QLD / Somerset (R) / 4515 / Royston

Royston Property Data December 2021

Updated 15 December 2021

Royston Property Sales Overview

The median property value in Royston for December is $603,543.

Houses have increased by 0.91% for the month and decreased 0% for the year.

Rental demand is up with yields increasing in February to 4.26%, from 4.09% in January.

The number of properties sold this quarter is down on last quarter from 4 to 0. This is down on the 5 year quarterly average of 10 indicating weaker demand.

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

The median property value for houses in Royston is $603,543.

This is an increase of 0.91% ($598,071) from last month.

Median price looking back 12 months

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

Rent prices in Royston are the highest they've been in 12 months at $466.

This is up 15.63% from a 12 month low of $403 in February 2021 and a 3.33% up from last month.

Rental cost looking back 12 months

What's the current rental yield in Royston?

Rental yields for houses in Royston is 4.26%.

This is up from a 12 month low of 3.9% in August 2021 and down from a 12 month high of 4.55% in December 2020.

Rental yield looking back 12 months

How many properties sold in Royston in February?

Total sales volume in Royston is 0, which is down from 4 in the previous quarter.

This is the same as the weakest quarter in the last 5 years which was Q2 2020 with 0 sales and -100.00% weaker than the strongest quarter in the past 5 years which saw 4 sales in Q4 2020.

Quarterly volume of sales looking back 5 years

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

11 days is the average time on market in Royston in December, which is the same from 11 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 Royston?

December sees the vendor expectation error for Royston at 4.5% which means, on average, places sold for 4.5% 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 4.5% as things can move pretty quickly.

Vendor expectation error looking back 12 months
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