Yarrabilba Rental Market Update - 3rd Quarter 2022

Rental Market Update 1300 360 388 Yarrabilba Market Update 3rd Quarter 2022



The borders are open! Although we have already seen record numbers through open homes, cash buyers and interstate migration at an all time high in 2021. Now is the real test with borders open and buyers moving from down south with an expected surge in demand in early 2022.

The Statistics Yarrabilba 4207 Average Average Vacancy Rent 19 DAYS $479 pw Average time listed on market 17 days | 11 days for LJHYSR Enquiry Volume +10.05% compared to previous quarter Application Volume On par with previous quarter Average rent 3 bedroom house $419 pw | $449 pw for LJHYSR Average rent 4 bedroom house $471 pw | $498 pw for LJHYSR Properties leased without 13 properties for LJHYSR advertising $531,000 25 QLD The median property Nation's largest value as of April 2022 gain of +8.15% since Jan 2022 interstate based on RP Data statistics migration The predominant age of Queensland is gaining more residents in Yarrabilba is from interstate migration than any other state 25

Rented Stock Yarrabilba 4207 Land m2 7 Bright Street 422 - 320 $430.00 2/12 Granite Street $330.00 9 Sepia Street 1 1 1 - 180 $360.00 4 Verdi Street $490.00 26 Bailey Street 432 - 188 $400.00 26 Splendour Circuit $450.00 10 Arcadia Circuit 422 - 641 $400.00 185 Darlington Drive $460.00 34/15-25 Waldron Street 3 2 1 - 320 $300.00 38 Splendour Circuit $450.00 37 Sepia Street 422 130 320 $485.00 19 Hillard Street $470.00 3 Hantlemann Lane 3 2 1 - 250 $430.00 165 Darlington Drive $500.00 8 Lowthers Street 4 2 2 218 448 $450.00 5 Bernard Circuit $480.00 6 Daniels Land 111 - - $440.00 3 Grasslands Street $620.00 12 Macnab Street 4 2 2 194 400 $470.00 62 Sommer Street $420.00 7 Tallwoods Circuit 4 2 2 190 400 $500.00 14 Sienna Circuit $420.00 22 Treeline Circuit 4 2 2 - 480 $500.00 114 McKinnon Drive $400.00 3 Verdi Street 432 - 225 $390.00 15 Greenstone Street $460.00 13 Strata Circuit 4 2 2 - 448 $570.00 23 Blossom Street $440.00 19/32 Everglade Street 4 2 2 201 480 $350.00 25 Carew Street $460.00 9 Sienna Circuit 4 2 2 186 540 $440.00 169 McKinnon Drive $610.00 90 Darlington Drive 432 - 225 $430.00 35 Leland Street $510.00 18 Bailey Street 422 - 512 $450.00 92 Slate Street $490.00 16/32 Everglade Street 422 - 491 $390.00 4 Southwood Circuit $500.00 53 Gossan Circuit 422 - 313 $670.00 61 Huggins Avenue $550.00 13 Peabody Lane 4 2 2 - 480 $580.00 4 Jubera Close $500.00 422 - 320 4 2 2 - 599 422 - 221 422 - 320 4 2 2 - 390 4 2 2 304 640 432 - 267 221 - - 422 221 186 422 187 313 4 2 2 259 640 4 2 2 - 336 4 2 2 222 462 4 2 2 - 400 4 2 2 - 404 2 2 1 90 - 3 2 2 134 400 4 2 2 669 4 2 2 182 480 422 138 576 4 2 2 181 400

just rented 53 Gossan Circuit | $670 per week 61 Huggins Ave | $550 per week Yarrabilba Yarrabilba 53 Darnell St | $550 per week 22 Treeline Cct | $500 per week Yarrabilba Yarrabilba 42 Neumann Dr | $520 per week 4 Southwood Cct | $500 per week Yarrabilba Yarrabilba 3 Grasslands St | $610 per week 13 Peabody Lane | $580 per week Yarrabilba Yarrabilba

Yarrabilba Average Rents 23 4 by # of bedrooms $335 $419 $471 $416 $449 $498 Suburb average LJHYSR 21.57% 6.9% 5.57% LJHYSR Client's property's perform better by Rental Case Study 5 Dorado Street, Yarrabilba The difference between a local agency specialising in an area compared to an outside agency, not local to the area. Other Agency Rental Appraisal - $380 per week LJHYSR Rental Appraisal - $480 per week Rent per annum difference - $5,200.00 By selecting a local Agency, our client was able to increase the return on their investment by 23.26% per annum.

rented in 2021 160+Rented in 2021 167 Properties Rented 158 Properties Sold in Yarrabilba in Yarrabilba in 2021 rolling 12 month period to date No 1 Agency for No 1 Agency for percentage of homes number of property managed in Yarrabilba sales since 2014 No 1 Agency for highest No 1 Agency for value of rental returns Value of Sales achieved No 1 Agency for recommendations No 1 Agency for recommendations

What our clients say We had been renting our investment property in Yarrabilba for seven years through our previous management company. Whilst they did a good job they were not matching rental prices within the current market. Changing over LJ Hooker to Yarrabilba Scenic Rim was an easy decision, the process was effortless and seamless. Our current tenants were due to vacate shortly after the management handover and we had concerns this would leave the property vacant. Hannah and her team at LJ Hooker not only had tennants lined up to move in immediately, but communicated with us through the whole process with any concerns and issues. The icing on the cake was LJ Hooker also increased our rental income to match the current market, this was an increase of $100 per week from what our previous management company recommended. Easy decision! If you're still considering utilising Hannah and her team at LJ Hooker, as your realestate management team, you've already taken too long. C & D Fawcett - Property Investors Best property rental agents I have used The team at LJ Hooker have never failed to keep me updated as to everything happening with my property and it's clear to me they always have my best interests at heart. Quick to find new quality tenants (they wouldn't accept anything less). Daniel - Property Investor

renting your home can be as easy as contact our Investment Property Specialists and request your free rental appraisal and rental analysis. Choose between a desktop or in person appraisal. We will provide you with all the information you need to be aware of about the renting process and advise where your property is positioned in the current market. Sign the relevant paperwork and we will handle the rest!

want to know the new value of your place? With huge demand and an under supply of properties, this ultimately drives property prices up as competition soars. Why get a property appraisal? Know the new value of your place Assists with refinancing or borrowing Understand if there is hidden equity Click here to organise your free sales appraisal