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your state-wide property research guide suburb by suburb
REIQ
QU
EENS
LAN
D M
AR
KET
MO
NIT
OR
ISS
UE 30
MAR QTR 2016
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QMM STATE-WIDE COMMENTARY
MARCH QUARTER UP AND DOWN
The March quarter has been slower throughout the state, although the overarching trends are continuing to hold steady, with small levels of growth in the southeast corner and more challenging conditions throughout much of regional Queensland.
Looking at the quarterly data, Cairns, Townsville and Rockhampton felt the pinch in the March quarter with a drop in median house prices of 4.1 per cent, 8.3 per cent and 3.6 per cent respectively. These are the three biggest quarter-on-quarter drops in the state.
Other regional centres, such as Gladstone, Mackay and Toowoomba experienced smaller drops of just 1.4 per cent, 1.9 per cent and 1.6 per cent respectively.
Looking at the more reliable annual figures, we can see that the March quarter drop has pushed Townsville below where it was 12 months ago, down by 2.3 per cent. It is hoped that the infrastructure works program, along with the recently announced new stadium and the Singapore defence force movements will boost this local economy and help it through difficult conditions.
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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 (at least 20 sales for the quarter) at the time of reporting are published.
Median price changes are influenced by varying quality of properties sold.
N/A Due to insufficient sales numbers (as at the time of data extraction) no median sale price has been calculated.
N/D Not displayed due to price movements potentially driven by type of stock transacting.
(LGA) Local Government Area Brisbane.
(SD) Brisbane Statistical Division comprising the LGA’s of Brisbane City, Ipswich City, Logan City, Moreton Bay Regional and Redland City.
Sunshine Coast (SD) Sunshine Coast Region comprising the LGA's of Sunshine Coast Regional and Noosa.
# Figures based upon the new council boundaries
^ Indicates acreage sales only (with land size greater than 2400m2). All other data is based upon sales with a land size of less than 2400m2
ON THE MARKET INDICATORS
At the time of publication, latest information available was for the 12 months ending the month prior to end of the quarter reporting 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, listings without an advertised asking price and properties sold at or above list 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
Some data contained within these graphs represent preliminary sales numbers and are subject to revision as additional sales records become available.
The data excludes any recent sales transactions where the contract sale price was not disclosed.
The intention of these graphs is to gauge trends in sales activity between periods in lieu of actual final sales results and compare it with historical data..Source: REIQ, data obtained from CoreLogic RPData
GROSS RENTAL YIELDS
House yields are based upon REIQ median house prices and RTA median weekly rent for three-bedroom houses.
Unit yields are based upon REIQ median unit & townhouse sale prices and RTA median weekly rent for two-bedroom units.
VACANCY RATES
All figures are based upon all residential rentals as at the end of each quarterly period, as submitted by REIQ accredited agents.
N/A Due to insufficient information received no vacancy rate has been calculated.
Source: REIQ Residential Rental Survey
RENTAL MARKET DATA
All median weekly rents are published on a postcode basis, as calculated by the Residential Tenancies Authority, where sufficient data is available.
Caution should be exercised when interpreting any median rental price data based upon a relatively small number of new bond lodgements.
Figures for the new LGA's available for the current quarter only.
L Listed localities (or suburbs) represent one on potentially several that fall within that postcode.
N.A. Due to insufficient new bond lodgements, no median rental price has been calculated
Source: Residential Tenancies Authority, Rental Bond lodgements (www.rta.qld.gov.au)
3
STATE-WIDE SUMMARY
MARCH QUARTER 20163 QUEENSLAND MARKET MONITOR
Queensland market update 1
REIQ Explanatory notes 2
Brisbane market updates
Brisbane City 8
Greater Brisbane 14
Regional market updates
Gold Coast 20
Toowoomba 24
Sunshine Coast 26
Fraser Coast 30
Bundaberg 32
Gladstone 34
Rockhampton 36
Mackay 38
Townsville 40
Cairns 44
Other Regional 47
On The Market Indicators 48
Total Listings
% Stock on Market
Average Vendor Discount
Average Days on Market
Rental Market Indicators 50
Gross rental yields
Residential vacancy rates
TABLE OF CONTENTS
REIQ STATE-WIDE COMMENTARY CONTINUED
Keeping our focus on the 12-month figures, six out of 11 markets are still within positive territory. The Gold Coast, Brisbane LGA, Toowoomba, Sunshine Coast, Fraser Coast and Cairns are all recording higher median house prices than 12 months ago, which indicates these markets are well and truly on solid ground.
The Bundaberg house market is just 1.8 per cent down on 12 months ago and Townsville has just edged into negative territory, now 2.3 per cent below its position 12 months ago.
For Gladstone, Rockhampton and Mackay, their markets remain below the 12-month waterline and also below the five-year waterline.
These figures highlight how fragile the recovery is in these markets and how challenged the regional Queensland markets continue to be.
As this report was being produced, the State Government announced it would boost the first-home buyer’s grant by $5000, but would continue to limit it to new construction only.
The REIQ has voiced its disappointment in this measure, arguing that the regional economy desperately needs stimulus to buy established homes.
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The Real Estate Institute of Queensland Ltd. Copyright 2014 21 Turbo Drive, Coorparoo, PO Box 1555, Coorparoo DC Q 4151Ph: (07) 3249 7347 Fax: (07) 3249 6211 Email: research@reiq.com.au
Managing Editor: Felicity Moore T. 07 3249 7300E. fmoore@reiq.com.au
Research Analyst: Karina Salas T. 07 3249 7301E. ksalas@reiq.com.au
Graphic Designer: Holly Tape T. 07 3249 7312E. htape@reiq.com.au
Source: REIQ, data obtained from CoreLogic RPData
4 QUEENSLAND MARKET MONITOR
STATE-WIDE SUMMARY
HOUSE MARKET
The house market was slower this quarter and seven out of 11 markets contracted.
The Brisbane LGA median house price fell 2.4 per cent this quarter, but the longer-range trends are still positive, with 6.1 per cent growth over 12 months and 17.9 per cent over five years.
As forecast, the Townsville market has struggled this quarter and the impact of the nickel refinery shutdown is having an impact.
Even the strongest performing regional areas of the Gold Coast, Toowoomba, the Sunshine Coast and Cairns have slowed in the March quarter.
Toowoomba remains one per cent above this time last year and almost 20 per cent better than five years ago, which gives this market some breathing room. With major infrastructure projects going ahead, and the condition that the workforce be drawn from within a 70km radius of the project, this market is in a good position and should see continued moderate growth.
The Sunshine Coast grew one per cent this quarter, and is up four per cent on 12 months ago and 9.1 per cent higher than five years ago. Again, solid infrastructure projects will help the house market continue its steady trajectory of sustained growth.
The Gold Coast is buoyed by Commonwealth Games works and is expected to maintain small, steady growth into the short-term future. This market grew 0.5 per cent this quarter and is 5.8 per cent higher than 12 months ago and 10.2 per cent higher than five years ago.
Cairns contracted this quarter, falling by 4.1 per cent, however it is 3.3 per cent higher than 12 months ago and 9.6 per cent higher than five years ago. With considerable infrastructure works and development activity under way in Cairns, our view is that this quarterly result does not foreshadow a broader trend.
UNIT MARKET
The overwhelming question on everyone’s lips when talking about the apartment market is, “Is Brisbane’s apartment market in oversupply yet?”.
There is a significant level of apartment stock scheduled to reach the market in the latter half of 2016 and throughout 2017, however, some developers have reportedly held back projects and this will help smooth out supply levels.
While the Brisbane apartment market contracted marginally, 0.9 per cent, it is still 1.2 per cent stronger than 12 months ago and 6.7 per cent stronger than five years ago.
The inner city vacancy rate edged up slightly in the March quarter however, at 3.3 per cent remains within the healthy range and indicates demand for apartments and inner city living is steady.
Throughout the rest of the state the apartment market was patchy. Small levels of growth this quarter for Toowoomba, Sunshine Coast, and Fraser Coast, were offset by falls in the Gold Coast, Bundaberg, Mackay, Townsville and Cairns.
Rockhampton held reasonably steady, all things considered, falling just 0.2 per cent and still hanging onto positive territory in the five-year figures, at 10.6 per cent higher.
Gladstone returned an unusual figure of 30.1 per cent growth, but this is a reflection of several factors, including very little activity in the December quarter, along with the type of stock being sold in the March quarter – most likely more three-bedroom units compared with mostly two-bed units in December. This data is not indicative of any market changes, but is rather, an outlier.
Toowoomba was the star performer in the apartment market for the March report, with solid growth in the quarterly (2.4 per cent), annual (3.7 per cent) and five-year (26.5 per cent) figures.
RENTAL MARKET
Pressure on good rental accommodation on the Gold and Sunshine coasts has predictably pushed rents up, with the Gold Coast rising by around $20 a week this quarter across three-bedroom houses, two-bedroom units and three-bedroom townhouses.
As with the sales markets, regional Queensland is seeing rents drop, with Gladstone being the hardest hit, dropping by $50 a week for a three-bed house, $60 a week for a two-bed unit and $100 a week for a three-bed townhouse. Local agents are reporting that they are having very challenging conversations with landlords on how much to reduce rents by and whether to offer rental incentives.
Mackay and Townsville were close behind, losing around $30 a week in Mackay on rents and $15- $20 a week in Townsville.
The rental market is the most sensitive and very closely aligned to the jobs market. It is also the market that suffers the most when rates are low and people jump out of renting and into home ownership.
FALLING
STEADY
STABILISING RECOVERING
STEADY
RISING
QUEENSLAND HOUSE MARKETS March Qtr 2016
Gold Coast Sunshine Coast (SD) Brisbane (SD) Cairns
Source: REIQ Based on the last 4 quarters median sale price change
Mackay Gladstone Rockhampton Townsville
Bundaberg
Fraser Coast Toowoomba
FALLING
STEADY
STABILISING RECOVERING
STEADY
RISING
QUEENSLAND UNITS MARKETS March Qtr 2016
Source: REIQ Based on the last 4 quarters median sale price change Source: REIQ Based on the last 4 quarters median sale price change Source: REIQ Based on the last 4 quarters median sale price change
Fraser Coast
Sunshine Coast (SD) Gold Coast Toowoomba Cairns
Mackay Rockhampton Gladstone Townsville
Brisbane (SD)
Bundaberg
FALLING
STEADY
STABILISING RECOVERING
STEADY
RISING
QUEENSLAND HOUSE MARKETS March Qtr 2016
Gold Coast Sunshine Coast (SD) Brisbane (SD) Cairns
Source: REIQ Based on the last 4 quarters median sale price change
Mackay Gladstone Rockhampton Townsville
Bundaberg
Fraser Coast Toowoomba
FALLING
STEADY
STABILISING RECOVERING
STEADY
RISING
QUEENSLAND UNITS MARKETS March Qtr 2016
Source: REIQ Based on the last 4 quarters median sale price change Source: REIQ Based on the last 4 quarters median sale price change Source: REIQ Based on the last 4 quarters median sale price change
Fraser Coast
Sunshine Coast (SD) Gold Coast Toowoomba Cairns
Mackay Rockhampton Gladstone Townsville
Brisbane (SD)
Bundaberg
5
STATE-WIDE SUMMARY
MARCH QUARTER 2016
6 QUEENSLAND MARKET MONITOR
STATE-WIDE SUMMARY
HOUSES (<2400) UNITS & TOWNHOUSES VACANT LAND (<2400)
LGA MEDIAN SALE PRICE QTRLY CHANGE MEDIAN SALE PRICE QTRLY CHANGE MEDIAN SALE PRICE QTRLY CHANGE
GREATER BRISBANE
BRISBANE SD $480,000 -4.0% $395,000 -1.3% $225,000 2.7%
BRISBANE $620,000 -2.4% $431,075 -0.9% $362,500 0.0%
IPSWICH $321,500 -0.2% $237,000 -21.0% $191,000 5.0%
LOGAN $370,000 0.5% $245,000 -3.5% $207,444 7.8%
MORETON BAY $415,000 -1.2% $310,000 -7.2% $235,800 1.3%
REDLAND $499,000 1.9% $370,000 -0.7% N/D N/D
TOURISM CENTRES
GOLD COAST $557,500 0.5% $375,000 -0.3% $239,900 0.0%
SUNSHINE COAST SD $515,000 1.0% $385,000 0.7% $242,000 -9.2%
SUNSHINE COAST $510,000 1.0% $370,000 -0.5% $230,000 -11.5%
NOOSA $547,500 -2.6% $450,000 -2.2% N/A N/A
FRASER COAST $295,000 0.0% $254,750 6.2% $145,000 -3.0%
CAIRNS $386,000 -4.1% $223,500 -4.9% $200,800 -4.8%
REGIONAL CENTRES
BUNDABERG $276,000 0.4% $246,000 -8.9% $148,000 -1.3%
GLADSTONE $345,000 -1.4% $302,500 30.1% N/A N/A
MACKAY $332,500 -1.9% $220,000 -12.0% $175,000 3.7%
ROCKHAMPTON $270,000 -3.6% $264,500 -0.2% N/A N/A
TOOWOOMBA $352,250 -1.6% $315,000 2.4% $169,000 -1.0%
TOWNSVILLE $330,000 -8.3% $260,000 -15.0% $167,750 6.9%
ON THE MARKET" HOUSES (ALL) UNITS (ALL)
LGA TOTAL LISTINGS
STOCK ON
MARKET
DAYS ON MARKET
VENDOR DISCOUNT
TOTAL LISTINGS
STOCK ON
MARKET
DAYS ON MARKET
VENDOR DISCOUNT
GREATER BRISBANE
BRISBANE SD 44,647 7.0% 67 -5.5% 14,624 7.7% 76 -5.0%
BRISBANE 19,782 6.5% 57 -5.5% 9,971 7.0% 69 -4.7%
IPSWICH 4,397 7.1% 82 -6.1% 501 9.8% 107 -6.9%LOGAN 6,717 7.6% 70 -5.2% 1,455 10.2% 87 -5.5%MORETON BAY 9,728 7.5% 71 -5.1% 2,015 9.0% 102 -5.8%REDLAND 4,023 8.0% 75 -5.6% 682 9.5% 88 -5.2%TOURISM CENTRESGOLD COAST 10,043 8.0% 68 -5.4% 11,247 9.2% 88 -5.7%SUNSHINE COAST SD 8,702 8.5% 89 -5.8% 4,671 9.5% 107 -6.2%SUNSHINE COAST 6,923 8.4% 85 -5.6% 3,649 9.5% 104 -6.1%NOOSA 1,779 9.2% 107 -6.6% 1,022 9.7% 117 -6.5%FRASER COAST 3,609 9.7% 115 -7.8% 591 12.7% 127 -7.6%CAIRNS 3,582 7.9% 72 -6.4% 2,105 9.7% 89 -7.2%REGIONAL QLDBUNDABERG 2,913 8.7% 103 -7.9% 421 11.5% 123 -8.0%GLADSTONE 1,516 6.9% 99 -10.2% 246 6.4% 131 -10.9%MACKAY 2,586 6.8% 107 -12.2% 474 7.5% 118 -15.1%ROCKHAMPTON 2,247 8.1% 104 -9.8% 182 7.9% 111 -7.2%TOOWOOMBA 4,217 8.5% 72 -5.9% 623 8.3% 90 -4.7%TOWNSVILLE 4,109 6.9% 96 -9.2% 1,201 9.7% 112 -9.3%
"All figures are for the 12months ending Feb-16
SD - Statistical Division: Brisbane SD (Brisbane, Ipswich, Logan, Moreton Bay & Redland); Sunshine Coast SD (Sunshine Coast & Noosa)
N/A: Not available due to insufficient sales numbersN/D: Not displayed due to price movements potentially driven by type of stock transacting
7
STATE-WIDE SUMMARY
MARCH QUARTER 2016
FOR FULL ON THE MARKET AND RENTAL MARKET STATISTICS BY LOCAL GOVERNMENT AREA, SEE PAGE 48-49
VACANCY RATES
LGA/REGION MAR-16 TRENDGREATER BRISBANEBRISBANE SD 2.6% STEADYBRISBANE 3.0% STEADYIPSWICH 1.8% DOWNLOGAN 2.1% DOWNMORETON BAY 2.2% STEADYREDLAND 1.7% STEADYTOURISM CENTRESGOLD COAST 1.5% UPSUNSHINE COAST SD 1.5% STEADYSUNSHINE COAST 1.5% STEADYNOOSA 1.4% UPFRASER COAST 3.2% DOWNCAIRNS 2.1% DOWNREGIONAL QLDBUNDABERG 5.2% UPGLADSTONE 11.3% UPMACKAY 8.1% DOWNROCKHAMPTON 6.9% UPTOOWOOMBA 3.0% STEADYTOWNSVILLE 6.0% DOWN
See page 50 for full vacancy rate data
* change greater than $20 (rents) or 0.5 pts (yields)N/A Not Available
RENTAL TRENDS MEDIAN WEEKLY RENT GROSS RENTAL YIELDS
LGA 3-BED HOUSE 2-BED FLAT 3-BED TOWNHOUSE HOUSES UNITS
GREATER BRISBANE QUARTERLY TREND
QUARTERLY TREND
QUARTERLY TREND
QUARTERLY TREND
QUARTERLY TREND
BRISBANE $435 UP $410 UP $425 UP 3.6% STEADY 4.9% STEADYIPSWICH $310 UP $260 STEADY $320 UP 5.0% STEADY 5.7% UP*LOGAN $340 DOWN $270 STEADY $340 STEADY 4.8% STEADY 5.7% STEADYMORETON BAY $350 STEADY $285 UP $345 UP 4.4% STEADY 4.8% UPREDLAND $390 STEADY $350 UP $395 DOWN 4.1% STEADY 4.9% STEADYTOURISM CENTRESGOLD COAST $460 UP $395 UP $405 DOWN 4.3% STEADY 5.5% STEADYSUNSHINE COAST $430 UP $340 DOWN $410 UP 4.4% STEADY 4.8% STEADYNOOSA $450 STEADY $390 UP* $520 UP* 4.3% STEADY 4.5% STEADYFRASER COAST $290 STEADY $250 UP $310 DOWN* 5.1% STEADY 5.1% DOWN*CAIRNS $360 DOWN $290 STEADY $350 STEADY 4.8% STEADY 6.7% STEADYREGIONAL QLDBUNDABERG $280 STEADY $230 STEADY $285 DOWN 5.3% STEADY 4.9% STEADYGLADSTONE $250 DOWN $190 DOWN $250 DOWN* 3.8% STEADY 3.3% N/AMACKAY $285 UP $200 STEADY $300 UP 4.5% STEADY 4.7% UP*ROCKHAMPTON $295 UP $220 STEADY $340 UP* 5.7% STEADY 4.3% N/ATOOWOOMBA $300 STEADY $250 UP $330 UP 4.4% STEADY 4.1% STEADYTOWNSVILLE $310 STEADY $260 STEADY $340 UP* 4.9% STEADY 5.2% UP*
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8 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
BRISBANE CITYThe March preliminary data reveals a small slip of 2.4 per cent in the quarterly median sale price for houses in Brisbane City (LGA), dropping to $620,000.
This slip ends Brisbane’s record 14 consecutive quarters of growth, although it doesn’t necessarily represent a cooling of the market. The quarter-to-quarter data is volatile and relying on preliminary figures is not the most accurate picture of the real estate market.
A more reliable data snapshot is the annualised figure, and this reveals a median sale price of $625,000, which is 6.1 per cent higher than 12 months ago.
Brisbane’s real estate market continues to attract interest from interstate and overseas investors. However, there was growing speculation that an oversupply in the inner-city apartment market was on the horizon and moving closer. As the quarter came to a close news was revealed that some developers were holding back projects that had been approved. Some experts suggested up to a third of inner-city projects that had development approval was being held back. Time will tell how much this will impact on supply and demand market forces.
The busiest price point for housing this quarter was the $500,000 - $1 million bracket, although volumes were down significantly on September 2015 and December 2015 quarters. The March quarter revealed just 1751 transactions in this price point, compared with 2797 last quarter and 2860 in the September quarter.
HOUSE MARKET
The small slip in Brisbane’s quarterly median sale price, by 2.4 per cent, to $620,000 may be seen by some as a sign that the market is cooling. However, the REIQ is of the view that one swallow does not a summer make. In other words, one quarterly blip is not a trend and we will wait for the June quarter data to find more evidence of a trend.
Some suburbs, such as Clayfield and Wilston, that edged their way into the million-dollar suburb list last quarter, have slipped out this quarter, and this is further evidence of the volatility of quarter-to-quarter data.
Mainstay suburbs such as Hamilton, Hawthorne, Ascot, Brookfield, Highgate Hill, New Farm, St Lucia, Teneriffe, West End and Bulimba have all retained their positions as million-dollar suburbs.
UNIT MARKET
Brisbane’s apartment market slipped slightly in volume and median sale price, dropping just 0.9 per cent in the median price, to $431,075 for the quarter, with 1724 transactions (compared with 1818 transactions last quarter).
The top five busiest suburbs for unit sales were the CBD with 121 sales, Kangaroo Point with 50 sales, Toowong with 49 sales, Clayfield with 43 sales and New Farm with 42 sales.
Local agents continue to report steady levels of interest and claim that reports of a cooling in the inner city apartment market are exaggerated.
As it has been with the house market, units have been slightly quieter, although it’s likely an effect of some negative gearing debate in the media, with politicians testing the waters and discussing potential changes to the negative gearing provisions, throughout the quarter. It wasn’t until late April that the Labor Party formally announced a policy change on negative gearing, but the continued debate has made investors nervous.
RENTAL MARKET
The rental market in Brisbane has been busy, with volumes of new bonds up and rents holding steady.
This market continues to be impacted by low interest rates and this often triggers a break-lease situation as a tenant in a rental property takes advantage of the affordable housing opportunities and low interest rates to get into the home ownership market.
However, despite this pressure, the market is bearing up remarkably well. Compared with a year ago, bonds are up and rents are steady, or in some markets up marginally.
Brisbane's real estate market continues to attract interest from interstate and overseas investors.
9 MARCH QUARTER 2016
BRISBANE MARKET UPDATES
BRISBANE (LGA) 2838 $620,000 -2.4% $625,000 6.1% 17.9% $530,000
BRISBANE (LGA) ^ 70 $937,500 1.9% $971,500 -0.9% -0.1% $972,500
ACACIA RIDGE 28 $393,750 3.6% $370,000 6.1% 12.8% $328,000
ALBION 7 N/A N/A $725,250 4.2% 20.9% $600,000
ALDERLEY 13 N/A N/A $731,300 4.5% 17.0% $625,000
ALGESTER 25 $483,000 -1.3% $490,500 6.4% 18.2% $415,000
ANNERLEY 18 N/A N/A $665,000 0.0% 11.8% $595,000
ASCOT 20 $1,100,000 -21.4% $1,250,000 -4.6% 14.7% $1,090,000
ASHGROVE 28 $940,000 14.3% $855,000 4.3% 23.9% $690,000
ASPLEY 36 $570,000 -5.0% $565,000 6.6% 21.5% $465,000
AUCHENFLOWER 12 N/A N/A $883,000 0.6% 9.9% $803,500
BALD HILLS 27 $410,000 1.0% $405,000 5.2% 5.6% $383,500
BALMORAL 8 N/A N/A $945,000 3.3% 21.2% $780,000
BANYO 12 N/A N/A $505,000 17.2% 18.8% $425,000
BARDON 29 $790,000 -8.9% $820,000 -2.3% 8.6% $755,000
BELLBOWRIE 17 N/A N/A $500,000 7.5% 5.3% $475,000
BELMONT 5 N/A N/A $630,000 7.7% 2.4% $615,000
BOONDALL 25 $450,000 -2.2% $457,500 6.4% 8.9% $420,000
BRACKEN RIDGE 50 $480,000 7.6% $455,500 6.4% 9.8% $415,000
BRIDGEMAN DOWNS 26 $770,000 14.5% $750,000 7.1% 7.9% $695,000
BRIGHTON 35 $465,000 -1.4% $466,000 5.9% 16.5% $400,000
BROOKFIELD ^ 3 N/A N/A $1,200,000 -5.4% 10.6% $1,085,000
BULIMBA 20 $1,225,000 3.8% $1,217,500 13.3% 31.6% $925,000
CALAMVALE 33 $639,900 2.0% $627,500 10.1% 24.3% $504,650
CAMP HILL 50 $800,000 5.7% $771,000 5.5% 20.0% $642,250
CANNON HILL 25 $760,000 8.6% $730,000 12.3% 30.9% $557,500
CARINA 25 $606,000 -3.8% $620,000 10.5% 22.8% $505,000
CARINA HEIGHTS 7 N/A N/A $600,000 1.3% 23.7% $485,000
CARINDALE 40 $815,000 -6.9% $810,000 14.1% 16.5% $695,000
CARSELDINE 19 N/A N/A $583,750 2.9% 14.5% $510,000
CHAPEL HILL 28 $767,500 4.9% $739,944 8.5% 13.8% $650,000
CHELMER 18 N/A N/A $985,000 0.4% 9.4% $900,000
CHERMSIDE 9 N/A N/A $538,000 -7.4% 20.1% $448,000
CHERMSIDE WEST 17 N/A N/A $530,000 1.9% 13.4% $467,500
CLAYFIELD 26 $855,000 -23.0% $980,000 5.4% 5.1% $932,500
COOPERS PLAINS 15 N/A N/A $525,000 7.1% 19.0% $441,250
COORPAROO 39 $822,500 -6.0% $815,000 10.9% 22.6% $665,000
CORINDA 21 $643,000 1.3% $648,000 -3.0% 10.1% $588,500
DARRA 13 N/A N/A $430,000 26.0% 25.9% $341,500
DEAGON 15 N/A N/A $438,000 6.6% 6.8% $410,000
DOOLANDELLA 13 N/A N/A $440,000 3.2% 0.0% $440,000
DREWVALE 18 N/A N/A $543,500 6.1% 11.6% $487,000
DURACK 11 N/A N/A $388,250 2.2% 6.4% $365,000
EAST BRISBANE 17 N/A N/A $780,000 2.6% 18.2% $660,000
EIGHT MILE PLAINS 28 $740,000 -5.1% $740,000 10.1% 23.3% $600,000
ENOGGERA 8 N/A N/A $625,000 1.8% 10.7% $564,500
EVERTON PARK 23 $575,250 0.1% $555,000 7.8% 11.0% $500,000
FAIRFIELD 7 N/A N/A $617,500 -11.8% 6.5% $580,000
FERNY GROVE 16 N/A N/A $538,000 3.2% 9.2% $492,500
FIG TREE POCKET 10 N/A N/A $890,000 4.9% 6.0% $839,500
FITZGIBBON 14 N/A N/A $430,000 1.2% 3.6% $415,000
FOREST LAKE 93 $423,500 -3.8% $420,000 5.1% 6.3% $395,000
GAYTHORNE 6 N/A N/A $605,000 -6.2% 34.4% $450,000
GEEBUNG 18 N/A N/A $495,000 7.6% 13.8% $435,000
GORDON PARK 13 N/A N/A $745,000 5.7% 26.8% $587,500
GRACEVILLE 15 N/A N/A $797,500 13.4% 15.6% $690,000
GRANGE 13 N/A N/A $905,000 16.0% 40.1% $646,000
GREENSLOPES 24 $765,500 -11.5% $732,500 8.9% 25.2% $585,000
HAMILTON 7 N/A N/A $1,115,000 -0.7% 5.7% $1,055,000
HAWTHORNE 14 N/A N/A $1,055,000 -4.1% 42.0% $742,750
HEATHWOOD 7 N/A N/A $552,500 2.4% 1.2% $546,000
HEMMANT 10 N/A N/A $432,750 2.9% 1.8% $425,000
HENDRA 19 N/A N/A $950,000 13.1% 18.8% $800,000
HIGHGATE HILL 7 N/A N/A $1,022,500 -6.4% 29.4% $790,000
HOLLAND PARK 24 $635,000 -4.9% $650,000 3.6% 22.9% $529,000
HOLLAND PARK WEST 18 N/A N/A $670,000 11.7% 15.5% $580,000
INALA 39 $350,600 1.6% $340,000 9.7% 15.3% $295,000
INDOOROOPILLY 18 N/A N/A $847,000 7.6% 22.3% $692,500
JAMBOREE HEIGHTS 16 N/A N/A $442,000 -1.1% 7.9% $409,500
JINDALEE 15 N/A N/A $527,500 5.5% 3.7% $508,500
KALINGA 7 N/A N/A $927,500 21.6% 9.8% $845,000
KANGAROO POINT 6 N/A N/A $950,000 25.8% 22.6% $775,000
KARANA DOWNS 6 N/A N/A $415,500 6.3% 3.2% $402,500
KARANA DOWNS ^ 8 N/A N/A $526,250 7.1% 9.9% $479,000
KEDRON 21 $630,000 0.0% $612,500 -1.5% 12.2% $546,000
KELVIN GROVE 16 N/A N/A $723,500 1.2% 11.3% $650,000
KENMORE 28 $640,000 0.8% $620,000 7.8% 12.8% $549,500
KENMORE HILLS 5 N/A N/A $757,500 4.5% 12.4% $674,000
KEPERRA 29 $490,000 2.1% $475,500 2.9% 8.2% $439,500
KURABY 20 $599,000 -9.6% $625,000 7.8% 18.5% $527,500
LOTA 16 N/A N/A $618,000 13.2% 36.6% $452,500
LUTWYCHE 4 N/A N/A $785,000 8.3% 32.5% $592,500
MACGREGOR 13 N/A N/A $750,000 17.2% 40.2% $535,000
MACKENZIE 6 N/A N/A $755,500 9.3% 16.2% $650,000
MANLY 24 $825,000 4.5% $767,500 8.9% 16.3% $660,000
MANLY WEST 54 $581,000 5.2% $570,000 8.6% 14.0% $500,000
MANSFIELD 26 $660,000 5.6% $610,000 10.5% 20.8% $504,800
MCDOWALL 15 N/A N/A $620,000 4.2% 6.9% $580,000
MIDDLE PARK 14 N/A N/A $580,000 6.4% 8.6% $534,000
MILTON 3 N/A N/A $820,000 -1.5% 19.7% $685,000
MITCHELTON 36 $640,500 2.7% $621,000 10.9% 18.8% $522,888
MOGGILL 19 N/A N/A $532,500 7.6% 11.6% $477,000
MOOROOKA 33 $600,000 5.1% $581,000 3.9% 17.4% $495,000
MORNINGSIDE 15 N/A N/A $695,000 7.1% 16.8% $595,000
MOUNT GRAVATT 10 N/A N/A $625,000 8.7% 30.2% $480,000
MOUNT GRAVATT EAST 44 $564,000 -9.8% $590,000 7.3% 24.9% $472,500
MOUNT OMMANEY 2 N/A N/A $822,500 6.0% -0.9% $830,000
MURARRIE 12 N/A N/A $625,000 7.3% 28.9% $485,000
NEW FARM 9 N/A N/A $1,500,000 14.9% 26.6% $1,185,000
NEWMARKET 6 N/A N/A $790,000 5.1% 10.5% $715,000
NORMAN PARK 21 $900,000 8.8% $797,000 3.8% 19.0% $670,000
NORTHGATE 13 N/A N/A $615,000 -0.8% 30.9% $470,000
NUDGEE 8 N/A N/A $560,500 -1.7% 14.2% $491,000
NUNDAH 20 $562,500 -15.0% $685,000 3.0% 19.1% $575,000
OXLEY 25 $515,000 -4.5% $512,500 3.5% 14.7% $447,000
PADDINGTON 28 $945,000 3.3% $947,500 8.6% 17.0% $810,000
PARKINSON 24 $632,000 -0.8% $621,800 7.9% 18.4% $525,000
PULLENVALE ^ 11 N/A N/A $985,000 5.4% -12.9% $1,131,250
RED HILL 19 N/A N/A $805,000 4.2% 22.9% $655,000
RICHLANDS 3 N/A N/A $432,000 7.6% 6.5% $405,500
RIVERHILLS 12 N/A N/A $455,000 2.8% 3.6% $439,000
ROBERTSON 6 N/A N/A $918,000 19.6% 35.0% $680,000
ROCHEDALE 8 N/A N/A $900,600 2.1% 63.7% $550,000
ROCKLEA 7 N/A N/A $390,000 5.4% 17.7% $331,250
RUNCORN 26 $500,000 -7.1% $525,000 4.4% 22.1% $430,000
SALISBURY 22 $556,000 -0.3% $540,000 7.7% 20.0% $450,000
SANDGATE 14 N/A N/A $608,000 16.9% 15.3% $527,500
SEVEN HILLS 8 N/A N/A $742,750 9.2% 24.3% $597,750
SEVENTEEN MILE ROCKS 4 N/A N/A $642,500 11.3% 19.0% $540,000
SHERWOOD 13 N/A N/A $868,000 8.5% 14.2% $760,000
SHORNCLIFFE 5 N/A N/A $677,500 -6.6% 4.2% $650,000
SINNAMON PARK 11 N/A N/A $609,000 -3.7% -3.3% $630,000
SPRING HILL 4 N/A N/A $905,000 0.0% 13.1% $800,000
ST LUCIA 11 N/A N/A $1,050,000 -6.3% -3.7% $1,090,000
STAFFORD 19 N/A N/A $568,750 4.4% 20.4% $472,500
STAFFORD HEIGHTS 29 $583,500 -1.1% $559,000 7.5% 20.2% $465,000
STRETTON 12 N/A N/A $828,000 11.1% 33.5% $620,000
SUNNYBANK 23 $741,500 0.2% $724,000 13.1% 34.3% $539,000
SUNNYBANK HILLS 32 $668,000 5.5% $658,000 11.9% 32.9% $495,000
TAIGUM 12 N/A N/A $476,000 -2.9% 7.0% $445,000
TARINGA 15 N/A N/A $890,000 10.8% 30.9% $680,000
TARRAGINDI 33 $731,108 4.4% $708,250 9.0% 24.3% $570,000
TENERIFFE 2 N/A N/A $1,400,000 -7.3% 7.1% $1,307,500
TENNYSON 4 N/A N/A $645,000 -20.2% 11.7% $577,500
THE GAP 36 $615,000 -1.4% $620,000 5.6% 12.7% $550,000
TINGALPA 28 $494,000 4.8% $483,500 4.0% 13.2% $427,000
TOOWONG 17 N/A N/A $771,000 2.5% 13.4% $680,000
UPPER KEDRON 13 N/A N/A $605,500 7.2% 12.1% $540,000
SALES MARKET - HOUSES (CONT’D)
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
SALES MARKET - HOUSES
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
10 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
SALES MARKET - UNITS & TOWNHOUSES BRISBANE (LGA) 1724 $431,075 -0.9% $440,000 1.2% 6.7% $412,250
ACACIA RIDGE 5 N/A N/A $348,000 0.0% -18.9% $429,000
ALBION 7 N/A N/A $442,500 6.8% 1.0% $438,000
ALDERLEY 16 N/A N/A $442,500 0.5% 10.6% $400,000
ALGESTER 9 N/A N/A $315,000 1.0% -9.2% $347,000
ANNERLEY 23 $415,000 3.1% $412,500 -1.8% 5.5% $391,000
ASCOT 13 N/A N/A $442,000 1.6% 7.8% $410,000
ASHGROVE 12 N/A N/A $457,500 -10.3% 15.1% $397,500
ASPLEY 5 N/A N/A $387,500 3.3% 5.5% $367,250
AUCHENFLOWER 21 $432,500 -3.4% $468,750 2.4% 7.8% $435,000
BALMORAL 6 N/A N/A $520,500 3.0% 11.4% $467,115
BANYO 2 N/A N/A $392,750 -21.5% -26.1% $531,500
BARDON 5 N/A N/A $559,000 -4.0% -6.7% $599,000
BOWEN HILLS 8 N/A N/A $429,250 1.0% 1.9% $421,250
BRACKEN RIDGE 4 N/A N/A $350,000 8.9% -2.0% $357,000
BRIDGEMAN DOWNS 7 N/A N/A $449,999 29.9% 21.8% $369,500
BRISBANE CITY 121 $490,000 3.2% $490,000 -1.4% 4.0% $471,000
BULIMBA 18 N/A N/A $599,500 -1.6% 10.9% $540,500
CALAMVALE 26 $395,450 -3.4% $395,000 3.1% 7.6% $367,000
CAMP HILL 8 N/A N/A $443,625 -2.5% -2.5% $455,000
CANNON HILL 6 N/A N/A $440,450 -2.7% 0.7% $437,500
CARINA 21 $443,500 -0.6% $465,000 2.2% 5.7% $440,000
CARINA HEIGHTS 27 $452,500 -3.6% $473,568 0.8% 15.5% $410,000
CARINDALE 3 N/A N/A $497,500 -2.5% 5.1% $473,500
CARSELDINE 10 N/A N/A $383,500 0.1% -0.4% $385,000
CHERMSIDE 35 $400,000 -9.1% $430,250 7.0% -0.9% $434,000
CLAYFIELD 43 $380,000 0.0% $376,300 -4.0% 5.9% $355,500
COOPERS PLAINS 3 N/A N/A $390,000 4.7% -2.3% $399,000
COORPAROO 37 $381,000 -9.7% $405,000 3.9% 7.7% $376,100
CORINDA 5 N/A N/A $415,000 17.6% -3.5% $430,000
DARRA 1 N/A N/A $349,000 6.6% -22.0% $447,500
DOOLANDELLA 2 N/A N/A $357,500 5.5% 5.5% $339,000
EAST BRISBANE 18 N/A N/A $417,000 -3.6% -7.3% $450,000
EIGHT MILE PLAINS 19 N/A N/A $415,000 -1.2% 7.0% $388,000
ELLEN GROVE 13 N/A N/A $353,000 2.0% 7.0% $330,000
ENOGGERA 7 N/A N/A $350,492 -12.5% -8.4% $382,500
UPPER MOUNT GRAVATT 29 $649,000 15.5% $600,000 7.8% 27.7% $470,000
VIRGINIA 13 N/A N/A $546,000 3.4% 26.7% $431,000
WAKERLEY 29 $715,000 -5.3% $715,000 2.1% 16.3% $615,000
WAVELL HEIGHTS 44 $630,000 -2.7% $630,000 2.4% 18.3% $532,500
WEST END 8 N/A N/A $1,075,000 13.5% 36.9% $785,000
WESTLAKE 10 N/A N/A $635,000 4.1% 1.8% $624,000
WILSTON 8 N/A N/A $974,500 13.7% 14.6% $850,000
WINDSOR 16 N/A N/A $770,000 7.8% 14.9% $670,000
WISHART 21 $684,500 -0.1% $678,000 15.4% 29.1% $525,000
WOOLLOONGABBA 10 N/A N/A $780,000 15.5% 18.2% $660,000
WOOLOOWIN 11 N/A N/A $790,000 16.7% 22.4% $645,500
WYNNUM 53 $555,000 -7.5% $600,000 0.0% 15.7% $518,750
WYNNUM WEST 37 $520,000 2.2% $495,000 4.4% 12.9% $438,500
YEERONGPILLY 6 N/A N/A $610,000 -17.0% -13.5% $705,000
YERONGA 5 N/A N/A $742,500 3.9% 8.0% $687,500
ZILLMERE 29 $447,500 -1.7% $448,250 9.3% 18.1% $379,500
EVERTON PARK 17 N/A N/A $395,000 -7.1% 0.0% $395,000
FAIRFIELD 12 N/A N/A $450,000 4.9% 10.0% $409,000
FITZGIBBON 1 N/A N/A $353,000 0.4% -4.0% $367,808
FORTITUDE VALLEY 30 $437,000 1.6% $449,320 -4.5% 7.2% $419,000
GAYTHORNE 14 N/A N/A $441,500 0.3% 16.2% $380,000
GORDON PARK 3 N/A N/A $375,000 -5.2% 4.7% $358,000
GREENSLOPES 22 $381,500 3.1% $385,000 -0.7% 5.8% $363,750
HAMILTON 26 $535,000 -13.0% $596,500 7.8% 27.2% $469,000
HAWTHORNE 13 N/A N/A $557,500 1.4% 31.2% $425,000
HENDRA 6 N/A N/A $575,000 4.6% 11.7% $515,000
HIGHGATE HILL 13 N/A N/A $534,000 4.7% 17.9% $453,000
HOLLAND PARK WEST 5 N/A N/A $425,000 4.9% 16.4% $365,000
INDOOROOPILLY 26 $521,500 10.3% $492,500 -4.4% 10.7% $445,000
KANGAROO POINT 50 $496,250 -8.1% $512,000 3.2% -1.5% $520,000
KEDRON 13 N/A N/A $455,000 7.1% 33.0% $342,000
KELVIN GROVE 25 $470,000 8.7% $476,000 3.5% 10.4% $431,000
LUTWYCHE 19 N/A N/A $475,000 1.5% 20.1% $395,500
MANLY 4 N/A N/A $461,000 -4.0% 9.8% $420,000
MANLY WEST 4 N/A N/A $370,000 -4.2% -3.9% $385,000
MCDOWALL 1 N/A N/A $470,000 17.5% 22.6% $383,500
MILTON 11 N/A N/A $551,000 6.0% -6.6% $590,000
MITCHELTON 7 N/A N/A $427,500 5.0% 9.8% $389,500
MOOROOKA 18 N/A N/A $426,500 6.0% 1.8% $419,000
MORNINGSIDE 30 $480,000 -4.5% $496,250 4.3% 12.8% $440,000
MOUNT GRAVATT 3 N/A N/A $468,750 5.8% 48.8% $315,000
MOUNT GRAVATT EAST 22 $405,000 -10.0% $450,000 1.1% 16.9% $385,000
MURARRIE 9 N/A N/A $540,000 14.1% -25.6% $725,750
NEW FARM 42 $626,250 9.9% $576,000 -1.5% 8.7% $530,000
NEWMARKET 6 N/A N/A $430,000 0.0% -8.3% $468,750
NEWSTEAD 18 N/A N/A $627,000 11.0% -16.3% $749,550
NORMAN PARK 5 N/A N/A $486,000 -7.4% 1.5% $479,000
NORTHGATE 7 N/A N/A $396,250 -3.4% 14.5% $346,000
NUNDAH 38 $417,500 -7.2% $420,000 6.3% 5.0% $400,000
OXLEY 5 N/A N/A $366,250 6.2% -3.0% $377,495
PADDINGTON 10 N/A N/A $551,250 13.7% 30.1% $423,750
RED HILL 6 N/A N/A $430,000 -4.3% 3.6% $415,000
RICHLANDS 7 N/A N/A $346,900 -0.9% -0.9% $350,000
ROCHEDALE 9 N/A N/A $495,000 16.2% 25.2% $395,500
ROCKLEA 5 N/A N/A $434,500 9.7% 11.7% $389,000
RUNCORN 22 $346,500 -2.4% $353,750 6.9% 7.2% $329,944
SALISBURY 7 N/A N/A $445,000 23.6% 12.7% $395,000
SHERWOOD 7 N/A N/A $445,000 -2.2% 11.3% $400,000
SOUTH BRISBANE 34 $471,000 -4.2% $497,000 4.6% 5.1% $473,000
SPRING HILL 30 $416,750 7.7% $410,000 -3.5% 5.1% $390,000
ST LUCIA 36 $426,000 -6.9% $462,500 -7.3% 4.8% $441,500
STAFFORD 6 N/A N/A $440,000 -0.9% 14.3% $385,000
SUNNYBANK HILLS 12 N/A N/A $360,000 1.4% -4.0% $375,000
TAIGUM 21 $325,000 -5.0% $330,000 -14.3% -5.7% $350,000
TARINGA 36 $456,000 8.6% $432,000 -4.0% 5.5% $409,500
TENERIFFE 33 $585,000 -12.7% $590,000 -0.4% 6.7% $552,823
THE GAP 7 N/A N/A $500,000 1.6% 8.7% $460,000
TINGALPA 10 N/A N/A $365,000 -6.4% 1.2% $360,500
TOOWONG 49 $445,000 -3.3% $452,500 0.6% 10.4% $410,000
UPPER MOUNT GRAVATT 16 N/A N/A $410,000 -9.7% -4.9% $431,000
SALES MARKET - HOUSES (CONT’D)
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
SALES MARKET - UNITS & TOWNHOUSES (CONT’D)
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
Direct Connect makes moving easy for your customers by arranging their utility connections and other moving solutions. We invite you to experience the difference with us today.
CALL US ON 1300 664 715or visit agents.directconnect.com.au
11 MARCH QUARTER 2016
BRISBANE MARKET UPDATES
WAKERLEY 5 N/A N/A $425,000 3.0% 0.0% $425,000
WEST END 28 $550,000 -3.0% $565,000 -1.7% 10.8% $510,000
WINDSOR 18 N/A N/A $463,500 -2.2% 19.8% $387,000
WISHART 6 N/A N/A $385,000 1.1% 6.8% $360,500
WOOLLOONGABBA 15 N/A N/A $432,500 7.9% 1.8% $425,000
WYNNUM 15 N/A N/A $390,000 -14.5% 6.1% $367,500
WYNNUM WEST 11 N/A N/A $341,500 -1.0% -4.5% $357,500
YERONGA 25 $484,000 -1.0% $489,000 5.2% 17.1% $417,500
YEERONGPILLY 2 N/A N/A $431,350 3.4% -4.1% $450,000
ZILLMERE 18 N/A N/A $363,000 -2.6% -1.9% $370,000
RENTAL MARKET - 3 BED HOUSES (CONT’D)POST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 3 BED HOUSESPOST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
BRISBANE (LGA) 148 $362,500 0.0% $376,000 11.6% 26.4% $297,500
BRISBANE (LGA) ^ 5 N/A N/A $893,500 14.2% 75.5% $509,000
BRIDGEMAN DOWNS 13 N/A N/A $390,000 -1.3% -0.6% $392,500
CARINDALE 2 N/A N/A $493,000 1.7% -13.5% $570,000
FITZGIBBON 13 N/A N/A $177,500 -17.4% -17.4% $214,950
HEATHWOOD 39 $296,000 6.1% $281,000 4.9% 15.1% $244,075
KENMORE 4 N/A N/A $476,000 16.1% 33.3% $357,000
KURABY 1 N/A N/A $345,000 2.3% -6.8% $370,000
ROCHEDALE 9 N/A N/A $443,000 0.7% 11.4% $397,500
UPPER KEDRON 5 N/A N/A $335,500 4.8% 13.7% $295,000
BRISBANE CITY $435 3221 $430 3126
BAYSIDE $420 140 $425 147
4178 LINDUM/LYTTON/WYNNUM $425 79 $420 95
4179 LOTA/MANLY $410 61 $430 52
CITY INNER $560 320 $550 309
4000 BRISBANE CITY/SPRING HILL $580 23 $600 22
4005 NEW FARM/TENERIFFE $595 16 $650 22
4006BOWEN HILLS/ VALLEY/ HERSTON/ NEWSTEAD
$540 20 $550 15
4064 MILTON/ PADDINGTON/ ROSALIE $575 83 $570 73
4066 AUCHENFLOWER/ MTCOOTHA/ TOOWONG $540 49 $515 58
4067 IRONSIDE/ ST LUCIA $560 15 $500 25
4101 HIGHGATE HILL/ SOUTH BRIS/ WEST END $625 41 $560 36
4102 BURANDA/ DUTTON PARK/ WOOLOONGABBA $490 31 $510 19
4169 EAST BRIS/ KANGAROO POINT $540 42 $500 39
NORTH - INNER $480 360 $460 334
4007 ASCOT/ HAMILTON $575 21 $550 26
4010 ALBION/ BREAKFAST CREEK $485 8 $480 13
4011 CLAYFIELD/ HENDRA $500 39 $500 40
4012 NUNDAH/ TOOMBUL/ WAVELL HEIGHTS $450 68 $440 55
4030 LUTWYCHE/ WINDSOR/ WOOLOOWIN $500 77 $480 57
4031 GORDON PARK/ KEDRON $450 53 $450 46
4051ALDERLEY/ ENOGERRA/ GAYTHORNE/GRANGE/ NEWMARKET/ WILSTON
$460 93 $465 95
NORTH - OUTER $400 432 $395 397
4013 NORTHGATE $400 14 $380 16
4014 BANYO/ NUDGEE/ VIRGINIA $400 42 $395 40
4017BRACKEN RIDGE/ BRIGHTON/ DEAGON/ SANDGATE
$390 126 $395 96
4018 FITZGIBBON/ TAIGUM $400 33 $380 25
4032 CHERMSIDE/ CRAIGSLEA $420 67 $395 65
4034 ASPLEY/ BOONDAL/ GEEBUNG/ ZILLMERE $400 128 $400 133
4036 BALD HILLS $365 22 $380 22
NORTH WEST - INNER $525 155 $550 153
4059BALLYMORE/ ITHACA/ KELVIN GROVE/ RED HILL
$540 77 $550 79
4060ASHGROVE/ DORRINGTON/ ST JOHNS WOOD
$475 38 $490 32
4065 BARDON/ JUBILEE/ RAINWORTH $550 40 $530 42
NORTH WEST - OUTER $430 262 $430 262
4053BROOKSIDE/ EVERTON PARK/ MCDOWALL/ STAFFORD
$430 174 $420 152
4054 ARANA HILLS/ KEPERRA $420 54 $430 68
4061 THE GAP $430 34 $460 42
SOUTH - INNER $440 396 $430 380
4103 ANNERLEY/ FAIRFIELD $450 56 $465 58
4104 YERONGA $490 18 $470 11
4105 CLIFTON HILL/ MOOROOKA/ TENNYSON $430 48 $410 43
4120 GREENSLOPES/ STONES CORNER $500 25 $450 30
4121EKIBIN/ HOLLAND PARK/ TARRAGINDI/ WELLERS HILL
$450 91 $430 81
4122 MANSFIELD/ MT GRAVATT/ WISHART $415 157 $400 153
SOUTH - OUTER $390 327 $390 298
4106 BRISBANE MARKET/ ROCKLEA $400 9 $360 10
4107 SALISBURY $390 26 $380 24
4108 ARCHERFIELD/ COOPERS PLAINS $380 33 $400 23
4109ALTANDI/ MACGREGOR/ ROBERTSON/ SUNNYBANK
$410 97 $395 102
4110 ACACIA RIDGE/ LARAPINTA/ WILLAWONG $350 50 $340 39
4112 KURABY $355 11 $370 7
4113 EIGHT MILES PLAINS/ RUNCORN $390 71 $395 47
4115 ALGESTER/ PARKINSON $400 17 $390 30
4116 CALAMVALE/ DREWVALE/ STRETTON $420 13 $400 16
SOUTH EAST - INNER $470 317 $470 321
4151 COORPAROO $460 32 $455 58
4152 CAMP HILL/ CARINA/ CARINDALE $450 130 $450 113
4170CANNON HILL/ MORNINGSIDE/ NORMAN PARK
$470 100 $485 96
4171 BALMORAL/ BULIMBA/ HAWTHORNE $530 45 $540 34
4172 MURARRIE $410 10 $425 20
SOUTH EAST - OUTER $410 37 $420 39
4153 BELMONT N.A. 4 N/A 3
4154 GUMDALE/ RANSOME/ WAKERLEY $400 8 $480 7
4173 TINGALPA $410 19 $420 19
4174 DOBOY/ HEMANT $395 6 $420 7
SOUTH WEST - INNER $450 150 $460 139
4068 CHELMER/ INDOOROOPILLY/ TARINGA $480 74 $485 66
4075 CORINDA/ GRACEVILLE/ OXLEY/ SHERWOOD $430 76 $430 73
SOUTH WEST - OUTER $365 325 $365 347
4069 BROOKFIELD/ CHAPEL HILL/ KENMORE $460 52 $465 49
4070 ANSTEAD/ BELLBOWRIE/ MOGGILL $480 5 $400 8
4073 SEVENTEEN MILE ROCKS/ SINNAMON PARK $420 12 $425 22
4074JINDALEE/ MTOMMANEY/ SUMNER/ WESTLAKE
$400 69 $400 59
4076 DARRA/ WACOL $340 28 $340 34
4077 DOOLANDELLA/ DURACK/ INALA/ RICHLANDS $330 64 $320 68
4078 FOREST LAKE/ CAROLE PARK $355 95 $360 107
SALES MARKET - UNITS & TOWNHOUSES (CONT’D)
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
SALES MARKET - VACANT LAND
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
12 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
RENTAL MARKET - 2 BED UNITSPOST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 3 BED TOWNHOUSESPOST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
BRISBANE CITY $425 1947 $415 1896
BAYSIDE $410 68 $400 63
4178 LINDUM/ LYTTON/ WYNNUM $410 44 $400 39
4179 LOTA/ MANLY $415 24 $410 24
CITY INNER $570 111 $580 97
4000 BRISBANE CITY/ SPRING HILL $705 5 N.A. 3
4005 NEW FARM/ TENERIFFE $595 5 $700 5
4006BOWEN HILLS/ VALLEY/ HERSTON/ NEWSTEAD
$520 19 $560 8
4064 MILTON/ PADDINGTON/ ROSALIE $570 17 $630 17
4066 AUCHENFLOWER/ MTCOOTHA/ TOOWONG $540 25 $535 20
4067 IRONSIDE/ ST LUCIA $590 20 $600 26
4101 HIGHGATE HILL/ SOUTH BRIS/ WEST END $630 14 $625 8
4169 EAST BRIS/ KANGAROO POINT $495 5 $465 10
NORTH - INNER $495 147 $490 141
4007 ASCOT/ HAMILTON $600 10 $565 16
4011 CLAYFIELD/ HENDRA $540 16 $600 13
4012 NUNDAH/ TOOMBUL/ WAVELL HEIGHTS $470 24 $465 22
4030 LUTWYCHE/ WINDSOR/ WOOLOOWIN $540 24 $500 16
4031 GORDON PARK/ KEDRON $480 25 $450 26
4051ALDERLEY/ ENOGERRA/ GAYTHORNE/ GRANGE/ NEWMARKET/ WILSTON
$480 44 $485 44
NORTH - OUTER $395 230 $395 232
4013 NORTHGATE $460 8 $410 12
4017BRACKEN RIDGE/ BRIGHTON/ DEAGON/ SANDGATE
$375 41 $375 57
4018 FITZGIBBON/ TAIGUM $395 50 $395 58
4032 CHERMSIDE/ CRAIGSLEA $445 44 $430 32
4034 ASPLEY/ BOONDAL/ GEEBUNG/ ZILLMERE $390 71 $395 61
4036 BALD HILLS $365 15 $286 10
NORTH WEST - INNER $510 21 $550 26
4059BALLYMORE/ ITHACA/ KELVIN GROVE/ RED HILL
$500 10 $550 16
4060ASHGROVE/ DORRINGTON/ ST JOHNS WOOD
$450 6 $500 6
4065 BARDON/ JUBILEE/ RAINWORTH $530 5 N/A 4
NORTH WEST - OUTER $440 95 $430 92
4053BROOKSIDE/ EVERTON PARK/ MCDOWALL/ STAFFORD
$440 75 $430 77
4054 ARANA HILLS/ KEPERRA $385 5 $385 9
4061 THE GAP $530 15 $480 6
SOUTH - INNER $450 199 $435 185
4103 ANNERLEY/ FAIRFIELD $500 38 $500 32
4104 YERONGA $500 21 $450 22
4105 CLIFTON HILL/ MOOROOKA/ TENNYSON $465 35 $440 29
4120 GREENSLOPES/ STONES CORNER $490 24 $470 17
4121EKIBIN/HOLLAND PARK/ TARRAGINDI/ WELLERS HILL
$430 17 $425 14
4122 MANSFIELD/ MT GRAVATT/ WISHART $425 64 $420 71
SOUTH - OUTER $400 390 $395 428
4107 SALISBURY $440 8 $480 15
4109ALTANDI/ MACGREGOR/ ROBERTSON/ SUNNYBANK
$420 66 $410 81
4110 ACACIA RIDGE/ LARAPINTA/ WILLAWONG $350 17 $340 29
4112 KURABY $375 23 $375 34
4113 EIGHT MILES PLAINS/ RUNCORN $420 129 $410 150
4115 ALGESTER/ PARKINSON $375 27 $375 33
4116 CALAMVALE/ DREWVALE/ STRETTON $390 118 $385 83
SOUTH EAST - INNER $485 293 $485 243
4151 COORPAROO $520 31 $500 19
4152 CAMP HILL/ CARINA/ CARINDALE $450 136 $450 117
4170CANNON HILL/ MORNINGSIDE/ NORMAN PARK
$495 83 $500 68
4171 BALMORAL/ BULIMBA/ HAWTHORNE $600 31 $565 26
4172 MURARRIE $490 12 $500 13
SOUTH EAST - OUTER $420 58 $410 60
4153 BELMONT $430 11 $430 11
4154 GUMDALE/ RANSOME/ WAKERLEY $420 24 $415 32
4173 TINGALPA $395 20 $390 15
SOUTH WEST - INNER $470 98 $465 107
4068 CHELMER/ INDOOROOPILLY/ TARINGA $520 46 $530 43
4075CORINDA/ GRACEVILLE/ OXLEY/ SHERWOOD
$400 52 $400 64
BRISBANE CITY $410 5849 $410 5725
BAYSIDE $350 48 $350 37
4178 LINDUM/ LYTTON/ WYNNUM $350 34 $360 27
4179 LOTA/ MANLY $330 14 $345 10
CITY INNER $485 2361 $490 2368
4000 BRISBANE CITY/ SPRING HILL $550 344 $600 339
4005 NEW FARM/ TENERIFFE $520 249 $500 287
4006BOWEN HILLS/ VALLEY/ HERSTON/ NEWSTEAD
$480 352 $495 387
4064 MILTON/ PADDINGTON/ ROSALIE $410 89 $400 75
4066 AUCHENFLOWER/ MTCOOTHA/ TOOWONG $400 336 $410 314
4067 IRONSIDE/ ST LUCIA $420 200 $430 259
4101 HIGHGATE HILL/ SOUTH BRIS/ WEST END $510 462 $520 374
4102 BURANDA/ DUTTON PARK/ WOOLOONGABBA $460 81 $480 80
4169 EAST BRIS/ KANGAROO POINT $480 248 $470 251
NORTH - INNER $375 1115 $370 1184
4007 ASCOT/ HAMILTON $410 189 $420 198
4010 ALBION/ BREAKFAST CREEK $395 36 $410 61
4011 CLAYFIELD/ HENDRA $350 152 $350 156
4012 NUNDAH/ TOOMBUL/ WAVELL HEIGHTS $380 226 $370 274
4030 LUTWYCHE/ WINDSOR/ WOOLOOWIN $390 236 $375 196
4031 GORDON PARK/ KEDRON $350 120 $340 104
4051ALDERLEY/ ENOGERRA/ GAYTHORNE/ GRANGE/ NEWMARKET/ WILSTON
$370 156 $360 195
NORTH - OUTER $360 326 $350 280
4013 NORTHGATE $360 34 $335 36
4014 BANYO/ NUDGEE/ VIRGINIA $290 6 $380 5
4017BRACKEN RIDGE/ BRIGHTON/ DEAGON/ SANDGATE
$340 22 $300 15
4018 FITZGIBBON/ TAIGUM $340 9 $335 8
4032 CHERMSIDE/ CRAIGSLEA $380 157 $365 134
4034 ASPLEY/ BOONDAL/ GEEBUNG/ ZILLMERE $350 97 $340 82
NORTH WEST - INNER $440 303 $455 279
4059BALLYMORE/ ITHACA/ KELVIN GROVE/ RED HILL
$470 212 $500 202
4060ASHGROVE/ DORRINGTON/ ST JOHNS WOOD
$410 69 $410 65
4065 BARDON/ JUBILEE/ RAINWORTH $450 22 $330 12
NORTH WEST - OUTER $385 138 $365 109
4053BROOKSIDE/ EVERTON PARK/ MCDOWALL/ STAFFORD
$385 137 $365 108
SOUTH - INNER $375 579 $360 514
4103 ANNERLEY/ FAIRFIELD $350 144 $350 128
4104 YERONGA $353 50 $350 43
4105 CLIFTON HILL/ MOOROOKA/ TENNYSON $380 71 $370 85
4120 GREENSLOPES/ STONES CORNER $360 127 $360 110
4121EKIBIN/HOLLAND PARK/ TARRAGINDI/ WELLERS HILL
$350 41 $340 39
4122 MANSFIELD/ MT GRAVATT/ WISHART $430 142 $395 105
SOUTH - OUTER $335 61 $315 82
4106 BRISBANE MARKET/ ROCKLEA $290 5 $295 5
4108 ARCHERFIELD/ COOPERS PLAINS $290 7 N/A 4
4109ALTANDI/ MACGREGOR/ ROBERTSON/ SUNNYBANK
$400 30 $380 42
4113 EIGHT MILES PLAINS/ RUNCORN $390 6 $395 8
4115 ALGESTER/ PARKINSON N.A. 4 $285 15
SOUTH EAST - INNER $385 479 $380 499
4151 COORPAROO $365 187 $360 200
4152 CAMP HILL/ CARINA/CARINDALE $370 59 $370 60
4170CANNON HILL/ MORNINGSIDE/ NORMAN PARK
$395 115 $400 122
4171 BALMORAL/ BULIMBA/ HAWTHORNE $425 110 $450 115
SOUTH EAST - OUTER $290 6 $325 7
4173 TINGALPA $290 6 $325 7
SOUTH WEST - INNER $395 402 $390 349
4068 CHELMER/ INDOOROOPILLY/ TARINGA $400 338 $390 298
4075 CORINDA/ GRACEVILLE/ OXLEY/ SHERWOOD $360 64 $390 51
SOUTH WEST - OUTER $325 31 $330 17
4069 BROOKFIELD/ CHAPEL HILL/ KENMORE 310 6 330 7
4074JINDALEE/ MTOMMANEY/ SUMNER/WESTLAKE
350 5 N/A 1
4076 DARRA/ WACOL 275 7 N/A 1
4078 FOREST LAKE/ CAROLE PARK 330 8 340 7
13 MARCH QUARTER 2016
BRISBANE MARKET UPDATES
SOUTH WEST - OUTER $360 237 $365 222
4069 BROOKFIELD/ CHAPEL HILL/ KENMORE $550 5 N/A 3
4073SEVENTEEN MILE ROCKS/ SINNAMON PARK
$410 16 $420 9
4074JINDALEE/ MTOMMANEY/ SUMNER/WESTLAKE
$405 15 $440 22
4076 DARRA/ WACOL $385 22 $375 37
4077DOOLANDELLA/ DURACK/ INALA/ RICHLANDS
$350 152 $355 120
4078 FOREST LAKE/ CAROLE PARK $365 26 $350 31
RENTAL MARKET - 3 BED TOWNHOUSES (CONT’D)POST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
33
145
165 161
51
96
137
73
13
50
71
19
<$250k $250K+ $350K+ $500k+
BRISBANE LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
1,266
461
70 46
924
331
45 37
413
192
35 17
<$250k $250K+ $350K+ $500k+
BRISBANE SURROUNDS LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
431
137
39 17 17
293
118
23 21 19
89
25 17 7 7
<$250k $250K+ $350K+ $500k+ $1M+
GOLD COAST LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
171
8 3
109
8 5
35
3 9
<$250k $250K+ $350K+
TOOWOOMBA LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
196 213
65
30 6
113
147
48
22 12
76
51
24 8 2
<$250k $250K+ $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
150
3 5
114
5 3
87
2 1
<$250k $250K+ $350K+
FRASER COAST LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
86
1 2
59
6 3
39
0 1
<$250k $250K+ $350K+
BUNDABERG LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
25
5
2
17
0 2
13
0 0
<$250k $250K+ $350K+
GLADSTONE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
96
7 1
89
2 3
39
2 0
<$250k $250K+ $350K+
ROCKHAMPTON & LIVINGSTONE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
45
5 2
32
7
2
24
1 1
<$250k $250K+ $350K+
MACKAY LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
173
13 5
109
8 9
36
3 3
<$250k $250K+ $350K+
TOWNSVILLE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
142
30
12
112
30
9
66
11 5
<$250k $250K+ $350K+
CAIRNS & DOUGLAS LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
112
511
1,612
920
114 56
450
1,294
743
92 60
285
785
490
50
<$250k $250K+ $350K+ $500k+ $1M+
BRISBANE UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
336
448 431
120
11
282
393
286
88
11
203
266
147
60
6
<$250k $250K+ $350K+ $500k+ $1M+
BRISBANE SURROUNDS UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
411
1,002 913
715
163
322
843 831
630
146 189
590 580
431
103
<$250k $250K+ $350K+ $500k+ $1M+
GOLD COAST UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
35
92
28
7
26
62
27
8
24
50
17
8
<$250k $250K+ $350K+ $500k+
TOOWOOMBA UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
103
288
330
211
42
125
271 283
233
45
80
189
228
159
28
<$250k $250K+ $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
56
24
7 4
42
27
6 2
29
19
8
2
<$250k $250K+ $350K+ $500k+
FRASER COAST UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
21 22
5 3
22 22
6
2
25
18
3 1
<$250k $250K+ $350K+ $500k+
BUNDABERG UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
7
5
9
3
14
6
4
2
7
5 5 5
<$250k $250K+ $350K+ $500k+
GLADSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
9
11
19
9
16 17
9
14
19
13
7
1
<$250k $250K+ $350K+ $500k+
ROCKHAMPTON & LIVINGSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
15
11
3 3
22
8
14
5
15
5 4
0
<$250k $250K+ $350K+ $500k+
MACKAY UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
63
37
23 20
52
43 37
17
44
34
14
3
<$250k $250K+ $350K+ $500k+
TOWNSVILLE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
291
101
67 50
11
247
91
55 39
9
167
44 34 27 3
<$250k $250K+ $350K+ $500k+ $1M+
CAIRNS & DOUGLAS UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
150
940
2,860
512
121
788
2,797
540
89
580
1,751
277
<$350K $350K+ $500k+ $1M+
BRISBANE HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
1,723
2,076
939
46
1,405
1,917
918
38
1,077
1,476
715
25
<$350K $350K+ $500k+ $1M+
BRISBANE SURROUNDS HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
37
750
1,064
198
30
588
985
176
41
471
739
141
<$350K $350K+ $500k+ $1M+
GOLD COAST HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
307
252
82
272 242
85
192 162
46
<$350K $350K+ $500k+
TOOWOOMBA HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
109
604
707
80 95
532
630
87 71
373
503
48
<$350K $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
286
136
18
302
96
18
214
62
14
<$350K $350K+ $500k+
FRASER COAST HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
230
58
12
198
62
15
136
42
3
<$350K $350K+ $500k+
BUNDABERG HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
68
54
13
58
44
17
38
28
7
<$350K $350K+ $500k+
GLADSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
195
94
18
202
76
34
168
59
27
<$350K $350K+ $500k+
ROCKHAMPTON & LIVINGSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
107 95
25
130
85
28
92
64
13
<$350K $350K+ $500k+
MACKAY HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
308
223
66
266
224
81
221
134
44
<$350K $350K+ $500k+
TOWNSVILLE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
201
338
178 159
312
150 155
213
97
<$350K $350K+ $500k+
CAIRNS & DOUGLAS HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
14 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
GREATER BRISBANE
The Brisbane Statistical Division reported a moderate increase in the house median sale price over the past 12 months to March 2016. Units, on the other hand, reported a slight reduction over the year of about 0.7 per cent.
Over the March quarter, the house median sale price for Greater Brisbane reduced by four per cent from$500,000 to $480,000, while the unit median sale price reduced by 1.3 per cent from $400,000 to $395,000. This reduction resulted from an extension in the cyclical market contraction post-Christmas.
Greater Brisbane is an attractive residential property market for interstate and international investors with gross rental yields sitting between 4-5.7 per cent depending on the location and property features and vacancy rates sitting generally below 2.5 per cent. Affordability along with location just a few kilometres away from the third capital city in Australia continues to attract buyer interest.
Overall, the performance of the house residential market in Greater Brisbane remains positive showing a moderate and gradual increase of 7.8 per cent over the medium-term. This trend provides the confidence to buyers of a stable and sound market.
The performance of the unit market is more volatile; however it remains positive over the medium-term with a median sale price increasing by 3.9 per cent from$385,000 in March 2011 to $400,000 in March 2016.
The REIQ remains optimistic that the economic fundamentals in Greater Brisbane are sound and will support a stable, moderate and gradual performance in the residential property market over the years to come.
HOUSE MARKET
Redland and Logan had moderate positive performance in median sale price during the March quarter. In Ipswich, the median sale price for the quarter remained relatively stable at slightly above $320,000. However, Moreton Bay reported a contraction in the March quarter median sale price of 1.2 per cent from $420,000 to $415,000.
Based on preliminary data for the March quarter, the level of activity contracted across all different areas during the quarter. On an annual basis, the level of activity in Greater Brisbane showed a positive performance with the volume of sales increasing by 298 sales or 10.2 per cent in Ipswich, 389 sales or 9.8 per cent in Logan, 202 sales or 3.1 per cent in Moreton Bay, and 21 sales or 0.8 per cent in Redland.
Redland and Moreton Bay have taking the lead as the strongest performance in the medium-term with a five year increase in the median sale price of 6.5 per cent and 5.1 per cent, respectively.
Moreton Bay and Logan have both recorded a reduction in the vendor discount from about mid-five per cent in February 2015 to low-five per cent in February 2016. Days on market across all the areas is sitting well below three months and showing a strong performance in the State.
UNIT MARKET
The unit market in Greater Brisbane contracted over the March quarter with all the areas showing a reduction in the median sale price. Ipswich recorded the largest contraction in the quarter of 21 per cent, with the median sale price reducing from $300,000 to $237,000. Suburbs like Brassall, Bundamba and Goodna contributed to this contraction.
The market activity, measured by the volume of sales, reduced across all areas in Greater Brisbane over the quarter. On an annual basis, the volume of activity reduced for all areas, except for the Redland unit market.
The largest activity in Greater Brisbane remains between $250,000 and $350,000 median sale price for units.
Logan recorded the largest reduction in the average days on market, reducing from 97 days in February 2015 to 87 days in February 2016. Other areas reported average days on market between three to four months, which sits around the average sale period for Queensland.
The vendor discount reduced or stayed stable across all areas over the past 12 months to February 2016. The largest vendor discount was reported in Ipswich at 6.9 per cent compared to the lowest vendor discount of 5.2 per cent in Redland.
RENTAL MARKET
The average vacancy rate in Greater Brisbane has been sitting generally between the healthy range over the past eight years. Pine Rivers in Moreton Bay is the only area reporting a sharp increase in the vacancy rates over the past six months, which is now sitting around 3.3 per cent.
The gross rental yields for houses fluctuate between four and five per cent in March 2016. Ipswich reported the largest gross yields for both houses and units.
The median weekly for three-bedroom houses, two-bedroom units and three-bedroom townhouses remained steady or reported a minor reduction over the past 12 months. This is a clear indication that the rental market remains stable and supply keeps meeting the market demand.
15 MARCH QUARTER 2016
BRISBANE MARKET UPDATES
MARSDEN 50 $350,000 -2.8% $345,000 4.9% 4.9% $328,750
MEADOWBROOK 7 N/A N/A $381,500 0.4% -1.2% $386,000
MOUNT WARREN PARK 16 N/A N/A $361,000 5.6% -1.6% $367,000
MUNRUBEN ^ 6 N/A N/A $524,000 6.0% 4.0% $504,000
NEW BEITH ^ 7 N/A N/A $562,500 2.8% 6.1% $530,000
REGENTS PARK 31 $370,000 -2.6% $375,000 5.6% 2.7% $365,000
ROCHEDALE SOUTH 36 $470,000 -2.6% $468,000 6.4% 15.0% $407,000
SHAILER PARK 39 $532,000 5.2% $520,225 6.2% 11.3% $467,500
SLACKS CREEK 22 $303,500 -9.4% $320,000 4.9% 6.7% $300,000
SPRINGWOOD 29 $475,000 -2.6% $467,000 6.1% 13.9% $410,000
TANAH MERAH 18 N/A N/A $410,000 3.2% 5.1% $390,000
UNDERWOOD 25 $485,000 -3.0% $499,999 3.1% 12.4% $445,000
WATERFORD 19 N/A N/A $398,000 9.0% 2.1% $389,750
WATERFORD WEST 16 N/A N/A $340,000 8.3% 6.6% $319,000
WINDAROO 11 N/A N/A $420,000 -3.5% 2.4% $410,000
WOODRIDGE 42 $310,000 1.6% $300,000 13.2% 11.1% $270,000
MORETON BAY (LGA) 1398 $415,000 -1.2% $415,000 5.1% 5.1% $395,000
MORETON BAY (LGA) ^ 162 $600,000 0.0% $600,000 2.6% 1.9% $589,000
ALBANY CREEK 59 $558,750 -0.2% $565,000 11.9% 8.7% $520,000
ARANA HILLS 28 $521,500 2.8% $498,250 1.7% 14.0% $437,000
BANKSIA BEACH 29 $489,000 -7.7% $525,000 8.3% 9.4% $480,000
BEACHMERE 20 $317,500 0.8% $315,000 -2.3% -8.7% $345,000
BELLARA 19 N/A N/A $319,500 -4.1% -3.9% $332,500
BELLMERE 19 N/A N/A $340,000 1.5% -4.2% $354,750
BONGAREE 28 $395,000 -8.8% $410,000 7.6% -3.5% $425,000
BRAY PARK 57 $388,500 -1.7% $390,000 4.0% 8.5% $359,450
BUNYA ^ 2 N/A N/A $807,000 3.8% -3.4% $835,000
BURPENGARY 23 $385,000 -1.3% $386,000 5.5% 4.9% $368,000
BURPENGARY ^ 11 N/A N/A $550,000 -0.9% 4.7% $525,500
BURPENGARY EAST 12 N/A N/A $424,000 4.7% -30.5% $609,750
BURPENGARY EAST ^ 15 N/A N/A $565,000 7.6% 5.5% $535,500
CABOOLTURE 90 $324,000 0.2% $310,000 6.9% 0.0% $310,000
CABOOLTURE ^ 11 N/A N/A $512,500 9.0% 8.4% $473,000
CABOOLTURE SOUTH 27 $270,000 -3.6% $272,000 0.7% -3.7% $282,500
CASHMERE 20 $590,500 2.7% $610,000 -8.3% 15.1% $530,000
CLONTARF 36 $403,750 -2.7% $413,000 8.3% 14.7% $360,000
DAKABIN 8 N/A N/A $450,000 0.0% 4.7% $430,000
DECEPTION BAY 86 $340,000 2.7% $330,000 5.8% 6.5% $310,000
EATONS HILL 35 $579,500 7.3% $548,000 -0.4% 7.0% $512,375
ELIMBAH ^ 5 N/A N/A $507,000 5.6% 3.5% $490,000
EVERTON HILLS 19 N/A N/A $524,025 5.9% 11.5% $470,000
FERNY HILLS 33 $508,250 -1.3% $512,250 9.1% 12.0% $457,500
GRIFFIN 19 N/A N/A $438,550 0.8% 7.0% $410,000
JOYNER 5 N/A N/A $465,000 -12.6% -1.1% $470,000
KALLANGUR 89 $352,950 -3.8% $362,000 3.4% 4.3% $347,000
KIPPA-RING 34 $412,250 3.1% $392,500 5.9% 12.1% $350,000
LAWNTON 14 N/A N/A $364,500 3.6% 5.7% $345,000
MANGO HILL 25 $466,000 -3.6% $460,716 1.3% 4.7% $440,000
MARGATE 28 $420,000 6.6% $412,250 7.1% 8.5% $380,000
MORAYFIELD 65 $340,000 2.6% $332,000 4.7% 2.2% $325,000
MORAYFIELD ^ 10 N/A N/A $541,250 1.0% -1.6% $550,000
MURRUMBA DOWNS 26 $535,000 15.2% $470,000 3.3% 9.3% $430,000
NARANGBA 71 $453,500 1.3% $445,000 5.5% 6.0% $420,000
NARANGBA ^ 5 N/A N/A $680,000 7.9% 19.8% $567,500
NEWPORT 14 N/A N/A $867,000 12.2% 7.7% $805,000
NINGI 13 N/A N/A $365,000 -1.0% -15.1% $430,000
NINGI ^ 12 N/A N/A $525,000 3.6% 12.9% $465,000
NORTH LAKES 89 $460,000 -1.1% $460,000 2.0% 2.2% $450,000
PETRIE 31 $415,000 4.7% $396,500 1.5% 4.1% $381,000
REDCLIFFE 31 $441,000 7.8% $400,000 5.0% 5.3% $380,000
ROTHWELL 21 $410,500 2.6% $399,000 1.0% 5.0% $380,000
SAMFORD VALLEY ^ 10 N/A N/A $880,000 -0.1% 7.1% $822,000
SANDSTONE POINT 16 N/A N/A $395,000 6.3% 0.0% $395,000
SCARBOROUGH 32 $457,500 -7.1% $470,000 2.2% 7.1% $439,000
STRATHPINE 23 $380,000 2.7% $360,180 -1.5% 2.9% $350,000
TOORBUL 7 N/A N/A $302,500 10.0% -12.9% $347,500
UPPER CABOOLTURE 10 N/A N/A $340,000 4.6% 1.2% $336,000
UPPER CABOOLTURE ^ 4 N/A N/A $545,000 3.3% 5.8% $515,000
BRISBANE (SD) 6207 $480,000 -4.0% $485,000 2.1% 7.8% $450,000
BRISBANE (SD) ^ 461 $595,000 0.9% $599,000 4.2% 5.1% $570,000
IPSWICH (LGA) 618 $321,500 -0.2% $320,000 1.9% 1.6% $315,000
IPSWICH (LGA) ^ 39 $504,999 3.1% $490,000 4.3% -2.5% $502,500
AUGUSTINE HEIGHTS 17 N/A N/A $515,000 -0.4% -1.6% $523,500
BELLBIRD PARK 22 $329,000 -4.6% $330,000 -0.2% 5.6% $312,500
BASIN POCKET 9 N/A N/A $230,000 2.9% 3.4% $222,500
BOOVAL 16 N/A N/A $280,000 7.3% -2.4% $287,000
BRASSALL 32 $327,000 1.9% $325,000 3.2% -3.0% $335,000
BUNDAMBA 18 N/A N/A $285,000 1.8% 1.8% $280,000
CAMIRA 18 N/A N/A $351,000 1.3% 1.7% $345,000
COALFALLS 7 N/A N/A $299,500 6.2% -6.4% $320,000
COLLINGWOOD PARK 24 $318,000 2.6% $317,250 3.7% 0.1% $317,000
DEEBING HEIGHTS 10 N/A N/A $375,000 -3.5% -31.2% $545,000
EAST IPSWICH 8 N/A N/A $275,000 5.2% 0.9% $272,500
EASTERN HEIGHTS 15 N/A N/A $272,500 1.7% 0.8% $270,425
FLINDERS VIEW 21 $370,000 14.7% $362,000 3.7% 0.6% $360,000
GAILES 4 N/A N/A $248,500 3.5% -2.2% $254,000
GOODNA 29 $313,000 5.2% $295,000 3.5% 0.0% $295,000
IPSWICH 9 N/A N/A $300,500 1.2% -8.5% $328,500
KARALEE ^ 10 N/A N/A $541,250 8.3% 5.1% $515,000
LEICHHARDT 14 N/A N/A $224,500 0.9% -5.5% $237,500
NEWTOWN 5 N/A N/A $299,000 -6.2% -8.8% $328,000
NORTH BOOVAL 9 N/A N/A $275,000 17.0% 0.0% $275,000
NORTH IPSWICH 20 $301,250 15.9% $275,000 5.8% -5.8% $292,000
ONE MILE 7 N/A N/A $235,000 -3.1% -5.7% $249,250
RACEVIEW 43 $303,250 -5.2% $308,000 1.0% -1.0% $311,000
REDBANK 5 N/A N/A $300,500 3.6% -3.1% $310,000
REDBANK PLAINS 78 $324,000 3.9% $315,000 3.0% 5.0% $300,000
RIPLEY 9 N/A N/A $342,000 11.8% 3.4% $330,750
RIVERVIEW 8 N/A N/A $239,900 11.6% 4.3% $230,000
ROSEWOOD 13 N/A N/A $262,500 -2.8% -3.8% $273,000
SADLIERS CROSSING 3 N/A N/A $325,000 10.2% 10.2% $295,000
SILKSTONE 18 N/A N/A $287,000 12.6% 7.6% $266,750
SPRINGFIELD 20 $420,000 5.1% $405,000 5.7% 6.6% $380,000
SPRINGFIELD LAKES 45 $412,000 -3.4% $415,000 1.0% 4.5% $397,000
WOODEND 9 N/A N/A $280,000 -16.2% -15.4% $331,075
WULKURAKA 6 N/A N/A $315,150 13.4% 0.8% $312,500
YAMANTO 12 N/A N/A $393,250 -4.1% 12.4% $350,000
LOGAN (LGA) 808 $370,000 0.5% $365,000 4.3% 2.0% $358,000
LOGAN (LGA) ^ 169 $550,000 3.8% $540,000 4.9% 6.9% $505,000
BEENLEIGH 35 $317,500 2.6% $310,500 3.5% -5.5% $328,500
BETHANIA 9 N/A N/A $311,250 7.3% 2.0% $305,000
BORONIA HEIGHTS 34 $352,000 10.0% $320,000 0.0% 3.2% $310,000
BROWNS PLAINS 17 N/A N/A $325,000 8.3% 4.8% $310,000
CEDAR GROVE ^ 5 N/A N/A $430,000 2.4% 9.6% $392,500
CEDAR VALE ^ 15 N/A N/A $461,500 6.1% 4.8% $440,500
CHAMBERS FLAT ^ 5 N/A N/A $560,000 8.7% 32.1% $424,000
CORNUBIA ^ 7 N/A N/A $761,250 5.7% 2.9% $740,000
CORNUBIA 24 $548,500 12.5% $489,000 -7.7% 1.9% $480,000
CRESTMEAD 39 $322,500 0.8% $310,000 5.1% 0.0% $310,000
DAISY HILL 28 $455,000 1.1% $450,000 0.0% 3.8% $433,500
EAGLEBY 47 $299,000 8.7% $280,000 6.5% -1.2% $283,500
EDENS LANDING 27 $367,000 9.6% $345,000 1.5% -2.1% $352,500
FORESTDALE ^ 9 N/A N/A $763,750 14.9% 18.0% $647,500
GREENBANK ^ 19 N/A N/A $560,000 6.4% 10.9% $505,000
HERITAGE PARK 23 $410,000 -1.8% $428,000 8.4% 9.0% $392,500
HILLCREST 18 N/A N/A $350,000 6.0% 2.3% $342,000
HOLMVIEW 8 N/A N/A $357,500 6.7% 13.1% $316,000
JIMBOOMBA 14 N/A N/A $374,500 1.4% -2.3% $383,500
JIMBOOMBA ^ 28 $470,000 -5.9% $470,000 3.3% -1.1% $475,000
KINGSTON 18 N/A N/A $295,000 6.9% 6.2% $277,750
LOGAN CENTRAL 9 N/A N/A $305,000 13.0% 10.9% $275,000
LOGAN RESERVE 7 N/A N/A $379,000 6.8% 8.5% $349,250
LOGAN VILLAGE ^ 7 N/A N/A $503,750 2.8% 3.9% $485,000
LOGANHOLME 32 $375,000 -2.9% $386,000 6.5% 5.8% $365,000
LOGANLEA 27 $340,000 -2.9% $345,000 9.7% 9.2% $316,000
SALES MARKET - HOUSES (CONT’D)
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
SALES MARKET - HOUSES
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
16 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
WAMURAN ^ 8 N/A N/A $552,500 5.6% 3.3% $535,000
WARNER 38 $512,500 4.7% $485,000 0.9% 2.1% $475,000
WARNER ^ 4 N/A N/A $810,000 7.6% 24.8% $649,000
WOODY POINT 13 N/A N/A $475,000 17.5% 18.2% $402,000
REDLAND (LGA) 545 $499,000 1.9% $490,000 3.2% 6.5% $460,000
REDLAND (LGA) ^ 21 $920,000 7.6% $860,000 2.9% 7.8% $797,500
ALEXANDRA HILLS 63 $430,000 -3.4% $428,000 4.4% 4.4% $410,000
BIRKDALE 47 $547,500 7.4% $514,000 4.4% 14.2% $450,000
CAPALABA 60 $447,500 2.3% $437,500 -0.5% 7.8% $406,000
CAPALABA ^ 3 N/A N/A $846,000 1.9% 8.5% $780,000
CLEVELAND 46 $597,000 8.6% $576,000 10.8% 10.8% $520,000
MACLEAY ISLAND 13 N/A N/A $230,000 15.0% -9.8% $255,000
MOUNT COTTON 30 $497,000 4.5% $483,000 1.7% 2.8% $469,900
ORMISTON 31 $579,000 -17.3% $639,500 7.9% 8.4% $590,000
REDLAND BAY 61 $523,000 -8.3% $520,000 0.0% 6.1% $490,000
RUSSELL ISLAND 19 N/A N/A $174,000 3.6% -15.1% $205,000
THORNESIDE 6 N/A N/A $477,500 0.5% 2.7% $465,000
THORNLANDS 44 $540,000 -1.8% $550,000 8.0% 1.8% $540,400
THORNLANDS ^ 3 N/A N/A $950,000 11.0% 11.4% $852,500
VICTORIA POINT 54 $529,000 4.8% $511,000 6.5% 8.7% $470,000
WELLINGTON POINT 51 $565,000 1.0% $566,000 1.3% 4.8% $540,000
SURROUNDS
LOCKYER VALLEY (LGA) 39 $250,000 0.9% $250,000 2.0% -9.1% $275,000
LOCKYER VALLEY (LGA)^ 63 $350,000 -4.1% $350,000 -0.1% 1.4% $345,000
GATTON 19 N/A N/A $258,000 -0.2% -10.6% $288,750
KENSINGTON GROVE ^ 6 N/A N/A $355,000 -3.4% 0.0% $355,000
LAIDLEY 14 N/A N/A $235,000 0.0% -7.8% $255,000
LAIDLEY HEIGHTS ^ 3 N/A N/A $276,750 -8.1% -17.4% $335,000
REGENCY DOWNS ^ 8 N/A N/A $300,000 -0.8% -6.4% $320,500
SCENIC RIM (LGA) 76 $349,250 -1.6% $360,000 -1.0% -5.3% $380,000
SCENIC RIM (LGA) ^ 53 $505,000 4.1% $507,500 2.3% 8.6% $467,250
BEAUDESERT 15 N/A N/A $320,000 -3.0% -6.0% $340,250
BOONAH 19 N/A N/A $277,500 8.8% 0.5% $276,000
KOORALBYN ^ 6 N/A N/A $343,000 12.5% 7.2% $320,000
TAMBORINE ^ 14 N/A N/A $525,000 -0.9% -2.8% $540,000
TAMBORINE MOUNTAIN 27 $435,000 -10.8% $450,000 2.3% 1.1% $445,000
TAMBORINE MOUNTAIN ^ 10 N/A N/A $740,000 14.7% 1.4% $730,000
SOMERSET (LGA) 36 $227,250 1.0% $247,000 -0.2% -8.2% $269,000
SOMERSET (LGA) ^ 38 $350,000 -4.1% $360,000 -5.3% 0.0% $360,000
FERNVALE 9 N/A N/A $335,000 -0.5% -0.7% $337,500
KILCOY 4 N/A N/A $215,000 -6.5% -17.3% $260,000
LOWOOD 7 N/A N/A $250,000 5.5% -4.8% $262,500
BRISBANE (SD) 2423 $395,000 -1.3% $400,000 -0.7% 3.9% $385,000
IPSWICH (LGA) 54 $237,000 -21.0% $300,000 0.0% 3.8% $289,000
BRASSALL 2 N/A N/A $248,500 -5.5% -15.8% $295,000
BROOKWATER 7 N/A N/A $522,000 45.4% 41.8% $368,000
BUNDAMBA 4 N/A N/A $305,950 2.0% 102.3% $151,250
GOODNA 3 N/A N/A $310,000 0.0% 29.7% $239,000
REDBANK PLAINS 7 N/A N/A $231,500 1.0% -26.5% $315,000
SPRINGFIELD LAKES 2 N/A N/A $384,900 0.8% 87.8% $205,000
LOGAN (LGA) 188 $245,000 -3.5% $250,000 0.0% -9.4% $276,000
BEENLEIGH 12 N/A N/A $207,000 10.7% -12.8% $237,500
BORONIA HEIGHTS 6 N/A N/A $250,000 6.4% 39.7% $179,000
DAISY HILL 2 N/A N/A $315,000 7.9% 0.8% $312,500
EAGLEBY 15 N/A N/A $218,000 1.2% -29.7% $310,000
EDENS LANDING 10 N/A N/A $215,500 3.9% -14.5% $252,000
HILLCREST 3 N/A N/A $229,000 1.8% -13.2% $263,750
KINGSTON 5 N/A N/A $275,000 -1.8% -18.5% $337,500
LOGAN CENTRAL 9 N/A N/A $190,000 0.8% -15.2% $224,000
MARSDEN 2 N/A N/A $332,000 0.6% 2.6% $323,500
MEADOWBROOK 2 N/A N/A $259,500 1.4% -3.7% $269,500
MOUNT WARREN PARK 8 N/A N/A $215,000 0.0% -2.3% $220,000
ROCHEDALE SOUTH 10 N/A N/A $280,000 1.8% 2.4% $273,500
SHAILER PARK 8 N/A N/A $275,000 -1.8% -13.2% $317,000
SLACKS CREEK 9 N/A N/A $219,500 4.5% -6.2% $234,000
SPRINGWOOD 9 N/A N/A $266,000 -4.0% -4.5% $278,500
UNDERWOOD 5 N/A N/A $390,000 2.6% 1.4% $384,500
WATERFORD WEST 19 N/A N/A $213,000 9.2% -5.5% $225,500
WOODRIDGE 20 $200,000 0.0% $195,000 4.6% -8.0% $212,000
MORETON BAY (LGA) 331 $310,000 -7.2% $335,750 0.2% -0.4% $337,000
ALBANY CREEK 9 N/A N/A $410,000 -1.7% 2.8% $399,000
BELLARA 7 N/A N/A $282,000 35.9% 156.4% $110,000
BONGAREE 12 N/A N/A $307,500 0.8% -12.1% $350,000
BRENDALE 19 N/A N/A $270,000 -11.6% -3.7% $280,500
BURPENGARY 6 N/A N/A $277,500 -10.4% -11.9% $315,000
CABOOLTURE 22 $152,500 -15.3% $193,000 -7.7% -29.8% $275,000
CLONTARF 10 N/A N/A $341,000 -18.3% 1.8% $335,000
DECEPTION BAY 18 N/A N/A $240,000 1.7% -27.3% $330,000
KALLANGUR 17 N/A N/A $305,000 -8.1% -1.6% $310,000
KIPPA-RING 12 N/A N/A $280,000 2.7% -16.4% $335,000
LAWNTON 9 N/A N/A $225,500 -8.0% -34.6% $345,000
MANGO HILL 6 N/A N/A $367,500 0.7% -2.6% $377,500
MARGATE 9 N/A N/A $370,000 2.1% 2.4% $361,500
MORAYFIELD 8 N/A N/A $225,000 -18.2% -29.7% $320,000
MURRUMBA DOWNS 7 N/A N/A $345,000 1.5% -0.9% $348,000
NORTH LAKES 13 N/A N/A $372,000 3.9% 10.1% $338,000
PETRIE 2 N/A N/A $332,000 -1.2% -6.2% $354,000
REDCLIFFE 33 $337,000 -9.4% $360,000 2.9% -12.3% $410,650
SCARBOROUGH 19 N/A N/A $426,250 10.7% 4.6% $407,500
STRATHPINE 6 N/A N/A $272,500 4.8% -5.4% $288,000
WOODY POINT 19 N/A N/A $395,000 23.4% -5.7% $419,000
WOORIM 10 N/A N/A $317,500 -9.8% -3.8% $330,000
REDLAND (LGA) 126 $370,000 -0.7% $394,000 1.0% 11.0% $355,000
BIRKDALE 8 N/A N/A $400,000 10.2% 23.1% $325,000
CAPALABA 34 $314,000 -9.7% $346,700 -8.8% 15.6% $300,000
CLEVELAND 28 $375,000 3.3% $385,000 -11.2% -0.6% $387,250
ORMISTON 12 N/A N/A $379,500 2.9% 0.1% $379,000
THORNESIDE 7 N/A N/A $322,000 6.8% 9.2% $295,000
THORNLANDS 3 N/A N/A $395,000 0.3% -16.8% $475,000
VICTORIA POINT 12 N/A N/A $360,000 0.0% 5.9% $340,000
WELLINGTON POINT 6 N/A N/A $454,900 0.0% 26.4% $360,000
SALES MARKET - HOUSES (CONT’D)
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
SALES MARKET - UNITS & TOWNHOUSES
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
FALLING
STEADY
STABILISING RECOVERING
STEADY
RISING
BRISBANE HOUSE MARKET March Qtr 2016
Brisbane Moreton Bay Logan Redland
Ipswich
Source: REIQ Based on the last 4 quarters median sale price change
FALLING
STEADY
STABILISING RECOVERING
STEADY
RISING
BRISBANE UNITS MARKETS March Qtr 2016
Source: REIQ
Brisbane Redland
Moreton Bay Logan
Ipswich
17 MARCH QUARTER 2016
BRISBANE MARKET UPDATES
BRISBANE (SD) 702 $225,000 2.7% $220,000 1.2% 7.3% $205,000
BRISBANE (SD) ^ 108 $280,000 0.2% $275,000 1.9% -3.9% $286,250
IPSWICH (LGA) 89 $191,000 5.0% $180,900 0.5% 1.1% $179,000
IPSWICH (LGA) ^ 18 N/A N/A $243,500 -1.5% -4.9% $255,950
BELLBIRD PARK 13 N/A N/A $219,950 3.5% -8.4% $240,000
BRASSALL 11 N/A N/A $178,750 -3.4% 0.3% $178,250
KARALEE ^ 5 N/A N/A $280,000 3.7% 6.4% $263,250
LEICHHARDT 6 N/A N/A $149,900 0.8% -15.5% $177,475
REDBANK PLAINS 12 N/A N/A $160,000 3.9% -8.6% $175,000
RIPLEY 7 N/A N/A $173,500 2.1% N/A N/A
SOUTH RIPLEY 10 N/A N/A $178,000 -1.1% N/A N/A
SPRINGFIELD LAKES 4 N/A N/A $202,000 0.0% 10.4% $183,000
LOGAN (LGA) 128 $207,444 7.8% $183,689 0.9% -12.5% $210,000
LOGAN (LGA) ^ 42 $286,000 2.5% $270,000 3.9% 3.8% $260,000
BUCCAN ^ 9 N/A N/A $290,000 1.8% -27.1% $398,000
CORNUBIA 2 N/A N/A $365,000 4.3% 62.2% $225,000
CRESTMEAD 2 N/A N/A $205,000 -2.4% 0.0% $205,000
HOLMVIEW 7 N/A N/A $183,850 2.8% -14.4% $214,900
JIMBOOMBA 3 N/A N/A $158,950 -6.4% -14.5% $186,000
JIMBOOMBA ^ 3 N/A N/A $259,500 7.2% 18.0% $220,000
LOGAN RESERVE 1 N/A N/A $176,500 7.2% N/A N/A
LOGAN VILLAGE 3 N/A N/A $255,000 2.0% 4.1% $245,000
LOGANLEA 5 N/A N/A $207,500 6.4% -7.8% $225,000
MARSDEN 2 N/A N/A $210,700 12.1% 7.0% $197,000
NEW BEITH ^ 11 N/A N/A $295,000 1.7% 12.8% $261,500
WATERFORD 4 N/A N/A $199,750 14.6% 5.1% $190,000
YARRABILBA 61 $183,500 3.0% $171,150 6.6% 18.0% $145,000
MORETON BAY (LGA) 157 $235,800 1.3% $235,000 5.6% 15.0% $204,400
MORETON BAY (LGA) ^ 40 $275,000 0.0% $275,000 0.0% -19.1% $340,000
BANKSIA BEACH 2 N/A N/A $462,000 14.1% 7.4% $430,000
BURPENGARY 0 N/A N/A $230,000 7.0% -9.8% $255,000
CABOOLTURE 9 N/A N/A $189,000 5.6% -2.6% $194,000
CABOOLTURE ^ 20 $275,000 1.9% $265,000 1.9% -3.6% $275,000
DAKABIN 7 N/A N/A $225,000 4.7% 7.1% $210,000
GRIFFIN 17 N/A N/A $249,000 9.9% 19.4% $208,500
KALLANGUR 4 N/A N/A $235,000 6.8% 12.4% $209,016
MANGO HILL 24 $256,000 -3.4% $256,000 8.9% -1.5% $260,000
MORAYFIELD 5 N/A N/A $183,500 1.4% -5.4% $194,000
NARANGBA 17 N/A N/A $214,600 4.2% -2.5% $220,000
NORTH LAKES 3 N/A N/A $281,000 15.2% 33.3% $210,750
WARNER 19 N/A N/A $256,100 9.0% 10.4% $232,000
REDLAND (LGA) 180 N/D N/D $225,000 -15.1% -6.3% $240,000
BIRKDALE 2 N/A N/A $310,000 0.3% 3.3% $300,000
MACLEAY ISLAND 18 N/A N/A $30,000 -6.3% -41.7% $51,500
MOUNT COTTON 11 N/A N/A $263,000 -0.8% 0.0% $263,000
REDLAND BAY 20 $300,000 1.4% $295,000 4.0% -1.3% $299,000
RUSSELL ISLAND 102 $20,000 8.1% $18,800 1.6% -46.3% $35,000
THORNLANDS 10 N/A N/A $310,000 8.8% 8.8% $285,000
WELLINGTON POINT 1 N/A N/A $403,500 11.7% 23.6% $326,500
SURROUNDS
LOCKYER VALLEY (LGA) 13 N/A N/A $125,500 25.5% -2.7% $129,000
LOCKYER VALLEY (LGA) ^ 19 N/A N/A $135,000 1.1% -4.3% $141,000
KENSINGTON GROVE ^ 4 N/A N/A $152,750 2.9% 6.8% $143,000
SCENIC RIM (LGA) 7 N/A N/A $182,900 2.2% -3.7% $190,000
SCENIC RIM (LGA) ^ 8 N/A N/A $202,500 -22.7% 9.5% $185,000
GLENEAGLE 1 N/A N/A $184,450 2.5% 7.2% $172,000
SOMERSET (LGA) 9 N/A N/A $140,000 -1.8% 8.5% $129,000
FERNVALE 5 N/A N/A $152,000 2.0% 6.3% $143,000
SALES MARKET - VACANT LAND
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
150
940
2,860
512
121
788
2,797
540
89
580
1,751
277
<$350K $350K+ $500k+ $1M+
BRISBANE HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
1,723
2,076
939
46
1,405
1,917
918
38
1,077
1,476
715
25
<$350K $350K+ $500k+ $1M+
BRISBANE SURROUNDS HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
37
750
1,064
198
30
588
985
176
41
471
739
141
<$350K $350K+ $500k+ $1M+
GOLD COAST HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
307
252
82
272 242
85
192 162
46
<$350K $350K+ $500k+
TOOWOOMBA HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
109
604
707
80 95
532
630
87 71
373
503
48
<$350K $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
286
136
18
302
96
18
214
62
14
<$350K $350K+ $500k+
FRASER COAST HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
230
58
12
198
62
15
136
42
3
<$350K $350K+ $500k+
BUNDABERG HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
68
54
13
58
44
17
38
28
7
<$350K $350K+ $500k+
GLADSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
195
94
18
202
76
34
168
59
27
<$350K $350K+ $500k+
ROCKHAMPTON & LIVINGSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
107 95
25
130
85
28
92
64
13
<$350K $350K+ $500k+
MACKAY HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
308
223
66
266
224
81
221
134
44
<$350K $350K+ $500k+
TOWNSVILLE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
201
338
178 159
312
150 155
213
97
<$350K $350K+ $500k+
CAIRNS & DOUGLAS HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
FALLING
STEADY
STABILISING RECOVERING
STEADY
RISING
BRISBANE HOUSE MARKET March Qtr 2016
Brisbane Moreton Bay Logan Redland
Ipswich
Source: REIQ Based on the last 4 quarters median sale price change
FALLING
STEADY
STABILISING RECOVERING
STEADY
RISING
BRISBANE UNITS MARKETS March Qtr 2016
Source: REIQ
Brisbane Redland
Moreton Bay Logan
Ipswich
FALLING
STEADY
STABILISING RECOVERING
STEADY
RISING
BRISBANE HOUSE MARKET March Qtr 2016
Brisbane Moreton Bay Logan Redland
Ipswich
Source: REIQ Based on the last 4 quarters median sale price change
FALLING
STEADY
STABILISING RECOVERING
STEADY
RISING
BRISBANE UNITS MARKETS March Qtr 2016
Source: REIQ
Brisbane Redland
Moreton Bay Logan
Ipswich
18 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
4510
CABOOLTURE/ BEACHMERE/ DONNYBROOK/ BALINGOOL/ BELLMERE/ MELEDALE/ MOODLU/ ROCKSBERG/ TOORBUL
$300 145 $295 167
4511GODWIN BEACH/ NINGI/ SANDSTONE PT/ TOORBUL PT
$335 16 $345 18
4514
WOODFORD/ BELLTHORPE/ BRACALBA/ CEDARTON/ D'AGUILAR/ DELANEYS CK/ NEURUM/ STANMORE/ STONEY CK/ VILLENEUVE
$330 8 $325 17
REDLAND CITY COUNCIL AREA $390 308 $390 303
4157 CAPALABA/ SHELDON $400 33 $390 36
4158 THORNSIDE $395 8 $395 8
4159 BIRKDALE/ AQUATIC PARADISE/ MERIDIAN PT $370 25 $400 29
4160 ORMISTON/ WELLINGTON PT/ EROBIN $410 34 $385 28
4161 ALEXANDRA HILLS/ BURWOOD HTS $390 38 $395 54
4163 CLEVELAND/ RABY BAY $420 31 $400 28
4164 THORNLANDS/ PINKLANDS $420 17 $420 7
4165MT COTTON/ PT HALLORAN/ PT TALBURPIN/ REDLAND BAY/ VICTORIA PT
$400 43 $400 49
4183 AMITY PT/ DUNWICH/ PT LOOKOUT $350 9 $330 5
4184COOCHIEMUDLO IS/ KARRAGARRA IS/ LAMB IS/ MACLEAY IS/ PEEL IS/ RUSSELL IS
$250 70 $250 59
LOCKYER VALLEY REGIONAL $290 88 $280 96
4341 BLENHEIM $285 31 $275 46
4342 CROWLEY VALE $280 17 $290 37
4343 ADARE $300 36 $270 5
SOMERSET REGIONAL $285 62 $270 67
4311 ATKINSONS DAM $300 29 $280 33
4312 BRYDEN $260 10 $260 12
4313 BIARRA $230 8 $240 11
4515 GLENFERN $285 15 $310 11
RENTAL MARKET - 3 BED HOUSES (CONT’D)POST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 3 BED HOUSESPOST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
IPSWICH CITY $310 717 $300 797
4300GOODNA/ BELLBIRD PK/ CAMIRA/ SPRINGFIELD
$350 176 $350 202
4301REDBANK/ REDBANK PLNS/ COLLINGWOOD PK
$320 100 $310 95
4303 DINMORE/ RIVERVIEW $275 17 $275 23
4304BOOVAL/ BLACKSTONE/ BUNDAMBA/ EBBW VALE/ SILKSTONE
$290 86 $285 103
4305
IPSWICH/ BRASSALL/ BREMER/ CHURCHILL/ FLINDERS VIEW/ LEICHARDT/ RACEVIEW/ TIVOLI/ YAMANTO ETC
$295 269 $290 285
4306AMBERLEY/ FERNVALE/ KARANA DOWNS/ MT CROSBY/ PEAK CROSSING/ SWANBANK/ WILLOWBANK ETC
$340 42 $290 66
4340ROSEWOOD/ ASHWELL/ CALVERT/ EBENEZER/ GRANDCHESTER/ MOORANG/ MT FORBES/ ROSEVALE ETC
$290 24 $290 21
LOGAN CITY $340 865 $347 857
4114KINGSTON/ LOGAN CITY/ TRINDER PK/ WOODRIDGE
$320 172 $320 147
4118BROWNS PLAINS/BROWNSLEIGH/ FORESTDALE/ HERITAGE PK/ HILLCREST/ REGENTS PK
$350 71 $345 89
4119 UNDERWOOD $380 14 $365 10
4123 PRIESTS GULLY/ ROCHEDALE $385 32 $395 71
4124 BORONIA HTS/ GREENBANK/ NEW BEITH $340 47 $340 37
4125 MUNRUBEN/ PARK RIDGE $420 5 $400 8
4127CHATSWOOD HILLS/ DAISY HILL/ PREISTDALE/ SLACKS CK/ SPRINGWOOD
$360 89 $380 85
4128KIMBERLEY PK/ LOGAN HYPERDOME/ SHAILER PK/ TANAH MERAH
$375 28 $385 35
4129 LOGANDALE/ LOGANHOLME $360 13 $360 14
4130 CARBROOK/ CORNUBIA $400 8 $395 12
4131 LOGANLEA/ MEADOWBROOK $350 28 $350 21
4132 CRESTMEAD/ MARSDEN $335 98 $340 97
4133CHAMBERS FLAT/ LOGAN RESERVE/ WATERFORD
$360 49 $360 27
4205 BETHANIA $330 20 $330 18
4207 BEENLEIGH/ EAGLBY/ MT WARREN PK $340 175 $330 167
MORETON BAY REGIONAL $350 976 $350 1043
REDCLIFFE REGION $360 206 $360 205
4019CLONTARF/ HUMPYBONG/ MARGATE/ SCOTTS PT/ WOODY PT
$360 88 $360 92
4020REDCLIFFE/ SCARBOROUGH/ NEWPORT WATERS/ SUTTONS BCH
$355 69 $360 72
4021 KIPPA-RING $375 29 $350 21
4022 ROTHWELL $350 20 $345 20
PINE RIVERS REGION $370 367 $370 393
4035ALBANY CK/ BRIDGEMAN DOWNS/ CASHS CROSSING
$430 33 $420 26
4037 EATONS HILL $450 5 $440 7
4055BUNYA/ FERNY GROVE/ FERNY HILLS/ KEDRON UPPER
$410 32 $450 31
4500BRAY PK/ BRENDALE/ CASHMERE/ CLEAR MOUNTAIN/ JOYNER/ STRATHPINE/ WARNER
$370 71 $370 83
4501 LAWNTON $345 19 $350 23
4502 FRENCHS FOREST/ PETRIE $335 19 $340 18
4503DAKABIN/ DOHLES ROCKS/ GRIFFIN/ KALLANGUR/ KURWONGBAH
$350 104 $350 105
4509 MANGO HILL $385 71 $380 80
4520CAMP MOUNTAIN/ CEDAR CK/ MT GLORIOUS/ MT NEBO/ MT SAMSON/ SAMFORD/ YUGAR
$460 6 $450 11
4521DAYBORO/ MT MEE/ MT PLEASANT/ OCEAN VIEW/ RUSH CK
$375 7 $385 9
CABOOLTURE REGION $320 403 $315 445
4504 NARANGBA $360 20 $360 31
4505 BURPENGARY $350 25 $340 30
4506 MORAYFIELD/ MOORINA $320 59 $300 54
4507BANKSIA BEACH/ BELLARA/ BONGAREE/ BRIBIE IS/ WOORIM
$350 44 $340 32
4508 DECEPTION BAY $320 81 $310 91
112
511
1,612
920
114 56
450
1,294
743
92 60
285
785
490
50
<$250k $250K+ $350K+ $500k+ $1M+
BRISBANE UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
336
448 431
120
11
282
393
286
88
11
203
266
147
60
6
<$250k $250K+ $350K+ $500k+ $1M+
BRISBANE SURROUNDS UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
411
1,002 913
715
163
322
843 831
630
146 189
590 580
431
103
<$250k $250K+ $350K+ $500k+ $1M+
GOLD COAST UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
35
92
28
7
26
62
27
8
24
50
17
8
<$250k $250K+ $350K+ $500k+
TOOWOOMBA UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
103
288
330
211
42
125
271 283
233
45
80
189
228
159
28
<$250k $250K+ $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
56
24
7 4
42
27
6 2
29
19
8
2
<$250k $250K+ $350K+ $500k+
FRASER COAST UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
21 22
5 3
22 22
6
2
25
18
3 1
<$250k $250K+ $350K+ $500k+
BUNDABERG UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
7
5
9
3
14
6
4
2
7
5 5 5
<$250k $250K+ $350K+ $500k+
GLADSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
9
11
19
9
16 17
9
14
19
13
7
1
<$250k $250K+ $350K+ $500k+
ROCKHAMPTON & LIVINGSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
15
11
3 3
22
8
14
5
15
5 4
0
<$250k $250K+ $350K+ $500k+
MACKAY UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
63
37
23 20
52
43 37
17
44
34
14
3
<$250k $250K+ $350K+ $500k+
TOWNSVILLE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
291
101
67 50
11
247
91
55 39
9
167
44 34 27 3
<$250k $250K+ $350K+ $500k+ $1M+
CAIRNS & DOUGLAS UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
19 MARCH QUARTER 2016
BRISBANE MARKET UPDATES
RENTAL MARKET - 3 BED TOWNHOUSESPOST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
IPSWICH CITY $260 187 $260 166
4300GOODNA/ BELLBIRD PK/ CAMIRA/ SPRINGFIELD
$270 39 $260 34
4301REDBANK/ REDBANK PLNS/ COLLINGWOOD PK
$265 40 $275 31
4304BOOVAL/ BLACKSTONE/ BUNDAMBA/ EBBW VALE/ SILKSTONE
$250 21 $255 22
4305IPSWICH/ BRASSALL/ BREMER/ CHURCHILL/ FLINDERS VIEW/ LEICHARDT/ RACEVIEW/ TIVOLI/ YAMANTO ETC
$260 77 $255 74
4306AMBERLEY/ FERNVALE/ KARANA DOWNS/ MT CROSBY/ PEAK CROSSING/ SWANBANK/ WILLOWBANK ETC
$265 8 N/A 3
LOGAN CITY $270 207 $270 218
4114KINGSTON/ LOGAN CITY/ TRINDER PK/ WOODRIDGE
$255 76 $270 84
4123 PRIESTS GULLY/ ROCHEDALE $295 7 $300 11
4127CHATSWOOD HILLS/ DAISY HILL/ PREISTDALE/ SLACKS CK/ SPRINGWOOD
$330 20 $300 26
4128KIMBERLEY PK/ LOGAN HYPERDOME/ SHAILER PK/ TANAH MERAH
$300 5 $290 5
4131 LOGANLEA/ MEADOWBROOK $290 13 N/A N/A
4132 CRESTMEAD/ MARSDEN $300 9 N/A 3
4133CHAMBERS FLAT/ LOGAN RESERVE/ WATERFORD
$265 13 $295 12
4207 BEENLEIGH/ EAGLBY/ MT WARREN PK $260 53 $260 63
MORETON BAY REGIONAL $285 432 $280 431
REDCLIFFE REGION $290 157 $290 152
4019CLONTARF/ HUMPYBONG/ MARGATE/ SCOTTS PT/ WOODY PT
$275 74 $285 68
4020REDCLIFFE/ SCARBOROUGH/ NEWPORT WATERS/ SUTTONS BCH
$300 78 $305 79
PINE RIVERS REGION $295 113 $290 101
4500BRAY PK/ BRENDALE/ CASHMERE/ CLEAR MOUNTAIN/ JOYNER/ STRATHPINE/ WARNER
$300 24 $300 25
4501 LAWNTON $280 5 $290 10
4502 FRENCHS FOREST/ PETRIE $285 5 $280 5
4503DAKABIN/ DOHLES ROCKS/ GRIFFIN/
KALLANGUR/ KURWONGBAH$280 40 $280 41
4509 MANGO HILL $330 35 $320 15
CABOOLTURE REGION $270 162 $260 178
4505 BURPENGARY $275 11 $290 9
4506 MORAYFIELD/ MOORINA $270 23 $265 16
4507BANKSIA BEACH/ BELLARA/ BONGAREE/ BRIBIE IS/ WOORIM
$280 31 $265 44
4508 DECEPTION BAY $285 9 $270 16
4510CABOOLTURE/ BEACHMERE/ DONNYBROOK/ BALINGOOL/ BELLMERE/ MELEDALE/ MOODLU/ ROCKSBERG/ TOORBUL
$260 87 $260 89
REDLAND CITY $350 65 $325 62
4157 CAPALABA/ SHELDON $340 14 $180 12
4160 ORMISTON/ WELLINGTON PT/ EROBIN $245 5 $325 5
4163 CLEVELAND/ RABY BAY $365 33 $350 30
LOCKYER VALLEY REGIONAL $225 18 $230 15
4343 ADARE $225 16 $235 13
IPSWICH CITY $320 193 $315 113
4300GOODNA/ BELLBIRD PK/ CAMIRA/ SPRINGFIELD
$345 76 $340 32
4301REDBANK/ REDBANK PLNS/ COLLINGWOOD PK
$320 32 $310 17
4304BOOVAL/ BLACKSTONE/ BUNDAMBA/ EBBW VALE/ SILKSTONE
$305 58 $310 35
4305IPSWICH/ BRASSALL/ BREMER/ CHURCHILL/ FLINDERS VIEW/ LEICHARDT/ RACEVIEW/ TIVOLI/ YAMANTO ETC
$300 27 $300 29
LOGAN CITY $340 363 $330 444
4114KINGSTON/ LOGAN CITY/ TRINDER PK/ WOODRIDGE
$310 37 $315 51
4118BROWNS PLAINS/BROWNSLEIGH/ FORESTDALE/ HERITAGE PK/ HILLCREST/ REGENTS PK
$350 53 $350 61
4119 UNDERWOOD $350 12 $410 9
4123 PRIESTS GULLY/ ROCHEDALE $330 5 $365 13
4124 BORONIA HTS/ GREENBANK/ NEW BEITH $345 6 N/A 2
4127CHATSWOOD HILLS/ DAISY HILL/ PREISTDALE/ SLACKS CK/ SPRINGWOOD
$330 36 $325 44
4128KIMBERLEY PK/ LOGAN HYPERDOME/ SHAILER PK/ TANAH MERAH
$365 14 $340 12
4131 LOGANLEA/ MEADOWBROOK $350 24 $340 33
4132 CRESTMEAD/ MARSDEN $340 55 $340 68
4133CHAMBERS FLAT/ LOGAN RESERVE/ WATERFORD
$330 18 $325 28
4205 BETHANIA $345 12 $340 16
4207 BEENLEIGH/EAGLBY/ MT WARREN PK $330 86 $320 98
MORETON BAY REGIONAL $345 627 $340 618
CABOOLTURE REGION $315 145 $310 139
4504 NARANGBA $350 7 $350 7
4505 BURPENGARY $315 26 $310 25
4506 MORAYFIELD/ MOORINA $310 9 $300 17
4507BANKSIA BEACH/ BELLARA/ BONGAREE/ BRIBIE IS/ WOORIM
$345 6 $300 10
4508 DECEPTION BAY $310 63 $310 53
4510CABOOLTURE/ BEACHMERE/ DONNYBROOK/ BALINGOOL/ BELLMERE/ MELEDALE/ MOODLU/ ROCKSBERG/ TOORBUL
$300 20 $300 27
4511GODWIN BEACH/ NINGI/ SANDSTONE PT/ TOORBUL PT
$350 13
PINE RIVERS REGION $350 411 $345 410
4035ALBANY CK/ BRIDGEMAN DOWNS/ CASHS CROSSING
$390 36 $380 36
4500BRAY PK/ BRENDALE/ CASHMERE/ CLEAR MOUNTAIN/ JOYNER/ STRATHPINE/ WARNER
$355 74 $350 51
4501 LAWNTON $350 19 $335 11
4502 FRENCHS FOREST/ PETRIE $335 13 $345 34
4503DAKABIN/ DOHLES ROCKS/ GRIFFIN/ KALLANGUR/ KURWONGBAH
$340 168 $340 197
4509 MANGO HILL $355 100 $355 79
REDCLIFFE REGION $335 71 $340 69
4019CLONTARF/ HUMPYBONG/ MARGATE/ SCOTTS PT/ WOODY PT
$355 9 $350 10
4020REDCLIFFE/ SCARBOROUGH/ NEWPORT WATERS/ SUTTONS BCH
$370 15 $350 15
4021 KIPPA-RING $330 45 $325 41
REDLAND CITY $395 164 $395 114
4157 CAPALABA/ SHELDON $390 12 $365 13
4158 THORNSIDE $380 12 $380 17
4160 ORMISTON/ WELLINGTON PT/ EROBIN $435 43 $385 20
4163 CLEVELAND/ RABY BAY $395 41 $420 34
4164 THORNLANDS/ PINKLANDS $395 37 N/A 3
4165MT COTTON/ PT HALLORAN/ PT TALBURPIN/ REDLAND BAY/ VICTORIA PT
$390 13 $390 14
RENTAL MARKET - 2 BED UNITSPOST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
33
145
165 161
51
96
137
73
13
50
71
19
<$250k $250K+ $350K+ $500k+
BRISBANE LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
1,266
461
70 46
924
331
45 37
413
192
35 17
<$250k $250K+ $350K+ $500k+
BRISBANE SURROUNDS LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
431
137
39 17 17
293
118
23 21 19
89
25 17 7 7
<$250k $250K+ $350K+ $500k+ $1M+
GOLD COAST LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
171
8 3
109
8 5
35
3 9
<$250k $250K+ $350K+
TOOWOOMBA LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
196 213
65
30 6
113
147
48
22 12
76
51
24 8 2
<$250k $250K+ $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
150
3 5
114
5 3
87
2 1
<$250k $250K+ $350K+
FRASER COAST LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
86
1 2
59
6 3
39
0 1
<$250k $250K+ $350K+
BUNDABERG LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
25
5
2
17
0 2
13
0 0
<$250k $250K+ $350K+
GLADSTONE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
96
7 1
89
2 3
39
2 0
<$250k $250K+ $350K+
ROCKHAMPTON & LIVINGSTONE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
45
5 2
32
7
2
24
1 1
<$250k $250K+ $350K+
MACKAY LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
173
13 5
109
8 9
36
3 3
<$250k $250K+ $350K+
TOWNSVILLE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
142
30
12
112
30
9
66
11 5
<$250k $250K+ $350K+
CAIRNS & DOUGLAS LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
20 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
GOLD COASTThe Gold Coast residential property market is one of the strongest in Queensland, reporting the largest annual increase in median sale price for houses of 5.8 per cent and the second largest increase in a five-year period of 10.2 per cent.
The annual volume of sales to March for both houses and units showed a moderate upward trend, demonstrating an improvement in the level of activity which has not been common across other Queensland regions outside the southeast corner.
The positive performance is not a surprise with large amount of investment injected in the area ahead of the hosting of the 2018 Commonwealth Games. Recent Government announcements indicate that the Commonwealth Games will add about 30,000 full-time equivalent jobs and generate more than $2 billion in economic benefits.
The Commonwealth Games is playing a critical role improving the infrastructure in the region. For example, the State Government has recently announced a $25 million investment in the electricity network to ensure reliability of the electricity supply during the Games and also in the long-term for the city. Another important project is the $420 million Gold Coast light rail extension, which is expected to generate an increase of about 1000 jobs during construction.
The entertainment industry has also benefited from the Commonwealth Games. The recently built $15.5 million mega sound stage is currently attracting international interest.
The Games have brought economic benefits and employment to the region and the event is having a positive impact on the residential property market. The medium to long-term challenge post-2018 will be to maintain the current level of employment.
HOUSE MARKET
The median sale price for the March quarter remained relatively steady, reaching $557,500. The largest volume of activity in the region sits in the price range of $500,000 to $1 million.
Over a 12 month period to March 2016, the median sale price increased by 5.8 per cent to $550,000. The suburbs showing the best performance in a year were Mermaid Beach, Bundall and Hope Island, with an annual median sale price of $1,225,000, $927,500 and $630,000, respectively.
The annual sales activity for houses reported an increase of 167 more houses sold or the equivalent to 2.3 per cent.
The average days on market at 68 days in February 2016 remained in the low-end range of Queensland. The average vendor discount reduced from six per cent in February 2015 to 5.4 per cent in February 2016 – a clear symptom of an active market experiencing moderate to strong buyer demand.
UNIT MARKET
The unit market in the Gold Coast increased moderately over the 12 months to March from $365,000 to $372,000. And even the quarterly price was relatively stable. Over the medium term, the median sale price showed a slight reduction from $375,000 to $372,000.
The largest volume of activity in the unit market sits in the $250,000 to $500,000 median sale price range. The annual volume of sales to March 2016 (compared with March 2015), reported a minor increase of 53 more houses sold.
A few financial institutions have classified some of the Gold Coast suburbs as potentially having an oversupply of new and established apartments. The minimum deposit requirement for these so-called “riskier suburbs” is now 30 per cent compared to a standard deposit requirement of 20 per cent.
The average days on market is sitting below three months and the average vendor discount reduced from 6.5 per cent in February 2015 to 5.7 per cent in February 2016.
RENTAL MARKET
The rental market performance, measured using the vacancy rates, has generally remained above 1.5 per cent over the past three years.
The outlook for the market is positive over the next two years, considering the influx of temporary employees to support the Commonwealth Games.
The median weekly rent for three-bedroom houses, two-bedroom units and three-bedroom townhouses have all risen between $15 and $25 per week. This has supported the slight increase in gross rental yields for houses from 4.2 per cent in December to 4.3 per cent in March and in units from 5.3 per cent in December to 5.5 per cent in March.
21
REGIONAL MARKET UPDATES
MARCH QUARTER 2016
GOLD COAST (LGA) 1452 $557,500 0.5% $550,000 5.8% 10.2% $499,000
GOLD COAST (LGA) ^ 138 $723,750 -0.9% $730,000 5.0% 5.0% $695,000
ARUNDEL 36 $535,000 3.4% $530,000 6.0% 14.0% $465,000
ASHMORE 43 $535,500 -4.7% $525,000 6.4% 14.1% $460,000
BENOWA 26 $728,500 6.4% $765,000 2.0% 2.0% $750,000
BIGGERA WATERS 16 N/A N/A $651,000 11.3% 44.7% $450,000
BONOGIN ^ 12 N/A N/A $695,000 7.9% 2.2% $680,000
BROADBEACH WATERS 41 $950,000 -2.6% $857,000 0.9% 13.5% $755,000
BUNDALL 16 N/A N/A $927,500 18.8% -3.0% $956,000
BURLEIGH HEADS 24 $800,000 21.2% $703,950 13.2% 21.4% $580,000
BURLEIGH WATERS 43 $660,500 -2.0% $688,194 13.8% 25.1% $550,000
CARRARA 28 $535,000 11.3% $503,500 10.1% 17.1% $430,000
CLEAR ISLAND WATERS 14 N/A N/A $1,000,000 17.7% 33.0% $752,000
COOLANGATTA 6 N/A N/A $762,000 3.0% 26.5% $602,500
COOMBABAH 29 $425,000 -6.6% $437,182 1.7% 2.9% $425,000
COOMERA 24 $414,500 -7.1% $447,000 12.5% 11.8% $400,000
CURRUMBIN 8 N/A N/A $780,000 -15.3% 30.0% $600,000
CURRUMBIN VALLEY ^ 4 N/A N/A $768,000 -11.7% 2.1% $752,500
CURRUMBIN WATERS 29 $532,500 -8.2% $570,000 9.6% 16.3% $490,000
ELANORA 38 $600,250 4.2% $573,500 7.2% 9.2% $525,000
GILSTON 8 N/A N/A $540,000 12.2% 5.9% $510,000
HELENSVALE 59 $577,250 3.5% $550,000 10.0% 12.2% $490,000
HIGHLAND PARK 22 $477,500 -2.6% $477,500 13.7% 11.4% $428,750
HOLLYWELL 23 $610,000 16.5% $617,500 0.4% 10.3% $560,000
HOPE ISLAND 28 $652,500 7.0% $630,000 17.8% 8.2% $582,500
JACOBS WELL 5 N/A N/A $420,000 5.0% -0.9% $424,000
LABRADOR 25 $485,250 -1.0% $480,000 7.9% 12.9% $425,000
LOWER BEECHMONT 3 N/A N/A $365,250 -3.9% -8.1% $397,500
MAUDSLAND 7 N/A N/A $466,000 1.1% 1.3% $460,000
MERMAID BEACH 7 N/A N/A $1,225,000 23.1% 8.2% $1,132,500
MERMAID WATERS 32 $720,000 -5.3% $760,000 5.9% 23.6% $615,000
MERRIMAC 15 N/A N/A $467,500 5.1% 12.7% $415,000
MIAMI 12 N/A N/A $648,000 10.4% 21.1% $535,000
MOLENDINAR 11 N/A N/A $560,000 7.7% 11.2% $503,495
MUDGEERABA 36 $515,000 1.0% $504,999 2.0% 9.4% $461,500
MUDGEERABA ^ 5 N/A N/A $700,500 8.7% 2.6% $682,500
NERANG 63 $399,000 -5.1% $402,500 5.8% 7.9% $373,000
NERANG ^ 5 N/A N/A $790,000 9.7% 5.3% $750,000
ORMEAU 58 $450,000 -2.2% $445,000 3.5% 1.1% $440,000
ORMEAU HILLS 19 N/A N/A $485,000 6.1% 3.2% $470,000
OXENFORD 43 $463,750 -1.9% $463,000 3.9% 2.3% $452,500
PACIFIC PINES 57 $527,500 6.6% $486,500 4.6% 5.8% $460,000
PALM BEACH 48 $695,500 5.1% $675,000 12.5% 23.9% $545,000
PARADISE POINT 21 $900,000 -8.2% $900,000 5.9% 8.1% $832,500
PARKWOOD 25 $540,000 -0.9% $540,000 7.5% 12.2% $481,250
PIMPAMA 14 N/A N/A $430,000 0.1% 11.4% $386,000
REEDY CREEK 16 N/A N/A $707,500 11.4% 10.8% $638,750
ROBINA 72 $625,000 0.0% $616,500 8.2% 14.6% $538,000
RUNAWAY BAY 29 $1,040,000 6.1% $937,500 9.0% 21.8% $770,000
SOUTHPORT 55 $555,000 3.0% $530,000 11.6% 14.0% $465,000
SURFERS PARADISE 22 $1,392,500 4.7% $1,250,000 5.3% -2.0% $1,275,000
TALLAI ^ 9 N/A N/A $850,000 12.6% 14.1% $745,000
TALLEBUDGERA ^ 8 N/A N/A $807,500 15.8% 5.2% $767,500
TALLEBUDGERA VALLEY ^ 8 N/A N/A $750,000 -0.7% 2.0% $735,000
TUGUN 16 N/A N/A $520,000 6.3% 16.9% $445,000
UPPER COOMERA 127 $457,500 4.5% $437,000 5.3% 5.4% $414,500
VARSITY LAKES 34 $592,500 6.8% $551,000 7.3% 14.8% $480,000
WONGAWALLAN ^ 9 N/A N/A $628,000 -16.3% -2.6% $645,000
WORONGARY 9 N/A N/A $425,000 3.8% 4.9% $405,000
WORONGARY ^ 7 N/A N/A $730,000 7.4% 16.8% $625,000
GOLD COAST (LGA) 1936 $375,000 -0.3% $372,000 1.9% -0.8% $375,000
ARUNDEL 11 N/A N/A $321,000 3.6% -1.2% $325,000
ASHMORE 16 N/A N/A $304,000 7.5% -1.9% $310,000
BENOWA 17 N/A N/A $537,000 -18.0% 9.6% $490,000
BIGGERA WATERS 69 $350,000 -24.0% $427,000 3.5% 23.8% $345,000
BILINGA 10 N/A N/A $480,000 17.1% -9.9% $532,500
BROADBEACH 105 $440,000 -1.8% $438,250 -4.7% -8.2% $477,500
BROADBEACH WATERS 15 N/A N/A $445,000 15.6% 9.9% $404,750
BUNDALL 4 N/A N/A $320,000 -4.7% -3.0% $330,000
BURLEIGH HEADS 74 $416,000 8.1% $410,000 1.2% 6.1% $386,250
BURLEIGH WATERS 34 $385,000 4.9% $375,000 7.3% 6.7% $351,500
CARRARA 47 $355,000 -7.8% $407,500 -6.3% -4.1% $425,000
CLEAR ISLAND WATERS 7 N/A N/A $440,000 4.8% -9.7% $487,500
COOLANGATTA 55 $640,000 32.0% $470,000 13.4% 5.0% $447,500
COOMBABAH 31 $338,000 -2.2% $332,500 0.8% -2.2% $340,000
COOMERA 56 $454,000 25.5% $352,550 0.9% 12.7% $312,950
CURRUMBIN 16 N/A N/A $467,000 14.2% 19.3% $391,500
CURRUMBIN WATERS 18 N/A N/A $342,000 3.6% 4.6% $327,000
ELANORA 24 $338,500 -14.7% $342,500 11.8% 1.9% $336,000
HELENSVALE 33 $397,500 -3.1% $410,000 9.9% 0.0% $410,000
HIGHLAND PARK 13 N/A N/A $275,000 6.8% -6.5% $294,250
HOLLYWELL 4 N/A N/A $655,500 5.7% -48.1% $1,262,500
HOPE ISLAND 94 $615,000 8.2% $590,000 25.8% 38.8% $425,000
LABRADOR 103 $330,000 -0.9% $322,000 -5.3% 1.9% $316,000
MAIN BEACH 24 $580,000 -19.3% $630,000 13.5% 4.1% $605,000
MERMAID BEACH 65 $355,000 7.6% $350,000 -4.8% -5.4% $370,000
MERMAID WATERS 29 $369,500 1.9% $369,000 15.5% 15.3% $320,000
MERRIMAC 20 $320,000 -9.9% $327,500 -3.7% -22.4% $422,000
MIAMI 28 $404,250 -2.7% $405,000 9.5% 10.2% $367,500
MUDGEERABA 19 N/A N/A $321,250 -4.1% -4.1% $335,000
NERANG 41 $311,000 -0.6% $300,000 0.3% -1.6% $305,000
ORMEAU 8 N/A N/A $350,000 1.5% -5.4% $370,000
OXENFORD 13 N/A N/A $292,500 0.9% 0.9% $290,000
PACIFIC PINES 16 N/A N/A $342,500 -2.7% -9.5% $378,500
PALM BEACH 72 $360,000 3.5% $350,000 2.8% -5.4% $370,000
PARADISE POINT 20 $537,000 -16.1% $620,000 1.2% 22.2% $507,500
PARKWOOD 11 N/A N/A $320,000 8.5% 1.6% $315,000
PIMPAMA 8 N/A N/A $346,250 1.8% -5.4% $365,900
REEDY CREEK 33 $310,500 3.7% $307,000 4.1% -4.8% $322,500
ROBINA 59 $412,000 3.0% $422,000 -6.0% -9.2% $465,000
RUNAWAY BAY 45 $409,000 -18.2% $462,500 18.9% 30.8% $353,500
SOUTHPORT 141 $340,000 -2.9% $344,500 4.4% 1.3% $340,000
SURFERS PARADISE 279 $365,000 7.0% $349,500 1.3% -9.2% $385,000
TUGUN 27 $396,500 10.1% $395,000 6.2% -4.1% $412,000
UPPER COOMERA 24 $330,750 -1.3% $330,000 7.1% -4.9% $347,000
VARSITY LAKES 57 $410,000 1.4% $405,000 4.4% 1.8% $398,000
SALES MARKET - HOUSES
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
SALES MARKET - UNITS & TOWNHOUSES
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
22 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
RENTAL MARKET - 2 BED UNITSPOST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
SALES MARKET - VACANT LAND
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
112
511
1,612
920
114 56
450
1,294
743
92 60
285
785
490
50
<$250k $250K+ $350K+ $500k+ $1M+
BRISBANE UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
336
448 431
120
11
282
393
286
88
11
203
266
147
60
6
<$250k $250K+ $350K+ $500k+ $1M+
BRISBANE SURROUNDS UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
411
1,002 913
715
163
322
843 831
630
146 189
590 580
431
103
<$250k $250K+ $350K+ $500k+ $1M+
GOLD COAST UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
35
92
28
7
26
62
27
8
24
50
17
8
<$250k $250K+ $350K+ $500k+
TOOWOOMBA UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
103
288
330
211
42
125
271 283
233
45
80
189
228
159
28
<$250k $250K+ $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
56
24
7 4
42
27
6 2
29
19
8
2
<$250k $250K+ $350K+ $500k+
FRASER COAST UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
21 22
5 3
22 22
6
2
25
18
3 1
<$250k $250K+ $350K+ $500k+
BUNDABERG UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
7
5
9
3
14
6
4
2
7
5 5 5
<$250k $250K+ $350K+ $500k+
GLADSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
9
11
19
9
16 17
9
14
19
13
7
1
<$250k $250K+ $350K+ $500k+
ROCKHAMPTON & LIVINGSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
15
11
3 3
22
8
14
5
15
5 4
0
<$250k $250K+ $350K+ $500k+
MACKAY UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
63
37
23 20
52
43 37
17
44
34
14
3
<$250k $250K+ $350K+ $500k+
TOWNSVILLE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
291
101
67 50
11
247
91
55 39
9
167
44 34 27 3
<$250k $250K+ $350K+ $500k+ $1M+
CAIRNS & DOUGLAS UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
GOLD COAST CITY $395 2340 $370 2395
4209CANOWINDRA/ COOMERA/ PIMPAMA/ WILLOW VALE/ YAWALPAH
$305 8 $310 6
4210OXENFORD/ STUDIO VILLAGE/ WONGAWALLAN
$305 17 $315 18
4211ADVANCETOWN/ BEECHMONT/ BINNA BURRA/ CARRARA/ GAVEN/ NERANG
$320 46 $335 41
4212BOYKAMBIL/ HELENSVALE/ HOPE ISLAND/ SANCTUARY COVE
$420 40 $400 50
4214 ARUNDEL/ ASHMORE/ ERNEST/ PARKWOOD $330 15 $300 17
4215CHIRN PK/ SOUTHPORT/ LABRADOR/ KEEBRA PK
$370 560 $355 532
4216BIGGERA WTRS/ COOMBABAH/ HOLLYWELL/ PARADISE PT/ RUNAWAY BAY
$410 237 $360 207
4217BENOWA/ BUNDALL/ MAIN BCH/ SORRENTO/ SURFERS PARADISE
$450 527 $420 545
4218BROADBEACH/ MERMAID BCH/ NOBBY BCH/ RIALTO
$400 263 $380 304
4220ANDREWS/ BURLEIGH/ MIAMI/ TALLY VALLEY
$400 171 $385 180
4221 ELANORA/ PALM BCH $350 121 $330 114
4223 CURRUMBIN/ CURRUMBIN VALLEY $395 31 $380 35
4224 TUGUN $355 35 $350 41
4225BILINGA/ COOLANGATTA/ GREENMOUNT/ KIRRA/ RAINBOW BAY
$370 103 $350 95
4226 KERRYDALE/ MERRIMAC/ ROBINA $425 49 $415 62
4227 REEDY CK/ STEPHENS/ VARSITY LAKES $300 111 $370 142
SCENIC RIM REGIONAL $250 28 $220 27
4285BEAUDESERT/ CEDAR VALE/ INNISPLAIN/ KOORALBYN/ LAMINGTON/ ETC
$235 24 $210 23
RENTAL MARKET - 3 BED HOUSESPOST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
GOLD COAST (LGA) 123 $239,900 0.0% $240,000 4.4% 0.7% $238,261
GOLD COAST (LGA) ^ 22 $357,500 -5.9% $390,000 9.9% -9.3% $430,000
COOMERA 19 N/A N/A $238,500 3.0% 13.8% $209,500
ELANORA 0 N/A N/A $290,000 -9.5% -7.9% $315,000
GILSTON 2 N/A N/A $285,000 8.8% 14.0% $250,000
HELENSVALE 4 N/A N/A $500,000 -8.9% -9.1% $550,000
HOPE ISLAND 0 N/A N/A $481,250 31.9% 37.5% $350,000
MAUDSLAND 0 N/A N/A $235,000 2.4% -9.6% $260,000
ORMEAU 5 N/A N/A $235,000 4.7% -10.6% $263,000
ORMEAU HILLS 2 N/A N/A $219,875 1.6% -0.1% $220,050
PACIFIC PINES 2 N/A N/A $223,800 -2.6% -4.9% $235,350
PIMPAMA 61 $235,000 -2.1% $240,000 6.7% 9.1% $219,950
REEDY CREEK 6 N/A N/A $355,000 9.4% 5.4% $336,738
UPPER COOMERA 8 N/A N/A $239,937 4.4% 0.2% $239,500
WILLOW VALE 3 N/A N/A $217,900 3.3% N/A N/A
GOLD COAST CITY $460 849 $440 945
4208 GILBERTON/ JACOBS WELL/ ORMEAU $400 14 $400 14
4209CANOWINDRA/ COOMERA/ PIMPAMA/ WILLOW VALE/ YAWALPAH
$395 103 $390 98
4210OXENFORD/ STUDIO VILLAGE/ WONGAWALLAN
$420 13 $395 21
4211ADVANCETOWN/ BEECHMONT/ BINNA BURRA/CARRARA/ GAVEN/ NERANG
$410 105 $400 124
4212BOYKAMBIL/ HELENSVALE/ HOPE ISLAND/ SANCTUARY COVE
$460 47 $500 56
4213AUSTINVILLE/ MUDGEERABA/ SPRINGBROOK/ TALLAI/ WORONGARY
$490 42 $450 43
4214ARUNDEL/ ASHMORE/ ERNEST/ PARKWOOD
$450 67 $430 88
4215CHIRN PK/ SOUTHPORT/ LABRADOR/ KEEBRA PK
$450 97 $420 93
4216BIGGERA WTRS/ COOMBABAH/HOLLYWELL/ PARADISE PT/ RUNAWAY BAY
$450 55 $450 75
4217BENOWA/ BUNDALL/ MAIN BCH/ SORRENTO/ SURFERS PARADISE
$550 50 $560 35
4218BROADBEACH/ MERMAID BCH/ NOBBY BCH/ RIALTO
$595 43 $550 61
4220ANDREWS/ BURLEIGH/ MIAMI/ TALLY VALLEY
$490 51 $480 56
4221 ELANORA/PALM BCH $545 44 $490 52
4223 CURRUMBIN/ CURRUMBIN VALLEY $480 18 $450 30
4224 TUGUN $485 10 N.A. 4
4226 KERRYDALE/ MERRIMAC/ ROBINA $490 52 $470 58
4227 REEDY CK/ STEPHENS/ VARSITY LAKES $490 34 $460 29
SCENIC RIM REGIONAL $350 134 $300 116
4270TAMBORINE/ BIDDADDABA/ BOYLAND/ MUNDOOLUN/ WONGLEPONG
$400 8 N/A 4
4272 MT TAMBORINE $420 38 $420 14
4285BEAUDESERT/ CEDAR VALE/ INNISPLAIN/ KOORALBYN/ LAMINGTON/ ETC
$310 44 $305 50
4309 ARATULA/ KALBAR $285 7 $270 14
4310 BOONAH/ DUGANDEN/ MT ALFORD $280 23 $270 21
GOLD COAST CITY $405 1035 $390 1061
4208 GILBERTON/ JACOBS WELL/ ORMEAU $390 9 $370 9
4209CANOWINDRA/ COOMERA/ PIMPAMA/ WILLOW VALE/ YAWALPAH
$375 163 $360 160
4210OXENFORD/ STUDIO VILLAGE/ WONGAWALLAN
$360 7 $395 17
4211ADVANCETOWN/ BEECHMONT/ BINNA BURRA/ CARRARA/ GAVEN/ NERANG
$395 164 $370 172
4212BOYKAMBIL/ HELENSVALE/ HOPE ISLAND/ SANCTUARY COVE
$460 59 $430 31
4213AUSTINVILLE/ MUDGEERABA/ SPRINGBROOK/ TALLAI/ WORONGARY
$390 31 $370 32
4214ARUNDEL/ ASHMORE/ ERNEST/ PARKWOOD
$390 36 $380 51
4215CHIRN PK/ SOUTHPORT/ LABRADOR/ KEEBRA PK
$420 104 $400 112
4216BIGGERA WTRS/ COOMBABAH/ HOLLYWELL/ PARADISE PT/ RUNAWAY BAY
$390 83 $400 78
4217BENOWA/ BUNDALL/ MAIN BCH/ SORRENTO/ SURFERS PARADISE
$460 46 $440 43
4218BROADBEACH/ MERMAID BCH/ NOBBY BCH/ RIALTO
$480 27 $425 28
4220 ANDREWS/ BURLEIGH/ MIAMI/ TALLY VALLEY $470 21 $410 38
4221 ELANORA/ PALM BCH $420 34 $400 22
4223 CURRUMBIN/ CURRUMBIN VALLEY $440 11 $410 13
4224 TUGUN $440 16 $440 16
4226 KERRYDALE/ MERRIMAC/ ROBINA $465 149 $440 162
4227 REEDY CK/ STEPHENS/ VARSITY LAKES $450 72 $430 72
RENTAL MARKET - 3 BED TOWNHOUSESPOST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
150
940
2,860
512
121
788
2,797
540
89
580
1,751
277
<$350K $350K+ $500k+ $1M+
BRISBANE HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
1,723
2,076
939
46
1,405
1,917
918
38
1,077
1,476
715
25
<$350K $350K+ $500k+ $1M+
BRISBANE SURROUNDS HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
37
750
1,064
198
30
588
985
176
41
471
739
141
<$350K $350K+ $500k+ $1M+
GOLD COAST HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
307
252
82
272 242
85
192 162
46
<$350K $350K+ $500k+
TOOWOOMBA HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
109
604
707
80 95
532
630
87 71
373
503
48
<$350K $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
286
136
18
302
96
18
214
62
14
<$350K $350K+ $500k+
FRASER COAST HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
230
58
12
198
62
15
136
42
3
<$350K $350K+ $500k+
BUNDABERG HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
68
54
13
58
44
17
38
28
7
<$350K $350K+ $500k+
GLADSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
195
94
18
202
76
34
168
59
27
<$350K $350K+ $500k+
ROCKHAMPTON & LIVINGSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
107 95
25
130
85
28
92
64
13
<$350K $350K+ $500k+
MACKAY HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
308
223
66
266
224
81
221
134
44
<$350K $350K+ $500k+
TOWNSVILLE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
201
338
178 159
312
150 155
213
97
<$350K $350K+ $500k+
CAIRNS & DOUGLAS HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
23
REGIONAL MARKET UPDATES
MARCH QUARTER 2016
33
145
165 161
51
96
137
73
13
50
71
19
<$250k $250K+ $350K+ $500k+
BRISBANE LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
1,266
461
70 46
924
331
45 37
413
192
35 17
<$250k $250K+ $350K+ $500k+
BRISBANE SURROUNDS LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
431
137
39 17 17
293
118
23 21 19
89
25 17 7 7
<$250k $250K+ $350K+ $500k+ $1M+
GOLD COAST LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
171
8 3
109
8 5
35
3 9
<$250k $250K+ $350K+
TOOWOOMBA LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
196 213
65
30 6
113
147
48
22 12
76
51
24 8 2
<$250k $250K+ $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
150
3 5
114
5 3
87
2 1
<$250k $250K+ $350K+
FRASER COAST LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
86
1 2
59
6 3
39
0 1
<$250k $250K+ $350K+
BUNDABERG LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
25
5
2
17
0 2
13
0 0
<$250k $250K+ $350K+
GLADSTONE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
96
7 1
89
2 3
39
2 0
<$250k $250K+ $350K+
ROCKHAMPTON & LIVINGSTONE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
45
5 2
32
7
2
24
1 1
<$250k $250K+ $350K+
MACKAY LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
173
13 5
109
8 9
36
3 3
<$250k $250K+ $350K+
TOWNSVILLE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
142
30
12
112
30
9
66
11 5
<$250k $250K+ $350K+
CAIRNS & DOUGLAS LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
24 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
TOOWOOMBA
33
145
165 161
51
96
137
73
13
50
71
19
<$250k $250K+ $350K+ $500k+
BRISBANE LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
1,266
461
70 46
924
331
45 37
413
192
35 17
<$250k $250K+ $350K+ $500k+
BRISBANE SURROUNDS LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
431
137
39 17 17
293
118
23 21 19
89
25 17 7 7
<$250k $250K+ $350K+ $500k+ $1M+
GOLD COAST LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
171
8 3
109
8 5
35
3 9
<$250k $250K+ $350K+
TOOWOOMBA LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
196 213
65
30 6
113
147
48
22 12
76
51
24 8 2
<$250k $250K+ $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
150
3 5
114
5 3
87
2 1
<$250k $250K+ $350K+
FRASER COAST LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
86
1 2
59
6 3
39
0 1
<$250k $250K+ $350K+
BUNDABERG LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
25
5
2
17
0 2
13
0 0
<$250k $250K+ $350K+
GLADSTONE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
96
7 1
89
2 3
39
2 0
<$250k $250K+ $350K+
ROCKHAMPTON & LIVINGSTONE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
45
5 2
32
7
2
24
1 1
<$250k $250K+ $350K+
MACKAY LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
173
13 5
109
8 9
36
3 3
<$250k $250K+ $350K+
TOWNSVILLE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
142
30
12
112
30
9
66
11 5
<$250k $250K+ $350K+
CAIRNS & DOUGLAS LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
112
511
1,612
920
114 56
450
1,294
743
92 60
285
785
490
50
<$250k $250K+ $350K+ $500k+ $1M+
BRISBANE UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
336
448 431
120
11
282
393
286
88
11
203
266
147
60
6
<$250k $250K+ $350K+ $500k+ $1M+
BRISBANE SURROUNDS UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
411
1,002 913
715
163
322
843 831
630
146 189
590 580
431
103
<$250k $250K+ $350K+ $500k+ $1M+
GOLD COAST UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
35
92
28
7
26
62
27
8
24
50
17
8
<$250k $250K+ $350K+ $500k+
TOOWOOMBA UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
103
288
330
211
42
125
271 283
233
45
80
189
228
159
28
<$250k $250K+ $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
56
24
7 4
42
27
6 2
29
19
8
2
<$250k $250K+ $350K+ $500k+
FRASER COAST UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
21 22
5 3
22 22
6
2
25
18
3 1
<$250k $250K+ $350K+ $500k+
BUNDABERG UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
7
5
9
3
14
6
4
2
7
5 5 5
<$250k $250K+ $350K+ $500k+
GLADSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
9
11
19
9
16 17
9
14
19
13
7
1
<$250k $250K+ $350K+ $500k+
ROCKHAMPTON & LIVINGSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
15
11
3 3
22
8
14
5
15
5 4
0
<$250k $250K+ $350K+ $500k+
MACKAY UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
63
37
23 20
52
43 37
17
44
34
14
3
<$250k $250K+ $350K+ $500k+
TOWNSVILLE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
291
101
67 50
11
247
91
55 39
9
167
44 34 27 3
<$250k $250K+ $350K+ $500k+ $1M+
CAIRNS & DOUGLAS UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
150
940
2,860
512
121
788
2,797
540
89
580
1,751
277
<$350K $350K+ $500k+ $1M+
BRISBANE HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
1,723
2,076
939
46
1,405
1,917
918
38
1,077
1,476
715
25
<$350K $350K+ $500k+ $1M+
BRISBANE SURROUNDS HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
37
750
1,064
198
30
588
985
176
41
471
739
141
<$350K $350K+ $500k+ $1M+
GOLD COAST HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
307
252
82
272 242
85
192 162
46
<$350K $350K+ $500k+
TOOWOOMBA HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
109
604
707
80 95
532
630
87 71
373
503
48
<$350K $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
286
136
18
302
96
18
214
62
14
<$350K $350K+ $500k+
FRASER COAST HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
230
58
12
198
62
15
136
42
3
<$350K $350K+ $500k+
BUNDABERG HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
68
54
13
58
44
17
38
28
7
<$350K $350K+ $500k+
GLADSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
195
94
18
202
76
34
168
59
27
<$350K $350K+ $500k+
ROCKHAMPTON & LIVINGSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
107 95
25
130
85
28
92
64
13
<$350K $350K+ $500k+
MACKAY HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
308
223
66
266
224
81
221
134
44
<$350K $350K+ $500k+
TOWNSVILLE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
201
338
178 159
312
150 155
213
97
<$350K $350K+ $500k+
CAIRNS & DOUGLAS HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
Toowoomba has continued to be a strong performer in the Queensland property market and employment growth is boosted with projects such as the Second Range Crossing and the Grand Central QIC redevelopment.
The residential property market is stable and the major infrastructure projects in the pipeline will support continued moderate growth and stability in the region.
The volume of activity has being easing over the past few quarters, however this has not triggered a reduction in prices as the value of properties is holding steady.
The rental market will benefit from the population growth sparked by the large infrastructure projects. The current arrangement with the Second Range Crossing-winning consortium Nexus requires them to employ only people living within 70km radius of the project.
This requirement supports a positive outlook for the residential market in Toowoomba and ensures the project multiplier effects remain in the region.
HOUSE MARKET
The residential sales activity for houses showed a contraction of about 550 properties over the 12 months to March 2016. Despite this contraction, the annual median sale price showed a modest increase of one per cent over the 12 months to March, reaching $352,500.
Owner-occupiers with a price range below $500,000 are leading the activity in the property market. Buyers are more cautious and there is not a sense of urgency in the market. Similarly, vendors are holding listings and assessing the market prior to making decisions to list their properties.
Average days on market at 72 days for February 2016 remain around similar levels than Greater Brisbane and even lower than the Sunshine Coast. Vendor discount was sitting at a healthy level around 5.9 per cent in February 2016. However, it has increased from 4.7 per cent in February 2015 due to higher price expectations from vendors.
The medium-term growth (five years) of the median sale price was 19.5 per cent to March 2016. This represented a stable and healthy annual increase in the house property market of about 3.6 per cent.
UNIT MARKET
New unit developments in Toowoomba are now characterised as providing more value for money as they offer larger space and better quality. Developers have realised that there is growing demand in the top-end price market compared to smaller two-bedroom units.
The annual median sale price for units was $310,000 in March 2016, increasing by 3.7 per cent for the year. The quarterly median sale price also reported a solid increase of 2.4 per cent. The five-year median sale price growth for the units market exceeded the house market and reached an overall growth rate of 26.5 per cent, which is equivalent to an annual growth of about 4.8 per cent.
The unit market activity measured by the volume of sold property reduced in the March quarter similar to the house market. However, this contraction did not appear
to have had an impact on sale prices.
Vendor discount remained below five per cent and still sits at healthy levels, despite the increase in the days on market which was about three months in February 2016.
RENTAL MARKET
Vacancy rates for Toowoomba remained at around three per cent for the March quarter. The influx of new units coming onto the market and the easing in land size requirements for new houses in 2014 triggered an increase in the vacancy rates, which prior to 2014 remained within the one-to-two per cent range.
Local agents forecast a stable rental market over the next six months. The outlook beyond 6-12 months is promising with a potential increase in demand to provide housing to workers and employees of the Second Range Crossing project.
Local agents indicate that there are about 175 vacant properties in the market and landlords are deciding to keep rents unchanged or in some instances giving a small discount to tenants. Demand for three-bedroom townhouses remains stronger compared to other type of properties with a weekly median sale price reporting an increase from $320 to $330 over the 12 month period to March 2016. Other types of properties showed stable weekly median rents or a small reduction of about 1.2 per cent over a similar period.
25
REGIONAL MARKET UPDATES
MARCH QUARTER 2016
TOOWOOMBA (LGA) 27 $169,000 -1.0% $170,000 2.0% 17.2% $145,000
TOOWOOMBA (LGA) ^ 20 $221,250 27.3% $185,000 -2.0% 19.4% $155,000
CRANLEY 1 N/A N/A $174,500 9.1% 22.0% $143,000
GLENVALE 4 N/A N/A $170,000 -1.2% 18.9% $143,000
KEARNEYS SPRING 2 N/A N/A $181,750 -12.0% 12.5% $161,500
KLEINTON 2 N/A N/A $188,500 8.3% 26.9% $148,500
MIDDLE RIDGE 2 N/A N/A $270,500 -5.7% 34.2% $201,500
WESTBROOK 1 N/A N/A $167,500 4.4% 35.1% $124,000
WYREEMA 1 N/A N/A $160,000 8.8% 30.6% $122,500
SURROUNDS
SOUTHERN DOWNS (LGA) 18 N/A N/A $89,000 18.7% -1.1% $90,000
SALES MARKET - UNITS & TOWNHOUSES
RENTAL MARKET - 3 BED TOWNHOUSES
RENTAL MARKET - 2 BED UNITS
RENTAL MARKET - 3 BED HOUSESPOST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
TOOWOOMBA (LGA) 409 $352,250 -1.6% $352,500 1.0% 19.5% $295,000
TOOWOOMBA (LGA) ^ 83 $490,500 1.1% $502,500 3.6% 14.2% $440,000
CENTENARY HEIGHTS 27 $377,500 2.3% $367,500 3.5% 24.2% $296,000
CROWS NEST 8 N/A N/A $240,000 -5.9% 1.1% $237,500
DARLING HEIGHTS 9 N/A N/A $353,500 2.5% 16.1% $304,500
EAST TOOWOOMBA 15 N/A N/A $442,500 1.1% 20.4% $367,500
GLENVALE 20 $357,500 -3.3% $360,000 -4.6% 12.9% $318,750
GLENVALE ^ 4 N/A N/A $520,000 -3.7% 14.0% $456,250
HARLAXTON 5 N/A N/A $280,000 0.0% 14.3% $245,000
HARRISTOWN 29 $335,000 1.2% $321,125 0.7% 21.2% $265,000
HIGHFIELDS 6 N/A N/A $459,250 -7.6% 9.4% $419,900
HIGHFIELDS ^ 15 N/A N/A $525,000 0.2% 20.7% $435,000
KEARNEYS SPRING 24 $368,500 -3.5% $369,000 -3.5% 16.2% $317,500
KINGSTHORPE 6 N/A N/A $312,500 0.8% 25.9% $248,250
KLEINTON 3 N/A N/A $510,000 0.3% 30.4% $391,000
MERINGANDAN WEST ^ 6 N/A N/A $380,000 -5.0% 14.8% $331,000
MIDDLE RIDGE 18 N/A N/A $491,250 -3.2% 13.5% $433,000
MOUNT LOFTY 18 N/A N/A $465,000 8.0% 40.1% $332,000
NEWTOWN 50 $297,500 -2.5% $306,750 0.6% 19.8% $256,000
NORTH TOOWOOMBA 7 N/A N/A $308,250 -5.4% 19.5% $258,000
OAKEY 8 N/A N/A $235,000 2.8% 0.9% $233,000
PITTSWORTH 7 N/A N/A $285,000 1.8% 1.8% $280,000
RANGEVILLE 24 $403,000 -4.6% $420,000 -2.3% 14.8% $366,000
ROCKVILLE 6 N/A N/A $271,500 -5.9% 5.6% $257,000
SOUTH TOOWOOMBA 20 $337,500 3.1% $341,250 5.0% 23.4% $276,500
TOOWOOMBA CITY 7 N/A N/A $350,000 4.4% 32.6% $264,000
WESTBROOK 16 N/A N/A $443,500 -2.0% 10.9% $400,000
WILSONTON 19 N/A N/A $315,000 -0.8% 15.5% $272,750
WILSONTON HEIGHTS 7 N/A N/A $299,000 3.1% 21.3% $246,500
WYREEMA 7 N/A N/A $347,000 3.3% 19.1% $291,250
SURROUNDS
GOONDIWINDI (LGA) 14 N/A N/A $232,500 -7.0% 1.1% $230,000
GOONDIWINDI 10 N/A N/A $275,500 0.2% 2.0% $270,000
SOUTHERN DOWNS (LGA) 73 $233,000 -4.7% $235,000 -0.6% -4.1% $245,000
SOUTHERN DOWNS (LGA) ^ ~
35 $342,500 5.4% $337,500 0.8% 4.7% $322,500
STANTHORPE 18 N/A N/A $235,000 1.3% -6.0% $250,000
WARWICK 41 $240,000 -4.8% $242,000 0.8% -1.2% $245,000
WESTERN DOWNS (LGA) 28 $230,000 18.0% $220,000 -12.0% -16.7% $264,000
WESTERN DOWNS (LGA) ^ 13 N/A N/A $340,000 -3.4% -2.9% $350,000
CHINCHILLA 7 N/A N/A $246,000 -21.9% -16.0% $293,000
DALBY 14 N/A N/A $240,000 -4.0% -7.5% $259,500
DALBY ^ 6 N/A N/A $411,750 -5.3% 8.8% $378,500
TOOWOOMBA (LGA) 100 $315,000 2.4% $310,000 3.7% 26.5% $245,000
CENTENARY HEIGHTS 9 N/A N/A $329,000 24.2% 22.6% $268,250
EAST TOOWOOMBA 8 N/A N/A $341,500 -4.6% 26.5% $270,000
HARRISTOWN 8 N/A N/A $237,500 -0.6% 8.0% $220,000
HIGHFIELDS 1 N/A N/A $320,000 3.6% -8.6% $350,000
KEARNEYS SPRING 11 N/A N/A $314,500 6.6% 25.8% $250,000
NEWTOWN 9 N/A N/A $259,000 -9.4% 17.7% $220,000
RANGEVILLE 5 N/A N/A $372,250 7.0% 29.3% $288,000
SOUTH TOOWOOMBA 15 N/A N/A $331,250 7.0% 38.0% $240,000
WILSONTON 5 N/A N/A $240,000 -12.4% 13.1% $212,250
TOOWOOMBA REGIONAL $300 654 $305 592
4350
CENTENARY HEIGHTS/ DARLING HEIGHTS/ DRAYTON/ GLENVALE/ HARLAXTON/ HARRISTOWN/ KEARNEY SPRINGS/ MIDDLE RIDGE/ MOUNT LOFTY/ NEWTOWN/ RANGEVILLE/ ROCKVILLE/ TOOWOOMBA/ WESTBROOK/ WILSONTON
$304 508 $315 458
4352
CABARLAH/ GOWRIE JUNCTION/ HAMPTON/ HIGHFIELDS/ HODGSON VALE/ KLEINTON/ MERINGANDAN, RAVENSBOURNE/ WITHCOTT/ WYREEMA
$325 33 $310 31
4355 CROWS NEST/ EMU CREEK $250 17 $260 11
4356 PITTSWORTH/ MOUNT TYSON $270 18 $290 21
4357 MILLMERRAN $250 10 $260 13
4358 CAMBOOYA, RAMSAY $290 6 N/A 3
4361 CLIFTON $260 10 $230 10
4400 KINGSTHORPE $275 5 N/A 2
4401 OAKEY 270 30 280 23
GOONDIWINDI REGIONAL $280 27 $290 43
4387 INGLEWOOD $200 5 N/A 2
4390 GOONDIWINDI $280 21 $295 37
SOUTHERN DOWNS REGIONAL $260 123 $250 147
4362 ALLORA, HENDON/ TALGAI/ BERAT/ DEUCHAR $250 7 $240 9
4370WARWICK/ ROSENTHAL HEIGHTS, WOMINA/ FREESTONE/ MARYVALE
$260 75 $255 81
4380STANTHORPE/ BROADWATER/ MOUNT TULLY/ SEVERNLEA/ SUGARLOAF/ GREENLANDS/ PIKEDALE/ EUKEY
$255 33 $250 41
WESTERN DOWNS REGIONAL $220 142 $260 162
4405 DALBY $240 83 $260 79
4410 JANDOWAE $180 5 N/A N/A
4413 CHINCHILLA $200 36 $240 55
4415 MILES 190 7 260 8
TOOWOMBA REGIONAL $250 493 $250 410
4350
CENTENARY HEIGHTS/ DARLING HEIGHTS/ DRAYTON/ GLENVALE/ HARLAXTON/ HARRISTOWN/ KEARNEY SPRINGS/ MIDDLE RIDGE/ MOUNT LOFTY/ NEWTOWN/ RANGEVILLE/ ROCKVILLE/ TOOWOOMBA/ WESTBROOK/ WILSONTON
$255 458 N/A 392
4352
CABARLAH/ GOWRIE JUNCTION/ HAMPTON/ HIGHFIELDS/ HODGSON VALE/ KLEINTON/ MERINGANDAN/ RAVENSBOURNE/ WITHCOTT/ WYREEMA
$300 9 N/A 3
4401 OAKEY $215 8 $215 5
4614 YARRAMAN $140 5 N/A 3
GOONDIWINDI REGIONAL $200 22 $200 26
4390 GOONDIWINDI $200 21 $200 26
SOUTHERN DOWNS REGIONAL $220 43 $200 66
4370WARWICK/ ROSENTHAL HEIGHTS/ WOMINA/ FREESTONE/ MARYVALE
$200 34 $220 45
4380STANTHORPE/ BROADWATER/ MOUNT TULLY/ SEVERNLEA/ SUGARLOAF/ GREENLANDS/ PIKEDALE/ EUKEY
$230 8 $195 19
WESTERN DOWNS REGIONAL $165 55 $195 65
4405 DALBY $200 23 $195 34
4413 CHINCHILLA $160 28 $195 28
TOOWOOMBA REGIONAL $330 40 $320 28
4350
CENTENARY HEIGHTS/ DARLING HEIGHTS/ DRAYTON/ GLENVALE/ HARLAXTON/ HARRISTOWN/ KEARNEY SPRINGS/ MIDDLE RIDGE/ MOUNT LOFTY/ NEWTOWN/ RANGEVILLE/ ROCKVILLE/ TOOWOOMBA/ WESTBROOK/ WILSONTON
$330 38 $320 28
SOUTHERN DOWNS REGIONAL COUNCIL $250 10 $300 7
4370WARWICK/ ROSENTHAL HEIGHTS/ WOMINA/ FREESTONE/ MARYVALE
$250 8 N/A 3
WESTERN DOWNS REGIONAL $240 23 $230 9
4405 DALBY $230 6 N/A N/A
4413 CHINCHILLA $240 12 $230 7
SALES MARKET - HOUSES
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
SALES MARKET - VACANT LAND
26 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
SUNSHINE COASTThe Sunshine Coast residential property market has performed positively over the past 12 months, reporting one of the largest annual median sale price growths in Queensland, equivalent to four per cent for houses and 5.6 per cent for units.
The medium-term performance (five-year outlook) has also been positive (9.1 per cent for houses and 2.7 per cent for units), however the largest increase occurred over the last year.
Confidence from investors in the Sunshine Coast slowed down slightly during the first quarter of the year due to the negative gearing debate, which is not helping to overcome the lack of rental stock in the area.
The largest projects in the region are the Sunshine Coast University Hospital due for completion in 2017 and the $347 million Sunshine Coast airport runway expansion still in the feasibility stage. The latest has been approved by the State Government with conditions and it is currently under review by the Federal Government.
The Sunshine Coast airport runway expansion will potentially generate 80 jobs and an estimated multiplier effect in the economy of $140 million during the construction period. The long-term benefit of the project is forecast to reach about $4 billion from 2020 to 2040.
Other potential development projects are Maroochydore City Centre, Sunshine Coast Light Rail project, International Submarine Broadband Cable, Caloundra CBD project, amongst others. All of these projects are still in the early stages and without funding certainty.
The Sunshine Coast is one of the state’s regions with largest economic potential. The proposed Sunshine Coast airport will provide the investment to boost economic growth, employment opportunities and to support a positive outlook for the residential property market.
HOUSE MARKET
The March quarter reported a slight increase in the median sale price from $505,000 to $510,000 for houses in the Sunshine Coast local government area.
The quarterly median sale price in Noosa fell by 2.6 per cent, from $562,000 to $547,500. Despite this reduction, Noosa remains more expensive than other areas in the Sunshine Coast. However the gap appears to be closing.
In February 2016, the average days on market in the Sunshine Coast remained relatively steady and close
to three months while the vendor discount was a very pleasing 5.6 per cent.
The Noosa house market performed slightly less favourably than the Sunshine Coast local government area. The average days on market in Noosa remained above 100 days and the vendor discount was 6.6 per cent. This was equivalent to about 20 more days and one per cent more than the Sunshine Coast local government area.
As at February 2016, the number of listings reduced by 21.2 per cent or 2,338 number of listings. This continues being a key issue in the region and has also impacted on the volume of sales.
The largest activity in the house market is sitting in the price range between $500,000 and $1 million. The volume of sales for this price range reduced from 700 in September 2015 to 630 in December 2015. Preliminary data indicates also a reduction to 503 sales in the March quarter.
UNIT MARKET
The unit market has remained relatively steady over the March quarter with the median sale price increasing slightly to $385,000 in the Sunshine Coast statistical division.
The Noosa unit market increased by 11.7 per cent in a 12-month period to March, reaching an annual median sale price of $440,000. The five year change in median sale price in Noosa increased slightly by 1.1 per cent, demonstrating large volatility in the market and a recovery period over the past 12 months.
The annual unit sales activity reduced by 547 sales or about 12.9 per cent for the Sunshine Coast statistical division. On the other hand, Noosa only reported an annual reduction in the number of sales of 11 units to March, which may in fact turned into an annual increase once the preliminary March quarter data is updated.
The average days on market for units is slightly larger compared to houses and reached about 3.5 months in February 2016. The vendor discount sits between six and seven per cent for the Sunshine Coast region and remains close but still slightly higher than other areas in the southeast corner.
RENTAL MARKET
Sunshine Coast and Noosa vacancy rates remain generally tight and below the healthy range (1.5 per cent). New developments to meet rental demand appear to be insufficient in the region.
Weekly median rent in Noosa increased by $10 or 2.3 per cent for three bedroom houses, $30 or 8.3 per cent for two bedroom units and $60 or 13 per cent for three bedroom townhouses over the past 12 months to March 2016.
The increase in the median weekly rent in Sunshine Coast regional is slower compared to Noosa, but still demand appears to be exceeding supply and local agents keep hunting for rental stock.
150
940
2,860
512
121
788
2,797
540
89
580
1,751
277
<$350K $350K+ $500k+ $1M+
BRISBANE HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
1,723
2,076
939
46
1,405
1,917
918
38
1,077
1,476
715
25
<$350K $350K+ $500k+ $1M+
BRISBANE SURROUNDS HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
37
750
1,064
198
30
588
985
176
41
471
739
141
<$350K $350K+ $500k+ $1M+
GOLD COAST HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
307
252
82
272 242
85
192 162
46
<$350K $350K+ $500k+
TOOWOOMBA HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
109
604
707
80 95
532
630
87 71
373
503
48
<$350K $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
286
136
18
302
96
18
214
62
14
<$350K $350K+ $500k+
FRASER COAST HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
230
58
12
198
62
15
136
42
3
<$350K $350K+ $500k+
BUNDABERG HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
68
54
13
58
44
17
38
28
7
<$350K $350K+ $500k+
GLADSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
195
94
18
202
76
34
168
59
27
<$350K $350K+ $500k+
ROCKHAMPTON & LIVINGSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
107 95
25
130
85
28
92
64
13
<$350K $350K+ $500k+
MACKAY HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
308
223
66
266
224
81
221
134
44
<$350K $350K+ $500k+
TOWNSVILLE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
201
338
178 159
312
150 155
213
97
<$350K $350K+ $500k+
CAIRNS & DOUGLAS HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
27
REGIONAL MARKET UPDATES
MARCH QUARTER 2016
33
145
165 161
51
96
137
73
13
50
71
19
<$250k $250K+ $350K+ $500k+
BRISBANE LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
1,266
461
70 46
924
331
45 37
413
192
35 17
<$250k $250K+ $350K+ $500k+
BRISBANE SURROUNDS LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
431
137
39 17 17
293
118
23 21 19
89
25 17 7 7
<$250k $250K+ $350K+ $500k+ $1M+
GOLD COAST LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
171
8 3
109
8 5
35
3 9
<$250k $250K+ $350K+
TOOWOOMBA LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
196 213
65
30 6
113
147
48
22 12
76
51
24 8 2
<$250k $250K+ $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
150
3 5
114
5 3
87
2 1
<$250k $250K+ $350K+
FRASER COAST LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
86
1 2
59
6 3
39
0 1
<$250k $250K+ $350K+
BUNDABERG LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
25
5
2
17
0 2
13
0 0
<$250k $250K+ $350K+
GLADSTONE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
96
7 1
89
2 3
39
2 0
<$250k $250K+ $350K+
ROCKHAMPTON & LIVINGSTONE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
45
5 2
32
7
2
24
1 1
<$250k $250K+ $350K+
MACKAY LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
173
13 5
109
8 9
36
3 3
<$250k $250K+ $350K+
TOWNSVILLE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
142
30
12
112
30
9
66
11 5
<$250k $250K+ $350K+
CAIRNS & DOUGLAS LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
112
511
1,612
920
114 56
450
1,294
743
92 60
285
785
490
50
<$250k $250K+ $350K+ $500k+ $1M+
BRISBANE UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
336
448 431
120
11
282
393
286
88
11
203
266
147
60
6
<$250k $250K+ $350K+ $500k+ $1M+
BRISBANE SURROUNDS UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
411
1,002 913
715
163
322
843 831
630
146 189
590 580
431
103
<$250k $250K+ $350K+ $500k+ $1M+
GOLD COAST UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
35
92
28
7
26
62
27
8
24
50
17
8
<$250k $250K+ $350K+ $500k+
TOOWOOMBA UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
103
288
330
211
42
125
271 283
233
45
80
189
228
159
28
<$250k $250K+ $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
56
24
7 4
42
27
6 2
29
19
8
2
<$250k $250K+ $350K+ $500k+
FRASER COAST UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
21 22
5 3
22 22
6
2
25
18
3 1
<$250k $250K+ $350K+ $500k+
BUNDABERG UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
7
5
9
3
14
6
4
2
7
5 5 5
<$250k $250K+ $350K+ $500k+
GLADSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
9
11
19
9
16 17
9
14
19
13
7
1
<$250k $250K+ $350K+ $500k+
ROCKHAMPTON & LIVINGSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
15
11
3 3
22
8
14
5
15
5 4
0
<$250k $250K+ $350K+ $500k+
MACKAY UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
63
37
23 20
52
43 37
17
44
34
14
3
<$250k $250K+ $350K+ $500k+
TOWNSVILLE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
291
101
67 50
11
247
91
55 39
9
167
44 34 27 3
<$250k $250K+ $350K+ $500k+ $1M+
CAIRNS & DOUGLAS UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
POMONA 5 N/A N/A $385,000 8.5% -1.0% $389,000
POMONA ^ 6 N/A N/A $495,000 2.1% -8.8% $542,750
SUNRISE BEACH 4 N/A N/A $645,500 8.5% 12.7% $573,000
SUNSHINE BEACH 9 N/A N/A $950,000 -8.7% 14.5% $830,000
TEWANTIN 47 $475,000 7.0% $460,000 2.2% 2.2% $450,000
SALES MARKET - UNITS & TOWNHOUSES
SUNSHINE COAST (SD) 1025 $515,000 1.0% $507,500 4.0% 9.1% $465,000
SUNSHINE COAST (SD) ^ 204 $580,000 -7.9% $607,500 6.7% 7.0% $567,500
SUNSHINE COAST (LGA) 878 $510,000 1.0% $500,000 4.2% 9.6% $456,000
SUNSHINE COAST (LGA) ^ 129 $592,500 -6.8% $615,000 6.0% 10.8% $555,000
ALEXANDRA HEADLAND 2 N/A N/A $900,000 11.8% 30.7% $688,500
AROONA 13 N/A N/A $497,500 10.6% 13.1% $440,000
BATTERY HILL 14 N/A N/A $466,500 2.5% 12.4% $415,000
BEERWAH 22 $436,250 8.4% $397,750 2.0% -1.8% $405,000
BIRTINYA 4 N/A N/A $575,000 3.1% 0.9% $570,000
BLI BLI 25 $462,000 -0.7% $455,000 5.8% 13.8% $400,000
BOKARINA 4 N/A N/A $593,750 5.1% 27.4% $466,000
BUDDINA 13 N/A N/A $615,000 6.0% 0.4% $612,486
BUDERIM 104 $575,000 2.8% $565,000 2.9% 8.1% $522,750
BUDERIM ^ 1 N/A N/A $886,000 -5.7% -8.7% $970,000
BURNSIDE 14 N/A N/A $412,500 4.6% 7.8% $382,500
CALOUNDRA WEST 41 $469,000 6.7% $450,000 5.0% 7.8% $417,471
COES CREEK 7 N/A N/A $379,000 5.9% -3.9% $394,500
COOLUM BEACH 24 $567,500 1.6% $530,500 4.0% 15.3% $460,000
CURRIMUNDI 19 N/A N/A $470,000 4.4% 11.0% $423,250
DICKY BEACH 5 N/A N/A $771,250 12.1% 51.2% $510,000
EUMUNDI 3 N/A N/A $517,500 12.5% 45.8% $355,000
EUMUNDI ^ 2 N/A N/A $710,000 2.1% 14.5% $620,000
GLASS HOUSE MOUNTAINS 13 N/A N/A $422,500 0.0% -0.6% $425,000
GLASS HOUSE MOUNTAINS ^ 4 N/A N/A $525,000 11.1% 11.7% $470,000
GOLDEN BEACH 26 $504,000 4.5% $485,000 4.5% 7.3% $452,000
KULUIN 15 N/A N/A $445,000 14.1% 14.5% $388,500
LANDSBOROUGH 10 N/A N/A $367,500 2.9% -3.3% $380,000
LITTLE MOUNTAIN 30 $532,500 0.5% $527,250 6.8% 15.4% $457,000
MALENY 12 N/A N/A $459,000 4.3% 6.3% $432,000
MALENY ^ 6 N/A N/A $562,500 -5.9% -4.0% $586,000
MARCOOLA 12 N/A N/A $530,000 6.0% 17.7% $450,170
MAROOCHYDORE 37 $547,500 3.7% $520,000 7.2% 14.9% $452,500
MERIDAN PLAINS 5 N/A N/A $429,750 -4.5% 2.3% $420,000
MINYAMA 5 N/A N/A $1,000,000 35.4% 8.7% $920,000
MOFFAT BEACH 6 N/A N/A $633,500 0.6% 13.1% $560,000
MOOLOOLABA 24 $640,000 -19.5% $650,000 -2.3% 25.2% $519,050
MOOLOOLAH VALLEY 6 N/A N/A $423,000 11.3% 6.0% $399,000
MOOLOOLAH VALLEY ^ 4 N/A N/A $537,500 -0.5% -4.4% $562,250
MOUNT COOLUM 17 N/A N/A $590,000 21.7% 22.2% $483,000
MOUNTAIN CREEK 41 $520,000 -5.5% $540,000 1.9% 10.2% $490,000
MUDJIMBA 3 N/A N/A $630,000 12.5% 34.0% $470,000
NAMBOUR 43 $343,250 1.0% $350,000 2.9% 6.1% $330,000
NINDERRY ^ 4 N/A N/A $575,000 -3.4% 6.5% $540,000
PACIFIC PARADISE 10 N/A N/A $405,000 1.3% 3.8% $390,000
PALMWOODS 19 N/A N/A $442,500 -0.6% 1.0% $438,000
PARREARRA 13 N/A N/A $600,750 7.3% 8.0% $556,500
PELICAN WATERS 35 $667,500 -3.6% $670,000 1.9% 7.6% $622,500
PEREGIAN SPRINGS 30 $550,000 -7.2% $570,000 1.8% 10.7% $515,000
SIPPY DOWNS 43 $480,000 2.1% $464,500 4.6% 5.6% $440,000
TANAWHA ^ 8 N/A N/A $896,250 3.4% 27.6% $702,500
TWIN WATERS 13 N/A N/A $722,500 3.2% 7.0% $675,000
WARANA 12 N/A N/A $550,000 3.8% 22.9% $447,500
WOOMBYE 9 N/A N/A $435,000 9.4% 4.8% $415,000
WURTULLA 18 N/A N/A $535,000 11.5% 15.7% $462,500
YANDINA 5 N/A N/A $375,000 0.0% -1.3% $380,000
YAROOMBA 4 N/A N/A $561,050 -3.3% 12.2% $500,000
SURROUNDS
NOOSA (LGA) 147 $547,500 -2.6% $550,000 -1.8% 0.7% $546,000
NOOSA (LGA) ^ 75 $565,000 -8.0% $590,500 7.4% 0.5% $587,500
BLACK MOUNTAIN ^ 9 N/A N/A $567,500 8.6% 5.6% $537,500
COORAN ^ 4 N/A N/A $480,000 27.7% 14.8% $418,000
COOROIBAH ^ 6 N/A N/A $597,500 10.1% 4.3% $572,625
COOROY 10 N/A N/A $435,000 2.4% 1.6% $428,000
DOONAN ^ 14 N/A N/A $685,000 8.7% -12.1% $779,000
NOOSA HEADS 12 N/A N/A $745,000 8.0% 16.4% $640,000
NOOSAVILLE 39 $823,000 8.3% $770,000 -0.7% 6.9% $720,000
PEREGIAN BEACH 7 N/A N/A $735,000 16.7% 16.2% $632,500
SUNSHINE COAST (SD) 701 $385,000 0.7% $380,000 5.6% 2.7% $370,000
SUNSHINE COAST (LGA) 556 $370,000 -0.5% $370,000 3.7% 2.8% $360,000
ALEXANDRA HEADLAND 22 $290,000 -33.9% $346,500 5.0% 6.1% $326,500
BATTERY HILL 8 N/A N/A $258,500 2.2% 5.5% $245,000
BIRTINYA 4 N/A N/A $422,500 -4.5% -16.3% $505,000
BUDDINA 4 N/A N/A $440,000 3.5% 12.7% $390,250
BUDERIM 30 $361,000 -8.6% $390,000 4.9% -1.3% $395,250
CALOUNDRA 34 $357,000 -4.8% $381,000 -2.3% -8.9% $418,000
CALOUNDRA WEST 8 N/A N/A $367,500 20.5% 13.1% $325,000
COOLUM BEACH 24 $356,500 -7.0% $360,000 1.4% -9.0% $395,500
CURRIMUNDI 8 N/A N/A $379,000 3.8% 6.8% $355,000
GOLDEN BEACH 24 $465,000 18.0% $408,000 20.0% 19.1% $342,500
KINGS BEACH 35 $364,000 -4.2% $380,000 0.5% -10.0% $422,000
LITTLE MOUNTAIN 2 N/A N/A $308,000 -21.0% 1.0% $305,000
MARCOOLA 21 $336,000 10.2% $310,000 -2.4% -10.5% $346,250
MAROOCHYDORE 94 $377,500 9.9% $355,000 -3.5% -4.3% $371,000
MINYAMA 10 N/A N/A $345,500 15.2% 19.1% $290,000
MOFFAT BEACH 6 N/A N/A $475,000 -5.0% 36.3% $348,500
MOOLOOLABA 65 $337,500 -10.0% $358,500 -3.1% -3.5% $371,500
MOUNT COOLUM 13 N/A N/A $327,500 -7.8% -5.1% $345,000
MOUNTAIN CREEK 16 N/A N/A $375,000 0.1% 45.1% $258,500
NAMBOUR 23 $311,000 18.5% $250,000 2.0% -7.1% $269,250
PARREARRA 13 N/A N/A $440,000 3.5% -18.5% $540,000
PELICAN WATERS 8 N/A N/A $490,625 5.5% 4.4% $470,000
PEREGIAN SPRINGS 12 N/A N/A $297,500 11.8% 12.3% $265,000
TWIN WATERS 8 N/A N/A $520,000 9.0% 4.0% $500,000
WARANA 15 N/A N/A $365,000 14.6% 21.7% $300,000
WURTULLA 3 N/A N/A $379,000 5.6% 26.3% $300,000
SURROUNDS
NOOSA (LGA) 145 $450,000 -2.2% $440,000 11.7% 1.1% $435,000
COOROY 2 N/A N/A $319,000 -4.4% -9.5% $352,500
NOOSA HEADS 51 $705,000 19.8% $581,000 39.2% -5.1% $612,500
NOOSAVILLE 42 $413,500 5.7% $415,000 11.9% 15.3% $360,000
PEREGIAN BEACH 15 N/A N/A $400,000 8.1% 14.3% $350,000
SUNRISE BEACH 9 N/A N/A $373,500 7.6% -6.6% $400,000
SUNSHINE BEACH 14 N/A N/A $537,500 4.2% -19.3% $665,750
TEWANTIN 9 N/A N/A $300,000 6.4% 7.1% $280,000
SALES MARKET - HOUSES
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
SALES MARKET - HOUSES (CONT’D)
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
28 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
RENTAL MARKET - 3 BED TOWNHOUSES
RENTAL MARKET - 3 BED HOUSESPOST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 2 BED UNITS
SUNSHINE COAST REGIONAL $430 703 $420 774
4518 GLASS HOUSE MOUNTAINS $370 12 $385 11
4519 BEERWAH/ PEACHESTER $370 15 $340 26
4550 LANDSBOROUGH/ MT MELLUM $390 8 $350 11
4551
AROONA/ BATTERY HILL/ CALOUNDRA/ CURRIMUNDI/ DIAMOND HEAD/ DICKY BCH/ GOLDEN BCH/ KINGS BCH/ LITTLE MTN/ MERIDAN PLNS/ MOFFAT BCH/ PELICAN WATERS/ SHELLY BCH
$420 149 $410 160
4552BALD KNOB/ BAROON POCKET/ BOOROOBIN/ CONONDALE/ MALENY/ MOUNTAIN VIEW/ REESVILLE/ WITTA
$365 14 $370 24
4553GLENVIEW/ MOOLOOLAH/ MOOLOOLAH VALLEY/ PALMVIEW
$380 9 $410 9
4555CHEVALLUM/ HUNCHY/ LANDERS SHOOT/ PALMWOODS
$395 7 $380 8
4556BUDERIM/ FOREST GLEN/ KUNDA PK/ MONS/ SIPPY DOWNS/ TANAWHA
$440 85 $440 82
4557BUNDILLS/ KAWANA IS/ MOOLOOLABA/ MOUNTAIN CK
$460 35 $455 49
4558COTTON TREE/ KULUIN/ MAROOCHYDORE/ SUNSHINE PLAZA
$460 48 $430 55
4560
BLI BLI/ BURNSIDE/ COES CK/ COOLOOLABIN/ DULONG/ FLAXTON/ HIGHWORTH/ IMAGE FLAT/ KIAMBA/ KULANGOOR/ KUREELPA/ MAPLETON/ MONTVILLE/ NAMBOUR/ PARKLANDS/ PERWILLOWEN/ ROSEMONT/ TOWEN MTN
$390 81 $370 80
4561BRIDGES/ MAROOCHY RIVER/ NINDERRY/ NTH ARM/ VALDORA/ YANDINA/ YANDINA CK
$400 10 $350 6
4562BELLI PK/ DOONAN/ EERWAH VALE/ EUMUNDI/ VERRIERDALE/ WEBA DOWNS
$440 7 $430 12
4564MARCOOLA/ MUDJIMBA/ PACIFIC PARADISE
$430 28 $390 26
4572 ALEXANDRA HEADLAND $450 5 $520 6
4573CENTENARY HEIGHTS/ COOLUM BCH/ MARCUS BCH/ MT COOLUM/ PEREGIAN BCH/ PT ARKWRIGHT/ YAROOMBA
450 77 440 85
4575BIRTINYA/ BOKARINA/ BUDDINA/ KAWANA WATERS/ MINYAMA/ PARREARRA/ WARANA/ WURTULLA
450 105 425 111
SUNSHINE COAST REGIONAL $340 762 $340 880
4519 BEERWAH/ PEACHESTER $300 9 $181 6
4551
AROONA/ BATTERY HILL/ CALOUNDRA/ CURRIMUNDI/ DIAMOND HEAD/ DICKY BCH/ GOLDEN BCH/ KINGS BCH/ LITTLE MTN/ MERIDAN PLNS/ MOFFAT BCH/ PELICAN WATERS/ SHELLY BCH
$330 140 $325 153
4556BUDERIM/ FOREST GLEN/ KUNDA PK/ MONS/ SIPPY DOWNS/ TANAWHA
$340 60 $325 77
4557BUNDILLS/ KAWANA IS/ MOOLOOLABA/ MOUNTAIN CK
$340 120 $330 125
4558COTTON TREE/ KULUIN/ MAROOCHYDORE/ SUNSHINE PLAZA
$360 151 $360 174
4560
BLI BLI/ BURNSIDE/ COES CK/ COOLOOLABIN/ DULONG/ FLAXTON/ HIGHWORTH/ IMAGE FLAT/ KIAMBA/ KULANGOOR/ KUREELPA/ MAPLETON/ MONTVILLE/ NAMBOUR/ PARKLANDS/ PERWILLOWEN/ ROSEMONT/ TOWEN MTN
$270 36 $250 41
4564 MARCOOLA/ MUDJIMBA/ PACIFIC PARADISE $365 33 $380 59
4572 ALEXANDRA HEADLAND $360 37 $360 46
4573CENTENARY HEIGHTS/ COOLUM BCH/ MARCUS BCH/ MT COOLUM/ PEREGIAN BCH/ PT ARKWRIGHT/ YAROOMBA
$350 62 $360 70
4575BIRTINYA/ BOKARINA/ BUDDINA/ KAWANA WATERS/ MINYAMA/ PARREARRA/ WARANA/ WURTULLA
$395 96 $400 104
NOOSA SHIRE $390 84 $360 105
4565BOREEN PT/ COOTHARABA/ LAKE COOTHARABA/ NOOSA PARKLANDS/ TEEWAH/ TEWANTIN
N/A 4 $300 10
4566 MUNNA PT/ NOOSAVILLE $370 36 $360 31
4567CASTAWAYS BCH/ LITTLE COVE/ NOOSA HEADS/ SUNRISE BCH/ SUNSHINE BCH
$400 43 $365 63
SUNSHINE COAST REGIONAL $410 204 $400 236
4519 BEERWAH/ PEACHESTER $320 10 $300 13
4551
AROONA/ BATTERY HILL/ CALOUNDRA/ CURRIMUNDI/ DIAMOND HEAD/ DICKY BCH/ GOLDEN BCH/ KINGS BCH/ LITTLE MTN/ MERIDAN PLNS/ MOFFAT BCH/ PELICAN WATERS/ SHELLY BCH
$420 27 $405 46
4556BUDERIM/ FOREST GLEN/ KUNDA PK/ MONS/ SIPPY DOWNS/ TANAWHA
$405 51 $400 36
4557BUNDILLS/ KAWANA IS/ MOOLOOLABA/ MOUNTAIN CK
$430 32 $420 34
4558COTTON TREE/ KULUIN/ MAROOCHYDORE/ SUNSHINE PLAZA
$400 26 $380 34
4560
BLI BLI/ BURNSIDE/ COES CK/ COOLOOLABIN/ DULONG/ FLAXTON/ HIGHWORTH/ IMAGE FLAT/ KIAMBA/ KULANGOOR/ KUREELPA/ MAPLETON/ MONTVILLE/ NAMBOUR/ PARKLANDS/ PERWILLOWEN/ ROSEMONT/ TOWEN MTN
$385 11 $380 14
4564 MARCOOLA/ MUDJIMBA/ PACIFIC PARADISE $385 14 $410 11
4573CENTENARY HEIGHTS/ COOLUM BCH/ MARCUS BCH/ MT COOLUM/ PEREGIAN BCH/ PT ARKWRIGHT/ YAROOMBA
$440 24 $440 35
4575BIRTINYA/ BOKARINA/ BUDDINA/ KAWANA WATERS/ MINYAMA/ PARREARRA/ WARANA/ WURTULLA
$390 6 $400 8
NOOSA SHIRE $520 21 $460 26
4566 MUNNA PT/ NOOSAVILLE $520 6 $475 13
4567CASTAWAYS BCH/ LITTLE COVE/ NOOSA HEADS/ SUNRISE BCH/ SUNSHINE BCH
$520 12 $460 11
SUNSHINE COAST (SD) 133 $242,000 -9.2% $256,000 4.5% -0.8% $258,000
SUNSHINE COAST (SD) ^ 28 $330,000 -1.5% $320,000 4.9% 0.0% $320,000
SUNSHINE COAST (LGA) 115 $230,000 -11.5% $251,000 2.7% -0.8% $253,000
SUNSHINE COAST (LGA) ^ 26 $330,000 -1.5% $320,000 3.2% 0.8% $317,500
BEERWAH 24 $218,500 1.6% $215,000 2.9% 14.5% $187,750
BIRTINYA 0 N/A N/A $298,500 8.6% -8.8% $327,250
BLI BLI 9 N/A N/A $260,500 4.6% 8.8% $239,500
CALOUNDRA WEST 2 N/A N/A $230,500 9.8% -20.5% $290,000
FOREST GLEN 2 N/A N/A $259,000 3.6% -1.7% $263,375
GLASS HOUSE MOUNTAINS 4 N/A N/A $198,000 1.5% -2.2% $202,500
LITTLE MOUNTAIN 0 N/A N/A $256,250 7.7% 1.7% $252,000
MALENY 2 N/A N/A $244,950 8.9% 16.6% $210,000
MAROOCHYDORE 6 N/A N/A $245,000 -0.2% 8.1% $226,575
MERIDAN PLAINS 4 N/A N/A $244,900 6.0% -6.7% $262,450
MOUNTAIN CREEK 5 N/A N/A $299,000 12.0% 12.8% $265,000
NAMBOUR 1 N/A N/A $184,000 6.7% -1.9% $187,500
PALMVIEW ^ 4 N/A N/A $320,000 3.2% N/A N/A
PELICAN WATERS 18 N/A N/A $269,000 -24.2% -23.1% $350,000
PEREGIAN SPRINGS 1 N/A N/A $375,000 31.6% 53.1% $245,000
SIPPY DOWNS 5 N/A N/A $195,000 -2.0% -16.5% $233,625
YAROOMBA 2 N/A N/A $322,500 -10.4% -5.1% $340,000
SURROUNDS
NOOSA (LGA) 18 N/A N/A $320,000 16.4% 2.2% $313,110
NOOSAVILLE 9 N/A N/A $334,500 -1.6% 6.8% $313,110
PEREGIAN BEACH 2 N/A N/A $245,000 4.3% -25.8% $330,000
SALES MARKET - VACANT LAND
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
RENTAL MARKET - 3 BED HOUSES (CONT’D)POST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
NOOSA SHIRE $450 114 $440 108
4563BLACK MOUNTAIN/ CARTERS RIDGE/ COOROY/ TINBEERWAH
$440 10 $390 15
4565BOREEN PT/ COOTHARABA/ LAKE COOTHARABA/ NOOSA PARKLANDS/ TEEWAH/ TEWANTIN
$430 40 $430 36
4566 MUNNA PT/ NOOSAVILLE $550 15 $450 11
4567CASTAWAYS BCH/ LITTLE COVE/ NOOSA HEADS/ SUNRISE BCH/ SUNSHINE BCH
$530 33 $480 31
4568 POMONA $430 5 $390 10
4569 COORAN 320 9 N/A 2
29
REGIONAL MARKET UPDATES
MARCH QUARTER 2016
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30 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
FRASER COASTOver the past few years, the new house and land package market in the Fraser Coast has been boosted by first-home owners accessing a $27,000 grant from the Great Start Grant and the Building Better Regional Cities Grant. While the second grant is due to expire by 30 June 2016, the projections of the house market in the area are conservative with a fear of an increased oversupply of housing.
First-home owners continue driving the demand as they are seeing good value in the current market conditions.
The median price for houses remained fairly stable over the March quarter while the unit median sale price showed a sharp improvement of about 6.2 per cent.
The rental market remains relatively stable despite the increase in new housing stock. New large infrastructure projects in the area are limited and that is a concern for the long-term projection of the residential property market in the region.
Overall, the house market remains steady while the units market may be stabilising in the Fraser Coast.
HOUSE MARKET
The annual median sale price increased by almost two per cent from $295,000 in March 2015 to $300,500 in March 2016 and the volume of sales also reported an annual increase of about 8.3 per cent , or 120 properties.
This increase has been driven primarily by the Great Start Grant in combination with the Building Better Region Grant. The latest is due to expire by the end of June 2016.
The medium-term performance of the market has been steady with the median sale price staying at around $300,000. The largest volume of sales activity remains below $350,000.
There is a portion of sellers having high expectations on property prices, which is actually driving large average days on market, which are now reaching close to four months. The vendor discount remains sitting between 7.5 per cent and 7.9 per cent.
UNIT MARKET
The annual median sale price for units has fallen by 6.5 per cent in 12 months and 8.8 per cent in five years. This slip has been driven primarily by the reduction in value of units located in five-star luxury resorts, which were a very popular construction around 2005. The market for this type of unit is very limited as the returns are low and the annual body corporate fees potentially fluctuate between $5,000 and $8,000.
The unit market activity reported an annual increase in sales of about 61 more units, which is equivalent to an increase of 22.5 per cent. The volume of sales for units priced above $250,000 is scarce.
The average days on market for units is about 127 days while the vendor discount increased from 5.7 per cent in February 2015 to 7.6 per cent in February 2016.
RENTAL MARKET
Vacancy rates in the region have generally remained at healthy levels over the past three years for both Hervey Bay and Maryborough.
The median weekly rent for a three-bedroom house and a two-bedroom unit increased by $10 in the March 2016 quarter, reaching $290 and $250 per week, respectively. Three bedroom townhouses reported a reduction of $20 per week.
The rental market in Fraser Coast remains stable and the gross rental yields are sitting at around 5.1 per cent for both units and houses.
33
145
165 161
51
96
137
73
13
50
71
19
<$250k $250K+ $350K+ $500k+
BRISBANE LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
1,266
461
70 46
924
331
45 37
413
192
35 17
<$250k $250K+ $350K+ $500k+
BRISBANE SURROUNDS LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
431
137
39 17 17
293
118
23 21 19
89
25 17 7 7
<$250k $250K+ $350K+ $500k+ $1M+
GOLD COAST LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
171
8 3
109
8 5
35
3 9
<$250k $250K+ $350K+
TOOWOOMBA LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
196 213
65
30 6
113
147
48
22 12
76
51
24 8 2
<$250k $250K+ $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
150
3 5
114
5 3
87
2 1
<$250k $250K+ $350K+
FRASER COAST LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
86
1 2
59
6 3
39
0 1
<$250k $250K+ $350K+
BUNDABERG LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
25
5
2
17
0 2
13
0 0
<$250k $250K+ $350K+
GLADSTONE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
96
7 1
89
2 3
39
2 0
<$250k $250K+ $350K+
ROCKHAMPTON & LIVINGSTONE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
45
5 2
32
7
2
24
1 1
<$250k $250K+ $350K+
MACKAY LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
173
13 5
109
8 9
36
3 3
<$250k $250K+ $350K+
TOWNSVILLE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
142
30
12
112
30
9
66
11 5
<$250k $250K+ $350K+
CAIRNS & DOUGLAS LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
112
511
1,612
920
114 56
450
1,294
743
92 60
285
785
490
50
<$250k $250K+ $350K+ $500k+ $1M+
BRISBANE UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
336
448 431
120
11
282
393
286
88
11
203
266
147
60
6
<$250k $250K+ $350K+ $500k+ $1M+
BRISBANE SURROUNDS UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
411
1,002 913
715
163
322
843 831
630
146 189
590 580
431
103
<$250k $250K+ $350K+ $500k+ $1M+
GOLD COAST UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
35
92
28
7
26
62
27
8
24
50
17
8
<$250k $250K+ $350K+ $500k+
TOOWOOMBA UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
103
288
330
211
42
125
271 283
233
45
80
189
228
159
28
<$250k $250K+ $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
56
24
7 4
42
27
6 2
29
19
8
2
<$250k $250K+ $350K+ $500k+
FRASER COAST UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
21 22
5 3
22 22
6
2
25
18
3 1
<$250k $250K+ $350K+ $500k+
BUNDABERG UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
7
5
9
3
14
6
4
2
7
5 5 5
<$250k $250K+ $350K+ $500k+
GLADSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
9
11
19
9
16 17
9
14
19
13
7
1
<$250k $250K+ $350K+ $500k+
ROCKHAMPTON & LIVINGSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
15
11
3 3
22
8
14
5
15
5 4
0
<$250k $250K+ $350K+ $500k+
MACKAY UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
63
37
23 20
52
43 37
17
44
34
14
3
<$250k $250K+ $350K+ $500k+
TOWNSVILLE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
291
101
67 50
11
247
91
55 39
9
167
44 34 27 3
<$250k $250K+ $350K+ $500k+ $1M+
CAIRNS & DOUGLAS UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
150
940
2,860
512
121
788
2,797
540
89
580
1,751
277
<$350K $350K+ $500k+ $1M+
BRISBANE HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
1,723
2,076
939
46
1,405
1,917
918
38
1,077
1,476
715
25
<$350K $350K+ $500k+ $1M+
BRISBANE SURROUNDS HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
37
750
1,064
198
30
588
985
176
41
471
739
141
<$350K $350K+ $500k+ $1M+
GOLD COAST HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
307
252
82
272 242
85
192 162
46
<$350K $350K+ $500k+
TOOWOOMBA HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
109
604
707
80 95
532
630
87 71
373
503
48
<$350K $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
286
136
18
302
96
18
214
62
14
<$350K $350K+ $500k+
FRASER COAST HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
230
58
12
198
62
15
136
42
3
<$350K $350K+ $500k+
BUNDABERG HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
68
54
13
58
44
17
38
28
7
<$350K $350K+ $500k+
GLADSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
195
94
18
202
76
34
168
59
27
<$350K $350K+ $500k+
ROCKHAMPTON & LIVINGSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
107 95
25
130
85
28
92
64
13
<$350K $350K+ $500k+
MACKAY HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
308
223
66
266
224
81
221
134
44
<$350K $350K+ $500k+
TOWNSVILLE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
201
338
178 159
312
150 155
213
97
<$350K $350K+ $500k+
CAIRNS & DOUGLAS HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
31
REGIONAL MARKET UPDATES
MARCH QUARTER 2016
SALES MARKET - UNITS & TOWNHOUSESFRASER COAST (LGA) 59 $254,750 6.2% $243,000 -6.5% -8.8% $266,500
PIALBA 12 N/A N/A $244,000 -4.3% -12.2% $278,000
SCARNESS 7 N/A N/A $265,000 10.4% 10.0% $241,000
TORQUAY 10 N/A N/A $219,000 2.8% -6.8% $235,000
URANGAN 18 N/A N/A $260,000 -6.6% -16.1% $310,000
SURROUNDS
GYMPIE (LGA) 16 N/A N/A $255,000 -8.6% 6.3% $240,000
FRASER COAST (LGA) 295 $295,000 0.0% $300,500 1.9% 0.2% $300,000
FRASER COAST (LGA) ^ 66 $382,500 -0.7% $378,000 3.6% -1.6% $384,000
BOORAL ^ 3 N/A N/A $375,000 2.7% -5.1% $395,000
BURRUM HEADS 10 N/A N/A $347,500 -12.1% -2.9% $357,750
DUNDOWRAN BEACH ^ 5 N/A N/A $560,000 12.0% 14.3% $490,000
ELI WATERS 17 N/A N/A $325,500 1.7% 0.9% $322,500
GLENWOOD ^ 6 N/A N/A $192,000 -1.5% -11.3% $216,500
GRANVILLE 5 N/A N/A $210,000 16.7% 2.4% $205,000
KAWUNGAN 10 N/A N/A $335,000 1.5% 2.8% $325,750
MARYBOROUGH 46 $185,000 -2.6% $192,000 -5.5% -14.7% $225,000
PIALBA 13 N/A N/A $288,500 6.9% -1.5% $293,000
POINT VERNON 31 $293,750 -11.0% $310,000 5.1% -0.9% $312,750
RIVER HEADS 4 N/A N/A $300,000 7.1% -2.4% $307,500
SCARNESS 10 N/A N/A $270,000 -1.5% -0.4% $271,000
TINANA 8 N/A N/A $302,500 12.0% -5.5% $320,000
TOOGOOM 11 N/A N/A $315,000 3.5% 6.3% $296,322
TORQUAY 27 $321,000 1.9% $320,000 3.8% -0.2% $320,513
URANGAN 29 $290,000 -6.5% $310,000 0.0% -3.1% $320,000
URRAWEEN 28 $327,500 -6.4% $349,250 1.5% 4.0% $335,900
SURROUNDS
GYMPIE (LGA) 113 $269,000 -5.5% $270,000 3.9% -3.6% $280,000
GYMPIE (LGA) ^ 62 $357,500 2.1% $350,000 7.7% 0.8% $347,250
CHATSWORTH ^ 0 N/A N/A $370,000 5.1% -4.4% $387,000
COOLOOLA COVE 17 N/A N/A $280,750 2.1% -6.3% $299,500
CURRA ^ 5 N/A N/A $267,500 2.9% -11.4% $302,000
GYMPIE 46 $235,000 -1.1% $232,250 -2.8% -7.3% $250,500
SOUTHSIDE 16 N/A N/A $325,000 3.2% 0.9% $322,000
TIN CAN BAY 9 N/A N/A $301,500 4.0% -13.9% $350,000
SOUTH BURNETT (LGA) 45 $215,000 19.4% $190,000 -2.6% -15.6% $225,000
SOUTH BURNETT (LGA) ^ 38 $241,000 -5.5% $235,000 -9.6% -19.6% $292,450
KINGAROY 24 $250,000 8.7% $231,375 -0.5% -11.5% $261,500
KINGAROY ^ 4 N/A N/A $349,000 -4.5% -12.8% $400,000
MURGON 5 N/A N/A $129,000 -7.9% -26.9% $176,500
NANANGO 6 N/A N/A $176,750 4.0% -17.8% $215,000
FRASER COAST (LGA) 49 $145,000 -3.0% $150,000 1.4% -4.3% $156,750
FRASER COAST (LGA) ^ 41 $70,000 -7.3% $71,000 -25.3% -21.1% $90,000
BURRUM HEADS 5 N/A N/A $110,000 4.8% -24.1% $145,000
GLENWOOD ^ 17 N/A N/A $65,500 0.0% -18.1% $80,000
RIVER HEADS 5 N/A N/A $115,000 24.3% -20.7% $145,000
TOOGOOM 4 N/A N/A $117,500 10.9% -21.7% $150,000
WONDUNNA 1 N/A N/A $155,000 -1.9% -11.4% $175,000
SURROUNDS
GYMPIE (LGA) 21 $119,000 -6.7% $126,750 10.2% 1.4% $125,000
GYMPIE (LGA) ^ 18 N/A N/A $120,000 -0.4% -4.0% $125,000
GYMPIE 6 N/A N/A $135,500 23.2% 5.4% $128,500
FRASER COAST REGIONAL $250 162 $240 171
4650 ALDERSHOT $190 40 $195 50
4655HERVEY BAY/ PIALBA/ SCARNESS/ URANGAN
$260 120 $260 119
GYMPIE REGIONAL $210 40 $215 41
4570GYMPIE/ AMAMOOR/ CURRA/ IMBIL/ KANDANGA/ MONKLAND/ SOUTHSIDE/ VICTORY HEIGHTS
$205 27 $210 28
4580 COOLOOLA/ TIN CAN BAY N/A 4 $220 5
4581 RAINBOW BEACH/ INSKIP $250 7 $250 7
SOUTH BURNETT REGIONAL $195 64 $185 65
4605 BARLIL $165 8 $155 5
4610 ALICE CREEK $200 46 $190 53
RENTAL MARKET - 3 BED TOWNHOUSES
RENTAL MARKET - 3 BED HOUSESPOST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
FRASER COAST REGIONAL $290 342 $280 309
4650 MARYBOROUGH REGION $260 133 $260 114
4655HERVEY BAY/ PIALBA/ SCARNESS/ URANGAN
$300 192 $300 170
4659 BURRUM/ BURRUM HEADS/ HOWARD $265 16 $270 22
GYMPIE REGIONAL $275 152 $260 161
4570GYMPIE/ AMAMOOR/ CURRA/ IMBIL/ KANDANGA/ MONKLAND/ SOUTHSIDE/ VICTORY HEIGHTS
$270 122 $260 119
4580 COOLOOLA/ TIN CAN BAY $280 22 $280 27
SOUTH BURNETT REGIONAL $250 131 $230 162
4605 BARLIL $200 24 $220 25
4606 CHARLESTOWN $245 13 $200 16
4608 CHARLESTOWN $230 5 $210 8
4610 ALICE CREEK $255 $63 $250 76
4615 BARKER CREEK FLAT $250 $23 $230 34
FRASER COAST REGIONAL $310 46 $330 54
4655HERVEY BAY/ PIALBA/ SCARNESS/ URANGAN
$320 41 $330 54
GYMPIE REGIONAL $305 13 $250 12
4570GYMPIE/ AMAMOOR/ CURRA/ IMBIL/ KANDANGA/ MONKLAND/ SOUTHSIDE/ VICTORY HEIGHTS
$330 10 $250 12
RENTAL MARKET - 2 BED UNITS
SALES MARKET - HOUSES
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
SALES MARKET - VACANT LAND
First home owners continue driving the demand as they are seeing good value in the current market conditions.
32 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
BUNDABERGThe Bundaberg residential property market is showing signs of stabilisation with a number of infrastructure projects in the horizon that have the potential to boost the economy.
Local real estate agents are reporting that the residential sales market has met the bottom of the cycle and will start moving into a recovery-to-rising phase in the near future.
The construction of the 28km gas pipeline commenced in April and is forecast for completion in about six months. It is anticipated the pipeline will be fully operational by December.
The $43 million Rubyanna wastewater treatment plant project is progressing and benefits to the economy should be visible when construction commences.
Construction at the Knauf Plasterboard plant has also started and production is scheduled to commence in June 2017. The company is now advertising online that the recruitment process is due to start around spring 2016 with the focus of employing local residents.
The Queensland State Government continues investing in improving the medical services in the region. Funding of $11 million was allocated for the improvement of medical facilities, to establish cardiology, care and ophthalmology services and also replacing of the CT unit.
The remaining latent challenge for the economy and the residential property market is jobs growth. Casual jobs are becoming very common. The medium-term prognosis of the Bundaberg residential property market appears to be positive while investment in infrastructure and from private companies is on the way.
Overall, the expectations are that any potential growth will be steady and sustainable and will support a stronger property market in the area.
HOUSE MARKET
Buyers are coming back to the market and are more active. Sales activity has been driven lately by out-of-area buyers (including interstate buyers), who have been away from the market for about six years.
Within these buyers, retirees, pre-retirees and superannuation investors are predominant. First-home buyers are also active in the market and the largest volume of sales in the house market fluctuates between the $350,000 to $410,000 price range.
The median sale price showed a slight increase in the March quarter, however the annual median sale price fell from $280,000 in March 2015 to $275,000 in March 2016.
The average days on market and the vendor discount remained relatively stable in February 2016, which provides signs of the market potentially reaching the bottom of the cycle.
The land market may soon see a new land development in Bargara in the corner of Moodies Road and Watsons Road. This project is currently owned by Investec and will most likely target owner-occupiers rather than investors.
UNIT MARKET
There are no new developments planned and this is supporting the steadying of the market. The volume of unit sales increased slightly over the past 12 months, reaching a total of 210 units in March 2016 compared to 190 units in March 2015.
The unit market is driven by young first-home buyers, self-funded retirees and some local buyers looking for waterfront holiday high-end units. Properties below the $350,000 range are the most common transactions in the area.
Some good news is that the average days on market has reduced by about one month, from 152 days in February 2015 to 123 days in February 2015. The average vendor discount remains at about eight per cent, sitting in the middle range in the overall Queensland property market.
RENTAL MARKET
The rental market remains subdued following some slippage that began six to 12 months ago when the flood-repair workers left town. Tenants, like buyers, are now conscious market conditions favour them and will shop around before making decisions.
Local agents indicate that weekly rents are discounted between per cent five and 10 per cent, hence they have returned to pre-flood rent levels.
The RTA median weakly rent data shows unchanged rents for three-bedroom houses and two-bedroom apartments. However, three-bedroom townhouses reported a reduction of about five per cent for the 12 months ending March 2016.
The market is now seeing people moving into the area to work on some of the new infrastructure projects. It is expected that this will shortly have a positive impact on vacancy rates, which are now around 5.2 per cent.
The Queensland State Government continues investing in improving the medical services in the region. Funding of $11 million was allocated for the improvement of medical facilities, to establish cardiology, care and ophthalmology services and also replacing of the CT unit.
33
REGIONAL MARKET UPDATES
MARCH QUARTER 2016
BUNDABERG REGIONAL $280 328 $280 361
4660APPLE TREE CREEK/ CHILDERS/ WOODGATE
$290 20 $275 24
4670BUNDABERG/ AVOCA/ BARGARA/ BURNETT HEADS/ INNES PARK/ KEPNOCK/ MILLBANK/ THABEBAN
$280 285 $285 315
4671 GIN GIN/ MOUNT PERRY $250 21 $250 22
NORTH BURNETT REGIONAL $230 41 $215 54
4625 ARANBANGA $245 20 $235 24
4626 BEERON $250 11 $200 10
4630 BANCROFT $200 5 $180 15
RENTAL MARKET - 3 BED TOWNHOUSES
SALES MARKET - VACANT LAND
SALES MARKET - UNITS & TOWNHOUSES
RENTAL MARKET - 2 BED UNITS
RENTAL MARKET - 3 BED HOUSESPOST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
BUNDABERG REGIONAL $230 160 $230 185
4670BUNDABERG/ AVOCA/ BARGARA/ BURNETT HEADS/ INNES PARK/ KEPNOCK/ MILLBANK/ THABEBAN
$230 157 $230 181
BUNDABERG (LGA) 182 $276,000 0.4% $275,000 -1.8% -3.5% $285,000
BUNDABERG (LGA) ^ 37 $345,000 7.8% $335,000 -4.3% 0.0% $335,000
AVENELL HEIGHTS 10 N/A N/A $280,000 8.1% 2.9% $272,000
AVOCA 12 N/A N/A $292,000 -11.0% -4.3% $305,000
BARGARA 22 $381,000 3.7% $380,000 0.7% 3.6% $366,750
BRANYAN ^ 5 N/A N/A $353,000 -11.8% -1.1% $357,000
BUNDABERG EAST 7 N/A N/A $250,000 2.5% -9.7% $277,000
BUNDABERG NORTH 8 N/A N/A $218,000 -5.2% -14.5% $255,000
BUNDABERG SOUTH 6 N/A N/A $236,000 0.4% -9.2% $260,000
BUNDABERG WEST 3 N/A N/A $240,000 -18.0% 0.4% $239,000
BURNETT HEADS 10 N/A N/A $284,500 -5.2% -2.3% $291,250
CORAL COVE 2 N/A N/A $438,500 12.4% 8.0% $406,000
KALKIE 6 N/A N/A $363,250 19.1% -0.2% $363,900
KEPNOCK 7 N/A N/A $255,625 -7.4% -9.2% $281,500
MILLBANK 9 N/A N/A $246,000 6.0% -7.5% $266,000
NORVILLE 9 N/A N/A $214,500 -4.7% -6.7% $230,000
SVENSSON HEIGHTS 11 N/A N/A $250,000 -3.9% -2.0% $255,000
THABEBAN 9 N/A N/A $265,500 -0.8% -7.3% $286,500
WALKERVALE 13 N/A N/A $230,000 -2.5% 0.0% $230,000
WOODGATE 4 N/A N/A $382,500 -11.1% -13.1% $440,000
SURROUNDS
NORTH BURNETT (LGA) 18 N/A N/A $147,000 1.4% -8.1% $160,000
BUNDABERG (LGA) 47 $246,000 -8.9% $261,250 -2.1% 4.5% $250,000
AVENELL HEIGHTS 9 N/A N/A $240,000 -4.0% 6.7% $225,000
BARGARA 18 N/A N/A $302,000 -16.7% -13.7% $350,000
BUNDABERG (LGA) 33 $148,000 -1.3% $144,000 0.0% 3.6% $139,000
BUNDABERG (LGA) ^ 7 N/A N/A $150,000 4.0% 16.3% $129,000
BRANYAN 0 N/A N/A $145,000 5.8% 10.7% $131,000
BUNDABERG REGIONAL $285 21 $300 19
4670BUNDABERG/ AVOCA/ BARGARA/ BURNETT HEADS/ INNES PARK/ KEPNOCK/ MILLBANK/ THABEBAN
$285 20 $300 19
SALES MARKET - HOUSES
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
33
145
165 161
51
96
137
73
13
50
71
19
<$250k $250K+ $350K+ $500k+
BRISBANE LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
1,266
461
70 46
924
331
45 37
413
192
35 17
<$250k $250K+ $350K+ $500k+
BRISBANE SURROUNDS LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
431
137
39 17 17
293
118
23 21 19
89
25 17 7 7
<$250k $250K+ $350K+ $500k+ $1M+
GOLD COAST LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
171
8 3
109
8 5
35
3 9
<$250k $250K+ $350K+
TOOWOOMBA LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
196 213
65
30 6
113
147
48
22 12
76
51
24 8 2
<$250k $250K+ $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
150
3 5
114
5 3
87
2 1
<$250k $250K+ $350K+
FRASER COAST LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
86
1 2
59
6 3
39
0 1
<$250k $250K+ $350K+
BUNDABERG LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
25
5
2
17
0 2
13
0 0
<$250k $250K+ $350K+
GLADSTONE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
96
7 1
89
2 3
39
2 0
<$250k $250K+ $350K+
ROCKHAMPTON & LIVINGSTONE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
45
5 2
32
7
2
24
1 1
<$250k $250K+ $350K+
MACKAY LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
173
13 5
109
8 9
36
3 3
<$250k $250K+ $350K+
TOWNSVILLE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
142
30
12
112
30
9
66
11 5
<$250k $250K+ $350K+
CAIRNS & DOUGLAS LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
112
511
1,612
920
114 56
450
1,294
743
92 60
285
785
490
50
<$250k $250K+ $350K+ $500k+ $1M+
BRISBANE UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
336
448 431
120
11
282
393
286
88
11
203
266
147
60
6
<$250k $250K+ $350K+ $500k+ $1M+
BRISBANE SURROUNDS UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
411
1,002 913
715
163
322
843 831
630
146 189
590 580
431
103
<$250k $250K+ $350K+ $500k+ $1M+
GOLD COAST UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
35
92
28
7
26
62
27
8
24
50
17
8
<$250k $250K+ $350K+ $500k+
TOOWOOMBA UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
103
288
330
211
42
125
271 283
233
45
80
189
228
159
28
<$250k $250K+ $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
56
24
7 4
42
27
6 2
29
19
8
2
<$250k $250K+ $350K+ $500k+
FRASER COAST UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
21 22
5 3
22 22
6
2
25
18
3 1
<$250k $250K+ $350K+ $500k+
BUNDABERG UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
7
5
9
3
14
6
4
2
7
5 5 5
<$250k $250K+ $350K+ $500k+
GLADSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
9
11
19
9
16 17
9
14
19
13
7
1
<$250k $250K+ $350K+ $500k+
ROCKHAMPTON & LIVINGSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
15
11
3 3
22
8
14
5
15
5 4
0
<$250k $250K+ $350K+ $500k+
MACKAY UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
63
37
23 20
52
43 37
17
44
34
14
3
<$250k $250K+ $350K+ $500k+
TOWNSVILLE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
291
101
67 50
11
247
91
55 39
9
167
44 34 27 3
<$250k $250K+ $350K+ $500k+ $1M+
CAIRNS & DOUGLAS UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
150
940
2,860
512
121
788
2,797
540
89
580
1,751
277
<$350K $350K+ $500k+ $1M+
BRISBANE HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
1,723
2,076
939
46
1,405
1,917
918
38
1,077
1,476
715
25
<$350K $350K+ $500k+ $1M+
BRISBANE SURROUNDS HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
37
750
1,064
198
30
588
985
176
41
471
739
141
<$350K $350K+ $500k+ $1M+
GOLD COAST HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
307
252
82
272 242
85
192 162
46
<$350K $350K+ $500k+
TOOWOOMBA HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
109
604
707
80 95
532
630
87 71
373
503
48
<$350K $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
286
136
18
302
96
18
214
62
14
<$350K $350K+ $500k+
FRASER COAST HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
230
58
12
198
62
15
136
42
3
<$350K $350K+ $500k+
BUNDABERG HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
68
54
13
58
44
17
38
28
7
<$350K $350K+ $500k+
GLADSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
195
94
18
202
76
34
168
59
27
<$350K $350K+ $500k+
ROCKHAMPTON & LIVINGSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
107 95
25
130
85
28
92
64
13
<$350K $350K+ $500k+
MACKAY HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
308
223
66
266
224
81
221
134
44
<$350K $350K+ $500k+
TOWNSVILLE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
201
338
178 159
312
150 155
213
97
<$350K $350K+ $500k+
CAIRNS & DOUGLAS HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
34 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
GLADSTONEThe Gladstone economy, including the jobs market, remains weak. The median sale price for houses and units have contracted to similar levels last seen in 2007 and 2008.
In April 2016, the Queensland Government approved mining leases for the $21.7 billion Carmichael coal mine and rail project in the Galilee Basin. Further approvals are still required before construction starts.
The proposed Casper Oil Refinery remains on hold and no further developments have been announced in 2016. Local residents are now becoming concerned about the viability of the project.
The projections of the economy and the property market in the region are not very promising while job losses from major regional employers, such as Rio Tinto, QAL and NRG have occurred during the first few months in 2016. Both the house and unit sale market continue following a downward trend and there is not any indication at this stage as to when the fall will ease.
The rental market is one of the weakest in Queensland with vacancy rates reaching double digits by late 2015. Investors are constantly being challenged by current market conditions and some of them are now deciding to exit the market contemplating large losses or bankruptcy.
HOUSE MARKET
The median sale price for the quarter has dropped by 1.4 per cent, reaching $345,000. The annual fall in the median sale price is 6.7 per cent, while the five year fall is 11.4 per cent which is equivalent to an annual fall of 2.2 per cent. The volume of sales has continued dropping for the March quarter with the largest activity in the sales market remaining in the price range below $350,000.
The average vendor discount is one of the largest in the state, reaching 10.2 per cent in February 2016 compared with five per cent about five years ago. Average days on market ranged between three and four months with little significant improvement in the market.
UNIT MARKET
The unit market in Gladstone continues to soften. In March 2016, the median sale price increased by about 30 per cent. This increase is very anomalous and is just a reflection of the small number of transactions in the December quarter and the different mixture of units included in the calculations.
The volume of sales appears to be stable or has potentially increased in the March quarter (taking into consideration that the March quarter volumes are still preliminary). Despite this potential improvement in level of activity, the median sale price for the year has dropped by about 14.5 per cent with the annual median sale price reaching $265,000 compared to $310,000 about 12 months ago.
The medium-term performance of the unit market has been disappointing as the median sale price reported an accumulated reduction of about 29.3 per cent over a five-year period. This is equivalent to a loss of about $110,000 over about five years (or $22,000 per year).
Units listed for sale remain on the market an average of four months and 10 days and if they are sold, the average vendor discount is around 10 per cent . This data defines one of the weakest areas in the state and highlights the challenges experienced by the residential property market.
RENTAL MARKET
The rental market continues slip with no sign of improvement on the horizon. Vacancy rates hover around 11.3 per cent in the March quarter. The rental market has not recorded positive market conditions since late December 2012, when vacancy rates commenced to lift.
The median weekly rent has fallen over the March 2016 quarter with rents dropping between $50 to $100 dollars a week. The largest reduction in rent was seen in three-bedroom townhouses, which reduced from $350 in March 2015 to $250 in March 2016, as tenants opted for greater value, renting larger houses for a similar price range.
33
145
165 161
51
96
137
73
13
50
71
19
<$250k $250K+ $350K+ $500k+
BRISBANE LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
1,266
461
70 46
924
331
45 37
413
192
35 17
<$250k $250K+ $350K+ $500k+
BRISBANE SURROUNDS LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
431
137
39 17 17
293
118
23 21 19
89
25 17 7 7
<$250k $250K+ $350K+ $500k+ $1M+
GOLD COAST LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
171
8 3
109
8 5
35
3 9
<$250k $250K+ $350K+
TOOWOOMBA LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
196 213
65
30 6
113
147
48
22 12
76
51
24 8 2
<$250k $250K+ $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
150
3 5
114
5 3
87
2 1
<$250k $250K+ $350K+
FRASER COAST LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
86
1 2
59
6 3
39
0 1
<$250k $250K+ $350K+
BUNDABERG LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
25
5
2
17
0 2
13
0 0
<$250k $250K+ $350K+
GLADSTONE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
96
7 1
89
2 3
39
2 0
<$250k $250K+ $350K+
ROCKHAMPTON & LIVINGSTONE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
45
5 2
32
7
2
24
1 1
<$250k $250K+ $350K+
MACKAY LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
173
13 5
109
8 9
36
3 3
<$250k $250K+ $350K+
TOWNSVILLE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
142
30
12
112
30
9
66
11 5
<$250k $250K+ $350K+
CAIRNS & DOUGLAS LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
112
511
1,612
920
114 56
450
1,294
743
92 60
285
785
490
50
<$250k $250K+ $350K+ $500k+ $1M+
BRISBANE UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
336
448 431
120
11
282
393
286
88
11
203
266
147
60
6
<$250k $250K+ $350K+ $500k+ $1M+
BRISBANE SURROUNDS UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
411
1,002 913
715
163
322
843 831
630
146 189
590 580
431
103
<$250k $250K+ $350K+ $500k+ $1M+
GOLD COAST UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
35
92
28
7
26
62
27
8
24
50
17
8
<$250k $250K+ $350K+ $500k+
TOOWOOMBA UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
103
288
330
211
42
125
271 283
233
45
80
189
228
159
28
<$250k $250K+ $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
56
24
7 4
42
27
6 2
29
19
8
2
<$250k $250K+ $350K+ $500k+
FRASER COAST UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
21 22
5 3
22 22
6
2
25
18
3 1
<$250k $250K+ $350K+ $500k+
BUNDABERG UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
7
5
9
3
14
6
4
2
7
5 5 5
<$250k $250K+ $350K+ $500k+
GLADSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
9
11
19
9
16 17
9
14
19
13
7
1
<$250k $250K+ $350K+ $500k+
ROCKHAMPTON & LIVINGSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
15
11
3 3
22
8
14
5
15
5 4
0
<$250k $250K+ $350K+ $500k+
MACKAY UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
63
37
23 20
52
43 37
17
44
34
14
3
<$250k $250K+ $350K+ $500k+
TOWNSVILLE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
291
101
67 50
11
247
91
55 39
9
167
44 34 27 3
<$250k $250K+ $350K+ $500k+ $1M+
CAIRNS & DOUGLAS UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
150
940
2,860
512
121
788
2,797
540
89
580
1,751
277
<$350K $350K+ $500k+ $1M+
BRISBANE HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
1,723
2,076
939
46
1,405
1,917
918
38
1,077
1,476
715
25
<$350K $350K+ $500k+ $1M+
BRISBANE SURROUNDS HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
37
750
1,064
198
30
588
985
176
41
471
739
141
<$350K $350K+ $500k+ $1M+
GOLD COAST HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
307
252
82
272 242
85
192 162
46
<$350K $350K+ $500k+
TOOWOOMBA HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
109
604
707
80 95
532
630
87 71
373
503
48
<$350K $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
286
136
18
302
96
18
214
62
14
<$350K $350K+ $500k+
FRASER COAST HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
230
58
12
198
62
15
136
42
3
<$350K $350K+ $500k+
BUNDABERG HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
68
54
13
58
44
17
38
28
7
<$350K $350K+ $500k+
GLADSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
195
94
18
202
76
34
168
59
27
<$350K $350K+ $500k+
ROCKHAMPTON & LIVINGSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
107 95
25
130
85
28
92
64
13
<$350K $350K+ $500k+
MACKAY HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
308
223
66
266
224
81
221
134
44
<$350K $350K+ $500k+
TOWNSVILLE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
201
338
178 159
312
150 155
213
97
<$350K $350K+ $500k+
CAIRNS & DOUGLAS HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
35
REGIONAL MARKET UPDATES
MARCH QUARTER 2016
GLADSTONE (LGA) 23 $302,500 30.1% $265,000 -14.5% -29.3% $375,000
RENTAL MARKET - 3 BED TOWNHOUSES
SALES MARKET - UNITS & TOWNHOUSES
RENTAL MARKET - 2 BED UNITS
RENTAL MARKET - 3 BED HOUSESPOST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
GLADSTONE (LGA) 75 $345,000 -1.4% $350,000 -6.7% -11.4% $395,000
GLADSTONE (LGA) ^ 26 $335,000 -14.1% $385,000 -19.4% -23.3% $502,000
AGNES WATER ^ 9 N/A N/A $326,000 -6.2% -14.2% $380,000
BOYNE ISLAND 5 N/A N/A $380,000 -9.5% -14.3% $443,500
CALLIOPE 4 N/A N/A $342,000 -8.8% -16.0% $407,000
CLINTON 12 N/A N/A $335,500 -5.8% -14.0% $390,000
GLEN EDEN 2 N/A N/A $360,000 -15.6% -19.6% $447,500
KIN KORA 5 N/A N/A $329,000 -5.7% -14.5% $385,000
KIRKWOOD 3 N/A N/A $420,000 -2.6% -17.2% $507,500
NEW AUCKLAND 10 N/A N/A $375,000 1.4% -5.5% $397,000
SOUTH GLADSTONE 3 N/A N/A $360,000 10.1% 1.4% $355,000
TANNUM SANDS 4 N/A N/A $430,000 1.2% -3.4% $445,000
TELINA 2 N/A N/A $405,000 1.9% -8.5% $442,500
WEST GLADSTONE 10 N/A N/A $253,000 -16.6% -30.7% $365,000
SURROUNDS
BANANA (LGA) 12 N/A N/A $240,000 -9.8% -11.1% $270,000
BILOELA 6 N/A N/A $275,000 -11.3% -3.3% $284,500
GLADSTONE (LGA) 5 N/A N/A $185,000 -2.6% -2.1% $189,000
KIRKWOOD 0 N/A N/A $195,000 1.3% 0.0% $195,000
GLADSTONE REGIONAL $250 284 $300 274
4677 AGNES WATER/ MIRIAM VALE $330 23 $300 22
4680GLADSTONE/ BOYNE ISLAND/ CLINTON/ NEW AUCKLAND/ KIN KORA/ TANNUM SANDS
$240 250 $300 249
BANANA SHIRE $280 36 $250 47
4715 BILOELA $310 22 $320 18
4718 BAUHINIA $225 11 $220 26
GLADSTONE REGIONAL $190 216 $250 229
4677 AGNES WATER/ MIRIAM VALE $250 10 $250 5
4680GLADSTONE/ BOYNE ISLAND/ CLINTON/ NEW AUCKLAND/ KIN KORA/ TANNUM SANDS
$180 206 $250 224
BANANA SHIRE $220 14 $250 17
4715 BILOELA $250 $12 $270 11
GLADSTONE REGIONAL $250 72 $350 109
4680GLADSTONE/ BOYNE ISLAND/ CLINTON/ NEW AUCKLAND/ KIN KORA/ TANNUM SANDS
$250 67 $340 106
4677 AGNES WATER/ MIRIAM VALE $300 5 N/A 3
SALES MARKET - HOUSES
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
SALES MARKET - VACANT LAND
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
36 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
ROCKHAMPTONThe Rockhampton market continues to experience challenges and investor activity is diminishing, leaving first-home buyers the dominant group taking advantage of good buying opportunities.
The annual median sale price has continued to slide in the March 2016 quarter and the medium term (five years) median sale price fell by 7.5 per cent for houses and 10.6 per cent for units. However, the good news is that the economic outlook in the Rockhampton region indicates there may be significant international investment on the horizon.
The recently announced Australia-Singapore strategic partnership is a positive for the region as Singapore will potentially invest up to $2.25 billion in the expansion of two of Australians most important military training facilities, the Shoalwater Bay (Rockhampton) training area and the Townsville field training area.
The Counsel General of the People’s Republic of China also visited Rockhampton in May to explore trade and investment opportunities in the beef industry.
The Rockhampton rental market continued to struggle. The March quarter reported an increase in the vacancy rates, reaching 6.9 per cent despite the cycle of returning uni students usually favouring the first quarter of the year.
Overall, the Rockhampton residential property market remains weak in both sales and rentals. However, the medium outlook appears promising with international investment projects in the pipeline.
HOUSE MARKET
The median sale price has again slipped over the March quarter, reaching $270,000, a level last seen in around 2007.
Real estate agents report sales activity is slow but appears to be more stable than recent quarters.
Vendor confidence remains low and this is revealed in the reduced listings volume, from 2848 in February 2015 to 2247 in February 2016, a drop of 21 per cent.
The residential market activity appears to be sitting at the bottom of the cycle. Days on market for the region remain above 100 days for the 12 months to February
2016, while preliminary average vendor discount rate is sitting around 9.8 per cent.
The current slow pace of the residential property market is attracting a few bargain hunters who are looking for long-term capital gains.
The short-term outlook of the property market remains challenging. However property sector specialists are closely following any potential progress on the Singapore deal, which may double the Singapore armed forces’ access to training facilities in Shoalwater Bay and Townsville training areas. This deal will require additional local investment to cope with an increase in the number of soldiers and their length of stay from 6,000 for six weeks a year to 14,000 for 18 weeks a year.
UNIT MARKET
The unit market activity contracted with the annual number of sales dropping from 133 in March 2015 to 86 in March 2016. The unit median sale price for the March quarter was $264,500 with the average days on market remaining between three to four months.
Rockhampton City reported an annual median sale price to March 2016 of $435,000, which is skewed by the sale of riverfront apartments in the Empire building (40 storeys combining hotel rooms and residential accommodation). This type of development is popular in the region while bringing a new outlook to the CBD area and providing lifestyle and riverfront accommodation to locals.
RENTAL MARKET
Property investors remain cautious given the rising vacancy rates.
Vacancy rates for March increased from 6.1 per cent to 6.9 per cent despite the first quarter of the year usually heralding the en masse return of students to the area.
Prior to the resources downturn Rockhampton vacancy rates were sitting in the tight to healthy range between 1.5 per cent and 3.5 per cent, which means that the excess of rental properties in the region has doubled over the past three years.
Weekly rent for three-bed houses, two-bed flats and three-bed townhouses have all fallen over the past 12 months.
The rental market is weak with investors’ confidence remaining cautious and alert.
150
940
2,860
512
121
788
2,797
540
89
580
1,751
277
<$350K $350K+ $500k+ $1M+
BRISBANE HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
1,723
2,076
939
46
1,405
1,917
918
38
1,077
1,476
715
25
<$350K $350K+ $500k+ $1M+
BRISBANE SURROUNDS HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
37
750
1,064
198
30
588
985
176
41
471
739
141
<$350K $350K+ $500k+ $1M+
GOLD COAST HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
307
252
82
272 242
85
192 162
46
<$350K $350K+ $500k+
TOOWOOMBA HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
109
604
707
80 95
532
630
87 71
373
503
48
<$350K $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
286
136
18
302
96
18
214
62
14
<$350K $350K+ $500k+
FRASER COAST HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
230
58
12
198
62
15
136
42
3
<$350K $350K+ $500k+
BUNDABERG HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
68
54
13
58
44
17
38
28
7
<$350K $350K+ $500k+
GLADSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
195
94
18
202
76
34
168
59
27
<$350K $350K+ $500k+
ROCKHAMPTON & LIVINGSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
107 95
25
130
85
28
92
64
13
<$350K $350K+ $500k+
MACKAY HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
308
223
66
266
224
81
221
134
44
<$350K $350K+ $500k+
TOWNSVILLE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
201
338
178 159
312
150 155
213
97
<$350K $350K+ $500k+
CAIRNS & DOUGLAS HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
The Australia-Singapore strategic partnership is a positive for the region as Singapore will potentially invest up to $2.25 billion in the expansion of two of Australians most important military training facilities.
37
REGIONAL MARKET UPDATES
MARCH QUARTER 2016
SALES MARKET - VACANT LAND
SALES MARKET - UNITS & TOWNHOUSES
RENTAL MARKET - 3 BED HOUSESPOST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
ROCKHAMPTON (LGA) 179 $270,000 -3.6% $282,000 -4.4% -7.5% $305,000
ROCKHAMPTON (LGA) ^ 14 N/A N/A $377,500 -0.7% 0.7% $375,000
ALLENSTOWN 15 N/A N/A $262,500 5.0% 0.5% $261,250
BERSERKER 17 N/A N/A $220,000 -5.2% -10.4% $245,500
FRENCHVILLE 26 $335,000 5.7% $318,500 -3.0% -5.1% $335,500
GRACEMERE 13 N/A N/A $308,500 -3.6% -6.4% $329,500
KAWANA 13 N/A N/A $287,500 -8.7% -8.5% $314,250
KOONGAL 15 N/A N/A $236,250 -6.8% -9.1% $260,000
MOUNT MORGAN 6 N/A N/A $105,000 10.5% -16.0% $125,000
NORMAN GARDENS 25 $389,000 17.9% $385,000 -7.2% -12.5% $440,000
PARK AVENUE 15 N/A N/A $240,000 -7.0% -7.0% $258,000
THE RANGE 11 N/A N/A $355,125 -2.0% -3.0% $366,000
WANDAL 9 N/A N/A $299,250 -5.0% 6.9% $280,000
SURROUNDS
CENTRAL HIGHLANDS (LGA) 24 $160,000 -18.0% $200,000 -28.6% -43.7% $355,000
BLACKWATER 6 N/A N/A $127,500 -15.6% -61.0% $326,750
EMERALD 16 N/A N/A $245,000 -23.3% -35.5% $380,000
LIVINGSTONE (LGA) 79 $387,500 4.7% $375,000 -0.7% -2.1% $383,000
LIVINGSTONE (LGA) ^ 33 $467,500 -3.6% $470,000 -5.2% 2.2% $460,000
EMU PARK 7 N/A N/A $317,500 -13.0% -15.6% $376,000
LAMMERMOOR 12 N/A N/A $422,500 -1.7% -1.2% $427,500
YEPPOON 13 N/A N/A $357,500 -0.7% -5.0% $376,500
ZILZIE 5 N/A N/A $375,000 -3.9% -3.8% $390,000
ROCKHAMPTON (LGA) 20 $264,500 -0.2% $309,750 -15.1% 10.6% $280,000
ROCKHAMPTON CITY 1 N/A N/A $435,000 -1.7% 11.8% $389,000
SURROUNDS
LIVINGSTONE (LGA) 20 $252,500 -28.9% $345,000 10.6% 4.5% $330,000
YEPPOON 12 N/A N/A $343,500 25.8% -9.6% $380,000
ROCKHAMPTON (LGA) 8 N/A N/A $159,500 -6.2% 18.1% $135,000
GRACEMERE 2 N/A N/A $148,500 0.0% 10.4% $134,500
NORMAN GARDENS 3 N/A N/A $170,000 -5.5% -2.9% $175,000
SURROUNDS
LIVINGSTONE (LGA) 26 $172,000 -1.7% $170,000 -0.6% 6.3% $160,000
HIDDEN VALLEY 4 N/A N/A $176,000 -0.6% -54.0% $382,250
PARKHURST 7 N/A N/A $165,000 -4.1% -25.0% $220,000
ZILZIE 2 N/A N/A $159,000 -5.5% -6.5% $170,000
ROCKHAMPTON REGIONAL $295 261 $300 274
4700ALLENSTOWN/ DEPOT HILL/ GREAT KEPPEL IS/ ROCKHAMPTON/ WANDAL
$290 94 $290 93
4701
CENTRAL QLD UNI/ FRENCHVILLE/ KALKA/ KOONGAL/ LAKES CK/ NERIMBERA/ NTH ROCKHAMPTON/ OASIS GARDENS/ PK AVENUE PO/ ROCKHAMPTON
$300 157 $300 169
LIVINGSTONE SHIRE $300 155 $300 171
4702
AMBROSE/ BANANA/ BARALABA/ GINDIE/ GRACEMERE/ JERICHO/ KEPPEL SANDS/ SAPHIRE/ STANWELL/ RUBYVALE/ WESTWOOD/ WOORABINDA/ WOWAN/ YARAKA ETC
$280 67 $280 67
4703
BAYFIELD/ BUNGUNDARRA/ BYFIELD/ COOEE BAY/ FARNBOROUGH/ KEMP BCH/ KINKA BCH/ LAMMERMOOR BCH/ STATUTE BAY/ TARANGANBA/ WOODBURY/ YEPPOON
$320 73 $330 83
4710 EMU PARK, ZILZIE $300 13 $300 21
4714 MOUNT MORGAN 220 10 220 12
CENTRAL HIGHLANDS REGIONAL $220 103 $240 123
4717 BLACKWATER $200 51 $200 53
4720 EMERALD $250 45 $260 62
RENTAL MARKET - 2 BED UNITSPOST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 3 BED TOWNHOUSES
ROCKHAMPTON REGIONAL $220 203 $235 212
4700ALLENSTOWN/ DEPOT HILL/ GREAT KEPPEL IS/ ROCKHAMPTON/ WANDAL
$230 62 $260 70
4701
CENTRAL QLD UNI/ FRENCHVILLE/ KALKA/ KOONGAL/ LAKES CK/ NERIMBERA/ NTH ROCKHAMPTON/ OASIS GARDENS/ PK AVENUE PO/ ROCKHAMPTON
$220 141 $230 141
LIVINGSTONE SHIRE $275 68 $280 87
4702
AMBROSE/ BANANA/ BARALABA/ GINDIE/ GRACEMERE/ JERICHO/ KEPPEL SANDS/ SAPHIRE/ STANWELL/ RUBYVALE/ WESTWOOD/ WOORABINDA/ WOWAN/ YARAKA ETC
$200 8 $200 5
4703
BAYFIELD/ BUNGUNDARRA/ BYFIELD/ COOEE BAY/ FARNBOROUGH/ KEMP BCH/ KINKA BCH/ LAMMERMOOR BCH/ STATUTE BAY/ TARANGANBA/ WOODBURY/ YEPPOON
$300 58 $280 76
CENTRAL HIGHLANDS REGIONAL $156 79 $190 69
4717 BLACKWATER $150 9 $120 8
4720 EMERALD $160 60 $200 60
4722 SPRINGSURE $143 8 N/A N/A
ROCKHAMPTON REGIONAL $340 7 $360 9
4701
CENTRAL QLD UNI/ FRENCHVILLE/ KALKA/ KOONGAL/ LAKES CK/ NERIMBERA/ NTH ROCKHAMPTON/ OASIS GARDENS/ PK AVENUE PO/ ROCKHAMPTON
$330 6 $360 5
LIVINGSTONE SHIRE $320 18 $320 10
4702
AMBROSE/ BANANA/ BARALABA/ GINDIE/ GRACEMERE/ JERICHO/ KEPPEL SANDS/ SAPHIRE/ STANWELL/ RUBYVALE/ WESTWOOD/ WOORABINDA/ WOWAN/ YARAKA ETC
$350 7 N/A 4
4703
BAYFIELD/ BUNGUNDARRA/ BYFIELD/ COOEE BAY/ FARNBOROUGH/ KEMP BCH/ KINKA BCH/ LAMMERMOOR BCH/ STATUTE BAY/ TARANGANBA/ WOODBURY/ YEPPOON
$285 10 $300 6
CENTRAL HIGHLIGHTS REGIONAL $210 8 $280 21
4720 EMERALD $210 8 $280 18
33
145
165 161
51
96
137
73
13
50
71
19
<$250k $250K+ $350K+ $500k+
BRISBANE LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
1,266
461
70 46
924
331
45 37
413
192
35 17
<$250k $250K+ $350K+ $500k+
BRISBANE SURROUNDS LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
431
137
39 17 17
293
118
23 21 19
89
25 17 7 7
<$250k $250K+ $350K+ $500k+ $1M+
GOLD COAST LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
171
8 3
109
8 5
35
3 9
<$250k $250K+ $350K+
TOOWOOMBA LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
196 213
65
30 6
113
147
48
22 12
76
51
24 8 2
<$250k $250K+ $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
150
3 5
114
5 3
87
2 1
<$250k $250K+ $350K+
FRASER COAST LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
86
1 2
59
6 3
39
0 1
<$250k $250K+ $350K+
BUNDABERG LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
25
5
2
17
0 2
13
0 0
<$250k $250K+ $350K+
GLADSTONE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
96
7 1
89
2 3
39
2 0
<$250k $250K+ $350K+
ROCKHAMPTON & LIVINGSTONE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
45
5 2
32
7
2
24
1 1
<$250k $250K+ $350K+
MACKAY LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
173
13 5
109
8 9
36
3 3
<$250k $250K+ $350K+
TOWNSVILLE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
142
30
12
112
30
9
66
11 5
<$250k $250K+ $350K+
CAIRNS & DOUGLAS LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
112
511
1,612
920
114 56
450
1,294
743
92 60
285
785
490
50
<$250k $250K+ $350K+ $500k+ $1M+
BRISBANE UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
336
448 431
120
11
282
393
286
88
11
203
266
147
60
6
<$250k $250K+ $350K+ $500k+ $1M+
BRISBANE SURROUNDS UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
411
1,002 913
715
163
322
843 831
630
146 189
590 580
431
103
<$250k $250K+ $350K+ $500k+ $1M+
GOLD COAST UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
35
92
28
7
26
62
27
8
24
50
17
8
<$250k $250K+ $350K+ $500k+
TOOWOOMBA UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
103
288
330
211
42
125
271 283
233
45
80
189
228
159
28
<$250k $250K+ $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
56
24
7 4
42
27
6 2
29
19
8
2
<$250k $250K+ $350K+ $500k+
FRASER COAST UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
21 22
5 3
22 22
6
2
25
18
3 1
<$250k $250K+ $350K+ $500k+
BUNDABERG UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
7
5
9
3
14
6
4
2
7
5 5 5
<$250k $250K+ $350K+ $500k+
GLADSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
9
11
19
9
16 17
9
14
19
13
7
1
<$250k $250K+ $350K+ $500k+
ROCKHAMPTON & LIVINGSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
15
11
3 3
22
8
14
5
15
5 4
0
<$250k $250K+ $350K+ $500k+
MACKAY UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
63
37
23 20
52
43 37
17
44
34
14
3
<$250k $250K+ $350K+ $500k+
TOWNSVILLE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
291
101
67 50
11
247
91
55 39
9
167
44 34 27 3
<$250k $250K+ $350K+ $500k+ $1M+
CAIRNS & DOUGLAS UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
SALES MARKET - HOUSES
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
38 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
MACKAYSimilar to other resources-reliant areas, Mackay’s residential property market has contracted to levels of about a decade ago.
Distressed investors are exiting the market while bank repossessions remain higher than the historical average. Local agent projections remain conservative and the jobs market continues to rely on the casual employment regime.
The one demographic taking advantage of improved affordability is the young first-home buyer, who was previously unable to compete with investors.
The need for a strong capital works program in the region is high. The realignment of the Eton Range, Peak Downs Highway, a project of about $189 million, has commenced and has created jobs in the area. However, material benefits on the economy and the residential property market are yet to be seen.
Stage 1 of the Mackay Ring Road project is in the detailed design phase with construction expected to commence in mid-2017. Due to the lengthy project planning and development phases, locals remain sceptic about the implementation of the project. Most likely, the economic benefit from this project will materialise in the medium to long-term.
In April 2016, the Queensland Government has approved mining leases for the $21.7 billion Carmichael coal mine and rail project in the Galilee Basin. Further approvals are still required before construction starts.
Following the construction of the Ibis Motel at the airport, the next step is to give the green light to international flights and the plan is to start opening direct flights between Mackay and New Zealand. The Mackay tourism industry may see a boost if this eventuates.
The Mackay rental market has not yet shown signs of improvement with investors exiting the market in the context of high vacancy rates in the region, primarily for units.
The residential property market remains subdued while the average vendor discount for both units and houses is one of the largest in the State. Locals still predict that the market has not yet reached the bottom, but many market observers agree it is close. The implementation of key infrastructure projects in the area remains on the horizon for the region.
HOUSE MARKET
Confidence in the market remains weak due to casual employment becoming the norm more than the exception. The median sale price for the March quarter was $332,500 compared to $339,000 in the December quarter. The 12 months to March 2016 saw a reduction in the annual median sale of about 10.6 per cent
The largest volume of activity in the sales market for houses remains in the low-end price range. The volume of sold houses up to the $350,000 price point increased from 107 in the September 2015 quarter to 130 in the December 2015 quarter. The activity is primarily driven by first-home buyers and owner-occupiers who previously were priced out of the market.
The average vendor discount is still increasing, which is a reflection of the constraints being experienced in the residential property market. Recent statistics show that the average vendor discount has reached 12.2 per cent in February 2016 compared to 4.8 per cent about a decade ago, 6.1 per cent about five years ago and 10.6 per cent about 12 months ago.
UNIT MARKET
The unit market is soft as the median sale price of new units is similar to an older detached house and owner-occupiers prefer to buy a house rather than a unit.
The annual median sale price for units is about $257,500 in March 2016 compared to $311,500 about 12 months ago. This represents a reduction of about 17.3 per cent for the 12 months to March 2016. The quarterly fall from December 2015 was 12 per cent.
The average days on market for units fluctuated between four to five months while the vendor discount reached levels above 15 per cent in February 2016.
RENTAL MARKET
Distressed investors are leaving the market at a rapid rate and bank repossessions remain higher than the historical average. Local agents report that the amount of valuations for repossessions has risen sharply over the past 12 months.
The weekly median rent for three-bed houses, two-bed units and three-bed townhouses have all reduced in the past 12 months by 10.9 per cent, 13 per cent and 6.3 per cent, respectively. Some investors are struggling to maintain their investment properties without tenants and the vacancy rate is the second highest in Queensland at around eight to nine per cent.
Local agents indicate that the majority of unoccupied rental properties appear to be units in the suburbs. In some areas, tenants are now able to rent a house for a similar amount they paid for a unit about 12 to 24 months ago.
New residential developments have virtually ceased and it is now a matter of waiting for population growth to absorb the excess stock and reduce the vacancy rate. Jobs growth would help this absorption as people relocate to the area to find work.
150
940
2,860
512
121
788
2,797
540
89
580
1,751
277
<$350K $350K+ $500k+ $1M+
BRISBANE HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
1,723
2,076
939
46
1,405
1,917
918
38
1,077
1,476
715
25
<$350K $350K+ $500k+ $1M+
BRISBANE SURROUNDS HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
37
750
1,064
198
30
588
985
176
41
471
739
141
<$350K $350K+ $500k+ $1M+
GOLD COAST HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
307
252
82
272 242
85
192 162
46
<$350K $350K+ $500k+
TOOWOOMBA HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
109
604
707
80 95
532
630
87 71
373
503
48
<$350K $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
286
136
18
302
96
18
214
62
14
<$350K $350K+ $500k+
FRASER COAST HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
230
58
12
198
62
15
136
42
3
<$350K $350K+ $500k+
BUNDABERG HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
68
54
13
58
44
17
38
28
7
<$350K $350K+ $500k+
GLADSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
195
94
18
202
76
34
168
59
27
<$350K $350K+ $500k+
ROCKHAMPTON & LIVINGSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
107 95
25
130
85
28
92
64
13
<$350K $350K+ $500k+
MACKAY HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
308
223
66
266
224
81
221
134
44
<$350K $350K+ $500k+
TOWNSVILLE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
201
338
178 159
312
150 155
213
97
<$350K $350K+ $500k+
CAIRNS & DOUGLAS HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
39
REGIONAL MARKET UPDATES
MARCH QUARTER 2016
MACKAY REGIONAL $285 375 $320 403
4737SARINA/ SARINA BEACH/ ARMSTRONG BEACH
$280 33 $300 26
4740 MACKAY $290 296 $320 318
4741
VARIOUS ISLANDS/ CLAIRVIEW/ ETON/ FARLEIGH/ FLAGGY ROCK/ GARGETT/ MT CHRISTIAN/ MT OSSA/ OAKENDEN/ PINNACLE/ PLEYSTOWE/ SEAFORTH/ YALBOROO
$320 6 $270 11
4750 BUCASIA/ SEAVIEW HEIGHTS/ SHOAL PT $290 16 $335 22
4751 PALMYRA/ WALKERSTON $295 9 $320 11
ISAAC REGIONAL $220 140 $250 134
4721 CLERMONT $240 11 $290 15
4742 NEBO $150 10 $250 5
4744 MORANBAH $230 70 $270 77
4745 DYSART $150 29 $150 28
4746 MIDDLEMOUNT $250 17 $300 8
WHITSUNDEY REGIONAL $300 135 $300 129
4800
CANNON VALLEY/ CONWAY/ DINGO BCH/ ERLANDO BCH/ MT JULIAN/ MT MARLOW/ NTH GREGORY/ PROSERPINE/ RIORDANVALE/ STRATHDICKIE/ WILSON BCH
$300 28 $360 23
4802AIRLIE BCH/ CANNONVALE/ JUBILEE/ SHUTE HARBOUR/ SHUTEHAVEN/ WHITSUNDAY
$380 52 $375 42
4804 COLLINSVILLE $200 6 $170 11
4805 BOWEN $260 49 280 53
MACKAY (LGA) 172 $332,500 -1.9% $345,000 -10.6% -14.8% $405,000
MACKAY (LGA) ^ 27 $450,000 0.0% $435,000 -4.4% -10.3% $485,000
ANDERGROVE 16 N/A N/A $305,000 -15.3% -22.3% $392,500
BEACONSFIELD 9 N/A N/A $340,000 -10.3% -16.0% $405,000
BLACKS BEACH 2 N/A N/A $355,000 -17.6% -26.0% $480,000
BUCASIA 9 N/A N/A $340,000 -15.5% -20.9% $430,000
EAST MACKAY 9 N/A N/A $395,000 3.3% -7.1% $425,000
EIMEO 7 N/A N/A $356,000 -14.1% -20.3% $446,500
GLENELLA 7 N/A N/A $495,000 3.3% -6.2% $527,500
MARIAN 9 N/A N/A $400,000 -13.0% -6.1% $426,000
MOUNT PLEASANT 4 N/A N/A $370,000 -7.5% -11.9% $420,000
NORTH MACKAY 10 N/A N/A $265,000 -15.9% -25.8% $357,000
OORALEA 9 N/A N/A $420,000 -8.2% -17.1% $506,500
RURAL VIEW 12 N/A N/A $377,500 -10.8% -17.6% $458,000
SARINA 2 N/A N/A $220,000 -21.4% -26.7% $300,000
SLADE POINT 3 N/A N/A $325,000 3.2% -12.4% $371,000
SOUTH MACKAY 15 N/A N/A $275,000 -20.0% -25.7% $370,000
WALKERSTON 9 N/A N/A $355,000 -13.6% -20.0% $443,750
WEST MACKAY 16 N/A N/A $334,000 -6.6% -10.2% $372,000
SURROUNDS
ISAAC (LGA) 20 $85,000 -37.0% $151,000 -29.8% -65.1% $432,500
MORANBAH 5 N/A N/A $190,000 -12.8% -59.5% $469,000
WHITSUNDAY (LGA) 41 $297,000 -19.7% $365,000 -3.3% -1.4% $370,000
WHITSUNDAY (LGA) ^ 17 N/A N/A $435,000 -14.3% -5.9% $462,500
BOWEN 12 N/A N/A $267,500 -20.2% -26.7% $365,000
CANNONVALE 10 N/A N/A $427,500 -1.7% -2.5% $438,500
PROSERPINE 11 N/A N/A $260,000 0.0% -14.8% $305,000
SALES MARKET - UNITS & TOWNHOUSES
RENTAL MARKET - 3 BED HOUSESPOST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 2 BED UNITS
RENTAL MARKET - 3 BED TOWNHOUSES
SALES MARKET - VACANT LAND
MACKAY (LGA) 25 $220,000 -12.0% $257,500 -17.3% -18.3% $315,000
MACKAY 7 N/A N/A $295,000 -5.8% -11.5% $333,500
SURROUNDS
WHITSUNDAY (LGA) 20 $285,000 -28.8% $285,000 5.6% -7.3% $307,500
AIRLIE BEACH 7 N/A N/A $363,250 -8.3% -1.8% $370,000
CANNONVALE 8 N/A N/A $254,500 -1.1% -26.2% $345,000
MACKAY (LGA) 25 $175,000 3.7% $174,725 -13.1% -4.5% $183,000
RURAL VIEW 5 N/A N/A $150,000 -26.3% -28.2% $209,000
SURROUNDS
WHITSUNDAY (LGA) 19 N/A N/A $172,000 4.6% 7.5% $160,000
CANNONVALE 9 N/A N/A $174,000 5.8% 28.9% $135,000
MACKAY REGIONAL $200 308 $230 311
4737SARINA/ SARINA BEACH/ ARMSTRONG BEACH
$175 17 $200 15
4740 MACKAY $210 278 $235 280
4750 BUCASIA/ SEAVIEW HEIGHTS/ SHOAL PT $200 6 $170 5
ISAAC REGIONAL $180 25 $250 20
4721 CLERMONT $175 5 $170 5
4744 MORANBAH $260 11 $325 7
4746 MIDDLEMOUNT $200 5 N/A 4
WHITSUNDEY REGIONAL $255 131 $250 158
4800
CANNON VALLEY/ CONWAY/ DINGO BCH/ ERLANDO BCH/ MT JULIAN/ MT MARLOW/ NTH GREGORY/ PROSERPINE/ RIORDANVALE/ STRATHDICKIE/ WILSON BCH
$180 10 $210 13
4802AIRLIE BCH/ CANNONVALE/ JUBILEE/ SHUTE HARBOUR/ SHUTEHAVEN/ WHITSUNDAY
$280 92 $285 101
4805 BOWEN $190 26 $250 42
MACKAY REGIONAL $300 30 $320 49
4740 MACKAY $300 30 $320 44
ISAAC REGIONAL $250 28 $335 23
4744 MORANBAH $300 16 $350 13
4745 DYSART $175 7 N/A 4
WHITSUNDEY REGIONAL $280 30 $300 28
4802AIRLIE BCH/ CANNONVALE/ JUBILEE/ SHUTE HARBOUR/ SHUTEHAVEN/ WHITSUNDAY
$280 18 $300 21
4805 BOWEN $280 11 N/A 2
SALES MARKET - HOUSES
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
33
145
165 161
51
96
137
73
13
50
71
19
<$250k $250K+ $350K+ $500k+
BRISBANE LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
1,266
461
70 46
924
331
45 37
413
192
35 17
<$250k $250K+ $350K+ $500k+
BRISBANE SURROUNDS LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
431
137
39 17 17
293
118
23 21 19
89
25 17 7 7
<$250k $250K+ $350K+ $500k+ $1M+
GOLD COAST LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
171
8 3
109
8 5
35
3 9
<$250k $250K+ $350K+
TOOWOOMBA LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
196 213
65
30 6
113
147
48
22 12
76
51
24 8 2
<$250k $250K+ $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
150
3 5
114
5 3
87
2 1
<$250k $250K+ $350K+
FRASER COAST LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
86
1 2
59
6 3
39
0 1
<$250k $250K+ $350K+
BUNDABERG LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
25
5
2
17
0 2
13
0 0
<$250k $250K+ $350K+
GLADSTONE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
96
7 1
89
2 3
39
2 0
<$250k $250K+ $350K+
ROCKHAMPTON & LIVINGSTONE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
45
5 2
32
7
2
24
1 1
<$250k $250K+ $350K+
MACKAY LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
173
13 5
109
8 9
36
3 3
<$250k $250K+ $350K+
TOWNSVILLE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
142
30
12
112
30
9
66
11 5
<$250k $250K+ $350K+
CAIRNS & DOUGLAS LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
112
511
1,612
920
114 56
450
1,294
743
92 60
285
785
490
50
<$250k $250K+ $350K+ $500k+ $1M+
BRISBANE UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
336
448 431
120
11
282
393
286
88
11
203
266
147
60
6
<$250k $250K+ $350K+ $500k+ $1M+
BRISBANE SURROUNDS UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
411
1,002 913
715
163
322
843 831
630
146 189
590 580
431
103
<$250k $250K+ $350K+ $500k+ $1M+
GOLD COAST UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
35
92
28
7
26
62
27
8
24
50
17
8
<$250k $250K+ $350K+ $500k+
TOOWOOMBA UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
103
288
330
211
42
125
271 283
233
45
80
189
228
159
28
<$250k $250K+ $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
56
24
7 4
42
27
6 2
29
19
8
2
<$250k $250K+ $350K+ $500k+
FRASER COAST UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
21 22
5 3
22 22
6
2
25
18
3 1
<$250k $250K+ $350K+ $500k+
BUNDABERG UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
7
5
9
3
14
6
4
2
7
5 5 5
<$250k $250K+ $350K+ $500k+
GLADSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
9
11
19
9
16 17
9
14
19
13
7
1
<$250k $250K+ $350K+ $500k+
ROCKHAMPTON & LIVINGSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
15
11
3 3
22
8
14
5
15
5 4
0
<$250k $250K+ $350K+ $500k+
MACKAY UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
63
37
23 20
52
43 37
17
44
34
14
3
<$250k $250K+ $350K+ $500k+
TOWNSVILLE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
291
101
67 50
11
247
91
55 39
9
167
44 34 27 3
<$250k $250K+ $350K+ $500k+ $1M+
CAIRNS & DOUGLAS UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
40 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
HOUSE MARKET
The March quarter is usually very active for the Townsville sales market, however, March 2016 has not shown the usual cyclical trend and the quarterly median sale price fell by 8.3 per cent.
Local agents note that the market remains challenging with low investor activity. The median sale price has fallen by seven per cent, from $373,000 to $347,000 over five years, to March 2016.
Local agents are also reporting more activity in the price range between $350,000 and $500,000 as locals are taking advantage of the discounted prices and are actively looking to upgrade.
This is reflected in the stable volume of house sales between $350,000 and $500,000 during the September and December 2015 quarters.
The proposed North Queensland Stadium is now closer to become a reality with the extra $40 million committed by the State Government and also the commitment from the Coalition to match the Labor promise to fund the Townsville stadium.
UNIT MARKET
Stock levels in the unit market remain high and the market is still trying to source demand for new apartments. The annual median sale price was $280,000 for the March quarter, which represented a reduction of 1.8 per cent for a 12-month period and 14.1 per cent over a five-year period.
Average days on market for units remained close to four months, which just demonstrates the slow pace of the market.
RENTAL MARKET
Similar to other regional areas in Queensland, the rental market has been hit by a reduction in demand and an increase in supply. The vacancy rates in the area are in the vicinity of six per cent, having increased from a two-to-three per cent range in the past three years.
Within this context, landlords have to be more creative keeping and attracting tenants. Local agents are finding it challenging to educate investors about the new market conditions.
The recent negative gearing debate is creating concerns as investors develop fears that the resale value of their property is going to drop further.
Depending on the property features and number of bedrooms, the median weekly rent has reduced in the range of 2.8 per cent and 6.1 per cent in the past 12 months. This is another sign of the challenges being experienced by the rental market.
Despite reduction in the weekly median rent, gross rental yields increased for both houses and units to 4.9 per cent and 5.2 per cent, respectively. The reduction in the median sale price supported the increase in the gross rental yield.
TOWNSVILLEThe residential property market in Townsville remained soft during the March quarter while conditions in the job market continued weakening. Owner-occupiers looking to upgrade were very active in the market while sellers were faced with average vendor discounts above nine per cent.
Following the announcement of 550 job losses from the nickel refinery shutdown, the Queensland State Government announced a $367 million accelerated works program for northern Queensland. This includes $210 million for projects in Townsville that will support more than 480 jobs.
The State Government also recently announced the merger of Ergon and Energex and the new company’s (Energy Australia) headquarters will be in Townsville.
The recently announced Australia-Singapore strategic partnership brings hope to the region as Singapore will potentially invest up to $2.25 billion in the expansion of two of Australia’s most important military training facilities, the Shoalwater Bay (Rockhampton) training area and the Townsville field training area .This is probably the largest project in the area, which could potentially boost the local economy.
Locals feel the residential property market is close to stabilising. Similarly, local agents are optimistic the bottom of the cycle has been reached and the outlook over the next 18 months to two years is brighter.
Large-scale developments and infrastructure projects that would give the area a real boost, such as the Townsville Port Expansion (potential investment of $1.49 billion) remains frustratingly in limbo.
The proposed North Queensland Cowboys Stadium, has just received additional funding commitment from the State Government to fund extra $40 million on top of the $100 million previously committed. The Coalition has recently promised to match the Labor funding for the Townsville stadium.
The Townsville rental market continues showing signs of oversupply with the vacancy rate remaining around six per cent during the March quarter.
The green shoots of recovery are not yet visible in the Townsville market, with median sale prices for houses and units slipping moderately. Vacancy rates are high, at six per cent, although March quarter represented a slight tightening of the market by 0.4 per cent.
International investment from the Singapore Government in the army training facility and the State Government accelerated works should result in economic improvement, which we expect will favour the performance of the property market in the long run.
41
REGIONAL MARKET UPDATES
MARCH QUARTER 2016
33
145
165 161
51
96
137
73
13
50
71
19
<$250k $250K+ $350K+ $500k+
BRISBANE LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
1,266
461
70 46
924
331
45 37
413
192
35 17
<$250k $250K+ $350K+ $500k+
BRISBANE SURROUNDS LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
431
137
39 17 17
293
118
23 21 19
89
25 17 7 7
<$250k $250K+ $350K+ $500k+ $1M+
GOLD COAST LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
171
8 3
109
8 5
35
3 9
<$250k $250K+ $350K+
TOOWOOMBA LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
196 213
65
30 6
113
147
48
22 12
76
51
24 8 2
<$250k $250K+ $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
150
3 5
114
5 3
87
2 1
<$250k $250K+ $350K+
FRASER COAST LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
86
1 2
59
6 3
39
0 1
<$250k $250K+ $350K+
BUNDABERG LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
25
5
2
17
0 2
13
0 0
<$250k $250K+ $350K+
GLADSTONE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
96
7 1
89
2 3
39
2 0
<$250k $250K+ $350K+
ROCKHAMPTON & LIVINGSTONE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
45
5 2
32
7
2
24
1 1
<$250k $250K+ $350K+
MACKAY LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
173
13 5
109
8 9
36
3 3
<$250k $250K+ $350K+
TOWNSVILLE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
142
30
12
112
30
9
66
11 5
<$250k $250K+ $350K+
CAIRNS & DOUGLAS LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
112
511
1,612
920
114 56
450
1,294
743
92 60
285
785
490
50
<$250k $250K+ $350K+ $500k+ $1M+
BRISBANE UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
336
448 431
120
11
282
393
286
88
11
203
266
147
60
6
<$250k $250K+ $350K+ $500k+ $1M+
BRISBANE SURROUNDS UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
411
1,002 913
715
163
322
843 831
630
146 189
590 580
431
103
<$250k $250K+ $350K+ $500k+ $1M+
GOLD COAST UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
35
92
28
7
26
62
27
8
24
50
17
8
<$250k $250K+ $350K+ $500k+
TOOWOOMBA UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
103
288
330
211
42
125
271 283
233
45
80
189
228
159
28
<$250k $250K+ $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
56
24
7 4
42
27
6 2
29
19
8
2
<$250k $250K+ $350K+ $500k+
FRASER COAST UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
21 22
5 3
22 22
6
2
25
18
3 1
<$250k $250K+ $350K+ $500k+
BUNDABERG UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
7
5
9
3
14
6
4
2
7
5 5 5
<$250k $250K+ $350K+ $500k+
GLADSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
9
11
19
9
16 17
9
14
19
13
7
1
<$250k $250K+ $350K+ $500k+
ROCKHAMPTON & LIVINGSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
15
11
3 3
22
8
14
5
15
5 4
0
<$250k $250K+ $350K+ $500k+
MACKAY UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
63
37
23 20
52
43 37
17
44
34
14
3
<$250k $250K+ $350K+ $500k+
TOWNSVILLE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
291
101
67 50
11
247
91
55 39
9
167
44 34 27 3
<$250k $250K+ $350K+ $500k+ $1M+
CAIRNS & DOUGLAS UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
150
940
2,860
512
121
788
2,797
540
89
580
1,751
277
<$350K $350K+ $500k+ $1M+
BRISBANE HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
1,723
2,076
939
46
1,405
1,917
918
38
1,077
1,476
715
25
<$350K $350K+ $500k+ $1M+
BRISBANE SURROUNDS HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
37
750
1,064
198
30
588
985
176
41
471
739
141
<$350K $350K+ $500k+ $1M+
GOLD COAST HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
307
252
82
272 242
85
192 162
46
<$350K $350K+ $500k+
TOOWOOMBA HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
109
604
707
80 95
532
630
87 71
373
503
48
<$350K $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
286
136
18
302
96
18
214
62
14
<$350K $350K+ $500k+
FRASER COAST HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
230
58
12
198
62
15
136
42
3
<$350K $350K+ $500k+
BUNDABERG HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
68
54
13
58
44
17
38
28
7
<$350K $350K+ $500k+
GLADSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
195
94
18
202
76
34
168
59
27
<$350K $350K+ $500k+
ROCKHAMPTON & LIVINGSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
107 95
25
130
85
28
92
64
13
<$350K $350K+ $500k+
MACKAY HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
308
223
66
266
224
81
221
134
44
<$350K $350K+ $500k+
TOWNSVILLE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
201
338
178 159
312
150 155
213
97
<$350K $350K+ $500k+
CAIRNS & DOUGLAS HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
TOWNSVILLE (LGA) 419 $330,000 -8.3% $347,000 -2.3% -7.0% $373,000
TOWNSVILLE (LGA) ^ 48 $417,500 0.6% $417,000 -5.2% -4.1% $435,000
AITKENVALE 4 N/A N/A $321,000 5.3% -6.8% $344,500
ALICE RIVER ^ 7 N/A N/A $470,000 -8.0% -1.1% $475,000
ANNANDALE 30 $380,000 -15.9% $415,000 -1.2% -10.1% $461,750
BOHLE PLAINS 9 N/A N/A $422,500 0.6% -5.1% $445,000
BURDELL 15 N/A N/A $411,250 -2.2% -1.5% $417,500
BUSHLAND BEACH 13 N/A N/A $385,000 -7.2% -5.6% $407,780
CONDON 11 N/A N/A $286,000 0.4% -12.8% $328,000
CRANBROOK 14 N/A N/A $290,000 1.8% -10.8% $325,000
CURRAJONG 8 N/A N/A $286,000 7.9% -3.1% $295,000
DEERAGUN 7 N/A N/A $317,500 -0.8% -9.3% $350,000
DOUGLAS 21 $420,000 5.3% $399,000 1.5% -4.8% $419,000
GULLIVER 11 N/A N/A $276,000 -7.7% -9.5% $305,000
HEATLEY 8 N/A N/A $248,750 -8.2% -19.5% $309,000
HERMIT PARK 9 N/A N/A $340,000 -5.6% -12.8% $390,000
HYDE PARK 5 N/A N/A $395,000 21.5% 12.9% $350,000
IDALIA 14 N/A N/A $513,000 0.6% 6.2% $483,000
KELSO 16 N/A N/A $265,000 -10.9% -20.9% $335,000
KIRWAN 51 $327,000 -3.8% $335,000 -3.3% -8.2% $365,000
MOUNT LOUISA 24 $428,000 9.7% $399,950 8.1% -2.7% $411,000
MUNDINGBURRA 10 N/A N/A $339,750 -11.2% -8.4% $371,000
NORTH WARD 7 N/A N/A $680,000 13.7% 8.8% $625,000
OONOONBA 5 N/A N/A $308,500 1.2% -0.5% $310,000
SALES MARKET - HOUSES
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
TOWNSVILLE (LGA) 40 $167,750 6.9% $159,500 -1.5% -1.5% $162,000
TOWNSVILLE (LGA) ^ 2 N/A N/A $200,000 4.7% -9.1% $220,000
BOHLE PLAINS 0 N/A N/A $158,000 -1.9% -8.8% $173,250
BURDELL 1 N/A N/A $154,650 -3.3% -8.2% $168,500
BUSHLAND BEACH 7 N/A N/A $152,000 1.3% -0.7% $153,000
KELSO 0 N/A N/A $140,000 3.7% -6.6% $149,900
MOUNT LOUISA 2 N/A N/A $175,000 -7.4% 3.6% $168,900
MOUNT LOW 7 N/A N/A $162,000 0.6% 6.1% $152,750
OONOONBA 0 N/A N/A $142,000 -11.8% -31.0% $205,900
SHAW 4 N/A N/A $158,750 3.1% -53.3% $339,724
SALES MARKET - UNITS & TOWNHOUSES
RENTAL MARKET - 3 BED HOUSESPOST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
TOWNSVILLE (LGA) 97 $260,000 -15.0% $280,000 -1.8% -14.1% $326,000
BELGIAN GARDENS 4 N/A N/A $325,000 4.8% -3.7% $337,500
DOUGLAS 4 N/A N/A $307,000 5.0% -5.1% $323,500
NORTH WARD 19 N/A N/A $297,500 0.9% -17.4% $360,000
PIMLICO 1 N/A N/A $205,000 -20.9% -23.5% $268,000
SOUTH TOWNSVILLE 2 N/A N/A $365,000 -29.8% -31.1% $530,000
TOWNSVILLE CITY 7 N/A N/A $390,000 1.3% -17.0% $470,000
WEST END 6 N/A N/A $180,750 -27.7% -39.1% $297,000
TOWNSVILLE CITY $310 803 $330 779
4810
BELGIAN GARDENS/ CAPE CLEVELAND/ CASTLE HILL/ NTH WARD/ PALLARENDA/ RAILWAY ESTATE/ ROWES BAY/ TOWNSVILLE/ WEST END/ YARRAWONGA
$335 68 $350 58
4811
CLUDEN/ IDALIA/ JAMES COOK UNI/ MT STUART/ OAK VALLEY/ OONOONBA/ PARTINGTON/ ROSENEATH/ SERENE VALLEY/ STUART/ WULGURU
$325 46 $340 39
4812
CURRAJONG/ GULLIVER/ HERMIT PK/ HYDE PK/ HYDE PK CASTLETOWN/ MUNDINGBURRA/ MYSTERTON/ PILMICO/ RISING SUN/ ROSSLEA
$320 82 $330 67
4814AITKENVALE/ CRANBROOK/ DOUGLAS/ GARBUTT/ HEATLEY/ MT ELLIOT/ MT LOUISA/ MURRAY/ VINCENT
$320 232 $340 244
4815CONDON/ KELSO/ PINNACLES/ RASMUSSEN
$280 117 $300 119
4816
ALLIGATOR CK/ DUNK IS/ GREENVALE/ HIDDEN VALLEY/ HOMESTEAD/ JULAGO/ MACROSSAN/ MAJORS CK/ MINGELA/ MUTARNEE/ NELIA/ NOME/ PALM IS/ PALUMA/ PENTLAND/ PRAIRE/ RAVENSWOOD/ ROLLINGSTONE/ SELLHEIM/ TOONPAN/ TORRENS CK/ WOODSTOCK
$250 10 $320 17
4817ALICE RIVER/ BOHLE PLNS/ KIRWAN/ RANGEWOOD/ RUPERTSWOOD/ STABLEFORD/ THURINGOWA CENTRAL
$320 136 $335 120
SALES MARKET - VACANT LAND
SALES MARKET - HOUSES (CONT’D)
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
RAILWAY ESTATE 16 N/A N/A $335,000 -1.5% 1.5% $330,000
RANGEWOOD ^ 2 N/A N/A $465,000 -3.2% -7.0% $500,000
RASMUSSEN 15 N/A N/A $380,000 31.9% 31.0% $290,000
SOUTH TOWNSVILLE 5 N/A N/A $344,000 -1.4% -11.2% $387,500
THURINGOWA CENTRAL 6 N/A N/A $293,500 -6.8% -20.5% $369,000
VINCENT 5 N/A N/A $240,000 -9.8% -15.1% $282,750
WEST END 6 N/A N/A $360,000 0.0% -2.7% $370,000
WULGURU 7 N/A N/A $293,750 -0.8% -8.2% $320,000
SURROUNDS
BURDEKIN (LGA) 28 $180,000 0.0% $180,000 -12.2% -28.0% $250,000
AYR 15 N/A N/A $190,000 -21.6% -26.4% $258,000
CHARTERS TOWERS (LGA) 8 N/A N/A $178,250 1.6% -15.1% $210,000
CHARTERS TOWERS CITY 1 N/A N/A $150,000 -14.3% -21.5% $191,000
HINCHINBROOK (LGA) 14 N/A N/A $215,000 -7.5% -15.7% $255,000
INGHAM 7 N/A N/A $202,500 -12.0% -18.2% $247,500
42 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
43
REGIONAL MARKET UPDATES
MARCH QUARTER 2016
RENTAL MARKET - 2 BED UNITSTOWNSVILLE CITY $260 809 $275 868
4810
BELGIAN GARDENS/ CAPE CLEVELAND/ CASTLE HILL/ NTH WARD/ PALLARENDA/ RAILWAY ESTATE/ ROWES BAY/ TOWNSVILLE/ WEST END/ YARRAWONGA
$285 381 $295 403
4811
CLUDEN/ IDALIA/ JAMES COOK UNI/ MT STUART/ OAK VALLEY/ OONOONBA/ PARTINGTON/ ROSENEATH/ SERENE VALLEY/ STUART/ WULGURU
$340 48 $330 77
4812
CURRAJONG/ GULLIVER/ HERMIT PK/ HYDE PK/ HYDE PK CASTLETOWN/ MUNDINGBURRA/ MYSTERTON/ PILMICO/ RISING SUN/ ROSSLEA
$230 174 $240 185
4814AITKENVALE/ CRANBROOK/ DOUGLAS/ GARBUTT/ HEATLEY/ MT ELLIOT/ MT LOUISA/ MURRAY/ VINCENT
$285 120 $295 118
4815 CONDON/ KELSO/ PINNACLES/ RASMUSSEN $265 19 $240 21
4817ALICE RIVER/ BOHLE PLNS/ KIRWAN/ RANGEWOOD/ RUPERTSWOOD/ STABLEFORD/ THURINGOWA CENTRAL
$265 39 $265 42
4818
BEACH HOLM/ BLACK RIVER/ BLUE HILLS/ BLUEWATER/ BOHLE/ BURDELL/ BUSHLAND BCH/ CARINYA/ CORDELIA/ DEERAGUN/ INNES/ JENSEN/ LYNAM/ MT LOW/ PURONO PK/ SAUNDERS BCH/ SHAW/ TOOLAKEA/ YABULU
$230 16 $224 6
4819ARCADIA/ ARCADIA BAY/ HORSESHOE BAY/ MAGNETIC IS/ NELLY BAY/ PICNIS BAY
$280 12 $300 15
BURDEKIN SHIRE $210 40 $200 55
4807 AIRVILLE $220 35 $210 45
CHARTERS TOWERS REGIONAL $200 15 $230 13
4820 RICHMOND HILL $200 15 $230 13
HINCHINBROOK SHIRE $180 14 $180 23
4850 ABERGOWRIE $180 14 $180 23
RENTAL MARKET - 3 BED TOWNHOUSESTOWNSVILLE CITY $340 46 $350 39
4810
BELGIAN GARDENS/ CAPE CLEVELAND/ CASTLE HILL/ NTH WARD/ PALLARENDA/ RAILWAY ESTATE/ ROWES BAY/ TOWNSVILLE/ WEST END/ YARRAWONGA
$375 11 $325 8
4812
CURRAJONG/ GULLIVER/ HERMIT PK, HYDE PK/ HYDE PK CASTLETOWN/ MUNDINGBURRA/ MYSTERTON/ PILMICO/ RISING SUN/ ROSSLEA
$340 13 $380 8
4814AITKENVALE/ CRANBROOK/ DOUGLAS/ GARBUTT/ HEATLEY/ MT ELLIOT/ MT LOUISA/ MURRAY/ VINCENT
$350 7 $350 12
4817ALICE RIVER/ BOHLE PLNS/ KIRWAN/ RANGEWOOD/ RUPERTSWOOD/ STABLEFORD/ THURINGOWA CENTRAL
$310 8 $350 6
4818
BEACH HOLM/ BLACK RIVER/ BLUE HILLS/ BLUEWATER/ BOHLE/ BURDELL/ BUSHLAND BCH/ CARINYA/ CORDELIA/ DEERAGUN/ INNES/ JENSEN/ LYNAM/ MT LOW/ PURONO PK/ SAUNDERS BCH// SHAW/ TOOLAKEA/ YABULU
$330 5 N/A 1
RENTAL MARKET - 3 BED HOUSES (CONT’D)POST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
4818
BEACH HOLM/ BLACK RIVER/ BLUE HILLS/ BLUEWATER/ BOHLE/ BURDELL/ BUSHLAND BCH/ CARINYA/ CORDELIA/ DEERAGUN/ INNES/ JENSEN/ LYNAM/ MT LOW/ PURONO PK/ SAUNDERS BCH/ SHAW/ TOOLAKEA/ YABULU
$300 102 $330 103
4819ARCADIA/ ARCADIA BAY/ HORSESHOE BAY/ MAGNETIC IS/ NELLY BAY/ PICNIS BAY
$290 10 $300 12
BURDEKIN SHIRE $260 48 $270 77
4806 ARKENDEITH $250 14 $260 17
4807 AIRVILLE $265 30 $280 51
CHARTERS TOWERS REGIONAL $250 61 $240 43
4820 RICHMOND HILL $250 61 $240 43
HINCHINBROOK SHIRE $250 35 $250 28
4850 ABERGOWRIE $250 35 $250 28
44 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
CAIRNSBuyers of houses are predominantly owner-occupiers who are looking to upgrade or to buy their first home.
The unit market is more diversified, having owner-occupiers and investors who are attracted to the solid rental yields.
Demand for houses in the $350,000 to $450,000 range is steady, while the highest demand for units sits in the $250,000 range.
The Cairns rental market is one of the best performers in Queensland with vacancy rates remaining generally below 2.5 per cent since March 2012 and weekly median rent staying steady over the past 12 months.
The outlook for the Cairns residential property market remains positive with expectations of the median sale prices showing sustained, moderate growth. The fundamentals of the market are positive as buyer demand appears to be relatively aligning with supply at least at the present time.
The Cairns housing market remains rising while the unit market is firmly in recovering phase when compared with the market five years ago.
The Cairns Hospital Redevelopment is one of the largest projects, which has potentially boosted the region and its economy. The last $40 million of a total expenditure of over $445 million is on track at present.
Other infrastructure projects in the region include repairs of the Cairns Convention Centre, the upgrade of the Bruce Highway between Robert Road and Foster Road, and the planning and construction of the Yarrabah Jetty.
HOUSE MARKET
The Cairns property cycle usually experiences a contraction during the December quarter. Following a different trend, local agents have indicated that this year the cyclical contraction extended until nearly April. This is supported by a second quarter reduction in the Cairns median sale price by 4.1 per cent in March 2016.
Despite falls over the past two quarters, Cairns is in the rising house market phase and the annual median sale price showed a moderate increase of 3.3 per cent and a five-year median price growth of 9.6 per cent.
New residential property developments are limited in number, hence the moderate but sustained price increase is a reflection of supply keeping up with local demand.
The average days on market increased slightly from 66 days in February 2015 to 72 days in February 2016. Despite the increase, this ratio remains in similar levels than other areas in the southeast corner.
UNIT MARKET
The annual median sale price for units showed a slight increase of 2.7 per cent in March 2016, however the five-year median sale price fell 12.1 per cent. In response to the medium-term median sale price reduction and potentially as a supply correction, medium to high-density residential property developments in Cairns are currently limited to small complexes and usually they are not located in the CBD area. New developments in the unit
market are even more constrained compared to houses.
The unit market contracted in the March quarter with the median sale price dropping by 4.9 per cent to $223,500. Both the average days on market and the average vendor discount showed a steady trend in the 12 months to February 2016 compared to the same period a year ago. The average days on market were about three months and the average vendor discount remained slightly above seven per cent. Not bad for a market which may be in an oversupply correction trend.
RENTAL MARKET
Rental demand is high in Cairns with the vacancy rates siting at 2.1 per cent for the March quarter. Local agents indicate that decent size two-bedroom, two-bathroom apartments are in demand compared to one-bedroom apartments and studios. Median weekly rents for three-bedroom houses and two-bedroom flats have remained unchanged in the past 12 months to March 2016.
Rental yields for apartments are sitting around six per cent, while rental yields for houses are about 4.7 per cent. Properties are renting very quickly and do not stay vacant for a long time. Local agents are always on the hunt for rental stock.
33
145
165 161
51
96
137
73
13
50
71
19
<$250k $250K+ $350K+ $500k+
BRISBANE LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
1,266
461
70 46
924
331
45 37
413
192
35 17
<$250k $250K+ $350K+ $500k+
BRISBANE SURROUNDS LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
431
137
39 17 17
293
118
23 21 19
89
25 17 7 7
<$250k $250K+ $350K+ $500k+ $1M+
GOLD COAST LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
171
8 3
109
8 5
35
3 9
<$250k $250K+ $350K+
TOOWOOMBA LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
196 213
65
30 6
113
147
48
22 12
76
51
24 8 2
<$250k $250K+ $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA LAND SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
150
3 5
114
5 3
87
2 1
<$250k $250K+ $350K+
FRASER COAST LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
86
1 2
59
6 3
39
0 1
<$250k $250K+ $350K+
BUNDABERG LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
25
5
2
17
0 2
13
0 0
<$250k $250K+ $350K+
GLADSTONE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
96
7 1
89
2 3
39
2 0
<$250k $250K+ $350K+
ROCKHAMPTON & LIVINGSTONE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
45
5 2
32
7
2
24
1 1
<$250k $250K+ $350K+
MACKAY LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
173
13 5
109
8 9
36
3 3
<$250k $250K+ $350K+
TOWNSVILLE LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
142
30
12
112
30
9
66
11 5
<$250k $250K+ $350K+
CAIRNS & DOUGLAS LAND SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
112
511
1,612
920
114 56
450
1,294
743
92 60
285
785
490
50
<$250k $250K+ $350K+ $500k+ $1M+
BRISBANE UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
336
448 431
120
11
282
393
286
88
11
203
266
147
60
6
<$250k $250K+ $350K+ $500k+ $1M+
BRISBANE SURROUNDS UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
411
1,002 913
715
163
322
843 831
630
146 189
590 580
431
103
<$250k $250K+ $350K+ $500k+ $1M+
GOLD COAST UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
35
92
28
7
26
62
27
8
24
50
17
8
<$250k $250K+ $350K+ $500k+
TOOWOOMBA UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
103
288
330
211
42
125
271 283
233
45
80
189
228
159
28
<$250k $250K+ $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA UNIT SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data
56
24
7 4
42
27
6 2
29
19
8
2
<$250k $250K+ $350K+ $500k+
FRASER COAST UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
21 22
5 3
22 22
6
2
25
18
3 1
<$250k $250K+ $350K+ $500k+
BUNDABERG UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
7
5
9
3
14
6
4
2
7
5 5 5
<$250k $250K+ $350K+ $500k+
GLADSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
9
11
19
9
16 17
9
14
19
13
7
1
<$250k $250K+ $350K+ $500k+
ROCKHAMPTON & LIVINGSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
15
11
3 3
22
8
14
5
15
5 4
0
<$250k $250K+ $350K+ $500k+
MACKAY UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
63
37
23 20
52
43 37
17
44
34
14
3
<$250k $250K+ $350K+ $500k+
TOWNSVILLE UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
291
101
67 50
11
247
91
55 39
9
167
44 34 27 3
<$250k $250K+ $350K+ $500k+ $1M+
CAIRNS & DOUGLAS UNIT SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
150
940
2,860
512
121
788
2,797
540
89
580
1,751
277
<$350K $350K+ $500k+ $1M+
BRISBANE HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
1,723
2,076
939
46
1,405
1,917
918
38
1,077
1,476
715
25
<$350K $350K+ $500k+ $1M+
BRISBANE SURROUNDS HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
37
750
1,064
198
30
588
985
176
41
471
739
141
<$350K $350K+ $500k+ $1M+
GOLD COAST HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
307
252
82
272 242
85
192 162
46
<$350K $350K+ $500k+
TOOWOOMBA HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
109
604
707
80 95
532
630
87 71
373
503
48
<$350K $350K+ $500k+ $1M+
SUNSHINE COAST & NOOSA HOUSE SALES
Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
286
136
18
302
96
18
214
62
14
<$350K $350K+ $500k+
FRASER COAST HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
230
58
12
198
62
15
136
42
3
<$350K $350K+ $500k+
BUNDABERG HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
68
54
13
58
44
17
38
28
7
<$350K $350K+ $500k+
GLADSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
195
94
18
202
76
34
168
59
27
<$350K $350K+ $500k+
ROCKHAMPTON & LIVINGSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
107 95
25
130
85
28
92
64
13
<$350K $350K+ $500k+
MACKAY HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
308
223
66
266
224
81
221
134
44
<$350K $350K+ $500k+
TOWNSVILLE HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data
201
338
178 159
312
150 155
213
97
<$350K $350K+ $500k+
CAIRNS & DOUGLAS HOUSE SALES Sep-15 Dec-15 Mar-16 *
*Preliminary data Houses<2,400m
45
REGIONAL MARKET UPDATES
MARCH QUARTER 2016
CAIRNS (LGA) 233 $223,500 -4.9% $226,000 2.7% -12.1% $257,000
BUNGALOW 10 N/A N/A $164,000 12.0% 7.5% $152,500
CAIRNS CITY 25 $367,500 -9.3% $370,000 11.1% -17.4% $448,000
CAIRNS NORTH 30 $262,750 16.8% $240,000 5.3% -15.2% $283,000
EARLVILLE 2 N/A N/A $215,000 28.7% -17.9% $262,000
EDGE HILL 9 N/A N/A $187,000 13.3% -17.3% $226,000
EDMONTON 3 N/A N/A $183,097 28.5% 1.7% $180,000
FRESHWATER 3 N/A N/A $315,000 26.0% 21.2% $260,000
MANOORA 19 N/A N/A $164,000 6.5% -0.6% $165,000
MANUNDA 14 N/A N/A $150,000 -0.7% -16.7% $180,000
MOOROOBOOL 8 N/A N/A $200,000 -5.4% -3.6% $207,500
PALM COVE 17 N/A N/A $274,250 -0.3% -23.8% $360,000
PARRAMATTA PARK 11 N/A N/A $248,500 2.5% 1.4% $245,000
TRINITY BEACH 19 N/A N/A $269,000 5.5% -5.6% $285,000
WESTCOURT 6 N/A N/A $222,000 -5.5% 48.0% $150,000
WOREE 8 N/A N/A $125,500 0.4% -16.1% $149,500
YORKEYS KNOB 6 N/A N/A $209,000 -5.4% -18.4% $256,000
CAIRNS (LGA) 439 $386,000 -4.1% $400,000 3.3% 9.6% $365,000
CAIRNS (LGA) ^ 25 $682,500 3.8% $635,000 8.6% -9.3% $700,000
BAYVIEW HEIGHTS 9 N/A N/A $385,000 -1.3% 11.6% $345,000
BENTLEY PARK 31 $360,000 0.1% $360,000 2.9% 10.8% $325,000
BRINSMEAD 13 N/A N/A $447,500 5.3% 11.9% $400,000
BUNGALOW 4 N/A N/A $375,000 7.1% 21.0% $310,000
CARAVONICA 9 N/A N/A $368,000 1.5% 2.2% $360,000
CLIFTON BEACH 10 N/A N/A $521,000 -2.6% 9.1% $477,500
EARLVILLE 11 N/A N/A $367,500 5.0% 21.7% $302,000
EDGE HILL 10 N/A N/A $480,000 -1.0% 7.7% $445,500
EDMONTON 38 $342,000 -2.3% $335,000 -2.9% 6.3% $315,000
FRESHWATER 6 N/A N/A $511,000 2.5% 5.4% $485,000
GOLDSBOROUGH ^ 2 N/A N/A $483,500 4.0% 21.6% $397,500
GORDONVALE 18 N/A N/A $313,500 10.0% 14.0% $275,000
GORDONVALE ^ 2 N/A N/A $647,500 21.0% 13.0% $573,000
HOLLOWAYS BEACH 7 N/A N/A $400,000 6.0% 15.3% $347,000
KANIMBLA 4 N/A N/A $529,500 10.3% 25.4% $422,250
KEWARRA BEACH 26 $403,000 -6.3% $420,000 -2.3% 6.3% $395,000
MANOORA 12 N/A N/A $311,000 11.1% 5.4% $295,000
MANUNDA 9 N/A N/A $309,500 -7.1% 4.9% $295,000
MOOROOBOOL 22 $395,000 -1.1% $386,500 4.5% 8.7% $355,500
MOUNT SHERIDAN 41 $340,000 -11.7% $370,000 2.1% 8.8% $340,000
PALM COVE 8 N/A N/A $648,500 10.9% 37.2% $472,500
PARRAMATTA PARK 5 N/A N/A $435,000 11.5% 14.5% $380,000
REDLYNCH 25 $465,000 -1.6% $460,000 2.1% 13.3% $406,000
SMITHFIELD 27 $415,000 2.5% $415,000 0.9% 15.3% $360,000
TRINITY BEACH 19 N/A N/A $490,000 3.4% 30.7% $375,000
TRINITY PARK 12 N/A N/A $430,000 0.0% 13.2% $380,000
WESTCOURT 3 N/A N/A $366,000 9.7% 22.0% $300,000
WHITE ROCK 8 N/A N/A $325,500 6.7% 17.1% $278,000
WHITFIELD 14 N/A N/A $480,000 -10.8% 6.7% $450,000
WOREE 7 N/A N/A $358,750 6.1% 17.1% $306,250
SURROUNDS
CASSOWARY COAST (LGA) 38 $217,500 -12.7% $230,000 -5.4% -11.5% $260,000
CASSOWARY COAST (LGA) ^ 19 N/A N/A $350,000 9.4% 0.0% $350,000
DOUGLAS (LGA) 33 $437,500 5.4% $435,000 4.8% 12.3% $387,500
PORT DOUGLAS 14 N/A N/A $527,500 -0.5% -7.5% $570,000
MAREEBA (LGA) 19 N/A N/A $275,000 -1.8% -1.8% $280,000
MAREEBA (LGA) ^ 16 N/A N/A $450,000 4.7% 6.5% $422,500
KURANDA ^ 7 N/A N/A $469,000 8.4% 10.4% $425,000
MAREEBA 16 N/A N/A $275,000 -1.8% -1.8% $280,000
TABLELANDS (LGA) 45 $309,000 6.1% $308,000 6.2% 2.7% $300,000
TABLELANDS (LGA) ^ 28 $439,000 20.3% $417,500 5.7% 5.7% $395,000
ATHERTON 23 $327,500 0.8% $317,500 5.8% -0.8% $320,000
TOL GA ^ 4 N/A N/A $407,500 -3.6% -9.4% $450,000
SALES MARKET - UNITS & TOWNHOUSES
SALES MARKET - VACANT LAND
SURROUNDS
DOUGLAS (LGA) 46 $228,500 4.1% $219,000 -10.6% -6.0% $233,000
PORT DOUGLAS 41 $225,000 -2.2% $217,500 -9.4% -5.4% $230,000
ATHERTON 2 N/A N/A $210,000 2.4% -11.6% $237,500
CAIRNS (LGA) 59 $200,800 -4.8% $207,000 2.5% 18.3% $175,000
EDMONTON 12 N/A N/A $153,950 10.7% 8.4% $142,000
GORDONVALE 3 N/A N/A $141,000 4.4% 14.2% $123,500
KANIMBLA 4 N/A N/A $250,000 2.0% 16.3% $215,000
KEWARRA BEACH 3 N/A N/A $247,500 -10.3% -4.8% $260,000
REDLYNCH 5 N/A N/A $242,000 12.6% 38.3% $175,000
SMITHFIELD 6 N/A N/A $214,500 9.4% 19.2% $180,000
TRINITY PARK 6 N/A N/A $221,500 -1.6% 18.8% $186,500
SURROUNDS
CASSOWARY COAST (LGA) 14 N/A N/A $88,000 3.5% -34.8% $135,000
MISSION BEACH 2 N/A N/A $90,000 -14.3% -40.0% $150,000
DOUGLAS (LGA) 12 N/A N/A $148,522 -0.3% 4.2% $142,500
MAREEBA (LGA) 11 N/A N/A $95,000 5.6% -3.1% $98,000
MAREEBA 10 N/A N/A $95,000 3.8% -3.1% $98,000
CAIRNS REGIONAL $360 454 $360 393
4865 GORDONVALE $320 15 $340 15
4868MT SHERIDAN/ BAYVIEW HT/ TARRAWARRA/ WHITE ROCK/ WOREE
$350 94 $350 67
4869CENTENARY HTS/ CENTENARY PK/ EDMONTON/ TAMARIND GARDENS
$335 52 $330 45
4870 CAIRNS & SUBURBS OF CAIRNS $370 160 $370 151
4878
CARAVONICA/ HOLLOWAYS BCH/ LAKE PLACID/ MACHANS BCH/ MCGREGOR/ SMITHFIELD/ SMITHFIELD HTS/ YORKEYS KNOB
$380 55 $360 49
4879BUCHAN PT/ CLIFTON BCH/ ELLIS BCH/ KEWARRA BCH/ PALM COVE/ TRINITY BCH/ TRINITY PK
$395 75 $400 61
DOUGLAS SHIRE $350 33 $320 36
4873MOSSMAN/ COOYA BEACH/ COW BAY/ MIALLO/ NEWELL/ WONGA
$320 20 $315 25
4877PORT DOUGLAS/ CRAIGLIE/ MOWBRAY/ OAK BEACH
$420 13 $400 11
CASSOWARY COAST REGIONAL $295 102 $290 114
4849 CARDWELL $250 8 $280 10
4852 BINGIL BAY $320 18 $325 21
4854 BILYANA $300 19 $290 23
4858 COMOON LOOP $280 5 N/A N/A
4860 BAMBOO CREEK $280 44 $280 53
TABLELANDS REGIONAL $295 93 $290 82
4872DIMBULAH/ KAIRI/ MT GARNETT/ TINAROO/ WALKAMIN
$280 12 $300 7
4882 TOLGA $350 6 $295 6
4883 ATHERTON/ UPPER BARON $300 37 $290 39
4884 YUNGABURRA/ LAKE EACHAM $280 6 $330 9
4885 MALANDA/ TARZALI/ JAGGAN $280 11 $280 11
4887 HERBERTON/ WONDECLA $280 6 N/A 4
4888 RAVENSHOE/ EVELYN/ MILLSTREAM $250 12 $275 6
MAREEBA SHIRE $305 56 $300 59
4880 MAREEBA/ BIBOOHRA $300 38 $300 45
4881 KURANDA/ KOAH/ SPEEWAH $320 18 $360 14
RENTAL MARKET - 3 BED HOUSESPOST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
SALES MARKET - HOUSES
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
SALES MARKET - UNITS & TOWNHOUSES (CONT’D)
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
46 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
CAIRNS REGIONAL $290 847 $290 864
4868MT SHERIDAN/ BAYVIEW HTS/ TARRAWARRA/ WHITE ROCK/ WOREE
$265 76 $250 95
4869CENTENARY HTS/ CENTENARY PK/ EDMONTON/ TAMARIND GARDENS
$240 14 $250 16
4870 CAIRNS & SUBURBS OF CAIRNS $290 562 $290 528
4878
CARAVONICA/ HOLLOWAYS BCH/ LAKE PLACID/ MACHANS BCH/ MCGREGOR/ SMITHFIELD/ SMITHFIELD HTS/ YORKEYS KNOB
$290 92 $290 90
4879BUCHAN PT/ CLIFTON BCH/ ELLIS BCH/ KEWARRA BCH/ PALM COVE/ TRINITY BCH/ TRINITY PK
$300 99 $310 128
DOUGLAS SHIRE $290 57 $280 83
4873MOSSMAN/ COOYA BEACH/ COW BAY/ MIALLO/ NEWELL/ WONGA
$200 7 $200 22
4877PORT DOUGLAS/ CRAIGLIE/ MOWBRAY/ OAK BEACH
$290 50 $290 61
CASSOWARY COAST REGIONAL $220 99 $200 85
4849 CARDWELL $195 8 N/A N/A
4852 BINGIL BAY $250 25 $230 22
4854 BILYANA $145 27 $210 11
4860 BAMBOO CREEK $230 38 $193 49
TABLELANDS REGIONAL $210 28 $230 35
4883 ATHERTON/ UPPER BARON $220 20 $235 28
MAREEBA SHIRE $250 27 $250 25
4880 MAREEBA/ BIBOOHRA $250 25 $250 21
RENTAL MARKET - 2 BED UNITSPOST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 3 BED TOWNHOUSESCAIRNS REGIONAL $350 20 $370 13
4870 CAIRNS & SUBURBS OF CAIRNS $350 13 $330 6
4861 BABINDA/ BARTLE FRERE
DOUGLAS SHIRE $385 10 N.A. 4
4877PORT DOUGLAS/ CRAIGLIE/ MOWBRAY/ OAK BEACH
$385 10 N/A 3
47
REGIONAL MARKET UPDATES
MARCH QUARTER 2016
OTHER REGIONAL
SALES MARKET - VACANT LAND
SOUTH-WEST
MARANOA (LGA) 14 N/A N/A $245,000 -14.0% -13.7% $284,000
ROMA 11 N/A N/A $260,000 -15.0% -11.9% $295,000
CHARLEVILLE 1 N/A N/A $110,000 -1.1% -22.8% $142,500
NORTH-WEST
MOUNT ISA (LGA) 22 $291,500 -2.2% $325,000 -7.7% -6.2% $346,500
COOKTOWN 2 N/A N/A $275,000 22.0% -16.0% $327,500
TABLELANDS (LGA) 8 N/A N/A $105,000 5.0% -10.3% $117,000
ATHERTON 3 N/A N/A $100,000 0.0% -16.0% $119,000
SOUTH WEST
BALONNE SHIRE $250 17 $240 19
4487 ST GEORGE $250 14 $240 17
MARANOA REGIONAL $230 72 $350 51
4455 ROMA $250 60 $350 39
MURWEH $215 17 $230 19
4470 CHARLEVILLE $215 16 $230 19
CENTRAL WEST
LONGREACH $225 17 $260 23
4730 BRIXTON $230 15 $260 21
BLACKALL-TAMBO $200 6 N/A N/A
4472 BLACKALL $200 6 N/A N/A
NORTH WEST
CLONCURRY SHIRE $300 8 $360 15
4824 CLONCURRY $300 8 $360 15
MOUNT ISA CITY $380 105 $430 110
4825 ALEXANDRIA $380 105 $430 110
FAR NORTH
COOK SHIRE $300 26 $280 27
4871 ALMADEN $300 18 $240 16
4895 BLOOMFIELD $350 7 $330 9
RENTAL MARKET - 3 BED HOUSES
SOUTH WEST
BALONNE SHIRE $160 6 N/A N/A
4487 ST GEORGE N/A 4 N/A N/A
MARANOA REGIONAL $185 29 $280 24
4455 ROMA $185 26 $280 23
CENTRAL WEST
NORTH WEST
CLONCURRY SHIRE $250 8 N/A 8
4824 CLONCURRY $250 8 $220 8
MOUNT ISA CITY $250 74 $290 90
4825 ALEXANDRIA $250 74 $290 90
FAR NORTH
COOK SHIRE $270 8 $250 11
4895 BLOOMFIELD N/A 3 $265 9
RENTAL MARKET - 2 BED UNITSPOST MAR-16 MAR-15
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
SALES MARKET - HOUSES
SUBURB NO. SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
ANNUAL MEDIAN
SALE (5YRS AGO)
48 QUEENSLAND MARKET MONITOR
ON THE MARKET INDICATORS
0
20
40
60
80
100
120
140
BRIS
BAN
E SD
Bris
bane
Ipsw
ich
Loga
n
Mor
eton
Bay
Redl
and
Gol
d Co
ast
Suns
hine
Coa
st S
D
Suns
hine
Coa
st
Noo
sa
Fras
er C
oast
Cair
ns
Bund
aber
g
Gla
dsto
ne
Mac
kay
Rock
ham
pton
Toow
oom
ba
Tow
nsvi
lle
Average Days On Market - HOUSES
2015 2016*
*12mths to the end of February Source: REIQ, data supplied by CoreLogic RP Data
-14.0%
-12.0%
-10.0%
-8.0%
-6.0%
-4.0%
-2.0%
0.0%
Average Vendor Discounting - HOUSES
2015 2016*
ON THE MARKET INDICATORS
HOUSES CHANGE OVER YEAR
LGA TOTAL LISTINGS % STOCK ON MARKET DAYS ON MARKET VENDOR DISCOUNT TOTAL
LISTINGS% STOCK ON
MARKETDAYS ON MARKET
VENDOR DISCOUNT
12MTHS ENDING FEB 2016* 2015 2016* 2015 2016* 2015 2016* 2015 PTS PTS
BRISBANE SD 44,647 49,875 7.0% 7.9% 67 66 -5.5% -5.7% -10% -0.8% 0 0.2%
BRISBANE 19,782 21,391 6.5% 7.0% 57 57 -5.5% -5.6% -8% -0.5% 0 0.0%
IPSWICH 4,397 5,427 7.1% 8.7% 82 81 -6.1% -6.6% -19% -1.7% 1 0.5%
LOGAN 6,717 7,360 7.6% 8.3% 70 76 -5.2% -5.6% -9% -0.7% -5 0.4%
MORETON BAY 9,728 11,152 7.5% 8.6% 71 72 -5.1% -5.4% -13% -1.1% -0 0.3%
REDLAND 4,023 4,545 8.0% 9.1% 75 71 -5.6% -5.8% -11% -1.0% 4 0.2%
GOLD COAST 10,043 11,329 8.0% 9.0% 68 72 -5.4% -6.0% -11% -1.0% -4 0.6%
SUNSHINE COAST SD 8,702 11,044 8.5% 10.8% 89 88 -5.8% -5.9% -21% -2.3% 1 0.1%
SUNSHINE COAST 6,923 8,481 8.4% 10.3% 85 84 -5.6% -5.7% -18% -1.9% 0 0.1%
NOOSA 1,779 2,563 9.2% 13.2% 107 104 -6.6% -6.7% -31% -4.1% 3 0.1%
FRASER COAST 3,609 4,880 9.7% 13.1% 115 108 -7.8% -7.9% -26% -3.4% 7 0.1%
CAIRNS 3,582 3,727 7.9% 8.3% 72 66 -6.4% -5.8% -4% -0.3% 6 -0.6%
BUNDABERG 2,913 3,806 8.7% 11.4% 103 99 -7.9% -8.0% -23% -2.7% 5 0.1%
GLADSTONE 1,516 2,197 6.9% 10.0% 99 113 -10.2% -10.0% -31% -3.1% -14 -0.2%
MACKAY 2,586 3,497 6.8% 9.2% 107 105 -12.2% -10.6% -26% -2.4% 2 -1.6%
ROCKHAMPTON 2,247 2,848 8.1% 10.3% 104 97 -9.8% -9.0% -21% -2.2% 7 -0.8%
TOOWOOMBA 4,217 4,704 8.5% 9.5% 72 63 -5.9% -4.7% -10% -1.0% 8 -1.2%
TOWNSVILLE 4,109 5,261 6.9% 8.8% 96 92 -9.2% -8.1% -22% -1.9% 4 -1.2%
* Figures are preliminary
Source: REIQ. Data supplied by CoreLogic RP Data Market Trends
49 MARCH QUARTER 2016
ON THE MARKET INDICATORS
0
20
40
60
80
100
120
140
160
180
BRIS
BAN
E SD
Bris
bane
Ipsw
ich
Loga
n
Mor
eton
Bay
Redl
and
Gol
d Co
ast
Suns
hine
Coa
st S
D
Suns
hine
Coa
st
Noo
sa
Fras
er C
oast
Cair
ns
Bund
aber
g
Gla
dsto
ne
Mac
kay
Rock
ham
pton
Toow
oom
ba
Tow
nsvi
lle
Average Days On Market - UNITS
2015 2016*
*12mths to the end of February Source: REIQ, data supplied by CoreLogic RP Data
-16.0%
-14.0%
-12.0%
-10.0%
-8.0%
-6.0%
-4.0%
-2.0%
0.0%
Average Vendor Discounting - UNITS
2015 2016*
UNITS & TOWNHOUSES CHANGE OVER YEAR
LGA TOTAL LISTINGS % STOCK ON MARKET DAYS ON MARKET VENDOR
DISCOUNTTOTAL
LISTINGS% STOCK
ON MARKETDAYS ON MARKET
VENDOR DISCOUNT
12MTHS ENDING FEB 2016* 2015 2016* 2015 2016* 2015 2016* 2015 PTS PTS
BRISBANE SD 14,624 15,393 7.7% 8.1% 76 73 -5.0% -5.1% -5% -0.4% 3 0.1%
BRISBANE 9,971 9,860 7.0% 6.9% 69 63 -4.7% -4.7% 1% 0.1% 5 -0.0%
IPSWICH 501 558 9.8% 10.9% 107 114 -6.9% -7.4% -10% -1.1% -7 0.6%
LOGAN 1,455 1,758 10.2% 12.3% 87 97 -5.5% -6.2% -17% -2.1% -10 0.7%
MORETON BAY 2,015 2,423 9.0% 10.9% 102 101 -5.8% -5.8% -17% -1.8% 2 -0.1%
REDLAND 682 794 9.5% 11.0% 88 90 -5.2% -5.4% -14% -1.6% -2 0.2%
GOLD COAST 11,247 13,139 9.2% 10.8% 88 91 -5.7% -6.5% -14% -1.6% -3 0.8%
SUNSHINE COAST SD 4,671 5,876 9.5% 12.0% 107 105 -6.2% -6.4% -21% -2.5% 1 0.3%
SUNSHINE COAST 3,649 4,515 9.5% 11.7% 104 103 -6.1% -6.3% -19% -2.3% 1 0.2%
NOOSA 1,022 1,361 9.7% 12.9% 117 112 -6.5% -6.9% -25% -3.2% 5 0.4%
FRASER COAST 591 811 12.7% 17.4% 127 104 -7.6% -5.7% -27% -4.7% 22 -1.9%
CAIRNS 2,105 2,197 9.7% 10.1% 89 86 -7.2% -7.1% -4% -0.4% 4 -0.1%
BUNDABERG 421 544 11.5% 14.8% 123 152 -8.0% -8.4% -23% -3.4% -30 0.4%
GLADSTONE 246 344 6.4% 9.0% 131 130 -10.9% -13.3% -28% -2.6% 1 2.4%
MACKAY 474 655 7.5% 10.4% 118 144 -15.1% -14.0% -28% -2.9% -27 -1.1%
ROCKHAMPTON 182 247 7.9% 10.7% 111 121 -7.2% -7.9% -26% -2.8% -9 0.7%
TOOWOOMBA 623 616 8.3% 8.2% 90 69 -4.7% -4.4% 1% 0.1% 21 -0.3%
TOWNSVILLE 1,201 1,625 9.7% 13.1% 112 122 -9.3% -9.2% -26% -3.4% -10 -0.0%
* Figures are preliminary
Source: REIQ. Data supplied by CoreLogic RP Data Market Trends
50 QUEENSLAND MARKET MONITOR
RENTAL MARKET INDICATORS
RENTAL MARKET INDICATORSRESIDENTIAL VACANCY RATES
AS AT END OF: MAR-16 DEC-15 CHANGE TREND STATUS
BRISBANE SD 2.6% 2.8% -0.2 STEADY HEALTHY
BRISBANE 3.0% 3.1% -0.2 STEADY HEALTHY
BRISBANE INNER (0-5KM) 3.3% 3.8% -0.5 DOWN HEALTHY
BRISBANE BAL (5-20KM) 2.5% 2.1% 0.4 UP HEALTHY
BRISBANE SURROUNDS 2.0% 2.3% -0.3 DOWN TIGHT
IPSWICH 1.8% 2.5% -0.7 DOWN TIGHT
LOGAN 2.1% 2.9% -0.8 DOWN TIGHT
MORETON BAY 2.2% 1.9% 0.3 STEADY TIGHT
CABOOLTURE 1.6% 1.4% 0.2 STEADY TIGHT
PINE RIVERS 3.3% 2.9% 0.3 UP HEALTHY
REDCLIFFE 2.4% 1.5% 0.9 UP TIGHT
REDLAND 1.7% 1.6% 0.1 STEADY TIGHT
MAINLAND 1.7% 1.6% 0.1 STEADY TIGHT
BAY ISLANDS 2.1% 2.2% -0.1 STEADY TIGHT
GOLD COAST 1.5% 1.1% 0.4 UP TIGHT
SUNSHINE COAST SD 1.5% 1.3% 0.2 STEADY TIGHT
SUNSHINE COAST 1.5% 1.4% 0.1 STEADY TIGHT
CALOUNDRA COAST 1.2% 1.7% -0.5 DOWN TIGHT
MAROOCHY COAST 1.8% 1.3% 0.5 UP TIGHT
HINTERLAND* 0.9% 1.6% -0.8 DOWN TIGHT
NOOSA 1.4% 0.7% 0.7 UP TIGHT
FRASER COAST 3.2% 3.5% -0.3 DOWN HEALTHY
HERVEY BAY 3.1% 3.0% 0.1 STEADY HEALTHY
MARYBOROUGH 3.2% 4.0% -0.8 DOWN HEALTHY
CAIRNS 2.1% 2.5% -0.4 DOWN TIGHT
BUNDABERG 5.2% 3.9% 1.3 UP WEAK
GLADSTONE 11.3% 10.0% 1.3 UP WEAK
MACKAY 8.1% 9.3% -1.2 DOWN WEAK
ROCKHAMPTON 6.9% 6.1% 0.8 UP WEAK
TOOWOOMBA 3.0% 3.2% -0.2 STEADY HEALTHY
TOWNSVILLE 6.0% 6.4% -0.4 DOWN WEAK
SOUTH BURNETT 3.6% 5.9% -2.4 DOWN WEAK
SOUTHERN DOWNS 3.1% 5.5% -2.4 DOWN HEALTHY
WHITSUNDAY 10.0% 9.5% 0.5 UP WEAK
GROSS YIELDS HOUSES UNITS
QUARTER: MAR-16 DEC-15 MAR-16 DEC-15
GREATER BRISBANE
BRISBANE 3.6% 3.5% 4.9% 4.8%
IPSWICH 5.0% 4.8% 5.7% 4.6%
LOGAN 4.8% 4.9% 5.7% 5.7%
MORETON BAY 4.4% 4.3% 4.8% 4.5%
REDLAND 4.1% 4.1% 4.9% 5.0%
TOURISM CENTRES
GOLD COAST 4.3% 4.2% 5.5% 5.3%
SUNSHINE COAST 4.4% 4.4% 4.8% 4.9%
NOOSA 4.3% 4.3% 4.5% 4.5%
FRASER COAST 5.1% 5.2% 5.1% 5.7%
CAIRNS 4.8% 4.7% 6.7% 6.7%
REGIONAL/RESOURCE AREAS
BUNDABERG 5.3% 5.4% 4.9% 4.6%
GLADSTONE 3.8% 3.8% 3.3% N/A
MACKAY 4.5% 4.3% 4.7% 3.7%
ROCKHAMPTON 5.7% 5.4% 4.3% N/A
TOOWOOMBA 4.4% 4.4% 4.1% 4.2%
TOWNSVILLE 4.9% 4.6% 5.2% 4.7%
OTHER REGIONAL AREAS
BURDEKIN 7.5% N/A N/A N/A
CASSOWARY COAST 7.1% 5.9% 10.6% N/A
CENTRAL HIGHLANDS 7.2% N/A 4.6% N/A
CHARTERS TOWERS N/A N/A N/A N/A
DOUGLAS 4.2% N/A 6.6% 7.3%
GOONDIWINDI N/A N/A N/A N/A
GYMPIE 5.3% 5.4% 3.8% N/A
HINCHINBROOK N/A N/A 4.9% N/A
ISAAC 13.5% N/A 8.9% N/A
LIVINGSTONE 4.0% 4.2% 5.7% 4.0%
LOCKYER VALLEY 6.0% 6.3% 5.2% N/A
MAREEBA N/A N/A 4.6% N/A
MOUNT ISA 6.8% N/A N/A N/A
NORTH BURNETT N/A N/A 6.8% N/A
SCENIC RIM 5.2% 5.3% 5.9% N/A
SOMERSET 6.5% N/A 4.2% N/A
SOUTH BURNETT 6.0% 7.0% 7.0% N/A
SOUTHERN DOWNS 5.8% 5.6% 5.1% N/A
TABLELANDS 5.0% 5.2% 6.8% N/A
WESTERN DOWNS 5.0% 5.9% 15.6% N/A
WHITSUNDAY 5.3% 4.1% 4.7% 3.9%
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
Vacancy Trend: Steady = +/- 0 to 0.2%pts Up = +0.3% pts or more Down = -0.3% pts or more * change greater than 0.5 pts
Market Status: TIght <2.5% Healthy 2.5-3.5% Weak >3.5%
Source: REIQ Residential Rental Survey
Yields comparison based on preliminary data for Mar-2016 N/A: Any region with less than 20 transactions is not included in yield calculations
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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• Useful charts and graphs; and
• Analytical market commentary.
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