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Ironbark Property Data December 2021

Updated 15 December 2021

Ironbark Property Sales Overview

The median property value in Ironbark for December is $620,930.

Houses have increased by 1.72% for the month and decreased 0% for the year.

Rental demand is up with yields decreasing in February to 4.06%, from 4.15% in January.

The number of properties sold this quarter is down on last quarter from 1 to 0. This is down on the 5 year quarterly average of 4 indicating weaker demand.

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

The median property value for houses in Ironbark is $620,930.

This is an increase of 1.72% ($610,418) from last month.

Median price looking back 12 months

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

Rent prices in Ironbark are the highest they've been in 12 months at $427.

This is up 10.62% from a 12 month low of $386 in February 2021 and a 1.91% up from last month.

Rental cost looking back 12 months

What's the current rental yield in Ironbark?

Rental yields for houses in Ironbark have decreased in December for the 3rd consecutive month.

This is the same from a 12 month low of 4.06% in December 2021 and down from a 12 month high of 4.39% in February 2021.

Rental yield looking back 12 months

How many properties sold in Ironbark in February?

Total sales volume in Ironbark is 0, which is down from 1 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 2 sales in Q2 2020.

Quarterly volume of sales looking back 5 years

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

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

December sees the vendor expectation error for Ironbark at 3.1% which means, on average, places sold for 3.1% 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 3.1% as things can move pretty quickly.

Vendor expectation error looking back 12 months
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