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REIQ
ISSUE22
QUEENSLANDMARKETMONITORISSUE22
MARCH QTR 2014
>p2
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QMM STATE-WIDE COMMENTARY
Proudly supported by:
Queensland’s key real estate markets are firmly in
recovery phase, with strong sales in the southeast
corner and a number of the state’s regional tourism
centres reflecting growing market confidence.
The continued trend upwards in sales activity, however,
is varied across the major local government areas, with
a tapering off activity recorded in the state’s regional
mining centres, resulting in a two-tiered effect for the
overall Queensland residential market.
According to the Australian Bureau of Statistics, the
number of dwellings financed was down over the month
of January, but over the remainder of the March quarter,
all buyer types recorded increased activity.
STRONG
SOUTHEAST
RECOVERY
2 QUEENSLAND MARKET MONITOR
HOUSE MARKETS
Southeast Queensland, including Toowoomba and
the state’s coastal tourism centres continue to show
strengthening market conditions, while the residential
property markets in regional mining centres of Gladstone
and Mackay have recorded easing conditions.
In Greater Brisbane, sales activity remained consistent
with the December quarter, however with a shift in
increased activity weighted towards the outer regions,
where the median house price was down 1.1 per cent.
Metropolitan Brisbane itself saw a drop of 7 per cent in
preliminary house sales numbers while activity was strong
elsewhere in the Brisbane statistical division.
Sales activity was most improved in the Moreton Bay
regional council area, which saw an increase of 7 per
cent in preliminary sales numbers over the March quarter.
Ipswich and Redland closely followed with both recording
an increase of 6 per cent.
The state’s tourism centres continue to perform strongly,
with all four regions – Gold Coast, Sunshine Coast, Fraser
Coast and Cairns – posting solid growth in their median
house prices. On the Sunshine Coast preliminary sales
numbers were up 4 per cent over the quarter, while over
the year to March, the Gold Coast was the star performer
with an increase of over 20 per cent. And while activity
was down slightly over the March quarter in Cairns, over
the year to March activity was up a healthy 15 per cent.
Median house price growth across these four tourism
regions have now begun trending upwards following two
consecutive quarters of positive results.
The state’s mining centres, however, continue to record
subdued market conditions with sales activity down
in Gladstone and Rockhampton by more than 10 per
cent. Despite the easing sales volumes in Gladstone,
median house prices have only recorded drops at an
annual moving trend of less than -2.0 per cent for the last
two quarters.
In the remaining regional centres of Toowoomba,
Townsville and Bundaberg, preliminary sales numbers
were generally steady or down slightly over the quarter.
However figures for the year ending March show a
strengthening Toowoomba market, with sales numbers up
18 per cent compared to the previous 12 months.
Queensland market update	 1
State-Wide Summary (cont’d)	2
REIQ Explanatory notes	 5
Brisbane market updates
Brisbane City	 6
Greater Brisbane	 11
Regional market updates
Gold Coast	 16
Toowoomba	19
Sunshine Coast	 21
Fraser Coast	 23
Bundaberg	25
Gladstone	27
Rockhampton	28
Mackay	30
Townsville	32
Cairns	34
Other Regional	 36
On The Market Indicators	 37
Average Vendor Discount	
Average Days on Market
Total Listings
Rental Market Indicators	 38
Gross rental yields	
Residential vacancy rates	
TABLE OF CONTENTS
REIQ
STATE-WIDE
SUMMARY CONTINUED
Median house
price growth
across these
four tourism
regions have
now begun
trending
upwards
Clarification:
The REIQ incorrectly
reported in a media
release issued on
Wednesday 21 May
that total house
sales numbers in
Queensland were up
8.3 per cent over the
March quarter 2014.
In fact, total house
sales numbers in
Queensland were
down 1.8 per cent
in this period. The
REIQ regrets any
inconvenience caused
by this error.
292 299
<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary sales, excluding agents advice sales where no sale price is disclosed.
Source: REIQ, data provided by RP Data.
770
1163 1148
669
116
858
1354 1411
811
107
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
QUEENSLAND UNIT SALES (p)
DEC 13 MAR 14
(p) Preliminary sales, excluding agents advice sales where no sale price is disclosed.
Source: REIQ, data provided by RP Data.
732
153
66 28 2
791
195
84
29 4
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
QUEENSLAND LAND SALES (p)
DEC 13 MAR 14
(p) Preliminary sales, excluding agents advice sales where no sale price is disclosed.
Source: REIQ, data provided by RP Data.
292 299
<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary sales, excluding agents advice sales where no sale price is disclosed.
Source: REIQ, data provided by RP Data.
770
1163 1148
669
116
858
1354 1411
811
107
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
QUEENSLAND UNIT SALES (p)
DEC 13 MAR 14
(p) Preliminary sales, excluding agents advice sales where no sale price is disclosed.
Source: REIQ, data provided by RP Data.
732
153
66 28 2
791
195
84
29 4
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
QUEENSLAND LAND SALES (p)
DEC 13 MAR 14
(p) Preliminary sales, excluding agents advice sales where no sale price is disclosed.
Source: REIQ, data provided by RP Data.
QUEENSLAND - PRICEPOINTS
3024
3632
2856
292
2865
3576
2896
299
<$350,000 $350,000+ $500,000+ $1m+
QUEENSLAND HOUSE SALES (p)
DEC 13 MAR 14
(p) Preliminary sales, excluding agents advice sales where no sale price is disclosed.
Source: REIQ, data provided by RP Data.
770
1163 1148
669
116
858
1354 1411
811
107
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
QUEENSLAND UNIT SALES (p)
DEC 13 MAR 14
(p) Preliminary sales, excluding agents advice sales where no sale price is disclosed.
Source: REIQ, data provided by RP Data.
732
153
66 28 2
791
195
84
29 4
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
QUEENSLAND LAND SALES (p)
DEC 13 MAR 14
(p) Preliminary sales, excluding agents advice sales where no sale price is disclosed.
Source: REIQ, data provided by RP Data.
MARCH QUARTER 2014 HOUSES (<2400) UNITS & TOWNHOUSES VACANT LAND (<2400)
LGA
MEDIAN
SALE
MAR14
QTRLY
CHANGE
SALES
ACTIVITY
TREND
MEDIAN
SALE MAR14
QTRLY
CHANGE
SALES
ACTIVITY
TREND
MEDIAN
SALE
MAR14
QTRLY
CHANGE
SALES
ACTIVITY
TREND
SOUTHEAST QLD
BRISBANE (SD) $460,000 -1.1% STEADY $385,000 0.0% UP $219,000 1.9% UP
BRISBANE CITY (LGA) $560,000 -0.4% DOWN $415,000 1.7% UP $320,000 -4.3% UP
IPSWICH CITY (LGA) $301,680 -2.1% UP $230,000 5.0% ~ t STEADY $172,000 -0.3% UP
LOGAN CITY (LGA) $352,000 2.0% STEADY $227,500 -5.2% UP $195,500 23.0% ~ * UP
MORETON BAY (LGA) $382,000 -1.5% UP $308,500 3.2% UP $211,635 -7.6% UP
REDLAND CITY (LGA) $460,000 1.0% UP $322,500 -8.1% ~ f UP $40,000 33.3% ~ f DOWN
GOLD COAST CITY (LGA) $500,000 4.2% ~ STEADY $350,000 2.9% UP $231,000 0.4% UP
SUNSHINE COAST (LGA) $465,000 2.0% UP $361,000 6.2% UP $245,000 0.4% UP
MAJOR REGIONAL QLD
TOOWOOMBA (LGA) $325,000 -1.2% STEADY $270,000 2.7% UP $172,000 11.0% ~ UP
FRASER COAST (LGA) $300,000 2.9% STEADY $270,000 22.7% * f UP $150,000 -5.4% ~ STEADY
BUNDABERG (LGA) $269,500 -3.8% ~ DOWN $234,500 -3.7% ~ STEADY $127,500 4.5% UP
GLADSTONE (LGA) $417,500 -0.6% DOWN N/A N/A STEADY $195,000 -6.3% * DOWN
ROCKHAMPTON (LGA) $329,500 3.0% DOWN $375,000 34.2% * f UP $179,500 -0.2% ~ DOWN
MACKAY (LGA) $405,000 -1.2% DOWN $316,000 14.2% ~ f STEADY $222,000 -1.3% UP
TOWNSVILLE (LGA) $364,000 2.0% STEADY $265,000 -5.4% ~ UP $166,000 3.3% STEADY
CAIRNS (LGA) $375,000 5.6% ~ DOWN $212,000 15.5% * t UP $175,000 2.9% UP
12MTHS
ENDING FEB-14
HOUSES (ALL) UNITS (ALL)
LGA
SALES
MAKING
PROFIT
DAYS
ON
MARKET
AVERAGE
VENDOR
DISCOUNT
SALES
MAKING
PROFIT
DAYS
ON
MARKET
AVERAGE
VENDOR
DISCOUNT
SOUTHEAST QLD
BRISBANE 93% 65 -5.7% 84% 77 -5.2%
IPSWICH 78% 90 -7.1% 63% 136 -7.3%
LOGAN 84% 81 -6.1% 74% 103 -7.1%
MORETON BAY 82% 80 -5.9% 63% 110 -6.2%
REDLAND 85% 75 -6.0% 77% 98 -5.2%
GOLD COAST 79% 79 -6.3% 61% 101 -7.5%
SUNSHINE COAST 77% 96 -6.3% 64% 111 -6.9%
MAJOR REGIONAL QLD
TOOWOOMBA 95% 71 -4.8% 92% 75 -4.4%
BUNDABERG 81% 84 -6.8% 52% 140 -7.9%
CAIRNS 78% 81 -6.3% 63% 109 -6.1%
FRASER COAST 74% 115 -7.6% 70% 134 -10.4%
GLADSTONE 85% 119 -9.5% 81% 110 -6.7%
MACKAY 86% 91 -8.0% 71% 117 -9.3%
ROCKHAMPTON 87% 92 -7.4% 54% 124 -9.7%
TOWNSVILLE 76% 90 -7.4% 50% 103 -7.8%
3
STATE-WIDE SUMMARY
MARCH QUARTER 2014
SEE PAGE 37 FOR FULL ON THE MARKET
STATISTICS BY LOCAL GOVERNMENT AREA
UNIT AND TOWNHOUSE MARKETS
Typically lagging behind the house market, the
Queensland unit and townhouse market has now also
begun its path to recovery, with sales volumes also up
across the state and the Greater Brisbane council areas
again recording the strongest increase in sales activity.
Unit sales were also strong in the tourism centres, with
the Cairns unit and townhouse market recording solid
buyer activity in the $250,000 to $350,000 price bracket,
contributing to an increase of 15.5 per cent in the region’s
median unit sale price to $212,000.
The Fraser Coast also posted a significant increase of 22.7
per cent in its median unit and townhouse sale price with
strong sales in the $350,000-plus bracket.
Prestige unit sales were also healthy on both the Gold and
Sunshine Coasts, with both recording solid median sales
price growth as well as overall unit sales activity.
According to local agents, investor confidence in the
Queensland residential property market continues to
strengthen, particularly from interstate investors who
continue to find better value for money in the Sunshine
State compared to those below the border.
RENTAL MARKETS
Following an easing in vacancy rates three months ago,
the majority of Queensland’s rental markets returned
to tighter conditions. Stronger tenant demand, coupled
with investor stock being sold to owner occupiers, were
common theme across the State.
The REIQ’s latest Residential Rental Survey, carried out
in March across all REIQ accredited agencies has found
that the majority of the state recorded lower vacancy rates
compared to three months ago.
Despite increased investor activity across Queensland,
local agents report increased number of sales of former
investment properties to owner-occupiers, reducing the
overall rental pool in some areas.
Queensland’s tourist centres and Toowoomba continue
to experience tight market conditions, however with the
slowdown in the mining industry the likes of Gladstone,
Mackay and Rockhampton continue to experience a
glut of vacancies, despite some improvement in their
respective vacancy rates.
According to the latest results from Residential Tenancies
Authority, median weekly rents remained relatively steady
in SEQ and the tourism centres. However in the mining
regions, where market conditions have been weak for a
year now, market rents are easing.
(-) steady (u) up (d) down * change greater than 0.5 pts
(-) steady (u) up (d) down * change greater than 0.5 pts
(-) steady (u) up (d) down * change greater than $20
STATE-WIDE
SUMMARY CONTINUED
4 QUEENSLAND MARKET MONITOR
STATE-WIDE SUMMARY
MEDIAN WEEKLY RENTS
LGA 3 BED H 2 BED F 3 BED T
SOUTH EAST QUEENSLAND
BRISBANE CITY $420 UP $400 UP $410 STEADY
IPSWICH CITY $300 UP $248 UP $310 UP
LOGAN CITY $330 STEADY $260 UP $330 STEADY
MORETON BAY $330 STEADY $280 UP $330 STEADY
REDLAND CITY $380 UP $320 UP $385 UP
GOLD COAST CITY $430 UP $360 UP $380 UP
SUNSHINE COAST** $400 UP* $320 UP $375 STEADY
MAJOR REGIONS
TOOWOOMBA $300 UP $245 UP $310 UP*
FRASER COAST $280 UP $225 UP $310 UP
BUNDABERG $285 UP $240 UP $290 DOWN
GLADSTONE $350 DOWN* $300 DOWN* $400 DOWN*
ROCKHAMPTON $310 DOWN* $240 DOWN* N.A. N.A.
MACKAY $370 DOWN* $290 DOWN* $380 DOWN*
TOWNSVILLE CITY 1 $350 STEADY $285 DOWN $295 DOWN
CAIRNS 1 $350 UP $280 UP $260 UP*
VACANCY RATES
LGA MAR 14 TREND
SOUTH EAST QUEENSLAND
BRISBANE CITY 2.3% DOWN*
IPSWICH CITY 1.8% STEADY
LOGAN CITY 1.2% DOWN*
MORETON BAY 1.5% DOWN
REDLAND CITY 1.6% DOWN*
GOLD COAST CITY 2.2% STEADY
SUNSHINE COAST 1.2% STEADY
MAJOR REGIONS
TOOWOOMBA 1.4% STEADY
FRASER COAST 2.5% DOWN*
BUNDABERG 4.5% STEADY
GLADSTONE 6.4% DOWN*
ROCKHAMPTON 6.0% DOWN*
MACKAY 7.5% STEADY
TOWNSVILLE CITY 4.7% STEADY
CAIRNS 2.2% STEADY
GROSS RENTAL YIELDS
LGA HOUSES UNITS
SOUTH EAST QUEENSLAND
BRISBANE CITY 3.9% STEADY 5.0% STEADY
IPSWICH CITY 5.2% STEADY 5.6% DOWN
LOGAN CITY 4.9% DOWN 5.9% UP
MORETON BAY 4.5% STEADY 4.7% STEADY
REDLAND CITY 4.3% STEADY 5.2% UP
GOLD COAST CITY 4.5% STEADY 5.3% STEADY
SUNSHINE COAST 4.5% STEADY 4.6% DOWN
MAJOR REGIONS
TOOWOOMBA 4.8% UP 4.7% STEADY
FRASER COAST 4.9% STEADY 4.3% DOWN*
BUNDABERG 5.5% UP 5.3% UP*
GLADSTONE 4.4% DOWN N/A N/A
ROCKHAMPTON 4.9% DOWN 3.3% DOWN*
MACKAY 4.8% STEADY 4.8% DOWN*
TOWNSVILLE CITY 5.0% STEADY 5.6% UP
CAIRNS 4.9% STEADY 6.9% DOWN*
SEE PAGE 38 FOR FULL RENTAL MARKET STATISTICS BY
LOCAL GOVERNMENT AREA
REIQ RESEARCH EXPLANATORY NOTES
SALES DATA
All figures for the most recent quarterly and yearly
periods are preliminary only and subject to further
revision as additional sales records become available (see
Research Methodology).
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.
Sales data for the new deamalgamated local government
areas is not yet available.
A median sale price is derived by arranging a set of sale
prices from lowest to highest and then selecting the
middle value within this set (ie the 50th percentile, where
half of recorded sales were less and half were higher than
the median).
Only suburbs and regions to record sufficient sales
numbers are published.
N/A
Due to insufficient sales numbers (as at the time of data
extraction) no median sale price has been calculated
(LGA) Local Government Area
Brisbane
(SD)
Brisbane Statistical Division which comprises the LGA’s
of Brisbane City, Ipswich City, Logan City, Moreton Bay
Regional and Redland City
^
Indicates acreage sales only (with land size greater than
2400m2
). All other data is based upon sales with a land
size of less than 2400 m2
~
Median price changes influenced by varying quality of
stock sold
*
Median price changes influenced by varying quantities
of new properties sold
f
Median price changes influenced by varying quantities
of waterfront properties sold
t
Medians affected by varying quantities of townhouses
sold
G
Sales volumes and median affected by QLD government
sales in the area eg ULDA, NRAS sales.
Y Median affected by high yielding property sales
1
Median price changes influenced by the varying
volumes of sales between the Mainland and Bay Islands
areas
PRICE POINT GRAPHS
All data contained within these graphs represent
preliminary sales numbers available as at five weeks
after the end of each quarterly period 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
(see Research Methodology).
Source: REIQ, data obtained from RPData (www.rpdata.com.au). Enquiries
about the reproduction of part or all of the information should be directed
to the Corporate Affairs Division, REIQ.
RENTAL DATA
All median weekly rents are published on a postcode
basis, as calculated by the Residential Tenancies
Authority, where sufficient data is available.
Caution should be exercised when interpreting any
median rental price data based upon a relatively small
number of new bond lodgements.
Figures for the new LGA's available for the current
quarter only.
L
Listed localities (or suburbs) represent one of potentially
several that fall within that postcode.
N.A.
Due to insufficient new bond lodgements, no median
rental price has been calculated
Source: Residential Tenancies Authority, Rental Bond lodgements
(www.rta.qld.gov.au)
GROSS RENTAL YIELDS
House yields are based upon REIQ median house prices
and RTA weighted median weekly rent for houses.
Unit yields are based upon REIQ median unit &
townhouse prices and RTA weighted median weekly rent
for units and townhouses.
VACANCY RATES
All figures are based upon all residential rentals as at
the end of each quarterly period, as submitted by REIQ
accredited agents.
A vacancy rate of 3 per cent is generally considered to
indicate equilibrium of supply and demand within a
rental market.
N/A
Due to insufficient information received no vacancy rate
has been calculated
Source: REIQ Residential Rental Survey
5MARCH QUARTER 2014
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.
Source: RP Data (www.rpdata.com.au)
146
787
1529
171112
722
1401
164
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE CITY HOUSE SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
908 939
362
14
973 972
409
18
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS HOUSE SALES (p)
DEC 13 MAR 14
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
115
517
418
6570
480 490
77
<$350,000 $350,000+ $500,000+ $1m+
GOLD COAST HOUSE SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
101
394
278
33
81
437
311
31
<$350,000 $350,000+ $500,000+ $1m+
SUNSHINE COAST HOUSE SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
(p) Prelim
Source: R
(p) Prelim
Source: R
(p) Prelim
Source: R
(p) Prelim
Source: R
47
294
560
314
44
330
651
371
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE CITY UNIT SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
132 132
79
36
182
207
99
43
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE SURROUNDS UNIT SALES (p)
DEC 13 MAR 14
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
204
380
292
192
235
447
391
241
<$250,000 $250,000+ $350,000+ $500,000+
GOLD COAST UNIT SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
74
187
132
7979
181
164
109
<$250,000 $250,000+ $350,000+ $500,000+
SUNSHINE COAST UNIT SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
(p) Prelim
Source: R
(p) Prelim
Source: R
(p) Prelim
Source: R
(p) Prelim
Source: R
16
32 28
1013
59
38
9
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE CITY LAND SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
220
49
14 7
243
53
21 5
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE SURROUNDS LAND SALES (p)
DEC 13 MAR 14
Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
45
24
3 6
64
26
5 6
<$250,000 $250,000+ $350,000+ $500,000+
GOLD COAST LAND SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
50
SUNSHINE COAST LAND SALES (p)
DEC 13 MAR 14
(p) Prelim
Source: RE
(p) Prelimi
Source: RE
(p) Prelim
Source: RE
BRISBANE
CITY
The Brisbane residential property market recorded mixed
results over the March quarter, with house sales activity
down 7 per cent and a steady median house price, while
unit sales activity was strong, up 13 per cent and increase
of 1.7 per cent in the median sale price.
With growing confidence in the property market, more
vendors who had been holding off in anticipation of better
market conditions are now bringing their properties onto
the market. As a result, the total number of listings for the
12 month period for both houses and units were up 1.6 per
cent compared to a year ago.
HOUSE MARKET
Despite a slowdown in activity for the quarter, preliminary
sales numbers for the year ending March were up 13 per
cent compared to the previous year.
Top performing suburbs were typically middle-to-outer ring
suburbs with sales activity up the highest for the suburbs
of Kedron, Wynnum West, Carseldine and Mitchelton.
According to local agents on Brisbane’s northside, the
benefits of improved infrastructure projects were starting
to flow onto local property prices.
Across Brisbane, median house price growth was most
prevalent in the middle-to-upper priced suburbs, evidence
that confidence in the local property market remains
strong. Suburbs from various parts of the city recorded
solid annual growth including Northgate, Hawthorne,
Macgregor and St Lucia, all with medians in excess of
$500,000.
Sales activity for the quarter eased across all price points,
however the $1 million dollar plus sector remained the
steadiest, with 164 preliminary sales recorded compared
to 171 during the December quarter. The $500,000-plus
price bracket remains the most popular recording 1,401
preliminary house sales during the period.
Average days on market for the capital city were also
markedly improved on a year ago, sitting at 65 days for
house sales.
UNIT AND TOWNHOUSE MARKET
Unlike the house market which saw an easing of activity,
the unit and townhouse market recorded a surge in
activity with strong interest in the new apartment sector.
With multiple new unit developments coming onto the
market, it was no surprise to see the Brisbane local
government area record the highest number of sales in
the $500,000 to $1 million price range, with 371 settled
unit sales recorded, 58 per cent of which were located
within inner Brisbane suburbs.
Over the March quarter the Brisbane CBD, New Farm and
Fortitude Valley recorded the highest number of unit sales.
Compared to the December quarter however, it was the
city’s middle-to-outer suburbs, such as Everton Park and
Carina that recorded the highest increase in activity.
RENTAL MARKET
In Brisbane, the overall vacancy rate for the metropolitan
area was back down to 2.3 per cent, as seen at the end
of September last year. Excluding the spike recorded in
December, the Brisbane vacancy rate has been around the
2 to 2.3 per cent mark for over 12 months now.
As expected, the Brisbane inner city rental market
returned to a healthier vacancy rate following a spike
in December. This however has reportedly largely been
a result of easing asking rents to ensure vacancies are
refilled quickly and also to compete with the new stock
coming onto the market. Local agents are also reporting
tenants deciding to move further out where they can
achieve a larger property for the same weekly rent.
6 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
7MARCH QUARTER 2014
BRISBANE MARKET UPDATES
JAMBOREE HEIGHTS 8 N/A N/A $421,000 9.1% 1.4%
JINDALEE ~ 21 $457,500 -15.3% $465,000 1.5% 4.5%
KANGAROO POINT ~ 4 N/A N/A $752,250 17.5% 15.7%
KARANA DOWNS 9 N/A N/A $392,500 1.9% 6.1%
KARANA DOWNS ^ 4 N/A N/A $445,000 -2.2% 0.0%
KEDRON 55 $595,000 -2.7% $580,000 12.6% 19.6%
KELVIN GROVE 9 N/A N/A $657,500 3.5% 6.8%
KENMORE 30 $590,000 -1.7% $570,000 9.4% 15.9%
KEPERRA 22 $450,000 6.1% $418,500 2.1% 5.9%
KURABY 16 $555,000 -5.9% $562,500 5.6% 15.6%
LOTA 7 N/A N/A $547,500 14.9% 23.7%
MACGREGOR 12 $607,300 5.1% $596,000 15.1% 24.2%
MACKENZIE 8 N/A N/A $645,000 5.7% N/A
MANLY 14 $692,500 9.4% $633,000 1.3% 11.6%
MANLY WEST 26 $515,000 10.8% $480,000 2.3% 2.5%
MANSFIELD 27 $565,000 0.4% $520,000 9.5% 19.4%
MCDOWALL ~ 18 $615,000 15.9% $557,000 3.1% 14.2%
MIDDLE PARK 6 N/A N/A $511,000 4.5% 4.4%
MITCHELTON ~ 30 $554,000 15.5% $535,000 5.9% 18.9%
MOGGILL 8 N/A N/A $503,000 3.7% 7.0%
MOOROOKA 27 $530,000 0.1% $515,000 3.4% 14.4%
MORNINGSIDE 28 $670,000 8.0% $618,500 7.8% 21.3%
MOUNT CROSBY ^ 6 N/A N/A $540,000 8.9% 8.0%
MOUNT GRAVATT ~ 11 $600,000 -5.5% $557,500 17.7% 20.9%
MOUNT GRAVATT EAST 37 $571,000 6.7% $515,000 10.2% 17.8%
MURARRIE 12 $504,500 0.6% $475,050 -3.1% 0.0%
NEW FARM ~ 14 $1,105,000 -7.3% $1,180,500 20.9% 32.6%
NEWMARKET 4 N/A N/A $690,000 3.8% 13.6%
NORMAN PARK ~ 18 $713,750 -16.0% $684,250 3.7% 6.9%
NORTHGATE 13 $551,000 4.0% $550,000 14.0% 12.5%
NUDGEE 10 $492,500 N/A $485,000 -5.1% 7.1%
NUNDAH 13 $610,500 -2.0% $616,000 3.9% 22.0%
OXLEY 18 $445,000 1.1% $455,000 4.6% 9.2%
PADDINGTON ~ 19 $990,000 7.8% $888,500 17.0% 26.9%
PARKINSON 38 $550,000 -2.7% $539,250 6.8% 16.0%
PULLENVALE ^ ~ 9 N/A N/A $927,500 1.4% -12.9%
RED HILL 14 $710,000 -5.6% $708,750 9.5% 11.6%
RIVERHILLS 8 N/A N/A $424,000 1.2% 7.3%
ROBERTSON 12 $784,000 N/A $717,500 7.9% 13.9%
ROCHEDALE 10 $800,000 N/A $682,660 N/A N/A
ROCKLEA 8 N/A N/A $322,500 8.6% -5.3%
RUNCORN 35 $482,500 7.8% $448,000 3.7% 12.0%
SALISBURY 20 $485,000 -2.9% $465,000 8.1% 13.4%
SANDGATE ~ 16 $620,000 11.9% $528,000 0.1% 11.2%
SEVEN HILLS 8 N/A N/A $619,500 6.7% 16.1%
SEVENTEEN MILE ROCKS ~ 11 $631,250 -3.8% $590,750 21.9% 25.7%
SHERWOOD 11 $632,000 4.5% $727,500 10.2% 11.9%
SHORNCLIFFE ~ 2 N/A N/A $735,000 23.1% 20.5%
SINNAMON PARK 12 $607,500 1.9% $575,000 2.4% 0.0%
ST LUCIA 7 N/A N/A $961,250 15.1% 20.9%
STAFFORD 24 $500,000 -3.1% $485,000 7.8% 7.8%
STAFFORD HEIGHTS 27 $496,000 -4.2% $496,000 12.7% 15.3%
STRETTON 14 $851,000 9.9% $660,000 0.8% 7.8%
SUNNYBANK 28 $612,500 4.3% $582,000 9.8% 16.4%
SUNNYBANK HILLS 43 $555,000 -3.6% $533,500 10.2% 25.5%
TAIGUM 14 $464,000 8.9% $425,000 -1.3% 3.7%
TARINGA 6 N/A N/A $750,000 0.1% 1.8%
TARRAGINDI 30 $575,500 -6.2% $575,000 4.7% 15.0%
THE GAP 56 $570,000 1.8% $570,000 6.5% 11.8%
TINGALPA 17 $439,000 -2.4% $440,500 2.1% 6.4%
TOOWONG 22 $683,750 -2.3% $706,000 8.6% -2.6%
UPPER KEDRON 11 $550,500 N/A $542,500 1.4% 8.5%
UPPER MOUNT GRAVATT 31 $519,000 3.8% $500,550 11.2% 17.8%
VIRGINIA 6 N/A N/A $450,000 4.7% 9.4%
WAKERLEY ~ 30 $715,500 11.1% $664,000 8.9% 16.1%
WAVELL HEIGHTS 39 $536,000 8.3% $540,000 8.0% 16.1%
WEST END ~ 1 N/A N/A $910,000 18.2% 22.1%
WESTLAKE 16 $670,000 8.1% $627,500 12.8% 18.4%
WILSTON ~ 13 $912,500 23.7% $788,500 -10.9% 12.5%
BRISBANE CITY (LGA) 2678 $560,000 -0.4% $547,500 5.9% 14.8%
BRISBANE CITY (LGA) ^ ~ 66 $787,500 -9.8% $875,000 -5.4% -2.8%
ACACIA RIDGE 24 $323,000 3.2% $315,000 6.8% 0.6%
ALBION 5 N/A N/A $674,500 N/A N/A
ALDERLEY 13 $657,500 6.0% $650,000 3.5% 12.9%
ALGESTER 23 $430,500 8.5% $420,000 4.5% 9.1%
ANNERLEY 19 $685,000 11.9% $597,500 14.7% 10.6%
ASCOT 8 N/A N/A $1,127,500 15.6% -5.8%
ASHGROVE 29 $785,000 2.6% $782,000 15.1% 24.1%
ASPLEY 39 $499,000 3.2% $487,750 0.8% 12.7%
AUCHENFLOWER 17 $787,500 0.3% $819,000 -3.4% 12.2%
BALD HILLS 26 $388,750 2.3% $372,500 4.9% 1.2%
BALMORAL 10 $910,000 9.6% $853,000 9.0% 18.2%
BANYO 15 $427,500 0.0% $425,000 6.6% 10.4%
BARDON ~ 38 $828,000 18.3% $734,000 -2.1% 3.6%
BELLBOWRIE 11 $484,000 N/A $450,000 9.1% 1.1%
BELMONT 7 N/A N/A $548,000 4.4% -1.5%
BOONDALL 26 $428,000 3.1% $418,000 5.6% 2.2%
BRACKEN RIDGE 46 $410,000 -3.0% $415,000 2.6% 5.1%
BRIDGEMAN DOWNS 18 $730,000 9.4% $670,000 4.7% 11.7%
BRIGHTON 32 $425,000 2.3% $410,000 2.5% 4.9%
BULIMBA ~ 16 $1,260,000 25.7% $980,000 7.7% 15.3%
BURBANK ^ 4 N/A N/A $1,018,500 N/A N/A
CALAMVALE 39 $530,000 -1.7% $531,000 6.0% 11.8%
CAMP HILL ~ 34 $675,000 -8.8% $685,000 12.3% 19.1%
CANNON HILL 18 $635,000 0.0% $595,000 8.2% 23.7%
CARINA ~ 26 $520,000 -7.2% $520,000 6.8% 14.7%
CARINA HEIGHTS ~ 10 $706,000 35.2% $575,750 14.6% 25.2%
CARINDALE 32 $665,000 -1.5% $685,000 5.4% 8.7%
CARSELDINE 32 $520,000 4.0% $520,000 2.0% 5.1%
CHANDLER ^ 1 N/A N/A $1,255,000 4.6% N/A
CHAPEL HILL 25 $698,500 -1.6% $648,000 7.1% 9.1%
CHELMER ~ 10 $650,000 -20.5% $800,000 -10.7% 13.5%
CHERMSIDE 11 $485,064 5.6% $485,000 5.4% 11.2%
CHERMSIDE WEST 14 $440,000 -6.4% $444,250 3.3% 3.3%
CLAYFIELD 19 $907,000 9.9% $812,500 1.6% -3.8%
COOPERS PLAINS 8 N/A N/A $465,000 13.1% 16.7%
COORPAROO 34 $705,000 1.1% $677,000 13.0% 17.0%
CORINDA ~ 10 $467,000 -28.7% $550,000 4.0% -1.8%
DARRA 7 N/A N/A $320,000 1.3% -4.2%
DEAGON 12 $382,000 N/A $370,000 -1.7% 5.7%
DOOLANDELLA 12 $405,000 N/A $411,000 14.3% 15.1%
DREWVALE 13 $462,000 10.7% $455,000 -2.3% 4.6%
DURACK 16 $358,650 -4.2% $340,000 5.4% 2.1%
EAST BRISBANE 6 N/A N/A $663,500 3.7% 8.4%
EIGHT MILE PLAINS 27 $651,000 6.9% $629,000 12.3% 22.7%
ENOGGERA 15 $580,000 6.7% $558,500 0.2% 7.4%
EVERTON PARK 23 $516,000 3.2% $501,000 9.5% 13.6%
FAIRFIELD 3 N/A N/A $555,000 6.7% -5.9%
FERNY GROVE ~ 13 $555,000 2.3% $540,000 16.1% 17.4%
FIG TREE POCKET ~ 12 $875,000 33.6% $800,000 7.7% 16.8%
FITZGIBBON 9 N/A N/A $398,500 6.3% -4.2%
FOREST LAKE 96 $401,500 2.7% $387,500 3.3% 4.3%
GAYTHORNE 5 N/A N/A $545,000 1.2% 1.3%
GEEBUNG 17 $491,000 9.8% $435,000 9.0% 7.9%
GORDON PARK 9 N/A N/A $647,000 8.3% 11.6%
GRACEVILLE 13 $650,000 7.4% $719,000 5.7% 19.8%
GRANGE 18 $735,000 4.3% $679,000 1.3% 11.6%
GREENSLOPES 16 $640,000 4.5% $590,000 2.2% 11.8%
HAMILTON ~ 7 N/A N/A $1,192,000 -14.9% -0.7%
HAWTHORNE ~ 13 $987,500 30.8% $955,000 24.0% 34.0%
HEATHWOOD 8 N/A N/A $568,500 N/A 10.4%
HEMMANT 13 $353,500 -0.4% $382,500 -0.8% -2.9%
HENDRA 19 $750,000 10.3% $760,000 7.0% 13.4%
HIGHGATE HILL 6 N/A N/A $800,000 8.1% 5.2%
HOLLAND PARK 25 $585,000 4.5% $555,000 7.6% 8.8%
HOLLAND PARK WEST 24 $545,000 -3.6% $557,000 2.9% 9.2%
INALA 14 $285,000 1.4% $281,500 2.4% -2.9%
INDOOROOPILLY ~ 20 $620,000 -25.7% $720,000 5.1% 12.9%
SALES MARKET - HOUSES (CONT’D)
SUBURB
NUMBER
OF SALES
MAR14
MEDIAN
SALE
MAR14
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
MAR14
1YR
CHANGE
5YR
CHANGE
SALES MARKET - HOUSES
SUBURB
NUMBER
OF SALES
MAR14
MEDIAN
SALE
MAR14
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
MAR14
1YR
CHANGE
5YR
CHANGE
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8 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
WINDSOR 20 $700,000 6.1% $692,500 7.8% 8.2%
WISHART ~ 28 $622,500 17.7% $548,000 6.0% 13.0%
WOOLLOONGABBA ~ 10 $621,500 -17.1% $600,500 -1.7% -7.6%
WOOLOOWIN ~ 14 $785,000 -1.3% $785,000 18.9% 28.7%
WYNNUM 37 $510,000 9.8% $510,000 2.2% 7.4%
WYNNUM WEST ~ 44 $466,750 11.1% $448,750 6.2% 2.0%
YERONGA 8 N/A N/A $647,500 5.3% -10.1%
ZILLMERE 24 $412,000 10.5% $381,500 6.6% 5.7%
SALES MARKET - HOUSES (CONT’D)
SUBURB
NUMBER
OF SALES
MAR14
MEDIAN
SALE
MAR14
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
MAR14
1YR
CHANGE
5YR
CHANGE
SALES MARKET - UNITS & TOWNHOUSES (CONT’D)
SUBURB
NUMBER
OF SALES
MAR14
MEDIAN
SALE
MAR14
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
MAR14
1YR
CHANGE
5YR
CHANGE
BRISBANE CITY (LGA) 1523 $415,000 1.7% $410,000 1.8% 7.9%
ALBION 8 N/A N/A $422,053 -21.5% 14.8%
ALDERLEY 8 N/A N/A $437,500 12.0% 19.8%
ALGESTER 5 N/A N/A $299,500 2.9% -3.4%
ANNERLEY ~ t 23 $496,500 36.0% $398,000 9.0% 15.1%
ASCOT 17 $420,000 9.2% $389,750 -0.1% -0.6%
ASHGROVE 13 $470,000 N/A $420,500 2.6% 14.3%
ASPLEY 7 N/A N/A $371,000 9.1% 8.5%
AUCHENFLOWER 11 $461,000 -1.4% $481,500 7.0% 12.9%
BALMORAL 7 N/A N/A $487,500 -6.7% 16.8%
BARDON 5 N/A N/A $530,000 -2.8% N/A
BOONDALL 1 N/A N/A $385,000 N/A N/A
BOWEN HILLS 12 $441,250 -2.5% $416,750 2.6% -1.7%
BRIDGEMAN DOWNS 4 N/A N/A $294,500 N/A N/A
BRIGHTON 5 N/A N/A $405,000 N/A N/A
BRISBANE CITY 116 $510,000 9.7% $485,000 6.6% 9.0%
BULIMBA ~ f 17 $495,000 -19.1% $575,000 1.8% 30.1%
CALAMVALE 13 $330,000 N/A $360,900 -2.3% 2.5%
CAMP HILL 3 N/A N/A $428,000 -9.9% 16.2%
CARINA 32 $415,000 -1.2% $425,000 10.4% 13.6%
CARINA HEIGHTS 21 $449,000 9.0% $435,000 1.9% 1.2%
CARINDALE 6 N/A N/A $400,500 -2.3% -20.5%
CARSELDINE 8 N/A N/A $367,000 -4.9% 6.4%
CHERMSIDE 27 $412,500 10.0% $405,000 9.8% 1.3%
CLAYFIELD 37 $390,000 0.6% $380,000 7.0% 9.5%
COOPERS PLAINS 3 N/A N/A $418,319 2.2% N/A
COORPAROO 39 $396,500 6.3% $382,500 4.1% 9.6%
CORINDA 5 N/A N/A $365,000 -2.4% 2.5%
DOOLANDELLA 9 N/A N/A $348,500 -0.3% N/A
DURACK 4 N/A N/A $350,000 -0.6% N/A
EAST BRISBANE 10 $380,000 N/A $406,250 -3.3% 9.8%
EIGHT MILE PLAINS 15 $402,500 4.5% $371,250 -2.0% 6.1%
ELLEN GROVE 2 N/A N/A $346,000 N/A N/A
ENOGGERA 10 $416,250 N/A $415,000 3.8% 3.9%
EVERTON PARK 30 $384,500 6.7% $380,000 -10.6% 10.1%
FAIRFIELD 9 N/A N/A $342,500 -20.2% -9.9%
FORTITUDE VALLEY 42 $427,000 3.5% $418,000 2.0% 11.5%
GAYTHORNE 10 $410,000 N/A $410,000 6.1% 20.6%
GORDON PARK 9 N/A N/A $376,000 11.7% 12.2%
GREENSLOPES 18 $372,500 4.8% $365,000 14.2% 2.8%
HAMILTON 26 $507,500 -3.3% $505,000 0.4% 18.8%
HAWTHORNE 12 $427,500 N/A $475,000 -1.0% 13.4%
HENDRA 5 N/A N/A $495,000 N/A N/A
HIGHGATE HILL ~ 11 $610,000 6.5% $549,000 22.0% 23.4%
HOLLAND PARK WEST 5 N/A N/A $366,000 N/A 4.6%
INDOOROOPILLY ~ t 24 $470,000 14.6% $424,750 -0.1% 3.0%
KANGAROO POINT ~ f 36 $455,000 -9.5% $508,000 6.6% 20.2%
KEDRON ~ 20 $340,000 -7.5% $347,250 6.5% 8.2%
KELVIN GROVE ~ 26 $453,000 -9.4% $490,000 0.0% 16.7%
KURABY 7 N/A N/A $294,500 4.2% -2.8%
LUTWYCHE 10 $380,000 N/A $396,250 -11.9% 20.0%
MANLY WEST 7 N/A N/A $342,500 -14.4% -12.5%
MCDOWALL 6 N/A N/A $399,000 N/A 5.0%
MILTON 8 N/A N/A $412,000 -16.8% 0.5%
MITCHELTON 1 N/A N/A $334,000 N/A -12.6%
MOOROOKA 10 $342,500 -6.2% $372,000 -0.3% 11.2%
MORNINGSIDE ~ t 37 $464,500 12.6% $451,250 6.2% 7.6%
MOUNT GRAVATT EAST 13 $397,000 N/A $414,250 9.0% 18.4%
MURARRIE 3 N/A N/A $568,500 -7.9% 15.5%
NEW FARM 51 $586,000 8.3% $530,000 9.3% 17.8%
NEWMARKET 7 N/A N/A $444,000 12.8% 11.0%
NEWSTEAD 11 $749,000 -1.4% $765,000 15.0% -15.5%
NORMAN PARK 4 N/A N/A $460,000 -0.1% -6.1%
NORTHGATE 7 N/A N/A $349,500 -16.8% -6.2%
NUNDAH 39 $406,500 -0.9% $415,000 10.7% 9.2%
PADDINGTON ~ 14 $358,000 -15.1% $464,500 -7.1% 7.7%
RED HILL 6 N/A N/A $400,000 N/A 3.2%
RICHLANDS 8 N/A N/A $336,000 0.3% N/A
ROCHEDALE 3 N/A N/A $380,000 -1.9% N/A
RUNCORN 18 $324,000 2.9% $330,000 -3.4% 3.9%
SHERWOOD 11 $450,000 N/A $438,250 6.9% 10.4%
SOUTH BRISBANE 22 $487,000 0.4% $475,000 5.0% 18.8%
SPRING HILL ~ 32 $310,250 -18.7% $362,000 -3.7% -4.7%
ST LUCIA 24 $478,500 6.6% $490,000 2.7% 11.4%
STAFFORD 11 $380,500 N/A $395,000 -1.3% 21.5%
SUNNYBANK HILLS 10 $340,500 N/A $320,000 -11.4% -1.5%
TAIGUM ~ t 10 $340,250 17.3% $315,000 6.8% -3.8%
TARINGA 38 $395,000 1.7% $401,500 -2.1% 5.7%
TENERIFFE 32 $650,000 6.6% $592,500 4.9% 13.9%
TENNYSON 4 N/A N/A $920,000 15.7% N/A
THE GAP 5 N/A N/A $449,000 N/A 6.5%
TINGALPA 12 $326,400 N/A $326,400 -0.3% 2.0%
TOOWONG 38 $455,000 9.6% $433,000 2.6% 8.3%
UPPER MOUNT GRAVATT 4 N/A N/A $358,500 -0.4% -10.4%
WAKERLEY 4 N/A N/A $432,400 3.0% 8.1%
WAVELL HEIGHTS 8 N/A N/A $370,000 N/A -10.8%
WEST END ~ f 23 $475,000 -7.8% $511,000 -1.9% -11.9%
WINDSOR ~ 13 $412,500 -13.2% $450,000 18.4% 32.2%
WISHART 5 N/A N/A $360,000 5.9% 4.0%
WOOLLOONGABBA 6 N/A N/A $400,000 -7.0% -8.0%
WOOLOOWIN 6 N/A N/A $370,000 9.6% 13.8%
WYNNUM 6 N/A N/A $365,000 -2.1% 2.8%
WYNNUM WEST * t 5 N/A N/A $373,500 38.3% 20.5%
YERONGA 13 $375,000 3.2% $405,500 -1.1% 5.5%
ZILLMERE * 25 $352,500 33.8% $351,750 -3.6% 7.7%
SALES MARKET - UNITS & TOWNHOUSES
9MARCH QUARTER 2014
BRISBANE MARKET UPDATES
4115 ALGESTER $410 17 $360 26
4116 CALAMVALE $415 17 $385 19
SOUTH EAST - INNER $460 314 $450 327
4151 COORPAROO $455 55 $440 43
4152 CAMP HILL $460 102 $450 106
4170 CANNON HILL $480 94 $435 100
4171 BALMORAL $560 43 $540 56
4172 MURARRIE $430 20 $430 22
SOUTH EAST - OUTER $400 47 $400 43
4154 GUMDALE $430 8 N.A. 4
4173 TINGALPA $400 25 $400 27
4174 HEMANT $400 8 $350 5
SOUTH WEST - INNER $450 169 $440 144
4068 CHELMER $480 79 $470 87
4075 CORINDA $430 90 $390 57
SOUTH WEST - OUTER $360 364 $360 383
4069 BROOKFIELD $445 50 $450 61
4070 ANSTEAD $385 10 $385 15
4073 SEVENTEEN MILE ROCKS $400 21 $390 21
4074 JINDALEE $400 67 $385 82
4076 DARRA $330 26 $330 32
4077 DOOLANDELLA $320 87 $310 59
4078 FOREST LAKE $355 103 $350 113
BRISBANE CITY $420 3234 $410 3365
BAYSIDE $400 139 $395 128
4178 WYNNUM $400 92 $395 87
4179 MANLY $415 47 $400 41
CITY INNER $530 334 $525 365
4000 BRISBANE CITY $580 31 $580 31
4005 NEW FARM $795 18 $650 16
4006 BOWEN HILLS $500 20 $475 13
4064 PADDINGTON $550 63 $560 78
4066 TOOWONG $490 68 $490 59
4067 ST LUCIA $500 32 $470 34
4101 WEST END $580 35 $550 34
4102 WOOLOONGABBA $485 21 $450 36
4169 EAST BRISBANE $510 46 $500 64
NORTH - INNER $470 382 $450 359
4007 ASCOT $500 22 $550 22
4010 ALBION $470 6 $450 13
4011 CLAYFIELD $500 43 $580 39
4012 NUNDAH $420 68 $400 65
4030 LUTWYCHE $485 61 $480 63
4031 GORDON PARK $420 53 $430 53
4051 ALDERLEY $470 127 $445 97
NORTH - OUTER $390 393 $380 438
4013 NORTHGATE $385 18 $400 19
4014 VIRGINIA $390 45 $390 47
4017 BRACKEN RIDGE $400 107 $370 107
4018 FITZGIBBON $390 30 $390 41
4032 CHERMSIDE $400 58 $395 57
4034 ASPLEY $390 113 $380 141
4036 BALD HILLS $365 22 $355 26
NORTH WEST - INNER $520 131 $530 174
4059 KELVIN GROVE $530 58 $550 90
4060 ASHGROVE $490 35 $470 42
4065 BARDON $500 38 $520 42
NORTH WEST - OUTER $420 277 $410 265
4053 STAFFORD $420 177 $410 175
4054 ARANA HILLS $410 59 $410 59
4061 THE GAP $425 41 $440 31
SOUTH - INNER $420 384 $420 409
4103 ANNERLEY $450 60 $450 70
4104 YERONGA $450 20 $450 18
4105 MOOROOKA $405 52 $410 44
4120 GREENSLOPES $450 20 $440 28
4121 HOLLAND PARK $430 92 $425 97
4122 MANSFIELD $405 136 $390 147
SOUTH - OUTER $380 300 $370 330
4106 ROCKLEA $380 17 $370 15
4107 SALISBURY $370 15 $390 32
4108 COOPERS PLAINS $375 23 $370 37
4109 MACGREGOR $390 81 $375 90
4110 ACACIA RIDGE $345 54 $340 47
4112 KURABY $360 11 $385 9
4113 EIGHT MILE PLAINS $380 65 $380 55
BRISBANE CITY (LGA) 119 $320,000 -4.3% $295,000 0.0% 7.3%
BRISBANE CITY (LGA) ^ ~ 3 N/A N/A $690,000 -8.0% 38.0%
BRIDGEMAN DOWNS 2 N/A N/A $369,000 5.4% 16.8%
BRIGHTON 4 N/A N/A $280,000 N/A N/A
CARSELDINE * 6 N/A N/A $368,750 22.9% 40.5%
DOOLANDELLA 3 N/A N/A $246,000 6.0% 8.4%
FITZGIBBON * G 9 N/A N/A $140,000 -25.1% N/A
HEATHWOOD 7 N/A N/A $265,000 N/A 8.4%
MOGGILL * 15 $270,000 N/A $265,000 8.2% 10.4%
OXLEY * 4 N/A N/A $285,000 N/A N/A
ROCHEDALE * 4 N/A N/A $397,000 16.8% N/A
UPPER KEDRON 2 N/A N/A $295,000 N/A 10.9%
BRISBANE CITY $400 5408 $395 5302
BAYSIDE $335 46 $320 62
4178 WYNNUM $350 36 $325 46
4179 MANLY $270 10 $295 16
CITY INNER $480 2284 $470 2188
4000 BRISBANE CITY $580 399 $590 309
4005 NEW FARM $500 299 $510 283
4006 BOWEN HILLS $490 284 $500 290
4064 PADDINGTON $410 82 $400 76
4066 TOOWONG $400 281 $400 329
4067 ST LUCIA $440 295 $420 274
4101 WEST END $510 340 $485 346
4102 WOOLOONGABBA $460 85 $430 75
4169 EAST BRISBANE $470 218 $460 203
NORTH - INNER $360 1027 $360 942
4007 ASCOT $420 175 $430 157
4010 ALBION $385 27 $410 33
4011 CLAYFIELD $360 173 $350 170
4012 NUNDAH $370 200 $365 177
4030 LUTWYCHE $350 166 $335 150
4031 GORDON PARK $340 84 $330 101
4051 ALDERLEY $350 202 $360 153
NORTH - OUTER $350 266 $350 262
4013 NORTHGATE $295 28 $270 19
4017 BRACKEN RIDGE $295 18 $330 23
4018 FITZGIBBON $315 13 $340 16
4032 CHERMSIDE $360 111 $385 121
4034 ASPLEY $360 92 $350 78
NORTH WEST - INNER $435 224 $420 264
4059 KELVIN GROVE $480 163 $440 202
4060 ASHGROVE $380 48 $395 47
4065 BARDON $310 13 $340 15
NORTH WEST - OUTER $380 97 $380 119
4053 STAFFORD $380 95 $380 115
SOUTH - INNER $360 504 $350 504
4103 ANNERLEY $350 134 $340 121
4104 YERONGA $350 45 $350 36
4105 MOOROOKA $350 61 $330 84
4111 NATHAN $300 7 $250 6
4120 GREENSLOPES $360 122 $360 127
4121 HOLLAND PARK $345 39 $340 40
4122 MANSFIELD $385 96 $390 90
SOUTH - OUTER $325 65 $320 77
4106 ROCKLEA $299 7 N.A. 3
4108 COOPERS PLAINS $182 9 $255 8
RENTAL MARKET - 3 BED HOUSES (CONT’D)
MAR-14 MAR-13
POSTCODE LOCALITIESL
MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
RENTAL MARKET - 3 BED HOUSES
MAR-14 MAR-13
POSTCODE LOCALITIESL
MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
SALES MARKET - VACANT URBAN LAND
SUBURB
NUMBER
OF SALES
MAR14
MEDIAN
SALE
MAR14
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
MAR14
1YR
CHANGE
5YR
CHANGE
RENTAL MARKET - 2 BED UNITS
it was no surprise to
see the Brisbane local
government area record the
highest number of sales in
the $500,000 to $1 million
price range
10 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
BRISBANE CITY $410 1859 $410 1824
BAYSIDE $395 77 $395 64
4178 WYNNUM $400 36 $390 36
4179 MANLY $395 41 $410 28
CITY INNER $570 90 $560 111
4000 BRISBANE CITY $550 8 N.A. 3
4006 BOWEN HILLS $520 13 $500 16
4064 PADDINGTON $600 10 $610 16
4066 TOOWONG $520 14 $560 19
4067 ST LUCIA $570 22 $530 33
4101 WEST END $660 10 $650 10
4169 EAST BRISBANE $570 8 $580 9
NORTH - INNER $490 139 $470 142
4007 ASCOT $580 14 $495 8
4011 CLAYFIELD $520 14 $550 19
4012 NUNDAH $450 20 $450 24
4030 LUTWYCHE $475 21 $475 10
4031 GORDON PARK $450 18 $460 17
4051 ALDERLEY $490 52 $470 64
NORTH - OUTER $390 195 $370 249
4013 NORTHGATE $410 15 $430 15
4017 BRACKEN RIDGE $365 36 $365 52
4018 FITZGIBBON $360 29 $370 26
4032 CHERMSIDE $430 36 $450 36
4034 ASPLEY $390 68 $390 61
4036 BALD HILLS $360 10 $284 59
NORTH WEST - INNER $500 29 $510 21
4059 KELVIN GROVE $500 18 $500 14
4060 ASHGROVE $490 7 N.A. 3
NORTH WEST - OUTER $420 49 $420 56
4053 STAFFORD $420 38 $420 49
4054 ARANA HILLS $385 10 N.A. 4
SOUTH - INNER $450 179 $440 168
4103 ANNERLEY $500 38 $470 30
4104 YERONGA $470 23 $465 22
4105 MOOROOKA $450 25 $440 19
4120 GREENSLOPES $510 25 $490 14
4121 HOLLAND PARK $450 5 $450 16
4122 MANSFIELD $420 62 $410 66
SOUTH - OUTER $390 458 $390 410
4107 SALISBURY $485 6 $475 6
4109 MACGREGOR $410 77 $410 71
4110 ACACIA RIDGE $340 56 $345 7
4112 KURABY $375 30 $370 21
4113 EIGHT MILE PLAINS $405 148 $400 165
4115 ALGESTER $385 46 $370 28
4116 CALAMVALE $385 92 $375 107
SOUTH EAST - INNER $480 259 $470 261
4151 COORPAROO $475 24 $500 14
4152 CAMP HILL $451 123 $440 124
4170 CANNON HILL $495 71 $480 88
4171 BALMORAL $610 29 $560 23
4172 MURARRIE $485 12 $495 12
SOUTH EAST - OUTER $410 87 $405 65
4153 BELMONT $435 12 $430 15
4154 GUMDALE $410 49 $410 28
4173 TINGALPA $385 24 $375 19
SOUTH WEST - INNER $475 111 $460 104
4068 CHELMER $525 55 $550 49
4075 CORINDA $410 56 $400 55
SOUTH WEST - OUTER $350 186 $350 173
4073 SEVENTEEN MILE ROCKS $425 9 $395 14
4074 JINDALEE $455 17 $440 26
4077 DOOLANDELLA $345 123 $345 94
4078 FOREST LAKE $360 29 $350 14
4109 MACGREGOR $400 38 $385 46
SOUTH EAST - INNER $375 440 $375 452
4151 COORPAROO $360 185 $360 190
4152 CAMP HILL $360 46 $370 41
4170 CANNON HILL $375 96 $380 127
4171 BALMORAL $425 109 $450 92
SOUTH EAST - OUTER $320 6 N.A. 3
4173 TINGALPA $320 5 N.A. 3
SOUTH WEST - INNER $385 426 $380 406
4068 CHELMER $385 358 $385 354
4075 CORINDA $365 68 $345 52
SOUTH WEST - OUTER $335 23 $325 23
4069 BROOKFIELD $395 5 N.A. 2
4076 DARRA $260 5 N.A. 4
4078 FOREST LAKE $340 12 $330 12
RENTAL MARKET - 2 BED UNITS (CONT’D)
MAR-14 MAR-13
POSTCODE LOCALITIESL
MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
RENTAL MARKET - 3 BED TOWNHOUSES
MAR-14 MAR-13
POSTCODE LOCALITIESL
MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
GREATER
BRISBANE
11MARCH QUARTER 2014
BRISBANE MARKET UPDATES
With the housing market in SEQ well into the recovery
phase, the greater Brisbane area continued to post strong
sales activity over the March quarter. Both the house and
unit markets recorded increases in activity as well as
shorter days on market compared to a year ago. Median
sale price growth was varied, but largely due to varying
segments of the market performing better than others.
HOUSE MARKET
Over the March quarter 2014 the Brisbane Statistical
Division recorded a drop of 1.1 per cent in its median
house price to $460,000. This was a result of strong sales
activity in the affordable outer suburbs.
Ipswich, Redland and Moreton Bay all recorded strong
sales activity growth, while Logan also recorded
healthy activity.
Median house price growth is still subdued, except for
Logan, where sale prices have been trending upwards for
three consecutive quarters now. With favourable market
conditions making vendors more confident, total listings
are up on 12 months ago, most notably in the Logan and
Moreton Bay regions.
In Ipswich where buyer demand is reportedly very strong,
listing numbers are down 5 per cent compared to a year
ago. Despite this, the region still has the highest days
on market for the greater Brisbane region as well as the
largest average vendor discount at 7.1 per cent.
According to local agents, investor levels remain
robust with many favouring houses over units, due to
better rental returns. Buyers demand is said to be most
prominent for houses priced up to $330,000 and this is
reflected in the price point data for the quarter, which saw
the sub-$350,000 bracket record the highest increase in
preliminary sales numbers.
Top increases in preliminary sales numbers were recorded
in Redbank Plains in Ipswich, Logan’s Shailer Park, North
Lakes in Moreton Bay and Victoria Point in Redland City.
With medians no higher than the mid-$400,000-mark,
these suburbs are increasing in popularity given good
value sale prices and access to local amenities and major
arterial roads.
UNIT AND TOWNHOUSE MARKET
The unit and townhouse market in the greater Brisbane
area is leading the way with sales activity up 18 per cent
across the region. Logan City and Moreton Bay local
government areas recorded the highest increases in
sales volumes, up 50 and 39 per cent respectively over the
March quarter.
Over the quarter, sales were up in Caboolture and North
Lakes, where some new townhouse developments have
proven popular with buyers. Capalaba in Redland City
also posted a healthy increase in sales volumes, as did
Marsden in Logan City and Goodna in Ipswich.
Average days on market for most of the surrounding
council areas have shortened compared to a year ago,
with Logan City and Redland City posting the best
improvement. Average vendor discounting for units and
townhouses has also reduced, with most areas recording
an improvement of at least 2.2 per cent.
RENTAL MARKET
As at the end of March, the greater Brisbane area saw the
largest decline in its vacancy rate, down to 1.9 per cent at
the end of March. Logan City and Redland City recorded
the largest drops, both down 0.8 percentage points to 1.2
and 1.6 per cent respectively.
Local agents had reported a slowdown in new residential
developments coupled with increased tenant demand. In
recent months however, a number of new developments
popular with investors have come onto the market, which
local agents say will keep a lid on asking rents.
Despite the tight rental conditions, median weekly rents
from the RTA have continued to remain relatively steady
over the March quarter.
12 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
SLACKS CREEK 29 $295,000 8.3% $282,000 4.4% -4.7%
SPRINGWOOD ~ 16 $418,500 -11.4% $416,000 4.0% 4.0%
TANAH MERAH 8 N/A N/A $370,000 -2.2% -2.6%
UNDERWOOD ~ 16 $480,000 12.1% $461,500 3.2% 19.2%
WATERFORD 4 N/A N/A $355,500 5.3% -8.4%
WATERFORD WEST 8 N/A N/A $285,000 1.8% -6.9%
WINDAROO 7 N/A N/A $400,000 N/A 2.6%
WINDAROO + ~ 12 $413,000 -14.0% $438,000 N/A 6.2%
WOODRIDGE ~ 30 $259,000 12.6% $247,500 7.6% -5.3%
YARRABILBA 6 N/A N/A $366,900 N/A N/A
MORETON BAY (LGA) 1077 $382,000 -1.5% $380,000 1.9% 2.7%
MORETON BAY (LGA) ^ ~ 125 $537,000 -5.4% $550,000 2.2% 0.0%
ALBANY CREEK 45 $505,500 -6.5% $505,000 6.8% 7.1%
ARANA HILLS ~ 18 $429,000 -10.6% $439,000 0.6% -0.2%
BANKSIA BEACH ~ f 30 $419,000 -3.1% $435,000 -11.2% -7.6%
BEACHMERE ~ f 12 $305,000 N/A $285,000 -5.0% -16.1%
BELLARA 9 N/A N/A $310,000 0.0% -3.7%
BELLMERE 20 $315,000 -2.3% $315,000 -1.6% -8.7%
BONGAREE ~ 20 $468,000 18.5% $387,500 7.9% 3.3%
BRAY PARK 31 $361,500 -2.3% $350,000 1.4% -0.6%
BURPENGARY ^ 6 N/A N/A $516,120 2.2% -1.7%
BURPENGARY ~ 28 $355,000 10.1% $340,000 1.1% -0.4%
BURPENGARY EAST ^ ~ 14 $520,000 -8.4% $503,650 -1.6% -1.6%
CABOOLTURE 46 $308,000 9.0% $282,750 -0.8% -5.8%
CABOOLTURE ^ 9 N/A N/A $443,500 0.2% -1.4%
CABOOLTURE SOUTH 18 $260,000 -9.6% $260,000 -0.1% -8.8%
CASHMERE 11 $650,000 N/A $602,500 11.6% 14.3%
CASHMERE ^ 2 N/A N/A $636,000 -3.5% -0.5%
CLONTARF 26 $374,000 2.5% $356,000 4.7% 1.7%
DAKABIN 7 N/A N/A $398,750 N/A N/A
DECEPTION BAY 49 $281,000 -4.9% $285,000 1.8% -9.4%
EATONS HILL 22 $547,750 6.9% $525,000 4.6% 4.0%
EATONS HILL ^ 4 N/A N/A $674,000 6.4% 0.1%
ELIMBAH ^ 4 N/A N/A $502,500 1.5% 5.0%
EVERTON HILLS 19 $481,600 3.9% $471,000 5.4% 12.4%
FERNY HILLS 22 $484,000 5.4% $452,000 2.7% 6.7%
GRIFFIN 10 $414,000 N/A $410,000 2.6% 6.4%
HIGHVALE ^ 2 N/A N/A $726,710 -4.4% 3.8%
JOYNER 5 N/A N/A $505,000 4.4% 9.5%
KALLANGUR 79 $343,500 6.8% $330,000 3.1% -2.9%
KIPPA-RING ~ 29 $357,500 -10.6% $355,000 1.4% 1.4%
LAWNTON ~ 17 $280,000 -13.8% $325,000 0.0% 0.0%
MANGO HILL 22 $448,000 9.3% $425,768 0.4% 1.9%
MARGATE 29 $371,150 0.3% $365,000 9.0% 6.8%
MORAYFIELD 37 $310,000 0.0% $300,000 2.7% -7.7%
MORAYFIELD ^ 10 $560,000 5.7% $505,000 5.4% -2.9%
MURRUMBA DOWNS ~ 26 $516,250 20.1% $437,500 4.2% 5.4%
NARANGBA 49 $415,000 -3.6% $415,500 0.4% 3.9%
NEWPORT ~ f 14 $820,000 39.7% $750,000 6.4% -10.4%
NINGI 6 N/A N/A $340,000 12.4% N/A
NINGI ^ 7 N/A N/A $475,000 2.7% -1.0%
NORTH LAKES 78 $439,000 -1.3% $438,900 2.1% -0.3%
PETRIE ~ 35 $355,100 -15.3% $360,350 0.1% 0.1%
REDCLIFFE ~ 21 $340,000 -23.6% $366,000 7.6% 1.7%
ROTHWELL ~ 18 $412,500 17.6% $360,000 2.0% -5.3%
SAMFORD VALLEY ^ 6 N/A N/A $810,000 1.3% 4.2%
SANDSTONE POINT 9 N/A N/A $380,000 5.6% -1.4%
SCARBOROUGH 32 $447,500 -4.2% $451,000 12.9% 17.1%
STRATHPINE 27 $346,500 -1.0% $341,000 6.6% 3.0%
UPPER CABOOLTURE 9 N/A N/A $316,500 2.9% -5.9%
UPPER CABOOLTURE ^ 5 N/A N/A $505,000 N/A 5.0%
WAMURAN ^ ~ 5 N/A N/A $460,000 0.0% -16.0%
WARNER 25 $466,250 2.9% $460,000 2.2% 4.5%
WOODY POINT ~ 18 $350,000 -21.8% $385,000 -3.3% 7.1%
WOORIM 9 N/A N/A $413,250 N/A 4.0%
BRISBANE (SD) 5317 $460,000 -1.1% $455,000 4.6% 11.5%
BRISBANE (SD) ^ 358 $550,000 0.5% $550,000 3.2% 1.9%
IPSWICH CITY (LGA) 486 $301,680 -2.1% $302,000 2.4% -2.6%
IPSWICH CITY (LGA) ^ ~ 30 $420,000 -10.6% $446,565 2.1% 0.4%
AUGUSTINE HEIGHTS 13 $473,400 5.5% $502,750 3.4% N/A
BELLBIRD PARK 5 N/A N/A $322,500 7.1% 0.0%
BOOVAL 5 N/A N/A $257,500 -1.0% -5.0%
BRASSALL 21 $331,000 8.5% $310,000 1.6% -9.8%
BUNDAMBA ~ 19 $235,000 -13.0% $269,500 9.1% -2.7%
CAMIRA 16 $317,500 -5.2% $330,000 -1.2% -1.5%
COLLINGWOOD PARK 27 $302,500 7.3% $298,500 -0.5% -8.9%
EAST IPSWICH 9 N/A N/A $238,500 -8.3% -13.3%
EASTERN HEIGHTS ~ 16 $288,000 14.7% $249,000 1.6% -6.7%
FLINDERS VIEW ~ 19 $349,000 -9.4% $349,500 10.3% -10.4%
GOODNA 16 $261,000 -6.8% $275,000 10.0% -8.3%
IPSWICH ~ 3 N/A N/A $320,000 16.4% 0.9%
KARALEE ^ 7 N/A N/A $505,000 1.8% 13.2%
LEICHHARDT 10 $219,000 2.5% $210,000 0.0% -14.3%
NEWTOWN 5 N/A N/A $308,000 N/A -4.6%
NORTH BOOVAL 6 N/A N/A $230,000 0.0% -13.2%
NORTH IPSWICH ~ 25 $230,000 -6.1% $230,000 -1.0% -18.9%
ONE MILE 7 N/A N/A $220,000 0.7% -13.9%
RACEVIEW 36 $288,500 -0.1% $286,250 -3.0% -7.7%
REDBANK PLAINS 54 $290,500 -0.3% $285,500 2.0% -6.1%
RIVERVIEW ~ 7 N/A N/A $212,250 N/A -16.8%
ROSEWOOD 8 N/A N/A $252,000 4.1% 0.8%
SILKSTONE ~ 14 $286,500 9.6% $265,000 9.1% -3.8%
SPRINGFIELD 17 $410,850 6.7% $385,000 6.9% 2.4%
SPRINGFIELD LAKES 66 $400,000 2.6% $385,000 1.2% -1.3%
WOODEND 4 N/A N/A $285,000 N/A -4.7%
YAMANTO 15 $337,500 0.4% $335,000 -0.7% 0.9%
LOGAN CITY (LGA) 605 $352,000 2.0% $343,000 3.9% 2.3%
LOGAN CITY (LGA) ^ 118 $520,000 3.0% $500,000 4.2% 1.0%
BEENLEIGH ~ 24 $290,000 -8.7% $285,000 1.8% -11.5%
BETHANIA 12 $286,500 N/A $282,500 -0.9% -5.8%
BORONIA HEIGHTS 15 $320,000 3.6% $303,000 -0.7% -0.7%
BROWNS PLAINS 13 $307,500 2.8% $310,000 5.1% 0.0%
BUCCAN ^ 2 N/A N/A $535,500 N/A -2.3%
CEDAR GROVE ^ 3 N/A N/A $416,500 9.6% 8.9%
CEDAR VALE ^ 11 $440,000 -1.7% $447,500 9.1% 6.0%
CHAMBERS FLAT ^ 3 N/A N/A $485,000 N/A -6.7%
CORNUBIA ^ 5 N/A N/A $650,000 N/A N/A
CORNUBIA ~ 28 $461,000 12.4% $455,000 -2.2% 3.4%
CRESTMEAD 27 $288,500 -3.8% $279,000 1.5% -5.7%
DAISY HILL ~ 21 $437,000 12.8% $405,000 8.0% 4.5%
EAGLEBY 17 $242,000 -1.4% $247,500 -1.0% -13.0%
EDENS LANDING 17 $348,500 2.9% $342,400 3.8% -1.9%
FORESTDALE ^ 5 N/A N/A $660,000 8.0% 10.0%
GREENBANK ^ 12 $484,000 -0.7% $506,000 3.3% -3.5%
HERITAGE PARK ~ 16 $392,500 -14.7% $377,500 -1.9% -0.7%
HILLCREST 9 N/A N/A $320,000 0.5% -3.0%
JIMBOOMBA 9 N/A N/A $368,000 3.7% -2.9%
JIMBOOMBA ^ ~ 20 $433,500 -8.7% $450,000 0.0% 1.1%
KINGSTON 29 $250,500 -3.7% $250,000 6.2% -7.8%
LOGAN CENTRAL 10 $270,000 4.4% $250,000 7.8% -5.8%
LOGAN VILLAGE ^ 5 N/A N/A $507,500 10.3% 6.8%
LOGANHOLME 16 $316,000 -4.2% $360,000 1.4% 4.3%
LOGANLEA 15 $310,000 N/A $283,500 -5.5% -5.5%
MARSDEN 22 $306,500 -2.7% $306,500 0.9% -1.1%
MEADOWBROOK 7 N/A N/A $349,900 -4.1% -6.7%
MOUNT WARREN PARK 17 $340,000 7.9% $340,000 3.5% -0.4%
MUNRUBEN ^ 6 N/A N/A $485,000 0.4% -4.5%
NEW BEITH ^ 7 N/A N/A $545,000 9.2% 3.3%
NORTH MACLEAN ^ ~ 6 N/A N/A $427,500 N/A -16.2%
REGENTS PARK 42 $356,000 -0.1% $353,000 1.1% 0.9%
ROCHEDALE SOUTH 41 $440,000 4.8% $425,000 10.4% 11.8%
SHAILER PARK 56 $463,000 -3.0% $455,500 1.9% 4.7%
SALES MARKET - HOUSES
SUBURB
NUMBER
OF SALES
MAR14
MEDIAN
SALE
MAR14
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
MAR14
1YR
CHANGE
5YR
CHANGE
SALES MARKET - HOUSES (CONT’D)
SUBURB
NUMBER
OF SALES
MAR14
MEDIAN
SALE
MAR14
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
MAR14
1YR
CHANGE
5YR
CHANGE
146
787
1529
171112
722
1401
164
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE CITY HOUSE SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
908 939
362
14
973 972
409
18
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS HOUSE SALES (p)
DEC 13 MAR 14
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
115
517
418
6570
480 490
77
<$350,000 $350,000+ $500,000+ $1m+
GOLD COAST HOUSE SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
101
394
278
33
81
437
311
31
<$350,000 $350,000+ $500,000+ $1m+
SUNSHINE COAST HOUSE SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
(p) Prelim
Source: R
(p) Prelim
Source: R
(p) Prelim
Source: R
(p) Prelim
Source: R
47
294
560
314
44
330
651
371
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE CITY UNIT SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
132 132
79
36
182
207
99
43
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE SURROUNDS UNIT SALES (p)
DEC 13 MAR 14
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
204
380
292
192
235
447
391
241
<$250,000 $250,000+ $350,000+ $500,000+
GOLD COAST UNIT SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
187
132
181
164
SUNSHINE COAST UNIT SALES (p)
DEC 13 MAR 14
(p) Prelim
Source: R
(p) Prelim
Source: R
(p) Prelim
Source: R
16
32
28
1013
59
38
9
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE CITY LAND SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
220
49
14 7
243
53
21 5
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE SURROUNDS LAND SALES (p)
DEC 13 MAR 14
Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
45
64
GOLD COAST LAND SALES (p)
DEC 13 MAR 14
(p) Prelim
Source: RE
(p) Prelim
Source: R
13MARCH QUARTER 2014
BRISBANE MARKET UPDATES
KALLANGUR 9 N/A N/A $286,750 -4.4% -11.8%
KIPPA-RING 8 N/A N/A $255,000 -1.2% -22.7%
LAWNTON 12 $210,000 N/A $209,000 -22.3% -18.7%
MANGO HILL 2 N/A N/A $340,000 -2.9% N/A
MARGATE 4 N/A N/A $310,000 3.0% -1.1%
MORAYFIELD 2 N/A N/A $287,500 -7.3% 13.4%
MURRUMBA DOWNS 7 N/A N/A $349,000 -0.3% 1.2%
NARANGBA 2 N/A N/A $335,000 N/A N/A
NORTH LAKES * t 18 $358,000 N/A $359,000 -1.6% -9.1%
REDCLIFFE 32 $310,000 -0.8% $330,000 -11.4% 1.5%
SANDSTONE POINT 9 N/A N/A $339,950 N/A -4.9%
SCARBOROUGH 20 $407,500 5.3% $381,500 5.7% 0.3%
STRATHPINE 8 N/A N/A $250,000 N/A -8.7%
WOODY POINT 9 N/A N/A $325,000 -6.5% -3.0%
REDLAND CITY (LGA) ~ f 79 $322,500 -8.1% $339,000 -1.7% 2.7%
CAPALABA 24 $285,000 5.6% $280,000 -6.4% -7.0%
CLEVELAND ~ f 19 $374,000 -11.0% $375,000 7.1% 4.5%
ORMISTON 8 N/A N/A $344,500 -24.7% 2.8%
THORNESIDE 9 N/A N/A $312,250 16.9% 0.7%
BRISBANE (SD) 2087 $385,000 0.0% $380,000 0.2% 8.3%
IPSWICH CITY (LGA) ~ t 49 $255,500 16.7% $263,250 -4.3% -2.1%
BRASSALL 7 N/A N/A $252,000 N/A -8.4%
GOODNA 9 N/A N/A $217,500 N/A -7.7%
REDBANK PLAINS 4 N/A N/A $217,500 -20.7% -11.2%
LOGAN CITY (LGA) 180 $227,500 -5.2% $250,000 -14.4% -1.2%
BEENLEIGH 7 N/A N/A $170,000 -8.1% -28.6%
EAGLEBY 10 $198,500 N/A $268,000 -13.0% -6.6%
LOGAN CENTRAL 11 $172,000 N/A $165,000 N/A -9.8%
LOGANLEA 3 N/A N/A $289,857 -8.9% 3.0%
MARSDEN 14 $259,000 N/A $329,000 0.0% N/A
ROCHEDALE SOUTH 10 $271,000 N/A $264,000 -4.0% -2.2%
SLACKS CREEK 9 N/A N/A $188,500 1.9% -20.8%
SPRINGWOOD 14 $231,500 N/A $249,500 -0.2% -5.8%
UNDERWOOD 7 N/A N/A $399,000 5.6% 8.0%
WATERFORD WEST 7 N/A N/A $185,000 N/A -17.8%
WOODRIDGE 25 $175,500 -1.1% $175,000 -1.1% -12.5%
MORETON BAY (LGA) 256 $308,500 3.2% $316,000 -3.4% 3.4%
ARANA HILLS 6 N/A N/A $371,800 9.2% N/A
BANKSIA BEACH 9 N/A N/A $399,800 17.6% 26.5%
BELLARA 4 N/A N/A $270,000 2.3% N/A
BONGAREE ~ f 13 $305,500 18.6% $287,000 -2.4% -2.7%
BRENDALE 13 $256,000 1.2% $255,000 -22.5% -11.4%
CABOOLTURE 20 $200,000 N/A $227,000 -5.8% -16.5%
CLONTARF ~ f 14 $455,000 12.1% $420,000 29.2% 27.3%
DECEPTION BAY 11 $223,750 N/A $220,000 1.6% -15.5%
GRIFFIN 0 N/A N/A $352,500 N/A N/A
REDLAND CITY (LGA) 471 $460,000 1.0% $459,000 2.5% 6.1%
REDLAND CITY (LGA) ^ ~ 19 $797,500 N/A $795,000 10.4% -0.6%
ALEXANDRA HILLS 56 $412,500 1.9% $400,000 3.9% 3.9%
BIRKDALE 38 $479,000 1.9% $470,000 5.6% 3.2%
CAPALABA 35 $408,900 -0.3% $412,500 2.7% 3.1%
CAPALABA ^ 4 N/A N/A $830,000 7.1% 12.9%
CLEVELAND 51 $550,000 5.8% $515,000 0.0% 0.0%
MACLEAY ISLAND ~ 17 $175,000 N/A $187,000 -13.6% -27.5%
MOUNT COTTON 15 $456,500 0.3% $456,500 -0.8% 3.3%
ORMISTON 22 $525,000 -4.2% $570,000 3.6% 0.9%
REDLAND BAY 49 $473,000 -2.5% $480,000 1.6% 0.0%
RUSSELL ISLAND ~ 14 $236,950 26.0% $190,000 8.6% -13.6%
SHELDON ^ ~ 7 N/A N/A $772,500 16.2% N/A
THORNESIDE 11 $435,000 N/A $390,000 -1.6% 1.0%
THORNLANDS ~ 38 $555,750 10.0% $515,000 1.5% 0.5%
VICTORIA POINT 65 $470,000 2.2% $464,750 5.6% 4.4%
WELLINGTON POINT ~ 48 $470,000 -9.2% $518,250 1.4% 6.9%
SURROUNDS
LOCKYER VALLEY (LGA) 25 $227,500 5.8% $240,000 -3.0% -5.9%
LOCKYER VALLEY (LGA) ^ 45 $334,250 -2.3% $326,000 -1.2% 0.3%
GATTON 15 $226,250 -6.8% $250,000 0.0% -9.1%
KENSINGTON GROVE ^ 4 N/A N/A $312,000 -2.5% -2.5%
LAIDLEY ~ 8 N/A N/A $212,500 -14.4% -11.5%
PLAINLAND ^ 3 N/A N/A $320,000 -2.3% -2.7%
REGENCY DOWNS ^ 4 N/A N/A $292,000 -1.4% -6.6%
WITHCOTT ^ 3 N/A N/A $362,500 3.1% N/A
SOMERSET (LGA) ~ 33 $244,000 -12.9% $260,000 0.0% 10.6%
SOMERSET (LGA) ^ ~ 41 $333,250 -14.3% $341,500 0.4% 1.5%
ESK 9 N/A N/A $217,500 N/A -1.1%
FERNVALE ^ 6 N/A N/A $396,750 N/A N/A
LOWOOD ^ 4 N/A N/A $280,000 N/A -8.2%
LOWOOD ~ 4 N/A N/A $267,000 -16.6% 17.1%
MINDEN ^ 6 N/A N/A $332,000 N/A 1.5%
TOOGOOLAWAH 8 N/A N/A $207,000 15.0% -4.4%
SALES MARKET - HOUSES (CONT’D)
SUBURB
NUMBER
OF SALES
MAR14
MEDIAN
SALE
MAR14
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
MAR14
1YR
CHANGE
5YR
CHANGE
SALES MARKET - UNITS & TOWNHOUSES (CONT’D)
SUBURB
NUMBER
OF SALES
MAR14
MEDIAN
SALE
MAR14
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
MAR14
1YR
CHANGE
5YR
CHANGE
SALES MARKET - UNITS & TOWNHOUSES
14 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
IPSWICH CITY $300 773 $290 802
4300 AUGUSTINE HEIGHTS $335 196 $330 202
4301 COLLINGWOOD PARK $310 109 $300 100
4303 DINMORE $270 30 $270 26
4304 BLACKSTONE $285 75 $270 99
4305 BASIN POCKET $280 287 $275 291
4306 AMBERLEY $300 53 $330 51
4340 ASHWELL $285 19 $280 30
LOGAN CITY $330 903 $330 950
4114 KINGSTON $315 163 $300 140
4118 BROWNS PLAINS $340 96 $330 106
4119 UNDERWOOD $385 9 $360 13
4123 PRIESTS GULLY $380 56 $370 50
4124 BORONIA HEIGHTS $330 48 $330 39
4125 MUNRUBEN $425 6 $400 7
4127 CHATSWOOD HILLS $350 94 $340 110
4128 KIMBERLEY PARK $380 26 $370 33
4129 LOGANDALE $350 22 $345 36
4130 CARBROOK $355 10 $385 10
4131 LOGANLEA $330 31 $340 39
4132 CRESTMEAD $325 86 $320 104
4133 CHAMBERS FLAT $360 28 $350 37
4205 BETHANIA $310 17 $310 23
4207 ALBERTON $330 186 $315 178
4280 JIMBOOMBA $360 23 $390 24
MORETON BAY REGIONAL $330 1042 $330 1095
4019 CLONTARF $350 72 $340 80
4020 NEWPORT $350 67 $340 62
4021 KIPPA-RING $340 24 $335 28
4022 ROTHWELL $350 21 $335 17
4035 ALBANY CREEK $400 24 $390 33
4055 BUNYA $430 37 $400 36
4500 BRAY PARK $350 90 $350 76
4501 LAWNTON $330 23 $330 24
4502 FRENCHS FOREST $330 26 $345 17
4503 DAKABIN $350 93 $340 96
4504 NARANGBA $330 28 $340 27
4505 BURPENGARY $335 27 $304 24
4506 MOORINA $290 59 $290 71
4507 BANKSIA BEACH $330 42 $320 61
4508 DECEPTION BAY $305 106 $295 104
4509 MANGO HILL $375 74 $370 81
4510 BALINGOOL $290 176 $285 188
4511 GODWIN BEACH $305 14 $310 21
4512 BRACALBA $330 5 $290 7
4514 BELLTHORPE $310 16 $300 16
4520 ARMSTRONG CREEK $440 9 $430 12
4521 CAMPBELLS POCKET $350 5 $370 6
REDLAND CITY $380 340 $365 338
4157 CAPALABA $380 42 $375 31
4158 THORNESIDE $375 8 $380 11
4159 AQUATIC PARADISE $390 23 $375 37
4160 EROBIN $400 31 $400 42
4161 ALEXANDRA HILLS $390 45 $370 38
4163 CLEVELAND $390 39 $380 39
4164 PINKLANDS $370 15 $390 11
4165 MOUNT COTTON $400 63 $375 54
4184 COOCHIEMUDLO ISLAND $235 71 $240 69
LOCKYER VALLEY REGIONAL $280 132 $270 122
4341 BLENHEIM $270 64 $270 51
4342 CROWLEY VALE $280 16 $260 15
4343 ADARE $290 42 $270 51
4344 CARPENDALE $250 5 N.A. 3
4347 GRANTHAM $260 5 N.A. 2
SOMERSET REGIONAL $260 60 $280 67
4311 ATKINSONS DAM $270 25 $265 29
4312 BRYDEN $220 9 $245 9
4313 BIARRA $230 13 $250 7
4515 GLENFERN $290 13 $295 22
BRISBANE (SD) 441 $219,000 1.9% $209,900 0.0% 2.9%
BRISBANE (SD) ^ 83 $265,000 -5.2% $260,000 -2.6% 4.2%
IPSWICH CITY (LGA) 57 $172,000 -0.3% $169,900 -2.9% 0.5%
IPSWICH CITY (LGA) ^ 10 N/A N/A $239,500 6.4% 0.4%
AUGUSTINE HEIGHTS 2 N/A N/A $200,000 -0.5% -10.0%
BELLBIRD PARK * 5 N/A N/A $185,000 -9.8% 8.5%
BRASSALL 2 N/A N/A $175,000 2.9% 0.0%
BUNDAMBA 1 N/A N/A $153,000 -1.3% N/A
DEEBING HEIGHTS 2 N/A N/A $150,000 -0.8% N/A
GOODNA 6 N/A N/A $185,000 2.8% 10.8%
KARALEE ^ 5 N/A N/A $255,000 N/A 6.9%
LEICHHARDT 6 N/A N/A $145,000 N/A N/A
RACEVIEW 2 N/A N/A $169,000 3.7% 0.3%
REDBANK PLAINS * 3 N/A N/A $140,000 -13.3% -17.1%
SPRINGFIELD LAKES 11 $166,000 N/A $175,000 -2.8% 10.1%
LOGAN CITY (LGA) ~ * 66 $195,500 23.0% $180,000 -7.7% -5.3%
LOGAN CITY (LGA) ^ ~ 22 $273,750 15.3% $247,500 -2.8% 6.7%
HOLMVIEW 5 N/A N/A $180,970 -2.1% -13.0%
JIMBOOMBA 5 N/A N/A $175,000 N/A 2.2%
JIMBOOMBA ^ * 3 N/A N/A $204,500 N/A 9.4%
LOGAN RESERVE * 7 N/A N/A $156,000 -1.9% N/A
MARSDEN 3 N/A N/A $180,000 -7.7% N/A
NEW BEITH ^ 4 N/A N/A $257,000 -2.5% 7.1%
REGENTS PARK 4 N/A N/A $225,000 N/A N/A
UNDERWOOD * 5 N/A N/A $372,000 29.2% 14.5%
WATERFORD 2 N/A N/A $179,000 -5.8% 3.5%
WOODHILL ^ 1 N/A N/A $217,450 N/A N/A
YARRABILBA * 9 N/A N/A $145,000 -11.0% N/A
MORETON BAY (LGA) 112 $211,635 -7.6% $209,760 1.3% 1.3%
MORETON BAY (LGA) ^ ~ 47 $270,000 -13.2% $266,000 -3.4% -8.3%
BANKSIA BEACH 11 $401,000 N/A $435,000 N/A -4.4%
BRAY PARK 4 N/A N/A $204,500 N/A -7.0%
BURPENGARY 1 N/A N/A $210,000 0.0% N/A
BURPENGARY EAST ^ 6 N/A N/A $311,250 N/A N/A
CABOOLTURE ^ * 6 N/A N/A $260,000 N/A N/A
CABOOLTURE ~ * 10 $165,950 -18.4% $180,000 -2.7% -7.5%
DAKABIN * 18 $200,000 N/A $197,250 -1.3% N/A
GRIFFIN *
MANGO HILL 6 N/A N/A $225,000 7.1% 3.0%
MORAYFIELD 5 N/A N/A $172,000 -8.3% -9.2%
MURRUMBA DOWNS 3 N/A N/A $247,000 N/A 7.4%
NARANGBA 8 N/A N/A $199,875 1.5% -4.8%
NORTH LAKES 9 N/A N/A $222,620 4.3% 7.0%
WAMURAN ^ * 13 $235,000 N/A $235,000 N/A N/A
WARNER * 4 N/A N/A $225,000 -0.9% 0.0%
WOODFORD ^ 3 N/A N/A $204,250 N/A N/A
REDLAND CITY (LGA) ~ f 87 $40,000 33.3% $87,500 -62.8% 16.7%
MACLEAY ISLAND ~ f 14 $26,500 11.6% $25,750 -26.4% -61.7%
MOUNT COTTON 3 N/A N/A $250,000 -2.7% 1.7%
REDLAND BAY 4 N/A N/A $263,750 -0.5% -0.5%
RUSSELL ISLAND * f 35 $22,000 4.8% $20,000 -13.0% -63.6%
THORNLANDS 12 $280,500 -1.1% $280,000 1.8% N/A
VICTORIA POINT 3 N/A N/A $267,500 N/A -6.1%
WELLINGTON POINT * 4 N/A N/A $330,000 N/A N/A
SURROUNDS
LOCKYER VALLEY (LGA) 11 N/A N/A $99,000 -23.6% -13.9%
LOCKYER VALLEY (LGA) ^ 10 N/A N/A $120,000 0.0% -9.1%
HATTON VALE ^ 0 N/A N/A $136,000 -4.7% N/A
LAIDLEY NORTH * 9 N/A N/A $100,000 N/A N/A
WITHCOTT ^ * 2 N/A N/A $147,000 N/A N/A
SOMERSET (LGA) 7 N/A N/A $135,000 -1.5% 5.5%
FERNVALE 4 N/A N/A $142,000 -3.4% 10.9%
SALES MARKET - VACANT LAND (CONT’D)
SUBURB
NUMBER
OF SALES
MAR14
MEDIAN
SALE
MAR14
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
MAR14
1YR
CHANGE
5YR
CHANGE
RENTAL MARKET - 3 BED HOUSES (CONT’D)
MAR-14 MAR-13
POSTCODE LOCALITIESL
MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
With the housing market in
SEQ well into the recovery
phase, the greater Brisbane
area continued to post strong
sales activity over the March
quarter
Find out more
EXPERTS’ GUIDE
TO BUYING PROPERTY
INFORMATION CAN BE HARD TO FIND
BRISBANE - Sat 23 Aug - AND - Sat 11 Oct
15MARCH QUARTER 2014
BRISBANE MARKET UPDATES
IPSWICH CITY $310 134 $305 110
4300 AUGUSTINE HEIGHTS $330 56 $350 30
4301 COLLINGWOOD PARK $310 20 $300 20
4304 BLACKSTONE $305 26 $300 30
4305 BASIN POCKET $305 30 $315 29
LOGAN CITY $330 455 $330 380
4114 KINGSTON $320 61 $310 48
4118 BROWNS PLAINS $340 66 $340 56
4119 UNDERWOOD $380 16 $350 11
4123 PRIESTS GULLY $350 7 $350 11
4127 CHATSWOOD HILLS $320 51 $320 47
4128 KIMBERLEY PARK $350 7 $320 12
4130 CARBROOK $370 5 N.A. 3
4131 LOGANLEA $350 29 $350 17
4132 CRESTMEAD $340 67 $340 43
4133 CHAMBERS FLAT $315 22 $315 27
4207 ALBERTON $320 121 $320 96
MORETON BAY REGIONAL $330 605 $330 496
4019 CLONTARF $340 15 $310 17
4020 NEWPORT $335 12 $320 11
4021 KIPPA-RING $335 49 $325 65
4035 ALBANY CREEK $380 8 $380 5
4500 BRAY PARK $340 40 $335 39
4501 LAWNTON $300 5 $340 10
4502 FRENCHS FOREST $320 11 $320 18
4503 DAKABIN $340 183 $335 134
4504 NARANGBA $340 7 $340 14
4505 BURPENGARY $295 38 $315 28
4506 MOORINA $310 19 $300 20
4508 DECEPTION BAY $300 84 $305 43
4509 MANGO HILL $345 111 $340 48
4510 BALINGOOL $290 19 $290 28
REDLAND CITY $385 114 $380 82
4157 CAPALABA $370 17 $350 6
4158 THORNESIDE $385 24 $380 9
4159 AQUATIC PARADISE $415 5 N.A. 4
4160 EROBIN $385 21 $375 11
4163 CLEVELAND $400 28 $370 30
4165 MOUNT COTTON $390 16 $385 16
LOCKYER VALLEY REGIONAL N.A. 7 N.A. 9
4343 ADARE $250 6 $275 8
IPSWICH CITY $248 155 $245 132
4300 AUGUSTINE HEIGHTS $255 37 $260 27
4301 COLLINGWOOD PARK $260 21 $260 16
4304 BLACKSTONE $240 15 $220 22
4305 BASIN POCKET $240 77 $240 66
LOGAN CITY $260 167 $255 213
4114 KINGSTON $250 52 $250 65
4127 CHATSWOOD HILLS $310 19 $320 27
4128 KIMBERLEY PARK $290 10 $285 6
4131 LOGANLEA $260 6 $260 8
4133 CHAMBERS FLAT $239 6 $172 15
4207 ALBERTON $260 57 $250 73
4280 JIMBOOMBA $265 5 N.A. 2
MORETON BAY REGIONAL $280 460 $270 465
4019 CLONTARF $280 71 $265 71
4020 NEWPORT $310 82 $310 84
4500 BRAY PARK $290 33 $285 22
4501 LAWNTON $280 11 $270 10
4503 DAKABIN $280 48 $275 42
4505 BURPENGARY $285 6 $265 9
4506 MOORINA $265 12 $205 22
4507 BANKSIA BEACH $285 69 $265 64
4508 DECEPTION BAY $260 11 $290 19
4509 MANGO HILL $300 18 $300 9
4510 BALINGOOL $255 81 $240 86
REDLAND CITY $320 72 $310 82
4157 CAPALABA $320 7 $225 19
4158 THORNESIDE $295 5 $295 6
4159 AQUATIC PARADISE $304 5 $320 8
4160 EROBIN $300 7 $325 6
4163 CLEVELAND $350 37 $345 33
4165 MOUNT COTTON $173 5 N.A. 4
LOCKYER VALLEY REGIONAL $240 15 $230 25
4343 ADARE $240 10 $230 20
RENTAL MARKET - 2 BED UNITS
MAR-14 MAR-13
POSTCODE LOCALITIESL
MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
RENTAL MARKET - 3 BED TOWNHOUSES
MAR-14 MAR-13
POSTCODE LOCALITIESL
MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
16 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
Prestige acreage house sales were also selling well,
resulting in the Gold Coast’s acreage house price
increasing 9 per cent to $687,000 for the March quarter.
Investors are said to be increasingly active, with many
looking to purchase affordably priced low rise properties
priced and mid-range prices in high rise apartments.
UNIT AND TOWNHOUSE MARKET
The Gold Coast unit and townhouse market performed
strongly over the quarter, with preliminary sales numbers
up 19 per cent and the median unit price up 2.9 per
cent to $350,000. All price points recorded an increase
in activity over the quarter with the highest increase in
demand recorded in the $350,000-plus price bracket, up 34
per cent.
Prestige waterfront unit sales were also selling well with
strong demand for properties located in the suburbs of
Palm Beach, Paradise Point, Main Beach and Southport.
New unit sales were also up in the suburb of Biggera
Waters with sales in two highrise developments located
within the Harbour Quays Estate.
According to local agents, the $670 million revamp
of Pacific Fair shopping centre is creating jobs and
fuelling demand for rental properties. After Southport
and Labrador, Broadbeach recorded the third highest
preliminary unit sales numbers for the quarter.
RENTAL MARKET
According to the REIQ’s March rental survey, tenant
demand on the Gold Coast remains high, however
increased investor activity is reportedly helping offset this,
seeing the vacancy rate easing to 2.2 per cent.
Despite the increase in rental stock, some local agents
say these are the tightest conditions they’ve seen in a
few years, with vacancies taking only 1 to 2 weeks on the
market.Median weekly rents from the RTA are up, with
three bedroom house rentals posting an increase of $15
and two bedroom units up $10 for the March quarter
compared to 12 months ago.
HOUSE SALES MARKET
Over the March quarter 2014, the Gold Coast residential
property market was one of the star performers with
solid median house price growth and consistent sales
activity. Over the year to March, the Gold Coast recorded
the highest increase in sales activity of all major local
government areas, with preliminary sales numbers
showing an increase of around 20 per cent.
With growing confidence in the Gold Coast market, the
median house price increased 4.2 per cent to $500,000
with the $500,000-plus price bracket taking over as the
most popular price point, after posting an increase of 17
per cent in preliminary sales numbers. The one million
dollar plus price bracket also recorded strong increased
activity, while the affordable end of the market saw a
decline in activity.
According to local agents, the Gold Coast market was
starting to show signs of turning the corner and this was
reflected by solid median price increases. And while
buyers were still somewhat cautious, properties that
stacked up were selling well.
Strong demand was evident for properties in suburbs
surrounding the Gold Coast Health and Knowledge
Precinct, with sales activity up the highest for the nearby
suburbs of Southport, Ashmore, Labrador and Parkwood
over the year to March.
Sales over the year were also strong for the northern
corridor suburbs of Ormeau, Upper Coomera, Helensvale
and Oxenford.
Properties are spending less time on the market with both
houses and units recording lower average days on market
compared to 12 months ago. Average vendor discounting
was also improved, showing growing confidence in the
market from both buyers and sellers.
Local agent’s report increasing demand for prestige
property with many properties selling well above the
reserve price at auction, with waterfront property in
particular selling well.
Such sales were seen in the suburbs of Biggera Waters,
Currumbin Waters and Paradise Point, resulting in
significant increases in their median house price over the
March quarter.
GOLD COAST
17
REGIONAL MARKET UPDATES
MARCH QUARTER 2014
GOLD COAST CITY (LGA) 101 $231,000 0.4% $230,000 1.7% -4.2%
GOLD COAST CITY (LGA) ^ ~ 8 N/A N/A $354,250 1.2% -25.4%
COOMERA * 8 N/A N/A $225,000 N/A -4.3%
GILSTON * 11 $257,000 N/A $250,000 13.6% 8.3%
ORMEAU 6 N/A N/A $225,000 0.0% 0.1%
ORMEAU HILLS 7 N/A N/A $214,900 2.3% N/A
PIMPAMA * 28 $216,500 -3.3% $220,000 -4.6% N/A
REEDY CREEK 7 N/A N/A $309,000 N/A -0.3%
UPPER COOMERA 13 $229,450 N/A $226,750 3.1% -5.5%
WILLOW VALE 3 N/A N/A $195,000 N/A N/A
SURROUNDS
SCENIC RIM (LGA) 3 N/A N/A $178,100 -0.8% -2.1%
SCENIC RIM (LGA) ^ 11 N/A N/A $216,500 8.8% 28.1%
GOLD COAST CITY (LGA) 1454 $350,000 2.9% $350,000 1.4% -4.1%
ARUNDEL 9 N/A N/A $305,000 2.5% -1.6%
ASHMORE 17 $293,750 N/A $262,500 -0.5% -12.2%
BENOWA 23 $423,280 -0.4% $465,000 -16.2% -1.6%
BIGGERA WATERS * f 43 $316,000 12.9% $384,000 20.0% 15.0%
BILINGA ~ f 8 N/A N/A $428,750 24.8% -27.9%
BROADBEACH ~ f 78 $380,000 -8.2% $401,000 -20.2% -8.8%
BROADBEACH WATERS ~ f 8 N/A N/A $386,000 21.6% -3.5%
BUNDALL 6 N/A N/A $355,000 15.4% 1.4%
BURLEIGH HEADS 54 $391,000 -5.1% $370,000 2.8% -8.6%
BURLEIGH WATERS 27 $337,500 5.8% $330,000 6.5% -12.0%
CARRARA 31 $374,000 -7.2% $375,000 -5.8% -7.4%
CLEAR ISLAND WATERS 7 N/A N/A $444,500 1.0% 18.5%
COOLANGATTA 37 $400,000 5.3% $375,000 -5.1% -16.7%
COOMBABAH 21 $320,000 5.6% $299,000 -0.3% -3.5%
COOMERA - t * 23 $240,055 3.9% $236,000 -22.6% -15.7%
CURRUMBIN 10 $370,000 N/A $380,000 -6.2% -19.6%
CURRUMBIN WATERS 10 $343,500 9.0% $300,000 7.1% -8.3%
ELANORA 17 $304,000 -0.7% $293,000 5.6% -5.5%
HELENSVALE ~ t f 14 $400,000 24.6% $325,000 0.0% -11.7%
HIGHLAND PARK 3 N/A N/A $276,000 N/A -2.4%
HOPE ISLAND 71 $497,500 -3.4% $490,000 -4.3% -19.7%
LABRADOR 98 $322,500 5.7% $310,000 8.8% -1.6%
MAIN BEACH ~ f 34 $657,500 27.1% $585,000 10.8% -6.4%
MERMAID BEACH ~ f 26 $292,000 -13.2% $333,500 5.0% -7.4%
MERMAID WATERS ~ 20 $262,750 -17.9% $292,000 -0.2% -7.2%
MERRIMAC ~ t 18 $280,000 N/A $377,500 25.8% 21.8%
MIAMI 29 $345,000 -1.4% $340,000 -0.7% -5.6%
MUDGEERABA 21 $281,000 N/A $321,000 4.2% -4.2%
NERANG ~ 35 $255,000 -10.5% $270,000 6.4% -6.4%
ORMEAU 10 $273,000 N/A $302,500 -7.2% -14.9%
OXENFORD 16 $265,500 N/A $265,000 8.8% -5.4%
PACIFIC PINES ~ 21 $320,000 -11.1% $365,000 5.8% 0.0%
PALM BEACH ~ f 38 $375,000 32.0% $337,500 9.2% -4.9%
PARADISE POINT ~ f 23 $545,000 28.2% $540,000 -5.3% 25.9%
PIMPAMA 9 N/A N/A $361,400 -7.1% N/A
REEDY CREEK ~ 16 $316,500 17.2% $275,000 3.8% -7.7%
ROBINA 37 $397,500 3.6% $415,260 -1.1% -5.6%
RUNAWAY BAY ~ f 35 $435,000 -16.3% $435,000 7.4% 3.6%
SOUTH STRADBROKE 2 N/A N/A $140,000 N/A N/A
SOUTHPORT ~ f 122 $340,000 18.9% $327,000 9.0% -12.0%
SURFERS PARADISE 207 $330,000 1.5% $350,000 0.6% -10.6%
TUGUN 19 $358,000 -0.6% $360,000 4.3% -13.5%
UPPER COOMERA - 13 $305,000 8.9% $293,000 5.0% -7.0%
VARSITY LAKES 37 $390,000 5.4% $365,000 3.5% -7.6%
GOLD COAST CITY (LGA) ~ 1243 $500,000 4.2% $485,000 4.3% 3.2%
GOLD COAST CITY (LGA) ^ ~ 124 $687,000 9.0% $660,000 6.5% -1.5%
ARUNDEL 31 $452,500 -1.6% $460,000 -3.2% -3.2%
ASHMORE ~ 43 $506,000 16.9% $455,000 4.6% -1.1%
BENOWA 20 $674,000 -2.5% $688,750 8.5% -1.6%
BIGGERA WATERS ~ f 13 $730,000 58.4% $557,500 17.4% 11.5%
BONOGIN ^ 10 $525,000 N/A $570,000 -0.4% -8.1%
BROADBEACH WATERS 33 $815,000 -6.1% $800,000 15.8% -1.5%
BUNDALL 29 $735,000 -2.0% $756,000 8.7% -11.6%
BURLEIGH HEADS ~ 16 $562,500 -8.5% $585,000 16.3% 11.2%
BURLEIGH WATERS 37 $575,000 -0.7% $561,500 8.0% 5.0%
CARRARA ~ 31 $479,250 14.8% $439,000 6.4% 2.1%
CLEAR ISLAND WATERS 14 $905,000 7.4% $801,500 6.9% -5.7%
COOMBABAH 30 $391,000 4.6% $390,000 -2.5% -2.0%
COOMERA ~ f 18 $409,000 -15.5% $354,026 1.2% -9.2%
CURRUMBIN 6 N/A N/A $637,500 2.8% N/A
CURRUMBIN VALLEY ^ 8 N/A N/A $785,000 10.1% N/A
CURRUMBIN WATERS ~ f 23 $525,000 23.0% $502,500 11.7% 5.1%
ELANORA 25 $535,000 8.1% $490,000 7.1% 2.1%
HELENSVALE 84 $484,000 5.2% $470,000 4.8% 2.2%
HELENSVALE ^ ~ 3 N/A N/A $796,250 3.9% -12.3%
HIGHLAND PARK 21 $452,500 1.7% $425,000 7.6% 7.6%
HOLLYWELL 11 $485,000 N/A $540,000 13.7% 6.9%
HOPE ISLAND ~ f 23 $482,000 -33.4% $486,500 8.1% -1.7%
JACOBS WELL 0 N/A N/A $355,000 -7.8% -11.3%
LABRADOR ~ 28 $445,000 21.9% $406,000 8.3% -1.5%
MAUDSLAND 8 N/A N/A $445,000 5.3% 6.0%
MERMAID BEACH ~ f 8 N/A N/A $875,000 1.7% -19.4%
MERMAID WATERS 29 $640,000 -6.2% $630,000 2.4% 0.0%
MERRIMAC 10 $420,500 6.5% $407,500 7.5% -0.3%
MIAMI 18 $519,000 4.0% $520,000 7.5% 3.7%
MOLENDINAR 17 $500,000 8.7% $479,000 4.1% 1.9%
MUDGEERABA 27 $473,750 -0.1% $465,000 9.4% 5.7%
MUDGEERABA ^ 6 N/A N/A $635,000 4.7% 0.4%
NERANG 36 $376,500 9.8% $360,000 6.7% -4.0%
NERANG ^ 3 N/A N/A $700,000 N/A N/A
ORMEAU 51 $423,000 -1.1% $406,500 0.4% -3.2%
ORMEAU ^ 4 N/A N/A $635,000 -0.8% 5.8%
ORMEAU HILLS 6 N/A N/A $450,542 1.8% N/A
OXENFORD 40 $425,000 -6.6% $430,000 6.2% 1.4%
PACIFIC PINES 44 $454,250 0.9% $455,000 3.4% 1.1%
PALM BEACH 39 $547,500 1.4% $525,000 4.0% 1.0%
PARADISE POINT ~ f 27 $810,000 29.1% $797,500 -5.1% -5.1%
PARKWOOD ~ 19 $530,157 17.8% $452,500 1.3% 0.6%
PIMPAMA 4 N/A N/A $377,500 5.6% N/A
REEDY CREEK 15 $609,000 0.5% $607,000 -1.3% -1.1%
ROBINA ~ 55 $500,000 -8.3% $527,000 5.4% 1.3%
RUNAWAY BAY ~ 20 $655,000 11.3% $727,500 2.5% -10.2%
SOUTHPORT 40 $442,500 6.4% $431,000 6.4% -4.2%
SURFERS PARADISE ~ f 15 $1,100,000 -7.9% $1,150,000 0.7% -16.2%
TALLAI ^ 12 $712,500 -3.4% $727,500 7.5% 7.8%
TALLEBUDGERA ^ ~ 14 $842,500 28.6% $675,000 9.3% -8.2%
TALLEBUDGERA VALLEY ^ 4 N/A N/A $730,500 N/A N/A
TUGUN 23 $491,500 N/A $496,250 13.6% 9.1%
UPPER COOMERA 82 $425,000 7.9% $389,000 1.0% -4.0%
VARSITY LAKES 29 $480,000 3.2% $470,000 2.4% 3.8%
WILLOW VALE ^ 3 N/A N/A $776,500 0.8% N/A
WONGAWALLAN ^ 3 N/A N/A $710,000 N/A N/A
WORONGARY 9 N/A N/A $380,000 -1.3% 0.3%
WORONGARY ^ ~ 12 $715,000 21.4% $593,000 3.9% 3.2%
YATALA ^ 3 N/A N/A $605,000 N/A N/A
SURROUNDS
SCENIC RIM (LGA) ~ 39 $362,500 15.1% $349,000 2.6% 2.6%
SCENIC RIM (LGA) ^ 41 $480,000 -3.0% $460,000 2.2% 1.1%
BEAUDESERT 11 $320,000 3.2% $310,000 1.6% -0.6%
BOONAH 7 N/A N/A $280,000 3.7% -0.3%
SALES MARKET - HOUSES (CONT’D)
SUBURB
NUMBER
OF SALES
MAR14
MEDIAN
SALE
MAR14
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
MAR14
1YR
CHANGE
5YR
CHANGE
SALES MARKET - HOUSES
SUBURB
NUMBER
OF SALES
MAR14
MEDIAN
SALE
MAR14
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
MAR14
1YR
CHANGE
5YR
CHANGE
SALES MARKET - VACANT LAND
SALES MARKET - UNITS & TOWNHOUSES
KOORALBYN ^ 3 N/A N/A $311,000 -0.1% -3.6%
TAMBORINE ^ 14 $582,500 N/A $497,475 4.1% 1.7%
TAMBORINE MOUNTAIN 17 $420,000 -2.3% $402,750 2.0% -13.9%
TAMBORINE MOUNTAIN ^ ~ 4 N/A N/A $597,500 -12.1% -9.5%
Despite the increase in
rental stock, some local
agents say these are the
tightest conditions they’ve
seen in a few years
18 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
4275 BENOBBLE $440 9 $380 11
4285 ALLENVIEW $300 51 $310 45
4307 COLEYVILLE $250 5 N.A. 4
4310 ALLANDALE $275 15 $265 10
GOLD COAST CITY $430 1032 $415 1046
4208 BURNSIDE $380 32 $365 30
4209 COOMERA $370 106 $365 93
4210 OXENFORD $420 18 $385 20
4211 ADVANCETOWN $400 130 $390 115
4212 HELENSVALE $449 61 $460 69
4213 BONOGIN $430 42 $420 48
4214 ARUNDEL $420 90 $410 85
4215 LABRADOR $400 115 $390 113
4216 PARADISE POINT $400 76 $390 73
4217 BENOWA $550 54 $525 51
4218 BROADBEACH $510 56 $490 66
4220 BURLEIGH HEADS $470 52 $450 76
4221 ELANORA $460 43 $450 43
4223 CURRUMBIN $460 27 $460 32
4224 TUGUN $400 9 $415 14
4225 BILINGA $395 7 $480 5
4226 CLEAR ISLAND WATERS $460 70 $440 67
4227 REEDY CREEK $460 42 $430 41
SCENIC RIM REGIONAL $330 119 $350 120
4270 TAMBORINE $370 5 N.A. 4
4271 EAGLE HEIGHTS $385 11 $380 16
4272 MOUNT TAMBORINE $380 19 $380 21
<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
115
517
418
6570
480 490
77
<$350,000 $350,000+ $500,000+ $1m+
GOLD COAST HOUSE SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
101
394
278
33
81
437
311
31
<$350,000 $350,000+ $500,000+ $1m+
SUNSHINE COAST HOUSE SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
146
42
10
156
21
7
<$350,000 $350,000+ $500,000+
BUNDABERG HOUSE SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
(p) Preliminary
Source: REIQ,
<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
21
73
27
21
51
24
<$350,000 $350,000+ $500,000+
GLADSTONE HOUSE SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
1
(p) Preliminary. S
Source: REIQ, da
(p) Preliminary
Source: REIQ, d
47 44
<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
132 132
79
36
182
207
99
43
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE SURROUNDS UNIT SALES (p)
DEC 13 MAR 14
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
204
380
292
192
235
447
391
241
<$250,000 $250,000+ $350,000+ $500,000+
GOLD COAST UNIT SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
74
187
132
7979
181
164
109
<$250,000 $250,000+ $350,000+ $500,000+
SUNSHINE COAST UNIT SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
17
9
2
18
9
0
<$250,000 $250,000+ $350,000+
BUNDABERG UNIT SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
(p) Prelimina
Source: REIQ
18
10
1
18
9 10
<$250,000 $250,000+ $350,000+
FRASER COAST UNIT SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
2
3 3
5 5
7
<$250,000 $250,000+ $350,000+
GLADSTONE UNIT SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
(p) Preliminary
Source: REIQ, d
(p) Prelimina
Source: REIQ
(p) Preliminar
Source: REIQ,
<$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
16
32
28
1013
59
38
9
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE CITY LAND SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
220
49
14 7
243
53
21 5
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE SURROUNDS LAND SALES (p)
DEC 13 MAR 14
Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
45
24
3 6
64
26
5 6
<$250,000 $250,000+ $350,000+ $500,000+
GOLD COAST LAND SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
40
21
12
4
50
20
15
10
<$250,000 $250,000+ $350,000+ $500,000+
SUNSHINE COAST LAND SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
25
0 0
30
1 1
<$250,000 $250,000+ $350,000+
BUNDABERG LAND SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
(p) Prelimin
Source: REI
41
3
0
42
1 2
<$250,000 $250,000+ $350,000+
FRASER COAST LAND SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
25
2 2
14
1 0
<$250,000 $250,000+ $350,000+
GLADSTONE LAND SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
(p) Prelimin
Source: REIQ
(p) Prelimina
Source: REIQ
25
2 2
36
7
0
<$250,000 $250,000+ $350,000+
TOOWOOMBA LAND SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
(p) Prelimina
Source: REIQ
RENTAL MARKET - 3 BED HOUSES
MAR-14 MAR-13
POSTCODE LOCALITIES MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
RENTAL MARKET - 3 BED HOUSES (CONT’D)
MAR-14 MAR-13
POSTCODE LOCALITIESL
MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
GOLD COAST CITY $360 2771 $350 2772
4209 COOMERA $285 8 $280 6
4210 OXENFORD $295 21 $295 21
4211 ADVANCETOWN $330 44 $365 55
4212 HELENSVALE $390 52 $380 61
4214 ARUNDEL $216 27 $295 20
4215 LABRADOR $350 704 $340 623
4216 PARADISE POINT $350 218 $340 185
4217 BENOWA $400 603 $400 651
4218 BROADBEACH $360 321 $345 369
4220 BURLEIGH HEADS $380 195 $360 210
4221 ELANORA $310 151 $310 171
4223 CURRUMBIN $365 39 $325 30
4224 TUGUN $340 58 $280 40
4225 BILINGA $330 120 $310 111
4226 CLEAR ISLAND WATERS $400 53 $395 78
4227 REEDY CREEK $370 151 $370 131
SCENIC RIM REGIONAL $216 42 $215 31
4272 MOUNT TAMBORINE $265 6 N.A. 2
4285 ALLENVIEW $210 26 $200 24
GOLD COAST CITY $380 1135 $370 1281
4208 BURNSIDE $370 14 $365 23
4209 COOMERA $355 160 $345 174
4210 OXENFORD $350 13 $340 19
4211 ADVANCETOWN $365 202 $355 228
4212 HELENSVALE $420 42 $400 31
4213 BONOGIN $385 27 $360 42
4214 ARUNDEL $365 52 $360 55
4215 LABRADOR $380 133 $390 149
4216 PARADISE POINT $370 78 $360 96
4217 BENOWA $450 52 $420 52
4218 BROADBEACH $400 25 $395 26
4220 BURLEIGH HEADS $395 35 $400 45
4221 ELANORA $380 32 $350 22
4223 CURRUMBIN $360 10 $365 13
4224 TUGUN $430 28 $430 34
4226 CLEAR ISLAND WATERS $430 154 $410 171
4227 REEDY CREEK $420 77 $410 97
RENTAL MARKET - 2 BED UNITS
RENTAL MARKET - 3 BED TOWNHOUSES
19
REGIONAL MARKET UPDATES
MARCH QUARTER 2014
Local agents also report improving conditions in the
prestige market, with some top sales being recorded in
suburbs such as East Toowoomba. The suburb’s median
house price increased 6.4 per cent to $415,000, making it
the third most expensive for the quarter.
UNIT & TOWNHOUSE MARKET
Like other parts of SEQ, the Toowoomba unit and
townhouse market has begun to find momentum,
with preliminary sales numbers continuing to trend
upwards, with the region recording its fifth consecutive
quarterly increase.
The sub-$250,000 price bracket continues to be the most
popular amongst buyers, most notably investors.
Top performing suburbs over the quarter included
Kearneys Springs and South Toowoomba which
both recoded an increase in activity compared to the
December quarter.
RENTAL MARKET
Of the major regional centres, outside of the Tourism
Centres, Toowoomba’s rental market is the only one to
continue to experience tight conditions. In Toowoomba the
vacancy rate remains at record lows.
At the end of March the vacancy rate was little changed
since December, up 0.1 percentage points to 1.4 per cent.
With such consistent demand for rental property, local
agents expect investor interest, most notable from
interstate to pick up in the next 12 months.
Despite continued tight rental conditions, median weekly
rents are yet to increase significantly, with three bedroom
houses recording an increase of just $10 to $300 per week
over the March quarter.
Following a strong December quarter, the Toowoomba
property market saw consistent sales numbers for the
house market, while the unit and townhouse market
continued in its stride.
Outside of metropolitan Brisbane, Toowoomba is currently
the fastest selling region with average days on market over
the 12 months to February for houses coming down 16
days to 71 and units & townhouses down an impressive 32
days to 75.
Toowoomba is also currently leading the way with the
percentage of profit making sales over the past year.
According to statistics from RP data, 95 per cent of
houses and 92 per cent of units and townhouses sold for
a profit over the 12 months to February – both results the
highest for the state.
According to local agents, a steady stream of new listings
was coming online to meet the growing demand for
quality stock.
HOUSE MARKET
Over the March quarter, Toowoomba’s median house
price eased 1.2 per cent to $325,000 with preliminary
sales numbers also easing 2 per cent, compared to the
December quarter.
Over the 12 months to March however, Toowoomba
recorded the highest increase in house sales activity, up
18 per cent, with an increase of 8.2 per cent in the median
sale price for the year – also the top result for all major
local government areas.
According to local agents, while there had been a slight
softening at the upper end of the market, houses priced
below $500,000 were being snapped up quickly. Over the
March quarter, the busiest segment of the market was
reportedly the $350,000 to $450,000 price bracket.
This was reflected in the REIQ’s price point data which
showed the $350,000 to $500,000 price point the only one
to record an increase in activity.
The most popular type of properties, local agents say, are
the four-bedroom, two-bathroom, double garage style
houses, which are favoured by both investors and renters.
Top performing suburbs to record the highest increase
in sales activity over the year include Centenary Heights,
Middle Ridge and Newtown.
TOOWOOMBA
HOUSEPRICEPOINT
64
FRASER COAST HOUSE SALES (p)
DEC 13 MAR 14
MACKAY HOUSE SALES (p)
DEC 13 MAR 14
178
80
30
144
78
30
<$350,000 $350,000+ $500,000+
ROCKHAMPTON HOUSE SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
297
155
43
288
163
39
<$350,000 $350,000+ $500,000+
TOOWOOMBA HOUSE SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
47
294
560
314
44
330
651
371
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE CITY UNIT SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
132 132
79
36
182
207
99
43
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE SURROUNDS UNIT SALES (p)
DEC 13 MAR 14
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
380
447
391
GOLD COAST UNIT SALES (p)
DEC 13 MAR 14
17 18
BUNDABERG UNIT SALES (p)
DEC 13 MAR 14
18
10
1
18
9 10
<$250,000 $250,000+ $350,000+
FRASER COAST UNIT SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
(p) Prelim
Source: R
(p) Prelim
Source: R
37
34
7
42
36
14
<$250,000 $250,000+ $350,000+
TOOWOOMBA UNIT SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
16
32
28
1013
59
38
9
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE CITY LAND SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
BRISBANE SURROUNDS LAND SALES (p)
DEC 13 MAR 14
Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
FRASER COAST LAND SALES (p)
DEC 13 MAR 14
(p) Pre
Source
25
2 2
36
7
0
<$250,000 $250,000+ $350,000+
TOOWOOMBA LAND SALES (p)
DEC 13 MAR 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
20 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
TOOWOOMBA (LGA) 101 $270,000 2.7% $270,000 5.9% 21.6%
CENTENARY HEIGHTS 7 N/A N/A $322,500 2.1% N/A
EAST TOOWOOMBA ~ t 11 $243,000 -21.6% $237,000 3.7% 12.3%
HARRISTOWN ~ t 10 $251,000 N/A $263,000 N/A N/A
KEARNEYS SPRING 13 $281,500 N/A $285,000 7.5% 19.7%
NEWTOWN 8 N/A N/A $237,000 0.0% 11.5%
RANGEVILLE 8 N/A N/A $319,000 10.0% 17.3%
SOUTH TOOWOOMBA 11 $272,000 N/A $265,000 N/A N/A
TOOWOOMBA CITY 4 N/A N/A $300,000 N/A 36.4%
WILSONTON 6 N/A N/A $241,000 -0.4% 8.3%
SURROUNDS
WESTERN DOWNS (LGA) 11 N/A N/A $357,000 2.7% N/A
CHINCHILLA 6 N/A N/A $357,000 9.0% N/A
TOOWOOMBA (LGA) 526 $325,000 -1.2% $324,000 8.2% 23.4%
TOOWOOMBA (LGA) ^ ~ 102 $520,000 8.8% $472,500 8.6% 23.4%
CAMBOOYA 4 N/A N/A $250,000 N/A N/A
CENTENARY HEIGHTS 21 $337,000 -0.9% $335,000 8.9% 21.8%
CLIFTON 3 N/A N/A $197,500 N/A 8.4%
COTSWOLD HILLS ^ 4 N/A N/A $525,000 N/A N/A
CROWS NEST 11 $235,000 N/A $245,000 -3.9% 25.6%
DARLING HEIGHTS 24 $324,000 -0.6% $323,000 5.9% 19.1%
EAST TOOWOOMBA 22 $415,000 6.4% $395,000 11.9% 10.5%
GLENVALE 13 $339,000 1.3% $338,000 0.9% 19.0%
GLENVALE ^ 1 N/A N/A $490,000 -6.7% 12.6%
GOWRIE JUNCTION ^ ~ 8 N/A N/A $417,000 N/A 41.4%
HARLAXTON ~ 11 $290,000 26.1% $270,000 12.0% 18.0%
HARRISTOWN ~ 40 $299,100 -7.4% $299,550 13.3% 26.4%
HIGHFIELDS 9 N/A N/A $457,250 3.9% 17.2%
HIGHFIELDS ^ ~ * 29 $497,500 3.4% $500,000 9.9% 26.6%
HODGSON VALE ^ 5 N/A N/A $535,000 11.5% N/A
KEARNEYS SPRING 31 $345,000 -4.2% $350,000 5.4% 24.0%
KINGSTHORPE 7 N/A N/A $272,500 8.1% 25.6%
KLEINTON 5 N/A N/A $446,000 N/A N/A
MERINGANDAN WEST 10 $370,000 N/A $369,500 N/A N/A
MERINGANDAN WEST ^ 2 N/A N/A $325,000 4.3% 10.6%
MIDDLE RIDGE 26 $453,500 -1.1% $461,000 3.6% 17.2%
MIDDLE RIDGE ^ 5 N/A N/A $735,000 10.1% N/A
MOUNT LOFTY ~ 20 $414,500 11.7% $365,000 9.0% 8.3%
NEWTOWN 65 $299,500 7.3% $280,000 9.8% 21.7%
NORTH TOOWOOMBA ~ 17 $319,000 29.7% $283,750 6.7% 23.4%
OAKEY 12 $205,750 N/A $221,400 14.1% 13.8%
PITTSWORTH 11 $257,500 N/A $273,750 7.4% 19.0%
RANGEVILLE 34 $377,500 2.0% $385,000 6.1% 14.2%
ROCKVILLE ~ 18 $295,000 15.2% $252,000 2.0% 12.0%
SOUTH TOOWOOMBA 19 $300,000 1.0% $295,000 12.8% 18.0%
TOOWOOMBA CITY ~ 12 $323,500 N/A $316,250 17.1% 23.5%
WESTBROOK 22 $430,000 N/A $429,000 7.3% 17.5%
WILSONTON 17 $325,000 5.9% $291,000 5.4% 20.1%
WILSONTON HEIGHTS 14 $282,500 -4.2% $272,000 2.3% 20.9%
SURROUNDS
GOONDIWINDI (LGA) 18 $259,000 5.7% $228,000 6.0% 1.1%
GOONDIWINDI ~ 11 $375,000 50.0% $280,000 5.7% 11.1%
SOUTHERN DOWNS (LGA) 53 $260,000 4.0% $248,000 10.2% 10.2%
SOUTHERN DOWNS (LGA) ^ 20 $315,000 0.0% $300,600 0.2% 1.4%
STANTHORPE 8 N/A N/A $229,250 1.9% 5.2%
WARWICK 34 $275,000 10.0% $255,000 10.9% 10.9%
WESTERN DOWNS (LGA) 35 $270,000 -14.7% $294,000 -5.2% 27.8%
WESTERN DOWNS (LGA) ^ ~ 17 $309,500 N/A $430,000 16.2% 46.8%
CHINCHILLA ~ Y 12 $348,500 -5.3% $347,000 -9.9% 40.1%
DALBY ^ 8 N/A N/A $460,000 2.2% 20.1%
DALBY ~ 15 $267,000 -7.9% $265,000 6.0% 10.4%
MILES 3 N/A N/A $372,000 6.3% N/A
SALES MARKET - UNITS & TOWNHOUSES
SALES MARKET - VACANT LAND
SUBURB
NUMBER
OF SALES
MAR14
MEDIAN
SALE
MAR14
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
MAR14
1YR
CHANGE
5YR
CHANGE
TOOWOOMBA (LGA) ~ 43 $172,000 11.0% $154,000 -2.2% 54.0%
TOOWOOMBA (LGA) ^ ~ 16 $190,000 15.2% $175,000 20.7% 25.0%
GLENVALE * 1 N/A N/A $170,000 6.3% 70.0%
GOWRIE JUNCTION ^ 4 N/A N/A $163,000 8.7% N/A
HODGSON VALE ^ * 2 N/A N/A $180,000 N/A N/A
KLEINTON * 15 $182,500 N/A $151,000 -1.6% N/A
MIDDLE RIDGE 2 N/A N/A $210,000 6.6% 22.1%
WESTBROOK * 1 N/A N/A $154,000 1.3% 56.7%
SURROUNDS
SOUTHERN DOWNS (LGA) 6 N/A N/A $79,000 4.8% -1.3%
WESTERN DOWNS (LGA) 8 N/A N/A $152,000 0.0% 56.7%
WESTERN DOWNS (LGA) ^ ~ * 5 N/A N/A $130,000 -3.7% 33.3%
CHINCHILLA * 4 N/A N/A $150,000 3.5% 66.7%
DALBY ^ * 1 N/A N/A $120,000 4.3% 14.3%
MILES 2 N/A N/A $200,000 8.1% N/A
TOOWOOMBA REGIONAL $300 710 $290 662
4350 KEARNEYS SPRING $310 549 $295 515
4352 AMIENS $325 29 $335 28
4354 DOUGLAS $240 7 $230 8
4355 ANDURAMBA $260 15 $260 9
4356 PITTSWORTH $260 23 $265 25
4357 BRINGALILY $270 5 $250 8
4359 ASCOT $250 8 $225 5
4361 BACK PLAINS $220 7 $200 8
4400 KINGSTHORPE $260 7 $260 5
4401 ACLAND $270 35 $260 34
4614 NEUMGNA $215 10 $200 8
GOONDIWINDI REGIONAL $270 37 $255 40
4385 BEEBO $200 5 $170 11
4387 BRUSH CREEK $200 5 N.A. 3
4390 BILLA BILLA $290 27 $290 25
SOUTHERN DOWNS REGIONAL $255 148 $250 162
4362 ALLORA $265 11 $250 10
4370 ALLAN $260 89 $250 92
4380 AMIENS $250 35 $250 39
WESTERN DOWNS REGIONAL $330 140 $325 163
4405 BLAXLAND $310 78 $300 90
4413 BAKING BOARD $410 32 $400 45
4415 MILES $400 15 $400 8
4419 COCKATOO $600 5 $650 11
TOOWOOMBA REGIONAL $245 408 $230 371
4350 KEARNEYS SPRING $250 385 $230 344
4356 PITTSWORTH $180 5 N.A. 1
4401 ACLAND $170 6 $210 13
GOONDIWINDI REGIONAL $180 35 $180 28
4390 BILLA BILLA $180 31 $180 27
SOUTHERN DOWNS REGIONAL $200 68 $200 68
4362 ALLORA $210 5 $180 5
4370 ALLAN $200 51 $205 43
4380 AMIENS $195 12 $185 19
WESTERN DOWNS REGIONAL $270 58 $260 62
4405 BLAXLAND $250 39 $220 31
4413 BAKINGBOARD $380 18 $390 24
TOOWOOMBA REGIONAL $310 28 $282 28
4350 KEARNEYS SPRING $310 28 $282 25
WESTERN DOWNS REGIONAL N.A. 6 N.A. 3
4413 BAKING BOARD $480 5 N.A. 1
RENTAL MARKET - 3 BED TOWNHOUSES
SALES MARKET - HOUSES
SUBURB
NUMBER
OF SALES
MAR14
MEDIAN
SALE
MAR14
QTRLY
CHANGE
MEDIAN
SALE
12MTHS
MAR14
1YR
CHANGE
5YR
CHANGE
RENTAL MARKET - 3 BED HOUSES
MAR-14 MAR-13
POSTCODE LOCALITIESL
MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
RENTAL MARKET - 2 BED UNITS
Queensland property market recovery underway suburb by suburb
Queensland property market recovery underway suburb by suburb
Queensland property market recovery underway suburb by suburb
Queensland property market recovery underway suburb by suburb
Queensland property market recovery underway suburb by suburb
Queensland property market recovery underway suburb by suburb
Queensland property market recovery underway suburb by suburb
Queensland property market recovery underway suburb by suburb
Queensland property market recovery underway suburb by suburb
Queensland property market recovery underway suburb by suburb
Queensland property market recovery underway suburb by suburb
Queensland property market recovery underway suburb by suburb
Queensland property market recovery underway suburb by suburb
Queensland property market recovery underway suburb by suburb
Queensland property market recovery underway suburb by suburb
Queensland property market recovery underway suburb by suburb
Queensland property market recovery underway suburb by suburb
Queensland property market recovery underway suburb by suburb
Queensland property market recovery underway suburb by suburb
Queensland property market recovery underway suburb by suburb

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Queensland property market recovery underway suburb by suburb

  • 1. your state-wide property research guide suburb by suburb REIQ ISSUE22 QUEENSLANDMARKETMONITORISSUE22 MARCH QTR 2014 >p2 Giving real estate professionals the competitive edge Visit rpdata.com or phone 1300 734 318 to find out how. QMM STATE-WIDE COMMENTARY Proudly supported by: Queensland’s key real estate markets are firmly in recovery phase, with strong sales in the southeast corner and a number of the state’s regional tourism centres reflecting growing market confidence. The continued trend upwards in sales activity, however, is varied across the major local government areas, with a tapering off activity recorded in the state’s regional mining centres, resulting in a two-tiered effect for the overall Queensland residential market. According to the Australian Bureau of Statistics, the number of dwellings financed was down over the month of January, but over the remainder of the March quarter, all buyer types recorded increased activity. STRONG SOUTHEAST RECOVERY
  • 2. 2 QUEENSLAND MARKET MONITOR HOUSE MARKETS Southeast Queensland, including Toowoomba and the state’s coastal tourism centres continue to show strengthening market conditions, while the residential property markets in regional mining centres of Gladstone and Mackay have recorded easing conditions. In Greater Brisbane, sales activity remained consistent with the December quarter, however with a shift in increased activity weighted towards the outer regions, where the median house price was down 1.1 per cent. Metropolitan Brisbane itself saw a drop of 7 per cent in preliminary house sales numbers while activity was strong elsewhere in the Brisbane statistical division. Sales activity was most improved in the Moreton Bay regional council area, which saw an increase of 7 per cent in preliminary sales numbers over the March quarter. Ipswich and Redland closely followed with both recording an increase of 6 per cent. The state’s tourism centres continue to perform strongly, with all four regions – Gold Coast, Sunshine Coast, Fraser Coast and Cairns – posting solid growth in their median house prices. On the Sunshine Coast preliminary sales numbers were up 4 per cent over the quarter, while over the year to March, the Gold Coast was the star performer with an increase of over 20 per cent. And while activity was down slightly over the March quarter in Cairns, over the year to March activity was up a healthy 15 per cent. Median house price growth across these four tourism regions have now begun trending upwards following two consecutive quarters of positive results. The state’s mining centres, however, continue to record subdued market conditions with sales activity down in Gladstone and Rockhampton by more than 10 per cent. Despite the easing sales volumes in Gladstone, median house prices have only recorded drops at an annual moving trend of less than -2.0 per cent for the last two quarters. In the remaining regional centres of Toowoomba, Townsville and Bundaberg, preliminary sales numbers were generally steady or down slightly over the quarter. However figures for the year ending March show a strengthening Toowoomba market, with sales numbers up 18 per cent compared to the previous 12 months. Queensland market update 1 State-Wide Summary (cont’d) 2 REIQ Explanatory notes 5 Brisbane market updates Brisbane City 6 Greater Brisbane 11 Regional market updates Gold Coast 16 Toowoomba 19 Sunshine Coast 21 Fraser Coast 23 Bundaberg 25 Gladstone 27 Rockhampton 28 Mackay 30 Townsville 32 Cairns 34 Other Regional 36 On The Market Indicators 37 Average Vendor Discount Average Days on Market Total Listings Rental Market Indicators 38 Gross rental yields Residential vacancy rates TABLE OF CONTENTS REIQ STATE-WIDE SUMMARY CONTINUED Median house price growth across these four tourism regions have now begun trending upwards Clarification: The REIQ incorrectly reported in a media release issued on Wednesday 21 May that total house sales numbers in Queensland were up 8.3 per cent over the March quarter 2014. In fact, total house sales numbers in Queensland were down 1.8 per cent in this period. The REIQ regrets any inconvenience caused by this error.
  • 3. 292 299 <$350,000 $350,000+ $500,000+ $1m+ (p) Preliminary sales, excluding agents advice sales where no sale price is disclosed. Source: REIQ, data provided by RP Data. 770 1163 1148 669 116 858 1354 1411 811 107 <$250,000 $250,000+ $350,000+ $500,000+ $1m+ QUEENSLAND UNIT SALES (p) DEC 13 MAR 14 (p) Preliminary sales, excluding agents advice sales where no sale price is disclosed. Source: REIQ, data provided by RP Data. 732 153 66 28 2 791 195 84 29 4 <$250,000 $250,000+ $350,000+ $500,000+ $1m+ QUEENSLAND LAND SALES (p) DEC 13 MAR 14 (p) Preliminary sales, excluding agents advice sales where no sale price is disclosed. Source: REIQ, data provided by RP Data. 292 299 <$350,000 $350,000+ $500,000+ $1m+ (p) Preliminary sales, excluding agents advice sales where no sale price is disclosed. Source: REIQ, data provided by RP Data. 770 1163 1148 669 116 858 1354 1411 811 107 <$250,000 $250,000+ $350,000+ $500,000+ $1m+ QUEENSLAND UNIT SALES (p) DEC 13 MAR 14 (p) Preliminary sales, excluding agents advice sales where no sale price is disclosed. Source: REIQ, data provided by RP Data. 732 153 66 28 2 791 195 84 29 4 <$250,000 $250,000+ $350,000+ $500,000+ $1m+ QUEENSLAND LAND SALES (p) DEC 13 MAR 14 (p) Preliminary sales, excluding agents advice sales where no sale price is disclosed. Source: REIQ, data provided by RP Data. QUEENSLAND - PRICEPOINTS 3024 3632 2856 292 2865 3576 2896 299 <$350,000 $350,000+ $500,000+ $1m+ QUEENSLAND HOUSE SALES (p) DEC 13 MAR 14 (p) Preliminary sales, excluding agents advice sales where no sale price is disclosed. Source: REIQ, data provided by RP Data. 770 1163 1148 669 116 858 1354 1411 811 107 <$250,000 $250,000+ $350,000+ $500,000+ $1m+ QUEENSLAND UNIT SALES (p) DEC 13 MAR 14 (p) Preliminary sales, excluding agents advice sales where no sale price is disclosed. Source: REIQ, data provided by RP Data. 732 153 66 28 2 791 195 84 29 4 <$250,000 $250,000+ $350,000+ $500,000+ $1m+ QUEENSLAND LAND SALES (p) DEC 13 MAR 14 (p) Preliminary sales, excluding agents advice sales where no sale price is disclosed. Source: REIQ, data provided by RP Data. MARCH QUARTER 2014 HOUSES (<2400) UNITS & TOWNHOUSES VACANT LAND (<2400) LGA MEDIAN SALE MAR14 QTRLY CHANGE SALES ACTIVITY TREND MEDIAN SALE MAR14 QTRLY CHANGE SALES ACTIVITY TREND MEDIAN SALE MAR14 QTRLY CHANGE SALES ACTIVITY TREND SOUTHEAST QLD BRISBANE (SD) $460,000 -1.1% STEADY $385,000 0.0% UP $219,000 1.9% UP BRISBANE CITY (LGA) $560,000 -0.4% DOWN $415,000 1.7% UP $320,000 -4.3% UP IPSWICH CITY (LGA) $301,680 -2.1% UP $230,000 5.0% ~ t STEADY $172,000 -0.3% UP LOGAN CITY (LGA) $352,000 2.0% STEADY $227,500 -5.2% UP $195,500 23.0% ~ * UP MORETON BAY (LGA) $382,000 -1.5% UP $308,500 3.2% UP $211,635 -7.6% UP REDLAND CITY (LGA) $460,000 1.0% UP $322,500 -8.1% ~ f UP $40,000 33.3% ~ f DOWN GOLD COAST CITY (LGA) $500,000 4.2% ~ STEADY $350,000 2.9% UP $231,000 0.4% UP SUNSHINE COAST (LGA) $465,000 2.0% UP $361,000 6.2% UP $245,000 0.4% UP MAJOR REGIONAL QLD TOOWOOMBA (LGA) $325,000 -1.2% STEADY $270,000 2.7% UP $172,000 11.0% ~ UP FRASER COAST (LGA) $300,000 2.9% STEADY $270,000 22.7% * f UP $150,000 -5.4% ~ STEADY BUNDABERG (LGA) $269,500 -3.8% ~ DOWN $234,500 -3.7% ~ STEADY $127,500 4.5% UP GLADSTONE (LGA) $417,500 -0.6% DOWN N/A N/A STEADY $195,000 -6.3% * DOWN ROCKHAMPTON (LGA) $329,500 3.0% DOWN $375,000 34.2% * f UP $179,500 -0.2% ~ DOWN MACKAY (LGA) $405,000 -1.2% DOWN $316,000 14.2% ~ f STEADY $222,000 -1.3% UP TOWNSVILLE (LGA) $364,000 2.0% STEADY $265,000 -5.4% ~ UP $166,000 3.3% STEADY CAIRNS (LGA) $375,000 5.6% ~ DOWN $212,000 15.5% * t UP $175,000 2.9% UP 12MTHS ENDING FEB-14 HOUSES (ALL) UNITS (ALL) LGA SALES MAKING PROFIT DAYS ON MARKET AVERAGE VENDOR DISCOUNT SALES MAKING PROFIT DAYS ON MARKET AVERAGE VENDOR DISCOUNT SOUTHEAST QLD BRISBANE 93% 65 -5.7% 84% 77 -5.2% IPSWICH 78% 90 -7.1% 63% 136 -7.3% LOGAN 84% 81 -6.1% 74% 103 -7.1% MORETON BAY 82% 80 -5.9% 63% 110 -6.2% REDLAND 85% 75 -6.0% 77% 98 -5.2% GOLD COAST 79% 79 -6.3% 61% 101 -7.5% SUNSHINE COAST 77% 96 -6.3% 64% 111 -6.9% MAJOR REGIONAL QLD TOOWOOMBA 95% 71 -4.8% 92% 75 -4.4% BUNDABERG 81% 84 -6.8% 52% 140 -7.9% CAIRNS 78% 81 -6.3% 63% 109 -6.1% FRASER COAST 74% 115 -7.6% 70% 134 -10.4% GLADSTONE 85% 119 -9.5% 81% 110 -6.7% MACKAY 86% 91 -8.0% 71% 117 -9.3% ROCKHAMPTON 87% 92 -7.4% 54% 124 -9.7% TOWNSVILLE 76% 90 -7.4% 50% 103 -7.8% 3 STATE-WIDE SUMMARY MARCH QUARTER 2014 SEE PAGE 37 FOR FULL ON THE MARKET STATISTICS BY LOCAL GOVERNMENT AREA
  • 4. UNIT AND TOWNHOUSE MARKETS Typically lagging behind the house market, the Queensland unit and townhouse market has now also begun its path to recovery, with sales volumes also up across the state and the Greater Brisbane council areas again recording the strongest increase in sales activity. Unit sales were also strong in the tourism centres, with the Cairns unit and townhouse market recording solid buyer activity in the $250,000 to $350,000 price bracket, contributing to an increase of 15.5 per cent in the region’s median unit sale price to $212,000. The Fraser Coast also posted a significant increase of 22.7 per cent in its median unit and townhouse sale price with strong sales in the $350,000-plus bracket. Prestige unit sales were also healthy on both the Gold and Sunshine Coasts, with both recording solid median sales price growth as well as overall unit sales activity. According to local agents, investor confidence in the Queensland residential property market continues to strengthen, particularly from interstate investors who continue to find better value for money in the Sunshine State compared to those below the border. RENTAL MARKETS Following an easing in vacancy rates three months ago, the majority of Queensland’s rental markets returned to tighter conditions. Stronger tenant demand, coupled with investor stock being sold to owner occupiers, were common theme across the State. The REIQ’s latest Residential Rental Survey, carried out in March across all REIQ accredited agencies has found that the majority of the state recorded lower vacancy rates compared to three months ago. Despite increased investor activity across Queensland, local agents report increased number of sales of former investment properties to owner-occupiers, reducing the overall rental pool in some areas. Queensland’s tourist centres and Toowoomba continue to experience tight market conditions, however with the slowdown in the mining industry the likes of Gladstone, Mackay and Rockhampton continue to experience a glut of vacancies, despite some improvement in their respective vacancy rates. According to the latest results from Residential Tenancies Authority, median weekly rents remained relatively steady in SEQ and the tourism centres. However in the mining regions, where market conditions have been weak for a year now, market rents are easing. (-) steady (u) up (d) down * change greater than 0.5 pts (-) steady (u) up (d) down * change greater than 0.5 pts (-) steady (u) up (d) down * change greater than $20 STATE-WIDE SUMMARY CONTINUED 4 QUEENSLAND MARKET MONITOR STATE-WIDE SUMMARY MEDIAN WEEKLY RENTS LGA 3 BED H 2 BED F 3 BED T SOUTH EAST QUEENSLAND BRISBANE CITY $420 UP $400 UP $410 STEADY IPSWICH CITY $300 UP $248 UP $310 UP LOGAN CITY $330 STEADY $260 UP $330 STEADY MORETON BAY $330 STEADY $280 UP $330 STEADY REDLAND CITY $380 UP $320 UP $385 UP GOLD COAST CITY $430 UP $360 UP $380 UP SUNSHINE COAST** $400 UP* $320 UP $375 STEADY MAJOR REGIONS TOOWOOMBA $300 UP $245 UP $310 UP* FRASER COAST $280 UP $225 UP $310 UP BUNDABERG $285 UP $240 UP $290 DOWN GLADSTONE $350 DOWN* $300 DOWN* $400 DOWN* ROCKHAMPTON $310 DOWN* $240 DOWN* N.A. N.A. MACKAY $370 DOWN* $290 DOWN* $380 DOWN* TOWNSVILLE CITY 1 $350 STEADY $285 DOWN $295 DOWN CAIRNS 1 $350 UP $280 UP $260 UP* VACANCY RATES LGA MAR 14 TREND SOUTH EAST QUEENSLAND BRISBANE CITY 2.3% DOWN* IPSWICH CITY 1.8% STEADY LOGAN CITY 1.2% DOWN* MORETON BAY 1.5% DOWN REDLAND CITY 1.6% DOWN* GOLD COAST CITY 2.2% STEADY SUNSHINE COAST 1.2% STEADY MAJOR REGIONS TOOWOOMBA 1.4% STEADY FRASER COAST 2.5% DOWN* BUNDABERG 4.5% STEADY GLADSTONE 6.4% DOWN* ROCKHAMPTON 6.0% DOWN* MACKAY 7.5% STEADY TOWNSVILLE CITY 4.7% STEADY CAIRNS 2.2% STEADY GROSS RENTAL YIELDS LGA HOUSES UNITS SOUTH EAST QUEENSLAND BRISBANE CITY 3.9% STEADY 5.0% STEADY IPSWICH CITY 5.2% STEADY 5.6% DOWN LOGAN CITY 4.9% DOWN 5.9% UP MORETON BAY 4.5% STEADY 4.7% STEADY REDLAND CITY 4.3% STEADY 5.2% UP GOLD COAST CITY 4.5% STEADY 5.3% STEADY SUNSHINE COAST 4.5% STEADY 4.6% DOWN MAJOR REGIONS TOOWOOMBA 4.8% UP 4.7% STEADY FRASER COAST 4.9% STEADY 4.3% DOWN* BUNDABERG 5.5% UP 5.3% UP* GLADSTONE 4.4% DOWN N/A N/A ROCKHAMPTON 4.9% DOWN 3.3% DOWN* MACKAY 4.8% STEADY 4.8% DOWN* TOWNSVILLE CITY 5.0% STEADY 5.6% UP CAIRNS 4.9% STEADY 6.9% DOWN* SEE PAGE 38 FOR FULL RENTAL MARKET STATISTICS BY LOCAL GOVERNMENT AREA
  • 5. REIQ RESEARCH EXPLANATORY NOTES SALES DATA All figures for the most recent quarterly and yearly periods are preliminary only and subject to further revision as additional sales records become available (see Research Methodology). 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. Sales data for the new deamalgamated local government areas is not yet available. A median sale price is derived by arranging a set of sale prices from lowest to highest and then selecting the middle value within this set (ie the 50th percentile, where half of recorded sales were less and half were higher than the median). Only suburbs and regions to record sufficient sales numbers are published. N/A Due to insufficient sales numbers (as at the time of data extraction) no median sale price has been calculated (LGA) Local Government Area Brisbane (SD) Brisbane Statistical Division which comprises the LGA’s of Brisbane City, Ipswich City, Logan City, Moreton Bay Regional and Redland City ^ Indicates acreage sales only (with land size greater than 2400m2 ). All other data is based upon sales with a land size of less than 2400 m2 ~ Median price changes influenced by varying quality of stock sold * Median price changes influenced by varying quantities of new properties sold f Median price changes influenced by varying quantities of waterfront properties sold t Medians affected by varying quantities of townhouses sold G Sales volumes and median affected by QLD government sales in the area eg ULDA, NRAS sales. Y Median affected by high yielding property sales 1 Median price changes influenced by the varying volumes of sales between the Mainland and Bay Islands areas PRICE POINT GRAPHS All data contained within these graphs represent preliminary sales numbers available as at five weeks after the end of each quarterly period 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 (see Research Methodology). Source: REIQ, data obtained from RPData (www.rpdata.com.au). Enquiries about the reproduction of part or all of the information should be directed to the Corporate Affairs Division, REIQ. RENTAL DATA All median weekly rents are published on a postcode basis, as calculated by the Residential Tenancies Authority, where sufficient data is available. Caution should be exercised when interpreting any median rental price data based upon a relatively small number of new bond lodgements. Figures for the new LGA's available for the current quarter only. L Listed localities (or suburbs) represent one of potentially several that fall within that postcode. N.A. Due to insufficient new bond lodgements, no median rental price has been calculated Source: Residential Tenancies Authority, Rental Bond lodgements (www.rta.qld.gov.au) GROSS RENTAL YIELDS House yields are based upon REIQ median house prices and RTA weighted median weekly rent for houses. Unit yields are based upon REIQ median unit & townhouse prices and RTA weighted median weekly rent for units and townhouses. VACANCY RATES All figures are based upon all residential rentals as at the end of each quarterly period, as submitted by REIQ accredited agents. A vacancy rate of 3 per cent is generally considered to indicate equilibrium of supply and demand within a rental market. N/A Due to insufficient information received no vacancy rate has been calculated Source: REIQ Residential Rental Survey 5MARCH QUARTER 2014 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. Source: RP Data (www.rpdata.com.au)
  • 6. 146 787 1529 171112 722 1401 164 <$350,000 $350,000+ $500,000+ $1m+ BRISBANE CITY HOUSE SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 908 939 362 14 973 972 409 18 <$350,000 $350,000+ $500,000+ $1m+ BRISBANE SURROUNDS HOUSE SALES (p) DEC 13 MAR 14 INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 115 517 418 6570 480 490 77 <$350,000 $350,000+ $500,000+ $1m+ GOLD COAST HOUSE SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 101 394 278 33 81 437 311 31 <$350,000 $350,000+ $500,000+ $1m+ SUNSHINE COAST HOUSE SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. (p) Prelim Source: R (p) Prelim Source: R (p) Prelim Source: R (p) Prelim Source: R 47 294 560 314 44 330 651 371 <$250,000 $250,000+ $350,000+ $500,000+ BRISBANE CITY UNIT SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 132 132 79 36 182 207 99 43 <$250,000 $250,000+ $350,000+ $500,000+ BRISBANE SURROUNDS UNIT SALES (p) DEC 13 MAR 14 INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 204 380 292 192 235 447 391 241 <$250,000 $250,000+ $350,000+ $500,000+ GOLD COAST UNIT SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 74 187 132 7979 181 164 109 <$250,000 $250,000+ $350,000+ $500,000+ SUNSHINE COAST UNIT SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. (p) Prelim Source: R (p) Prelim Source: R (p) Prelim Source: R (p) Prelim Source: R 16 32 28 1013 59 38 9 <$250,000 $250,000+ $350,000+ $500,000+ BRISBANE CITY LAND SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 220 49 14 7 243 53 21 5 <$250,000 $250,000+ $350,000+ $500,000+ BRISBANE SURROUNDS LAND SALES (p) DEC 13 MAR 14 Includes IPSWICH, LOGAN, MORETON BAY & REDLAND (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 45 24 3 6 64 26 5 6 <$250,000 $250,000+ $350,000+ $500,000+ GOLD COAST LAND SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 50 SUNSHINE COAST LAND SALES (p) DEC 13 MAR 14 (p) Prelim Source: RE (p) Prelimi Source: RE (p) Prelim Source: RE BRISBANE CITY The Brisbane residential property market recorded mixed results over the March quarter, with house sales activity down 7 per cent and a steady median house price, while unit sales activity was strong, up 13 per cent and increase of 1.7 per cent in the median sale price. With growing confidence in the property market, more vendors who had been holding off in anticipation of better market conditions are now bringing their properties onto the market. As a result, the total number of listings for the 12 month period for both houses and units were up 1.6 per cent compared to a year ago. HOUSE MARKET Despite a slowdown in activity for the quarter, preliminary sales numbers for the year ending March were up 13 per cent compared to the previous year. Top performing suburbs were typically middle-to-outer ring suburbs with sales activity up the highest for the suburbs of Kedron, Wynnum West, Carseldine and Mitchelton. According to local agents on Brisbane’s northside, the benefits of improved infrastructure projects were starting to flow onto local property prices. Across Brisbane, median house price growth was most prevalent in the middle-to-upper priced suburbs, evidence that confidence in the local property market remains strong. Suburbs from various parts of the city recorded solid annual growth including Northgate, Hawthorne, Macgregor and St Lucia, all with medians in excess of $500,000. Sales activity for the quarter eased across all price points, however the $1 million dollar plus sector remained the steadiest, with 164 preliminary sales recorded compared to 171 during the December quarter. The $500,000-plus price bracket remains the most popular recording 1,401 preliminary house sales during the period. Average days on market for the capital city were also markedly improved on a year ago, sitting at 65 days for house sales. UNIT AND TOWNHOUSE MARKET Unlike the house market which saw an easing of activity, the unit and townhouse market recorded a surge in activity with strong interest in the new apartment sector. With multiple new unit developments coming onto the market, it was no surprise to see the Brisbane local government area record the highest number of sales in the $500,000 to $1 million price range, with 371 settled unit sales recorded, 58 per cent of which were located within inner Brisbane suburbs. Over the March quarter the Brisbane CBD, New Farm and Fortitude Valley recorded the highest number of unit sales. Compared to the December quarter however, it was the city’s middle-to-outer suburbs, such as Everton Park and Carina that recorded the highest increase in activity. RENTAL MARKET In Brisbane, the overall vacancy rate for the metropolitan area was back down to 2.3 per cent, as seen at the end of September last year. Excluding the spike recorded in December, the Brisbane vacancy rate has been around the 2 to 2.3 per cent mark for over 12 months now. As expected, the Brisbane inner city rental market returned to a healthier vacancy rate following a spike in December. This however has reportedly largely been a result of easing asking rents to ensure vacancies are refilled quickly and also to compete with the new stock coming onto the market. Local agents are also reporting tenants deciding to move further out where they can achieve a larger property for the same weekly rent. 6 QUEENSLAND MARKET MONITOR BRISBANE MARKET UPDATES
  • 7. 7MARCH QUARTER 2014 BRISBANE MARKET UPDATES JAMBOREE HEIGHTS 8 N/A N/A $421,000 9.1% 1.4% JINDALEE ~ 21 $457,500 -15.3% $465,000 1.5% 4.5% KANGAROO POINT ~ 4 N/A N/A $752,250 17.5% 15.7% KARANA DOWNS 9 N/A N/A $392,500 1.9% 6.1% KARANA DOWNS ^ 4 N/A N/A $445,000 -2.2% 0.0% KEDRON 55 $595,000 -2.7% $580,000 12.6% 19.6% KELVIN GROVE 9 N/A N/A $657,500 3.5% 6.8% KENMORE 30 $590,000 -1.7% $570,000 9.4% 15.9% KEPERRA 22 $450,000 6.1% $418,500 2.1% 5.9% KURABY 16 $555,000 -5.9% $562,500 5.6% 15.6% LOTA 7 N/A N/A $547,500 14.9% 23.7% MACGREGOR 12 $607,300 5.1% $596,000 15.1% 24.2% MACKENZIE 8 N/A N/A $645,000 5.7% N/A MANLY 14 $692,500 9.4% $633,000 1.3% 11.6% MANLY WEST 26 $515,000 10.8% $480,000 2.3% 2.5% MANSFIELD 27 $565,000 0.4% $520,000 9.5% 19.4% MCDOWALL ~ 18 $615,000 15.9% $557,000 3.1% 14.2% MIDDLE PARK 6 N/A N/A $511,000 4.5% 4.4% MITCHELTON ~ 30 $554,000 15.5% $535,000 5.9% 18.9% MOGGILL 8 N/A N/A $503,000 3.7% 7.0% MOOROOKA 27 $530,000 0.1% $515,000 3.4% 14.4% MORNINGSIDE 28 $670,000 8.0% $618,500 7.8% 21.3% MOUNT CROSBY ^ 6 N/A N/A $540,000 8.9% 8.0% MOUNT GRAVATT ~ 11 $600,000 -5.5% $557,500 17.7% 20.9% MOUNT GRAVATT EAST 37 $571,000 6.7% $515,000 10.2% 17.8% MURARRIE 12 $504,500 0.6% $475,050 -3.1% 0.0% NEW FARM ~ 14 $1,105,000 -7.3% $1,180,500 20.9% 32.6% NEWMARKET 4 N/A N/A $690,000 3.8% 13.6% NORMAN PARK ~ 18 $713,750 -16.0% $684,250 3.7% 6.9% NORTHGATE 13 $551,000 4.0% $550,000 14.0% 12.5% NUDGEE 10 $492,500 N/A $485,000 -5.1% 7.1% NUNDAH 13 $610,500 -2.0% $616,000 3.9% 22.0% OXLEY 18 $445,000 1.1% $455,000 4.6% 9.2% PADDINGTON ~ 19 $990,000 7.8% $888,500 17.0% 26.9% PARKINSON 38 $550,000 -2.7% $539,250 6.8% 16.0% PULLENVALE ^ ~ 9 N/A N/A $927,500 1.4% -12.9% RED HILL 14 $710,000 -5.6% $708,750 9.5% 11.6% RIVERHILLS 8 N/A N/A $424,000 1.2% 7.3% ROBERTSON 12 $784,000 N/A $717,500 7.9% 13.9% ROCHEDALE 10 $800,000 N/A $682,660 N/A N/A ROCKLEA 8 N/A N/A $322,500 8.6% -5.3% RUNCORN 35 $482,500 7.8% $448,000 3.7% 12.0% SALISBURY 20 $485,000 -2.9% $465,000 8.1% 13.4% SANDGATE ~ 16 $620,000 11.9% $528,000 0.1% 11.2% SEVEN HILLS 8 N/A N/A $619,500 6.7% 16.1% SEVENTEEN MILE ROCKS ~ 11 $631,250 -3.8% $590,750 21.9% 25.7% SHERWOOD 11 $632,000 4.5% $727,500 10.2% 11.9% SHORNCLIFFE ~ 2 N/A N/A $735,000 23.1% 20.5% SINNAMON PARK 12 $607,500 1.9% $575,000 2.4% 0.0% ST LUCIA 7 N/A N/A $961,250 15.1% 20.9% STAFFORD 24 $500,000 -3.1% $485,000 7.8% 7.8% STAFFORD HEIGHTS 27 $496,000 -4.2% $496,000 12.7% 15.3% STRETTON 14 $851,000 9.9% $660,000 0.8% 7.8% SUNNYBANK 28 $612,500 4.3% $582,000 9.8% 16.4% SUNNYBANK HILLS 43 $555,000 -3.6% $533,500 10.2% 25.5% TAIGUM 14 $464,000 8.9% $425,000 -1.3% 3.7% TARINGA 6 N/A N/A $750,000 0.1% 1.8% TARRAGINDI 30 $575,500 -6.2% $575,000 4.7% 15.0% THE GAP 56 $570,000 1.8% $570,000 6.5% 11.8% TINGALPA 17 $439,000 -2.4% $440,500 2.1% 6.4% TOOWONG 22 $683,750 -2.3% $706,000 8.6% -2.6% UPPER KEDRON 11 $550,500 N/A $542,500 1.4% 8.5% UPPER MOUNT GRAVATT 31 $519,000 3.8% $500,550 11.2% 17.8% VIRGINIA 6 N/A N/A $450,000 4.7% 9.4% WAKERLEY ~ 30 $715,500 11.1% $664,000 8.9% 16.1% WAVELL HEIGHTS 39 $536,000 8.3% $540,000 8.0% 16.1% WEST END ~ 1 N/A N/A $910,000 18.2% 22.1% WESTLAKE 16 $670,000 8.1% $627,500 12.8% 18.4% WILSTON ~ 13 $912,500 23.7% $788,500 -10.9% 12.5% BRISBANE CITY (LGA) 2678 $560,000 -0.4% $547,500 5.9% 14.8% BRISBANE CITY (LGA) ^ ~ 66 $787,500 -9.8% $875,000 -5.4% -2.8% ACACIA RIDGE 24 $323,000 3.2% $315,000 6.8% 0.6% ALBION 5 N/A N/A $674,500 N/A N/A ALDERLEY 13 $657,500 6.0% $650,000 3.5% 12.9% ALGESTER 23 $430,500 8.5% $420,000 4.5% 9.1% ANNERLEY 19 $685,000 11.9% $597,500 14.7% 10.6% ASCOT 8 N/A N/A $1,127,500 15.6% -5.8% ASHGROVE 29 $785,000 2.6% $782,000 15.1% 24.1% ASPLEY 39 $499,000 3.2% $487,750 0.8% 12.7% AUCHENFLOWER 17 $787,500 0.3% $819,000 -3.4% 12.2% BALD HILLS 26 $388,750 2.3% $372,500 4.9% 1.2% BALMORAL 10 $910,000 9.6% $853,000 9.0% 18.2% BANYO 15 $427,500 0.0% $425,000 6.6% 10.4% BARDON ~ 38 $828,000 18.3% $734,000 -2.1% 3.6% BELLBOWRIE 11 $484,000 N/A $450,000 9.1% 1.1% BELMONT 7 N/A N/A $548,000 4.4% -1.5% BOONDALL 26 $428,000 3.1% $418,000 5.6% 2.2% BRACKEN RIDGE 46 $410,000 -3.0% $415,000 2.6% 5.1% BRIDGEMAN DOWNS 18 $730,000 9.4% $670,000 4.7% 11.7% BRIGHTON 32 $425,000 2.3% $410,000 2.5% 4.9% BULIMBA ~ 16 $1,260,000 25.7% $980,000 7.7% 15.3% BURBANK ^ 4 N/A N/A $1,018,500 N/A N/A CALAMVALE 39 $530,000 -1.7% $531,000 6.0% 11.8% CAMP HILL ~ 34 $675,000 -8.8% $685,000 12.3% 19.1% CANNON HILL 18 $635,000 0.0% $595,000 8.2% 23.7% CARINA ~ 26 $520,000 -7.2% $520,000 6.8% 14.7% CARINA HEIGHTS ~ 10 $706,000 35.2% $575,750 14.6% 25.2% CARINDALE 32 $665,000 -1.5% $685,000 5.4% 8.7% CARSELDINE 32 $520,000 4.0% $520,000 2.0% 5.1% CHANDLER ^ 1 N/A N/A $1,255,000 4.6% N/A CHAPEL HILL 25 $698,500 -1.6% $648,000 7.1% 9.1% CHELMER ~ 10 $650,000 -20.5% $800,000 -10.7% 13.5% CHERMSIDE 11 $485,064 5.6% $485,000 5.4% 11.2% CHERMSIDE WEST 14 $440,000 -6.4% $444,250 3.3% 3.3% CLAYFIELD 19 $907,000 9.9% $812,500 1.6% -3.8% COOPERS PLAINS 8 N/A N/A $465,000 13.1% 16.7% COORPAROO 34 $705,000 1.1% $677,000 13.0% 17.0% CORINDA ~ 10 $467,000 -28.7% $550,000 4.0% -1.8% DARRA 7 N/A N/A $320,000 1.3% -4.2% DEAGON 12 $382,000 N/A $370,000 -1.7% 5.7% DOOLANDELLA 12 $405,000 N/A $411,000 14.3% 15.1% DREWVALE 13 $462,000 10.7% $455,000 -2.3% 4.6% DURACK 16 $358,650 -4.2% $340,000 5.4% 2.1% EAST BRISBANE 6 N/A N/A $663,500 3.7% 8.4% EIGHT MILE PLAINS 27 $651,000 6.9% $629,000 12.3% 22.7% ENOGGERA 15 $580,000 6.7% $558,500 0.2% 7.4% EVERTON PARK 23 $516,000 3.2% $501,000 9.5% 13.6% FAIRFIELD 3 N/A N/A $555,000 6.7% -5.9% FERNY GROVE ~ 13 $555,000 2.3% $540,000 16.1% 17.4% FIG TREE POCKET ~ 12 $875,000 33.6% $800,000 7.7% 16.8% FITZGIBBON 9 N/A N/A $398,500 6.3% -4.2% FOREST LAKE 96 $401,500 2.7% $387,500 3.3% 4.3% GAYTHORNE 5 N/A N/A $545,000 1.2% 1.3% GEEBUNG 17 $491,000 9.8% $435,000 9.0% 7.9% GORDON PARK 9 N/A N/A $647,000 8.3% 11.6% GRACEVILLE 13 $650,000 7.4% $719,000 5.7% 19.8% GRANGE 18 $735,000 4.3% $679,000 1.3% 11.6% GREENSLOPES 16 $640,000 4.5% $590,000 2.2% 11.8% HAMILTON ~ 7 N/A N/A $1,192,000 -14.9% -0.7% HAWTHORNE ~ 13 $987,500 30.8% $955,000 24.0% 34.0% HEATHWOOD 8 N/A N/A $568,500 N/A 10.4% HEMMANT 13 $353,500 -0.4% $382,500 -0.8% -2.9% HENDRA 19 $750,000 10.3% $760,000 7.0% 13.4% HIGHGATE HILL 6 N/A N/A $800,000 8.1% 5.2% HOLLAND PARK 25 $585,000 4.5% $555,000 7.6% 8.8% HOLLAND PARK WEST 24 $545,000 -3.6% $557,000 2.9% 9.2% INALA 14 $285,000 1.4% $281,500 2.4% -2.9% INDOOROOPILLY ~ 20 $620,000 -25.7% $720,000 5.1% 12.9% SALES MARKET - HOUSES (CONT’D) SUBURB NUMBER OF SALES MAR14 MEDIAN SALE MAR14 QTRLY CHANGE MEDIAN SALE 12MTHS MAR14 1YR CHANGE 5YR CHANGE SALES MARKET - HOUSES SUBURB NUMBER OF SALES MAR14 MEDIAN SALE MAR14 QTRLY CHANGE MEDIAN SALE 12MTHS MAR14 1YR CHANGE 5YR CHANGE
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CALL US ON 1300 664 715 or visit agents.directconnect.com.au 8 QUEENSLAND MARKET MONITOR BRISBANE MARKET UPDATES WINDSOR 20 $700,000 6.1% $692,500 7.8% 8.2% WISHART ~ 28 $622,500 17.7% $548,000 6.0% 13.0% WOOLLOONGABBA ~ 10 $621,500 -17.1% $600,500 -1.7% -7.6% WOOLOOWIN ~ 14 $785,000 -1.3% $785,000 18.9% 28.7% WYNNUM 37 $510,000 9.8% $510,000 2.2% 7.4% WYNNUM WEST ~ 44 $466,750 11.1% $448,750 6.2% 2.0% YERONGA 8 N/A N/A $647,500 5.3% -10.1% ZILLMERE 24 $412,000 10.5% $381,500 6.6% 5.7% SALES MARKET - HOUSES (CONT’D) SUBURB NUMBER OF SALES MAR14 MEDIAN SALE MAR14 QTRLY CHANGE MEDIAN SALE 12MTHS MAR14 1YR CHANGE 5YR CHANGE SALES MARKET - UNITS & TOWNHOUSES (CONT’D) SUBURB NUMBER OF SALES MAR14 MEDIAN SALE MAR14 QTRLY CHANGE MEDIAN SALE 12MTHS MAR14 1YR CHANGE 5YR CHANGE BRISBANE CITY (LGA) 1523 $415,000 1.7% $410,000 1.8% 7.9% ALBION 8 N/A N/A $422,053 -21.5% 14.8% ALDERLEY 8 N/A N/A $437,500 12.0% 19.8% ALGESTER 5 N/A N/A $299,500 2.9% -3.4% ANNERLEY ~ t 23 $496,500 36.0% $398,000 9.0% 15.1% ASCOT 17 $420,000 9.2% $389,750 -0.1% -0.6% ASHGROVE 13 $470,000 N/A $420,500 2.6% 14.3% ASPLEY 7 N/A N/A $371,000 9.1% 8.5% AUCHENFLOWER 11 $461,000 -1.4% $481,500 7.0% 12.9% BALMORAL 7 N/A N/A $487,500 -6.7% 16.8% BARDON 5 N/A N/A $530,000 -2.8% N/A BOONDALL 1 N/A N/A $385,000 N/A N/A BOWEN HILLS 12 $441,250 -2.5% $416,750 2.6% -1.7% BRIDGEMAN DOWNS 4 N/A N/A $294,500 N/A N/A BRIGHTON 5 N/A N/A $405,000 N/A N/A BRISBANE CITY 116 $510,000 9.7% $485,000 6.6% 9.0% BULIMBA ~ f 17 $495,000 -19.1% $575,000 1.8% 30.1% CALAMVALE 13 $330,000 N/A $360,900 -2.3% 2.5% CAMP HILL 3 N/A N/A $428,000 -9.9% 16.2% CARINA 32 $415,000 -1.2% $425,000 10.4% 13.6% CARINA HEIGHTS 21 $449,000 9.0% $435,000 1.9% 1.2% CARINDALE 6 N/A N/A $400,500 -2.3% -20.5% CARSELDINE 8 N/A N/A $367,000 -4.9% 6.4% CHERMSIDE 27 $412,500 10.0% $405,000 9.8% 1.3% CLAYFIELD 37 $390,000 0.6% $380,000 7.0% 9.5% COOPERS PLAINS 3 N/A N/A $418,319 2.2% N/A COORPAROO 39 $396,500 6.3% $382,500 4.1% 9.6% CORINDA 5 N/A N/A $365,000 -2.4% 2.5% DOOLANDELLA 9 N/A N/A $348,500 -0.3% N/A DURACK 4 N/A N/A $350,000 -0.6% N/A EAST BRISBANE 10 $380,000 N/A $406,250 -3.3% 9.8% EIGHT MILE PLAINS 15 $402,500 4.5% $371,250 -2.0% 6.1% ELLEN GROVE 2 N/A N/A $346,000 N/A N/A ENOGGERA 10 $416,250 N/A $415,000 3.8% 3.9% EVERTON PARK 30 $384,500 6.7% $380,000 -10.6% 10.1% FAIRFIELD 9 N/A N/A $342,500 -20.2% -9.9% FORTITUDE VALLEY 42 $427,000 3.5% $418,000 2.0% 11.5% GAYTHORNE 10 $410,000 N/A $410,000 6.1% 20.6% GORDON PARK 9 N/A N/A $376,000 11.7% 12.2% GREENSLOPES 18 $372,500 4.8% $365,000 14.2% 2.8% HAMILTON 26 $507,500 -3.3% $505,000 0.4% 18.8% HAWTHORNE 12 $427,500 N/A $475,000 -1.0% 13.4% HENDRA 5 N/A N/A $495,000 N/A N/A HIGHGATE HILL ~ 11 $610,000 6.5% $549,000 22.0% 23.4% HOLLAND PARK WEST 5 N/A N/A $366,000 N/A 4.6% INDOOROOPILLY ~ t 24 $470,000 14.6% $424,750 -0.1% 3.0% KANGAROO POINT ~ f 36 $455,000 -9.5% $508,000 6.6% 20.2% KEDRON ~ 20 $340,000 -7.5% $347,250 6.5% 8.2% KELVIN GROVE ~ 26 $453,000 -9.4% $490,000 0.0% 16.7% KURABY 7 N/A N/A $294,500 4.2% -2.8% LUTWYCHE 10 $380,000 N/A $396,250 -11.9% 20.0% MANLY WEST 7 N/A N/A $342,500 -14.4% -12.5% MCDOWALL 6 N/A N/A $399,000 N/A 5.0% MILTON 8 N/A N/A $412,000 -16.8% 0.5% MITCHELTON 1 N/A N/A $334,000 N/A -12.6% MOOROOKA 10 $342,500 -6.2% $372,000 -0.3% 11.2% MORNINGSIDE ~ t 37 $464,500 12.6% $451,250 6.2% 7.6% MOUNT GRAVATT EAST 13 $397,000 N/A $414,250 9.0% 18.4% MURARRIE 3 N/A N/A $568,500 -7.9% 15.5% NEW FARM 51 $586,000 8.3% $530,000 9.3% 17.8% NEWMARKET 7 N/A N/A $444,000 12.8% 11.0% NEWSTEAD 11 $749,000 -1.4% $765,000 15.0% -15.5% NORMAN PARK 4 N/A N/A $460,000 -0.1% -6.1% NORTHGATE 7 N/A N/A $349,500 -16.8% -6.2% NUNDAH 39 $406,500 -0.9% $415,000 10.7% 9.2% PADDINGTON ~ 14 $358,000 -15.1% $464,500 -7.1% 7.7% RED HILL 6 N/A N/A $400,000 N/A 3.2% RICHLANDS 8 N/A N/A $336,000 0.3% N/A ROCHEDALE 3 N/A N/A $380,000 -1.9% N/A RUNCORN 18 $324,000 2.9% $330,000 -3.4% 3.9% SHERWOOD 11 $450,000 N/A $438,250 6.9% 10.4% SOUTH BRISBANE 22 $487,000 0.4% $475,000 5.0% 18.8% SPRING HILL ~ 32 $310,250 -18.7% $362,000 -3.7% -4.7% ST LUCIA 24 $478,500 6.6% $490,000 2.7% 11.4% STAFFORD 11 $380,500 N/A $395,000 -1.3% 21.5% SUNNYBANK HILLS 10 $340,500 N/A $320,000 -11.4% -1.5% TAIGUM ~ t 10 $340,250 17.3% $315,000 6.8% -3.8% TARINGA 38 $395,000 1.7% $401,500 -2.1% 5.7% TENERIFFE 32 $650,000 6.6% $592,500 4.9% 13.9% TENNYSON 4 N/A N/A $920,000 15.7% N/A THE GAP 5 N/A N/A $449,000 N/A 6.5% TINGALPA 12 $326,400 N/A $326,400 -0.3% 2.0% TOOWONG 38 $455,000 9.6% $433,000 2.6% 8.3% UPPER MOUNT GRAVATT 4 N/A N/A $358,500 -0.4% -10.4% WAKERLEY 4 N/A N/A $432,400 3.0% 8.1% WAVELL HEIGHTS 8 N/A N/A $370,000 N/A -10.8% WEST END ~ f 23 $475,000 -7.8% $511,000 -1.9% -11.9% WINDSOR ~ 13 $412,500 -13.2% $450,000 18.4% 32.2% WISHART 5 N/A N/A $360,000 5.9% 4.0% WOOLLOONGABBA 6 N/A N/A $400,000 -7.0% -8.0% WOOLOOWIN 6 N/A N/A $370,000 9.6% 13.8% WYNNUM 6 N/A N/A $365,000 -2.1% 2.8% WYNNUM WEST * t 5 N/A N/A $373,500 38.3% 20.5% YERONGA 13 $375,000 3.2% $405,500 -1.1% 5.5% ZILLMERE * 25 $352,500 33.8% $351,750 -3.6% 7.7% SALES MARKET - UNITS & TOWNHOUSES
  • 9. 9MARCH QUARTER 2014 BRISBANE MARKET UPDATES 4115 ALGESTER $410 17 $360 26 4116 CALAMVALE $415 17 $385 19 SOUTH EAST - INNER $460 314 $450 327 4151 COORPAROO $455 55 $440 43 4152 CAMP HILL $460 102 $450 106 4170 CANNON HILL $480 94 $435 100 4171 BALMORAL $560 43 $540 56 4172 MURARRIE $430 20 $430 22 SOUTH EAST - OUTER $400 47 $400 43 4154 GUMDALE $430 8 N.A. 4 4173 TINGALPA $400 25 $400 27 4174 HEMANT $400 8 $350 5 SOUTH WEST - INNER $450 169 $440 144 4068 CHELMER $480 79 $470 87 4075 CORINDA $430 90 $390 57 SOUTH WEST - OUTER $360 364 $360 383 4069 BROOKFIELD $445 50 $450 61 4070 ANSTEAD $385 10 $385 15 4073 SEVENTEEN MILE ROCKS $400 21 $390 21 4074 JINDALEE $400 67 $385 82 4076 DARRA $330 26 $330 32 4077 DOOLANDELLA $320 87 $310 59 4078 FOREST LAKE $355 103 $350 113 BRISBANE CITY $420 3234 $410 3365 BAYSIDE $400 139 $395 128 4178 WYNNUM $400 92 $395 87 4179 MANLY $415 47 $400 41 CITY INNER $530 334 $525 365 4000 BRISBANE CITY $580 31 $580 31 4005 NEW FARM $795 18 $650 16 4006 BOWEN HILLS $500 20 $475 13 4064 PADDINGTON $550 63 $560 78 4066 TOOWONG $490 68 $490 59 4067 ST LUCIA $500 32 $470 34 4101 WEST END $580 35 $550 34 4102 WOOLOONGABBA $485 21 $450 36 4169 EAST BRISBANE $510 46 $500 64 NORTH - INNER $470 382 $450 359 4007 ASCOT $500 22 $550 22 4010 ALBION $470 6 $450 13 4011 CLAYFIELD $500 43 $580 39 4012 NUNDAH $420 68 $400 65 4030 LUTWYCHE $485 61 $480 63 4031 GORDON PARK $420 53 $430 53 4051 ALDERLEY $470 127 $445 97 NORTH - OUTER $390 393 $380 438 4013 NORTHGATE $385 18 $400 19 4014 VIRGINIA $390 45 $390 47 4017 BRACKEN RIDGE $400 107 $370 107 4018 FITZGIBBON $390 30 $390 41 4032 CHERMSIDE $400 58 $395 57 4034 ASPLEY $390 113 $380 141 4036 BALD HILLS $365 22 $355 26 NORTH WEST - INNER $520 131 $530 174 4059 KELVIN GROVE $530 58 $550 90 4060 ASHGROVE $490 35 $470 42 4065 BARDON $500 38 $520 42 NORTH WEST - OUTER $420 277 $410 265 4053 STAFFORD $420 177 $410 175 4054 ARANA HILLS $410 59 $410 59 4061 THE GAP $425 41 $440 31 SOUTH - INNER $420 384 $420 409 4103 ANNERLEY $450 60 $450 70 4104 YERONGA $450 20 $450 18 4105 MOOROOKA $405 52 $410 44 4120 GREENSLOPES $450 20 $440 28 4121 HOLLAND PARK $430 92 $425 97 4122 MANSFIELD $405 136 $390 147 SOUTH - OUTER $380 300 $370 330 4106 ROCKLEA $380 17 $370 15 4107 SALISBURY $370 15 $390 32 4108 COOPERS PLAINS $375 23 $370 37 4109 MACGREGOR $390 81 $375 90 4110 ACACIA RIDGE $345 54 $340 47 4112 KURABY $360 11 $385 9 4113 EIGHT MILE PLAINS $380 65 $380 55 BRISBANE CITY (LGA) 119 $320,000 -4.3% $295,000 0.0% 7.3% BRISBANE CITY (LGA) ^ ~ 3 N/A N/A $690,000 -8.0% 38.0% BRIDGEMAN DOWNS 2 N/A N/A $369,000 5.4% 16.8% BRIGHTON 4 N/A N/A $280,000 N/A N/A CARSELDINE * 6 N/A N/A $368,750 22.9% 40.5% DOOLANDELLA 3 N/A N/A $246,000 6.0% 8.4% FITZGIBBON * G 9 N/A N/A $140,000 -25.1% N/A HEATHWOOD 7 N/A N/A $265,000 N/A 8.4% MOGGILL * 15 $270,000 N/A $265,000 8.2% 10.4% OXLEY * 4 N/A N/A $285,000 N/A N/A ROCHEDALE * 4 N/A N/A $397,000 16.8% N/A UPPER KEDRON 2 N/A N/A $295,000 N/A 10.9% BRISBANE CITY $400 5408 $395 5302 BAYSIDE $335 46 $320 62 4178 WYNNUM $350 36 $325 46 4179 MANLY $270 10 $295 16 CITY INNER $480 2284 $470 2188 4000 BRISBANE CITY $580 399 $590 309 4005 NEW FARM $500 299 $510 283 4006 BOWEN HILLS $490 284 $500 290 4064 PADDINGTON $410 82 $400 76 4066 TOOWONG $400 281 $400 329 4067 ST LUCIA $440 295 $420 274 4101 WEST END $510 340 $485 346 4102 WOOLOONGABBA $460 85 $430 75 4169 EAST BRISBANE $470 218 $460 203 NORTH - INNER $360 1027 $360 942 4007 ASCOT $420 175 $430 157 4010 ALBION $385 27 $410 33 4011 CLAYFIELD $360 173 $350 170 4012 NUNDAH $370 200 $365 177 4030 LUTWYCHE $350 166 $335 150 4031 GORDON PARK $340 84 $330 101 4051 ALDERLEY $350 202 $360 153 NORTH - OUTER $350 266 $350 262 4013 NORTHGATE $295 28 $270 19 4017 BRACKEN RIDGE $295 18 $330 23 4018 FITZGIBBON $315 13 $340 16 4032 CHERMSIDE $360 111 $385 121 4034 ASPLEY $360 92 $350 78 NORTH WEST - INNER $435 224 $420 264 4059 KELVIN GROVE $480 163 $440 202 4060 ASHGROVE $380 48 $395 47 4065 BARDON $310 13 $340 15 NORTH WEST - OUTER $380 97 $380 119 4053 STAFFORD $380 95 $380 115 SOUTH - INNER $360 504 $350 504 4103 ANNERLEY $350 134 $340 121 4104 YERONGA $350 45 $350 36 4105 MOOROOKA $350 61 $330 84 4111 NATHAN $300 7 $250 6 4120 GREENSLOPES $360 122 $360 127 4121 HOLLAND PARK $345 39 $340 40 4122 MANSFIELD $385 96 $390 90 SOUTH - OUTER $325 65 $320 77 4106 ROCKLEA $299 7 N.A. 3 4108 COOPERS PLAINS $182 9 $255 8 RENTAL MARKET - 3 BED HOUSES (CONT’D) MAR-14 MAR-13 POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS RENTAL MARKET - 3 BED HOUSES MAR-14 MAR-13 POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS SALES MARKET - VACANT URBAN LAND SUBURB NUMBER OF SALES MAR14 MEDIAN SALE MAR14 QTRLY CHANGE MEDIAN SALE 12MTHS MAR14 1YR CHANGE 5YR CHANGE RENTAL MARKET - 2 BED UNITS
  • 10. it was no surprise to see the Brisbane local government area record the highest number of sales in the $500,000 to $1 million price range 10 QUEENSLAND MARKET MONITOR BRISBANE MARKET UPDATES BRISBANE CITY $410 1859 $410 1824 BAYSIDE $395 77 $395 64 4178 WYNNUM $400 36 $390 36 4179 MANLY $395 41 $410 28 CITY INNER $570 90 $560 111 4000 BRISBANE CITY $550 8 N.A. 3 4006 BOWEN HILLS $520 13 $500 16 4064 PADDINGTON $600 10 $610 16 4066 TOOWONG $520 14 $560 19 4067 ST LUCIA $570 22 $530 33 4101 WEST END $660 10 $650 10 4169 EAST BRISBANE $570 8 $580 9 NORTH - INNER $490 139 $470 142 4007 ASCOT $580 14 $495 8 4011 CLAYFIELD $520 14 $550 19 4012 NUNDAH $450 20 $450 24 4030 LUTWYCHE $475 21 $475 10 4031 GORDON PARK $450 18 $460 17 4051 ALDERLEY $490 52 $470 64 NORTH - OUTER $390 195 $370 249 4013 NORTHGATE $410 15 $430 15 4017 BRACKEN RIDGE $365 36 $365 52 4018 FITZGIBBON $360 29 $370 26 4032 CHERMSIDE $430 36 $450 36 4034 ASPLEY $390 68 $390 61 4036 BALD HILLS $360 10 $284 59 NORTH WEST - INNER $500 29 $510 21 4059 KELVIN GROVE $500 18 $500 14 4060 ASHGROVE $490 7 N.A. 3 NORTH WEST - OUTER $420 49 $420 56 4053 STAFFORD $420 38 $420 49 4054 ARANA HILLS $385 10 N.A. 4 SOUTH - INNER $450 179 $440 168 4103 ANNERLEY $500 38 $470 30 4104 YERONGA $470 23 $465 22 4105 MOOROOKA $450 25 $440 19 4120 GREENSLOPES $510 25 $490 14 4121 HOLLAND PARK $450 5 $450 16 4122 MANSFIELD $420 62 $410 66 SOUTH - OUTER $390 458 $390 410 4107 SALISBURY $485 6 $475 6 4109 MACGREGOR $410 77 $410 71 4110 ACACIA RIDGE $340 56 $345 7 4112 KURABY $375 30 $370 21 4113 EIGHT MILE PLAINS $405 148 $400 165 4115 ALGESTER $385 46 $370 28 4116 CALAMVALE $385 92 $375 107 SOUTH EAST - INNER $480 259 $470 261 4151 COORPAROO $475 24 $500 14 4152 CAMP HILL $451 123 $440 124 4170 CANNON HILL $495 71 $480 88 4171 BALMORAL $610 29 $560 23 4172 MURARRIE $485 12 $495 12 SOUTH EAST - OUTER $410 87 $405 65 4153 BELMONT $435 12 $430 15 4154 GUMDALE $410 49 $410 28 4173 TINGALPA $385 24 $375 19 SOUTH WEST - INNER $475 111 $460 104 4068 CHELMER $525 55 $550 49 4075 CORINDA $410 56 $400 55 SOUTH WEST - OUTER $350 186 $350 173 4073 SEVENTEEN MILE ROCKS $425 9 $395 14 4074 JINDALEE $455 17 $440 26 4077 DOOLANDELLA $345 123 $345 94 4078 FOREST LAKE $360 29 $350 14 4109 MACGREGOR $400 38 $385 46 SOUTH EAST - INNER $375 440 $375 452 4151 COORPAROO $360 185 $360 190 4152 CAMP HILL $360 46 $370 41 4170 CANNON HILL $375 96 $380 127 4171 BALMORAL $425 109 $450 92 SOUTH EAST - OUTER $320 6 N.A. 3 4173 TINGALPA $320 5 N.A. 3 SOUTH WEST - INNER $385 426 $380 406 4068 CHELMER $385 358 $385 354 4075 CORINDA $365 68 $345 52 SOUTH WEST - OUTER $335 23 $325 23 4069 BROOKFIELD $395 5 N.A. 2 4076 DARRA $260 5 N.A. 4 4078 FOREST LAKE $340 12 $330 12 RENTAL MARKET - 2 BED UNITS (CONT’D) MAR-14 MAR-13 POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS RENTAL MARKET - 3 BED TOWNHOUSES MAR-14 MAR-13 POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
  • 11. GREATER BRISBANE 11MARCH QUARTER 2014 BRISBANE MARKET UPDATES With the housing market in SEQ well into the recovery phase, the greater Brisbane area continued to post strong sales activity over the March quarter. Both the house and unit markets recorded increases in activity as well as shorter days on market compared to a year ago. Median sale price growth was varied, but largely due to varying segments of the market performing better than others. HOUSE MARKET Over the March quarter 2014 the Brisbane Statistical Division recorded a drop of 1.1 per cent in its median house price to $460,000. This was a result of strong sales activity in the affordable outer suburbs. Ipswich, Redland and Moreton Bay all recorded strong sales activity growth, while Logan also recorded healthy activity. Median house price growth is still subdued, except for Logan, where sale prices have been trending upwards for three consecutive quarters now. With favourable market conditions making vendors more confident, total listings are up on 12 months ago, most notably in the Logan and Moreton Bay regions. In Ipswich where buyer demand is reportedly very strong, listing numbers are down 5 per cent compared to a year ago. Despite this, the region still has the highest days on market for the greater Brisbane region as well as the largest average vendor discount at 7.1 per cent. According to local agents, investor levels remain robust with many favouring houses over units, due to better rental returns. Buyers demand is said to be most prominent for houses priced up to $330,000 and this is reflected in the price point data for the quarter, which saw the sub-$350,000 bracket record the highest increase in preliminary sales numbers. Top increases in preliminary sales numbers were recorded in Redbank Plains in Ipswich, Logan’s Shailer Park, North Lakes in Moreton Bay and Victoria Point in Redland City. With medians no higher than the mid-$400,000-mark, these suburbs are increasing in popularity given good value sale prices and access to local amenities and major arterial roads. UNIT AND TOWNHOUSE MARKET The unit and townhouse market in the greater Brisbane area is leading the way with sales activity up 18 per cent across the region. Logan City and Moreton Bay local government areas recorded the highest increases in sales volumes, up 50 and 39 per cent respectively over the March quarter. Over the quarter, sales were up in Caboolture and North Lakes, where some new townhouse developments have proven popular with buyers. Capalaba in Redland City also posted a healthy increase in sales volumes, as did Marsden in Logan City and Goodna in Ipswich. Average days on market for most of the surrounding council areas have shortened compared to a year ago, with Logan City and Redland City posting the best improvement. Average vendor discounting for units and townhouses has also reduced, with most areas recording an improvement of at least 2.2 per cent. RENTAL MARKET As at the end of March, the greater Brisbane area saw the largest decline in its vacancy rate, down to 1.9 per cent at the end of March. Logan City and Redland City recorded the largest drops, both down 0.8 percentage points to 1.2 and 1.6 per cent respectively. Local agents had reported a slowdown in new residential developments coupled with increased tenant demand. In recent months however, a number of new developments popular with investors have come onto the market, which local agents say will keep a lid on asking rents. Despite the tight rental conditions, median weekly rents from the RTA have continued to remain relatively steady over the March quarter.
  • 12. 12 QUEENSLAND MARKET MONITOR BRISBANE MARKET UPDATES SLACKS CREEK 29 $295,000 8.3% $282,000 4.4% -4.7% SPRINGWOOD ~ 16 $418,500 -11.4% $416,000 4.0% 4.0% TANAH MERAH 8 N/A N/A $370,000 -2.2% -2.6% UNDERWOOD ~ 16 $480,000 12.1% $461,500 3.2% 19.2% WATERFORD 4 N/A N/A $355,500 5.3% -8.4% WATERFORD WEST 8 N/A N/A $285,000 1.8% -6.9% WINDAROO 7 N/A N/A $400,000 N/A 2.6% WINDAROO + ~ 12 $413,000 -14.0% $438,000 N/A 6.2% WOODRIDGE ~ 30 $259,000 12.6% $247,500 7.6% -5.3% YARRABILBA 6 N/A N/A $366,900 N/A N/A MORETON BAY (LGA) 1077 $382,000 -1.5% $380,000 1.9% 2.7% MORETON BAY (LGA) ^ ~ 125 $537,000 -5.4% $550,000 2.2% 0.0% ALBANY CREEK 45 $505,500 -6.5% $505,000 6.8% 7.1% ARANA HILLS ~ 18 $429,000 -10.6% $439,000 0.6% -0.2% BANKSIA BEACH ~ f 30 $419,000 -3.1% $435,000 -11.2% -7.6% BEACHMERE ~ f 12 $305,000 N/A $285,000 -5.0% -16.1% BELLARA 9 N/A N/A $310,000 0.0% -3.7% BELLMERE 20 $315,000 -2.3% $315,000 -1.6% -8.7% BONGAREE ~ 20 $468,000 18.5% $387,500 7.9% 3.3% BRAY PARK 31 $361,500 -2.3% $350,000 1.4% -0.6% BURPENGARY ^ 6 N/A N/A $516,120 2.2% -1.7% BURPENGARY ~ 28 $355,000 10.1% $340,000 1.1% -0.4% BURPENGARY EAST ^ ~ 14 $520,000 -8.4% $503,650 -1.6% -1.6% CABOOLTURE 46 $308,000 9.0% $282,750 -0.8% -5.8% CABOOLTURE ^ 9 N/A N/A $443,500 0.2% -1.4% CABOOLTURE SOUTH 18 $260,000 -9.6% $260,000 -0.1% -8.8% CASHMERE 11 $650,000 N/A $602,500 11.6% 14.3% CASHMERE ^ 2 N/A N/A $636,000 -3.5% -0.5% CLONTARF 26 $374,000 2.5% $356,000 4.7% 1.7% DAKABIN 7 N/A N/A $398,750 N/A N/A DECEPTION BAY 49 $281,000 -4.9% $285,000 1.8% -9.4% EATONS HILL 22 $547,750 6.9% $525,000 4.6% 4.0% EATONS HILL ^ 4 N/A N/A $674,000 6.4% 0.1% ELIMBAH ^ 4 N/A N/A $502,500 1.5% 5.0% EVERTON HILLS 19 $481,600 3.9% $471,000 5.4% 12.4% FERNY HILLS 22 $484,000 5.4% $452,000 2.7% 6.7% GRIFFIN 10 $414,000 N/A $410,000 2.6% 6.4% HIGHVALE ^ 2 N/A N/A $726,710 -4.4% 3.8% JOYNER 5 N/A N/A $505,000 4.4% 9.5% KALLANGUR 79 $343,500 6.8% $330,000 3.1% -2.9% KIPPA-RING ~ 29 $357,500 -10.6% $355,000 1.4% 1.4% LAWNTON ~ 17 $280,000 -13.8% $325,000 0.0% 0.0% MANGO HILL 22 $448,000 9.3% $425,768 0.4% 1.9% MARGATE 29 $371,150 0.3% $365,000 9.0% 6.8% MORAYFIELD 37 $310,000 0.0% $300,000 2.7% -7.7% MORAYFIELD ^ 10 $560,000 5.7% $505,000 5.4% -2.9% MURRUMBA DOWNS ~ 26 $516,250 20.1% $437,500 4.2% 5.4% NARANGBA 49 $415,000 -3.6% $415,500 0.4% 3.9% NEWPORT ~ f 14 $820,000 39.7% $750,000 6.4% -10.4% NINGI 6 N/A N/A $340,000 12.4% N/A NINGI ^ 7 N/A N/A $475,000 2.7% -1.0% NORTH LAKES 78 $439,000 -1.3% $438,900 2.1% -0.3% PETRIE ~ 35 $355,100 -15.3% $360,350 0.1% 0.1% REDCLIFFE ~ 21 $340,000 -23.6% $366,000 7.6% 1.7% ROTHWELL ~ 18 $412,500 17.6% $360,000 2.0% -5.3% SAMFORD VALLEY ^ 6 N/A N/A $810,000 1.3% 4.2% SANDSTONE POINT 9 N/A N/A $380,000 5.6% -1.4% SCARBOROUGH 32 $447,500 -4.2% $451,000 12.9% 17.1% STRATHPINE 27 $346,500 -1.0% $341,000 6.6% 3.0% UPPER CABOOLTURE 9 N/A N/A $316,500 2.9% -5.9% UPPER CABOOLTURE ^ 5 N/A N/A $505,000 N/A 5.0% WAMURAN ^ ~ 5 N/A N/A $460,000 0.0% -16.0% WARNER 25 $466,250 2.9% $460,000 2.2% 4.5% WOODY POINT ~ 18 $350,000 -21.8% $385,000 -3.3% 7.1% WOORIM 9 N/A N/A $413,250 N/A 4.0% BRISBANE (SD) 5317 $460,000 -1.1% $455,000 4.6% 11.5% BRISBANE (SD) ^ 358 $550,000 0.5% $550,000 3.2% 1.9% IPSWICH CITY (LGA) 486 $301,680 -2.1% $302,000 2.4% -2.6% IPSWICH CITY (LGA) ^ ~ 30 $420,000 -10.6% $446,565 2.1% 0.4% AUGUSTINE HEIGHTS 13 $473,400 5.5% $502,750 3.4% N/A BELLBIRD PARK 5 N/A N/A $322,500 7.1% 0.0% BOOVAL 5 N/A N/A $257,500 -1.0% -5.0% BRASSALL 21 $331,000 8.5% $310,000 1.6% -9.8% BUNDAMBA ~ 19 $235,000 -13.0% $269,500 9.1% -2.7% CAMIRA 16 $317,500 -5.2% $330,000 -1.2% -1.5% COLLINGWOOD PARK 27 $302,500 7.3% $298,500 -0.5% -8.9% EAST IPSWICH 9 N/A N/A $238,500 -8.3% -13.3% EASTERN HEIGHTS ~ 16 $288,000 14.7% $249,000 1.6% -6.7% FLINDERS VIEW ~ 19 $349,000 -9.4% $349,500 10.3% -10.4% GOODNA 16 $261,000 -6.8% $275,000 10.0% -8.3% IPSWICH ~ 3 N/A N/A $320,000 16.4% 0.9% KARALEE ^ 7 N/A N/A $505,000 1.8% 13.2% LEICHHARDT 10 $219,000 2.5% $210,000 0.0% -14.3% NEWTOWN 5 N/A N/A $308,000 N/A -4.6% NORTH BOOVAL 6 N/A N/A $230,000 0.0% -13.2% NORTH IPSWICH ~ 25 $230,000 -6.1% $230,000 -1.0% -18.9% ONE MILE 7 N/A N/A $220,000 0.7% -13.9% RACEVIEW 36 $288,500 -0.1% $286,250 -3.0% -7.7% REDBANK PLAINS 54 $290,500 -0.3% $285,500 2.0% -6.1% RIVERVIEW ~ 7 N/A N/A $212,250 N/A -16.8% ROSEWOOD 8 N/A N/A $252,000 4.1% 0.8% SILKSTONE ~ 14 $286,500 9.6% $265,000 9.1% -3.8% SPRINGFIELD 17 $410,850 6.7% $385,000 6.9% 2.4% SPRINGFIELD LAKES 66 $400,000 2.6% $385,000 1.2% -1.3% WOODEND 4 N/A N/A $285,000 N/A -4.7% YAMANTO 15 $337,500 0.4% $335,000 -0.7% 0.9% LOGAN CITY (LGA) 605 $352,000 2.0% $343,000 3.9% 2.3% LOGAN CITY (LGA) ^ 118 $520,000 3.0% $500,000 4.2% 1.0% BEENLEIGH ~ 24 $290,000 -8.7% $285,000 1.8% -11.5% BETHANIA 12 $286,500 N/A $282,500 -0.9% -5.8% BORONIA HEIGHTS 15 $320,000 3.6% $303,000 -0.7% -0.7% BROWNS PLAINS 13 $307,500 2.8% $310,000 5.1% 0.0% BUCCAN ^ 2 N/A N/A $535,500 N/A -2.3% CEDAR GROVE ^ 3 N/A N/A $416,500 9.6% 8.9% CEDAR VALE ^ 11 $440,000 -1.7% $447,500 9.1% 6.0% CHAMBERS FLAT ^ 3 N/A N/A $485,000 N/A -6.7% CORNUBIA ^ 5 N/A N/A $650,000 N/A N/A CORNUBIA ~ 28 $461,000 12.4% $455,000 -2.2% 3.4% CRESTMEAD 27 $288,500 -3.8% $279,000 1.5% -5.7% DAISY HILL ~ 21 $437,000 12.8% $405,000 8.0% 4.5% EAGLEBY 17 $242,000 -1.4% $247,500 -1.0% -13.0% EDENS LANDING 17 $348,500 2.9% $342,400 3.8% -1.9% FORESTDALE ^ 5 N/A N/A $660,000 8.0% 10.0% GREENBANK ^ 12 $484,000 -0.7% $506,000 3.3% -3.5% HERITAGE PARK ~ 16 $392,500 -14.7% $377,500 -1.9% -0.7% HILLCREST 9 N/A N/A $320,000 0.5% -3.0% JIMBOOMBA 9 N/A N/A $368,000 3.7% -2.9% JIMBOOMBA ^ ~ 20 $433,500 -8.7% $450,000 0.0% 1.1% KINGSTON 29 $250,500 -3.7% $250,000 6.2% -7.8% LOGAN CENTRAL 10 $270,000 4.4% $250,000 7.8% -5.8% LOGAN VILLAGE ^ 5 N/A N/A $507,500 10.3% 6.8% LOGANHOLME 16 $316,000 -4.2% $360,000 1.4% 4.3% LOGANLEA 15 $310,000 N/A $283,500 -5.5% -5.5% MARSDEN 22 $306,500 -2.7% $306,500 0.9% -1.1% MEADOWBROOK 7 N/A N/A $349,900 -4.1% -6.7% MOUNT WARREN PARK 17 $340,000 7.9% $340,000 3.5% -0.4% MUNRUBEN ^ 6 N/A N/A $485,000 0.4% -4.5% NEW BEITH ^ 7 N/A N/A $545,000 9.2% 3.3% NORTH MACLEAN ^ ~ 6 N/A N/A $427,500 N/A -16.2% REGENTS PARK 42 $356,000 -0.1% $353,000 1.1% 0.9% ROCHEDALE SOUTH 41 $440,000 4.8% $425,000 10.4% 11.8% SHAILER PARK 56 $463,000 -3.0% $455,500 1.9% 4.7% SALES MARKET - HOUSES SUBURB NUMBER OF SALES MAR14 MEDIAN SALE MAR14 QTRLY CHANGE MEDIAN SALE 12MTHS MAR14 1YR CHANGE 5YR CHANGE SALES MARKET - HOUSES (CONT’D) SUBURB NUMBER OF SALES MAR14 MEDIAN SALE MAR14 QTRLY CHANGE MEDIAN SALE 12MTHS MAR14 1YR CHANGE 5YR CHANGE
  • 13. 146 787 1529 171112 722 1401 164 <$350,000 $350,000+ $500,000+ $1m+ BRISBANE CITY HOUSE SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 908 939 362 14 973 972 409 18 <$350,000 $350,000+ $500,000+ $1m+ BRISBANE SURROUNDS HOUSE SALES (p) DEC 13 MAR 14 INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 115 517 418 6570 480 490 77 <$350,000 $350,000+ $500,000+ $1m+ GOLD COAST HOUSE SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 101 394 278 33 81 437 311 31 <$350,000 $350,000+ $500,000+ $1m+ SUNSHINE COAST HOUSE SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. (p) Prelim Source: R (p) Prelim Source: R (p) Prelim Source: R (p) Prelim Source: R 47 294 560 314 44 330 651 371 <$250,000 $250,000+ $350,000+ $500,000+ BRISBANE CITY UNIT SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 132 132 79 36 182 207 99 43 <$250,000 $250,000+ $350,000+ $500,000+ BRISBANE SURROUNDS UNIT SALES (p) DEC 13 MAR 14 INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 204 380 292 192 235 447 391 241 <$250,000 $250,000+ $350,000+ $500,000+ GOLD COAST UNIT SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 187 132 181 164 SUNSHINE COAST UNIT SALES (p) DEC 13 MAR 14 (p) Prelim Source: R (p) Prelim Source: R (p) Prelim Source: R 16 32 28 1013 59 38 9 <$250,000 $250,000+ $350,000+ $500,000+ BRISBANE CITY LAND SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 220 49 14 7 243 53 21 5 <$250,000 $250,000+ $350,000+ $500,000+ BRISBANE SURROUNDS LAND SALES (p) DEC 13 MAR 14 Includes IPSWICH, LOGAN, MORETON BAY & REDLAND (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 45 64 GOLD COAST LAND SALES (p) DEC 13 MAR 14 (p) Prelim Source: RE (p) Prelim Source: R 13MARCH QUARTER 2014 BRISBANE MARKET UPDATES KALLANGUR 9 N/A N/A $286,750 -4.4% -11.8% KIPPA-RING 8 N/A N/A $255,000 -1.2% -22.7% LAWNTON 12 $210,000 N/A $209,000 -22.3% -18.7% MANGO HILL 2 N/A N/A $340,000 -2.9% N/A MARGATE 4 N/A N/A $310,000 3.0% -1.1% MORAYFIELD 2 N/A N/A $287,500 -7.3% 13.4% MURRUMBA DOWNS 7 N/A N/A $349,000 -0.3% 1.2% NARANGBA 2 N/A N/A $335,000 N/A N/A NORTH LAKES * t 18 $358,000 N/A $359,000 -1.6% -9.1% REDCLIFFE 32 $310,000 -0.8% $330,000 -11.4% 1.5% SANDSTONE POINT 9 N/A N/A $339,950 N/A -4.9% SCARBOROUGH 20 $407,500 5.3% $381,500 5.7% 0.3% STRATHPINE 8 N/A N/A $250,000 N/A -8.7% WOODY POINT 9 N/A N/A $325,000 -6.5% -3.0% REDLAND CITY (LGA) ~ f 79 $322,500 -8.1% $339,000 -1.7% 2.7% CAPALABA 24 $285,000 5.6% $280,000 -6.4% -7.0% CLEVELAND ~ f 19 $374,000 -11.0% $375,000 7.1% 4.5% ORMISTON 8 N/A N/A $344,500 -24.7% 2.8% THORNESIDE 9 N/A N/A $312,250 16.9% 0.7% BRISBANE (SD) 2087 $385,000 0.0% $380,000 0.2% 8.3% IPSWICH CITY (LGA) ~ t 49 $255,500 16.7% $263,250 -4.3% -2.1% BRASSALL 7 N/A N/A $252,000 N/A -8.4% GOODNA 9 N/A N/A $217,500 N/A -7.7% REDBANK PLAINS 4 N/A N/A $217,500 -20.7% -11.2% LOGAN CITY (LGA) 180 $227,500 -5.2% $250,000 -14.4% -1.2% BEENLEIGH 7 N/A N/A $170,000 -8.1% -28.6% EAGLEBY 10 $198,500 N/A $268,000 -13.0% -6.6% LOGAN CENTRAL 11 $172,000 N/A $165,000 N/A -9.8% LOGANLEA 3 N/A N/A $289,857 -8.9% 3.0% MARSDEN 14 $259,000 N/A $329,000 0.0% N/A ROCHEDALE SOUTH 10 $271,000 N/A $264,000 -4.0% -2.2% SLACKS CREEK 9 N/A N/A $188,500 1.9% -20.8% SPRINGWOOD 14 $231,500 N/A $249,500 -0.2% -5.8% UNDERWOOD 7 N/A N/A $399,000 5.6% 8.0% WATERFORD WEST 7 N/A N/A $185,000 N/A -17.8% WOODRIDGE 25 $175,500 -1.1% $175,000 -1.1% -12.5% MORETON BAY (LGA) 256 $308,500 3.2% $316,000 -3.4% 3.4% ARANA HILLS 6 N/A N/A $371,800 9.2% N/A BANKSIA BEACH 9 N/A N/A $399,800 17.6% 26.5% BELLARA 4 N/A N/A $270,000 2.3% N/A BONGAREE ~ f 13 $305,500 18.6% $287,000 -2.4% -2.7% BRENDALE 13 $256,000 1.2% $255,000 -22.5% -11.4% CABOOLTURE 20 $200,000 N/A $227,000 -5.8% -16.5% CLONTARF ~ f 14 $455,000 12.1% $420,000 29.2% 27.3% DECEPTION BAY 11 $223,750 N/A $220,000 1.6% -15.5% GRIFFIN 0 N/A N/A $352,500 N/A N/A REDLAND CITY (LGA) 471 $460,000 1.0% $459,000 2.5% 6.1% REDLAND CITY (LGA) ^ ~ 19 $797,500 N/A $795,000 10.4% -0.6% ALEXANDRA HILLS 56 $412,500 1.9% $400,000 3.9% 3.9% BIRKDALE 38 $479,000 1.9% $470,000 5.6% 3.2% CAPALABA 35 $408,900 -0.3% $412,500 2.7% 3.1% CAPALABA ^ 4 N/A N/A $830,000 7.1% 12.9% CLEVELAND 51 $550,000 5.8% $515,000 0.0% 0.0% MACLEAY ISLAND ~ 17 $175,000 N/A $187,000 -13.6% -27.5% MOUNT COTTON 15 $456,500 0.3% $456,500 -0.8% 3.3% ORMISTON 22 $525,000 -4.2% $570,000 3.6% 0.9% REDLAND BAY 49 $473,000 -2.5% $480,000 1.6% 0.0% RUSSELL ISLAND ~ 14 $236,950 26.0% $190,000 8.6% -13.6% SHELDON ^ ~ 7 N/A N/A $772,500 16.2% N/A THORNESIDE 11 $435,000 N/A $390,000 -1.6% 1.0% THORNLANDS ~ 38 $555,750 10.0% $515,000 1.5% 0.5% VICTORIA POINT 65 $470,000 2.2% $464,750 5.6% 4.4% WELLINGTON POINT ~ 48 $470,000 -9.2% $518,250 1.4% 6.9% SURROUNDS LOCKYER VALLEY (LGA) 25 $227,500 5.8% $240,000 -3.0% -5.9% LOCKYER VALLEY (LGA) ^ 45 $334,250 -2.3% $326,000 -1.2% 0.3% GATTON 15 $226,250 -6.8% $250,000 0.0% -9.1% KENSINGTON GROVE ^ 4 N/A N/A $312,000 -2.5% -2.5% LAIDLEY ~ 8 N/A N/A $212,500 -14.4% -11.5% PLAINLAND ^ 3 N/A N/A $320,000 -2.3% -2.7% REGENCY DOWNS ^ 4 N/A N/A $292,000 -1.4% -6.6% WITHCOTT ^ 3 N/A N/A $362,500 3.1% N/A SOMERSET (LGA) ~ 33 $244,000 -12.9% $260,000 0.0% 10.6% SOMERSET (LGA) ^ ~ 41 $333,250 -14.3% $341,500 0.4% 1.5% ESK 9 N/A N/A $217,500 N/A -1.1% FERNVALE ^ 6 N/A N/A $396,750 N/A N/A LOWOOD ^ 4 N/A N/A $280,000 N/A -8.2% LOWOOD ~ 4 N/A N/A $267,000 -16.6% 17.1% MINDEN ^ 6 N/A N/A $332,000 N/A 1.5% TOOGOOLAWAH 8 N/A N/A $207,000 15.0% -4.4% SALES MARKET - HOUSES (CONT’D) SUBURB NUMBER OF SALES MAR14 MEDIAN SALE MAR14 QTRLY CHANGE MEDIAN SALE 12MTHS MAR14 1YR CHANGE 5YR CHANGE SALES MARKET - UNITS & TOWNHOUSES (CONT’D) SUBURB NUMBER OF SALES MAR14 MEDIAN SALE MAR14 QTRLY CHANGE MEDIAN SALE 12MTHS MAR14 1YR CHANGE 5YR CHANGE SALES MARKET - UNITS & TOWNHOUSES
  • 14. 14 QUEENSLAND MARKET MONITOR BRISBANE MARKET UPDATES IPSWICH CITY $300 773 $290 802 4300 AUGUSTINE HEIGHTS $335 196 $330 202 4301 COLLINGWOOD PARK $310 109 $300 100 4303 DINMORE $270 30 $270 26 4304 BLACKSTONE $285 75 $270 99 4305 BASIN POCKET $280 287 $275 291 4306 AMBERLEY $300 53 $330 51 4340 ASHWELL $285 19 $280 30 LOGAN CITY $330 903 $330 950 4114 KINGSTON $315 163 $300 140 4118 BROWNS PLAINS $340 96 $330 106 4119 UNDERWOOD $385 9 $360 13 4123 PRIESTS GULLY $380 56 $370 50 4124 BORONIA HEIGHTS $330 48 $330 39 4125 MUNRUBEN $425 6 $400 7 4127 CHATSWOOD HILLS $350 94 $340 110 4128 KIMBERLEY PARK $380 26 $370 33 4129 LOGANDALE $350 22 $345 36 4130 CARBROOK $355 10 $385 10 4131 LOGANLEA $330 31 $340 39 4132 CRESTMEAD $325 86 $320 104 4133 CHAMBERS FLAT $360 28 $350 37 4205 BETHANIA $310 17 $310 23 4207 ALBERTON $330 186 $315 178 4280 JIMBOOMBA $360 23 $390 24 MORETON BAY REGIONAL $330 1042 $330 1095 4019 CLONTARF $350 72 $340 80 4020 NEWPORT $350 67 $340 62 4021 KIPPA-RING $340 24 $335 28 4022 ROTHWELL $350 21 $335 17 4035 ALBANY CREEK $400 24 $390 33 4055 BUNYA $430 37 $400 36 4500 BRAY PARK $350 90 $350 76 4501 LAWNTON $330 23 $330 24 4502 FRENCHS FOREST $330 26 $345 17 4503 DAKABIN $350 93 $340 96 4504 NARANGBA $330 28 $340 27 4505 BURPENGARY $335 27 $304 24 4506 MOORINA $290 59 $290 71 4507 BANKSIA BEACH $330 42 $320 61 4508 DECEPTION BAY $305 106 $295 104 4509 MANGO HILL $375 74 $370 81 4510 BALINGOOL $290 176 $285 188 4511 GODWIN BEACH $305 14 $310 21 4512 BRACALBA $330 5 $290 7 4514 BELLTHORPE $310 16 $300 16 4520 ARMSTRONG CREEK $440 9 $430 12 4521 CAMPBELLS POCKET $350 5 $370 6 REDLAND CITY $380 340 $365 338 4157 CAPALABA $380 42 $375 31 4158 THORNESIDE $375 8 $380 11 4159 AQUATIC PARADISE $390 23 $375 37 4160 EROBIN $400 31 $400 42 4161 ALEXANDRA HILLS $390 45 $370 38 4163 CLEVELAND $390 39 $380 39 4164 PINKLANDS $370 15 $390 11 4165 MOUNT COTTON $400 63 $375 54 4184 COOCHIEMUDLO ISLAND $235 71 $240 69 LOCKYER VALLEY REGIONAL $280 132 $270 122 4341 BLENHEIM $270 64 $270 51 4342 CROWLEY VALE $280 16 $260 15 4343 ADARE $290 42 $270 51 4344 CARPENDALE $250 5 N.A. 3 4347 GRANTHAM $260 5 N.A. 2 SOMERSET REGIONAL $260 60 $280 67 4311 ATKINSONS DAM $270 25 $265 29 4312 BRYDEN $220 9 $245 9 4313 BIARRA $230 13 $250 7 4515 GLENFERN $290 13 $295 22 BRISBANE (SD) 441 $219,000 1.9% $209,900 0.0% 2.9% BRISBANE (SD) ^ 83 $265,000 -5.2% $260,000 -2.6% 4.2% IPSWICH CITY (LGA) 57 $172,000 -0.3% $169,900 -2.9% 0.5% IPSWICH CITY (LGA) ^ 10 N/A N/A $239,500 6.4% 0.4% AUGUSTINE HEIGHTS 2 N/A N/A $200,000 -0.5% -10.0% BELLBIRD PARK * 5 N/A N/A $185,000 -9.8% 8.5% BRASSALL 2 N/A N/A $175,000 2.9% 0.0% BUNDAMBA 1 N/A N/A $153,000 -1.3% N/A DEEBING HEIGHTS 2 N/A N/A $150,000 -0.8% N/A GOODNA 6 N/A N/A $185,000 2.8% 10.8% KARALEE ^ 5 N/A N/A $255,000 N/A 6.9% LEICHHARDT 6 N/A N/A $145,000 N/A N/A RACEVIEW 2 N/A N/A $169,000 3.7% 0.3% REDBANK PLAINS * 3 N/A N/A $140,000 -13.3% -17.1% SPRINGFIELD LAKES 11 $166,000 N/A $175,000 -2.8% 10.1% LOGAN CITY (LGA) ~ * 66 $195,500 23.0% $180,000 -7.7% -5.3% LOGAN CITY (LGA) ^ ~ 22 $273,750 15.3% $247,500 -2.8% 6.7% HOLMVIEW 5 N/A N/A $180,970 -2.1% -13.0% JIMBOOMBA 5 N/A N/A $175,000 N/A 2.2% JIMBOOMBA ^ * 3 N/A N/A $204,500 N/A 9.4% LOGAN RESERVE * 7 N/A N/A $156,000 -1.9% N/A MARSDEN 3 N/A N/A $180,000 -7.7% N/A NEW BEITH ^ 4 N/A N/A $257,000 -2.5% 7.1% REGENTS PARK 4 N/A N/A $225,000 N/A N/A UNDERWOOD * 5 N/A N/A $372,000 29.2% 14.5% WATERFORD 2 N/A N/A $179,000 -5.8% 3.5% WOODHILL ^ 1 N/A N/A $217,450 N/A N/A YARRABILBA * 9 N/A N/A $145,000 -11.0% N/A MORETON BAY (LGA) 112 $211,635 -7.6% $209,760 1.3% 1.3% MORETON BAY (LGA) ^ ~ 47 $270,000 -13.2% $266,000 -3.4% -8.3% BANKSIA BEACH 11 $401,000 N/A $435,000 N/A -4.4% BRAY PARK 4 N/A N/A $204,500 N/A -7.0% BURPENGARY 1 N/A N/A $210,000 0.0% N/A BURPENGARY EAST ^ 6 N/A N/A $311,250 N/A N/A CABOOLTURE ^ * 6 N/A N/A $260,000 N/A N/A CABOOLTURE ~ * 10 $165,950 -18.4% $180,000 -2.7% -7.5% DAKABIN * 18 $200,000 N/A $197,250 -1.3% N/A GRIFFIN * MANGO HILL 6 N/A N/A $225,000 7.1% 3.0% MORAYFIELD 5 N/A N/A $172,000 -8.3% -9.2% MURRUMBA DOWNS 3 N/A N/A $247,000 N/A 7.4% NARANGBA 8 N/A N/A $199,875 1.5% -4.8% NORTH LAKES 9 N/A N/A $222,620 4.3% 7.0% WAMURAN ^ * 13 $235,000 N/A $235,000 N/A N/A WARNER * 4 N/A N/A $225,000 -0.9% 0.0% WOODFORD ^ 3 N/A N/A $204,250 N/A N/A REDLAND CITY (LGA) ~ f 87 $40,000 33.3% $87,500 -62.8% 16.7% MACLEAY ISLAND ~ f 14 $26,500 11.6% $25,750 -26.4% -61.7% MOUNT COTTON 3 N/A N/A $250,000 -2.7% 1.7% REDLAND BAY 4 N/A N/A $263,750 -0.5% -0.5% RUSSELL ISLAND * f 35 $22,000 4.8% $20,000 -13.0% -63.6% THORNLANDS 12 $280,500 -1.1% $280,000 1.8% N/A VICTORIA POINT 3 N/A N/A $267,500 N/A -6.1% WELLINGTON POINT * 4 N/A N/A $330,000 N/A N/A SURROUNDS LOCKYER VALLEY (LGA) 11 N/A N/A $99,000 -23.6% -13.9% LOCKYER VALLEY (LGA) ^ 10 N/A N/A $120,000 0.0% -9.1% HATTON VALE ^ 0 N/A N/A $136,000 -4.7% N/A LAIDLEY NORTH * 9 N/A N/A $100,000 N/A N/A WITHCOTT ^ * 2 N/A N/A $147,000 N/A N/A SOMERSET (LGA) 7 N/A N/A $135,000 -1.5% 5.5% FERNVALE 4 N/A N/A $142,000 -3.4% 10.9% SALES MARKET - VACANT LAND (CONT’D) SUBURB NUMBER OF SALES MAR14 MEDIAN SALE MAR14 QTRLY CHANGE MEDIAN SALE 12MTHS MAR14 1YR CHANGE 5YR CHANGE RENTAL MARKET - 3 BED HOUSES (CONT’D) MAR-14 MAR-13 POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
  • 15. With the housing market in SEQ well into the recovery phase, the greater Brisbane area continued to post strong sales activity over the March quarter Find out more EXPERTS’ GUIDE TO BUYING PROPERTY INFORMATION CAN BE HARD TO FIND BRISBANE - Sat 23 Aug - AND - Sat 11 Oct 15MARCH QUARTER 2014 BRISBANE MARKET UPDATES IPSWICH CITY $310 134 $305 110 4300 AUGUSTINE HEIGHTS $330 56 $350 30 4301 COLLINGWOOD PARK $310 20 $300 20 4304 BLACKSTONE $305 26 $300 30 4305 BASIN POCKET $305 30 $315 29 LOGAN CITY $330 455 $330 380 4114 KINGSTON $320 61 $310 48 4118 BROWNS PLAINS $340 66 $340 56 4119 UNDERWOOD $380 16 $350 11 4123 PRIESTS GULLY $350 7 $350 11 4127 CHATSWOOD HILLS $320 51 $320 47 4128 KIMBERLEY PARK $350 7 $320 12 4130 CARBROOK $370 5 N.A. 3 4131 LOGANLEA $350 29 $350 17 4132 CRESTMEAD $340 67 $340 43 4133 CHAMBERS FLAT $315 22 $315 27 4207 ALBERTON $320 121 $320 96 MORETON BAY REGIONAL $330 605 $330 496 4019 CLONTARF $340 15 $310 17 4020 NEWPORT $335 12 $320 11 4021 KIPPA-RING $335 49 $325 65 4035 ALBANY CREEK $380 8 $380 5 4500 BRAY PARK $340 40 $335 39 4501 LAWNTON $300 5 $340 10 4502 FRENCHS FOREST $320 11 $320 18 4503 DAKABIN $340 183 $335 134 4504 NARANGBA $340 7 $340 14 4505 BURPENGARY $295 38 $315 28 4506 MOORINA $310 19 $300 20 4508 DECEPTION BAY $300 84 $305 43 4509 MANGO HILL $345 111 $340 48 4510 BALINGOOL $290 19 $290 28 REDLAND CITY $385 114 $380 82 4157 CAPALABA $370 17 $350 6 4158 THORNESIDE $385 24 $380 9 4159 AQUATIC PARADISE $415 5 N.A. 4 4160 EROBIN $385 21 $375 11 4163 CLEVELAND $400 28 $370 30 4165 MOUNT COTTON $390 16 $385 16 LOCKYER VALLEY REGIONAL N.A. 7 N.A. 9 4343 ADARE $250 6 $275 8 IPSWICH CITY $248 155 $245 132 4300 AUGUSTINE HEIGHTS $255 37 $260 27 4301 COLLINGWOOD PARK $260 21 $260 16 4304 BLACKSTONE $240 15 $220 22 4305 BASIN POCKET $240 77 $240 66 LOGAN CITY $260 167 $255 213 4114 KINGSTON $250 52 $250 65 4127 CHATSWOOD HILLS $310 19 $320 27 4128 KIMBERLEY PARK $290 10 $285 6 4131 LOGANLEA $260 6 $260 8 4133 CHAMBERS FLAT $239 6 $172 15 4207 ALBERTON $260 57 $250 73 4280 JIMBOOMBA $265 5 N.A. 2 MORETON BAY REGIONAL $280 460 $270 465 4019 CLONTARF $280 71 $265 71 4020 NEWPORT $310 82 $310 84 4500 BRAY PARK $290 33 $285 22 4501 LAWNTON $280 11 $270 10 4503 DAKABIN $280 48 $275 42 4505 BURPENGARY $285 6 $265 9 4506 MOORINA $265 12 $205 22 4507 BANKSIA BEACH $285 69 $265 64 4508 DECEPTION BAY $260 11 $290 19 4509 MANGO HILL $300 18 $300 9 4510 BALINGOOL $255 81 $240 86 REDLAND CITY $320 72 $310 82 4157 CAPALABA $320 7 $225 19 4158 THORNESIDE $295 5 $295 6 4159 AQUATIC PARADISE $304 5 $320 8 4160 EROBIN $300 7 $325 6 4163 CLEVELAND $350 37 $345 33 4165 MOUNT COTTON $173 5 N.A. 4 LOCKYER VALLEY REGIONAL $240 15 $230 25 4343 ADARE $240 10 $230 20 RENTAL MARKET - 2 BED UNITS MAR-14 MAR-13 POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS RENTAL MARKET - 3 BED TOWNHOUSES MAR-14 MAR-13 POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
  • 16. 16 QUEENSLAND MARKET MONITOR REGIONAL MARKET UPDATES Prestige acreage house sales were also selling well, resulting in the Gold Coast’s acreage house price increasing 9 per cent to $687,000 for the March quarter. Investors are said to be increasingly active, with many looking to purchase affordably priced low rise properties priced and mid-range prices in high rise apartments. UNIT AND TOWNHOUSE MARKET The Gold Coast unit and townhouse market performed strongly over the quarter, with preliminary sales numbers up 19 per cent and the median unit price up 2.9 per cent to $350,000. All price points recorded an increase in activity over the quarter with the highest increase in demand recorded in the $350,000-plus price bracket, up 34 per cent. Prestige waterfront unit sales were also selling well with strong demand for properties located in the suburbs of Palm Beach, Paradise Point, Main Beach and Southport. New unit sales were also up in the suburb of Biggera Waters with sales in two highrise developments located within the Harbour Quays Estate. According to local agents, the $670 million revamp of Pacific Fair shopping centre is creating jobs and fuelling demand for rental properties. After Southport and Labrador, Broadbeach recorded the third highest preliminary unit sales numbers for the quarter. RENTAL MARKET According to the REIQ’s March rental survey, tenant demand on the Gold Coast remains high, however increased investor activity is reportedly helping offset this, seeing the vacancy rate easing to 2.2 per cent. Despite the increase in rental stock, some local agents say these are the tightest conditions they’ve seen in a few years, with vacancies taking only 1 to 2 weeks on the market.Median weekly rents from the RTA are up, with three bedroom house rentals posting an increase of $15 and two bedroom units up $10 for the March quarter compared to 12 months ago. HOUSE SALES MARKET Over the March quarter 2014, the Gold Coast residential property market was one of the star performers with solid median house price growth and consistent sales activity. Over the year to March, the Gold Coast recorded the highest increase in sales activity of all major local government areas, with preliminary sales numbers showing an increase of around 20 per cent. With growing confidence in the Gold Coast market, the median house price increased 4.2 per cent to $500,000 with the $500,000-plus price bracket taking over as the most popular price point, after posting an increase of 17 per cent in preliminary sales numbers. The one million dollar plus price bracket also recorded strong increased activity, while the affordable end of the market saw a decline in activity. According to local agents, the Gold Coast market was starting to show signs of turning the corner and this was reflected by solid median price increases. And while buyers were still somewhat cautious, properties that stacked up were selling well. Strong demand was evident for properties in suburbs surrounding the Gold Coast Health and Knowledge Precinct, with sales activity up the highest for the nearby suburbs of Southport, Ashmore, Labrador and Parkwood over the year to March. Sales over the year were also strong for the northern corridor suburbs of Ormeau, Upper Coomera, Helensvale and Oxenford. Properties are spending less time on the market with both houses and units recording lower average days on market compared to 12 months ago. Average vendor discounting was also improved, showing growing confidence in the market from both buyers and sellers. Local agent’s report increasing demand for prestige property with many properties selling well above the reserve price at auction, with waterfront property in particular selling well. Such sales were seen in the suburbs of Biggera Waters, Currumbin Waters and Paradise Point, resulting in significant increases in their median house price over the March quarter. GOLD COAST
  • 17. 17 REGIONAL MARKET UPDATES MARCH QUARTER 2014 GOLD COAST CITY (LGA) 101 $231,000 0.4% $230,000 1.7% -4.2% GOLD COAST CITY (LGA) ^ ~ 8 N/A N/A $354,250 1.2% -25.4% COOMERA * 8 N/A N/A $225,000 N/A -4.3% GILSTON * 11 $257,000 N/A $250,000 13.6% 8.3% ORMEAU 6 N/A N/A $225,000 0.0% 0.1% ORMEAU HILLS 7 N/A N/A $214,900 2.3% N/A PIMPAMA * 28 $216,500 -3.3% $220,000 -4.6% N/A REEDY CREEK 7 N/A N/A $309,000 N/A -0.3% UPPER COOMERA 13 $229,450 N/A $226,750 3.1% -5.5% WILLOW VALE 3 N/A N/A $195,000 N/A N/A SURROUNDS SCENIC RIM (LGA) 3 N/A N/A $178,100 -0.8% -2.1% SCENIC RIM (LGA) ^ 11 N/A N/A $216,500 8.8% 28.1% GOLD COAST CITY (LGA) 1454 $350,000 2.9% $350,000 1.4% -4.1% ARUNDEL 9 N/A N/A $305,000 2.5% -1.6% ASHMORE 17 $293,750 N/A $262,500 -0.5% -12.2% BENOWA 23 $423,280 -0.4% $465,000 -16.2% -1.6% BIGGERA WATERS * f 43 $316,000 12.9% $384,000 20.0% 15.0% BILINGA ~ f 8 N/A N/A $428,750 24.8% -27.9% BROADBEACH ~ f 78 $380,000 -8.2% $401,000 -20.2% -8.8% BROADBEACH WATERS ~ f 8 N/A N/A $386,000 21.6% -3.5% BUNDALL 6 N/A N/A $355,000 15.4% 1.4% BURLEIGH HEADS 54 $391,000 -5.1% $370,000 2.8% -8.6% BURLEIGH WATERS 27 $337,500 5.8% $330,000 6.5% -12.0% CARRARA 31 $374,000 -7.2% $375,000 -5.8% -7.4% CLEAR ISLAND WATERS 7 N/A N/A $444,500 1.0% 18.5% COOLANGATTA 37 $400,000 5.3% $375,000 -5.1% -16.7% COOMBABAH 21 $320,000 5.6% $299,000 -0.3% -3.5% COOMERA - t * 23 $240,055 3.9% $236,000 -22.6% -15.7% CURRUMBIN 10 $370,000 N/A $380,000 -6.2% -19.6% CURRUMBIN WATERS 10 $343,500 9.0% $300,000 7.1% -8.3% ELANORA 17 $304,000 -0.7% $293,000 5.6% -5.5% HELENSVALE ~ t f 14 $400,000 24.6% $325,000 0.0% -11.7% HIGHLAND PARK 3 N/A N/A $276,000 N/A -2.4% HOPE ISLAND 71 $497,500 -3.4% $490,000 -4.3% -19.7% LABRADOR 98 $322,500 5.7% $310,000 8.8% -1.6% MAIN BEACH ~ f 34 $657,500 27.1% $585,000 10.8% -6.4% MERMAID BEACH ~ f 26 $292,000 -13.2% $333,500 5.0% -7.4% MERMAID WATERS ~ 20 $262,750 -17.9% $292,000 -0.2% -7.2% MERRIMAC ~ t 18 $280,000 N/A $377,500 25.8% 21.8% MIAMI 29 $345,000 -1.4% $340,000 -0.7% -5.6% MUDGEERABA 21 $281,000 N/A $321,000 4.2% -4.2% NERANG ~ 35 $255,000 -10.5% $270,000 6.4% -6.4% ORMEAU 10 $273,000 N/A $302,500 -7.2% -14.9% OXENFORD 16 $265,500 N/A $265,000 8.8% -5.4% PACIFIC PINES ~ 21 $320,000 -11.1% $365,000 5.8% 0.0% PALM BEACH ~ f 38 $375,000 32.0% $337,500 9.2% -4.9% PARADISE POINT ~ f 23 $545,000 28.2% $540,000 -5.3% 25.9% PIMPAMA 9 N/A N/A $361,400 -7.1% N/A REEDY CREEK ~ 16 $316,500 17.2% $275,000 3.8% -7.7% ROBINA 37 $397,500 3.6% $415,260 -1.1% -5.6% RUNAWAY BAY ~ f 35 $435,000 -16.3% $435,000 7.4% 3.6% SOUTH STRADBROKE 2 N/A N/A $140,000 N/A N/A SOUTHPORT ~ f 122 $340,000 18.9% $327,000 9.0% -12.0% SURFERS PARADISE 207 $330,000 1.5% $350,000 0.6% -10.6% TUGUN 19 $358,000 -0.6% $360,000 4.3% -13.5% UPPER COOMERA - 13 $305,000 8.9% $293,000 5.0% -7.0% VARSITY LAKES 37 $390,000 5.4% $365,000 3.5% -7.6% GOLD COAST CITY (LGA) ~ 1243 $500,000 4.2% $485,000 4.3% 3.2% GOLD COAST CITY (LGA) ^ ~ 124 $687,000 9.0% $660,000 6.5% -1.5% ARUNDEL 31 $452,500 -1.6% $460,000 -3.2% -3.2% ASHMORE ~ 43 $506,000 16.9% $455,000 4.6% -1.1% BENOWA 20 $674,000 -2.5% $688,750 8.5% -1.6% BIGGERA WATERS ~ f 13 $730,000 58.4% $557,500 17.4% 11.5% BONOGIN ^ 10 $525,000 N/A $570,000 -0.4% -8.1% BROADBEACH WATERS 33 $815,000 -6.1% $800,000 15.8% -1.5% BUNDALL 29 $735,000 -2.0% $756,000 8.7% -11.6% BURLEIGH HEADS ~ 16 $562,500 -8.5% $585,000 16.3% 11.2% BURLEIGH WATERS 37 $575,000 -0.7% $561,500 8.0% 5.0% CARRARA ~ 31 $479,250 14.8% $439,000 6.4% 2.1% CLEAR ISLAND WATERS 14 $905,000 7.4% $801,500 6.9% -5.7% COOMBABAH 30 $391,000 4.6% $390,000 -2.5% -2.0% COOMERA ~ f 18 $409,000 -15.5% $354,026 1.2% -9.2% CURRUMBIN 6 N/A N/A $637,500 2.8% N/A CURRUMBIN VALLEY ^ 8 N/A N/A $785,000 10.1% N/A CURRUMBIN WATERS ~ f 23 $525,000 23.0% $502,500 11.7% 5.1% ELANORA 25 $535,000 8.1% $490,000 7.1% 2.1% HELENSVALE 84 $484,000 5.2% $470,000 4.8% 2.2% HELENSVALE ^ ~ 3 N/A N/A $796,250 3.9% -12.3% HIGHLAND PARK 21 $452,500 1.7% $425,000 7.6% 7.6% HOLLYWELL 11 $485,000 N/A $540,000 13.7% 6.9% HOPE ISLAND ~ f 23 $482,000 -33.4% $486,500 8.1% -1.7% JACOBS WELL 0 N/A N/A $355,000 -7.8% -11.3% LABRADOR ~ 28 $445,000 21.9% $406,000 8.3% -1.5% MAUDSLAND 8 N/A N/A $445,000 5.3% 6.0% MERMAID BEACH ~ f 8 N/A N/A $875,000 1.7% -19.4% MERMAID WATERS 29 $640,000 -6.2% $630,000 2.4% 0.0% MERRIMAC 10 $420,500 6.5% $407,500 7.5% -0.3% MIAMI 18 $519,000 4.0% $520,000 7.5% 3.7% MOLENDINAR 17 $500,000 8.7% $479,000 4.1% 1.9% MUDGEERABA 27 $473,750 -0.1% $465,000 9.4% 5.7% MUDGEERABA ^ 6 N/A N/A $635,000 4.7% 0.4% NERANG 36 $376,500 9.8% $360,000 6.7% -4.0% NERANG ^ 3 N/A N/A $700,000 N/A N/A ORMEAU 51 $423,000 -1.1% $406,500 0.4% -3.2% ORMEAU ^ 4 N/A N/A $635,000 -0.8% 5.8% ORMEAU HILLS 6 N/A N/A $450,542 1.8% N/A OXENFORD 40 $425,000 -6.6% $430,000 6.2% 1.4% PACIFIC PINES 44 $454,250 0.9% $455,000 3.4% 1.1% PALM BEACH 39 $547,500 1.4% $525,000 4.0% 1.0% PARADISE POINT ~ f 27 $810,000 29.1% $797,500 -5.1% -5.1% PARKWOOD ~ 19 $530,157 17.8% $452,500 1.3% 0.6% PIMPAMA 4 N/A N/A $377,500 5.6% N/A REEDY CREEK 15 $609,000 0.5% $607,000 -1.3% -1.1% ROBINA ~ 55 $500,000 -8.3% $527,000 5.4% 1.3% RUNAWAY BAY ~ 20 $655,000 11.3% $727,500 2.5% -10.2% SOUTHPORT 40 $442,500 6.4% $431,000 6.4% -4.2% SURFERS PARADISE ~ f 15 $1,100,000 -7.9% $1,150,000 0.7% -16.2% TALLAI ^ 12 $712,500 -3.4% $727,500 7.5% 7.8% TALLEBUDGERA ^ ~ 14 $842,500 28.6% $675,000 9.3% -8.2% TALLEBUDGERA VALLEY ^ 4 N/A N/A $730,500 N/A N/A TUGUN 23 $491,500 N/A $496,250 13.6% 9.1% UPPER COOMERA 82 $425,000 7.9% $389,000 1.0% -4.0% VARSITY LAKES 29 $480,000 3.2% $470,000 2.4% 3.8% WILLOW VALE ^ 3 N/A N/A $776,500 0.8% N/A WONGAWALLAN ^ 3 N/A N/A $710,000 N/A N/A WORONGARY 9 N/A N/A $380,000 -1.3% 0.3% WORONGARY ^ ~ 12 $715,000 21.4% $593,000 3.9% 3.2% YATALA ^ 3 N/A N/A $605,000 N/A N/A SURROUNDS SCENIC RIM (LGA) ~ 39 $362,500 15.1% $349,000 2.6% 2.6% SCENIC RIM (LGA) ^ 41 $480,000 -3.0% $460,000 2.2% 1.1% BEAUDESERT 11 $320,000 3.2% $310,000 1.6% -0.6% BOONAH 7 N/A N/A $280,000 3.7% -0.3% SALES MARKET - HOUSES (CONT’D) SUBURB NUMBER OF SALES MAR14 MEDIAN SALE MAR14 QTRLY CHANGE MEDIAN SALE 12MTHS MAR14 1YR CHANGE 5YR CHANGE SALES MARKET - HOUSES SUBURB NUMBER OF SALES MAR14 MEDIAN SALE MAR14 QTRLY CHANGE MEDIAN SALE 12MTHS MAR14 1YR CHANGE 5YR CHANGE SALES MARKET - VACANT LAND SALES MARKET - UNITS & TOWNHOUSES KOORALBYN ^ 3 N/A N/A $311,000 -0.1% -3.6% TAMBORINE ^ 14 $582,500 N/A $497,475 4.1% 1.7% TAMBORINE MOUNTAIN 17 $420,000 -2.3% $402,750 2.0% -13.9% TAMBORINE MOUNTAIN ^ ~ 4 N/A N/A $597,500 -12.1% -9.5%
  • 18. Despite the increase in rental stock, some local agents say these are the tightest conditions they’ve seen in a few years 18 QUEENSLAND MARKET MONITOR REGIONAL MARKET UPDATES 4275 BENOBBLE $440 9 $380 11 4285 ALLENVIEW $300 51 $310 45 4307 COLEYVILLE $250 5 N.A. 4 4310 ALLANDALE $275 15 $265 10 GOLD COAST CITY $430 1032 $415 1046 4208 BURNSIDE $380 32 $365 30 4209 COOMERA $370 106 $365 93 4210 OXENFORD $420 18 $385 20 4211 ADVANCETOWN $400 130 $390 115 4212 HELENSVALE $449 61 $460 69 4213 BONOGIN $430 42 $420 48 4214 ARUNDEL $420 90 $410 85 4215 LABRADOR $400 115 $390 113 4216 PARADISE POINT $400 76 $390 73 4217 BENOWA $550 54 $525 51 4218 BROADBEACH $510 56 $490 66 4220 BURLEIGH HEADS $470 52 $450 76 4221 ELANORA $460 43 $450 43 4223 CURRUMBIN $460 27 $460 32 4224 TUGUN $400 9 $415 14 4225 BILINGA $395 7 $480 5 4226 CLEAR ISLAND WATERS $460 70 $440 67 4227 REEDY CREEK $460 42 $430 41 SCENIC RIM REGIONAL $330 119 $350 120 4270 TAMBORINE $370 5 N.A. 4 4271 EAGLE HEIGHTS $385 11 $380 16 4272 MOUNT TAMBORINE $380 19 $380 21 <$350,000 $350,000+ $500,000+ $1m+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 115 517 418 6570 480 490 77 <$350,000 $350,000+ $500,000+ $1m+ GOLD COAST HOUSE SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 101 394 278 33 81 437 311 31 <$350,000 $350,000+ $500,000+ $1m+ SUNSHINE COAST HOUSE SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 146 42 10 156 21 7 <$350,000 $350,000+ $500,000+ BUNDABERG HOUSE SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. (p) Preliminary Source: REIQ, <$350,000 $350,000+ $500,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 21 73 27 21 51 24 <$350,000 $350,000+ $500,000+ GLADSTONE HOUSE SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 1 (p) Preliminary. S Source: REIQ, da (p) Preliminary Source: REIQ, d 47 44 <$250,000 $250,000+ $350,000+ $500,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 132 132 79 36 182 207 99 43 <$250,000 $250,000+ $350,000+ $500,000+ BRISBANE SURROUNDS UNIT SALES (p) DEC 13 MAR 14 INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 204 380 292 192 235 447 391 241 <$250,000 $250,000+ $350,000+ $500,000+ GOLD COAST UNIT SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 74 187 132 7979 181 164 109 <$250,000 $250,000+ $350,000+ $500,000+ SUNSHINE COAST UNIT SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 17 9 2 18 9 0 <$250,000 $250,000+ $350,000+ BUNDABERG UNIT SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. (p) Prelimina Source: REIQ 18 10 1 18 9 10 <$250,000 $250,000+ $350,000+ FRASER COAST UNIT SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 2 3 3 5 5 7 <$250,000 $250,000+ $350,000+ GLADSTONE UNIT SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. (p) Preliminary Source: REIQ, d (p) Prelimina Source: REIQ (p) Preliminar Source: REIQ, <$250,000 $250,000+ $350,000+ (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 16 32 28 1013 59 38 9 <$250,000 $250,000+ $350,000+ $500,000+ BRISBANE CITY LAND SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 220 49 14 7 243 53 21 5 <$250,000 $250,000+ $350,000+ $500,000+ BRISBANE SURROUNDS LAND SALES (p) DEC 13 MAR 14 Includes IPSWICH, LOGAN, MORETON BAY & REDLAND (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 45 24 3 6 64 26 5 6 <$250,000 $250,000+ $350,000+ $500,000+ GOLD COAST LAND SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 40 21 12 4 50 20 15 10 <$250,000 $250,000+ $350,000+ $500,000+ SUNSHINE COAST LAND SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 25 0 0 30 1 1 <$250,000 $250,000+ $350,000+ BUNDABERG LAND SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. (p) Prelimin Source: REI 41 3 0 42 1 2 <$250,000 $250,000+ $350,000+ FRASER COAST LAND SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 25 2 2 14 1 0 <$250,000 $250,000+ $350,000+ GLADSTONE LAND SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. (p) Prelimin Source: REIQ (p) Prelimina Source: REIQ 25 2 2 36 7 0 <$250,000 $250,000+ $350,000+ TOOWOOMBA LAND SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. (p) Prelimina Source: REIQ RENTAL MARKET - 3 BED HOUSES MAR-14 MAR-13 POSTCODE LOCALITIES MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS RENTAL MARKET - 3 BED HOUSES (CONT’D) MAR-14 MAR-13 POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS GOLD COAST CITY $360 2771 $350 2772 4209 COOMERA $285 8 $280 6 4210 OXENFORD $295 21 $295 21 4211 ADVANCETOWN $330 44 $365 55 4212 HELENSVALE $390 52 $380 61 4214 ARUNDEL $216 27 $295 20 4215 LABRADOR $350 704 $340 623 4216 PARADISE POINT $350 218 $340 185 4217 BENOWA $400 603 $400 651 4218 BROADBEACH $360 321 $345 369 4220 BURLEIGH HEADS $380 195 $360 210 4221 ELANORA $310 151 $310 171 4223 CURRUMBIN $365 39 $325 30 4224 TUGUN $340 58 $280 40 4225 BILINGA $330 120 $310 111 4226 CLEAR ISLAND WATERS $400 53 $395 78 4227 REEDY CREEK $370 151 $370 131 SCENIC RIM REGIONAL $216 42 $215 31 4272 MOUNT TAMBORINE $265 6 N.A. 2 4285 ALLENVIEW $210 26 $200 24 GOLD COAST CITY $380 1135 $370 1281 4208 BURNSIDE $370 14 $365 23 4209 COOMERA $355 160 $345 174 4210 OXENFORD $350 13 $340 19 4211 ADVANCETOWN $365 202 $355 228 4212 HELENSVALE $420 42 $400 31 4213 BONOGIN $385 27 $360 42 4214 ARUNDEL $365 52 $360 55 4215 LABRADOR $380 133 $390 149 4216 PARADISE POINT $370 78 $360 96 4217 BENOWA $450 52 $420 52 4218 BROADBEACH $400 25 $395 26 4220 BURLEIGH HEADS $395 35 $400 45 4221 ELANORA $380 32 $350 22 4223 CURRUMBIN $360 10 $365 13 4224 TUGUN $430 28 $430 34 4226 CLEAR ISLAND WATERS $430 154 $410 171 4227 REEDY CREEK $420 77 $410 97 RENTAL MARKET - 2 BED UNITS RENTAL MARKET - 3 BED TOWNHOUSES
  • 19. 19 REGIONAL MARKET UPDATES MARCH QUARTER 2014 Local agents also report improving conditions in the prestige market, with some top sales being recorded in suburbs such as East Toowoomba. The suburb’s median house price increased 6.4 per cent to $415,000, making it the third most expensive for the quarter. UNIT & TOWNHOUSE MARKET Like other parts of SEQ, the Toowoomba unit and townhouse market has begun to find momentum, with preliminary sales numbers continuing to trend upwards, with the region recording its fifth consecutive quarterly increase. The sub-$250,000 price bracket continues to be the most popular amongst buyers, most notably investors. Top performing suburbs over the quarter included Kearneys Springs and South Toowoomba which both recoded an increase in activity compared to the December quarter. RENTAL MARKET Of the major regional centres, outside of the Tourism Centres, Toowoomba’s rental market is the only one to continue to experience tight conditions. In Toowoomba the vacancy rate remains at record lows. At the end of March the vacancy rate was little changed since December, up 0.1 percentage points to 1.4 per cent. With such consistent demand for rental property, local agents expect investor interest, most notable from interstate to pick up in the next 12 months. Despite continued tight rental conditions, median weekly rents are yet to increase significantly, with three bedroom houses recording an increase of just $10 to $300 per week over the March quarter. Following a strong December quarter, the Toowoomba property market saw consistent sales numbers for the house market, while the unit and townhouse market continued in its stride. Outside of metropolitan Brisbane, Toowoomba is currently the fastest selling region with average days on market over the 12 months to February for houses coming down 16 days to 71 and units & townhouses down an impressive 32 days to 75. Toowoomba is also currently leading the way with the percentage of profit making sales over the past year. According to statistics from RP data, 95 per cent of houses and 92 per cent of units and townhouses sold for a profit over the 12 months to February – both results the highest for the state. According to local agents, a steady stream of new listings was coming online to meet the growing demand for quality stock. HOUSE MARKET Over the March quarter, Toowoomba’s median house price eased 1.2 per cent to $325,000 with preliminary sales numbers also easing 2 per cent, compared to the December quarter. Over the 12 months to March however, Toowoomba recorded the highest increase in house sales activity, up 18 per cent, with an increase of 8.2 per cent in the median sale price for the year – also the top result for all major local government areas. According to local agents, while there had been a slight softening at the upper end of the market, houses priced below $500,000 were being snapped up quickly. Over the March quarter, the busiest segment of the market was reportedly the $350,000 to $450,000 price bracket. This was reflected in the REIQ’s price point data which showed the $350,000 to $500,000 price point the only one to record an increase in activity. The most popular type of properties, local agents say, are the four-bedroom, two-bathroom, double garage style houses, which are favoured by both investors and renters. Top performing suburbs to record the highest increase in sales activity over the year include Centenary Heights, Middle Ridge and Newtown. TOOWOOMBA HOUSEPRICEPOINT 64 FRASER COAST HOUSE SALES (p) DEC 13 MAR 14 MACKAY HOUSE SALES (p) DEC 13 MAR 14 178 80 30 144 78 30 <$350,000 $350,000+ $500,000+ ROCKHAMPTON HOUSE SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 297 155 43 288 163 39 <$350,000 $350,000+ $500,000+ TOOWOOMBA HOUSE SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 47 294 560 314 44 330 651 371 <$250,000 $250,000+ $350,000+ $500,000+ BRISBANE CITY UNIT SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 132 132 79 36 182 207 99 43 <$250,000 $250,000+ $350,000+ $500,000+ BRISBANE SURROUNDS UNIT SALES (p) DEC 13 MAR 14 INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 380 447 391 GOLD COAST UNIT SALES (p) DEC 13 MAR 14 17 18 BUNDABERG UNIT SALES (p) DEC 13 MAR 14 18 10 1 18 9 10 <$250,000 $250,000+ $350,000+ FRASER COAST UNIT SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. (p) Prelim Source: R (p) Prelim Source: R 37 34 7 42 36 14 <$250,000 $250,000+ $350,000+ TOOWOOMBA UNIT SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 16 32 28 1013 59 38 9 <$250,000 $250,000+ $350,000+ $500,000+ BRISBANE CITY LAND SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. BRISBANE SURROUNDS LAND SALES (p) DEC 13 MAR 14 Includes IPSWICH, LOGAN, MORETON BAY & REDLAND FRASER COAST LAND SALES (p) DEC 13 MAR 14 (p) Pre Source 25 2 2 36 7 0 <$250,000 $250,000+ $350,000+ TOOWOOMBA LAND SALES (p) DEC 13 MAR 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
  • 20. 20 QUEENSLAND MARKET MONITOR REGIONAL MARKET UPDATES TOOWOOMBA (LGA) 101 $270,000 2.7% $270,000 5.9% 21.6% CENTENARY HEIGHTS 7 N/A N/A $322,500 2.1% N/A EAST TOOWOOMBA ~ t 11 $243,000 -21.6% $237,000 3.7% 12.3% HARRISTOWN ~ t 10 $251,000 N/A $263,000 N/A N/A KEARNEYS SPRING 13 $281,500 N/A $285,000 7.5% 19.7% NEWTOWN 8 N/A N/A $237,000 0.0% 11.5% RANGEVILLE 8 N/A N/A $319,000 10.0% 17.3% SOUTH TOOWOOMBA 11 $272,000 N/A $265,000 N/A N/A TOOWOOMBA CITY 4 N/A N/A $300,000 N/A 36.4% WILSONTON 6 N/A N/A $241,000 -0.4% 8.3% SURROUNDS WESTERN DOWNS (LGA) 11 N/A N/A $357,000 2.7% N/A CHINCHILLA 6 N/A N/A $357,000 9.0% N/A TOOWOOMBA (LGA) 526 $325,000 -1.2% $324,000 8.2% 23.4% TOOWOOMBA (LGA) ^ ~ 102 $520,000 8.8% $472,500 8.6% 23.4% CAMBOOYA 4 N/A N/A $250,000 N/A N/A CENTENARY HEIGHTS 21 $337,000 -0.9% $335,000 8.9% 21.8% CLIFTON 3 N/A N/A $197,500 N/A 8.4% COTSWOLD HILLS ^ 4 N/A N/A $525,000 N/A N/A CROWS NEST 11 $235,000 N/A $245,000 -3.9% 25.6% DARLING HEIGHTS 24 $324,000 -0.6% $323,000 5.9% 19.1% EAST TOOWOOMBA 22 $415,000 6.4% $395,000 11.9% 10.5% GLENVALE 13 $339,000 1.3% $338,000 0.9% 19.0% GLENVALE ^ 1 N/A N/A $490,000 -6.7% 12.6% GOWRIE JUNCTION ^ ~ 8 N/A N/A $417,000 N/A 41.4% HARLAXTON ~ 11 $290,000 26.1% $270,000 12.0% 18.0% HARRISTOWN ~ 40 $299,100 -7.4% $299,550 13.3% 26.4% HIGHFIELDS 9 N/A N/A $457,250 3.9% 17.2% HIGHFIELDS ^ ~ * 29 $497,500 3.4% $500,000 9.9% 26.6% HODGSON VALE ^ 5 N/A N/A $535,000 11.5% N/A KEARNEYS SPRING 31 $345,000 -4.2% $350,000 5.4% 24.0% KINGSTHORPE 7 N/A N/A $272,500 8.1% 25.6% KLEINTON 5 N/A N/A $446,000 N/A N/A MERINGANDAN WEST 10 $370,000 N/A $369,500 N/A N/A MERINGANDAN WEST ^ 2 N/A N/A $325,000 4.3% 10.6% MIDDLE RIDGE 26 $453,500 -1.1% $461,000 3.6% 17.2% MIDDLE RIDGE ^ 5 N/A N/A $735,000 10.1% N/A MOUNT LOFTY ~ 20 $414,500 11.7% $365,000 9.0% 8.3% NEWTOWN 65 $299,500 7.3% $280,000 9.8% 21.7% NORTH TOOWOOMBA ~ 17 $319,000 29.7% $283,750 6.7% 23.4% OAKEY 12 $205,750 N/A $221,400 14.1% 13.8% PITTSWORTH 11 $257,500 N/A $273,750 7.4% 19.0% RANGEVILLE 34 $377,500 2.0% $385,000 6.1% 14.2% ROCKVILLE ~ 18 $295,000 15.2% $252,000 2.0% 12.0% SOUTH TOOWOOMBA 19 $300,000 1.0% $295,000 12.8% 18.0% TOOWOOMBA CITY ~ 12 $323,500 N/A $316,250 17.1% 23.5% WESTBROOK 22 $430,000 N/A $429,000 7.3% 17.5% WILSONTON 17 $325,000 5.9% $291,000 5.4% 20.1% WILSONTON HEIGHTS 14 $282,500 -4.2% $272,000 2.3% 20.9% SURROUNDS GOONDIWINDI (LGA) 18 $259,000 5.7% $228,000 6.0% 1.1% GOONDIWINDI ~ 11 $375,000 50.0% $280,000 5.7% 11.1% SOUTHERN DOWNS (LGA) 53 $260,000 4.0% $248,000 10.2% 10.2% SOUTHERN DOWNS (LGA) ^ 20 $315,000 0.0% $300,600 0.2% 1.4% STANTHORPE 8 N/A N/A $229,250 1.9% 5.2% WARWICK 34 $275,000 10.0% $255,000 10.9% 10.9% WESTERN DOWNS (LGA) 35 $270,000 -14.7% $294,000 -5.2% 27.8% WESTERN DOWNS (LGA) ^ ~ 17 $309,500 N/A $430,000 16.2% 46.8% CHINCHILLA ~ Y 12 $348,500 -5.3% $347,000 -9.9% 40.1% DALBY ^ 8 N/A N/A $460,000 2.2% 20.1% DALBY ~ 15 $267,000 -7.9% $265,000 6.0% 10.4% MILES 3 N/A N/A $372,000 6.3% N/A SALES MARKET - UNITS & TOWNHOUSES SALES MARKET - VACANT LAND SUBURB NUMBER OF SALES MAR14 MEDIAN SALE MAR14 QTRLY CHANGE MEDIAN SALE 12MTHS MAR14 1YR CHANGE 5YR CHANGE TOOWOOMBA (LGA) ~ 43 $172,000 11.0% $154,000 -2.2% 54.0% TOOWOOMBA (LGA) ^ ~ 16 $190,000 15.2% $175,000 20.7% 25.0% GLENVALE * 1 N/A N/A $170,000 6.3% 70.0% GOWRIE JUNCTION ^ 4 N/A N/A $163,000 8.7% N/A HODGSON VALE ^ * 2 N/A N/A $180,000 N/A N/A KLEINTON * 15 $182,500 N/A $151,000 -1.6% N/A MIDDLE RIDGE 2 N/A N/A $210,000 6.6% 22.1% WESTBROOK * 1 N/A N/A $154,000 1.3% 56.7% SURROUNDS SOUTHERN DOWNS (LGA) 6 N/A N/A $79,000 4.8% -1.3% WESTERN DOWNS (LGA) 8 N/A N/A $152,000 0.0% 56.7% WESTERN DOWNS (LGA) ^ ~ * 5 N/A N/A $130,000 -3.7% 33.3% CHINCHILLA * 4 N/A N/A $150,000 3.5% 66.7% DALBY ^ * 1 N/A N/A $120,000 4.3% 14.3% MILES 2 N/A N/A $200,000 8.1% N/A TOOWOOMBA REGIONAL $300 710 $290 662 4350 KEARNEYS SPRING $310 549 $295 515 4352 AMIENS $325 29 $335 28 4354 DOUGLAS $240 7 $230 8 4355 ANDURAMBA $260 15 $260 9 4356 PITTSWORTH $260 23 $265 25 4357 BRINGALILY $270 5 $250 8 4359 ASCOT $250 8 $225 5 4361 BACK PLAINS $220 7 $200 8 4400 KINGSTHORPE $260 7 $260 5 4401 ACLAND $270 35 $260 34 4614 NEUMGNA $215 10 $200 8 GOONDIWINDI REGIONAL $270 37 $255 40 4385 BEEBO $200 5 $170 11 4387 BRUSH CREEK $200 5 N.A. 3 4390 BILLA BILLA $290 27 $290 25 SOUTHERN DOWNS REGIONAL $255 148 $250 162 4362 ALLORA $265 11 $250 10 4370 ALLAN $260 89 $250 92 4380 AMIENS $250 35 $250 39 WESTERN DOWNS REGIONAL $330 140 $325 163 4405 BLAXLAND $310 78 $300 90 4413 BAKING BOARD $410 32 $400 45 4415 MILES $400 15 $400 8 4419 COCKATOO $600 5 $650 11 TOOWOOMBA REGIONAL $245 408 $230 371 4350 KEARNEYS SPRING $250 385 $230 344 4356 PITTSWORTH $180 5 N.A. 1 4401 ACLAND $170 6 $210 13 GOONDIWINDI REGIONAL $180 35 $180 28 4390 BILLA BILLA $180 31 $180 27 SOUTHERN DOWNS REGIONAL $200 68 $200 68 4362 ALLORA $210 5 $180 5 4370 ALLAN $200 51 $205 43 4380 AMIENS $195 12 $185 19 WESTERN DOWNS REGIONAL $270 58 $260 62 4405 BLAXLAND $250 39 $220 31 4413 BAKINGBOARD $380 18 $390 24 TOOWOOMBA REGIONAL $310 28 $282 28 4350 KEARNEYS SPRING $310 28 $282 25 WESTERN DOWNS REGIONAL N.A. 6 N.A. 3 4413 BAKING BOARD $480 5 N.A. 1 RENTAL MARKET - 3 BED TOWNHOUSES SALES MARKET - HOUSES SUBURB NUMBER OF SALES MAR14 MEDIAN SALE MAR14 QTRLY CHANGE MEDIAN SALE 12MTHS MAR14 1YR CHANGE 5YR CHANGE RENTAL MARKET - 3 BED HOUSES MAR-14 MAR-13 POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS RENTAL MARKET - 2 BED UNITS