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     YO U R STAT E W I D E P R O P E R T Y R E S E A R C H G U I D E - S U B U R B B Y S U B U R B
  Y O U R S TAT E - W I D E P R O P E R T Y R E S E A R C H G U I D E - S U B U R B B Y S U B U R B




                                                   MARKET
                                                   MONITOR
  Issue 5 - March 2010                                                                      www.reiq.com.au




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QUEENSLAND
             MAR K E T
             MONITOR
COnTEnTS

        State-wide Summary.................................. page 2                                    Queensland Market Monitor is published by
                                                                                                     The Real Estate Institute of Queensland (REIQ).
        Regional Overview                                                                                                    ABN 49 009 661 287
        [Houses, Units & Townhouses, Vacant land, Rents]                                   Disclaimer: The information contained in this publication, while based on information believed
                                                                                           reliable, is not guaranteed. Nor is any of it tendered by way of investment advice; instead, it is
                Brisbane City.......................................... page 4             intended only to inform and illustrate. No reader should act on the basis of any matter contained
                                                                                           in this publication without considering and if necessary taking appropriate professional advice with

                Brisbane Surrounds.............................. page 9                    regards to their own particular circumstances. The publisher and editor give no representations
                                                                                           and make no warranties, express or implied, with respect to the accuracy or completeness of

                Gold Coast City..................................... page 13               any of the material (including statistics, advertisements and advertising features) contained in
                                                                                           this publication. The publisher and editor expressly disclaim any and all liability to the reader,

                Toowoomba Regional........................... page 16                      whether a purchaser of this publication or not, in respect of anything and the consequences of
                                                                                           anything done or omitted to be done by any such person in reliance, whether whole or partial,

                Sunshine Coast City............................ page 18                    upon the whole or any part of the contents of this publication. The publisher, editor or contributors
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                fraser Coast Regional.......................... page 20                    organisation, person, investment strategy or technique does not imply endorsement by the
                                                                                           publisher. The publisher has not vetted advertisers and their products/services. The inclusion of

                Bundaberg Regional.............................. page 22
                                                                                           advertisements or special advertising features in this publication does not imply endorsement of
                                                                                           the advertiser/s or their products/services by the publisher. Articles are published in reliance

                Gladstone Regional............................... page 24
                                                                                           upon the representations and warranties of the authors of the articles and without knowledge of
                                                                                           any infringement of any third party’s copyright. Copyright: This publication is protected under the

                Rockhampton Regional......................... page 25
                                                                                           Commonwealth Copyrights Act 1968 and may not, in whole or part, be lent, copied, photocopied,
                                                                                           reproduced, translated or reduced to any electronic medium or machine-readable format without

                Mackay Regional.................................... page 27
                                                                                           the express permission of the publisher. For permissions or reprints, contact the Market Place
                                                                                           Strategy Division on phone 07 3249 7347.

                Townsville City........................................ page 29
                Cairns Regional...................................... page 31
                Other Regional Areas............................ page 33                   The Real Estate Institute of Queensland Ltd.
                                                                                                       Copyright © 2009
        Gross Rental Yields...................................... page 36                    21 Turbo Drive, Coorparoo, PO Box 1555,
                                                                                                      Coorparoo DC Q 4151
        Explanatory Notes....................................... page 36                    Ph: (07) 3249 7347 fax: (07) 3249 6211
                                                                                                    Email: research@reiq.com.au
        Research Methodology............................. page 37
        Contact Details.............................................. page 37


        DECEMBER QUARTER 2009 STATE-WIDE SUMMARY
        Median house and unit prices                                                       SnAPSHOT Of lGA DATA
        Falling numbers of first home buyers over the December                             DECEMBER QUARTER 2009                                                                 HOUSES
        quarter ensured median property prices headed north across
                                                                                           LOCAL GOVERNMENT AREA                                        Median                     Change
        most areas of the State.
                                                                                                                                                      Dec Qtr 09                   over qtr
        This can be partly attributed to the decrease of buyers in                         SOUTHEAST QUEENSLAND
        the more affordable end of the market which has resulted in                        BRISBANE (SD)                                               $451,000                      4.9%
        median prices being skewed upward over the period.                                 BRISBANE CITY ~                                             $535,000                      8.1%
        The dramatic reduction in first home buyers across the State                       IPSWICH CITY                                                $324,000                      1.3%
        – down from their peak of 30 per cent of the market in May                         LOGAN CITY                                                  $362,000                      3.4%
        last year to just 17 per cent in December – meant that sales of                    MORETON BAY REGIONAL                                        $400,000                      3.4%
        affordable properties also plummeted.                                              REDLAND CITY                                                $460,900                      0.2%

        The number of preliminary house sales under $500,000                               GOLD COAST CITY                                             $510,000                      5.2%
        dropped 22 per cent in the period, while the drop in the                           SUNSHINE COAST REGIONAL                                     $475,000                      3.3%
        number of units and townhouses was even more marked –                              MAJOR REGIONAL CENTRES
        down 28 per cent over the quarter.                                                 TOOWOOMBA REGIONAL                                          $295,000                      5.7%
                                                                                           FRASER COAST REGIONAL ~                                     $314,500                      4.8%
        The market as a whole also slowed over the period with
                                                                                           BUNDABERG REGIONAL ~                                        $295,000                      9.7%
        total preliminary house sales down 16 per cent, and total
                                                                                           GLADSTONE REGIONAL ~                                        $355,000                     -1.7%
        preliminary unit and townhouse sales down 24 per cent
        compared to the September quarter.                                                 ROCKHAMPTON REGIONAL                                        $330,000                      7.8%
                                                                                           MACKAY REGIONAL                                             $404,500                      4.8%
        Brisbane’s median house price increased 8.1 per cent to                            TOWNSVILLE CITY                                             $385,000                      5.5%
        $535,000 over the December quarter however its median –
                                                                                           CAIRNS REGIONAL                                             $372,500                      4.9%
        along with many other areas – was impacted by the marked
        change in buyer demographic.



Issue 5 - March 2010                                                              page 2                                                                           www.reiq.com.au
QUEENSLAND
                     MAR K E T
                     MONITOR
                BRISBAnE CITY
                DECEMBER QUARTER 2009 STATE-WIDE SUMMARY
 PRICE Brisbane had the second highest median house price increase
          POINTS
 PRICE overPOINTS                                                                                                       QLD - House Sales
 MBER OF SALES the quarter.            % OF TOTAL SALES
                                                                                                          <$350k         $350k+    $500k+                 $1m+
   SEP 09
 PRICE POINTS    JUN 09       DEC 09        SEP 09
          The Bundaberg residential propertyTOTAL SALES  JUN 09                                                         QLD - House Sales
 MBER OF SALES
    4475          4908         29%     % OF market regained lost
                                             34%          36%                      -1204
                                                                                                               4908
   SEP 09 ground JUN 09the December quarter SEPpost a 9.7 per cent
    5529             over
                     5753             DEC 09
                                       40%             to 09
                                                        42%          JUN 09
                                                                      42%          -1027                  <$350k         $350k+    $500k+
                                                                                                                        QLD - House Sales            $1m+
UMBER OF SALES
    2997 median house price increase to% OF TOTAL SALES the20% major
    4475             4908
                     2797              29%
                                       28%        $295,000 to be 36%
                                                        34%
                                                        23%            top         -1204
                                                                                     136     JUN 09                               5753                   2797                234
                                                                                                               4908
                                                                                                          <$350k            $350k+        $500k+     $1m+
   SEP 09
     290 regionalJUN 09
    5529
    4475
    2997
                      performer. The3%09 follows34% of 4.9 per cent in the -1027
                     5753
                      234
                      4908
                     2797
                                      DEC
                                       40%
                                          result
                                        29%
                                       28%
                                                       SEP 09
                                                        42%
                                                         2% fall
                                                          a
                                                        23%
                                                                     JUN 09
                                                                      42%
                                                                       2%
                                                                      36%
                                                                      20%
                                                                                       9
                                                                                   -1204
                                                                                     136     JUN 09           4475                        5753           2797              234
   13291            13692                                                          -2086                       4908
     290   previous5753
    5529 -3%            quarter.
                       234              40%
                                        3%              42%
                                                         2%           42%
                                                                       2%          -1027
                                                                                       9     SEP 09
                                                                                                              4475
                                                                                                                                        5529           2997              290
    2997
   13291              2797
                    13692               28%             23%           20%            136
                                                                                   -2086     JUN 09                                       5753           2797              234
 MBER OF SALES                                   % OF TOTAL SALES
     290 Bundaberg’s spike in median house SEP 09 partially2%
   SEP 09 -3%          234
                    JUN 09               3%
                                      DEC 09
                                                       can be
                                                         2%             attributed
                                                                    JUN 09             9     SEP 09           3271
                                                                                                                4475
                                                                                                                                        5529           2997              290
 MBER OF SALES reduction of affordable housing stock in the17%
   13291 to the 13692
    1052             1044              14%       % OF TOTAL SALES
                                                        17%            final       -2086     DEC 09                            4502             3133     299
                                                                                              SEP 09          3271                      5529           2997              290
    2070 -3%
   SEP 09 monthsJUN 2009 which31%
                     of 09
                     2252             DEC 09           SEP 09
                                                        33%          JUN 09
                                        resulted in healthy competition
                                                                      37%
UMBER OF SALES
    1052             1044              14%       % OF TOTAL SALES
                                                        17%           17%
                                                                                             DEC 09                            4502             3133     299
    2069             1851              33%              33%           30%
   SEP 09 amongst87409  buyers, especially first-timers. 09                                                   3271
    2070
     992            JUN
                     2252             DEC 09
                                       31%
                                       18%             SEP
                                                        33%
                                                        16%          JUN 09
                                                                      37%
                                                                      14%
    1052
    2069              1044
                     1851               14%
                                       33%              17%
                                                        33%           17%
                                                                      30%
                                                                                             DEC 09                            4502                3133         299
     183 Similar to other areas of the State, the number of first home
                      136               4%               3%            2%
    2070
     992
    6366              2252
                       874
                     6157               31%
                                       18%              33%
                                                        16%           37%
                                                                      14%                                                QLD - Unit Sales
    2069 buyers in136
     183                Bundaberg has reduced dramatically over2%
                      1851              33%
                                        4%              33%
                                                         3%           30%recent
    6366 months as financial incentives toOF TOTAL SALES
     992
 MBER OF SALES         874
                     6157               18%      % buy16% wound back and
                                                          are         14%                              <$250k             QLD
                                                                                                                       $250k+    - Unit Sales
                                                                                                                                    $350k+          $500k+            $1m+
     183               136
   SEP 09 interest JUN 09 begin toDEC 09 4%              3%            2%
                     rates             rise again. SEP 09           JUN 09
    6366
 MBER OF SALES
    2938              6157
                     2829              73%       % OF TOTAL SALES
                                                        73%           75%                    JUN 09
                                                                                                       <$250k
                                                                                                         1044             QLD
                                                                                                                       $250k+
                                                                                                                          2252   - Unit Sales $500k+
                                                                                                                                    $350k+
                                                                                                                                            1851                874
                                                                                                                                                                      $1m+
                                                                                                                                                                         136
   SEP 09 There has been a marked09
     728            JUN 09
                      652             DEC increase in18% number of second
                                       16%             SEP 09
                                                         the         JUN 09
                                                                      17%
UMBER OF SALES
    2938
     233             2829
                      174              73%       % OF TOTAL SALES
                                                        73%           75%                              <$250k       $250k+     $350k+      $500k+                   $1m+
   SEP 09 and third65209
     728
      90            JUN generation buyers since the beginning of5%09 year.
                        88
                                        7%
                                      DEC 09
                                       16%
                                        3%
                                                         6%
                                                       SEP 09
                                                        18%
                                                         2%          JUNthe
                                                                      17%
                                                                       2%
                                                                                             JUN 09      1044           2252           1851                     874    136
                                                                                             SEP 09      1052         2070            2069                       992    183
    2938 Investors,29
     233
     50                  especially, are7%
                      2829
                       174              1%showing a lot of interest given the
                                        73%             73%
                                                         6%
                                                         1%           75%
                                                                       5%
                                                                       1%                    JUN 09      1044           2252           1851                     874    136
     728               652
                     3772               16%
    4039 affordability of property in the region.
      90                88              3%              18%
                                                         2%           17%
                                                                       2%                    SEP 09      1052          2070           2069                       992    183
     233
      50               174
                        29               7%
                                        1%               6%
                                                         1%            5%
                                                                       1%                    DEC 09    651       1498        1603      887     181
    4039 Queensland’s unit and townhouse market also keenly felt the
      90                88
                     3772                3%              2%            2%                     SEP 09     1052          2070           2069                       992         183
      50
    4039
           retreat of 29 home buyers with higher median prices but
                        first
                      3772
                                         1%              1%            1%                    DEC 09     651      1498        1603      887     181
   SEP 09
   SEP         change over qtr
           much lower preliminary sales numbers.
         10004              -22%                                                             DEC 09     651      1498                1603      887        181
   SEP 093287 change over qtr
   SEP                         4%                                                                                       QLD - Land Sales
   13291 10004 recent batch of interest rate rises, even though inflation
           The               -22%
                            -16%
           appears to presently be under control, has obviously had an
   SEP 093287 change over qtr
   SEP                         4%
                                                                                                       <$250k            QLD
                                                                                                                      $250k+     - Land Sales
                                                                                                                                     $350k+         $500k+            $1m+
   13291 10004 change the Queensland market with sales numbers well
   SEP 09 impact onover qtr  -22%
                             -16%                                                                                                                       88
    5191 3287        -28% 4%
                                                                                                       <$250k            QLD
                                                                                                                      $250k+     - Land Sales
                                                                                                                                     $350k+        $500k+     $1m+
   13291
           below what they were during the global financial crisis last                     JUN 09                      2829                     652 174 29
   SEP 09
    1175              -9% -16%
                change over qtr                                                                        <$250k         $250k+          $350k+            88
                                                                                                                                                   $500k+      $1m+
    6366 year.
    5191             -28%
                     -24%                                                                    JUN 09                     2829                     652 174 9029
   SEP 09
    1175        change over qtr
                       -9%                                                                   SEP 09                      2938                       728 88
                                                                                                                                                         233 50
    6366 Cairns’ was the top performer of Queensland’s major regions
    5191              -28%
                     -24%                                                                    JUN 09                      2829                    652 174 9029
    1175 with a median unit and townhouse price increase of 9.1 per
                       -9%                                                                   SEP 09                       2938                 89 728 233 50
    6366 cent to $265,000 over the December quarter.
                      -24%                                                                  DEC 09                   2227                504        42     90
                                                                                             SEP 09                       2938                 89 728 233
                                                                                                                                             200              50
                As with house sales, preliminary unit and townhouse sales                    DEC 09                  2227                504
                                                                                                                                                89
                                                                                                                                                    42
                numbers were also down for the quarter, recording 300 sales.                                                                 200
                                                                                             DEC 09                  2227                504        42
                Demand in the Cairns unit and townhouse market has been                                                                      200
                driven heavily by investors over the quarter, while first home
                buyers looked towards this segment as the more affordable
                option in their ongoing quest to own their first piece of real
                estate.

                Median land prices                                                         Median rents
                About 8,000 First Home Owner Boosts (FHOB) were paid to                    The Queensland rental market has adapted to its new level of
                Queenslanders to build their first home while the government               demand following the large number of renters who exited the
                initiative was available in late 2008 and 2009. By comparison,             market during 2009 to buy a home.
                about 35,000 FHOB’s were paid to first-time buyers of existing
                property over the same period.                                             The State’s continued population growth shows no signs of
                                                                                           abating, however which ensures that vacancy rates will likely
                While this initiative certainly helped underpin the new                    improve over the short to medium term given this sustained
                home market – and safeguard jobs - during the economic                     level of demand.
                uncertainties of the past 18 months, rising interest rates and
                continued supply constraints have resulted in the preliminary              Across the State, most major regions posted small median rent
                number of sales of vacant urban land across Queensland                     increases over the 2009 calendar year.
                decreasing 24 per cent over the period.



       Issue 5 - March 2010                                                       page 3                                                                  www.reiq.com.au
QUEENSLAND
             MAR K E T
             MONITOR
        BRISBAnE CITY
        Median house and unit prices
        Brisbane’s median house price soared 8.1 per cent to $535,000                                     Brisbane City - House Sales
        over the December quarter on the back on of a dramatic
        decrease in preliminary sales under $500,000.                                                 <$350k             $350k+           $500k+            $1m+
                                                                                                265                                                                      127
        Over the year, Brisbane’s median house price was steady
                                                                                      JUN 09                        1709                              1468
        recording a 0.3 per cent increase.
                                                                                                254                                                            136
        Compared to the September quarter, the number of house
        sales under $500,000 dropped 27 per cent. The total number of                 SEP 09                      1358                       1409
        preliminary sales was also down by 11 per cent over the period.                         135                                                   174
        There was a slight increase in sales to up-graders over the                   DEC 09               1036                     1444
        period, with many having sold to first-home buyers, now
        seeking to buy in the $500,000 to $1 million price bracket.
        This trend is reflected in the results with some of the strongest
                                                                                                 Brisbane Surrounds--Unit Sales
                                                                                                      Brisbane City House Sales
        performers being suburbs usually preferred by second and
        third home buyers.                                                                        <$350k
                                                                                                <$250k                $350k+
                                                                                                                   $250k+              $500k+
                                                                                                                                    $350k+               $1m+
                                                                                                                                                      $500k+             $1m+
                                                                                                89          1600                                                   21 39
        Bridgeman Downs recorded a 12.9 per cent median house
        price increase to $755,000 and was also up 9.1 per cent over                  JUN 09
                                                                                       JUN 09               698                          1004
                                                                                                                                         1831                  334
                                                                                                                                                             506
        the year.                                                                               76         1308                                        12     51

        Bridgeman Downs is a relatively new outer northern suburb                     SEP 09
                                                                                      SEP 09              521                      944
                                                                                                                                  1586           467336
        of Brisbane, about 14.5km from the CBD. In recent years it has                          41     935                                   2052
        raised its profile by transforming areas of open forest into up-              DEC 09
                                                                                      DEC 09         341                 742
                                                                                                                          1278            312
                                                                                                                                         490
        market contemporary housing, especially on large estates.
        The south-eastern pocket of suburbs of Bulimba, Cannon Hill
        and Carina also performed well over the period up 13.8 per
        cent, 13.6 per cent and 10.4 per cent respectively.                                               Gold Coast City Land Sales
                                                                                                           Brisbane City - - House Sales
                                                                                                          Brisbane Surrounds- Unit Sales
        The Brisbane median unit and townhouse increased 2.7 per                                    <$250k
                                                                                                   <$350k      $250k+
                                                                                                              $350k+       $350k+
                                                                                                                         $500k+         $500k+
                                                                                                                                     $1m+
                                                                                                <$250k     $250k+     $350k+      $500k+       $1m+
        cent to $400,000 over the period. Yet again sales numbers were                          46                                   79
        down markedly with the total number of preliminary sales                      JUN 09
                                                                                       JUN 09
                                                                                      JUN 09
                                                                                                     54
                                                                                                          243     810      173
                                                                                                                                   381      520 48 164
                                                                                                                                                   15
                                                                                                                                                                    5110
        down 22 per cent over the December quarter. Preliminary sales
                                                                                                35                                                    77
        under $500,000 also decreased by some 25 per cent over the
                                                                                      SEP 09
                                                                                      SEP 09            98
                                                                                                      188 678                       172
                                                                                                                                      522                  67 55     19
        period.                                                                       SEP 09                                335                 141           7

        Solid performers included the inner-city suburb of Fortitude                            33                                         52
        Valley, up 8.8 per cent over the quarter to $421,000, and up 7.9              DEC 09
                                                                                      DEC 09
                                                                                      DEC 09    29
                                                                                                 119 483 103
                                                                                                           242                    51
                                                                                                                                 511 13 56 4
                                                                                                                                    140
        per cent over the year.
        Indooroopilly also recorded healthy growth with an 8.6 per
        cent increase to $472,500 over the quarter, and up 12.4 per                         rents Coast--House Sales
                                                                                              Toowoomba Unit Sales
                                                                                     Median Brisbane Surrounds - Land Sales
                                                                                                Gold
        cent over the year.                                                                                <$350k           $350k+           $500k+
                                                                                     The Brisbane rental market has $350k+ to$500k+ balanced
                                                                                               <$250k
                                                                                                  <$250k $250k+
                                                                                                              $250k+ returned          $500k+ $1m+
                                                                                                                           $350k+ a more
                                                                                                                500
                                                                                     state over the past year with its vacancy rate now sitting at 3.8
        Median land prices                                                                                                                  28
                                                                                     per cent, 236
                                                                                       JUN 09
                                                                                       JUN 09   according 771figures from the Office of Economic and
                                                                                                           to 795         541        117 31
                                                                                                                                     385 68
                                                                                                                                       174     21
        The paucity of affordable vacant urban land in the Brisbane                  Statistical Research. Inner Brisbane has felt the reduction of
                                                                                                             439
        local government area and the reduction of the FHOB saw the                                                                   35
                                                                                     renters more keenly than other parts of Brisbane, recording a
                                                                                        SEP 09
                                                                                       SEP 09 190       641 640        646       130 28
                                                                                                                                   361 83
        preliminary number of sales plummet by a staggering 40 per                      SEP 09                                  184      12
                                                                                     vacancy rate of 4.4 per cent for the December quarter.
        cent over the December quarter.                                                                            352       30
                                                                                     The number of bonds lodged reflects this lower demand
        While middle-ring suburbs such as Calamvale and Moggill                        DEC 09 112
                                                                                       DEC 09
                                                                                     overall,      476 578 427         116
                                                                                       DEC 09 down about 15 per cent313 135 47December 2009
                                                                                                                         89
                                                                                                                     between 8
        performed well over the period – up 7.7 per cent and 5.1 per                 and December 2007. While there has been a reduction in
        cent respectively – the fact that the median price for vacant                the number of renters in the market, median rents fared well
        urban land in Brisbane now sits at $311,500 means that this                  with an increase of $10 per week to $370 for a three-bedroom
        segment of the market is only really attainable for people                   house in Brisbane andCoast --Land $5 per week to $355 for a
                                                                                                     Gold an increase of Sales
                                                                                                    Toowoomba Unit Sales
        upgrading to a new home with all the mod cons after selling                  two-bedroom unit<$250kthe $250k+ period.
                                                                                                  <$250k over $250k+
                                                                                                                  same $350k+        $500k+
                                                                                                                           $500k+
        an established property.
                                                                                      JUN 09                         273                             96       9     16
                                                                                      JUN 09                        103                             45        2

Issue 5 - March 2010                                                        page 4                                                                         www.reiq.com.au
QUEENSLAND
             MAR K E T
             MONITOR
        BRISBAnE CITY
        MEDIAN SALES DATA                                                                                        MEDIAN SALES DATA
             Suburb/	             Number	of	      Dec	     change	   12	mths	to		    change	   change             Suburb/	                 Number	of	     Dec	      change	     12	mths	to		    change	   change
             Locality	            Sales	Dec	      Qtr	      over	    the	end	of	      over	     over	             Locality	                Sales	Dec	     Qtr	       over	      the	end	of	      over	     over	
             	                     Qtr	2009	     2009	      qtr”	    Dec	2009	        1yr”	     5yrs              	                         Qtr	2009	    2009	       qtr”	      Dec	2009	        1yr”	     5yrs

        HOUSES                                                                                                   HOUSES continued
        BRISBANE (SD)              5,512       $451,000     4.9%     $425,000        1.2%      38.2%             GREENSLOPES	~	               	18		     $690,000	   32.7%	       $550,000	      0.1%	      48.1%
        BRISBANE (SD) ^              360       $567,250     4.8%     $550,000        -3.5%     29.4%             HAMILTON	~	                  	11		     $850,000	      N/A	    $1,025,000	     -19.1%	     28.1%
        BRISBANE CITY (LGA) ~      2,789       $535,000     8.1%     $491,500        0.3%      36.5%             HAWTHORNE		                  	19		     $899,888	     4.6%	      $732,500	      -5.5%	     16.7%
        BRISBANE CITY (LGA) ^ ~       49       $915,000    10.9%     $876,000       -14.7%     16.8%             HEATHWOOD		                    	4		         N/A	      N/A	      $500,000	      -8.3%	       N/A
        ACACIA	RIDGE		               	17		     $345,000	    0.7%	    $331,000	        0.9%	    49.1%             HEMMANT		                      	6		         N/A	      N/A	      $416,440	      2.8%	      48.2%
        ALDERLEY		                   	16		     $610,625	    0.4%	    $600,000	        4.8%	    50.0%             HENDRA	~	*	                  	20		     $975,000	   33.6%	       $731,000	      6.7%	      48.4%
        ALGESTER		                   	24		     $415,500	    3.9%	    $395,550	        2.6%	    41.4%             HIGHGATE	HILL	~	               	6		         N/A	      N/A	      $718,500	     -14.5%	     40.5%
        ANNERLEY	~	                  	19		     $645,000	   24.0%	    $529,500	       -1.9%	    42.3%             HOLLAND	PARK		               	29		     $530,000	     5.5%	      $495,000	      -3.9%	     47.7%
        ASCOT	~	                     	14		     $897,500	   -17.8%	   $980,000	      -24.6%	    25.6%             HOLLAND	PARK	WEST		          	23		     $537,000	     3.9%	      $518,500	      1.2%	      42.8%
        ASHGROVE		                   	40		     $638,000	    -1.1%	   $626,750	       -3.4%	    37.7%             INALA		                      	29		     $307,000	     5.9%	      $291,000	      -1.5%	     59.9%
        ASPLEY		                     	32		     $464,000	    0.4%	    $463,000	        3.1%	    40.3%             INDOOROOPILLY	~	             	27		     $681,000	   18.1%	       $637,500	      -6.3%	     23.8%
        AUCHENFLOWER	~	              	13		     $810,000	   18.2%	    $766,500	        6.5%	    44.6%             JAMBOREE	HEIGHTS		           	23		     $429,000	     3.4%	      $424,000	      1.0%	      46.2%
        BALD	HILLS		                 	35		     $409,000	    3.5%	    $401,000	        6.6%	    54.2%             JINDALEE		                   	21		     $460,000	     2.2%	      $454,500	      3.0%	      35.7%
        BALMORAL	~	                  	15		     $752,000	   13.5%	    $702,500	      -16.4%	    27.7%             KANGAROO	POINT		               	8		         N/A	      N/A	      $650,000	        N/A	     39.8%
        BANYO		                      	22		     $442,500	    7.9%	    $400,000	        1.9%	    37.9%             KARANA	DOWNS		                 	9		         N/A	      N/A	      $424,750	     11.9%	      40.1%
        BARDON	~	                    	37		     $800,000	   19.8%	    $696,000	       -5.9%	    47.0%             KARANA	DOWNS	^	                	6		    $494,500	      N/A	      $489,000	        N/A	     35.7%
        BELLBOWRIE		                 	19		     $492,000	    5.8%	    $455,000	        1.1%	    31.9%             KEDRON		                     	24		     $511,300	     3.9%	      $480,000	     -10.3%	     36.2%
        BELMONT		                    	15		     $589,000	    3.3%	    $565,000	        4.6%	    61.0%             KELVIN	GROVE		                 	9		         N/A	      N/A	      $610,000	      -2.4%	     46.3%
        BOONDALL		                   	24		     $425,000	    5.6%	    $415,000	        1.2%	    37.9%             KENMORE		                    	38		     $560,000	     5.7%	      $502,500	      0.5%	      30.6%
        BRACKEN	RIDGE		              	44		     $408,000	    1.5%	    $410,000	        3.8%	    34.9%             KENMORE	HILLS		                	7		         N/A	      N/A	      $710,000	        N/A	     43.8%
        BRIDGEMAN	DOWNS		            	23		     $755,000	   12.9%	    $675,000	        9.1%	    29.8%             KEPERRA		                    	18		     $436,000	    -2.0%	      $425,000	      2.4%	      49.4%
        BRIGHTON		                   	42		     $404,250	    2.3%	    $390,000	       -2.3%	    41.8%             KURABY		                     	16		     $547,500	   14.1%	       $494,750	      -9.2%	     33.7%
        BRISBANE	CITY		                	4		         N/A	      N/A	   $700,000	         N/A	    65.7%             LOTA		                       	13		     $480,000	     0.5%	      $463,000	      -6.9%	     18.7%
        BROOKFIELD		                   	5		         N/A	      N/A	   $795,000	         N/A	    27.5%             LUTWYCHE		                     	7		         N/A	      N/A	      $587,500	      6.3%	      49.5%
        BULIMBA		                    	21		     $922,500	   13.8%	    $822,500	       -7.7%	    24.6%             MACGREGOR		                  	18		     $506,000	    -4.8%	      $493,000	      -0.4%	     29.7%
        CALAMVALE		                  	35		     $499,000	    2.0%	    $485,000	        0.0%	    41.6%             MANLY		                      	10		     $627,500	    -3.5%	      $585,000	     -10.6%	     14.7%
        CAMP	HILL		                  	38		     $621,024	    9.2%	    $575,000	       -1.5%	    38.9%             MANLY	WEST		                 	29		     $510,000	    -3.8%	      $475,000	      -2.5%	     32.7%
        CANNON	HILL		                	14		     $551,000	   13.6%	    $500,000	       -1.5%	    28.2%             MANSFIELD		                  	15		     $520,000	   13.4%	       $467,500	      2.7%	      39.6%
        CARINA		                     	18		     $536,500	   10.4%	    $475,000	        0.0%	    39.7%             MCDOWALL		                   	15		     $528,000	    -2.2%	      $521,250	      6.6%	      39.9%
        CARINA	HEIGHTS		             	12		     $529,750	    4.9%	    $499,500	        5.2%	    32.3%             MIDDLE	PARK		                	14		     $535,000	     4.7%	      $492,000	      -0.1%	     39.6%
        CARINDALE		                  	39		     $675,000	    0.4%	    $650,000	        4.3%	    41.8%             MITCHELTON		                 	21		     $505,000	   14.8%	       $493,500	      6.1%	      49.5%
        CARSELDINE		                 	11		     $509,000	    7.2%	    $481,250	       -3.2%	    23.4%             MOGGILL		                    	14		     $474,500	     3.2%	      $468,500	      2.8%	      31.0%
        CHAPEL	HILL		                	32		     $650,000	    2.0%	    $620,000	        3.1%	    40.9%             MOOROOKA		                   	35		     $487,500	     8.3%	      $464,375	      -2.2%	     40.4%
        CHELMER		                    	15		     $890,000	    5.3%	    $860,000	        3.6%	    25.2%             MORNINGSIDE	~	               	28		     $531,750	    -8.3%	      $543,500	      0.8%	      33.8%
        CHERMSIDE		                  	15		     $450,000	    0.2%	    $448,500	       -1.9%	    40.4%             MOUNT	CROSBY	^	                	2		         N/A	      N/A	      $535,000	      2.9%	      48.6%
        CHERMSIDE	WEST	~	            	15		     $485,000	   19.0%	    $437,000	        1.9%	    41.0%             MOUNT	GRAVATT		              	13		     $492,000	      N/A	      $480,000	      0.4%	      47.5%
        CLAYFIELD		                  	21		 $1,020,000	      9.3%	    $830,000	       -5.9%	    29.2%             MOUNT	GRAVATT	EAST		         	34		     $450,000	    -3.2%	      $447,000	      -1.8%	     38.8%
        COOPERS	PLAINS		             	12		     $431,000	    9.8%	    $410,000	       -1.8%	    44.4%             MURARRIE	~	                  	12		     $557,000	   19.1%	       $457,000	      -4.8%	     25.2%
        COORPAROO		                  	30		     $669,000	    4.9%	    $612,500	        2.1%	    47.1%             NEW	FARM	~	                  	13		 $1,010,000	     16.1%	       $900,000	     -18.2%	      6.2%
        CORINDA	~	                   	13		     $765,000	   54.7%	    $590,000	        3.5%	    43.9%             NEWMARKET		                  	11		     $665,000	     8.1%	      $632,500	      1.2%	      48.8%
        DARRA		                        	7		         N/A	      N/A	   $347,500	        5.3%	    54.8%             NORMAN	PARK	~	               	25		     $640,000	    -6.9%	      $642,500	      -6.5%	     52.1%
        DEAGON		                     	21		     $405,000	   12.5%	    $380,000	        4.1%	    40.7%             NORTHGATE	~	                 	13		     $620,000	   18.0%	       $520,000	      5.2%	      60.0%
        DOOLANDELLA		                  	5		         N/A	      N/A	   $357,500	        1.3%	    45.9%             NUDGEE		                       	5		         N/A	      N/A	      $469,927	      4.4%	      67.8%
        DREWVALE		                   	10		     $474,000	    0.2%	    $456,500	        6.2%	    34.3%             NUNDAH		                     	20		     $585,000	     2.8%	      $540,000	      -1.8%	     53.2%
        DURACK		                     	11		     $373,000	   12.3%	    $341,000	       -0.4%	    37.4%             OXLEY		                      	18		     $460,000	     2.1%	      $425,000	      -2.3%	     44.1%
        EAST	BRISBANE		              	12		     $650,000	    0.5%	    $627,500	       -2.7%	    21.7%             PADDINGTON		                 	19		     $753,000	     6.5%	      $695,000	      -7.9%	     41.8%
        EIGHT	MILE	PLAINS		          	27		     $599,000	    6.8%	    $573,000	        8.9%	    40.2%             PARKINSON		                  	38		     $517,500	     5.2%	      $487,000	      3.6%	      29.9%
        ENOGGERA		                   	15		     $535,000	      N/A	   $512,500	       -6.1%	    48.6%             PULLENVALE	^	~	                	9		    $925,000	     5.1%	      $918,750	     -19.2%	     30.3%
        EVERTON	PARK		               	33		     $485,029	    8.5%	    $450,000	       -0.7%	    34.3%             RED	HILL		                   	16		     $706,250	    -5.8%	      $680,000	      5.8%	      48.8%
        FAIRFIELD		                    	7		         N/A	      N/A	   $585,000	       -5.6%	    51.9%             RICHLANDS		                    	2		         N/A	      N/A	      $423,500	      -0.4%	       N/A
        FERNY	GROVE		                	18		     $477,650	    -3.5%	   $480,000	        3.2%	    31.1%             RIVERHILLS		                   	5		         N/A	      N/A	      $415,000	      5.1%	      40.7%
        FIG	TREE	POCKET	~	           	12		     $702,500	   -21.1%	   $760,000	        5.2%	    50.5%             ROBERTSON		                  	11		     $714,700	      N/A	      $625,000	      -0.8%	     22.3%
        FITZGIBBON		                   	9		         N/A	      N/A	   $415,000	       -0.4%	    49.1%             ROCKLEA		                      	8		         N/A	      N/A	      $368,000	      1.5%	      68.4%
        FOREST	LAKE		                	97		     $417,000	   11.2%	    $379,750	       -1.2%	    35.6%             RUNCORN		                    	34		     $420,000	    -3.4%	      $420,000	      2.4%	      45.8%
        GAYTHORNE		                  	10		     $587,500	      N/A	   $538,000	         N/A	    45.4%             SALISBURY		                  	19		     $449,000	     2.9%	      $430,000	      4.9%	      43.3%
        GEEBUNG		                    	12		     $442,500	    5.4%	    $425,000	        3.0%	    49.4%             SANDGATE		                   	10		     $558,750	     3.5%	      $500,000	      5.8%	      31.6%
        GORDON	PARK		                	12		     $597,500	      N/A	   $570,000	       -9.5%	    47.5%             SEVEN	HILLS		                  	9		         N/A	      N/A	      $580,000	      1.8%	      29.6%
        GRACEVILLE	~	                	17		     $600,000	    -4.8%	   $625,250	      -11.9%	    29.9%             SEVENTEEN	MILE	ROCKS	~	      	11		     $477,000	    -7.9%	      $472,000	      -9.7%	     43.2%
        GRANGE	~	                      	9		         N/A	      N/A	   $690,000	       17.9%	    57.7%             SHERWOOD		                   	13		     $660,000	    -2.9%	      $650,000	      -4.4%	     40.8%
                                                                                                                                                                    Please see page 36 for legend and further notes

Issue 5 - March 2010                                                                                    page 5                                                                      www.reiq.com.au
QUEENSLAND
             MAR K E T
             MONITOR
        BRISBAnE CITY
        MEDIAN SALES DATA                                                                                                      MEDIAN SALES DATA
             Suburb/	                    Number	of	        Dec	       change	     12	mths	to		    change	    change             Suburb/	               Number	of	      Dec	     change	   12	mths	to		    change	   change
             Locality	                   Sales	Dec	        Qtr	        over	      the	end	of	      over	      over	             Locality	              Sales	Dec	      Qtr	      over	    the	end	of	      over	     over	
             	                            Qtr	2009	       2009	        qtr”	      Dec	2009	        1yr”	      5yrs              	                       Qtr	2009	     2009	      qtr”	    Dec	2009	        1yr”	     5yrs

        HOUSES continued                                                                                                       UNITS & TOWNHOUSES continued
        SHORNCLIFFE		                          	5		          N/A	        N/A	     $650,000	       8.3%	        N/A             ELLEN	GROVE		                	1		         N/A	      N/A	   $334,000	         N/A	      N/A
        SINNAMON	PARK		                      	19		    $630,000	        0.8%	      $575,000	       3.1%	      28.3%             ENOGGERA		                   	5		         N/A	      N/A	   $391,000	       -2.1%	      N/A
        ST	LUCIA		                           	13		 $1,085,000	           N/A	     $875,000	       -2.8%	     25.0%             EVERTON	PARK		             	13		     $367,000	    4.9%	    $352,250	       0.9%	     56.9%
        STAFFORD		                           	23		    $462,500	        1.6%	      $452,000	       -1.6%	     43.5%             FAIRFIELD		                  	3		         N/A	      N/A	   $432,500	         N/A	    19.5%
        STAFFORD	HEIGHTS		                   	25		    $470,000	        8.0%	      $448,900	       3.2%	      42.7%             FOREST	LAKE		                	2		         N/A	      N/A	   $317,500	         N/A	      N/A
        STRETTON		                             	7		          N/A	        N/A	     $655,000	       7.2%	      36.5%             FORTITUDE	VALLEY		         	49		     $421,000	    8.8%	    $402,500	       7.9%	     33.6%
        SUNNYBANK		                          	31		    $550,000	       10.1%	      $506,000	       0.4%	      44.6%             GAYTHORNE		                	12		     $336,250	    -3.7%	   $342,000	       0.0%	     57.2%
        SUNNYBANK	HILLS		                    	46		    $482,500	        -5.8%	     $450,000	       4.7%	      32.4%             GORDON	PARK		                	8		         N/A	      N/A	   $343,750	       -0.4%	    38.9%
        TAIGUM	~	                            	13		    $441,000	        -8.7%	     $430,000	       2.5%	      28.7%             GREENSLOPES		              	24		     $379,250	    4.8%	    $365,000	       -0.1%	    55.5%
        TARINGA		                            	13		    $800,000	        -3.0%	     $701,000	       -3.3%	     41.6%             HAMILTON	~	                  	8		         N/A	      N/A	   $419,500	       -9.6%	     4.9%
        TARRAGINDI		                         	40		    $588,500	       12.0%	      $535,000	       3.9%	      46.6%             HAWTHORNE		                  	7		         N/A	      N/A	   $424,500	       0.1%	     47.9%
        THE	GAP		                            	53		    $552,000	       11.9%	      $518,500	       -0.7%	     38.3%             HIGHGATE	HILL		            	12		     $407,500	    -5.2%	   $411,250	       -4.6%	    46.9%
        TINGALPA		                           	24		    $453,000	        6.6%	      $428,000	       0.7%	      41.7%             INDOOROOPILLY		            	30		     $472,500	    8.6%	    $435,000	      12.4%	     40.3%
        TOOWONG	~	                           	13		    $700,000	       18.1%	      $630,000	      -11.9%	     34.0%             KANGAROO	POINT		           	46		     $497,500	    5.2%	    $450,000	       -2.6%	    23.3%
        UPPER	KEDRON		                       	13		    $535,000	          N/A	     $535,000	       5.9%	      34.3%             KEDRON		                   	10		     $332,500	    3.2%	    $322,250	       -3.1%	    47.1%
        UPPER	MOUNT	GRAVATT		                	21		    $493,100	       12.1%	      $450,000	       5.4%	      45.4%             KELVIN	GROVE		             	26		     $413,500	    1.2%	    $425,000	       6.5%	     28.8%
        VIRGINIA		                             	9		          N/A	        N/A	     $425,000	       2.3%	      32.1%             KURABY		                     	6		         N/A	      N/A	   $317,000	       3.9%	     63.4%
        WAKERLEY		                           	23		    $615,000	       15.3%	      $580,000	       -3.3%	     31.8%             LUTWYCHE		                 	11		     $361,100	      N/A	   $352,500	       4.4%	     41.0%
        WAVELL	HEIGHTS		                     	28		    $530,250	        5.0%	      $490,000	       4.3%	      42.0%             MACGREGOR		                  	5		         N/A	      N/A	   $397,000	         N/A	      N/A
        WEST	END	~	                            	9		          N/A	        N/A	     $725,000	      -13.7%	     42.2%             MANLY	WEST		                 	3		         N/A	      N/A	   $389,900	       -2.4%	    64.5%
        WESTLAKE	~	                          	20		    $571,000	        -6.4%	     $575,000	       -3.0%	     29.2%             MCDOWALL		                   	1		         N/A	      N/A	   $417,325	         N/A	      N/A
        WILSTON		                              	8		          N/A	        N/A	     $770,000	       2.7%	      33.9%             MILTON	~	*	                  	6		         N/A	      N/A	   $400,000	      -36.5%	    29.0%
        WINDSOR		                            	15		    $680,000	       13.1%	      $600,000	       -9.1%	     43.7%             MOOROOKA		                 	17		     $329,000	    -5.2%	   $330,000	       0.0%	     51.4%
        WISHART		                            	23		    $580,000	       12.1%	      $495,000	       0.2%	      37.5%             MORNINGSIDE	~	             	28		     $395,000	   -10.8%	   $419,050	       -1.4%	    42.1%
        WOOLLOONGABBA		                        	5		          N/A	        N/A	     $555,000	      -10.5%	     53.3%             MOUNT	GRAVATT	EAST		       	13		     $360,000	    2.8%	    $357,000	       2.0%	     41.7%
        WOOLOOWIN	~	                         	16		    $745,000	       18.3%	      $625,000	       -5.5%	     27.9%             NEW	FARM	~	                	53		     $549,000	   20.3%	    $460,000	       -3.2%	    29.0%
        WYNNUM	~	                            	43		    $540,000	       18.0%	      $475,000	       -6.7%	     30.1%             NEWMARKET		                  	2		         N/A	      N/A	   $416,000	       6.4%	     44.7%
        WYNNUM	WEST		                        	35		    $430,000	        -2.3%	     $440,000	       -1.9%	     41.5%             NEWSTEAD	*	                	59		     $545,000	    2.6%	    $530,000	       -1.2%	    43.2%
        YERONGA		                            	16		    $696,750	          N/A	     $685,000	       4.6%	      41.2%             NORMAN	PARK		                	9		         N/A	      N/A	   $468,000	         N/A	    61.4%
        ZILLMERE		                           	27		    $399,000	        5.0%	      $378,000	       -0.7%	     46.8%             NORTHGATE	*	                 	6		         N/A	      N/A	   $410,000	      17.8%	     86.4%
        	                                         	               	           	              	           	                     NUNDAH	*	                  	34		     $380,000	    -3.9%	   $415,000	      21.9%	     80.4%
        UNITS & TOWNHOUSES                                                                                                     OXLEY		                      	8		         N/A	      N/A	   $358,000	         N/A	    40.4%
        BRISBANE (SD)                     2,049       $381,500         4.5%       $362,000        2.3%       42.5%             PADDINGTON		               	11		     $470,000	    0.4%	    $444,000	       3.3%	     69.5%
        BRISBANE CITY (LGA)               1,488       $400,000         2.7%       $386,500        1.0%       38.0%             RED	HILL	~	                  	4		         N/A	      N/A	   $380,000	       -7.3%	    39.7%
        ALBION		                               	6		          N/A	        N/A	     $395,000	       6.8%	      59.6%             RIVERHILLS		                 	3		         N/A	      N/A	   $431,500	         N/A	      N/A
        ALDERLEY		                             	8		          N/A	        N/A	     $367,500	       2.0%	      53.8%             RUNCORN		                  	16		     $345,500	    1.5%	    $332,000	       3.8%	     50.9%
        ALGESTER		                             	5		          N/A	        N/A	     $320,000	       4.2%	      14.5%             SHERWOOD	*	                	14		     $400,000	   -16.0%	   $427,700	         N/A	    71.1%
        ANNERLEY	~	                          	20		    $350,750	        -8.2%	     $360,000	       1.4%	      50.6%             SOUTH	BRISBANE	~	*	        	16		     $388,750	    -5.2%	   $399,250	       -8.2%	    19.5%
        ASCOT	~	                             	15		    $465,000	       20.8%	      $387,500	       -1.9%	     40.9%             SPRING	HILL	~	             	29		     $347,500	   -13.1%	   $390,000	       5.8%	     47.2%
        ASHGROVE		                             	8		          N/A	        N/A	     $396,500	       5.7%	      25.9%             ST	LUCIA	~	                	31		     $403,000	   -12.4%	   $448,750	       -1.4%	    60.8%
        ASPLEY		                               	5		          N/A	        N/A	     $360,000	       6.5%	      41.5%             STAFFORD	~	*	                	8		         N/A	      N/A	   $359,350	      -12.3%	      N/A
        AUCHENFLOWER		                       	22		    $438,500	       11.0%	      $430,000	       -0.9%	     45.8%             SUNNYBANK		                  	2		         N/A	      N/A	   $370,000	         N/A	    51.0%
        BALMORAL		                             	4		          N/A	        N/A	     $425,000	       1.2%	      32.8%             SUNNYBANK	HILLS	~	         	15		     $420,000	   19.5%	    $352,500	       9.6%	     67.9%
        BARDON	~	*	                          	11		    $560,000	        2.1%	      $530,250	         N/A	     39.5%             TAIGUM		                   	22		     $366,250	    -1.4%	   $344,500	       6.3%	     58.0%
        BOWEN	HILLS		                          	7		          N/A	        N/A	     $418,250	       -1.6%	     28.7%             TARINGA		                  	28		     $422,500	    6.4%	    $399,500	       8.0%	     53.6%
        BRACKEN	RIDGE		                        	7		          N/A	        N/A	     $349,750	       0.0%	      22.7%             TINGALPA		                 	11		     $370,000	    5.7%	    $344,500	       -0.1%	    53.1%
        BRISBANE	CITY	~	*	                  	122		    $456,000	        2.0%	      $423,500	       -7.9%	     10.6%             TOOWONG		                  	37		     $430,650	    1.3%	    $415,000	       0.4%	     43.1%
        BULIMBA	~	*	                         	14		    $491,750	       -12.2%	     $508,000	       6.9%	      45.7%             UPPER	MOUNT	GRAVATT		      	14		     $348,500	    -0.4%	   $376,500	       0.4%	     48.8%
        CALAMVALE		                          	12		    $330,000	        0.1%	      $350,000	       0.1%	      67.5%             WAVELL	HEIGHTS		             	6		         N/A	      N/A	   $445,000	       9.9%	       N/A
        CARINA		                             	11		    $432,000	        4.1%	      $415,000	      11.1%	      37.4%             WEST	END	*	                	24		     $504,500	    -2.0%	   $509,000	       -9.9%	    64.2%
        CARINA	HEIGHTS	~	*	                  	23		    $475,000	       17.3%	      $447,500	       4.8%	      64.2%             WILSTON		                    	4		         N/A	      N/A	   $387,000	         N/A	      N/A
        CARINDALE	*	                         	12		    $518,750	       16.2%	      $515,000	      13.8%	      89.3%             WINDSOR		                    	5		         N/A	      N/A	   $349,000	       -0.3%	    31.7%
        CARSELDINE		                           	9		          N/A	        N/A	     $360,000	         N/A	     28.6%             WISHART		                    	8		         N/A	      N/A	   $352,500	       2.7%	     44.6%
        CHERMSIDE		                          	27		    $400,000	        2.1%	      $407,500	       5.8%	      57.3%             WOOLLOONGABBA	*	           	13		     $430,000	    -1.1%	   $420,000	       -7.3%	    27.3%
        CLAYFIELD		                          	21		    $365,000	        0.0%	      $358,000	       -0.6%	     53.6%             WOOLOOWIN		                  	6		         N/A	      N/A	   $339,125	      10.3%	     44.3%
        COORPAROO		                          	34		    $375,000	        -1.7%	     $362,250	       0.6%	      54.1%             WYNNUM		                   	12		     $347,500	    5.3%	    $360,000	       3.3%	     38.5%
        CORINDA		                              	4		          N/A	        N/A	     $410,000	         N/A	     71.5%             WYNNUM	WEST		              	11		     $320,000	    -1.5%	   $315,000	       -3.1%	    74.5%
        EAST	BRISBANE	*	                     	10		    $424,250	        -3.4%	     $392,500	      14.6%	      41.4%             YEERONGPILLY		               	6		         N/A	      N/A	   $400,000	         N/A	      N/A
        EIGHT	MILE	PLAINS		                  	17		    $384,500	        7.3%	      $368,500	       5.9%	      66.1%             YERONGA	~	                 	17		     $381,000	    -7.2%	   $395,250	       3.7%	     48.0%
        Please see page 36 for legend and further notes

Issue 5 - March 2010                                                                                                  page 6                                                                 www.reiq.com.au
QUEENSLAND
             MAR K E T
             MONITOR
        BRISBAnE CITY
        MEDIAN SALES DATA                                                                                             MEDIAN WEEKLY RENTS
             Suburb/	           Number	of	       Dec	        change	     12	mths	to		   change	     change                        Suburbs/                                          Dec	Qtr	2009         Dec	Qtr	2008




                                                                                                                       Postcode
             Locality	          Sales	Dec	       Qtr	         over	      the	end	of	     over	       over	                        Localities	                                       Rent	    New         Rent	    New
             	                   Qtr	2009	      2009	         qtr”	      Dec	2009	       1yr”	       5yrs                                                                           ($)      Bonds       ($)      Bonds

        UNITS & TOWNHOUSES continued                                                                                  3 BEDROOM HOUSES
        ZILLMERE		                 	27		      $355,000	       2.6%	      $349,500	      10.1%	      66.4%                         BRISBANE CITY COUNCIL AREA                         370      2,792       360       2,920
        	                                	               	           	              	           	                                 Bayside                                            360      145         360       167
        VACANT URBAN LAND                                                                                               4178	 Lytton/	Wynnum/	Wynnum	West	                           360	     90	         350	      112
        BRISBANE (SD)              957        $213,000       -5.7%       $215,000       6.4%        38.7%               4179	 Lota/	Manly/	Manly	West	                               380	     55	         380	      55
        BRISBANE (SD) ^             93        $375,000       10.8%       $295,000       3.5%        52.8%                         City Inner                                         445      215         450       230
        BRISBANE CITY (LGA)        204        $311,500       11.3%       $280,000       -1.8%       33.3%               4000	 Brisbane	City/	Spring	Hill	                            500	     14	         500	      19
        BRISBANE CITY (LGA) ^        9            N/A          N/A       $460,000       -8.0%       16.5%               4005	 New	Farm	                                              525	     19	         500	      18
        BANYO		                      	-				        N/A	         N/A	     $250,000	        N/A	        N/A               4006	 Bowen	Hills/	Fortitude	Valley/	Herston/	Newstead	      450	     10	         500	      7
        BRIDGEMAN	DOWNS		            	8		     $362,000	       1.5%	      $349,500	       6.7%	      22.6%               4064	 Milton/	Paddington	                                    450	     36	         450	      47
        CALAMVALE	*	               	10		      $335,000	       7.7%	      $293,000	      22.2%	      34.7%               4066	 Auchenflower/	Toowong	                                 400	     35	         410	      37
        CARSELDINE	*	              	14		      $265,500	       -5.2%	     $280,000	       6.5%	        N/A               4067	 St	Lucia	                                              n.a.	    4	          425	      11
        DOOLANDELLA		                	4		          N/A	         N/A	     $222,000	      -5.5%	        N/A               4101	 Highgate	Hill/	South	Brisbane/	West	End	               450	     37	         470	      34
        DREWVALE	*	                  	6		     $250,000	       -5.3%	     $260,000	        N/A	      40.5%               4102	 Buranda/	Dutton	Park/	Wooloongabba	                    380	     32	         400	      19
        EIGHT	MILE	PLAINS	*	       	10		      $316,000	       1.9%	      $315,000	      -9.4%	      12.5%               4169	 East	Brisbane/	Kangaroo	Point	                         450	     28	         430	      38
        GUMDALE	*	                   	2		          N/A	         N/A	     $323,000	      17.5%	        N/A                         North - Inner                                      400      295         390       330
        HEATHWOOD	*	                 	4		          N/A	         N/A	     $238,000	      -8.1%	      62.5%               4007	 Ascot/	Hamilton	                                       465	     20	         450	      22
        INALA		                      	1		          N/A	         N/A	     $164,000	        N/A	        N/A               4010	 Albion	                                                400	     9	          380	      6
        KURABY		                     	2		          N/A	         N/A	     $321,000	        N/A	      21.1%               4011	 Clayfield/	Hendra	                                     470	     38	         465	      39
        LOTA		                       	1		          N/A	         N/A	     $298,500	        N/A	        N/A               4012	 Nundah/	Toombul/	Wavell	Heights	                       380	     75	         375	      78
        MACKENZIE		                  	4		          N/A	         N/A	     $314,500	      10.4%	        N/A               4030	 Lutwyche/	Windsor/	Wooloowin	                          400	     57	         430	      52
        MANLY	WEST		                 	1		          N/A	         N/A	     $291,000	       1.0%	       0.3%               4031	 Gordon	Park/	Kedron	                                   390	     33	         380	      43
        MITCHELTON		                 	3		          N/A	         N/A	     $332,500	        N/A	        N/A               4051	 Alderley/	Enogerra/	Newmarket/	Wilston/	etc.	          395	     62	         380	      87
        MOGGILL	*	                   	8		     $260,000	       5.1%	      $245,000	       2.1%	      44.1%                         North - Outer                                      350      357         350       356
        NUDGEE		                     	-				        N/A	         N/A	     $235,000	        N/A	        N/A               4013	 Northgate	                                             350	     18	         360	      12
        OXLEY	*	                     	5		     $220,000	      -11.0%	     $245,000	        N/A	        N/A               4014	 Banyo/	Nudgee/	Virginia	                               350	     35	         360	      29
        RICHLANDS		                  	4		          N/A	         N/A	     $215,000	        N/A	        N/A               4017	 Bracken	Ridge/	Brighton/	Deagon/	Sandgate/	etc.	       350	     105	        340	      104
        SUNNYBANK	*	                 	5		     $458,000	      12.8%	      $438,000	        N/A	        N/A               4018	 Fitzgibbon/	Taigum	                                    360	     17	         350	      22
        SUNNYBANK	HILLS		            	2		          N/A	         N/A	     $300,000	        N/A	      15.8%               4032	 Chermside/	Chermside	West	                             360	     57	         350	      54
        TAIGUM		                     	5		     $260,000	         N/A	           N/A	       N/A	        N/A               4034	 Aspley/	Boondall/	Carseldine/	Geebung/	Zillmere	       350	     107	        350	      111
        TINGALPA		                   	1		          N/A	         N/A	     $298,000	        N/A	        N/A               4036	 Bald	Hills	                                            350	     18	         350	      24
        UPPER	KEDRON		               	5		     $320,000	         N/A	           N/A	       N/A	        N/A                         North West - Inner                                 420      92          440       100
        WAKERLEY	*	                	22		      $325,000	      16.1%	      $280,000	        N/A	      24.7%               4059	 Kelvin	Grove/	Red	Hill	                                450	     36	         460	      46
        WYNNUM	WEST		                	6		     $269,500	       0.2%	      $268,500	        N/A	        N/A               4060	 Ashgrove	                                              395	     30	         440	      31
                                                                                                                        4065	 Bardon	                                                390	     26	         395	      23
                                                                                                                                  North West - Outer                                 365      218         360       210
                                                                                                                        4053	 Everton	Park/	McDowall/	Mitchelton/	Stafford/	etc.	 360	        128	        360	      143
                                                                                                                        4054	 Arana	Hills/	Keperra	                                  360	     44	         340	      35
                                                                                                                        4061	 The	Gap	                                               390	     46	         380	      32
                                                                                                                                  South - Inner                                      375      368         370       350
                                                                                                                        4103	 Annerley/	Fairfield	                                   400	     39	         390	      41
                                                                                                                        4104	 Yeronga	                                               420	     16	         400	      15
                                                                                                                        4105	 Moorooka/	Tennyson/	Yeerongpilly	                      375	     48	         370	      41




                                                                                                                                                                              Please see page 36 for legend and further notes

Issue 5 - March 2010                                                                                         page 7                                                                           www.reiq.com.au
QUEENSLAND
             MAR K E T
             MONITOR
        BRISBAnE CITY
        MEDIAN WEEKLY RENTS                                                                                        MEDIAN WEEKLY RENTS
                        Suburbs/                                        Dec	Qtr	2009     Dec	Qtr	2008                          Suburbs/                                      Dec	Qtr	2009     Dec	Qtr	2008
             Postcode




                                                                                                                    Postcode
                        Localities                                      Rent	    New     Rent	    New                          Localities                                    Rent	    New     Rent	    New
                                                                        ($)      Bonds   ($)      Bonds                                                                      ($)      Bonds   ($)      Bonds
        3 BEDROOM HOUSES continued                                                                                 2 BEDROOM FLATS/UNITS continued
             4120	 Greenslopes	                                         400	     32	      380	    29                           North - Outer                                  310     175      295     185
             4121	 Holland	Park/	Holland	Park	West/	Tarragindi	         380	     84	      370	    92                4013	 Northgate	                                          270	    17	      275	    19
             4122	 Mansfield/	Mt	Gravatt/	Wishart/	etc.	                360	     149	     360	    132               4014	 Banyo/	Nudgee/	Virginia	                            260	    6	       198	    14
                        South - Outer                                   350      267      340     309               4017	 Bracken	Ridge/	Brighton/	Deagon/	Sandgate/	etc.	    300	    17	      250	    21
             4106	 Rocklea	                                             350	     9	       340	    7                 4018	 Fitzgibbon/	Taigum	                                 300	    6	       285	    10
             4107	 Salisbury	                                           350	     25	      350	    31                4032	 Chermside/	Chermside	West	                          310	    90	      320	    68
             4108	 Archerfield/	Coopers	Plains	                         350	     19	      320	    20                4034	 Aspley/	Boondall/	Carseldine/	Geebung/	Zillmere	    300	    39	      290	    53
             4109	 Macgregor/	Robertson/	Sunnybank/	etc.	               350	     90	      350	    84                           North West - Inner                             340     125      350     107
             4110	 Acacia	Ridge/	Willawong	                             330	     23	      310	    53                 4059	 Kelvin	Grove/	Red	Hill	                            335	    83	      350	    56
             4112	 Kuraby	                                              350	     8	       340	    7                  4060	 Ashgrove	                                          350	    36	      370	    46
             4113	 Eight	Mile	Plains/	Runcorn	                          360	     57	      350	    62                 4065	 Bardon	                                            335	    6	       230	    5
             4115	 Algester/	Parkinson	                                 355	     17	      340	    21                           North West - Outer                             300     45       280     48
             4116	 Calamvale/	Drewvale/	Stretton	                       370	     19	      350	    24                 4053	 Everton	Park/	McDowall/	Mitchelton/	Stafford/	etc.	 310	   42	      280	    47
                        South East - Inner                              400      332      390     332                          South - Inner                                  310     379      300     366
             4151	 Coorparoo	                                           395	     33	      400	    50                 4103	 Annerley/	Fairfield	                               310	    100	     295	    98
             4152	 Camp	Hill/	Carina/	Carina	Heights/	Carindale	        380	     144	     385	    126                4104	 Yeronga	                                           320	    35	      300	    26
             4170	 Cannon	Hill/	Morningside/	Norman	Park/	etc.	         420	     99	      380	    98                 4105	 Moorooka/	Tennyson/	Yeerongpilly	                  290	    48	      280	    40
             4171	 Balmoral/	Bulimba/	Hawthorne	                        440	     39	      440	    42                 4120	 Greenslopes	                                       310	    93	      310	    92
             4172	 Murarrie	                                            380	     17	      380	    16                 4121	 Holland	Park/	Holland	Park	West/	Tarragindi	       300	    32	      295	    33
                        South East - Outer                              375      48       360     52                 4122	 Mansfield/	Mt	Gravatt/	Wishart/	etc.	              360	    64	      350	    73
             4153	 Belmont	                                             365	     8	       380	    7                            South - Outer                                  300     45       320     36
             4154	 Gumdale/	Ransome/	Wakerley	                          440	     5	       400	    8                  4109	 Macgregor/	Robertson/	Sunnybank/	etc.	             385	    23	      385	    21
             4173	 Tingalpa	                                            370	     26	      350	    25                           South East - Inner                             330     332      330     383
             4174	 Hemmant	                                             330	     6	       345	    11                 4151	 Coorparoo	                                         310	    134	     310	    149
                        South West - Inner                              380      138      380     116                4152	 Camp	Hill/	Carina/	Carina	Heights/	Carindale	      340	    31	      330	    40
             4068	 Chelmer/	Indooroopilly/	Taringa	                     395	     60	      390	    37                 4170	 Cannon	Hill/	Morningside/	Norman	Park/	etc.	       345	    86	      330	    96
             4075	 Corinda/	Graceville/	Oxley/	Sherwood	                370	     78	      370	    79                 4171	 Balmoral/	Bulimba/	Hawthorne	                      375	    81	      350	    98
                        South West - Outer                              330      317      330     368                          South East - Outer                             285     8        285     12
              4069	 Brookfield/	Chapel	Hill/	Fig	Tree	Pocket/	etc.	     395	     42	      380	    46                 4173	 Tingalpa	                                          285	    7	       280	    7
              4070	 Anstead/	Bellbowrie/	Moggill	                       350	     10	      320	    11                           South West - Inner                             350     196      350     188
              4073	 Seventeen	Mile	Rocks/	Sinnamon	Park	                380	     12	      380	    12                 4068	 Chelmer/	Indooroopilly/	Taringa	                   360	    145	     360	    157
              4074	 Jindalee/	Mt	Ommaney/	Sumner/	Westlake/	etc.	       360	     62	      350	    65                 4075	 Corinda/	Graceville/	Oxley/	Sherwood	              300	    51	      270	    31
              4076	 Darra/	Wacol	                                       300	     24	      310	    45                           South West - Outer                             325     17       325     15
              4077	 Doolandella/	Durack/	Inala/	Richlands	              290	     65	      280	    57                 4078	 Ellen	Grove/	Forest	Lake	                          330	    9	       335	    6
              4078	 Ellen	Grove/	Forest	Lake	                           330	     102	     330	    132                	         	                                              	       	        	
              	         	                                               	        	        	                        2 BEDROOM TOWNHOUSES
                                                                                                                     	   	                                                    	       	        	
        2 BEDROOM FLATS/UNITS
          	   	                                                         	        	        	                                    BRISBANE CITY COUNCIL AREA                     345     314      340     218
                        BRISBANE CITY COUNCIL AREA                       355     3,550    350     3,634                        Bayside                                        350     5        340     6
                        Bayside                                          300     50       275     37                           City Inner                                     420     39       450     25
              4178	 Lytton/	Wynnum/	Wynnum	West	                         305	    35	      280	    26                           North - Inner                                  350     50       330     46
              4179	 Lota/	Manly/	Manly	West	                             265	    15	      265	    11                           North - Outer                                  320     43       295     24
                        City Inner                                       440     1,529    430     1,581                        North West - Inner                             365     10       n.a.    1
              4000	 Brisbane	City/	Spring	Hill	                          540	    297	     510	    302                          North West - Outer                             320     18       300     20
              4005	 New	Farm	                                            410	    183	     390	    206                          South - Inner                                  330     45       320     16
              4006	 Bowen	Hills/	Fortitude	Valley/	Herston/	Newstead	    445	    286	     450	    300                          South - Outer                                  320     24       310     16
              4064	 Milton/	Paddington	                                  360	    62	      360	    63                           South East - Inner                             350     62       340     41
              4066	 Auchenflower/	Toowong	                               365	    176	     360	    177                          South East - Outer ^                           n.a.    1        n.a.    2
              4067	 St	Lucia	                                            370	    73	      360	    88                           South West - Inner                             370     12       395     15
              4101	 Highgate	Hill/	South	Brisbane/	West	End	             450	    237	     450	    205                          South West - Outer ^                           350     5        295     6
              4102	 Buranda/	Dutton	Park/	Wooloongabba	                  400	    39	      350	    46
              4169	 East	Brisbane/	Kangaroo	Point	                       425	    176	     440	    194
                        North - Inner                                    320     649      320     676
              4007	 Ascot/	Hamilton	                                     330	    122	     340	    96
              4010	 Albion	                                              355	    21	      340	    26
              4011	 Clayfield/	Hendra	                                   320	    115	     310	    132
              4012	 Nundah/	Toombul/	Wavell	Heights	                     325	    122	     330	    146
              4030	 Lutwyche/	Windsor/	Wooloowin	                        295	    104	     295	    100
              4031	 Gordon	Park/	Kedron	                                 305	    57	      300	    59
              4051	 Alderley/	Enogerra/	Newmarket/	Wilston/	etc.	        330	    108	     310	    117
        Please see page 36 for legend and further notes

Issue 5 - March 2010                                                                                      page 8                                                                      www.reiq.com.au
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide
REIQ's State-Wide Property Research Guide

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REIQ's State-Wide Property Research Guide

  • 1. Proud to be an REIQ accredited agency YO U R STAT E W I D E P R O P E R T Y R E S E A R C H G U I D E - S U B U R B B Y S U B U R B Y O U R S TAT E - W I D E P R O P E R T Y R E S E A R C H G U I D E - S U B U R B B Y S U B U R B MARKET MONITOR Issue 5 - March 2010 www.reiq.com.au 10% Deposit - it just makes sense www.reiq.com.au Click here to discover how a Deposit Power Guarantee can secure a 10% deposit. Issue 4 - December 2009 www.reiq.com.au
  • 2. QUEENSLAND MAR K E T MONITOR COnTEnTS State-wide Summary.................................. page 2 Queensland Market Monitor is published by The Real Estate Institute of Queensland (REIQ). Regional Overview ABN 49 009 661 287 [Houses, Units & Townhouses, Vacant land, Rents] Disclaimer: The information contained in this publication, while based on information believed reliable, is not guaranteed. Nor is any of it tendered by way of investment advice; instead, it is Brisbane City.......................................... page 4 intended only to inform and illustrate. No reader should act on the basis of any matter contained in this publication without considering and if necessary taking appropriate professional advice with Brisbane Surrounds.............................. page 9 regards to their own particular circumstances. The publisher and editor give no representations and make no warranties, express or implied, with respect to the accuracy or completeness of Gold Coast City..................................... page 13 any of the material (including statistics, advertisements and advertising features) contained in this publication. The publisher and editor expressly disclaim any and all liability to the reader, Toowoomba Regional........................... page 16 whether a purchaser of this publication or not, in respect of anything and the consequences of anything done or omitted to be done by any such person in reliance, whether whole or partial, Sunshine Coast City............................ page 18 upon the whole or any part of the contents of this publication. The publisher, editor or contributors will enter into no correspondence in relation to this publication. The mention of the company, fraser Coast Regional.......................... page 20 organisation, person, investment strategy or technique does not imply endorsement by the publisher. The publisher has not vetted advertisers and their products/services. The inclusion of Bundaberg Regional.............................. page 22 advertisements or special advertising features in this publication does not imply endorsement of the advertiser/s or their products/services by the publisher. Articles are published in reliance Gladstone Regional............................... page 24 upon the representations and warranties of the authors of the articles and without knowledge of any infringement of any third party’s copyright. Copyright: This publication is protected under the Rockhampton Regional......................... page 25 Commonwealth Copyrights Act 1968 and may not, in whole or part, be lent, copied, photocopied, reproduced, translated or reduced to any electronic medium or machine-readable format without Mackay Regional.................................... page 27 the express permission of the publisher. For permissions or reprints, contact the Market Place Strategy Division on phone 07 3249 7347. Townsville City........................................ page 29 Cairns Regional...................................... page 31 Other Regional Areas............................ page 33 The Real Estate Institute of Queensland Ltd. Copyright © 2009 Gross Rental Yields...................................... page 36 21 Turbo Drive, Coorparoo, PO Box 1555, Coorparoo DC Q 4151 Explanatory Notes....................................... page 36 Ph: (07) 3249 7347 fax: (07) 3249 6211 Email: research@reiq.com.au Research Methodology............................. page 37 Contact Details.............................................. page 37 DECEMBER QUARTER 2009 STATE-WIDE SUMMARY Median house and unit prices SnAPSHOT Of lGA DATA Falling numbers of first home buyers over the December DECEMBER QUARTER 2009 HOUSES quarter ensured median property prices headed north across LOCAL GOVERNMENT AREA Median Change most areas of the State. Dec Qtr 09 over qtr This can be partly attributed to the decrease of buyers in SOUTHEAST QUEENSLAND the more affordable end of the market which has resulted in BRISBANE (SD) $451,000 4.9% median prices being skewed upward over the period. BRISBANE CITY ~ $535,000 8.1% The dramatic reduction in first home buyers across the State IPSWICH CITY $324,000 1.3% – down from their peak of 30 per cent of the market in May LOGAN CITY $362,000 3.4% last year to just 17 per cent in December – meant that sales of MORETON BAY REGIONAL $400,000 3.4% affordable properties also plummeted. REDLAND CITY $460,900 0.2% The number of preliminary house sales under $500,000 GOLD COAST CITY $510,000 5.2% dropped 22 per cent in the period, while the drop in the SUNSHINE COAST REGIONAL $475,000 3.3% number of units and townhouses was even more marked – MAJOR REGIONAL CENTRES down 28 per cent over the quarter. TOOWOOMBA REGIONAL $295,000 5.7% FRASER COAST REGIONAL ~ $314,500 4.8% The market as a whole also slowed over the period with BUNDABERG REGIONAL ~ $295,000 9.7% total preliminary house sales down 16 per cent, and total GLADSTONE REGIONAL ~ $355,000 -1.7% preliminary unit and townhouse sales down 24 per cent compared to the September quarter. ROCKHAMPTON REGIONAL $330,000 7.8% MACKAY REGIONAL $404,500 4.8% Brisbane’s median house price increased 8.1 per cent to TOWNSVILLE CITY $385,000 5.5% $535,000 over the December quarter however its median – CAIRNS REGIONAL $372,500 4.9% along with many other areas – was impacted by the marked change in buyer demographic. Issue 5 - March 2010 page 2 www.reiq.com.au
  • 3. QUEENSLAND MAR K E T MONITOR BRISBAnE CITY DECEMBER QUARTER 2009 STATE-WIDE SUMMARY PRICE Brisbane had the second highest median house price increase POINTS PRICE overPOINTS QLD - House Sales MBER OF SALES the quarter. % OF TOTAL SALES <$350k $350k+ $500k+ $1m+ SEP 09 PRICE POINTS JUN 09 DEC 09 SEP 09 The Bundaberg residential propertyTOTAL SALES JUN 09 QLD - House Sales MBER OF SALES 4475 4908 29% % OF market regained lost 34% 36% -1204 4908 SEP 09 ground JUN 09the December quarter SEPpost a 9.7 per cent 5529 over 5753 DEC 09 40% to 09 42% JUN 09 42% -1027 <$350k $350k+ $500k+ QLD - House Sales $1m+ UMBER OF SALES 2997 median house price increase to% OF TOTAL SALES the20% major 4475 4908 2797 29% 28% $295,000 to be 36% 34% 23% top -1204 136 JUN 09 5753 2797 234 4908 <$350k $350k+ $500k+ $1m+ SEP 09 290 regionalJUN 09 5529 4475 2997 performer. The3%09 follows34% of 4.9 per cent in the -1027 5753 234 4908 2797 DEC 40% result 29% 28% SEP 09 42% 2% fall a 23% JUN 09 42% 2% 36% 20% 9 -1204 136 JUN 09 4475 5753 2797 234 13291 13692 -2086 4908 290 previous5753 5529 -3% quarter. 234 40% 3% 42% 2% 42% 2% -1027 9 SEP 09 4475 5529 2997 290 2997 13291 2797 13692 28% 23% 20% 136 -2086 JUN 09 5753 2797 234 MBER OF SALES % OF TOTAL SALES 290 Bundaberg’s spike in median house SEP 09 partially2% SEP 09 -3% 234 JUN 09 3% DEC 09 can be 2% attributed JUN 09 9 SEP 09 3271 4475 5529 2997 290 MBER OF SALES reduction of affordable housing stock in the17% 13291 to the 13692 1052 1044 14% % OF TOTAL SALES 17% final -2086 DEC 09 4502 3133 299 SEP 09 3271 5529 2997 290 2070 -3% SEP 09 monthsJUN 2009 which31% of 09 2252 DEC 09 SEP 09 33% JUN 09 resulted in healthy competition 37% UMBER OF SALES 1052 1044 14% % OF TOTAL SALES 17% 17% DEC 09 4502 3133 299 2069 1851 33% 33% 30% SEP 09 amongst87409 buyers, especially first-timers. 09 3271 2070 992 JUN 2252 DEC 09 31% 18% SEP 33% 16% JUN 09 37% 14% 1052 2069 1044 1851 14% 33% 17% 33% 17% 30% DEC 09 4502 3133 299 183 Similar to other areas of the State, the number of first home 136 4% 3% 2% 2070 992 6366 2252 874 6157 31% 18% 33% 16% 37% 14% QLD - Unit Sales 2069 buyers in136 183 Bundaberg has reduced dramatically over2% 1851 33% 4% 33% 3% 30%recent 6366 months as financial incentives toOF TOTAL SALES 992 MBER OF SALES 874 6157 18% % buy16% wound back and are 14% <$250k QLD $250k+ - Unit Sales $350k+ $500k+ $1m+ 183 136 SEP 09 interest JUN 09 begin toDEC 09 4% 3% 2% rates rise again. SEP 09 JUN 09 6366 MBER OF SALES 2938 6157 2829 73% % OF TOTAL SALES 73% 75% JUN 09 <$250k 1044 QLD $250k+ 2252 - Unit Sales $500k+ $350k+ 1851 874 $1m+ 136 SEP 09 There has been a marked09 728 JUN 09 652 DEC increase in18% number of second 16% SEP 09 the JUN 09 17% UMBER OF SALES 2938 233 2829 174 73% % OF TOTAL SALES 73% 75% <$250k $250k+ $350k+ $500k+ $1m+ SEP 09 and third65209 728 90 JUN generation buyers since the beginning of5%09 year. 88 7% DEC 09 16% 3% 6% SEP 09 18% 2% JUNthe 17% 2% JUN 09 1044 2252 1851 874 136 SEP 09 1052 2070 2069 992 183 2938 Investors,29 233 50 especially, are7% 2829 174 1%showing a lot of interest given the 73% 73% 6% 1% 75% 5% 1% JUN 09 1044 2252 1851 874 136 728 652 3772 16% 4039 affordability of property in the region. 90 88 3% 18% 2% 17% 2% SEP 09 1052 2070 2069 992 183 233 50 174 29 7% 1% 6% 1% 5% 1% DEC 09 651 1498 1603 887 181 4039 Queensland’s unit and townhouse market also keenly felt the 90 88 3772 3% 2% 2% SEP 09 1052 2070 2069 992 183 50 4039 retreat of 29 home buyers with higher median prices but first 3772 1% 1% 1% DEC 09 651 1498 1603 887 181 SEP 09 SEP change over qtr much lower preliminary sales numbers. 10004 -22% DEC 09 651 1498 1603 887 181 SEP 093287 change over qtr SEP 4% QLD - Land Sales 13291 10004 recent batch of interest rate rises, even though inflation The -22% -16% appears to presently be under control, has obviously had an SEP 093287 change over qtr SEP 4% <$250k QLD $250k+ - Land Sales $350k+ $500k+ $1m+ 13291 10004 change the Queensland market with sales numbers well SEP 09 impact onover qtr -22% -16% 88 5191 3287 -28% 4% <$250k QLD $250k+ - Land Sales $350k+ $500k+ $1m+ 13291 below what they were during the global financial crisis last JUN 09 2829 652 174 29 SEP 09 1175 -9% -16% change over qtr <$250k $250k+ $350k+ 88 $500k+ $1m+ 6366 year. 5191 -28% -24% JUN 09 2829 652 174 9029 SEP 09 1175 change over qtr -9% SEP 09 2938 728 88 233 50 6366 Cairns’ was the top performer of Queensland’s major regions 5191 -28% -24% JUN 09 2829 652 174 9029 1175 with a median unit and townhouse price increase of 9.1 per -9% SEP 09 2938 89 728 233 50 6366 cent to $265,000 over the December quarter. -24% DEC 09 2227 504 42 90 SEP 09 2938 89 728 233 200 50 As with house sales, preliminary unit and townhouse sales DEC 09 2227 504 89 42 numbers were also down for the quarter, recording 300 sales. 200 DEC 09 2227 504 42 Demand in the Cairns unit and townhouse market has been 200 driven heavily by investors over the quarter, while first home buyers looked towards this segment as the more affordable option in their ongoing quest to own their first piece of real estate. Median land prices Median rents About 8,000 First Home Owner Boosts (FHOB) were paid to The Queensland rental market has adapted to its new level of Queenslanders to build their first home while the government demand following the large number of renters who exited the initiative was available in late 2008 and 2009. By comparison, market during 2009 to buy a home. about 35,000 FHOB’s were paid to first-time buyers of existing property over the same period. The State’s continued population growth shows no signs of abating, however which ensures that vacancy rates will likely While this initiative certainly helped underpin the new improve over the short to medium term given this sustained home market – and safeguard jobs - during the economic level of demand. uncertainties of the past 18 months, rising interest rates and continued supply constraints have resulted in the preliminary Across the State, most major regions posted small median rent number of sales of vacant urban land across Queensland increases over the 2009 calendar year. decreasing 24 per cent over the period. Issue 5 - March 2010 page 3 www.reiq.com.au
  • 4. QUEENSLAND MAR K E T MONITOR BRISBAnE CITY Median house and unit prices Brisbane’s median house price soared 8.1 per cent to $535,000 Brisbane City - House Sales over the December quarter on the back on of a dramatic decrease in preliminary sales under $500,000. <$350k $350k+ $500k+ $1m+ 265 127 Over the year, Brisbane’s median house price was steady JUN 09 1709 1468 recording a 0.3 per cent increase. 254 136 Compared to the September quarter, the number of house sales under $500,000 dropped 27 per cent. The total number of SEP 09 1358 1409 preliminary sales was also down by 11 per cent over the period. 135 174 There was a slight increase in sales to up-graders over the DEC 09 1036 1444 period, with many having sold to first-home buyers, now seeking to buy in the $500,000 to $1 million price bracket. This trend is reflected in the results with some of the strongest Brisbane Surrounds--Unit Sales Brisbane City House Sales performers being suburbs usually preferred by second and third home buyers. <$350k <$250k $350k+ $250k+ $500k+ $350k+ $1m+ $500k+ $1m+ 89 1600 21 39 Bridgeman Downs recorded a 12.9 per cent median house price increase to $755,000 and was also up 9.1 per cent over JUN 09 JUN 09 698 1004 1831 334 506 the year. 76 1308 12 51 Bridgeman Downs is a relatively new outer northern suburb SEP 09 SEP 09 521 944 1586 467336 of Brisbane, about 14.5km from the CBD. In recent years it has 41 935 2052 raised its profile by transforming areas of open forest into up- DEC 09 DEC 09 341 742 1278 312 490 market contemporary housing, especially on large estates. The south-eastern pocket of suburbs of Bulimba, Cannon Hill and Carina also performed well over the period up 13.8 per cent, 13.6 per cent and 10.4 per cent respectively. Gold Coast City Land Sales Brisbane City - - House Sales Brisbane Surrounds- Unit Sales The Brisbane median unit and townhouse increased 2.7 per <$250k <$350k $250k+ $350k+ $350k+ $500k+ $500k+ $1m+ <$250k $250k+ $350k+ $500k+ $1m+ cent to $400,000 over the period. Yet again sales numbers were 46 79 down markedly with the total number of preliminary sales JUN 09 JUN 09 JUN 09 54 243 810 173 381 520 48 164 15 5110 down 22 per cent over the December quarter. Preliminary sales 35 77 under $500,000 also decreased by some 25 per cent over the SEP 09 SEP 09 98 188 678 172 522 67 55 19 period. SEP 09 335 141 7 Solid performers included the inner-city suburb of Fortitude 33 52 Valley, up 8.8 per cent over the quarter to $421,000, and up 7.9 DEC 09 DEC 09 DEC 09 29 119 483 103 242 51 511 13 56 4 140 per cent over the year. Indooroopilly also recorded healthy growth with an 8.6 per cent increase to $472,500 over the quarter, and up 12.4 per rents Coast--House Sales Toowoomba Unit Sales Median Brisbane Surrounds - Land Sales Gold cent over the year. <$350k $350k+ $500k+ The Brisbane rental market has $350k+ to$500k+ balanced <$250k <$250k $250k+ $250k+ returned $500k+ $1m+ $350k+ a more 500 state over the past year with its vacancy rate now sitting at 3.8 Median land prices 28 per cent, 236 JUN 09 JUN 09 according 771figures from the Office of Economic and to 795 541 117 31 385 68 174 21 The paucity of affordable vacant urban land in the Brisbane Statistical Research. Inner Brisbane has felt the reduction of 439 local government area and the reduction of the FHOB saw the 35 renters more keenly than other parts of Brisbane, recording a SEP 09 SEP 09 190 641 640 646 130 28 361 83 preliminary number of sales plummet by a staggering 40 per SEP 09 184 12 vacancy rate of 4.4 per cent for the December quarter. cent over the December quarter. 352 30 The number of bonds lodged reflects this lower demand While middle-ring suburbs such as Calamvale and Moggill DEC 09 112 DEC 09 overall, 476 578 427 116 DEC 09 down about 15 per cent313 135 47December 2009 89 between 8 performed well over the period – up 7.7 per cent and 5.1 per and December 2007. While there has been a reduction in cent respectively – the fact that the median price for vacant the number of renters in the market, median rents fared well urban land in Brisbane now sits at $311,500 means that this with an increase of $10 per week to $370 for a three-bedroom segment of the market is only really attainable for people house in Brisbane andCoast --Land $5 per week to $355 for a Gold an increase of Sales Toowoomba Unit Sales upgrading to a new home with all the mod cons after selling two-bedroom unit<$250kthe $250k+ period. <$250k over $250k+ same $350k+ $500k+ $500k+ an established property. JUN 09 273 96 9 16 JUN 09 103 45 2 Issue 5 - March 2010 page 4 www.reiq.com.au
  • 5. QUEENSLAND MAR K E T MONITOR BRISBAnE CITY MEDIAN SALES DATA MEDIAN SALES DATA Suburb/ Number of Dec change 12 mths to change change Suburb/ Number of Dec change 12 mths to change change Locality Sales Dec Qtr over the end of over over Locality Sales Dec Qtr over the end of over over Qtr 2009 2009 qtr” Dec 2009 1yr” 5yrs Qtr 2009 2009 qtr” Dec 2009 1yr” 5yrs HOUSES HOUSES continued BRISBANE (SD) 5,512 $451,000 4.9% $425,000 1.2% 38.2% GREENSLOPES ~ 18 $690,000 32.7% $550,000 0.1% 48.1% BRISBANE (SD) ^ 360 $567,250 4.8% $550,000 -3.5% 29.4% HAMILTON ~ 11 $850,000 N/A $1,025,000 -19.1% 28.1% BRISBANE CITY (LGA) ~ 2,789 $535,000 8.1% $491,500 0.3% 36.5% HAWTHORNE 19 $899,888 4.6% $732,500 -5.5% 16.7% BRISBANE CITY (LGA) ^ ~ 49 $915,000 10.9% $876,000 -14.7% 16.8% HEATHWOOD 4 N/A N/A $500,000 -8.3% N/A ACACIA RIDGE 17 $345,000 0.7% $331,000 0.9% 49.1% HEMMANT 6 N/A N/A $416,440 2.8% 48.2% ALDERLEY 16 $610,625 0.4% $600,000 4.8% 50.0% HENDRA ~ * 20 $975,000 33.6% $731,000 6.7% 48.4% ALGESTER 24 $415,500 3.9% $395,550 2.6% 41.4% HIGHGATE HILL ~ 6 N/A N/A $718,500 -14.5% 40.5% ANNERLEY ~ 19 $645,000 24.0% $529,500 -1.9% 42.3% HOLLAND PARK 29 $530,000 5.5% $495,000 -3.9% 47.7% ASCOT ~ 14 $897,500 -17.8% $980,000 -24.6% 25.6% HOLLAND PARK WEST 23 $537,000 3.9% $518,500 1.2% 42.8% ASHGROVE 40 $638,000 -1.1% $626,750 -3.4% 37.7% INALA 29 $307,000 5.9% $291,000 -1.5% 59.9% ASPLEY 32 $464,000 0.4% $463,000 3.1% 40.3% INDOOROOPILLY ~ 27 $681,000 18.1% $637,500 -6.3% 23.8% AUCHENFLOWER ~ 13 $810,000 18.2% $766,500 6.5% 44.6% JAMBOREE HEIGHTS 23 $429,000 3.4% $424,000 1.0% 46.2% BALD HILLS 35 $409,000 3.5% $401,000 6.6% 54.2% JINDALEE 21 $460,000 2.2% $454,500 3.0% 35.7% BALMORAL ~ 15 $752,000 13.5% $702,500 -16.4% 27.7% KANGAROO POINT 8 N/A N/A $650,000 N/A 39.8% BANYO 22 $442,500 7.9% $400,000 1.9% 37.9% KARANA DOWNS 9 N/A N/A $424,750 11.9% 40.1% BARDON ~ 37 $800,000 19.8% $696,000 -5.9% 47.0% KARANA DOWNS ^ 6 $494,500 N/A $489,000 N/A 35.7% BELLBOWRIE 19 $492,000 5.8% $455,000 1.1% 31.9% KEDRON 24 $511,300 3.9% $480,000 -10.3% 36.2% BELMONT 15 $589,000 3.3% $565,000 4.6% 61.0% KELVIN GROVE 9 N/A N/A $610,000 -2.4% 46.3% BOONDALL 24 $425,000 5.6% $415,000 1.2% 37.9% KENMORE 38 $560,000 5.7% $502,500 0.5% 30.6% BRACKEN RIDGE 44 $408,000 1.5% $410,000 3.8% 34.9% KENMORE HILLS 7 N/A N/A $710,000 N/A 43.8% BRIDGEMAN DOWNS 23 $755,000 12.9% $675,000 9.1% 29.8% KEPERRA 18 $436,000 -2.0% $425,000 2.4% 49.4% BRIGHTON 42 $404,250 2.3% $390,000 -2.3% 41.8% KURABY 16 $547,500 14.1% $494,750 -9.2% 33.7% BRISBANE CITY 4 N/A N/A $700,000 N/A 65.7% LOTA 13 $480,000 0.5% $463,000 -6.9% 18.7% BROOKFIELD 5 N/A N/A $795,000 N/A 27.5% LUTWYCHE 7 N/A N/A $587,500 6.3% 49.5% BULIMBA 21 $922,500 13.8% $822,500 -7.7% 24.6% MACGREGOR 18 $506,000 -4.8% $493,000 -0.4% 29.7% CALAMVALE 35 $499,000 2.0% $485,000 0.0% 41.6% MANLY 10 $627,500 -3.5% $585,000 -10.6% 14.7% CAMP HILL 38 $621,024 9.2% $575,000 -1.5% 38.9% MANLY WEST 29 $510,000 -3.8% $475,000 -2.5% 32.7% CANNON HILL 14 $551,000 13.6% $500,000 -1.5% 28.2% MANSFIELD 15 $520,000 13.4% $467,500 2.7% 39.6% CARINA 18 $536,500 10.4% $475,000 0.0% 39.7% MCDOWALL 15 $528,000 -2.2% $521,250 6.6% 39.9% CARINA HEIGHTS 12 $529,750 4.9% $499,500 5.2% 32.3% MIDDLE PARK 14 $535,000 4.7% $492,000 -0.1% 39.6% CARINDALE 39 $675,000 0.4% $650,000 4.3% 41.8% MITCHELTON 21 $505,000 14.8% $493,500 6.1% 49.5% CARSELDINE 11 $509,000 7.2% $481,250 -3.2% 23.4% MOGGILL 14 $474,500 3.2% $468,500 2.8% 31.0% CHAPEL HILL 32 $650,000 2.0% $620,000 3.1% 40.9% MOOROOKA 35 $487,500 8.3% $464,375 -2.2% 40.4% CHELMER 15 $890,000 5.3% $860,000 3.6% 25.2% MORNINGSIDE ~ 28 $531,750 -8.3% $543,500 0.8% 33.8% CHERMSIDE 15 $450,000 0.2% $448,500 -1.9% 40.4% MOUNT CROSBY ^ 2 N/A N/A $535,000 2.9% 48.6% CHERMSIDE WEST ~ 15 $485,000 19.0% $437,000 1.9% 41.0% MOUNT GRAVATT 13 $492,000 N/A $480,000 0.4% 47.5% CLAYFIELD 21 $1,020,000 9.3% $830,000 -5.9% 29.2% MOUNT GRAVATT EAST 34 $450,000 -3.2% $447,000 -1.8% 38.8% COOPERS PLAINS 12 $431,000 9.8% $410,000 -1.8% 44.4% MURARRIE ~ 12 $557,000 19.1% $457,000 -4.8% 25.2% COORPAROO 30 $669,000 4.9% $612,500 2.1% 47.1% NEW FARM ~ 13 $1,010,000 16.1% $900,000 -18.2% 6.2% CORINDA ~ 13 $765,000 54.7% $590,000 3.5% 43.9% NEWMARKET 11 $665,000 8.1% $632,500 1.2% 48.8% DARRA 7 N/A N/A $347,500 5.3% 54.8% NORMAN PARK ~ 25 $640,000 -6.9% $642,500 -6.5% 52.1% DEAGON 21 $405,000 12.5% $380,000 4.1% 40.7% NORTHGATE ~ 13 $620,000 18.0% $520,000 5.2% 60.0% DOOLANDELLA 5 N/A N/A $357,500 1.3% 45.9% NUDGEE 5 N/A N/A $469,927 4.4% 67.8% DREWVALE 10 $474,000 0.2% $456,500 6.2% 34.3% NUNDAH 20 $585,000 2.8% $540,000 -1.8% 53.2% DURACK 11 $373,000 12.3% $341,000 -0.4% 37.4% OXLEY 18 $460,000 2.1% $425,000 -2.3% 44.1% EAST BRISBANE 12 $650,000 0.5% $627,500 -2.7% 21.7% PADDINGTON 19 $753,000 6.5% $695,000 -7.9% 41.8% EIGHT MILE PLAINS 27 $599,000 6.8% $573,000 8.9% 40.2% PARKINSON 38 $517,500 5.2% $487,000 3.6% 29.9% ENOGGERA 15 $535,000 N/A $512,500 -6.1% 48.6% PULLENVALE ^ ~ 9 $925,000 5.1% $918,750 -19.2% 30.3% EVERTON PARK 33 $485,029 8.5% $450,000 -0.7% 34.3% RED HILL 16 $706,250 -5.8% $680,000 5.8% 48.8% FAIRFIELD 7 N/A N/A $585,000 -5.6% 51.9% RICHLANDS 2 N/A N/A $423,500 -0.4% N/A FERNY GROVE 18 $477,650 -3.5% $480,000 3.2% 31.1% RIVERHILLS 5 N/A N/A $415,000 5.1% 40.7% FIG TREE POCKET ~ 12 $702,500 -21.1% $760,000 5.2% 50.5% ROBERTSON 11 $714,700 N/A $625,000 -0.8% 22.3% FITZGIBBON 9 N/A N/A $415,000 -0.4% 49.1% ROCKLEA 8 N/A N/A $368,000 1.5% 68.4% FOREST LAKE 97 $417,000 11.2% $379,750 -1.2% 35.6% RUNCORN 34 $420,000 -3.4% $420,000 2.4% 45.8% GAYTHORNE 10 $587,500 N/A $538,000 N/A 45.4% SALISBURY 19 $449,000 2.9% $430,000 4.9% 43.3% GEEBUNG 12 $442,500 5.4% $425,000 3.0% 49.4% SANDGATE 10 $558,750 3.5% $500,000 5.8% 31.6% GORDON PARK 12 $597,500 N/A $570,000 -9.5% 47.5% SEVEN HILLS 9 N/A N/A $580,000 1.8% 29.6% GRACEVILLE ~ 17 $600,000 -4.8% $625,250 -11.9% 29.9% SEVENTEEN MILE ROCKS ~ 11 $477,000 -7.9% $472,000 -9.7% 43.2% GRANGE ~ 9 N/A N/A $690,000 17.9% 57.7% SHERWOOD 13 $660,000 -2.9% $650,000 -4.4% 40.8% Please see page 36 for legend and further notes Issue 5 - March 2010 page 5 www.reiq.com.au
  • 6. QUEENSLAND MAR K E T MONITOR BRISBAnE CITY MEDIAN SALES DATA MEDIAN SALES DATA Suburb/ Number of Dec change 12 mths to change change Suburb/ Number of Dec change 12 mths to change change Locality Sales Dec Qtr over the end of over over Locality Sales Dec Qtr over the end of over over Qtr 2009 2009 qtr” Dec 2009 1yr” 5yrs Qtr 2009 2009 qtr” Dec 2009 1yr” 5yrs HOUSES continued UNITS & TOWNHOUSES continued SHORNCLIFFE 5 N/A N/A $650,000 8.3% N/A ELLEN GROVE 1 N/A N/A $334,000 N/A N/A SINNAMON PARK 19 $630,000 0.8% $575,000 3.1% 28.3% ENOGGERA 5 N/A N/A $391,000 -2.1% N/A ST LUCIA 13 $1,085,000 N/A $875,000 -2.8% 25.0% EVERTON PARK 13 $367,000 4.9% $352,250 0.9% 56.9% STAFFORD 23 $462,500 1.6% $452,000 -1.6% 43.5% FAIRFIELD 3 N/A N/A $432,500 N/A 19.5% STAFFORD HEIGHTS 25 $470,000 8.0% $448,900 3.2% 42.7% FOREST LAKE 2 N/A N/A $317,500 N/A N/A STRETTON 7 N/A N/A $655,000 7.2% 36.5% FORTITUDE VALLEY 49 $421,000 8.8% $402,500 7.9% 33.6% SUNNYBANK 31 $550,000 10.1% $506,000 0.4% 44.6% GAYTHORNE 12 $336,250 -3.7% $342,000 0.0% 57.2% SUNNYBANK HILLS 46 $482,500 -5.8% $450,000 4.7% 32.4% GORDON PARK 8 N/A N/A $343,750 -0.4% 38.9% TAIGUM ~ 13 $441,000 -8.7% $430,000 2.5% 28.7% GREENSLOPES 24 $379,250 4.8% $365,000 -0.1% 55.5% TARINGA 13 $800,000 -3.0% $701,000 -3.3% 41.6% HAMILTON ~ 8 N/A N/A $419,500 -9.6% 4.9% TARRAGINDI 40 $588,500 12.0% $535,000 3.9% 46.6% HAWTHORNE 7 N/A N/A $424,500 0.1% 47.9% THE GAP 53 $552,000 11.9% $518,500 -0.7% 38.3% HIGHGATE HILL 12 $407,500 -5.2% $411,250 -4.6% 46.9% TINGALPA 24 $453,000 6.6% $428,000 0.7% 41.7% INDOOROOPILLY 30 $472,500 8.6% $435,000 12.4% 40.3% TOOWONG ~ 13 $700,000 18.1% $630,000 -11.9% 34.0% KANGAROO POINT 46 $497,500 5.2% $450,000 -2.6% 23.3% UPPER KEDRON 13 $535,000 N/A $535,000 5.9% 34.3% KEDRON 10 $332,500 3.2% $322,250 -3.1% 47.1% UPPER MOUNT GRAVATT 21 $493,100 12.1% $450,000 5.4% 45.4% KELVIN GROVE 26 $413,500 1.2% $425,000 6.5% 28.8% VIRGINIA 9 N/A N/A $425,000 2.3% 32.1% KURABY 6 N/A N/A $317,000 3.9% 63.4% WAKERLEY 23 $615,000 15.3% $580,000 -3.3% 31.8% LUTWYCHE 11 $361,100 N/A $352,500 4.4% 41.0% WAVELL HEIGHTS 28 $530,250 5.0% $490,000 4.3% 42.0% MACGREGOR 5 N/A N/A $397,000 N/A N/A WEST END ~ 9 N/A N/A $725,000 -13.7% 42.2% MANLY WEST 3 N/A N/A $389,900 -2.4% 64.5% WESTLAKE ~ 20 $571,000 -6.4% $575,000 -3.0% 29.2% MCDOWALL 1 N/A N/A $417,325 N/A N/A WILSTON 8 N/A N/A $770,000 2.7% 33.9% MILTON ~ * 6 N/A N/A $400,000 -36.5% 29.0% WINDSOR 15 $680,000 13.1% $600,000 -9.1% 43.7% MOOROOKA 17 $329,000 -5.2% $330,000 0.0% 51.4% WISHART 23 $580,000 12.1% $495,000 0.2% 37.5% MORNINGSIDE ~ 28 $395,000 -10.8% $419,050 -1.4% 42.1% WOOLLOONGABBA 5 N/A N/A $555,000 -10.5% 53.3% MOUNT GRAVATT EAST 13 $360,000 2.8% $357,000 2.0% 41.7% WOOLOOWIN ~ 16 $745,000 18.3% $625,000 -5.5% 27.9% NEW FARM ~ 53 $549,000 20.3% $460,000 -3.2% 29.0% WYNNUM ~ 43 $540,000 18.0% $475,000 -6.7% 30.1% NEWMARKET 2 N/A N/A $416,000 6.4% 44.7% WYNNUM WEST 35 $430,000 -2.3% $440,000 -1.9% 41.5% NEWSTEAD * 59 $545,000 2.6% $530,000 -1.2% 43.2% YERONGA 16 $696,750 N/A $685,000 4.6% 41.2% NORMAN PARK 9 N/A N/A $468,000 N/A 61.4% ZILLMERE 27 $399,000 5.0% $378,000 -0.7% 46.8% NORTHGATE * 6 N/A N/A $410,000 17.8% 86.4% NUNDAH * 34 $380,000 -3.9% $415,000 21.9% 80.4% UNITS & TOWNHOUSES OXLEY 8 N/A N/A $358,000 N/A 40.4% BRISBANE (SD) 2,049 $381,500 4.5% $362,000 2.3% 42.5% PADDINGTON 11 $470,000 0.4% $444,000 3.3% 69.5% BRISBANE CITY (LGA) 1,488 $400,000 2.7% $386,500 1.0% 38.0% RED HILL ~ 4 N/A N/A $380,000 -7.3% 39.7% ALBION 6 N/A N/A $395,000 6.8% 59.6% RIVERHILLS 3 N/A N/A $431,500 N/A N/A ALDERLEY 8 N/A N/A $367,500 2.0% 53.8% RUNCORN 16 $345,500 1.5% $332,000 3.8% 50.9% ALGESTER 5 N/A N/A $320,000 4.2% 14.5% SHERWOOD * 14 $400,000 -16.0% $427,700 N/A 71.1% ANNERLEY ~ 20 $350,750 -8.2% $360,000 1.4% 50.6% SOUTH BRISBANE ~ * 16 $388,750 -5.2% $399,250 -8.2% 19.5% ASCOT ~ 15 $465,000 20.8% $387,500 -1.9% 40.9% SPRING HILL ~ 29 $347,500 -13.1% $390,000 5.8% 47.2% ASHGROVE 8 N/A N/A $396,500 5.7% 25.9% ST LUCIA ~ 31 $403,000 -12.4% $448,750 -1.4% 60.8% ASPLEY 5 N/A N/A $360,000 6.5% 41.5% STAFFORD ~ * 8 N/A N/A $359,350 -12.3% N/A AUCHENFLOWER 22 $438,500 11.0% $430,000 -0.9% 45.8% SUNNYBANK 2 N/A N/A $370,000 N/A 51.0% BALMORAL 4 N/A N/A $425,000 1.2% 32.8% SUNNYBANK HILLS ~ 15 $420,000 19.5% $352,500 9.6% 67.9% BARDON ~ * 11 $560,000 2.1% $530,250 N/A 39.5% TAIGUM 22 $366,250 -1.4% $344,500 6.3% 58.0% BOWEN HILLS 7 N/A N/A $418,250 -1.6% 28.7% TARINGA 28 $422,500 6.4% $399,500 8.0% 53.6% BRACKEN RIDGE 7 N/A N/A $349,750 0.0% 22.7% TINGALPA 11 $370,000 5.7% $344,500 -0.1% 53.1% BRISBANE CITY ~ * 122 $456,000 2.0% $423,500 -7.9% 10.6% TOOWONG 37 $430,650 1.3% $415,000 0.4% 43.1% BULIMBA ~ * 14 $491,750 -12.2% $508,000 6.9% 45.7% UPPER MOUNT GRAVATT 14 $348,500 -0.4% $376,500 0.4% 48.8% CALAMVALE 12 $330,000 0.1% $350,000 0.1% 67.5% WAVELL HEIGHTS 6 N/A N/A $445,000 9.9% N/A CARINA 11 $432,000 4.1% $415,000 11.1% 37.4% WEST END * 24 $504,500 -2.0% $509,000 -9.9% 64.2% CARINA HEIGHTS ~ * 23 $475,000 17.3% $447,500 4.8% 64.2% WILSTON 4 N/A N/A $387,000 N/A N/A CARINDALE * 12 $518,750 16.2% $515,000 13.8% 89.3% WINDSOR 5 N/A N/A $349,000 -0.3% 31.7% CARSELDINE 9 N/A N/A $360,000 N/A 28.6% WISHART 8 N/A N/A $352,500 2.7% 44.6% CHERMSIDE 27 $400,000 2.1% $407,500 5.8% 57.3% WOOLLOONGABBA * 13 $430,000 -1.1% $420,000 -7.3% 27.3% CLAYFIELD 21 $365,000 0.0% $358,000 -0.6% 53.6% WOOLOOWIN 6 N/A N/A $339,125 10.3% 44.3% COORPAROO 34 $375,000 -1.7% $362,250 0.6% 54.1% WYNNUM 12 $347,500 5.3% $360,000 3.3% 38.5% CORINDA 4 N/A N/A $410,000 N/A 71.5% WYNNUM WEST 11 $320,000 -1.5% $315,000 -3.1% 74.5% EAST BRISBANE * 10 $424,250 -3.4% $392,500 14.6% 41.4% YEERONGPILLY 6 N/A N/A $400,000 N/A N/A EIGHT MILE PLAINS 17 $384,500 7.3% $368,500 5.9% 66.1% YERONGA ~ 17 $381,000 -7.2% $395,250 3.7% 48.0% Please see page 36 for legend and further notes Issue 5 - March 2010 page 6 www.reiq.com.au
  • 7. QUEENSLAND MAR K E T MONITOR BRISBAnE CITY MEDIAN SALES DATA MEDIAN WEEKLY RENTS Suburb/ Number of Dec change 12 mths to change change Suburbs/ Dec Qtr 2009 Dec Qtr 2008 Postcode Locality Sales Dec Qtr over the end of over over Localities Rent New Rent New Qtr 2009 2009 qtr” Dec 2009 1yr” 5yrs ($) Bonds ($) Bonds UNITS & TOWNHOUSES continued 3 BEDROOM HOUSES ZILLMERE 27 $355,000 2.6% $349,500 10.1% 66.4% BRISBANE CITY COUNCIL AREA 370 2,792 360 2,920 Bayside 360 145 360 167 VACANT URBAN LAND 4178 Lytton/ Wynnum/ Wynnum West 360 90 350 112 BRISBANE (SD) 957 $213,000 -5.7% $215,000 6.4% 38.7% 4179 Lota/ Manly/ Manly West 380 55 380 55 BRISBANE (SD) ^ 93 $375,000 10.8% $295,000 3.5% 52.8% City Inner 445 215 450 230 BRISBANE CITY (LGA) 204 $311,500 11.3% $280,000 -1.8% 33.3% 4000 Brisbane City/ Spring Hill 500 14 500 19 BRISBANE CITY (LGA) ^ 9 N/A N/A $460,000 -8.0% 16.5% 4005 New Farm 525 19 500 18 BANYO - N/A N/A $250,000 N/A N/A 4006 Bowen Hills/ Fortitude Valley/ Herston/ Newstead 450 10 500 7 BRIDGEMAN DOWNS 8 $362,000 1.5% $349,500 6.7% 22.6% 4064 Milton/ Paddington 450 36 450 47 CALAMVALE * 10 $335,000 7.7% $293,000 22.2% 34.7% 4066 Auchenflower/ Toowong 400 35 410 37 CARSELDINE * 14 $265,500 -5.2% $280,000 6.5% N/A 4067 St Lucia n.a. 4 425 11 DOOLANDELLA 4 N/A N/A $222,000 -5.5% N/A 4101 Highgate Hill/ South Brisbane/ West End 450 37 470 34 DREWVALE * 6 $250,000 -5.3% $260,000 N/A 40.5% 4102 Buranda/ Dutton Park/ Wooloongabba 380 32 400 19 EIGHT MILE PLAINS * 10 $316,000 1.9% $315,000 -9.4% 12.5% 4169 East Brisbane/ Kangaroo Point 450 28 430 38 GUMDALE * 2 N/A N/A $323,000 17.5% N/A North - Inner 400 295 390 330 HEATHWOOD * 4 N/A N/A $238,000 -8.1% 62.5% 4007 Ascot/ Hamilton 465 20 450 22 INALA 1 N/A N/A $164,000 N/A N/A 4010 Albion 400 9 380 6 KURABY 2 N/A N/A $321,000 N/A 21.1% 4011 Clayfield/ Hendra 470 38 465 39 LOTA 1 N/A N/A $298,500 N/A N/A 4012 Nundah/ Toombul/ Wavell Heights 380 75 375 78 MACKENZIE 4 N/A N/A $314,500 10.4% N/A 4030 Lutwyche/ Windsor/ Wooloowin 400 57 430 52 MANLY WEST 1 N/A N/A $291,000 1.0% 0.3% 4031 Gordon Park/ Kedron 390 33 380 43 MITCHELTON 3 N/A N/A $332,500 N/A N/A 4051 Alderley/ Enogerra/ Newmarket/ Wilston/ etc. 395 62 380 87 MOGGILL * 8 $260,000 5.1% $245,000 2.1% 44.1% North - Outer 350 357 350 356 NUDGEE - N/A N/A $235,000 N/A N/A 4013 Northgate 350 18 360 12 OXLEY * 5 $220,000 -11.0% $245,000 N/A N/A 4014 Banyo/ Nudgee/ Virginia 350 35 360 29 RICHLANDS 4 N/A N/A $215,000 N/A N/A 4017 Bracken Ridge/ Brighton/ Deagon/ Sandgate/ etc. 350 105 340 104 SUNNYBANK * 5 $458,000 12.8% $438,000 N/A N/A 4018 Fitzgibbon/ Taigum 360 17 350 22 SUNNYBANK HILLS 2 N/A N/A $300,000 N/A 15.8% 4032 Chermside/ Chermside West 360 57 350 54 TAIGUM 5 $260,000 N/A N/A N/A N/A 4034 Aspley/ Boondall/ Carseldine/ Geebung/ Zillmere 350 107 350 111 TINGALPA 1 N/A N/A $298,000 N/A N/A 4036 Bald Hills 350 18 350 24 UPPER KEDRON 5 $320,000 N/A N/A N/A N/A North West - Inner 420 92 440 100 WAKERLEY * 22 $325,000 16.1% $280,000 N/A 24.7% 4059 Kelvin Grove/ Red Hill 450 36 460 46 WYNNUM WEST 6 $269,500 0.2% $268,500 N/A N/A 4060 Ashgrove 395 30 440 31 4065 Bardon 390 26 395 23 North West - Outer 365 218 360 210 4053 Everton Park/ McDowall/ Mitchelton/ Stafford/ etc. 360 128 360 143 4054 Arana Hills/ Keperra 360 44 340 35 4061 The Gap 390 46 380 32 South - Inner 375 368 370 350 4103 Annerley/ Fairfield 400 39 390 41 4104 Yeronga 420 16 400 15 4105 Moorooka/ Tennyson/ Yeerongpilly 375 48 370 41 Please see page 36 for legend and further notes Issue 5 - March 2010 page 7 www.reiq.com.au
  • 8. QUEENSLAND MAR K E T MONITOR BRISBAnE CITY MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS Suburbs/ Dec Qtr 2009 Dec Qtr 2008 Suburbs/ Dec Qtr 2009 Dec Qtr 2008 Postcode Postcode Localities Rent New Rent New Localities Rent New Rent New ($) Bonds ($) Bonds ($) Bonds ($) Bonds 3 BEDROOM HOUSES continued 2 BEDROOM FLATS/UNITS continued 4120 Greenslopes 400 32 380 29 North - Outer 310 175 295 185 4121 Holland Park/ Holland Park West/ Tarragindi 380 84 370 92 4013 Northgate 270 17 275 19 4122 Mansfield/ Mt Gravatt/ Wishart/ etc. 360 149 360 132 4014 Banyo/ Nudgee/ Virginia 260 6 198 14 South - Outer 350 267 340 309 4017 Bracken Ridge/ Brighton/ Deagon/ Sandgate/ etc. 300 17 250 21 4106 Rocklea 350 9 340 7 4018 Fitzgibbon/ Taigum 300 6 285 10 4107 Salisbury 350 25 350 31 4032 Chermside/ Chermside West 310 90 320 68 4108 Archerfield/ Coopers Plains 350 19 320 20 4034 Aspley/ Boondall/ Carseldine/ Geebung/ Zillmere 300 39 290 53 4109 Macgregor/ Robertson/ Sunnybank/ etc. 350 90 350 84 North West - Inner 340 125 350 107 4110 Acacia Ridge/ Willawong 330 23 310 53 4059 Kelvin Grove/ Red Hill 335 83 350 56 4112 Kuraby 350 8 340 7 4060 Ashgrove 350 36 370 46 4113 Eight Mile Plains/ Runcorn 360 57 350 62 4065 Bardon 335 6 230 5 4115 Algester/ Parkinson 355 17 340 21 North West - Outer 300 45 280 48 4116 Calamvale/ Drewvale/ Stretton 370 19 350 24 4053 Everton Park/ McDowall/ Mitchelton/ Stafford/ etc. 310 42 280 47 South East - Inner 400 332 390 332 South - Inner 310 379 300 366 4151 Coorparoo 395 33 400 50 4103 Annerley/ Fairfield 310 100 295 98 4152 Camp Hill/ Carina/ Carina Heights/ Carindale 380 144 385 126 4104 Yeronga 320 35 300 26 4170 Cannon Hill/ Morningside/ Norman Park/ etc. 420 99 380 98 4105 Moorooka/ Tennyson/ Yeerongpilly 290 48 280 40 4171 Balmoral/ Bulimba/ Hawthorne 440 39 440 42 4120 Greenslopes 310 93 310 92 4172 Murarrie 380 17 380 16 4121 Holland Park/ Holland Park West/ Tarragindi 300 32 295 33 South East - Outer 375 48 360 52 4122 Mansfield/ Mt Gravatt/ Wishart/ etc. 360 64 350 73 4153 Belmont 365 8 380 7 South - Outer 300 45 320 36 4154 Gumdale/ Ransome/ Wakerley 440 5 400 8 4109 Macgregor/ Robertson/ Sunnybank/ etc. 385 23 385 21 4173 Tingalpa 370 26 350 25 South East - Inner 330 332 330 383 4174 Hemmant 330 6 345 11 4151 Coorparoo 310 134 310 149 South West - Inner 380 138 380 116 4152 Camp Hill/ Carina/ Carina Heights/ Carindale 340 31 330 40 4068 Chelmer/ Indooroopilly/ Taringa 395 60 390 37 4170 Cannon Hill/ Morningside/ Norman Park/ etc. 345 86 330 96 4075 Corinda/ Graceville/ Oxley/ Sherwood 370 78 370 79 4171 Balmoral/ Bulimba/ Hawthorne 375 81 350 98 South West - Outer 330 317 330 368 South East - Outer 285 8 285 12 4069 Brookfield/ Chapel Hill/ Fig Tree Pocket/ etc. 395 42 380 46 4173 Tingalpa 285 7 280 7 4070 Anstead/ Bellbowrie/ Moggill 350 10 320 11 South West - Inner 350 196 350 188 4073 Seventeen Mile Rocks/ Sinnamon Park 380 12 380 12 4068 Chelmer/ Indooroopilly/ Taringa 360 145 360 157 4074 Jindalee/ Mt Ommaney/ Sumner/ Westlake/ etc. 360 62 350 65 4075 Corinda/ Graceville/ Oxley/ Sherwood 300 51 270 31 4076 Darra/ Wacol 300 24 310 45 South West - Outer 325 17 325 15 4077 Doolandella/ Durack/ Inala/ Richlands 290 65 280 57 4078 Ellen Grove/ Forest Lake 330 9 335 6 4078 Ellen Grove/ Forest Lake 330 102 330 132 2 BEDROOM TOWNHOUSES 2 BEDROOM FLATS/UNITS BRISBANE CITY COUNCIL AREA 345 314 340 218 BRISBANE CITY COUNCIL AREA 355 3,550 350 3,634 Bayside 350 5 340 6 Bayside 300 50 275 37 City Inner 420 39 450 25 4178 Lytton/ Wynnum/ Wynnum West 305 35 280 26 North - Inner 350 50 330 46 4179 Lota/ Manly/ Manly West 265 15 265 11 North - Outer 320 43 295 24 City Inner 440 1,529 430 1,581 North West - Inner 365 10 n.a. 1 4000 Brisbane City/ Spring Hill 540 297 510 302 North West - Outer 320 18 300 20 4005 New Farm 410 183 390 206 South - Inner 330 45 320 16 4006 Bowen Hills/ Fortitude Valley/ Herston/ Newstead 445 286 450 300 South - Outer 320 24 310 16 4064 Milton/ Paddington 360 62 360 63 South East - Inner 350 62 340 41 4066 Auchenflower/ Toowong 365 176 360 177 South East - Outer ^ n.a. 1 n.a. 2 4067 St Lucia 370 73 360 88 South West - Inner 370 12 395 15 4101 Highgate Hill/ South Brisbane/ West End 450 237 450 205 South West - Outer ^ 350 5 295 6 4102 Buranda/ Dutton Park/ Wooloongabba 400 39 350 46 4169 East Brisbane/ Kangaroo Point 425 176 440 194 North - Inner 320 649 320 676 4007 Ascot/ Hamilton 330 122 340 96 4010 Albion 355 21 340 26 4011 Clayfield/ Hendra 320 115 310 132 4012 Nundah/ Toombul/ Wavell Heights 325 122 330 146 4030 Lutwyche/ Windsor/ Wooloowin 295 104 295 100 4031 Gordon Park/ Kedron 305 57 300 59 4051 Alderley/ Enogerra/ Newmarket/ Wilston/ etc. 330 108 310 117 Please see page 36 for legend and further notes Issue 5 - March 2010 page 8 www.reiq.com.au