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your state-wide property research guide suburb by suburb
REIQ
QUEENSLANDMARKETMONITORISSUE28
SEPQTR2015
>p2
QMM STATE-WIDE COMMENTARY
Proudly supported
by REIQ member
Linda
DeBello
STEADY GROWTH
CONTINUES IN
SEQ
The Brisbane local government area (LGA) median house
price has pushed to a new high of $615,000 as consistent
steady growth continues.
While predictions have been prolific that the slowing
conditions in Sydney would flow through to Brisbane,
the Queensland capital city has clearly defied predictions,
helped by southern investors eyeing off bargains in the
sunshine state.
According to data from the Australian Bureau of
Statistics, investor activity increased 1.4 per cent in
Queensland over the month of September.
Regional centres once reliant on the mining industry
are still stabilising, with the bottom of the market likely
having now been met in most areas.
Ongoing employment issues are the largest hindrance on
these regions entering a recovery phase.
In light of this, a number of local councils are
implementing initiatives that will diversify their region’s
economy in an effort to create new industries and
new jobs.
2 QUEENSLAND MARKET MONITOR
REIQ RESEARCH EXPLANATORY NOTES
SALES MARKET DATA
All figures for the most recent quarterly and yearly periods
are preliminary only and subject to further revision as
additional sales records become available (see Research
Methodology online at reiq.com).
As of the June quarter 2013, all sales data includes
"Recent Sales" as advised by real estate agents as
well as official records as advised by DNRM. As such
comparisons with figures published prior to the June
quarter 2013 should be done with caution.
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 (ie 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
at the time of reporting 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 comprising the LGA’s of
Brisbane City, Ipswich City, Logan City, Moreton Bay
Regional and Redland City
Sunshine
Coast (SD)
Sunshine Coast Region comprising the LGA's of
Sunshine Coast Regional and Noosa.
# Figures based upon the new council boundaries
^
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
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
ON THE MARKET INDICATORS
At the time of publication, latest information available
was for the 12 months ending the month prior to the
current period.
"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.
"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, listings without an advertised asking price and
properties sold at or above list price are excluded from
the calculation.
"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.
"% Stock on Market" is the percentage of dwellings within
the suburb or local government area that have been listed
for sale over the past year.
Source: REIQ, data supplied by CoreLogic RP Data (www.corelogic.com.au)
PRICE POINT GRAPHS
All data contained within these graphs represent
preliminary sales numbers 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.
Source: REIQ, data obtained from CoreLogic RPData
Data report date: 11 Nov 2015	 Published date: 14 Dec 2015
GROSS RENTAL YIELDS
House yields are based upon REIQ median house prices
and RTA median weekly rent for three bedroom houses.
Unit yields are based upon REIQ median unit &
townhouse sale prices and RTA median weekly rent for
two bedroom 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.
Only LGAs with a minimum sample size of 10 per cent
(based upon number of bonds held by the RTA) are
reported on.
N/A
Due to insufficient information received no vacancy rate
has been calculated
Source: REIQ Residential Rental Survey
RENTAL MARKET 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.
Figures for the new LGA's available for the current
quarter only.
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)
3
STATE-WIDE SUMMARY
SEPTEMBER QUARTER 2015
FALLING
STABILISINGRECOVERING
RISING
BRISBANE HOUSE MARKETS
September Quarter 2015
Source: REIQ
Brisbane
↑ Moreton Bay
↑ Logan
Redland
Ipswich
FALLING
STABILISINGRECOVERING
RISING
QUEENSLAND HOUSE MARKETS
September Quarter 2015
Source: REIQ
Brisbane SD
Cairns
Gold Coast
Sunsine Coast
Fraser Coast
Mackay
Bundaberg Gladstone
Rockhampton Townsville
↑ Toowoomba
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
3 QUEENSLAND MARKET MONITOR
Queensland market update	 1
REIQ Explanatory notes	 2
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
Total Listings
% Stock on Market
Average Vendor Discount	
Average Days on Market
Rental Market Indicators	 39
Gross rental yields	
Residential vacancy rates	
TABLE OF CONTENTS
REIQ
The tourism
centres
showed
significant
improvement
to house sales
markets
STATE-WIDE
SUMMARY CONTINUED
HOUSE MARKET
Over the September quarter, the Brisbane house market
led the way, with preliminary house sales reaching levels
not seen in more than five years. New listings helped
the market maintain equilibrium, fostering sustainable
property price growth.
Sales activity was also up across the southeast and the
tourism centres, with Ipswich the stand-out performer.
Ipswich also recorded the highest quarterly increase for
the Greater Brisbane region with the median house price
lifting 1.6 per cent to $320,000.
The tourism centres also continued to improve, with the
Gold Coast's median house price recording the highest
quarterly increase of all the major centres.
Cairns performed well over the quarter, recording a new
median house price of $400,000, up 2.6 per cent. With
house sales activity and listings up, the state’s
far north tourism destination moved into stronger market
conditions.
After easing sales activity over the first half of 2015,
Toowoomba house sales activity bounced back, up 13
per cent over the quarter. Following a strong 2014, local
agents say Toowoomba is likely to stick to the
established long-term trend of conservative yet
consistent property price growth.
On the Fraser Coast, sales market conditions remained
steady with little change.
Average days on market and average vendor discounting
remained relatively unchanged, while listings increased
slightly heading into spring.
In other regional centres, market conditions remained
weak, although, September quarter data shows Gladstone
may be turning a corner.
The major east coast cities of Rockhampton and
Townsville, along with Bundaberg also recorded relatively
stable house sales activity over the quarter, however
improvements in days on market and vendor discounting
have yet to be seen.
4 QUEENSLAND MARKET MONITOR
STATE-WIDE SUMMARY
HOUSES (<2400) UNITS & TOWNHOUSES VACANT LAND (<2400)
LGA
MEDIAN
SALE PRICE
QTRLY
CHANGE
SALES
ACTIVITY
CHANGE
MEDIAN
SALE PRICE
QTRLY
CHANGE
SALES
ACTIVITY
CHANGE
MEDIAN
SALE PRICE
QTRLY
CHANGE
SALES
ACTIVITY
CHANGE
GREATER BRISBANE
BRISBANE SD $480,000 0.2% 5% $397,500 1.9% 7% $207,750 -3.3% 4%
BRISBANE $615,000 0.8% 5% $430,000 1.2% 13% $342,500 0.4% 25%
IPSWICH $320,000 1.6% 12% $258,000 3.2% 15% $176,250 0.2% 18%
LOGAN $359,000 0.4% 5% $238,000 3.9% -15% $179,870 -0.8% -18%
MORETON BAY $406,000 1.2% 3% $330,000 3.9% -6% $240,000 1.9% -8%
REDLAND $485,000 1.0% 2% $390,000 6.1% ~ t -1% $28,000 -88.8% * b 16%
TOURISM CENTRES
GOLD COAST $545,000 3.8% 6% $345,000 -1.4% 27% $240,000 0.0% 9%
SUNSHINE COAST SD $496,500 0.3% 5% $366,500 -0.9% 2% $257,000 3.8% 4%
SUNSHINE COAST $492,500 0.5% 6% $358,000 -0.6% -3% $257,000 4.7% ~ -1%
NOOSA $520,000 -3.7% ~ -5% $434,000 3.2% 23% $310,000 N/A * f 67%"
FRASER COAST $300,000 0.2% 0% $216,250 -15.9% ~ f -13% $151,000 -8.5% ~ 36%"
CAIRNS $400,000 2.6% 12% $225,000 2.5% 10% $192,500 -3.5% ~ -22%
REGIONAL CENTRES
BUNDABERG $269,000 -2.6% 0% $271,000 27.8% ~ -35%" $142,500 0.4% 8%
GLADSTONE $342,000 -9.4% ~ -5% N/A N/A -52%" N/A N/A -44%"
MACKAY $345,000 -2.8% 9% $227,500 -18.8% ~ -29%" $156,000 -25.0% ~ 9%
ROCKHAMPTON $275,000 -7.4% ~ -5% $347,500 N/A 14%" $154,500 -2.8% 21%"
TOOWOOMBA $353,000 0.6% 13% $310,000 10.7% * t 23% $170,800 -7.2% ~ * 23%
TOWNSVILLE $342,000 0.3% -1% $250,000 -19.5% ~ -3% $150,000 -8.5% 57%
ON THE
MARKET"
HOUSES (ALL) UNITS (ALL)
LGA
STOCK
ON
MARKET
DAYS ON
MARKET
VENDOR
DISCOUNT
STOCK
ON
MARKET
DAYS ON
MARKET
VENDOR
DISCOUNT
GREATER BRISBANE
BRISBANE SD 7.2% 68 -5.6% 7.6% 78 -5.3%
BRISBANE 6.6% 59 -5.6% 6.9% 69 -4.8%
IPSWICH 7.9% 84 -6.6% 9.7% 117 -7.4%
LOGAN 7.7% 75 -5.4% 10.7% 93 -6.3%
MORETON BAY 7.6% 73 -5.3% 9.3% 104 -6.1%
REDLAND 8.5% 75 -5.7% 9.8% 91 -5.2%
TOURISM CENTRES
GOLD COAST 8.3% 72 -5.6% 9.7% 93 -6.1%
SUNSHINE COAST SD 9.4% 88 -5.8% 10.1% 106 -6.3%
SUNSHINE COAST 9.2% 85 -5.6% 10.1% 103 -6.2%
NOOSA 10.5% 104 -6.5% 10.4% 116 -6.9%
FRASER COAST 10.1% 110 -7.7% 13.5% 111 -6.3%
CAIRNS 7.7% 67 -6.4% 9.1% 87 -7.1%
REGIONAL QLD
BUNDABERG 8.8% 107 -8.1% 10.8% 140 -8.2%
GLADSTONE 7.3% 100 -9.4% 6.7% 121 -11.8%
MACKAY 6.9% 110 -11.4% 7.5% 133 -12.9%
ROCKHAMPTON 7.8% 103 -9.1% 7.6% 118 -7.4%
TOOWOOMBA 8.4% 67 -5.3% 7.8% 77 -4.2%
TOWNSVILLE 7.2% 94 -8.9% 9.8% 119 -9.1%
"All figures are for the 12months ending August 2015
SD - Statistical Division: Brisbane SD (Brisbane, Ipswich,
Logan, Moreton Bay & Redland); Sunshine Coast SD
(Sunshine Coast & Noosa)
"Due to low volume of sales, % changes should be used with caution.
N/A - not available due to insufficient sales numbers
b The median sale price for vacant land in the Redland City LGA is significantly impacted by shifts in the number of property sales on the bay islands
versus the number on the mainland in high quality subdivisions.
Mackay’s house market was patchy, with some market
indicators in decline despite sales numbers increasing
nine per cent over the quarter. The region’s median
house price softened 2.8 per cent to $345,000 over the
September quarter.
UNIT MARKET
Broadly speaking, the unit and townhouse markets
across the state followed the sales trends set by the
housing markets.
Greater Brisbane and the tourism centres were the
standout performers with the Gold Coast recording the
highest lift in preliminary sales activity.
Median sale prices in Greater Brisbane were up across
all council areas, while the tourism centres recorded
relatively steady results on the back of strong sales at the
affordable end of the market.
Data reveals that investor interest is picking up with Gold
Coast agents saying interstate investors are beginning to
turn their attention to the sunshine state.
Toowoomba’s unit and townhouse market rebounded
over the quarter, with sales up 23 per cent. News of
major infrastructure projects proceeding is keeping the
momentum in the market.
In other regional centres, sales turnover in the unit market
eased. Investor interest outside the southeast corner is
extremely limited and there is little or no new development
activity on the cards, softening local economies.
5
STATE-WIDE SUMMARY
SEPTEMBER QUARTER 2015
FOR FULL ON THE MARKET AND RENTAL MARKET STATISTICS
BY LOCAL GOVERNMENT AREA, SEE PAGE 37-39
VACANCY RATES
LGA/REGION SEP-15 TREND
GREATER BRISBANE
BRISBANE SD 2.3% STEADY
BRISBANE 2.8% STEADY
IPSWICH 1.3% DOWN
LOGAN 1.9% DOWN
MORETON BAY 1.6% STEADY
REDLAND 2.5% STEADY
TOURISM CENTRES
GOLD COAST 1.7% DOWN
SUNSHINE COAST SD 1.3% DOWN
SUNSHINE COAST 1.4% STEADY
NOOSA 0.9% DOWN
FRASER COAST 3.3% DOWN
CAIRNS 2.6% STEADY
REGIONAL QLD
BUNDABERG 4.6% STEADY
GLADSTONE 7.1% UP
MACKAY 9.1% STEADY
ROCKHAMPTON 4.5% DOWN
TOOWOOMBA 2.7% DOWN
TOWNSVILLE 5.6% STEADY
See page 39 for full vacancy rate data
* change greater than $20 (rents) or 0.5 pts (yields)
RENTAL TRENDS^ MEDIAN WEEKLY RENT GROSS RENTAL YIELDS
LGA 3-BED HOUSE 2-BED FLAT 3-BED TOWNHOUSE HOUSES UNITS
GREATER BRISBANE
BRISBANE $420 STEADY $400 STEADY $415 STEADY 3.6% STEADY 4.8% STEADY
IPSWICH $300 STEADY $255 STEADY $315 STEADY 4.9% STEADY 5.1% DOWN
LOGAN $350 STEADY $270 UP $340 STEADY 5.1% STEADY 5.9% STEADY
MORETON BAY $350 STEADY $280 STEADY $340 STEADY 4.5% STEADY 4.4% STEADY
REDLAND $390 STEADY $330 UP $395 STEADY 4.2% STEADY 4.4% STEADY
TOURISM CENTRES
GOLD COAST $450 STEADY $380 STEADY $400 STEADY 4.3% STEADY 5.7% STEADY
SUNSHINE COAST $420 STEADY $340 STEADY $410 UP 4.4% STEADY 4.9% STEADY
NOOSA $430 DOWN $360 STEADY $480 STEADY 4.3% STEADY 4.3% STEADY
FRASER COAST $360 STEADY $285 STEADY $375 UP* 5.0% UP* 5.9% UP
CAIRNS $290 STEADY $245 UP $310 DOWN 4.7% DOWN* 6.6% UP*
REGIONAL QLD
BUNDABERG $285 STEADY $220 STEADY $275 DOWN 5.5% STEADY 4.2% DOWN*
GLADSTONE $290 DOWN $220 DOWN* $300 DOWN* 4.4% UP N/A N/A
MACKAY $295 STEADY $220 STEADY $290 DOWN 4.4% STEADY 5.0% UP*
ROCKHAMPTON $290 STEADY $220 DOWN N.A. UP* 5.5% UP 3.3% N/A
TOOWOOMBA $300 STEADY $250 STEADY $300 DOWN* 4.4% STEADY 4.2% DOWN
TOWNSVILLE $305 STEADY $255 STEADY $330 STEADY 4.6% STEADY 5.3% UP*
RENTAL MARKET
Vacancy levels in the southeast corner are healthy to tight,
with many suburbs either tightening slightly over the
quarter or remaining in the healthy range.
However, as the sales market improves local agents
anticipate that the rental market will ease over the coming
quarters. Ongoing low interest rates mean that for many
renters - especially those in the inner city - the cost of
living is actually cheaper with a mortgage than in a rental
property. This will impact on rental vacancy rates as
renters move into home ownership.
In regional areas vacancy rates remained relatively
unchanged with weak rental market conditions prevailing.
Gladstone’s vacancy rate was the exception as it returned
to above seven per cent with more ex-mining company
owned properties coming into the private rental pool.
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6 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
BRISBANE
CITY
In line with historical September quarters, Brisbane’s house
market recorded a healthy rise in residential sales activity for
the 2015 September quarter.
While predictions have been prolific that the slowing
conditions in Sydney would flow through to other major
capital cities, Brisbane has clearly defied expectations.
On the market indicators of average days on market and
average vendor discounting have remained relatively
unchanged since the end of June, proving that the
Brisbane property market is growing at a healthy and
sustainable level.
Listing numbers continue to increase with more vendors
recognising the good selling conditions. This trend in
listings is encouraging and will ensure there is enough
supply to meet the growing demand. With more listings
coming onto the market to meet the growth in buyer
numbers, conditions are ripe for property prices to grow at a
steady rate.
HOUSE MARKET
Over the September quarter, Brisbane preliminary house
sales were up five per cent on the June quarter, taking
the city’s sales turnover to a level not seen in more than
five years.
With growing confidence and activity across all price
points, the overall median was up marginally, by 0.8 per
cent, to $615,000 – setting yet another record median
sale price.
Demand for houses in the $500 000-plus bracket grew
significantly, with 129 more sales this quarter compared
with the previous quarter.
The growth in listings across all price points is meeting
growing buyer demand with average days on market and
average vendor discounting rates at levels consistent
since the start of the year.
Standout suburbs over the quarter were typically middle to
outer-ring suburbs with Eight Mile Plains, Mount Gravatt
East and Manly West recording some of the strongest
increases in preliminary sales numbers.
The prestige market performed well this quarter. Two new
suburbs entered the million-dollar median price group,
with Grange and Robertson joining blue-chip suburbs
such as Bulimba, Chelmer, Hamilton, New Farm, Teneriffe
and St Lucia.
UNIT MARKET
Brisbane’s unit and townhouse market also performed
strongly with preliminary unit and townhouse sales up 13
per cent compared with the June quarter.
Increased activity was not confined to any one area with
the top increases in activity occurring in inner, middle
and outer ring suburbs.
Activity also increased across all price points with the
$350,000-plus price point recording the largest increase.
Sales in the prestige unit market lifted, with 14 more
sales in the million-dollar-plus category compared with
the June quarter.
Brisbane's median unit sale price was up 1.2 per cent to
$430,000 this quarter.
The median has hovered around this level since the
September quarter last year, indicating that real price
growth is yet to occur in this section of Brisbane’s
residential market.
With new apartments coming onto the market, listing
numbers were up 13 per cent on the previous year. As a
result, average days on market increased to 69 days while
average vendor discounting remained relatively stable,
up just 0.1 percentage points to 4.8 per cent over the year
to August.
RENTAL MARKET
Brisbane City vacancy rates increased marginally by 0.1
percentage points to 2.8 per cent, largely due to easing
conditions for the city’s inner ring.
Increased supply levels are starting to impact on the
inner city, with the vacancy rate easing to 3.3 per cent at
the end of September.
Local agents reported that asking rents were easing and
rental incentives were being used to help secure tenants.
Easing tenant demand was also reported.
However, even though demand is easing, generally
speaking median rents have not yet softened, with the
exception of the inner-north where rents dropped slightly
by $10 over the quarter.
In the middle to outer ring local agents reported that
despite low vacancy levels, listings were taking longer
to rent. Increased investor activity was also adding to
current supply levels.
Listing numbers continue
to increase with more
vendors recognising the
good selling conditions.
7SEPTEMBER QUARTER 2015
BRISBANE MARKET UPDATES
SALES MARKET - HOUSES
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
SALES MARKET - HOUSES (CONT’D)
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
BRISBANE (LGA) 3,481 $615,000 0.8% $608,000 6.6% 13.1%
BRISBANE (LGA) ^ ~ 94 $960,000 -6.1% $1,000,000 12.0% -0.5%
ACACIA RIDGE 20 $362,050 2.7% $356,100 7.9% 6.3%
ALBION 4 N/A N/A $717,750 7.1% 10.4%
ALDERLEY 22 $680,000 -6.7% $704,000 7.5% 14.5%
ALGESTER 30 $500,000 4.4% $470,000 5.6% 12.3%
ANNERLEY 23 $675,000 7.1% $650,000 0.0% 8.3%
ASCOT ~ 10 $1,700,000 32.9% $1,330,000 2.3% 8.6%
ASHGROVE 39 $752,500 -9.2% $820,000 4.8% 21.4%
ASPLEY 41 $540,000 -4.4% $536,000 3.1% 15.3%
AUCHENFLOWER 22 $850,000 -6.0% $850,000 -4.8% 7.3%
BALD HILLS 21 $440,000 10.8% $401,000 5.5% 2.8%
BALMORAL 16 $890,000 -8.0% $930,000 6.1% 19.2%
BANYO 22 $470,000 -0.7% $450,000 4.7% 5.1%
BARDON 24 $870,000 2.5% $830,000 0.2% 4.4%
BELLBOWRIE 16 $442,500 -8.5% $475,000 2.2% -1.6%
BELMONT 7 N/A N/A $593,500 4.6% 0.8%
BOONDALL 30 $457,000 2.1% $441,750 4.6% 4.7%
BRACKEN RIDGE 58 $441,000 -3.5% $440,000 5.3% 5.3%
BRIDGEMAN DOWNS 25 $725,500 0.1% $728,000 3.6% 4.0%
BRIGHTON ~ 35 $435,000 -14.6% $450,050 2.3% 8.4%
BROOKFIELD ^ ~ 4 N/A N/A $1,319,000 N/A N/A
BULIMBA 24 $1,260,000 14.5% $1,135,000 3.2% 26.1%
CALAMVALE 50 $610,000 2.0% $592,000 6.7% 12.8%
CAMP HILL ~ 39 $875,000 19.0% $762,000 6.4% 14.4%
CANNON HILL 15 $797,500 11.8% $703,500 5.5% 24.0%
CARINA 29 $603,750 -2.6% $588,750 7.2% 15.4%
CARINA HEIGHTS 14 $659,500 11.3% $600,500 3.5% 14.2%
CARINDALE 39 $765,000 -0.6% $750,444 5.9% 8.0%
CARSELDINE 22 $602,500 12.6% $571,000 5.7% 1.3%
CHAPEL HILL 28 $725,000 -1.8% $700,000 4.5% 7.7%
CHELMER ~ f 11 $1,160,500 29.3% $1,009,000 26.1% 13.4%
CHERMSIDE 14 $571,500 7.0% $531,500 2.2% 14.9%
CHERMSIDE WEST 18 $495,000 -1.0% $515,000 6.2% 9.6%
CLAYFIELD ~ 14 $810,000 -17.3% $970,000 9.3% 3.5%
COOPERS PLAINS 18 $480,000 -5.0% $500,000 7.5% 14.9%
COORPAROO 36 $800,000 6.3% $762,000 9.1% 12.7%
CORINDA ~ 9 N/A N/A $691,000 24.3% 11.9%
DARRA 10 $435,500 N/A $357,500 2.7% 0.7%
DEAGON 12 $429,000 3.4% $425,000 10.4% 4.7%
DOOLANDELLA 16 $460,000 N/A $430,000 7.5% 6.2%
DREWVALE 19 $502,500 -10.3% $525,000 10.4% 7.6%
DURACK 16 $375,325 -11.7% $397,500 8.0% 8.9%
EAST BRISBANE ~ 22 $745,000 -24.0% $785,000 8.3% 15.4%
EIGHT MILE PLAINS 36 $755,000 8.2% $700,000 7.7% 12.9%
ENOGGERA 13 $637,500 11.0% $637,500 9.9% 20.3%
EVERTON PARK 12 $523,750 -4.0% $530,000 3.3% 10.4%
FAIRFIELD 9 N/A N/A $660,000 1.5% 11.8%
FERNY GROVE 18 $500,000 -7.4% $522,500 -0.5% 4.7%
FIG TREE POCKET 9 N/A N/A $851,000 -2.2% 15.8%
FITZGIBBON 8 N/A N/A $430,000 3.4% 0.6%
FOREST LAKE 107 $415,000 6.4% $400,000 0.5% -1.7%
GAYTHORNE 8 N/A N/A $639,000 11.1% 20.6%
GEEBUNG 6 N/A N/A $465,000 -2.2% 2.2%
GORDON PARK 13 $720,000 N/A $720,000 -3.5% 25.2%
GRACEVILLE 14 $762,500 6.5% $720,000 5.8% 2.9%
GRANGE 16 $1,047,250 14.8% $810,000 6.9% 19.3%
GREENSLOPES 24 $740,000 12.5% $698,000 13.8% 12.8%
HAMILTON ~ 20 $1,068,500 -22.4% $1,197,500 21.6% 19.8%
HAWTHORNE ~ 23 $965,000 -20.2% $1,100,000 11.1% 29.4%
HEATHWOOD 6 N/A N/A $550,000 3.9% 0.1%
HEMMANT 7 N/A N/A $425,000 2.8% -1.2%
HENDRA ~ 15 $811,000 -22.8% $850,000 4.7% 5.0%
HIGHGATE HILL ~ 4 N/A N/A $1,052,500 23.8% 31.2%
HOLLAND PARK 30 $675,000 10.1% $645,000 9.3% 18.3%
HOLLAND PARK WEST 25 $710,000 6.3% $625,000 8.7% 12.2%
INALA 44 $330,000 3.1% $316,000 8.1% 6.4%
INDOOROOPILLY ~ 26 $755,000 -14.0% $799,000 8.0% 19.4%
JAMBOREE HEIGHTS 11 $449,000 3.5% $426,250 -3.1% -1.3%
JINDALEE ~ 24 $556,500 22.3% $510,000 5.3% 2.1%
KANGAROO POINT ~ f 11 $951,000 N/A $951,000 25.4% 42.6%
KARANA DOWNS 7 N/A N/A $399,000 6.1% 1.0%
KARANA DOWNS ^ 7 N/A N/A $524,500 14.0% 1.4%
KEDRON 29 $595,000 -2.1% $605,000 -3.2% 12.2%
KELVIN GROVE 10 $700,694 -8.7% $730,000 6.6% 15.0%
KENMORE 38 $610,000 -0.2% $597,500 4.2% 6.7%
KENMORE HILLS 6 N/A N/A $743,500 14.4% 8.4%
KEPERRA 13 $460,000 5.1% $462,750 4.9% 5.9%
KURABY ~ 24 $479,500 -24.2% $603,000 4.6% 9.6%
LOTA ~ 12 $500,000 -14.5% $555,000 7.1% 19.1%
LUTWYCHE 6 N/A N/A $746,666 3.7% 27.6%
MACGREGOR ~ 12 $755,250 2.1% $695,000 12.6% 31.1%
MACKENZIE 6 N/A N/A $730,000 9.4% 17.7%
MANLY 17 $765,000 3.4% $748,000 10.2% 5.6%
MANLY WEST 44 $537,500 -4.9% $538,500 10.1% 8.6%
MANSFIELD 26 $590,000 0.0% $560,000 2.8% 10.2%
MCDOWALL 22 $586,250 -3.1% $600,000 3.3% 8.1%
MIDDLE PARK 8 N/A N/A $568,000 8.2% 6.3%
MITCHELTON 20 $618,000 4.3% $586,250 7.6% 14.6%
MOGGILL 20 $544,000 0.3% $508,000 -0.1% 4.7%
MOOROOKA 39 $580,000 -3.3% $560,000 5.2% 14.3%
MORNINGSIDE 32 $758,000 14.0% $699,500 9.5% 18.0%
MOUNT GRAVATT 8 N/A N/A $630,750 13.1% 28.7%
MOUNT GRAVATT EAST 55 $565,000 0.9% $560,000 0.9% 17.6%
MURARRIE 18 $620,000 4.2% $600,000 9.8% 11.1%
NEW FARM 11 $1,363,000 6.5% $1,328,750 6.3% 20.8%
NEWMARKET 12 $700,000 -12.2% $756,000 3.4% 4.4%
NORMAN PARK 21 $765,000 7.7% $785,000 -0.6% 18.0%
NORTHGATE ~ 15 $560,000 -16.4% $625,000 9.2% 32.7%
NUDGEE 12 $601,000 8.3% $557,750 0.2% 17.4%
NUNDAH 21 $675,000 13.6% $720,000 10.8% 24.6%
OXLEY 29 $472,000 -9.0% $500,500 6.8% 10.2%
PADDINGTON 23 $845,000 -12.4% $880,000 -5.4% 8.6%
PARKINSON 33 $600,000 0.4% $585,000 3.1% 11.4%
PULLENVALE ^ ~ 4 N/A N/A $932,500 0.9% -12.9%
RED HILL 21 $817,500 1.6% $802,500 7.7% 16.3%
RICHLANDS 5 N/A N/A $415,000 N/A N/A
RIVERHILLS 16 $425,000 -8.8% $449,500 3.7% 3.3%
ROBERTSON ~ 11 $1,088,000 44.3% $803,500 8.3% 12.8%
ROCHEDALE 4 N/A N/A $918,000 N/A N/A
ROCKLEA 6 N/A N/A $380,000 6.4% 5.9%
RUNCORN 35 $515,000 -7.5% $505,000 7.7% 18.0%
SALISBURY 26 $521,500 0.4% $513,000 5.2% 14.0%
SANDGATE ~ 15 $660,000 19.5% $535,000 -6.6% -2.9%
SEVEN HILLS 10 $735,500 N/A $740,000 17.3% 26.5%
SEVENTEEN MILE ROCKS 9 N/A N/A $619,000 -5.5% 13.6%
SHERWOOD 9 N/A N/A $805,000 13.5% 17.8%
SHORNCLIFFE 5 N/A N/A $675,000 N/A 2.9%
SINNAMON PARK 26 $587,750 -9.2% $630,000 7.6% -1.3%
SPRING HILL 6 N/A N/A $893,000 -3.2% 17.7%
ST LUCIA 10 $1,150,000 4.5% $1,100,000 10.0% 11.1%
STAFFORD 26 $565,000 2.7% $551,000 4.0% 16.0%
STAFFORD HEIGHTS 24 $510,000 -3.3% $529,000 3.7% 11.4%
STRETTON ~ 17 $860,000 -4.7% $843,400 17.2% 36.3%
SUNNYBANK 27 $680,000 -6.3% $680,000 13.3% 26.2%
SUNNYBANK HILLS 42 $650,000 -2.2% $610,000 5.2% 19.6%
TAIGUM 11 $469,500 N/A $484,500 6.5% 7.4%
TARINGA 13 $890,000 0.6% $830,000 1.2% 9.2%
TARRAGINDI 37 $709,500 9.2% $680,000 13.3% 15.3%
TENERIFFE 8 N/A N/A $1,475,000 N/A N/A
THE GAP 60 $628,500 5.3% $611,750 7.3% 9.0%
TINGALPA 29 $449,500 -2.3% $462,000 0.4% 5.0%
TOOWONG 16 $900,000 9.1% $755,000 2.4% 7.1%
UPPER KEDRON 10 $611,750 N/A $600,750 11.3% 11.3%
UPPER MOUNT GRAVATT 36 $575,000 -5.7% $580,800 8.6% 22.9%
VIRGINIA 12 $550,000 7.3% $528,000 6.7% 22.8%
WAKERLEY 37 $713,500 3.0% $710,000 8.4% 17.4%
WAVELL HEIGHTS 44 $638,000 2.2% $628,750 9.8% 21.7%
8 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
SALES MARKET - UNITS & TOWNHOUSES
SALES MARKET - UNITS & TOWNHOUSES (CONT’D)
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
SALES MARKET - HOUSES (CONT’D)
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
BRISBANE (LGA) 2,172 $430,000 1.2% $430,000 2.4% 4.1%
ACACIA RIDGE 16 $348,000 N/A $348,000 0.0% N/A
ALBION ~ * 10 $410,000 -13.7% $419,000 -5.8% -4.6%
ALDERLEY 8 N/A N/A $435,000 -0.6% 10.1%
ANNERLEY ~ 34 $380,000 4.3% $389,000 -9.5% 3.2%
ASCOT ~ 14 $476,000 25.3% $428,000 -0.5% 5.5%
ASHGROVE 9 N/A N/A $440,000 -4.3% 7.3%
ASPLEY 12 $369,000 N/A $366,000 -5.7% -3.4%
AUCHENFLOWER ~ 26 $429,000 -13.3% $439,000 -7.0% 0.9%
BALMORAL 9 N/A N/A $526,000 13.7% 4.8%
BOWEN HILLS ~ * 17 $365,000 -24.0% $419,250 -7.1% -0.2%
BRACKEN RIDGE 4 N/A N/A $322,000 N/A -9.3%
BRIDGEMAN DOWNS 3 N/A N/A $345,000 N/A -6.6%
BRISBANE CITY 119 $481,250 -5.2% $497,500 -0.5% 8.2%
BULIMBA * 32 $625,000 11.1% $589,288 4.1% 14.9%
CALAMVALE 26 $397,888 10.5% $380,000 4.1% 5.8%
CAMP HILL 4 N/A N/A $407,000 N/A -5.3%
CARINA 21 $450,000 4.7% $450,000 4.8% 3.7%
CARINA HEIGHTS 12 $460,000 -6.1% $477,500 4.3% 3.8%
CARINDALE ~ t 7 N/A N/A $520,000 23.8% 2.5%
CARSELDINE 9 N/A N/A $380,000 -3.1% 2.4%
CHERMSIDE 33 $427,500 7.7% $405,000 1.3% -5.6%
CLAYFIELD 52 $367,500 -7.0% $375,100 -3.8% 3.0%
COOPERS PLAINS 2 N/A N/A $377,953 -1.6% N/A
COORPAROO ~ 41 $369,000 -11.1% $400,000 3.4% 4.4%
DARRA 8 N/A N/A $325,500 N/A N/A
DOOLANDELLA 1 N/A N/A $339,000 -2.7% 0.4%
EAST BRISBANE 18 $402,500 -10.6% $420,000 3.1% -5.8%
EIGHT MILE PLAINS 18 $400,000 -1.2% $405,000 5.2% 8.0%
ENOGGERA 5 N/A N/A $410,000 2.5% N/A
EVERTON PARK 19 $350,000 -8.4% $412,000 -0.1% 3.8%
FITZGIBBON 8 N/A N/A $358,000 N/A N/A
FORTITUDE VALLEY 52 $460,000 3.4% $450,500 1.2% 7.3%
GAYTHORNE 10 $424,500 4.4% $432,500 5.5% 1.8%
GORDON PARK 8 N/A N/A $400,250 10.0% 12.7%
GREENSLOPES 24 $381,000 -6.5% $376,500 0.7% -0.3%
HAMILTON ~ 43 $566,250 19.0% $567,500 11.1% 22.7%
HAWTHORNE ~ 14 $526,900 N/A $550,000 8.9% 31.0%
HIGHGATE HILL ~ 15 $520,000 -20.9% $534,000 4.7% 17.1%
WEST END 20 $977,500 -9.7% $990,000 1.0% 26.1%
WESTLAKE 11 $616,000 6.2% $610,000 -3.9% -1.2%
WILSTON 12 $877,500 7.6% $871,000 5.6% 2.3%
WINDSOR 21 $850,000 14.5% $767,500 12.0% 14.6%
WISHART 18 $659,250 -3.8% $630,000 12.1% 12.6%
WOOLLOONGABBA 7 N/A N/A $747,000 12.3% 10.2%
WOOLOOWIN 28 $835,000 10.5% $803,000 3.5% 16.4%
WYNNUM 50 $605,000 0.7% $616,000 16.8% 15.0%
WYNNUM WEST 50 $487,500 5.4% $465,000 -1.1% 4.5%
YERONGA ~ 15 $755,000 -15.2% $757,500 12.1% 12.2%
ZILLMERE 28 $443,250 0.2% $439,000 8.4% 10.0%
HOLLAND PARK WEST * 10 $413,201 -3.7% $431,250 14.2% 20.0%
INDOOROOPILLY 36 $464,750 -0.1% $462,500 -1.6% 0.0%
KANGAROO POINT 40 $526,250 3.2% $502,500 2.6% -3.4%
KEDRON ~ 12 $458,750 5.5% $432,500 21.8% 26.7%
KELVIN GROVE 24 $492,000 2.4% $452,450 -4.3% 8.5%
LUTWYCHE 14 $442,750 -3.8% $459,158 12.0% 17.7%
MANLY 8 N/A N/A $420,000 N/A N/A
MANLY WEST 8 N/A N/A $368,000 3.7% -3.8%
MCDOWALL 3 N/A N/A $468,750 15.7% N/A
MILTON * 3 N/A N/A $544,350 22.9% N/A
MITCHELTON 6 N/A N/A $420,000 N/A 6.5%
MOOROOKA 23 $400,000 -7.4% $407,500 10.1% -3.0%
MORNINGSIDE * 47 $485,000 -3.0% $480,000 1.9% 9.1%
MOUNT GRAVATT 2 N/A N/A $453,000 N/A N/A
MOUNT GRAVATT EAST * t 29 $430,000 -6.3% $447,000 13.2% 17.6%
MURARRIE 1 N/A N/A $440,000 -3.2% -4.3%
NEW FARM 46 $552,500 -7.9% $570,000 1.8% 7.5%
NEWMARKET 5 N/A N/A $430,000 -5.2% -8.5%
NEWSTEAD ~ 17 $723,500 -6.6% $715,000 -6.8% 4.9%
NORMAN PARK 13 $430,000 N/A $487,000 -4.0% 1.5%
NORTHGATE 11 $365,000 N/A $399,900 6.6% 14.3%
NUDGEE - N/A N/A $448,000 N/A N/A
NUNDAH ~ 67 $445,000 15.6% $413,500 -3.6% 3.9%
OXLEY 9 N/A N/A $363,000 N/A 0.8%
PADDINGTON 7 N/A N/A $515,000 6.1% 15.6%
RED HILL 14 $420,000 1.2% $445,000 9.3% N/A
RICHLANDS 8 N/A N/A $346,900 2.8% 2.6%
RUNCORN 21 $340,000 1.0% $332,000 -1.5% -2.1%
SHERWOOD * 21 $440,000 18.6% $445,000 0.0% 7.2%
SOUTH BRISBANE ~ 29 $494,500 1.0% $472,750 -8.2% -0.1%
SPRING HILL 38 $436,500 3.9% $435,400 12.4% 14.6%
ST LUCIA 35 $455,000 -10.3% $496,500 5.6% 12.3%
STAFFORD * 21 $407,500 -7.9% $440,500 11.5% 14.4%
SUNNYBANK HILLS 18 $360,000 N/A $350,000 1.4% -4.4%
TAIGUM ~ 17 $323,250 2.6% $346,000 -10.1% -3.9%
TARINGA 27 $395,000 -9.7% $435,000 4.3% 2.4%
TENERIFFE ~ 37 $590,000 18.5% $559,000 -9.8% 1.6%
THE GAP ~ t 13 $565,000 22.2% $465,000 3.4% 12.0%
TINGALPA 8 N/A N/A $365,000 10.8% 2.4%
TOOWONG ~ 44 $419,000 -8.3% $423,750 -7.4% -3.7%
UPPER MOUNT GRAVATT ~ t 21 $325,000 -14.9% $384,750 -14.7% -7.3%
WAKERLEY 4 N/A N/A $400,000 -3.1% -5.7%
WEST END ~ * 27 $565,000 -16.4% $585,000 13.8% 4.9%
WINDSOR ~ 10 $475,000 15.9% $460,000 16.5% 24.3%
WISHART 8 N/A N/A $385,000 2.4% 6.4%
WOOLLOONGABBA 16 $439,000 4.5% $418,000 4.8% -1.6%
WYNNUM * 20 $390,000 -4.8% $435,000 17.6% 13.0%
WYNNUM WEST ~ t 13 $360,000 15.8% $345,000 -3.9% 2.1%
YERONGA 11 $493,000 8.4% $466,250 7.1% 12.3%
ZILLMERE ~ 10 $312,250 -12.9% $353,750 4.0% -3.1%
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
9SEPTEMBER QUARTER 2015
BRISBANE MARKET UPDATES
RENTAL MARKET - 3 BED HOUSES (CONT’D)
POST SEP-15 SEP-14
CODE LOCALITYL
$/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 3 BED HOUSES
POST SEP-15 SEP-14
CODE LOCALITYL
$/WEEK NEW BONDS $/WEEK NEW BONDS
SALES MARKET - VACANT LAND
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
BRISBANE (LGA) 176 $342,500 0.4% $345,000 7.8% 16.2%
BRISBANE (LGA) ^ 9 N/A N/A $700,000 2.9% 29.0%
BRIDGEMAN DOWNS 4 N/A N/A $390,000 -3.1% N/A
CARINDALE 5 N/A N/A $505,500 9.9% N/A
FITZGIBBON * G 10 $147,500 -15.2% $196,500 0.8% -12.6%
HEATHWOOD * 31 $293,000 10.6% $269,000 1.5% 14.5%
KENMORE - N/A N/A $400,000 N/A N/A
KURABY - N/A N/A $343,000 4.3% N/A
ROCHEDALE 13 $375,000 N/A $438,000 5.5% N/A
UPPER KEDRON 2 N/A N/A $319,500 -1.6% 7.6%
BRISBANE CITY $420 2885 $415 2932
BAYSIDE $420 142 $410 151
4178 WYNNUM $420 104 $400 82
4179 MANLY $415 38 $420 69
CITY INNER $550 236 $530 231
4000 BRISBANE CITY $595 23 $555 28
4005 NEW FARM $550 25 $700 7
4006 BOWEN HILLS $590 9 $520 11
4064 PADDINGTON $570 54 $540 51
4066 TOOWONG $510 37 $500 49
4067 ST LUCIA $450 5 $180 10
4101 SOUTH BRISBANE $585 30 $530 26
4102 WOOLOONGABBA $480 21 $470 20
4169 EAST BRISBANE $545 32 $545 29
NORTH - INNER $455 324 $450 302
4007 ASCOT $555 14 $575 13
4010 ALBION $495 14 $550 6
4011 CLAYFIELD $500 40 $500 36
4012 NUNDAH $430 83 $435 64
4030 LUTWYCHE $475 46 $470 47
4031 GORDON PARK $450 53 $430 46
4051 ALDERLEY $450 74 $450 89
NORTH - OUTER $400 405 $390 419
4013 NORTHGATE $430 15 $380 16
4014 VIRGINIA $410 43 $380 36
4017 BRACKEN RIDGE $395 106 $380 141
4018 FITZGIBBON $395 31 $390 26
4032 CHERMSIDE $400 57 $400 48
4034 ASPLEY $400 139 $390 133
4036 BALD HILLS $360 14 $365 19
NORTH WEST - INNER $525 91 $500 121
4059 KELVIN GROVE $540 36 $500 51
4060 ASHGROVE $520 36 $475 32
4065 BARDON $485 19 $500 38
NORTH WEST - OUTER $420 263 $420 220
4053 STAFFORD $415 166 $415 139
4054 ARANA HILLS $410 57 $400 41
4061 THE GAP $460 40 $460 40
SOUTH - INNER $430 342 $425 320
4103 ANNERLEY $450 43 $450 31
4104 YERONGA $450 10 $440 14
4105 MOOROOKA $425 48 $420 47
4120 GREENSLOPES $470 24 $450 18
4121 HOLLAND PARK $450 76 $430 80
4122 MANSFIELD $400 140 $400 129
SOUTH - OUTER $390 333 $380 371
4106 ROCKLEA $350 10 $360 14
4107 SALISBURY $390 27 $395 29
4108 COOPERS PLAINS $390 28 $380 32
4109 MACGREGOR $400 116 $400 107
4110 ACACIA RIDGE $350 38 $340 54
4112 KURABY $360 10 $390 9
4113 EIGHT MILE PLAINS $390 67 $385 83
4115 ALGESTER $390 18 $370 19
4116 CALAMVALE $420 19 $390 24
SOUTH EAST - INNER $475 304 $450 293
4151 COORPAROO $490 35 $450 26
4152 CAMP HILL $465 120 $450 117
4170 CANNON HILL $475 91 $450 97
4171 BALMORAL $520 45 $550 36
4172 MURARRIE $400 13 $430 17
SOUTH EAST - OUTER $440 41 $410 56
4153 BELMONT $450 10 $400 8
4154 GUMDALE $475 5 $530 7
4173 TINGALPA $420 17 $410 30
4174 HEMANT $360 5 $370 8
SOUTH WEST - INNER $450 103 $430 108
4068 CHELMER $450 31 $450 42
4075 CORINDA $440 72 $420 66
SOUTH WEST - OUTER $365 301 $360 340
4069 BROOKFIELD $460 35 $450 40
4070 ANSTEAD $400 8 N.A. 4
4073 SEVENTEEN MILE ROCKS $380 14 $400 15
4074 JINDALEE $390 67 $380 54
4076 DARRA $330 22 $340 27
4077 DOOLANDELLA $335 76 $320 73
4078 FOREST LAKE $360 79 $350 127
34 38 36 33
20
70
58
28
<$250,000 $250,000+ $350k+ $500k+
BRISBANE CITY LAND SALES (p)
JUN 15 SEP 15
BRISBANE SURROUNDS LAND SALES (p)
Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
79
352
890
490
6181
391
1026
548
75
<$250,000 $250,000+ $350k+ $500k+ $1m+
BRISBANE CITY UNIT SALES (p)
JUN 15 SEP 15
269 286
173
70
7
235 246
203
65
4
<$250,000 $250,000+ $350k+ $500k+ $1m+
BRISBANE SURROUNDS UNIT SALES (p)
JUN 15 SEP 15
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
678
GOLD COAST UNIT SALES (p)
JUN 15 SEP 15
2
3
<$
3
<$
HOUSE PRICEPOINTS
BRISBANE SURROUNDS HOUSE SALES (p)
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
FRASER COAST HOUSE SALES (p)
JUN 15 SEP 15
133
<$3
ROCKH
114
740
1,997
318
124
755
2,126
333
<$350k $350k+ $500k+ $1m+
BRISBANE CITY HOUSE SALES (p)
JUN 15 SEP 15
215
163
56
233
200
59
<$350k $350k+ $500k+
TOOWOOMBA HOUSE SALES (p)
JUN 15 SEP 15
10 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
RENTAL MARKET - 2 BED UNITS
POST SEP-15 SEP-14
CODE LOCALITYL
$/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 3 BED TOWNHOUSES
POST SEP-15 SEP-14
CODE LOCALITYL
$/WEEK NEW BONDS $/WEEK NEW BONDS
DID YOU KNOW?
YOU CAN GET MEDIAN WEEKLY RENTS FOR OTHER PROPERTY TYPES ONLINE AT
WWW.RTA.QLD.GOV.AU
BRISBANE CITY $415 1715 $405 1653
BAYSIDE $400 144 $400 91
4178 WYNNUM $410 103 $400 53
4179 MANLY $395 41 $390 38
CITY INNER $610 65 $600 66
4000 BRISBANE CITY $600 7 N.A. 2
4005 NEW FARM $690 9 N.A. 2
4006 BOWEN HILLS $490 11 $625 13
4064 PADDINGTON $595 7 $600 14
4066 TOOWONG $640 5 $550 11
4067 ST LUCIA $610 10 $575 9
4169 EAST BRISBANE $620 9 $550 8
NORTH - INNER $490 114 $470 96
4007 ASCOT $550 13 $550 9
4011 CLAYFIELD $520 13 $500 12
4012 NUNDAH $470 20 $450 18
4030 LUTWYCHE $490 13 $495 8
4031 GORDON PARK $460 27 $450 19
4051 ALDERLEY $490 24 $450 28
NORTH - OUTER $390 196 $380 236
4013 NORTHGATE $430 11 $410 12
4014 VIRGINIA $450 7 $0 0
4017 BRACKEN RIDGE $370 42 $365 34
4018 FITZGIBBON $370 32 $296 66
4032 CHERMSIDE $425 28 $430 22
4034 ASPLEY $400 67 $395 93
4036 BALD HILLS $365 9 $294 9
NORTH WEST - INNER $510 16 $500 20
4059 KELVIN GROVE $570 7 $500 13
4060 ASHGROVE $450 6 N.A. 4
NORTH WEST - OUTER $420 46 $425 51
4053 STAFFORD $420 37 $425 41
4054 ARANA HILLS $400 7 $400 7
SOUTH - INNER $450 155 $440 155
4103 ANNERLEY $480 29 $490 27
4104 YERONGA $500 11 $480 17
4105 MOOROOKA $420 12 $450 23
4120 GREENSLOPES $465 18 $495 15
4121 HOLLAND PARK $430 9 $460 7
4122 MANSFIELD $430 75 $420 66
SOUTH - OUTER $400 395 $390 396
4107 SALISBURY $505 6 $495 7
4109 MACGREGOR $415 75 $405 63
4110 ACACIA RIDGE $350 8 $340 41
4112 KURABY $385 18 $380 18
4113 EIGHT MILE PLAINS $410 145 $400 149
4115 ALGESTER $375 27 $380 31
4116 CALAMVALE $385 112 $385 85
SOUTH EAST - INNER $480 241 $485 209
4151 COORPAROO $500 21 $495 8
4152 CAMP HILL $450 114 $450 96
4170 CANNON HILL $500 61 $500 69
4171 BALMORAL $595 38 $540 30
4172 MURARRIE $530 7 $475 6
SOUTH EAST - OUTER $415 59 $410 55
4153 BELMONT $430 10 $420 7
4154 GUMDALE $410 33 $410 30
4173 TINGALPA $399 16 $385 17
SOUTH WEST - INNER $400 62 $420 76
4068 CHELMER $510 11 $485 25
4075 CORINDA $400 51 $400 51
SOUTH WEST - OUTER $360 222 $360 202
4073 SEVENTEEN MILE ROCKS $400 14 $400 11
4074 JINDALEE $480 19 $435 19
4076 DARRA $375 15 $375 28
4077 DOOLANDELLA $355 130 $355 103
4078 FOREST LAKE $365 39 $355 38
BRISBANE CITY $400 4716 $400 4474
BAYSIDE $320 51 $340 37
4178 WYNNUM $310 36 $330 26
4179 MANLY $370 15 $430 11
CITY INNER $495 1924 $495 1925
4000 BRISBANE CITY $580 365 $590 358
4005 NEW FARM $500 359 $495 300
4006 BOWEN HILLS $495 254 $495 279
4064 PADDINGTON $410 64 $405 64
4066 TOOWONG $390 183 $415 248
4067 ST LUCIA $430 125 $430 110
4101 SOUTH BRISBANE $500 284 $500 289
4102 WOOLOONGABBA $450 84 $460 101
4169 EAST BRISBANE $490 206 $465 176
NORTH - INNER $360 924 $360 855
4007 ASCOT $420 172 $395 136
4010 ALBION $375 28 $390 29
4011 CLAYFIELD $345 128 $355 131
4012 NUNDAH $390 237 $375 220
4030 LUTWYCHE $340 140 $340 125
4031 GORDON PARK $325 77 $330 74
4051 ALDERLEY $350 142 $340 140
NORTH - OUTER $350 263 $350 241
4013 NORTHGATE $310 25 $300 27
4017 BRACKEN RIDGE $305 25 $300 22
4018 FITZGIBBON $350 13 $330 5
4032 CHERMSIDE $350 103 $375 102
4034 ASPLEY $350 92 $350 77
NORTH WEST - INNER $435 187 $400 156
4059 KELVIN GROVE $485 134 $430 106
4060 ASHGROVE $360 40 $380 40
4065 BARDON $300 13 $300 10
NORTH WEST - OUTER $375 110 $370 95
4053 STAFFORD $375 107 $370 91
SOUTH - INNER $365 403 $365 444
4103 ANNERLEY $350 105 $350 113
4104 YERONGA $370 26 $370 37
4105 MOOROOKA $350 67 $350 69
4120 GREENSLOPES $360 86 $370 104
4121 HOLLAND PARK $350 42 $340 35
4122 MANSFIELD $410 73 $390 84
SOUTH - OUTER $335 60 $320 58
4106 ROCKLEA $300 5 $250 6
4107 SALISBURY $306 7 N.A. 4
4108 COOPERS PLAINS $400 20 $250 6
4109 MACGREGOR $390 14 $390 24
4113 EIGHT MILE PLAINS $375 5 $340 5
4115 ALGESTER $290 8 $300 6
SOUTH EAST - INNER $390 490 $380 387
4151 COORPAROO $360 177 $360 152
4152 CAMP HILL $360 43 $360 30
4170 CANNON HILL $390 105 $395 88
4171 BALMORAL $450 149 $435 114
4172 MURARRIE $410 16 N.A. 3
SOUTH EAST - OUTER N/A 6 N/A 2
SOUTH WEST - INNER $385 270 $370 251
4068 CHELMER $390 214 $375 212
4075 CORINDA $364 56 $335 39
SOUTH WEST - OUTER $320 28 $325 23
4076 DARRA $240 6 $250 6
4077 DOOLANDELLA $290 8 N.A. 1
4078 FOREST LAKE $330 10 $335 10
11SEPTEMBER QUARTER 2015
BRISBANE MARKET UPDATES
GREATER BRISBANE
FALLING
STABILISINGRECOVERING
RISING
BRISBANE HOUSE MARKETS
September Quarter 2015
Source: REIQ
Brisbane
↑ Moreton Bay
↑ Logan
Redland
Ipswich
QUEENSLAND HOUSE MARKETS
September Quarter 2015
↑ Toowoomba
The Brisbane Statistical Division, also known as Greater
Brisbane, improved considerably with preliminary sales
activity and listings up significantly.
Average days on market and average vendor discounting
have continued to improve, despite increased supply
coming onto the market which would normally soften
those statistics. Data reveals that the outer suburbs are in
demand from owner occupiers and investors.
The strengthening local economy and positive population
growth are key drivers for continued property demand.
Rental markets throughout Greater Brisbane are tight and
demand from tenants is spread throughout the inner,
middle and outer suburbs as many move further out
seeking more affordable options. Investors are offloading
properties and in many cases selling to owner occupiers.
HOUSE MARKET
For the September quarter, the Brisbane Statistical
Division (SD) recorded little change in its median house
price, up 0.2 per cent. However, sales activity was up five
per cent compared with the previous quarter.
Moreton Bay has taken the lead as the strongest
performing house market in Greater Brisbane with
the shortest days on market and lowest average
vendor discounting.
Logan City has recorded the largest increase in
preliminary sales activity over the year to September, up 17
per cent.
Logan has also overtaken Redland City in average vendor
discounting.
Ipswich may be trailing the other regions in terms of time
on market and vendor discounting, but it was the standout
performer for sales activity.
According to local agents, this comes as no surprise given
the relative affordability of the region and the strong rental
yields being achieved.
Owner occupiers are starting to see good value for money
in suburbs outside of metropolitan Brisbane. Over the
year to September, the suburbs of Yamanto (Ipswich),
Deception Bay (Moreton Bay), Rochedale South (Logan)
and Mango Hill (Moreton Bay) recorded the highest
increase in preliminary sales compared to the previous
year including suburbs within metropolitan Brisbane.
Median prices across the Greater Brisbane council areas
are likely to continue to attract buyer interest given their
relative affordability and accessibility to major business
and retail districts.
UNIT MARKET
Over the September quarter, Brisbane Statistical Division
median sale price increased 1.9 per cent off the back of a
seven per cent increase in preliminary sales numbers.
While median sale price growth was consistent across the
council areas, sales activity was mixed.
Ipswich once again recorded the strongest increase in
sales activity while buyer activity in Logan, Moreton Bay
and Redland City eased or stabilised.
Interest in the Ipswich unit and townhouse market is
strong with average days on market and average vendor
discounting remaining relatively unchanged, despite an
increase of 12 per cent in listings over the year to August.
RENTAL MARKET
Vacancy rates in the outer suburbs of Greater Brisbane
were mixed, with Ipswich City tightening to 1.3 per cent, a
new lowest record for the region.
Local agents say rental stock is low as a result of
continued tenant demand and many tenants are staying
put partly because their options are so limited. The sale of
investment properties to owner-occupiers is contributing
to the short supply rental stock.
Logan City vacancy rate dropped, while Moreton Bay
has remained below two per cent despite a slight lift this
quarter.
The Pine Rivers region in the Moreton Bay council area
remains one of the tightest rental markets with a vacancy
rate of 1.3 per cent.
Local agents in the Redland City Council area say new
residential developments are adding to supply and are
competitively priced, which means established rentals are
experiencing tougher conditions. Over the three months
to September, the region’s vacancy rate was up 0.2
percentage points to 2.5 per cent.
12 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
MUNRUBEN ^ 7 N/A N/A $516,000 0.2% 1.2%
NEW BEITH ^ 10 $562,750 N/A $550,000 -0.9% 4.0%
REGENTS PARK 53 $360,000 -4.5% $355,278 0.4% -2.7%
ROCHEDALE SOUTH 59 $464,000 3.1% $453,000 6.6% 8.1%
SHAILER PARK 42 $527,250 1.4% $510,000 6.6% 8.5%
SLACKS CREEK 29 $320,000 4.6% $315,000 6.8% 5.0%
SPRINGWOOD 23 $435,000 -3.9% $443,500 1.3% 5.5%
TANAH MERAH 19 $410,000 -1.9% $410,000 3.8% 4.6%
UNDERWOOD 24 $500,000 0.9% $500,000 4.5% 11.7%
WATERFORD 15 $358,000 -5.8% $380,000 7.0% -6.2%
WATERFORD WEST 15 $314,000 -6.3% $311,000 -1.0% -2.8%
WINDAROO 16 $397,000 -8.3% $420,000 0.7% -1.2%
WOODRIDGE 27 $298,000 3.7% $280,000 7.7% 3.3%
YARRABILBA 14 $395,000 5.9% $381,950 -3.7% N/A
MORETON BAY (LGA) 1,349 $406,000 1.2% $401,000 2.8% 0.3%
MORETON BAY (LGA) ^ 219 $582,000 0.8% $590,000 5.4% -1.6%
ALBANY CREEK 38 $571,500 -1.1% $540,000 8.0% 2.5%
ARANA HILLS 22 $482,500 2.5% $487,330 6.9% 7.1%
BANKSIA BEACH ~ f 30 $580,000 28.9% $490,000 5.2% 1.0%
BEACHMERE 7 N/A N/A $320,000 0.8% -11.1%
BELLARA 12 $352,500 12.4% $325,000 -0.9% -4.4%
BELLMERE 21 $350,000 7.7% $335,000 3.1% -7.7%
BONGAREE 21 $367,500 -11.4% $389,000 -2.1% -7.4%
BRAY PARK 37 $387,000 -0.8% $385,000 5.5% 4.6%
BUNYA ^ 7 N/A N/A $802,500 10.5% N/A
BURPENGARY 24 $406,000 5.5% $382,000 7.0% 1.9%
BURPENGARY ^ 9 N/A N/A $543,750 2.6% 2.3%
BURPENGARY EAST 4 N/A N/A $410,500 3.4% N/A
BURPENGARY EAST ^ 6 N/A N/A $525,000 -0.9% -6.3%
CABOOLTURE 57 $290,250 3.8% $295,000 2.8% -7.8%
CABOOLTURE ^ 21 $517,500 5.6% $500,000 10.9% 6.4%
CABOOLTURE SOUTH 23 $279,000 5.9% $266,000 -3.3% -9.2%
CASHMERE ~ 13 $684,500 16.8% $653,750 5.9% 21.1%
CLONTARF 40 $415,000 0.0% $395,000 5.3% 9.1%
DAKABIN 7 N/A N/A $450,000 5.9% 4.7%
DECEPTION BAY 80 $330,000 4.6% $320,000 6.7% 0.0%
EATONS HILL 16 $546,000 3.9% $540,000 1.1% 5.2%
ELIMBAH ^ 12 $505,000 -1.9% $510,000 6.3% -1.1%
EVERTON HILLS 10 $527,000 5.0% $512,000 5.6% 10.7%
FERNY HILLS 23 $512,500 2.5% $486,250 4.9% 5.7%
GRIFFIN 29 $455,000 8.1% $438,250 1.3% 5.6%
JOYNER 6 N/A N/A $533,000 N/A 14.6%
KALLANGUR 57 $370,000 4.8% $355,000 4.1% -0.6%
KIPPA-RING 25 $385,000 0.0% $375,000 0.0% 1.4%
LAWNTON 13 $365,000 3.9% $362,500 7.1% 3.9%
MANGO HILL ~ 24 $515,000 17.6% $455,000 4.5% 0.7%
MARGATE 24 $410,000 -8.9% $417,000 11.2% 8.3%
MORAYFIELD 57 $335,000 4.7% $325,000 4.8% -3.0%
MORAYFIELD ^ 12 $558,000 4.3% $550,000 5.8% 0.0%
MURRUMBA DOWNS 24 $463,000 -7.4% $481,500 7.0% 9.4%
NARANGBA 61 $447,500 2.9% $440,000 4.8% 1.4%
NARANGBA ^ 5 N/A N/A $650,000 N/A N/A
NEWPORT 13 $799,000 N/A $799,000 -1.4% -6.0%
NINGI 7 N/A N/A $360,000 2.3% N/A
NINGI ^ 14 $442,250 N/A $508,750 6.0% -1.2%
NORTH LAKES 81 $445,000 -1.1% $449,750 0.1% -1.2%
PETRIE 33 $372,000 -3.1% $392,000 5.9% 1.1%
REDCLIFFE 33 $397,500 -0.4% $390,000 3.4% 2.6%
ROTHWELL 18 $404,250 2.9% $397,000 3.1% 3.7%
SAMFORD VALLEY ^ 16 $880,000 N/A $875,000 1.6% 5.7%
SANDSTONE POINT 14 $379,500 -3.9% $380,000 2.7% -5.0%
SCARBOROUGH ~ f 33 $415,000 -22.3% $465,000 -3.0% -3.1%
STRATHPINE 40 $350,500 -1.3% $355,000 0.0% 1.4%
TOORBUL 6 N/A N/A $275,000 N/A N/A
UPPER CABOOLTURE 7 N/A N/A $335,000 6.3% -3.1%
UPPER CABOOLTURE ^ 6 N/A N/A $530,000 4.4% -3.2%
WAMURAN ^ 12 $522,500 N/A $532,500 9.0% N/A
WARNER 44 $485,000 4.3% $482,500 2.7% 0.7%
SALES MARKET - HOUSES (CONT’D)
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
SALES MARKET - HOUSES
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
BRISBANE (SD) 7,002 $480,000 0.2% $480,000 2.1% 5.5%
BRISBANE (SD) ^ 582 $585,000 1.7% $580,000 3.6% -0.6%
IPSWICH (LGA) 718 $320,000 1.6% $320,000 4.6% 0.0%
IPSWICH (LGA) ^ 58 $500,000 2.8% $480,000 5.5% -2.0%
AUGUSTINE HEIGHTS 19 $445,000 -3.1% $499,500 2.7% -11.6%
BELLBIRD PARK 16 $315,000 3.9% $325,000 4.4% 1.9%
BOOVAL 11 $289,500 8.2% $279,500 7.5% -2.6%
BRASSALL 36 $335,000 6.3% $322,000 2.2% -3.9%
BROOKWATER ~ * 13 $730,000 N/A $700,000 -2.8% N/A
BUNDAMBA 24 $271,000 0.7% $280,000 1.8% 2.4%
CAMIRA 20 $355,500 0.1% $349,500 5.2% -0.4%
COALFALLS 10 $290,000 N/A $290,000 N/A N/A
COLLINGWOOD PARK 34 $329,500 6.3% $313,000 2.6% -2.0%
DEEBING HEIGHTS 14 $369,000 N/A $380,000 N/A N/A
EAST IPSWICH ~ 10 $250,000 -29.8% $270,000 12.5% -1.8%
EASTERN HEIGHTS 12 $256,000 -1.5% $265,000 -2.8% -5.9%
FLINDERS VIEW ~ 16 $305,500 -16.8% $337,000 -5.7% -15.2%
GAILES 7 N/A N/A $235,250 N/A N/A
GOODNA 27 $285,000 0.9% $285,000 1.8% -3.4%
IPSWICH ~ 14 $315,000 -4.5% $343,500 30.6% 3.5%
KARALEE ^ 11 $560,000 8.7% $515,000 1.0% -2.4%
LEICHHARDT 8 N/A N/A $222,000 3.3% -11.2%
NEWTOWN 6 N/A N/A $325,000 3.7% -5.8%
NORTH BOOVAL 9 N/A N/A $275,000 19.6% -3.1%
NORTH IPSWICH 17 $265,000 -1.9% $264,000 4.3% -10.1%
ONE MILE 9 N/A N/A $245,000 6.5% -4.3%
RACEVIEW 37 $306,000 1.2% $307,000 1.3% -5.5%
REDBANK 8 N/A N/A $292,500 N/A N/A
REDBANK PLAINS 69 $310,000 1.5% $310,000 5.1% 2.3%
RIVERVIEW 9 N/A N/A $223,750 -4.8% -11.6%
ROSEWOOD 5 N/A N/A $274,750 5.7% 3.3%
SADLIERS CROSSING 9 N/A N/A $321,000 N/A 1.6%
SILKSTONE 13 $287,000 7.1% $262,500 -0.9% -7.0%
SPRINGFIELD 32 $405,000 5.2% $390,000 3.2% 4.3%
SPRINGFIELD LAKES 54 $410,000 -1.3% $414,936 5.0% 2.3%
YAMANTO 32 $420,000 2.4% $415,000 18.6% 18.6%
LOGAN (LGA) 910 $359,000 0.4% $358,000 3.8% -0.6%
LOGAN (LGA) ^ 180 $537,500 1.4% $526,750 3.3% 2.3%
BEENLEIGH 34 $300,000 -4.3% $305,500 5.3% -7.4%
BETHANIA 9 N/A N/A $302,000 7.0% -4.1%
BORONIA HEIGHTS 24 $318,000 3.2% $315,000 0.0% -0.3%
BROWNS PLAINS 21 $320,000 1.6% $315,000 3.4% -3.7%
CEDAR GROVE ^ 7 N/A N/A $419,000 -1.4% -0.2%
CEDAR VALE ^ 9 N/A N/A $460,000 7.0% 5.1%
CHAMBERS FLAT ^ 5 N/A N/A $508,000 N/A N/A
CORNUBIA ^ 6 N/A N/A $745,000 N/A N/A
CORNUBIA ~ 20 $505,000 26.3% $495,000 5.3% 5.4%
CRESTMEAD 51 $302,000 -2.6% $302,000 4.1% -3.2%
DAISY HILL 32 $430,000 2.4% $450,000 4.3% 7.1%
EAGLEBY 43 $281,000 3.3% $271,500 6.5% -6.4%
EDENS LANDING 16 $344,000 10.3% $339,000 -0.3% -6.1%
FORESTDALE ^ 5 N/A N/A $720,000 11.6% 7.1%
GREENBANK ^ 25 $560,000 7.7% $526,500 1.7% 0.3%
HERITAGE PARK 16 $436,000 -2.4% $417,500 2.7% -0.6%
HILLCREST 14 $336,000 0.0% $335,000 4.7% -1.5%
HOLMVIEW 11 $353,500 -1.3% $358,000 N/A N/A
JIMBOOMBA 13 $385,250 -1.2% $377,750 4.6% 0.7%
JIMBOOMBA ^ 22 $472,000 2.6% $465,000 1.1% -5.0%
KINGSTON 39 $300,000 5.8% $285,000 7.5% -0.8%
LOGAN CENTRAL 14 $295,000 0.0% $289,145 9.5% 4.0%
LOGAN RESERVE 14 $360,000 -12.6% $374,806 10.6% N/A
LOGAN VILLAGE ^ 5 N/A N/A $492,000 -0.6% -8.3%
LOGANHOLME 20 $385,000 8.1% $380,000 6.1% 1.3%
LOGANLEA 24 $325,000 -8.1% $331,250 7.4% 1.9%
MARSDEN 43 $326,000 0.3% $334,500 7.2% 3.6%
MEADOWBROOK 8 N/A N/A $389,500 5.3% -2.4%
MOUNT WARREN PARK 28 $329,000 -7.5% $335,500 -1.3% -11.2%
13SEPTEMBER QUARTER 2015
BRISBANE MARKET UPDATES
WARNER ^ 4 N/A N/A $763,000 10.6% N/A
WOODY POINT ~ 17 $425,000 -14.5% $440,000 13.5% 11.6%
REDLAND (LGA) 544 $485,000 1.0% $480,000 3.2% 2.1%
REDLAND (LGA) ^ 31 $788,500 -8.7% $850,000 6.9% 1.8%
ALEXANDRA HILLS 51 $429,500 4.8% $419,500 2.3% 2.3%
BIRKDALE 36 $520,000 4.0% $497,000 3.3% 4.7%
CAPALABA 41 $438,750 2.8% $435,000 2.4% 5.4%
CAPALABA ^ 4 N/A N/A $830,000 0.0% 0.6%
CLEVELAND ~ 54 $610,000 15.4% $550,000 7.1% 4.1%
MACLEAY ISLAND 15 $217,000 N/A $224,000 9.3% -10.2%
MOUNT COTTON 20 $462,500 -7.4% $480,000 2.3% 3.2%
ORMISTON 23 $699,000 5.6% $650,250 18.4% 4.9%
REDLAND BAY 51 $512,500 -0.5% $510,000 2.2% 4.1%
RUSSELL ISLAND ~ 13 $198,000 21.8% $170,000 -2.9% -24.8%
THORNESIDE ~ 12 $496,000 23.2% $480,000 9.7% 5.0%
THORNLANDS 42 $520,000 -5.5% $535,000 4.6% -3.1%
THORNLANDS ^ 9 N/A N/A $872,500 N/A -4.1%
VICTORIA POINT 49 $500,000 4.2% $486,475 4.0% -0.7%
WELLINGTON POINT 42 $500,000 -13.0% $567,500 9.1% 4.1%
SURROUNDS
LOCKYER VALLEY (LGA) 43 $250,000 8.1% $244,000 -0.6% -10.0%
LOCKYER VALLEY (LGA) ^ 60 $330,000 -5.7% $355,000 4.4% -1.4%
GATTON 17 $242,250 -2.9% $250,000 -3.3% -13.8%
KENSINGTON GROVE ^ 4 N/A N/A $375,000 3.7% N/A
LAIDLEY 9 N/A N/A $212,000 -0.2% -15.6%
LAIDLEY HEIGHTS ^ 4 N/A N/A $294,000 N/A -12.2%
REGENCY DOWNS ^ ~ 5 N/A N/A $292,500 -4.1% -14.0%
SCENIC RIM (LGA) 55 $385,000 6.8% $369,000 5.4% -1.6%
SCENIC RIM (LGA) ^ 80 $518,500 -2.2% $510,000 6.3% 0.5%
BEAUDESERT 13 $325,000 3.5% $328,000 2.9% -2.4%
BOONAH 4 N/A N/A $275,000 1.9% 0.5%
KOORALBYN ^ 6 N/A N/A $310,932 -1.3% -8.5%
TAMBORINE ^ 10 $533,500 0.9% $525,000 -1.4% -7.5%
TAMBORINE MOUNTAIN 21 $460,000 11.9% $430,000 -1.1% -3.4%
TAMBORINE MOUNTAIN ^ ~ 16 $820,000 28.6% $740,000 26.5% -2.6%
SOMERSET (LGA) 32 $238,000 -7.8% $247,500 -2.6% -9.2%
SOMERSET (LGA) ^ 48 $375,000 4.2% $370,000 -2.5% 0.0%
FERNVALE 6 N/A N/A $335,000 -0.6% N/A
KILCOY 7 N/A N/A $227,000 -4.6% -17.5%
LOWOOD 3 N/A N/A $250,000 -3.1% -7.4%
SALES MARKET - HOUSES (CONT’D)
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
79
352
890
490
6181
391
1026
548
75
<$250,000 $250,000+ $350k+ $500k+ $1m+
BRISBANE CITY UNIT SALES (p)
JUN 15 SEP 15
269 286
173
70
7
235 246
203
65
4
<$250,000 $250,000+ $350k+ $500k+ $1m+
BRISBANE SURROUNDS UNIT SALES (p)
JUN 15 SEP 15
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
GOLD COAST UNIT SALES (p)
JUN 15 SEP 15
<
SALES MARKET - UNITS & TOWNHOUSES (CONT’D)
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
BRISBANE (SD) 2,937 $397,500 1.9% $395,000 1.3% 3.3%
IPSWICH (LGA) 85 $258,000 3.2% $298,000 3.2% 3.5%
BRASSALL 1 N/A N/A $248,500 0.2% -16.5%
BUNDAMBA 6 N/A N/A $302,900 4.4% N/A
GOODNA ~ 9 N/A N/A $252,000 -18.7% N/A
REDBANK PLAINS ~ 3 N/A N/A $225,000 2.7% -23.7%
SPRINGFIELD LAKES 5 N/A N/A $381,900 N/A N/A
SALES MARKET - UNITS & TOWNHOUSES
LOGAN (LGA) 235 $238,000 3.9% $241,000 -2.8% -12.4%
BEENLEIGH ~ 8 N/A N/A $190,000 7.5% -22.4%
BORONIA HEIGHTS ~ t 2 N/A N/A $225,000 12.5% N/A
DAISY HILL 5 N/A N/A $312,500 N/A N/A
EAGLEBY ~ 21 $230,000 11.7% $210,000 -19.2% -25.0%
EDENS LANDING 4 N/A N/A $210,000 N/A N/A
HILLCREST 6 N/A N/A $230,000 6.4% N/A
KINGSTON 5 N/A N/A $275,000 -6.8% -8.3%
LOGAN CENTRAL 5 N/A N/A $184,000 8.2% -10.2%
MARSDEN 8 N/A N/A $331,000 0.3% -6.8%
MEADOWBROOK 5 N/A N/A $248,000 -1.6% -17.3%
MOUNT WARREN PARK 4 N/A N/A $215,000 4.4% -14.0%
ROCHEDALE SOUTH 6 N/A N/A $275,000 1.7% -3.8%
SHAILER PARK 10 $288,000 N/A $280,000 6.5% -8.4%
SLACKS CREEK 15 $227,000 N/A $215,000 7.5% -10.9%
SPRINGWOOD 9 N/A N/A $277,500 6.5% -1.6%
UNDERWOOD 7 N/A N/A $357,500 -5.9% 10.0%
WATERFORD WEST 6 N/A N/A $195,000 0.0% -15.2%
WOODRIDGE 34 $191,500 0.3% $189,000 3.8% -14.9%
MORETON BAY (LGA) 305 $330,000 3.9% $332,500 0.8% -2.2%
ALBANY CREEK * t 2 N/A N/A $417,000 N/A N/A
BELLARA ~ 2 N/A N/A $230,000 N/A -21.4%
BONGAREE 18 $300,000 -4.8% $308,750 6.6% -11.8%
BRENDALE ~ t 17 $255,000 -10.8% $267,000 -16.6% -10.7%
BURPENGARY 2 N/A N/A $281,500 4.3% -7.7%
CABOOLTURE ~ 11 $201,000 -3.8% $189,950 -4.8% -34.5%
CLONTARF ~ 2 N/A N/A $391,250 -9.2% 13.4%
DECEPTION BAY ~ 12 $240,000 3.0% $240,000 -10.8% -26.2%
GRIFFIN 6 N/A N/A $358,500 1.3% N/A
KALLANGUR 16 $300,000 -1.6% $307,250 -6.6% -5.5%
KIPPA-RING 5 N/A N/A $280,000 5.1% -16.9%
LAWNTON ~ 8 N/A N/A $225,000 2.3% -34.8%
MANGO HILL 2 N/A N/A $365,000 2.8% -2.7%
MARGATE 7 N/A N/A $360,000 -3.4% -1.1%
MORAYFIELD 3 N/A N/A $275,000 N/A 8.3%
MURRUMBA DOWNS 14 $330,000 -6.5% $340,000 -3.3% -2.3%
NORTH LAKES ~ 5 N/A N/A $422,500 17.7% N/A
PETRIE 3 N/A N/A $335,500 N/A N/A
REDCLIFFE ~ 24 $331,250 -10.5% $371,800 7.8% -8.2%
SCARBOROUGH ~ 14 $409,500 19.7% $377,500 -3.2% -13.2%
STRATHPINE 4 N/A N/A $263,500 3.4% -7.7%
WOODY POINT ~ 11 $330,000 N/A $310,000 -2.4% -33.0%
WOORIM 7 N/A N/A $353,750 N/A N/A
REDLAND (LGA) ~ t 140 $390,000 6.1% $394,500 12.7% 8.1%
BIRKDALE 11 $392,500 -0.6% $387,500 N/A N/A
CAPALABA ~ 20 $315,000 14.5% $306,114 2.6% 0.4%
CLEVELAND 36 $388,500 11.6% $400,000 -3.6% 3.9%
ORMISTON 7 N/A N/A $360,000 2.9% 2.3%
THORNESIDE 13 $325,000 N/A $321,000 3.2% 7.4%
THORNLANDS 2 N/A N/A $394,500 N/A N/A
VICTORIA POINT 7 N/A N/A $376,000 7.4% 3.0%
WELLINGTON POINT 11 $458,900 1.0% $456,900 N/A N/A
HOUSE PRICEPOINTS
1,194
1,412
628
18
1,265
1,508
652
29
<$350k $350k+ $500k+ $1m+
BRISBANE SURROUNDS HOUSE SALES (p)
JUN 15 SEP 15
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
GOLD COAST HOUSE SALES (p)
JUN 15 SEP 15
BUNDABERG HOUSE SALES (p)
JUN 15 SEP 15
211
71
14
203
78
13
<$350k $350k+ $500k+
FRASER COAST HOUSE SALES (p)
JUN 15 SEP 15
RO
114
740
1,997
318
124
755
2,126
333
<$350k $350k+ $500k+ $1m+
BRISBANE CITY HOUSE SALES (p)
JUN 15 SEP 15
215
163
56
233
200
59
<$350k $350k+ $500k+
TOOWOOMBA HOUSE SALES (p)
JUN 15 SEP 15
14 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
REDLAND (LGA) ~ B 158 $28,000 -88.8% $240,000 3.0% -3.7%
BIRKDALE 2 N/A N/A $309,000 -0.5% 4.7%
MACLEAY ISLAND ~ 22 $36,000 -7.7% $33,000 17.9% -35.3%
MOUNT COTTON 5 N/A N/A $256,000 -2.3% 0.2%
REDLAND BAY 6 N/A N/A $290,000 1.8% 3.6%
RUSSELL ISLAND ~ * 63 $18,000 -14.3% $18,500 -7.5% -49.5%
THORNLANDS * 12 $286,250 -11.1% $295,000 -1.0% 11.3%
WELLINGTON POINT 3 N/A N/A $362,000 2.3% 12.4%
SURROUNDS
LOCKYER VALLEY (LGA) ~ 7 N/A N/A $103,750 3.8% -17.0%
LOCKYER VALLEY (LGA) ^ ~ 21 $135,000 4.2% $131,000 1.2% -3.0%
KENSINGTON GROVE ^ 4 N/A N/A $148,500 N/A 12.1%
SCENIC RIM (LGA) 11 N/A N/A $179,900 0.2% -2.5%
SCENIC RIM (LGA) ^ ~ 10 N/A N/A $225,000 -2.2% 24.0%
GLENEAGLE 4 N/A N/A $179,900 0.8% N/A
SOMERSET (LGA) 6 N/A N/A $144,000 6.7% 8.3%
FERNVALE - N/A N/A $149,000 2.8% 7.2%
SALES MARKET - VACANT LAND (CONT’D)
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
RENTAL MARKET - 3 BED HOUSES
POST SEP-15 SEP-14
CODE LOCALITYL
$/WEEK NEW BONDS $/WEEK NEW BONDS
BRISBANE (SD) 772 $207,750 -3.3% $213,200 -0.8% 4.0%
BRISBANE (SD) ^ 105 $272,500 0.0% $275,000 3.8% -3.1%
IPSWICH (LGA) 124 $176,250 0.2% $179,900 0.5% 1.5%
IPSWICH (LGA) ^ 20 $268,750 N/A $255,000 2.4% 0.6%
BELLBIRD PARK 7 N/A N/A $219,900 11.6% -4.4%
BRASSALL 4 N/A N/A $185,000 2.8% 4.5%
BROOKWATER 10 $330,000 N/A $344,000 9.1% N/A
DEEBING HEIGHTS 8 N/A N/A $181,200 10.3% N/A
KARALEE ^ 5 N/A N/A $280,000 9.8% 6.4%
LEICHHARDT * 1 N/A N/A $147,500 -11.9% -17.1%
REDBANK PLAINS * 8 N/A N/A $154,000 9.2% -12.0%
RIPLEY * 9 N/A N/A $172,500 N/A N/A
SOUTH RIPLEY ~ * 11 $158,000 -14.1% $179,900 N/A N/A
SPRINGFIELD LAKES ~ * 13 $201,000 12.9% $198,000 5.3% 13.1%
LOGAN (LGA) 146 $179,870 -0.8% $181,220 3.0% -11.6%
LOGAN (LGA) ^ 39 $268,000 -0.7% $265,000 1.9% 3.9%
BUCCAN ^ 1 N/A N/A $290,000 -1.7% N/A
CORNUBIA 5 N/A N/A $365,000 5.8% N/A
CRESTMEAD 7 N/A N/A $210,000 N/A 5.0%
HOLMVIEW 5 N/A N/A $178,850 7.2% -15.6%
JIMBOOMBA 7 N/A N/A $160,100 -9.5% -13.6%
JIMBOOMBA ^ * 11 $258,000 N/A $252,500 10.9% 17.4%
LOGAN RESERVE * 9 N/A N/A $170,000 9.7% N/A
LOGAN VILLAGE 3 N/A N/A $250,000 0.4% N/A
LOGANLEA * - N/A N/A $202,000 N/A 4.1%
MARSDEN - N/A N/A $196,250 7.5% 1.2%
NEW BEITH ^ 4 N/A N/A $295,000 7.7% 15.0%
WATERFORD 7 N/A N/A $190,000 8.3% 6.4%
YARRABILBA ~ * 45 $146,325 -10.6% $164,950 9.6% N/A
MORETON BAY (LGA) 168 $240,000 1.9% $227,000 6.0% 11.6%
MORETON BAY (LGA) ^ 34 $270,000 1.9% $287,000 8.3% -13.0%
BANKSIA BEACH 2 N/A N/A $415,000 -1.8% -11.7%
BURPENGARY * - N/A N/A $212,900 0.0% N/A
CABOOLTURE 8 N/A N/A $185,000 5.6% -5.1%
CABOOLTURE ^ 6 N/A N/A $265,000 3.9% N/A
DAKABIN 5 N/A N/A $224,000 12.0% 6.7%
GRIFFIN * 25 $250,000 N/A $244,000 14.0% 18.3%
KALLANGUR * 9 N/A N/A $232,000 N/A 13.2%
MANGO HILL 5 N/A N/A $245,000 7.5% 16.7%
MORAYFIELD 5 N/A N/A $185,000 7.6% -4.1%
NARANGBA 6 N/A N/A $210,000 1.9% -7.9%
NORTH LAKES * 10 $290,275 8.8% $257,360 9.6% 24.2%
WARNER 11 $251,900 5.7% $240,000 6.4% 2.1%
IPSWICH CITY $300 805 $300 797
4300 AUGUSTINE HEIGHTS $350 187 $340 217
4301 COLLINGWOOD PARK $310 108 $310 119
4303 DINMORE $280 32 $270 26
4304 BLACKSTONE $285 97 $280 83
4305 BASIN POCKET $290 280 $280 273
4306 AMBERLEY $320 66 $330 53
4340 ASHWELL $290 28 $265 24
4346 MARBURG $300 7 N.A. 2
LOGAN CITY $350 991 $340 980
4114 KINGSTON $320 186 $315 177
4118 BROWNS PLAINS $340 93 $340 106
4119 UNDERWOOD $375 11 $395 15
4123 PRIESTS GULLY $395 46 $380 43
4124 BORONIA HEIGHTS $340 40 $350 45
4125 MUNRUBEN $460 9 $430 7
4127 CHATSWOOD HILLS $370 104 $360 103
4128 KIMBERLEY PARK $400 41 $385 35
4129 LOGANDALE $375 26 $355 29
4130 CARBROOK $390 10 $385 14
4131 LOGANLEA $350 36 $350 41
4132 CRESTMEAD $340 106 $325 90
4133 CHAMBERS FLAT $360 50 $350 28
4205 BETHANIA $330 25 $330 18
4207 ALBERTON $340 176 $330 195
4280 JIMBOOMBA $410 31 $400 26
MORETON BAY REGIONAL $350 1087 $340 1059
4019 CLONTARF $365 73 $360 89
4020 NEWPORT $370 82 $360 73
4021 KIPPA-RING $355 28 $350 30
4022 ROTHWELL $335 19 $320 24
4035 ALBANY CREEK $410 29 $400 17
4055 BUNYA $400 39 $410 30
4500 BRAY PARK $360 68 $350 78
4501 LAWNTON $340 19 $330 23
4502 FRENCHS FOREST $360 20 $350 30
4503 DAKABIN $355 106 $350 107
4504 NARANGBA $360 32 $320 30
4505 BURPENGARY $340 29 $340 22
SALES MARKET - VACANT LAND
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
LAND PRICEPOINTS
34 38 36 33
20
70
58
28
<$250,000 $250,000+ $350k+ $500k+
BRISBANE CITY LAND SALES (p)
JUN 15 SEP 15
449
100
44
8
464
100
29
3
<$250,000 $250,000+ $350k+ $500k+
BRISBANE SURROUNDS LAND SALES (p)
JUN 15 SEP 15
Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
GOLD COAST LAND SALES (p)
JUN 15 SEP 15
53
5 1
78
1 1
<$250,000 $250,000+ $350k+
FRASER COAST LAND SALES (p)
JUN 15 SEP 15
53
<$25
ROC
46
2 0
54
4
1
<$250,000 $250,000+ $350k+
TOOWOOMBA LAND SALES (p)
JUN 15 SEP 15
15
<$25
BUNDABERG LAND SALES (p)
JUN 15 SEP 15
15SEPTEMBER QUARTER 2015
BRISBANE MARKET UPDATES
4506 MOORINA $305 66 $295 54
4507 BANKSIA BEACH $350 41 $335 44
4508 DECEPTION BAY $320 92 $305 106
4509 MANGO HILL $380 102 $380 78
4510 BALINGOOL $300 173 $285 162
4511 GODWIN BEACH $345 23 $335 28
4514 BELLTHORPE $330 9 $300 12
4520 ARMSTRONG CREEK $435 14 $450 8
4521 CAMPBELLS POCKET $370 14 $410 7
REDLAND CITY $390 343 $380 361
4157 CAPALABA $395 22 $400 30
4158 THORNESIDE $385 14 $360 9
4159 AQUATIC PARADISE $395 23 $395 25
4160 EROBIN $420 31 $390 39
4161 ALEXANDRA HILLS $400 43 $390 47
4163 CLEVELAND $415 39 $420 50
4164 PINKLANDS $410 20 $395 21
4165 MOUNT COTTON $410 59 $395 61
4183 AMITY $360 7 $310 6
4184 COOCHIEMUDLO ISLAND $250 85 $245 73
LOCKYER VALLEY REGIONAL $280 103 $270 116
4341 BLENHEIM $280 49 $270 41
4342 CROWLEY VALE $280 10 $270 18
4343 ADARE $280 38 $275 49
SOMERSET REGIONAL $275 67 $280 63
4311 ATKINSONS DAM $265 28 $260 27
4312 BRYDEN $280 7 $280 13
4313 BIARRA $230 17 N.A. 3
4515 GLENFERN $310 15 $300 20
RENTAL MARKET - 3 BED HOUSES (CONT’D)
POST SEP-15 SEP-14
CODE LOCALITYL
$/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 2 BED UNITS
RENTAL MARKET - 3 BED TOWNHOUSES
POST SEP-15 SEP-14
CODE LOCALITYL
$/WEEK NEW BONDS $/WEEK NEW BONDS
IPSWICH CITY $255 183 $250 171
4300 AUGUSTINE HEIGHTS $260 39 $250 35
4301 COLLINGWOOD PARK $265 18 $270 30
4304 BLACKSTONE $250 30 $245 29
4305 BASIN POCKET $250 91 $240 64
4306 AMBERLEY $265 5 $225 12
LOGAN CITY $270 216 $260 200
4114 KINGSTON $265 76 $260 58
4123 PRIESTS GULLY $310 7 N.A. 3
4127 CHATSWOOD HILLS $280 22 $300 18
4131 LOGANLEA $285 8 N.A. 3
4132 CRESTMEAD $295 7 $260 8
4133 CHAMBERS FLAT $285 13 $250 11
4207 ALBERTON $260 64 $250 76
4280 JIMBOOMBA $280 9 $270 8
MORETON BAY REGIONAL $280 486 $270 527
4019 CLONTARF $270 55 $270 81
4020 NEWPORT $300 89 $290 80
4500 BRAY PARK $290 32 $300 44
4501 LAWNTON $285 11 $280 17
4502 FRENCHS FOREST $250 6 N.A. 3
4503 DAKABIN $280 60 $280 53
4505 BURPENGARY $270 19 $230 9
4506 MOORINA $275 16 $250 13
4507 BANKSIA BEACH $280 48 $280 56
4508 DECEPTION BAY $270 15 $264 20
4509 MANGO HILL $300 24 $315 15
4510 BALINGOOL $260 98 $250 102
REDLAND CITY $330 60 $330 71
4157 CAPALABA $325 8 $325 13
4160 EROBIN $335 8 N.A. 4
4161 ALEXANDRA HILLS $158 5 N.A. 3
4163 CLEVELAND $376 28 $368 34
4165 MOUNT COTTON $330 6 N.A. 1
LOCKYER VALLEY REGIONAL $225 18 $200 16
4343 ADARE $235 15 $225 11
IPSWICH CITY $315 164 $310 142
4300 AUGUSTINE HEIGHTS $365 65 $310 51
4301 COLLINGWOOD PARK $310 26 $310 25
4304 BLACKSTONE $305 39 $305 37
4305 BASIN POCKET $300 32 $305 28
LOGAN CITY $340 462 $335 432
4114 KINGSTON $310 55 $315 49
4118 BROWNS PLAINS $345 70 $350 47
4119 UNDERWOOD $345 22 $410 36
4123 PRIESTS GULLY $340 7 $340 8
4127 CHATSWOOD HILLS $340 32 $315 38
4128 KIMBERLEY PARK $325 18 $340 15
4131 LOGANLEA $350 49 $350 23
4132 CRESTMEAD $340 66 $345 50
4133 CHAMBERS FLAT $325 27 $315 22
4205 BETHANIA $340 12 $340 31
4207 ALBERTON $320 95 $320 105
MORETON BAY REGIONAL $340 616 $335 513
4019 CLONTARF $335 9 $350 12
4020 NEWPORT $350 13 $340 12
4021 KIPPA-RING $325 47 $330 38
4035 ALBANY CREEK $385 15 $385 8
4500 BRAY PARK $350 67 $335 29
4501 LAWNTON $340 13 $330 11
4502 FRENCHS FOREST $335 19 $330 15
4503 DAKABIN $340 197 $340 174
4504 NARANGBA $350 10 $345 6
4505 BURPENGARY $305 26 $310 20
4506 MOORINA $315 13 $310 17
4507 BANKSIA BEACH $320 5 N.A. 4
4508 DECEPTION BAY $310 60 $310 56
4509 MANGO HILL $350 103 $350 89
4510 BALINGOOL $300 11 $295 10
REDLAND CITY $395 190 $390 92
4157 CAPALABA $380 19 $360 19
4158 THORNESIDE $370 13 $390 12
4160 EROBIN $385 63 $395 8
4163 CLEVELAND $410 32 $435 32
4164 PINKLANDS $395 45 N.A. 1
4165 MOUNT COTTON $395 11 $395 13
... Moreton Bay has taken
the lead as the strongest
performing house market
16 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
GOLD COAST
18 29
<$350k $350k+ $500k+ $1m+
55
557
698
119
44
567
776
139
<$350k $350k+ $500k+ $1m+
GOLD COAST HOUSE SALES (p)
JUN 15 SEP 15
1
4
70
431 427
58
92
437
477
42
<$350k $350k+ $500k+ $1m+
SUNSHINE COAST & NOOSA HOUSE SALES (p)
JUN 15 SEP 15
This quarter the Gold Coast has continued to improve with
solid growth in sales activity across all residential markets.
Key to the Gold Coast’s strengthening property market has
been growing employment opportunities, and in this regard
the Gold Coast is leading the charge in Queensland.
Both infrastructure and residential developments have
boosted jobs in the construction industry which is resulting
in an influx of residents to the region. The strengthening
tourism industry is also paving the way for further job
opportunities.
As Sydney and Melbourne potentially reach the peaks
of their respective markets it’s anticipated that more
buyers will be looking to the southeast corner for
purchasing opportunities.
The Brisbane to Gold Coast corridor continues to grow
and is creating pressure for infrastructure to keep
pace, including roads, water and sewerage lines. Traffic
congestion is a significant issue, with many commuters
travelling daily between Brisbane and the Gold Coast.
Upgrades to this arterial road network remain a priority, with
a $74.7 million interchange upgrade at Coomera just one
example of the local council’s efforts to improve safety and
traffic flow.
HOUSE MARKET
The Gold Coast house market performed strongly this
quarter, with preliminary house sales numbers up six
per cent over the quarter and 14 per cent over the year to
September 2015.
Similar to other strengthening house markets in
Queensland, this increased activity isn’t translating to
significant price growth. However, the Gold Coast recorded
the largest change in its median house price for both the
quarter and the year ending September, up 3.8 and seven
per cent respectively.
Local agents reported that buyers were still somewhat
price sensitive and were not rushing to purchase.
With the influx of new residents to the region, local agents
say affordably priced properties are in highest demand.
Outer suburbs in particular, such as Upper Coomera and
Pacific Pines remain in strong demand, recording the
largest increase in house sales over the year to September
for the Gold Coast region.
The prestige market is also performing strongly with well-
located properties in highest demand.
Average days on market have remained steady at 72 days,
however average vendor discounting continues to trend
downwards and at 5.6 per cent, is now almost half the
peak of around 10 per cent recorded in mid-2012.
UNIT MARKET
The unit and townhouse market claims the lion's share of
the Gold Coast residential sales market with sales up 27
per cent over the quarter.
According to local agents, investors as well as owner
occupiers are looking to the apartment market more –
driven by the accessibility to the inner city, infrastructure
and beaches.
Affordable stock is in highest demand and despite strong
sales in the prestige end of the market, units in the sub-
$350,000 price point recorded the largest increase in sales
activity for the quarter.
As a result, the median unit sale price was down slightly
by 1.4 per cent to $345,000.
RENTAL MARKET
In the REIQ residential rental survey for September, Gold
Coast agents reported strong tenant demand and low
supply levels.
As a result the vacancy rate tightened to 1.7 per cent. The
region has remained below 2.5 per cent (considered the
lower end of the healthy range) for two years.
Despite this consistently limited vacancy rate, median
rental prices have remained in check. According to the
RTA’s September quarter figures, median weekly rents
remained relatively unchanged.
17
REGIONAL MARKET UPDATES
SEPTEMBER QUARTER 2015
GOLD COAST (LGA) 1,579 $545,000 3.8% $535,000 7.0% 4.9%
GOLD COAST (LGA) ^ 179 $710,000 -2.1% $712,500 6.3% 0.4%
ARUNDEL 31 $566,000 6.8% $530,000 12.8% 12.8%
ASHMORE 30 $500,000 0.0% $508,750 6.0% 6.0%
BENOWA 43 $825,000 10.0% $780,000 11.4% 1.6%
BIGGERA WATERS 9 N/A N/A $660,000 18.9% 14.3%
BONOGIN ^ 15 $665,000 1.5% $655,000 11.0% -1.9%
BROADBEACH WATERS 31 $840,000 6.5% $819,750 1.2% 0.0%
BUNDALL 23 $755,500 -8.4% $822,500 6.1% -12.0%
BURLEIGH HEADS 16 $670,000 -10.7% $641,000 4.6% 8.6%
BURLEIGH WATERS 60 $695,000 1.5% $667,500 15.1% 17.1%
CARRARA 43 $474,750 -6.9% $465,500 1.2% 4.9%
CLEAR ISLAND WATERS 10 $905,000 -5.5% $951,000 13.7% 4.5%
COOLANGATTA 8 N/A N/A $750,000 N/A N/A
COOMBABAH 26 $432,500 -4.3% $435,000 8.9% -1.1%
COOMERA ~ f 48 $479,500 -13.6% $465,000 30.3% -18.4%
CURRUMBIN ~ f 6 N/A N/A $900,000 21.2% 48.7%
CURRUMBIN VALLEY ^ 8 N/A N/A $750,000 N/A N/A
CURRUMBIN WATERS 32 $600,000 12.1% $550,000 9.3% 10.0%
ELANORA 44 $580,000 10.5% $545,000 5.8% 3.3%
GILSTON 7 N/A N/A $498,500 6.3% N/A
HELENSVALE 50 $517,500 -1.4% $525,000 9.4% 8.2%
HIGHLAND PARK 20 $444,000 0.7% $437,500 2.9% 2.2%
HOLLYWELL 13 $618,500 -10.4% $630,000 16.7% 8.8%
HOPE ISLAND ~ f 69 $850,000 0.9% $813,750 9.1% -22.5%
JACOBS WELL 10 $362,500 N/A $385,000 N/A N/A
LABRADOR 36 $460,000 2.2% $457,500 6.4% 4.2%
LOWER BEECHMONT 2 N/A N/A $350,000 N/A -8.5%
MAUDSLAND 22 $483,250 10.2% $487,000 5.9% 10.2%
MERMAID BEACH 10 $1,212,500 -0.9% $1,037,500 11.0% -17.7%
MERMAID WATERS ~ f 44 $846,000 17.5% $750,000 13.6% 15.2%
MERRIMAC 22 $468,000 -1.7% $467,000 11.2% 9.6%
MIAMI 10 $675,000 3.8% $620,000 6.9% 11.7%
MOLENDINAR 21 $568,000 6.4% $549,500 9.9% 9.5%
MUDGEERABA 35 $477,000 1.5% $498,750 6.1% 2.8%
MUDGEERABA ^ 14 $706,000 N/A $670,000 6.3% -8.2%
NERANG 39 $400,000 -3.9% $390,000 5.1% 2.0%
NERANG ^ 16 $852,500 N/A $845,000 18.2% N/A
ORMEAU 43 $430,000 0.9% $434,500 3.9% -2.4%
ORMEAU HILLS 11 $515,000 9.9% $476,500 6.8% -6.0%
OXENFORD 53 $466,500 8.1% $455,000 4.9% -0.5%
PACIFIC PINES 78 $458,500 -2.4% $465,000 1.8% 0.0%
PALM BEACH 54 $676,250 5.3% $630,000 12.5% 12.7%
PARADISE POINT ~ f 23 $765,000 -15.0% $884,000 9.7% 0.5%
PARKWOOD 23 $545,000 1.9% $530,000 9.1% 7.1%
PIMPAMA ~ 17 $392,000 -15.8% $423,500 8.6% 5.9%
REEDY CREEK 17 $665,000 3.7% $655,000 6.2% -1.1%
ROBINA ~ 65 $622,500 17.9% $585,000 11.4% 7.9%
RUNAWAY BAY 25 $825,250 10.8% $875,000 8.2% 18.6%
SOUTHPORT 61 $506,500 -1.9% $504,000 11.4% 6.1%
SURFERS PARADISE 32 $1,105,000 6.8% $1,225,000 10.4% -5.3%
TALLAI ^ ~ 11 $855,000 N/A $783,750 16.1% 2.8%
TALLEBUDGERA ^ ~ 10 $702,500 -8.9% $735,000 8.9% 2.1%
TALLEBUDGERA VALLEY ^ 2 N/A N/A $750,000 0.0% N/A
TUGUN 15 $502,550 5.5% $495,000 4.0% 8.3%
UPPER COOMERA 103 $430,000 2.9% $423,000 6.3% -1.2%
VARSITY LAKES 27 $490,000 -10.9% $532,500 10.4% 7.6%
WONGAWALLAN ^ 8 N/A N/A $628,000 N/A N/A
WORONGARY 8 N/A N/A $420,000 2.7% 3.7%
WORONGARY ^ 6 N/A N/A $677,500 5.4% -6.9%
SALES MARKET - UNITS & TOWNHOUSES
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
SALES MARKET - HOUSES
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
GOLD COAST (LGA) 1,919 $345,000 -1.4% $350,000 -1.4% -8.6%
ARUNDEL 18 $317,500 0.8% $320,000 4.0% -1.5%
ASHMORE 18 $269,000 -11.2% $303,000 8.2% -2.3%
BENOWA * t 22 $438,750 -14.1% $519,000 -0.2% 18.7%
BIGGERA WATERS ~ 43 $299,250 0.6% $295,000 -23.6% -25.3%
BILINGA ~ 14 $525,000 1.9% $502,500 -8.6% -5.2%
BROADBEACH 89 $378,000 -11.1% $420,000 -4.0% -13.2%
BROADBEACH WATERS 7 N/A N/A $425,000 14.9% -6.6%
BUNDALL 13 $325,900 9.4% $329,900 10.0% -7.1%
BURLEIGH HEADS 67 $421,770 4.1% $410,000 5.1% 0.0%
BURLEIGH WATERS 22 $360,000 -5.9% $370,000 9.5% 1.4%
CARRARA ~ t 48 $415,000 27.7% $426,040 9.2% -1.5%
CLEAR ISLAND WATERS ~ f 11 $409,000 -19.8% $452,500 -6.7% -8.6%
COOLANGATTA 61 $406,250 -8.6% $425,000 9.0% -16.3%
COOMBABAH 30 $320,000 3.2% $331,500 5.2% -4.7%
COOMERA ~ f 30 $270,000 -1.8% $281,200 -19.1% -17.3%
CURRUMBIN 9 N/A N/A $438,750 9.7% 8.2%
CURRUMBIN WATERS 12 $330,000 -5.2% $338,750 12.9% -4.2%
ELANORA 20 $360,000 19.0% $309,500 4.4% -8.0%
HELENSVALE ~ t 18 $250,000 -23.9% $300,000 -3.2% 0.0%
HIGHLAND PARK ~ t 7 N/A N/A $292,000 18.2% N/A
HOLLYWELL ~ 4 N/A N/A $605,000 N/A -34.9%
HOPE ISLAND * f 36 $462,500 14.8% $445,000 7.2% 8.5%
LABRADOR 113 $305,500 -5.7% $321,500 1.1% -1.1%
MAIN BEACH 40 $575,000 0.9% $571,250 2.9% -18.7%
MERMAID BEACH 34 $327,500 -9.8% $349,500 -0.9% -9.2%
MERMAID WATERS 32 $315,000 -2.2% $322,000 2.2% -0.6%
MERRIMAC 12 $385,000 24.2% $342,500 -4.3% -17.7%
MIAMI 42 $429,500 15.6% $395,000 12.9% 5.1%
MUDGEERABA 24 $300,000 -10.2% $331,500 4.4% -2.5%
NERANG 32 $278,500 -5.9% $299,000 9.6% -1.6%
ORMEAU 11 $370,000 24.2% $347,001 8.4% -6.2%
OXENFORD 21 $287,000 3.2% $281,000 2.2% -3.1%
PACIFIC PINES 22 $338,000 -3.4% $349,000 -2.9% -10.5%
PALM BEACH 64 $354,000 2.6% $345,000 -1.4% -5.5%
PARADISE POINT ~ f 18 $577,500 -2.1% $594,500 22.5% 13.8%
PARKWOOD 5 N/A N/A $317,500 N/A N/A
PIMPAMA 4 N/A N/A $340,000 -4.2% -8.1%
REEDY CREEK 13 $297,000 6.5% $285,000 -1.7% -9.1%
ROBINA 55 $402,000 -4.3% $420,000 4.0% -8.1%
RUNAWAY BAY 31 $540,000 17.4% $422,500 -1.7% 5.8%
SOUTHPORT 126 $324,000 -0.5% $325,000 -0.9% -4.4%
SURFERS PARADISE 281 $345,000 3.8% $345,000 1.5% -11.3%
TUGUN 20 $350,000 -10.3% $376,000 -0.1% -12.5%
UPPER COOMERA 26 $325,000 -3.0% $321,175 8.9% -9.5%
VARSITY LAKES 63 $384,669 -5.0% $390,000 0.5% -0.4%
79
352
890
490
6181
391
1026
548
75
<$250,000 $250,000+ $350k+ $500k+ $1m+
BRISBANE CITY UNIT SALES (p)
JUN 15 SEP 15
269 286
173
70
7
235 246
203
65
4
<$250,000 $250,000+ $350k+ $500k+ $1m+
BRISBANE SURROUNDS UNIT SALES (p)
JUN 15 SEP 15
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
195
542
471
234
33
265
678
555
337
55
<$250,000 $250,000+ $350k+ $500k+ $1m+
GOLD COAST UNIT SALES (p)
JUN 15 SEP 15
74
209 221
127
28
76
220 217
137
22
SUNSHINE COAST & NOOSA UNIT SALES (p)
JUN 15 SEP 15
<
<
<
18 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
GOLD COAST CITY $380 2462 $360 2634
4209 COOMERA $320 12 N.A. 4
4210 OXENFORD $320 16 $300 23
4211 PACIFIC PINES $310 30 $325 30
4212 HELENSVALE $410 53 $390 57
4214 ARUNDEL $335 19 $300 20
4215 SOUTHPORT $360 554 $350 573
4216 PARADISE POINT $365 234 $355 182
4217 SURFERS PARADISE $425 565 $400 656
4218 BROADBEACH $380 320 $350 333
4220 BURLEIGH HEADS $400 172 $380 218
4221 PALM BEACH $360 109 $325 124
4223 CURRUMBIN $380 38 $370 34
4224 TUGUN $350 49 $340 46
4225 COOLANGATTA $350 110 $330 142
4226 CLEAR ISLAND WATERS $420 46 $410 63
4227 VARSITY LAKES $400 126 $360 124
SCENIC RIM REGIONAL $230 28 $220 30
4285 ALLENVIEW $230 23 $210 20
LAND PRICEPOINTS
34 38 36 33
20
70
58
28
<$250,000 $250,000+ $350k+ $500k+
BRISBANE CITY LAND SALES (p)
JUN 15 SEP 15
449
100
44
8
464
100
29
3
<$250,000 $250,000+ $350k+ $500k+
BRISBANE SURROUNDS LAND SALES (p)
JUN 15 SEP 15
Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
98
38
6
17
111
36
13 14
<$250,000 $250,000+ $350k+ $500k+
GOLD COAST LAND SALES (p)
JUN 15 SEP 15
SUNSHINE COAST & NOOSA LAND SALES (p)
53
5 1
78
1 1
<$250,000 $250,000+ $350k+
FRASER COAST LAND SALES (p)
JUN 15 SEP 15
GLADSTONE LAND SALES (p)
53
<$2
ROC
46
2 0
54
4
1
<$250,000 $250,000+ $350k+
TOOWOOMBA LAND SALES (p)
JUN 15 SEP 15
46
<$2
15
<$2
36
1 1
41
0 0
<$250,000 $250,000+ $350k+
BUNDABERG LAND SALES (p)
JUN 15 SEP 15
RENTAL MARKET - 3 BED HOUSES
POST SEP-15 SEP-14
CODE LOCALITYL
$/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 2 BED UNITS
POST SEP-15 SEP-14
CODE LOCALITYL
$/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 3 BED TOWNHOUSES
SALES MARKET - VACANT LAND
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
GOLD COAST (LGA) 174 $240,000 0.0% $235,000 2.2% -1.9%
GOLD COAST (LGA) ^ 12 N/A N/A $392,500 9.0% -2.5%
COOMERA 44 $245,000 0.2% $239,900 2.3% -3.0%
ELANORA 1 N/A N/A $318,000 N/A N/A
GILSTON 1 N/A N/A $262,000 3.6% N/A
HELENSVALE 6 N/A N/A $512,000 2.4% -0.3%
HOPE ISLAND ~ f 25 $445,000 -13.6% $515,000 41.1% 56.1%
MAUDSLAND 7 N/A N/A $249,716 0.8% N/A
ORMEAU 2 N/A N/A $228,000 3.6% -12.0%
ORMEAU HILLS 4 N/A N/A $216,300 0.7% N/A
PACIFIC PINES 1 N/A N/A $226,200 N/A -3.9%
PIMPAMA * 26 $236,000 7.3% $223,950 2.0% 4.2%
REEDY CREEK 5 N/A N/A $335,000 4.7% -1.5%
UPPER COOMERA * 10 $220,832 -8.4% $239,000 4.1% 0.8%
WILLOW VALE 2 N/A N/A $215,900 5.3% N/A
GOLD COAST CITY $450 986 $430 941
4208 ORMEAU $400 20 $380 21
4209 COOMERA $390 95 $385 115
4210 OXENFORD $400 20 $430 17
4211 PACIFIC PINES $420 119 $410 101
4212 HELENSVALE $475 57 $490 59
4213 MUDGEERABA $450 30 $440 35
4214 ARUNDEL $435 74 $420 93
4215 SOUTHPORT $430 139 $410 98
4216 PARADISE POINT $450 75 $430 51
4217 SURFERS PARADISE $590 44 $530 50
4218 BROADBEACH $560 64 $500 60
4220 BURLEIGH HEADS $500 56 $470 60
4221 PALM BEACH $500 32 $470 47
4223 CURRUMBIN $545 23 $500 25
4224 TUGUN $465 12 $400 11
4225 COOLANGATTA $390 7 $420 8
4226 CLEAR ISLAND WATERS $465 65 $460 55
4227 VARSITY LAKES $460 47 $450 33
4228 TALLEBUDGERA $500 7 N.A. 2
SCENIC RIM REGIONAL $320 113 $300 94
4270 TAMBORINE $440 5 N.A. 3
4272 MOUNT TAMBORINE $400 22 $360 17
4275 BENOBBLE $380 10 $360 6
4285 ALLENVIEW $300 44 $290 36
4307 COLEYVILLE $250 8 N.A. 4
4310 ALLANDALE $260 14 $265 13
GOLD COAST CITY $400 1145 $385 1133
4208 ORMEAU $380 10 $360 12
4209 COOMERA $370 164 $360 159
4210 OXENFORD $355 14 $360 18
4211 PACIFIC PINES $395 192 $370 192
4212 HELENSVALE $430 33 $430 35
4213 MUDGEERABA $410 30 $380 42
4214 ARUNDEL $380 54 $380 33
4215 SOUTHPORT $400 120 $380 125
4216 PARADISE POINT $380 115 $380 86
4217 SURFERS PARADISE $500 57 $440 42
4218 BROADBEACH $480 27 $450 34
4220 BURLEIGH HEADS $410 33 $390 26
4221 PALM BEACH $410 23 $390 32
4223 CURRUMBIN $420 17 $400 12
4224 TUGUN $440 16 $430 19
4226 CLEAR ISLAND WATERS $460 162 $440 176
4227 VARSITY LAKES $440 73 $420 81
..Key to the Gold Coast’s
strengthening property
market has been growing
employment opportunities.
19
REGIONAL MARKET UPDATES
SEPTEMBER QUARTER 2015
TOOWOOMBA
HOUSE PRICEPOINTS
1,194
1,412
628
18
1,265
1,508
652
29
<$350k $350k+ $500k+ $1m+
BRISBANE SURROUNDS HOUSE SALES (p)
JUN 15 SEP 15
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
55
557
698
119
44
567
776
139
<$350k $350k+ $500k+ $1m+
GOLD COAST HOUSE SALES (p)
JUN 15 SEP 15
163
43
8
166
42
7
<$350k $350k+ $500k+
BUNDABERG HOUSE SALES (p)
JUN 15 SEP 15
15
<
211
71
14
203
78
13
<$350k $350k+ $500k+
FRASER COAST HOUSE SALES (p)
JUN 15 SEP 15
48
52
14
57
45
8
<$350k $350k+ $500k+
GLADSTONE HOUSE SALES (p)
JUN 15 SEP 15
R
114
740
1,997
318
124
755
2,126
333
<$350k $350k+ $500k+ $1m+
BRISBANE CITY HOUSE SALES (p)
JUN 15 SEP 15
215
163
56
233
200
59
<$350k $350k+ $500k+
TOOWOOMBA HOUSE SALES (p)
JUN 15 SEP 15
70
431 427
58
92
437
477
42
<$350k $350k+ $500k+ $1m+
SUNSHINE COAST & NOOSA HOUSE SALES (p)
JUN 15 SEP 15
UNIT PRICEPOINTS
79
352
890
490
6181
391
1026
548
75
<$250,000 $250,000+ $350k+ $500k+ $1m+
BRISBANE CITY UNIT SALES (p)
JUN 15 SEP 15
269 286
173
70
7
235 246
203
65
4
<$250,000 $250,000+ $350k+ $500k+ $1m+
BRISBANE SURROUNDS UNIT SALES (p)
JUN 15 SEP 15
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
195
542
471
234
33
265
678
555
337
55
<$250,000 $250,000+ $350k+ $500k+ $1m+
GOLD COAST UNIT SALES (p)
JUN 15 SEP 15
74
209 221
127
28
76
220 217
137
22
<$250,000 $250,000+ $350k+ $500k+ $1m+
SUNSHINE COAST & NOOSA UNIT SALES (p)
JUN 15 SEP 15
27
12
6
2
13
15
2 1
<$250,000 $250,000+ $350k+ $500k+
BUNDABERG UNIT SALES (p)
JUN 15 SEP 15
20
<$2
32
28
9
3
43
15
3 3
<$250,000 $250,000+ $350k+ $500k+
FRASER COAST UNIT SALES (p)
JUN 15 SEP 15
8
9
3
1
3
4
3
0
<$250,000 $250,000+ $350k+ $500k+
GLADSTONE UNIT SALES (p)
JUN 15 SEP 15
3
<$
<
<
31
44
14
4
31
60
18
7
<$250,000 $250,000+ $350k+ $500k+
TOOWOOMBA UNIT SALES (p)
JUN 15 SEP 15
LAND PRICEPOINTS
34 38 36 33
20
70
58
28
<$250,000 $250,000+ $350k+ $500k+
BRISBANE CITY LAND SALES (p)
JUN 15 SEP 15
449
100
44
8
464
100
29
3
<$250,000 $250,000+ $350k+ $500k+
BRISBANE SURROUNDS LAND SALES (p)
JUN 15 SEP 15
Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
98
38
6
17
111
36
13 14
<$250,000 $250,000+ $350k+ $500k+
GOLD COAST LAND SALES (p)
JUN 15 SEP 15
70
61
55
SUNSHINE COAST & NOOSA LAND SALES (p)
JUN 15 SEP 15
53
5 1
78
1 1
<$250,000 $250,000+ $350k+
FRASER COAST LAND SALES (p)
JUN 15 SEP 15
22
GLADSTONE LAND SALES (p)
JUN 15 SEP 15
46
2 0
54
4
1
<$250,000 $250,000+ $350k+
TOOWOOMBA LAND SALES (p)
JUN 15 SEP 15
36
1 1
41
0 0
<$250,000 $250,000+ $350k+
BUNDABERG LAND SALES (p)
JUN 15 SEP 15
After two quarters of easing buyer activity, the Toowoomba
market bounced back in the September quarter.
The outlook for the region remains very positive with a
number of major projects either under way or planned.
The second range crossing project has been greatly
anticipated throughout the region and the project
commenced construction on 7 December with the sod
officially turned. Project developer Nexus is limited to
hiring people from within a 70km radius and this will boost
employment and market confidence.
A multimillion-dollar abattoir is also in the planning
stage, while the QIC redevelopment in the city centre will
significantly increase the retail net lettable area.
The crane index visible across the city skyline is a clear
indicator of strong construction levels and this is creating
optimism for the market.
Progress from the Federal Government on the inland rail
from Brisbane to Melbourne that will go via Toowoomba is
another windfall for the region.
With all this in mind, Toowoomba is well positioned for
continued, stable growth both economically and in the
residential property market.
The significant property price growth of 2014 is not likely
to be repeated however there is confidence from all market
observers that consistent, stable growth will be the
trademark of the 2016 market.
HOUSE MARKET
Toowoomba’s house market is still very much in healthy
territory, however, sales volume has tapered off compared
with the previous year.
Preliminary house sales during the September quarter
lifted 13 per cent compared with the June quarter.
However, due to a very quiet first half of this year total
sales for the year to September was down 12 per cent.
Property prices held steady, with the region’s median
house price up marginally over the quarter to $353,000.
The prestige market is also holding ground with two
homes in East Toowoomba reportedly selling off-market in
excess of $1 million.
Despite houses spending a little longer on the market,
Toowoomba continues to record the shortest average days
on market for all major regional centres outside Brisbane.
Average vendor discounting has increased in line with
the increased time on market. Over-optimistic vendors
who price their property a little too high for the market are
contributing to this statistic.
UNIT MARKET
Similar to the house market, Toowoomba’s unit and
townhouse market sales activity bounced back, up 23
per cent over the September quarter compared with the
June quarter.
Townhouses continue to sell reasonably well, pushing the
median sale price up 10.7 per cent over the quarter.
Average time on market and average vendor discounting
have remained relatively consistent with that seen a
year ago, at 77 days and 4.2 per cent respectively. Listing
numbers meanwhile were marginally down, by two
per cent.
RENTAL MARKET
At the end of September Toowoomba’s vacancy rate had
improved slightly, down 0.5 percentage points to 2.7 per
cent since the end of June.
New townhouse developments popular with investors have
largely been responsible for the additional rental stock and
weekly rents have eased since the end of June.
According to local agents, however, the excess stock has
dwindled while tenant enquiry levels have already begun
to pick up, particularly for affordably priced rentals.
20 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
TOOWOOMBA (LGA) ~ * 59 $170,800 -7.2% $172,000 7.5% 24.2%
TOOWOOMBA (LGA) ^ 23 $190,000 0.0% $210,000 16.7% 34.8%
CRANLEY - N/A N/A $159,950 0.6% N/A
GLENVALE* 12 $172,500 N/A $174,960 2.9% 27.7%
KEARNEYS SPRING * 8 N/A N/A $189,500 N/A 18.6%
KLEINTON 4 N/A N/A $175,000 11.1% N/A
MIDDLE RIDGE * 1 N/A N/A $258,500 -10.8% 24.3%
WESTBROOK 4 N/A N/A $167,000 5.4% N/A
WYREEMA * 5 N/A N/A $147,000 N/A N/A
SURROUNDS
SOUTHERN DOWNS (LGA) ~ 8 N/A N/A $87,000 20.4% -3.3%
SALES MARKET - UNITS & TOWNHOUSES
RENTAL MARKET - 3 BED TOWNHOUSES
RENTAL MARKET - 2 BED UNITS
SALES MARKET - VACANT LAND
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
SALES MARKET - HOUSES
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
RENTAL MARKET - 3 BED HOUSES
POST SEP-15 SEP-14
CODE LOCALITYL
$/WEEK NEW BONDS $/WEEK NEW BONDS
TOOWOOMBA (LGA) 497 $353,000 0.6% $352,500 5.2% 20.5%
TOOWOOMBA (LGA) ^ 119 $485,000 -8.5% $500,000 3.1% 14.9%
CENTENARY HEIGHTS 20 $367,000 0.5% $364,500 4.1% 21.5%
CROWS NEST 3 N/A N/A $255,000 7.6% 10.9%
DARLING HEIGHTS 17 $348,000 -8.3% $350,000 4.5% 13.3%
EAST TOOWOOMBA 19 $380,000 -9.3% $430,000 3.6% 21.1%
GLENVALE 11 $360,000 -2.7% $377,000 6.2% 14.9%
GLENVALE ^ 5 N/A N/A $541,250 N/A N/A
HARLAXTON 11 $300,000 13.4% $287,650 13.4% 16.8%
HARRISTOWN 20 $355,500 11.1% $320,000 3.2% 23.6%
HIGHFIELDS 9 N/A N/A $495,000 8.2% 17.9%
HIGHFIELDS ^ 14 $542,500 4.1% $525,000 1.0% 19.3%
KEARNEYS SPRING 32 $354,000 -3.8% $365,000 1.4% 16.8%
KINGSTHORPE 4 N/A N/A $312,500 3.8% 21.1%
KLEINTON 4 N/A N/A $502,500 4.7% N/A
MERINGANDAN WEST ^ ~ 4 N/A N/A $391,500 13.5% 28.4%
MIDDLE RIDGE 25 $507,500 -1.5% $517,500 10.1% 16.3%
MOUNT LOFTY 19 $474,000 8.7% $454,000 10.7% 24.4%
NEWTOWN 37 $305,000 -6.2% $315,000 8.6% 21.2%
NORTH TOOWOOMBA 24 $302,750 -3.1% $316,000 5.3% 25.0%
OAKEY 8 N/A N/A $236,500 7.5% -1.5%
PITTSWORTH 7 N/A N/A $282,500 1.3% 3.7%
RANGEVILLE 33 $435,500 -7.3% $455,000 16.0% 19.7%
ROCKVILLE 14 $279,250 2.3% $280,000 -1.8% 5.3%
SOUTH TOOWOOMBA 18 $336,750 -7.1% $339,000 4.3% 27.9%
TOOWOOMBA CITY ~ 10 $299,000 -18.1% $359,000 11.5% 31.7%
WESTBROOK 16 $450,500 10.6% $455,000 4.5% 15.9%
WILSONTON 26 $335,000 5.5% $320,000 2.6% 16.4%
WILSONTON HEIGHTS 5 N/A N/A $285,000 -3.0% 14.5%
WYREEMA 5 N/A N/A $347,000 7.6% 21.8%
SURROUNDS
GOONDIWINDI (LGA) ~ 20 $190,000 -17.4% $242,500 -1.0% -1.8%
GOONDIWINDI 9 N/A N/A $270,000 -0.9% 1.3%
SOUTHERN DOWNS (LGA) ~ 72 $245,000 6.5% $233,500 -6.6% -2.7%
SOUTHERN DOWNS (LGA) ^ ~ 45 $350,000 9.4% $351,275 9.8% 10.6%
STANTHORPE 19 $240,000 7.3% $228,000 -3.0% -8.2%
WARWICK 31 $230,000 -3.7% $236,000 -9.2% -3.7%
WESTERN DOWNS (LGA) ~ 30 $247,000 9.8% $247,000 -11.5% -6.8%
WESTERN DOWNS (LGA) ^ ~ 15 $380,000 15.2% $330,000 -10.5% -7.0%
CHINCHILLA 10 $283,500 N/A $310,000 -11.4% 8.8%
DALBY 15 $237,250 -5.1% $249,750 -5.6% -9.8%
DALBY ^ 6 N/A N/A $417,500 -2.9% -5.5%
TOOWOOMBA (LGA) ~ t 116 $310,000 10.7% $299,000 6.8% 24.4%
CENTENARY HEIGHTS ~ 4 N/A N/A $277,000 -9.0% N/A
EAST TOOWOOMBA ~ 11 $321,000 N/A $359,000 34.0% 30.5%
HARRISTOWN 4 N/A N/A $216,000 -4.8% -11.7%
HIGHFIELDS 10 $327,500 N/A $325,000 N/A N/A
KEARNEYS SPRING 8 N/A N/A $293,250 2.9% 15.2%
NEWTOWN 9 N/A N/A $270,000 7.0% 25.0%
RANGEVILLE 8 N/A N/A $352,500 11.9% 20.3%
SOUTH TOOWOOMBA ~ 7 N/A N/A $298,000 -3.9% 28.9%
WILSONTON 3 N/A N/A $250,000 -0.5% 15.3%
TOOWOOMBA REGIONAL $300 626 $300 588
4350 KEARNEYS SPRING $300 503 $305 445
4352 AMIENS $315 27 $325 18
4354 DOUGLAS $270 6 $265 7
4355 ANDURAMBA $255 9 $265 15
4356 PITTSWORTH $260 10 $270 23
4357 BRINGALILY $240 8 $245 11
4358 CAMBOOYA $290 5 N.A. 2
4361 BACK PLAINS $230 5 $220 9
4363 SOUTHBROOK $315 7 N.A. 2
4401 ACLAND $260 25 $275 42
4614 NEUMGNA $220 7 N.A. 2
GOONDIWINDI REGIONAL $275 30 $280 37
4387 BRUSH CREEK $200 5 $200 7
4390 BILLA BILLA $300 23 $300 26
SOUTHERN DOWNS REGIONAL $250 138 $255 140
4362 ALLORA $220 6 $275 9
4370 WARWICK $260 82 $260 71
4380 STANTHORPE $260 40 $250 45
WESTERN DOWNS REGIONAL $230 170 $300 154
4405 BLAXLAND $240 94 $280 68
4413 BAKING BOARD $210 46 $315 52
4415 MILES $200 16 $375 14
TOOWOOMBA REGIONAL $250 393 $240 359
4350 KEARNEYS SPRING $250 369 $245 325
4356 PITTSWORTH $200 5 N.A. 2
4401 ACLAND $230 5 $210 13
GOONDIWINDI REGIONAL $195 23 $190 23
4390 BILLA BILLA $195 23 $200 21
SOUTHERN DOWNS REGIONAL $205 62 $195 61
4370 WARWICK $220 38 $200 43
4380 STANTHORPE $200 21 $180 16
WESTERN DOWNS REGIONAL $180 53 $250 54
4405 BLAXLAND $195 32 $205 31
4413 BAKING BOARD $170 17 $300 19
TOOWOOMBA REGIONAL $300 26 $295 22
4350 KEARNEYS SPRING $300 24 $295 22
WESTERN DOWNS REGIONAL $250 17 N/A 10
4413 BAKING BOARD $200 11 $300 7
21
REGIONAL MARKET UPDATES
SEPTEMBER QUARTER 2015
SUNSHINE
COASTThe Sunshine Coast market conditions are flourishing at
the moment, with sales activity growing steadily across
most parts of the region for the quarter.
The strength of buyer activity varies according to the
position, property type and price bracket, however
confidence in the market overall remains buoyant.
The growth in sales activity and residential property prices is
at sustainable levels, with buyer demand at healthy levels.
Local agents also feel that there is a good balance between
levels of supply and demand.
Even with the stronger market conditions local agents
report that vendors do still need to correctly market their
properties in order to create strong buyer interest and
achieve a good sales result.
Investor numbers aren’t growing significantly, which is
surprising considering the tight rental market and healthy
rental returns on offer. It’s likely the tightening of banking
lending criteria may have something to do with the low level
of investor activity.
The Sunshine Coast population is growing, attracting new
residents from interstate and overseas and local agents
believe the outlook for the region is very positive.
The region is going from strength to strength with a
multitude of developments, both infrastructure and
property, providing a boost to local employment.
HOUSE MARKET
Over the September quarter the Sunshine Coast statistical
division (SD) continued on its trajectory of growth with
sales activity up five per cent. This increase was largely
seen in the Sunshine Coast council area while Noosa
recorded a slight fall.
Property price growth has been consistent, with the
prestige end also achieving positive results. Over the
September quarter, the highest increase in buyer activity
was recorded in the $500,000-plus price point.
The median house price however remained relatively
stable over the quarter with a lift in sales in the sub-
$350,000 price point also recorded.
Well-presented and well-priced properties are selling
quickly. However, vendors who are choosing to test the
market and not present their property to its potential are
seeing their property spend longer days on market.
UNIT MARKET
The unit market performed strongly with solid interest
reported in lower-level units and townhouse complexes.
Those with low body corporate fees are also said to be
of a main priority for many buyers in this segment of
the market.
Noosa preliminary sales increase 23 per cent while the
Sunshine Coast (SD) preliminary sales numbers increased
just two per cent.
Average days on market and average vendor discounting
rates remained relatively unchanged over the year. With
increased listings, these figures indicated that buyer
demand in the unit market remained healthy.
RENTAL MARKET
At the end of September, the REIQ residential rental
survey found rental conditions on the Sunshine Coast
were very tight. The Sunshine Coast SD vacancy rate
tightened further to 1.3 per cent with the Noosa council
area and Caloundra coastal area recording the tightest
vacancy in the state with 0.9 per cent.
According to local agents, it is common for new residents
to rent before they buy when they first move to the region,
which provides the rental market with a steady influx of
new tenants.
Investors are not present in the market in significant
numbers and this hampers the supply of rental stock to
the market.
Local agents also reported a pick-up in tenant enquiry for
executive and prestige level rentals, a sector that hadn’t
been strong before now.
Although vacancy levels have been below two per cent for
some time now, median rents have not yet significantly
increased. As a result, gross rental yields have also
remained steady at 4.4 and 4.9 per cent for houses and
units respectively over the quarter.
HOUSE PRICEPOINTS
1,194
1,412
628
18
1,265
1,508
652
29
<$350k $350k+ $500k+ $1m+
BRISBANE SURROUNDS HOUSE SALES (p)
JUN 15 SEP 15
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
55
557
698
119
44
567
776
139
<$350k $350k+ $500k+ $1m+
GOLD COAST HOUSE SALES (p)
JUN 15 SEP 15
163
43
8
166
42
7
<$350k $350k+ $500k+
BUNDABERG HOUSE SALES (p)
JUN 15 SEP 15
153 1
<$350
211
71
14
203
78
13
<$350k $350k+ $500k+
FRASER COAST HOUSE SALES (p)
JUN 15 SEP 15
48
52
14
57
45
8
<$350k $350k+ $500k+
GLADSTONE HOUSE SALES (p)
JUN 15 SEP 15
227
<$
75
<
133
<
ROCK
114
740
1,997
318
124
755
2,126
333
<$350k $350k+ $500k+ $1m+
BRISBANE CITY HOUSE SALES (p)
JUN 15 SEP 15
215
163
56
233
200
59
<$350k $350k+ $500k+
TOOWOOMBA HOUSE SALES (p)
JUN 15 SEP 15
70
431 427
58
92
437
477
42
<$350k $350k+ $500k+ $1m+
SUNSHINE COAST & NOOSA HOUSE SALES (p)
JUN 15 SEP 15
33 55
<$250,000 $250,000+ $350k+ $500k+ $1m+
74
209 221
127
28
76
220 217
137
22
<$250,000 $250,000+ $350k+ $500k+ $1m+
SUNSHINE COAST & NOOSA UNIT SALES (p)
JUN 15 SEP 15
<
<
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by CoreLogic RP Data.
100
44
8
100
29
3
<$250,000 $250,000+ $350k+ $500k+
98
38
6
17
111
36
13 14
<$250,000 $250,000+ $350k+ $500k+
GOLD COAST LAND SALES (p)
JUN 15 SEP 15
70
36
21
7
61
55
14
9
<$250,000 $250,000+ $350k+ $500k+
SUNSHINE COAST & NOOSA LAND SALES (p)
JUN 15 SEP 15
Your guide to property research suburb by suburb
Your guide to property research suburb by suburb
Your guide to property research suburb by suburb
Your guide to property research suburb by suburb
Your guide to property research suburb by suburb
Your guide to property research suburb by suburb
Your guide to property research suburb by suburb
Your guide to property research suburb by suburb
Your guide to property research suburb by suburb
Your guide to property research suburb by suburb
Your guide to property research suburb by suburb
Your guide to property research suburb by suburb
Your guide to property research suburb by suburb
Your guide to property research suburb by suburb
Your guide to property research suburb by suburb
Your guide to property research suburb by suburb
Your guide to property research suburb by suburb
Your guide to property research suburb by suburb
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Your guide to property research suburb by suburb

  • 1. your state-wide property research guide suburb by suburb REIQ QUEENSLANDMARKETMONITORISSUE28 SEPQTR2015 >p2 QMM STATE-WIDE COMMENTARY Proudly supported by REIQ member Linda DeBello STEADY GROWTH CONTINUES IN SEQ The Brisbane local government area (LGA) median house price has pushed to a new high of $615,000 as consistent steady growth continues. While predictions have been prolific that the slowing conditions in Sydney would flow through to Brisbane, the Queensland capital city has clearly defied predictions, helped by southern investors eyeing off bargains in the sunshine state. According to data from the Australian Bureau of Statistics, investor activity increased 1.4 per cent in Queensland over the month of September. Regional centres once reliant on the mining industry are still stabilising, with the bottom of the market likely having now been met in most areas. Ongoing employment issues are the largest hindrance on these regions entering a recovery phase. In light of this, a number of local councils are implementing initiatives that will diversify their region’s economy in an effort to create new industries and new jobs.
  • 2. 2 QUEENSLAND MARKET MONITOR REIQ RESEARCH EXPLANATORY NOTES SALES MARKET DATA All figures for the most recent quarterly and yearly periods are preliminary only and subject to further revision as additional sales records become available (see Research Methodology online at reiq.com). As of the June quarter 2013, all sales data includes "Recent Sales" as advised by real estate agents as well as official records as advised by DNRM. As such comparisons with figures published prior to the June quarter 2013 should be done with caution. 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 (ie 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 at the time of reporting 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 comprising the LGA’s of Brisbane City, Ipswich City, Logan City, Moreton Bay Regional and Redland City Sunshine Coast (SD) Sunshine Coast Region comprising the LGA's of Sunshine Coast Regional and Noosa. # Figures based upon the new council boundaries ^ 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 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 ON THE MARKET INDICATORS At the time of publication, latest information available was for the 12 months ending the month prior to the current period. "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. "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, listings without an advertised asking price and properties sold at or above list price are excluded from the calculation. "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. "% Stock on Market" is the percentage of dwellings within the suburb or local government area that have been listed for sale over the past year. Source: REIQ, data supplied by CoreLogic RP Data (www.corelogic.com.au) PRICE POINT GRAPHS All data contained within these graphs represent preliminary sales numbers 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. Source: REIQ, data obtained from CoreLogic RPData Data report date: 11 Nov 2015 Published date: 14 Dec 2015 GROSS RENTAL YIELDS House yields are based upon REIQ median house prices and RTA median weekly rent for three bedroom houses. Unit yields are based upon REIQ median unit & townhouse sale prices and RTA median weekly rent for two bedroom 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. Only LGAs with a minimum sample size of 10 per cent (based upon number of bonds held by the RTA) are reported on. N/A Due to insufficient information received no vacancy rate has been calculated Source: REIQ Residential Rental Survey RENTAL MARKET 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. Figures for the new LGA's available for the current quarter only. 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)
  • 3. 3 STATE-WIDE SUMMARY SEPTEMBER QUARTER 2015 FALLING STABILISINGRECOVERING RISING BRISBANE HOUSE MARKETS September Quarter 2015 Source: REIQ Brisbane ↑ Moreton Bay ↑ Logan Redland Ipswich FALLING STABILISINGRECOVERING RISING QUEENSLAND HOUSE MARKETS September Quarter 2015 Source: REIQ Brisbane SD Cairns Gold Coast Sunsine Coast Fraser Coast Mackay Bundaberg Gladstone Rockhampton Townsville ↑ Toowoomba 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 3 QUEENSLAND MARKET MONITOR Queensland market update 1 REIQ Explanatory notes 2 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 Total Listings % Stock on Market Average Vendor Discount Average Days on Market Rental Market Indicators 39 Gross rental yields Residential vacancy rates TABLE OF CONTENTS REIQ The tourism centres showed significant improvement to house sales markets STATE-WIDE SUMMARY CONTINUED HOUSE MARKET Over the September quarter, the Brisbane house market led the way, with preliminary house sales reaching levels not seen in more than five years. New listings helped the market maintain equilibrium, fostering sustainable property price growth. Sales activity was also up across the southeast and the tourism centres, with Ipswich the stand-out performer. Ipswich also recorded the highest quarterly increase for the Greater Brisbane region with the median house price lifting 1.6 per cent to $320,000. The tourism centres also continued to improve, with the Gold Coast's median house price recording the highest quarterly increase of all the major centres. Cairns performed well over the quarter, recording a new median house price of $400,000, up 2.6 per cent. With house sales activity and listings up, the state’s far north tourism destination moved into stronger market conditions. After easing sales activity over the first half of 2015, Toowoomba house sales activity bounced back, up 13 per cent over the quarter. Following a strong 2014, local agents say Toowoomba is likely to stick to the established long-term trend of conservative yet consistent property price growth. On the Fraser Coast, sales market conditions remained steady with little change. Average days on market and average vendor discounting remained relatively unchanged, while listings increased slightly heading into spring. In other regional centres, market conditions remained weak, although, September quarter data shows Gladstone may be turning a corner. The major east coast cities of Rockhampton and Townsville, along with Bundaberg also recorded relatively stable house sales activity over the quarter, however improvements in days on market and vendor discounting have yet to be seen.
  • 4. 4 QUEENSLAND MARKET MONITOR STATE-WIDE SUMMARY HOUSES (<2400) UNITS & TOWNHOUSES VACANT LAND (<2400) LGA MEDIAN SALE PRICE QTRLY CHANGE SALES ACTIVITY CHANGE MEDIAN SALE PRICE QTRLY CHANGE SALES ACTIVITY CHANGE MEDIAN SALE PRICE QTRLY CHANGE SALES ACTIVITY CHANGE GREATER BRISBANE BRISBANE SD $480,000 0.2% 5% $397,500 1.9% 7% $207,750 -3.3% 4% BRISBANE $615,000 0.8% 5% $430,000 1.2% 13% $342,500 0.4% 25% IPSWICH $320,000 1.6% 12% $258,000 3.2% 15% $176,250 0.2% 18% LOGAN $359,000 0.4% 5% $238,000 3.9% -15% $179,870 -0.8% -18% MORETON BAY $406,000 1.2% 3% $330,000 3.9% -6% $240,000 1.9% -8% REDLAND $485,000 1.0% 2% $390,000 6.1% ~ t -1% $28,000 -88.8% * b 16% TOURISM CENTRES GOLD COAST $545,000 3.8% 6% $345,000 -1.4% 27% $240,000 0.0% 9% SUNSHINE COAST SD $496,500 0.3% 5% $366,500 -0.9% 2% $257,000 3.8% 4% SUNSHINE COAST $492,500 0.5% 6% $358,000 -0.6% -3% $257,000 4.7% ~ -1% NOOSA $520,000 -3.7% ~ -5% $434,000 3.2% 23% $310,000 N/A * f 67%" FRASER COAST $300,000 0.2% 0% $216,250 -15.9% ~ f -13% $151,000 -8.5% ~ 36%" CAIRNS $400,000 2.6% 12% $225,000 2.5% 10% $192,500 -3.5% ~ -22% REGIONAL CENTRES BUNDABERG $269,000 -2.6% 0% $271,000 27.8% ~ -35%" $142,500 0.4% 8% GLADSTONE $342,000 -9.4% ~ -5% N/A N/A -52%" N/A N/A -44%" MACKAY $345,000 -2.8% 9% $227,500 -18.8% ~ -29%" $156,000 -25.0% ~ 9% ROCKHAMPTON $275,000 -7.4% ~ -5% $347,500 N/A 14%" $154,500 -2.8% 21%" TOOWOOMBA $353,000 0.6% 13% $310,000 10.7% * t 23% $170,800 -7.2% ~ * 23% TOWNSVILLE $342,000 0.3% -1% $250,000 -19.5% ~ -3% $150,000 -8.5% 57% ON THE MARKET" HOUSES (ALL) UNITS (ALL) LGA STOCK ON MARKET DAYS ON MARKET VENDOR DISCOUNT STOCK ON MARKET DAYS ON MARKET VENDOR DISCOUNT GREATER BRISBANE BRISBANE SD 7.2% 68 -5.6% 7.6% 78 -5.3% BRISBANE 6.6% 59 -5.6% 6.9% 69 -4.8% IPSWICH 7.9% 84 -6.6% 9.7% 117 -7.4% LOGAN 7.7% 75 -5.4% 10.7% 93 -6.3% MORETON BAY 7.6% 73 -5.3% 9.3% 104 -6.1% REDLAND 8.5% 75 -5.7% 9.8% 91 -5.2% TOURISM CENTRES GOLD COAST 8.3% 72 -5.6% 9.7% 93 -6.1% SUNSHINE COAST SD 9.4% 88 -5.8% 10.1% 106 -6.3% SUNSHINE COAST 9.2% 85 -5.6% 10.1% 103 -6.2% NOOSA 10.5% 104 -6.5% 10.4% 116 -6.9% FRASER COAST 10.1% 110 -7.7% 13.5% 111 -6.3% CAIRNS 7.7% 67 -6.4% 9.1% 87 -7.1% REGIONAL QLD BUNDABERG 8.8% 107 -8.1% 10.8% 140 -8.2% GLADSTONE 7.3% 100 -9.4% 6.7% 121 -11.8% MACKAY 6.9% 110 -11.4% 7.5% 133 -12.9% ROCKHAMPTON 7.8% 103 -9.1% 7.6% 118 -7.4% TOOWOOMBA 8.4% 67 -5.3% 7.8% 77 -4.2% TOWNSVILLE 7.2% 94 -8.9% 9.8% 119 -9.1% "All figures are for the 12months ending August 2015 SD - Statistical Division: Brisbane SD (Brisbane, Ipswich, Logan, Moreton Bay & Redland); Sunshine Coast SD (Sunshine Coast & Noosa) "Due to low volume of sales, % changes should be used with caution. N/A - not available due to insufficient sales numbers b The median sale price for vacant land in the Redland City LGA is significantly impacted by shifts in the number of property sales on the bay islands versus the number on the mainland in high quality subdivisions. Mackay’s house market was patchy, with some market indicators in decline despite sales numbers increasing nine per cent over the quarter. The region’s median house price softened 2.8 per cent to $345,000 over the September quarter. UNIT MARKET Broadly speaking, the unit and townhouse markets across the state followed the sales trends set by the housing markets. Greater Brisbane and the tourism centres were the standout performers with the Gold Coast recording the highest lift in preliminary sales activity. Median sale prices in Greater Brisbane were up across all council areas, while the tourism centres recorded relatively steady results on the back of strong sales at the affordable end of the market. Data reveals that investor interest is picking up with Gold Coast agents saying interstate investors are beginning to turn their attention to the sunshine state. Toowoomba’s unit and townhouse market rebounded over the quarter, with sales up 23 per cent. News of major infrastructure projects proceeding is keeping the momentum in the market. In other regional centres, sales turnover in the unit market eased. Investor interest outside the southeast corner is extremely limited and there is little or no new development activity on the cards, softening local economies.
  • 5. 5 STATE-WIDE SUMMARY SEPTEMBER QUARTER 2015 FOR FULL ON THE MARKET AND RENTAL MARKET STATISTICS BY LOCAL GOVERNMENT AREA, SEE PAGE 37-39 VACANCY RATES LGA/REGION SEP-15 TREND GREATER BRISBANE BRISBANE SD 2.3% STEADY BRISBANE 2.8% STEADY IPSWICH 1.3% DOWN LOGAN 1.9% DOWN MORETON BAY 1.6% STEADY REDLAND 2.5% STEADY TOURISM CENTRES GOLD COAST 1.7% DOWN SUNSHINE COAST SD 1.3% DOWN SUNSHINE COAST 1.4% STEADY NOOSA 0.9% DOWN FRASER COAST 3.3% DOWN CAIRNS 2.6% STEADY REGIONAL QLD BUNDABERG 4.6% STEADY GLADSTONE 7.1% UP MACKAY 9.1% STEADY ROCKHAMPTON 4.5% DOWN TOOWOOMBA 2.7% DOWN TOWNSVILLE 5.6% STEADY See page 39 for full vacancy rate data * change greater than $20 (rents) or 0.5 pts (yields) RENTAL TRENDS^ MEDIAN WEEKLY RENT GROSS RENTAL YIELDS LGA 3-BED HOUSE 2-BED FLAT 3-BED TOWNHOUSE HOUSES UNITS GREATER BRISBANE BRISBANE $420 STEADY $400 STEADY $415 STEADY 3.6% STEADY 4.8% STEADY IPSWICH $300 STEADY $255 STEADY $315 STEADY 4.9% STEADY 5.1% DOWN LOGAN $350 STEADY $270 UP $340 STEADY 5.1% STEADY 5.9% STEADY MORETON BAY $350 STEADY $280 STEADY $340 STEADY 4.5% STEADY 4.4% STEADY REDLAND $390 STEADY $330 UP $395 STEADY 4.2% STEADY 4.4% STEADY TOURISM CENTRES GOLD COAST $450 STEADY $380 STEADY $400 STEADY 4.3% STEADY 5.7% STEADY SUNSHINE COAST $420 STEADY $340 STEADY $410 UP 4.4% STEADY 4.9% STEADY NOOSA $430 DOWN $360 STEADY $480 STEADY 4.3% STEADY 4.3% STEADY FRASER COAST $360 STEADY $285 STEADY $375 UP* 5.0% UP* 5.9% UP CAIRNS $290 STEADY $245 UP $310 DOWN 4.7% DOWN* 6.6% UP* REGIONAL QLD BUNDABERG $285 STEADY $220 STEADY $275 DOWN 5.5% STEADY 4.2% DOWN* GLADSTONE $290 DOWN $220 DOWN* $300 DOWN* 4.4% UP N/A N/A MACKAY $295 STEADY $220 STEADY $290 DOWN 4.4% STEADY 5.0% UP* ROCKHAMPTON $290 STEADY $220 DOWN N.A. UP* 5.5% UP 3.3% N/A TOOWOOMBA $300 STEADY $250 STEADY $300 DOWN* 4.4% STEADY 4.2% DOWN TOWNSVILLE $305 STEADY $255 STEADY $330 STEADY 4.6% STEADY 5.3% UP* RENTAL MARKET Vacancy levels in the southeast corner are healthy to tight, with many suburbs either tightening slightly over the quarter or remaining in the healthy range. However, as the sales market improves local agents anticipate that the rental market will ease over the coming quarters. Ongoing low interest rates mean that for many renters - especially those in the inner city - the cost of living is actually cheaper with a mortgage than in a rental property. This will impact on rental vacancy rates as renters move into home ownership. In regional areas vacancy rates remained relatively unchanged with weak rental market conditions prevailing. Gladstone’s vacancy rate was the exception as it returned to above seven per cent with more ex-mining company owned properties coming into the private rental pool. Subscribe to REIQ's research report & media releases: Keep up to date with the latest market information from the best source for real estate news in Queensland, the REIQ. Email Yvette Burton to subscribe: yburton@reiq.com.au.
  • 6. 6 QUEENSLAND MARKET MONITOR BRISBANE MARKET UPDATES BRISBANE CITY In line with historical September quarters, Brisbane’s house market recorded a healthy rise in residential sales activity for the 2015 September quarter. While predictions have been prolific that the slowing conditions in Sydney would flow through to other major capital cities, Brisbane has clearly defied expectations. On the market indicators of average days on market and average vendor discounting have remained relatively unchanged since the end of June, proving that the Brisbane property market is growing at a healthy and sustainable level. Listing numbers continue to increase with more vendors recognising the good selling conditions. This trend in listings is encouraging and will ensure there is enough supply to meet the growing demand. With more listings coming onto the market to meet the growth in buyer numbers, conditions are ripe for property prices to grow at a steady rate. HOUSE MARKET Over the September quarter, Brisbane preliminary house sales were up five per cent on the June quarter, taking the city’s sales turnover to a level not seen in more than five years. With growing confidence and activity across all price points, the overall median was up marginally, by 0.8 per cent, to $615,000 – setting yet another record median sale price. Demand for houses in the $500 000-plus bracket grew significantly, with 129 more sales this quarter compared with the previous quarter. The growth in listings across all price points is meeting growing buyer demand with average days on market and average vendor discounting rates at levels consistent since the start of the year. Standout suburbs over the quarter were typically middle to outer-ring suburbs with Eight Mile Plains, Mount Gravatt East and Manly West recording some of the strongest increases in preliminary sales numbers. The prestige market performed well this quarter. Two new suburbs entered the million-dollar median price group, with Grange and Robertson joining blue-chip suburbs such as Bulimba, Chelmer, Hamilton, New Farm, Teneriffe and St Lucia. UNIT MARKET Brisbane’s unit and townhouse market also performed strongly with preliminary unit and townhouse sales up 13 per cent compared with the June quarter. Increased activity was not confined to any one area with the top increases in activity occurring in inner, middle and outer ring suburbs. Activity also increased across all price points with the $350,000-plus price point recording the largest increase. Sales in the prestige unit market lifted, with 14 more sales in the million-dollar-plus category compared with the June quarter. Brisbane's median unit sale price was up 1.2 per cent to $430,000 this quarter. The median has hovered around this level since the September quarter last year, indicating that real price growth is yet to occur in this section of Brisbane’s residential market. With new apartments coming onto the market, listing numbers were up 13 per cent on the previous year. As a result, average days on market increased to 69 days while average vendor discounting remained relatively stable, up just 0.1 percentage points to 4.8 per cent over the year to August. RENTAL MARKET Brisbane City vacancy rates increased marginally by 0.1 percentage points to 2.8 per cent, largely due to easing conditions for the city’s inner ring. Increased supply levels are starting to impact on the inner city, with the vacancy rate easing to 3.3 per cent at the end of September. Local agents reported that asking rents were easing and rental incentives were being used to help secure tenants. Easing tenant demand was also reported. However, even though demand is easing, generally speaking median rents have not yet softened, with the exception of the inner-north where rents dropped slightly by $10 over the quarter. In the middle to outer ring local agents reported that despite low vacancy levels, listings were taking longer to rent. Increased investor activity was also adding to current supply levels. Listing numbers continue to increase with more vendors recognising the good selling conditions.
  • 7. 7SEPTEMBER QUARTER 2015 BRISBANE MARKET UPDATES SALES MARKET - HOUSES SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE SALES MARKET - HOUSES (CONT’D) SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE BRISBANE (LGA) 3,481 $615,000 0.8% $608,000 6.6% 13.1% BRISBANE (LGA) ^ ~ 94 $960,000 -6.1% $1,000,000 12.0% -0.5% ACACIA RIDGE 20 $362,050 2.7% $356,100 7.9% 6.3% ALBION 4 N/A N/A $717,750 7.1% 10.4% ALDERLEY 22 $680,000 -6.7% $704,000 7.5% 14.5% ALGESTER 30 $500,000 4.4% $470,000 5.6% 12.3% ANNERLEY 23 $675,000 7.1% $650,000 0.0% 8.3% ASCOT ~ 10 $1,700,000 32.9% $1,330,000 2.3% 8.6% ASHGROVE 39 $752,500 -9.2% $820,000 4.8% 21.4% ASPLEY 41 $540,000 -4.4% $536,000 3.1% 15.3% AUCHENFLOWER 22 $850,000 -6.0% $850,000 -4.8% 7.3% BALD HILLS 21 $440,000 10.8% $401,000 5.5% 2.8% BALMORAL 16 $890,000 -8.0% $930,000 6.1% 19.2% BANYO 22 $470,000 -0.7% $450,000 4.7% 5.1% BARDON 24 $870,000 2.5% $830,000 0.2% 4.4% BELLBOWRIE 16 $442,500 -8.5% $475,000 2.2% -1.6% BELMONT 7 N/A N/A $593,500 4.6% 0.8% BOONDALL 30 $457,000 2.1% $441,750 4.6% 4.7% BRACKEN RIDGE 58 $441,000 -3.5% $440,000 5.3% 5.3% BRIDGEMAN DOWNS 25 $725,500 0.1% $728,000 3.6% 4.0% BRIGHTON ~ 35 $435,000 -14.6% $450,050 2.3% 8.4% BROOKFIELD ^ ~ 4 N/A N/A $1,319,000 N/A N/A BULIMBA 24 $1,260,000 14.5% $1,135,000 3.2% 26.1% CALAMVALE 50 $610,000 2.0% $592,000 6.7% 12.8% CAMP HILL ~ 39 $875,000 19.0% $762,000 6.4% 14.4% CANNON HILL 15 $797,500 11.8% $703,500 5.5% 24.0% CARINA 29 $603,750 -2.6% $588,750 7.2% 15.4% CARINA HEIGHTS 14 $659,500 11.3% $600,500 3.5% 14.2% CARINDALE 39 $765,000 -0.6% $750,444 5.9% 8.0% CARSELDINE 22 $602,500 12.6% $571,000 5.7% 1.3% CHAPEL HILL 28 $725,000 -1.8% $700,000 4.5% 7.7% CHELMER ~ f 11 $1,160,500 29.3% $1,009,000 26.1% 13.4% CHERMSIDE 14 $571,500 7.0% $531,500 2.2% 14.9% CHERMSIDE WEST 18 $495,000 -1.0% $515,000 6.2% 9.6% CLAYFIELD ~ 14 $810,000 -17.3% $970,000 9.3% 3.5% COOPERS PLAINS 18 $480,000 -5.0% $500,000 7.5% 14.9% COORPAROO 36 $800,000 6.3% $762,000 9.1% 12.7% CORINDA ~ 9 N/A N/A $691,000 24.3% 11.9% DARRA 10 $435,500 N/A $357,500 2.7% 0.7% DEAGON 12 $429,000 3.4% $425,000 10.4% 4.7% DOOLANDELLA 16 $460,000 N/A $430,000 7.5% 6.2% DREWVALE 19 $502,500 -10.3% $525,000 10.4% 7.6% DURACK 16 $375,325 -11.7% $397,500 8.0% 8.9% EAST BRISBANE ~ 22 $745,000 -24.0% $785,000 8.3% 15.4% EIGHT MILE PLAINS 36 $755,000 8.2% $700,000 7.7% 12.9% ENOGGERA 13 $637,500 11.0% $637,500 9.9% 20.3% EVERTON PARK 12 $523,750 -4.0% $530,000 3.3% 10.4% FAIRFIELD 9 N/A N/A $660,000 1.5% 11.8% FERNY GROVE 18 $500,000 -7.4% $522,500 -0.5% 4.7% FIG TREE POCKET 9 N/A N/A $851,000 -2.2% 15.8% FITZGIBBON 8 N/A N/A $430,000 3.4% 0.6% FOREST LAKE 107 $415,000 6.4% $400,000 0.5% -1.7% GAYTHORNE 8 N/A N/A $639,000 11.1% 20.6% GEEBUNG 6 N/A N/A $465,000 -2.2% 2.2% GORDON PARK 13 $720,000 N/A $720,000 -3.5% 25.2% GRACEVILLE 14 $762,500 6.5% $720,000 5.8% 2.9% GRANGE 16 $1,047,250 14.8% $810,000 6.9% 19.3% GREENSLOPES 24 $740,000 12.5% $698,000 13.8% 12.8% HAMILTON ~ 20 $1,068,500 -22.4% $1,197,500 21.6% 19.8% HAWTHORNE ~ 23 $965,000 -20.2% $1,100,000 11.1% 29.4% HEATHWOOD 6 N/A N/A $550,000 3.9% 0.1% HEMMANT 7 N/A N/A $425,000 2.8% -1.2% HENDRA ~ 15 $811,000 -22.8% $850,000 4.7% 5.0% HIGHGATE HILL ~ 4 N/A N/A $1,052,500 23.8% 31.2% HOLLAND PARK 30 $675,000 10.1% $645,000 9.3% 18.3% HOLLAND PARK WEST 25 $710,000 6.3% $625,000 8.7% 12.2% INALA 44 $330,000 3.1% $316,000 8.1% 6.4% INDOOROOPILLY ~ 26 $755,000 -14.0% $799,000 8.0% 19.4% JAMBOREE HEIGHTS 11 $449,000 3.5% $426,250 -3.1% -1.3% JINDALEE ~ 24 $556,500 22.3% $510,000 5.3% 2.1% KANGAROO POINT ~ f 11 $951,000 N/A $951,000 25.4% 42.6% KARANA DOWNS 7 N/A N/A $399,000 6.1% 1.0% KARANA DOWNS ^ 7 N/A N/A $524,500 14.0% 1.4% KEDRON 29 $595,000 -2.1% $605,000 -3.2% 12.2% KELVIN GROVE 10 $700,694 -8.7% $730,000 6.6% 15.0% KENMORE 38 $610,000 -0.2% $597,500 4.2% 6.7% KENMORE HILLS 6 N/A N/A $743,500 14.4% 8.4% KEPERRA 13 $460,000 5.1% $462,750 4.9% 5.9% KURABY ~ 24 $479,500 -24.2% $603,000 4.6% 9.6% LOTA ~ 12 $500,000 -14.5% $555,000 7.1% 19.1% LUTWYCHE 6 N/A N/A $746,666 3.7% 27.6% MACGREGOR ~ 12 $755,250 2.1% $695,000 12.6% 31.1% MACKENZIE 6 N/A N/A $730,000 9.4% 17.7% MANLY 17 $765,000 3.4% $748,000 10.2% 5.6% MANLY WEST 44 $537,500 -4.9% $538,500 10.1% 8.6% MANSFIELD 26 $590,000 0.0% $560,000 2.8% 10.2% MCDOWALL 22 $586,250 -3.1% $600,000 3.3% 8.1% MIDDLE PARK 8 N/A N/A $568,000 8.2% 6.3% MITCHELTON 20 $618,000 4.3% $586,250 7.6% 14.6% MOGGILL 20 $544,000 0.3% $508,000 -0.1% 4.7% MOOROOKA 39 $580,000 -3.3% $560,000 5.2% 14.3% MORNINGSIDE 32 $758,000 14.0% $699,500 9.5% 18.0% MOUNT GRAVATT 8 N/A N/A $630,750 13.1% 28.7% MOUNT GRAVATT EAST 55 $565,000 0.9% $560,000 0.9% 17.6% MURARRIE 18 $620,000 4.2% $600,000 9.8% 11.1% NEW FARM 11 $1,363,000 6.5% $1,328,750 6.3% 20.8% NEWMARKET 12 $700,000 -12.2% $756,000 3.4% 4.4% NORMAN PARK 21 $765,000 7.7% $785,000 -0.6% 18.0% NORTHGATE ~ 15 $560,000 -16.4% $625,000 9.2% 32.7% NUDGEE 12 $601,000 8.3% $557,750 0.2% 17.4% NUNDAH 21 $675,000 13.6% $720,000 10.8% 24.6% OXLEY 29 $472,000 -9.0% $500,500 6.8% 10.2% PADDINGTON 23 $845,000 -12.4% $880,000 -5.4% 8.6% PARKINSON 33 $600,000 0.4% $585,000 3.1% 11.4% PULLENVALE ^ ~ 4 N/A N/A $932,500 0.9% -12.9% RED HILL 21 $817,500 1.6% $802,500 7.7% 16.3% RICHLANDS 5 N/A N/A $415,000 N/A N/A RIVERHILLS 16 $425,000 -8.8% $449,500 3.7% 3.3% ROBERTSON ~ 11 $1,088,000 44.3% $803,500 8.3% 12.8% ROCHEDALE 4 N/A N/A $918,000 N/A N/A ROCKLEA 6 N/A N/A $380,000 6.4% 5.9% RUNCORN 35 $515,000 -7.5% $505,000 7.7% 18.0% SALISBURY 26 $521,500 0.4% $513,000 5.2% 14.0% SANDGATE ~ 15 $660,000 19.5% $535,000 -6.6% -2.9% SEVEN HILLS 10 $735,500 N/A $740,000 17.3% 26.5% SEVENTEEN MILE ROCKS 9 N/A N/A $619,000 -5.5% 13.6% SHERWOOD 9 N/A N/A $805,000 13.5% 17.8% SHORNCLIFFE 5 N/A N/A $675,000 N/A 2.9% SINNAMON PARK 26 $587,750 -9.2% $630,000 7.6% -1.3% SPRING HILL 6 N/A N/A $893,000 -3.2% 17.7% ST LUCIA 10 $1,150,000 4.5% $1,100,000 10.0% 11.1% STAFFORD 26 $565,000 2.7% $551,000 4.0% 16.0% STAFFORD HEIGHTS 24 $510,000 -3.3% $529,000 3.7% 11.4% STRETTON ~ 17 $860,000 -4.7% $843,400 17.2% 36.3% SUNNYBANK 27 $680,000 -6.3% $680,000 13.3% 26.2% SUNNYBANK HILLS 42 $650,000 -2.2% $610,000 5.2% 19.6% TAIGUM 11 $469,500 N/A $484,500 6.5% 7.4% TARINGA 13 $890,000 0.6% $830,000 1.2% 9.2% TARRAGINDI 37 $709,500 9.2% $680,000 13.3% 15.3% TENERIFFE 8 N/A N/A $1,475,000 N/A N/A THE GAP 60 $628,500 5.3% $611,750 7.3% 9.0% TINGALPA 29 $449,500 -2.3% $462,000 0.4% 5.0% TOOWONG 16 $900,000 9.1% $755,000 2.4% 7.1% UPPER KEDRON 10 $611,750 N/A $600,750 11.3% 11.3% UPPER MOUNT GRAVATT 36 $575,000 -5.7% $580,800 8.6% 22.9% VIRGINIA 12 $550,000 7.3% $528,000 6.7% 22.8% WAKERLEY 37 $713,500 3.0% $710,000 8.4% 17.4% WAVELL HEIGHTS 44 $638,000 2.2% $628,750 9.8% 21.7%
  • 8. 8 QUEENSLAND MARKET MONITOR BRISBANE MARKET UPDATES SALES MARKET - UNITS & TOWNHOUSES SALES MARKET - UNITS & TOWNHOUSES (CONT’D) SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE SALES MARKET - HOUSES (CONT’D) SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE BRISBANE (LGA) 2,172 $430,000 1.2% $430,000 2.4% 4.1% ACACIA RIDGE 16 $348,000 N/A $348,000 0.0% N/A ALBION ~ * 10 $410,000 -13.7% $419,000 -5.8% -4.6% ALDERLEY 8 N/A N/A $435,000 -0.6% 10.1% ANNERLEY ~ 34 $380,000 4.3% $389,000 -9.5% 3.2% ASCOT ~ 14 $476,000 25.3% $428,000 -0.5% 5.5% ASHGROVE 9 N/A N/A $440,000 -4.3% 7.3% ASPLEY 12 $369,000 N/A $366,000 -5.7% -3.4% AUCHENFLOWER ~ 26 $429,000 -13.3% $439,000 -7.0% 0.9% BALMORAL 9 N/A N/A $526,000 13.7% 4.8% BOWEN HILLS ~ * 17 $365,000 -24.0% $419,250 -7.1% -0.2% BRACKEN RIDGE 4 N/A N/A $322,000 N/A -9.3% BRIDGEMAN DOWNS 3 N/A N/A $345,000 N/A -6.6% BRISBANE CITY 119 $481,250 -5.2% $497,500 -0.5% 8.2% BULIMBA * 32 $625,000 11.1% $589,288 4.1% 14.9% CALAMVALE 26 $397,888 10.5% $380,000 4.1% 5.8% CAMP HILL 4 N/A N/A $407,000 N/A -5.3% CARINA 21 $450,000 4.7% $450,000 4.8% 3.7% CARINA HEIGHTS 12 $460,000 -6.1% $477,500 4.3% 3.8% CARINDALE ~ t 7 N/A N/A $520,000 23.8% 2.5% CARSELDINE 9 N/A N/A $380,000 -3.1% 2.4% CHERMSIDE 33 $427,500 7.7% $405,000 1.3% -5.6% CLAYFIELD 52 $367,500 -7.0% $375,100 -3.8% 3.0% COOPERS PLAINS 2 N/A N/A $377,953 -1.6% N/A COORPAROO ~ 41 $369,000 -11.1% $400,000 3.4% 4.4% DARRA 8 N/A N/A $325,500 N/A N/A DOOLANDELLA 1 N/A N/A $339,000 -2.7% 0.4% EAST BRISBANE 18 $402,500 -10.6% $420,000 3.1% -5.8% EIGHT MILE PLAINS 18 $400,000 -1.2% $405,000 5.2% 8.0% ENOGGERA 5 N/A N/A $410,000 2.5% N/A EVERTON PARK 19 $350,000 -8.4% $412,000 -0.1% 3.8% FITZGIBBON 8 N/A N/A $358,000 N/A N/A FORTITUDE VALLEY 52 $460,000 3.4% $450,500 1.2% 7.3% GAYTHORNE 10 $424,500 4.4% $432,500 5.5% 1.8% GORDON PARK 8 N/A N/A $400,250 10.0% 12.7% GREENSLOPES 24 $381,000 -6.5% $376,500 0.7% -0.3% HAMILTON ~ 43 $566,250 19.0% $567,500 11.1% 22.7% HAWTHORNE ~ 14 $526,900 N/A $550,000 8.9% 31.0% HIGHGATE HILL ~ 15 $520,000 -20.9% $534,000 4.7% 17.1% WEST END 20 $977,500 -9.7% $990,000 1.0% 26.1% WESTLAKE 11 $616,000 6.2% $610,000 -3.9% -1.2% WILSTON 12 $877,500 7.6% $871,000 5.6% 2.3% WINDSOR 21 $850,000 14.5% $767,500 12.0% 14.6% WISHART 18 $659,250 -3.8% $630,000 12.1% 12.6% WOOLLOONGABBA 7 N/A N/A $747,000 12.3% 10.2% WOOLOOWIN 28 $835,000 10.5% $803,000 3.5% 16.4% WYNNUM 50 $605,000 0.7% $616,000 16.8% 15.0% WYNNUM WEST 50 $487,500 5.4% $465,000 -1.1% 4.5% YERONGA ~ 15 $755,000 -15.2% $757,500 12.1% 12.2% ZILLMERE 28 $443,250 0.2% $439,000 8.4% 10.0% HOLLAND PARK WEST * 10 $413,201 -3.7% $431,250 14.2% 20.0% INDOOROOPILLY 36 $464,750 -0.1% $462,500 -1.6% 0.0% KANGAROO POINT 40 $526,250 3.2% $502,500 2.6% -3.4% KEDRON ~ 12 $458,750 5.5% $432,500 21.8% 26.7% KELVIN GROVE 24 $492,000 2.4% $452,450 -4.3% 8.5% LUTWYCHE 14 $442,750 -3.8% $459,158 12.0% 17.7% MANLY 8 N/A N/A $420,000 N/A N/A MANLY WEST 8 N/A N/A $368,000 3.7% -3.8% MCDOWALL 3 N/A N/A $468,750 15.7% N/A MILTON * 3 N/A N/A $544,350 22.9% N/A MITCHELTON 6 N/A N/A $420,000 N/A 6.5% MOOROOKA 23 $400,000 -7.4% $407,500 10.1% -3.0% MORNINGSIDE * 47 $485,000 -3.0% $480,000 1.9% 9.1% MOUNT GRAVATT 2 N/A N/A $453,000 N/A N/A MOUNT GRAVATT EAST * t 29 $430,000 -6.3% $447,000 13.2% 17.6% MURARRIE 1 N/A N/A $440,000 -3.2% -4.3% NEW FARM 46 $552,500 -7.9% $570,000 1.8% 7.5% NEWMARKET 5 N/A N/A $430,000 -5.2% -8.5% NEWSTEAD ~ 17 $723,500 -6.6% $715,000 -6.8% 4.9% NORMAN PARK 13 $430,000 N/A $487,000 -4.0% 1.5% NORTHGATE 11 $365,000 N/A $399,900 6.6% 14.3% NUDGEE - N/A N/A $448,000 N/A N/A NUNDAH ~ 67 $445,000 15.6% $413,500 -3.6% 3.9% OXLEY 9 N/A N/A $363,000 N/A 0.8% PADDINGTON 7 N/A N/A $515,000 6.1% 15.6% RED HILL 14 $420,000 1.2% $445,000 9.3% N/A RICHLANDS 8 N/A N/A $346,900 2.8% 2.6% RUNCORN 21 $340,000 1.0% $332,000 -1.5% -2.1% SHERWOOD * 21 $440,000 18.6% $445,000 0.0% 7.2% SOUTH BRISBANE ~ 29 $494,500 1.0% $472,750 -8.2% -0.1% SPRING HILL 38 $436,500 3.9% $435,400 12.4% 14.6% ST LUCIA 35 $455,000 -10.3% $496,500 5.6% 12.3% STAFFORD * 21 $407,500 -7.9% $440,500 11.5% 14.4% SUNNYBANK HILLS 18 $360,000 N/A $350,000 1.4% -4.4% TAIGUM ~ 17 $323,250 2.6% $346,000 -10.1% -3.9% TARINGA 27 $395,000 -9.7% $435,000 4.3% 2.4% TENERIFFE ~ 37 $590,000 18.5% $559,000 -9.8% 1.6% THE GAP ~ t 13 $565,000 22.2% $465,000 3.4% 12.0% TINGALPA 8 N/A N/A $365,000 10.8% 2.4% TOOWONG ~ 44 $419,000 -8.3% $423,750 -7.4% -3.7% UPPER MOUNT GRAVATT ~ t 21 $325,000 -14.9% $384,750 -14.7% -7.3% WAKERLEY 4 N/A N/A $400,000 -3.1% -5.7% WEST END ~ * 27 $565,000 -16.4% $585,000 13.8% 4.9% WINDSOR ~ 10 $475,000 15.9% $460,000 16.5% 24.3% WISHART 8 N/A N/A $385,000 2.4% 6.4% WOOLLOONGABBA 16 $439,000 4.5% $418,000 4.8% -1.6% WYNNUM * 20 $390,000 -4.8% $435,000 17.6% 13.0% WYNNUM WEST ~ t 13 $360,000 15.8% $345,000 -3.9% 2.1% YERONGA 11 $493,000 8.4% $466,250 7.1% 12.3% ZILLMERE ~ 10 $312,250 -12.9% $353,750 4.0% -3.1% Direct Connect makes moving easy for your customers by arranging their utility connections and other moving solutions. 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  • 9. 9SEPTEMBER QUARTER 2015 BRISBANE MARKET UPDATES RENTAL MARKET - 3 BED HOUSES (CONT’D) POST SEP-15 SEP-14 CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS RENTAL MARKET - 3 BED HOUSES POST SEP-15 SEP-14 CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS SALES MARKET - VACANT LAND SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE BRISBANE (LGA) 176 $342,500 0.4% $345,000 7.8% 16.2% BRISBANE (LGA) ^ 9 N/A N/A $700,000 2.9% 29.0% BRIDGEMAN DOWNS 4 N/A N/A $390,000 -3.1% N/A CARINDALE 5 N/A N/A $505,500 9.9% N/A FITZGIBBON * G 10 $147,500 -15.2% $196,500 0.8% -12.6% HEATHWOOD * 31 $293,000 10.6% $269,000 1.5% 14.5% KENMORE - N/A N/A $400,000 N/A N/A KURABY - N/A N/A $343,000 4.3% N/A ROCHEDALE 13 $375,000 N/A $438,000 5.5% N/A UPPER KEDRON 2 N/A N/A $319,500 -1.6% 7.6% BRISBANE CITY $420 2885 $415 2932 BAYSIDE $420 142 $410 151 4178 WYNNUM $420 104 $400 82 4179 MANLY $415 38 $420 69 CITY INNER $550 236 $530 231 4000 BRISBANE CITY $595 23 $555 28 4005 NEW FARM $550 25 $700 7 4006 BOWEN HILLS $590 9 $520 11 4064 PADDINGTON $570 54 $540 51 4066 TOOWONG $510 37 $500 49 4067 ST LUCIA $450 5 $180 10 4101 SOUTH BRISBANE $585 30 $530 26 4102 WOOLOONGABBA $480 21 $470 20 4169 EAST BRISBANE $545 32 $545 29 NORTH - INNER $455 324 $450 302 4007 ASCOT $555 14 $575 13 4010 ALBION $495 14 $550 6 4011 CLAYFIELD $500 40 $500 36 4012 NUNDAH $430 83 $435 64 4030 LUTWYCHE $475 46 $470 47 4031 GORDON PARK $450 53 $430 46 4051 ALDERLEY $450 74 $450 89 NORTH - OUTER $400 405 $390 419 4013 NORTHGATE $430 15 $380 16 4014 VIRGINIA $410 43 $380 36 4017 BRACKEN RIDGE $395 106 $380 141 4018 FITZGIBBON $395 31 $390 26 4032 CHERMSIDE $400 57 $400 48 4034 ASPLEY $400 139 $390 133 4036 BALD HILLS $360 14 $365 19 NORTH WEST - INNER $525 91 $500 121 4059 KELVIN GROVE $540 36 $500 51 4060 ASHGROVE $520 36 $475 32 4065 BARDON $485 19 $500 38 NORTH WEST - OUTER $420 263 $420 220 4053 STAFFORD $415 166 $415 139 4054 ARANA HILLS $410 57 $400 41 4061 THE GAP $460 40 $460 40 SOUTH - INNER $430 342 $425 320 4103 ANNERLEY $450 43 $450 31 4104 YERONGA $450 10 $440 14 4105 MOOROOKA $425 48 $420 47 4120 GREENSLOPES $470 24 $450 18 4121 HOLLAND PARK $450 76 $430 80 4122 MANSFIELD $400 140 $400 129 SOUTH - OUTER $390 333 $380 371 4106 ROCKLEA $350 10 $360 14 4107 SALISBURY $390 27 $395 29 4108 COOPERS PLAINS $390 28 $380 32 4109 MACGREGOR $400 116 $400 107 4110 ACACIA RIDGE $350 38 $340 54 4112 KURABY $360 10 $390 9 4113 EIGHT MILE PLAINS $390 67 $385 83 4115 ALGESTER $390 18 $370 19 4116 CALAMVALE $420 19 $390 24 SOUTH EAST - INNER $475 304 $450 293 4151 COORPAROO $490 35 $450 26 4152 CAMP HILL $465 120 $450 117 4170 CANNON HILL $475 91 $450 97 4171 BALMORAL $520 45 $550 36 4172 MURARRIE $400 13 $430 17 SOUTH EAST - OUTER $440 41 $410 56 4153 BELMONT $450 10 $400 8 4154 GUMDALE $475 5 $530 7 4173 TINGALPA $420 17 $410 30 4174 HEMANT $360 5 $370 8 SOUTH WEST - INNER $450 103 $430 108 4068 CHELMER $450 31 $450 42 4075 CORINDA $440 72 $420 66 SOUTH WEST - OUTER $365 301 $360 340 4069 BROOKFIELD $460 35 $450 40 4070 ANSTEAD $400 8 N.A. 4 4073 SEVENTEEN MILE ROCKS $380 14 $400 15 4074 JINDALEE $390 67 $380 54 4076 DARRA $330 22 $340 27 4077 DOOLANDELLA $335 76 $320 73 4078 FOREST LAKE $360 79 $350 127 34 38 36 33 20 70 58 28 <$250,000 $250,000+ $350k+ $500k+ BRISBANE CITY LAND SALES (p) JUN 15 SEP 15 BRISBANE SURROUNDS LAND SALES (p) Includes IPSWICH, LOGAN, MORETON BAY & REDLAND 79 352 890 490 6181 391 1026 548 75 <$250,000 $250,000+ $350k+ $500k+ $1m+ BRISBANE CITY UNIT SALES (p) JUN 15 SEP 15 269 286 173 70 7 235 246 203 65 4 <$250,000 $250,000+ $350k+ $500k+ $1m+ BRISBANE SURROUNDS UNIT SALES (p) JUN 15 SEP 15 INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND 678 GOLD COAST UNIT SALES (p) JUN 15 SEP 15 2 3 <$ 3 <$ HOUSE PRICEPOINTS BRISBANE SURROUNDS HOUSE SALES (p) INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND FRASER COAST HOUSE SALES (p) JUN 15 SEP 15 133 <$3 ROCKH 114 740 1,997 318 124 755 2,126 333 <$350k $350k+ $500k+ $1m+ BRISBANE CITY HOUSE SALES (p) JUN 15 SEP 15 215 163 56 233 200 59 <$350k $350k+ $500k+ TOOWOOMBA HOUSE SALES (p) JUN 15 SEP 15
  • 10. 10 QUEENSLAND MARKET MONITOR BRISBANE MARKET UPDATES RENTAL MARKET - 2 BED UNITS POST SEP-15 SEP-14 CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS RENTAL MARKET - 3 BED TOWNHOUSES POST SEP-15 SEP-14 CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS DID YOU KNOW? YOU CAN GET MEDIAN WEEKLY RENTS FOR OTHER PROPERTY TYPES ONLINE AT WWW.RTA.QLD.GOV.AU BRISBANE CITY $415 1715 $405 1653 BAYSIDE $400 144 $400 91 4178 WYNNUM $410 103 $400 53 4179 MANLY $395 41 $390 38 CITY INNER $610 65 $600 66 4000 BRISBANE CITY $600 7 N.A. 2 4005 NEW FARM $690 9 N.A. 2 4006 BOWEN HILLS $490 11 $625 13 4064 PADDINGTON $595 7 $600 14 4066 TOOWONG $640 5 $550 11 4067 ST LUCIA $610 10 $575 9 4169 EAST BRISBANE $620 9 $550 8 NORTH - INNER $490 114 $470 96 4007 ASCOT $550 13 $550 9 4011 CLAYFIELD $520 13 $500 12 4012 NUNDAH $470 20 $450 18 4030 LUTWYCHE $490 13 $495 8 4031 GORDON PARK $460 27 $450 19 4051 ALDERLEY $490 24 $450 28 NORTH - OUTER $390 196 $380 236 4013 NORTHGATE $430 11 $410 12 4014 VIRGINIA $450 7 $0 0 4017 BRACKEN RIDGE $370 42 $365 34 4018 FITZGIBBON $370 32 $296 66 4032 CHERMSIDE $425 28 $430 22 4034 ASPLEY $400 67 $395 93 4036 BALD HILLS $365 9 $294 9 NORTH WEST - INNER $510 16 $500 20 4059 KELVIN GROVE $570 7 $500 13 4060 ASHGROVE $450 6 N.A. 4 NORTH WEST - OUTER $420 46 $425 51 4053 STAFFORD $420 37 $425 41 4054 ARANA HILLS $400 7 $400 7 SOUTH - INNER $450 155 $440 155 4103 ANNERLEY $480 29 $490 27 4104 YERONGA $500 11 $480 17 4105 MOOROOKA $420 12 $450 23 4120 GREENSLOPES $465 18 $495 15 4121 HOLLAND PARK $430 9 $460 7 4122 MANSFIELD $430 75 $420 66 SOUTH - OUTER $400 395 $390 396 4107 SALISBURY $505 6 $495 7 4109 MACGREGOR $415 75 $405 63 4110 ACACIA RIDGE $350 8 $340 41 4112 KURABY $385 18 $380 18 4113 EIGHT MILE PLAINS $410 145 $400 149 4115 ALGESTER $375 27 $380 31 4116 CALAMVALE $385 112 $385 85 SOUTH EAST - INNER $480 241 $485 209 4151 COORPAROO $500 21 $495 8 4152 CAMP HILL $450 114 $450 96 4170 CANNON HILL $500 61 $500 69 4171 BALMORAL $595 38 $540 30 4172 MURARRIE $530 7 $475 6 SOUTH EAST - OUTER $415 59 $410 55 4153 BELMONT $430 10 $420 7 4154 GUMDALE $410 33 $410 30 4173 TINGALPA $399 16 $385 17 SOUTH WEST - INNER $400 62 $420 76 4068 CHELMER $510 11 $485 25 4075 CORINDA $400 51 $400 51 SOUTH WEST - OUTER $360 222 $360 202 4073 SEVENTEEN MILE ROCKS $400 14 $400 11 4074 JINDALEE $480 19 $435 19 4076 DARRA $375 15 $375 28 4077 DOOLANDELLA $355 130 $355 103 4078 FOREST LAKE $365 39 $355 38 BRISBANE CITY $400 4716 $400 4474 BAYSIDE $320 51 $340 37 4178 WYNNUM $310 36 $330 26 4179 MANLY $370 15 $430 11 CITY INNER $495 1924 $495 1925 4000 BRISBANE CITY $580 365 $590 358 4005 NEW FARM $500 359 $495 300 4006 BOWEN HILLS $495 254 $495 279 4064 PADDINGTON $410 64 $405 64 4066 TOOWONG $390 183 $415 248 4067 ST LUCIA $430 125 $430 110 4101 SOUTH BRISBANE $500 284 $500 289 4102 WOOLOONGABBA $450 84 $460 101 4169 EAST BRISBANE $490 206 $465 176 NORTH - INNER $360 924 $360 855 4007 ASCOT $420 172 $395 136 4010 ALBION $375 28 $390 29 4011 CLAYFIELD $345 128 $355 131 4012 NUNDAH $390 237 $375 220 4030 LUTWYCHE $340 140 $340 125 4031 GORDON PARK $325 77 $330 74 4051 ALDERLEY $350 142 $340 140 NORTH - OUTER $350 263 $350 241 4013 NORTHGATE $310 25 $300 27 4017 BRACKEN RIDGE $305 25 $300 22 4018 FITZGIBBON $350 13 $330 5 4032 CHERMSIDE $350 103 $375 102 4034 ASPLEY $350 92 $350 77 NORTH WEST - INNER $435 187 $400 156 4059 KELVIN GROVE $485 134 $430 106 4060 ASHGROVE $360 40 $380 40 4065 BARDON $300 13 $300 10 NORTH WEST - OUTER $375 110 $370 95 4053 STAFFORD $375 107 $370 91 SOUTH - INNER $365 403 $365 444 4103 ANNERLEY $350 105 $350 113 4104 YERONGA $370 26 $370 37 4105 MOOROOKA $350 67 $350 69 4120 GREENSLOPES $360 86 $370 104 4121 HOLLAND PARK $350 42 $340 35 4122 MANSFIELD $410 73 $390 84 SOUTH - OUTER $335 60 $320 58 4106 ROCKLEA $300 5 $250 6 4107 SALISBURY $306 7 N.A. 4 4108 COOPERS PLAINS $400 20 $250 6 4109 MACGREGOR $390 14 $390 24 4113 EIGHT MILE PLAINS $375 5 $340 5 4115 ALGESTER $290 8 $300 6 SOUTH EAST - INNER $390 490 $380 387 4151 COORPAROO $360 177 $360 152 4152 CAMP HILL $360 43 $360 30 4170 CANNON HILL $390 105 $395 88 4171 BALMORAL $450 149 $435 114 4172 MURARRIE $410 16 N.A. 3 SOUTH EAST - OUTER N/A 6 N/A 2 SOUTH WEST - INNER $385 270 $370 251 4068 CHELMER $390 214 $375 212 4075 CORINDA $364 56 $335 39 SOUTH WEST - OUTER $320 28 $325 23 4076 DARRA $240 6 $250 6 4077 DOOLANDELLA $290 8 N.A. 1 4078 FOREST LAKE $330 10 $335 10
  • 11. 11SEPTEMBER QUARTER 2015 BRISBANE MARKET UPDATES GREATER BRISBANE FALLING STABILISINGRECOVERING RISING BRISBANE HOUSE MARKETS September Quarter 2015 Source: REIQ Brisbane ↑ Moreton Bay ↑ Logan Redland Ipswich QUEENSLAND HOUSE MARKETS September Quarter 2015 ↑ Toowoomba The Brisbane Statistical Division, also known as Greater Brisbane, improved considerably with preliminary sales activity and listings up significantly. Average days on market and average vendor discounting have continued to improve, despite increased supply coming onto the market which would normally soften those statistics. Data reveals that the outer suburbs are in demand from owner occupiers and investors. The strengthening local economy and positive population growth are key drivers for continued property demand. Rental markets throughout Greater Brisbane are tight and demand from tenants is spread throughout the inner, middle and outer suburbs as many move further out seeking more affordable options. Investors are offloading properties and in many cases selling to owner occupiers. HOUSE MARKET For the September quarter, the Brisbane Statistical Division (SD) recorded little change in its median house price, up 0.2 per cent. However, sales activity was up five per cent compared with the previous quarter. Moreton Bay has taken the lead as the strongest performing house market in Greater Brisbane with the shortest days on market and lowest average vendor discounting. Logan City has recorded the largest increase in preliminary sales activity over the year to September, up 17 per cent. Logan has also overtaken Redland City in average vendor discounting. Ipswich may be trailing the other regions in terms of time on market and vendor discounting, but it was the standout performer for sales activity. According to local agents, this comes as no surprise given the relative affordability of the region and the strong rental yields being achieved. Owner occupiers are starting to see good value for money in suburbs outside of metropolitan Brisbane. Over the year to September, the suburbs of Yamanto (Ipswich), Deception Bay (Moreton Bay), Rochedale South (Logan) and Mango Hill (Moreton Bay) recorded the highest increase in preliminary sales compared to the previous year including suburbs within metropolitan Brisbane. Median prices across the Greater Brisbane council areas are likely to continue to attract buyer interest given their relative affordability and accessibility to major business and retail districts. UNIT MARKET Over the September quarter, Brisbane Statistical Division median sale price increased 1.9 per cent off the back of a seven per cent increase in preliminary sales numbers. While median sale price growth was consistent across the council areas, sales activity was mixed. Ipswich once again recorded the strongest increase in sales activity while buyer activity in Logan, Moreton Bay and Redland City eased or stabilised. Interest in the Ipswich unit and townhouse market is strong with average days on market and average vendor discounting remaining relatively unchanged, despite an increase of 12 per cent in listings over the year to August. RENTAL MARKET Vacancy rates in the outer suburbs of Greater Brisbane were mixed, with Ipswich City tightening to 1.3 per cent, a new lowest record for the region. Local agents say rental stock is low as a result of continued tenant demand and many tenants are staying put partly because their options are so limited. The sale of investment properties to owner-occupiers is contributing to the short supply rental stock. Logan City vacancy rate dropped, while Moreton Bay has remained below two per cent despite a slight lift this quarter. The Pine Rivers region in the Moreton Bay council area remains one of the tightest rental markets with a vacancy rate of 1.3 per cent. Local agents in the Redland City Council area say new residential developments are adding to supply and are competitively priced, which means established rentals are experiencing tougher conditions. Over the three months to September, the region’s vacancy rate was up 0.2 percentage points to 2.5 per cent.
  • 12. 12 QUEENSLAND MARKET MONITOR BRISBANE MARKET UPDATES MUNRUBEN ^ 7 N/A N/A $516,000 0.2% 1.2% NEW BEITH ^ 10 $562,750 N/A $550,000 -0.9% 4.0% REGENTS PARK 53 $360,000 -4.5% $355,278 0.4% -2.7% ROCHEDALE SOUTH 59 $464,000 3.1% $453,000 6.6% 8.1% SHAILER PARK 42 $527,250 1.4% $510,000 6.6% 8.5% SLACKS CREEK 29 $320,000 4.6% $315,000 6.8% 5.0% SPRINGWOOD 23 $435,000 -3.9% $443,500 1.3% 5.5% TANAH MERAH 19 $410,000 -1.9% $410,000 3.8% 4.6% UNDERWOOD 24 $500,000 0.9% $500,000 4.5% 11.7% WATERFORD 15 $358,000 -5.8% $380,000 7.0% -6.2% WATERFORD WEST 15 $314,000 -6.3% $311,000 -1.0% -2.8% WINDAROO 16 $397,000 -8.3% $420,000 0.7% -1.2% WOODRIDGE 27 $298,000 3.7% $280,000 7.7% 3.3% YARRABILBA 14 $395,000 5.9% $381,950 -3.7% N/A MORETON BAY (LGA) 1,349 $406,000 1.2% $401,000 2.8% 0.3% MORETON BAY (LGA) ^ 219 $582,000 0.8% $590,000 5.4% -1.6% ALBANY CREEK 38 $571,500 -1.1% $540,000 8.0% 2.5% ARANA HILLS 22 $482,500 2.5% $487,330 6.9% 7.1% BANKSIA BEACH ~ f 30 $580,000 28.9% $490,000 5.2% 1.0% BEACHMERE 7 N/A N/A $320,000 0.8% -11.1% BELLARA 12 $352,500 12.4% $325,000 -0.9% -4.4% BELLMERE 21 $350,000 7.7% $335,000 3.1% -7.7% BONGAREE 21 $367,500 -11.4% $389,000 -2.1% -7.4% BRAY PARK 37 $387,000 -0.8% $385,000 5.5% 4.6% BUNYA ^ 7 N/A N/A $802,500 10.5% N/A BURPENGARY 24 $406,000 5.5% $382,000 7.0% 1.9% BURPENGARY ^ 9 N/A N/A $543,750 2.6% 2.3% BURPENGARY EAST 4 N/A N/A $410,500 3.4% N/A BURPENGARY EAST ^ 6 N/A N/A $525,000 -0.9% -6.3% CABOOLTURE 57 $290,250 3.8% $295,000 2.8% -7.8% CABOOLTURE ^ 21 $517,500 5.6% $500,000 10.9% 6.4% CABOOLTURE SOUTH 23 $279,000 5.9% $266,000 -3.3% -9.2% CASHMERE ~ 13 $684,500 16.8% $653,750 5.9% 21.1% CLONTARF 40 $415,000 0.0% $395,000 5.3% 9.1% DAKABIN 7 N/A N/A $450,000 5.9% 4.7% DECEPTION BAY 80 $330,000 4.6% $320,000 6.7% 0.0% EATONS HILL 16 $546,000 3.9% $540,000 1.1% 5.2% ELIMBAH ^ 12 $505,000 -1.9% $510,000 6.3% -1.1% EVERTON HILLS 10 $527,000 5.0% $512,000 5.6% 10.7% FERNY HILLS 23 $512,500 2.5% $486,250 4.9% 5.7% GRIFFIN 29 $455,000 8.1% $438,250 1.3% 5.6% JOYNER 6 N/A N/A $533,000 N/A 14.6% KALLANGUR 57 $370,000 4.8% $355,000 4.1% -0.6% KIPPA-RING 25 $385,000 0.0% $375,000 0.0% 1.4% LAWNTON 13 $365,000 3.9% $362,500 7.1% 3.9% MANGO HILL ~ 24 $515,000 17.6% $455,000 4.5% 0.7% MARGATE 24 $410,000 -8.9% $417,000 11.2% 8.3% MORAYFIELD 57 $335,000 4.7% $325,000 4.8% -3.0% MORAYFIELD ^ 12 $558,000 4.3% $550,000 5.8% 0.0% MURRUMBA DOWNS 24 $463,000 -7.4% $481,500 7.0% 9.4% NARANGBA 61 $447,500 2.9% $440,000 4.8% 1.4% NARANGBA ^ 5 N/A N/A $650,000 N/A N/A NEWPORT 13 $799,000 N/A $799,000 -1.4% -6.0% NINGI 7 N/A N/A $360,000 2.3% N/A NINGI ^ 14 $442,250 N/A $508,750 6.0% -1.2% NORTH LAKES 81 $445,000 -1.1% $449,750 0.1% -1.2% PETRIE 33 $372,000 -3.1% $392,000 5.9% 1.1% REDCLIFFE 33 $397,500 -0.4% $390,000 3.4% 2.6% ROTHWELL 18 $404,250 2.9% $397,000 3.1% 3.7% SAMFORD VALLEY ^ 16 $880,000 N/A $875,000 1.6% 5.7% SANDSTONE POINT 14 $379,500 -3.9% $380,000 2.7% -5.0% SCARBOROUGH ~ f 33 $415,000 -22.3% $465,000 -3.0% -3.1% STRATHPINE 40 $350,500 -1.3% $355,000 0.0% 1.4% TOORBUL 6 N/A N/A $275,000 N/A N/A UPPER CABOOLTURE 7 N/A N/A $335,000 6.3% -3.1% UPPER CABOOLTURE ^ 6 N/A N/A $530,000 4.4% -3.2% WAMURAN ^ 12 $522,500 N/A $532,500 9.0% N/A WARNER 44 $485,000 4.3% $482,500 2.7% 0.7% SALES MARKET - HOUSES (CONT’D) SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE SALES MARKET - HOUSES SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE BRISBANE (SD) 7,002 $480,000 0.2% $480,000 2.1% 5.5% BRISBANE (SD) ^ 582 $585,000 1.7% $580,000 3.6% -0.6% IPSWICH (LGA) 718 $320,000 1.6% $320,000 4.6% 0.0% IPSWICH (LGA) ^ 58 $500,000 2.8% $480,000 5.5% -2.0% AUGUSTINE HEIGHTS 19 $445,000 -3.1% $499,500 2.7% -11.6% BELLBIRD PARK 16 $315,000 3.9% $325,000 4.4% 1.9% BOOVAL 11 $289,500 8.2% $279,500 7.5% -2.6% BRASSALL 36 $335,000 6.3% $322,000 2.2% -3.9% BROOKWATER ~ * 13 $730,000 N/A $700,000 -2.8% N/A BUNDAMBA 24 $271,000 0.7% $280,000 1.8% 2.4% CAMIRA 20 $355,500 0.1% $349,500 5.2% -0.4% COALFALLS 10 $290,000 N/A $290,000 N/A N/A COLLINGWOOD PARK 34 $329,500 6.3% $313,000 2.6% -2.0% DEEBING HEIGHTS 14 $369,000 N/A $380,000 N/A N/A EAST IPSWICH ~ 10 $250,000 -29.8% $270,000 12.5% -1.8% EASTERN HEIGHTS 12 $256,000 -1.5% $265,000 -2.8% -5.9% FLINDERS VIEW ~ 16 $305,500 -16.8% $337,000 -5.7% -15.2% GAILES 7 N/A N/A $235,250 N/A N/A GOODNA 27 $285,000 0.9% $285,000 1.8% -3.4% IPSWICH ~ 14 $315,000 -4.5% $343,500 30.6% 3.5% KARALEE ^ 11 $560,000 8.7% $515,000 1.0% -2.4% LEICHHARDT 8 N/A N/A $222,000 3.3% -11.2% NEWTOWN 6 N/A N/A $325,000 3.7% -5.8% NORTH BOOVAL 9 N/A N/A $275,000 19.6% -3.1% NORTH IPSWICH 17 $265,000 -1.9% $264,000 4.3% -10.1% ONE MILE 9 N/A N/A $245,000 6.5% -4.3% RACEVIEW 37 $306,000 1.2% $307,000 1.3% -5.5% REDBANK 8 N/A N/A $292,500 N/A N/A REDBANK PLAINS 69 $310,000 1.5% $310,000 5.1% 2.3% RIVERVIEW 9 N/A N/A $223,750 -4.8% -11.6% ROSEWOOD 5 N/A N/A $274,750 5.7% 3.3% SADLIERS CROSSING 9 N/A N/A $321,000 N/A 1.6% SILKSTONE 13 $287,000 7.1% $262,500 -0.9% -7.0% SPRINGFIELD 32 $405,000 5.2% $390,000 3.2% 4.3% SPRINGFIELD LAKES 54 $410,000 -1.3% $414,936 5.0% 2.3% YAMANTO 32 $420,000 2.4% $415,000 18.6% 18.6% LOGAN (LGA) 910 $359,000 0.4% $358,000 3.8% -0.6% LOGAN (LGA) ^ 180 $537,500 1.4% $526,750 3.3% 2.3% BEENLEIGH 34 $300,000 -4.3% $305,500 5.3% -7.4% BETHANIA 9 N/A N/A $302,000 7.0% -4.1% BORONIA HEIGHTS 24 $318,000 3.2% $315,000 0.0% -0.3% BROWNS PLAINS 21 $320,000 1.6% $315,000 3.4% -3.7% CEDAR GROVE ^ 7 N/A N/A $419,000 -1.4% -0.2% CEDAR VALE ^ 9 N/A N/A $460,000 7.0% 5.1% CHAMBERS FLAT ^ 5 N/A N/A $508,000 N/A N/A CORNUBIA ^ 6 N/A N/A $745,000 N/A N/A CORNUBIA ~ 20 $505,000 26.3% $495,000 5.3% 5.4% CRESTMEAD 51 $302,000 -2.6% $302,000 4.1% -3.2% DAISY HILL 32 $430,000 2.4% $450,000 4.3% 7.1% EAGLEBY 43 $281,000 3.3% $271,500 6.5% -6.4% EDENS LANDING 16 $344,000 10.3% $339,000 -0.3% -6.1% FORESTDALE ^ 5 N/A N/A $720,000 11.6% 7.1% GREENBANK ^ 25 $560,000 7.7% $526,500 1.7% 0.3% HERITAGE PARK 16 $436,000 -2.4% $417,500 2.7% -0.6% HILLCREST 14 $336,000 0.0% $335,000 4.7% -1.5% HOLMVIEW 11 $353,500 -1.3% $358,000 N/A N/A JIMBOOMBA 13 $385,250 -1.2% $377,750 4.6% 0.7% JIMBOOMBA ^ 22 $472,000 2.6% $465,000 1.1% -5.0% KINGSTON 39 $300,000 5.8% $285,000 7.5% -0.8% LOGAN CENTRAL 14 $295,000 0.0% $289,145 9.5% 4.0% LOGAN RESERVE 14 $360,000 -12.6% $374,806 10.6% N/A LOGAN VILLAGE ^ 5 N/A N/A $492,000 -0.6% -8.3% LOGANHOLME 20 $385,000 8.1% $380,000 6.1% 1.3% LOGANLEA 24 $325,000 -8.1% $331,250 7.4% 1.9% MARSDEN 43 $326,000 0.3% $334,500 7.2% 3.6% MEADOWBROOK 8 N/A N/A $389,500 5.3% -2.4% MOUNT WARREN PARK 28 $329,000 -7.5% $335,500 -1.3% -11.2%
  • 13. 13SEPTEMBER QUARTER 2015 BRISBANE MARKET UPDATES WARNER ^ 4 N/A N/A $763,000 10.6% N/A WOODY POINT ~ 17 $425,000 -14.5% $440,000 13.5% 11.6% REDLAND (LGA) 544 $485,000 1.0% $480,000 3.2% 2.1% REDLAND (LGA) ^ 31 $788,500 -8.7% $850,000 6.9% 1.8% ALEXANDRA HILLS 51 $429,500 4.8% $419,500 2.3% 2.3% BIRKDALE 36 $520,000 4.0% $497,000 3.3% 4.7% CAPALABA 41 $438,750 2.8% $435,000 2.4% 5.4% CAPALABA ^ 4 N/A N/A $830,000 0.0% 0.6% CLEVELAND ~ 54 $610,000 15.4% $550,000 7.1% 4.1% MACLEAY ISLAND 15 $217,000 N/A $224,000 9.3% -10.2% MOUNT COTTON 20 $462,500 -7.4% $480,000 2.3% 3.2% ORMISTON 23 $699,000 5.6% $650,250 18.4% 4.9% REDLAND BAY 51 $512,500 -0.5% $510,000 2.2% 4.1% RUSSELL ISLAND ~ 13 $198,000 21.8% $170,000 -2.9% -24.8% THORNESIDE ~ 12 $496,000 23.2% $480,000 9.7% 5.0% THORNLANDS 42 $520,000 -5.5% $535,000 4.6% -3.1% THORNLANDS ^ 9 N/A N/A $872,500 N/A -4.1% VICTORIA POINT 49 $500,000 4.2% $486,475 4.0% -0.7% WELLINGTON POINT 42 $500,000 -13.0% $567,500 9.1% 4.1% SURROUNDS LOCKYER VALLEY (LGA) 43 $250,000 8.1% $244,000 -0.6% -10.0% LOCKYER VALLEY (LGA) ^ 60 $330,000 -5.7% $355,000 4.4% -1.4% GATTON 17 $242,250 -2.9% $250,000 -3.3% -13.8% KENSINGTON GROVE ^ 4 N/A N/A $375,000 3.7% N/A LAIDLEY 9 N/A N/A $212,000 -0.2% -15.6% LAIDLEY HEIGHTS ^ 4 N/A N/A $294,000 N/A -12.2% REGENCY DOWNS ^ ~ 5 N/A N/A $292,500 -4.1% -14.0% SCENIC RIM (LGA) 55 $385,000 6.8% $369,000 5.4% -1.6% SCENIC RIM (LGA) ^ 80 $518,500 -2.2% $510,000 6.3% 0.5% BEAUDESERT 13 $325,000 3.5% $328,000 2.9% -2.4% BOONAH 4 N/A N/A $275,000 1.9% 0.5% KOORALBYN ^ 6 N/A N/A $310,932 -1.3% -8.5% TAMBORINE ^ 10 $533,500 0.9% $525,000 -1.4% -7.5% TAMBORINE MOUNTAIN 21 $460,000 11.9% $430,000 -1.1% -3.4% TAMBORINE MOUNTAIN ^ ~ 16 $820,000 28.6% $740,000 26.5% -2.6% SOMERSET (LGA) 32 $238,000 -7.8% $247,500 -2.6% -9.2% SOMERSET (LGA) ^ 48 $375,000 4.2% $370,000 -2.5% 0.0% FERNVALE 6 N/A N/A $335,000 -0.6% N/A KILCOY 7 N/A N/A $227,000 -4.6% -17.5% LOWOOD 3 N/A N/A $250,000 -3.1% -7.4% SALES MARKET - HOUSES (CONT’D) SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE 79 352 890 490 6181 391 1026 548 75 <$250,000 $250,000+ $350k+ $500k+ $1m+ BRISBANE CITY UNIT SALES (p) JUN 15 SEP 15 269 286 173 70 7 235 246 203 65 4 <$250,000 $250,000+ $350k+ $500k+ $1m+ BRISBANE SURROUNDS UNIT SALES (p) JUN 15 SEP 15 INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND GOLD COAST UNIT SALES (p) JUN 15 SEP 15 < SALES MARKET - UNITS & TOWNHOUSES (CONT’D) SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE BRISBANE (SD) 2,937 $397,500 1.9% $395,000 1.3% 3.3% IPSWICH (LGA) 85 $258,000 3.2% $298,000 3.2% 3.5% BRASSALL 1 N/A N/A $248,500 0.2% -16.5% BUNDAMBA 6 N/A N/A $302,900 4.4% N/A GOODNA ~ 9 N/A N/A $252,000 -18.7% N/A REDBANK PLAINS ~ 3 N/A N/A $225,000 2.7% -23.7% SPRINGFIELD LAKES 5 N/A N/A $381,900 N/A N/A SALES MARKET - UNITS & TOWNHOUSES LOGAN (LGA) 235 $238,000 3.9% $241,000 -2.8% -12.4% BEENLEIGH ~ 8 N/A N/A $190,000 7.5% -22.4% BORONIA HEIGHTS ~ t 2 N/A N/A $225,000 12.5% N/A DAISY HILL 5 N/A N/A $312,500 N/A N/A EAGLEBY ~ 21 $230,000 11.7% $210,000 -19.2% -25.0% EDENS LANDING 4 N/A N/A $210,000 N/A N/A HILLCREST 6 N/A N/A $230,000 6.4% N/A KINGSTON 5 N/A N/A $275,000 -6.8% -8.3% LOGAN CENTRAL 5 N/A N/A $184,000 8.2% -10.2% MARSDEN 8 N/A N/A $331,000 0.3% -6.8% MEADOWBROOK 5 N/A N/A $248,000 -1.6% -17.3% MOUNT WARREN PARK 4 N/A N/A $215,000 4.4% -14.0% ROCHEDALE SOUTH 6 N/A N/A $275,000 1.7% -3.8% SHAILER PARK 10 $288,000 N/A $280,000 6.5% -8.4% SLACKS CREEK 15 $227,000 N/A $215,000 7.5% -10.9% SPRINGWOOD 9 N/A N/A $277,500 6.5% -1.6% UNDERWOOD 7 N/A N/A $357,500 -5.9% 10.0% WATERFORD WEST 6 N/A N/A $195,000 0.0% -15.2% WOODRIDGE 34 $191,500 0.3% $189,000 3.8% -14.9% MORETON BAY (LGA) 305 $330,000 3.9% $332,500 0.8% -2.2% ALBANY CREEK * t 2 N/A N/A $417,000 N/A N/A BELLARA ~ 2 N/A N/A $230,000 N/A -21.4% BONGAREE 18 $300,000 -4.8% $308,750 6.6% -11.8% BRENDALE ~ t 17 $255,000 -10.8% $267,000 -16.6% -10.7% BURPENGARY 2 N/A N/A $281,500 4.3% -7.7% CABOOLTURE ~ 11 $201,000 -3.8% $189,950 -4.8% -34.5% CLONTARF ~ 2 N/A N/A $391,250 -9.2% 13.4% DECEPTION BAY ~ 12 $240,000 3.0% $240,000 -10.8% -26.2% GRIFFIN 6 N/A N/A $358,500 1.3% N/A KALLANGUR 16 $300,000 -1.6% $307,250 -6.6% -5.5% KIPPA-RING 5 N/A N/A $280,000 5.1% -16.9% LAWNTON ~ 8 N/A N/A $225,000 2.3% -34.8% MANGO HILL 2 N/A N/A $365,000 2.8% -2.7% MARGATE 7 N/A N/A $360,000 -3.4% -1.1% MORAYFIELD 3 N/A N/A $275,000 N/A 8.3% MURRUMBA DOWNS 14 $330,000 -6.5% $340,000 -3.3% -2.3% NORTH LAKES ~ 5 N/A N/A $422,500 17.7% N/A PETRIE 3 N/A N/A $335,500 N/A N/A REDCLIFFE ~ 24 $331,250 -10.5% $371,800 7.8% -8.2% SCARBOROUGH ~ 14 $409,500 19.7% $377,500 -3.2% -13.2% STRATHPINE 4 N/A N/A $263,500 3.4% -7.7% WOODY POINT ~ 11 $330,000 N/A $310,000 -2.4% -33.0% WOORIM 7 N/A N/A $353,750 N/A N/A REDLAND (LGA) ~ t 140 $390,000 6.1% $394,500 12.7% 8.1% BIRKDALE 11 $392,500 -0.6% $387,500 N/A N/A CAPALABA ~ 20 $315,000 14.5% $306,114 2.6% 0.4% CLEVELAND 36 $388,500 11.6% $400,000 -3.6% 3.9% ORMISTON 7 N/A N/A $360,000 2.9% 2.3% THORNESIDE 13 $325,000 N/A $321,000 3.2% 7.4% THORNLANDS 2 N/A N/A $394,500 N/A N/A VICTORIA POINT 7 N/A N/A $376,000 7.4% 3.0% WELLINGTON POINT 11 $458,900 1.0% $456,900 N/A N/A HOUSE PRICEPOINTS 1,194 1,412 628 18 1,265 1,508 652 29 <$350k $350k+ $500k+ $1m+ BRISBANE SURROUNDS HOUSE SALES (p) JUN 15 SEP 15 INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND GOLD COAST HOUSE SALES (p) JUN 15 SEP 15 BUNDABERG HOUSE SALES (p) JUN 15 SEP 15 211 71 14 203 78 13 <$350k $350k+ $500k+ FRASER COAST HOUSE SALES (p) JUN 15 SEP 15 RO 114 740 1,997 318 124 755 2,126 333 <$350k $350k+ $500k+ $1m+ BRISBANE CITY HOUSE SALES (p) JUN 15 SEP 15 215 163 56 233 200 59 <$350k $350k+ $500k+ TOOWOOMBA HOUSE SALES (p) JUN 15 SEP 15
  • 14. 14 QUEENSLAND MARKET MONITOR BRISBANE MARKET UPDATES REDLAND (LGA) ~ B 158 $28,000 -88.8% $240,000 3.0% -3.7% BIRKDALE 2 N/A N/A $309,000 -0.5% 4.7% MACLEAY ISLAND ~ 22 $36,000 -7.7% $33,000 17.9% -35.3% MOUNT COTTON 5 N/A N/A $256,000 -2.3% 0.2% REDLAND BAY 6 N/A N/A $290,000 1.8% 3.6% RUSSELL ISLAND ~ * 63 $18,000 -14.3% $18,500 -7.5% -49.5% THORNLANDS * 12 $286,250 -11.1% $295,000 -1.0% 11.3% WELLINGTON POINT 3 N/A N/A $362,000 2.3% 12.4% SURROUNDS LOCKYER VALLEY (LGA) ~ 7 N/A N/A $103,750 3.8% -17.0% LOCKYER VALLEY (LGA) ^ ~ 21 $135,000 4.2% $131,000 1.2% -3.0% KENSINGTON GROVE ^ 4 N/A N/A $148,500 N/A 12.1% SCENIC RIM (LGA) 11 N/A N/A $179,900 0.2% -2.5% SCENIC RIM (LGA) ^ ~ 10 N/A N/A $225,000 -2.2% 24.0% GLENEAGLE 4 N/A N/A $179,900 0.8% N/A SOMERSET (LGA) 6 N/A N/A $144,000 6.7% 8.3% FERNVALE - N/A N/A $149,000 2.8% 7.2% SALES MARKET - VACANT LAND (CONT’D) SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE RENTAL MARKET - 3 BED HOUSES POST SEP-15 SEP-14 CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS BRISBANE (SD) 772 $207,750 -3.3% $213,200 -0.8% 4.0% BRISBANE (SD) ^ 105 $272,500 0.0% $275,000 3.8% -3.1% IPSWICH (LGA) 124 $176,250 0.2% $179,900 0.5% 1.5% IPSWICH (LGA) ^ 20 $268,750 N/A $255,000 2.4% 0.6% BELLBIRD PARK 7 N/A N/A $219,900 11.6% -4.4% BRASSALL 4 N/A N/A $185,000 2.8% 4.5% BROOKWATER 10 $330,000 N/A $344,000 9.1% N/A DEEBING HEIGHTS 8 N/A N/A $181,200 10.3% N/A KARALEE ^ 5 N/A N/A $280,000 9.8% 6.4% LEICHHARDT * 1 N/A N/A $147,500 -11.9% -17.1% REDBANK PLAINS * 8 N/A N/A $154,000 9.2% -12.0% RIPLEY * 9 N/A N/A $172,500 N/A N/A SOUTH RIPLEY ~ * 11 $158,000 -14.1% $179,900 N/A N/A SPRINGFIELD LAKES ~ * 13 $201,000 12.9% $198,000 5.3% 13.1% LOGAN (LGA) 146 $179,870 -0.8% $181,220 3.0% -11.6% LOGAN (LGA) ^ 39 $268,000 -0.7% $265,000 1.9% 3.9% BUCCAN ^ 1 N/A N/A $290,000 -1.7% N/A CORNUBIA 5 N/A N/A $365,000 5.8% N/A CRESTMEAD 7 N/A N/A $210,000 N/A 5.0% HOLMVIEW 5 N/A N/A $178,850 7.2% -15.6% JIMBOOMBA 7 N/A N/A $160,100 -9.5% -13.6% JIMBOOMBA ^ * 11 $258,000 N/A $252,500 10.9% 17.4% LOGAN RESERVE * 9 N/A N/A $170,000 9.7% N/A LOGAN VILLAGE 3 N/A N/A $250,000 0.4% N/A LOGANLEA * - N/A N/A $202,000 N/A 4.1% MARSDEN - N/A N/A $196,250 7.5% 1.2% NEW BEITH ^ 4 N/A N/A $295,000 7.7% 15.0% WATERFORD 7 N/A N/A $190,000 8.3% 6.4% YARRABILBA ~ * 45 $146,325 -10.6% $164,950 9.6% N/A MORETON BAY (LGA) 168 $240,000 1.9% $227,000 6.0% 11.6% MORETON BAY (LGA) ^ 34 $270,000 1.9% $287,000 8.3% -13.0% BANKSIA BEACH 2 N/A N/A $415,000 -1.8% -11.7% BURPENGARY * - N/A N/A $212,900 0.0% N/A CABOOLTURE 8 N/A N/A $185,000 5.6% -5.1% CABOOLTURE ^ 6 N/A N/A $265,000 3.9% N/A DAKABIN 5 N/A N/A $224,000 12.0% 6.7% GRIFFIN * 25 $250,000 N/A $244,000 14.0% 18.3% KALLANGUR * 9 N/A N/A $232,000 N/A 13.2% MANGO HILL 5 N/A N/A $245,000 7.5% 16.7% MORAYFIELD 5 N/A N/A $185,000 7.6% -4.1% NARANGBA 6 N/A N/A $210,000 1.9% -7.9% NORTH LAKES * 10 $290,275 8.8% $257,360 9.6% 24.2% WARNER 11 $251,900 5.7% $240,000 6.4% 2.1% IPSWICH CITY $300 805 $300 797 4300 AUGUSTINE HEIGHTS $350 187 $340 217 4301 COLLINGWOOD PARK $310 108 $310 119 4303 DINMORE $280 32 $270 26 4304 BLACKSTONE $285 97 $280 83 4305 BASIN POCKET $290 280 $280 273 4306 AMBERLEY $320 66 $330 53 4340 ASHWELL $290 28 $265 24 4346 MARBURG $300 7 N.A. 2 LOGAN CITY $350 991 $340 980 4114 KINGSTON $320 186 $315 177 4118 BROWNS PLAINS $340 93 $340 106 4119 UNDERWOOD $375 11 $395 15 4123 PRIESTS GULLY $395 46 $380 43 4124 BORONIA HEIGHTS $340 40 $350 45 4125 MUNRUBEN $460 9 $430 7 4127 CHATSWOOD HILLS $370 104 $360 103 4128 KIMBERLEY PARK $400 41 $385 35 4129 LOGANDALE $375 26 $355 29 4130 CARBROOK $390 10 $385 14 4131 LOGANLEA $350 36 $350 41 4132 CRESTMEAD $340 106 $325 90 4133 CHAMBERS FLAT $360 50 $350 28 4205 BETHANIA $330 25 $330 18 4207 ALBERTON $340 176 $330 195 4280 JIMBOOMBA $410 31 $400 26 MORETON BAY REGIONAL $350 1087 $340 1059 4019 CLONTARF $365 73 $360 89 4020 NEWPORT $370 82 $360 73 4021 KIPPA-RING $355 28 $350 30 4022 ROTHWELL $335 19 $320 24 4035 ALBANY CREEK $410 29 $400 17 4055 BUNYA $400 39 $410 30 4500 BRAY PARK $360 68 $350 78 4501 LAWNTON $340 19 $330 23 4502 FRENCHS FOREST $360 20 $350 30 4503 DAKABIN $355 106 $350 107 4504 NARANGBA $360 32 $320 30 4505 BURPENGARY $340 29 $340 22 SALES MARKET - VACANT LAND SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE LAND PRICEPOINTS 34 38 36 33 20 70 58 28 <$250,000 $250,000+ $350k+ $500k+ BRISBANE CITY LAND SALES (p) JUN 15 SEP 15 449 100 44 8 464 100 29 3 <$250,000 $250,000+ $350k+ $500k+ BRISBANE SURROUNDS LAND SALES (p) JUN 15 SEP 15 Includes IPSWICH, LOGAN, MORETON BAY & REDLAND GOLD COAST LAND SALES (p) JUN 15 SEP 15 53 5 1 78 1 1 <$250,000 $250,000+ $350k+ FRASER COAST LAND SALES (p) JUN 15 SEP 15 53 <$25 ROC 46 2 0 54 4 1 <$250,000 $250,000+ $350k+ TOOWOOMBA LAND SALES (p) JUN 15 SEP 15 15 <$25 BUNDABERG LAND SALES (p) JUN 15 SEP 15
  • 15. 15SEPTEMBER QUARTER 2015 BRISBANE MARKET UPDATES 4506 MOORINA $305 66 $295 54 4507 BANKSIA BEACH $350 41 $335 44 4508 DECEPTION BAY $320 92 $305 106 4509 MANGO HILL $380 102 $380 78 4510 BALINGOOL $300 173 $285 162 4511 GODWIN BEACH $345 23 $335 28 4514 BELLTHORPE $330 9 $300 12 4520 ARMSTRONG CREEK $435 14 $450 8 4521 CAMPBELLS POCKET $370 14 $410 7 REDLAND CITY $390 343 $380 361 4157 CAPALABA $395 22 $400 30 4158 THORNESIDE $385 14 $360 9 4159 AQUATIC PARADISE $395 23 $395 25 4160 EROBIN $420 31 $390 39 4161 ALEXANDRA HILLS $400 43 $390 47 4163 CLEVELAND $415 39 $420 50 4164 PINKLANDS $410 20 $395 21 4165 MOUNT COTTON $410 59 $395 61 4183 AMITY $360 7 $310 6 4184 COOCHIEMUDLO ISLAND $250 85 $245 73 LOCKYER VALLEY REGIONAL $280 103 $270 116 4341 BLENHEIM $280 49 $270 41 4342 CROWLEY VALE $280 10 $270 18 4343 ADARE $280 38 $275 49 SOMERSET REGIONAL $275 67 $280 63 4311 ATKINSONS DAM $265 28 $260 27 4312 BRYDEN $280 7 $280 13 4313 BIARRA $230 17 N.A. 3 4515 GLENFERN $310 15 $300 20 RENTAL MARKET - 3 BED HOUSES (CONT’D) POST SEP-15 SEP-14 CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS RENTAL MARKET - 2 BED UNITS RENTAL MARKET - 3 BED TOWNHOUSES POST SEP-15 SEP-14 CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS IPSWICH CITY $255 183 $250 171 4300 AUGUSTINE HEIGHTS $260 39 $250 35 4301 COLLINGWOOD PARK $265 18 $270 30 4304 BLACKSTONE $250 30 $245 29 4305 BASIN POCKET $250 91 $240 64 4306 AMBERLEY $265 5 $225 12 LOGAN CITY $270 216 $260 200 4114 KINGSTON $265 76 $260 58 4123 PRIESTS GULLY $310 7 N.A. 3 4127 CHATSWOOD HILLS $280 22 $300 18 4131 LOGANLEA $285 8 N.A. 3 4132 CRESTMEAD $295 7 $260 8 4133 CHAMBERS FLAT $285 13 $250 11 4207 ALBERTON $260 64 $250 76 4280 JIMBOOMBA $280 9 $270 8 MORETON BAY REGIONAL $280 486 $270 527 4019 CLONTARF $270 55 $270 81 4020 NEWPORT $300 89 $290 80 4500 BRAY PARK $290 32 $300 44 4501 LAWNTON $285 11 $280 17 4502 FRENCHS FOREST $250 6 N.A. 3 4503 DAKABIN $280 60 $280 53 4505 BURPENGARY $270 19 $230 9 4506 MOORINA $275 16 $250 13 4507 BANKSIA BEACH $280 48 $280 56 4508 DECEPTION BAY $270 15 $264 20 4509 MANGO HILL $300 24 $315 15 4510 BALINGOOL $260 98 $250 102 REDLAND CITY $330 60 $330 71 4157 CAPALABA $325 8 $325 13 4160 EROBIN $335 8 N.A. 4 4161 ALEXANDRA HILLS $158 5 N.A. 3 4163 CLEVELAND $376 28 $368 34 4165 MOUNT COTTON $330 6 N.A. 1 LOCKYER VALLEY REGIONAL $225 18 $200 16 4343 ADARE $235 15 $225 11 IPSWICH CITY $315 164 $310 142 4300 AUGUSTINE HEIGHTS $365 65 $310 51 4301 COLLINGWOOD PARK $310 26 $310 25 4304 BLACKSTONE $305 39 $305 37 4305 BASIN POCKET $300 32 $305 28 LOGAN CITY $340 462 $335 432 4114 KINGSTON $310 55 $315 49 4118 BROWNS PLAINS $345 70 $350 47 4119 UNDERWOOD $345 22 $410 36 4123 PRIESTS GULLY $340 7 $340 8 4127 CHATSWOOD HILLS $340 32 $315 38 4128 KIMBERLEY PARK $325 18 $340 15 4131 LOGANLEA $350 49 $350 23 4132 CRESTMEAD $340 66 $345 50 4133 CHAMBERS FLAT $325 27 $315 22 4205 BETHANIA $340 12 $340 31 4207 ALBERTON $320 95 $320 105 MORETON BAY REGIONAL $340 616 $335 513 4019 CLONTARF $335 9 $350 12 4020 NEWPORT $350 13 $340 12 4021 KIPPA-RING $325 47 $330 38 4035 ALBANY CREEK $385 15 $385 8 4500 BRAY PARK $350 67 $335 29 4501 LAWNTON $340 13 $330 11 4502 FRENCHS FOREST $335 19 $330 15 4503 DAKABIN $340 197 $340 174 4504 NARANGBA $350 10 $345 6 4505 BURPENGARY $305 26 $310 20 4506 MOORINA $315 13 $310 17 4507 BANKSIA BEACH $320 5 N.A. 4 4508 DECEPTION BAY $310 60 $310 56 4509 MANGO HILL $350 103 $350 89 4510 BALINGOOL $300 11 $295 10 REDLAND CITY $395 190 $390 92 4157 CAPALABA $380 19 $360 19 4158 THORNESIDE $370 13 $390 12 4160 EROBIN $385 63 $395 8 4163 CLEVELAND $410 32 $435 32 4164 PINKLANDS $395 45 N.A. 1 4165 MOUNT COTTON $395 11 $395 13 ... Moreton Bay has taken the lead as the strongest performing house market
  • 16. 16 QUEENSLAND MARKET MONITOR REGIONAL MARKET UPDATES GOLD COAST 18 29 <$350k $350k+ $500k+ $1m+ 55 557 698 119 44 567 776 139 <$350k $350k+ $500k+ $1m+ GOLD COAST HOUSE SALES (p) JUN 15 SEP 15 1 4 70 431 427 58 92 437 477 42 <$350k $350k+ $500k+ $1m+ SUNSHINE COAST & NOOSA HOUSE SALES (p) JUN 15 SEP 15 This quarter the Gold Coast has continued to improve with solid growth in sales activity across all residential markets. Key to the Gold Coast’s strengthening property market has been growing employment opportunities, and in this regard the Gold Coast is leading the charge in Queensland. Both infrastructure and residential developments have boosted jobs in the construction industry which is resulting in an influx of residents to the region. The strengthening tourism industry is also paving the way for further job opportunities. As Sydney and Melbourne potentially reach the peaks of their respective markets it’s anticipated that more buyers will be looking to the southeast corner for purchasing opportunities. The Brisbane to Gold Coast corridor continues to grow and is creating pressure for infrastructure to keep pace, including roads, water and sewerage lines. Traffic congestion is a significant issue, with many commuters travelling daily between Brisbane and the Gold Coast. Upgrades to this arterial road network remain a priority, with a $74.7 million interchange upgrade at Coomera just one example of the local council’s efforts to improve safety and traffic flow. HOUSE MARKET The Gold Coast house market performed strongly this quarter, with preliminary house sales numbers up six per cent over the quarter and 14 per cent over the year to September 2015. Similar to other strengthening house markets in Queensland, this increased activity isn’t translating to significant price growth. However, the Gold Coast recorded the largest change in its median house price for both the quarter and the year ending September, up 3.8 and seven per cent respectively. Local agents reported that buyers were still somewhat price sensitive and were not rushing to purchase. With the influx of new residents to the region, local agents say affordably priced properties are in highest demand. Outer suburbs in particular, such as Upper Coomera and Pacific Pines remain in strong demand, recording the largest increase in house sales over the year to September for the Gold Coast region. The prestige market is also performing strongly with well- located properties in highest demand. Average days on market have remained steady at 72 days, however average vendor discounting continues to trend downwards and at 5.6 per cent, is now almost half the peak of around 10 per cent recorded in mid-2012. UNIT MARKET The unit and townhouse market claims the lion's share of the Gold Coast residential sales market with sales up 27 per cent over the quarter. According to local agents, investors as well as owner occupiers are looking to the apartment market more – driven by the accessibility to the inner city, infrastructure and beaches. Affordable stock is in highest demand and despite strong sales in the prestige end of the market, units in the sub- $350,000 price point recorded the largest increase in sales activity for the quarter. As a result, the median unit sale price was down slightly by 1.4 per cent to $345,000. RENTAL MARKET In the REIQ residential rental survey for September, Gold Coast agents reported strong tenant demand and low supply levels. As a result the vacancy rate tightened to 1.7 per cent. The region has remained below 2.5 per cent (considered the lower end of the healthy range) for two years. Despite this consistently limited vacancy rate, median rental prices have remained in check. According to the RTA’s September quarter figures, median weekly rents remained relatively unchanged.
  • 17. 17 REGIONAL MARKET UPDATES SEPTEMBER QUARTER 2015 GOLD COAST (LGA) 1,579 $545,000 3.8% $535,000 7.0% 4.9% GOLD COAST (LGA) ^ 179 $710,000 -2.1% $712,500 6.3% 0.4% ARUNDEL 31 $566,000 6.8% $530,000 12.8% 12.8% ASHMORE 30 $500,000 0.0% $508,750 6.0% 6.0% BENOWA 43 $825,000 10.0% $780,000 11.4% 1.6% BIGGERA WATERS 9 N/A N/A $660,000 18.9% 14.3% BONOGIN ^ 15 $665,000 1.5% $655,000 11.0% -1.9% BROADBEACH WATERS 31 $840,000 6.5% $819,750 1.2% 0.0% BUNDALL 23 $755,500 -8.4% $822,500 6.1% -12.0% BURLEIGH HEADS 16 $670,000 -10.7% $641,000 4.6% 8.6% BURLEIGH WATERS 60 $695,000 1.5% $667,500 15.1% 17.1% CARRARA 43 $474,750 -6.9% $465,500 1.2% 4.9% CLEAR ISLAND WATERS 10 $905,000 -5.5% $951,000 13.7% 4.5% COOLANGATTA 8 N/A N/A $750,000 N/A N/A COOMBABAH 26 $432,500 -4.3% $435,000 8.9% -1.1% COOMERA ~ f 48 $479,500 -13.6% $465,000 30.3% -18.4% CURRUMBIN ~ f 6 N/A N/A $900,000 21.2% 48.7% CURRUMBIN VALLEY ^ 8 N/A N/A $750,000 N/A N/A CURRUMBIN WATERS 32 $600,000 12.1% $550,000 9.3% 10.0% ELANORA 44 $580,000 10.5% $545,000 5.8% 3.3% GILSTON 7 N/A N/A $498,500 6.3% N/A HELENSVALE 50 $517,500 -1.4% $525,000 9.4% 8.2% HIGHLAND PARK 20 $444,000 0.7% $437,500 2.9% 2.2% HOLLYWELL 13 $618,500 -10.4% $630,000 16.7% 8.8% HOPE ISLAND ~ f 69 $850,000 0.9% $813,750 9.1% -22.5% JACOBS WELL 10 $362,500 N/A $385,000 N/A N/A LABRADOR 36 $460,000 2.2% $457,500 6.4% 4.2% LOWER BEECHMONT 2 N/A N/A $350,000 N/A -8.5% MAUDSLAND 22 $483,250 10.2% $487,000 5.9% 10.2% MERMAID BEACH 10 $1,212,500 -0.9% $1,037,500 11.0% -17.7% MERMAID WATERS ~ f 44 $846,000 17.5% $750,000 13.6% 15.2% MERRIMAC 22 $468,000 -1.7% $467,000 11.2% 9.6% MIAMI 10 $675,000 3.8% $620,000 6.9% 11.7% MOLENDINAR 21 $568,000 6.4% $549,500 9.9% 9.5% MUDGEERABA 35 $477,000 1.5% $498,750 6.1% 2.8% MUDGEERABA ^ 14 $706,000 N/A $670,000 6.3% -8.2% NERANG 39 $400,000 -3.9% $390,000 5.1% 2.0% NERANG ^ 16 $852,500 N/A $845,000 18.2% N/A ORMEAU 43 $430,000 0.9% $434,500 3.9% -2.4% ORMEAU HILLS 11 $515,000 9.9% $476,500 6.8% -6.0% OXENFORD 53 $466,500 8.1% $455,000 4.9% -0.5% PACIFIC PINES 78 $458,500 -2.4% $465,000 1.8% 0.0% PALM BEACH 54 $676,250 5.3% $630,000 12.5% 12.7% PARADISE POINT ~ f 23 $765,000 -15.0% $884,000 9.7% 0.5% PARKWOOD 23 $545,000 1.9% $530,000 9.1% 7.1% PIMPAMA ~ 17 $392,000 -15.8% $423,500 8.6% 5.9% REEDY CREEK 17 $665,000 3.7% $655,000 6.2% -1.1% ROBINA ~ 65 $622,500 17.9% $585,000 11.4% 7.9% RUNAWAY BAY 25 $825,250 10.8% $875,000 8.2% 18.6% SOUTHPORT 61 $506,500 -1.9% $504,000 11.4% 6.1% SURFERS PARADISE 32 $1,105,000 6.8% $1,225,000 10.4% -5.3% TALLAI ^ ~ 11 $855,000 N/A $783,750 16.1% 2.8% TALLEBUDGERA ^ ~ 10 $702,500 -8.9% $735,000 8.9% 2.1% TALLEBUDGERA VALLEY ^ 2 N/A N/A $750,000 0.0% N/A TUGUN 15 $502,550 5.5% $495,000 4.0% 8.3% UPPER COOMERA 103 $430,000 2.9% $423,000 6.3% -1.2% VARSITY LAKES 27 $490,000 -10.9% $532,500 10.4% 7.6% WONGAWALLAN ^ 8 N/A N/A $628,000 N/A N/A WORONGARY 8 N/A N/A $420,000 2.7% 3.7% WORONGARY ^ 6 N/A N/A $677,500 5.4% -6.9% SALES MARKET - UNITS & TOWNHOUSES SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE SALES MARKET - HOUSES SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE GOLD COAST (LGA) 1,919 $345,000 -1.4% $350,000 -1.4% -8.6% ARUNDEL 18 $317,500 0.8% $320,000 4.0% -1.5% ASHMORE 18 $269,000 -11.2% $303,000 8.2% -2.3% BENOWA * t 22 $438,750 -14.1% $519,000 -0.2% 18.7% BIGGERA WATERS ~ 43 $299,250 0.6% $295,000 -23.6% -25.3% BILINGA ~ 14 $525,000 1.9% $502,500 -8.6% -5.2% BROADBEACH 89 $378,000 -11.1% $420,000 -4.0% -13.2% BROADBEACH WATERS 7 N/A N/A $425,000 14.9% -6.6% BUNDALL 13 $325,900 9.4% $329,900 10.0% -7.1% BURLEIGH HEADS 67 $421,770 4.1% $410,000 5.1% 0.0% BURLEIGH WATERS 22 $360,000 -5.9% $370,000 9.5% 1.4% CARRARA ~ t 48 $415,000 27.7% $426,040 9.2% -1.5% CLEAR ISLAND WATERS ~ f 11 $409,000 -19.8% $452,500 -6.7% -8.6% COOLANGATTA 61 $406,250 -8.6% $425,000 9.0% -16.3% COOMBABAH 30 $320,000 3.2% $331,500 5.2% -4.7% COOMERA ~ f 30 $270,000 -1.8% $281,200 -19.1% -17.3% CURRUMBIN 9 N/A N/A $438,750 9.7% 8.2% CURRUMBIN WATERS 12 $330,000 -5.2% $338,750 12.9% -4.2% ELANORA 20 $360,000 19.0% $309,500 4.4% -8.0% HELENSVALE ~ t 18 $250,000 -23.9% $300,000 -3.2% 0.0% HIGHLAND PARK ~ t 7 N/A N/A $292,000 18.2% N/A HOLLYWELL ~ 4 N/A N/A $605,000 N/A -34.9% HOPE ISLAND * f 36 $462,500 14.8% $445,000 7.2% 8.5% LABRADOR 113 $305,500 -5.7% $321,500 1.1% -1.1% MAIN BEACH 40 $575,000 0.9% $571,250 2.9% -18.7% MERMAID BEACH 34 $327,500 -9.8% $349,500 -0.9% -9.2% MERMAID WATERS 32 $315,000 -2.2% $322,000 2.2% -0.6% MERRIMAC 12 $385,000 24.2% $342,500 -4.3% -17.7% MIAMI 42 $429,500 15.6% $395,000 12.9% 5.1% MUDGEERABA 24 $300,000 -10.2% $331,500 4.4% -2.5% NERANG 32 $278,500 -5.9% $299,000 9.6% -1.6% ORMEAU 11 $370,000 24.2% $347,001 8.4% -6.2% OXENFORD 21 $287,000 3.2% $281,000 2.2% -3.1% PACIFIC PINES 22 $338,000 -3.4% $349,000 -2.9% -10.5% PALM BEACH 64 $354,000 2.6% $345,000 -1.4% -5.5% PARADISE POINT ~ f 18 $577,500 -2.1% $594,500 22.5% 13.8% PARKWOOD 5 N/A N/A $317,500 N/A N/A PIMPAMA 4 N/A N/A $340,000 -4.2% -8.1% REEDY CREEK 13 $297,000 6.5% $285,000 -1.7% -9.1% ROBINA 55 $402,000 -4.3% $420,000 4.0% -8.1% RUNAWAY BAY 31 $540,000 17.4% $422,500 -1.7% 5.8% SOUTHPORT 126 $324,000 -0.5% $325,000 -0.9% -4.4% SURFERS PARADISE 281 $345,000 3.8% $345,000 1.5% -11.3% TUGUN 20 $350,000 -10.3% $376,000 -0.1% -12.5% UPPER COOMERA 26 $325,000 -3.0% $321,175 8.9% -9.5% VARSITY LAKES 63 $384,669 -5.0% $390,000 0.5% -0.4% 79 352 890 490 6181 391 1026 548 75 <$250,000 $250,000+ $350k+ $500k+ $1m+ BRISBANE CITY UNIT SALES (p) JUN 15 SEP 15 269 286 173 70 7 235 246 203 65 4 <$250,000 $250,000+ $350k+ $500k+ $1m+ BRISBANE SURROUNDS UNIT SALES (p) JUN 15 SEP 15 INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND 195 542 471 234 33 265 678 555 337 55 <$250,000 $250,000+ $350k+ $500k+ $1m+ GOLD COAST UNIT SALES (p) JUN 15 SEP 15 74 209 221 127 28 76 220 217 137 22 SUNSHINE COAST & NOOSA UNIT SALES (p) JUN 15 SEP 15 < < <
  • 18. 18 QUEENSLAND MARKET MONITOR REGIONAL MARKET UPDATES GOLD COAST CITY $380 2462 $360 2634 4209 COOMERA $320 12 N.A. 4 4210 OXENFORD $320 16 $300 23 4211 PACIFIC PINES $310 30 $325 30 4212 HELENSVALE $410 53 $390 57 4214 ARUNDEL $335 19 $300 20 4215 SOUTHPORT $360 554 $350 573 4216 PARADISE POINT $365 234 $355 182 4217 SURFERS PARADISE $425 565 $400 656 4218 BROADBEACH $380 320 $350 333 4220 BURLEIGH HEADS $400 172 $380 218 4221 PALM BEACH $360 109 $325 124 4223 CURRUMBIN $380 38 $370 34 4224 TUGUN $350 49 $340 46 4225 COOLANGATTA $350 110 $330 142 4226 CLEAR ISLAND WATERS $420 46 $410 63 4227 VARSITY LAKES $400 126 $360 124 SCENIC RIM REGIONAL $230 28 $220 30 4285 ALLENVIEW $230 23 $210 20 LAND PRICEPOINTS 34 38 36 33 20 70 58 28 <$250,000 $250,000+ $350k+ $500k+ BRISBANE CITY LAND SALES (p) JUN 15 SEP 15 449 100 44 8 464 100 29 3 <$250,000 $250,000+ $350k+ $500k+ BRISBANE SURROUNDS LAND SALES (p) JUN 15 SEP 15 Includes IPSWICH, LOGAN, MORETON BAY & REDLAND 98 38 6 17 111 36 13 14 <$250,000 $250,000+ $350k+ $500k+ GOLD COAST LAND SALES (p) JUN 15 SEP 15 SUNSHINE COAST & NOOSA LAND SALES (p) 53 5 1 78 1 1 <$250,000 $250,000+ $350k+ FRASER COAST LAND SALES (p) JUN 15 SEP 15 GLADSTONE LAND SALES (p) 53 <$2 ROC 46 2 0 54 4 1 <$250,000 $250,000+ $350k+ TOOWOOMBA LAND SALES (p) JUN 15 SEP 15 46 <$2 15 <$2 36 1 1 41 0 0 <$250,000 $250,000+ $350k+ BUNDABERG LAND SALES (p) JUN 15 SEP 15 RENTAL MARKET - 3 BED HOUSES POST SEP-15 SEP-14 CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS RENTAL MARKET - 2 BED UNITS POST SEP-15 SEP-14 CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS RENTAL MARKET - 3 BED TOWNHOUSES SALES MARKET - VACANT LAND SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE GOLD COAST (LGA) 174 $240,000 0.0% $235,000 2.2% -1.9% GOLD COAST (LGA) ^ 12 N/A N/A $392,500 9.0% -2.5% COOMERA 44 $245,000 0.2% $239,900 2.3% -3.0% ELANORA 1 N/A N/A $318,000 N/A N/A GILSTON 1 N/A N/A $262,000 3.6% N/A HELENSVALE 6 N/A N/A $512,000 2.4% -0.3% HOPE ISLAND ~ f 25 $445,000 -13.6% $515,000 41.1% 56.1% MAUDSLAND 7 N/A N/A $249,716 0.8% N/A ORMEAU 2 N/A N/A $228,000 3.6% -12.0% ORMEAU HILLS 4 N/A N/A $216,300 0.7% N/A PACIFIC PINES 1 N/A N/A $226,200 N/A -3.9% PIMPAMA * 26 $236,000 7.3% $223,950 2.0% 4.2% REEDY CREEK 5 N/A N/A $335,000 4.7% -1.5% UPPER COOMERA * 10 $220,832 -8.4% $239,000 4.1% 0.8% WILLOW VALE 2 N/A N/A $215,900 5.3% N/A GOLD COAST CITY $450 986 $430 941 4208 ORMEAU $400 20 $380 21 4209 COOMERA $390 95 $385 115 4210 OXENFORD $400 20 $430 17 4211 PACIFIC PINES $420 119 $410 101 4212 HELENSVALE $475 57 $490 59 4213 MUDGEERABA $450 30 $440 35 4214 ARUNDEL $435 74 $420 93 4215 SOUTHPORT $430 139 $410 98 4216 PARADISE POINT $450 75 $430 51 4217 SURFERS PARADISE $590 44 $530 50 4218 BROADBEACH $560 64 $500 60 4220 BURLEIGH HEADS $500 56 $470 60 4221 PALM BEACH $500 32 $470 47 4223 CURRUMBIN $545 23 $500 25 4224 TUGUN $465 12 $400 11 4225 COOLANGATTA $390 7 $420 8 4226 CLEAR ISLAND WATERS $465 65 $460 55 4227 VARSITY LAKES $460 47 $450 33 4228 TALLEBUDGERA $500 7 N.A. 2 SCENIC RIM REGIONAL $320 113 $300 94 4270 TAMBORINE $440 5 N.A. 3 4272 MOUNT TAMBORINE $400 22 $360 17 4275 BENOBBLE $380 10 $360 6 4285 ALLENVIEW $300 44 $290 36 4307 COLEYVILLE $250 8 N.A. 4 4310 ALLANDALE $260 14 $265 13 GOLD COAST CITY $400 1145 $385 1133 4208 ORMEAU $380 10 $360 12 4209 COOMERA $370 164 $360 159 4210 OXENFORD $355 14 $360 18 4211 PACIFIC PINES $395 192 $370 192 4212 HELENSVALE $430 33 $430 35 4213 MUDGEERABA $410 30 $380 42 4214 ARUNDEL $380 54 $380 33 4215 SOUTHPORT $400 120 $380 125 4216 PARADISE POINT $380 115 $380 86 4217 SURFERS PARADISE $500 57 $440 42 4218 BROADBEACH $480 27 $450 34 4220 BURLEIGH HEADS $410 33 $390 26 4221 PALM BEACH $410 23 $390 32 4223 CURRUMBIN $420 17 $400 12 4224 TUGUN $440 16 $430 19 4226 CLEAR ISLAND WATERS $460 162 $440 176 4227 VARSITY LAKES $440 73 $420 81 ..Key to the Gold Coast’s strengthening property market has been growing employment opportunities.
  • 19. 19 REGIONAL MARKET UPDATES SEPTEMBER QUARTER 2015 TOOWOOMBA HOUSE PRICEPOINTS 1,194 1,412 628 18 1,265 1,508 652 29 <$350k $350k+ $500k+ $1m+ BRISBANE SURROUNDS HOUSE SALES (p) JUN 15 SEP 15 INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND 55 557 698 119 44 567 776 139 <$350k $350k+ $500k+ $1m+ GOLD COAST HOUSE SALES (p) JUN 15 SEP 15 163 43 8 166 42 7 <$350k $350k+ $500k+ BUNDABERG HOUSE SALES (p) JUN 15 SEP 15 15 < 211 71 14 203 78 13 <$350k $350k+ $500k+ FRASER COAST HOUSE SALES (p) JUN 15 SEP 15 48 52 14 57 45 8 <$350k $350k+ $500k+ GLADSTONE HOUSE SALES (p) JUN 15 SEP 15 R 114 740 1,997 318 124 755 2,126 333 <$350k $350k+ $500k+ $1m+ BRISBANE CITY HOUSE SALES (p) JUN 15 SEP 15 215 163 56 233 200 59 <$350k $350k+ $500k+ TOOWOOMBA HOUSE SALES (p) JUN 15 SEP 15 70 431 427 58 92 437 477 42 <$350k $350k+ $500k+ $1m+ SUNSHINE COAST & NOOSA HOUSE SALES (p) JUN 15 SEP 15 UNIT PRICEPOINTS 79 352 890 490 6181 391 1026 548 75 <$250,000 $250,000+ $350k+ $500k+ $1m+ BRISBANE CITY UNIT SALES (p) JUN 15 SEP 15 269 286 173 70 7 235 246 203 65 4 <$250,000 $250,000+ $350k+ $500k+ $1m+ BRISBANE SURROUNDS UNIT SALES (p) JUN 15 SEP 15 INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND 195 542 471 234 33 265 678 555 337 55 <$250,000 $250,000+ $350k+ $500k+ $1m+ GOLD COAST UNIT SALES (p) JUN 15 SEP 15 74 209 221 127 28 76 220 217 137 22 <$250,000 $250,000+ $350k+ $500k+ $1m+ SUNSHINE COAST & NOOSA UNIT SALES (p) JUN 15 SEP 15 27 12 6 2 13 15 2 1 <$250,000 $250,000+ $350k+ $500k+ BUNDABERG UNIT SALES (p) JUN 15 SEP 15 20 <$2 32 28 9 3 43 15 3 3 <$250,000 $250,000+ $350k+ $500k+ FRASER COAST UNIT SALES (p) JUN 15 SEP 15 8 9 3 1 3 4 3 0 <$250,000 $250,000+ $350k+ $500k+ GLADSTONE UNIT SALES (p) JUN 15 SEP 15 3 <$ < < 31 44 14 4 31 60 18 7 <$250,000 $250,000+ $350k+ $500k+ TOOWOOMBA UNIT SALES (p) JUN 15 SEP 15 LAND PRICEPOINTS 34 38 36 33 20 70 58 28 <$250,000 $250,000+ $350k+ $500k+ BRISBANE CITY LAND SALES (p) JUN 15 SEP 15 449 100 44 8 464 100 29 3 <$250,000 $250,000+ $350k+ $500k+ BRISBANE SURROUNDS LAND SALES (p) JUN 15 SEP 15 Includes IPSWICH, LOGAN, MORETON BAY & REDLAND 98 38 6 17 111 36 13 14 <$250,000 $250,000+ $350k+ $500k+ GOLD COAST LAND SALES (p) JUN 15 SEP 15 70 61 55 SUNSHINE COAST & NOOSA LAND SALES (p) JUN 15 SEP 15 53 5 1 78 1 1 <$250,000 $250,000+ $350k+ FRASER COAST LAND SALES (p) JUN 15 SEP 15 22 GLADSTONE LAND SALES (p) JUN 15 SEP 15 46 2 0 54 4 1 <$250,000 $250,000+ $350k+ TOOWOOMBA LAND SALES (p) JUN 15 SEP 15 36 1 1 41 0 0 <$250,000 $250,000+ $350k+ BUNDABERG LAND SALES (p) JUN 15 SEP 15 After two quarters of easing buyer activity, the Toowoomba market bounced back in the September quarter. The outlook for the region remains very positive with a number of major projects either under way or planned. The second range crossing project has been greatly anticipated throughout the region and the project commenced construction on 7 December with the sod officially turned. Project developer Nexus is limited to hiring people from within a 70km radius and this will boost employment and market confidence. A multimillion-dollar abattoir is also in the planning stage, while the QIC redevelopment in the city centre will significantly increase the retail net lettable area. The crane index visible across the city skyline is a clear indicator of strong construction levels and this is creating optimism for the market. Progress from the Federal Government on the inland rail from Brisbane to Melbourne that will go via Toowoomba is another windfall for the region. With all this in mind, Toowoomba is well positioned for continued, stable growth both economically and in the residential property market. The significant property price growth of 2014 is not likely to be repeated however there is confidence from all market observers that consistent, stable growth will be the trademark of the 2016 market. HOUSE MARKET Toowoomba’s house market is still very much in healthy territory, however, sales volume has tapered off compared with the previous year. Preliminary house sales during the September quarter lifted 13 per cent compared with the June quarter. However, due to a very quiet first half of this year total sales for the year to September was down 12 per cent. Property prices held steady, with the region’s median house price up marginally over the quarter to $353,000. The prestige market is also holding ground with two homes in East Toowoomba reportedly selling off-market in excess of $1 million. Despite houses spending a little longer on the market, Toowoomba continues to record the shortest average days on market for all major regional centres outside Brisbane. Average vendor discounting has increased in line with the increased time on market. Over-optimistic vendors who price their property a little too high for the market are contributing to this statistic. UNIT MARKET Similar to the house market, Toowoomba’s unit and townhouse market sales activity bounced back, up 23 per cent over the September quarter compared with the June quarter. Townhouses continue to sell reasonably well, pushing the median sale price up 10.7 per cent over the quarter. Average time on market and average vendor discounting have remained relatively consistent with that seen a year ago, at 77 days and 4.2 per cent respectively. Listing numbers meanwhile were marginally down, by two per cent. RENTAL MARKET At the end of September Toowoomba’s vacancy rate had improved slightly, down 0.5 percentage points to 2.7 per cent since the end of June. New townhouse developments popular with investors have largely been responsible for the additional rental stock and weekly rents have eased since the end of June. According to local agents, however, the excess stock has dwindled while tenant enquiry levels have already begun to pick up, particularly for affordably priced rentals.
  • 20. 20 QUEENSLAND MARKET MONITOR REGIONAL MARKET UPDATES TOOWOOMBA (LGA) ~ * 59 $170,800 -7.2% $172,000 7.5% 24.2% TOOWOOMBA (LGA) ^ 23 $190,000 0.0% $210,000 16.7% 34.8% CRANLEY - N/A N/A $159,950 0.6% N/A GLENVALE* 12 $172,500 N/A $174,960 2.9% 27.7% KEARNEYS SPRING * 8 N/A N/A $189,500 N/A 18.6% KLEINTON 4 N/A N/A $175,000 11.1% N/A MIDDLE RIDGE * 1 N/A N/A $258,500 -10.8% 24.3% WESTBROOK 4 N/A N/A $167,000 5.4% N/A WYREEMA * 5 N/A N/A $147,000 N/A N/A SURROUNDS SOUTHERN DOWNS (LGA) ~ 8 N/A N/A $87,000 20.4% -3.3% SALES MARKET - UNITS & TOWNHOUSES RENTAL MARKET - 3 BED TOWNHOUSES RENTAL MARKET - 2 BED UNITS SALES MARKET - VACANT LAND SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE SALES MARKET - HOUSES SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE RENTAL MARKET - 3 BED HOUSES POST SEP-15 SEP-14 CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS TOOWOOMBA (LGA) 497 $353,000 0.6% $352,500 5.2% 20.5% TOOWOOMBA (LGA) ^ 119 $485,000 -8.5% $500,000 3.1% 14.9% CENTENARY HEIGHTS 20 $367,000 0.5% $364,500 4.1% 21.5% CROWS NEST 3 N/A N/A $255,000 7.6% 10.9% DARLING HEIGHTS 17 $348,000 -8.3% $350,000 4.5% 13.3% EAST TOOWOOMBA 19 $380,000 -9.3% $430,000 3.6% 21.1% GLENVALE 11 $360,000 -2.7% $377,000 6.2% 14.9% GLENVALE ^ 5 N/A N/A $541,250 N/A N/A HARLAXTON 11 $300,000 13.4% $287,650 13.4% 16.8% HARRISTOWN 20 $355,500 11.1% $320,000 3.2% 23.6% HIGHFIELDS 9 N/A N/A $495,000 8.2% 17.9% HIGHFIELDS ^ 14 $542,500 4.1% $525,000 1.0% 19.3% KEARNEYS SPRING 32 $354,000 -3.8% $365,000 1.4% 16.8% KINGSTHORPE 4 N/A N/A $312,500 3.8% 21.1% KLEINTON 4 N/A N/A $502,500 4.7% N/A MERINGANDAN WEST ^ ~ 4 N/A N/A $391,500 13.5% 28.4% MIDDLE RIDGE 25 $507,500 -1.5% $517,500 10.1% 16.3% MOUNT LOFTY 19 $474,000 8.7% $454,000 10.7% 24.4% NEWTOWN 37 $305,000 -6.2% $315,000 8.6% 21.2% NORTH TOOWOOMBA 24 $302,750 -3.1% $316,000 5.3% 25.0% OAKEY 8 N/A N/A $236,500 7.5% -1.5% PITTSWORTH 7 N/A N/A $282,500 1.3% 3.7% RANGEVILLE 33 $435,500 -7.3% $455,000 16.0% 19.7% ROCKVILLE 14 $279,250 2.3% $280,000 -1.8% 5.3% SOUTH TOOWOOMBA 18 $336,750 -7.1% $339,000 4.3% 27.9% TOOWOOMBA CITY ~ 10 $299,000 -18.1% $359,000 11.5% 31.7% WESTBROOK 16 $450,500 10.6% $455,000 4.5% 15.9% WILSONTON 26 $335,000 5.5% $320,000 2.6% 16.4% WILSONTON HEIGHTS 5 N/A N/A $285,000 -3.0% 14.5% WYREEMA 5 N/A N/A $347,000 7.6% 21.8% SURROUNDS GOONDIWINDI (LGA) ~ 20 $190,000 -17.4% $242,500 -1.0% -1.8% GOONDIWINDI 9 N/A N/A $270,000 -0.9% 1.3% SOUTHERN DOWNS (LGA) ~ 72 $245,000 6.5% $233,500 -6.6% -2.7% SOUTHERN DOWNS (LGA) ^ ~ 45 $350,000 9.4% $351,275 9.8% 10.6% STANTHORPE 19 $240,000 7.3% $228,000 -3.0% -8.2% WARWICK 31 $230,000 -3.7% $236,000 -9.2% -3.7% WESTERN DOWNS (LGA) ~ 30 $247,000 9.8% $247,000 -11.5% -6.8% WESTERN DOWNS (LGA) ^ ~ 15 $380,000 15.2% $330,000 -10.5% -7.0% CHINCHILLA 10 $283,500 N/A $310,000 -11.4% 8.8% DALBY 15 $237,250 -5.1% $249,750 -5.6% -9.8% DALBY ^ 6 N/A N/A $417,500 -2.9% -5.5% TOOWOOMBA (LGA) ~ t 116 $310,000 10.7% $299,000 6.8% 24.4% CENTENARY HEIGHTS ~ 4 N/A N/A $277,000 -9.0% N/A EAST TOOWOOMBA ~ 11 $321,000 N/A $359,000 34.0% 30.5% HARRISTOWN 4 N/A N/A $216,000 -4.8% -11.7% HIGHFIELDS 10 $327,500 N/A $325,000 N/A N/A KEARNEYS SPRING 8 N/A N/A $293,250 2.9% 15.2% NEWTOWN 9 N/A N/A $270,000 7.0% 25.0% RANGEVILLE 8 N/A N/A $352,500 11.9% 20.3% SOUTH TOOWOOMBA ~ 7 N/A N/A $298,000 -3.9% 28.9% WILSONTON 3 N/A N/A $250,000 -0.5% 15.3% TOOWOOMBA REGIONAL $300 626 $300 588 4350 KEARNEYS SPRING $300 503 $305 445 4352 AMIENS $315 27 $325 18 4354 DOUGLAS $270 6 $265 7 4355 ANDURAMBA $255 9 $265 15 4356 PITTSWORTH $260 10 $270 23 4357 BRINGALILY $240 8 $245 11 4358 CAMBOOYA $290 5 N.A. 2 4361 BACK PLAINS $230 5 $220 9 4363 SOUTHBROOK $315 7 N.A. 2 4401 ACLAND $260 25 $275 42 4614 NEUMGNA $220 7 N.A. 2 GOONDIWINDI REGIONAL $275 30 $280 37 4387 BRUSH CREEK $200 5 $200 7 4390 BILLA BILLA $300 23 $300 26 SOUTHERN DOWNS REGIONAL $250 138 $255 140 4362 ALLORA $220 6 $275 9 4370 WARWICK $260 82 $260 71 4380 STANTHORPE $260 40 $250 45 WESTERN DOWNS REGIONAL $230 170 $300 154 4405 BLAXLAND $240 94 $280 68 4413 BAKING BOARD $210 46 $315 52 4415 MILES $200 16 $375 14 TOOWOOMBA REGIONAL $250 393 $240 359 4350 KEARNEYS SPRING $250 369 $245 325 4356 PITTSWORTH $200 5 N.A. 2 4401 ACLAND $230 5 $210 13 GOONDIWINDI REGIONAL $195 23 $190 23 4390 BILLA BILLA $195 23 $200 21 SOUTHERN DOWNS REGIONAL $205 62 $195 61 4370 WARWICK $220 38 $200 43 4380 STANTHORPE $200 21 $180 16 WESTERN DOWNS REGIONAL $180 53 $250 54 4405 BLAXLAND $195 32 $205 31 4413 BAKING BOARD $170 17 $300 19 TOOWOOMBA REGIONAL $300 26 $295 22 4350 KEARNEYS SPRING $300 24 $295 22 WESTERN DOWNS REGIONAL $250 17 N/A 10 4413 BAKING BOARD $200 11 $300 7
  • 21. 21 REGIONAL MARKET UPDATES SEPTEMBER QUARTER 2015 SUNSHINE COASTThe Sunshine Coast market conditions are flourishing at the moment, with sales activity growing steadily across most parts of the region for the quarter. The strength of buyer activity varies according to the position, property type and price bracket, however confidence in the market overall remains buoyant. The growth in sales activity and residential property prices is at sustainable levels, with buyer demand at healthy levels. Local agents also feel that there is a good balance between levels of supply and demand. Even with the stronger market conditions local agents report that vendors do still need to correctly market their properties in order to create strong buyer interest and achieve a good sales result. Investor numbers aren’t growing significantly, which is surprising considering the tight rental market and healthy rental returns on offer. It’s likely the tightening of banking lending criteria may have something to do with the low level of investor activity. The Sunshine Coast population is growing, attracting new residents from interstate and overseas and local agents believe the outlook for the region is very positive. The region is going from strength to strength with a multitude of developments, both infrastructure and property, providing a boost to local employment. HOUSE MARKET Over the September quarter the Sunshine Coast statistical division (SD) continued on its trajectory of growth with sales activity up five per cent. This increase was largely seen in the Sunshine Coast council area while Noosa recorded a slight fall. Property price growth has been consistent, with the prestige end also achieving positive results. Over the September quarter, the highest increase in buyer activity was recorded in the $500,000-plus price point. The median house price however remained relatively stable over the quarter with a lift in sales in the sub- $350,000 price point also recorded. Well-presented and well-priced properties are selling quickly. However, vendors who are choosing to test the market and not present their property to its potential are seeing their property spend longer days on market. UNIT MARKET The unit market performed strongly with solid interest reported in lower-level units and townhouse complexes. Those with low body corporate fees are also said to be of a main priority for many buyers in this segment of the market. Noosa preliminary sales increase 23 per cent while the Sunshine Coast (SD) preliminary sales numbers increased just two per cent. Average days on market and average vendor discounting rates remained relatively unchanged over the year. With increased listings, these figures indicated that buyer demand in the unit market remained healthy. RENTAL MARKET At the end of September, the REIQ residential rental survey found rental conditions on the Sunshine Coast were very tight. The Sunshine Coast SD vacancy rate tightened further to 1.3 per cent with the Noosa council area and Caloundra coastal area recording the tightest vacancy in the state with 0.9 per cent. According to local agents, it is common for new residents to rent before they buy when they first move to the region, which provides the rental market with a steady influx of new tenants. Investors are not present in the market in significant numbers and this hampers the supply of rental stock to the market. Local agents also reported a pick-up in tenant enquiry for executive and prestige level rentals, a sector that hadn’t been strong before now. Although vacancy levels have been below two per cent for some time now, median rents have not yet significantly increased. As a result, gross rental yields have also remained steady at 4.4 and 4.9 per cent for houses and units respectively over the quarter. HOUSE PRICEPOINTS 1,194 1,412 628 18 1,265 1,508 652 29 <$350k $350k+ $500k+ $1m+ BRISBANE SURROUNDS HOUSE SALES (p) JUN 15 SEP 15 INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND 55 557 698 119 44 567 776 139 <$350k $350k+ $500k+ $1m+ GOLD COAST HOUSE SALES (p) JUN 15 SEP 15 163 43 8 166 42 7 <$350k $350k+ $500k+ BUNDABERG HOUSE SALES (p) JUN 15 SEP 15 153 1 <$350 211 71 14 203 78 13 <$350k $350k+ $500k+ FRASER COAST HOUSE SALES (p) JUN 15 SEP 15 48 52 14 57 45 8 <$350k $350k+ $500k+ GLADSTONE HOUSE SALES (p) JUN 15 SEP 15 227 <$ 75 < 133 < ROCK 114 740 1,997 318 124 755 2,126 333 <$350k $350k+ $500k+ $1m+ BRISBANE CITY HOUSE SALES (p) JUN 15 SEP 15 215 163 56 233 200 59 <$350k $350k+ $500k+ TOOWOOMBA HOUSE SALES (p) JUN 15 SEP 15 70 431 427 58 92 437 477 42 <$350k $350k+ $500k+ $1m+ SUNSHINE COAST & NOOSA HOUSE SALES (p) JUN 15 SEP 15 33 55 <$250,000 $250,000+ $350k+ $500k+ $1m+ 74 209 221 127 28 76 220 217 137 22 <$250,000 $250,000+ $350k+ $500k+ $1m+ SUNSHINE COAST & NOOSA UNIT SALES (p) JUN 15 SEP 15 < < (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by CoreLogic RP Data. 100 44 8 100 29 3 <$250,000 $250,000+ $350k+ $500k+ 98 38 6 17 111 36 13 14 <$250,000 $250,000+ $350k+ $500k+ GOLD COAST LAND SALES (p) JUN 15 SEP 15 70 36 21 7 61 55 14 9 <$250,000 $250,000+ $350k+ $500k+ SUNSHINE COAST & NOOSA LAND SALES (p) JUN 15 SEP 15