October 31, 2013
The average South Burnett house currently sells for $229,000 and sits on the market for 133 days, according to the latest RP Data national property study.
RP Data report that median house prices in the region’s major towns now range from a low of $174,610 in Murgon to $235,470 in Kingaroy.
In addition, Murgon vendors are prepared to offer an average discount of 9.4 per cent off their list price to close a sale.
This is almost double Kingaroy’s average 4.8 per cent vendor discount, and still above the 6.3 per cent disclount Nanango vendors are prepared to offer.
The information on local market conditions is contained in RP Data’s Spring Buyer’s Guide, which reports sales and rental data on more than 8,700 suburbs nationally, as well as sales grouped into Council areas.
According to the report, house rental prices around the region currently range between $190 per week in Murgon up to $250 per week in Kingaroy, and deliver average gross rental yields between 4.1 percent and 5.8 per cent for their owners.
RP Data do not report on towns with fewer than 10 sales in the previous 12 months, and only report other factors when there is sufficient data to do so.
So while 263 of the South Burnett’s 369 house sales over the last 12 months occurred in the major towns of Blackbutt, Yarraman, Nanango, Kingaroy, Wondai and Murgon, another 106 – almost 30% – occurred in smaller towns and villages or rural parts of the region.
RP Data’s report on house sales in the South Burnett over the last year appears below:
RP Data’s Spring Buyers Guide can be obtained in PDF format by clicking here by entering your email address.
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