Tamborine Property Sales Overview
The median property value in Tamborine for December is $868,462.
Houses have increased by 2.22% for the month and decreased 0% for the year.
Rental demand is up with yields decreasing in February to 3.78%, from 3.83% in January.
The number of properties sold this quarter is down on last quarter from 46 to 7. This is down on the 5 year quarterly average of 83 indicating weaker demand.
What's the median House price in Tamborine in December 2021?
The median property value for houses in Tamborine is $868,462.
This is an increase of 2.22% ($849,605) from last month.
How much does it cost to rent a House in Tamborine?
Rent prices in Tamborine are the highest they've been in 12 months at $697.
This is up 18.54% from a 12 month low of $588 in January 2021 and a 3.57% up from last month.
What's the current rental yield in Tamborine?
Rental yields for houses in Tamborine is 3.78%.
This is up from a 12 month low of 3.7% in October 2021 and down from a 12 month high of 4.22% in December 2020.
How many properties sold in Tamborine in February?
Total sales volume in Tamborine is 7, which is down from 46 in the previous quarter.
This is -30.00% weaker than the weakest quarter in the last 5 years which was Q1 2020 with 10 sales and -73.08% weaker than the strongest quarter in the past 5 years which saw 26 sales in Q2 2021.
How long did it take to sell a property in Tamborine in February?
20 days is the average time on market in Tamborine in December, which is up from 19 in November.
This indicates a competitive market for buyers where the more organised you are the better chance you have of securing.
Are properties selling below or above the listing price in Tamborine?
December sees the vendor expectation error for Tamborine at 4.1% which means, on average, places sold for 4.1% 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 4.1% as things can move pretty quickly.