Qmm issue13 linda-jane_debello

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Qmm issue13 linda-jane_debello

  1. 1. your state-wide property research guide - suburb by suburb REIQ ISSUE 13 REAL ESTATE INSTITUTE QUEENSLAND “Across DECEMBER QTR 2011 QUARTERLY PRICE MOVEMENTS Queensland, STATE-WIDE SUMMARY LGA HOUSES UNITS LAND investor and SOUTHEAST QLD HOUSE AND UNIT MARKETS first home buyer BRISBANE (SD) -0.6% 1.9% 0.0% One year on from the floods and Cyclone Yasi, BRISBANE CITY -0.2% 2.0% 5.9% * ~ activity continues the Queensland residential property market has stabilised. IPSWICH CITY 0.0% 18.3% * t 6.2% * to strengthen LOGAN CITY 1.7% -0.9% 2.4% In the December quarter, median house prices with buyers MORETON BAY -0.3% 12.8% t 1.8% in South East Queensland recording mostly recognising steady results, while the strong resources REDLAND CITY 1 -0.7% 8.1% f 11.1% ~ sector is driving demand and price growth in that prices have GOLD COAST CITY -4.0% 5.3% * -8.7% * f Central Queensland and the Darling Downs. SUNSHINE COAST -0.6% -4.4% ~ 1.1% plateaued in Over the quarter, the median house price in MAJOR REGIONS many areas.” Brisbane recorded a negligible fall of 0.2 per TOOWOOMBA 4.0% 2.1% 10.0% * cent to $499,000 – the lowest fall in our capital FRASER COAST -2.2% -15.6% * f -3.7% * city’s house price since September 2010. BUNDABERG 0.0% -0.7% -2.8% ~ Across Queensland, investor and first home GLADSTONE 8.6% 0.0% -0.9% buyer activity continues to strengthen with buyers recognising that prices have plateaued ROCKHAMPTON 1.0% -0.7% -3.3% * in many areas. MACKAY 2.4% 17.4% ~ f 2.9% Queensland’s mining regions were the stand- TOWNSVILLE CITY 0.6% -4.5% * -0.7% out performers this quarter with Gladstone, CAIRNS -4.4% -1.8% -11.8% ~ Mackay, Rockhampton and Toowoomba all See page 41 for REIQ explanatory notes posting median house price growth. Linda-Jane Debello of Gladstone’s median house price increased Queensland’s tourism regions may have 8.6 per cent to $478,000 over the quarter and experienced reductions in their median house was up 15.6 per cent over the year ending prices over the December quarter, but local December. agents are reporting more enquiries and an increase in buyers taking advantage of subdued prices.Proud to be REIQ accredited
  2. 2. 2 state-wide summary table of contents QUEENSLAND - PRICEPOINTS QUEENSLAND - PRICEPOINTS Queensland market update: QUEENSLAND HOUSE SALES QUEENSLAND - PRICEPOINTS State-wide summary (cont’d) 2 <$350,000 QUEENSLAND HOUSE$500,000+ $350,000+ SALES $1m+ 2760 3071 $500,000+ 185 QUEENSLAND HOUSE SALES1748 $1m+ DEC 11 <$350,000 $350,000+ Regional market updates: SEP 11 DEC 11 3093 2760 <$350,000 $350,000+ 3453 1748 2042 3071 $500,000+ 185 $1m+ 188 Brisbane City 5 JUN 11 DEC 11 SEP 2435 3093 2760 3047 3453 3071 1748 187 1828 2042 185 188 MAR 11 JUN 11 SEP 2153 2435 3093 3047 3453 3047 1923 1828 146 187 2042 188 Greater Brisbane 10 JUN 10 DEC MAR 11 2524 2153 2435 30473491 3047 1923 2143 187 229 1828 146 Gold Coast 16 Source: REIQ, data provided by PriceFinder 3491 MAR 10 DEC 11 2524 2153 3047 1923 2143 146 229 Toowoomba 19 Source: REIQ, data2524 DEC 10 provided by PriceFinder 3491 2143 229 QUEENSLAND UNIT SALES Sunshine Coast 21 Source: REIQ, data provided by PriceFinder <$250,000 QUEENSLAND UNIT SALES$500,000+ $250,000+ $350,000+ $1m+ Fraser Coast 24 588 <$250,000 DEC 11 $250,000+ 955 922 $350,000+ 79 417 QUEENSLAND UNIT SALES$500,000+ $1m+ Bundaberg 26 579 SEP 11 <$250,000 DEC 11 588 $250,000+ 955 1118 417 474 76 1182 922 $350,000+ 79$500,000+ $1m+ Gladstone 28 JUN 11 DEC 11 SEP 553 579 588 999 1182 922 9551118 417 47492 76 1030 51879 Rockhampton 30 MAR 11 JUN 11 SEP 491 553 579 959 999 1182 985 1118 434 47492 76 1030 518 78 Mackay 32 JUN 10 DEC MAR 11 606 491 553 1053 959 999 1030 434 598 92 128 1072 985 518 78 MAR 10 REIQ, data provided by PriceFinder 1072 DEC 11 Source: 606 491 1053 959 985 434 598 78 128 Townsville 34 Source: REIQ,606 provided by PriceFinder DEC 10 data 1053 1072 598 128 Cairns 36 QUEENSLAND LAND SALES Source: REIQ, data provided by PriceFinder <$250,000 $250,000+ $350,000+ $500,000+ $1m+ Other Regional Areas 39 QUEENSLAND LAND SALES 26 DEC 11 <$250,000 1210 $250,000+ $350,000+ 227 70 $500,000+ 6 $1m+ QUEENSLAND LAND SALES Rental Market Indicators 40 SEP 11 1173 30 237 70 11 26 <$250,000 DEC 11 $250,000+ 1210 $350,000+ $500,000+ 6 227 $1m+ 26 61 3026 JUN 11 9771210 1173 142 4 237 70 11 227 6 Residential rental yields 40 DEC 11 SEP 32 62 61 26 30 MAR 11 JUN 11 SEP 663 977 1173 140 8 142 4 237 11 Residential vacancy rates 40 46 32 62 25 26 61 JUN 10 DEC MAR 11 663 9771029 140 135 8 142 54 4 5 4632 62 25 REIQ explanatory notes 41 663 1029 140 MAR 10 REIQ, data provided by PriceFinder Source: DEC 11 8 135 54 5 46 25 DEC 10 1029 Source: REIQ, data provided by PriceFinder 135 54 5 Source: REIQ, data provided by PriceFinder Please see page 41 for legend and further notes December Quarter 2011
  3. 3. 3state-wide summaryThe Sunshine Coast appears to be turning a corner with it MEDIAN PRICES - DEC QTR 2011 recording a very small median house price fall of 0.6 per LGA HOUSES UNITS LANDcent this quarter, compared to a drop of 4.4 per cent overthe September quarter. SOUTHEAST QLD BRISBANE (SD) $425,000 $376,000 $210,000In Cairns, REIQ accredited agencies say that investors arerecognising the historically low prices that are currently BRISBANE CITY $499,000 $400,000 $279,500available as well as a rental market that is starting to have IPSWICH CITY $300,000 $233,000 $189,000more demand than supply. LOGAN CITY $341,000 $262,250 $210,000The Queensland unit and townhouse market is also MORETON BAY $369,000 $327,000 $203,000showing healthy signs of recovery with many areas across REDLAND CITY $424,000 $359,000 $80,0001the State posting median price increases over the quarter. GOLD COAST CITY $451,000 $350,000 $276,500Similar to the housing market, it appears that the last SUNSHINE COAST $427,500 $325,000 $237,000quarter of 2011 possibly marked the turning point in MAJOR REGIONS Queensland’s unit and townhouse market. TOOWOOMBA $286,000 $245,000 $149,500Many regions posted their most robust price results FRASER COAST $269,000 $270,000 $130,000this quarter since prior to the natural disasters at the BUNDABERG $270,000 $268,000 $140,000beginning of last year. GLADSTONE $478,000 $341,000 $223,000As we move into 2012, REIQ accredited agencies are ROCKHAMPTON $315,000 $287,500 $145,000reporting healthier levels of enquiry with first homebuyers and investors especially taking a keen interest in MACKAY $420,000 $355,000 $180,000the more affordable unit and townhouse market. TOWNSVILLE CITY $360,000 $305,500 $158,950According to reiq.com, there are more than 5,000 listings CAIRNS $335,000 $215,000 $150,000for Queensland units and townhouses currently for saleunder $350,000.The numbers of first home buyers continues to improve in SALES ACTIVITY - DEC QTR 2011 Queensland with the latest ABS figures showing they nowrepresent about 20 per cent of the market – the highest LGA HOUSES UNITS LANDproportion for more than two years. SOUTHEAST QLD BRISBANE (SD) down down upThe softening of property prices over the past two years,as well as the relatively low interest rate environment, is BRISBANE CITY down down downpartially behind this increase in demand from first-timers. IPSWICH CITY down up upThe median unit and townhouse price in Brisbane LOGAN CITY down down steadyincreased 2 per cent to an even $400,000 over the MORETON BAY down steady upDecember quarter. On the Gold Coast, it increased 5.3 per REDLAND CITY down down steadycent to $350,000 and was up 2.1 per cent to $245,000 in GOLD COAST CITY down down downToowoomba. SUNSHINE COAST down down down MAJOR REGIONS VACANT LAND MARKET TOOWOOMBA up strong steadySales of vacant land across Queensland edged up 2 per FRASER COAST down strong steadycent over the December quarter. Increased demand BUNDABERG down up upfor urban land was recorded in Ipswich, Moreton Bay,Mackay and the Whitsundays in particular. GLADSTONE down down down ROCKHAMPTON down up upThe Queensland Building Boost is no doubt encouragingmore sales of land with about 6,000 applications currently MACKAY up down upreceived by the State Government for the $10,000 grant. TOWNSVILLE CITY steady up steadyThe boost has been extended to 30 April this year and CAIRNS down up steadyhas the capacity to accept about the same number ofapplications again given its $130 million budget beforethe deadline. Please see page 41 for legend and further notes December Quarter 2011
  4. 4. 4 state-wide summary Even though there is extreme demand for property in MEDIAN WEEKLY RENTS - DEC QTR 2011 the Gladstone region, sales of land reduced over the LGA 3 BED HOUSE 2 BED FLAT 3 BED T’HSE December quarter due to the lack of supply available. SOUTHEAST QLD Compared to the December quarter 2010, sales of vacant BRISBANE CITY $395 - $380 - $395 - land across Queensland are up 23 per cent. IPSWICH CITY $285 - $240 - $300 - LOGAN CITY $320 - $260 u $330 u RENTAL MARKET MORETON BAY $320 - $265 - $320 - A convergence of attractive property prices, strong REDLAND CITY $360 - $285 d* $375 - demand from tenants, and improving confidence in the GOLD COAST CITY $410 u $340 - $370 u real estate sector is encouraging more investors into the SUNSHINE COAST $360 - $295 - $360 - property market. MAJOR REGIONS There continues to be strong demand from tenants TOOWOOMBA $275 - $210 - $275 - across Queensland with the latest REIQ residential rental FRASER COAST $260 - $210 - $300 - survey finding vacancy rates tightening in many areas as at the end of December. BUNDABERG $265 - $220 u $285 - GLADSTONE $460 u* $350 u* $480 d* Residential Tenancy Authority (RTA) December median rents were steady for most regions although as expected ROCKHAMPTON $325 u $250 u $380 u* resource centres continue to record strong rental growth. MACKAY $450 u* $330 u $405 d* TOWNSVILLE CITY $340 - $275 - $360 - REIQ vacancy rates show Mackay overtaking Gladstone as the region with the lowest vacancy rate across the CAIRNS $305 - $260 d $290 d state with the resources boom continuing to attract (-) steady (u) up (d) down * change greater than $20 families to the area. VACANCY RATES - December 2011 GROSS RENTAL YIELDS - DEC QTR 2011 LGA 30-Dec-11 TREND LGA HOUSES UNITS SOUTHEAST QLD SOUTHEAST QLD BRISBANE CITY 2.3% - BRISBANE CITY 4.1% - 4.9% - IPSWICH CITY 3.0% - IPSWICH CITY 4.9% - 5.4% - LOGAN CITY 2.5% u* LOGAN CITY 4.9% - 5.2% u MORETON BAY 2.7% d MORETON BAY 4.5% - 4.2% - REDLAND CITY 2.6% u REDLAND CITY 4.4% - 4.1% - GOLD COAST CITY 4.2% d GOLD COAST CITY 4.7% - 5.1% - SUNSHINE COAST 3.2% d* SUNSHINE COAST 4.4% - 4.7% u MAJOR REGIONS MAJOR REGIONS TOOWOOMBA 2.1% u TOOWOOMBA 5.0% u 4.5% - FRASER COAST 3.8% d* FRASER COAST 5.0% - 4.0% - BUNDABERG 3.7% u* BUNDABERG 5.1% u 4.3% u GLADSTONE 1.5% u* GLADSTONE 5.0% u 5.3% u* ROCKHAMPTON 0.9% d ROCKHAMPTON 5.4% - 4.5% d MACKAY 0.7% d MACKAY 5.6% u* 4.8% - TOWNSVILLE CITY 2.3% - TOWNSVILLE CITY 4.9% u 4.7% - CAIRNS 2.8% d CAIRNS 4.7% - 6.3% u (-) steady (u) up (d) down * change greater than 0.5pts (-) steady (u) up (d) down * change greater than 0.5pts Please see page 41 for legend and further notes December Quarter 2011
  5. 5. 5BRISBANE CITYHOUSE AND UNIT MARKETSOver the December quarter, the Brisbane property market BRISBANE CITY HOUSE SALESexperienced its smallest decline in median house price in <$350,000 $350,000+ $500,000+ $1m+18 months. DEC 11 185 788 858 111 DEC 11Brisbane recorded a negligible fall of 0.2 per cent to SEP 11 196 882 1013 96 SEP 11$499,000, pushing our capital city’s median price below JUN 11 165 738 949 91 JUN 11the psychological barrier of $500,000 and reinforcing our MAR 11 118 697 910 83 MAR 11affordability compared to Sydney and Melbourne. DEC 10 121 799 1064 147 DEC 10The Brisbane property market began to shows signs ofrecovery over the quarter with local agents reportingincreasing confidence amongst buyers and more peoplethrough open homes. This can partly be attributable to BRISBANE SURROUNDS HOUSE SALESthe interest rate reductions of November and December <$350,000 $350,000+ $500,000+ $1m+last year which is expected to underpin the market in the DEC 11 754 BRISBANE CITY UNIT SALES 709 185 7 DEC 11 <$250,000 $250,000+ $350,000+ $500,000+ $1m+first three months of this year. SEP 11 891 788 246 12 SEP 11 DEC 11 35 239 477 201 21 DEC 11Annerley – located about 5km from the CBD – posted a JUN 11 686 761 237 7 JUN 11median house price increase of 9.4 per cent to $552,500 SEP 11 49 331 614 230 24 SEP 11 MAR 11 586 779 244 6 MAR 11over the quarter. Annerleys close proximity to the city JUN 11 48 268 512 201 33 JUN 11 DEC 10 718 885 291 20and its elevated position has attracted many investors MAR 11 37 220 478 174 13 DEC 10 MAR 11and owner-occupiers in recent times. INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL DEC 10 34 260 511 239 46 DEC 10Buyers keen to renovate are attracted to the suburb by GOLD COAST HOUSE SALESits mix of dwelling types including post-war cottages <$350,000 $350,000+ $500,000+ $1m+and Queenslanders as well as 1970s blocks of flats andmodern units. DEC 11 BRISBANE SURROUNDS UNIT SALES 77 329 226 51 DEC 11 <$250,000 $250,000+ $350,000+ $500,000+ $1m+Bald Hills - located about 19km north of the Brisbane SEP 11 76 399 264 53 SEP 11 DEC 11 78 BRISBANE CITY 75 130 LAND16 0 SALES DEC 11CBD – recorded median house price growth of 9.2 per JUN 11 68 <$250,000 346 $250,000+ 243 $350,000+ 56 $500,000+ JUN 11cent to $355,000 over the period. As an older suburb, SEP 11 101 159 54 19 2 SEP 11 DEC 1111 31 MAR 25 371 66 350 20 36 9 DEC MAR 11housing in Bald Hills centres on its railway station and JUN 11 81 155 61 23 2 JUN 11is made up mostly of single-detached houses. Affordable SEP 1110 52 DEC MAR 11 20 71 376 143 51 318 58 14 37 22 12 SEP DEC 10 MAR 11housing and access to amenities have made Bald Hills a DEC 10 28 98 32 172 25 8 JUN 11 JUN 79 31 4 DEC 10consistent performer in terms of price growth. INCLUDES 21 28 8 6 MAR 11 REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL MARAnother solid performer was Morningside which posted SUNSHINE COAST7HOUSE SALES DEC 10 14 27 26 DECmedian house price growth of 8.6 per cent to $570,000. GOLD$350,000+ UNIT SALES $1m+ <$350,000 COAST $500,000+Located about 8km drive east of the city, Morningside <$250,000 $250,000+ $350,000+ $500,000+ $1m+ DEC 11 81 258 132 25 DEC 11residents enjoy this close proximity to the CBD while DEC 11 105 242 188 119 45taking advantage of the community atmosphere the BRISBANE SURROUNDS LAND168 SALES 22 DEC 11 RENTAL MARKET 32598 SEP 11 SEP 11suburb affords. SEP<$250,000 JUN 11 11 61 140 349$250,000+ 259 $350,000+ 231 167 24 $500,000+ 146 34 SEP 11 JUN 11 The REIQ 345 DECJUN 11 residential vacancy rates remained steady for 11 56174 3 38 14In a sign of an improving market, the median unit and 131 312 270 DEC JUN 11 the MAR 11 55 City local government area as at the end of Brisbane 269 154 20 MAR 11townhouse price in Brisbane increased 2 per cent to MAR 11 278 SEP 11 49 14 134 6 December. Although 307 DEC 10 49 82 307 there was a mix178 slightly tighter 267 of 15 33 SEP MAR 11 DEC 10$400,000 over the quarter. conditions for 291 JUN 11 DEC 10 313 the outer suburbs while the18 4 116 269 40 inner suburbs 178 61 JUN DEC 10A solid performer was South Brisbane, which posted eased11 216 the end of September. 5 MAR since 47 9 MARmedian price growth of 5.5 per cent to $472,500. Agents from REIQ accredited agencies 8 4 DEC 10 271 57 report vacancy DEC SUNSHINE COAST UNIT SALES periods averaging about BAY REGIONAL two weeks, with up to five Includes REDLAND, LOGAN, IPSWICH & MORETON one toVACANT LAND MARKET applicants per listing. $250,000+ $350,000+ vacancy rate$1m+ <$250,000 The Brisbane LGA $500,000+ was 2.3 per cent, while inner Brisbane recorded 1.9 per cent.The median price of vacant urban land in Brisbane DEC 11 47 GOLD COAST LAND SALES 119 78 42 10 DEC 1 A vacancy rate of 3 per cent is generally considered to beincreased 5.9 per cent to $279,500 however only 126 <$250,000 131 $250,000+ 102 $350,000+ 11 $500,000+ the equilibrium point of demand and supply. SEP 11 55 52 SEP 1preliminary sales were recorded over the period. The DEC JUN 11 39 41 11 44 96 63 1214 15 DECnumbers of land sales was steady over the quarter but The median rent for a two-bedroom unit increased $15 to 114 JUN 1were up over the year. $380 MAR 11week between December 2010 and December SEPper 42 62 11 118 62 97 64 22 15 10 SEP MAR 1 last year. The median rent for a three-bedroom houseThe most popular Brisbane suburb for land sales was JUNDEC 10 43 58 11 125 18 10211 7 84 15 JUN DEC 1 increased also increased $15 to $395 over the sameFitzgibbon which recorded a median sale price of period. 17 MAR 11 20 3 15 MAR$219,750 however this was impacted by government sales DEC 10 19 71 9 DECover the period. Please see page 41 for legend and further notes December Quarter 2011 SUNSHINE COAST LAND SALES
  6. 6. 6 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 2011 2011 qtr Dec 2011 1yr 5yrs Qtr 2011 2011 qtr Dec 2011 1yr 5yrs HOUSES HOUSES continued BRISBANE CITY (LGA) 1,942 $499,000 -0.2% $512,000 -5.2% 33.0% FOREST LAKE 66 $363,500 -5.3% $385,000 -3.8% 25.7% BRISBANE CITY (LGA) ^ ~ 46 $937,500 -6.7% $958,812 -12.8% 18.4% GEEBUNG ~ 15 $400,000 1.3% $399,000 -12.3% 25.1% ACACIA RIDGE 15 $310,000 N/A $313,000 -6.1% 24.1% GORDON PARK 4 N/A N/A $607,000 3.8% 30.5% ALDERLEY ~ 12 $510,000 -16.4% $622,500 0.8% 33.9% GRACEVILLE 8 N/A N/A $655,000 -8.9% 43.2% ALGESTER 22 $400,000 2.4% $400,500 -5.3% 26.7% GRANGE 14 $705,000 N/A $670,000 3.1% 37.4% ANNERLEY 28 $552,500 9.4% $550,000 -8.3% 32.5% GREENSLOPES ~ 14 $638,500 14.4% $567,500 -4.0% 29.0% ASCOT ~ 12 $900,000 -33.8% $940,000 -26.6% 10.6% HAMILTON ~ 6 N/A N/A $1,017,000 -14.5% 7.1% ASHGROVE ~ 23 $612,500 -15.5% $663,750 -4.5% 34.0% HAWTHORNE 19 $892,000 N/A $802,500 -4.1% 28.1% ASPLEY 27 $495,000 4.2% $473,500 1.8% 32.3% HEMMANT 4 N/A N/A $400,000 -7.0% 25.0% AUCHENFLOWER ~ 12 $835,000 N/A $820,000 8.6% 47.6% HENDRA ~ 19 $810,000 15.7% $797,000 -0.4% 46.2% BALD HILLS 13 $355,000 9.2% $365,000 -6.4% 31.3% HIGHGATE HILL 3 N/A N/A $800,000 -1.7% 42.9% BALMORAL ~ 12 $751,250 11.7% $703,000 -12.1% 21.7% HOLLAND PARK ~ 21 $457,500 -10.3% $500,563 -8.6% 29.9% BANYO ~ 10 $388,500 -12.7% $407,000 -5.3% 29.2% HOLLAND PARK WEST 7 N/A N/A $540,000 -1.8% 47.1% BARDON 23 $745,000 -0.1% $735,000 -5.0% 36.1% INALA 19 $280,000 -0.5% $285,000 -3.4% 39.0% BELLBOWRIE 7 N/A N/A $470,000 -0.5% 30.6% INDOOROOPILLY 24 $670,000 -8.8% $699,500 -2.2% 21.7% BELMONT 9 N/A N/A $558,500 -8.4% 41.0% JAMBOREE HEIGHTS 4 N/A N/A $399,000 -7.6% 24.2% BOONDALL 14 $393,500 -0.6% $400,000 -5.9% 25.0% JINDALEE 14 $479,500 N/A $485,000 -3.0% 34.3% BRACKEN RIDGE 37 $375,000 -6.3% $399,294 -4.5% 26.8% KARANA DOWNS ^ ~ 3 N/A N/A $449,000 -11.1% 18.9% BRIDGEMAN DOWNS ~ 11 $585,000 -12.4% $672,500 1.1% 25.7% KEDRON ~ 11 $479,500 -13.8% $545,000 -0.6% 48.3% BRIGHTON 19 $378,500 -2.9% $395,000 -3.7% 30.8% KELVIN GROVE 2 N/A N/A $615,000 -2.9% 36.7% BULIMBA 8 N/A N/A $910,000 4.0% 23.8% KENMORE 25 $455,000 -6.4% $506,500 -9.6% 25.8% CALAMVALE 35 $485,000 6.2% $486,000 -6.5% 28.1% KEPERRA 19 $390,000 -8.9% $430,000 -1.6% 40.1% CAMP HILL ~ 28 $612,500 4.3% $601,750 -10.2% 38.1% KURABY ~ 15 $495,000 -11.6% $530,500 -1.0% 22.8% CANNON HILL 9 N/A N/A $561,000 -1.6% 47.2% LOTA 7 N/A N/A $490,000 3.8% 30.7% CARINA 19 $450,000 -8.5% $480,000 -7.7% 34.8% MACGREGOR 12 $508,000 -7.6% $540,000 0.0% 38.6% CARINA HEIGHTS 12 $425,000 N/A $467,500 -9.8% 18.5% MANLY ~ 3 N/A N/A $559,000 -20.1% 13.0% CARINDALE ~ 16 $569,000 -12.5% $676,000 -3.1% 27.9% MANLY WEST 18 $460,000 0.0% $470,000 -6.0% 28.8% CARSELDINE ~ 10 $503,500 3.8% $507,750 -6.1% 33.2% MANSFIELD 16 $455,000 1.1% $473,000 -7.3% 26.1% CHAPEL HILL ~ 26 $620,000 15.9% $622,500 -8.5% 23.4% MCDOWALL ~ 11 $490,000 -16.1% $555,000 -3.7% 31.2% CHELMER ~ 8 N/A N/A $650,750 -21.6% -2.9% MIDDLE PARK 10 $428,750 N/A $516,500 -4.4% 34.9% CHERMSIDE 7 N/A N/A $456,000 -1.9% 28.5% MITCHELTON 22 $493,500 0.7% $502,500 -7.3% 37.3% CHERMSIDE WEST 15 $432,000 -4.0% $450,000 -3.2% 28.6% MOGGILL 8 N/A N/A $464,500 -3.9% 23.9% CLAYFIELD ~ 14 $950,000 N/A $905,500 -3.2% 32.2% MOOROOKA 23 $461,000 1.3% $463,000 -7.4% 32.6% COOPERS PLAINS 5 N/A N/A $425,000 -3.5% 37.1% MORNINGSIDE 22 $570,000 8.6% $570,000 -7.9% 34.1% COORPAROO ~ 25 $720,000 24.1% $640,000 -4.5% 39.1% MOUNT GRAVATT 8 N/A N/A $480,000 -2.4% 33.8% CORINDA ~ 16 $617,000 N/A $606,500 2.8% 49.0% MOUNT GRAVATT EAST 14 $455,250 -0.4% $464,000 -4.3% 32.6% DARRA 9 N/A N/A $352,750 -0.6% 48.5% MURARRIE 5 N/A N/A $477,500 -3.5% 30.8% DEAGON ~ 16 $325,000 -9.7% $350,000 -18.6% 30.6% NEW FARM ~ 13 $1,170,000 N/A $1,240,000 21.0% 41.3% DOOLANDELLA * ~ 15 $373,000 10.5% $380,000 -11.8% 44.5% NEWMARKET ~ 5 N/A N/A $615,000 -14.0% 33.4% DREWVALE 9 N/A N/A $464,000 -4.8% 27.1% NORMAN PARK 14 $650,000 4.2% $656,500 -5.9% 42.7% DURACK ~ 7 N/A N/A $333,000 -11.1% 33.2% NORTHGATE ~ 10 $431,500 -22.9% $470,000 1.6% 38.1% EAST BRISBANE ~ 11 $680,000 17.2% $621,000 -10.0% 35.0% NUDGEE ~ 6 N/A N/A $510,000 7.4% 67.2% EIGHT MILE PLAINS ~ 24 $585,944 11.6% $563,500 -7.6% 34.2% NUNDAH 12 $433,750 -8.8% $533,000 -8.9% 29.4% ENOGGERA ~ 17 $480,000 -16.6% $535,000 -8.7% 25.9% OXLEY 20 $421,750 -0.8% $430,000 -4.9% 29.2% EVERTON PARK 15 $455,000 -5.1% $480,000 -4.4% 40.8% PADDINGTON 15 $685,000 -7.7% $813,750 0.5% 50.7% FAIRFIELD 6 N/A N/A $554,000 -5.3% 20.7% PARKINSON 24 $493,750 5.6% $495,000 -6.1% 30.8% FERNY GROVE 12 $490,000 1.6% $475,000 -5.0% 27.3% PULLENVALE ^ ~ 6 $1,180,000 N/A $1,050,000 -5.6% 23.5% FIG TREE POCKET 6 N/A N/A $742,500 -5.4% 36.9% RED HILL 15 $610,000 -0.8% $677,500 -0.9% 38.5% FITZGIBBON 10 $394,000 -2.7% $397,000 -7.0% 15.7% RIVERHILLS 11 $406,000 N/A $406,500 -7.5% 27.0% Please see page 41 for legend and further notes December Quarter 2011
  7. 7. 7BRISBANE CITYMEDIAN SALES DATA MEDIAN SALES DATASuburb/ Number of Dec change 12 mths to change change Suburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Locality Sales Dec Qtr over the end of over over Qtr 2011 2011 qtr Dec 2011 1yr 5yrs Qtr 2011 2011 qtr Dec 2011 1yr 5yrsHOUSES continued UNITS & TOWNHOUSES continuedROBERTSON 4 N/A N/A $645,000 -5.8% 15.4% BULIMBA 9 N/A N/A $510,000 0.1% 15.9%ROCKLEA ~ 12 $279,086 18.3% $279,543 -22.3% 6.1% CALAMVALE * t 15 $366,000 -2.1% $372,000 4.8% 24.4%RUNCORN 16 $411,500 -5.4% $427,500 -1.7% 35.4% CARINA * 13 $415,000 6.4% $405,000 -5.8% 13.1%SALISBURY 8 N/A N/A $422,500 -7.1% 28.8% CARINA HEIGHTS * t 9 N/A N/A $420,000 -9.2% 15.9%SANDGATE 13 $499,000 -5.0% $528,250 1.2% 41.8% CARINDALE * 6 N/A N/A $460,000 -9.2% 47.2%SEVEN HILLS 6 N/A N/A $592,000 -3.0% 36.1% CARSELDINE * t 7 N/A N/A $387,500 N/A 47.3%SEVENTEEN MILE ROCKS ~ 4 N/A N/A $611,250 11.0% 23.2% CHERMSIDE * 16 $395,000 -6.4% $431,000 1.1% 34.3%SHERWOOD 6 N/A N/A $730,000 -0.5% 34.7% CLAYFIELD 22 $366,250 0.1% $359,000 -0.3% 34.3%SINNAMON PARK ~ 11 $534,000 -17.9% $585,000 -5.8% 31.6% COORPAROO 25 $376,000 4.4% $365,000 -3.9% 37.3%ST LUCIA ~ 8 N/A N/A $1,023,000 -4.2% 53.8% DOOLANDELLA * t 2 N/A N/A $346,000 2.8% N/ASTAFFORD 9 N/A N/A $454,300 -7.1% 35.2% EAST BRISBANE * 10 $393,000 -18.1% $415,500 -5.6% 43.3%STAFFORD HEIGHTS ~ 13 $430,000 -12.2% $445,000 -4.6% 26.4% EIGHT MILE PLAINS * 13 $335,000 -9.5% $370,000 -1.9% 45.1%STRETTON 10 $662,500 N/A $675,000 7.6% 44.7% EVERTON PARK ~ * 11 $369,000 21.3% $349,813 -11.4% 36.9%SUNNYBANK 14 $469,000 0.9% $499,000 -5.8% 29.3% FORTITUDE VALLEY 31 $420,000 6.3% $385,000 -3.8% 16.7%SUNNYBANK HILLS 37 $485,000 4.6% $480,000 -4.0% 34.1% GORDON PARK * 12 $370,000 N/A $385,000 8.8% 34.7%TAIGUM 2 N/A N/A $421,500 -7.0% 22.4% GREENSLOPES 9 N/A N/A $345,000 -6.8% 35.3%TARINGA ~ 8 N/A N/A $665,000 -11.3% 9.9% HAMILTON * f 11 $415,000 -1.2% $427,500 -14.5% 14.0%TARRAGINDI 32 $520,084 -4.5% $557,500 -5.3% 40.6% HAWTHORNE * 7 N/A N/A $435,000 2.3% 25.7%THE GAP 40 $530,500 0.1% $539,000 -3.8% 31.5% HIGHGATE HILL 8 N/A N/A $441,000 -3.3% 19.2%TINGALPA 18 $422,500 4.3% $422,500 -2.2% 30.0% HOLLAND PARK WEST 4 N/A N/A $385,000 7.2% 35.1%TOOWONG 14 $662,500 2.6% $665,000 -6.7% 36.0% INDOOROOPILLY ~ 14 $487,000 6.2% $445,000 -4.3% 27.5%UPPER KEDRON 3 N/A N/A $545,000 0.9% 26.7% KANGAROO POINT ~ f 30 $535,000 34.1% $450,000 -10.9% 13.2%UPPER MOUNT GRAVATT ~ 14 $471,250 -14.3% $488,750 4.7% 48.1% KEDRON 10 $382,500 N/A $358,750 5.3% 38.0%VIRGINIA 7 N/A N/A $449,500 -0.7% 40.5% KELVIN GROVE * 21 $487,000 8.2% $437,750 5.5% 28.0%WAKERLEY 23 $575,000 -8.7% $630,000 0.0% 44.7% MOOROOKA * t 6 N/A N/A $390,000 -7.1% 62.4%WAVELL HEIGHTS ~ 33 $477,500 -11.1% $537,500 -0.5% 45.3% MORNINGSIDE 15 $430,000 2.4% $425,000 -5.6% 22.4%WEST END ~ 6 N/A N/A $710,000 -12.3% 31.5% MOUNT GRAVATT EAST 9 N/A N/A $395,000 2.8% 38.1%WESTLAKE ~ 12 $621,000 -16.6% $570,000 -9.6% 25.3% NEW FARM f 29 $450,000 -16.7% $500,000 -4.8% 31.6%WILSTON ~ 11 $715,000 N/A $718,250 -16.7% 26.7% NEWMARKET ~ 7 N/A N/A $370,000 -13.3% 18.6%WINDSOR ~ 12 $538,750 N/A $606,000 -11.7% 28.9% NEWSTEAD ~ * f 14 $528,500 N/A $650,000 28.7% 35.4%WISHART ~ 12 $573,000 10.4% $546,500 -2.2% 44.6% NORMAN PARK 9 N/A N/A $370,000 2.8% 37.3%WOOLLOONGABBA 6 N/A N/A $620,000 -7.3% 40.3% NUNDAH ~ * 27 $365,000 9.6% $365,000 -1.1% 30.4%WOOLOOWIN ~ 8 N/A N/A $675,000 -6.9% 31.7% PADDINGTON ~ 12 $425,000 -6.5% $440,000 4.8% 25.7%WYNNUM ~ 33 $420,000 -9.2% $477,500 -10.1% 22.4% RED HILL 7 N/A N/A $427,500 N/A 37.3%WYNNUM WEST ~ 23 $365,000 -11.0% $415,000 -5.7% 23.9% RICHLANDS * t 11 $351,000 4.2% $348,500 1.9% 31.5%YERONGA 6 N/A N/A $602,500 -9.4% 18.1% RUNCORN 13 $301,888 -1.0% $320,000 -4.2% 42.2%ZILLMERE 12 $367,500 3.5% $367,500 -9.0% 28.9% SALISBURY * t 3 N/A N/A $389,000 N/A 5.4% SHERWOOD * 3 N/A N/A $372,500 -10.5% 10.2%UNITS & TOWNHOUSES SOUTH BRISBANE 10 $472,500 5.5% $444,000 -0.2% 15.3%BRISBANE CITY (LGA) 973 $400,000 2.0% $395,000 -2.9% 23.4% SPRING HILL ~ 24 $350,000 -13.2% $393,000 0.8% 39.0%ALDERLEY 9 N/A N/A $394,500 10.5% 23.7% ST LUCIA ~ * 25 $399,500 -12.2% $425,000 -3.4% 19.7%ANNERLEY * t 22 $427,500 -4.5% $397,500 8.0% 59.0% STAFFORD * t 10 $357,500 N/A $360,000 -7.1% 53.2%ASCOT 6 N/A N/A $406,500 0.9% 36.9% SUNNYBANK * t 20 $382,500 N/A $382,500 N/A 43.3%ASHGROVE * t 13 $405,000 -7.1% $410,000 3.8% 13.9% SUNNYBANK HILLS t 5 N/A N/A $373,000 0.7% 59.4%ASPLEY ~ 4 N/A N/A $335,000 -10.7% 21.2% TAIGUM 7 N/A N/A $325,000 -7.3% 28.2%AUCHENFLOWER 7 N/A N/A $430,000 0.0% 31.1% TARINGA ~ 25 $390,000 -11.9% $390,000 -8.6% 24.6%BALMORAL ~ 5 N/A N/A $431,500 -13.7% 21.5% TENERIFFE ~ f 20 $505,000 -1.9% $512,500 -6.8% 25.0%BOWEN HILLS * 11 $412,000 N/A $405,000 -3.6% 12.5% THE GAP * t 5 N/A N/A $460,000 N/A 58.9%BRISBANE CITY * 76 $445,000 -4.3% $445,500 -3.2% 4.1% TOOWONG 21 $432,000 0.7% $413,000 -5.2% 29.3% Please see page 41 for legend and further notes December Quarter 2011
  8. 8. 8 BRISBANE CITY MEDIAN SALES DATA MEDIAN WEEKLY RENTS Suburb/ Number of Dec change 12 mths to change change Example Dec Qtr 2011 Dec Qtr 2010 Postcode Locality Sales Dec Qtr over the end of over over Suburb Rent New Rent New Qtr 2011 2011 qtr Dec 2011 1yr 5yrs ($) Bonds ($) Bonds UNITS & TOWNHOUSES continued 3 BEDROOM HOUSES continued WAKERLEY 1 N/A N/A $401,000 -5.6% 19.7% 4012 NUNDAH 395 66 380 77 WEST END ~ * 20 $550,000 14.3% $483,550 -8.8% 10.1% 4030 LUTWYCHE 450 52 450 42 WINDSOR 5 N/A N/A $370,000 1.1% 45.1% 4031 GORDON PARK 400 45 380 53 WISHART 3 N/A N/A $350,000 -3.0% 25.0% 4051 ALDERLEY 430 77 395 72 WOOLLOONGABBA 7 N/A N/A $450,500 8.2% 39.0% NORTH - OUTER 375 353 360 350 WYNNUM 4 N/A N/A $370,000 -5.1% 23.0% 4013 NORTHGATE 395 17 340 21 YEERONGPILLY g 3 N/A N/A $416,100 N/A 33.8% 4014 VIRGINIA 390 35 360 35 YERONGA 9 N/A N/A $392,000 -6.7% 14.5% 4017 BRACKEN RIDGE 375 113 360 99 ZILLMERE 8 N/A N/A $374,250 1.1% 46.8% 4018 FITZGIBBON 375 16 370 19 4032 CHERMSIDE 380 43 360 49 VACANT URBAN LAND 4034 ASPLEY 375 116 350 105 BRISBANE CITY (LGA) * ~ 126 $279,500 5.9% $275,000 -11.9% 17.0% 4036 HILLS BALD 325 13 350 22 BRISBANE CITY (LGA) ^ ~ 7 N/A N/A $640,000 -3.2% -24.7% NORTH WEST - INNER 500 92 460 85 BRIDGEMAN DOWNS * 6 $321,750 N/A N/A N/A N/A 4059 GROVE KELVIN 510 37 460 39 CALAMVALE * 3 N/A N/A $302,500 -12.3% 40.7% 4060 ASHGROVE 480 35 430 23 CARSELDINE * 8 $337,500 N/A N/A N/A N/A 4065 BARDON 500 20 460 23 DOOLANDELLA ~ * 8 $200,000 -11.1% $233,750 0.5% 41.7% NORTH WEST - OUTER 385 223 360 229 DREWVALE * 9 $252,000 0.0% $259,500 N/A 28.5% 4053 STAFFORD 380 151 360 148 DURACK * 5 $230,000 -1.9% $234,500 11.7% N/A 4054 ARANA HILLS 380 45 360 52 FITZGIBBON ~ * G 13 $219,720 30.8% $184,950 -17.8% 8.2% 4061 GAP THE 430 27 400 29 HEATHWOOD * 1 N/A N/A $265,000 10.9% N/A SOUTH - INNER 400 377 380 335 MOGGILL * 3 N/A N/A $255,000 N/A 36.7% 4103 ANNERLEY 425 40 400 40 RIVERHILLS * 10 $262,000 N/A N/A N/A N/A 4104 YERONGA 390 20 420 16 ROCHEDALE * 7 $320,000 N/A N/A N/A N/A 4105 MOOROOKA 385 53 360 37 WAKERLEY * 5 $300,000 N/A $330,000 -4.7% 34.7% 4120 GREENSLOPES 440 32 400 24 4121 HOLLAND PARK 400 94 380 73 4122 MANSFIELD 390 137 370 145 MEDIAN WEEKLY RENTS SOUTH - OUTER 360 278 350 307 Example Dec Qtr 2011 Dec Qtr 2010 Postcode 4106 ROCKLEA 350 15 350 13 Suburb Rent New Rent New ($) Bonds ($) Bonds 4107 SALISBURY 370 27 360 23 3 BEDROOM HOUSES 4108 COOPERS PLAINS 360 16 330 19 BRISBANE CITY 395 2837 380 2787 4109 MACGREGOR 360 83 360 93 BAYSIDE 380 145 370 151 4110 ACACIA RIDGE 320 40 320 42 4178 WYNNUM 380 90 370 90 4112 KURABY 365 12 320 20 4179 MANLY 400 55 375 61 4113 EIGHT MILE PLAINS 385 43 350 68 CITY INNER 495 248 470 234 4115 ALGESTER 370 26 360 13 4000 BRISBANE CITY 580 17 495 24 4116 CALAMVALE 390 16 370 16 4005 FARM NEW 750 21 540 17 SOUTH EAST - INNER 440 296 420 293 4006 HILLS BOWEN 480 9 470 9 4151 COORPAROO 430 33 425 46 4064 PADDINGTON 500 54 450 45 4152 CAMP HILL 420 113 400 108 4066 TOOWONG 465 46 460 39 4170 CANNON HILL 440 96 420 94 4067 LUCIA ST 430 13 465 10 4171 BALMORAL 500 47 470 34 4101 END WEST 550 29 500 35 4172 MURARRIE 390 7 400 11 4102 WOOLOONGABBA 470 23 420 24 SOUTH EAST - OUTER 380 36 395 49 4169 BRISBANE EAST 460 36 440 31 4153 BELMONT 415 5 395 9 NORTH - INNER 430 308 400 323 4173 TINGALPA 370 15 365 17 4007 ASCOT 520 19 510 25 4174 HEMANT 380 10 355 10 4010 ALBION 400 10 420 15 SOUTH WEST - INNER 420 138 400 106 4011 CLAYFIELD 450 37 450 37 4068 CHELMER 460 53 430 37 Please see page 41 for legend and further notes December Quarter 2011
  9. 9. 9BRISBANE CITYMEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS Example Dec Qtr 2011 Dec Qtr 2010 Example Dec Qtr 2011 Dec Qtr 2010 Postcode Postcode Suburb Rent New Rent New Suburb Rent New Rent New ($) Bonds ($) Bonds ($) Bonds ($) Bonds3 BEDROOM HOUSES continued 2 BEDROOM UNITS continued4075 CORINDA 400 85 390 69 4121 HOLLAND PARK 340 32 330 32 SOUTH WEST - OUTER 350 343 345 325 4122 MANSFIELD 380 64 340 814069 BROOKFIELD 430 47 410 50 SOUTH - OUTER 300 49 300 404070 ANSTEAD 400 14 310 6 4107 SALISBURY 292 11 n.a. 14073 SEVENTEEN MILE ROCKS 380 17 390 15 4109 MACGREGOR 380 23 375 234074 JINDALEE 370 61 360 67 4115 ALGESTER 285 5 n.a. 44076 DARRA 320 27 325 19 SOUTH EAST - INNER 350 348 340 3264077 DOOLANDELLA 300 72 300 65 4151 COORPAROO 340 132 330 1424078 FOREST LAKE 345 105 335 103 4152 HILL CAMP 350 31 340 35 4170 CANNON HILL 350 95 350 782 BEDROOM UNITS 4171 BALMORAL 400 88 395 71 BRISBANE CITY 380 3718 365 3824 SOUTH EAST - OUTER 290 7 300 11 BAYSIDE 300 46 300 52 4173 TINGALPA 290 7 290 94178 WYNNUM 300 32 305 39 SOUTH WEST - INNER 375 231 360 1974179 MANLY 300 14 300 13 4068 CHELMER 380 190 365 159 CITY INNER 470 1531 450 1603 4075 CORINDA 320 41 320 384000 BRISBANE CITY 560 288 575 322 SOUTH WEST - OUTER 320 25 250 294005 FARM NEW 480 236 440 254 4076 DARRA 230 7 153 144006 BOWEN HILLS 470 216 455 250 4078 FOREST LAKE 340 11 330 84064 PADDINGTON 380 47 380 494066 TOOWONG 390 181 360 182 3 BEDROOM TOWNHOUSES4067 LUCIA ST 400 97 380 77 BRISBANE CITY 395 1424 385 13764101 WEST END 500 258 470 254 BAYSIDE 380 82 370 664102 WOOLOONGABBA 400 39 380 29 4178 WYNNUM 380 40 370 394169 BRISBANE EAST 455 168 435 186 4179 MANLY 395 42 370 27 NORTH - INNER 345 714 325 772 CITY INNER 560 46 550 504007 ASCOT 385 118 350 106 4005 FARM NEW 980 7 620 84010 ALBION 360 25 350 31 4006 HILLS BOWEN 490 8 420 54011 CLAYFIELD 340 133 325 161 4064 PADDINGTON 560 6 n.a. 44012 NUNDAH 350 142 335 140 4066 TOOWONG 610 6 500 74030 LUTWYCHE 320 102 310 118 4067 ST LUCIA 550 5 500 74031 GORDON PARK 330 72 315 80 4101 WEST END 620 7 585 104051 ALDERLEY 340 122 320 136 NORTH - INNER 450 116 450 110 NORTH - OUTER 340 217 325 234 4007 ASCOT 630 14 575 154013 NORTHGATE 330 19 300 25 4011 CLAYFIELD 495 12 510 134017 BRACKEN RIDGE 285 17 315 27 4012 NUNDAH 420 27 430 224032 CHERMSIDE 390 113 350 106 4030 LUTWYCHE 510 17 430 184034 ASPLEY 330 61 330 54 4031 GORDON PARK 420 14 385 16 NORTH WEST - INNER 380 139 350 99 4051 ALDERLEY 430 32 450 234059 GROVE KELVIN 385 96 350 584060 ASHGROVE 340 35 350 384065 BARDON 300 8 n.a. 3 NB Median rents are collated by POSTCODE and are NORTH WEST - OUTER 330 54 310 61 based upon new bonds lodged for the quarter. The suburb4053 STAFFORD 330 52 310 60 listed is an example of one of the suburbs found within SOUTH - INNER 340 357 320 400 that postcode.4103 ANNERLEY 330 90 310 954104 YERONGA 350 33 310 364105 MOOROOKA 310 51 320 574120 GREENSLOPES 330 84 320 94 Please see page 41 for legend and further notes December Quarter 2011
  10. 10. 10 BRISBANE CITY MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS Example Dec Qtr 2011 Dec Qtr 2010 Example Dec Qtr 2011 Dec Qtr 2010 Postcode Postcode Suburb Rent New Rent New Suburb Rent New Rent New ($) Bonds ($) Bonds ($) Bonds ($) Bonds 3 BEDROOM TOWNHOUSES 3 BEDROOM TOWNHOUSES continued NORTH - OUTER 380 144 360 178 SOUTH - OUTER 380 332 370 326 4013 NORTHGATE 430 5 420 9 4107 SALISBURY 475 6 470 8 4017 BRACKEN RIDGE 360 39 350 72 4109 MACGREGOR 400 46 390 53 4018 FITZGIBBON 345 23 360 23 4110 RIDGE ACACIA 340 7 320 8 4032 CHERMSIDE 440 20 400 27 4112 KURABY 360 17 350 15 4034 ASPLEY 390 57 360 47 4113 EIGHT MILE PLAINS 385 134 380 139 NORTH WEST - INNER 545 14 490 11 4115 ALGESTER 350 44 350 45 4059 KELVIN GROVE 490 6 n.a. 4 4116 CALAMVALE 380 78 365 58 4065 BARDON 565 6 n.a. 4 SOUTH EAST - INNER 440 218 420 193 NORTH WEST - OUTER 395 51 395 59 4151 COORPAROO 425 13 460 11 4053 STAFFORD 400 36 400 48 4152 CAMP HILL 426 116 400 105 4054 HILLS ARANA 365 8 355 8 4170 CANNON HILL 470 59 425 51 4061 THE GAP 385 7 n.a. 3 4171 BALMORAL 540 23 520 14 SOUTH - INNER 420 154 400 135 4172 MURARRIE 480 7 490 12 4103 ANNERLEY 490 28 445 25 SOUTH EAST - OUTER 395 70 385 58 4104 YERONGA 450 13 440 14 4153 BELMONT 420 11 410 6 4105 MOOROOKA 430 23 395 23 4154 GUMDALE 400 33 390 35 4120 GREENSLOPES 450 20 485 15 4173 TINGALPA 370 23 365 16 4121 HOLLAND PARK 430 7 380 8 SOUTH WEST - INNER 440 56 390 65 4122 MANSFIELD 400 62 390 50 4068 CHELMER 500 21 490 23 4075 CORINDA 425 35 380 42 SOUTH WEST - OUTER 350 141 350 125 4073 SEVENTEEN MILE ROCKS 400 20 390 20 4074 JINDALEE 395 17 450 23 4077 DOOLANDELLA 345 84 345 38 4078 FOREST LAKE 345 13 325 35 GREATER BRISBANE HOUSE AND UNIT MARKET Mirroring the results for Brisbane, the surrounding In Logan, Logan Central increased 10 per cent to regions of our capital city recorded steady results over the $268,500. The suburb is the administrative and December quarter. commercial centre for the area and has entry level prices for first home buyers. It also attracts investors due to The median house price for Ipswich was flat at $300,000 its central location, supply of tenants, and stock of ex- over the period. Logan City’s median house price Housing Commission properties ripe for renovation. increased 1.7 per cent to $341,000; Moreton Bay’s reduced 0.3 per cent to $369,000; and Redland City’s Clontarf in the Moreton Bay region recorded median dipped by just 0.7 per cent to $424,000 over the quarter. house price growth of 6.3 per cent to $345,000, while Capalaba in Redland City was up 6.5 per cent to $410,000. A solid performer in Ipswich was North Ipswich which recorded an increase in its median house price of 10 The median price of units and townhouses performed per cent to $253,000. Located on the northern side of well in Ipswich, Moreton Bay Regional and Redland City the Bremer River, the long established suburb of North council areas due to an increase in the number of new Ipswich offers residents a mix of old and new. There are townhouses sold as well as the number of units and homes with a distinctly colonial feel in the suburb - one of townhouses sold with water views. the first areas settled in the Ipswich area - as well as old The growth of townhouse developments in the Moreton Queenslanders and cottages. Bay region is starting to change the type of housing stock available in this area, as well as having a positive impact on median prices in suburbs such as Morayfield and Scarborough. Please see page 41 for legend and further notes December Quarter 2011

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