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PRD Palm Beach  →  Research Hub  →  Tallebudgera Property Market Update 2nd Half of 2021

Tallebudgera Property Market Update 2nd Half of 2021

In Q2 2021, Tallebudgera recorded a median house price of $1,550,000. This represents annual (Q2 2020 – Q2 2021) median price growth of 64.9% for houses. Between Q2 2020 – Q2 2021 total sales remained stable for houses (at 27 sales). This is a clear indication of increased consumer confidence, with real returns on investment as there is price growth even with similar number of sales. Thus, demand is exceeding well above supply levels. Furthermore, there is an absence of new stand-alone housing stock in the project pipeline, which creates an advantage for current homeowners.

In Q2 2021, Tallebudgera recorded a median house price of $1,550,000. This represents annual (Q2 2020 – Q2 2021) median price growth of 64.9% for houses. Between Q2 2020 – Q2 2021 total sales remained stable for houses (at 27 sales). This is a clear indication of increased consumer confidence, with real returns on investment as there is price growth even with similar number of sales. Thus, demand is exceeding well above supply levels. Furthermore, there is an absence of new stand-alone housing stock in the project pipeline, which creates an advantage for current homeowners.

Average vendor discounts between Q2 2020 and Q2 2021 have slightly tightened to -3.7% for houses. There is a slight shift in the market to favour vendors, as buyers need to offer closer to the first list price, however buyers still have enough room to negotiate. Now is the time to transact in the market.

In June 2021, house rental yields in Tallebudgera were recorded at 5.0%. In the 12 months to Q2 2021, the median house rental price increased by 72.3% to reach $1,025 per week, along with average days on the market recorded at 20 days. These figures indicate an extremely high surge in investment returns, inviting astute investors to enter the market.

4+ bedroom houses have provided investors with +56.7% rental growth annually, with a median rent of $1,175 per week.

Also in June 2021, Tallebudgera recorded a vacancy rate of 0.5%, below that of Gold Coast Main (0.7%) and well below Brisbane Metro (1.3%). Vacancy rates in Tallebudgera have continued to tighten and remain well below the Real Estate Institute of Australia’s healthy benchmark of 3.0%, as the economy recovers from COVID-19. There is a sustainable healthy rental demand and investors can be confident of a conducive investment environment in Tallebudgera.

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