REIQ Queensland Market Monitor Issue 23: June Quarter 2014.
This issue provides a Queensland State-Wide Commentary:
- SEQ Home Market Takes the Lead.
- Brisbane Market Updates
- Queensland Regional Market Updates.
- On the Market Indicators.
- Rental Market Indicators.
Plus more state-wide property research proudly brought to you by REIQ and National Property Buyers.
http://www.nationalpropertybuyers.com.au
Queensland's residential property markets are showing signs of recovery, with strong sales activity in southeast Queensland and many tourism centers. However, the mining regions are experiencing slower sales. House markets are strengthening across most areas except mining regions. Unit markets are also improving overall but lag behind houses. Rental vacancy rates decreased in most areas over the past quarter as demand increased, though mining regions still have high vacancies.
The housing market in Westchester and the Hudson Valley surged forward in the third quarter of 2015, with sales up dramatically throughout the region. More importantly, several counties showed signs of "green shoots" of meaningful price appreciation, reflecting the impact from the sustained increases in buyer demand that we've seen over the past few years.
The numbers of house sales across Queensland peaked in the last quarter of 2013, with nearly 10,000 sales. This was the highest quarterly sales volume in several years and occurred without stimulus measures. The improving housing market and growing consumer confidence contributed to the increased sales. Median house prices also increased over the quarter in most regions of Queensland, with Brisbane prices up 6%, reflecting a jump in sales of properties between $500,000-$1 million.
- In November 2019, real estate activity in the Fraser Valley saw 1,405 total property sales, an increase of 36.7% from November 2018 but a decrease of 11.7% from October 2019.
- Demand was unusually high for the end of the year while inventory levels declined, with the supply of townhomes and condos not keeping up with buyer demand.
- Benchmark home prices decreased year-over-year but price declines were moderating, with the combined residential benchmark price down only 3% in November compared to 6% earlier in the summer.
- Home sales in the Fraser Valley increased significantly in October 2019 compared to both September 2019 and October 2018, with sales up 18.5% and 37.8% respectively.
- While new listings decreased compared to the previous year and month, overall active listings also declined, down 4.5% and 6.9%.
- Benchmark home prices were mixed, with detached homes up slightly but townhouses and apartments down slightly to moderately compared to the previous year.
The 347 reported sales of single family homes and condominiums is the highest total ever for the month of January, eclipsing the previous record of 345 set in 2006!
There is only 2.16 months of available inventory for buyers to select from. Generally, 6 months of active inventory is considered to be a balanced market between buyers and sellers!
Metro Vancouver Statistics Report October 2021VickyAulakh1
This document provides real estate market statistics for Metro Vancouver over multiple time periods. It includes data on total active listings, sales, average days on market, and benchmark home prices for detached properties, townhomes, and condos. The statistics show year-over-year declines in active listings and increases in benchmark home prices across all property types from 2020 to 2021. Sales increased for townhomes but declined for detached properties and condos over the same period.
The document provides housing market statistics for the Fraser Valley region of British Columbia for the month of May 2020. It reported that home sales increased 17% from April 2020 while new listings rose 56%. The average prices of detached homes rose 2.7% year-over-year while townhomes rose 1.8% and apartments 1%.
Queensland's residential property markets are showing signs of recovery, with strong sales activity in southeast Queensland and many tourism centers. However, the mining regions are experiencing slower sales. House markets are strengthening across most areas except mining regions. Unit markets are also improving overall but lag behind houses. Rental vacancy rates decreased in most areas over the past quarter as demand increased, though mining regions still have high vacancies.
The housing market in Westchester and the Hudson Valley surged forward in the third quarter of 2015, with sales up dramatically throughout the region. More importantly, several counties showed signs of "green shoots" of meaningful price appreciation, reflecting the impact from the sustained increases in buyer demand that we've seen over the past few years.
The numbers of house sales across Queensland peaked in the last quarter of 2013, with nearly 10,000 sales. This was the highest quarterly sales volume in several years and occurred without stimulus measures. The improving housing market and growing consumer confidence contributed to the increased sales. Median house prices also increased over the quarter in most regions of Queensland, with Brisbane prices up 6%, reflecting a jump in sales of properties between $500,000-$1 million.
- In November 2019, real estate activity in the Fraser Valley saw 1,405 total property sales, an increase of 36.7% from November 2018 but a decrease of 11.7% from October 2019.
- Demand was unusually high for the end of the year while inventory levels declined, with the supply of townhomes and condos not keeping up with buyer demand.
- Benchmark home prices decreased year-over-year but price declines were moderating, with the combined residential benchmark price down only 3% in November compared to 6% earlier in the summer.
- Home sales in the Fraser Valley increased significantly in October 2019 compared to both September 2019 and October 2018, with sales up 18.5% and 37.8% respectively.
- While new listings decreased compared to the previous year and month, overall active listings also declined, down 4.5% and 6.9%.
- Benchmark home prices were mixed, with detached homes up slightly but townhouses and apartments down slightly to moderately compared to the previous year.
The 347 reported sales of single family homes and condominiums is the highest total ever for the month of January, eclipsing the previous record of 345 set in 2006!
There is only 2.16 months of available inventory for buyers to select from. Generally, 6 months of active inventory is considered to be a balanced market between buyers and sellers!
Metro Vancouver Statistics Report October 2021VickyAulakh1
This document provides real estate market statistics for Metro Vancouver over multiple time periods. It includes data on total active listings, sales, average days on market, and benchmark home prices for detached properties, townhomes, and condos. The statistics show year-over-year declines in active listings and increases in benchmark home prices across all property types from 2020 to 2021. Sales increased for townhomes but declined for detached properties and condos over the same period.
The document provides housing market statistics for the Fraser Valley region of British Columbia for the month of May 2020. It reported that home sales increased 17% from April 2020 while new listings rose 56%. The average prices of detached homes rose 2.7% year-over-year while townhomes rose 1.8% and apartments 1%.
- Home sales in the Fraser Valley rebounded in July, increasing 11.6% compared to June 2019. New listings decreased slightly.
- The benchmark prices for single family detached homes and townhomes decreased compared to last year, while prices for apartments remained unchanged.
- REALTORS saw more activity at open houses in July and an increase in first-time home buyers, indicating improved consumer confidence in the market.
Record Homes Sales Again for July 2015! As was the case in June, Dane County home sales in July reached an all-time high for the month. Year-to-date sales are also setting a record pace – exceeding the previous high recorded in 2005. New listings are keeping pace with recent years yet the active inventory continues to fall. This year has been positive as well for the primary market* served by the SCWMLS. Last month we stated that demand is expected to remain high for the second half of the year and nothing has happened to change our mind. As a result, inventories will remain low – below the 6 month figure generally considered to be the market balance between buyers and sellers. Prices (and interest rates) will likely continue to rise. For both buyers and sellers, strategic advice and knowledge of the market from your real estate professional will be valuable assets.
Fraser Valley Real Estate Board Statistics Package Jan 2021Vicky Aulakh
The Fraser Valley real estate market saw record-breaking home sales in January 2021, with 1,718 total sales representing a 76% increase from January 2020. While new listings rose 26% year-over-year, total active inventory was still down 18% from January 2020. The average number of days to sell a single-family detached home dropped to 35 days compared to 60 days in January 2020.
The document provides an analysis of the Queensland property market for the September quarter of 2009. It finds that property prices across the state have returned to pre-financial crisis levels, with the median house price in Brisbane up 3.1% and unit/townhouse prices also increasing solidly. First home buyer activity decreased from its peak but still represents about 23% of the market. Rental vacancy rates have eased due to many renters becoming homeowners. The recovery is expected to continue into better times for the Queensland property market.
Real Estate Board of Greater Vancouver Statistics Package - November 2021VickyAulakh1
Home sales in Metro Vancouver remained high in November 2021, up 11.9% from November 2020, while housing listings continued to decline sharply. The supply of homes remains well below long-term averages and demand from buyers is driving prices up across the region. The real estate market is expected to end the year near record sale levels due to the ongoing imbalance of strong demand and limited housing supply.
Despite positive job reports, low interest rates, strong consumer confidence ratings and even stronger buyer demand, sales of single family and condominium homes are being held back by a significant shortage of available supply.
Home Sellers: If you have a move in your future, give very serious consideration to doing it now! Buyers are ready, willing and able. Now is a most favorable time for you to be in the market.
Dec 2020 Fraser Valley Real Estate Board PackageVicky Aulakh
- In December 2020, real estate sales in the Fraser Valley set a new record with 2,086 sales, an increase of 81.2% over the typical December sales. New listings were also near record levels.
- Despite months of slowdown due to the pandemic, total annual sales in 2020 were 12.4% above the 10-year average, with 19,926 total sales for the year.
- Benchmark home prices in December increased compared to both the previous month and the previous year for detached homes, townhomes, and apartments.
The housing market in the Fraser Valley region of BC continued to stabilize in August 2019, with home sales increasing 12.3% compared to August 2018. Total home sales in August 2019 were 1,297, with sales of single-family detached homes up 18% and townhomes up 9.2% compared to the previous year. While active listings increased 9.6% year-over-year to 8,040, new property listings in August declined 8.5% compared to August 2018. Benchmark home prices decreased across property types compared to the previous year, with single-family detached prices down 5.4%, townhome prices down 4.9%, and apartment prices down 7.7%.
Fraser Valley Real Estate Board Statistics Package January 2020 Vicky Aulakh
- Home sales in the Fraser Valley region of BC were 6% above the 10-year average for January while new listings were 11% below average.
- 974 total property sales occurred in January, down 22% from December 2019 but up 24% from January 2019.
- Benchmark home prices increased slightly for detached homes, townhomes, and apartments compared to December 2019.
Year-to-date sales are ahead in 1/2 of the SCWMLS but slightly down in Dane County and in the Crawford/Richland/Vernon and the Grant/Iowa/Lafayette county markets.
The lean inventory of single family homes and condominiums in Dane County has created strong competition among buyers, especially in the price range under $300,000.
The good news for prospective home buyers is a strong economy, historically low interest rates, which help with affordability even in the face of rising prices, and a steady consumer confidence index. The equally good news for prospective home sellers is that there are buyers waiting for your home. Now is the time to contact your Realtor® professional.
Metro Vancouver Statistics September 2021 VickyAulakh1
The document provides real estate market statistics for detached properties, townhomes, and condos in Metro Vancouver for September 2021 compared to the previous year. Key figures include:
- Total active listings decreased across all property types compared to September 2020. Detached listings decreased 20.2%, townhomes 35.2%, and condos 32.1%.
- Sales decreased for detached properties 27.4% and townhomes 22.9% compared to the previous year, while condo sales increased slightly by 1.9%.
- The average days on market decreased for all property types compared to September 2020, with the largest decrease for detached properties at 17.5%.
- The MLS HPI
Metro Vancouver - Stats Centre Reports - August 2021Vicky Aulakh
This document provides real estate market data for Metro Vancouver, including detached homes, condos, and townhomes, for August 2021 compared to previous periods. Key figures shown include:
- Total active listings, sales, and average days on market decreased for detached homes and increased for condos and townhomes compared to July 2021.
- The MLS HPI benchmark price increased year-over-year for all property types, with the largest increase being 20.4% for detached homes.
- Sales-to-active ratios indicated a seller's market for townhomes, balanced market for condos, and buyer's market for detached homes.
- Sales and new listings in the Fraser Valley set records in August 2020, with 2,039 sales (up 57.2% year-over-year) and 3,309 new listings (up 40.4% year-over-year).
- The average prices of single-family homes, townhomes, and apartments all increased compared to August 2019, with benchmark prices up 6.9%, 3%, and 4% respectively.
- REB President Chris Shields noted the market remains competitive with multiple offers and shorter days on market, and consumers are seeking expert guidance from REALTORS.
- Home sales in the Fraser Valley increased 39% in February 2020 compared to January 2020 and 38% compared to February 2019, outpacing new listings which increased 15% month-over-month but decreased 15% year-over-year.
- Inventory levels remained below historical averages at 5,741 active listings as of the end of February, up 12% from January but down 10% from February 2019.
- Benchmark home prices in the region increased between 1-1.5% across detached homes, townhomes, and apartments compared to both the previous month and February 2019.
In June 2021, housing sales in the Fraser Valley region decreased 24% compared to May but increased 31% compared to June 2020. Total active housing inventory decreased 7% compared to May and 23% compared to June 2020, indicating a continued lack of housing supply. Benchmark home prices continued to increase across all housing types (single family detached, townhomes, apartments) compared to June 2020, with single family detached homes seeing the largest increase of 33.2%. The market showed signs of cooling from the extreme conditions seen in previous months but demand remains high.
- Home sales and new listings in Metro Vancouver surged in September 2020 to record levels. Sales were up 56.2% from September 2019 and listings were up 31.6%.
- The increased activity is attributed to lower interest rates and changing housing needs during the COVID-19 pandemic.
- While new listings are increasing, strong demand is keeping overall housing supply down, creating upward pressure on home prices which have been rising since the spring.
- Housing market activity in the Fraser Valley reached record levels in September, with home sales and new listings seeing the highest numbers ever recorded for the month.
- Sales increased 66.1% compared to September 2019 and 9.4% compared to August 2020, reaching 2,231 total sales. New listings also saw a record at 3,515, up 26.9% and 6.2% respectively.
- Demand has shifted towards single family detached homes, making up 47% of sales compared to 43% in the same period last year. Benchmark home prices also increased across all property types.
“Buyers are less active today. This is allowing the supply of homes for sale to accumulate to levels we haven’t seen in the last few years,” Phil Moore, REBGV president said. “Rising interest rates, high prices and more restrictive mortgage requirements are among the factors dampening home buyer activity today.”
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the
region totalled 1,929 in August 2018, a 36.6 per cent decrease from the 3,043 sales record
- Home sales in the Fraser Valley rebounded in July, increasing 11.6% compared to June 2019. New listings decreased slightly.
- The benchmark prices for single family detached homes and townhomes decreased compared to last year, while prices for apartments remained unchanged.
- REALTORS saw more activity at open houses in July and an increase in first-time home buyers, indicating improved consumer confidence in the market.
Record Homes Sales Again for July 2015! As was the case in June, Dane County home sales in July reached an all-time high for the month. Year-to-date sales are also setting a record pace – exceeding the previous high recorded in 2005. New listings are keeping pace with recent years yet the active inventory continues to fall. This year has been positive as well for the primary market* served by the SCWMLS. Last month we stated that demand is expected to remain high for the second half of the year and nothing has happened to change our mind. As a result, inventories will remain low – below the 6 month figure generally considered to be the market balance between buyers and sellers. Prices (and interest rates) will likely continue to rise. For both buyers and sellers, strategic advice and knowledge of the market from your real estate professional will be valuable assets.
Fraser Valley Real Estate Board Statistics Package Jan 2021Vicky Aulakh
The Fraser Valley real estate market saw record-breaking home sales in January 2021, with 1,718 total sales representing a 76% increase from January 2020. While new listings rose 26% year-over-year, total active inventory was still down 18% from January 2020. The average number of days to sell a single-family detached home dropped to 35 days compared to 60 days in January 2020.
The document provides an analysis of the Queensland property market for the September quarter of 2009. It finds that property prices across the state have returned to pre-financial crisis levels, with the median house price in Brisbane up 3.1% and unit/townhouse prices also increasing solidly. First home buyer activity decreased from its peak but still represents about 23% of the market. Rental vacancy rates have eased due to many renters becoming homeowners. The recovery is expected to continue into better times for the Queensland property market.
Real Estate Board of Greater Vancouver Statistics Package - November 2021VickyAulakh1
Home sales in Metro Vancouver remained high in November 2021, up 11.9% from November 2020, while housing listings continued to decline sharply. The supply of homes remains well below long-term averages and demand from buyers is driving prices up across the region. The real estate market is expected to end the year near record sale levels due to the ongoing imbalance of strong demand and limited housing supply.
Despite positive job reports, low interest rates, strong consumer confidence ratings and even stronger buyer demand, sales of single family and condominium homes are being held back by a significant shortage of available supply.
Home Sellers: If you have a move in your future, give very serious consideration to doing it now! Buyers are ready, willing and able. Now is a most favorable time for you to be in the market.
Dec 2020 Fraser Valley Real Estate Board PackageVicky Aulakh
- In December 2020, real estate sales in the Fraser Valley set a new record with 2,086 sales, an increase of 81.2% over the typical December sales. New listings were also near record levels.
- Despite months of slowdown due to the pandemic, total annual sales in 2020 were 12.4% above the 10-year average, with 19,926 total sales for the year.
- Benchmark home prices in December increased compared to both the previous month and the previous year for detached homes, townhomes, and apartments.
The housing market in the Fraser Valley region of BC continued to stabilize in August 2019, with home sales increasing 12.3% compared to August 2018. Total home sales in August 2019 were 1,297, with sales of single-family detached homes up 18% and townhomes up 9.2% compared to the previous year. While active listings increased 9.6% year-over-year to 8,040, new property listings in August declined 8.5% compared to August 2018. Benchmark home prices decreased across property types compared to the previous year, with single-family detached prices down 5.4%, townhome prices down 4.9%, and apartment prices down 7.7%.
Fraser Valley Real Estate Board Statistics Package January 2020 Vicky Aulakh
- Home sales in the Fraser Valley region of BC were 6% above the 10-year average for January while new listings were 11% below average.
- 974 total property sales occurred in January, down 22% from December 2019 but up 24% from January 2019.
- Benchmark home prices increased slightly for detached homes, townhomes, and apartments compared to December 2019.
Year-to-date sales are ahead in 1/2 of the SCWMLS but slightly down in Dane County and in the Crawford/Richland/Vernon and the Grant/Iowa/Lafayette county markets.
The lean inventory of single family homes and condominiums in Dane County has created strong competition among buyers, especially in the price range under $300,000.
The good news for prospective home buyers is a strong economy, historically low interest rates, which help with affordability even in the face of rising prices, and a steady consumer confidence index. The equally good news for prospective home sellers is that there are buyers waiting for your home. Now is the time to contact your Realtor® professional.
Metro Vancouver Statistics September 2021 VickyAulakh1
The document provides real estate market statistics for detached properties, townhomes, and condos in Metro Vancouver for September 2021 compared to the previous year. Key figures include:
- Total active listings decreased across all property types compared to September 2020. Detached listings decreased 20.2%, townhomes 35.2%, and condos 32.1%.
- Sales decreased for detached properties 27.4% and townhomes 22.9% compared to the previous year, while condo sales increased slightly by 1.9%.
- The average days on market decreased for all property types compared to September 2020, with the largest decrease for detached properties at 17.5%.
- The MLS HPI
Metro Vancouver - Stats Centre Reports - August 2021Vicky Aulakh
This document provides real estate market data for Metro Vancouver, including detached homes, condos, and townhomes, for August 2021 compared to previous periods. Key figures shown include:
- Total active listings, sales, and average days on market decreased for detached homes and increased for condos and townhomes compared to July 2021.
- The MLS HPI benchmark price increased year-over-year for all property types, with the largest increase being 20.4% for detached homes.
- Sales-to-active ratios indicated a seller's market for townhomes, balanced market for condos, and buyer's market for detached homes.
- Sales and new listings in the Fraser Valley set records in August 2020, with 2,039 sales (up 57.2% year-over-year) and 3,309 new listings (up 40.4% year-over-year).
- The average prices of single-family homes, townhomes, and apartments all increased compared to August 2019, with benchmark prices up 6.9%, 3%, and 4% respectively.
- REB President Chris Shields noted the market remains competitive with multiple offers and shorter days on market, and consumers are seeking expert guidance from REALTORS.
- Home sales in the Fraser Valley increased 39% in February 2020 compared to January 2020 and 38% compared to February 2019, outpacing new listings which increased 15% month-over-month but decreased 15% year-over-year.
- Inventory levels remained below historical averages at 5,741 active listings as of the end of February, up 12% from January but down 10% from February 2019.
- Benchmark home prices in the region increased between 1-1.5% across detached homes, townhomes, and apartments compared to both the previous month and February 2019.
In June 2021, housing sales in the Fraser Valley region decreased 24% compared to May but increased 31% compared to June 2020. Total active housing inventory decreased 7% compared to May and 23% compared to June 2020, indicating a continued lack of housing supply. Benchmark home prices continued to increase across all housing types (single family detached, townhomes, apartments) compared to June 2020, with single family detached homes seeing the largest increase of 33.2%. The market showed signs of cooling from the extreme conditions seen in previous months but demand remains high.
- Home sales and new listings in Metro Vancouver surged in September 2020 to record levels. Sales were up 56.2% from September 2019 and listings were up 31.6%.
- The increased activity is attributed to lower interest rates and changing housing needs during the COVID-19 pandemic.
- While new listings are increasing, strong demand is keeping overall housing supply down, creating upward pressure on home prices which have been rising since the spring.
- Housing market activity in the Fraser Valley reached record levels in September, with home sales and new listings seeing the highest numbers ever recorded for the month.
- Sales increased 66.1% compared to September 2019 and 9.4% compared to August 2020, reaching 2,231 total sales. New listings also saw a record at 3,515, up 26.9% and 6.2% respectively.
- Demand has shifted towards single family detached homes, making up 47% of sales compared to 43% in the same period last year. Benchmark home prices also increased across all property types.
“Buyers are less active today. This is allowing the supply of homes for sale to accumulate to levels we haven’t seen in the last few years,” Phil Moore, REBGV president said. “Rising interest rates, high prices and more restrictive mortgage requirements are among the factors dampening home buyer activity today.”
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the
region totalled 1,929 in August 2018, a 36.6 per cent decrease from the 3,043 sales record
November 2017 rebgv stats mike stewart real estate agentMike Stewart
- Home sales in Metro Vancouver increased 26.2% year-over-year in November 2017 while new listings rose 30.6%, leaving inventory still below historical levels.
- Demand remains above the 10-year average for November sales while supply remains constrained, putting upward pressure on home prices.
- The benchmark price of all residential properties in Metro Vancouver rose 14% year-over-year to $1,046,900 in November 2017.
The document summarizes home sales data in Metro Vancouver for January 2018. It finds that while demand remains high for attached homes and apartments, detached home buyers face less competition. Specifically, sales of detached homes were down 24.8% from the 10-year January average, while attached home sales rose 14.3% and apartment sales increased 31.6% compared to their 10-year averages. Real estate experts note that for detached home sellers to be successful, prices need to reflect current market trends of less demand compared to other property types.
Queensland's residential property markets largely continued trends established in late 2014. Areas that had seen consistent improvements continued solid results, while previously struggling areas are now stabilizing. Major infrastructure projects have provided economic stimulation and supported recovery across regions. The Gold Coast, Sunshine Coast, and Cairns recorded continued solid results, while investor activity increased statewide but not as strongly in some regions as anticipated. Affordable house prices and low interest rates have helped first home buyers in regional centers.
Queensland's residential property markets largely continued trends established in late 2014. Areas that had seen consistent improvements continued solid results, while previously struggling areas are now stabilizing. Major infrastructure projects have provided economic stimulation and supported recovery across regions. The Gold Coast, Sunshine Coast, and Cairns recorded continued solid results, while investor activity increased statewide but not as strongly in some regions as anticipated. Affordable house prices and low interest rates have helped first home buyers in regional centers.
Welcome to the latest edition of Queensland Market Monitor - a quarterly, electronic publication entirely focused on residential sales and rental research data on a suburb-by-suburb basis throughout Queensland, plus on the market statistics.
Home sales in Metro Vancouver remained below historical averages in October 2018, decreasing 34.9% from October 2017. The number of newly listed homes was at a four-year high for October. Total homes currently listed is at a 42.1% increase from October 2017, representing more options for buyers but also more competition for sellers. While home prices have decreased slightly in recent months, the benchmark price for all residential homes in Metro Vancouver is still up 1% from October 2017.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,833 in May 2018, a 35.1 per cent decrease from the 4,364 sales recorded in May 2017, and a 9.8 per cent increase compared to April 2018 when 2,579 homes sold.
Sea Pines - Harbour Town & Ocean-Oriented Area - March 2014 NewsletterReed Real Estate Group
Sea Pines Plantation are very comfortable, luxurious and first class, especially those that have oceanfront feature and breathtaking views. You will be able to see the ocean or view the sunrise/sunset in from you home, which is very relaxing and serene. The one in Lot 28 – 65 N Calibogue Cay Road is available. It is priced at $1,495,000 and has a quiet atmosphere. Residents will not be bored too because the community is surrounded by dining spots, shopping establishments, four golf courses, Harbor Town, South Beach Marina and other places to go biking, kayaking and strolling.
August 2017 REBGV Stats Mike Stewart RealtorMike Stewart
Competition for condominiums and townhomes drove home sales in Metro Vancouver above typical levels in August. Sales totaled 3,043, a 22.3% increase from August 2016 and a 2.8% rise from July 2017. Demand has surged this summer for homes priced between $350,000-$750,000, led by first-time buyers in condo and townhome markets. The benchmark price for all residential properties is $1,029,700, up 9.4% from August 2016. Condo sales saw the biggest increase at 20.1% while detached home prices rose just 2.2% due to balanced market conditions.
- Home sales in Metro Vancouver increased modestly in May 2019 compared to April, reaching over 2,000 for the first time this year, though demand remains below historical averages.
- The number of homes currently listed for sale reached a 5-year high of over 14,000 in May 2019, up 30% from May 2018.
- Prices continued to decline across property types, with the composite benchmark price down 0.4% from April and 8.9% from May 2018.
- Home sales in Metro Vancouver increased modestly in May 2019 compared to April, reaching over 2,000 for the first time this year, though demand remains below historical averages.
- The number of homes currently listed for sale reached nearly 14,700, the highest level since 2014, as high prices and stress test qualification issues reduce buyer demand.
- While sales increased slightly from the previous month, they remained well below 10-year averages for May and were the lowest for the month since 2000.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,070 in July 2018, a 30.1 per cent decrease from the 2,960 sales recorded in July 2017, and a decrease of 14.6 per cent compared to June 2018 when 2,425 homes sold.
- Home sales in Metro Vancouver increased 23.5% in July 2019 compared to July 2018, making it the second highest selling month of the year.
- The total number of homes listed was down 3.3% from July 2018.
- The benchmark home price for all residential properties in Metro Vancouver was $995,200, a 9.4% decrease from July 2018.
Queensland's residential property markets largely continued the trends established in late 2014, with areas of improvement showing solid results and previously struggling areas beginning to find their feet. Infrastructure projects have provided economic stimulation and recovery across regions. The downturn in regional centres has presented opportunities for first home buyers, with activity strong where incentive schemes exist. Queensland's house markets are led by Brisbane, with Toowoomba now the fastest selling major regional center.
REBGV September 2016 Stats Package Mike Stewart Vancouver RealtorMike Stewart
Home sales in Metro Vancouver dipped below the 10-year monthly average in September 2016, the first time since May 2014. Total home sales decreased 32.6% from September 2015 and 9.5% from August 2016. The sales-to-active listings ratio is at its lowest point since February 2015, indicating downward pressure on home prices. While condominium and townhome demand remains strong, the detached home market is seeing more uncertainty, making it difficult for buyers and sellers to establish prices. The benchmark home price index for all residential properties in Metro Vancouver declined slightly from August 2016 but was up 28.9% from September 2015.
Home buyer activity in the Metro Vancouver housing market increased in October compared to the previous year and month. Residential home sales totaled 2,858, up 45.4% from October 2018 and 22.5% from September 2019. While the number of newly listed homes decreased compared to the same periods, total active listings also declined. Benchmark home prices decreased across all major property types over the past year but increased slightly from September 2019.
Home sales in Metro Vancouver decreased significantly in November 2018 across all property types compared to November 2017 and October 2018. The Real Estate Board reported a 42.5% decrease in home sales year-over-year and an 18.2% monthly decrease. Additionally, home prices have declined 4-7% over the last six months depending on property type. The sales-to-active listings ratio is below the 12% threshold that often leads to downward pressure on home prices.
Similar to Queensland Market Monitor - June Quarter 2014 (20)
The document provides a quarterly market update for regional Australian markets in June 2016. It summarizes housing market performance for 11 different regions, finding that Illawarra recorded the largest annual increase in house and unit values. Transaction activity declined across most regions analyzed with the exception of Richmond-Tweed. Rental rates increased in some regions but yields declined, and home values increased in most major lifestyle markets but were flat or declining elsewhere.
The document provides a summary of housing market conditions across Queensland in the March quarter of 2016. It finds that house prices declined in many regional areas such as Cairns, Townsville, and Rockhampton in the March quarter, while Brisbane experienced a smaller decline. Looking at annual figures, house prices have risen in Brisbane, the Gold Coast, Toowoomba, Sunshine Coast, Fraser Coast and Cairns over the past 12 months. The rental market is declining most sharply in regional areas like Gladstone, Mackay and Townsville that are experiencing weaker economic conditions.
The Brisbane housing market reached a new high median price of $615,000 and defied predictions of slowing, helped by investment from southern Australia. Regional centers that relied on mining are stabilizing with economic diversification efforts underway. The tourism centers of Gold Coast, Cairns, and Toowoomba showed significant improvement in house sales markets over the quarter.
The Australian Residential Property Market & Economy: Quarterly Review, May 2015
Take a look at a comprehensive Australian housing market overview put together by CoreLogic RP Data.
State-wide residential property sales in Queensland reached a five-year high in 2014. Southeast Queensland, Toowoomba, and Cairns performed strongly, while most regional centers lagged behind due to factors like the downturn in mining and drought. House prices increased across southeast Queensland in 2014 compared to the previous year. The improving conditions in southeast Queensland are expected to boost the state's real estate market in the coming year.
Confidence spreads throughout regional Queensland - check out all the latest trends and data for all the property markets across Queensland.
Brought to you by the REIQ and National Property Buyers.
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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
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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.
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
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,
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: