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REIQ 
ISSUE 23 
QUEENSLAND MARKET MONITOR ISSUE 23 
JUNE QTR 2014 
SEQ HOUSE 
MARKET TAKES 
THE LEAD 
Sales activity across Queensland over the June quarter 
was up across all property types with increases in 
preliminary sales for house, units and townhouses; and 
an impressive 37 per cent in vacant land sales. 
This increase in sales activity was predominantly 
recorded in the southeastern corner of the state. The 
Brisbane Local Government Area led the charge with an 
increase of 19 per cent, closely followed by Logan, which 
was up 18 per cent. 
Key sales market indicators also point to Brisbane’s 
unusually robust winter sales being replicated in a 
number of real estate markets throughout the State amid 
increasing demand, sales volumes and prices. 
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REIQ 
TABLE OF CONTENTS 
2 QUEENSLAND MARKET MONITOR 
HOUSE MARKET 
The strongest performing sectors of the Brisbane 
house market were at opposite ends of the spectrum, 
with increases in the sub-$350,000 and $1 million price 
brackets helping the city to its fifth consecutive quarter of 
growth. 
On the Gold and Sunshine Coasts, sales activity remained 
relatively stable over the quarter amid rebounding 
confidence in both markets. The Gold Coast median house 
price rose three per cent to $515,000 over the June quarter, 
with median prices on the Sunshine Coast up 0.2 per cent 
to $468,000. 
The Gold Coast’s prestige acreage market also had a 
strong June quarter, while the new smaller council area of 
Noosa recorded very strong growth, with house sales up 
22 per cent. 
Toowoomba continued its five year trajectory of growth, 
with sales activity in the Garden City up five per cent for 
the June quarter on the back of a thriving local economy 
and strong buyer activity. 
Sales in Queensland’s other two major tourism centres - 
the Fraser Coast and Cairns - also fared well in the June 
quarter, with house sales up seven per cent and four per 
cent respectively. 
While the state’s total house sales were up across all price 
points, the upper end of the market continued to perform 
strongest. Sales in the million dollar plus price point were 
up 28 per cent across Queensland, along with an increase 
of 20 per cent in the $500,000-plus range. 
Million dollar sales in the unit market also strengthened, 
with preliminary sales numbers across Queensland up 
around 10 per cent. 
Some of the best news to emerge is that we are beginning 
to see markets stabilising in Rockhampton, Gladstone and 
Mackay. 
These three regional centres saw their house markets 
peak between late 2011 and early 2012. However, sales 
activity has been slowly decreasing ever since - except for 
a brief spike in sales when the stamp duty exemption for 
principal places of residence was reinstated in July 2012. 
Rockhampton is faring best of these three regional 
centres, with some particularly encouraging signs 
beginning to emerge at the lower end of its house market. 
Sales volumes in Gladstone recovered in the June quarter, 
posting a seven per cent increase. 
Mackay’s house market recorded the largest decline in 
sales activity, down 24 per cent compared to the March 
quarter, while the median house price eased just 2.5 
per cent. 
Queensland market update 1 
State-Wide Summary (cont’d) 2 
REIQ Explanatory notes 5 
Brisbane market updates 
Brisbane City 6 
Greater Brisbane 11 
Regional market updates 
Gold Coast 16 
Toowoomba 19 
Sunshine Coast 21 
Fraser Coast 23 
Bundaberg 25 
Gladstone 27 
Rockhampton 28 
Mackay 30 
Townsville 32 
Cairns 34 
Other Regional 36 
On The Market Indicators 37 
Total Listings 
% Stock on Market 
Average Vendor Discount 
Average Days on Market 
Rental Market Indicators 38 
Gross rental yields 
Residential vacancy rates 
STATE-WIDE 
SUMMARY CONTINUED 
... we are 
beginning to 
see markets 
stabilising in 
Rockhampton, 
Gladstone and 
Mackay.
3 
STATE-WIDE SUMMARY 
QUEENSLAND UNIT SALES (p) 
QUEENSLAND UNIT SALES (p) 
QUEENSLAND UNIT SALES (p) 
MAR 14 JUN 14 
12MTHS 
ENDING MAY-14 HOUSES (ALL) UNITS (ALL) 
AVERAGE 
VENDOR 
DISCOUNT 
SALES 
MAKING 
PROFIT 
DAYS ON 
MARKET 
SOUTHEAST QLD 
BRISBANE CITY 6.4% 59 -5.6% 6.3% 70 -4.9% 
IPSWICH 6.8% 85 -6.7% 10.5% 132 -6.9% 
LOGAN 7.1% 77 -5.8% 10.8% 98 -6.7% 
MORETON BAY 7.3% 74 -5.6% 9.1% 106 -5.8% 
REDLAND 8.4% 71 -5.7% 9.5% 92 -5.4% 
GOLD COAST 8.0% 74 -6.1% 9.1% 95 -7.1% 
SUNSHINE COAST # 9.2% 91 -6.0% 9.7% 107 -6.5% 
REGIONAL QLD 
BUNDABERG 8.5% 83 -7.0% 11.1% 125 -7.4% 
CAIRNS # 6.8% 75 -6.1% 8.0% 101 -7.8% 
FRASER COAST 9.4% 110 -7.5% 10.7% 133 -7.4% 
GLADSTONE 7.9% 117 -9.8% 8.3% 130 -11.9% 
MACKAY 7.4% 91 -8.5% 8.3% 122 -11.1% 
ROCKHAMPTON # 8.4% 91 -7.7% 10.5% 108 -6.4% 
TOOWOOMBA 8.5% 64 -4.6% 9.1% 74 -4.3% 
TOWNSVILLE 7.1% 89 -7.4% 10.5% 126 -9.6% 
JUNE QUARTER 2014 
QUEENSLAND - PRICEPOINTS 
QUEENSLAND HOUSE SALES (p) 
QUEENSLAND HOUSE SALES (p) 
QUEENSLAND HOUSE SALES (p) 
MAR 14 JUN 14 
MAR 14 JUN 14 
MAR 14 JUN 14 
QUEENSLAND LAND SALES (p) 
QUEENSLAND LAND SALES (p) 
QUEENSLAND LAND SALES (p) 
MAR 14 JUN 14 
MAR 14 JUN 14 
MAR 14 JUN 14 
SEE PAGE 37 FOR FULL ON THE MARKET 
STATISTICS BY LOCAL GOVERNMENT AREA 
2865 
3576 
2896 
299 
3218 
3826 
3485 
383 
<$350,000 $350,000+ $500,000+ $1m+ 
(p) Preliminary sales. Source: REIQ, data provided by RP Data. 
858 
MAR 14 JUN 14 
MAR 14 JUN 14 
1354 1411 
811 
107 
991 
1579 
1713 
951 
120 
<$250,000 $250,000+ $350,000+ $500,000+ $1m+ 
(p) Preliminary sales. Source: REIQ, data provided by RP Data. 
791 
195 
84 29 4 
1122 
214 
112 
46 15 
<$250,000 $250,000+ $350,000+ $500,000+ $1m+ 
(p) Preliminary sales. Source: REIQ, data provided by RP Data. 
QUEENSLAND - PRICEPOINTS 
2865 
3576 
2896 
299 
3218 
3826 
3485 
383 
<$350,000 $350,000+ $500,000+ $1m+ 
(p) Preliminary sales. Source: REIQ, data provided by RP Data. 
858 
1354 1411 
811 
107 
991 
1579 
1713 
951 
120 
<$250,000 $250,000+ $350,000+ $500,000+ $1m+ 
(p) Preliminary sales. Source: REIQ, data provided by RP Data. 
791 
195 
84 29 4 
1122 
214 
112 
46 15 
<$250,000 $250,000+ $350,000+ $500,000+ $1m+ 
(p) Preliminary sales. Source: REIQ, data provided by RP Data. 
QUEENSLAND - PRICEPOINTS 
2865 
3576 
2896 
299 
3218 
3826 
3485 
383 
<$350,000 $350,000+ $500,000+ $1m+ 
(p) Preliminary sales. Source: REIQ, data provided by RP Data. 
858 
1354 1411 
811 
107 
991 
1579 
1713 
951 
120 
<$250,000 $250,000+ $350,000+ $500,000+ $1m+ 
(p) Preliminary sales. Source: REIQ, data provided by RP Data. 
791 
195 
84 29 4 
1122 
214 
112 
46 15 
<$250,000 $250,000+ $350,000+ $500,000+ $1m+ 
(p) Preliminary sales. Source: REIQ, data provided by RP Data. 
LGA 
% STOCK 
ON 
MARKET 
DAYS ON 
MARKET 
AVERAGE 
VENDOR 
DISCOUNT 
JUNE QUARTER 2014 HOUSES (<2400) UNITS & TOWNHOUSES VACANT LAND (<2400) 
LGA MEDIAN 
SALE PRICE 
QTRLY 
CHANGE 
SALES 
ACTIVITY 
TREND 
MEDIAN 
SALE PRICE 
QTRLY 
CHANGE 
SALES 
ACTIVITY 
TREND 
MEDIAN 
SALE PRICE 
QTRLY 
CHANGE 
SALES 
ACTIVITY 
TREND 
SOUTHEAST QLD 
BRISBANE (SD) $470,000 2.2% UP $390,000 1.3% UP $215,700 -1.5% UP 
BRISBANE CITY $575,000 2.7% UP $417,500 0.6% UP $335,750 4.9% UP 
IPSWICH $300,000 -0.6% UP $289,900 26.0% * t UP $175,000 1.7% UP 
LOGAN $344,250 -2.2% UP $230,000 1.1% STEADY $195,000 -0.3% UP 
MORETON BAY $387,500 1.4% UP $320,000 3.7% UP $215,000 1.6% UP 
REDLAND $469,000 2.0% STEADY $335,000 3.9% UP $70,000 75.0% ~ b DOWN 
GOLD COAST $515,000 3.0% STEADY $350,000 0.0% UP $235,000 1.7% UP 
SUNSHINE COAST # $468,000 0.2% STEADY $348,950 -0.2% STEADY $235,000 2.6% UP 
REGIONAL QLD 
BUNDABERG $284,000 5.4% ~ STEADY $267,500 14.1% ~ DOWN $144,000 12.9% UP 
CAIRNS # $381,000 0.3% STEADY $222,000 5.7% ~ f UP $170,000 -7.1% DOWN 
FRASER COAST $285,000 -5.0% ~ UP $255,000 -5.6% ~ STEADY $130,000 -13.3% f UP 
GLADSTONE $390,000 -6.6% ~ STEADY $330,000 2.2% STEADY $170,000 -12.8% STEADY 
MACKAY $395,000 -2.5% DOWN $305,000 -3.5% * STEADY $193,000 -13.1% UP 
ROCKHAMPTON # $316,500 -1.1% DOWN $417,369 45.2% * f STEADY $170,500 N/A ~ UP 
TOOWOOMBA $336,000 3.4% UP $272,250 0.8% * STEADY $160,834 -6.5% * UP 
TOWNSVILLE $360,000 -1.1% DOWN $270,000 1.9% UP $156,000 -6.0% UP
STATE-WIDE SUMMARY 
(-) steady (u) up (d) down * change greater than $20 
" Median rents for 2-bed townhouses 
4 QUEENSLAND MARKET MONITOR 
UNIT MARKET 
Brisbane unit and townhouse sales are rising strongly, 
with a steady pipeline of townhouse developments 
contributing to a 20 per cent rise in sales in the 
June quarter. 
The Gold Coast saw a strong increase in sales, which 
rose 10 per cent in the June quarter. The Sunshine Coast 
market is also on an upward spiral, with sales up 39 per 
cent in the last 12 months. Noosa posted strong growth, 
with unit and townhouse sales up 31 per cent. 
The two standout regions for unit and townhouse sales 
were Ipswich and Townsville, with sales up 40 per cent and 
37 per cent respectively. 
Unit and townhouse sales rose on the Fraser Coast, 
with most activity occurring in the $250,000 to $350,000 
price bracket, fuelled by strong demand for waterfront 
properties. 
Bundaberg’s unit and townhouse market eased in the 
June quarter, with conditions also subdued in Gladstone 
and Mackay. However, sales in Rockhampton rose two 
per cent, spurred by sales in the $250,000 to $350,000 
price bracket. 
Toowoomba unit sales rose three per cent in the June 
quarter, with Cairns recording healthy sales growth of 17 
per cent. 
RENTAL MARKET 
While SEQ and the tourism centres continue to exhibit 
tight rental conditions with vacancy rates remaining below 
the healthy market level of 3.5 per cent, these markets are 
beginning to show increasing vacancies. 
Our regional centres continue to struggle, particularly 
those in the mining areas where FIFO employees have 
become an increasing trend, meaning significantly 
reduced demand for local rental properties. Median rents 
from the RTA continue to soften in the likes of Gladstone, 
Rockhampton and Mackay. 
Toowoomba however continues record strong property 
market conditions both in sales and rentals, with 
increased investor activity reported. 
Our tourism centres continue to go from strength to 
strength and despite increasing activity in their sales 
markets, their rental markets still remain some of the 
tightest across the state 
Gross yields for a number of regions were down in the 
June quarter on the back of easing median rents. In 
Brisbane, strong median house price growth relative to 
stable median rents, saw the overall gross yield fall to 3.7 
per cent. 
SEE PAGE 38 FOR FULL RENTAL MARKET STATISTICS BY 
LOCAL GOVERNMENT AREA 
(-) steady (u) up (d) down * change greater than 0.5 pts 
(-) steady (u) up (d) down * change greater than 0.5 pts 
STATE-WIDE 
SUMMARY CONTINUED 
VACANCY RATES 
LGA 30-JUN-14 TREND 
SOUTH EAST QLD 
BRISBANE CITY 2.4% STEADY 
IPSWICH CITY 3.0% UP 
LOGAN CITY 2.8% UP 
MORETON BAY 1.7% STEADY 
REDLAND CITY 1.5% STEADY 
GOLD COAST CITY 1.7% DOWN 
SUNSHINE COAST# 1.1% STEADY 
REGIONAL QLD 
BUNDABERG 4.0% DOWN 
CAIRNS# 2.0% STEADY 
FRASER COAST 2.5% STEADY 
GLADSTONE 5.6% DOWN 
MACKAY 6.8% DOWN 
ROCKHAMPTON# 4.8% DOWN 
TOOWOOMBA 1.5% STEADY 
TOWNSVILLE CITY 5.4% UP 
MEDIAN WEEKLY RENTS - JUN-14 
LGA 3 BED H 2 BED F 3 BED T 
SOUTH EAST QUEENSLAND 
BRISBANE CITY $410 $0 $395 $5 $400 -$5 
IPSWICH CITY $300 $10 $255 $15 $310 $5 
LOGAN CITY $335 $5 $265 $15 $335 $10 
MORETON BAY $340 $10 $270 $0 $330 $0 
REDLAND CITY $380 $0 $325 $30 $385 $5 
GOLD COAST CITY $430 $10 $360 $10 $380 $5 
SUNSHINE COAST# $400 $20 $330 $20 $370 $0 
REGIONAL QLD 
BUNDABERG $285 $0 $225 -$5 $300 $20 
CAIRNS# $350 $20 $275 $10 $250" $0 
FRASER COAST $280 $10 $240 $15 $310 $10 
GLADSTONE $330 -$150 $280 -$140 $360 -$160 
MACKAY $350 -$80 $275 -$75 $370 -$80 
ROCKHAMPTON $300 -$50 $240 -$30 N.A. N.A. 
TOOWOOMBA $300 $5 $250 $20 $320 $25 
TOWNSVILLE CITY# $330 -$10 $270 -$10 $270" -$10 
GROSS RENTAL YIELDS - JUN-14 
LGA HOUSES UNITS 
SOUTH EAST QUEENSLAND 
BRISBANE CITY 3.7% DOWN 4.9% STEADY 
IPSWICH CITY 5.2% STEADY 4.6% UP* 
LOGAN CITY 5.1% STEADY 6.0% STEADY 
MORETON BAY 4.6% STEADY 4.4% DOWN 
REDLAND CITY 4.2% STEADY 5.0% STEADY 
GOLD COAST CITY 4.3% STEADY 5.3% STEADY 
SUNSHINE COAST 4.4% STEADY 4.9% UP* 
REGIONAL QLD 
BUNDABERG 5.2% UP 4.4% DOWN 
CAIRNS 4.8% STEADY 6.4% UP* 
FRASER COAST 5.1% DOWN 4.9% DOWN 
GLADSTONE 4.4% STEADY 4.4% N/A 
MACKAY 4.6% DOWN 4.7% UP* 
ROCKHAMPTON 4.9% STEADY 3.0% DOWN* 
TOOWOOMBA 4.6% DOWN 4.8% DOWN* 
TOWNSVILLE CITY 4.8% STEADY 5.2% DOWN*
REIQ RESEARCH EXPLANATORY NOTES 
SALES DATA 
All figures for the most recent quarterly and yearly periods 
are preliminary only and subject to further revision as 
additional sales records become available (see Research 
Methodology online at reiq.com). 
As of the June quarter 2013, all sales data includes 
"Recent Sales" as advised by real estate agents as 
well as official records as advised by DNRM. As such 
comparisons with figures published prior to the June 
quarter 2013 should be done with caution. 
A median sale price is derived by arranging a set of sale 
prices from lowest to highest and then selecting the 
middle value within this set (ie the 50th percentile, where 
half of recorded sales were less and half were higher than 
the median). 
Only suburbs and regions to record sufficient sales 
numbers are published. 
JUNE QUARTER 2014 5 
N/A 
Due to insufficient sales numbers (as at the time of data 
extraction) no median sale price has been calculated 
(LGA) Local Government Area 
Brisbane 
(SD) 
Brisbane Statistical Division which comprises the LGA’s 
of Brisbane City, Ipswich City, Logan City, Moreton Bay 
Regional and Redland City 
# Figures based upon the new council boundaries 
^ 
Indicates acreage sales only (with land size greater than 
2400m2). All other data is based upon sales with a land 
size of less than 2400 m2 
~ 
Median price changes influenced by varying quality of 
stock sold 
* 
Median price changes influenced by varying quantities 
of new properties sold 
f 
Median price changes influenced by varying quantities 
of waterfront properties sold 
t 
Medians affected by varying quantities of townhouses 
sold 
G 
Sales volumes and median affected by QLD government 
sales in the area eg ULDA, NRAS sales. 
Y Median affected by high yielding property sales 
1 
Median price changes influenced by the varying 
volumes of sales between the Mainland and Bay Islands 
areas 
RENTAL DATA 
All median weekly rents are published on a postcode 
basis, as calculated by the Residential Tenancies 
Authority, where sufficient data is available. 
Caution should be exercised when interpreting any 
median rental price data based upon a relatively small 
number of new bond lodgements. 
Figures for the new LGA's available for the current 
quarter only. 
L 
Listed localities (or suburbs) represent one of potentially 
several that fall within that postcode. 
N.A. 
Due to insufficient new bond lodgements, no median 
rental price has been calculated 
Source: Residential Tenancies Authority, Rental Bond lodgements 
(www.rta.qld.gov.au) 
PRICE POINT GRAPHS 
All data contained within these graphs represent 
preliminary sales numbers and are subject to revision as 
additional sales records become available. 
The data excludes any recent sales transactions where the 
contract sale price was not disclosed. 
The intention of these graphs is to gauge trends in sales 
activity between periods in lieu of actual final sales results 
Source: REIQ, data obtained from RPData (www.rpdata.com.au). Enquiries 
about the reproduction of part or all of the information should be directed 
to the Corporate Affairs Division, REIQ. 
GROSS RENTAL YIELDS 
House yields are based upon REIQ median house prices 
and RTA weighted median weekly rent for houses. 
Unit yields are based upon REIQ median unit & 
townhouse prices and RTA weighted median weekly rent 
for units and townhouses. 
VACANCY RATES 
All figures are based upon all residential rentals as at 
the end of each quarterly period, as submitted by REIQ 
accredited agents. 
A vacancy rate of 3 per cent is generally considered to 
indicate equilibrium of supply and demand within a 
rental market. 
N/A 
Due to insufficient information received no vacancy rate 
has been calculated 
Source: REIQ Residential Rental Survey 
ON THE MARKET INDICATORS 
At the time of publication, latest information available 
was for the 12 months ending the month prior to the 
current period. 
"Days on Market" is calculated as the average number of 
days it has taken to sell those properties sold by private 
treaty sale during the 12 month period. The calculation 
excludes auction listings and listings where an asking 
price is not advertised. The days on market calculation 
uses the contract date on the property compared with the 
first advertised date. 
"Vendor Discount" is the average difference between the 
contract price on a property and the first advertised price. 
The figure is expressed as a percentage and is an average 
of all private treaty sales which sold for less than their 
initial asking price during the last 12 months. Auction 
listings and listings without an advertised asking price 
are excluded from the calculation. 
"Total Listings" is the total unique number of properties 
that have been advertised for sale and captured by 
RP Data over the 12 month period. To be included 
in the count, the listings have to be matched to an 
actual address. 
"% Stock on Market" is the percentage of dwellings within 
the suburb or local government area that have been listed 
for sale over the past year. 
Source: RP Data (www.rpdata.com.au)
BRISBANE MARKET UPDATES 
p) Preliminary. Source: REIQ, BRISBANE 
6 QUEENSLAND MARKET MONITOR 
112 
BRISBANE CITY HOUSE SALES (p) 
722 
MAR 14 JUN 14 
1401 
770 
1840 
166 164 
235 
<$350,000 $350,000+ $500,000+ $1m+ 
p) Preliminary. Source: REIQ, 44 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
BRISBANE SURROUNDS HOUSE SALES (p) 
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND 
BRISBANE CITY UNIT SALES (p) 
973 972 
MAR 14 JUN 14 
MAR 14 JUN 14 
860 
409 
18 
1154 1157 
472 
18 
363 
454 
<$350,000 $350,000+ $500,000+ $1m+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
p) Preliminary. GOLD COAST HOUSE SALES (p) 
Source: REIQ, BRISBANE SURROUNDS MAR 14 JUN UNIT 14 
SALES (p) 
INCLUDES BRISBANE IPSWICH, LOGAN, CITY MORETON LAND BAY SALES & REDLAND 
(p) 
480 MAR 480 
14 490 
JUN 14 
548 
MAR 14 JUN 14 
70 
65 77 
84 
13 
<$350,000 $350,000+ $500,000+ $1m+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
81 
GOLD COAST UNIT SALES (p) 
SUNSHINE COAST & NOOSA HOUSE SALES (p) 
BRISBANE SURROUNDS LAND SALES (p) 
MAR 14 JUN 14 
Includes IPSWICH, LOGAN, MORETON BAY & REDLAND 
MAR 14 JUN 14 
437 
MAR 14 JUN 14 
311 
31 
79 
440 
346 
37 
<$350,000 $350,000+ $500,000+ $1m+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
((p) Preliminary. Source: REIQ, (p) Preliminary. Source: REIQ, (p) Preliminary. Source: REIQ, 330 
651 
371 
57 30 
45 
<$250,000 $250,000+ $350,000+ $500,000+ $1m+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
182 
207 
99 
43 
3 
197 
260 
111 
46 
5 
<$250,000 $250,000+ $350,000+ $500,000+ $1m+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
235 
447 
391 
241 
46 
273 
520 
451 
290 
36 
<$250,000 $250,000+ $350,000+ $500,000+ $1m+ 
further information. 
79 
GOLD COAST LAND SALES (p) 
SUNSHINE COAST & NOOSA UNIT SALES (p) 
181 
MAR 14 JUN 14 
MAR 14 JUN 14 
164 
109 
23 
105 
197 
177 
105 
27 
<$250,000 $250,000+ $350,000+ $500,000+ $1m+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
((p) Preliminary. Source: REIQ, (p) Preliminary. Source: REIQ, (p) Preliminary. Source: REIQ, 59 
38 
9 
43 40 40 
31 
<$250,000 $250,000+ $350,000+ $500,000+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
53 
21 
5 
71 
36 
3 
$250,000+ $350,000+ $500,000+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
64 
26 
5 6 
88 
33 
8 
16 
<$250,000 $250,000+ $350,000+ $500,000+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
50 
SUNSHINE COAST & NOOSA LAND SALES (p) 
71 
MAR 14 JUN 14 
35 
p) Preliminary. Source: REIQ, ((p) Preliminary. Source: REIQ, (CITY 
Over the June quarter 2014, the Brisbane residential 
property market recorded a strong increase in sales activity 
for a second year running. 
With June quarter sales numbers typically declining and 
buyer and vendor activity at its lowest during the cooler 
months of the year, these results are strong indicators of 
continued growth in Brisbane’s housing market. 
Increasing median prices along with lower days on market 
and reduced average vendor discounting are further signs 
that the Brisbane market is into recovery phase. 
HOUSE MARKET 
In Brisbane’s house market, it was the sub-$350,000 price 
bracket that was the star performer, up 48 per cent, with 
the million-dollar-plus price bracket coming second, up 43 
per cent. In sales volumes terms however, the $500,000- 
plus bracket continues to account for the majority of sales 
(about 60 per cent) and was up 30 per cent compared to 
the March quarter. 
Brisbane’s overall median house sale price was up 2.7 per 
cent to $575,000. Since holding steady over the previous 
few years, Brisbane’s median house price has been 
trending upwards for five consecutive quarters now, with 
this June quarter being the second strongest increase 
to date. 
Days on market for houses are down from an average 90 
twelve months ago to 59 for the year ending May, making 
the Brisbane house market the fastest selling of all 
major regions. 
Top performing suburbs were mixed with the likes of 
Camp Hill, Paddington and Inala topping the list with over 
20 extra house sales compared to the March quarter. 
Demand for prestige property isn’t limited to the riverside 
suburbs, with acreage sales seeing the suburbs of 
Burbank and Chandler break the million dollar mark. 
Only five suburbs in Brisbane recorded a median over $1 
million for the year ending June. 
UNIT MARKET 
Brisbane’s unit and townhouse market, which typically 
lags the house market by around six months, has now 
joined the rising market with preliminary sales numbers 
up 20 per cent over the June quarter. 
Strong sales activity was recorded in the $350,000-plus 
and sub-$250,000 price points, which were both up around 
30 per cent, while the million-dollar-plus market saw 45 
preliminary sales recorded, up from 30 during the March 
quarter. 
While the inner city apartment market has attracted a lot 
of attention, top sales activity over the year to June was 
largely found outside of inner Brisbane with eight out of 
the ten top performing suburbs located in the middle to 
outer ring suburbs. 
The high-rise unit market in Chermside continues to grow 
in popularity while new townhouse complexes at Wynnum 
West, Carina and Nundah have contributed to strong 
sales volumes. 
Meanwhile the acreage suburb of Ellen Grove recorded 
strong sales in a new townhouse development, a sign that 
infill development is likely to become an increasing trend 
as developable land close to the CBD becomes scarce. 
RENTAL MARKET 
At the end of June Brisbane’s rental market recorded 
a vacancy rate or 2.4 per cent, up slightly from the end 
of March. 
Inner Brisbane’s vacancy rate was up 0.3 percentage 
points to 3.4 per cent, with listings spending more than 4 
weeks on the market and less than 2 applicants per rental 
listing. Meanwhile Brisbane’s middle to outer suburbs 
tightened slightly to 1.7 per cent, with time on market 
largely 2 to 4 weeks and 2 to 5 applicants per listing. 
Demand for rental properties outside of the inner city is 
said to be largely driven by affordability issues which are 
seeing more tenants move further out, which on top of the 
increased investor activity is adding to the available rental 
stock in the inner suburbs.
BRISBANE MARKET UPDATES 
JAMBOREE HEIGHTS 11 $470,000 N/A $437,500 9.4% 5.9% 
JINDALEE 20 $483,250 5.6% $470,000 1.0% 4.8% 
KANGAROO POINT 9 N/A N/A $725,000 12.4% 12.2% 
KARANA DOWNS 7 N/A N/A $384,000 -4.0% -0.3% 
KARANA DOWNS ^ 4 N/A N/A $453,000 0.7% 0.1% 
KEDRON ~ 31 $640,000 7.6% $600,000 17.4% 25.0% 
KELVIN GROVE 15 $713,500 N/A $695,000 8.6% 13.8% 
KENMORE 35 $565,000 -4.2% $570,000 6.9% 16.1% 
KENMORE HILLS 5 N/A N/A $663,500 N/A N/A 
KEPERRA 19 $439,000 -2.4% $433,000 6.9% 8.6% 
KURABY 20 $553,250 -0.3% $570,000 7.5% 17.5% 
LOTA 19 $525,000 N/A $510,500 -3.7% 14.2% 
MACGREGOR 16 $615,000 1.3% $587,500 11.4% 23.7% 
MACKENZIE 4 N/A N/A $641,944 4.8% N/A 
MANLY ~ 7 N/A N/A $670,000 16.5% 17.6% 
MANLY WEST ~ 34 $483,750 -6.1% $486,250 4.6% 8.1% 
MANSFIELD 32 $585,000 3.5% $536,750 12.6% 21.4% 
MCDOWALL 16 $589,750 -4.1% $556,000 0.2% 12.4% 
MIDDLE PARK 12 $540,000 N/A $525,000 7.4% 9.4% 
MITCHELTON 27 $541,000 -2.3% $540,500 7.0% 16.2% 
MOGGILL 11 $515,000 N/A $506,250 4.4% 8.9% 
MOOROOKA 40 $550,000 3.8% $525,000 5.2% 15.5% 
MORNINGSIDE ~ 38 $619,000 -7.6% $620,000 6.0% 22.5% 
MOUNT CROSBY ^ 4 N/A N/A $550,000 10.0% 6.8% 
MOUNT GRAVATT ~ 20 $554,500 -7.6% $555,000 12.1% 18.5% 
MOUNT GRAVATT EAST 30 $540,000 -5.4% $535,000 13.8% 24.4% 
MOUNT OMMANEY 4 N/A N/A $765,000 N/A N/A 
MURARRIE 9 N/A N/A $535,000 13.8% 17.6% 
NEW FARM ~ 20 $1,300,000 17.6% $1,250,000 28.9% 44.9% 
NEWMARKET 10 $899,500 N/A $717,500 7.7% 17.2% 
NORMAN PARK 25 $770,893 8.0% $732,500 9.3% 18.1% 
NORTHGATE ~ 18 $620,000 12.5% $553,000 6.3% 15.8% 
NUDGEE ~ 25 $570,000 15.7% $553,500 6.4% 22.5% 
NUNDAH ~ 16 $707,500 15.9% $618,000 1.3% 23.7% 
OXLEY 27 $475,000 6.7% $460,000 4.5% 12.2% 
PADDINGTON ~ 44 $890,000 -10.1% $890,000 13.2% 33.8% 
PARKINSON 26 $547,500 -0.5% $549,000 7.5% 18.4% 
PULLENVALE ^ ~ 6 N/A N/A $918,000 -2.9% -10.9% 
RED HILL 22 $730,000 2.8% $720,000 9.7% 15.7% 
RIVERHILLS 16 $432,000 N/A $432,000 5.6% 8.3% 
ROBERTSON ~ 11 $695,000 -11.4% $710,000 -1.8% 15.3% 
ROCHEDALE 5 N/A N/A $742,000 N/A N/A 
ROCKLEA 6 N/A N/A $335,000 11.7% -6.4% 
RUNCORN 34 $518,000 7.4% $463,100 7.1% 14.3% 
SALISBURY 19 $500,000 3.1% $475,000 9.5% 15.9% 
SANDGATE ~ f 18 $471,000 -24.0% $560,000 9.8% 21.7% 
SEVEN HILLS 11 $717,000 N/A $641,000 7.1% 23.3% 
SEVENTEEN MILE ROCKS ~ 10 $487,500 -22.8% $607,000 12.0% 34.1% 
SHERWOOD ~ 18 $770,000 21.8% $725,500 5.6% 9.9% 
SHORNCLIFFE ~ 4 N/A N/A $730,000 17.7% 14.1% 
SINNAMON PARK 9 N/A N/A $580,000 3.2% 0.9% 
SPRING HILL ~ 10 $1,025,000 N/A $928,500 15.0% N/A 
ST LUCIA 13 $908,000 N/A $970,000 8.2% 19.7% 
STAFFORD 33 $545,000 9.0% $500,000 10.6% 11.1% 
STAFFORD HEIGHTS 32 $492,500 -0.7% $496,000 9.3% 15.9% 
STRETTON ~ 11 $675,000 -20.7% $675,000 2.5% 8.2% 
SUNNYBANK 36 $601,000 -1.9% $595,000 14.0% 19.0% 
SUNNYBANK HILLS ~ 47 $622,000 12.1% $550,500 12.3% 28.0% 
TAIGUM 5 N/A N/A $437,500 2.2% 6.1% 
TARINGA 9 N/A N/A $770,000 2.9% 10.2% 
TARRAGINDI 31 $593,125 3.1% $585,000 6.4% 17.0% 
THE GAP 53 $555,000 -2.6% $567,250 3.8% 14.0% 
TINGALPA 27 $468,000 6.6% $450,000 3.4% 8.4% 
TOOWONG 12 $675,000 -1.3% $706,000 4.6% -2.6% 
UPPER KEDRON 15 $540,000 -1.9% $535,000 1.9% 4.9% 
UPPER MOUNT GRAVATT 38 $542,500 4.5% $520,000 14.9% 21.6% 
VIRGINIA 16 $490,000 N/A $487,000 14.6% 18.8% 
WAKERLEY ~ 27 $655,000 -8.5% $655,000 4.0% 17.0% 
WAVELL HEIGHTS 43 $575,000 7.3% $550,000 5.8% 17.8% 
JUNE QUARTER 2014 7 
SALES MARKET - HOUSES 
SUBURB 
NUMBER 
OF SALES 
JUN-14 
MEDIAN 
SALE 
JUN-14 
QTRLY 
CHANGE 
MEDIAN 
SALE 
12MTHS 
JUN-14 
1YR 
CHANGE 
5YR 
CHANGE 
BRISBANE CITY (LGA) 3,183 $575,000 2.7% $560,000 7.7% 17.9% 
BRISBANE CITY (LGA) ^ ~ 76 $870,500 10.5% $875,000 2.9% 2.9% 
ACACIA RIDGE 22 $335,000 3.7% $321,000 8.8% 1.9% 
ALBION 8 N/A N/A $696,000 N/A N/A 
ALDERLEY 15 $688,300 4.7% $650,000 5.6% 21.2% 
ALGESTER 33 $453,000 5.2% $435,500 8.2% 12.0% 
ANNERLEY ~ 24 $692,500 1.1% $630,000 18.9% 19.3% 
ASCOT ~ 18 $1,185,000 N/A $1,147,500 18.5% 5.5% 
ASHGROVE 32 $752,000 -4.2% $770,000 9.6% 22.7% 
ASPLEY 48 $533,000 6.8% $515,000 8.4% 15.7% 
AUCHENFLOWER 8 N/A N/A $831,000 -3.1% 12.3% 
BALD HILLS 17 $381,000 -2.0% $379,000 5.6% 3.0% 
BALMORAL 12 $930,000 2.2% $875,000 11.8% 11.8% 
BANYO 23 $418,500 -2.1% $430,000 8.3% 12.9% 
BARDON 36 $903,000 9.1% $800,000 9.0% 19.0% 
BELLBOWRIE ~ 20 $427,000 -11.8% $450,000 6.5% 5.8% 
BELMONT 8 N/A N/A $550,000 5.3% 2.8% 
BOONDALL 34 $425,000 -0.7% $420,000 5.0% 3.7% 
BRACKEN RIDGE 54 $412,500 0.6% $418,000 3.2% 3.7% 
BRIDGEMAN DOWNS 25 $697,500 -4.5% $689,500 6.1% 14.9% 
BRIGHTON 40 $440,000 3.5% $425,000 3.7% 10.4% 
BULIMBA ~ 24 $1,135,000 -9.9% $1,058,500 16.3% 34.8% 
BURBANK ^ 5 N/A N/A $1,025,000 N/A N/A 
CALAMVALE ~ 34 $588,000 10.9% $548,000 7.5% 15.4% 
CAMP HILL ~ 56 $672,022 -0.4% $717,000 15.6% 30.4% 
CANNON HILL ~ 26 $700,000 10.2% $636,086 15.7% 32.0% 
CARINA 30 $535,000 2.9% $536,000 9.9% 16.5% 
CARINA HEIGHTS 9 N/A N/A $574,000 9.9% 23.4% 
CARINDALE 42 $716,500 7.7% $730,000 12.5% 17.4% 
CARSELDINE 16 $560,000 7.7% $530,000 3.4% 7.3% 
CHANDLER ^ 5 N/A N/A $1,340,000 N/A N/A 
CHAPEL HILL 28 $659,250 -5.6% $655,000 7.6% 12.0% 
CHELMER ~ f 12 $1,215,000 86.9% $800,000 -15.6% 15.1% 
CHERMSIDE ~ 22 $570,000 17.5% $505,300 10.3% 17.0% 
CHERMSIDE WEST 20 $477,000 8.4% $470,000 9.3% 7.8% 
CLAYFIELD 24 $950,000 4.7% $890,000 11.3% 21.1% 
COOPERS PLAINS 21 $478,000 N/A $470,000 11.9% 19.0% 
COORPAROO 36 $720,000 2.1% $697,500 9.8% 21.1% 
CORINDA 8 N/A N/A $556,000 4.4% -5.8% 
DARRA 16 $355,000 N/A $340,000 8.3% 1.1% 
DEAGON 16 $420,000 9.9% $370,000 -5.0% 3.6% 
DOOLANDELLA 6 N/A N/A $411,000 13.2% 17.6% 
DREWVALE ~ 15 $515,000 11.5% $471,000 0.2% 7.4% 
DURACK 14 $346,500 -3.4% $358,650 13.3% 7.1% 
EAST BRISBANE 19 $727,500 N/A $689,000 4.2% 13.0% 
EIGHT MILE PLAINS 43 $635,000 -2.5% $640,000 11.9% 21.9% 
ENOGGERA 16 $570,000 -1.7% $575,000 3.5% 13.4% 
EVERTON PARK 38 $524,170 1.6% $501,000 6.1% 16.5% 
FAIRFIELD ~ 10 $700,000 N/A $631,000 16.3% 8.8% 
FERNY GROVE 13 $575,000 3.6% $539,500 13.0% 15.4% 
FIG TREE POCKET ~ 12 $820,000 -6.3% $855,000 13.2% 43.5% 
FITZGIBBON 17 $416,500 N/A $399,500 6.5% -3.7% 
FOREST LAKE 88 $419,000 4.4% $394,000 3.7% 6.5% 
GAYTHORNE 7 N/A N/A $545,000 -1.6% 4.3% 
GEEBUNG ~ 25 $476,000 -3.1% $460,000 16.5% 13.6% 
GORDON PARK 13 $737,500 N/A $655,000 9.2% 14.7% 
GRACEVILLE 21 $651,000 0.2% $700,000 -2.1% 16.7% 
GRANGE ~ 17 $860,000 17.0% $750,000 11.9% 21.0% 
GREENSLOPES 17 $640,000 0.0% $637,500 13.8% 24.5% 
HAMILTON ~ f 18 $872,500 N/A $970,000 -32.2% -19.2% 
HAWTHORNE ~ 24 $1,133,500 14.8% $1,000,000 19.0% 44.9% 
HEATHWOOD 7 N/A N/A $537,000 -5.0% 7.4% 
HEMMANT 7 N/A N/A $413,500 8.2% 3.2% 
HENDRA ~ 30 $870,000 16.0% $822,000 14.8% 25.4% 
HIGHGATE HILL 11 $812,000 N/A $814,000 7.1% 8.5% 
HOLLAND PARK 28 $597,500 2.1% $580,000 10.5% 18.2% 
HOLLAND PARK WEST ~ 27 $605,250 11.1% $575,000 5.2% 12.7% 
INALA 40 $290,000 1.8% $287,000 4.4% -1.0% 
INDOOROOPILLY 32 $680,000 9.7% $700,000 -1.8% 13.8% 
SALES MARKET - HOUSES (CONT’D) 
SUBURB 
NUMBER 
OF SALES 
JUN-14 
MEDIAN 
SALE 
JUN-14 
QTRLY 
CHANGE 
MEDIAN 
SALE 
12MTHS 
JUN-14 
1YR 
CHANGE 
5YR 
CHANGE
BRISBANE MARKET UPDATES 
8 QUEENSLAND MARKET MONITOR 
HAWTHORNE 9 N/A N/A $490,000 3.2% 17.5% 
HENDRA 5 N/A N/A $500,000 N/A N/A 
HERSTON 7 N/A N/A $420,000 N/A N/A 
HIGHGATE HILL ~ f 18 $490,000 -19.7% $508,000 2.6% 14.8% 
HOLLAND PARK WEST 8 N/A N/A $366,000 N/A 6.1% 
INDOOROOPILLY ~ t 20 $422,000 -10.2% $440,000 3.5% 4.8% 
KANGAROO POINT 63 $483,000 6.2% $500,000 5.5% 19.0% 
KEDRON * 11 $337,500 -0.7% $347,000 6.5% 8.4% 
KELVIN GROVE 32 $470,000 3.8% $499,500 -0.1% 12.2% 
KURABY 5 N/A N/A $292,250 0.9% -4.2% 
LUTWYCHE * 13 $335,000 -11.8% $380,000 -14.6% 13.4% 
MANLY WEST * t 6 N/A N/A $347,000 -13.2% -11.7% 
MCDOWALL 7 N/A N/A $411,000 9.6% 7.2% 
MILTON 5 N/A N/A $488,000 0.1% 1.7% 
MITCHELTON 4 N/A N/A $367,000 N/A 6.4% 
MOOROOKA t 27 $380,000 10.9% $367,500 0.8% 12.0% 
MORNINGSIDE 28 $486,000 4.6% $467,500 8.1% 11.3% 
MOUNT GRAVATT EAST 17 $381,000 -4.0% $390,000 -4.2% 10.3% 
NEW FARM ~ 46 $536,000 -8.5% $549,500 14.5% 25.2% 
NEWMARKET ~ 6 N/A N/A $455,000 15.9% 13.8% 
NEWSTEAD ~ f 16 $845,000 12.8% $765,000 25.7% 40.1% 
NORMAN PARK 5 N/A N/A $491,000 6.7% 4.9% 
NORTHGATE ~ t 1 N/A N/A $350,000 -9.1% -3.4% 
NUNDAH * ~ t 54 $375,500 -7.6% $415,000 5.1% 2.3% 
PADDINGTON ~ * t 25 $484,901 35.4% $485,106 -7.0% 12.2% 
RED HILL 6 N/A N/A $409,500 N/A 6.4% 
RICHLANDS * t 8 N/A N/A $337,000 0.6% N/A 
ROCHEDALE 9 N/A N/A $392,000 1.2% N/A 
RUNCORN 30 $322,500 -0.5% $337,000 -1.5% 5.0% 
SHERWOOD 13 $442,500 -1.7% $440,000 5.1% 3.5% 
SOUTH BRISBANE * 19 $475,000 -2.5% $485,000 7.2% 21.3% 
SPRING HILL ~ 27 $435,000 12.4% $380,000 -1.3% 0.7% 
ST LUCIA ~ 30 $435,000 -9.1% $472,500 -1.2% 7.4% 
STAFFORD 8 N/A N/A $400,000 -1.2% 14.9% 
SUNNYBANK HILLS ~ t 8 N/A N/A $322,500 -10.7% -4.9% 
TAIGUM ~ t 29 $385,000 13.2% $376,500 18.6% 17.7% 
TARINGA 24 $382,750 -3.1% $397,250 -5.4% 4.5% 
TENERIFFE ~ f 42 $642,750 -1.1% $620,000 12.8% 17.0% 
TENNYSON 3 N/A N/A $940,000 N/A N/A 
THE GAP 7 N/A N/A $449,000 N/A 7.0% 
TINGALPA 9 N/A N/A $327,800 2.0% 5.1% 
TOOWONG ~ 31 $428,000 -5.9% $435,000 3.6% 13.0% 
UPPER MOUNT GRAVATT 8 N/A N/A $363,500 3.9% -9.1% 
WAKERLEY 5 N/A N/A $429,950 0.0% N/A 
WAVELL HEIGHTS 3 N/A N/A $416,500 N/A -0.8% 
WEST END * f 28 $610,000 28.4% $549,900 5.5% -2.0% 
WINDSOR ~ 20 $385,000 -6.7% $408,500 2.8% 20.1% 
WISHART 10 $366,000 N/A $362,500 7.0% 5.1% 
WOOLLOONGABBA 21 $405,000 N/A $400,000 -3.6% 8.1% 
WOOLOOWIN 7 N/A N/A $380,000 5.7% 16.2% 
WYNNUM 12 $350,000 N/A $351,000 -5.4% -2.5% 
WYNNUM WEST * ~ t 32 $394,000 N/A $381,000 27.0% 22.9% 
YEERONGPILLY 9 N/A N/A $406,000 5.0% 1.5% 
YERONGA 15 $382,000 1.9% $409,000 -3.2% -0.7% 
ZILLMERE ~ 24 $333,250 -5.5% $340,000 -7.2% 1.3% 
SALES MARKET - UNITS & TOWNHOUSES 
SALES MARKET - UNITS & TOWNHOUSES (CONT’D) 
SUBURB 
NUMBER 
OF SALES 
JUN-14 
MEDIAN 
SALE 
JUN-14 
QTRLY 
CHANGE 
MEDIAN 
SALE 
12MTHS 
JUN-14 
1YR 
CHANGE 
5YR 
CHANGE 
SALES MARKET - HOUSES (CONT’D) 
SUBURB 
NUMBER 
OF SALES 
JUN-14 
MEDIAN 
SALE 
JUN-14 
QTRLY 
CHANGE 
MEDIAN 
SALE 
12MTHS 
JUN-14 
1YR 
CHANGE 
5YR 
CHANGE 
WEST END ~ 12 $950,000 N/A $910,000 15.6% 26.4% 
WESTLAKE ~ 14 $560,000 -16.4% $630,000 9.9% 19.3% 
WILSTON 16 $859,500 -5.8% $835,600 -3.2% 16.9% 
WINDSOR 9 N/A N/A $700,000 6.1% 12.9% 
WISHART ~ 23 $565,500 -9.2% $550,000 3.8% 13.1% 
WOOLLOONGABBA 7 N/A N/A $627,500 4.6% 6.4% 
WOOLOOWIN ~ 17 $681,500 -13.2% $750,000 11.1% 29.3% 
WYNNUM 66 $527,500 3.4% $525,000 5.0% 11.7% 
WYNNUM WEST 43 $490,000 5.0% $460,000 8.7% 3.8% 
YERONGA 15 $650,000 N/A $655,000 3.8% 0.8% 
ZILLMERE 26 $395,500 -4.0% $403,000 11.9% 10.4% 
BRISBANE CITY (LGA) 1,827 $417,500 0.6% $415,000 4.6% 9.2% 
ALBION ~ * 9 N/A N/A $445,000 -19.1% 15.6% 
ALDERLEY ~ 4 N/A N/A $440,000 11.4% 19.6% 
ALGESTER 7 N/A N/A $297,000 2.4% -4.2% 
ANNERLEY * t 26 $445,000 -10.4% $400,000 5.6% 14.6% 
ASCOT 20 $446,000 6.2% $412,250 7.2% 8.8% 
ASHGROVE ~ t 15 $430,750 -8.4% $420,500 2.2% 10.4% 
ASPLEY 12 $399,000 N/A $375,000 5.5% 5.3% 
AUCHENFLOWER 24 $471,500 2.3% $469,500 4.6% 4.9% 
BALMORAL 3 N/A N/A $483,750 -7.0% 16.9% 
BOONDALL * t 12 $394,000 N/A $392,000 N/A N/A 
BOWEN HILLS 13 $422,000 -4.4% $434,000 9.9% 4.2% 
BRACKEN RIDGE 9 N/A N/A $319,500 3.1% -8.6% 
BRIGHTON 1 N/A N/A $407,500 N/A N/A 
BRISBANE CITY * 148 $525,000 2.9% $500,000 8.9% 17.4% 
BULIMBA ~ f 19 $560,000 13.1% $566,000 -1.6% 16.1% 
CALAMVALE 22 $348,000 5.5% $363,394 -1.2% 2.4% 
CAMP HILL ~ t 5 N/A N/A $429,000 -12.7% 10.0% 
CARINA * t 30 $395,000 -4.8% $428,250 9.8% 7.9% 
CARINA HEIGHTS ~ * 16 $450,000 0.2% $445,000 4.7% 2.9% 
CARINDALE 8 N/A N/A $408,000 -0.5% -19.2% 
CARSELDINE 7 N/A N/A $370,000 -3.2% 5.7% 
CHERMSIDE * 32 $390,500 -5.3% $395,000 0.6% -2.5% 
CLAYFIELD 36 $411,000 5.4% $383,250 8.0% 9.5% 
COOPERS PLAINS 4 N/A N/A $386,000 -6.9% N/A 
COORPAROO 39 $401,000 1.1% $396,500 8.0% 15.6% 
CORINDA 5 N/A N/A $385,000 5.5% -6.1% 
DOOLANDELLA 1 N/A N/A $348,500 -0.3% N/A 
DURACK 5 N/A N/A $350,000 -0.4% N/A 
DUTTON PARK ~ 1 N/A N/A $502,000 20.2% N/A 
EAST BRISBANE ~ 22 $420,000 10.5% $407,500 -6.5% 16.1% 
EIGHT MILE PLAINS ~ t 28 $369,000 -8.3% $383,000 2.1% 6.4% 
ELLEN GROVE * t 12 $346,000 N/A $346,000 N/A N/A 
ENOGGERA 4 N/A N/A $420,000 7.7% 12.4% 
EVERTON PARK t 43 $425,000 10.5% $404,000 -3.8% 17.5% 
FAIRFIELD * 9 N/A N/A $340,000 -19.4% -11.7% 
FORTITUDE VALLEY ~ 45 $500,000 17.1% $430,000 3.6% 8.9% 
GAYTHORNE * t 7 N/A N/A $405,000 2.5% 22.2% 
GORDON PARK ~ 6 N/A N/A $376,000 11.6% 9.0% 
GREENSLOPES ~ 26 $356,500 -4.3% $372,500 10.9% 4.9% 
HAMILTON 28 $490,000 -3.4% $505,000 1.0% 17.4% 
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BRISBANE MARKET UPDATES 
RENTAL MARKET - 3 BED HOUSES 
POST JUN-14 JUN-13 
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS 
4115 ALGESTER $375 24 $380 32 
4116 CALAMVALE $400 18 $400 17 
SOUTH EAST - INNER $450 246 $450 304 
4151 COORPAROO $480 37 $475 43 
4152 CAMP HILL $435 95 $435 108 
4170 CANNON HILL $460 61 $450 89 
4171 BALMORAL $510 38 $540 46 
4172 MURARRIE $410 15 $400 18 
SOUTH EAST - OUTER $415 50 $420 32 
4153 BELMONT $445 7 $440 5 
4154 GUMDALE $470 6 N.A. 3 
4173 TINGALPA $405 26 $450 15 
4174 HEMANT $360 8 $400 7 
SOUTH WEST - INNER $430 98 $420 106 
4068 CHELMER $450 43 $450 43 
4075 CORINDA $400 55 $415 63 
SOUTH WEST - OUTER $360 294 $350 333 
4069 BROOKFIELD $500 31 $430 48 
4070 ANSTEAD $380 11 $360 13 
4073 SEVENTEEN MILE ROCKS $390 14 $400 11 
4074 JINDALEE $395 65 $400 53 
4076 DARRA $340 33 $330 29 
4077 DOOLANDELLA $320 57 $310 86 
4078 FOREST LAKE $360 83 $350 93 
JUNE QUARTER 2014 9 
RENTAL MARKET - 3 BED HOUSES 
POST JUN-14 JUN-13 
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS 
RENTAL MARKET - 2 BED UNITS 
SALES MARKET - VACANT LAND 
SUBURB 
NUMBER 
OF SALES 
JUN-14 
MEDIAN 
SALE 
JUN-14 
QTRLY 
CHANGE 
MEDIAN 
SALE 
12MTHS 
JUN-14 
1YR 
CHANGE 
5YR 
CHANGE 
BRISBANE CITY (LGA) $410 2,599 $410 2,730 
BAYSIDE $420 135 $400 132 
4178 WYNNUM $415 88 $400 77 
4179 MANLY $420 47 $400 55 
CITY INNER $550 199 $525 207 
4000 BRISBANE CITY $550 14 $550 17 
4005 NEW FARM $600 20 $720 13 
4006 BOWEN HILLS $580 9 $595 9 
4064 PADDINGTON $590 54 $550 44 
4066 TOOWONG $500 37 $500 33 
4067 ST LUCIA $510 12 $465 9 
4101 WEST END $600 18 $550 39 
4102 WOOLOONGABBA $460 12 $480 20 
4169 EAST BRISBANE $530 23 $520 23 
NORTH - INNER $450 268 $450 299 
4007 ASCOT $570 20 $530 27 
4011 CLAYFIELD $550 27 $575 30 
4012 NUNDAH $400 54 $425 63 
4030 LUTWYCHE $465 51 $460 43 
4031 GORDON PARK $445 39 $420 51 
4051 ALDERLEY $445 75 $450 75 
NORTH - OUTER $390 359 $380 378 
4013 NORTHGATE $410 10 $440 15 
4014 VIRGINIA $400 29 $390 33 
4017 BRACKEN RIDGE $380 113 $375 114 
4018 FITZGIBBON $390 38 $385 22 
4032 CHERMSIDE $390 46 $375 57 
4034 ASPLEY $400 112 $390 117 
4036 BALD HILLS $380 11 $350 20 
NORTH WEST - INNER $510 117 $500 104 
4059 KELVIN GROVE $525 51 $550 39 
4060 ASHGROVE $500 44 $470 37 
4065 BARDON $500 22 $495 28 
NORTH WEST - OUTER $410 220 $400 226 
4053 STAFFORD $400 142 $400 146 
4054 ARANA HILLS $400 43 $400 53 
4061 THE GAP $440 35 $450 27 
SOUTH - INNER $430 334 $415 311 
4103 ANNERLEY $430 38 $430 32 
4104 YERONGA $450 10 $450 15 
4105 MOOROOKA $410 40 $405 37 
4120 GREENSLOPES $450 26 $480 21 
4121 HOLLAND PARK $430 74 $430 82 
4122 MANSFIELD $410 143 $400 122 
SOUTH - OUTER $380 279 $375 298 
4107 SALISBURY $400 20 $385 33 
4108 COOPERS PLAINS $385 19 $355 16 
4109 MACGREGOR $390 84 $390 81 
4110 ACACIA RIDGE $350 55 $350 41 
4112 KURABY $380 11 $350 9 
4113 EIGHT MILE PLAINS $385 44 $380 52 
BRISBANE CITY $395 3,945 $390 3,852 
BAYSIDE $320 46 $320 48 
4178 WYNNUM $320 30 $310 31 
4179 MANLY $310 16 $350 17 
CITY INNER $495 1,588 $490 1,516 
4000 BRISBANE CITY $580 345 $600 283 
4005 NEW FARM $500 270 $520 249 
4006 BOWEN HILLS $495 242 $495 215 
4064 PADDINGTON $390 49 $400 60 
4066 TOOWONG $390 163 $390 194 
4067 ST LUCIA $400 71 $430 87 
4101 WEST END $510 257 $490 209 
4102 WOOLOONGABBA $460 49 $425 55 
4169 EAST BRISBANE $465 142 $470 158 
NORTH - INNER $355 812 $350 785 
4007 ASCOT $400 142 $380 124 
4010 ALBION $375 28 $380 24 
4011 CLAYFIELD $350 148 $350 138 
4012 NUNDAH $360 190 $360 175 
4030 LUTWYCHE $345 112 $345 108 
4031 GORDON PARK $320 72 $335 67 
4051 ALDERLEY $350 120 $350 149 
NORTH - OUTER $340 224 $340 237 
4013 NORTHGATE $310 25 $300 30 
4014 VIRGINIA $280 8 $350 11 
4017 BRACKEN RIDGE $290 16 $295 22 
4018 FITZGIBBON $320 9 N.A. 2 
4032 CHERMSIDE $360 86 $390 94 
4034 ASPLEY $350 80 $320 78 
NORTH WEST - INNER $400 140 $395 115 
4059 KELVIN GROVE $410 98 $420 79 
4060 ASHGROVE $400 37 $360 31 
4065 BARDON $360 5 $330 5 
NORTH WEST - OUTER $390 82 $340 72 
4053 STAFFORD $390 80 $350 69 
SOUTH - INNER $360 379 $350 398 
4103 ANNERLEY $350 99 $335 99 
4104 YERONGA $350 28 $340 40 
4105 MOOROOKA $330 51 $370 49 
4120 GREENSLOPES $360 78 $350 91 
4121 HOLLAND PARK $350 31 $330 38 
4122 MANSFIELD $390 88 $390 76 
BRISBANE CITY (LGA) 154 $335,750 4.9% $304,950 4.6% 11.7% 
BRISBANE CITY (LGA) ^ ~ 12 $737,500 N/A $690,000 -8.0% 50.0% 
BRIDGEMAN DOWNS * 8 N/A N/A $383,500 9.1% 27.8% 
BRIGHTON * 1 N/A N/A $280,000 N/A N/A 
CARSELDINE ~ 4 N/A N/A $347,500 12.6% 27.3% 
DOOLANDELLA 2 N/A N/A $247,000 7.4% 9.8% 
FITZGIBBON * 27 $170,300 N/A $194,900 15.4% N/A 
HEATHWOOD * 1 N/A N/A $265,000 N/A 10.9% 
KURABY 2 N/A N/A $324,200 -1.0% -0.6% 
MOGGILL ~ 14 $252,500 -6.5% $260,000 6.1% 10.6% 
OXLEY * 2 N/A N/A $285,000 1.8% 16.3% 
ROCHEDALE ~ 2 N/A N/A $409,000 12.8% N/A 
UPPER KEDRON 4 N/A N/A $295,000 -3.3% N/A 
WYNNUM 6 N/A N/A $320,000 N/A N/A
BRISBANE MARKET UPDATES 
RENTAL MARKET - 2 BED UNITS (CONT’D) 
POST JUN-14 JUN-13 
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS 
SOUTH - OUTER $310 43 $300 50 
4107 SALISBURY $300 7 $295 7 
4108 COOPERS PLAINS $315 6 N.A. 3 
4109 MACGREGOR $345 15 $385 18 
SOUTH EAST - INNER $370 368 $370 380 
4151 COORPAROO $360 141 $350 150 
4152 CAMP HILL $375 34 $360 47 
4170 CANNON HILL $380 93 $365 94 
4171 BALMORAL $400 98 $450 87 
SOUTH EAST - OUTER $350 6 $320 7 
4173 TINGALPA $350 6 $310 6 
SOUTH WEST - INNER $380 239 $370 228 
4068 CHELMER $380 207 $380 181 
4075 CORINDA $320 32 $330 47 
SOUTH WEST - OUTER $325 18 $300 16 
4078 FOREST LAKE $340 11 $340 8 
10 QUEENSLAND MARKET MONITOR 
RENTAL MARKET - 3 BED TOWNHOUSES 
POST JUN-14 JUN-13 
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS 
BRISBANE CITY $400 1,510 $405 1,309 
BAYSIDE $400 101 $390 100 
4178 WYNNUM $400 68 $390 40 
4179 MANLY $410 33 $390 60 
CITY INNER $560 51 $580 42 
4000 BRISBANE CITY $675 6 N.A. 1 
4005 NEW FARM $560 5 N.A. 4 
4006 BOWEN HILLS $610 5 $525 5 
4066 TOOWONG $490 8 $560 7 
4067 ST LUCIA $450 8 N.A. 3 
4101 WEST END $575 9 $695 10 
NORTH - INNER $450 97 $460 82 
4007 ASCOT $550 8 $620 5 
4011 CLAYFIELD $590 13 $570 19 
4012 NUNDAH $445 23 $435 18 
4030 LUTWYCHE $425 7 $475 5 
4031 GORDON PARK $450 17 $450 13 
4051 ALDERLEY $425 29 $435 21 
NORTH - OUTER $385 208 $380 160 
4013 NORTHGATE $450 9 $410 14 
4017 BRACKEN RIDGE $365 42 $365 33 
4018 FITZGIBBON $320 42 $370 30 
4032 CHERMSIDE $435 20 $430 22 
4034 ASPLEY $395 88 $385 46 
4036 BALD HILLS $360 7 $350 15 
NORTH WEST - INNER $490 14 $550 17 
4060 ASHGROVE $460 5 $499 7 
4065 BARDON $550 6 N.A. 3 
NORTH WEST - OUTER $430 59 $410 47 
4053 STAFFORD $430 47 $410 35 
4054 ARANA HILLS $395 5 $385 7 
4061 THE GAP $500 7 $435 5 
SOUTH - INNER $450 126 $430 106 
4103 ANNERLEY $520 31 $450 16 
4104 YERONGA $475 16 $450 9 
4105 MOOROOKA $410 18 $440 19 
4120 GREENSLOPES $490 8 $460 12 
4121 HOLLAND PARK $455 9 $430 12 
4122 MANSFIELD $420 44 $410 38 
SOUTH - OUTER $385 335 $390 286 
4107 SALISBURY $380 6 $485 8 
4109 MACGREGOR $400 51 $400 49 
4110 ACACIA RIDGE $340 43 N.A. 4 
4112 KURABY $380 17 $365 11 
4113 EIGHT MILE PLAINS $400 105 $400 100 
4115 ALGESTER $370 35 $370 34 
4116 CALAMVALE $380 76 $380 75 
SOUTH EAST - INNER $475 193 $470 215 
4151 COORPAROO $495 17 $495 14 
4152 CAMP HILL $445 98 $440 106 
4170 CANNON HILL $480 56 $480 65 
4171 BALMORAL $570 16 $575 24 
4172 MURARRIE $480 6 $465 6 
SOUTH EAST - OUTER $410 64 $405 55 
4153 BELMONT $430 12 N.A. 2 
4154 GUMDALE $415 29 $415 35 
4173 TINGALPA $390 21 $380 18 
SOUTH WEST - INNER $430 66 $430 66 
4068 CHELMER $505 21 $510 20 
4075 CORINDA $400 45 $400 46 
SOUTH WEST - OUTER $355 196 $360 133 
4073 SEVENTEEN MILE ROCKS $425 6 $410 12 
4074 JINDALEE $390 18 $400 17 
4076 DARRA $350 6 N.A. 4 
4077 DOOLANDELLA $355 121 $355 80 
4078 FOREST LAKE $355 42 $350 14 
DID YOU KNOW? 
YOU CAN GET MEDIAN WEEKLY RENTS FOR 
OTHER PROPERTY TYPES ONLINE AT 
WWW.RTA.QLD.GOV.AU 
Increasing median prices 
along with lower days 
on market and reduced 
average vendor discounting 
are further signs that the 
Brisbane market is into 
recovery phase
BRISBANE MARKET UPDATES 
JUNE QUARTER 2014 11 
Heading into Spring, the greater Brisbane area looks set to 
build on the strong sales momentum of the June quarter. 
There were increases in both house and unit sales volumes 
in greater Brisbane, with shorter days on market compared 
to a year ago. 
Median sales price growth varied across the region, with 
some sectors of the market recording growth. Others 
recorded easing median sale prices on the back of increased 
activity at the affordable end of the market. 
HOUSE MARKET 
Over the June quarter 2014 the Brisbane statistical 
division recorded 2.2 per cent growth in its median house 
price to $470,000, driven by strong sales on the city’s 
outskirts. 
Ipswich, Logan and Moreton Bay all recorded increased 
sales activity, with Redland also posting healthy sales 
activity. 
Redland recorded a solid increase in the median house 
price, with median sale price growth in the remaining 
areas of greater Brisbane subdued. However, increased 
buyer confidence is resulting in stock that had been sitting 
on the market for some time starting to be taken up. 
First home buyer and investor activity has reportedly been 
improving in Moreton Bay as progress continues on the 
new Rail Line, amid ongoing development of the North 
Lakes residential and commercial precincts. 
Five of the top ten increases in preliminary sales for the 
June quarter were posted in Moreton Bay: in North Lakes, 
Kallangur, Deception Bay, Morayfield and Redland Bay. 
In Ipswich many agents are experiencing large sale 
volumes, creating a shortage of stock. However local 
agents expect sales to increase heading towards 2015, 
buoyed by demand from interstate investors in search of 
higher rental yields. 
Eagleby in Logan recorded a strong rise in sales and solid 
price growth in the June Quarter. 
UNIT MARKET 
Unit and townhouse sales in Greater Brisbane picked 
up from where they left off in the March Quarter, rising 
18 per cent to the end of the June quarter. Ipswich and 
Redland recorded the strongest increases in unit and 
townhouse sales in the quarter, up 40 per cent and 19 per 
cent respectively. 
Over the quarter, Brendale and Beenleigh recorded double 
digit sales growth, with Cleveland, Birkdale and Ormiston 
in Redlands also recording healthy increases. Bundamba 
in Ipswich also recorded solid sales volumes. 
New townhouse complexes at Goodna have contributed to 
the overall median sale price for the Ipswich council area, 
which was up 26 per cent over the quarter. 
The greatest volume of sales activity occurred in the 
$250,000 to $350,000 price bracket during the June 
quarter, with more buyers also entering the market at the 
sub-$250,000 mark. 
RENTAL MARKET 
The vacancy rate for the Brisbane Statistical Division 
eased to 2.3 per cent at the end of June, compared to 1.9 
per cent at the end of March. 
In the outer-lying suburbs of Greater Brisbane, vacancy 
rates have also softened in Ipswich and Logan, to more 
healthy market conditions. Moreton Bay and Redland 
City, however, continue to record tight vacancy levels, with 
agents in these areas reporting more demand than supply. 
Agents in the Moreton Bay area are seeing increased 
investor activity, with some NRAS developments being in 
strong demand. 
The latest figures from the Residential Tenancies 
Authority (RTA) also show a decline in the total number 
of bonds lodged during the June quarter across three 
bedroom houses, two bedroom units and three bedroom 
townhouses compared to the previous quarter. 
Steady pipelines of new developments, which are said to 
be attracting renewed interest from interstate investors, 
are expected to increase the supply of rental stock over the 
coming months. 
GREATER 
BRISBANE
BRISBANE MARKET UPDATES 
12 QUEENSLAND MARKET MONITOR 
SALES MARKET - HOUSES (CONT’D) 
SUBURB 
NUMBER 
OF SALES 
JUN-14 
MEDIAN 
SALE 
JUN-14 
QTRLY 
CHANGE 
MEDIAN 
SALE 
12MTHS 
JUN-14 
1YR 
CHANGE 
5YR 
CHANGE 
SALES MARKET - HOUSES 
SUBURB 
NUMBER 
OF SALES 
JUN-14 
MEDIAN 
SALE 
JUN-14 
QTRLY 
CHANGE 
MEDIAN 
SALE 
12MTHS 
JUN-14 
1YR 
CHANGE 
5YR 
CHANGE 
BRISBANE (SD) 6,102 $470,000 2.2% $462,000 5.7% 12.7% 
BRISBANE (SD) ^ 479 $540,000 -1.8% $555,000 3.7% 4.2% 
IPSWICH (LGA) 548 $300,000 -0.6% $305,000 4.5% -1.6% 
IPSWICH (LGA) ^ ~ 47 $476,250 13.4% $460,000 7.0% 5.8% 
AUGUSTINE HEIGHTS ~ * 16 $545,000 15.1% $490,500 -2.4% -9.2% 
BELLBIRD PARK 12 $320,250 N/A $310,600 -2.8% -5.9% 
BOOVAL 6 N/A N/A $261,000 0.4% -2.4% 
BRASSALL ~ 32 $286,250 -13.5% $314,250 3.0% -5.9% 
BUNDAMBA ~ * 14 $296,000 26.0% $280,000 8.9% 0.0% 
CAMIRA ~ 19 $347,000 9.3% $335,000 3.1% 0.0% 
CHURCHILL 7 N/A N/A $259,500 8.8% 0.8% 
COLLINGWOOD PARK ~ 25 $313,500 3.6% $291,203 -2.9% -11.1% 
EAST IPSWICH ~ 11 $230,000 N/A $236,000 -9.2% -14.2% 
EASTERN HEIGHTS 15 $290,000 0.7% $268,000 9.4% -0.6% 
FLINDERS VIEW ~ 14 $355,000 1.7% $350,000 11.1% -9.4% 
GOODNA 25 $262,500 0.6% $265,000 1.9% -10.2% 
IPSWICH 5 N/A N/A $303,000 9.7% 4.5% 
KARALEE ^ 7 N/A N/A $513,000 3.0% 9.1% 
LEICHHARDT ~ 19 $224,000 2.3% $214,500 7.3% -12.4% 
NEWTOWN 10 $270,000 N/A $307,000 N/A -5.5% 
NORTH BOOVAL 13 $236,500 N/A $239,000 3.9% -11.5% 
NORTH IPSWICH ~ 20 $265,500 15.4% $245,500 6.7% -12.6% 
ONE MILE ~ 7 N/A N/A $231,000 18.5% -8.7% 
RACEVIEW 30 $300,000 4.0% $300,000 3.4% -2.4% 
REDBANK PLAINS 48 $295,000 1.5% $295,000 5.4% -4.5% 
RIVERVIEW 7 N/A N/A $226,500 N/A -11.2% 
ROSEWOOD 7 N/A N/A $260,000 6.1% 4.0% 
SADLIERS CROSSING 7 N/A N/A $313,000 N/A 10.8% 
SILKSTONE ~ 18 $236,001 -17.6% $264,500 6.4% -2.9% 
SPRINGFIELD ~ 22 $376,500 -8.4% $380,000 5.6% 1.5% 
SPRINGFIELD LAKES 64 $402,300 0.6% $390,000 2.5% -0.5% 
WOODEND 6 N/A N/A $287,500 N/A -3.8% 
YAMANTO ~ 21 $377,500 11.9% $335,000 -0.9% 0.0% 
LOGAN (LGA) 716 $344,250 -2.2% $345,000 4.5% 1.5% 
LOGAN (LGA) ^ ~ 163 $484,250 -6.9% $500,000 4.2% 1.0% 
BEENLEIGH 19 $287,000 -1.0% $288,500 3.0% -11.3% 
BETHANIA 16 $275,000 -4.0% $281,000 -1.6% -6.8% 
BORONIA HEIGHTS 19 $327,500 2.3% $309,000 2.2% 0.2% 
BROWNS PLAINS ~ 20 $289,000 -6.0% $300,000 1.0% -4.8% 
BUCCAN ^ 6 N/A N/A $527,000 N/A -5.0% 
CEDAR GROVE ^ 8 N/A N/A $418,000 11.5% 6.7% 
CEDAR VALE ^ 15 $428,000 -2.7% $429,000 3.6% 2.9% 
CHAMBERS FLAT ^ 2 N/A N/A $487,500 N/A -6.3% 
CORNUBIA 18 $462,500 0.3% $467,500 3.9% 5.1% 
CORNUBIA ^ 4 N/A N/A $647,500 N/A N/A 
CRESTMEAD 42 $280,000 -2.9% $279,000 1.5% -7.0% 
DAISY HILL 36 $470,000 7.6% $420,000 7.1% 11.4% 
EAGLEBY ~ 36 $251,500 3.9% $250,000 1.6% -12.3% 
EDENS LANDING 21 $347,000 -0.4% $347,000 5.2% -3.3% 
FORESTDALE ^ 4 N/A N/A $649,000 11.5% 13.9% 
GREENBANK ^ ~ 22 $539,500 11.5% $520,000 6.1% 1.8% 
HERITAGE PARK 16 $430,500 9.7% $392,000 3.5% 1.8% 
HILLCREST 12 $303,000 N/A $320,100 1.0% -3.0% 
JIMBOOMBA 9 N/A N/A $365,000 -3.7% -3.9% 
JIMBOOMBA ^ 27 $455,000 5.0% $460,000 2.2% 3.1% 
KINGSTON ~ 40 $279,000 11.4% $260,000 9.0% -5.5% 
LOGAN CENTRAL 15 $270,000 0.0% $258,000 9.8% -4.4% 
LOGAN VILLAGE ^ 7 N/A N/A $495,000 7.6% 2.1% 
LOGANHOLME ~ 17 $353,000 11.7% $350,550 -2.6% 0.6% 
LOGANLEA 19 $302,500 -2.4% $298,500 2.9% -0.5% 
MARSDEN 36 $329,400 7.5% $317,750 8.4% 1.8% 
MEADOWBROOK 7 N/A N/A $361,000 0.3% -4.5% 
MOUNT WARREN PARK 24 $337,500 -0.7% $337,000 1.0% -0.9% 
MUNRUBEN ^ 7 N/A N/A $517,500 5.6% 1.9% 
NEW BEITH ^ 13 $562,000 N/A $555,000 7.8% 4.7% 
REGENTS PARK 39 $371,500 4.4% $353,000 1.1% 0.8% 
ROCHEDALE SOUTH 40 $415,000 -5.7% $420,000 6.3% 9.1% 
SHAILER PARK 40 $492,500 6.4% $470,000 4.4% 7.1% 
SLACKS CREEK 19 $285,000 -3.4% $282,000 4.2% -5.7% 
SPRINGWOOD 26 $420,000 0.4% $425,500 6.6% 6.9% 
TANAH MERAH 17 $380,000 N/A $395,000 7.1% 1.4% 
UNDERWOOD 25 $495,000 3.1% $465,000 3.3% 21.2% 
WATERFORD 8 N/A N/A $357,500 4.8% -3.4% 
WATERFORD WEST 18 $314,000 N/A $305,000 8.9% -2.6% 
WINDAROO 8 N/A N/A $407,000 10.0% 4.4% 
WOODRIDGE ~ 30 $265,000 2.3% $255,000 10.9% -2.5% 
YARRABILBA 6 N/A N/A $381,000 N/A N/A 
MORETON BAY (LGA) 1,182 $387,500 1.4% $385,000 3.6% 4.1% 
MORETON BAY (LGA) ^ 173 $545,000 1.5% $559,000 4.5% 3.0% 
ALBANY CREEK ~ 49 $464,500 -8.1% $500,000 4.2% 6.4% 
ARANA HILLS ~ 27 $490,000 14.2% $455,250 3.7% 4.7% 
BANKSIA BEACH ~ f 20 $467,000 11.5% $450,000 -2.2% -4.1% 
BEACHMERE 13 $301,000 -1.3% $300,000 1.7% -9.1% 
BELLARA 9 N/A N/A $320,000 3.2% -1.5% 
BELLMERE 17 $315,000 0.0% $315,000 -3.7% -9.7% 
BONGAREE ~ 18 $430,000 -8.1% $390,000 8.6% 4.0% 
BRAY PARK 30 $362,500 0.3% $357,000 4.3% 0.6% 
BURPENGARY 25 $368,000 3.7% $351,500 4.1% 0.4% 
BURPENGARY ^ 16 $545,000 N/A $530,000 1.9% 5.8% 
BURPENGARY EAST ^ 6 N/A N/A $515,750 0.9% 3.2% 
CABOOLTURE ^ 15 $471,250 N/A $450,000 4.4% 0.0% 
CABOOLTURE ~ 57 $285,000 -7.5% $290,000 5.5% -3.3% 
CABOOLTURE SOUTH 20 $258,471 -0.6% $268,250 5.0% -3.2% 
CAMP MOUNTAIN ^ 5 N/A N/A $819,000 N/A N/A 
CASHMERE 7 N/A N/A $597,500 4.8% 6.2% 
CASHMERE ^ 6 N/A N/A $675,000 5.5% 3.2% 
CLONTARF 31 $379,000 1.3% $365,000 9.0% 2.8% 
DAKABIN 5 N/A N/A $422,500 N/A N/A 
DECEPTION BAY 69 $302,500 7.7% $289,000 1.4% -9.4% 
EATONS HILL 17 $518,000 -5.4% $527,000 3.3% 4.9% 
EATONS HILL ^ 2 N/A N/A $698,500 N/A N/A 
ELIMBAH ^ 8 N/A N/A $487,500 3.1% 0.5% 
EVERTON HILLS 19 $497,000 3.2% $480,000 6.8% 14.6% 
FERNY HILLS 33 $467,000 -3.5% $460,000 2.9% 8.2% 
GRIFFIN 20 $425,500 2.8% $420,000 6.3% 8.3% 
HIGHVALE ^ 2 N/A N/A $710,000 -6.6% N/A 
KALLANGUR 71 $336,500 -2.0% $335,900 5.0% -1.9% 
KIPPA-RING 31 $388,550 8.7% $373,000 9.7% 5.1% 
LAWNTON 8 N/A N/A $318,750 -4.9% -5.5% 
MANGO HILL 17 $447,000 -0.2% $425,768 -0.1% -1.0% 
MARGATE ~ 38 $406,000 9.4% $368,250 6.4% 6.1% 
MORAYFIELD 67 $310,000 0.0% $306,000 5.5% -6.1% 
MORAYFIELD ^ ~ 17 $502,500 -10.3% $518,000 8.0% 3.6% 
MURRUMBA DOWNS ~ 37 $463,000 -10.3% $450,000 7.1% 8.7% 
NARANGBA 54 $397,500 -4.2% $425,000 2.3% 4.9% 
NARANGBA ^ 5 N/A N/A $620,000 N/A N/A 
NEWPORT ~ f 8 N/A N/A $815,000 16.4% 2.6% 
NINGI 3 N/A N/A $335,000 3.9% -8.2% 
NINGI ^ 8 N/A N/A $475,000 0.0% -0.2% 
NORTH LAKES 83 $450,000 2.5% $447,250 4.0% 0.5% 
PETRIE 42 $361,000 1.7% $369,000 5.6% 1.1% 
REDCLIFFE ~ f 37 $374,500 10.1% $375,000 11.1% 7.1% 
ROTHWELL ~ 20 $372,500 -9.7% $365,000 4.3% -3.9% 
SAMFORD VALLEY ^ ~ 7 N/A N/A $900,000 15.2% 15.8% 
SANDSTONE POINT 11 $370,000 N/A $372,000 1.9% -3.5% 
SCARBOROUGH 45 $432,500 -3.4% $449,000 10.2% 12.3% 
STRATHPINE ~ 26 $380,000 9.7% $345,000 5.8% 2.7% 
UPPER CABOOLTURE 5 N/A N/A $316,000 1.5% -7.1% 
UPPER CABOOLTURE ^ 5 N/A N/A $520,000 7.2% N/A 
WAMURAN ^ ~ 5 N/A N/A $462,500 0.5% -9.8% 
WARNER 39 $475,000 1.9% $467,500 2.7% 6.3% 
WARNER ^ 8 N/A N/A $673,500 N/A 3.6% 
WOODY POINT ~ 14 $384,000 9.7% $380,000 -1.3% 6.0% 
WOORIM 8 N/A N/A $395,250 -6.6% -5.9%
BRISBANE MARKET UPDATES 
BRISBANE CITY HOUSE SALES (p) 
MAR 14 JUN 14 
1840 
p) Preliminary. Source: REIQ, BRISBANE SURROUNDS HOUSE SALES (p) 
INCLUDES BRISBANE IPSWICH, LOGAN, CITY MORETON UNIT BAY SALES & REDLAND 
(p) 
MAR MAR 14 14 JUN JUN 14 
14 
860 
454 
363 
44 
p) Preliminary. Source: REIQ, GOLD COAST HOUSE SALES (p) 
BRISBANE SURROUNDS UNIT SALES (p) 
INCLUDES BRISBANE IPSWICH, MAR LOGAN, 14 MORETON MAR CITY 14 LAND JUN BAY SALES & 14 
REDLAND 
JUN 14 
548 
(p) 
MAR 14 JUN 14 
13 
GOLD COAST UNIT SALES (p) 
SUNSHINE COAST & NOOSA HOUSE SALES (p) 
BRISBANE SURROUNDS LAND SALES (p) 
MAR 14 JUN 14 
Includes IPSWICH, LOGAN, MORETON BAY & REDLAND 
MAR 14 JUN 14 
(p) Preliminary. Source: (REIQ, p) Preliminary. Source: REIQ, (p) Preliminary. Source: REIQ, MAR 14 JUN 14 
JUNE QUARTER 2014 13 
SALES MARKET - HOUSES (CONT’D) 
SUBURB 
NUMBER 
OF SALES 
JUN-14 
MEDIAN 
SALE 
JUN-14 
QTRLY 
CHANGE 
MEDIAN 
SALE 
12MTHS 
JUN-14 
1YR 
CHANGE 
5YR 
CHANGE 
SALES MARKET - UNITS & TOWNHOUSES 
SALES MARKET - UNITS & TOWNHOUSES (CONT’D) 
SUBURB 
NUMBER 
OF SALES 
JUN-14 
MEDIAN 
SALE 
JUN-14 
QTRLY 
CHANGE 
MEDIAN 
SALE 
12MTHS 
JUN-14 
1YR 
CHANGE 
5YR 
CHANGE 
REDLAND (LGA) 473 $469,000 2.0% $460,000 2.2% 5.7% 
REDLAND (LGA) ^ 20 $830,000 4.1% $780,000 7.2% -2.5% 
ALEXANDRA HILLS 55 $409,500 -0.7% $408,000 4.9% 5.2% 
BIRKDALE 48 $480,000 0.2% $480,000 5.6% 10.1% 
CAPALABA 45 $440,000 7.6% $420,000 3.6% 3.7% 
CAPALABA ^ 5 N/A N/A $830,000 3.4% 11.0% 
CLEVELAND ~ 36 $477,500 -13.2% $510,000 -1.1% 3.0% 
MACLEAY ISLAND ~ f 11 $199,000 13.7% $199,000 -10.6% -23.2% 
MOUNT COTTON 24 $465,000 1.9% $465,000 1.3% 3.3% 
ORMISTON ~ 26 $545,000 3.8% $547,750 -7.2% -3.1% 
REDLAND BAY ~ 67 $521,000 10.1% $488,000 2.3% 1.9% 
RUSSELL ISLAND ~ 11 $147,500 -37.8% $202,000 15.4% -12.2% 
SHELDON ^ ~ 4 N/A N/A $780,000 16.4% N/A 
THORNESIDE 13 $470,000 8.0% $425,000 -0.6% 9.3% 
THORNLANDS ^ ~ 4 N/A N/A $787,500 1.0% -8.4% 
THORNLANDS ~ 37 $505,000 -9.1% $515,000 1.0% 1.0% 
VICTORIA POINT 42 $465,000 -1.1% $465,000 3.3% 4.5% 
WELLINGTON POINT 41 $510,000 8.5% $519,000 1.8% 6.5% 
SURROUNDS 
LOCKYER VALLEY (LGA) 32 $245,000 7.7% $240,000 0.0% -6.7% 
LOCKYER VALLEY (LGA) ^ 58 $326,500 -2.3% $330,000 0.0% 1.2% 
GATTON ~ 18 $251,750 11.3% $251,000 -3.1% -12.4% 
KENSINGTON GROVE ^ 3 N/A N/A $325,000 2.5% 2.0% 
LAIDLEY ~ 9 N/A N/A $200,000 -16.7% -19.0% 
PLAINLAND ^ 6 N/A N/A $325,000 4.0% 0.0% 
REGENCY DOWNS ^ 7 N/A N/A $305,000 2.7% -2.9% 
WITHCOTT ^ 4 N/A N/A $360,000 5.3% 12.5% 
SOMERSET (LGA) 28 $262,500 7.6% $260,000 9.5% 9.7% 
SOMERSET (LGA) ^ ~ 49 $390,000 17.0% $345,000 0.0% 1.8% 
ESK 3 N/A N/A $238,000 N/A N/A 
ESK ^ 6 N/A N/A $300,000 N/A N/A 
FERNVALE 9 N/A N/A $335,000 N/A N/A 
FERNVALE ^ 4 N/A N/A $379,500 N/A N/A 
LOWOOD ^ 8 N/A N/A $300,000 N/A -1.2% 
LOWOOD ~ 5 N/A N/A $263,750 -18.2% 13.4% 
MINDEN ^ 4 N/A N/A $334,000 N/A 2.1% 
TOOGOOLAWAH 3 N/A N/A $207,000 N/A 6.2% 
BRISBANE (SD) 2,467 $390,000 1.3% $385,000 1.3% 9.1% 
IPSWICH (LGA) * t 59 $289,900 26.0% $280,000 5.7% 5.3% 
BRASSALL 4 N/A N/A $219,500 N/A -19.6% 
BUNDAMBA 9 N/A N/A $290,000 N/A N/A 
GOODNA * t 13 $310,000 N/A $310,000 N/A 31.9% 
REDBANK PLAINS * t 4 N/A N/A $219,000 -21.3% -19.3% 
LOGAN (LGA) 187 $230,000 1.1% $242,000 -4.0% -5.1% 
BEENLEIGH ~ t 17 $169,000 N/A $170,000 -9.3% -28.6% 
BORONIA HEIGHTS 9 N/A N/A $200,000 N/A N/A 
EAGLEBY * t 6 N/A N/A $264,500 -12.1% -10.9% 
HILLCREST 7 N/A N/A $218,000 N/A N/A 
LOGAN CENTRAL 5 N/A N/A $167,000 N/A -10.7% 
MARSDEN 9 N/A N/A $320,000 -3.3% N/A 
ROCHEDALE SOUTH 11 $281,250 3.8% $268,000 1.8% -0.7% 
SHAILER PARK 5 N/A N/A $274,000 -0.4% -3.5% 
SLACKS CREEK 11 $211,000 N/A $195,000 1.0% -17.0% 
SPRINGWOOD ~ t 12 $278,600 20.3% $255,000 3.0% -3.8% 
UNDERWOOD 7 N/A N/A $384,000 -1.3% 4.0% 
WATERFORD WEST 7 N/A N/A $188,500 N/A -13.0% 
WOODRIDGE 26 $185,750 5.8% $179,000 -0.8% -10.5% 
MORETON BAY (LGA) 290 $320,000 3.7% $320,000 3.2% 3.2% 
ARANA HILLS 2 N/A N/A $366,500 -3.4% 8.1% 
BELLARA 1 N/A N/A $276,250 N/A -6.4% 
BONGAREE 7 N/A N/A $290,000 0.0% -1.7% 
BRENDALE 39 $275,000 7.4% $261,380 -8.3% -6.7% 
CABOOLTURE * t 17 $275,000 37.5% $223,500 -2.8% -22.1% 
CLONTARF * 9 N/A N/A $412,000 1.1% 23.0% 
DECEPTION BAY * 11 $220,000 -1.7% $265,000 20.5% 3.5% 
GRIFFIN 2 N/A N/A $349,000 -3.9% N/A 
KALLANGUR 20 $308,083 N/A $314,000 6.4% 1.3% 
KIPPA-RING 11 $295,000 N/A $263,500 9.3% -20.1% 
LAWNTON 4 N/A N/A $220,000 8.6% -10.2% 
MANGO HILL 8 N/A N/A $355,000 N/A N/A 
MARGATE ~ f 9 N/A N/A $356,500 12.7% 4.9% 
MORAYFIELD ~ 8 N/A N/A $256,300 -16.0% -3.3% 
MURRUMBA DOWNS 2 N/A N/A $348,000 -0.5% 12.6% 
NARANGBA 1 N/A N/A $335,000 N/A N/A 
NORTH LAKES 22 $359,000 0.3% $359,000 7.2% N/A 
REDCLIFFE 38 $340,000 9.7% $345,000 -6.5% 4.2% 
SCARBOROUGH * t f 22 $377,500 -7.4% $385,000 5.5% 1.2% 
STRATHPINE 5 N/A N/A $254,750 3.1% -6.4% 
WOODY POINT 8 N/A N/A $325,000 -6.5% -11.8% 
REDLAND (LGA) 94 $335,000 3.9% $345,000 4.0% 4.9% 
BIRKDALE 722 
7 N/A N/A $350,000 -6.7% 6.1% 
CAPALABA ~ t 15 $323,500 13.5% $296,000 2.4% -3.0% 
CLEVELAND ~ 112 
28 $425,000 13.6% $400,000 14.6% 7.7% 
ORMISTON * t 5 N/A N/A $328,000 -21.0% -0.6% 
THORNESIDE 10 $307,500 N/A $312,500 14.9% 1.1% 
1401 
770 
166 164 
235 
<$350,000 $350,000+ $500,000+ $1m+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
973 972 
409 
18 
1154 1157 
472 
18 
<$350,000 $350,000+ $500,000+ $1m+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
70 
480 480 
490 
65 77 
84 
<$350,000 $350,000+ $500,000+ $1m+ 
(p) Preliminary. See explanatory Source: REIQ, data provided 81 
437 
311 
31 
79 
440 
346 
37 
<$350,000 $350,000+ $500,000+ $1m+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
(p) Preliminary. Source: REIQ, (330 
651 
371 
57 30 
45 
<$250,000 $250,000+ $350,000+ $500,000+ $1m+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
182 
207 
99 
43 
3 
197 
260 
111 
46 
5 
<$250,000 $250,000+ $350,000+ $500,000+ $1m+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
235 
447 
391 
241 
46 
273 
520 
451 
290 
36 
<$250,000 $250,000+ $350,000+ $500,000+ $1m+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
SUNSHINE COAST & NOOSA UNIT SALES (p) 
MAR 14 JUN 14 
(p) Preliminary. Source: REIQ, (59 
38 
9 
43 40 40 
31 
<$250,000 $250,000+ $350,000+ $500,000+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
53 
21 
5 
71 
36 
3 
$250,000+ $350,000+ $500,000+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
88 
GOLD COAST LAND SALES (p) 
MAR 14 JUN 14 
(p) Preliminary. Source: REIQ, (p) Preliminary. Source: REIQ,
BRISBANE MARKET UPDATES 
SALES MARKET - VACANT LAND 
SUBURB 
NUMBER 
OF SALES 
JUN-14 
MEDIAN 
SALE 
JUN-14 
14 QUEENSLAND MARKET MONITOR 
QTRLY 
CHANGE 
MEDIAN 
SALE 
12MTHS 
JUN-14 
1YR 
CHANGE 
5YR 
CHANGE 
BRISBANE (SD) 643 $215,700 -1.5% $212,000 1.4% 1.0% 
BRISBANE (SD) ^ 70 $270,000 1.9% $262,500 -0.9% 5.0% 
IPSWICH (LGA) 105 $175,000 1.7% $175,000 0.0% 2.9% 
IPSWICH (LGA) ^ 5 N/A N/A $245,000 5.8% 4.3% 
AUGUSTINE HEIGHTS 5 N/A N/A $210,000 3.4% -5.2% 
BELLBIRD PARK * 11 $188,000 N/A $197,000 -1.5% N/A 
BRASSALL 7 N/A N/A $180,000 5.9% 4.0% 
BUNDAMBA 4 N/A N/A $159,950 5.9% N/A 
DEEBING HEIGHTS 3 N/A N/A $150,000 -1.4% N/A 
GOODNA 7 N/A N/A $175,000 -5.4% 2.9% 
KARALEE ^ 3 N/A N/A $257,500 1.8% 8.4% 
LEICHHARDT 6 N/A N/A $167,500 N/A N/A 
RACEVIEW * 17 $172,000 N/A $170,500 4.0% 1.8% 
REDBANK PLAINS * 4 N/A N/A $139,950 -9.7% -17.1% 
SPRINGFIELD LAKES * 25 $160,000 -3.6% $179,000 2.3% 8.5% 
LOGAN (LGA) 137 $195,000 -0.3% $179,000 -4.0% -9.6% 
LOGAN (LGA) ^ 17 $264,000 -3.6% $260,000 4.0% 13.5% 
BUCCAN ^ * 2 N/A N/A $292,500 N/A N/A 
CORNUBIA * 14 $347,500 N/A $345,000 1.5% N/A 
HOLMVIEW 5 N/A N/A $174,625 -3.9% -16.8% 
JIMBOOMBA 5 N/A N/A $169,000 N/A -9.6% 
JIMBOOMBA ^ ~ 1 N/A N/A $239,900 17.9% 27.9% 
LOGAN RESERVE * 22 $151,388 N/A $157,250 1.5% N/A 
LOGAN VILLAGE 8 N/A N/A $258,250 N/A N/A 
MARSDEN 6 N/A N/A $181,250 -7.1% -3.8% 
NEW BEITH ^ 4 N/A N/A $260,000 0.0% 8.3% 
UNDERWOOD ~ 7 N/A N/A $385,000 20.3% 20.3% 
WATERFORD * 22 $190,000 N/A $186,250 1.8% 7.7% 
WOODHILL ^ 5 N/A N/A $219,500 -0.7% N/A 
YARRABILBA * 21 $115,000 N/A $139,800 -11.6% N/A 
MORETON BAY (LGA) 168 $215,000 1.6% $210,600 2.7% 2.5% 
MORETON BAY (LGA) ^ 35 $260,000 -3.7% $260,000 -5.5% -10.3% 
BANKSIA BEACH 3 N/A N/A $452,500 -1.6% -2.7% 
BRAY PARK 4 N/A N/A $204,500 3.8% -7.0% 
BURPENGARY 8 N/A N/A $210,900 0.0% N/A 
BURPENGARY EAST ^ 1 N/A N/A $311,500 N/A N/A 
CABOOLTURE 16 $172,500 3.9% $178,700 -2.1% -3.5% 
CABOOLTURE ^ * 10 $257,500 N/A $260,000 0.0% N/A 
D'AGUILAR 2 N/A N/A $160,000 N/A -9.1% 
DAKABIN * 5 N/A N/A $200,000 1.3% N/A 
GRIFFIN * 23 $214,000 -0.5% $210,000 2.4% 5.5% 
MANGO HILL * 20 $225,000 N/A $228,000 7.5% -0.8% 
MORAYFIELD * 6 N/A N/A $172,000 -4.4% -9.5% 
MURRUMBA DOWNS 3 N/A N/A $272,500 N/A 11.2% 
NARANGBA 17 $208,500 N/A $201,450 1.7% -8.4% 
NORTH LAKES 16 $240,000 N/A $229,000 9.0% 10.9% 
WAMURAN ^ * 1 N/A N/A $236,000 N/A N/A 
WARNER * 14 $228,750 N/A $227,000 2.7% 0.9% 
WOODFORD ^ 3 N/A N/A $213,500 2.7% N/A 
REDLAND (LGA) ~ B 79 $70,000 75.0% $130,000 -44.7% -31.9% 
BIRKDALE 10 $299,000 N/A $314,000 N/A N/A 
MACLEAY ISLAND ~ f 19 $30,000 13.2% $26,500 -1.9% -58.6% 
MOUNT COTTON 1 N/A N/A $255,000 0.0% 6.3% 
REDLAND BAY 1 N/A N/A $265,000 0.0% 1.9% 
RUSSELL ISLAND ~ * 21 $20,000 -9.1% $20,250 -1.2% -59.5% 
THORNLANDS * 15 $275,000 -2.0% $285,000 4.8% 14.0% 
VICTORIA POINT 3 N/A N/A $265,000 N/A N/A 
WELLINGTON POINT - N/A N/A $335,000 4.7% 0.0% 
SURROUNDS 
LOCKYER VALLEY (LGA) 16 $100,000 N/A $100,000 0.0% -13.0% 
LOCKYER VALLEY (LGA) ^ * 23 $125,000 8.7% $125,000 4.2% -3.8% 
HATTON VALE ^ 5 N/A N/A $138,000 -2.5% N/A 
LAIDLEY NORTH * 10 $100,000 N/A $100,000 N/A N/A 
WITHCOTT ^ * 3 N/A N/A $149,000 N/A N/A 
SALES MARKET - VACANT LAND (CONT’D) 
SUBURB 
NUMBER 
OF SALES 
JUN-14 
MEDIAN 
SALE 
JUN-14 
QTRLY 
CHANGE 
MEDIAN 
SALE 
12MTHS 
JUN-14 
1YR 
CHANGE 
5YR 
CHANGE 
SOMERSET (LGA) 9 N/A N/A $135,000 0.0% 4.7% 
FERNVALE 4 N/A N/A $142,000 N/A 9.2% 
RENTAL MARKET - 3 BED HOUSES 
POST JUN-14 JUN-13 
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS 
IPSWICH CITY $300 710 $290 818 
4300 AUGUSTINE HEIGHTS $335 185 $330 200 
4301 COLLINGWOOD PARK $310 100 $305 94 
4303 DINMORE $260 18 $270 25 
4304 BLACKSTONE $285 89 $280 96 
4305 BASIN POCKET $275 252 $275 319 
4306 AMBERLEY $310 44 $300 55 
4340 ASHWELL $280 19 $280 25 
LOGAN CITY $335 868 $330 897 
4114 KINGSTON $310 171 $310 156 
4118 BROWNS PLAINS $345 84 $340 104 
4119 UNDERWOOD $375 14 $395 7 
4123 PRIESTS GULLY $380 34 $370 49 
4124 BORONIA HEIGHTS $330 30 $330 43 
4125 MUNRUBEN $400 9 N.A. 4 
4127 CHATSWOOD HILLS $350 81 $360 78 
4128 KIMBERLEY PARK $400 33 $380 43 
4129 LOGANDALE $355 25 $350 29 
4130 CARBROOK $375 10 $380 7 
4131 LOGANLEA $330 24 $320 30 
4132 CRESTMEAD $325 74 $320 92 
4133 CHAMBERS FLAT $345 49 $330 36 
4205 BETHANIA $330 17 $320 22 
4207 ALBERTON $325 185 $325 172 
4280 JIMBOOMBA $400 24 $360 23 
MORETON BAY REGIONAL $340 1,008 $330 1,064 
4019 CLONTARF $350 71 $340 91 
4020 NEWPORT $350 75 $335 86 
4021 KIPPA-RING $340 37 $345 28 
4022 ROTHWELL $330 10 $330 14 
4035 ALBANY CREEK $400 27 $395 30 
4055 BUNYA $410 25 $400 39 
4500 BRAY PARK $355 77 $360 75 
4501 LAWNTON $340 13 $325 16 
4502 FRENCHS FOREST $340 16 $350 26 
4503 DAKABIN $355 88 $340 103 
4504 NARANGBA $340 25 $330 27 
4505 BURPENGARY $324 32 $330 23 
4506 MOORINA $295 63 $290 60 
4507 BANKSIA BEACH $320 46 $320 54 
4508 DECEPTION BAY $310 72 $295 81 
4509 MANGO HILL $380 98 $375 62 
4510 BALINGOOL $290 173 $285 187 
4511 GODWIN BEACH $305 18 $300 28 
4512 BRACALBA $370 5 $370 5 
4514 BELLTHORPE $300 14 $325 13 
4520 ARMSTRONG CREEK $445 12 N.A. 3 
4521 CAMPBELLS POCKET $370 5 $350 5 
REDLAND CITY $380 320 $380 319 
4157 CAPALABA $380 28 $390 41 
4158 THORNESIDE $360 12 $390 11 
4159 AQUATIC PARADISE $385 27 $360 19 
4160 EROBIN $400 30 $380 30 
4161 ALEXANDRA HILLS $390 46 $385 47 
4163 CLEVELAND $405 37 $395 28 
4164 PINKLANDS $360 16 $410 7 
4165 MOUNT COTTON $380 54 $390 68 
4183 AMITY $350 6 $315 6 
4184 COOCHIEMUDLO ISLAND $240 64 $235 62
BRISBANE MARKET UPDATES 
JUNE QUARTER 2014 15 
RENTAL MARKET - 3 BED HOUSES (CONT’D) 
POST JUN-14 JUN-13 
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS 
LOCKYER VALLEY REGIONAL $280 98 $270 133 
4341 BLENHEIM $275 41 $270 54 
4342 CROWLEY VALE $285 9 $250 10 
4343 ADARE $280 39 $275 62 
4344 CARPENDALE $250 5 $250 5 
SOMERSET REGIONAL $270 73 $260 71 
4311 ATKINSONS DAM $275 29 $260 39 
4312 BRYDEN $250 14 $250 12 
4313 BIARRA $230 11 $230 5 
4515 GLENFERN $300 19 $300 15 
RENTAL MARKET - 2 BED UNITS 
IPSWICH CITY $255 149 $240 122 
4300 AUGUSTINE HEIGHTS $275 31 $250 28 
4301 COLLINGWOOD PARK $260 19 $260 20 
4304 BLACKSTONE $240 13 $240 28 
4305 BASIN POCKET $250 81 $225 44 
LOGAN CITY $265 196 $250 194 
4114 KINGSTON $260 65 $250 78 
4127 CHATSWOOD HILLS $310 21 $290 21 
4128 KIMBERLEY PARK $290 8 $0 - 
4132 CRESTMEAD $250 7 $235 6 
4133 CHAMBERS FLAT $240 12 $255 11 
4207 ALBERTON $255 68 $245 62 
4280 JIMBOOMBA $270 5 N.A. 3 
MORETON BAY REGIONAL $270 447 $270 427 
4019 CLONTARF $270 71 $270 69 
4020 NEWPORT $295 73 $285 96 
4021 KIPPA-RING $265 15 N.A. 4 
4500 BRAY PARK $295 32 $280 28 
4501 LAWNTON $280 9 $260 14 
4503 DAKABIN $280 40 $280 30 
4505 BURPENGARY $250 9 $260 12 
4506 MOORINA $260 13 $270 11 
4507 BANKSIA BEACH $270 43 $260 56 
4508 DECEPTION BAY $240 22 $290 9 
4509 MANGO HILL $315 18 $315 10 
4510 BALINGOOL $255 87 $250 73 
REDLAND CITY $325 74 $295 72 
4157 CAPALABA $320 19 $295 10 
4163 CLEVELAND $360 33 $340 25 
4165 MOUNT COTTON $220 7 $191 8 
LOCKYER VALLEY REGIONAL $220 16 $240 17 
4343 ADARE $245 10 $245 15 
RENTAL MARKET - 3 BED TOWNHOUSES 
POST JUN-14 JUN-13 
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS 
IPSWICH CITY $310 97 $305 88 
4300 AUGUSTINE HEIGHTS $320 41 $330 17 
4301 COLLINGWOOD PARK $310 20 $300 28 
4304 BLACKSTONE $310 19 $305 20 
4305 BASIN POCKET $305 17 $296 23 
LOGAN CITY $335 391 $325 352 
4114 KINGSTON $310 45 $300 41 
4118 BROWNS PLAINS $345 47 $345 50 
4119 UNDERWOOD $405 14 $405 20 
4123 PRIESTS GULLY $355 9 $320 8 
4127 CHATSWOOD HILLS $320 44 $325 39 
4128 KIMBERLEY PARK $340 9 $330 12 
4131 LOGANLEA $341 30 $355 25 
4132 CRESTMEAD $340 60 $340 25 
4133 CHAMBERS FLAT $320 22 $315 19 
4207 ALBERTON $320 102 $320 107 
MORETON BAY REGIONAL $330 454 $330 473 
4019 CLONTARF $320 12 $350 7 
4020 NEWPORT $330 9 $325 14 
4021 KIPPA-RING $325 54 $325 53 
4035 ALBANY CREEK $380 5 $370 14 
4055 BUNYA $350 8 N.A. 4 
4500 BRAY PARK $350 28 $335 56 
4501 LAWNTON $340 11 $330 10 
4502 FRENCHS FOREST $320 8 $330 13 
4503 DAKABIN $335 140 $335 117 
4504 NARANGBA $345 9 $340 11 
4505 BURPENGARY $315 29 $310 33 
4506 MOORINA $310 14 $290 14 
4507 BANKSIA BEACH $315 8 $290 6 
4508 DECEPTION BAY $305 43 $300 42 
4509 MANGO HILL $345 56 $345 48 
4510 BALINGOOL $295 16 $295 25 
REDLAND CITY $385 112 $380 89 
4157 CAPALABA $360 13 $350 10 
4158 THORNESIDE $375 10 $380 11 
4160 EROBIN $390 19 $375 16 
4163 CLEVELAND $405 35 $380 22 
4165 MOUNT COTTON $385 24 $385 21 
Find out more 
EXPERTS’ GUIDE 
TO BUYING PROPERTY 
BRISBANE - Sat 11 Oct 
INFORMATION CAN BE HARD TO FIND
REGIONAL MARKET UPDATES 
GOLD COAST 
16 QUEENSLAND MARKET MONITOR 
GOLD COAST HOUSE SALES (p) 
MAR 14 JUN 14 
480 
548 
Average vendor discounting on the Gold Coast is down 
to 6.1 per cent, compared to 12.9 per cent in June 2013. 
Over the same period, average days on market on the Gold 
Coast fell from 109 to 74. 
UNIT MARKET 
The Gold Coast unit and townhouse market performed 
strongly in the June quarter, with preliminary sales figures 
up 10 per cent. While there was a dip in prestige unit sales 
priced above $1 million, all other sectors of the unit market 
performed strongly. 
Unit sales increases up to $500,000 were strongest, with 
the $500,000 to $1 million price bracket also recording 
healthy growth. The median unit and townhouse price 
on the Gold Coast at the end of the June quarter was 
$352,000 – up 3.5 per cent over the last 12 months. 
Coolangatta, Palm Beach, Burleigh Heads on the southern 
end of the Coast recorded strong sales increases, with 
canal suburbs Mermaid Waters and Burleigh Waters also 
performing well. 
Sales were also strong in suburbs on the northern edge 
of the Gold Coast such as Coomera, Helensvale and 
Upper Coomera. 
RENTAL MARKET 
The Gold Coast recorded a drop in its vacancy rate in the 
June quarter, down 0.5 percentage points to 1.7 per cent – 
a result not seen since December 2012. 
Local agents report the tight vacancy rate is driven by 
strong economic development which is increasing 
competition for rental properties. They report that 
vacancies are being snapped up quickly by tenants, which 
is making rental properties more attractive to investors. 
Gold Coast real estate continues to gain momentum with 
investors returning to the market as a result of low interest 
rates, low vacancy rates and improvements in the local 
economy. Local agents report that investors see the Gold 
Coast as a good value alternative to interstate markets, 
which have been recording double digit price growth. 
Demand continues to be strong for properties in suburbs 
surrounding the Gold Coast Health and Knowledge Precinct. 
The new Gold Coast light rail system is also delivering 
an important economic boost, as investors grow more 
confident about the city’s long term prospects. 
Local agents report the 2018 Commonwealth Games is 
driving renewed interest in the market from local, interstate 
and overseas investors, with a number of Asian airlines also 
increasing the number of direct flights to the Gold Coast. 
HOUSE MARKET 
The housing market in all price brackets is performing 
well, with stock remaining tight and demand solid. Sale 
volumes have increased across most areas of the market 
with the medium price of houses increasing by 7.5 per 
cent in the year to June 2014. 
Gold Coast housing picked up where it left off in the 
March quarter, recording consistent sales activity and 
solid price growth. Preliminary sales activity in Surfers 
Paradise were up nine per cent over the June quarter. 
Hinterland suburbs Nerang and Mudgeeraba were among 
the other star performers to post healthy sales increases, 
along with Molendinar and Robina. Jacob’s Well, Yatala 
and Upper Coomera on the northern tip of the Gold Coast 
also recorded steady sales increases in the June quarter. 
The strongest sales activity occurred in the $500,000-plus 
price bracket, with the prestige end of the market priced 
upwards of $1 million also performing strongly. 
Auctions are also said to be getting more competitive, 
with many properties selling above their reserve 
price in another sign that confidence is returning to 
the marketplace. 
The acreage sector is also on the rise, with preliminary 
sales for the June quarter up seven per cent on the back of 
strong prestige sales. 
Agents report that buyers in all sectors remain price 
sensitive but they remain confident of steady price growth 
going forward, without any large upward spikes. 
409 
18 
472 
18 
<$350,000 $350,000+ $500,000+ $1m+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
70 
480 490 
65 77 
84 
<$350,000 $350,000+ $500,000+ $1m+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
81 
SUNSHINE COAST & NOOSA HOUSE SALES (p) 
437 
MAR 14 JUN 14 
311 
31 
79 
440 
346 
37 
<$350,000 $350,000+ $500,000+ $1m+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
(p) Preliminary. Source: REIQ, data (p) Preliminary. Source: REIQ, (p) Preliminary. Source: REIQ,
17 
REGIONAL MARKET UPDATES 
SALES MARKET - UNITS & TOWNHOUSES 
JUNE QUARTER 2014 
SALES MARKET - HOUSES (CONT’D) 
SUBURB 
NUMBER 
OF SALES 
JUN-14 
MEDIAN 
SALE 
JUN-14 
QTRLY 
CHANGE 
MEDIAN 
SALE 
12MTHS 
JUN-14 
1YR 
CHANGE 
5YR 
CHANGE 
SALES MARKET - HOUSES 
SUBURB 
NUMBER 
OF SALES 
JUN-14 
MEDIAN 
SALE 
JUN-14 
QTRLY 
CHANGE 
MEDIAN 
SALE 
12MTHS 
JUN-14 
1YR 
CHANGE 
5YR 
CHANGE 
GOLD COAST (LGA) 1,230 $515,000 3.0% $494,500 5.4% 5.4% 
GOLD COAST (LGA) ^ 133 $678,000 -1.3% $657,250 4.3% -0.4% 
ARUNDEL 40 $475,000 5.0% $469,000 -1.8% 0.9% 
ASHMORE ~ 33 $465,000 -8.1% $469,500 9.2% 2.1% 
BENOWA 36 $725,500 7.6% $705,000 10.8% 3.7% 
BIGGERA WATERS ~ 8 N/A N/A $550,000 14.6% 2.4% 
BONOGIN ^ ~ 12 $590,000 12.4% $570,000 -1.0% -6.9% 
BROADBEACH WATERS ~ 43 $851,500 4.5% $802,500 12.9% -0.9% 
BUNDALL 21 $765,000 4.1% $768,500 8.2% -6.1% 
BURLEIGH HEADS ~ 18 $637,500 13.3% $580,000 11.5% 10.3% 
BURLEIGH WATERS 40 $622,000 8.2% $580,000 9.4% 5.9% 
CARRARA 29 $485,000 1.2% $450,500 3.6% 4.3% 
CLEAR ISLAND WATERS ~ f 14 $800,000 -11.6% $796,500 8.0% 2.8% 
COOMBABAH 21 $390,000 -0.3% $389,500 -3.8% -2.6% 
COOMERA ~ 17 $370,000 -9.5% $358,000 1.6% -11.3% 
CURRUMBIN ~ f 6 N/A N/A $750,000 33.3% N/A 
CURRUMBIN VALLEY ^ 2 N/A N/A $770,000 0.0% 5.5% 
CURRUMBIN WATERS 24 $505,000 -3.8% $500,000 4.2% 5.3% 
ELANORA 37 $529,000 -1.1% $510,000 7.4% 6.3% 
HELENSVALE 60 $481,000 -0.6% $475,000 3.4% 2.4% 
HELENSVALE ^ ~ 5 N/A N/A $760,000 -2.9% -12.1% 
HIGHLAND PARK ~ 12 $400,500 -11.5% $410,000 3.0% 2.5% 
HOLLYWELL ~ 9 N/A N/A $566,000 14.9% 9.4% 
HOPE ISLAND ~ f 30 $583,500 21.1% $522,000 11.7% -1.5% 
JACOBS WELL 5 N/A N/A $404,750 9.4% 6.3% 
LABRADOR 21 $440,000 -1.1% $420,000 9.1% 1.9% 
MAUDSLAND 9 N/A N/A $450,000 5.4% 7.1% 
MAUDSLAND ^ 4 N/A N/A $671,250 -0.2% -5.5% 
MERMAID BEACH ~ f 6 N/A N/A $885,000 4.1% -18.1% 
MERMAID WATERS 32 $660,000 3.1% $655,000 7.4% 5.6% 
MERRIMAC 10 $425,000 1.1% $417,500 9.9% 1.8% 
MIAMI ~ 11 $580,000 11.8% $575,000 16.3% 15.0% 
MOLENDINAR 23 $545,000 9.0% $500,000 8.7% 7.5% 
MUDGEERABA 25 $483,250 2.0% $470,000 9.3% 8.7% 
MUDGEERABA ^ 11 $615,000 N/A $630,000 2.3% 1.6% 
NERANG 41 $365,000 -3.1% $365,000 6.1% -1.5% 
NERANG ^ 9 N/A N/A $717,750 2.5% 8.3% 
ORMEAU 42 $419,250 -0.9% $410,000 1.2% -2.6% 
ORMEAU ^ 5 N/A N/A $637,500 -0.4% 6.3% 
ORMEAU HILLS 10 $432,000 N/A $449,500 0.6% N/A 
OXENFORD 32 $407,500 -4.1% $433,750 6.2% 3.3% 
PACIFIC PINES 45 $447,500 -1.5% $452,500 0.6% 1.0% 
PALM BEACH ~ 40 $611,250 11.6% $540,000 7.1% 4.3% 
PARADISE POINT ~ f 30 $750,000 -7.4% $790,000 -4.8% -8.7% 
PARKWOOD ~ 21 $473,500 -10.7% $465,000 3.3% 1.1% 
PIMPAMA 5 N/A N/A $390,000 6.8% N/A 
REEDY CREEK 16 $610,500 0.2% $611,000 -0.7% -1.1% 
ROBINA ~ 62 $559,000 11.8% $535,000 5.2% 4.1% 
RUNAWAY BAY 22 $638,750 -2.5% $760,000 7.0% -6.2% 
SOUTHPORT 43 $460,000 4.0% $440,000 5.8% -2.2% 
SURFERS PARADISE 24 $1,118,750 1.7% $1,150,000 4.5% -8.0% 
TALLAI ^ 8 N/A N/A $720,000 2.9% 6.7% 
TALLEBUDGERA ^ ~ 18 $672,500 -20.2% $675,000 3.8% -8.2% 
TALLEBUDGERA VALLEY ^ 5 N/A N/A $725,000 N/A N/A 
TUGUN ~ 15 $512,500 4.3% $495,000 12.6% 9.6% 
UPPER COOMERA 81 $407,000 -4.2% $398,000 4.7% -1.7% 
UPPER COOMERA ^ 7 N/A N/A $637,000 N/A N/A 
VARSITY LAKES 29 $463,500 -3.4% $470,000 0.0% 3.8% 
WILLOW VALE ^ 2 N/A N/A $825,000 9.6% N/A 
WORONGARY 9 N/A N/A $405,000 8.0% 6.7% 
WORONGARY ^ 3 N/A N/A $627,500 8.2% 8.2% 
YATALA ^ 6 N/A N/A $621,750 N/A N/A 
SURROUNDS 
SCENIC RIM (LGA) 49 $355,000 -2.1% $350,000 2.9% 2.9% 
SCENIC RIM (LGA) ^ 55 $476,000 -0.8% $460,000 3.6% 4.0% 
BEAUDESERT 16 $310,000 -3.1% $310,000 -1.6% 0.0% 
BOONAH 1 N/A N/A $283,500 3.1% -0.5% 
KOORALBYN ^ 3 N/A N/A $315,000 1.2% 0.0% 
TAMBORINE ^ ~ 15 $492,500 -15.5% $515,000 8.9% 8.7% 
TAMBORINE MOUNTAIN 19 $417,500 -0.6% $417,500 6.4% -7.2% 
TAMBORINE MOUNTAIN ^ ~ 7 N/A N/A $602,500 -10.5% -2.8% 
GOLD COAST (LGA) 1,595 $350,000 0.0% $352,000 3.5% -2.2% 
ARUNDEL 12 $295,000 N/A $300,000 0.0% -3.2% 
ASHMORE 22 $280,000 -4.7% $275,000 7.8% -7.1% 
BENOWA - 6 N/A N/A $370,000 -1.3% 15.6% 
BIGGERA WATERS * f 58 $325,000 2.8% $376,000 14.3% 10.6% 
BILINGA ~ 8 N/A N/A $415,000 21.5% -21.7% 
BROADBEACH ~ f 63 $450,000 18.4% $420,000 -10.6% -6.7% 
BROADBEACH WATERS 6 N/A N/A $370,000 5.7% -7.5% 
BUNDALL 5 N/A N/A $325,500 0.9% 1.7% 
BURLEIGH HEADS 68 $405,000 3.6% $378,250 5.1% -4.5% 
BURLEIGH WATERS 38 $320,000 -5.2% $330,000 4.8% -8.3% 
CARRARA - ~ 35 $338,750 -9.4% $394,950 -1.3% 3.0% 
CLEAR ISLAND WATERS - 11 $431,500 N/A $439,750 4.7% 17.3% 
COOLANGATTA ~ f 55 $366,000 -8.5% $375,000 -3.8% -15.1% 
COOMBABAH 39 $310,000 -3.1% $300,000 0.0% -3.2% 
COOMERA - t * 6 N/A N/A $240,250 -14.2% -18.6% 
CURRUMBIN 8 N/A N/A $391,500 1.0% -6.8% 
CURRUMBIN WATERS ~ f 14 $302,500 -11.9% $300,000 4.9% -6.1% 
ELANORA 18 $297,500 -2.1% $295,000 3.5% -4.8% 
HELENSVALE - ~ t 24 $329,500 -7.6% $311,250 22.1% 3.8% 
HIGHLAND PARK 6 N/A N/A $247,000 N/A -13.3% 
HOPE ISLAND - 23 $420,000 7.3% $365,000 9.4% 8.1% 
LABRADOR ~ 67 $317,000 -1.7% $320,000 12.6% 3.2% 
MAIN BEACH ~ f 41 $530,000 -19.4% $555,000 -2.6% -10.8% 
MERMAID BEACH f 34 $405,000 38.7% $350,000 12.9% -2.0% 
MERMAID WATERS ~ f 31 $316,500 20.5% $300,000 2.6% -4.8% 
MERRIMAC ~ 16 $284,000 1.4% $355,000 18.3% 12.7% 
MIAMI 26 $365,000 5.8% $340,500 0.1% -5.4% 
MUDGEERABA ~ t 17 $328,000 16.7% $315,000 -11.3% -6.0% 
NERANG 41 $256,000 0.4% $271,000 5.9% -4.9% 
ORMEAU 7 N/A N/A $324,500 6.4% -7.6% 
OXENFORD ~ t 16 $292,500 10.2% $270,000 10.9% -3.6% 
PACIFIC PINES ~ t 32 $365,000 14.1% $367,500 5.6% 0.7% 
PALM BEACH 59 $355,000 -5.3% $350,000 8.2% 0.0% 
PARADISE POINT ~ f 15 $450,000 -17.4% $510,000 -11.7% 20.0% 
PIMPAMA - ~ t 12 $342,000 N/A $366,400 -5.9% N/A 
REEDY CREEK ~ 14 $305,000 -3.6% $299,000 16.8% 0.3% 
ROBINA 33 $380,500 -4.3% $400,000 -2.4% -7.0% 
RUNAWAY BAY ~ f 21 $395,000 -9.2% $420,000 -2.9% -1.2% 
SOUTHPORT ~ f 114 $297,750 -12.4% $329,500 9.8% -9.7% 
SURFERS PARADISE 226 $348,000 5.5% $350,500 1.6% -5.3% 
TUGUN 25 $377,500 5.4% $375,000 7.1% -12.0% 
UPPER COOMERA - 15 $305,000 0.0% $295,000 3.5% -13.2% 
VARSITY LAKES 42 $370,000 -5.1% $375,000 4.4% -3.9% 
SURROUNDS 
SCENIC RIM (LGA) ~ t 7 N/A N/A $260,000 N/A 30.0% 
Local agents report the 
2018 Commonwealth 
Games is driving renewed 
interest in the market 
from local, interstate and 
overseas investors
<$250,000 (p) Preliminary. See Source: REIQ, data provided 1 (p) Preliminary. Source: REIQ, data $REGIONAL MARKET UPDATES 
GOLD COAST LAND SALES (p) 
MAR 14 JUN 14 
SUNSHINE COAST & NOOSA LAND SALES (p) 
SALES MARKET - VACANT LAND 
MAR 14 JUN 14 
SUBURB 
NUMBER 
OF SALES 
JUN-14 
MEDIAN 
SALE 
JUN-14 
18 QUEENSLAND MARKET MONITOR 
3 
<$250,000 $250,000+ $350,000+ $500,000+ $1m+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
235 
GOLD COAST UNIT SALES (p) 
BUNDABERG LAND SALES (p) 
MAR 14 JUN 14 
447 
MAR 14 JUN 14 
391 
241 
46 
273 
520 
451 
290 
36 
<$250,000 $250,000+ $350,000+ $500,000+ $1m+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
79 
GLADSTONE LAND SALES (p) 
SUNSHINE COAST & NOOSA UNIT SALES (p) 
MAR 14 JUN 14 
181 
MAR 14 JUN 14 
164 
109 
23 
105 
197 
177 
105 
27 
<$250,000 $250,000+ $350,000+ $500,000+ $1m+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
(p) Preliminary. Source: REIQ, data (p) Preliminary. Source: REIQ, data 18 
5 250,000+ $350,000+ $500,000+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
64 
26 
5 6 
88 
33 
8 
16 
<$250,000 $250,000+ $350,000+ $500,000+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
50 
QTRLY 
CHANGE 
MEDIAN 
SALE 
12MTHS 
JUN-14 
20 15 10 
71 
35 
21 
CHANGE 
10 
1YR 
<$250,000 $250,000+ $350,000+ $500,000+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
30 
1 1 
40 
1 0 
<$250,000 $250,000+ $350,000+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
62 
0 0 
<$250,000 $250,000+ $350,000+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
14 
1 0 
16 
0 1 
<$250,000 $250,000+ $350,000+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
<$250,000 (p) Preliminary. See Source: REIQ, data provided 44 
<$250,000 (p) Preliminary. See explanatory Source: REIQ, data provided RENTAL MARKET - 2 BED UNITS 
POST JUN-14 JUN-13 
5YR 
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS 
CHANGE 
RENTAL MARKET - 3 BED HOUSES 
RENTAL MARKET - 3 BED TOWNHOUSES 
POST JUN-14 JUN-13 
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS 
GOLD COAST CITY $430 960 $420 1,005 
4208 BURNSIDE $390 26 $370 30 
4209 COOMERA $380 97 $365 73 
4210 OXENFORD $390 18 $390 27 
4211 ADVANCETOWN $400 106 $385 124 
4212 HELENSVALE $440 62 $435 45 
4213 BONOGIN $430 55 $430 37 
4214 ARUNDEL $420 82 $400 87 
4215 LABRADOR $400 112 $385 105 
4216 PARADISE POINT $410 64 $390 77 
4217 BENOWA $560 28 $575 52 
4218 BROADBEACH $520 41 $500 83 
4220 BURLEIGH HEADS $485 52 $465 52 
4221 ELANORA $480 47 $440 46 
4223 CURRUMBIN $465 29 $410 19 
4224 TUGUN $430 13 $440 14 
4225 BILINGA $440 6 $400 12 
4226 CLEAR ISLAND WATERS $450 79 $450 76 
4227 REEDY CREEK $440 39 $430 41 
SCENIC RIM REGIONAL $340 114 $300 112 
4270 TAMBORINE $380 6 $370 8 
4271 EAGLE HEIGHTS $380 9 $350 9 
4272 MOUNT TAMBORINE $385 19 $360 9 
4275 BENOBBLE $360 8 $390 10 
4285 ALLENVIEW $310 46 $300 45 
4307 COLEYVILLE $240 5 N.A. 3 
4309 ARATULA $265 5 $265 9 
4310 ALLANDALE $260 13 $250 17 
GOLD COAST CITY $360 2,408 $350 2,487 
4209 COOMERA $310 11 $300 11 
4210 OXENFORD $300 14 $290 22 
4211 ADVANCETOWN $365 46 $310 35 
4212 HELENSVALE $420 48 $390 44 
4214 ARUNDEL $325 26 $290 28 
4215 LABRADOR $350 475 $340 513 
4216 PARADISE POINT $350 198 $330 174 
4217 BENOWA $395 574 $380 567 
4218 BROADBEACH $365 340 $360 375 
4220 BURLEIGH HEADS $370 185 $360 194 
4221 ELANORA $310 137 $310 139 
4223 CURRUMBIN $365 36 $350 46 
4224 TUGUN $330 44 $310 40 
4225 BILINGA $330 105 $325 125 
4226 CLEAR ISLAND WATERS $400 53 $385 46 
4227 REEDY CREEK $336 111 $350 121 
SCENIC RIM REGIONAL $220 37 $216 37 
4285 ALLENVIEW $210 30 $200 28 
GOLD COAST CITY $380 1,089 $375 1,181 
4208 BURNSIDE $370 13 $370 14 
4209 COOMERA $350 137 $340 174 
4210 OXENFORD $350 19 $350 15 
4211 ADVANCETOWN $370 175 $360 215 
4212 HELENSVALE $435 52 $420 38 
4213 BONOGIN $370 29 $350 39 
4214 ARUNDEL $380 49 $360 43 
4215 LABRADOR $380 128 $385 120 
4216 PARADISE POINT $400 99 $355 102 
4217 BENOWA $480 49 $450 54 
4218 BROADBEACH $420 26 $390 25 
4220 BURLEIGH HEADS $380 33 $365 38 
4221 ELANORA $390 17 $380 34 
4223 CURRUMBIN $370 16 $365 17 
4224 TUGUN $430 20 $430 29 
4226 CLEAR ISLAND WATERS $435 142 $430 142 
4227 REEDY CREEK $410 79 $400 75 
SCENIC RIM REGIONAL $310 10 N.A. 4 
4285 ALLENVIEW $310 10 N.A. 4 
GOLD COAST (LGA) 145 $235,000 1.7% $230,000 1.3% -1.7% 
GOLD COAST (LGA) ^ ~ * 24 $315,000 N/A $356,750 1.9% -18.9% 
COOMERA * 26 $225,000 N/A $222,000 N/A -7.5% 
GILSTON * 9 N/A N/A $250,000 5.0% 14.2% 
HELENSVALE 6 N/A N/A $485,000 N/A N/A 
ORMEAU 6 N/A N/A $220,000 -2.2% 1.9% 
ORMEAU HILLS 5 N/A N/A $217,000 5.3% N/A 
PIMPAMA * 27 $218,500 0.9% $218,750 -4.4% -8.9% 
REEDY CREEK * 11 $320,000 N/A $318,495 N/A 8.1% 
UPPER COOMERA * 19 $237,500 3.5% $229,500 4.1% -0.2% 
WILLOW VALE * 2 N/A N/A $195,000 N/A N/A 
SURROUNDS 
SCENIC RIM (LGA) 13 N/A N/A $177,250 -1.3% -4.2% 
SCENIC RIM (LGA) ^ ~ 10 $198,500 -15.5% $204,000 14.6% 20.0% 
KOORALBYN ^ 3 N/A N/A $99,500 N/A -9.5%
TOOWOOMBA LAND SALES (p) 
MAR 14 JUN 14 
FRASER COAST LAND SALES (p) 
MAR 14 JUN 14 
BUNDABERG LAND SALES (p) 
MAR 14 JUN 14 
GLADSTONE LAND SALES (p) 
MAR 14 JUN 14 
(p) Preliminary. Source: (p) Preliminary. Source: REIQ, 42 
19 
REGIONAL MARKET UPDATES 
UNIT MARKET 
Preliminary data shows sales activity in Toowoomba’s unit 
and townhouse market increased by three per cent over 
the June quarter. 
Local agents report a Toowoomba Regional Council 
incentive in 2013 to halve application fees for strata titled 
units has resulted in hundreds of new apartments being 
built and sold. 
Unit sales up to $350,000 remained steady, with higher 
prices units and townhouses recorded solid increases 
in sales. Demand, prices and sales activity are expected 
to remain firm throughout the Spring selling period and 
heading into 2015. 
RENTAL MARKET 
Toowoomba’s rental market remained very tight at the end 
of June, recording a vacancy rate of 1.5 per cent. 
This was up marginally from the end of March, but the 
thriving regional city’s vacancy rate has not gone above 
the two per cent mark since December 2011. 
Local agents report a steady demand for well maintained 
and presented properties. They also report that landlords 
are taking the opportunity to increase rental returns to 
reflect the higher market value of their properties. 
Strong interstate investment continues to add to the 
supply of rental stock, which is being absorbed by a 
growing workforce as the city undergoes a new wave of 
economic development 
ROCKHAMPTON & LIVINGSTONE HOUSE SALES (p) 
36 
14 
MACKAY HOUSE SALES (p) 
JUNE QUARTER 2014 
TOOWOOMBA 
Toowoomba continues to be one of Queensland’s strongest 
performing real estate regions, with median sale prices 
rising by more than 20 per cent over the last five years. 
This trajectory of growth continued in the June quarter 
amid rising sales volumes and higher house prices. The 
Toowoomba economy is performing strongly, with its 
agricultural and resource sectors going from strength to 
strength. 
New infrastructure projects including the recently opened 
Wellcamp Airport and proposed Second Range Crossing are 
also generating economic development and jobs, which is 
driving growth in the housing sector. 
Local agents are optimistic these trends will persist into the 
Spring before continuing in 2015. 
HOUSE MARKET 
Preliminary house sales figures show a five per cent rise 
in Toowoomba in the June quarter, with acreage properties 
also recording a strong increase of nine per cent. 
Toowoomba’s median house price was up 3.4 per cent in 
the June quarter to $336,000. 
East Toowoomba, South Toowoomba and Wilsonton all 
recorded double digit sales growth in the June quarter, 
with Rangeville and Toowoomba City also recording 
sales increases. 
In the wider Toowoomba region Oakey and Highfields also 
saw an increase in sales in the June quarter. 
Local agents report the housing market performed well in 
all price brackets, with stock remaining tight and demand 
solid. Sale volumes have increased across most areas of 
the market with the medium price of houses increasing by 
7.5 per cent in the year to June 2014. 
Preliminary data shows a strong increase in the $350,000 
to $500,000 price bracket. Prestige house sales above 
$500,000 also increase by more than 50 per cent in the 
June quarter, with 60 properties changing hands. 
Agents are reporting increased competition for new 
listings from both listing agents and buyers alike. 
Average vendor discounting in Toowoomba is down to 
4.6 per cent, compared to 7.3 per cent in June 2013, and 
continues to be the lowest across all major regions. 
235 
44 
SUNSHINE COAST & NOOSA LAND SALES (p) 
159 
BRISBANE CITY LAND SALES (p) 
MAR 14 JUN 14 
BRISBANE SURROUNDS LAND SALES (p) 
Includes IPSWICH, LOGAN, MORETON BAY & REDLAND 
MAR 14 JUN 14 
GOLD COAST LAND SALES (p) 
MAR 14 JUN 14 
MAR 14 JUN 14 
BRISBANE CITY UNIT SALES (p) 
330 
MAR 14 JUN 14 
651 
363 
860 
454 
FRASER COAST HOUSE SALES (p) 
BRISBANE SURROUNDS UNIT SALES (p) 
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND 
185 
MAR 14 JUN 14 
MAR 14 JUN 14 
114 
144 
78 
30 
153 
68 
20 
MAR 14 JUN 14 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
288 
163 
39 
294 
184 
60 
TOOWOOMBA HOUSE SALES (p) 
MAR 14 JUN 14 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
371 
57 30 
45 
<$250,000 $250,000+ $350,000+ $500,000+ $1m+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
MAR 14 JUN 14 
260 
21 
FRASER COAST UNIT SALES (p) 
MAR 14 JUN 14 
2 
43 
36 
18 
7 
TOOWOOMBA UNIT SALES (p) 
MAR 14 JUN 14 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
13 
59 
38 
9 
43 40 40 
31 
<$250,000 $250,000+ $350,000+ $500,000+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
53 
21 
5 
71 
36 
3 
$250,000+ $350,000+ $500,000+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
64 
26 
5 6 
88 
33 
8 
16 
<$250,000 $250,000+ $350,000+ $500,000+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
50 
20 15 10 
71 
35 
21 
10 
<$250,000 $250,000+ $350,000+ $500,000+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
30 
1 1 
40 
1 0 
<$250,000 $250,000+ $350,000+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
(p) Preliminary. Source: 42 
1 2 
57 
0 0 
<$250,000 $250,000+ $350,000+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
14 
1 0 
16 
0 1 
<$250,000 $250,000+ $350,000+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
(p) Preliminary. Source: 36 
7 
0 
24 
2 2 
<$250,000 $250,000+ $350,000+ 
(p) Preliminary. See explanatory notes for further information. 
Source: REIQ, data provided by RP Data. 
(p) Preliminary. Source:
REGIONAL MARKET UPDATES 
SALES MARKET - UNITS & TOWNHOUSES 
20 QUEENSLAND MARKET MONITOR 
SALES MARKET - VACANT LAND 
SUBURB 
NUMBER 
OF SALES 
JUN-14 
MEDIAN 
SALE 
JUN-14 
RENTAL MARKET - 2 BED UNITS 
QTRLY 
CHANGE 
RENTAL MARKET - 3 BED TOWNHOUSES 
MEDIAN 
SALE 
12MTHS 
JUN-14 
1YR 
CHANGE 
5YR 
CHANGE 
SALES MARKET - HOUSES 
SUBURB 
NUMBER 
OF SALES 
JUN-14 
MEDIAN 
SALE 
JUN-14 
QTRLY 
CHANGE 
MEDIAN 
SALE 
12MTHS 
JUN-14 
1YR 
CHANGE 
5YR 
CHANGE 
RENTAL MARKET - 3 BED HOUSES 
POST JUN-14 JUN-13 
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS 
TOOWOOMBA (LGA) 550 $336,000 3.4% $330,000 10.0% 23.6% 
TOOWOOMBA (LGA) ^ ~ 111 $475,000 -8.7% $478,000 8.9% 24.8% 
CABARLAH ^ 4 N/A N/A $520,000 N/A N/A 
CENTENARY HEIGHTS 37 $342,500 1.6% $343,000 7.2% 23.6% 
COTSWOLD HILLS ^ 5 N/A N/A $545,000 3.8% N/A 
CROWS NEST ~ 6 N/A N/A $246,000 -3.5% 20.0% 
DARLING HEIGHTS 21 $342,000 5.6% $335,000 8.1% 21.8% 
EAST TOOWOOMBA ~ 39 $437,000 5.3% $410,000 13.1% 24.4% 
GLENVALE 14 $366,500 8.1% $343,500 2.5% 18.3% 
GLENVALE ^ 5 N/A N/A $495,000 -6.9% 8.8% 
GOWRIE JUNCTION ^ ~ 5 N/A N/A $410,000 N/A 33.6% 
HARLAXTON ~ 11 $255,000 -12.1% $255,000 2.0% 13.2% 
HARRISTOWN 38 $298,500 -0.2% $299,100 10.8% 23.0% 
HIGHFIELDS 11 $435,000 N/A $453,000 2.5% 13.3% 
HIGHFIELDS ^ ~ * 27 $535,000 7.5% $519,500 13.1% 27.6% 
KEARNEYS SPRING ~ * 21 $412,500 19.6% $357,000 8.3% 23.1% 
KINGSTHORPE ~ * 5 N/A N/A $297,000 20.7% 18.8% 
KLEINTON 12 $518,500 N/A $480,000 12.9% N/A 
MERINGANDAN WEST 5 N/A N/A $380,000 10.1% N/A 
MERINGANDAN WEST ^ 3 N/A N/A $309,000 -3.4% 1.6% 
MIDDLE RIDGE ^ 2 N/A N/A $740,000 12.5% N/A 
MIDDLE RIDGE ~ 24 $517,000 14.0% $466,500 3.7% 18.1% 
MILLMERRAN 6 N/A N/A $196,000 N/A N/A 
MOUNT LOFTY ~ 17 $424,000 2.3% $388,500 15.6% 19.5% 
NEWTOWN 46 $290,500 -3.0% $285,000 11.7% 21.3% 
NORTH TOOWOOMBA ~ 17 $326,000 2.2% $297,000 10.8% 29.1% 
OAKEY * 16 $216,500 5.2% $220,400 14.2% 10.2% 
PITTSWORTH ~ 11 $320,000 24.3% $275,000 0.0% 8.5% 
RANGEVILLE 37 $400,000 6.0% $385,000 1.1% 10.5% 
ROCKVILLE 15 $305,000 3.4% $273,750 11.7% 17.1% 
SOUTH TOOWOOMBA ~ 32 $310,000 3.3% $312,550 12.9% 26.0% 
TOOWOOMBA CITY ~ 15 $310,000 -4.2% $317,500 13.4% 18.5% 
WESTBROOK 17 $434,000 0.9% $431,000 5.4% 17.4% 
WILSONTON 28 $332,000 2.2% $304,000 8.8% 24.1% 
WILSONTON HEIGHTS 13 $280,000 -0.9% $280,000 7.8% 24.4% 
WYREEMA 7 N/A N/A $299,250 N/A 8.8% 
SURROUNDS 
GOONDIWINDI (LGA) ~ 20 $225,000 -13.1% $228,000 6.0% -3.6% 
GOONDIWINDI ~ 15 $242,000 -35.5% $270,000 0.7% 5.9% 
SOUTHERN DOWNS (LGA) ~ 51 $252,000 -3.1% $250,000 11.1% 10.1% 
SOUTHERN DOWNS (LGA) ^ 26 $305,000 -3.2% $325,000 8.3% 6.6% 
ROSENTHAL HEIGHTS 3 N/A N/A $303,000 N/A N/A 
STANTHORPE 7 N/A N/A $240,500 4.1% 10.3% 
WARWICK 33 $254,500 -7.5% $257,000 8.2% 9.4% 
WARWICK ^ 1 N/A N/A $275,000 N/A N/A 
WESTERN DOWNS (LGA) ~ 37 $227,000 -15.9% $290,000 -2.8% 20.8% 
WESTERN DOWNS (LGA) ^ ~ 23 $337,500 9.0% $400,000 3.4% 29.7% 
CHINCHILLA ~ Y 6 N/A N/A $350,000 -9.1% 40.0% 
DALBY ^ 11 $415,000 N/A $435,000 -3.3% 12.1% 
DALBY ~ 24 $234,500 -12.2% $265,000 6.0% 6.0% 
TOOWOOMBA (LGA) * 104 $272,250 0.8% $275,000 8.7% 22.2% 
CENTENARY HEIGHTS 9 N/A N/A $322,548 2.2% N/A 
EAST TOOWOOMBA ~ 11 $215,000 -11.5% $240,000 -2.4% 13.7% 
HARRISTOWN ~ t 9 N/A N/A $245,500 27.2% 12.6% 
KEARNEYS SPRING 14 $268,500 -4.6% $285,000 5.6% 18.3% 
NEWTOWN 17 $251,000 N/A $239,500 1.1% 10.1% 
RANGEVILLE 3 N/A N/A $322,000 10.0% 18.4% 
SOUTH TOOWOOMBA * t 9 N/A N/A $289,500 25.7% N/A 
TOOWOOMBA CITY * 6 N/A N/A $260,000 N/A 33.3% 
WILSONTON 6 N/A N/A $244,000 -5.4% 5.4% 
SURROUNDS 
WESTERN DOWNS (LGA) 1 N/A N/A $385,000 10.8% N/A 
CHINCHILLA - N/A N/A $380,227 6.5% N/A 
TOOWOOMBA (LGA) * 28 $160,834 -6.5% $154,000 -3.4% 40.0% 
TOOWOOMBA (LGA) ^ * 28 $180,000 -5.3% $177,250 18.2% 19.0% 
GLENVALE * - N/A N/A $170,000 6.3% 49.1% 
GOWRIE JUNCTION ^ ~ 3 N/A N/A $173,000 16.9% N/A 
HIGHFIELDS ^ * 7 N/A N/A $200,000 N/A 33.3% 
HODGSON VALE ^ 3 N/A N/A $185,000 N/A N/A 
KLEINTON * 7 N/A N/A $152,000 -4.4% N/A 
WESTBROOK * - N/A N/A $154,000 1.3% 55.6% 
SURROUNDS 
SOUTHERN DOWNS (LGA) 11 N/A N/A $79,000 4.8% -7.1% 
WESTERN DOWNS (LGA) * 4 N/A N/A $150,000 -1.3% 53.1% 
WESTERN DOWNS (LGA) ^ ~ 9 N/A N/A $135,000 12.5% 42.1% 
CHINCHILLA * 1 N/A N/A $150,000 3.4% 59.6% 
DALBY ^ 4 N/A N/A $120,000 4.3% 14.3% 
TOOWOOMBA REGIONAL $300 588 $295 589 
4350 KEARNEYS SPRING $310 451 $300 452 
4352 AMIENS $340 18 $300 20 
4355 ANDURAMBA $250 16 $240 11 
4356 PITTSWORTH $270 14 $295 11 
4357 BRINGALILY $240 6 $245 10 
4359 ASCOT $300 9 N.A. 2 
4361 BACK PLAINS $230 14 $240 10 
4363 SOUTHBROOK $250 5 N.A. 1 
4400 KINGSTHORPE $290 6 $260 9 
4401 ACLAND $270 38 $255 41 
4614 NEUMGNA $220 5 $220 9 
GOONDIWINDI REGIONAL $290 43 $280 39 
4387 BRUSH CREEK $230 5 N.A. 1 
4390 BILLA BILLA $290 33 $285 31 
SOUTHERN DOWNS REGIONAL $250 147 $240 148 
4362 ALLORA $265 8 N.A. 2 
4370 ALLAN $250 94 $250 86 
4380 AMIENS $240 31 $230 44 
WESTERN DOWNS REGIONAL $300 141 $350 187 
4405 BLAXLAND $290 74 $300 85 
4413 BAKING BOARD $380 43 $450 54 
4415 MILES $350 6 $500 18 
4421 GORANBA $280 5 $210 9 
TOOWOOMBA REGIONAL $250 314 $230 316 
4350 KEARNEYS SPRING $250 296 $230 298 
4352 AMIENS $258 6 N.A. 2 
GOONDIWINDI REGIONAL $200 34 $190 35 
4390 BILLA BILLA $200 34 $190 34 
SOUTHERN DOWNS REGIONAL $200 55 $200 54 
4370 ALLAN $199 41 $200 36 
4380 AMIENS $200 13 $165 14 
WESTERN DOWNS REGIONAL $250 57 $245 58 
4405 BLAXLAND $220 22 $230 31 
4413 BAKING BOARD $320 25 $400 19 
TOOWOOMBA REGIONAL $320 14 $295 25 
4350 KEARNEYS SPRING $320 14 $295 24
Queensland Market Monitor - June Quarter 2014
Queensland Market Monitor - June Quarter 2014
Queensland Market Monitor - June Quarter 2014
Queensland Market Monitor - June Quarter 2014
Queensland Market Monitor - June Quarter 2014
Queensland Market Monitor - June Quarter 2014
Queensland Market Monitor - June Quarter 2014
Queensland Market Monitor - June Quarter 2014
Queensland Market Monitor - June Quarter 2014
Queensland Market Monitor - June Quarter 2014
Queensland Market Monitor - June Quarter 2014
Queensland Market Monitor - June Quarter 2014
Queensland Market Monitor - June Quarter 2014
Queensland Market Monitor - June Quarter 2014
Queensland Market Monitor - June Quarter 2014
Queensland Market Monitor - June Quarter 2014
Queensland Market Monitor - June Quarter 2014
Queensland Market Monitor - June Quarter 2014
Queensland Market Monitor - June Quarter 2014
Queensland Market Monitor - June Quarter 2014

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Queensland Market Monitor - June Quarter 2014

  • 1. your state-wide property research guide suburb by suburb REIQ ISSUE 23 QUEENSLAND MARKET MONITOR ISSUE 23 JUNE QTR 2014 SEQ HOUSE MARKET TAKES THE LEAD Sales activity across Queensland over the June quarter was up across all property types with increases in preliminary sales for house, units and townhouses; and an impressive 37 per cent in vacant land sales. This increase in sales activity was predominantly recorded in the southeastern corner of the state. The Brisbane Local Government Area led the charge with an increase of 19 per cent, closely followed by Logan, which was up 18 per cent. Key sales market indicators also point to Brisbane’s unusually robust winter sales being replicated in a number of real estate markets throughout the State amid increasing demand, sales volumes and prices. >p2 QMM STATE-WIDE COMMENTARY Proudly supported by Giving real estate professionals the competitive edge Visit rpdata.com or phone 1300 734 318 to find out how.
  • 2. REIQ TABLE OF CONTENTS 2 QUEENSLAND MARKET MONITOR HOUSE MARKET The strongest performing sectors of the Brisbane house market were at opposite ends of the spectrum, with increases in the sub-$350,000 and $1 million price brackets helping the city to its fifth consecutive quarter of growth. On the Gold and Sunshine Coasts, sales activity remained relatively stable over the quarter amid rebounding confidence in both markets. The Gold Coast median house price rose three per cent to $515,000 over the June quarter, with median prices on the Sunshine Coast up 0.2 per cent to $468,000. The Gold Coast’s prestige acreage market also had a strong June quarter, while the new smaller council area of Noosa recorded very strong growth, with house sales up 22 per cent. Toowoomba continued its five year trajectory of growth, with sales activity in the Garden City up five per cent for the June quarter on the back of a thriving local economy and strong buyer activity. Sales in Queensland’s other two major tourism centres - the Fraser Coast and Cairns - also fared well in the June quarter, with house sales up seven per cent and four per cent respectively. While the state’s total house sales were up across all price points, the upper end of the market continued to perform strongest. Sales in the million dollar plus price point were up 28 per cent across Queensland, along with an increase of 20 per cent in the $500,000-plus range. Million dollar sales in the unit market also strengthened, with preliminary sales numbers across Queensland up around 10 per cent. Some of the best news to emerge is that we are beginning to see markets stabilising in Rockhampton, Gladstone and Mackay. These three regional centres saw their house markets peak between late 2011 and early 2012. However, sales activity has been slowly decreasing ever since - except for a brief spike in sales when the stamp duty exemption for principal places of residence was reinstated in July 2012. Rockhampton is faring best of these three regional centres, with some particularly encouraging signs beginning to emerge at the lower end of its house market. Sales volumes in Gladstone recovered in the June quarter, posting a seven per cent increase. Mackay’s house market recorded the largest decline in sales activity, down 24 per cent compared to the March quarter, while the median house price eased just 2.5 per cent. Queensland market update 1 State-Wide Summary (cont’d) 2 REIQ Explanatory notes 5 Brisbane market updates Brisbane City 6 Greater Brisbane 11 Regional market updates Gold Coast 16 Toowoomba 19 Sunshine Coast 21 Fraser Coast 23 Bundaberg 25 Gladstone 27 Rockhampton 28 Mackay 30 Townsville 32 Cairns 34 Other Regional 36 On The Market Indicators 37 Total Listings % Stock on Market Average Vendor Discount Average Days on Market Rental Market Indicators 38 Gross rental yields Residential vacancy rates STATE-WIDE SUMMARY CONTINUED ... we are beginning to see markets stabilising in Rockhampton, Gladstone and Mackay.
  • 3. 3 STATE-WIDE SUMMARY QUEENSLAND UNIT SALES (p) QUEENSLAND UNIT SALES (p) QUEENSLAND UNIT SALES (p) MAR 14 JUN 14 12MTHS ENDING MAY-14 HOUSES (ALL) UNITS (ALL) AVERAGE VENDOR DISCOUNT SALES MAKING PROFIT DAYS ON MARKET SOUTHEAST QLD BRISBANE CITY 6.4% 59 -5.6% 6.3% 70 -4.9% IPSWICH 6.8% 85 -6.7% 10.5% 132 -6.9% LOGAN 7.1% 77 -5.8% 10.8% 98 -6.7% MORETON BAY 7.3% 74 -5.6% 9.1% 106 -5.8% REDLAND 8.4% 71 -5.7% 9.5% 92 -5.4% GOLD COAST 8.0% 74 -6.1% 9.1% 95 -7.1% SUNSHINE COAST # 9.2% 91 -6.0% 9.7% 107 -6.5% REGIONAL QLD BUNDABERG 8.5% 83 -7.0% 11.1% 125 -7.4% CAIRNS # 6.8% 75 -6.1% 8.0% 101 -7.8% FRASER COAST 9.4% 110 -7.5% 10.7% 133 -7.4% GLADSTONE 7.9% 117 -9.8% 8.3% 130 -11.9% MACKAY 7.4% 91 -8.5% 8.3% 122 -11.1% ROCKHAMPTON # 8.4% 91 -7.7% 10.5% 108 -6.4% TOOWOOMBA 8.5% 64 -4.6% 9.1% 74 -4.3% TOWNSVILLE 7.1% 89 -7.4% 10.5% 126 -9.6% JUNE QUARTER 2014 QUEENSLAND - PRICEPOINTS QUEENSLAND HOUSE SALES (p) QUEENSLAND HOUSE SALES (p) QUEENSLAND HOUSE SALES (p) MAR 14 JUN 14 MAR 14 JUN 14 MAR 14 JUN 14 QUEENSLAND LAND SALES (p) QUEENSLAND LAND SALES (p) QUEENSLAND LAND SALES (p) MAR 14 JUN 14 MAR 14 JUN 14 MAR 14 JUN 14 SEE PAGE 37 FOR FULL ON THE MARKET STATISTICS BY LOCAL GOVERNMENT AREA 2865 3576 2896 299 3218 3826 3485 383 <$350,000 $350,000+ $500,000+ $1m+ (p) Preliminary sales. Source: REIQ, data provided by RP Data. 858 MAR 14 JUN 14 MAR 14 JUN 14 1354 1411 811 107 991 1579 1713 951 120 <$250,000 $250,000+ $350,000+ $500,000+ $1m+ (p) Preliminary sales. Source: REIQ, data provided by RP Data. 791 195 84 29 4 1122 214 112 46 15 <$250,000 $250,000+ $350,000+ $500,000+ $1m+ (p) Preliminary sales. Source: REIQ, data provided by RP Data. QUEENSLAND - PRICEPOINTS 2865 3576 2896 299 3218 3826 3485 383 <$350,000 $350,000+ $500,000+ $1m+ (p) Preliminary sales. Source: REIQ, data provided by RP Data. 858 1354 1411 811 107 991 1579 1713 951 120 <$250,000 $250,000+ $350,000+ $500,000+ $1m+ (p) Preliminary sales. Source: REIQ, data provided by RP Data. 791 195 84 29 4 1122 214 112 46 15 <$250,000 $250,000+ $350,000+ $500,000+ $1m+ (p) Preliminary sales. Source: REIQ, data provided by RP Data. QUEENSLAND - PRICEPOINTS 2865 3576 2896 299 3218 3826 3485 383 <$350,000 $350,000+ $500,000+ $1m+ (p) Preliminary sales. Source: REIQ, data provided by RP Data. 858 1354 1411 811 107 991 1579 1713 951 120 <$250,000 $250,000+ $350,000+ $500,000+ $1m+ (p) Preliminary sales. Source: REIQ, data provided by RP Data. 791 195 84 29 4 1122 214 112 46 15 <$250,000 $250,000+ $350,000+ $500,000+ $1m+ (p) Preliminary sales. Source: REIQ, data provided by RP Data. LGA % STOCK ON MARKET DAYS ON MARKET AVERAGE VENDOR DISCOUNT JUNE QUARTER 2014 HOUSES (<2400) UNITS & TOWNHOUSES VACANT LAND (<2400) LGA MEDIAN SALE PRICE QTRLY CHANGE SALES ACTIVITY TREND MEDIAN SALE PRICE QTRLY CHANGE SALES ACTIVITY TREND MEDIAN SALE PRICE QTRLY CHANGE SALES ACTIVITY TREND SOUTHEAST QLD BRISBANE (SD) $470,000 2.2% UP $390,000 1.3% UP $215,700 -1.5% UP BRISBANE CITY $575,000 2.7% UP $417,500 0.6% UP $335,750 4.9% UP IPSWICH $300,000 -0.6% UP $289,900 26.0% * t UP $175,000 1.7% UP LOGAN $344,250 -2.2% UP $230,000 1.1% STEADY $195,000 -0.3% UP MORETON BAY $387,500 1.4% UP $320,000 3.7% UP $215,000 1.6% UP REDLAND $469,000 2.0% STEADY $335,000 3.9% UP $70,000 75.0% ~ b DOWN GOLD COAST $515,000 3.0% STEADY $350,000 0.0% UP $235,000 1.7% UP SUNSHINE COAST # $468,000 0.2% STEADY $348,950 -0.2% STEADY $235,000 2.6% UP REGIONAL QLD BUNDABERG $284,000 5.4% ~ STEADY $267,500 14.1% ~ DOWN $144,000 12.9% UP CAIRNS # $381,000 0.3% STEADY $222,000 5.7% ~ f UP $170,000 -7.1% DOWN FRASER COAST $285,000 -5.0% ~ UP $255,000 -5.6% ~ STEADY $130,000 -13.3% f UP GLADSTONE $390,000 -6.6% ~ STEADY $330,000 2.2% STEADY $170,000 -12.8% STEADY MACKAY $395,000 -2.5% DOWN $305,000 -3.5% * STEADY $193,000 -13.1% UP ROCKHAMPTON # $316,500 -1.1% DOWN $417,369 45.2% * f STEADY $170,500 N/A ~ UP TOOWOOMBA $336,000 3.4% UP $272,250 0.8% * STEADY $160,834 -6.5% * UP TOWNSVILLE $360,000 -1.1% DOWN $270,000 1.9% UP $156,000 -6.0% UP
  • 4. STATE-WIDE SUMMARY (-) steady (u) up (d) down * change greater than $20 " Median rents for 2-bed townhouses 4 QUEENSLAND MARKET MONITOR UNIT MARKET Brisbane unit and townhouse sales are rising strongly, with a steady pipeline of townhouse developments contributing to a 20 per cent rise in sales in the June quarter. The Gold Coast saw a strong increase in sales, which rose 10 per cent in the June quarter. The Sunshine Coast market is also on an upward spiral, with sales up 39 per cent in the last 12 months. Noosa posted strong growth, with unit and townhouse sales up 31 per cent. The two standout regions for unit and townhouse sales were Ipswich and Townsville, with sales up 40 per cent and 37 per cent respectively. Unit and townhouse sales rose on the Fraser Coast, with most activity occurring in the $250,000 to $350,000 price bracket, fuelled by strong demand for waterfront properties. Bundaberg’s unit and townhouse market eased in the June quarter, with conditions also subdued in Gladstone and Mackay. However, sales in Rockhampton rose two per cent, spurred by sales in the $250,000 to $350,000 price bracket. Toowoomba unit sales rose three per cent in the June quarter, with Cairns recording healthy sales growth of 17 per cent. RENTAL MARKET While SEQ and the tourism centres continue to exhibit tight rental conditions with vacancy rates remaining below the healthy market level of 3.5 per cent, these markets are beginning to show increasing vacancies. Our regional centres continue to struggle, particularly those in the mining areas where FIFO employees have become an increasing trend, meaning significantly reduced demand for local rental properties. Median rents from the RTA continue to soften in the likes of Gladstone, Rockhampton and Mackay. Toowoomba however continues record strong property market conditions both in sales and rentals, with increased investor activity reported. Our tourism centres continue to go from strength to strength and despite increasing activity in their sales markets, their rental markets still remain some of the tightest across the state Gross yields for a number of regions were down in the June quarter on the back of easing median rents. In Brisbane, strong median house price growth relative to stable median rents, saw the overall gross yield fall to 3.7 per cent. SEE PAGE 38 FOR FULL RENTAL MARKET STATISTICS BY LOCAL GOVERNMENT AREA (-) steady (u) up (d) down * change greater than 0.5 pts (-) steady (u) up (d) down * change greater than 0.5 pts STATE-WIDE SUMMARY CONTINUED VACANCY RATES LGA 30-JUN-14 TREND SOUTH EAST QLD BRISBANE CITY 2.4% STEADY IPSWICH CITY 3.0% UP LOGAN CITY 2.8% UP MORETON BAY 1.7% STEADY REDLAND CITY 1.5% STEADY GOLD COAST CITY 1.7% DOWN SUNSHINE COAST# 1.1% STEADY REGIONAL QLD BUNDABERG 4.0% DOWN CAIRNS# 2.0% STEADY FRASER COAST 2.5% STEADY GLADSTONE 5.6% DOWN MACKAY 6.8% DOWN ROCKHAMPTON# 4.8% DOWN TOOWOOMBA 1.5% STEADY TOWNSVILLE CITY 5.4% UP MEDIAN WEEKLY RENTS - JUN-14 LGA 3 BED H 2 BED F 3 BED T SOUTH EAST QUEENSLAND BRISBANE CITY $410 $0 $395 $5 $400 -$5 IPSWICH CITY $300 $10 $255 $15 $310 $5 LOGAN CITY $335 $5 $265 $15 $335 $10 MORETON BAY $340 $10 $270 $0 $330 $0 REDLAND CITY $380 $0 $325 $30 $385 $5 GOLD COAST CITY $430 $10 $360 $10 $380 $5 SUNSHINE COAST# $400 $20 $330 $20 $370 $0 REGIONAL QLD BUNDABERG $285 $0 $225 -$5 $300 $20 CAIRNS# $350 $20 $275 $10 $250" $0 FRASER COAST $280 $10 $240 $15 $310 $10 GLADSTONE $330 -$150 $280 -$140 $360 -$160 MACKAY $350 -$80 $275 -$75 $370 -$80 ROCKHAMPTON $300 -$50 $240 -$30 N.A. N.A. TOOWOOMBA $300 $5 $250 $20 $320 $25 TOWNSVILLE CITY# $330 -$10 $270 -$10 $270" -$10 GROSS RENTAL YIELDS - JUN-14 LGA HOUSES UNITS SOUTH EAST QUEENSLAND BRISBANE CITY 3.7% DOWN 4.9% STEADY IPSWICH CITY 5.2% STEADY 4.6% UP* LOGAN CITY 5.1% STEADY 6.0% STEADY MORETON BAY 4.6% STEADY 4.4% DOWN REDLAND CITY 4.2% STEADY 5.0% STEADY GOLD COAST CITY 4.3% STEADY 5.3% STEADY SUNSHINE COAST 4.4% STEADY 4.9% UP* REGIONAL QLD BUNDABERG 5.2% UP 4.4% DOWN CAIRNS 4.8% STEADY 6.4% UP* FRASER COAST 5.1% DOWN 4.9% DOWN GLADSTONE 4.4% STEADY 4.4% N/A MACKAY 4.6% DOWN 4.7% UP* ROCKHAMPTON 4.9% STEADY 3.0% DOWN* TOOWOOMBA 4.6% DOWN 4.8% DOWN* TOWNSVILLE CITY 4.8% STEADY 5.2% DOWN*
  • 5. REIQ RESEARCH EXPLANATORY NOTES SALES DATA All figures for the most recent quarterly and yearly periods are preliminary only and subject to further revision as additional sales records become available (see Research Methodology online at reiq.com). As of the June quarter 2013, all sales data includes "Recent Sales" as advised by real estate agents as well as official records as advised by DNRM. As such comparisons with figures published prior to the June quarter 2013 should be done with caution. A median sale price is derived by arranging a set of sale prices from lowest to highest and then selecting the middle value within this set (ie the 50th percentile, where half of recorded sales were less and half were higher than the median). Only suburbs and regions to record sufficient sales numbers are published. JUNE QUARTER 2014 5 N/A Due to insufficient sales numbers (as at the time of data extraction) no median sale price has been calculated (LGA) Local Government Area Brisbane (SD) Brisbane Statistical Division which comprises the LGA’s of Brisbane City, Ipswich City, Logan City, Moreton Bay Regional and Redland City # Figures based upon the new council boundaries ^ Indicates acreage sales only (with land size greater than 2400m2). All other data is based upon sales with a land size of less than 2400 m2 ~ Median price changes influenced by varying quality of stock sold * Median price changes influenced by varying quantities of new properties sold f Median price changes influenced by varying quantities of waterfront properties sold t Medians affected by varying quantities of townhouses sold G Sales volumes and median affected by QLD government sales in the area eg ULDA, NRAS sales. Y Median affected by high yielding property sales 1 Median price changes influenced by the varying volumes of sales between the Mainland and Bay Islands areas RENTAL DATA All median weekly rents are published on a postcode basis, as calculated by the Residential Tenancies Authority, where sufficient data is available. Caution should be exercised when interpreting any median rental price data based upon a relatively small number of new bond lodgements. Figures for the new LGA's available for the current quarter only. L Listed localities (or suburbs) represent one of potentially several that fall within that postcode. N.A. Due to insufficient new bond lodgements, no median rental price has been calculated Source: Residential Tenancies Authority, Rental Bond lodgements (www.rta.qld.gov.au) PRICE POINT GRAPHS All data contained within these graphs represent preliminary sales numbers and are subject to revision as additional sales records become available. The data excludes any recent sales transactions where the contract sale price was not disclosed. The intention of these graphs is to gauge trends in sales activity between periods in lieu of actual final sales results Source: REIQ, data obtained from RPData (www.rpdata.com.au). Enquiries about the reproduction of part or all of the information should be directed to the Corporate Affairs Division, REIQ. GROSS RENTAL YIELDS House yields are based upon REIQ median house prices and RTA weighted median weekly rent for houses. Unit yields are based upon REIQ median unit & townhouse prices and RTA weighted median weekly rent for units and townhouses. VACANCY RATES All figures are based upon all residential rentals as at the end of each quarterly period, as submitted by REIQ accredited agents. A vacancy rate of 3 per cent is generally considered to indicate equilibrium of supply and demand within a rental market. N/A Due to insufficient information received no vacancy rate has been calculated Source: REIQ Residential Rental Survey ON THE MARKET INDICATORS At the time of publication, latest information available was for the 12 months ending the month prior to the current period. "Days on Market" is calculated as the average number of days it has taken to sell those properties sold by private treaty sale during the 12 month period. The calculation excludes auction listings and listings where an asking price is not advertised. The days on market calculation uses the contract date on the property compared with the first advertised date. "Vendor Discount" is the average difference between the contract price on a property and the first advertised price. The figure is expressed as a percentage and is an average of all private treaty sales which sold for less than their initial asking price during the last 12 months. Auction listings and listings without an advertised asking price are excluded from the calculation. "Total Listings" is the total unique number of properties that have been advertised for sale and captured by RP Data over the 12 month period. To be included in the count, the listings have to be matched to an actual address. "% Stock on Market" is the percentage of dwellings within the suburb or local government area that have been listed for sale over the past year. Source: RP Data (www.rpdata.com.au)
  • 6. BRISBANE MARKET UPDATES p) Preliminary. Source: REIQ, BRISBANE 6 QUEENSLAND MARKET MONITOR 112 BRISBANE CITY HOUSE SALES (p) 722 MAR 14 JUN 14 1401 770 1840 166 164 235 <$350,000 $350,000+ $500,000+ $1m+ p) Preliminary. Source: REIQ, 44 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. BRISBANE SURROUNDS HOUSE SALES (p) INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND BRISBANE CITY UNIT SALES (p) 973 972 MAR 14 JUN 14 MAR 14 JUN 14 860 409 18 1154 1157 472 18 363 454 <$350,000 $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. p) Preliminary. GOLD COAST HOUSE SALES (p) Source: REIQ, BRISBANE SURROUNDS MAR 14 JUN UNIT 14 SALES (p) INCLUDES BRISBANE IPSWICH, LOGAN, CITY MORETON LAND BAY SALES & REDLAND (p) 480 MAR 480 14 490 JUN 14 548 MAR 14 JUN 14 70 65 77 84 13 <$350,000 $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 81 GOLD COAST UNIT SALES (p) SUNSHINE COAST & NOOSA HOUSE SALES (p) BRISBANE SURROUNDS LAND SALES (p) MAR 14 JUN 14 Includes IPSWICH, LOGAN, MORETON BAY & REDLAND MAR 14 JUN 14 437 MAR 14 JUN 14 311 31 79 440 346 37 <$350,000 $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. ((p) Preliminary. Source: REIQ, (p) Preliminary. Source: REIQ, (p) Preliminary. Source: REIQ, 330 651 371 57 30 45 <$250,000 $250,000+ $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 182 207 99 43 3 197 260 111 46 5 <$250,000 $250,000+ $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 235 447 391 241 46 273 520 451 290 36 <$250,000 $250,000+ $350,000+ $500,000+ $1m+ further information. 79 GOLD COAST LAND SALES (p) SUNSHINE COAST & NOOSA UNIT SALES (p) 181 MAR 14 JUN 14 MAR 14 JUN 14 164 109 23 105 197 177 105 27 <$250,000 $250,000+ $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. ((p) Preliminary. Source: REIQ, (p) Preliminary. Source: REIQ, (p) Preliminary. Source: REIQ, 59 38 9 43 40 40 31 <$250,000 $250,000+ $350,000+ $500,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 53 21 5 71 36 3 $250,000+ $350,000+ $500,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 64 26 5 6 88 33 8 16 <$250,000 $250,000+ $350,000+ $500,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 50 SUNSHINE COAST & NOOSA LAND SALES (p) 71 MAR 14 JUN 14 35 p) Preliminary. Source: REIQ, ((p) Preliminary. Source: REIQ, (CITY Over the June quarter 2014, the Brisbane residential property market recorded a strong increase in sales activity for a second year running. With June quarter sales numbers typically declining and buyer and vendor activity at its lowest during the cooler months of the year, these results are strong indicators of continued growth in Brisbane’s housing market. Increasing median prices along with lower days on market and reduced average vendor discounting are further signs that the Brisbane market is into recovery phase. HOUSE MARKET In Brisbane’s house market, it was the sub-$350,000 price bracket that was the star performer, up 48 per cent, with the million-dollar-plus price bracket coming second, up 43 per cent. In sales volumes terms however, the $500,000- plus bracket continues to account for the majority of sales (about 60 per cent) and was up 30 per cent compared to the March quarter. Brisbane’s overall median house sale price was up 2.7 per cent to $575,000. Since holding steady over the previous few years, Brisbane’s median house price has been trending upwards for five consecutive quarters now, with this June quarter being the second strongest increase to date. Days on market for houses are down from an average 90 twelve months ago to 59 for the year ending May, making the Brisbane house market the fastest selling of all major regions. Top performing suburbs were mixed with the likes of Camp Hill, Paddington and Inala topping the list with over 20 extra house sales compared to the March quarter. Demand for prestige property isn’t limited to the riverside suburbs, with acreage sales seeing the suburbs of Burbank and Chandler break the million dollar mark. Only five suburbs in Brisbane recorded a median over $1 million for the year ending June. UNIT MARKET Brisbane’s unit and townhouse market, which typically lags the house market by around six months, has now joined the rising market with preliminary sales numbers up 20 per cent over the June quarter. Strong sales activity was recorded in the $350,000-plus and sub-$250,000 price points, which were both up around 30 per cent, while the million-dollar-plus market saw 45 preliminary sales recorded, up from 30 during the March quarter. While the inner city apartment market has attracted a lot of attention, top sales activity over the year to June was largely found outside of inner Brisbane with eight out of the ten top performing suburbs located in the middle to outer ring suburbs. The high-rise unit market in Chermside continues to grow in popularity while new townhouse complexes at Wynnum West, Carina and Nundah have contributed to strong sales volumes. Meanwhile the acreage suburb of Ellen Grove recorded strong sales in a new townhouse development, a sign that infill development is likely to become an increasing trend as developable land close to the CBD becomes scarce. RENTAL MARKET At the end of June Brisbane’s rental market recorded a vacancy rate or 2.4 per cent, up slightly from the end of March. Inner Brisbane’s vacancy rate was up 0.3 percentage points to 3.4 per cent, with listings spending more than 4 weeks on the market and less than 2 applicants per rental listing. Meanwhile Brisbane’s middle to outer suburbs tightened slightly to 1.7 per cent, with time on market largely 2 to 4 weeks and 2 to 5 applicants per listing. Demand for rental properties outside of the inner city is said to be largely driven by affordability issues which are seeing more tenants move further out, which on top of the increased investor activity is adding to the available rental stock in the inner suburbs.
  • 7. BRISBANE MARKET UPDATES JAMBOREE HEIGHTS 11 $470,000 N/A $437,500 9.4% 5.9% JINDALEE 20 $483,250 5.6% $470,000 1.0% 4.8% KANGAROO POINT 9 N/A N/A $725,000 12.4% 12.2% KARANA DOWNS 7 N/A N/A $384,000 -4.0% -0.3% KARANA DOWNS ^ 4 N/A N/A $453,000 0.7% 0.1% KEDRON ~ 31 $640,000 7.6% $600,000 17.4% 25.0% KELVIN GROVE 15 $713,500 N/A $695,000 8.6% 13.8% KENMORE 35 $565,000 -4.2% $570,000 6.9% 16.1% KENMORE HILLS 5 N/A N/A $663,500 N/A N/A KEPERRA 19 $439,000 -2.4% $433,000 6.9% 8.6% KURABY 20 $553,250 -0.3% $570,000 7.5% 17.5% LOTA 19 $525,000 N/A $510,500 -3.7% 14.2% MACGREGOR 16 $615,000 1.3% $587,500 11.4% 23.7% MACKENZIE 4 N/A N/A $641,944 4.8% N/A MANLY ~ 7 N/A N/A $670,000 16.5% 17.6% MANLY WEST ~ 34 $483,750 -6.1% $486,250 4.6% 8.1% MANSFIELD 32 $585,000 3.5% $536,750 12.6% 21.4% MCDOWALL 16 $589,750 -4.1% $556,000 0.2% 12.4% MIDDLE PARK 12 $540,000 N/A $525,000 7.4% 9.4% MITCHELTON 27 $541,000 -2.3% $540,500 7.0% 16.2% MOGGILL 11 $515,000 N/A $506,250 4.4% 8.9% MOOROOKA 40 $550,000 3.8% $525,000 5.2% 15.5% MORNINGSIDE ~ 38 $619,000 -7.6% $620,000 6.0% 22.5% MOUNT CROSBY ^ 4 N/A N/A $550,000 10.0% 6.8% MOUNT GRAVATT ~ 20 $554,500 -7.6% $555,000 12.1% 18.5% MOUNT GRAVATT EAST 30 $540,000 -5.4% $535,000 13.8% 24.4% MOUNT OMMANEY 4 N/A N/A $765,000 N/A N/A MURARRIE 9 N/A N/A $535,000 13.8% 17.6% NEW FARM ~ 20 $1,300,000 17.6% $1,250,000 28.9% 44.9% NEWMARKET 10 $899,500 N/A $717,500 7.7% 17.2% NORMAN PARK 25 $770,893 8.0% $732,500 9.3% 18.1% NORTHGATE ~ 18 $620,000 12.5% $553,000 6.3% 15.8% NUDGEE ~ 25 $570,000 15.7% $553,500 6.4% 22.5% NUNDAH ~ 16 $707,500 15.9% $618,000 1.3% 23.7% OXLEY 27 $475,000 6.7% $460,000 4.5% 12.2% PADDINGTON ~ 44 $890,000 -10.1% $890,000 13.2% 33.8% PARKINSON 26 $547,500 -0.5% $549,000 7.5% 18.4% PULLENVALE ^ ~ 6 N/A N/A $918,000 -2.9% -10.9% RED HILL 22 $730,000 2.8% $720,000 9.7% 15.7% RIVERHILLS 16 $432,000 N/A $432,000 5.6% 8.3% ROBERTSON ~ 11 $695,000 -11.4% $710,000 -1.8% 15.3% ROCHEDALE 5 N/A N/A $742,000 N/A N/A ROCKLEA 6 N/A N/A $335,000 11.7% -6.4% RUNCORN 34 $518,000 7.4% $463,100 7.1% 14.3% SALISBURY 19 $500,000 3.1% $475,000 9.5% 15.9% SANDGATE ~ f 18 $471,000 -24.0% $560,000 9.8% 21.7% SEVEN HILLS 11 $717,000 N/A $641,000 7.1% 23.3% SEVENTEEN MILE ROCKS ~ 10 $487,500 -22.8% $607,000 12.0% 34.1% SHERWOOD ~ 18 $770,000 21.8% $725,500 5.6% 9.9% SHORNCLIFFE ~ 4 N/A N/A $730,000 17.7% 14.1% SINNAMON PARK 9 N/A N/A $580,000 3.2% 0.9% SPRING HILL ~ 10 $1,025,000 N/A $928,500 15.0% N/A ST LUCIA 13 $908,000 N/A $970,000 8.2% 19.7% STAFFORD 33 $545,000 9.0% $500,000 10.6% 11.1% STAFFORD HEIGHTS 32 $492,500 -0.7% $496,000 9.3% 15.9% STRETTON ~ 11 $675,000 -20.7% $675,000 2.5% 8.2% SUNNYBANK 36 $601,000 -1.9% $595,000 14.0% 19.0% SUNNYBANK HILLS ~ 47 $622,000 12.1% $550,500 12.3% 28.0% TAIGUM 5 N/A N/A $437,500 2.2% 6.1% TARINGA 9 N/A N/A $770,000 2.9% 10.2% TARRAGINDI 31 $593,125 3.1% $585,000 6.4% 17.0% THE GAP 53 $555,000 -2.6% $567,250 3.8% 14.0% TINGALPA 27 $468,000 6.6% $450,000 3.4% 8.4% TOOWONG 12 $675,000 -1.3% $706,000 4.6% -2.6% UPPER KEDRON 15 $540,000 -1.9% $535,000 1.9% 4.9% UPPER MOUNT GRAVATT 38 $542,500 4.5% $520,000 14.9% 21.6% VIRGINIA 16 $490,000 N/A $487,000 14.6% 18.8% WAKERLEY ~ 27 $655,000 -8.5% $655,000 4.0% 17.0% WAVELL HEIGHTS 43 $575,000 7.3% $550,000 5.8% 17.8% JUNE QUARTER 2014 7 SALES MARKET - HOUSES SUBURB NUMBER OF SALES JUN-14 MEDIAN SALE JUN-14 QTRLY CHANGE MEDIAN SALE 12MTHS JUN-14 1YR CHANGE 5YR CHANGE BRISBANE CITY (LGA) 3,183 $575,000 2.7% $560,000 7.7% 17.9% BRISBANE CITY (LGA) ^ ~ 76 $870,500 10.5% $875,000 2.9% 2.9% ACACIA RIDGE 22 $335,000 3.7% $321,000 8.8% 1.9% ALBION 8 N/A N/A $696,000 N/A N/A ALDERLEY 15 $688,300 4.7% $650,000 5.6% 21.2% ALGESTER 33 $453,000 5.2% $435,500 8.2% 12.0% ANNERLEY ~ 24 $692,500 1.1% $630,000 18.9% 19.3% ASCOT ~ 18 $1,185,000 N/A $1,147,500 18.5% 5.5% ASHGROVE 32 $752,000 -4.2% $770,000 9.6% 22.7% ASPLEY 48 $533,000 6.8% $515,000 8.4% 15.7% AUCHENFLOWER 8 N/A N/A $831,000 -3.1% 12.3% BALD HILLS 17 $381,000 -2.0% $379,000 5.6% 3.0% BALMORAL 12 $930,000 2.2% $875,000 11.8% 11.8% BANYO 23 $418,500 -2.1% $430,000 8.3% 12.9% BARDON 36 $903,000 9.1% $800,000 9.0% 19.0% BELLBOWRIE ~ 20 $427,000 -11.8% $450,000 6.5% 5.8% BELMONT 8 N/A N/A $550,000 5.3% 2.8% BOONDALL 34 $425,000 -0.7% $420,000 5.0% 3.7% BRACKEN RIDGE 54 $412,500 0.6% $418,000 3.2% 3.7% BRIDGEMAN DOWNS 25 $697,500 -4.5% $689,500 6.1% 14.9% BRIGHTON 40 $440,000 3.5% $425,000 3.7% 10.4% BULIMBA ~ 24 $1,135,000 -9.9% $1,058,500 16.3% 34.8% BURBANK ^ 5 N/A N/A $1,025,000 N/A N/A CALAMVALE ~ 34 $588,000 10.9% $548,000 7.5% 15.4% CAMP HILL ~ 56 $672,022 -0.4% $717,000 15.6% 30.4% CANNON HILL ~ 26 $700,000 10.2% $636,086 15.7% 32.0% CARINA 30 $535,000 2.9% $536,000 9.9% 16.5% CARINA HEIGHTS 9 N/A N/A $574,000 9.9% 23.4% CARINDALE 42 $716,500 7.7% $730,000 12.5% 17.4% CARSELDINE 16 $560,000 7.7% $530,000 3.4% 7.3% CHANDLER ^ 5 N/A N/A $1,340,000 N/A N/A CHAPEL HILL 28 $659,250 -5.6% $655,000 7.6% 12.0% CHELMER ~ f 12 $1,215,000 86.9% $800,000 -15.6% 15.1% CHERMSIDE ~ 22 $570,000 17.5% $505,300 10.3% 17.0% CHERMSIDE WEST 20 $477,000 8.4% $470,000 9.3% 7.8% CLAYFIELD 24 $950,000 4.7% $890,000 11.3% 21.1% COOPERS PLAINS 21 $478,000 N/A $470,000 11.9% 19.0% COORPAROO 36 $720,000 2.1% $697,500 9.8% 21.1% CORINDA 8 N/A N/A $556,000 4.4% -5.8% DARRA 16 $355,000 N/A $340,000 8.3% 1.1% DEAGON 16 $420,000 9.9% $370,000 -5.0% 3.6% DOOLANDELLA 6 N/A N/A $411,000 13.2% 17.6% DREWVALE ~ 15 $515,000 11.5% $471,000 0.2% 7.4% DURACK 14 $346,500 -3.4% $358,650 13.3% 7.1% EAST BRISBANE 19 $727,500 N/A $689,000 4.2% 13.0% EIGHT MILE PLAINS 43 $635,000 -2.5% $640,000 11.9% 21.9% ENOGGERA 16 $570,000 -1.7% $575,000 3.5% 13.4% EVERTON PARK 38 $524,170 1.6% $501,000 6.1% 16.5% FAIRFIELD ~ 10 $700,000 N/A $631,000 16.3% 8.8% FERNY GROVE 13 $575,000 3.6% $539,500 13.0% 15.4% FIG TREE POCKET ~ 12 $820,000 -6.3% $855,000 13.2% 43.5% FITZGIBBON 17 $416,500 N/A $399,500 6.5% -3.7% FOREST LAKE 88 $419,000 4.4% $394,000 3.7% 6.5% GAYTHORNE 7 N/A N/A $545,000 -1.6% 4.3% GEEBUNG ~ 25 $476,000 -3.1% $460,000 16.5% 13.6% GORDON PARK 13 $737,500 N/A $655,000 9.2% 14.7% GRACEVILLE 21 $651,000 0.2% $700,000 -2.1% 16.7% GRANGE ~ 17 $860,000 17.0% $750,000 11.9% 21.0% GREENSLOPES 17 $640,000 0.0% $637,500 13.8% 24.5% HAMILTON ~ f 18 $872,500 N/A $970,000 -32.2% -19.2% HAWTHORNE ~ 24 $1,133,500 14.8% $1,000,000 19.0% 44.9% HEATHWOOD 7 N/A N/A $537,000 -5.0% 7.4% HEMMANT 7 N/A N/A $413,500 8.2% 3.2% HENDRA ~ 30 $870,000 16.0% $822,000 14.8% 25.4% HIGHGATE HILL 11 $812,000 N/A $814,000 7.1% 8.5% HOLLAND PARK 28 $597,500 2.1% $580,000 10.5% 18.2% HOLLAND PARK WEST ~ 27 $605,250 11.1% $575,000 5.2% 12.7% INALA 40 $290,000 1.8% $287,000 4.4% -1.0% INDOOROOPILLY 32 $680,000 9.7% $700,000 -1.8% 13.8% SALES MARKET - HOUSES (CONT’D) SUBURB NUMBER OF SALES JUN-14 MEDIAN SALE JUN-14 QTRLY CHANGE MEDIAN SALE 12MTHS JUN-14 1YR CHANGE 5YR CHANGE
  • 8. BRISBANE MARKET UPDATES 8 QUEENSLAND MARKET MONITOR HAWTHORNE 9 N/A N/A $490,000 3.2% 17.5% HENDRA 5 N/A N/A $500,000 N/A N/A HERSTON 7 N/A N/A $420,000 N/A N/A HIGHGATE HILL ~ f 18 $490,000 -19.7% $508,000 2.6% 14.8% HOLLAND PARK WEST 8 N/A N/A $366,000 N/A 6.1% INDOOROOPILLY ~ t 20 $422,000 -10.2% $440,000 3.5% 4.8% KANGAROO POINT 63 $483,000 6.2% $500,000 5.5% 19.0% KEDRON * 11 $337,500 -0.7% $347,000 6.5% 8.4% KELVIN GROVE 32 $470,000 3.8% $499,500 -0.1% 12.2% KURABY 5 N/A N/A $292,250 0.9% -4.2% LUTWYCHE * 13 $335,000 -11.8% $380,000 -14.6% 13.4% MANLY WEST * t 6 N/A N/A $347,000 -13.2% -11.7% MCDOWALL 7 N/A N/A $411,000 9.6% 7.2% MILTON 5 N/A N/A $488,000 0.1% 1.7% MITCHELTON 4 N/A N/A $367,000 N/A 6.4% MOOROOKA t 27 $380,000 10.9% $367,500 0.8% 12.0% MORNINGSIDE 28 $486,000 4.6% $467,500 8.1% 11.3% MOUNT GRAVATT EAST 17 $381,000 -4.0% $390,000 -4.2% 10.3% NEW FARM ~ 46 $536,000 -8.5% $549,500 14.5% 25.2% NEWMARKET ~ 6 N/A N/A $455,000 15.9% 13.8% NEWSTEAD ~ f 16 $845,000 12.8% $765,000 25.7% 40.1% NORMAN PARK 5 N/A N/A $491,000 6.7% 4.9% NORTHGATE ~ t 1 N/A N/A $350,000 -9.1% -3.4% NUNDAH * ~ t 54 $375,500 -7.6% $415,000 5.1% 2.3% PADDINGTON ~ * t 25 $484,901 35.4% $485,106 -7.0% 12.2% RED HILL 6 N/A N/A $409,500 N/A 6.4% RICHLANDS * t 8 N/A N/A $337,000 0.6% N/A ROCHEDALE 9 N/A N/A $392,000 1.2% N/A RUNCORN 30 $322,500 -0.5% $337,000 -1.5% 5.0% SHERWOOD 13 $442,500 -1.7% $440,000 5.1% 3.5% SOUTH BRISBANE * 19 $475,000 -2.5% $485,000 7.2% 21.3% SPRING HILL ~ 27 $435,000 12.4% $380,000 -1.3% 0.7% ST LUCIA ~ 30 $435,000 -9.1% $472,500 -1.2% 7.4% STAFFORD 8 N/A N/A $400,000 -1.2% 14.9% SUNNYBANK HILLS ~ t 8 N/A N/A $322,500 -10.7% -4.9% TAIGUM ~ t 29 $385,000 13.2% $376,500 18.6% 17.7% TARINGA 24 $382,750 -3.1% $397,250 -5.4% 4.5% TENERIFFE ~ f 42 $642,750 -1.1% $620,000 12.8% 17.0% TENNYSON 3 N/A N/A $940,000 N/A N/A THE GAP 7 N/A N/A $449,000 N/A 7.0% TINGALPA 9 N/A N/A $327,800 2.0% 5.1% TOOWONG ~ 31 $428,000 -5.9% $435,000 3.6% 13.0% UPPER MOUNT GRAVATT 8 N/A N/A $363,500 3.9% -9.1% WAKERLEY 5 N/A N/A $429,950 0.0% N/A WAVELL HEIGHTS 3 N/A N/A $416,500 N/A -0.8% WEST END * f 28 $610,000 28.4% $549,900 5.5% -2.0% WINDSOR ~ 20 $385,000 -6.7% $408,500 2.8% 20.1% WISHART 10 $366,000 N/A $362,500 7.0% 5.1% WOOLLOONGABBA 21 $405,000 N/A $400,000 -3.6% 8.1% WOOLOOWIN 7 N/A N/A $380,000 5.7% 16.2% WYNNUM 12 $350,000 N/A $351,000 -5.4% -2.5% WYNNUM WEST * ~ t 32 $394,000 N/A $381,000 27.0% 22.9% YEERONGPILLY 9 N/A N/A $406,000 5.0% 1.5% YERONGA 15 $382,000 1.9% $409,000 -3.2% -0.7% ZILLMERE ~ 24 $333,250 -5.5% $340,000 -7.2% 1.3% SALES MARKET - UNITS & TOWNHOUSES SALES MARKET - UNITS & TOWNHOUSES (CONT’D) SUBURB NUMBER OF SALES JUN-14 MEDIAN SALE JUN-14 QTRLY CHANGE MEDIAN SALE 12MTHS JUN-14 1YR CHANGE 5YR CHANGE SALES MARKET - HOUSES (CONT’D) SUBURB NUMBER OF SALES JUN-14 MEDIAN SALE JUN-14 QTRLY CHANGE MEDIAN SALE 12MTHS JUN-14 1YR CHANGE 5YR CHANGE WEST END ~ 12 $950,000 N/A $910,000 15.6% 26.4% WESTLAKE ~ 14 $560,000 -16.4% $630,000 9.9% 19.3% WILSTON 16 $859,500 -5.8% $835,600 -3.2% 16.9% WINDSOR 9 N/A N/A $700,000 6.1% 12.9% WISHART ~ 23 $565,500 -9.2% $550,000 3.8% 13.1% WOOLLOONGABBA 7 N/A N/A $627,500 4.6% 6.4% WOOLOOWIN ~ 17 $681,500 -13.2% $750,000 11.1% 29.3% WYNNUM 66 $527,500 3.4% $525,000 5.0% 11.7% WYNNUM WEST 43 $490,000 5.0% $460,000 8.7% 3.8% YERONGA 15 $650,000 N/A $655,000 3.8% 0.8% ZILLMERE 26 $395,500 -4.0% $403,000 11.9% 10.4% BRISBANE CITY (LGA) 1,827 $417,500 0.6% $415,000 4.6% 9.2% ALBION ~ * 9 N/A N/A $445,000 -19.1% 15.6% ALDERLEY ~ 4 N/A N/A $440,000 11.4% 19.6% ALGESTER 7 N/A N/A $297,000 2.4% -4.2% ANNERLEY * t 26 $445,000 -10.4% $400,000 5.6% 14.6% ASCOT 20 $446,000 6.2% $412,250 7.2% 8.8% ASHGROVE ~ t 15 $430,750 -8.4% $420,500 2.2% 10.4% ASPLEY 12 $399,000 N/A $375,000 5.5% 5.3% AUCHENFLOWER 24 $471,500 2.3% $469,500 4.6% 4.9% BALMORAL 3 N/A N/A $483,750 -7.0% 16.9% BOONDALL * t 12 $394,000 N/A $392,000 N/A N/A BOWEN HILLS 13 $422,000 -4.4% $434,000 9.9% 4.2% BRACKEN RIDGE 9 N/A N/A $319,500 3.1% -8.6% BRIGHTON 1 N/A N/A $407,500 N/A N/A BRISBANE CITY * 148 $525,000 2.9% $500,000 8.9% 17.4% BULIMBA ~ f 19 $560,000 13.1% $566,000 -1.6% 16.1% CALAMVALE 22 $348,000 5.5% $363,394 -1.2% 2.4% CAMP HILL ~ t 5 N/A N/A $429,000 -12.7% 10.0% CARINA * t 30 $395,000 -4.8% $428,250 9.8% 7.9% CARINA HEIGHTS ~ * 16 $450,000 0.2% $445,000 4.7% 2.9% CARINDALE 8 N/A N/A $408,000 -0.5% -19.2% CARSELDINE 7 N/A N/A $370,000 -3.2% 5.7% CHERMSIDE * 32 $390,500 -5.3% $395,000 0.6% -2.5% CLAYFIELD 36 $411,000 5.4% $383,250 8.0% 9.5% COOPERS PLAINS 4 N/A N/A $386,000 -6.9% N/A COORPAROO 39 $401,000 1.1% $396,500 8.0% 15.6% CORINDA 5 N/A N/A $385,000 5.5% -6.1% DOOLANDELLA 1 N/A N/A $348,500 -0.3% N/A DURACK 5 N/A N/A $350,000 -0.4% N/A DUTTON PARK ~ 1 N/A N/A $502,000 20.2% N/A EAST BRISBANE ~ 22 $420,000 10.5% $407,500 -6.5% 16.1% EIGHT MILE PLAINS ~ t 28 $369,000 -8.3% $383,000 2.1% 6.4% ELLEN GROVE * t 12 $346,000 N/A $346,000 N/A N/A ENOGGERA 4 N/A N/A $420,000 7.7% 12.4% EVERTON PARK t 43 $425,000 10.5% $404,000 -3.8% 17.5% FAIRFIELD * 9 N/A N/A $340,000 -19.4% -11.7% FORTITUDE VALLEY ~ 45 $500,000 17.1% $430,000 3.6% 8.9% GAYTHORNE * t 7 N/A N/A $405,000 2.5% 22.2% GORDON PARK ~ 6 N/A N/A $376,000 11.6% 9.0% GREENSLOPES ~ 26 $356,500 -4.3% $372,500 10.9% 4.9% HAMILTON 28 $490,000 -3.4% $505,000 1.0% 17.4% Direct Connect makes moving easy for your customers by arranging their utility connections and other moving solutions. 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  • 9. BRISBANE MARKET UPDATES RENTAL MARKET - 3 BED HOUSES POST JUN-14 JUN-13 CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS 4115 ALGESTER $375 24 $380 32 4116 CALAMVALE $400 18 $400 17 SOUTH EAST - INNER $450 246 $450 304 4151 COORPAROO $480 37 $475 43 4152 CAMP HILL $435 95 $435 108 4170 CANNON HILL $460 61 $450 89 4171 BALMORAL $510 38 $540 46 4172 MURARRIE $410 15 $400 18 SOUTH EAST - OUTER $415 50 $420 32 4153 BELMONT $445 7 $440 5 4154 GUMDALE $470 6 N.A. 3 4173 TINGALPA $405 26 $450 15 4174 HEMANT $360 8 $400 7 SOUTH WEST - INNER $430 98 $420 106 4068 CHELMER $450 43 $450 43 4075 CORINDA $400 55 $415 63 SOUTH WEST - OUTER $360 294 $350 333 4069 BROOKFIELD $500 31 $430 48 4070 ANSTEAD $380 11 $360 13 4073 SEVENTEEN MILE ROCKS $390 14 $400 11 4074 JINDALEE $395 65 $400 53 4076 DARRA $340 33 $330 29 4077 DOOLANDELLA $320 57 $310 86 4078 FOREST LAKE $360 83 $350 93 JUNE QUARTER 2014 9 RENTAL MARKET - 3 BED HOUSES POST JUN-14 JUN-13 CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS RENTAL MARKET - 2 BED UNITS SALES MARKET - VACANT LAND SUBURB NUMBER OF SALES JUN-14 MEDIAN SALE JUN-14 QTRLY CHANGE MEDIAN SALE 12MTHS JUN-14 1YR CHANGE 5YR CHANGE BRISBANE CITY (LGA) $410 2,599 $410 2,730 BAYSIDE $420 135 $400 132 4178 WYNNUM $415 88 $400 77 4179 MANLY $420 47 $400 55 CITY INNER $550 199 $525 207 4000 BRISBANE CITY $550 14 $550 17 4005 NEW FARM $600 20 $720 13 4006 BOWEN HILLS $580 9 $595 9 4064 PADDINGTON $590 54 $550 44 4066 TOOWONG $500 37 $500 33 4067 ST LUCIA $510 12 $465 9 4101 WEST END $600 18 $550 39 4102 WOOLOONGABBA $460 12 $480 20 4169 EAST BRISBANE $530 23 $520 23 NORTH - INNER $450 268 $450 299 4007 ASCOT $570 20 $530 27 4011 CLAYFIELD $550 27 $575 30 4012 NUNDAH $400 54 $425 63 4030 LUTWYCHE $465 51 $460 43 4031 GORDON PARK $445 39 $420 51 4051 ALDERLEY $445 75 $450 75 NORTH - OUTER $390 359 $380 378 4013 NORTHGATE $410 10 $440 15 4014 VIRGINIA $400 29 $390 33 4017 BRACKEN RIDGE $380 113 $375 114 4018 FITZGIBBON $390 38 $385 22 4032 CHERMSIDE $390 46 $375 57 4034 ASPLEY $400 112 $390 117 4036 BALD HILLS $380 11 $350 20 NORTH WEST - INNER $510 117 $500 104 4059 KELVIN GROVE $525 51 $550 39 4060 ASHGROVE $500 44 $470 37 4065 BARDON $500 22 $495 28 NORTH WEST - OUTER $410 220 $400 226 4053 STAFFORD $400 142 $400 146 4054 ARANA HILLS $400 43 $400 53 4061 THE GAP $440 35 $450 27 SOUTH - INNER $430 334 $415 311 4103 ANNERLEY $430 38 $430 32 4104 YERONGA $450 10 $450 15 4105 MOOROOKA $410 40 $405 37 4120 GREENSLOPES $450 26 $480 21 4121 HOLLAND PARK $430 74 $430 82 4122 MANSFIELD $410 143 $400 122 SOUTH - OUTER $380 279 $375 298 4107 SALISBURY $400 20 $385 33 4108 COOPERS PLAINS $385 19 $355 16 4109 MACGREGOR $390 84 $390 81 4110 ACACIA RIDGE $350 55 $350 41 4112 KURABY $380 11 $350 9 4113 EIGHT MILE PLAINS $385 44 $380 52 BRISBANE CITY $395 3,945 $390 3,852 BAYSIDE $320 46 $320 48 4178 WYNNUM $320 30 $310 31 4179 MANLY $310 16 $350 17 CITY INNER $495 1,588 $490 1,516 4000 BRISBANE CITY $580 345 $600 283 4005 NEW FARM $500 270 $520 249 4006 BOWEN HILLS $495 242 $495 215 4064 PADDINGTON $390 49 $400 60 4066 TOOWONG $390 163 $390 194 4067 ST LUCIA $400 71 $430 87 4101 WEST END $510 257 $490 209 4102 WOOLOONGABBA $460 49 $425 55 4169 EAST BRISBANE $465 142 $470 158 NORTH - INNER $355 812 $350 785 4007 ASCOT $400 142 $380 124 4010 ALBION $375 28 $380 24 4011 CLAYFIELD $350 148 $350 138 4012 NUNDAH $360 190 $360 175 4030 LUTWYCHE $345 112 $345 108 4031 GORDON PARK $320 72 $335 67 4051 ALDERLEY $350 120 $350 149 NORTH - OUTER $340 224 $340 237 4013 NORTHGATE $310 25 $300 30 4014 VIRGINIA $280 8 $350 11 4017 BRACKEN RIDGE $290 16 $295 22 4018 FITZGIBBON $320 9 N.A. 2 4032 CHERMSIDE $360 86 $390 94 4034 ASPLEY $350 80 $320 78 NORTH WEST - INNER $400 140 $395 115 4059 KELVIN GROVE $410 98 $420 79 4060 ASHGROVE $400 37 $360 31 4065 BARDON $360 5 $330 5 NORTH WEST - OUTER $390 82 $340 72 4053 STAFFORD $390 80 $350 69 SOUTH - INNER $360 379 $350 398 4103 ANNERLEY $350 99 $335 99 4104 YERONGA $350 28 $340 40 4105 MOOROOKA $330 51 $370 49 4120 GREENSLOPES $360 78 $350 91 4121 HOLLAND PARK $350 31 $330 38 4122 MANSFIELD $390 88 $390 76 BRISBANE CITY (LGA) 154 $335,750 4.9% $304,950 4.6% 11.7% BRISBANE CITY (LGA) ^ ~ 12 $737,500 N/A $690,000 -8.0% 50.0% BRIDGEMAN DOWNS * 8 N/A N/A $383,500 9.1% 27.8% BRIGHTON * 1 N/A N/A $280,000 N/A N/A CARSELDINE ~ 4 N/A N/A $347,500 12.6% 27.3% DOOLANDELLA 2 N/A N/A $247,000 7.4% 9.8% FITZGIBBON * 27 $170,300 N/A $194,900 15.4% N/A HEATHWOOD * 1 N/A N/A $265,000 N/A 10.9% KURABY 2 N/A N/A $324,200 -1.0% -0.6% MOGGILL ~ 14 $252,500 -6.5% $260,000 6.1% 10.6% OXLEY * 2 N/A N/A $285,000 1.8% 16.3% ROCHEDALE ~ 2 N/A N/A $409,000 12.8% N/A UPPER KEDRON 4 N/A N/A $295,000 -3.3% N/A WYNNUM 6 N/A N/A $320,000 N/A N/A
  • 10. BRISBANE MARKET UPDATES RENTAL MARKET - 2 BED UNITS (CONT’D) POST JUN-14 JUN-13 CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS SOUTH - OUTER $310 43 $300 50 4107 SALISBURY $300 7 $295 7 4108 COOPERS PLAINS $315 6 N.A. 3 4109 MACGREGOR $345 15 $385 18 SOUTH EAST - INNER $370 368 $370 380 4151 COORPAROO $360 141 $350 150 4152 CAMP HILL $375 34 $360 47 4170 CANNON HILL $380 93 $365 94 4171 BALMORAL $400 98 $450 87 SOUTH EAST - OUTER $350 6 $320 7 4173 TINGALPA $350 6 $310 6 SOUTH WEST - INNER $380 239 $370 228 4068 CHELMER $380 207 $380 181 4075 CORINDA $320 32 $330 47 SOUTH WEST - OUTER $325 18 $300 16 4078 FOREST LAKE $340 11 $340 8 10 QUEENSLAND MARKET MONITOR RENTAL MARKET - 3 BED TOWNHOUSES POST JUN-14 JUN-13 CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS BRISBANE CITY $400 1,510 $405 1,309 BAYSIDE $400 101 $390 100 4178 WYNNUM $400 68 $390 40 4179 MANLY $410 33 $390 60 CITY INNER $560 51 $580 42 4000 BRISBANE CITY $675 6 N.A. 1 4005 NEW FARM $560 5 N.A. 4 4006 BOWEN HILLS $610 5 $525 5 4066 TOOWONG $490 8 $560 7 4067 ST LUCIA $450 8 N.A. 3 4101 WEST END $575 9 $695 10 NORTH - INNER $450 97 $460 82 4007 ASCOT $550 8 $620 5 4011 CLAYFIELD $590 13 $570 19 4012 NUNDAH $445 23 $435 18 4030 LUTWYCHE $425 7 $475 5 4031 GORDON PARK $450 17 $450 13 4051 ALDERLEY $425 29 $435 21 NORTH - OUTER $385 208 $380 160 4013 NORTHGATE $450 9 $410 14 4017 BRACKEN RIDGE $365 42 $365 33 4018 FITZGIBBON $320 42 $370 30 4032 CHERMSIDE $435 20 $430 22 4034 ASPLEY $395 88 $385 46 4036 BALD HILLS $360 7 $350 15 NORTH WEST - INNER $490 14 $550 17 4060 ASHGROVE $460 5 $499 7 4065 BARDON $550 6 N.A. 3 NORTH WEST - OUTER $430 59 $410 47 4053 STAFFORD $430 47 $410 35 4054 ARANA HILLS $395 5 $385 7 4061 THE GAP $500 7 $435 5 SOUTH - INNER $450 126 $430 106 4103 ANNERLEY $520 31 $450 16 4104 YERONGA $475 16 $450 9 4105 MOOROOKA $410 18 $440 19 4120 GREENSLOPES $490 8 $460 12 4121 HOLLAND PARK $455 9 $430 12 4122 MANSFIELD $420 44 $410 38 SOUTH - OUTER $385 335 $390 286 4107 SALISBURY $380 6 $485 8 4109 MACGREGOR $400 51 $400 49 4110 ACACIA RIDGE $340 43 N.A. 4 4112 KURABY $380 17 $365 11 4113 EIGHT MILE PLAINS $400 105 $400 100 4115 ALGESTER $370 35 $370 34 4116 CALAMVALE $380 76 $380 75 SOUTH EAST - INNER $475 193 $470 215 4151 COORPAROO $495 17 $495 14 4152 CAMP HILL $445 98 $440 106 4170 CANNON HILL $480 56 $480 65 4171 BALMORAL $570 16 $575 24 4172 MURARRIE $480 6 $465 6 SOUTH EAST - OUTER $410 64 $405 55 4153 BELMONT $430 12 N.A. 2 4154 GUMDALE $415 29 $415 35 4173 TINGALPA $390 21 $380 18 SOUTH WEST - INNER $430 66 $430 66 4068 CHELMER $505 21 $510 20 4075 CORINDA $400 45 $400 46 SOUTH WEST - OUTER $355 196 $360 133 4073 SEVENTEEN MILE ROCKS $425 6 $410 12 4074 JINDALEE $390 18 $400 17 4076 DARRA $350 6 N.A. 4 4077 DOOLANDELLA $355 121 $355 80 4078 FOREST LAKE $355 42 $350 14 DID YOU KNOW? YOU CAN GET MEDIAN WEEKLY RENTS FOR OTHER PROPERTY TYPES ONLINE AT WWW.RTA.QLD.GOV.AU Increasing median prices along with lower days on market and reduced average vendor discounting are further signs that the Brisbane market is into recovery phase
  • 11. BRISBANE MARKET UPDATES JUNE QUARTER 2014 11 Heading into Spring, the greater Brisbane area looks set to build on the strong sales momentum of the June quarter. There were increases in both house and unit sales volumes in greater Brisbane, with shorter days on market compared to a year ago. Median sales price growth varied across the region, with some sectors of the market recording growth. Others recorded easing median sale prices on the back of increased activity at the affordable end of the market. HOUSE MARKET Over the June quarter 2014 the Brisbane statistical division recorded 2.2 per cent growth in its median house price to $470,000, driven by strong sales on the city’s outskirts. Ipswich, Logan and Moreton Bay all recorded increased sales activity, with Redland also posting healthy sales activity. Redland recorded a solid increase in the median house price, with median sale price growth in the remaining areas of greater Brisbane subdued. However, increased buyer confidence is resulting in stock that had been sitting on the market for some time starting to be taken up. First home buyer and investor activity has reportedly been improving in Moreton Bay as progress continues on the new Rail Line, amid ongoing development of the North Lakes residential and commercial precincts. Five of the top ten increases in preliminary sales for the June quarter were posted in Moreton Bay: in North Lakes, Kallangur, Deception Bay, Morayfield and Redland Bay. In Ipswich many agents are experiencing large sale volumes, creating a shortage of stock. However local agents expect sales to increase heading towards 2015, buoyed by demand from interstate investors in search of higher rental yields. Eagleby in Logan recorded a strong rise in sales and solid price growth in the June Quarter. UNIT MARKET Unit and townhouse sales in Greater Brisbane picked up from where they left off in the March Quarter, rising 18 per cent to the end of the June quarter. Ipswich and Redland recorded the strongest increases in unit and townhouse sales in the quarter, up 40 per cent and 19 per cent respectively. Over the quarter, Brendale and Beenleigh recorded double digit sales growth, with Cleveland, Birkdale and Ormiston in Redlands also recording healthy increases. Bundamba in Ipswich also recorded solid sales volumes. New townhouse complexes at Goodna have contributed to the overall median sale price for the Ipswich council area, which was up 26 per cent over the quarter. The greatest volume of sales activity occurred in the $250,000 to $350,000 price bracket during the June quarter, with more buyers also entering the market at the sub-$250,000 mark. RENTAL MARKET The vacancy rate for the Brisbane Statistical Division eased to 2.3 per cent at the end of June, compared to 1.9 per cent at the end of March. In the outer-lying suburbs of Greater Brisbane, vacancy rates have also softened in Ipswich and Logan, to more healthy market conditions. Moreton Bay and Redland City, however, continue to record tight vacancy levels, with agents in these areas reporting more demand than supply. Agents in the Moreton Bay area are seeing increased investor activity, with some NRAS developments being in strong demand. The latest figures from the Residential Tenancies Authority (RTA) also show a decline in the total number of bonds lodged during the June quarter across three bedroom houses, two bedroom units and three bedroom townhouses compared to the previous quarter. Steady pipelines of new developments, which are said to be attracting renewed interest from interstate investors, are expected to increase the supply of rental stock over the coming months. GREATER BRISBANE
  • 12. BRISBANE MARKET UPDATES 12 QUEENSLAND MARKET MONITOR SALES MARKET - HOUSES (CONT’D) SUBURB NUMBER OF SALES JUN-14 MEDIAN SALE JUN-14 QTRLY CHANGE MEDIAN SALE 12MTHS JUN-14 1YR CHANGE 5YR CHANGE SALES MARKET - HOUSES SUBURB NUMBER OF SALES JUN-14 MEDIAN SALE JUN-14 QTRLY CHANGE MEDIAN SALE 12MTHS JUN-14 1YR CHANGE 5YR CHANGE BRISBANE (SD) 6,102 $470,000 2.2% $462,000 5.7% 12.7% BRISBANE (SD) ^ 479 $540,000 -1.8% $555,000 3.7% 4.2% IPSWICH (LGA) 548 $300,000 -0.6% $305,000 4.5% -1.6% IPSWICH (LGA) ^ ~ 47 $476,250 13.4% $460,000 7.0% 5.8% AUGUSTINE HEIGHTS ~ * 16 $545,000 15.1% $490,500 -2.4% -9.2% BELLBIRD PARK 12 $320,250 N/A $310,600 -2.8% -5.9% BOOVAL 6 N/A N/A $261,000 0.4% -2.4% BRASSALL ~ 32 $286,250 -13.5% $314,250 3.0% -5.9% BUNDAMBA ~ * 14 $296,000 26.0% $280,000 8.9% 0.0% CAMIRA ~ 19 $347,000 9.3% $335,000 3.1% 0.0% CHURCHILL 7 N/A N/A $259,500 8.8% 0.8% COLLINGWOOD PARK ~ 25 $313,500 3.6% $291,203 -2.9% -11.1% EAST IPSWICH ~ 11 $230,000 N/A $236,000 -9.2% -14.2% EASTERN HEIGHTS 15 $290,000 0.7% $268,000 9.4% -0.6% FLINDERS VIEW ~ 14 $355,000 1.7% $350,000 11.1% -9.4% GOODNA 25 $262,500 0.6% $265,000 1.9% -10.2% IPSWICH 5 N/A N/A $303,000 9.7% 4.5% KARALEE ^ 7 N/A N/A $513,000 3.0% 9.1% LEICHHARDT ~ 19 $224,000 2.3% $214,500 7.3% -12.4% NEWTOWN 10 $270,000 N/A $307,000 N/A -5.5% NORTH BOOVAL 13 $236,500 N/A $239,000 3.9% -11.5% NORTH IPSWICH ~ 20 $265,500 15.4% $245,500 6.7% -12.6% ONE MILE ~ 7 N/A N/A $231,000 18.5% -8.7% RACEVIEW 30 $300,000 4.0% $300,000 3.4% -2.4% REDBANK PLAINS 48 $295,000 1.5% $295,000 5.4% -4.5% RIVERVIEW 7 N/A N/A $226,500 N/A -11.2% ROSEWOOD 7 N/A N/A $260,000 6.1% 4.0% SADLIERS CROSSING 7 N/A N/A $313,000 N/A 10.8% SILKSTONE ~ 18 $236,001 -17.6% $264,500 6.4% -2.9% SPRINGFIELD ~ 22 $376,500 -8.4% $380,000 5.6% 1.5% SPRINGFIELD LAKES 64 $402,300 0.6% $390,000 2.5% -0.5% WOODEND 6 N/A N/A $287,500 N/A -3.8% YAMANTO ~ 21 $377,500 11.9% $335,000 -0.9% 0.0% LOGAN (LGA) 716 $344,250 -2.2% $345,000 4.5% 1.5% LOGAN (LGA) ^ ~ 163 $484,250 -6.9% $500,000 4.2% 1.0% BEENLEIGH 19 $287,000 -1.0% $288,500 3.0% -11.3% BETHANIA 16 $275,000 -4.0% $281,000 -1.6% -6.8% BORONIA HEIGHTS 19 $327,500 2.3% $309,000 2.2% 0.2% BROWNS PLAINS ~ 20 $289,000 -6.0% $300,000 1.0% -4.8% BUCCAN ^ 6 N/A N/A $527,000 N/A -5.0% CEDAR GROVE ^ 8 N/A N/A $418,000 11.5% 6.7% CEDAR VALE ^ 15 $428,000 -2.7% $429,000 3.6% 2.9% CHAMBERS FLAT ^ 2 N/A N/A $487,500 N/A -6.3% CORNUBIA 18 $462,500 0.3% $467,500 3.9% 5.1% CORNUBIA ^ 4 N/A N/A $647,500 N/A N/A CRESTMEAD 42 $280,000 -2.9% $279,000 1.5% -7.0% DAISY HILL 36 $470,000 7.6% $420,000 7.1% 11.4% EAGLEBY ~ 36 $251,500 3.9% $250,000 1.6% -12.3% EDENS LANDING 21 $347,000 -0.4% $347,000 5.2% -3.3% FORESTDALE ^ 4 N/A N/A $649,000 11.5% 13.9% GREENBANK ^ ~ 22 $539,500 11.5% $520,000 6.1% 1.8% HERITAGE PARK 16 $430,500 9.7% $392,000 3.5% 1.8% HILLCREST 12 $303,000 N/A $320,100 1.0% -3.0% JIMBOOMBA 9 N/A N/A $365,000 -3.7% -3.9% JIMBOOMBA ^ 27 $455,000 5.0% $460,000 2.2% 3.1% KINGSTON ~ 40 $279,000 11.4% $260,000 9.0% -5.5% LOGAN CENTRAL 15 $270,000 0.0% $258,000 9.8% -4.4% LOGAN VILLAGE ^ 7 N/A N/A $495,000 7.6% 2.1% LOGANHOLME ~ 17 $353,000 11.7% $350,550 -2.6% 0.6% LOGANLEA 19 $302,500 -2.4% $298,500 2.9% -0.5% MARSDEN 36 $329,400 7.5% $317,750 8.4% 1.8% MEADOWBROOK 7 N/A N/A $361,000 0.3% -4.5% MOUNT WARREN PARK 24 $337,500 -0.7% $337,000 1.0% -0.9% MUNRUBEN ^ 7 N/A N/A $517,500 5.6% 1.9% NEW BEITH ^ 13 $562,000 N/A $555,000 7.8% 4.7% REGENTS PARK 39 $371,500 4.4% $353,000 1.1% 0.8% ROCHEDALE SOUTH 40 $415,000 -5.7% $420,000 6.3% 9.1% SHAILER PARK 40 $492,500 6.4% $470,000 4.4% 7.1% SLACKS CREEK 19 $285,000 -3.4% $282,000 4.2% -5.7% SPRINGWOOD 26 $420,000 0.4% $425,500 6.6% 6.9% TANAH MERAH 17 $380,000 N/A $395,000 7.1% 1.4% UNDERWOOD 25 $495,000 3.1% $465,000 3.3% 21.2% WATERFORD 8 N/A N/A $357,500 4.8% -3.4% WATERFORD WEST 18 $314,000 N/A $305,000 8.9% -2.6% WINDAROO 8 N/A N/A $407,000 10.0% 4.4% WOODRIDGE ~ 30 $265,000 2.3% $255,000 10.9% -2.5% YARRABILBA 6 N/A N/A $381,000 N/A N/A MORETON BAY (LGA) 1,182 $387,500 1.4% $385,000 3.6% 4.1% MORETON BAY (LGA) ^ 173 $545,000 1.5% $559,000 4.5% 3.0% ALBANY CREEK ~ 49 $464,500 -8.1% $500,000 4.2% 6.4% ARANA HILLS ~ 27 $490,000 14.2% $455,250 3.7% 4.7% BANKSIA BEACH ~ f 20 $467,000 11.5% $450,000 -2.2% -4.1% BEACHMERE 13 $301,000 -1.3% $300,000 1.7% -9.1% BELLARA 9 N/A N/A $320,000 3.2% -1.5% BELLMERE 17 $315,000 0.0% $315,000 -3.7% -9.7% BONGAREE ~ 18 $430,000 -8.1% $390,000 8.6% 4.0% BRAY PARK 30 $362,500 0.3% $357,000 4.3% 0.6% BURPENGARY 25 $368,000 3.7% $351,500 4.1% 0.4% BURPENGARY ^ 16 $545,000 N/A $530,000 1.9% 5.8% BURPENGARY EAST ^ 6 N/A N/A $515,750 0.9% 3.2% CABOOLTURE ^ 15 $471,250 N/A $450,000 4.4% 0.0% CABOOLTURE ~ 57 $285,000 -7.5% $290,000 5.5% -3.3% CABOOLTURE SOUTH 20 $258,471 -0.6% $268,250 5.0% -3.2% CAMP MOUNTAIN ^ 5 N/A N/A $819,000 N/A N/A CASHMERE 7 N/A N/A $597,500 4.8% 6.2% CASHMERE ^ 6 N/A N/A $675,000 5.5% 3.2% CLONTARF 31 $379,000 1.3% $365,000 9.0% 2.8% DAKABIN 5 N/A N/A $422,500 N/A N/A DECEPTION BAY 69 $302,500 7.7% $289,000 1.4% -9.4% EATONS HILL 17 $518,000 -5.4% $527,000 3.3% 4.9% EATONS HILL ^ 2 N/A N/A $698,500 N/A N/A ELIMBAH ^ 8 N/A N/A $487,500 3.1% 0.5% EVERTON HILLS 19 $497,000 3.2% $480,000 6.8% 14.6% FERNY HILLS 33 $467,000 -3.5% $460,000 2.9% 8.2% GRIFFIN 20 $425,500 2.8% $420,000 6.3% 8.3% HIGHVALE ^ 2 N/A N/A $710,000 -6.6% N/A KALLANGUR 71 $336,500 -2.0% $335,900 5.0% -1.9% KIPPA-RING 31 $388,550 8.7% $373,000 9.7% 5.1% LAWNTON 8 N/A N/A $318,750 -4.9% -5.5% MANGO HILL 17 $447,000 -0.2% $425,768 -0.1% -1.0% MARGATE ~ 38 $406,000 9.4% $368,250 6.4% 6.1% MORAYFIELD 67 $310,000 0.0% $306,000 5.5% -6.1% MORAYFIELD ^ ~ 17 $502,500 -10.3% $518,000 8.0% 3.6% MURRUMBA DOWNS ~ 37 $463,000 -10.3% $450,000 7.1% 8.7% NARANGBA 54 $397,500 -4.2% $425,000 2.3% 4.9% NARANGBA ^ 5 N/A N/A $620,000 N/A N/A NEWPORT ~ f 8 N/A N/A $815,000 16.4% 2.6% NINGI 3 N/A N/A $335,000 3.9% -8.2% NINGI ^ 8 N/A N/A $475,000 0.0% -0.2% NORTH LAKES 83 $450,000 2.5% $447,250 4.0% 0.5% PETRIE 42 $361,000 1.7% $369,000 5.6% 1.1% REDCLIFFE ~ f 37 $374,500 10.1% $375,000 11.1% 7.1% ROTHWELL ~ 20 $372,500 -9.7% $365,000 4.3% -3.9% SAMFORD VALLEY ^ ~ 7 N/A N/A $900,000 15.2% 15.8% SANDSTONE POINT 11 $370,000 N/A $372,000 1.9% -3.5% SCARBOROUGH 45 $432,500 -3.4% $449,000 10.2% 12.3% STRATHPINE ~ 26 $380,000 9.7% $345,000 5.8% 2.7% UPPER CABOOLTURE 5 N/A N/A $316,000 1.5% -7.1% UPPER CABOOLTURE ^ 5 N/A N/A $520,000 7.2% N/A WAMURAN ^ ~ 5 N/A N/A $462,500 0.5% -9.8% WARNER 39 $475,000 1.9% $467,500 2.7% 6.3% WARNER ^ 8 N/A N/A $673,500 N/A 3.6% WOODY POINT ~ 14 $384,000 9.7% $380,000 -1.3% 6.0% WOORIM 8 N/A N/A $395,250 -6.6% -5.9%
  • 13. BRISBANE MARKET UPDATES BRISBANE CITY HOUSE SALES (p) MAR 14 JUN 14 1840 p) Preliminary. Source: REIQ, BRISBANE SURROUNDS HOUSE SALES (p) INCLUDES BRISBANE IPSWICH, LOGAN, CITY MORETON UNIT BAY SALES & REDLAND (p) MAR MAR 14 14 JUN JUN 14 14 860 454 363 44 p) Preliminary. Source: REIQ, GOLD COAST HOUSE SALES (p) BRISBANE SURROUNDS UNIT SALES (p) INCLUDES BRISBANE IPSWICH, MAR LOGAN, 14 MORETON MAR CITY 14 LAND JUN BAY SALES & 14 REDLAND JUN 14 548 (p) MAR 14 JUN 14 13 GOLD COAST UNIT SALES (p) SUNSHINE COAST & NOOSA HOUSE SALES (p) BRISBANE SURROUNDS LAND SALES (p) MAR 14 JUN 14 Includes IPSWICH, LOGAN, MORETON BAY & REDLAND MAR 14 JUN 14 (p) Preliminary. Source: (REIQ, p) Preliminary. Source: REIQ, (p) Preliminary. Source: REIQ, MAR 14 JUN 14 JUNE QUARTER 2014 13 SALES MARKET - HOUSES (CONT’D) SUBURB NUMBER OF SALES JUN-14 MEDIAN SALE JUN-14 QTRLY CHANGE MEDIAN SALE 12MTHS JUN-14 1YR CHANGE 5YR CHANGE SALES MARKET - UNITS & TOWNHOUSES SALES MARKET - UNITS & TOWNHOUSES (CONT’D) SUBURB NUMBER OF SALES JUN-14 MEDIAN SALE JUN-14 QTRLY CHANGE MEDIAN SALE 12MTHS JUN-14 1YR CHANGE 5YR CHANGE REDLAND (LGA) 473 $469,000 2.0% $460,000 2.2% 5.7% REDLAND (LGA) ^ 20 $830,000 4.1% $780,000 7.2% -2.5% ALEXANDRA HILLS 55 $409,500 -0.7% $408,000 4.9% 5.2% BIRKDALE 48 $480,000 0.2% $480,000 5.6% 10.1% CAPALABA 45 $440,000 7.6% $420,000 3.6% 3.7% CAPALABA ^ 5 N/A N/A $830,000 3.4% 11.0% CLEVELAND ~ 36 $477,500 -13.2% $510,000 -1.1% 3.0% MACLEAY ISLAND ~ f 11 $199,000 13.7% $199,000 -10.6% -23.2% MOUNT COTTON 24 $465,000 1.9% $465,000 1.3% 3.3% ORMISTON ~ 26 $545,000 3.8% $547,750 -7.2% -3.1% REDLAND BAY ~ 67 $521,000 10.1% $488,000 2.3% 1.9% RUSSELL ISLAND ~ 11 $147,500 -37.8% $202,000 15.4% -12.2% SHELDON ^ ~ 4 N/A N/A $780,000 16.4% N/A THORNESIDE 13 $470,000 8.0% $425,000 -0.6% 9.3% THORNLANDS ^ ~ 4 N/A N/A $787,500 1.0% -8.4% THORNLANDS ~ 37 $505,000 -9.1% $515,000 1.0% 1.0% VICTORIA POINT 42 $465,000 -1.1% $465,000 3.3% 4.5% WELLINGTON POINT 41 $510,000 8.5% $519,000 1.8% 6.5% SURROUNDS LOCKYER VALLEY (LGA) 32 $245,000 7.7% $240,000 0.0% -6.7% LOCKYER VALLEY (LGA) ^ 58 $326,500 -2.3% $330,000 0.0% 1.2% GATTON ~ 18 $251,750 11.3% $251,000 -3.1% -12.4% KENSINGTON GROVE ^ 3 N/A N/A $325,000 2.5% 2.0% LAIDLEY ~ 9 N/A N/A $200,000 -16.7% -19.0% PLAINLAND ^ 6 N/A N/A $325,000 4.0% 0.0% REGENCY DOWNS ^ 7 N/A N/A $305,000 2.7% -2.9% WITHCOTT ^ 4 N/A N/A $360,000 5.3% 12.5% SOMERSET (LGA) 28 $262,500 7.6% $260,000 9.5% 9.7% SOMERSET (LGA) ^ ~ 49 $390,000 17.0% $345,000 0.0% 1.8% ESK 3 N/A N/A $238,000 N/A N/A ESK ^ 6 N/A N/A $300,000 N/A N/A FERNVALE 9 N/A N/A $335,000 N/A N/A FERNVALE ^ 4 N/A N/A $379,500 N/A N/A LOWOOD ^ 8 N/A N/A $300,000 N/A -1.2% LOWOOD ~ 5 N/A N/A $263,750 -18.2% 13.4% MINDEN ^ 4 N/A N/A $334,000 N/A 2.1% TOOGOOLAWAH 3 N/A N/A $207,000 N/A 6.2% BRISBANE (SD) 2,467 $390,000 1.3% $385,000 1.3% 9.1% IPSWICH (LGA) * t 59 $289,900 26.0% $280,000 5.7% 5.3% BRASSALL 4 N/A N/A $219,500 N/A -19.6% BUNDAMBA 9 N/A N/A $290,000 N/A N/A GOODNA * t 13 $310,000 N/A $310,000 N/A 31.9% REDBANK PLAINS * t 4 N/A N/A $219,000 -21.3% -19.3% LOGAN (LGA) 187 $230,000 1.1% $242,000 -4.0% -5.1% BEENLEIGH ~ t 17 $169,000 N/A $170,000 -9.3% -28.6% BORONIA HEIGHTS 9 N/A N/A $200,000 N/A N/A EAGLEBY * t 6 N/A N/A $264,500 -12.1% -10.9% HILLCREST 7 N/A N/A $218,000 N/A N/A LOGAN CENTRAL 5 N/A N/A $167,000 N/A -10.7% MARSDEN 9 N/A N/A $320,000 -3.3% N/A ROCHEDALE SOUTH 11 $281,250 3.8% $268,000 1.8% -0.7% SHAILER PARK 5 N/A N/A $274,000 -0.4% -3.5% SLACKS CREEK 11 $211,000 N/A $195,000 1.0% -17.0% SPRINGWOOD ~ t 12 $278,600 20.3% $255,000 3.0% -3.8% UNDERWOOD 7 N/A N/A $384,000 -1.3% 4.0% WATERFORD WEST 7 N/A N/A $188,500 N/A -13.0% WOODRIDGE 26 $185,750 5.8% $179,000 -0.8% -10.5% MORETON BAY (LGA) 290 $320,000 3.7% $320,000 3.2% 3.2% ARANA HILLS 2 N/A N/A $366,500 -3.4% 8.1% BELLARA 1 N/A N/A $276,250 N/A -6.4% BONGAREE 7 N/A N/A $290,000 0.0% -1.7% BRENDALE 39 $275,000 7.4% $261,380 -8.3% -6.7% CABOOLTURE * t 17 $275,000 37.5% $223,500 -2.8% -22.1% CLONTARF * 9 N/A N/A $412,000 1.1% 23.0% DECEPTION BAY * 11 $220,000 -1.7% $265,000 20.5% 3.5% GRIFFIN 2 N/A N/A $349,000 -3.9% N/A KALLANGUR 20 $308,083 N/A $314,000 6.4% 1.3% KIPPA-RING 11 $295,000 N/A $263,500 9.3% -20.1% LAWNTON 4 N/A N/A $220,000 8.6% -10.2% MANGO HILL 8 N/A N/A $355,000 N/A N/A MARGATE ~ f 9 N/A N/A $356,500 12.7% 4.9% MORAYFIELD ~ 8 N/A N/A $256,300 -16.0% -3.3% MURRUMBA DOWNS 2 N/A N/A $348,000 -0.5% 12.6% NARANGBA 1 N/A N/A $335,000 N/A N/A NORTH LAKES 22 $359,000 0.3% $359,000 7.2% N/A REDCLIFFE 38 $340,000 9.7% $345,000 -6.5% 4.2% SCARBOROUGH * t f 22 $377,500 -7.4% $385,000 5.5% 1.2% STRATHPINE 5 N/A N/A $254,750 3.1% -6.4% WOODY POINT 8 N/A N/A $325,000 -6.5% -11.8% REDLAND (LGA) 94 $335,000 3.9% $345,000 4.0% 4.9% BIRKDALE 722 7 N/A N/A $350,000 -6.7% 6.1% CAPALABA ~ t 15 $323,500 13.5% $296,000 2.4% -3.0% CLEVELAND ~ 112 28 $425,000 13.6% $400,000 14.6% 7.7% ORMISTON * t 5 N/A N/A $328,000 -21.0% -0.6% THORNESIDE 10 $307,500 N/A $312,500 14.9% 1.1% 1401 770 166 164 235 <$350,000 $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 973 972 409 18 1154 1157 472 18 <$350,000 $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 70 480 480 490 65 77 84 <$350,000 $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory Source: REIQ, data provided 81 437 311 31 79 440 346 37 <$350,000 $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. (p) Preliminary. Source: REIQ, (330 651 371 57 30 45 <$250,000 $250,000+ $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 182 207 99 43 3 197 260 111 46 5 <$250,000 $250,000+ $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 235 447 391 241 46 273 520 451 290 36 <$250,000 $250,000+ $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. SUNSHINE COAST & NOOSA UNIT SALES (p) MAR 14 JUN 14 (p) Preliminary. Source: REIQ, (59 38 9 43 40 40 31 <$250,000 $250,000+ $350,000+ $500,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 53 21 5 71 36 3 $250,000+ $350,000+ $500,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 88 GOLD COAST LAND SALES (p) MAR 14 JUN 14 (p) Preliminary. Source: REIQ, (p) Preliminary. Source: REIQ,
  • 14. BRISBANE MARKET UPDATES SALES MARKET - VACANT LAND SUBURB NUMBER OF SALES JUN-14 MEDIAN SALE JUN-14 14 QUEENSLAND MARKET MONITOR QTRLY CHANGE MEDIAN SALE 12MTHS JUN-14 1YR CHANGE 5YR CHANGE BRISBANE (SD) 643 $215,700 -1.5% $212,000 1.4% 1.0% BRISBANE (SD) ^ 70 $270,000 1.9% $262,500 -0.9% 5.0% IPSWICH (LGA) 105 $175,000 1.7% $175,000 0.0% 2.9% IPSWICH (LGA) ^ 5 N/A N/A $245,000 5.8% 4.3% AUGUSTINE HEIGHTS 5 N/A N/A $210,000 3.4% -5.2% BELLBIRD PARK * 11 $188,000 N/A $197,000 -1.5% N/A BRASSALL 7 N/A N/A $180,000 5.9% 4.0% BUNDAMBA 4 N/A N/A $159,950 5.9% N/A DEEBING HEIGHTS 3 N/A N/A $150,000 -1.4% N/A GOODNA 7 N/A N/A $175,000 -5.4% 2.9% KARALEE ^ 3 N/A N/A $257,500 1.8% 8.4% LEICHHARDT 6 N/A N/A $167,500 N/A N/A RACEVIEW * 17 $172,000 N/A $170,500 4.0% 1.8% REDBANK PLAINS * 4 N/A N/A $139,950 -9.7% -17.1% SPRINGFIELD LAKES * 25 $160,000 -3.6% $179,000 2.3% 8.5% LOGAN (LGA) 137 $195,000 -0.3% $179,000 -4.0% -9.6% LOGAN (LGA) ^ 17 $264,000 -3.6% $260,000 4.0% 13.5% BUCCAN ^ * 2 N/A N/A $292,500 N/A N/A CORNUBIA * 14 $347,500 N/A $345,000 1.5% N/A HOLMVIEW 5 N/A N/A $174,625 -3.9% -16.8% JIMBOOMBA 5 N/A N/A $169,000 N/A -9.6% JIMBOOMBA ^ ~ 1 N/A N/A $239,900 17.9% 27.9% LOGAN RESERVE * 22 $151,388 N/A $157,250 1.5% N/A LOGAN VILLAGE 8 N/A N/A $258,250 N/A N/A MARSDEN 6 N/A N/A $181,250 -7.1% -3.8% NEW BEITH ^ 4 N/A N/A $260,000 0.0% 8.3% UNDERWOOD ~ 7 N/A N/A $385,000 20.3% 20.3% WATERFORD * 22 $190,000 N/A $186,250 1.8% 7.7% WOODHILL ^ 5 N/A N/A $219,500 -0.7% N/A YARRABILBA * 21 $115,000 N/A $139,800 -11.6% N/A MORETON BAY (LGA) 168 $215,000 1.6% $210,600 2.7% 2.5% MORETON BAY (LGA) ^ 35 $260,000 -3.7% $260,000 -5.5% -10.3% BANKSIA BEACH 3 N/A N/A $452,500 -1.6% -2.7% BRAY PARK 4 N/A N/A $204,500 3.8% -7.0% BURPENGARY 8 N/A N/A $210,900 0.0% N/A BURPENGARY EAST ^ 1 N/A N/A $311,500 N/A N/A CABOOLTURE 16 $172,500 3.9% $178,700 -2.1% -3.5% CABOOLTURE ^ * 10 $257,500 N/A $260,000 0.0% N/A D'AGUILAR 2 N/A N/A $160,000 N/A -9.1% DAKABIN * 5 N/A N/A $200,000 1.3% N/A GRIFFIN * 23 $214,000 -0.5% $210,000 2.4% 5.5% MANGO HILL * 20 $225,000 N/A $228,000 7.5% -0.8% MORAYFIELD * 6 N/A N/A $172,000 -4.4% -9.5% MURRUMBA DOWNS 3 N/A N/A $272,500 N/A 11.2% NARANGBA 17 $208,500 N/A $201,450 1.7% -8.4% NORTH LAKES 16 $240,000 N/A $229,000 9.0% 10.9% WAMURAN ^ * 1 N/A N/A $236,000 N/A N/A WARNER * 14 $228,750 N/A $227,000 2.7% 0.9% WOODFORD ^ 3 N/A N/A $213,500 2.7% N/A REDLAND (LGA) ~ B 79 $70,000 75.0% $130,000 -44.7% -31.9% BIRKDALE 10 $299,000 N/A $314,000 N/A N/A MACLEAY ISLAND ~ f 19 $30,000 13.2% $26,500 -1.9% -58.6% MOUNT COTTON 1 N/A N/A $255,000 0.0% 6.3% REDLAND BAY 1 N/A N/A $265,000 0.0% 1.9% RUSSELL ISLAND ~ * 21 $20,000 -9.1% $20,250 -1.2% -59.5% THORNLANDS * 15 $275,000 -2.0% $285,000 4.8% 14.0% VICTORIA POINT 3 N/A N/A $265,000 N/A N/A WELLINGTON POINT - N/A N/A $335,000 4.7% 0.0% SURROUNDS LOCKYER VALLEY (LGA) 16 $100,000 N/A $100,000 0.0% -13.0% LOCKYER VALLEY (LGA) ^ * 23 $125,000 8.7% $125,000 4.2% -3.8% HATTON VALE ^ 5 N/A N/A $138,000 -2.5% N/A LAIDLEY NORTH * 10 $100,000 N/A $100,000 N/A N/A WITHCOTT ^ * 3 N/A N/A $149,000 N/A N/A SALES MARKET - VACANT LAND (CONT’D) SUBURB NUMBER OF SALES JUN-14 MEDIAN SALE JUN-14 QTRLY CHANGE MEDIAN SALE 12MTHS JUN-14 1YR CHANGE 5YR CHANGE SOMERSET (LGA) 9 N/A N/A $135,000 0.0% 4.7% FERNVALE 4 N/A N/A $142,000 N/A 9.2% RENTAL MARKET - 3 BED HOUSES POST JUN-14 JUN-13 CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS IPSWICH CITY $300 710 $290 818 4300 AUGUSTINE HEIGHTS $335 185 $330 200 4301 COLLINGWOOD PARK $310 100 $305 94 4303 DINMORE $260 18 $270 25 4304 BLACKSTONE $285 89 $280 96 4305 BASIN POCKET $275 252 $275 319 4306 AMBERLEY $310 44 $300 55 4340 ASHWELL $280 19 $280 25 LOGAN CITY $335 868 $330 897 4114 KINGSTON $310 171 $310 156 4118 BROWNS PLAINS $345 84 $340 104 4119 UNDERWOOD $375 14 $395 7 4123 PRIESTS GULLY $380 34 $370 49 4124 BORONIA HEIGHTS $330 30 $330 43 4125 MUNRUBEN $400 9 N.A. 4 4127 CHATSWOOD HILLS $350 81 $360 78 4128 KIMBERLEY PARK $400 33 $380 43 4129 LOGANDALE $355 25 $350 29 4130 CARBROOK $375 10 $380 7 4131 LOGANLEA $330 24 $320 30 4132 CRESTMEAD $325 74 $320 92 4133 CHAMBERS FLAT $345 49 $330 36 4205 BETHANIA $330 17 $320 22 4207 ALBERTON $325 185 $325 172 4280 JIMBOOMBA $400 24 $360 23 MORETON BAY REGIONAL $340 1,008 $330 1,064 4019 CLONTARF $350 71 $340 91 4020 NEWPORT $350 75 $335 86 4021 KIPPA-RING $340 37 $345 28 4022 ROTHWELL $330 10 $330 14 4035 ALBANY CREEK $400 27 $395 30 4055 BUNYA $410 25 $400 39 4500 BRAY PARK $355 77 $360 75 4501 LAWNTON $340 13 $325 16 4502 FRENCHS FOREST $340 16 $350 26 4503 DAKABIN $355 88 $340 103 4504 NARANGBA $340 25 $330 27 4505 BURPENGARY $324 32 $330 23 4506 MOORINA $295 63 $290 60 4507 BANKSIA BEACH $320 46 $320 54 4508 DECEPTION BAY $310 72 $295 81 4509 MANGO HILL $380 98 $375 62 4510 BALINGOOL $290 173 $285 187 4511 GODWIN BEACH $305 18 $300 28 4512 BRACALBA $370 5 $370 5 4514 BELLTHORPE $300 14 $325 13 4520 ARMSTRONG CREEK $445 12 N.A. 3 4521 CAMPBELLS POCKET $370 5 $350 5 REDLAND CITY $380 320 $380 319 4157 CAPALABA $380 28 $390 41 4158 THORNESIDE $360 12 $390 11 4159 AQUATIC PARADISE $385 27 $360 19 4160 EROBIN $400 30 $380 30 4161 ALEXANDRA HILLS $390 46 $385 47 4163 CLEVELAND $405 37 $395 28 4164 PINKLANDS $360 16 $410 7 4165 MOUNT COTTON $380 54 $390 68 4183 AMITY $350 6 $315 6 4184 COOCHIEMUDLO ISLAND $240 64 $235 62
  • 15. BRISBANE MARKET UPDATES JUNE QUARTER 2014 15 RENTAL MARKET - 3 BED HOUSES (CONT’D) POST JUN-14 JUN-13 CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS LOCKYER VALLEY REGIONAL $280 98 $270 133 4341 BLENHEIM $275 41 $270 54 4342 CROWLEY VALE $285 9 $250 10 4343 ADARE $280 39 $275 62 4344 CARPENDALE $250 5 $250 5 SOMERSET REGIONAL $270 73 $260 71 4311 ATKINSONS DAM $275 29 $260 39 4312 BRYDEN $250 14 $250 12 4313 BIARRA $230 11 $230 5 4515 GLENFERN $300 19 $300 15 RENTAL MARKET - 2 BED UNITS IPSWICH CITY $255 149 $240 122 4300 AUGUSTINE HEIGHTS $275 31 $250 28 4301 COLLINGWOOD PARK $260 19 $260 20 4304 BLACKSTONE $240 13 $240 28 4305 BASIN POCKET $250 81 $225 44 LOGAN CITY $265 196 $250 194 4114 KINGSTON $260 65 $250 78 4127 CHATSWOOD HILLS $310 21 $290 21 4128 KIMBERLEY PARK $290 8 $0 - 4132 CRESTMEAD $250 7 $235 6 4133 CHAMBERS FLAT $240 12 $255 11 4207 ALBERTON $255 68 $245 62 4280 JIMBOOMBA $270 5 N.A. 3 MORETON BAY REGIONAL $270 447 $270 427 4019 CLONTARF $270 71 $270 69 4020 NEWPORT $295 73 $285 96 4021 KIPPA-RING $265 15 N.A. 4 4500 BRAY PARK $295 32 $280 28 4501 LAWNTON $280 9 $260 14 4503 DAKABIN $280 40 $280 30 4505 BURPENGARY $250 9 $260 12 4506 MOORINA $260 13 $270 11 4507 BANKSIA BEACH $270 43 $260 56 4508 DECEPTION BAY $240 22 $290 9 4509 MANGO HILL $315 18 $315 10 4510 BALINGOOL $255 87 $250 73 REDLAND CITY $325 74 $295 72 4157 CAPALABA $320 19 $295 10 4163 CLEVELAND $360 33 $340 25 4165 MOUNT COTTON $220 7 $191 8 LOCKYER VALLEY REGIONAL $220 16 $240 17 4343 ADARE $245 10 $245 15 RENTAL MARKET - 3 BED TOWNHOUSES POST JUN-14 JUN-13 CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS IPSWICH CITY $310 97 $305 88 4300 AUGUSTINE HEIGHTS $320 41 $330 17 4301 COLLINGWOOD PARK $310 20 $300 28 4304 BLACKSTONE $310 19 $305 20 4305 BASIN POCKET $305 17 $296 23 LOGAN CITY $335 391 $325 352 4114 KINGSTON $310 45 $300 41 4118 BROWNS PLAINS $345 47 $345 50 4119 UNDERWOOD $405 14 $405 20 4123 PRIESTS GULLY $355 9 $320 8 4127 CHATSWOOD HILLS $320 44 $325 39 4128 KIMBERLEY PARK $340 9 $330 12 4131 LOGANLEA $341 30 $355 25 4132 CRESTMEAD $340 60 $340 25 4133 CHAMBERS FLAT $320 22 $315 19 4207 ALBERTON $320 102 $320 107 MORETON BAY REGIONAL $330 454 $330 473 4019 CLONTARF $320 12 $350 7 4020 NEWPORT $330 9 $325 14 4021 KIPPA-RING $325 54 $325 53 4035 ALBANY CREEK $380 5 $370 14 4055 BUNYA $350 8 N.A. 4 4500 BRAY PARK $350 28 $335 56 4501 LAWNTON $340 11 $330 10 4502 FRENCHS FOREST $320 8 $330 13 4503 DAKABIN $335 140 $335 117 4504 NARANGBA $345 9 $340 11 4505 BURPENGARY $315 29 $310 33 4506 MOORINA $310 14 $290 14 4507 BANKSIA BEACH $315 8 $290 6 4508 DECEPTION BAY $305 43 $300 42 4509 MANGO HILL $345 56 $345 48 4510 BALINGOOL $295 16 $295 25 REDLAND CITY $385 112 $380 89 4157 CAPALABA $360 13 $350 10 4158 THORNESIDE $375 10 $380 11 4160 EROBIN $390 19 $375 16 4163 CLEVELAND $405 35 $380 22 4165 MOUNT COTTON $385 24 $385 21 Find out more EXPERTS’ GUIDE TO BUYING PROPERTY BRISBANE - Sat 11 Oct INFORMATION CAN BE HARD TO FIND
  • 16. REGIONAL MARKET UPDATES GOLD COAST 16 QUEENSLAND MARKET MONITOR GOLD COAST HOUSE SALES (p) MAR 14 JUN 14 480 548 Average vendor discounting on the Gold Coast is down to 6.1 per cent, compared to 12.9 per cent in June 2013. Over the same period, average days on market on the Gold Coast fell from 109 to 74. UNIT MARKET The Gold Coast unit and townhouse market performed strongly in the June quarter, with preliminary sales figures up 10 per cent. While there was a dip in prestige unit sales priced above $1 million, all other sectors of the unit market performed strongly. Unit sales increases up to $500,000 were strongest, with the $500,000 to $1 million price bracket also recording healthy growth. The median unit and townhouse price on the Gold Coast at the end of the June quarter was $352,000 – up 3.5 per cent over the last 12 months. Coolangatta, Palm Beach, Burleigh Heads on the southern end of the Coast recorded strong sales increases, with canal suburbs Mermaid Waters and Burleigh Waters also performing well. Sales were also strong in suburbs on the northern edge of the Gold Coast such as Coomera, Helensvale and Upper Coomera. RENTAL MARKET The Gold Coast recorded a drop in its vacancy rate in the June quarter, down 0.5 percentage points to 1.7 per cent – a result not seen since December 2012. Local agents report the tight vacancy rate is driven by strong economic development which is increasing competition for rental properties. They report that vacancies are being snapped up quickly by tenants, which is making rental properties more attractive to investors. Gold Coast real estate continues to gain momentum with investors returning to the market as a result of low interest rates, low vacancy rates and improvements in the local economy. Local agents report that investors see the Gold Coast as a good value alternative to interstate markets, which have been recording double digit price growth. Demand continues to be strong for properties in suburbs surrounding the Gold Coast Health and Knowledge Precinct. The new Gold Coast light rail system is also delivering an important economic boost, as investors grow more confident about the city’s long term prospects. Local agents report the 2018 Commonwealth Games is driving renewed interest in the market from local, interstate and overseas investors, with a number of Asian airlines also increasing the number of direct flights to the Gold Coast. HOUSE MARKET The housing market in all price brackets is performing well, with stock remaining tight and demand solid. Sale volumes have increased across most areas of the market with the medium price of houses increasing by 7.5 per cent in the year to June 2014. Gold Coast housing picked up where it left off in the March quarter, recording consistent sales activity and solid price growth. Preliminary sales activity in Surfers Paradise were up nine per cent over the June quarter. Hinterland suburbs Nerang and Mudgeeraba were among the other star performers to post healthy sales increases, along with Molendinar and Robina. Jacob’s Well, Yatala and Upper Coomera on the northern tip of the Gold Coast also recorded steady sales increases in the June quarter. The strongest sales activity occurred in the $500,000-plus price bracket, with the prestige end of the market priced upwards of $1 million also performing strongly. Auctions are also said to be getting more competitive, with many properties selling above their reserve price in another sign that confidence is returning to the marketplace. The acreage sector is also on the rise, with preliminary sales for the June quarter up seven per cent on the back of strong prestige sales. Agents report that buyers in all sectors remain price sensitive but they remain confident of steady price growth going forward, without any large upward spikes. 409 18 472 18 <$350,000 $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 70 480 490 65 77 84 <$350,000 $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 81 SUNSHINE COAST & NOOSA HOUSE SALES (p) 437 MAR 14 JUN 14 311 31 79 440 346 37 <$350,000 $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. (p) Preliminary. Source: REIQ, data (p) Preliminary. Source: REIQ, (p) Preliminary. Source: REIQ,
  • 17. 17 REGIONAL MARKET UPDATES SALES MARKET - UNITS & TOWNHOUSES JUNE QUARTER 2014 SALES MARKET - HOUSES (CONT’D) SUBURB NUMBER OF SALES JUN-14 MEDIAN SALE JUN-14 QTRLY CHANGE MEDIAN SALE 12MTHS JUN-14 1YR CHANGE 5YR CHANGE SALES MARKET - HOUSES SUBURB NUMBER OF SALES JUN-14 MEDIAN SALE JUN-14 QTRLY CHANGE MEDIAN SALE 12MTHS JUN-14 1YR CHANGE 5YR CHANGE GOLD COAST (LGA) 1,230 $515,000 3.0% $494,500 5.4% 5.4% GOLD COAST (LGA) ^ 133 $678,000 -1.3% $657,250 4.3% -0.4% ARUNDEL 40 $475,000 5.0% $469,000 -1.8% 0.9% ASHMORE ~ 33 $465,000 -8.1% $469,500 9.2% 2.1% BENOWA 36 $725,500 7.6% $705,000 10.8% 3.7% BIGGERA WATERS ~ 8 N/A N/A $550,000 14.6% 2.4% BONOGIN ^ ~ 12 $590,000 12.4% $570,000 -1.0% -6.9% BROADBEACH WATERS ~ 43 $851,500 4.5% $802,500 12.9% -0.9% BUNDALL 21 $765,000 4.1% $768,500 8.2% -6.1% BURLEIGH HEADS ~ 18 $637,500 13.3% $580,000 11.5% 10.3% BURLEIGH WATERS 40 $622,000 8.2% $580,000 9.4% 5.9% CARRARA 29 $485,000 1.2% $450,500 3.6% 4.3% CLEAR ISLAND WATERS ~ f 14 $800,000 -11.6% $796,500 8.0% 2.8% COOMBABAH 21 $390,000 -0.3% $389,500 -3.8% -2.6% COOMERA ~ 17 $370,000 -9.5% $358,000 1.6% -11.3% CURRUMBIN ~ f 6 N/A N/A $750,000 33.3% N/A CURRUMBIN VALLEY ^ 2 N/A N/A $770,000 0.0% 5.5% CURRUMBIN WATERS 24 $505,000 -3.8% $500,000 4.2% 5.3% ELANORA 37 $529,000 -1.1% $510,000 7.4% 6.3% HELENSVALE 60 $481,000 -0.6% $475,000 3.4% 2.4% HELENSVALE ^ ~ 5 N/A N/A $760,000 -2.9% -12.1% HIGHLAND PARK ~ 12 $400,500 -11.5% $410,000 3.0% 2.5% HOLLYWELL ~ 9 N/A N/A $566,000 14.9% 9.4% HOPE ISLAND ~ f 30 $583,500 21.1% $522,000 11.7% -1.5% JACOBS WELL 5 N/A N/A $404,750 9.4% 6.3% LABRADOR 21 $440,000 -1.1% $420,000 9.1% 1.9% MAUDSLAND 9 N/A N/A $450,000 5.4% 7.1% MAUDSLAND ^ 4 N/A N/A $671,250 -0.2% -5.5% MERMAID BEACH ~ f 6 N/A N/A $885,000 4.1% -18.1% MERMAID WATERS 32 $660,000 3.1% $655,000 7.4% 5.6% MERRIMAC 10 $425,000 1.1% $417,500 9.9% 1.8% MIAMI ~ 11 $580,000 11.8% $575,000 16.3% 15.0% MOLENDINAR 23 $545,000 9.0% $500,000 8.7% 7.5% MUDGEERABA 25 $483,250 2.0% $470,000 9.3% 8.7% MUDGEERABA ^ 11 $615,000 N/A $630,000 2.3% 1.6% NERANG 41 $365,000 -3.1% $365,000 6.1% -1.5% NERANG ^ 9 N/A N/A $717,750 2.5% 8.3% ORMEAU 42 $419,250 -0.9% $410,000 1.2% -2.6% ORMEAU ^ 5 N/A N/A $637,500 -0.4% 6.3% ORMEAU HILLS 10 $432,000 N/A $449,500 0.6% N/A OXENFORD 32 $407,500 -4.1% $433,750 6.2% 3.3% PACIFIC PINES 45 $447,500 -1.5% $452,500 0.6% 1.0% PALM BEACH ~ 40 $611,250 11.6% $540,000 7.1% 4.3% PARADISE POINT ~ f 30 $750,000 -7.4% $790,000 -4.8% -8.7% PARKWOOD ~ 21 $473,500 -10.7% $465,000 3.3% 1.1% PIMPAMA 5 N/A N/A $390,000 6.8% N/A REEDY CREEK 16 $610,500 0.2% $611,000 -0.7% -1.1% ROBINA ~ 62 $559,000 11.8% $535,000 5.2% 4.1% RUNAWAY BAY 22 $638,750 -2.5% $760,000 7.0% -6.2% SOUTHPORT 43 $460,000 4.0% $440,000 5.8% -2.2% SURFERS PARADISE 24 $1,118,750 1.7% $1,150,000 4.5% -8.0% TALLAI ^ 8 N/A N/A $720,000 2.9% 6.7% TALLEBUDGERA ^ ~ 18 $672,500 -20.2% $675,000 3.8% -8.2% TALLEBUDGERA VALLEY ^ 5 N/A N/A $725,000 N/A N/A TUGUN ~ 15 $512,500 4.3% $495,000 12.6% 9.6% UPPER COOMERA 81 $407,000 -4.2% $398,000 4.7% -1.7% UPPER COOMERA ^ 7 N/A N/A $637,000 N/A N/A VARSITY LAKES 29 $463,500 -3.4% $470,000 0.0% 3.8% WILLOW VALE ^ 2 N/A N/A $825,000 9.6% N/A WORONGARY 9 N/A N/A $405,000 8.0% 6.7% WORONGARY ^ 3 N/A N/A $627,500 8.2% 8.2% YATALA ^ 6 N/A N/A $621,750 N/A N/A SURROUNDS SCENIC RIM (LGA) 49 $355,000 -2.1% $350,000 2.9% 2.9% SCENIC RIM (LGA) ^ 55 $476,000 -0.8% $460,000 3.6% 4.0% BEAUDESERT 16 $310,000 -3.1% $310,000 -1.6% 0.0% BOONAH 1 N/A N/A $283,500 3.1% -0.5% KOORALBYN ^ 3 N/A N/A $315,000 1.2% 0.0% TAMBORINE ^ ~ 15 $492,500 -15.5% $515,000 8.9% 8.7% TAMBORINE MOUNTAIN 19 $417,500 -0.6% $417,500 6.4% -7.2% TAMBORINE MOUNTAIN ^ ~ 7 N/A N/A $602,500 -10.5% -2.8% GOLD COAST (LGA) 1,595 $350,000 0.0% $352,000 3.5% -2.2% ARUNDEL 12 $295,000 N/A $300,000 0.0% -3.2% ASHMORE 22 $280,000 -4.7% $275,000 7.8% -7.1% BENOWA - 6 N/A N/A $370,000 -1.3% 15.6% BIGGERA WATERS * f 58 $325,000 2.8% $376,000 14.3% 10.6% BILINGA ~ 8 N/A N/A $415,000 21.5% -21.7% BROADBEACH ~ f 63 $450,000 18.4% $420,000 -10.6% -6.7% BROADBEACH WATERS 6 N/A N/A $370,000 5.7% -7.5% BUNDALL 5 N/A N/A $325,500 0.9% 1.7% BURLEIGH HEADS 68 $405,000 3.6% $378,250 5.1% -4.5% BURLEIGH WATERS 38 $320,000 -5.2% $330,000 4.8% -8.3% CARRARA - ~ 35 $338,750 -9.4% $394,950 -1.3% 3.0% CLEAR ISLAND WATERS - 11 $431,500 N/A $439,750 4.7% 17.3% COOLANGATTA ~ f 55 $366,000 -8.5% $375,000 -3.8% -15.1% COOMBABAH 39 $310,000 -3.1% $300,000 0.0% -3.2% COOMERA - t * 6 N/A N/A $240,250 -14.2% -18.6% CURRUMBIN 8 N/A N/A $391,500 1.0% -6.8% CURRUMBIN WATERS ~ f 14 $302,500 -11.9% $300,000 4.9% -6.1% ELANORA 18 $297,500 -2.1% $295,000 3.5% -4.8% HELENSVALE - ~ t 24 $329,500 -7.6% $311,250 22.1% 3.8% HIGHLAND PARK 6 N/A N/A $247,000 N/A -13.3% HOPE ISLAND - 23 $420,000 7.3% $365,000 9.4% 8.1% LABRADOR ~ 67 $317,000 -1.7% $320,000 12.6% 3.2% MAIN BEACH ~ f 41 $530,000 -19.4% $555,000 -2.6% -10.8% MERMAID BEACH f 34 $405,000 38.7% $350,000 12.9% -2.0% MERMAID WATERS ~ f 31 $316,500 20.5% $300,000 2.6% -4.8% MERRIMAC ~ 16 $284,000 1.4% $355,000 18.3% 12.7% MIAMI 26 $365,000 5.8% $340,500 0.1% -5.4% MUDGEERABA ~ t 17 $328,000 16.7% $315,000 -11.3% -6.0% NERANG 41 $256,000 0.4% $271,000 5.9% -4.9% ORMEAU 7 N/A N/A $324,500 6.4% -7.6% OXENFORD ~ t 16 $292,500 10.2% $270,000 10.9% -3.6% PACIFIC PINES ~ t 32 $365,000 14.1% $367,500 5.6% 0.7% PALM BEACH 59 $355,000 -5.3% $350,000 8.2% 0.0% PARADISE POINT ~ f 15 $450,000 -17.4% $510,000 -11.7% 20.0% PIMPAMA - ~ t 12 $342,000 N/A $366,400 -5.9% N/A REEDY CREEK ~ 14 $305,000 -3.6% $299,000 16.8% 0.3% ROBINA 33 $380,500 -4.3% $400,000 -2.4% -7.0% RUNAWAY BAY ~ f 21 $395,000 -9.2% $420,000 -2.9% -1.2% SOUTHPORT ~ f 114 $297,750 -12.4% $329,500 9.8% -9.7% SURFERS PARADISE 226 $348,000 5.5% $350,500 1.6% -5.3% TUGUN 25 $377,500 5.4% $375,000 7.1% -12.0% UPPER COOMERA - 15 $305,000 0.0% $295,000 3.5% -13.2% VARSITY LAKES 42 $370,000 -5.1% $375,000 4.4% -3.9% SURROUNDS SCENIC RIM (LGA) ~ t 7 N/A N/A $260,000 N/A 30.0% Local agents report the 2018 Commonwealth Games is driving renewed interest in the market from local, interstate and overseas investors
  • 18. <$250,000 (p) Preliminary. See Source: REIQ, data provided 1 (p) Preliminary. Source: REIQ, data $REGIONAL MARKET UPDATES GOLD COAST LAND SALES (p) MAR 14 JUN 14 SUNSHINE COAST & NOOSA LAND SALES (p) SALES MARKET - VACANT LAND MAR 14 JUN 14 SUBURB NUMBER OF SALES JUN-14 MEDIAN SALE JUN-14 18 QUEENSLAND MARKET MONITOR 3 <$250,000 $250,000+ $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 235 GOLD COAST UNIT SALES (p) BUNDABERG LAND SALES (p) MAR 14 JUN 14 447 MAR 14 JUN 14 391 241 46 273 520 451 290 36 <$250,000 $250,000+ $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 79 GLADSTONE LAND SALES (p) SUNSHINE COAST & NOOSA UNIT SALES (p) MAR 14 JUN 14 181 MAR 14 JUN 14 164 109 23 105 197 177 105 27 <$250,000 $250,000+ $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. (p) Preliminary. Source: REIQ, data (p) Preliminary. Source: REIQ, data 18 5 250,000+ $350,000+ $500,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 64 26 5 6 88 33 8 16 <$250,000 $250,000+ $350,000+ $500,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 50 QTRLY CHANGE MEDIAN SALE 12MTHS JUN-14 20 15 10 71 35 21 CHANGE 10 1YR <$250,000 $250,000+ $350,000+ $500,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 30 1 1 40 1 0 <$250,000 $250,000+ $350,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 62 0 0 <$250,000 $250,000+ $350,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 14 1 0 16 0 1 <$250,000 $250,000+ $350,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. <$250,000 (p) Preliminary. See Source: REIQ, data provided 44 <$250,000 (p) Preliminary. See explanatory Source: REIQ, data provided RENTAL MARKET - 2 BED UNITS POST JUN-14 JUN-13 5YR CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS CHANGE RENTAL MARKET - 3 BED HOUSES RENTAL MARKET - 3 BED TOWNHOUSES POST JUN-14 JUN-13 CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS GOLD COAST CITY $430 960 $420 1,005 4208 BURNSIDE $390 26 $370 30 4209 COOMERA $380 97 $365 73 4210 OXENFORD $390 18 $390 27 4211 ADVANCETOWN $400 106 $385 124 4212 HELENSVALE $440 62 $435 45 4213 BONOGIN $430 55 $430 37 4214 ARUNDEL $420 82 $400 87 4215 LABRADOR $400 112 $385 105 4216 PARADISE POINT $410 64 $390 77 4217 BENOWA $560 28 $575 52 4218 BROADBEACH $520 41 $500 83 4220 BURLEIGH HEADS $485 52 $465 52 4221 ELANORA $480 47 $440 46 4223 CURRUMBIN $465 29 $410 19 4224 TUGUN $430 13 $440 14 4225 BILINGA $440 6 $400 12 4226 CLEAR ISLAND WATERS $450 79 $450 76 4227 REEDY CREEK $440 39 $430 41 SCENIC RIM REGIONAL $340 114 $300 112 4270 TAMBORINE $380 6 $370 8 4271 EAGLE HEIGHTS $380 9 $350 9 4272 MOUNT TAMBORINE $385 19 $360 9 4275 BENOBBLE $360 8 $390 10 4285 ALLENVIEW $310 46 $300 45 4307 COLEYVILLE $240 5 N.A. 3 4309 ARATULA $265 5 $265 9 4310 ALLANDALE $260 13 $250 17 GOLD COAST CITY $360 2,408 $350 2,487 4209 COOMERA $310 11 $300 11 4210 OXENFORD $300 14 $290 22 4211 ADVANCETOWN $365 46 $310 35 4212 HELENSVALE $420 48 $390 44 4214 ARUNDEL $325 26 $290 28 4215 LABRADOR $350 475 $340 513 4216 PARADISE POINT $350 198 $330 174 4217 BENOWA $395 574 $380 567 4218 BROADBEACH $365 340 $360 375 4220 BURLEIGH HEADS $370 185 $360 194 4221 ELANORA $310 137 $310 139 4223 CURRUMBIN $365 36 $350 46 4224 TUGUN $330 44 $310 40 4225 BILINGA $330 105 $325 125 4226 CLEAR ISLAND WATERS $400 53 $385 46 4227 REEDY CREEK $336 111 $350 121 SCENIC RIM REGIONAL $220 37 $216 37 4285 ALLENVIEW $210 30 $200 28 GOLD COAST CITY $380 1,089 $375 1,181 4208 BURNSIDE $370 13 $370 14 4209 COOMERA $350 137 $340 174 4210 OXENFORD $350 19 $350 15 4211 ADVANCETOWN $370 175 $360 215 4212 HELENSVALE $435 52 $420 38 4213 BONOGIN $370 29 $350 39 4214 ARUNDEL $380 49 $360 43 4215 LABRADOR $380 128 $385 120 4216 PARADISE POINT $400 99 $355 102 4217 BENOWA $480 49 $450 54 4218 BROADBEACH $420 26 $390 25 4220 BURLEIGH HEADS $380 33 $365 38 4221 ELANORA $390 17 $380 34 4223 CURRUMBIN $370 16 $365 17 4224 TUGUN $430 20 $430 29 4226 CLEAR ISLAND WATERS $435 142 $430 142 4227 REEDY CREEK $410 79 $400 75 SCENIC RIM REGIONAL $310 10 N.A. 4 4285 ALLENVIEW $310 10 N.A. 4 GOLD COAST (LGA) 145 $235,000 1.7% $230,000 1.3% -1.7% GOLD COAST (LGA) ^ ~ * 24 $315,000 N/A $356,750 1.9% -18.9% COOMERA * 26 $225,000 N/A $222,000 N/A -7.5% GILSTON * 9 N/A N/A $250,000 5.0% 14.2% HELENSVALE 6 N/A N/A $485,000 N/A N/A ORMEAU 6 N/A N/A $220,000 -2.2% 1.9% ORMEAU HILLS 5 N/A N/A $217,000 5.3% N/A PIMPAMA * 27 $218,500 0.9% $218,750 -4.4% -8.9% REEDY CREEK * 11 $320,000 N/A $318,495 N/A 8.1% UPPER COOMERA * 19 $237,500 3.5% $229,500 4.1% -0.2% WILLOW VALE * 2 N/A N/A $195,000 N/A N/A SURROUNDS SCENIC RIM (LGA) 13 N/A N/A $177,250 -1.3% -4.2% SCENIC RIM (LGA) ^ ~ 10 $198,500 -15.5% $204,000 14.6% 20.0% KOORALBYN ^ 3 N/A N/A $99,500 N/A -9.5%
  • 19. TOOWOOMBA LAND SALES (p) MAR 14 JUN 14 FRASER COAST LAND SALES (p) MAR 14 JUN 14 BUNDABERG LAND SALES (p) MAR 14 JUN 14 GLADSTONE LAND SALES (p) MAR 14 JUN 14 (p) Preliminary. Source: (p) Preliminary. Source: REIQ, 42 19 REGIONAL MARKET UPDATES UNIT MARKET Preliminary data shows sales activity in Toowoomba’s unit and townhouse market increased by three per cent over the June quarter. Local agents report a Toowoomba Regional Council incentive in 2013 to halve application fees for strata titled units has resulted in hundreds of new apartments being built and sold. Unit sales up to $350,000 remained steady, with higher prices units and townhouses recorded solid increases in sales. Demand, prices and sales activity are expected to remain firm throughout the Spring selling period and heading into 2015. RENTAL MARKET Toowoomba’s rental market remained very tight at the end of June, recording a vacancy rate of 1.5 per cent. This was up marginally from the end of March, but the thriving regional city’s vacancy rate has not gone above the two per cent mark since December 2011. Local agents report a steady demand for well maintained and presented properties. They also report that landlords are taking the opportunity to increase rental returns to reflect the higher market value of their properties. Strong interstate investment continues to add to the supply of rental stock, which is being absorbed by a growing workforce as the city undergoes a new wave of economic development ROCKHAMPTON & LIVINGSTONE HOUSE SALES (p) 36 14 MACKAY HOUSE SALES (p) JUNE QUARTER 2014 TOOWOOMBA Toowoomba continues to be one of Queensland’s strongest performing real estate regions, with median sale prices rising by more than 20 per cent over the last five years. This trajectory of growth continued in the June quarter amid rising sales volumes and higher house prices. The Toowoomba economy is performing strongly, with its agricultural and resource sectors going from strength to strength. New infrastructure projects including the recently opened Wellcamp Airport and proposed Second Range Crossing are also generating economic development and jobs, which is driving growth in the housing sector. Local agents are optimistic these trends will persist into the Spring before continuing in 2015. HOUSE MARKET Preliminary house sales figures show a five per cent rise in Toowoomba in the June quarter, with acreage properties also recording a strong increase of nine per cent. Toowoomba’s median house price was up 3.4 per cent in the June quarter to $336,000. East Toowoomba, South Toowoomba and Wilsonton all recorded double digit sales growth in the June quarter, with Rangeville and Toowoomba City also recording sales increases. In the wider Toowoomba region Oakey and Highfields also saw an increase in sales in the June quarter. Local agents report the housing market performed well in all price brackets, with stock remaining tight and demand solid. Sale volumes have increased across most areas of the market with the medium price of houses increasing by 7.5 per cent in the year to June 2014. Preliminary data shows a strong increase in the $350,000 to $500,000 price bracket. Prestige house sales above $500,000 also increase by more than 50 per cent in the June quarter, with 60 properties changing hands. Agents are reporting increased competition for new listings from both listing agents and buyers alike. Average vendor discounting in Toowoomba is down to 4.6 per cent, compared to 7.3 per cent in June 2013, and continues to be the lowest across all major regions. 235 44 SUNSHINE COAST & NOOSA LAND SALES (p) 159 BRISBANE CITY LAND SALES (p) MAR 14 JUN 14 BRISBANE SURROUNDS LAND SALES (p) Includes IPSWICH, LOGAN, MORETON BAY & REDLAND MAR 14 JUN 14 GOLD COAST LAND SALES (p) MAR 14 JUN 14 MAR 14 JUN 14 BRISBANE CITY UNIT SALES (p) 330 MAR 14 JUN 14 651 363 860 454 FRASER COAST HOUSE SALES (p) BRISBANE SURROUNDS UNIT SALES (p) INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND 185 MAR 14 JUN 14 MAR 14 JUN 14 114 144 78 30 153 68 20 MAR 14 JUN 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 288 163 39 294 184 60 TOOWOOMBA HOUSE SALES (p) MAR 14 JUN 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 371 57 30 45 <$250,000 $250,000+ $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. MAR 14 JUN 14 260 21 FRASER COAST UNIT SALES (p) MAR 14 JUN 14 2 43 36 18 7 TOOWOOMBA UNIT SALES (p) MAR 14 JUN 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 13 59 38 9 43 40 40 31 <$250,000 $250,000+ $350,000+ $500,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 53 21 5 71 36 3 $250,000+ $350,000+ $500,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 64 26 5 6 88 33 8 16 <$250,000 $250,000+ $350,000+ $500,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 50 20 15 10 71 35 21 10 <$250,000 $250,000+ $350,000+ $500,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 30 1 1 40 1 0 <$250,000 $250,000+ $350,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. (p) Preliminary. Source: 42 1 2 57 0 0 <$250,000 $250,000+ $350,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 14 1 0 16 0 1 <$250,000 $250,000+ $350,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. (p) Preliminary. Source: 36 7 0 24 2 2 <$250,000 $250,000+ $350,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. (p) Preliminary. Source:
  • 20. REGIONAL MARKET UPDATES SALES MARKET - UNITS & TOWNHOUSES 20 QUEENSLAND MARKET MONITOR SALES MARKET - VACANT LAND SUBURB NUMBER OF SALES JUN-14 MEDIAN SALE JUN-14 RENTAL MARKET - 2 BED UNITS QTRLY CHANGE RENTAL MARKET - 3 BED TOWNHOUSES MEDIAN SALE 12MTHS JUN-14 1YR CHANGE 5YR CHANGE SALES MARKET - HOUSES SUBURB NUMBER OF SALES JUN-14 MEDIAN SALE JUN-14 QTRLY CHANGE MEDIAN SALE 12MTHS JUN-14 1YR CHANGE 5YR CHANGE RENTAL MARKET - 3 BED HOUSES POST JUN-14 JUN-13 CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS TOOWOOMBA (LGA) 550 $336,000 3.4% $330,000 10.0% 23.6% TOOWOOMBA (LGA) ^ ~ 111 $475,000 -8.7% $478,000 8.9% 24.8% CABARLAH ^ 4 N/A N/A $520,000 N/A N/A CENTENARY HEIGHTS 37 $342,500 1.6% $343,000 7.2% 23.6% COTSWOLD HILLS ^ 5 N/A N/A $545,000 3.8% N/A CROWS NEST ~ 6 N/A N/A $246,000 -3.5% 20.0% DARLING HEIGHTS 21 $342,000 5.6% $335,000 8.1% 21.8% EAST TOOWOOMBA ~ 39 $437,000 5.3% $410,000 13.1% 24.4% GLENVALE 14 $366,500 8.1% $343,500 2.5% 18.3% GLENVALE ^ 5 N/A N/A $495,000 -6.9% 8.8% GOWRIE JUNCTION ^ ~ 5 N/A N/A $410,000 N/A 33.6% HARLAXTON ~ 11 $255,000 -12.1% $255,000 2.0% 13.2% HARRISTOWN 38 $298,500 -0.2% $299,100 10.8% 23.0% HIGHFIELDS 11 $435,000 N/A $453,000 2.5% 13.3% HIGHFIELDS ^ ~ * 27 $535,000 7.5% $519,500 13.1% 27.6% KEARNEYS SPRING ~ * 21 $412,500 19.6% $357,000 8.3% 23.1% KINGSTHORPE ~ * 5 N/A N/A $297,000 20.7% 18.8% KLEINTON 12 $518,500 N/A $480,000 12.9% N/A MERINGANDAN WEST 5 N/A N/A $380,000 10.1% N/A MERINGANDAN WEST ^ 3 N/A N/A $309,000 -3.4% 1.6% MIDDLE RIDGE ^ 2 N/A N/A $740,000 12.5% N/A MIDDLE RIDGE ~ 24 $517,000 14.0% $466,500 3.7% 18.1% MILLMERRAN 6 N/A N/A $196,000 N/A N/A MOUNT LOFTY ~ 17 $424,000 2.3% $388,500 15.6% 19.5% NEWTOWN 46 $290,500 -3.0% $285,000 11.7% 21.3% NORTH TOOWOOMBA ~ 17 $326,000 2.2% $297,000 10.8% 29.1% OAKEY * 16 $216,500 5.2% $220,400 14.2% 10.2% PITTSWORTH ~ 11 $320,000 24.3% $275,000 0.0% 8.5% RANGEVILLE 37 $400,000 6.0% $385,000 1.1% 10.5% ROCKVILLE 15 $305,000 3.4% $273,750 11.7% 17.1% SOUTH TOOWOOMBA ~ 32 $310,000 3.3% $312,550 12.9% 26.0% TOOWOOMBA CITY ~ 15 $310,000 -4.2% $317,500 13.4% 18.5% WESTBROOK 17 $434,000 0.9% $431,000 5.4% 17.4% WILSONTON 28 $332,000 2.2% $304,000 8.8% 24.1% WILSONTON HEIGHTS 13 $280,000 -0.9% $280,000 7.8% 24.4% WYREEMA 7 N/A N/A $299,250 N/A 8.8% SURROUNDS GOONDIWINDI (LGA) ~ 20 $225,000 -13.1% $228,000 6.0% -3.6% GOONDIWINDI ~ 15 $242,000 -35.5% $270,000 0.7% 5.9% SOUTHERN DOWNS (LGA) ~ 51 $252,000 -3.1% $250,000 11.1% 10.1% SOUTHERN DOWNS (LGA) ^ 26 $305,000 -3.2% $325,000 8.3% 6.6% ROSENTHAL HEIGHTS 3 N/A N/A $303,000 N/A N/A STANTHORPE 7 N/A N/A $240,500 4.1% 10.3% WARWICK 33 $254,500 -7.5% $257,000 8.2% 9.4% WARWICK ^ 1 N/A N/A $275,000 N/A N/A WESTERN DOWNS (LGA) ~ 37 $227,000 -15.9% $290,000 -2.8% 20.8% WESTERN DOWNS (LGA) ^ ~ 23 $337,500 9.0% $400,000 3.4% 29.7% CHINCHILLA ~ Y 6 N/A N/A $350,000 -9.1% 40.0% DALBY ^ 11 $415,000 N/A $435,000 -3.3% 12.1% DALBY ~ 24 $234,500 -12.2% $265,000 6.0% 6.0% TOOWOOMBA (LGA) * 104 $272,250 0.8% $275,000 8.7% 22.2% CENTENARY HEIGHTS 9 N/A N/A $322,548 2.2% N/A EAST TOOWOOMBA ~ 11 $215,000 -11.5% $240,000 -2.4% 13.7% HARRISTOWN ~ t 9 N/A N/A $245,500 27.2% 12.6% KEARNEYS SPRING 14 $268,500 -4.6% $285,000 5.6% 18.3% NEWTOWN 17 $251,000 N/A $239,500 1.1% 10.1% RANGEVILLE 3 N/A N/A $322,000 10.0% 18.4% SOUTH TOOWOOMBA * t 9 N/A N/A $289,500 25.7% N/A TOOWOOMBA CITY * 6 N/A N/A $260,000 N/A 33.3% WILSONTON 6 N/A N/A $244,000 -5.4% 5.4% SURROUNDS WESTERN DOWNS (LGA) 1 N/A N/A $385,000 10.8% N/A CHINCHILLA - N/A N/A $380,227 6.5% N/A TOOWOOMBA (LGA) * 28 $160,834 -6.5% $154,000 -3.4% 40.0% TOOWOOMBA (LGA) ^ * 28 $180,000 -5.3% $177,250 18.2% 19.0% GLENVALE * - N/A N/A $170,000 6.3% 49.1% GOWRIE JUNCTION ^ ~ 3 N/A N/A $173,000 16.9% N/A HIGHFIELDS ^ * 7 N/A N/A $200,000 N/A 33.3% HODGSON VALE ^ 3 N/A N/A $185,000 N/A N/A KLEINTON * 7 N/A N/A $152,000 -4.4% N/A WESTBROOK * - N/A N/A $154,000 1.3% 55.6% SURROUNDS SOUTHERN DOWNS (LGA) 11 N/A N/A $79,000 4.8% -7.1% WESTERN DOWNS (LGA) * 4 N/A N/A $150,000 -1.3% 53.1% WESTERN DOWNS (LGA) ^ ~ 9 N/A N/A $135,000 12.5% 42.1% CHINCHILLA * 1 N/A N/A $150,000 3.4% 59.6% DALBY ^ 4 N/A N/A $120,000 4.3% 14.3% TOOWOOMBA REGIONAL $300 588 $295 589 4350 KEARNEYS SPRING $310 451 $300 452 4352 AMIENS $340 18 $300 20 4355 ANDURAMBA $250 16 $240 11 4356 PITTSWORTH $270 14 $295 11 4357 BRINGALILY $240 6 $245 10 4359 ASCOT $300 9 N.A. 2 4361 BACK PLAINS $230 14 $240 10 4363 SOUTHBROOK $250 5 N.A. 1 4400 KINGSTHORPE $290 6 $260 9 4401 ACLAND $270 38 $255 41 4614 NEUMGNA $220 5 $220 9 GOONDIWINDI REGIONAL $290 43 $280 39 4387 BRUSH CREEK $230 5 N.A. 1 4390 BILLA BILLA $290 33 $285 31 SOUTHERN DOWNS REGIONAL $250 147 $240 148 4362 ALLORA $265 8 N.A. 2 4370 ALLAN $250 94 $250 86 4380 AMIENS $240 31 $230 44 WESTERN DOWNS REGIONAL $300 141 $350 187 4405 BLAXLAND $290 74 $300 85 4413 BAKING BOARD $380 43 $450 54 4415 MILES $350 6 $500 18 4421 GORANBA $280 5 $210 9 TOOWOOMBA REGIONAL $250 314 $230 316 4350 KEARNEYS SPRING $250 296 $230 298 4352 AMIENS $258 6 N.A. 2 GOONDIWINDI REGIONAL $200 34 $190 35 4390 BILLA BILLA $200 34 $190 34 SOUTHERN DOWNS REGIONAL $200 55 $200 54 4370 ALLAN $199 41 $200 36 4380 AMIENS $200 13 $165 14 WESTERN DOWNS REGIONAL $250 57 $245 58 4405 BLAXLAND $220 22 $230 31 4413 BAKING BOARD $320 25 $400 19 TOOWOOMBA REGIONAL $320 14 $295 25 4350 KEARNEYS SPRING $320 14 $295 24