QLD / Southern Downs (R) / 4352 / Murphys creek

Murphys Creek Property Data December 2021

Updated 15 December 2021

Murphys Creek Property Sales Overview

The median property value in Murphys Creek for December is $572,760.

Houses have increased by 1.90% for the month and decreased 0% for the year.

Rental demand is up with yields decreasing in February to 4.37%, from 4.46% in January.

The number of properties sold this quarter is down on last quarter from 8 to 1. This is down on the 5 year quarterly average of 10 indicating weaker demand.

What's the median House price in Murphys Creek in December 2021?

The median property value for houses in Murphys Creek is $572,760.

This is an increase of 1.90% ($562,077) from last month.

Median price looking back 12 months

How much does it cost to rent a House in Murphys Creek?

Rent prices in Murphys Creek are the highest they've been in 12 months at $459.

This is up 10.07% from a 12 month low of $417 in December 2020 and a 0.22% up from last month.

Rental cost looking back 12 months

What's the current rental yield in Murphys Creek?

Rental yields for houses in Murphys Creek have decreased in December for the 2nd consecutive month.

This is the same from a 12 month low of 4.37% in December 2021 and down from a 12 month high of 4.61% in July 2021.

Rental yield looking back 12 months

How many properties sold in Murphys Creek in February?

Total sales volume in Murphys Creek is 1, which is down from 8 in the previous quarter.

This is 1.00% stronger than the weakest quarter in the last 5 years which was Q3 2019 with 0 sales and -75.00% weaker than the strongest quarter in the past 5 years which saw 4 sales in Q2 2021.

Quarterly volume of sales looking back 5 years

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

14 days is the average time on market in Murphys Creek in December, which is down from 15 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 Murphys Creek?

December sees the vendor expectation error for Murphys Creek at 2.5% which means, on average, places sold for 2.5% 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 2.5% as things can move pretty quickly.

Vendor expectation error looking back 12 months
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