Qmm issue 10 lj gilland_re

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Qmm issue 10 lj gilland_re

  1. 1. Linda Jane Debello Licencee / Director L.J. GILLAND REAL ESTATE Proud to be a REIQ Individual MemberY O U R S TAT E - W I D E P R O P E R T Y R E S E A R C H G U I D E - S U B U R B B Y S U B U R B MAR K E T QUEENSLAND MONITORIssue 10 www.reiq.com.au Buyer’s take your pick www.reiq.com.au
  2. 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. 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. 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. 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. 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 $500,000+
  7. 7. BRISBANE CITY MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Postcode Postcode Localities Rent New Rent New Localities Rent New Rent New ($) 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 $270 11 Please see page 36 for legend and further notesIssue 10 - March Quarter 2011 page 7 www.reiq.com.au
  8. 8. QUEENSLAND MAR K ET MONITORCONTENTS BRISBANE CITY MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Suburbs/ Mar Qtr 2011 Mar Qtr 2010 Postcode Postcode Localities Rent New Rent New Localities Rent New Rent New ($) 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

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