Queensland Market Monitor - March Quarter 2014

your state-wide property research guide suburb by suburb

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MARCH QTR 2014

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QMM STATE-WIDE COMMENTARY

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Queensland’s key real estate markets are firmly in recovery phase, with strong sales in the southeast corner and a number of the state’s regional tourism centres reflecting growing market confidence.

The continued trend upwards in sales activity, however, is varied across the major local government areas, with a tapering off activity recorded in the state’s regional mining centres, resulting in a two-tiered effect for the overall Queensland residential market.

According to the Australian Bureau of Statistics, the number of dwellings financed was down over the month of January, but over the remainder of the March quarter, all buyer types recorded increased activity.

STRONG SOUTHEAST RECOVERY

http://www.rpdata.com/solutions/residential_real_estate_agents_solutions_to_drive_your_business.html

2 QUEENSLAND MARKET MONITOR

HOUSE MARKETS

Southeast Queensland, including Toowoomba and the state’s coastal tourism centres continue to show strengthening market conditions, while the residential property markets in regional mining centres of Gladstone and Mackay have recorded easing conditions.

In Greater Brisbane, sales activity remained consistent with the December quarter, however with a shift in increased activity weighted towards the outer regions, where the median house price was down 1.1 per cent. Metropolitan Brisbane itself saw a drop of 7 per cent in preliminary house sales numbers while activity was strong elsewhere in the Brisbane statistical division.

Sales activity was most improved in the Moreton Bay regional council area, which saw an increase of 7 per cent in preliminary sales numbers over the March quarter. Ipswich and Redland closely followed with both recording an increase of 6 per cent.

The state’s tourism centres continue to perform strongly, with all four regions – Gold Coast, Sunshine Coast, Fraser Coast and Cairns – posting solid growth in their median house prices. On the Sunshine Coast preliminary sales numbers were up 4 per cent over the quarter, while over the year to March, the Gold Coast was the star performer with an increase of over 20 per cent. And while activity was down slightly over the March quarter in Cairns, over the year to March activity was up a healthy 15 per cent.

Median house price growth across these four tourism regions have now begun trending upwards following two consecutive quarters of positive results.

The state’s mining centres, however, continue to record subdued market conditions with sales activity down in Gladstone and Rockhampton by more than 10 per cent. Despite the easing sales volumes in Gladstone, median house prices have only recorded drops at an annual moving trend of less than -2.0 per cent for the last two quarters.

In the remaining regional centres of Toowoomba, Townsville and Bundaberg, preliminary sales numbers were generally steady or down slightly over the quarter. However figures for the year ending March show a strengthening Toowoomba market, with sales numbers up 18 per cent compared to the previous 12 months.

Queensland market update 1

State-Wide Summary (cont’d) 2

REIQ Explanatory notes 5

Brisbane market updates

Brisbane City 6

Greater Brisbane 11

Regional market updates

Gold Coast 16

Toowoomba 19

Sunshine Coast 21

Fraser Coast 23

Bundaberg 25

Gladstone 27

Rockhampton 28

Mackay 30

Townsville 32

Cairns 34

Other Regional 36

On The Market Indicators 37

Average Vendor Discount

Average Days on Market

Total Listings

Rental Market Indicators 38

Gross rental yields

Residential vacancy rates

TABLE OF CONTENTS

REIQSTATE-WIDE SUMMARY CONTINUED

Median house price growth across these four tourism regions have now begun trending upwards

Clarification: The REIQ incorrectly reported in a media release issued on Wednesday 21 May that total house sales numbers in Queensland were up 8.3 per cent over the March quarter 2014. In fact, total house sales numbers in Queensland were down 1.8 per cent in this period. The REIQ regrets any inconvenience caused by this error.

QUEENSLAND - PRICEPOINTS

30243632

2856

292

2865

3576

2896

299

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

QUEENSLAND HOUSE SALES (p)

DEC 13 MAR 14

(p) Preliminary sales, excluding agents advice sales where no sale price is disclosed. Source: REIQ, data provided by RP Data.

770

1163 1148

669

116

858

1354 1411

811

107

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

QUEENSLAND UNIT SALES (p) DEC 13 MAR 14

(p) Preliminary sales, excluding agents advice sales where no sale price is disclosed.Source: REIQ, data provided by RP Data.

732

15366 28 2

791

19584

29 4

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

QUEENSLAND LAND SALES (p) DEC 13 MAR 14



30243632

2856

292

2865

3576

2896

299

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


DEC 13 MAR 14


770

1163 1148

669

116

858

1354 1411

811

107

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



732

15366 28 2

791

19584

29 4

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




30243632

2856

292

2865

3576

2896

299

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


DEC 13 MAR 14


770

1163 1148

669

116

858

1354 1411

811

107

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



732

15366 28 2

791

19584

29 4

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



MARCH QUARTER 2014 HOUSES (<2400) UNITS & TOWNHOUSES VACANT LAND (<2400)

LGAMEDIAN SALE

MAR14

QTRLY CHANGE

SALES ACTIVITY TREND

MEDIAN SALE MAR14

QTRLY CHANGE


MEDIAN SALE

MAR14

QTRLY CHANGE


SOUTHEAST QLD

BRISBANE (SD) $460,000 -1.1% STEADY $385,000 0.0% UP $219,000 1.9% UP

BRISBANE CITY (LGA) $560,000 -0.4% DOWN $415,000 1.7% UP $320,000 -4.3% UP

IPSWICH CITY (LGA) $301,680 -2.1% UP $230,000 5.0% ~ t STEADY $172,000 -0.3% UP

LOGAN CITY (LGA) $352,000 2.0% STEADY $227,500 -5.2% UP $195,500 23.0% ~ * UP

MORETON BAY (LGA) $382,000 -1.5% UP $308,500 3.2% UP $211,635 -7.6% UP

REDLAND CITY (LGA) $460,000 1.0% UP $322,500 -8.1% ~ f UP $40,000 33.3% ~ f DOWN

GOLD COAST CITY (LGA) $500,000 4.2% ~ STEADY $350,000 2.9% UP $231,000 0.4% UP

SUNSHINE COAST (LGA) $465,000 2.0% UP $361,000 6.2% UP $245,000 0.4% UP

MAJOR REGIONAL QLD

TOOWOOMBA (LGA) $325,000 -1.2% STEADY $270,000 2.7% UP $172,000 11.0% ~ UP

FRASER COAST (LGA) $300,000 2.9% STEADY $270,000 22.7% * f UP $150,000 -5.4% ~ STEADY

BUNDABERG (LGA) $269,500 -3.8% ~ DOWN $234,500 -3.7% ~ STEADY $127,500 4.5% UP

GLADSTONE (LGA) $417,500 -0.6% DOWN N/A N/A STEADY $195,000 -6.3% * DOWN

ROCKHAMPTON (LGA) $329,500 3.0% DOWN $375,000 34.2% * f UP $179,500 -0.2% ~ DOWN

MACKAY (LGA) $405,000 -1.2% DOWN $316,000 14.2% ~ f STEADY $222,000 -1.3% UP

TOWNSVILLE (LGA) $364,000 2.0% STEADY $265,000 -5.4% ~ UP $166,000 3.3% STEADY

CAIRNS (LGA) $375,000 5.6% ~ DOWN $212,000 15.5% * t UP $175,000 2.9% UP

12MTHS ENDING FEB-14 HOUSES (ALL) UNITS (ALL)

LGASALES

MAKING PROFIT

DAYS ON

MARKET

AVERAGE VENDOR

DISCOUNT

SALES MAKING PROFIT

DAYS ON

MARKET

AVERAGE VENDOR

DISCOUNTSOUTHEAST QLDBRISBANE 93% 65 -5.7% 84% 77 -5.2%IPSWICH 78% 90 -7.1% 63% 136 -7.3%LOGAN 84% 81 -6.1% 74% 103 -7.1%MORETON BAY 82% 80 -5.9% 63% 110 -6.2%REDLAND 85% 75 -6.0% 77% 98 -5.2%GOLD COAST 79% 79 -6.3% 61% 101 -7.5%SUNSHINE COAST 77% 96 -6.3% 64% 111 -6.9%MAJOR REGIONAL QLDTOOWOOMBA 95% 71 -4.8% 92% 75 -4.4%BUNDABERG 81% 84 -6.8% 52% 140 -7.9%CAIRNS 78% 81 -6.3% 63% 109 -6.1%FRASER COAST 74% 115 -7.6% 70% 134 -10.4%GLADSTONE 85% 119 -9.5% 81% 110 -6.7%MACKAY 86% 91 -8.0% 71% 117 -9.3%ROCKHAMPTON 87% 92 -7.4% 54% 124 -9.7%TOWNSVILLE 76% 90 -7.4% 50% 103 -7.8%

3

STATE-WIDE SUMMARY

MARCH QUARTER 2014

SEE PAGE 37 FOR FULL ON THE MARKET STATISTICS BY LOCAL GOVERNMENT AREA

UNIT AND TOWNHOUSE MARKETS

Typically lagging behind the house market, the Queensland unit and townhouse market has now also begun its path to recovery, with sales volumes also up across the state and the Greater Brisbane council areas again recording the strongest increase in sales activity.

Unit sales were also strong in the tourism centres, with the Cairns unit and townhouse market recording solid buyer activity in the $250,000 to $350,000 price bracket, contributing to an increase of 15.5 per cent in the region’s median unit sale price to $212,000.

The Fraser Coast also posted a significant increase of 22.7 per cent in its median unit and townhouse sale price with strong sales in the $350,000-plus bracket.

Prestige unit sales were also healthy on both the Gold and Sunshine Coasts, with both recording solid median sales price growth as well as overall unit sales activity.

According to local agents, investor confidence in the Queensland residential property market continues to strengthen, particularly from interstate investors who continue to find better value for money in the Sunshine State compared to those below the border.

RENTAL MARKETS

Following an easing in vacancy rates three months ago, the majority of Queensland’s rental markets returned to tighter conditions. Stronger tenant demand, coupled with investor stock being sold to owner occupiers, were common theme across the State.

The REIQ’s latest Residential Rental Survey, carried out in March across all REIQ accredited agencies has found that the majority of the state recorded lower vacancy rates compared to three months ago.

Despite increased investor activity across Queensland, local agents report increased number of sales of former investment properties to owner-occupiers, reducing the overall rental pool in some areas.

Queensland’s tourist centres and Toowoomba continue to experience tight market conditions, however with the slowdown in the mining industry the likes of Gladstone, Mackay and Rockhampton continue to experience a glut of vacancies, despite some improvement in their respective vacancy rates.

According to the latest results from Residential Tenancies Authority, median weekly rents remained relatively steady in SEQ and the tourism centres. However in the mining regions, where market conditions have been weak for a year now, market rents are easing.

(-) steady (u) up (d) down * change greater than 0.5 pts

(-) steady (u) up (d) down * change greater than 0.5 pts

(-) steady (u) up (d) down * change greater than $20

STATE-WIDE SUMMARY CONTINUED


STATE-WIDE SUMMARY

MEDIAN WEEKLY RENTS

LGA 3 BED H 2 BED F 3 BED TSOUTH EAST QUEENSLANDBRISBANE CITY $420 UP $400 UP $410 STEADYIPSWICH CITY $300 UP $248 UP $310 UPLOGAN CITY $330 STEADY $260 UP $330 STEADYMORETON BAY $330 STEADY $280 UP $330 STEADYREDLAND CITY $380 UP $320 UP $385 UPGOLD COAST CITY $430 UP $360 UP $380 UPSUNSHINE COAST** $400 UP* $320 UP $375 STEADYMAJOR REGIONSTOOWOOMBA $300 UP $245 UP $310 UP*FRASER COAST $280 UP $225 UP $310 UPBUNDABERG $285 UP $240 UP $290 DOWNGLADSTONE $350 DOWN* $300 DOWN* $400 DOWN*ROCKHAMPTON $310 DOWN* $240 DOWN* N.A. N.A.MACKAY $370 DOWN* $290 DOWN* $380 DOWN*TOWNSVILLE CITY 1 $350 STEADY $285 DOWN $295 DOWNCAIRNS 1 $350 UP $280 UP $260 UP*

VACANCY RATES

LGA MAR 14 TRENDSOUTH EAST QUEENSLANDBRISBANE CITY 2.3% DOWN*IPSWICH CITY 1.8% STEADYLOGAN CITY 1.2% DOWN*MORETON BAY 1.5% DOWNREDLAND CITY 1.6% DOWN*GOLD COAST CITY 2.2% STEADYSUNSHINE COAST 1.2% STEADYMAJOR REGIONSTOOWOOMBA 1.4% STEADYFRASER COAST 2.5% DOWN*BUNDABERG 4.5% STEADYGLADSTONE 6.4% DOWN*ROCKHAMPTON 6.0% DOWN*MACKAY 7.5% STEADYTOWNSVILLE CITY 4.7% STEADYCAIRNS 2.2% STEADY

GROSS RENTAL YIELDS

LGA HOUSES UNITSSOUTH EAST QUEENSLANDBRISBANE CITY 3.9% STEADY 5.0% STEADYIPSWICH CITY 5.2% STEADY 5.6% DOWNLOGAN CITY 4.9% DOWN 5.9% UPMORETON BAY 4.5% STEADY 4.7% STEADYREDLAND CITY 4.3% STEADY 5.2% UPGOLD COAST CITY 4.5% STEADY 5.3% STEADYSUNSHINE COAST 4.5% STEADY 4.6% DOWNMAJOR REGIONSTOOWOOMBA 4.8% UP 4.7% STEADYFRASER COAST 4.9% STEADY 4.3% DOWN*BUNDABERG 5.5% UP 5.3% UP*GLADSTONE 4.4% DOWN N/A N/AROCKHAMPTON 4.9% DOWN 3.3% DOWN*MACKAY 4.8% STEADY 4.8% DOWN*TOWNSVILLE CITY 5.0% STEADY 5.6% UPCAIRNS 4.9% STEADY 6.9% DOWN*

SEE PAGE 38 FOR FULL RENTAL MARKET STATISTICS BY LOCAL GOVERNMENT AREA

REIQ RESEARCH EXPLANATORY NOTESSALES DATA

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

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

Sales data for the new deamalgamated local government areas is not yet available.

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

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

N/ADue to insufficient sales numbers (as at the time of data

extraction) no median sale price has been calculated

(LGA) Local Government Area

Brisbane (SD)

Brisbane Statistical Division which comprises the LGA’s

of Brisbane City, Ipswich City, Logan City, Moreton Bay

Regional and Redland City

^Indicates acreage sales only (with land size greater than

2400m2). All other data is based upon sales with a land

size of less than 2400 m2

~Median price changes influenced by varying quality of

stock sold

*Median price changes influenced by varying quantities

of new properties sold

fMedian price changes influenced by varying quantities

of waterfront properties sold

tMedians affected by varying quantities of townhouses

sold

GSales volumes and median affected by QLD government

sales in the area eg ULDA, NRAS sales.

Y Median affected by high yielding property sales

1

Median price changes influenced by the varying

volumes of sales between the Mainland and Bay Islands

areas

PRICE POINT GRAPHS

All data contained within these graphs represent preliminary sales numbers available as at five weeks after the end of each quarterly period and are subject to revision as additional sales records become available.

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

The intention of these graphs is to gauge trends in sales activity between periods in lieu of actual final sales results (see Research Methodology).Source: REIQ, data obtained from RPData (www.rpdata.com.au). Enquiries about the reproduction of part or all of the information should be directed to the Corporate Affairs Division, REIQ.

RENTAL DATA

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

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

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

LListed localities (or suburbs) represent one of potentially several that fall within that postcode.

N.A.Due to insufficient new bond lodgements, no median rental price has been calculated

Source: Residential Tenancies Authority, Rental Bond lodgements (www.rta.qld.gov.au)

GROSS RENTAL YIELDS

House yields are based upon REIQ median house prices and RTA weighted median weekly rent for houses.

Unit yields are based upon REIQ median unit & townhouse prices and RTA weighted median weekly rent for units and townhouses.

VACANCY RATES

All figures are based upon all residential rentals as at the end of each quarterly period, as submitted by REIQ accredited agents.

A vacancy rate of 3 per cent is generally considered to indicate equilibrium of supply and demand within a rental market.

N/ADue to insufficient information received no vacancy rate

has been calculated

Source: REIQ Residential Rental Survey

5 MARCH QUARTER 2014

ON THE MARKET INDICATORS

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

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

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

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

Source: RP Data (www.rpdata.com.au)

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

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

http://www.rpdata.com.au

HO

USE PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

146

787

1529

171112

722

1401

164

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

BRISBANE CITY HOUSE SALES (p)

DEC 13 MAR 14

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

908 939

362

14

973 972

409

18

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

BRISBANE SURROUNDS HOUSE SALES (p) DEC 13 MAR 14

INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND


115

517

418

6570

480 490

77

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

GOLD COAST HOUSE SALES (p)

DEC 13 MAR 14


101

394

278

3381

437

311

31

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

SUNSHINE COAST HOUSE SALES (p)

DEC 13 MAR 14


146

42

10

156

217

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

BUNDABERG HOUSE SALES (p) DEC 13 MAR 14


186155

49

143170

58

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

CAIRNS HOUSE SALES (p) DEC 13 MAR 14


172

368

159

48

11

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

FRASER COAST HOUSE SALES (p) DEC 13 MAR 14


21

73

2721

51

24

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

GLADSTONE HOUSE SALES (p) DEC 13 MAR 14


192 187

48

187 184

56

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

TOWNSVILLE HOUSE SALES (p) DEC 13 MAR 14


53

118

4253

114

40

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

MACKAY HOUSE SALES (p) DEC 13 MAR 14


178

80

30

144

78

30

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

ROCKHAMPTON HOUSE SALES (p) DEC 13 MAR 14


297

155

43

288

163

39

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

TOOWOOMBA HOUSE SALES (p) DEC 13 MAR 14


HO

USE PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

47

294

560

314

44

330

651

371

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

BRISBANE CITY UNIT SALES (p) DEC 13 MAR 14


132 132

7936

182207

99

43

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

BRISBANE SURROUNDS UNIT SALES (p)

DEC 13 MAR 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND


204

380

292

192235

447391

241

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

GOLD COAST UNIT SALES (p) DEC 13 MAR 14


74

187

132

7979

181164

109

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

SUNSHINE COAST UNIT SALES (p) DEC 13 MAR 14


17

9

2

18

9

0

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

BUNDABERG UNIT SALES (p) DEC 13 MAR 14


142

3113

135

55

15

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

CAIRNS UNIT SALES (p) DEC 13 MAR 14


18

10

1

18

9 10

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

FRASER COAST UNIT SALES (p) DEC 13 MAR 14


23 3

5 5

7

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

GLADSTONE UNIT SALES (p) DEC 13 MAR 14


3327 25

42

32

15

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

TOWNSVILLE UNIT SALES (p) DEC 13 MAR 14


89

6

9

6

9

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

MACKAY UNIT SALES (p) DEC 13 MAR 14


12 12 11

7

11

17

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

ROCKHAMPTON UNIT SALES (p) DEC 13 MAR 14


37 34

7

4236

14

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

TOOWOOMBA UNIT SALES (p) DEC 13 MAR 14


LAN

D PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

16

32 28

1013

59

38

9

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

BRISBANE CITY LAND SALES (p) DEC 13 MAR 14


220

4914 7

243

5321 5

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

BRISBANE SURROUNDS LAND SALES (p) DEC 13 MAR 14

Includes IPSWICH, LOGAN, MORETON BAY & REDLAND


45

24

3 6

64

26

5 6

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

GOLD COAST LAND SALES (p) DEC 13 MAR 14


40

2112

4

50

2015

10

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

SUNSHINE COAST LAND SALES (p) DEC 13 MAR 14


25

0 0

30

1 1

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

BUNDABERG LAND SALES (p) DEC 13 MAR 14


57

4 3

62

81

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

CAIRNS LAND SALES (p) DEC 13 MAR 14


41

3 0

42

1 2

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

FRASER COAST LAND SALES (p) DEC 13 MAR 14


25

2 2

14

1 0

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

GLADSTONE LAND SALES (p) DEC 13 MAR 14


14

7

0

25

7

1

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

MACKAY LAND SALES (p) DEC 13 MAR 14


40

3 0

29

1 0

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

ROCKHAMPTON LAND SALES (p) DEC 13 MAR 14


25

2 2

36

70

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

TOOWOOMBA LAND SALES (p) DEC 13 MAR 14


40

2 4

44

4 1

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

TOWNSVILLE LAND SALES (p)

DEC 13 MAR 14


BRISBANE CITYThe Brisbane residential property market recorded mixed results over the March quarter, with house sales activity down 7 per cent and a steady median house price, while unit sales activity was strong, up 13 per cent and increase of 1.7 per cent in the median sale price.

With growing confidence in the property market, more vendors who had been holding off in anticipation of better market conditions are now bringing their properties onto the market. As a result, the total number of listings for the 12 month period for both houses and units were up 1.6 per cent compared to a year ago.

HOUSE MARKET

Despite a slowdown in activity for the quarter, preliminary sales numbers for the year ending March were up 13 per cent compared to the previous year.

Top performing suburbs were typically middle-to-outer ring suburbs with sales activity up the highest for the suburbs of Kedron, Wynnum West, Carseldine and Mitchelton.

According to local agents on Brisbane’s northside, the benefits of improved infrastructure projects were starting to flow onto local property prices.

Across Brisbane, median house price growth was most prevalent in the middle-to-upper priced suburbs, evidence that confidence in the local property market remains strong. Suburbs from various parts of the city recorded solid annual growth including Northgate, Hawthorne, Macgregor and St Lucia, all with medians in excess of $500,000.

Sales activity for the quarter eased across all price points, however the $1 million dollar plus sector remained the steadiest, with 164 preliminary sales recorded compared to 171 during the December quarter. The $500,000-plus price bracket remains the most popular recording 1,401 preliminary house sales during the period.

Average days on market for the capital city were also markedly improved on a year ago, sitting at 65 days for house sales.

UNIT AND TOWNHOUSE MARKET

Unlike the house market which saw an easing of activity, the unit and townhouse market recorded a surge in activity with strong interest in the new apartment sector.

With multiple new unit developments coming onto the market, it was no surprise to see the Brisbane local government area record the highest number of sales in the $500,000 to $1 million price range, with 371 settled unit sales recorded, 58 per cent of which were located within inner Brisbane suburbs.

Over the March quarter the Brisbane CBD, New Farm and Fortitude Valley recorded the highest number of unit sales. Compared to the December quarter however, it was the city’s middle-to-outer suburbs, such as Everton Park and Carina that recorded the highest increase in activity.

RENTAL MARKET

In Brisbane, the overall vacancy rate for the metropolitan area was back down to 2.3 per cent, as seen at the end of September last year. Excluding the spike recorded in December, the Brisbane vacancy rate has been around the 2 to 2.3 per cent mark for over 12 months now.

As expected, the Brisbane inner city rental market returned to a healthier vacancy rate following a spike in December. This however has reportedly largely been a result of easing asking rents to ensure vacancies are refilled quickly and also to compete with the new stock coming onto the market. Local agents are also reporting tenants deciding to move further out where they can achieve a larger property for the same weekly rent.


BRISBANE MARKET UPDATES



JAMBOREE HEIGHTS 8 N/A N/A $421,000 9.1% 1.4%

JINDALEE ~ 21 $457,500 -15.3% $465,000 1.5% 4.5%

KANGAROO POINT ~ 4 N/A N/A $752,250 17.5% 15.7%

KARANA DOWNS 9 N/A N/A $392,500 1.9% 6.1%

KARANA DOWNS ^ 4 N/A N/A $445,000 -2.2% 0.0%

KEDRON 55 $595,000 -2.7% $580,000 12.6% 19.6%

KELVIN GROVE 9 N/A N/A $657,500 3.5% 6.8%

KENMORE 30 $590,000 -1.7% $570,000 9.4% 15.9%

KEPERRA 22 $450,000 6.1% $418,500 2.1% 5.9%

KURABY 16 $555,000 -5.9% $562,500 5.6% 15.6%

LOTA 7 N/A N/A $547,500 14.9% 23.7%

MACGREGOR 12 $607,300 5.1% $596,000 15.1% 24.2%

MACKENZIE 8 N/A N/A $645,000 5.7% N/A

MANLY 14 $692,500 9.4% $633,000 1.3% 11.6%

MANLY WEST 26 $515,000 10.8% $480,000 2.3% 2.5%

MANSFIELD 27 $565,000 0.4% $520,000 9.5% 19.4%

MCDOWALL ~ 18 $615,000 15.9% $557,000 3.1% 14.2%

MIDDLE PARK 6 N/A N/A $511,000 4.5% 4.4%

MITCHELTON ~ 30 $554,000 15.5% $535,000 5.9% 18.9%

MOGGILL 8 N/A N/A $503,000 3.7% 7.0%

MOOROOKA 27 $530,000 0.1% $515,000 3.4% 14.4%

MORNINGSIDE 28 $670,000 8.0% $618,500 7.8% 21.3%

MOUNT CROSBY ^ 6 N/A N/A $540,000 8.9% 8.0%

MOUNT GRAVATT ~ 11 $600,000 -5.5% $557,500 17.7% 20.9%

MOUNT GRAVATT EAST 37 $571,000 6.7% $515,000 10.2% 17.8%

MURARRIE 12 $504,500 0.6% $475,050 -3.1% 0.0%

NEW FARM ~ 14 $1,105,000 -7.3% $1,180,500 20.9% 32.6%

NEWMARKET 4 N/A N/A $690,000 3.8% 13.6%

NORMAN PARK ~ 18 $713,750 -16.0% $684,250 3.7% 6.9%

NORTHGATE 13 $551,000 4.0% $550,000 14.0% 12.5%

NUDGEE 10 $492,500 N/A $485,000 -5.1% 7.1%

NUNDAH 13 $610,500 -2.0% $616,000 3.9% 22.0%

OXLEY 18 $445,000 1.1% $455,000 4.6% 9.2%

PADDINGTON ~ 19 $990,000 7.8% $888,500 17.0% 26.9%

PARKINSON 38 $550,000 -2.7% $539,250 6.8% 16.0%

PULLENVALE ^ ~ 9 N/A N/A $927,500 1.4% -12.9%

RED HILL 14 $710,000 -5.6% $708,750 9.5% 11.6%

RIVERHILLS 8 N/A N/A $424,000 1.2% 7.3%

ROBERTSON 12 $784,000 N/A $717,500 7.9% 13.9%

ROCHEDALE 10 $800,000 N/A $682,660 N/A N/A

ROCKLEA 8 N/A N/A $322,500 8.6% -5.3%

RUNCORN 35 $482,500 7.8% $448,000 3.7% 12.0%

SALISBURY 20 $485,000 -2.9% $465,000 8.1% 13.4%

SANDGATE ~ 16 $620,000 11.9% $528,000 0.1% 11.2%

SEVEN HILLS 8 N/A N/A $619,500 6.7% 16.1%

SEVENTEEN MILE ROCKS ~ 11 $631,250 -3.8% $590,750 21.9% 25.7%

SHERWOOD 11 $632,000 4.5% $727,500 10.2% 11.9%

SHORNCLIFFE ~ 2 N/A N/A $735,000 23.1% 20.5%

SINNAMON PARK 12 $607,500 1.9% $575,000 2.4% 0.0%

ST LUCIA 7 N/A N/A $961,250 15.1% 20.9%

STAFFORD 24 $500,000 -3.1% $485,000 7.8% 7.8%

STAFFORD HEIGHTS 27 $496,000 -4.2% $496,000 12.7% 15.3%

STRETTON 14 $851,000 9.9% $660,000 0.8% 7.8%

SUNNYBANK 28 $612,500 4.3% $582,000 9.8% 16.4%

SUNNYBANK HILLS 43 $555,000 -3.6% $533,500 10.2% 25.5%

TAIGUM 14 $464,000 8.9% $425,000 -1.3% 3.7%

TARINGA 6 N/A N/A $750,000 0.1% 1.8%

TARRAGINDI 30 $575,500 -6.2% $575,000 4.7% 15.0%

THE GAP 56 $570,000 1.8% $570,000 6.5% 11.8%

TINGALPA 17 $439,000 -2.4% $440,500 2.1% 6.4%

TOOWONG 22 $683,750 -2.3% $706,000 8.6% -2.6%

UPPER KEDRON 11 $550,500 N/A $542,500 1.4% 8.5%

UPPER MOUNT GRAVATT 31 $519,000 3.8% $500,550 11.2% 17.8%

VIRGINIA 6 N/A N/A $450,000 4.7% 9.4%

WAKERLEY ~ 30 $715,500 11.1% $664,000 8.9% 16.1%

WAVELL HEIGHTS 39 $536,000 8.3% $540,000 8.0% 16.1%

WEST END ~ 1 N/A N/A $910,000 18.2% 22.1%

WESTLAKE 16 $670,000 8.1% $627,500 12.8% 18.4%

WILSTON ~ 13 $912,500 23.7% $788,500 -10.9% 12.5%

BRISBANE CITY (LGA) 2678 $560,000 -0.4% $547,500 5.9% 14.8%

BRISBANE CITY (LGA) ^ ~ 66 $787,500 -9.8% $875,000 -5.4% -2.8%

ACACIA RIDGE 24 $323,000 3.2% $315,000 6.8% 0.6%

ALBION 5 N/A N/A $674,500 N/A N/A

ALDERLEY 13 $657,500 6.0% $650,000 3.5% 12.9%

ALGESTER 23 $430,500 8.5% $420,000 4.5% 9.1%

ANNERLEY 19 $685,000 11.9% $597,500 14.7% 10.6%

ASCOT 8 N/A N/A $1,127,500 15.6% -5.8%

ASHGROVE 29 $785,000 2.6% $782,000 15.1% 24.1%

ASPLEY 39 $499,000 3.2% $487,750 0.8% 12.7%

AUCHENFLOWER 17 $787,500 0.3% $819,000 -3.4% 12.2%

BALD HILLS 26 $388,750 2.3% $372,500 4.9% 1.2%

BALMORAL 10 $910,000 9.6% $853,000 9.0% 18.2%

BANYO 15 $427,500 0.0% $425,000 6.6% 10.4%

BARDON ~ 38 $828,000 18.3% $734,000 -2.1% 3.6%

BELLBOWRIE 11 $484,000 N/A $450,000 9.1% 1.1%

BELMONT 7 N/A N/A $548,000 4.4% -1.5%

BOONDALL 26 $428,000 3.1% $418,000 5.6% 2.2%

BRACKEN RIDGE 46 $410,000 -3.0% $415,000 2.6% 5.1%

BRIDGEMAN DOWNS 18 $730,000 9.4% $670,000 4.7% 11.7%

BRIGHTON 32 $425,000 2.3% $410,000 2.5% 4.9%

BULIMBA ~ 16 $1,260,000 25.7% $980,000 7.7% 15.3%

BURBANK ^ 4 N/A N/A $1,018,500 N/A N/A

CALAMVALE 39 $530,000 -1.7% $531,000 6.0% 11.8%

CAMP HILL ~ 34 $675,000 -8.8% $685,000 12.3% 19.1%

CANNON HILL 18 $635,000 0.0% $595,000 8.2% 23.7%

CARINA ~ 26 $520,000 -7.2% $520,000 6.8% 14.7%

CARINA HEIGHTS ~ 10 $706,000 35.2% $575,750 14.6% 25.2%

CARINDALE 32 $665,000 -1.5% $685,000 5.4% 8.7%

CARSELDINE 32 $520,000 4.0% $520,000 2.0% 5.1%

CHANDLER ^ 1 N/A N/A $1,255,000 4.6% N/A

CHAPEL HILL 25 $698,500 -1.6% $648,000 7.1% 9.1%

CHELMER ~ 10 $650,000 -20.5% $800,000 -10.7% 13.5%

CHERMSIDE 11 $485,064 5.6% $485,000 5.4% 11.2%

CHERMSIDE WEST 14 $440,000 -6.4% $444,250 3.3% 3.3%

CLAYFIELD 19 $907,000 9.9% $812,500 1.6% -3.8%

COOPERS PLAINS 8 N/A N/A $465,000 13.1% 16.7%

COORPAROO 34 $705,000 1.1% $677,000 13.0% 17.0%

CORINDA ~ 10 $467,000 -28.7% $550,000 4.0% -1.8%

DARRA 7 N/A N/A $320,000 1.3% -4.2%

DEAGON 12 $382,000 N/A $370,000 -1.7% 5.7%

DOOLANDELLA 12 $405,000 N/A $411,000 14.3% 15.1%

DREWVALE 13 $462,000 10.7% $455,000 -2.3% 4.6%

DURACK 16 $358,650 -4.2% $340,000 5.4% 2.1%

EAST BRISBANE 6 N/A N/A $663,500 3.7% 8.4%

EIGHT MILE PLAINS 27 $651,000 6.9% $629,000 12.3% 22.7%

ENOGGERA 15 $580,000 6.7% $558,500 0.2% 7.4%

EVERTON PARK 23 $516,000 3.2% $501,000 9.5% 13.6%

FAIRFIELD 3 N/A N/A $555,000 6.7% -5.9%

FERNY GROVE ~ 13 $555,000 2.3% $540,000 16.1% 17.4%

FIG TREE POCKET ~ 12 $875,000 33.6% $800,000 7.7% 16.8%

FITZGIBBON 9 N/A N/A $398,500 6.3% -4.2%

FOREST LAKE 96 $401,500 2.7% $387,500 3.3% 4.3%

GAYTHORNE 5 N/A N/A $545,000 1.2% 1.3%

GEEBUNG 17 $491,000 9.8% $435,000 9.0% 7.9%

GORDON PARK 9 N/A N/A $647,000 8.3% 11.6%

GRACEVILLE 13 $650,000 7.4% $719,000 5.7% 19.8%

GRANGE 18 $735,000 4.3% $679,000 1.3% 11.6%

GREENSLOPES 16 $640,000 4.5% $590,000 2.2% 11.8%

HAMILTON ~ 7 N/A N/A $1,192,000 -14.9% -0.7%

HAWTHORNE ~ 13 $987,500 30.8% $955,000 24.0% 34.0%

HEATHWOOD 8 N/A N/A $568,500 N/A 10.4%

HEMMANT 13 $353,500 -0.4% $382,500 -0.8% -2.9%

HENDRA 19 $750,000 10.3% $760,000 7.0% 13.4%

HIGHGATE HILL 6 N/A N/A $800,000 8.1% 5.2%

HOLLAND PARK 25 $585,000 4.5% $555,000 7.6% 8.8%

HOLLAND PARK WEST 24 $545,000 -3.6% $557,000 2.9% 9.2%

INALA 14 $285,000 1.4% $281,500 2.4% -2.9%

INDOOROOPILLY ~ 20 $620,000 -25.7% $720,000 5.1% 12.9%

SALES MARKET - HOUSES (CONT’D)

SUBURBNUMBER OF SALES

MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE

SALES MARKET - HOUSES


MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE

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



WINDSOR 20 $700,000 6.1% $692,500 7.8% 8.2%

WISHART ~ 28 $622,500 17.7% $548,000 6.0% 13.0%

WOOLLOONGABBA ~ 10 $621,500 -17.1% $600,500 -1.7% -7.6%

WOOLOOWIN ~ 14 $785,000 -1.3% $785,000 18.9% 28.7%

WYNNUM 37 $510,000 9.8% $510,000 2.2% 7.4%

WYNNUM WEST ~ 44 $466,750 11.1% $448,750 6.2% 2.0%

YERONGA 8 N/A N/A $647,500 5.3% -10.1%

ZILLMERE 24 $412,000 10.5% $381,500 6.6% 5.7%



MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE

SALES MARKET - UNITS & TOWNHOUSES (CONT’D)


MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE

BRISBANE CITY (LGA) 1523 $415,000 1.7% $410,000 1.8% 7.9%

ALBION 8 N/A N/A $422,053 -21.5% 14.8%

ALDERLEY 8 N/A N/A $437,500 12.0% 19.8%

ALGESTER 5 N/A N/A $299,500 2.9% -3.4%

ANNERLEY ~ t 23 $496,500 36.0% $398,000 9.0% 15.1%

ASCOT 17 $420,000 9.2% $389,750 -0.1% -0.6%

ASHGROVE 13 $470,000 N/A $420,500 2.6% 14.3%

ASPLEY 7 N/A N/A $371,000 9.1% 8.5%

AUCHENFLOWER 11 $461,000 -1.4% $481,500 7.0% 12.9%

BALMORAL 7 N/A N/A $487,500 -6.7% 16.8%

BARDON 5 N/A N/A $530,000 -2.8% N/A

BOONDALL 1 N/A N/A $385,000 N/A N/A

BOWEN HILLS 12 $441,250 -2.5% $416,750 2.6% -1.7%

BRIDGEMAN DOWNS 4 N/A N/A $294,500 N/A N/A

BRIGHTON 5 N/A N/A $405,000 N/A N/A

BRISBANE CITY 116 $510,000 9.7% $485,000 6.6% 9.0%

BULIMBA ~ f 17 $495,000 -19.1% $575,000 1.8% 30.1%

CALAMVALE 13 $330,000 N/A $360,900 -2.3% 2.5%

CAMP HILL 3 N/A N/A $428,000 -9.9% 16.2%

CARINA 32 $415,000 -1.2% $425,000 10.4% 13.6%

CARINA HEIGHTS 21 $449,000 9.0% $435,000 1.9% 1.2%

CARINDALE 6 N/A N/A $400,500 -2.3% -20.5%

CARSELDINE 8 N/A N/A $367,000 -4.9% 6.4%

CHERMSIDE 27 $412,500 10.0% $405,000 9.8% 1.3%

CLAYFIELD 37 $390,000 0.6% $380,000 7.0% 9.5%

COOPERS PLAINS 3 N/A N/A $418,319 2.2% N/A

COORPAROO 39 $396,500 6.3% $382,500 4.1% 9.6%

CORINDA 5 N/A N/A $365,000 -2.4% 2.5%

DOOLANDELLA 9 N/A N/A $348,500 -0.3% N/A

DURACK 4 N/A N/A $350,000 -0.6% N/A

EAST BRISBANE 10 $380,000 N/A $406,250 -3.3% 9.8%

EIGHT MILE PLAINS 15 $402,500 4.5% $371,250 -2.0% 6.1%

ELLEN GROVE 2 N/A N/A $346,000 N/A N/A

ENOGGERA 10 $416,250 N/A $415,000 3.8% 3.9%

EVERTON PARK 30 $384,500 6.7% $380,000 -10.6% 10.1%

FAIRFIELD 9 N/A N/A $342,500 -20.2% -9.9%

FORTITUDE VALLEY 42 $427,000 3.5% $418,000 2.0% 11.5%

GAYTHORNE 10 $410,000 N/A $410,000 6.1% 20.6%

GORDON PARK 9 N/A N/A $376,000 11.7% 12.2%

GREENSLOPES 18 $372,500 4.8% $365,000 14.2% 2.8%

HAMILTON 26 $507,500 -3.3% $505,000 0.4% 18.8%

HAWTHORNE 12 $427,500 N/A $475,000 -1.0% 13.4%

HENDRA 5 N/A N/A $495,000 N/A N/A

HIGHGATE HILL ~ 11 $610,000 6.5% $549,000 22.0% 23.4%

HOLLAND PARK WEST 5 N/A N/A $366,000 N/A 4.6%

INDOOROOPILLY ~ t 24 $470,000 14.6% $424,750 -0.1% 3.0%

KANGAROO POINT ~ f 36 $455,000 -9.5% $508,000 6.6% 20.2%

KEDRON ~ 20 $340,000 -7.5% $347,250 6.5% 8.2%

KELVIN GROVE ~ 26 $453,000 -9.4% $490,000 0.0% 16.7%

KURABY 7 N/A N/A $294,500 4.2% -2.8%

LUTWYCHE 10 $380,000 N/A $396,250 -11.9% 20.0%

MANLY WEST 7 N/A N/A $342,500 -14.4% -12.5%

MCDOWALL 6 N/A N/A $399,000 N/A 5.0%

MILTON 8 N/A N/A $412,000 -16.8% 0.5%

MITCHELTON 1 N/A N/A $334,000 N/A -12.6%

MOOROOKA 10 $342,500 -6.2% $372,000 -0.3% 11.2%

MORNINGSIDE ~ t 37 $464,500 12.6% $451,250 6.2% 7.6%

MOUNT GRAVATT EAST 13 $397,000 N/A $414,250 9.0% 18.4%

MURARRIE 3 N/A N/A $568,500 -7.9% 15.5%

NEW FARM 51 $586,000 8.3% $530,000 9.3% 17.8%

NEWMARKET 7 N/A N/A $444,000 12.8% 11.0%

NEWSTEAD 11 $749,000 -1.4% $765,000 15.0% -15.5%

NORMAN PARK 4 N/A N/A $460,000 -0.1% -6.1%

NORTHGATE 7 N/A N/A $349,500 -16.8% -6.2%

NUNDAH 39 $406,500 -0.9% $415,000 10.7% 9.2%

PADDINGTON ~ 14 $358,000 -15.1% $464,500 -7.1% 7.7%

RED HILL 6 N/A N/A $400,000 N/A 3.2%

RICHLANDS 8 N/A N/A $336,000 0.3% N/A

ROCHEDALE 3 N/A N/A $380,000 -1.9% N/A

RUNCORN 18 $324,000 2.9% $330,000 -3.4% 3.9%

SHERWOOD 11 $450,000 N/A $438,250 6.9% 10.4%

SOUTH BRISBANE 22 $487,000 0.4% $475,000 5.0% 18.8%

SPRING HILL ~ 32 $310,250 -18.7% $362,000 -3.7% -4.7%

ST LUCIA 24 $478,500 6.6% $490,000 2.7% 11.4%

STAFFORD 11 $380,500 N/A $395,000 -1.3% 21.5%

SUNNYBANK HILLS 10 $340,500 N/A $320,000 -11.4% -1.5%

TAIGUM ~ t 10 $340,250 17.3% $315,000 6.8% -3.8%

TARINGA 38 $395,000 1.7% $401,500 -2.1% 5.7%

TENERIFFE 32 $650,000 6.6% $592,500 4.9% 13.9%

TENNYSON 4 N/A N/A $920,000 15.7% N/A

THE GAP 5 N/A N/A $449,000 N/A 6.5%

TINGALPA 12 $326,400 N/A $326,400 -0.3% 2.0%

TOOWONG 38 $455,000 9.6% $433,000 2.6% 8.3%

UPPER MOUNT GRAVATT 4 N/A N/A $358,500 -0.4% -10.4%

WAKERLEY 4 N/A N/A $432,400 3.0% 8.1%

WAVELL HEIGHTS 8 N/A N/A $370,000 N/A -10.8%

WEST END ~ f 23 $475,000 -7.8% $511,000 -1.9% -11.9%

WINDSOR ~ 13 $412,500 -13.2% $450,000 18.4% 32.2%

WISHART 5 N/A N/A $360,000 5.9% 4.0%

WOOLLOONGABBA 6 N/A N/A $400,000 -7.0% -8.0%

WOOLOOWIN 6 N/A N/A $370,000 9.6% 13.8%

WYNNUM 6 N/A N/A $365,000 -2.1% 2.8%

WYNNUM WEST * t 5 N/A N/A $373,500 38.3% 20.5%

YERONGA 13 $375,000 3.2% $405,500 -1.1% 5.5%

ZILLMERE * 25 $352,500 33.8% $351,750 -3.6% 7.7%

SALES MARKET - UNITS & TOWNHOUSES

http://agents.directconnect.com.au



4115 ALGESTER $410 17 $360 26

4116 CALAMVALE $415 17 $385 19

SOUTH EAST - INNER $460 314 $450 327

4151 COORPAROO $455 55 $440 43

4152 CAMP HILL $460 102 $450 106

4170 CANNON HILL $480 94 $435 100

4171 BALMORAL $560 43 $540 56

4172 MURARRIE $430 20 $430 22

SOUTH EAST - OUTER $400 47 $400 43

4154 GUMDALE $430 8 N.A. 4

4173 TINGALPA $400 25 $400 27

4174 HEMANT $400 8 $350 5

SOUTH WEST - INNER $450 169 $440 144

4068 CHELMER $480 79 $470 87

4075 CORINDA $430 90 $390 57

SOUTH WEST - OUTER $360 364 $360 383

4069 BROOKFIELD $445 50 $450 61

4070 ANSTEAD $385 10 $385 15

4073 SEVENTEEN MILE ROCKS $400 21 $390 21

4074 JINDALEE $400 67 $385 82

4076 DARRA $330 26 $330 32

4077 DOOLANDELLA $320 87 $310 59

4078 FOREST LAKE $355 103 $350 113

BRISBANE CITY $420 3234 $410 3365

BAYSIDE $400 139 $395 128

4178 WYNNUM $400 92 $395 87

4179 MANLY $415 47 $400 41

CITY INNER $530 334 $525 365

4000 BRISBANE CITY $580 31 $580 31

4005 NEW FARM $795 18 $650 16

4006 BOWEN HILLS $500 20 $475 13

4064 PADDINGTON $550 63 $560 78

4066 TOOWONG $490 68 $490 59

4067 ST LUCIA $500 32 $470 34

4101 WEST END $580 35 $550 34

4102 WOOLOONGABBA $485 21 $450 36

4169 EAST BRISBANE $510 46 $500 64

NORTH - INNER $470 382 $450 359

4007 ASCOT $500 22 $550 22

4010 ALBION $470 6 $450 13

4011 CLAYFIELD $500 43 $580 39

4012 NUNDAH $420 68 $400 65

4030 LUTWYCHE $485 61 $480 63

4031 GORDON PARK $420 53 $430 53

4051 ALDERLEY $470 127 $445 97

NORTH - OUTER $390 393 $380 438

4013 NORTHGATE $385 18 $400 19

4014 VIRGINIA $390 45 $390 47

4017 BRACKEN RIDGE $400 107 $370 107

4018 FITZGIBBON $390 30 $390 41

4032 CHERMSIDE $400 58 $395 57

4034 ASPLEY $390 113 $380 141

4036 BALD HILLS $365 22 $355 26

NORTH WEST - INNER $520 131 $530 174

4059 KELVIN GROVE $530 58 $550 90

4060 ASHGROVE $490 35 $470 42

4065 BARDON $500 38 $520 42

NORTH WEST - OUTER $420 277 $410 265

4053 STAFFORD $420 177 $410 175

4054 ARANA HILLS $410 59 $410 59

4061 THE GAP $425 41 $440 31

SOUTH - INNER $420 384 $420 409

4103 ANNERLEY $450 60 $450 70

4104 YERONGA $450 20 $450 18

4105 MOOROOKA $405 52 $410 44

4120 GREENSLOPES $450 20 $440 28

4121 HOLLAND PARK $430 92 $425 97

4122 MANSFIELD $405 136 $390 147

SOUTH - OUTER $380 300 $370 330

4106 ROCKLEA $380 17 $370 15

4107 SALISBURY $370 15 $390 32

4108 COOPERS PLAINS $375 23 $370 37

4109 MACGREGOR $390 81 $375 90

4110 ACACIA RIDGE $345 54 $340 47

4112 KURABY $360 11 $385 9

4113 EIGHT MILE PLAINS $380 65 $380 55

BRISBANE CITY (LGA) 119 $320,000 -4.3% $295,000 0.0% 7.3%

BRISBANE CITY (LGA) ^ ~ 3 N/A N/A $690,000 -8.0% 38.0%

BRIDGEMAN DOWNS 2 N/A N/A $369,000 5.4% 16.8%

BRIGHTON 4 N/A N/A $280,000 N/A N/A

CARSELDINE * 6 N/A N/A $368,750 22.9% 40.5%

DOOLANDELLA 3 N/A N/A $246,000 6.0% 8.4%

FITZGIBBON * G 9 N/A N/A $140,000 -25.1% N/A

HEATHWOOD 7 N/A N/A $265,000 N/A 8.4%

MOGGILL * 15 $270,000 N/A $265,000 8.2% 10.4%

OXLEY * 4 N/A N/A $285,000 N/A N/A

ROCHEDALE * 4 N/A N/A $397,000 16.8% N/A

UPPER KEDRON 2 N/A N/A $295,000 N/A 10.9%

BRISBANE CITY $400 5408 $395 5302

BAYSIDE $335 46 $320 62

4178 WYNNUM $350 36 $325 46

4179 MANLY $270 10 $295 16

CITY INNER $480 2284 $470 2188

4000 BRISBANE CITY $580 399 $590 309

4005 NEW FARM $500 299 $510 283

4006 BOWEN HILLS $490 284 $500 290

4064 PADDINGTON $410 82 $400 76

4066 TOOWONG $400 281 $400 329

4067 ST LUCIA $440 295 $420 274

4101 WEST END $510 340 $485 346

4102 WOOLOONGABBA $460 85 $430 75

4169 EAST BRISBANE $470 218 $460 203

NORTH - INNER $360 1027 $360 942

4007 ASCOT $420 175 $430 157

4010 ALBION $385 27 $410 33

4011 CLAYFIELD $360 173 $350 170

4012 NUNDAH $370 200 $365 177

4030 LUTWYCHE $350 166 $335 150

4031 GORDON PARK $340 84 $330 101

4051 ALDERLEY $350 202 $360 153

NORTH - OUTER $350 266 $350 262

4013 NORTHGATE $295 28 $270 19

4017 BRACKEN RIDGE $295 18 $330 23

4018 FITZGIBBON $315 13 $340 16

4032 CHERMSIDE $360 111 $385 121

4034 ASPLEY $360 92 $350 78

NORTH WEST - INNER $435 224 $420 264

4059 KELVIN GROVE $480 163 $440 202

4060 ASHGROVE $380 48 $395 47

4065 BARDON $310 13 $340 15

NORTH WEST - OUTER $380 97 $380 119

4053 STAFFORD $380 95 $380 115

SOUTH - INNER $360 504 $350 504

4103 ANNERLEY $350 134 $340 121

4104 YERONGA $350 45 $350 36

4105 MOOROOKA $350 61 $330 84

4111 NATHAN $300 7 $250 6

4120 GREENSLOPES $360 122 $360 127

4121 HOLLAND PARK $345 39 $340 40

4122 MANSFIELD $385 96 $390 90

SOUTH - OUTER $325 65 $320 77

4106 ROCKLEA $299 7 N.A. 3

4108 COOPERS PLAINS $182 9 $255 8

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

POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS

RENTAL MARKET - 3 BED HOUSESMAR-14 MAR-13


SALES MARKET - VACANT URBAN LAND


MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE

RENTAL MARKET - 2 BED UNITS

it was no surprise to see the Brisbane local government area record the highest number of sales in the $500,000 to $1 million price range



BRISBANE CITY $410 1859 $410 1824

BAYSIDE $395 77 $395 64

4178 WYNNUM $400 36 $390 36

4179 MANLY $395 41 $410 28

CITY INNER $570 90 $560 111

4000 BRISBANE CITY $550 8 N.A. 3

4006 BOWEN HILLS $520 13 $500 16

4064 PADDINGTON $600 10 $610 16

4066 TOOWONG $520 14 $560 19

4067 ST LUCIA $570 22 $530 33

4101 WEST END $660 10 $650 10

4169 EAST BRISBANE $570 8 $580 9

NORTH - INNER $490 139 $470 142

4007 ASCOT $580 14 $495 8

4011 CLAYFIELD $520 14 $550 19

4012 NUNDAH $450 20 $450 24

4030 LUTWYCHE $475 21 $475 10

4031 GORDON PARK $450 18 $460 17

4051 ALDERLEY $490 52 $470 64

NORTH - OUTER $390 195 $370 249

4013 NORTHGATE $410 15 $430 15

4017 BRACKEN RIDGE $365 36 $365 52

4018 FITZGIBBON $360 29 $370 26

4032 CHERMSIDE $430 36 $450 36

4034 ASPLEY $390 68 $390 61

4036 BALD HILLS $360 10 $284 59

NORTH WEST - INNER $500 29 $510 21

4059 KELVIN GROVE $500 18 $500 14

4060 ASHGROVE $490 7 N.A. 3

NORTH WEST - OUTER $420 49 $420 56

4053 STAFFORD $420 38 $420 49

4054 ARANA HILLS $385 10 N.A. 4

SOUTH - INNER $450 179 $440 168

4103 ANNERLEY $500 38 $470 30

4104 YERONGA $470 23 $465 22

4105 MOOROOKA $450 25 $440 19

4120 GREENSLOPES $510 25 $490 14

4121 HOLLAND PARK $450 5 $450 16

4122 MANSFIELD $420 62 $410 66

SOUTH - OUTER $390 458 $390 410

4107 SALISBURY $485 6 $475 6

4109 MACGREGOR $410 77 $410 71

4110 ACACIA RIDGE $340 56 $345 7

4112 KURABY $375 30 $370 21

4113 EIGHT MILE PLAINS $405 148 $400 165

4115 ALGESTER $385 46 $370 28

4116 CALAMVALE $385 92 $375 107

SOUTH EAST - INNER $480 259 $470 261

4151 COORPAROO $475 24 $500 14

4152 CAMP HILL $451 123 $440 124

4170 CANNON HILL $495 71 $480 88

4171 BALMORAL $610 29 $560 23

4172 MURARRIE $485 12 $495 12

SOUTH EAST - OUTER $410 87 $405 65

4153 BELMONT $435 12 $430 15

4154 GUMDALE $410 49 $410 28

4173 TINGALPA $385 24 $375 19

SOUTH WEST - INNER $475 111 $460 104

4068 CHELMER $525 55 $550 49

4075 CORINDA $410 56 $400 55

SOUTH WEST - OUTER $350 186 $350 173

4073 SEVENTEEN MILE ROCKS $425 9 $395 14

4074 JINDALEE $455 17 $440 26

4077 DOOLANDELLA $345 123 $345 94

4078 FOREST LAKE $360 29 $350 14

4109 MACGREGOR $400 38 $385 46

SOUTH EAST - INNER $375 440 $375 452

4151 COORPAROO $360 185 $360 190

4152 CAMP HILL $360 46 $370 41

4170 CANNON HILL $375 96 $380 127

4171 BALMORAL $425 109 $450 92

SOUTH EAST - OUTER $320 6 N.A. 3

4173 TINGALPA $320 5 N.A. 3

SOUTH WEST - INNER $385 426 $380 406

4068 CHELMER $385 358 $385 354

4075 CORINDA $365 68 $345 52

SOUTH WEST - OUTER $335 23 $325 23

4069 BROOKFIELD $395 5 N.A. 2

4076 DARRA $260 5 N.A. 4

4078 FOREST LAKE $340 12 $330 12

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


RENTAL MARKET - 3 BED TOWNHOUSESMAR-14 MAR-13


GREATER BRISBANE



With the housing market in SEQ well into the recovery phase, the greater Brisbane area continued to post strong sales activity over the March quarter. Both the house and unit markets recorded increases in activity as well as shorter days on market compared to a year ago. Median sale price growth was varied, but largely due to varying segments of the market performing better than others.

HOUSE MARKET

Over the March quarter 2014 the Brisbane Statistical Division recorded a drop of 1.1 per cent in its median house price to $460,000. This was a result of strong sales activity in the affordable outer suburbs.

Ipswich, Redland and Moreton Bay all recorded strong sales activity growth, while Logan also recorded healthy activity.

Median house price growth is still subdued, except for Logan, where sale prices have been trending upwards for three consecutive quarters now. With favourable market conditions making vendors more confident, total listings are up on 12 months ago, most notably in the Logan and Moreton Bay regions.

In Ipswich where buyer demand is reportedly very strong, listing numbers are down 5 per cent compared to a year ago. Despite this, the region still has the highest days on market for the greater Brisbane region as well as the largest average vendor discount at 7.1 per cent.

According to local agents, investor levels remain robust with many favouring houses over units, due to better rental returns. Buyers demand is said to be most prominent for houses priced up to $330,000 and this is reflected in the price point data for the quarter, which saw the sub-$350,000 bracket record the highest increase in preliminary sales numbers.

Top increases in preliminary sales numbers were recorded in Redbank Plains in Ipswich, Logan’s Shailer Park, North Lakes in Moreton Bay and Victoria Point in Redland City. With medians no higher than the mid-$400,000-mark, these suburbs are increasing in popularity given good value sale prices and access to local amenities and major arterial roads.


The unit and townhouse market in the greater Brisbane area is leading the way with sales activity up 18 per cent across the region. Logan City and Moreton Bay local government areas recorded the highest increases in sales volumes, up 50 and 39 per cent respectively over the March quarter.

Over the quarter, sales were up in Caboolture and North Lakes, where some new townhouse developments have proven popular with buyers. Capalaba in Redland City also posted a healthy increase in sales volumes, as did Marsden in Logan City and Goodna in Ipswich.

Average days on market for most of the surrounding council areas have shortened compared to a year ago, with Logan City and Redland City posting the best improvement. Average vendor discounting for units and townhouses has also reduced, with most areas recording an improvement of at least 2.2 per cent.

RENTAL MARKET

As at the end of March, the greater Brisbane area saw the largest decline in its vacancy rate, down to 1.9 per cent at the end of March. Logan City and Redland City recorded the largest drops, both down 0.8 percentage points to 1.2 and 1.6 per cent respectively.

Local agents had reported a slowdown in new residential developments coupled with increased tenant demand. In recent months however, a number of new developments popular with investors have come onto the market, which local agents say will keep a lid on asking rents.

Despite the tight rental conditions, median weekly rents from the RTA have continued to remain relatively steady over the March quarter.



SLACKS CREEK 29 $295,000 8.3% $282,000 4.4% -4.7%

SPRINGWOOD ~ 16 $418,500 -11.4% $416,000 4.0% 4.0%

TANAH MERAH 8 N/A N/A $370,000 -2.2% -2.6%

UNDERWOOD ~ 16 $480,000 12.1% $461,500 3.2% 19.2%

WATERFORD 4 N/A N/A $355,500 5.3% -8.4%

WATERFORD WEST 8 N/A N/A $285,000 1.8% -6.9%

WINDAROO 7 N/A N/A $400,000 N/A 2.6%

WINDAROO + ~ 12 $413,000 -14.0% $438,000 N/A 6.2%

WOODRIDGE ~ 30 $259,000 12.6% $247,500 7.6% -5.3%

YARRABILBA 6 N/A N/A $366,900 N/A N/A

MORETON BAY (LGA) 1077 $382,000 -1.5% $380,000 1.9% 2.7%

MORETON BAY (LGA) ^ ~ 125 $537,000 -5.4% $550,000 2.2% 0.0%

ALBANY CREEK 45 $505,500 -6.5% $505,000 6.8% 7.1%

ARANA HILLS ~ 18 $429,000 -10.6% $439,000 0.6% -0.2%

BANKSIA BEACH ~ f 30 $419,000 -3.1% $435,000 -11.2% -7.6%

BEACHMERE ~ f 12 $305,000 N/A $285,000 -5.0% -16.1%

BELLARA 9 N/A N/A $310,000 0.0% -3.7%

BELLMERE 20 $315,000 -2.3% $315,000 -1.6% -8.7%

BONGAREE ~ 20 $468,000 18.5% $387,500 7.9% 3.3%

BRAY PARK 31 $361,500 -2.3% $350,000 1.4% -0.6%

BURPENGARY ^ 6 N/A N/A $516,120 2.2% -1.7%

BURPENGARY ~ 28 $355,000 10.1% $340,000 1.1% -0.4%

BURPENGARY EAST ^ ~ 14 $520,000 -8.4% $503,650 -1.6% -1.6%

CABOOLTURE 46 $308,000 9.0% $282,750 -0.8% -5.8%

CABOOLTURE ^ 9 N/A N/A $443,500 0.2% -1.4%

CABOOLTURE SOUTH 18 $260,000 -9.6% $260,000 -0.1% -8.8%

CASHMERE 11 $650,000 N/A $602,500 11.6% 14.3%

CASHMERE ^ 2 N/A N/A $636,000 -3.5% -0.5%

CLONTARF 26 $374,000 2.5% $356,000 4.7% 1.7%

DAKABIN 7 N/A N/A $398,750 N/A N/A

DECEPTION BAY 49 $281,000 -4.9% $285,000 1.8% -9.4%

EATONS HILL 22 $547,750 6.9% $525,000 4.6% 4.0%

EATONS HILL ^ 4 N/A N/A $674,000 6.4% 0.1%

ELIMBAH ^ 4 N/A N/A $502,500 1.5% 5.0%

EVERTON HILLS 19 $481,600 3.9% $471,000 5.4% 12.4%

FERNY HILLS 22 $484,000 5.4% $452,000 2.7% 6.7%

GRIFFIN 10 $414,000 N/A $410,000 2.6% 6.4%

HIGHVALE ^ 2 N/A N/A $726,710 -4.4% 3.8%

JOYNER 5 N/A N/A $505,000 4.4% 9.5%

KALLANGUR 79 $343,500 6.8% $330,000 3.1% -2.9%

KIPPA-RING ~ 29 $357,500 -10.6% $355,000 1.4% 1.4%

LAWNTON ~ 17 $280,000 -13.8% $325,000 0.0% 0.0%

MANGO HILL 22 $448,000 9.3% $425,768 0.4% 1.9%

MARGATE 29 $371,150 0.3% $365,000 9.0% 6.8%

MORAYFIELD 37 $310,000 0.0% $300,000 2.7% -7.7%

MORAYFIELD ^ 10 $560,000 5.7% $505,000 5.4% -2.9%

MURRUMBA DOWNS ~ 26 $516,250 20.1% $437,500 4.2% 5.4%

NARANGBA 49 $415,000 -3.6% $415,500 0.4% 3.9%

NEWPORT ~ f 14 $820,000 39.7% $750,000 6.4% -10.4%

NINGI 6 N/A N/A $340,000 12.4% N/A

NINGI ^ 7 N/A N/A $475,000 2.7% -1.0%

NORTH LAKES 78 $439,000 -1.3% $438,900 2.1% -0.3%

PETRIE ~ 35 $355,100 -15.3% $360,350 0.1% 0.1%

REDCLIFFE ~ 21 $340,000 -23.6% $366,000 7.6% 1.7%

ROTHWELL ~ 18 $412,500 17.6% $360,000 2.0% -5.3%

SAMFORD VALLEY ^ 6 N/A N/A $810,000 1.3% 4.2%

SANDSTONE POINT 9 N/A N/A $380,000 5.6% -1.4%

SCARBOROUGH 32 $447,500 -4.2% $451,000 12.9% 17.1%

STRATHPINE 27 $346,500 -1.0% $341,000 6.6% 3.0%

UPPER CABOOLTURE 9 N/A N/A $316,500 2.9% -5.9%

UPPER CABOOLTURE ^ 5 N/A N/A $505,000 N/A 5.0%

WAMURAN ^ ~ 5 N/A N/A $460,000 0.0% -16.0%

WARNER 25 $466,250 2.9% $460,000 2.2% 4.5%

WOODY POINT ~ 18 $350,000 -21.8% $385,000 -3.3% 7.1%

WOORIM 9 N/A N/A $413,250 N/A 4.0%

BRISBANE (SD) 5317 $460,000 -1.1% $455,000 4.6% 11.5%

BRISBANE (SD) ^ 358 $550,000 0.5% $550,000 3.2% 1.9%

IPSWICH CITY (LGA) 486 $301,680 -2.1% $302,000 2.4% -2.6%

IPSWICH CITY (LGA) ^ ~ 30 $420,000 -10.6% $446,565 2.1% 0.4%

AUGUSTINE HEIGHTS 13 $473,400 5.5% $502,750 3.4% N/A

BELLBIRD PARK 5 N/A N/A $322,500 7.1% 0.0%

BOOVAL 5 N/A N/A $257,500 -1.0% -5.0%

BRASSALL 21 $331,000 8.5% $310,000 1.6% -9.8%

BUNDAMBA ~ 19 $235,000 -13.0% $269,500 9.1% -2.7%

CAMIRA 16 $317,500 -5.2% $330,000 -1.2% -1.5%

COLLINGWOOD PARK 27 $302,500 7.3% $298,500 -0.5% -8.9%

EAST IPSWICH 9 N/A N/A $238,500 -8.3% -13.3%

EASTERN HEIGHTS ~ 16 $288,000 14.7% $249,000 1.6% -6.7%

FLINDERS VIEW ~ 19 $349,000 -9.4% $349,500 10.3% -10.4%

GOODNA 16 $261,000 -6.8% $275,000 10.0% -8.3%

IPSWICH ~ 3 N/A N/A $320,000 16.4% 0.9%

KARALEE ^ 7 N/A N/A $505,000 1.8% 13.2%

LEICHHARDT 10 $219,000 2.5% $210,000 0.0% -14.3%

NEWTOWN 5 N/A N/A $308,000 N/A -4.6%

NORTH BOOVAL 6 N/A N/A $230,000 0.0% -13.2%

NORTH IPSWICH ~ 25 $230,000 -6.1% $230,000 -1.0% -18.9%

ONE MILE 7 N/A N/A $220,000 0.7% -13.9%

RACEVIEW 36 $288,500 -0.1% $286,250 -3.0% -7.7%

REDBANK PLAINS 54 $290,500 -0.3% $285,500 2.0% -6.1%

RIVERVIEW ~ 7 N/A N/A $212,250 N/A -16.8%

ROSEWOOD 8 N/A N/A $252,000 4.1% 0.8%

SILKSTONE ~ 14 $286,500 9.6% $265,000 9.1% -3.8%

SPRINGFIELD 17 $410,850 6.7% $385,000 6.9% 2.4%

SPRINGFIELD LAKES 66 $400,000 2.6% $385,000 1.2% -1.3%

WOODEND 4 N/A N/A $285,000 N/A -4.7%

YAMANTO 15 $337,500 0.4% $335,000 -0.7% 0.9%

LOGAN CITY (LGA) 605 $352,000 2.0% $343,000 3.9% 2.3%

LOGAN CITY (LGA) ^ 118 $520,000 3.0% $500,000 4.2% 1.0%

BEENLEIGH ~ 24 $290,000 -8.7% $285,000 1.8% -11.5%

BETHANIA 12 $286,500 N/A $282,500 -0.9% -5.8%

BORONIA HEIGHTS 15 $320,000 3.6% $303,000 -0.7% -0.7%

BROWNS PLAINS 13 $307,500 2.8% $310,000 5.1% 0.0%

BUCCAN ^ 2 N/A N/A $535,500 N/A -2.3%

CEDAR GROVE ^ 3 N/A N/A $416,500 9.6% 8.9%

CEDAR VALE ^ 11 $440,000 -1.7% $447,500 9.1% 6.0%

CHAMBERS FLAT ^ 3 N/A N/A $485,000 N/A -6.7%

CORNUBIA ^ 5 N/A N/A $650,000 N/A N/A

CORNUBIA ~ 28 $461,000 12.4% $455,000 -2.2% 3.4%

CRESTMEAD 27 $288,500 -3.8% $279,000 1.5% -5.7%

DAISY HILL ~ 21 $437,000 12.8% $405,000 8.0% 4.5%

EAGLEBY 17 $242,000 -1.4% $247,500 -1.0% -13.0%

EDENS LANDING 17 $348,500 2.9% $342,400 3.8% -1.9%

FORESTDALE ^ 5 N/A N/A $660,000 8.0% 10.0%

GREENBANK ^ 12 $484,000 -0.7% $506,000 3.3% -3.5%

HERITAGE PARK ~ 16 $392,500 -14.7% $377,500 -1.9% -0.7%

HILLCREST 9 N/A N/A $320,000 0.5% -3.0%

JIMBOOMBA 9 N/A N/A $368,000 3.7% -2.9%

JIMBOOMBA ^ ~ 20 $433,500 -8.7% $450,000 0.0% 1.1%

KINGSTON 29 $250,500 -3.7% $250,000 6.2% -7.8%

LOGAN CENTRAL 10 $270,000 4.4% $250,000 7.8% -5.8%

LOGAN VILLAGE ^ 5 N/A N/A $507,500 10.3% 6.8%

LOGANHOLME 16 $316,000 -4.2% $360,000 1.4% 4.3%

LOGANLEA 15 $310,000 N/A $283,500 -5.5% -5.5%

MARSDEN 22 $306,500 -2.7% $306,500 0.9% -1.1%

MEADOWBROOK 7 N/A N/A $349,900 -4.1% -6.7%

MOUNT WARREN PARK 17 $340,000 7.9% $340,000 3.5% -0.4%

MUNRUBEN ^ 6 N/A N/A $485,000 0.4% -4.5%

NEW BEITH ^ 7 N/A N/A $545,000 9.2% 3.3%

NORTH MACLEAN ^ ~ 6 N/A N/A $427,500 N/A -16.2%

REGENTS PARK 42 $356,000 -0.1% $353,000 1.1% 0.9%

ROCHEDALE SOUTH 41 $440,000 4.8% $425,000 10.4% 11.8%

SHAILER PARK 56 $463,000 -3.0% $455,500 1.9% 4.7%



MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE



MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE

HO

USE PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

146

787

1529

171112

722

1401

164

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


DEC 13 MAR 14


908 939

362

14

973 972

409

18

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




115

517

418

6570

480 490

77

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


DEC 13 MAR 14


101

394

278

3381

437

311

31

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


DEC 13 MAR 14


146

42

10

156

217

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



186155

49

143170

58

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



172

368

159

48

11

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



21

73

2721

51

24

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



192 187

48

187 184

56

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



53

118

4253

114

40

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



178

80

30

144

78

30

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



297

155

43

288

163

39

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



HO

USE PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

47

294

560

314

44

330

651

371

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



132 132

7936

182207

99

43

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




204

380

292

192235

447391

241

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



74

187

132

7979

181164

109

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



17

9

2

18

9

0

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



142

3113

135

55

15

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



18

10

1

18

9 10

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



23 3

5 5

7

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



3327 25

42

32

15

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



89

6

9

6

9

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



12 12 11

7

11

17

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



37 34

7

4236

14

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



LAN

D PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

16

32 28

1013

59

38

9

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



220

4914 7

243

5321 5

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




45

24

3 6

64

26

5 6

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



40

2112

4

50

2015

10

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



25

0 0

30

1 1

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



57

4 3

62

81

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



41

3 0

42

1 2

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



25

2 2

14

1 0

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



14

7

0

25

7

1

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



40

3 0

29

1 0

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



25

2 2

36

70

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



40

2 4

44

4 1

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


DEC 13 MAR 14




KALLANGUR 9 N/A N/A $286,750 -4.4% -11.8%

KIPPA-RING 8 N/A N/A $255,000 -1.2% -22.7%

LAWNTON 12 $210,000 N/A $209,000 -22.3% -18.7%

MANGO HILL 2 N/A N/A $340,000 -2.9% N/A

MARGATE 4 N/A N/A $310,000 3.0% -1.1%

MORAYFIELD 2 N/A N/A $287,500 -7.3% 13.4%

MURRUMBA DOWNS 7 N/A N/A $349,000 -0.3% 1.2%

NARANGBA 2 N/A N/A $335,000 N/A N/A

NORTH LAKES * t 18 $358,000 N/A $359,000 -1.6% -9.1%

REDCLIFFE 32 $310,000 -0.8% $330,000 -11.4% 1.5%

SANDSTONE POINT 9 N/A N/A $339,950 N/A -4.9%

SCARBOROUGH 20 $407,500 5.3% $381,500 5.7% 0.3%

STRATHPINE 8 N/A N/A $250,000 N/A -8.7%

WOODY POINT 9 N/A N/A $325,000 -6.5% -3.0%

REDLAND CITY (LGA) ~ f 79 $322,500 -8.1% $339,000 -1.7% 2.7%

CAPALABA 24 $285,000 5.6% $280,000 -6.4% -7.0%

CLEVELAND ~ f 19 $374,000 -11.0% $375,000 7.1% 4.5%

ORMISTON 8 N/A N/A $344,500 -24.7% 2.8%

THORNESIDE 9 N/A N/A $312,250 16.9% 0.7%

BRISBANE (SD) 2087 $385,000 0.0% $380,000 0.2% 8.3%

IPSWICH CITY (LGA) ~ t 49 $255,500 16.7% $263,250 -4.3% -2.1%

BRASSALL 7 N/A N/A $252,000 N/A -8.4%

GOODNA 9 N/A N/A $217,500 N/A -7.7%

REDBANK PLAINS 4 N/A N/A $217,500 -20.7% -11.2%

LOGAN CITY (LGA) 180 $227,500 -5.2% $250,000 -14.4% -1.2%

BEENLEIGH 7 N/A N/A $170,000 -8.1% -28.6%

EAGLEBY 10 $198,500 N/A $268,000 -13.0% -6.6%

LOGAN CENTRAL 11 $172,000 N/A $165,000 N/A -9.8%

LOGANLEA 3 N/A N/A $289,857 -8.9% 3.0%

MARSDEN 14 $259,000 N/A $329,000 0.0% N/A

ROCHEDALE SOUTH 10 $271,000 N/A $264,000 -4.0% -2.2%

SLACKS CREEK 9 N/A N/A $188,500 1.9% -20.8%

SPRINGWOOD 14 $231,500 N/A $249,500 -0.2% -5.8%

UNDERWOOD 7 N/A N/A $399,000 5.6% 8.0%

WATERFORD WEST 7 N/A N/A $185,000 N/A -17.8%

WOODRIDGE 25 $175,500 -1.1% $175,000 -1.1% -12.5%

MORETON BAY (LGA) 256 $308,500 3.2% $316,000 -3.4% 3.4%

ARANA HILLS 6 N/A N/A $371,800 9.2% N/A

BANKSIA BEACH 9 N/A N/A $399,800 17.6% 26.5%

BELLARA 4 N/A N/A $270,000 2.3% N/A

BONGAREE ~ f 13 $305,500 18.6% $287,000 -2.4% -2.7%

BRENDALE 13 $256,000 1.2% $255,000 -22.5% -11.4%

CABOOLTURE 20 $200,000 N/A $227,000 -5.8% -16.5%

CLONTARF ~ f 14 $455,000 12.1% $420,000 29.2% 27.3%

DECEPTION BAY 11 $223,750 N/A $220,000 1.6% -15.5%

GRIFFIN 0 N/A N/A $352,500 N/A N/A

REDLAND CITY (LGA) 471 $460,000 1.0% $459,000 2.5% 6.1%

REDLAND CITY (LGA) ^ ~ 19 $797,500 N/A $795,000 10.4% -0.6%

ALEXANDRA HILLS 56 $412,500 1.9% $400,000 3.9% 3.9%

BIRKDALE 38 $479,000 1.9% $470,000 5.6% 3.2%

CAPALABA 35 $408,900 -0.3% $412,500 2.7% 3.1%

CAPALABA ^ 4 N/A N/A $830,000 7.1% 12.9%

CLEVELAND 51 $550,000 5.8% $515,000 0.0% 0.0%

MACLEAY ISLAND ~ 17 $175,000 N/A $187,000 -13.6% -27.5%

MOUNT COTTON 15 $456,500 0.3% $456,500 -0.8% 3.3%

ORMISTON 22 $525,000 -4.2% $570,000 3.6% 0.9%

REDLAND BAY 49 $473,000 -2.5% $480,000 1.6% 0.0%

RUSSELL ISLAND ~ 14 $236,950 26.0% $190,000 8.6% -13.6%

SHELDON ^ ~ 7 N/A N/A $772,500 16.2% N/A

THORNESIDE 11 $435,000 N/A $390,000 -1.6% 1.0%

THORNLANDS ~ 38 $555,750 10.0% $515,000 1.5% 0.5%

VICTORIA POINT 65 $470,000 2.2% $464,750 5.6% 4.4%

WELLINGTON POINT ~ 48 $470,000 -9.2% $518,250 1.4% 6.9%

SURROUNDS

LOCKYER VALLEY (LGA) 25 $227,500 5.8% $240,000 -3.0% -5.9%

LOCKYER VALLEY (LGA) ^ 45 $334,250 -2.3% $326,000 -1.2% 0.3%

GATTON 15 $226,250 -6.8% $250,000 0.0% -9.1%

KENSINGTON GROVE ^ 4 N/A N/A $312,000 -2.5% -2.5%

LAIDLEY ~ 8 N/A N/A $212,500 -14.4% -11.5%

PLAINLAND ̂ 3 N/A N/A $320,000 -2.3% -2.7%

REGENCY DOWNS ^ 4 N/A N/A $292,000 -1.4% -6.6%

WITHCOTT ^ 3 N/A N/A $362,500 3.1% N/A

SOMERSET (LGA) ~ 33 $244,000 -12.9% $260,000 0.0% 10.6%

SOMERSET (LGA) ^ ~ 41 $333,250 -14.3% $341,500 0.4% 1.5%

ESK 9 N/A N/A $217,500 N/A -1.1%

FERNVALE ^ 6 N/A N/A $396,750 N/A N/A

LOWOOD ^ 4 N/A N/A $280,000 N/A -8.2%

LOWOOD ~ 4 N/A N/A $267,000 -16.6% 17.1%

MINDEN ^ 6 N/A N/A $332,000 N/A 1.5%

TOOGOOLAWAH 8 N/A N/A $207,000 15.0% -4.4%



MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE



MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE




IPSWICH CITY $300 773 $290 802

4300 AUGUSTINE HEIGHTS $335 196 $330 202

4301 COLLINGWOOD PARK $310 109 $300 100

4303 DINMORE $270 30 $270 26

4304 BLACKSTONE $285 75 $270 99

4305 BASIN POCKET $280 287 $275 291

4306 AMBERLEY $300 53 $330 51

4340 ASHWELL $285 19 $280 30

LOGAN CITY $330 903 $330 950

4114 KINGSTON $315 163 $300 140

4118 BROWNS PLAINS $340 96 $330 106

4119 UNDERWOOD $385 9 $360 13

4123 PRIESTS GULLY $380 56 $370 50

4124 BORONIA HEIGHTS $330 48 $330 39

4125 MUNRUBEN $425 6 $400 7

4127 CHATSWOOD HILLS $350 94 $340 110

4128 KIMBERLEY PARK $380 26 $370 33

4129 LOGANDALE $350 22 $345 36

4130 CARBROOK $355 10 $385 10

4131 LOGANLEA $330 31 $340 39

4132 CRESTMEAD $325 86 $320 104

4133 CHAMBERS FLAT $360 28 $350 37

4205 BETHANIA $310 17 $310 23

4207 ALBERTON $330 186 $315 178

4280 JIMBOOMBA $360 23 $390 24

MORETON BAY REGIONAL $330 1042 $330 1095

4019 CLONTARF $350 72 $340 80

4020 NEWPORT $350 67 $340 62

4021 KIPPA-RING $340 24 $335 28

4022 ROTHWELL $350 21 $335 17

4035 ALBANY CREEK $400 24 $390 33

4055 BUNYA $430 37 $400 36

4500 BRAY PARK $350 90 $350 76

4501 LAWNTON $330 23 $330 24

4502 FRENCHS FOREST $330 26 $345 17

4503 DAKABIN $350 93 $340 96

4504 NARANGBA $330 28 $340 27

4505 BURPENGARY $335 27 $304 24

4506 MOORINA $290 59 $290 71

4507 BANKSIA BEACH $330 42 $320 61

4508 DECEPTION BAY $305 106 $295 104

4509 MANGO HILL $375 74 $370 81

4510 BALINGOOL $290 176 $285 188

4511 GODWIN BEACH $305 14 $310 21

4512 BRACALBA $330 5 $290 7

4514 BELLTHORPE $310 16 $300 16

4520 ARMSTRONG CREEK $440 9 $430 12

4521 CAMPBELLS POCKET $350 5 $370 6

REDLAND CITY $380 340 $365 338

4157 CAPALABA $380 42 $375 31

4158 THORNESIDE $375 8 $380 11

4159 AQUATIC PARADISE $390 23 $375 37

4160 EROBIN $400 31 $400 42

4161 ALEXANDRA HILLS $390 45 $370 38

4163 CLEVELAND $390 39 $380 39

4164 PINKLANDS $370 15 $390 11

4165 MOUNT COTTON $400 63 $375 54

4184 COOCHIEMUDLO ISLAND $235 71 $240 69

LOCKYER VALLEY REGIONAL $280 132 $270 122

4341 BLENHEIM $270 64 $270 51

4342 CROWLEY VALE $280 16 $260 15

4343 ADARE $290 42 $270 51

4344 CARPENDALE $250 5 N.A. 3

4347 GRANTHAM $260 5 N.A. 2

SOMERSET REGIONAL $260 60 $280 67

4311 ATKINSONS DAM $270 25 $265 29

4312 BRYDEN $220 9 $245 9

4313 BIARRA $230 13 $250 7

4515 GLENFERN $290 13 $295 22

BRISBANE (SD) 441 $219,000 1.9% $209,900 0.0% 2.9%

BRISBANE (SD) ^ 83 $265,000 -5.2% $260,000 -2.6% 4.2%

IPSWICH CITY (LGA) 57 $172,000 -0.3% $169,900 -2.9% 0.5%

IPSWICH CITY (LGA) ^ 10 N/A N/A $239,500 6.4% 0.4%

AUGUSTINE HEIGHTS 2 N/A N/A $200,000 -0.5% -10.0%

BELLBIRD PARK * 5 N/A N/A $185,000 -9.8% 8.5%

BRASSALL 2 N/A N/A $175,000 2.9% 0.0%

BUNDAMBA 1 N/A N/A $153,000 -1.3% N/A

DEEBING HEIGHTS 2 N/A N/A $150,000 -0.8% N/A

GOODNA 6 N/A N/A $185,000 2.8% 10.8%

KARALEE ^ 5 N/A N/A $255,000 N/A 6.9%

LEICHHARDT 6 N/A N/A $145,000 N/A N/A

RACEVIEW 2 N/A N/A $169,000 3.7% 0.3%

REDBANK PLAINS * 3 N/A N/A $140,000 -13.3% -17.1%

SPRINGFIELD LAKES 11 $166,000 N/A $175,000 -2.8% 10.1%

LOGAN CITY (LGA) ~ * 66 $195,500 23.0% $180,000 -7.7% -5.3%

LOGAN CITY (LGA) ^ ~ 22 $273,750 15.3% $247,500 -2.8% 6.7%

HOLMVIEW 5 N/A N/A $180,970 -2.1% -13.0%

JIMBOOMBA 5 N/A N/A $175,000 N/A 2.2%

JIMBOOMBA ^ * 3 N/A N/A $204,500 N/A 9.4%

LOGAN RESERVE * 7 N/A N/A $156,000 -1.9% N/A

MARSDEN 3 N/A N/A $180,000 -7.7% N/A

NEW BEITH ^ 4 N/A N/A $257,000 -2.5% 7.1%

REGENTS PARK 4 N/A N/A $225,000 N/A N/A

UNDERWOOD * 5 N/A N/A $372,000 29.2% 14.5%

WATERFORD 2 N/A N/A $179,000 -5.8% 3.5%

WOODHILL ^ 1 N/A N/A $217,450 N/A N/A

YARRABILBA * 9 N/A N/A $145,000 -11.0% N/A

MORETON BAY (LGA) 112 $211,635 -7.6% $209,760 1.3% 1.3%

MORETON BAY (LGA) ^ ~ 47 $270,000 -13.2% $266,000 -3.4% -8.3%

BANKSIA BEACH 11 $401,000 N/A $435,000 N/A -4.4%

BRAY PARK 4 N/A N/A $204,500 N/A -7.0%

BURPENGARY 1 N/A N/A $210,000 0.0% N/A

BURPENGARY EAST ^ 6 N/A N/A $311,250 N/A N/A

CABOOLTURE ^ * 6 N/A N/A $260,000 N/A N/A

CABOOLTURE ~ * 10 $165,950 -18.4% $180,000 -2.7% -7.5%

DAKABIN * 18 $200,000 N/A $197,250 -1.3% N/A

GRIFFIN *

MANGO HILL 6 N/A N/A $225,000 7.1% 3.0%

MORAYFIELD 5 N/A N/A $172,000 -8.3% -9.2%

MURRUMBA DOWNS 3 N/A N/A $247,000 N/A 7.4%

NARANGBA 8 N/A N/A $199,875 1.5% -4.8%

NORTH LAKES 9 N/A N/A $222,620 4.3% 7.0%

WAMURAN ^ * 13 $235,000 N/A $235,000 N/A N/A

WARNER * 4 N/A N/A $225,000 -0.9% 0.0%

WOODFORD ^ 3 N/A N/A $204,250 N/A N/A

REDLAND CITY (LGA) ~ f 87 $40,000 33.3% $87,500 -62.8% 16.7%

MACLEAY ISLAND ~ f 14 $26,500 11.6% $25,750 -26.4% -61.7%

MOUNT COTTON 3 N/A N/A $250,000 -2.7% 1.7%

REDLAND BAY 4 N/A N/A $263,750 -0.5% -0.5%

RUSSELL ISLAND * f 35 $22,000 4.8% $20,000 -13.0% -63.6%

THORNLANDS 12 $280,500 -1.1% $280,000 1.8% N/A

VICTORIA POINT 3 N/A N/A $267,500 N/A -6.1%

WELLINGTON POINT * 4 N/A N/A $330,000 N/A N/A

SURROUNDS

LOCKYER VALLEY (LGA) 11 N/A N/A $99,000 -23.6% -13.9%

LOCKYER VALLEY (LGA) ^ 10 N/A N/A $120,000 0.0% -9.1%

HATTON VALE ^ 0 N/A N/A $136,000 -4.7% N/A

LAIDLEY NORTH * 9 N/A N/A $100,000 N/A N/A

WITHCOTT ^ * 2 N/A N/A $147,000 N/A N/A

SOMERSET (LGA) 7 N/A N/A $135,000 -1.5% 5.5%

FERNVALE 4 N/A N/A $142,000 -3.4% 10.9%

SALES MARKET - VACANT LAND (CONT’D)


MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE



With the housing market in SEQ well into the recovery phase, the greater Brisbane area continued to post strong sales activity over the March quarter

F i n d o u t m o re

EXPERTS’ GUIDE T O B U Y I N G P R O P E R T Y

I N F O R M AT I O N C A N B E H A R D T O F I N D

B R I S B A N E - S a t 2 3 A u g - A N D - S a t 1 1 O c t



IPSWICH CITY $310 134 $305 110



4304 BLACKSTONE $305 26 $300 30

4305 BASIN POCKET $305 30 $315 29

LOGAN CITY $330 455 $330 380

4114 KINGSTON $320 61 $310 48

4118 BROWNS PLAINS $340 66 $340 56

4119 UNDERWOOD $380 16 $350 11

4123 PRIESTS GULLY $350 7 $350 11

4127 CHATSWOOD HILLS $320 51 $320 47

4128 KIMBERLEY PARK $350 7 $320 12

4130 CARBROOK $370 5 N.A. 3

4131 LOGANLEA $350 29 $350 17

4132 CRESTMEAD $340 67 $340 43

4133 CHAMBERS FLAT $315 22 $315 27

4207 ALBERTON $320 121 $320 96


4019 CLONTARF $340 15 $310 17

4020 NEWPORT $335 12 $320 11

4021 KIPPA-RING $335 49 $325 65

4035 ALBANY CREEK $380 8 $380 5

4500 BRAY PARK $340 40 $335 39

4501 LAWNTON $300 5 $340 10

4502 FRENCHS FOREST $320 11 $320 18

4503 DAKABIN $340 183 $335 134

4504 NARANGBA $340 7 $340 14

4505 BURPENGARY $295 38 $315 28

4506 MOORINA $310 19 $300 20

4508 DECEPTION BAY $300 84 $305 43

4509 MANGO HILL $345 111 $340 48

4510 BALINGOOL $290 19 $290 28

REDLAND CITY $385 114 $380 82

4157 CAPALABA $370 17 $350 6

4158 THORNESIDE $385 24 $380 9

4159 AQUATIC PARADISE $415 5 N.A. 4

4160 EROBIN $385 21 $375 11

4163 CLEVELAND $400 28 $370 30

4165 MOUNT COTTON $390 16 $385 16

LOCKYER VALLEY REGIONAL N.A. 7 N.A. 9

4343 ADARE $250 6 $275 8

IPSWICH CITY $248 155 $245 132



4304 BLACKSTONE $240 15 $220 22

4305 BASIN POCKET $240 77 $240 66

LOGAN CITY $260 167 $255 213

4114 KINGSTON $250 52 $250 65

4127 CHATSWOOD HILLS $310 19 $320 27

4128 KIMBERLEY PARK $290 10 $285 6

4131 LOGANLEA $260 6 $260 8

4133 CHAMBERS FLAT $239 6 $172 15

4207 ALBERTON $260 57 $250 73

4280 JIMBOOMBA $265 5 N.A. 2


4019 CLONTARF $280 71 $265 71

4020 NEWPORT $310 82 $310 84

4500 BRAY PARK $290 33 $285 22

4501 LAWNTON $280 11 $270 10

4503 DAKABIN $280 48 $275 42

4505 BURPENGARY $285 6 $265 9

4506 MOORINA $265 12 $205 22

4507 BANKSIA BEACH $285 69 $265 64

4508 DECEPTION BAY $260 11 $290 19

4509 MANGO HILL $300 18 $300 9

4510 BALINGOOL $255 81 $240 86

REDLAND CITY $320 72 $310 82

4157 CAPALABA $320 7 $225 19

4158 THORNESIDE $295 5 $295 6

4159 AQUATIC PARADISE $304 5 $320 8

4160 EROBIN $300 7 $325 6

4163 CLEVELAND $350 37 $345 33

4165 MOUNT COTTON $173 5 N.A. 4

LOCKYER VALLEY REGIONAL $240 15 $230 25

4343 ADARE $240 10 $230 20

RENTAL MARKET - 2 BED UNITSMAR-14 MAR-13




http://www.reiq.com/courses-training/free-buying-property-seminar


REGIONAL MARKET UPDATES

Prestige acreage house sales were also selling well, resulting in the Gold Coast’s acreage house price increasing 9 per cent to $687,000 for the March quarter.

Investors are said to be increasingly active, with many looking to purchase affordably priced low rise properties priced and mid-range prices in high rise apartments.


The Gold Coast unit and townhouse market performed strongly over the quarter, with preliminary sales numbers up 19 per cent and the median unit price up 2.9 per cent to $350,000. All price points recorded an increase in activity over the quarter with the highest increase in demand recorded in the $350,000-plus price bracket, up 34 per cent.

Prestige waterfront unit sales were also selling well with strong demand for properties located in the suburbs of Palm Beach, Paradise Point, Main Beach and Southport. New unit sales were also up in the suburb of Biggera Waters with sales in two highrise developments located within the Harbour Quays Estate.

According to local agents, the $670 million revamp of Pacific Fair shopping centre is creating jobs and fuelling demand for rental properties. After Southport and Labrador, Broadbeach recorded the third highest preliminary unit sales numbers for the quarter.

RENTAL MARKET

According to the REIQ’s March rental survey, tenant demand on the Gold Coast remains high, however increased investor activity is reportedly helping offset this, seeing the vacancy rate easing to 2.2 per cent.

Despite the increase in rental stock, some local agents say these are the tightest conditions they’ve seen in a few years, with vacancies taking only 1 to 2 weeks on the market.Median weekly rents from the RTA are up, with three bedroom house rentals posting an increase of $15 and two bedroom units up $10 for the March quarter compared to 12 months ago.

HOUSE SALES MARKET

Over the March quarter 2014, the Gold Coast residential property market was one of the star performers with solid median house price growth and consistent sales activity. Over the year to March, the Gold Coast recorded the highest increase in sales activity of all major local government areas, with preliminary sales numbers showing an increase of around 20 per cent.

With growing confidence in the Gold Coast market, the median house price increased 4.2 per cent to $500,000 with the $500,000-plus price bracket taking over as the most popular price point, after posting an increase of 17 per cent in preliminary sales numbers. The one million dollar plus price bracket also recorded strong increased activity, while the affordable end of the market saw a decline in activity.

According to local agents, the Gold Coast market was starting to show signs of turning the corner and this was reflected by solid median price increases. And while buyers were still somewhat cautious, properties that stacked up were selling well.

Strong demand was evident for properties in suburbs surrounding the Gold Coast Health and Knowledge Precinct, with sales activity up the highest for the nearby suburbs of Southport, Ashmore, Labrador and Parkwood over the year to March.

Sales over the year were also strong for the northern corridor suburbs of Ormeau, Upper Coomera, Helensvale and Oxenford.

Properties are spending less time on the market with both houses and units recording lower average days on market compared to 12 months ago. Average vendor discounting was also improved, showing growing confidence in the market from both buyers and sellers.

Local agent’s report increasing demand for prestige property with many properties selling well above the reserve price at auction, with waterfront property in particular selling well.

Such sales were seen in the suburbs of Biggera Waters, Currumbin Waters and Paradise Point, resulting in significant increases in their median house price over the March quarter.

GOLD COAST

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

17


MARCH QUARTER 2014

GOLD COAST CITY (LGA) 101 $231,000 0.4% $230,000 1.7% -4.2%

GOLD COAST CITY (LGA) ^ ~ 8 N/A N/A $354,250 1.2% -25.4%

COOMERA * 8 N/A N/A $225,000 N/A -4.3%

GILSTON * 11 $257,000 N/A $250,000 13.6% 8.3%

ORMEAU 6 N/A N/A $225,000 0.0% 0.1%

ORMEAU HILLS 7 N/A N/A $214,900 2.3% N/A

PIMPAMA * 28 $216,500 -3.3% $220,000 -4.6% N/A

REEDY CREEK 7 N/A N/A $309,000 N/A -0.3%

UPPER COOMERA 13 $229,450 N/A $226,750 3.1% -5.5%

WILLOW VALE 3 N/A N/A $195,000 N/A N/A

SURROUNDS

SCENIC RIM (LGA) 3 N/A N/A $178,100 -0.8% -2.1%

SCENIC RIM (LGA) ^ 11 N/A N/A $216,500 8.8% 28.1%

GOLD COAST CITY (LGA) 1454 $350,000 2.9% $350,000 1.4% -4.1%

ARUNDEL 9 N/A N/A $305,000 2.5% -1.6%

ASHMORE 17 $293,750 N/A $262,500 -0.5% -12.2%

BENOWA 23 $423,280 -0.4% $465,000 -16.2% -1.6%

BIGGERA WATERS * f 43 $316,000 12.9% $384,000 20.0% 15.0%

BILINGA ~ f 8 N/A N/A $428,750 24.8% -27.9%

BROADBEACH ~ f 78 $380,000 -8.2% $401,000 -20.2% -8.8%

BROADBEACH WATERS ~ f 8 N/A N/A $386,000 21.6% -3.5%

BUNDALL 6 N/A N/A $355,000 15.4% 1.4%

BURLEIGH HEADS 54 $391,000 -5.1% $370,000 2.8% -8.6%

BURLEIGH WATERS 27 $337,500 5.8% $330,000 6.5% -12.0%

CARRARA 31 $374,000 -7.2% $375,000 -5.8% -7.4%

CLEAR ISLAND WATERS 7 N/A N/A $444,500 1.0% 18.5%

COOLANGATTA 37 $400,000 5.3% $375,000 -5.1% -16.7%

COOMBABAH 21 $320,000 5.6% $299,000 -0.3% -3.5%

COOMERA - t * 23 $240,055 3.9% $236,000 -22.6% -15.7%

CURRUMBIN 10 $370,000 N/A $380,000 -6.2% -19.6%

CURRUMBIN WATERS 10 $343,500 9.0% $300,000 7.1% -8.3%

ELANORA 17 $304,000 -0.7% $293,000 5.6% -5.5%

HELENSVALE ~ t f 14 $400,000 24.6% $325,000 0.0% -11.7%

HIGHLAND PARK 3 N/A N/A $276,000 N/A -2.4%

HOPE ISLAND 71 $497,500 -3.4% $490,000 -4.3% -19.7%

LABRADOR 98 $322,500 5.7% $310,000 8.8% -1.6%

MAIN BEACH ~ f 34 $657,500 27.1% $585,000 10.8% -6.4%

MERMAID BEACH ~ f 26 $292,000 -13.2% $333,500 5.0% -7.4%

MERMAID WATERS ~ 20 $262,750 -17.9% $292,000 -0.2% -7.2%

MERRIMAC ~ t 18 $280,000 N/A $377,500 25.8% 21.8%

MIAMI 29 $345,000 -1.4% $340,000 -0.7% -5.6%

MUDGEERABA 21 $281,000 N/A $321,000 4.2% -4.2%

NERANG ~ 35 $255,000 -10.5% $270,000 6.4% -6.4%

ORMEAU 10 $273,000 N/A $302,500 -7.2% -14.9%

OXENFORD 16 $265,500 N/A $265,000 8.8% -5.4%

PACIFIC PINES ~ 21 $320,000 -11.1% $365,000 5.8% 0.0%

PALM BEACH ~ f 38 $375,000 32.0% $337,500 9.2% -4.9%

PARADISE POINT ~ f 23 $545,000 28.2% $540,000 -5.3% 25.9%

PIMPAMA 9 N/A N/A $361,400 -7.1% N/A

REEDY CREEK ~ 16 $316,500 17.2% $275,000 3.8% -7.7%

ROBINA 37 $397,500 3.6% $415,260 -1.1% -5.6%

RUNAWAY BAY ~ f 35 $435,000 -16.3% $435,000 7.4% 3.6%

SOUTH STRADBROKE 2 N/A N/A $140,000 N/A N/A

SOUTHPORT ~ f 122 $340,000 18.9% $327,000 9.0% -12.0%

SURFERS PARADISE 207 $330,000 1.5% $350,000 0.6% -10.6%

TUGUN 19 $358,000 -0.6% $360,000 4.3% -13.5%

UPPER COOMERA - 13 $305,000 8.9% $293,000 5.0% -7.0%

VARSITY LAKES 37 $390,000 5.4% $365,000 3.5% -7.6%

GOLD COAST CITY (LGA) ~ 1243 $500,000 4.2% $485,000 4.3% 3.2%

GOLD COAST CITY (LGA) ^ ~ 124 $687,000 9.0% $660,000 6.5% -1.5%

ARUNDEL 31 $452,500 -1.6% $460,000 -3.2% -3.2%

ASHMORE ~ 43 $506,000 16.9% $455,000 4.6% -1.1%

BENOWA 20 $674,000 -2.5% $688,750 8.5% -1.6%

BIGGERA WATERS ~ f 13 $730,000 58.4% $557,500 17.4% 11.5%

BONOGIN ^ 10 $525,000 N/A $570,000 -0.4% -8.1%

BROADBEACH WATERS 33 $815,000 -6.1% $800,000 15.8% -1.5%

BUNDALL 29 $735,000 -2.0% $756,000 8.7% -11.6%

BURLEIGH HEADS ~ 16 $562,500 -8.5% $585,000 16.3% 11.2%

BURLEIGH WATERS 37 $575,000 -0.7% $561,500 8.0% 5.0%

CARRARA ~ 31 $479,250 14.8% $439,000 6.4% 2.1%

CLEAR ISLAND WATERS 14 $905,000 7.4% $801,500 6.9% -5.7%

COOMBABAH 30 $391,000 4.6% $390,000 -2.5% -2.0%

COOMERA ~ f 18 $409,000 -15.5% $354,026 1.2% -9.2%

CURRUMBIN 6 N/A N/A $637,500 2.8% N/A

CURRUMBIN VALLEY ^ 8 N/A N/A $785,000 10.1% N/A

CURRUMBIN WATERS ~ f 23 $525,000 23.0% $502,500 11.7% 5.1%

ELANORA 25 $535,000 8.1% $490,000 7.1% 2.1%

HELENSVALE 84 $484,000 5.2% $470,000 4.8% 2.2%

HELENSVALE ^ ~ 3 N/A N/A $796,250 3.9% -12.3%

HIGHLAND PARK 21 $452,500 1.7% $425,000 7.6% 7.6%

HOLLYWELL 11 $485,000 N/A $540,000 13.7% 6.9%

HOPE ISLAND ~ f 23 $482,000 -33.4% $486,500 8.1% -1.7%

JACOBS WELL 0 N/A N/A $355,000 -7.8% -11.3%

LABRADOR ~ 28 $445,000 21.9% $406,000 8.3% -1.5%

MAUDSLAND 8 N/A N/A $445,000 5.3% 6.0%

MERMAID BEACH ~ f 8 N/A N/A $875,000 1.7% -19.4%

MERMAID WATERS 29 $640,000 -6.2% $630,000 2.4% 0.0%

MERRIMAC 10 $420,500 6.5% $407,500 7.5% -0.3%

MIAMI 18 $519,000 4.0% $520,000 7.5% 3.7%

MOLENDINAR 17 $500,000 8.7% $479,000 4.1% 1.9%

MUDGEERABA 27 $473,750 -0.1% $465,000 9.4% 5.7%

MUDGEERABA ^ 6 N/A N/A $635,000 4.7% 0.4%

NERANG 36 $376,500 9.8% $360,000 6.7% -4.0%

NERANG ^ 3 N/A N/A $700,000 N/A N/A

ORMEAU 51 $423,000 -1.1% $406,500 0.4% -3.2%

ORMEAU ^ 4 N/A N/A $635,000 -0.8% 5.8%

ORMEAU HILLS 6 N/A N/A $450,542 1.8% N/A

OXENFORD 40 $425,000 -6.6% $430,000 6.2% 1.4%

PACIFIC PINES 44 $454,250 0.9% $455,000 3.4% 1.1%

PALM BEACH 39 $547,500 1.4% $525,000 4.0% 1.0%

PARADISE POINT ~ f 27 $810,000 29.1% $797,500 -5.1% -5.1%

PARKWOOD ~ 19 $530,157 17.8% $452,500 1.3% 0.6%

PIMPAMA 4 N/A N/A $377,500 5.6% N/A

REEDY CREEK 15 $609,000 0.5% $607,000 -1.3% -1.1%

ROBINA ~ 55 $500,000 -8.3% $527,000 5.4% 1.3%

RUNAWAY BAY ~ 20 $655,000 11.3% $727,500 2.5% -10.2%

SOUTHPORT 40 $442,500 6.4% $431,000 6.4% -4.2%

SURFERS PARADISE ~ f 15 $1,100,000 -7.9% $1,150,000 0.7% -16.2%

TALLAI ^ 12 $712,500 -3.4% $727,500 7.5% 7.8%

TALLEBUDGERA ^ ~ 14 $842,500 28.6% $675,000 9.3% -8.2%

TALLEBUDGERA VALLEY ^ 4 N/A N/A $730,500 N/A N/A

TUGUN 23 $491,500 N/A $496,250 13.6% 9.1%

UPPER COOMERA 82 $425,000 7.9% $389,000 1.0% -4.0%

VARSITY LAKES 29 $480,000 3.2% $470,000 2.4% 3.8%

WILLOW VALE ^ 3 N/A N/A $776,500 0.8% N/A

WONGAWALLAN ^ 3 N/A N/A $710,000 N/A N/A

WORONGARY 9 N/A N/A $380,000 -1.3% 0.3%

WORONGARY ^ ~ 12 $715,000 21.4% $593,000 3.9% 3.2%

YATALA ^ 3 N/A N/A $605,000 N/A N/A

SURROUNDS

SCENIC RIM (LGA) ~ 39 $362,500 15.1% $349,000 2.6% 2.6%

SCENIC RIM (LGA) ^ 41 $480,000 -3.0% $460,000 2.2% 1.1%

BEAUDESERT 11 $320,000 3.2% $310,000 1.6% -0.6%

BOONAH 7 N/A N/A $280,000 3.7% -0.3%



MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE



MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE

SALES MARKET - VACANT LAND


KOORALBYN ^ 3 N/A N/A $311,000 -0.1% -3.6%

TAMBORINE ^ 14 $582,500 N/A $497,475 4.1% 1.7%

TAMBORINE MOUNTAIN 17 $420,000 -2.3% $402,750 2.0% -13.9%

TAMBORINE MOUNTAIN ^ ~ 4 N/A N/A $597,500 -12.1% -9.5%

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

Despite the increase in rental stock, some local agents say these are the tightest conditions they’ve seen in a few years



4275 BENOBBLE $440 9 $380 11

4285 ALLENVIEW $300 51 $310 45

4307 COLEYVILLE $250 5 N.A. 4

4310 ALLANDALE $275 15 $265 10

GOLD COAST CITY $430 1032 $415 1046

4208 BURNSIDE $380 32 $365 30

4209 COOMERA $370 106 $365 93

4210 OXENFORD $420 18 $385 20

4211 ADVANCETOWN $400 130 $390 115

4212 HELENSVALE $449 61 $460 69

4213 BONOGIN $430 42 $420 48

4214 ARUNDEL $420 90 $410 85

4215 LABRADOR $400 115 $390 113

4216 PARADISE POINT $400 76 $390 73

4217 BENOWA $550 54 $525 51

4218 BROADBEACH $510 56 $490 66

4220 BURLEIGH HEADS $470 52 $450 76

4221 ELANORA $460 43 $450 43

4223 CURRUMBIN $460 27 $460 32

4224 TUGUN $400 9 $415 14

4225 BILINGA $395 7 $480 5

4226 CLEAR ISLAND WATERS $460 70 $440 67

4227 REEDY CREEK $460 42 $430 41

SCENIC RIM REGIONAL $330 119 $350 120

4270 TAMBORINE $370 5 N.A. 4

4271 EAGLE HEIGHTS $385 11 $380 16

4272 MOUNT TAMBORINE $380 19 $380 21

HO

USE PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

146

787

1529

171112

722

1401

164

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


DEC 13 MAR 14


908 939

362

14

973 972

409

18

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




115

517

418

6570

480 490

77

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


DEC 13 MAR 14


101

394

278

3381

437

311

31

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


DEC 13 MAR 14


146

42

10

156

217

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



186155

49

143170

58

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



172

368

159

48

11

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



21

73

2721

51

24

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



192 187

48

187 184

56

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



53

118

4253

114

40

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



178

80

30

144

78

30

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



297

155

43

288

163

39

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



HO

USE PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

47

294

560

314

44

330

651

371

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



132 132

7936

182207

99

43

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




204

380

292

192235

447391

241

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



74

187

132

7979

181164

109

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



17

9

2

18

9

0

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



142

3113

135

55

15

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



18

10

1

18

9 10

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



23 3

5 5

7

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



3327 25

42

32

15

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



89

6

9

6

9

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



12 12 11

7

11

17

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



37 34

7

4236

14

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



LAN

D PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

16

32 28

1013

59

38

9

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



220

4914 7

243

5321 5

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




45

24

3 6

64

26

5 6

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



40

2112

4

50

2015

10

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



25

0 0

30

1 1

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



57

4 3

62

81

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



41

3 0

42

1 2

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



25

2 2

14

1 0

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



14

7

0

25

7

1

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



40

3 0

29

1 0

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



25

2 2

36

70

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



40

2 4

44

4 1

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


DEC 13 MAR 14



POSTCODE LOCALITIES MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS



GOLD COAST CITY $360 2771 $350 2772

4209 COOMERA $285 8 $280 6

4210 OXENFORD $295 21 $295 21

4211 ADVANCETOWN $330 44 $365 55

4212 HELENSVALE $390 52 $380 61

4214 ARUNDEL $216 27 $295 20

4215 LABRADOR $350 704 $340 623

4216 PARADISE POINT $350 218 $340 185

4217 BENOWA $400 603 $400 651

4218 BROADBEACH $360 321 $345 369

4220 BURLEIGH HEADS $380 195 $360 210

4221 ELANORA $310 151 $310 171

4223 CURRUMBIN $365 39 $325 30

4224 TUGUN $340 58 $280 40

4225 BILINGA $330 120 $310 111


4227 REEDY CREEK $370 151 $370 131

SCENIC RIM REGIONAL $216 42 $215 31

4272 MOUNT TAMBORINE $265 6 N.A. 2

4285 ALLENVIEW $210 26 $200 24

GOLD COAST CITY $380 1135 $370 1281

4208 BURNSIDE $370 14 $365 23

4209 COOMERA $355 160 $345 174

4210 OXENFORD $350 13 $340 19

4211 ADVANCETOWN $365 202 $355 228

4212 HELENSVALE $420 42 $400 31

4213 BONOGIN $385 27 $360 42

4214 ARUNDEL $365 52 $360 55

4215 LABRADOR $380 133 $390 149

4216 PARADISE POINT $370 78 $360 96

4217 BENOWA $450 52 $420 52

4218 BROADBEACH $400 25 $395 26

4220 BURLEIGH HEADS $395 35 $400 45

4221 ELANORA $380 32 $350 22

4223 CURRUMBIN $360 10 $365 13

4224 TUGUN $430 28 $430 34


4227 REEDY CREEK $420 77 $410 97


RENTAL MARKET - 3 BED TOWNHOUSES

19


MARCH QUARTER 2014

Local agents also report improving conditions in the prestige market, with some top sales being recorded in suburbs such as East Toowoomba. The suburb’s median house price increased 6.4 per cent to $415,000, making it the third most expensive for the quarter.

UNIT & TOWNHOUSE MARKET

Like other parts of SEQ, the Toowoomba unit and townhouse market has begun to find momentum, with preliminary sales numbers continuing to trend upwards, with the region recording its fifth consecutive quarterly increase.

The sub-$250,000 price bracket continues to be the most popular amongst buyers, most notably investors.

Top performing suburbs over the quarter included Kearneys Springs and South Toowoomba which both recoded an increase in activity compared to the December quarter.

RENTAL MARKET

Of the major regional centres, outside of the Tourism Centres, Toowoomba’s rental market is the only one to continue to experience tight conditions. In Toowoomba the vacancy rate remains at record lows.

At the end of March the vacancy rate was little changed since December, up 0.1 percentage points to 1.4 per cent.

With such consistent demand for rental property, local agents expect investor interest, most notable from interstate to pick up in the next 12 months.

Despite continued tight rental conditions, median weekly rents are yet to increase significantly, with three bedroom houses recording an increase of just $10 to $300 per week over the March quarter.

Following a strong December quarter, the Toowoomba property market saw consistent sales numbers for the house market, while the unit and townhouse market continued in its stride.

Outside of metropolitan Brisbane, Toowoomba is currently the fastest selling region with average days on market over the 12 months to February for houses coming down 16 days to 71 and units & townhouses down an impressive 32 days to 75.

Toowoomba is also currently leading the way with the percentage of profit making sales over the past year. According to statistics from RP data, 95 per cent of houses and 92 per cent of units and townhouses sold for a profit over the 12 months to February – both results the highest for the state.

According to local agents, a steady stream of new listings was coming online to meet the growing demand for quality stock.

HOUSE MARKET

Over the March quarter, Toowoomba’s median house price eased 1.2 per cent to $325,000 with preliminary sales numbers also easing 2 per cent, compared to the December quarter.

Over the 12 months to March however, Toowoomba recorded the highest increase in house sales activity, up 18 per cent, with an increase of 8.2 per cent in the median sale price for the year – also the top result for all major local government areas.

According to local agents, while there had been a slight softening at the upper end of the market, houses priced below $500,000 were being snapped up quickly. Over the March quarter, the busiest segment of the market was reportedly the $350,000 to $450,000 price bracket.

This was reflected in the REIQ’s price point data which showed the $350,000 to $500,000 price point the only one to record an increase in activity.

The most popular type of properties, local agents say, are the four-bedroom, two-bathroom, double garage style houses, which are favoured by both investors and renters.

Top performing suburbs to record the highest increase in sales activity over the year include Centenary Heights, Middle Ridge and Newtown.

TOOWOOMBA

HO

USE PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

146

787

1529

171112

722

1401

164

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


DEC 13 MAR 14


908 939

362

14

973 972

409

18

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




115

517

418

6570

480 490

77

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


DEC 13 MAR 14


101

394

278

3381

437

311

31

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


DEC 13 MAR 14


146

42

10

156

217

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



186155

49

143170

58

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



172

368

159

48

11

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



21

73

2721

51

24

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



192 187

48

187 184

56

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



53

118

4253

114

40

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



178

80

30

144

78

30

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



297

155

43

288

163

39

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



HO

USE PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

47

294

560

314

44

330

651

371

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



132 132

7936

182207

99

43

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




204

380

292

192235

447391

241

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



74

187

132

7979

181164

109

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



17

9

2

18

9

0

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



142

3113

135

55

15

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



18

10

1

18

9 10

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



23 3

5 5

7

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



3327 25

42

32

15

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



89

6

9

6

9

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



12 12 11

7

11

17

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



37 34

7

4236

14

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



LAN

D PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

16

32 28

1013

59

38

9

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



220

4914 7

243

5321 5

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




45

24

3 6

64

26

5 6

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



40

2112

4

50

2015

10

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



25

0 0

30

1 1

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



57

4 3

62

81

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



41

3 0

42

1 2

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



25

2 2

14

1 0

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



14

7

0

25

7

1

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



40

3 0

29

1 0

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



25

2 2

36

70

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



40

2 4

44

4 1

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


DEC 13 MAR 14




TOOWOOMBA (LGA) 101 $270,000 2.7% $270,000 5.9% 21.6%

CENTENARY HEIGHTS 7 N/A N/A $322,500 2.1% N/A

EAST TOOWOOMBA ~ t 11 $243,000 -21.6% $237,000 3.7% 12.3%

HARRISTOWN ~ t 10 $251,000 N/A $263,000 N/A N/A

KEARNEYS SPRING 13 $281,500 N/A $285,000 7.5% 19.7%

NEWTOWN 8 N/A N/A $237,000 0.0% 11.5%

RANGEVILLE 8 N/A N/A $319,000 10.0% 17.3%

SOUTH TOOWOOMBA 11 $272,000 N/A $265,000 N/A N/A

TOOWOOMBA CITY 4 N/A N/A $300,000 N/A 36.4%

WILSONTON 6 N/A N/A $241,000 -0.4% 8.3%

SURROUNDS

WESTERN DOWNS (LGA) 11 N/A N/A $357,000 2.7% N/A

CHINCHILLA 6 N/A N/A $357,000 9.0% N/A

TOOWOOMBA (LGA) 526 $325,000 -1.2% $324,000 8.2% 23.4%

TOOWOOMBA (LGA) ^ ~ 102 $520,000 8.8% $472,500 8.6% 23.4%

CAMBOOYA 4 N/A N/A $250,000 N/A N/A

CENTENARY HEIGHTS 21 $337,000 -0.9% $335,000 8.9% 21.8%

CLIFTON 3 N/A N/A $197,500 N/A 8.4%

COTSWOLD HILLS ^ 4 N/A N/A $525,000 N/A N/A

CROWS NEST 11 $235,000 N/A $245,000 -3.9% 25.6%

DARLING HEIGHTS 24 $324,000 -0.6% $323,000 5.9% 19.1%

EAST TOOWOOMBA 22 $415,000 6.4% $395,000 11.9% 10.5%

GLENVALE 13 $339,000 1.3% $338,000 0.9% 19.0%

GLENVALE ^ 1 N/A N/A $490,000 -6.7% 12.6%

GOWRIE JUNCTION ^ ~ 8 N/A N/A $417,000 N/A 41.4%

HARLAXTON ~ 11 $290,000 26.1% $270,000 12.0% 18.0%

HARRISTOWN ~ 40 $299,100 -7.4% $299,550 13.3% 26.4%

HIGHFIELDS 9 N/A N/A $457,250 3.9% 17.2%

HIGHFIELDS ^ ~ * 29 $497,500 3.4% $500,000 9.9% 26.6%

HODGSON VALE ̂ 5 N/A N/A $535,000 11.5% N/A

KEARNEYS SPRING 31 $345,000 -4.2% $350,000 5.4% 24.0%

KINGSTHORPE 7 N/A N/A $272,500 8.1% 25.6%

KLEINTON 5 N/A N/A $446,000 N/A N/A

MERINGANDAN WEST 10 $370,000 N/A $369,500 N/A N/A

MERINGANDAN WEST ^ 2 N/A N/A $325,000 4.3% 10.6%

MIDDLE RIDGE 26 $453,500 -1.1% $461,000 3.6% 17.2%

MIDDLE RIDGE ^ 5 N/A N/A $735,000 10.1% N/A

MOUNT LOFTY ~ 20 $414,500 11.7% $365,000 9.0% 8.3%

NEWTOWN 65 $299,500 7.3% $280,000 9.8% 21.7%

NORTH TOOWOOMBA ~ 17 $319,000 29.7% $283,750 6.7% 23.4%

OAKEY 12 $205,750 N/A $221,400 14.1% 13.8%

PITTSWORTH 11 $257,500 N/A $273,750 7.4% 19.0%

RANGEVILLE 34 $377,500 2.0% $385,000 6.1% 14.2%

ROCKVILLE ~ 18 $295,000 15.2% $252,000 2.0% 12.0%

SOUTH TOOWOOMBA 19 $300,000 1.0% $295,000 12.8% 18.0%

TOOWOOMBA CITY ~ 12 $323,500 N/A $316,250 17.1% 23.5%

WESTBROOK 22 $430,000 N/A $429,000 7.3% 17.5%

WILSONTON 17 $325,000 5.9% $291,000 5.4% 20.1%

WILSONTON HEIGHTS 14 $282,500 -4.2% $272,000 2.3% 20.9%

SURROUNDS

GOONDIWINDI (LGA) 18 $259,000 5.7% $228,000 6.0% 1.1%

GOONDIWINDI ~ 11 $375,000 50.0% $280,000 5.7% 11.1%

SOUTHERN DOWNS (LGA) 53 $260,000 4.0% $248,000 10.2% 10.2%

SOUTHERN DOWNS (LGA) ^ 20 $315,000 0.0% $300,600 0.2% 1.4%

STANTHORPE 8 N/A N/A $229,250 1.9% 5.2%

WARWICK 34 $275,000 10.0% $255,000 10.9% 10.9%

WESTERN DOWNS (LGA) 35 $270,000 -14.7% $294,000 -5.2% 27.8%

WESTERN DOWNS (LGA) ^ ~ 17 $309,500 N/A $430,000 16.2% 46.8%

CHINCHILLA ~ Y 12 $348,500 -5.3% $347,000 -9.9% 40.1%

DALBY ^ 8 N/A N/A $460,000 2.2% 20.1%

DALBY ~ 15 $267,000 -7.9% $265,000 6.0% 10.4%

MILES 3 N/A N/A $372,000 6.3% N/A




MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE

TOOWOOMBA (LGA) ~ 43 $172,000 11.0% $154,000 -2.2% 54.0%

TOOWOOMBA (LGA) ^ ~ 16 $190,000 15.2% $175,000 20.7% 25.0%

GLENVALE * 1 N/A N/A $170,000 6.3% 70.0%

GOWRIE JUNCTION ^ 4 N/A N/A $163,000 8.7% N/A

HODGSON VALE ^ * 2 N/A N/A $180,000 N/A N/A

KLEINTON * 15 $182,500 N/A $151,000 -1.6% N/A

MIDDLE RIDGE 2 N/A N/A $210,000 6.6% 22.1%

WESTBROOK * 1 N/A N/A $154,000 1.3% 56.7%

SURROUNDS

SOUTHERN DOWNS (LGA) 6 N/A N/A $79,000 4.8% -1.3%

WESTERN DOWNS (LGA) 8 N/A N/A $152,000 0.0% 56.7%

WESTERN DOWNS (LGA) ^ ~ * 5 N/A N/A $130,000 -3.7% 33.3%

CHINCHILLA * 4 N/A N/A $150,000 3.5% 66.7%

DALBY ^ * 1 N/A N/A $120,000 4.3% 14.3%

MILES 2 N/A N/A $200,000 8.1% N/A

TOOWOOMBA REGIONAL $300 710 $290 662

4350 KEARNEYS SPRING $310 549 $295 515

4352 AMIENS $325 29 $335 28

4354 DOUGLAS $240 7 $230 8

4355 ANDURAMBA $260 15 $260 9

4356 PITTSWORTH $260 23 $265 25

4357 BRINGALILY $270 5 $250 8

4359 ASCOT $250 8 $225 5

4361 BACK PLAINS $220 7 $200 8

4400 KINGSTHORPE $260 7 $260 5

4401 ACLAND $270 35 $260 34

4614 NEUMGNA $215 10 $200 8

GOONDIWINDI REGIONAL $270 37 $255 40

4385 BEEBO $200 5 $170 11

4387 BRUSH CREEK $200 5 N.A. 3

4390 BILLA BILLA $290 27 $290 25

SOUTHERN DOWNS REGIONAL $255 148 $250 162

4362 ALLORA $265 11 $250 10

4370 ALLAN $260 89 $250 92

4380 AMIENS $250 35 $250 39

WESTERN DOWNS REGIONAL $330 140 $325 163

4405 BLAXLAND $310 78 $300 90

4413 BAKING BOARD $410 32 $400 45

4415 MILES $400 15 $400 8

4419 COCKATOO $600 5 $650 11


4350 KEARNEYS SPRING $250 385 $230 344

4356 PITTSWORTH $180 5 N.A. 1

4401 ACLAND $170 6 $210 13

GOONDIWINDI REGIONAL $180 35 $180 28

4390 BILLA BILLA $180 31 $180 27

SOUTHERN DOWNS REGIONAL $200 68 $200 68

4362 ALLORA $210 5 $180 5

4370 ALLAN $200 51 $205 43

4380 AMIENS $195 12 $185 19

WESTERN DOWNS REGIONAL $270 58 $260 62

4405 BLAXLAND $250 39 $220 31

4413 BAKING BOARD $380 18 $390 24


4350 KEARNEYS SPRING $310 28 $282 25

WESTERN DOWNS REGIONAL N.A. 6 N.A. 3

4413 BAKING BOARD $480 5 N.A. 1




MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE




21


MARCH QUARTER 2014


Like the house market, the region’s unit and townhouse market is also gaining momentum, with preliminary sales numbers for the quarter up a strong 11 per cent on the December quarter.

According to local agents, demand for top end units is increasing, with owner-occupiers the most prominent. This was evident in the increase in the sales activity for both the $350,000-plus and $500,000-plus price brackets.

Units located in beachside suburbs were most popular with the upper end sales in the suburbs of Noosa Heads, Coolum Beach and Mooloolaba resulting in top increases in their median unit sale price.

Investors are said to be attracted to the affordable end of the market, with a small increase in activity in the sub-$250,000 price point recorded over the March quarter.

RENTAL MARKET

On the Sunshine Coast, where vacancy rates still remain very tight, local agents report an increase in investors off-loading properties, with many being bought by owner occupiers, further restricting overall supply levels.

The Maroochy and Noosa areas remain at all-time lows with vacancies below 1 per cent, while Caloundra saw its vacancy rate tighten further to 1.3 per cent.

With a number of key developments for the region, such as Oceanside Kawana Health Precinct, which includes the new university hospital that opened in December, the redevelopment of the Maroochydore City Centre and the Sunshine Coast Airport expansion, local agents anticipate more investors will be attracted to the region.

The Sunshine Coast residential sales market continues to go from strength to strength with its fourth consecutive quarter of increased sales activity for houses and third quarterly increase for units and townhouses.

Days on market have come down 17 days for all dwelling sales and average vendor discounting has also improved significantly compared to 12 months ago.

Local agents say there is solid and consistent sales activity in the local property markets. While second home buyers are the most prominent, investors and first home buyers have reportedly becoming more active since the start of the year.

HOUSE MARKET

Over the March quarter, the Sunshine Coast region continued to record increasing sales activity with an increase of 4 per cent in preliminary sales numbers and a healthy increase of 2 per cent in its median house price.

According to local agents, the strongest demand is for houses priced in the sub-$700,000 to $750,000 and properties in that price bracket are getting snapped up in as little as three days.

Owner-occupiers continue to be the prominent buyer type with strong demand for properties within close proximity to beaches and family-friendly ameties, such as parks, schools and shopping centres.

Top performing suburbs include Peregian Springs and Coolum Beach which both posted the top two increases in preliminary sales numbers. The suburb of Buderim continues to be the most popular with 107 preliminary house sales recorded for the quarter. The suburb also recorded the highest increase in activity for the 12 months ending March.

Prestige home sales were also up, particularly in the suburb of Sunshine Beach, where 7 or the 9 preliminary sales recorded sold for in excess of one million dollars. Over the year to March, the median house price for the suburb breached the million dollar mark.

Local agents also report that properties going to auction are attracting healthy interest from bidders and multiple offers for some properties is becoming an increasing trend.

SUNSHINE COAST

HO

USE PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

47

294

560

314

44

330

651

371

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



132 132

7936

182207

99

43

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




204

380

292

192235

447391

241

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



74

187

132

7979

181164

109

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



17

9

2

18

9

0

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



142

3113

135

55

15

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



18

10

1

18

9 10

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



23 3

5 5

7

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



3327 25

42

32

15

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



89

6

9

6

9

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



12 12 11

7

11

17

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



37 34

7

4236

14

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



HO

USE PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

146

787

1529

171112

722

1401

164

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


DEC 13 MAR 14


908 939

362

14

973 972

409

18

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




115

517

418

6570

480 490

77

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


DEC 13 MAR 14


101

394

278

3381

437

311

31

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


DEC 13 MAR 14


146

42

10

156

217

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



186155

49

143170

58

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



172

368

159

48

11

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



21

73

2721

51

24

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



192 187

48

187 184

56

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



53

118

4253

114

40

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



178

80

30

144

78

30

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



297

155

43

288

163

39

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





SUNSHINE COAST (LGA) 924 $465,000 2.0% $458,500 4.9% 1.9%

SUNSHINE COAST (LGA) ^ ~ 169 $550,000 8.9% $533,000 1.5% -8.1%

ALEXANDRA HEADLAND 8 N/A N/A $658,750 4.6% -13.0%

AROONA ~ 15 $457,500 11.6% $435,000 1.2% 2.4%

BATTERY HILL 7 N/A N/A $420,500 13.8% 5.1%

BEERWAH 23 $380,000 -2.6% $375,000 1.4% -2.8%

BLACK MOUNTAIN ^ 3 N/A N/A $502,250 -2.0% N/A

BLI BLI ~ 28 $392,000 -11.3% $408,500 10.1% 7.5%

BUDDINA ~ 12 $500,000 -10.7% $552,500 12.5% -6.2%

BUDERIM 107 $517,250 -1.1% $515,000 6.2% 0.0%

BUDERIM ^ ~ 5 N/A N/A $780,000 8.9% -16.6%

BURNSIDE 8 N/A N/A $350,000 4.0% -2.8%

CALOUNDRA WEST 18 $400,000 -3.6% $405,000 6.6% -2.4%

COES CREEK 6 N/A N/A $365,000 5.4% -3.1%

COOLUM BEACH ~ f 33 $480,000 13.6% $457,000 7.5% -6.7%

COOROIBAH ^ 7 N/A N/A $555,000 -6.1% N/A

COOROY 5 N/A N/A $390,000 0.0% N/A

CURRIMUNDI 26 $432,000 -1.8% $432,000 9.7% -0.7%

DOONAN ^ 6 N/A N/A $625,000 -4.6% -6.0%

EUMUNDI ^ ~ 5 N/A N/A $659,500 13.7% N/A

GLASS HOUSE MOUNTAINS 11 $401,250 4.2% $390,000 2.6% -5.1%

GLASS HOUSE MOUNTAINS ^ 8 N/A N/A $410,000 -0.6% N/A

GLENVIEW ^ ~ 5 N/A N/A $570,000 14.0% -5.0%

GOLDEN BEACH 28 $449,000 8.6% $424,000 3.9% -2.6%

KULUIN 9 N/A N/A $381,150 5.9% -4.0%

LAKE MACDONALD ^ 2 N/A N/A $485,000 5.4% 5.0%

LANDSBOROUGH 5 N/A N/A $362,000 N/A 2.0%

LANDSBOROUGH ^ ~ 2 N/A N/A $437,500 1.2% -10.7%

LITTLE MOUNTAIN 27 $445,000 1.1% $452,750 5.3% -0.7%

MALENY 2 N/A N/A $420,000 6.3% 0.0%

MALENY ^ 5 N/A N/A $567,500 4.1% 4.1%

MAPLETON 9 N/A N/A $375,000 N/A N/A

MARCOOLA 8 N/A N/A $476,500 -7.5% 5.9%

MAROOCHY RIVER ^ 2 N/A N/A $570,000 8.6% N/A

MAROOCHYDORE 30 $434,000 -1.4% $455,000 5.8% 5.1%

MERIDAN PLAINS 9 N/A N/A $455,000 N/A -2.2%

MINYAMA 8 N/A N/A $742,500 -2.3% 3.1%

MOFFAT BEACH ~ 6 N/A N/A $575,000 19.4% 7.5%

MOOLOOLABA 23 $615,000 6.0% $547,500 -3.3% 5.0%

MOOLOOLAH VALLEY 12 $396,000 N/A $387,000 N/A 1.0%

MOOLOOLAH VALLEY ^ ~ 3 N/A N/A $484,000 -9.5% -15.1%

MOUNT COOLUM ~ 17 $445,000 -27.6% $457,000 4.7% -3.8%

MOUNTAIN CREEK 28 $480,000 -9.0% $490,000 4.8% 3.2%

MUDJIMBA 7 N/A N/A $537,000 N/A 11.9%

NAMBOUR 37 $325,000 1.6% $322,500 3.5% -4.0%

NOOSA HEADS 9 N/A N/A $640,000 -6.7% -5.2%

NOOSAVILLE ~ 22 $525,000 -9.9% $680,000 -2.2% -2.9%

PACIFIC PARADISE 9 N/A N/A $367,500 10.0% -0.7%

PALMWOODS 19 $428,000 2.0% $418,000 7.2% -5.0%

PALMWOODS ^ 3 N/A N/A $640,000 8.5% -3.5%

PARREARRA ~ f 17 $605,000 19.3% $540,000 3.8% 5.9%

PELICAN WATERS 26 $609,000 -5.2% $596,000 0.2% 1.0%

PEREGIAN BEACH ~ f 13 $508,750 -15.9% $597,500 6.7% -2.4%

PEREGIAN SPRINGS 31 $565,000 6.6% $556,000 6.9% -0.3%

POMONA ^ 9 N/A N/A $470,000 5.6% -5.9%

SIPPY DOWNS 33 $430,000 4.0% $415,000 3.8% -2.4%

SUNRISE BEACH ~ f 16 $810,000 35.0% $615,000 7.0% 3.4%

SUNSHINE BEACH ~ f 9 N/A N/A $1,075,000 46.3% 41.9%

TEWANTIN 33 $430,000 -3.4% $417,500 4.4% -5.1%

TWIN WATERS 18 $655,000 5.2% $657,500 12.0% 2.7%

WARANA 14 $485,685 N/A $500,000 11.6% 4.2%

WITTA ^ 10 $590,000 N/A $510,000 5.4% -6.3%

WOOMBYE 10 $372,000 N/A $364,750 -4.0% -6.7%

WURTULLA 17 $436,000 0.5% $437,500 9.4% 8.0%

YANDINA 4 N/A N/A $332,500 N/A N/A

YAROOMBA 9 N/A N/A $508,500 9.4% 8.2%

SUNSHINE COAST (LGA) 95 $245,000 0.4% $235,000 -1.7% 2.2%

SUNSHINE COAST (LGA) ^ 22 $276,250 -1.3% $297,000 8.0% -5.7%

BLI BLI * 4 N/A N/A $228,500 6.9% N/A

BUDERIM ~ * 5 N/A N/A $277,150 -10.5% 10.0%

BURNSIDE 3 N/A N/A $149,250 N/A -14.0%

CALOUNDRA WEST ~ 1 N/A N/A $178,415 1.5% -22.4%

COOLUM BEACH 0 N/A N/A $252,500 N/A N/A

DOONAN ^ * 4 N/A N/A $325,000 N/A N/A

LITTLE MOUNTAIN 6 N/A N/A $225,000 3.2% -11.7%

MAROOCHYDORE ~ * 1 N/A N/A $200,000 -13.4% N/A

MOUNTAIN CREEK 3 N/A N/A $250,000 -1.7% 11.1%

NOOSAVILLE 5 N/A N/A $285,000 -1.7% -0.2%

PELICAN WATERS 7 N/A N/A $327,500 9.2% -3.7%

PEREGIAN SPRINGS 9 N/A N/A $230,000 -6.1% -16.4%

SIPPY DOWNS 4 N/A N/A $213,500 N/A 8.7%

YANDINA 6 N/A N/A $184,500 N/A N/A



MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE



MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE


SUNSHINE COAST (LGA) 581 $361,000 6.2% $341,500 -1.6% -2.4%

ALEXANDRA HEADLAND 27 $330,000 9.1% $322,500 9.8% 3.4%

BIRTINYA 13 $415,000 7.8% $400,000 -14.9% N/A

BUDDINA 4 N/A N/A $360,000 N/A -23.9%

BUDERIM 31 $388,000 0.9% $385,500 2.0% 12.2%

CALOUNDRA 33 $358,000 8.5% $349,000 -5.4% -10.5%

CALOUNDRA WEST 4 N/A N/A $310,000 3.8% 3.7%

COOLUM BEACH ~ f 19 $360,000 16.1% $345,000 0.0% -2.0%

CURRIMUNDI 11 $349,000 N/A $341,000 5.1% -0.7%

GOLDEN BEACH 23 $383,750 2.9% $346,500 7.9% -3.8%

KINGS BEACH ~ f 27 $313,000 -16.5% $323,750 -4.8% -19.1%

KUNDA PARK 4 N/A N/A $307,250 N/A N/A

MARCOOLA ~ f 12 $257,500 -23.7% $308,000 -6.7% 2.2%

MAROOCHYDORE 81 $357,500 2.7% $355,000 7.6% 3.8%

MINYAMA 6 N/A N/A $286,000 -1.0% -3.1%

MOOLOOLABA ~ f 47 $411,500 23.9% $345,000 1.5% -0.1%

MOUNT COOLUM * t 23 $265,000 -5.4% $257,500 -22.0% -23.8%

MOUNTAIN CREEK 9 N/A N/A $370,000 -1.3% N/A

NAMBOUR 4 N/A N/A $265,000 6.0% 4.3%

NOOSA HEADS ~ f 44 $508,750 10.6% $455,000 -5.7% -27.2%

NOOSAVILLE 35 $382,500 6.3% $345,000 -1.4% -2.8%

PARREARRA 7 N/A N/A $405,000 11.0% -12.0%

PELICAN WATERS 4 N/A N/A $449,000 1.5% 2.0%

PEREGIAN BEACH 6 N/A N/A $377,500 2.0% -17.8%

PEREGIAN SPRINGS 15 $248,000 N/A $237,000 -30.8% -37.6%

SIPPY DOWNS 7 N/A N/A $310,500 -0.5% 59.2%

SUNRISE BEACH 9 N/A N/A $320,000 -11.1% -5.6%

SUNSHINE BEACH 8 N/A N/A $464,000 -14.9% -27.5%

TEWANTIN 6 N/A N/A $285,000 -3.7% -10.9%

TWIN WATERS 6 N/A N/A $477,500 N/A N/A

WARANA 8 N/A N/A $313,000 7.9% 1.0%

WURTULLA 1 N/A N/A $281,500 -23.4% N/A

LAN

D PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

16

32 28

1013

59

38

9

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



220

4914 7

243

5321 5

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




45

24

3 6

64

26

5 6

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



40

2112

4

50

2015

10

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



25

0 0

30

1 1

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



57

4 3

62

81

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



41

3 0

42

1 2

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



25

2 2

14

1 0

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



14

7

0

25

7

1

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



40

3 0

29

1 0

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



25

2 2

36

70

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



40

2 4

44

4 1

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


DEC 13 MAR 14


23


MARCH QUARTER 2014

SUNSHINE COAST (NEW) $400 762 $380 864

4518 GLASS HOUSE MOUNTAINS $350 7 $355 6

4519 BEERWAH $350 23 $330 23

4550 LANDSBOROUGH $350 15 $320 25

4551 AROONA $400 131 $380 160

4552 BALD KNOB $355 27 $350 20

4553 PALMVIEW $370 14 $350 11

4555 CHEVALLUM $350 8 $345 18

4556 BUDERIM $420 87 $390 91

4557 MOOLOOLABA $410 55 $400 49

4558 MAROOCHYDORE $400 49 $370 42

4559 DIDDILLIBAH $370 11 $350 15

4560 BLI BLI $350 82 $345 104

4561 BRIDGES $370 12 $360 22

4562 BELLI PARK $400 16 $375 18

4564 MARCOOLA $420 34 $380 45

4572 ALEXANDRA HEADLAND $390 8 $440 7

4573 COOLUM BEACH $420 72 $415 78

4574 COOLABINE $275 5 N.A. 4

4575 BIRTINYA $420 101 $390 121

NOOSA SHIRE (NEW) $395 140 $380 142

4565 BOREEN $390 52 $375 44

4566 NOOSAVILLE $460 11 $385 11

4567 CASTAWAYS BEACH $450 39 $435 37

4563 BLACK MOUNTAIN $360 16 $370 23

4568 FEDERAL $350 14 $350 19

4569 COORAN $320 6 $300 6


4551 AROONA $310 157 $305 159

4552 BALD KNOB $275 6 N.A. 2

4556 BUDERIM $310 44 $315 49

4557 MOOLOOLABA $315 88 $300 117

4558 MAROOCHYDORE $350 175 $320 173

4559 DIDDILLIBAH $280 10 $280 7

4560 BLI BLI $240 53 $235 56

4561 BRIDGES $240 9 $260 9

4564 MARCOOLA $355 56 $330 75

4572 ALEXANDRA HEADLAND $350 73 $345 75

4573 COOLUM BEACH $330 68 $310 87

4575 BIRTINYA $350 107 $390 109

NOOSA SHIRE (NEW) $350 106 $340 99

4565 BOREEN $290 7 $290 11

4566 NOOSAVILLE $330 29 $330 30

4567 CASTAWAYS BEACH $370 66 $350 53


4519 BEERWAH $310 7 $330 6

4551 AROONA $380 25 $370 17

4556 BUDERIM $380 28 $390 41

4557 MOOLOOLABA $400 21 $410 24

4558 MAROOCHYDORE $355 24 $330 27

4560 BLI BLI $320 13 $350 12

4564 MARCOOLA $400 8 $390 20

4573 COOLUM BEACH $425 24 $410 19

4575 BIRTINYA $450 10 $375 5

NOOSA SHIRE (NEW) $450 20 $475 23

4566 NOOSAVILLE $550 10 $400 8

4567 CASTAWAYS BEACH $450 7 $520 12






FRASER COASTOver the March quarter 2014 the Fraser Coast residential property market recorded an increase in activity in both the house and unit sales markets. Both sectors had previously seen a drop off in activity over the December quarter, however the first three months of the year saw the region return to buoyant market conditions.

HOUSE MARKET

The median house price for the quarter recorded a healthy 2.9 per cent increase, while the unit and townhouse median was up 22.7 per cent on the back of strong sales in the prestige waterfront market.

According to local real estate agents, investor activity is up with strong demand for well-priced properties, a sign that confidence has returned to the local market. With confidence improving, properties listed for sale a spending less time on the market.

Average days on market over the last 12 months have improved slightly compared to the previous 12 months, however local agents say the time spent on the market over recent months has come down significantly more.

Vendor discounting has also improved with the average up 0.9 percentage points for houses and up 1.4 percentage points for units.

First home buyers are also reportedly back in the market, finding that now is the right time to buy with the low interest rates and improving market confidence. Local agents say house and land packages in particular have been popular with first home buyers.

Houses within the sub-$350,000 price bracket remain the most popular, however there was a steady increase in sales numbers in the $350,000-plus and $500,000-plus price points.

Stand out suburbs over the quarter include Hervey Bay’s Pialba and Torquay with sales numbers up compared to the December quarter. Maryborough also recorded an increase in sales as well as a healthy increase of 2.5 per cent in its median house price.

Overall, the Fraser Coast house market saw a steady increase of 2 per cent in preliminary sales activity.

HO

USE PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

146

787

1529

171112

722

1401

164

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


DEC 13 MAR 14


908 939

362

14

973 972

409

18

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




115

517

418

6570

480 490

77

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


DEC 13 MAR 14


101

394

278

3381

437

311

31

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


DEC 13 MAR 14


146

42

10

156

217

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



186155

49

143170

58

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



172

368

159

48

11

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



21

73

2721

51

24

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



192 187

48

187 184

56

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



53

118

4253

114

40

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



178

80

30

144

78

30

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



297

155

43

288

163

39

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





FRASER COAST (LGA) ~ 45 $150,000 -5.4% $146,000 -2.7% -2.7%

FRASER COAST (LGA) ^ ~ 33 $115,000 38.6% $86,500 8.1% -6.7%

GLENWOOD ̂ ~ 13 $69,000 N/A $69,000 -8.0% -13.7%

TOOGOOM ~ f 8 N/A N/A $100,000 N/A -29.7%

URRAWEEN 4 N/A N/A $165,000 3.8% 3.1%

SURROUNDS

GYMPIE (LGA) ~ 15 $90,000 -20.0% $112,000 -6.7% -10.4%

GYMPIE (LGA) ^ 10 N/A N/A $120,000 -1.6% -7.7%

COOLOOLA COVE * f 5 N/A N/A $101,500 N/A -34.1%

CURRA ^ ~ 1 N/A N/A $108,000 -8.5% -6.1%

GYMPIE ~ * 1 N/A N/A $116,500 -10.4% -0.9%

FRASER COAST (LGA) * f 41 $270,000 22.7% $259,000 1.6% -10.7%

PIALBA * f 12 $410,000 N/A $310,000 34.8% 0.6%

SCARNESS 3 N/A N/A $260,000 4.9% -7.1%

TORQUAY 6 N/A N/A $215,000 N/A -25.5%

URANGAN 13 $220,000 -5.2% $280,000 0.0% -17.9%

SURROUNDS

GYMPIE (LGA) 10 N/A N/A $267,000 N/A N/A

RAINBOW BEACH 3 N/A N/A $319,455 N/A N/A

FRASER COAST (LGA) 232 $300,000 2.9% $295,000 3.5% -1.7%

FRASER COAST (LGA) ^ ~ 43 $376,000 5.9% $360,000 -6.5% -6.5%

BOORAL ^ 3 N/A N/A $381,500 4.5% -0.9%

BURRUM HEADS 5 N/A N/A $370,000 2.8% -4.0%

DUNDOWRAN BEACH ^ 5 N/A N/A $522,000 7.4% N/A

ELI WATERS ~ f 12 $357,000 11.6% $319,000 6.3% -3.0%

GLENWOOD ^ ~ 1 N/A N/A $202,500 -11.6% -8.7%

KAWUNGAN 13 $300,000 0.8% $320,000 0.5% -1.5%

MARYBOROUGH ~ 41 $205,000 2.5% $202,500 -3.6% -15.6%

PIALBA 16 $315,000 N/A $288,000 8.7% 4.3%

POINT VERNON ~ 27 $337,500 11.2% $305,000 0.0% -1.3%

RIVER HEADS 5 N/A N/A $265,000 0.0% N/A

SCARNESS 11 $275,000 -1.1% $279,500 8.8% -0.2%

TINANA 12 $302,000 N/A $268,000 -4.3% -9.2%

TINANA ^ ~ 4 N/A N/A $352,500 -9.8% -10.8%

TOOGOOM 7 N/A N/A $285,000 2.0% -13.6%

TORQUAY ~ f 23 $317,500 -10.6% $322,000 5.6% -3.9%

URANGAN 24 $310,000 8.8% $305,000 -0.7% -4.7%

URRAWEEN 12 $343,750 8.1% $331,250 -2.1% -5.4%

SURROUNDS

GYMPIE (LGA) 67 $250,000 0.0% $255,000 -3.1% -9.5%

GYMPIE (LGA) ^ 80 $312,000 -2.8% $320,000 0.0% -8.6%

CARTERS RIDGE ^ 6 N/A N/A $272,000 N/A N/A

CHATSWORTH ^ 1 N/A N/A $386,500 N/A N/A

COOLOOLA COVE ~ * 8 N/A N/A $250,000 -7.4% -19.4%

CURRA ^ 6 N/A N/A $265,000 0.0% -0.3%

GYMPIE 32 $234,500 -0.2% $233,500 -0.6% -13.5%

SOUTHSIDE 9 N/A N/A $308,250 -2.5% -6.4%

SOUTHSIDE ^ 4 N/A N/A $350,000 N/A N/A

TIN CAN BAY 3 N/A N/A $315,000 -1.6% -1.6%

SOUTH BURNETT (LGA) ~ 54 $224,000 14.9% $200,000 -4.8% -9.1%

SOUTH BURNETT (LGA) ^ 27 $240,000 -3.0% $250,000 -2.9% -7.4%

KINGAROY ~ 28 $270,000 29.2% $235,000 -4.1% -5.3%

MURGON 8 N/A N/A $160,000 -3.0% -4.8%

NANANGO ~ 6 N/A N/A $175,000 N/A -16.7%



MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE

FRASER COAST CONTINUED

HO

USE PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

47

294

560

314

44

330

651

371

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



132 132

7936

182207

99

43

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




204

380

292

192235

447391

241

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



74

187

132

7979

181164

109

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



17

9

2

18

9

0

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



142

3113

135

55

15

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



18

10

1

18

9 10

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



23 3

5 5

7

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



3327 25

42

32

15

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



89

6

9

6

9

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



12 12 11

7

11

17

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



37 34

7

4236

14

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



LAN

D PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

16

32 28

1013

59

38

9

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



220

4914 7

243

5321 5

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




45

24

3 6

64

26

5 6

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



40

2112

4

50

2015

10

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



25

0 0

30

1 1

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



57

4 3

62

81

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



41

3 0

42

1 2

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



25

2 2

14

1 0

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



14

7

0

25

7

1

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



40

3 0

29

1 0

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



25

2 2

36

70

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



40

2 4

44

4 1

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


DEC 13 MAR 14





In the unit and townhouse market sales activity was up, most notably in the $350,000-plus bracket. These sales were predominantly recorded in a new waterfront development in Pialba which has been popular with both local and interstate investors.

More infrastructure projects are due to come online in late 2014, which will provide an important boost for the local economy. Projects such as the expanded Stockland shopping centre at Hervey Bay and the new high-tech St Stephen’s Hospital will generate more local jobs as well as improve local amenities for both residents and visitors to the area.

RENTAL MARKET

The Fraser Coast’s rental market saw tighter conditions over the three months to March with local agents reporting steady tenant demand. With a tightening in the vacancy rates for both Hervey Bay and Maryborough, the Fraser Coast overall vacancy rate came in at 2.5 per cent – the lowest on record since the council amalgamations in 2008.

With a significant slowdown in residential development the oversupply conditions seen for some years has finally been absorbed by the steady influx of new residents in the area. Median rents, however, have remained relatively steady.

The lower vacancy rates however are attracting more investors to the region, according to local agents.

25


MARCH QUARTER 2014

FRASER COAST REGIONAL $280 336 $270 329

4650 ALDERSHOT $250 134 $250 122

4655 BOORAL $290 188 $280 192

4659 BEELBI CREEK $250 11 $280 13

GYMPIE REGIONAL $260 211 $255 242

4570 AMAMOOR $260 173 $260 187

4580 COOLOOLA $265 26 $250 38

4601 BARAMBAH $180 7 $180 6

SOUTH BURNETT REGIONAL $240 143 $230 175

4605 BARLIL $225 18 $195 16

4606 CHARLESTOWN $225 13 $215 20

4610 ALICE CREEK $260 75 $245 93

4615 BARKER CREEK FLAT $230 33 $220 34


4650 ALDERSHOT $185 46 $190 53

4655 BOORAL $240 121 $235 135


4570 AMAMOOR $204 49 $200 27

4580 COOLOOLA $225 10 $200 8

4581 EURONG $250 5 $220 9

SOUTH BURNETT REGIONAL $190 48 $190 59

4605 BARLIL $155 8 N.A. 3

4610 ALICE CREEK $200 33 $195 49


4655 BOORAL $320 78 $300 50







BUNDABERGOver the three months to March the Bundaberg property market remained relatively steady, with a slight easing in both house and unit sales activity.

According to local real estate agents, there was strong interstate investor activity at the lower end of the market. This is reflected in both property markets recording a drop in the median sale price compared to the December quarter.

The market is reportedly showing signs of recovery since the floods in 2013, with solid demand for properties impacted by the flood that have since been repaired and coming back onto the market.

Despite sales activity yet to take off, days on market are coming down, with the region now the second fastest selling region outside of SEQ for both houses and units.

Looking forward, local agents believe there’s a solid outlook for growth, particularly given then improvement in days on market and the pipeline of infrastructure investment, including the redevelopment of the Port of Bundaberg.

HOUSE MARKET

Bundaberg’s median house price eased 3.8 per cent to $269,500 over the March quarter, on the back of a small drop in sales activity. The sub-$350,000 price point however continues to perform strongly, with preliminary sales numbers up for the quarter.

According to local agents, low median prices and solid rental yields are attracting more interest from interstate investors.

Top performing suburbs include the suburbs of Avoca and Avenell Heights, which both recorded an increase in sales activity over the quarter. While the suburbs of Bargara and Kepnock, continue to prove the most popular with buyers, recording 20 and 19 preliminary house sales respectively.

Average days on market for the 12 months to February were down 13 days to 84 days compared to the previous 12 months, while average vendor discounting improved slightly to 6.8 per cent.

With confidence slowly returning to the Bundaberg property market, total listings for the year were up by 7 per cent.


Similar to the house market, Bundaberg’s unit and townhouse market saw a small drop in sales activity, with the median sale price also down 3.7 per cent compared to the December quarter.

With subdued market conditions, median prices have softened compared to a year ago, with the annual median price down 3 per cent compared to a year ago and down 2.2 per cent compared to five years ago.

Comparisons of current on the market statistics to a year ago, however, point to improving market conditions with average days on market down 10 days to 109 days. Average vendor discounting was up 0.4 percentage points to 6.1 per cent – now the lowest vendor discounting rate for all major regions outside of SEQ.

RENTAL MARKET

According to the REIQ’s latest residential rental survey, vacancy rates at the end of March remained steady at 4.5 per cent compared to three months earlier.

Local real estate agents say new residential development popular with investors has added to supply levels. Some agents report strong tenant demand with 2 to five applicants per rental listing.

Due to an easing in median sale prices, gross rental yields have improved with Bundaberg houses recording a rate of 5.5 per cent over the March quarter, the highest of all major regional centres outside of SEQ.

Despite the current level of vacancies, median weekly rents from the RTA for the March quarter were up for both three bedroom houses and two bedroom units compared to a year ago.

Days on market are coming down, with the region now the second fastest selling region outside of SEQ for both houses and units



BUNDABERG REGIONAL $285 403 $275 382

4660 ABINGTON $270 18 $255 33

4670 ABBOTSFORD $285 357 $280 325

4671 BOOLBOONDA $260 26 $250 24

NORTH BURNETT REGIONAL $250 46 $220 46

4621 BIGGENDEN $195 6 $195 6

4625 ARANBANGA $260 18 $240 21

4626 BEERON $230 12 $220 7

4630 BANCROFT $230 8 $170 12


4670 ABBOTSFORD $290 11 $300 12

BUNDABERG (LGA) 33 $234,500 -3.7% $242,500 -3.0% -2.2%

BARGARA * f 11 $277,500 N/A $260,000 -16.9% -20.0%

BUNDABERG (LGA) 32 $127,500 4.5% $143,500 -0.3% 5.5%

BUNDABERG (LGA) ^ 12 N/A N/A $139,750 0.7% -0.2%

BARGARA 2 N/A N/A $168,450 8.0% -5.9%

BRANYAN ^ 5 N/A N/A $142,500 3.6% N/A

INNES PARK 6 N/A N/A $119,500 N/A N/A

MOORE PARK BEACH 4 N/A N/A $144,000 0.0% N/A

BUNDABERG (LGA) ~ 200 $269,500 -3.8% $275,000 -3.5% 1.9%

BUNDABERG (LGA) ^ 45 $355,000 -1.7% $345,000 0.4% 6.6%

AVENELL HEIGHTS 17 $283,000 4.8% $284,000 3.3% 2.0%

AVOCA 17 $310,000 N/A $303,750 -2.0% -3.6%

BARGARA 20 $349,000 -1.3% $365,000 -3.0% -3.9%

BRANYAN ^ 7 N/A N/A $393,000 9.2% 10.7%

BUNDABERG EAST ~ 12 $226,750 N/A $260,000 -11.9% -8.0%

BUNDABERG NORTH ~ 10 $210,000 3.7% $174,000 -31.5% -29.0%

BUNDABERG SOUTH ~ 10 $160,000 N/A $210,000 -10.8% -14.5%

BURNETT HEADS 5 N/A N/A $263,000 -2.6% -4.0%

CORAL COVE 4 N/A N/A $390,000 1.7% N/A

ELLIOTT HEADS ~ 4 N/A N/A $294,000 -14.7% 3.2%

INNES PARK 4 N/A N/A $336,000 2.3% 8.0%

KALKIE 6 N/A N/A $352,500 1.0% 4.0%

KEPNOCK 19 $262,250 -1.8% $262,250 -7.1% -2.9%

MILLBANK 2 N/A N/A $256,250 4.6% 5.5%

MOORE PARK BEACH ^ ~ 5 N/A N/A $341,000 -10.8% N/A

NORVILLE 6 N/A N/A $259,000 6.6% 6.9%

SVENSSON HEIGHTS 11 $250,000 -4.0% $260,000 4.0% 4.0%

THABEBAN ~ 10 $251,000 -8.6% $280,000 2.3% 3.7%

WALKERVALE ~ 14 $197,500 -14.5% $235,000 2.2% 4.4%

SURROUNDS

NORTH BURNETT (LGA) 11 N/A N/A $157,500 0.0% 1.6%

NORTH BURNETT (LGA) ^ ~ 7 N/A N/A $200,000 -11.1% N/A



MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE



HO

USE PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

47

294

560

314

44

330

651

371

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



132 132

7936

182207

99

43

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




204

380

292

192235

447391

241

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



74

187

132

7979

181164

109

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



17

9

2

18

9

0

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



142

3113

135

55

15

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



18

10

1

18

9 10

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



23 3

5 5

7

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



3327 25

42

32

15

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



89

6

9

6

9

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



12 12 11

7

11

17

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



37 34

7

4236

14

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



LAN

D PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

16

32 28

1013

59

38

9

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



220

4914 7

243

5321 5

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




45

24

3 6

64

26

5 6

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



40

2112

4

50

2015

10

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



25

0 0

30

1 1

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



57

4 3

62

81

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



41

3 0

42

1 2

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



25

2 2

14

1 0

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



14

7

0

25

7

1

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



40

3 0

29

1 0

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



25

2 2

36

70

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



40

2 4

44

4 1

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


DEC 13 MAR 14






4670 ABBOTSFORD $240 177 $230 175

NORTH BURNETT REGIONAL N.A. 11 N.A. 4

4626 BEERON $250 7 N.A. 1


HO

USE PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

146

787

1529

171112

722

1401

164

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


DEC 13 MAR 14


908 939

362

14

973 972

409

18

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




115

517

418

6570

480 490

77

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


DEC 13 MAR 14


101

394

278

3381

437

311

31

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


DEC 13 MAR 14


146

42

10

156

217

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



186155

49

143170

58

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



172

368

159

48

11

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



21

73

2721

51

24

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



192 187

48

187 184

56

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



53

118

4253

114

40

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



178

80

30

144

78

30

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



297

155

43

288

163

39

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



27


MARCH QUARTER 2014

The residential property market in Gladstone continues to experience slower market conditions with local agents reporting a significant drop off in sales volumes in the wake of a slowdown in the resources sector.

Despite a slower sales market, the percentage of properties selling for a profit is comparable to most other major regions, with more than 80 per cent of vendors achieving a higher sale price than what they originally paid.

The outlook is tipped to remain stable with some residential development still turning over as well as first home buyers becoming more active now that the competition isn’t as high. Local agents however say the economic outlook for the region is strong given the diversity of the Port of Gladstone, and local investors are recognizing this.

HOUSE MARKET

Over the quarter, the Gladstone median house sales price was relatively stable, down just 0.6 per cent. Over the year to March however, the effect of a slowing market is more evident, with the annual median down 7.7 per cent to $420,000, on the back of a significant drop off in sales activity compared to a year ago.

According to local agents, the majority of house sales were occurring in the $350,000 to $450,000 price bracket. REIQ price point data shows around 50 per cent of sales occurring in the $350,000-plus bracket.

Although softer median prices are being recorded, the majority of suburbs in Gladstone recorded a steady or increased median compared to five years ago. The suburbs of Calliope, South Gladstone, West Gladstone, Tannum Sands and Boyne Island all recorded 5-year growth in excess of 10 per cent.

Over the 12 months to February, average days on market for house listings stretched out to 119 days, 10 days longer than 12 months ago. Average vendor discounting likewise has increased, to 9.5 per cent, compared to 7.5 per cent recorded for the previous 12 months.

With softer market conditions and fewer new residential developments coming onto the market, total listings have dropped significantly compared to a year ago, however an oversupply of properties has ultimately lead to softening property prices. Local agents however say there is more recent evidence that house prices flat lined.

GLADSTONEUNIT AND TOWNHOUSE MARKET

Over the year to March, sales activity in the unit and townhouse market was predominantly recorded in the suburbs of Gladstone City and Glen Eden. With a drop off in new unit sales, most notably in Gladstone City, the overall median sale price for the Gladstone region was down 17.8 per cent to $370,000 over the year to March.

Although there were fewer units and townhouses on the market and lower investor activity compared to a year ago, listings are spending longer on the market and vendors are now discounting on average around 10 per cent. This compares to just 5 per cent a year ago.

RENTAL MARKET

In Gladstone, where the vacancy rate peaked in December 2013, the vacancy rate at the end of March was down to 6.4 per cent. Of the REIQ agencies surveyed however, the vacancy rate varied from 4 per cent to as high as 17 per cent

According to local real estate agents a two-tiered rental market was behind the rise in local vacancy rates.

Rental houses in particular are said to be moving very quickly, with estimates that the vacancy rate for houses sits below 3 per cent, with demand strong particularly in the $350 to $450 a week sector. Such rentals are generally being snapped up within two weeks. Units and townhouses on the other hand, according to local real estate agents are taking significantly longer to let.

HO

USE PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

146

787

1529

171112

722

1401

164

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


DEC 13 MAR 14


908 939

362

14

973 972

409

18

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




115

517

418

6570

480 490

77

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


DEC 13 MAR 14


101

394

278

3381

437

311

31

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


DEC 13 MAR 14


146

42

10

156

217

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



186155

49

143170

58

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



172

368

159

48

11

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



21

73

2721

51

24

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



192 187

48

187 184

56

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



53

118

4253

114

40

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



178

80

30

144

78

30

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



297

155

43

288

163

39

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



HO

USE PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

47

294

560

314

44

330

651

371

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



132 132

7936

182207

99

43

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




204

380

292

192235

447391

241

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



74

187

132

7979

181164

109

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



17

9

2

18

9

0

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



142

3113

135

55

15

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



18

10

1

18

9 10

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



23 3

5 5

7

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



3327 25

42

32

15

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



89

6

9

6

9

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



12 12 11

7

11

17

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



37 34

7

4236

14

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



LAN

D P

RIC

EP

OIN

TS - P

RE

LIMIN

AR

Y S

ALE

S N

UM

BE

RS

BY

PR

ICE

RA

NG

E

16

32 28

1013

59

38

9

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



220

4914 7

243

5321 5

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




45

24

3 6

64

26

5 6

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



40

2112

4

50

2015

10

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



25

0 0

30

1 1

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



57

4 3

62

81

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



41

3 0

42

1 2

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



25

2 2

14

1 0

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



14

7

0

25

7

1

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



40

3 0

29

1 0

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



25

2 2

36

70

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



40

2 4

44

4 1

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


DEC 13 MAR 14




According to local agents, the Rockhampton house market remains solid up to about $350,000, with strong competition for properties priced over and above this.

Although conditions in the mining industry have eased, the satellite suburb of Gracemere continues to perform strongly. Over the quarter, sales activity remained steady while the median house price was up 14.7 per cent. Over the 12 months to February, 86 per cent of properties in the suburb sold for a profit.

The Rockhampton overall house median recorded a solid 3 per cent increase over the quarter.

Average days on market are relatively unchanged from a year ago, while vendors over the 12 months to February were on average, discounting at a rate of 7.4 per cent, up slightly from 7.3 per cent recorded the previous 12 months.

Over the March quarter, the Rockhampton residential market continues to record stable market conditions, with local agents reporting strong sales activity at the lower end of the market. The unit and townhouse market in particular benefited from this increased activity, with this segment of the market recording its second quarterly increase in sales activity.

First home buyers are said to be back in the market and seeking affordable properties, with local agents saying this activity is the main driver of local growth in the market at the moment.

HOUSE MARKET

After recording three quarters of stable house sales activity, the March quarter saw preliminary sales numbers ease for the Rockhampton region with the largest drop in activity seen in the sub-$350,000 price point.

Affordable suburbs to perform strongly include Wandal and Park Avenue, with both recording an increase in activity over the quarter.

Sales numbers in the other pricepoints remained relatively steady, with top end sales in the suburb of Koongal seeing the suburb’s median increase 25.6 per cent over the quarter.

ROCKHAMPTON

GLADSTONE (LGA) 18 N/A N/A $370,000 -17.8% 13.0%

GLADSTONE CITY * f 2 N/A N/A $310,000 -36.1% N/A

GLEN EDEN 0 N/A N/A $475,000 -2.1% N/A

GLADSTONE

GLADSTONE (LGA) * 15 $195,000 -6.3% $209,000 -8.7% 16.4%

GLADSTONE (LGA) ^ 12 N/A N/A $212,500 -24.1% 1.2%

BOYNE ISLAND 0 N/A N/A $218,000 -1.8% N/A

CALLIOPE * 2 N/A N/A $205,000 0.0% 39.0%

CLINTON * 1 N/A N/A $183,000 25.3% N/A

KIRKWOOD 4 N/A N/A $244,250 -3.4% 32.0%

NEW AUCKLAND * 1 N/A N/A $230,000 -16.2% N/A

TANNUM SANDS 2 N/A N/A $172,000 N/A N/A

GLADSTONE REGIONAL $350 322 $480 239

4677 AGNES WATER $300 18 $350 20

4680 GLADSTONE $360 296 $500 212

BANANA SHIRE $300 56 $335 48

4715 BILOELA $320 30 $350 27

4718 BAUHINIA $250 17 $290 18


4680 GLADSTONE $400 127 $550 61

4702 ALBERTA $550 12 N.A. 1

4703 ADELAIDE PARK $350 6 $320 7

GLADSTONE (LGA) 111 $417,500 -0.6% $420,000 -7.7% 12.0%

GLADSTONE (LGA) ^ ~ 22 $497,500 -7.9% $522,500 2.0% 30.6%

AGNES WATER ^ 8 N/A N/A $391,500 2.4% N/A

BOYNE ISLAND 10 $430,000 -5.2% $457,500 -5.7% 11.6%

CALLIOPE 6 N/A N/A $434,500 -2.4% 12.9%

CLINTON ~ * 19 $385,000 -2.9% $400,000 -10.6% 5.7%

GLEN EDEN ~ 6 N/A N/A $460,000 -12.4% 2.9%

KIN KORA 4 N/A N/A $395,000 -7.9% 4.6%

KIRKWOOD 6 N/A N/A $523,970 -2.1% N/A

NEW AUCKLAND ~ * 15 $410,000 4.5% $412,500 -13.2% 8.6%

SOUTH GLADSTONE 3 N/A N/A $400,000 -8.0% 14.3%

TANNUM SANDS ~ 13 $510,000 9.7% $469,000 -8.9% 4.2%

TELINA ~ 4 N/A N/A $395,000 -15.9% 1.7%

WEST GLADSTONE 10 $430,000 N/A $388,500 -9.4% 17.2%

SURROUNDS

BANANA (LGA) 14 N/A N/A $265,000 3.2% 1.9%

BILOELA 11 $287,000 0.9% $280,000 -0.5% -1.8%



MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE







4677 AGNES WATER $310 7 N.A. 2

4680 GLADSTONE $300 227 $400 158

BANANA SHIRE $240 20 $260 12

4715 BILOELA $260 15 $265 7


29


MARCH QUARTER 2014


While the house market eased over the quarter, the unit and townhouse market continues to show signs of recovery, with preliminary sales numbers up 10 per cent compared to the December quarter.

Strong sales activity was recorded in the prestige end of the market with sales in the $350,000-plus price point recording solid activity. As a result, the Rockhampton median sale price for the unit market was up 34.2 per cent to $375,000 for the March quarter.

Contributing to this growth were top end unit sales in Yeppoon, where new luxury units with water views were sold. Over the year to March, there were also sales within the new high rise unit developments located in the Rockhampton CBD, which also contributed to the increase of 17.1 per cent in the annual median.

RENTAL MARKET

In Rockhampton, the rental market although still weak, saw an improvement in its vacancy rate, down 1 percentage point to 6 per cent. With a slowdown in the mining industry local agents report an oversupply of rental properties, with most reporting time on market averaging 2-4 weeks with less than 2 applicants per listing.

According to rental statistics from the RTA, Rockhampton’s median weekly rents eased over the March quarter across most rental property types.

In more recent months however, local agents report improving vacancy rates while investors are also returning to the market where they can see value.

HO

USE PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

146

787

1529

171112

722

1401

164

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


DEC 13 MAR 14


908 939

362

14

973 972

409

18

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




115

517

418

6570

480 490

77

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


DEC 13 MAR 14


101

394

278

3381

437

311

31

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


DEC 13 MAR 14


146

42

10

156

217

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



186155

49

143170

58

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



172

368

159

48

11

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



21

73

2721

51

24

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



192 187

48

187 184

56

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



53

118

4253

114

40

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



178

80

30

144

78

30

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



297

155

43

288

163

39

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



HO

USE PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

47

294

560

314

44

330

651

371

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



132 132

7936

182207

99

43

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




204

380

292

192235

447391

241

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



74

187

132

7979

181164

109

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



17

9

2

18

9

0

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



142

3113

135

55

15

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



18

10

1

18

9 10

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



23 3

5 5

7

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



3327 25

42

32

15

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



89

6

9

6

9

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



12 12 11

7

11

17

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



37 34

7

4236

14

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



LAN

D PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

16

32 28

1013

59

38

9

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



220

4914 7

243

5321 5

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




45

24

3 6

64

26

5 6

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



40

2112

4

50

2015

10

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



25

0 0

30

1 1

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



57

4 3

62

81

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



41

3 0

42

1 2

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



25

2 2

14

1 0

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



14

7

0

25

7

1

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



40

3 0

29

1 0

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



25

2 2

36

70

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



40

2 4

44

4 1

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


DEC 13 MAR 14


ROCKHAMPTON (LGA) 275 $329,500 3.0% $320,000 0.0% 5.3%

ROCKHAMPTON (LGA) ^ 46 $465,750 -0.6% $460,000 -1.1% 8.2%

ALLENSTOWN 6 N/A N/A $266,000 -7.2% 15.4%

BERSERKER 23 $248,000 7.6% $250,000 1.6% 2.7%

EMU PARK 2 N/A N/A $311,250 -5.1% -0.4%

FRENCHVILLE 26 $330,000 -4.3% $342,000 0.6% 5.2%

GRACEMERE ^ 7 N/A N/A $497,500 3.8% 4.7%

GRACEMERE ~ 21 $359,000 14.7% $334,450 -1.9% -1.3%

KAWANA 11 $317,000 N/A $318,000 1.0% 7.8%

KOONGAL ~ 11 $339,000 25.6% $270,000 -3.6% 3.8%

LAMMERMOOR ~ * 7 N/A N/A $437,500 -5.1% N/A

MOUNT MORGAN ~ 5 N/A N/A $129,000 -12.5% -0.8%

NORMAN GARDENS 32 $385,000 -5.3% $385,000 -3.8% 1.3%

PARK AVENUE 19 $292,000 3.7% $275,500 2.4% 11.2%

ROCKHAMPTON CITY 4 N/A N/A $215,000 7.5% 2.4%

TARANGANBA 8 N/A N/A $397,000 6.6% 5.9%

THE RANGE 19 $371,000 6.0% $365,000 -1.4% 15.7%

WANDAL ~ 22 $278,000 -9.2% $275,000 -5.2% 0.0%

WEST ROCKHAMPTON 7 N/A N/A $256,000 -1.5% 2.8%

YEPPOON ~ 19 $335,000 -9.2% $370,000 -6.4% 2.8%

ZILZIE 9 N/A N/A $368,500 -5.0% 1.0%

SURROUNDS

CENTRAL HIGHLANDS (LGA) ~ 21 $312,500 -19.9% $370,000 -16.9% 15.6%

EMERALD ^ ~ 3 N/A N/A $605,000 -8.3% 23.5%

EMERALD ~ 16 $320,000 -19.0% $399,000 -12.3% 13.3%

ROCKHAMPTON (LGA) * f 43 $375,000 34.2% $335,000 17.1% 24.1%

BERSERKER 2 N/A N/A $309,000 6.6% N/A

YEPPOON 13 $363,000 N/A $349,649 8.7% 6.0%

SURROUNDS

CENTRAL HIGHLANDS (LGA) 5 N/A N/A N/A N/A N/A

EMERALD * t 4 N/A N/A $325,000 -3.7% 14.0%

ROCKHAMPTON (LGA) ~ 30 $179,500 -0.2% $169,000 14.2% 19.0%

ROCKHAMPTON (LGA) ^ 13 N/A N/A $225,000 2.3% 28.6%

GRACEMERE * 2 N/A N/A $148,000 0.3% 19.4%

MULAMBIN 0 N/A N/A $165,000 8.0% N/A

NORMAN GARDENS * ~ 3 N/A N/A $179,900 12.4% 6.3%

PARKHURST * 4 N/A N/A $171,000 N/A N/A

ROCKYVIEW ^ 3 N/A N/A $234,000 1.7% N/A

YEPPOON 3 N/A N/A $180,000 N/A 2.9%

ZILZIE 3 N/A N/A $168,000 -6.1% 1.8%

SURROUNDS

CENTRAL HIGHLANDS (LGA) 9 N/A N/A $150,000 -3.2% 53.1%

EMERALD * 9 N/A N/A $149,500 -3.5% 13.7%



MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE





Over the March quarter, stand out suburbs include South Mackay and Andergrove, two of Mackay’s more affordable suburbs, with medians under $400,000.


Although sales activity remains well below that recorded mid-2013, unit and townhouse sales numbers picked up slightly over the March quarter, with activity in the prestige end of the market pushing the Mackay median sale price up 14.2 per cent to $316,000.

With less than 50 preliminary sales recorded for the quarter, shifts in different price brackets will easily impact on the overall median for the region. An increase of activity in the $350,000-plus bracket combined with a drop in the $250,000-plus price point contributed to the quarterly increase.

Upper end townhouse sales were recorded in the suburbs of Andergrove, South Mackay and West Mackay, while waterfront unit sales in the suburb of Mackay Harbour contributed to the region’s strong result for the quarter.

In spite of a slower mining sector, the Mackay residential rental market recorded stable market conditions over the March quarter. Trend house sales activity has stabilised over the past few quarters, however the unit and townhouse market again recorded record low preliminary sales numbers.

According to local real estate agents however, the local real estate market was starting to emerge from the bottom of the cycle. The downturn in mining investment had reportedly had a knock-on effect on Mackay real estate but there have been signs the local market was beginning to bounce back.

Buyer confidence is beginning to return, with local agents reporting cases of multiple offers. The recent approval of the Galilee Mine near Clermont will likely give the region a much needed boost.

HOUSE MARKET

Over the March quarter, the Mackay house market recorded relatively steady sales numbers, down just 6 per cent, while the median house price eased 1.2 per cent.

The $350,000-plus price point continues to dominate the market with 114 preliminary sales recorded. Sales numbers in the other price points remained relatively stable over the quarter.

Properties in the upper end of the market are selling where the vendor is more willing to negotiate, with higher levels of vendor discounting occurring according to local agents.

Across all house listings, the average vendor discount rate had increased to 7.9 per cent, down from 5.8 per cent a year ago. Average days on market have also extended by 10 days over the year.

MACKAY

HO

USE PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

47

294

560

314

44

330

651

371

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



132 132

7936

182207

99

43

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




204

380

292

192235

447391

241

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



74

187

132

7979

181164

109

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



17

9

2

18

9

0

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



142

3113

135

55

15

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



18

10

1

18

9 10

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



23 3

5 5

7

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



3327 25

42

32

15

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



89

6

9

6

9

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



12 12 11

7

11

17

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



37 34

7

4236

14

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



ROCKHAMPTON REGIONAL (NEW) $310 307 N/A N/A

4700 ALLENSTOWN $320 104 $340 93

4701 BERSERKER $315 194 $350 148

4714 BAREE $200 9 $190 6

LIVINGSTONE SHIRE (NEW) $320 200 N/A N/A

4702 ALBERTA $300 105 $350 81

4703 ADELAIDE PARK $360 69 $360 82

4710 EMU PARK $340 25 $350 24

CENTRAL HIGHLANDS REGIONAL $300 122 $420 139

4717 BLACKWATER $275 56 $400 56

4720 EMERALD $320 51 $450 70

4722 SPRINGSURE $200 8 N.A. 2

4723 CAPELLA $290 7 $350 9LIVINGSTONE SHIRE (NEW) $440 18 N/A N/A

4702 ALBERTA $550 12 N.A. 1

4703 ADELAIDE PARK $350 6 $320 7

CENTRAL HIGHLANDS REGIONAL N.A. 7 N.A. 13

4720 EMERALD $350 6 $475 12




ROCKHAMPTON REGIONAL (NEW) $240 207 N/A N/A

4700 ALLENSTOWN $255 41 $250 71

4701 BERSERKER $240 166 $250 105

LIVINGSTONE SHIRE (NEW) $300 77 N/A N/A

4702 ALBERTA $183 9 N.A. 1

4703 ADELAIDE PARK $300 65 $320 68

CENTRAL HIGHLANDS REGIONAL $250 65 $370 84

4717 BLACKWATER $210 6 $275 7

4720 EMERALD $250 57 $380 72



31


MARCH QUARTER 2014

The time taken to sell a unit has extended by 24 days compared to 12 months ago, with the average days on market for the 12 months ending February coming in at 117 days. As a result, vendors a needing to become more realistic in their asking prices, with average vendor discounting sitting at 9.3 per cent, up from 6.8 per cent a year ago.

With some new developments coming onto the market, total listings have gone up over the year also.

RENTAL MARKET

According to the REIQ’s residential rental survey carried out at the end of March, vacancy rates in Mackay improved slightly to 7.5 per cent, down from 7.7 per cent at the end of December.

Local agents in Mackay say investors were still very thin on the ground and rental stock remained in over supply with tenant demand still down.

New apartment developments however was driving up vacancy rates, however rents remained relatively stable.

More recently however, local agents say tenant demand has picked up with instances of multiple applications, which they say hasn’t been seen for quite some time.

HO

USE PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

146

787

1529

171112

722

1401

164

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


DEC 13 MAR 14


908 939

362

14

973 972

409

18

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




115

517

418

6570

480 490

77

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


DEC 13 MAR 14


101

394

278

3381

437

311

31

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


DEC 13 MAR 14


146

42

10

156

217

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



186155

49

143170

58

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



172

368

159

48

11

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



21

73

2721

51

24

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



192 187

48

187 184

56

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



53

118

4253

114

40

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



178

80

30

144

78

30

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



297

155

43

288

163

39

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



MACKAY (LGA) ~ f 27 $316,000 14.2% $310,000 -6.1% 6.9%

MACKAY 4 N/A N/A $349,000 5.4% 14.2%

SOUTH MACKAY 4 N/A N/A $282,000 -6.0% 13.3%

MACKAY (LGA) 33 $222,000 -1.3% $207,000 2.5% 19.0%

MACKAY (LGA) ^ 4 N/A N/A $245,000 -5.8% -12.2%

ANDERGROVE 3 N/A N/A $182,500 -2.3% N/A

BEACONSFIELD 0 N/A N/A $199,900 -0.5% N/A

BLACKS BEACH 1 N/A N/A $195,900 -0.1% 5.3%

MARIAN 3 N/A N/A $192,000 -4.0% 31.1%

OORALEA * 3 N/A N/A $255,000 2.2% 36.0%

RURAL VIEW * 7 N/A N/A $220,000 2.3% 17.0%

SHOAL POINT 0 N/A N/A $208,000 N/A N/A

SURROUNDS

WHITSUNDAY (LGA) 20 $136,000 N/A $154,000 1.0% -0.6%

BOWEN 3 N/A N/A $190,000 8.6% 26.7%

CANNONVALE * 7 N/A N/A $148,000 5.8% -27.8%

MACKAY (LGA) 229 $405,000 -1.2% $419,000 -1.8% 10.3%

MACKAY (LGA) ^ 36 $507,500 1.5% $515,000 2.8% 10.4%

ANDERGROVE 27 $384,500 3.1% $400,000 -3.6% 5.7%

BEACONSFIELD ~ 15 $385,000 -12.3% $426,000 -2.1% 9.0%

BLACKS BEACH 3 N/A N/A $443,250 -4.6% 0.7%

BUCASIA 16 $395,000 1.0% $417,000 -8.4% 6.9%

EAST MACKAY 8 N/A N/A $420,000 -2.3% 16.7%

EIMEO 10 $465,000 N/A $465,000 -1.7% 10.7%

GLENELLA 9 N/A N/A $510,000 -3.8% 6.5%

MARIAN 6 N/A N/A $468,000 -0.4% 18.5%

MOUNT PLEASANT 17 $475,000 8.0% $430,000 -9.5% 7.2%

NORTH MACKAY 18 $367,500 -3.3% $370,000 -2.4% 13.0%

OORALEA 14 $472,500 2.1% $482,500 0.1% 4.9%

RURAL VIEW ~ 11 $532,500 14.8% $489,000 -1.6% 13.7%

SARINA 5 N/A N/A $320,000 -5.2% 7.9%

SARINA ^ ~ 2 N/A N/A $572,500 19.5% 31.6%

SHOAL POINT 4 N/A N/A $510,000 N/A 8.5%

SLADE POINT 4 N/A N/A $370,000 0.0% 2.8%

SOUTH MACKAY 21 $363,000 -4.5% $370,500 -4.3% 8.7%

WALKERSTON 4 N/A N/A $428,000 -3.8% 10.2%

WEST MACKAY 13 $363,750 -7.9% $370,500 -7.4% 1.5%

SURROUNDS

ISAAC (LGA) 13 N/A N/A $350,000 -23.1% -9.1%

MORANBAH ~ Y 8 N/A N/A $362,500 -46.5% -10.9%

WHITSUNDAY (LGA) ~ 55 $372,500 -8.6% $385,000 6.9% 0.0%

WHITSUNDAY (LGA) ^ 18 $545,000 N/A $467,000 -6.1% -3.7%

BOWEN 13 $320,000 N/A $347,500 0.7% -3.5%

CANNONVALE 17 $446,000 -0.3% $445,500 2.1% -7.6%

PROSERPINE 9 N/A N/A $340,000 7.9% 6.3%



MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE


LAN

D PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

16

32 28

1013

59

38

9

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



220

4914 7

243

5321 5

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




45

24

3 6

64

26

5 6

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



40

2112

4

50

2015

10

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



25

0 0

30

1 1

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



57

4 3

62

81

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



41

3 0

42

1 2

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



25

2 2

14

1 0

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



14

7

0

25

7

1

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



40

3 0

29

1 0

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



25

2 2

36

70

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



40

2 4

44

4 1

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


DEC 13 MAR 14


SALES MARKET - UNITS & TOWNHOUSES (CONT'D)


MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE

MACKAY REGIONAL $370 388 $450 379

4737 ARMSTRONG BEACH $360 26 $410 43

4740 ALEXANDRA $380 308 $450 277

4741 BALL BAY $335 8 $400 5

4750 BUCASIA $350 18 $480 23

4751 GREENMOUNT $350 10 $440 17

4753 DEVEREUX CREEK $300 7 $450 5

4754 BENHOLME $300 5 N.A. 1

ISAAC REGIONAL $320 125 $425 125

4721 CLERMONT $330 11 $400 8

4744 MORANBAH $340 73 $450 80

4745 DYSART $200 33 $300 31




SURROUNDS

WHITSUNDAY (LGA) 30 $295,000 2.6% $308,000 5.1% -10.1%

AIRLIE BEACH ~ f 16 $318,750 -15.0% $360,000 8.1% -37.4%

CANNONVALE 12 $250,000 6.4% $250,000 -7.4% -17.5%



Compared to the previous quarter, upper end townhouse sales were down in suburbs such as Idalia and Nelly Bay.

This shift in sales activity saw the overall median sale price for the region go down 5.4 per cent to $265,000 for the March quarter.

According to local agents, the unit market was popular with buyers who were seeking a foothold in an improving market.

Top performing suburbs where sales numbers were up for the quarter include the inner south suburb of Hermit Park, with a median of just $189,000 as well as the suburbs of Rosslea and Westend with medians of under $250,000.

Of the upper end sales to occur, these were largely located within the suburb of North Ward, where units with water views were attracting the most interest over the quarter.

Similar to the house market, average days on market for units have improved by 5 days compared to a year ago, while average vendor discounting has improved by 0.2 percentage points to 9.7 per cent for the 12 months ending February.

RENTAL MARKET

Townsville’s rental market remained relatively steady with its vacancy rate down slightly to 4.7 per cent. According to local agents, the rental market still remains in oversupply, with the NRAS development scheme adding to the supply levels as well as reportedly placing downward pressure on market rents.

However, with only two consecutive quarters of vacancy rates exceeding 4.5 per cent, median weekly rents are yet to be significantly affected. Median weekly rents from the RTA for three-bedroom houses remained steady at $350 compared to a year ago, while two-bedroom units and two-bedroom townhouses were both down $5 to $285 and $295 per week respectively.

After a solid December quarter, the Townsville residential market continues to perform strongly with preliminary sales numbers for both houses and units above that recorded in four years.

According to local agents, there was solid and sustainable price growth in the local housing market with local investors growing increasingly confident that the local market has turned a corner.

Days on market are shortening with affordable properties said to be the quickest to sell.

HOUSE MARKET

Over the March quarter 2014, the Townsville median house price increased 2 per cent – the second consecutive quarterly increase. According to local agents, the local house market is starting to gather momentum.

This is on the back of another quarter of strong sales activity. In spite of preliminary numbers dipping 3 per cent over the quarter, volumes remain well above that recorded since the December quarter 2010.

A sign that confidence is returning to the house market, the prestige end of the market performed strongest with sales numbers up on the December quarter, while the other two pricepoints were down slightly.

Stand out suburbs were upper end sales were recorded include Idalia, Bushland Beach and Hermit Park, resulting in strong increases in their house median over the quarter.

Average days on market for the house market have begun to come down as has the average vendor discounting rate – a sign that the Townsville house market is entering the recovery phase.


The Townsville unit and townhouse market outperformed the house market this quarter, with preliminary sales numbers up 6 per cent.

With increased investor activity at the affordable end of the market, sales in the sub-$250,000 market was up over the quarter, while sales in the $350,000-plus price point were down.

TOWNSVILLE


4740 ALEXANDRA $380 69 $485 43


4721 CLERMONT $350 8 $545 8

4744 MORANBAH $474 11 $600 14

WHITSUNDEY REGIONAL $380 24 $360 22

4802 AIRLIE BEACH $380 20 $370 16

4721 CLERMONT $350 6 $545 8

4744 MORANBAH $500 12 $600 15


4737 ARMSTRONG BEACH $270 22 $250 10

4740 ALEXANDRA $295 303 $350 226

4750 BUCASIA $280 10 $280 5

4751 GREENMOUNT $270 5 N.A. 3

4753 DEVEREUX CREEK $150 9 N.A. 0


4744 MORANBAH $350 11 $550 24


4800 ANDROMACHE $220 18 $220 24

4802 AIRLIE BEACH $305 98 $325 89

4805 BINBEE $300 19 $280 45



RENTAL MARKET - 3 BED HOUSES (CONT'D)MAR-14 MAR-13



4800 ANDROMACHE $340 31 $350 43

4802 AIRLIE BEACH $395 52 $440 49

4804 COLLINSVILLE $300 13 $330 17

4805 BINBEE $300 45 $310 54


33


MARCH QUARTER 2014

HO

USE PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

146

787

1529

171112

722

1401

164

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


DEC 13 MAR 14


908 939

362

14

973 972

409

18

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




115

517

418

6570

480 490

77

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


DEC 13 MAR 14


101

394

278

3381

437

311

31

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


DEC 13 MAR 14


146

42

10

156

217

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



186155

49

143170

58

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



172

368

159

48

11

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



21

73

2721

51

24

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



192 187

48

187 184

56

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



53

118

4253

114

40

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



178

80

30

144

78

30

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



297

155

43

288

163

39

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



HO

USE PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

47

294

560

314

44

330

651

371

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



132 132

7936

182207

99

43

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




204

380

292

192235

447391

241

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



74

187

132

7979

181164

109

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



17

9

2

18

9

0

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



142

3113

135

55

15

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



18

10

1

18

9 10

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



23 3

5 5

7

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



3327 25

42

32

15

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



89

6

9

6

9

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



12 12 11

7

11

17

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



37 34

7

4236

14

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



LAN

D PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

16

32 28

1013

59

38

9

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



220

4914 7

243

5321 5

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




45

24

3 6

64

26

5 6

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



40

2112

4

50

2015

10

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



25

0 0

30

1 1

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



57

4 3

62

81

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



41

3 0

42

1 2

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



25

2 2

14

1 0

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



14

7

0

25

7

1

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



40

3 0

29

1 0

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



25

2 2

36

70

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



40

2 4

44

4 1

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


DEC 13 MAR 14


TOWNSVILLE CITY (LGA) 469 $364,000 2.0% $360,000 0.0% 0.6%

TOWNSVILLE CITY (LGA) ^ 56 $435,000 3.3% $417,500 -2.4% 0.6%

AITKENVALE 13 $325,000 -1.4% $310,000 -1.6% -6.1%

ALICE RIVER ^ ~ 9 N/A N/A $452,000 -12.0% -6.8%

ALLIGATOR CREEK ^ 4 N/A N/A $495,000 N/A N/A

ANNANDALE 34 $445,000 -5.3% $430,000 0.9% 1.2%

BOHLE PLAINS 8 N/A N/A $430,000 -0.6% -2.3%

BURDELL 16 $450,000 4.7% $435,000 2.4% 24.8%

BUSHLAND BEACH 19 $420,000 6.1% $416,500 2.6% -0.6%

CONDON 17 $315,000 5.5% $298,055 2.6% -6.9%

CRANBROOK 10 $267,000 -8.9% $297,000 -4.2% -7.2%

CURRAJONG 9 N/A N/A $312,500 13.6% 0.7%

DEERAGUN 9 N/A N/A $318,250 -7.8% -2.2%

DOUGLAS 23 $412,500 0.6% $410,000 6.6% 1.0%

GARBUTT 5 N/A N/A $293,000 N/A N/A

GULLIVER 6 N/A N/A $295,000 4.6% -0.7%

HEATLEY 17 $310,000 3.5% $295,000 5.9% -3.3%

HERMIT PARK ~ 15 $395,000 8.2% $379,000 8.3% 0.1%

IDALIA ~ 15 $515,000 11.0% $480,000 1.3% 4.3%

KELSO ^ 8 N/A N/A $485,500 0.1% 10.3%

KELSO ~ 17 $254,000 -14.6% $282,000 -6.0% -10.5%

KIRWAN 65 $345,000 -2.8% $350,000 0.8% -3.5%

MOUNT LOUISA 29 $377,000 -2.1% $405,000 -0.7% 1.6%

MOUNT LOW 0 N/A N/A $384,000 N/A N/A

MUNDINGBURRA 9 N/A N/A $374,000 4.2% 2.8%

NORTH WARD ~ 6 N/A N/A $583,000 -8.2% -16.6%

PIMLICO 3 N/A N/A $307,500 N/A -8.2%

RAILWAY ESTATE 14 $325,000 N/A $330,000 1.5% -6.4%

RASMUSSEN 7 N/A N/A $294,000 -4.2% -5.0%

SHAW 8 N/A N/A $416,500 N/A N/A

SOUTH TOWNSVILLE 12 $360,000 N/A $347,500 7.9% -2.0%

THURINGOWA CENTRAL 10 $331,000 N/A $320,000 -0.3% -2.3%

VINCENT 8 N/A N/A $272,500 2.8% -7.6%

WEST END 13 $340,000 N/A $383,000 -0.5% 7.9%

WULGURU 7 N/A N/A $320,000 3.2% 1.6%

SURROUNDS

BURDEKIN (LGA) 30 $213,750 9.6% $210,000 5.0% -12.5%

AYR ~ 15 $245,000 21.0% $237,500 0.0% -5.0%

HOME HILL ~ 6 N/A N/A $170,000 7.9% -25.7%

CHARTERS TOWERS (LGA) 18 $210,000 N/A $195,000 -2.5% -8.3%

CHARTERS TOWERS CITY 8 N/A N/A $190,000 -5.0% 0.0%

RICHMOND HILL ~ 5 N/A N/A $210,000 -2.3% -16.0%

HINCHINBROOK (LGA) 11 N/A N/A $242,500 -3.0% 4.3%

INGHAM 4 N/A N/A $242,500 -3.0% 14.1%

TOWNSVILLE CITY (LGA) ~ 111 $265,000 -5.4% $280,000 -9.7% -9.7%

HERMIT PARK ~ 10 $189,000 N/A $188,000 N/A -18.3%

IDALIA 3 N/A N/A $350,000 -1.4% 9.4%

NELLY BAY 8 N/A N/A $310,000 0.0% -9.1%

NORTH WARD ~ f 18 $300,000 18.8% $309,000 -9.1% -11.0%

ROSSLEA ~ 6 N/A N/A $225,000 -11.1% -14.1%

SOUTH TOWNSVILLE 9 N/A N/A $402,500 5.9% 11.8%

TOWNSVILLE CITY ~ f 11 $317,500 -16.4% $356,250 -10.7% -25.8%

WEST END ~ 7 N/A N/A $203,750 -18.5% -35.3%



MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE

SALES MARKET - VACANT LAND (CONT'D)

TOWNSVILLE CITY (LGA) 49 $166,000 3.3% $164,950 2.5% -1.8%

TOWNSVILLE CITY (LGA) ^ 15 $215,000 N/A $195,000 -3.7% -4.9%

BOHLE PLAINS 3 N/A N/A $162,750 -4.0% -3.1%

BURDELL * 5 N/A N/A $149,400 -4.2% -17.9%

BUSHLAND BEACH 7 N/A N/A $162,500 -1.5% 4.2%

IDALIA 2 N/A N/A $249,900 5.0% 1.6%


MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE

TOWNSVILLE CITY $350 758 $350 802

4810 BELGIAN GARDENS $350 80 $380 73

4811 CLUDEN $330 34 $340 46

4812 CURRAJONG $325 50 $340 68

4814 AITKENVALE $350 251 $360 257

4815 CONDON $319 132 $330 128

4816 ALLIGATOR CREEK $260 6 $290 9

4817 ALICE RIVER $360 119 $360 114

4818 BEACH HOLM $350 68 $360 93

4819 ARCADIA $285 18 $275 14

BURDEKIN SHIRE $260 70 $265 61

4806 ARKENDEITH $250 14 $255 15

4807 AIRVILLE $270 48 $280 38

4808 BRANDON $260 8 $250 6

CHARTERS TOWERS REGIONAL $270 42 $275 45

4820 ALABAMA HILL $270 42 $275 45

HINCHINBROOK SHIRE $250 36 $260 34

4850 ABERGOWRIE $250 36 $260 34





MOUNT LOUISA 1 N/A N/A $175,000 1.7% 7.8%

MOUNT LOW 13 $166,000 1.8% $158,000 0.1% N/A

OONOONBA 0 N/A N/A $163,000 -8.7% N/A



Over the March quarter, the Cairns property market recorded easing sales activity in the house market, however the unit and townhouse market continued its upwards trend.

Strong sales activity at the top end of the market saw both the house and unit markets record solid growth in their median sale price for the quarter.

According to local agents, positive market sentiment and strong demand for local housing were delivering solid price growth.

Average vendor discounting is said to be well down on six months ago and with the $8 billion Aquis resort development creating a lot of interest in local real estate, the outlook for growth in the Cairns property market is strong.

HOUSE MARKET

Over the March quarter, preliminary house sales numbers were down 7 per cent in Cairns, however volumes over the past 12 months were the highest for all major regional centres outside of SEQ. The median house price was up 5.6 per cent to $375,000 over the quarter, with strong sales activity in the prestige end of the market.

Sales numbers were up in both the $350,000-plus and $500,000-plus price points compared to the December quarter.

Top performing suburbs to see increased buyer activity were Redlynch, Mount Sheridan and Gordonvale.

Strong median price growth was recorded in Mooroobal, where the median house price jumped 31.9 per cent on the back of a number of top end sales. Located in an elevated area west of the CBD, many homes in the suburb command expansive views across the city towards the coastline.

Local agents say the region will continue to see increases in median prices, albeit at solid and steady growth rates.

Houses in Cairns are selling faster than all other major regional centres, with average days on market improving by 14 days over the year to February. The region also recorded the highest improvement in the average vendor discount for the period, up 1.6 per cent to 6.3 per cent.

A year prior, the region had recorded the second highest rate of 8 per cent.


The unit and townhouse market in Cairns continues to perform strongly, with preliminary sales up 6 per cent over the quarter. Overall sales volumes have been trending upwards since the beginning of 2013.

With a number of new townhouse developments proving popular with both local and interstate investors, the unit and townhouse median sale price for Cairns was up 15.5 per cent to $212,000 over the March quarter.

The prestige unit market performed strongly with a number of high rise apartment sales recorded in suburbs such as Cairns City and Cairns North, with many commanding ocean views.

In Port Douglas, high quality villas located in gated complexes also contributed to the regions strong result.

Solid performers for the quarter include Holloways Beach, which recorded the highest increase in sales activity and a 9.6 per cent increase in its annual median. With an affordable median and its beachside location, the suburb is proving popular with investors.

RENTAL MARKET

In Cairns, the vacancy rate at the end of March had eased by 0.2 percentage points to 2.2 per cent with local agents reporting steady tenant demand but a relative under supply of rental properties, most notably house rentals.

With the increased demand for houses, asking rents have also increased, seeing the Cairns median weekly rental for three bedroom houses up $10 to $350 per week over the March quarter.

In recent months, local agents say the rental market has softened slightly, largely due to increased investor activity.

CAIRNS

HO

USE PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

146

787

1529

171112

722

1401

164

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


DEC 13 MAR 14


908 939

362

14

973 972

409

18

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




115

517

418

6570

480 490

77

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


DEC 13 MAR 14


101

394

278

3381

437

311

31

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


DEC 13 MAR 14


146

42

10

156

217

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



186155

49

143170

58

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



172

368

159

48

11

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



21

73

2721

51

24

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



192 187

48

187 184

56

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



53

118

4253

114

40

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



178

80

30

144

78

30

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



297

155

43

288

163

39

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




4810 BELGIAN GARDENS $295 26 $320 40

4812 CURRAJONG $280 22 $290 21

4814 AITKENVALE $300 7 $345 11

4817 ALICE RIVER $310 5 N.A. 2


4810 BELGIAN GARDENS $300 394 $330 382

4811 CLUDEN $330 49 $350 50

4812 CURRAJONG $260 167 $265 187

4814 AITKENVALE $290 109 $330 129

4815 CONDON $300 31 $285 27

4817 ALICE RIVER $285 43 $290 35

4818 BEACH HOLM $230 6 $250 6

4819 ARCADIA $300 11 $280 10

BURDEKIN SHIRE $200 50 $200 62

4807 AIRVILLE $200 45 $200 55



RENTAL MARKET - 2 BED UNITS (CONT'D)MAR-14 MAR-13


CHARTERS TOWERS REGIONAL $205 18 $195 21

4820 ALABAMA HILL $205 18 $195 21

HINCHINBROOK SHIRE N.A. 8 $200 28

4850 ABERGOWRIE $190 8 $200 28


35


MARCH QUARTER 2014

HO

USE PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

47

294

560

314

44

330

651

371

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



132 132

7936

182207

99

43

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




204

380

292

192235

447391

241

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



74

187

132

7979

181164

109

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



17

9

2

18

9

0

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



142

3113

135

55

15

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



18

10

1

18

9 10

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



23 3

5 5

7

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



3327 25

42

32

15

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



89

6

9

6

9

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



12 12 11

7

11

17

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



37 34

7

4236

14

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



LAN

D PR

ICEPO

INTS - PR

ELIMIN

AR

Y SALES N

UM

BER

S BY PR

ICE R

AN

GE

16

32 28

1013

59

38

9

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



220

4914 7

243

5321 5

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




45

24

3 6

64

26

5 6

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



40

2112

4

50

2015

10

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



25

0 0

30

1 1

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



57

4 3

62

81

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



41

3 0

42

1 2

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



25

2 2

14

1 0

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



14

7

0

25

7

1

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



40

3 0

29

1 0

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



25

2 2

36

70

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



40

2 4

44

4 1

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


DEC 13 MAR 14


CAIRNS (LGA) ~ 405 $375,000 5.6% $365,000 4.3% 1.4%

CAIRNS (LGA) ^ ~ 23 $485,000 -6.7% $510,000 2.0% -13.6%

BAYVIEW HEIGHTS 11 $377,500 3.4% $370,000 10.4% 4.8%

BENTLEY PARK ~ 23 $344,000 10.1% $323,500 -0.6% -8.0%

BRINSMEAD 10 $400,500 6.8% $380,000 -5.2% -7.2%

BUNGALOW 6 N/A N/A $290,000 N/A 0.0%

CAIRNS NORTH 3 N/A N/A $402,500 N/A N/A

CARAVONICA 3 N/A N/A $376,000 N/A 11.9%

CLIFTON BEACH 11 $475,000 N/A $475,000 -1.0% -5.0%

EARLVILLE 7 N/A N/A $312,000 -4.0% -2.5%

EDGE HILL 8 N/A N/A $424,000 2.2% 2.8%

EDMONTON 37 $315,000 5.0% $312,000 -1.0% -6.9%

GOLDSBOROUGH ^ 4 N/A N/A $421,750 N/A N/A

GORDONVALE 24 $316,250 5.8% $310,000 8.8% 1.6%

GORDONVALE ^ 3 N/A N/A $535,000 N/A -3.2%

HOLLOWAYS BEACH 2 N/A N/A $357,000 -0.3% 0.8%

KANIMBLA 7 N/A N/A $457,500 8.3% 10.0%

KEWARRA BEACH 23 $405,000 -0.7% $404,000 7.7% 1.0%

MANOORA 5 N/A N/A $266,000 6.4% -7.5%

MANUNDA 7 N/A N/A $310,000 11.7% -3.1%

MOOROOBOOL ~ 14 $400,250 31.9% $311,000 -14.8% -2.8%

MOUNT SHERIDAN ~ * 37 $371,250 12.5% $340,000 4.6% 1.0%

PALM COVE ~ 5 N/A N/A $595,000 21.4% N/A

PARRAMATTA PARK 5 N/A N/A $360,000 3.9% 2.3%

PORT DOUGLAS ~ 10 $500,000 7.9% $452,000 1.7% -21.4%

REDLYNCH 39 $440,500 -1.6% $418,000 5.8% 0.7%

SMITHFIELD 13 $383,000 2.7% $371,500 1.2% -2.2%

TRINITY BEACH * 15 $433,500 14.1% $415,000 11.4% 0.7%

TRINITY PARK 6 N/A N/A $387,500 1.4% -2.8%

WESTCOURT 8 N/A N/A $321,500 6.3% 9.4%

WHITE ROCK 8 N/A N/A $271,000 -2.3% -11.1%

WHITFIELD 15 $550,000 N/A $467,500 7.5% 14.0%

WOREE 1 N/A N/A $280,000 -3.4% -1.8%

SURROUNDS

CASSOWARY COAST (LGA) ~ 33 $235,000 -22.4% $247,000 13.8% -6.8%

CASSOWARY COAST (LGA) ^ ~ 11 N/A N/A $350,000 12.9% -6.7%

TABLELANDS (LGA) 62 $295,000 1.7% $270,000 0.0% -3.6%

TABLELANDS (LGA) ^ 46 $395,000 -3.7% $393,750 -1.6% -6.0%

ATHERTON 27 $310,000 5.1% $320,000 10.3% -9.6%

KURANDA ^ 12 $412,500 N/A $436,250 2.6% -5.2%

MAREEBA ^ ~ 4 N/A N/A $393,750 -7.4% -8.2%

MAREEBA ~ 14 $284,500 18.5% $240,000 -9.9% -4.0%

SPEEWAH ^ 4 N/A N/A $470,000 N/A N/A

CAIRNS (LGA) * t 244 $212,000 15.5% $210,000 4.7% -17.2%

BUNGALOW 6 N/A N/A $131,320 -15.3% -40.3%

CAIRNS CITY * f ~ 21 $470,000 75.2% $388,000 15.5% -3.0%

CAIRNS NORTH f ~ 30 $231,500 24.5% $215,000 -0.5% -21.2%

EARLVILLE 6 N/A N/A $210,000 13.2% -2.3%

EDGE HILL ~ 6 N/A N/A $160,000 20.8% -23.8%

HOLLOWAYS BEACH ~ 10 $175,000 N/A $165,500 9.6% -25.5%

KEWARRA BEACH 5 N/A N/A $340,000 -9.3% -23.6%

MANOORA ~ t 12 $148,000 24.9% $145,000 -6.5% -27.5%

MANUNDA * t 19 $187,000 39.0% $135,000 -10.6% -25.8%

MOOROOBOOL 4 N/A N/A $170,000 0.0% -35.8%

PALM COVE ~ f 17 $189,500 -32.3% $230,000 -8.4% -42.5%

PARRAMATTA PARK 5 N/A N/A $197,500 -14.1% -30.7%

PORT DOUGLAS ~ t 33 $247,500 23.8% $225,000 17.6% -2.2%

TRINITY BEACH 23 $255,000 -0.2% $230,000 4.8% -27.1%

WESTCOURT 3 N/A N/A $180,500 3.7% -36.7%

WHITE ROCK 2 N/A N/A $259,625 N/A 2.4%

WOREE 9 N/A N/A $117,500 -1.3% -35.4%

YORKEYS KNOB ~ 4 N/A N/A $225,500 18.7% 0.2%



MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE


CAIRNS (LGA) 71 $175,000 2.9% $173,000 1.8% 8.1%

CAIRNS (LGA) ^ * 9 N/A N/A $220,000 3.5% 91.3%

GORDONVALE 3 N/A N/A $92,500 0.0% -13.4%

KANIMBLA 4 N/A N/A $210,000 N/A N/A

PALM COVE 6 N/A N/A $245,000 N/A N/A

REDLYNCH 7 N/A N/A $183,500 1.3% 7.9%

SMITHFIELD 15 $175,000 2.9% $167,000 -6.0% N/A

TRINITY BEACH 5 N/A N/A $174,500 2.6% -12.1%

SURROUNDS

CASSOWARY COAST (LGA) 12 N/A N/A $100,000 17.6% -23.7%

TABLELANDS (LGA) ~ 10 N/A N/A $85,000 -5.6% -22.7%

TABLELANDS (LGA) ^ 10 N/A N/A $157,500 5.0% -3.1%

MAREEBA * 4 N/A N/A $85,000 -2.3% -21.3%



MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE



CAIRNS REGIONAL (NEW) $350 482 N/A N/A

4865 GOLDSBOROUGH $330 17 $300 21

4868 BAYVIEW HEIGHTS $330 83 $330 87

4869 BENTLEY PARK $330 64 $310 71

4870 AEROGLEN $350 173 $350 160

4878 BARRON $365 60 $350 54

4879 BUCHAN POINT $380 81 $375 70

DOUGLAS (NEW) $320 34 N/A N/A

4873 BAILEY CREEK $300 22 $265 24

4877 CRAIGLIE $400 12 $380 15

CASSOWARY COAST REGIONAL $285 111 $300 101

4849 CARDWELL $300 9 $380 8

4852 BINGIL BAY $365 15 $350 21

4854 BILYANA $320 14 $330 21

4858 COMOON LOOP $230 6 N.A. 4

4860 BAMBOO CREEK $280 60 $270 41



SOUTH WEST

BALONNE (LGA) 5 N/A N/A N/A N/A N/A

ST GEORGE ~ 5 N/A N/A $199,500 -11.4% 17.5%

MARANOA (LGA) ~ 25 $321,750 15.9% $290,000 -4.9% 38.1%

ROMA ~ Y 21 $351,500 12.7% $320,000 -3.8% 36.2%

MURWEH (LGA) 8 N/A N/A $115,000 N/A -13.5%

CHARLEVILLE ~ Y 7 N/A N/A $129,500 -20.3% -5.6%

SOUTH WEST

LONGREACH (LGA) 5 N/A N/A N/A N/A N/A

LONGREACH 3 N/A N/A $245,000 -1.5% 15.3%

NORTH WEST

MOUNT ISA (LGA) 26 $364,000 -8.2% $375,000 2.5% 13.6%

HEALY 8 N/A N/A $421,000 -1.5% 16.9%

SOLDIERS HILL 2 N/A N/A $370,000 1.4% 13.8%

SUNSET 5 N/A N/A $367,500 -0.7% 13.1%

OTHER REGIONAL

CAIRNS REGIONAL (NEW) $280 880 $270 1031

4868 BAYVIEW HEIGHTS $250 73 $240 77

4869 BENTLEY PARK $250 18 $230 31

4870 AEROGLEN $280 535 $270 610

4878 BARRON $270 92 $250 76

4879 BUCHAN POINT $300 158 $295 154


4873 BAILEY CREEK $195 12 $190 15

4877 CRAIGLIE $280 67 $270 63



MAR14

MEDIAN SALE

MAR14

QTRLY CHANGE

MEDIAN SALE

12MTHS MAR14

1YR CHANGE

5YR CHANGE



CAIRNS REGIONAL $260 96 N/A N/A

4868 BAYVIEW HEIGHTS $220 10 $205 14

4869 BENTLEY PARK $220 12 $220 9

4870 AEROGLEN $270 49 $240 51

4878 BARRON $230 14 $240 20

4879 BUCHAN POINT $300 11 $275 7


4877 CRAIGLIE $280 20 $270 11

RENTAL MARKET - 2 BED UNITS (CONT'D)MAR-14 MAR-13


MARANOA (LGA) 14 N/A N/A $148,500 -6.0% N/A

ROMA * 14 $148,000 N/A $160,000 0.0% N/A


SOUTH WEST

MARANOA REGIONAL $310 33 $280 18

4455 ANGELLALA $320 30 $300 17

NORTH WEST

MOUNT ISA CITY $350 88 $400 62

4825 ALEXANDRIA $350 88 $400 62



SOUTH WEST

BALONNE SHIRE $240 26 N.A. 13

4487 ST GEORGE $250 23 $275 11


4455 ANGELLALA $425 39 $425 64

MURWEH $230 17 N.A. 12

4470 CHARLEVILLE $230 16 $240 12

CENTRAL WEST

LONGREACH $275 16 $270 27

4730 BRIXTON $280 13 $270 26

NORTH WEST


4825 ALEXANDRIA $500 92 $570 69

FAR NORTH

COOK SHIRE $280 40 $300 39

4871 ALMADEN $250 24 $265 23

4895 BLOOMFIELD $300 16 $320 16

SOUTH WEST


4455 ANGELLALA $300 15 $250 16

MURWEH N.A. 6 N.A. 3

4470 CHARLEVILLE $160 6 N.A. 3

CENTRAL WEST

LONGREACH N.A. 7 $185 12

4730 BRIXTON $195 7 $185 12

NORTH WEST


4825 ALEXANDRIA $345 76 $400 70

FAR NORTH

COOK SHIRE N.A. 8 N.A. 7

4895 BLOOMFIELD $250 5 $240 5



TABLELANDS REGIONAL (NEW) $280 90 N/A N/A

4872 BARRINE $280 11 $285 8

4882 TOLGA $300 9 N.A. 4

4883 ATHERTON $295 29 $290 59

4884 LAKE BARRINE $300 9 $295 11

4885 BUTCHERS CREEK $280 13 $280 14

4887 HERBERTON $260 5 N.A. 4

4888 EVELYN $250 11 $250 16

MAREEBA (NEW) $280 90 N/A N/A

4880 ARRIGA $300 39 $300 49

4881 KOAH $350 15 $350 9


CASSOWARY COAST REGIONAL $205 98 $220 100

4849 CARDWELL $195 5 $295 11

4852 BINGIL BAY $230 35 $260 29

4854 BILYANA $250 10 $180 20

4860 BAMBOO CREEK $190 48 $190 38

TABLELANDS REGIONAL (NEW) $210 56 $220 81

4883 ATHERTON $220 42 $225 41

MAREEBA (NEW) $216 31 N/A N/A

4880 ARRIGA $215 28 $220 25



37


MARCH QUARTER 2014

ON THE MARKET INDICATORS

UNITS & TOWNHOUSESDAYS ON MARKET* VENDOR DISCOUNT* TOTAL LISTINGS

LGA FEB-14 FEB-13 FEB-14 FEB-13 FEB-14 FEB-13

SOUTHEAST QLD

BRISBANE 77 95 -5.2% -6.1% 7,807 7,687

IPSWICH 136 137 -7.3% -9.6% 419 440

LOGAN 103 130 -7.1% -9.4% 1,379 1,153

MORETON BAY 110 127 -6.2% -8.5% 1,739 1,571

REDLAND 98 122 -5.2% -7.7% 602 636

GOLD COAST 101 120 -7.5% -9.8% 10,207 9,698

SUNSHINE COAST 111 128 -6.9% -8.9% 4,591 4,400

REGIONAL QLD

TOOWOOMBA 75 107 -4.4% -5.6% 574 503

FRASER COAST 140 120 -8.0% -9.3% 469 482

BUNDABERG 109 119 -6.1% -6.5% 380 342

GLADSTONE 134 101 -10.4% -5.6% 317 355

ROCKHAMPTON 110 137 -6.7% -7.7% 406 410

MACKAY 117 93 -9.3% -6.8% 482 477

TOWNSVILLE 124 129 -9.7% -9.9% 1,235 1,142

CAIRNS 103 129 -7.8% -10.4% 2,028 2,231

HOUSESDAYS ON MARKET* VENDOR DISCOUNT* TOTAL LISTINGS

LGA FEB-14 FEB-13 FEB-14 FEB-13 FEB-14 FEB-13

SOUTHEAST QLD

BRISBANE 65 85 -5.7% -7.2% 18,559 18,274

IPSWICH 90 106 -7.1% -8.6% 3,901 4,090

LOGAN 81 100 -6.1% -7.5% 5,753 5,493

MORETON BAY 80 94 -5.9% -7.3% 8,667 8,418

REDLAND 75 98 -6.0% -7.6% 3,667 3,540

GOLD COAST 79 102 -6.3% -8.5% 9,128 9,050

SUNSHINE COAST 96 113 -6.3% -8.5% 8,527 8,786

REGIONAL QLD

TOOWOOMBA 71 87 -4.8% -6.0% 4,014 4,006

FRASER COAST 115 120 -7.6% -8.5% 3,393 3,462

BUNDABERG 84 97 -6.8% -6.9% 2,801 2,621

GLADSTONE 119 99 -9.5% -7.5% 1,745 2,319

ROCKHAMPTON 92 95 -7.4% -7.3% 3,433 3,608

MACKAY 91 81 -7.9% -5.8% 2,813 3,011

TOWNSVILLE 90 95 -7.4% -7.6% 4,182 4,137

CAIRNS 81 94 -6.3% -8.0% 3,171 3,256

0

20

40

60

80

100

120

140

Average Days On Market - HOUSES

2013* 2014**12mths to the end of February

-10.0%

-9.0%

-8.0%

-7.0%

-6.0%

-5.0%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

Average Vendor Discounting - HOUSES2013* 2014*

*12mths to the end of February

0

20

40

60

80

100

120

140

160

Average Days On Market - UNITS

2013* 2014**12mths to the end of February

-10.0%

-9.0%

-8.0%

-7.0%

-6.0%

-5.0%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

Average Vendor Discounting - UNITS2013* 2014*

*12mths to the end of February

The Real Estate Institute of Queensland Ltd. Copyright 2014

21 Turbo Drive, Coorparoo, PO Box 1555, Coorparoo DC Q 4151

Ph: (07) 3249 7347 Fax: (07) 3249 6211 Email: [email protected]

Queensland Market Monitor is published byThe Real Estate Institute of Queensland (REIQ).

ABN 49 009 661 287

Sales data obtained from RPData (www.rpdata.com.au) and median weekly rental data from the Residential Tenancies Authority. Enquiries about the reproduction of part or all of the information should be directed to the Corporate Affairs Division, REIQ.

Based on or contains data provided by the State of Queensland (Department of Natural Resources and Mines) 2014. In consideration of the State permitting use of this data you acknowledge and agree that the State gives no warranty in relation to the data (including accuracy, reliability, completeness, currency or suitability) and accepts no liability (including without limitation, liability in negligence) for any loss, damage or costs (including consequential damage) relating to any use of the data. Data must not be used for direct marketing or be used in breach of the privacy laws

Disclaimer: The information contained in this publication, while based on information believed reliable, is not guaranteed. Nor is any of it tendered by way of investment advice; instead, it is intended only to inform and illustrate. No reader should act on the basis of any matter contained in this publication without considering and if necessary taking appropriate professional advice with regards to their own particular circumstances. The publisher and editor give no representations and make no warranties, express or implied, with respect to the accuracy or completeness of any of the material (including statistics, advertisements and advertising features) contained in this publication. The publisher and editor expressly disclaim any and all liability to the reader, whether a purchaser of this publication or not, in respect of anything and the consequences of anything done or omitted to be done by any such person in reliance, whether whole or partial, upon the whole or any part of the contents of this publication. The publisher, editor or contributors will enter into no correspondence in relation to this publication. The mention of the company, organisation, person, investment strategy or technique does not imply endorsement by the publisher. The publisher has not vetted advertisers and their products/services. The inclusion of advertisements or special advertising features in this publication does not imply endorsement of the advertiser/s or their products/services by the publisher. Articles are published in reliance upon the representations and warranties of the authors of the articles and without knowledge of any infringement of any third party’s copyright. Copyright: This publication is protected under the Commonwealth Copyrights Act 1968 and may not, in whole or part, be lent, copied, photocopied, reproduced, translated or reduced to any electronic medium or machine-readable format without the express permission of the publisher. For permissions or reprints, contact the Corporate Affairs Division on phone 07 3249 7347.

Data report date: 5 May 2014

Published date: 5 June 2014



RENTAL MARKET INDICATORS

RESIDENTIAL VACANCY RATES

AS AT END OF MAR 14 DEC 13 MAR 13

GREATER BRISBANE

BRISBANE SD 1.9% 2.7% 2.1%

BRISBANE CITY 2.3% 3.2% 2.1%

BRISBANE INNER (0-5KM) 3.1% 4.1% 2.0%

BRISBANE REMAINDER 1.9% 2.8% 2.2%

BRISBANE SURROUNDS 1.5% 2.1% 2.1%

IPSWICH CITY 1.8% 2.1% 2.1%

LOGAN CITY 1.2% 2.0% 2.3%

MORETON BAY REGIONAL 1.5% 2.0% 2.4%

CABOOLTURE 1.1% 1.8% 2.5%

PINE RIVERS 1.0% 1.6% 2.2%

REDCLIFFE 2.6% 2.7% 2.9%

REDLAND CITY 1.6% 2.4% 1.2%

MAINLAND 1.4% 2.0% 0.9%

BAY ISLANDS 2.5% 5.2% 3.9%

TOURISM CENTRES

GOLD COAST CITY 2.2% 1.9% 2.5%

SUNSHINE COAST REGIONAL 1.2% 1.1% 2.2%

CALOUNDRA COAST 1.3% 1.7% 2.0%

MAROOCHY COAST 0.9% 0.6% 2.0%

NOOSA COAST 0.9% 0.9% 1.8%

HINTERLAND 3.6% 1.9% 3.1%

FRASER COAST REGIONAL 2.5% 3.4% 2.9%

HERVEY BAY 1.8% 2.1% 1.6%

MARYBOROUGH 3.1% 3.7% 3.6%

CAIRNS REGIONAL 2.2% 2.0% 2.3%

CENTRAL COAST

BUNDABERG REGIONAL 4.5% 4.3% 0.8%

RESOURCE CENTRES

GLADSTONE REGIONAL 6.4% 7.7% 5.9%

MACKAY REGIONAL 7.5% 7.7% 6.5%

ROCKHAMPTON REGIONAL 6.0% 7.0% 2.7%

TOOWOOMBA REGIONAL 1.4% 1.3% 0.8%

TOWNSVILLE/THURINGOWA 4.7% 4.8% 3.3%

OTHER REGIONAL AREAS

GYMPIE REGIONAL 1.8% 1.6% 1.8%

SOUTHERN DOWNS REGIONAL 2.5% N/A N/A

WHITSUNDAY REGIONAL 9.5% 6.1% N/A

GROSS YIELDS HOUSES UNITS

LOCAL GOVERNMENT AREA MAR-14 DEC-13 MAR-14 DEC-13

GREATER BRISBANE

BRISBANE CITY 3.9% 3.8% 5.0% 5.0%

IPSWICH CITY 5.2% 5.1% 5.6% 5.9%

LOGAN CITY 4.9% 5.1% 5.9% 5.6%

MORETON BAY 4.5% 4.4% 4.7% 4.8%

REDLAND CITY 4.3% 4.3% 5.2% 4.9%

TOURISM CENTRES

GOLD COAST CITY 4.5% 4.6% 5.3% 5.4%

SUNSHINE COAST 4.5% 4.4% 4.6% 4.9%

FRASER COAST 4.9% 4.9% 4.3% 5.2%

CAIRNS 4.9% 5.0% 6.9% 7.9%

CENTRAL COAST

BUNDABERG 5.5% 5.2% 5.3% 4.7%

RESOURCE CENTRES

TOOWOOMBA 4.8% 4.6% 4.7% 4.7%

GLADSTONE 4.4% 4.9% N/A N/A

ROCKHAMPTON 4.9% 5.4% 3.3% 4.7%

MACKAY 4.8% 4.9% 4.8% 5.6%

TOWNSVILLE CITY 5.0% 5.0% 5.6% 5.2%

OTHER REGIONAL AREAS

BURDEKIN 6.3% 6.9% N/A N/A

CASSOWARY COAST 6.3% 5.0% N/A N/A

CENTRAL HIGHLANDS 5.0% 4.0% N/A N/A

CHARTERS TOWERS 6.7% N/A N/A N/A

GOONDIWINDI 5.4% 5.6% N/A N/A

GYMPIE 5.4% 5.4% N/A 3.3%

LOCKYER VALLEY 6.4% 6.5% N/A N/A

MARANOA 6.5% 7.5% N/A N/A

MOUNT ISA 7.1% 6.6% N/A N/A

SCENIC RIM 4.7% 4.9% N/A N/A

SOMERSET 5.5% 5.0% N/A N/A

SOUTH BURNETT 5.6% 6.1% N/A N/A

SOUTHERN DOWNS 5.1% 5.2% N/A N/A

TABLELANDS 4.9% 5.3% N/A N/A

WESTERN DOWNS 6.4% 5.8% N/A N/A

WHITSUNDAY 4.7% 4.5% $295,000 5.4%

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.

This detailed level of information will enable you to conduct valuable comparisons between various regions and market segments, and to ensure you are completely informed of all the latest market trends and fluctuations.

Each edition includes:

• Median sale prices for houses, units/townhouses and land;

• Median weekly rents for houses and units/townhouses;

• Gross rental yields;

• Rental vacancy rates;

• Useful charts and graphs; and

• Analytical market commentary.

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