QLD / Scenic Rim (R) / 4306 / Karrabin

Karrabin Property Data December 2021

Updated 15 December 2021

Karrabin Property Sales Overview

The median property value in Karrabin for December is $561,598.

Houses have increased by 1.69% for the month and decreased 0% for the year.

Rental demand is up with yields increasing in February to 4.56%, from 4.54% in January.

The number of properties sold this quarter is down on last quarter from 3 to 1. This is down on the 5 year quarterly average of 7 indicating weaker demand.

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

The median property value for houses in Karrabin is $561,598.

This is an increase of 1.69% ($552,272) from last month.

Median price looking back 12 months

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

Rent prices in Karrabin are the highest they've been in 12 months at $415.

This is up 11.86% from a 12 month low of $371 in January 2021 and a 0.97% up from last month.

Rental cost looking back 12 months

What's the current rental yield in Karrabin?

Rental yields for houses in Karrabin is 4.56%.

This is up from a 12 month low of 4.54% in November 2021 and down from a 12 month high of 4.89% in December 2020.

Rental yield looking back 12 months

How many properties sold in Karrabin in February?

Total sales volume in Karrabin is 1, which is down from 3 in the previous quarter.

This is 1.00% stronger than the weakest quarter in the last 5 years which was Q1 2021 with 0 sales and -75.00% weaker than the strongest quarter in the past 5 years which saw 4 sales in Q2 2019.

Quarterly volume of sales looking back 5 years

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

9 days is the average time on market in Karrabin in December, which is down 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.

Number of days on market looking back 12 months

Are properties selling below or above the listing price in Karrabin?

December sees the vendor expectation error for Karrabin at 5.4% which means, on average, places sold for 5.4% 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 5.4% as things can move pretty quickly.

Vendor expectation error looking back 12 months
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