Arana Hills Property Sales Overview
The median property value in Arana Hills for December is $821,038.
Houses have increased by 2.08% for the month and decreased 0% for the year.
Rental demand is up with yields decreasing in February to 3.42%, from 3.45% in January.
The number of properties sold this quarter is down on last quarter from 79 to 7. This is down on the 5 year quarterly average of 150 indicating weaker demand.
What's the median House price in Arana Hills in December 2021?
The median property value for houses in Arana Hills is $821,038.
This is an increase of 2.08% ($804,344) from last month.
How much does it cost to rent a House in Arana Hills?
Rent prices in Arana Hills are the highest they've been in 12 months at $543.
This is up 11.04% from a 12 month low of $489 in January 2021 and a 1.69% up from last month.
What's the current rental yield in Arana Hills?
Rental yields for houses in Arana Hills have decreased in December for the 12th consecutive month.
This is the same from a 12 month low of 3.42% in December 2021 and down from a 12 month high of 3.85% in December 2020.
How many properties sold in Arana Hills in February?
Total sales volume in Arana Hills is 7, which is down from 79 in the previous quarter.
This is -63.16% weaker than the weakest quarter in the last 5 years which was Q4 2018 with 19 sales and -82.05% weaker than the strongest quarter in the past 5 years which saw 39 sales in Q4 2016.
How long did it take to sell a property in Arana Hills in February?
10 days is the average time on market in Arana Hills in December, which is the same from 10 in November and has been trending down since December 2020.
This can indicate a buyers market where sellers are finding it harder to make a sale.
Are properties selling below or above the listing price in Arana Hills?
December sees the vendor expectation error for Arana Hills at 4.9% which means, on average, places sold for 4.9% more than the listing price.
This is handy to know as a buyer to set your expectation and to give you a more realistic view of what you might expect properties to sell for on auction day.
It’s worth noting that in a hot market you might want to set your price expectations even higher than the 4.9% as things can move pretty quickly.