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MARKET
MONITOR
Issue 6 www.reiq.com.au
MARCH QUARTER 2010
QUEENSLAND PROPERTY MARKET HOLDS STEADY
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2. QUEENSLAND
MAR K E T
MONITOR
CONTENTS
State-wide Summary.................................. page 2 Queensland Market Monitor is published by
The Real Estate Institute of Queensland (REIQ).
Regional Overview ABN 49 009 661 287
[Houses, Units & Townhouses, Vacant land, Rents] Disclaimer: The information contained in this publication, while based on information believed
reliable, is not guaranteed. Nor is any of it tendered by way of investment advice; instead, it is
Brisbane City.......................................... page 4 intended only to inform and illustrate. No reader should act on the basis of any matter contained
in this publication without considering and if necessary taking appropriate professional advice with
Brisbane Surrounds.............................. page 9 regards to their own particular circumstances. The publisher and editor give no representations
and make no warranties, express or implied, with respect to the accuracy or completeness of
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this publication. The publisher and editor expressly disclaim any and all liability to the reader,
Toowoomba Regional........................... page 16 whether a purchaser of this publication or not, in respect of anything and the consequences of
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will enter into no correspondence in relation to this publication. The mention of the company,
fraser Coast Regional.......................... page 20 organisation, person, investment strategy or technique does not imply endorsement by the
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Bundaberg Regional.............................. page 22
advertisements or special advertising features in this publication does not imply endorsement of
the advertiser/s or their products/services by the publisher. Articles are published in reliance
Gladstone Regional............................... page 24
upon the representations and warranties of the authors of the articles and without knowledge of
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Rockhampton Regional......................... page 25
Commonwealth Copyrights Act 1968 and may not, in whole or part, be lent, copied, photocopied,
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Mackay Regional.................................... page 27
the express permission of the publisher. For permissions or reprints, contact the Market Place
Strategy Division on phone 07 3249 7347.
Townsville City........................................ page 29
Cairns Regional...................................... page 31 PUBLISHED: 11 June 2010
Other Regional Areas............................ page 33 The Real Estate Institute of Queensland Ltd.
Copyright © 2010
Gross Rental Yields...................................... page 36 21 Turbo Drive, Coorparoo, PO Box 1555,
Coorparoo DC Q 4151
Explanatory Notes....................................... page 36 Ph: (07) 3249 7347 fax: (07) 3249 6211
Email: research@reiq.com.au
Research Methodology............................. page 37
Contact Details.............................................. page 37
MARCH QUARTER 2010 STATE-WIDE SUMMARY
Median house and unit prices SNAPSHOT Of LGA DATA
Queensland’s residential property market experienced a steady MARCH QUARTER 2010 HOUSES
level of demand and price growth over the March quarter.
LOCAL GOVERNMENT AREA Median Change
Across most parts of the State, the number of preliminary sales
Mar Qtr 10 over qtr
was up during the period on the back of increased demand
SOUTHEAST QUEENSLAND
from non-first home buyers. Demand across the board
however has since weakened, as the cumulative interest rate BRISBANE (SD) $455,000 0.9%
increases of more than 1.5 percentage points since October BRISBANE CITY $535,000 0.0%
start to bite. IPSWICH CITY $320,000 -1.2%
LOGAN CITY $369,000 1.9%
Agents are reporting slower activity from all segments of
MORETON BAY REGIONAL $401,750 0.4%
the market with areas reliant on mining activity feeling extra
REDLAND CITY ~ $477,000 3.5%
pressure from the uncertainty surrounding the proposed
GOLD COAST CITY $510,000 0.0%
resources tax.
SUNSHINE COAST REGIONAL $480,000 1.1%
The Central Queensland region has benefited greatly from MAJOR REGIONAL CENTRES
the resources sector and, until the super tax was announced, TOOWOOMBA REGIONAL $300,000 1.7%
there were billions of dollars of investment planned for the
FRASER COAST REGIONAL $317,000 0.8%
area. But many of the proposed projects are now on hold, with
BUNDABERG REGIONAL $289,000 -2.0%
development of new industries such as LNG appearing also to
GLADSTONE REGIONAL $383,000 7.9%
be frozen.
ROCKHAMPTON REGIONAL $322,000 -2.4%
Across the region, agents are reporting much quieter MACKAY REGIONAL $403,000 -0.4%
conditions. Indeed, long before the super tax was announced, TOWNSVILLE CITY $375,000 -2.6%
one agent described how it was like “someone turned the taps CAIRNS REGIONAL $370,000 -0.7%
off” at Easter.
Before the mining tax was announced, Gladstone in particular
was performing extremely well. It recorded the highest median
Issue 6 - March Quarter 2010 page 2 www.reiq.com.au

3. QUEENSLAND
MAR K E T
MONITOR
BRISBANE CITY
MARCH QUARTER 2010 STATE-WIDE SUMMARY
house price growth of any major regional central over the
March quarter, up 7.9 per cent to $383,000. Billions of dollars QUEENSLAND HOUSE SALES
QUEENSLAND HOUSE SALES
QUEENSLAND HOUSE SALES
of projects from proposed LNG plants, smelter expansions <$350,000
<$350,000
<$350,000
<$500,000
<$500,000
<$500,000
<$1m
<$1m
<$1m
$1m+
$1m+
$1m+
and upgrades, a new railway and steel plant as well as the $65 311
311
311
million airport expansion and upgrade are either under way MAR 10
MAR 10
MAR 10
3444
3444
3444
4833
4833
4833
3312
3312
3312
or under study for the region. Since that time, however, higher 299
299
299
interest rates and the proposed mining tax has impacted the DEC 09
DEC 09 3271
3271 4502
4502 3133
3133
DEC 09 3271 4502 3133
area with sales activity lower over recent weeks.
129
129
129
Over the year ending March, Toowoomba took the honours MAR 09
MAR 09 4579
4579 5132
5132 2060
2060
MAR 09 4579 5132 2060
with a median house price rise of 9.8 per cent to $289,000.
There has been an increase in investor activity since January
and this is tipped to continue as the likelihood of Toowoomba
becoming the economic and service hub for the Surat Basin QUEENSLAND UNIT SALES
QUEENSLAND UNIT SALES
intensifies. QUEENSLAND UNIT SALES
<$250,000
<$250,000 <$350,000
<$350,000 <$500,000
<$500,000 <$1m
<$1m $1m+
$1m+
<$250,000 <$350,000 <$500,000 <$1m $1m+
The Toowoomba region has long operated on its own
cycle with solid activity and price growth, partly due to MAR 10
MAR 10
MAR 10
704
704
704
1625
1625
1625
1731
1731
1731
884
884
884
186
186
186
the affordable price of property in the area. However, the
development of coal seam gas in the Surat Basin Energy DEC 09
DEC 09 651
651 1498
1498 1603
1603 887
887 181
181
DEC 09 651 1498 1603 887 181
Province is likely to have a positive impact on Toowoomba’s
economy, generally in the years ahead.
MAR 09
MAR 09 876
876 1794
1794 1397
1397 557 108
557 108
MAR 09 876 1794 1397 557 108
Queensland’s unit and townhouse market also produced stable
results over the March quarter with demand steady.
This segment of the market has been negatively impacted over
recent times due to restricted access to finance from lenders, QUEENSLAND LAND SALES
QUEENSLAND LAND SALES
QUEENSLAND LAND SALES
an issue that appears to be continuing as the global economic <$250,000
<$250,000
<$250,000
<$350,000
<$350,000
<$350,000
<$500,000
<$500,000
<$500,000
$500,000+
$500,000+
$500,000+
$1m+
$1m+
$1m+
situation remains unsettled.
MAR 10
MAR 10 704
704 1625
1625 1731
1731 884
884 186
186
New unit and townhouse developments in regional areas are MAR 10 704 1625 1731 884 186
becoming more prevalent, ensuring a changing landscape in
places traditionally favouring houses and land. DEC 09
DEC 09 651
651 1498
1498 1603
1603 887
887 181
181
DEC 09 651 1498 1603 887 181
Rockhampton, Mackay and Gladstone are all now home to
MAR 09
MAR 09 876
876 1794
1794 1397
1397 557 108
557 108
unit developments priced at the top end of the market. The MAR 09 876 1794 1397 557 108
river-side Edge luxury apartments in Rockhampton is the
latest prestige development to be constructed in the region,
while the final touches are being completed on the Aspex
apartments in Gladstone, with prices starting at $750,000.
Median land prices
Demand for vacant urban land continues to be firm across the
Rental market
State with steady sales numbers and price performance. After 18 months of easing demand, the rental market in many
parts of Queensland appears to be starting to feel the pinch
Queensland’s booming population is likely to see demand
once again.
for vacant urban land to be funnelled into specific areas
outside of Brisbane and the Gold Coast, where land is more Thousands of Queenslanders became first home owners
readily available. The State Government’s regional first home during late 2008 and throughout 2009 which alleviated some
owner boost – introduced on 1 June – will provide $4,000 for of the pent-up demand that had been burdening the rental
new homes built in regional areas in a bid to push people to market for more than four years.
outlying areas.
Over the past year, there has been little or no growth in rents as
The government has also announced that three super-cities the rental market returned to a more balanced state of affairs.
will be developed in South East Queensland’s west and
southwest to quickly deliver new master-planned communities
for an extra 250,000 people. Construction of Ripley Valley, west
of Springfield, and Greater Flagstone and Yarrabilba in Logan’s
south has been brought forward to now begin before the end
of 2011.
Issue 6 - March Quarter 2010 page 3 www.reiq.com.au

4. QUEENSLAND
MAR K E T
MONITOR
BRISBANE CITY
Median house and unit prices
Brisbane’s house, and unit and townhouse, markets were flat BRISBANE CITY HOUSE SALES
over the March quarter with both recording nil price growth <$350,000 <$500,000 <$1m $1m+
over the period. The Brisbane median house price remains at 147 157
$535,000, while the unit and townhouse median is at $400,000. MAR 10 1045 1557 MAR 1
The preliminary number of house sales in Brisbane was up 7 136
per cent over the March quarter, partly attributable to demand SEP 09 254 1358 1409 DEC 0
from second and third generation buyers. Demand has now
44
weakened however as interest rates return to more historically
MAR 09 251 1273 927 MAR 0
average levels.
This demand from up-graders is evidenced by some of the
strong Brisbane performers over the quarter and over the year
with a number of suburbs that have medians above $550,000 BRISBANE SURROUNDS' HOUSE SALES
performing well. Ashgrove, Carindale, East Brisbane, Graceville, BRISBANE CITY UNIT SALES
<$350,000 <$500,000 <$1m $1m+
Morningside and Taringa all experienced positive price growth <$250,000 <$350,000 <$500,000 <$1m $1m+
18
over the period. Commonalities among these suburbs are 57
MAR 10 993 1373 541 MAR 1
their location within 10 kilometres of Brisbane’s CBD and the MAR 10 310 774 300 36 MAR
mix of housing available, from renovated Queenslanders and 76
20
architecturally designed homes, to riverfront properties in DEC 09 935 1278 490 DEC 0
SEP 09 521 944 336 51 DEC
Graceville and East Brisbane. 9
MAR 09 71 1534 1511 344 MAR 0
Brisbane’s unit and townhouse market experienced a steady MAR 09 514 660 169 19 MAR
number of sales over the March quarter, but was likely
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
impacted by less demand from first home buyers following the
cessation of financial incentives at the end of 2009.
GOLD COAST HOUSE SALES
Median prices in a number of suburbs have been impacted by BRISBANE SURROUNDS' UNITSALES
BRISBANE CITY LAND SALES
<$350,000 <$500,000 <$1m $1m+
the development of new stock which augurs well for demand <$250,000 <$350,000 <$500,000 $500,000+
75$500,000+
18
<$250,000 <$350,000 <$500,000
in this segment of the market in the years ahead. MAR 10 531 531 MAR 1
Solid performers over the quarter and over the year included DEC 09 118 289 123 68 MAR
MAR 10 30
33 70 61 14 52
Chermside and Moorooka. Chermside’s median unit and DEC 09 483 511 DEC 0
townhouse price increased 8.3 per cent over the quarter, and SEP 09 119 242 140 60 DEC
10.7 per cent over the year. Moorooka’s median is up14 per SEP 09 48 98 172 44
55 19
MAR 09 681 344 MAR 0
cent over the quarter and 12.2 per cent over the year.
MAR 09 163 277 69 21 MAR
Both of these historically working class areas have been MAR 09 60 80 28 10
transformed by increased infrastructure in recent years INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
and have both become home to new unit and townhouse SUNSHINE COAST HOUSE SALES
developments. Chermside, especially, has a number of new GOLD COAST UNIT <$1m
SALES $1m+
<$350,000 <$500,000
two and three-bedroom apartment developments under way BRISBANE SURROUNDS' LAND SALES 51
or completed including The Edge, Chermside Central and Rental market <$350,000 <$500,000 <$1m $1m+
<$250,000
59
MAR 10 <$250,000 469
<$350,000 351
<$500,000 $500,000+ MAR 1
Equinox. The median rent for510
MAR 10 125 a two-bedroom unit in Brisbane increased
509 347 103 MAR
$5 per week between March 2010 and March last36 to $365.
44 year
118 three-bedroom house increased68 per
289 123
Median land prices TheDEC 09
median rent for a409
DEC 09
DEC 09 112 476 427
298
313 89
$10 DEC 0
DEC
week to $380 over the same period.
111 29
Brisbane’s vacant urban land market experienced a jump in
MAR 09
SEP 09 119 242
457 140
There has been increased activity in the inner suburb rental 240 60 MAR 0
demand over the year ending March 2010 on the back of the MAR 09 172 566 404 244 68 MAR
Federal Government’s First Home Owner Boost (FHOB). The market, likely due to the wind-back of the FHOB. The vacancy
number of preliminary sales over the year was 1,581 compared rate for inner Brisbane came in at277 per cent, down from
MAR 09 163 2.3 69 21
to 977 in the year ending March 2009. 3.5 per cent in September last year. Outer Brisbane suburbs
however REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL rate of 2.6 per cent.
INCLUDES remained steady at a vacancy
The lack of available land in the Brisbane local government SUNSHINE COAST UNIT SALES
Overall, the Brisbane metropolitan area is showing signs of
area will continue to constrain this segment of the market and increased demand,
<$250,000with the vacancy rate tightening slightly
<$350,000 <$500,000 <$1m $1m+
is evidenced by the substantially higher number of preliminary GOLD COAST LAND SALES
since September to 2.5 per cent.
sales five years ago - about 2,000 over the year. MAR 10 <$250,000
50 186 <$350,000 <$500,000 118 $500,000+
169 30 MAR
The median vacant urban land price increased 6.7 per cent
over the March quarter to $332,500, but was flat over the year. MAR 10
DEC 09
125
55
510
169
509
157
347
124 26 DE
Issue 6 - March Quarter 2010 page 4 DEC 09
MAR 09 112 476 427 313www.reiq.com.au

5. QUEENSLAND
MAR K E T
MONITOR
BRISBANE CITY
MEDIAN SALES DATA MEDIAN SALES DATA
Suburb/ Number of Mar change 12 mths to change change Suburb/ Number of Mar change 12 mths to change change
Locality Sales Mar Qtr over the end of over over Locality Sales Mar Qtr over the end of over over
Qtr 2010 2010 qtr” Mar 2010 1yr” 5yrs Qtr 2010 2010 qtr” Mar 2010 1yr” 5yrs
HOUSES HOUSES continued
BRISBANE (SD) 5,831 $455,000 0.9% $440,000 7.3% 41.9% HAMILTON ~ 6 N/A N/A $1,193,000 -0.6% 66.9%
BRISBANE (SD) ^ 391 $585,000 3.1% $565,000 1.8% 31.4% HAWTHORNE 23 $850,000 -5.5% $850,000 15.9% 41.7%
BRISBANE CITY (LGA) 2,906 $535,000 0.0% $512,000 6.7% 42.2% HEATHWOOD 1 N/A N/A $520,000 -1.0% N/A
BRISBANE CITY (LGA) ^ 55 $920,000 0.5% $925,000 -6.6% 22.9% HEMMANT 11 $466,000 N/A $425,500 8.1% 52.2%
ACACIA RIDGE 17 $345,000 0.0% $339,500 8.1% 52.0% HENDRA ~ * 15 $776,000 -20.4% $770,000 13.2% 57.1%
ALDERLEY 19 $580,000 -5.0% $587,500 1.0% 37.3% HIGHGATE HILL ~ 7 N/A N/A $760,000 -7.3% 51.8%
ALGESTER 32 $430,000 3.5% $415,000 8.2% 48.2% HOLLAND PARK 30 $550,500 3.9% $515,000 0.8% 51.5%
ANNERLEY 19 $615,000 -4.7% $536,250 -0.7% 45.5% HOLLAND PARK WEST 26 $533,500 -0.7% $525,000 1.9% 49.1%
ASCOT ~ 8 N/A N/A $1,110,000 -12.9% 41.8% INALA 38 $303,750 -1.1% $295,500 1.9% 60.6%
ASHGROVE 29 $730,000 14.4% $680,000 7.1% 51.1% INDOOROOPILLY ~ 27 $675,000 -0.9% $627,500 -3.3% 21.3%
ASPLEY 32 $460,000 -0.9% $466,000 8.0% 45.6% JAMBOREE HEIGHTS 11 $425,000 -0.9% $425,000 2.5% 46.6%
AUCHENFLOWER 15 $771,500 -4.8% $769,000 9.1% 44.4% JINDALEE 14 $480,500 4.5% $460,500 4.7% 35.4%
BALD HILLS 29 $385,000 -5.9% $400,000 6.1% 53.8% KANGAROO POINT 9 N/A N/A $657,250 -1.2% 51.4%
BALMORAL ~ 9 N/A N/A $705,000 -14.0% 29.1% KARANA DOWNS 10 $420,000 N/A $422,250 10.5% 38.4%
BANYO 23 $421,000 -4.9% $412,500 7.1% 42.2% KARANA DOWNS ^ 5 N/A N/A $515,000 N/A 40.5%
BARDON ~ 37 $739,000 -7.6% $731,500 0.0% 52.4% KEDRON ~ 27 $595,000 16.4% $492,000 1.4% 37.8%
BELLBOWRIE ~ 17 $440,000 -10.6% $460,000 2.3% 33.3% KELVIN GROVE 10 $622,500 N/A $618,000 0.0% 48.9%
BELMONT 16 $605,000 2.7% $570,000 1.8% 60.6% KENMORE 27 $560,000 0.0% $527,500 7.1% 39.6%
BOONDALL 26 $424,500 -0.1% $415,000 1.2% 34.3% KENMORE HILLS 9 N/A N/A $720,000 N/A 41.9%
BRACKEN RIDGE 53 $420,000 2.9% $415,000 5.1% 34.8% KEPERRA 17 $435,000 -0.2% $430,000 8.4% 50.3%
BRIDGEMAN DOWNS ~ 16 $643,750 -14.7% $680,000 11.5% 28.3% KURABY 18 $530,500 -3.1% $510,000 3.0% 35.1%
BRIGHTON 35 $420,000 3.9% $401,250 1.9% 43.3% LOTA 13 $475,000 -1.0% $474,250 6.6% 20.8%
BROOKFIELD 6 N/A N/A $800,000 N/A 32.1% LUTWYCHE 2 N/A N/A $585,000 1.3% 48.9%
BULIMBA ~ 19 $770,000 -16.5% $840,000 -6.7% 25.4% MACGREGOR 9 N/A N/A $513,000 7.4% 33.2%
CALAMVALE 47 $522,000 4.6% $494,950 3.1% 41.6% MANLY ~ 17 $737,500 17.5% $657,000 15.9% 26.3%
CAMP HILL 42 $677,500 9.1% $600,000 0.8% 41.2% MANLY WEST 37 $480,000 -5.9% $485,000 7.8% 34.7%
CANNON HILL 22 $529,500 -3.9% $515,000 5.5% 33.9% MANSFIELD 22 $513,000 -1.3% $499,990 12.4% 47.1%
CARINA 25 $527,500 -1.7% $480,000 5.5% 40.1% MCDOWALL 28 $577,500 9.4% $540,000 9.8% 38.5%
CARINA HEIGHTS 18 $509,500 -3.8% $520,000 12.4% 37.7% MIDDLE PARK 11 $580,000 8.4% $518,000 5.9% 43.9%
CARINDALE 46 $705,000 4.4% $680,000 7.9% 43.5% MITCHELTON 27 $520,000 3.0% $505,000 9.2% 51.2%
CARSELDINE 24 $564,000 10.8% $515,000 8.3% 36.1% MOGGILL 18 $517,500 9.1% $467,500 0.5% 30.8%
CHAPEL HILL 30 $665,000 2.3% $631,000 6.1% 40.2% MOOROOKA 27 $510,000 4.6% $480,000 4.3% 41.2%
CHELMER 12 $810,000 -9.0% $890,000 16.0% 27.1% MORNINGSIDE 37 $593,000 11.5% $578,500 13.5% 45.4%
CHERMSIDE 15 $465,000 3.3% $455,500 2.4% 43.2% MOUNT CROSBY ^ 7 $570,000 N/A $543,500 13.2% N/A
CHERMSIDE WEST 28 $456,500 -5.9% $452,870 5.9% 45.2% MOUNT GRAVATT 5 N/A N/A $487,500 5.0% 49.5%
CLAYFIELD ~ 21 $850,000 -16.7% $855,000 0.6% 37.9% MOUNT GRAVATT EAST 37 $487,500 8.3% $466,000 6.5% 43.4%
COOPERS PLAINS 16 $449,500 4.3% $423,000 4.2% 51.1% MURARRIE 16 $540,000 -3.1% $465,000 -2.1% 43.1%
COORPAROO 36 $683,500 2.2% $640,000 12.8% 48.8% NEW FARM ~ 10 $1,062,500 5.2% $950,000 5.6% 11.8%
CORINDA 9 N/A N/A $572,500 1.3% 41.0% NEWMARKET ~ 11 $595,000 -10.5% $635,500 2.5% 47.8%
DARRA 11 $374,000 N/A $347,500 5.3% 59.4% NORMAN PARK 30 $684,000 6.9% $678,000 -1.4% 58.0%
DEAGON 15 $412,000 1.7% $400,000 11.1% 50.9% NORTHGATE 9 N/A N/A $482,500 1.4% 42.3%
DOOLANDELLA 7 N/A N/A $360,000 1.3% 46.9% NUDGEE 10 $473,750 N/A $472,500 4.3% 65.8%
DREWVALE 15 $485,000 2.3% $471,500 8.4% 38.7% NUNDAH 20 $591,500 1.1% $568,500 10.3% 61.3%
DURACK 18 $365,500 -2.0% $355,000 6.6% 42.4% OXLEY 23 $440,000 -4.3% $440,000 4.5% 49.2%
EAST BRISBANE 12 $700,000 7.7% $662,500 8.3% 32.5% PADDINGTON ~ 25 $1,000,000 32.8% $736,000 1.5% 52.1%
EIGHT MILE PLAINS 29 $590,000 -1.5% $585,000 11.7% 39.3% PARKINSON 43 $498,000 -3.8% $495,000 6.5% 32.0%
ENOGGERA 16 $544,500 1.8% $510,000 -2.4% 43.7% PULLENVALE ^ ~ 4 N/A N/A $923,500 -15.3% 23.1%
EVERTON PARK 30 $482,000 -0.6% $455,000 3.0% 35.8% RED HILL ~ 16 $607,500 -14.0% $680,000 7.5% 53.9%
FAIRFIELD 8 N/A N/A $595,000 1.7% 58.7% RICHLANDS 3 N/A N/A $421,500 N/A N/A
FERNY GROVE 12 $493,650 3.3% $480,000 6.4% 31.5% RIVERHILLS 18 $441,000 N/A $422,500 7.0% 43.7%
FIG TREE POCKET ~ 17 $835,000 18.9% $835,000 38.0% 70.4% ROBERTSON 8 N/A N/A $670,000 4.7% 30.6%
FITZGIBBON 9 N/A N/A $410,000 -1.2% 48.6% ROCKLEA 8 N/A N/A $375,000 8.5% 74.4%
FOREST LAKE 101 $410,000 -1.7% $390,250 4.1% 39.4% RUNCORN 40 $436,500 3.9% $425,000 5.6% 48.1%
GAYTHORNE 7 N/A N/A $575,500 N/A 62.1% SALISBURY 18 $461,500 2.8% $440,000 6.5% 46.7%
GEEBUNG 12 $455,000 2.8% $435,000 8.8% 52.6% SANDGATE 20 $557,500 -0.2% $530,000 11.6% 43.2%
GORDON PARK ~ 6 N/A N/A $570,000 -3.4% 44.3% SEVEN HILLS 10 $582,000 N/A $576,000 7.5% 38.0%
GRACEVILLE 22 $645,000 7.5% $645,000 8.9% 37.2% SEVENTEEN MILE ROCKS ~ 12 $558,250 17.0% $506,000 -10.0% 54.6%
GRANGE ~ 6 N/A N/A $743,000 24.9% 71.2% SHERWOOD 13 $750,000 13.6% $680,000 3.0% 49.5%
GREENSLOPES ~ 20 $623,250 -9.7% $567,750 4.9% 52.9% SHORNCLIFFE 4 N/A N/A $645,000 N/A N/A
Please see page 36 for legend and further notes
Issue 6 - March Quarter 2010 page 5 www.reiq.com.au

6. QUEENSLAND
MAR K E T
MONITOR
BRISBANE CITY
MEDIAN SALES DATA MEDIAN SALES DATA
Suburb/ Number of Mar change 12 mths to change change Suburb/ Number of Mar change 12 mths to change change
Locality Sales Mar Qtr over the end of over over Locality Sales Mar Qtr over the end of over over
Qtr 2010 2010 qtr” Mar 2010 1yr” 5yrs Qtr 2010 2010 qtr” Mar 2010 1yr” 5yrs
HOUSES continued UNITS & TOWNHOUSES continued
SINNAMON PARK ~ 20 $563,250 -10.6% $613,500 7.2% 39.4% EIGHT MILE PLAINS * 34 $377,500 -1.8% $370,000 6.9% 67.9%
SPRING HILL 3 N/A N/A $699,000 N/A 28.3% ELLEN GROVE - N/A N/A $335,000 N/A N/A
ST LUCIA ~ 10 $960,000 -11.5% $955,000 15.1% 32.6% ENOGGERA * 7 N/A N/A $386,250 -3.3% N/A
STAFFORD 13 $462,000 -0.1% $457,000 0.2% 47.4% EVERTON PARK 13 $395,500 7.8% $362,000 4.9% 54.0%
STAFFORD HEIGHTS 25 $480,000 2.1% $460,000 6.7% 46.5% FOREST LAKE 4 N/A N/A $326,500 N/A 26.1%
STRETTON 13 $580,000 N/A $660,000 9.8% 29.7% FORTITUDE VALLEY 26 $391,250 -7.1% $406,000 8.3% 32.1%
SUNNYBANK 24 $514,000 -6.5% $520,000 2.2% 49.0% GAYTHORNE 11 $351,500 4.5% $355,750 N/A 63.4%
SUNNYBANK HILLS ~ 55 $564,000 16.9% $487,500 14.7% 43.2% GORDON PARK 7 N/A N/A $362,000 8.1% 58.1%
TAIGUM 13 $453,000 2.7% $451,500 10.4% 34.8% GREENSLOPES 17 $368,000 -3.0% $362,000 1.4% 52.1%
TARINGA 10 $877,500 9.7% $742,000 5.9% 46.9% HAMILTON * ~ 12 $560,000 N/A $460,000 10.7% 5.7%
TARRAGINDI 40 $592,500 0.7% $550,000 10.0% 50.7% HAWTHORNE * 10 $471,250 N/A $432,500 4.2% 54.4%
THE GAP 45 $550,000 -0.4% $530,000 3.9% 38.0% HIGHGATE HILL ~ 9 N/A N/A $392,500 -11.8% 38.9%
TINGALPA 23 $460,000 1.5% $430,000 1.9% 42.3% INDOOROOPILLY ~ * 28 $469,500 -0.6% $457,000 18.9% 41.7%
TOOWONG ~ 14 $725,000 3.6% $665,000 -8.3% 42.2% KANGAROO POINT ~ 54 $460,000 -7.5% $465,000 10.7% 22.4%
UPPER KEDRON 14 $540,000 0.9% $537,000 7.4% 30.2% KEDRON 12 $335,000 0.8% $335,000 2.3% 48.2%
UPPER MOUNT GRAVATT 22 $464,500 -5.8% $459,000 8.0% 49.0% KELVIN GROVE 18 $395,000 -4.5% $435,000 9.0% 26.1%
VIRGINIA 7 N/A N/A $441,753 6.7% 42.5% KURABY 2 N/A N/A $319,880 8.3% 64.0%
WAKERLEY 31 $640,000 4.1% $615,000 5.9% 38.8% LUTWYCHE 10 $362,500 0.4% $361,100 9.4% 46.2%
WAVELL HEIGHTS 35 $523,800 -1.2% $510,250 9.7% 49.6% MACGREGOR 4 N/A N/A $397,000 N/A N/A
WEST END 11 $830,000 N/A $773,500 -0.8% 45.9% MANLY WEST 7 N/A N/A $389,500 -0.1% 64.3%
WESTLAKE 17 $590,000 3.3% $586,000 7.8% 27.4% MCDOWALL 1 N/A N/A $417,825 N/A N/A
WILSTON 12 $807,500 N/A $847,500 18.5% 70.9% MOOROOKA * 10 $375,000 14.0% $350,000 12.2% 59.1%
WINDSOR 12 $695,500 2.3% $650,000 0.0% 58.5% MORNINGSIDE ~ 26 $438,000 10.9% $418,500 -0.9% 46.3%
WISHART 24 $575,000 -0.9% $525,000 7.9% 49.8% MOUNT GRAVATT EAST 9 N/A N/A $364,000 4.3% 42.7%
WOOLLOONGABBA ~ 5 N/A N/A $590,000 -8.5% 63.9% NEW FARM ~ * 50 $470,000 -14.4% $475,000 5.6% 27.3%
WOOLOOWIN ~ 25 $665,000 -10.7% $647,500 0.8% 36.3% NEWMARKET 8 N/A N/A $397,500 -0.4% 30.3%
WYNNUM 38 $520,000 -3.7% $492,500 4.8% 34.9% NEWSTEAD * 33 $490,000 -10.1% $530,000 -0.3% 39.5%
WYNNUM WEST 38 $435,512 1.3% $445,000 1.4% 42.5% NORMAN PARK 13 $455,000 N/A $455,000 N/A 53.8%
YERONGA 18 $653,000 -6.3% $684,000 -2.3% 40.3% NORTHGATE * 6 N/A N/A $395,000 9.7% 71.7%
ZILLMERE 22 $418,500 4.9% $392,500 5.8% 57.0% NUNDAH * 28 $404,500 6.4% $407,500 15.1% 76.8%
OXLEY 4 N/A N/A $358,000 N/A 35.1%
UNITS & TOWNHOUSES PADDINGTON * 20 $427,500 -9.0% $450,500 4.8% 57.2%
BRISBANE (SD) 2,075 $375,000 -1.7% $368,000 5.1% 44.3% RED HILL ~ 5 N/A N/A $355,500 -6.7% 21.9%
BRISBANE CITY (LGA) 1,477 $400,000 0.0% $395,000 5.3% 40.1% RICHLANDS * 7 N/A N/A $325,500 N/A N/A
ALBION ~ 11 $425,000 N/A $417,500 14.4% 49.1% RUNCORN 22 $338,500 -2.0% $338,500 6.8% 53.9%
ALDERLEY ~ 5 N/A N/A $358,000 -2.7% 43.8% SHERWOOD * 8 N/A N/A $450,000 N/A 80.0%
ALGESTER 4 N/A N/A $320,000 4.9% 15.5% SOUTH BRISBANE ~ * 39 $413,500 6.4% $409,750 -3.0% 22.3%
ANNERLEY ~ 18 $326,500 -6.9% $365,000 6.6% 51.5% SPRING HILL 33 $370,000 6.5% $385,000 4.1% 63.8%
ASCOT ~ * 10 $393,500 -15.4% $387,500 -0.4% 40.1% ST LUCIA ~ 22 $466,375 15.7% $445,000 5.7% 58.9%
ASHGROVE 15 $395,000 N/A $402,500 11.0% 43.7% STAFFORD 6 N/A N/A $385,000 8.5% N/A
ASPLEY 7 N/A N/A $370,000 6.5% 45.7% SUNNYBANK 5 N/A N/A $385,000 N/A 45.3%
AUCHENFLOWER 20 $435,500 -0.7% $433,500 5.3% 52.1% SUNNYBANK HILLS ~ 10 $362,000 -13.8% $355,000 9.2% 66.9%
BALMORAL 9 N/A N/A $436,000 4.4% 32.1% TAIGUM * 15 $328,000 -10.4% $356,500 10.7% 62.0%
BARDON * 5 N/A N/A $570,000 N/A 54.8% TARINGA 41 $417,000 -1.3% $410,000 7.9% 51.9%
BOWEN HILLS 12 $424,750 N/A $423,000 2.3% 26.3% TINGALPA 8 N/A N/A $345,000 9.5% 54.4%
BRACKEN RIDGE 5 N/A N/A $349,750 0.0% N/A TOOWONG 31 $450,000 4.5% $435,500 5.3% 50.2%
BRISBANE CITY ~ * 96 $447,500 -1.9% $435,000 -3.3% 14.5% UPPER MOUNT GRAVATT * 9 N/A N/A $365,000 -8.8% 45.4%
BULIMBA ~ * 15 $501,000 1.9% $520,000 19.5% 47.5% WAVELL HEIGHTS 8 N/A N/A $450,000 N/A N/A
CALAMVALE * 15 $354,000 7.3% $349,750 0.0% 69.0% WEST END * 31 $530,000 5.1% $528,000 -1.7% 38.6%
CAMP HILL 6 N/A N/A $370,000 1.4% N/A WINDSOR 10 $361,500 N/A $364,000 7.1% 40.0%
CARINA ~ * 15 $390,000 -9.7% $415,000 13.7% 37.0% WISHART 6 N/A N/A $355,000 1.8% 50.4%
CARINA HEIGHTS * 11 $414,000 -12.8% $442,000 9.7% 53.9% WOOLLOONGABBA ~ * 17 $346,750 -19.4% $420,000 -3.4% 30.0%
CARINDALE * 6 N/A N/A $507,000 10.2% 98.8% WOOLOOWIN 12 $369,000 N/A $358,000 N/A 53.0%
CARSELDINE 6 N/A N/A $360,000 N/A N/A WYNNUM 4 N/A N/A $365,000 3.8% 39.0%
CHERMSIDE 33 $433,000 8.3% $415,000 10.7% 60.2% WYNNUM WEST 9 N/A N/A $320,000 3.2% 56.5%
CLAYFIELD 32 $378,000 3.6% $365,000 4.6% 57.1% YEERONGPILLY 2 N/A N/A $410,750 N/A 55.0%
COORPAROO 49 $395,000 5.3% $372,000 7.2% 55.6% YERONGA ~ 17 $460,000 20.7% $409,000 6.9% 48.7%
CORINDA * 9 N/A N/A $410,000 15.2% N/A ZILLMERE 15 $350,000 -1.4% $355,000 8.9% 62.5%
EAST BRISBANE * 16 $380,000 -10.4% $405,000 11.7% 45.7%
Please see page 36 for legend and further notes
Issue 6 - March Quarter 2010 page 6 www.reiq.com.au

7. QUEENSLAND
MAR K E T
MONITOR
BRISBANE CITY
MEDIAN SALES DATA MEDIAN WEEKLY RENTS
Suburb/ Number of Mar change 12 mths to change change Suburbs/ Mar Qtr 2010 Mar Qtr 2009
Postcode
Locality Sales Mar Qtr over the end of over over Localities Rent New Rent New
Qtr 2010 2010 qtr” Mar 2010 1yr” 5yrs ($) Bonds ($) Bonds
VACANT URBAN LAND 3 BEDROOM HOUSES
BRISBANE (SD) 901 $215,000 0.9% $215,000 5.4% 34.4% North - Outer 360 381 350 376
BRISBANE (SD) ^ ~ * 101 $289,000 -22.9% $297,500 0.0% 48.8% 4013 Northgate 370 18 330 14
BRISBANE CITY (LGA) 175 $332,500 6.7% $285,000 0.0% 34.1% 4014 Banyo/ Nudgee/ Virginia 360 39 365 42
BRISBANE CITY (LGA) ^ 17 $495,000 N/A $630,000 0.0% 48.2% 4017 Bracken Ridge/ Brighton/ Deagon/ Sandgate/ etc. 360 103 345 119
BANYO 1 N/A N/A $251,000 N/A N/A 4018 Fitzgibbon/ Taigum 360 19 350 25
BRIDGEMAN DOWNS 5 $375,000 3.6% $355,000 10.9% 22.4% 4032 Chermside/ Chermside West 360 53 350 54
CALAMVALE * 12 $352,500 5.2% $310,000 20.2% 27.2% 4034 Aspley/ Boondall/ Carseldine/ Geebung/ Zillmere 370 121 350 101
CARSELDINE * 4 N/A N/A $280,000 6.3% N/A 4036 Bald Hills 340 28 340 21
DOOLANDELLA * 5 $225,000 N/A $223,000 -3.0% N/A North West - Inner 445 152 430 157
DREWVALE * 1 N/A N/A $260,000 N/A 40.5% 4059 Kelvin Grove/ Red Hill 460 70 450 70
DURACK * 7 $208,000 N/A $220,000 N/A N/A 4060 Ashgrove 420 44 400 46
EIGHT MILE PLAINS * 7 $349,000 10.4% $322,500 -3.7% 12.8% 4065 Bardon 440 38 405 41
GUMDALE * 2 N/A N/A $323,000 17.5% N/A North West - Outer 375 248 360 238
HEATHWOOD * 6 $247,750 N/A $237,000 -6.7% 63.4% 4053 Everton Park/ McDowall/ Mitchelton/ Stafford/ etc. 370 147 360 153
HENDRA * 5 $445,000 N/A N/A N/A N/A 4054 Arana Hills/ Keperra 365 54 350 42
INALA - N/A N/A $165,000 N/A N/A 4061 The Gap 400 47 370 43
KURABY - N/A N/A $330,000 N/A 34.7% South - Inner 380 454 375 442
MANLY WEST 2 N/A N/A $292,525 1.6% 5.2% 4103 Annerley/ Fairfield 400 51 385 82
MITCHELTON * 1 N/A N/A $330,000 -5.7% N/A 4104 Yeronga 380 19 399 27
MOGGILL * 2 N/A N/A $247,500 0.2% 46.0% 4105 Moorooka/ Tennyson/ Yeerongpilly 370 54 375 45
OXLEY 4 N/A N/A $245,000 N/A N/A 4120 Greenslopes 390 36 420 26
RICHLANDS - N/A N/A $220,000 N/A N/A 4121 Holland Park/ Holland Park West/ Tarragindi 395 121 370 103
STRETTON * 2 N/A N/A $409,000 N/A N/A 4122 Mansfield/ Mt Gravatt/ Wishart/ etc. 365 172 360 156
SUNNYBANK * 3 N/A N/A $419,000 N/A N/A South - Outer 350 294 350 339
SUNNYBANK HILLS 5 $270,000 N/A $287,000 N/A 14.8% 4106 Rocklea 340 6 320 14
TAIGUM * 3 N/A N/A $250,000 N/A 60.3% 4107 Salisbury 360 26 350 29
TINGALPA 3 N/A N/A $298,000 N/A N/A 4108 Archerfield/ Coopers Plains 350 18 350 29
WAKERLEY * 20 $410,000 26.2% $320,000 N/A 39.4% 4109 Macgregor/ Robertson/ Sunnybank/ etc. 370 84 350 98
WYNNUM WEST 1 N/A N/A $269,000 N/A N/A 4110 Acacia Ridge/ Willawong 320 45 310 51
4112 Kuraby 365 13 350 10
4113 Eight Mile Plains/ Runcorn 355 65 350 59
MEDIAN WEEKLY RENTS 4115 Algester/ Parkinson 350 22 340 28
Suburbs/ Mar Qtr 2010 Mar Qtr 2009 4116 Calamvale/ Drewvale/ Stretton 360 15 360 21
Postcode
Localities Rent New Rent New South East - Inner 400 345 400 368
($) Bonds ($) Bonds 4151 Coorparoo 410 51 395 45
3 BEDROOM HOUSES 4152 Camp Hill/ Carina/ Carina Heights/ Carindale 380 123 385 127
BRISBANE CITY COUNCIL AREA 380 3,389 370 3,465 4170 Cannon Hill/ Morningside/ Norman Park/ etc. 400 100 410 110
Bayside 370 140 365 163 4171 Balmoral/ Bulimba/ Hawthorne 450 54 450 65
4178 Lytton/ Wynnum/ Wynnum West 370 88 365 89 4172 Murarrie 380 17 380 21
4179 Lota/ Manly/ Manly West 370 52 365 74 South East - Outer 380 64 365 63
City Inner 465 361 450 372 4153 Belmont 410 15 380 12
4000 Brisbane City/ Spring Hill 475 25 520 29 4154 Gumdale/ Ransome/ Wakerley 430 8 435 11
4005 New Farm 545 15 490 16 4173 Tingalpa 360 32 360 30
4006 Bowen Hills/ Fortitude Valley/ Herston/ Newstead 430 16 440 18 4174 Hemmant 370 5 350 8
4064 Milton/ Paddington 480 76 460 61 South West - Inner 400 192 390 182
4066 Auchenflower/ Toowong 450 63 440 61 4068 Chelmer/ Indooroopilly/ Taringa 420 104 420 98
4067 St Lucia 440 33 460 53 4075 Corinda/ Graceville/ Oxley/ Sherwood 380 88 360 84
4101 Highgate Hill/ South Brisbane/ West End 480 46 470 54 South West - Outer 340 375 330 407
4102 Buranda/ Dutton Park/ Wooloongabba 435 28 400 35 4069 Brookfield/ Chapel Hill/ Fig Tree Pocket/ etc. 400 69 395 63
4169 East Brisbane/ Kangaroo Point 460 59 420 45 4070 Anstead/ Bellbowrie/ Moggill 360 6 340 16
North - Inner 400 383 400 358 4073 Seventeen Mile Rocks/ Sinnamon Park 360 16 370 18
4007 Ascot/ Hamilton 550 20 460 23 4074 Jindalee/ Mt Ommaney/ Sumner/ Westlake/ etc. 360 72 350 78
4010 Albion 390 7 420 9 4076 Darra/ Wacol 320 24 315 28
4011 Clayfield/ Hendra 450 44 469 51 4077 Doolandella/ Durack/ Inala/ Richlands 290 71 285 69
4012 Nundah/ Toombul/ Wavell Heights 375 61 365 55 4078 Ellen Grove/ Forest Lake 330 117 325 135
4030 Lutwyche/ Windsor/ Wooloowin 410 67 420 45
4031 Gordon Park/ Kedron 380 64 380 60
4051 Alderley/ Enogerra/ Newmarket/ Wilston/ etc. 400 118 400 115
Please see page 36 for legend and further notes
Issue 6 - March Quarter 2010 page 7 www.reiq.com.au