quarterly market monitor issue 25

your state-wide property research guide suburb by suburb

REIQ

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UE 25

DEC QTR 2014

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QMM STATE-WIDE COMMENTARY

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STRONG YEAR FOR QUEENSLAND REAL ESTATESoutheast Queensland, Toowoomba and Cairns were the State’s star real estate performers in 2014, according to fresh data released today by the Real Estate Institute of Queensland (REIQ).

Meanwhile sales volumes for the state’s regional centres over the year were significantly down on the previous year, however over the last half of the year other market indicators have pointed towards stabilizing and in some cases improving sales market conditions.

State-wide the volume of residential sales for 2014 hit a five-year high, with a total of $51 billion worth of residential property changing hands. While this is still well below the peak of $73 billion recorded at the last peak of the market in 2007, it is on par with that recorded at the height of the boom of the early 2000s.

With actual sales numbers just over half that recorded in 2003, the volume of sales is reflective of how much property prices have grown over the past 10 years, despite the downturn in the market over the past five years.

http://www.corelogic.com.au/professional/real-estate.html?utm_source=REIQ&utm_medium=email&utm_content=asset&utm_campaign=brand

2 QUEENSLAND MARKET MONITOR

REIQ RESEARCH EXPLANATORY NOTESSALES MARKET DATA

All figures for the most recent quarterly and yearly periods are preliminary only and subject to further revision as additional sales records become available (see Research Methodology online at reiq.com).

As of the June quarter 2013, all sales data includes "Recent Sales" as advised by real estate agents as well as official records as advised by DNRM. As such comparisons with figures published prior to the June quarter 2013 should be done with caution.

A median sale price is derived by arranging a set of sale prices from lowest to highest and then selecting the middle value within this set (ie the 50th percentile, where half of recorded sales were less and half were higher than the median).

Only suburbs and regions to record sufficient sales numbers are published.

N/ADue to insufficient sales numbers (as at the time of data extraction) no median sale price has been calculated

(LGA) Local Government Area

Brisbane (SD)

Brisbane Statistical Division which comprises the LGA’s of Brisbane City, Ipswich City, Logan City, Moreton Bay Regional and Redland City

# Figures based upon the new council boundaries

^Indicates acreage sales only (with land size greater than 2400m2). All other data is based upon sales with a land size of less than 2400 m2

~Median price changes influenced by varying quality of stock sold

*Median price changes influenced by varying quantities of new properties sold

fMedian price changes influenced by varying quantities of waterfront properties sold

tMedians affected by varying quantities of townhouses sold

GSales 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

ON THE MARKET INDICATORS

At the time of publication, latest information available was for the 12 months ending the month prior to the current period.

"Days on Market" is calculated as the average number of days it has taken to sell those properties sold by private treaty sale during the 12 month period. The calculation excludes auction listings and listings where an asking price is not advertised. The days on market calculation uses the contract date on the property compared with the first advertised date.

"Vendor Discount" is the average difference between the contract price on a property and the first advertised price. The figure is expressed as a percentage and is an average of all private treaty sales which sold for less than their initial asking price during the last 12 months. Auction listings and listings without an advertised asking price are excluded from the calculation.

"Total Listings" is the total unique number of properties that have been advertised for sale and captured by RP Data over the 12 month period. To be included in the count, the listings have to be matched to an actual address.

"% Stock on Market" is the percentage of dwellings within the suburb or local government area that have been listed for sale over the past year.

Source: REIQ, data supplied by CoreLogic RP Data (www.corelogic.com.au)

PRICE POINT GRAPHS

All data contained within these graphs represent preliminary sales numbers and are subject to revision as additional sales records become available.

The data excludes any recent sales transactions where the contract sale price was not disclosed.

The intention of these graphs is to gauge trends in sales activity between periods in lieu of actual final sales resultsSource: REIQ, data obtained from CoreLogic RPData

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/ADue to insufficient information received no vacancy rate has been calculated

Source: REIQ Residential Rental Survey

RENTAL MARKET DATA

All median weekly rents are published on a postcode basis, as calculated by the Residential Tenancies Authority, where sufficient data is available.

Caution should be exercised when interpreting any median rental price data based upon a relatively small number of new bond lodgements.

Figures for the new LGA's available for the current quarter only.

LListed 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)

http://www.reiq.com/about-us/research-methodology/

http://www.reiq.com/about-us/research-methodology/

http://www.rpdata.com.au

3

STATE-WIDE SUMMARY

DECEMBER QUARTER 2014

FALLING

STABILISINGRECOVERING

RISING

BRISBANE HOUSE MARKETSDecember Qtr 2014

Source: REIQ

BrisbaneRedland

↑Moreton BayLogan

Ipswich

FALLING


RISING

QUEENSLAND HOUSE MARKETSDecember Qtr 2014

Source: REIQ

Brisbane SDToowoombaGold Coast

Sunsine CoastCairns

Fraser CoastTownsville

GladstoneBundaberg Rockhampton

↑Mackay


Queensland market update 1

REIQ Explanatory notes 2

Brisbane market updates

Brisbane City 6

Greater Brisbane 11

Regional market updates

Gold Coast 16

Toowoomba 19

Sunshine Coast 21

Fraser Coast 23

Bundaberg 25

Gladstone 27

Rockhampton 28

Mackay 30

Townsville 32

Cairns 34

Other Regional 36

On The Market Indicators 37

Total Listings

% Stock on Market

Average Vendor Discount

Average Days on Market

Rental Market Indicators 38

Gross rental yields

Residential vacancy rates

TABLE OF CONTENTS

REIQ

STATE-WIDE SUMMARY CONTINUED

State-wide the volume of residential sales for 2014 hit a five-year high

On a regional basis however, the results remained varied, with some markets still lagging behind.

The downturn in the mining sector and the ongoing drought has continued to impact on the regional centres of Gladstone, Mackay and Rockhampton, although local agents report early signs of improvement since the start of the year.

The improving conditions in the southeast are expected to kick start growth in regional Queensland, giving a very positive outlook for the state for the year ahead.

Local REIQ agents are reporting that confidence is on the rise in key Queensland real estate markets, which augers well for the rest of the year.

HOUSE MARKET

The strengthening sales volumes were beginning to convert to increased property prices across the southeast in 2014 compared to the previous year and over the December quarter the median house price for the Brisbane City Council area broke the $600,000 mark for the first time on record.

The Gold and Sunshine Coasts were also amongst the strongest performers with both regions recording increases in their median house prices and sales volumes over the year, along with Toowoomba and Cairns.

Average days on market continue to improve for most parts of the state with the Brisbane LGA recording the highest drop, down 20 days over 2014, to 56 average days on market – which continues to make Brisbane the quickest selling region.

Average vendor discounting remained relatively stable in most parts of the state with the exception of Rockhampton, Bundaberg, Mackay and Townsville.

All major centres made little movement on the property cycle chart, except for Mackay where local agents say the bottom of the market appears to have been reached.

Further evidence that the Queensland residential property market continues to strengthen or show signs of improvement, is the proportion of house sales to make a profit.


STATE-WIDE SUMMARY

HOUSES (<2400) UNITS & TOWNHOUSES VACANT LAND (<2400)

LGA MEDIAN SALE PRICE

QTRLY CHANGE

SALES ACTIVITY CHANGE

MEDIAN SALE PRICE

QTRLY CHANGE


MEDIAN SALE PRICE

QTRLY CHANGE


GREATER BRISBANE

BRISBANE SD $482,000 3.5% 0% $385,000 0.0% -15% $215,900 0.4% -11%

BRISBANE $600,000 3.4% 3% $418,500 -0.4% -14% $345,000 3.0% -37%

IPSWICH $320,000 6.7% ~ -8% $240,000 -0.8% -21% $175,450 4.3% -21%

LOGAN $354,000 3.8% -6% $240,000 -0.4% -15% $197,500 5.1% * 13%

MORETON BAY $395,000 3.3% -2% $307,500 -3.7% -14% $223,500 6.0% 24%

REDLAND $479,000 2.4% 6% $338,000 -5.3% ~ -14% $35,000 -31.4% ~ f b -27%

TOURISM CENTRES

GOLD COAST $520,000 5.1% 7% $350,000 2.9% -6% $233,000 -0.4% -3%

SUNSHINE COAST $482,000 1.8% 14% $349,500 2.0% 0% $242,100 0.0% -1%

NOOSA $520,000 -0.5% -11% $375,000 -5.1% -16% $437,500 76.6% ~ f * 0%

FRASER COAST $285,000 -0.5% 12% $270,000 12.5% ~ f 8% $125,000 -16.7% ~ -28%

CAIRNS $390,000 2.9% -14% $208,000 -1.0% -14% $207,000 1.7% ~ -6%

REGIONAL CENTRES

BUNDABERG $275,000 2.2% -11% $265,000 12.8% ~ 3% $137,500 -4.5% -43%

GLADSTONE $356,250 -4.7% -9% $233,300 -36.9% ~ t 24% $200,500 -6.3% * 38%

MACKAY $370,000 -5.4% ~ -13% $365,000 21.3% ~ f -68% $203,500 -1.2% * -19%

ROCKHAMPTON $294,000 -3.6% -4% $350,000 -15.7% ~ -36% $120,500 -34.5% ~ * -57%

TOOWOOMBA $350,000 3.1% 0% $268,750 -3.7% -32% $155,000 -1.0% -57%

TOWNSVILLE $352,500 3.7% -6% $290,000 15.2% ~ -13% $167,000 3.2% -22%

ON THE MARKET" HOUSES (ALL) UNITS (ALL)

LGASTOCK

ON MARKET

DAYS ON MARKET

VENDOR DISCOUNT

STOCK ON

MARKET

DAYS ON MARKET

VENDOR DISCOUNT

GREATER BRISBANE

BRISBANE SD 7.4% 66 -5.6% 7.4% 73 -5.1%

BRISBANE 6.6% 56 -5.5% 6.5% 63 -4.7%

IPSWICH 7.2% 82 -6.5% 10.4% 110 -7.2%LOGAN 7.4% 75 -5.7% 10.5% 97 -6.2%MORETON BAY 7.4% 72 -5.4% 9.3% 99 -5.7%REDLAND 8.4% 70 -5.7% 9.1% 83 -5.2%TOURISM CENTRESGOLD COAST 7.9% 71 -6.0% 9.1% 91 -6.6%SUNSHINE COAST 9.2% 85 -5.6% 9.6% 105 -6.4%FRASER COAST 9.6% 108 -7.9% 8.3% 90 -7.2%CAIRNS 6.8% 67 -5.7% 11.6% 104 -6.2%REGIONAL QLDBUNDABERG 8.4% 95 -7.9% 11.0% 143 -8.5%GLADSTONE 7.7% 110 -9.9% 6.6% 130 -13.5%MACKAY 7.0% 98 -9.8% 7.2% 137 -14.0%ROCKHAMPTON 7.9% 94 -8.7% 7.2% 119 -8.0%TOOWOOMBA 8.5% 63 -4.6% 8.3% 74 -4.4%TOWNSVILLE 7.1% 90 -7.7% 10.0% 123 -9.8%

" Figures are for the 12 months ending November 2014

UNIT MARKET

The majority of unit markets across the state saw sales volumes ease over the December quarter, except for the Fraser Coast, Bundaberg and Gladstone where sales volumes remained steady.

Over the year SEQ, along with Cairns and Toowoomba, unit sales were up significantly compared to the previous year. And while median sale prices improved over the year, some regions are yet to see prices return to that recorded five years ago.

Encouraging signs are movements in the top end of the market, which was hardest hit by the GFC. Sales numbers in the million-plus price point are beginning to improve, however such properties appear to still be somewhat price sensitive.

Toowoomba’s unit market remains strong, on the back of buoyant interstate investor activity. The influx of new developments into the market has seen the region’s annual median sale price record a strong increase compared to five years ago.

5

STATE-WIDE SUMMARY


FOR FULL ON THE MARKET AND RENTAL MARKET STATISTICS BY LOCAL GOVERNMENT AREA, SEE PAGE 37-38

* change greater than 0.5 pts

^ Trend for rents over year, trend for yields are over the quarter* change greater than $20 (rents) or 0.5 pts (yields)

VACANCY RATES

LGA/REGION' AS AT 31-DEC-14 TRENDGREATER BRISBANEBRISBANE SD 2.3% UPBRISBANE CITY 2.9% UPIPSWICH CITY 2.5% UPLOGAN CITY 2.0% UPMORETON BAY 1.2% DOWNREDLAND CITY 0.8% DOWNTOURISM CENTRESGOLD COAST CITY 2.2% UPSUNSHINE COAST 1.1% STEADYFRASER COAST 1.9% DOWNCAIRNS 2.2% UPREGIONAL QLDBUNDABERG 4.4% UPGLADSTONE 4.2% DOWNMACKAY 10.3% UPROCKHAMPTON 5.2% UPTOOWOOMBA 2.3% UPTOWNSVILLE 4.7% STEADY

RENTAL TRENDS^ MEDIAN WEEKLY RENT GROSS RENTAL YIELDS

LGA 3-BED HOUSE 2-BED FLAT 3-BED TOWNHOUSE HOUSES UNITS

GREATER BRISBANEBRISBANE CITY $420 UP $400 UP $405 STEADY 3.6% STEADY 5.0% STEADYIPSWICH CITY $300 STEADY $255 UP $310 STEADY 4.9% DOWN 5.5% STEADYLOGAN CITY $340 STEADY $260 STEADY $335 UP 5.0% STEADY 5.6% STEADYMORETON BAY $340 UP $280 UP $340 UP 4.5% STEADY 4.7% UPREDLAND CITY $390 UP $340 UP $390 UP 4.2% STEADY 5.2% UPTOURISM CENTRESGOLD COAST CITY $440 UP* $370 UP $395 UP 4.4% STEADY 5.5% STEADYSUNSHINE COAST** $410 UP* $325 UP $400 UP* 4.4% STEADY 4.8% STEADYNOOSA $430 UP* $375 UP* $500 UP* 4.3% STEADY 5.2% UPFRASER COAST $285 UP $245 UP* $310 STEADY 5.2% STEADY 4.7% DOWNCAIRNS $360 UP* $280 STEADY $350 STEADY 4.8% STEADY 7.0% STEADYREGIONAL QLDBUNDABERG $285 UP $225 UP $280 DOWN* 5.4% STEADY 4.4% DOWNGLADSTONE $300 DOWN* $250 DOWN* $360 DOWN* 4.4% STEADY 5.6% UP*MACKAY $320 DOWN* $245 DOWN* $350 DOWN* 4.5% STEADY 3.5% DOWN*ROCKHAMPTON $295 DOWN* $230 DOWN* $345 DOWN* 5.2% STEADY 3.4% UPTOOWOOMBA $310 UP* $250 UP $300 DOWN* 4.6% STEADY 4.8% UPTOWNSVILLE CITY $320 DOWN* $280 STEADY $340 DOWN 4.7% STEADY 5.0% DOWN

RENTAL MARKET

Most of SEQ and the state’s tourism centers all finished the 2014 calendar year with tight rental conditions, with the vast majority having recorded a vacancy rate of less than 2.5 per cent throughout 2014.

Typically the time of year, however, vacancy rates at the end of December were up for eight of the 16 major regional centers. In line with this trend is the total number of new bonds lodged with the RTA over the December quarter, which were down six per cent compared to the September quarter.

While our regional centres are still playing catch up, with their rental markets going through slow tenant demand, Queensland metropolitan and tourism centres are still seeing tight vacancy rates prevail.

According to local agents, investors are taking advantage of the good selling conditions and putting their investment properties up for sale, with many being sold to owner-occupiers. And while there are investors also actively buying at the moment, the net effect appears to be a shortage of rental supply in some regions.


BRISBANE MARKET UPDATES HOUSES

161

784

1900

274 130

788

1922

332

<$350,000 $350,000+ $500,000+ $1m+

BRISBANE CITY HOUSE SALES (p) SEP 14 DEC 14

(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.

1272 1256

480

21

1078 1234

571

22

<$350,000 $350,000+ $500,000+ $1m+

BRISBANE SURROUNDS HOUSE SALES (p)

SEP 14 DEC 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND


66

575 516

101 58

541 629

117

<$350,000 $350,000+ $500,000+ $1m+

GOLD COAST HOUSE SALES (p)

SEP 14 DEC 14


76

443 373

43 88

459 426

46

<$350,000 $350,000+ $500,000+ $1m+

SUNSHINE COAST & NOOSA HOUSE SALES (p)

SEP 14 DEC 14


182

39 7

159

33 9

<$350,000 $350,000+ $500,000+

BUNDABERG HOUSE SALES (p) SEP 14 DEC 14


208

265

95

161

214

103

<$350,000 $350,000+ $500,000+

CAIRNS & DOUGLAS HOUSE SALES (p)

SEP 14 DEC 14


194

46 6

202

60

6

<$350,000 $350,000+ $500,000+

FRASER COAST HOUSE SALES (p) SEP 14 DEC 14


48 59

14

51 47

10

<$350,000 $350,000+ $500,000+

GLADSTONE HOUSE SALES (p)

SEP 14 DEC 14


255

183

49

222

165

65

<$350,000 $350,000+ $500,000+

TOWNSVILLE HOUSE SALES (p) SEP 14 DEC 14


64

94

30

64 73

23

<$350,000 $350,000+ $500,000+

MACKAY HOUSE SALES (p) SEP 14 DEC 14


163

69

26

142

60

19

<$350,000 $350,000+ $500,000+

ROCKHAMPTON & LIVINGSTONE HOUSE SALES (p) SEP 14 DEC 14


296

208

56

271

200

87

<$350,000 $350,000+ $500,000+

TOOWOOMBA HOUSE SALES (p)

SEP 14 DEC 14


UNITS

62

384

875

508

54 47

310

770

427

47

<$250,000 $250,000+ $350,000+ $500,000+ $1m+

BRISBANE CITY UNIT SALES (p)

SEP 14 DEC 14


260 282

132

51 5

225 239

100 46

3

<$250,000 $250,000+ $350,000+ $500,000+ $1m+

BRISBANE SURROUNDS UNIT SALES (p)



296

560 457

276

59

243

509 426

280

65

<$250,000 $250,000+ $350,000+ $500,000+ $1m+

GOLD COAST UNIT SALES (p) SEP 14 DEC 14


108

203 194

112

21

83

215 177

101

35

<$250,000 $250,000+ $350,000+ $500,000+ $1m+

SUNSHINE COAST & NOOSA UNIT SALES (p) SEP 14 DEC 14


19

10

4

0

16

10 7

2

<$250,000 $250,000+ $350,000+ $500,000+

BUNDABERG UNIT SALES (p) SEP 14 DEC 14


222

81

33 19

205

67 32 23

<$250,000 $250,000+ $350,000+ $500,000+

CAIRNS & DOUGLAS UNIT SALES (p) SEP 14 DEC 14


21

12

6

0

19 16

6

1

<$250,000 $250,000+ $350,000+ $500,000+

FRASER COAST UNIT SALES (p) SEP 14 DEC 14


3 4

6

3

11

5 4

0

<$250,000 $250,000+ $350,000+ $500,000+

GLADSTONE UNIT SALES (p) SEP 14 DEC 14


55

40

14 11

39

24 17 20

<$250,000 $250,000+ $350,000+ $500,000+

TOWNSVILLE UNIT SALES (p) SEP 14 DEC 14


18

33

10 10 6 5 7 5

<$250,000 $250,000+ $350,000+ $500,000+

MACKAY UNIT SALES (p)

SEP 14 DEC 14


13 13

18

7 9

12

3

7

<$250,000 $250,000+ $350,000+ $500,000+

ROCKHAMPTON & LIVINGSTONE UNIT SALES (p)

SEP 14 DEC 14


38

62

14 5

28

40

10 4

<$250,000 $250,000+ $350,000+ $500,000+

TOOWOOMBA UNIT SALES (p)

SEP 14 DEC 14


BRISBANE CITYOver the December quarter 2014, the Brisbane residential market finished the year on steady results for both the house and unit markets.

The prestige market was the stand out performer with an increase in the million-plus pricepoint for houses, while all other price points followed the usual December quarter trend of easing buyer demand.

Brisbane remains the fastest selling market but still runs second to Toowoomba in average vendor discounting and proportion of profit making sales rates.

Interstate investors are beginning to see more value in the Brisbane market than the southern capital cities, with strong interest in the unit and townhouse markets which in comparison are achieving nearly one per cent higher gross rental yields.

HOUSE MARKET

Brisbane’s median house price for the December quarter hit a neat $600,000 – the highest quarterly result on record. Over the year, volumes were up seven per cent, while the annual median house price recorded a strong increase of 8.4 per cent, the highest result of all major centres in Queensland.

While overall sales volumes increased three per cent over the quarter it was largely attributed to an increase in activity in the prestige market, with an extra 58 houses selling for in excess of a million dollars. This was followed by 22 extra sales in the $500,000-plus pricepoint.

According to local agents, strong results at the top end of the market are clear indications that the Brisbane property market is going from strength to strength.

Further evidence of improved property prices is the percentage of profit making sales. Of the 49 suburbs to see all sales record a profit, 25 were located within the Brisbane City Council area. Compared to a year ago, the most improved sales market was Gumdale which recorded only 67 per cent of sales to make a profit, to now seeing all vendors sell for higher than they originally paid.

UNIT MARKET

The unit and townhouse market in Brisbane saw sales activity drop over the last three months of the year, however total sales for the year were up a sturdy 16 per cent.

All pricepoints recorded a drop off in buyer activity, however, like the house market it was the prestige end that held its ground most with only 10 less sales recorded than the September quarter.

Average days on market for unit listings are beginning to rival that of the house market, with listings taking an average of 63 days to sell over the year ending November. This result was a significant improvement on the previous year, when it was taking three weeks longer for units to sell.

Average vendor discounting has also improved, up 0.7 percentage points over the year to 4.7 per cent.

And while the inner city unit market continues to steal the spotlight in terms of new unit sales, it was the outer lying suburbs of Acacia Ridge and Boondall that made the top 10 for highest increase in sales activity over the year.

New townhouse complexes in both of these suburbs have proved popular with investors, given the strong returns these properties are reportedly achieving.

RENTAL MARKET

Over the three months to December, Brisbane City and Ipswich City, were the only regions in SEQ to see vacancy levels return to healthier levels. As at the end of December, the vacancy rate was 2.9 per cent, with both the inner and outer Brisbane suburbs seeing their vacancy levels increase.

As seen over the Christmas-New Year period in 2013, inner Brisbane recorded a significant increase in its vacancy rate, up 0.9 percentage points to 3.8 per cent.

The level of supply coming onto the market is no doubt contributing to this increase, however many REIQ agents also point out that there is a general mass exodus of tenants – namely students – over the Christmas period, as well as first home buyers becoming more active in the sales market.

Meanwhile in Brisbane’s outer suburbs, vacancy rates remain tight at 2.4 percent, despite easing 0.5 percentage points since September.

The strength of the Brisbane rental market is also evident in the total number of bonds held by the RTA. State-wide total bonds had increased by 12,600 new bonds compared to 12 months ago, with 26 percent of this increase occurring within the Brisbane City council area, and predominantly for unit and townhouse rentals.

7 DECEMBER QUARTER 2014

BRISBANE MARKET UPDATES

SALES MARKET - HOUSES

SUBURB NUMBER OF SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

SALES MARKET - HOUSES (CONT’D)


MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

BRISBANE (LGA) 3,378 $600,000 3.4% $580,000 8.4% 17.9%

BRISBANE (LGA) ^ 79 $950,000 3.0% $922,500 7.3% 8.5%

ACACIA RIDGE 24 $340,000 -4.4% $335,000 9.7% 2.1%

ALBION 10 $697,000 N/A $686,250 -0.8% 20.4%

ALDERLEY 19 $711,000 -1.3% $671,875 4.2% 14.3%

ALGESTER 38 $444,444 -5.4% $450,500 7.5% 14.0%

ANNERLEY 34 $647,500 0.4% $665,000 19.6% 24.3%

ASCOT ~ 27 $1,240,000 33.7% $1,300,000 16.1% 23.5%

ASHGROVE ~ 31 $840,000 11.3% $790,000 2.6% 24.2%

ASPLEY 41 $520,000 -6.1% $522,000 8.8% 13.0%

AUCHENFLOWER 10 $851,000 -3.1% $911,050 9.6% 12.5%

BALD HILLS 24 $412,000 8.4% $385,000 4.9% 0.7%

BALMORAL ~ 13 $955,000 -8.4% $890,000 7.2% 26.7%

BANYO 26 $445,000 1.4% $435,000 3.6% 8.8%

BARDON 27 $808,250 -1.7% $840,000 15.1% 20.0%

BELLBOWRIE 14 $415,000 N/A $463,500 7.2% 0.8%

BELMONT ~ 15 $578,000 14.0% $575,000 6.8% 2.1%

BOONDALL 31 $427,000 0.4% $425,000 3.7% 3.2%

BRACKEN RIDGE 58 $435,000 3.6% $416,000 0.5% 1.5%

BRIDGEMAN DOWNS 26 $697,500 8.0% $700,000 5.3% 2.5%

BRIGHTON 49 $480,000 8.6% $440,000 7.6% 12.8%

BROOKFIELD ^ 6 N/A N/A $1,027,500 N/A N/A

BULIMBA 25 $1,075,000 7.5% $1,100,000 18.0% 35.9%

CALAMVALE 43 $576,000 4.3% $560,000 5.9% 15.8%

CAMP HILL 56 $772,500 7.8% $740,000 9.6% 27.6%

CANNON HILL ~ 23 $662,500 -10.5% $675,000 14.4% 34.3%

CARINA 33 $550,000 -2.4% $552,500 7.8% 17.6%

CARINA HEIGHTS 16 $557,000 -2.3% $587,500 10.5% 17.7%

CARINDALE 43 $735,000 1.4% $712,500 5.9% 9.6%

CARSELDINE 28 $612,500 9.9% $559,000 7.5% 9.6%

CHAPEL HILL 45 $692,000 2.9% $675,000 4.7% 8.9%

CHELMER ~ 12 $1,342,500 76.1% $981,500 16.2% 13.8%

CHERMSIDE ~ 17 $492,000 -14.8% $556,750 16.7% 27.1%

CHERMSIDE WEST 22 $517,500 -0.5% $510,000 15.2% 14.0%

CLAYFIELD ~ 22 $952,500 23.7% $922,743 12.7% 10.8%

COOPERS PLAINS 17 $460,000 1.7% $460,000 -1.1% 16.5%

COORPAROO 48 $785,000 7.5% $725,000 10.7% 16.0%

CORINDA ~ 15 $645,000 19.1% $553,000 0.0% -9.7%

DARRA 14 $372,500 0.8% $360,000 14.3% 4.3%

DEAGON 16 $370,000 -4.3% $396,500 7.2% 5.7%

DOOLANDELLA 9 N/A N/A $420,000 1.8% 20.0%

DREWVALE 16 $488,500 N/A $482,500 4.0% 5.7%

DURACK 10 $405,058 9.4% $369,100 11.5% 7.8%

EAST BRISBANE 18 $715,000 -2.1% $726,000 12.6% 14.8%

EIGHT MILE PLAINS 36 $695,000 6.9% $659,000 8.0% 17.1%

ENOGGERA 6 N/A N/A $583,000 5.8% 15.0%

EVERTON PARK 34 $508,000 -0.9% $510,000 2.9% 13.3%

FAIRFIELD 6 N/A N/A $700,000 25.6% 19.7%

FERNY GROVE 16 $520,000 4.2% $525,000 4.0% 9.4%

FIG TREE POCKET ~ 15 $798,000 10.4% $866,500 17.5% 18.7%

FITZGIBBON 16 $441,250 1.4% $425,000 6.8% 3.0%

FOREST LAKE 98 $388,000 -3.0% $400,000 5.3% 5.4%

GAYTHORNE 4 N/A N/A $622,750 12.6% 19.2%

GEEBUNG 14 $450,000 -4.8% $475,000 11.8% 11.8%

GORDON PARK 18 $817,500 7.7% $770,000 22.4% 39.6%

GRACEVILLE ~ f 24 $1,090,000 91.2% $719,000 -3.6% 19.3%

GRANGE 15 $789,000 6.2% $770,000 14.6% 15.9%

GREENSLOPES 21 $620,000 7.5% $615,000 4.6% 14.4%

HAMILTON ~ 19 $1,352,500 50.3% $977,500 -14.0% -4.6%

HAWTHORNE 27 $1,075,000 2.4% $1,067,500 11.8% 39.5%

HEATHWOOD 12 $538,500 5.3% $530,000 -5.5% 6.3%

HEMMANT 13 $425,000 N/A $420,750 9.3% 3.9%

HENDRA ~ 27 $860,000 13.9% $830,000 8.9% 13.6%

HIGHGATE HILL 22 $1,010,000 N/A $900,500 16.6% 20.7%

HOLLAND PARK 21 $660,000 9.5% $605,000 11.9% 21.7%

HOLLAND PARK WEST 21 $605,500 -1.0% $585,000 2.4% 11.0%

INALA 32 $307,500 -0.8% $304,000 8.4% 4.8%

INDOOROOPILLY 43 $772,500 -2.2% $757,500 7.4% 20.7%

JAMBOREE HEIGHTS 9 N/A N/A $448,750 7.0% 6.5%

JINDALEE 25 $499,000 2.9% $495,000 5.8% 7.7%

KANGAROO POINT 5 N/A N/A $760,000 3.6% 16.9%

KARANA DOWNS 9 N/A N/A $385,000 -1.9% -3.5%

KARANA DOWNS ^ 5 N/A N/A $485,000 7.8% 7.8%

KEDRON 42 $608,750 -3.2% $623,500 11.3% 28.6%

KELVIN GROVE 15 $696,025 8.4% $671,000 3.1% 8.1%

KENMORE 37 $565,000 -7.0% $570,000 1.6% 13.9%

KEPERRA 33 $465,000 1.5% $461,000 11.1% 8.5%

KURABY 13 $573,000 -2.1% $562,500 0.7% 12.8%

LOTA ~ 15 $690,000 30.2% $550,000 5.3% 18.0%

LUTWYCHE 13 $730,000 1.4% $732,500 -1.7% 24.7%

MACGREGOR 26 $673,000 0.4% $625,000 6.8% 27.2%

MACKENZIE 9 N/A N/A $699,000 11.0% N/A

MANLY ~ 11 $790,000 19.2% $677,500 17.8% 15.8%

MANLY WEST ~ 43 $547,000 11.1% $515,000 7.3% 7.7%

MANSFIELD 24 $550,000 2.9% $551,625 10.5% 19.9%

MCDOWALL 21 $620,000 5.9% $600,000 8.1% 16.1%

MIDDLE PARK 13 $520,500 1.5% $525,000 4.5% 6.8%

MITCHELTON 33 $580,000 0.4% $560,000 10.9% 17.9%

MOGGILL 7 N/A N/A $505,000 1.6% 8.0%

MOOROOKA 35 $554,000 0.7% $549,000 6.6% 18.1%

MORNINGSIDE 37 $632,500 -5.7% $638,000 6.6% 16.0%

MOUNT CROSBY ^ 5 N/A N/A $510,000 -5.6% -2.9%

MOUNT GRAVATT 11 $579,000 4.6% $554,000 8.6% 16.4%

MOUNT GRAVATT EAST 43 $560,000 -0.1% $560,000 13.1% 24.4%

MURARRIE 16 $595,000 7.2% $575,000 23.7% 27.8%

NEW FARM 17 $1,250,000 0.0% $1,260,000 5.2% 32.6%

NEWMARKET 14 $765,800 3.5% $736,250 10.2% 15.8%

NORMAN PARK ~ 34 $772,500 12.0% $765,000 12.5% 18.6%

NORTHGATE ~ 15 $650,000 10.2% $598,000 8.7% 15.0%

NUDGEE ~ 12 $455,000 -18.2% $565,356 4.9% 21.3%

NUNDAH 20 $720,000 3.2% $650,000 5.7% 24.4%

OXLEY ~ 30 $526,000 13.7% $481,000 6.1% 13.2%

PADDINGTON 36 $898,000 1.8% $903,000 8.8% 29.9%

PARKINSON 33 $583,000 -2.8% $575,000 8.5% 18.1%

PULLENVALE ^ 7 N/A N/A $925,000 -3.9% 0.5%

RED HILL 28 $755,000 -3.2% $750,000 12.5% 10.1%

RIVERHILLS 14 $420,000 -2.9% $435,000 1.8% 4.8%

ROBERTSON 14 $725,000 N/A $725,000 3.9% 16.0%

ROCHEDALE 3 N/A N/A $845,000 N/A N/A

ROCKLEA 7 N/A N/A $370,000 19.8% 0.5%

RUNCORN ~ 25 $539,000 17.7% $499,300 14.8% 20.3%

SALISBURY 20 $510,100 6.5% $491,500 9.2% 15.6%

SANDGATE 13 $506,500 -5.3% $564,500 8.6% 13.2%

SEVEN HILLS 7 N/A N/A $652,500 5.2% 12.5%

SEVENTEEN MILE ROCKS 7 N/A N/A $630,000 14.5% 32.6%

SHERWOOD ~ 20 $842,500 23.0% $759,500 7.0% 16.8%

SINNAMON PARK ~ 14 $654,500 13.3% $605,000 7.1% 5.2%

SPRING HILL 5 N/A N/A $895,000 N/A 27.9%

ST LUCIA ~ 14 $961,000 -18.6% $1,031,250 13.3% 16.9%

STAFFORD 23 $538,000 -6.5% $530,000 11.6% 18.0%

STAFFORD HEIGHTS 22 $525,000 -0.6% $510,000 6.5% 13.3%

STRETTON 16 $781,500 10.0% $747,500 18.7% 16.8%

SUNNYBANK ~ 31 $691,500 10.2% $615,000 11.8% 21.7%

SUNNYBANK HILLS 60 $570,000 -3.6% $579,000 14.7% 28.7%

TAIGUM 7 N/A N/A $476,500 11.3% 8.3%

TARINGA 11 $800,500 -2.9% $806,000 7.5% 13.8%

TARRAGINDI ~ 42 $680,000 10.7% $620,000 7.8% 17.0%

TENERIFFE 7 N/A N/A $1,480,000 N/A N/A

THE GAP 57 $593,500 -2.3% $570,000 0.4% 10.1%

TINGALPA 22 $458,000 -0.4% $463,000 5.2% 7.9%

TOOWONG 20 $880,500 3.6% $767,000 12.0% 21.7%

UPPER KEDRON 13 $585,000 8.3% $542,500 0.6% 1.4%

UPPER MOUNT GRAVATT 44 $530,000 3.5% $544,905 12.4% 21.1%

VIRGINIA 10 $529,000 0.3% $508,000 16.8% 18.1%

WAKERLEY ~ 31 $790,000 30.9% $690,000 5.3% 25.5%

WAVELL HEIGHTS 40 $595,000 0.8% $585,000 10.4% 21.4%

WEST END 10 $977,500 -3.4% $952,500 10.8% 31.9%

WESTLAKE 21 $606,500 -2.5% $630,000 0.8% 12.5%



SALES MARKET - UNITS & TOWNHOUSES

SALES MARKET - UNITS & TOWNHOUSES (CONT’D)


MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

WILSTON ~ 13 $925,000 23.7% $859,500 8.3% 15.8%

WINDSOR ~ 28 $790,000 14.5% $714,500 4.7% 19.1%

WISHART 21 $620,000 8.2% $590,000 11.3% 19.6%

WOOLLOONGABBA ~ 12 $746,000 14.9% $660,000 10.0% 18.9%

WOOLOOWIN 12 $685,001 2.2% $733,500 -2.2% 17.4%

WYNNUM 59 $600,000 4.8% $555,000 9.9% 16.7%

WYNNUM WEST 45 $466,500 -0.7% $475,000 9.8% 6.7%

YERONGA 23 $780,000 8.3% $707,500 8.8% 3.3%

ZILLMERE 30 $410,000 5.6% $405,000 7.9% 8.0%

BRISBANE CITY (LGA) 1,685 $418,500 -0.4% $422,000 3.6% 8.2%

ACACIA RIDGE * t 20 $348,000 0.0% $348,000 N/A N/A

ALBION ~ 9 N/A N/A $440,000 -24.3% 4.8%

ALDERLEY 13 $532,500 4.9% $460,250 3.4% 26.1%

ANNERLEY * t 29 $420,000 -2.7% $438,000 11.5% 20.0%

ASCOT ~ 22 $500,000 16.0% $440,000 14.3% 11.4%

ASHGROVE t 11 $405,000 -9.5% $484,000 15.2% 19.5%

ASPLEY ~ 11 $375,000 -4.0% $390,000 7.2% 7.3%

AUCHENFLOWER ~ 21 $410,000 -12.5% $462,500 -3.1% 7.7%

BALMORAL 12 $515,550 N/A $480,500 -3.9% 12.9%

BANYO 4 N/A N/A $500,000 N/A 29.9%

BOONDALL * t 2 N/A N/A $394,000 2.6% N/A

BOWEN HILLS ~ 12 $415,250 -10.7% $426,000 5.6% 2.3%

BRISBANE CITY * 111 $491,750 4.2% $495,000 3.1% 13.8%

BULIMBA 22 $537,500 -8.5% $557,500 -3.0% 7.2%

CALAMVALE 21 $377,000 5.1% $376,900 2.4% 4.7%

CARINA 23 $449,500 9.6% $445,000 6.0% 5.6%

CARINA HEIGHTS ~ t 13 $402,500 -12.3% $459,000 3.1% 3.8%

CARINDALE 3 N/A N/A $455,000 12.5% -14.7%

CARSELDINE 16 $382,000 N/A $395,000 1.3% 9.7%

CHERMSIDE 26 $410,000 2.6% $405,000 1.9% -2.4%

CLAYFIELD 36 $374,000 -2.2% $391,000 4.3% 8.6%

COOPERS PLAINS 2 N/A N/A $390,000 -5.8% N/A

COORPAROO 47 $388,250 2.8% $385,500 2.3% 5.5%

DOOLANDELLA 2 N/A N/A $339,000 -2.5% N/A

DURACK 1 N/A N/A $349,000 -0.3% N/A

EAST BRISBANE 15 $453,000 1.8% $442,500 6.6% 10.9%

EIGHT MILE PLAINS 17 $391,500 1.4% $390,000 5.4% 6.3%

ELLEN GROVE 2 N/A N/A $346,000 0.0% 3.1%

ENOGGERA 3 N/A N/A $392,000 -5.5% 0.9%

EVERTON PARK 11 $395,000 -5.7% $420,000 5.1% 19.5%

FAIRFIELD ~ 8 N/A N/A $419,000 19.7% -3.1%

FORTITUDE VALLEY 48 $490,000 5.6% $475,000 13.1% 17.3%

GAYTHORNE * t 6 N/A N/A $430,000 4.9% 13.2%

GORDON PARK 7 N/A N/A $365,000 -0.3% 6.2%

GREENSLOPES ~ 24 $329,000 -15.9% $365,000 0.0% -0.4%

HAMILTON 36 $540,000 -0.9% $535,000 3.0% 21.6%

HAWTHORNE 9 N/A N/A $519,000 9.8% 21.0%

HIGHGATE HILL ~ t 12 $560,000 43.6% $500,000 -8.2% 19.0%

HOLLAND PARK WEST 4 N/A N/A $373,500 -1.8% N/A

INDOOROOPILLY ~ * 17 $430,875 0.0% $465,000 7.5% 6.9%

KANGAROO POINT ~ f 36 $561,000 26.1% $508,000 2.2% 11.3%

KEDRON ~ * t 14 $477,500 24.3% $419,000 18.0% 26.2%

KELVIN GROVE 30 $445,000 -3.1% $462,000 -7.5% 6.2%

KURABY 6 N/A N/A $295,000 1.7% -6.9%

LUTWYCHE 13 $430,000 2.1% $407,000 -9.4% 13.1%

MANLY WEST 6 N/A N/A $370,000 4.2% -5.1%

MCDOWALL 1 N/A N/A $405,000 3.8% -1.2%

MILTON 8 N/A N/A $488,000 -9.0% -10.4%

MOOROOKA ~ t 16 $318,000 -20.0% $365,000 -2.9% 9.9%

MORNINGSIDE 36 $461,050 -3.3% $475,000 4.9% 12.8%

MOUNT GRAVATT 4 N/A N/A $435,000 0.0% N/A

MOUNT GRAVATT EAST 11 $378,000 -1.0% $385,000 -7.8% 6.1%

NEW FARM 53 $528,500 -4.9% $560,150 4.2% 19.6%

NEWMARKET 2 N/A N/A $455,000 13.6% 9.4%

NEWSTEAD ~ 14 $750,000 -14.3% $775,000 7.6% 50.5%

NORMAN PARK 7 N/A N/A $490,000 1.9% 2.8%

NORTHGATE 10 $368,950 -7.2% $401,400 13.1% 7.0%

NUNDAH 56 $375,000 2.7% $397,950 -5.3% -5.3%

PADDINGTON 12 $497,000 -7.6% $504,000 -0.2% 12.0%

PARKINSON ~ 3 N/A N/A $330,000 -16.0% N/A

RED HILL 6 N/A N/A $422,500 1.1% 17.4%

RICHLANDS 13 $352,400 N/A $349,900 4.4% 7.7%

RUNCORN 20 $325,000 -1.1% $335,000 -0.8% 0.0%

SHERWOOD 7 N/A N/A $465,000 7.5% 9.1%

SOUTH BRISBANE 41 $470,000 2.2% $492,000 1.4% 22.6%

SPRING HILL 33 $435,400 3.5% $390,000 2.3% 0.0%

ST LUCIA 28 $489,000 2.3% $475,000 0.0% 5.6%

STAFFORD 13 $415,000 N/A $395,000 -1.3% 8.5%

SUNNYBANK HILLS 9 N/A N/A $360,000 11.6% -0.8%

TAIGUM ~ 16 $313,000 -13.4% $382,500 8.4% 10.9%

TARINGA * t 46 $437,000 1.6% $425,000 4.9% 6.3%

TENERIFFE ~ 43 $496,500 -20.4% $607,250 5.6% 13.5%

THE GAP 4 N/A N/A $447,000 N/A 8.0%

TINGALPA ~ 7 N/A N/A $340,000 3.7% -1.2%

TOOWONG 49 $428,750 -4.7% $445,500 -10.0% 7.3%

UPPER MOUNT GRAVATT ~ 21 $385,500 -25.5% $470,000 29.7% 24.7%

WAVELL HEIGHTS ~ 5 N/A N/A $435,500 15.2% -2.1%

WEST END 34 $540,000 2.1% $526,498 1.9% -4.3%

WILSTON 6 N/A N/A $428,750 N/A 10.8%

WINDSOR ~ 26 $460,000 13.6% $407,500 -9.4% 14.8%

WISHART 12 $366,450 -6.0% $375,500 4.9% 7.0%

WOOLLOONGABBA 7 N/A N/A $399,000 -0.3% -6.6%

WOOLOOWIN 7 N/A N/A $362,500 1.7% 5.6%

WYNNUM 12 $365,000 N/A $370,000 -0.3% 2.8%

WYNNUM WEST 8 N/A N/A $340,000 -9.3% 7.9%

YEERONGPILLY 7 N/A N/A $420,250 11.6% -2.8%

YERONGA ~ 14 $395,000 -26.5% $435,500 3.7% 11.1%

ZILLMERE 13 $335,000 0.0% $335,000 -6.9% -4.3%

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RENTAL MARKET - 3 BED HOUSESPOST DEC-14 DEC-13

CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS



RENTAL MARKET - 2 BED UNITS

SALES MARKET - VACANT LAND


MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

BRISBANE (LGA) 100 $345,000 3.0% $330,000 11.9% 20.0%

BRISBANE (LGA) ^ ~ 10 N/A N/A $615,500 -32.5% 36.8%

BRIDGEMAN DOWNS * 7 N/A N/A $420,000 13.7% 20.2%

BRIGHTON 2 N/A N/A $278,000 -0.7% N/A

CARINDALE 7 N/A N/A $470,000 -5.1% N/A

CARSELDINE 3 N/A N/A $340,000 -2.9% 21.4%

FITZGIBBON * 13 $196,500 15.1% $213,500 26.4% N/A

HEATHWOOD * 5 N/A N/A $269,000 N/A 14.5%

KURABY 1 N/A N/A $334,500 2.1% 4.2%

MOGGILL 1 N/A N/A $255,000 0.0% 7.5%

OXLEY 2 N/A N/A $290,500 1.9% 18.6%

ROCHEDALE 1 N/A N/A $425,000 7.7% N/A

SUNNYBANK * 2 N/A N/A $482,500 N/A 12.5%

SUNNYBANK HILLS * 2 N/A N/A $466,500 N/A 55.5%

UPPER KEDRON * - N/A N/A $325,000 8.4% N/A

WYNNUM 4 N/A N/A $344,900 N/A N/A

BRISBANE CITY $420 2548 $410 2779

BAYSIDE $420 124 $405 119

4178 WYNNUM $420 81 $405 70

4179 MANLY $420 43 $410 49

CITY INNER $550 196 $550 224

4000 BRISBANE CITY $600 19 $550 18

4005 NEW FARM $600 16 $770 15

4006 BOWEN HILLS $470 6 $475 9

4064 PADDINGTON $580 53 $580 49

4066 TOOWONG $500 28 $495 39

4067 ST LUCIA $530 9 $525 11

4101 WEST END $545 19 $595 24

4102 WOOLOONGABBA $490 20 $495 21

4169 EAST BRISBANE $500 26 $520 38

NORTH - INNER $460 281 $470 299

4007 ASCOT $520 17 $565 27

4011 CLAYFIELD $550 35 $525 39

4012 NUNDAH $440 70 $450 52

4030 LUTWYCHE $485 38 $460 54

4031 GORDON PARK $400 39 $450 37

4051 ALDERLEY $480 78 $460 85

NORTH - OUTER $395 399 $385 400

4013 NORTHGATE $360 16 $395 20

4014 VIRGINIA $400 34 $400 34

4017 BRACKEN RIDGE $390 110 $370 112

4018 FITZGIBBON $380 24 $395 36

4032 CHERMSIDE $395 54 $395 59

4034 ASPLEY $395 145 $380 127

4036 BALD HILLS $360 16 $360 12

NORTH WEST - INNER $540 92 $495 123

4059 KELVIN GROVE $550 46 $500 54

4060 ASHGROVE $465 26 $510 43

4065 BARDON $500 20 $460 26

NORTH WEST - OUTER $415 207 $410 224

4053 STAFFORD $415 127 $400 136

BRISBANE CITY $400 4051 $395 3992

BAYSIDE $340 43 $330 48

4178 WYNNUM $330 32 $330 36

4179 MANLY $340 11 $320 12

CITY INNER $495 1647 $490 1567

4000 BRISBANE CITY $580 248 $580 251

4005 NEW FARM $520 275 $510 270

4006 BOWEN HILLS $480 300 $490 241

4064 PADDINGTON $420 56 $400 50

4066 TOOWONG $400 166 $400 197

4067 ST LUCIA $410 75 $380 74

4101 WEST END $530 325 $510 238

4102 WOOLOONGABBA $450 63 $470 81

4169 EAST BRISBANE $460 138 $495 163

NORTH - INNER $360 792 $360 840

4007 ASCOT $435 155 $420 146

4010 ALBION $395 31 $380 42

4011 CLAYFIELD $350 117 $350 155

4012 NUNDAH $365 168 $365 180

4030 LUTWYCHE $360 126 $350 135

4031 GORDON PARK $315 58 $330 69

4051 ALDERLEY $360 137 $350 113

NORTH - OUTER $350 211 $350 256

4013 NORTHGATE $320 22 $300 18

4017 BRACKEN RIDGE $290 13 $285 18

4018 FITZGIBBON $345 7 $330 14

4032 CHERMSIDE $385 109 $385 120

4034 ASPLEY $340 60 $350 83

4054 ARANA HILLS $395 43 $400 53

4061 THE GAP $450 37 $450 35

SOUTH - INNER $420 283 $420 356

4103 ANNERLEY $455 31 $440 40

4104 YERONGA $520 7 $450 17

4105 MOOROOKA $400 35 $410 44

4120 GREENSLOPES $450 20 $450 35

4121 HOLLAND PARK $435 68 $425 87

4122 MANSFIELD $400 121 $400 131

SOUTH - OUTER $380 268 $375 294

4106 ROCKLEA $350 9 $350 18

4107 SALISBURY $385 28 $370 22

4108 COOPERS PLAINS $360 21 $365 26

4109 MACGREGOR $400 73 $390 80

4110 ACACIA RIDGE $350 53 $350 53

4112 KURABY $345 7 $350 13

4113 EIGHT MILE PLAINS $375 45 $390 39

4115 ALGESTER $400 18 $380 24

4116 CALAMVALE $400 14 $390 19

SOUTH EAST - INNER $450 274 $460 260

4151 COORPAROO $470 35 $450 27

4152 CAMP HILL $440 102 $450 91

4170 CANNON HILL $475 84 $450 79

4171 BALMORAL $520 37 $550 49

4172 MURARRIE $410 16 $450 14

SOUTH EAST - OUTER $420 46 $420 44

4153 BELMONT $420 11 $445 6

4154 GUMDALE $415 6 $520 8

4173 TINGALPA $420 27 $410 21

SOUTH WEST - INNER $440 95 $440 110

4068 CHELMER $450 33 $490 47

4075 CORINDA $420 62 $400 63

SOUTH WEST - OUTER $350 283 $360 326

4069 BROOKFIELD $450 34 $430 50

4073 SEVENTEEN MILE ROCKS $410 12 $395 10

4074 JINDALEE $380 47 $380 60

4076 DARRA $330 26 $330 33

4077 DOOLANDELLA $310 70 $315 70

4078 FOREST LAKE $350 90 $350 97

LAND

29

57 49

24 19

31 36

14

<$250,000 $250,000+ $350,000+ $500,000+

BRISBANE CITY LAND SALES (p)

SEP 14 DEC 14


341

59 22 9

344

59 19 4

<$250,000 $250,000+ $350,000+ $500,000+

BRISBANE SURROUNDS LAND SALES (p)

SEP 14 DEC 14Includes IPSWICH, LOGAN, MORETON BAY & REDLAND


102

28 10 10

91

36

9 9

<$250,000 $250,000+ $350,000+ $500,000+

GOLD COAST LAND SALES (p)

SEP 14 DEC 14


46

21 15

8

49

26 19

13

<$250,000 $250,000+ $350,000+ $500,000+

SUNSHINE COAST & NOOSA LAND SALES (p)

SEP 14 DEC 14


49

2 0

29

0 0

<$250,000 $250,000+ $350,000+

BUNDABERG LAND SALES (p)

SEP 14 DEC 14


81

16 4

69

11 3

<$250,000 $250,000+ $350,000+

CAIRNS & DOUGLAS LAND SALES (p)

SEP 14 DEC 14


62

3 0

44

2 1

<$250,000 $250,000+ $350,000+

FRASER COAST LAND SALES (p)

SEP 14 DEC 14


14

1 1

20

2 0

<$250,000 $250,000+ $350,000+

GLADSTONE LAND SALES (p)

SEP 14 DEC 14


28

1 3

18

6 2

<$250,000 $250,000+ $350,000+

MACKAY LAND SALES (p)

SEP 14 DEC 14


77

5 0

35

4 0

<$250,000 $250,000+ $350,000+

ROCKHAMPTON & LIVINGSTONE LAND SALES (p)

SEP 14 DEC 14


60

3 4

27

2 0

<$250,000 $250,000+ $350,000+

TOOWOOMBA LAND SALES (p)

SEP 14 DEC 14


106

6 4

83

6 2

<$250,000 $250,000+ $350,000+

TOWNSVILLE LAND SALES (p)

SEP 14 DEC 14




RENTAL MARKET - 2 BED UNITS (CONT’D)POST DEC-14 DEC-13


RENTAL MARKET - 3 BED TOWNHOUSESPOST DEC-14 DEC-13


DID YOU KNOW?YOU CAN GET MEDIAN WEEKLY RENTS FOR OTHER PROPERTY TYPES ONLINE ATWWW.RTA.QLD.GOV.AU

BRISBANE CITY $405 1664 $405 1531

BAYSIDE $400 87 $390 91

4178 WYNNUM $400 57 $390 49

4179 MANLY $400 30 $385 42

CITY INNER $600 58 $600 56

4000 BRISBANE CITY $600 6 N.A. 2

4005 NEW FARM $750 7 $720 8

4006 BOWEN HILLS $460 6 $510 9

4064 PADDINGTON $545 10 $600 8

4066 TOOWONG $540 10 $580 11

4067 ST LUCIA $565 6 $595 7

4101 WEST END $650 6 $600 6

4169 EAST BRISBANE $630 6 N.A. 4

NORTH - INNER $480 96 $495 127

4007 ASCOT $560 12 $520 16

4011 CLAYFIELD $590 9 $580 22

4012 NUNDAH $455 17 $465 18

4030 LUTWYCHE $550 12 $500 5

4031 GORDON PARK $480 13 $445 14

4051 ALDERLEY $480 33 $490 48

NORTH - OUTER $385 204 $380 176

4013 NORTHGATE $420 8 $430 12

4017 BRACKEN RIDGE $370 54 $365 56

4018 FITZGIBBON $380 54 $360 24

4032 CHERMSIDE $445 23 $430 19

4034 ASPLEY $390 58 $390 53

4036 BALD HILLS $365 7 $350 12

NORTH WEST - INNER $520 15 N/A 14

4060 ASHGROVE $495 9 $490 7

NORTH WEST - OUTER $420 63 $420 62

4053 STAFFORD $420 52 $420 52

4054 ARANA HILLS $380 7 $365 6

SOUTH - INNER $430 135 $430 161

4103 ANNERLEY $450 23 $480 31

4104 YERONGA $440 12 $440 12

4105 MOOROOKA $440 20 $445 17

4120 GREENSLOPES $485 12 $440 17

4121 HOLLAND PARK $430 10 $440 16

4122 MANSFIELD $420 58 $420 68

SOUTH - OUTER $390 426 $390 334

4107 SALISBURY $370 8 $480 5

4109 MACGREGOR $405 56 $400 59

4110 ACACIA RIDGE $340 31 $350 5

4112 KURABY $380 32 $370 13


4115 ALGESTER $370 41 $375 38

4116 CALAMVALE $385 101 $380 73

SOUTH EAST - INNER $480 245 $485 189

4151 COORPAROO $500 9 $490 14

4152 CAMP HILL $450 104 $450 90

4170 CANNON HILL $490 92 $490 52

4171 BALMORAL $585 32 $575 23

4172 MURARRIE $520 8 $520 10

SOUTH EAST - OUTER $405 64 $405 63

4153 BELMONT $425 7 $430 6

4154 GUMDALE $405 40 $410 41

4173 TINGALPA $385 14 $380 16

SOUTH WEST - INNER $460 76 $410 71

4068 CHELMER $520 30 $510 14

4075 CORINDA $400 46 $400 57

SOUTH WEST - OUTER $365 195 $355 187

4073 SEVENTEEN MILE ROCKS $440 12 $410 17

4074 JINDALEE $390 12 $400 20

4076 DARRA $375 33 $350 5

4077 DOOLANDELLA $360 110 $340 118

4078 FOREST LAKE $345 22 $355 24

NORTH WEST - INNER $440 177 $400 176

4059 KELVIN GROVE $450 113 $420 111

4060 ASHGROVE $450 55 $390 57

4065 BARDON $310 9 $305 8

NORTH WEST - OUTER $370 83 $385 83

4053 STAFFORD $370 83 $385 83

SOUTH - INNER $350 395 $350 372

4103 ANNERLEY $340 104 $350 85

4104 YERONGA $340 34 $340 30

4105 MOOROOKA $350 58 $330 67

4120 GREENSLOPES $350 89 $350 90

4121 HOLLAND PARK $350 19 $325 43

4122 MANSFIELD $395 87 $385 57

SOUTH - OUTER $355 41 $308 53

4108 COOPERS PLAINS $350 7 $320 5

4109 MACGREGOR $380 15 $325 19


4115 ALGESTER $350 5 $285 5

SOUTH EAST - INNER $370 382 $375 368

4151 COORPAROO $350 147 $350 155

4152 CAMP HILL $380 53 $360 40

4170 CANNON HILL $380 88 $390 86

4171 BALMORAL $430 92 $425 85

SOUTH WEST - INNER $380 261 $375 202

4068 CHELMER $380 218 $380 159

4075 CORINDA $345 43 $330 43

SOUTH WEST - OUTER $320 15 $330 21

4078 FOREST LAKE $330 9 $325 12

Interstate investors are beginning to see more value in the Brisbane market



GREATER BRISBANE

Residential property markets in Greater Brisbane continue to strengthen, with the median house price for the Brisbane statistical division recording an increase of 5.5 per cent over the year and an increase of 10 per cent in sales volumes.

Typically a quieter time of year, house sales volumes were down across the surrounding council areas except for Redland council which saw an increase in house sales numbers of six per cent over the December quarter. All regions, however, had strong sales growth over the year.

Despite a drop off in volumes over the quarter, the unit and townhouse markets also continue to see improving market conditions with a number of new developments selling well to interstate investors attracted by the relative affordability and strong gross rental yields being acheived in the region.

HOUSE MARKET

Over the December quarter all council areas recorded continued growth in median house prices, with Ipswich recording the strongest growth of 6.7 per cent on the back of strong sales at the upper end of the market.

According to local agents the Ipswich market is now seeing sustainable growth in sales and price increases. The outlook remains very positive and agents are expecting strong price growth over the next five to seven years. Infrastructure upgrades along with new housing developments are paving the way for improved lifestyle for local residents.

Logan also performed strongly over the year with sales activity up 20 per cent, followed by Moreton Bay Regional which was up 13 per cent over the period.

Both regions recorded increases to their median house price of 3.3 and 3.5 per cent respectively over the 2014 calender year.

The Kippa-ring rail extension is reportedly progressing ahead of schedule and attracting buyers to the area according to local agents. Investors are said to be looking at proximity to the rail line have buoyed buying activity in both houses and units in Kippa-Ring Kallangur and surrounding areas.

Overall, however, Redland was the star performer with an increase in buyer activity over the December quarter and year. It’s annual median house price also recorded the strongest result up 4.1 and 4.4 per cent compared to one and five years ago.

Redland City and Moreton Bay also posted the greatest improvement in average days on market for the Greater Brisbane region, down 17 and 16 days respectively.

Meanwhile, Redland recorded the greatest improvement in average vendor discounting for the region, improving by 3.9 percentage points.

UNIT MARKET

Greater Brisbane’s outer-suburban unit and townhouse market is going ahead in leaps and bounds, amid increasing sales volumes and growing buyer confidence.

New townhouse and medium-rise unit developments are proving popular with investors, particularly those from interstate who are being attracted by the relative affordability and also the good rental returns for units and townhouses.

The suburb of Kingston in Logan recorded the highest increase in unit sales over the year for the surrounding council areas, thanks to strong buyer activity in both the established and new unit market. Investors were particularly drawn to a new large townhouse and unit complex located on Juers Street.

In Ipswich the suburbs of Goodna and Bandamba also saw strong investor activity in new townhouse complexes. With prices under $350,000 and asking rents around $320 per week, such complexes provide investors great value for money and ongoing rental return.

In the Moreton Bay area, the rail extension saw increased buyer activity in the suburbs of Kallangur and Scarborough as well as the ever popular North Lakes.

RENTAL MARKET

At the end of December 2014, the surrounding Brisbane council areas all remained in tight conditions, with the exception of Ipswich City, which saw its vacancy rate increase 0.9 per cent to 2.5 per cent – nudging back into the healthy zone.

Although conditions remain tight, Logan did record a slight easing in vacancies over the period. Moreton Bay and Redland City saw vacancies tighten further, down 0.6 and one per cent respectively.

In Moreton Bay, the vacancy rate was down to 1.2 per cent, the lowest the region has seen in a number of years and Redland City now boasts near full capacity with a vacancy rate of an historical low of 0.8 per cent.

Median weekly rents, according to the RTA, remained relatively stable across the Greater Brisbane areas.

FALLING


RISING

BRISBANE HOUSE MARKETSDecember Qtr 2014

Source: REIQ

BrisbaneRedland

↑Moreton BayLogan

Ipswich

FALLING


RISING

QUEENSLAND HOUSE MARKETSDecember Qtr 2014

Source: REIQ

Brisbane SDToowoombaGold Coast

Sunsine CoastCairns

Fraser CoastTownsville

GladstoneBundaberg Rockhampton

↑Mackay





MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

BRISBANE (SD) 6,437 $482,000 3.5% $472,000 5.5% 11.1%

BRISBANE (SD) ^ 436 $550,000 0.0% $561,000 2.0% 3.9%

IPSWICH (LGA) ~ 524 $320,000 6.7% $309,250 3.1% -3.1%

IPSWICH (LGA) ^ ~ 41 $487,500 12.1% $465,000 4.0% 2.1%

AUGUSTINE HEIGHTS 13 $542,500 13.0% $512,500 2.8% -5.1%

BELLBIRD PARK 19 $322,389 12.1% $320,000 -2.7% -1.5%

BOOVAL 8 N/A N/A $258,888 -0.4% -9.8%

BRASSALL 34 $310,000 -4.3% $315,000 1.6% -3.7%

BROOKWATER 14 $366,500 N/A $350,000 11.1% N/A

BUNDAMBA 15 $287,500 14.8% $280,000 1.8% 0.0%

CAMIRA 22 $345,500 3.1% $331,935 -0.5% -2.4%

COLLINGWOOD PARK 23 $292,000 -3.5% $305,000 3.7% -6.2%

EAST IPSWICH 11 $269,500 N/A $260,000 8.3% -5.8%

EASTERN HEIGHTS 18 $300,000 9.1% $288,000 20.0% 2.9%

FLINDERS VIEW ~ 19 $354,000 -10.2% $355,000 7.6% -9.7%

GOODNA 23 $285,000 0.0% $280,000 1.4% -5.4%

IPSWICH 6 N/A N/A $285,000 3.6% -13.6%

KARALEE ^ 16 $505,000 8.6% $510,000 1.5% -4.0%

LEICHHARDT 10 $217,000 5.3% $215,000 3.6% -13.8%

NEWTOWN 10 $322,500 N/A $310,500 -0.7% -3.8%

NORTH BOOVAL 5 N/A N/A $240,000 2.5% -16.4%

NORTH IPSWICH ~ 13 $263,500 -10.7% $256,500 11.5% -10.0%

ONE MILE 6 N/A N/A $235,000 6.8% -4.1%

RACEVIEW 27 $312,000 1.8% $306,500 5.7% -2.4%

REDBANK PLAINS 65 $310,271 12.0% $302,000 5.9% -4.1%

RIVERVIEW 2 N/A N/A $237,000 N/A -7.9%

ROSEWOOD 5 N/A N/A $259,000 1.2% 1.6%

SILKSTONE 12 $270,000 8.0% $266,000 4.3% -3.4%

SPRINGFIELD 26 $367,000 -5.4% $379,000 1.2% 3.7%

SPRINGFIELD LAKES 51 $407,500 -0.6% $405,000 6.6% 1.8%

TIVOLI 6 N/A N/A $235,000 N/A -14.1%

YAMANTO 19 $430,000 8.9% $365,000 9.0% 4.3%

LOGAN (LGA) 771 $354,000 3.8% $346,000 3.3% -0.3%

LOGAN (LGA) ^ 144 $500,000 -2.0% $509,000 2.8% 1.8%

BEENLEIGH 30 $310,000 10.1% $295,000 5.4% -9.9%

BETHANIA 8 N/A N/A $286,250 0.4% -10.0%

BORONIA HEIGHTS 21 $315,000 -1.6% $320,000 6.7% 0.8%

BROWNS PLAINS 12 $320,000 -0.9% $305,000 -1.6% -6.2%

CEDAR GROVE ^ 10 $409,000 N/A $420,000 5.0% -1.0%

CEDAR VALE ^ 9 N/A N/A $430,000 -1.1% 1.4%

CORNUBIA 14 $530,000 3.5% $496,500 9.1% 6.8%

CORNUBIA ^ 6 N/A N/A $695,000 N/A N/A

CRESTMEAD 44 $280,000 -5.9% $288,000 4.3% -8.3%

DAISY HILL 29 $430,000 -0.1% $440,000 10.8% 12.8%

EAGLEBY 22 $243,000 -0.8% $255,000 3.2% -11.1%

EDENS LANDING ~ 23 $370,000 15.6% $345,000 1.9% -4.2%

FORESTDALE ^ 4 N/A N/A $649,000 -0.9% 10.5%

GREENBANK ^ 16 $520,063 -3.5% $528,000 2.5% 1.8%

HERITAGE PARK ~ 17 $375,000 -7.9% $405,000 7.3% 1.5%

HILLCREST 22 $331,250 0.5% $322,250 2.3% -2.8%

JIMBOOMBA 9 N/A N/A $357,750 -2.8% -5.5%

JIMBOOMBA ^ 18 $470,000 7.5% $458,500 1.9% 0.3%

KINGSTON 32 $271,500 1.7% $270,000 9.8% -5.3%

LOGAN CENTRAL 17 $270,000 0.6% $267,250 9.1% -2.8%

LOGAN RESERVE 5 N/A N/A $333,500 N/A N/A

LOGAN VILLAGE ^ 7 N/A N/A $484,750 -6.8% -4.0%

LOGANHOLME 30 $340,000 -5.2% $350,000 -3.8% -1.2%

LOGANLEA 20 $332,500 2.3% $315,000 11.7% 1.6%

MARSDEN 45 $333,000 8.3% $315,500 2.4% -0.5%

MEADOWBROOK ~ 11 $437,000 17.3% $375,000 6.5% -3.8%

MOUNT WARREN PARK ~ 13 $322,000 -10.1% $340,000 3.0% -4.2%

MUNRUBEN ^ 6 N/A N/A $505,000 2.5% -0.8%

NEW BEITH ^ 6 N/A N/A $550,000 5.3% 3.3%

REGENTS PARK 33 $350,000 -4.1% $355,000 0.7% -1.4%

ROCHEDALE SOUTH 79 $455,000 5.8% $442,000 6.1% 10.5%

SHAILER PARK 54 $480,000 0.5% $485,000 6.6% 6.0%

SLACKS CREEK 32 $312,500 -1.1% $305,000 8.9% 2.7%

SPRINGWOOD 29 $425,000 -2.3% $435,000 6.1% 6.1%

TANAH MERAH 11 $390,000 0.5% $389,000 5.8% -2.8%

UNDERWOOD 22 $485,000 0.6% $485,000 5.1% 19.2%

WATERFORD 10 $380,619 8.0% $360,000 4.3% -9.4%

WATERFORD WEST ~ 15 $300,000 -11.9% $320,000 12.3% -1.2%

WINDAROO 11 $440,000 2.3% $422,500 11.2% 7.8%

WOODRIDGE 32 $262,000 -2.4% $262,000 11.0% -3.0%

YARRABILBA 12 $354,000 N/A $389,700 6.5% N/A

MORETON BAY (LGA) 1,245 $395,000 3.3% $391,125 3.5% 2.9%

MORETON BAY (LGA) ^ 150 $580,000 4.0% $575,000 4.5% 4.1%

ALBANY CREEK 58 $510,000 1.0% $500,000 1.0% 4.2%

ARANA HILLS 22 $505,000 10.3% $476,000 7.7% 8.9%

BANKSIA BEACH 20 $497,500 -1.0% $480,000 5.7% 2.1%

BEACHMERE 16 $335,000 1.5% $320,000 11.3% -7.2%

BELLARA 11 $335,000 2.1% $333,000 5.7% -0.6%

BELLMERE 20 $341,000 1.8% $330,000 3.8% -8.6%

BONGAREE 29 $380,000 8.6% $383,000 0.8% 0.8%

BRAY PARK 41 $379,000 2.4% $370,000 7.2% 0.7%

BUNYA ^ 2 N/A N/A $746,500 N/A N/A

BURPENGARY 22 $370,000 2.8% $355,500 7.4% -1.0%

BURPENGARY ^ 12 $545,000 0.0% $532,000 2.3% 0.9%

BURPENGARY EAST 2 N/A N/A $399,000 -1.0% N/A

BURPENGARY EAST ^ 10 $495,500 N/A $520,000 2.0% 4.0%

CABOOLTURE 73 $285,000 2.3% $287,750 3.1% -5.7%

CABOOLTURE ^ 8 N/A N/A $462,500 4.6% 2.0%

CABOOLTURE SOUTH ~ 23 $250,500 -16.5% $270,000 4.2% -8.0%

CASHMERE 12 $666,250 2.5% $650,000 12.8% 22.6%

CLONTARF 37 $385,000 -1.0% $378,000 8.0% 3.1%

DAKABIN 6 N/A N/A $426,500 1.5% 0.4%

DAYBORO ^ 11 $650,000 N/A $644,500 N/A N/A

DECEPTION BAY 72 $315,000 3.3% $305,000 7.0% -5.3%

EATONS HILL 25 $543,000 -0.9% $553,500 6.4% 8.0%

ELIMBAH ^ 7 N/A N/A $477,000 -5.1% -4.6%

EVERTON HILLS 19 $495,000 5.7% $495,000 7.1% 13.8%

FERNY HILLS 32 $457,500 -0.5% $470,000 4.6% 9.0%

GRIFFIN 12 $435,000 N/A $435,000 4.8% 8.4%

JOYNER 8 N/A N/A $525,000 7.8% 16.7%

KALLANGUR 73 $330,000 -6.3% $342,000 5.2% -2.3%

KIPPA-RING 30 $360,000 -2.7% $365,000 2.8% 0.0%

LAWNTON 17 $342,000 -2.8% $343,500 5.7% 0.2%

MANGO HILL 18 $500,000 9.3% $444,000 4.6% -2.4%

MARGATE 29 $435,000 13.0% $381,875 8.5% 6.3%

MORAYFIELD 54 $317,750 0.7% $316,000 7.1% -5.7%

MORAYFIELD ^ 19 $555,000 6.5% $525,000 4.7% -4.1%

MURRUMBA DOWNS 29 $446,000 1.5% $451,750 6.3% 6.3%

NARANGBA 52 $462,500 14.6% $425,000 0.0% 0.0%

NARANGBA ^ 9 N/A N/A $625,000 N/A N/A

NEWPORT 19 $745,000 -6.0% $807,500 13.3% 7.7%

NINGI ~ 14 $275,000 -13.0% $350,000 2.9% 9.5%

NINGI ^ 9 N/A N/A $479,500 0.9% -0.1%

NORTH LAKES 95 $440,000 0.5% $449,250 2.4% 2.1%

PETRIE 29 $415,000 12.3% $376,000 3.9% -0.1%

REDCLIFFE 40 $375,000 -2.1% $380,000 5.6% 5.6%

ROTHWELL 17 $397,000 1.5% $391,000 10.1% 2.9%

SAMFORD VALLEY ^ 8 N/A N/A $861,250 5.0% 7.7%

SANDSTONE POINT 12 $400,000 N/A $377,000 0.9% -4.6%

SCARBOROUGH ~ 33 $410,000 -16.3% $455,000 3.4% 3.4%

STRATHPINE 26 $360,000 9.1% $362,500 8.2% 4.8%

UPPER CABOOLTURE 8 N/A N/A $320,000 0.0% -5.9%

UPPER CABOOLTURE ^ 6 N/A N/A $520,000 3.5% -3.3%

WAMURAN ^ 4 N/A N/A $520,000 13.0% 3.5%

WARNER 34 $480,000 0.7% $470,000 2.2% 4.9%

WOODY POINT 21 $406,000 -3.3% $395,500 2.7% 6.9%

WOORIM 3 N/A N/A $410,000 0.0% -3.0%





MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE


UNITS

62

384

875

508

54 47

310

770

427

47

<$250,000 $250,000+ $350,000+ $500,000+ $1m+


SEP 14 DEC 14


260 282

132

51 5

225 239

100 46

3

<$250,000 $250,000+ $350,000+ $500,000+ $1m+




296

560 457

276

59

243

509 426

280

65

<$250,000 $250,000+ $350,000+ $500,000+ $1m+



108

203 194

112

21

83

215 177

101

35

<$250,000 $250,000+ $350,000+ $500,000+ $1m+



19

10

4

0

16

10 7

2

<$250,000 $250,000+ $350,000+ $500,000+



222

81

33 19

205

67 32 23

<$250,000 $250,000+ $350,000+ $500,000+



21

12

6

0

19 16

6

1

<$250,000 $250,000+ $350,000+ $500,000+



3 4

6

3

11

5 4

0

<$250,000 $250,000+ $350,000+ $500,000+



55

40

14 11

39

24 17 20

<$250,000 $250,000+ $350,000+ $500,000+



18

33

10 10 6 5 7 5

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


13 13

18

7 9

12

3

7

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


38

62

14 5

28

40

10 4

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


HOUSES

161

784

1900

274 130

788

1922

332

<$350,000 $350,000+ $500,000+ $1m+



1272 1256

480

21

1078 1234

571

22

<$350,000 $350,000+ $500,000+ $1m+




66

575 516

101 58

541 629

117

<$350,000 $350,000+ $500,000+ $1m+


SEP 14 DEC 14


76

443 373

43 88

459 426

46

<$350,000 $350,000+ $500,000+ $1m+


SEP 14 DEC 14


182

39 7

159

33 9

<$350,000 $350,000+ $500,000+



208

265

95

161

214

103

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


194

46 6

202

60

6

<$350,000 $350,000+ $500,000+



48 59

14

51 47

10

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


255

183

49

222

165

65

<$350,000 $350,000+ $500,000+



64

94

30

64 73

23

<$350,000 $350,000+ $500,000+



163

69

26

142

60

19

<$350,000 $350,000+ $500,000+



296

208

56

271

200

87

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


REDLAND (LGA) 519 $479,000 2.4% $470,000 4.1% 4.4%

REDLAND (LGA) ^ 22 $833,250 3.9% $802,000 5.5% 2.8%

ALEXANDRA HILLS 55 $404,000 -0.5% $410,000 3.7% 2.4%

BIRKDALE 52 $465,000 -5.5% $490,000 6.5% 8.9%

CAPALABA 55 $440,000 4.5% $439,000 7.1% 8.9%

CAPALABA ^ 5 N/A N/A $840,000 2.4% 9.8%

CLEVELAND 53 $530,000 5.1% $515,000 -0.3% 3.0%

MACLEAY ISLAND ~ f 12 $104,500 -49.0% $194,000 -11.8% -19.2%

MOUNT COTTON 20 $480,000 11.9% $479,000 4.1% 5.0%

ORMISTON ~ 22 $679,000 21.8% $560,000 -5.5% -1.8%

REDLAND BAY 63 $485,000 -2.8% $500,000 5.2% 3.7%

RUSSELL ISLAND 13 $175,000 2.9% $175,000 -7.4% -20.5%

THORNESIDE 13 $490,000 10.4% $445,500 18.8% 4.0%

THORNLANDS 44 $529,000 5.7% $520,000 2.2% -1.9%

THORNLANDS ^ 7 N/A N/A $788,500 N/A N/A

VICTORIA POINT 62 $497,000 5.2% $475,000 3.6% 3.3%

WELLINGTON POINT ~ 49 $601,820 16.3% $546,500 5.1% 9.0%

SURROUNDS

LOCKYER VALLEY (LGA) 39 $243,000 -2.3% $245,100 2.1% -5.7%

LOCKYER VALLEY (LGA) ^ ~ 58 $355,000 7.6% $346,000 7.3% 2.4%

GATTON 14 $264,000 3.2% $260,000 3.3% -6.8%

KENSINGTON GROVE ^ 7 N/A N/A $345,000 11.3% -6.8%

LAIDLEY 16 $209,750 N/A $212,500 -1.2% -13.6%

LAIDLEY HEIGHTS ^ 6 N/A N/A $302,000 N/A -2.6%

PLAINLAND ^ 5 N/A N/A $350,000 8.5% 11.1%

REGENCY DOWNS ^ 4 N/A N/A $315,000 9.5% 0.0%

WITHCOTT ^ 7 N/A N/A $365,053 2.6% N/A

SCENIC RIM (LGA) ~ 51 $366,250 8.9% $360,000 6.5% 2.2%

SCENIC RIM (LGA) ^ 44 $505,000 -1.9% $485,000 10.2% 3.2%

BEAUDESERT 14 $313,000 -3.5% $325,000 6.2% 6.9%

BOONAH 7 N/A N/A $255,000 -8.9% -9.2%

KOORALBYN ^ 7 N/A N/A $340,000 8.5% 2.4%

TAMBORINE ^ 5 N/A N/A $540,000 9.1% 12.5%

TAMBORINE MOUNTAIN 24 $440,000 -2.2% $440,000 10.0% -0.6%

TAMBORINE MOUNTAIN ^ 3 N/A N/A $610,000 -6.0% -13.3%

BRISBANE (SD) 2,322 $385,000 0.0% $390,000 2.6% 6.8%

IPSWICH (LGA) * t 58 $240,000 -0.8% $295,950 17.4% 13.8%

BRASSALL 3 N/A N/A $270,000 8.0% -2.5%

BUNDAMBA * t 2 N/A N/A $297,900 N/A N/A

GOODNA * t 10 $205,750 -33.6% $310,000 42.5% 31.8%

REDBANK PLAINS ~ 4 N/A N/A $225,000 N/A -21.1%

LOGAN (LGA) 223 $240,000 -0.4% $245,000 -5.0% -8.9%

BEENLEIGH * 14 $184,500 -2.9% $180,000 5.9% -23.6%

DAISY HILL 6 N/A N/A $286,000 N/A -4.3%

EAGLEBY ~ 16 $220,000 4.8% $225,250 -24.9% -28.0%

HILLCREST 5 N/A N/A $216,250 N/A N/A

KINGSTON * ~ 19 $265,000 -14.5% $285,000 N/A -5.0%

LOGAN CENTRAL 7 N/A N/A $176,000 6.7% -8.6%

MARSDEN 10 $336,000 0.6% $332,000 0.3% -6.5%

MEADOWBROOK 5 N/A N/A $255,000 N/A -15.7%

MOUNT WARREN PARK 7 N/A N/A $208,000 N/A -12.4%

ROCHEDALE SOUTH 10 $287,500 N/A $275,000 4.5% -1.8%

SHAILER PARK ~ 8 $287,500 11.0% $260,000 -5.8% -10.3%

SLACKS CREEK 11 $208,000 1.5% $207,000 11.9% -13.8%

SPRINGWOOD 13 $290,000 N/A $261,000 4.4% -7.4%

UNDERWOOD 2 N/A N/A $380,000 -1.0% 9.0%

WATERFORD WEST ~ 11 $187,500 N/A $188,750 2.0% -17.1%

WOODRIDGE 24 $185,000 1.1% $183,000 2.8% -12.0%

MORETON BAY (LGA) 273 $307,500 -3.7% $330,000 4.8% 0.0%

ARANA HILLS 3 N/A N/A $356,500 -6.2% -0.8%

BELLARA ~ 17 $124,363 N/A $220,000 -18.2% -25.4%

BONGAREE 14 $287,500 6.5% $298,750 4.8% -4.2%

BRENDALE * t 17 $260,000 -5.3% $321,750 26.2% 13.8%

BURPENGARY 3 N/A N/A $270,000 N/A -6.9%

CABOOLTURE ~ * 11 $255,000 0.0% $255,000 9.2% -12.1%

CLONTARF 11 $420,000 -3.7% $430,000 8.9% 22.9%

DECEPTION BAY ~ 13 $230,000 -26.3% $230,000 -25.1% -12.8%

GRIFFIN 3 N/A N/A $354,500 0.6% N/A

KALLANGUR * t 18 $307,250 -7.2% $331,000 11.1% -1.2%

KIPPA-RING ~ 6 N/A N/A $270,000 6.9% -20.1%

LAWNTON 5 N/A N/A $225,000 8.2% -15.1%

MANGO HILL 1 N/A N/A $361,100 6.2% 3.5%

MARGATE * 9 N/A N/A $372,500 19.2% -3.2%

MORAYFIELD ~ 5 N/A N/A $225,000 -21.7% -2.6%

MURRUMBA DOWNS 7 N/A N/A $345,000 -1.4% -0.7%

NORTH LAKES * t 7 N/A N/A $359,500 0.1% N/A

PETRIE * t 9 N/A N/A $336,000 N/A N/A

REDCLIFFE 26 $345,000 9.2% $335,000 -2.2% -11.3%

ROTHWELL 4 N/A N/A $304,500 N/A -6.5%

SCARBOROUGH ~ 21 $375,000 -8.5% $389,000 3.7% -8.5%

STRATHPINE 3 N/A N/A $254,750 1.9% -9.5%

WOODY POINT 11 $305,000 2.5% $320,000 -5.9% -16.9%

REDLAND (LGA) ~ 83 $338,000 -5.3% $359,000 4.1% 2.6%

CAPALABA * t 23 $283,500 3.1% $315,000 8.6% 2.8%

CLEVELAND 24 $385,000 -3.8% $413,750 13.4% 0.9%

ORMISTON 7 N/A N/A $362,000 2.4% 8.1%

THORNESIDE 5 N/A N/A $305,000 2.2% -1.6%

VICTORIA POINT 6 N/A N/A $361,500 15.7% 13.1%

SOMERSET (LGA) 45 $247,500 -4.6% $250,000 -3.8% -2.7%

SOMERSET (LGA) ^ 41 $380,000 -0.7% $380,000 11.8% 7.0%

ESK 6 N/A N/A $244,000 N/A N/A

FERNVALE 7 N/A N/A $341,000 N/A -1.4%

FERNVALE ^ 7 N/A N/A $402,500 1.4% N/A

KILCOY 7 N/A N/A $238,000 N/A -14.7%

LOWOOD 15 $251,250 N/A $242,500 -24.2% -0.5%

MINDEN ^ 6 N/A N/A $357,500 N/A N/A





MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

SALES MARKET - VACANT LAND (CONT’D)


MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE



IPSWICH CITY $300 705 $300 820

4300 AUGUSTINE HEIGHTS $340 178 $340 221

4301 COLLINGWOOD PARK $310 85 $310 116

4303 DINMORE $260 15 $285 16

4304 BLACKSTONE $290 78 $280 97

4305 BASIN POCKET $285 271 $280 290

4306 AMBERLEY $320 47 $300 53

4340 ASHWELL $290 24 $295 25

4346 MARBURG $275 7 N.A. 2

LOGAN CITY $340 831 $340 894

4114 KINGSTON $315 138 $310 152

4118 BROWNS PLAINS $345 93 $340 101

4119 UNDERWOOD $360 8 $360 8

4123 PRIESTS GULLY $390 51 $380 60

4124 BORONIA HEIGHTS $340 39 $340 41

4125 MUNRUBEN $400 8 $360 8

4127 CHATSWOOD HILLS $365 69 $350 82

4128 KIMBERLEY PARK $370 25 $385 41

4129 LOGANDALE $365 23 $350 26

4130 CARBROOK $380 6 $375 16

4131 LOGANLEA $340 27 $340 29

4132 CRESTMEAD $330 72 $330 84

4133 CHAMBERS FLAT $340 47 $350 39

4205 BETHANIA $320 15 $330 17

4207 ALBERTON $330 191 $330 171

4280 JIMBOOMBA $380 18 $360 18

MORETON BAY REGIONAL $340 1056 $330 1056

4019 CLONTARF $350 81 $350 105

4020 NEWPORT $360 83 $345 92

4021 KIPPA-RING $350 32 $340 28

4022 ROTHWELL $350 10 $350 6

4035 ALBANY CREEK $410 15 $390 22

4037 EATONS HILL $450 9 $430 5

4055 BUNYA $400 38 $420 31

4500 BRAY PARK $360 72 $350 79

4501 LAWNTON $340 16 $340 25

4502 FRENCHS FOREST $350 23 $330 15

4503 DAKABIN $350 93 $330 80

4504 NARANGBA $340 27 $330 19

4505 BURPENGARY $340 20 $312 36

4506 MOORINA $300 70 $285 45

4507 BANKSIA BEACH $330 51 $320 49

4508 DECEPTION BAY $300 107 $300 90

LAND

29

57 49

24 19

31 36

14

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


341

59 22 9

344

59 19 4

<$250,000 $250,000+ $350,000+ $500,000+




102

28 10 10

91

36

9 9

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


46

21 15

8

49

26 19

13

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


49

2 0

29

0 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


81

16 4

69

11 3

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


62

3 0

44

2 1

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


14

1 1

20

2 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


28

1 3

18

6 2

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


77

5 0

35

4 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


60

3 4

27

2 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


106

6 4

83

6 2

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


BRISBANE (SD) 526 $215,900 0.4% $219,000 5.8% 1.9%

BRISBANE (SD) ^ 64 $300,000 9.9% $269,000 3.5% 3.5%

IPSWICH (LGA) 62 $175,450 4.3% $178,000 4.8% 2.9%

IPSWICH (LGA) ^ 12 N/A N/A $240,000 2.0% 1.4%

AUGUSTINE HEIGHTS 4 N/A N/A $220,400 5.0% -1.6%

BELLBIRD PARK 3 N/A N/A $197,000 1.0% -6.2%

BRASSALL * 11 $185,000 N/A $185,500 9.1% 5.8%

DEEBING HEIGHTS 7 N/A N/A $165,600 10.4% N/A

GOODNA 2 N/A N/A $170,000 -5.6% 0.0%

KARALEE ^ 6 N/A N/A $262,500 5.0% 3.1%

LEICHHARDT * 4 N/A N/A $170,000 N/A N/A

RACEVIEW 1 N/A N/A $172,000 4.2% 14.7%

REDBANK PLAINS * 14 $159,900 -3.1% $151,500 6.7% -10.9%

RIPLEY * 6 N/A N/A $167,000 N/A N/A

SPRINGFIELD LAKES 3 N/A N/A $192,500 7.5% 14.6%

LOGAN (LGA) * 101 $197,500 5.1% $182,250 1.3% -11.1%

LOGAN (LGA) ^ 17 $285,000 1.8% $261,000 6.5% 11.2%

BUCCAN ^ * 2 N/A N/A $290,000 N/A N/A

CORNUBIA * 7 N/A N/A $350,000 2.9% N/A

HOLMVIEW 2 N/A N/A $180,000 0.1% -14.2%

JIMBOOMBA * 3 N/A N/A $178,000 1.4% -3.3%

JIMBOOMBA ^ * 2 N/A N/A $231,500 10.8% 17.1%

LOGAN RESERVE * 7 N/A N/A $149,275 -5.1% N/A

LOGAN VILLAGE 2 N/A N/A $246,000 -5.4% N/A

LOGANLEA * 18 $190,000 N/A $187,000 N/A -3.6%

MARSDEN 11 $190,000 N/A $185,000 3.1% -2.6%

NEW BEITH ^ 3 N/A N/A $280,000 7.7% 12.9%

REGENTS PARK 6 N/A N/A $238,000 9.2% N/A

UNDERWOOD 1 N/A N/A $375,000 2.7% 12.8%

WATERFORD * 3 N/A N/A $171,750 -4.1% -1.6%

YARRABILBA * 19 $164,500 N/A $159,000 7.4% N/A

MORETON BAY (LGA) 173 $223,500 6.0% $219,000 5.3% 7.4%

MORETON BAY (LGA) ^ ~ 23 $300,000 10.3% $270,000 -3.4% -6.9%

BANKSIA BEACH * f 1 N/A N/A $400,500 -10.5% -12.9%

BRAY PARK - N/A N/A $204,500 0.0% -7.0%

BURPENGARY * 9 N/A N/A $214,900 2.4% N/A

CABOOLTURE ^ 1 N/A N/A $255,000 -1.9% N/A

CABOOLTURE ~ 22 $174,750 -6.6% $175,000 -2.8% -7.4%

DAKABIN * 10 $215,500 7.5% $206,500 5.9% -3.9%

GRIFFIN 17 $225,000 4.9% $218,000 5.3% 5.7%

MANGO HILL * 27 $238,000 9.2% $230,000 2.2% 0.0%

MORAYFIELD 6 N/A N/A $175,000 1.7% -7.9%

NARANGBA 3 N/A N/A $207,000 3.5% -9.4%

NINGI * 2 N/A N/A $191,400 N/A -15.1%

NORTH LAKES * 20 $248,950 N/A $240,280 10.4% 20.7%

WARNER * 29 $230,900 4.0% $231,700 3.0% 0.7%

REDLAND (LGA) ~ f B 90 $35,000 -31.4% $242,500 86.5% -0.6%

BIRKDALE * 9 N/A N/A $309,000 N/A 4.1%

CLEVELAND 2 N/A N/A $312,500 -2.3% 0.8%

MACLEAY ISLAND ~ f 25 $30,000 -10.4% $32,000 28.0% -41.8%

MOUNT COTTON - N/A N/A $262,000 4.8% 6.9%

REDLAND BAY 3 N/A N/A $270,000 2.3% 3.8%

RUSSELL ISLAND ~ f 35 $19,000 -5.0% $19,000 -5.0% -52.5%

THORNLANDS 6 N/A N/A $285,000 2.2% 14.2%

SURROUNDS

LOCKYER VALLEY (LGA) 18 $100,000 0.0% $100,000 1.0% -15.3%

LOCKYER VALLEY (LGA) ^ 14 N/A N/A $129,750 11.4% -2.8%

LAIDLEY NORTH * 16 $100,000 0.0% $100,000 0.0% N/A

WITHCOTT ^ 2 N/A N/A $148,000 1.4% 7.6%

SCENIC RIM (LGA) 7 N/A N/A $179,250 -0.1% -5.2%

SCENIC RIM (LGA) ^ 3 N/A N/A $230,000 17.9% 36.9%

GLENEAGLE 2 N/A N/A $179,000 -0.3% 4.1%

SOMERSET (LGA) 8 N/A N/A $139,500 3.3% 8.1%

FERNVALE 5 N/A N/A $145,000 7.4% 9.8%



RENTAL MARKET - 3 BED HOUSES (CONT’D)POST DEC-14 DEC-13



RENTAL MARKET - 2 BED UNITS (CONT’D)POST DEC-14 DEC-13


4509 MANGO HILL $380 90 $380 67

4510 BALINGOOL $290 164 $285 171

4511 GODWIN BEACH $325 13 $310 37

4514 BELLTHORPE $300 19 $325 21

4520 ARMSTRONG CREEK $450 12 $380 11

4521 CAMPBELLS POCKET $310 5 $375 11

REDLAND CITY $390 316 $380 332

4157 CAPALABA $395 39 $380 32

4158 THORNESIDE $360 6 $370 9

4159 AQUATIC PARADISE $415 28 $400 23

4160 EROBIN $415 29 $410 29

4161 ALEXANDRA HILLS $395 40 $395 41

4163 CLEVELAND $415 31 $390 31

4164 PINKLANDS $440 19 $420 23

4165 MOUNT COTTON $395 56 $390 64

4184 COOCHIEMUDLO ISLAND $250 65 $230 76

LOCKYER VALLEY REGIONAL $290 87 $270 110

4341 BLENHEIM $280 46 $260 44

4342 CROWLEY VALE $295 7 $270 18

4343 ADARE $290 30 $285 36

SCENIC RIM REGIONAL $300 110 $295 127

4270 TAMBORINE $450 6 N.A. 1

4271 EAGLE HEIGHTS $365 8 $390 11

4272 MOUNT TAMBORINE $370 20 $375 16

4285 ALLENVIEW $300 42 $290 42

4307 COLEYVILLE $280 6 $260 10

4309 ARATULA $250 6 $260 9

4310 ALLANDALE $270 17 $265 25

SOMERSET REGIONAL $265 63 $270 57

4311 ATKINSONS DAM $275 30 $280 23

4312 BRYDEN $225 12 $235 7

4515 GLENFERN $285 17 $320 17

IPSWICH CITY $255 140 $250 129



4304 BLACKSTONE $260 35 $245 21

4305 BASIN POCKET $250 54 $250 53

4306 AMBERLEY $230 6 N.A. 1

LOGAN CITY $260 188 $260 191

4114 KINGSTON $250 75 $265 73

4127 CHATSWOOD HILLS $300 15 $295 16

4128 KIMBERLEY PARK $280 7 $285 6

4131 LOGANLEA $265 6 N.A. 4

4133 CHAMBERS FLAT $260 8 $239 12

4207 ALBERTON $260 58 $250 67

4280 JIMBOOMBA $270 5 $245 5


4019 CLONTARF $265 80 $275 77

4020 NEWPORT $300 100 $295 78

4021 KIPPA-RING $270 7 $265 8

4500 BRAY PARK $290 28 $290 34

4501 LAWNTON $275 14 $270 19

4503 DAKABIN $280 42 $280 37

4505 BURPENGARY $270 9 N.A. 2

4506 MOORINA $260 17 $265 12

4507 BANKSIA BEACH $260 49 $270 50

4508 DECEPTION BAY $295 15 $270 15

4509 MANGO HILL $300 20 $310 21

4510 BALINGOOL $260 88 $250 79

REDLAND CITY $340 58 $330 88

4157 CAPALABA $330 9 $330 17

4161 ALEXANDRA HILLS $360 5 $160 5

4163 CLEVELAND $375 27 $400 36

4165 MOUNT COTTON $290 5 $143 6

LOCKYER VALLEY REGIONAL N/A 13 $220 24

4343 ADARE $240 11 $220 20

IPSWICH CITY $310 144 $310 121



4304 BLACKSTONE $305 46 $305 15

4305 BASIN POCKET $300 28 $305 31

LOGAN CITY $335 381 $330 425

4114 KINGSTON $325 32 $320 56

4118 BROWNS PLAINS $350 60 $350 58

4119 UNDERWOOD $400 14 $335 32

4123 PRIESTS GULLY $325 11 $335 10

4124 BORONIA HEIGHTS $345 6 N.A. 3

4127 CHATSWOOD HILLS $315 27 $330 36

4128 KIMBERLEY PARK $330 8 $345 13

4130 CARBROOK $370 5 N.A. 3

4131 LOGANLEA $341 22 $350 22

4132 CRESTMEAD $340 68 $340 53

4133 CHAMBERS FLAT $310 19 $310 19

4205 BETHANIA $272 16 N.A. 1

4207 ALBERTON $320 92 $320 117


4019 CLONTARF $350 12 $350 11

4020 NEWPORT $370 13 $380 11

4021 KIPPA-RING $335 46 $335 42

4035 ALBANY CREEK $380 22 $380 17

4500 BRAY PARK $350 73 $335 54

4501 LAWNTON $310 7 $340 11

4502 FRENCHS FOREST $345 29 $320 16

4503 DAKABIN $340 160 $340 132

4504 NARANGBA $345 9 $340 11

4505 BURPENGARY $300 19 $310 32

4506 MOORINA $310 13 $300 29

4507 BANKSIA BEACH $320 6 $315 11

4508 DECEPTION BAY $310 50 $310 40

4509 MANGO HILL $355 109 $350 77

4510 BALINGOOL $285 16 $295 27

REDLAND CITY $390 99 $385 83

4157 CAPALABA $344 11 $350 6

4158 THORNESIDE $375 9 $380 10

4159 AQUATIC PARADISE $420 7 N.A. 3

4160 EROBIN $380 13 $395 13

4163 CLEVELAND $400 36 $385 34

4165 MOUNT COTTON $395 18 $390 14

LOCKYER VALLEY REGIONAL N/A 6 N/A 4

4343 ADARE $275 5 N.A. 4

SCENIC RIM REGIONAL N/A 5 N/A 9

4285 ALLENVIEW $300 5 $280 9

RENTAL MARKET - 3 BED TOWNHOUSES

SCENIC RIM REGIONAL $220 30 $220 37

4272 MOUNT TAMBORINE $290 5 N.A. 2

4285 ALLENVIEW $210 21 $210 32


REGIONAL MARKET UPDATES

GOLD COAST

HOUSES

161

784

1900

274 130

788

1922

332

<$350,000 $350,000+ $500,000+ $1m+



1272 1256

480

21

1078 1234

571

22

<$350,000 $350,000+ $500,000+ $1m+




66

575 516

101 58

541 629

117

<$350,000 $350,000+ $500,000+ $1m+


SEP 14 DEC 14


76

443 373

43 88

459 426

46

<$350,000 $350,000+ $500,000+ $1m+


SEP 14 DEC 14


182

39 7

159

33 9

<$350,000 $350,000+ $500,000+



208

265

95

161

214

103

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


194

46 6

202

60

6

<$350,000 $350,000+ $500,000+



48 59

14

51 47

10

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


255

183

49

222

165

65

<$350,000 $350,000+ $500,000+



64

94

30

64 73

23

<$350,000 $350,000+ $500,000+



163

69

26

142

60

19

<$350,000 $350,000+ $500,000+



296

208

56

271

200

87

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


The Gold Coast’s residential real estate market is performing strongly in all key sectors, as confidence builds heading into 2015. There’s a strong sense of optimism that the tourist capital has shrugged off any lingering effects from the GFC and is now firmly on a path to further growth.

The city’s improving tourism market, along with a string of important infrastructure projects and construction associated with the 2018 Commonwealth Game are all helping to generate economic momentum on the glitter strip.

Median sale prices for houses, acreage and units and townhouses all rose in the December quarter, with a range of other key indicators revealing a healthy market outlook.

The percentage of profit making sales continued its impressive rise, up to 88 per cent in the December quarter from 75 per cent a year earlier.

Average days on market remained steady at 72 days in the December quarter, compared to 88 days 12 months earlier.

Average vendor discounting also remained relatively steady, currently sitting at 6.1 per cent in the three months to December, compared to 10.7 per cent in December 2013.

HOUSE MARKET

Gold Coast house sales rose an impressive seven percent in the three months to December. The median price hit $520,000, representing a 5.1 per cent increase on the previous quarter.

There was a very healthy rise in prestige sales, with 117 transactions recorded in the $1 million-plus price bracket. $500,000-plus sales also rose strongly, with 629 transactions in the December quarter – up from 516 the previous quarter.

There were fewer sales in the sub-$500,000 price points, however local agents are optimistic this sector of the market will strengthen heading further into 2015.

Acreage sales on the Gold Coast fell slightly in the three months to December, however they were up two per cent compared to 12 months earlier. On a volume of 127 sales, the median acreage sale price rose 3.3 per cent to $702,500 in the December quarter.

Local agents believe there are better times ahead for both the house and acreage markets as the Gold Coast economy continues to gather momentum and the looming Commonwealth Games increases the city’s international profile.

UNIT MARKET

The Gold Coast unit and townhouse market recorded a six per cent decrease in sale volumes in the three months to September, driven by seasonal factors. However, unit and townhouse sales were up a healthy 20 per cent compared to 12 months earlier.

The median unit and townhouse price rose 2.9 per cent to $350,000 in the three months to December on a volume of 1,577 transactions. Most of the unit and townhouse sales activity occurred at the lower-to-middle end of the market, albeit with lower volumes compared to the previous quarter.

While transactions decreased in the sub-$500,000 price point, sales volumes were up at the higher end of the market. There were 280 transactions at the $500,000-plus price point, a slight rise from the previous quarter. Meanwhile, $1 million-plus unit and townhouse sales increased from 59 in the September quarter to 65 in the three months to December.

Investors remain active in the apartment/unit market amid growing confidence 2015 is set to deliver buyers strong prospects for further growth.

RENTAL MARKET

REIQ-accredited agents on the Gold Coast say rental listings are being snapped up very quickly, with a number reporting an average of less than a week to re-let.

There is also a proportion of investment properties being sold which is also contributing to the tight vacancy rates, which have remained below 2.5 per cent since June 2013.

The residential rental vacancy rate on the Gold Coast edged up slightly to 2.2 per cent at the end of December.

http://www.stgeorge.com.au/personal/home-loans

17





MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

UNITS

62

384

875

508

54 47

310

770

427

47

<$250,000 $250,000+ $350,000+ $500,000+ $1m+


SEP 14 DEC 14


260 282

132

51 5

225 239

100 46

3

<$250,000 $250,000+ $350,000+ $500,000+ $1m+




296

560 457

276

59

243

509 426

280

65

<$250,000 $250,000+ $350,000+ $500,000+ $1m+



108

203 194

112

21

83

215 177

101

35

<$250,000 $250,000+ $350,000+ $500,000+ $1m+



19

10

4

0

16

10 7

2

<$250,000 $250,000+ $350,000+ $500,000+



222

81

33 19

205

67 32 23

<$250,000 $250,000+ $350,000+ $500,000+



21

12

6

0

19 16

6

1

<$250,000 $250,000+ $350,000+ $500,000+



3 4

6

3

11

5 4

0

<$250,000 $250,000+ $350,000+ $500,000+



55

40

14 11

39

24 17 20

<$250,000 $250,000+ $350,000+ $500,000+



18

33

10 10 6 5 7 5

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


13 13

18

7 9

12

3

7

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


38

62

14 5

28

40

10 4

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


GOLD COAST (LGA) ~ 1,409 $520,000 5.1% $510,000 6.5% 6.1%

GOLD COAST (LGA) ^ 127 $702,500 3.3% $680,000 4.8% 1.5%

ARUNDEL ~ 34 $555,000 20.7% $497,500 7.0% 6.8%

ASHMORE 38 $520,250 6.9% $499,000 14.7% 6.4%

BENOWA 25 $785,000 12.1% $750,000 9.5% 6.6%

BIGGERA WATERS ~ f 10 $695,000 25.7% $575,000 18.6% 6.5%

BONOGIN ^ ~ 16 $600,000 -8.5% $596,500 1.5% -7.5%

BROADBEACH WATERS 46 $800,000 2.9% $810,000 9.5% -2.4%

BUNDALL ~ f 22 $749,000 -11.4% $768,500 3.2% -6.8%

BURLEIGH HEADS ~ f 18 $557,500 -14.4% $590,000 1.7% 4.4%

BURLEIGH WATERS 44 $579,000 -0.2% $587,500 8.3% 6.8%

CARRARA ~ 23 $437,500 -7.9% $473,000 10.8% 6.9%

CLEAR ISLAND WATERS 17 $929,500 -4.9% $825,000 7.4% -4.7%

COOMBABAH 30 $430,000 2.4% $413,000 5.6% -0.5%

COOMERA ~ f 16 $473,000 28.2% $379,250 5.5% -7.2%

CURRUMBIN 8 N/A N/A $896,500 40.6% 57.3%

CURRUMBIN WATERS ~ f 22 $537,500 15.6% $515,000 4.8% 5.1%

ELANORA 41 $522,500 7.7% $525,000 8.2% 6.3%

GILSTON 10 $487,000 N/A $489,000 5.2% 6.3%

HELENSVALE 60 $505,000 0.6% $484,000 5.6% 0.2%

HIGHLAND PARK 19 $415,000 -4.6% $415,000 1.8% 0.0%

HOLLYWELL 11 $552,500 N/A $552,500 2.3% 3.3%

HOPE ISLAND 34 $571,500 14.3% $530,000 7.6% 4.1%

JACOBS WELL 8 N/A N/A $405,000 13.2% -1.7%

LABRADOR 17 $439,500 5.9% $441,750 13.3% 3.9%

MAUDSLAND 6 N/A N/A $466,000 5.9% 7.7%

MAUDSLAND ^ 5 N/A N/A $775,000 19.2% N/A

MERMAID BEACH ~ f 16 $890,000 -19.0% $910,000 6.4% -13.3%

MERMAID WATERS ~ f 52 $725,000 17.2% $685,000 9.6% 9.7%

MERRIMAC 17 $445,000 6.7% $425,000 7.6% 2.4%

MIAMI 13 $607,500 2.1% $580,000 11.5% 10.6%

MOLENDINAR 21 $565,000 12.4% $507,000 7.6% 4.5%

MUDGEERABA 35 $500,000 6.4% $482,500 7.2% 7.2%

MUDGEERABA ^ 10 $635,000 N/A $630,000 -0.8% -1.6%

NERANG 46 $385,000 1.2% $378,500 5.1% -0.4%

NERANG ^ 3 N/A N/A $720,000 N/A 1.1%

ORMEAU 56 $470,000 9.8% $426,000 4.9% -1.0%

ORMEAU HILLS 8 N/A N/A $442,744 -1.4% -4.8%

OXENFORD 43 $445,250 5.1% $432,500 -0.9% -1.2%

PACIFIC PINES 64 $460,000 -4.2% $465,000 3.3% 2.2%

PALM BEACH 52 $605,000 6.1% $570,000 7.5% 8.6%

PARADISE POINT ~ f 21 $767,500 -9.7% $836,000 3.2% -4.5%

PARKWOOD 23 $515,000 7.5% $502,000 11.6% 6.8%

PIMPAMA ~ 10 $372,500 -17.5% $390,000 -2.3% 0.0%

REEDY CREEK 20 $600,000 0.8% $620,500 1.7% -2.0%

ROBINA 59 $575,000 1.8% $525,000 1.4% -0.9%

RUNAWAY BAY ~ f 21 $765,000 -14.5% $819,000 12.2% 8.5%

SOUTHPORT 56 $461,000 -1.9% $469,500 9.2% 3.2%

SURFERS PARADISE 26 $1,250,000 6.4% $1,127,500 -2.4% -9.8%

TALLAI ^ ~ 13 $641,000 -7.1% $682,500 -7.1% -0.4%

TALLEBUDGERA ^ 5 N/A N/A $695,000 5.3% -0.7%

TALLEBUDGERA VALLEY ^ 6 N/A N/A $765,000 N/A N/A

TUGUN ~ 10 $630,500 32.0% $488,000 -1.9% 8.4%

UPPER COOMERA 104 $413,250 3.3% $408,000 7.4% -1.7%

VARSITY LAKES 40 $511,000 0.2% $500,000 6.4% 7.1%

WORONGARY 8 N/A N/A $409,750 5.7% 3.1%

WORONGARY ^ 11 $735,000 N/A $721,500 24.9% 16.4%

GOLD COAST (LGA) 1,577 $350,000 2.9% $357,436 3.6% -3.4%

ARUNDEL ~ 11 $340,000 10.2% $310,000 3.3% -3.9%

ASHMORE 15 $274,000 -4.5% $284,000 9.2% -9.0%

BENOWA ~ 26 $391,000 -3.5% $518,000 4.2% 42.0%

BIGGERA WATERS ~ t 25 $273,500 -17.1% $406,000 1.8% 6.8%

BILINGA ~ 9 N/A N/A $377,500 -4.4% -21.4%

BROADBEACH 84 $430,000 2.9% $430,000 -4.4% -7.5%

BROADBEACH WATERS ~ 9 N/A N/A $360,000 -5.3% -21.7%

BUNDALL ~ 8 N/A N/A $314,450 -10.2% -2.8%

BURLEIGH HEADS 60 $396,000 1.4% $391,000 6.9% -2.3%

BURLEIGH WATERS ~ 17 $370,000 11.3% $342,500 5.2% -4.5%

CARRARA ~ 30 $431,040 23.2% $420,450 3.8% 7.8%

CLEAR ISLAND WATERS 9 N/A N/A $420,000 -6.7% 6.6%

COOLANGATTA ~ 50 $399,000 -13.3% $399,000 2.3% -11.3%

COOMBABAH ~ t 43 $325,000 -9.3% $325,000 8.9% 1.0%

COOMERA ~ t 14 $259,875 -20.0% $317,500 17.2% -3.8%

CURRUMBIN ~ t 12 $587,500 54.3% $421,000 0.8% 9.2%

CURRUMBIN WATERS ~ 10 $323,750 10.7% $310,000 6.9% -4.6%

ELANORA ~ 11 $285,000 -10.9% $300,000 4.2% -6.8%

HELENSVALE ~ t 12 $304,000 16.9% $308,000 6.2% -2.2%

HIGHLAND PARK 3 N/A N/A $249,000 -9.8% -11.9%

HOPE ISLAND ~ t f 22 $410,000 10.8% $392,500 26.6% -0.6%

LABRADOR * 76 $312,500 3.3% $330,000 8.2% 4.8%

MAIN BEACH ~ f 35 $573,750 10.3% $574,000 3.9% -3.9%

MAUDSLAND 9 N/A N/A $269,900 -2.8% 9.7%

MERMAID BEACH ~ f 41 $380,000 1.9% $390,000 16.1% 8.3%

MERMAID WATERS 20 $293,000 -6.1% $305,000 2.5% -4.4%

MERRIMAC ~ 10 $270,000 -12.9% $310,000 -18.4% -4.6%

MIAMI 27 $365,000 2.8% $355,000 5.0% -8.6%

MUDGEERABA ~ 19 $332,500 16.7% $321,000 -0.6% -5.2%

NERANG ~ 35 $281,000 12.4% $273,000 3.0% -4.2%

ORMEAU 4 N/A N/A $329,000 8.8% -6.5%

OXENFORD ~ 15 $272,000 -9.6% $278,000 6.9% -4.1%

PACIFIC PINES 14 $332,500 3.1% $355,000 -2.7% -3.5%

PALM BEACH ~ 56 $352,500 8.5% $355,000 7.9% -2.7%

PARADISE POINT ~ f 21 $345,000 -23.3% $493,500 -11.9% -3.9%

PIMPAMA 13 $335,000 N/A $357,450 -7.2% 3.2%

REEDY CREEK 23 $290,000 3.8% $290,000 8.0% -3.2%

ROBINA 43 $385,000 0.5% $395,000 -7.2% -12.2%

RUNAWAY BAY ~ 44 $431,000 21.4% $430,000 -4.4% -0.6%

SOUTHPORT 110 $318,000 5.0% $324,000 2.9% -11.2%

SURFERS PARADISE 219 $320,000 -1.5% $335,000 -5.6% -9.5%

TUGUN 25 $382,500 2.0% $382,218 6.9% -10.6%

UPPER COOMERA 24 $306,500 1.3% $305,000 3.7% -10.8%

VARSITY LAKES * 45 $370,000 -4.6% $389,000 5.7% -1.5%

http://www.stgeorge.com.au/personal/home-loans



LAND

29

57 49

24 19

31 36

14

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


341

59 22 9

344

59 19 4

<$250,000 $250,000+ $350,000+ $500,000+




102

28 10 10

91

36

9 9

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


46

21 15

8

49

26 19

13

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


49

2 0

29

0 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


81

16 4

69

11 3

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


62

3 0

44

2 1

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


14

1 1

20

2 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


28

1 3

18

6 2

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


77

5 0

35

4 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


60

3 4

27

2 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


106

6 4

83

6 2

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14




RENTAL MARKET - 2 BED UNITSPOST DEC-14 DEC-13





MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

GOLD COAST (LGA) * 145 $233,000 -0.4% $231,000 0.7% -1.2%

GOLD COAST (LGA) ^ 8 N/A N/A $360,000 3.6% -3.7%

COOMERA * 16 $265,000 16.2% $229,500 4.3% -3.8%

ELANORA * 3 N/A N/A $316,500 N/A N/A

GILSTON 3 N/A N/A $256,000 2.4% 16.1%

HELENSVALE * f 2 N/A N/A $532,500 N/A 94.3%

ORMEAU 11 $247,500 N/A $226,000 2.7% 2.7%

ORMEAU HILLS * 23 $212,900 N/A $214,000 1.9% N/A

OXENFORD * 2 N/A N/A $235,000 N/A 3.5%

PIMPAMA * 42 $224,000 1.8% $224,000 1.8% 2.1%

REEDY CREEK 3 N/A N/A $319,500 7.4% 6.5%

UPPER COOMERA * 15 $233,000 0.2% $229,500 2.0% 2.0%

WILLOW VALE 2 N/A N/A $206,900 4.2% N/A

GOLD COAST CITY $440 942 $420 1031

4208 BURNSIDE $370 24 $375 24

4209 COOMERA $390 104 $379 119

4210 OXENFORD $395 18 $390 21

4211 ADVANCETOWN $410 103 $395 122

4212 HELENSVALE $500 46 $470 72

4213 BONOGIN $450 34 $420 54

4214 ARUNDEL $430 90 $420 83

4215 LABRADOR $410 113 $390 110

4216 PARADISE POINT $400 58 $400 78

4217 BENOWA $550 43 $560 36

4218 BROADBEACH $535 62 $510 62

4220 BURLEIGH HEADS $495 64 $450 56

4221 ELANORA $480 53 $460 50

4223 CURRUMBIN $420 16 $420 31

4224 TUGUN $450 6 $390 8

4225 BILINGA $400 10 $425 5

4226 CLEAR ISLAND WATERS $480 66 $450 63

4227 REEDY CREEK $460 31 $465 29

GOLD COAST CITY $370 2324 $355 2540

4209 COOMERA $305 6 $300 9

4210 OXENFORD $300 22 $300 21

4211 ADVANCETOWN $320 31 $330 36

4212 HELENSVALE $390 48 $390 47

4214 ARUNDEL $320 21 $290 20

4215 LABRADOR $350 562 $340 585

4216 PARADISE POINT $360 215 $350 192

4217 BENOWA $410 502 $385 612

4218 BROADBEACH $360 327 $350 341

4220 BURLEIGH HEADS $375 168 $370 183

4221 ELANORA $340 124 $320 166

4223 CURRUMBIN $380 41 $350 25

4224 TUGUN $350 24 $310 31

4225 BILINGA $345 98 $330 134


4227 REEDY CREEK $400 55 $410 79

GOLD COAST CITY $395 1064 $380 1259

4208 BURNSIDE $370 7 $370 21

4209 COOMERA $355 152 $350 154

4210 OXENFORD $360 13 $350 13

4211 ADVANCETOWN $370 185 $360 221

4212 HELENSVALE $430 27 $420 43

4213 BONOGIN $360 27 $360 44

4214 ARUNDEL $375 46 $360 50

4215 LABRADOR $410 110 $385 148

4216 PARADISE POINT $375 77 $360 89

4217 BENOWA $460 45 $470 73

4218 BROADBEACH $465 24 $400 25

4220 BURLEIGH HEADS $460 34 $450 25

4221 ELANORA $390 29 $400 22

4223 CURRUMBIN $370 10 $360 24

4224 TUGUN $445 18 $430 34


4227 REEDY CREEK $420 82 $410 88

... the Gold Coast economy continues to gather momentum

19



TOOWOOMBAHOUSES

161

784

1900

274 130

788

1922

332

<$350,000 $350,000+ $500,000+ $1m+



1272 1256

480

21

1078 1234

571

22

<$350,000 $350,000+ $500,000+ $1m+




66

575 516

101 58

541 629

117

<$350,000 $350,000+ $500,000+ $1m+


SEP 14 DEC 14


76

443 373

43 88

459 426

46

<$350,000 $350,000+ $500,000+ $1m+


SEP 14 DEC 14


182

39 7

159

33 9

<$350,000 $350,000+ $500,000+



208

265

95

161

214

103

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


194

46 6

202

60

6

<$350,000 $350,000+ $500,000+



48 59

14

51 47

10

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


255

183

49

222

165

65

<$350,000 $350,000+ $500,000+



64

94

30

64 73

23

<$350,000 $350,000+ $500,000+



163

69

26

142

60

19

<$350,000 $350,000+ $500,000+



296

208

56

271

200

87

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


UNITS

62

384

875

508

54 47

310

770

427

47

<$250,000 $250,000+ $350,000+ $500,000+ $1m+


SEP 14 DEC 14


260 282

132

51 5

225 239

100 46

3

<$250,000 $250,000+ $350,000+ $500,000+ $1m+




296

560 457

276

59

243

509 426

280

65

<$250,000 $250,000+ $350,000+ $500,000+ $1m+



108

203 194

112

21

83

215 177

101

35

<$250,000 $250,000+ $350,000+ $500,000+ $1m+



19

10

4

0

16

10 7

2

<$250,000 $250,000+ $350,000+ $500,000+



222

81

33 19

205

67 32 23

<$250,000 $250,000+ $350,000+ $500,000+



21

12

6

0

19 16

6

1

<$250,000 $250,000+ $350,000+ $500,000+



3 4

6

3

11

5 4

0

<$250,000 $250,000+ $350,000+ $500,000+



55

40

14 11

39

24 17 20

<$250,000 $250,000+ $350,000+ $500,000+



18

33

10 10 6 5 7 5

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


13 13

18

7 9

12

3

7

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


38

62

14 5

28

40

10 4

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14

(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. LAND

29

57 49

24 19

31 36

14

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


341

59 22 9

344

59 19 4

<$250,000 $250,000+ $350,000+ $500,000+




102

28 10 10

91

36

9 9

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


46

21 15

8

49

26 19

13

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


49

2 0

29

0 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


81

16 4

69

11 3

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


62

3 0

44

2 1

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


14

1 1

20

2 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


28

1 3

18

6 2

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


77

5 0

35

4 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


60

3 4

27

2 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


106

6 4

83

6 2

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


Typical of the quieter time of year, sales activity in Toowoomba eased in the three months to December, although sales were up compared to 12 months earlier. Local agents had anticipated the easing due to a combination of seasonal factors and the drop off in growth of the local mining sector centred in the Surat Basin.

Despite the easing in sales activity, median sale prices continued on their upward trajectory in a sign that confidence in the local real estate market remains strong.

However, there is still a strong pipeline of development activity in the Toowoomba region which is expected to a deliver the local economy a soft landing as it moves out of the resources construction phase.

Major developments currently underway include the CBD ring road, Grand Central project and the much-anticipated Second Range Crossing due to begin in 2015.

The new Wellcamp Airport is also expected to yield rural produce exporting opportunities in a further boost to the regional economy. All in all, local agents expect the Toowoomba economy to remain robust in 2015.

HOUSE MARKET

In the three months to December, preliminary house sales numbers in Toowoomba remained steady. Despite this flatlining sales activity, the median house price was up 3.1 per cent. Over the calendar year to September, Toowoomba’s median house price was up 6.3 per cent and an impressive 21.5 per cent compared to five years ago.

Sales activity was up predominantly in the $500,000-plus price bracket, with transactions down across the board below this price point. Local agents report there were fewer listings in the December quarter, generating strong competition for properties.

However, prestige properties in the $1 million-plus price bracket are reportedly coming on to the market in greater numbers as owners test the strength of buyer sentiment.

Profit-making sales were at a very healthy 97 per cent in Toowoomba in the December quarter, with average days on market relatively steady at 63 during that period. Average vendor discounting also remained steady at 4.5 per cent.

UNIT MARKET

Toowoomba’s unit and townhouse market was affected by a widely anticipated seasonal downturn, with preliminary sales numbers down 32 per cent. However, over the 12 months to December sales volumes were up a healthy 23 per cent. Local agents attribute the drop in quarterly sales to the resources sector downturn.

It had been anticipated that the number of new unit and townhouse developments coming onto the market would result in oversupply, however the median sale price over the quarter did not reflect the drop off in sales activity. The median sale price for the December quarter was down 3.7 per cent, well in line with what local agents had been anticipating.

There were decreases in sales activity across all price points, with units in the $250,000 to $350,000 price bracket recording the most transactions.

The sub-$250,000 price point recorded the second highest number of sales, contributing to the downward pressure on the median sale price.

RENTAL MARKET

In regional Queensland a slow mining sector and continued drought sees all but Toowoomba finish the year with vacancy rates above the 3.5 per cent mark.

Toowoomba continues to see tight rental conditions, however increased investor activity in the region has finally converted to an increase in vacancy levels. At the end of December the city’s vacancy rate was 2.3 per cent, up 0.7 per cent on three months earlier.








MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE



TOOWOOMBA (LGA) 86 $268,750 -3.7% $282,000 8.5% 22.6%

CENTENARY HEIGHTS ~ 7 N/A N/A $269,000 -16.6% 10.1%

EAST TOOWOOMBA t ~ 5 N/A N/A $275,000 19.2% 27.0%

HARRISTOWN ~ 6 N/A N/A $217,121 -11.0% -13.2%

KEARNEYS SPRING 11 $275,000 -5.7% $285,000 2.3% 18.3%

NEWTOWN 12 $250,000 -2.5% $256,750 8.3% 18.9%

RANGEVILLE * t 8 N/A N/A $349,000 9.4% 24.6%

SOUTH TOOWOOMBA * t 3 N/A N/A $305,000 15.1% N/A

TOOWOOMBA CITY ~ 5 N/A N/A $235,000 -21.7% 15.2%

WILSONTON 6 N/A N/A $260,000 10.6% 13.8%

TOOWOOMBA REGIONAL $310 619 $290 601

4350 KEARNEYS SPRING $315 483 $300 454

4352 AMIENS $335 28 $330 25

4354 DOUGLAS $230 6 N.A. 3

4355 ANDURAMBA $275 8 $270 9

4356 PITTSWORTH $290 17 $255 24

4357 BRINGALILY $250 11 $270 10

4359 ASCOT $250 6 $275 7

4361 BACK PLAINS $230 8 $225 8

4400 KINGSTHORPE $255 6 $270 8

4401 ACLAND $280 24 $260 36

4614 NEUMGNA $220 10 N.A. 3

GOONDIWINDI REGIONAL $265 37 $265 32

4385 BEEBO $190 6 N.A. 3

4387 BRUSH CREEK $210 5 $200 6

4390 BILLA BILLA $285 25 $285 22

SOUTHERN DOWNS REGIONAL $260 130 $250 145

4362 ALLORA $290 5 $250 8

4370 ALLAN $260 79 $250 90

4380 AMIENS $280 33 $260 32

WESTERN DOWNS REGIONAL $260 172 $350 171

4405 BLAXLAND $260 87 $320 79

4410 JANDOWAE $250 7 N.A. 4

4413 BAKING BOARD $275 46 $430 56

4415 MILES $270 12 $550 22

4419 COCKATOO $285 5 N.A. 4

4421 GORANBA $220 8 N.A. 0


4350 KEARNEYS SPRING $300 17 $320 16

WESTERN DOWNS REGIONAL $350 19 N/A 9

4413 BAKING BOARD $350 19 $500 9


4350 KEARNEYS SPRING $252 317 $240 305

4401 ACLAND $215 9 $180 6

GOONDIWINDI REGIONAL $200 25 $190 28

4390 BILLA BILLA $200 21 $190 24

SOUTHERN DOWNS REGIONAL $204 51 $200 53

4370 ALLAN $214 31 $200 39

4380 AMIENS $180 18 $200 13

WESTERN DOWNS REGIONAL $220 49 $270 62

4405 BLAXLAND $200 28 $235 31

4413 BAKING BOARD $240 13 $400 24

TOOWOOMBA (LGA) 573 $350,000 3.1% $340,000 6.3% 21.5%

TOOWOOMBA (LGA) ^ 110 $460,500 2.7% $490,000 6.5% 21.0%

CENTENARY HEIGHTS 37 $361,875 3.5% $350,000 6.1% 22.4%

CROWS NEST 4 N/A N/A $250,000 2.0% 8.1%

DARLING HEIGHTS 26 $355,000 1.6% $340,000 6.8% 20.4%

EAST TOOWOOMBA 24 $398,000 -0.7% $431,250 11.3% 18.6%

GLENVALE 21 $380,000 0.3% $367,000 9.6% 16.5%

GOWRIE JUNCTION ^ 8 N/A N/A $440,000 N/A N/A

HARLAXTON 11 $287,500 N/A $274,000 9.6% 22.5%

HARRISTOWN 40 $328,750 2.6% $312,000 7.6% 24.8%

HIGHFIELDS 15 $525,000 N/A $490,750 9.1% 17.5%

HIGHFIELDS ^ 28 $545,000 9.1% $535,000 10.8% 21.5%

KEARNEYS SPRING 23 $367,500 -2.0% $365,000 4.5% 21.5%

KINGSTHORPE 6 N/A N/A $303,500 12.4% 21.4%

KLEINTON 9 N/A N/A $490,000 9.4% N/A

MERINGANDAN WEST ^ 9 N/A N/A $358,000 11.9% 17.4%

MIDDLE RIDGE ~ 35 $540,000 15.1% $500,000 9.2% 17.4%

MOUNT LOFTY 23 $390,000 N/A $415,000 16.9% 27.7%

NEWTOWN 57 $310,000 6.9% $300,000 10.1% 21.3%

NORTH TOOWOOMBA 19 $290,000 -3.7% $310,000 11.5% 31.1%

OAKEY ~ 17 $252,000 16.5% $222,800 -1.0% 9.8%

PITTSWORTH 10 $284,500 3.2% $279,500 -0.2% 3.5%

RANGEVILLE 44 $460,000 13.3% $410,000 6.1% 10.8%

ROCKVILLE 19 $281,000 -2.3% $288,000 18.0% 15.5%

SOUTH TOOWOOMBA 28 $339,000 -0.9% $329,000 11.5% 28.4%

TOOWOOMBA CITY 2 N/A N/A $325,000 4.0% 21.3%

WESTBROOK 16 $450,000 4.0% $440,000 4.8% 18.9%

WILSONTON 22 $315,000 0.6% $315,000 11.7% 19.7%

WILSONTON HEIGHTS 11 $290,000 -3.3% $292,500 8.7% 25.3%

WYREEMA 13 $359,750 N/A $350,000 N/A 11.1%

SURROUNDS

GOONDIWINDI (LGA) 15 $210,000 N/A $244,000 13.5% -0.1%

GOONDIWINDI 11 $257,250 N/A $280,000 3.5% 0.5%

SOUTHERN DOWNS (LGA) 56 $240,000 -1.0% $240,000 0.0% 2.1%

SOUTHERN DOWNS (LGA) ^ ~ 26 $370,000 34.5% $330,000 17.9% 4.8%

STANTHORPE ~ 15 $242,000 15.2% $247,000 7.7% 8.2%

WARWICK 29 $255,000 -5.6% $254,500 2.2% 3.7%

WESTERN DOWNS (LGA) ~ 27 $223,000 -20.4% $253,500 -13.2% 3.9%

WESTERN DOWNS (LGA) ^ ~ 21 $229,000 -27.9% $350,000 -19.5% 12.9%

CHINCHILLA 4 N/A N/A $337,500 -6.9% 22.7%

DALBY ~ 12 $235,000 -15.5% $240,000 -8.3% -7.3%

DALBY ^ 9 N/A N/A $417,500 -10.6% -2.0%

TOOWOOMBA (LGA) 29 $155,000 -1.0% $159,950 3.2% 26.4%

TOOWOOMBA (LGA) ^ 14 N/A N/A $179,000 7.5% 14.0%

CAMBOOYA * 3 N/A N/A $115,000 N/A N/A

GLENVALE * 2 N/A N/A $169,950 0.0% 33.8%

GOWRIE JUNCTION ^ 3 N/A N/A $175,000 6.7% 17.4%

KLEINTON * - N/A N/A $182,500 20.9% 40.7%

MERINGANDAN WEST * 3 N/A N/A $136,000 23.6% N/A

MIDDLE RIDGE * 1 N/A N/A $290,250 40.0% 67.8%

WESTBROOK * 3 N/A N/A $159,750 3.7% 49.3%

WYREEMA * 1 N/A N/A $146,000 N/A N/A

SURROUNDS

SOUTHERN DOWNS (LGA) 5 N/A N/A $75,000 -5.1% -15.7%

21



SUNSHINE COAST

HOUSES

161

784

1900

274 130

788

1922

332

<$350,000 $350,000+ $500,000+ $1m+



1272 1256

480

21

1078 1234

571

22

<$350,000 $350,000+ $500,000+ $1m+




66

575 516

101 58

541 629

117

<$350,000 $350,000+ $500,000+ $1m+


SEP 14 DEC 14


76

443 373

43 88

459 426

46

<$350,000 $350,000+ $500,000+ $1m+


SEP 14 DEC 14


182

39 7

159

33 9

<$350,000 $350,000+ $500,000+



208

265

95

161

214

103

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


194

46 6

202

60

6

<$350,000 $350,000+ $500,000+



48 59

14

51 47

10

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


255

183

49

222

165

65

<$350,000 $350,000+ $500,000+



64

94

30

64 73

23

<$350,000 $350,000+ $500,000+



163

69

26

142

60

19

<$350,000 $350,000+ $500,000+



296

208

56

271

200

87

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


Sunshine Coast residential real estate continues to gather strength, with a rebounding economy fuelling confidence the local property market. The tourist centre recorded an impressive double digit increase in house sales in the three months to December, with local agents reporting this momentum has already carried over into 2015.

With the regional economy starting to fire on all cylinders thanks to major infrastructure projects such as the new Sunshine Coast University Hospital and Maroochydore CBD project, the area seems destined for further population growth and consequent demand for real estate.

Local agents are reporting strong and growing demand in all three categories – houses, units and townhouses and acreage. This demand is being driven in part by returning tradespeople who are taking up employment opportunities in the local construction sector. However, investors and those attracted to the Sunshine Coast’s enviable lifestyle along are also driving this interest.

HOUSE MARKET

The Sunshine Coast was one of Queensland’s star performers in the December quarter, with house sales up an impressive 14 per cent. The median sale price rose 1.8 per cent in the three months to December, driven by increases across all price points.

REIQ data confirms the $500,000-plus price point recorded the strongest increase in sales, with very strong activity in the $350,000-plus sector also. Local agents report the prestige end of the market is also performing strongly on the back of rising confidence, with the sub-$350,000 price bracket also attracting much buyer interest.

While the Sunshine Coast recorded a 13 per cent drop in acreage sales in the three months to December, transactions are reportedly again on the rise.

House sales were down 11 per cent in Noosa in the December quarter, however the median sale price held relatively steady. Noosa median acreage sale prices rose a solid 7.8 per cent in the three months to December.

UNIT MARKET

The Sunshine Coast outperformed Noosa in the unit and townhouse market, with sales holding steady in the three months to December. During the same period, the Sunshine Coast median unit and townhouse sale price rose two per cent.

Meanwhile in Noosa, sales were down 16 per cent in the three months to December, with median unit and townhouse sale prices falling 5.1 per cent.

Local agents say owner-occupiers are competing aggressively against investors for unit and townhouse stock, and are often prepared to pay a premium to secure a property. New construction is also gathering pace, centred around perennially popular beachside locations such as Alexandra Headland and Mooloolaba.

UNITS

62

384

875

508

54 47

310

770

427

47

<$250,000 $250,000+ $350,000+ $500,000+ $1m+


SEP 14 DEC 14


260 282

132

51 5

225 239

100 46

3

<$250,000 $250,000+ $350,000+ $500,000+ $1m+




296

560 457

276

59

243

509 426

280

65

<$250,000 $250,000+ $350,000+ $500,000+ $1m+



108

203 194

112

21

83

215 177

101

35

<$250,000 $250,000+ $350,000+ $500,000+ $1m+



19

10

4

0

16

10 7

2

<$250,000 $250,000+ $350,000+ $500,000+



222

81

33 19

205

67 32 23

<$250,000 $250,000+ $350,000+ $500,000+



21

12

6

0

19 16

6

1

<$250,000 $250,000+ $350,000+ $500,000+



3 4

6

3

11

5 4

0

<$250,000 $250,000+ $350,000+ $500,000+



55

40

14 11

39

24 17 20

<$250,000 $250,000+ $350,000+ $500,000+



18

33

10 10 6 5 7 5

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


13 13

18

7 9

12

3

7

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


38

62

14 5

28

40

10 4

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


LAND

29

57 49

24 19

31 36

14

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


341

59 22 9

344

59 19 4

<$250,000 $250,000+ $350,000+ $500,000+




102

28 10 10

91

36

9 9

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


46

21 15

8

49

26 19

13

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


49

2 0

29

0 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


81

16 4

69

11 3

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


62

3 0

44

2 1

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


14

1 1

20

2 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


28

1 3

18

6 2

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


77

5 0

35

4 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


60

3 4

27

2 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


106

6 4

83

6 2

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


Across the Sunshine Coast region, including Noosa, sales activity was up across most price points, with the affordable end of the market performing continuing to perform well. Unit sale volumes were strongest in the $250,000-plus price bracket.

RENTAL MARKET

The Sunshine Coast and Noosa recorded a very tight 1.1 per cent vacancy rate at the end of December. Suburbs on the Caloundra coast saw vacancies drop further to 0.6 per cent, while Maroochy suburbs remained relatively steady. In the Sunshine Coast hinterland, vacancies eased 1.1 percentage points, but still remaining below 2 per cent.

In response to the continued tight conditions, median weekly rents were up across all rental types on the Sunshine Coast, with the largest increase recorded for three bedroom townhouses which were up $30 over the quarter to $400 per week.

According to local agents, rental stock remains low and is being further compounded by investors selling their properties to owner-occupiers or in some instances moving into their properties. Some say rental listings are taking less than a week on the market with six to 10 applicants per listing.






MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

SALES MARKET - UNITS & TOWNHOUSESSUNSHINE COAST (SD) 625 $350,000 0.0% $355,000 4.4% -2.7%

SUNSHINE COAST (LGA) 497 $349,500 2.0% $350,400 2.2% -2.1%

ALEXANDRA HEADLAND ~ f 31 $339,000 11.9% $330,000 7.8% 2.7%

BATTERY HILL 6 N/A N/A $247,500 N/A -7.6%

BIRTINYA 3 N/A N/A $430,000 7.5% N/A

BUDDINA ~ f 7 N/A N/A $452,000 29.1% 17.2%

BUDERIM 31 $370,000 5.7% $375,000 -1.7% 0.3%

CALOUNDRA ~ f 39 $414,750 11.3% $375,000 6.8% -3.8%

COOLUM BEACH 26 $354,000 7.7% $354,000 4.3% 3.8%

CURRIMUNDI 8 N/A N/A $345,750 1.8% -3.9%

GOLDEN BEACH ~ f 30 $297,500 -20.7% $342,500 3.8% -3.5%

KINGS BEACH ~ f 30 $390,000 18.2% $368,750 12.2% -12.2%

MARCOOLA 8 N/A N/A $304,500 -2.4% -12.2%

MAROOCHYDORE 85 $332,000 -9.7% $355,000 0.3% -2.0%

MINYAMA 5 N/A N/A $305,000 5.5% 0.0%

MOFFAT BEACH 7 N/A N/A $395,000 N/A N/A

MOOLOOLABA ~ f 63 $400,000 10.5% $370,000 8.8% 2.8%

MOUNT COOLUM 6 N/A N/A $295,000 12.2% -9.2%

MOUNTAIN CREEK 8 N/A N/A $379,000 0.0% 28.0%

NAMBOUR ~ 11 $259,000 N/A $213,000 -18.1% -19.0%

PARREARRA ~ 9 N/A N/A $382,500 -4.4% -23.2%

TWIN WATERS 6 N/A N/A $470,000 0.0% -10.8%

WARANA 5 N/A N/A $311,500 0.0% -0.6%

SURROUNDS

NOOSA (LGA) 128 $375,000 -5.1% $390,000 1.2% -8.2%

NOOSA HEADS ~ f 59 $408,750 -28.3% $432,000 -3.5% -29.2%

NOOSAVILLE 30 $345,000 -6.8% $362,500 5.5% 0.7%

PEREGIAN BEACH 7 N/A N/A $370,000 -2.0% -18.2%

SUNRISE BEACH 7 N/A N/A $349,000 -0.1% -14.9%

SUNSHINE BEACH ~ f 11 $585,000 -25.0% $535,000 8.9% 2.0%

TEWANTIN ~ 9 N/A N/A $264,375 -19.9% -12.6%

SUNSHINE COAST (SD) 107 $259,000 5.5% $239,925 1.2% 0.0%

SUNSHINE COAST (SD) ^ 37 $310,000 5.1% $300,000 3.4% 0.0%

SUNSHINE COAST (LGA) 89 $242,100 0.0% $235,000 2.2% -1.7%

SUNSHINE COAST (LGA) ^ 24 $313,750 8.2% $301,000 2.0% 0.3%

BIRTINYA * 3 N/A N/A $253,000 -10.1% -18.1%

BLI BLI 1 N/A N/A $235,000 2.8% -3.1%

BUDERIM ~ 5 N/A N/A $265,000 -10.0% -10.2%

CALOUNDRA WEST * 4 N/A N/A $206,000 15.0% -14.0%

GLASS HOUSE MOUNTAINS * 3 N/A N/A $195,000 N/A N/A

LITTLE MOUNTAIN * 8 N/A N/A $225,000 0.4% -10.9%

MAROOCHYDORE 8 N/A N/A $228,000 10.5% N/A

MERIDAN PLAINS * 11 $199,900 N/A $220,900 N/A 0.4%

MOUNTAIN CREEK 7 N/A N/A $257,000 3.4% 9.4%

PELICAN WATERS ~ f 5 N/A N/A $445,000 49.6% 36.9%

PEREGIAN SPRINGS 3 N/A N/A $245,000 2.0% -10.9%

YANDINA 1 N/A N/A $192,500 N/A N/A

SURROUNDS

NOOSA (LGA) ~ f * 18 $437,500 76.6% $275,000 0.0% -1.1%

NOOSA (LGA) ^ 13 N/A N/A $290,000 -3.3% 0.0%

COOROY * 1 N/A N/A $199,000 N/A -7.9%

DOONAN ^ 4 N/A N/A $292,000 N/A N/A

NOOSAVILLE * ~ f 8 N/A N/A $322,500 15.2% 9.7%

SUNSHINE COAST (SD) 1,072 $485,000 1.6% $480,000 6.7% 5.5%

SUNSHINE COAST (SD) ^ 187 $567,000 2.8% $562,500 9.2% -0.6%

SUNSHINE COAST (LGA) 930 $482,000 1.8% $473,250 6.3% 5.2%

SUNSHINE COAST (LGA) ^ 136 $575,000 1.3% $575,000 9.5% 0.0%

ALEXANDRA HEADLAND 7 N/A N/A $691,250 -12.5% -4.7%

AROONA 16 $437,500 -5.9% $457,000 6.9% 8.8%

BATTERY HILL 8 N/A N/A $430,000 5.3% 8.5%

BEERWAH 23 $378,000 0.2% $380,000 2.7% -4.9%

BEERWAH ^ 3 N/A N/A $465,000 N/A N/A

BLI BLI 25 $425,000 2.3% $430,000 4.9% 8.3%

BUDDINA 14 $535,000 3.9% $530,000 -5.4% -8.0%

BUDERIM 124 $555,000 6.1% $535,000 4.0% 1.9%

BUDERIM ^ 6 N/A N/A $910,000 11.0% 24.7%

BURNSIDE 14 $377,500 N/A $376,000 9.3% 1.6%

CALOUNDRA WEST 34 $425,000 0.6% $421,000 5.3% 0.5%

COES CREEK 7 N/A N/A $363,500 3.9% 0.7%

COOLUM BEACH 37 $495,000 5.3% $495,000 12.6% 4.2%

CURRIMUNDI 22 $448,000 2.7% $440,000 2.4% 3.5%

DICKY BEACH 6 N/A N/A $630,000 13.5% N/A

EUMUNDI ^ 5 N/A N/A $650,000 -1.4% N/A

GLASS HOUSE MOUNTAINS 12 $419,000 -2.1% $420,000 8.4% -1.5%

GLASS HOUSE MOUNTAINS ^ 4 N/A N/A $445,000 13.1% -14.4%

GLENVIEW ^ 2 N/A N/A $580,000 N/A 2.3%

GOLDEN BEACH 19 $449,500 6.1% $450,000 7.1% 0.0%

KULUIN 9 N/A N/A $408,000 5.7% 2.3%

LANDSBOROUGH 9 N/A N/A $356,000 3.2% -1.9%

LANDSBOROUGH ^ 5 N/A N/A $520,000 20.9% 9.5%

LITTLE MOUNTAIN 44 $492,000 -0.8% $475,000 5.0% 2.3%

MALENY 11 $422,000 N/A $436,500 3.4% -5.1%

MALENY ^ 4 N/A N/A $555,000 -14.8% N/A

MARCOOLA 4 N/A N/A $490,000 2.3% 11.4%

MAROOCHYDORE 40 $494,500 8.7% $465,000 1.1% 4.5%

MERIDAN PLAINS 8 N/A N/A $452,750 0.2% 5.3%

MINYAMA ~ f 13 $757,500 29.8% $787,500 12.9% -19.1%

MOFFAT BEACH 14 $633,000 4.6% $632,500 11.5% 26.8%

MOOLOOLABA ~ f 26 $602,500 -10.1% $615,000 9.6% 7.0%

MOOLOOLAH VALLEY 5 N/A N/A $393,000 8.8% 7.7%

MOOLOOLAH VALLEY ^ 6 N/A N/A $532,500 5.4% 7.6%

MOUNT COOLUM 9 N/A N/A $480,000 9.3% 3.2%

MOUNTAIN CREEK 43 $535,000 -1.2% $515,000 5.0% 7.3%

MUDJIMBA 7 N/A N/A $553,000 17.7% 6.1%

NAMBOUR 42 $341,250 2.2% $335,000 4.8% -1.5%

PACIFIC PARADISE 12 $411,000 2.8% $395,000 11.3% 8.2%

PALMWOODS 18 $460,000 12.2% $425,000 2.4% -0.9%

PALMWOODS ^ 6 N/A N/A $680,000 7.1% 3.6%

PARREARRA 16 $515,000 -5.9% $565,000 5.6% 9.7%

PELICAN WATERS 42 $660,000 -4.0% $667,000 11.2% 13.1%

PEREGIAN SPRINGS 33 $545,000 -6.8% $565,000 6.6% 7.6%

SIPPY DOWNS 41 $440,500 0.1% $440,000 6.8% 2.3%

TANAWHA ^ 4 N/A N/A $800,000 N/A N/A

TWIN WATERS ~ f 14 $605,000 -13.6% $660,000 3.9% 2.0%

WARANA 11 $570,000 7.5% $517,023 4.4% 7.4%

WITTA ^ 3 N/A N/A $561,250 10.0% 7.0%

WOOMBYE ~ 16 $360,000 -11.1% $415,375 14.0% 9.9%

WURTULLA 22 $466,250 -2.9% $480,000 10.3% 5.3%

YAROOMBA 10 $530,000 N/A $538,000 12.1% 8.1%

SURROUNDS

NOOSA (LGA) 142 $520,000 -0.5% $535,000 4.9% 4.9%

NOOSA (LGA) ^ ~ 51 $555,000 7.8% $530,000 0.0% -1.6%

BLACK MOUNTAIN ^ 6 N/A N/A $492,000 -5.6% N/A

COOROIBAH ^ 5 N/A N/A $580,000 1.3% N/A

COOROY 8 N/A N/A $411,000 5.4% 2.5%

DOONAN ^ 13 $600,000 -3.2% $627,500 -7.7% -0.8%

LAKE MACDONALD ^ 5 N/A N/A $570,000 15.2% 28.8%

NOOSA HEADS ~ 14 $596,750 -8.3% $657,500 1.2% -2.6%

NOOSAVILLE ~ f 31 $640,500 -12.6% $675,000 -5.9% -12.9%

PEREGIAN BEACH ~ f 16 $666,000 17.4% $600,000 -2.4% 5.7%

POMONA ^ 3 N/A N/A $499,000 11.0% -2.2%

SUNRISE BEACH ~ f 13 $512,000 -18.1% $605,000 2.5% -0.6%

SUNSHINE BEACH 6 N/A N/A $1,005,000 3.1% 18.9%

TEWANTIN 40 $445,000 -1.1% $445,000 7.2% 3.5%

23




FRASER COAST





The Fraser Coast saw a solid increase in sales volumes in the three months to December in a further sign that the local market is in recovery phase. While the median sale price recorded a slight drop, average vendor discounting remained relatively unchanged. Average days on market were unchanged compared to three months earlier, with local agents characterising it as a “steady” market.

With relatively high unemployment persisting, there are hopes that the local economy will continue to improve on the back of new developments including the new hospital and Stockland shopping centre expansion.

According to local agents, buyer confidence is on the rise and vendors are becoming more realistic and more willing to meet the market. Meanwhile a local council incentive scheme offering $12,000 cashback to new home buyers in Hervey Bay is fuelling hopes of an increase in sales activity.

HOUSE MARKET

The Fraser Coast house market recorded a solid increase in sales activity in the three months to December. Preliminary sales were up a healthy 12 per cent on the previous quarter, with local agents reporting 4-bedroom, 2-bathroom properties are in strong demand. REIQ data shows most transactions are occurring in the sub-$350,000 price bracket, with sales up on the previous quarter.

The $350,000-$500,000 price point also saw a steady rise in activity, with local agents confirming strong demand from buyers in this category. Demand for lower-priced properties remains strongest, with affordable house and land packages also attracting good buyer interest.

Despite rising sales volumes over the December quarter, the Fraser Coast’s median house price fell slightly, by 0.5 per cent. This was largely a result of the high number of transactions at the sub-$350,000 price point.

Average days on market for house sales remained steady in the December quarter, at 108 days. Meanwhile, average vendor discounting was relatively unchanged at 7.9 per cent over the period.

HOUSES

161

784

1900

274 130

788

1922

332

<$350,000 $350,000+ $500,000+ $1m+



1272 1256

480

21

1078 1234

571

22

<$350,000 $350,000+ $500,000+ $1m+




66

575 516

101 58

541 629

117

<$350,000 $350,000+ $500,000+ $1m+


SEP 14 DEC 14


76

443 373

43 88

459 426

46

<$350,000 $350,000+ $500,000+ $1m+


SEP 14 DEC 14


182

39 7

159

33 9

<$350,000 $350,000+ $500,000+



208

265

95

161

214

103

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


194

46 6

202

60

6

<$350,000 $350,000+ $500,000+



48 59

14

51 47

10

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


255

183

49

222

165

65

<$350,000 $350,000+ $500,000+



64

94

30

64 73

23

<$350,000 $350,000+ $500,000+



163

69

26

142

60

19

<$350,000 $350,000+ $500,000+



296

208

56

271

200

87

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


SUNSHINE COAST REGIONAL (NEW) $410 742 $380 740

4518 GLASS HOUSE MOUNTAINS $355 11 $350 12

4519 BEERWAH $350 26 $340 21

4550 LANDSBOROUGH $340 17 $330 10

4551 AROONA $410 151 $380 127

4552 BALD KNOB $360 23 $360 30

4553 PALMVIEW $370 8 $370 12

4555 CHEVALLUM $380 8 $365 12

4556 BUDERIM $440 75 $400 86

4557 MOOLOOLABA $450 44 $420 47

4558 MAROOCHYDORE $440 44 $380 47

4559 DIDDILLIBAH $400 10 $370 8

4560 BLI BLI $370 76 $350 96

4561 BRIDGES $370 11 $375 12

4562 BELLI PARK $420 14 $425 13

4564 MARCOOLA $390 37 $400 23

4572 ALEXANDRA HEADLAND $440 9 $400 5

4573 COOLUM BEACH $440 76 $420 83

4575 BIRTINYA $430 99 $410 92

NOOSA SHIRE $430 135 $400 141

4565 BOREEN $400 47 $390 38

4566 NOOSAVILLE $430 16 $420 17

4567 CASTAWAYS BEACH $500 49 $450 45

4563 BLACK MOUNTAIN $350 8 $395 11

4568 FEDERAL $390 10 $350 15


4519 BEERWAH $295 8 $310 5

4551 AROONA $390 30 $370 29

4556 BUDERIM $400 87 $365 40

4557 MOOLOOLABA $410 80 $410 21

4558 MAROOCHYDORE $360 34 $360 44

4560 BLI BLI $350 16 $350 15

4564 MARCOOLA $410 19 $370 16

4573 COOLUM BEACH $440 24 $375 12

4575 BIRTINYA $400 9 $385 10

NOOSA SHIRE $500 21 $400 23

4566 NOOSAVILLE $550 7 $400 9

4567 CASTAWAYS BEACH $500 14 $430 10


4551 AROONA $315 155 $310 159

4556 BUDERIM $320 43 $320 40

4557 MOOLOOLABA $320 96 $300 102

4558 MAROOCHYDORE $340 184 $320 188

4559 DIDDILLIBAH $280 7 $260 12

4560 BLI BLI $250 37 $240 44

4564 MARCOOLA $320 63 $300 52

4572 ALEXANDRA HEADLAND $360 56 $330 51

4573 COOLUM BEACH $340 68 $330 82

4575 BIRTINYA $380 112 $360 116

NOOSA SHIRE $375 92 $340 121

4566 NOOSAVILLE $350 30 $330 35

4567 CASTAWAYS BEACH $380 57 $360 68



FRASER COAST CONTINUED

UNITS

62

384

875

508

54 47

310

770

427

47

<$250,000 $250,000+ $350,000+ $500,000+ $1m+


SEP 14 DEC 14


260 282

132

51 5

225 239

100 46

3

<$250,000 $250,000+ $350,000+ $500,000+ $1m+




296

560 457

276

59

243

509 426

280

65

<$250,000 $250,000+ $350,000+ $500,000+ $1m+



108

203 194

112

21

83

215 177

101

35

<$250,000 $250,000+ $350,000+ $500,000+ $1m+



19

10

4

0

16

10 7

2

<$250,000 $250,000+ $350,000+ $500,000+



222

81

33 19

205

67 32 23

<$250,000 $250,000+ $350,000+ $500,000+



21

12

6

0

19 16

6

1

<$250,000 $250,000+ $350,000+ $500,000+



3 4

6

3

11

5 4

0

<$250,000 $250,000+ $350,000+ $500,000+



55

40

14 11

39

24 17 20

<$250,000 $250,000+ $350,000+ $500,000+



18

33

10 10 6 5 7 5

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


13 13

18

7 9

12

3

7

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


38

62

14 5

28

40

10 4

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


LAND

29

57 49

24 19

31 36

14

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


341

59 22 9

344

59 19 4

<$250,000 $250,000+ $350,000+ $500,000+




102

28 10 10

91

36

9 9

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


46

21 15

8

49

26 19

13

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


49

2 0

29

0 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


81

16 4

69

11 3

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


62

3 0

44

2 1

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


14

1 1

20

2 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


28

1 3

18

6 2

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


77

5 0

35

4 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


60

3 4

27

2 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


106

6 4

83

6 2

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14




MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE



UNIT MARKET

In another sign of a recovering market, unit sales on the Fraser Coast rose eight per cent up in the three months to December. The median sale price was also up an impressive 12.5 per cent over the quarter, on the back of an rise in transactions in the $250,000-plus price point

Sales in the sub-$250,000 bracket were down slightly in the December quarter, contributing to the increased median sale price during this period.

RENTAL MARKET

The Fraser Coast enjoyed low vacancy rates at the end of December, down marginally to 1.9 per cent from the end of September. Hervey Bay in particular continues to exhibit tight conditions, with its vacancy rate dropping further to 1.6 per cent over the three months to December, while Maryborough remained relatively steady at 2.3 per cent.

Local agents say with the sales market yet to take off, the rental market is remaining in strong demand, resulting in relatively tight conditions. Investor activity is reportedly low, despite the improving vacancy levels, although there are hopes that low interest rates will generate more interest from interstate investors.

FRASER COAST (LGA) 276 $285,000 -0.5% $295,000 1.7% -1.0%

FRASER COAST (LGA) ^ 70 $360,000 -3.7% $370,000 0.7% -2.6%

BURRUM HEADS 7 N/A N/A $395,179 6.8% -1.8%

ELI WATERS 10 $306,250 -2.0% $327,000 5.8% -2.1%

KAWUNGAN 19 $355,000 7.6% $330,000 0.0% 1.4%

MARYBOROUGH ~ 61 $199,000 -7.4% $203,500 -0.7% -13.4%

PIALBA 5 N/A N/A $306,000 8.3% 10.1%

POINT VERNON 20 $317,500 9.9% $305,000 0.0% -1.6%

RIVER HEADS 5 N/A N/A $280,000 5.7% N/A

SCARNESS 11 $265,000 -7.0% $272,000 -1.3% -6.2%

TINANA 6 N/A N/A $280,000 5.7% -3.4%

TOOGOOM ~ 12 $305,000 -9.0% $310,000 8.8% -1.2%

TORQUAY ~ 19 $282,000 -7.5% $313,000 -2.2% -1.6%

URANGAN 43 $315,000 3.8% $315,000 1.9% 0.7%

URRAWEEN 19 $320,000 -5.9% $340,000 1.5% -2.9%

SURROUNDS

GYMPIE (LGA) 105 $255,000 2.0% $256,000 0.0% -8.6%

GYMPIE (LGA) ^ ~ 60 $313,500 8.1% $325,000 2.5% -8.7%

CARTERS RIDGE ^ 1 N/A N/A $272,000 N/A N/A

COOLOOLA COVE 9 N/A N/A $265,000 3.1% -16.9%

CURRA ^ 4 N/A N/A $242,000 -12.4% -14.5%

GYMPIE 49 $241,000 2.6% $235,000 2.0% -11.3%

KANDANGA ^ 8 N/A N/A $257,100 N/A N/A

RAINBOW BEACH 4 N/A N/A $430,500 N/A N/A

SOUTHSIDE 12 $333,750 N/A $315,000 -0.3% -3.1%

TIN CAN BAY 11 $280,000 N/A $280,000 -12.5% -9.7%

SOUTH BURNETT (LGA) 50 $210,000 5.0% $201,250 1.6% -14.4%

SOUTH BURNETT (LGA) ^ ~ 27 $296,000 20.8% $260,000 -1.9% -5.5%

KINGAROY ~ 24 $246,750 11.0% $235,000 3.3% -9.6%

MURGON 4 N/A N/A $150,000 -11.8% -16.7%

NANANGO 9 N/A N/A $176,000 -0.8% -20.0%

FRASER COAST (LGA) ~ f 42 $270,000 12.5% $260,000 2.9% -6.2%

PIALBA ~ f 8 N/A N/A $310,000 18.9% -4.3%

SCARNESS 1 N/A N/A $249,000 -3.3% -9.5%

TORQUAY 6 N/A N/A $240,000 14.3% -10.5%

URANGAN ~ f 15 $290,000 11.5% $260,000 -8.5% -19.3%

SURROUNDS

GYMPIE (LGA) 9 N/A N/A $255,000 N/A -3.3%

GYMPIE 2 N/A N/A $252,500 N/A N/A

FRASER COAST (LGA) ~ 47 $125,000 -16.7% $147,000 5.0% -1.8%

FRASER COAST (LGA) ^ ~ 21 $115,000 15.0% $106,000 29.3% 5.5%

GLENWOOD ^ 8 N/A N/A $69,000 -1.4% -13.8%

NIKENBAH * 1 N/A N/A $150,000 N/A N/A

RIVER HEADS * 5 N/A N/A $95,000 N/A N/A

TOOGOOM * 7 N/A N/A $100,000 N/A N/A

WONDUNNA * 8 N/A N/A $158,500 N/A -6.8%

SURROUNDS

GYMPIE (LGA) ~ 24 $100,000 -20.9% $107,000 -2.7% -12.8%

GYMPIE (LGA) ^ 15 $120,000 -4.0% $120,000 0.0% -11.1%

GYMPIE ~ 10 $91,500 N/A $100,000 -14.2% -5.7%

25




BUNDABERG





Despite languid market indicators over the 2014 calender year, local real estate agents say the Bundaberg residential property market is poised for recovery.

A number of key infrastructure and commercial developments earmarked for the region are set to provide a much needed boost for local jobs which will in turn improve overall confidence.

New developments include the announcement of a Giprock factory at the port, gas pipeline and sewerage plant projects to support local industry developments. Meanwhile the new Masters and Bunnings stores are set to provide further local jobs.

According to local agents, investors are beginning to see value in the Bundaberg market and have been showing interest in the unit and townhouse market.

The low interest rates and the local economy picking up some momentum on the back of improved job opportunities are now likely to have a positive impact on the local residential market for the year ahead.

HOUSE MARKET

Despite easing sales volumes over the quarter and year, median house prices have held relatively steady, up 2.2 per cent over the quarter and up 0.5 per cent over the year

Since Christmas however, local agents say buyer activity has picked up, despite a pause over the election period.

Local agents also say first home buyers are likely to begin to return to the Bundaberg market, given the regions relative affordability. With a median house price of under $280,000 Bundaberg is the most affordable major regional centre.

Further indication that the house market is improving is the pick up in sales at the prestige end of the market. Over the quarter nine properties exchanged hands in the $500,000-plus bracket, compared to just five during the previous quarter.

The percentage of properties selling for a profit has also improved slightly, with 82 per cent of vendors in Bundaberg achieving a sale price higher than what they originally paid.

UNIT MARKET

Investors are said to be coming into the Bundaberg market, seeing great value for money - particularly in the unit and townhouse market.

According to local agents, improving rental yields are once again attracting investors to the region. And with rental returns becoming better in comparison to investments in the share market, investors returning to the property sector typically target the unit and townhouse market.

Due to some high end unit sales, the region’s median sale price jump 12.8 per cent over the quarter and its annual median was also up 10.6 per cent.

This increase in upper end activity was recorded in both the $350,000-plus and the $500,000-plus bracket over the quarter.

RENTAL MARKET

Bundaberg, after signs of a recovery in September, saw its vacancy rate increase to 4.4 per cent over the last three months of the year, sending it also back into weak market conditions. According to local agents, this trend is typical for the time of year, with many tenants moving around in search of work.

Increases in asking rents are also reportedly causing tenants to look elsewhere, although median weekly rents from the RTA are yet to reflect this change.

FRASER COAST REGIONAL $285 312 $275 348

4650 ALDERSHOT $260 133 $254 128

4655 BOORAL $310 169 $285 201

4659 BEELBI CREEK $250 10 $260 12

GYMPIE REGIONAL $265 156 $260 188

4570 AMAMOOR $260 117 $255 141

4580 COOLOOLA $280 26 $265 30

4581 EURONG $300 7 $280 10

SOUTH BURNETT REGIONAL $235 117 $230 148

4605 BARLIL $200 22 $200 27

4606 CHARLESTOWN $220 11 $215 13

4610 ALICE CREEK $250 60 $250 71

4615 BARKER CREEK FLAT $235 17 $220 29


4650 ALDERSHOT $190 44 $185 51

4655 BOORAL $260 93 $240 101


4570 AMAMOOR $200 36 $200 41

4581 EURONG $260 8 $200 15

SOUTH BURNETT REGIONAL $195 50 $195 47

4610 ALICE CREEK $200 40 $200 36

4615 BARKER CREEK FLAT $150 6 N.A. 4


4655 BOORAL $310 47 $310 61


4580 COOLOOLA $290 5 $285 5



UNITS

62

384

875

508

54 47

310

770

427

47

<$250,000 $250,000+ $350,000+ $500,000+ $1m+


SEP 14 DEC 14


260 282

132

51 5

225 239

100 46

3

<$250,000 $250,000+ $350,000+ $500,000+ $1m+




296

560 457

276

59

243

509 426

280

65

<$250,000 $250,000+ $350,000+ $500,000+ $1m+



108

203 194

112

21

83

215 177

101

35

<$250,000 $250,000+ $350,000+ $500,000+ $1m+



19

10

4

0

16

10 7

2

<$250,000 $250,000+ $350,000+ $500,000+



222

81

33 19

205

67 32 23

<$250,000 $250,000+ $350,000+ $500,000+



21

12

6

0

19 16

6

1

<$250,000 $250,000+ $350,000+ $500,000+



3 4

6

3

11

5 4

0

<$250,000 $250,000+ $350,000+ $500,000+



55

40

14 11

39

24 17 20

<$250,000 $250,000+ $350,000+ $500,000+



18

33

10 10 6 5 7 5

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


13 13

18

7 9

12

3

7

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


38

62

14 5

28

40

10 4

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


LAND

29

57 49

24 19

31 36

14

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


341

59 22 9

344

59 19 4

<$250,000 $250,000+ $350,000+ $500,000+




102

28 10 10

91

36

9 9

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


46

21 15

8

49

26 19

13

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


49

2 0

29

0 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


81

16 4

69

11 3

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


62

3 0

44

2 1

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


14

1 1

20

2 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


28

1 3

18

6 2

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


77

5 0

35

4 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


60

3 4

27

2 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


106

6 4

83

6 2

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14






HOUSES

161

784

1900

274 130

788

1922

332

<$350,000 $350,000+ $500,000+ $1m+



1272 1256

480

21

1078 1234

571

22

<$350,000 $350,000+ $500,000+ $1m+




66

575 516

101 58

541 629

117

<$350,000 $350,000+ $500,000+ $1m+


SEP 14 DEC 14


76

443 373

43 88

459 426

46

<$350,000 $350,000+ $500,000+ $1m+


SEP 14 DEC 14


182

39 7

159

33 9

<$350,000 $350,000+ $500,000+



208

265

95

161

214

103

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


194

46 6

202

60

6

<$350,000 $350,000+ $500,000+



48 59

14

51 47

10

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


255

183

49

222

165

65

<$350,000 $350,000+ $500,000+



64

94

30

64 73

23

<$350,000 $350,000+ $500,000+



163

69

26

142

60

19

<$350,000 $350,000+ $500,000+



296

208

56

271

200

87

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14




MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE



BUNDABERG (LGA) 206 $275,000 2.2% $277,500 0.5% 0.9%

BUNDABERG (LGA) ^ ~ 57 $341,000 6.6% $350,000 2.3% 3.7%

AVENELL HEIGHTS 11 $279,000 5.7% $270,000 -5.2% -3.2%

AVOCA 12 $293,000 N/A $317,750 7.2% 2.8%

BARGARA 29 $367,000 0.5% $367,000 -0.3% 3.4%

BRANYAN ^ 13 $350,000 N/A $388,500 3.6% 10.2%

BUNDABERG EAST 5 N/A N/A $243,000 -12.9% -12.6%

BUNDABERG NORTH ~ 10 $198,500 -19.8% $214,000 20.9% -12.7%

BUNDABERG SOUTH ~ 14 $217,500 -17.9% $225,000 -1.1% -5.5%

BURNETT HEADS 6 N/A N/A $295,000 10.5% 7.3%

KALKIE 7 N/A N/A $307,500 -18.0% -9.0%

KEPNOCK ~ 12 $255,000 -10.8% $269,000 0.4% -0.4%

MILLBANK 6 N/A N/A $250,000 -3.8% 3.5%

NORVILLE 7 N/A N/A $225,000 -9.5% -8.2%

SVENSSON HEIGHTS 14 $250,000 0.0% $251,250 -3.4% -4.1%

THABEBAN 6 N/A N/A $263,000 -7.7% -0.8%

WALKERVALE 12 $230,000 -6.3% $225,000 -8.2% -3.8%

SURROUNDS

NORTH BURNETT (LGA) 12 N/A N/A $154,000 -2.2% -6.7%

GAYNDAH 3 N/A N/A $180,000 N/A 0.0%

BUNDABERG (LGA) ~ 35 $265,000 12.8% $260,000 10.6% -1.4%

BARGARA ~ f 10 $377,500 N/A $370,000 39.6% 5.7%

BUNDABERG (LGA) 29 $137,500 -4.5% $144,000 0.0% 6.7%

BUNDABERG (LGA) ^ 6 N/A N/A $144,000 2.9% 4.2%

BARGARA 1 N/A N/A $167,000 3.6% -1.8%

INNES PARK 4 N/A N/A $125,000 4.6% N/A

KALKIE * 4 N/A N/A $163,000 N/A 30.5%

MOORE PARK BEACH 2 N/A N/A $144,000 0.0% N/A

BUNDABERG REGIONAL $285 363 $280 365

4660 ABINGTON $260 26 $270 25

4670 ABBOTSFORD $285 317 $290 323

4671 BOOLBOONDA $255 19 $255 16

NORTH BURNETT REGIONAL $220 47 $220 62

4625 ARANBANGA $250 20 $235 21

4626 BEERON $200 8 $220 8

4630 BANCROFT $180 12 $220 28


4670 ABBOTSFORD $225 182 $224 161


4670 ABBOTSFORD $285 16 $300 14

...the Bundaberg residential property market is poised for recovery.

27



GLADSTONE

HOUSES

161

784

1900

274 130

788

1922

332

<$350,000 $350,000+ $500,000+ $1m+



1272 1256

480

21

1078 1234

571

22

<$350,000 $350,000+ $500,000+ $1m+




66

575 516

101 58

541 629

117

<$350,000 $350,000+ $500,000+ $1m+


SEP 14 DEC 14


76

443 373

43 88

459 426

46

<$350,000 $350,000+ $500,000+ $1m+


SEP 14 DEC 14


182

39 7

159

33 9

<$350,000 $350,000+ $500,000+



208

265

95

161

214

103

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


194

46 6

202

60

6

<$350,000 $350,000+ $500,000+



48 59

14

51 47

10

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


255

183

49

222

165

65

<$350,000 $350,000+ $500,000+



64

94

30

64 73

23

<$350,000 $350,000+ $500,000+



163

69

26

142

60

19

<$350,000 $350,000+ $500,000+



296

208

56

271

200

87

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


UNITS

62

384

875

508

54 47

310

770

427

47

<$250,000 $250,000+ $350,000+ $500,000+ $1m+


SEP 14 DEC 14


260 282

132

51 5

225 239

100 46

3

<$250,000 $250,000+ $350,000+ $500,000+ $1m+




296

560 457

276

59

243

509 426

280

65

<$250,000 $250,000+ $350,000+ $500,000+ $1m+



108

203 194

112

21

83

215 177

101

35

<$250,000 $250,000+ $350,000+ $500,000+ $1m+



19

10

4

0

16

10 7

2

<$250,000 $250,000+ $350,000+ $500,000+



222

81

33 19

205

67 32 23

<$250,000 $250,000+ $350,000+ $500,000+



21

12

6

0

19 16

6

1

<$250,000 $250,000+ $350,000+ $500,000+



3 4

6

3

11

5 4

0

<$250,000 $250,000+ $350,000+ $500,000+



55

40

14 11

39

24 17 20

<$250,000 $250,000+ $350,000+ $500,000+



18

33

10 10 6 5 7 5

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


13 13

18

7 9

12

3

7

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


38

62

14 5

28

40

10 4

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


LAND

29

57 49

24 19

31 36

14

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


341

59 22 9

344

59 19 4

<$250,000 $250,000+ $350,000+ $500,000+




102

28 10 10

91

36

9 9

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


46

21 15

8

49

26 19

13

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


49

2 0

29

0 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


81

16 4

69

11 3

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


62

3 0

44

2 1

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


14

1 1

20

2 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


28

1 3

18

6 2

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


77

5 0

35

4 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


60

3 4

27

2 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


106

6 4

83

6 2

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


Similar to other major regional centres, the Gladstone residential market saw an easing in sales volume over the December quarter in both house and unit sales.

According to local agents, the worst stage of the cycle is now over for Gladstone with all market indicators pointing to stabilising conditions. Property price corrections seen in recent times are said to have presented local and interstate buyers with great buying opportunities.

Despite the easing property market conditions, the overall outlook for the region remains very positive, amid talks of plans to extend the existing LNG facilities in 2017. The Wicet project at Wiggins Island is also said to provide a significant boost for the region in the years ahead, which will not only service the coal export industry but also help diversify the Gladstone port capabilities.

Local agents however do feel that the recovery phase will likely take a number of years. Construction on Curtis Island is now reportedly winding down, however with a predominant FIFO employee base and camp base for employees on site, this will likely have little if any impact on the Gladstone residential market.

HOUSE MARKET

The vast majority of the Gladstone property market is now said to be undervalued, given the current state of the market and this is bringing Gladstone back on the radar of investors as well as local home buyers.

First home buyers in particular are said to be jumping on the affordable home prices, while other owner-occupiers are looking to the prestige market for good value.

The prestige auction market is said to be picking up momentum – with reports of up to 20 groups going through open homes for upcoming auctions.

Given the revival in investor and first home buyer activity, local agents say properties priced under $400,000 are moving quickest. REIQ sales analysis confirms this with an increase in house sales numbers in the sub-$350,000 price point, with a slight increase in volumes over the quarter, while the other price points recorded a drop in activity.

The drop in the median sale prices is said to be impacted by mortgagee in possession sales still occurring. However, even in those instances some banks are holding off from selling in anticipation of improving market conditions.

UNIT MARKET

With the oversupply of new developments still being absorbed, the unit market continues to see a correction in prices. As such the median unit sale price over the December quarter saw a strong drop of 36.9 per cent. This was also largely influenced by drop in higher end townhouse sales.

Sales, volumes, however had picked up over the quarter, with investors reportedly returning to the Gladstone market seeing value at current sale prices and improving rental conditions.

RENTAL MARKET

Vacancy rates are beginning to tighten and days on market for rental listings are coming down. This in turn is underpinning improved confidence in the sales market, as investors once again see value in the Gladstone market.

Gladstone’s rental market likewise continues to see softening rents, however vacancy levels have shown some signs of improvement. At the end of December the vacancy rate was down 0.5 percentage points to 4.2 per cent. Not only the second consecutive drop but now also the lowest vacancy rate the region has seen in two years.

And while some new stock continues to trickle onto the market, local agents say this side of things is improving.



ROCKHAMPTON




HOUSES

161

784

1900

274 130

788

1922

332

<$350,000 $350,000+ $500,000+ $1m+



1272 1256

480

21

1078 1234

571

22

<$350,000 $350,000+ $500,000+ $1m+




66

575 516

101 58

541 629

117

<$350,000 $350,000+ $500,000+ $1m+


SEP 14 DEC 14


76

443 373

43 88

459 426

46

<$350,000 $350,000+ $500,000+ $1m+


SEP 14 DEC 14


182

39 7

159

33 9

<$350,000 $350,000+ $500,000+



208

265

95

161

214

103

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


194

46 6

202

60

6

<$350,000 $350,000+ $500,000+



48 59

14

51 47

10

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


255

183

49

222

165

65

<$350,000 $350,000+ $500,000+



64

94

30

64 73

23

<$350,000 $350,000+ $500,000+



163

69

26

142

60

19

<$350,000 $350,000+ $500,000+



296

208

56

271

200

87

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14




MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE





MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

According to local agents, the residential market in Rockhampton is still at the bottom of the cycle with the lack of employment opportunities playing a key factor in the overall economy.

Given the current climate many are choosing to hold on and wait for the market to improve. This is said to be true for both owner-occupiers and investors. This trend is evident in both the drop off in listing numbers and sales activity over the year.

And while the recent cyclone and subsequent flooding had a devastating impact on the region and on local property, the Rockhampton community have rallied together and repairs are well under way.

While this will cause the sales market to pause and ultimately delay the eventual recovery, the job front has never been better for local tradesmen. This will ultimately have a flow on effect to the local economy, which will also help to boost overall confidence within the property sector.

HOUSE MARKET

Over the December quarter 2014, the Rockhampton council area saw sales volumes ease slightly, down four per cent on the September quarter, while the median house price also eased, down 3.6 per cent.

Sales volumes over 2014 were down nearly 30 per cent compared to 2013, however this is reportedly due more to the fact that the vast majority of vendors are holding off from placing their properties on the market.

Also indicative of this holding pattern is the stability in the region’s median house price. Over the year, it was down just 1.6 per cent and up 3.4 per cent compared to five years ago when the market was much stronger.

All on the market indicators point to continued downturn in the market, with vendor discounting increasing slightly by 1.2 percentage points over the year. Average days on market also have stretched out, typical of slow market conditions.

UNIT MARKET

With no more new unit developments coming onto the market, unit sales volumes over the December quarter in Rockhampton dropped back to usual low levels.

Similar to the house market, total volumes over the year have fallen 30 per cent, while listing numbers over the year have dropped by nearly 60 per cent.

GLADSTONE (LGA) 120 $356,250 -4.7% $380,000 -11.5% 5.6%

GLADSTONE (LGA) ^ ~ 28 $500,000 7.5% $475,000 -11.2% 9.2%

AGNES WATER ^ 6 N/A N/A $353,500 -10.7% N/A

BOYNE ISLAND 7 N/A N/A $427,000 -10.1% 9.5%

CALLIOPE 8 N/A N/A $394,000 -9.2% 6.8%

CLINTON 17 $342,000 0.6% $357,250 -12.9% -0.8%

GLEN EDEN 2 N/A N/A $415,000 -8.8% -7.2%

KIN KORA 6 N/A N/A $350,000 -11.4% -2.2%

KIRKWOOD 4 N/A N/A $446,000 -14.3% N/A

NEW AUCKLAND 16 $365,000 3.1% $380,000 -11.5% -1.3%

SOUTH GLADSTONE 7 N/A N/A $337,500 -17.7% 1.4%

TANNUM SANDS ~ 11 $445,000 -7.9% $481,500 2.9% 4.3%

TELINA 15 $352,500 N/A $380,000 -7.4% 3.1%

WEST GLADSTONE ~ 11 $297,500 -17.9% $350,000 -10.3% 9.4%

SURROUNDS

BANANA (LGA) ~ 21 $238,000 -12.3% $260,500 -3.5% 0.2%

BILOELA 14 $325,000 2.1% $307,500 8.8% 7.9%

GLADSTONE (LGA) ~ t 21 $233,300 -36.9% $330,000 -8.3% 8.2%

AGNES WATER ~ 5 N/A N/A $310,000 -9.5% -22.5%

GLADSTONE CENTRAL 3 N/A N/A $399,500 4.3% N/A

GLADSTONE (LGA) * 22 $200,500 -6.3% $208,000 -1.0% 15.6%

KIRKWOOD * 6 N/A N/A $220,000 -11.8% 22.9%

GLADSTONE REGIONAL $300 286 $395 301

4677 AGNES WATER $300 12 $330 17

4680 GLADSTONE $300 269 $400 274

BANANA SHIRE $300 54 $315 62

4715 BILOELA $320 33 $360 29

4718 BAUHINIA $250 16 $250 28


4677 AGNES WATER $350 7 $295 8

4680 GLADSTONE $250 192 $330 178

BANANA SHIRE N/A 14 $260 25

4715 BILOELA $250 10 $250 23


4680 GLADSTONE $360 103 $480 106

29



UNITS

62

384

875

508

54 47

310

770

427

47

<$250,000 $250,000+ $350,000+ $500,000+ $1m+


SEP 14 DEC 14


260 282

132

51 5

225 239

100 46

3

<$250,000 $250,000+ $350,000+ $500,000+ $1m+




296

560 457

276

59

243

509 426

280

65

<$250,000 $250,000+ $350,000+ $500,000+ $1m+



108

203 194

112

21

83

215 177

101

35

<$250,000 $250,000+ $350,000+ $500,000+ $1m+



19

10

4

0

16

10 7

2

<$250,000 $250,000+ $350,000+ $500,000+



222

81

33 19

205

67 32 23

<$250,000 $250,000+ $350,000+ $500,000+



21

12

6

0

19 16

6

1

<$250,000 $250,000+ $350,000+ $500,000+



3 4

6

3

11

5 4

0

<$250,000 $250,000+ $350,000+ $500,000+



55

40

14 11

39

24 17 20

<$250,000 $250,000+ $350,000+ $500,000+



18

33

10 10 6 5 7 5

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


13 13

18

7 9

12

3

7

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


38

62

14 5

28

40

10 4

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


LAND

29

57 49

24 19

31 36

14

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


341

59 22 9

344

59 19 4

<$250,000 $250,000+ $350,000+ $500,000+




102

28 10 10

91

36

9 9

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


46

21 15

8

49

26 19

13

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


49

2 0

29

0 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


81

16 4

69

11 3

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


62

3 0

44

2 1

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


14

1 1

20

2 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


28

1 3

18

6 2

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


77

5 0

35

4 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


60

3 4

27

2 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


106

6 4

83

6 2

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14




MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE



ROCKHAMPTON CONTINUED

According to local agents, unit owners are also playing the wait and see game, looking for the Rockhampton market to show signs of improvement.

Over the quarter the change in the type of stock being sold saw the median drop 15.7 per cent.

RENTAL MARKET

Rockhampton agents continue to report an oversupply of rental stock, as well as the end of year being a quiet time for tenant enquiry levels. After recording improving conditions for three consecutive surveys, vacancy rates bounced back up to 5.2 per cent at the end of December, with rentals spending more than four weeks on the market.

Fortunately, agents say investor activity has continued to drop off, which bodes well for the regions vacancy levels.

The rental pool is said to remain unchanged, with investors instead choosing to relax the asking rent in order to maintain their tenancies.

Compared to the December quarter 2013, median weekly rents in Rockhampton have come down with three bedroom houses down $35 to $295 per week and two bedroom flats down $25 to $230 per week.



ROCKHAMPTON (LGA) 163 $294,000 -3.6% $300,000 -1.6% 3.4%

ROCKHAMPTON (LGA) ^ 11 N/A N/A $380,500 1.5% 1.2%

ALLENSTOWN 8 N/A N/A $265,000 -0.6% 6.0%

BERSERKER 15 $232,000 3.1% $235,000 -6.0% -1.7%

FRENCHVILLE ~ 22 $312,000 -9.7% $330,000 -4.3% 1.5%

GRACEMERE 11 $330,000 6.5% $324,750 -3.6% 3.1%

KAWANA 5 N/A N/A $312,500 -1.4% 6.3%

KOONGAL ~ 11 $210,000 -24.0% $272,000 2.6% 2.8%

MOUNT MORGAN 15 $60,000 N/A $83,250 -39.2% -41.6%

NORMAN GARDENS ~ 21 $460,000 10.8% $395,000 2.3% 6.5%

PARK AVENUE 14 $243,500 -5.6% $265,000 -3.8% 6.0%

THE RANGE ~ 16 $345,000 -13.8% $351,000 -2.5% 6.4%

WANDAL ~ 13 $340,000 13.3% $287,000 0.7% 0.2%

WEST ROCKHAMPTON 6 N/A N/A $246,000 -3.7% -1.2%

SURROUNDS

LIVINGSTONE (LGA) ~ 63 $362,500 13.5% $372,750 -4.4% 1.0%

LIVINGSTONE (LGA) ^ 19 $530,000 1.9% $512,500 4.4% 13.6%

LAMMERMOOR 7 N/A N/A $472,500 7.9% 5.0%

YEPPOON 18 $347,500 -3.5% $340,000 -16.0% -2.9%

ZILZIE 9 N/A N/A $405,000 8.0% 9.5%

CENTRAL HIGHLANDS (LGA) ~ 29 $227,500 -25.4% $310,000 -22.5% -6.9%

EMERALD ~ 14 $295,000 -20.1% $345,000 -16.9% -7.0%

ROCKHAMPTON (LGA) ~ 16 $350,000 -15.7% $359,375 5.7% 35.6%

ROCKHAMPTON CITY ~ f 10 $550,000 22.2% $446,369 N/A -12.5%

SURROUNDS

LIVINGSTONE (LGA) 16 $299,000 -1.8% $320,000 -8.0% 8.5%

YEPPOON ~ 9 N/A N/A $271,500 -21.9% -8.0%

ROCKHAMPTON (LGA) ~ * 20 $120,500 -34.5% $170,000 6.9% 31.8%

GRACEMERE * 5 N/A N/A $145,250 -1.8% 32.0%

NORMAN GARDENS 5 N/A N/A $183,900 2.2% 8.8%

SURROUNDS

CENTRAL HIGHLANDS (LGA) 3 N/A N/A N/A N/A N/A

EMERALD 2 N/A N/A $154,900 -0.1% 22.5%

LIVINGSTONE (LGA) 19 $175,000 0.0% $172,000 1.8% 7.5%

LIVINGSTONE (LGA) ^ 4 N/A N/A $239,000 3.9% 11.2%

PARKHURST 2 N/A N/A $172,000 2.4% N/A

TAROOMBALL * 3 N/A N/A $185,000 N/A 21.3%

YEPPOON 2 N/A N/A $176,950 -1.7% 8.9%

ZILZIE * 5 N/A N/A $169,000 -1.7% 5.6%

ROCKHAMPTON REGIONAL (NEW) $295 246 $330 434

4700 ALLENSTOWN $300 63 $310 87

4701 BERSERKER $300 164 $335 177

4714 BAREE $190 19 $215 14

LIVINGSTONE SHIRE (NEW) $300 146 N/A. N/A

4702 ALBERTA $300 65 $310 74

4703 ADELAIDE PARK $330 55 $360 54

4710 EMU PARK $280 25 $345 28

CENTRAL HIGHLANDS REGIONAL $250 140 $300 167

4717 BLACKWATER $220 55 $300 91

4720 EMERALD $250 72 $310 62

4722 SPRINGSURE $250 6 N.A. 3

4723 CAPELLA $225 7 $300 11

...many vendors are choosing to hold on and wait for the market to improve.



MACKAY



HOUSES

161

784

1900

274 130

788

1922

332

<$350,000 $350,000+ $500,000+ $1m+



1272 1256

480

21

1078 1234

571

22

<$350,000 $350,000+ $500,000+ $1m+




66

575 516

101 58

541 629

117

<$350,000 $350,000+ $500,000+ $1m+


SEP 14 DEC 14


76

443 373

43 88

459 426

46

<$350,000 $350,000+ $500,000+ $1m+


SEP 14 DEC 14


182

39 7

159

33 9

<$350,000 $350,000+ $500,000+



208

265

95

161

214

103

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


194

46 6

202

60

6

<$350,000 $350,000+ $500,000+



48 59

14

51 47

10

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


255

183

49

222

165

65

<$350,000 $350,000+ $500,000+



64

94

30

64 73

23

<$350,000 $350,000+ $500,000+



163

69

26

142

60

19

<$350,000 $350,000+ $500,000+



296

208

56

271

200

87

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


For the last three months of 2014, the Mackay residential property market saw sales volumes continue to trend downwards, with house sales down 13 per cent and unit sales a third of those recorded the previous quarter.

All other market indicators point to continued weakening conditions however according to local agents, Mackay has turned a corner since the start of the year on the back of improved local confidence, namely within the employment sector.

Both sales and rental markets are said to be stabilizing, with multiple applications being received for rental listings and multiple offers on sales.

The oversupply in the market is beginning to be absorbed since the start of the year, with agents reporting the demand and supply imbalance is getting back on to a more level playing field.

Local confidence had been hit hard over the 2014 year with significant job losses surrounding mine closures and the completion of the construction phase. However redundancies have now come to an end and Mackay is now seeing stability in the local workforce, with mining jobs back to normal work hours.

HOUSE MARKET

The 2014 calender year was a tough year for the Mackay house market, with sales volumes down 26 per cent.

There have however been signs that the house market is turning the corner with local agents saying buyer activity has improved since Christmas.

First home buyers in particular are said to be re-entering the market, predominantly finding value for money in houses in the $350,000 to $400,000 price range.

And like any residential market, where there are first home buyers active, upgraders who are selling their homes are also on the home hunt as well.

Despite the tough conditions in Mackay, average days on market have remained below 100 days while average vendor discounting has not reached 10 per cent. The percentage of vendors to make a profit on their original purchase price however has dropped to 75 per cent.

Despite this result, median house prices have held

relatively well, down just 5.2 per cent over the year and up 3.9 per cent compared to five years ago.

According to local agents, investors that bought at the peak of the boom in nearby Moranbah are really hurting in the back pocket. Many are either forced to sell at a significant loss or simply ride out the bottom of the cycle in the hopes that the local mining sector will recover.

UNIT MARKET

Mackay’s unit and townhouse market has come down significantly with preliminary sales volumes over the December quarter almost a third of those recorded during the September quarter.

In some good news for this segment of the market, building approvals appear to be coming to a halt, which will enable buyer demand to eventually soak up the current supply levels.

Median sale prices for the Mackay council area remained relatively steady over the year, however the suburb of Mackay saw its median drop nearly 25 per cent on the back of the wrapping up of new unit sales. Compared to five years ago, however, the median unit price for the suburb was up 6.7 per cent.

RENTAL MARKET

Mackay’s rental market continues to struggle, with vacancies hitting an all-time high of 10.3 per cent at the end of December, up from 8.4 per cent at the end of September. Local agents report continued over supply and this is being compounded further by the final rounds of new stock coming onto the market.

Tenants in Mackay are said to have the upper hand with a large choice of rentals, while changes to employment in the resources sector is said to have contributed to a drop off in overall population.

Over the first few months of 2015, however, local agents say vacancies are beginning to come back down and the correction in asking rents has seen people who had no choice but to go on waiting lists for public housing return back to the private rental market.




4700 ALLENSTOWN $220 45 $240 53

4701 BERSERKER $230 122 $250 110

LIVINGSTONE SHIRE (NEW) $270 69 N/A N/A

4702 ALBERTA $180 5 N.A. 2

4703 ADELAIDE PARK $280 59 $300 59

4710 EMU PARK $265 5 N.A. 0


4717 BLACKWATER $175 6 $200 18

4720 EMERALD $195 50 $265 64


4701 BERSERKER $320 7 $380 6

LIVINGSTONE SHIRE (NEW) N/A 11 N/A N/A

4702 ALBERTA $380 9 $440 8


4720 EMERALD $260 18 $340 19

31





MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE




UNITS

62

384

875

508

54 47

310

770

427

47

<$250,000 $250,000+ $350,000+ $500,000+ $1m+


SEP 14 DEC 14


260 282

132

51 5

225 239

100 46

3

<$250,000 $250,000+ $350,000+ $500,000+ $1m+




296

560 457

276

59

243

509 426

280

65

<$250,000 $250,000+ $350,000+ $500,000+ $1m+



108

203 194

112

21

83

215 177

101

35

<$250,000 $250,000+ $350,000+ $500,000+ $1m+



19

10

4

0

16

10 7

2

<$250,000 $250,000+ $350,000+ $500,000+



222

81

33 19

205

67 32 23

<$250,000 $250,000+ $350,000+ $500,000+



21

12

6

0

19 16

6

1

<$250,000 $250,000+ $350,000+ $500,000+



3 4

6

3

11

5 4

0

<$250,000 $250,000+ $350,000+ $500,000+



55

40

14 11

39

24 17 20

<$250,000 $250,000+ $350,000+ $500,000+



18

33

10 10 6 5 7 5

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


13 13

18

7 9

12

3

7

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


38

62

14 5

28

40

10 4

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


LAND

29

57 49

24 19

31 36

14

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


341

59 22 9

344

59 19 4

<$250,000 $250,000+ $350,000+ $500,000+




102

28 10 10

91

36

9 9

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


46

21 15

8

49

26 19

13

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


49

2 0

29

0 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


81

16 4

69

11 3

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


62

3 0

44

2 1

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


14

1 1

20

2 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


28

1 3

18

6 2

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


77

5 0

35

4 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


60

3 4

27

2 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


106

6 4

83

6 2

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14




RENTAL MARKET - 3 BED TOWNHOUSESPOST DEC-13


SALES MARKET - VACANT LANDMACKAY (LGA) * 26 $203,500 -1.2% $207,000 -1.0% 18.3%

ANDERGROVE 3 N/A N/A $179,000 -3.2% N/A

RURAL VIEW 2 N/A N/A $215,000 -2.3% 16.2%

SURROUNDS

WHITSUNDAY (LGA) 9 N/A N/A $160,000 3.9% 0.8%

CANNONVALE 2 N/A N/A $163,000 5.8% 0.9%

MACKAY REGIONAL $320 377 $390 447

4737 ARMSTRONG BEACH $295 21 $350 34

4740 ALEXANDRA $330 307 $395 355

4741 BALL BAY $275 10 $330 8

4750 BUCASIA $320 14 $400 22

4751 GREENMOUNT $330 12 $360 11

4753 DEVEREUX CREEK $280 6 $350 7

ISAAC REGIONAL $250 133 $340 161

4721 CLERMONT $250 17 $350 14

4744 MORANBAH $260 81 $350 92

4745 DYSART $160 21 $230 45

4746 GERMAN CREEK $300 12 $400 8

WHITSUNDEY REGIONAL $320 145 $350 139

4800 ANDROMACHE $330 35 $320 33

4802 AIRLIE BEACH $370 58 $420 49

4804 COLLINSVILLE $190 15 $200 7

4805 BINBEE $260 37 $295 50


4737 ARMSTRONG BEACH $230 13 $270 11

4740 ALEXANDRA $250 275 $300 243

4750 BUCASIA $220 5 $280 8

4751 GREENMOUNT $270 11 N.A. 4


4744 MORANBAH $300 12 $300 7

4745 DYSART $150 5 N.A. 2

4746 GERMAN CREEK $225 5 N.A. 2


4800 ANDROMACHE $220 15 $230 15

4802 AIRLIE BEACH $290 111 $320 109

4805 BINBEE $240 29 $260 38


4740 ALEXANDRA $350 48 $390 42


4744 MORANBAH $400 17 $500 12


4802 AIRLIE BEACH $360 21 $375 26

MACKAY (LGA) ~ 173 $370,000 -5.4% $400,000 -5.2% 3.9%

MACKAY (LGA) ^ ~ 25 $427,500 -10.0% $461,500 -10.0% -1.2%

ANDERGROVE 13 $365,000 -2.0% $377,450 -9.3% -2.6%

BEACONSFIELD 6 N/A N/A $385,000 -10.5% -2.5%

BLACKS BEACH 7 N/A N/A $447,500 0.1% -2.5%

BUCASIA 8 N/A N/A $395,000 -8.5% -2.5%

EAST MACKAY 4 N/A N/A $385,000 -8.3% 6.3%

EIMEO 7 N/A N/A $435,000 -7.7% -3.8%

GLENELLA 8 N/A N/A $460,000 -12.0% -8.0%

MARIAN 5 N/A N/A $465,000 1.1% 21.7%

MOUNT PLEASANT 15 $365,000 N/A $410,000 -6.8% -2.4%

NORTH MACKAY 12 $330,000 1.5% $318,000 -14.1% -3.6%

OORALEA 8 N/A N/A $467,500 -3.6% 10.0%

RURAL VIEW 6 N/A N/A $475,000 -4.0% 8.0%

SARINA 6 N/A N/A $307,500 -11.5% -3.1%

SLADE POINT 8 N/A N/A $322,500 -12.8% -8.9%

SOUTH MACKAY ~ 12 $298,000 -10.4% $360,000 -3.0% 3.0%

WALKERSTON 11 $420,000 N/A $447,500 -2.3% 8.1%

WEST MACKAY 12 $340,000 -5.6% $360,000 -5.9% 2.9%

SURROUNDS

ISAAC (LGA) ~ 19 $150,000 -25.0% $210,000 -40.0% -47.5%

MORANBAH 9 N/A N/A $227,500 -40.1% -47.1%

WHITSUNDAY (LGA) 50 $382,500 3.4% $380,000 0.0% -3.8%

WHITSUNDAY (LGA) ^ ~ 16 $510,000 26.7% $490,000 5.5% 5.4%

BOWEN 13 $366,500 5.5% $357,000 3.5% 2.0%

CANNONVALE 17 $435,000 -3.3% $449,000 0.9% -1.4%

JUBILEE POCKET 5 N/A N/A $398,250 N/A -6.5%

PROSERPINE 7 N/A N/A $285,000 -14.3% -17.7%

MACKAY (LGA) ~ * f 23 $365,000 21.3% $310,000 -0.3% 3.8%

MACKAY ~ * f 2 N/A N/A $298,894 -24.7% 6.7%

SURROUNDS

WHITSUNDAY (LGA) ~ * f 27 $260,000 4.0% $260,000 -10.3% -21.2%

AIRLIE BEACH 4 N/A N/A $382,000 2.4% -11.2%

CANNONVALE 12 $247,750 5.0% $257,250 2.3% -15.7%



TOWNSVILLE

HOUSES

161

784

1900

274 130

788

1922

332

<$350,000 $350,000+ $500,000+ $1m+



1272 1256

480

21

1078 1234

571

22

<$350,000 $350,000+ $500,000+ $1m+




66

575 516

101 58

541 629

117

<$350,000 $350,000+ $500,000+ $1m+


SEP 14 DEC 14


76

443 373

43 88

459 426

46

<$350,000 $350,000+ $500,000+ $1m+


SEP 14 DEC 14


182

39 7

159

33 9

<$350,000 $350,000+ $500,000+



208

265

95

161

214

103

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


194

46 6

202

60

6

<$350,000 $350,000+ $500,000+



48 59

14

51 47

10

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


255

183

49

222

165

65

<$350,000 $350,000+ $500,000+



64

94

30

64 73

23

<$350,000 $350,000+ $500,000+



163

69

26

142

60

19

<$350,000 $350,000+ $500,000+



296

208

56

271

200

87

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14

(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. UNITS

62

384

875

508

54 47

310

770

427

47

<$250,000 $250,000+ $350,000+ $500,000+ $1m+


SEP 14 DEC 14


260 282

132

51 5

225 239

100 46

3

<$250,000 $250,000+ $350,000+ $500,000+ $1m+




296

560 457

276

59

243

509 426

280

65

<$250,000 $250,000+ $350,000+ $500,000+ $1m+



108

203 194

112

21

83

215 177

101

35

<$250,000 $250,000+ $350,000+ $500,000+ $1m+



19

10

4

0

16

10 7

2

<$250,000 $250,000+ $350,000+ $500,000+



222

81

33 19

205

67 32 23

<$250,000 $250,000+ $350,000+ $500,000+



21

12

6

0

19 16

6

1

<$250,000 $250,000+ $350,000+ $500,000+



3 4

6

3

11

5 4

0

<$250,000 $250,000+ $350,000+ $500,000+



55

40

14 11

39

24 17 20

<$250,000 $250,000+ $350,000+ $500,000+



18

33

10 10 6 5 7 5

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


13 13

18

7 9

12

3

7

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


38

62

14 5

28

40

10 4

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


LAND

29

57 49

24 19

31 36

14

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


341

59 22 9

344

59 19 4

<$250,000 $250,000+ $350,000+ $500,000+




102

28 10 10

91

36

9 9

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


46

21 15

8

49

26 19

13

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


49

2 0

29

0 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


81

16 4

69

11 3

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


62

3 0

44

2 1

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


14

1 1

20

2 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


28

1 3

18

6 2

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


77

5 0

35

4 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


60

3 4

27

2 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


106

6 4

83

6 2

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


Townsville remained a buyers’ market in the December quarter, with subdued sales activity reflecting the city’s challenging economic conditions. Following a period of uncertainty in the lead-up to the State Election, hopes are building that an economic recovery will take root on the back of new infrastructure including a new stadium and a proposed $450 million regional jobs package.

In the three months to December, Townsville’s residential property market saw falling transactions despite a strong September quarter. House, unit and vacant land sales all recorded a drop during the December quarter but local agents say this is typical for the time of year.

However, there were come encouraging trends in terms of median house sale prices in the December quarter. Median unit sales prices also bounced back strongly amid indications the local market could be turning the corner.

HOUSE MARKET

While the Townsville house market appeared to have turned a corner in the September quarter, there was a decrease in sales activity in the three months to December. During this period the volume of house sales was down six per cent and, however this was not reflected in the median sale price.

In the three months to December, the median sale price rose by 3.7 per cent on the back of increased transactions in the $500,000-plus price bracket. This helped to offset a decline in sales numbers in the sub-$500,000 house market. According to local agents most buyers still sit under the $500,000 mark, which is confirmed by the REIQ’s price point data.

Average days on market remained relatively steady at 90 days compared to three months ago, with average vendor discounting recording a slight rise to 7.7 per cent.

UNIT MARKET

Unit and townhouse sales in Townsville declined in the three months to December, however local agents remain confident about the longer term prospects of this sector of the real estate market.

The previous quarter saw stronger activity and quicker selling times, but there was a reversal of this trend in the three months to December. During this period, unit sales were down 13 per cent – however they increased by five per cent compared to 12 months earlier. And in another encouraging sign, the median unit price rose by an impressive 15.2 per cent in the December quarter.

This is confirmed by REIQ price point data, which shows a healthy spike in $350,000-plus unit sales and declining transactions at the lower end of the market.

RENTAL MARKET

Townsville’s rental market remained relatively stable as at the end of December, with the vacancy rate improving slightly to 4.7 per cent. Local agents report a continued over supply, with unemployment levels being the main contributing factor to tenant demand.

However, ABS figures indicate that Townsville’s economy may be turning a corner. After peaking at 10.5 per cent in June last year, Townsville’s unemployment rate has slowly come back down and over December 2014 sat at seven per cent.

Average time on market for Townsville vacancies are said to be around two to four weeks, with an average of approximately two applicants per listing.

According to the RTA, median weekly rents in Townsville saw some increases to the end of December, with two bedroom flats recording the highest increase, up $15 to $280 per week.

33





MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE







TOWNSVILLE CITY $320 707 $340 708

4810 BELGIAN GARDENS $350 65 $350 62

4811 IDALIA $320 25 $320 33

4812 CURRAJONG $330 71 $330 60

4814 AITKENVALE $330 208 $340 205

4815 CONDON $300 89 $315 135

4816 ALLIGATOR CREEK $300 15 $335 8

4817 KIRWAN $330 120 $360 103

4818 DEERAGUN $320 104 $340 88

4819 MAGNETIC IS $280 10 $320 14

BURDEKIN SHIRE $270 58 $260 60

4806 ARKENDEITH $260 12 $255 14

4807 AIRVILLE $275 36 $260 35

4808 BRANDON $270 8 $230 6

CHARTERS TOWERS REGIONAL $250 51 $280 41

4820 RICHMOND HILL $250 51 $280 41

HINCHINBROOK SHIRE $240 33 $250 20

4850 ABERGOWRIE $240 33 $250 20


4810 BELGIAN GARDENS $290 341 $300 311

4811 IDALIA $310 75 $320 26

4812 CURRAJONG $250 133 $260 174

4814 AITKENVALE $280 101 $270 70

4815 CONDON $282 25 $260 13

4817 KIRWAN $260 39 $265 34

4818 DEERAGUN $239 9 N.A. 4

4819 MAGNETIC IS $220 12 $320 16

BURDEKIN SHIRE $210 42 $210 55

4806 ARKENDEITH $185 6 $200 8

4807 AIRVILLE $220 33 $210 46

CHARTERS TOWERS REGIONAL N/A 11 $165 15

4820 RICHMOND HILL $220 11 $165 15

HINCHINBROOK SHIRE N/A 13 $190 15

4850 ABERGOWRIE $180 13 $190 15

TOWNSVILLE (LGA) 479 $352,500 3.7% $355,928 -1.1% -2.5%

TOWNSVILLE (LGA) ^ 47 $430,000 -3.4% $436,250 3.5% 3.9%

AITKENVALE 5 N/A N/A $305,000 -4.7% -8.2%

ALICE RIVER ^ 2 N/A N/A $470,000 0.4% 2.2%

ANNANDALE 42 $423,000 0.7% $425,000 -0.3% -3.7%

BOHLE PLAINS 13 $423,500 N/A $430,000 0.0% -2.3%

BURDELL 12 $423,750 3.0% $445,000 4.7% 23.2%

BUSHLAND BEACH 18 $422,500 0.7% $420,000 1.2% 2.4%

CONDON 10 $297,500 7.2% $291,000 -1.4% -11.3%

CRANBROOK 27 $290,000 0.0% $290,000 -4.1% -9.4%

CURRAJONG 9 N/A N/A $300,000 4.0% -7.0%

DEERAGUN 5 N/A N/A $311,250 -4.2% -7.1%

DOUGLAS 29 $395,000 -1.3% $396,500 0.4% -2.5%

GARBUTT 4 N/A N/A $280,750 -6.4% N/A

GULLIVER 9 N/A N/A $302,000 2.4% 0.7%

HEATLEY 7 N/A N/A $277,250 -3.6% -9.1%

HERMIT PARK 14 $354,750 N/A $360,000 -5.0% 1.4%

IDALIA 21 $525,000 3.4% $510,000 12.1% 5.4%

KELSO ~ 19 $335,574 22.0% $300,000 2.5% -5.7%

KELSO ^ 5 N/A N/A $480,000 -1.1% 9.1%

KIRWAN 57 $345,000 3.4% $346,000 -1.1% -7.7%

MOUNT LOUISA 23 $365,000 -2.7% $375,000 -9.4% -3.8%

MUNDINGBURRA 8 N/A N/A $380,000 2.7% 2.7%

NORTH WARD 13 $605,000 N/A $515,000 -18.3% -5.9%

OONOONBA 5 N/A N/A $300,000 N/A N/A

RAILWAY ESTATE 11 $345,000 6.2% $327,500 -1.7% -4.2%

RANGEWOOD ^ 12 $476,000 N/A N/A N/A N/A

RASMUSSEN 19 $269,000 0.7% $277,000 -10.2% -8.1%

SHAW 3 N/A N/A $430,875 3.8% N/A

SOUTH TOWNSVILLE 8 N/A N/A $350,000 5.3% -7.9%

THURINGOWA CENTRAL 4 N/A N/A $314,000 -0.3% -7.6%

VINCENT 9 N/A N/A $267,750 -0.3% -9.2%

WEST END 10 $380,000 6.0% $365,000 -6.9% -1.4%

WULGURU 9 N/A N/A $295,000 -7.8% -8.2%

SURROUNDS

BURDEKIN (LGA) ~ 23 $185,000 -14.9% $206,000 3.0% -9.8%

AYR 8 N/A N/A $245,000 -1.0% 4.3%

HOME HILL 4 N/A N/A $170,000 6.9% -24.4%

CHARTERS TOWERS (LGA) 16 $192,500 N/A $198,000 4.8% -12.0%

CHARTERS TOWERS CITY 7 N/A N/A $167,000 -16.5% -17.5%

HINCHINBROOK (LGA) 17 $250,000 N/A $230,000 -2.1% -11.2%

INGHAM 7 N/A N/A $240,000 0.0% 1.1%

TOWNSVILLE (LGA) ~ 105 $290,000 15.2% $270,000 -6.6% -16.9%

CRANBROOK t 1 N/A N/A $229,500 N/A N/A

DOUGLAS 7 N/A N/A $290,000 N/A -7.1%

HERMIT PARK ~ 3 N/A N/A $165,000 N/A -26.7%

IDALIA 1 N/A N/A $365,000 2.8% N/A

NORTH WARD ~ f 14 $450,000 85.2% $292,500 -7.9% -20.9%

ROSSLEA - N/A N/A $227,000 0.0% -15.9%

SOUTH TOWNSVILLE ~ f 10 $605,000 N/A $486,808 37.6% 38.1%

TOWNSVILLE CITY ~ 13 $350,000 11.1% $355,000 -6.6% -31.0%

WEST END ~ 3 N/A N/A $215,000 12.3% -33.8%

TOWNSVILLE (LGA) 91 $167,000 3.2% $163,000 -0.8% -0.5%

TOWNSVILLE (LGA) ^ 6 N/A N/A $205,500 5.4% 2.0%

BOHLE PLAINS 6 N/A N/A $160,500 -2.7% -5.6%

BURDELL 14 $169,300 5.2% $159,600 4.2% -11.3%

BUSHLAND BEACH * 4 N/A N/A $150,500 -8.8% 1.0%

DEERAGUN 3 N/A N/A $167,900 -0.6% 12.3%

KELSO 1 N/A N/A $135,900 -6.3% -5.0%

KIRWAN - N/A N/A $185,725 N/A N/A

MOUNT LOUISA 11 $185,000 N/A $185,000 6.0% 12.1%

MOUNT LOW 15 $161,000 -2.4% $162,000 1.3% 1.9%

OONOONBA 12 $180,750 N/A $160,000 10.9% N/A

SHAW 4 N/A N/A $154,000 -8.0% N/A


4810 BELGIAN GARDENS $260 19 $310 19

4812 CURRAJONG $270 22 $280 19

4814 AITKENVALE $270 5 $240 6



RENTAL MARKET

In Cairns, the vacancy rate also remained below 2.5 per cent at the end of December, but it was up 0.4 percentage points since the end of September. According to local agents, houses continue to be the most preferred investment type, with investors being quite active in the region.

Tenant demand is also reportedly strong with rentals on average spending 1 to 2 weeks on the market, with 2 to 5 applicants per listing.

Median weekly rents from the RTA, remain relatively stable in Cairns, however some increases were recorded in nearby Douglas, with three bedroom houses recording an increase of $20 to $350 per week.

CAIRNS

HOUSES

161

784

1900

274 130

788

1922

332

<$350,000 $350,000+ $500,000+ $1m+



1272 1256

480

21

1078 1234

571

22

<$350,000 $350,000+ $500,000+ $1m+




66

575 516

101 58

541 629

117

<$350,000 $350,000+ $500,000+ $1m+


SEP 14 DEC 14


76

443 373

43 88

459 426

46

<$350,000 $350,000+ $500,000+ $1m+


SEP 14 DEC 14


182

39 7

159

33 9

<$350,000 $350,000+ $500,000+



208

265

95

161

214

103

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


194

46 6

202

60

6

<$350,000 $350,000+ $500,000+



48 59

14

51 47

10

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


255

183

49

222

165

65

<$350,000 $350,000+ $500,000+



64

94

30

64 73

23

<$350,000 $350,000+ $500,000+



163

69

26

142

60

19

<$350,000 $350,000+ $500,000+



296

208

56

271

200

87

<$350,000 $350,000+ $500,000+


SEP 14 DEC 14


UNITS

62

384

875

508

54 47

310

770

427

47

<$250,000 $250,000+ $350,000+ $500,000+ $1m+


SEP 14 DEC 14


260 282

132

51 5

225 239

100 46

3

<$250,000 $250,000+ $350,000+ $500,000+ $1m+




296

560 457

276

59

243

509 426

280

65

<$250,000 $250,000+ $350,000+ $500,000+ $1m+



108

203 194

112

21

83

215 177

101

35

<$250,000 $250,000+ $350,000+ $500,000+ $1m+



19

10

4

0

16

10 7

2

<$250,000 $250,000+ $350,000+ $500,000+



222

81

33 19

205

67 32 23

<$250,000 $250,000+ $350,000+ $500,000+



21

12

6

0

19 16

6

1

<$250,000 $250,000+ $350,000+ $500,000+



3 4

6

3

11

5 4

0

<$250,000 $250,000+ $350,000+ $500,000+



55

40

14 11

39

24 17 20

<$250,000 $250,000+ $350,000+ $500,000+



18

33

10 10 6 5 7 5

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


13 13

18

7 9

12

3

7

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


38

62

14 5

28

40

10 4

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


LAND

29

57 49

24 19

31 36

14

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


341

59 22 9

344

59 19 4

<$250,000 $250,000+ $350,000+ $500,000+




102

28 10 10

91

36

9 9

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


46

21 15

8

49

26 19

13

<$250,000 $250,000+ $350,000+ $500,000+


SEP 14 DEC 14


49

2 0

29

0 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


81

16 4

69

11 3

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


62

3 0

44

2 1

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


14

1 1

20

2 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


28

1 3

18

6 2

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


77

5 0

35

4 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


60

3 4

27

2 0

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


106

6 4

83

6 2

<$250,000 $250,000+ $350,000+


SEP 14 DEC 14


Cairns continues to be one of Queensland’s strongest performing residential real estate markets, with hopes growing that 2015 could be one of the city’s best years yet. Despite lower house and unit sales volumes in the three months to December - driven largely by seasonal factors - local agents are reporting the market has bounced back strongly in the first two months of the year.

With little movement in median unit and house sale prices in the three months to December, there’s a growing expectation that Cairns could nevertheless achieve double digit price growth in both sectors this calendar year.

Important commercial development projects such as the Redlynch Shopping Centre expansion and the proposed $200 million seven-tower residential project on Spence Street are generating more confidence in the local economy and giving investors more reasons to look to Far North Queensland.

While some uncertainty surrounds the fate of the proposed Aquis development, there’s a new-found sense of confidence in the local economy and its real estate market.

HOUSE MARKET

Cairns house sales declined 14 per cent in the three months to December, but still recorded a one per cent rise compared to 12 months earlier. The median sale price recorded a 2.9 per cent rise in the December quarter, contributing to a 5.8 per cent rise over 2014.

The percentage of houses selling at a profit is on a strong upward trajectory, confirming the confidence that’s building in the local market. In the December quarter, 88 per cent of houses made a profit on re-sale, up from 78 per cent 12 months earlier.

Average days on market continue to trend down, with properties selling 22 days quicker than 12 months ago, while average vendor discounting was steady in the December quarter at 5.7 per cent.

UNIT MARKET

Cairns unit sales also fell 14 per cent in the December quarter, however the median sale priced recorded a much smaller fall of just one per cent. The increase in $500,000-plus unit transactions contributed to this result, however the vast majority of transactions occurred below $250,000.

Local agents report owner-occupiers are more active than investors in the local unit market, with many chasing properties with low body corporate fees. The $250,000-to-$350,000 remains healthy, with further prospects for growth in 2015.

35





MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

SALES MARKET - UNITS & TOWNHOUSES (CONT’D)


MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE





CAIRNS REGIONAL (NEW) $360 441 $340 502

4865 GOLDSBOROUGH $325 17 $310 21

4868 BAYVIEW HEIGHTS $350 91 $340 76

4869 BENTLEY PARK $335 66 $320 68

4870 AEROGLEN $370 159 $350 170

4878 BARRON $360 31 $340 35

4879 BUCHAN POINT $390 75 $380 74

DOUGLAS SHIRE (NEW) $350 33 N.A. 0

4873 BAILEY CREEK $300 18 $290 30

4877 CRAIGLIE $475 15 $425 19

CASSOWARY COAST REGIONAL $280 109 $290 118

4849 CARDWELL $280 10 $320 12

4852 BINGIL BAY $360 24 $350 26

4854 BILYANA $280 23 $275 28

4860 BAMBOO CREEK $260 41 $260 42

TABLELANDS REGIONAL (NEW) $290 88 $295 137

4872 BARRINE $260 6 N.A. 3

4882 TOLGA $350 5 $280 6

4883 ATHERTON $290 36 $290 43

4884 LAKE BARRINE $300 14 $320 7

4885 BUTCHERS CREEK $265 9 $280 17

4888 EVELYN $260 13 $260 6

MAREEBA SHIRE (NEW) $320 57 N.A. 50

4880 ARRIGA $310 45 $300 42

4881 KOAH $350 12 $380 8

CAIRNS (LGA) 471 $390,000 2.9% $385,000 5.8% 6.9%

CAIRNS (LGA) ^ ~ 31 $537,500 -8.2% $578,000 5.1% -2.9%

BAYVIEW HEIGHTS ~ 12 $448,500 16.0% $390,000 6.8% 8.3%

BENTLEY PARK 33 $366,500 5.6% $352,000 9.3% 5.1%

BRINSMEAD 23 $445,000 1.7% $425,000 11.4% 6.3%

BUNGALOW 7 N/A N/A $355,000 36.5% 19.1%

CAIRNS NORTH 2 N/A N/A $420,000 0.0% N/A

CLIFTON BEACH 15 $527,500 4.7% $520,000 7.2% 7.8%

EARLVILLE 15 $351,000 -4.4% $350,500 9.5% 2.8%

EDGE HILL ~ 11 $539,500 28.5% $500,000 21.2% 20.2%

EDMONTON 53 $335,000 -2.9% $340,000 7.9% 1.5%

FRESHWATER 9 N/A N/A $460,000 N/A 1.1%

GORDONVALE ~ 18 $260,000 -14.1% $302,750 -2.3% -0.4%

HOLLOWAYS BEACH 5 N/A N/A $385,000 7.8% 8.5%

KANIMBLA 9 N/A N/A $450,000 1.7% 0.0%

KEWARRA BEACH 26 $415,000 -1.2% $424,000 3.4% 3.4%

MANOORA ~ 11 $297,500 17.8% $270,000 1.5% -8.5%

MANUNDA 11 $315,000 0.8% $315,000 1.6% -4.5%

MOOROOBOOL ~ 24 $425,000 30.8% $363,000 17.5% 8.4%

MOUNT SHERIDAN 32 $370,500 9.3% $360,000 9.1% 7.1%

PALM COVE 5 N/A N/A $565,000 8.7% 2.8%

PARRAMATTA PARK 10 $405,000 3.3% $385,000 7.7% -1.6%

REDLYNCH 27 $450,000 3.4% $450,000 9.8% 9.8%

SMITHFIELD 13 $449,500 9.6% $405,000 8.0% 6.9%

TRINITY BEACH 28 $477,500 -6.2% $470,000 13.3% 17.5%

TRINITY PARK 6 N/A N/A $430,000 11.3% 14.7%

WESTCOURT 7 N/A N/A $347,500 9.2% 8.9%

WHITE ROCK ~ 11 $298,000 -8.3% $298,000 8.6% 7.2%

WHITFIELD 15 $573,500 -2.0% $535,500 16.4% 24.5%

WOREE 10 $276,250 N/A $318,000 13.6% 3.2%

SURROUNDS

CASSOWARY COAST (LGA) 44 $245,000 0.2% $237,000 -1.3% -8.5%

CASSOWARY COAST (LGA) ^ 15 $284,000 N/A $305,000 -11.6% -12.9%

DOUGLAS (LGA) ~ 25 $399,000 22.8% $375,000 0.0% -1.8%

DOUGLAS (LGA) ^ 7 N/A N/A N/A N/A N/A

MOSSMAN 1 N/A N/A $285,000 N/A -8.1%

PORT DOUGLAS 5 N/A N/A $520,000 19.0% 3.0%

WONGA 5 N/A N/A $286,250 N/A N/A

MAREEBA (LGA) ~ 31 $250,000 -10.7% $275,000 12.7% 9.6%

MAREEBA (LGA) ^ 25 $402,500 -3.9% $415,000 -1.0% -1.2%

KURANDA ^ 12 $430,000 N/A $430,000 -3.1% -6.5%

MAREEBA 20 $273,500 -2.3% $280,000 16.7% 5.1%

MAREEBA ^ 3 N/A N/A $425,000 7.6% N/A

TABLELANDS (LGA) ~ 35 $297,000 7.0% $285,000 0.5% -6.8%

TABLELANDS (LGA) ^ ~ 22 $413,500 34.5% $392,500 10.6% 3.7%

ATHERTON 17 $307,500 9.8% $310,000 0.8% -8.8%

MALANDA 3 N/A N/A $250,000 N/A N/A

YUNGABURRA 1 N/A N/A $355,000 N/A N/A

CAIRNS (LGA) 283 $208,000 -1.0% $215,000 3.4% -17.0%

BUNGALOW ~ 8 N/A N/A $159,500 22.7% -21.6%

CAIRNS CITY ~ f 30 $365,000 38.3% $312,750 -17.7% -27.3%

CAIRNS NORTH ~ 47 $225,000 -1.3% $220,000 2.1% -24.1%

CLIFTON BEACH 6 N/A N/A $251,000 N/A -17.7%

EARLVILLE ~ 12 $190,500 N/A $185,250 -11.8% N/A

EDGE HILL ~ 6 N/A N/A $160,000 21.2% -21.6%

EDMONTON 4 N/A N/A $138,500 N/A N/A

FRESHWATER 8 N/A N/A $250,000 -9.1% -3.8%

HOLLOWAYS BEACH 4 N/A N/A $173,000 11.6% -19.7%

MANOORA ~ 21 $145,000 0.7% $150,000 0.0% -23.7%

MANUNDA * t 24 $154,000 11.2% $175,575 30.5% -5.1%

MOOROOBOOL 6 N/A N/A $197,750 13.0% -16.6%

PALM COVE ~ 24 $300,000 7.6% $276,750 10.7% -26.2%

PARRAMATTA PARK ~ 4 N/A N/A $258,000 30.6% 2.6%

REDLYNCH 5 N/A N/A $238,100 N/A 3.5%

TRINITY BEACH ~ f 17 $195,000 -26.4% $245,000 13.4% -21.0%

WESTCOURT ~ 10 $148,500 -48.8% $220,000 20.7% -31.4%

WOREE ~ 15 $137,500 N/A $120,000 0.0% -25.0%

YORKEYS KNOB 5 N/A N/A $220,000 1.1% 3.8%

SURROUNDS

DOUGLAS (LGA) ~ 62 $181,000 -7.4% $230,000 3.6% -6.7%

PORT DOUGLAS 60 $181,000 -5.2% $223,500 1.6% -10.6%

CAIRNS (LGA) 76 $207,000 1.7% $195,000 8.3% 15.4%

CAIRNS (LGA) ^ 4 N/A N/A $225,000 -6.3% -20.4%

BENTLEY PARK 5 N/A N/A $154,500 6.6% 6.6%

EDMONTON * 2 N/A N/A $135,800 8.6% 9.1%

PALM COVE * 2 N/A N/A $261,000 2.8% 41.1%

REDLYNCH 13 $212,000 N/A $204,000 11.2% 16.6%

SMITHFIELD * 17 $194,500 N/A $189,250 13.3% -5.1%

TRINITY BEACH 2 N/A N/A $177,000 4.1% -1.7%

TRINITY PARK * 5 N/A N/A $220,000 11.2% 30.2%

SURROUNDS

CASSOWARY COAST (LGA) 17 $89,000 N/A $90,000 -4.3% -25.0%

DOUGLAS (LGA) 7 N/A N/A $149,000 19.2% 10.4%

ROCKY POINT * 2 N/A N/A $162,000 N/A N/A

MAREEBA (LGA) 8 N/A N/A $87,750 3.2% N/A

MAREEBA 6 N/A N/A $89,500 5.3% -10.5%

TABLELANDS (LGA) 8 N/A N/A $101,000 1.0% -15.1%

ATHERTON ~ 6 N/A N/A $100,000 -2.4% -16.7%



OTHER REGIONAL




MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE








4868 BAYVIEW HEIGHTS $250 72 $250 73

4869 BENTLEY PARK $260 17 $215 14

4870 AEROGLEN $270 482 $270 538

4878 BARRON $270 77 $270 91

4879 BUCHAN POINT $300 119 $300 154

DOUGLAS SHIRE (NEW) $280 59 N/A N/A

4873 BAILEY CREEK $220 14 $187 17

4877 CRAIGLIE $280 45 $270 50

CASSOWARY COAST REGIONAL $200 95 $220 89

4849 CARDWELL $210 14 $240 13

4852 BINGIL BAY $230 30 $250 28

4854 BILYANA $120 20 $250 6

4860 BAMBOO CREEK $190 30 $195 41

TABLELANDS REGIONAL (NEW) $230 31 $230 69

4883 ATHERTON $240 24 $230 32

MAREEBA SHIRE (NEW) $230 22 N/A 27

4880 ARRIGA $250 18 $225 25

NORTH WEST

MOUNT ISA CITY N/A 11 N/A 5

4825 ALEXANDRIA $750 11 $600 5


SOUTH WEST

BALONNE (LGA) 7 N/A N/A N/A N/A N/A

ST GEORGE 5 N/A N/A $253,000 27.1% 44.6%

MARANOA (LGA) ~ 26 $306,500 10.5% $287,500 -4.2% 19.8%

ROMA ~ 23 $315,000 10.5% $307,500 -3.9% 20.6%

MURWEH (LGA) 7 N/A N/A N/A N/A N/A

CHARLEVILLE 6 N/A N/A $118,000 1.6% -17.5%

CENTRAL WEST

LONGREACH (LGA) 7 N/A N/A N/A N/A N/A

LONGREACH 7 N/A N/A $217,500 -13.0% -7.8%

NORTH WEST

MOUNT ISA (LGA) 24 $360,000 1.4% $358,000 -5.5% 11.9%

HEALY 4 N/A N/A $410,000 -6.8% 12.3%

SOUTH WEST

MARANOA (LGA) 3 N/A N/A $160,000 N/A N/A

ROMA 3 N/A N/A $160,000 0.0% N/A

SOUTH WEST

BALONNE SHIRE $240 17 $250 15

4487 ST GEORGE $240 17 $270 13

MARANOA REGIONAL $400 43 $400 53

4455 ROMA $400 38 $400 50

MURWEH $230 22 $230 26

4470 CHARLEVILLE $230 22 $230 26

CENTRAL WEST

LONGREACH $270 19 $275 26

4730 BRIXTON $275 17 $285 25

NORTH WEST

MOUNT ISA CITY $450 94 $500 93

4825 ALEXANDRIA $450 94 $500 93

FAR NORTH

COOK SHIRE $300 25 $280 29

4871 ALMADEN $260 16 $245 20

4895 BLOOMFIELD $330 9 $300 9


4868 BAYVIEW HEIGHTS $270 5 $250 15

4870 AEROGLEN $265 47 $260 46

4878 BARRON $260 21 $250 20

4879 BUCHAN POINT $290 8 $285 14

DOUGLAS SHIRE (NEW) $300 24 N/A N/A

4877 CRAIGLIE $300 22 $290 11




HOUSES CHANGE OVER YEAR

LGA TOTAL LISTINGS

% STOCK ON MARKET

DAYS ON MARKET*

VENDOR DISCOUNT*

TOTAL LISTINGS

% STOCK ON MARKET

DAYS ON MARKET*

VENDOR DISCOUNT*

GREATER BRISBANE % PTS % PTS

BRISBANE 20,222 6.6% 56 -5.5% 7% 0.4% -17 0.6%

IPSWICH 4,457 7.2% 82 -6.5% 14% 0.7% -13 0.9%

LOGAN 6,466 7.4% 75 -5.7% 15% 0.8% -12 0.6%

MORETON BAY 9,650 7.4% 72 -5.4% 14% 0.5% -14 0.8%

REDLAND 3,915 8.4% 70 -5.7% 9% 0.5% -14 0.9%

TOURISM CENTRES

GOLD COAST 10,065 7.9% 71 -6.0% 7% 0.1% -14 0.8%

SUNSHINE COAST 7,367 9.2% 85 -5.6% -17% 0.0% -14 1.2%

FRASER COAST 3,597 9.6% 108 -7.9% 6% 0.3% -12 -0.1%

CAIRNS 3,077 6.8% 67 -5.7% -8% -0.2% -22 1.0%

REGIONAL QLD

BUNDABERG 2,851 8.4% 95 -7.9% 6% 0.1% 10 -1.4%

GLADSTONE 1,710 7.7% 110 -9.9% -10% -1.2% -9 -0.4%

MACKAY 2,707 7.0% 98 -9.8% -1% -0.2% 10 -2.3%

ROCKHAMPTON 2,258 7.9% 94 -8.7% -36% -0.8% 0 -1.2%

TOOWOOMBA 4,262 8.5% 63 -4.6% 5% 0.1% -13 0.5%

TOWNSVILLE 4,294 7.1% 90 -7.7% 4% 0.1% -1 -0.2%

0

20

40

60

80

100

120

140

160

Brisb

ane

SD

Brisb

ane

Ipsw

ich

Loga

n

Mor

eton

Bay

Redl

and

Gold

Coa

st

Suns

hine

Coa

st

Bund

aber

g

Cairn

s

Fras

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oast

Glad

ston

e

Mac

kay

Rock

ham

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Toow

oom

ba

Tow

nsvi

lle

Average Days On Market - UNITS

2013* 2014*

*12mths to the end of November Source: REIQ, data supplied by CoreLogic RP Data

-12.0%

-10.0%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

Average Vendor Discounting - UNITS

2013* 2014*

0

20

40

60

80

100

120

140

Brisb

ane

SD

Brisb

ane

Ipsw

ich

Loga

n

Mor

eton

Bay

Redl

and

Gold

Coa

st

Suns

hine

…

Bund

aber

g

Cairn

s

Fras

er C

oast

Glad

ston

e

Mac

kay

Rock

ham

pton

Toow

oom

ba

Tow

nsvi

lle

Average Days On Market - HOUSES

2013* 2014*


-12.0%

-10.0%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

Average Vendor Discounting - HOUSES

2013* 2014*

Figures are for the 12 months ending November 2014



0

20

40

60

80

100

120

140

160

Brisb

ane

SD

Brisb

ane

Ipsw

ich

Loga

n

Mor

eton

Bay

Redl

and

Gold

Coa

st

Suns

hine

Coa

st

Bund

aber

g

Cairn

s

Fras

er C

oast

Glad

ston

e

Mac

kay

Rock

ham

pton

Toow

oom

ba

Tow

nsvi

lle

Average Days On Market - UNITS

2013* 2014*


-12.0%

-10.0%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

Average Vendor Discounting - UNITS

2013* 2014*

0

20

40

60

80

100

120

140

Brisb

ane

SD

Brisb

ane

Ipsw

ich

Loga

n

Mor

eton

Bay

Redl

and

Gold

Coa

st

Suns

hine

…

Bund

aber

g

Cairn

s

Fras

er C

oast

Glad

ston

e

Mac

kay

Rock

ham

pton

Toow

oom

ba

Tow

nsvi

lle

Average Days On Market - HOUSES

2013* 2014*


-12.0%

-10.0%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

Average Vendor Discounting - HOUSES

2013* 2014*

UNITS & TOWNHOUSES CHANGE OVER YEAR

LGA TOTAL LISTINGS

% STOCK ON MARKET

DAYS ON MARKET*

VENDOR DISCOUNT*

TOTAL LISTINGS

% STOCK ON MARKET

DAYS ON MARKET*

VENDOR DISCOUNT*

GREATER BRISBANE % PTS % PTS

BRISBANE 8,789 6.5% 63 -4.7% 14% 0.4% -21 0.7%

IPSWICH 464 10.4% 110 -7.2% 8% -0.0% -33 0.3%

LOGAN 1,461 10.5% 97 -6.2% 16% 0.9% -15 1.6%

MORETON BAY 2,018 9.3% 99 -5.7% 25% 1.3% -16 1.2%

REDLAND 628 9.1% 83 -5.2% 2% -0.3% -30 0.6%

TOURISM CENTRES

GOLD COAST 10,996 9.1% 91 -6.6% 7% 0.3% -15 1.4%

SUNSHINE COAST 3,709 9.6% 105 -6.4% -19% -0.4% -10 0.9%

CAIRNS 1,845 8.3% 90 -7.2% -14% 0.1% -23 0.8%

FRASER COAST 541 11.6% 104 -6.2% 9% 0.6% -38 2.1%

REGIONAL QLD

BUNDABERG 400 11.0% 143 -8.5% 17% 1.3% 43 -2.0%

GLADSTONE 250 6.6% 130 -13.5% -20% -2.7% -10 -2.4%

MACKAY 457 7.2% 137 -14.0% 4% -0.6% 23 -5.3%

ROCKHAMPTON 160 7.2% 119 -8.0% -59% -3.8% 14 -1.8%

TOOWOOMBA 567 8.3% 74 -4.4% 7% 0.0% -9 0.3%

TOWNSVILLE 1,217 10.0% 123 -9.8% 2% -0.4% -2 0.1%

Figures are for the 12 months ending November 2014


RENTAL MARKET INDICATORS

RENTAL MARKET INDICATORS

RESIDENTIAL VACANCY RATES

AS AT END OF: DEC-14 SEP-14 TREND STATUS

GREATER BRISBANE

BRISBANE SD 2.3% 2.0% UP TIGHT

BRISBANE CITY 2.9% 2.3% UP HEALTHY

BRISBANE INNER 3.8% 2.9% UP WEAK

BRISBANE BALANCE 2.4% 2.0% UP TIGHT

BRISBANE SURROUNDS 1.6% 1.7% STEADY TIGHT

IPSWICH CITY 2.5% 1.6% UP HEALTHY

LOGAN CITY 2.0% 1.5% UP TIGHT

MORETON BAY 1.2% 1.8% DOWN TIGHT

CABOOLTURE 1.2% 1.6% DOWN TIGHT

PINE RIVERS 1.0% 1.9% DOWN TIGHT

REDCLIFFE 1.8% 2.1% DOWN TIGHT

REDLAND CITY 0.8% 1.8% DOWN TIGHT

MAINLAND 0.9% 1.9% DOWN TIGHT

BAY ISLANDS 0.4% 0.9% DOWN TIGHT

TOURISM CENTRES

GOLD COAST CITY 2.2% 1.9% UP TIGHT

SUNSHINE COAST REGION 1.1% 1.1% STEADY TIGHT

SUNSHINE COAST 1.1% 1.0% STEADY TIGHT

CALOUNDRA COAST 0.6% 1.2% DOWN TIGHT

MAROOCHY COAST 0.7% 1.0% DOWN TIGHT

HINTERLAND* 1.9% 0.8% UP TIGHT

NOOSA 1.1% 1.2% STEADY TIGHT

FRASER COAST 1.9% 2.1% DOWN TIGHT

HERVEY BAY 1.6% 1.9% DOWN TIGHT

MARYBOROUGH 2.3% 2.4% STEADY TIGHT

CAIRNS 2.2% 1.8% UP TIGHT

REGIONAL QLD

BUNDABERG 4.4% 2.9% UP WEAK

GLADSTONE 4.2% 4.7% DOWN WEAK

MACKAY 10.3% 8.4% UP WEAK

ROCKHAMPTON 5.2% 4.1% UP WEAK

TOOWOOMBA 2.3% 1.6% UP TIGHT

TOWNSVILLE 4.7% 4.8% STEADY WEAK

OTHER REGIONAL AREAS

GYMPIE 1.9% 1.9% STEADY TIGHT

LIVINGSTONE 5.3% N/A N/A WEAK

MOUNT ISA 9.9% N/A N/A WEAK

SOUTH BURNETT 6.2% N/A N/A WEAK

SOUTHERN DOWNS 4.0% 4.1% STEADY WEAK

WHITSUNDAY 8.9% 6.2% UP WEAK

GROSS YIELDS HOUSES UNITS

QUARTER: DEC-14 SEP-14 DEC-14 SEP-14

GREATER BRISBANE

BRISBANE CITY 3.6% 3.7% 5.0% 5.0%

IPSWICH CITY 4.9% 5.2% 5.5% 5.4%

LOGAN CITY 5.0% 5.2% 5.6% 5.6%

MORETON BAY 4.5% 4.6% 4.7% 4.4%

REDLAND CITY 4.2% 4.2% 5.2% 4.8%

TOURISM CENTRES

GOLD COAST CITY 4.4% 4.5% 5.5% 5.5%

SUNSHINE COAST 4.4% 4.4% 4.8% 4.9%

NOOSA 4.3% 4.2% 5.2% 4.7%

CAIRNS 4.8% 4.8% 7.0% 6.9%

FRASER COAST 5.2% 5.1% 4.7% 5.1%

REGIONAL/RESOURCE AREAS

BUNDABERG 5.4% 5.5% 4.4% 5.1%

GLADSTONE 4.4% 4.4% 5.6% 3.5%

MACKAY 4.5% 4.6% 3.5% 4.3%

ROCKHAMPTON 5.2% 5.1% 3.4% 2.9%

TOOWOOMBA 4.6% 4.6% 4.8% 4.5%

TOWNSVILLE CITY 4.7% 4.9% 5.0% 5.5%

OTHER REGIONAL AREAS

BANANA 6.6% 5.7% N/A N/A

BURDEKIN 7.6% 6.5% N/A N/A

CASSOWARY COAST 5.9% 6.0% N/A 17.3%

CENTRAL HIGHLANDS 5.7% 4.3% N/A N/A

CHARTERS TOWERS 6.8% 7.0% N/A N/A

DOUGLAS 4.6% 5.3% 8.0% 7.6%

GOONDIWINDI 6.6% 5.9% N/A N/A

GYMPIE 5.4% 5.4% N/A 4.1%

HINCHINBROOK 5.0% N/A N/A N/A

ISAAC 8.7% 7.2% N/A N/A

LIVINGSTONE 4.3% 5.0% 4.7% 4.6%

LOCKYER VALLEY 6.2% 5.6% N/A N/A

MARANOA 6.8% 7.5% N/A N/A

MAREEBA 6.7% 5.8% N/A N/A

MOUNT ISA 6.5% 7.0% N/A N/A

SCENIC RIM 4.3% 4.6% N/A N/A

SOMERSET 5.6% 5.6% N/A N/A

SOUTH BURNETT 5.8% 6.0% N/A N/A

SOUTHERN DOWNS 5.6% 5.5% N/A N/A

TABLELANDS 5.1% 5.4% N/A N/A

WESTERN DOWNS 6.1% 5.6% N/A N/A

WHITSUNDAY 4.4% 4.5% 5.2% 5.8%

VACANCY TREND: STEADY =

+/- 0.2%

UP =

> +

0.3%;

DOWN =

< -0.3%

OR MORE

MARKET STATUS:

TIGHT <2.5%

HEALTHY =

2.5-3.5%

WEAK >

3.5%

The Real Estate Institute of Queensland Ltd. Copyright 2014 21 Turbo Drive, Coorparoo, PO Box 1555, Coorparoo DC Q 4151

Ph: (07) 3249 7347 Fax: (07) 3249 6211 Email: [email protected]

Queensland Market Monitor is published byThe Real Estate Institute of Queensland (REIQ).

ABN 49 009 661 287

Sales data obtained from Core Logic RP Data (www.corelogic.com.au) and median weekly rental data from the Residential Tenancies Authority (www.rta.qld.gov.au). Enquiries about the reproduction of part or all of the information should be directed to the Corporate Affairs Division, REIQ.

© The State of Queensland (Department of Environment and Resource Management) 2015. Based on data provided with the permission of the Department of Natural Resources and Mines: [QVAS 2015]. The Department of Environment and Resource Management makes no representations or warranties about accuracy, reliability, completeness or suitability of the data for any particular purpose and disclaims all responsibility and all liability (including without limitation, liability in negligence) for all expenses, losses and damages (including indirect or consequential damage) and costs which might be incurred as a result of the data being inaccurate or incomplete in any way and for any reason.

Disclaimer: The information contained in this publication, while based on information believed reliable, is not guaranteed. Nor is any of it tendered by way of investment advice; instead, it is intended only to inform and illustrate. No reader should act on the basis of any matter contained in this publication without considering and if necessary taking appropriate professional advice with regards to their own particular circumstances. The publisher and editor give no representations and make no warranties, express or implied, with respect to the accuracy or completeness of any of the material (including statistics, advertisements and advertising features) contained in this publication. The publisher and editor expressly disclaim any and all liability to the reader, whether a purchaser of this publication or not, in respect of anything and the consequences of anything done or omitted to be done by any such person in reliance, whether whole or partial, upon the whole or any part of the contents of this publication. The publisher, editor or contributors will enter into no correspondence in relation to this publication. The mention of the company, organisation, person, investment strategy or technique does not imply endorsement by the publisher. The publisher has not vetted advertisers and their products/services. The inclusion of advertisements or special advertising features in this publication does not imply endorsement of the advertiser/s or their products/services by the publisher. Articles are published in reliance upon the representations and warranties of the authors of the articles and without knowledge of any infringement of any third party’s copyright. Copyright: This publication is protected under the Commonwealth Copyrights Act 1968 and may not, in whole or part, be lent, copied, photocopied, reproduced, translated or reduced to any electronic medium or machine-readable format without the express permission of the publisher. For permissions or reprints, contact the Corporate Affairs Division on phone 07 3249 7347.

Data report date: 12 February 2015 Published date: 9 March 2015

reiqdotcombuyrentselleasy.indd 1 1/10/13 10:55 AM

QUEENSLAND MARKET MONITOR is a quarterly, electronic publication entirely focused on residential sales and rental research data for regions throughout the State, on a suburb-by-suburb basis. It meets the high standards for accurate data and reliable analysis that you have come to expect from the REIQ.

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• Analytical market commentary.

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quarterly market monitor issue 25

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