Linda Jane Debello          Licencee / Director          L.J. GILLAND REAL ESTATE                            Proud to be a...
QUEENSLAND             MAR K ET             MONITORContents        State-wide Summary.................................. pa...
DEC 10            2524                3491                 2143             229                    DEC 10     606       10...
QUEENSLAND             MAR K ET             MONITORContents        BRIsBAne CItY        Median house and unit prices      ...
BRIsBAne CItY  MEDIAN SALES DATA                                                                                    MEDIAN...
QUEENSLAND             MAR K ET             MONITORContents        BRIsBAne CItY        MEDIAN SALES DATA                 ...
BRIsBAne CItY  MEDIAN SALES DATA                                                                                          ...
QUEENSLAND             MAR K ET             MONITORContents        BRIsBAne CItY        MEDIAN WEEKLY RENTS               ...
<$350,000               <$500,000               <$1m            $1m+                                                      ...
Q  Mssue 9 Mndmbr Iinda Rane Eebello
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Q  Mssue 9 Mndmbr Iinda Rane Eebello
Q  Mssue 9 Mndmbr Iinda Rane Eebello
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Transcript of "Q Mssue 9 Mndmbr Iinda Rane Eebello"

  1. 1. Linda Jane Debello Licencee / Director L.J. GILLAND REAL ESTATE Proud to be a REIQ Individual MemberY O U R S TAT E - W I D E P R O P E R T Y R E S E A R C H G U I D E - S U B U R B B Y S U B U R B MAR K E T QUEENSLAND MONITORIssue 9 www.reiq.com.au Regional Queensland leads the way www.reiq.com.au
  2. 2. QUEENSLAND MAR K ET MONITORContents 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 Gold Coast City..................................... page 13 any of the material (including statistics, advertisements and advertising features) contained in 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 anything done or omitted to be done by any such person in reliance, whether whole or partial, sunshine Coast Regional...................... page 18 upon the whole or any part of the contents of this publication. The publisher, editor or contributors 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 publisher. The publisher has not vetted advertisers and their products/services. The inclusion of 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 any infringement of any third party’s copyright. Copyright: This publication is protected under the Rockhampton Regional......................... page 25 Commonwealth Copyrights Act 1968 and may not, in whole or part, be lent, copied, photocopied, reproduced, translated or reduced to any electronic medium or machine-readable format without 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 28 Cairns Regional...................................... page 30 PUBLISHED: 11 March 2011 other Regional Areas............................ page 32 The Real Estate Institute of Queensland Ltd. Copyright © 2011 Rental Yields................................................... page 36 21 turbo Drive, Coorparoo, Po Box 1555, Coorparoo DC Q 4151 Explanatory Notes........................................ page 37 Ph: (07) 3249 7347 Fax: (07) 3249 6211 email: research@reiq.com.au Research Methodology............................. page 38 DeCeMBeR QUARteR 2010 stAte-WIDe sUMMARY Median house and unit prices First home buyers have also started to tentatively return to the market after sitting on the sidelines for the majority of last year. Over the December quarter of 2010 it was Queensland’s major regional centres that posted the best results, especially those Mackay recorded the top result for median house price growth regions with an association with the resources sector. over the quarter, up 7 per cent to $420,000 on the back of an increase in higher-end sales in the region’s northern beachside Mackay, Toowoomba, Bundaberg and Townsville all recorded suburbs. median price growth and healthy sales numbers over the period while the majority of other centres, including South East According to local agents, sales in the $500,000-plus price Queensland, posted steady results. bracket had been the most predominant over the December quarter. The results show that prior to the flood and cyclone in the first two months of this year, the Queensland property market was holding its ground amidst difficult economic conditions. Since that time however agents in affected areas have reported weaker activity. QUEENSLAND HOUSE SALES While the focus of the recent natural disasters have been in <$350,000 <$500,000 <$1m $1m+ Brisbane, Ipswich, Toowoomba and Far North Queensland, it is important to remember that the vast majority of homes in DEC 10 2524 3491 2143 229 these areas were not affected and that the fundamentals that were in play in Queensland at the end of 2010 remain. SEP 10 2815 3597 2309 224 Across the State it was the second and third tier of home buyers who remained the predominant buyer type over the JUN 10 2730 3787 2639 260 December quarter with many taking advantage of market conditions at the end of 2010 to upgrade their homes. Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 2 www.reiq.com.au
  3. 3. DEC 10 2524 3491 2143 229 DEC 10 606 1053 1072 598 128 SEP 10 2815 3597 2309 224 SEP 10 623 1228 1192 638 121 JUN 10 2730 3787 2639 260 JUN 10 604 1285 1469 733 124 BRIsBAne CItY DeCeMBeR QUARteR 2010 stAte-WIDe sUMMARY QUEENSLAND UNIT SALES QUEENSLAND LAND SALES <$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$350,000 <$500,000 <$1m $1m+ 25 DEC 10 606 1053 1072 598 128 DEC 10 1029 135 54 5 38 SEP 10 623 1228 1192 638 121 SEP 10 1277 216 82 6 43 JUN 10 604 1285 1469 733 124 JUN 10 1422 281 97 9 There were a number of sales to people shifting to Mackay Median land prices for employmentQUEENSLAND LAND majority of these new in the mines with the SALES residents looking for <$350,000in the middle to upper end of the homes It was regional Queensland again that saw strong sales activity <$250,000 <$500,000 <$1m $1m+ market. in the vacant land market, namely Gladstone, Rockhampton, 25 Townsville and Toowoomba – all driven by the resources sector. Buyers10 DEC 1029 135 54 particularly South have been coming from overseas – 5 Increased sales in this market ensures that supply will keep up Africa – and from in Brisbane and interstate, who are interested 38 with demand in these areas, helping to keep a lid on property in larger, well-located properties. SEP 10 1277 216 82 6 prices. The next best performer was Toowoomba with a median 43 In South East Queensland the continued sales in new house 10 JUN price increase of 6.4 per cent to $307,500, 281 1422 partly due9to 97 residential subdivisions helped a number of regions post the strength of the resources sector in the neighbouring Surat strong increases in median prices over the quarter. With Basin, and an increase in the number of $500,000-plus sales to attractive lifestyle features such as golf or water-frontage, up-grader buyers over the period. coupled with limited supply of land in SEQ, many of these The worst flood-affected properties in Toowoomba itself were lots are selling at premium prices. The Gold Coast and Logan mainly located in the commercial precinct, but residents in the City lead the way, posting increases of 20.8 and 12.7 per cent region remain traumatised from the flash flood that hit their respectively over the December quarter. city. Given the flooding also affected the mining industry, it is Median rents likely that it will take two to three months before that sector’s Mackay posted the top median rent increases for both three- production levels are back to where they were last year. bedroom houses and two-bedroom units over the quarter. The median rent for a three-bedroom house increased $20 to The third top performer was Bundaberg, which posted a $390 per week; while the median rent for a two-bedroom unit median house price increased of 4.9 per cent to $285,250 over was up $15 to $295 per week. the quarter. Robust demand for rental properties continues to be recorded According to local agents, the region’s popularity with lifestyle in the Mackay region, especially given the influx of new buyers is continuing to underpin its performance. Many people residents for work opportunities in the mines. continue to migrate to the region - especially from southern states - in search of its lifestyle and agreeable climate, plus Across Queensland, increased demand for rental Bundaberg, according to one agent, has the “bread and butter accommodation in flood affected areasis likely to result in a property prices of Queensland”. significant tightening in residential vacancy rates for the March quarter however this is likely to ease in the months ahead. The top performing region for median unit and townhouse price growth over the quarter was the Redlands, which posted a 7.7 per cent increase to $350,000. This result, however, can mainly be attributed to the sale of stock in a new waterfront development in Cleveland over the period. Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 3 www.reiq.com.au
  4. 4. QUEENSLAND MAR K ET MONITORContents BRIsBAne CItY Median house and unit prices Prior to the floods in January, Brisbane’s market was holding its ground with a stable volume of sales and solid prices however BRISBANE CITY HOUSE SALES the impact of the flood may take some months to be fully <$350,000 <$500,000 <$1m $1m+ understood. 121 DEC 10 799 1064 147 DEC 1 Brisbane’s median house price decreased 1.2 per cent to 137 $525,000 over the December quarter. SEP 10 780 1177 124 SEP 1 The prestige market was the top performer for the December 141 quarter with 147 million-plus house sales, up from 124 during JUN 10 881 1373 141 JUN 1 the September quarter. There was a marked softening in prices for prestige properties in 2010 which may have underpinned this increased number of sales as buyers took advantage of any perceived opportunities. BRISBANE SURROUNDS HOUSE SALES Suburbs to lead the charge by recording seven sales in excess BRISBANE CITY UNIT SALES <$350,000 <$500,000 <$1m $1m+ <$250,000 <$350,000 <$500,000 <$1m $1m+ of $1 million included Wooloowin, St Lucia and Clayfield. DEC 10 34 718 885 291 20 DEC 1 While it was the more affordable properties in Wooloowin that DEC 10 260 511 239 46 DEC stole the limelight during the September quarter, the increase 41 in million-plus sales this quarter resulted in its median being SEP 10 815 1009 328 16 SEP 1 SEP 10 265 628 270 37 SEP skewed upwards by 92.3 per cent due to this varying quality of stock sold between the two periods. 44 JUN 10 775 1111 424 14 JUN 1 JUN 10 254 684 282 47 JUN Since the flood, agents are reporting that sellers of properties INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL in affected areas have mostly withdrawn their properties from the market even if the properties were not directly affected. GOLD COAST HOUSE SALES As the vast majority of homes in Brisbane were not affected by BRISBANE SURROUNDS UNIT SALES <$350,000 <$500,000 <$1m $1m+ the floods it is hoped that the fundamentals that were in play <$250,000 BRISBANE CITY<$500,000 SALES <$350,000 LAND <$1m $1m+ 20 at the end of 2010 remain, and that the Brisbane market will <$250,000 376 <$350,000 <$500,000 $500,000+ DEC 10 318 37 DEC 1 begin to turnaround by the second half of this year. DEC 10 2498 172 79 31 4 DEC The median unit and townhouse in Brisbane decreased 1.8 per DEC 10 14 27 29 12 SEP 10 433 332 49 SEP 1 cent to $400,500 over the December quarter. Preliminary sales 20113 SEP 10 231 71 38 SEP numbers were down about 15 per cent over the quarter. SEP 10 38 54 34 15 JUN 10 417 364 54 JUN 1 Solid performers over the quarter included Bulimba, up 7.7 per JUN 10 102 224 110 45 0 JUN cent to $552,250; Chermside, up 8.1 per cent to $415,000; and JUN 10 54 49 36 15 Spring Hill up 10.9 per cent to $391,063. INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL SUNSHINE COAST HOUSE SALES Vacant land prices GOLD COAST UNIT SALES $1m+ <$350,000 <$500,000 <$1m The number of vacant land sales continues to ease in the Median rents BRISBANE SURROUNDS LAND SALES $1m+ <$250,000 49 <$350,000 <$500,000 <$1m 15 Brisbane City LGA, as the scarcity of land becomes more and DEC 10 <$250,000 <$350,000 <$500,000 Brisbane The median rent for a three-bedroom house 307 178 in $500,000+ DEC 1 more apparent. Only eight suburbs recorded sufficient sales increased 68 DEC 10 $5 to $380 per week between December 2010 and 116 291 269 178 61 26 DEC numbers over the 2010 calender year and the city’s median DEC 10 December 2009. The 277 76 17 14 median rent for a two-bedroom unit is SEP 10 322 189 SEP 1 rank’s it as the most expensive in South East Queensland. also up 10 to $365 per week over the same period. SEP $5 104 374 282 191 50 SEP 46 40 Heathwood, located about 20km south of the Brisbane CBD SEP 10 JUN 10 showing signs of starting to12 8 Brisbane’s rental market was 436 348 77 226 JUN 1 recorded an increase in sales activity due to the sales in the tighten 10 123 JUN throughout the December quarter. Since the floods, 428 405 258 46 JUN new Stockland estate, Parkwood. Located near Forest Lake, the however, demand in affected areas has been particularly acute. JUN 10 417 96 27 3 estate has good access to the Logan Motorway, making an Outside of these areas, agents have been reporting that rental easy commute to the city and Gold Coast. stock in still available, albeit atBAY REGIONALnumbers given the first INCLUDES REDLAND, LOGAN, IPSWICH & MORETON lower two months of the year are historically the busiest time for Sales also continue to tick over in the Urban Land SUNSHINE COAST UNIT SALES Brisbane’s rental market. COAST LAND SALES GOLD Development Authority’s estate in Fitzgibbon. The estate <$250,000 <$350,000 <$500,000 <$1m $1m+ is on one of a number of government initiatives to provide <$250,000 <$350,000 <$500,000 $500,000+ affordable housing in SEQ, where land prices start from DEC 10 58 125 102 84 15 DEC $150,000. DEC 10 20 11 7 16 SEP 10 46 140 99 77 24 SEP SEP 10 52 25 16 Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 4 www.reiq.com.au
  5. 5. BRIsBAne CItY MEDIAN SALES DATA MEDIAN SALES DATA Suburb/ Number of Dec change 12 mths to change change Suburb/ Number of Dec change 12 mths to change change Locality Sales Dec Qtr over the end of over over Locality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs Qtr 2010 2010 qtr Dec 2010 1yr 5yrs HOUSES HOUSES continued BRISBANE (SD) 4,045 $450,000 0.6% $459,000 8.0% 45.7% HAWTHORNE ~ 13 $759,000 -7.4% $837,000 14.3% 40.1% BRISBANE (SD) ^ 296 $550,000 -6.8% $590,000 7.3% 36.4% HEMMANT 10 $408,750 N/A $430,000 3.3% 43.8% BRISBANE CITY (LGA) 2,131 $525,000 -1.2% $540,000 9.9% 47.9% HENDRA ~ * 11 $920,000 6.5% $800,000 9.4% 69.4% BRISBANE CITY (LGA) ^ ~ 41 $875,000 -19.5% $1,100,000 25.6% 52.8% HERSTON 4 N/A N/A $675,000 N/A 48.4% ACACIA RIDGE 17 $320,000 0.8% $333,500 0.8% 42.8% HIGHGATE HILL 7 N/A N/A $813,500 13.2% 39.7% ALDERLEY 9 N/A N/A $617,500 2.9% 50.6% HOLLAND PARK 26 $525,250 1.0% $547,500 10.6% 52.1% ALGESTER 20 $425,000 6.9% $423,000 6.9% 45.9% HOLLAND PARK WEST ~ 18 $522,500 -6.7% $550,000 6.1% 57.6% ANNERLEY ~ 15 $619,000 11.6% $600,000 13.3% 54.0% INALA 30 $298,000 -2.0% $295,000 1.4% 55.3% ASCOT ~ 11 $1,100,000 N/A $1,280,000 30.6% 45.5% INDOOROOPILLY ~ 18 $802,500 33.8% $715,000 12.2% 37.5% ASHGROVE ~ 31 $735,000 -8.0% $695,000 10.9% 57.6% JAMBOREE HEIGHTS 9 N/A N/A $432,000 1.9% 46.2% ASPLEY 30 $462,500 0.3% $465,000 0.4% 38.8% JINDALEE 12 $487,000 0.6% $500,000 10.0% 48.8% AUCHENFLOWER 7 N/A N/A $754,750 -1.5% 39.8% KEDRON 22 $526,250 -3.6% $548,175 14.2% 58.7% BALD HILLS 20 $399,500 1.1% $390,000 -2.7% 46.5% KELVIN GROVE 5 N/A N/A $633,500 3.9% 42.0% BALMORAL 8 N/A N/A $800,000 13.9% 65.6% KENMORE ~ 29 $510,000 -9.7% $560,000 11.4% 45.5% BANYO 15 $431,000 4.5% $430,000 7.5% 55.0% KEPERRA 15 $430,000 -4.7% $437,000 2.8% 50.7% BARDON ~ 21 $772,000 10.3% $773,500 11.1% 55.0% KURABY 16 $539,000 N/A $536,000 8.3% 38.3% BELLBOWRIE ~ 11 $457,500 -13.4% $472,500 3.8% 38.6% LOTA 6 N/A N/A $472,000 1.9% 30.7% BELMONT 4 N/A N/A $610,000 8.0% 60.5% MACGREGOR 9 N/A N/A $540,000 9.5% 41.2% BOONDALL 26 $422,500 0.7% $425,000 2.4% 35.9% MACKENZIE 6 N/A N/A $623,500 N/A 31.3% BRACKEN RIDGE 30 $380,500 -7.2% $418,000 2.0% 36.2% MANLY ~ 12 $500,000 N/A $700,000 19.7% 49.6% BRIDGEMAN DOWNS 11 $687,000 2.2% $665,250 -1.4% 27.9% MANLY WEST ~ 18 $557,500 15.7% $500,000 5.3% 40.8% BRIGHTON 25 $396,000 -0.5% $410,000 5.1% 43.9% MANSFIELD 18 $514,500 2.9% $510,000 9.1% 52.2% BULIMBA ~ 10 $997,250 14.6% $875,000 6.4% 26.8% MCDOWALL ~ 13 $525,000 -13.2% $576,250 10.6% 41.8% CALAMVALE ~ 30 $488,950 -10.3% $520,000 7.2% 43.6% MIDDLE PARK 5 N/A N/A $540,000 9.8% 44.4% CAMP HILL ~ 30 $682,500 -3.6% $670,000 16.5% 54.0% MITCHELTON ~ 20 $515,000 -5.5% $542,000 9.8% 67.8% CANNON HILL ~ 10 $495,000 -13.5% $570,000 14.0% 51.2% MOGGILL 5 N/A N/A $483,500 3.2% 30.7% CARINA 16 $510,000 -4.7% $520,000 9.5% 48.6% MOOROOKA 34 $487,500 -0.1% $500,000 7.7% 47.1% CARINA HEIGHTS 8 N/A N/A $518,500 3.8% 44.4% MORNINGSIDE ~ 22 $540,000 -12.7% $619,000 13.9% 58.7% CARINDALE 36 $679,250 2.0% $697,500 7.3% 39.7% MOUNT CROSBY ^ 6 N/A N/A $570,000 6.5% 48.1% CARSELDINE 15 $510,000 N/A $540,500 12.3% 48.1% MOUNT GRAVATT 7 N/A N/A $492,000 2.5% 52.6% CHAPEL HILL 19 $690,000 6.2% $680,000 9.7% 49.4% MOUNT GRAVATT EAST 29 $465,000 -2.1% $485,000 8.5% 44.3% CHELMER 8 N/A N/A $830,000 -3.5% 51.3% MURARRIE 9 N/A N/A $495,000 8.3% 48.9% CHERMSIDE 11 $420,000 N/A $465,000 3.7% 42.4% NEW FARM 5 N/A N/A $1,025,000 13.9% 28.1% CHERMSIDE WEST 15 $465,000 -4.1% $465,000 6.4% 47.6% NEWMARKET 9 N/A N/A $715,000 13.0% 67.3% CLAYFIELD ~ 17 $900,000 12.5% $935,000 12.7% 50.8% NORMAN PARK ~ 13 $750,000 9.5% $697,500 8.6% 59.9% COOPERS PLAINS 9 N/A N/A $440,500 7.4% 61.7% NORTHGATE 6 N/A N/A $462,500 -11.1% 33.1% COORPAROO 26 $675,500 9.0% $670,000 9.4% 46.0% NUDGEE 8 N/A N/A $475,000 1.1% 58.3% CORINDA 11 $525,000 N/A $590,000 0.0% 48.6% NUNDAH ~ 15 $555,000 -7.5% $585,000 8.3% 58.1% DARRA 5 N/A N/A $355,000 2.2% 47.9% OXLEY 17 $454,000 6.8% $452,000 6.4% 52.7% DEAGON 2 N/A N/A $430,000 13.2% 56.9% PADDINGTON ~ 19 $700,000 -18.1% $810,000 16.5% 58.2% DOOLANDELLA * 14 $455,000 N/A $431,000 20.6% 64.8% PARKINSON ~ 34 $510,253 2.1% $527,000 8.2% 40.5% DREWVALE 4 N/A N/A $487,500 6.8% 39.3% PULLENVALE ^ ~ 5 N/A N/A $1,112,500 21.1% 43.5% DURACK 7 N/A N/A $374,500 9.8% 49.8% RED HILL 12 $728,000 8.6% $683,500 0.5% 36.7% EAST BRISBANE 13 $620,000 -3.9% $690,000 10.0% 56.8% RIVERHILLS 10 $457,500 8.9% $439,500 5.9% 48.4% EIGHT MILE PLAINS 21 $550,000 5.7% $610,000 6.5% 48.8% ROBERTSON 7 N/A N/A $685,000 9.6% 34.5% ENOGGERA ~ * 15 $595,000 -5.6% $586,000 14.3% 53.8% ROCKLEA 6 N/A N/A $360,000 -2.2% 57.2% EVERTON PARK ~ 18 $523,500 16.6% $502,000 11.6% 51.9% RUNCORN 26 $439,500 4.3% $435,000 3.6% 47.5% FAIRFIELD 6 N/A N/A $585,000 0.0% 46.3% SALISBURY 11 $453,000 0.7% $455,000 5.8% 46.8% FERNY GROVE ~ 13 $449,000 -7.4% $500,000 4.2% 37.9% SANDGATE 11 $514,000 N/A $522,000 4.4% 39.6% FIG TREE POCKET 7 N/A N/A $785,000 3.3% 68.8% SEVEN HILLS 1 N/A N/A $610,000 5.2% 52.0% FITZGIBBON 4 N/A N/A $427,000 2.9% 44.7% SEVENTEEN MILE ROCKS ~ 8 N/A N/A $550,750 16.7% 43.2% FOREST LAKE 83 $387,000 1.8% $400,000 5.3% 42.9% SHERWOOD 9 N/A N/A $734,000 12.9% 59.6% GAYTHORNE 4 N/A N/A $515,000 -4.3% 41.1% SHORNCLIFFE 8 N/A N/A $650,000 0.0% 61.5% GEEBUNG ~ 10 $416,750 -9.2% $455,000 7.1% 54.2% SINNAMON PARK 9 N/A N/A $621,000 8.0% 55.3% GORDON PARK 3 N/A N/A $585,000 2.6% 32.1% SPRING HILL 2 N/A N/A $812,500 N/A 49.1% GRACEVILLE ~ 21 $720,000 15.0% $719,000 15.0% 53.0% ST LUCIA ~ 10 $1,047,500 21.1% $1,067,500 22.0% 58.6% GRANGE 17 $730,000 N/A $650,000 -5.8% 50.3% STAFFORD ~ 15 $489,000 -11.1% $489,000 8.2% 60.3% GREENSLOPES ~ 14 $550,000 -7.0% $591,000 7.5% 43.7% STAFFORD HEIGHTS 14 $442,500 -4.8% $466,500 3.9% 45.8% HAMILTON ~ 6 N/A N/A $1,190,000 16.1% 55.6% STRETTON 8 N/A N/A $627,500 -4.2% 33.5% Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 5 www.reiq.com.au
  6. 6. QUEENSLAND MAR K ET MONITORContents BRIsBAne CItY MEDIAN SALES DATA MEDIAN SALES DATA Suburb/ Number of Dec change 12 mths to change change Suburb/ Number of Dec change 12 mths to change change Locality Sales Dec Qtr over the end of over over Locality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs Qtr 2010 2010 qtr Dec 2010 1yr 5yrs HOUSES continued UNITS & TOWNHOUSES continued SUNNYBANK 17 $566,000 4.8% $530,000 4.7% 39.8% GORDON PARK 6 N/A N/A $354,000 3.0% 50.6% SUNNYBANK HILLS 40 $490,750 1.2% $500,000 11.1% 47.8% GREENSLOPES 14 $351,000 -2.5% $370,000 1.4% 38.3% TAIGUM 9 N/A N/A $453,000 5.3% 38.1% HAMILTON ~ * f 14 $444,250 1.0% $500,000 19.2% 30.6% TARINGA ~ 12 $567,500 -16.5% $750,000 7.0% 38.1% HAWTHORNE 7 N/A N/A $425,250 0.2% 35.4% TARRAGINDI ~ 23 $550,000 -8.6% $589,000 10.1% 55.0% HIGHGATE HILL 10 $412,500 N/A $456,000 10.9% 47.1% THE GAP ~ 37 $510,000 -8.9% $560,000 8.0% 45.4% HOLLAND PARK WEST ~ * 4 N/A N/A $359,000 N/A 41.6% TINGALPA 26 $430,000 4.1% $432,000 0.9% 45.0% INDOOROOPILLY 15 $460,000 2.4% $465,000 6.9% 40.1% TOOWONG 17 $700,000 N/A $712,500 13.1% 51.6% KANGAROO POINT * f 32 $408,000 -25.8% $505,000 12.2% 36.5% UPPER KEDRON 9 N/A N/A $540,000 0.9% 31.0% KEDRON 9 N/A N/A $340,750 5.7% 40.2% UPPER MOUNT GRAVATT ~ 21 $436,000 -6.6% $467,000 3.8% 50.6% KELVIN GROVE * 8 N/A N/A $415,000 -2.4% 33.9% VIRGINIA 9 N/A N/A $452,500 6.5% 47.2% LUTWYCHE 6 N/A N/A $390,000 10.6% 56.0% WAKERLEY 28 $614,000 4.1% $630,000 8.6% 42.6% MOOROOKA * 11 $364,000 -13.3% $420,000 27.3% 78.7% WAVELL HEIGHTS 39 $540,000 -2.2% $540,000 10.2% 56.5% MORNINGSIDE ~ * 27 $432,500 -0.3% $450,000 7.4% 46.3% WEST END 5 N/A N/A $810,000 11.7% 66.2% MOUNT GRAVATT EAST 6 N/A N/A $384,250 7.6% 34.8% WESTLAKE ~ 14 $635,000 -7.6% $630,500 9.7% 46.6% NEW FARM ~ f * 48 $531,500 4.2% $525,000 14.1% 34.6% WILSTON 5 N/A N/A $862,500 12.0% 55.0% NEWMARKET 3 N/A N/A $427,000 2.6% 40.7% WINDSOR ~ 15 $735,000 26.7% $686,500 14.4% 74.0% NEWSTEAD 4 f 7 N/A N/A $505,000 -1.9% 26.3% WISHART ~ 10 $492,500 -15.4% $559,000 12.9% 51.1% NORMAN PARK 6 N/A N/A $478,000 2.1% N/A WOOLLOONGABBA ~ 8 N/A N/A $669,000 20.5% 76.5% NORTHGATE * 12 $386,250 12.0% $360,000 -12.2% 60.4% WOOLOOWIN ~ 13 $1,150,000 92.3% $725,000 16.0% 60.8% NUNDAH * 23 $360,000 5.9% $369,000 -11.1% 53.8% WYNNUM 42 $502,500 0.2% $531,000 11.8% 44.5% PADDINGTON ~ 13 $407,500 N/A $420,000 -5.4% 35.5% WYNNUM WEST 26 $427,750 -3.9% $440,000 0.0% 40.8% RICHLANDS * 2 N/A N/A $342,000 N/A N/A YERONGA 13 $670,000 N/A $665,000 -2.9% 35.6% RUNCORN 15 $328,000 0.9% $334,000 0.6% 45.2% ZILLMERE 17 $384,000 -4.5% $404,000 6.9% 60.3% SHERWOOD * 7 N/A N/A $416,000 -2.7% 21.6% SOUTH BRISBANE f 18 $472,500 2.3% $445,000 11.5% 18.7% UNITS & TOWNHOUSES SPRING HILL ~ 32 $391,063 10.9% $390,000 0.0% 43.7% BRISBANE (SD) 1,474 $380,000 1.3% $379,950 5.0% 41.2% ST LUCIA ~ * 26 $447,065 5.2% $440,000 -1.9% 41.9% BRISBANE CITY (LGA) 1,090 $400,500 -1.8% $407,000 5.3% 38.3% STAFFORD * 7 N/A N/A $398,000 10.8% N/A ALBION 1 N/A N/A $416,000 5.3% 37.3% SUNNYBANK HILLS 6 N/A N/A $370,500 5.1% 62.0% ALDERLEY * 10 $342,500 N/A $357,000 -2.9% 38.8% TAIGUM 13 $345,000 -2.0% $350,750 1.8% 17.9% ALGESTER * 5 N/A N/A $347,000 8.4% 24.4% TARINGA 20 $427,500 -2.8% $426,750 6.8% 47.2% ANNERLEY ~ * 20 $377,500 -8.4% $368,000 2.2% 57.6% TENERIFFE * f 23 $540,000 -7.3% $550,000 3.4% 44.0% ASCOT ~ 11 $438,000 11.9% $403,000 4.0% 34.1% TINGALPA 6 N/A N/A $355,000 3.0% 54.7% ASHGROVE 8 N/A N/A $395,000 -0.4% 31.0% TOOWONG 23 $407,000 -4.3% $435,500 4.9% 52.8% ASPLEY 9 N/A N/A $375,000 4.2% 45.5% UPPER MOUNT GRAVATT 4 N/A N/A $392,000 4.1% 51.9% AUCHENFLOWER 18 $447,500 4.1% $430,000 0.0% 22.7% WAKERLEY * 10 $415,500 N/A $425,000 N/A N/A BALMORAL ~ 3 N/A N/A $499,999 17.6% 60.0% WEST END * 18 $520,000 -3.0% $530,000 4.1% 43.2% BARDON * 6 N/A N/A $622,500 17.4% 76.1% WILSTON ~ 4 N/A N/A $436,500 12.8% 57.9% BOWEN HILLS 9 N/A N/A $420,000 0.4% 25.4% WINDSOR 4 N/A N/A $366,000 4.9% 40.8% BRACKEN RIDGE * 13 $357,000 0.0% $355,000 1.5% N/A WISHART 6 N/A N/A $361,000 2.4% 21.1% BRIDGEMAN DOWNS * 1 N/A N/A $369,750 N/A N/A WOOLLOONGABBA * 12 $402,500 -6.9% $416,500 -0.8% 41.2% BRISBANE CITY * f 76 $485,000 -4.9% $460,000 8.6% 19.5% WOOLOOWIN 6 N/A N/A $350,000 3.2% 50.9% BULIMBA * 14 $552,250 7.7% $509,500 0.3% 29.0% WYNNUM 4 N/A N/A $390,000 8.3% 30.4% CALAMVALE 11 $335,000 -3.5% $355,000 1.4% 67.5% WYNNUM WEST 5 N/A N/A $338,000 7.3% 56.1% CARINA 7 N/A N/A $430,000 3.6% 30.3% YERONGA 11 $420,000 -3.8% $420,000 6.3% 44.8% CARINA HEIGHTS 7 N/A N/A $462,500 3.4% 54.7% ZILLMERE 8 N/A N/A $370,000 5.9% 75.8% CARINDALE ~ * 6 N/A N/A $506,500 -1.7% N/A CAROLE PARK * 3 N/A N/A $330,000 N/A N/A CHERMSIDE 17 $415,000 8.1% $426,250 4.6% 45.0% CLAYFIELD 25 $338,500 -4.6% $360,000 0.6% 45.5% COORPAROO ~ 30 $365,500 -5.1% $380,000 4.9% 54.8% CORINDA * f 3 N/A N/A $419,500 2.3% 80.8% DOOLANDELLA * 1 N/A N/A $336,500 N/A N/A EAST BRISBANE * 9 N/A N/A $440,000 12.1% 61.4% EIGHT MILE PLAINS 7 N/A N/A $377,000 2.3% 53.9% ENOGGERA 5 N/A N/A $398,000 1.8% N/A EVERTON PARK * 9 N/A N/A $395,000 12.1% 58.0% FORTITUDE VALLEY ~ 33 $375,500 -4.9% $400,000 -0.6% 22.1% GAYTHORNE * 8 N/A N/A $380,000 11.1% 65.8% Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 6 www.reiq.com.au
  7. 7. BRIsBAne CItY MEDIAN SALES DATA MEDIAN WEEKLY RENTS Suburb/ Number of Dec change 12 mths to change change Suburbs/ Dec Qtr 2010 Dec Qtr 2009 Postcode Locality Sales Dec Qtr over the end of over over Localities Rent New Rent New Qtr 2010 2010 qtr Dec 2010 1yr 5yrs ($) Bonds ($) Bonds VACANT URBAN LAND 3 BEDROOM HOUSES continued BRISBANE (SD) 414 $209,750 4.9% $205,000 -4.7% 20.6% South - Inner $380 335 $375 368 BRISBANE (SD) ^ 52 $362,750 23.0% $310,000 5.1% 34.8% 4103 Annerley/ Fairfield $400 40 $400 39 BRISBANE CITY (LGA) * 74 $332,500 5.6% $312,000 11.4% 41.8% 4104 Yeronga $420 16 $420 16 BRISBANE CITY (LGA) ^ ~ 8 N/A N/A $661,250 43.8% -21.3% 4105 Moorooka/ Tennyson/ Yeerongpilly $360 37 $375 48 CALAMVALE * 7 $320,000 -6.4% $345,000 17.7% 60.5% 4120 Greenslopes $400 24 $400 32 DOOLANDELLA ~ * 7 $245,000 5.6% $232,500 4.7% N/A 4121 Holland Park/ Holland Park West/ Tarragindi $380 73 $380 84 DURACK * 0 N/A N/A $210,000 N/A N/A 4122 Mansfield/ Mt Gravatt/ Wishart/ etc. $370 145 $360 149 EIGHT MILE PLAINS * 2 N/A N/A $356,000 13.0% 24.9% South - Outer $350 307 $350 267 FITZGIBBON * G 8 $235,950 0.4% $224,950 N/A N/A 4106 Rocklea $350 13 $350 9 HEATHWOOD * 11 $275,000 N/A $239,000 0.4% 50.3% 4107 Salisbury $360 23 $350 25 UPPER KEDRON * 1 N/A N/A $295,000 N/A 31.1% 4108 Archerfield/ Coopers Plains $330 19 $350 19 WAKERLEY * 4 N/A N/A $346,250 23.7% 38.5% 4109 Macgregor/ Robertson/ Sunnybank/ etc. $360 93 $350 90 4110 Acacia Ridge/ Willawong $320 42 $330 23 4112 Kuraby $320 20 $350 8 4113 Eight Mile Plains/ Runcorn $350 68 $360 57 MEDIAN WEEKLY RENTS 4115 Algester/ Parkinson $360 13 $355 17 Suburbs/ Dec Qtr 2010 Dec Qtr 2009 4116 Calamvale/ Drewvale/ Stretton $370 16 $370 19 Postcode Localities Rent New Rent New South East - Inner $420 293 $400 332 ($) Bonds ($) Bonds 4151 Coorparoo $425 46 $395 33 3 BEDROOM HOUSES 4152 Camp Hill/ Carina/ Carina Heights/ Carindale $400 108 $380 144 BRISBANE CITY COUNCIL AREA $380 2,787 $370 2,792 4170 Cannon Hill/ Morningside/ Norman Park/ etc. $420 94 $420 99 Bayside $370 151 $360 145 4171 Balmoral/ Bulimba/ Hawthorne $470 34 $440 39 4178 Lytton/ Wynnum/ Wynnum West $370 90 $360 90 4172 Murarrie $400 11 $380 17 4179 Lota/ Manly/ Manly West $375 61 $380 55 South East - Outer $395 49 $375 48 City Inner $470 234 $445 215 4153 Belmont $395 9 $365 8 4000 Brisbane City/ Spring Hill $495 24 $500 14 4154 Gumdale/ Ransome/ Wakerley $450 10 $440 5 4005 New Farm $540 17 $525 19 4173 Tingalpa $365 17 $370 26 4006 Bowen Hills/ Fortitude Valley/ Herston/ Newstead $470 9 $450 10 4174 Hemmant $355 10 $330 6 4064 Milton/ Paddington $450 45 $450 36 South West - Inner $400 106 $380 138 4066 Auchenflower/ Toowong $460 39 $400 35 4068 Chelmer/ Indooroopilly/ Taringa $430 37 $395 60 4067 St Lucia $465 10 n.a. 4 4075 Corinda/ Graceville/ Oxley/ Sherwood $390 69 $370 78 4101 Highgate Hill/ South Brisbane/ West End $500 35 $450 37 South West - Outer $345 325 $330 317 4102 Buranda/ Dutton Park/ Wooloongabba $420 24 $380 32 4069 Brookfield/ Chapel Hill/ Fig Tree Pocket/ etc. $410 50 $395 42 4169 East Brisbane/ Kangaroo Point $440 31 $450 28 4070 Anstead/ Bellbowrie/ Moggill $310 6 $350 10 North - Inner $400 323 $400 295 4073 Seventeen Mile Rocks/ Sinnamon Park $390 15 $380 12 4007 Ascot/ Hamilton $510 25 $465 20 4074 Jindalee/ Mt Ommaney/ Sumner/ Westlake/ etc. $360 67 $360 62 4010 Albion $420 15 $400 9 4076 Darra/ Wacol $325 19 $300 24 4011 Clayfield/ Hendra $450 37 $470 38 4077 Doolandella/ Durack/ Inala/ Richlands $300 65 $290 65 4012 Nundah/ Toombul/ Wavell Heights $380 77 $380 75 4078 Ellen Grove/ Forest Lake $335 103 $330 102 4030 Lutwyche/ Windsor/ Wooloowin $450 42 $400 57 4031 Gordon Park/ Kedron $380 53 $390 33 2 BEDROOM FLATS/UNITS 4051 Alderley/ Enogerra/ Newmarket/ Wilston/ etc. $395 72 $395 62 BRISBANE CITY COUNCIL AREA $365 3,824 $355 3,550 North - Outer $360 350 $350 357 Bayside $300 52 $300 50 4013 Northgate $340 21 $350 18 4178 Lytton/ Wynnum/ Wynnum West $305 39 $305 35 4014 Banyo/ Nudgee/ Virginia $360 35 $350 35 4179 Lota/ Manly/ Manly West $300 13 $265 15 4017 Bracken Ridge/ Brighton/ Deagon/ Sandgate/ etc. $360 99 $350 105 City Inner $450 1,603 $440 1,529 4018 Fitzgibbon/ Taigum $370 19 $360 17 4000 Brisbane City/ Spring Hill $575 322 $540 297 4032 Chermside/ Chermside West $360 49 $360 57 4005 New Farm $440 254 $410 183 4034 Aspley/ Boondall/ Carseldine/ Geebung/ Zillmere $350 105 $350 107 4006 Bowen Hills/ Fortitude Valley/ Herston/ Newstead $455 250 $445 286 4036 Bald Hills $350 22 $350 18 4064 Milton/ Paddington $380 49 $360 62 North West - Inner $460 85 $420 92 4066 Auchenflower/ Toowong $360 182 $365 176 4059 Kelvin Grove/ Red Hill $460 39 $450 36 4067 St Lucia $380 77 $370 73 4060 Ashgrove $430 23 $395 30 4101 Highgate Hill/ South Brisbane/ West End $470 254 $450 237 4065 Bardon $460 23 $390 26 4102 Buranda/ Dutton Park/ Wooloongabba $380 29 $400 39 North West - Outer $360 229 $365 218 4169 East Brisbane/ Kangaroo Point $435 186 $425 176 4053 Everton Park/ McDowall/ Mitchelton/ Stafford/ etc. $360 148 $360 128 North - Inner $325 772 $320 649 4054 Arana Hills/ Keperra $360 52 $360 44 4007 Ascot/ Hamilton $350 106 $330 122 4061 The Gap $400 29 $390 46 4010 Albion $350 31 $355 21 Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 7 www.reiq.com.au
  8. 8. QUEENSLAND MAR K ET MONITORContents BRIsBAne CItY MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS Suburbs/ Dec Qtr 2010 Dec Qtr 2009 Suburbs/ Dec Qtr 2010 Dec Qtr 2009 Postcode Postcode Localities Rent New Rent New Localities Rent New Rent New ($) Bonds ($) Bonds ($) Bonds ($) Bonds 2 BEDROOM FLATS/UNITS continued 3 BEDROOM TOWNHOUSES continued 4011 Clayfield/ Hendra $325 161 $320 115 4051 Alderley/ Enogerra/ Newmarket/ Wilston/ etc. $450 23 $415 43 4012 Nundah/ Toombul/ Wavell Heights $335 140 $325 122 North - Outer $360 178 $360 122 4030 Lutwyche/ Windsor/ Wooloowin $310 118 $295 104 4013 Northgate $420 9 $420 8 4031 Gordon Park/ Kedron $315 80 $305 57 4017 Bracken Ridge/ Brighton/ Deagon/ Sandgate/ etc. $350 72 $355 19 4051 Alderley/ Enogerra/ Newmarket/ Wilston/ etc. $320 136 $330 108 4018 Fitzgibbon/ Taigum $360 23 $335 14 North - Outer $325 234 $310 175 4032 Chermside/ Chermside West $400 27 $410 23 4013 Northgate $300 25 $270 17 4034 Aspley/ Boondall/ Carseldine/ Geebung/ Zillmere $360 47 $360 57 4014 Banyo/ Nudgee/ Virginia $320 10 $260 6 North West - Inner $490 11 $430 10 4017 Bracken Ridge/ Brighton/ Deagon/ Sandgate/ etc. $315 27 $300 17 North West - Outer $395 59 $390 39 4018 Fitzgibbon/ Taigum $310 11 $300 6 4053 Everton Park/ McDowall/ Mitchelton/ Stafford/ etc. $400 48 $390 32 4032 Chermside/ Chermside West $350 106 $310 90 4054 Arana Hills/ Keperra $355 8 n.a. 2 4034 Aspley/ Boondall/ Carseldine/ Geebung/ Zillmere $330 54 $300 39 South - Inner $400 135 $385 123 North West - Inner $350 99 $340 125 4103 Annerley/ Fairfield $445 25 $450 15 4059 Kelvin Grove/ Red Hill $350 58 $335 83 4104 Yeronga $440 14 $420 13 4060 Ashgrove $350 38 $350 36 4105 Moorooka/ Tennyson/ Yeerongpilly $395 23 $370 16 North West - Outer $310 61 $300 45 4120 Greenslopes $485 15 $380 6 4053 Everton Park/ McDowall/ Mitchelton/ Stafford/ etc. $310 60 $310 42 4121 Holland Park/ Holland Park West/ Tarragindi $380 8 $390 12 South - Inner $320 400 $310 379 4122 Mansfield/ Mt Gravatt/ Wishart/ etc. $390 50 $385 61 4103 Annerley/ Fairfield $310 95 $310 100 South - Outer $370 326 $375 360 4104 Yeronga $310 36 $320 35 4107 Salisbury $470 8 $465 7 4105 Moorooka/ Tennyson/ Yeerongpilly $320 57 $290 48 4109 Macgregor/ Robertson/ Sunnybank/ etc. $390 53 $380 41 4111 Nathan $265 5 $230 7 4110 Acacia Ridge/ Willawong $320 8 n.a. 3 4120 Greenslopes $320 94 $310 93 4112 Kuraby $350 15 $350 18 4121 Holland Park/ Holland Park West/ Tarragindi $330 32 $300 32 4113 Eight Mile Plains/ Runcorn $380 139 $375 186 4122 Mansfield/ Mt Gravatt/ Wishart/ etc. $340 81 $360 64 4115 Algester/ Parkinson $350 45 $350 33 South - Outer $300 40 $300 45 4116 Calamvale/ Drewvale/ Stretton $365 58 $360 72 4109 Macgregor/ Robertson/ Sunnybank/ etc. $375 23 $385 23 South East - Inner $420 193 $400 177 South East - Inner $340 326 $330 332 4151 Coorparoo $460 11 $435 10 4151 Coorparoo $330 142 $310 134 4152 Camp Hill/ Carina/ Carina Heights/ Carindale $400 105 $390 91 4152 Camp Hill/ Carina/ Carina Heights/ Carindale $340 35 $340 31 4170 Cannon Hill/ Morningside/ Norman Park/ etc. $425 51 $435 49 4170 Cannon Hill/ Morningside/ Norman Park/ etc. $350 78 $345 86 4171 Balmoral/ Bulimba/ Hawthorne $520 14 $445 17 4171 Balmoral/ Bulimba/ Hawthorne $395 71 $375 81 4172 Murarrie $490 12 $465 10 South East - Outer $300 11 $285 8 South East - Outer $385 58 $380 40 4173 Tingalpa $290 9 $285 7 4153 Belmont $410 6 $400 9 South West - Inner $360 197 $350 196 4154 Gumdale/ Ransome/ Wakerley $390 35 $415 13 4068 Chelmer/ Indooroopilly/ Taringa $365 159 $360 145 4173 Tingalpa $365 16 $365 15 4075 Corinda/ Graceville/ Oxley/ Sherwood $320 38 $300 51 South West - Inner $390 65 $360 104 South West - Outer $250 29 $325 17 4068 Chelmer/ Indooroopilly/ Taringa $490 23 $450 17 4076 Darra/ Wacol $153 14 n.a. 1 4075 Corinda/ Graceville/ Oxley/ Sherwood $380 42 $360 87 4078 Ellen Grove/ Forest Lake $330 8 $330 9 South West - Outer $350 125 $350 66 4069 Brookfield/ Chapel Hill/ Fig Tree Pocket/ etc. $410 5 n.a. 2 3 BEDROOM TOWNHOUSES 4073 Seventeen Mile Rocks/ Sinnamon Park $390 20 $380 20 BRISBANE CITY COUNCIL AREA $385 1,376 $380 1,256 4074 Jindalee/ Mt Ommaney/ Sumner/ Westlake/ etc. $450 23 $370 14 Bayside $370 66 $365 77 4077 Doolandella/ Durack/ Inala/ Richlands $345 38 $335 8 4178 Lytton/ Wynnum/ Wynnum West $370 39 $360 35 4078 Ellen Grove/ Forest Lake $325 35 $340 18 4179 Lota/ Manly/ Manly West $370 27 $375 42 City Inner $550 50 $500 30 4005 New Farm $620 8 n.a. 4 4006 Bowen Hills/ Fortitude Valley/ Herston/ Newstead $420 5 n.a. 4 4066 Auchenflower/ Toowong $500 7 n.a. 4 4067 St Lucia $500 7 n.a. 1 4101 Highgate Hill/ South Brisbane/ West End $585 10 $495 5 4169 East Brisbane/ Kangaroo Point $550 7 $450 5 North - Inner $450 110 $415 108 4007 Ascot/ Hamilton $575 15 $450 6 4011 Clayfield/ Hendra $510 13 $515 9 4012 Nundah/ Toombul/ Wavell Heights $430 22 $385 14 4030 Lutwyche/ Windsor/ Wooloowin $430 18 $415 16 4031 Gordon Park/ Kedron $385 16 $390 20 Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 8 www.reiq.com.au
  9. 9. <$350,000 <$500,000 <$1m $1m+ 121 DEC 10 799 1064 147 DEC 1 137 SEP 10 780 1177 124 SEP 1 141 JUN 10 881 1373 141 JUN 1 BRIsBAne sURRoUnDs Median house and unit prices BRISBANE SURROUNDS HOUSE SALES Brisbane’s surrounds recorded steady results over the BRISBANE <$500,000 SALES $1m+ CITY UNIT <$1m <$350,000 December quarter however the preliminary number of house <$250,000 <$350,000 <$500,000 <$1m $1m+ sales was down significantly in all areas apart from the Redland DEC 10 34 718 885 291 20 DEC 1 City region. These lower volumes can mainly be attributed to DEC 10 260 511 239 46 DEC 1 fewer first home buyers being active last year compared to 41 2009. SEP 10 815 1009 328 16 SEP 1 SEP 10 265 628 270 37 SEP 1 The median house price in Ipswich was steady at $310,000 44 JUN 10 775 1111 424 14 JUN 1 over the December quarter however the Ipswich region was JUN 10 254 684 282 47 JUN 1 particularly impacted during the floods in January. Local agents INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL report that immediately following the floods everyone was in damage control however early February saw buyer enquiries GOLD COAST HOUSE SALES tentatively pick up. BRISBANE SURROUNDS UNIT SALES <$350,000 <$500,000 <$1m $1m+ The median house price in Logan increased 1.4 per cent to <$250,000BRISBANE CITY <$500,000 20 <$350,000 LAND SALES <$1m $1m+ $360,000 over the quarter. The Logan market was impacted <$250,000 376 <$350,000 318 37 DEC 10 DEC 1 <$500,000 $500,000+ by lower buyer activity over the quarter mainly due to lower 24 98 DEC 10 172 79 31 4 DEC 1 first home buyer numbers. Agents are currently reporting DEC 10 SEP 10 14 27 43329 12 332 49 DEC 1 a continuation of flat market conditions with many people SEP 1 happy to sit on the sidelines. SEP 10 20 113 231 71 38 SEP 1 SEP 10 JUN 10 38 417 54 34 36415 54 SEP 1 JUN 1 With indications that the rental market will firm up, investors are expected to start coming back into the Logan market. Also, JUN 10 102 224 110 45 0 JUN 1 JUN 10 54 49 36 15 JUN 1 as there were very few properties in the area affected by the INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL floods, there haven’t been any queries regarding flood levels. SUNSHINE COAST HOUSE SALES The median house price in Moreton Bay decreased 1.5 per cent GOLD COAST UNIT SALES <$350,000 <$500,000 <$1m $1m+ to $390,000 over the period, while the median house price in BRISBANE SURROUNDS LAND SALES <$250,000 <$350,000 <$500,000 <$1m $1m+ Redland City increased 0.3 per cent to $452,000. 49 15 <$250,000 <$350,000 <$500,000 $500,000+ DEC 10 307 178 DEC 1 The median unit and townhouse price in Logan increased 3.3 DEC 10 116 68 291 269 178 61 DEC DEC 10 277 76 17 14 26 DEC 1 per cent to $263,500 over the quarter partly driven by sales of SEP 10 322 189 SEP 1 new stock in both Beenleigh and Springwood. 104 374 SEP 10 282 191 50 SEP SEP 10 46 436 77 12 840 SEP 1 The median unit and townhouse price in Redland City JUN 10 348 226 JUN 1 increased 7.7 per cent to $350,000 over the period, but JUN 10 123 428 405 258 46 JUN again this was impacted by sales of new waterfront stock in JUN 10 417 96 27 3 JUN 1 Cleveland. INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL Vacant land prices SUNSHINE COAST UNIT SALES GOLD COAST LAND SALES Similar to the house market, the decline in first home buyers compared to a year ago has seen a corresponding decline in Median rents <$250,000 <$250,000 <$350,000 <$350,000 <$500,000 <$500,000 <$1m $1m+ $500,000+ vacant land sales as demand from this segment of the market TheDEC 1010 58 11 7 a16 median 20 for 125 DEC rent three-bedroom house in Moreton Bay 102 84 15 DEC 1 DEC has returned to pre boost levels. increased $10 to $320 per week between December 2010 and December 2009.52 median rent for a three-bedroom house SEP 10 The 25 16 SEP 1 Despite this, median prices have held steady across most areas SEP 10 46 140 99 77 24 SEP in Ipswich increased $5 to $280 per week over the same period. with Ipswich up 0.5, Logan up 12.7 and Moreton Bay up 2.6 per The median rent for a two-bedroom unit in Logan increased cent over the quarter. New land estates in the Logan area have JUN 10 83 41 8 14 JUN 1 $10JUN 10 45per week over the year.146 to $250 139 87 19 JUN helped boost the median price, while varying quality of lots on both the bay islands and the mainland area saw the Redland City median decline 4.8 per cent over the quarter. The Ipswich rental market was significantly impacted by the SUNSHINE COAST LAND SALES floods in January. Local agents reported tight conditions in <$250,000 multiple viewings of available $500,000+ early February with <$350,000 <$500,000 rentals. What vacancies there were, were being quickly leased by displaced home36 24 19 6 DEC 10 DEC owners and tenants. While many people have been looking for a rental property as close to their previous residence as possible, some have 18 9 SEP 10 39 18 been forced to look at the SEP 1 next closest option. JUN 10 52 47 15 11 JUN Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 9 www.reiq.com.au

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