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Qmm issue 10 lj gilland_re
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  • 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 10 www.reiq.com.au Buyer’s take your pick www.reiq.com.au
  • 2. QUEENSLAND MAR K ET MONITORCONTENTS PAYING State-wide Summary.................................. page 2 TOO ? Regional Overview [Houses, Units & Townhouses, Vacant land, Rents] MUCH ONLINE LISTINGS Brisbane City.......................................... page 4 FOR Brisbane Surrounds.............................. page 9 Gold Coast City..................................... page 13 Toowoomba Regional........................... page 16 Sunshine Coast Regional...................... page 17 reiq.com is here Fraser Coast Regional.......................... page 20 Bundaberg Regional.............................. page 21 reiq.com now features a Queensland listing portal offered Gladstone Regional............................... page 23 exclusively to REIQ accredited agencies* Rockhampton Regional......................... page 24 at no additional cost to their membership. Mackay Regional.................................... page 26 Townsville City........................................ page 27 reiq.com is now available for you to upload your properties for sale and rent. Cairns Regional...................................... page 29 Other Regional Areas............................ page 31 See page 38 for more information. Rental Yields................................................... page 35 07 3249 7347 | propertysearch@reiq.com.au Vacancy Rates............................................... page 35 *Not available to individual members Explanatory Notes........................................ page 36 Research Methodology............................. page 36 MARCH QUARTER 2011 STATE-WIDE SUMMARY Median house and unit prices Over the March quarter, the Queensland property market remained soft with sales numbers down about 14 per cent The natural disasters earlier this year, coupled with the higher compared to the December quarter last year. interest rate environment, resulted in a weaker March quarter for Queensland residential property. The Brisbane median house price decreased 1.9 per cent to $515,000 over the quarter. Preliminary sales numbers were The impact of the floods was keenly felt in affected Brisbane down about 15 per cent on the previous quarter. suburbs over the period with many suburbs not recording enough preliminary sales for a reliable median house price to The Gold Coast’s median house price remained steady at be calculated. $490,000 over the quarter and was also one of the few areas across the state to record a stable number of preliminary sales. Out of about 50 Brisbane suburbs reportedly flood-affected earlier this year, only 17 recorded the minimum of 10 Bucking the trend across the State was Gladstone, which has preliminary sales required for a median house price to be continued its strong run due to the development of liquefied calculated. QUEENSLAND - PRICEPOINTS natural gas (LNG) in the region. Its median house price increased 5.1 per cent to $415,000 over the March quarter. QUEENSLAND HOUSE SALES The resources sector is also assisting the market in <$350,000 <$500,000 <$1m $1m+ Rockhampton which also recorded positive median house price growth – up 3.8 per cent to $325,000 over the period – as MAR 11 2153 3047 1923 146 well as a steady number of sales. DEC 10 2524 3491 2143 229 The unit and townhouse market was also not immune from Queensland’s summer of disasters and patchy economic conditions. SEP 10 2815 3597 2309 224 Median unit and townhouse prices eased across much of Source: REIQ, data provided by PriceFinder South East Queensland during the first three months of 2011. Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 QUEENSLAND UNIT SALES page 2 www.reiq.com.au
  • 3. <$250,000 <$350,000 <$500,000 <$1m $1m+ MAR 11 2153 3047 1923 146 MAR 11 491 959 985 434 78 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 BRISBANE CITY MARCH QUARTER 2011 STATE-WIDE SUMMARY Source: REIQ, data provided by PriceFinder Source: REIQ, data provided by PriceFinder QUEENSLAND UNIT SALES QUEENSLAND LAND SALES <$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$350,000 <$500,000 <$1m $1m+ 32 MAR 11 491 959 985 434 78 MAR 11 663 14046 8 25 DEC 10 606 1053 1072 598 128 DEC 10 1029 13554 5 38 SEP 10 623 1228 1192 638 121 SEP 10 1277 216 82 6 Source: REIQ, data provided by PriceFinder Source: REIQ, data provided by PriceFinder While a number of regional centres recorded positive growth The median price of vacant land in Gladstone increased 5.5 over the quarter, this was mainlyLAND to the construction of QUEENSLAND due SALES per cent to $195,000 over the period. A new development in new unit or townhouse developments, or the<$1m of more <$250,000 <$350,000 <$500,000 sale $1m+ Calliope attracted 22 preliminary land sales over the period and expensive existing stock, in these areas over the period. 32 helped push its median price up 12.1 per cent to $185,000. MAR 11 663 14046 8 Unit and townhouse sales across Queensland are down about 25 15 per cent, impacted by lower numbers of first home buyers Median rents DEC 10 1029 13554 5 and investors, who are the type of buyers usually the most Queensland’s residential rental market has absorbed the interested in the more affordable segment of the38market. impacts from this year’s natural disasters however demand is SEP 10 1277 216 82 6 The prestige market is also struggling with the number of starting to tighten in some areas due to lower buyer activity. preliminary sales of units and townhouses for more than The REIQ’s March residential rental survey found vacancy rates Source: REIQ, data provided by PriceFinder $1 million across Queensland dropping about 40 per cent have continued to tighten over the past six months as more compared to the December quarter. and more buyers stay on the sidelines. The median unit and townhouse price in Brisbane eased The rental survey found vacancy rates for the Brisbane City 1.4 per cent to $395,000 over the quarter. On the Gold and local government area tightened in March, coming in at 1.8 per Sunshine coasts, the median unit price decreased 2.7 per cent cent, down from 2.6 per cent in September last year. to $355,000 and 2.1 per cent to $350,000 respectively. The growth of LNG is driving demand for rental property in Positive median price growth was recorded for the Gladstone which recorded a residential vacancy rate of 1.4 per Toowoomba, the Fraser Coast, Rockhampton and Townsville cent in March. local government areas over the March quarter. Over the period, there was an increase in sales in higher-priced LOCAL GOVERNMENT AREA Median Change stock in Toowoomba and the Fraser Coast which pushed up House Sale over qtr the median sale price. SOUTHEAST QUEENSLAND Rockhampton and Townsville both recorded median price BRISBANE (SD) $440,000 -2.2% increases of 4.5 per cent over the period. As Rockhampton’s BRISBANE CITY (LGA) $515,000 -1.9% unit market continues to be quite small, this result was due IPSWICH CITY (LGA) $325,250 4.9% to higher priced unit sales in Yeppoon, while sales in new waterfront developments in North Ward and South Townsville LOGAN CITY (LGA) $352,250 -2.2% have underpinned that region’s result over the quarter. MORETON BAY (LGA) $380,000 -2.6% REDLAND CITY (LGA) $439,500 -2.8% Median land prices GOLD COAST CITY (LGA) $490,000 0.0% SUNSHINE COAST (LGA) $450,500 0.1% The lack of available land for development continues to MAJOR REGIONAL CENTRES constrain the market in Brisbane with just 69 preliminary land BUNDABERG (LGA) ~ $280,000 -1.8% sales recorded over the March quarter. CAIRNS (LGA) $367,000 1.7% The median price for vacant Brisbane land under 2,400m² FRASER COAST (LGA) $295,000 -1.1% decreased 17.3 per cent to $275,000 over the quarter, however GLADSTONE (LGA) $415,000 5.1% this was affected by the varying quality of stock, and the MACKAY (LGA) $396,000 -5.7% varying number of new land stock, sold over the period. ROCKHAMPTON (LGA) $325,000 3.8% The median price of vacant land on the Sunshine Coast TOOWOOMBA (LGA) ~ $292,250 -5.0% increased 20.8 per cent to $290,000 over the March quarter TOWNSVILLE CITY (LGA) $369,000 -2.9% however this figure was also impacted by the higher number of new stock, and waterfront stock, sold over the period. Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 3 www.reiq.com.au
  • 4. QUEENSLAND MAR K ET MONITORCONTENTS BRISBANE CITY Median house and unit prices Median rents The impact of the Queensland floods was keenly felt in The REIQ March rental survey, as well as statistics released affected Brisbane suburbs over the March quarter with many by the Residential Tenancies Authority (RTA), showed that in suburbs not recording enough preliminary sales for a reliable March the Brisbane rental market, while tighter, was not as dire median house price to be calculated. as many had predicted. QMM statistics show that out of about 50 Brisbane suburbs The survey found vacancy rates for the Brisbane City local reportedly flood-affected earlier this year, only 17 recorded government area tightened in March, coming in at 1.8 per a minimum of 10 preliminary sales to allow a median house cent, down from 2.6 per cent in September last year. price to be calculated. The biggest drops in preliminary RTA statistics for the start of this year largely illustrate drops in sales occurred in Moorooka, Graceville and Kenmore when bonds lodged in suburbs directly affected by the floods, while compared to the December quarter last year. January in general was a quieter month across the Brisbane Many would-be sellers in these areas have wisely either taken area as many renters chose to stay put following the floods. their homes off the market – even if they were not flooded – or The median rent for a three-bedroom house in Brisbane decided they will ride out any market reaction to properties in increased $10 per week to $390 between March 2011 and flood-affected areas. March last year. The median rent for a two-bedroom unit Indeed, while some affected Brisbane suburbs did record a increased $10 per week to $375 over the same period. drop in preliminary sales, a number of others that were partially flooded continued to record steady sales over the quarter, which is a testament to the continued desirability of living in MEDIAN SALES DATA locations such as New Farm and West End. Suburb/ Number of Mar change 12 mths to change change Locality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs However, about 75 per cent of Brisbane was not affected by the floods and these areas are continuing to record steady HOUSES sales and results. BRISBANE (SD) ~ 3,423 $440,000 -2.2% $455,000 3.4% 42.2% BRISBANE (SD) ^ ~ 245 $550,000 0.0% $580,000 2.7% 32.6% The Brisbane median house price decreased 1.9 per cent to BRISBANE CITY (LGA) 1,808 $515,000 -1.9% $535,000 4.9% 45.4% $515,000 over the quarter. Preliminary sales numbers were BRISBANE CITY (LGA) ^ ~ 37 $850,000 -2.9% $1,077,500 16.5% 47.6% down about 15 per cent on the previous quarter. ACACIA RIDGE ~ 16 $304,500 -4.8% $325,000 -3.7% 38.3% ALDERLEY 13 $690,000 N/A $649,250 8.2% 61.9% Steady performers over the quarter included Cannon Hill, up ALGESTER 22 $414,500 -2.5% $416,000 0.5% 41.0% 9.1 per cent to $540,000 as well an increase in the number of ANNERLEY ~ 17 $577,000 -6.8% $595,000 11.2% 52.7% preliminary sales; Ferny Grove, up 6.9 per cent to $480,000; and ASCOT 9 N/A N/A $1,200,000 8.6% 36.4% Stafford and Stafford Heights, up 5.3 per cent to $515,000 and ASHGROVE ~ 27 $662,500 -9.9% $690,000 2.8% 52.1% 5.6 per cent to $467,500 respectively. ASPLEY 31 $450,000 -2.7% $465,000 0.4% 36.4% AUCHENFLOWER 6 N/A N/A $768,500 -0.4% 43.1% Local agents say there is very little first home buyer or investor BALD HILLS ~ 14 $395,000 -1.1% $390,000 -3.7% 46.5% activity with sellers still adjusting to the fact that they must BALMORAL 7 N/A N/A $798,000 13.4% 57.2% meet the market on price to make a sale. Days on market are BANYO ~ 16 $395,000 -8.4% $426,000 4.5% 52.7% generally between 60 to 90 days. BARDON ~ 19 $583,000 -24.5% $747,500 2.2% 46.9% BELLBOWRIE 8 N/A N/A $475,000 3.3% 39.7% The median unit and townhouse price in Brisbane decreased BELMONT 6 N/A N/A $630,000 11.0% 66.9% 1.4 per cent to $395,000 over the quarter. Preliminary sales BOONDALL 9 N/A N/A $420,000 1.2% 33.7% numbers were down about 15 per cent on the previous BRACKEN RIDGE 43 $400,000 5.1% $415,000 0.1% 36.1% quarter. BRIDGEMAN DOWNS ~ 12 $627,500 -8.7% $686,000 0.7% 31.9% BRIGHTON ~ 24 $371,250 -6.3% $398,000 -0.5% 36.5% Vacant land prices BULIMBA CALAMVALE ~ 9 34 N/A $459,000 N/A -6.1% $915,000 $500,900 8.9% 2.0% 27.1% 42.1% Just 69 preliminary land sales were recorded for the Brisbane CAMP HILL ~ 41 $574,000 -15.9% $643,000 7.2% 50.9% City region over the March quarter. CANNON HILL ~ 16 $540,000 9.1% $570,000 9.9% 54.1% CARINA 21 $520,000 2.0% $515,000 7.5% 47.1% The median price for land under 2,400m² decreased 17.3 per CARINA HEIGHTS 5 N/A N/A $509,000 -2.1% 43.4% cent to $275,00 over the quarter, however this was affected by CARINDALE 21 $680,000 0.1% $695,000 2.8% 37.6% the varying quality of stock, and the varying number of new CARSELDINE ~ 10 $472,500 -7.4% $497,500 -3.4% 35.6% land stock, sold over the period. CHAPEL HILL ~ 22 $591,500 -14.3% $650,000 3.2% 40.5% CHELMER 1 N/A N/A $881,000 -1.0% 48.8% Heathwood, Moggill and Fitzgibbon recorded the most sales of CHERMSIDE 5 N/A N/A $457,500 1.7% 34.6% vacant land over the period due to new developments in these CHERMSIDE WEST 17 $452,500 -2.7% $475,000 5.6% 48.4% areas. CLAYFIELD 11 $860,000 -4.4% $935,000 9.7% 46.1% COOPERS PLAINS 5 N/A N/A $440,000 3.5% 57.1% COORPAROO 25 $690,000 2.1% $663,000 3.8% 44.4% Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 4 www.reiq.com.au
  • 5. 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 2011 2011 qtr Mar 2011 1yr 5yrs Qtr 2011 2011 qtr Mar 2011 1yr 5yrs HOUSES HOUSES continued CORINDA 9 N/A N/A $590,000 2.6% 43.0% DARRA 5 N/A N/A $355,000 2.9% 47.9% DEAGON 11 $389,000 N/A $421,250 7.3% 54.3% BRISBANE CITY HOUSE SALES DOOLANDELLA * 10 $436,500 -4.1% $440,000 22.2% 69.2% <$350,000 $350,000+ $500,000+ $1m+ 118 DREWVALE 8 N/A N/A $487,000 3.6% 42.1% DURACK 5 N/A N/A $389,000 9.9% 55.6% MAR 11 697 910 83 MAR 11 121 EAST BRISBANE 5 N/A N/A $658,000 -0.7% 50.4% EIGHT MILE PLAINS 23 $550,000 0.0% $600,000 2.7% 46.9% DEC 10 799 1064 147 DEC 10 ENOGGERA ~ * 13 $540,000 -9.2% $582,500 14.2% 55.4% 137 EVERTON PARK 31 $505,000 -3.5% $505,000 11.4% 53.0% SEP 10 780 1177 124 SEP 10 FAIRFIELD 4 N/A N/A $590,000 -1.3% 45.9% FERNY GROVE 10 $480,000 6.9% $495,000 3.1% 40.2% FIG TREE POCKET ~ 4 N/A N/A $787,500 -6.0% 67.2% FITZGIBBON 9 N/A N/A $416,000 1.5% 41.0% FOREST LAKE 58 $400,000 3.4% $397,000 1.8% 38.6% BRISBANE SURROUNDS HOUSE SALES PADDINGTON 14 $695,000 -0.7% $790,000 8.7% 51.2% GEEBUNG 9 N/A N/A $455,000 4.6% 56.4% PARKINSON <$350,000 $350,000+ 29 $515,000 $500,000+ 0.9% $1m+ $527,500 6.9% 40.7% GORDON PARK 10 $571,501 N/A $582,550 2.1% 23.6% PULLENVALE ^ ~ 1 N/A N/A $1,112,500 20.8% 42.6% MAR 11 586 779 244 6 MAR 11 GRACEVILLE 3 N/A N/A $705,000 9.3% 52.9% RED HILL 8 N/A N/A $665,000 -2.2% 40.9% GRANGE ~ 11 $750,000 2.7% $650,000 -12.5% 49.8% RIVERHILLS 10 $459,500 0.4% $446,500 6.3% 49.0% GREENSLOPES 11 $578,000 5.1% $567,500 0.4% 45.1% DEC 10 ROBERTSON 718 7 885 N/A N/A 291 20 $680,000 2.0% 32.6% DEC 10 HAMILTON ~ 2 N/A N/A $1,012,500 -13.2% 24.6% ROCKLEA ~ 2 N/A N/A $352,500 -6.6% 50.0% HAWTHORNE ~ 5 N/A N/A $772,000 -9.1% 25.2% RUNCORN10 SEP ~ 22 $416,7501009 -5.2% $430,000 1.2% 43.5% 815 328 16 SEP 10 HEMMANT 6 N/A N/A $427,500 0.5% 39.0% SALISBURY ~ 11 $410,250 -9.4% $450,000 2.3% 44.5% HENDRA 8 N/A N/A $800,000 3.9% 70.2% SANDGATE REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL INCLUDES 8 N/A N/A $527,500 -1.4% 43.5% HIGHGATE HILL 5 N/A N/A $797,500 5.9% 31.8% SEVEN HILLS 5 N/A N/A $585,000 1.6% 42.6% HOLLAND PARK 16 $502,063 -4.4% $531,000 4.7% 41.6% GOLD SEVENTEEN MILE ROCKS ~ COAST 6 HOUSE SALES$575,000 N/A N/A 15.9% 36.1% HOLLAND PARK WEST ~ 12 $587,500 12.4% $580,000 10.5% 63.4% SHERWOOD 7 N/A N/A $718,000 5.6% 52.1% <$350,000 $350,000+ $500,000+ $1m+ INALA ~ 17 $275,000 -7.7% $290,000 -1.7% 52.6% SHORNCLIFFE 0 N/A N/A $640,000 -0.8% 62.0% 25 INDOOROOPILLY ~ 14 $575,750 -28.3% $703,750 12.8% 32.8% SINNAMON PARK 11 $600,000 N/A $625,000 3.7% 48.8% MAR 11 371 350 36 MAR 11 JAMBOREE HEIGHTS 10 $398,750 N/A $415,500 -2.2% 34.0% ST LUCIA ~ 7 N/A N/A $1,095,000 15.3% 67.4% 20 JINDALEE 11 $504,999 3.7% $515,750 12.0% 54.0% STAFFORD 19 $515,000 5.3% $494,250 9.8% 59.4% KEDRON 20 $547,500 4.0% $546,175 11.0% 58.3% STAFFORD HEIGHTS DEC 10 376 20 $467,500 5.6% 318 $466,500 37 1.4% 45.3% DEC 10 KELVIN GROVE 5 N/A N/A $650,000 5.2% 49.4% STRETTON ~ 24 10 $592,500 N/A $618,750 -6.3% 40.3% KENMORE 16 $529,250 3.8% $545,000 3.8% 41.6% SUNNYBANK 18 $503,000 -11.1% $535,170 3.1% 41.0% SEP 10 433 332 49 SEP 10 KEPERRA 13 $415,000 -3.5% $435,250 1.5% 49.6% SUNNYBANK HILLS ~ 23 $466,000 -5.0% $485,000 0.8% 43.1% KURABY 9 N/A N/A $539,000 5.9% 31.5% TAIGUM 12 $419,000 N/A $444,000 -1.3% 36.1% LOTA 14 $462,500 N/A $469,000 -1.0% 35.5% TARINGA 9 N/A N/A $745,000 1.9% 35.5% MACGREGOR 7 N/A N/A $535,000 4.3% 40.8% TARRAGINDI 22 $567,500 3.2% $576,000 4.7% 51.6% MACKENZIE 7 N/A N/A $650,000 4.8% 35.4% THE GAP SUNSHINE COAST HOUSE SALES 24 $539,500 5.8% $551,500 4.1% 41.4% MANLY 8 N/A N/A $655,500 -0.2% 47.2% TINGALPA 12 $421,000 -2.1% $430,000 0.0% 43.8% <$350,000 $350,000+ $500,000+ $1m+ MANLY WEST ~ 19 $482,000 -13.5% $506,000 4.3% 42.5% TOOWONG 13 $687,000 -1.9% $691,000 7.1% 50.4% 55 20 MANSFIELD 10 $507,500 -1.4% $508,000 2.2% 47.0% UPPER KEDRON 16 $547,500 N/A $540,000 0.6% 31.4% MAR 11 269 154 MAR 11 MCDOWALL ~ 13 $570,000 8.6% $580,000 7.4% 43.6% UPPER MOUNT GRAVATT 19 $455,000 4.4% $471,750 2.8% 52.2% 49 15 MIDDLE PARK 3 N/A N/A $529,500 3.2% 39.3% VIRGINIA 6 N/A N/A $436,500 -1.6% 45.5% MITCHELTON 23 $516,750 0.3% $528,500 4.7% 63.6% DEC 10 WAKERLEY 307 22 $602,500 -1.9%178 $615,000 0.8% 38.2% DEC 10 MOGGILL 3 N/A N/A $481,000 3.2% 30.4% WAVELL HEIGHTS 68 32 $553,250 2.5% $546,500 6.5% 53.9% 26 MOOROOKA ~ 15 $455,000 -6.7% $499,000 4.0% 51.2% WEST END 5 N/A N/A $792,500 1.6% 59.5% SEP 10 322 189 SEP 10 MORNINGSIDE ~ 18 $595,000 10.2% $608,600 4.9% 58.1% WESTLAKE 6 N/A N/A $630,000 7.7% 45.7% MOUNT CROSBY ^ 3 N/A N/A $590,000 N/A 53.2% WILSTON ~ 5 N/A N/A $855,625 -3.3% 50.1% MOUNT GRAVATT 8 N/A N/A $485,000 -1.0% 49.2% WINDSOR ~ 12 $592,500 -19.4% $685,000 5.1% 63.1% MOUNT GRAVATT EAST 23 $475,000 2.2% $475,000 2.2% 40.5% WISHART ~ 13 $467,000 -5.2% $523,500 0.2% 41.5% MURARRIE 13 $651,000 N/A $495,000 7.6% 46.2% WOOLLOONGABBA 7 N/A N/A $669,000 13.4% 75.8% NEW FARM ~ 8 N/A N/A $1,185,000 24.7% 53.9% WOOLOOWIN ~ 6 N/A N/A $749,000 15.7% 69.2% NEWMARKET 5 N/A N/A $715,000 12.4% 66.3% WYNNUM ~ 32 $461,250 -8.2% $520,000 5.1% 40.5% NORMAN PARK 9 N/A N/A $698,750 4.1% 57.2% WYNNUM WEST 22 $450,500 5.3% $439,500 -1.7% 39.5% NORTHGATE ~ 14 $477,500 N/A $480,000 -3.9% 45.9% YERONGA 3 N/A N/A $673,000 -1.8% 37.3% NUDGEE 7 N/A N/A $487,000 3.3% 62.3% ZILLMERE 11 $370,000 -3.6% $385,000 -1.9% 44.3% NUNDAH 13 $575,000 3.6% $577,500 2.2% 52.8% OXLEY 7 N/A N/A $450,000 2.3% 52.3% Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 5 www.reiq.com.au
  • 6. QUEENSLAND MAR K ET MONITORCONTENTS 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 2011 2011 qtr Mar 2011 1yr 5yrs Qtr 2011 2011 qtr Mar 2011 1yr 5yrs UNITS & TOWNHOUSES UNITS & TOWNHOUSES continued BRISBANE (SD) 1,211 $373,000 -1.8% $380,000 3.3% 38.2% TAIGUM 4 N/A N/A $351,500 -1.4% 19.2% BRISBANE CITY (LGA) 922 $395,000 -1.4% $410,000 4.1% 37.1% TARINGA ~ 24 $366,000 -14.4% $410,000 0.0% 39.0% ALDERLEY ~ * 16 $406,500 18.7% $401,275 11.8% 64.8% TENERIFFE ~ f 21 $595,000 10.2% $570,000 4.6% 52.0% ALGESTER * 3 N/A N/A $347,000 8.4% 20.5% TINGALPA 9 N/A N/A $356,000 3.2% 54.1% ANNERLEY * 15 $405,000 7.3% $379,500 2.8% 65.0% TOOWONG 20 $395,000 -2.9% $418,000 -3.9% 44.1% ASCOT ~ 17 $412,000 -5.9% $409,500 5.7% 35.0% UPPER MOUNT GRAVATT 3 N/A N/A $391,000 7.9% 36.2% ASHGROVE 7 N/A N/A $400,000 -1.8% 15.7% WAKERLEY * 6 N/A N/A $440,000 N/A N/A ASPLEY 10 $360,500 N/A $367,250 -0.7% 44.3% WEST END * f 12 $537,500 3.4% $530,000 0.4% 45.2% AUCHENFLOWER 8 N/A N/A $435,000 0.9% 19.2% WINDSOR 5 N/A N/A $385,000 6.5% 48.1% BARDON ~ * 3 N/A N/A $599,000 6.0% 77.5% WISHART 4 N/A N/A $360,000 1.4% 18.8% BOWEN HILLS 1 N/A N/A $420,000 -1.8% 23.2% WOOLLOONGABBA 14 $415,000 3.1% $420,000 1.1% 29.4% BRACKEN RIDGE * 1 N/A N/A $357,000 2.1% N/A WYNNUM 5 N/A N/A $380,000 4.1% 20.7% BRIDGEMAN DOWNS * 2 N/A N/A $369,500 N/A N/A WYNNUM WEST * 4 N/A N/A $356,000 11.3% 58.2% BRISBANE CITY * f 60 $447,500 -7.7% $469,000 7.8% 18.7% YERONGA 2 N/A N/A $419,000 1.7% 45.2% BULIMBA * 7 N/A N/A $550,000 4.8% 38.4% ZILLMERE 10 $361,750 N/A $369,500 4.1% 60.7% CALAMVALE ~ * 15 $367,000 9.6% $357,500 2.2% 66.3% CARINA * 21 $390,000 N/A $430,000 3.0% 28.0% VACANT URBAN LAND CARINA HEIGHTS * 9 N/A N/A $413,000 -7.2% 38.1% BRISBANE (SD) 343 $210,350 0.3% $204,400 -4.9% 19.0% CARINDALE 5 N/A N/A $517,000 1.9% N/A BRISBANE (SD) ^ 54 $326,000 -10.1% $340,500 14.5% 51.3% CAROLE PARK * 4 N/A N/A $330,000 N/A N/A BRISBANE CITY (LGA) ~ * 63 $275,000 -17.3% $300,000 6.1% 33.3% CHERMSIDE 26 $432,000 4.1% $431,500 4.0% 44.1% BRISBANE CITY (LGA) ^ 6 N/A N/A $606,000 -0.7% 34.7% CLAYFIELD 24 $359,000 6.1% $357,000 -2.2% 40.0% CALAMVALE * 4 N/A N/A $335,000 8.6% 50.9% COORPAROO ~ 25 $349,000 -4.5% $375,000 0.7% 48.4% DOOLANDELLA ~ * 3 N/A N/A $235,000 5.5% N/A CORINDA 5 N/A N/A $425,000 3.7% 54.5% DURACK * 1 N/A N/A $212,000 -3.6% N/A DOOLANDELLA * 0 N/A N/A $337,500 N/A N/A FITZGIBBON ~ * G 6 $142,250 -39.7% $223,450 -1.1% N/A EAST BRISBANE ~ * 12 $417,500 N/A $452,500 11.7% 60.0% FOREST LAKE * 0 N/A N/A $339,000 17.9% 92.7% EIGHT MILE PLAINS 7 N/A N/A $388,000 4.9% 56.5% HEATHWOOD * 6 $271,500 -1.3% $243,000 2.5% N/A ENOGGERA 9 N/A N/A $398,250 3.1% N/A MOGGILL * 6 $261,250 N/A $262,500 6.1% 65.1% EVERTON PARK 5 N/A N/A $410,000 13.4% 64.0% UPPER KEDRON ~ * 0 N/A N/A $295,000 -7.2% 31.1% FORTITUDE VALLEY ~ 30 $364,000 -3.1% $398,000 -1.7% 24.8% WAKERLEY * 5 $368,000 N/A $340,000 6.3% 39.9% GAYTHORNE 7 N/A N/A $360,000 0.0% 54.8% GORDON PARK 3 N/A N/A $355,000 -1.9% 44.9% GREENSLOPES 18 $362,500 3.3% $367,500 1.5% 36.1% HAMILTON 7 N/A N/A $490,000 6.6% 41.0% BRISBANE CITY UNIT SALES <$250,000 $250,000+ $350,000+ $500,000+ $1m+ HAWTHORNE 4 N/A N/A $425,250 -1.7% 36.8% 37 HIGHGATE HILL ~ 6 N/A N/A $465,000 19.2% 45.3% HOLLAND PARK WEST ~ * 3 N/A N/A $361,000 N/A 40.7% MAR 11 220 478 174 13 MAR 34 INDOOROOPILLY 21 $440,000 -4.3% $453,000 -0.1% 35.2% KANGAROO POINT ~ f 20 $484,500 18.8% $517,500 11.3% 41.8% DEC 10 260 511 239 46 DEC KEDRON 5 N/A N/A $347,000 3.6% 40.8% 41 KELVIN GROVE * 7 N/A N/A $415,000 -4.6% 45.6% SEP 10 265 628 270 37 SEP LUTWYCHE 7 N/A N/A $400,000 11.1% 58.7% MOOROOKA * 12 $335,250 -7.9% $420,000 20.0% 81.4% MORNINGSIDE 27 $434,000 0.3% $457,000 10.1% 45.1% MOUNT GRAVATT EAST 4 N/A N/A $381,750 5.2% 32.6% NEW FARM ~ f * 25 $500,000 -5.9% $530,000 11.6% 38.9% BRISBANE SURROUNDS UNIT SALES NEWSTEAD 4 N/A N/A $519,000 3.8% 30.1% BRISBANE CITY LAND <$250,000 $250,000+ $350,000+ SALES $500,000+ $1m+ NORMAN PARK 6 N/A N/A $479,000 5.3% N/A <$250,000 <$350,000 <$500,000 $500,000+ NORTHGATE * 9 N/A N/A $355,000 -10.1% 57.8% MAR 11 71 143 58 14 3 MAR NUNDAH ~ * 22 $416,250 15.6% $382,000 -6.4% 55.9% PADDINGTON 7 N/A N/A $440,000 0.2% 40.5% MAR 11 21 28 8 6 M RICHLANDS 5 N/A N/A $349,500 7.4% 31.9% DEC 10 98 172 79 31 DEC RUNCORN 11 $325,000 -0.9% $330,000 -2.5% 40.7% DEC 10 14 27 26 7 D SHERWOOD * 8 N/A N/A $409,000 -10.1% 18.6% SEP 10 113 231 71 38 3 SEP SOUTH BRISBANE ~ f 17 $383,000 -18.9% $442,000 7.9% 14.8% SPRING HILL 21 $400,000 2.3% $393,000 2.5% 37.9% SEP 10 38 54 34 15 INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL ST LUCIA ~ * 16 $423,000 -5.4% $439,000 -0.7% 40.3% STAFFORD 3 N/A N/A $398,000 7.9% N/A GOLD COAST UNIT SALES SUNNYBANK HILLS 4 N/A N/A $370,000 4.2% 60.9% <$250,000 $250,000+ $350,000+ $500,000+ $1m+ Please see page 36 for legend and further notes BRISBANE SURROUNDS LAND SALESIssue 10 - March Quarter 2011 page 6 MAR 11<$250,000 <$350,000 <$500,000www.reiq.com.au $500,000+
  • 7. BRISBANE CITY MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Postcode Postcode Localities Rent New Rent New Localities Rent New Rent New ($) Bonds ($) Bonds ($) Bonds ($) Bonds 3 BEDROOM HOUSES 3 BEDROOM HOUSES continued BRISBANE CITY COUNCIL AREA $390 3,386 $380 3,389 4171 Balmoral/ Bulimba/ Hawthorne $475 63 $450 54 Bayside $375 146 $370 140 4172 Murarrie $375 21 $380 17 4178 Lytton/ Wynnum/ Wynnum West $370 97 $370 88 South East - Outer $395 50 $380 64 4179 Lota/ Manly/ Manly West $380 49 $370 52 4153 Belmont $395 7 $410 15 City Inner $480 357 $465 361 4154 Gumdale/ Ransome/ Wakerley $460 10 $430 8 4000 Brisbane City/ Spring Hill $510 26 $475 25 4173 Tingalpa $385 29 $360 32 4005 New Farm $540 23 $545 15 South West - Inner $415 138 $400 192 4006 Bowen Hills/ Fortitude Valley/ Herston/ Newstead $500 19 $430 16 4068 Chelmer/ Indooroopilly/ Taringa $445 72 $420 104 4064 Milton/ Paddington $490 72 $480 76 4075 Corinda/ Graceville/ Oxley/ Sherwood $380 66 $380 88 4066 Auchenflower/ Toowong $450 73 $450 63 South West - Outer $350 392 $340 375 4067 St Lucia $480 43 $440 33 4069 Brookfield/ Chapel Hill/ Fig Tree Pocket/ etc. $430 65 $400 69 4101 Highgate Hill/ South Brisbane/ West End $495 32 $480 46 4070 Anstead/ Bellbowrie/ Moggill $340 12 $360 6 4102 Buranda/ Dutton Park/ Wooloongabba $470 32 $435 28 4073 Seventeen Mile Rocks/ Sinnamon Park $380 14 $360 16 4169 East Brisbane/ Kangaroo Point $490 37 $460 59 4074 Jindalee/ Mt Ommaney/ Sumner/ Westlake/ etc. $370 70 $360 72 North - Inner $420 374 $400 383 4076 Darra/ Wacol $300 34 $320 24 4007 Ascot/ Hamilton $560 23 $550 20 4077 Doolandella/ Durack/ Inala/ Richlands $300 81 $290 71 4010 Albion $430 10 $390 7 4078 Ellen Grove/ Forest Lake $340 116 $330 117 4011 Clayfield/ Hendra $460 57 $450 44 4012 Nundah/ Toombul/ Wavell Heights $380 58 $375 61 2 BEDROOM FLATS/UNITS 4030 Lutwyche/ Windsor/ Wooloowin $430 57 $410 67 BRISBANE CITY COUNCIL AREA $375 5,078 $365 5,125 4031 Gordon Park/ Kedron $410 61 $380 64 Bayside $300 57 $300 50 4051 Alderley/ Enogerra/ Newmarket/ Wilston/ etc. $400 105 $400 118 4178 Lytton/ Wynnum/ Wynnum West $300 43 $300 36 North - Outer $360 398 $360 381 4179 Lota/ Manly/ Manly West $300 14 $295 14 4013 Northgate $380 16 $370 18 City Inner $450 2,170 $430 2,327 4014 Banyo/ Nudgee/ Virginia $375 34 $360 39 4000 Brisbane City/ Spring Hill $540 389 $530 428 4017 Bracken Ridge/ Brighton/ Deagon/ Sandgate/ etc. $360 123 $360 103 4005 New Farm $475 270 $420 250 4018 Fitzgibbon/ Taigum $365 22 $360 19 4006 Bowen Hills/ Fortitude Valley/ Herston/ Newstead $460 247 $445 341 4032 Chermside/ Chermside West $370 61 $360 53 4064 Milton/ Paddington $375 80 $370 84 4034 Aspley/ Boondall/ Carseldine/ Geebung/ Zillmere $360 116 $370 121 4066 Auchenflower/ Toowong $385 344 $370 342 4036 Bald Hills $340 26 $340 28 4067 St Lucia $400 268 $380 273 North West - Inner $465 168 $445 152 4101 Highgate Hill/ South Brisbane/ West End $500 312 $460 327 4059 Kelvin Grove/ Red Hill $480 83 $460 70 4102 Buranda/ Dutton Park/ Wooloongabba $400 55 $370 47 4060 Ashgrove $435 49 $420 44 4169 East Brisbane/ Kangaroo Point $420 204 $420 235 4065 Bardon $525 36 $440 38 North - Inner $340 879 $325 867 North West - Outer $390 263 $375 248 4007 Ascot/ Hamilton $360 119 $360 116 4053 Everton Park/ McDowall/ Mitchelton/ Stafford/ etc. $390 167 $370 147 4010 Albion $350 17 $350 33 4054 Arana Hills/ Keperra $370 51 $365 54 4011 Clayfield/ Hendra $330 164 $325 146 4061 The Gap $400 45 $400 47 4012 Nundah/ Toombul/ Wavell Heights $340 210 $330 180 South - Inner $390 448 $380 454 4030 Lutwyche/ Windsor/ Wooloowin $320 118 $300 144 4103 Annerley/ Fairfield $420 51 $400 51 4031 Gordon Park/ Kedron $315 97 $310 100 4104 Yeronga $440 26 $380 19 4051 Alderley/ Enogerra/ Newmarket/ Wilston/ etc. $340 154 $320 148 4105 Moorooka/ Tennyson/ Yeerongpilly $390 62 $370 54 North - Outer $330 313 $320 180 4120 Greenslopes $440 43 $390 36 4013 Northgate $285 28 $310 19 4121 Holland Park/ Holland Park West/ Tarragindi $390 101 $395 121 4014 Banyo/ Nudgee/ Virginia $350 12 $275 7 4122 Mansfield/ Mt Gravatt/ Wishart/ etc. $370 161 $365 172 4017 Bracken Ridge/ Brighton/ Deagon/ Sandgate/ etc. $270 19 $285 13 South - Outer $360 320 $350 294 4018 Fitzgibbon/ Taigum $240 28 $320 7 4106 Rocklea $330 8 $340 6 4032 Chermside/ Chermside West $380 152 $340 76 4107 Salisbury $360 33 $360 26 4034 Aspley/ Boondall/ Carseldine/ Geebung/ Zillmere $330 74 $320 58 4108 Archerfield/ Coopers Plains $360 26 $350 18 North West - Inner $380 169 $360 197 4109 Macgregor/ Robertson/ Sunnybank/ etc. $360 107 $370 84 4059 Kelvin Grove/ Red Hill $385 122 $360 128 4110 Acacia Ridge/ Willawong $335 44 $320 45 4060 Ashgrove $360 36 $360 56 4112 Kuraby $370 6 $365 13 4065 Bardon $290 11 $295 13 4113 Eight Mile Plains/ Runcorn $360 64 $355 65 North West - Outer $330 79 $320 69 4115 Algester/ Parkinson $360 13 $350 22 4053 Everton Park/ McDowall/ Mitchelton/ Stafford/ etc. $330 75 $305 66 4116 Calamvale/ Drewvale/ Stretton $385 19 $360 15 South - Inner $335 469 $320 459 South East - Inner $420 332 $400 345 4103 Annerley/ Fairfield $330 115 $320 137 4151 Coorparoo $440 37 $410 51 4104 Yeronga $325 42 $330 23 4152 Camp Hill/ Carina/ Carina Heights/ Carindale $395 113 $380 123 4105 Moorooka/ Tennyson/ Yeerongpilly $340 71 $300 55 4170 Cannon Hill/ Morningside/ Norman Park/ etc. $420 98 $400 100 4111 Nathan $250 6 $270 11 Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 7 www.reiq.com.au
  • 8. QUEENSLAND MAR K ET MONITORCONTENTS BRISBANE CITY MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Postcode Postcode Localities Rent New Rent New Localities Rent New Rent New ($) Bonds ($) Bonds ($) Bonds ($) Bonds 2 BEDROOM FLATS/UNITS continued 3 BEDROOM TOWNHOUSES continued 4120 Greenslopes $330 92 $325 102 4032 Chermside/ Chermside West $435 42 $420 22 4121 Holland Park/ Holland Park West/ Tarragindi $335 38 $300 47 4034 Aspley/ Boondall/ Carseldine/ Geebung/ Zillmere $370 55 $360 42 4122 Mansfield/ Mt Gravatt/ Wishart/ etc. $370 105 $360 84 North West - Inner $505 25 $480 24 South - Outer $335 65 $360 56 4059 Kelvin Grove/ Red Hill $520 12 $445 8 4109 Macgregor/ Robertson/ Sunnybank/ etc. $385 41 $385 39 4060 Ashgrove $430 8 $480 8 4115 Algester/ Parkinson $295 11 $280 9 4065 Bardon $520 5 $500 8 South East - Inner $350 409 $330 448 North West - Outer $405 66 $385 52 4151 Coorparoo $340 173 $320 192 4053 Everton Park/ McDowall/ Mitchelton/ Stafford/ etc. $410 54 $390 44 4152 Camp Hill/ Carina/ Carina Heights/ Carindale $360 42 $340 44 4054 Arana Hills/ Keperra $360 5 n.a. 4 4170 Cannon Hill/ Morningside/ Norman Park/ etc. $350 89 $350 98 4061 The Gap $430 7 n.a. 4 4171 Balmoral/ Bulimba/ Hawthorne $370 105 $355 114 South - Inner $410 170 $395 141 South East - Outer $325 9 $340 9 4103 Annerley/ Fairfield $450 39 $440 30 4173 Tingalpa $325 8 $340 8 4104 Yeronga $425 9 $410 11 South West - Inner $360 445 $350 438 4105 Moorooka/ Tennyson/ Yeerongpilly $430 33 $395 24 4068 Chelmer/ Indooroopilly/ Taringa $360 401 $355 391 4120 Greenslopes $500 9 $395 6 4075 Corinda/ Graceville/ Oxley/ Sherwood $320 44 $320 47 4121 Holland Park/ Holland Park West/ Tarragindi $405 16 $415 11 South West - Outer $320 14 $310 25 4122 Mansfield/ Mt Gravatt/ Wishart/ etc. $395 63 $385 59 4078 Ellen Grove/ Forest Lake $335 13 $320 16 South - Outer $375 430 $365 416 4107 Salisbury $465 9 n.a. 2 3 BEDROOM TOWNHOUSES 4109 Macgregor/ Robertson/ Sunnybank/ etc. $380 84 $390 64 BRISBANE CITY COUNCIL AREA $395 1,672 $389 1,482 4112 Kuraby $360 34 $360 23 Bayside $370 74 $370 60 4113 Eight Mile Plains/ Runcorn $390 180 $375 196 4178 Lytton/ Wynnum/ Wynnum West $370 43 $370 28 4115 Algester/ Parkinson $350 49 $340 50 4179 Lota/ Manly/ Manly West $395 31 $375 32 4116 Calamvale/ Drewvale/ Stretton $365 72 $360 74 City Inner $565 88 $530 94 South East - Inner $430 201 $420 216 4000 Brisbane City/ Spring Hill $750 6 n.a. 0 4151 Coorparoo $465 17 $420 23 4005 New Farm $550 6 n.a. 3 4152 Camp Hill/ Carina/ Carina Heights/ Carindale $410 100 $395 106 4006 Bowen Hills/ Fortitude Valley/ Herston/ Newstead $535 9 $490 14 4170 Cannon Hill/ Morningside/ Norman Park/ etc. $440 47 $440 58 4064 Milton/ Paddington $630 14 $550 23 4171 Balmoral/ Bulimba/ Hawthorne $530 29 $490 18 4066 Auchenflower/ Toowong $510 21 $495 33 4172 Murarrie $455 8 $440 11 4067 St Lucia $560 14 $540 16 South East - Outer $405 94 $385 60 4101 Highgate Hill/ South Brisbane/ West End $630 15 n.a. 1 4153 Belmont $410 18 $405 13 North - Inner $450 132 $420 123 4154 Gumdale/ Ransome/ Wakerley $410 54 $385 24 4007 Ascot/ Hamilton $500 10 $500 11 4173 Tingalpa $370 22 $360 18 4011 Clayfield/ Hendra $500 14 $525 14 South West - Inner $470 81 $450 96 4012 Nundah/ Toombul/ Wavell Heights $430 28 $395 22 4068 Chelmer/ Indooroopilly/ Taringa $530 43 $495 52 4030 Lutwyche/ Windsor/ Wooloowin $450 11 $430 8 4075 Corinda/ Graceville/ Oxley/ Sherwood $380 38 $380 44 4031 Gordon Park/ Kedron $430 21 $410 25 South West - Outer $340 127 $350 70 4051 Alderley/ Enogerra/ Newmarket/ Wilston/ etc. $450 48 $420 42 4073 Seventeen Mile Rocks/ Sinnamon Park $395 22 $385 18 North - Outer $370 184 $360 130 4074 Jindalee/ Mt Ommaney/ Sumner/ Westlake/ etc. $415 16 $370 15 4013 Northgate $390 14 $420 7 4077 Doolandella/ Durack/ Inala/ Richlands $330 47 $350 11 4017 Bracken Ridge/ Brighton/ Deagon/ Sandgate/ etc. $355 45 $355 33 4078 Ellen Grove/ Forest Lake $330 38 $335 18 4018 Fitzgibbon/ Taigum $360 28 $350 26 Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 8 www.reiq.com.au
  • 9. BRISBANE CITY HOUSE SALES <$350,000 $350,000+ $500,000+ $1m+ 118 MAR 11 697 910 83 MAR 11 121 DEC 10 799 1064 147 DEC 10 137 BRISBANE SURROUNDS SEP 10 780 1177 124 SEP 10 Median house and unit prices Despite being affected by the floods in January, Ipswich BRISBANE SURROUNDS HOUSE SALES recorded impressive median house price growth over BRISBANE$350,000+ $500,000+ <$350,000 CITY UNIT SALES $1m+ the March quarter, partly due to a big drop in the sale of <$250,000 $250,000+ $350,000+ $500,000+ $1m+ MAR 11 586 779 244 6 MAR 11 affordable homes. The median house price for the Ipswich 37 local government area increased 4.9 per cent to $325,250 over MAR 11 220 478 174 13 MAR DEC 10 34 718 885 291 20 DEC 10 the period. The numbers of preliminary sales were also down about 20 per cent. DEC 10 260 511 239 46 DEC SEP 10 41 815 1009 328 16 SEP 10 Solid performers over the quarter included Bundamba, with a median house price increase of 10.2 per cent to $324,000, and 265 628 SEP 10 REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL INCLUDES 270 37 SEP Collingwood Park, which was up 21.4 per cent to $349,000. Both of these medians were affected by varying quality stock GOLD COAST HOUSE SALES sold over the period with more high-end properties selling in <$350,000 $350,000+ $500,000+ $1m+ the December quarter. BRISBANE SURROUNDS UNIT SALES 25 MAR<$250,000 11 $250,000+ 371 $350,000+ 350 $500,000+ 36 $1m+ MAR 1 The median house price in Logan decreased 2.2 per cent to BRISBANE CITY LAND SALES 20 $352,250 over the March quarter. Preliminary sales were also MAR 11 <$250,000 71 <$350,000 143 58 <$500,000 14 3 $500,000+ MAR down about 21 per cent. DEC 10 376 318 37 DEC 1 MAR 11 21 24 28 8 6 MAR Agents in Logan report that seller expectations across the DEC 10 98 172 79 31 DEC SEP 10 433 332 49 board are about 15 per cent above the level of offers being SEP 1 DEC 10 14 27 26 7 DEC received in the market in January and February. There were also SEP 10 113 231 71 38 3 SEP a greatly reduced number of buyers looking for property at the time. SEP 10 38 INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL 54 34 15 SEP SUNSHINE COAST HOUSE SALES While Logan was only minimally affected by the floods, agents GOLD <$350,000 COAST UNIT$500,000+ $350,000+ SALES $1m+ report that demand from all levels of buyers was low at the <$250,000 $250,000+ $350,000+ 20$500,000+ $1m+ 55 start of the year. Since that time, investors and first home MAR 11 BRISBANE 269 SURROUNDS154 LAND SALES MAR 1 buyers, however, have made a welcome reappearance. <$250,000 <$350,000 <$500,000 $500,000+ MAR 11 8249 307 267 134 33 15 MAR The median house price in Moreton Bay decreased 2.6 per MARDEC 10 11 216 307 47 9 5 178 DEC 1 MAR cent to $380,000 over the quarter. The preliminary numbers of 68 DEC 10 116 291 269 8 178 61 26 DEC house sales were down about 11 per cent. DECSEP 10 10 271 57 4 322 189 SEP 1 DEC Moreton Bay agents say there is limited demand and that SEP 10 104 374 282 191 50 SEP sellers, generally, are not being realistic with their price SEP 10 436 77 12 8 SEP expectations. There is reduced demand from first home buyers Includes REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL and investors with up-graders being the only buyer-type particularly active in the market. There are also down-graders, but they themselves are reportedly having difficulty selling SUNSHINE COAST UNIT SALES GOLD COAST LAND SALES their own homes. The median price of land<$350,000 $350,000+ $500,000+per $1m+ <$250,000 <$250,000 in Moreton Bay increased $500,000+ $250,000+ <$500,000 2.8 cent to $210,700 over the quarter. The highest numbers of In Redcliffe, sellers are starting to be more realistic about the 3 preliminary sales were recorded in North Lakes at 36. The best MAR 1111 MAR 62 17 118 20 97 15 64 22 MA MAR price they can achieve, yet many are continuing to switch performing suburb was Morayfield, up 2.6 per cent to $195,000. agents in the hope that will secure them a higher price. 1 DE DEC 1010 DEC 58 19 7 125 9 102 84 15 DEC The median house price in Redland City decreased 2.8 per cent Median rents to $439,500 over the March quarter. The preliminary numbers Vacancy 10 46 for the140 52 Brisbane area, 77 24 1 6 SEP 10 rates SEP Greater 99 excluding 25 SE SEP of sales were down 15 per cent. Days on market have pushed the Brisbane City area, have also tightened slightly since out to more than 90 days in the region. September, to now have a vacancy rate of 2.7 per cent. Vacant land prices In Ipswich, REIQ agents report flood-affected properties are returning to theSUNSHINE COAST LAND SALES rental pool while government assistance has The median price of vacant land in Ipswich increased 2.8 also helped some displaced residents.<$500,000 rates in Ipswich <$250,000 <$350,000 Vacancy $500,000+ per cent to $185,000 over the quarter. There continues to be have held steady at 2.3 per cent. MAR 11 26 17 15 11 MA healthy sales within a number of new estates in Augustine Heights. Its median price is up 2.9 per cent over the period. In the Redlands, market conditions have tightened since Over the year ending March, an increase in sales was most the last 10 DEC rental survey in September. As 8 the end of March, 36 14 at 3 DE prominent in Brassall, Leichhardt, Springfield and Redbank the vacancy rate was 2.4 per cent, the lowest in the past 12 Plains. months. Agents report a slight oversupply of stock however SE lease renewals are common with tenants preferring 9 stay put. 39 18 18 SEP 10 to Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 9 www.reiq.com.au
  • 10. QUEENSLAND MAR K ET MONITORCONTENTS BRISBANE SURROUNDS 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 2011 2011 qtr Mar 2011 1yr 5yrs Qtr 2011 2011 qtr Mar 2011 1yr 5yrs HOUSES HOUSES continued IPSWICH CITY (LGA) ~ 258 $325,250 4.9% $319,000 -0.3% 40.5% MUNRUBEN ^ ~ 6 $478,750 N/A $498,000 -3.3% 27.7% IPSWICH CITY (LGA) ^ 20 $395,000 -25.5% $507,000 2.2% 42.8% NEW BEITH ^ 7 $516,000 -3.6% $530,000 0.1% 38.9% AUGUSTINE HEIGHTS * 4 N/A N/A $545,000 -0.9% N/A REGENTS PARK ~ 20 $344,500 -9.3% $368,500 1.7% 39.1% BELLBIRD PARK ~ 7 $319,000 4.6% $312,500 -7.3% 42.0% ROCHEDALE SOUTH 24 $409,000 1.0% $411,000 -1.0% 42.3% BOOVAL 5 N/A N/A $287,000 -2.7% 44.9% SHAILER PARK ~ 18 $523,750 6.1% $475,000 2.2% 30.9% BRASSALL ~ 29 $339,000 -11.4% $335,000 -0.9% 32.9% SLACKS CREEK ~ 10 $290,750 3.1% $300,000 1.7% 37.6% BUNDAMBA ~ 10 $324,000 10.2% $291,500 3.6% 39.5% SPRINGWOOD ~ 19 $380,000 -7.3% $410,750 -1.0% 33.5% CAMIRA ~ 11 $365,000 7.7% $352,000 -0.3% 40.8% TANAH MERAH ~ 12 $390,000 0.0% $390,000 -6.4% 30.0% COLLINGWOOD PARK ~ 16 $349,000 21.4% $322,000 -0.9% 23.2% UNDERWOOD ~ 7 $466,000 13.7% $445,000 3.7% 47.8% EAST IPSWICH ~ 4 N/A N/A $271,000 -3.2% 44.1% WATERFORD ~ 10 $372,500 0.4% $389,000 -3.4% N/A EASTERN HEIGHTS ~ 12 $274,000 -4.5% $275,000 -6.0% 41.0% WATERFORD WEST ~ 9 $330,000 N/A $320,000 -3.0% 39.7% FLINDERS VIEW ~ 10 $362,500 5.1% $365,000 -5.7% 46.0% WINDAROO + ~ 4 N/A N/A $440,000 8.6% 39.7% GOODNA ~ 12 $287,000 -8.2% $295,000 -1.7% 40.5% WOODRIDGE ~ 13 $260,000 -6.1% $270,000 0.0% 50.0% IPSWICH ~ 2 N/A N/A $316,000 -4.2% 30.3% KARALEE ^ ~ 4 N/A N/A $515,000 -4.6% 21.2% MORETON BAY (LGA) 681 $380,000 -2.6% $396,000 0.9% 36.6% LEICHHARDT ~ 3 N/A N/A $240,000 -4.0% 35.6% MORETON BAY (LGA) ^ 79 $570,000 1.8% $595,000 2.6% 33.7% NEWTOWN ~ 3 N/A N/A $312,500 -6.0% 38.9% ALBANY CREEK 20 $532,500 2.6% $523,000 7.3% 44.5% NORTH BOOVAL ~ 3 N/A N/A $285,000 -5.2% 46.7% ARANA HILLS ~ 13 $416,000 -6.5% $440,000 1.5% 33.3% NORTH IPSWICH ~ 14 $281,000 -13.5% $289,750 1.7% 38.0% BANKSIA BEACH ~ f 12 $460,000 12.2% $475,000 -1.5% 13.1% ONE MILE 6 N/A N/A $249,000 1.6% 35.0% BEACHMERE ~ f 2 N/A N/A $344,000 -5.1% 31.3% RACEVIEW 13 $302,500 -2.4% $312,000 -2.5% 36.8% BELLARA 9 $317,500 N/A $335,000 -2.8% 16.5% REDBANK PLAINS ~ 14 $316,000 9.0% $300,000 -4.8% 45.3% BELLMERE ~ 15 $340,000 -6.8% $354,000 -3.3% 19.3% RIVERVIEW ~ 3 N/A N/A $227,500 -10.8% 33.0% BONGAREE ~ f * 15 $475,000 29.6% $425,000 8.1% 32.8% ROSEWOOD 4 N/A N/A $276,500 6.3% 39.6% BRAY PARK ~ 21 $344,500 -1.6% $359,900 -4.0% 38.4% SILKSTONE ~ 7 $245,500 -1.8% $265,000 -3.6% 31.8% BURPENGARY ~ 19 $345,000 -6.8% $370,000 -3.3% 41.2% SPRINGFIELD ~ 18 $365,000 -10.9% $381,500 4.5% 28.0% BURPENGARY ^ 7 $515,000 -2.8% $536,000 -0.7% 30.7% SPRINGFIELD LAKES 23 $390,000 -3.2% $399,000 0.3% 29.6% CABOOLTURE 23 $299,000 -2.3% $310,000 -1.6% 40.5% YAMANTO 7 $350,000 0.0% $350,000 -1.4% 29.6% CABOOLTURE ^ ~ 5 $470,000 9.6% $476,000 0.2% 35.1% CABOOLTURE SOUTH ~ 8 $247,500 -16.8% $289,000 -2.0% 34.4% LOGAN CITY (LGA) 356 $352,250 -2.2% $360,000 0.6% 46.9% CASHMERE 6 N/A N/A $530,000 -1.9% 25.6% LOGAN CITY (LGA) ^ ~ 86 $514,000 1.3% $515,000 0.0% 29.7% CASHMERE ^ 5 $612,500 N/A $710,000 1.4% 36.5% BAHRS SCRUB ^ ~ 9 $1,652,750 N/A N/A N/A N/A CLONTARF ~ 22 $360,000 -3.4% $366,500 -0.4% 34.7% BEENLEIGH ~ 14 $342,500 7.6% $326,500 -2.4% 37.2% DECEPTION BAY ~ 35 $302,500 -4.7% $314,000 -3.4% 33.1% BERRINBA * 11 $407,900 2.0% $400,900 1.0% N/A EATONS HILL 17 $525,000 2.4% $512,375 -1.9% 32.7% BETHANIA ~ 6 N/A N/A $302,500 -5.5% 34.4% ELIMBAH ^ ~ 5 $435,000 -5.4% $501,000 1.2% 32.6% BORONIA HEIGHTS 4 N/A N/A $312,000 -2.5% 38.7% EVERTON HILLS ~ 13 $462,000 -9.4% $469,500 3.0% 49.5% BROWNS PLAINS ~ 13 $285,000 -6.9% $310,000 -5.5% 36.0% FERNY HILLS 25 $435,000 -1.5% $458,000 4.1% 48.2% CEDAR GROVE ^ ~ 0 N/A N/A $392,500 -8.3% 20.0% GRIFFIN 5 N/A N/A $410,000 1.2% 34.9% CEDAR VALE ^ 3 N/A N/A $446,750 3.5% 45.0% HIGHVALE ^ 0 N/A N/A $778,750 N/A 31.5% CORNUBIA ~ 10 $499,000 -8.1% $490,000 3.7% 34.2% JOYNER 4 N/A N/A $475,000 5.6% N/A CRESTMEAD 24 $311,000 1.3% $312,000 -1.9% 46.5% KALLANGUR 41 $345,000 0.0% $346,700 -2.3% 37.3% DAISY HILL ~ 12 $477,500 24.7% $425,000 6.3% 44.1% KIPPA-RING ~ 19 $350,000 2.9% $350,000 -5.4% 26.8% EAGLEBY 11 $275,000 -3.4% $283,500 -2.9% 48.0% LAWNTON ~ 11 $345,000 -0.7% $346,250 -0.6% 40.2% EDENS LANDING ~ 10 $344,750 -5.5% $360,000 -1.4% 28.5% MANGO HILL ~ 21 $423,000 N/A $442,500 -4.3% 29.3% FORESTDALE ^ ~ 5 $660,000 7.3% $670,000 10.3% 35.6% MARGATE ~ 21 $329,500 -12.1% $385,000 2.5% 42.3% GREENBANK ^ ~ 5 $655,000 21.1% $505,000 -5.1% 26.3% MORAYFIELD ~ 28 $315,000 -2.3% $325,000 -4.1% 30.0% HERITAGE PARK ~ 11 $350,000 -9.3% $390,000 -6.1% 23.0% MORAYFIELD ^ ~ 10 $477,500 -14.0% $550,000 -6.6% 31.3% HILLCREST ~ 9 $325,000 -5.1% $340,000 0.9% 43.3% MURRUMBA DOWNS ~ 30 $395,000 -7.5% $430,000 -2.3% 31.8% JIMBOOMBA ~ 7 $386,000 5.8% $391,000 -10.6% 52.7% NARANGBA ~ 32 $420,000 2.4% $421,950 -4.6% 29.8% JIMBOOMBA ^ 25 $481,000 1.3% $480,000 4.3% 40.4% NEWPORT ~ f 5 N/A N/A $815,000 9.4% N/A KINGSTON ~ 15 $255,000 -3.0% $277,250 -3.6% 48.3% NINGI ^ 7 $460,000 N/A $467,500 -1.6% 21.7% LOGAN CENTRAL 3 N/A N/A $275,000 -1.1% 48.6% NORTH LAKES ~ * 67 $430,000 -4.4% $445,000 0.0% 22.4% LOGAN VILLAGE ^ ~ 3 N/A N/A $497,500 -4.3% 29.2% PETRIE ~ 18 $385,000 11.6% $383,500 -0.4% 41.0% LOGANHOLME ~ 11 $335,000 -13.0% $370,000 0.0% 36.0% REDCLIFFE ~ 12 $388,350 6.1% $380,000 5.6% 38.2% LOGANLEA ~ 7 $285,000 -10.4% $316,000 -0.6% 44.3% ROTHWELL ~ 7 $385,000 -9.6% $385,000 0.3% 14.9% MARSDEN ~ 11 $365,000 14.1% $325,000 1.3% 46.2% SAMFORD VALLEY ^ 6 $735,000 N/A $825,000 3.1% 33.5% MEADOWBROOK 7 $380,000 N/A $385,000 -1.8% 30.3% SANDSTONE POINT ~ 11 $388,000 5.9% $388,000 -1.8% 22.4% MOUNT WARREN PARK ~ 8 $323,000 -4.0% $367,000 0.5% 38.0% SCARBOROUGH ~ f 14 $410,000 -6.8% $450,000 0.3% 9.8% MUNDOOLUN ^ ~ 4 N/A N/A $479,000 -3.3% N/A STRATHPINE 17 $360,000 -0.6% $347,500 -1.3% 41.8% Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 10 www.reiq.com.au
  • 11. BRISBANE SURROUNDS 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 2011 2011 qtr Mar 2011 1yr 5yrs Qtr 2011 2011 qtr Mar 2011 1yr 5yrs HOUSES continued VACANT URBAN LAND UPPER CABOOLTURE ^ ~ 4 N/A N/A $511,000 -6.6% 14.2% IPSWICH CITY (LGA) 67 $185,000 2.8% $179,000 2.3% 27.9% WARNER ~ 15 $420,000 -12.5% $477,500 4.1% 37.8% IPSWICH CITY (LGA) ^ * 6 N/A N/A $265,500 11.3% 39.7% WOODY POINT 6 N/A N/A $399,000 5.0% 45.1% AUGUSTINE HEIGHTS * 12 $241,250 2.9% $235,000 4.9% 20.5% WOORIM 4 N/A N/A $429,000 2.1% 12.9% BELLBIRD PARK * 2 N/A N/A $240,000 17.1% 60.0% BRASSALL ~ * 4 N/A N/A $178,000 -1.1% 24.9% REDLAND CITY (LGA) 320 $439,500 -2.8% $460,000 0.0% 31.4% BROOKWATER + * ~ 3 N/A N/A $295,000 -1.7% 18.0% REDLAND CITY (LGA) ^ ~ 13 N/A N/A $820,000 -1.4% 22.7% CHUWAR * 3 N/A N/A $197,000 -0.5% N/A ALEXANDRA HILLS 43 $405,000 -1.8% $410,000 0.0% 39.0% GOODNA 1 N/A N/A $180,000 2.9% 27.7% BIRKDALE ~ 28 $434,000 -4.1% $450,000 -4.5% 23.3% KARALEE ^ * 1 N/A N/A $265,000 2.5% 32.5% CAPALABA ^ ~ 4 N/A N/A $790,000 -4.8% 22.3% LEICHHARDT * 4 N/A N/A $178,150 N/A N/A CAPALABA ~ 22 $380,000 -4.7% $404,500 -1.3% 34.8% NORTH BOOVAL * 1 N/A N/A $195,000 6.0% N/A CLEVELAND ~ 30 $455,000 -16.5% $532,500 4.3% 29.9% RACEVIEW * 1 N/A N/A $179,000 12.6% 23.4% MACLEAY ISLAND ~ 9 $250,000 0.0% $256,250 11.4% 26.9% REDBANK PLAINS * 17 $175,000 0.0% $175,000 2.9% 0.0% MOUNT COTTON 16 $443,500 -2.2% $468,400 2.5% 45.7% SPRINGFIELD * 2 N/A N/A $175,000 N/A 6.1% ORMISTON f 10 $425,000 -20.0% $584,000 -1.0% 24.9% SPRINGFIELD LAKES ~ * 10 $210,500 17.3% $179,900 6.4% 59.1% REDLAND BAY ~ 45 $461,000 -4.7% $490,000 0.0% 35.0% RUSSELL ISLAND ~ f 7 $200,000 18.3% $197,000 -16.2% 15.9% LOGAN CITY (LGA) 26 $233,000 0.9% $211,900 0.9% 43.2% THORNESIDE f 2 $495,000 -1.2% $486,500 8.8% 42.6% LOGAN CITY (LGA) ^ ~ * 19 $235,000 N/A $262,750 7.2% 59.2% THORNLANDS 33 $550,000 0.9% $545,000 1.3% 29.8% BAHRS SCRUB * 1 N/A N/A $235,000 -1.3% N/A THORNLANDS ^ 1 N/A N/A $865,000 N/A 23.6% BORONIA HEIGHTS + 0 N/A N/A N/A N/A N/A VICTORIA POINT ~ 37 $440,000 -4.2% $470,000 0.6% 27.0% CRESTMEAD * 2 N/A N/A $205,000 N/A 41.4% WELLINGTON POINT ~ f 32 $496,500 -8.1% $540,000 2.9% 34.3% GREENBANK ^ ~ * 3 N/A N/A $260,000 7.7% 52.0% HILLCREST 2 N/A N/A $215,000 2.4% N/A UNITS & TOWNHOUSES HOLMVIEW 1 N/A N/A $214,900 1.9% N/A IPSWICH CITY (LGA) - 12 N/A N/A $258,250 3.1% 43.2% JIMBOOMBA 3 N/A N/A $186,500 0.9% 45.1% BRASSALL 2 N/A N/A $290,000 6.8% 46.8% JIMBOOMBA ^ ~ * 6 $218,450 N/A $220,000 10.6% 43.8% LOGANLEA * 1 N/A N/A $225,000 16.0% 46.1% LOGAN CITY (LGA) 104 $260,000 -1.3% $265,000 -3.6% 65.6% MARSDEN 2 N/A N/A $195,000 2.1% 34.5% BEENLEIGH * 7 $190,000 -16.7% $225,000 -2.6% 60.7% UNDERWOOD * 1 N/A N/A $340,000 1.5% 58.1% EAGLEBY ~ * 6 N/A N/A $257,500 -18.0% 98.1% WATERFORD * 1 N/A N/A $189,500 7.1% 40.4% ROCHEDALE SOUTH 7 $255,000 N/A $277,000 -3.1% 48.5% WINDAROO + 0 N/A N/A N/A N/A N/A SHAILER PARK 6 N/A N/A $317,000 8.4% 71.4% SLACKS CREEK 11 $231,000 -5.3% $234,000 -2.5% 51.0% MORETON BAY (LGA) + * f 135 $210,700 2.8% $203,500 0.7% 21.1% SPRINGWOOD 6 N/A N/A $277,750 -2.0% 52.2% MORETON BAY (LGA) ^ * 20 $370,000 0.3% $360,000 -8.2% 33.3% UNDERWOOD * 6 N/A N/A $384,500 20.9% 45.4% BANKSIA BEACH + * f 4 N/A N/A $455,000 1.1% 50.7% WOODRIDGE * 11 $180,000 -14.3% $213,500 0.9% 66.8% CABOOLTURE 21 $192,500 -0.1% $195,000 1.7% 28.3% CASHMERE * 1 N/A N/A $322,000 9.2% 65.1% MORETON BAY (LGA) - 125 $316,546 -2.9% $337,000 2.1% 39.3% DAKABIN * 4 N/A N/A $210,000 -1.2% 38.8% BONGAREE * f 14 $282,500 0.9% $353,500 12.0% 30.0% GRIFFIN * 3 N/A N/A $205,000 -1.4% -50.0% BRENDALE 4 N/A N/A $285,000 1.1% 42.5% KALLANGUR * 5 $210,700 N/A $213,200 13.4% 41.0% BURPENGARY 6 N/A N/A $315,000 9.8% 30.4% MORAYFIELD * 13 $195,000 2.6% $195,000 2.6% 30.0% CABOOLTURE * 6 N/A N/A $240,000 -15.8% 83.2% MURRUMBA DOWNS ~ * 4 N/A N/A $226,250 -23.3% 31.2% DECEPTION BAY * 6 N/A N/A $318,000 20.0% 33.1% NARANGBA * 10 $213,250 -5.0% $220,000 -5.6% 29.4% KALLANGUR * ~ 5 N/A N/A $301,000 -10.1% 27.4% NINGI 0 N/A N/A $234,900 3.1% 37.8% KIPPA-RING * 3 N/A N/A $335,000 -0.1% 43.2% NORTH LAKES ~ * 36 $212,750 -15.9% $211,000 7.0% 33.5% MANGO HILL * 5 N/A N/A $365,000 N/A N/A SAMFORD VALLEY ^ * 2 N/A N/A $490,000 -2.0% 33.3% MARGATE ~ * 5 N/A N/A $360,000 -10.0% 9.1% UPPER CABOOLTURE * 5 $199,000 N/A N/A N/A N/A MURRUMBA DOWNS * 10 $346,500 2.7% $346,000 -0.9% N/A WARNER * 15 $230,000 -2.1% $232,000 0.9% 39.3% NINGI * 1 N/A N/A $339,900 N/A N/A REDCLIFFE * f 17 $305,000 -25.8% $360,000 -4.0% 14.3% REDLAND CITY (LGA) ³ ~ * 52 $47,000 -21.7% $81,000 -66.5% -59.1% SCARBOROUGH * f 10 $418,750 14.7% $415,294 -5.3% 7.5% Redland City - Bay Islands ~ f 38 $38,500 10.0% $38,000 -20.1% 0.0% WOODY POINT * f 3 N/A N/A $400,000 -7.4% 36.8% Redland City - Mainland * f 14 $288,250 -1.1% $290,000 7.4% 28.9% MACLEAY ISLAND ~ f 7 $53,000 N/A $52,000 -5.5% 4.0% REDLAND CITY (LGA) * f 48 $350,000 0.0% $352,000 -2.1% 35.4% REDLAND BAY * 1 N/A N/A $300,000 11.1% 44.2% CAPALABA 7 $312,500 0.0% $310,000 1.6% 44.2% RUSSELL ISLAND ~ f 30 $30,000 -13.5% $35,000 -12.5% 12.9% CLEVELAND f 15 $422,000 8.9% $385,000 -3.8% 37.5% THORNLANDS ~ * 3 N/A N/A $285,000 14.9% 28.7% THORNESIDE ~ 4 N/A N/A $297,500 -4.0% 45.1% VICTORIA POINT ~ * 6 $265,500 N/A $265,500 0.2% 20.7% VICTORIA POINT 2 N/A N/A $348,500 7.6% 32.8% WELLINGTON POINT ~ f 1 N/A N/A $326,500 5.3% 19.8% Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 11 www.reiq.com.au
  • 12. QUEENSLAND MAR K ET MONITORCONTENTS BRISBANE SURROUNDS MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Postcode Postcode Localities Rent New Rent New Localities Rent New Rent New ($) Bonds ($) Bonds ($) Bonds ($) Bonds 3 BEDROOM HOUSES 3 BEDROOM HOUSES continued IPSWICH CITY COUNCIL AREA $285 793 $275 771 4160 Ormiston/ Wellington Point $380 38 $370 36 4300 Brookwater/ Camira/ Springfield Lakes/ etc. $320 177 $310 165 4161 Alexandra Hills $370 39 $360 42 4301 Collingwood Park/ Redbank/ Redbank Plains $290 85 $280 84 4163 Cleveland $380 41 $380 44 4303 Dinmore/ Riverview $260 20 $260 29 4164 Thornlands $350 8 $380 18 4304 Blackstone/ Bundamba/ Silkstone/ etc. $270 92 $260 84 4165 Mt Cotton/ Redland Bay/ Victoria Point/ etc. $360 64 $360 61 4305 Brassall/ Leichhardt/ Raceview/ Yamanto/ etc. $275 342 $265 324 4183 Amity / Dunwich/ Nth Stradbroke Is/ Point Lookout $300 8 n.a. 4 4306 Barellan Point/ Karalee/ Willowbank/ etc. $300 50 $290 58 4184 Coochiemudlo Is/ Macleay Is/ Russell Is/ etc. $225 56 $220 41 4340 Ebenezer/ Grandchester/ Rosewood/ etc. $270 26 $270 25 2 BEDROOM FLATS/UNITS LOGAN CITY COUNCIL AREA $320 884 $315 890 IPSWICH CITY COUNCIL AREA $240 192 $235 143 4114 Kingston/ Logan Central/ Woodridge $300 149 $300 161 4300 Brookwater/ Camira/ Springfield Lakes/ etc. $250 29 $230 17 4118 Browns Plains/ Heritage Park/ Regents Park/ etc. $320 104 $320 107 4301 Collingwood Park/ Redbank/ Redbank Plains $240 45 $250 37 4119 Underwood $330 6 $330 10 4304 Blackstone/ Bundamba/ Silkstone/ etc. $240 34 $235 30 4123 Rochedale/ Rochedale South $360 50 $350 56 4305 Brassall/ Leichhardt/ Raceview/ Yamanto/ etc. $225 79 $225 58 4124 Boronia Heights/ Greenbank/ New Beith/ etc. $310 48 $320 28 4125 Munruben/ Park Ridge/ Park Ridge South² $410 10 $340 6 LOGAN CITY COUNCIL AREA $250 249 $240 224 4127 Daisy Hill/ Slacks Creek/ Springwood/ etc. $350 102 $325 107 4114 Kingston/ Logan Central/ Woodridge $240 92 $240 82 4128 Shailer Park/ Tanah Merah $370 32 $350 16 4118 Browns Plains/ Heritage Park/ Regents Park/ etc. $265 8 n.a. 2 4129 Loganholme $345 21 $330 18 4123 Rochedale/ Rochedale South $270 8 $280 7 4130 Carbrook/ Cornubia $350 12 $370 11 4127 Daisy Hill/ Slacks Creek/ Springwood/ etc. $300 27 $275 24 4131 Loganlea/ Meadowbrook $315 33 $320 27 4128 Shailer Park/ Tanah Merah $285 10 $280 11 4132 Crestmead/ Marsden $310 72 $310 89 4131 Loganlea/ Meadowbrook $230 5 n.a. 3 4133 Chambers Flat/ Logan Reserve/ Waterford/ etc. $340 31 $340 26 4133 Chambers Flat/ Logan Reserve/ Waterford/ etc. $245 8 $245 9 4205 Bethania $305 22 $310 33 4207 Beenleigh/ Eagleby/ Mt Warren Park/ etc. $240 83 $240 72 4207 Beenleigh/ Eagleby/ Mt Warren Park/ etc. $310 166 $300 171 4280 Jimboomba/ North Maclean/ South Maclean/ etc. $360 22 $350 22 MORETON BAY REGIONAL COUNCIL AREA $270 429 $260 387 Caboolture Region $250 152 $260 144 MORETON BAY REGIONAL COUNCIL AREA $320 1,047 $320 1,005 4506 Moorina/ Morayfield $260 12 n.a. 4 Caboolture Region $290 487 $290 432 4507 Banksia Beach/ Bellara/ Bongaree/ Woorim/ etc. $260 32 $250 44 4504 Narangba $300 10 $315 14 4508 Deception Bay $290 21 $285 22 4505 Burpengary $320 27 $320 23 4510 Beachmere/ Caboolture/ Upper Caboolture/ etc. $240 80 $255 61 4506 Moorina/ Morayfield $285 47 $290 54 Pine Rivers Region $275 104 $270 107 4507 Banksia Beach/ Bellara/ Bongaree/ Woorim/ etc. $310 43 $300 51 4500 Bray Park/ Cashmere/ Strathpine/ Warner/ etc. $275 38 $270 39 4508 Deception Bay $295 100 $290 102 4501 Lawnton $230 12 $230 9 4510 Beachmere/ Caboolture/ Upper Caboolture/ etc. $280 192 $280 134 4502 Petrie $250 5 $200 8 4511 Godwin Beach/ Ningi/ Sandstone Pt $300 34 $320 23 4503 Dakabin/ Griffin/ Kallangur/ Murrumba Downs/ etc. $275 32 $275 42 4512 Bracalba/ Wamuran/ Wamuran Basin $350 8 n.a. 4 4509 Mango Hill/ North Lakes $280 11 $270 6 4514 DAguilar/ Delaneys Ck/ Neurum/ Woodford/ etc. $300 24 $280 22 Redcliffe Region $270 173 $255 136 Pine Rivers Region $350 329 $350 369 4019 Clontarf/ Margate/ Woody Point $250 74 $245 55 4035 Albany Creek/ Bridgeman Downs $390 27 $360 24 4020 Redcliffe/ Scarborough $275 93 $270 78 4037 Eatons Hill $400 7 $395 11 4021 Kippa-Ring $270 6 n.a. 3 4055 Bunya/ Ferny Grove/ Ferny Hills/ Upper Kedron $400 23 $370 57 4500 Bray Park/ Cashmere/ Strathpine/ Warner/ etc. $340 62 $340 67 REDLAND CITY COUNCIL AREA $295 94 $310 87 4501 Lawnton $330 16 $320 19 4157 Capalaba/ Capalaba West/ Sheldon $178 18 $285 15 4502 Petrie $340 26 $320 27 4158 Thorneside $285 12 $290 8 4503 Dakabin/ Griffin/ Kallangur/ Murrumba Downs/ etc. $330 88 $330 87 4159 Birkdale $207 9 $300 5 4509 Mango Hill/ North Lakes $360 62 $360 55 4160 Ormiston/ Wellington Point $300 6 $260 6 4520 Camp Mountain/ Highvale/ Samford Village/ etc. $400 8 $400 14 4163 Cleveland $340 42 $375 42 4521 Dayboro/ Mt Pleasant/ Ocean View/ etc. $340 10 $335 8 Redcliffe Region $330 231 $320 204 3 BEDROOM TOWNHOUSES 4019 Clontarf/ Margate/ Woody Point $330 101 $320 88 IPSWICH CITY COUNCIL AREA $300 92 $300 105 4020 Redcliffe/ Scarborough $330 86 $320 77 4300 Brookwater/ Camira/ Springfield Lakes/ etc. $320 26 $330 37 4021 Kippa-Ring $320 26 $330 34 4301 Collingwood Park/ Redbank/ Redbank Plains $295 19 $290 31 4022 Rothwell $330 18 $320 5 4304 Blackstone/ Bundamba/ Silkstone/ etc. $300 20 $300 19 4305 Brassall/ Leichhardt/ Raceview/ Yamanto/ etc. $300 26 $275 15 REDLAND CITY COUNCIL AREA $360 339 $360 320 4157 Capalaba/ Capalaba West/ Sheldon $360 44 $360 45 LOGAN CITY COUNCIL AREA $320 282 $310 276 4158 Thorneside $350 11 $350 13 4114 Kingston/ Logan Central/ Woodridge $310 28 $290 41 4159 Birkdale $380 30 $380 16 4118 Browns Plains/ Heritage Park/ Regents Park/ etc. $330 43 $330 36 Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 12 www.reiq.com.au
  • 13. BRISBANE SURROUNDS MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Postcode Postcode Localities Rent New Rent New Localities Rent New Rent New ($) Bonds ($) Bonds ($) Bonds ($) Bonds 3 BEDROOM TOWNHOUSES continued 3 BEDROOM TOWNHOUSES continued 4119 Underwood $395 11 $385 16 4055 Bunya/ Ferny Grove/ Ferny Hills/ Upper Kedron $335 5 $350 6 4123 Rochedale/ Rochedale South $320 6 $350 7 4500 Bray Park/ Cashmere/ Strathpine/ Warner/ etc. $335 41 $324 38 4127 Daisy Hill/ Slacks Creek/ Springwood/ etc. $320 37 $300 42 4501 Lawnton $340 15 $330 9 4128 Shailer Park/ Tanah Merah $310 12 n.a. 4 4502 Petrie $345 10 n.a. 0 4131 Loganlea/ Meadowbrook $345 34 $340 22 4503 Dakabin/ Griffin/ Kallangur/ Murrumba Downs/ etc. $330 105 $330 72 4132 Crestmead/ Marsden $300 14 $300 6 4509 Mango Hill/ North Lakes $320 26 n.a. 4 4133 Chambers Flat/ Logan Reserve/ Waterford/ etc. $300 9 $295 12 Redcliffe Region $325 100 $320 56 4207 Beenleigh/ Eagleby/ Mt Warren Park/ etc. $315 83 $310 79 4019 Clontarf/ Margate/ Woody Point $335 9 $315 14 4020 BRISBANE CITY HOUSE SALES Redcliffe/ Scarborough $330 16 $330 10 MORETON BAY REGIONAL COUNCIL AREA $320 496 $315 313 4021 Kippa-Ring <$350,000 $350,000+ $325 $500,000+ 61 $1m+ $315 27 Caboolture Region $295 187 $295 125 4022 Rothwell 118 $290 14 $315 5 4505 Burpengary $300 39 $300 37 MAR 11 697 910 83 MAR 4506 Moorina/ Morayfield $290 37 n.a. 4 REDLAND CITY COUNCIL AREA $365 75 $360 82 121 4507 Banksia Beach/ Bellara/ Bongaree/ Woorim/ etc. $300 12 $300 14 4157 Capalaba/ Capalaba West/ Sheldon $350 5 $345 12 4508 Deception Bay $295 62 $290 41 415810 Thorneside DEC 799 1064 $350 10 147 $350 15 DEC 4510 Beachmere/ Caboolture/ Upper Caboolture/ etc. $285 34 $280 21 4160 137 Ormiston/ Wellington Point $360 12 $360 13 Pine Rivers Region $330 209 $330 132 416310 Cleveland $400 25 $350 21 SEP 780 1177 124 SEP 4035 Albany Creek/ Bridgeman Downs $370 5 n.a. 3 4165 Mt Cotton/ Redland Bay/ Victoria Point/ etc. $365 17 $360 15 GOLD COAST CITY BRISBANE SURROUNDS HOUSE SALES Median house and unit prices Over the quarter, the Gold Coast unit and townhouse market BRISBANE$350,000+ <$350,000 CITY UNIT $500,000+ SALES $1m+ decreased 2.7 per $250,000+ $350,000+ to $500,000+ The <$250,000 cent in median price $355,000. $1m+ The Gold Coast’s median house price remained steady at preliminary numbers of sales were also244 6 about 10 per 37 586 down MAR 11 779 MAR 1 $490,000 over the March quarter. The region was also one of cent on the previous quarter. MAR 11 220 478 174 13 MAR 11 the few areas across the state to record a stable number of 34 preliminary sales. There has been a distinct slow-down in high-end unit sales. DEC 10 718 885 291 20 DEC 1 Local10 DEC are 511 239 46 agents 260 reporting that the majority of sales are DEC 10 REIQ accredited agents say the market remained relatively 41 occurring in the815 sub-$400,000-price bracket as buyers search SEP 10 1009 328 16 SEP 1 stable over the March quarter, possibly due to the Gold Coast forSEP 10 elusive bargain. that 265 628 270 37 SEP 10 region being one of the few not affected by Queensland’s INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL summer of natural disasters. However, the market remains quite patchy with sales under GOLD COAST HOUSE SALES $500,000 reasonably stable but sales above $1 million having BRISBANE SURROUNDS UNIT SALES$1m+ <$350,000 $350,000+ $500,000+ experienced some downward price movement. <$250,000 25 $250,000+ $350,000+ $500,000+ $1m+ MAR 11 371 350 36 MAR The poor state of the Gold Coast’s tourism and construction MAR 11 71 143 58 14 3 MAR 11 20 industries are continuing to impact the property market, with many people leaving the region to find work in Brisbane or DEC 10 376 318 37 DEC DEC 10 98 172 79 31 DEC 10 mining areas. 24 Looking ahead, the Gold Coast is hopeful of securing the rights SEP 10 SEP 10 113 433 231 332 71 49 38 3 SEP SEP 10 to host the 2018 Commonwealth Games, and funds have also been made available for its light rail infrastructure project, INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL which local agents say, will help underpin the region’s market in the years ahead. GOLD COAST UNITHOUSE SALES SUNSHINE COAST SALES <$250,000 $250,000+ $350,000+ $500,000+ $1m+ Solid performers over the March quarter for median house <$350,000 $350,000+ $500,000+ $1m+ price growth included Currumbin Waters, Elanora and 55 20 MAR 11 82 307 267 134 33 MAR 11 Oxenford. MAR 11 269 154 MAR 49 Currumbin Water’s median house price increased 6 per cent 15 DEC 10 116 291 269 178 61 DEC 10 to $515,000; Elanora’s was up 8 per cent to $523,747; and DEC 10 307 178 DEC Oxenford’s increased 11.9 per cent to $491,000 – partly due to 68 26 varying quality of stock sold over the period. SEP 10 SEP 10 104 374 322 282 191 189 50 SEP 10 SEP Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 13 SUNSHINE COAST UNIT SALES www.reiq.com.au
  • 14. QUEENSLAND MAR K ET BRISBANE CITY LAND SALES TOOWOOMBA LAND SALES MONITOR MAR 11 <$250,000 21 28 <$350,000 8 6 <$500,000 $500,000+ MAR 11 <$250,000 26 3 1 <$350,000 $350,000+CONTENTS GOLD COAST 26 7 DEC 10 14 27 CITY DEC 10 73 1 0 For example, the Oracle unit development at Broadbeach – Local agents say the only land56 available left to development is SEP 10 38 54 34 15 SEP 10 5 0 where the majority of units sell for more than $1 million – had at the northern end of the Gold Coast. Coomera on the Coast’s only two sales during the March quarter compared to nearly 20 northern border recorded the most preliminary number of during the December quarter. sales, at 11 over the quarter. Its median price decreased 0.8 per In fact the number of $1 million-plus units sold SALESGold cent to $238,000 over the period. BRISBANE SURROUNDS LAND on the FRASER COAST LAND SALES Coast have nearly halved compared to the December quarter <$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$350,000 $350,000+ with 33 recorded this quarter, compared to 61 previously. Median rents MAR 11 216 47 9 5 The median rent for a two-bedroom unit on1the Gold Coast MAR 11 32 1 Median vacant land prices 8 stayed stable at $350 per week between March 2011 and DEC 10 271 57 4 The median price of land on the Gold Coast decreased 6.4 March last year. The median rent for a three-bedroom house DEC 10 32 7 4 per cent $261,950 over the March quarter. The region only increased $5 per week to $400 over the same period. recorded 44 preliminary sales for vacant land under77 12 8 2 SEP 10 436 2,4000m While REIQ agents on the Gold Coast are reporting slower SEP 10 53 30 over the period which highlights the lack of vacant land market conditions and a slight oversupply of stock, the REIQ’s available inLOGAN, IPSWICH & MORETON BAY REGIONAL Includes REDLAND, the region. rental survey results showed a vacancy rate of 3.6 per cent, indicating that market conditions appear to have tightened GOLD COAST LAND SALES since September last year when vacancy rates were at 4.3 per BUNDABERG LAND SALES cent. <$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$350,000 $350,000+ 3 Agents also report the quality of rental stock has improved as a MAR 11 17 20 15 number of holiday lettings in resort-style complexes have been MAR 11 26 0 1 put into the permanent rental market, given the slowdown 1 in the tourism industry. This in turn has created competition DEC 10 19 7 9 in terms of asking prices, with units and townhouses in1 0 DEC 10 40 complexes with less or no resort features reducing their asking SEP 10 52 25 16 rents in10 SEP order to secure tenants. 44 02 MEDIAN SALES DATA SUNSHINE COAST LAND SALES MEDIAN SALES DATA LAND SALES GLADSTONE Suburb/ Number of Mar change 12 mths to change change Suburb/ <$250,000 <$350,000 <$500,000 of $500,000+ <$250,000 of Number Mar change <$350,000 12 mths to change change $350,000+ Locality Sales Mar Qtr over the end over over Locality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs Qtr 2011 2011 qtr Mar 2011 1yr 5yrs HOUSES MAR 11 26 17 15 11 MAR 11 HOUSES continued 47 6 5 GOLD COAST CITY (LGA) 782 $490,000 0.0% $495,000 0.0% 22.2% MERRIMAC 9 $440,000 7.6% $415,500 0.4% 22.9% GOLD COAST CITY (LGA) ^ 68 $650,000 -1.5% $700,000 2.2% 23.9% MIAMI ~ 9 $515,000 -14.8% $535,000 -0.9% 25.9% DEC 10 36 14 8 3 DEC 10 88 2 1 ARUNDEL 19 $500,000 3.7% $464,500 -1.0% 16.1% MOLENDINAR 8 $499,250 N/A $494,000 -3.6% 19.0% ASHMORE ~ 16 $420,000 -11.6% $460,000 -4.7% 18.7% MUDGEERABA 33 $450,000 -1.3% $465,500 -1.8% 25.8% BENOWA + * f 8 $521,250 N/A $780,000 8.3% 29.8% MUDGEERABA ^ 8 $630,000 7.5% $702,500 7.7% 26.6% SEP 10 39 18 18 9 SEP 10 57 4 2 BIGGERA WATERS ~ f 9 $400,000 -10.5% $450,000 -18.6% 7.1% NERANG 20 $392,500 6.1% $377,000 -2.1% 21.6% BONOGIN ^ ~ 5 $690,000 19.9% $680,000 3.4% 38.5% NERANG ^ 3 N/A N/A $750,000 0.7% 15.4% BROADBEACH WATERS ~ f 23 $730,000 5.0% $767,500 -9.7% 17.2% ORMEAU 26 $451,250 0.4% $447,000 1.6% 20.8% BUNDALL ~ f 9 $783,300 -36.3% $960,000 13.6% 47.7% ORMEAU ^ 2 N/A N/A $659,500 -3.0% 20.5% BURLEIGH HEADS ~ f 13 $514,000 -7.8% $560,000 -1.1% 11.2% OXENFORD ~ 18 $491,000 11.9% $445,000 -1.1% 25.4% BURLEIGH WATERS 39 $528,500 -3.0% $544,500 -3.3% 21.0% PACIFIC PINES 42 $460,000 -2.1% $460,000 -0.1% 22.7% CARRARA 20 $435,000 3.6% $430,000 -3.6% 18.3% PALM BEACH ~ 23 $475,000 -10.4% $539,500 0.8% 26.9% CLEAR ISLAND WATERS ~ f 12 $730,000 10.8% $751,000 -13.7% 0.6% PARADISE POINT ² 6 N/A N/A $595,000 1.9% 16.7% COOMBABAH 16 $397,500 1.9% $419,000 -2.6% 24.5% PARKWOOD 18 $478,500 4.9% $485,000 2.1% 24.9% COOMERA + * f 13 $536,500 -0.2% $545,000 -4.4% 13.5% REEDY CREEK ~ 14 $577,500 -17.5% $642,500 1.0% 49.8% CURRUMBIN VALLEY ^ 2 N/A N/A $750,000 -1.6% 30.4% ROBINA 46 $530,000 -2.8% $538,000 0.3% 15.7% CURRUMBIN WATERS 13 $515,000 6.0% $490,000 0.0% 28.3% RUNAWAY BAY ~ f 12 $546,500 -18.1% $750,000 3.1% -7.4% ELANORA ~ 20 $523,747 8.0% $525,000 4.0% 27.6% SOUTHPORT ~ f 31 $423,000 -9.0% $468,000 2.9% 23.2% HELENSVALE + f 39 $510,000 0.0% $510,000 0.0% 21.4% SOVEREIGN ISLAND * f 10 $2,090,000 N/A $1,790,000 -26.0% -2.2% HIGHLAND PARK ~ 7 $393,000 -15.5% $441,500 5.8% 31.8% SURFERS PARADISE f 5 N/A N/A $1,227,500 -1.8% -8.1% HOLLYWELL ~ 7 $500,000 -22.3% $560,000 1.8% 25.4% TALLAI ^ ~ 2 N/A N/A $750,000 -6.3% 28.8% HOPE ISLAND + * f ~ 12 $935,000 -52.1% $1,205,000 4.8% 14.8% TALLEBUDGERA ^ ~ 8 $730,000 -23.2% $760,000 8.6% 37.7% LABRADOR 21 $450,000 N/A $425,000 -1.0% 18.7% TUGUN ~ 10 $433,000 -1.6% $440,000 -4.0% 4.8% LOWER BEECHMONT ~ 3 N/A N/A $397,500 13.2% 31.4% UPPER COOMERA 45 $400,000 -3.0% $414,500 -1.3% 23.7% MAUDSLAND 4 N/A N/A $460,000 6.3% 25.0% VARSITY LAKES 18 $500,000 2.6% $485,000 2.1% 21.3% MERMAID BEACH f 7 $1,050,000 N/A N/A N/A N/A WORONGARY 3 N/A N/A $405,000 0.4% 22.1% MERMAID WATERS ~ 28 $585,000 -1.3% $618,500 -5.6% 12.2% WORONGARY ^ ~ 11 $520,000 -28.0% $647,500 -6.8% 11.7% Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 14 www.reiq.com.au
  • 15. GOLD COAST CITY MEDIAN SALES DATA MEDIAN WEEKLY RENTS Suburb/ Number of Mar change 12 mths to change change Localities Mar Qtr 2011 Mar Qtr 2010 Postcode Locality Sales Mar Qtr over the end of over over Rent New Rent New Qtr 2011 2011 qtr Mar 2011 1yr 5yrs ($) Bonds ($) Bonds UNITS & TOWNHOUSES 3 BEDROOM HOUSES GOLD COAST CITY (LGA) 823 $355,000 -2.7% $369,000 -1.3% 15.8% GOLD COAST CITY COUNCIL AREA $400 1,054 $395 1,055 ARUNDEL 6 N/A N/A $325,000 0.0% 27.5% 4208 Jacobs Well/ Ormeau/ Ormeau Hills/ etc. $360 27 $360 28 ASHMORE ~ 10 $362,500 25.0% $311,000 0.1% 24.4% 4209 Coomera/ Pimpama/ Upper Coomera/ Willow Vale $360 67 $360 78 BENOWA - * f 17 $435,490 N/A $450,000 -3.2% 52.0% 4210 Guanaba/ Maudsland/ Oxenford/ Wongawallan $380 21 $380 27 BIGGERA WATERS ~ f 14 $313,000 -10.6% $340,000 -9.9% 21.4% 4211 Carrara/ Highland Park/ Nerang/ Pacific Pines/ etc. $380 141 $375 125 BILINGA 1 N/A N/A $526,250 9.6% 21.0% 4212 Helensvale/ Hope Island $440 68 $400 54 BROADBEACH * f 54 $427,500 -20.1% $447,500 -4.8% 8.2% 4213 Bonogin/ Mudgeeraba/ Tallai/ Worongary/ etc. $400 60 $400 79 BROADBEACH WATERS 4 N/A N/A $404,750 -3.6% 30.6% 4214 Arundel/ Ashmore/ Molendinar/ Parkwood $400 94 $395 88 BURLEIGH HEADS f 37 $365,000 1.1% $385,000 -6.1% 10.6% 4215 Labrador/ Southport $390 79 $380 113 BURLEIGH WATERS 14 $358,750 4.0% $355,000 -1.4% 21.8% 4216 Biggera Waters/ Paradise Pt/ Runaway Bay/ etc. $390 90 $380 71 CARRARA - * f 7 $442,500 8.3% $439,750 14.2% 13.5% 4217 Benowa/ Main Beach/ Surfers Paradise/ etc. $480 40 $470 48 CLEAR ISLAND WATERS - f 3 N/A N/A $465,000 10.1% 40.9% 4218 Broadbeach/ Mermaid Beach/ Mermaid Wates/ etc. $480 90 $470 68 COOLANGATTA f 39 $425,000 -5.6% $435,000 -6.2% 8.8% 4220 Burleigh Heads/ Burleigh Waters/ Miami $435 66 $420 59 COOMBABAH 7 N/A N/A $320,000 -3.0% 28.0% 4221 Elanora/ Palm Beach $450 57 $415 53 COOMERA - f * 2 N/A N/A $315,000 -6.2% 36.4% 4223 Currumbin/ Currumbin Valley/ Currumbin Waters $420 36 $390 39 CURRUMBIN ~ f 6 N/A N/A $382,500 -0.6% -8.9% 4224 Tugun $380 5 $400 9 CURRUMBIN WATERS f 10 $330,000 3.9% $320,000 -5.6% 24.3% 4225 Bilinga/ Coolangatta $370 6 $365 6 ELANORA 6 N/A N/A $331,500 -0.3% 22.8% 4226 Clear Island Waters/ Merrimac/ Robina $430 64 $410 62 HELENSVALE - * 5 N/A N/A $330,000 1.5% 39.2% 4227 Reedy Creek/ Varsity Lakes $440 41 $420 46 HOPE ISLAND - * f 19 $410,000 -3.5% $396,000 -24.6% -25.3% LABRADOR 43 $315,000 -6.0% $316,000 -0.3% 23.4% 2 BEDROOM FLATS/UNITS MAIN BEACH ~ f 23 $460,000 -24.6% $602,500 -4.2% 6.6% GOLD COAST CITY COUNCIL AREA $350 2,751 $350 2,634 MERMAID BEACH ~ f * 17 $375,000 21.8% $372,500 1.3% 16.4% 4209 Coomera/ Pimpama/ Upper Coomera/ Willow Vale $164 27 $210 11 MERMAID WATERS f 10 $302,500 -9.7% $317,500 -3.6% 19.8% 4210 Guanaba/ Maudsland/ Oxenford/ Wongawallan $290 12 $285 10 MERRIMAC * f 6 N/A N/A $410,000 17.6% 71.9% 4211 Carrara/ Highland Park/ Nerang/ Pacific Pines/ etc. $270 28 $290 39 MIAMI * f 16 $340,000 -7.6% $367,000 -4.4% 14.7% 4212 Helensvale/ Hope Island $370 69 $370 58 MUDGEERABA * 14 $298,500 -6.7% $327,500 -5.2% 31.0% 4214 Arundel/ Ashmore/ Molendinar/ Parkwood $295 22 $320 12 NERANG 7 N/A N/A $304,000 5.9% 21.1% 4215 Labrador/ Southport $330 636 $340 598 ORMEAU 6 N/A N/A $363,000 3.1% 25.1% 4216 Biggera Waters/ Paradise Pt/ Runaway Bay/ etc. $330 203 $320 197 OXENFORD ~ 9 $257,000 -11.4% $290,000 0.0% 29.8% 4217 Benowa/ Main Beach/ Surfers Paradise/ etc. $380 590 $390 559 PACIFIC PINES 10 $311,500 -2.7% $370,250 -1.8% 45.2% 4218 Broadbeach/ Mermaid Beach/ Mermaid Wates/ etc. $340 359 $340 374 PALM BEACH ~ f * 28 $376,500 11.4% $370,000 2.8% 27.6% 4220 Burleigh Heads/ Burleigh Waters/ Miami $350 223 $350 228 PARADISE POINT ² ~ f 12 $350,000 N/A $360,000 -5.3% 18.0% 4221 Elanora/ Palm Beach $300 152 $295 150 REEDY CREEK - ~ * 8 $391,000 29.3% $315,000 4.0% 40.0% 4223 Currumbin/ Currumbin Valley/ Currumbin Waters $340 39 $350 39 ROBINA ~ * 22 $333,750 -23.6% $450,000 0.0% 28.5% 4224 Tugun $320 51 $310 46 RUNAWAY BAY ~ f 16 $382,500 -4.0% $357,000 -28.5% -28.2% 4225 Bilinga/ Coolangatta $310 124 $300 131 SOUTHPORT ~ f * 111 $338,000 -5.8% $337,500 -10.1% 12.5% 4226 Clear Island Waters/ Merrimac/ Robina $390 86 $390 90 SURFERS PARADISE ~ f * 146 $350,000 0.0% $375,000 6.2% 0.0% 4227 Reedy Creek/ Varsity Lakes $420 126 $420 85 TUGUN ~ 10 $327,500 -10.3% $417,500 -1.2% 24.6% UPPER COOMERA - 9 $330,000 -4.3% $340,500 -0.4% 9.8% 3 BEDROOM TOWNHOUSES VARSITY LAKES ~ 25 $355,000 -9.2% $390,000 0.0% 12.6% GOLD COAST CITY COUNCIL AREA $360 1,214 $360 1,074 4208 Jacobs Well/ Ormeau/ Ormeau Hills/ etc. $340 9 $350 25 VACANT URBAN LAND 4209 Coomera/ Pimpama/ Upper Coomera/ Willow Vale $340 143 $335 115 GOLD COAST CITY (LGA) + * f 44 $261,950 -6.4% $257,840 6.2% 30.9% 4210 Guanaba/ Maudsland/ Oxenford/ Wongawallan $320 19 $330 16 GOLD COAST CITY (LGA) ^ ~ 8 N/A N/A $420,000 13.5% 16.7% 4211 Carrara/ Highland Park/ Nerang/ Pacific Pines/ etc. $350 186 $350 159 COOMERA + * f 11 $238,000 -0.8% $241,450 -3.8% 4.1% 4212 Helensvale/ Hope Island $380 40 $380 28 GILSTON * 2 N/A N/A $251,250 13.7% 31.9% 4213 Bonogin/ Mudgeeraba/ Tallai/ Worongary/ etc. $350 45 $340 36 HELENSVALE + ~ f 0 N/A N/A $550,000 11.1% 25.4% 4214 Arundel/ Ashmore/ Molendinar/ Parkwood $350 84 $360 52 HOPE ISLAND + ~ f 8 $660,000 11.9% $434,000 2.1% -15.7% 4215 Labrador/ Southport $380 161 $360 130 ORMEAU * 3 N/A N/A $263,000 16.9% 45.3% 4216 Biggera Waters/ Paradise Pt/ Runaway Bay/ etc. $360 101 $355 97 OXENFORD ~ 8 $225,000 N/A $226,000 -1.7% 1.5% 4217 Benowa/ Main Beach/ Surfers Paradise/ etc. $440 57 $450 51 PACIFIC PINES 3 N/A N/A $240,000 1.9% 26.3% 4218 Broadbeach/ Mermaid Beach/ Mermaid Wates/ etc. $440 22 $410 15 PIMPAMA * 2 N/A N/A $217,000 -1.4% 14.8% 4220 Burleigh Heads/ Burleigh Waters/ Miami $395 40 $360 36 REEDY CREEK 3 N/A N/A $338,200 5.3% 40.9% 4221 Elanora/ Palm Beach $380 22 $360 27 UPPER COOMERA + 4 N/A N/A $252,000 7.9% 36.2% 4223 Currumbin/ Currumbin Valley/ Currumbin Waters $350 13 $350 14 4224 Tugun $430 31 $440 26 4226 Clear Island Waters/ Merrimac/ Robina $410 137 $380 150 4227 Reedy Creek/ Varsity Lakes $390 98 $380 86 Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 15 www.reiq.com.au
  • 16. QUEENSLAND MAR K ET MONITORCONTENTS TOOWOOMBA REGIONAL Median house and unit prices After a strong performance throughout most of 2010, the BRISBANE CITY HOUSE SALES TOOWOOMBA HOUSE SALES Toowoomba market has reacted to the devastating floods that <$350,000 $350,000+ $500,000+ $1m+ <$350,000 $350,000+ $500,000+ hit the region in early January. 118 The median house price697 Toowoomba 910 MAR 11 in decreased 5 per cent 83 MAR 11 236 74 22 MAR 11 121 to $292,250 over the March quarter. Preliminary sales numbers were also down about 10799 cent on the previous quarter. DEC 10 per 1064 147 DEC 10 230 110 27 DEC 10 137 According to local agents, the January floods knocked the SEP 10 780 1177 124 SEP 10 266 97 16 wind out of the sails of a market that had previously been SEP 10 performing well. Since that time, the market has been subdued. There is reportedly littleBRISBANE SURROUNDS HOUSE banks are confidence amongst buyers and SALES FRASER COAST HOUSE SALES hesitant to lend money. <$350,000 $350,000+ $500,000+ $1m+ <$350,000 $350,000+ $500,000+ BRISBANE CITY UNIT SALES TOOWOOMBA UNIT SALES The strongest activity is$250,000+ 779the affordable end of the <$250,000 586 MAR 11 occurring at 6 $350,000+ 244$500,000+ $1m+ MAR 11 <$250,000 129 $250,000+ 31 1 $350,000+ $500,000+ MAR 11 market for properties priced between $200,000 and $300,000. 37 And local agents say that it is the affordability of property in the MAR DEC 10 11 220 718 478 885 174 13 291 20 MAR 10 DEC 11 20 16 147 50 40 7 DEC MAR 10 region which will continue to attract buyers. 34 Solid performers over the quarter included Darling Heights, 16 DEC 10 10 SEP 260 815 511 1009 239 328 46 DEC10 SEP 10 43 156 23 23 51 9 SEP 10 DEC up 3.8 per cent to $298,000, and Harristown, up 7.6 per cent to 41 $274,500.INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY628 SEP 10 265 REGIONAL 270 37 SEP 10 45 26 7 2 SEP While there is currentlyGOLD COAST HOUSEthe board, the lower activity across SALES BUNDABERG HOUSE SALES strength of the resources sector has helped the region to <$350,000 $350,000+ $500,000+ $1m+ <$350,000 $350,000+ $500,000+ perform well over the past 12 months and, according to 25 BRISBANE SURROUNDS UNIT SALES the local agents, will do so again. Indeed many believe that 36 MAR 11 371 350 FRASER COAST UNIT SALES MAR 11 MAR 11 132 32 7 huge explosion of mining activity occurring right on the $1m+ <$250,000 20 $250,000+ $350,000+ $500,000+ <$250,000 $250,000+ $350,000+ $500,000+ region’s door-step will very soon CITY LAND SALES BRISBANE begin to flow through to TOOWOOMBA LAND SALES DEC 10 376 14318 37 DEC 10 their property<$250,000 again. To this end, <$500,000 reporting MAR 11 market 71 <$350,000 58 agents are $500,000+ 143 3 DEC 10 MAR 11 <$250,000 13 154 11<$350,000 21 39 $350,000+ 9 MA 24 increased enquiry from international buyers looking to MAR 11 21 28 8 6 MAR 11 26 3 1 SEP MA capitalise 10SEPthe market before172starts moving. 31 DEC on 10 98 433 it 79 332 49 SEP 10 DEC 10 14 181 8 2 1 42 8 10 DE The median unit and townhouse price increased 9.2 per cent DEC 10 14 27 26 7 DEC 10 73 1 0 DE to $250,000 over the period. The numbers of preliminary 38 3 SEP 10 113 231 71 SEP 10 20 14 4 6 SE unit sales were down about 30 per cent on the previous year, 38 SUNSHINE COAST HOUSE SALES 0 SEP 10 INCLUDES REDLAND, LOGAN, IPSWICH & MORETON 54 34 15 SEP 10 GLADSTONE HOUSE SALES 56 5 SE however, Toowoomba only has BAYsmall market for this type of a REGIONAL <$350,000 $350,000+ $500,000+ $1m+ <$350,000 $350,000+ $500,000+ housing. GOLD COAST UNIT SALES 55 20 BUNDABERG UNIT SALES The increase in<$250,000 price269 the quarter can mainly be $1m+ MAR 11 median over $250,000+ $350,000+ 154 $500,000+ MAR 11 <$250,000 27 $250,000+ 136 $350,000+42 $500,000+ MAR 11 BRISBANE SURROUNDS LAND SALES attributed to the sale of higher-end three-bedroom properties 49 FRASER COAST LAND SALES 0 15 <$250,000 <$350,000 $350,000+ <$250,000 <$350,000 <$500,000the $500,000+ in new,MAR 11 1082 complexes in suburbs close to 33 city, such boutique from. 11 MAR 307 307 267 134178 MAR 10 12 8 3 130 DEC 10 DEC DEC 61 30 as EastMAR 11 Toowoomba. 216 47 9 5 68 MAR 11 32 1 1 MA DEC 10 10 116 291 322 269 8 178 189 61 26 Median rents DEC 10 44 14 90 10 2 227 SEPDEC 10 Median land prices SEP SEP 10 DEC 10 271 57 4 The DEC 10 median rent for a three-bedroom house increased $10 per 32 7 4 DE The median price for land in the Toowoomba region increased SEP 10 104 374 282 191 50 week to $270 between March 2011 and March this3year. The SEP 10 20 12 6 SEP 23 per cent to $149,500 over the quarter however this figure8 SEP 10 436 77 12 median rent for a two-bedroom 53 increased $10 per week to SEP 10 unit 30 SE was impacted by the sale of new stock. $210 over the same period. Includes REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL Local agents report that the sale of land continues to be steady The REIQ’s rental survey has shown an easing of demand yet SUNSHINE COAST UNIT SALES with a couple of new GOLD COAST LAND SALES now residential developments also still very tight rental conditionsUNIT SALES GLADSTONE in the Toowoomba area, with BUNDABERG LAND$350,000+ SALES available in Kearney’s Springs and Glenvale. The sale of$500,000+ <$250,000 at 1.6 per cent in March. $250,000+ $500,000+ <$250,000 <$250,000 $250,000+ <$500,000 $500,000+ in$1m+ <$350,000 $350,000+ land vacancy rates<$250,000 sitting <$350,000 $350,000+ Highfields is also performing well. 3 REIQ agents in Toowoomba report a lack of supply which is MAR 11 0 20 12 8 MA Since 1 June last year, about20 Regional First64 22 Owner MAR 1111 MAR 62 17 118 46 97 15 Home MAR 11 26 0 1 leading to increased asking rents for lower quality homes. MAR 1 Grants have been paid to first-timers buying a new-build home However, there are reports of properties being withdrawn from 1 on the DEC 1010 Downs. But this9option, mostly, 84 15 out Darling 58 19 125 DEC 7 102 remains DEC 10 13 13 40 19 1 06 the sales market after failing to sell and subsequently being DEC 10 DE DEC 1 of the financial reach of first home buyers in the region given offered for rent which will likely help to keep a lid on rents. there is aSEP 10 plethora of affordable established stock to choose 52 25 16 SEP 10 17 5 4 44 6 SE Please see page 36 for legend 02 further notes SEP 10 46 140 99 77 24 SEP 10 SEP 1 andIssue 10 - March Quarter 2011 page 16 www.reiq.com.au
  • 17. TOOWOOMBA REGIONAL 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 2011 2011 qtr Mar 2011 1yr 5yrs Qtr 2011 2011 qtr Mar 2011 1yr 5yrs HOUSES VACANT URBAN LAND TOOWOOMBA (LGA) ~ 332 $292,250 -5.0% $295,000 1.9% 26.3% TOOWOOMBA (LGA) ~ * 30 $149,500 23.0% $140,250 8.3% 47.6% TOOWOOMBA (LGA) ^ 49 $416,000 -1.5% $440,000 3.8% 25.7% TOOWOOMBA (LGA) ^ ~ * 28 $170,000 9.7% $160,000 -3.0% 28.0% CENTENARY HEIGHTS 23 $286,000 -2.1% $295,250 -0.9% 25.6% GLENVALE * 6 $142,000 N/A $143,000 11.7% 43.7% CROWS NEST 2 N/A N/A $237,500 2.2% 35.7% GOWRIE JUNCTION ^ * 6 $155,500 10.3% $141,000 4.4% N/A DARLING HEIGHTS 16 $298,000 3.8% $300,000 2.2% 20.2% HARRISTOWN * 1 N/A N/A $150,000 16.3% N/A EAST TOOWOOMBA ~ 13 $330,000 -17.5% $360,000 -1.5% 28.6% HODGSON VALE ^ 2 N/A N/A $165,000 N/A 22.2% GLENVALE 11 $340,000 1.3% $325,000 0.0% 25.5% KLEINTON * 2 N/A N/A $147,250 13.3% N/A HARLAXTON ~ 8 $233,000 N/A $246,250 7.1% 23.1% MIDDLE RIDGE 1 N/A N/A $201,500 3.9% 34.3% HARRISTOWN ~ 28 $274,500 7.6% $266,500 4.1% 24.0% MOUNT LOFTY ~ * 5 $282,000 N/A N/A N/A N/A HIGHFIELDS * 12 $424,750 -5.7% $419,900 -5.0% 14.6% OAKEY * 0 N/A N/A $86,000 N/A N/A HIGHFIELDS ^ ~ 8 $442,500 4.1% $435,000 6.1% 19.2% WESTBROOK * 3 N/A N/A $125,250 16.0% 50.9% KEARNEYS SPRING ~ 15 $271,000 -14.8% $316,250 2.8% 18.4% MERINGANDAN WEST ^ 4 N/A N/A $334,000 2.1% 33.6% MIDDLE RIDGE ~ 19 $457,000 6.3% $435,000 -0.5% 22.5% MEDIAN WEEKLY RENTS MOUNT LOFTY ~ 7 $342,500 13.2% $325,000 -3.6% 20.4% Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Postcode NEWTOWN 24 $247,000 0.0% $254,500 2.2% 25.4% Localities Rent New Rent New ($) Bonds ($) Bonds NORTH TOOWOOMBA ~ 9 $225,000 -15.1% $252,750 7.0% 28.6% OAKEY 2 N/A N/A $230,500 4.8% 39.7% 3 BEDROOM HOUSES RANGEVILLE ~ 31 $355,000 -7.8% $371,250 0.3% 23.8% TOOWOOMBA REGIONAL COUNCIL AREA $270 695 $260 661 ROCKVILLE 14 $263,250 N/A $256,000 2.5% 22.8% 4350 Newtown/ Rangeville/ Harristown/ Wilsonton/ etc. $270 536 $265 501 SOUTH TOOWOOMBA ~ 15 $250,000 -21.9% $275,000 6.8% 31.0% 4352 Highfields/ Meringandan/ Preston/ Withcott/ etc. $300 26 $280 29 TOOWOOMBA CITY 4 N/A N/A $271,000 6.3% 23.2% 4354 Douglas/ Goombungee/ Kibirnie $210 9 n.a. 3 WESTBROOK ~ 9 $365,000 -13.5% $400,000 6.7% 29.0% 4355 Crows Nest/ Glenaven/ Jones Gully/ etc. $220 10 $200 13 WILSONTON 22 $270,750 3.3% $274,000 -0.4% 22.9% 4356 Pittsworth/ Bongeen/ Stoneleigh/ etc. $245 25 $220 27 WILSONTON HEIGHTS 10 $242,500 0.0% $246,250 0.5% 26.3% 4357 Millmerran/ Bringalily/ Stonehenge/ etc. $230 10 $200 8 WYREEMA ~ 2 N/A N/A $287,500 -5.4% 28.9% 4358 Cambooya/ Eton Vale/ Felton/ etc. $245 10 n.a. 2 4359 Ascot/ Budgee/ Greenmount/ etc. $240 6 n.a. 4 UNITS & TOWNHOUSES 4361 Back Plains/ Clifton/ Sandy Camp/ etc. $230 12 $230 17 TOOWOOMBA (LGA) ~ 41 $250,000 9.2% $242,250 5.8% 18.2% 4401 Acland/ Biddeston/ Oakey/ etc. $250 35 $220 30 EAST TOOWOOMBA ~ * 6 N/A N/A $250,000 6.4% -13.3% HARRISTOWN * 2 N/A N/A $247,250 N/A 23.0% 2 BEDROOM FLATS/UNITS KEARNEYS SPRING ~ 10 $252,500 14.4% $250,000 0.0% 5.9% TOOWOOMBA REGIONAL COUNCIL AREA $210 401 $200 383 NEWTOWN 4 N/A N/A $220,000 1.9% 27.2% 4350 Newtown/ Rangeville/ Harristown/ Wilsonton/ etc. $210 374 $200 353 RANGEVILLE 2 N/A N/A $288,000 N/A 28.6% 4401 Acland/ Biddeston/ Oakey/ etc. $185 11 $170 14 SOUTH TOOWOOMBA 3 N/A N/A $217,000 6.5% 0.9% 3 BEDROOM TOWNHOUSES TOOWOOMBA REGIONAL COUNCIL AREA $280 20 $275 15 4350 Newtown/ Rangeville/ Harristown/ Wilsonton/ etc. $280 20 $270 14 SUNSHINE COAST REGIONAL Median house and unit prices The residential market continues to be hamstrung by reluctant buyers and a host of sellers who believe the market is better The Sunshine Coast recorded patchy results over the March than it really is. Sellers continue to be overly-optimistic about quarter and since that time market conditions have remained the price they can achieve which is resulting in their property uninspiring. stagnating on the market. It is only the sellers who are The Sunshine Coast median house price increased 0.1 per cent prepared to meet the market on price that are making a sale. to $450,500 over the quarter. Preliminary sales numbers were And while the Sunshine Coast remained mainly physically down about 9 per cent on the previous quarter. unscathed during the January floods, media coverage of the According to local agents, there appears to be plentiful buyers disaster did take its toll on the local property market with a on the ground, but they remain subdued and hesitant to make number of prospective interstate or overseas buyers cancelling a decision. inspections over the period. Media commentary on the state of the market as well as Solid house performers over the March quarter included the speculation about new taxes and future interest rate rises are Glass House Mountains, up 8.4 per cent to $433,500, and continuing to affect confidence amongst buyers in the region. Wurtulla, up 4.3 per cent to $455,000. Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 17 www.reiq.com.au
  • 18. QUEENSLAND MAR K ET MONITORCONTENTS SUNSHINE COAST REGIONAL The Sunshine Coast median unit and townhouse price MEDIAN SALES DATA decreased 2.1 per cent to $350,000 over the quarter. Suburb/ Number of Mar change 12 mths to change change Locality Sales Mar Qtr over the end of over over There remains an oversupply of units on the Sunshine Coast Qtr 2011 2011 qtr Mar 2011 1yr 5yrs which is resulting in downward pressure on prices. To this end, HOUSES however, there is currently a plethora of buying opportunities SUNSHINE COAST (LGA) 498 $450,500 0.1% $464,900 0.0% 20.8% including older unit stock close to the beach in Maroochydore SUNSHINE COAST (LGA) ^ 116 $566,000 -0.6% $575,000 2.7% 23.7% and Mooloolaba for about $300,000. ALEXANDRA HEADLAND 3 N/A N/A $685,000 N/A 14.2% AROONA ~ 10 $472,500 12.8% $425,000 0.0% 20.4% Median land prices BATTERY HILL BEERWAH ~ 4 9 N/A $365,000 N/A -6.4% $418,500 $405,000 2.1% 0.6% 18.2% 39.7% The median price of vacant land on the Sunshine Coast BLACK MOUNTAIN ^ 3 N/A N/A $532,500 4.2% 28.3% increased 20.8 per cent to $290,000 over the March quarter BLI BLI 10 $407,125 -1.1% $400,000 -1.1% 23.1% BUDDINA ~ 10 $477,500 N/A $650,000 13.0% 36.8% however this figure was impacted by the higher number of BUDERIM BRISBANE CITY UNIT SALES 54 $485,000 0.4% $523,000 -1.3% 23.1% new stock, and waterfront stock, sold over the period. BURNSIDE * <$250,000 $250,000+ 3 $350,000+ N/A N/A $500,000+ -0.5% $378,000 $1m+ 40.5% BRISBANE CITY HOUSE SALES TOOWOOMBA 11 $418,000 3.0% HOUSE SALES RO The new development Brightwater, located between Mountain 37 CALOUNDRA WEST $416,736 -1.4% 19.4% <$350,000 $350,000+ $500,000+ $1m+ <$350,000 $350,000+ $415,500 -12.1% $500,000+ <$350, Creek and118 Kawana Island, has been very well received by COOLUM BEACH ~ f MAR 11 220 17 478 174 $460,000 13 -4.6% 9.5% MAR 11 buyers11given it offers small affordably-priced83 lots. COOROY 34 3 N/A N/A $430,000 4.2% 32.3% MAR 697 910 MAR 11 CURRIMUNDI 236 16 $407,500 74 1.1% 22 $420,000 -1.9% MAR 11 16.7% 121 DEC 10 260 511 239 46 DEC 10 However, there remains a lack of supply of vacant land in the DICKY BEACH 7 $870,000 N/A $550,000 N/A N/A 41 region. In fact, local agents says that 1064 established house DEC 10 799 while 147 DEC 10DOONAN ^ ~ 230 7 $1,300,000 110 97.0% 27 $790,000 24.4% 42.3% DEC 10 prices have depreciated of late, the price of constructing a new 137 SEP 10 EUMUNDI ^ ~ 265 2 628 N/A N/A 270 $558,000 N/A37 -4.6% SEP 10 home 10 not, which is prompting even more buyers to seek SEP has 780 1177 124 SEP 10GLASS HOUSE MOUNTAINS ~ 266 7 $433,500 8.4% 97 $425,000 16 -2.3% 34.5% SEP 10 GOLDEN BEACH 6 N/A N/A $450,000 0.0% 19.8% out existing homes. KULUIN ~ 6 N/A N/A $388,500 -4.1% 14.6% LANDSBOROUGH BRISBANE SURROUNDS UNIT SALES 2.6% 32.6% 7 $348,000 N/A $379,500 Median rentsSURROUNDS HOUSE SALES BRISBANE LITTLE MOUNTAIN 18 $456,500 FRASER COAST HOUSE SALES <$250,000 $250,000+ 1.3% $350,000+ $457,000 $500,000+ -2.8% 23.5% $1m+ MA MALENY ^ 7 $770,000 N/A $625,000 3.3% 24.4% On the Sunshine Coast, vacancy rates as at the end of March <$350,000 $350,000+ $500,000+ $1m+ <$350,000 $350,000+ $500,000+ <$350, MALENY ~ 5 N/A N/A $434,000 -4.0% 28.2% eased to 3.7 per cent, up from 3.4 per cent in September. MAR 11 MAROOCHYDORE ~ 71 143 15 $427,500 58 14 3 -13.0% $460,000 0.5% 17.9% MAR 11 MAR 11 586 779 244 6 MAR 11 129 31 1 MAR 11 59 The median weekly rent for a three-bedroom house on the MERIDAN PLAINS ~ 5 N/A N/A $420,000 -4.5% 10.5% DEC 10 MINYAMA ~ f 98 6 172 N/A N/A 79 $759,500 31 -22.9% 40.3% DEC 10 Sunshine Coast increased $10 per week to $370 between DEC 10 718 885 291 20 DEC 10 MOFFAT BEACH ~ 147 4 N/A40 N/A 7 $575,000 15.0% DEC 10 36.6% 53 March this year and March last year. The median rent for a two- MOOLOOLABA ~ f 15 $478,500 -7.6% $519,050 -12.6% 14.1% bedroom unit was steady at $300 per week over the period. SEP 10 113 231 71 38 3 SEP 10 SEP 10 815 1009 328 16 SEP 10 MOOLOOLAH VALLEY ^ ~ 156 5 $605,000 10.1% 51 $569,750 9 18.4% 31.7% SEP 10 77 REIQ agents reported lower tenant enquiry in March with many MOUNT COOLUM 6 N/A INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL N/A $484,000 5.2% 24.1% MOUNTAIN CREEK 19 $494,000 -1.2% $494,000 0.8% 27.5% only receiving up to two applicants per listing. With a quiet INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL sales market, agents are also reporting an increase in rental NAMBOUR ~ GOLD 24 $324,500 -0.8% $330,000 -5.7% COAST UNIT SALES 25.7% TO stock as properties areCOASToff the market and put up for rent. GOLD taken HOUSE SALES NOOSA HEADS ~ f<$250,000 HOUSE SALES -36.9% BUNDABERG 10 $540,500 $350,000+ $645,000 -1.9% $250,000+ $500,000+ 7.5% $1m+ NOOSAVILLE ~ f 17 $790,000 23.1% $692,000 -13.1% -3.2% <$350,000 $350,000+ $500,000+ $1m+ <$350,000 $350,000+ $500,000+ <$350, Since March, the rental market has improved given the large 25 PACIFIC PARADISE MAR 11 82 307 7 $358,000 267 N/A 134 33 N/A N/A N/A MAR 11 number of would-be home buyers that are remaining in the MAR 11 371 350 36 MAR 11 PALMWOODS ~ 132 7 $485,000 32 11.5% 7 $445,000 3.6% 20.3% MAR 11 145 PARREARRA 5 N/A N/A $550,000 3.5% 14.6% rental pool. Many of these buyers are also opting for better 20 PELICAN WATERS ~ f DEC 10 116 29115 $546,500 -23.0% 269 $635,000 178 61 3.9% 16.5% quality,10 DEC higher-priced, properties. 318 376 37 DEC 10 DEC 10 17 DEC 10PEREGIAN BEACH f 154 2 N/A 39 N/A 9 $642,500 11.7% 7.1% 24 PEREGIAN SPRINGS ~ 10 $504,000 -7.5% $515,000 -1.9% N/A SEP 10 SIPPY DOWNS 104 374 13 $422,000 282 0.2% 191 $441,000 501.4% 21.8% SEP 10 SEP 10 433 332 49 SEP 10 181 42 8 SEP 10 1 SUNSHINE BEACH ~ f 7 $830,000 N/A $772,500 -28.1% -31.3% TEWANTIN ~ 14 $387,500 -10.9% $450,000 2.3% 21.6% SUNSHINE COAST HOUSE SALES GLADSTONE HOUSECOAST UNIT SALES SUNSHINE SALES CA <$250,000 $250,000+ $350,000+ $500,000+ $1m+ <$350,000 $350,000+ $500,000+ $1m+ <$350,000 $350,000+ $500,000+ <$350 55 20 MAR 1 MAR 11 269 154 MAR 11 MAR 11 27 62 118 136 97 42 64 22 MAR 11 113 49 15 DEC 1 DEC 10 307 178 DEC 10 DEC 10 61 58 125 130 102 84 30 15 DEC 10 148 68 26 SEP 1 SEP 10 322 189 SEP 10 44 SEP 10 46 90140 27 99 77 24 SEP 10 16 Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 18 www.reiq.com.au
  • 19. SUNSHINE COAST REGIONAL MEDIAN SALES DATA MEDIAN WEEKLY RENTS Suburb/ Number of Mar change 12 mths to change change Localities Mar Qtr 2011 Mar Qtr 2010 Postcode Locality Sales Mar Qtr over the end of over over Rent New Rent New Qtr 2011 2011 qtr Mar 2011 1yr 5yrs ($) Bonds ($) Bonds HOUSES continued 3 BEDROOM HOUSES TWIN WATERS 13 $640,000 N/A $656,000 1.1% 13.1% SUNSHINE COAST REGIONAL COUNCIL AREA $370 1,023 $360 992 WARANA ~ 10 $430,000 1.2% $445,000 -7.8% 10.1% Caloundra (coastal region) $370 280 $370 265 WOOMBYE ~ 8 $357,500 -14.9% $415,000 7.1% 33.9% 4551 Currimundi/ Golden Beach/ Moffat Beach/ etc. $370 155 $360 155 WURTULLA ~ 13 $445,000 4.3% $455,000 -3.4% 32.8% 4575 Bokarina/ Minyama/ Parrearra/ Wurtulla/ etc. $375 125 $380 110 Caloundra (inland region) $325 89 $320 99 UNITS & TOWNHOUSES 4518 Glass House Mountains $320 12 $320 15 SUNSHINE COAST (LGA) 363 $350,000 -2.1% $365,000 0.0% 7.4% 4519 Beerwah/ Coochin Creek/ Peachester/ etc. $320 16 $315 17 ALEXANDRA HEADLAND f 10 $277,750 -20.6% $329,000 -0.3% -1.2% 4550 Landsborough/ Mt Mellum $320 13 $320 17 SUNSHINE BEACH ~ f 12 $730,000 32.1% $685,000 34.6% 7.0% 4552 Conondale/ Maleny/ Reesville/ Witta/ etc. $320 29 $330 37 BUDDINA BRISBANE CITY LAND SALES 7 $361,000 N/A $390,250 4.1% 11.5% 4553 TOOWOOMBA LAND SALES Glenview/ Mooloolah Valley/ Palmview/ etc. $350 18 $310 11 BUDERIM * <$250,000 18 $421,250 <$350,000 8.0% $395,625 <$500,000 6.9% $500,000+35.5% Maroochy (coastal region) <$250,000 <$350,000 $370 468 $360 $350,000+ 439 CALOUNDRA * f 34 $359,500 -14.9% $418,000 8.6% 3.0% 4555 Chevallum/ Hunchy/ Palmwoods $365 17 $350 17 CALOUNDRA WEST MAR 11 21 281 8 6N/A N/A $325,000 0.3% 30.0% MAR 11 Buderim/ Forest Glen/ Sippy Downs/ Tanawha/ etc. $385 4556 26 3 1 88 $380 90 MA COOLUM BEACH * f 9 $390,000 9.9% $378,250 9.4% -3.6% 4557 Mooloolaba/ Mountain Creek $390 49 $380 54 GOLDEN BEACH f 12 $340,000 -5.6% $372,500 3.5% -5.1% 4558 Kuluin/ Maroochydore $365 51 $360 38 DEC 10 KINGS BEACH ~ f 14 27 14 26 $435,750 7 22.6% $421,000 0.2% 9.4% DEC 10 73 4559 Diddillibah/ Kiels Mountain/ Woombye/ etc. $380 10 $350 1 015 DE MARCOOLA * f 13 $375,000 N/A $328,000 -19.0% -10.4% 4560 Bli Bli/ Burnside/ Montville/ Nambour/ etc. $350 85 $340 81 MAROOCHYDORE ~ f * SEP 10 38 40 54 $324,500 -10.5% 34 $360,000 -2.0% 15 4.0% SEP 10 Marcoola/ Mudjimba/ Pacific Paradise/ etc. 4564 56 $370 5 0 $355 48 39 SE MINYAMA 7 $290,000 N/A $290,000 -3.3% 9.4% 4572 Alexandra Headland $415 13 $420 8 MOOLOOLABA ~ f 30 $332,750 -4.9% $370,000 1.1% 4.2% 4573 Coolum Beach/ Peregian Springs/ Yaroomba/ etc. $380 107 $375 97 MOUNT COOLUM 3 N/A N/A $337,500 3.4% 13.4% Maroochy (inland region) $360 32 $350 43 NAMBOUR * 6 N/A N/A $295,000 11.3% 58.6% 4561 Ninderry/ North Arm/ Yandina/ Yandina Creek/ etc. $340 14 $330 20 NOOSA HEADS * f BRISBANE15SURROUNDS LAND SALES $680,000 19.6% $610,000 6.4% -6.9% 4562 FRASER COAST LAND SALES Belli Park/ Doonan/ Eerwah Vale/ Eumundi/ etc. $400 13 $385 15 NOOSAVILLE f <$250,000 <$350,000 29 $340,000 <$500,000 -1.6% $360,000 $500,000+ 9.1% -5.5% Noosa<$250,000 (coastal region) <$350,000 $380 $350,000+ 127 $380 114 PARREARRA * 5 N/A N/A $540,000 25.6% 41.5% 4565 Boreen Point/Cootharaba/ Tewantin/ etc. $360 63 $370 56 MAR 11 216 47 9 5 MAR 11 32 1 1$410 MA PELICAN WATERS 5 N/A N/A $470,000 1.1% 8.4% 4566 Noosaville 23 $380 13 PEREGIAN SPRINGS - * 7 $421,900 8 N/A $417,900 -6.1% N/A 4567 Noosa Heads/ Sunrise Bch/ Sunshine Bch/ etc. $420 41 $410 45 DEC 10 TEWANTIN ~ f 271 7 $171,500 57 N/A 4 $270,000 -10.0% 8.9% DEC 10 Noosa (inland region) 32 $350 7 4 27 $320 32 DE 4563 Black Mountain/ Cooroy/ Lake Macdonald/ etc. $350 13 $320 15 VACANT URBAN LAND SEP 10 436 77 12 8 4568 Federal/ Pinbarren/ Pomona $330 9 $340 10 SEP 10 53 30 SE SUNSHINE COAST (LGA) * f 69 $290,000 20.8% $253,000 3.0% 17.7% 4569 Cooran $290 5 $320 5 SUNSHINE COAST (LGA) ^ ~ & 18 Includes REDLAND, LOGAN, IPSWICH MORETON BAY REGIONAL-14.4% $312,500 $350,000 7.7% 17.1% BEERWAH ~ * 2 N/A N/A $188,000 -0.5% 18.8% 2 BEDROOM FLATS/UNITS BIRTINYA 3 N/A N/A $319,889 N/A N/A SUNSHINE COAST REGIONAL COUNCIL AREA $300 1,021 $300 1,007 BUDERIM GOLD COAST LAND SALES 3 N/A N/A $264,000 3.1% 7.8% BUNDABERG LAND SALES Caloundra (coastal region) $300 234 $300 215 COOLUM BEACH <$250,000 * 0<$350,000 N/A <$500,000 N/A $345,950 $500,000+ 22.5% 40.5% 4551 <$250,000 <$350,000 Currimundi/ Golden Beach/ Moffat Beach/ etc. $295 $350,000+ 176 $295 162 LITTLE MOUNTAIN * 2 N/A N/A $252,000 -0.2% 29.2% 4575 Bokarina/ Minyama/ Parrearra/ Wurtulla/ etc. $380 58 $360 53 3 MAR 11 Caloundra (inland region) MA MALENY * 11 MAR 17 020 N/A 15N/A $212,500 -2.5% -1.2% 26 0 1 $156 19 $250 9 MAROOCHYDORE * 1 N/A N/A $216,600 N/A N/A Maroochy (coastal region) $300 636 $300 652 MOUNT COOLUM f * 31 N/A N/A $399,000 15.7% 22.8% 4556 Buderim/ Forest Glen/ Sippy Downs/ Tanawha/ etc. $280 35 $290 40 DEC 10 19 73 9 DE MOUNTAIN CREEK * N/A N/A $261,000 12.0% N/A DEC 10 Mooloolaba/ Mountain Creek 4557 40 $295 1231 0 $290 114 NOOSAVILLE f * 8 $390,000 N/A $330,000 10.0% -25.8% 4558 Kuluin/ Maroochydore $320 197 $310 199 PELICAN WATERS f * SEP 10 7 52 $356,000 N/A $360,000 25 12.5% 16 22.6% 4559 Diddillibah/ Kiels Mountain/ Woombye/ etc. $280 11 $260 17 SE SEP 10 44 02 PEREGIAN SPRINGS + ~ * 14 $227,500 -5.2% $255,000 -5.6% N/A 4560 Bli Bli/ Burnside/ Montville/ Nambour/ etc. $245 55 $245 56 WOOMBYE * 8 $210,000 0.0% $222,500 -2.2% 38.2% 4564 Marcoola/ Mudjimba/ Pacific Paradise/ etc. $320 59 $320 73 4572 Alexandra Headland $330 69 $340 78 4573 Coolum Beach/ Peregian Springs/ Yaroomba/ etc. $290 86 $290 73 SUNSHINE COAST LAND SALES GLADSTONE LAND SALES Maroochy (inland region) $270 5 $190 8 <$250,000 <$350,000 <$500,000 $500,000+ <$250,000 Noosa (coastal region) <$350,000 $320 $350,000+ 123 $305 119 4565 Boreen Point/Cootharaba/ Tewantin/ etc. $270 12 $270 11 MAR 11 26 17 15 11 MAR 11 Noosaville 4566 47 6 5$320 44 $300 44 M 4567 Noosa Heads/ Sunrise Bch/ Sunshine Bch/ etc. $340 67 $310 64 Noosa (inland region) n.a. 4 n.a. 4 DEC 10 36 14 8 3 DEC 10 88 2 1 D SEP 10 39 18 18 9 SEP 10 57 4 2 S Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 19 www.reiq.com.au
  • 20. QUEENSLAND MAR K ET MONITORCONTENTS SUNSHINE COAST REGIONAL MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Postcode Postcode Localities Rent New Rent New Localities Rent New Rent New ($) Bonds ($) Bonds ($) Bonds ($) Bonds 3 BEDROOM TOWNHOUSES 3 BEDROOM TOWNHOUSES continued SUNSHINE COAST REGIONAL COUNCIL AREA $360 217 $350 147 4558 Kuluin/ Maroochydore $340 26 $350 21 Caloundra (coastal region) $350 39 $330 26 4560 Bli Bli/ Burnside/ Montville/ Nambour/ etc. $340 12 $290 5 4551 Currimundi/ Golden Beach/ Moffat Beach/ etc. $350 29 $330 24 4564 Marcoola/ Mudjimba/ Pacific Paradise/ etc. $390 8 $380 17 4575 Bokarina/ Minyama/ Parrearra/ Wurtulla/ etc. $350 10 n.a. 2 4573 Coolum Beach/ Peregian Springs/ Yaroomba/ etc. $370 26 $350 14 Caloundra (inland region) $290 22 n.a. 3 Maroochy (inland region) n.a. 0 n.a. 0 Maroochy (coastal region) $365 130 $360 98 Noosa (coastal region) $450 23 $400 20 4556 Buderim/ Forest Glen/ Sippy Downs/ Tanawha/ etc. $380 35 $360 24 4566 Noosaville $450 13 $400 10 4557 Mooloolaba/ Mountain Creek $360 19 $365 15 4567 Noosa Heads/ Sunrise Bch/ Sunshine Bch/ etc. $450 10 $450 9 Noosa (inland region) n.a. 3 n.a. 0 FRASER COAST REGIONAL Median house and unit prices Median rents Traditionally a slower time of the year for the property market, The median rent for a two-bedroom unit on the Fraser Coast Fraser Coast experienced a decrease to its median over the dropped $10 to $200 per week between for the year ending March quarter by 1.1 per cent to $295,000. SALES BRISBANE CITY UNIT Preliminary sales March 2011. The median rent for aUNIT SALES TOOWOOMBA three-bedroom increased by <$250,000 $250,000+ $350,000+ $500,000+ $1m+ <$250,000 $250,000+ $350,000+ $500,000+ numbers were also down about 17 per cent on the previous $5 to $255 a week over the same period. 37 quarter. MAR 11 220 478 174 13 Floods in Maryborough earlier this year resulted in some MAR 11 20 16 50 MA 34 The weather conditions that affected most of the state at the residents having to relocate to Hervey Bay, which resulted in a beginningDEC 10 year also paid an unwelcome visit to Fraser of the 260 511 239 46 slight DEC 10 tightening in Hervey Bay’s vacancy rate.2However, Hervey 43 23 3 DE Coast causing a sense of unease to infect the property market. 41 Bay’s vacancy rate of 5.1 per cent is still relatively high due to the number of rental properties located in new developments Agents in the10 SEP area are reporting that buyers are changing plans 265 628 270 37 SEP 10 45 26 7 2 SE coming onto the market. from buying now as a flow-on effect from the natural disasters. Torquay and Kawungan however recorded steady preliminary sales as well as median priceSURROUNDS UNIT SALES 3.3 BRISBANE increases over the period, up FRASER COAST UNIT SALES per cent ($309,000) and 1.5$250,000+ ($342,500) respectively. $1m+ <$250,000 per cent $350,000+ $500,000+ <$250,000 $250,000+ $350,000+ $500,000+ The unit and townhouse median recorded an increase of 8.3 TOOWOOMBA HOUSE SALES per cent to $260,000 over the143 CITYon the back of a decline MAR 11 71 BRISBANE quarter, HOUSE 3 58 14 SALES MAR 11 13 11 21 MA <$350,000 $350,000+ $500,000+ $1m+ <$350,000 $350,000+ $500,000+ the previous quarter. Higher quality unit sales recorded along 118 the Esplanade (across the suburbs of Torquay, Urangan83 DEC 10 MAR 11 98 697 172 910 79 31 & DEC 10 MAR 11 14 236 8 2 1 74 22 DE MAR 11 Scarness) also contributed to the increase. 121 It seems the long run of new unit developments has slowed38 3 SEP 10 DEC 10 113 799 231 1064 71 147 SEP 10 DEC 10 20 230 14 110 4 627 SE DEC 10 down with fewer new unit sales for the year ending March 137 INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL 2011, which has 10 SEP contributed to a lower median across the 780 1177 124 SEP 10 266 97 16 SEP 10 board compared to the previous 12 months. GOLD COAST UNIT SALES BUNDABERG UNIT SALES <$250,000 $250,000+ $350,000+ $500,000+ $1m+ <$250,000 $250,000+ $350,000+ $500,000+ Agents are still reporting a degree of oversupply which has brought prices down slightly.SURROUNDS HOUSE SALES BRISBANE Investors, although only around FRASER COAST HOUSE SALES 0 MA in small numbers,82 MAR 11 307 267 134 33 have snapped up some nice, prestigious MAR 11 12 <$350,000 8 3 $350,000+ $500,000+ <$350,000 $350,000+ $500,000+ $1m+ apartments at tidy prices. DEC 10 11 116 MAR 586 291 269 779 178 244 6 61 MAR 10 DEC 11 14 129 10 31 2 2 1 MAR DE 11 Median land prices DEC 10 718 885 291 20 DEC 10 147 40 73 DEC 10 SE The median price104 vacant374 SEP 10 for 282 urban land recorded a drop of 11191 50 SEP 10 20 12 6 per cent to $145,000 over the period. However, agents in the SEP 10 815 1009 328 16 SEP 10 156 51 9 SEP 10 area say the yearly median figure from March 2010 till March 2011, which increased LOGAN,per cent to $155,000, seemed more INCLUDES REDLAND, 3.3 IPSWICH & MORETON BAY REGIONAL reflective of the land status on theCOASTCoast. SALES SUNSHINE Fraser UNIT GLADSTONE UNIT SALES <$250,000 GOLD COAST HOUSE SALES $250,000+ $350,000+ $500,000+ $1m+ <$250,000 $250,000+ $350,000+ $500,000+ Glenwood recorded the most preliminary numbers of sales BUNDABERG HOUSE SALES <$350,000 $350,000+ $500,000+ $1m+ of all suburbs in the region, although the quarterly and yearly <$350,000 $350,000+ $500,000+ MAR 11 62 25 118 97 64 22 MAR 11 0 20 12 8 MAR median price remained unchanged. MAR 11 371 350 36 MAR 11 132 Please 32 page 36 for legend and further notes see 7 MAR 11 20 DEC 10 13 13 19 6Issue 10 - March Quarter 2011 DEC 10 58 125 102 84 15 page 20 www.reiq.com.au DEC
  • 21. FRASER COAST REGIONAL MEDIAN SALES DATA MEDIAN WEEKLY RENTS Suburb/ Number of Mar change 12 mths to change change Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Postcode Locality Sales Mar Qtr over the end of over over Localities Rent New Rent New Qtr 2011 2011 qtr Mar 2011 1yr 5yrs ($) Bonds ($) Bonds HOUSES 3 BEDROOM HOUSES FRASER COAST (LGA) 161 $295,000 -1.1% $300,000 -1.6% 17.6% FRASER COAST REGIONAL COUNCIL AREA $255 370 $250 380 FRASER COAST (LGA) ^ 34 $367,500 4.9% $383,000 3.5% 24.8% 4650 Maryborough region $240 134 $240 134 ELI WATERS 10 $314,500 N/A $320,000 -3.9% 19.0% Hervey Bay region $260 236 $255 246 GLENWOOD ^ ~ 4 N/A N/A $216,500 -4.6% 37.5% 4655 Hervey Bay/ Pialba/ Scarness/ Urangan $260 211 $260 227 KAWUNGAN 14 $342,500 1.5% $325,000 -1.5% 6.6% 4659 Burrum/ Burrum Heads/ Howard $240 18 $230 16 MARYBOROUGH ~ 38 $225,000 -8.9% $225,000 -4.1% 25.0% PIALBA 3 N/A N/A $295,500 1.9% 15.9% 2 BEDROOM FLATS/UNITS POINT VERNON ~ 15 $283,000 -7.2% $310,250 -1.5% 14.9% FRASER COAST REGIONAL COUNCIL AREA $200 253 $210 188 SCARNESS ~ BRISBANE CITY LAND $270,000 -13.5% 6 N/A N/A SALES 3.8% 4650 TOOWOOMBA LAND SALES Maryborough region $175 64 $170 51 TINANA <$250,000 4 <$350,000 N/A <$500,000 N/A $310,000 $500,000+ 0.0% 29.2% <$250,000 Hervey Bay region <$350,000 $220 $350,000+ 189 $220 137 TOOGOOM f 4 N/A N/A $299,500 -6.4% -0.2% 4655 Hervey Bay/ Pialba/ Scarness/ Urangan $220 182 $220 135 MAR 11 TORQUAY 21 28 11 8 6 $309,000 3.3% $320,000 1.6% 8.8% MAR Burrum/ Burrum 26 4659 11 Heads/ Howard 3 1 $220 7 n.a. 2 M URANGAN 16 $308,750 -2.0% $320,000 0.8% 13.5% URRAWEEN ~ 21 $330,000 0.0% $335,900 -4.0% 8.4% 3 BEDROOM TOWNHOUSES DEC 10 14 27 26 7 DEC 10 73 1 0 FRASER COAST REGIONAL COUNCIL AREA $295 45 $275 51 UNITS & TOWNHOUSES 4650 Maryborough region n.a. 2 n.a. 3 FRASER COAST (LGA) - * f 38 SEP 10 ~ 27 $260,000 54 8.3% $267,750 34-5.9% 15 1.9% SEP 10 Hervey Bay region 56 $300 435 0 $270 48 PIALBA - * f 7 $245,000 N/A $273,000 -14.3% 12.6% 4655 Hervey Bay/ Pialba/ Scarness/ Urangan $300 43 $270 48 SCARNESS ~ f 3 N/A N/A $240,000 -11.1% -17.2% TORQUAY * f 3 N/A N/A $240,000 -3.0% -12.7% URANGAN - * 4 N/A BRISBANE SURROUNDS LAND SALES N/A $315,000 -3.1% 18.9% FRASER COAST LAND SALES <$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$350,000 $350,000+ VACANT URBAN LAND FRASER COAST (LGA) * MAR 11 216 33 $145,000 47 9-11.0% 5 $155,000 3.3% 22.5% MAR 11 32 1 1 M FRASER COAST (LGA) ^ ~ * 21 $100,000 2.6% $99,500 -18.9% 60.5% BURRUM HEADS ~ * 3 N/A N/A8 $145,000 -1.2% 20.3% DEC 10 GLENWOOD ^ * 271 8 $80,500 57 4 $80,000 0.0% 0.0% 68.4% DEC 10 32 7 4 RIVER HEADS ~ 7 $130,000 N/A $145,000 -3.3% 20.8% TOOGOOM f 10 SEP 1 436N/A N/A $151,250 4.3% 5.2% 77 12 8 SEP 10 53 30 URRAWEEN 4 N/A N/A $169,500 4.3% 25.6% WONDUNNA * REDLAND, LOGAN, IPSWICH 5 MORETON BAY REGIONAL N/A Includes & $175,000 $175,000 7.7% 16.9% GOLD COAST LAND SALES BUNDABERG LAND SALES BUNDABERG<$350,000 <$500,000 <$250,000 REGIONAL $500,000+ <$250,000 <$350,000 $350,000+ 3 Median house and unit prices MAR 11 17 20 15 TheMAR 11 and townhouse market decreased 4.8 per cent to unit 26 0 1 $235,700 during the first quarter of the year. The median price Bundaberg’s median house price eased 1.8 per cent to 1 for the 10 ending March 2011 also dropped 7.4 per0cent. year DEC 10 19 7 9 DEC 40 1 $280,000 over the March quarter, following the third largest Preliminary sales numbers also decreased by about 18 per cent increase out of the state’s major regional centres in the during the last 12 months. previous quarter. SEP 10 52 25 16 SEP 10 44 02 REIQ accredited agents in Bundaberg have noticed investors Similar to other major regional centres, preliminary sales are tending to steer away from units and townhouses, rather numbers were also down about 15 per cent, with the greatest opting for affordable, established homes instead. However, it is number of sales down in the sub-$350,000 price range. retirees who are preferring to downsizeSALES type of property. SUNSHINE COAST LAND SALES GLADSTONE LAND to this Agents in the area are reporting a common theme of$500,000+ <$250,000 <$350,000 <$500,000 <$250,000 <$350,000 $350,000+ commuters buying up in Bundaberg to then travel to Median land prices Gladstone to work26 they perceive this is a far more affordable MAR 11 as 17 15 11 MAR 11 47 6 5 Bundaberg’s median price for vacant land increased 10.6 per option. cent to $146,000 over the March quarter, and was up 3.7 per Increased sales activity however was experienced in the DEC 10 36 14 8 3 centDEC 10the year, despite easing sales activity. Preliminary 2 1 for 88 suburbs of Kalkie, Kepnock and Avoca as well as at Innes Park sales numbers were down about 35 per cent on the previous on the coast. While sales eased slightly, higher quality homes quarter10 22 per cent over the year ending March 2011. SEP and 57 4 2 SEP 10 39 18 18 9 in North Bundaberg saw its median increase 14.3 per cent to Agents in the area have noticed banks are tightening their $267,000 over the quarter. lending criteria for rural property given the recent floods and the possibility of land being located in an area of high risk. Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 21 www.reiq.com.au
  • 22. QUEENSLAND MAR K ET MONITOR CONTENTS BUNDABERG REGIONAL TOOWOOMBA HOUSE SALES ROCKHAMPTON HOUSE SALES <$350,000 $350,000+ $500,000+ <$350,000 $350,000+ $500,000+ Bargara was a strong performer for the region and recorded MEDIAN SALES DATA enough sales to register a median price. Bargara,22 MAR 11 236 74 about 15 Suburb/ MAR 11 125 Number of 69Mar change 21 12 mths to change change minutes drive from Bundaberg on the Coral Coast, posted a 3.2 Locality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs per cent increase to $160,000. DEC 10 230 110 27 DEC 10 142 59 18 HOUSES HOUSE PRICEPOINTS - SALES NUMBERS BY PRICE RANGE124 Median rents SEP 10 266 97 16 BUNDABERG (LGA) ~ BUNDABERG (LGA) ^ 162 SEP 10 ~ 171 39 $280,000 -1.8% $320,00062 -13.5% 22 $335,000 $282,250 -0.1% 0.0% 28.3% 28.8% The median rent for a three-bedroom house remained AVENELL HEIGHTS ~ 10 $244,500 -11.1% $270,000 -3.6% 25.9% AVOCA ~ 15 $309,000 -3.4% $307,000 -4.1% 25.3% unchanged at $260 per week between March 2011 and March BARGARA ~ 20 $375,000 10.3% $370,000 1.1% 19.4% this year. The median rent for a two-bedroom unit also stayed FRASER COAST HOUSE SALES MACKAY HOUSE SALES BRANYAN ^ ~ 7 $327,500 -15.5% $345,000 0.1% 15.0% stagnant at $200 over the same period. $500,000+ <$350,000 $350,000+ <$350,000 BUNDABERG EAST $350,000+ 5 N/A$500,000+ N/A $270,000 -0.4% 25.6% Suburbs within the postcode 4671 (GinSALES Mount Perry) TOOWOOMBA UNIT Gin and BUNDABERG NORTH ~ ROCKHAMPTON $267,000 SALES 8 UNIT 14.3% $255,000 3.2% 27.5%$1m+ MAR 11 <$250,000129 $250,000+ $350,000+ 31 1 $500,000+ MAR 11 59 <$250,000 BUNDABERG SOUTH ~ 147 $238,000 $350,000+ $260,000 $250,000+ 9 -15.0%49 $500,000+ 3.0% 44.4% were the most affordable areas with the rent sitting at $230 per BUNDABERG WEST ~ 5 N/A N/A $242,000 -3.2% 14.2% week - $30 a week lower than the median for the region. MAR 11 DEC 10 20 16 147 50 40 7 BURNETT HEADS ~ MAR 11 53 6 DEC 10 8 35 0 164 N/A N/A $295,000 59 10.1% 31.1% The REIQ’s rental survey has shown a more stable rental market INNES PARK 8 $300,000 N/A $360,000 -2.7% 32.1%16 in the Bundaberg region, with vacancy rates 5132.5 per cent SEP 1010 DEC 43 156 23 at 2 9 KALKIE ~ SEP 10 DEC 10 77 10 14 $338,750 16148 -4.3% 9 $356,200 54 2 0.7% 31.9% over the March quarter - up from 2.1 per cent in September. KEPNOCK 17 $275,000 3.2% $284,000 3.5% 31.2% MILLBANK ~ 4 N/A N/A $267,000 11.3% 25.9% 37 SEP 10 45 26 7 2 NORVILLE ~ SEP 10 19 6 7 N/A 11 N/A 4 $231,500 -5.5% 26.8% SVENSSON HEIGHTS BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALES-2.9% 11 $230,000 $255,000 -1.9% 37.1% THABEBAN ~ 8 $263,500 -4.2% $275,000 1.9% 34.1% <$350,000 $350,000+ $500,000+ <$350,000 $350,000+ $500,000+ WALKERVALE ~ 4 N/A N/A $230,000 -3.8% 29.2% FRASER COAST UNIT SALES MACKAY UNIT SALES $1m+ MAR 11 <$250,000 132 $250,000+ 32 7 $350,000+ $500,000+ UNITS & 145 MAR 11 TOWNHOUSES162 <$250,000 $250,000+ 42 $350,000+ $500,000+ TOOWOOMBA LAND SALES BUNDABERG (LGA) ~ * f 23 $235,700 ROCKHAMPTON LAND SALES -4.8% $250,000 -7.4% 13.6%0+ BARGARA * f 170 4 N/A 234 N/A $342,500 63 3.8% -17.0% MAR 11 DEC 10 <$250,000 154 13 11 <$350,000 21 39 $350,000+ 9 DEC 10 MAR 11 11 <$250,00020 8 2 <$350,000 $350,000+ MAR 11 26 3 1 VACANT URBAN LAND DEC 10 SEP 10 14 1818 2 1 42 8 SEP 10DECMAR 11 10 9 178 47 19 27 9 214 1 210.6% 4 57 BUNDABERG (LGA) ~ f $146,000 $140,000 3.7% 27.3% BUNDABERG (LGA) ^ ~ 13 N/A N/A $142,000 -2.1% 57.8% DEC 10 73 1 0 76 26 $139,500 083 SEP 10 20 14 4 6 ASHFIELD 10 SEP DEC 10 20 1 N/A N/A 9 3 7 9.4% N/A BARGARA f 5 $160,000 3.2% $161,500 -2.1% 7.7% GLADSTONE 56 HOUSE SALES SEP 10 CAIRNS HOUSE SALESN/A15 SEP 10 5 0 BURNETT HEADS 1 N/A $110,000 N/A 22.2% 70 3 0 MOORE PARK BEACH <$350,000 3 $350,000+ N/A $500,000+ N/A $146,000 N/A N/A <$350,000 $350,000+ $500,000+ BUNDABERG UNIT SALES TOWNSVILLE UNIT SALES $1m+ <$250,000 $250,000+ $350,000+ $500,000+ <$250,000 $250,000+ $350,000+ $500,000+ MAR 11 27 136 42 MAR 11 113 106 48 FRASER COAST 0 LAND SALES MEDIAN WEEKLY RENTS SALES MACKAY LAND MAR 11 12 8 3 MAR 11 26 29 19 100+ DEC 10 <$250,000 61 <$350,000 130 $350,000+ 30 DEC 10 148 Suburbs/ <$250,000 139 <$350,000Mar Qtr 2011 $350,000+2010 55 Mar Qtr Postcode Localities Rent New Rent New 32 ($) Bonds ($) Bonds 2 271 1 20 41 MAR 11 DEC MAR 11 10 26 44 18 17 44 14 90 10 2 DEC 10 SEP 10 SEP 10 166 165 55 3 BEDROOM HOUSES DEC 10 32 7 4 BUNDABERG REGIONAL COUNCIL AREA DEC 10 37 31 7 21 5 $260 351 $260 354 SEP 10 20 12 6 3 SEP 10 22 11 4660 Apple Tree Creek/ Childers/ Woodgate $255 25 $240 22 4670 Bundaberg/ Avoca/ Bargara/ Burnett Heads/ etc. $265 313 $260 3108 SEP 10 53 30 SEP 10 68 13 $2303 4671 Gin Gin/ Mount Perry $230 13 21 GLADSTONE UNIT SALES 2 BEDROOM FLATS/UNITS CAIRNS UNIT SALES <$250,000 $250,000+ $350,000+ $500,000+ BUNDABERG REGIONAL COUNCIL AREA $200 194 $200 162 $1m+ BUNDABERG LAND SALES 4660 <$250,000 TOWNSVILLE $350,000+ $250,000+ LAND $250 $500,000+n.a. Apple Tree Creek/ Childers/ Woodgate SALES 5 200+ <$250,000 <$350,000 8 $350,000+ 4670 <$250,000 <$350,000 $200 Bundaberg/ Avoca/ Bargara/ Burnett Heads/ etc. $350,000+ 188 $200 160 MAR 11 0 20 12 MAR 11 66 30 10 10 MAR 11 26 0 1 3 BEDROOM TOWNHOUSES MAR 11 41 3 2 DEC 10 13 13 19 6 DEC 10 BUNDABERG REGIONAL COUNCIL AREA 124 46 $285 24 22 25 $290 13 4670 Bundaberg/ Avoca/ Bargara/ Burnett Heads/ etc. $285 22 $285 12 DEC 10 40 10 DEC 10 55 6 2 SEP 10 17 5 4 6 SEP 10 119 56 32 21 SEP 10 44 02 SEP 10 55 4 2 GLADSTONE LAND SALES CAIRNS LAND SALES page 36 for legend and further notes Please see0+ <$250,000 Issue 10 - March Quarter 2011 <$350,000 $350,000+ page 22 <$250,000 <$350,000 www.reiq.com.au $350,000+
  • 23. BRISBANE SURROUNDS HOUSE SALES FRASER COAST HOUSE SALES BRISBANE CITY UNIT SALES <$350,000 $350,000+ $500,000+ $1m+ TOOWOOMBA UNIT <$350,000 $350,000+ SALES $500,000+ <$250,000 $250,000+ $350,000+ $500,000+ $1m+ <$250,000 $250,000+ $350,000+ $500,000+ MAR 11 37 586 779 244 6 MAR 11 129 31 1 MAR 11 MAR 11 220 478 174 13 MAR 11 20 16 50 MAR 1 GLADSTONE REGIONAL DEC 10 34 718 885 291 20 DEC 10 147 40 7 DEC 10 DEC 10 260 511 239 46 DEC 10 43 23 23 DEC 1 SEP 10 Median house and unit prices 41 815 1009 328 16 buy 9 population who are happy to rent instead of 51 given they SEP 10 156 SEP 10 SEP 10 265 628 INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL 270 37 perhaps don’t intend45 live in the region over the 2 SEP 10 to 26 7 long-term. SEP 1 The growth of liquefied natural gas (LNG) has propelled Gladstone to be the top performing major region of As was anticipated, new developments coming onto the GOLD COAST HOUSE SALES market and the BUNDABERG HOUSE SALES helped supply increased investor activity has Queensland for the March quarter. <$350,000 $350,000+ $500,000+ $1m+ to keep up with demand. Compared to September last year, <$350,000 $350,000+ $500,000+ Its median house price increased 5.1 per cent toSALES over BRISBANE SURROUNDS UNIT $415,000 25 FRASER COAST UNIT SALES vacancy rates as at the end of March remain unchanged at 1.4 the period. Preliminary $250,000+ $350,000+ 350 $500,000+ on <$250,000 sales numbers are up 25 per cent36 $1m+ MAR 11 371 per cent. MAR 11 <$250,000 132 $250,000+ $350,000+ 32 7 $500,000+ MAR 11 the same period last year. 20 MAR 11 71 143 58 14 3 That said Gladstone has experienced1robust growth in median MAR 11 13 11 2 MAR The Gladstone region is at the heart of Queensland’s next DEC 10 376 318 37 rents over the past year. 154 median rent for a three-bedroom DEC 10 The 39 9 DEC 10 resources boom, which revolves172 DEC 10 24 98 around the development of 79 31 house increased14 per week to2$360 between March 2011 DEC 10 $80 8 1 DEC LNG. SEP 10 433 332 49 and March last year. The median rent for a two-bedroom unit SEP 10 181 42 8 SEP 10 Local agents report113 activity over231 March quarter was 3 SEP 10 that the 71 38 increased $45 per week to $275 over 14 same 4period. SEP 10 20 the 6 SEP robust with strong demand from homebuyers and investors. INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL Buyer demand was strong across the board including from SUNSHINE COAST HOUSE SALES GLADSTONE HOUSE SALES current and prospective mine workers. SALES <$350,000 COAST UNIT $500,000+ GOLD $350,000+ $1m+ BUNDABERG UNIT <$350,000 SALES $350,000+ $500,000+ Activity was also<$250,000from investors, as is often the case in a $1m+ strong 55 $250,000+ $350,000+ $500,000+ 20 <$250,000 $250,000+ $350,000+ $500,000+ MAR 11 269 154 MAR 11 27 1360 42 MAR 11 resources-driven market. MAR 11 82 49 307 267 134 33 MAR 11 12 8 3 MAR 1 15 First home buyers are also reportedly acting quickly to get into DEC 10 DEC 10 307 178 DEC 10 61 130 30 the market, which local agents believe is the start of a new real DEC 10 116 68 291 269 178 61 DEC 10 14 10 2 2 DEC 1 estate growth cycle for the Gladstone region. 26 SEP 10 322 189 SEP 10 44 90 27 SEP 10 Demand has continued to be strong since the end of the SEP 1 SEP 10 104 374 282 191 50 SEP 10 20 12 6 3 March quarter with results for the June quarter expected to be equally as healthy. The high level of interest in the market is not without its concerns, however, given the COASTmay struggle to SUNSHINE region UNIT SALES GLADSTONE UNIT SALES accommodate the 16,000 workers that $350,000+ $500,000+ $1m+ <$250,000 $250,000+ are required over the <$250,000 $250,000+ $350,000+ $500,000+ next five years within the mining industry. To this end, more workers’MAR 11 for FIFO employees are likely to be22 camps 62 118 97 64 built to cope MAR 11 0 20 12 8 MAR 11 with the over-flow. Gladstone’s10 58 unit and townhouse price increased 0.7 DEC median 125 102 84 15 DEC 10 13 13 19 6 DEC 10 per cent to $347,500 over the March quarter. The preliminary number of sales is up 35 per cent on the same period last year. SEP 10 17 5 4 6 SEP 10 46 140 99 77 24 SEP 10 Demand for new high-end units in the region has resulted in a number of developments obtaining sale prices of more than $450,000 – which is a relatively new phenomenon for the area. One 39-unit complex also reportedly sold out before the MEDIAN SALES DATA concrete slab had been laid. Suburb/ Number of Mar change 12 mths to change change Locality Sales Mar Qtr over the end of over over Median land prices Qtr 2011 2011 qtr Mar 2011 1yr 5yrs HOUSES New house and land packages have recorded solid price GLADSTONE (LGA) 205 $415,000 5.1% $395,000 8.2% 66.0% increases over the past six months. Some which may have GLADSTONE (LGA) ^ ~ 28 $540,000 19.6% $510,000 15.3% 71.7% achieved $425,000 to $450,000 last year are now achieving BARNEY POINT 6 N/A N/A $317,500 N/A 89.0% between $525,000 and $550,000. BOYNE ISLAND ~ 22 $447,500 1.7% $447,000 13.2% 69.6% CALLIOPE * 24 $415,000 1.7% $405,000 8.0% 92.2% The median price of vacant land in Gladstone increased 5.5 CLINTON 33 $408,000 6.8% $389,000 7.3% 55.6% per cent to $195,000 over the period. A new development in GLEN EDEN ~ * 15 $455,000 12.9% $446,500 -2.9% 90.4% Calliope attracted 22 preliminary land sales over the period and KIN KORA 12 $406,500 4.2% $385,000 7.1% 65.6% helped push its median price up 12.1 per cent to $185,000. NEW AUCKLAND ~ 12 $433,500 12.6% $396,000 2.9% 76.0% SOUTH GLADSTONE 16 $374,500 5.8% $355,000 7.8% 65.1% Median rents SUN VALLEY ~ TANNUM SANDS ~ 7 14 $379,000 $476,000 9.2% 9.4% $363,500 $450,000 N/A -3.2% 77.3% 34.3% Demand for residential rental property continues to be strong TELINA * ~ 7 $392,000 N/A $445,000 15.4% 74.5% especially from the more transient segment of the Gladstone TOOLOOA 5 N/A N/A $329,000 N/A 88.0% WEST GLADSTONE ~ 21 $395,000 14.5% $366,000 13.4% 78.5% Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 23 www.reiq.com.au
  • 24. 56 5 SEP 10 70 3 0 QUEENSLAND MAR K ET FRASER COAST LAND SALES MACKAY LAND SALES+ MONITOR MAR 11 <$250,000 32 <$350,000 1 1 $350,000+ MAR 11 <$250,000 20 41 <$350,000 $350,000+ CONTENTS GLADSTONE REGIONAL4 32 DEC 10 7 DEC 10 37 7 5 MEDIAN SALES DATA MEDIAN SALES DATA SEP 10 53 30 SEP 10 68 13 3 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 2011 2011 qtr Mar 2011 1yr 5yrs Qtr 2011 2011 qtr Mar 2011 1yr 5yrs UNITS & TOWNHOUSES VACANT URBAN LAND continued GLADSTONE (LGA) - * f BUNDABERG LAND SALES 40 $347,500 0.7% $335,000 7.8% 104.0% CALLIOPE * TOWNSVILLE LAND SALES 22 $185,000 12.1% $162,000 15.3% 149.2%0+ GLADSTONE CITY * <$250,000 f 3 <$350,000 N/A N/A $350,000+ 146.4% $369,550 N/A CALLIOPE ^ * <$250,000 2 <$350,000 N/A N/A $350,000+ $190,000 N/A 72.7% SOUTH GLADSTONE 5 N/A N/A $258,500 7.3% 124.8% CLINTON * 2 N/A N/A $184,900 N/A 65.9% TANNUM SANDS * f MAR 11 9 26 $318,000 0 N/A 1 $297,000 N/A N/A MAR 11 GLEN EDEN ~ * 41 8 $270,000 3 36.7% 2 $195,000 8.3% 62.5% WEST GLADSTONE * 6 N/A N/A $289,000 N/A 88.9% KIRKWOOD * 10 $210,000 5.0% $195,000 9.6% N/A SOUTH GLADSTONE * 4 N/A N/A $200,000 N/A 96.1% DEC 10 55 6 2 VACANT URBAN LAND DEC 10 40 10 GLADSTONE (LGA) * 58 $195,000 5.5% $189,000 5.0% 64.5% GLADSTONE (LGA) ^ ~ * 21 $245,000 16.1% $210,000 9.4% 75.0% MEDIAN WEEKLY RENTS SEP 10 55 4 2 SEP 10 44 02 AGNES WATER ~ f 3 N/A N/A $160,500 -9.8% -32.8% Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Postcode BOYNE ISLAND * f 4 N/A N/A $202,000 -3.8% 74.1% Localities Rent New Rent New ($) Bonds ($) Bonds 3 BEDROOM HOUSES GLADSTONE LAND SALES CAIRNS LAND SALES$360 GLADSTONE REGIONAL COUNCIL AREA 212 $280 238+ <$250,000 <$350,000 $350,000+ 4677 Agnes Water/ Miriam Vale <$250,000 <$350,000 $285 16 $280 $350,000+ 23 4680 Gladstone/ Boyne Island/ Clinton/ Kin Kora/ etc. $360 190 $285 206 MAR 11 47 6 5 MAR 11 31 3 1 2 BEDROOM FLATS/UNITS GLADSTONE REGIONAL COUNCIL AREA $275 181 $230 197 DEC 10 88 2 1 4680 10 45 DEC Gladstone/ Boyne Island/ Clinton/ Kin Kora/ etc. $2805 2 178 $230 190 SEP 10 57 4 2 3 BEDROOM TOWNHOUSES SEP 10 53 6 8 GLADSTONE REGIONAL COUNCIL AREA $400 26 $300 27 4680 Gladstone/ Boyne Island/ Clinton/ Kin Kora/ etc. $400 24 $300 26 ROCKHAMPTON REGIONAL Median house and unit prices Agents in the area report a relatively stable market, however buyer activity in the upper price bracket is down. Aside from the LNG project-boosted region of Gladstone, Rockhampton posted the second highest median house price Without varying factors affecting median prices, Gracemere across the State. The area recorded a 3.8 per cent increase to its and Frenchville were the two top performing suburbs in the median house price to $325,000 over the March quarter. region with 2.3 per cent ($327,500) and 0.6 per cent ($327,000) increases respectively. Gracemere continues to perform well Rockhampton continues to benefit from the growth in the given its proximity to mining areas. resources sector taking off in nearby Gladstone, despite some setbacks due to the natural disasters in January. Norman Gardens recorded the highest number of preliminary sales for the region throughout the March quarter with the Preliminary sales reports show numbers holding relatively majority of sales being established homes sold by investors. steady, with the $350,000 to $500,000 price bracket performing well, up 10 preliminary sales compared to the previous quarter. This suburb has a mix of older homes and properties built in the last five years – creating a huge range in sale prices over the quarter – from a $150,000 housing commission property to a $865,000 modern five-bedroom home. It appears the ROCKHAMPTON HOUSE SALES affordable end of Norman Gardens was in greater demand <$350,000 $350,000+ $500,000+ throughout the quarter. Units and townhouses in Rockhampton also reported an MAR 11 125 69 21 increase to its median price with a 4.5 per cent rise to $300,000 27 despite preliminary sales numbers dropping significantly over DEC 10 142 59 18 the March quarter. HOUSE PRICEP 16 SEP 10 162 62 22 Yeppoon was the only suburb that recorded enough sales to calculate a median figure, due to continued sales in the new unit market, seeing its annual median increase 22.6 per cent. MACKAY HOUSE SALES Please see page 36 for legend and further notes <$350,000 $350,000+ $500,000+ Issue 10 - March Quarter 2011 page 24 www.reiq.com.au
  • 25. ROCKHAMPTON REGIONAL Median land prices MEDIAN SALES DATA Suburb/ Number of Mar change 12 mths to change change Another win for the Rockhampton property market was vacant Locality Sales Mar Qtr over the end of over over urban land posting a 9.3 per cent increase for the March Qtr 2011 2011 qtr Mar 2011 1yr 5yrs quarter to $147,500. However, this follows a decline over the HOUSES continued previous quarter. KAWANA ~ 9 $285,000 -1.0% $310,000 4.2% 44.2% KOONGAL ~ 6 N/A N/A $252,000 -8.0% 48.2% Gracemere recorded the highest number of preliminary land MOUNT MORGAN ~ 5 N/A N/A $130,000 -13.0% 56.6% sales in Rockhampton, and also recorded a 20.9 per cent NORMAN GARDENS ~ * 37 $447,500 -10.5% $440,000 14.3% 50.0% median increase for the year. Agents in the region are reporting PARK AVENUE ~ 7 $258,000 -3.9% $250,000 -3.3% 41.0% an increase in investor interest in this suburb. ROCKHAMPTON CITY ~ 7 $240,000 38.7% $191,500 -7.3% 41.9% ROCKYVIEW ^ ~ * 6 $618,500 N/A N/A N/A N/A Median rents THE RANGE ~ WANDAL ~ 13 10 $335,000 $259,500 -22.9% -20.3% $382,500 $278,500 4.8% -2.3% 53.6% 48.7% The median rent for a three-bedroom house increased $10 per WEST ROCKHAMPTON 8 $266,000 N/A $259,250 -2.2% 49.9% YEPPOON ~ 12 $422,000 11.5% $377,250 8.4% 29.6% week to $300 between March 2011 and March this year. The median rent for a two-bedroom unit increased $10 per week to UNITS & TOWNHOUSES $235 over the same period. ROCKHAMPTON (LGA) - * f 17 $300,000 4.5% $295,000 5.4% 59.5% The REIQ’s March rental survey found a tightening of rentals in YEPPOON - * f 5 N/A N/A $361,750 22.6% 59.0% Rockhampton, with vacancy rates sitting at 1.8 per cent. Down VACANT URBAN LAND from 5.8 per cent one year ago. ROCKHAMPTON (LGA) + * 51 $147,500 9.3% $145,000 1.9% 28.3% ROCKHAMPTON (LGA) ^ ~ * 9 N/A N/A $199,500 -0.4% 88.2% FRENCHVILLE * 1 N/A N/A $150,000 N/A 25.0% ROCKHAMPTON UNIT SALES GRACEMERE * 21 $133,500 -0.4% $133,000 20.9% 77.3%,000+ <$250,000 $250,000+ $350,000+ $500,000+ LAMMERMOOR + * 1 N/A N/A $141,750 -3.6% 11.6% MULAMBIN + * f 1 N/A N/A $160,000 6.7% 14.3% MAR 11 6 8 3 0 NORMAN GARDENS 9 $186,000 4.5% $175,000 2.9% 55.3% ROSSLYN 3 N/A N/A $160,500 N/A 36.0% DEC 10 10 16 9 2 YEPPOON * G 3 N/A N/A $152,500 -1.3% 27.1% ZILZIE * 2 N/A N/A $181,500 13.4% 25.2% SEP 10 19 7 11 4 MEDIAN WEEKLY RENTS Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Postcode Localities Rent New Rent New ($) ($) MACKAY UNIT SALES Bonds Bonds,000+ <$250,000 $250,000+ $350,000+ $500,000+ 3 BEDROOM HOUSES ROCKHAMPTON LAND SALES ROCKHAMPTON REGIONAL COUNCIL AREA $300 424 $290 405 MAR 11 11 <$250,000 8 20 <$350,000 2 $350,000+ Rockhampton region $300 268 $280 248 4700 Allenstown/ Depot Hill/ Rockhampton City/ etc. $290 102 $280 89 MAR 11 10 47 1 29 4701 Berserker/ Park Avenue/ Norman Gardens/ etc. $305 166 $290 159 DEC 9 19 4 Livingstone region $300 144 $300 144 4702 Coowonga/ Keppel Sands/ The Caves/ etc. $300 47 $285 501 0 DEC 10 10 76 3 0 SEP 20 26 9 7 4703 Cooee Bay/ Rosslyn/ Taranganba/ Yeppoon/ etc. $310 81 $310 72 4710 Emu Park/ Zilzie $290 16 $290 19 SEP 10 70 3 0 4714 Mount Morgan $170 12 $165 13 TOWNSVILLE UNIT SALES 2 BEDROOM FLATS/UNITS,000+ <$250,000 $250,000+ $350,000+ $500,000+ ROCKHAMPTON REGIONAL COUNCIL AREA $235 275 $225 282 Rockhampton region $220 208 $220 226 MACKAY LAND SALES MEDIAN SALES DATA MAR 11 26 29 19 10 4700 Allenstown/ Depot Hill/ Rockhampton City/ etc. $240 63 $220 58 <$250,000 <$350,000 $350,000+ Suburb/ Number of Mar change 12 mths to change change 4701 Berserker/ Park Avenue/ Norman Gardens/ etc. $220 145 $220 168 Locality Sales Mar Qtr over the end of over over Livingstone region $280 67 $260 56 MARDEC 10 11 1 20 26 Qtr42011 201144 qtr Mar182011 1yr 17 5yrs 4702 Coowonga/ Keppel Sands/ The Caves/ etc. $215 7 $200 6 HOUSES 4703 Cooee Bay/ Rosslyn/ Taranganba/ Yeppoon/ etc. $280 59 $260 50 DEC SEP 10 10 ROCKHAMPTON (LGA) 22 37 215 31 7 $325,000 5 21 3.8% $320,000 11 2.6% 56.1% ROCKHAMPTON (LGA) ^ ~ 38 $460,000 -7.6% $432,000 -1.8% 46.4% 3 BEDROOM TOWNHOUSES ALLENSTOWN 8 $258,750 -1.4% $265,250 6.1% 3 58.8% ROCKHAMPTON REGIONAL COUNCIL AREA $310 10 $315 80 SEP 10 68 13 BERSERKER ~ 10 $261,000 7.6% $243,000 2.1% 47.3% 4702 Coowonga/ Keppel Sands/ The Caves/ etc. $320 5 n.a. 0 BONDOOLA ^ ~ * 5 $525,000 N/A N/A N/A N/A FRENCHVILLE CAIRNS UNIT SALES 20 $327,000 0.6% $331,000 1.7% 40.9%0,000+ <$250,000 22 $250,000+ 2.3% SALES GRACEMERE TOWNSVILLE LAND $330,000 $327,500 $350,000+ $500,000+ 3.9% 50.0% Please see page 36 for legend and further notes <$250,000 <$350,000 $350,000+ Issue 10 MAR 11 Quarter 2011 30 1010 - March 66 page 25 www.reiq.com.au
  • 26. QUEENSLAND MAR K ET MONITOR CONTENTS MACKAY REGIONAL Median house and unit prices Median rents The median house price in Mackay decreased 5.7 per cent to Demand continues to be strong for rental properties in Mackay $396,000 over the March quarter. The preliminary numbers of which has resulted in its vacancy rate remaining tight at 1.3 per TOOWOOMBA HOUSE SALES sales were also down about 8 per cent on the previous quarter. ROCKHAMPTON HOUSE SALES cent over the March quarter. This level of demand has pushed $1m+ <$350,000 $350,000+ $500,000+ median rents up across <$350,000 the board. $350,000+ $500,000+ The result is a marked turnaround from the December quarter 83 when the region boasted a 7 per cent increase on the back of MAR 11 236 74 22 The median rent for125three-bedroom house increased $15 per MAR 11 a 69 21 the robust resources sector. week to $385 between March 2011 and March last year. The 147 median 10 for a two-bedroom unit increased $20 per week to rent However, over the March quarter, the market was negatively 27 DEC 10 230 110 DEC 142 59 18 $300 over the same period. HOUSE PRICEPOINTS - SALES NUMBERS BY PRICE RANGE impacted by a prolonged wet season and the flow-on affects 124 from Cyclone Yasi which struck in266 SEP 10 February. 97 16 SEP 10 162 62 22 Local agents say the market performed very sporadically over the quarter and continues to be patchy as best since that time.ALES FRASER COAST HOUSE SALES MACKAY HOUSE SALES Demand across the board was lower than during the $1m+ <$350,000 $350,000+ $500,000+ <$350,000 $350,000+ $500,000+ December quarter as people became more concerned about a TOOWOOMBA UNIT SALES ROCKHAMPTON UNIT SALES $1m+ number of economic factors,$250,000+ interest rates. $500,000+ MAR 11 <$250,000 including $350,000+ 1 129 31 MAR 11 <$250,000 59 $250,000+ 147 $350,000+ 49$500,000+ Agents report that the number of people through open homes MAR 11 20 16 50 MAR 11 6 53 8 3 01 20 has reducedDEC 10 markedly and there has also been less activity 147 40 7 DEC 10 164 59 from investors and first home buyers. DEC 10 43 23 23 DEC 1010 10 77 16 9 2 328 16 9 Solid performers over the March156 51 148 54 SEP 10 SEP quarter included Beaconsfield and North 10 Mackay, which recorded median house price growth 37 SEP 45 26 7 2 SEP 10 19 7 11 4 of 2.6 per cent and 3.4 per cent respectively. BUNDABERG HOUSE SALES The median unit and townhouse price in Mackay decreased TOWNSVILLE HOUSE SALES $1m+ 3.3 per cent to $290,000 over the quarter. Preliminary sales <$350,000 $350,000+ $500,000+ <$350,000 $350,000+ $500,000+ FRASER COAST up by SALES 10 per cent numbers, on the other hand, were UNIT about MACKAY UNIT SALES 36 $1m+ mainly due to the sale of stock in a new development $500,000+ <$250,000 MAR 11 132 $250,000+ 32 $350,000+ 7 in MAR 11 145 <$250,000 162 $250,000+ 42 $350,000+ $500,000+ Mackay city. TOOWOOMBA LAND SALES ROCKHAMPTON LAND SALES 0+37 MAR 11 DEC 10 13 <$250,000 11 154 2 <$350,000 1 $350,000+ 9 39 MAR 11 DEC 10 11 170 <$250,000 20 2 8 234 <$350,000 63 $350,000+ Mackay unit numbers held steady over the quarter with sales up in the suburb of26 MAR 11 South Mackay specifically. The suburb of 3 1 49 DEC 10 14 8 181 1 2 8 MAR1010 DEC 11 SEP 9 1784719 1 2 214 9 4 57 Mackay (CBD) also leads the way with riverside units selling SEP 10 42 well. DEC 10top sale over the period went to a unit in the “Rivage” 0 The 38 3 20 73 14 1 DEC 10 76 93 0 7 SEP 10 4 luxury apartment complex on River Street for $560,000. 6 SEP 10 20 26ALES 15 Over SEP 10year, sales were recorded in HOUSE SALES 0 unit the GLADSTONE another newly-built 56 5 SEP 10 CAIRNS HOUSE SALES 70 3 0 complex on River St and another two on Nelson St, which is <$350,000 $350,000+ $500,000+ $1m+ BUNDABERG UNIT SALES $500,000+ <$350,000 $350,000+ within walking distance of the Centrepoint shopping centre TOWNSVILLE UNIT SALES0 <$250,000 $250,000+ $350,000+ $500,000+00+ $1m+ <$250,000 $250,000+ $350,000+ $500,000+ and the TAFE. 11 27 MAR 136 42 MAR 11 113 106 48 0 15 FRASER COAST LAND SALES MACKAY LAND SALES 26 29 19 10 Median land 12 61 prices MAR 11 8 3 MAR 1100+ <$250,000 DEC 10 <$350,000 130 $350,000+ 30 DEC 10 <$250,000 148 <$350,000 55 139 $350,000+ 26 The MAR 11 10 price median of land32 Mackay decreased 11.9 per cent in DEC 14 10 2 12 1 MAR 11 DEC 10 20 26 41 44 18 179 to $290,000 over the March quarter however this figure was SEP 10 44 90 27 SEP 10 166 165 55 impacted by varying qualities of new stock, and waterfront,50 DEC 10 32 12 7 4 DEC 10 SEP 10 22 37 31 7 5 21 11 stock sold. 10 SEP 20 There were 24 preliminary sales of land6under 3 2,400m² over the period. 8 SEP 10 53 30 SEP 10 68 13 3 About 87 Regional First Home Owner Grants have been paid to first-timers since 1GLADSTONE UNIT SALES region who June last year in the Mackay CAIRNS UNIT SALES have opted buy a new build as their first property. <$250,000 $250,000+ $350,000+ $500,000+00+ $1m+ <$250,000 $250,000+ $350,000+ $500,000+ BUNDABERG LAND SALES TOWNSVILLE LAND SALES00+ MAR 11 0<$250,000 20 <$350,000 12 8 $350,000+ <$250,000 <$350,000 $350,000+ MAR 11 66 30 10 10 MAR 11 26 0 1 MAR 11 41 3 2 DEC 10 13 13 19 6 DEC 10 124 46 24 25 DEC 10 40 10 DEC 10 55 6 2 SEP 10 17 5 4 6 SEP 10 119 56 32 21 Please see page 36 for legend and further notes SEP 10 55 4 2 Issue 10 SEP 10 - March Quarter 2011 44 02 page 26 www.reiq.com.au
  • 27. MACKAY REGIONAL 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 2011 2011 qtr Mar 2011 1yr 5yrs Qtr 2011 2011 qtr Mar 2011 1yr 5yrs HOUSES VACANT URBAN LAND continued MACKAY (LGA) ~ 255 $396,000 -5.7% $405,000 2.5% 26.6% BLACKS BEACH f 0 N/A N/A $189,000 0.0% -5.5% MACKAY (LGA) ^ ~ 30 $547,500 13.5% $499,500 2.4% 39.1% BUCASIA 0 N/A N/A $168,250 2.6% 25.6% ANDERGROVE ~ 30 $390,000 -7.1% $392,000 -0.8% 18.8% MARIAN 2 N/A N/A $153,500 3.7% 42.8% BEACONSFIELD 16 $415,500 2.6% $407,500 2.1% 25.4% OORALEA 2 N/A N/A $192,000 5.5% N/A BLACKS BEACH ~ f 8 $562,000 18.3% $492,500 6.2% 23.4% RURAL VIEW * 2 N/A N/A $184,000 -3.7% 32.4% BUCASIA 15 $415,000 -2.6% $420,000 -1.2% 23.1% SARINA 0 N/A N/A $179,000 8.5% 49.2% EAST MACKAY ~ * 10 $440,000 -12.9% $425,000 15.5% 24.5% EIMEO 13 $445,000 -1.1% $449,000 0.3% 27.6% GLENELLA ~ 11 $555,000 15.1% $522,500 3.9% 19.3% MEDIAN WEEKLY RENTS MACKAY 7 $357,500 N/A $387,500 10.7% 23.0% Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Postcode MARIAN 11 $420,000 -1.2% $415,000 5.1% 66.0% Localities Rent New Rent New ($) Bonds ($) Bonds MOUNT PLEASANT ~ 9 $420,000 1.2% $420,000 -1.2% 11.6% NORTH MACKAY 13 $385,000 3.4% $357,500 8.3% 32.9% 3 BEDROOM HOUSES OORALEA ~ 12 $472,500 -9.1% $496,500 13.5% 46.0% MACKAY REGIONAL COUNCIL AREA $385 324 $370 325 RURAL VIEW 12 $425,000 N/A $456,000 1.8% 22.3% 4737 Sarina/ Sarina Beach/ Armstrong Beach $350 25 $350 34 SARINA ~ G 7 $306,000 N/A $300,000 -9.1% 36.4% 4740 Andergrove/ Beaconsfield/ Mackay/ Ooralea/ etc. $390 244 $375 249 SLADE POINT ~ f 7 $328,000 -25.5% $371,000 5.8% 27.9% 4741 Ball Bay/ Eton/ Farleigh/ Pleystowe/ Seaforth/ etc. $350 12 $330 8 SOUTH MACKAY 14 $368,500 -2.8% $370,000 5.7% 25.4% 4750 Bucasia/ Shoal Point $420 21 $420 16 WALKERSTON ~ 15 $488,000 12.2% $455,000 2.8% 33.0% 4751 Greenmount/ Palmyra/ Victoria Plains/ Walkerston $380 11 n.a. 4 WEST MACKAY ~ 20 $355,000 -4.7% $375,000 4.9% 29.3% 2 BEDROOM FLATS/UNITS UNITS & TOWNHOUSES MACKAY REGIONAL COUNCIL AREA $300 266 $280 270 MACKAY (LGA) - ~ 41 $290,000 -3.3% $310,000 3.3% 34.8% 4737 Sarina/ Sarina Beach/ Armstrong Beach $200 14 $210 18 MACKAY * 10 $267,500 0.9% $298,000 9.0% 37.3% 4740 Andergrove/ Beaconsfield/ Mackay/ Ooralea/ etc. $300 232 $285 231 SOUTH MACKAY 9 $274,402 N/A $295,000 0.0% 34.1% 4750 Bucasia/ Shoal Point $290 16 $260 10 VACANT URBAN LAND 3 BEDROOM TOWNHOUSES MACKAY (LGA) + * f 24 $170,000 -11.9% $179,500 2.0% 26.4% MACKAY REGIONAL COUNCIL AREA $420 16 $370 40 MACKAY (LGA) ^ ~ 12 N/A N/A $245,000 -3.9% 14.0% 4740 Andergrove/ Beaconsfield/ Mackay/ Ooralea/ etc. $420 16 $370 38 ANDERGROVE + * 2 N/A N/A $156,000 N/A 2.3% TOWNSVILLE CITY Median house and unit prices Solid performers over the quarter included Bushland Bush, which recorded a 3.8 per cent median house price increase to The median house price in Townsville decreased 2.9 per cent $416,000; and Condon, with a 6.5 per cent median price rise to to $369,000 over the March quarter. Preliminary sales numbers $334,000. were down about 25 per cent on the previous quarter. The median unit and townhouse price of units and According to local agents, the start of 2011 was slow for townhouses in Townsville increased 4.5 per cent to $313,500 the property market which was also the case in the first few over the March quarter. months of 2010. The unit median for the suburb of South Townsville jumped 75 While the region didn’t sustain any significant damage from per cent over the March quarter due to two apartment sales for Cyclone Yasi, psychologically it appears to have made people more than $650,000 in the new “Solarus” apartment building much more cautious about their spending across the board. – with sea views. One of the penthouse apartments in this As well as the cyclone, the region also had poor weather until complex is currently up for sale for $1.925 million about mid to late March, which meant people spent more time There were also two sales for a little under $600,000 in the at home and not out and about looking at properties for sale. Riviera Apartments, which also boast sea views, during the Since the March quarter, the market has improved but March quarter. confidence levels remain a concern. A drop in sales in the $250,000 to $350,000 bracket compared Agents report that some would-be buyers are nervous about to the December quarter also contributed to the increase their jobs and therefore are not confident to upgrade or buy a to the overall median unit price for the Townsville local new home, even if they have the ability to do so. government area over the period. Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 27 www.reiq.com.au
  • 28. QUEENSLAND MAR K ET MONITOR CONTENTS TOWNSVILLE CITY Overall, there continues to be oversupply of units on the MEDIAN SALES DATA market which is resulting in attractive prices and incentives to Suburb/ Number of Mar change 12 mths to change change Locality Sales Mar Qtr over the end of over over buy. Qtr 2011 2011 qtr” Mar 2011 1yr” 5yrs HOUSES Median land prices TOWNSVILLE CITY (LGA) 349 $369,000 -2.9% $372,500 0.7% 40.6% TOWNSVILLE CITY (LGA) ^ ~ 27 $385,000 -15.6% $435,000 0.6% 41.5% The sale of vacant land has dropped dramatically in the region AITKENVALE 15 $350,000 1.0% $343,750 2.5% 40.3% since about 2007/2008. While about 105 first home owner ALICE RIVER ^ ~ 7 $430,000 -9.5% $472,500 -0.5% 43.2% grants for new builds have been made in the Townsville ALLIGATOR CREEK ^ 2 N/A N/A $487,500 N/A 74.1% region since 1 June last year, building a new home as your first ANNANDALE 21 $460,000 -1.2% $465,000 1.9% 32.9% residence still remains out of the financial reach of most first- BOHLE PLAINS * 17 $450,000 2.3% $445,000 -2.2% N/A timers. BURDELL * 4 N/A N/A $415,000 9.4% 56.6% BUSHLAND BEACH ~ 21 $416,000 3.8% $408,890 -3.8% 19.7% Developers have also reportedly been finding it a challenge CONDON ~ 10 $334,000 6.5% $327,000 -0.9% 30.3% financially to develop land affordably due SALES head-works ROCKHAMPTON HOUSE to high CRANBROOK ~ 9 $315,000 -8.4% $325,000 -1.2% 41.3% charges. <$350,000 $350,000+ $500,000+ CURRAJONG ~ 4 N/A N/A $291,250 -9.8% 24.6% DEERAGUN ~ 8 $330,000 -4.5% $350,000 4.5% 79.5% The median price of125 MAR 11 vacant land in Townsville increased 4 per 69 21 DOUGLAS ~ 18 $411,000 -6.6% $420,000 3.7% 36.6% cent to $157,000 over the March quarter. GARBUTT 3 N/A N/A $305,250 N/A 38.8%27 Median rents DEC 10 142 59 18 GULLIVER 11 $312,000 N/A $300,500 0.2% 36.6% HOUSE PRICEPOINTS - SALES NUMBERS BY PRICE RANGE HEATLEY 6 N/A N/A $300,000 0.0% 33.3% 16 The median rent for a three-bedroom house increased $10 per SEP 10 162 62 22 HERMIT PARK ~ 7 $426,000 0.2% $372,500 -4.2% 38.6% week to $340 between March 2011 and March last year. The IDALIA ~ f 14 $565,000 18.4% $487,000 -1.3% 26.9% KELSO ^ ~ 5 $400,000 -21.2% $442,000 -2.9% 30.4% median rent for a two-bedroom unit increased $20 per week to KELSO ~ 25 $320,500 -15.7% $335,000 4.7% 59.1% $290 over the same period. KIRWAN * 52 $359,000 -0.3% $365,000 -3.9% 28.1% MACKAY HOUSE SALES Investors are starting to slowly makeLAND SALES Townsville TOOWOOMBA a SALES ROCKHAMPTON UNIT return to the <$350,000 $350,000+ $500,000+ MOUNT LOUISA 16 $407,500 ROCKHAMPTON LAND SALES -3.0% $409,500 4.1% 37.4%00+000+ market, but the region is perhaps not up as high up$500,000+list <$250,000 <$250,000 <$350,000 $250,000+ on the $350,000+ $350,000+ MOUNT LOW * <$250,000 3 N/A <$350,000 N/A $393,000 $350,000+ N/A N/A MUNDINGBURRA 5 N/A N/A $364,000 -2.9% 34.8% of potential investment hot-spots as it previously has been. MAR 11 59 147 49 RAILWAY ESTATE ~ 7 $319,000 -6.0% $340,000 0.4% 28.3% MAR 11 26 3 1 MAR 11 47 1 2 Given the very6flat market conditions on the Gold Coast MAR 11 8 3 0 RASMUSSEN 4 N/A N/A $291,250 -2.9% 31.0% and in flood-affected parts of Brisbane, local agents say, DEC 10 53 164 59 THURINGOWA CENTRAL ~ 6 N/A N/A $370,750 10.2% 51.3% 0 investors are currently seeking opportunities 1 73 DEC 10 0 -5.6% manyDEC 10 potential 10 16 9 2 VINCENT ~ 10 DEC 9 76 $289,000 2.1% 3 $284,000 29.1%9 further south. They are also eyeing148 resource-rich areas of SEP 10 77 the 54 WEST END ~ 10 $347,500 -6.1% $370,000 -2.6% 42.3%15 56 5 0 WULGURU ~ 13 $295,000 -11.1% $317,500 -1.7% 41.1% Gladstone SEP 10 and Mackay. SEP 10 19 7 11 4 SEP 10 70 3 0 UNITS & TOWNHOUSES TOWNSVILLE HOUSE SALES TOWNSVILLE CITY (LGA) * f 84 $313,500 4.5% $315,000 -1.6% 38.8% <$350,000 $350,000+ $500,000+ HERMIT PARK 5 N/A N/A $241,000 4.8% 42.9% FRASER COAST LAND SALES MACKAY UNIT SALES KIRWAN ~ MACKAY$268,500 SALES 8 LAND 3.3% $276,000 -7.1% 38.0%00+ 00+ <$250,000 <$250,000 <$350,000 $250,000+ $350,000+ $350,000+ $500,000+ NORTH WARD ~ f <$250,000 18 <$350,000 $382,500 10.1% $360,000$350,000+ 30.9% -2.0% MAR 11 145 162 42 SOUTH TOWNSVILLE * f 7 $590,000 73.5% $572,000 N/A 80.2% MAR 11 MAR 11 11 3220 8 1 1 2 TOWNSVILLE11 * f MAR CITY 20 1 48 $326,500 -18.4% $472,500 -7.4% 25.3% DEC 10 170 234 63 WEST END 5 N/A N/A $302,500 -6.9% 69.9% DEC 10 DEC 10 9 32 19 9 4 7 4 DEC 10 37 7 5 8 SEP 10 178 214 57 8 SEP 10 53 30 SEP 10 68 13 3 SEP 10 20 26 9 7 CAIRNS HOUSE SALES TOWNSVILLE UNIT SALES BUNDABERG LAND SALES <$350,000 $350,000+ $500,000+ TOWNSVILLE LAND SALES00+ <$250,000 $250,000+ $350,000+ $500,000+ <$250,000 <$350,000 $350,000+00+ <$250,000 <$350,000 $350,000+ MAR 11 113 106 48 MAR 11 26 29 19 10 MAR 11 41 3 2 MAR 11 26 0 1 DEC 10 148 139 55 DEC 10 26 44 18 17 DEC 10 55 6 2 DEC 10 40 10 SEP 10 166 165 55 SEP 10 22 31 21 11 SEP 10 55 4 2 SEP 10 44 02 Please see page 36 for legend and further notes CAIRNS UNIT SALES GLADSTONE LAND SALES Issue 10 - March Quarter 2011 page 28 CAIRNS LAND SALES www.reiq.com.au000+
  • 29. TOWNSVILLE CITY MEDIAN SALES DATA MEDIAN WEEKLY RENTS Suburb/ Number of Mar change 12 mths to change change Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Postcode Locality Sales Mar Qtr over the end of over over Localities Rent New Rent New Qtr 2011 2011 qtr” Mar 2011 1yr” 5yrs ($) Bonds ($) Bonds VACANT URBAN LAND 3 BEDROOM HOUSES continued TOWNSVILLE CITY (LGA) * 46 $157,000 4.0% $160,000 -1.2% 38.1% Thuringowa Region $330 320 $330 307 TOWNSVILLE CITY (LGA) ^ ~ 9 $206,500 N/A $233,000 13.7% 94.2% 4815 Condon/ Kelso/ Pinnacles/ Rasmussen/ etc. $320 117 $310 117 BOHLE PLAINS * 4 N/A N/A $170,000 1.6% 51.8% 4816 Balgal Beach/ Paluma/ Rollingstone/ etc. $280 11 $270 16 BURDELL * 1 N/A N/A $168,500 -6.1% 134.0% 4817 Alice River/ Kirwan/ Thuringowa Central/ etc. $350 126 $350 131 BUSHLAND BEACH 8 $153,500 2.3% $152,000 2.0% 44.8% 4818 Black River/ Bushland Bch/ Deeragun/ Mt Low/ etc. $330 66 $320 43 IDALIA * 3 N/A N/A $252,900 -2.7% 67.0% KELSO * 1 N/A N/A $149,400 4.5% 42.3% 2 BEDROOM FLATS/UNITS MOUNT LOUISA 4 N/A N/A $170,000 1.2% 31.2% TOWNSVILLE CITY COUNCIL AREA $290 779 $270 822 MOUNT LOW * 10 $153,000 5.5% $154,000 -3.1% N/A Townsville Region $290 724 $275 770 4810 Belgian Gardens/ Castle Hill/ Townsville City/ etc. $315 388 $300 421 TOOWOOMBA HOUSE SALES MEDIAN WEEKLY RENTS 4811 Cluden/ Idalia/ Oak Valley/ Stuart/ Wulguru/ etc. ROCKHAMPTON HOUSE SALES $340 46 $330 45 4812 Currajong/ Gulliver/ Mundingburra/ Rosslea/ etc. $255 203 $250 210$1m+ <$350,000 $350,000+ $500,000+ <$350,000 $350,000+ $500,000+ Suburbs/ Mar Qtr 2011 Mar Qtr 2010 4814 Aitkenvale/ Cranbrook/ Douglas/ Mt Louisa/ etc. $290 83 $260 84 Postcode Localities Rent New Rent New 4819 Horseshoe Bay/ Nelly Bay/ Picnic Bay/ etc. n.a. 4 $210 103 MAR 11 236 ($) Bonds 74($) 22Bonds MAR 11 125 69 $260 21 55 Thuringowa Region $265 52 3 BEDROOM HOUSES 4815 Condon/ Kelso/ Pinnacles/ Rasmussen/ etc. $230 14 $250 12 147 TOWNSVILLE CITY COUNCIL AREA 230 DEC 10 $340 743 110 $330 27 693 142 4817DEC 10 River/ Kirwan/ Thuringowa Central/ etc. Alice 59 $275 18 37 $270 34 HOUSE PRICEPOINTS - SALES NUMBERS BY PRICE RANGE Townsville Region $340 423 $330 386 124 4810 BelgianSEP 10 Gardens/ Castle Hill/ Townsville City/ etc. 266 $370 63 $350 97 55 16 2 BEDROOM TOWNHOUSES SEP 10 162 62 22 4811 Cluden/ Idalia/ Oak Valley/ Stuart/ Wulguru/ etc. $320 34 $340 31 TOWNSVILLE CITY COUNCIL AREA $285 59 $285 65 4812 Currajong/ Gulliver/ Mundingburra/ Rosslea/ etc. $350 71 $321 72 Townsville Region $285 56 $285 61 4814 Aitkenvale/ Cranbrook/ Douglas/ Mt Louisa/ etc. $340 243 $330 216 4810 Belgian Gardens/ Castle Hill/ Townsville City/ etc. $300 26 $290 14 4819 Horseshoe Bay/ Nelly Bay/ Picnic Bay/ etc. $300 12 $265 12 4812 Currajong/ Gulliver/ Mundingburra/ Rosslea/ etc. $280 21 $270 27ES FRASER COAST HOUSE SALES MACKAY HOUSE SALES 4814 Aitkenvale/ Cranbrook/ Douglas/ Mt Louisa/ etc. $280 8 $305 18$1m+ <$350,000 $350,000+ $500,000+ <$350,000 $350,000+ $500,000+ Thuringowa Region n.a. 3 n.a. 4 MAR 11 129 31 1 MAR 11 59 147 49 20 CAIRNS REGIONAL 147 DEC 10 40 7 DEC 10 53 164 59 328 Median SEP 10 16 house and unit prices 156 51 9 Conversely, the unit and townhouse market reported a SEP 10 77 148 54 decrease in its median price to $230,500, as well as a drop The median house price in Cairns increased 1.7 per cent over of almost 50 per cent in the numbers of preliminary sales the quarter to $367,000 although demand continued to ease compared to the December quarter. with preliminary sales numbers down about 22 per cent BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALES $1m+ compared to the previous quarter. $350,000+ Earlville, a stand-out suburb in the region for units and <$350,000 $350,000+ $500,000+ <$350,000 $500,000+ townhouses, recorded 45 sales for the year ending March 2011 The easing of sales activity however was to be expected - up from only 13 145 previous year. The increase was assisted the 36 MAR 11 162 42 MAR 11 132 given the effects of Cyclone Yasi in February which in7turn 32 by the new unit development Cairns Pavilions on Ishmael Road – according to agents in the area - lowered the residential (not far from the racecourse) selling well. 37 vacancy rate slightly. DEC 10 154 39 9 DEC 10 170 234 63 This complex has been popular with both owner-occupiers In terms of preliminary sales numbers, Edmonton was the and investors, with 178 and three bedroom units selling for two 49 181 42 8 SEP 10 214 57 star performer10 the region. It was one of just four localities SEP for between $250,000 and $300,000. reported on to record an increase in preliminary sales over the period, as well as posting an increase of 10.8 per cent to its median house price.ES GLADSTONE HOUSE SALES CAIRNS HOUSE SALES$1m+ Agents in the region are also reporting a slow trickle of <$350,000 $350,000+ $500,000+ <$350,000 $350,000+ $500,000+ investors back into the market. Redlynch, an area predominately known for its acreage living, MAR 11 27 136 42 MAR 11 113 106 48 15 was the only suburb in Cairns that posted positive growth without theDEC 10 median house price being affected by varying 61 130 30 DEC 10 148 139 55 factors. The suburb recorded a 3.2 per cent median price 26 increase for SEP 10 quarter to $402,500, which can partly be the SEP 10 166 165 55 44 90 27 attributed to the new properties at the Redlynch Valley Estate. Please see page 36 for legend and further notes Issue 10 - March Quarter 2011 page 29 www.reiq.com.au
  • 30. QUEENSLAND MAR K ET MONITOR ROCKHAMPTON UNIT SALES00+ CONTENTS CAIRNS REGIONAL <$250,000 $250,000+ $350,000+ $500,000+ MAR 11 6 8 3 0 Median land prices MEDIAN SALES DATA Suburb/ Number of Mar change 12 mths to change change Agents in the area reported a 16 sluggish9land 2 DEC 10 10 fairly market in Locality Sales Mar Qtr over the end of over over Cairns for the first quarter of the year with preliminary sales Qtr 2011 2011 qtr” Mar 2011 1yr” 5yrs numbers falling dramatically, down 33 per cent on the previous SEP 10 19 7 11 4 HOUSES quarter. The median price of vacant urban land in Cairns CAIRNS (LGA) 267 $367,000 1.7% $365,000 0.0% 25.9% dropped 1.9 per cent to $179,000 over the March quarter. CAIRNS (LGA) ^ ~ 9 N/A N/A $622,500 10.4% 34.8% BAYVIEW HEIGHTS ~ 3 N/A N/A $340,000 -6.1% 21.4% Agents are also reporting that a larger number of land buyers BENTLEY PARK ~ 15 $327,000 2.2% $324,000 -3.1% 24.1% MACKAY UNIT SALES are in fact first home buyers. Another segment of the market BRINSMEAD 17 $408,000 -1.7% $404,500 -0.1% 19.3%00+ <$250,000 $250,000+ $350,000+ $500,000+ being home owners wanting to purchase land after they have CLIFTON BEACH ~ 6 N/A N/A $465,000 -4.1% 17.7% sold their current home. ROCKHAMPTON LAND SALES EARLVILLE ~ 4 N/A N/A $302,000 -12.5% 7.9% MAR 1111 20 8 2 EDGE HILL ~ 12 $433,000 -19.8% $450,000 5.3% 23.3% <$250,000 <$350,000 $350,000+ Edmonton was also a strong performer for land sales with the EDMONTON ~ * 36 $317,000 10.8% $315,000 -6.0% 26.8% highest number of preliminary sales9compared to any other 9 4 FRESHWATER 4 N/A N/A $490,000 8.9% 25.6% MAR 11 10 47 19 DEC 1 2 suburb in the region over the March quarter. The median price GORDONVALE ~ 4 N/A N/A $273,500 -10.0% 18.9% for vacant urban land in Edmonton is $142,000. HOLLOWAYS BEACH ~ * 2 N/A N/A $350,000 -8.5% 18.6%1 0 DEC 10 10 SEP 20 76 26 3 09 7 KANIMBLA ~ 5 N/A N/A $431,250 -6.7% 16.9% Median rents KEWARRA BEACH ~ f MANOORA 16 3 $425,000 N/A 13.8% N/A $396,000 $295,000 -3.4% -0.8% 29.8% 34.1% SEP 10 70 3 0 The median rentTOWNSVILLE UNIT SALES increased $10 per for a three-bedroom house MANUNDA ~ 5 N/A N/A $294,750 -9.6% 23.2% MOOROOBOOL ~ 12 $357,500 -5.9% $345,000 1.5% 30.2%00+ week to $310<$250,000 March 2011 and March this year. The between $250,000+ $350,000+ $500,000+ MOUNT SHERIDAN ~ 22 $357,000 12.4% $341,500 0.7% 22.6% median rent for a two-bedroom unit remained unchanged at PARRAMATTA PARK ~ 3 N/A N/A $376,500 -8.7% 17.1% $250MAR 11 the same period.LAND SALES over MACKAY 29 26 19 10 PORT DOUGLAS ~ f 7 $630,000 N/A $570,000 19.4% 15.2% Suburbs with<$250,000 <$350,000 $350,000+ the postcode 4879 (Buchan Point, Clifton Beach, REDLYNCH 14 $402,500 3.2% $406,000 -2.2% 16.0% EllisMAR 1110 Kewarra Beach, Palm Cove, Trinity 18 Beach, Beach and Trinity SMITHFIELD ~ 9 $320,000 -11.1% $360,000 -5.0% 33.5% DEC 2026 41 44 17 TRINITY BEACH ~ 13 $370,000 -3.3% $375,000 -5.1% 21.0% Park) recorded a higher-than-average rent at $260 per week. TRINITY PARK + 14 $370,000 -0.8% $385,000 2.7% 37.5% The DEC 1010 rental survey has shown 5 tightening of rentals in REIQ’s SEP 22 37 31 7 a 21 11 WHITE ROCK 2 N/A N/A $275,500 -2.5% 21.1% the Cairns area, with vacancy rates sitting at 3.8 per cent over WHITFIELD ~ 8 $410,000 -17.2% $450,000 0.0% 37.2% 0 the March quarter. SEP 10 68 13 3 WOREE ~ 5 N/A N/A $292,500 -8.7% 19.4% UNITS & TOWNHOUSES CAIRNS UNIT SALES CAIRNS (LGA) - * f 116 $230,500 -1.1% $265,000 0.8% 34.0%000+ <$250,000 $250,000+ $350,000+ $500,000+ CAIRNS CITY * f 9 $550,000 12.2% $490,000 11.4% 49.4% TOWNSVILLE LAND SALES CAIRNS NORTH * 11 $295,000 -0.5% $285,500 -3.2% 21.5% <$250,000 <$350,000 $350,000+ CLIFTON BEACH * f 3 N/A N/A $285,000 -6.6% 18.8% MAR 11 66 30 10 10 EARLVILLE * 6 N/A N/A $262,000 N/A 86.5% MAR 11 41 3 2 EDGE HILL ~ * 4 N/A N/A $226,000 16.2% 61.4% DEC 10 124 46 24 25 MANOORA ~ 6 N/A N/A $165,000 -16.7% 10.0% MANUNDA * 8 $161,500 -5.0% $180,000 -7.7% 33.3% DEC 10 55 6 2 MOOROOBOOL * 7 $210,000 N/A $215,000 -6.8% 34.0% SEP 10 119 56 32 21 PALM COVE ~ * f 8 $310,000 10.7% $340,000 -6.8% -15.0% SEP 10 55 4 2 PARRAMATTA PARK ~ 3 N/A N/A $255,000 -0.6% 21.4% PORT DOUGLAS * f 6 N/A N/A $300,000 -3.2% 53.8% TRINITY BEACH * f 9 $320,000 25.5% $280,500 -5.9% 27.5% YORKEYS KNOB * f 2 N/A N/A $232,500 13.4% 25.7% CAIRNS LAND SALES VACANT URBAN LAND <$250,000 <$350,000 $350,000+ CAIRNS (LGA) 35 $179,000 -1.9% $172,500 1.5% 56.8% CAIRNS (LGA) ^ ~ 9 N/A N/A $231,000 -2.1% 88.6% MAR 11 31 3 1 BENTLEY PARK * 0 N/A N/A $141,000 -3.1% 59.9% EDMONTON 7 $142,000 N/A $142,000 13.6% 70.5% GORDONVALE * 1 N/A N/A $123,500 -1.2% 21.1% 1 DEC 10 45 2 5 REDLYNCH 3 N/A N/A $175,000 1.4% 28.7% SMITHFIELD ~ * 2 N/A N/A $175,000 -17.8% N/A TRINITY BEACH ~ * 3 N/A N/A $168,500 -5.9% N/A SEP 10 53 6 8 TRINITY PARK + * f 4 N/A N/A $191,500 13.3% -18.4% Please see page 36 for legend and further notes Issue 10 - March Quarter 2011 page 30 www.reiq.com.au
  • 31. CAIRNS REGIONAL MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Postcode Postcode Localities Rent New Rent New Localities Rent New Rent New ($) Bonds ($) Bonds ($) Bonds ($) Bonds 3 BEDROOM HOUSES 2 BEDROOM FLATS/UNITS continued CAIRNS REGIONAL COUNCIL AREA $310 551 $300 495 4870 Cairns & suburbs of Cairns $250 680 $250 620 Cairns Region $310 523 $300 454 4878 Caravonica/ Holloways Beach/ Machans Bch/ etc. $250 89 $250 102 4861 Babinda/ Bartle Frere $250 5 n.a. 3 4879 Clifton Beach/ Kewarra Beach/ Palm Cove/ etc. $260 150 $250 137 4865 Goldsborough/ Gordonvale/ Green Hill/ etc. $300 17 $280 13 Douglas Region $240 73 $250 72 4868 Bayview Heights/ Mount Sheridan/ White Rock/ etc. $300 95 $300 79 4873 Mossman/ Cooya Beach/ Cow Bay/ Miallo/ etc $180 14 $180 11 4869 Bentley Park/ Edmonton/ Mt Peter/ etc. $280 64 $290 74 4877 Port Douglas/ Craiglie/ Mowbray/ Oak Beach $255 59 $260 61 4870 Cairns & suburbs of Cairns $325 187 $310 157 4878 Caravonica/ Holloways Beach/ Machans Bch/ etc. $320 64 $320 57 3 BEDROOM TOWNHOUSES 4879 Clifton Beach/ Kewarra Beach/ Palm Cove/ etc. $340 91 $330 71 CAIRNS REGIONAL COUNCIL AREA $230 134 $230 116 Douglas Region $300 28 $300 41 Cairns Region $230 118 $230 113 4873 Mossman/ Cooya Beach/ Cow Bay/ Miallo/ etc $260 16 $280 28 4868 Bayview Heights/ Mount Sheridan/ White Rock/ etc. $215 12 $210 12 4877 Port Douglas/ Craiglie/ Mowbray/ Oak Beach $350 12 $390 13 4869 Bentley Park/ Edmonton/ Mt Peter/ etc. $200 17 $200 13 4870 Cairns & suburbs of Cairns $240 53 $230 44 2 BEDROOM FLATS/UNITS 4878 Caravonica/ Holloways Beach/ Machans Bch/ etc. $230 21 $230 28 CAIRNS REGIONAL COUNCIL AREA $250 1,089 $250 1,041 4879 Clifton Beach/ Kewarra Beach/ Palm Cove/ etc. $270 14 $250 15 Cairns Region $250 1,016 $250 969 Douglas Region $250 16 n.a. 3 4868 Bayview Heights/ Mount Sheridan/ White Rock/ etc. $230 79 $230 84 4877 Port Douglas/ Craiglie/ Mowbray/ Oak Beach $250 15 n.a. 3 4869 Bentley Park/ Edmonton/ Mt Peter/ etc. $210 14 $200 20 OTHER REGIONAL AREAS Median house and unit prices Median rents The Western Queensland and Western Downs regions Rents in the majority of regional areas held relatively steady produced strong results over the March quarter, mainly over the March quarter. Demand for rental properties in mining attributable to the further development of coal seam gas areas, however, it continuing to drive up rents. The median rent mining in these areas. for a three-bedroom house in Mt Isa increased $30 per week The Maranoa regional council area recorded a median house to $470 between March 2011 and March last year. The median price increase of 29.1 per cent to $362,000 over the period. The rent for a house in the Isaac regional council area jumped $250 region around Roma is said to be one of the richest for coal per week to $750 over the same period due to new mining seam gas exploration in the country which is driving property activity in the Dysart and Moranbah regions. prices upwards as demand for housing intensifies. The Western Downs regional council area recorded a median MEDIAN SALES DATA house price increase of 7.7 per cent to $275,000 over the Suburb/ Number of Mar change 12 mths to change change Locality Sales Mar Qtr over the end of over over quarter. The region sits inside the growing Surat Basin Energy Qtr 2011 2011 qtr Mar 2011 1yr 5yrs Province which is being touted as the next boom resources HOUSES area for the years ahead. BALONNE (LGA) 4 N/A N/A $165,000 10.0% 22.2% ST GEORGE 4 N/A N/A $216,750 22.1% 53.7% Median land prices BANANA (LGA) 23 $305,000 9.9% $265,000 0.0% 57.5% The sale of vacant residential land under 2,400m² took a BILOELA ~ 19 $310,000 10.7% $281,000 -1.4% 42.6% tumble during the March quarter with very few sales recorded across Queensland’s other regional areas. BARCALDINE (LGA) ~ 3 N/A N/A $157,500 -6.5% 238.7% While the sale of residential land is usually not as prevalent BLACKALL TAMBO (LGA) 2 N/A N/A $132,500 N/A 171.8% as acreage land given the rural and remote locations of these regional areas, there was a marked decrease in sales over the BURDEKIN (LGA) ~ 18 $257,500 12.0% $250,000 10.1% 81.2% period. BURDEKIN (LGA) ^ 4 N/A N/A $335,000 N/A 59.5% AYR 12 $284,500 2.0% $255,000 6.3% 66.7% Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 31 www.reiq.com.au
  • 32. QUEENSLAND MAR K ET MONITORCONTENTS OTHER REGIONAL AREAS 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 2011 2011 qtr Mar 2011 1yr 5yrs Qtr 2011 2011 qtr Mar 2011 1yr 5yrs HOUSES HOUSES continued CASSOWARY COAST (LGA) ~ 9 N/A N/A $260,000 -1.1% 48.6% NORTH BURNETT (LGA) ~ 13 N/A N/A $160,000 -4.5% 39.7% CASSOWARY COAST (LGA) ^ ~ 5 N/A N/A $347,500 -2.1% 36.3% NORTH BURNETT (LGA) ^ 4 N/A N/A $181,250 N/A 19.8% GAYNDAH ~ 5 N/A N/A $167,000 -15.2% 19.3% CENTRAL HIGHLANDS (LGA) 73 $365,000 -1.4% $355,000 2.9% 38.1% CENTRAL HIGHLANDS (LGA) ^ 9 N/A N/A $477,500 52.8% 40.4% SCENIC RIM (LGA) 28 $405,000 8.0% $381,500 6.0% 36.3% BLACKWATER ~ 14 $355,000 10.9% $325,250 14.1% 54.9% SCENIC RIM (LGA) ^ ~ 24 $447,500 -2.2% $471,250 -1.8% 27.4% EMERALD 51 $395,000 3.9% $377,000 -0.3% 22.3% BEAUDESERT ~ 5 N/A N/A $340,250 10.5% 47.9% EMERALD ^ 5 $583,000 3.5% $552,250 1.8% 29.6% KOORALBYN ^ ~ 3 N/A N/A $320,000 -5.6% 31.4% TAMBORINE ^ 1 N/A N/A $595,000 5.5% 54.5% CHARTERS TOWERS (LGA) ~ 13 N/A N/A $205,000 -3.3% 79.8% TAMBORINE MOUNTAIN ~ 17 $420,000 -6.8% $447,000 1.6% N/A CHARTERS TOWERS (LGA) ^ ~ 8 N/A N/A $372,500 -5.7% 96.1% TAMBORINE MOUNTAIN ^ 7 $585,000 N/A $755,000 0.3% N/A LISSNER 5 N/A N/A $200,000 1.0% 81.8% SOMERSET (LGA) ~ 11 N/A N/A $262,500 -5.6% 54.4% GOONDIWINDI (LGA) ~ 10 N/A N/A $232,500 -5.9% 27.7% SOMERSET (LGA) ^ 14 N/A N/A $370,000 -1.0% 37.5% GOONDIWINDI ~ 3 N/A N/A $260,000 -16.1% 20.9% FERNVALE ^ 7 $385,000 N/A $375,000 N/A 47.1% LOWOOD ~ * 4 N/A N/A $249,500 -8.1% 46.8% GYMPIE (LGA) ~ 57 $245,000 -10.3% $280,000 -3.4% 27.3% LOWOOD ^ 2 N/A N/A $355,000 4.4% 41.4% GYMPIE (LGA) ^ ~ 26 $345,000 -2.6% $357,000 -4.8% 27.5% COOLOOLA COVE ~ 3 N/A N/A $300,000 -4.8% 25.8% SOUTH BURNETT (LGA) ~ 24 $222,500 17.4% $225,000 -4.3% 34.7% CURRA ^ 3 N/A N/A $313,500 6.3% 56.8% SOUTH BURNETT (LGA) ^ 23 $350,000 12.9% $310,000 10.3% 53.5% GYMPIE ~ 35 $235,000 -4.1% $252,000 -5.6% 20.0% KINGAROY 14 $234,000 4.0% $259,500 -2.1% 35.2% SOUTHSIDE ~ 4 N/A N/A $322,000 -3.9% 28.8% KINGAROY ^ 6 $412,250 N/A $402,250 3.1% 33.2% THE PALMS ^ 2 N/A N/A $360,000 N/A 42.9% MURGON 4 N/A N/A $170,000 0.0% 30.8% TIN CAN BAY ~ 6 N/A N/A $350,000 15.9% 20.7% NANANGO 3 N/A N/A $215,000 -2.3% 36.9% HINCHINBROOK (LGA) ~ 3 N/A N/A $249,500 -4.0% 70.9% SOUTHERN DOWNS (LGA) 57 $255,000 -0.8% $245,000 4.3% 38.2% INGHAM 3 N/A N/A $237,500 -1.0% 83.4% SOUTHERN DOWNS (LGA) ^ 18 $337,500 -0.7% $335,000 0.0% 36.7% STANTHORPE ~ 8 $260,000 16.3% $250,000 7.1% 39.7% ISAAC (LGA) 41 $420,000 -2.3% $430,000 7.5% 53.6% WARWICK 39 $255,000 -1.9% $245,000 -2.0% 32.4% CLERMONT ~ 6 N/A N/A $255,000 -12.8% 86.1% DYSART 8 $439,000 2.1% $430,000 3.6% 109.2% TABLELANDS (LGA) 40 $295,250 -3.2% $296,250 2.2% 56.3% MORANBAH 24 $435,000 -3.9% $461,500 6.1% 51.3% TABLELANDS (LGA) ^ ~ 26 $338,750 -7.8% $410,000 2.5% 40.9% ATHERTON ~ 14 $332,500 16.7% $320,000 -3.0% 41.3% LOCKYER VALLEY (LGA) 14 N/A N/A $275,000 1.9% 48.6% KURANDA ^ ~ 5 $475,000 14.5% $425,000 -12.6% 32.5% LOCKYER VALLEY (LGA) ^ ~ 37 $330,000 -4.3% $345,000 1.5% 38.6% MAREEBA 10 $297,500 -2.5% $279,000 -2.1% 63.2% GATTON 7 $345,000 29.7% $288,750 2.2% 45.8% KENSINGTON GROVE ^ ~ 3 N/A N/A $348,750 -6.1% N/A WEIPA (LGA) 7 N/A N/A $397,500 15.2% 80.3% LAIDLEY 3 N/A N/A $262,500 8.9% 50.0% LAIDLEY HEIGHTS ^ ~ 3 N/A N/A $342,000 10.3% 44.2% WESTERN DOWNS (LGA) ~ 32 $275,000 7.7% $266,500 4.5% 64.0% REGENCY DOWNS ^ 3 N/A N/A $325,000 -3.0% 43.6% WESTERN DOWNS (LGA) ^ 4 N/A N/A $357,500 11.7% 123.4% CHINCHILLA 10 $309,000 -3.4% $292,500 -0.1% 63.4% LONGREACH (LGA) 7 N/A N/A $230,000 -1.1% 76.9% DALBY ~ 14 $272,500 13.8% $265,000 -4.7% 53.2% LONGREACH 6 N/A N/A $240,000 -2.0% 81.8% DALBY ^ ~ 2 N/A N/A $392,500 -10.6% 34.6% MARANOA (LGA) 18 $362,500 29.1% $280,000 10.2% 100.0% WHITSUNDAY (LGA) ~ 32 $353,250 -8.2% $369,500 -5.3% 44.6% ROMA 14 $372,000 28.7% $290,000 7.4% 87.1% WHITSUNDAY (LGA) ^ 5 N/A N/A $477,500 0.9% 38.4% BOWEN ~ 7 $360,000 -7.0% $365,000 4.3% 63.7% MOUNT ISA (LGA) 43 $355,000 1.4% $350,000 6.1% 97.7% CANNONVALE ~ 7 $380,000 -13.3% $438,500 -3.1% 9.6% HEALY ~ 7 $370,000 -16.9% $407,000 8.0% 88.9% COLLINSVILLE * 6 N/A N/A $185,000 N/A 131.3% MORNINGTON 4 N/A N/A $335,000 11.7% 97.1% JUBILEE POCKET 7 $390,000 N/A $413,500 -2.9% 11.8% SOLDIERS HILL 4 N/A N/A $330,000 2.2% 88.6% PROSERPINE ~ 4 N/A N/A $306,000 -11.7% 24.9% SUNSET 5 N/A N/A $346,000 3.7% 87.0% TOWNVIEW 5 N/A N/A $357,500 8.3% 97.5% MURWEH (LGA) ~ 9 N/A N/A $130,000 -7.1% 62.5% CHARLEVILLE 6 N/A N/A $140,000 -2.1% 55.6% Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 32 www.reiq.com.au
  • 33. OTHER REGIONAL AREAS 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 2011 2011 qtr Mar 2011 1yr 5yrs Qtr 2011 2011 qtr Mar 2011 1yr 5yrs UNITS & TOWNHOUSES VACANT URBAN LAND continued CENTRAL HIGHLANDS (LGA) 7 N/A N/A $307,500 11.8% 43.0% SOUTH BURNETT (LGA) ~ * 10 N/A N/A $80,000 -9.1% 111.9% EMERALD 7 N/A N/A $307,500 11.8% 42.2% SOUTH BURNETT (LGA) ^ ~ 14 N/A N/A $98,000 -2.0% 78.2% KINGAROY * 4 N/A N/A $110,000 0.0% 54.6% WESTERN DOWNS (LGA) 4 N/A N/A $292,500 2.6% 82.8% SOUTHERN DOWNS (LGA) 14 N/A N/A $90,000 0.1% 53.8% WHITSUNDAY (LGA) 16 $272,500 -10.7% $345,000 1.3% 9.8% SOUTHERN DOWNS (LGA) ^ 17 $90,000 N/A $138,500 -7.7% 45.8% CANNONVALE 7 $275,000 -6.0% $345,000 9.9% 20.6% ROSENTHAL HEIGHTS * 0 N/A N/A $91,250 N/A N/A WARWICK 5 $95,000 N/A $98,250 5.8% 62.1% VACANT URBAN LAND TABLELANDS (LGA) ~ 8 N/A N/A $104,250 -9.3% 51.1% BANANA (LGA) ~ 9 N/A N/A $130,000 -3.0% 100.0% TABLELANDS (LGA) ^ ~ 16 $179,250 6.1% $185,000 1.9% 60.9% BILOELA 9 N/A N/A $130,000 6.6% 71.1% ATHERTON 2 N/A N/A $118,000 -5.6% 47.5% KURANDA ^ 7 $124,000 N/A $175,000 -11.6% 40.0% BARCALDINE (LGA) 0 N/A N/A $110,000 N/A N/A MAREEBA 2 N/A N/A $99,000 4.2% 45.6% BURDEKIN (LGA) * 2 N/A N/A $150,000 N/A 206.1% WESTERN DOWNS (LGA) ~ * 7 N/A N/A $120,000 12.1% 118.2% AYR * 2 N/A N/A $155,850 N/A 94.8% WESTERN DOWNS (LGA) ^ ~ 13 N/A N/A $99,500 9.3% 197.0% CHINCHILLA * 2 N/A N/A $115,000 16.8% 93.6% CASSOWARY COAST (LGA) ~ * 5 N/A N/A $140,000 7.7% 47.4% CHINCHILLA ^ ~ * 1 N/A N/A $140,000 40.0% 74.4% CASSOWARY COAST (LGA) ^ ~ 1 N/A N/A $175,000 18.6% 84.2% DALBY ^ * 3 N/A N/A $110,000 2.8% 69.2% TARA ^ 4 N/A N/A $43,000 6.2% 92.4% CENTRAL HIGHLANDS (LGA) * 6 N/A N/A $136,500 13.8% 39.3% CENTRAL HIGHLANDS (LGA) ^ ~ *2 N/A N/A $200,000 -12.1% 14.3% WHITSUNDAY (LGA) 8 N/A N/A $165,000 6.5% 30.7% BLACKWATER * 1 N/A N/A $126,000 32.6% 173.9% WHITSUNDAY (LGA) ^ ~ 1 N/A N/A $240,000 -3.6% 40.1% EMERALD * G 3 N/A N/A $140,000 10.7% 24.7% BOWEN ~ * 3 N/A N/A $168,250 12.2% 46.3% EMERALD ^ ~ * 1 N/A N/A $239,750 N/A 14.2% CANNONVALE * 2 N/A N/A $139,000 -13.1% -38.2% CHARTERS TOWERS (LGA) ^ 3 N/A N/A $158,750 8.7% 229.0% GYMPIE (LGA) 9 N/A N/A $125,000 0.8% 38.9% MEDIAN WEEKLY RENTS GYMPIE (LGA) ^ ~ * 16 $117,500 -24.2% $137,500 -3.2% 14.6% Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Postcode CURRA ^ ~ * 5 $89,000 N/A $109,000 -5.2% 39.7% Localities Rent New Rent New ($) Bonds ($) Bonds GYMPIE * 1 N/A N/A $130,000 18.2% 51.2% 3 BEDROOM HOUSES HINCHINBROOK (LGA) 1 N/A N/A $95,000 1.9% 46.2% CASSOWARY COAST REGIONAL $280 107 $265 94 4849 Cardwell/ Hinchinbrook/ etc. $300 11 $230 6 ISAAC (LGA) * 10 N/A N/A $156,000 30.0% 290.0% 4852 Mission Beach/ Wongaling Beach/ etc. $320 22 $300 14 MORANBAH * 7 $156,000 N/A $190,000 58.3% 503.2% 4854 Bulgun/ Silky Oak/ Tully/ etc. $300 17 $280 9 4856 Goolboo / Silkwood $220 7 n.a. 1 LOCKYER VALLEY (LGA) 6 N/A N/A $125,000 0.8% 56.3% 4860 East Innisfail/ Innisfail/ Jubilee Heights/ etc. $260 43 $255 56 LOCKYER VALLEY (LGA) ^ 21 $147,500 1.7% $148,250 5.9% 69.4% LAIDLEY 1 N/A N/A $125,000 5.0% N/A CENTRAL HIGHLANDS REGIONAL $410 93 $390 112 LAIDLEY NORTH 4 N/A N/A $129,000 N/A N/A 4717 Blackwater $700 20 $400 26 REGENCY DOWNS ^ * 2 N/A N/A $155,750 11.6% 94.7% 4720 Emerald/ Yamala $395 60 $390 74 4722 Buckland/ Springsure/ etc. $260 8 $280 6 MARANOA (LGA) * 3 N/A N/A $118,500 149.5% 137.0% ROMA * 3 N/A N/A $120,000 N/A 122.2% GYMPIE REGIONAL $250 205 $250 221 4570 Gympie/ Curra/ Imbil/ Monkland/ Southside/ etc. $250 150 $250 184 MURWEH (LGA) ^ * 2 N/A N/A $87,000 N/A N/A 4580 Cooloola/ Tin Can Bay $260 37 $245 23 CHARLEVILLE ^ * 2 N/A N/A $86,750 N/A N/A 4581 Rainbow Beach/ Inskip $260 6 $300 5 4600-1 Kilkivan region $210 12 $200 9 SCENIC RIM (LGA) 3 N/A N/A $194,500 8.1% 67.7% SCENIC RIM (LGA) ^ ~ * 15 $229,000 N/A $191,250 -15.0% 16.1% ISAAC REGIONAL $750 115 $500 145 BEAUDESERT 1 N/A N/A $201,250 4.3% 73.5% 4721 Belyando/ Clermont/ etc. $375 8 $330 8 4742 Burton/ Nebo/ Oxford/ etc. $400 6 n.a. 3 SOMERSET (LGA) 6 N/A N/A $129,000 -0.8% 63.8% 4744 Moranbah $800 81 $550 110 SOMERSET (LGA) ^ * 4 N/A N/A $183,000 -18.5% 33.1% 4745 Dysart $1,200 17 $750 21 FERNVALE 2 N/A N/A $140,000 3.9% N/A LOWOOD * G 1 N/A N/A $125,000 0.0% 58.1% Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 33 www.reiq.com.au
  • 34. QUEENSLAND MAR K ET MONITORCONTENTS OTHER REGIONAL AREAS MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Postcode Postcode Localities Rent New Rent New Localities Rent New Rent New ($) Bonds ($) Bonds ($) Bonds ($) Bonds 3 BEDROOM HOUSES continued 3 BEDROOM HOUSES continued LOCKYER VALLEY REGIONAL $260 108 $260 113 BALONNE SHIRE $220 28 $220 20 4341 Hatton Vale/ Laidley/ Regency Downs/ etc. $250 48 $260 49 BANANA SHIRE $260 61 $270 37 4342 Forest Hill/ Glenore Grove/ Lockrose/ etc. $280 5 $245 12 BURDEKIN SHIRE $260 53 $230 70 4343 Adare/ Gatton/ Woodlands/ etc. $260 50 $260 48 CHARTERS TOWERS REGIONAL $260 48 $235 34 COOK SHIRE $280 41 $275 37 SCENIC RIM REGIONAL $300 123 $310 120 GOONDIWINDI REGIONAL $240 36 $250 29 4270 Tamborine $400 7 $360 10 HINCHINBROOK SHIRE $230 25 $240 36 4271 Eagle Heights $325 12 $350 21 LONGREACH REGIONAL $250 18 $250 13 4272 Tamborine Mountain $350 14 $380 9 MARANOA REGIONAL $330 54 $300 71 4275 Biddaddaba/ Boyland/ Canungra/ etc. $370 7 $360 9 MOUNT ISA CITY $470 79 $440 70 4285 Beaudesert/ Cedar Vale/ Kooralbyn/ etc. $300 55 $300 43 MURWEH SHIRE $210 19 $200 8 4309 Aratula/ Kalbar $240 9 n.a. 4 NORTH BURNETT REGIONAL $200 36 $175 25 4310 Boonah/ Duganden/ Mt Alford $250 14 $235 18 SOMERSET REGIONAL $270 63 $250 48 2 BEDROOM FLATS/UNITS 4311 Clarendon/ Coominya/ Lowood/ etc. $265 20 $250 16 CASSOWARY COAST REGIONAL $215 81 $205 79 4312 Esk/ Eskdale/ Caboonbah/ etc. $235 11 $225 10 4849 Cardwell/ Hinchinbrook/ etc. $200 6 $215 8 4313 Toogoolawah/ Cressbrook/ Ottaba/ etc. $200 7 $220 9 4852 Mission Beach/ Wongaling Beach/ etc. $265 22 $250 21 4515 Kilcoy/ Glenfern/ Sandy Creek/ etc. $290 25 $280 13 4854 Bulgun/ Silky Oak/ Tully/ etc. $240 13 $220 11 4860 East Innisfail/ Innisfail/ Jubilee Heights/ etc. $190 37 $190 36 SOUTH BURNETT REGIONAL $230 159 $220 171 4605 Cherbourg/ Murgon/ Oakdale/ etc. $195 18 $180 23 GYMPIE REGIONAL $190 59 $190 56 4606 Fairdale/ Greenview/ Wondai/ etc. $210 17 $200 14 4570 Gympie/ Curra/ Imbil/ Monkland/ Southside/ etc. $190 46 $190 33 4610 Kingaroy/ Memerambi/ Wattle Grove/ etc. $250 68 $245 91 4580 Cooloola/ Tin Can Bay $195 5 n.a. 2 4615 Nanango/ Brooklands/ Tarong/ etc. $220 48 $200 37 4581 Rainbow Beach/ Inskip $220 7 $200 18 SOUTHERN DOWNS REGIONAL $230 149 $230 161 SOUTH BURNETT REGIONAL $180 65 $180 77 4370 Rosenthal Heights/ Mount Colliery/ Warwick/ etc. $245 84 $240 99 4605 Cherbourg/ Murgon/ Oakdale/ etc. $150 5 n.a. 4 4380 Stanthorpe/ Amiens/ etc. $225 37 $240 36 4610 Kingaroy/ Memerambi/ Wattle Grove/ etc. $195 49 $185 58 4381 Glen Aplin $190 5 n.a. 2 4615 Nanango/ Brooklands/ Tarong/ etc. $150 8 $150 11 TABLELANDS REGIONAL $270 176 $270 137 SOUTHERN DOWNS REGIONAL $190 51 $170 62 4872 Dimbulah/ Kairi/ Mt Garnett/ Tinaroo/ Walkamin $260 8 n.a. 4 4370 Rosenthal Heights/ Mount Colliery/ Warwick/ etc. $200 36 $180 37 4880 Mareeba/ Biboohra $275 55 $265 35 4380 Stanthorpe/ Amiens/ etc. $165 11 $150 23 4881 Kuranda/ Koah/ Speewah $320 9 $310 7 4882 Tolga $290 9 n.a. 1 TABLELANDS REGIONAL $190 83 $190 76 4883 Atherton/ Upper Baron $270 50 $275 51 4880 Mareeba/ Biboohra $190 26 $170 26 4884 Yungaburra/ Lake Eacham $275 7 $280 14 4881 Kuranda/ Koah/ Speewah $200 6 n.a. 0 4885 Malanda/ Tarzali/ Jaggan $270 15 $265 11 4883 Atherton/ Upper Baron $200 38 $200 39 4887 Herberton/ Wondecla $250 6 n.a. 2 4885 Malanda/ Tarzali/ Jaggan $165 5 n.a. 2 4888 Ravenshoe/ Evelyn/ Millstream $235 16 $220 12 WESTERN DOWNS REGIONAL $230 53 $195 66 WESTERN DOWNS REGIONAL $260 138 $270 145 4405 Dalby/ Blaxland/ Tipton etc. $190 31 $195 45 4405 Dalby/ Blaxland/ Tipton etc. $260 82 $275 76 4413 Chinchilla/ Hopeland/ Montrose/ etc. $270 18 $250 12 4410 Jandowae $210 5 n.a. 2 4413 Chinchilla/ Hopeland/ Montrose/ etc. $280 34 $270 42 WHITSUNDAY REGIONAL $250 123 $290 134 4415 Miles/ Myall Park/ etc. $300 8 $230 7 Whitsunday Region $250 95 $300 99 4800 Cannon Valley/ Conway/ Proserpine/ etc. $200 18 $230 7 WHITSUNDAY REGIONAL $330 152 $350 125 4802 Airlie Beach/ Cannonvale/ Whitsundays/ etc. $280 77 $300 88 Whitsunday Region $345 68 $360 60 Bowen Region $250 28 $230 35 4800 Cannon Valley/ Conway/ Proserpine/ etc. $300 28 $300 24 4805 Bowen $250 26 $230 32 4802 Airlie Beach/ Cannonvale/ Whitsundays/ etc. $365 40 $380 36 Bowen Region $315 84 $340 65 BANANA SHIRE $200 20 $210 27 4804 Collinsville $250 20 $350 13 BURDEKIN SHIRE $180 43 $180 50 4805 Bowen $320 64 $340 52 CENTRAL HIGHLANDS REGIONAL $250 41 $295 40 CHARTERS TOWERS REGIONAL $185 25 $175 18 GOONDIWINDI REGIONAL $170 38 $150 27 HINCHINBROOK SHIRE $178 37 $170 34 ISAAC REGIONAL $250 17 $230 17 Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 34 www.reiq.com.au
  • 35. OTHER REGIONAL AREAS MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Postcode Postcode Localities Rent New Rent New Localities Rent New Rent New ($) Bonds ($) Bonds ($) Bonds ($) Bonds 2 BEDROOM FLATS/UNITS continued 3 BEDROOM TOWNHOUSES LOCKYER VALLEY REGIONAL $225 16 $200 22 WHITSUNDAY REGIONAL $365 29 $400 28 MARANOA REGIONAL $220 17 $200 16 Whitsunday Region $360 26 $375 26 MOUNT ISA CITY $320 93 $295 93 4802 Airlie Beach/ Cannonvale/ Whitsundays/ etc. $370 22 $400 22 SCENIC RIM REGIONAL $200 26 $190 31 Bowen Region n.a. 3 n.a. 2 GROSS RENTAL YIELDS VACANCY RATES HOUSES UNITS RESIDENTIAL DWELLINGS (AS AT END OF MONTH) LOCAL GOVERNMENT MAR QTR DEC QTR MAR QTR DEC QTR LOCAL GOVERNMENT MAR SEPT MAR AREA 2011 2010 2011 2010 AREA 2011 2010 2010 SOUTH EAST QUEENSLAND SOUTH EAST QUEENSLAND BRISBANE CITY 3.9% 3.8% 4.9% 4.7% BRISBANE (SD) 2.3% 2.9% 2.7% IPSWICH CITY 4.6% 4.7% N/A 4.7% BRISBANE CITY 1.8% 2.6% 2.5% LOGAN CITY 4.7% 4.6% 5.0% 4.9% Brisbane Inner (0-5km) 1.6% 2.5% 2.3% MORETON BAY REGIONAL 4.4% 4.3% 4.4% 4.1% Brisbane Remainder 1.9% 2.6% 2.6% REDLAND CITY 4.3% 4.0% 4.4% 4.5% BRISBANE SURROUNDS 2.7% 3.2% 3.0% GOLD COAST CITY 4.2% 4.2% 5.1% 4.8% IPSWICH CITY 2.3% 2.3% 2.3% SUNSHINE COAST REGIONAL 4.3% 4.2% 4.5% 4.4% LOGAN CITY 2.2% 2.3% 2.3% MAJOR REGIONAL AREAS MORETON BAY REGIONAL 3.6% 3.8% 3.3% BUNDABERG REGIONAL 4.8% 4.8% 4.4% 4.3% Caboolture * 4.3% 4.9% n/a CAIRNS REGIONAL 4.4% 4.3% 5.6% 5.6% Pine Rivers 1.5% 2.5% n/a FRASER COAST REGIONAL 4.5% 4.4% 4.0% 4.7% Redcliffe 4.6% 2.8% n/a GLADSTONE REGIONAL 4.5% 4.2% 4.1% 3.6% Redland City 2.4% 3.5% 4.3% MACKAY REGIONAL 5.1% 4.8% 5.4% 5.1% GOLD COAST CITY 3.6% 4.3% 3.9% ROCKHAMPTON REGIONAL 4.8% 5.0% 4.1% 4.0% SUNSHINE COAST REGIONAL 3.7% 3.4% 3.5% TOOWOOMBA REGIONAL 4.8% 4.4% 4.4% 4.5% Caloundra Coast 2.8% 2.5% n/a TOWNSVILLE CITY 4.8% 4.5% 4.8% 4.6% Maroochy Coast 3.0% 2.6% n/a OTHER REGIONAL AREAS Noosa Coast 4.0% 5.1% n/a BANANA SHIRE 4.4% 5.1% N/A N/A Hinterland 4.9% 4.2% n/a BURDEKIN SHIRE 5.3% 5.7% N/A N/A MAJOR REGIONAL AREAS CENTRAL HIGHLANDS REGIONAL 5.8% 5.9% N/A N/A BUNDABERG REGIONAL 2.5% 2.1% 3.1% GYMPIE REGIONAL 5.3% 4.8% N/A N/A CAIRNS REGIONAL 3.8% 4.4% 5.2% ISAAC REGIONAL 9.3% 7.3% N/A N/A FRASER COAST REGIONAL * 5.9% 5.4% 6.3% MARANOA REGIONAL 4.7% 6.3% N/A N/A Hervey Bay 5.1% 5.5% n/a MOUNT ISA CITY 6.9% 6.4% N/A N/A Maryborough 6.0% 5.2% n/a SCENIC RIM REGIONAL 3.9% 4.2% N/A N/A GLADSTONE REGIONAL 1.4% 1.4% 4.1% SOUTH BURNETT REGIONAL 5.4% 6.0% N/A N/A MACKAY REGIONAL 1.3% 1.3% 3.4% SOUTHERN DOWNS REGIONAL 4.7% 4.9% N/A N/A ROCKHAMPTON REGIONAL 1.8% 2.3% 5.6% TABLELANDS REGIONAL 4.8% 4.6% N/A N/A TOOWOOMBA REGIONAL 1.6% 0.9% N/A WESTERN DOWNS REGIONAL 4.9% 5.4% N/A N/A TOWNSVILLE CITY 2.0% 3.4% 3.0% WHITSUNDAY REGIONAL 4.9% 4.6% 4.8% 4.4% OTHER REGIONAL AREAS GYMPIE REGIONAL 4.6% 4.4% 3.1% LOCKYER VALLEY REGIONAL N/A 4.7% 3.3% TABLELANDS REGIONAL N/A 4.9% 5.6% WHITSUNDAY REGIONAL * N/A 12.7% N/A Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 35 www.reiq.com.au
  • 36. QUEENSLAND MAR K ET MONITORCONTENTS EXPLANATORY NOTES SALES DATA RENTAL DATA Median Price: The middle sale price when arranged in All rental data is collated by postcode. Where no postcode or ascending order, ie where half of the sales recorded were less region is listed, insufficient new bonds were lodged in order to and half were higher than the median calculate a reliable statistic. All figures are preliminary and are subject to further revision. Where there is a relatively small number of bond lodgements Only suburbs to record sufficient sales numbers have been median rent values are less reliable and should be used with included (see Research Methodology). caution. N/A No preliminary estimate available due to insufficient sales n.a. Not Available (the number of new bonds lodged was too numbers small to provide a reliable estimate) (LGA) Local Government Area Source: Residential Tenancies Authority, Rental Bond lodgements (RTA) www.rta.qld.gov.au Brisbane (SD)– Brisbane Statistical Division which includes the LGA’s of Brisbane City, Ipswich City, Logan City, Moreton Bay Regional and Redland City. GROSS RENTAL YIELDS House yields based upon REIQ median house prices and RTA ^ Denotes acreage sales - on land size greater than 2,400m². median weekly rent for 3-bedroom houses All other house and land sale statistics are based on land size under 2,400m². Unit and townhouse data includes sales of all Unit yields based upon REIQ median unit & townhouse prices residential building units and group titled properties. and RTA median weekly rent for 2-bedroom flats ~ Medians affected by varying quality of stock sold VACANCY RATES * Medians affected by varying quantities of new properties sold ¨Based upon all residential rentals as at the end of the month f Medians affected by varying quantities of waterfront * High vacancy rate due to new residential unit releases properties sold n/a Not previously collated g Sales volumes and median affected by QLD government acquisitions in the area N/A Insufficient sample size reported in order to calculate a reliable statistic G Sales volumes and median affected by QLD government sales in the area NB Where no region or vacancy rate is listed, insufficient surveys were received in order to calculate a reliable statistic + Due to the nature of properties in this suburb, some group titled property sales have been included Source: REIQ Residential Rental Survey - Due to the nature of properties in this suburb, some group titled property sales have been omitted Queensland Market Monitor is published by 1 Medians affected by varying volumes of sales on the bay The Real Estate Institute of Queensland (REIQ). islands and mainland ABN 49 009 661 287 2 Paradise Point - excludes Sovereign Island and Ephraim Island 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 intended only to sales 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 regards to their own particular circumstances. The publisher and editor give no representations and make no warranties, express or implied, PRICE POINT GRAPHS with respect to the accuracy or completeness of 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, 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 All figures are preliminary based upon sales records available partial, upon the whole or any part of the contents of this publication. The publisher, editor or contributors as at the time of reporting for each corresponding quarter and will enter into no correspondence in relation to this publication. The mention of the company, organisation, person, investment strategy or technique does not imply endorsement by the publisher. The publisher has are subject to further revision. Comparisons between quarters not vetted advertisers and their products/services. The inclusion of advertisements or special advertising features in this publication does not imply endorsement of the advertiser/s or their products/services by should be used as a guide only. Data supplied by PriceFinder. the publisher. Articles are published in reliance 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 Commonwealth Copyrights Act 1968 and may not, in whole or part, be SOURCE: REIQ, Data obtained from PriceFinder (www.pricefinder.com.au). lent, copied, photocopied, reproduced, translated or reduced to any electronic medium or machine-readable Enquiries about the reproduction of part or all of the information should be format without the express permission of the publisher. For permissions or reprints, contact the Market Place Strategy Division on phone 07 3249 7347. directed to the Marketplace Strategy Division, REIQ. PUBLISHED: 10 JUNE 2011 Based on or contains data provided by the State of Queensland (Department of Environment and Resource Management) 2011. In consideration of the State The Real Estate Institute of Queensland Ltd. permitting use of this data you acknowledge and agree that the State gives no Copyright © 2011 warranty in relation to the data (including accuracy, reliability, completeness, 21 Turbo Drive, Coorparoo, PO Box 1555, currency or suitability) and accepts no liability (including without limitation, Coorparoo DC Q 4151 liability in negligence) for any loss, damage or costs (including consequential Ph: (07) 3249 7347 Fax: (07) 3249 6211 damage) relating to any use of the data. Data must not be used for direct Email: research@reiq.com.au marketing or be used in breach of the privacy laws. Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 36 www.reiq.com.au
  • 37. RESEARCH METHODOLOGYReal estatetrends inQueensland’stowns & suburbsIn order to measure recent performance On a quarterly basis, a minimum of 10 sales To ensure like is compared with like theof the Queensland property market, are required for metropolitan Brisbane. In change in median sale prices comparesQueensland Market Monitor records the regional areas, where there are generally current preliminary estimates withmedian sale price by locality and by local fewer sales compared with metropolitan preliminary estimates for the previousgovernment area (LGA) state-wide where volumes, suburbs with a minimum of period. A percentage change is notsufficient sales numbers are recorded. seven house or unit/townhouse sales or available where there is no preliminary a minimum of five acreage or vacant land estimate available for either referenceAnalysts regard the median sale price, sales in a locality are included. A suburb period.defined as “the middle sale taken from with fewer sales numbers is generallyall the sales in a locality throughout Another point of difference with REIQ regarded as having a sample size too smalla specified period” as the most research is our use of contract date to be truly demonstrative.representative figure. Unlike other figures rather than the ‘settlement date’. Inaverages, which can be skewed by very The REIQ’s research data is based on sales accruing quarterly results, some analystshigh or very low sales, the median is records of the most recent reportable use the date on which the property settledgenerally reflective of current market quarter held by the Department rather than the date that the parties signedactivity. of Environment and Resources a contract of sale. In Queensland, there Management’s Queensland Valuation and could be up to 60 or 90 days between theQuarterly sales figures are generally an Sales database (QVAS). This data is made time a contract of sale is signed (the dayindication of the latest sales activity in an available to the REIQ through PriceFinder on which the parties legally agree on thearea. They reflect the types of properties (www.pricefinder.com.au). price the property will sell for) and the daythat have sold over a three-month period on which the property settles. The REIQand can therefore be quite volatile. Where As of the June quarter 2011, REIQ sales believes that collating quarterly statisticspossible, annotations have been used to data reports are run two weeks earlier based on settlement date figures does notexplain fluctuations in the sales data (see than previously calculated. After careful most accurately reflect the state of thepage 37). analysis, this change in methodology was market in any given quarterly period. implemented to improve the timelinessTo provide a more macro or historical of the REIQ’s sales data release withouttrend view of a suburb’s and LGA’s market jeopardising the reliabilty of the figures.performance, the annual median price is For further information on real estate Given the slightly smaller sample size,also provided as are percentage changes data email REIQ’s research analyst, comparisons between the number of salesover the last one and five years. Yvette Burton [research@reiq.com.au]. of previously published quarters should beTo ensure this data is as reflective of the made with caution.overall market as possible, only suburbsthat recorded a minimum of 25 sales forhouses and unit/townhouses; or 20 salesfor acreage and vacant land over the 12month period are recorded. Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 37 www.reiq.com.au
  • 38. PAYING TOO ONLINE LISTINGS MUCH ?FOR reiq.com is here Setting up your subscription is quick and easy: 1. Click here to access the subscription page on reiq.com 2. Read and understand the terms and conditions and advertising guidelines 3. Complete the online subscription form 4. Email or fax through an updated staff list Once these steps are completed, your subscription will be activated within two business days. It’s that easy! For more information or if you require assistance setting up your subscription: 07 3249 7347 | propertysearch@reiq.com.au *Not available to individual members reiq.com

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