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REIQ
QMM STATE-WIDE COMMENTARY
ISSUE21
QUEENSLANDMARKETMONITORISSUE21
DECEMBER QTR 2013
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QUEENSLAND
HOUSE SALES
PEAK
SALES MARKET
The numbers of house sales across Queensland peaked
at the end of last year as well as recorded healthy price
growth according to the REIQ’s Queensland Market
Monitor (QMM) for the December quarter.
December quarter data shows that the volume of house
sales hit its annual peak of activity in the last three
months of 2013. The numbers of sales was also one of
the healthiest quarterly periods for a number of years.
Not only can the December quarter claim to be the third
strongest in as many years, it was also firming without
the aid of extraneous stimulus measures.
Queensland’s most recent peak was in September
2012 when the return of stamp duty concessions
underpinned the increased sales activity.
2 QUEENSLAND MARKET MONITOR
However, the strength of this latest quarter is a direct
reflection of the improving market and growing
confidence levels.
The September quarter, or spring selling season,
historically records the high numbers of sales. Last
year, however, the December quarter trumped it with the
preliminary numbers of house sales peaking at just shy of
10,000 for that three-month period.
This was the case across most major regions of the State
which is a further signal that the Queensland market is
well into its next growth phase. And when we compare
2013 to the very good times of 2007, we are sitting at about
75 per cent of the sales volumes that occurred during
that year.
Not only are more properties selling, they are taking less
time to do so and with less discounting. The most recent
data shows that in Brisbane, for example, the average time
it takes to sell a home has reduced to 74 days with average
discounting from list prices sitting at about 6 per cent.
And REIQ accredited agencies are reporting that many
properties are now selling for their asking prices or above
with instances of multiple offers also increasing.
Just as the volume of sales is growing so too are median
house prices in most regions. Over the December quarter,
the Brisbane median house price increased 6 per cent to
$562,000 – the third best performer over the quarter. There
was a significant jump in sales between $500,000 and
$1 million over the period which can partly explain this
quarterly price increase.
Queensland market update	 1
State-Wide Summary (cont’d)	2
REIQ Explanatory notes	 5
Brisbane market updates
Brisbane City	 6
Greater Brisbane	 11
Regional market updates
Gold Coast	 16
Toowoomba	19
Sunshine Coast	 21
Fraser Coast	 23
Bundaberg	25
Gladstone	27
Rockhampton	28
Mackay	30
Townsville	32
Cairns	34
Other Regional	 36
On The Market Indicators	 37
Average Vendor Discount	
Average Days on Market
Total Listings
Rental Market Indicators	 38
Gross rental yields	
Residential vacancy rates	
TABLE OF CONTENTS
REIQ
STATE-WIDE
SUMMARY CONTINUED
"The strength
of this latest
quarter is
a direct
reflection of
the improving
market and
growing
confidence
levels"
MEDIAN SALE PRICE QUARTERLY MOVEMENTS
LGA HOUSES UNITS LAND
SOUTH EAST QUEENSLAND
BRISBANE (SD) 5.2% 3.5% 9.7%
BRISBANE CITY 6.0% 2.0% 5.4%
IPSWICH CITY 4.4% -7.8% ~ 3.0%
LOGAN CITY 3.0% 5.7% ~ * -20.6% ~
MORETON BAY 7.7% ~ -0.3% 13.6% ~
REDLAND CITY 3.5% 3.4% 25.0% ~
GOLD COAST CITY 1.7% 1.5% -1.3%
SUNSHINE COAST 3.6% 6.3% 2.7%
MAJOR REGIONS
TOOWOOMBA 6.5% 6.5% ~ * 6.9% ~
FRASER COAST 0.5% -9.9% ~ * 10.1% ~
BUNDABERG 5.7% -18.0% ~ f -9.6% ~
GLADSTONE 5.0% N/A 3.0%
ROCKHAMPTON 0.5% 9.8% ~ 16.8% ~
MACKAY -2.4% 2.5% 15.4% ~
TOWNSVILLE CITY 3.2% 7.7% ~ -0.9%
CAIRNS 1.0% -14.7% ~ f -2.6%
996	
  
993	
  
759	
  
960	
  
732	
  
185	
  
183	
  
117	
  
136	
  
153	
  
60	
  
84	
  
67	
  
76	
  
66	
  
33	
  
23	
  
21	
  
32	
  
28	
  
9	
  
6	
  
7	
  
5	
  
2	
  
	
  DEC	
  12	
  
	
  MAR	
  13	
  
	
  JUN	
  13	
  
	
  SEP	
  13	
  
Dec-­‐13	
  
QUEENSLAND	
  LAND	
  SALES	
  (p)	
  
<$250,000	
   $250,000+	
   $350,000+	
   $500,000+	
   $1m+	
  
(p)	
  Preliminary	
  sales	
  uploaded	
  as	
  at	
  5	
  weeks	
  a6er	
  the	
  end	
  of	
  each	
  quarterly	
  period	
  	
  
583	
  
758	
  
711	
  
873	
  
770	
  
1089	
  
1028	
  
1058	
  
1221	
  
1163	
  
984	
  
953	
  
1034	
  
1184	
  
1148	
  
451	
  
510	
  
532	
  
588	
  
669	
  
62	
  
91	
  
88	
  
110	
  
116	
  
	
  DEC	
  12	
  
	
  MAR	
  13	
  
	
  JUN	
  13	
  
	
  SEP	
  13	
  
Dec-­‐13	
  
QUEENSLAND	
  UNIT	
  SALES	
  (p)	
  
<$250,000	
   $250,000+	
   $350,000+	
   $500,000+	
   $1m+	
  
(p)	
  Preliminary	
  sales	
  uploaded	
  as	
  at	
  5	
  weeks	
  a6er	
  the	
  end	
  of	
  each	
  quarterly	
  period	
  	
  
2923	
  
2701	
  
2852	
  
3203	
  
3024	
  
3185	
  
2917	
  
3016	
  
3359	
  
3632	
  
2070	
  
1914	
  
2081	
  
2360	
  
2856	
  
193	
  
181	
  
225	
  
249	
  
292	
  
	
  DEC	
  12	
  
	
  MAR	
  13	
  
	
  JUN	
  13	
  
	
  SEP	
  13	
  
Dec-­‐13	
  
QUEENSLAND	
  HOUSE	
  SALES	
  (p)	
  
<$350,000	
   $350,000+	
   $500,000+	
   $1m+	
  
(p)	
  Preliminary	
  sales	
  uploaded	
  as	
  at	
  5	
  weeks	
  a6er	
  the	
  end	
  of	
  each	
  quarterly	
  period	
  
Source:	
  REIQ,	
  data	
  provided	
  by	
  RP	
  data	
  
996	
  
993	
  
759	
  
960	
  
732	
  
185	
  
183	
  
117	
  
136	
  
153	
  
60	
  
84	
  
67	
  
76	
  
66	
  
33	
  
23	
  
21	
  
32	
  
28	
  
9	
  
6	
  
7	
  
5	
  
2	
  
	
  DEC	
  12	
  
	
  MAR	
  13	
  
	
  JUN	
  13	
  
	
  SEP	
  13	
  
Dec-­‐13	
  
QUEENSLAND	
  LAND	
  SALES	
  (p)	
  
<$250,000	
   $250,000+	
   $350,000+	
   $500,000+	
   $1m+	
  
(p)	
  Preliminary	
  sales	
  uploaded	
  as	
  at	
  5	
  weeks	
  a6er	
  the	
  end	
  of	
  each	
  quarterly	
  period	
  	
  
583	
  
758	
  
711	
  
873	
  
770	
  
1089	
  
1028	
  
1058	
  
1221	
  
1163	
  
984	
  
953	
  
1034	
  
1184	
  
1148	
  
451	
  
510	
  
532	
  
588	
  
669	
  
62	
  
91	
  
88	
  
110	
  
116	
  
	
  DEC	
  12	
  
	
  MAR	
  13	
  
	
  JUN	
  13	
  
	
  SEP	
  13	
  
Dec-­‐13	
  
QUEENSLAND	
  UNIT	
  SALES	
  (p)	
  
<$250,000	
   $250,000+	
   $350,000+	
   $500,000+	
   $1m+	
  
(p)	
  Preliminary	
  sales	
  uploaded	
  as	
  at	
  5	
  weeks	
  a6er	
  the	
  end	
  of	
  each	
  quarterly	
  period	
  	
  
2923	
  
2701	
  
2852	
  
3203	
  
3024	
  
3185	
  
2917	
  
3016	
  
3359	
  
3632	
  
2070	
  
1914	
  
2081	
  
2360	
  
2856	
  
193	
  
181	
  
225	
  
249	
  
292	
  
	
  DEC	
  12	
  
	
  MAR	
  13	
  
	
  JUN	
  13	
  
	
  SEP	
  13	
  
Dec-­‐13	
  
QUEENSLAND	
  HOUSE	
  SALES	
  (p)	
  
<$350,000	
   $350,000+	
   $500,000+	
   $1m+	
  
(p)	
  Preliminary	
  sales	
  uploaded	
  as	
  at	
  5	
  weeks	
  a6er	
  the	
  end	
  of	
  each	
  quarterly	
  period	
  
Source:	
  REIQ,	
  data	
  provided	
  by	
  RP	
  data	
  
996	
  
993	
  
759	
  
960	
  
732	
  
185	
  
183	
  
117	
  
136	
  
153	
  
60	
  
84	
  
67	
  
76	
  
66	
  
33	
  
23	
  
21	
  
32	
  
28	
  
9	
  
6	
  
7	
  
5	
  
2	
  
	
  DEC	
  12	
  
	
  MAR	
  13	
  
	
  JUN	
  13	
  
	
  SEP	
  13	
  
Dec-­‐13	
  
QUEENSLAND	
  LAND	
  SALES	
  (p)	
  
<$250,000	
   $250,000+	
   $350,000+	
   $500,000+	
   $1m+	
  
(p)	
  Preliminary	
  sales	
  uploaded	
  as	
  at	
  5	
  weeks	
  a6er	
  the	
  end	
  of	
  each	
  quarterly	
  period	
  	
  
583	
  
758	
  
711	
  
873	
  
770	
  
1089	
  
1028	
  
1058	
  
1221	
  
1163	
  
984	
  
953	
  
1034	
  
1184	
  
1148	
  
451	
  
510	
  
532	
  
588	
  
669	
  
62	
  
91	
  
88	
  
110	
  
116	
  
	
  DEC	
  12	
  
	
  MAR	
  13	
  
	
  JUN	
  13	
  
	
  SEP	
  13	
  
Dec-­‐13	
  
QUEENSLAND	
  UNIT	
  SALES	
  (p)	
  
<$250,000	
   $250,000+	
   $350,000+	
   $500,000+	
   $1m+	
  
(p)	
  Preliminary	
  sales	
  uploaded	
  as	
  at	
  5	
  weeks	
  a6er	
  the	
  end	
  of	
  each	
  quarterly	
  period	
  	
  
2923	
  
2701	
  
2852	
  
3203	
  
3024	
  
3185	
  
2917	
  
3016	
  
3359	
  
3632	
  
2070	
  
1914	
  
2081	
  
2360	
  
2856	
  
193	
  
181	
  
225	
  
249	
  
292	
  
	
  DEC	
  12	
  
	
  MAR	
  13	
  
	
  JUN	
  13	
  
	
  SEP	
  13	
  
Dec-­‐13	
  
QUEENSLAND	
  HOUSE	
  SALES	
  (p)	
  
<$350,000	
   $350,000+	
   $500,000+	
   $1m+	
  
(p)	
  Preliminary	
  sales	
  uploaded	
  as	
  at	
  5	
  weeks	
  a6er	
  the	
  end	
  of	
  each	
  quarterly	
  period	
  
Source:	
  REIQ,	
  data	
  provided	
  by	
  RP	
  data	
  
The top major region over the period was Moreton Bay
which posted median house price growth of 7.7 per cent
to $387,750. The Greater Brisbane region is attractive
for first home buyers and investors given its relative
affordability and also it has the lion’s share of new
housing developments across the Brisbane area.
The next best performer was Toowoomba which again
posted median price growth over the quarter. Its median
house price increased 6.5 per cent to $329,000. Over the
year ending December, its median grew by an impressive
8.5 per cent. Toowoomba’s proximity to the Surat Basin
Energy Province continues to underpin its strong property
market and potential for future growth.
The median price of units and townhouses across South
East Queensland grew over the December quarter as well.
The preliminary numbers of unit sales also increased six
per cent over the year.
The unit market is continuing to improve in-line with
the house sales market – albeit centred around the
southeast corner.
A key difference between the Queensland house and unit
markets is that predominantly the lion’s share of these
types of properties is located in the southeast as that is
where demand for housing is the greatest.
In fact, demand for units in Brisbane has resulted in
record numbers of off-the-plan sales lately. According
to recently-released research, more than 1,000 new
apartment sales were transacted in the December quarter
– the highest level since 2002.
3
STATE-WIDE SUMMARY
DECEMBER QUARTER 2013
MEDIAN SALE PRICES
LGA HOUSES UNITS LAND
SOUTH EAST QUEENSLAND
BRISBANE (SD) $465,000 $385,000 $215,000
BRISBANE CITY $562,000 $408,000 $334,500
IPSWICH CITY $308,000 $219,000 $172,450
LOGAN CITY $345,000 $240,000 $158,900
MORETON BAY $387,750 $299,000 $229,000
REDLAND CITY $455,500 $351,000 $30,000
GOLD COAST CITY (LGA) $480,000 $340,000 $230,000
SUNSHINE COAST (LGA) $456,000 $340,000 $244,000
MAJOR REGIONS
TOOWOOMBA $329,000 $263,000 $155,000
FRASER COAST $291,500 $220,000 $158,500
BUNDABERG $280,000 $243,500 $122,000
GLADSTONE $420,000 N/A $208,000
ROCKHAMPTON $320,000 $279,500 $179,900
MACKAY $410,000 $276,750 $225,000
TOWNSVILLE CITY $357,000 $280,000 $160,750
CAIRNS $355,000 $183,500 $170,000
PRELIMINARY SALES ACTIVITY
LGA HOUSES UNITS LAND
SOUTH EAST QUEENSLAND
BRISBANE (SD) UP DOWN DOWN
BRISBANE CITY UP DOWN DOWN
IPSWICH CITY UP STEADY DOWN
LOGAN CITY STEADY DOWN STEADY
MORETON BAY STEADY DOWN DOWN
REDLAND CITY UP STEADY DOWN
GOLD COAST CITY UP STEADY UP
SUNSHINE COAST UP UP DOWN
MAJOR REGIONS
TOOWOOMBA UP STEADY DOWN
FRASER COAST DOWN DOWN STEADY
BUNDABERG STEADY STEADY DOWN
GLADSTONE UP DOWN DOWN
ROCKHAMPTON STEADY STEADY STEADY
MACKAY UP DOWN DOWN
TOWNSVILLE CITY UP UP DOWN
CAIRNS STEADY DOWN UP
The Real Estate Institute of Queensland
Ltd. Copyright 2014
21 Turbo Drive, Coorparoo, PO Box 1555,
Coorparoo DC Q 4151
Ph: (07) 3249 7347 Fax: (07) 3249 6211 Email:
research@reiq.com.au
Queensland Market Monitor is published by
The Real Estate Institute of Queensland (REIQ).
ABN 49 009 661 287
Disclaimer: The information contained in this publication, while based on information believed
reliable, is not guaranteed. Nor is any of it tendered by way of investment advice; instead, it is
intended only to inform and illustrate. No reader should act on the basis of any matter contained
in this publication without considering and if necessary taking appropriate professional advice with
regards to their own particular circumstances. The publisher and editor give no representations
and make no warranties, express or implied, with respect to the accuracy or completeness of any
of the material (including statistics, advertisements and advertising features) contained in this
publication. The publisher and editor expressly disclaim any and all liability to the reader, whether a
purchaser of this publication or not, in respect of anything and the consequences of anything done
or omitted to be done by any such person in reliance, whether whole or partial, upon the whole or
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has not vetted advertisers and their products/services. The inclusion of advertisements or special
advertising features in this publication does not imply endorsement of the advertiser/s or their
products/services by the publisher. Articles are published in reliance upon the representations and
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reduced to any electronic medium or machine-readable format without the express permission of the
publisher. For permissions or reprints, contact the Corporate Affairs Division on phone 07 3249 7347.
Data report date: 6 February 2014
Published date: 3 March 2014
RENTAL MARKET
The REIQ’s latest residential rental survey, carried out in
December across all REIQ accredited agencies, has found
that the majority of the State recorded higher vacancy
rates compared to the three months before.
Over a third of REIQ member agencies reported an
increase in investor activity, subsequently adding to
the rental pool. In addition to this, the end of the year is
historically a period of lower tenant demand with many
vacating over the Christmas and New Year periods,
usually in a move to another area for either work or
educational reasons.
While local agents report seeing the beginning of easing
asking rents, figures from the Residential Tenancies
Authorities figures for the December quarter, are yet to
show a decline in median weekly rents for South East
Queensland and the Central Coast. While in the mining
regions, where vacancy rates have been trending upwards
for a number of consecutive quarters now, falling median
weekly rents are becoming the norm.
(-) steady (u) up (d) down * change greater than 0.5 pts
(-) steady (u) up (d) down * change greater than 0.5 pts
(-) steady (u) up (d) down * change greater than $20
STATE-WIDE
SUMMARY CONTINUED
4 QUEENSLAND MARKET MONITOR
STATE-WIDE SUMMARY
MEDIAN WEEKLY RENTS
LGA 3 BED H 2 BED F 3 BED T
SOUTH EAST QUEENSLAND
BRISBANE CITY $410 U $395 - $405 -
IPSWICH CITY $300 U $250 U $310 -
LOGAN CITY $340 U $260 - $330 -
MORETON BAY $330 - $275 - $335 U
REDLAND CITY $380 - $330 U $385 U
GOLD COAST CITY $420 U* $355 U $380 U
SUNSHINE COAST $385 - $320 U $370 -
MAJOR REGIONS
TOOWOOMBA $290 U $240 U $330 U*
FRASER COAST $275 - $220 U $310 U
BUNDABERG $280 - $220 U $300 U*
GLADSTONE $395 D* $330 D $480 D*
ROCKHAMPTON $330 D $255 - $420 U*
MACKAY $390 D* $300 D $380 D*
TOWNSVILLE CITY 1 $340 D $280 - $280 D
CAIRNS 1 $340 U $280 U $250 U
VACANCY RATES
LGA 30-DEC-13 TREND
SOUTH EAST QUEENSLAND
BRISBANE CITY 3.2% UP
IPSWICH CITY 2.1% UP
LOGAN CITY 2.0% UP
MORETON BAY 2.0% STEADY
REDLAND CITY 2.4% UP
GOLD COAST CITY 1.9% DOWN
SUNSHINE COAST 1.1% DOWN
MAJOR REGIONS
TOOWOOMBA 1.3% STEADY
FRASER COAST 3.4% UP
BUNDABERG 4.3% UP
GLADSTONE 7.7% UP
ROCKHAMPTON 7.0% UP
MACKAY 7.7% UP
TOWNSVILLE CITY 4.8% UP
CAIRNS 2.0% UP
GROSS RENTAL YIELDS
LGA HOUSES UNITS
SOUTH EAST QUEENSLAND
BRISBANE CITY (LGA) 3.8% - 5.0% -
IPSWICH CITY (LGA) 5.1% - 5.9% U
LOGAN CITY (LGA) 5.1% - 5.6% D
MORETON BAY (LGA) 4.4% D 4.8% -
REDLAND CITY (LGA) 4.3% - 4.9% -
GOLD COAST CITY (LGA) 4.6% - 5.4% -
SUNSHINE COAST (LGA) 4.4% - 4.9% -
MAJOR REGIONS
TOOWOOMBA 4.6% D 4.7% -
FRASER COAST 4.9% - 5.2% U
BUNDABERG 5.2% D 4.7% U*
GLADSTONE 4.9% D* N/A N/A
ROCKHAMPTON 5.4% - 4.7% D*
MACKAY 4.9% - 5.6% D*
TOWNSVILLE CITY 5.0% - 5.2% D
CAIRNS 5.0% - 7.9% U*
REIQ RESEARCH EXPLANATORY NOTES
SALES DATA
All figures for the most recent quarterly and yearly periods
are to be considered preliminary and subject to further
revision as additional sales records become available (see
Research Methodology).
All sales data includes "Recent Sales" as advised by real
estate agents as well as official records as advised by
DNRM.
A median sale price is derived by arranging a set of
sale prices from lowest to highest and then selecting
the middle value within this set (representing the 50th
percentile, where half of recorded sales were less and half
were higher than the median).
Only suburbs and regions to record sufficient sales
numbers are published.
N/A
Due to insufficient sales numbers (as at the time of data
extraction) no median sale price has been calculated
(LGA) Local Government Area
Brisbane
(SD)
Brisbane Statistical Division which comprises the LGA’s
of Brisbane City, Ipswich City, Logan City, Moreton Bay
Regional and Redland City
^
Indicates acreage sales only (with land size greater than
2400m2
). All other data is based upon sales with a land
size of less than 2400 m2
~
Median price changes influenced by varying quality of
stock sold
*
Median price changes influenced by varying quantities
of new properties sold
f
Median price changes influenced by varying quantities
of waterfront properties sold
t
Medians affected by varying quantities of townhouses
sold
G
Sales volumes and median affected by QLD government
sales in the area eg ULDA, NRAS sales.
y Median affected by high yielding property sales
1
Median price changes influenced by the varying
volumes of sales between the Mainland and Bay Islands
areas
PRICE POINT GRAPHS
All data contained within these graphs represent
preliminary sales numbers available as at five weeks
after the end of each quarterly period and are subject to
revision as additional sales records become available.
The data excludes any recent sales transactions where the
contract sale price was not disclosed.
The intention of these graphs is to gauge trends in sales
activity between periods in lieu of actual final sales results
(see Research Methodology).
Source: REIQ, data obtained from RPData (www.rpdata.com.au). Enquiries
about the reproduction of part or all of the information should be directed
to the Corporate Affairs Division, REIQ.
Based on or contains data provided by the State of Queensland (Department of
Natural Resources and Mines) 2013. In consideration of the State permitting use of
this data you acknowledge and agree that the State gives no warranty in relation to
the data (including accuracy, reliability, completeness, currency or suitability) and
accepts no liability (including without limitation, liability in negligence) for any loss,
damage or costs (including consequential damage) relating to any use of the data.
Data must not be used for direct marketing or be used in breach of the privacy laws.
RENTAL DATA
All median weekly rents are published on a postcode
basis, as calculated by the Residential Tenancies
Authority, where sufficient data is available.
Caution should be exercised when interpreting any
median rental price data based upon a relatively small
number of new bond lodgements.
L
Listed localities (or suburbs) represent one of potentially
several that fall within that postcode.
N.A.
Due to insufficient new bond lodgements, no median
rental price has been calculated
Source: Residential Tenancies Authority, Rental Bond lodgements
(www.rta.qld.gov.au)
GROSS RENTAL YIELDS
House yields are based upon REIQ median house prices
and RTA weighted median weekly rent for houses.
Unit yields are based upon REIQ median unit &
townhouse prices and RTA weighted median weekly rent
for units and townhouses.
VACANCY RATES
All figures are based upon all residential rentals as at
the end of each quarterly period, as submitted by REIQ
accredited agents.
A vacancy rate of 3 per cent is generally considered to
indicate equilibrium of supply and demand within a
rental market.
N/A
Due to insufficient information received no vacancy rate
has been calculated
Source: REIQ Residential Rental Survey
5DECEMBER QUARTER 2013
ON THE MARKET INDICATORS
At the time of publication, latest information available was
for the 12 months to the end of November 2013.
"Average Vendor Discount" is the average difference
between the contract price on a property and the first
advertised price. The figure is expressed as a percentage
and is an average of all private treaty sales which sold
for less than their initial asking price during the last
12 months. Auction listings and listings without an
advertised asking price are excluded from the calculation.
"Average Days on Market" is calculated as the average
number of days it has taken to sell those properties sold
by private treaty sale during the 12 month period. The
calculation excludes auction listings and listings where
an asking price is not advertised. The days on market
calculation uses the contract date on the property
compared with the first advertised date.
"Total Listings" is the total unique number of properties
that have been advertised for sale and captured by
RP Data over the 12 month period. To be included
in the count, the listings have to be matched to an
actual address.
Source: RP Data (www.rpdata.com.au)
186
174
201
179
146
786
686
740
880
787
1025
910
1081
1280
1529
106
97
124
150
171
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY HOUSE SALES (p)
<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
902
832
844
1005
908
739
697
694
810
939
281
254
268
279
362
8
12
13
9
14
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE SURROUNDS HOUSE SALES (p)
<$350,000 $350,000+ $500,000+ $1m+
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
74
99
98
113
115
364
353
406
443
517
324
293
302
341
418
48
48
54
60
65
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST HOUSE SALES (p)
<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
131
103
114
113
101
298
269
271
353
394
176
186
189
219
278
24
19
27
26
33
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST HOUSE SALES (p)
<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
DEC
MAR
JUN
SEP
DEC
(p) Prelim
Source: R
DEC
MAR
JUN
SEP
DEC
(p) Prelim
Source: R
DEC
MAR
JUN
SEP
DEC
(p) Prelim
Source: R
DEC
MAR
JUN
SEP
DEC
(p) Prelim
Source: R
38
60
43
50
47
320
275
301
343
294
531
489
545
612
560
222
209
234
279
314
20
28
32
46
39
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY UNIT SALES (p)
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
105
102
137
169
132
134
134
141
171
132
65
43
51
86
79
14
24
29
29
36
4
1
2
2
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE SURROUNDS UNIT SALES (p)
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
133
216
179
236
204
303
329
334
375
380
185
231
252
306
292
116
169
187
191
192
20
45
42
44
57
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST UNIT SALES (p)
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
56
100
78
92
74
150
136
135
152
187
88
112
100
95
132
59
68
49
62
79
11
12
8
10
12
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST UNIT SALES (p)
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
DEC
MAR
JUN
SEP
DEC
(p) Preli
Source:
DEC
MAR
JUN
SEP
DEC
(p) Prelim
Source: R
DE
MA
JU
SE
DE
(p) Pre
Source
DEC
MAR
JUN
SEP
DEC
(p) Pre
Source
287	
  
256	
  
237	
  
329	
  
220	
  
50	
  
42	
  
31	
  
45	
  
49	
  
8	
  
16	
  
12	
  
11	
  
14	
  
5	
  
5	
  
6	
  
4	
  
7	
  
	
  DEC	
  12	
  
	
  MAR	
  13	
  
	
  JUN	
  13	
  
	
  SEP	
  13	
  
	
  DEC	
  13	
  
BRISBANE	
  SURROUNDS	
  LAND	
  SALES	
  (p)	
  
<$250,000	
   $250,000+	
   $350,000+	
   $500,000+	
  
Includes	
  IPSWICH,	
  LOGAN,	
  MORETON	
  BAY	
  &	
  REDLAND	
  
(p)	
  Preliminary.	
  See	
  explanatory	
  notes	
  for	
  further	
  informaKon.	
  
Source:	
  REIQ,	
  data	
  provided	
  by	
  RP	
  Data.	
  
45	
  
31	
  
35	
  
37	
  
16	
  
45	
  
49	
  
26	
  
27	
  
32	
  
29	
  
40	
  
34	
  
37	
  
28	
  
12	
  
8	
  
6	
  
7	
  
10	
  
	
  DEC	
  12	
  
	
  MAR	
  13	
  
	
  JUN	
  13	
  
	
  SEP	
  13	
  
	
  DEC	
  13	
  
BRISBANE	
  CITY	
  LAND	
  SALES	
  (p)	
  
<$250,000	
   $250,000+	
   $350,000+	
   $500,000+	
  
(p)	
  Preliminary.	
  See	
  explanatory	
  notes	
  for	
  further	
  informaKon.	
  
Source:	
  REIQ,	
  data	
  provided	
  by	
  RP	
  Data.	
  
	
  D
	
  M
	
  J
	
  
	
  D
(p)	
  Pre
Sourc
	
  D
	
  M
	
  J
	
  
	
  D
(p)	
  Pre
Source
	
  
	
  M
	
  
	
  
	
  
(p)	
  Pr
Sourc
51	
  
52	
  
41	
  
40	
  
45	
  
16	
  
6	
  
11	
  
15	
  
24	
  
7	
  
8	
  
5	
  
5	
  
3	
  
13	
  
5	
  
7	
  
8	
  
6	
  
	
  DEC	
  12	
  
	
  MAR	
  13	
  
	
  JUN	
  13	
  
	
  SEP	
  13	
  
	
  DEC	
  13	
  
GOLD	
  COAST	
  LAND	
  SALES	
  (p)	
  
<$250,000	
   $250,000+	
   $350,000+	
   $500,000+	
  
(p)	
  Preliminary.	
  See	
  explanatory	
  notes	
  for	
  further	
  informaKon.	
  
Source:	
  REIQ,	
  data	
  provided	
  by	
  RP	
  Data.	
  
40	
   21	
   12	
   4	
  	
  DEC	
  13	
  
SUNSHINE	
  COAST	
  LAND	
  SALES	
  (p)	
  
<$250,000	
   $250,000+	
   $350,000+	
   $500,000+	
  
	
  
BRISBANE
CITY
SALES MARKETS
Over the December quarter, the Brisbane median house
price increased 6 per cent to $562,000 – the third best
performer over the quarter.
Contributing to this healthy increase in its median was a
shift in the composition of sales over the quarter.
Compared to the September quarter, house sales numbers
in the $500,000 to $1 million price point were up about 20
per cent, while sales activity in the $1 million-plus price
point was up about 15 per cent.
Recovery in prestige property sales numbers is
typically an indicator that confidence is returning to the
property market.
The top three suburbs to record the most property
sales in excess of $1 million over the December quarter
included Paddington, New Farm and Indooroopilly, all city
fringe suburbs.
Further evidence of increased activity at the top end was
the higher number of Brisbane suburbs to record an
increase in excess of 15 per cent in its median house price
over the quarter.
Of the 15 suburbs to record an increase, the majority had
a median over $650,000.
Other market indicators signalling continued improving
confidence is the time properties are spending on the
market and the amount which vendors are negotiating.
The most recent figures show that in Brisbane, the
average time it takes to sell a house has reduced to 74
days, down from 87 a year ago with average discounting
from list prices sitting at about 6 per cent compared to 7
per cent over the same period.
In the unit and townhouse market, average days on market
has also improved to 85, down from 96, while average
vendor discounting is just 5 per cent.
The Brisbane unit and townhouse price increased 2 per
cent over the quarter to $408,000 and posted 1.5 per cent
growth over the year. There was a jump in sales in the
prestige unit market with sales between $500,000 and $1
million increasing by 13 per cent over the period.
Demand for these top-end properties are reflected in the
spike in median price in suburbs such as Hamilton and
Kangaroo Point which have been impacted by the sale of
higher priced units, many with river-views.
The Brisbane CBD also recorded one of the highest
increases in sales activity, nudging back up over 100
preliminary sales numbers for the quarter, as well as
posting a steady 2.2 per cent increase in its median.
RENTAL MARKET
In the Brisbane City local government area, the vacancy
rate as at the end of December was 3.2 per cent, up
from 2.3 per cent at the end of September. Local agents
report higher than usual vacancies for this time of year as
tenants are either relocating for work or purchasing their
own property.
Across Brisbane the results are varied. Inner Brisbane,
suburbs within 5km of the CBD, recorded the highest
increase, up 1.7 percentage points to 4.1 per cent.
For Brisbane suburbs beyond 5km, the vacancy rate eased
just 0.6 percentage points to 2.8 per cent.
Over the December quarter, median weekly rents
remained relatively steady for two bedroom units and
three bedroom townhouses, while three bedroom houses
recorded an increase of $10 to $410 per week compared to
the previous quarter.
6 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
7DECEMBER QUARTER 2013
BRISBANE MARKET UPDATES
JAMBOREE HEIGHTS 12 $445,000 12.7% $422,700 9.5% 1.4%
JINDALEE ~ 16 $540,000 27.1% $468,000 3.5% 6.4%
KANGAROO POINT 7 N/A N/A $652,500 5.9% -2.6%
KARANA DOWNS 6 N/A N/A $385,000 0.9% 3.7%
KARANA DOWNS ^ 6 N/A N/A $451,500 -0.8% 0.9%
KEDRON 32 $611,520 8.2% $557,500 10.3% 9.9%
KELVIN GROVE 9 N/A N/A $650,000 0.8% 5.8%
KENMORE 27 $600,000 7.1% $562,000 6.0% 14.1%
KEPERRA 22 $424,000 -0.4% $415,000 2.5% 1.5%
KURABY 20 $589,500 5.7% $548,000 2.9% 3.2%
LOTA 15 $535,500 N/A $515,000 7.3% 4.0%
MACGREGOR ~ 16 $578,000 -1.2% $585,000 15.2% 19.4%
MACKENZIE 5 N/A N/A $630,000 N/A N/A
MANLY ~ 11 $633,000 -8.0% $575,000 -8.0% -14.2%
MANLY WEST 38 $465,000 1.1% $473,000 2.9% -1.5%
MANSFIELD 20 $562,500 10.3% $499,333 5.7% 10.5%
MCDOWALL 17 $530,500 1.0% $555,000 4.7% 12.9%
MIDDLE PARK 10 $505,500 -2.5% $495,500 2.2% 1.1%
MITCHELTON ~ 18 $479,750 -9.4% $500,500 0.1% 8.8%
MOGGILL ~ 12 $500,000 -5.7% $492,500 2.6% 8.1%
MOOROOKA 20 $529,250 9.1% $515,000 7.3% 11.8%
MORNINGSIDE ~ 28 $620,500 15.1% $580,000 1.0% 9.2%
MOUNT GRAVATT 13 $635,000 N/A $510,000 8.5% 7.6%
MOUNT GRAVATT EAST 39 $535,000 3.9% $485,000 5.4% 7.8%
MOUNT OMMANEY 9 N/A N/A $667,500 -5.0% N/A
MURARRIE ~ * 11 $501,500 20.8% $465,000 -8.7% -5.3%
NEW FARM ~ 24 $1,192,500 2.6% $1,167,500 20.1% 19.7%
NEWMARKET ~ 16 $690,000 -9.1% $690,000 6.6% 11.3%
NORMAN PARK ~ 22 $850,000 14.9% $680,000 5.0% 3.2%
NORTHGATE ~ 19 $530,000 N/A $545,000 21.7% 19.8%
NUDGEE ~ 7 N/A N/A $462,500 -11.1% 2.5%
NUNDAH ~ 28 $623,000 13.9% $570,000 -0.5% 10.5%
OXLEY 22 $440,000 -4.3% $450,000 8.4% 4.9%
PADDINGTON ~ 25 $918,750 22.9% $815,000 7.7% 12.0%
PARKINSON 34 $565,000 13.0% $525,000 5.6% 11.7%
PULLENVALE ^ ~ 8 N/A N/A $945,000 -3.1% -14.1%
RED HILL 18 $752,500 13.1% $665,125 1.0% 2.3%
RIVERHILLS ~ 16 $423,000 -7.6% $415,500 -0.8% 5.2%
ROBERTSON 6 N/A N/A $670,000 3.1% 8.1%
ROCKLEA 4 N/A N/A $305,000 4.5% -10.4%
RUNCORN 41 $447,750 0.4% $439,000 2.3% 9.8%
SALISBURY 15 $499,500 10.3% $450,000 4.7% 11.7%
SANDGATE 11 $554,000 10.6% $510,000 -1.9% 9.7%
SEVEN HILLS 8 N/A N/A $626,500 10.8% 16.4%
SEVENTEEN MILE ROCKS ~ 14 $656,500 38.2% $484,500 -8.2% 3.7%
SHERWOOD ~ 10 $605,000 -16.6% $700,000 5.3% 2.0%
SHORNCLIFFE 4 N/A N/A $647,000 12.5% 7.8%
SINNAMON PARK ~ 23 $596,000 13.5% $560,000 -1.8% -2.9%
ST LUCIA ~ 11 $799,000 -27.4% $896,500 -0.7% 2.8%
STAFFORD 23 $516,250 11.0% $475,000 8.9% 3.7%
STAFFORD HEIGHTS 26 $518,000 5.1% $467,500 7.5% 8.5%
STRETTON ~ 10 $774,500 17.3% $655,750 -1.4% 5.1%
SUNNYBANK ~ 24 $587,000 -5.3% $545,000 6.2% 9.0%
SUNNYBANK HILLS ~ 48 $575,500 20.5% $499,000 4.0% 16.0%
TAIGUM 12 $426,000 N/A $429,000 4.0% 4.6%
TARINGA ~ 14 $782,500 15.9% $745,000 3.4% 0.5%
TARRAGINDI 31 $613,750 0.0% $572,000 5.9% 11.4%
THE GAP 51 $560,000 0.0% $560,000 5.7% 9.8%
TINGALPA 20 $450,000 1.7% $440,000 4.3% 8.0%
TOOWONG 13 $700,000 6.4% $700,000 7.7% -1.4%
UPPER KEDRON 4 N/A N/A $537,000 2.3% 6.9%
UPPER MOUNT GRAVATT 26 $500,100 4.2% $481,063 6.9% 13.2%
VIRGINIA 9 N/A N/A $432,500 2.1% 4.2%
WAKERLEY 35 $643,750 1.0% $650,000 6.6% 8.3%
WAVELL HEIGHTS 34 $495,000 -2.0% $516,250 0.7% 10.4%
BRISBANE CITY (LGA) 2869 $562,000 6.0% $535,000 4.9% 10.3%
BRISBANE CITY (LGA) ^ ~ 72 $872,750 -5.6% $865,000 -1.7% -7.0%
ACACIA RIDGE 15 $313,000 -2.2% $306,000 0.3% -6.4%
ALBION 8 N/A N/A $674,500 N/A N/A
ALDERLEY 19 $620,000 3.3% $628,000 -1.6% 10.2%
ALGESTER ~ 22 $396,750 -6.3% $416,000 4.7% 8.5%
ANNERLEY ~ 23 $612,000 14.4% $551,050 4.0% 2.0%
ASCOT ~ 15 $1,400,000 24.4% $985,000 6.2% -19.3%
ASHGROVE 33 $765,000 -0.6% $761,000 12.0% 17.1%
ASPLEY 35 $483,750 -3.6% $480,000 -1.0% 10.1%
AUCHENFLOWER ~ 11 $785,000 N/A $780,000 -6.6% 8.3%
BALD HILLS 18 $380,000 5.3% $362,750 1.5% -2.0%
BALMORAL ~ 13 $830,000 -30.8% $830,000 6.1% 6.9%
BANYO 18 $427,500 1.8% $417,750 7.9% 7.1%
BARDON ~ 30 $700,000 -8.7% $732,000 -3.0% -1.1%
BELLBOWRIE 9 N/A N/A $432,500 6.8% -3.7%
BELMONT 13 $582,500 4.0% $546,500 3.5% 6.1%
BOONDALL 24 $415,000 0.7% $410,000 1.7% 1.9%
BRACKEN RIDGE 59 $422,500 2.9% $410,000 0.6% 5.1%
BRIDGEMAN DOWNS 17 $667,500 1.9% $665,000 6.4% 7.8%
BRIGHTON 28 $415,500 2.3% $405,000 1.3% 1.5%
BULIMBA ~ 21 $1,002,500 26.5% $922,000 6.0% 2.4%
CALAMVALE ~ 38 $539,000 13.5% $518,000 4.0% 7.9%
CAMP HILL ~ 48 $740,000 -2.1% $675,000 13.4% 16.4%
CANNON HILL 20 $635,000 5.7% $575,000 4.5% 17.5%
CARINA 27 $560,500 10.0% $508,500 3.8% 10.5%
CARINA HEIGHTS ~ 11 $522,380 -8.4% $524,000 3.5% 12.2%
CARINDALE 28 $675,000 -0.9% $668,000 4.0% 7.7%
CARSELDINE 17 $500,000 1.6% $510,000 3.0% 2.6%
CHAPEL HILL ~ 30 $710,000 16.4% $630,000 5.3% 4.7%
CHELMER ~ 15 $817,500 N/A $827,500 -6.0% 8.5%
CHERMSIDE 19 $459,500 1.0% $456,500 3.5% 3.8%
CHERMSIDE WEST 18 $470,000 10.9% $438,000 0.7% 1.9%
CLAYFIELD ~ 29 $825,250 -8.3% $810,000 1.2% -6.4%
COOPERS PLAINS ~ 12 $503,750 12.8% $465,000 16.3% 14.8%
COORPAROO 46 $697,500 -0.4% $650,000 7.3% 8.3%
CORINDA ~ 13 $655,000 32.6% $532,500 -3.2% 2.9%
DARRA 5 N/A N/A $315,000 -1.3% -1.6%
DEAGON 9 N/A N/A $370,000 0.7% 1.6%
DOOLANDELLA * 8 N/A N/A $412,500 16.1% 16.5%
DREWVALE ~ 10 $417,500 -9.0% $464,000 0.9% 6.7%
DURACK 12 $374,500 8.7% $326,803 0.6% -3.9%
EAST BRISBANE 12 $658,750 5.4% $640,000 0.0% -0.6%
EIGHT MILE PLAINS 38 $609,000 5.0% $592,500 5.8% 14.5%
ENOGGERA ~ 19 $543,750 N/A $521,000 -6.1% -2.2%
EVERTON PARK ~ 24 $500,000 13.5% $481,300 9.1% 9.1%
FAIRFIELD 10 $562,500 N/A $565,000 8.9% -5.8%
FERNY GROVE 12 $542,500 0.5% $511,500 7.5% 12.7%
FIG TREE POCKET ~ 14 $655,000 N/A $690,000 -8.0% -6.5%
FITZGIBBON 13 $393,750 N/A $387,000 4.2% -6.9%
FOREST LAKE 100 $391,000 1.6% $382,375 2.0% 0.6%
GAYTHORNE 7 N/A N/A $545,000 3.8% -4.4%
GEEBUNG 15 $447,000 4.6% $425,000 3.7% 3.7%
GORDON PARK 14 $648,000 -0.3% $625,000 5.9% 5.0%
GRACEVILLE ~ 18 $605,000 -16.9% $745,000 14.2% 7.6%
GRANGE 17 $705,000 -0.1% $672,000 2.2% 10.7%
GREENSLOPES 18 $612,500 4.4% $587,000 3.2% 9.7%
HAMILTON ~ 8 N/A N/A $951,250 -29.9% -20.7%
HAWTHORNE ~ 21 $755,000 -24.5% $907,500 20.6% 19.9%
HEATHWOOD 7 N/A N/A $571,000 10.9% 7.2%
HEMMANT 12 $355,000 N/A $385,000 -0.1% -1.9%
HENDRA ~ 29 $680,000 -12.8% $735,000 13.1% 12.9%
HIGHGATE HILL ~ 15 $850,000 25.5% $770,000 2.9% -2.5%
HOLLAND PARK 30 $560,000 4.7% $530,000 2.9% 3.3%
HOLLAND PARK WEST ~ 18 $565,250 -7.9% $571,000 5.9% 13.1%
INALA 30 $281,200 1.3% $280,000 2.6% -5.1%
INDOOROOPILLY ~ 33 $835,000 23.2% $702,500 0.4% 8.9%
SALES MARKET - HOUSES (CONT’D)
SUBURB
NUMBER
OF SALES
DEC13
MEDIAN
SALE
DEC13
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
DEC13
1YR
CHANGE
5YR
CHANGE
SALES MARKET - HOUSES
SUBURB
NUMBER
OF SALES
DEC13
MEDIAN
SALE
DEC13
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
DEC13
1YR
CHANGE
5YR
CHANGE
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8 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
WEST END 5 N/A N/A $845,000 12.7% 7.3%
WESTLAKE 17 $620,000 N/A $625,000 9.1% 7.8%
WILSTON ~ 14 $737,500 -17.6% $792,000 -13.0% 6.3%
WINDSOR 27 $660,000 -4.7% $630,000 -3.1% -5.3%
WISHART 22 $529,000 1.5% $530,000 5.3% 9.3%
WOOLLOONGABBA ~ 11 $750,000 41.5% $580,000 -0.9% -2.1%
WOOLOOWIN ~ 23 $795,000 14.4% $735,000 8.9% 11.8%
WYNNUM ~ 44 $464,500 -14.0% $495,000 0.0% -2.9%
WYNNUM WEST ~ 25 $420,000 -5.9% $420,000 0.0% -3.4%
YERONGA 14 $689,250 8.6% $635,000 4.1% 1.6%
ZILLMERE 18 $373,000 -1.8% $370,000 3.6% 1.1%
SALES MARKET - HOUSES (CONT’D)
SUBURB
NUMBER
OF SALES
DEC13
MEDIAN
SALE
DEC13
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
DEC13
1YR
CHANGE
5YR
CHANGE
SALES MARKET - UNITS & TOWNHOUSES (CONT’D)
SUBURB
NUMBER
OF SALES
DEC13
MEDIAN
SALE
DEC13
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
DEC13
1YR
CHANGE
5YR
CHANGE
BRISBANE CITY (LGA) 1353 $408,000 2.0% $406,000 1.5% 5.5%
ALBION 5 N/A N/A $447,500 6.5% 20.9%
ALDERLEY ~ 11 $382,750 -14.8% $420,000 7.7% 16.7%
ANNERLEY 24 $365,000 7.5% $380,000 0.6% 7.0%
ASCOT 10 $384,750 1.9% $378,250 -1.6% -3.6%
ASHGROVE 9 N/A N/A $399,000 6.8% 10.1%
AUCHENFLOWER 17 $467,500 2.7% $473,500 7.6% 7.4%
BALD HILLS 3 N/A N/A $354,000 0.0% N/A
BALMORAL 6 N/A N/A $510,000 1.9% 24.1%
BOWEN HILLS * 23 $452,500 11.2% $403,500 -1.3% -3.9%
BRIGHTON 4 N/A N/A $412,500 N/A N/A
BRISBANE CITY 107 $465,000 2.2% $460,000 0.0% 1.3%
BULIMBA ~ f 19 $612,000 16.6% $562,500 -0.4% 14.9%
CALAMVALE 8 N/A N/A $365,900 -3.2% 4.6%
CAMP HILL ~ 5 N/A N/A $426,000 -5.3% N/A
CARINA 20 $420,000 -4.5% $410,000 4.5% 6.1%
CARINA HEIGHTS 15 $412,000 -3.1% $425,000 -1.8% -0.5%
CARSELDINE ~ t 9 N/A N/A $349,000 -9.4% N/A
CHERMSIDE 24 $375,000 -4.5% $393,750 7.7% -2.9%
CLAYFIELD 32 $387,500 5.3% $369,500 3.4% 4.1%
COOPERS PLAINS 1 N/A N/A $416,660 N/A N/A
COORPAROO 40 $373,000 -0.9% $370,500 1.5% 4.4%
CORINDA 6 N/A N/A $365,000 N/A -3.5%
DURACK 2 N/A N/A $350,000 -0.6% N/A
DUTTON PARK 17 $503,000 N/A $502,000 N/A N/A
EAST BRISBANE 6 N/A N/A $419,000 -2.1% 23.6%
EIGHT MILE PLAINS 14 $385,000 5.4% $370,000 0.0% 1.4%
ELLEN GROVE 5 N/A N/A $346,000 N/A N/A
EVERTON PARK ~ 12 $360,500 -6.4% $385,000 -9.7% 12.0%
FORTITUDE VALLEY 39 $412,500 -1.3% $406,000 -1.0% 9.3%
GAYTHORNE 7 N/A N/A $410,000 8.3% 13.9%
GORDON PARK 5 N/A N/A $352,500 2.2% 1.6%
GREENSLOPES ~ 18 $355,500 8.1% $336,500 1.7% -7.0%
HAMILTON ~ f 32 $525,000 22.8% $517,250 8.7% 15.1%
HAWTHORNE 6 N/A N/A $475,000 6.7% 12.0%
HIGHGATE HILL ~ * 10 $573,000 30.2% $554,500 27.9% 26.7%
HOLLAND PARK WEST 5 N/A N/A $396,250 N/A N/A
INDOOROOPILLY ~ 16 $410,000 -10.7% $425,000 4.9% 3.8%
KANGAROO POINT ~ f 42 $502,500 27.9% $480,000 2.1% 7.9%
KEDRON ~ 11 $367,500 N/A $336,500 -10.7% 2.7%
KELVIN GROVE 19 $500,000 3.1% $506,000 6.1% 17.7%
KURABY 4 N/A N/A $285,000 N/A -1.7%
LUTWYCHE * 6 N/A N/A $439,500 -1.5% 27.0%
MANLY WEST ~ 8 N/A N/A $345,000 -4.6% -13.6%
MCDOWALL 2 N/A N/A $399,000 N/A N/A
MITCHELTON 6 N/A N/A $359,584 N/A N/A
MOOROOKA ~ 17 $365,000 -11.8% $378,000 3.6% 11.2%
MORNINGSIDE ~ 26 $412,500 -6.9% $437,150 0.5% 2.7%
MOUNT GRAVATT EAST 6 N/A N/A $415,000 9.2% 18.9%
NEW FARM 49 $541,000 5.0% $505,000 5.2% 4.7%
NEWMARKET 9 N/A N/A $400,500 -1.1% 2.4%
NEWSTEAD ~ 34 $589,500 4.4% $630,000 12.8% 9.1%
NORMAN PARK 5 N/A N/A $461,500 3.0% N/A
NORTHGATE ~ 6 N/A N/A $330,000 -20.7% -2.4%
NUNDAH ~ * 47 $410,000 17.1% $392,000 7.0% 12.5%
PADDINGTON ~ 12 $421,500 -12.2% $515,000 16.3% 19.8%
RICHLANDS 6 N/A N/A $334,000 -0.6% N/A
ROCHEDALE 8 N/A N/A $395,000 3.3% N/A
RUNCORN 10 $315,000 0.0% $325,500 4.0% 1.6%
SHERWOOD 7 N/A N/A $411,500 -2.8% -1.4%
SOUTH BRISBANE ~ f 23 $485,000 15.8% $444,500 -0.7% 4.7%
SPRING HILL 25 $381,500 0.4% $385,000 5.5% 2.7%
ST LUCIA ~ 43 $449,000 -8.4% $467,900 -1.5% 4.0%
STAFFORD 5 N/A N/A $400,000 2.8% 16.8%
SUNNYBANK HILLS ~ 9 N/A N/A $321,750 -6.7% 2.1%
TAIGUM ~ t 10 $290,000 N/A $297,500 -0.8% -10.0%
TARINGA 27 $388,500 -2.3% $400,000 0.3% 2.6%
TENNYSON 6 N/A N/A $835,000 N/A N/A
TOOWONG ~ 32 $415,000 8.6% $428,500 2.0% 5.8%
UPPER MOUNT GRAVATT 5 N/A N/A $358,000 -2.3% -3.0%
WACOL 1 N/A N/A $342,000 N/A N/A
WAKERLEY 5 N/A N/A $410,000 -2.4% 2.5%
WEST END ~ * 24 $515,000 -2.1% $515,000 -1.2% -10.8%
WINDSOR * 20 $475,000 16.7% $455,000 19.7% 31.9%
WISHART 4 N/A N/A $356,500 4.9% 3.5%
WOOLLOONGABBA ~ * 8 N/A N/A $410,750 -3.0% -7.2%
WOOLOOWIN 3 N/A N/A $352,500 2.2% 14.4%
WYNNUM 3 N/A N/A $365,000 -2.1% 2.7%
WYNNUM WEST * t 15 $375,000 N/A $369,000 29.5% 17.1%
YERONGA ~ 10 $363,500 -13.5% $408,000 -0.5% 6.7%
ZILLMERE ~ 13 $263,500 -25.8% $340,000 -6.8% 5.4%
SALES MARKET - UNITS & TOWNHOUSES
9DECEMBER QUARTER 2013
BRISBANE MARKET UPDATES
4113 EIGHT MILE PLAINS $390 39 $385 43
4115 ALGESTER $380 24 $365 23
4116 CALAMVALE $390 19 $395 22
SOUTH EAST - INNER $460 260 $450 259
4151 COORPAROO $450 27 $445 45
4152 CAMP HILL $450 91 $440 105
4170 CANNON HILL $450 79 $450 66
4171 BALMORAL $550 49 $500 32
4172 MURARRIE $450 14 $375 11
SOUTH EAST - OUTER $420 44 $410 53
4153 BELMONT $445 6 $420 9
4154 GUMDALE $520 8 $530 6
4173 TINGALPA $410 21 $390 29
4174 HEMANT $385 5 $430 6
SOUTH WEST - INNER $440 110 $435 115
4068 CHELMER $490 47 $475 43
4075 CORINDA $400 63 $400 72
SOUTH WEST - OUTER $360 326 $355 346
4069 BROOKFIELD $430 50 $430 48
4070 ANSTEAD $410 6 $395 13
4073 SEVENTEEN MILE ROCKS $395 10 $415 12
4074 JINDALEE $380 60 $380 70
4076 DARRA $330 33 $330 37
4077 DOOLANDELLA $315 70 $300 61
4078 FOREST LAKE $350 97 $350 105
BRISBANE CITY $410 2779 $400 2661
BAYSIDE $405 119 $400 138
4178 WYNNUM $405 70 $390 91
4179 MANLY $410 49 $415 47
CITY INNER $550 224 $550 213
4000 BRISBANE CITY $550 18 $600 18
4005 NEW FARM $770 15 $659 15
4006 BOWEN HILLS $475 9 $480 16
4064 PADDINGTON $580 49 $550 50
4066 TOOWONG $495 39 $485 36
4067 ST LUCIA $525 11 $580 5
4101 WEST END $595 24 $590 33
4102 WOOLOONGABBA $495 21 $499 12
4169 EAST BRISBANE $520 38 $525 27
NORTH - INNER $470 299 $450 287
4007 ASCOT $565 27 $550 19
4010 ALBION $625 5 $500 7
4011 CLAYFIELD $525 39 $465 38
4012 NUNDAH $450 52 $410 51
4030 LUTWYCHE $460 54 $480 51
4031 GORDON PARK $450 37 $420 45
4051 ALDERLEY $460 85 $445 75
NORTH - OUTER $385 400 $380 362
4013 NORTHGATE $395 20 $385 8
4014 VIRGINIA $400 34 $400 34
4017 BRACKEN RIDGE $370 112 $370 110
4018 FITZGIBBON $395 36 $375 32
4032 CHERMSIDE $395 59 $385 48
4034 ASPLEY $380 127 $390 112
4036 BALD HILLS $360 12 $360 18
NORTH WEST - INNER $495 123 $540 96
4059 KELVIN GROVE $500 54 $550 39
4060 ASHGROVE $510 43 $520 29
4065 BARDON $460 26 $570 28
NORTH WEST - OUTER $410 224 $400 229
4053 STAFFORD $400 136 $395 140
4054 ARANA HILLS $400 53 $400 55
4061 THE GAP $450 35 $450 34
SOUTH - INNER $420 356 $400 288
4103 ANNERLEY $440 40 $430 24
4104 YERONGA $450 17 $440 15
4105 MOOROOKA $410 44 $400 40
4120 GREENSLOPES $450 35 $430 19
4121 HOLLAND PARK $425 87 $420 80
4122 MANSFIELD $400 131 $390 109
SOUTH - OUTER $375 294 $370 275
4106 ROCKLEA $350 18 $360 9
4107 SALISBURY $370 22 $370 20
4108 COOPERS PLAINS $365 26 $360 21
4109 MACGREGOR $390 80 $385 83
4110 ACACIA RIDGE $350 53 $350 48
4112 KURABY $350 13 $340 6
BRISBANE CITY (LGA) 86 $334,500 5.4% $298,000 2.8% 7.2%
BRISBANE CITY (LGA) ^ ~ 2 N/A N/A $945,000 24.2% 60.9%
BRIDGEMAN DOWNS 6 N/A N/A $355,000 1.4% 11.1%
CARINDALE 2 N/A N/A $510,000 N/A N/A
CARSELDINE ~ * 1 N/A N/A $352,500 13.7% 33.8%
DOOLANDELLA 7 N/A N/A $242,000 5.4% 3.0%
DURACK 1 N/A N/A $245,000 4.3% N/A
FITZGIBBON ~ * G 8 N/A N/A $147,000 -23.4% N/A
MOGGILL 1 N/A N/A $235,000 -4.1% -2.1%
OXLEY 2 N/A N/A $283,750 N/A N/A
ROCHEDALE ~ * 13 $413,000 5.4% $389,500 14.6% N/A
UPPER KEDRON 5 N/A N/A $295,000 N/A 10.9%
BRISBANE CITY $395 3992 $390 3638
BAYSIDE $330 48 $330 58
4178 WYNNUM $330 36 $335 39
4179 MANLY $320 12 $320 19
CITY INNER $490 1567 $482 1468
4000 BRISBANE CITY $580 251 $580 269
4005 NEW FARM $510 270 $500 243
4006 BOWEN HILLS $490 241 $495 232
4064 PADDINGTON $400 50 $400 44
4066 TOOWONG $400 197 $400 160
4067 ST LUCIA $380 74 $400 88
4101 WEST END $510 238 $500 211
4102 WOOLOONGABBA $470 81 $480 50
4169 EAST BRISBANE $495 163 $480 171
NORTH - INNER $360 840 $350 713
4007 ASCOT $420 146 $375 125
4010 ALBION $380 42 $370 28
4011 CLAYFIELD $350 155 $350 125
4012 NUNDAH $365 180 $350 155
4030 LUTWYCHE $350 135 $330 98
4031 GORDON PARK $330 69 $340 72
4051 ALDERLEY $350 113 $360 110
NORTH - OUTER $350 256 $345 206
4013 NORTHGATE $300 18 $300 18
4017 BRACKEN RIDGE $285 18 $320 12
4018 FITZGIBBON $330 14 $250 10
4032 CHERMSIDE $385 120 $360 115
4034 ASPLEY $350 83 $350 49
NORTH WEST - INNER $400 176 $370 118
4059 KELVIN GROVE $420 111 $390 74
4060 ASHGROVE $390 57 $345 39
4065 BARDON $305 8 $275 5
NORTH WEST - OUTER $385 83 $360 73
4053 STAFFORD $385 83 $360 71
SOUTH - INNER $350 372 $350 358
4103 ANNERLEY $350 85 $330 97
4104 YERONGA $340 30 $350 26
4105 MOOROOKA $330 67 $325 43
4120 GREENSLOPES $350 90 $350 82
4121 HOLLAND PARK $325 43 $350 31
4122 MANSFIELD $385 57 $390 73
RENTAL MARKET - 3 BED HOUSES (CONT’D)
DEC-13 DEC-12
POSTCODE LOCALITIESL
MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
RENTAL MARKET - 3 BED HOUSES
DEC-13 DEC-12
POSTCODE LOCALITIESL
MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
SALES MARKET - VACANT URBAN LAND
SUBURB
NUMBER
OF SALES
DEC13
MEDIAN
SALE
DEC13
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
DEC13
1YR
CHANGE
5YR
CHANGE
RENTAL MARKET - 2 BED UNITS
"Recovery in prestige
property sales numbers is
typically an indicator that
confidence is returning to
the property market."
10 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
BRISBANE CITY $405 1531 $400 1490
BAYSIDE $390 91 $390 88
4178 WYNNUM $390 49 $390 41
4179 MANLY $385 42 $410 47
CITY INNER $600 56 $625 60
4005 NEW FARM $720 8 $730 7
4006 BOWEN HILLS $510 9 $620 9
4064 PADDINGTON $600 8 $650 10
4066 TOOWONG $580 11 $520 9
4067 ST LUCIA $595 7 $630 5
4101 WEST END $600 6 $650 7
NORTH - INNER $495 127 $475 90
4007 ASCOT $520 16 $600 11
4011 CLAYFIELD $580 22 $520 14
4012 NUNDAH $465 18 $430 17
4030 LUTWYCHE $500 5 $440 7
4031 GORDON PARK $445 14 $470 9
4051 ALDERLEY $490 48 $470 31
NORTH - OUTER $380 176 $375 180
4013 NORTHGATE $430 12 $400 10
4017 BRACKEN RIDGE $365 56 $365 41
4018 FITZGIBBON $360 24 $365 26
4032 CHERMSIDE $430 19 $450 32
4034 ASPLEY $390 53 $380 40
4036 BALD HILLS $350 12 $340 31
NORTH WEST - INNER $490 14 $550 7
4059 KELVIN GROVE $480 6 N.A. 2
4060 ASHGROVE $490 7 N.A. 4
NORTH WEST - OUTER $420 62 $415 62
4053 STAFFORD $420 52 $415 41
4054 ARANA HILLS $365 6 $385 18
SOUTH - INNER $430 161 $425 146
4103 ANNERLEY $480 31 $480 35
4104 YERONGA $440 12 $450 9
4105 MOOROOKA $445 17 $420 19
4120 GREENSLOPES $440 17 $520 20
4121 HOLLAND PARK $440 16 $430 12
4122 MANSFIELD $420 68 $410 51
SOUTH - OUTER $390 334 $380 362
4107 SALISBURY $480 5 $480 8
4109 MACGREGOR $400 59 $400 57
4110 ACACIA RIDGE $350 5 $340 8
4112 KURABY $370 13 $370 20
4113 EIGHT MILE PLAINS $400 139 $395 126
4115 ALGESTER $375 38 $360 31
SOUTH - OUTER $308 53 $320 50
4106 ROCKLEA $280 5 N.A. 2
4107 SALISBURY $308 9 $304 5
4108 COOPERS PLAINS $320 5 $390 7
4109 MACGREGOR $325 19 $360 22
4110 ACACIA RIDGE $280 5 N.A. 3
4113 EIGHT MILE PLAINS $430 5 N.A. 4
4115 ALGESTER $285 5 $280 7
SOUTH EAST - INNER $375 368 $365 353
4151 COORPAROO $350 155 $350 149
4152 CAMP HILL $360 40 $350 39
4170 CANNON HILL $390 86 $370 75
4171 BALMORAL $425 85 $400 89
SOUTH EAST - OUTER $300 6 $355 6
4173 TINGALPA $300 5 $360 5
SOUTH WEST - INNER $375 202 $380 216
4068 CHELMER $380 159 $390 174
4075 CORINDA $330 43 $360 42
SOUTH WEST - OUTER $330 21 $300 19
4069 BROOKFIELD $395 5 N.A. 2
4078 FOREST LAKE $325 12 $340 8
RENTAL MARKET - 2 BED UNITS (CONT’D)
DEC-13 DEC-12
POSTCODE LOCALITIESL
MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
RENTAL MARKET - 3 BED TOWNHOUSES (CONT’D)
DEC-13 DEC-12
POSTCODE LOCALITIESL
MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
4116 CALAMVALE $380 73 $370 111
SOUTH EAST - INNER $485 189 $465 191
4151 COORPAROO $490 14 $470 12
4152 CAMP HILL $450 90 $445 96
4170 CANNON HILL $490 52 $465 44
4171 BALMORAL $575 23 $560 27
4172 MURARRIE $520 10 $500 12
SOUTH EAST - OUTER $405 63 $405 61
4153 BELMONT $430 6 N.A. 4
4154 GUMDALE $410 41 $405 38
4173 TINGALPA $380 16 $380 19
SOUTH WEST - INNER $410 71 $430 70
4068 CHELMER $510 14 $550 21
4075 CORINDA $400 57 $400 49
SOUTH WEST - OUTER $355 187 $360 173
4073 SEVENTEEN MILE ROCKS $410 17 $410 27
4074 JINDALEE $400 20 $380 28
4076 DARRA $350 5 N.A. 4
4077 DOOLANDELLA $340 118 $345 93
4078 FOREST LAKE $355 24 $350 14
RENTAL MARKET - 3 BED TOWNHOUSES
GREATER
BRISBANE
11DECEMBER QUARTER 2013
BRISBANE MARKET UPDATES
SALES MARKET
All four of Brisbane’s surrounding council areas posted
median house price over the December quarter while
also recording greater numbers of sales compared to the
previous quarter.
The top major region across Queensland over the period
was Moreton Bay which posted median house price
growth of 7.7 per cent to $387,750. The region is attractive
for first home buyers and investors given its relative
affordability and also has the lion’s share of new housing
developments across the Brisbane area. Its numbers of
preliminary house sales also increased by 8 per cent over
the year.
The Ipswich City council area recorded median house
price growth of 4.4 per cent to $308,000 over the quarter.
Its preliminary numbers of house sales was also up by 4
per cent compared to the historically more voluminous
September quarter.
Redland City posted a median house price increase of
3.5 per cent to $455,500 and 8 per cent more preliminary
house sales over the quarter. Logan City recorded house
growth of 3 per cent to $345,000 with preliminary house
sales up more than 10 per cent over the year.
Of all four major regions, Redland City now has the lowest
days on market at 84 – down from 99 a year before. In
Logan and Moreton Bay, the average discounting is now 6
per cent while in Redland City and Ipswich it is 7 per cent.
When it comes to the unit and townhouse market, it was
a mixed bag for the Greater Brisbane region but this is
probably due to the size of the unit markets in each area.
Logan’s median unit and townhouse price increased
5.7 per cent to $240,000 over the quarter but this was
positively impacted by two new developments – one in
Beenleigh and one in Browns Plains – which were sold
over the period.
Moreton Bay has the largest unit market in Greater
Brisbane and recorded 184 preliminary sales over the
December quarter. Its median and unit price posted
a minimal reduction of 0.3 per cent to $299,000 over
the period.
Redland City’s median unit price grew by 3.4 per cent to
$351,000 over the quarter but this was based on less than
70 preliminary sales.
The smallest unit market is in Ipswich, which posted just
50 preliminary sales and recorded a median unit price
fall of 7.8 per cent to $219,000 over the period due to the
varying quality of stock sold.
RENTAL MARKET
For the surrounding Brisbane local government areas,
rental markets still remain tight despite a slight easing
in vacancy rates. All areas recorded vacancy rates under
2.5 per cent, with Redland City the only area to record
an increase of more than one percentage points in its
vacancy rate.
Across the Greater Brisbane area, around 40 per cent of
REIQ agents surveyed reported an increase in investor
activity; however tenant demand remains strong in most
areas, keeping vacancy rates at low levels. The increased
investor activity was most notable in the Moreton
Bay area.
Median weekly rents across the Greater Brisbane area saw
small increases for two bedroom units and three bedroom
houses, with all regions posting increases of either $5 or
$10 since September. Ipswich City continues to post the
most affordable median weekly rents across all rental
property types.
12 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
SLACKS CREEK 19 $272,500 0.0% $280,000 7.7% -7.3%
SPRINGWOOD ~ 23 $472,500 15.2% $410,000 3.1% 3.2%
TANAH MERAH 16 $406,250 N/A $367,750 -0.3% -1.9%
UNDERWOOD 12 $428,000 -5.7% $457,000 1.4% 16.4%
WATERFORD ~ 12 $350,000 N/A $337,000 -7.7% -9.4%
WATERFORD WEST 13 $280,000 3.7% $277,500 -1.4% -10.5%
WINDAROO * 5 N/A N/A $380,000 -9.2% -2.6%
WOODRIDGE 29 $230,000 -3.2% $235,000 2.2% -11.3%
MORETON BAY (LGA) ~ 1009 $387,750 7.7% $376,500 2.0% 1.8%
MORETON BAY (LGA) ^ 146 $567,500 4.6% $550,000 1.9% -1.8%
ALBANY CREEK ~ 50 $540,500 12.6% $495,000 4.7% 3.9%
ARANA HILLS ~ 17 $480,000 10.3% $442,000 1.9% 1.6%
BANKSIA BEACH ~ f 27 $432,500 -10.2% $454,000 -0.5% -6.9%
BEACHMERE ~ f 9 N/A N/A $281,000 -10.1% -21.9%
BELLARA 11 $299,000 -2.0% $310,000 2.5% -4.4%
BELLMERE 13 $322,500 4.0% $316,000 -2.9% -8.4%
BONGAREE 27 $395,000 7.1% $375,000 6.0% -1.3%
BRAY PARK ~ 22 $370,000 13.1% $345,000 -0.3% -2.8%
BURPENGARY ~ 24 $322,500 -5.1% $330,000 -2.6% -2.9%
BURPENGARY ^ 10 $500,500 N/A $520,000 0.8% 0.0%
BURPENGARY EAST ^ ~ 10 $567,500 32.7% $502,500 1.0% -4.8%
CABOOLTURE 59 $282,500 -2.2% $278,000 -0.9% -7.3%
CABOOLTURE ^ 9 N/A N/A $440,000 1.9% -2.2%
CABOOLTURE SOUTH ~ 15 $287,500 27.8% $256,000 -2.2% -11.7%
CASHMERE ^ 6 N/A N/A $581,058 13.9% 5.2%
CASHMERE ~ 5 N/A N/A $672,550 N/A 1.1%
CLONTARF 29 $365,000 9.0% $350,000 1.7% 0.0%
DAKABIN 5 N/A N/A $408,750 N/A N/A
DAYBORO 3 N/A N/A $376,000 N/A N/A
DECEPTION BAY 55 $295,500 9.9% $281,500 -0.9% -11.2%
EATONS HILL 21 $512,500 7.9% $520,000 6.1% 3.1%
ELIMBAH ^ 5 N/A N/A $515,000 4.0% 8.4%
EVERTON HILLS 15 $463,500 4.7% $458,000 2.9% 4.3%
FERNY HILLS 30 $459,400 8.6% $450,000 2.3% 5.1%
GRIFFIN 5 N/A N/A $412,450 5.4% 3.4%
HIGHVALE ^ 5 N/A N/A $744,000 N/A 6.3%
JOYNER 2 N/A N/A $483,500 2.9% 4.3%
KALLANGUR 67 $321,500 1.9% $322,500 1.6% -4.4%
KIPPA-RING ~ 28 $400,000 15.9% $350,000 0.1% 0.0%
LAWNTON 13 $325,000 4.3% $320,000 -2.1% -1.5%
MANGO HILL ~ 11 $410,000 -4.2% $426,000 0.9% -0.5%
MARGATE 29 $370,000 4.2% $353,500 2.6% 1.3%
MORAYFIELD 33 $310,000 3.3% $295,000 0.0% -9.2%
MORAYFIELD ^ 13 $530,000 8.2% $500,000 3.6% -3.8%
MURRUMBA DOWNS 22 $430,000 -2.3% $423,500 4.6% 3.5%
NARANGBA 53 $430,500 9.1% $419,000 3.5% -0.2%
NEWPORT ~ f 12 $587,000 -31.7% $695,000 -6.7% -13.0%
NINGI ~ 11 $307,000 -12.0% $335,000 13.6% 14.1%
NINGI ^ 9 N/A N/A $475,000 6.7% 0.6%
NORTH LAKES 62 $445,000 7.4% $434,250 1.0% -3.5%
PETRIE ~ 24 $419,000 16.4% $360,350 3.0% -2.6%
REDCLIFFE ~ 38 $445,000 31.3% $352,000 3.5% -0.8%
ROTHWELL 15 $350,800 -0.5% $355,000 2.3% -6.1%
SAMFORD VALLEY ^ 4 N/A N/A $821,000 3.5% 6.8%
SANDSTONE POINT 12 $365,000 -1.6% $372,000 2.6% -3.2%
SCARBOROUGH ~ 32 $467,000 13.2% $427,500 7.1% 6.9%
STRATHPINE 20 $350,000 6.1% $330,000 2.8% -2.9%
UPPER CABOOLTURE 5 N/A N/A $319,900 5.6% -7.1%
UPPER CABOOLTURE ^ 4 N/A N/A $500,000 N/A N/A
WAMURAN ^ 5 N/A N/A $460,000 N/A -16.3%
WARNER 27 $453,000 -1.5% $460,000 3.9% 4.5%
WOODY POINT ~ 14 $447,750 24.2% $390,000 5.1% 9.6%
WOORIM ~ 13 $411,500 10.0% $411,500 N/A 5.5%
BRISBANE (SD) 5368 $465,000 5.2% $445,000 3.5% 7.9%
BRISBANE (SD) ^ 391 $547,500 3.3% $546,000 3.0% -0.7%
IPSWICH CITY (LGA) 457 $308,000 4.4% $300,000 1.5% -3.2%
IPSWICH CITY (LGA) ^ ~ 29 $470,000 18.4% $445,000 2.3% 0.0%
AUGUSTINE HEIGHTS 12 $448,750 N/A $498,500 -1.6% N/A
BELLBIRD PARK * 8 N/A N/A $325,000 10.7% 3.2%
BOOVAL 11 $260,000 -3.7% $260,000 -0.8% -10.3%
BRASSALL ~ 18 $305,000 10.5% $308,000 1.0% -11.4%
BUNDAMBA * 13 $270,000 4.0% $270,000 10.2% -1.8%
CAMIRA 14 $335,000 1.1% $328,500 0.3% -2.8%
CHURCHILL 5 N/A N/A $250,000 N/A -3.8%
COLLINGWOOD PARK ~ 15 $282,000 -1.7% $289,250 -8.2% -11.5%
EAST IPSWICH 6 N/A N/A $240,000 -1.2% -13.5%
EASTERN HEIGHTS 10 $251,000 0.4% $249,500 -1.2% -6.7%
FLINDERS VIEW ~ 20 $385,000 17.9% $330,000 0.3% -2.9%
GOODNA ~ 20 $280,000 27.9% $275,000 5.9% -8.3%
IPSWICH ~ 9 N/A N/A $277,500 -14.6% -15.1%
KARALEE ^ 9 N/A N/A $493,000 3.8% 7.8%
LEICHHARDT ~ 14 $213,750 N/A $199,250 -8.8% -20.1%
NEWTOWN 4 N/A N/A $304,000 N/A -6.6%
NORTH BOOVAL 3 N/A N/A $237,000 3.0% -12.2%
NORTH IPSWICH ~ 14 $245,000 15.0% $225,000 -10.0% -22.6%
ONE MILE 4 N/A N/A $225,500 1.3% -9.8%
RACEVIEW 26 $288,800 0.5% $288,150 -2.2% -7.0%
REDBANK PLAINS 38 $291,250 0.8% $285,000 2.2% -6.3%
ROSEWOOD 4 N/A N/A $249,500 3.1% -0.6%
SADLIERS CROSSING 6 N/A N/A $281,500 N/A -6.2%
SILKSTONE ~ 19 $261,500 -9.5% $260,000 6.1% -5.6%
SPRINGFIELD 24 $385,000 2.5% $377,000 1.9% 0.5%
SPRINGFIELD LAKES 66 $390,000 2.9% $380,000 0.0% -2.4%
WOODEND 6 N/A N/A $285,000 6.9% -7.0%
YAMANTO 11 $336,000 5.2% $325,000 -5.8% -1.5%
LOGAN CITY (LGA) 590 $345,000 3.0% $335,000 0.9% -0.9%
LOGAN CITY (LGA) ^ 130 $505,000 6.3% $490,000 2.3% -3.0%
BEENLEIGH ~ 19 $317,500 21.0% $279,500 -1.1% -14.9%
BETHANIA 9 N/A N/A $285,000 -0.5% -9.5%
BORONIA HEIGHTS 20 $309,000 6.6% $305,000 0.0% 0.5%
BROWNS PLAINS 13 $299,000 -1.2% $307,500 5.7% -2.5%
CEDAR GROVE ^ 10 $435,000 N/A $400,000 5.3% -2.4%
CEDAR VALE ^ 10 $447,500 N/A $441,000 3.8% 5.3%
CHAMBERS FLAT ^ 4 N/A N/A $484,750 N/A N/A
CORNUBIA ~ 18 $410,000 -14.0% $451,250 -5.0% -1.3%
CRESTMEAD ~ 27 $300,000 8.7% $277,000 0.4% -6.9%
DAISY HILL 16 $387,500 4.0% $392,250 2.6% 6.0%
EAGLEBY ~ 19 $245,500 7.0% $245,000 -6.1% -15.2%
EDENS LANDING 15 $338,650 -1.8% $336,250 1.9% -6.6%
FORESTDALE ^ 7 N/A N/A $624,000 -4.0% -4.0%
GREENBANK ^ ~ 22 $487,500 -6.3% $520,000 9.0% -2.4%
HERITAGE PARK ~ 13 $460,000 25.5% $374,000 -1.3% -1.6%
HILLCREST 20 $315,000 -2.2% $315,000 -4.7% -3.7%
JIMBOOMBA 7 N/A N/A $368,000 3.1% 2.8%
JIMBOOMBA ^ 16 $475,000 N/A $442,700 -1.4% -0.5%
KINGSTON 23 $260,000 1.2% $248,125 5.8% -11.1%
LOGAN CENTRAL 21 $258,500 3.4% $245,000 2.5% -14.0%
LOGAN VILLAGE ^ 6 N/A N/A $474,000 -1.3% -0.7%
LOGANHOLME 18 $330,000 -5.2% $360,000 8.3% 4.3%
LOGANLEA 5 N/A N/A $290,000 2.1% -6.1%
MARSDEN 31 $315,000 -4.7% $310,000 5.0% -1.6%
MEADOWBROOK 5 N/A N/A $346,650 -3.7% -7.6%
MOUNT WARREN PARK ~ 21 $315,000 -7.5% $321,750 -5.3% -9.0%
MUNRUBEN ^ 2 N/A N/A $492,500 5.1% -7.1%
NEW BEITH ^ 6 N/A N/A $520,000 2.6% 5.2%
REGENTS PARK 37 $356,500 -2.3% $355,000 4.4% -0.8%
ROCHEDALE SOUTH ~ 57 $420,000 7.0% $410,200 5.3% 6.5%
SHAILER PARK 31 $477,500 4.9% $453,750 3.1% 1.3%
SALES MARKET - HOUSES
SUBURB
NUMBER
OF SALES
DEC13
MEDIAN
SALE
DEC13
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
DEC13
1YR
CHANGE
5YR
CHANGE
SALES MARKET - HOUSES (CONT’D)
SUBURB
NUMBER
OF SALES
DEC13
MEDIAN
SALE
DEC13
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
DEC13
1YR
CHANGE
5YR
CHANGE
186
174
201
179
146
786
686
740
880
787
1025
910
1081
1280
1529
106
97
124
150
171
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY HOUSE SALES (p)
<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
902
832
844
1005
908
739
697
694
810
939
281
254
268
279
362
8
12
13
9
14
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE SURROUNDS HOUSE SALES (p)
<$350,000 $350,000+ $500,000+ $1m+
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
74
99
98
113
115
364
353
406
443
517
324
293
302
341
418
48
48
54
60
65
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST HOUSE SALES (p)
<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
131
103
114
113
101
298
269
271
353
394
176
186
189
219
278
24
19
27
26
33
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST HOUSE SALES (p)
<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
DEC
MAR
JUN
SEP
DEC
(p) Prelim
Source: R
DEC
MAR
JUN
SEP
DEC
(p) Prelim
Source: R
DEC
MAR
JUN
SEP
DEC
(p) Prelim
Source: R
DEC
MAR
JUN
SEP
DEC
(p) Prelim
Source: R
38
60
43
50
47
320
275
301
343
294
531
489
545
612
560
222
209
234
279
314
20
28
32
46
39
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY UNIT SALES (p)
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
105
102
137
169
132
134
134
141
171
132
65
43
51
86
79
14
24
29
29
36
4
1
2
2
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE SURROUNDS UNIT SALES (p)
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
133
216
179
236
204
303
329
334
375
380
185
231
252
306
292
116
169
187
191
192
20
45
42
44
57
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST UNIT SALES (p)
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
SUNSHINE COAST UNIT SALES (p)
DEC
MAR
JUN
SEP
DEC
(p) Preli
Source:
DEC
MAR
JUN
SEP
DEC
(p) Prelim
Source: R
DEC
MAR
JUN
SEP
DEC
(p) Pre
Source
287	
  
256	
  
237	
  
329	
  
220	
  
50	
  
42	
  
31	
  
45	
  
49	
  
8	
  
16	
  
12	
  
11	
  
14	
  
5	
  
5	
  
6	
  
4	
  
7	
  
	
  DEC	
  12	
  
	
  MAR	
  13	
  
	
  JUN	
  13	
  
	
  SEP	
  13	
  
	
  DEC	
  13	
  
BRISBANE	
  SURROUNDS	
  LAND	
  SALES	
  (p)	
  
<$250,000	
   $250,000+	
   $350,000+	
   $500,000+	
  
Includes	
  IPSWICH,	
  LOGAN,	
  MORETON	
  BAY	
  &	
  REDLAND	
  
(p)	
  Preliminary.	
  See	
  explanatory	
  notes	
  for	
  further	
  informaKon.	
  
Source:	
  REIQ,	
  data	
  provided	
  by	
  RP	
  Data.	
  
45	
  
31	
  
35	
  
37	
  
16	
  
45	
  
49	
  
26	
  
27	
  
32	
  
29	
  
40	
  
34	
  
37	
  
28	
  
12	
  
8	
  
6	
  
7	
  
10	
  
	
  DEC	
  12	
  
	
  MAR	
  13	
  
	
  JUN	
  13	
  
	
  SEP	
  13	
  
	
  DEC	
  13	
  
BRISBANE	
  CITY	
  LAND	
  SALES	
  (p)	
  
<$250,000	
   $250,000+	
   $350,000+	
   $500,000+	
  
(p)	
  Preliminary.	
  See	
  explanatory	
  notes	
  for	
  further	
  informaKon.	
  
Source:	
  REIQ,	
  data	
  provided	
  by	
  RP	
  Data.	
  
	
  M
(p)	
  P
Sourc
	
  
	
  M
	
  
	
  
(p)	
  Pr
Sourc
GOLD	
  COAST	
  LAND	
  SALES	
  (p)	
  
<$250,000	
   $250,000+	
   $350,000+	
   $500,000+	
  
13DECEMBER QUARTER 2013
BRISBANE MARKET UPDATES
REDCLIFFE ~ f 24 $312,500 2.0% $330,000 -20.2% -3.5%
SCARBOROUGH 15 $387,000 -3.3% $370,000 1.4% -4.6%
WOODY POINT 10 $310,000 N/A $330,000 -2.9% 5.6%
REDLAND CITY (LGA) 69 $351,000 3.4% $339,000 2.7% 1.2%
BIRKDALE 5 N/A N/A $352,500 N/A 11.9%
CAPALABA 12 $270,000 1.9% $270,000 -4.3% -12.9%
CLEVELAND ~ f 24 $420,000 8.6% $361,250 1.1% 1.8%
ORMISTON 8 N/A N/A $352,000 -8.0% 3.5%
THORNESIDE ~ 5 N/A N/A $270,000 1.5% -12.9%
BRISBANE (SD) 376 $215,000 9.7% $205,000 -2.4% 2.5%
BRISBANE (SD) ^ 46 $279,500 6.5% $261,000 -1.5% 4.4%
IPSWICH CITY (LGA) 52 $172,450 3.0% $171,900 -1.8% 1.7%
IPSWICH CITY (LGA) ^ 7 N/A N/A $235,250 0.1% -2.9%
AUGUSTINE HEIGHTS ~ * 13 $197,000 1.3% $203,000 1.4% -15.8%
BELLBIRD PARK 2 N/A N/A $185,000 -9.8% 4.5%
BRASSALL 3 N/A N/A $170,000 -2.9% -3.8%
BROOKWATER * 4 N/A N/A $312,500 N/A N/A
BUNDAMBA 5 N/A N/A $151,000 -2.6% -4.6%
DEEBING HEIGHTS 1 N/A N/A $150,000 -4.9% N/A
GOODNA 1 N/A N/A $182,500 -1.4% 11.3%
BRISBANE (SD) 1776 $385,000 3.5% $380,000 1.3% 7.0%
IPSWICH CITY (LGA) ~ 50 $219,000 -7.8% $250,000 -8.4% -6.4%
BRASSALL 9 N/A N/A $251,000 N/A -6.7%
LOGAN CITY (LGA) ~ * 120 $240,000 5.7% $258,250 -12.6% 3.3%
BEENLEIGH ~ * 5 N/A N/A $169,000 -26.2% -31.5%
BROWNS PLAINS * t 7 N/A N/A $339,900 0.0% 18.2%
EAGLEBY 8 N/A N/A $300,000 -3.1% 9.5%
LOGAN CENTRAL 3 N/A N/A $165,000 N/A N/A
LOGANLEA 6 N/A N/A $296,607 -6.8% N/A
MARSDEN 4 N/A N/A $331,000 0.6% N/A
ROCHEDALE SOUTH 9 N/A N/A $263,939 -4.0% -3.3%
SHAILER PARK 8 N/A N/A $278,500 -0.5% 3.1%
SLACKS CREEK ~ 10 $207,000 8.9% $185,000 0.0% -19.2%
SPRINGWOOD 6 N/A N/A $249,000 0.1% -5.0%
UNDERWOOD 4 N/A N/A $394,375 4.7% 7.5%
WOODRIDGE ~ 20 $177,500 7.6% $173,500 -0.9% -17.4%
MORETON BAY (LGA) 184 $299,000 -0.3% $310,000 -6.3% 1.0%
ARANA HILLS 10 $367,500 N/A $380,500 N/A N/A
BONGAREE ~ 18 $257,500 -14.2% $275,000 -7.7% -9.8%
BRENDALE ~ 12 $253,000 -20.7% $255,000 -22.5% -12.1%
CABOOLTURE ~ t 5 N/A N/A $210,000 -22.8% -15.1%
CLONTARF * f 10 $406,000 N/A $406,000 -14.7% 24.9%
DECEPTION BAY ~ 9 N/A N/A $215,000 -4.4% -18.5%
KALLANGUR 5 N/A N/A $294,000 -9.5% -3.3%
KIPPA-RING 7 N/A N/A $248,500 -6.2% -17.9%
LAWNTON * t 3 N/A N/A $207,000 -38.4% -19.5%
MANGO HILL 5 N/A N/A $335,000 -5.6% N/A
MARGATE 4 N/A N/A $310,000 1.6% -13.9%
MORAYFIELD 2 N/A N/A $287,500 -0.3% N/A
MURRUMBA DOWNS 2 N/A N/A $349,900 0.0% 1.4%
NARANGBA 2 N/A N/A $335,000 N/A N/A
NORTH LAKES 4 N/A N/A $375,000 3.1% -5.2%
REDLAND CITY (LGA) 443 $455,500 3.5% $450,000 1.1% 2.5%
REDLAND CITY (LGA) ^ 14 N/A N/A $770,000 3.7% -5.5%
ALEXANDRA HILLS 44 $405,000 4.7% $395,000 4.2% 2.6%
BIRKDALE 44 $470,000 0.8% $464,000 3.1% -1.1%
CAPALABA 42 $410,000 3.8% $403,500 4.8% 0.9%
CAPALABA ^ 3 N/A N/A $815,000 5.8% N/A
CLEVELAND ~ 39 $520,000 17.5% $510,000 0.3% -1.5%
MACLEAY ISLAND 9 N/A N/A $220,000 -0.7% -15.1%
MOUNT COTTON 24 $455,000 -1.5% $455,500 -1.0% 4.6%
ORMISTON ~ f 29 $547,750 23.1% $559,000 2.6% -1.1%
REDLAND BAY 60 $485,000 2.6% $475,000 1.7% -2.1%
RUSSELL ISLAND 13 $188,000 N/A $190,000 5.4% -21.5%
THORNESIDE 5 N/A N/A $374,500 3.7% -2.7%
THORNLANDS ~ 44 $505,000 -5.8% $510,000 1.7% 0.0%
VICTORIA POINT 48 $460,000 2.2% $456,000 3.6% 2.5%
WELLINGTON POINT 32 $517,500 1.5% $517,500 1.3% 5.3%
SURROUNDS
LOCKYER VALLEY (LGA) ~ 31 $215,000 8.9% $227,000 -7.3% -11.0%
LOCKYER VALLEY (LGA) ^ ~ 46 $342,000 10.3% $320,000 -3.0% 0.1%
GATTON 13 $242,750 N/A $247,000 -0.7% -10.2%
KENSINGTON GROVE ^ 4 N/A N/A $312,000 N/A -2.5%
LAIDLEY ~ 13 $200,000 N/A $215,000 -16.2% -9.7%
PLAINLAND ^ 5 N/A N/A $291,750 N/A -10.2%
REGENCY DOWNS ^ ~ 6 N/A N/A $288,000 -7.1% -7.1%
WITHCOTT ^ 6 N/A N/A $362,500 N/A N/A
SOMERSET (LGA) ~ * 25 $280,000 21.2% $260,000 6.1% 12.5%
SOMERSET (LGA) ^ ~ 39 $389,000 18.8% $340,000 0.0% 0.0%
ESK ~ 4 N/A N/A $196,500 N/A -16.4%
LOWOOD ~ * 5 N/A N/A $320,000 18.5% 52.4%
SALES MARKET - HOUSES (CONT’D)
SUBURB
NUMBER
OF SALES
DEC13
MEDIAN
SALE
DEC13
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
DEC13
1YR
CHANGE
5YR
CHANGE
SALES MARKET - UNITS & TOWNHOUSES (CONT’D)
SUBURB
NUMBER
OF SALES
DEC13
MEDIAN
SALE
DEC13
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
DEC13
1YR
CHANGE
5YR
CHANGE
SALES MARKET - UNITS & TOWNHOUSES
SALES MARKET - VACANT LAND
14 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
LOGAN CITY $340 894 $330 826
4114 KINGSTON $310 152 $310 119
4118 BROWNS PLAINS $340 101 $330 95
4119 UNDERWOOD $360 8 $380 12
4123 PRIESTS GULLY $380 60 $375 47
4124 BORONIA HEIGHTS $340 41 $330 51
4125 MUNRUBEN $360 8 $400 6
4127 CHATSWOOD HILLS $350 82 $360 77
4128 KIMBERLEY PARK $385 41 $390 27
4129 LOGANDALE $350 26 $345 32
4130 CARBROOK $375 16 $370 13
4131 LOGANLEA $340 29 $330 32
4132 CRESTMEAD $330 84 $320 84
4133 CHAMBERS FLAT $350 39 $340 41
4205 BETHANIA $330 17 $320 21
4207 ALBERTON $330 171 $320 154
4280 JIMBOOMBA $360 18 $380 15
MORETON BAY REGIONAL $330 1056 $325 1029
4019 CLONTARF $350 105 $350 92
4020 NEWPORT $345 92 $325 76
4021 KIPPA-RING $340 28 $330 32
4022 ROTHWELL $350 6 $315 8
4035 ALBANY CREEK $390 22 $390 16
4037 EATONS HILL $430 5 $420 7
4055 BUNYA $420 31 $410 27
4500 BRAY PARK $350 79 $350 82
4501 LAWNTON $340 25 $320 17
4502 FRENCHS FOREST $330 15 $340 17
4503 DAKABIN $330 80 $340 92
4504 NARANGBA $330 19 $320 23
4505 BURPENGARY $312 36 $340 22
4506 MOORINA $285 45 $285 69
4507 BANKSIA BEACH $320 49 $320 50
4508 DECEPTION BAY $300 90 $290 79
4509 MANGO HILL $380 67 $370 67
4510 BALINGOOL $285 171 $280 178
4511 GODWIN BEACH $310 37 $300 23
4512 BRACALBA $365 9 N.A. 4
4514 BELLTHORPE $325 21 $300 19
4520 ARMSTRONG CREEK $380 11 $500 13
4521 CAMPBELLS POCKET $375 11 $370 11
REDLAND CITY $380 332 $375 306
4157 CAPALABA $380 32 $380 40
4158 THORNESIDE $370 9 $370 7
4159 AQUATIC PARADISE $400 23 $380 20
4160 EROBIN $410 29 $390 36
4161 ALEXANDRA HILLS $395 41 $375 41
4163 CLEVELAND $390 31 $395 29
4164 PINKLANDS $420 23 $410 13
4165 MOUNT COTTON $390 64 $385 53
4184 COOCHIEMUDLO ISLAND $230 76 $220 60
LOCKYER VALLEY REGIONAL $270 110 $275 105
4341 BLENHEIM $260 44 $260 48
4342 CROWLEY VALE $270 18 $285 10
4343 ADARE $285 36 $285 39
4344 CARPENDALE $270 10 $260 7
SOMERSET REGIONAL $270 57 $275 58
4311 ATKINSONS DAM $280 23 $270 23
4312 BRYDEN $235 7 $200 6
4313 BIARRA $230 10 $210 9
4515 GLENFERN $320 17 $300 20
IPSWICH CITY $300 820 $290 752
4300 AUGUSTINE HEIGHTS $340 221 $330 144
4301 COLLINGWOOD PARK $310 116 $300 111
4303 DINMORE $285 16 $260 16
4304 BLACKSTONE $280 97 $280 96
4305 BASIN POCKET $280 290 $280 306
4306 AMBERLEY $300 53 $300 45
4340 ASHWELL $295 25 $280 32
KARALEE ^ 5 N/A N/A $248,000 -2.0% -3.5%
RACEVIEW 1 N/A N/A $165,000 2.2% -2.1%
REDBANK PLAINS ~ 12 $130,000 -3.0% $142,000 -13.9% -14.4%
SPRINGFIELD LAKES 9 N/A N/A $175,000 -3.3% 6.7%
LOGAN CITY (LGA) ~ * 37 $158,900 -20.6% $180,000 -7.7% -5.3%
LOGAN CITY (LGA) ^ 16 $237,500 N/A $245,000 -2.8% 5.7%
HOLMVIEW 1 N/A N/A $185,200 0.5% -9.7%
JIMBOOMBA 1 N/A N/A $176,000 4.5% 4.8%
JIMBOOMBA ^ 2 N/A N/A $207,500 N/A 11.0%
LOGAN RESERVE 4 N/A N/A $146,625 -6.6% N/A
MARSDEN 3 N/A N/A $180,500 -7.4% -3.5%
NEW BEITH ^ 1 N/A N/A $260,000 N/A 9.2%
REGENTS PARK 2 N/A N/A $215,250 N/A -8.8%
UNDERWOOD ~ * 2 N/A N/A $360,000 26.3% 10.8%
YARRABILBA * 16 $128,000 N/A $147,500 -8.7% N/A
MORETON BAY (LGA) ~ * 107 $229,000 13.6% $205,000 -0.5% -1.0%
MORETON BAY (LGA) ^ 19 $311,000 14.8% $277,500 1.8% -3.5%
BANKSIA BEACH 8 N/A N/A $450,000 N/A 45.2%
BRAY PARK 5 N/A N/A $204,500 N/A -7.0%
CABOOLTURE * 14 $203,250 12.9% $180,000 -3.7% -7.5%
DAKABIN 2 N/A N/A $195,000 -4.8% N/A
GRIFFIN 9 N/A N/A $200,000 -3.6% -4.8%
LAWNTON ~ * 1 N/A N/A $191,250 -16.8% N/A
MANGO HILL * 25 $230,000 N/A $225,000 8.2% 3.7%
MORAYFIELD 3 N/A N/A $185,500 -1.9% 0.3%
MURRUMBA DOWNS ~ * 3 N/A N/A $248,500 -23.5% 8.0%
NARANGBA 4 N/A N/A $197,800 0.4% -3.4%
NORTH LAKES ~ *
WARNER 6 N/A N/A $222,000 -4.5% 2.8%
WOODFORD ^ 3 N/A N/A $206,000 N/A N/A
REDLAND CITY (LGA) ~ 1 94 $30,000 25.0% $130,000 -44.7% 62.5%
REDLAND CITY - BAY ISLANDS
MACLEAY ISLAND ~ f 12 $23,750 -20.8% $25,000 -32.8% -66.0%
RUSSELL ISLAND ~ f 43 $21,000 0.0% $20,350 -18.6% -65.5%
REDLAND CITY - MAINLAND
MOUNT COTTON ~ * 5 N/A N/A $250,000 -3.5% -16.7%
REDLAND BAY 3 N/A N/A $263,250 1.3% -6.0%
THORNLANDS ~ * f 10 $283,500 N/A $273,500 0.4% -26.1%
VICTORIA POINT 2 N/A N/A $266,000 N/A -7.3%
WELLINGTON POINT 7 N/A N/A $330,000 N/A -8.3%
SURROUNDS
LOCKYER VALLEY (LGA) ~ 15 $99,000 N/A $99,000 -26.7% -13.2%
LOCKYER VALLEY (LGA) ^ 16 $99,500 -9.5% $115,000 -9.1% -11.5%
HATTON VALE ^ 1 N/A N/A $137,950 -2.0% N/A
LAIDLEY NORTH 14 $99,000 N/A $100,000 N/A N/A
SOMERSET (LGA) 7 N/A N/A $135,000 3.1% 4.7%
FERNVALE 3 N/A N/A $135,000 -9.4% 3.9%
GOLD COAST CITY
SALES MARKET - VACANT LAND (CONT’D)
SUBURB
NUMBER
OF SALES
DEC13
MEDIAN
SALE
DEC13
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
DEC13
1YR
CHANGE
5YR
CHANGE
RENTAL MARKET - 3 BED HOUSES
DEC-13 DEC-12
POSTCODE LOCALITIESL
MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
RENTAL MARKET - 3 BED HOUSES (CONT’D)
DEC-13 DEC-12
POSTCODE LOCALITIESL
MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
Of all four major regions, Redland City now has the lowest days on market
at 84 – down from 99 a year before. In Logan and Moreton Bay, the average
discounting is now 6 per cent while in Redland City and Ipswich it is 7 per
cent
15DECEMBER QUARTER 2013
BRISBANE MARKET UPDATES
IPSWICH CITY $310 121 $305 105
4300 AUGUSTINE HEIGHTS $320 54 $350 24
4301 COLLINGWOOD PARK $300 19 $280 26
4304 BLACKSTONE $305 15 $305 18
4305 BASIN POCKET $305 31 $300 35
LOGAN CITY $330 425 $325 347
4114 KINGSTON $320 56 $310 30
4118 BROWNS PLAINS $350 58 $345 60
4119 UNDERWOOD $335 32 $320 41
4123 PRIESTS GULLY $335 10 $310 8
4127 CHATSWOOD HILLS $330 36 $325 36
4128 KIMBERLEY PARK $345 13 $340 10
4131 LOGANLEA $350 22 $350 18
4132 CRESTMEAD $340 53 $340 24
4133 CHAMBERS FLAT $310 19 $310 13
4207 ALBERTON $320 117 $320 99
MORETON BAY REGIONAL $335 530 $325 511
4019 CLONTARF $350 11 $320 16
4020 NEWPORT $380 11 $340 19
4021 KIPPA-RING $335 42 $330 53
4035 ALBANY CREEK $380 17 $375 6
4500 BRAY PARK $335 54 $330 59
4501 LAWNTON $340 11 $340 15
4502 FRENCHS FOREST $320 16 $320 13
4503 DAKABIN $340 132 $335 126
4504 NARANGBA $340 11 $330 5
4505 BURPENGARY $310 32 $305 23
4506 MOORINA $300 29 $295 35
4507 BANKSIA BEACH $315 11 $315 9
4508 DECEPTION BAY $310 40 $310 35
4509 MANGO HILL $350 77 $340 44
4510 BALINGOOL $295 27 $280 42
REDLAND CITY $385 83 $375 85
4157 CAPALABA $350 6 $360 9
4158 THORNESIDE $380 10 $360 12
4160 EROBIN $395 13 $375 12
4163 CLEVELAND $385 34 $410 28
4165 MOUNT COTTON $390 14 $380 20
IPSWICH CITY $250 129 $240 113
4300 AUGUSTINE HEIGHTS $260 31 $235 15
4301 COLLINGWOOD PARK $250 23 $255 23
4304 BLACKSTONE $245 21 $240 27
4305 BASIN POCKET $250 53 $230 47
LOGAN CITY $260 191 $255 204
4114 KINGSTON $265 73 $250 65
4127 CHATSWOOD HILLS $295 16 $320 20
4128 KIMBERLEY PARK $285 6 $280 6
4133 CHAMBERS FLAT $239 12 $250 12
4207 ALBERTON $250 67 $240 74
4280 JIMBOOMBA $245 5 N.A. 2
MORETON BAY REGIONAL $275 442 $270 473
4019 CLONTARF $275 77 $270 73
4020 NEWPORT $295 78 $295 113
4021 KIPPA-RING $265 8 $265 9
4500 BRAY PARK $290 34 $280 28
4501 LAWNTON $270 19 $250 10
4503 DAKABIN $280 37 $280 27
4506 MOORINA $265 12 $245 10
4507 BANKSIA BEACH $270 50 $250 73
4508 DECEPTION BAY $270 15 $281 21
4509 MANGO HILL $310 21 $315 12
4510 BALINGOOL $250 79 $240 77
REDLAND CITY $330 88 $320 76
4157 CAPALABA $330 17 $310 18
4160 EROBIN $345 7 N.A. 4
4161 ALEXANDRA HILLS $160 5 N.A. 4
4163 CLEVELAND $400 36 $365 32
4165 MOUNT COTTON $143 6 $280 7
4183 AMITY $275 8 N.A. 3
LOCKYER VALLEY REGIONAL $220 24 $210 17
4343 ADARE $220 20 $220 13
RENTAL MARKET - 2 BED UNITS
DEC-13 DEC-12
POSTCODE LOCALITIESL
MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
RENTAL MARKET - 3 BED TOWNHOUSES
DEC-13 DEC-12
POSTCODE LOCALITIESL
MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
16 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
A solid performer in terms of price growth and sales
activity was Robina which recorded a median house price
increase of 10.1 per cent to $545,000 over the quarter.
It also posted an increase in sales over the quarter and
the year.
Another strong performer was Palm Beach which
recorded median price growth of 12.5 per cent to $540,000
over the quarter as well 10 per cent over the year.
The median unit and townhouse price on the Gold Coast
increased 1.5 per cent to $340,000 over the quarter
and was steady over the year. While the Gold Coast’s
preliminary number of unit sales reduced over the quarter,
over the year volumes increased by 21 per cent.
Local agents say the unit market has not bounced back
to the same degree as the house market as yet but it is
expected to follow its lead in the months ahead.
A solid performer over the quarter was Currumbin Waters
which posted median unit price growth of 10.1 per cent
to $315,000. Over the year ending December, its median
price increased by 7.3 per cent.
RENTAL MARKET
In our tourism centres, residential vacancy rates remain
at healthy levels. The Gold Coasts recorded a tighter
vacancy rate, down 0.4 percentage points to 1.9 per cent
since September.
Median weekly rents on the Gold Coast have been steadily
increasing since the start of 2013, with three bedroom
houses up $20 to $420 per week between December 2012
and December last year – the highest increase in over four
years where median rents have hovered around the $400
mark.
The median rent of a two-bedroom unit on the Gold Coast
increased $15 per week to $355 over the same period.
SALES MARKET
The median house price on the Gold Coast increased
1.7 per cent to $480,000. The preliminary numbers of
house sales increased 10 per cent compared to the
September quarter.
According to local REIQ accredited agencies, sales activity
is strengthening however stock is becoming an issue.
Well-priced properties are selling close to list price –
especially in the under $500,000 price bracket.
There is currently a lot of pent-up demand which is being
released due to the improving conditions, low interest
rates, and media commentary on the strengthening Gold
Coast market.
According to local agents, there are instances of more
demand than supply which is helping price growth, while
good stock is becoming increasingly difficult to source.
First home buyers are more active in the market after a
prolonged period on the sidelines.
First-time buyers have worked out that it can be more
affordable to buy than rent in some areas and they are
making their move into the market.
Local agents say the outlook for this year is extremely
positive with the potential for continued moderate price
growth as well as improvements in the region’s tourism
and construction sectors.
Sellers’ expectations are beginning to trend up with many
now expecting to sell their properties at or above list price.
Investors are more active in the market given the strength
of the region’s rental market which is providing some
good returns.
GOLD COAST
17
REGIONAL MARKET UPDATES
DECEMBER QUARTER 2013
GOLD COAST CITY (LGA) 78 $230,000 -1.3% $229,950 0.7% -8.0%
GOLD COAST CITY (LGA) ^ ~ 15 $353,500 N/A $350,000 -10.3% -25.5%
CARRARA 2 N/A N/A $221,500 N/A N/A
COOMERA 3 N/A N/A $225,500 -4.0% -2.8%
ORMEAU 11 $215,000 N/A $220,000 -2.2% -12.0%
ORMEAU HILLS 2 N/A N/A $206,055 -4.1% N/A
PARADISE POINT ~ f 2 N/A N/A $875,000 N/A -30.0%
PIMPAMA 13 $224,000 1.8% $220,000 -5.9% N/A
REEDY CREEK 10 $325,025 N/A $286,912 -2.5% -13.6%
UPPER COOMERA 8 N/A N/A $225,000 2.3% -8.2%
WILLOW VALE 7 N/A N/A $195,000 N/A N/A
SURROUNDS
SCENIC RIM (LGA) 3 N/A N/A $179,500 0.0% 0.3%
SCENIC RIM (LGA) ^ ~ 9 N/A N/A $200,000 0.5% 35.1%
GLENEAGLE 1 N/A N/A $179,500 0.0% N/A
GOLD COAST CITY (LGA) 1220 $340,000 1.5% $345,000 0.0% -8.0%
ARUNDEL 4 N/A N/A $300,000 0.0% -4.0%
ASHMORE ~ 9 N/A N/A $250,000 -6.5% -20.5%
BENOWA ~ 15 $425,000 -9.4% $473,000 2.4% -8.7%
BIGGERA WATERS ~ f 27 $280,000 -12.9% $334,500 9.7% -0.5%
BILINGA ~ * f 6 N/A N/A $392,500 2.6% -34.3%
BROADBEACH ~ 75 $414,000 2.9% $435,000 -17.1% -2.2%
BROADBEACH WATERS ~ 12 $413,750 N/A $380,000 20.6% -20.2%
BUNDALL 8 N/A N/A $329,000 N/A -13.9%
BURLEIGH HEADS ~ f 57 $412,000 14.4% $375,000 1.4% -14.2%
BURLEIGH WATERS ~ 16 $319,000 -3.3% $325,000 4.0% -18.2%
CARRARA * f 25 $403,000 25.9% $400,000 14.3% -3.6%
CLEAR ISLAND WATERS ~ f 4 N/A N/A $439,500 14.2% 5.4%
COOLANGATTA 56 $380,000 1.3% $387,500 -0.6% -13.9%
COOMBABAH 19 $303,000 4.5% $299,000 -0.3% -3.5%
COOMERA ~ * t 28 $498,000 13.7% $502,000 35.7% 54.5%
CURRUMBIN ~ 6 N/A N/A $362,500 -7.3% -23.3%
CURRUMBIN WATERS ~ 10 $315,000 10.1% $300,000 7.3% -13.7%
ELANORA 11 $306,000 2.0% $289,000 3.6% -5.2%
HELENSVALE ~ 17 $321,000 -11.4% $315,000 1.4% -3.4%
HOPE ISLAND * 28 $392,500 -2.5% $485,000 18.3% -20.9%
LABRADOR 57 $305,000 7.6% $285,000 0.8% -10.9%
MAIN BEACH ~ f 35 $517,500 -23.9% $565,000 8.1% -19.3%
MERMAID BEACH ~ f 36 $336,500 -7.6% $330,000 1.5% -11.4%
MERMAID WATERS ~ 23 $320,000 11.9% $295,000 0.0% -10.1%
MERRIMAC 9 N/A N/A $330,000 8.2% 6.8%
MIAMI ~ f 34 $350,000 20.3% $335,000 -0.4% -5.6%
MUDGEERABA 8 N/A N/A $315,000 3.1% -9.0%
NERANG ~ 24 $285,000 16.3% $262,500 4.0% -11.8%
ORMEAU ~ 5 N/A N/A $305,000 -10.0% -13.6%
OXENFORD 5 N/A N/A $260,000 6.1% -7.1%
PACIFIC PINES 16 $360,000 2.9% $361,000 5.9% -2.4%
PALM BEACH ~ f 39 $284,000 -9.1% $320,500 6.8% -8.4%
PARADISE POINT ~ f 12 $424,975 -4.9% $560,000 2.3% 10.9%
PIMPAMA 3 N/A N/A $389,900 1.3% N/A
REEDY CREEK 11 $270,000 -4.6% $263,000 -0.8% -12.2%
ROBINA ~ 28 $383,750 -5.2% $410,000 -6.6% -7.1%
RUNAWAY BAY ~ f 20 $520,000 19.2% $465,000 25.7% 0.0%
SOUTHPORT ~ f 95 $286,000 -15.9% $304,000 0.5% -22.1%
SURFERS PARADISE ~ f 191 $325,000 -12.2% $352,000 0.6% -12.0%
TUGUN ~ 18 $360,000 12.1% $350,000 2.9% -14.6%
UPPER COOMERA 18 $280,000 -2.6% $287,500 0.9% -12.9%
VARSITY LAKES 26 $370,000 1.8% $360,000 2.9% -8.9%
GOLD COAST CITY (LGA) 1236 $480,000 1.7% $477,000 4.4% -0.6%
GOLD COAST CITY (LGA) ^ 121 $630,000 -0.8% $649,000 4.7% -4.6%
ARUNDEL 45 $460,000 5.4% $455,000 -3.7% -2.7%
ASHMORE ~ 44 $433,000 -8.8% $433,000 0.7% -5.9%
BENOWA 24 $691,250 3.2% $687,500 8.1% -12.3%
BIGGERA WATERS ~ f 16 $461,000 -24.4% $480,000 -12.7% 0.4%
BONOGIN ^ 7 N/A N/A $587,500 3.1% -6.0%
BROADBEACH WATERS ~ f 24 $867,500 22.6% $720,000 2.9% -15.3%
BUNDALL ~ 21 $750,000 18.8% $717,500 3.2% -25.5%
BURLEIGH HEADS ~ 24 $615,000 13.4% $552,500 9.8% 6.3%
BURLEIGH WATERS 45 $579,000 9.3% $531,500 5.0% -1.6%
CARRARA 31 $417,500 4.0% $426,750 1.6% -6.2%
CLEAR ISLAND WATERS ~ f 20 $842,500 43.1% $750,000 5.2% -20.2%
COOMBABAH 22 $373,750 -3.9% $383,750 2.0% -6.4%
COOMERA 20 $484,000 -5.5% $406,000 3.4% -20.4%
CURRUMBIN ~ 7 N/A N/A $578,500 -12.0% N/A
CURRUMBIN VALLEY ^ 4 N/A N/A $770,000 N/A N/A
CURRUMBIN WATERS ~ 15 $427,000 -16.3% $487,000 10.7% 6.4%
ELANORA 29 $495,000 3.8% $485,000 5.7% -1.0%
HELENSVALE 43 $460,000 6.4% $467,000 1.5% -2.5%
HELENSVALE ^ 1 N/A N/A $735,000 N/A N/A
HIGHLAND PARK ~ 19 $445,000 15.6% $407,500 2.6% 2.1%
HOLLYWELL ~ 8 N/A N/A $522,500 11.2% -2.5%
HOPE ISLAND ~ f 23 $723,750 -7.2% $567,500 -9.9% -37.4%
JACOBS WELL ~ 2 N/A N/A $358,000 -11.6% -15.8%
LABRADOR 38 $365,000 -4.7% $377,500 3.9% -1.0%
MAUDSLAND 8 N/A N/A $435,000 3.8% 2.3%
MERMAID BEACH 8 N/A N/A $826,000 -3.5% -37.7%
MERMAID WATERS 31 $682,500 6.6% $620,000 2.5% -3.1%
MERRIMAC ~ 16 $395,000 15.3% $390,000 2.6% -4.9%
MIAMI 19 $499,000 N/A $505,000 8.0% -1.9%
MOLENDINAR ~ 13 $460,000 -8.9% $474,500 2.7% -2.2%
MUDGEERABA 28 $474,250 5.2% $449,000 9.5% -0.1%
MUDGEERABA ^ 11 $710,000 N/A $635,000 8.1% 0.8%
NERANG 40 $342,750 -0.1% $345,000 3.9% -8.0%
NERANG ^ 7 N/A N/A $780,000 N/A N/A
ORMEAU 41 $427,500 3.8% $406,000 0.2% -3.3%
ORMEAU ^ 4 N/A N/A $632,500 N/A 1.4%
ORMEAU HILLS 9 N/A N/A $449,000 1.5% -2.7%
OXENFORD 42 $455,000 8.0% $425,500 6.6% 3.3%
PACIFIC PINES 56 $450,000 -1.6% $450,000 3.2% -1.1%
PALM BEACH ~ 42 $540,000 12.5% $528,000 10.0% -6.5%
PARADISE POINT ~ f 35 $627,500 -28.5% $752,000 -5.7% -9.7%
PARKWOOD 18 $450,000 0.8% $447,500 0.9% -1.6%
PIMPAMA 6 N/A N/A $366,000 8.6% -7.3%
REEDY CREEK 18 $606,000 0.2% $601,000 3.2% 1.7%
ROBINA ~ 69 $545,000 10.1% $515,000 3.0% -1.9%
RUNAWAY BAY ~ 24 $588,500 -7.3% $665,000 0.0% -14.7%
SOUTHPORT 42 $416,000 -0.2% $420,000 6.3% -5.6%
SURFERS PARADISE ~ 19 $1,193,750 16.5% $1,167,500 8.6% -16.3%
TALLAI ^ 12 $737,500 N/A $720,000 6.4% 6.3%
TALLEBUDGERA ^ 12 $655,000 N/A $660,000 7.1% -7.7%
TUGUN ~ 9 N/A N/A $495,000 20.7% 1.9%
UPPER COOMERA 59 $394,000 -0.1% $380,000 1.1% -8.3%
VARSITY LAKES 29 $465,000 3.3% $465,000 7.1% -0.4%
WORONGARY 7 N/A N/A $382,500 3.0% -0.8%
WORONGARY ^ 12 $589,000 2.4% $575,000 0.0% -5.5%
SURROUNDS
SCENIC RIM (LGA) ~ 66 $315,000 -6.0% $336,000 -1.2% -3.3%
SCENIC RIM (LGA) ^ ~ 39 $495,000 16.4% $440,000 -2.2% -2.2%
BEAUDESERT ~ 19 $310,000 11.7% $300,000 -4.8% -4.8%
BOONAH 8 N/A N/A $272,500 -0.9% -2.8%
KOORALBYN ^ 7 N/A N/A $311,000 3.2% -5.0%
TAMBORINE ^ 7 N/A N/A $495,000 5.5% -8.3%
TAMBORINE MOUNTAIN ~ 22 $430,000 7.7% $398,250 -0.4% -12.5%
SALES MARKET - UNITS & TOWNHOUSES
SUBURB
NUMBER
OF SALES
DEC13
MEDIAN
SALE
DEC13
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
DEC13
1YR
CHANGE
5YR
CHANGE
SALES MARKET - HOUSES
SUBURB
NUMBER
OF SALES
DEC13
MEDIAN
SALE
DEC13
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
DEC13
1YR
CHANGE
5YR
CHANGE
SALES MARKET - VACANT LAND
"Local agents say the
outlook for this year is
extremely positive with
the potential for continued
moderate price growth as
well as improvements in
the region’s tourism and
construction sectors"
18 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
4285 ALLENVIEW $290 42 $300 53
4307 COLEYVILLE $260 10 $250 5
4309 ARATULA $260 9 $240 7
4310 ALLANDALE $265 25 $260 9
GOLD COAST CITY $420 1031 $400 1032
4208 BURNSIDE $375 24 $380 24
4209 COOMERA $379 119 $360 77
4210 OXENFORD $390 21 $370 16
4211 ADVANCETOWN $395 122 $385 141
4212 HELENSVALE $470 72 $420 73
4213 BONOGIN $420 54 $405 54
4214 ARUNDEL $420 83 $400 96
4215 LABRADOR $390 110 $380 98
4216 PARADISE POINT $400 78 $390 75
4217 BENOWA $560 36 $550 32
4218 BROADBEACH $510 62 $500 69
4220 BURLEIGH HEADS $450 56 $450 60
4221 ELANORA $460 50 $420 49
4223 CURRUMBIN $420 31 $460 29
4224 TUGUN $390 8 $425 12
4225 BILINGA $425 5 $410 6
4226 CLEAR ISLAND WATERS $450 63 $430 79
4227 REEDY CREEK $465 29 $420 33
4228 INGLESIDE $425 8 $425 8
SCENIC RIM REGIONAL $295 127 $310 116
4271 EAGLE HEIGHTS $390 11 $355 12
4272 MOUNT TAMBORINE $375 16 $380 14
4275 BENOBBLE $360 12 $360 10
902
832
739
697
281
254
8
12
DEC 12
MAR 13
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
74
99
98
113
115
364
353
406
443
517
324
293
302
341
418
48
48
54
60
65
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST HOUSE SALES (p)
<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
131
103
114
113
101
298
269
271
353
394
176
186
189
219
278
24
19
27
26
33
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST HOUSE SALES (p)
<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
130
121
159
158
146
39
36
26
25
42
7
9
4
8
10
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BUNDABERG HOUSE SALES (p)
<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
(p) Preliminary
Source: REIQ,
158
162
36
32
8
6
DEC 12
MAR 13
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
13
13
12
33
21
86
68
73
53
73
27
32
28
22
27
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GLADSTONE HOUSE SALES (p)
<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
(p) Preliminary. S
Source: REIQ, da
DEC 12
MAR 13
(p) Preliminary
Source: REIQ, d
38
60
43
320
275
301
531
489
545
222
209
234
20
28
32
DEC 12
MAR 13
JUN 13
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
105
102
137
169
132
134
134
141
171
132
65
43
51
86
79
14
24
29
29
36
4
1
2
2
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE SURROUNDS UNIT SALES (p)
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
133
216
179
236
204
303
329
334
375
380
185
231
252
306
292
116
169
187
191
192
20
45
42
44
57
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST UNIT SALES (p)
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
56
100
78
92
74
150
136
135
152
187
88
112
100
95
132
59
68
49
62
79
11
12
8
10
12
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST UNIT SALES (p)
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
13
20
18
7
17
6
11
6
10
9
4
4
2
3
2
8
1
2
1
6
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BUNDABERG UNIT SALES (p)
<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
(p) Preliminar
Source: REIQ,
19
17
10
25
18
14
12
20
17
10
6
2
4
3
1
1
0
0
1
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
FRASER COAST UNIT SALES (p)
<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
1
3
1
6
2
14
13
5
9
3
6
9
7
5
3
3
2
0
1
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GLADSTONE UNIT SALES (p)
<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
(p) Prelimina
Source: REIQ
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
(p) Prelimina
Source: REIQ
DEC 12
MAR 13
JUN 13
(p) Preliminar
Source: REIQ,
28
36
27
21
21
23
7
8
5
1
0
3
DEC 12
MAR 13
JUN 13
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
287	
  
256	
  
237	
  
329	
  
220	
  
50	
  
42	
  
31	
  
45	
  
49	
  
8	
  
16	
  
12	
  
11	
  
14	
  
5	
  
5	
  
6	
  
4	
  
7	
  
	
  DEC	
  12	
  
	
  MAR	
  13	
  
	
  JUN	
  13	
  
	
  SEP	
  13	
  
	
  DEC	
  13	
  
BRISBANE	
  SURROUNDS	
  LAND	
  SALES	
  (p)	
  
<$250,000	
   $250,000+	
   $350,000+	
   $500,000+	
  
Includes	
  IPSWICH,	
  LOGAN,	
  MORETON	
  BAY	
  &	
  REDLAND	
  
(p)	
  Preliminary.	
  See	
  explanatory	
  notes	
  for	
  further	
  informaKon.	
  
Source:	
  REIQ,	
  data	
  provided	
  by	
  RP	
  Data.	
  
45	
  
31	
  
35	
  
37	
  
16	
  
45	
  
49	
  
26	
  
27	
  
32	
  
29	
  
40	
  
34	
  
37	
  
28	
  
12	
  
8	
  
6	
  
7	
  
10	
  
	
  DEC	
  12	
  
	
  MAR	
  13	
  
	
  JUN	
  13	
  
	
  SEP	
  13	
  
	
  DEC	
  13	
  
BRISBANE	
  CITY	
  LAND	
  SALES	
  (p)	
  
<$250,000	
   $250,000+	
   $350,000+	
   $500,000+	
  
(p)	
  Preliminary.	
  See	
  explanatory	
  notes	
  for	
  further	
  informaKon.	
  
Source:	
  REIQ,	
  data	
  provided	
  by	
  RP	
  Data.	
  
38	
  
55	
  
34	
  
39	
  
25	
  
2	
  
1	
  
1	
  
3	
  
2	
  
0	
  
2	
  
1	
  
3	
  
2	
  
	
  DEC	
  12	
  
	
  MAR	
  13	
  
	
  JUN	
  13	
  
	
  SEP	
  13	
  
	
  DEC	
  13	
  
TOOWOOMBA	
  LAND	
  SALES	
  (p)	
  
<$250,000	
   $250,000+	
   $350,000+	
  
(p)	
  Preliminary.	
  See	
  explanatory	
  notes	
  for	
  further	
  informaKon.	
  
Source:	
  REIQ,	
  data	
  provided	
  by	
  RP	
  Data.	
  
(p
So
(
S
42	
  
26	
  
25	
  
40	
  
41	
  
1	
  
1	
  
1	
  
0	
  
3	
  
0	
  
0	
  
1	
  
0	
  
0	
  
	
  DEC	
  12	
  
	
  MAR	
  13	
  
	
  JUN	
  13	
  
	
  SEP	
  13	
  
	
  DEC	
  13	
  
FRASER	
  COAST	
  LAND	
  SALES	
  (p)	
  
<$250,000	
   $250,000+	
   $350,000+	
  
(p)	
  Preliminary.	
  See	
  explanatory	
  notes	
  for	
  further	
  informaKon.	
  
Source:	
  REIQ,	
  data	
  provided	
  by	
  RP	
  Data.	
  
38	
  
47	
  
33	
  
41	
  
25	
  
1	
  
0	
  
1	
  
2	
  
0	
  
0	
  
0	
  
0	
  
0	
  
0	
  
	
  DEC	
  12	
  
	
  MAR	
  13	
  
	
  JUN	
  13	
  
	
  SEP	
  13	
  
	
  DEC	
  13	
  
BUNDABERG	
  LAND	
  SALES	
  (p)	
  
<$250,000	
   $250,000+	
   $350,000+	
  
(p)	
  Preliminary.	
  See	
  explanatory	
  notes	
  for	
  further	
  informaKon.	
  
Source:	
  REIQ,	
  data	
  provided	
  by	
  RP	
  Data.	
  
51	
  
52	
  
41	
  
40	
  
45	
  
16	
  
6	
  
11	
  
15	
  
24	
  
7	
  
8	
  
5	
  
5	
  
3	
  
13	
  
5	
  
7	
  
8	
  
6	
  
	
  DEC	
  12	
  
	
  MAR	
  13	
  
	
  JUN	
  13	
  
	
  SEP	
  13	
  
	
  DEC	
  13	
  
GOLD	
  COAST	
  LAND	
  SALES	
  (p)	
  
<$250,000	
   $250,000+	
   $350,000+	
   $500,000+	
  
(p)	
  Preliminary.	
  See	
  explanatory	
  notes	
  for	
  further	
  informaKon.	
  
Source:	
  REIQ,	
  data	
  provided	
  by	
  RP	
  Data.	
  
71	
  
49	
  
47	
  
53	
  
40	
  
38	
  
38	
  
18	
  
20	
  
21	
  
9	
  
12	
  
10	
  
12	
  
12	
  
7	
  
8	
  
7	
  
10	
  
4	
  
	
  DEC	
  12	
  
	
  MAR	
  13	
  
	
  JUN	
  13	
  
	
  SEP	
  13	
  
	
  DEC	
  13	
  
SUNSHINE	
  COAST	
  LAND	
  SALES	
  (p)	
  
<$250,000	
   $250,000+	
   $350,000+	
   $500,000+	
  
(p)	
  Preliminary.	
  See	
  explanatory	
  notes	
  for	
  further	
  informaKon.	
  
Source:	
  REIQ,	
  data	
  provided	
  by	
  RP	
  Data.	
  
14	
  
20	
  
23	
  
33	
  
25	
  
10	
  
12	
  
9	
  
3	
  
2	
  
3	
  
2	
  
1	
  
2	
  
2	
  
	
  DEC	
  12	
  
	
  MAR	
  13	
  
	
  JUN	
  13	
  
	
  SEP	
  13	
  
	
  DEC	
  13	
  
GLADSTONE	
  LAND	
  SALES	
  (p)	
  
<$250,000	
   $250,000+	
   $350,000+	
  
(p)	
  Preliminary.	
  See	
  explanatory	
  notes	
  for	
  further	
  informaKon.	
  
Source:	
  REIQ,	
  data	
  provided	
  by	
  RP	
  Data.	
  
(
S
RENTAL MARKET - 3 BED HOUSES
DEC-13 DEC-12
POSTCODE LOCALITIES MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
RENTAL MARKET - 3 BED HOUSES (CONT’D)
DEC-13 DEC-12
POSTCODE LOCALITIESL
MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
GOLD COAST CITY $355 2540 $340 2533
4209 COOMERA $300 9 $295 9
4210 OXENFORD $300 21 $295 20
4211 ADVANCETOWN $330 36 $290 41
4212 HELENSVALE $390 47 $380 59
4214 ARUNDEL $290 20 $188 26
4215 LABRADOR $340 585 $330 532
4216 PARADISE POINT $350 192 $330 183
4217 BENOWA $385 612 $390 598
4218 BROADBEACH $350 341 $340 336
4220 BURLEIGH HEADS $370 183 $360 188
4221 ELANORA $320 166 $300 147
4223 CURRUMBIN $350 25 $335 32
4224 TUGUN $310 31 $280 34
4225 BILINGA $330 134 $310 160
4226 CLEAR ISLAND WATERS $400 54 $390 44
4227 REEDY CREEK $410 79 $345 117
SCENIC RIM REGIONAL $220 37 $210 31
4285 ALLENVIEW $210 32 $200 22
GOLD COAST CITY $380 1259 $370 1274
4208 BURNSIDE $370 21 $360 14
4209 COOMERA $350 154 $340 176
4210 OXENFORD $350 13 $320 23
4211 ADVANCETOWN $360 221 $350 260
4212 HELENSVALE $420 43 $400 49
4213 BONOGIN $360 44 $360 43
4214 ARUNDEL $360 50 $360 54
4215 LABRADOR $385 148 $380 125
4216 PARADISE POINT $360 89 $350 84
4217 BENOWA $470 73 $455 66
4218 BROADBEACH $400 25 $400 22
4220 BURLEIGH HEADS $450 25 $400 47
4221 ELANORA $400 22 $380 14
4223 CURRUMBIN $360 24 $380 18
4224 TUGUN $430 34 $420 31
4226 CLEAR ISLAND WATERS $430 178 $420 158
4227 REEDY CREEK $410 88 $390 78
SCENIC RIM REGIONAL $280 9 $300 5
4285 ALLENVIEW $280 9 $300 5
RENTAL MARKET - 2 BED UNITS
RENTAL MARKET - 3 BED TOWNHOUSES
19
REGIONAL MARKET UPDATES
DECEMBER QUARTER 2013
The approval of the 2nd range crossing is also said to be
a boost for not only the local economy but also for local
amenity as large trucks will no longer be driving through
the city centre.
RENTAL MARKET
Investor activity is reportedly up, predominantly within
close proximity to the Toowoomba metropolitan area, as
is tenant demand with one agency reporting very high
numbers of applicants recently.
With increased demand being matched with increased
investment activity, Toowoomba’s vacancy rate remained
unchanged since September, at 1.3 per cent.
Median weekly rents from the RTA correspondingly
continue to record steady growth. Compared to the
December quarter 2012, three bedroom townhouses
recorded the highest increase, up $48 to $330 per week.
Given the number of new bond lodgements are low,
the higher median rent was no doubt influenced by the
increasing number of higher quality townhouses available
for rent.
Meanwhile, three bedroom houses were up $10 to $290
per week and two bedroom flats were up $15 to $240
per week over the same period. Three bedroom flats still
remain the most popular investment property with over
600 new bonds lodged over the December quarter 2013
SALES MARKET
The Toowoomba property market continues to go from
strength to strength, with the December quarter seeing
preliminary sales volumes increase by around 10 per cent.
The Toowoomba Regional median house price was up a
strong 6.5 per cent to $329,000.
According to local agents, the Toowoomba property
market has continued to show robust confidence levels.
Sales in the sub-$500,000 bracket are reportedly strong,
with some properties taking less than a week to sell.
Local agents say both owner-occupiers and investors
are very active in the market, with increasing numbers
at open for inspections. First home buyers however
are unfortunately still low in numbers due to minimal
affordably-priced properties available on the market.
Investor demand is said to be particularly strong for
properties that are priced well relative to their rental
return, with such properties spending little time on
the market.
Another indicator that the Toowoomba property market is
strengthening is increased sales activity in the premium
end of the market, with up-graders and owner-occupiers
making the step up into a higher price range.
In the unit and townhouse market, the Toowoomba
median sale price increased 6.5 per cent to $263,000 with
an increase in preliminary sales numbers also recorded
over the quarter.
The Toowoomba unit market is seeing small townhouse
developments pop up across the metropolitan area,
such as Newtown and Kearneys Spring. While higher-
end sales in East Toowoomba and Rangeville have also
contributed to the increase in the region’s median price
over the quarter.
Over the coming year, local agents expect to see continued
quiet confidence, with confident capital growth expected.
Local agents say the region is set to vastly benefit from the
opening of the Brisbane West Wellcamp in October, which
is a privately owned and funded airport.
The airport is to have the fourth largest landing strip in
Australia which will open up Toowoomba to domestic
flights and have the potential to see the region become a
residential hub for fly-in-fly-out workers.
TOOWOOMBA
HOUSEPRICEPOINT
50
171
+
FRASER COAST HOUSE SALES (p)
<$350,000 $350,000+ $500,000+
MACKAY HOUSE SALES (p)
<$350,000 $350,000+ $500,000+
174
151
168
185
178
79
92
96
79
80
24
27
26
26
30
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
ROCKHAMPTON HOUSE SALES (p)
<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
257
245
248
281
297
113
91
123
132
155
25
23
24
26
43
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOOWOOMBA HOUSE SALES (p)
<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
38
60
43
50
47
320
275
301
343
294
531
489
545
612
560
222
209
234
279
314
20
28
32
46
39
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY UNIT SALES (p)
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
105
102
137
169
132
134
134
141
171
132
65
43
51
86
79
14
24
29
29
36
4
1
2
2
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE SURROUNDS UNIT SALES (p)
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
204 380 292 192 57DEC 13
GOLD COAST UNIT SALES (p)
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
17 9 2 6DEC 13
BUNDABERG UNIT SALES (p)
<$250,000 $250,000+ $350,000+ $500,000+
19
17
10
25
18
14
12
20
17
10
6
2
4
3
1
1
0
0
1
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
FRASER COAST UNIT SALES (p)
<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
DEC
DEC
MAR
JUN
SEP
DEC
(p) Prelim
Source: R
DEC
MAR
JUN
SEP
DEC
(p) Prelim
Source: R
28
36
27
38
37
21
21
23
27
34
7
8
5
10
7
1
0
3
0
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOOWOOMBA UNIT SALES (p)
<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
BRISBANE	
  SURROUNDS	
  LAND	
  SALES	
  (p)	
  
<$250,000	
   $250,000+	
   $350,000+	
   $500,000+	
  
Includes	
  IPSWICH,	
  LOGAN,	
  MORETON	
  BAY	
  &	
  REDLAND	
  
45	
  
31	
  
35	
  
37	
  
16	
  
45	
  
49	
  
26	
  
27	
  
32	
  
29	
  
40	
  
34	
  
37	
  
28	
  
12	
  
8	
  
6	
  
7	
  
10	
  
	
  DEC	
  12	
  
	
  MAR	
  13	
  
	
  JUN	
  13	
  
	
  SEP	
  13	
  
	
  DEC	
  13	
  
BRISBANE	
  CITY	
  LAND	
  SALES	
  (p)	
  
<$250,000	
   $250,000+	
   $350,000+	
   $500,000+	
  
(p)	
  Preliminary.	
  See	
  explanatory	
  notes	
  for	
  further	
  informaKon.	
  
Source:	
  REIQ,	
  data	
  provided	
  by	
  RP	
  Data.	
  
38	
  
55	
  
34	
  
39	
  
25	
  
2	
  
1	
  
1	
  
3	
  
2	
  
0	
  
2	
  
1	
  
3	
  
2	
  
	
  DEC	
  12	
  
	
  MAR	
  13	
  
	
  JUN	
  13	
  
	
  SEP	
  13	
  
	
  DEC	
  13	
  
TOOWOOMBA	
  LAND	
  SALES	
  (p)	
  
<$250,000	
   $250,000+	
   $350,000+	
  
(p)	
  Preliminary.	
  See	
  explanatory	
  notes	
  for	
  further	
  informaKon.	
  
Source:	
  REIQ,	
  data	
  provided	
  by	
  RP	
  Data.	
  
41	
   3	
   0	
  	
  DEC	
  13	
  
FRASER	
  COAST	
  LAND	
  SALES	
  (p)	
  
<$250,000	
   $250,000+	
   $350,000+	
  
Queensland property market peaks in Q4 2013
Queensland property market peaks in Q4 2013
Queensland property market peaks in Q4 2013
Queensland property market peaks in Q4 2013
Queensland property market peaks in Q4 2013
Queensland property market peaks in Q4 2013
Queensland property market peaks in Q4 2013
Queensland property market peaks in Q4 2013
Queensland property market peaks in Q4 2013
Queensland property market peaks in Q4 2013
Queensland property market peaks in Q4 2013
Queensland property market peaks in Q4 2013
Queensland property market peaks in Q4 2013
Queensland property market peaks in Q4 2013
Queensland property market peaks in Q4 2013
Queensland property market peaks in Q4 2013
Queensland property market peaks in Q4 2013
Queensland property market peaks in Q4 2013
Queensland property market peaks in Q4 2013
Queensland property market peaks in Q4 2013
Queensland property market peaks in Q4 2013

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Queensland property market peaks in Q4 2013

  • 1. your state-wide property research guide suburb by suburb REIQ QMM STATE-WIDE COMMENTARY ISSUE21 QUEENSLANDMARKETMONITORISSUE21 DECEMBER QTR 2013 >p2 Giving real estate professionals the competitive edge Visit rpdata.com or phone 1300 734 318 to find out how. Proudly supported by QUEENSLAND HOUSE SALES PEAK SALES MARKET The numbers of house sales across Queensland peaked at the end of last year as well as recorded healthy price growth according to the REIQ’s Queensland Market Monitor (QMM) for the December quarter. December quarter data shows that the volume of house sales hit its annual peak of activity in the last three months of 2013. The numbers of sales was also one of the healthiest quarterly periods for a number of years. Not only can the December quarter claim to be the third strongest in as many years, it was also firming without the aid of extraneous stimulus measures. Queensland’s most recent peak was in September 2012 when the return of stamp duty concessions underpinned the increased sales activity.
  • 2. 2 QUEENSLAND MARKET MONITOR However, the strength of this latest quarter is a direct reflection of the improving market and growing confidence levels. The September quarter, or spring selling season, historically records the high numbers of sales. Last year, however, the December quarter trumped it with the preliminary numbers of house sales peaking at just shy of 10,000 for that three-month period. This was the case across most major regions of the State which is a further signal that the Queensland market is well into its next growth phase. And when we compare 2013 to the very good times of 2007, we are sitting at about 75 per cent of the sales volumes that occurred during that year. Not only are more properties selling, they are taking less time to do so and with less discounting. The most recent data shows that in Brisbane, for example, the average time it takes to sell a home has reduced to 74 days with average discounting from list prices sitting at about 6 per cent. And REIQ accredited agencies are reporting that many properties are now selling for their asking prices or above with instances of multiple offers also increasing. Just as the volume of sales is growing so too are median house prices in most regions. Over the December quarter, the Brisbane median house price increased 6 per cent to $562,000 – the third best performer over the quarter. There was a significant jump in sales between $500,000 and $1 million over the period which can partly explain this quarterly price increase. Queensland market update 1 State-Wide Summary (cont’d) 2 REIQ Explanatory notes 5 Brisbane market updates Brisbane City 6 Greater Brisbane 11 Regional market updates Gold Coast 16 Toowoomba 19 Sunshine Coast 21 Fraser Coast 23 Bundaberg 25 Gladstone 27 Rockhampton 28 Mackay 30 Townsville 32 Cairns 34 Other Regional 36 On The Market Indicators 37 Average Vendor Discount Average Days on Market Total Listings Rental Market Indicators 38 Gross rental yields Residential vacancy rates TABLE OF CONTENTS REIQ STATE-WIDE SUMMARY CONTINUED "The strength of this latest quarter is a direct reflection of the improving market and growing confidence levels" MEDIAN SALE PRICE QUARTERLY MOVEMENTS LGA HOUSES UNITS LAND SOUTH EAST QUEENSLAND BRISBANE (SD) 5.2% 3.5% 9.7% BRISBANE CITY 6.0% 2.0% 5.4% IPSWICH CITY 4.4% -7.8% ~ 3.0% LOGAN CITY 3.0% 5.7% ~ * -20.6% ~ MORETON BAY 7.7% ~ -0.3% 13.6% ~ REDLAND CITY 3.5% 3.4% 25.0% ~ GOLD COAST CITY 1.7% 1.5% -1.3% SUNSHINE COAST 3.6% 6.3% 2.7% MAJOR REGIONS TOOWOOMBA 6.5% 6.5% ~ * 6.9% ~ FRASER COAST 0.5% -9.9% ~ * 10.1% ~ BUNDABERG 5.7% -18.0% ~ f -9.6% ~ GLADSTONE 5.0% N/A 3.0% ROCKHAMPTON 0.5% 9.8% ~ 16.8% ~ MACKAY -2.4% 2.5% 15.4% ~ TOWNSVILLE CITY 3.2% 7.7% ~ -0.9% CAIRNS 1.0% -14.7% ~ f -2.6%
  • 3. 996   993   759   960   732   185   183   117   136   153   60   84   67   76   66   33   23   21   32   28   9   6   7   5   2    DEC  12    MAR  13    JUN  13    SEP  13   Dec-­‐13   QUEENSLAND  LAND  SALES  (p)   <$250,000   $250,000+   $350,000+   $500,000+   $1m+   (p)  Preliminary  sales  uploaded  as  at  5  weeks  a6er  the  end  of  each  quarterly  period     583   758   711   873   770   1089   1028   1058   1221   1163   984   953   1034   1184   1148   451   510   532   588   669   62   91   88   110   116    DEC  12    MAR  13    JUN  13    SEP  13   Dec-­‐13   QUEENSLAND  UNIT  SALES  (p)   <$250,000   $250,000+   $350,000+   $500,000+   $1m+   (p)  Preliminary  sales  uploaded  as  at  5  weeks  a6er  the  end  of  each  quarterly  period     2923   2701   2852   3203   3024   3185   2917   3016   3359   3632   2070   1914   2081   2360   2856   193   181   225   249   292    DEC  12    MAR  13    JUN  13    SEP  13   Dec-­‐13   QUEENSLAND  HOUSE  SALES  (p)   <$350,000   $350,000+   $500,000+   $1m+   (p)  Preliminary  sales  uploaded  as  at  5  weeks  a6er  the  end  of  each  quarterly  period   Source:  REIQ,  data  provided  by  RP  data   996   993   759   960   732   185   183   117   136   153   60   84   67   76   66   33   23   21   32   28   9   6   7   5   2    DEC  12    MAR  13    JUN  13    SEP  13   Dec-­‐13   QUEENSLAND  LAND  SALES  (p)   <$250,000   $250,000+   $350,000+   $500,000+   $1m+   (p)  Preliminary  sales  uploaded  as  at  5  weeks  a6er  the  end  of  each  quarterly  period     583   758   711   873   770   1089   1028   1058   1221   1163   984   953   1034   1184   1148   451   510   532   588   669   62   91   88   110   116    DEC  12    MAR  13    JUN  13    SEP  13   Dec-­‐13   QUEENSLAND  UNIT  SALES  (p)   <$250,000   $250,000+   $350,000+   $500,000+   $1m+   (p)  Preliminary  sales  uploaded  as  at  5  weeks  a6er  the  end  of  each  quarterly  period     2923   2701   2852   3203   3024   3185   2917   3016   3359   3632   2070   1914   2081   2360   2856   193   181   225   249   292    DEC  12    MAR  13    JUN  13    SEP  13   Dec-­‐13   QUEENSLAND  HOUSE  SALES  (p)   <$350,000   $350,000+   $500,000+   $1m+   (p)  Preliminary  sales  uploaded  as  at  5  weeks  a6er  the  end  of  each  quarterly  period   Source:  REIQ,  data  provided  by  RP  data   996   993   759   960   732   185   183   117   136   153   60   84   67   76   66   33   23   21   32   28   9   6   7   5   2    DEC  12    MAR  13    JUN  13    SEP  13   Dec-­‐13   QUEENSLAND  LAND  SALES  (p)   <$250,000   $250,000+   $350,000+   $500,000+   $1m+   (p)  Preliminary  sales  uploaded  as  at  5  weeks  a6er  the  end  of  each  quarterly  period     583   758   711   873   770   1089   1028   1058   1221   1163   984   953   1034   1184   1148   451   510   532   588   669   62   91   88   110   116    DEC  12    MAR  13    JUN  13    SEP  13   Dec-­‐13   QUEENSLAND  UNIT  SALES  (p)   <$250,000   $250,000+   $350,000+   $500,000+   $1m+   (p)  Preliminary  sales  uploaded  as  at  5  weeks  a6er  the  end  of  each  quarterly  period     2923   2701   2852   3203   3024   3185   2917   3016   3359   3632   2070   1914   2081   2360   2856   193   181   225   249   292    DEC  12    MAR  13    JUN  13    SEP  13   Dec-­‐13   QUEENSLAND  HOUSE  SALES  (p)   <$350,000   $350,000+   $500,000+   $1m+   (p)  Preliminary  sales  uploaded  as  at  5  weeks  a6er  the  end  of  each  quarterly  period   Source:  REIQ,  data  provided  by  RP  data   The top major region over the period was Moreton Bay which posted median house price growth of 7.7 per cent to $387,750. The Greater Brisbane region is attractive for first home buyers and investors given its relative affordability and also it has the lion’s share of new housing developments across the Brisbane area. The next best performer was Toowoomba which again posted median price growth over the quarter. Its median house price increased 6.5 per cent to $329,000. Over the year ending December, its median grew by an impressive 8.5 per cent. Toowoomba’s proximity to the Surat Basin Energy Province continues to underpin its strong property market and potential for future growth. The median price of units and townhouses across South East Queensland grew over the December quarter as well. The preliminary numbers of unit sales also increased six per cent over the year. The unit market is continuing to improve in-line with the house sales market – albeit centred around the southeast corner. A key difference between the Queensland house and unit markets is that predominantly the lion’s share of these types of properties is located in the southeast as that is where demand for housing is the greatest. In fact, demand for units in Brisbane has resulted in record numbers of off-the-plan sales lately. According to recently-released research, more than 1,000 new apartment sales were transacted in the December quarter – the highest level since 2002. 3 STATE-WIDE SUMMARY DECEMBER QUARTER 2013 MEDIAN SALE PRICES LGA HOUSES UNITS LAND SOUTH EAST QUEENSLAND BRISBANE (SD) $465,000 $385,000 $215,000 BRISBANE CITY $562,000 $408,000 $334,500 IPSWICH CITY $308,000 $219,000 $172,450 LOGAN CITY $345,000 $240,000 $158,900 MORETON BAY $387,750 $299,000 $229,000 REDLAND CITY $455,500 $351,000 $30,000 GOLD COAST CITY (LGA) $480,000 $340,000 $230,000 SUNSHINE COAST (LGA) $456,000 $340,000 $244,000 MAJOR REGIONS TOOWOOMBA $329,000 $263,000 $155,000 FRASER COAST $291,500 $220,000 $158,500 BUNDABERG $280,000 $243,500 $122,000 GLADSTONE $420,000 N/A $208,000 ROCKHAMPTON $320,000 $279,500 $179,900 MACKAY $410,000 $276,750 $225,000 TOWNSVILLE CITY $357,000 $280,000 $160,750 CAIRNS $355,000 $183,500 $170,000 PRELIMINARY SALES ACTIVITY LGA HOUSES UNITS LAND SOUTH EAST QUEENSLAND BRISBANE (SD) UP DOWN DOWN BRISBANE CITY UP DOWN DOWN IPSWICH CITY UP STEADY DOWN LOGAN CITY STEADY DOWN STEADY MORETON BAY STEADY DOWN DOWN REDLAND CITY UP STEADY DOWN GOLD COAST CITY UP STEADY UP SUNSHINE COAST UP UP DOWN MAJOR REGIONS TOOWOOMBA UP STEADY DOWN FRASER COAST DOWN DOWN STEADY BUNDABERG STEADY STEADY DOWN GLADSTONE UP DOWN DOWN ROCKHAMPTON STEADY STEADY STEADY MACKAY UP DOWN DOWN TOWNSVILLE CITY UP UP DOWN CAIRNS STEADY DOWN UP
  • 4. The Real Estate Institute of Queensland Ltd. Copyright 2014 21 Turbo Drive, Coorparoo, PO Box 1555, Coorparoo DC Q 4151 Ph: (07) 3249 7347 Fax: (07) 3249 6211 Email: research@reiq.com.au Queensland Market Monitor is published by The Real Estate Institute of Queensland (REIQ). ABN 49 009 661 287 Disclaimer: The information contained in this publication, while based on information believed reliable, is not guaranteed. Nor is any of it tendered by way of investment advice; instead, it is intended only to inform and illustrate. No reader should act on the basis of any matter contained in this publication without considering and if necessary taking appropriate professional advice with regards to their own particular circumstances. The publisher and editor give no representations and make no warranties, express or implied, with respect to the accuracy or completeness of any of the material (including statistics, advertisements and advertising features) contained in this publication. The publisher and editor expressly disclaim any and all liability to the reader, whether a purchaser of this publication or not, in respect of anything and the consequences of anything done or omitted to be done by any such person in reliance, whether whole or partial, 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, 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 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 upon the representations and warranties of the authors of the articles and without knowledge of any infringement of any third party’s copyright. Copyright: This publication is protected under the Commonwealth Copyrights Act 1968 and may not, in whole or part, be lent, copied, photocopied, reproduced, translated or reduced to any electronic medium or machine-readable format without the express permission of the publisher. For permissions or reprints, contact the Corporate Affairs Division on phone 07 3249 7347. Data report date: 6 February 2014 Published date: 3 March 2014 RENTAL MARKET The REIQ’s latest residential rental survey, carried out in December across all REIQ accredited agencies, has found that the majority of the State recorded higher vacancy rates compared to the three months before. Over a third of REIQ member agencies reported an increase in investor activity, subsequently adding to the rental pool. In addition to this, the end of the year is historically a period of lower tenant demand with many vacating over the Christmas and New Year periods, usually in a move to another area for either work or educational reasons. While local agents report seeing the beginning of easing asking rents, figures from the Residential Tenancies Authorities figures for the December quarter, are yet to show a decline in median weekly rents for South East Queensland and the Central Coast. While in the mining regions, where vacancy rates have been trending upwards for a number of consecutive quarters now, falling median weekly rents are becoming the norm. (-) steady (u) up (d) down * change greater than 0.5 pts (-) steady (u) up (d) down * change greater than 0.5 pts (-) steady (u) up (d) down * change greater than $20 STATE-WIDE SUMMARY CONTINUED 4 QUEENSLAND MARKET MONITOR STATE-WIDE SUMMARY MEDIAN WEEKLY RENTS LGA 3 BED H 2 BED F 3 BED T SOUTH EAST QUEENSLAND BRISBANE CITY $410 U $395 - $405 - IPSWICH CITY $300 U $250 U $310 - LOGAN CITY $340 U $260 - $330 - MORETON BAY $330 - $275 - $335 U REDLAND CITY $380 - $330 U $385 U GOLD COAST CITY $420 U* $355 U $380 U SUNSHINE COAST $385 - $320 U $370 - MAJOR REGIONS TOOWOOMBA $290 U $240 U $330 U* FRASER COAST $275 - $220 U $310 U BUNDABERG $280 - $220 U $300 U* GLADSTONE $395 D* $330 D $480 D* ROCKHAMPTON $330 D $255 - $420 U* MACKAY $390 D* $300 D $380 D* TOWNSVILLE CITY 1 $340 D $280 - $280 D CAIRNS 1 $340 U $280 U $250 U VACANCY RATES LGA 30-DEC-13 TREND SOUTH EAST QUEENSLAND BRISBANE CITY 3.2% UP IPSWICH CITY 2.1% UP LOGAN CITY 2.0% UP MORETON BAY 2.0% STEADY REDLAND CITY 2.4% UP GOLD COAST CITY 1.9% DOWN SUNSHINE COAST 1.1% DOWN MAJOR REGIONS TOOWOOMBA 1.3% STEADY FRASER COAST 3.4% UP BUNDABERG 4.3% UP GLADSTONE 7.7% UP ROCKHAMPTON 7.0% UP MACKAY 7.7% UP TOWNSVILLE CITY 4.8% UP CAIRNS 2.0% UP GROSS RENTAL YIELDS LGA HOUSES UNITS SOUTH EAST QUEENSLAND BRISBANE CITY (LGA) 3.8% - 5.0% - IPSWICH CITY (LGA) 5.1% - 5.9% U LOGAN CITY (LGA) 5.1% - 5.6% D MORETON BAY (LGA) 4.4% D 4.8% - REDLAND CITY (LGA) 4.3% - 4.9% - GOLD COAST CITY (LGA) 4.6% - 5.4% - SUNSHINE COAST (LGA) 4.4% - 4.9% - MAJOR REGIONS TOOWOOMBA 4.6% D 4.7% - FRASER COAST 4.9% - 5.2% U BUNDABERG 5.2% D 4.7% U* GLADSTONE 4.9% D* N/A N/A ROCKHAMPTON 5.4% - 4.7% D* MACKAY 4.9% - 5.6% D* TOWNSVILLE CITY 5.0% - 5.2% D CAIRNS 5.0% - 7.9% U*
  • 5. REIQ RESEARCH EXPLANATORY NOTES SALES DATA All figures for the most recent quarterly and yearly periods are to be considered preliminary and subject to further revision as additional sales records become available (see Research Methodology). All sales data includes "Recent Sales" as advised by real estate agents as well as official records as advised by DNRM. A median sale price is derived by arranging a set of sale prices from lowest to highest and then selecting the middle value within this set (representing the 50th percentile, where half of recorded sales were less and half were higher than the median). Only suburbs and regions to record sufficient sales numbers are published. N/A Due to insufficient sales numbers (as at the time of data extraction) no median sale price has been calculated (LGA) Local Government Area Brisbane (SD) Brisbane Statistical Division which comprises the LGA’s of Brisbane City, Ipswich City, Logan City, Moreton Bay Regional and Redland City ^ Indicates acreage sales only (with land size greater than 2400m2 ). All other data is based upon sales with a land size of less than 2400 m2 ~ Median price changes influenced by varying quality of stock sold * Median price changes influenced by varying quantities of new properties sold f Median price changes influenced by varying quantities of waterfront properties sold t Medians affected by varying quantities of townhouses sold G Sales volumes and median affected by QLD government sales in the area eg ULDA, NRAS sales. y Median affected by high yielding property sales 1 Median price changes influenced by the varying volumes of sales between the Mainland and Bay Islands areas PRICE POINT GRAPHS All data contained within these graphs represent preliminary sales numbers available as at five weeks after the end of each quarterly period and are subject to revision as additional sales records become available. The data excludes any recent sales transactions where the contract sale price was not disclosed. The intention of these graphs is to gauge trends in sales activity between periods in lieu of actual final sales results (see Research Methodology). Source: REIQ, data obtained from RPData (www.rpdata.com.au). Enquiries about the reproduction of part or all of the information should be directed to the Corporate Affairs Division, REIQ. Based on or contains data provided by the State of Queensland (Department of Natural Resources and Mines) 2013. In consideration of the State permitting use of this data you acknowledge and agree that the State gives no warranty in relation to the data (including accuracy, reliability, completeness, currency or suitability) and accepts no liability (including without limitation, liability in negligence) for any loss, damage or costs (including consequential damage) relating to any use of the data. Data must not be used for direct marketing or be used in breach of the privacy laws. RENTAL DATA All median weekly rents are published on a postcode basis, as calculated by the Residential Tenancies Authority, where sufficient data is available. Caution should be exercised when interpreting any median rental price data based upon a relatively small number of new bond lodgements. L Listed localities (or suburbs) represent one of potentially several that fall within that postcode. N.A. Due to insufficient new bond lodgements, no median rental price has been calculated Source: Residential Tenancies Authority, Rental Bond lodgements (www.rta.qld.gov.au) GROSS RENTAL YIELDS House yields are based upon REIQ median house prices and RTA weighted median weekly rent for houses. Unit yields are based upon REIQ median unit & townhouse prices and RTA weighted median weekly rent for units and townhouses. VACANCY RATES All figures are based upon all residential rentals as at the end of each quarterly period, as submitted by REIQ accredited agents. A vacancy rate of 3 per cent is generally considered to indicate equilibrium of supply and demand within a rental market. N/A Due to insufficient information received no vacancy rate has been calculated Source: REIQ Residential Rental Survey 5DECEMBER QUARTER 2013 ON THE MARKET INDICATORS At the time of publication, latest information available was for the 12 months to the end of November 2013. "Average Vendor Discount" is the average difference between the contract price on a property and the first advertised price. The figure is expressed as a percentage and is an average of all private treaty sales which sold for less than their initial asking price during the last 12 months. Auction listings and listings without an advertised asking price are excluded from the calculation. "Average Days on Market" is calculated as the average number of days it has taken to sell those properties sold by private treaty sale during the 12 month period. The calculation excludes auction listings and listings where an asking price is not advertised. The days on market calculation uses the contract date on the property compared with the first advertised date. "Total Listings" is the total unique number of properties that have been advertised for sale and captured by RP Data over the 12 month period. To be included in the count, the listings have to be matched to an actual address. Source: RP Data (www.rpdata.com.au)
  • 6. 186 174 201 179 146 786 686 740 880 787 1025 910 1081 1280 1529 106 97 124 150 171 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 BRISBANE CITY HOUSE SALES (p) <$350,000 $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 902 832 844 1005 908 739 697 694 810 939 281 254 268 279 362 8 12 13 9 14 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 BRISBANE SURROUNDS HOUSE SALES (p) <$350,000 $350,000+ $500,000+ $1m+ INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 74 99 98 113 115 364 353 406 443 517 324 293 302 341 418 48 48 54 60 65 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 GOLD COAST HOUSE SALES (p) <$350,000 $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 131 103 114 113 101 298 269 271 353 394 176 186 189 219 278 24 19 27 26 33 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 SUNSHINE COAST HOUSE SALES (p) <$350,000 $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. DEC MAR JUN SEP DEC (p) Prelim Source: R DEC MAR JUN SEP DEC (p) Prelim Source: R DEC MAR JUN SEP DEC (p) Prelim Source: R DEC MAR JUN SEP DEC (p) Prelim Source: R 38 60 43 50 47 320 275 301 343 294 531 489 545 612 560 222 209 234 279 314 20 28 32 46 39 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 BRISBANE CITY UNIT SALES (p) <$250,000 $250,000+ $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 105 102 137 169 132 134 134 141 171 132 65 43 51 86 79 14 24 29 29 36 4 1 2 2 3 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 BRISBANE SURROUNDS UNIT SALES (p) <$250,000 $250,000+ $350,000+ $500,000+ $1m+ INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 133 216 179 236 204 303 329 334 375 380 185 231 252 306 292 116 169 187 191 192 20 45 42 44 57 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 GOLD COAST UNIT SALES (p) <$250,000 $250,000+ $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 56 100 78 92 74 150 136 135 152 187 88 112 100 95 132 59 68 49 62 79 11 12 8 10 12 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 SUNSHINE COAST UNIT SALES (p) <$250,000 $250,000+ $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. DEC MAR JUN SEP DEC (p) Preli Source: DEC MAR JUN SEP DEC (p) Prelim Source: R DE MA JU SE DE (p) Pre Source DEC MAR JUN SEP DEC (p) Pre Source 287   256   237   329   220   50   42   31   45   49   8   16   12   11   14   5   5   6   4   7    DEC  12    MAR  13    JUN  13    SEP  13    DEC  13   BRISBANE  SURROUNDS  LAND  SALES  (p)   <$250,000   $250,000+   $350,000+   $500,000+   Includes  IPSWICH,  LOGAN,  MORETON  BAY  &  REDLAND   (p)  Preliminary.  See  explanatory  notes  for  further  informaKon.   Source:  REIQ,  data  provided  by  RP  Data.   45   31   35   37   16   45   49   26   27   32   29   40   34   37   28   12   8   6   7   10    DEC  12    MAR  13    JUN  13    SEP  13    DEC  13   BRISBANE  CITY  LAND  SALES  (p)   <$250,000   $250,000+   $350,000+   $500,000+   (p)  Preliminary.  See  explanatory  notes  for  further  informaKon.   Source:  REIQ,  data  provided  by  RP  Data.    D  M  J    D (p)  Pre Sourc  D  M  J    D (p)  Pre Source    M       (p)  Pr Sourc 51   52   41   40   45   16   6   11   15   24   7   8   5   5   3   13   5   7   8   6    DEC  12    MAR  13    JUN  13    SEP  13    DEC  13   GOLD  COAST  LAND  SALES  (p)   <$250,000   $250,000+   $350,000+   $500,000+   (p)  Preliminary.  See  explanatory  notes  for  further  informaKon.   Source:  REIQ,  data  provided  by  RP  Data.   40   21   12   4    DEC  13   SUNSHINE  COAST  LAND  SALES  (p)   <$250,000   $250,000+   $350,000+   $500,000+     BRISBANE CITY SALES MARKETS Over the December quarter, the Brisbane median house price increased 6 per cent to $562,000 – the third best performer over the quarter. Contributing to this healthy increase in its median was a shift in the composition of sales over the quarter. Compared to the September quarter, house sales numbers in the $500,000 to $1 million price point were up about 20 per cent, while sales activity in the $1 million-plus price point was up about 15 per cent. Recovery in prestige property sales numbers is typically an indicator that confidence is returning to the property market. The top three suburbs to record the most property sales in excess of $1 million over the December quarter included Paddington, New Farm and Indooroopilly, all city fringe suburbs. Further evidence of increased activity at the top end was the higher number of Brisbane suburbs to record an increase in excess of 15 per cent in its median house price over the quarter. Of the 15 suburbs to record an increase, the majority had a median over $650,000. Other market indicators signalling continued improving confidence is the time properties are spending on the market and the amount which vendors are negotiating. The most recent figures show that in Brisbane, the average time it takes to sell a house has reduced to 74 days, down from 87 a year ago with average discounting from list prices sitting at about 6 per cent compared to 7 per cent over the same period. In the unit and townhouse market, average days on market has also improved to 85, down from 96, while average vendor discounting is just 5 per cent. The Brisbane unit and townhouse price increased 2 per cent over the quarter to $408,000 and posted 1.5 per cent growth over the year. There was a jump in sales in the prestige unit market with sales between $500,000 and $1 million increasing by 13 per cent over the period. Demand for these top-end properties are reflected in the spike in median price in suburbs such as Hamilton and Kangaroo Point which have been impacted by the sale of higher priced units, many with river-views. The Brisbane CBD also recorded one of the highest increases in sales activity, nudging back up over 100 preliminary sales numbers for the quarter, as well as posting a steady 2.2 per cent increase in its median. RENTAL MARKET In the Brisbane City local government area, the vacancy rate as at the end of December was 3.2 per cent, up from 2.3 per cent at the end of September. Local agents report higher than usual vacancies for this time of year as tenants are either relocating for work or purchasing their own property. Across Brisbane the results are varied. Inner Brisbane, suburbs within 5km of the CBD, recorded the highest increase, up 1.7 percentage points to 4.1 per cent. For Brisbane suburbs beyond 5km, the vacancy rate eased just 0.6 percentage points to 2.8 per cent. Over the December quarter, median weekly rents remained relatively steady for two bedroom units and three bedroom townhouses, while three bedroom houses recorded an increase of $10 to $410 per week compared to the previous quarter. 6 QUEENSLAND MARKET MONITOR BRISBANE MARKET UPDATES
  • 7. 7DECEMBER QUARTER 2013 BRISBANE MARKET UPDATES JAMBOREE HEIGHTS 12 $445,000 12.7% $422,700 9.5% 1.4% JINDALEE ~ 16 $540,000 27.1% $468,000 3.5% 6.4% KANGAROO POINT 7 N/A N/A $652,500 5.9% -2.6% KARANA DOWNS 6 N/A N/A $385,000 0.9% 3.7% KARANA DOWNS ^ 6 N/A N/A $451,500 -0.8% 0.9% KEDRON 32 $611,520 8.2% $557,500 10.3% 9.9% KELVIN GROVE 9 N/A N/A $650,000 0.8% 5.8% KENMORE 27 $600,000 7.1% $562,000 6.0% 14.1% KEPERRA 22 $424,000 -0.4% $415,000 2.5% 1.5% KURABY 20 $589,500 5.7% $548,000 2.9% 3.2% LOTA 15 $535,500 N/A $515,000 7.3% 4.0% MACGREGOR ~ 16 $578,000 -1.2% $585,000 15.2% 19.4% MACKENZIE 5 N/A N/A $630,000 N/A N/A MANLY ~ 11 $633,000 -8.0% $575,000 -8.0% -14.2% MANLY WEST 38 $465,000 1.1% $473,000 2.9% -1.5% MANSFIELD 20 $562,500 10.3% $499,333 5.7% 10.5% MCDOWALL 17 $530,500 1.0% $555,000 4.7% 12.9% MIDDLE PARK 10 $505,500 -2.5% $495,500 2.2% 1.1% MITCHELTON ~ 18 $479,750 -9.4% $500,500 0.1% 8.8% MOGGILL ~ 12 $500,000 -5.7% $492,500 2.6% 8.1% MOOROOKA 20 $529,250 9.1% $515,000 7.3% 11.8% MORNINGSIDE ~ 28 $620,500 15.1% $580,000 1.0% 9.2% MOUNT GRAVATT 13 $635,000 N/A $510,000 8.5% 7.6% MOUNT GRAVATT EAST 39 $535,000 3.9% $485,000 5.4% 7.8% MOUNT OMMANEY 9 N/A N/A $667,500 -5.0% N/A MURARRIE ~ * 11 $501,500 20.8% $465,000 -8.7% -5.3% NEW FARM ~ 24 $1,192,500 2.6% $1,167,500 20.1% 19.7% NEWMARKET ~ 16 $690,000 -9.1% $690,000 6.6% 11.3% NORMAN PARK ~ 22 $850,000 14.9% $680,000 5.0% 3.2% NORTHGATE ~ 19 $530,000 N/A $545,000 21.7% 19.8% NUDGEE ~ 7 N/A N/A $462,500 -11.1% 2.5% NUNDAH ~ 28 $623,000 13.9% $570,000 -0.5% 10.5% OXLEY 22 $440,000 -4.3% $450,000 8.4% 4.9% PADDINGTON ~ 25 $918,750 22.9% $815,000 7.7% 12.0% PARKINSON 34 $565,000 13.0% $525,000 5.6% 11.7% PULLENVALE ^ ~ 8 N/A N/A $945,000 -3.1% -14.1% RED HILL 18 $752,500 13.1% $665,125 1.0% 2.3% RIVERHILLS ~ 16 $423,000 -7.6% $415,500 -0.8% 5.2% ROBERTSON 6 N/A N/A $670,000 3.1% 8.1% ROCKLEA 4 N/A N/A $305,000 4.5% -10.4% RUNCORN 41 $447,750 0.4% $439,000 2.3% 9.8% SALISBURY 15 $499,500 10.3% $450,000 4.7% 11.7% SANDGATE 11 $554,000 10.6% $510,000 -1.9% 9.7% SEVEN HILLS 8 N/A N/A $626,500 10.8% 16.4% SEVENTEEN MILE ROCKS ~ 14 $656,500 38.2% $484,500 -8.2% 3.7% SHERWOOD ~ 10 $605,000 -16.6% $700,000 5.3% 2.0% SHORNCLIFFE 4 N/A N/A $647,000 12.5% 7.8% SINNAMON PARK ~ 23 $596,000 13.5% $560,000 -1.8% -2.9% ST LUCIA ~ 11 $799,000 -27.4% $896,500 -0.7% 2.8% STAFFORD 23 $516,250 11.0% $475,000 8.9% 3.7% STAFFORD HEIGHTS 26 $518,000 5.1% $467,500 7.5% 8.5% STRETTON ~ 10 $774,500 17.3% $655,750 -1.4% 5.1% SUNNYBANK ~ 24 $587,000 -5.3% $545,000 6.2% 9.0% SUNNYBANK HILLS ~ 48 $575,500 20.5% $499,000 4.0% 16.0% TAIGUM 12 $426,000 N/A $429,000 4.0% 4.6% TARINGA ~ 14 $782,500 15.9% $745,000 3.4% 0.5% TARRAGINDI 31 $613,750 0.0% $572,000 5.9% 11.4% THE GAP 51 $560,000 0.0% $560,000 5.7% 9.8% TINGALPA 20 $450,000 1.7% $440,000 4.3% 8.0% TOOWONG 13 $700,000 6.4% $700,000 7.7% -1.4% UPPER KEDRON 4 N/A N/A $537,000 2.3% 6.9% UPPER MOUNT GRAVATT 26 $500,100 4.2% $481,063 6.9% 13.2% VIRGINIA 9 N/A N/A $432,500 2.1% 4.2% WAKERLEY 35 $643,750 1.0% $650,000 6.6% 8.3% WAVELL HEIGHTS 34 $495,000 -2.0% $516,250 0.7% 10.4% BRISBANE CITY (LGA) 2869 $562,000 6.0% $535,000 4.9% 10.3% BRISBANE CITY (LGA) ^ ~ 72 $872,750 -5.6% $865,000 -1.7% -7.0% ACACIA RIDGE 15 $313,000 -2.2% $306,000 0.3% -6.4% ALBION 8 N/A N/A $674,500 N/A N/A ALDERLEY 19 $620,000 3.3% $628,000 -1.6% 10.2% ALGESTER ~ 22 $396,750 -6.3% $416,000 4.7% 8.5% ANNERLEY ~ 23 $612,000 14.4% $551,050 4.0% 2.0% ASCOT ~ 15 $1,400,000 24.4% $985,000 6.2% -19.3% ASHGROVE 33 $765,000 -0.6% $761,000 12.0% 17.1% ASPLEY 35 $483,750 -3.6% $480,000 -1.0% 10.1% AUCHENFLOWER ~ 11 $785,000 N/A $780,000 -6.6% 8.3% BALD HILLS 18 $380,000 5.3% $362,750 1.5% -2.0% BALMORAL ~ 13 $830,000 -30.8% $830,000 6.1% 6.9% BANYO 18 $427,500 1.8% $417,750 7.9% 7.1% BARDON ~ 30 $700,000 -8.7% $732,000 -3.0% -1.1% BELLBOWRIE 9 N/A N/A $432,500 6.8% -3.7% BELMONT 13 $582,500 4.0% $546,500 3.5% 6.1% BOONDALL 24 $415,000 0.7% $410,000 1.7% 1.9% BRACKEN RIDGE 59 $422,500 2.9% $410,000 0.6% 5.1% BRIDGEMAN DOWNS 17 $667,500 1.9% $665,000 6.4% 7.8% BRIGHTON 28 $415,500 2.3% $405,000 1.3% 1.5% BULIMBA ~ 21 $1,002,500 26.5% $922,000 6.0% 2.4% CALAMVALE ~ 38 $539,000 13.5% $518,000 4.0% 7.9% CAMP HILL ~ 48 $740,000 -2.1% $675,000 13.4% 16.4% CANNON HILL 20 $635,000 5.7% $575,000 4.5% 17.5% CARINA 27 $560,500 10.0% $508,500 3.8% 10.5% CARINA HEIGHTS ~ 11 $522,380 -8.4% $524,000 3.5% 12.2% CARINDALE 28 $675,000 -0.9% $668,000 4.0% 7.7% CARSELDINE 17 $500,000 1.6% $510,000 3.0% 2.6% CHAPEL HILL ~ 30 $710,000 16.4% $630,000 5.3% 4.7% CHELMER ~ 15 $817,500 N/A $827,500 -6.0% 8.5% CHERMSIDE 19 $459,500 1.0% $456,500 3.5% 3.8% CHERMSIDE WEST 18 $470,000 10.9% $438,000 0.7% 1.9% CLAYFIELD ~ 29 $825,250 -8.3% $810,000 1.2% -6.4% COOPERS PLAINS ~ 12 $503,750 12.8% $465,000 16.3% 14.8% COORPAROO 46 $697,500 -0.4% $650,000 7.3% 8.3% CORINDA ~ 13 $655,000 32.6% $532,500 -3.2% 2.9% DARRA 5 N/A N/A $315,000 -1.3% -1.6% DEAGON 9 N/A N/A $370,000 0.7% 1.6% DOOLANDELLA * 8 N/A N/A $412,500 16.1% 16.5% DREWVALE ~ 10 $417,500 -9.0% $464,000 0.9% 6.7% DURACK 12 $374,500 8.7% $326,803 0.6% -3.9% EAST BRISBANE 12 $658,750 5.4% $640,000 0.0% -0.6% EIGHT MILE PLAINS 38 $609,000 5.0% $592,500 5.8% 14.5% ENOGGERA ~ 19 $543,750 N/A $521,000 -6.1% -2.2% EVERTON PARK ~ 24 $500,000 13.5% $481,300 9.1% 9.1% FAIRFIELD 10 $562,500 N/A $565,000 8.9% -5.8% FERNY GROVE 12 $542,500 0.5% $511,500 7.5% 12.7% FIG TREE POCKET ~ 14 $655,000 N/A $690,000 -8.0% -6.5% FITZGIBBON 13 $393,750 N/A $387,000 4.2% -6.9% FOREST LAKE 100 $391,000 1.6% $382,375 2.0% 0.6% GAYTHORNE 7 N/A N/A $545,000 3.8% -4.4% GEEBUNG 15 $447,000 4.6% $425,000 3.7% 3.7% GORDON PARK 14 $648,000 -0.3% $625,000 5.9% 5.0% GRACEVILLE ~ 18 $605,000 -16.9% $745,000 14.2% 7.6% GRANGE 17 $705,000 -0.1% $672,000 2.2% 10.7% GREENSLOPES 18 $612,500 4.4% $587,000 3.2% 9.7% HAMILTON ~ 8 N/A N/A $951,250 -29.9% -20.7% HAWTHORNE ~ 21 $755,000 -24.5% $907,500 20.6% 19.9% HEATHWOOD 7 N/A N/A $571,000 10.9% 7.2% HEMMANT 12 $355,000 N/A $385,000 -0.1% -1.9% HENDRA ~ 29 $680,000 -12.8% $735,000 13.1% 12.9% HIGHGATE HILL ~ 15 $850,000 25.5% $770,000 2.9% -2.5% HOLLAND PARK 30 $560,000 4.7% $530,000 2.9% 3.3% HOLLAND PARK WEST ~ 18 $565,250 -7.9% $571,000 5.9% 13.1% INALA 30 $281,200 1.3% $280,000 2.6% -5.1% INDOOROOPILLY ~ 33 $835,000 23.2% $702,500 0.4% 8.9% SALES MARKET - HOUSES (CONT’D) SUBURB NUMBER OF SALES DEC13 MEDIAN SALE DEC13 QTRLY CHANGE MEDIAN SALE 12MTHS DEC13 1YR CHANGE 5YR CHANGE SALES MARKET - HOUSES SUBURB NUMBER OF SALES DEC13 MEDIAN SALE DEC13 QTRLY CHANGE MEDIAN SALE 12MTHS DEC13 1YR CHANGE 5YR CHANGE
  • 8. Direct Connect makes moving easy for your customers by arranging their utility connections and other moving solutions. We invite you to experience the difference with us today. CALL US ON 1300 664 715 or visit agents.directconnect.com.au 8 QUEENSLAND MARKET MONITOR BRISBANE MARKET UPDATES WEST END 5 N/A N/A $845,000 12.7% 7.3% WESTLAKE 17 $620,000 N/A $625,000 9.1% 7.8% WILSTON ~ 14 $737,500 -17.6% $792,000 -13.0% 6.3% WINDSOR 27 $660,000 -4.7% $630,000 -3.1% -5.3% WISHART 22 $529,000 1.5% $530,000 5.3% 9.3% WOOLLOONGABBA ~ 11 $750,000 41.5% $580,000 -0.9% -2.1% WOOLOOWIN ~ 23 $795,000 14.4% $735,000 8.9% 11.8% WYNNUM ~ 44 $464,500 -14.0% $495,000 0.0% -2.9% WYNNUM WEST ~ 25 $420,000 -5.9% $420,000 0.0% -3.4% YERONGA 14 $689,250 8.6% $635,000 4.1% 1.6% ZILLMERE 18 $373,000 -1.8% $370,000 3.6% 1.1% SALES MARKET - HOUSES (CONT’D) SUBURB NUMBER OF SALES DEC13 MEDIAN SALE DEC13 QTRLY CHANGE MEDIAN SALE 12MTHS DEC13 1YR CHANGE 5YR CHANGE SALES MARKET - UNITS & TOWNHOUSES (CONT’D) SUBURB NUMBER OF SALES DEC13 MEDIAN SALE DEC13 QTRLY CHANGE MEDIAN SALE 12MTHS DEC13 1YR CHANGE 5YR CHANGE BRISBANE CITY (LGA) 1353 $408,000 2.0% $406,000 1.5% 5.5% ALBION 5 N/A N/A $447,500 6.5% 20.9% ALDERLEY ~ 11 $382,750 -14.8% $420,000 7.7% 16.7% ANNERLEY 24 $365,000 7.5% $380,000 0.6% 7.0% ASCOT 10 $384,750 1.9% $378,250 -1.6% -3.6% ASHGROVE 9 N/A N/A $399,000 6.8% 10.1% AUCHENFLOWER 17 $467,500 2.7% $473,500 7.6% 7.4% BALD HILLS 3 N/A N/A $354,000 0.0% N/A BALMORAL 6 N/A N/A $510,000 1.9% 24.1% BOWEN HILLS * 23 $452,500 11.2% $403,500 -1.3% -3.9% BRIGHTON 4 N/A N/A $412,500 N/A N/A BRISBANE CITY 107 $465,000 2.2% $460,000 0.0% 1.3% BULIMBA ~ f 19 $612,000 16.6% $562,500 -0.4% 14.9% CALAMVALE 8 N/A N/A $365,900 -3.2% 4.6% CAMP HILL ~ 5 N/A N/A $426,000 -5.3% N/A CARINA 20 $420,000 -4.5% $410,000 4.5% 6.1% CARINA HEIGHTS 15 $412,000 -3.1% $425,000 -1.8% -0.5% CARSELDINE ~ t 9 N/A N/A $349,000 -9.4% N/A CHERMSIDE 24 $375,000 -4.5% $393,750 7.7% -2.9% CLAYFIELD 32 $387,500 5.3% $369,500 3.4% 4.1% COOPERS PLAINS 1 N/A N/A $416,660 N/A N/A COORPAROO 40 $373,000 -0.9% $370,500 1.5% 4.4% CORINDA 6 N/A N/A $365,000 N/A -3.5% DURACK 2 N/A N/A $350,000 -0.6% N/A DUTTON PARK 17 $503,000 N/A $502,000 N/A N/A EAST BRISBANE 6 N/A N/A $419,000 -2.1% 23.6% EIGHT MILE PLAINS 14 $385,000 5.4% $370,000 0.0% 1.4% ELLEN GROVE 5 N/A N/A $346,000 N/A N/A EVERTON PARK ~ 12 $360,500 -6.4% $385,000 -9.7% 12.0% FORTITUDE VALLEY 39 $412,500 -1.3% $406,000 -1.0% 9.3% GAYTHORNE 7 N/A N/A $410,000 8.3% 13.9% GORDON PARK 5 N/A N/A $352,500 2.2% 1.6% GREENSLOPES ~ 18 $355,500 8.1% $336,500 1.7% -7.0% HAMILTON ~ f 32 $525,000 22.8% $517,250 8.7% 15.1% HAWTHORNE 6 N/A N/A $475,000 6.7% 12.0% HIGHGATE HILL ~ * 10 $573,000 30.2% $554,500 27.9% 26.7% HOLLAND PARK WEST 5 N/A N/A $396,250 N/A N/A INDOOROOPILLY ~ 16 $410,000 -10.7% $425,000 4.9% 3.8% KANGAROO POINT ~ f 42 $502,500 27.9% $480,000 2.1% 7.9% KEDRON ~ 11 $367,500 N/A $336,500 -10.7% 2.7% KELVIN GROVE 19 $500,000 3.1% $506,000 6.1% 17.7% KURABY 4 N/A N/A $285,000 N/A -1.7% LUTWYCHE * 6 N/A N/A $439,500 -1.5% 27.0% MANLY WEST ~ 8 N/A N/A $345,000 -4.6% -13.6% MCDOWALL 2 N/A N/A $399,000 N/A N/A MITCHELTON 6 N/A N/A $359,584 N/A N/A MOOROOKA ~ 17 $365,000 -11.8% $378,000 3.6% 11.2% MORNINGSIDE ~ 26 $412,500 -6.9% $437,150 0.5% 2.7% MOUNT GRAVATT EAST 6 N/A N/A $415,000 9.2% 18.9% NEW FARM 49 $541,000 5.0% $505,000 5.2% 4.7% NEWMARKET 9 N/A N/A $400,500 -1.1% 2.4% NEWSTEAD ~ 34 $589,500 4.4% $630,000 12.8% 9.1% NORMAN PARK 5 N/A N/A $461,500 3.0% N/A NORTHGATE ~ 6 N/A N/A $330,000 -20.7% -2.4% NUNDAH ~ * 47 $410,000 17.1% $392,000 7.0% 12.5% PADDINGTON ~ 12 $421,500 -12.2% $515,000 16.3% 19.8% RICHLANDS 6 N/A N/A $334,000 -0.6% N/A ROCHEDALE 8 N/A N/A $395,000 3.3% N/A RUNCORN 10 $315,000 0.0% $325,500 4.0% 1.6% SHERWOOD 7 N/A N/A $411,500 -2.8% -1.4% SOUTH BRISBANE ~ f 23 $485,000 15.8% $444,500 -0.7% 4.7% SPRING HILL 25 $381,500 0.4% $385,000 5.5% 2.7% ST LUCIA ~ 43 $449,000 -8.4% $467,900 -1.5% 4.0% STAFFORD 5 N/A N/A $400,000 2.8% 16.8% SUNNYBANK HILLS ~ 9 N/A N/A $321,750 -6.7% 2.1% TAIGUM ~ t 10 $290,000 N/A $297,500 -0.8% -10.0% TARINGA 27 $388,500 -2.3% $400,000 0.3% 2.6% TENNYSON 6 N/A N/A $835,000 N/A N/A TOOWONG ~ 32 $415,000 8.6% $428,500 2.0% 5.8% UPPER MOUNT GRAVATT 5 N/A N/A $358,000 -2.3% -3.0% WACOL 1 N/A N/A $342,000 N/A N/A WAKERLEY 5 N/A N/A $410,000 -2.4% 2.5% WEST END ~ * 24 $515,000 -2.1% $515,000 -1.2% -10.8% WINDSOR * 20 $475,000 16.7% $455,000 19.7% 31.9% WISHART 4 N/A N/A $356,500 4.9% 3.5% WOOLLOONGABBA ~ * 8 N/A N/A $410,750 -3.0% -7.2% WOOLOOWIN 3 N/A N/A $352,500 2.2% 14.4% WYNNUM 3 N/A N/A $365,000 -2.1% 2.7% WYNNUM WEST * t 15 $375,000 N/A $369,000 29.5% 17.1% YERONGA ~ 10 $363,500 -13.5% $408,000 -0.5% 6.7% ZILLMERE ~ 13 $263,500 -25.8% $340,000 -6.8% 5.4% SALES MARKET - UNITS & TOWNHOUSES
  • 9. 9DECEMBER QUARTER 2013 BRISBANE MARKET UPDATES 4113 EIGHT MILE PLAINS $390 39 $385 43 4115 ALGESTER $380 24 $365 23 4116 CALAMVALE $390 19 $395 22 SOUTH EAST - INNER $460 260 $450 259 4151 COORPAROO $450 27 $445 45 4152 CAMP HILL $450 91 $440 105 4170 CANNON HILL $450 79 $450 66 4171 BALMORAL $550 49 $500 32 4172 MURARRIE $450 14 $375 11 SOUTH EAST - OUTER $420 44 $410 53 4153 BELMONT $445 6 $420 9 4154 GUMDALE $520 8 $530 6 4173 TINGALPA $410 21 $390 29 4174 HEMANT $385 5 $430 6 SOUTH WEST - INNER $440 110 $435 115 4068 CHELMER $490 47 $475 43 4075 CORINDA $400 63 $400 72 SOUTH WEST - OUTER $360 326 $355 346 4069 BROOKFIELD $430 50 $430 48 4070 ANSTEAD $410 6 $395 13 4073 SEVENTEEN MILE ROCKS $395 10 $415 12 4074 JINDALEE $380 60 $380 70 4076 DARRA $330 33 $330 37 4077 DOOLANDELLA $315 70 $300 61 4078 FOREST LAKE $350 97 $350 105 BRISBANE CITY $410 2779 $400 2661 BAYSIDE $405 119 $400 138 4178 WYNNUM $405 70 $390 91 4179 MANLY $410 49 $415 47 CITY INNER $550 224 $550 213 4000 BRISBANE CITY $550 18 $600 18 4005 NEW FARM $770 15 $659 15 4006 BOWEN HILLS $475 9 $480 16 4064 PADDINGTON $580 49 $550 50 4066 TOOWONG $495 39 $485 36 4067 ST LUCIA $525 11 $580 5 4101 WEST END $595 24 $590 33 4102 WOOLOONGABBA $495 21 $499 12 4169 EAST BRISBANE $520 38 $525 27 NORTH - INNER $470 299 $450 287 4007 ASCOT $565 27 $550 19 4010 ALBION $625 5 $500 7 4011 CLAYFIELD $525 39 $465 38 4012 NUNDAH $450 52 $410 51 4030 LUTWYCHE $460 54 $480 51 4031 GORDON PARK $450 37 $420 45 4051 ALDERLEY $460 85 $445 75 NORTH - OUTER $385 400 $380 362 4013 NORTHGATE $395 20 $385 8 4014 VIRGINIA $400 34 $400 34 4017 BRACKEN RIDGE $370 112 $370 110 4018 FITZGIBBON $395 36 $375 32 4032 CHERMSIDE $395 59 $385 48 4034 ASPLEY $380 127 $390 112 4036 BALD HILLS $360 12 $360 18 NORTH WEST - INNER $495 123 $540 96 4059 KELVIN GROVE $500 54 $550 39 4060 ASHGROVE $510 43 $520 29 4065 BARDON $460 26 $570 28 NORTH WEST - OUTER $410 224 $400 229 4053 STAFFORD $400 136 $395 140 4054 ARANA HILLS $400 53 $400 55 4061 THE GAP $450 35 $450 34 SOUTH - INNER $420 356 $400 288 4103 ANNERLEY $440 40 $430 24 4104 YERONGA $450 17 $440 15 4105 MOOROOKA $410 44 $400 40 4120 GREENSLOPES $450 35 $430 19 4121 HOLLAND PARK $425 87 $420 80 4122 MANSFIELD $400 131 $390 109 SOUTH - OUTER $375 294 $370 275 4106 ROCKLEA $350 18 $360 9 4107 SALISBURY $370 22 $370 20 4108 COOPERS PLAINS $365 26 $360 21 4109 MACGREGOR $390 80 $385 83 4110 ACACIA RIDGE $350 53 $350 48 4112 KURABY $350 13 $340 6 BRISBANE CITY (LGA) 86 $334,500 5.4% $298,000 2.8% 7.2% BRISBANE CITY (LGA) ^ ~ 2 N/A N/A $945,000 24.2% 60.9% BRIDGEMAN DOWNS 6 N/A N/A $355,000 1.4% 11.1% CARINDALE 2 N/A N/A $510,000 N/A N/A CARSELDINE ~ * 1 N/A N/A $352,500 13.7% 33.8% DOOLANDELLA 7 N/A N/A $242,000 5.4% 3.0% DURACK 1 N/A N/A $245,000 4.3% N/A FITZGIBBON ~ * G 8 N/A N/A $147,000 -23.4% N/A MOGGILL 1 N/A N/A $235,000 -4.1% -2.1% OXLEY 2 N/A N/A $283,750 N/A N/A ROCHEDALE ~ * 13 $413,000 5.4% $389,500 14.6% N/A UPPER KEDRON 5 N/A N/A $295,000 N/A 10.9% BRISBANE CITY $395 3992 $390 3638 BAYSIDE $330 48 $330 58 4178 WYNNUM $330 36 $335 39 4179 MANLY $320 12 $320 19 CITY INNER $490 1567 $482 1468 4000 BRISBANE CITY $580 251 $580 269 4005 NEW FARM $510 270 $500 243 4006 BOWEN HILLS $490 241 $495 232 4064 PADDINGTON $400 50 $400 44 4066 TOOWONG $400 197 $400 160 4067 ST LUCIA $380 74 $400 88 4101 WEST END $510 238 $500 211 4102 WOOLOONGABBA $470 81 $480 50 4169 EAST BRISBANE $495 163 $480 171 NORTH - INNER $360 840 $350 713 4007 ASCOT $420 146 $375 125 4010 ALBION $380 42 $370 28 4011 CLAYFIELD $350 155 $350 125 4012 NUNDAH $365 180 $350 155 4030 LUTWYCHE $350 135 $330 98 4031 GORDON PARK $330 69 $340 72 4051 ALDERLEY $350 113 $360 110 NORTH - OUTER $350 256 $345 206 4013 NORTHGATE $300 18 $300 18 4017 BRACKEN RIDGE $285 18 $320 12 4018 FITZGIBBON $330 14 $250 10 4032 CHERMSIDE $385 120 $360 115 4034 ASPLEY $350 83 $350 49 NORTH WEST - INNER $400 176 $370 118 4059 KELVIN GROVE $420 111 $390 74 4060 ASHGROVE $390 57 $345 39 4065 BARDON $305 8 $275 5 NORTH WEST - OUTER $385 83 $360 73 4053 STAFFORD $385 83 $360 71 SOUTH - INNER $350 372 $350 358 4103 ANNERLEY $350 85 $330 97 4104 YERONGA $340 30 $350 26 4105 MOOROOKA $330 67 $325 43 4120 GREENSLOPES $350 90 $350 82 4121 HOLLAND PARK $325 43 $350 31 4122 MANSFIELD $385 57 $390 73 RENTAL MARKET - 3 BED HOUSES (CONT’D) DEC-13 DEC-12 POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS RENTAL MARKET - 3 BED HOUSES DEC-13 DEC-12 POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS SALES MARKET - VACANT URBAN LAND SUBURB NUMBER OF SALES DEC13 MEDIAN SALE DEC13 QTRLY CHANGE MEDIAN SALE 12MTHS DEC13 1YR CHANGE 5YR CHANGE RENTAL MARKET - 2 BED UNITS
  • 10. "Recovery in prestige property sales numbers is typically an indicator that confidence is returning to the property market." 10 QUEENSLAND MARKET MONITOR BRISBANE MARKET UPDATES BRISBANE CITY $405 1531 $400 1490 BAYSIDE $390 91 $390 88 4178 WYNNUM $390 49 $390 41 4179 MANLY $385 42 $410 47 CITY INNER $600 56 $625 60 4005 NEW FARM $720 8 $730 7 4006 BOWEN HILLS $510 9 $620 9 4064 PADDINGTON $600 8 $650 10 4066 TOOWONG $580 11 $520 9 4067 ST LUCIA $595 7 $630 5 4101 WEST END $600 6 $650 7 NORTH - INNER $495 127 $475 90 4007 ASCOT $520 16 $600 11 4011 CLAYFIELD $580 22 $520 14 4012 NUNDAH $465 18 $430 17 4030 LUTWYCHE $500 5 $440 7 4031 GORDON PARK $445 14 $470 9 4051 ALDERLEY $490 48 $470 31 NORTH - OUTER $380 176 $375 180 4013 NORTHGATE $430 12 $400 10 4017 BRACKEN RIDGE $365 56 $365 41 4018 FITZGIBBON $360 24 $365 26 4032 CHERMSIDE $430 19 $450 32 4034 ASPLEY $390 53 $380 40 4036 BALD HILLS $350 12 $340 31 NORTH WEST - INNER $490 14 $550 7 4059 KELVIN GROVE $480 6 N.A. 2 4060 ASHGROVE $490 7 N.A. 4 NORTH WEST - OUTER $420 62 $415 62 4053 STAFFORD $420 52 $415 41 4054 ARANA HILLS $365 6 $385 18 SOUTH - INNER $430 161 $425 146 4103 ANNERLEY $480 31 $480 35 4104 YERONGA $440 12 $450 9 4105 MOOROOKA $445 17 $420 19 4120 GREENSLOPES $440 17 $520 20 4121 HOLLAND PARK $440 16 $430 12 4122 MANSFIELD $420 68 $410 51 SOUTH - OUTER $390 334 $380 362 4107 SALISBURY $480 5 $480 8 4109 MACGREGOR $400 59 $400 57 4110 ACACIA RIDGE $350 5 $340 8 4112 KURABY $370 13 $370 20 4113 EIGHT MILE PLAINS $400 139 $395 126 4115 ALGESTER $375 38 $360 31 SOUTH - OUTER $308 53 $320 50 4106 ROCKLEA $280 5 N.A. 2 4107 SALISBURY $308 9 $304 5 4108 COOPERS PLAINS $320 5 $390 7 4109 MACGREGOR $325 19 $360 22 4110 ACACIA RIDGE $280 5 N.A. 3 4113 EIGHT MILE PLAINS $430 5 N.A. 4 4115 ALGESTER $285 5 $280 7 SOUTH EAST - INNER $375 368 $365 353 4151 COORPAROO $350 155 $350 149 4152 CAMP HILL $360 40 $350 39 4170 CANNON HILL $390 86 $370 75 4171 BALMORAL $425 85 $400 89 SOUTH EAST - OUTER $300 6 $355 6 4173 TINGALPA $300 5 $360 5 SOUTH WEST - INNER $375 202 $380 216 4068 CHELMER $380 159 $390 174 4075 CORINDA $330 43 $360 42 SOUTH WEST - OUTER $330 21 $300 19 4069 BROOKFIELD $395 5 N.A. 2 4078 FOREST LAKE $325 12 $340 8 RENTAL MARKET - 2 BED UNITS (CONT’D) DEC-13 DEC-12 POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS RENTAL MARKET - 3 BED TOWNHOUSES (CONT’D) DEC-13 DEC-12 POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS 4116 CALAMVALE $380 73 $370 111 SOUTH EAST - INNER $485 189 $465 191 4151 COORPAROO $490 14 $470 12 4152 CAMP HILL $450 90 $445 96 4170 CANNON HILL $490 52 $465 44 4171 BALMORAL $575 23 $560 27 4172 MURARRIE $520 10 $500 12 SOUTH EAST - OUTER $405 63 $405 61 4153 BELMONT $430 6 N.A. 4 4154 GUMDALE $410 41 $405 38 4173 TINGALPA $380 16 $380 19 SOUTH WEST - INNER $410 71 $430 70 4068 CHELMER $510 14 $550 21 4075 CORINDA $400 57 $400 49 SOUTH WEST - OUTER $355 187 $360 173 4073 SEVENTEEN MILE ROCKS $410 17 $410 27 4074 JINDALEE $400 20 $380 28 4076 DARRA $350 5 N.A. 4 4077 DOOLANDELLA $340 118 $345 93 4078 FOREST LAKE $355 24 $350 14 RENTAL MARKET - 3 BED TOWNHOUSES
  • 11. GREATER BRISBANE 11DECEMBER QUARTER 2013 BRISBANE MARKET UPDATES SALES MARKET All four of Brisbane’s surrounding council areas posted median house price over the December quarter while also recording greater numbers of sales compared to the previous quarter. The top major region across Queensland over the period was Moreton Bay which posted median house price growth of 7.7 per cent to $387,750. The region is attractive for first home buyers and investors given its relative affordability and also has the lion’s share of new housing developments across the Brisbane area. Its numbers of preliminary house sales also increased by 8 per cent over the year. The Ipswich City council area recorded median house price growth of 4.4 per cent to $308,000 over the quarter. Its preliminary numbers of house sales was also up by 4 per cent compared to the historically more voluminous September quarter. Redland City posted a median house price increase of 3.5 per cent to $455,500 and 8 per cent more preliminary house sales over the quarter. Logan City recorded house growth of 3 per cent to $345,000 with preliminary house sales up more than 10 per cent over the year. Of all four major regions, Redland City now has the lowest days on market at 84 – down from 99 a year before. In Logan and Moreton Bay, the average discounting is now 6 per cent while in Redland City and Ipswich it is 7 per cent. When it comes to the unit and townhouse market, it was a mixed bag for the Greater Brisbane region but this is probably due to the size of the unit markets in each area. Logan’s median unit and townhouse price increased 5.7 per cent to $240,000 over the quarter but this was positively impacted by two new developments – one in Beenleigh and one in Browns Plains – which were sold over the period. Moreton Bay has the largest unit market in Greater Brisbane and recorded 184 preliminary sales over the December quarter. Its median and unit price posted a minimal reduction of 0.3 per cent to $299,000 over the period. Redland City’s median unit price grew by 3.4 per cent to $351,000 over the quarter but this was based on less than 70 preliminary sales. The smallest unit market is in Ipswich, which posted just 50 preliminary sales and recorded a median unit price fall of 7.8 per cent to $219,000 over the period due to the varying quality of stock sold. RENTAL MARKET For the surrounding Brisbane local government areas, rental markets still remain tight despite a slight easing in vacancy rates. All areas recorded vacancy rates under 2.5 per cent, with Redland City the only area to record an increase of more than one percentage points in its vacancy rate. Across the Greater Brisbane area, around 40 per cent of REIQ agents surveyed reported an increase in investor activity; however tenant demand remains strong in most areas, keeping vacancy rates at low levels. The increased investor activity was most notable in the Moreton Bay area. Median weekly rents across the Greater Brisbane area saw small increases for two bedroom units and three bedroom houses, with all regions posting increases of either $5 or $10 since September. Ipswich City continues to post the most affordable median weekly rents across all rental property types.
  • 12. 12 QUEENSLAND MARKET MONITOR BRISBANE MARKET UPDATES SLACKS CREEK 19 $272,500 0.0% $280,000 7.7% -7.3% SPRINGWOOD ~ 23 $472,500 15.2% $410,000 3.1% 3.2% TANAH MERAH 16 $406,250 N/A $367,750 -0.3% -1.9% UNDERWOOD 12 $428,000 -5.7% $457,000 1.4% 16.4% WATERFORD ~ 12 $350,000 N/A $337,000 -7.7% -9.4% WATERFORD WEST 13 $280,000 3.7% $277,500 -1.4% -10.5% WINDAROO * 5 N/A N/A $380,000 -9.2% -2.6% WOODRIDGE 29 $230,000 -3.2% $235,000 2.2% -11.3% MORETON BAY (LGA) ~ 1009 $387,750 7.7% $376,500 2.0% 1.8% MORETON BAY (LGA) ^ 146 $567,500 4.6% $550,000 1.9% -1.8% ALBANY CREEK ~ 50 $540,500 12.6% $495,000 4.7% 3.9% ARANA HILLS ~ 17 $480,000 10.3% $442,000 1.9% 1.6% BANKSIA BEACH ~ f 27 $432,500 -10.2% $454,000 -0.5% -6.9% BEACHMERE ~ f 9 N/A N/A $281,000 -10.1% -21.9% BELLARA 11 $299,000 -2.0% $310,000 2.5% -4.4% BELLMERE 13 $322,500 4.0% $316,000 -2.9% -8.4% BONGAREE 27 $395,000 7.1% $375,000 6.0% -1.3% BRAY PARK ~ 22 $370,000 13.1% $345,000 -0.3% -2.8% BURPENGARY ~ 24 $322,500 -5.1% $330,000 -2.6% -2.9% BURPENGARY ^ 10 $500,500 N/A $520,000 0.8% 0.0% BURPENGARY EAST ^ ~ 10 $567,500 32.7% $502,500 1.0% -4.8% CABOOLTURE 59 $282,500 -2.2% $278,000 -0.9% -7.3% CABOOLTURE ^ 9 N/A N/A $440,000 1.9% -2.2% CABOOLTURE SOUTH ~ 15 $287,500 27.8% $256,000 -2.2% -11.7% CASHMERE ^ 6 N/A N/A $581,058 13.9% 5.2% CASHMERE ~ 5 N/A N/A $672,550 N/A 1.1% CLONTARF 29 $365,000 9.0% $350,000 1.7% 0.0% DAKABIN 5 N/A N/A $408,750 N/A N/A DAYBORO 3 N/A N/A $376,000 N/A N/A DECEPTION BAY 55 $295,500 9.9% $281,500 -0.9% -11.2% EATONS HILL 21 $512,500 7.9% $520,000 6.1% 3.1% ELIMBAH ^ 5 N/A N/A $515,000 4.0% 8.4% EVERTON HILLS 15 $463,500 4.7% $458,000 2.9% 4.3% FERNY HILLS 30 $459,400 8.6% $450,000 2.3% 5.1% GRIFFIN 5 N/A N/A $412,450 5.4% 3.4% HIGHVALE ^ 5 N/A N/A $744,000 N/A 6.3% JOYNER 2 N/A N/A $483,500 2.9% 4.3% KALLANGUR 67 $321,500 1.9% $322,500 1.6% -4.4% KIPPA-RING ~ 28 $400,000 15.9% $350,000 0.1% 0.0% LAWNTON 13 $325,000 4.3% $320,000 -2.1% -1.5% MANGO HILL ~ 11 $410,000 -4.2% $426,000 0.9% -0.5% MARGATE 29 $370,000 4.2% $353,500 2.6% 1.3% MORAYFIELD 33 $310,000 3.3% $295,000 0.0% -9.2% MORAYFIELD ^ 13 $530,000 8.2% $500,000 3.6% -3.8% MURRUMBA DOWNS 22 $430,000 -2.3% $423,500 4.6% 3.5% NARANGBA 53 $430,500 9.1% $419,000 3.5% -0.2% NEWPORT ~ f 12 $587,000 -31.7% $695,000 -6.7% -13.0% NINGI ~ 11 $307,000 -12.0% $335,000 13.6% 14.1% NINGI ^ 9 N/A N/A $475,000 6.7% 0.6% NORTH LAKES 62 $445,000 7.4% $434,250 1.0% -3.5% PETRIE ~ 24 $419,000 16.4% $360,350 3.0% -2.6% REDCLIFFE ~ 38 $445,000 31.3% $352,000 3.5% -0.8% ROTHWELL 15 $350,800 -0.5% $355,000 2.3% -6.1% SAMFORD VALLEY ^ 4 N/A N/A $821,000 3.5% 6.8% SANDSTONE POINT 12 $365,000 -1.6% $372,000 2.6% -3.2% SCARBOROUGH ~ 32 $467,000 13.2% $427,500 7.1% 6.9% STRATHPINE 20 $350,000 6.1% $330,000 2.8% -2.9% UPPER CABOOLTURE 5 N/A N/A $319,900 5.6% -7.1% UPPER CABOOLTURE ^ 4 N/A N/A $500,000 N/A N/A WAMURAN ^ 5 N/A N/A $460,000 N/A -16.3% WARNER 27 $453,000 -1.5% $460,000 3.9% 4.5% WOODY POINT ~ 14 $447,750 24.2% $390,000 5.1% 9.6% WOORIM ~ 13 $411,500 10.0% $411,500 N/A 5.5% BRISBANE (SD) 5368 $465,000 5.2% $445,000 3.5% 7.9% BRISBANE (SD) ^ 391 $547,500 3.3% $546,000 3.0% -0.7% IPSWICH CITY (LGA) 457 $308,000 4.4% $300,000 1.5% -3.2% IPSWICH CITY (LGA) ^ ~ 29 $470,000 18.4% $445,000 2.3% 0.0% AUGUSTINE HEIGHTS 12 $448,750 N/A $498,500 -1.6% N/A BELLBIRD PARK * 8 N/A N/A $325,000 10.7% 3.2% BOOVAL 11 $260,000 -3.7% $260,000 -0.8% -10.3% BRASSALL ~ 18 $305,000 10.5% $308,000 1.0% -11.4% BUNDAMBA * 13 $270,000 4.0% $270,000 10.2% -1.8% CAMIRA 14 $335,000 1.1% $328,500 0.3% -2.8% CHURCHILL 5 N/A N/A $250,000 N/A -3.8% COLLINGWOOD PARK ~ 15 $282,000 -1.7% $289,250 -8.2% -11.5% EAST IPSWICH 6 N/A N/A $240,000 -1.2% -13.5% EASTERN HEIGHTS 10 $251,000 0.4% $249,500 -1.2% -6.7% FLINDERS VIEW ~ 20 $385,000 17.9% $330,000 0.3% -2.9% GOODNA ~ 20 $280,000 27.9% $275,000 5.9% -8.3% IPSWICH ~ 9 N/A N/A $277,500 -14.6% -15.1% KARALEE ^ 9 N/A N/A $493,000 3.8% 7.8% LEICHHARDT ~ 14 $213,750 N/A $199,250 -8.8% -20.1% NEWTOWN 4 N/A N/A $304,000 N/A -6.6% NORTH BOOVAL 3 N/A N/A $237,000 3.0% -12.2% NORTH IPSWICH ~ 14 $245,000 15.0% $225,000 -10.0% -22.6% ONE MILE 4 N/A N/A $225,500 1.3% -9.8% RACEVIEW 26 $288,800 0.5% $288,150 -2.2% -7.0% REDBANK PLAINS 38 $291,250 0.8% $285,000 2.2% -6.3% ROSEWOOD 4 N/A N/A $249,500 3.1% -0.6% SADLIERS CROSSING 6 N/A N/A $281,500 N/A -6.2% SILKSTONE ~ 19 $261,500 -9.5% $260,000 6.1% -5.6% SPRINGFIELD 24 $385,000 2.5% $377,000 1.9% 0.5% SPRINGFIELD LAKES 66 $390,000 2.9% $380,000 0.0% -2.4% WOODEND 6 N/A N/A $285,000 6.9% -7.0% YAMANTO 11 $336,000 5.2% $325,000 -5.8% -1.5% LOGAN CITY (LGA) 590 $345,000 3.0% $335,000 0.9% -0.9% LOGAN CITY (LGA) ^ 130 $505,000 6.3% $490,000 2.3% -3.0% BEENLEIGH ~ 19 $317,500 21.0% $279,500 -1.1% -14.9% BETHANIA 9 N/A N/A $285,000 -0.5% -9.5% BORONIA HEIGHTS 20 $309,000 6.6% $305,000 0.0% 0.5% BROWNS PLAINS 13 $299,000 -1.2% $307,500 5.7% -2.5% CEDAR GROVE ^ 10 $435,000 N/A $400,000 5.3% -2.4% CEDAR VALE ^ 10 $447,500 N/A $441,000 3.8% 5.3% CHAMBERS FLAT ^ 4 N/A N/A $484,750 N/A N/A CORNUBIA ~ 18 $410,000 -14.0% $451,250 -5.0% -1.3% CRESTMEAD ~ 27 $300,000 8.7% $277,000 0.4% -6.9% DAISY HILL 16 $387,500 4.0% $392,250 2.6% 6.0% EAGLEBY ~ 19 $245,500 7.0% $245,000 -6.1% -15.2% EDENS LANDING 15 $338,650 -1.8% $336,250 1.9% -6.6% FORESTDALE ^ 7 N/A N/A $624,000 -4.0% -4.0% GREENBANK ^ ~ 22 $487,500 -6.3% $520,000 9.0% -2.4% HERITAGE PARK ~ 13 $460,000 25.5% $374,000 -1.3% -1.6% HILLCREST 20 $315,000 -2.2% $315,000 -4.7% -3.7% JIMBOOMBA 7 N/A N/A $368,000 3.1% 2.8% JIMBOOMBA ^ 16 $475,000 N/A $442,700 -1.4% -0.5% KINGSTON 23 $260,000 1.2% $248,125 5.8% -11.1% LOGAN CENTRAL 21 $258,500 3.4% $245,000 2.5% -14.0% LOGAN VILLAGE ^ 6 N/A N/A $474,000 -1.3% -0.7% LOGANHOLME 18 $330,000 -5.2% $360,000 8.3% 4.3% LOGANLEA 5 N/A N/A $290,000 2.1% -6.1% MARSDEN 31 $315,000 -4.7% $310,000 5.0% -1.6% MEADOWBROOK 5 N/A N/A $346,650 -3.7% -7.6% MOUNT WARREN PARK ~ 21 $315,000 -7.5% $321,750 -5.3% -9.0% MUNRUBEN ^ 2 N/A N/A $492,500 5.1% -7.1% NEW BEITH ^ 6 N/A N/A $520,000 2.6% 5.2% REGENTS PARK 37 $356,500 -2.3% $355,000 4.4% -0.8% ROCHEDALE SOUTH ~ 57 $420,000 7.0% $410,200 5.3% 6.5% SHAILER PARK 31 $477,500 4.9% $453,750 3.1% 1.3% SALES MARKET - HOUSES SUBURB NUMBER OF SALES DEC13 MEDIAN SALE DEC13 QTRLY CHANGE MEDIAN SALE 12MTHS DEC13 1YR CHANGE 5YR CHANGE SALES MARKET - HOUSES (CONT’D) SUBURB NUMBER OF SALES DEC13 MEDIAN SALE DEC13 QTRLY CHANGE MEDIAN SALE 12MTHS DEC13 1YR CHANGE 5YR CHANGE
  • 13. 186 174 201 179 146 786 686 740 880 787 1025 910 1081 1280 1529 106 97 124 150 171 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 BRISBANE CITY HOUSE SALES (p) <$350,000 $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 902 832 844 1005 908 739 697 694 810 939 281 254 268 279 362 8 12 13 9 14 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 BRISBANE SURROUNDS HOUSE SALES (p) <$350,000 $350,000+ $500,000+ $1m+ INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 74 99 98 113 115 364 353 406 443 517 324 293 302 341 418 48 48 54 60 65 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 GOLD COAST HOUSE SALES (p) <$350,000 $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 131 103 114 113 101 298 269 271 353 394 176 186 189 219 278 24 19 27 26 33 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 SUNSHINE COAST HOUSE SALES (p) <$350,000 $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. DEC MAR JUN SEP DEC (p) Prelim Source: R DEC MAR JUN SEP DEC (p) Prelim Source: R DEC MAR JUN SEP DEC (p) Prelim Source: R DEC MAR JUN SEP DEC (p) Prelim Source: R 38 60 43 50 47 320 275 301 343 294 531 489 545 612 560 222 209 234 279 314 20 28 32 46 39 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 BRISBANE CITY UNIT SALES (p) <$250,000 $250,000+ $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 105 102 137 169 132 134 134 141 171 132 65 43 51 86 79 14 24 29 29 36 4 1 2 2 3 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 BRISBANE SURROUNDS UNIT SALES (p) <$250,000 $250,000+ $350,000+ $500,000+ $1m+ INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 133 216 179 236 204 303 329 334 375 380 185 231 252 306 292 116 169 187 191 192 20 45 42 44 57 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 GOLD COAST UNIT SALES (p) <$250,000 $250,000+ $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. SUNSHINE COAST UNIT SALES (p) DEC MAR JUN SEP DEC (p) Preli Source: DEC MAR JUN SEP DEC (p) Prelim Source: R DEC MAR JUN SEP DEC (p) Pre Source 287   256   237   329   220   50   42   31   45   49   8   16   12   11   14   5   5   6   4   7    DEC  12    MAR  13    JUN  13    SEP  13    DEC  13   BRISBANE  SURROUNDS  LAND  SALES  (p)   <$250,000   $250,000+   $350,000+   $500,000+   Includes  IPSWICH,  LOGAN,  MORETON  BAY  &  REDLAND   (p)  Preliminary.  See  explanatory  notes  for  further  informaKon.   Source:  REIQ,  data  provided  by  RP  Data.   45   31   35   37   16   45   49   26   27   32   29   40   34   37   28   12   8   6   7   10    DEC  12    MAR  13    JUN  13    SEP  13    DEC  13   BRISBANE  CITY  LAND  SALES  (p)   <$250,000   $250,000+   $350,000+   $500,000+   (p)  Preliminary.  See  explanatory  notes  for  further  informaKon.   Source:  REIQ,  data  provided  by  RP  Data.    M (p)  P Sourc    M     (p)  Pr Sourc GOLD  COAST  LAND  SALES  (p)   <$250,000   $250,000+   $350,000+   $500,000+   13DECEMBER QUARTER 2013 BRISBANE MARKET UPDATES REDCLIFFE ~ f 24 $312,500 2.0% $330,000 -20.2% -3.5% SCARBOROUGH 15 $387,000 -3.3% $370,000 1.4% -4.6% WOODY POINT 10 $310,000 N/A $330,000 -2.9% 5.6% REDLAND CITY (LGA) 69 $351,000 3.4% $339,000 2.7% 1.2% BIRKDALE 5 N/A N/A $352,500 N/A 11.9% CAPALABA 12 $270,000 1.9% $270,000 -4.3% -12.9% CLEVELAND ~ f 24 $420,000 8.6% $361,250 1.1% 1.8% ORMISTON 8 N/A N/A $352,000 -8.0% 3.5% THORNESIDE ~ 5 N/A N/A $270,000 1.5% -12.9% BRISBANE (SD) 376 $215,000 9.7% $205,000 -2.4% 2.5% BRISBANE (SD) ^ 46 $279,500 6.5% $261,000 -1.5% 4.4% IPSWICH CITY (LGA) 52 $172,450 3.0% $171,900 -1.8% 1.7% IPSWICH CITY (LGA) ^ 7 N/A N/A $235,250 0.1% -2.9% AUGUSTINE HEIGHTS ~ * 13 $197,000 1.3% $203,000 1.4% -15.8% BELLBIRD PARK 2 N/A N/A $185,000 -9.8% 4.5% BRASSALL 3 N/A N/A $170,000 -2.9% -3.8% BROOKWATER * 4 N/A N/A $312,500 N/A N/A BUNDAMBA 5 N/A N/A $151,000 -2.6% -4.6% DEEBING HEIGHTS 1 N/A N/A $150,000 -4.9% N/A GOODNA 1 N/A N/A $182,500 -1.4% 11.3% BRISBANE (SD) 1776 $385,000 3.5% $380,000 1.3% 7.0% IPSWICH CITY (LGA) ~ 50 $219,000 -7.8% $250,000 -8.4% -6.4% BRASSALL 9 N/A N/A $251,000 N/A -6.7% LOGAN CITY (LGA) ~ * 120 $240,000 5.7% $258,250 -12.6% 3.3% BEENLEIGH ~ * 5 N/A N/A $169,000 -26.2% -31.5% BROWNS PLAINS * t 7 N/A N/A $339,900 0.0% 18.2% EAGLEBY 8 N/A N/A $300,000 -3.1% 9.5% LOGAN CENTRAL 3 N/A N/A $165,000 N/A N/A LOGANLEA 6 N/A N/A $296,607 -6.8% N/A MARSDEN 4 N/A N/A $331,000 0.6% N/A ROCHEDALE SOUTH 9 N/A N/A $263,939 -4.0% -3.3% SHAILER PARK 8 N/A N/A $278,500 -0.5% 3.1% SLACKS CREEK ~ 10 $207,000 8.9% $185,000 0.0% -19.2% SPRINGWOOD 6 N/A N/A $249,000 0.1% -5.0% UNDERWOOD 4 N/A N/A $394,375 4.7% 7.5% WOODRIDGE ~ 20 $177,500 7.6% $173,500 -0.9% -17.4% MORETON BAY (LGA) 184 $299,000 -0.3% $310,000 -6.3% 1.0% ARANA HILLS 10 $367,500 N/A $380,500 N/A N/A BONGAREE ~ 18 $257,500 -14.2% $275,000 -7.7% -9.8% BRENDALE ~ 12 $253,000 -20.7% $255,000 -22.5% -12.1% CABOOLTURE ~ t 5 N/A N/A $210,000 -22.8% -15.1% CLONTARF * f 10 $406,000 N/A $406,000 -14.7% 24.9% DECEPTION BAY ~ 9 N/A N/A $215,000 -4.4% -18.5% KALLANGUR 5 N/A N/A $294,000 -9.5% -3.3% KIPPA-RING 7 N/A N/A $248,500 -6.2% -17.9% LAWNTON * t 3 N/A N/A $207,000 -38.4% -19.5% MANGO HILL 5 N/A N/A $335,000 -5.6% N/A MARGATE 4 N/A N/A $310,000 1.6% -13.9% MORAYFIELD 2 N/A N/A $287,500 -0.3% N/A MURRUMBA DOWNS 2 N/A N/A $349,900 0.0% 1.4% NARANGBA 2 N/A N/A $335,000 N/A N/A NORTH LAKES 4 N/A N/A $375,000 3.1% -5.2% REDLAND CITY (LGA) 443 $455,500 3.5% $450,000 1.1% 2.5% REDLAND CITY (LGA) ^ 14 N/A N/A $770,000 3.7% -5.5% ALEXANDRA HILLS 44 $405,000 4.7% $395,000 4.2% 2.6% BIRKDALE 44 $470,000 0.8% $464,000 3.1% -1.1% CAPALABA 42 $410,000 3.8% $403,500 4.8% 0.9% CAPALABA ^ 3 N/A N/A $815,000 5.8% N/A CLEVELAND ~ 39 $520,000 17.5% $510,000 0.3% -1.5% MACLEAY ISLAND 9 N/A N/A $220,000 -0.7% -15.1% MOUNT COTTON 24 $455,000 -1.5% $455,500 -1.0% 4.6% ORMISTON ~ f 29 $547,750 23.1% $559,000 2.6% -1.1% REDLAND BAY 60 $485,000 2.6% $475,000 1.7% -2.1% RUSSELL ISLAND 13 $188,000 N/A $190,000 5.4% -21.5% THORNESIDE 5 N/A N/A $374,500 3.7% -2.7% THORNLANDS ~ 44 $505,000 -5.8% $510,000 1.7% 0.0% VICTORIA POINT 48 $460,000 2.2% $456,000 3.6% 2.5% WELLINGTON POINT 32 $517,500 1.5% $517,500 1.3% 5.3% SURROUNDS LOCKYER VALLEY (LGA) ~ 31 $215,000 8.9% $227,000 -7.3% -11.0% LOCKYER VALLEY (LGA) ^ ~ 46 $342,000 10.3% $320,000 -3.0% 0.1% GATTON 13 $242,750 N/A $247,000 -0.7% -10.2% KENSINGTON GROVE ^ 4 N/A N/A $312,000 N/A -2.5% LAIDLEY ~ 13 $200,000 N/A $215,000 -16.2% -9.7% PLAINLAND ^ 5 N/A N/A $291,750 N/A -10.2% REGENCY DOWNS ^ ~ 6 N/A N/A $288,000 -7.1% -7.1% WITHCOTT ^ 6 N/A N/A $362,500 N/A N/A SOMERSET (LGA) ~ * 25 $280,000 21.2% $260,000 6.1% 12.5% SOMERSET (LGA) ^ ~ 39 $389,000 18.8% $340,000 0.0% 0.0% ESK ~ 4 N/A N/A $196,500 N/A -16.4% LOWOOD ~ * 5 N/A N/A $320,000 18.5% 52.4% SALES MARKET - HOUSES (CONT’D) SUBURB NUMBER OF SALES DEC13 MEDIAN SALE DEC13 QTRLY CHANGE MEDIAN SALE 12MTHS DEC13 1YR CHANGE 5YR CHANGE SALES MARKET - UNITS & TOWNHOUSES (CONT’D) SUBURB NUMBER OF SALES DEC13 MEDIAN SALE DEC13 QTRLY CHANGE MEDIAN SALE 12MTHS DEC13 1YR CHANGE 5YR CHANGE SALES MARKET - UNITS & TOWNHOUSES SALES MARKET - VACANT LAND
  • 14. 14 QUEENSLAND MARKET MONITOR BRISBANE MARKET UPDATES LOGAN CITY $340 894 $330 826 4114 KINGSTON $310 152 $310 119 4118 BROWNS PLAINS $340 101 $330 95 4119 UNDERWOOD $360 8 $380 12 4123 PRIESTS GULLY $380 60 $375 47 4124 BORONIA HEIGHTS $340 41 $330 51 4125 MUNRUBEN $360 8 $400 6 4127 CHATSWOOD HILLS $350 82 $360 77 4128 KIMBERLEY PARK $385 41 $390 27 4129 LOGANDALE $350 26 $345 32 4130 CARBROOK $375 16 $370 13 4131 LOGANLEA $340 29 $330 32 4132 CRESTMEAD $330 84 $320 84 4133 CHAMBERS FLAT $350 39 $340 41 4205 BETHANIA $330 17 $320 21 4207 ALBERTON $330 171 $320 154 4280 JIMBOOMBA $360 18 $380 15 MORETON BAY REGIONAL $330 1056 $325 1029 4019 CLONTARF $350 105 $350 92 4020 NEWPORT $345 92 $325 76 4021 KIPPA-RING $340 28 $330 32 4022 ROTHWELL $350 6 $315 8 4035 ALBANY CREEK $390 22 $390 16 4037 EATONS HILL $430 5 $420 7 4055 BUNYA $420 31 $410 27 4500 BRAY PARK $350 79 $350 82 4501 LAWNTON $340 25 $320 17 4502 FRENCHS FOREST $330 15 $340 17 4503 DAKABIN $330 80 $340 92 4504 NARANGBA $330 19 $320 23 4505 BURPENGARY $312 36 $340 22 4506 MOORINA $285 45 $285 69 4507 BANKSIA BEACH $320 49 $320 50 4508 DECEPTION BAY $300 90 $290 79 4509 MANGO HILL $380 67 $370 67 4510 BALINGOOL $285 171 $280 178 4511 GODWIN BEACH $310 37 $300 23 4512 BRACALBA $365 9 N.A. 4 4514 BELLTHORPE $325 21 $300 19 4520 ARMSTRONG CREEK $380 11 $500 13 4521 CAMPBELLS POCKET $375 11 $370 11 REDLAND CITY $380 332 $375 306 4157 CAPALABA $380 32 $380 40 4158 THORNESIDE $370 9 $370 7 4159 AQUATIC PARADISE $400 23 $380 20 4160 EROBIN $410 29 $390 36 4161 ALEXANDRA HILLS $395 41 $375 41 4163 CLEVELAND $390 31 $395 29 4164 PINKLANDS $420 23 $410 13 4165 MOUNT COTTON $390 64 $385 53 4184 COOCHIEMUDLO ISLAND $230 76 $220 60 LOCKYER VALLEY REGIONAL $270 110 $275 105 4341 BLENHEIM $260 44 $260 48 4342 CROWLEY VALE $270 18 $285 10 4343 ADARE $285 36 $285 39 4344 CARPENDALE $270 10 $260 7 SOMERSET REGIONAL $270 57 $275 58 4311 ATKINSONS DAM $280 23 $270 23 4312 BRYDEN $235 7 $200 6 4313 BIARRA $230 10 $210 9 4515 GLENFERN $320 17 $300 20 IPSWICH CITY $300 820 $290 752 4300 AUGUSTINE HEIGHTS $340 221 $330 144 4301 COLLINGWOOD PARK $310 116 $300 111 4303 DINMORE $285 16 $260 16 4304 BLACKSTONE $280 97 $280 96 4305 BASIN POCKET $280 290 $280 306 4306 AMBERLEY $300 53 $300 45 4340 ASHWELL $295 25 $280 32 KARALEE ^ 5 N/A N/A $248,000 -2.0% -3.5% RACEVIEW 1 N/A N/A $165,000 2.2% -2.1% REDBANK PLAINS ~ 12 $130,000 -3.0% $142,000 -13.9% -14.4% SPRINGFIELD LAKES 9 N/A N/A $175,000 -3.3% 6.7% LOGAN CITY (LGA) ~ * 37 $158,900 -20.6% $180,000 -7.7% -5.3% LOGAN CITY (LGA) ^ 16 $237,500 N/A $245,000 -2.8% 5.7% HOLMVIEW 1 N/A N/A $185,200 0.5% -9.7% JIMBOOMBA 1 N/A N/A $176,000 4.5% 4.8% JIMBOOMBA ^ 2 N/A N/A $207,500 N/A 11.0% LOGAN RESERVE 4 N/A N/A $146,625 -6.6% N/A MARSDEN 3 N/A N/A $180,500 -7.4% -3.5% NEW BEITH ^ 1 N/A N/A $260,000 N/A 9.2% REGENTS PARK 2 N/A N/A $215,250 N/A -8.8% UNDERWOOD ~ * 2 N/A N/A $360,000 26.3% 10.8% YARRABILBA * 16 $128,000 N/A $147,500 -8.7% N/A MORETON BAY (LGA) ~ * 107 $229,000 13.6% $205,000 -0.5% -1.0% MORETON BAY (LGA) ^ 19 $311,000 14.8% $277,500 1.8% -3.5% BANKSIA BEACH 8 N/A N/A $450,000 N/A 45.2% BRAY PARK 5 N/A N/A $204,500 N/A -7.0% CABOOLTURE * 14 $203,250 12.9% $180,000 -3.7% -7.5% DAKABIN 2 N/A N/A $195,000 -4.8% N/A GRIFFIN 9 N/A N/A $200,000 -3.6% -4.8% LAWNTON ~ * 1 N/A N/A $191,250 -16.8% N/A MANGO HILL * 25 $230,000 N/A $225,000 8.2% 3.7% MORAYFIELD 3 N/A N/A $185,500 -1.9% 0.3% MURRUMBA DOWNS ~ * 3 N/A N/A $248,500 -23.5% 8.0% NARANGBA 4 N/A N/A $197,800 0.4% -3.4% NORTH LAKES ~ * WARNER 6 N/A N/A $222,000 -4.5% 2.8% WOODFORD ^ 3 N/A N/A $206,000 N/A N/A REDLAND CITY (LGA) ~ 1 94 $30,000 25.0% $130,000 -44.7% 62.5% REDLAND CITY - BAY ISLANDS MACLEAY ISLAND ~ f 12 $23,750 -20.8% $25,000 -32.8% -66.0% RUSSELL ISLAND ~ f 43 $21,000 0.0% $20,350 -18.6% -65.5% REDLAND CITY - MAINLAND MOUNT COTTON ~ * 5 N/A N/A $250,000 -3.5% -16.7% REDLAND BAY 3 N/A N/A $263,250 1.3% -6.0% THORNLANDS ~ * f 10 $283,500 N/A $273,500 0.4% -26.1% VICTORIA POINT 2 N/A N/A $266,000 N/A -7.3% WELLINGTON POINT 7 N/A N/A $330,000 N/A -8.3% SURROUNDS LOCKYER VALLEY (LGA) ~ 15 $99,000 N/A $99,000 -26.7% -13.2% LOCKYER VALLEY (LGA) ^ 16 $99,500 -9.5% $115,000 -9.1% -11.5% HATTON VALE ^ 1 N/A N/A $137,950 -2.0% N/A LAIDLEY NORTH 14 $99,000 N/A $100,000 N/A N/A SOMERSET (LGA) 7 N/A N/A $135,000 3.1% 4.7% FERNVALE 3 N/A N/A $135,000 -9.4% 3.9% GOLD COAST CITY SALES MARKET - VACANT LAND (CONT’D) SUBURB NUMBER OF SALES DEC13 MEDIAN SALE DEC13 QTRLY CHANGE MEDIAN SALE 12MTHS DEC13 1YR CHANGE 5YR CHANGE RENTAL MARKET - 3 BED HOUSES DEC-13 DEC-12 POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS RENTAL MARKET - 3 BED HOUSES (CONT’D) DEC-13 DEC-12 POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
  • 15. Of all four major regions, Redland City now has the lowest days on market at 84 – down from 99 a year before. In Logan and Moreton Bay, the average discounting is now 6 per cent while in Redland City and Ipswich it is 7 per cent 15DECEMBER QUARTER 2013 BRISBANE MARKET UPDATES IPSWICH CITY $310 121 $305 105 4300 AUGUSTINE HEIGHTS $320 54 $350 24 4301 COLLINGWOOD PARK $300 19 $280 26 4304 BLACKSTONE $305 15 $305 18 4305 BASIN POCKET $305 31 $300 35 LOGAN CITY $330 425 $325 347 4114 KINGSTON $320 56 $310 30 4118 BROWNS PLAINS $350 58 $345 60 4119 UNDERWOOD $335 32 $320 41 4123 PRIESTS GULLY $335 10 $310 8 4127 CHATSWOOD HILLS $330 36 $325 36 4128 KIMBERLEY PARK $345 13 $340 10 4131 LOGANLEA $350 22 $350 18 4132 CRESTMEAD $340 53 $340 24 4133 CHAMBERS FLAT $310 19 $310 13 4207 ALBERTON $320 117 $320 99 MORETON BAY REGIONAL $335 530 $325 511 4019 CLONTARF $350 11 $320 16 4020 NEWPORT $380 11 $340 19 4021 KIPPA-RING $335 42 $330 53 4035 ALBANY CREEK $380 17 $375 6 4500 BRAY PARK $335 54 $330 59 4501 LAWNTON $340 11 $340 15 4502 FRENCHS FOREST $320 16 $320 13 4503 DAKABIN $340 132 $335 126 4504 NARANGBA $340 11 $330 5 4505 BURPENGARY $310 32 $305 23 4506 MOORINA $300 29 $295 35 4507 BANKSIA BEACH $315 11 $315 9 4508 DECEPTION BAY $310 40 $310 35 4509 MANGO HILL $350 77 $340 44 4510 BALINGOOL $295 27 $280 42 REDLAND CITY $385 83 $375 85 4157 CAPALABA $350 6 $360 9 4158 THORNESIDE $380 10 $360 12 4160 EROBIN $395 13 $375 12 4163 CLEVELAND $385 34 $410 28 4165 MOUNT COTTON $390 14 $380 20 IPSWICH CITY $250 129 $240 113 4300 AUGUSTINE HEIGHTS $260 31 $235 15 4301 COLLINGWOOD PARK $250 23 $255 23 4304 BLACKSTONE $245 21 $240 27 4305 BASIN POCKET $250 53 $230 47 LOGAN CITY $260 191 $255 204 4114 KINGSTON $265 73 $250 65 4127 CHATSWOOD HILLS $295 16 $320 20 4128 KIMBERLEY PARK $285 6 $280 6 4133 CHAMBERS FLAT $239 12 $250 12 4207 ALBERTON $250 67 $240 74 4280 JIMBOOMBA $245 5 N.A. 2 MORETON BAY REGIONAL $275 442 $270 473 4019 CLONTARF $275 77 $270 73 4020 NEWPORT $295 78 $295 113 4021 KIPPA-RING $265 8 $265 9 4500 BRAY PARK $290 34 $280 28 4501 LAWNTON $270 19 $250 10 4503 DAKABIN $280 37 $280 27 4506 MOORINA $265 12 $245 10 4507 BANKSIA BEACH $270 50 $250 73 4508 DECEPTION BAY $270 15 $281 21 4509 MANGO HILL $310 21 $315 12 4510 BALINGOOL $250 79 $240 77 REDLAND CITY $330 88 $320 76 4157 CAPALABA $330 17 $310 18 4160 EROBIN $345 7 N.A. 4 4161 ALEXANDRA HILLS $160 5 N.A. 4 4163 CLEVELAND $400 36 $365 32 4165 MOUNT COTTON $143 6 $280 7 4183 AMITY $275 8 N.A. 3 LOCKYER VALLEY REGIONAL $220 24 $210 17 4343 ADARE $220 20 $220 13 RENTAL MARKET - 2 BED UNITS DEC-13 DEC-12 POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS RENTAL MARKET - 3 BED TOWNHOUSES DEC-13 DEC-12 POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
  • 16. 16 QUEENSLAND MARKET MONITOR REGIONAL MARKET UPDATES A solid performer in terms of price growth and sales activity was Robina which recorded a median house price increase of 10.1 per cent to $545,000 over the quarter. It also posted an increase in sales over the quarter and the year. Another strong performer was Palm Beach which recorded median price growth of 12.5 per cent to $540,000 over the quarter as well 10 per cent over the year. The median unit and townhouse price on the Gold Coast increased 1.5 per cent to $340,000 over the quarter and was steady over the year. While the Gold Coast’s preliminary number of unit sales reduced over the quarter, over the year volumes increased by 21 per cent. Local agents say the unit market has not bounced back to the same degree as the house market as yet but it is expected to follow its lead in the months ahead. A solid performer over the quarter was Currumbin Waters which posted median unit price growth of 10.1 per cent to $315,000. Over the year ending December, its median price increased by 7.3 per cent. RENTAL MARKET In our tourism centres, residential vacancy rates remain at healthy levels. The Gold Coasts recorded a tighter vacancy rate, down 0.4 percentage points to 1.9 per cent since September. Median weekly rents on the Gold Coast have been steadily increasing since the start of 2013, with three bedroom houses up $20 to $420 per week between December 2012 and December last year – the highest increase in over four years where median rents have hovered around the $400 mark. The median rent of a two-bedroom unit on the Gold Coast increased $15 per week to $355 over the same period. SALES MARKET The median house price on the Gold Coast increased 1.7 per cent to $480,000. The preliminary numbers of house sales increased 10 per cent compared to the September quarter. According to local REIQ accredited agencies, sales activity is strengthening however stock is becoming an issue. Well-priced properties are selling close to list price – especially in the under $500,000 price bracket. There is currently a lot of pent-up demand which is being released due to the improving conditions, low interest rates, and media commentary on the strengthening Gold Coast market. According to local agents, there are instances of more demand than supply which is helping price growth, while good stock is becoming increasingly difficult to source. First home buyers are more active in the market after a prolonged period on the sidelines. First-time buyers have worked out that it can be more affordable to buy than rent in some areas and they are making their move into the market. Local agents say the outlook for this year is extremely positive with the potential for continued moderate price growth as well as improvements in the region’s tourism and construction sectors. Sellers’ expectations are beginning to trend up with many now expecting to sell their properties at or above list price. Investors are more active in the market given the strength of the region’s rental market which is providing some good returns. GOLD COAST
  • 17. 17 REGIONAL MARKET UPDATES DECEMBER QUARTER 2013 GOLD COAST CITY (LGA) 78 $230,000 -1.3% $229,950 0.7% -8.0% GOLD COAST CITY (LGA) ^ ~ 15 $353,500 N/A $350,000 -10.3% -25.5% CARRARA 2 N/A N/A $221,500 N/A N/A COOMERA 3 N/A N/A $225,500 -4.0% -2.8% ORMEAU 11 $215,000 N/A $220,000 -2.2% -12.0% ORMEAU HILLS 2 N/A N/A $206,055 -4.1% N/A PARADISE POINT ~ f 2 N/A N/A $875,000 N/A -30.0% PIMPAMA 13 $224,000 1.8% $220,000 -5.9% N/A REEDY CREEK 10 $325,025 N/A $286,912 -2.5% -13.6% UPPER COOMERA 8 N/A N/A $225,000 2.3% -8.2% WILLOW VALE 7 N/A N/A $195,000 N/A N/A SURROUNDS SCENIC RIM (LGA) 3 N/A N/A $179,500 0.0% 0.3% SCENIC RIM (LGA) ^ ~ 9 N/A N/A $200,000 0.5% 35.1% GLENEAGLE 1 N/A N/A $179,500 0.0% N/A GOLD COAST CITY (LGA) 1220 $340,000 1.5% $345,000 0.0% -8.0% ARUNDEL 4 N/A N/A $300,000 0.0% -4.0% ASHMORE ~ 9 N/A N/A $250,000 -6.5% -20.5% BENOWA ~ 15 $425,000 -9.4% $473,000 2.4% -8.7% BIGGERA WATERS ~ f 27 $280,000 -12.9% $334,500 9.7% -0.5% BILINGA ~ * f 6 N/A N/A $392,500 2.6% -34.3% BROADBEACH ~ 75 $414,000 2.9% $435,000 -17.1% -2.2% BROADBEACH WATERS ~ 12 $413,750 N/A $380,000 20.6% -20.2% BUNDALL 8 N/A N/A $329,000 N/A -13.9% BURLEIGH HEADS ~ f 57 $412,000 14.4% $375,000 1.4% -14.2% BURLEIGH WATERS ~ 16 $319,000 -3.3% $325,000 4.0% -18.2% CARRARA * f 25 $403,000 25.9% $400,000 14.3% -3.6% CLEAR ISLAND WATERS ~ f 4 N/A N/A $439,500 14.2% 5.4% COOLANGATTA 56 $380,000 1.3% $387,500 -0.6% -13.9% COOMBABAH 19 $303,000 4.5% $299,000 -0.3% -3.5% COOMERA ~ * t 28 $498,000 13.7% $502,000 35.7% 54.5% CURRUMBIN ~ 6 N/A N/A $362,500 -7.3% -23.3% CURRUMBIN WATERS ~ 10 $315,000 10.1% $300,000 7.3% -13.7% ELANORA 11 $306,000 2.0% $289,000 3.6% -5.2% HELENSVALE ~ 17 $321,000 -11.4% $315,000 1.4% -3.4% HOPE ISLAND * 28 $392,500 -2.5% $485,000 18.3% -20.9% LABRADOR 57 $305,000 7.6% $285,000 0.8% -10.9% MAIN BEACH ~ f 35 $517,500 -23.9% $565,000 8.1% -19.3% MERMAID BEACH ~ f 36 $336,500 -7.6% $330,000 1.5% -11.4% MERMAID WATERS ~ 23 $320,000 11.9% $295,000 0.0% -10.1% MERRIMAC 9 N/A N/A $330,000 8.2% 6.8% MIAMI ~ f 34 $350,000 20.3% $335,000 -0.4% -5.6% MUDGEERABA 8 N/A N/A $315,000 3.1% -9.0% NERANG ~ 24 $285,000 16.3% $262,500 4.0% -11.8% ORMEAU ~ 5 N/A N/A $305,000 -10.0% -13.6% OXENFORD 5 N/A N/A $260,000 6.1% -7.1% PACIFIC PINES 16 $360,000 2.9% $361,000 5.9% -2.4% PALM BEACH ~ f 39 $284,000 -9.1% $320,500 6.8% -8.4% PARADISE POINT ~ f 12 $424,975 -4.9% $560,000 2.3% 10.9% PIMPAMA 3 N/A N/A $389,900 1.3% N/A REEDY CREEK 11 $270,000 -4.6% $263,000 -0.8% -12.2% ROBINA ~ 28 $383,750 -5.2% $410,000 -6.6% -7.1% RUNAWAY BAY ~ f 20 $520,000 19.2% $465,000 25.7% 0.0% SOUTHPORT ~ f 95 $286,000 -15.9% $304,000 0.5% -22.1% SURFERS PARADISE ~ f 191 $325,000 -12.2% $352,000 0.6% -12.0% TUGUN ~ 18 $360,000 12.1% $350,000 2.9% -14.6% UPPER COOMERA 18 $280,000 -2.6% $287,500 0.9% -12.9% VARSITY LAKES 26 $370,000 1.8% $360,000 2.9% -8.9% GOLD COAST CITY (LGA) 1236 $480,000 1.7% $477,000 4.4% -0.6% GOLD COAST CITY (LGA) ^ 121 $630,000 -0.8% $649,000 4.7% -4.6% ARUNDEL 45 $460,000 5.4% $455,000 -3.7% -2.7% ASHMORE ~ 44 $433,000 -8.8% $433,000 0.7% -5.9% BENOWA 24 $691,250 3.2% $687,500 8.1% -12.3% BIGGERA WATERS ~ f 16 $461,000 -24.4% $480,000 -12.7% 0.4% BONOGIN ^ 7 N/A N/A $587,500 3.1% -6.0% BROADBEACH WATERS ~ f 24 $867,500 22.6% $720,000 2.9% -15.3% BUNDALL ~ 21 $750,000 18.8% $717,500 3.2% -25.5% BURLEIGH HEADS ~ 24 $615,000 13.4% $552,500 9.8% 6.3% BURLEIGH WATERS 45 $579,000 9.3% $531,500 5.0% -1.6% CARRARA 31 $417,500 4.0% $426,750 1.6% -6.2% CLEAR ISLAND WATERS ~ f 20 $842,500 43.1% $750,000 5.2% -20.2% COOMBABAH 22 $373,750 -3.9% $383,750 2.0% -6.4% COOMERA 20 $484,000 -5.5% $406,000 3.4% -20.4% CURRUMBIN ~ 7 N/A N/A $578,500 -12.0% N/A CURRUMBIN VALLEY ^ 4 N/A N/A $770,000 N/A N/A CURRUMBIN WATERS ~ 15 $427,000 -16.3% $487,000 10.7% 6.4% ELANORA 29 $495,000 3.8% $485,000 5.7% -1.0% HELENSVALE 43 $460,000 6.4% $467,000 1.5% -2.5% HELENSVALE ^ 1 N/A N/A $735,000 N/A N/A HIGHLAND PARK ~ 19 $445,000 15.6% $407,500 2.6% 2.1% HOLLYWELL ~ 8 N/A N/A $522,500 11.2% -2.5% HOPE ISLAND ~ f 23 $723,750 -7.2% $567,500 -9.9% -37.4% JACOBS WELL ~ 2 N/A N/A $358,000 -11.6% -15.8% LABRADOR 38 $365,000 -4.7% $377,500 3.9% -1.0% MAUDSLAND 8 N/A N/A $435,000 3.8% 2.3% MERMAID BEACH 8 N/A N/A $826,000 -3.5% -37.7% MERMAID WATERS 31 $682,500 6.6% $620,000 2.5% -3.1% MERRIMAC ~ 16 $395,000 15.3% $390,000 2.6% -4.9% MIAMI 19 $499,000 N/A $505,000 8.0% -1.9% MOLENDINAR ~ 13 $460,000 -8.9% $474,500 2.7% -2.2% MUDGEERABA 28 $474,250 5.2% $449,000 9.5% -0.1% MUDGEERABA ^ 11 $710,000 N/A $635,000 8.1% 0.8% NERANG 40 $342,750 -0.1% $345,000 3.9% -8.0% NERANG ^ 7 N/A N/A $780,000 N/A N/A ORMEAU 41 $427,500 3.8% $406,000 0.2% -3.3% ORMEAU ^ 4 N/A N/A $632,500 N/A 1.4% ORMEAU HILLS 9 N/A N/A $449,000 1.5% -2.7% OXENFORD 42 $455,000 8.0% $425,500 6.6% 3.3% PACIFIC PINES 56 $450,000 -1.6% $450,000 3.2% -1.1% PALM BEACH ~ 42 $540,000 12.5% $528,000 10.0% -6.5% PARADISE POINT ~ f 35 $627,500 -28.5% $752,000 -5.7% -9.7% PARKWOOD 18 $450,000 0.8% $447,500 0.9% -1.6% PIMPAMA 6 N/A N/A $366,000 8.6% -7.3% REEDY CREEK 18 $606,000 0.2% $601,000 3.2% 1.7% ROBINA ~ 69 $545,000 10.1% $515,000 3.0% -1.9% RUNAWAY BAY ~ 24 $588,500 -7.3% $665,000 0.0% -14.7% SOUTHPORT 42 $416,000 -0.2% $420,000 6.3% -5.6% SURFERS PARADISE ~ 19 $1,193,750 16.5% $1,167,500 8.6% -16.3% TALLAI ^ 12 $737,500 N/A $720,000 6.4% 6.3% TALLEBUDGERA ^ 12 $655,000 N/A $660,000 7.1% -7.7% TUGUN ~ 9 N/A N/A $495,000 20.7% 1.9% UPPER COOMERA 59 $394,000 -0.1% $380,000 1.1% -8.3% VARSITY LAKES 29 $465,000 3.3% $465,000 7.1% -0.4% WORONGARY 7 N/A N/A $382,500 3.0% -0.8% WORONGARY ^ 12 $589,000 2.4% $575,000 0.0% -5.5% SURROUNDS SCENIC RIM (LGA) ~ 66 $315,000 -6.0% $336,000 -1.2% -3.3% SCENIC RIM (LGA) ^ ~ 39 $495,000 16.4% $440,000 -2.2% -2.2% BEAUDESERT ~ 19 $310,000 11.7% $300,000 -4.8% -4.8% BOONAH 8 N/A N/A $272,500 -0.9% -2.8% KOORALBYN ^ 7 N/A N/A $311,000 3.2% -5.0% TAMBORINE ^ 7 N/A N/A $495,000 5.5% -8.3% TAMBORINE MOUNTAIN ~ 22 $430,000 7.7% $398,250 -0.4% -12.5% SALES MARKET - UNITS & TOWNHOUSES SUBURB NUMBER OF SALES DEC13 MEDIAN SALE DEC13 QTRLY CHANGE MEDIAN SALE 12MTHS DEC13 1YR CHANGE 5YR CHANGE SALES MARKET - HOUSES SUBURB NUMBER OF SALES DEC13 MEDIAN SALE DEC13 QTRLY CHANGE MEDIAN SALE 12MTHS DEC13 1YR CHANGE 5YR CHANGE SALES MARKET - VACANT LAND
  • 18. "Local agents say the outlook for this year is extremely positive with the potential for continued moderate price growth as well as improvements in the region’s tourism and construction sectors" 18 QUEENSLAND MARKET MONITOR REGIONAL MARKET UPDATES 4285 ALLENVIEW $290 42 $300 53 4307 COLEYVILLE $260 10 $250 5 4309 ARATULA $260 9 $240 7 4310 ALLANDALE $265 25 $260 9 GOLD COAST CITY $420 1031 $400 1032 4208 BURNSIDE $375 24 $380 24 4209 COOMERA $379 119 $360 77 4210 OXENFORD $390 21 $370 16 4211 ADVANCETOWN $395 122 $385 141 4212 HELENSVALE $470 72 $420 73 4213 BONOGIN $420 54 $405 54 4214 ARUNDEL $420 83 $400 96 4215 LABRADOR $390 110 $380 98 4216 PARADISE POINT $400 78 $390 75 4217 BENOWA $560 36 $550 32 4218 BROADBEACH $510 62 $500 69 4220 BURLEIGH HEADS $450 56 $450 60 4221 ELANORA $460 50 $420 49 4223 CURRUMBIN $420 31 $460 29 4224 TUGUN $390 8 $425 12 4225 BILINGA $425 5 $410 6 4226 CLEAR ISLAND WATERS $450 63 $430 79 4227 REEDY CREEK $465 29 $420 33 4228 INGLESIDE $425 8 $425 8 SCENIC RIM REGIONAL $295 127 $310 116 4271 EAGLE HEIGHTS $390 11 $355 12 4272 MOUNT TAMBORINE $375 16 $380 14 4275 BENOBBLE $360 12 $360 10 902 832 739 697 281 254 8 12 DEC 12 MAR 13 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 74 99 98 113 115 364 353 406 443 517 324 293 302 341 418 48 48 54 60 65 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 GOLD COAST HOUSE SALES (p) <$350,000 $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 131 103 114 113 101 298 269 271 353 394 176 186 189 219 278 24 19 27 26 33 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 SUNSHINE COAST HOUSE SALES (p) <$350,000 $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 130 121 159 158 146 39 36 26 25 42 7 9 4 8 10 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 BUNDABERG HOUSE SALES (p) <$350,000 $350,000+ $500,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 (p) Preliminary Source: REIQ, 158 162 36 32 8 6 DEC 12 MAR 13 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 13 13 12 33 21 86 68 73 53 73 27 32 28 22 27 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 GLADSTONE HOUSE SALES (p) <$350,000 $350,000+ $500,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 (p) Preliminary. S Source: REIQ, da DEC 12 MAR 13 (p) Preliminary Source: REIQ, d 38 60 43 320 275 301 531 489 545 222 209 234 20 28 32 DEC 12 MAR 13 JUN 13 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 105 102 137 169 132 134 134 141 171 132 65 43 51 86 79 14 24 29 29 36 4 1 2 2 3 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 BRISBANE SURROUNDS UNIT SALES (p) <$250,000 $250,000+ $350,000+ $500,000+ $1m+ INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 133 216 179 236 204 303 329 334 375 380 185 231 252 306 292 116 169 187 191 192 20 45 42 44 57 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 GOLD COAST UNIT SALES (p) <$250,000 $250,000+ $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 56 100 78 92 74 150 136 135 152 187 88 112 100 95 132 59 68 49 62 79 11 12 8 10 12 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 SUNSHINE COAST UNIT SALES (p) <$250,000 $250,000+ $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 13 20 18 7 17 6 11 6 10 9 4 4 2 3 2 8 1 2 1 6 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 BUNDABERG UNIT SALES (p) <$250,000 $250,000+ $350,000+ $500,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 (p) Preliminar Source: REIQ, 19 17 10 25 18 14 12 20 17 10 6 2 4 3 1 1 0 0 1 0 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 FRASER COAST UNIT SALES (p) <$250,000 $250,000+ $350,000+ $500,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 1 3 1 6 2 14 13 5 9 3 6 9 7 5 3 3 2 0 1 3 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 GLADSTONE UNIT SALES (p) <$250,000 $250,000+ $350,000+ $500,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 (p) Prelimina Source: REIQ DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 (p) Prelimina Source: REIQ DEC 12 MAR 13 JUN 13 (p) Preliminar Source: REIQ, 28 36 27 21 21 23 7 8 5 1 0 3 DEC 12 MAR 13 JUN 13 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 287   256   237   329   220   50   42   31   45   49   8   16   12   11   14   5   5   6   4   7    DEC  12    MAR  13    JUN  13    SEP  13    DEC  13   BRISBANE  SURROUNDS  LAND  SALES  (p)   <$250,000   $250,000+   $350,000+   $500,000+   Includes  IPSWICH,  LOGAN,  MORETON  BAY  &  REDLAND   (p)  Preliminary.  See  explanatory  notes  for  further  informaKon.   Source:  REIQ,  data  provided  by  RP  Data.   45   31   35   37   16   45   49   26   27   32   29   40   34   37   28   12   8   6   7   10    DEC  12    MAR  13    JUN  13    SEP  13    DEC  13   BRISBANE  CITY  LAND  SALES  (p)   <$250,000   $250,000+   $350,000+   $500,000+   (p)  Preliminary.  See  explanatory  notes  for  further  informaKon.   Source:  REIQ,  data  provided  by  RP  Data.   38   55   34   39   25   2   1   1   3   2   0   2   1   3   2    DEC  12    MAR  13    JUN  13    SEP  13    DEC  13   TOOWOOMBA  LAND  SALES  (p)   <$250,000   $250,000+   $350,000+   (p)  Preliminary.  See  explanatory  notes  for  further  informaKon.   Source:  REIQ,  data  provided  by  RP  Data.   (p So ( S 42   26   25   40   41   1   1   1   0   3   0   0   1   0   0    DEC  12    MAR  13    JUN  13    SEP  13    DEC  13   FRASER  COAST  LAND  SALES  (p)   <$250,000   $250,000+   $350,000+   (p)  Preliminary.  See  explanatory  notes  for  further  informaKon.   Source:  REIQ,  data  provided  by  RP  Data.   38   47   33   41   25   1   0   1   2   0   0   0   0   0   0    DEC  12    MAR  13    JUN  13    SEP  13    DEC  13   BUNDABERG  LAND  SALES  (p)   <$250,000   $250,000+   $350,000+   (p)  Preliminary.  See  explanatory  notes  for  further  informaKon.   Source:  REIQ,  data  provided  by  RP  Data.   51   52   41   40   45   16   6   11   15   24   7   8   5   5   3   13   5   7   8   6    DEC  12    MAR  13    JUN  13    SEP  13    DEC  13   GOLD  COAST  LAND  SALES  (p)   <$250,000   $250,000+   $350,000+   $500,000+   (p)  Preliminary.  See  explanatory  notes  for  further  informaKon.   Source:  REIQ,  data  provided  by  RP  Data.   71   49   47   53   40   38   38   18   20   21   9   12   10   12   12   7   8   7   10   4    DEC  12    MAR  13    JUN  13    SEP  13    DEC  13   SUNSHINE  COAST  LAND  SALES  (p)   <$250,000   $250,000+   $350,000+   $500,000+   (p)  Preliminary.  See  explanatory  notes  for  further  informaKon.   Source:  REIQ,  data  provided  by  RP  Data.   14   20   23   33   25   10   12   9   3   2   3   2   1   2   2    DEC  12    MAR  13    JUN  13    SEP  13    DEC  13   GLADSTONE  LAND  SALES  (p)   <$250,000   $250,000+   $350,000+   (p)  Preliminary.  See  explanatory  notes  for  further  informaKon.   Source:  REIQ,  data  provided  by  RP  Data.   ( S RENTAL MARKET - 3 BED HOUSES DEC-13 DEC-12 POSTCODE LOCALITIES MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS RENTAL MARKET - 3 BED HOUSES (CONT’D) DEC-13 DEC-12 POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS GOLD COAST CITY $355 2540 $340 2533 4209 COOMERA $300 9 $295 9 4210 OXENFORD $300 21 $295 20 4211 ADVANCETOWN $330 36 $290 41 4212 HELENSVALE $390 47 $380 59 4214 ARUNDEL $290 20 $188 26 4215 LABRADOR $340 585 $330 532 4216 PARADISE POINT $350 192 $330 183 4217 BENOWA $385 612 $390 598 4218 BROADBEACH $350 341 $340 336 4220 BURLEIGH HEADS $370 183 $360 188 4221 ELANORA $320 166 $300 147 4223 CURRUMBIN $350 25 $335 32 4224 TUGUN $310 31 $280 34 4225 BILINGA $330 134 $310 160 4226 CLEAR ISLAND WATERS $400 54 $390 44 4227 REEDY CREEK $410 79 $345 117 SCENIC RIM REGIONAL $220 37 $210 31 4285 ALLENVIEW $210 32 $200 22 GOLD COAST CITY $380 1259 $370 1274 4208 BURNSIDE $370 21 $360 14 4209 COOMERA $350 154 $340 176 4210 OXENFORD $350 13 $320 23 4211 ADVANCETOWN $360 221 $350 260 4212 HELENSVALE $420 43 $400 49 4213 BONOGIN $360 44 $360 43 4214 ARUNDEL $360 50 $360 54 4215 LABRADOR $385 148 $380 125 4216 PARADISE POINT $360 89 $350 84 4217 BENOWA $470 73 $455 66 4218 BROADBEACH $400 25 $400 22 4220 BURLEIGH HEADS $450 25 $400 47 4221 ELANORA $400 22 $380 14 4223 CURRUMBIN $360 24 $380 18 4224 TUGUN $430 34 $420 31 4226 CLEAR ISLAND WATERS $430 178 $420 158 4227 REEDY CREEK $410 88 $390 78 SCENIC RIM REGIONAL $280 9 $300 5 4285 ALLENVIEW $280 9 $300 5 RENTAL MARKET - 2 BED UNITS RENTAL MARKET - 3 BED TOWNHOUSES
  • 19. 19 REGIONAL MARKET UPDATES DECEMBER QUARTER 2013 The approval of the 2nd range crossing is also said to be a boost for not only the local economy but also for local amenity as large trucks will no longer be driving through the city centre. RENTAL MARKET Investor activity is reportedly up, predominantly within close proximity to the Toowoomba metropolitan area, as is tenant demand with one agency reporting very high numbers of applicants recently. With increased demand being matched with increased investment activity, Toowoomba’s vacancy rate remained unchanged since September, at 1.3 per cent. Median weekly rents from the RTA correspondingly continue to record steady growth. Compared to the December quarter 2012, three bedroom townhouses recorded the highest increase, up $48 to $330 per week. Given the number of new bond lodgements are low, the higher median rent was no doubt influenced by the increasing number of higher quality townhouses available for rent. Meanwhile, three bedroom houses were up $10 to $290 per week and two bedroom flats were up $15 to $240 per week over the same period. Three bedroom flats still remain the most popular investment property with over 600 new bonds lodged over the December quarter 2013 SALES MARKET The Toowoomba property market continues to go from strength to strength, with the December quarter seeing preliminary sales volumes increase by around 10 per cent. The Toowoomba Regional median house price was up a strong 6.5 per cent to $329,000. According to local agents, the Toowoomba property market has continued to show robust confidence levels. Sales in the sub-$500,000 bracket are reportedly strong, with some properties taking less than a week to sell. Local agents say both owner-occupiers and investors are very active in the market, with increasing numbers at open for inspections. First home buyers however are unfortunately still low in numbers due to minimal affordably-priced properties available on the market. Investor demand is said to be particularly strong for properties that are priced well relative to their rental return, with such properties spending little time on the market. Another indicator that the Toowoomba property market is strengthening is increased sales activity in the premium end of the market, with up-graders and owner-occupiers making the step up into a higher price range. In the unit and townhouse market, the Toowoomba median sale price increased 6.5 per cent to $263,000 with an increase in preliminary sales numbers also recorded over the quarter. The Toowoomba unit market is seeing small townhouse developments pop up across the metropolitan area, such as Newtown and Kearneys Spring. While higher- end sales in East Toowoomba and Rangeville have also contributed to the increase in the region’s median price over the quarter. Over the coming year, local agents expect to see continued quiet confidence, with confident capital growth expected. Local agents say the region is set to vastly benefit from the opening of the Brisbane West Wellcamp in October, which is a privately owned and funded airport. The airport is to have the fourth largest landing strip in Australia which will open up Toowoomba to domestic flights and have the potential to see the region become a residential hub for fly-in-fly-out workers. TOOWOOMBA HOUSEPRICEPOINT 50 171 + FRASER COAST HOUSE SALES (p) <$350,000 $350,000+ $500,000+ MACKAY HOUSE SALES (p) <$350,000 $350,000+ $500,000+ 174 151 168 185 178 79 92 96 79 80 24 27 26 26 30 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 ROCKHAMPTON HOUSE SALES (p) <$350,000 $350,000+ $500,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 257 245 248 281 297 113 91 123 132 155 25 23 24 26 43 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 TOOWOOMBA HOUSE SALES (p) <$350,000 $350,000+ $500,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 38 60 43 50 47 320 275 301 343 294 531 489 545 612 560 222 209 234 279 314 20 28 32 46 39 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 BRISBANE CITY UNIT SALES (p) <$250,000 $250,000+ $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 105 102 137 169 132 134 134 141 171 132 65 43 51 86 79 14 24 29 29 36 4 1 2 2 3 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 BRISBANE SURROUNDS UNIT SALES (p) <$250,000 $250,000+ $350,000+ $500,000+ $1m+ INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 204 380 292 192 57DEC 13 GOLD COAST UNIT SALES (p) <$250,000 $250,000+ $350,000+ $500,000+ $1m+ 17 9 2 6DEC 13 BUNDABERG UNIT SALES (p) <$250,000 $250,000+ $350,000+ $500,000+ 19 17 10 25 18 14 12 20 17 10 6 2 4 3 1 1 0 0 1 0 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 FRASER COAST UNIT SALES (p) <$250,000 $250,000+ $350,000+ $500,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. DEC DEC MAR JUN SEP DEC (p) Prelim Source: R DEC MAR JUN SEP DEC (p) Prelim Source: R 28 36 27 38 37 21 21 23 27 34 7 8 5 10 7 1 0 3 0 3 DEC 12 MAR 13 JUN 13 SEP 13 DEC 13 TOOWOOMBA UNIT SALES (p) <$250,000 $250,000+ $350,000+ $500,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. BRISBANE  SURROUNDS  LAND  SALES  (p)   <$250,000   $250,000+   $350,000+   $500,000+   Includes  IPSWICH,  LOGAN,  MORETON  BAY  &  REDLAND   45   31   35   37   16   45   49   26   27   32   29   40   34   37   28   12   8   6   7   10    DEC  12    MAR  13    JUN  13    SEP  13    DEC  13   BRISBANE  CITY  LAND  SALES  (p)   <$250,000   $250,000+   $350,000+   $500,000+   (p)  Preliminary.  See  explanatory  notes  for  further  informaKon.   Source:  REIQ,  data  provided  by  RP  Data.   38   55   34   39   25   2   1   1   3   2   0   2   1   3   2    DEC  12    MAR  13    JUN  13    SEP  13    DEC  13   TOOWOOMBA  LAND  SALES  (p)   <$250,000   $250,000+   $350,000+   (p)  Preliminary.  See  explanatory  notes  for  further  informaKon.   Source:  REIQ,  data  provided  by  RP  Data.   41   3   0    DEC  13   FRASER  COAST  LAND  SALES  (p)   <$250,000   $250,000+   $350,000+