QLD / Scenic Rim (R) / 4306 / Fernvale

Fernvale Property Data December 2021

Updated 15 December 2021

Fernvale Property Sales Overview

The median property value in Fernvale for December is $453,738.

Houses have increased by 1.78% 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 down on last quarter from 61 to 9. This is down on the 5 year quarterly average of 85 indicating weaker demand.

What's the median House price in Fernvale in December 2021?

The median property value for houses in Fernvale is $453,738.

This is an increase of 1.78% ($445,789) from last month.

Median price looking back 12 months

How much does it cost to rent a House in Fernvale?

Rent prices in Fernvale 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 Fernvale?

Rental yields for houses in Fernvale 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 Fernvale in February?

Total sales volume in Fernvale is 9, which is down from 61 in the previous quarter.

This is -10.00% weaker than the weakest quarter in the last 5 years which was Q4 2016 with 10 sales and -70.00% weaker than the strongest quarter in the past 5 years which saw 30 sales in Q2 2021.

Quarterly volume of sales looking back 5 years

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

11 days is the average time on market in Fernvale 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 Fernvale?

December sees the vendor expectation error for Fernvale 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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