Rental Market Update 1300 360 388 Yarra bilba July / September 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 21 DAYS $481 pw 40.47% 1.48% 10,706 The current rental The current As of the 2021 population is vacancy rate in census, there were 40.47% Yarrabilba is 1.48% over 10,000 residents in Yarrabilba The median property The median age of Queensland is gaining value as of July 2022 residents in more from interstate Yarrabilba is migration than any other +33.1% in 12 months 26 based on RP Data statistics state
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 30 Arkose Street 422 - 320 $800.00 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 2 181 400 422 248 487
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 30 Arkose Street | $800 per week 73 Darnell St | $420 per week Yarrabilba Yarrabilba 3 Grasslands St | $610 per week 13 Peabody Lane | $580 per week Yarrabilba Yarrabilba
just rented 27 Treeline Cct | $540 per week 1/36 Everglade St | $425 per week Yarrabilba Yarrabilba 42 Neumann Drive | $520 per week 4 Southwood Cct | $500 per week Yarrabilba Yarrabilba 3/36 Everglade St | $420 per week 48 Summerview Ave | $510 per week Yarrabilba Yarrabilba 4 Winkler Court | $480 per week 23 Shilin Street St | $500 per week Yarrabilba Yarrabilba
Yarrabilba Average Rents 23 4 by # of bedrooms $373 $396 $467 $408 $435 $486 Yarrabilba Average LJHYSR Average 9.3% 9.8% 4% LJHYSR Client's property's compared to Yarrabilba's average rent Average time listed on market - 3% compared to previous quarter Enquiry Volume Application Volume + 10.5% compared to previous quarter Tenants Renewing Tenancies - 7% compared to previous quarter 70.52% of tenants renewed their tenancies between 01/07/2022-30/09/2022 -5.31% compared to previous quarter Rental Increases at Renewal 70.88% of tenancies had a rental increase Average Rental Increase successfully negotiated at renewal (on par with previous quarter) $67.00 per week is the average increase being negotiated at renewal
rented in 2021 160+Rented in 2021 159 Properties Rented 125+ Properties Sold by LJHYSR in Yarrabilba in FY 2021/2022 so far in 2022 by LJHYSR 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
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