Qmm Issue14 Linda Jane Debello

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Qmm Issue14 Linda Jane Debello

  1. 1. your state-wide property research guide - suburb by suburb REIQ ISSUE 14 REAL ESTATE INSTITUTE QUEENSLAND “Property prices MARCH QUARTER 2012 QUARTERLY PRICE MOVEMENTS have grown in STATE-WIDE SUMMARY LGA HOUSES UNITS LAND most areas and SOUTHEAST QLD HOUSE AND UNIT MARKETS some regions BRISBANE (SD) 0.0% -2.9% 6.8% ~ * The Queensland property market has turned BRISBANE CITY 1.2% -3.1% 7.3% ~ * have also around and posted positive results for the first time in 18 months. IPSWICH CITY 0.0% -5.6% * t -5.3% * experienced LOGAN CITY -1.8% -8.9% * t 4.8% * The REIQ March quarter Queensland Market substantial MORETON BAY -2.4% -0.3% 3.4% Monitor has found house prices across the increases in majority of Queensland increasing with sales REDLAND CITY -0.9% -14.3% f ~ -29.4% ~ numbers also up – in some cases significantly. sales activity, GOLD COAST CITY 0.7% -2.4% -13.2% * f Three months ago when the REIQ analysed the SUNSHINE COAST 0.6% 2.2% ~ 14.6% * which is a December quarter data it seemed to indicate MAJOR REGIONS hugely welcome the bottom of the market had been reached TOOWOOMBA 0.7% -6.1% ~ -9.0% * because prices were stabilising. turnaround” FRASER COAST 7.8% ~ -7.0% * f 0.0% The REIQ predicted at the time that the March BUNDABERG 3.7% -8.6% * f 0.0% quarter data would be even more positive and GLADSTONE -0.6% 5.1% * f t 10.5% * house prices across the state have duly started to increase. ROCKHAMPTON 1.6% -1.2% -1.0% MACKAY 1.2% -12.7% f ~ 7.8% * f Property prices have grown in most areas and some regions have also experienced TOWNSVILLE CITY 0.0% -6.4% * f 4.9% * substantial increases in sales activity, which is CAIRNS 4.5% ~ -1.2% * f 6.7% ~ a hugely welcome turnaround See page 41 for REIQ explanatory notes Linda-Jane Debello of And while the March quarter figures contain plenty of good news, perhaps the best piece The top performer of all major regions across of news is some very healthy results in the State was Fraser Coast, which posted Queensland’s tourism centres, which have median house price growth of 7.8 per cent to struggled more than most over recent years. $290,000 over the March quarter. The numbers of preliminary house sales were also up an impressive 42 per cent.Proud to be REIQ accredited You can Did you know find out more at reiq.com has over 90,000 Queensland properties for sale and rent?
  2. 2. 2 state-wide summary table of contents QUEENSLAND - PRICEPOINTS QUEENSLAND - PRICEPOINTS Queensland market update: QUEENSLAND - PRICEPOINTS QUEENSLAND HOUSE SALES State-wide summary (cont’d) 2 QUEENSLAND HOUSE SALES <$350,000 $350,000+ $500,000+ $1m+ QUEENSLAND HOUSE SALES <$350,000 $350,000+ $500,000+ $1m+ MAR 12 2967 3207 1979 145 Regional market updates: MAR 12 <$350,000 2967 $350,000+ 3207 $500,000+ 1979 $1m+ 145 DEC 11 2760 3071 1748 185 MAR 11 DEC 12 2967 2760 3207 3071 1979 185 145 1748 Brisbane City 5 SEP 11 3093 3453 2042 188 DEC 11 SEP 11 2760 3093 3071 3453 1748 2042185 188 Greater Brisbane 10 JUN 11 2435 3047 1828 187 SEP 11 JUN 11 3093 2435 3047 3453 1828 2042 187 188 MAR 11 2153 3047 1923 146 Gold Coast 16 JUN 11 MAR 11 2435 2153 3047 3047 1828 1923 187 146 Source: REIQ, data provided by PriceFinder Toowoomba 19 MAR 11 2153 3047 1923 146 Source: REIQ, data provided by PriceFinder Sunshine Coast 21 QUEENSLAND UNIT SALES Source: REIQ, data provided by PriceFinder <$250,000 QUEENSLAND UNIT SALES $250,000+ $350,000+ $500,000+ $1m+ Fraser Coast 24 <$250,000 QUEENSLAND UNIT SALES $250,000+ $350,000+ $500,000+ $1m+ MAR 12 598 1123 1057 425 77 Bundaberg 26 <$250,000 $250,000+ $350,000+ 425 $500,000+ $1m+ MAR 12 598 1123 1057 77 DEC 11 588 922 955 417 79 Gladstone 28 MAR 11 DEC 12 598 588 1123 922 9551057 417 425 77 79 SEP 11 579 1182 1118 474 76 Rockhampton 30 DEC 11 SEP 11 588 579 922 1182 9551118 417 474 76 79 JUN 11 553 999 1030 518 92 SEP 11 579 1182 1118 518474 92 76 Mackay 32 JUN 11 MAR 11 553 491 999 959 1030 985 434 78 JUN 11 MAR 11 553 491 999 959 1030 434 985 518 78 92 Townsville 34 Source: REIQ, data provided by PriceFinder MAR 11 491 959 985 434 78 Source: REIQ, data provided by PriceFinder Cairns 36 QUEENSLAND Source: REIQ, data provided by PriceFinder LAND SALES Other Regional Areas 39 <$250,000 QUEENSLAND LAND SALES $250,000+ $350,000+ $500,000+ $1m+ <$250,000 20 MAR 12 QUEENSLAND LAND SALES 242 61 7 $1m+ $250,000+ 1264 $350,000+ $500,000+ Rental Market Indicators 40 20 <$250,000 MAR 12 $250,000+ 1264 $350,000+ $500,000+ 7 $1m+ 242 6126 DEC 11 1210 227 70 6 2620 Residential rental yields 40 MAR 11 DEC 12 1264 1210 242 30 227 7061 6 7 SEP 11 1173 237 61 26 11 30 DEC 11 SEP 11 1210 26 227 70 6 Residential vacancy rates 40 JUN 11 977 1173 142 62 4 237 61 11 26 30 1173 32 142 62 237 61 11 SEP 11 JUN 11 977 4 MAR 11 663 140 8 REIQ explanatory notes 41 46 32 26 JUN 11 MAR 11 663 977 140 8 142 62 4 Source: REIQ, data provided by PriceFinder 32 46 MAR 11 663 140 Source: REIQ, data provided by PriceFinder 8 46 Source: REIQ, data provided by PriceFinder Please see page 41 for legend and further notes March Quarter 2012
  3. 3. 3state-wide summaryThe second best performer was Cairns, which recordedmedian house price growth of 4.5 per cent to $350,000. MEDIAN PRICES - Mar QTR 2012 Local agents say the region now represented excellent LGA HOUSES UNITS LANDvalue with demand increasing, especially in the upper SOUTHEAST QLDend of the market. BRISBANE (SD) $425,000 $365,000 $224,250Queensland’s unit and townhouse market also BRISBANE CITY $505,000 $387,750 $300,000experienced strengthening demand over the March IPSWICH CITY $300,000 $220,000 $179,000quarter. The numbers of preliminary unit and townhouse LOGAN CITY $335,000 $239,000 $220,000sales across the State were up 11 per cent compared tothe December quarter last year. MORETON BAY $360,000 $325,900 $210,000 REDLAND CITY $420,000 $307,500 $56,500Over the period, there was also a dramatic increase in thenumber of units sold between $250,000 and $350,000 with GOLD COAST CITY $454,375 $241,500 $240,000sales in this price bracket increasing 22 per cent. SUNSHINE COAST $430,000 $332,250 $271,500This increase in more affordable unit and townhouse MAJOR REGIONS sales is being driven by demand from first home buyers TOOWOOMBA $288,000 $230,000 $136,000and investors, who often target properties at the lower FRASER COAST $290,000 $251,000 $130,000end of the market. BUNDABERG $280,000 $245,000 $140,000About 19 per cent of homes financed in Queensland are GLADSTONE $475,000 $358,250 $246,500now being bought by first home buyers, which is the ROCKHAMPTON $320,000 $284,000 $143,500highest level of activity from first-time property buyers MACKAY $425,000 $310,000 $194,000since 2009 when the First Home Owners Boost wasavailable. TOWNSVILLE CITY $360,000 $286,000 $166,750 CAIRNS $350,000 $212,500 $160,000Investors too are making a long-awaited return to themarket with more than 4,500 properties bought byinvestors in March this year. The 10-year average is 5,000dwellings per month so this is also the strongest level ofactivity from investors since early 2010. SALES ACTIVITY - Mar QTR 2012 Over the March quarter, median unit and townhouse LGA HOUSES UNITS LANDprices softened in a number of areas due to this shift in SOUTHEAST QLDdemand for more affordable properties. Median prices BRISBANE (SD) steady up steadyreflect the types of properties that sell over a particular BRISBANE CITY steady strong strongtimeframe so if more affordable properties sell the IPSWICH CITY steady down downmedian will be dragged lower. LOGAN CITY up strong up MORETON BAY steady steady downVACANT LAND MARKET REDLAND CITY steady steady upSales activity for the vacant land market was up 4 per GOLD COAST CITY up up upcent over the March quarter for the State as a whole, with SUNSHINE COAST strong up upthe majority of the increase occurring in the $250,000 to$350,000 bracket. Top sales increases were most notable MAJOR REGIONS in South East Queensland (SEQ), while Rockhampton TOOWOOMBA down down steadyoutperformed all major regional areas. FRASER COAST strong down steadyWith a number of new land estates coming onto the BUNDABERG up down steadymarket, a number of areas recorded strong increases in GLADSTONE steady strong steadytheir quarterly medians. Local agents state-wide however, ROCKHAMPTON strong strong upare reporting a restraint on supply levels as some MACKAY steady steady downdevelopers continue to have difficulty securing finance. TOWNSVILLE CITY up down up CAIRNS steady down steady steady +/- 5% up/down 5-20% strong >20% Please see page 41 for legend and further notes March Quarter 2012
  4. 4. 4 state-wide summary RENTAL MARKET MEDIAN WEEKLY RENTS - Mar QTR 2012 Demand for rental properties continues to strengthen LGA 3 BED HOUSE 2 BED FLAT 3 BED T’HSE with vacancy rates tightening across the State. SOUTHEAST QLD The REIQ March residential vacancy rates show the BRISBANE CITY $400 - $390 u $405 - majority of regions experiencing strong demand from IPSWICH CITY $285 - $235 - $295 - tenants, with vacancy rates in many areas now below 3 LOGAN CITY $325 - $255 - $325 - per cent. MORETON BAY $320 - $265 - $320 - A vacancy rate of 3 per cent is generally considered to be REDLAND CITY $365 - $310 u $365 - the equilibrium point of supply and demand. GOLD COAST CITY $400 - $350 - $360 - With a slow sales market, many potential first home SUNSHINE COAST $365 - $300 - $350 - buyers and investors are still sitting on the sideline, which MAJOR REGIONS has contributed to the lower vacancy rates. TOOWOOMBA $280 - $220 - $300 u The latest Australian Bureau of Statistics (ABS) data FRASER COAST $260 - $215 u $300 - however is showing an increasing number of investors and first-timers coming back into the market, which BUNDABERG $270 - $210 - $270 d should help ease this pent-up demand and keep rental GLADSTONE $480 u* $360 u* $560 u* price growth steady. ROCKHAMPTON $330 u* $250 u $340 u* The resource centres continue to experience extreme MACKAY $460 u* $350 u* $470 u* conditions, with vacancy levels of 2 per cent or below. TOWNSVILLE CITY $350 - $300 - $360 - Median rents in these areas, as reported by the CAIRNS $320 - $250 - $300 - Residential Tenancies Authority (RTA), are on the rise as a result. (-) steady (u) up (d) down * change greater than $20 Meanwhile in SEQ, subdued rents along with first home buyers still playing the waiting game has contributed to increased demand for rental properties. Investors are also still only beginning to come out of the woodwork, which has meant rental supply levels remain low. VACANCY RATES - March 2012 GROSS RENTAL YIELDS - Mar QTR 2012 LGA 31-Mar-12 TREND LGA HOUSES UNITS SOUTHEAST QLD SOUTHEAST QLD BRISBANE CITY 1.7% d* BRISBANE CITY 4.1% - 5.2% u IPSWICH CITY 2.8% - IPSWICH CITY 4.9% - 5.6% - LOGAN CITY 2.3% - LOGAN CITY 5.0% - 5.5% u MORETON BAY 3.0% u MORETON BAY 4.6% - 4.2% - REDLAND CITY 2.2% d REDLAND CITY 4.5% - 5.2% - GOLD COAST CITY 3.9% d GOLD COAST CITY 4.6% - 7.5% u* SUNSHINE COAST 3.1% - SUNSHINE COAST 4.4% - 4.7% - MAJOR REGIONS MAJOR REGIONS TOOWOOMBA 1.9% - TOOWOOMBA 5.1% - 5.1% u FRASER COAST 3.8% - FRASER COAST 4.7% d 4.5% u BUNDABERG 3.3% d BUNDABERG 5.0% - 4.5% - GLADSTONE 1.4% - GLADSTONE 5.3% u 5.2% - ROCKHAMPTON 1.0% u* ROCKHAMPTON 5.4% - 4.6% - MACKAY 1.7% - MACKAY 5.6% - 5.9% u* TOWNSVILLE CITY 2.0% d TOWNSVILLE CITY 5.1% - 5.5% u* CAIRNS 2.5% d CAIRNS 4.8% - 6.1% - (-) 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 March Quarter 2012
  5. 5. 5BRISBANE CITYHOUSE AND UNIT MARKETS BRISBANE CITY HOUSE SALESThe median house price in Brisbane increased 1.2 per <$350,000 $350,000+ $500,000+ $1m+cent to $505,000 over the March quarter. MAR 12 148 773 931 58 MARA number of Brisbane’s middle ring suburbs performedwell over the March quarter. Holland Park’s median house DEC 11 185 788 858 111 DECprice increased 9.3 per cent to $499,000 as buyers started SEP 11 196 882 1013 96 SEPto once again consider upgrading their homes. JUN 11 165 738 949 91 JUNHolland Park is located approximately 8km from the MAR 11 118 697 910 83 MARBrisbane CBD, and is neighboured by Holland Park West,Mount Gravatt, Mount Gravatt East and Camp Hill.A popular family area, Holland Parks many local facilitiesand easy access to the city and surrounding areas has BRISBANE SURROUNDS HOUSE SALESensured demand remains strong. Residents are serviced <$350,000 BRISBANE CITY UNIT$500,000+ $350,000+ SALES $1m+by a variety of services and in surrounding suburbs. <$250,000 MAR 12 843 $250,000+ 677$350,000+ $500,000+ 218 4 $1m+ MARGriffith University, shopping centres, schools and the MAR 11 DEC 12 754 709 185 187 7 DEC 42 355 570 26 MARSoutheast Busway along the Southeast Freeway havehelped to add value to the area in recent years. DEC 11 SEP 11 891 239 35 477 788 201 21246 12 SEP DEC JUN 11 SEP 11 686 49 331 761 614 237 230 7 24 JUN SEPThe neighbouring suburb of Mount Gravatt Eastexperienced increased demand over the period, with a MAR 11 JUN 11 586 48 268 779 512 244 6 33 201 MAR JUNsignificant jump in sales compared to the December INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL 174 MAR 11 37 220 478 13 MARquarter. The suburb, with a median of $499,999, is a moreaffordable option for many buyers than Holland Park but GOLD COAST HOUSE SALESlargely provides the same amenities, types of propertiesand attractive undulating location. <$350,000 $350,000+ $500,000+ $1m+ BRISBANE SURROUNDS UNIT SALESBrisbane’s median unit and townhouse price softened 3.1 MAR 12<$250,000BRISBANE CITY LAND 268 $500,000+ 94 $250,000+ 394 $350,000+ SALES 52 $1m+ MARper cent to $387,750, however sales activity was up more <$250,000 $250,000+ $350,000+ $500,000+ MAR 12 DEC 11 116 77 329 155 226 5163 14 0 MAR DECthan 20 per cent compared to the previous quarter. MAR 12 49 82 40 8 MAR DEC 11 SEP 11 78 76 130399 75 264 16 0 53 DEC SEPThe inner-city suburb of West End recorded positive unit DEC 11 31 66 20 9 DEC SEP 11 101 346159 54 19 2 SEPprice growth over the quarter with its median price up 6.7 JUN 11 SEP 11 68 52 51 243 22 12 56 JUN SEPper cent to $587,000. JUN 11 81 155 61 23 JUN MAR 11 JUN 11 25 28 371 32 25 8 350 36 MAR JUNAnother solid performer was also in the inner-city with MAR 11 71 143 58 14 3 MAR MAR 11 21 28 8 6 MARSpring Hill’s median unit price increasing 6.4 per cent to INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL$372,500. SUNSHINE COAST HOUSE SALES GOLD COAST UNIT SALESVACANT LAND MARKET BRISBANE$250,000+ $350,000+ $500,000+ $1m+ <$250,000 <$350,000 SURROUNDS LAND SALES $350,000+ $500,000+ $1m+ RENTAL MARKET <$250,000 $250,000+ $350,000+ $500,000+Over the quarter, the Brisbane vacant land market MAR 12 108 MAR 12 136 288 326 238 165 131 24 36 MAR MAR MAR 12 304 72 8 2 MARrecorded a significant increase in sales activity, with a In Brisbane, the vacancy rate has reduced to 1.7 per cent, DEC 11 81 345 242 258 DEC 11 105 188 132 11925 45 DEC 11 DEC DECnumber of land releases in some of the city’s outer-lying from 2.3 per cent in December last year. Brisbane’s inner- 56 14 3 DECsuburbs. city SEP 11 98 a vacancy 325 of 1.4 23149168 6 down from recorded SEP 11 140 SEP 11 278 349 rate per cent, 146 14 22 34 SEP SEP SEP 1.9 per cent in December.The highest increases in activity were recorded in the JUN 11 JUN 11 JUN 11 313 61 131 312259 167 270 40 18 174 24 4 38 JUN JUNsuburbs of Wakerley, Fitzgibbon and Upper Kedron. Some Across11 216the capital city, the majority of agents report MAR 82 47 267 9 5 20 134 vacant listings 307 269one to two154 MAR 11 55 MAR 11 33 MAR MARupper-end sales in Bulimba, Bridgeman Downs and taking weeks to let, withDoolandella also contributed to the overall increase in between twoLOGAN,five applicants per listing. Includes REDLAND, to IPSWICH & MORETON BAY REGIONALBrisbane’s median over the quarter. Agents from REIQ accredited agencies in inner Brisbane GOLD COAST LAND SALESThe most prevalent trend for the Brisbane land market is report supply levels remaining limited asSALES stay put, SUNSHINE COAST UNIT tenants <$250,000 $250,000+ $350,000+ $500,000+ $500,000+$1m+that sales volumes have more than doubled compared to students are settled $250,000+ and potential first home <$250,000 for the year, $350,000+the March quarter last year, and are back to levels seen buyers 12 60 for131wait-and-see 25 MAR still 70 MAR 12 opt a approach. 6211 85 13 11 MAR MAprior to the floods. For middle 47 outer Brisbane suburbs, stable rents have DEC 11 to 39 44 12 15 DEC DEC 11 119 78 42 10 DE ensured vacancies are re-let relatively quickly while also SEP 11 42 62 15 10 SEP encouraging current tenants to stay put. SEP 11 55 131 102 52 11 SE JUN 11 43 18 11 7 JUN Investor activity 114 JUN 11 41 across Brisbane remains63 96 subdued, with 14 JU some inner17 agents reporting a decline in investor MAR 11 city 20 3 15 MAR MAR 11 62 118 97 64 22 MA interest. Please see page 41 for legend and further notes March Quarter 2012
  6. 6. 6 BRISBANE CITY MEDIAN SALES DATA MEDIAN SALES DATA Suburb/ Number of Mar change 12 mths to change change Suburb/ Number of Mar change 12 mths to change change Locality Sales Mar Qtr over the end of over over Locality Sales Mar Qtr over the end of over over Qtr 2012 2012 qtr Mar 2012 1yr 5yrs Qtr 2012 2012 qtr Mar 2012 1yr 5yrs HOUSES HOUSES continued BRISBANE CITY (LGA) 1,910 $505,000 1.2% $510,000 -4.7% 29.1% GAYTHORNE 8 N/A N/A $525,000 N/A 29.8% BRISBANE CITY (LGA) ^ ~ 42 $832,500 -11.2% $958,812 -11.0% 12.8% GEEBUNG ~ 11 $410,000 2.5% $402,629 -11.5% 22.0% ACACIA RIDGE 18 $305,000 -1.6% $313,500 -3.5% 20.1% GORDON PARK 5 N/A N/A $607,000 4.2% 34.1% ALDERLEY ~ 12 $636,000 24.7% $585,000 -9.9% 27.2% GRACEVILLE 14 $505,000 N/A $655,000 -7.1% 27.8% ALGESTER 17 $397,500 -0.6% $397,000 -4.6% 22.2% GRANGE 7 N/A N/A $680,000 4.6% 28.3% ANNERLEY 15 $535,000 -3.2% $535,000 -10.1% 22.4% GREENSLOPES ~ 12 $550,000 -13.9% $565,000 -0.4% 22.8% ASCOT ~ 11 $628,000 -30.2% $920,000 -23.3% -8.2% HAMILTON ~ 4 N/A N/A $880,000 -13.1% -19.1% ASHGROVE ~ 22 $690,800 12.8% $671,000 -2.8% 25.2% HAWTHORNE ~ 15 $735,000 -17.6% $826,250 7.0% 23.6% ASPLEY 20 $470,000 -5.1% $475,000 2.2% 28.2% HEMMANT ~ 6 N/A N/A $378,500 -11.5% 16.5% AUCHENFLOWER 7 N/A N/A $818,750 6.5% 36.0% HENDRA ~ 9 N/A N/A $778,750 -2.7% 33.1% BALD HILLS 18 $372,500 4.9% $356,000 -8.7% 26.2% HOLLAND PARK ~ 25 $499,999 9.3% $500,000 -5.8% 27.2% BALMORAL ~ 11 $639,000 -14.9% $720,750 -9.7% 24.3% HOLLAND PARK WEST ~ 12 $544,500 N/A $520,000 -10.3% 40.5% BANYO 14 $379,500 -2.3% $408,500 -4.1% 20.7% INALA 20 $271,500 -3.0% $280,000 -3.4% 33.2% BARDON 24 $775,000 4.0% $737,900 -1.3% 33.6% INDOOROOPILLY 13 $700,000 4.5% $742,000 5.4% 29.0% BELLBOWRIE 5 N/A N/A $465,000 -2.1% 25.0% JAMBOREE HEIGHTS 5 N/A N/A $405,000 -2.5% 24.6% BELMONT ~ 6 N/A N/A $540,000 -14.3% 23.4% JINDALEE 14 $472,500 -1.5% $474,000 -8.1% 28.1% BOONDALL 20 $406,000 3.2% $403,000 -4.0% 25.0% KARANA DOWNS ^ 0 N/A N/A $447,500 N/A 44.4% BRACKEN RIDGE ~ 38 $433,500 15.6% $399,000 -3.9% 22.0% KEDRON 16 $507,500 5.8% $525,000 -3.9% 38.2% BRIDGEMAN DOWNS 14 $610,500 4.4% $675,000 -1.6% 22.9% KELVIN GROVE 6 N/A N/A $591,500 -9.0% 19.5% BRIGHTON 28 $377,000 -0.4% $395,000 -0.8% 29.5% KENMORE ~ 23 $570,100 25.3% $516,250 -5.3% 21.8% BULIMBA ~ 23 $800,000 N/A $795,500 -13.1% 6.1% KENMORE HILLS 6 N/A N/A $660,000 N/A 13.8% CALAMVALE 29 $475,000 -2.1% $485,000 -3.2% 23.6% KEPERRA 17 $405,000 3.8% $417,582 -4.1% 31.7% CAMP HILL 38 $583,750 -4.7% $600,000 -6.7% 30.4% KURABY ~ 14 $548,125 10.7% $545,000 1.1% 26.5% CANNON HILL 12 $565,000 N/A $585,000 2.6% 36.0% LOTA ~ 2 N/A N/A $502,500 7.1% 26.9% CARINA 15 $485,000 7.8% $480,000 -6.8% 32.2% MACGREGOR 8 N/A N/A $538,000 0.6% 31.2% CARINA HEIGHTS 8 N/A N/A $485,000 -4.7% 23.7% MANLY ~ 7 N/A N/A $555,000 -15.3% 7.8% CARINDALE 28 $570,750 0.3% $650,000 -6.5% 24.0% MANLY WEST 22 $447,000 -2.8% $468,000 -7.5% 23.2% CARSELDINE ~ 22 $470,000 -6.7% $495,000 -0.5% 22.2% MANSFIELD 22 $442,500 -2.7% $458,000 -9.8% 19.4% CHAPEL HILL 17 $605,300 -2.4% $610,000 -6.2% 13.0% MCDOWALL 7 N/A N/A $542,000 -6.6% 25.3% CHELMER ~ 3 N/A N/A $603,250 -31.5% -10.0% MIDDLE PARK 11 $460,000 7.3% $498,000 -5.9% 29.4% CHERMSIDE 12 $439,000 N/A $460,000 0.5% 29.6% MITCHELTON 21 $460,000 -6.8% $485,000 -8.2% 26.5% CHERMSIDE WEST 14 $432,500 0.1% $445,000 -6.3% 25.4% MOGGILL 7 N/A N/A $464,500 -3.4% 17.6% CLAYFIELD ~ 12 $880,500 -7.3% $875,000 -6.4% 27.3% MOOROOKA 20 $482,500 4.7% $460,500 -7.7% 27.9% COOPERS PLAINS 7 N/A N/A $410,000 -6.8% 28.1% MORNINGSIDE 17 $600,000 5.3% $560,000 -8.0% 21.7% COORPAROO ~ 22 $622,500 -13.5% $617,500 -6.9% 28.6% MOUNT GRAVATT 3 N/A N/A $480,000 -1.0% 26.3% CORINDA ~ 4 N/A N/A $600,000 1.7% 45.3% MOUNT GRAVATT EAST 30 $439,000 -3.6% $460,000 -3.2% 28.5% DARRA 5 N/A N/A $367,500 3.5% 46.4% MURARRIE 11 $537,000 N/A $471,250 -4.8% 17.8% DEAGON ~ 8 N/A N/A $340,250 -19.2% 23.7% NEW FARM 8 N/A N/A $1,160,000 -2.1% 31.8% DOOLANDELLA * ~ 3 N/A N/A $363,250 -17.4% 31.9% NEWMARKET 12 $615,000 N/A $647,750 -9.4% 28.1% DREWVALE 18 $480,500 N/A $455,000 -6.6% 21.7% NORMAN PARK 12 $620,000 -4.6% $640,000 -8.4% 32.6% DURACK ~ 4 N/A N/A $325,000 -16.5% 26.6% NORTHGATE 12 $430,000 -0.3% $437,500 -8.9% 16.7% EAST BRISBANE 6 N/A N/A $623,000 -5.3% 18.8% NUDGEE 10 $462,000 N/A $495,000 1.6% 59.7% EIGHT MILE PLAINS 19 $560,000 -4.4% $577,000 -3.8% 37.4% NUNDAH ~ 11 $580,000 33.7% $527,000 -8.7% 24.0% ENOGGERA 9 N/A N/A $542,500 -6.9% 21.6% OXLEY 10 $400,000 -5.2% $425,000 -5.6% 21.4% EVERTON PARK 20 $438,000 -3.7% $460,000 -8.9% 29.2% PADDINGTON 20 $743,500 8.5% $757,000 -4.2% 36.8% FERNY GROVE 8 N/A N/A $505,000 2.0% 33.8% PARKINSON 32 $501,500 1.6% $493,000 -6.5% 28.7% FIG TREE POCKET 10 $692,500 N/A $730,000 -7.3% 23.7% PULLENVALE ^ 4 N/A N/A $1,040,000 -6.5% 25.7% FITZGIBBON 8 N/A N/A $389,000 -6.5% 10.4% RED HILL 9 N/A N/A $685,000 3.0% 31.7% FOREST LAKE 60 $365,000 0.4% $376,000 -5.3% 19.4% RIVERHILLS 9 N/A N/A $405,300 -9.2% 25.5% Please see page 41 for legend and further notes March Quarter 2012
  7. 7. 7BRISBANE CITYMEDIAN SALES DATA MEDIAN SALES DATASuburb/ Number of Mar change 12 mths to change change Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Locality Sales Mar Qtr over the end of over over Qtr 2012 2012 qtr Mar 2012 1yr 5yrs Qtr 2012 2012 qtr Mar 2012 1yr 5yrsHOUSES continued UNITS & TOWNHOUSES continuedROBERTSON 7 N/A N/A $640,000 -5.9% 12.7% BULIMBA 16 $537,500 N/A $525,000 -4.5% 22.8%ROCKLEA ~ 6 N/A N/A $270,000 -23.4% -1.8% CALAMVALE 9 N/A N/A $370,000 3.5% 21.3%RUNCORN 17 $410,000 -0.4% $422,500 -1.7% 34.1% CAMP HILL 10 $382,500 N/A N/A N/A N/ASALISBURY 13 $430,000 N/A $415,000 -7.8% 23.1% CARINA * 23 $459,000 10.6% $420,000 -2.3% 15.1%SANDGATE 7 N/A N/A $523,250 -0.8% 36.8% CARINA HEIGHTS * t 20 $451,000 N/A $442,500 7.1% 22.6%SEVEN HILLS 6 N/A N/A $592,000 1.2% 27.1% CARINDALE * t 9 N/A N/A $429,500 -16.9% 24.1%SEVENTEEN MILE ROCKS 8 N/A N/A $600,000 4.3% 23.7% CARSELDINE * t 4 N/A N/A $387,500 N/A 44.6%SHERWOOD 8 N/A N/A $710,000 -1.1% 29.1% CHERMSIDE * 26 $347,500 -12.0% $408,500 -5.3% 18.9%SINNAMON PARK ~ 17 $607,000 13.7% $580,000 -7.2% 27.5% CLAYFIELD * t 36 $368,500 0.6% $367,000 2.8% 33.5%ST LUCIA ~ 3 N/A N/A $943,000 -13.9% 30.5% COORPAROO 33 $358,000 -4.8% $362,000 -3.5% 29.3%STAFFORD ~ 22 $435,000 N/A $435,000 -12.0% 24.3% DOOLANDELLA * t 4 N/A N/A $346,000 2.5% N/ASTAFFORD HEIGHTS 13 $425,000 -1.2% $432,000 -7.4% 17.1% EAST BRISBANE 6 N/A N/A $416,000 -8.1% 37.5%STRETTON ~ 7 N/A N/A $675,000 9.1% 45.6% EIGHT MILE PLAINS 9 N/A N/A $357,000 -8.0% 36.3%SUNNYBANK 20 $503,500 7.4% $500,000 -6.6% 27.2% ENOGGERA * t 6 N/A N/A $400,000 0.4% 21.2%SUNNYBANK HILLS ~ 19 $418,000 -13.8% $480,000 -1.0% 30.4% EVERTON PARK ~ * 13 $440,000 19.2% $367,000 -10.5% 28.1%TAIGUM 4 N/A N/A $403,750 -9.1% 14.4% FITZGIBBON * t 7 $387,500 N/A $358,200 N/A N/ATARINGA ~ 8 N/A N/A $670,000 -10.1% 9.8% FORTITUDE VALLEY 27 $405,000 -3.6% $399,000 0.3% 17.4%TARRAGINDI 22 $519,838 0.0% $545,000 -5.4% 30.4% GAYTHORNE * 7 N/A N/A $405,250 12.6% 39.1%THE GAP 40 $511,250 -3.6% $535,500 -2.9% 28.3% GORDON PARK * 6 N/A N/A $385,000 8.5% 33.6%TINGALPA 25 $410,000 -3.0% $416,000 -3.3% 19.9% GREENSLOPES 15 $320,000 N/A $339,000 -7.8% 30.4%TOOWONG 9 N/A N/A $660,000 -4.5% 27.5% HAMILTON * f 10 $405,000 -2.4% $428,750 -12.5% 9.9%UPPER KEDRON 4 N/A N/A $532,250 -1.4% 23.8% HAWTHORNE 7 N/A N/A $441,000 3.7% 27.5%UPPER MOUNT GRAVATT 18 $449,750 -4.6% $475,000 0.7% 40.1% HIGHGATE HILL ~ 6 N/A N/A $420,000 -9.7% 8.8%VIRGINIA 4 N/A N/A $449,500 3.0% 36.2% HOLLAND PARK WEST 5 N/A N/A $385,000 6.6% 32.8%WAKERLEY 26 $622,500 8.3% $625,500 1.7% 42.3% INDOOROOPILLY ~ 14 $410,000 -15.8% $450,000 -0.7% 28.6%WAVELL HEIGHTS 26 $500,000 4.7% $513,500 -6.0% 35.3% KANGAROO POINT ~ f 29 $393,500 -26.4% $435,000 -15.9% 3.6%WEST END ~ 9 N/A N/A $703,000 -11.3% 27.8% KEDRON 8 N/A N/A $358,750 3.4% 35.4%WESTLAKE 9 N/A N/A $604,000 -4.1% 29.5% KELVIN GROVE * 17 $400,000 -17.9% $455,000 9.6% 30.0%WILSTON ~ 7 N/A N/A $718,250 -16.1% 18.1% MANLY WEST * t 11 $430,000 N/A $370,000 N/A 39.6%WINDSOR ~ 10 $614,500 14.1% $615,000 -10.2% 30.2% MOOROOKA * t 14 $357,000 N/A $385,000 -8.3% 52.5%WISHART ~ 20 $509,500 -11.1% $548,000 4.7% 38.7% MORNINGSIDE 25 $415,000 -3.5% $429,000 -6.1% 20.8%WOOLLOONGABBA ~ 7 N/A N/A $563,500 -15.8% 18.6% MOUNT GRAVATT EAST 13 $385,000 N/A $400,000 4.8% 37.9%WOOLOOWIN ~ 8 N/A N/A $666,000 -11.1% 26.3% NEW FARM 28 $477,500 6.1% $499,000 -5.8% 27.9%WYNNUM 28 $450,000 7.1% $475,000 -8.7% 20.3% NEWMARKET * 6 N/A N/A $370,000 N/A 13.8%WYNNUM WEST ~ 26 $408,500 11.9% $410,000 -6.7% 19.9% NEWSTEAD ~ * f 18 $475,750 -10.0% $530,000 2.1% 17.9%YERONGA ~ 6 N/A N/A $560,000 -16.8% 8.7% NORTHGATE 9 N/A N/A $382,500 7.7% 42.2%ZILLMERE 6 N/A N/A $366,000 -4.9% 26.4% NUNDAH ~ * 31 $339,000 -7.1% $350,000 -8.4% 14.8% PADDINGTON 15 $441,000 3.8% $448,000 1.8% 29.9%UNITS & TOWNHOUSES RED HILL 6 N/A N/A $437,250 N/A 36.0%BRISBANE CITY (LGA) 1,180 $387,750 -3.1% $395,000 -3.7% 20.4% RICHLANDS * t 15 $335,000 -4.6% $336,450 -3.7% N/AALDERLEY 7 N/A N/A $382,000 -4.5% 7.6% RUNCORN 9 N/A N/A $310,000 -6.1% 34.2%ANNERLEY * t 23 $405,000 -5.3% $392,000 3.3% 44.1% SALISBURY * t 1 N/A N/A $389,000 N/A 20.6%ASCOT 15 $376,000 N/A $397,750 -2.9% 31.3% SHERWOOD * 13 $419,000 N/A $419,000 2.4% 40.6%ASHGROVE * t 10 $355,000 -12.3% $402,500 0.6% 15.5% SOUTH BRISBANE ~ 15 $428,000 -9.4% $462,500 4.6% 20.1%ASPLEY ~ 7 N/A N/A $335,000 -8.8% 16.4% SPRING HILL 32 $372,500 6.4% $379,500 -3.4% 27.7%AUCHENFLOWER ~ 19 $360,000 N/A $390,000 -10.3% 20.0% ST LUCIA ~ * 19 $440,000 10.1% $485,000 10.5% 33.8%BALMORAL 5 N/A N/A $462,000 N/A 27.2% STAFFORD * t 17 $389,080 8.8% $389,080 -2.2% 46.8%BOWEN HILLS * 9 $410,000 -0.5% $405,000 -3.6% 11.0% SUNNYBANK * t 3 N/A N/A $385,000 N/A 39.5%BRISBANE CITY * 82 $388,000 -12.8% $442,750 -5.6% 2.3% SUNNYBANK HILLS t 6 N/A N/A $357,500 -3.4% 45.9% Please see page 41 for legend and further notes March Quarter 2012
  8. 8. 8 BRISBANE CITY MEDIAN SALES DATA MEDIAN WEEKLY RENTS Suburb/ Number of Mar change 12 mths to change change Example Mar Qtr 2012 Mar Qtr 2011 Postcode Locality Sales Mar Qtr over the end of over over Suburb Rent New Rent New Qtr 2012 2012 qtr Mar 2012 1yr 5yrs ($) Bonds ($) Bonds UNITS & TOWNHOUSES continued 3 BEDROOM HOUSES continued TAIGUM t 9 N/A N/A $312,500 -11.1% 22.1% 4010 ALBION $420 8 $430 10 TARINGA * 48 $491,000 25.9% $475,000 15.9% 50.7% 4011 CLAYFIELD $520 45 $460 58 TENERIFFE ~ f 20 $535,000 5.9% $515,000 -9.6% N/A 4012 NUNDAH $395 70 $380 58 THE GAP * t 3 N/A N/A $460,000 0.0% 55.9% 4030 LUTWYCHE $450 70 $430 57 TOOWONG 21 $403,000 -6.7% $420,000 0.5% 23.7% 4031 GORDON PARK $405 46 $420 61 UPPER MOUNT GRAVATT 6 N/A N/A $415,000 6.1% 17.2% 4051 ALDERLEY $450 98 $400 105 WAKERLEY ~ 6 N/A N/A $400,000 -9.1% 19.4% NORTH - OUTER $375 398 $365 400 WEST END * f 26 $587,000 6.7% $560,000 5.7% 27.6% 4013 NORTHGATE $395 19 $380 16 WINDSOR ~ 7 N/A N/A $349,000 -9.4% 28.7% 4014 VIRGINIA $375 45 $375 34 WOOLLOONGABBA * 11 $480,000 N/A $470,000 11.9% 44.5% 4017 BRACKEN RIDGE $370 114 $360 123 WYNNUM 6 N/A N/A $372,500 -2.0% 20.2% 4018 FITZGIBBON $380 22 $365 22 YEERONGPILLY g 10 $393,750 N/A $401,000 N/A 18.3% 4032 CHERMSIDE $375 53 $375 61 YERONGA 6 N/A N/A $399,000 -4.8% 12.4% 4034 ASPLEY $380 126 $360 117 ZILLMERE 4 N/A N/A $373,500 1.1% 44.3% 4036 HILLS BALD $360 19 $340 27 NORTH WEST - INNER $490 147 $470 168 VACANT URBAN LAND 4059 KELVIN GROVE $505 64 $480 83 BRISBANE CITY (LGA) * ~ 179 $300,000 7.3% $278,000 -7.3% 16.3% 4060 ASHGROVE $450 44 $435 49 BRISBANE CITY (LGA) ^ ~ 13 N/A N/A $655,000 -6.4% -18.6% 4065 BARDON $480 39 $530 36 BRIDGEMAN DOWNS * 8 $347,500 8.0% $336,500 N/A 16.6% NORTH WEST - OUTER $395 276 $390 265 BULIMBA * 5 $485,000 N/A N/A N/A N/A 4053 STAFFORD $395 158 $390 169 DOOLANDELLA ~ * 11 $224,500 12.3% $230,000 -2.1% 39.4% 4054 ARANA HILLS $380 75 $380 51 DREWVALE * 6 $252,500 0.2% $256,000 N/A 38.4% 4061 GAP THE $430 43 $400 45 DURACK * 6 $232,250 1.0% $229,000 8.0% N/A SOUTH - INNER $400 415 $390 449 FITZGIBBON ~ * G 21 $192,000 -12.6% $186,950 -16.3% 9.5% 4103 ANNERLEY $440 64 $420 51 MOGGILL * 7 $242,000 N/A $255,000 -2.9% 34.2% 4104 YERONGA $450 23 $440 26 RIVERHILLS * 2 N/A N/A $262,000 N/A N/A 4105 MOOROOKA $380 62 $390 62 UPPER KEDRON 7 $305,000 N/A N/A N/A N/A 4120 GREENSLOPES $440 31 $445 43 WAKERLEY * 16 $318,000 6.0% $317,000 -6.8% 22.4% 4121 HOLLAND PARK $420 100 $395 101 4122 MANSFIELD $380 135 $375 162 MEDIAN WEEKLY RENTS SOUTH - OUTER $365 302 $360 322 Example Mar Qtr 2012 Mar Qtr 2011 Postcode 4106 ROCKLEA $340 12 $335 8 Suburb Rent New Rent New ($) Bonds ($) Bonds 4107 SALISBURY $350 26 $355 34 4108 COOPERS PLAINS $380 21 $360 26 3 BEDROOM HOUSES BRISBANE CITY $400 3395 $390 3396 4109 MACGREGOR $380 111 $360 107 BAYSIDE $390 149 $380 146 4110 ACACIA RIDGE $340 45 $335 44 4178 WYNNUM $390 92 $375 97 4113 EIGHT MILE PLAINS $365 49 $360 64 4179 MANLY $380 57 $380 49 4115 ALGESTER $380 21 $365 13 CITY INNER $505 372 $480 358 4116 CALAMVALE $410 15 $385 20 4000 BRISBANE CITY $520 26 $510 26 SOUTH EAST - INNER $440 364 $420 332 4005 FARM NEW $600 20 $540 23 4151 COORPAROO $475 55 $440 37 4006 BOWEN HILLS $520 15 $500 19 4152 CAMP HILL $420 136 $395 113 4064 PADDINGTON $515 98 $495 73 4170 CANNON HILL $440 103 $425 99 4066 TOOWONG $480 63 $460 73 4171 BALMORAL $470 54 $475 62 4067 LUCIA ST $450 39 $480 43 4172 MURARRIE $400 16 $375 21 4101 WEST END $540 36 $495 32 SOUTH EAST - OUTER $390 44 $395 50 4102 WOOLOONGABBA $500 33 $470 32 4154 GUMDALE $450 7 $460 10 4169 BRISBANE EAST $475 42 $500 37 4173 TINGALPA $385 28 $390 29 NORTH - INNER $430 363 $420 375 4174 HEMANT $385 5 n.a. 4 4007 ASCOT $480 23 $560 23 Please see page 41 for legend and further notes March Quarter 2012
  9. 9. 9BRISBANE CITYMEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS Example Mar Qtr 2012 Mar Qtr 2011 Example Mar Qtr 2012 Mar Qtr 2011 Postcode Postcode Suburb Rent New Rent New Suburb Rent New Rent New ($) Bonds ($) Bonds ($) Bonds ($) Bonds3 BEDROOM HOUSES continued 2 BEDROOM UNITS continued SOUTH WEST - INNER $430 174 $420 138 4103 ANNERLEY $340 136 $330 1164068 CHELMER $475 89 $450 72 4104 YERONGA $350 30 $330 424075 CORINDA $390 85 $380 66 4105 MOOROOKA $345 69 $340 72 SOUTH WEST - OUTER $350 391 $350 393 4120 GREENSLOPES $340 96 $330 924069 BROOKFIELD $440 44 $440 65 4121 HOLLAND PARK $340 44 $340 384070 ANSTEAD $365 13 $340 12 4122 MANSFIELD $385 88 $370 1054073 SEVENTEEN MILE ROCKS $395 19 $380 14 SOUTH - OUTER $325 60 $335 654074 JINDALEE $380 80 $370 70 4106 ROCKLEA $307 6 n.a. 44076 DARRA $320 37 $300 34 4107 SALISBURY $292 12 n.a. 44077 DOOLANDELLA $305 71 $300 81 4108 COOPERS PLAINS $300 6 n.a. 14078 FOREST LAKE $345 127 $345 117 4109 MACGREGOR $390 28 $385 41 4115 ALGESTER $285 5 $295 112 BEDROOM UNITS SOUTH EAST - INNER $360 473 $350 409 BRISBANE CITY $390 5095 $375 5090 4151 COORPAROO $350 171 $340 173 BAYSIDE $320 45 $300 57 4152 CAMP HILL $360 64 $360 424178 WYNNUM $320 27 $300 43 4170 CANNON HILL $375 119 $350 894179 MANLY $300 18 $300 14 4171 BALMORAL $410 118 $370 105 CITY INNER $455 2133 $450 2175 SOUTH EAST - OUTER $360 11 $325 94000 BRISBANE CITY $580 300 $540 390 4173 TINGALPA $360 11 $325 84005 NEW FARM $475 308 $475 270 SOUTH WEST - INNER $375 394 $360 4454006 BOWEN HILLS $480 272 $460 249 4068 CHELMER $380 342 $360 4014064 PADDINGTON $380 75 $375 80 4075 CORINDA $320 52 $320 444066 TOOWONG $390 327 $390 345 SOUTH WEST - OUTER $320 19 $320 154067 LUCIA ST $400 260 $400 268 4078 FOREST LAKE $340 8 $335 134101 WEST END $500 311 $500 3134102 WOOLOONGABBA $480 64 $400 55 3 BEDROOM TOWNHOUSES BRISBANE CITY $405 1741 $399 16754169 EAST BRISBANE $420 216 $420 204 BAYSIDE $385 88 $375 75 NORTH - INNER $355 914 $340 879 4178 WYNNUM $380 46 $370 434007 ASCOT $420 183 $360 119 4179 MANLY $400 42 $395 324010 ALBION $360 26 $350 17 CITY INNER $575 110 $565 884011 CLAYFIELD $350 163 $330 164 4000 BRISBANE CITY $590 5 $750 64012 NUNDAH $360 195 $345 210 4006 BOWEN HILLS $625 8 $535 94030 LUTWYCHE $330 128 $320 118 4064 PADDINGTON $590 19 $630 144031 GORDON PARK $325 66 $320 97 4066 TOOWONG $500 24 $510 214051 ALDERLEY $350 153 $340 154 4067 LUCIA ST $575 35 $560 14 NORTH - OUTER $345 282 $330 316 4101 WEST END $670 14 $630 154013 NORTHGATE $300 30 $285 28 NORTH - INNER $450 131 $450 1324014 VIRGINIA $370 10 $350 14 4007 ASCOT $550 8 $500 104017 BRACKEN RIDGE $280 19 $270 19 4011 CLAYFIELD $550 14 $500 144018 FITZGIBBON $340 8 $240 29 4012 NUNDAH $420 29 $430 284032 CHERMSIDE $380 129 $380 152 4030 LUTWYCHE $460 18 $450 114034 ASPLEY $350 84 $330 74 4031 GORDON PARK $445 29 $430 21 NORTH WEST - INNER $410 221 $380 170 4051 ALDERLEY $450 32 $450 484059 KELVIN GROVE $460 161 $385 1234060 ASHGROVE $350 50 $360 364065 BARDON $310 10 $290 11 NB Median rents are collated by POSTCODE and are NORTH WEST - OUTER $360 76 $330 79 based upon new bonds lodged for the quarter. The suburb4053 STAFFORD $370 73 $330 75 listed is an example of one of the suburbs found within SOUTH - INNER $350 467 $340 471 that postcode. Please see page 41 for legend and further notes March Quarter 2012
  10. 10. 10 BRISBANE CITY MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS Example Mar Qtr 2012 Mar Qtr 2011 Example Mar Qtr 2012 Mar Qtr 2011 Postcode Postcode Suburb Rent New Rent New Suburb Rent New Rent New ($) Bonds ($) Bonds ($) Bonds ($) Bonds 3 BEDROOM TOWNHOUSES continued 3 BEDROOM TOWNHOUSES continued NORTH - OUTER $375 196 $370 185 4112 KURABY $360 34 $360 35 4013 NORTHGATE $440 17 $390 14 4113 EIGHT MILE PLAINS $390 167 $390 180 4017 BRACKEN RIDGE $360 60 $355 45 4115 ALGESTER $360 44 $350 49 4018 FITZGIBBON $370 35 $360 28 4116 CALAMVALE $375 61 $365 72 4032 CHERMSIDE $440 30 $435 43 SOUTH EAST - INNER $450 242 $440 202 4034 ASPLEY $375 54 $370 55 4151 COORPAROO $480 13 $465 17 NORTH WEST - INNER $500 24 $505 25 4152 CAMP HILL $435 116 $415 100 4059 KELVIN GROVE $480 13 $520 12 4170 CANNON HILL $470 71 $440 47 4060 ASHGROVE $455 7 $450 8 4171 BALMORAL $530 29 $530 29 NORTH WEST - OUTER $405 75 $410 66 4172 MURARRIE $480 13 $465 9 4053 STAFFORD $405 56 $410 54 SOUTH EAST - OUTER $400 50 $405 93 4054 ARANA HILLS $350 8 $360 5 4153 BELMONT $420 5 $415 18 4061 THE GAP $440 11 $430 7 4154 GUMDALE $400 34 $415 53 SOUTH - INNER $430 169 $410 170 4173 TINGALPA $375 11 $370 22 4103 ANNERLEY $480 28 $450 39 SOUTH WEST - INNER $470 97 $475 81 4104 YERONGA $430 11 $425 9 4068 CHELMER $525 46 $530 43 4105 MOOROOKA $440 28 $430 33 4075 CORINDA $400 51 $380 38 4120 GREENSLOPES $500 21 $500 9 SOUTH WEST - OUTER $350 158 $340 127 4121 HOLLAND PARK $460 15 $405 16 4069 BROOKFIELD $425 5 n.a. 1 4122 MANSFIELD $405 65 $395 63 4073 SEVENTEEN MILE ROCKS $410 17 $395 22 SOUTH - OUTER $380 401 $375 431 4074 JINDALEE $480 27 $435 16 4107 SALISBURY $470 11 $470 9 4076 DARRA $330 5 n.a. 1 4109 MACGREGOR $410 73 $385 84 4077 DOOLANDELLA $345 82 $330 47 4110 ACACIA RIDGE $340 8 n.a. 2 4078 FOREST LAKE $340 22 $330 38 GREATER BRISBANE HOUSE AND UNIT MARKET In Brisbane’s surrounding council areas, there was an Logan City’s median house price decreased 1.8 per cent increase in sales in the under $350,000 price range as to $335,000. One of the suburbs to record price growth well as in the $500,000 to $1 million bracket over the was Hillcrest with an increase of 9.8 per cent to $365,000. March quarter. Sales activity was also up 5 per cent Developed mostly in the early 1980’s, the majority of compared to the December quarter. properties are three-bedroom brick-and-tile homes favoured by families. First home buyers have also moved Ipswich’s median house price was flat at $300,000 over into the area to snap up affordable homes. the quarter. A number of Ipswich suburbs performed well however two solid performers were Springfield Moreton Bay’s median house price decreased 2.4 per Lakes, with median house price growth of 6.4 per cent to cent to $360,000 partly due to the increase in sales of $388,500 and North Ipswich, which posted a median price more affordable properties. increase of 6.7 per cent to $270,000. The varying types of properties sold over the March Redland City’s median decreased 0.9 per cent to quarter was behind decreases in the median unit and $420,000. A steady performer was Redland Bay which townhouse prices across most of Greater Brisbane. recorded price growth of 4.2 per cent to $448,000. One In Logan and Redland, the large drop in median was of the last coastal areas of Redland Shire to undergo largely due to a shift towards affordable stock. Woodridge development, Redland Bay has become increasing in Logan saw an increase in sales – particularly for the popular over recent years due to its village atmosphere sub-$250,000 bracket. In Redland, unit sales in Cleveland and location right on Moreton Bay. were down, while more affordable sales in Capalaba were up. Please see page 41 for legend and further notes March Quarter 2012

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