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Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
Qmm Issue 9 Reiq Indmbr Linda Jane Debello
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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 9 www.reiq.com.au Regional Queensland leads the way www.reiq.com.au
  • 2. QUEENSLAND MAR K ET MONITORContents State-wide Summary.................................. page 2 Queensland Market Monitor is published by The Real Estate Institute of Queensland (REIQ). Regional Overview ABN 49 009 661 287 [Houses, Units & Townhouses, Vacant land, Rents] Disclaimer: The information contained in this publication, while based on information believed reliable, is not guaranteed. Nor is any of it tendered by way of investment advice; instead, it is Brisbane City.......................................... page 4 intended only to inform and illustrate. No reader should act on the basis of any matter contained in this publication without considering and if necessary taking appropriate professional advice with Brisbane surrounds.............................. page 9 regards to their own particular circumstances. The publisher and editor give no representations and make no warranties, express or implied, with respect to the accuracy or completeness of Gold Coast City..................................... page 13 any of the material (including statistics, advertisements and advertising features) contained in this publication. The publisher and editor expressly disclaim any and all liability to the reader, toowoomba Regional........................... page 16 whether a purchaser of this publication or not, in respect of anything and the consequences of anything done or omitted to be done by any such person in reliance, whether whole or partial, sunshine Coast Regional...................... page 18 upon the whole or any part of the contents of this publication. The publisher, editor or contributors will enter into no correspondence in relation to this publication. The mention of the company, Fraser Coast Regional.......................... page 20 organisation, person, investment strategy or technique does not imply endorsement by the publisher. The publisher has not vetted advertisers and their products/services. The inclusion of Bundaberg Regional.............................. page 22 advertisements or special advertising features in this publication does not imply endorsement of the advertiser/s or their products/services by the publisher. Articles are published in reliance Gladstone Regional............................... page 24 upon the representations and warranties of the authors of the articles and without knowledge of any infringement of any third party’s copyright. Copyright: This publication is protected under the Rockhampton Regional......................... page 25 Commonwealth Copyrights Act 1968 and may not, in whole or part, be lent, copied, photocopied, reproduced, translated or reduced to any electronic medium or machine-readable format without Mackay Regional.................................... page 27 the express permission of the publisher. For permissions or reprints, contact the Market Place Strategy Division on phone 07 3249 7347. townsville City........................................ page 28 Cairns Regional...................................... page 30 PUBLISHED: 11 March 2011 other Regional Areas............................ page 32 The Real Estate Institute of Queensland Ltd. Copyright © 2011 Rental Yields................................................... page 36 21 turbo Drive, Coorparoo, Po Box 1555, Coorparoo DC Q 4151 Explanatory Notes........................................ page 37 Ph: (07) 3249 7347 Fax: (07) 3249 6211 email: research@reiq.com.au Research Methodology............................. page 38 DeCeMBeR QUARteR 2010 stAte-WIDe sUMMARY Median house and unit prices First home buyers have also started to tentatively return to the market after sitting on the sidelines for the majority of last year. Over the December quarter of 2010 it was Queensland’s major regional centres that posted the best results, especially those Mackay recorded the top result for median house price growth regions with an association with the resources sector. over the quarter, up 7 per cent to $420,000 on the back of an increase in higher-end sales in the region’s northern beachside Mackay, Toowoomba, Bundaberg and Townsville all recorded suburbs. median price growth and healthy sales numbers over the period while the majority of other centres, including South East According to local agents, sales in the $500,000-plus price Queensland, posted steady results. bracket had been the most predominant over the December quarter. The results show that prior to the flood and cyclone in the first two months of this year, the Queensland property market was holding its ground amidst difficult economic conditions. Since that time however agents in affected areas have reported weaker activity. QUEENSLAND HOUSE SALES While the focus of the recent natural disasters have been in <$350,000 <$500,000 <$1m $1m+ Brisbane, Ipswich, Toowoomba and Far North Queensland, it is important to remember that the vast majority of homes in DEC 10 2524 3491 2143 229 these areas were not affected and that the fundamentals that were in play in Queensland at the end of 2010 remain. SEP 10 2815 3597 2309 224 Across the State it was the second and third tier of home buyers who remained the predominant buyer type over the JUN 10 2730 3787 2639 260 December quarter with many taking advantage of market conditions at the end of 2010 to upgrade their homes. Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 2 www.reiq.com.au
  • 3. DEC 10 2524 3491 2143 229 DEC 10 606 1053 1072 598 128 SEP 10 2815 3597 2309 224 SEP 10 623 1228 1192 638 121 JUN 10 2730 3787 2639 260 JUN 10 604 1285 1469 733 124 BRIsBAne CItY DeCeMBeR QUARteR 2010 stAte-WIDe sUMMARY QUEENSLAND UNIT SALES QUEENSLAND LAND SALES <$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$350,000 <$500,000 <$1m $1m+ 25 DEC 10 606 1053 1072 598 128 DEC 10 1029 135 54 5 38 SEP 10 623 1228 1192 638 121 SEP 10 1277 216 82 6 43 JUN 10 604 1285 1469 733 124 JUN 10 1422 281 97 9 There were a number of sales to people shifting to Mackay Median land prices for employmentQUEENSLAND LAND majority of these new in the mines with the SALES residents looking for <$350,000in the middle to upper end of the homes It was regional Queensland again that saw strong sales activity <$250,000 <$500,000 <$1m $1m+ market. in the vacant land market, namely Gladstone, Rockhampton, 25 Townsville and Toowoomba – all driven by the resources sector. Buyers10 DEC 1029 135 54 particularly South have been coming from overseas – 5 Increased sales in this market ensures that supply will keep up Africa – and from in Brisbane and interstate, who are interested 38 with demand in these areas, helping to keep a lid on property in larger, well-located properties. SEP 10 1277 216 82 6 prices. The next best performer was Toowoomba with a median 43 In South East Queensland the continued sales in new house 10 JUN price increase of 6.4 per cent to $307,500, 281 1422 partly due9to 97 residential subdivisions helped a number of regions post the strength of the resources sector in the neighbouring Surat strong increases in median prices over the quarter. With Basin, and an increase in the number of $500,000-plus sales to attractive lifestyle features such as golf or water-frontage, up-grader buyers over the period. coupled with limited supply of land in SEQ, many of these The worst flood-affected properties in Toowoomba itself were lots are selling at premium prices. The Gold Coast and Logan mainly located in the commercial precinct, but residents in the City lead the way, posting increases of 20.8 and 12.7 per cent region remain traumatised from the flash flood that hit their respectively over the December quarter. city. Given the flooding also affected the mining industry, it is Median rents likely that it will take two to three months before that sector’s Mackay posted the top median rent increases for both three- production levels are back to where they were last year. bedroom houses and two-bedroom units over the quarter. The median rent for a three-bedroom house increased $20 to The third top performer was Bundaberg, which posted a $390 per week; while the median rent for a two-bedroom unit median house price increased of 4.9 per cent to $285,250 over was up $15 to $295 per week. the quarter. Robust demand for rental properties continues to be recorded According to local agents, the region’s popularity with lifestyle in the Mackay region, especially given the influx of new buyers is continuing to underpin its performance. Many people residents for work opportunities in the mines. continue to migrate to the region - especially from southern states - in search of its lifestyle and agreeable climate, plus Across Queensland, increased demand for rental Bundaberg, according to one agent, has the “bread and butter accommodation in flood affected areasis likely to result in a property prices of Queensland”. significant tightening in residential vacancy rates for the March quarter however this is likely to ease in the months ahead. The top performing region for median unit and townhouse price growth over the quarter was the Redlands, which posted a 7.7 per cent increase to $350,000. This result, however, can mainly be attributed to the sale of stock in a new waterfront development in Cleveland over the period. Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 3 www.reiq.com.au
  • 4. QUEENSLAND MAR K ET MONITORContents BRIsBAne CItY Median house and unit prices Prior to the floods in January, Brisbane’s market was holding its ground with a stable volume of sales and solid prices however BRISBANE CITY HOUSE SALES the impact of the flood may take some months to be fully <$350,000 <$500,000 <$1m $1m+ understood. 121 DEC 10 799 1064 147 DEC 1 Brisbane’s median house price decreased 1.2 per cent to 137 $525,000 over the December quarter. SEP 10 780 1177 124 SEP 1 The prestige market was the top performer for the December 141 quarter with 147 million-plus house sales, up from 124 during JUN 10 881 1373 141 JUN 1 the September quarter. There was a marked softening in prices for prestige properties in 2010 which may have underpinned this increased number of sales as buyers took advantage of any perceived opportunities. BRISBANE SURROUNDS HOUSE SALES Suburbs to lead the charge by recording seven sales in excess BRISBANE CITY UNIT SALES <$350,000 <$500,000 <$1m $1m+ <$250,000 <$350,000 <$500,000 <$1m $1m+ of $1 million included Wooloowin, St Lucia and Clayfield. DEC 10 34 718 885 291 20 DEC 1 While it was the more affordable properties in Wooloowin that DEC 10 260 511 239 46 DEC stole the limelight during the September quarter, the increase 41 in million-plus sales this quarter resulted in its median being SEP 10 815 1009 328 16 SEP 1 SEP 10 265 628 270 37 SEP skewed upwards by 92.3 per cent due to this varying quality of stock sold between the two periods. 44 JUN 10 775 1111 424 14 JUN 1 JUN 10 254 684 282 47 JUN Since the flood, agents are reporting that sellers of properties INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL in affected areas have mostly withdrawn their properties from the market even if the properties were not directly affected. GOLD COAST HOUSE SALES As the vast majority of homes in Brisbane were not affected by BRISBANE SURROUNDS UNIT SALES <$350,000 <$500,000 <$1m $1m+ the floods it is hoped that the fundamentals that were in play <$250,000 BRISBANE CITY<$500,000 SALES <$350,000 LAND <$1m $1m+ 20 at the end of 2010 remain, and that the Brisbane market will <$250,000 376 <$350,000 <$500,000 $500,000+ DEC 10 318 37 DEC 1 begin to turnaround by the second half of this year. DEC 10 2498 172 79 31 4 DEC The median unit and townhouse in Brisbane decreased 1.8 per DEC 10 14 27 29 12 SEP 10 433 332 49 SEP 1 cent to $400,500 over the December quarter. Preliminary sales 20113 SEP 10 231 71 38 SEP numbers were down about 15 per cent over the quarter. SEP 10 38 54 34 15 JUN 10 417 364 54 JUN 1 Solid performers over the quarter included Bulimba, up 7.7 per JUN 10 102 224 110 45 0 JUN cent to $552,250; Chermside, up 8.1 per cent to $415,000; and JUN 10 54 49 36 15 Spring Hill up 10.9 per cent to $391,063. INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL SUNSHINE COAST HOUSE SALES Vacant land prices GOLD COAST UNIT SALES $1m+ <$350,000 <$500,000 <$1m The number of vacant land sales continues to ease in the Median rents BRISBANE SURROUNDS LAND SALES $1m+ <$250,000 49 <$350,000 <$500,000 <$1m 15 Brisbane City LGA, as the scarcity of land becomes more and DEC 10 <$250,000 <$350,000 <$500,000 Brisbane The median rent for a three-bedroom house 307 178 in $500,000+ DEC 1 more apparent. Only eight suburbs recorded sufficient sales increased 68 DEC 10 $5 to $380 per week between December 2010 and 116 291 269 178 61 26 DEC numbers over the 2010 calender year and the city’s median DEC 10 December 2009. The 277 76 17 14 median rent for a two-bedroom unit is SEP 10 322 189 SEP 1 rank’s it as the most expensive in South East Queensland. also up 10 to $365 per week over the same period. SEP $5 104 374 282 191 50 SEP 46 40 Heathwood, located about 20km south of the Brisbane CBD SEP 10 JUN 10 showing signs of starting to12 8 Brisbane’s rental market was 436 348 77 226 JUN 1 recorded an increase in sales activity due to the sales in the tighten 10 123 JUN throughout the December quarter. Since the floods, 428 405 258 46 JUN new Stockland estate, Parkwood. Located near Forest Lake, the however, demand in affected areas has been particularly acute. JUN 10 417 96 27 3 estate has good access to the Logan Motorway, making an Outside of these areas, agents have been reporting that rental easy commute to the city and Gold Coast. stock in still available, albeit atBAY REGIONALnumbers given the first INCLUDES REDLAND, LOGAN, IPSWICH & MORETON lower two months of the year are historically the busiest time for Sales also continue to tick over in the Urban Land SUNSHINE COAST UNIT SALES Brisbane’s rental market. COAST LAND SALES GOLD Development Authority’s estate in Fitzgibbon. The estate <$250,000 <$350,000 <$500,000 <$1m $1m+ is on one of a number of government initiatives to provide <$250,000 <$350,000 <$500,000 $500,000+ affordable housing in SEQ, where land prices start from DEC 10 58 125 102 84 15 DEC $150,000. DEC 10 20 11 7 16 SEP 10 46 140 99 77 24 SEP SEP 10 52 25 16 Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 4 www.reiq.com.au
  • 5. BRIsBAne CItY MEDIAN SALES DATA MEDIAN SALES DATA Suburb/ Number of Dec change 12 mths to change change Suburb/ Number of Dec change 12 mths to change change Locality Sales Dec Qtr over the end of over over Locality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs Qtr 2010 2010 qtr Dec 2010 1yr 5yrs HOUSES HOUSES continued BRISBANE (SD) 4,045 $450,000 0.6% $459,000 8.0% 45.7% HAWTHORNE ~ 13 $759,000 -7.4% $837,000 14.3% 40.1% BRISBANE (SD) ^ 296 $550,000 -6.8% $590,000 7.3% 36.4% HEMMANT 10 $408,750 N/A $430,000 3.3% 43.8% BRISBANE CITY (LGA) 2,131 $525,000 -1.2% $540,000 9.9% 47.9% HENDRA ~ * 11 $920,000 6.5% $800,000 9.4% 69.4% BRISBANE CITY (LGA) ^ ~ 41 $875,000 -19.5% $1,100,000 25.6% 52.8% HERSTON 4 N/A N/A $675,000 N/A 48.4% ACACIA RIDGE 17 $320,000 0.8% $333,500 0.8% 42.8% HIGHGATE HILL 7 N/A N/A $813,500 13.2% 39.7% ALDERLEY 9 N/A N/A $617,500 2.9% 50.6% HOLLAND PARK 26 $525,250 1.0% $547,500 10.6% 52.1% ALGESTER 20 $425,000 6.9% $423,000 6.9% 45.9% HOLLAND PARK WEST ~ 18 $522,500 -6.7% $550,000 6.1% 57.6% ANNERLEY ~ 15 $619,000 11.6% $600,000 13.3% 54.0% INALA 30 $298,000 -2.0% $295,000 1.4% 55.3% ASCOT ~ 11 $1,100,000 N/A $1,280,000 30.6% 45.5% INDOOROOPILLY ~ 18 $802,500 33.8% $715,000 12.2% 37.5% ASHGROVE ~ 31 $735,000 -8.0% $695,000 10.9% 57.6% JAMBOREE HEIGHTS 9 N/A N/A $432,000 1.9% 46.2% ASPLEY 30 $462,500 0.3% $465,000 0.4% 38.8% JINDALEE 12 $487,000 0.6% $500,000 10.0% 48.8% AUCHENFLOWER 7 N/A N/A $754,750 -1.5% 39.8% KEDRON 22 $526,250 -3.6% $548,175 14.2% 58.7% BALD HILLS 20 $399,500 1.1% $390,000 -2.7% 46.5% KELVIN GROVE 5 N/A N/A $633,500 3.9% 42.0% BALMORAL 8 N/A N/A $800,000 13.9% 65.6% KENMORE ~ 29 $510,000 -9.7% $560,000 11.4% 45.5% BANYO 15 $431,000 4.5% $430,000 7.5% 55.0% KEPERRA 15 $430,000 -4.7% $437,000 2.8% 50.7% BARDON ~ 21 $772,000 10.3% $773,500 11.1% 55.0% KURABY 16 $539,000 N/A $536,000 8.3% 38.3% BELLBOWRIE ~ 11 $457,500 -13.4% $472,500 3.8% 38.6% LOTA 6 N/A N/A $472,000 1.9% 30.7% BELMONT 4 N/A N/A $610,000 8.0% 60.5% MACGREGOR 9 N/A N/A $540,000 9.5% 41.2% BOONDALL 26 $422,500 0.7% $425,000 2.4% 35.9% MACKENZIE 6 N/A N/A $623,500 N/A 31.3% BRACKEN RIDGE 30 $380,500 -7.2% $418,000 2.0% 36.2% MANLY ~ 12 $500,000 N/A $700,000 19.7% 49.6% BRIDGEMAN DOWNS 11 $687,000 2.2% $665,250 -1.4% 27.9% MANLY WEST ~ 18 $557,500 15.7% $500,000 5.3% 40.8% BRIGHTON 25 $396,000 -0.5% $410,000 5.1% 43.9% MANSFIELD 18 $514,500 2.9% $510,000 9.1% 52.2% BULIMBA ~ 10 $997,250 14.6% $875,000 6.4% 26.8% MCDOWALL ~ 13 $525,000 -13.2% $576,250 10.6% 41.8% CALAMVALE ~ 30 $488,950 -10.3% $520,000 7.2% 43.6% MIDDLE PARK 5 N/A N/A $540,000 9.8% 44.4% CAMP HILL ~ 30 $682,500 -3.6% $670,000 16.5% 54.0% MITCHELTON ~ 20 $515,000 -5.5% $542,000 9.8% 67.8% CANNON HILL ~ 10 $495,000 -13.5% $570,000 14.0% 51.2% MOGGILL 5 N/A N/A $483,500 3.2% 30.7% CARINA 16 $510,000 -4.7% $520,000 9.5% 48.6% MOOROOKA 34 $487,500 -0.1% $500,000 7.7% 47.1% CARINA HEIGHTS 8 N/A N/A $518,500 3.8% 44.4% MORNINGSIDE ~ 22 $540,000 -12.7% $619,000 13.9% 58.7% CARINDALE 36 $679,250 2.0% $697,500 7.3% 39.7% MOUNT CROSBY ^ 6 N/A N/A $570,000 6.5% 48.1% CARSELDINE 15 $510,000 N/A $540,500 12.3% 48.1% MOUNT GRAVATT 7 N/A N/A $492,000 2.5% 52.6% CHAPEL HILL 19 $690,000 6.2% $680,000 9.7% 49.4% MOUNT GRAVATT EAST 29 $465,000 -2.1% $485,000 8.5% 44.3% CHELMER 8 N/A N/A $830,000 -3.5% 51.3% MURARRIE 9 N/A N/A $495,000 8.3% 48.9% CHERMSIDE 11 $420,000 N/A $465,000 3.7% 42.4% NEW FARM 5 N/A N/A $1,025,000 13.9% 28.1% CHERMSIDE WEST 15 $465,000 -4.1% $465,000 6.4% 47.6% NEWMARKET 9 N/A N/A $715,000 13.0% 67.3% CLAYFIELD ~ 17 $900,000 12.5% $935,000 12.7% 50.8% NORMAN PARK ~ 13 $750,000 9.5% $697,500 8.6% 59.9% COOPERS PLAINS 9 N/A N/A $440,500 7.4% 61.7% NORTHGATE 6 N/A N/A $462,500 -11.1% 33.1% COORPAROO 26 $675,500 9.0% $670,000 9.4% 46.0% NUDGEE 8 N/A N/A $475,000 1.1% 58.3% CORINDA 11 $525,000 N/A $590,000 0.0% 48.6% NUNDAH ~ 15 $555,000 -7.5% $585,000 8.3% 58.1% DARRA 5 N/A N/A $355,000 2.2% 47.9% OXLEY 17 $454,000 6.8% $452,000 6.4% 52.7% DEAGON 2 N/A N/A $430,000 13.2% 56.9% PADDINGTON ~ 19 $700,000 -18.1% $810,000 16.5% 58.2% DOOLANDELLA * 14 $455,000 N/A $431,000 20.6% 64.8% PARKINSON ~ 34 $510,253 2.1% $527,000 8.2% 40.5% DREWVALE 4 N/A N/A $487,500 6.8% 39.3% PULLENVALE ^ ~ 5 N/A N/A $1,112,500 21.1% 43.5% DURACK 7 N/A N/A $374,500 9.8% 49.8% RED HILL 12 $728,000 8.6% $683,500 0.5% 36.7% EAST BRISBANE 13 $620,000 -3.9% $690,000 10.0% 56.8% RIVERHILLS 10 $457,500 8.9% $439,500 5.9% 48.4% EIGHT MILE PLAINS 21 $550,000 5.7% $610,000 6.5% 48.8% ROBERTSON 7 N/A N/A $685,000 9.6% 34.5% ENOGGERA ~ * 15 $595,000 -5.6% $586,000 14.3% 53.8% ROCKLEA 6 N/A N/A $360,000 -2.2% 57.2% EVERTON PARK ~ 18 $523,500 16.6% $502,000 11.6% 51.9% RUNCORN 26 $439,500 4.3% $435,000 3.6% 47.5% FAIRFIELD 6 N/A N/A $585,000 0.0% 46.3% SALISBURY 11 $453,000 0.7% $455,000 5.8% 46.8% FERNY GROVE ~ 13 $449,000 -7.4% $500,000 4.2% 37.9% SANDGATE 11 $514,000 N/A $522,000 4.4% 39.6% FIG TREE POCKET 7 N/A N/A $785,000 3.3% 68.8% SEVEN HILLS 1 N/A N/A $610,000 5.2% 52.0% FITZGIBBON 4 N/A N/A $427,000 2.9% 44.7% SEVENTEEN MILE ROCKS ~ 8 N/A N/A $550,750 16.7% 43.2% FOREST LAKE 83 $387,000 1.8% $400,000 5.3% 42.9% SHERWOOD 9 N/A N/A $734,000 12.9% 59.6% GAYTHORNE 4 N/A N/A $515,000 -4.3% 41.1% SHORNCLIFFE 8 N/A N/A $650,000 0.0% 61.5% GEEBUNG ~ 10 $416,750 -9.2% $455,000 7.1% 54.2% SINNAMON PARK 9 N/A N/A $621,000 8.0% 55.3% GORDON PARK 3 N/A N/A $585,000 2.6% 32.1% SPRING HILL 2 N/A N/A $812,500 N/A 49.1% GRACEVILLE ~ 21 $720,000 15.0% $719,000 15.0% 53.0% ST LUCIA ~ 10 $1,047,500 21.1% $1,067,500 22.0% 58.6% GRANGE 17 $730,000 N/A $650,000 -5.8% 50.3% STAFFORD ~ 15 $489,000 -11.1% $489,000 8.2% 60.3% GREENSLOPES ~ 14 $550,000 -7.0% $591,000 7.5% 43.7% STAFFORD HEIGHTS 14 $442,500 -4.8% $466,500 3.9% 45.8% HAMILTON ~ 6 N/A N/A $1,190,000 16.1% 55.6% STRETTON 8 N/A N/A $627,500 -4.2% 33.5% Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 5 www.reiq.com.au
  • 6. QUEENSLAND MAR K ET MONITORContents BRIsBAne CItY MEDIAN SALES DATA MEDIAN SALES DATA Suburb/ Number of Dec change 12 mths to change change Suburb/ Number of Dec change 12 mths to change change Locality Sales Dec Qtr over the end of over over Locality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs Qtr 2010 2010 qtr Dec 2010 1yr 5yrs HOUSES continued UNITS & TOWNHOUSES continued SUNNYBANK 17 $566,000 4.8% $530,000 4.7% 39.8% GORDON PARK 6 N/A N/A $354,000 3.0% 50.6% SUNNYBANK HILLS 40 $490,750 1.2% $500,000 11.1% 47.8% GREENSLOPES 14 $351,000 -2.5% $370,000 1.4% 38.3% TAIGUM 9 N/A N/A $453,000 5.3% 38.1% HAMILTON ~ * f 14 $444,250 1.0% $500,000 19.2% 30.6% TARINGA ~ 12 $567,500 -16.5% $750,000 7.0% 38.1% HAWTHORNE 7 N/A N/A $425,250 0.2% 35.4% TARRAGINDI ~ 23 $550,000 -8.6% $589,000 10.1% 55.0% HIGHGATE HILL 10 $412,500 N/A $456,000 10.9% 47.1% THE GAP ~ 37 $510,000 -8.9% $560,000 8.0% 45.4% HOLLAND PARK WEST ~ * 4 N/A N/A $359,000 N/A 41.6% TINGALPA 26 $430,000 4.1% $432,000 0.9% 45.0% INDOOROOPILLY 15 $460,000 2.4% $465,000 6.9% 40.1% TOOWONG 17 $700,000 N/A $712,500 13.1% 51.6% KANGAROO POINT * f 32 $408,000 -25.8% $505,000 12.2% 36.5% UPPER KEDRON 9 N/A N/A $540,000 0.9% 31.0% KEDRON 9 N/A N/A $340,750 5.7% 40.2% UPPER MOUNT GRAVATT ~ 21 $436,000 -6.6% $467,000 3.8% 50.6% KELVIN GROVE * 8 N/A N/A $415,000 -2.4% 33.9% VIRGINIA 9 N/A N/A $452,500 6.5% 47.2% LUTWYCHE 6 N/A N/A $390,000 10.6% 56.0% WAKERLEY 28 $614,000 4.1% $630,000 8.6% 42.6% MOOROOKA * 11 $364,000 -13.3% $420,000 27.3% 78.7% WAVELL HEIGHTS 39 $540,000 -2.2% $540,000 10.2% 56.5% MORNINGSIDE ~ * 27 $432,500 -0.3% $450,000 7.4% 46.3% WEST END 5 N/A N/A $810,000 11.7% 66.2% MOUNT GRAVATT EAST 6 N/A N/A $384,250 7.6% 34.8% WESTLAKE ~ 14 $635,000 -7.6% $630,500 9.7% 46.6% NEW FARM ~ f * 48 $531,500 4.2% $525,000 14.1% 34.6% WILSTON 5 N/A N/A $862,500 12.0% 55.0% NEWMARKET 3 N/A N/A $427,000 2.6% 40.7% WINDSOR ~ 15 $735,000 26.7% $686,500 14.4% 74.0% NEWSTEAD 4 f 7 N/A N/A $505,000 -1.9% 26.3% WISHART ~ 10 $492,500 -15.4% $559,000 12.9% 51.1% NORMAN PARK 6 N/A N/A $478,000 2.1% N/A WOOLLOONGABBA ~ 8 N/A N/A $669,000 20.5% 76.5% NORTHGATE * 12 $386,250 12.0% $360,000 -12.2% 60.4% WOOLOOWIN ~ 13 $1,150,000 92.3% $725,000 16.0% 60.8% NUNDAH * 23 $360,000 5.9% $369,000 -11.1% 53.8% WYNNUM 42 $502,500 0.2% $531,000 11.8% 44.5% PADDINGTON ~ 13 $407,500 N/A $420,000 -5.4% 35.5% WYNNUM WEST 26 $427,750 -3.9% $440,000 0.0% 40.8% RICHLANDS * 2 N/A N/A $342,000 N/A N/A YERONGA 13 $670,000 N/A $665,000 -2.9% 35.6% RUNCORN 15 $328,000 0.9% $334,000 0.6% 45.2% ZILLMERE 17 $384,000 -4.5% $404,000 6.9% 60.3% SHERWOOD * 7 N/A N/A $416,000 -2.7% 21.6% SOUTH BRISBANE f 18 $472,500 2.3% $445,000 11.5% 18.7% UNITS & TOWNHOUSES SPRING HILL ~ 32 $391,063 10.9% $390,000 0.0% 43.7% BRISBANE (SD) 1,474 $380,000 1.3% $379,950 5.0% 41.2% ST LUCIA ~ * 26 $447,065 5.2% $440,000 -1.9% 41.9% BRISBANE CITY (LGA) 1,090 $400,500 -1.8% $407,000 5.3% 38.3% STAFFORD * 7 N/A N/A $398,000 10.8% N/A ALBION 1 N/A N/A $416,000 5.3% 37.3% SUNNYBANK HILLS 6 N/A N/A $370,500 5.1% 62.0% ALDERLEY * 10 $342,500 N/A $357,000 -2.9% 38.8% TAIGUM 13 $345,000 -2.0% $350,750 1.8% 17.9% ALGESTER * 5 N/A N/A $347,000 8.4% 24.4% TARINGA 20 $427,500 -2.8% $426,750 6.8% 47.2% ANNERLEY ~ * 20 $377,500 -8.4% $368,000 2.2% 57.6% TENERIFFE * f 23 $540,000 -7.3% $550,000 3.4% 44.0% ASCOT ~ 11 $438,000 11.9% $403,000 4.0% 34.1% TINGALPA 6 N/A N/A $355,000 3.0% 54.7% ASHGROVE 8 N/A N/A $395,000 -0.4% 31.0% TOOWONG 23 $407,000 -4.3% $435,500 4.9% 52.8% ASPLEY 9 N/A N/A $375,000 4.2% 45.5% UPPER MOUNT GRAVATT 4 N/A N/A $392,000 4.1% 51.9% AUCHENFLOWER 18 $447,500 4.1% $430,000 0.0% 22.7% WAKERLEY * 10 $415,500 N/A $425,000 N/A N/A BALMORAL ~ 3 N/A N/A $499,999 17.6% 60.0% WEST END * 18 $520,000 -3.0% $530,000 4.1% 43.2% BARDON * 6 N/A N/A $622,500 17.4% 76.1% WILSTON ~ 4 N/A N/A $436,500 12.8% 57.9% BOWEN HILLS 9 N/A N/A $420,000 0.4% 25.4% WINDSOR 4 N/A N/A $366,000 4.9% 40.8% BRACKEN RIDGE * 13 $357,000 0.0% $355,000 1.5% N/A WISHART 6 N/A N/A $361,000 2.4% 21.1% BRIDGEMAN DOWNS * 1 N/A N/A $369,750 N/A N/A WOOLLOONGABBA * 12 $402,500 -6.9% $416,500 -0.8% 41.2% BRISBANE CITY * f 76 $485,000 -4.9% $460,000 8.6% 19.5% WOOLOOWIN 6 N/A N/A $350,000 3.2% 50.9% BULIMBA * 14 $552,250 7.7% $509,500 0.3% 29.0% WYNNUM 4 N/A N/A $390,000 8.3% 30.4% CALAMVALE 11 $335,000 -3.5% $355,000 1.4% 67.5% WYNNUM WEST 5 N/A N/A $338,000 7.3% 56.1% CARINA 7 N/A N/A $430,000 3.6% 30.3% YERONGA 11 $420,000 -3.8% $420,000 6.3% 44.8% CARINA HEIGHTS 7 N/A N/A $462,500 3.4% 54.7% ZILLMERE 8 N/A N/A $370,000 5.9% 75.8% CARINDALE ~ * 6 N/A N/A $506,500 -1.7% N/A CAROLE PARK * 3 N/A N/A $330,000 N/A N/A CHERMSIDE 17 $415,000 8.1% $426,250 4.6% 45.0% CLAYFIELD 25 $338,500 -4.6% $360,000 0.6% 45.5% COORPAROO ~ 30 $365,500 -5.1% $380,000 4.9% 54.8% CORINDA * f 3 N/A N/A $419,500 2.3% 80.8% DOOLANDELLA * 1 N/A N/A $336,500 N/A N/A EAST BRISBANE * 9 N/A N/A $440,000 12.1% 61.4% EIGHT MILE PLAINS 7 N/A N/A $377,000 2.3% 53.9% ENOGGERA 5 N/A N/A $398,000 1.8% N/A EVERTON PARK * 9 N/A N/A $395,000 12.1% 58.0% FORTITUDE VALLEY ~ 33 $375,500 -4.9% $400,000 -0.6% 22.1% GAYTHORNE * 8 N/A N/A $380,000 11.1% 65.8% Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 6 www.reiq.com.au
  • 7. BRIsBAne CItY MEDIAN SALES DATA MEDIAN WEEKLY RENTS Suburb/ Number of Dec change 12 mths to change change Suburbs/ Dec Qtr 2010 Dec Qtr 2009 Postcode Locality Sales Dec Qtr over the end of over over Localities Rent New Rent New Qtr 2010 2010 qtr Dec 2010 1yr 5yrs ($) Bonds ($) Bonds VACANT URBAN LAND 3 BEDROOM HOUSES continued BRISBANE (SD) 414 $209,750 4.9% $205,000 -4.7% 20.6% South - Inner $380 335 $375 368 BRISBANE (SD) ^ 52 $362,750 23.0% $310,000 5.1% 34.8% 4103 Annerley/ Fairfield $400 40 $400 39 BRISBANE CITY (LGA) * 74 $332,500 5.6% $312,000 11.4% 41.8% 4104 Yeronga $420 16 $420 16 BRISBANE CITY (LGA) ^ ~ 8 N/A N/A $661,250 43.8% -21.3% 4105 Moorooka/ Tennyson/ Yeerongpilly $360 37 $375 48 CALAMVALE * 7 $320,000 -6.4% $345,000 17.7% 60.5% 4120 Greenslopes $400 24 $400 32 DOOLANDELLA ~ * 7 $245,000 5.6% $232,500 4.7% N/A 4121 Holland Park/ Holland Park West/ Tarragindi $380 73 $380 84 DURACK * 0 N/A N/A $210,000 N/A N/A 4122 Mansfield/ Mt Gravatt/ Wishart/ etc. $370 145 $360 149 EIGHT MILE PLAINS * 2 N/A N/A $356,000 13.0% 24.9% South - Outer $350 307 $350 267 FITZGIBBON * G 8 $235,950 0.4% $224,950 N/A N/A 4106 Rocklea $350 13 $350 9 HEATHWOOD * 11 $275,000 N/A $239,000 0.4% 50.3% 4107 Salisbury $360 23 $350 25 UPPER KEDRON * 1 N/A N/A $295,000 N/A 31.1% 4108 Archerfield/ Coopers Plains $330 19 $350 19 WAKERLEY * 4 N/A N/A $346,250 23.7% 38.5% 4109 Macgregor/ Robertson/ Sunnybank/ etc. $360 93 $350 90 4110 Acacia Ridge/ Willawong $320 42 $330 23 4112 Kuraby $320 20 $350 8 4113 Eight Mile Plains/ Runcorn $350 68 $360 57 MEDIAN WEEKLY RENTS 4115 Algester/ Parkinson $360 13 $355 17 Suburbs/ Dec Qtr 2010 Dec Qtr 2009 4116 Calamvale/ Drewvale/ Stretton $370 16 $370 19 Postcode Localities Rent New Rent New South East - Inner $420 293 $400 332 ($) Bonds ($) Bonds 4151 Coorparoo $425 46 $395 33 3 BEDROOM HOUSES 4152 Camp Hill/ Carina/ Carina Heights/ Carindale $400 108 $380 144 BRISBANE CITY COUNCIL AREA $380 2,787 $370 2,792 4170 Cannon Hill/ Morningside/ Norman Park/ etc. $420 94 $420 99 Bayside $370 151 $360 145 4171 Balmoral/ Bulimba/ Hawthorne $470 34 $440 39 4178 Lytton/ Wynnum/ Wynnum West $370 90 $360 90 4172 Murarrie $400 11 $380 17 4179 Lota/ Manly/ Manly West $375 61 $380 55 South East - Outer $395 49 $375 48 City Inner $470 234 $445 215 4153 Belmont $395 9 $365 8 4000 Brisbane City/ Spring Hill $495 24 $500 14 4154 Gumdale/ Ransome/ Wakerley $450 10 $440 5 4005 New Farm $540 17 $525 19 4173 Tingalpa $365 17 $370 26 4006 Bowen Hills/ Fortitude Valley/ Herston/ Newstead $470 9 $450 10 4174 Hemmant $355 10 $330 6 4064 Milton/ Paddington $450 45 $450 36 South West - Inner $400 106 $380 138 4066 Auchenflower/ Toowong $460 39 $400 35 4068 Chelmer/ Indooroopilly/ Taringa $430 37 $395 60 4067 St Lucia $465 10 n.a. 4 4075 Corinda/ Graceville/ Oxley/ Sherwood $390 69 $370 78 4101 Highgate Hill/ South Brisbane/ West End $500 35 $450 37 South West - Outer $345 325 $330 317 4102 Buranda/ Dutton Park/ Wooloongabba $420 24 $380 32 4069 Brookfield/ Chapel Hill/ Fig Tree Pocket/ etc. $410 50 $395 42 4169 East Brisbane/ Kangaroo Point $440 31 $450 28 4070 Anstead/ Bellbowrie/ Moggill $310 6 $350 10 North - Inner $400 323 $400 295 4073 Seventeen Mile Rocks/ Sinnamon Park $390 15 $380 12 4007 Ascot/ Hamilton $510 25 $465 20 4074 Jindalee/ Mt Ommaney/ Sumner/ Westlake/ etc. $360 67 $360 62 4010 Albion $420 15 $400 9 4076 Darra/ Wacol $325 19 $300 24 4011 Clayfield/ Hendra $450 37 $470 38 4077 Doolandella/ Durack/ Inala/ Richlands $300 65 $290 65 4012 Nundah/ Toombul/ Wavell Heights $380 77 $380 75 4078 Ellen Grove/ Forest Lake $335 103 $330 102 4030 Lutwyche/ Windsor/ Wooloowin $450 42 $400 57 4031 Gordon Park/ Kedron $380 53 $390 33 2 BEDROOM FLATS/UNITS 4051 Alderley/ Enogerra/ Newmarket/ Wilston/ etc. $395 72 $395 62 BRISBANE CITY COUNCIL AREA $365 3,824 $355 3,550 North - Outer $360 350 $350 357 Bayside $300 52 $300 50 4013 Northgate $340 21 $350 18 4178 Lytton/ Wynnum/ Wynnum West $305 39 $305 35 4014 Banyo/ Nudgee/ Virginia $360 35 $350 35 4179 Lota/ Manly/ Manly West $300 13 $265 15 4017 Bracken Ridge/ Brighton/ Deagon/ Sandgate/ etc. $360 99 $350 105 City Inner $450 1,603 $440 1,529 4018 Fitzgibbon/ Taigum $370 19 $360 17 4000 Brisbane City/ Spring Hill $575 322 $540 297 4032 Chermside/ Chermside West $360 49 $360 57 4005 New Farm $440 254 $410 183 4034 Aspley/ Boondall/ Carseldine/ Geebung/ Zillmere $350 105 $350 107 4006 Bowen Hills/ Fortitude Valley/ Herston/ Newstead $455 250 $445 286 4036 Bald Hills $350 22 $350 18 4064 Milton/ Paddington $380 49 $360 62 North West - Inner $460 85 $420 92 4066 Auchenflower/ Toowong $360 182 $365 176 4059 Kelvin Grove/ Red Hill $460 39 $450 36 4067 St Lucia $380 77 $370 73 4060 Ashgrove $430 23 $395 30 4101 Highgate Hill/ South Brisbane/ West End $470 254 $450 237 4065 Bardon $460 23 $390 26 4102 Buranda/ Dutton Park/ Wooloongabba $380 29 $400 39 North West - Outer $360 229 $365 218 4169 East Brisbane/ Kangaroo Point $435 186 $425 176 4053 Everton Park/ McDowall/ Mitchelton/ Stafford/ etc. $360 148 $360 128 North - Inner $325 772 $320 649 4054 Arana Hills/ Keperra $360 52 $360 44 4007 Ascot/ Hamilton $350 106 $330 122 4061 The Gap $400 29 $390 46 4010 Albion $350 31 $355 21 Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 7 www.reiq.com.au
  • 8. QUEENSLAND MAR K ET MONITORContents BRIsBAne CItY MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS Suburbs/ Dec Qtr 2010 Dec Qtr 2009 Suburbs/ Dec Qtr 2010 Dec Qtr 2009 Postcode Postcode Localities Rent New Rent New Localities Rent New Rent New ($) Bonds ($) Bonds ($) Bonds ($) Bonds 2 BEDROOM FLATS/UNITS continued 3 BEDROOM TOWNHOUSES continued 4011 Clayfield/ Hendra $325 161 $320 115 4051 Alderley/ Enogerra/ Newmarket/ Wilston/ etc. $450 23 $415 43 4012 Nundah/ Toombul/ Wavell Heights $335 140 $325 122 North - Outer $360 178 $360 122 4030 Lutwyche/ Windsor/ Wooloowin $310 118 $295 104 4013 Northgate $420 9 $420 8 4031 Gordon Park/ Kedron $315 80 $305 57 4017 Bracken Ridge/ Brighton/ Deagon/ Sandgate/ etc. $350 72 $355 19 4051 Alderley/ Enogerra/ Newmarket/ Wilston/ etc. $320 136 $330 108 4018 Fitzgibbon/ Taigum $360 23 $335 14 North - Outer $325 234 $310 175 4032 Chermside/ Chermside West $400 27 $410 23 4013 Northgate $300 25 $270 17 4034 Aspley/ Boondall/ Carseldine/ Geebung/ Zillmere $360 47 $360 57 4014 Banyo/ Nudgee/ Virginia $320 10 $260 6 North West - Inner $490 11 $430 10 4017 Bracken Ridge/ Brighton/ Deagon/ Sandgate/ etc. $315 27 $300 17 North West - Outer $395 59 $390 39 4018 Fitzgibbon/ Taigum $310 11 $300 6 4053 Everton Park/ McDowall/ Mitchelton/ Stafford/ etc. $400 48 $390 32 4032 Chermside/ Chermside West $350 106 $310 90 4054 Arana Hills/ Keperra $355 8 n.a. 2 4034 Aspley/ Boondall/ Carseldine/ Geebung/ Zillmere $330 54 $300 39 South - Inner $400 135 $385 123 North West - Inner $350 99 $340 125 4103 Annerley/ Fairfield $445 25 $450 15 4059 Kelvin Grove/ Red Hill $350 58 $335 83 4104 Yeronga $440 14 $420 13 4060 Ashgrove $350 38 $350 36 4105 Moorooka/ Tennyson/ Yeerongpilly $395 23 $370 16 North West - Outer $310 61 $300 45 4120 Greenslopes $485 15 $380 6 4053 Everton Park/ McDowall/ Mitchelton/ Stafford/ etc. $310 60 $310 42 4121 Holland Park/ Holland Park West/ Tarragindi $380 8 $390 12 South - Inner $320 400 $310 379 4122 Mansfield/ Mt Gravatt/ Wishart/ etc. $390 50 $385 61 4103 Annerley/ Fairfield $310 95 $310 100 South - Outer $370 326 $375 360 4104 Yeronga $310 36 $320 35 4107 Salisbury $470 8 $465 7 4105 Moorooka/ Tennyson/ Yeerongpilly $320 57 $290 48 4109 Macgregor/ Robertson/ Sunnybank/ etc. $390 53 $380 41 4111 Nathan $265 5 $230 7 4110 Acacia Ridge/ Willawong $320 8 n.a. 3 4120 Greenslopes $320 94 $310 93 4112 Kuraby $350 15 $350 18 4121 Holland Park/ Holland Park West/ Tarragindi $330 32 $300 32 4113 Eight Mile Plains/ Runcorn $380 139 $375 186 4122 Mansfield/ Mt Gravatt/ Wishart/ etc. $340 81 $360 64 4115 Algester/ Parkinson $350 45 $350 33 South - Outer $300 40 $300 45 4116 Calamvale/ Drewvale/ Stretton $365 58 $360 72 4109 Macgregor/ Robertson/ Sunnybank/ etc. $375 23 $385 23 South East - Inner $420 193 $400 177 South East - Inner $340 326 $330 332 4151 Coorparoo $460 11 $435 10 4151 Coorparoo $330 142 $310 134 4152 Camp Hill/ Carina/ Carina Heights/ Carindale $400 105 $390 91 4152 Camp Hill/ Carina/ Carina Heights/ Carindale $340 35 $340 31 4170 Cannon Hill/ Morningside/ Norman Park/ etc. $425 51 $435 49 4170 Cannon Hill/ Morningside/ Norman Park/ etc. $350 78 $345 86 4171 Balmoral/ Bulimba/ Hawthorne $520 14 $445 17 4171 Balmoral/ Bulimba/ Hawthorne $395 71 $375 81 4172 Murarrie $490 12 $465 10 South East - Outer $300 11 $285 8 South East - Outer $385 58 $380 40 4173 Tingalpa $290 9 $285 7 4153 Belmont $410 6 $400 9 South West - Inner $360 197 $350 196 4154 Gumdale/ Ransome/ Wakerley $390 35 $415 13 4068 Chelmer/ Indooroopilly/ Taringa $365 159 $360 145 4173 Tingalpa $365 16 $365 15 4075 Corinda/ Graceville/ Oxley/ Sherwood $320 38 $300 51 South West - Inner $390 65 $360 104 South West - Outer $250 29 $325 17 4068 Chelmer/ Indooroopilly/ Taringa $490 23 $450 17 4076 Darra/ Wacol $153 14 n.a. 1 4075 Corinda/ Graceville/ Oxley/ Sherwood $380 42 $360 87 4078 Ellen Grove/ Forest Lake $330 8 $330 9 South West - Outer $350 125 $350 66 4069 Brookfield/ Chapel Hill/ Fig Tree Pocket/ etc. $410 5 n.a. 2 3 BEDROOM TOWNHOUSES 4073 Seventeen Mile Rocks/ Sinnamon Park $390 20 $380 20 BRISBANE CITY COUNCIL AREA $385 1,376 $380 1,256 4074 Jindalee/ Mt Ommaney/ Sumner/ Westlake/ etc. $450 23 $370 14 Bayside $370 66 $365 77 4077 Doolandella/ Durack/ Inala/ Richlands $345 38 $335 8 4178 Lytton/ Wynnum/ Wynnum West $370 39 $360 35 4078 Ellen Grove/ Forest Lake $325 35 $340 18 4179 Lota/ Manly/ Manly West $370 27 $375 42 City Inner $550 50 $500 30 4005 New Farm $620 8 n.a. 4 4006 Bowen Hills/ Fortitude Valley/ Herston/ Newstead $420 5 n.a. 4 4066 Auchenflower/ Toowong $500 7 n.a. 4 4067 St Lucia $500 7 n.a. 1 4101 Highgate Hill/ South Brisbane/ West End $585 10 $495 5 4169 East Brisbane/ Kangaroo Point $550 7 $450 5 North - Inner $450 110 $415 108 4007 Ascot/ Hamilton $575 15 $450 6 4011 Clayfield/ Hendra $510 13 $515 9 4012 Nundah/ Toombul/ Wavell Heights $430 22 $385 14 4030 Lutwyche/ Windsor/ Wooloowin $430 18 $415 16 4031 Gordon Park/ Kedron $385 16 $390 20 Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 8 www.reiq.com.au
  • 9. <$350,000 <$500,000 <$1m $1m+ 121 DEC 10 799 1064 147 DEC 1 137 SEP 10 780 1177 124 SEP 1 141 JUN 10 881 1373 141 JUN 1 BRIsBAne sURRoUnDs Median house and unit prices BRISBANE SURROUNDS HOUSE SALES Brisbane’s surrounds recorded steady results over the BRISBANE <$500,000 SALES $1m+ CITY UNIT <$1m <$350,000 December quarter however the preliminary number of house <$250,000 <$350,000 <$500,000 <$1m $1m+ sales was down significantly in all areas apart from the Redland DEC 10 34 718 885 291 20 DEC 1 City region. These lower volumes can mainly be attributed to DEC 10 260 511 239 46 DEC 1 fewer first home buyers being active last year compared to 41 2009. SEP 10 815 1009 328 16 SEP 1 SEP 10 265 628 270 37 SEP 1 The median house price in Ipswich was steady at $310,000 44 JUN 10 775 1111 424 14 JUN 1 over the December quarter however the Ipswich region was JUN 10 254 684 282 47 JUN 1 particularly impacted during the floods in January. Local agents INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL report that immediately following the floods everyone was in damage control however early February saw buyer enquiries GOLD COAST HOUSE SALES tentatively pick up. BRISBANE SURROUNDS UNIT SALES <$350,000 <$500,000 <$1m $1m+ The median house price in Logan increased 1.4 per cent to <$250,000BRISBANE CITY <$500,000 20 <$350,000 LAND SALES <$1m $1m+ $360,000 over the quarter. The Logan market was impacted <$250,000 376 <$350,000 318 37 DEC 10 DEC 1 <$500,000 $500,000+ by lower buyer activity over the quarter mainly due to lower 24 98 DEC 10 172 79 31 4 DEC 1 first home buyer numbers. Agents are currently reporting DEC 10 SEP 10 14 27 43329 12 332 49 DEC 1 a continuation of flat market conditions with many people SEP 1 happy to sit on the sidelines. SEP 10 20 113 231 71 38 SEP 1 SEP 10 JUN 10 38 417 54 34 36415 54 SEP 1 JUN 1 With indications that the rental market will firm up, investors are expected to start coming back into the Logan market. Also, JUN 10 102 224 110 45 0 JUN 1 JUN 10 54 49 36 15 JUN 1 as there were very few properties in the area affected by the INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL floods, there haven’t been any queries regarding flood levels. SUNSHINE COAST HOUSE SALES The median house price in Moreton Bay decreased 1.5 per cent GOLD COAST UNIT SALES <$350,000 <$500,000 <$1m $1m+ to $390,000 over the period, while the median house price in BRISBANE SURROUNDS LAND SALES <$250,000 <$350,000 <$500,000 <$1m $1m+ Redland City increased 0.3 per cent to $452,000. 49 15 <$250,000 <$350,000 <$500,000 $500,000+ DEC 10 307 178 DEC 1 The median unit and townhouse price in Logan increased 3.3 DEC 10 116 68 291 269 178 61 DEC DEC 10 277 76 17 14 26 DEC 1 per cent to $263,500 over the quarter partly driven by sales of SEP 10 322 189 SEP 1 new stock in both Beenleigh and Springwood. 104 374 SEP 10 282 191 50 SEP SEP 10 46 436 77 12 840 SEP 1 The median unit and townhouse price in Redland City JUN 10 348 226 JUN 1 increased 7.7 per cent to $350,000 over the period, but JUN 10 123 428 405 258 46 JUN again this was impacted by sales of new waterfront stock in JUN 10 417 96 27 3 JUN 1 Cleveland. INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL Vacant land prices SUNSHINE COAST UNIT SALES GOLD COAST LAND SALES Similar to the house market, the decline in first home buyers compared to a year ago has seen a corresponding decline in Median rents <$250,000 <$250,000 <$350,000 <$350,000 <$500,000 <$500,000 <$1m $1m+ $500,000+ vacant land sales as demand from this segment of the market TheDEC 1010 58 11 7 a16 median 20 for 125 DEC rent three-bedroom house in Moreton Bay 102 84 15 DEC 1 DEC has returned to pre boost levels. increased $10 to $320 per week between December 2010 and December 2009.52 median rent for a three-bedroom house SEP 10 The 25 16 SEP 1 Despite this, median prices have held steady across most areas SEP 10 46 140 99 77 24 SEP in Ipswich increased $5 to $280 per week over the same period. with Ipswich up 0.5, Logan up 12.7 and Moreton Bay up 2.6 per The median rent for a two-bedroom unit in Logan increased cent over the quarter. New land estates in the Logan area have JUN 10 83 41 8 14 JUN 1 $10JUN 10 45per week over the year.146 to $250 139 87 19 JUN helped boost the median price, while varying quality of lots on both the bay islands and the mainland area saw the Redland City median decline 4.8 per cent over the quarter. The Ipswich rental market was significantly impacted by the SUNSHINE COAST LAND SALES floods in January. Local agents reported tight conditions in <$250,000 multiple viewings of available $500,000+ early February with <$350,000 <$500,000 rentals. What vacancies there were, were being quickly leased by displaced home36 24 19 6 DEC 10 DEC owners and tenants. While many people have been looking for a rental property as close to their previous residence as possible, some have 18 9 SEP 10 39 18 been forced to look at the SEP 1 next closest option. JUN 10 52 47 15 11 JUN Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 9 www.reiq.com.au
  • 10. QUEENSLAND MAR K ET MONITORContents BRIsBAne sURRoUnDs MEDIAN SALES DATA MEDIAN SALES DATA Suburb/ Number of Dec change 12 mths to change change Suburb/ Number of Dec change 12 mths to change change Locality Sales Dec Qtr over the end of over over Locality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs Qtr 2010 2010 qtr Dec 2010 1yr 5yrs HOUSES HOUSES continued IPSWICH CITY (LGA) ~ 322 $310,000 0.0% $318,000 -0.6% 42.6% NEW BEITH ^ 9 $535,000 1.1% $532,500 0.3% 40.7% IPSWICH CITY (LGA) ^ 29 $530,000 6.0% $500,000 4.2% 39.0% REGENTS PARK 35 $380,000 5.0% $370,000 2.8% 42.3% AUGUSTINE HEIGHTS * 4 N/A N/A $591,000 8.4% N/A ROCHEDALE SOUTH 37 $405,000 -0.2% $419,000 4.8% 47.0% BELLBIRD PARK ~ 13 $305,000 -2.6% $316,500 -4.1% 47.2% SHAILER PARK ~ 26 $493,690 14.3% $470,000 2.7% 32.6% BOOVAL 6 N/A N/A $288,000 -0.2% 45.8% SLACKS CREEK ~ 11 $282,000 -9.0% $305,000 0.0% 45.2% BRASSALL ~ 14 $382,500 27.5% $335,000 1.7% 34.0% SPRINGWOOD 17 $410,000 -2.5% $421,500 2.6% 38.2% BUNDAMBA ~ 12 $294,000 4.3% $279,501 -1.2% 36.3% TANAH MERAH ~ 7 $390,000 0.6% $398,000 -0.5% 33.6% CAMIRA ~ 16 $339,000 10.2% $351,000 0.6% 40.4% UNDERWOOD ~ 12 $410,000 -8.6% $445,000 9.6% 55.3% COLLINGWOOD PARK ~ 11 $287,500 -10.2% $316,500 -2.6% 24.1% WATERFORD ~ 10 $371,000 -8.8% $394,750 -1.3% N/A EAST IPSWICH ~ 2 N/A N/A $270,000 -3.6% 43.2% WATERFORD WEST 6 N/A N/A $320,000 -2.4% 45.5% EASTERN HEIGHTS 10 $287,000 3.4% $283,000 1.1% 46.6% WINDAROO + ~ 13 $440,000 18.0% $440,000 1.0% 39.7% FLINDERS VIEW ~ 17 $345,000 -9.8% $373,000 -5.0% 51.8% WOODRIDGE 11 $277,000 0.7% $271,100 0.4% 51.5% GOODNA ~ 18 $312,500 18.8% $300,000 1.4% 51.5% IPSWICH ~ 8 $274,500 -12.2% $320,000 -3.6% 28.9% MORETON BAY (LGA) 765 $390,000 -1.5% $400,000 4.3% 40.4% KARALEE ^ ~ 4 N/A N/A $509,250 -4.5% 28.9% MORETON BAY (LGA) ^ ~ 97 $560,000 -8.2% $600,500 5.4% 36.5% LEICHHARDT 4 N/A N/A $246,500 -0.2% 40.9% ALBANY CREEK ~ 29 $519,000 -4.8% $526,000 9.6% 44.1% NEWTOWN 5 N/A N/A $340,000 5.4% 52.1% ARANA HILLS 14 $445,000 -2.8% $461,500 6.1% 42.0% NORTH BOOVAL ~ 2 N/A N/A $280,000 -4.8% 46.2% BANKSIA BEACH ~ f 17 $410,000 -11.8% $480,000 3.1% 13.7% NORTH IPSWICH ~ 9 $325,000 16.5% $294,000 3.2% 43.4% BEACHMERE ~ f 6 N/A N/A $350,000 -1.5% 38.1% ONE MILE 5 N/A N/A $255,000 4.1% 45.7% BELLARA 5 N/A N/A $337,500 0.7% 20.2% RACEVIEW 21 $310,000 3.3% $319,500 1.4% 41.4% BELLMERE 9 $365,000 6.7% $361,516 0.4% 28.7% REDBANK PLAINS ~ 28 $290,000 -1.7% $300,000 -4.8% 45.3% BONGAREE ~ f * 16 $366,500 -22.8% $402,000 6.6% 19.1% RIVERVIEW ~ 7 $245,000 N/A $250,000 -3.1% 54.3% BRAY PARK 25 $350,000 -3.2% $365,000 -0.3% 43.1% ROSEWOOD ~ 5 N/A N/A $279,000 9.0% 43.1% BUNYA ^ 1 N/A N/A $815,000 N/A N/A SADLIERS CROSSING ~ 5 N/A N/A $292,500 -2.5% 46.3% BURPENGARY 19 $370,000 -0.6% $379,500 2.6% 45.4% SILKSTONE ~ 11 $250,000 -10.7% $279,000 1.1% 39.5% BURPENGARY ^ ~ 19 $530,000 -5.4% $540,000 0.4% 34.2% SPRINGFIELD ~ 10 $409,500 12.2% $388,350 5.7% 31.6% CABOOLTURE 32 $306,000 -2.6% $316,000 3.6% 42.5% SPRINGFIELD LAKES * 25 $403,000 3.6% $402,250 0.8% 32.8% CABOOLTURE ^ ~ 5 $429,000 -13.3% $481,000 3.4% 36.6% YAMANTO 10 $350,000 4.5% $347,500 -0.7% 29.3% CABOOLTURE SOUTH 13 $297,500 -3.1% $292,500 0.2% 46.3% CASHMERE ^ 5 N/A N/A $562,500 5.1% 28.7% LOGAN CITY (LGA) 452 $360,000 1.4% $363,000 3.7% 51.3% CASHMERE 3 N/A N/A $732,500 4.6% 39.5% LOGAN CITY (LGA) ^ ~ 114 $507,500 3.9% $518,000 3.2% 32.8% CLONTARF 24 $372,500 1.2% $365,000 -0.8% 35.2% BEENLEIGH 12 $318,262 6.4% $327,000 -0.9% 39.1% DECEPTION BAY ~ 42 $317,500 2.4% $319,000 -1.8% 35.7% BERRINBA * 12 $399,950 N/A $406,900 4.3% N/A EATONS HILL 19 $512,500 3.5% $512,500 -0.5% 31.4% BETHANIA 10 $296,000 N/A $309,000 -2.4% 37.3% EATONS HILL ^ 1 N/A N/A $705,000 N/A N/A BORONIA HEIGHTS 14 $330,000 5.6% $316,500 -0.2% 40.7% ELIMBAH ^ ~ 7 $460,000 N/A $487,500 -2.0% 25.8% BROWNS PLAINS ~ 14 $306,000 -5.8% $315,000 -2.3% 43.2% EVERTON HILLS ~ 13 $510,000 13.3% $475,000 9.4% 55.7% CEDAR GROVE ^ ~ 7 $370,000 -5.7% $390,000 -7.9% 25.8% FERNY HILLS 22 $441,500 -3.0% $460,000 6.0% 49.7% CEDAR VALE ^ 11 $480,000 8.5% $446,250 5.1% 41.7% GRIFFIN 4 N/A N/A $410,000 2.5% 33.9% CORNUBIA ~ 9 $543,000 23.4% $493,000 4.9% 35.1% HIGHVALE ^ 2 N/A N/A $788,750 N/A 32.8% CRESTMEAD 23 $307,000 -3.3% $315,000 0.0% 52.2% JOYNER 6 N/A N/A $477,500 6.1% N/A DAISY HILL ~ 13 $383,000 -12.5% $420,000 7.7% 44.8% KALLANGUR 48 $345,000 0.0% $352,500 0.7% 41.0% EAGLEBY 14 $284,750 3.2% $292,750 2.0% 55.3% KIPPA-RING 23 $340,000 -1.4% $365,250 0.1% 32.8% EDENS LANDING ~ 15 $365,000 15.9% $361,000 1.4% 33.7% LAWNTON ~ 7 $347,500 -5.4% $348,000 0.9% 39.2% FORESTDALE ^ ~ 7 $615,000 -10.9% $667,500 12.9% 41.7% MANGO HILL ~ 5 N/A N/A $450,500 -1.4% 32.5% GREENBANK ^ ~ 13 $541,000 13.9% $520,000 0.2% 33.5% MARGATE ~ 16 $375,000 -6.3% $400,000 12.1% 47.9% HERITAGE PARK 13 $386,000 6.9% $413,500 3.6% 29.2% MORAYFIELD ~ 31 $322,500 -2.3% $330,000 -2.1% 31.3% HILLCREST 19 $342,500 -2.1% $340,000 2.3% 47.8% MORAYFIELD ^ ~ 6 $555,000 3.9% $550,000 -2.7% 32.2% JIMBOOMBA ~ 9 $365,000 1.4% $386,000 -6.7% 54.4% MURRUMBA DOWNS 24 $427,000 -3.0% $450,000 5.9% 40.1% JIMBOOMBA ^ 18 $475,000 6.1% $485,000 7.4% 42.6% NARANGBA 47 $410,000 -0.5% $431,500 0.3% 32.4% KINGSTON ~ 11 $263,000 -8.8% $280,000 -3.1% 53.4% NEWPORT ~ f 7 $815,000 -1.2% $850,000 13.3% N/A LOGAN CENTRAL 7 $280,000 -3.1% $275,000 0.0% 51.5% NINGI ^ 3 N/A N/A $520,000 8.9% 36.3% LOGAN VILLAGE ^ 4 N/A N/A $512,500 2.0% 28.1% NORTH LAKES ~ * 81 $450,000 2.3% $452,500 2.0% N/A LOGANHOLME 17 $385,000 0.8% $376,000 5.9% 38.2% PETRIE ~ 19 $345,000 -11.3% $387,000 3.3% 43.3% LOGANLEA 11 $318,000 0.6% $320,000 3.2% 49.2% REDCLIFFE ~ 28 $366,000 -10.6% $380,000 8.3% 38.2% MARSDEN 24 $320,000 1.7% $324,000 2.9% 47.3% ROTHWELL 9 $426,000 10.6% $385,000 1.3% 17.5% MOUNT WARREN PARK ~ 12 $336,500 -8.8% $371,000 6.0% 39.2% SAMFORD VALLEY ^ 3 N/A N/A $840,000 5.0% 37.6% MUNDOOLUN ^ ~ 6 $498,000 10.1% $493,000 4.2% N/A SANDSTONE POINT ~ 8 $366,500 -4.8% $395,000 0.0% 25.2% MUNRUBEN ^ 2 N/A N/A $520,000 4.6% 33.3% SCARBOROUGH ~ f 19 $440,000 -8.3% $465,000 8.1% 14.8% Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 10 www.reiq.com.au
  • 11. BRIsBAne sURRoUnDs MEDIAN SALES DATA MEDIAN SALES DATA Suburb/ Number of Dec change 12 mths to change change Suburb/ Number of Dec change 12 mths to change change Locality Sales Dec Qtr over the end of over over Locality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs Qtr 2010 2010 qtr Dec 2010 1yr 5yrs HOUSES continued UNITS & TOWNHOUSES continued STRATHPINE 13 $362,000 6.5% $350,000 0.9% 43.4% STRATHPINE 5 N/A N/A $289,000 2.7% N/A UPPER CABOOLTURE ^ ~ 5 $507,000 -9.5% $525,000 -2.4% N/A WOODY POINT * f 8 $260,000 N/A $465,000 22.4% 59.0% WARNER 21 $480,000 1.1% $480,000 7.3% 39.1% WARNER ^ 5 $590,000 N/A N/A N/A N/A REDLAND CITY (LGA) * f 59 $350,000 7.7% $352,250 0.6% 38.1% WOODFORD ~ 4 N/A N/A $313,000 -2.2% N/A CAPALABA * 7 $312,500 N/A $305,000 0.0% 41.9% WOODY POINT ~ f 8 $345,000 -22.5% $397,000 7.3% 44.4% CLEVELAND * f 17 $387,500 21.1% $381,250 -7.0% 38.6% WOORIM 6 N/A N/A $445,000 7.2% 18.3% ORMISTON 4 N/A N/A $347,500 0.7% 36.3% THORNESIDE ~ 6 N/A N/A $295,000 -4.8% 40.5% REDLAND CITY (LGA) 375 $452,000 0.3% $470,000 4.4% 35.4% VICTORIA POINT ~ * 4 N/A N/A $374,000 18.7% 70.8% REDLAND CITY (LGA) ^ ~ 15 $750,000 -14.3% $810,000 -2.6% 24.6% ALEXANDRA HILLS 48 $412,500 0.0% $415,000 3.5% 43.1% VACANT URBAN LAND BIRKDALE 34 $452,500 4.4% $470,000 4.4% 32.4% IPSWICH CITY (LGA) 105 $179,900 0.5% $178,250 3.0% 29.2% CAPALABA 36 $398,750 -0.6% $410,000 0.7% 36.9% IPSWICH CITY (LGA) ^ * 8 N/A N/A $266,000 11.3% 43.0% CAPALABA ^ 3 N/A N/A $820,000 8.6% N/A AUGUSTINE HEIGHTS * 11 $234,500 2.0% $232,000 3.6% 20.5% CLEVELAND ~ 29 $545,000 13.0% $532,500 5.4% 33.1% BELLBIRD PARK * 3 N/A N/A $240,000 23.1% N/A MACLEAY ISLAND ~ 10 $250,000 13.6% $235,000 -2.1% 14.6% BRASSALL ~ * 9 $179,000 13.7% $177,250 1.3% 25.3% MOUNT COTTON * 24 $453,450 9.3% $468,900 2.9% 45.8% BROOKWATER + * ~ 1 N/A N/A $303,000 -1.0% 28.9% ORMISTON f 16 $531,000 -2.4% $600,000 6.2% 23.7% CHUWAR 2 N/A N/A $199,000 2.1% N/A REDLAND BAY 40 $483,500 -1.3% $499,000 2.9% 34.7% GOODNA * 11 $180,000 N/A $175,000 2.9% 24.2% RUSSELL ISLAND ~ f 12 $169,000 -2.9% $225,000 2.3% 41.5% KARALEE ^ * 2 N/A N/A $264,000 3.7% 32.2% THORNESIDE ~ f 8 $501,000 20.7% $490,000 15.3% 39.0% LEICHHARDT ~ * 2 N/A N/A $173,450 N/A N/A THORNLANDS 31 $545,000 9.5% $547,500 2.8% 31.3% NORTH BOOVAL * 6 $195,000 N/A $195,000 10.2% N/A THORNLANDS ^ 5 $705,000 N/A $848,500 N/A 33.6% RACEVIEW * 3 N/A N/A $173,000 12.3% 23.6% VICTORIA POINT ~ 42 $459,500 -2.2% $479,250 4.4% 33.1% REDBANK PLAINS * 23 $175,000 -2.8% $175,000 2.9% 0.0% WELLINGTON POINT ~ f 35 $540,000 -2.3% $557,500 8.8% 35.6% SPRINGFIELD * 3 N/A N/A $175,000 N/A 6.1% SPRINGFIELD LAKES ~ * 20 $179,450 -7.3% $176,500 5.1% 57.6% UNITS & TOWNHOUSES WULKURAKA * 2 N/A N/A $190,000 N/A N/A IPSWICH CITY (LGA) - * 24 $255,000 -0.8% $255,000 0.0% 44.5% BRASSALL 5 N/A N/A $290,000 5.5% 48.9% LOGAN CITY (LGA) ~ * 60 $231,000 12.7% $210,450 1.2% 40.3% RACEVIEW * 4 N/A N/A $254,000 N/A N/A LOGAN CITY (LGA) ^ * 14 N/A N/A $260,500 9.5% 57.9% BAHRS SCRUB * 15 $235,000 -1.7% $239,000 N/A N/A LOGAN CITY (LGA) 120 $263,500 3.3% $263,000 0.4% 68.6% CRESTMEAD * 1 N/A N/A $202,500 N/A 39.7% BEENLEIGH * 8 $228,000 4.6% $228,000 -3.0% 68.9% DAISY HILL * 3 N/A N/A $350,000 1.4% N/A BORONIA HEIGHTS * 1 N/A N/A $180,000 N/A -21.7% GREENBANK ^ * 4 N/A N/A $259,500 10.4% 56.3% EAGLEBY * 7 $248,500 0.2% $252,000 -19.5% 88.1% HILLCREST * 3 N/A N/A $215,000 8.3% N/A LOGAN CENTRAL 8 $230,000 N/A $207,500 9.2% 68.0% HOLMVIEW * 2 N/A N/A $211,900 1.0% N/A ROCHEDALE SOUTH 2 N/A N/A $288,750 3.1% 56.1% JIMBOOMBA ^ ~ * 1 N/A N/A $216,000 9.1% 41.2% SHAILER PARK ~ 5 N/A N/A $300,000 -0.2% 57.9% LOGANHOLME * 7 $289,000 N/A N/A N/A N/A SLACKS CREEK 11 $244,000 N/A $240,000 0.0% 51.9% LOGANLEA * 0 N/A N/A $225,000 15.4% 47.1% SPRINGWOOD * 7 $280,000 5.7% $279,000 -1.1% 55.0% MARSDEN * 4 N/A N/A $195,000 3.1% 33.6% UNDERWOOD * 8 $387,200 N/A $382,500 3.7% 101.3% NEW BEITH ^ * 2 N/A N/A $259,000 3.6% 54.2% WOODRIDGE * 14 $210,000 -7.3% $220,000 9.2% 76.0% UNDERWOOD * 3 N/A N/A $334,000 0.5% 55.3% WATERFORD * 11 $202,000 2.0% $189,000 15.2% 40.0% MORETON BAY (LGA) - 167 $325,900 1.8% $329,950 3.1% 37.5% ALBANY CREEK * 8 $382,500 N/A N/A N/A N/A MORETON BAY (LGA) ~ * f 128 $205,000 2.6% $204,000 -0.5% 20.7% BONGAREE * f 7 $280,000 -28.2% $355,000 14.5% 30.5% MORETON BAY (LGA) ^ * 20 $369,000 10.1% $356,250 -4.4% 29.5% BRENDALE ~ 6 N/A N/A $290,750 3.3% 41.8% BANKSIA BEACH + * f 5 $280,000 -24.3% $340,500 -17.8% -38.1% BURPENGARY * 8 $266,500 -15.4% $305,000 9.0% 27.3% BELLMERE * 2 N/A N/A $189,500 -2.8% N/A CABOOLTURE * 3 N/A N/A $235,000 -17.4% 95.8% CABOOLTURE * 32 $192,750 0.7% $195,000 4.3% 28.3% CLONTARF * 6 N/A N/A $321,200 -5.5% 29.0% CASHMERE * 3 N/A N/A $320,000 8.5% 82.3% DECEPTION BAY * 7 $263,000 N/A $265,000 1.8% 10.9% DAKABIN * 5 $205,000 -6.8% $209,950 N/A N/A KALLANGUR * ~ 10 $295,000 1.7% $312,500 -9.6% 33.0% FERNY HILLS * 2 N/A N/A $350,000 N/A N/A KIPPA-RING * 15 $335,000 0.0% $335,000 1.1% 41.9% GRIFFIN 2 N/A N/A $209,500 2.2% N/A MARGATE * 3 N/A N/A $353,500 -8.8% 15.4% KALLANGUR * 2 N/A N/A $207,900 10.6% 38.6% MORAYFIELD 2 N/A N/A $267,500 12.4% 64.6% MANGO HILL ~ * 1 N/A N/A $216,000 -10.0% 29.3% MURRUMBA DOWNS * 12 $337,500 -1.5% $337,500 N/A 27.8% MORAYFIELD * 18 $190,000 0.0% $193,000 1.6% 28.7% NINGI * 5 N/A N/A $339,900 N/A N/A MURRUMBA DOWNS ~ * 3 N/A N/A $205,000 -28.7% 13.9% REDCLIFFE * f 16 $411,000 -1.0% $387,000 17.3% 30.3% NARANGBA * 14 $224,500 -3.2% $227,450 -1.1% 33.4% SCARBOROUGH * f 14 $365,000 -18.0% $410,000 0.0% 3.8% NINGI 2 N/A N/A $231,900 3.1% N/A Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 11 www.reiq.com.au
  • 12. QUEENSLAND MAR K ET MONITORContents BRIsBAne sURRoUnDs MEDIAN SALES DATA MEDIAN WEEKLY RENTS Suburb/ Number of Dec change 12 mths to change change Suburbs/ Dec Qtr 2010 Dec Qtr 2009 Postcode Locality Sales Dec Qtr over the end of over over Localities Rent New Rent New Qtr 2010 2010 qtr Dec 2010 1yr 5yrs ($) Bonds ($) Bonds VACANT URBAN LAND continued 3 BEDROOM HOUSES continued NORTH LAKES * 8 $253,000 17.0% $212,000 6.5% N/A 4514 DAguilar/ Delaneys Ck/ Neurum/ Woodford/ etc. $290 18 $290 10 SAMFORD VALLEY ^ * 1 N/A N/A $490,000 -6.7% 32.4% Pine Rivers Region $350 350 $340 295 WARNER * 24 $235,000 4.0% $239,000 3.9% 42.3% 4035 Albany Creek/ Bridgeman Downs $380 26 $360 26 4037 Eatons Hill $410 6 $425 7 REDLAND CITY (LGA) ³ ~ * 47 $60,000 -4.8% $190,250 -19.0% -1.4% 4055 Bunya/ Ferny Grove/ Ferny Hills/ Upper Kedron $375 41 $370 29 Redland City - Bay Islands ~ f 29 $35,000 -12.5% $40,000 -18.8% 5.3% 4500 Bray Park/ Cashmere/ Strathpine/ Warner/ etc. $350 56 $330 67 Redland City - Mainland * f 18 $291,500 -6.0% $295,000 13.5% 28.3% 4501 Lawnton $335 18 $330 15 BIRKDALE 2 N/A N/A $300,000 0.8% 36.4% 4502 Petrie $320 28 $320 18 MACLEAY ISLAND f 3 N/A N/A $53,000 -3.6% -3.6% 4503 Dakabin/ Griffin/ Kallangur/ Murrumba Downs/ etc. $330 87 $320 74 MOUNT COTTON * 2 N/A N/A $257,000 7.1% 31.5% 4509 Mango Hill/ North Lakes $350 73 $350 45 REDLAND BAY * 5 $270,000 N/A $300,000 15.4% 39.5% 4520 Camp Mountain/ Highvale/ Samford Village/ etc. $440 6 $465 9 RUSSELL ISLAND * 23 $34,700 -0.9% $36,000 -10.0% 20.0% 4521 Dayboro/ Mt Pleasant/ Ocean View/ etc. $380 9 $350 5 THORNLANDS * 2 N/A N/A $285,000 14.9% 24.5% Redcliffe Region $320 235 $310 213 VICTORIA POINT ~ * 2 N/A N/A $264,000 -2.9% 20.0% 4019 Clontarf/ Margate/ Woody Point $320 106 $320 85 WELLINGTON POINT ~ * f 2 N/A N/A $330,000 -1.5% 0.0% 4020 Redcliffe/ Scarborough $320 84 $310 90 4021 Kippa-Ring $330 32 $305 30 4022 Rothwell $300 13 $315 8 MEDIAN WEEKLY RENTS REDLAND CITY COUNCIL AREA $350 335 $350 360 Suburbs/ Dec Qtr 2010 Dec Qtr 2009 4157 Capalaba/ Capalaba West/ Sheldon $360 37 $360 29 Postcode Localities Rent New Rent New 4158 Thorneside $370 9 $355 15 ($) Bonds ($) Bonds 4159 Birkdale $360 35 $350 30 3 BEDROOM HOUSES 4160 Ormiston/ Wellington Point $365 36 $380 41 IPSWICH CITY COUNCIL AREA $280 718 $270 720 4161 Alexandra Hills $355 48 $360 54 4300 Brookwater/ Camira/ Springfield Lakes/ etc. $310 159 $300 176 4163 Cleveland $370 42 $370 48 4301 Collingwood Park/ Redbank/ Redbank Plains $290 109 $280 88 4164 Thornlands $370 12 $360 16 4303 Dinmore/ Riverview $250 22 $250 24 4165 Mt Cotton/ Redland Bay/ Victoria Point/ etc. $365 47 $350 56 4304 Blackstone/ Bundamba/ Silkstone/ etc. $270 74 $260 72 4184 Coochiemudlo Is/ Macleay Is/ Russell Is/ etc. $220 65 $225 67 4305 Brassall/ Leichhardt/ Raceview/ Yamanto/ etc. $270 283 $265 297 4306 Barellan Point/ Karalee/ Willowbank/ etc. $320 52 $275 36 2 BEDROOM FLATS/UNITS 4340 Ebenezer/ Grandchester/ Rosewood/ etc. $265 19 $260 24 IPSWICH CITY COUNCIL AREA $230 147 $230 106 4300 Brookwater/ Camira/ Springfield Lakes/ etc. $220 28 $230 19 LOGAN CITY COUNCIL AREA $320 847 $320 851 4301 Collingwood Park/ Redbank/ Redbank Plains $250 36 $240 26 4114 Kingston/ Logan Central/ Woodridge $295 130 $300 135 4304 Blackstone/ Bundamba/ Silkstone/ etc. $230 19 $220 18 4118 Browns Plains/ Heritage Park/ Regents Park/ etc. $325 101 $320 101 4305 Brassall/ Leichhardt/ Raceview/ Yamanto/ etc. $210 62 $200 40 4119 Underwood $360 14 $320 7 4123 Rochedale/ Rochedale South $350 59 $340 47 LOGAN CITY COUNCIL AREA $250 220 $240 236 4124 Boronia Heights/ Greenbank/ New Beith/ etc. $310 38 $335 43 4114 Kingston/ Logan Central/ Woodridge $240 72 $230 100 4125 Munruben/ Park Ridge/ Park Ridge South² $430 8 $415 7 4118 Browns Plains/ Heritage Park/ Regents Park/ etc. $265 8 4127 Daisy Hill/ Slacks Creek/ Springwood/ etc. $345 90 $345 78 4127 Daisy Hill/ Slacks Creek/ Springwood/ etc. $280 19 $280 33 4128 Shailer Park/ Tanah Merah $360 37 $360 34 4128 Shailer Park/ Tanah Merah $280 10 $275 6 4129 Loganholme $345 21 $330 34 4131 Loganlea/ Meadowbrook $260 8 $235 5 4130 Carbrook/ Cornubia $360 14 $350 14 4132 Crestmead/ Marsden $240 8 $220 7 4131 Loganlea/ Meadowbrook $330 24 $320 30 4133 Chambers Flat/ Logan Reserve/ Waterford/ etc. $240 10 $240 8 4132 Crestmead/ Marsden $310 86 $310 75 4207 Beenleigh/ Eagleby/ Mt Warren Park/ etc. $250 72 $240 63 4133 Chambers Flat/ Logan Reserve/ Waterford/ etc. $340 35 $335 19 4205 Bethania $310 15 $310 28 MORETON BAY REGIONAL COUNCIL AREA $260 448 $260 441 4207 Beenleigh/ Eagleby/ Mt Warren Park/ etc. $310 154 $300 173 Caboolture Region $250 165 $250 162 4280 Jimboomba/ North Maclean/ South Maclean/ etc. $360 21 $360 26 4505 Burpengary $250 9 n.a. 4 4506 Moorina/ Morayfield $250 16 $240 5 MORETON BAY REGIONAL COUNCIL AREA $320 1,047 $310 954 4507 Banksia Beach/ Bellara/ Bongaree/ Woorim/ etc. $250 44 $245 58 Caboolture Region $290 462 $290 446 4508 Deception Bay $285 13 $280 32 4504 Narangba $320 22 $340 20 4510 Beachmere/ Caboolture/ Upper Caboolture/ etc. $245 76 $250 60 4505 Burpengary $330 17 $310 29 Pine Rivers Region $275 77 $275 101 4506 Moorina/ Morayfield $280 58 $290 54 4500 Bray Park/ Cashmere/ Strathpine/ Warner/ etc. $280 29 $280 37 4507 Banksia Beach/ Bellara/ Bongaree/ Woorim/ etc. $310 55 $320 56 4501 Lawnton $270 15 $250 12 4508 Deception Bay $290 81 $290 94 4503 Dakabin/ Griffin/ Kallangur/ Murrumba Downs/ etc. $275 24 $280 44 4510 Beachmere/ Caboolture/ Upper Caboolture/ etc. $280 179 $275 158 Redcliffe Region $250 206 $250 178 4511 Godwin Beach/ Ningi/ Sandstone Pt $300 26 $320 16 4019 Clontarf/ Margate/ Woody Point $245 80 $250 82 Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 12 www.reiq.com.au
  • 13. BRIsBAne sURRoUnDs MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS Suburbs/ Dec Qtr 2010 Dec Qtr 2009 Suburbs/ Dec Qtr 2010 Dec Qtr 2009 Postcode Postcode Localities Rent New Rent New Localities Rent New Rent New ($) Bonds ($) Bonds ($) Bonds ($) Bonds 2 BEDROOM FLATS/UNITS continued 3 BEDROOM TOWNHOUSES continued 4020 Redcliffe/ Scarborough $270 114 $250 93 MORETON BAY REGIONAL COUNCIL AREA $320 394 $314 272 4021 Kippa-Ring $255 11 n.a. 3 Caboolture Region $295 96 $290 103 4505 Burpengary $290 20 $290 18 REDLAND CITY COUNCIL AREA $300 105 $310 79 4506 Moorina/ Morayfield $295 5 n.a. 2 4157 Capalaba/ Capalaba West/ Sheldon $285 15 $290 10 4508 Deception Bay $290 41 $290 47 4159 Birkdale $290 7 n.a. 3 4510 Beachmere/ Caboolture/ Upper Caboolture/ etc. $285 20 $290 25 4160 Ormiston/ Wellington Point $178 9 $320 5 Pine Rivers Region $330 176 $330 100 4161 Alexandra Hills $295 6 $280 5 4035 Albany Creek/ Bridgeman Downs $350 11 $350 7 4163 Cleveland $340 46 $350 41 4055 Bunya/ Ferny Grove/ Ferny Hills/ Upper Kedron $350 6 n.a. 4 4165 Mt Cotton/ Redland Bay/ Victoria Point/ etc. $140 16 n.a. 4 4500 Bray Park/ Cashmere/ Strathpine/ Warner/ etc. $320 35 $324 33 4503 Dakabin/ Griffin/ Kallangur/ Murrumba Downs/ etc. $330 91 $330 42 3 BEDROOM TOWNHOUSES 4509 Mango Hill/ North Lakes $320 28 $340 10 IPSWICH CITY COUNCIL AREA $300 91 $295 74 Redcliffe Region $325 122 $320 69 4300 Brookwater/ Camira/ Springfield Lakes/ etc. $335 29 $320 20 4020 Redcliffe/ Scarborough $325 18 $330 18 4301 Collingwood Park/ Redbank/ Redbank Plains $280 29 $290 28 4021 Kippa-Ring $325 84 $315 20 4304 Blackstone/ Bundamba/ Silkstone/ etc. $300 19 $300 12 4022 Rothwell $305 16 $295 16 4305 Brassall/ Leichhardt/ Raceview/ Yamanto/ etc. $290 12 $280 11 REDLAND CITY COUNCIL AREA $355 85 $360 65 LOGAN CITY COUNCIL AREA BRISBANE CITY HOUSE SALES $320 240 $315 253 4157 TOOWOOMBA HOUSE SALES Capalaba/ Capalaba West/ Sheldon $335 14 $345 8 4114 Kingston/ Logan Central/ Woodridge $310 19 $290 43 4158 Thorneside $355 7 n.a. 3 4118 <$350,000 <$500,000 Browns Plains/ Heritage Park/ Regents Park/ etc. <$1m $320 $1m+$330 43 36 4160 <$350,000 Ormiston/ Wellington Point <$500,000 $360 $500,000+ $360 13 15 4119 121 Underwood $395 8 $380 10 4163 Cleveland $370 26 $350 25 DEC 10 Rochedale/ Rochedale South 4123 799 1064 $330 9 147 n.a. 4 416510 Mt Cotton/ Redland Bay/ Victoria Point/ etc. DEC 230 $370 17 110 $360 27 11 4127 Daisy Hill/ Slacks Creek/ Springwood/ etc. 137 $310 37 $295 30 4128 Shailer Park/ Tanah Merah $325 10 $305 10 780 SEP 10 Loganlea/ Meadowbrook 4131 1177 $345 124 $350 27 21 SEP 10 266 97 16 4132 Crestmead/ Marsden 141 $310 8 $370 8 4133 Chambers Flat/ Logan Reserve/ Waterford/ etc. $295 13 $300 16 JUN 10 881 4207 Beenleigh/ Eagleby/ Mt Warren Park/ etc. 1373 $315 59 141 $320 67 JUN 10 272 88 13 GoLD CoAst CItY Median house and unit prices SALES BRISBANE SURROUNDS HOUSE REIQ accredited agents servicing HOUSE SALES FRASER COAST the region are noticing a slow <$350,000 <$500,000 <$1m $1m+ re-emergence of first home <$500,000 <$350,000 buyers back into the marketplace. $500,000+ Although preliminary sales numbers dropped over the quarter, Investors have also reappeared, although they are quite price it seems the Gold Coast local government area was bouncing sensitive and are looking for affordable40 lifestyle opportunities. DEC 10 718 885 291 20 DEC 10 147 7 back from last quarter’s movement in sales. The Gold Coast posted a 2.1 per cent median house price increase to $490,000 Hollywell and Highland Park were strong performing suburbs over10 December quarter. SEP the 815 1009 328 16 onSEP 10 Gold Coast this quarter. Both posted an increase to the the 156 51 9 median of 11.2 per cent and 10.7 per cent to $643,750 and Stage one of Queensland’s first light rail system, the Gold $465,000, respectively. Coast Rapid Transit system, has begun and is scheduled to 14 JUN 10 775 1111 424 JUN 10 182 48 15 start Passenger services in 2014. Residents see this project as a The unit and townhouse market experienced a 2.8 per cent positive step for IPSWICHGold Coast economy. INCLUDES REDLAND, LOGAN, the & MORETON BAY REGIONAL median price increase to $365,000 for the December quarter; however, the volume of preliminary sales was down. GOLD COAST HOUSE SALES The suburbs boasting waterfront properties and ocean views BUNDABERG HOUSE SALES <$350,000 <$500,000 <$1m $1m+ fared well for<$350,000 the quarter. Currumbin reported 16.9 per cent <$500,000 $500,000+ ($391,500) growth; Biggera Waters increased its median by 12.9 20 DEC 10 376 318 37 per cent to $350,000; and Southport recorded 12.2 per cent to DEC 10 154 39 9 $359,000. 24 Broadbeach was a standout performer posting the most SEP 10 433 332 49 number of preliminary unit 181 on the Gold Coast with a 42 8 SEP 10 sales 20 median increase of 2.9 per cent to $535,000. JUN 10 417 364 54 JUN 10 144 41 9 Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 13 www.reiq.com.au
  • 14. QUEENSLAND MAR K ET BRISBANE CITY UNIT SALES <$250,000 BRISBANE CITY LAND SALES TOOWOOMBA UNIT SALES <$350,000 <$500,000 $500,000+ MONITOR <$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$350,000 <$500,000 $500,000+ 34 DEC 10 14 27 29 12 DEC 10 260 511 239 46 DEC 10 43 23 23 DEC 10 41Contents SEP 10 38 54 34 15 GoLD CoAst CItY 265 628 SEP 10 270 37 SEP 10 45 26 7 2 SEP 10 44 JUN 10 54 49 36 15 Median vacant land prices JUN 10 254 684 282 47 Median rents JUN 10 47 22 5 2 JUN 10 The median vacant land price on the Gold Coast increased 20.8 The median rent for a three-bedroom house on the Gold Coast per cent, over the December quarter, to $280,000. Although remained unchanged at $400 per week between December the number of preliminary sales dropped over the quarter, new 2010 and December 2009. Likewise, the median rent for a two- BRISBANE SURROUNDS LAND SALES subdivisions with waterfront views helpedSALES the median BRISBANE SURROUNDS UNIT increase bedroomFRASER COAST UNIT SALESper week over the same unit was also stable on $340 <$250,000 <$350,000 <$500,000 $500,000+ price throughout the period. <$250,000 <$350,000 <$500,000 <$1m $1m+ period.<$250,000 <$350,000 <$500,000 $500,000+ Sales in Hope Island were behind this trend, with a median The 10 DEC median weekly277 for three-bedroom townhouses on the rent 76 17 14 ofDEC 10 98 172 79 31 4 $590,000, the suburb recorded a 50 per cent increase to Gold Coast increased2by $5 over the year to $365. DEC 10 16 8 1 DEC 10 preliminary sales numbers. Agents are reporting a reasonably strong rental market 12 8 SEP 10 436 77 the 113 231 71 38 Over 10 year, the median price for vacant land on the Gold SEP especially demand for14 SEP 10 20 4 6 houses. Units are still in demand, SEP 10 Coast increased 8.5 per cent to $255,000. although there is a substantial amount of stock still available on JUN 10 102 224 110 45 0 the 10 JUN JUN 10 rental market. 32 417 24 10 896 27 3 JUN 10 INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL GOLD COAST UNIT SALES BUNDABERG UNIT SALES SALES GOLD COAST LAND <$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$250,000 <$350,000 <$500,000 <$350,000 <$500,000 $500,000+ $500,000+ DEC 10 116 291 269 178 61 DEC 10 10 DEC 20 14 11 7 10 16 2 2 DEC 10 SEP 10 104 374 282 191 50 SEP 10 10 SEP 20 52 25 16 12 6 3 SEP 10 JUN 10 123 428 405 258 46 JUN 10 10 JUN 28 83 14 41 4 8 3 14 JUN 10 SUNSHINE COAST UNIT SALES GLADSTONE UNIT SALES MEDIAN SALES DATA <$250,000 <$350,000 <$500,000 <$1m $1m+ MEDIAN SALES DATA <$500,000 SALES SUNSHINE COAST LAND <$250,000 <$350,000 $500,000+ Suburb/ Number of Dec change 12 mths to change change Suburb/ <$250,000 <$350,000 Number of Dec <$500,000 to change 12 mths $500,000+ change change Locality Sales Dec Qtr over the end of over over Locality Sales Dec Qtr over the end of over over DEC 10 58 1252010 Qtr 2010 102 qtr 84 2010 Dec 15 1yr 5yrs DEC 10 13 13 Qtr 2010 2010 19qtr 6 Dec 2010 1yr 5yrs DEC 10 DEC 10 36 24 19 6 HOUSES HOUSES continued GOLD COAST CITY (LGA) SEP 10 46 140751 $490,000 99 2.1% 77$504,000 24 5.0% 26.0% SEP 10 ~ MIAMI 17 512 4 $604,500 6 13.1% $565,000 9.7% 36.1% SEP 10 GOLD COAST CITY (LGA) ^ 91 $660,000 -7.2% $720,000 7.1% 25.2% SEP 10 MOLENDINAR 39 6 18 N/A 18 N/A 9 $494,000 4.0% 22.4% ARUNDEL 22 $482,000 4.6% $465,000 0.0% 14.1% MUDGEERABA 27 $456,000 -4.3% $475,000 5.6% 30.1% JUN 10 ASHMORE 45 139 26 $475,000 1464.4% 87 $470,000 19 -0.4% 23.7% MUDGEERABA9 ~ JUN 10 ^ 9 7 14$586,000 5-27.7% $730,000 14.5% 25.9% JUN 10 BENOWA + * f 6 N/A N/A $760,000 10.1% 17.8% JUN 10 NERANG 52 14 $370,000 47 -0.4% $380,000 150.1% 11 26.7% BIGGERA WATERS ~ f 8 $447,000 -34.7% $495,000 -6.6% 17.9% NERANG ^ 6 $686,000 N/A $750,000 10.6% 17.2% BONOGIN ^ ~ 12 $575,500 -14.7% $651,000 -1.4% 27.6% ORMEAU 28 $449,500 5.1% $449,000 4.4% 23.7% BROADBEACH WATERS ~ f 24 $695,000 -5.4% $815,000 -4.1% 24.2% ORMEAU ^ 5 $659,500 2.5% $688,350 8.5% 27.5% BUNDALL ~ f 13 $1,230,000 34.1% $956,000 16.2% 44.0% OXENFORD 24 $438,750 -0.3% $460,000 4.8% 31.5% BURLEIGH HEADS ~ f 12 $557,500 17.4% $560,500 2.7% 10.4% PACIFIC PINES 35 $470,000 3.9% $465,000 2.2% 25.7% BURLEIGH WATERS 23 $545,000 -2.7% $570,000 3.6% 28.1% PALM BEACH ~ 27 $530,000 -5.4% $560,000 6.7% 30.2% CARRARA ~ f 23 $420,000 -0.5% $430,000 -3.8% 19.3% PARADISE POINT ¹ ~ f 11 $575,000 -1.7% $610,000 8.9% -0.8% CLEAR ISLAND WATERS ~ f 10 $659,000 N/A $751,000 -13.2% 2.2% PARKWOOD ~ 11 $456,000 -7.9% $492,500 4.2% 26.3% COOMBABAH ~ f 14 $390,000 -14.8% $443,000 6.4% 34.2% REEDY CREEK ~ 11 $700,000 14.0% $671,000 8.7% 56.0% COOMERA + * f 10 $537,500 -17.1% $558,000 -3.0% 5.3% ROBINA 48 $545,000 5.8% $545,000 2.8% 21.1% CURRUMBIN WATERS 15 $486,000 3.4% $490,000 2.1% 27.3% RUNAWAY BAY ~ f 10 $667,500 -20.1% $727,500 1.7% -8.2% ELANORA ~ 9 $485,000 -4.9% $534,000 7.9% 28.7% SOUTHPORT ~ f 25 $465,000 0.0% $475,000 4.4% 25.2% HELENSVALE + * f 38 $510,000 15.9% $505,750 1.2% 25.7% SOVEREIGN ISLAND * f 6 N/A N/A $2,235,000 -4.6% 20.8% HIGHLAND PARK 13 $465,000 10.7% $441,500 7.4% 35.8% SURFERS PARADISE f 6 N/A N/A $1,280,000 3.4% 6.7% HOLLYWELL 8 $643,750 11.2% $580,000 8.4% 31.4% TALLAI ^ ~ 5 $728,000 -4.8% $765,000 9.3% 25.4% HOPE ISLAND + * f ~ 7 $1,950,000 73.3% $1,250,000 13.6% 19.0% TALLEBUDGERA ^ ~ 7 $950,000 N/A $775,000 9.3% 40.1% LABRADOR 4 N/A N/A $433,250 3.2% 23.8% TALLEBUDGERA VALLEY ^ 1 N/A N/A $720,000 N/A 16.1% LOWER BEECHMONT 6 N/A N/A $386,000 10.0% 34.3% TUGUN ~ 17 $440,000 4.5% $450,000 -0.4% 13.9% MAUDSLAND 6 N/A N/A $455,500 4.9% 24.0% UPPER COOMERA 51 $412,500 1.1% $420,250 1.7% 27.6% MERMAID WATERS 21 $592,500 -3.7% $650,000 3.2% 24.4% VARSITY LAKES 32 $487,500 1.8% $491,000 5.6% 23.8% MERRIMAC 14 $409,000 N/A $415,000 0.0% 25.2% WORONGARY 5 N/A N/A $405,000 0.4% 23.5% Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 14 www.reiq.com.au
  • 15. GoLD CoAst CItY MEDIAN SALES DATA MEDIAN WEEKLY RENTS Suburb/ Number of Dec change 12 mths to change change Localities Dec Qtr 2010 Dec Qtr 2009 Postcode Locality Sales Dec Qtr over the end of over over Rent New Rent New Qtr 2010 2010 qtr Dec 2010 1yr 5yrs ($) Bonds ($) Bonds HOUSES continued 3 BEDROOM HOUSES WORONGARY ^ ~ 6 $722,250 -5.0% $730,000 17.7% 30.4% GOLD COAST CITY COUNCIL AREA $400 1,021 $400 1,012 4208 Jacobs Well/ Ormeau/ Ormeau Hills/ etc. $370 30 $350 24 UNITS & TOWNHOUSES 4209 Coomera/ Pimpama/ Upper Coomera/ Willow Vale $365 70 $360 66 GOLD COAST CITY (LGA) 915 $365,000 2.8% $375,000 4.1% 18.3% 4210 Guanaba/ Maudsland/ Oxenford/ Wongawallan $370 19 $380 22 ARUNDEL 6 N/A N/A $319,444 -0.2% 27.8% 4211 Carrara/ Highland Park/ Nerang/ Pacific Pines/ etc. $380 128 $380 117 ASHMORE ~ 8 $290,000 1.4% $310,000 -0.4% 25.1% 4212 Helensvale/ Hope Island $430 68 $440 48 BENOWA - * f 1 N/A N/A $370,000 -17.8% 27.6% 4213 Bonogin/ Mudgeeraba/ Tallai/ Worongary/ etc. $400 53 $400 54 BIGGERA WATERS ~ f 19 $350,000 12.9% $392,500 7.5% 51.0% 4214 Arundel/ Ashmore/ Molendinar/ Parkwood $410 97 $395 87 BILINGA 3 N/A N/A $500,000 4.0% 9.9% 4215 Labrador/ Southport $380 92 $380 101 BROADBEACH 74 $535,000 2.9% $474,000 4.3% 18.5% 4216 Biggera Waters/ Paradise Pt/ Runaway Bay/ etc. $390 81 $390 61 BROADBEACH WATERS 10 $433,250 N/A $440,000 6.4% 51.7% 4217 Benowa/ Main Beach/ Surfers Paradise/ etc. $480 40 $510 49 BUNDALL 3 N/A N/A $352,500 9.5% 39.3% 4218 Broadbeach/ Mermaid Beach/ Mermaid Wates/ etc. $490 79 $460 78 BURLEIGH HEADS 28 $361,125 -1.1% $410,000 3.1% 17.1% 4220 Burleigh Heads/ Burleigh Waters/ Miami $450 68 $425 70 BURLEIGH WATERS * 16 $345,000 -4.2% $357,500 -0.7% 23.3% 4221 Elanora/ Palm Beach $425 58 $400 60 CARRARA - * f 20 $408,500 -12.2% $427,000 14.8% 17.0% 4223 Currumbin/ Currumbin Valley/ Currumbin Waters $400 24 $430 23 CLEAR ISLAND WATERS - f 5 N/A N/A $410,500 5.5% 19.9% 4224 Tugun $370 8 $390 13 COOLANGATTA 27 $450,000 7.8% $470,000 6.8% 6.8% 4225 Bilinga/ Coolangatta $390 9 $365 7 COOMBABAH * f 18 $302,500 -5.5% $326,500 2.3% 33.3% 4226 Clear Island Waters/ Merrimac/ Robina $420 61 $420 85 COOMERA - f * 4 N/A N/A $339,950 13.4% 43.7% 4227 Reedy Creek/ Varsity Lakes $405 32 $410 44 CURRUMBIN ~ f 10 $391,500 16.9% $405,000 5.2% 4.4% CURRUMBIN WATERS 8 $317,500 N/A $335,000 3.7% 35.1% 2 BEDROOM FLATS/UNITS ELANORA ~ 9 $337,000 -7.7% $337,000 3.7% 27.5% GOLD COAST CITY COUNCIL AREA $340 2,472 $340 2,555 EPHRAIM ISLAND * f 8 $1,077,500 N/A N/A N/A N/A 4209 Coomera/ Pimpama/ Upper Coomera/ Willow Vale $285 16 $290 5 HELENSVALE - * f 3 N/A N/A $327,500 0.8% 37.0% 4210 Guanaba/ Maudsland/ Oxenford/ Wongawallan $265 21 $285 10 HOPE ISLAND - * f 15 $425,000 -2.3% $400,000 -24.5% -24.5% 4211 Carrara/ Highland Park/ Nerang/ Pacific Pines/ etc. $280 51 $290 42 LABRADOR 38 $335,000 6.9% $325,000 3.2% 27.5% 4212 Helensvale/ Hope Island $360 65 $355 88 MAIN BEACH ~ f 17 $610,000 -9.3% $690,000 16.9% 22.2% 4214 Arundel/ Ashmore/ Molendinar/ Parkwood $285 15 $300 12 MERMAID BEACH ~ f 22 $308,000 -20.0% $385,000 6.8% 16.7% 4215 Labrador/ Southport $330 537 $330 562 MERMAID WATERS f 13 $335,000 11.5% $324,000 2.3% 25.1% 4216 Biggera Waters/ Paradise Pt/ Runaway Bay/ etc. $320 163 $320 185 MERRIMAC * f 7 $270,000 -5.7% $360,000 14.3% 53.2% 4217 Benowa/ Main Beach/ Surfers Paradise/ etc. $375 511 $380 509 MIAMI * 19 $368,000 0.8% $367,500 -0.7% 14.7% 4218 Broadbeach/ Mermaid Beach/ Mermaid Wates/ etc. $340 353 $330 409 MUDGEERABA * 11 $320,000 -4.5% $338,500 -0.4% 35.4% 4220 Burleigh Heads/ Burleigh Waters/ Miami $335 216 $350 226 NERANG 16 $292,500 -4.1% $304,000 6.7% 19.2% 4221 Elanora/ Palm Beach $290 154 $300 150 ORMEAU 1 N/A N/A $370,500 5.3% 39.9% 4223 Currumbin/ Currumbin Valley/ Currumbin Waters $350 35 $350 28 OXENFORD ~ 13 $290,000 -5.5% $286,250 -1.3% 30.7% 4224 Tugun $320 50 $305 48 PACIFIC PINES * 9 $320,000 -15.1% $385,000 6.9% 54.0% 4225 Bilinga/ Coolangatta $330 136 $300 129 PALM BEACH ~ f * 39 $338,000 4.0% $365,000 -0.5% 26.7% 4226 Clear Island Waters/ Merrimac/ Robina $390 81 $380 85 PARADISE POINT ¹ ~ f 6 N/A N/A $415,000 13.9% 37.2% 4227 Reedy Creek/ Varsity Lakes $400 63 $400 59 REEDY CREEK 8 $302,500 -4.7% $312,000 4.0% 39.0% ROBINA 30 $437,000 7.9% $453,125 1.8% 29.8% 3 BEDROOM TOWNHOUSES RUNAWAY BAY ~ f 18 $398,250 -30.4% $436,000 6.2% -11.0% GOLD COAST CITY COUNCIL AREA $365 1,160 $360 992 SOUTHPORT ~ f * 95 $359,000 12.2% $340,000 -6.8% 7.3% 4208 Jacobs Well/ Ormeau/ Ormeau Hills/ etc. $360 7 $360 14 SURFERS PARADISE ~ f * 137 $350,000 -6.7% $370,000 4.2% -3.2% 4209 Coomera/ Pimpama/ Upper Coomera/ Willow Vale $340 132 $330 124 TUGUN 11 $365,000 4.3% $427,000 1.8% 35.6% 4210 Guanaba/ Maudsland/ Oxenford/ Wongawallan $320 18 $310 12 UPPER COOMERA - ~ 14 $345,000 6.8% $347,750 3.2% 13.3% 4211 Carrara/ Highland Park/ Nerang/ Pacific Pines/ etc. $350 173 $345 154 VARSITY LAKES 25 $391,000 4.8% $390,000 0.5% 16.4% 4212 Helensvale/ Hope Island $380 32 $380 38 4213 Bonogin/ Mudgeeraba/ Tallai/ Worongary/ etc. $350 41 $340 38 VACANT URBAN LAND 4214 Arundel/ Ashmore/ Molendinar/ Parkwood $350 50 $360 41 GOLD COAST CITY (LGA) + * f 58 $280,000 20.8% $255,000 8.5% 30.8% 4215 Labrador/ Southport $375 121 $380 110 GOLD COAST CITY (LGA) ^ ~ 18 $440,000 7.3% $470,000 30.6% 9.3% 4216 Biggera Waters/ Paradise Pt/ Runaway Bay/ etc. $360 103 $375 86 COOMERA + * f 15 $240,000 -1.2% $245,000 -2.0% 7.7% 4217 Benowa/ Main Beach/ Surfers Paradise/ etc. $450 61 $395 45 HELENSVALE + * f 3 N/A N/A $545,000 87.9% 28.2% 4218 Broadbeach/ Mermaid Beach/ Mermaid Wates/ etc. $440 26 $430 21 HOPE ISLAND + * f ~ 12 $590,000 -0.4% $422,000 -23.3% -17.3% 4220 Burleigh Heads/ Burleigh Waters/ Miami $380 45 $370 36 ORMEAU * 2 N/A N/A $268,500 22.0% 50.0% 4221 Elanora/ Palm Beach $400 35 $350 33 OXENFORD 0 N/A N/A $237,000 3.0% 4.4% 4223 Currumbin/ Currumbin Valley/ Currumbin Waters $350 14 $360 15 PACIFIC PINES * 5 $232,750 -0.5% $234,000 2.2% 24.6% 4224 Tugun $430 56 $450 19 PIMPAMA * 4 N/A N/A $214,900 -2.3% 13.1% 4225 Bilinga/ Coolangatta $400 5 $340 7 REEDY CREEK * 0 N/A N/A $339,900 13.3% 41.6% 4226 Clear Island Waters/ Merrimac/ Robina $400 150 $390 125 UPPER COOMERA + * 9 $270,000 8.0% $246,300 9.5% 33.3% 4227 Reedy Creek/ Varsity Lakes $380 87 $360 69 Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 15 www.reiq.com.au
  • 16. QUEENSLAND MAR K ET MONITORContents tooWooMBA ReGIonAL Median house and unit prices The ToowoombaBRISBANE CITY HOUSE SALES region continued its strong performance TOOWOOMBA HOUSE SALES during the last three months<$500,000 The <$1m <$350,000 of 2010. median house price $1m+ <$350,000 <$500,000 $500,000+ increased 6.4 per cent – the second best result for a major 121 region DEC 10 the state – to $307,5001064 the period. across 799 over 147 DEC 10 230 110 27 DEC 137 This sound result was partly due to an increase in activity in the sub-$500,000 and the $500,000-plus price bracket compared SEP 10 780 1177 124 SEP 10 266 97 16 SEP with the previous quarter. 141 A number10 suburbs 881 towns in the Toowoomba region JUN of and 1373 141 JUN 10 272 88 13 JUN recorded increases in preliminary sales numbers, despite a slight easing for the region overall. Centenary Heights topped the list, more than doubling the number of preliminary sales BRISBANE SURROUNDS HOUSE SALES recorded during the previous quarter, with the majority of sales FRASER COAST HOUSE SALES going for under $350,000. CITY UNIT SALES BRISBANE <$500,000 <$350,000 <$1m $1m+ TOOWOOMBA UNIT SALES <$350,000 <$500,000 $500,000+ <$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$350,000 <$500,000 $500,000+ Acreage property for the region experienced an increase in DEC 10 34 718 885 291 20 activity, although with fewer prestige homes selling, the overall DEC 10 147 40 7 DEC DEC 10 260per cent. 511 median price fell 7.1 239 46 DEC 10 43 23 23 DEC 41 The region’s proximity to the Surat Basin energy province 16 SEP 10 815 1009 328 SEP 10 156 51 9 SEP continued to underpin its performance over the period 37 265 628 270 45 26 7 2 SEP 10 SEP 10 SEP 44 however agents are775 reporting lower activity following the14 JUN 10 now 1111 424 JUN 10 182 48 15 JUN tragic flood event 25410 January. 684 JUN 10 of 282 47 JUN 10 47 22 5 2 JUN INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL The worst flood-affected properties in Toowoomba itself were mainly located in the commercial precinct, but residents in the GOLD COAST HOUSE SALES BUNDABERG HOUSE SALES region remain traumatised from the flash flood that hit their city. BRISBANE SURROUNDS UNIT SALES <$350,000 <$500,000 <$1m $1m+ <$350,000 COAST UNIT FRASER SALES <$500,000 $500,000+ <$250,000 BRISBANE CITY <$500,000 20 <$350,000 LAND SALES <$1m $1m+ TOOWOOMBA LAND SALES $500,000+ <$250,000 <$350,000 <$500,000 Given the flooding also376 DEC 10 affected the mining industry,37 is 318 it DE <$250,000 <$350,000 <$500,000 $500,000+ DEC 10 <$250,000 154 <$350,000 39 9 $350,000+ likely that10 will take two to three months before that sector’s it 24 DEC 98 172 79 31 4 DEC 10 16 8 21 DEC production levels are back to where they were last year. 14 27 29 12 DEC 10 SEP 10 433 332 49 DEC 10 114 2 1 DE SE SEP 10 181 42 8 Once that10 20113 it is believed, that Toowoomba’s property SEP happens, 231 71 38 SEP 10 20 14 4 6 SEP market will10 SEP again be one of the regions of choice for 38 54 34 15 SEP 10 56 50 SE JUN 10 417 364 54 JUN 10 144 41 9 JUN homeowners as well as investors. JUN 10 102 110 224 45 0 JUN 10 32 24 10 8 JUN The Toowoomba median unit and townhouse price decreased 54 JUN 10 49 36 15 JUN 10 54 72 JUN 4.6 per centREDLAND, LOGAN, IPSWICHover the period with preliminary sales INCLUDES to $229,000 & MORETON BAY REGIONAL numbers down about 30 per cent on the same period last year. SUNSHINE COAST HOUSE SALES GLADSTONE HOUSE SALES Given Toowoomba only has a smallUNITmarket it is$1m+ GOLD COAST unit SALES <$350,000 <$500,000 <$1m not BUNDABERG UNIT SALES <$350,000 <$500,000 $500,000+ surprising that 49has borneSURROUNDS LAND the 15 BRISBANE much of the brunt of SALES it <$250,000 <$350,000 <$500,000 economic <$1m $1m+ FRASER<$350,000 LAND SALES <$250,000 COAST <$500,000 $500,000+ downturn10 <$250,000 two years. DEC over the past <$350,000 307 <$500,000 178 $500,000+ DEC 10 <$250,000 61 <$350,000 130 $350,000+ 30 DEC DEC 10 116 291 269 178 61 DEC 10 14 10 2 2 DE DEC 10 68 277 76 17 14 26 DEC 10 91 4 1 DE Median land prices SEP 10 322 189 Median rents SEP 10 44 90 27 SEP SEP 10 104 374 282 SE SEP 10 46 436 19117.3 per cent to The Toowoomba median land price decreased 50 77 12 840 SEP 10 SEP 10 20 a three-bedroom house3in Toowoomba The median rent for 53 12 30 6 SE $121,500 over the period however preliminary sales numbers JUN 10 348 226 increased $10 to $260 per week between December 2010 and JUN 10 64 109 25 JUN were upJUN 1021 123 cent on the previous quarter. The drop in46 by per 10 428 417 405 258 27 3 December 2009. The 28 JUN 10 median rent for a two-bedroom unit was 14 4 3 JUN JUN 96 JUN 10 57 31 JU median price over the quarter is largely attributed to a new also up $10 to $200 per week over the same period. subdivision at Westbrook where BAY REGIONAL selling for around INCLUDES REDLAND, LOGAN, IPSWICH & MORETON lots are There remains robust demand for rental properties in the $100,000. region with demand principally coming from university GOLD COAST LAND SALES Agents are reporting a number COAST subdivisions becoming SUNSHINE of new UNIT SALES residents to theLANDThis BUNDABERG area. SALES students or newGLADSTONE UNIT SALESlevel of demand available as enquiry for vacant land picks <$500,000 <$1m <$250,000 <$250,000 <$350,000 <$350,000 up. <$500,000 $500,000+ $1m+ is likely to encourage more investors into the market in the <$250,000 <$250,000 <$350,000 <$350,000 <$500,000 $350,000+ $500,000+ months ahead. This reflects10 fact 11 7 a number of developers have some DEC the 20 that 16 DEC 10 58 4 2 DE DEC 10 58 125 102 84 15 DEC 10 13 13 19 6 DEC confidence in the local land market and the possibility of increased demand, as the mining operations in the Surat Basin SE SEP 10 52 25 1 ramp up over the medium-term. 6 99 44 02 SEP 10 SEP 10 46 140 77 24 SEP 10 17 5 4 6 SEP Please see page 38 for legend and further notes JUN 10 83 41 8 14 JU JUN 10 44 40Issue 9 - December 45 JUN 10 Quarter 2010 139 146 87 19 page 16 JUN 10 9 9 14 5 www.reiq.com.au JUN
  • 17. tooWooMBA ReGIonAL MEDIAN SALES DATA MEDIAN SALES DATA Suburb/ Number of Dec change 12 mths to change change Suburb/ Number of Dec change 12 mths to change change Locality Sales Dec Qtr over the end of over over Locality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs Qtr 2010 2010 qtr Dec 2010 1yr 5yrs HOUSES VACANT URBAN LAND TOOWOOMBA (LGA) ~ 367 $307,500 6.4% $295,750 5.6% 28.6% TOOWOOMBA (LGA) ~ * 74 $121,500 -17.3% $135,000 6.3% 40.6% TOOWOOMBA (LGA) ^ ~ 78 $422,500 -7.1% $432,500 8.1% 29.1% TOOWOOMBA (LGA) ^ ~ * 43 $155,000 -2.2% $159,500 -0.3% 35.7% CENTENARY HEIGHTS 25 $292,000 2.5% $296,750 5.0% 26.3% GLENVALE * 3 N/A N/A $143,000 13.5% 52.1% CROWS NEST 7 $235,000 N/A $242,000 5.2% 42.4% GOWRIE JUNCTION ^ * 7 $141,000 N/A $139,000 3.0% N/A DARLING HEIGHTS 14 $287,000 -0.7% $304,500 7.8% 23.0% HARRISTOWN * 8 $167,517 N/A $145,000 12.4% N/A EAST TOOWOOMBA ~ 19 $400,000 16.6% $366,000 -1.1% 30.9% HIGHFIELDS * 2 N/A N/A $145,000 13.7% 28.3% GLENVALE 14 $335,750 8.5% $330,000 4.6% 30.6% HIGHFIELDS ^ * 1 N/A N/A $154,750 -4.5% 23.8% GLENVALE ^ 9 $452,500 N/A $470,000 0.3% 20.5% HODGSON VALE ^ * 10 $165,000 0.6% $165,000 N/A 27.0% HARLAXTON 2 N/A N/A $247,000 8.0% 23.5% KLEINTON * 2 N/A N/A $145,000 12.2% N/A HARRISTOWN 27 $255,000 2.0% $262,250 4.9% 23.7% MERINGANDAN WEST * 3 N/A N/A $110,000 N/A 59.4% HIGHFIELDS * 10 $450,500 4.8% $422,500 1.6% 15.8% MIDDLE RIDGE ~ * 1 N/A N/A $202,000 23.2% 36.5% HIGHFIELDS ^ ~ 13 $425,000 -3.4% $433,250 -1.4% 21.4% OAKEY * 8 $92,000 N/A N/A N/A N/A KEARNEYS SPRING 20 $318,250 -3.6% $315,500 3.8% 21.0% WESTBROOK * 33 $122,500 N/A $125,500 16.7% 50.3% MERINGANDAN WEST ^ 5 $335,000 N/A $329,500 0.7% 31.8% WILSONTON HEIGHTS * 0 N/A N/A $145,000 N/A N/A MIDDLE RIDGE 27 $430,000 2.1% $442,500 3.0% 27.5% MOUNT LOFTY ~ 8 $302,500 -7.6% $350,000 3.4% 30.6% NEWTOWN 23 $247,000 -2.8% $257,000 5.8% 25.7% MEDIAN WEEKLY RENTS NORTH TOOWOOMBA 8 $265,000 8.2% $252,750 6.9% 30.3% Suburbs/ Dec Qtr 2010 Dec Qtr 2009 Postcode OAKEY ~ 16 $209,000 N/A $233,000 15.1% 55.3% Localities Rent New Rent New ($) Bonds ($) Bonds PITTSWORTH 6 N/A N/A $275,500 4.8% 57.4% RANGEVILLE ~ 35 $385,000 -10.2% $378,000 2.2% 26.0% 3 BEDROOM HOUSES ROCKVILLE 4 N/A N/A $255,000 2.4% 24.1% TOOWOOMBA REGIONAL COUNCIL AREA $260 542 $250 500 SOUTH TOOWOOMBA ~ 13 $320,000 15.0% $274,500 7.1% 33.9% 4350 Newtown/ Rangeville/ Harristown/ Wilsonton/ etc. $270 413 $255 369 TOOWOOMBA CITY 5 N/A N/A $268,500 5.3% 18.0% 4352 Highfields/ Meringandan/ Preston/ Withcott/ etc. $300 23 $290 28 WESTBROOK 12 $422,000 4.8% $395,000 5.9% 29.1% 4354 Douglas/ Goombungee/ Kibirnie $205 5 n.a. 2 WILSONTON 24 $262,000 -3.9% $276,000 4.8% 29.1% 4355 Crows Nest/ Glenaven/ Jones Gully/ etc. $210 9 $200 9 WILSONTON HEIGHTS 8 $242,500 N/A $250,000 6.4% N/A 4356 Pittsworth/ Bongeen/ Stoneleigh/ etc. $250 13 $220 18 WYREEMA 2 N/A N/A $279,000 -8.5% 29.8% 4357 Millmerran/ Bringalily/ Stonehenge/ etc. $215 13 $215 6 4358 Cambooya/ Eton Vale/ Felton/ etc. $220 5 $220 8 UNITS & TOWNHOUSES 4359 Ascot/ Budgee/ Greenmount/ etc. $230 5 n.a. 3 TOOWOOMBA (LGA) ~ 71 $229,000 -4.6% $240,000 6.7% 21.5% 4361 Back Plains/ Clifton/ Sandy Camp/ etc. $200 9 $185 6 EAST TOOWOOMBA ~ * 6 N/A N/A $269,500 26.8% -6.6% 4401 Acland/ Biddeston/ Oakey/ etc. $230 31 $235 37 HARRISTOWN * 7 $240,000 N/A $244,750 N/A 55.9% KEARNEYS SPRING ~ 10 $220,750 -14.9% $250,000 1.4% 5.9% 2 BEDROOM FLATS/UNITS NEWTOWN 6 N/A N/A $219,000 1.4% 24.8% TOOWOOMBA REGIONAL COUNCIL AREA $200 338 $185 317 RANGEVILLE 4 N/A N/A $299,000 6.8% 32.9% 4350 Newtown/ Rangeville/ Harristown/ Wilsonton/ etc. $200 314 $185 300 SOUTH TOOWOOMBA 6 N/A N/A $231,250 N/A 25.0% 4401 Acland/ Biddeston/ Oakey/ etc. $180 10 $175 8 3 BEDROOM TOWNHOUSES TOOWOOMBA REGIONAL COUNCIL AREA $280 19 $268 24 Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 17 www.reiq.com.au
  • 18. BRISBANE CITY UNIT SALES <$350,000 <$500,000 <$1m $1m+ <$250,000 <$350,000 <$500,000 <$1m $1m+QUEENSLAND MAR K ET DEC 10 DEC 10 34 718 260 511 885 239 291 46 20 DEC 10 DEC 10 MONITOR 41 SEP 10 815 1009 328 16 SEP 10 SEP 10 265 628 270 37 SEP 10 44 JUN 10 775 1111 424 14 JUN 10Contents JUN 10 254 684 282 47 JUN 10 sUnsHIne CoAst ReGIonAL INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL Median house and unit prices Median rents COAST HOUSE SALES GOLD The Sunshine Coast’s market over the December quarter BRISBANE SURROUNDS UNIT SALES <$350,000 <$500,000 The median rent for a three-bedroom house on the Sunshine <$1m $1m+ can be described as “steady as she goes” however there Coast increasedBRISBANE CITY<$500,000SALES 20 <$350,000 LAND <$250,000 $5 to $365 per week between December 2010 <$1m $1m+ was decrease in activity over the past month following the DEC 10 <$250,000 376The median rent for a two-bedroom unit and December 2009. <$350,000 318 <$500,000 37 $500,000+ DEC 10 DEC 10 2498 172 79 31 4 Queensland floods. increased $10 to $300 per week over the same period. DEC 10 DEC 10 SEP 10 14 27 29 433 12 332 49 DEC SEP 10 The Sunshine Coast’s median house price decreased 1.1 per Gross rental yields improved slightly for houses up 0.1 20 percentage 113 231 71 38 SEP 10 SEP 10 cent to $450,000 over the quarter. points to 4.2 per cent. The unit market however SEP 10 38 417 54 yield of 4.4 per15 is returning a slightly higher JUN 10 34 364 cent for 54 the SEP JUN 10 Over the majority of last year, the Sunshine Coast market was December quarter 2010. 224 JUN 10 102 110 45 0 JUN 10 defined by a steady level of enquiry and sales, but there was a JUN 10 54 49 36 15 JUN distinct lack of confidence amongst buyers given the uncertain INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL economic conditions at the time. SUNSHINE COAST HOUSE SALES Since Christmas and the floods in January, activity is GOLD COAST UNIT SALES $1m+ <$350,000 <$500,000 <$1m predominantly from local buyers who are mostly upgrading or BRISBANE SURROUNDS LAND SALES <$250,000 49 <$350,000 <$500,000 <$1m 15 $1m+ downgrading. DEC 10 <$250,000 307 <$350,000 178 <$500,000 $500,000+ DEC 10 DEC 10 116 291 269 178 61 DEC 10 Over the past month, there has been a marked reduction in 68 26 interstate buyers and migrants given the widespread national DEC 10 SEP 10 277 322 76 14 17 189 DEC SEP 10 media coverage that the floods received, even though the SEP 10 104 46 374 282 191 50 SEP 10 40 Sunshine Coast was not affected. 77 12 8 348436 SEP 10 SEP JUN 10 226 JUN 10 Sellers have also been adopting a more realistic attitude to JUN 10 123 428 405 258 46 JUN 10 what sale price they can achieve for their property, which is JUN 10 417 96 27 3 JUN helping to underpin the current market. INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL Despite easing market conditions, a number of areas performed well over the quarter and year. Doonan, Black SUNSHINE COAST UNIT SALES Mountain and Mooloolah Valley all recorded increases in the GOLD<$350,000 <$250,000 COAST LAND SALES <$500,000 <$1m $1m+ <$250,000 <$350,000 <$500,000 $500,000+ preliminary number of sales over the year. DEC 10 58 125 102 84 15 DEC 10 On the coast, Pelican Waters and Peregian Springs both DEC 10 20 11 7 16 DEC recorded an increase in both preliminary sales and median SEP 10 46 140 99 77 24 SEP 10 house price over the year. Waterfront property sales over the SEP 10 52 25 16 SEP quarter in Pelican Waters also resulted in an upward swing in the quarterly median. JUN 10 45 139 146 87 19 JUN 10 JUN 10 83 41 8 14 JUN Prestige property at Sunshine Beach with ocean and beach- views continue to sell, providing a strong growth over the year. However a bumper year in 2005 for the prestige market, where six sales over $2 million were recorded, has masked the real growth in prices over the past five years. SUNSHINE COAST LAND SALES <$250,000 <$350,000 <$500,000 $500,000+ The Sunshine Coast median unit and townhouse price increased by 0.7 per cent to $450,000 over the quarter with DEC 10 36 24 19 6 DEC sales numbers steady. SEP 10 39 18 18 9 SEP Median land prices The median price of land on the Sunshine Coast decreased 5 JUN 10 52 47 15 11 JUN per cent to $240,000 over the quarter with preliminary sales numbers for land on less than 2,400m2 down about 27 per cent on the previous quarter. Agents are reporting that the development of new residential subdivisions on the Sunshine Coast has stalled due to issues with development approvals and the high cost of developing land on the coast. Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 18 www.reiq.com.au
  • 19. sUnsHIne CoAst ReGIonAL MEDIAN SALES DATA MEDIAN SALES DATA Suburb/ Number of Dec change 12 mths to change change Suburb/ Number of Dec change 12 mths to change change Locality Sales Dec Qtr over the end of over over Locality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs Qtr 2010 2010 qtr Dec 2010 1yr 5yrs HOUSES UNITS & TOWNHOUSES SUNSHINE COAST (LGA) 549 $450,000 -1.1% $470,000 3.3% 22.1% SUNSHINE COAST (LGA) 384 $357,500 0.7% $368,950 3.2% 10.1% SUNSHINE COAST (LGA) ^ 122 $569,500 4.1% $580,000 5.5% 25.3% ALEXANDRA HEADLAND 23 $350,000 0.0% $345,000 7.8% 4.5% ALEXANDRA HEADLAND ~ 7 $685,000 12.3% $685,000 -3.5% 44.2% BUDDINA 4 N/A N/A $390,000 1.3% 4.0% AROONA 8 $418,750 N/A $424,500 1.0% 20.6% BUDERIM * 15 $390,000 3.6% $390,000 10.6% 36.8% BATTERY HILL 8 $444,500 -1.3% $435,000 10.4% 22.9% CALOUNDRA * f 26 $422,500 2.4% $428,000 12.6% 5.7% BEERWAH ~ 9 $390,000 2.6% $405,000 1.3% 45.9% CALOUNDRA WEST * 4 N/A N/A $325,000 5.2% 34.0% BLACK MOUNTAIN ^ 4 N/A N/A $507,500 N/A 22.1% COOLUM BEACH * f 14 $355,000 -5.8% $376,000 8.2% 5.9% BLI BLI 16 $411,500 3.5% $406,250 2.1% 25.8% GOLDEN BEACH f 17 $360,000 -5.3% $363,000 3.7% 4.5% BUDDINA 6 N/A N/A $630,000 9.3% 31.8% KINGS BEACH ~ f 16 $355,500 -15.2% $418,750 -0.3% 16.3% BUDERIM ~ 63 $483,000 -14.1% $530,000 1.0% 24.7% MARCOOLA * f 4 N/A N/A $359,000 3.8% -1.0% BUDERIM ^ ~ 1 N/A N/A $952,500 41.1% 28.4% MAROOCHYDORE ~ f * 48 $362,500 9.2% $365,000 4.1% 7.4% BURNSIDE 8 $380,250 4.8% $376,500 1.8% 35.9% MOOLOOLABA ~ f 33 $350,000 -12.7% $383,750 6.6% 8.1% CALOUNDRA WEST 8 $406,000 -2.4% $431,250 2.7% 23.9% MOUNT COOLUM 7 $335,000 N/A $340,000 6.3% 18.8% COOLUM BEACH 16 $472,500 4.4% $481,250 2.4% 14.9% NAMBOUR - * 5 N/A N/A $296,500 15.8% 52.1% COORAN ^ 8 $449,000 N/A N/A N/A N/A NOOSA HEADS - * f 27 $568,500 -11.2% $560,000 -0.9% -16.4% COOROY 3 N/A N/A $429,500 8.2% 34.2% NOOSAVILLE - ~ f 26 $345,500 6.3% $368,000 3.7% 10.8% CURRIMUNDI ~ 16 $403,000 -7.9% $430,000 0.8% 21.5% PELICAN WATERS * 6 N/A N/A $455,000 1.1% 3.5% DICKY BEACH 6 N/A N/A $520,000 N/A N/A PEREGIAN BEACH ~ f 7 $370,000 N/A $370,000 -16.7% -8.6% DOONAN ^ ~ 10 $660,000 17.9% $712,000 13.0% 24.8% PEREGIAN SPRINGS - * 6 N/A N/A $412,900 1.2% N/A GLASS HOUSE MOUNTAINS ~ 11 $400,000 -5.9% $430,000 -2.3% 32.3% SIPPY DOWNS ~ * 5 N/A N/A $230,000 17.2% 5.7% GOLDEN BEACH ~ 8 $417,500 -5.2% $447,500 0.6% 19.3% SUNSHINE BEACH ~ f 14 $552,500 N/A $530,000 -2.2% -5.4% KULUIN 5 N/A N/A $405,000 2.0% 24.6% TEWANTIN ~ f 3 N/A N/A $285,000 -7.3% 19.5% LANDSBOROUGH 5 N/A N/A $380,000 4.1% 33.3% WARANA 6 N/A N/A $316,750 0.9% 19.5% LITTLE MOUNTAIN 19 $450,500 0.1% $470,000 0.0% 27.4% MALENY 4 N/A N/A $438,750 0.4% 31.8% VACANT URBAN LAND MALENY ^ 4 N/A N/A $629,000 5.3% 29.7% SUNSHINE COAST (LGA) * f 61 $240,000 -5.0% $259,950 6.1% 18.2% MARCOOLA ~ f 3 N/A N/A $476,000 9.4% 4.6% SUNSHINE COAST (LGA) ^ ~ 24 $365,000 -1.4% $365,000 10.6% 18.1% MAROOCHYDORE 18 $491,500 2.4% $478,000 8.6% 24.2% BEERWAH 4 N/A N/A $187,250 0.9% 21.6% MERIDAN PLAINS 7 $470,000 N/A $446,250 3.8% 12.6% BIRTINYA * 4 N/A N/A $324,000 N/A N/A MINYAMA ~ f 1 N/A N/A $730,000 -24.0% 39.0% BUDERIM ~ 2 N/A N/A $270,500 -1.2% 10.4% MOFFAT BEACH ~ 7 $540,000 N/A $589,000 19.1% 49.3% COES CREEK * 1 N/A N/A $186,250 N/A N/A MOOLOOLABA ~ f 11 $518,100 -33.1% $590,000 1.7% 21.6% COOLUM BEACH * 1 N/A N/A $328,000 25.0% 25.0% MOOLOOLAH VALLEY ^ ~ 10 $549,750 N/A $530,000 6.0% 23.3% LITTLE MOUNTAIN * 2 N/A N/A $245,000 -3.2% 28.9% MOUNT COOLUM 10 $461,000 N/A $475,000 1.6% 21.8% MALENY * 3 N/A N/A $217,500 -1.1% 8.8% MOUNTAIN CREEK 17 $500,000 8.3% $497,450 4.2% 28.5% MOUNT COOLUM * f 3 N/A N/A $389,000 13.7% 16.1% NAMBOUR ~ 26 $327,250 -2.3% $340,000 -1.4% 29.0% MOUNTAIN CREEK * 0 N/A N/A $256,000 13.8% N/A NOOSA HEADS ~ f 9 $857,000 2.6% $650,000 0.0% 0.0% NOOSAVILLE 4 N/A N/A $303,000 3.9% N/A NOOSAVILLE ~ f 10 $641,500 1.8% $702,000 -4.4% -8.4% PELICAN WATERS 3 N/A N/A $345,000 7.8% 16.9% PACIFIC PARADISE 4 N/A N/A $395,000 8.2% 39.6% PEREGIAN SPRINGS + * 6 $240,000 -3.0% $265,000 -3.6% -5.4% PALMWOODS 10 $435,000 1.2% $443,500 3.1% 22.5% WOOMBYE * 7 $210,000 -8.7% $230,000 8.5% 39.8% PARREARRA 18 $558,250 8.9% $545,000 5.3% 13.5% PELICAN WATERS ~ f 17 $710,000 11.4% $661,000 10.2% 25.0% PEREGIAN BEACH ~ f 3 N/A N/A $645,000 16.2% 7.5% PEREGIAN SPRINGS ~ 11 $545,000 12.7% $525,000 4.0% N/A MEDIAN WEEKLY RENTS POMONA ^ 3 N/A N/A $540,000 8.0% 45.9% Suburbs/ Dec Qtr 2010 Dec Qtr 2009 Postcode SIPPY DOWNS ~ * 23 $421,000 -6.4% $444,250 3.3% 23.4% Localities Rent New Rent New ($) Bonds ($) Bonds SUNRISE BEACH ~ 4 N/A N/A $553,750 -8.5% -8.8% SUNSHINE BEACH ~ f 6 N/A N/A $922,500 23.0% -12.1% 3 BEDROOM HOUSES TEWANTIN ~ 26 $435,000 -5.3% $455,000 5.1% 26.4% SUNSHINE COAST REGIONAL COUNCIL AREA $365 984 $360 1,060 TWIN WATERS 4 N/A N/A $685,000 6.4% 21.2% Caloundra (coastal region) $370 264 $360 276 WARANA ~ 11 $425,000 -6.1% $465,000 -3.4% 14.8% 4551 Currimundi/ Golden Beach/ Moffat Beach/ etc. $355 143 $350 166 WOOMBYE 10 $420,000 N/A $425,000 12.1% 36.7% 4575 Bokarina/ Minyama/ Parrearra/ Wurtulla/ etc. $380 121 $365 110 WURTULLA ~ 16 $426,506 -7.3% $477,000 3.2% 29.3% Caloundra (inland region) $330 88 $320 77 4518 Glass House Mountains $330 11 $320 8 4519 Beerwah/ Coochin Creek/ Peachester/ etc. $320 24 $315 18 4550 Landsborough/ Mt Mellum $330 10 $320 12 4552 Conondale/ Maleny/ Reesville/ Witta/ etc. $340 27 $325 23 4553 Glenview/ Mooloolah Valley/ Palmview/ etc. $345 14 $350 15 Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 19 www.reiq.com.au
  • 20. QUEENSLAND MAR K ET MONITORContents sUnsHIne CoAst ReGIonAL MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS Suburbs/ Dec Qtr 2010 Dec Qtr 2009 Suburbs/ Dec Qtr 2010 Dec Qtr 2009 Postcode Postcode Localities Rent New Rent New Localities Rent New Rent New ($) Bonds ($) Bonds ($) Bonds ($) Bonds 3 BEDROOM HOUSES continued 2 BEDROOM FLATS/UNITS continued Maroochy (coastal region) $370 445 $360 457 4558 Kuluin/ Maroochydore $310 175 $290 156 4555 Chevallum/ Hunchy/ Palmwoods $365 16 $345 20 4559 Diddillibah/ Kiels Mountain/ Woombye/ etc. $270 11 $260 11 4556 Buderim/ Forest Glen/ Sippy Downs/ Tanawha/ etc. $385 80 $360 119 4560 Bli Bli/ Burnside/ Montville/ Nambour/ etc. $240 41 $230 39 4557 Mooloolaba/ Mountain Creek $395 49 $390 42 4564 Marcoola/ Mudjimba/ Pacific Paradise/ etc. $330 58 $320 59 4558 Kuluin/ Maroochydore $370 57 $360 46 4572 Alexandra Headland $340 58 $320 54 4559 Diddillibah/ Kiels Mountain/ Woombye/ etc. $350 13 n.a. 4 4573 Coolum Beach/ Peregian Springs/ Yaroomba/ etc. $300 63 $285 72 4560 Bli Bli/ Burnside/ Montville/ Nambour/ etc. $340 91 $330 95 Maroochy (inland region) $190 6 $250 5 4564 Marcoola/ Mudjimba/ Pacific Paradise/ etc. $375 44 $360 34 Noosa (coastal region) $320 111 $310 111 4572 Alexandra Headland $380 7 $370 9 4565 Boreen Point/Cootharaba/ Tewantin/ etc. $295 10 $285 6 4573 Coolum Beach/ Peregian Springs/ Yaroomba/ etc. $380 88 $370 88 4566 Noosaville $320 37 $300 45 Maroochy (inland region) $360 32 $360 40 4567 Noosa Heads/ Sunrise Bch/ Sunshine Bch/ etc. $320 64 $320 60 4561 Ninderry/ North Arm/ Yandina/ Yandina Creek/ etc. $360 6 $330 14 Noosa (inland region) n.a. 3 n.a. 2 4562 Belli Park/ Doonan/ Eerwah Vale/ Eumundi/ etc. $380 18 $375 16 Noosa (coastal region) $390 113 $370 165 3 BEDROOM TOWNHOUSES 4565 Boreen Point/Cootharaba/ Tewantin/ etc. $360 55 $350 72 SUNSHINE COAST REGIONAL COUNCIL AREA $360 180 $350 182 4566 Noosaville $405 16 $420 35 Caloundra (coastal region) $320 32 $330 46 4567 Noosa Heads/ Sunrise Bch/ Sunshine Bch/ etc. $425 42 $420 58 4551 Currimundi/ Golden Beach/ Moffat Beach/ etc. $320 23 $320 36 Noosa (inland region) $320 42 $330 45 4575 Bokarina/ Minyama/ Parrearra/ Wurtulla/ etc. $350 9 $350 10 4563 Black Mountain/ Cooroy/ Lake Macdonald/ etc. $330 24 $350 20 Caloundra (inland region) $300 6 $300 17 4568 Federal/ Pinbarren/ Pomona $320 10 $350 12 Maroochy (coastal region) $360 113 $350 91 4569 Cooran $280 6 $290 10 4556 Buderim/ Forest Glen/ Sippy Downs/ Tanawha/ etc. $365 27 $350 25 4557 Mooloolaba/ Mountain Creek $370 8 $350 10 2 BEDROOM FLATS/UNITS 4558 Kuluin/ Maroochydore $340 32 $330 15 SUNSHINE COAST REGIONAL COUNCIL AREA $300 870 $290 904 4560 Bli Bli/ Burnside/ Montville/ Nambour/ etc. $340 7 $320 8 Caloundra (coastal region) $295 217 $280 213 4564 Marcoola/ Mudjimba/ Pacific Paradise/ etc. $385 16 $360 20 4551 Currimundi/ Golden Beach/ Moffat Beach/ etc. $285 150 $280 165 4573 Coolum Beach/ Peregian Springs/ Yaroomba/ etc. $375 22 $320 9 4575 Bokarina/ Minyama/ Parrearra/ Wurtulla/ etc. $365 67 $330 48 Maroochy (inland region) n.a. 0 n.a. 0 Caloundra (inland region) $280 5 $200 7 Noosa (coastal region) $435 27 $425 28 Maroochy (coastal region) $300 528 $290 566 4566 Noosaville $400 16 $380 12 4556 Buderim/ Forest Glen/ Sippy Downs/ Tanawha/ etc. $290 33 $280 39 4567 Noosa Heads/ Sunrise Bch/ Sunshine Bch/ etc. $450 10 $450 15 4557 Mooloolaba/ Mountain Creek $295 87 $280 135 Noosa (inland region) n.a. 2 n.a. 0 FRAseR CoAst ReGIonAL Median house and unit prices This is especially true for seller of older homes in Hervey Bay as it is still possible to purchase a new home for under $350,000 in The Fraser Coast residential property market continued its the area. steady run in the last three months of the year, recording a 0.3 per cent median house price increase to $298,250 over the Tourism had also been impacted over recent weeks, with some quarter. tourism operators reporting bookings being cancelled due to a perception that the Fraser Coast is located in a cyclone zone. The median house price in Maryborough increased 16.2 per cent to $247,000 over the quarter, partly due to the varying The median unit and townhouse price on the Fraser Coast quality of stock that sold over that time. decreased 4.4 per cent to $233,000 over the quarter. According to local agents, the December quarter was a The Fraser Coast grappled with an oversupply of units for most continuation of the relatively flat market conditions that the of last year with sellers eventually having to lower their price region experienced for most of last year, although activity in expectations in order to make a sale. November did strengthen. Agents are now reporting that the unit market appears to have Since the floods, however, demand and enquiry have reduced now corrected itself with fewer properties currently on the quite markedly with some agents reporting nervousness market. amongst potential buyers, especially those from interstate. Most of the activity has been from local owner-occupiers with sellers also becoming more realistic about what price they can achieve in the current market. Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 20 www.reiq.com.au
  • 21. BRISBANE CITY HOUSE SALES <$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ 121 DEC 10 799 1064 147 DEC 10 230 110 27 DEC 1 137 SEP 10 780 1177 124 SEP 10 266 97 16 SEP 1 141 JUN 10 881 1373 141 JUN 10 272 88 13 JUN 1 FRAseR CoAst ReGIonAL Median land prices BRISBANE SURROUNDS HOUSE SALES FRASER COAST HOUSE SALES The median price of land on the Fraser Coast increased 7.7 per BRISBANE CITY UNIT<$1m SALES of land cent to $182,500 over the quarter. Preliminary sales $1m+ <$350,000 <$500,000 TOOWOOMBA UNIT SALES <$350,000 <$500,000 $500,000+ on less than 2,400m2 were down 22 per cent on the<$1m <$250,000 <$350,000 <$500,000 $1m+ previous <$250,000 <$350,000 <$500,000 $500,000+ quarter. DEC 10 34 718 885 291 20 DEC 10 147 40 7 DEC 1 DEC 10 260 511 239 46 DEC 10 43 23 23 DE Agents are reporting that there remains plenty of land available 41 SEP 10 815 1009 328 16 SEP 10 156 51 9 SEP 1 in the region with demand mostly coming from second and SEP 10 265 628 270 37 SEP 10 45 26 7 2 third tier buyers looking to upgrade. SE JUN 10 44 775 1111 424 14 JUN 10 182 48 15 JUN 1 Acreage land 10 sales in Glenwood continue to be the most JUN 254 684 282 47 JUN 10 47 22 5 2 JU popular choice for those looking to build. With a median of INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL $80,000 for the 2010 calender year, and a 30 minute drive north of Gympie, buyers are attracted to the area for country lifestyle GOLD COAST HOUSE SALES BUNDABERG HOUSE SALES at affordable prices. BRISBANE SURROUNDS<$1m SALES <$350,000 <$500,000 UNIT $1m+ FRASER COAST UNIT <$350,000 <$500,000SALES $500,000+ Some residential subdivisions are offering smaller blocks of $1m+ 20 <$250,000 <$350,000 <$500,000 <$1m <$250,000 <$350,000 <$500,000 $500,000+ land, which 10 providing 376 affordable stock to the37 DEC is more 318 market. DEC 10 154 39 9 DEC 1 DEC 10 24 98 172 79 31 4 DEC 10 16 8 21 D Median 10 SEP rents 433 332 49 SEP 10 181 42 8 SEP 1 SEP 10 20 The median rent for113a three-bedroom house on 71 Fraser 231 the 38 SEP 10 20 14 4 6 S Coast increased $5 to $255 per week between December54 JUN 10 417 364 2010 JUN 10 144 41 9 JUN 1 and December 2009. The median224 for a two-bedroom0unit JUN 10 102 rent 110 45 JUN 10 32 24 10 8 JU increased $10 to $210 per week over the same period. INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL Demand for rental properties in the region remains robust especially from newSUNSHINE COAST HOUSE SALESvacancy residents to the area. The region’s GLADSTONE HOUSE SALES be relatively<$500,000 UNIT SALES $1m+ GOLD low. rate continues to<$350,000 COAST <$1m BUNDABERG UNIT SALES <$350,000 <$500,000 $500,000+ 49 <$250,000 <$350,000 <$500,000 15 <$1m $1m+ <$250,000 <$350,000 <$500,000 $500,000+ DEC 10 307 178 DEC 10 61 130 30 DEC 10 MEDIANDEC 10 68116 DATA SALES 291 269 178 61 MEDIAN SALES DATA DEC 10 14 10 2 2 D 26 Suburb/ Number of Dec change 12 mths to change change Suburb/ Number of Dec change 12 mths to change change Locality SEP 10 Sales Dec 322 Qtr over 189 over the end of over Locality 10 SEP 44 Sales Dec 90 Qtr over27 the end of over over SEP 10 SEP 10 104 2010 374 Qtr 2010 qtr 282 Dec 2010 191 501yr 5yrs SEP 10 20 2010 Qtr 2010 12 qtr 6 Dec32010 1yr 5yrs S 46 40 HOUSESJUN 10 348 226 VACANT URBAN LAND JUN 10 64 109 25 JUN 10 FRASER COAST (LGA) 10 FRASER COAST (LGA) 49 $163,000 5.2% $155,000 4.0% 24.0% JUN 123 194 $298,250 428 0.3% $305,000 405 1.7% 258 22.0% 46 JUN 10 28 14 4 3 JU FRASER COAST (LGA) ^ BRISBANE CITY -3.8% $383,500 36 $350,500 LAND SALES 6.5% 24.3% FRASER COAST (LGA) ^ ~ * TOOWOOMBA LAND SALES 47 $97,500 2.6% $102,475 -18.7% 76.7% BURRUM HEADS * ELI WATERS <$250,000 3 N/A <$350,000 N/A $327,000 <$500,000 -1.2% 22.0% $500,000+ <$250,000 2 N/A N/A <$350,000 $149,000 -1.7% $350,000+ 22.6% GLENWOOD ^ 4 N/A N/A $220,000 2.3% 44.7% DUNDOWRAN BEACH 8 $167,500 N/A N/A N/A N/A GRANVILLE ~ 5 N/A N/A $217,500 -6.0% 17.6% ELI WATERS 7 $180,000 N/A N/A N/A N/A DEC 10 14 27 29 12 DEC 10 114 21 KAWUNGAN SUNSHINE COAST UNIT SALES 14 $337,500 2.3% $325,000 -0.5% 4.8% GLENWOOD ^ * GLADSTONE UNIT SALES$80,000 24 $80,500 -1.8% 0.0% 77.8% MARYBOROUGH ~ <$250,000 $247,000 16.2% 43 <$350,000 <$500,000 -1.3%<$1m $230,000 31.4% $1m+ OWANYILLA ^ * <$250,000 8 $193,500 <$350,000 N/A <$500,000N/A $500,000+ N/A N/A PIALBA ~SEP 10 f 38 7 54 $290,000 15 -11.2% 34 $295,250 7.4% 14.9% RIVER HEADS SEP 10 56 1 N/A 50 N/A $160,000 3.2% 33.3% POINT VERNON ~ 19 $305,000 -8.1% $315,000 1.2% 17.1% TOOGOOM * f 4 N/A N/A $155,000 12.7% 6.9% DEC 10 58 125 102 84 15 DEC 10 13 13 19 6 DEC SCARNESS 4 N/A N/A $283,500 -2.2% 9.5% URRAWEEN * 7 $169,500 N/A $169,500 4.8% 25.6% TINANA JUN 10 54 8 $340,750 49 -1.5% 36 $310,000 15 6.9% 27.6% JUN 10 WONDUNNA * 54 3 N/A2 7 N/A $175,000 2.9% 17.6% TINANA ^ SEP 10 46 0 140 N/A N/A 99 $422,50077 3.5% 24 41.1% SEP 10 17 5 4 6 SEP TOOGOOM 2 N/A N/A $307,985 -3.0% 14.1% TORQUAY ~ 11 $299,000 -8.3% $320,513 0.9% 12.5% JUN 10 45 139 146 87 19 JUN 10 9 9 14 5 JUN URANGAN BRISBANE SURROUNDS LAND SALES 26 $315,000 -2.9% $325,648 3.9% 17.6% FRASER COAST LAND SALES URRAWEEN ~ 15 $330,000 -5.7% $336,450 -3.9% 16.0% <$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$350,000 $350,000+ WONDUNNA 6 N/A N/A $460,000 -0.9% 16.3% UNITS &10 DEC TOWNHOUSES 277 76 17 14 DEC 10 91 4 1 FRASER COAST (LGA) - * f 23 $230,000 -15.4% $275,000 0.0% 7.8% PIALBA - SEP 10 *f 6 N/A N/A $247,500 -13.1% 3.7% 436 77 12 8 SEP 10 53 30 TORQUAY * f 5 N/A N/A $254,000 -5.3% -5.9% URANGAN * 5 N/A N/A $325,000 0.9% 27.5% JUN 10 417 96 27 3 JUN 10 57 31 INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL Please see page 38 for legend and further notes GOLD COAST LAND SALES BUNDABERG LAND SALESIssue 9 - December Quarter 2010 <$250,000 <$350,000 <$500,000 $500,000+ page 21 <$250,000 <$350,000 www.reiq.com.au $350,000+
  • 22. QUEENSLAND MAR K ET MONITORContents FRAseR CoAst ReGIonAL MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS Suburbs/ Dec Qtr 2010 Dec Qtr 2009 Suburbs/ Dec Qtr 2010 Dec Qtr 2009 Postcode Postcode Localities Rent New Rent New Localities Rent New Rent New ($) Bonds ($) Bonds ($) Bonds ($) Bonds 3 BEDROOM HOUSES 3 BEDROOM TOWNHOUSES FRASER COAST REGIONAL COUNCIL AREA $255 333 $250 379 FRASER COAST REGIONAL COUNCIL AREA $280 44 $275 50 4650 Maryborough region $240 110 $240 128 4650 Maryborough region n.a. 1 $245 5 Hervey Bay region $260 223 $255 251 Hervey Bay region $285 43 $280 45 4655 Hervey Bay/ Pialba/ Scarness/ Urangan $265 209 $255 237 4655 Hervey Bay/ Pialba/ Scarness/ Urangan $285 43 $280 45 4659 Burrum/ Burrum Heads/ Howard $230 11 $240 11 2 BEDROOM HOUSES FRASER COAST REGIONAL COUNCIL AREA $210 191 $200 200 4650 Maryborough region $180 46 $165 55 Hervey Bay region $220 145 $220 145 4655 Hervey Bay/ Pialba/ Scarness/ Urangan $220 141 $220 140 BUnDABeRG ReGIonAL Median house and unit prices The Bundaberg unit market had been impacted by an oversupply over last year but that is starting to clear as sellers Bundaberg recorded the third top performance for median adjust their prices to meet the market. house price growth of all major regions over the December quarter. Units in Bundaberg only accounted for around 15 per cent of all residential sales over the 2010 calender year, with Bargara Bundaberg’s median house price increased 4.9 per cent to being the only locality to record more than 25 preliminary sales $285,250 over the period. over the period. According to local agents, the region’s popularity with lifestyle buyers was continuing to underpin its performance. Median land prices Many people continue to migrate to the region - especially The median price of land decreased 3.3 per cent to $132,000 from southern states - in search of its lifestyle and agreeable over the December quarter. Preliminary sales numbers for land climate, plus Bundaberg, according to one agent, has the on less than 2,400 sqm were down 11 per cent on the previous “bread and butter property prices of Queensland”. quarter, but stable compared to the previous year. There was a slight slow-down after the floods but activity has Sales in the Bundaberg land market continue to be driven by rebounded to where it was at the end of last year. existing homeowners looking to upgrade to a new home in Over the December quarter specifically, activity was strongest a new subdivision. First home buyers in Bundaberg generally amongst investors and up-graders, but there were also sales to purchase existing properties which are more affordable than people looking to downgrade. building their first home. Sellers have also reportedly taken heed of the current Median rents economic conditions and have adjusted their price expectations to make a sale. The median rent for a three-bedroom house in Bundaberg increased $5 to $265 per week between December 2010 and Investment activity also continues to be healthy, with sales to December 2009. The median rent for a two-bedroom unit local and interstate investors continuing to take place. increased $10 to $200 per week over the same period. Steady performers over the December quarter include Avenell Gross rental yields in Bundaberg held steady for the unit market Heights which recorded a 3.8 per cent median house price rise at 4.3 per cent over the December quarter, while houses eased to $275,000, and Avoca which is up 4.9 per cent to $320,000. 0.2 percentage points to 4.8 per cent as a result of the healthy The median unit and townhouse price decreased 1.1 per cent increase in the median house price in comparison to median to $247,500 over the quarter. rents. Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 22 www.reiq.com.au
  • 23. BRISBANE SURROUNDS HOUSE SALES FRASER COAST HOUSE SALES BRISBANE CITY UNIT SALES <$350,000 <$500,000 <$1m $1m+ TOOWOOMBA UNIT SALES <$350,000 <$500,000 $500,000+ <$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$350,000 <$500,000 $500,000+ DEC 10 34 718 885 291 20 DEC 10 147 40 7 DEC 1 DEC 10 260 511 239 46 DEC 10 43 23 23 DEC 1 41 SEP 10 815 1009 328 16 SEP 10 156 51 9 SEP 1 SEP 10 265 628 270 37 SEP 10 45 26 7 2 SEP 1 BUnDABeRG ReGIonAL 44 775 1111 JUN 10 424 14 JUN 10 182 48 15 JUN 1 JUN 10 254 684 282 47 JUN 10 47 22 5 2 JUN 1 MEDIAN SALES DATA INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL Suburb/ Number of Dec change 12 mths to change change Locality GOLD COAST HOUSE the end of Sales Dec Qtr over SALES over over BUNDABERG HOUSE SALES Qtr 2010 2010 qtr Dec 2010 1yr 5yrs HOUSES BRISBANE SURROUNDS <$350,000 <$500,000 UNIT SALES <$1m $1m+ <$350,000 COAST UNIT FRASER SALES <$500,000 $500,000+ 20 <$250,000 202 <$350,000 <$500,000 <$1m $1m+ BUNDABERG (LGA) ~ DEC 10 BRISBANE CITY LAND SALES $285,250 376 4.9% $285,000 318 3.6% 37 32.6% TOOWOOMBA LAND SALES <$250,000 <$350,000 <$500,000 $500,000+ DEC 1 BUNDABERG (LGA) ^ ~ 49 $370,000 11.4% $350,000 8.0% 40.0% DEC 10 154 39 9 <$250,000 24 <$350,000 <$500,000 $500,000+ <$250,000 <$350,000 $350,000+ AVENELL HEIGHTS ~ DEC 10 98 17 172 $275,000 3.8%79 31 4 $275,000 -2.5% 27.9% DEC 10 16 8 21 DEC 1 AVOCA SEP 10 13 433 $320,000 4.9% $318,000 332 2.9% 49 28.7% SEP 1 DEC 10 14 27 29 12 DECSEP 10 10 181 114 421 2 8 DEC BARGARA ~ 27 $340,000 -7.7% $377,500 7.9% 23.1% SEP 10 20113 231 71 38 SEP 10 20 14 4 6 SEP 1 BRANYAN ^ ~ 9 $387,500 16.7% $360,000 4.3% 12.1% 10 417$253,500 364 5435.0% JUN 10 144 41 9 JUN 1 BUNDABERG EAST ~ 38 SEP 10 54 34 -9.5% 15 $270,000 -0.2% SEPJUN 10 10 56 50 SEP BUNDABERG JUN 10 NORTH 102 10 $233,500 224 -4.7% $255,000 110 4.1% 45 0 27.5% JUN 10 32 24 10 8 JUN 1 BUNDABERG SOUTH 7 $280,000 5.5% $261,000 8.5% 45.0% JUN 10 54 49N/A BUNDABERGINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL WEST 6 N/A 15 36 $259,000 1.6% 31.9% JUN 10 54 72 JUN BURNETT HEADS 7 $311,000 3.7% $298,750 8.6% 35.8% SUNSHINE COAST HOUSE SALES GLADSTONE HOUSE SALES ELLIOTT HEADS ~ 7 $388,000 N/A $310,000 -3.9% 5.1% GOOBURRUM ^ ~ GOLD COAST UNIT SALES <$350,000 5 <$500,000 N/A <$1m N/A $415,000$1m+ N/A N/A BUNDABERG UNIT SALES <$350,000 <$500,000 $500,000+ <$250,000 49 <$350,0005.7% <$500,000 <$1m 15 $1m+ <$250,000 <$350,000 <$500,000 $500,000+ KALKIE ~ BRISBANE SURROUNDS LAND SALES9.7% 42.8% 8 $354,000 $368,500 FRASER COAST LAND SALES KEPNOCK DEC 10 10 307 $266,500 -3.1% 178 $283,500 6.6% 26.0% DEC 10 61 130 30 DEC 10 <$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$350,000 $350,000+ DEC 1 MILLBANK DEC 10 116 68 291 6 N/A269 N/A 178 61 $268,500 9.6% 27.9% DEC 10 14 10 2 2 26 NORVILLE ~ 9 $280,000 20.2% $245,000 0.0% 35.0% DEC 10 SEP 10 27712 322 14 189 76 17 $255,000 -2.4% DEC SEP 10 10 44 90 91 27 4 1 SEP 10 DEC SVENSSON HEIGHTS ~ $236,750 -7.2% 38.6% SEP 10 104 374 282 191 50 20 12 6 3 SEP 1 THABEBAN 46 9 $275,000 N/A $285,000 5.9% 46.2% SEP 10 40 WALKERVALE JUN 10 SEP 10 ~ 15 $225,000 1.8% $231,000 226 436348 77 12 8 32.0% -1.7% SEPJUN 10 10 64 53 3 109 0 25 JUNSEP 10 JUN 10 123 428 405 258 46 JUN 10 28 14 4 3 JUN 1 UNITS & TOWNHOUSES JUN 10 BUNDABERG (LGA) ~ * f 28 417 $247,500 -1.0% $251,350 3 96-4.2%27 16.9% JUN 10 57 31 JUN BARGARA * f 8 $342,500 2.2% $332,500 -0.3% -19.4% INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL SUNSHINE COAST UNIT SALES VACANT URBAN LAND GLADSTONE UNIT SALES BUNDABERG (LGA) * <$250,000 COAST LAND SALES GOLD $132,000 -3.3% <$500,000 41 <$350,000 $140,000 <$1m 27.3% 3.7% $1m+ <$250,000 BUNDABERG LAND <$500,000 <$350,000 SALES $500,000+ BUNDABERG (LGA) ^ ~ 23 $142,000 -3.7% $150,000 3.4% 74.4% <$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$350,000 $350,000+ ASHFIELD * 6 $133,500 N/A $135,000 5.5% N/A DEC 10 58 125 102 84 15 DEC 10 13 13 19 6 DEC 10 BARGARA * f 5 N/A N/A $160,000 -8.0% 10.3% DEC 10 20 11 7 161 DEC BRANYAN * N/A N/A $142,000 N/A N/A DEC 10 58 4 2 SEP 10 BURNETT HEADS ~ f 46 6 140 $102,000 99 N/A 77 $108,000 24 -1.4% 12.2% SEP 10 17 5 4 6 SEP 10 KALKIESEP 10 * 52 2 25 1N/A N/A $130,475 4.4% 29.8% SEP 6 SEP 10 44 02 MOORE PARK BEACH 3 N/A N/A $141,000 N/A N/A JUN 10 45 139 146 87 19 JUN 10 9 9 14 5 JUN 10 WOODGATE * 3 N/A N/A $140,000 2.6% N/A JUN 10 83 41 8 14 JUN JUN 10 44 40 MEDIAN WEEKLY RENTS Suburbs/ Dec Qtr 2010 Dec Qtr 2009 Postcode Localities SUNSHINE COAST LAND SALES Rent ($) New Bonds Rent ($) New Bonds GLADSTONE LAND SALES <$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$350,000 $350,000+ 3 BEDROOM HOUSES BUNDABERG REGIONAL COUNCIL AREA $265 352 $260 368 DEC 10 36 24 19 6 DEC 10 122 9 2 DE 4660 Apple Tree Creek/ Childers/ Woodgate $255 31 $240 33 4670 Bundaberg/ Avoca/ Bargara/ Burnett Heads/ etc. $265 303 $260 320 4671 10 Gin/ Mount Perry SEP Gin 39 18 18 $235 9 18 $200 14 SEP 10 57 4 2 SE 2 BEDROOM FLATS/UNITS 52 47 $205 JU JUN 10 BUNDABERG REGIONAL COUNCIL AREA 161 15 $195 11 172 JUN 10 81 13 4670 Bundaberg/ Avoca/ Bargara/ Burnett Heads/ etc. $205 158 $195 169 3 BEDROOM TOWNHOUSES BUNDABERG REGIONAL COUNCIL AREA $275 12 $275 14 4670 Bundaberg/ Avoca/ Bargara/ Burnett Heads/ etc. $275 12 $275 14 Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 23 www.reiq.com.au
  • 24. <$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$350,000 <$500,000 $500,000+ BRISBANE SURROUNDS LAND SALES FRASER COAST LAND SALES QUEENSLAND MAR K ET <$250,000 DEC 10 116 291 <$350,000 269 <$500,000 178 61 $500,000+ DEC 10 <$250,000 14 10 <$350,000 2 2 $350,000+ DEC 1 MONITOR 277 76 17 14 DEC 10 DEC 10 91 4 1 D SEP 10 104 374 282 191 50 SEP 10 20 12 6 3 SEP 1 SEP 10 436 77 12 8 SEP 10 53 30 123 428 405 258 46 JUN 1 Contents 10 JUN JUN 10 28 14 4 3 GLADstone ReGIonAL 417 JUN 10 96 27 3 JUN 10 57 31 J Median house and unit prices INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL SUNSHINE COAST UNIT SALES GLADSTONE UNIT SALES REIQ figures show the Gladstone property market remained <$250,000 COAST LAND<$500,000 GOLD <$350,000 SALES <$1m $1m+ <$250,000 <$350,000 <$500,000 $500,000+ relatively steady, over the December quarter, recording a 0.8 BUNDABERG LAND SALES per cent median increase<$350,000 <$250,000 to $395,000 over the period. For the <$500,000 $500,000+ <$250,000 <$350,000 $350,000+ DEC 10 58 125 102 84 15 DEC 10 13 13 19 6 DEC 10 year ending December 2010, the region posted a 7.2 per cent D increase.10 20 11 7 16 numbers, however, were up about DEC Preliminary sales DEC 10 58 4 2 35 per cent10 last quarter’s results. 99 SEP on 46 140 77 24 SEP 10 17 5 4 6 SEP 10 SEP 10 52 25 16 REIQ accredited agencies servicing Gladstone say the figures SEP 10 44 02 of only a 0.8 per cent median JUN 10 45 139 increase are surprising87 146 given the 19 JUN 10 9 9 14 5 JUN 10 very busy quarter in terms of sales, with strong buyer demand. JUN 10 83 41 8 14 JUN 10 44 40 J TOOWOOMBA HOUSE SALES ROCKHAMPTON HOUSE SALES Following multibillion-dollar LNG announcements in the <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+ region, the Gladstone property market activity rose rapidly; heavily influenced by investor interest. 230 110 SUNSHINE COAST LAND SALES 27 DEC 10 DEC 10 GLADSTONE 142 LAND SALES 59 18 Just south of Gladstone, Boyne Island’s median house price <$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$350,000 $350,000+ increased 4 per cent to $440,000 with a 60 per cent jump in SEP 10 266 97 16 SEP 10 162 62 22 preliminary sales numbers. 24 DEC 10 36 19 6 DEC 10 122 9 2 Calliope and West Gladstone also performed well 88 the13 JUN 10 272 for JUN 10 128 62 25 quarter with a 2 per cent ($408,000)18 1.9 per cent ($345,000) SEP 10 39 18 and 9 SEP 10 57 4 2 increase respectively. West Gladstone has attracted a lot of interest throughout the quarter, especially from investors and JUN 10 52 47 15 11 JUN 10 81 13 first-time buyers. FRASER COAST HOUSE SALES MACKAY HOUSE SALES Agents in the<$350,000 also reporting an extremely active first area are <$500,000 $500,000+ <$350,000 <$500,000 $500,000+ home buyer segment this quarter. DEC 10 147 40 7 DEC 10 53 164 59 The unit and townhouse market in Gladstone performed well over the period with preliminary sales numbers up compared Median land prices6 to the 10 SEP previous quarter. The median unit and townhouse price 156 51 9 SEP 10 77 148 Gladstone’s median vacant land price recorded a 3.2 per cent 54 increased 40.2 per cent to $345,000 for the period. increase to $184,900 over the December quarter. This can be 14 TheJUN 10 market in Gladstone is relatively small and 15 unit 182 48 therefore is largely attributed to the varying number of waterfront blocks JUN 10 70 150 51 more likely to be impacted by any varying quality of stock sold sold in Agnes Water. Preliminary vacant land sales numbers over a particular period. were also up about 46 per cent on last quarter’s figures. The quarter sawBUNDABERG HOUSE SALES development the completion of the Aspects Agnes Water was the top performing vacant urban land suburb TOWNSVILLE HOUSE SALES – the first waterfront development in Gladstone – which in the region recording a 19.2 per cent$500,000+ to $155,000. <$350,000 <$500,000 increase <$350,000 <$500,000 $500,000+ has been the major driver of the sudden price increase over Kirkwood was also a strong performing suburb with a 6.7 per the DEC 10 with some of these units selling for more than quarter cent increase170 $200,000. DEC 10 to 234 63 154 39 9 $700,000. The SEP 10 reduced number of more affordable units in South and Median rents SEP 10 178 214 57 181 42 8 West Gladstone also contributed to the region’s quarterly Coinciding with a very tight rental market, the median rent for movement in median sale price. a three-bedroom house in Gladstone increased $30 to $320 JUN 10 144 41 9 JUN 10 159 198 55 per week between December 2010 and December 2009. The median rent for a two-bedroom unit increased $20 to $240 per week over the same period. GLADSTONE HOUSE SALES The resource sectorHOUSE SALES CAIRNS is causing increased demand on rental <$350,000 <$500,000 $500,000+ properties. Agents are reporting a severe lack of rental <$350,000 <$500,000 $500,000+ properties available with vacancy rates reportedly reaching DEC 10 61 130 30 DEC 10 low levels. very 148 139 55 The median rent for a three-bedroom townhouse in Gladstone, SEP 10 44 90 27 Boyne Island, Clinton and Kin165 increased $130 a week to SEP 10 166 Kora 55 $430.40 JUN 10 64 109 25 JUN 10 139 118 43 Please see page 38 for legend and further notes Issue 9 - December Quarter 2010 page 24 www.reiq.com.au
  • 25. GLADstone ReGIonAL MEDIAN SALES DATA MEDIAN SALES DATA Suburb/ Number of Dec change 12 mths to change change Suburb/ Number of Dec change 12 mths to change change Locality Sales Dec Qtr over the end of over over Locality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs Qtr 2010 2010 qtr Dec 2010 1yr 5yrs HOUSES VACANT URBAN LAND continued GLADSTONE (LGA) 221 $395,000 0.8% $385,000 7.2% 67.4% CLINTON 17 $189,900 N/A $187,450 N/A 94.3% GLADSTONE (LGA) ^ ~ 27 $451,500 -13.2% $496,000 17.4% 65.3% GLEN EDEN * 22 $197,500 1.3% $192,500 4.1% 63.8% BOYNE ISLAND 24 $440,000 4.0% $430,000 8.3% 68.6% KIRKWOOD * 6 $200,000 6.7% $185,000 2.8% N/A CALLIOPE 20 $408,000 2.0% $399,000 8.1% 95.8% SOUTH GLADSTONE * 7 $187,000 N/A $200,000 N/A 135.3% CLINTON ~ 30 $382,000 -5.7% $383,000 3.5% 54.7% GLEN EDEN ~ * 9 $403,000 -15.7% $443,750 1.1% 101.7% KIN KORA 11 $390,000 0.6% $385,000 7.2% 80.3% KIRKWOOD 7 $500,000 N/A N/A N/A N/A NEW AUCKLAND ~ 24 $385,000 -3.1% $372,000 -3.4% 67.6% MEDIAN WEEKLY RENTS SOUTH GLADSTONE 18 $354,000 -0.3% $355,000 7.8% 73.2% Suburbs/ Dec Qtr 2010 Dec Qtr 2009 Postcode SUN VALLEY 9 $347,000 N/A $357,000 N/A 78.5% Localities Rent New Rent New ($) Bonds ($) Bonds TANNUM SANDS ~ 23 $435,000 -8.2% $453,000 1.8% 42.7% TELINA * ~ 6 N/A N/A $445,000 24.0% 74.5% 3 BEDROOM HOUSES WEST GLADSTONE 16 $345,000 1.9% $350,000 9.4% 79.5% GLADSTONE REGIONAL COUNCIL AREA $320 212 $290 229 4677 Agnes Water/ Miriam Vale $270 19 $250 12 UNITS & TOWNHOUSES 4680 Gladstone/ Boyne Island/ Clinton/ Kin Kora/ etc. $330 185 $290 210 GLADSTONE (LGA) - * f 49 $345,000 40.2% $340,000 13.3% 106.1% GLADSTONE CITY * f 28 $350,000 N/A $375,000 N/A 150.0% 2 BEDROOM FLATS/UNITS GLADSTONE REGIONAL COUNCIL AREA $240 139 $220 146 VACANT URBAN LAND 4680 Gladstone/ Boyne Island/ Clinton/ Kin Kora/ etc. $240 135 $220 138 GLADSTONE (LGA) 91 $184,900 3.2% $180,000 0.0% 74.8% GLADSTONE (LGA) ^ ~ * 42 $211,000 8.2% $200,000 0.0% 66.7% 3 BEDROOM TOWNHOUSES AGNES WATER ~ f 8 $155,000 19.2% N/A N/A N/A GLADSTONE REGIONAL COUNCIL AREA $430 23 $300 37 BOYNE ISLAND * f 4 N/A N/A $200,000 -4.8% 86.0% 4680 Gladstone/ Boyne Island/ Clinton/ Kin Kora/ etc. $430 23 $300 37 CALLIOPE * 21 $165,000 3.8% $159,000 17.8% 144.6% CALLIOPE ^ * 16 $217,500 N/A $185,000 N/A 60.9% RoCKHAMPton ReGIonAL Median house and unit prices The Range experienced a median house price increase of 47.3 per cent to $434,500 however this was mostly due to high-end The Rockhampton residential property market experienced sales that occurred during the quarter. a slight decrease to its median house price of 0.6 per cent to $313,000 over the December quarter. This is on the back of Norman Gardens, Wandal and Allenstown recorded median a 3.7 per cent increase to its median house price for the year house price increases of 17.4 per cent ($500,000), 16.3 per cent ending December 2010. Preliminary sales numbers, for the ($325,500), and 9.4 per cent ($262,000), respectively. These quarter, were down marginally on the previous quarter. medians were partly affected by the varying quality of stock sold as well as some new properties in Norman Gardens. However, the mood across the region is generally positive as agents believe the booming Gladstone market will begin to The acreage market has been strong with an increase in impact activity in Rockhampton. Agents have also noted a lack high-end acreage properties selling across various parts of the of investor interest and first home buyers also buying in limited region contributing to a jump in the median acreage house numbers. price (up 26.1 per cent to $498,000). TOOWOOMBA UNIT SALES ROCKHAMPTON HOUSE SALES ROCKHAMPTON UNIT SALES $1m+ <$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+ DEC 10 DEC 10 142 43 59 23 18 23 DEC 10 16 18 14 2016 37 SEP 10 SEP 10 162 45 62 26 22 7 2 SEP 10 23 8 14 428213 47 JUN 10 JUN 10 128 47 62 22 25 5 2 JUN 10 16 12 10 4 Please see page 38 for legend and further notes MACKAY HOUSE SALES SALES FRASER COAST UNIT MACKAY UNIT SALES Issue 9 - December Quarter 2010 page 25 www.reiq.com.au
  • 26. QUEENSLAND MAR K ET MONITORContents RoCKHAMPton ReGIonAL The unit and townhouse market also experienced an increase MEDIAN SALES DATA to its median jumping 5 per cent to $283,500. Suburb/ Number of Dec change 12 mths to change change Locality Sales Dec Qtr over the end of over over Agents have reported very little activity in unit development Qtr 2010 2010 qtr Dec 2010 1yr 5yrs indicating that most sales, throughout the December quarter, HOUSES continued came from existing stock. LAMMERMOOR + * f 4 N/A N/A $435,000 -6.5% 33.3% MOUNT MORGAN ~ 7 $125,000 -13.8% $142,500 -8.1% 87.5% Norman Gardens was the standout performer in the region NORMAN GARDENS ~ * 13 $500,000 17.4% $430,500 14.8% 53.8% recording the most preliminary sales for the quarter. This is PARK AVENUE ~ 18 $268,500 -8.0% $269,750 9.7% 68.6% largely due to a new townhouse estate – Platinum North. ROCKHAMPTON CITY ~ 7 $173,000 N/A $186,000 -11.4% 49.4% THE RANGE ~ 16 $434,500 47.3% $398,750 15.6% 77.2% Median land prices WANDAL ~ 10 $325,500 16.3% $280,000 -0.6% 59.1% WEST ROCKHAMPTON 3 N/A N/A $259,000 3.8% 55.6% Preliminary sales numbers increased marginally on last YEPPOON 14 $378,500 1.4% $368,500 5.3% 30.4% quarter’s results throughout the region, however, the median price for vacant urban land decreased 4.9 per cent to $135,000 UNITS & TOWNHOUSES over the period, largely due to fewer higher quality lots selling ROCKHAMPTON (LGA) - * 39 $287,000 5.3% $284,500 3.5% 63.5% compared to the previous quarter. BERSERKER 1 N/A N/A $230,000 N/A 54.4% NORMAN GARDENS * 11 $290,000 N/A $280,000 N/A N/A There are reportedly a number of new sub-divisions currently YEPPOON - * 6 N/A N/A $363,500 23.2% 69.7% going through the approval process that the region should expect to see at some stage this year. VACANT URBAN LAND ROCKHAMPTON (LGA) ~ * 79 $135,000 -4.9% $138,000 -4.8% 30.2% Median rents ROCKHAMPTON (LGA) ^ ~ * GRACEMERE * 16 37 $202,500 $134,000 -8.0% 0.8% $205,000 $130,000 2.5% 18.2% 122.8% 85.7% The median rent for a three-bedroom house in Rockhampton GRACEMERE ^ 5 $185,000 N/A N/A N/A N/A increased $10 to $300 per week between December 2010 and LAMMERMOOR + * 4 N/A N/A $147,000 0.7% 24.1% MULAMBIN + * f 7 $194,000 N/A $160,000 6.7% 18.5% December 2009. However, the median rent for a two-bedroom NORMAN GARDENS 9 $178,000 2.3% $175,000 3.6% 56.3% unit dropped $5 to $220 per week over the same period with a ROCKYVIEW ^ * 1 N/A N/A $196,000 -1.5% 113.0% large increase to the amount of new bonds lodged. YEPPOON * G 4 N/A N/A $152,250 -10.4% 35.9% Agents are reporting a “rock-solid” rental market with it ZILZIE ~ * f 13 $160,000 6.7% $185,000 15.6% 36.0% showing no signs of slowing down with consistently strong demand across the region for rental properties. MEDIAN WEEKLY RENTS Suburbs/ Dec Qtr 2010 Dec Qtr 2009 Postcode Localities Rent New Rent New ROCKHAMPTON LAND SALES ($) Bonds ($) Bonds <$250,000 <$350,000 $350,000+ 3 BEDROOM HOUSES ROCKHAMPTON REGIONAL COUNCIL AREA $300 423 $290 396 DEC 10 89 4 2 Rockhampton region $290 252 $280 234 4700 Allenstown/ Depot Hill/ Rockhampton City/ etc. $285 89 $280 82 SEP 10 70 3 0 4701 Berserker/ Park Avenue/ Norman Gardens/ etc. $295 163 $285 152 Livingstone region $300 160 $300 150 4702 Coowonga/ Keppel Sands/ The Caves/ etc. $280 50 $280 46 JUN 10 67 40 4703 Cooee Bay/ Rosslyn/ Taranganba/ Yeppoon/ etc. $330 86 $310 83 4710 Emu Park/ Zilzie $290 23 $280 19 4714 Mount Morgan $170 11 $165 12 2 BEDROOM FLATS/UNITS MEDIAN SALES DATA SALES MACKAY LAND ROCKHAMPTON REGIONAL COUNCIL AREA $220 271 $220 214 <$250,000 <$350,000 $350,000+ Suburb/ Number of Dec change 12 mths to change change Rockhampton region $215 202 $210 168 Locality Sales Dec Qtr over the end of over over 4700 Allenstown/ Depot Hill/ Rockhampton City/ etc. $220 59 $240 55 Qtr 2010 2010 qtr Dec 2010 1yr 5yrs DEC 10 37 7 5 4701 Berserker/ Park Avenue/ Norman Gardens/ etc. $215 143 $210 113 HOUSES Livingstone region $270 67 $280 46 ROCKHAMPTON (LGA) 219 $313,000 -0.6% $318,000 3.7% 68.7% 4703 Cooee Bay/ Rosslyn/ Taranganba/ Yeppoon/ etc. $270 62 $280 43 SEP 10 68 13 3 ROCKHAMPTON (LGA) ^ ~ 40 $498,000 26.1% $429,500 -1.3% 59.1% 4714 Mount Morgan n.a. 2 n.a. 0 ALLENSTOWN ~ 7 $262,500 9.4% $287,500 20.8% 78.6% JUN 10 BERSERKER ~ 20 81 $242,500 -10.2% $242,000 2 0.8% 4 63.8% 3 BEDROOM TOWNHOUSES FRENCHVILLE ~ 23 $325,000 -6.8% $330,500 1.7% 45.6% ROCKHAMPTON REGIONAL COUNCIL AREA $320 11 $280 5 GRACEMERE 19 $320,000 -0.6% $330,000 3.4% 69.7% Rockhampton region n.a. 3 n.a. 2 GRACEMERE ^ ~ 4 N/A N/A $360,000 N/A 15.7% Livingstone region $320 8 n.a. 3 KAWANA ~ TOWNSVILLE LAND SALES 11 $288,000 -10.0% $310,000 5.4% 63.2% 4714 Mount Morgan n.a. 0 n.a. 0 KOONGAL 6 N/A N/A $273,000 3.4% 71.7% <$250,000 <$350,000 $350,000+ Please see page 38 for legend and further notesIssue 9DEC 10 - December Quarter 2010 59 7 4 page 26 www.reiq.com.au
  • 27. MACKAY ReGIonAL Median house and unit prices Median rents Mackay was the standout performer of all major regions for The median rent for a three bedroom house in Mackay median house price growth over the December quarter. increased $20 to $390 per week between December 2010 and December 2009. The median rent for a two-bedroom unit Mackay’s median house price increased 7 per cent to $420,000 increased $15 to $295 per week over the same period. over the period on the back of an increase in higher-end sales in the region’s northern beachside suburbs. Robust demand for rental properties continues to be recorded TOOWOOMBA HOUSE SALES in the region, especially given the influx of SALES ROCKHAMPTON HOUSE new residents for According to local agents, sales <$500,000 <$350,000 in the $500,000-plus price $500,000+ <$350,000 the mines. work opportunities in <$500,000 $500,000+ bracket had been the most predominant over the December quarter. DEC 10 230 110 27 Gross rental yields for both houses and59 DEC 10 142 units in Mackay are 18 the second highest for the major regional centres, at 4.8 and There were a number of sales to people shifting to Mackay 5.1 per cent respectively. New unit stock in Mackay would be for employment in the mines 266 the majority of these new 16 SEP 10 with 97 SEP 10 162 62 22 a major contributing factor to the strong rental returns for the residents looking for homes in the middle to upper end of the region. 141 market. JUN 10 272 88 13 JUN 10 128 62 25 Buyers have been coming from overseas – particularly South Africa – and from in Brisbane and interstate, who are interested in larger, well-located properties. FRASER COAST HOUSE SALES MACKAY HOUSE SALES Demand has continued to be robustUNIT SALES TOOWOOMBA from this$500,000+ of section ROCKHAMPTON UNIT SALES $1m+ buyers in January<$350,000 <$350,000 and February,<$500,000 <$500,000 coverage <$250,000 especially as media $500,000+ <$350,000 <$500,000 $500,000+ <$250,000 <$350,000 <$500,000 $500,000+ of new mines opening in the region had become a regular DEC 10 occurrence. 147 40 7 DEC 10 53 164 59 DEC 10 43 23 23 DEC 10 16 18 14 2 Investors are also again taking an interest in Mackay given the8 16 SEP 10 156 51 9 SEP 10 77 148 54 37 region currently has low 45 SEP 10 vacancy rates and 26 rent returns. solid 7 2 SEP 10 23 8 14 4424 14 Steady performers for price growth and preliminary sales over 15 JUN 10 182 48 JUN 10 70 150 512 47 the quarter included Bucasia, North Mackay and South Mackay. JUN 10 47 22 5 2 JUN 10 16 12 10 4 The median unit and townhouse price in Mackay also recorded a positive result over the quarter, up 3.4 per cent to $300,000. BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALES The unit market continues to represent a SALESproportion of small+ <$350,000 COAST UNIT FRASER <$500,000 $500,000+ MACKAY UNIT SALES <$350,000 <$500,000 $500,000+ total sales in the<$250,000with <$350,000 region 41 preliminary sales taking place $1m+ TOOWOOMBA LAND SALES cent on the over the quarter. This number was down 26 per <$500,000 $500,000+ <$250,000 <$350,000 <$500,000 ROCKHAMPTON LAND SALES $500,000++ DEC 10<$250,000 154 <$350,000 $350,000+ 9 39 DEC 10 170 234 63 same period last year. <$250,000 <$350,000 $350,000+ DEC 10 16 8 21 DEC 10 9 19 9 4 49 First home buyers continue to114 the predominant buyers of DEC 10 be 1 2 42 DEC 1010 SEP 178 89 214 57 4 2 SEP 10 181 8 units and townhouses in Mackay given it provides them with SEP 10 20 14 4 6 SEP 10 20 26 9 7 an affordable entry into the market. 56 144 50 SEP 10 159 198 0 54 JUN 10 41 9 SEP 1010 JUN 70 3 55 JUN 10 32 24 10 8 JUN 10 14 12 9 8 Median land prices JUN 10 54 72 JUN 10 67 40 The median price of land in Mackay decreased 1 per cent to $193,000. Preliminary sales numbers were down on the GLADSTONE HOUSE SALES CAIRNS HOUSE SALES BUNDABERG UNIT SALES previous quarter, however, agents are reporting ample land TOWNSVILLE UNIT SALES <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+1m becoming available especially in Rural View and Glenella, as $1m+ <$250,000 <$350,000 FRASER COAST LAND SALES <$500,000 $500,000+ <$250,000 <$350,000 MACKAY LAND SALES <$500,000 $500,000+ well as the 10 DEC northern beach suburbs. 130 61 30 DEC 10 148 139 55 <$250,000 <$350,000 $350,000+ <$250,000 <$350,000 $350,000+ 14 DEC 10 26 44 18 17 10 Although no sales were recorded in2Ooralea during the 2 DEC 10 26 December 10 DEC 10 SEP quarter, the suburb recorded the highest number of 44 91 90 27 4 1 DEC 10 SEP 10 37 166 7 165 5 55 preliminary10 SEP land sales 20 the 2010 Calender6 for 12 year in the Mackay 3 SEP 10 22 31 21 11 40 region, as well as posting a solid 4.7 per cent increase in its SEP 10 JUN 10 53 64 3 0 109 25 SEP 10 JUN 10 139 68118 43 13 38 46 annual median. JUN 10 28 14 4 3 JUN 10 23 38 19 12 3 JUN 10 57 31 JUN 10 81 2 4 GLADSTONE UNIT SALES CAIRNS UNIT SALESm $1m+ BUNDABERG LAND <$250,000 <$350,000 SALES <$500,000 $500,000+ TOWNSVILLE LAND SALES <$250,000 <$350,000 <$500,000 $500,000++ <$250,000 <$350,000 $350,000+ <$250,000 <$350,000 $350,000+ Please see page 38 for legend and further notes DEC 10 13 13 19 6 DEC 10 124 46 24 25 Issue 9DEC 10 - December Quarter 2010 58 4 2 page 27 DEC 10 59 www.reiq.com.au 7 4
  • 28. QUEENSLAND MAR K ET MONITORContents MACKAY ReGIonAL MEDIAN SALES DATA MEDIAN SALES DATA Suburb/ Number of Dec change 12 mths to change change Suburb/ Number of Dec change 12 mths to change change Locality Sales Dec Qtr over the end of over over Locality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs Qtr 2010 2010 qtr Dec 2010 1yr 5yrs HOUSES VACANT URBAN LAND continued MACKAY (LGA) 276 $420,000 7.0% $407,250 5.8% 34.9% MARIAN 2 N/A N/A $153,000 4.1% 45.7% MACKAY (LGA) ^ ~ 36 $482,500 7.2% $485,000 3.2% 44.1% MIRANI * 0 N/A N/A $119,000 3.5% N/A ANDERGROVE 19 $420,000 10.5% $395,000 0.0% 27.4% NORTH MACKAY * 2 N/A N/A $175,000 N/A N/A BEACONSFIELD 11 $405,000 -2.4% $410,000 2.6% 30.2% OORALEA * 0 N/A N/A $190,500 4.7% N/A BLACKS BEACH ~ f 11 $475,000 N/A $477,500 1.1% 27.5% RURAL VIEW 4 N/A N/A $193,000 4.3% 45.1% BUCASIA ~ 22 $426,250 8.2% $422,500 0.6% 31.4% WALKERSTON ~ * 1 N/A N/A $195,000 25.8% 50.9% EAST MACKAY ~ * 13 $505,000 25.1% $425,000 17.3% 34.1% EIMEO ~ 16 $450,000 N/A $438,000 -2.7% 28.8% GLENELLA ~ 23 $482,000 -6.0% $515,000 2.7% 25.6% MEDIAN WEEKLY RENTS MACKAY 4 N/A N/A $387,500 11.0% 27.7% Suburbs/ Dec Qtr 2010 Dec Qtr 2009 Postcode Localities Rent New Rent New MARIAN ~ 11 $425,000 N/A $430,000 12.9% 72.0% ($) Bonds ($) Bonds MOUNT PLEASANT ~ 8 $415,000 6.4% $417,500 -0.6% 17.6% NORTH MACKAY ~ 16 $372,500 12.9% $355,000 8.0% 40.3% 3 BEDROOM HOUSES OORALEA ~ 10 $520,000 5.1% $490,000 12.0% 42.0% MACKAY REGIONAL COUNCIL AREA $390 330 $370 314 RURAL VIEW 5 N/A N/A $475,000 8.0% 30.1% 4737 Sarina/ Sarina Beach/ Armstrong Beach $360 26 $340 22 SARINA ~ G 6 N/A N/A $291,250 -11.1% 49.4% 4740 Andergrove/ Beaconsfield/ Mackay/ Ooralea/ etc. $395 257 $375 248 SLADE POINT ~ f 8 $440,000 32.1% $376,250 7.2% 35.3% 4741 Ball Bay/ Eton/ Farleigh/ Pleystowe/ Seaforth/ etc. $300 6 $270 9 SOUTH MACKAY 25 $378,990 2.7% $369,000 5.4% 34.2% 4750 Bucasia/ Shoal Point $420 15 $360 12 WALKERSTON 9 $435,000 2.4% $443,750 7.7% 38.7% 4751 Greenmount/ Palmyra/ Victoria Plains/ Walkerston $350 16 $420 7 WEST MACKAY 21 $372,500 -1.3% $380,000 8.6% 34.8% 2 BEDROOM FLATS/UNITS UNITS & TOWNHOUSES MACKAY REGIONAL COUNCIL AREA $295 259 $280 264 MACKAY (LGA) ~ * 41 $300,000 -2.6% $309,000 4.7% 41.1% 4737 Sarina/ Sarina Beach/ Armstrong Beach $225 18 $200 9 ANDERGROVE ~ * 4 N/A N/A $161,000 N/A N/A 4740 Andergrove/ Beaconsfield/ Mackay/ Ooralea/ etc. $300 229 $280 241 MACKAY * 11 $265,000 -0.5% $298,000 11.0% 49.0% 4750 Bucasia/ Shoal Point $250 7 $280 8 NORTH MACKAY 5 N/A N/A $292,500 3.1% 66.2% SOUTH MACKAY 4 N/A N/A $307,000 5.7% 61.6% 3 BEDROOM TOWNHOUSES MACKAY REGIONAL COUNCIL AREA $410 27 $380 13 VACANT URBAN LAND 4740 Andergrove/ Beaconsfield/ Mackay/ Ooralea/ etc. $405 25 $380 12 MACKAY (LGA) * 43 $193,000 -1.0% $183,000 5.8% 35.6% MACKAY (LGA) ^ ~ 6 N/A N/A $271,000 8.4% 46.5% BLACKS BEACH 1 N/A N/A $192,000 1.6% 5.5% BUCASIA * 5 $166,500 -3.1% $165,000 0.0% 24.1% EIMEO 7 $186,000 N/A N/A N/A N/A toWnsVILLe CItY Median house and unit prices Douglas increased 6.3 per cent to $440,000; Wulguru is up 6.2 per cent to $332,000; and Idalia increased 4.8 per cent to It seemed the Townsville region clawed back any losses from $447,000 over quarter. the last quarter and more, with its median house price gaining 4.1 per cent over the December quarter to be $380,000. Its Douglas, containing the James Cook University and the median house price was also up 2.7 per cent change over the Townsville Hospital, is known to offer new homes where year ending December. buyers can snap up good deals. The Bunnings and community shopping precinct are said to be driving interest in the area. REIQ accredited agents in the area reported a very busy quarter with increased consumer confidence, this continued into the Conversely, the unit and townhouse market in Townsville New Year despite the natural disasters that shook most of the experienced a decrease in its median price - down 3.5 per cent State in January and February. to $300,000. Many of the agents feel this is the start of forward momentum Agents in the area are still reporting an abundance of units as activity in the region begins to slowly strengthen. with supply outweighing demand. However, the preliminary sales numbers were about 20 per cent greater than last quarter. Without the median price being affected by variables such as varying quality of stock sold, Douglas, Wulguru and Idalia recorded the strongest median price increases over the quarter. Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 28 www.reiq.com.au
  • 29. toWnsVILLe CItY West End and North Ward were the only suburbs qualifying MEDIAN SALES DATA for a median price increase over the period – up 8 per cent Suburb/ Number of Dec change 12 mths to change change ($305,000) and 1.5 per cent ($347,500), respectively. These Locality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr” Dec 2010 1yr” 5yrs medians were affected by the varying quantities of new properties sold as well as the quality of stock sold over the HOUSES TOWNSVILLE CITY (LGA) 467 $380,000 4.1% $375,000 2.7% 45.9% quarter. TOWNSVILLE CITY (LGA) ^ 43 $456,000 4.8% $440,000 3.2% 50.4% AITKENVALE 12 $346,500 -2.9% $341,000 2.4% 45.7% Median land prices ALICE RIVER ^ ~ 9 $475,000 -8.2% $486,000 5.7% 54.3% The median price of vacant urban HOUSETownsville decreased ROCKHAMPTON land in SALES ANNANDALE 30 $465,750 2.9% $472,500 7.4% 39.0% BLUEWATER PARK ^ 2 N/A N/A $395,000 N/A 41.3% 6.7 per cent over the December quarter to $151,000, with <$350,000 <$500,000 $500,000+ BOHLE PLAINS ~ * 28 $440,000 -3.3% $450,000 2.3% N/A preliminary sales numbers holding relatively steady. BURDELL * 16 $430,000 11.7% $395,000 9.7% N/A DEC 10 142 59 18 BUSHLAND BEACH 28 $400,750 0.7% $415,000 0.6% 27.0% Bushland Beach, a master-planned community of Townsville’s CONDON ~ 18 $313,500 -6.7% $330,000 1.2% 38.8% only beachside estate, had the highest number of preliminary16 SEP 10 162 62 22 CRANBROOK ~ 17 $344,000 10.4% $331,000 3.0% 45.8% sales for the quarter, however; its median was down 3.8 per CURRAJONG ~ 9 $260,000 N/A $295,000 -8.1% 34.1% cent to $150,000. This figure was impacted by waterfront and DEERAGUN 10 $345,375 0.1% $350,000 4.5% 89.2%13 new properties sold. JUN 10 128 62 25 DOUGLAS 15 $440,000 6.3% $430,000 4.4% 44.3% GARBUTT 7 $300,000 N/A N/A N/A N/A Median rents GULLIVER ~ 6 N/A N/A $287,500 -4.2% 35.3% HEATLEY ~ 10 $301,500 0.5% $300,000 -0.8% 33.9% The median rent for a three-bedroom house in Townsville MACKAY HOUSE SALES HERMIT PARK ~ 11 $425,000 32.9% $380,000 4.8% 38.7% remained unchanged at $330 per weekSALES December between ROCKHAMPTON LAND $500,000+ TOOWOOMBAUNIT SALES IDALIA 21 $477,000 4.8% $480,250 0.1% 36.2% <$350,000 <$500,000 ROCKHAMPTON LAND SALES 2010 and December 2009. Whereas, the median rent for a two- <$250,000 <$350,000 <$500,000 $350,000+ KELSO 27 $380,000 2.7% $325,000 0.0% 56.3%0+ <$250,000 <$350,000 $500,000+ <$250,000 <$350,000 0.5% $350,000+ bedroom unit dropped $15 to $265 per week over the same DEC 10 53 164 59 KELSO ^ ~ 8 $507,500 $445,000 -1.1% 44.7% KIRWAN 63 $360,000 -2.0% $375,000 0.0% 35.9% period. DEC 10 114 21 DEC 10 16 18 14 2 DEC 10 MOUNT LOUISA 27 89 $420,000 -2.2% $405,000 3.6% 4 2 40.1% Agents10 SEP have reported an active rental market post-Christmas 77 148 54 MOUNT LOW * 9 $347,000 -15.8% $385,000 N/A N/A and 10 SEP despite Cyclone Yasi. They 0 56 5 are also reporting that those MOUNT LOW ^ SEP 10 3 70 N/A N/A $425,000 3 0 2.4% 56.8% who are saving for 23 8 14 4 SEP 10 homes are staying in their rental properties MUNDINGBURRA ~ 8 $356,000 N/A $365,000 -1.4% 40.4% JUN 10 70 150 51 NORTH WARD 9 $625,000 N/A $611,500 N/A 26.1% a little longer. JUN 10 54 72 PIMLICO ~ JUN 10 467 N/A N/A $342,500 40 -3.5% 24.5% JUN 10 16 12 10 4 RAILWAY ESTATE 10 $339,500 N/A $350,000 4.8% 32.1% RASMUSSEN ~ 13 $290,000 3.6% $295,000 -4.1% 36.6% TOWNSVILLE HOUSE SALES SOUTH TOWNSVILLE 2 N/A N/A $387,500 2.0% 50.5% THURINGOWA CENTRAL 4 N/A N/A $374,000 8.4% 52.7% FRASER <$350,000 COAST LAND <$500,000 MACKAY UNIT SALES SALES $500,000+ VINCENT ~ MACKAY LAND SALES 9 $283,000 N/A $285,000 -4.7% 29.5%0+ <$250,000 <$250,000 <$350,000 <$500,000$350,000+ <$350,000 $500,000+ WEST END ~ <$250,000 12 <$350,000 -2.6% $370,000 $350,000+ $371,500 -2.2% 48.6% DEC 10 170 234 63 WULGURU 11 $332,000 6.2% $326,000 1.4% 48.2% DEC DEC 10 10 9 19 91 9 4 4 1 DEC 10 37 7 5 8 SEP 10 178 214 57 SEP 10 10 SEP 2053 30 26 9 7 SEP 10 68 13 3 JUN 10 159 198 55 JUN 10 10 JUN 14 57 12 9 31 8 JUN 10 81 2 4 CAIRNS HOUSE SALES BUNDABERG UNIT SALES TOWNSVILLE LAND SALES <$350,000 <$500,000 $500,000+ TOWNSVILLE LAND SALES <$250,000 <$250,000 <$350,000 <$350,000 <$500,000 $350,000+ $500,000+ <$250,000 <$350,000 $350,000+0+ DEC 10 148 139 55 DEC DEC 10 10 26 58 44 18 17 4 2 DEC 10 59 7 4 SEP 10 166 165 55 SEP 10 10 SEP 22 4431 21 02 11 SEP 10 55 4 2 JUN 10 139 118 43 44 38 JUN 10 58 12 5 JUN JUN 10 10 23 19 4 0 12 GLADSTONE LAND SALES CAIRNS UNIT SALES CAIRNS LAND SALES0+ <$250,000 <$250,000 <$350,000<$500,000 $350,000+ <$350,000 $500,000+ <$250,000 <$350,000 $350,000+ Please see page 38 for legend and further notes Issue 9 - December Quarter 2010 page 29 www.reiq.com.au
  • 30. QUEENSLAND MAR K ET MONITOR Contents toWnsVILLe CItY MEDIAN SALES DATA MEDIAN WEEKLY RENTS Suburb/ Number of Dec change 12 mths to change change Suburbs/ Dec Qtr 2010 Dec Qtr 2009 Postcode Locality Sales Dec Qtr over the end of over over Localities Rent New Rent New Qtr 2010 2010 qtr” Dec 2010 1yr” 5yrs ($) Bonds ($) Bonds UNITS & TOWNHOUSES 3 BEDROOM HOUSES TOWNSVILLE CITY (LGA) * 105 $300,000 -3.5% $317,500 1.8% 51.2% TOWNSVILLE CITY COUNCIL AREA $330 623 $330 633 DOUGLAS * 4 N/A N/A $312,000 0.0% 17.7% Townsville Region $335 331 $330 352 HERMIT PARK 6 N/A N/A $249,000 8.3% 50.9% 4810 Belgian Gardens/ Castle Hill/ Townsville City/ etc. $370 61 $350 56 KIRWAN ~ * 13 $260,000 N/A $285,000 -1.7% 75.4% 4811 Cluden/ Idalia/ Oak Valley/ Stuart/ Wulguru/ etc. $340 22 $320 28 NELLY BAY * f 2 N/A N/A $532,000 41.1% N/A 4812 Currajong/ Gulliver/ Mundingburra/ Rosslea/ etc. $320 43 $320 51 NORTH WARD ~ * 10 $347,500 1.5% $355,000 -4.1% 33.5% 4814 Aitkenvale/ Cranbrook/ Douglas/ Mt Louisa/ etc. $330 194 $330 198 ROSSLEA ~ * 4 N/A N/A $340,000 25.9% 88.9% 4819 Horseshoe Bay/ Nelly Bay/ Picnic Bay/ etc. $310 11 $290 19 SOUTH TOWNSVILLE * ROCKHAMPTON HOUSE $395,000 11 $340,000 N/A SALES 17.9% 38.6% Thuringowa Region $330 292 $325 281 TOWNSVILLE CITY * f <$350,000 17 <$500,000 N/A $400,000 $500,000+ -8.7% $470,000 31.0% 4815 Condon/ Kelso/ Pinnacles/ Rasmussen/ etc. $320 108 $300 99 WEST END * 12 $305,000 8.0% $300,000 -7.7% 68.5% 4816 Balgal Beach/ Paluma/ Rollingstone/ etc. $280 10 $320 77 DEC 10 142 59 18 4817 Alice River/ Kirwan/ Thuringowa Central/ etc. $350 112 $340 128 VACANT URBAN LAND 4818 Black River/ Bushland Bch/ Deeragun/ Mt Low/ etc. $315 62 $330 47 TOWNSVILLE CITY (LGA) ~ * 63 $151,000 -6.7% $160,000 -2.4% 38.1% 16 SEP 10 TOWNSVILLE CITY (LGA) ^ ~ 162 7 N/A N/A $225,000 22 62 9.8% 109.3% 2 BEDROOM FLATS/UNITS BOHLE PLAINS * 3 N/A N/A $175,000 0.0% 56.1% TOWNSVILLE CITY COUNCIL AREA $265 683 $275 68113 BURDELL * 3 N/A N/A $155,000 -12.7% 128.8% Townsville Region $270 614 $280 630 JUN 10 128 62 25 BUSHLAND BEACH ~ * f 21 $150,000 -3.8% $152,000 0.3% 52.0% 4810 Belgian Gardens/ Castle Hill/ Townsville City/ etc. $300 319 $300 325 IDALIA * 3 N/A N/A $240,000 -3.2% 64.5% 4811 Cluden/ Idalia/ Oak Valley/ Stuart/ Wulguru/ etc. $340 32 $320 46 KELSO * 3 N/A N/A $149,900 4.9% 56.1% 4812 Currajong/ Gulliver/ Mundingburra/ Rosslea/ etc. $245 168 $250 181 MOUNT LOUISA 2 N/A N/A $167,250 1.4% 33.5% 4814 Aitkenvale/ Cranbrook/ Douglas/ Mt Louisa/ etc. $260 86 $260 65 MOUNT LOW * MACKAY HOUSE SALES 9 $145,000 N/A $159,000 0.0% N/A 4819 Horseshoe Bay/ Nelly Bay/ Picnic Bay/ etc. $220 9 $200 13 RASMUSSEN * <$350,000 1 <$500,000 N/A N/A $500,000+ N/A $136,500 N/A Thuringowa Region $240 69 $250 51 4815 Condon/ Kelso/ Pinnacles/ Rasmussen/ etc. $220 26 $230 13 4817 Alice River/ Kirwan/ Thuringowa Central/ etc. $265 41 $255 36 DEC 10 53 164 59 2 BEDROOM TOWNHOUSES SEP 10 77 148 54 TOWNSVILLE CITY COUNCIL AREA $280 32 $260 44 Townsville Region $280 30 $265 40 4810 Belgian Gardens/ Castle Hill/ Townsville City/ etc. $290 12 $275 18 JUN 10 70 150 51 4812 Currajong/ Gulliver/ Mundingburra/ Rosslea/ etc. $270 14 $260 18 Thuringowa Region n.a. 2 n.a. 4 CAIRns ReGIonAL SALES TOWNSVILLE HOUSE <$350,000 <$500,000 $500,000+ Median house and unit prices Over the quarter, agents reported a marked absence of first DEC 10 170 234 63 home buyer and investor activity. The predominant activity The Cairns residential property market continued to experience over the period was from second and third tier buyers who flat market conditions in the final three months of 2010. were purchasing properties in the middle to upper-level price 8 SEP 10 178 214 57 The Cairns median house price decreased 0.8 0per cent to ranges. $361,000 over the December quarter with preliminary house The region normally has its busy period in the first three salesJUN 10 numbers down about 11 per cent on the previous 159 198 55 months of the year, but agents are currently reporting a quarter. Compared to the year ending 2009, preliminary house continuation of low activity, which was further exacerbated by sales in 2010 were down about 24 per cent. the threat of Cyclone Yasi in early February. CAIRNS HOUSE SALES Local agents say that as well as a lack of confidence, there needs to be a sustained effort to help first home buyers into <$350,000 <$500,000 $500,000+ the market which in turn will allow the market to kick into first gear. DEC 10 148 139 55 Steady performers over the December quarter included Brinsmead, up 5.6 per cent to $415,000; Manunda, up 8.2 per SEP 10 166 165 55 cent to $330,000; and Trinity Beach, which was up 3.4 per cent to $382,500. JUN 10 139 118 43 The Cairns median unit and townhouse price for the December quarter was down 4.4 per cent to $233,000 over the period. Please see page 38 for legend and further notes Issue 9 - December Quarter 2010 page 30 www.reiq.com.au
  • 31. CAIRns ReGIonAL SALES ROCKHAMPTON LAND The unit market has been particularly hard hit in$350,000+ <$250,000 <$350,000 Cairns over MEDIAN SALES DATA the past 12 months. Substantially lower prices are being Suburb/ Number of Dec change 12 mths to change change recorded as sellers have little choice but to lower their price 2 DEC 10 89 4 Locality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr” Dec 2010 1yr” 5yrs expectations if they wish to meet the market and make a sale. HOUSES Prices however remained firm in Cairns City (up 3.20per cent) SEP 10 70 3 CAIRNS (LGA) 342 $361,000 -0.8% $368,000 2.2% 31.4% and Cairns North (up 5.7 per cent) over the December quarter. CAIRNS (LGA) ^ ~ 12 N/A N/A $600,000 4.8% 30.0% New JUN 10 waterfront units in Yorkeys Knob saw the suburbs median 67 40 BAYVIEW HEIGHTS ~ 10 $355,000 -0.4% $347,500 -3.5% 30.8% jump 27.7 per cent over the same period. BENTLEY PARK ~ 28 $320,000 -2.1% $332,500 -0.4% 29.4% BRINSMEAD 15 $415,000 5.6% $408,500 2.8% 20.1% Median land prices CLIFTON BEACH 12 $520,000 N/A $500,000 4.7% 25.0% ROCKHAMPTON UNIT SALES MACKAY LAND SALES EARLVILLE ~ 5 N/A N/A $302,000 -12.5% 10.2%0+ The median <$250,000 in <$350,000 land price Cairns increased 7.7 per cent to <$500,000 $350,000+ $500,000+ EDGE HILL ~ 13 $540,000 N/A $485,000 17.2% 38.6% <$250,000 <$350,000 EDMONTON ~ * 20 $286,000 -12.0% $325,000 -3.0% 35.4% $182,500 over the period with 52 preliminary sales of land less FRESHWATER 5 N/A N/A $490,000 N/A 36.1% than DEC 10 2,400sqm recorded. DEC 10 16 37 18 5 7 14 2 GORDONVALE ~ 9 $272,000 -3.9% $290,000 -4.3% 31.8% The predominant buyer of vacant land in Cairns is generally HOLLOWAYS BEACH ~ * 5 N/A N/A $347,000 -2.7% 9.5% second 10 third tier buyers. Agents are reporting that these SEP and SEP 10 23 68 8 14 13 4 3 KANIMBLA ~ 8 $422,250 -10.6% $440,000 -5.1% 19.9% KEWARRA BEACH ~ f 20 $373,500 -11.1% $390,000 -4.6% 30.0% buyers are purchasing quality land that may have been out of MANUNDA ~ 7 $330,000 8.2% $305,000 -4.7% 28.6% their price range a few years ago – however lower demand has MOOROOBOOL ~ 17 $380,000 14.3% $355,500 6.9% 36.7% brought with it lower prices,12 81 ensuring 10 many people 4 2 JUN 10 16 JUN 10 that 4 are MOUNT SHERIDAN 30 $317,500 -0.5% $343,000 2.4% 28.9% taking advantage any opportunities currently available. PARRAMATTA PARK ~ 7 $400,000 11.9% $376,500 -3.8% 22.4% REDLYNCH ~ 23 $390,000 -12.6% $408,000 -1.0% 17.4% Median rents MACKAY UNIT SALES TOWNSVILLE LAND SALES SMITHFIELD ~ * 11 $360,000 0.0% $362,000 -4.5% 35.3% TRINITY BEACH ~ * 14 $382,500 3.4% $387,500 -0.5% 25.5%0+ <$250,000 <$350,000 <$350,000 house in $350,000+ The median <$250,000a three-bedroom <$500,000 Cairns remained rent for $500,000+ TRINITY PARK + * 13 $373,000 -0.5% $383,500 1.2% 38.7% flat at $300 per week between December 2010 and December WESTCOURT 5 N/A N/A $311,000 -2.5% 25.7% 2 2009.DEC 10 median rent for a two-bedroom unit increased4by $5 The 9 DEC 10 19 59 9 4 7 WHITE ROCK ~ g 6 N/A N/A $278,060 -0.7% 29.3% to $250 over the same period. WHITFIELD ~ 14 $495,000 17.9% $450,000 4.0% 38.9% SEP 10 55 4 2 WOREE ~ 4 N/A N/A $340,000 15.3% 46.9% WithSEP 10 steady rents, the gross yield for houses over the 7 20 26 9 December quarter also remained unchanged at 4.3 per cent. UNITS & TOWNHOUSES In the unit market, gross yields were up slightly to 5.6 per cent, JUN 10 58 12 5 CAIRNS (LGA) ~ * f 219 $233,000 -4.4% $255,000 1.6% 34.2% JUN 10 14 12 9 8 largely due to easing in the median unit price over the quarter. BUNGALOW ~ 5 N/A N/A $160,000 -21.6% -7.8% CAIRNS CITY 21 $490,000 3.2% $448,500 3.1% 44.2% CAIRNS NORTH 18 $296,500 5.9% $291,500 2.3% 29.6% CLIFTON BEACH * f 3 N/A N/A $290,000 -5.7% N/A CAIRNS LAND SALES TOWNSVILLE UNIT SALES EARLVILLE * 9 $255,000 -7.3% $265,000 N/A 88.6% <$250,000 <$250,000 <$350,000 <$350,000 <$500,000 $350,000+ $500,000+ EDGE HILL 9 $183,500 -18.1% $222,500 10.1% 63.6%0+ MANOORA ~ 9 $143,000 -20.6% $190,750 -2.4% 30.2% 9 2 DEC 10 49 4 7 MANUNDA * 19 $170,000 -10.5% $180,000 -5.6% 38.5% DEC 10 26 44 18 17 MOOROOBOOL * 4 N/A N/A $205,000 -13.5% 28.1% PALM COVE ~ * f 13 $280,000 -37.8% $307,500 -15.2% -16.1% SEP 10 53 6 8 SEP 10 22 31 21 11 PARRAMATTA PARK ~ 3 N/A N/A $260,000 15.0% 32.7% PORT DOUGLAS * f 12 $450,000 7.7% $418,000 -8.1% 13.0% JUN 10 56 8 3 TRINITY BEACH * f 19 $255,000 -6.4% $266,000 -11.3% 19.6% JUN 10 23 38 19 12 WESTCOURT * 3 N/A N/A $240,000 -25.2% -0.9% YORKEYS KNOB * f 7 $300,000 27.7% $232,500 16.3% 25.7% VACANT URBAN LAND CAIRNS (LGA) * 52 $182,500 7.7% $169,000 0.0% 53.6% CAIRNS UNIT SALES CAIRNS (LGA) ^ ~ 8 N/A N/A $242,500 -2.0% 118.5%0+ <$250,000 <$350,000 <$500,000 $500,000+ BENTLEY PARK 3 N/A N/A $146,900 1.3% 72.8% EDMONTON * 1 N/A N/A $134,650 8.6% 49.6% DEC 10 124 46 24 25 GORDONVALE * 3 N/A N/A $121,600 8.3% 6.2% MOUNT SHERIDAN * 3 N/A N/A $197,500 12.9% 93.6% REDLYNCH * 15 $175,000 -2.8% $175,000 2.9% 29.2% SEP 10 119 56 32 21 SMITHFIELD * 4 N/A N/A $180,000 -9.5% N/A TRINITY BEACH * 3 N/A N/A $174,000 -3.3% N/A TRINITY PARK * f ~ 5 $409,000 109.7% $175,000 2.9% -53.1% JUN 10 80 69 30 25 Please see page 38 for legend and further notes Issue 9 - December Quarter 2010 page 31 www.reiq.com.au
  • 32. QUEENSLAND MAR K ET MONITORContents CAIRns ReGIonAL MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS Suburbs/ Dec Qtr 2010 Dec Qtr 2009 Suburbs/ Dec Qtr 2010 Dec Qtr 2009 Postcode Postcode Localities Rent New Rent New Localities Rent New Rent New ($) Bonds ($) Bonds ($) Bonds ($) Bonds 3 BEDROOM HOUSES 3 BEDROOM TOWNHOUSES CAIRNS REGIONAL COUNCIL AREA $300 499 $300 528 CAIRNS REGIONAL COUNCIL AREA $220 149 $230 126 Cairns Region $300 454 $300 477 Cairns Region $220 135 $230 114 4865 Goldsborough/ Gordonvale/ Green Hill/ etc. $255 15 $260 18 4868 Bayview Heights/ Mount Sheridan/ White Rock/ etc. $200 9 $220 11 4868 Bayview Heights/ Mount Sheridan/ White Rock/ etc. $300 90 $300 103 4869 Bentley Park/ Edmonton/ Mt Peter/ etc. $220 15 $210 10 4869 Bentley Park/ Edmonton/ Mt Peter/ etc. $280 76 $280 64 4870 Cairns & suburbs of Cairns $220 58 $230 39 4870 Cairns & suburbs of Cairns $310 150 $320 157 4878 Caravonica/ Holloways Beach/ Machans Bch/ etc. $220 40 $230 32 4878 Caravonica/ Holloways Beach/ Machans Bch/ etc. $310 57 $320 42 4879 Clifton Beach/ Kewarra Beach/ Palm Cove/ etc. $225 12 $250 21 4879 Clifton Beach/ Kewarra Beach/ Palm Cove/ etc. $310 61 $320 93 Douglas Region $300 14 $280 12 Douglas Region $310 45 $260 22 4877 Port Douglas/ Craiglie/ Mowbray/ Oak Beach $300 13 $280 12 4873 Mossman/ Cooya Beach/ Cow Bay/ Miallo/ etc $290 27 $250 15 4877 Port Douglas/ Craiglie/ Mowbray/ Oak Beach $370 18 $400 7 2 BEDROOM FLATS/UNITS CAIRNS REGIONAL COUNCIL AREA $250 980 $240 969 Cairns Region $245 897 $245 869 4865 Goldsborough/ Gordonvale/ Green Hill/ etc. $200 5 $210 6 4868 Bayview Heights/ Mount Sheridan/ White Rock/ etc. $220 107 $210 67 4869 Bentley Park/ Edmonton/ Mt Peter/ etc. $200 18 $200 16 4870 Cairns & suburbs of Cairns $240 575 $245 609 4878 Caravonica/ Holloways Beach/ Machans Bch/ etc. $250 82 $245 55 4879 Clifton Beach/ Kewarra Beach/ Palm Cove/ etc. $260 110 $260 115 Douglas Region $265 83 $250 81 4873 Mossman/ Cooya Beach/ Cow Bay/ Miallo/ etc $180 13 $200 15 4877 Port Douglas/ Craiglie/ Mowbray/ Oak Beach $270 70 $260 66 otHeR ReGIonAL AReAs Median house and unit prices Median land prices With the resources sector well and truly back in the limelight, Sales in new land subdivisions were behind a number of it’s no surprise to see the traditional mining centres pick up fluctuations in median land prices for other regional areas. in activity. Regions such as Banana, Central Highlands and Cassowary Coast and South Burnett in particular posted large Maranoa all recorded an increase in preliminary house sales fluctuations in their median, with new land sales up compared numbers over the December quarter. The latter two also to the September quarter. Land in the Gympie region and recorded a significant increase in median house price over acreage land in the Western Downs also recorded increased the quarter as homes in the upper end of the market were activity for new sales. targeted by astute buyers. In the Banana region, newly built homes coming onto the Median Rents market in Biloela are helping supply keep up with demand, The RTA’s median weekly rents reported relatively steady prices as are new home completions in Emerald, in the Central for the December quarter 2010, with the exception of mining Highlands district. towns that have experienced, or continue to experience, high The unit and townhouse market in other regional areas makes asking rents due to a lack of supply. up just a small part of their respective residential markets. In Gross rental yields in these areas are amongst the highest the Whitsunday local government area, sales of new waterfront for the state, with Isaac Regional topping the list with a gross homes seen in previous quarters have eased, resulting in house yield of 7.3 per cent, followed by Mount Isa and Maranoa Cannonvale’s December quarter median declining 2.5 per cent. with 6.4 and 6.3 per cent respectively. However with a number of new units recorded over the 2010 calender year, the town’s median unit and townhouse price In the Isaac region, ULDA projects are planned to increase land was up a 14.8 per cent. available for development to help ease the rental situation, where supply is struggling to keep up with demand resulting in exorbitant rental prices. Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 32 www.reiq.com.au
  • 33. otHeR ReGIonAL AReAs MEDIAN SALES DATA MEDIAN SALES DATA Suburb/ Number of Dec change 12 mths to change change Suburb/ Number of Dec change 12 mths to change change Locality Sales Dec Qtr over the end of over over Locality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs Qtr 2010 2010 qtr Dec 2010 1yr 5yrs HOUSES HOUSES continued BALONNE (LGA) ~ 7 N/A N/A $165,000 -2.4% 26.9% MARANOA (LGA) ~ 30 $280,750 17.7% $276,500 12.9% 112.7% ROMA 24 $289,000 -1.2% $288,000 12.4% 94.6% BANANA SHIRE (LGA) 22 $277,500 N/A $275,000 3.8% 75.7% BANANA SHIRE (LGA) ^ 1 N/A N/A $385,000 N/A 54.0% MOUNT ISA CITY (LGA) 39 $350,000 2.9% $350,000 8.4% 112.1% BILOELA 19 $280,000 -3.4% $285,000 0.0% 58.3% HEALY ~ 7 $445,000 20.3% $381,500 7.5% 80.6% MORNINGTON 2 N/A N/A $333,500 11.2% 130.0% BARCALDINE (LGA) 2 N/A N/A $157,500 3.3% 377.3% SOLDIERS HILL 6 N/A N/A $330,000 3.9% 88.6% SUNSET 4 N/A N/A $340,000 5.6% 92.1% BLACKALL TAMBO (LGA) 5 N/A N/A $132,500 N/A 177.5% TOWNVIEW 8 $394,000 N/A $345,000 7.8% 99.7% BURDEKIN (LGA) 21 $230,000 -2.1% $240,000 6.2% 92.0% MURWEH (LGA) 11 N/A N/A $140,000 3.3% 81.8% BURDEKIN (LGA) ^ 3 N/A N/A $350,000 N/A 75.0% CHARLEVILLE ~ 11 $150,000 -9.6% $155,500 8.7% 90.8% AYR 14 $279,000 11.6% $252,750 5.3% 85.8% NORTH BURNETT (LGA) ~ 12 N/A N/A $157,000 -4.8% 53.2% CASSOWARY COAST (LGA) ~ 24 $280,000 16.7% $272,500 4.8% 62.2% NORTH BURNETT (LGA) ^ 7 N/A N/A $204,250 N/A 46.9% CASSOWARY COAST (LGA) ^ ~ 6 N/A N/A $342,500 -6.2% 37.0% SCENIC RIM (LGA) 38 $375,000 0.0% $375,000 6.5% 41.5% CENTRAL HIGHLANDS (LGA) ~ 85 $370,000 14.6% $350,000 2.9% 45.8% SCENIC RIM (LGA) ^ ~ 24 $457,500 0.2% $505,000 16.1% 40.3% CENTRAL HIGHLANDS (LGA) ^ 15 $520,000 N/A $472,500 14.5% 42.7% BEAUDESERT ~ 11 $340,500 15.4% $340,000 9.7% 51.1% BLACKWATER 19 $320,000 1.6% $310,000 8.8% 54.0% BOONAH ~ 5 N/A N/A $265,000 -5.4% 33.5% EMERALD * 57 $380,000 9.5% $376,000 0.3% 31.9% KOORALBYN ^ ~ 4 N/A N/A $330,000 -0.6% 45.1% EMERALD ^ 12 $563,250 N/A $547,000 1.3% 30.2% TAMBORINE ^ ~ 1 N/A N/A $592,500 19.7% 53.9% TAMBORINE MOUNTAIN ~ 14 $450,500 -3.1% $440,000 -1.1% 21.9% CHARTERS TOWERS (LGA) ~ 18 $232,500 22.4% $192,000 -12.7% 74.5% TAMBORINE MOUNTAIN ^ 1 N/A N/A $800,000 10.1% 15.9% CHARTERS TOWERS (LGA) ^ ~ 4 N/A N/A $360,000 -4.0% 94.6% QUEENTON ~ 3 N/A N/A $180,000 -26.5% 100.0% SOMERSET (LGA) ~ * 26 $275,000 8.1% $265,000 -2.8% 55.9% SOMERSET (LGA) ^ 30 $370,000 0.0% $382,500 6.3% 49.7% GOONDIWINDI (LGA) ~ 15 $255,000 0.6% $250,000 -0.6% 42.9% LOWOOD * 4 N/A N/A $262,500 -0.9% 54.4% GOONDIWINDI ~ 13 $285,000 5.6% $265,000 -12.4% 29.3% LOWOOD ^ ~ 6 $390,000 10.6% $345,000 9.0% 36.9% GYMPIE (LGA) ~ 58 $273,000 -5.9% $285,000 0.0% 32.6% SOUTH BURNETT (LGA) ~ 38 $189,500 -20.0% $226,500 -4.0% 37.3% GYMPIE (LGA) ^ 50 $354,250 2.7% $357,000 -0.8% 32.7% SOUTH BURNETT (LGA) ^ ~ 21 $310,000 14.8% $285,000 3.6% 54.1% COOLOOLA COVE 4 N/A N/A $300,000 -5.9% 30.4% BOOIE ^ ~ 6 $304,875 N/A N/A N/A N/A CURRA ^ ~ 11 $290,000 -13.4% $306,000 5.9% 65.4% KINGAROY 15 $225,000 -17.0% $262,750 2.2% 39.4% GYMPIE 25 $245,000 -7.5% $265,000 0.0% 32.5% KINGAROY ^ 4 N/A N/A $420,000 0.0% 47.4% SOUTHSIDE ~ 6 N/A N/A $327,500 -2.5% 30.0% MURGON ~ 8 $176,500 11.0% $159,625 -13.7% 27.7% THE PALMS ^ 1 N/A N/A $367,500 N/A 59.8% NANANGO ~ 9 $170,000 -22.7% $210,000 -7.3% 31.5% TIN CAN BAY 6 N/A N/A $340,000 9.7% 20.4% SOUTHERN DOWNS (LGA) 62 $257,000 4.0% $245,000 4.3% 40.0% HINCHINBROOK (LGA) 13 $285,000 N/A $257,500 -0.6% 90.7% SOUTHERN DOWNS (LGA) ^ ~ 24 $340,000 1.5% $330,000 -3.3% 37.5% INGHAM 7 $240,000 N/A $235,000 -2.6% 88.0% STANTHORPE ~ 14 $223,500 -11.7% $249,500 9.7% 45.1% WARWICK ~ 39 $260,000 9.2% $245,000 -0.4% 36.1% ISAAC (LGA) 47 $430,000 -1.7% $430,000 7.5% 65.4% ISAAC (LGA) ^ 1 N/A N/A $377,500 N/A 99.7% TABLELANDS (LGA) 37 $305,000 1.7% $290,000 0.0% 61.1% CLERMONT 8 $262,500 1.9% $292,500 0.9% 143.8% TABLELANDS (LGA) ^ ~ 31 $367,500 -5.8% $408,000 -0.5% 51.1% DYSART 10 $430,000 N/A $420,000 0.0% 189.7% ATHERTON ~ 19 $285,000 -19.7% $312,250 -8.2% 47.3% MORANBAH ~ 26 $452,500 -5.5% $455,000 4.0% 56.1% KURANDA ^ ~ 8 $415,000 6.4% $420,000 -9.7% 27.3% MAREEBA ~ 9 $305,000 13.5% $278,000 -0.4% 63.5% LOCKYER VALLEY (LGA) 19 $277,000 -0.2% $275,000 2.2% 52.8% LOCKYER VALLEY (LGA) ^ ~ 57 $345,000 -3.2% $350,000 3.6% 43.0% WEIPA TOWN (LGA) 9 N/A N/A $375,000 4.2% 69.5% GATTON ~ 12 $266,000 -5.3% $290,000 4.1% 48.3% KENSINGTON GROVE ^ ~ 7 $342,500 N/A $367,500 -0.7% 50.4% WESTERN DOWNS (LGA) 44 $255,250 0.1% $265,000 8.2% 76.7% LAIDLEY 3 N/A N/A $262,500 7.6% 51.3% WESTERN DOWNS (LGA) ^ ~ 17 $310,000 -20.3% $355,000 9.2% 136.7% LAIDLEY HEIGHTS ^ 4 N/A N/A $360,000 16.9% 51.7% CHINCHILLA ~ 19 $320,000 12.3% $287,000 4.7% 71.3% PLAINLAND ^ 4 N/A N/A $370,000 17.5% 97.9% CHINCHILLA ^ 2 N/A N/A $405,000 N/A 120.1% REGENCY DOWNS ^ 4 N/A N/A $332,500 3.9% 47.8% DALBY ~ 14 $239,500 -18.8% $273,750 5.7% 64.9% DALBY ^ 5 $315,000 N/A $428,000 0.0% 44.6% LONGREACH (LGA) 13 N/A N/A $238,000 1.3% 83.1% MILES ~ 3 N/A N/A $260,000 13.7% 179.6% LONGREACH ~ 10 $215,000 -39.4% $250,000 4.2% 83.2% Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 33 www.reiq.com.au
  • 34. QUEENSLAND MAR K ET MONITORContents otHeR ReGIonAL AReAs MEDIAN SALES DATA MEDIAN SALES DATA Suburb/ Number of Dec change 12 mths to change change Suburb/ Number of Dec change 12 mths to change change Locality Sales Dec Qtr over the end of over over Locality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs Qtr 2010 2010 qtr Dec 2010 1yr 5yrs HOUSES continued VACANT URBAN LAND continued WHITSUNDAY (LGA) ~ 43 $385,000 5.5% $367,250 -8.2% 53.0% LOCKYER VALLEY (LGA) 28 $129,000 N/A $125,000 5.9% 78.6% WHITSUNDAY (LGA) ^ 7 N/A N/A $496,250 2.3% 43.8% LOCKYER VALLEY (LGA) ^ ~ * 27 $145,000 -5.1% $143,000 2.1% 73.3% BOWEN 11 $387,000 6.3% $360,000 2.3% 67.4% ADARE ^ * 3 N/A N/A $122,000 N/A N/A CANNONVALE ~ 14 $438,500 -0.3% $442,500 -3.3% 16.4% HATTON VALE ^ * 2 N/A N/A $131,900 N/A N/A COLLINSVILLE * 4 N/A N/A $185,000 N/A 137.2% KENSINGTON GROVE ^ ~ 5 $153,000 N/A $132,000 -8.0% 46.7% PROSERPINE 5 N/A N/A $359,000 2.6% 61.0% LAIDLEY ~ * 13 $129,000 -2.3% $125,000 8.7% N/A LAIDLEY NORTH 10 $129,000 N/A $125,000 N/A N/A UNITS & TOWNHOUSES REGENCY DOWNS ^ * 4 N/A N/A $155,000 10.9% 100.0% CENTRAL HIGHLANDS (LGA) * 11 N/A N/A $292,500 -1.7% 42.7% EMERALD * 11 $297,000 -7.9% $292,500 -3.7% 42.7% MARANOA (LGA) ~ * 6 N/A N/A $106,000 86.0% 137.4% ROMA * 3 N/A N/A $120,000 N/A 140.0% GYMPIE (LGA) 5 N/A N/A $298,354 9.4% 31.7% MOUNT ISA CITY (LGA) 3 N/A N/A $85,000 N/A 117.9% SCENIC RIM (LGA) ~ 3 N/A N/A $200,000 -0.7% 66.7% MURWEH (LGA) ^ 5 N/A N/A $90,000 N/A N/A SOUTH BURNETT (LGA) 3 N/A N/A $189,500 0.8% 16.3% CHARLEVILLE ^ 5 $86,500 N/A $88,250 N/A N/A SOUTHERN DOWNS (LGA) 3 N/A N/A $249,900 7.3% 58.7% NORTH BURNETT (LGA) ~ 4 N/A N/A $29,500 -34.4% 47.5% NORTH BURNETT (LGA) ^ ~ 3 N/A N/A $100,000 -23.1% 270.4% WHITSUNDAY (LGA) * f 15 $305,000 0.0% $345,000 2.2% 10.0% CANNONVALE * f 10 $292,500 -2.5% $345,000 14.8% 22.3% SCENIC RIM (LGA) ~ 5 N/A N/A $177,950 -4.1% 54.7% SCENIC RIM (LGA) ^ ~ * 14 N/A N/A $190,000 -13.5% 26.7% VACANT URBAN LAND BEAUDESERT 3 N/A N/A $197,000 1.0% 68.4% BANANA (LGA) * 0 N/A N/A $134,000 4.9% 179.2% KOORALBYN ^ 3 N/A N/A $119,500 8.1% 66.6% BILOELA * 0 N/A N/A $133,000 N/A 77.3% SOMERSET (LGA) * 29 $125,000 -8.8% $131,000 2.3% 74.7% BARCALDINE (LGA) 1 N/A N/A $90,000 N/A N/A SOMERSET (LGA) ^ ~ 8 N/A N/A $195,000 -11.4% 69.6% FERNVALE * 9 $153,000 -1.3% $139,000 5.7% N/A BURDEKIN (LGA) ~ 2 N/A N/A $145,000 N/A 314.3% LOWOOD * G 14 $125,000 N/A $120,500 -7.3% 53.0% AYR * 1 N/A N/A $150,000 N/A N/A SOUTH BURNETT (LGA) ~ * 15 $85,000 77.1% $80,000 -6.4% 128.6% CASSOWARY COAST (LGA) ~ * 16 $233,250 72.8% $135,000 6.3% 35.0% SOUTH BURNETT (LGA) ^ * 23 $89,000 -16.8% $95,000 -5.0% 82.7% CASSOWARY COAST (LGA) ^ ~ 9 N/A N/A $171,000 27.6% 94.3% KINGAROY * 6 $96,500 -8.1% $108,000 -1.8% 52.1% CARDWELL ~ * 7 $235,000 N/A N/A N/A N/A KINGAROY ^ * 1 N/A N/A $160,000 14.3% 105.1% SOUTH MISSION BEACH 5 $155,500 N/A N/A N/A N/A MEMERAMBI * 5 $80,000 N/A N/A N/A N/A MEMERAMBI ^ * 1 N/A N/A $75,000 N/A 172.7% CENTRAL HIGHLANDS (LGA) * 17 $137,000 5.4% $128,000 10.8% 85.5% CENTRAL HIGHLANDS (LGA) ^ 4 N/A N/A $215,000 N/A 43.3% SOUTHERN DOWNS (LGA) 10 N/A N/A $92,000 2.3% 67.3% BLACKWATER * 0 N/A N/A $116,025 25.4% 152.2% SOUTHERN DOWNS (LGA) ^ 13 N/A N/A $149,500 3.1% 73.8% EMERALD * G 11 $150,000 3.4% $136,500 9.2% 33.2% ROSENTHAL HEIGHTS 4 N/A N/A $92,500 N/A N/A EMERALD ^ * 1 N/A N/A $239,750 N/A 41.0% WARWICK 2 N/A N/A $97,000 4.4% 63.0% CHARTERS TOWERS (LGA) ^ 4 N/A N/A $153,250 7.7% 226.1% TABLELANDS (LGA) ~ * 12 N/A N/A $105,000 -8.7% 61.5% TABLELANDS (LGA) ^ ~ 23 $169,000 -2.2% $185,000 -2.0% 76.2% GOONDIWINDI (LGA) ~ 4 N/A N/A $32,250 -57.0% -43.9% ATHERTON 3 N/A N/A $125,000 4.2% 82.5% KURANDA ^ 4 N/A N/A $195,000 N/A 51.8% GYMPIE (LGA) ~ * f 21 $128,000 18.5% $125,000 1.4% 40.4% MAREEBA ^ ~ 6 $108,000 -29.6% $99,000 -1.0% 65.0% GYMPIE (LGA) ^ ~ * 18 $155,000 23.0% $146,250 1.0% 33.0% CURRA ^ * 2 N/A N/A $113,000 -0.9% 44.9% WESTERN DOWNS (LGA) 17 $120,000 N/A $117,500 6.9% 161.1% GYMPIE * 9 $133,500 14.1% $125,000 19.0% 47.1% WESTERN DOWNS (LGA) ^ ~ * 21 $112,000 13.1% $99,000 10.0% 209.4% TIN CAN BAY * f 2 N/A N/A $134,250 N/A -3.8% CHINCHILLA * 8 $120,000 0.0% $110,000 13.4% 96.4% CHINCHILLA ^ * 8 $135,000 4.2% $130,000 36.8% 71.1% HINCHINBROOK (LGA) 7 N/A N/A $100,000 11.1% 59.5% DALBY 6 $120,000 N/A $119,500 1.7% 100.8% FORREST BEACH 3 N/A N/A $95,000 5.6% N/A DALBY ^ ~ * 3 N/A N/A $99,000 -8.1% 52.3% TARA ^ 6 $42,500 N/A $41,000 6.5% 75.6% ISAAC (LGA) G 9 N/A N/A $150,000 25.0% 328.6% CLERMONT G 5 $97,100 N/A N/A N/A N/A MORANBAH * G 3 N/A N/A $161,900 34.9% 414.0% Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 34 www.reiq.com.au
  • 35. otHeR ReGIonAL AReAs MEDIAN SALES DATA MEDIAN WEEKLY RENTS Suburb/ Number of Dec change 12 mths to change change Suburbs/ Dec Qtr 2010 Dec Qtr 2009 Postcode Locality Sales Dec Qtr over the end of over over Localities Rent New Rent New Qtr 2010 2010 qtr Dec 2010 1yr 5yrs ($) Bonds ($) Bonds VACANT URBAN LAND continued 3 BEDROOM HOUSES continued WHITSUNDAY (LGA) 25 $150,000 0.7% $160,000 3.2% 31.1% SOMERSET REGIONAL $265 60 $270 55 WHITSUNDAY (LGA) ^ ~ 8 $197,500 N/A $240,000 -1.6% 41.2% 4311 Clarendon/ Coominya/ Lowood/ etc. $260 21 $250 26 BOWEN ~ * 6 $145,000 -7.9% $166,000 14.5% 56.2% 4312 Esk/ Eskdale/ Caboonbah/ etc. $225 8 $230 7 CANNON VALLEY * 3 N/A N/A $149,000 N/A N/A 4313 Toogoolawah/ Cressbrook/ Ottaba/ etc. $240 9 n.a. 3 CANNONVALE * 6 $143,750 6.9% $151,000 -8.5% -12.5% 4515 Kilcoy/ Glenfern/ Sandy Creek/ etc. $290 22 $290 19 SOUTH BURNETT REGIONAL $220 129 $220 115 4605 Cherbourg/ Murgon/ Oakdale/ etc. $190 16 $170 17 MEDIAN WEEKLY RENTS 4606 Fairdale/ Greenview/ Wondai/ etc. $195 10 $195 8 Suburbs/ Dec Qtr 2010 Dec Qtr 2009 4608 Charlestone/ Tingoora/ Wilkesdale/ etc. $190 7 n.a. 3 Postcode Localities Rent New Rent New 4610 Kingaroy/ Memerambi/ Wattle Grove/ etc. $240 58 $225 57 ($) Bonds ($) Bonds 4615 Nanango/ Brooklands/ Tarong/ etc. $220 36 $220 30 3 BEDROOM HOUSES BANANA SHIRE $270 55 $285 45 SOUTHERN DOWNS REGIONAL $240 162 $225 134 4702 Banana/ Alton Downs/ Etna Creek/ etc. $280 50 n.a. 2 4362 Allora/ Ellinthorp/ Goomburra/ etc. $240 6 n.a. 4 4715 Biloela/ Prospect/ Tarramba/ etc. $290 27 $195 12 4370 Rosenthal Heights/ Mount Colliery/ Warwick/ etc. $240 74 $230 67 4718 Moura/ Kianga/ Roundstone/ etc. $245 24 n.a. 2 4380 Stanthorpe/ Amiens/ etc. $235 65 $200 39 BURDEKIN SHIRE $250 52 $230 57 TABLELANDS REGIONAL $270 167 $270 138 4806 Home Hill/ Osborne/ Rangemore/ etc. $230 14 $225 14 4872 Dimbulah/ Kairi/ Mt Garnett/ Tinaroo/ Walkamin $240 11 $250 6 4807 Ayr/ Eight Mile Creek/ Mulgrave/ etc. $250 33 $240 36 4880 Mareeba/ Biboohra $270 59 $280 44 4881 Kuranda/ Koah/ Speewah $350 13 $330 7 CASSOWARY COAST REGIONAL $270 87 $270 99 4883 Atherton/ Upper Baron $290 42 $280 28 4849 Cardwell/ Hinchinbrook/ etc. $270 7 $300 11 4884 Yungaburra/ Lake Eacham $300 6 $265 11 4852 Mission Beach/ Wongaling Beach/ etc. $300 17 $300 17 4885 Malanda/ Tarzali/ Jaggan $230 14 $250 11 4854 Bulgun/ Silky Oak/ Tully/ etc. $275 21 $270 12 4888 Ravenshoe/ Evelyn/ Millstream $220 15 $220 16 4860 East Innisfail/ Innisfail/ Jubilee Heights/ etc. $250 38 $265 49 WESTERN DOWNS REGIONAL $265 126 $270 119 CENTRAL HIGHLANDS REGIONAL $420 105 $400 101 4405 Dalby/ Blaxland/ Tipton etc. $270 69 $285 63 4717 Blackwater $525 31 $450 37 4413 Chinchilla/ Hopeland/ Montrose/ etc. $270 33 $270 29 4720 Emerald/ Yamala $400 57 $380 42 4415 Miles/ Myall Park/ etc. $265 11 $300 10 4722 Buckland/ Springsure/ etc. $280 7 n.a. 4 4723 Capella/ Lilyvale/ etc. $335 9 $300 18 WHITSUNDAY REGIONAL $340 146 $350 155 Whitsunday Region $350 79 $360 96 GYMPIE REGIONAL $250 190 $250 197 4800 Cannon Valley/ Conway/ Proserpine/ etc. $300 22 $295 32 4570 Gympie/ Curra/ Imbil/ Monkland/ Southside/ etc. $250 147 $250 153 4802 Airlie Beach/ Cannonvale/ Whitsundays/ etc. $350 57 $380 64 4580 Cooloola/ Tin Can Bay $250 31 $245 29 Bowen Region $300 67 $330 59 4581 Rainbow Beach/ Inskip $280 5 $260 5 4804 Collinsville $300 19 $270 17 4600-1 Kilkivan region $195 7 $170 10 4805 Bowen $330 48 $350 42 ISAAC REGIONAL $600 96 $550 101 BALONNE SHIRE $190 18 $210 14 4721 Belyando/ Clermont/ etc. $350 13 $350 8 CHARTERS TOWERS REGIONAL $240 44 $250 40 4742 Burton/ Nebo/ Oxford/ etc. $350 5 $380 5 COOK SHIRE $265 29 $270 37 4744 Moranbah $750 42 $550 67 HINCHINBROOK SHIRE $250 26 $250 29 4745 Dysart $1,200 15 $750 17 GOONDIWINDI REGIONAL $245 31 $230 31 LONGREACH REGIONAL $250 19 $240 16 LOCKYER VALLEY REGIONAL $270 100 $260 97 MARANOA REGIONAL $340 58 $270 55 4341 Hatton Vale/ Laidley/ Regency Downs/ etc. $260 40 $250 36 MOUNT ISA CITY $430 88 $420 63 4342 Forest Hill/ Glenore Grove/ Lockrose/ etc. $260 12 $250 10 MURWEH SHIRE $210 16 $185 12 4343 Adare/ Gatton/ Woodlands/ etc. $280 45 $265 46 NORTH BURNETT REGIONAL $180 31 $170 26 SCENIC RIM REGIONAL $300 101 $300 134 4270 Tamborine $330 8 $390 8 4271 Eagle Heights $355 12 $330 19 4272 Tamborine Mountain $400 14 $325 9 4275 Biddaddaba/ Boyland/ Canungra/ etc. $340 5 $350 10 4285 Beaudesert/ Cedar Vale/ Kooralbyn/ etc. $300 36 $300 53 4309 Aratula/ Kalbar $220 5 $250 7 4310 Boonah/ Duganden/ Mt Alford $250 17 $240 22 Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 35 www.reiq.com.au
  • 36. QUEENSLAND MAR K ET MONITORContents otHeR ReGIonAL AReAs MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS Suburbs/ Dec Qtr 2010 Dec Qtr 2009 Suburbs/ Dec Qtr 2010 Dec Qtr 2009 Postcode Postcode Localities Rent New Rent New Localities Rent New Rent New ($) Bonds ($) Bonds ($) Bonds ($) Bonds 2 BEDROOM FLATS/UNITS 3 BEDROOM TOWNHOUSES CASSOWARY COAST REGIONAL $195 76 $200 86 WHITSUNDAY REGIONAL $380 35 $375 24 4849 Cardwell/ Hinchinbrook/ etc. $250 10 $185 6 Whitsunday Region $360 30 $375 24 4852 Mission Beach/ Wongaling Beach/ etc. $235 17 $235 23 4802 Airlie Beach/ Cannonvale/ Whitsundays/ etc. $365 27 $390 19 4854 Bulgun/ Silky Oak/ Tully/ etc. $170 8 $195 16 Bowen Region $395 5 n.a. 0 4860 East Innisfail/ Innisfail/ Jubilee Heights/ etc. $180 40 $180 38 4805 Bowen $395 5 n.a. 0 4720 CENTRAL HIGHLANDS REGIONAL Emerald/ Yamala $285 $300 60 54 $270 $295 51 43 GRoss RentAL YIeLDs HOUSES UNITS GYMPIE REGIONAL $182 49 $180 52 LOCAL GOVERNMENT DEC QTR SEP QTR DEC QTR SEP QTR 4570 Gympie/ Curra/ Imbil/ Monkland/ Southside/ etc. $180 35 $175 34 AREA 2010 2010 2010 2010 4580 Cooloola/ Tin Can Bay $225 5 $215 5 SOUTH EAST QUEENSLAND 4581 Rainbow Beach/ Inskip $220 9 $220 11 BRISBANE CITY 3.8% 3.7% 4.7% 4.7% IPSWICH CITY 4.7% 4.6% 4.7% 4.8% SCENIC RIM REGIONAL $185 27 $185 30 LOGAN CITY 4.6% 4.7% 4.9% 5.0% 4285 Beaudesert/ Cedar Vale/ Kooralbyn/ etc. $180 21 $185 18 MORETON BAY REGIONAL 4.3% 4.2% 4.1% 4.2% REDLAND CITY 4.0% 4.0% 4.5% 5.0% SOUTH BURNETT REGIONAL $170 60 $165 55 GOLD COAST CITY 4.2% 4.3% 4.8% 5.0% 4610 Kingaroy/ Memerambi/ Wattle Grove/ etc. $185 48 $180 39 SUNSHINE COAST REGIONAL 4.2% 4.1% 4.4% 4.4% 4615 Nanango/ Brooklands/ Tarong/ etc. $150 6 $150 6 MAJOR REGIONAL AREAS BUNDABERG REGIONAL 4.8% 5.0% 4.3% 4.3% SOUTHERN DOWNS REGIONAL $180 74 $180 56 CAIRNS REGIONAL 4.3% 4.3% 5.6% 5.3% 4370 Rosenthal Heights/ Mount Colliery/ Warwick/ etc. $190 48 $180 37 FRASER COAST REGIONAL 4.4% 4.4% 4.7% 3.9% 4380 Stanthorpe/ Amiens/ etc. $150 23 $160 18 GLADSTONE REGIONAL 4.2% 4.1% 3.6% 4.9% MACKAY REGIONAL 4.8% 5.0% 5.1% 4.7% TABLELANDS REGIONAL $190 63 $190 75 ROCKHAMPTON REGIONAL 5.0% 4.9% 4.0% 4.3% 4880 Mareeba/ Biboohra $190 24 $185 31 TOOWOOMBA REGIONAL 4.4% 4.8% 4.5% 4.3% 4883 Atherton/ Upper Baron $200 32 $200 27 TOWNSVILLE CITY 4.5% 4.7% 4.6% 4.6% OTHER REGIONAL AREAS WESTERN DOWNS REGIONAL $190 51 $220 55 BANANA 5.1% N/A N/A N/A 4405 Dalby/ Blaxland/ Tipton etc. $190 32 $220 26 BURDEKIN 5.7% N/A N/A N/A 4413 Chinchilla/ Hopeland/ Montrose/ etc. $200 14 $265 16 CASSOWARY COAST 5.0% 5.9% N/A N/A CENTRAL HIGHLANDS 5.9% 6.4% N/A 4.4% WHITSUNDAY REGIONAL $260 171 $280 165 CHARTERS TOWERS 5.4% 6.8% N/A N/A Whitsunday Region $265 124 $300 134 GOONDIWINDI 5.0% 5.1% N/A N/A 4800 Cannon Valley/ Conway/ Proserpine/ etc. $230 9 $210 14 GYMPIE 4.8% 4.4% N/A N/A 4802 Airlie Beach/ Cannonvale/ Whitsundays/ etc. $270 112 $300 113 HINCHINBROOK 4.6% 7.1% N/A N/A Bowen Region $250 47 $205 31 ISAAC 7.3% N/A N/A N/A 4805 Bowen $250 43 $205 30 LOCKYER VALLEY 5.1% 4.7% N/A N/A MARANOA 6.3% 7.0% N/A N/A BANANA SHIRE $220 23 $195 16 MOUNT ISA CITY 6.4% 6.9% N/A N/A BURDEKIN SHIRE $180 40 $180 36 SCENIC RIM 4.2% 4.2% N/A N/A CHARTERS TOWERS REGIONAL $175 16 $220 13 SOMERSET 5.0% 5.3% N/A N/A GOONDIWINDI REGIONAL $160 28 $160 32 SOUTH BURNETT 6.0% 4.9% N/A N/A HINCHINBROOK SHIRE $150 20 $160 19 SOUTHERN DOWNS 4.9% 4.8% N/A N/A ISAAC REGIONAL $220 16 $225 23 TABLELANDS 4.6% 4.7% N/A N/A LOCKYER VALLEY REGIONAL $220 19 $200 17 WESTERN DOWNS 5.4% 5.3% N/A N/A MOUNT ISA CITY $310 95 $290 74 WHITSUNDAY 4.6% 4.8% 4.4% 4.4% Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 36 www.reiq.com.au
  • 37. exPLAnAtoRY notes SALES DATA PRICE POINT GRAPHS Median Price: The middle sale price when arranged in All figures are preliminary based upon sales records available ascending order, ie where half of the sales recorded were less as at the time of reporting for each corresponding quarter and and half were higher than the median are subject to further revision. Comparisons between quarters should be used as a guide only. Data supplied by PriceFinder. All figures are preliminary and are subject to further revision. Only suburbs to record sufficient sales numbers have been included (see Research Methodology). RENTAL DATA N/A No preliminary estimate available due to insufficient sales All rental data is collated by postcode. Where no postcode or numbers region is listed, insufficient new bonds were lodged in order to calculate a reliable statistic. (LGA) Local Government Area Where there is a relatively small number of bond lodgements Brisbane (SD)– Brisbane Statistical Division which includes the median rent values are less reliable and should be used with LGA’s of Brisbane City, Ipswich City, Logan City, Moreton Bay caution. Regional and Redland City. n.a. Not Available (the number of new bonds lodged was too ^ Denotes acreage sales - on land size greater than 2,400m². small to provide a reliable estimate) All other house and land sale statistics are based on land size under 2,400m². Unit and townhouse data includes sales of all Source: Residential Tenancies Authority, Rental Bond residential building units and group titled properties. lodgements (RTA) www.rta.qld.gov.au ~ Medians affected by varying quality of stock sold GROSS RENTAL YIELDS * Medians affected by varying quantities of new properties sold House yields based upon REIQ median house prices and RTA f Medians affected by varying quantities of waterfront median weekly rent for 3-bedroom houses properties sold Unit yields based upon REIQ median unit & townhouse prices g Sales volumes and median affected by QLD government and RTA median weekly rent for 2-bedroom flats acquisitions in the area G Sales volumes and median affected by QLD government sales in the area + Due to the nature of properties in this suburb, some group titled property sales have been included - Due to the nature of properties in this suburb, some group titled property sales have been omitted ¹ Paradise Point statistics exclude Sovereign Island and Ephraim Island sales ² Historical figures recalculated to take into account group title sales ³ Medians affected by varying volumes of sales on the bay islands and mainland ⁴ Historical medians recalculated to exclude Teneriffe properties SOURCE: REIQ. Raw data made available by QLD Department of Environment and Resource Management, (QVAS), via PriceFinder. This information has been carefully compiled and is not intended to be treated as a warranty or promise as to the correctness of the information. Interested parties should undertake independent enquiries and investigations to satisfy themselves that any details herein are true and correct. The REIQ does not allow this information to be used for advertising or marketing purposes. Enquiries about the reproduction of part or all of the information should be directed to the Marketplace Strategy Division, REIQ Please see page 38 for legend and further notesIssue 9 - December Quarter 2010 page 37 www.reiq.com.au
  • 38. QUEENSLAND MAR K ET MONITOR 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 2010, 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.Issue 9 - December Quarter 2010 page 38 www.reiq.com.au
  • 39. Y 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 KET QUEENSLAND MONITOR Queensland Market Monitor is a quarterly, electronic publication entirely focused on residential sales and rental research data for regions throughout the State, on a suburb-by-suburb basis. It meets the high standards for accurate data and reliable analysis that you have come to expect from the REIQ. Each edition includes: • Median sale prices for houses, units/townhouses and land; • Median weekly rents for houses and units/townhouses; • Gross rental yields; • Rental vacancy rates (twice a year); • Useful charts and graphs; • Detailed comparisons; and • Analytical commentary. This detailed level of information will enable you to conduct valuable comparisons between various regions and market segments, and to ensure you are completely informed of all the latest market trends and fluctuations. Yes! I would like to subscribe to the Queensland Market Monitor I would like a two-year subscription (8 issues) for $80* I would like a one-year subscription (4 issues) for $49* * All prices include GST Please send me the following issues:Name: (title) (first) (middle initial/s) (last)Company name: Occupation:Address: Post code:Phone: Fax: Mobile:Email: DOB: (day) (month) (year-optional) This is an individual subscription This subscription is on behalf of a companyI wish to pay by: [ ] Cheque or [ ] Money order payable to the REIQPlease debit my: [ ] MasterCard [ ] Visa [ ] AMEX *4 digit CCV numberName on card:Card number:Amount: $ Expiry date: / CCV#Signature: Fax: 07 3249 6203 | Email: communication@reiq.com.au | Phone: 07 3249 7303 Postal Address: PO Box 1555, Coorparoo DC QLD 4151 Issue 9 - December Quarter 2010 page 39 www.reiq.com.au

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