QLD / Scenic Rim (R) / 4306 / Fairney view

Fairney View Property Data December 2021

Updated 15 December 2021

Fairney View Property Sales Overview

The median property value in Fairney View for December is $606,659.

Houses have increased by 1.80% for the month and decreased 0% for the year.

Rental demand is up with yields increasing in February to 4.45%, from 4.43% in January.

The number of properties sold this quarter is the same on last quarter from 0 to 0. This is down on the 5 year quarterly average of 4 indicating weaker demand.

What's the median House price in Fairney View in December 2021?

The median property value for houses in Fairney View is $606,659.

This is an increase of 1.80% ($595,944) from last month.

Median price looking back 12 months

How much does it cost to rent a House in Fairney View?

Rent prices in Fairney View are the highest they've been in 12 months at $412.

This is up 11.65% from a 12 month low of $369 in January 2021 and a 2.49% up from last month.

Rental cost looking back 12 months

What's the current rental yield in Fairney View?

Rental yields for houses in Fairney View have increased in December for the 2nd consecutive month.

This is up from a 12 month low of 4.38% in October 2021 and down from a 12 month high of 4.7% in February 2021.

Rental yield looking back 12 months

How many properties sold in Fairney View in February?

Total sales volume in Fairney View is 0, which is the same from 0 in the previous quarter.

This is the same as the weakest quarter in the last 5 years which was Q3 2021 with 0 sales and -100.00% weaker than the strongest quarter in the past 5 years which saw 5 sales in Q1 2021.

Quarterly volume of sales looking back 5 years

How long did it take to sell a property in Fairney View in February?

11 days is the average time on market in Fairney View in December, which is down from 12 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.

Number of days on market looking back 12 months

Are properties selling below or above the listing price in Fairney View?

December sees the vendor expectation error for Fairney View at 3.2% which means, on average, places sold for 3.2% 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 3.2% as things can move pretty quickly.

Vendor expectation error looking back 12 months
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