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.
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.
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 document summarizes housing market conditions across various regions in Queensland, Australia for the September 2015 quarter. Some key points:
- The Brisbane housing market continued steady growth, with the median house price reaching a new high of $615,000 and sales activity up 5%.
- Housing markets in the tourism centers showed improvement, with the Gold Coast recording the highest quarterly increase in median house price. Cairns also saw increases.
- Regional centers like Mackay and Rockhampton remained weak, though Gladstone and Toowoomba showed some signs of stabilization or recovery.
- Unit markets generally followed house market trends, with some variation in specific locations.
Welcome to the latest edition of Queensland Market Monitor - a quarterly report presenting suburb-by-suburb residential sales and rental data for the state. This report includes median house and unit price data, rental research and on-the-market statistics – everything you need to know about Queensland real estate, in one report! WITH COMPLIMENTS FROM LJ GILLAND REALESTATE
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.
http://www.nationalpropertybuyers.com.au
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.
latest edition of Queensland Market Monitor - a quarterly report presenting suburb-by-suburb residential sales and rental data for the state. This report includes median house and unit price data, rental research and on-the-market statistics – everything you need to know about Queensland real estate, in one report
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.
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 document summarizes housing market conditions across various regions in Queensland, Australia for the September 2015 quarter. Some key points:
- The Brisbane housing market continued steady growth, with the median house price reaching a new high of $615,000 and sales activity up 5%.
- Housing markets in the tourism centers showed improvement, with the Gold Coast recording the highest quarterly increase in median house price. Cairns also saw increases.
- Regional centers like Mackay and Rockhampton remained weak, though Gladstone and Toowoomba showed some signs of stabilization or recovery.
- Unit markets generally followed house market trends, with some variation in specific locations.
Welcome to the latest edition of Queensland Market Monitor - a quarterly report presenting suburb-by-suburb residential sales and rental data for the state. This report includes median house and unit price data, rental research and on-the-market statistics – everything you need to know about Queensland real estate, in one report! WITH COMPLIMENTS FROM LJ GILLAND REALESTATE
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.
http://www.nationalpropertybuyers.com.au
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.
latest edition of Queensland Market Monitor - a quarterly report presenting suburb-by-suburb residential sales and rental data for the state. This report includes median house and unit price data, rental research and on-the-market statistics – everything you need to know about Queensland real estate, in one report
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 document provides an economic and housing market overview from the UK. It discusses several recent announcements from the UK government around plans to boost housing, including new Garden Villages and Towns and a scheme to offer discounts to first-time buyers. Data shows that delivery of new homes in England is on track to surpass 200,000 units for the year, an important target. However, some estimates say more new homes are needed each year. The housing white paper is expected to outline further plans to increase supply.
- The Western Cape property market slowed but remained resilient through its severe drought from 2017-2018. While the economy experienced recession in 2017, it has since recovered, with recent economic growth estimates and vacancy rates suggesting the property market is in relatively good shape compared to other regions.
- The drought negatively impacted agriculture, tourism, and sentiment, but the economy appears to have weathered its effects better than expected. While housing market activity remains slow, oversupply does not appear to be a major issue, and household finances are still stronger than in other regions.
Central Coast Industrial Snapshot Q1 2015Lynn Nguyen
The Central Coast industrial market saw a vacancy rate of 8.0% in Q1 2015, unchanged from last quarter but down from 10.4% a year ago. Absorption slowed significantly with just 15,000 SF absorbed compared to an average of 232,000 SF per quarter in 2014. The Salinas/Castroville submarket led the region with 49,000 SF of occupancy growth while Santa Cruz County saw a modest decline of 34,000 SF, increasing its vacancy rate. Monterey County's vacancy rate declined slightly while Santa Cruz warehouse vacancy increased.
Big Island Real Esate Report-january-31-2013 Statistics, Trends, Sales, KonaEric West
The document provides real estate market data and analysis for North Kona and the Big Island of Hawaii. It includes tables and charts showing trends in residential and condo listings, pending sales, sales volume, prices and market strength over time. The pending ratio, which indicates market demand, has increased for both North Kona residential and condo markets from a year ago. Inventory is down while pending sales and median prices are up, signaling a strengthening seller's market. Distressed property listings and bank-owned REO properties show declines across the island.
The document summarizes house price trends in Cape Town sub-regions from Q2 2019. It finds that:
1) Prices in affluent areas fell deeper into deflation, and this pressure is now spilling over to middle-priced areas, while lower-priced areas remain resilient with double-digit growth.
2) The overall city growth slowed to 0.5% year-over-year, the slowest since 2009, due to intensifying pressure in affluent areas now impacting middle areas.
3) While the market remains lackluster, some indicators show signs of resilience as buyers take advantage of better prices, with first-time buyer activity rebounding.
Commerce Real Estate Solutions 3rd Qtr 2010 Retail ReportJessica Parrish
Vacancy rates in the Las Vegas retail market fell slightly in the third quarter of 2010 to 12.99%, while average lease rates continued to decline to $1.63 per square foot. Unemployment in Las Vegas remains high at 14.7%, the highest in the nation, and is still impacting the local economy. While some indicators show signs of improvement, such as a rise in taxable sales, the outlook remains cautious as the full effects of high unemployment are still uncertain. The retail market recovery is expected to be slow as vacant space is absorbed and consumer confidence and spending increase.
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.
This document summarizes real estate market trends in Newfoundland and Labrador, New Brunswick, Nova Scotia, and Ontario in spring 2012. It reports that residential real estate activity has started strong across most regions, with home sales and average home prices up compared to the previous year. Buyer confidence has increased due to low interest rates and stable or growing local economies. However, housing inventory remains tight in many areas, especially for entry-level homes priced below $250,000. The spring buying season is expected to be busy.
- Home sales in the Greater Toronto Area reached a record high of 113,133 in 2016, an 11.8% increase over 2015. The average selling price also increased significantly, rising 17.3% to $729,922.
- Housing demand remained strong due to a healthy regional economy and population growth, however the supply of homes listed for sale declined, exacerbating price increases. Listings were at their lowest point in over 15 years.
- While foreign buyers make up a small share of the market (estimated at 4.9% of transactions), affordability continues to be a concern, especially if the city increases land transfer taxes as proposed in the budget.
The quarterly report summarizes real estate market trends in the San Francisco Bay Area in the fourth quarter of 2015. Key points include:
- Average home sale prices rose year-over-year across all regions, with Marin County reaching a new record high average of $1.515 million.
- The luxury market (top 10% of homes) saw gains in all regions, with the Mid-Peninsula having the highest average sale of $4.631 million.
- Total sales in the Bay Area were strong at $8.014 billion, led by the East Bay which accounted for 58% of sales and 46% of total dollar volume.
Over the March 2016 quarter, 9.2% of all homes resold recorded a gross loss when compared to their previous purchase price.
• Around 1/3 (31.9%) of homes resold for more than double their previous purchase price.
The total value of homes resold at a profit was recorded at $12.9b with the average gross profit recorded at $239,855.
The document summarizes the UK residential property market for summer 2015. It discusses:
1) The UK housing market is entering a period of stability following the Conservative election victory and is expected to see more homes built to address undersupply.
2) The document analyzes different property markets in London, as well as farmhouse and country house markets outside London, noting differing values and rental growth.
3) Affordability remains an issue, especially in London, and the Help-to-Buy scheme is questioned in terms of boosting new home supply.
The San Francisco real estate market was very slow in
January, picked up a bit in February, and then took off
in March. It appears that this upward trend will carry into the
second quarter of 2017. Already in the first couple weeks
of April we’re seeing an acceleration in activity.
The Houston industrial market saw 13 million square feet of new inventory added in 2019. Vacancy rates increased to 6.9% in the fourth quarter, though net absorption remained positive at 2.4 million square feet. Demand continues to be driven by logistics, distribution, and e-commerce users, though an oversupply of spec construction may challenge landlords in some submarkets. Overall, the Houston industrial market had a solid year with healthy absorption and job growth.
• Home values increased by 0.9% in January however they were lower over the past 3 months
• House sales have levelled while unit transactions are trending lower
• Rental rates continue to increase at their slowest annual pace on record
• Selling time of homes is seeing a seasonal spike while discounting is also increasing slightly
• Listing values are starting to rise from their seasonal slumber and are higher than a year ago
VOLUME MENSUEL DES PRÉAVIS D’EXERCICE,DES DÉLAISSEMENTS ET DES AVIS DE VENTES SOUS CONTRÔLE DE JUSTICE AU QUÉBEC S elon les actes publiés au egistre foncier du Selon les actes publiés au Registre foncier du Québec et colligés par JLR, 745 préavis d’exercice ont été émis en août 2017 dans la province.
Parma Home Sales Report - Spring, 2016Lisa Humenik
Parma, Ohio Home Sales Report showing trends in home sales, prices, and inventory. A must-read for home sellers, owners, and buyers to understand the current real estate market.
This document provides tips for building a successful property investment portfolio through a logical approach rather than emotional decisions. It advises to diversify investments across different property types and locations to reduce risk. Key considerations for new properties include balancing growth, income, and expenses like strata fees and taxes. The document also stresses the importance of selecting properties in desirable locations near major city centers, attracting quality tenants, and creating a clear plan to guide investment decisions.
Dear Friends & Colleagues, Please find attached Feb. 2015 HTW Report for your perusal and information only.
Best Regards
Linda & Carlos Debello
“Your Local Property Management Specialist”
LJ Gilland Real Estate Pty Ltd (http://www.ljgrealestate.com.au)
PO BOX 19
ZILLMERE 4034
(07) 3263 6085
0400 833 800 (Mob 1)
0413 560 808 (Mob 2)
0409 995 578 (Linda)
http://www.ljgrealestate.com.au/index.php?lan=ch Chinese website
https://www.facebook.com/ljgrealestate Please take a moment to like our page and receive updates
http://wp.me/p1qS3N-7Vn Pain & Gain Report for your perusal and information only
The document provides a May 2015 property market update for Australia. It notes that the disparity between house and unit growth is widening, with Melbourne houses increasing 2.27% in value while units declined 0.08%. Sydney continues to lead quarterly growth at 3.18%, bringing the median house value to $929,000. Trend data shows divergence between houses and units in both Melbourne and Sydney, with units trending down to almost zero growth in Melbourne. The update cautions that continued investment in units may not be favorable, as houses have historically outperformed units and suffered less in market corrections.
Summary from this month's report
• Combined capital city home values increased by 0.2% in March with value rises recorded in Sydney, Adelaide, Perth and Darwin while values fell elsewhere
• Over the 12 months to March 2015 it is estimated that there were 340,255 houses and 132,359 units sold nationally
• Capital city rental rates have recorded a -0.2% fall over the past year which is their weakest conditions on record
• The typical capital city home is currently selling after 60 days on the market compared to 53 days a year ago
• Over the past 28 days there were 41,381 new homes listed for sale which is -2.2% lower than a year ago
• Official interest rates remained on hold in March with the market anticipating a 25 basis point cut to official interest rates by the end of this year
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 document provides an economic and housing market overview from the UK. It discusses several recent announcements from the UK government around plans to boost housing, including new Garden Villages and Towns and a scheme to offer discounts to first-time buyers. Data shows that delivery of new homes in England is on track to surpass 200,000 units for the year, an important target. However, some estimates say more new homes are needed each year. The housing white paper is expected to outline further plans to increase supply.
- The Western Cape property market slowed but remained resilient through its severe drought from 2017-2018. While the economy experienced recession in 2017, it has since recovered, with recent economic growth estimates and vacancy rates suggesting the property market is in relatively good shape compared to other regions.
- The drought negatively impacted agriculture, tourism, and sentiment, but the economy appears to have weathered its effects better than expected. While housing market activity remains slow, oversupply does not appear to be a major issue, and household finances are still stronger than in other regions.
Central Coast Industrial Snapshot Q1 2015Lynn Nguyen
The Central Coast industrial market saw a vacancy rate of 8.0% in Q1 2015, unchanged from last quarter but down from 10.4% a year ago. Absorption slowed significantly with just 15,000 SF absorbed compared to an average of 232,000 SF per quarter in 2014. The Salinas/Castroville submarket led the region with 49,000 SF of occupancy growth while Santa Cruz County saw a modest decline of 34,000 SF, increasing its vacancy rate. Monterey County's vacancy rate declined slightly while Santa Cruz warehouse vacancy increased.
Big Island Real Esate Report-january-31-2013 Statistics, Trends, Sales, KonaEric West
The document provides real estate market data and analysis for North Kona and the Big Island of Hawaii. It includes tables and charts showing trends in residential and condo listings, pending sales, sales volume, prices and market strength over time. The pending ratio, which indicates market demand, has increased for both North Kona residential and condo markets from a year ago. Inventory is down while pending sales and median prices are up, signaling a strengthening seller's market. Distressed property listings and bank-owned REO properties show declines across the island.
The document summarizes house price trends in Cape Town sub-regions from Q2 2019. It finds that:
1) Prices in affluent areas fell deeper into deflation, and this pressure is now spilling over to middle-priced areas, while lower-priced areas remain resilient with double-digit growth.
2) The overall city growth slowed to 0.5% year-over-year, the slowest since 2009, due to intensifying pressure in affluent areas now impacting middle areas.
3) While the market remains lackluster, some indicators show signs of resilience as buyers take advantage of better prices, with first-time buyer activity rebounding.
Commerce Real Estate Solutions 3rd Qtr 2010 Retail ReportJessica Parrish
Vacancy rates in the Las Vegas retail market fell slightly in the third quarter of 2010 to 12.99%, while average lease rates continued to decline to $1.63 per square foot. Unemployment in Las Vegas remains high at 14.7%, the highest in the nation, and is still impacting the local economy. While some indicators show signs of improvement, such as a rise in taxable sales, the outlook remains cautious as the full effects of high unemployment are still uncertain. The retail market recovery is expected to be slow as vacant space is absorbed and consumer confidence and spending increase.
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.
This document summarizes real estate market trends in Newfoundland and Labrador, New Brunswick, Nova Scotia, and Ontario in spring 2012. It reports that residential real estate activity has started strong across most regions, with home sales and average home prices up compared to the previous year. Buyer confidence has increased due to low interest rates and stable or growing local economies. However, housing inventory remains tight in many areas, especially for entry-level homes priced below $250,000. The spring buying season is expected to be busy.
- Home sales in the Greater Toronto Area reached a record high of 113,133 in 2016, an 11.8% increase over 2015. The average selling price also increased significantly, rising 17.3% to $729,922.
- Housing demand remained strong due to a healthy regional economy and population growth, however the supply of homes listed for sale declined, exacerbating price increases. Listings were at their lowest point in over 15 years.
- While foreign buyers make up a small share of the market (estimated at 4.9% of transactions), affordability continues to be a concern, especially if the city increases land transfer taxes as proposed in the budget.
The quarterly report summarizes real estate market trends in the San Francisco Bay Area in the fourth quarter of 2015. Key points include:
- Average home sale prices rose year-over-year across all regions, with Marin County reaching a new record high average of $1.515 million.
- The luxury market (top 10% of homes) saw gains in all regions, with the Mid-Peninsula having the highest average sale of $4.631 million.
- Total sales in the Bay Area were strong at $8.014 billion, led by the East Bay which accounted for 58% of sales and 46% of total dollar volume.
Over the March 2016 quarter, 9.2% of all homes resold recorded a gross loss when compared to their previous purchase price.
• Around 1/3 (31.9%) of homes resold for more than double their previous purchase price.
The total value of homes resold at a profit was recorded at $12.9b with the average gross profit recorded at $239,855.
The document summarizes the UK residential property market for summer 2015. It discusses:
1) The UK housing market is entering a period of stability following the Conservative election victory and is expected to see more homes built to address undersupply.
2) The document analyzes different property markets in London, as well as farmhouse and country house markets outside London, noting differing values and rental growth.
3) Affordability remains an issue, especially in London, and the Help-to-Buy scheme is questioned in terms of boosting new home supply.
The San Francisco real estate market was very slow in
January, picked up a bit in February, and then took off
in March. It appears that this upward trend will carry into the
second quarter of 2017. Already in the first couple weeks
of April we’re seeing an acceleration in activity.
The Houston industrial market saw 13 million square feet of new inventory added in 2019. Vacancy rates increased to 6.9% in the fourth quarter, though net absorption remained positive at 2.4 million square feet. Demand continues to be driven by logistics, distribution, and e-commerce users, though an oversupply of spec construction may challenge landlords in some submarkets. Overall, the Houston industrial market had a solid year with healthy absorption and job growth.
• Home values increased by 0.9% in January however they were lower over the past 3 months
• House sales have levelled while unit transactions are trending lower
• Rental rates continue to increase at their slowest annual pace on record
• Selling time of homes is seeing a seasonal spike while discounting is also increasing slightly
• Listing values are starting to rise from their seasonal slumber and are higher than a year ago
VOLUME MENSUEL DES PRÉAVIS D’EXERCICE,DES DÉLAISSEMENTS ET DES AVIS DE VENTES SOUS CONTRÔLE DE JUSTICE AU QUÉBEC S elon les actes publiés au egistre foncier du Selon les actes publiés au Registre foncier du Québec et colligés par JLR, 745 préavis d’exercice ont été émis en août 2017 dans la province.
Parma Home Sales Report - Spring, 2016Lisa Humenik
Parma, Ohio Home Sales Report showing trends in home sales, prices, and inventory. A must-read for home sellers, owners, and buyers to understand the current real estate market.
This document provides tips for building a successful property investment portfolio through a logical approach rather than emotional decisions. It advises to diversify investments across different property types and locations to reduce risk. Key considerations for new properties include balancing growth, income, and expenses like strata fees and taxes. The document also stresses the importance of selecting properties in desirable locations near major city centers, attracting quality tenants, and creating a clear plan to guide investment decisions.
Dear Friends & Colleagues, Please find attached Feb. 2015 HTW Report for your perusal and information only.
Best Regards
Linda & Carlos Debello
“Your Local Property Management Specialist”
LJ Gilland Real Estate Pty Ltd (http://www.ljgrealestate.com.au)
PO BOX 19
ZILLMERE 4034
(07) 3263 6085
0400 833 800 (Mob 1)
0413 560 808 (Mob 2)
0409 995 578 (Linda)
http://www.ljgrealestate.com.au/index.php?lan=ch Chinese website
https://www.facebook.com/ljgrealestate Please take a moment to like our page and receive updates
http://wp.me/p1qS3N-7Vn Pain & Gain Report for your perusal and information only
The document provides a May 2015 property market update for Australia. It notes that the disparity between house and unit growth is widening, with Melbourne houses increasing 2.27% in value while units declined 0.08%. Sydney continues to lead quarterly growth at 3.18%, bringing the median house value to $929,000. Trend data shows divergence between houses and units in both Melbourne and Sydney, with units trending down to almost zero growth in Melbourne. The update cautions that continued investment in units may not be favorable, as houses have historically outperformed units and suffered less in market corrections.
Summary from this month's report
• Combined capital city home values increased by 0.2% in March with value rises recorded in Sydney, Adelaide, Perth and Darwin while values fell elsewhere
• Over the 12 months to March 2015 it is estimated that there were 340,255 houses and 132,359 units sold nationally
• Capital city rental rates have recorded a -0.2% fall over the past year which is their weakest conditions on record
• The typical capital city home is currently selling after 60 days on the market compared to 53 days a year ago
• Over the past 28 days there were 41,381 new homes listed for sale which is -2.2% lower than a year ago
• Official interest rates remained on hold in March with the market anticipating a 25 basis point cut to official interest rates by the end of this year
The document provides an overview of Queensland's residential property market in the June quarter of 2010. It notes that the market held firm despite negative factors, with median house prices returning to pre-GFC levels across most regions. While buyer confidence decreased in April due to interest rate rises, some areas like Townsville and the Sunshine Coast saw price increases. The number of unit and townhouse sales grew to 25% of the market as these properties provide affordable and lifestyle options.
This document is a newsletter from REIA (Real Estate Institute of Australia) that includes several articles related to real estate. The main articles discuss a warning from the Treasury boss about a potential housing bubble, the costs of cleaning up meth labs found in public housing properties, buying opportunities in the Northern Territory, and the importance of investors correctly calculating numbers. It also includes shorter articles on promoting brands in the newsletter, the president's report on a housing affordability report, victories for small businesses, protecting rental properties, and bringing loan applications home smoothly.
Throughout 2015, there has been a substantial
increase in transaction activity, however this is by
far more heavily weighted to prime assets and larger
assets offering a strong WALE of five plus years.
Buyer and market activity for investment properties
with solid WALEs in the greater Brisbane area is very
strong at present due to the low interest rate
environment.
The document summarizes real estate market conditions across various regions in Queensland, Australia for the September 2015 quarter. Some key points:
- The Brisbane housing market continued steady growth, with the median house price reaching a new high of $615,000 and sales up 5%. Nearby regions like Ipswich and Moreton Bay also saw rising prices and increased sales.
- Tourism-focused markets like the Gold Coast and Cairns improved, with the Gold Coast seeing the highest quarterly price rise and Cairns reaching a new median of $400,000. Toowoomba sales rebounded after slowing earlier in the year.
- Regional centers like Mackay, Rockhampton and Townsville saw relatively stable
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.
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
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.
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.
Crested Butte Real Estate Market Report - Ski Season 2014-2015Chris Kopf
We did not have a great snow year, but visitors, skier days, lodging and sales tax revenue were all up (as much as 16% in Crested Butte through February) compared to last year. Visitors brings interest and activity to real estate and Crested Butte real estate market saw an overall rise in total transactions and volume as well.
Weichert, Princeton January Market Recap & ForecastWeichert Realtors
Want your Phd in Princeton area real estate? Have a look at some of the most detailed data on the Mercer, Middlesex and Somerset County real estate markets. Whether you are buying or selling this will give you insight into both.
- Residential real estate accounts for over half of Australia's household wealth at $6.4 trillion as of December 2015, significantly more than other asset classes like superannuation and stocks.
- Housing markets in Sydney and Melbourne have seen annual capital gains slip from recent peaks above 14% to around 11% as the rate of growth trends lower.
- Investor mortgage demand continues to fall below the 10% benchmark while owner occupier demand is rising, indicating a shift away from investment activity in the housing market.
This document provides an overview and analysis of the Australian housing market and economic conditions in January 2016. Some key points:
- Residential real estate accounts for over half (52.1%) of household wealth in Australia, totaling $6.4 trillion as the largest non-financial asset class.
- Housing price growth has been trending lower since July 2015, with annual capital gains falling from recent peaks in Sydney and Melbourne.
- Investor mortgage demand continues to decline while owner-occupier demand is rising, and the annual pace of investment credit growth is below the 10% benchmark.
- Listings are in seasonal decline while auction clearance rates shifted lower in late 2015 across major cities.
The Barrington area real estate market experienced a slow start in 2014 with sales dropping 17.8% and new listings also slowing significantly due to many days below freezing in January compared to the previous year. While sales fell and days on market improved by over 50%, closed sales rose 14% to 40 for the month which is typically half the level of summer months. Inventory remained even, indicating a seller's market for lower-priced homes as buyers are purchasing quickly.
Selling time of homes has increased while discounting levels are falling
• The typical capital city house is currently selling at 43 days compared to 38 days a year ago while the typical capital city unit takes 40 days to sell compared to 39 days a year ago
• The average level of discount is recorded at 5.6% for houses and 5.3% for units compared to 5.8% for houses and 5.5% for units 12 months ago
• Auction clearance rates have rebounded in 2016 and were above 70% last week, averaging 68.6% so far this year
New listings are higher than they were a year ago while total listings are slightly lower
• Over the past 28 days there were 41,381 new homes listed for sale nationally and 27,073 listed across the capital cities
• New listings are 2.5% higher than they were a year ago nationally and 0.9% higher across the combined capital cities
• There were 241,633 total listings nationally over the past four weeks and 107,199 total capital city listings
• Nationally, total listings are -1.7% lower than a year ago while they are 5.1% higher across the combined capital cities
You cannot discover new oceans unless you have the courage to lose sight of the shore. [Andre Gide]
LJ Gilland Real Estate have been member agents of the Real Estate Institute of Queensland since 1996 and are holders of all appropriate Real Estate Licenses. On all matter relating to Property Management advice, it's our dedication, experience and professionalism that counts.
Please contact us for all your Investment Property Sales & Management Needs. http://www.ljgrealestate.com.au
Strong sales indicate that buyer demand is very high. The increase in the interest rates does not appear to be a deterrent. Lack of inventory remains significant, but as we move towards spring, we are cautiously optimistic that the traditional waive of new listings will soon appear.
The latest Monthly Housing & Economic Chart Pack from CoreLogic provides a detailed national market update with a focus on capital city housing market conditions and performance over time. • Combined capital city home values increased by 1.4% in December 2016 with values higher across all capital cities except for Adelaide, Darwin and Canberra.
Throughout the 2016 calendar year, dwelling values increased by 10.9% which was their greatest calendar year increase since 2009.
Autumn Buyers Guide
Do your property buying research without having to spend your whole weekend searching the web. This reference guide for home buyers and investors from ING Direct will quickly bring you up to speed on house and unit prices and suburb affordability across Australia.
Capital city dwelling values increase by 1.0% in September
The latest CoreLogic Hedonic Home Value Index reveals further gains across most capital city housing markets last month, taking the current growth phase into its 52nd month.
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.
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Total home sales in the New River Valley increased 10.3% in Q3 2013 compared to the previous year, with 471 homes sold representing the highest Q3 total since 2007. While sales dropped 17.2% in Christiansburg, strong performances in Blacksburg led to overall growth. Total housing inventory rose 9% across the region providing more options for buyers. Median home prices increased slightly overall but jumped 17.2% in Blacksburg, which could motivate more homeowners to sell.
Southwick, MA 01077 Real Estate Market Report | November 2021 | Lesley Lamber...Lesley Lambert
The document provides a real estate market report for Southwick, Massachusetts in November 2021. It includes statistics on estimated home values such as the median value of $355k, percent changes in value over various time periods, sales price data with a median of $400k for the past six months. It also gives information on new and pending listings including median listing prices.
Similar to QLD MARKET MONITOR - REIQ AS AT 9-6-15 (20)
Australia's home prices likely rose at a slightly faster pace in August (+1%) compared with July (+0.8%), based on CoreLogic's daily 5 capital city index. Brisbane (inc Gold Coast) prices are up 1.4% with Sydney and Adelaide prices both 1.1% higher.
Adelaide and Perth are the only capital cities at new highs, Brisbane is still below it's high in March 2022 based on this data (which includes the Gold Coast), though on the ground in Brisbane we are seeing data points of new all time highs in our target areas.
CoreLogic Research Director, Tim Lawless, noted the most
substantial reduction in growth has occurred in Sydney.
“After leading the upswing, the monthly pace of growth in Sydney
housing values has halved from a recent high of 1.8% in May to 0.9%
in July. Sydney has also seen a significant rise in the number of
fresh listings added to the market, 9.9% higher than the same time
last year and 18.0% above the previous five-year average. An
increased flow of new listings provides more choice and may be
working to reduce some of the urgency felt among prospective
buyers,” he said.
Brisbane and Adelaide saw the monthly pace of growth
accelerate in July, leading the pace of gains across the capitals
with housing values up 1.4% across both cities. Although the trend
in new listings has risen in these cities, Mr Lawless said the number
remains well below levels from a year ago and the previous five
year average.
Canberra was the only capital city to record a decline in values in
July, down -0.1%, while Hobart values were unchanged.
The slowdown in value growth has mostly been driven by an
easing in gains across the upper quartile of the market.
Brisbane (1.4%)
CoreLogic’s national Home Value Index (HVI) has recorded a third consecutive monthly rise, with the pace of growth accelerating sharply to 1.2% in May.
After finding a floor in February, home values increased 0.6% and 0.5% through March and April respectively.
Sydney continues to lead the recovery trend, posting a 1.8% lift in values over the month, recording the city’s highest monthly gain since September 2021. Since moving through a trough in January, home values have risen by 4.8%, or the equivalent of a $48,390 lift in the median dwelling value.
Brisbane (1.4%) and Perth (1.3%) are the only other capitals to record a monthly gain of more than 1.0%, however, the rise in values was broad-based with the rate of growth accelerating across every capital city last month.
CoreLogic’s Research Director, Tim Lawless, noted the positive trend is a symptom of persistently low levels of available housing supply running up against rising housing demand.
“Advertised listings trended lower through May with roughly 1,800 fewer capital city homes advertised for sale relative to the end of April. Inventory levels are -15.3% lower than they were at the same time last year and -24.4% below the previous five-year average for this time of year,” he said.
“With such a short supply of available housing stock, buyers are becoming more competitive and there’s an element of FOMO creeping into the market. Amid increased competition, auction clearance rates have trended higher, holding at 70% or above over the past three weeks. For private treaty sales, homes are selling faster and with less vendor discounting.”
The trend in regional housing values has also picked up, with the combined regionals index rising half a percent in April, following a 0.2% and 0.1% rise in March and April.
“Although regional home values are trending higher, the rate of gain hasn’t kept pace with the capitals. Over the past three months, growth in the combined capitals index was more than triple the pace of growth seen across the combined regionals at 2.8% and 0.8% respectively,” Mr Lawless said.
“Although advertised housing supply remains tight across regional Australia, demand from net overseas migration is less substantial. ABS data points to around 15% of Australia’s net overseas migration being centered in the regions each year. Additionally, a slowdown in internal migration rates across the regions has helped to ease the demand side pressures on housing.”
Premium housing markets in Sydney continue to lead the recovery trend. After recording a larger drop in values, Sydney’s upper quartile (the most expensive quarter) stands out with the highest rate of growth, gaining 5.6% over the past three months compared with a 2.6% rise in more affordable lower quartile values.
“Buyers targeting the premium sector of the market are still buying at well below peak prices,” Mr Lawless said.
“Although values across more expensive homes are rising more rapidly, ......
January marked a new record for how much and how fast dwelling
values have fallen in Australia. Based on the monthly index, the
national HVI is down -8.9% since peaking in April last year, making this
the largest and fastest decline in values since at least 1980 when
CoreLogic’s records began.
So far, Brisbane (-10.8%*
) and Hobart (-10.8%) have registered the
largest declines on record for those cities. Sydney home values are down
-13.8% and not far from surpassing the 2017-19 drop of -14.9% to set a
new decline record.
The third edition of the CoreLogic
Women and Property report provides
an update to the state of home
ownership for men and women across
Australia and New Zealand as of
January 2023.
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Linda 姬琳达珍 and Carlos Debello (LREA)
LJ Gilland Real Estate Pty Ltd
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This document provides an overview and outlook of the Australian property market in 2022 and 2023. It summarizes that rising interest rates led to a decline in national home values in 2022, with values falling 3.2% nationally driven by a 5.2% decline in capital cities. Regional home values rose 3.3% over the year. The outlook expects further interest rate rises and home value declines in 2023, with a potential bottoming out once interest rates peak, though serviceability remains a risk. Rental growth was strong in 2022 and migration recovery could boost investor and first home buyer activity as values find a floor.
The national monthly increase of 1.3% is the slowest rate of growth since January 2021 when values rose 0.9%. The annual increase of 22.2% has added approximately $126,700 to the median value of an Australian home in the last 12 months.
Beyond the headline figure, capital city and regional home values are diversifying as stock levels rise and affordability decreases. Houses continue to outperform units, regional markets and rental growth remain strong and a rise in listings is contributing to a subtle softening in vendor metrics such as days on market and auction clearance rates.
Will it be a hot, warm or cool summer for the market?
Foreign nationals bought up more than $55.8 billion worth of Australian property during the last financial year, down 33% as the pandemic shut the country’s borders.
The Foreign Investment Board’s annual report shows property approvals were down again, having almost halved in the space of just four years.
The report shows Chinese investment was up 16% over the same period, while Queensland is quickly becoming a “top destination” for foreign investment.
According to a variety of reported opinions, it’s Brisbane’s time to shine. The city has seen a stop- start-stagnate property market for close to a decade, with myriad factors (floods, unit oversupply, high unemployment, global pandemic) keeping our values
Australian housing values finished the year 3.0% higher according to data released by @corelogicau today. The growth rate for regional housing values (+6.9%) was more than three times higher than the pace of growth across the capital cities (+2.0%)
This document provides an overview of the residential property market in Australia, specifically discussing whether the traditionally strong Spring selling season will see increased activity in 2020 given the COVID-19 pandemic. It includes the following:
- National property market updates on housing and units from Herron Todd White valuers. Many coastal and regional markets are still seeing good demand while city unit markets have weakened.
- Discussion on the Sydney market, noting inner-city family homes have remained price resilient. The $1-2.5M inner-west sector is performing well. More listings are expected in Spring but downward price pressure may increase with more stock.
- Comments from real estate agents that while listing and transaction volumes are down year-
“The blowout in rental vacancy rates for the major CBDs suggests a mass exodus of tenants occurred over the course of March and April. This might be attributed to the significant loss in employment in our CBDs plus the drop off in international students,” he said.
Brisbane and Adelaide both saw their CBD vacancy rate double as well, albeit from smaller bases, jumping to 11.3% and 6.6% apiece.
Looking at the capital city markets as a whole, Darwin proved the only exception to rising rates across the board.
CoreLogic head of research Tim Lawless said, “Although housing values were generally slightly positive over the month, the trend has clearly weakened since mid-to-late March, when social distancing policies were implemented and consumer sentiment started to plummet.”
The capital city markets generally showed a weaker performance relative to the regional markets, with the combined capital cities index up 0.2% in April compared with a 0.5% rise across the combined regional markets.
View the COVID-19 V Australian Property Report here. At a Glance:
Even with the impact of COVID-19, the experts most commonly believe in 12 months prices will be higher than they are now (27 percent of respondents).
Overwhelmingly, (72 percent) of respondents, felt that NSW would be the hardest hit.
Short Term residential rental properties, like AIRBNB and holiday homes, are in the firing line, whilst high cashflow and diversified rooming houses on fixed-term leases are highlighted as the most resilient.
Respondents said the peak COVID-19 impact would be felt between the 3 to 12-month mark from mid-March 2020
Valuing experts explore what buyers are looking for in each housing market. This is especially useful knowledge as the market establishes its direction for 2020.
Housing values rose across Australian cities and regions in January 2020, according to CoreLogic's Hedonic Home Value Index. Sydney and Melbourne saw the strongest gains of 1.1% and 1.2% respectively. Overall the national index was up 0.9% in January, bringing the annual growth rate to 4.1%. While the recovery is broad-based, slowing growth signals affordability pressures are rising in large cities like Sydney and Melbourne.
Dwelling values rose by 1.1% over the month of December and by 4.0% over the quarter to finish out 2019 on a positive note according to the CoreLogic national home value index. This result represents the fastest rate of national dwelling value growth over any three month period since November 2009. Darwin was the only region amongst the capital cities and ‘rest-of-state’ areas to record a fall in values over the month, with a -0.5% decline
Dwelling values rose 1.2% nationally in October, marking the fourth consecutive month of growth. Melbourne had the strongest growth at 2.3%, overtaking Sydney, while Perth was the only capital city to decline. Rental yields are falling due to rising values and stagnant rents. While listings remain low, buyer demand is improving the market recovery.
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Andhra Pradesh, known for its strategic location on the southeastern coast of India, has emerged as a key player in India’s industrial landscape. Over the decades, the state has witnessed significant growth across various sectors,
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QLD MARKET MONITOR - REIQ AS AT 9-6-15
1. your state-wide property research guide suburb by suburb
REIQ
QUEENSLANDMARKETMONITORISSUE26
MARQTR2015
>p2
QMM STATE-WIDE COMMENTARY
Proudly supported by REIQ Member Linda Debello
SUSTAINABLE
GROWTH AND
STABILISATION
Over the first quarter of 2015, Queensland’s residential
property markets largely continued the trends established
in late 2014.
Those areas where improvements have been consistent,
continued to show solid results and the areas where the
market has been flat or struggling now look to be finding
their feet.
Integral to all regions have been major infrastructure
projects, which have provided much-needed economic
stimulation and underpinned recovery.
The Gold Coast sales activity will quieten heading into the
winter months but the lift in construction and tourism
industries provided some buoyancy in the first quarter of
2015. The same can be said for the Sunshine Coast and
Cairns, with all three regions recording continued solid
results.
Investor activity did increase across the state, however
it was not as pronounced in some regions as many had
anticipated. Australian Bureau of Statistics figures reveal
dwellings financed for investment purposes were at a
five-year high.
2. 2 QUEENSLAND MARKET MONITOR
REIQ RESEARCH EXPLANATORY NOTES
SALES MARKET DATA
All figures for the most recent quarterly and yearly periods
are preliminary only and subject to further revision as
additional sales records become available (see Research
Methodology online at reiq.com).
As of the June quarter 2013, all sales data includes
"Recent Sales" as advised by real estate agents as
well as official records as advised by DNRM. As such
comparisons with figures published prior to the June
quarter 2013 should be done with caution.
A median sale price is derived by arranging a set of sale
prices from lowest to highest and then selecting the
middle value within this set (ie the 50th percentile, where
half of recorded sales were less and half were higher than
the median).
Only suburbs and regions to record sufficient sales numbers
at the time of reporting are published.
N/A
Due to insufficient sales numbers (as at the time of data
extraction) no median sale price has been calculated
(LGA) Local Government Area
Brisbane
(SD)
Brisbane Statistical Division comprising the LGA’s of
Brisbane City, Ipswich City, Logan City, Moreton Bay
Regional and Redland City
Sunshine
Coast (SD)
Sunshine Coast Region comprising the LGA's of
Sunshine Coast Regional and Noosa.
# Figures based upon the new council boundaries
^
Indicates acreage sales only (with land size greater than
2400m2
). All other data is based upon sales with a land
size of less than 2400 m2
~
Median price changes influenced by varying quality of
stock sold
*
Median price changes influenced by varying quantities
of new properties sold
f
Median price changes influenced by varying quantities
of waterfront properties sold
t
Medians affected by varying quantities of townhouses
sold
Y Median affected by high yielding property sales
1
Median price changes influenced by the varying
volumes of sales between the Mainland and Bay Islands
areas
ON THE MARKET INDICATORS
At the time of publication, latest information available
was for the 12 months ending the month prior to the
current period.
"Days on Market" is calculated as the average number of
days it has taken to sell those properties sold by private
treaty sale during the 12 month period. The calculation
excludes auction listings and listings where an asking
price is not advertised. The days on market calculation
uses the contract date on the property compared with the
first advertised date.
"Vendor Discount" is the average difference between the
contract price on a property and the first advertised price.
The figure is expressed as a percentage and is an average
of all private treaty sales which sold for less than their
initial asking price during the last 12 months. Auction
listings 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: REIQ, data supplied by CoreLogic RP Data (www.corelogic.com.au)
PRICE POINT GRAPHS
All data contained within these graphs represent
preliminary sales numbers and are subject to revision as
additional sales records become available.
The data excludes any recent sales transactions where the
contract sale price was not disclosed.
The intention of these graphs is to gauge trends in
sales activity between periods in lieu of actual final
sales results.
Source: REIQ, data obtained from CoreLogic RPData
Data report date: 13 May 2015 Published date: 9 June 2015
GROSS RENTAL YIELDS
House yields are based upon REIQ median house prices
and RTA median weekly rent for three bedroom houses.
Unit yields are based upon REIQ median unit &
townhouse sale prices and RTA median weekly rent for
two bedroom units and townhouses.
VACANCY RATES
All figures are based upon all residential rentals as at
the end of each quarterly period, as submitted by REIQ
accredited agents.
Only LGAs with a minimum sample size of 10 per cent
(based upon number of bonds held by the RTA) are
reported on.
N/A
Due to insufficient information received no vacancy rate
has been calculated
Source: REIQ Residential Rental Survey
RENTAL MARKET DATA
All median weekly rents are published on a postcode
basis, as calculated by the Residential Tenancies
Authority, where sufficient data is available.
Caution should be exercised when interpreting any
median rental price data based upon a relatively small
number of new bond lodgements.
Figures for the new LGA's available for the current
quarter only.
L
Listed localities (or suburbs) represent one of potentially
several that fall within that postcode.
N.A.
Due to insufficient new bond lodgements, no median
rental price has been calculated
Source: Residential Tenancies Authority, Rental Bond lodgements
(www.rta.qld.gov.au)
3. 3
STATE-WIDE SUMMARY
MARCH QUARTER 2015
FALLING
STABILISINGRECOVERING
RISING
BRISBANE HOUSE MARKETS
March Quarter 2015
Source: REIQ
Brisbane
↑Moreton Bay
Redland
Logan
Ipswich
FALLING
STABILISINGRECOVERING
RISING
QUEENSLAND HOUSE MARKETS
March Quarter 2015
Source: REIQ
↑Toowoomba
Brisbane SD
↑Cairns
Gold Coast
Sunsine Coast
Fraser Coast
Gladstone
Townsville Rockhampton
Bundaberg Mackay
3 QUEENSLAND MARKET MONITOR
Queensland market update 1
REIQ Explanatory notes 2
Brisbane market updates
Brisbane City 6
Greater Brisbane 11
Regional market updates
Gold Coast 16
Toowoomba 19
Sunshine Coast 21
Fraser Coast 23
Bundaberg 25
Gladstone 27
Rockhampton 28
Mackay 30
Townsville 32
Cairns 34
Other Regional 36
On The Market Indicators 37
Total Listings
% Stock on Market
Average Vendor Discount
Average Days on Market
Rental Market Indicators 38
Gross rental yields
Residential vacancy rates
TABLE OF CONTENTS
REIQ
STATE-WIDE
SUMMARY CONTINUED
Queensland’s
residential
property
markets
largely
continued
the trends
established in
late 2014
The downturn in regional centres hasn’t been good news for
some, however it has represented opportunity for first home
buyers.
On the Fraser Coast, where the local council offers its own
incentive scheme, first-home buyer activity is said to be
strong. Major centres such as Mackay, Rockhampton and
Gladstone are seeing a pick-up in activity where affordable
house prices combined with low interest rates are helping
many first home buyers make the decision to move from
renting to buying.
ABS figures for the March quarter also show an
improvement in first home buyer finance, however levels
still remain well below the long-term trend.
HOUSE MARKET
The metropolitan Brisbane house market continues to
lead the way with the shortest days on market and lowest
vendor discounting.
However, Toowoomba has now taken over the Greater
Brisbane region as the state’s fastest selling major
regional centre.
Toowoomba’s sales activity may be levelling off for the
moment, however, the garden city’s local economy is
likely to continue to improve thanks to a diverse range of
industries underpinning the local economy. And when the
economy does well, real estate activity does well.
With a lift in activity at the affordable end of the market,
median sale prices were down somewhat across the
Greater Brisbane region, with Brisbane’s median price
falling below $600,000. After the surge in prestige sales
over the December quarter, it came as no surprise that the
affordable market would steal the spotlight for Brisbane
this quarter.
On the Gold and Sunshine coasts sales activity was
relatively stable with steady growth in their respective
median house prices. Both regions recorded increases
of above six per cent in their annual median house price,
indicating prices are beginning to lift.
The state’s resource centres are starting to see a light at
the end of the tunnel with Gladstone, Rockhampton and
Mackay agents reporting stable conditions and hints of lift
in sales activity.
4. 4 QUEENSLAND MARKET MONITOR
STATE-WIDE SUMMARY
HOUSES (<2400) UNITS & TOWNHOUSES VACANT LAND (<2400)
LGA
MEDIAN
SALE PRICE
QTRLY
CHANGE
SALES
ACTIVITY
CHANGE
MEDIAN
SALE PRICE
QTRLY
CHANGE
SALES
ACTIVITY
CHANGE
MEDIAN
SALE PRICE
QTRLY
CHANGE
SALES
ACTIVITY
CHANGE
GREATER BRISBANE
BRISBANE SD $475,000 -1.5% -5% $393,000 2.1% 9% $217,000 0.5% 10%
BRISBANE $580,000 -3.3% ~ -8% $424,500 1.4% 5% $335,000 -2.9% 23%
IPSWICH $315,500 -1.4% 7% $261,250 8.9% * t 3% $178,000 1.5% 19%
LOGAN $350,000 -1.1% -4% $228,000 -5.0% ~ * 11% $210,000 6.3% * 11%
MORETON BAY $395,000 0.0% -4% $305,000 -0.8% 22% $214,800 -3.9% * -18%
REDLAND $472,500 -1.4% -2% $389,000 15.1% * t 45% $38,000 8.6% * 39%
TOURISM CENTRES
GOLD COAST $531,500 2.2% 0% $355,000 1.4% 28% $232,000 -0.4% -26%
SUNSHINE COAST REGION $498,400 2.8% -2% $355,000 1.4% 12% $250,000 -3.5% 0%
SUNSHINE COAST $489,000 1.5% -3% $348,000 -0.4% 16% $239,500 -1.1% -7%
NOOSA $565,000 8.7% ~ f 3% $385,000 2.7% -7% $365,500 -16.5% * f 33%
FRASER COAST $285,500 0.2% 21% $242,000 -10.4% ~ f 38% $140,000 12.0% ~ 13%
CAIRNS $390,000 0.0% -1% $219,500 5.5% ~ -15% $190,500 -8.0% ~ -18%
REGIONAL CENTRES
BUNDABERG $283,000 2.9% 6% $231,500 -12.6% ~ f 3% $145,000 5.5% 66%
GLADSTONE $379,500 6.5% ~ -8% $236,000 -3.5% -32% $175,000 -12.7% ~ -23%
MACKAY $385,000 4.1% ~ 18% $250,000 -31.5% ~ f 70% $195,000 -4.2% ~ 19%
ROCKHAMPTON $300,000 2.0% 4% $310,000 -11.4% * f -6% $170,000 41.1% ~ * -5%
TOOWOOMBA $354,000 1.1% -11% $291,500 8.5% * t 24% $186,500 20.3% ~ * 38%
TOWNSVILLE $350,000 -0.7% -9% $272,500 -6.0% ~ 30% $165,000 -1.2% -51%
ON THE
MARKET"
HOUSES (ALL) UNITS (ALL)
LGA
STOCK
ON
MARKET
DAYS ON
MARKET
VENDOR
DISCOUNT
STOCK
ON
MARKET
DAYS ON
MARKET
VENDOR
DISCOUNT
GREATER BRISBANE
BRISBANE SD 7.1% 66 -5.7% 7.6% 73 -5.1%
BRISBANE 6.7% 57 -5.6% 6.8% 63 -4.7%
IPSWICH 7.4% 82 -6.6% 10.6% 112 -7.3%
LOGAN 7.4% 76 -5.7% 10.7% 97 -6.1%
MORETON BAY 7.4% 71 -5.3% 9.4% 100 -5.8%
REDLAND 8.6% 71 -5.8% 9.8% 89 -5.3%
TOURISM CENTRES
GOLD COAST 8.0% 72 -6.0% 9.6% 91 -6.5%
SUNSHINE COAST SD 9.3% 87 -5.9% 10.1% 105 -6.5%
FRASER COAST 9.9% 109 -7.8% 13.3% 104 -5.9%
CAIRNS 7.3% 65 -5.8% 8.7% 86 -7.3%
REGIONAL QLD
BUNDABERG 9.0% 99 -8.0% 11.3% 152 -8.5%
GLADSTONE 7.8% 113 -9.9% 6.7% 125 -13.6%
MACKAY 7.4% 103 -10.5% 7.9% 146 -13.7%
ROCKHAMPTON 8.4% 97 -8.9% 8.2% 111 -8.0%
TOOWOOMBA 8.5% 63 -4.7% 8.2% 69 -4.4%
TOWNSVILLE 7.3% 91 -8.0% 10.7% 123 -9.4%
"All figures are for the 12months ending February 2015
SD - Statistical Division: Brisbane SD (Brisbane, Ipswich,
Logan, Moreton Bay & Redland); Sunshine Coast SD
(Sunshine Coast & Noosa)
Due to low volume of sales, % changes should be used with caution.
While there is still a long way to go before the market
picks up again, local agents in each region feel a corner
has been turned.
Local council efforts in Mackay and Gladstone are also
aiming to diversify their respective industries knowing
it will help scaffold the future growth of their regions. In
Rockhampton the improving beef industry is giving the
region a much-needed confidence boost.
UNIT MARKET
While the house market took a breather in many parts
of the state, a number of unit and townhouse markets
recorded increased sales activity.
Most notably Greater Brisbane’s Logan, Moreton Bay and
Redland City recorded strengthening sales activity, as did
the Gold and Sunshine coasts.
In regional areas Townsville was a standout performer,
however, this may be more of an indication of investors off-
loading their properties and being unable to wait out the
current downturn. As a result a shift in property prices is
occurring, and a similar trend is being seen in Gladstone.
The consequence of this is that median sale prices in
a number of regional centres have eased and average
vendor discounting rates have increased.
Although the unit market in Cairns has struggled on the
back of high insurance and body corporate fees, local
agents report renewed investor interest, namely at the
affordable end of the market, which bodes well for the
region.
5. 5
STATE-WIDE SUMMARY
MARCH QUARTER 2015
FOR FULL ON THE MARKET AND RENTAL MARKET STATISTICS
BY LOCAL GOVERNMENT AREA, SEE PAGE 37-39
VACANCY RATES
LGA/REGION' AS AT 31-MAR-15 TREND
GREATER BRISBANE
BRISBANE SD 2.2% STEADY
BRISBANE CITY 2.5% DOWN
IPSWICH CITY 2.4% STEADY
LOGAN CITY 2.1% STEADY
MORETON BAY 1.3% STEADY
REDLAND CITY 2.4% UP
TOURISM CENTRES
GOLD COAST CITY 1.3% DOWN
SUNSHINE COAST REGION 1.7% UP
SUNSHINE COAST 1.9% UP
NOOSA 1.0% STEADY
FRASER COAST 2.3% UP
CAIRNS 2.4% STEADY
REGIONAL QLD
BUNDABERG 4.1% STEADY
GLADSTONE 3.8% DOWN
MACKAY# 9.4% DOWN
ROCKHAMPTON 4.4% DOWN
TOOWOOMBA 3.2% UP
TOWNSVILLE 5.9% UP
See page 39 for full vacancy rate data
* change greater than $20 (rents) or 0.5 pts (yields)
NB Trend for rents are over year; while trend for yields
are over the quarter
RENTAL TRENDS^ MEDIAN WEEKLY RENT GROSS RENTAL YIELDS
LGA 3-BED HOUSE 2-BED FLAT 3-BED TOWNHOUSE HOUSES UNITS
GREATER BRISBANE
BRISBANE CITY $420 UP $400 UP $405 STEADY 3.9% UP 5.0% STEADY
IPSWICH CITY $300 STEADY $255 UP $310 STEADY 4.9% STEADY 5.2% DOWN
LOGAN CITY $340 STEADY $260 STEADY $335 UP 5.2% UP 6.2% UP
MORETON BAY $340 UP $280 UP $340 UP 4.6% STEADY 4.8% STEADY
REDLAND CITY $390 UP $340 UP $390 UP 4.3% STEADY 4.3% DOWN*
TOURISM CENTRES
GOLD COAST CITY $440 UP* $370 UP $395 UP 4.3% STEADY 5.4% STEADY
SUNSHINE COAST $410 UP* $325 UP $400 UP* 4.5% STEADY 5.1% UP
NOOSA $430 UP* $375 UP* $500 UP* 4.0% DOWN 4.9% DOWN
FRASER COAST $285 UP $245 UP* $310 STEADY 4.8% DOWN 6.9% UP*
CAIRNS $360 UP* $280 STEADY $350 STEADY 5.1% UP 5.2% DOWN*
REGIONAL QLD
BUNDABERG $285 UP $225 UP $280 DOWN* 5.1% DOWN 5.2% UP*
GLADSTONE $300 DOWN* $250 DOWN* $360 DOWN* 4.1% DOWN 4.5% DOWN*
MACKAY $320 DOWN* $245 DOWN* $350 DOWN* 4.3% DOWN 4.8% UP*
ROCKHAMPTON $295 DOWN* $230 DOWN* $345 DOWN* 5.2% STEADY 3.9% UP
TOOWOOMBA $310 UP* $250 UP $300 DOWN* 4.6% STEADY 4.5% DOWN
TOWNSVILLE CITY $320 DOWN* $280 STEADY $340 DOWN 4.9% UP 5.2% UP
RENTAL MARKET
Regional Queensland’s vacancy rates are incrementally
improving, while the southeast corner - the Gold Coast,
Brisbane and the Sunshine Coast - powers on with
healthy-to-tight market ratings.
Good news for investors as at the end of March 2015
with a small drop recorded in vacancy rates in Mackay,
Gladstone and Rockhampton.
Likewise, investors on the Sunshine Coast, Gold Coast and
Brisbane continued to enjoy tight vacancy rates, ensuring
the best opportunity for return on investment.
On the Gold and Sunshine coasts continued tight
conditions in rentals are due to two groups of investors
at work – those who are selling to owner occupiers,
thus reducing rental stock, and those who are buying
properties which then adds to rental stock. The net effect
of this activity is that vacancy rates remain static.
In Brisbane local agents say first home buyers are
beginning to become more active, contributing to a
softening of rental demand as they leave the rental
market for their first mortgage. Investors are also
becoming increasingly more active adding to supply
and we anticipate that we will start to see a softening of
Brisbane’s rental market over the rest of the year.
6. 6 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
HOUSE PRICEPOINTS
1,078
1,234
571
22
1,079
1,276
540
19
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS HOUSE SALES (p)
DEC 14 MAR 15
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
667
GOLD COAST HOUSE SALES (p)
DEC 14 MAR 15
159 157
BUNDABERG HOUSE SALES (p)
DEC 14 MAR 15
202
60
6
227
70
13
<$350,000 $350,000+ $500,000+
FRASER COAST HOUSE SALES (p)
DEC 14 MAR 15
222
64
<$
142
<$3
ROCK
130
788
1,922
332
129
753
1,840
247
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE CITY HOUSE SALES (p)
DEC 14 MAR 15
271
200
87
239
196
70
<$350,000 $350,000+ $500,000+
TOOWOOMBA HOUSE SALES (p)
DEC 14 MAR 15
UNIT PRICEPOINTS
47
310
770
427
4755
342
811
468
49
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE CITY UNIT SALES (p)
DEC 14 MAR 15
BRISBANE SURROUNDS UNIT SALES (p)
DEC 14 MAR 15
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
FRASER COAST UNIT SALES (p)
DEC 14 MAR 15
9
23
<$250,00
ROCK
28
40
10
4
36
52
14
4
<$250,000 $250,000+ $350,000+ $500,000+
TOOWOOMBA UNIT SALES (p)
DEC 14 MAR 15
BRISBANE
CITY
The biggest news in this market is the drop in Brisbane’s
median house price to below $600,000 – to $580,000 – after
a brief flirtation of just one quarter at this benchmark.
The small drop, of 3.3 per cent, is largely due to flatter
activity in the prestige market following a robust final
quarter of 2014.
The first quarter of the year is historically a quieter time for
sales activity and that held true in 2015 with total house
sales activity down eight per cent.
The long-term trend in sales volumes however remains
strong with activity up on the same time last year. This
steady growth in sales volumes bodes well for property
buyers in the state’s capital city, as price growth has
remained in check.
Brisbane’s rental market remains healthy with vacancy
rates at the end of March down since the end of 2014.
Concerns of an oversupply in the inner city rental market
may be eased with new data from the Residential Tenancies
Authority pointing toward demand keeping relatively apace
of supply.
HOUSE MARKET
Over the quarter, Brisbane’s median house price was
down 3.3 per cent on the back of a drop in activity most
notably in the upper end of the market. Sales in the
$500,000 and $1 million-plus price points recorded larger
drops in preliminary numbers than was seen in the more
affordable price points.
However, figures for the year ending March 2015 clearly
show that Brisbane’s house prices are starting to lift, with
the median house price up 7.2 per cent compared to the
previous year.
The proportion of profit-making sales also continues to
trend upwards with 92 per cent of vendors in Brisbane
over the year to February achieving a sale price higher
than what they originally paid.
Along with improving days on market and vendor
discounting rates, listing numbers have also now vastly
improved as more vendors recognise that now is the time
sell. Particularly for up-graders as any price increase
they may make on the sale of their current home will also
mean paying a higher price for their next home purchase.
In line with general trends during an upswing in the
market, it’s the inner city suburbs that are taking the lead
in terms of median price growth. The likes of Highgate
Hill, Teneriffe and Balmoral top the list with more than 30
per cent growth in the median house price compared to
five years ago.
UNIT MARKET
While the house market took a breather over the quarter,
unit and townhouse sales were up, with both inner and
outer ring suburbs performing well. Inner suburbs of
Kangaroo Point, Morningside, Indooroopilly and St Lucia
all saw an increase in buyer activity while Chermside and
Eight Mile Plains both recorded 11 more preliminary unit
sales compared with the previous quarter.
Time on market also continues to improve for Brisbane’s
unit and townhouse market. Unit listings are spending
on average two weeks fewer on the market compared
with a year ago, while vendors now only have to drop their
original list price by an average 4.7 per cent.
Buyer activity was also most prominent in the $350,000-
plus price point, up 41 sales compared to the December
quarter, as was the $500,000-plus price point. This
combined with steady sales in the prestige market saw
the overall median unit and townhouse price increase 1.4
per cent over the quarter.
RENTAL MARKET
At the end of March, Brisbane City recorded a vacancy
rate of 2.5 per cent, with both the inner and outer suburbs
recording a drop compared to the end of December.
According to local agents, the outer ring suburbs are
receiving increased tenant demand from those being
priced out of the inner suburbs or simply wanting to get
more for their money.
The continued supply of new apartments in the inner city
remains a concern however REIQ analysis of approximate
new dwelling counts from against the increase in total
bonds held by the RTA show that tenant demand is there.
Local agents in the inner Brisbane area also say that
minimising vacancy levels is paramount to the viability of
the residential letting agency business managing each
new apartment. Good relationship management with their
new landlords, coupled with offering rental incentives to
prospective tenants, is said to contribute significantly to
keeping vacancy levels low.
10. 10 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
RENTAL MARKET - 2 BED UNITS (CONT’D)
POST MAR-15 MAR-14
CODE LOCALITYL
$/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 3 BED TOWNHOUSES
POST MAR-15 MAR-14
CODE LOCALITYL
$/WEEK NEW BONDS $/WEEK NEW BONDS
DID YOU KNOW?
YOU CAN GET MEDIAN WEEKLY RENTS FOR OTHER PROPERTY TYPES ONLINE AT
WWW.RTA.QLD.GOV.AU
BRISBANE CITY $415 1896 $410 1859
BAYSIDE $400 63 $395 77
4178 WYNNUM $400 39 $400 36
4179 MANLY $410 24 $395 41
CITY INNER $580 97 $570 90
4005 NEW FARM $700 5 N.A. 3
4006 BOWEN HILLS $560 8 $520 13
4064 PADDINGTON $630 17 $600 10
4066 TOOWONG $535 20 $520 14
4067 ST LUCIA $600 26 $570 22
4101 WEST END $625 8 $660 10
4169 EAST BRISBANE $465 10 $570 8
NORTH - INNER $490 141 $490 139
4007 ASCOT $565 16 $580 14
4011 CLAYFIELD $600 13 $520 14
4012 NUNDAH $465 22 $450 20
4030 LUTWYCHE $500 16 $475 21
4031 GORDON PARK $450 26 $450 18
4051 ALDERLEY $485 44 $490 52
NORTH - OUTER $395 232 $390 195
4013 NORTHGATE $410 12 $410 15
4017 BRACKEN RIDGE $375 57 $365 36
4018 FITZGIBBON $395 58 $360 29
4032 CHERMSIDE $430 32 $430 36
4034 ASPLEY $395 61 $390 68
4036 BALD HILLS $286 10 $360 10
NORTH WEST - INNER $550 26 $500 29
4059 KELVIN GROVE $550 16 $500 18
4060 ASHGROVE $500 6 $490 7
NORTH WEST - OUTER $430 92 $420 49
4053 STAFFORD $430 77 $420 38
4054 ARANA HILLS $385 9 $385 10
4061 THE GAP $480 6 N.A. 1
SOUTH - INNER $435 185 $450 179
4103 ANNERLEY $500 32 $500 38
4104 YERONGA $450 22 $470 23
4105 MOOROOKA $440 29 $450 25
4120 GREENSLOPES $470 17 $510 25
4121 HOLLAND PARK $425 14 $450 5
4122 MANSFIELD $420 71 $420 62
SOUTH - OUTER $395 428 $390 458
4107 SALISBURY $480 15 $485 6
4109 MACGREGOR $410 81 $410 77
4110 ACACIA RIDGE $340 29 $340 56
4112 KURABY $375 34 $375 30
4113 EIGHT MILE PLAINS $410 150 $405 148
4115 ALGESTER $375 33 $385 46
4116 CALAMVALE $385 83 $385 92
SOUTH EAST - INNER $485 243 $480 259
4151 COORPAROO $500 19 $475 24
4152 CAMP HILL $450 117 $451 123
4170 CANNON HILL $500 68 $495 71
4171 BALMORAL $565 26 $610 29
4172 MURARRIE $500 13 $485 12
SOUTH EAST - OUTER $410 60 $410 87
4153 BELMONT $430 11 $435 12
4154 GUMDALE $415 32 $410 49
4173 TINGALPA $390 15 $385 24
SOUTH WEST - INNER $465 107 $475 111
4068 CHELMER $530 43 $525 55
4075 CORINDA $400 64 $410 56
SOUTH WEST - OUTER $365 222 $350 186
4073 SEVENTEEN MILE ROCKS $420 9 $425 9
4074 JINDALEE $440 22 $455 17
4076 DARRA $375 37 N.A. 4
4077 DOOLANDELLA $355 120 $345 123
4078 FOREST LAKE $350 31 $360 29
NORTH WEST - INNER $455 279 $435 224
4059 KELVIN GROVE $500 202 $480 163
4060 ASHGROVE $410 65 $380 48
4065 BARDON $330 12 $310 13
NORTH WEST - OUTER $365 109 $380 97
4053 STAFFORD $365 108 $380 95
SOUTH - INNER $360 514 $360 504
4103 ANNERLEY $350 128 $350 134
4104 YERONGA $350 43 $350 45
4105 MOOROOKA $370 85 $350 61
4120 GREENSLOPES $360 110 $360 122
4121 HOLLAND PARK $340 39 $345 39
4122 MANSFIELD $395 105 $385 96
SOUTH - OUTER $315 82 $325 65
4106 ROCKLEA $295 5 $299 7
4109 MACGREGOR $380 42 $400 38
4113 EIGHT MILE PLAINS $395 8 N.A. 1
4115 ALGESTER $285 15 N.A. 3
SOUTH EAST - INNER $380 499 $375 440
4151 COORPAROO $360 200 $360 185
4152 CAMP HILL $370 60 $360 46
4170 CANNON HILL $400 122 $375 96
4171 BALMORAL $450 115 $425 109
SOUTH EAST - OUTER $325 7 $320 6
4173 TINGALPA $325 7 $320 5
SOUTH WEST - INNER $390 349 $385 426
4068 CHELMER $390 298 $385 358
4075 CORINDA $390 51 $365 68
SOUTH WEST - OUTER $330 17 $335 23
4069 BROOKFIELD $330 7 $395 5
4078 FOREST LAKE $340 7 $340 12
The long-term trend in
sales volumes however
remains strong with
activity up on the same
time last year.
11. 11MARCH QUARTER 2015
BRISBANE MARKET UPDATES
GREATER
BRISBANE
FALLING
STABILISINGRECOVERING
RISING
BRISBANE HOUSE MARKETS
March Quarter 2015
Source: REIQ
Brisbane
↑Moreton Bay
Redland
Logan
Ipswich
FALLING
STABILISINGRECOVERING
RISING
QUEENSLAND HOUSE MARKETS
March Quarter 2015
Source: REIQ
↑Toowoomba
Brisbane SD
↑Cairns
Gold Coast
Sunsine Coast
Fraser Coast
Gladstone
Townsville Rockhampton
Bundaberg Mackay
Confidence in the state’s capital city residential market
continues to strengthen with listing numbers up over the
year to February and continued improvement in time on
market and the level to which vendors have to discount
from their initial list price.
According to local agents Brisbane’s relative affordability
and rental returns compared to Sydney and Melbourne is
likely going to mean an increase in investor activity moving
forward.
The unit and townhouse market continues to strengthen
in the outer suburbs with the landscape set to change in
the face of new townhouse and low-rise unit developments.
Investors are being attracted to such properties given the
strong rental returns they are achieving. Local agents
across the Greater Brisbane area say there are a good
number of great buying opportunities for investors to have
a positively geared investment, particularly with current
interest rate levels.
The 2014 Brisbane City Plan, which identifies key growth
corridors and centres, has infrastructure such as public
transport and road upgrades flagged as paramount to the
future growth of the state’s capital city.
HOUSE MARKET
Over the March quarter, sales activity across the Brisbane
statistical division was down 5 per cent however this trend
was not consistent across each of the council areas,
with Ipswich bucking the trend with preliminary house
sales numbers up 7 per cent compared to the December
quarter.
Ipswich agents say the region is well-positioned for strong
capital growth in the coming years as the south-east
property market strengthens further. With the region
tipped to be the fastest growing region in SEQ, local
agents are very optimistic about the coming years for their
area.
Over the March quarter, median house sale prices
remained flat or eased somewhat on the back of an
increase in buyer activity in the $350,000 to $500,000 price
point. Over the year to March however all regions posted
an increase in median house prices.
Taking all market indicators into consideration, Moreton
Bay appears to be leading the way with the greatest
improvement in average days on market over the year, now
rivalling that of Ipswich at 71 days. Moreton Bay also now
has the lowest rate of average vendor discounting coupled
with the strongest increase in its median house sale price
compared to a year ago, up 3.9 per cent.
UNIT MARKET
Unit markets across Greater Brisbane continue to
strengthen, with sales activity up across all council areas
over the quarter. Demand for this segment of the market
is further evident in all areas except Redland, recording
double digit growth in preliminary sales numbers over the
year to March 2015.
While the upper end of the market saw an increase in
the $500,000-plus price point over the quarter, so too did
the affordable end, seeing unit and townhouse sales in
the sub-$250,000 bracket record the highest number of
preliminary sales.
This trend was strongest in Logan, which as a result saw
its median unit sale price drop 5 per cent. Sales were
up in the likes of suburbs such as Browns Plains where
investors are getting healthy rental returns with the suburb
well-placed in close proximity to Greenbank Military Camp,
Logan Central and major arterial roads.
Strengthening demand for townhouses was evident
across a number of suburbs with Kallangur, Griffin and
Petrie in Moreton Bay all recording an increase in activity.
According to local agents in Redcliffe the new rail line is a
major boost for the area and is reportedly 6 months ahead
of schedule.
RENTAL MARKET
Affordability continues to be king for the Greater Brisbane
area, with vacancy levels holding steady across most
regions. Ipswich, Logan and Moreton Bay all remained
relatively unchanged since December, while a softening in
demand was seen in Redland City.
After spending all of 2014 at a vacancy level sub-two per
cent, Redland City has returned to healthier levels of
vacancy, while Moreton Bay holds the tightest vacancy
rate with local agents reporting continued strong tenant
demand.
In Logan, vacancy rates held relatively steady at 2.1 per
cent, however local agents say tenant enquiry levels are
beginning to soften. Investor interest in the area is also
said to be picking up, which indicates further easing in
vacancy levels potentially to come.
Meanwhile in Ipswich, local agents are also saying their
rental markets are quietening down, coupled with investor
activity in new residential estates.
16. 16 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
GOLD COAST
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by CoreLogic RP Data.
571
22
540
19
<$350,000 $350,000+ $500,000+ $1m+
58
541
629
117
54
532
667
119
<$350,000 $350,000+ $500,000+ $1m+
GOLD COAST HOUSE SALES (p)
DEC 14 MAR 15
88
459
426
4662
443 445
55
<$350,000 $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA HOUSE SALES (p)
DEC 14 MAR 15
The residential property market and local economy on the
Gold Coast continue to record solid results with local agents
saying the city is steadily improving with the tourism and
construction industries rebounding strongly.
According to local agents, the house market results for the
March quarter are typical of the time of year, with similar
steadying sales activity recorded over the March quarter
last year. They also pre-empt the June quarter will similarly
follow the trend seen last year, with the cooler season
seeing buyer demand drop off.
The construction industry is providing much needed jobs
with both residential and infrastructure projects underway.
The billion-dollar high rise development “Jewel” in Surfers
Paradise is reportedly underway with excavation works
underway. The sand dug up from the site, 113,000 cubic
metres worth, is set to be donated to help with erosion on
Surfers Paradise beach.
Tourism is also back on track providing further employment
opportunities for local residents.
Despite the improving conditions, local agents say
interstate investor activity hasn’t picked up as much as
many had anticipated it would have by now.
HOUSE MARKET
Over the March quarter this year, preliminary house sales
numbers were relatively unchanged compared to the
December quarter, but annual sales numbers were up 9
per cent. While sales activity remained unchanged there
was a shift in price point activity with a lift in sales in the
$500,000 to one million price range.
As a result the Gold Coast median house price recorded
a healthy 2.2 per cent increase over the quarter. Evidence
that the region is well on its way to better times is an
increase of 6.4 per cent in its annual median compared to
a year ago.
Indicative of solid and steady results are stable average
days on market which have improved by just 7 days over
the year to February, while average vendor discounting
now sits at 6 per cent, down from 6.3 per cent a year ago.
UNIT MARKET
Unlike the house market, the Gold Coast’s unit and
townhouse market saw a rise in preliminary sales
numbers, up 24 per cent over the March quarter.
Local agents however say the unit market still remains a
quieter than the house market, and the lift in sales activity
is likely a few developments off-loading developer stock.
Suburbs along the beach front saw the strongest sales
activity with Surfers Paradise, Labrador and Palm Beach
topping the list for the quarter.
Signs that the unit market is not too far behind the house
market on the Gold Coast is the improvement in average
days on market and average vendor discounting rates.
Over the year to February 2015, unit listings took 10 days
fewer to sell while vendors have saved a full 1 percentage
point in their discounting rates compared to a year ago.
RENTAL MARKET
The Gold Coast however, buoyed by improving local
employment conditions, saw its vacancy rate drop further,
down 0.8 percentage points since December, making the
region the tightest rental market of all major regions.
With a vacancy of just 1.3 per cent, this is the lowest the
Gold Coast has recorded in seven years and is a strong
indicator that the other sectors of the economy are
strengthening.
According to local agents, mid-range properties typically
targeted by families are moving faster than upper-end
executive style properties.
19. 19
REGIONAL MARKET UPDATES
MARCH QUARTER 2015
TOOWOOMBA
HOUSE PRICEPOINTS
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by CoreLogic RP Data.
1,078
1,234
571
22
1,079
1,276
540
19
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS HOUSE SALES (p)
DEC 14 MAR 15
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
58
541
629
117
54
532
667
119
<$350,000 $350,000+ $500,000+ $1m+
GOLD COAST HOUSE SALES (p)
DEC 14 MAR 15
159
33
12
157
47
11
<$350,000 $350,000+ $500,000+
BUNDABERG HOUSE SALES (p)
DEC 14 MAR 15
202
60
6
227
70
13
<$350,000 $350,000+ $500,000+
FRASER COAST HOUSE SALES (p)
DEC 14 MAR 15
51
47
10
44 47
19
<$350,000 $350,000+ $500,000+
GLADSTONE HOUSE SALES (p)
DEC 14 MAR 15
130
788
1,922
332
129
753
1,840
247
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE CITY HOUSE SALES (p)
DEC 14 MAR 15
271
200
87
239
196
70
<$350,000 $350,000+ $500,000+
TOOWOOMBA HOUSE SALES (p)
DEC 14 MAR 15
88
459
426
4662
443 445
55
<$350,000 $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA HOUSE SALES (p)
DEC 14 MAR 15
UNIT PRICEPOINTS
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by CoreLogic RP Data.
47
310
770
427
4755
342
811
468
49
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE CITY UNIT SALES (p)
DEC 14 MAR 15
225 239
100
46
3
256
237
137
86
10
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS UNIT SALES (p)
DEC 14 MAR 15
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
179
419
321
165
33
239
493
431
202
32
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
GOLD COAST UNIT SALES (p)
DEC 14 MAR 15
83
215
177
101
35
97
231 221
116
18
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA UNIT SALES (p)
DEC 14 MAR 15
16
10
7
2
21
8
4 3
<$250,000 $250,000+ $350,000+ $500,000+
BUNDABERG UNIT SALES (p)
DEC 14 MAR 15
<
19
16
6
1
28
19
6
0
<$250,000 $250,000+ $350,000+ $500,000+
FRASER COAST UNIT SALES (p)
DEC 14 MAR 15
9
5
4
0
7
4
2
0
<$250,000 $250,000+ $350,000+ $500,000+
GLADSTONE UNIT SALES (p)
DEC 14 MAR 15
<
<
28
40
10
4
36
52
14
4
<$250,000 $250,000+ $350,000+ $500,000+
TOOWOOMBA UNIT SALES (p)
DEC 14 MAR 15
LAND PRICEPOINTS
19
31
36
14
18
47
35
23
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE CITY LAND SALES (p)
DEC 14 MAR 15
344
59
19 4
339
81
29
3
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE SURROUNDS LAND SALES (p)
DEC 14 MAR 15
Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
91
36
9 9
73
17
9 8
<$250,000 $250,000+ $350,000+ $500,000+
GOLD COAST LAND SALES (p)
DEC 14 MAR 15
49
26
19
13
52
26
14 15
SUNSHINE COAST & NOOSA LAND SALES (p)
DEC 14 MAR 15
29
0 0
48
0 0
<$250,000 $250,000+ $350,000+
BUNDABERG LAND SALES (p)
DEC 14 MAR 15
44
2 1
50
2 1
<$250,000 $250,000+ $350,000+
FRASER COAST LAND SALES (p)
DEC 14 MAR 15
20
15
GLADSTONE LAND SALES (p)
DEC 14 MAR 15
R
27
2 0
34
4 2
<$250,000 $250,000+ $350,000+
TOOWOOMBA LAND SALES (p)
DEC 14 MAR 15
Over the March quarter the Toowoomba residential property
market, similar to Brisbane, took a moment’s pause,
with sales activity easing in the house market. Unit sales
however were up, following a sharp drop over the December
quarter.
Local agents in Toowoomba say that there is an air of
cautious optimism with well-educated buyers gaining more
confidence in the negotiation process.
A two-tiered market is also said to be present, with those
who have some uncertainty around their employment
holding back from the sales market. Investor activity is also
said to have dropped back, which is likely behind the easing
in sales activity over the quarter.
Despite the lull over the first three months of the year,
Toowoomba agents say the outlook for the region remains
very positive with local property prices remaining relatively
affordable and various industries supporting the local
economy.
HOUSE MARKET
Similar to the March quarter in 2014, preliminary house
sales numbers were down over the March quarter this
year. Toowoomba’s median house price however recorded
an increase of 1.1 per cent, the regions fourth consecutive
quarterly increase, indicating that local property prices
have begun to lift. The region’s quarterly change in
median house price has now trended in positive territory
since late 2012.
According to local agents the prestige market in
Toowoomba has picked up, with multiple sales in the one
to two million price bracket occurring, something that
hasn’t occurred in Toowoomba for some time. Over the
March quarter, preliminary numbers show four houses
were exchanged for over a million dollars, up from just two
during the corresponding March quarter last year.
The positive news is enticing more vendors to place their
properties onto the market, with total listings over the year
to February up 6 per cent compared to the previous year.
Despite an increase in available house listings, average
days on market in Toowoomba has reduced further to 63
days, and remains the fastest selling region outside of the
Brisbane council area.
UNIT MARKET
After peaking in the September quarter last year, the
March quarter sales activity in the unit and townhouse
market has picked up from the sharp drop recorded over
the December quarter.
Buyer activity was most prominent in the $250,000 to
$350,000 price point, with preliminary sales numbers up
over the March quarter.
With some new townhouse sales still occurring in suburbs
such as Kearneys Spring and East Toowoomba, the overall
median unit sale price for the Toowoomba council area
was up 8.5 per cent over the quarter.
With investor activity now said to be easing somewhat,
total unit and townhouse listings has remained relatively
unchanged compared to a year ago, however average days
on market has continued to come down which indicates
buyer demand overall remains strong.
RENTAL MARKET
In Toowoomba vacancy rates have hit an all-time high
of 3.2 per cent up 0.9 percentage points since the end
of December last year. Whilst this rate is generally
considered a “healthy” level, Toowoomba’s rental market
has historically remained under 2 per cent for more than 7
years, with December 2011 the exception when vacancies
went slightly above at 2.1 per cent.
With more new stock coming onto the market, local
agents say there is an oversupply most notably with
unit rentals. This is also said to be exacerbated by high
expectations on rental returns by interstate investors
resulting in vacancies taking longer on the market.
Local agents say that the increasing vacancy rate is
behind the easing in investor activity, which has removed
some of the unthinking heat from the Toowoomba property
market.
21. 21
REGIONAL MARKET UPDATES
MARCH QUARTER 2015
SUNSHINE
COAST
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by CoreLogic RP Data.
58
117
54
119
<$350,000 $350,000+ $500,000+ $1m+
88
459
426
4662
443 445
55
<$350,000 $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA HOUSE SALES (p)
DEC 14 MAR 15
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by CoreLogic RP Data.
100
46
3
86
10
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
179
419
321
165
33
239
493
431
202
32
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
GOLD COAST UNIT SALES (p)
DEC 14 MAR 15
83
215
177
101
35
97
231 221
116
18
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA UNIT SALES (p)
DEC 14 MAR 15
<
<
<
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by CoreLogic RP Data.
19
14
18
23
<$250,000 $250,000+ $350,000+ $500,000+
344
59
19 4
339
81
29
3
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE SURROUNDS LAND SALES (p)
DEC 14 MAR 15
Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
91
36
9 9
73
17
9 8
<$250,000 $250,000+ $350,000+ $500,000+
GOLD COAST LAND SALES (p)
DEC 14 MAR 15
49
26
19
13
52
26
14 15
<$250,000 $250,000+ $350,000+ $500,000+
SUNSHINE COAST & NOOSA LAND SALES (p)
DEC 14 MAR 15
The Sunshine Coast continues to be one of the strongest
performing regional centres, with the housing market, unit
market and rental market all firing.
Both the unit and house sales market continue to see
activity trend upwards with preliminary sales numbers over
the year to March up 10 and 11 per cent respectively for the
Sunshine Coast council area.
Generally speaking, tourism numbers are rebounding to
the Sunshine Coast, recovering from a flat couple of years
and retailers and food precincts are reportedly doing well.
This is bringing renewed activity in the real estate market to
popular beachside areas and beyond.
HOUSE MARKET
Despite a strong year to March, the March quarter saw
preliminary house sales in the Sunshine Coast council
area ease 3 per cent. Noosa however saw sales edge
up 3 per cent compared to the December quarter, with
prestige sales contributing to Noosa’s median house price
increase of 8.7 per cent.
Over the year to March 2015 the median house price for
the Sunshine coast was up a healthy 6.1 per cent while
Noosa recorded 6.7 per cent, evidence that the market is
well and truly on the way back to solid ground.
Across the Sunshine Coast region, average days on
market, reflecting increasing buyer demand, has dropped
from 96 last year to 87 in the year to February 2015.
Average vendor discounting has likewise continued
to trend down, sitting at 5.9 per cent over the year to
February, down from 6.3 per cent a year ago.
Local agents are reporting that houses are receiving
multiple offers for the first time in many years and
many houses selling for full price, without any vendor
discounting.
Length of time on the market however, according to
local agents, depends on the quality and location of the
property. Some stock will sell within the first week, while
other listings may sit for lengthier periods.
Over the year to February 2015, total house listings for
the Sunshine Coast region were up 7 per cent indicating
growing confidence in the regions property market.
UNIT MARKET
Over the March quarter the Sunshine Coast and Noosa
unit markets recorded varying results. On the Sunshine
Coast sales numbers were up 16 per cent, while Noosa
saw sales drop 7 per cent.
Local agents contend this is a reflection of people
being forced to the unit market due to housing’s lack of
affordability. Those units that have been doing well are
those that are close to the beach in small complexes.
This market is said to be dominated by downsizers and
owner-occupiers, and features very few first-home buyers.
Local agents report a jump at the top end of the market,
with a few record sales in the two million and three million
price range, despite a drop off in overall activity in the
million-plus price point for the quarter.
One agent reported selling a $2.3 million apartment in
Maroochydore, not on the waterfront, believing it to be a
six-year record for the area.
RENTAL MARKET
On the Sunshine Coast vacancy rates were up 0.8
percentage points to 1.9 per cent at the end of March,
albeit still remaining a tight market. Caloundra continues
to hold the lowest vacancy rate, along with the Noosa
council area, at 1 per cent.
According to local agents supply of rentals is being
reduced as more investors take advantage of the
strengthening sales market, with many sold to owner-
occupiers.
Due to the ongoing demand on the Sunshine Coast and
minimal new investor stock coming onto the market,
median rents are on their way up in some areas, with
three-bedroom houses in the Noosa area recorded the
highest increase of $45 in its median weekly rent, to $440
for the March quarter 2015.