Tallebudgera Property Market Update 1st Half of 2022

In Q4 2021, Tallebudgera recorded a median house price of $1,520,000. This represents annual (Q4 2020 – Q4 2021) median price growth of 55.9% for houses. Between Q4 2020 – Q4 2021 total house sales slowed, by -5.7% to 33 sales. Owner occupiers and downsizes can benefit from higher returns on capital investment, as median price growth was fuelled by high demand and low stock level. The Tallebudgera house market is undersupplied, with a heavy reliance on established houses being put on the market. There is a need for more ready-to-sell new houses, thus an opportunity for developers.

Average vendor discounts between Q4 2020 and Q4 2021 have widened for houses, to -3.2%. Market conditions in Tallebudgera continue to favour vendors, particularly due to high price growth, however buyers can still find opportunities to negotiate from the first list asking price on a case-by-case basis.

In December 2021, house rental yields in Tallebudgera were recorded at 4.3%. In the 12 months to Q4 2021, the median house rental price increased by 42.9% to reach $1,000 per week, while average days to let on the market remained at 34 days. This indicates a resilient rental market in Tallebudgera.

3 bedroom houses have provided investors with +44.5% rental growth annually, with a median rent of $795 per week.

Also in December 2021, Tallebudgera recorded a vacancy rate of 0.5%, generally on par with Gold Coast LGA (0.6%) but well below that of Brisbane Metro (1.3%). Vacancy rates in Tallebudgera have remained below 2.0% for the past 18 months and remain well below the Real Estate Institute of Australia’s healthy benchmark of 3.0%. This confirms there is still a healthy rental demand and investors can be confident of a conducive investment environment in Tallebudgera.