Queensland Market Monitor - March Quarter 2015

your state-wide property research guide suburb by suburb

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MAR QTR 2015

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QMM STATE-WIDE COMMENTARY

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SUSTAINABLE GROWTH AND STABILISATION Over the first quarter of 2015, Queensland’s residential property markets largely continued the trends established in late 2014.

Those areas where improvements have been consistent, continued to show solid results and the areas where the market has been flat or struggling now look to be finding their feet.

Integral to all regions have been major infrastructure projects, which have provided much-needed economic stimulation and underpinned recovery.

The Gold Coast sales activity will quieten heading into the winter months but the lift in construction and tourism industries provided some buoyancy in the first quarter of 2015. The same can be said for the Sunshine Coast and Cairns, with all three regions recording continued solid results.

Investor activity did increase across the state, however it was not as pronounced in some regions as many had anticipated. Australian Bureau of Statistics figures reveal dwellings financed for investment purposes were at a five-year high.

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

2 QUEENSLAND MARKET MONITOR

REIQ RESEARCH EXPLANATORY NOTESSALES MARKET DATA

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

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

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

at the time of reporting 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 comprising the LGA’s of Brisbane City, Ipswich City, Logan City, Moreton Bay Regional and Redland City

Sunshine Coast (SD)

Sunshine Coast Region comprising the LGA's of Sunshine Coast Regional and Noosa.

# Figures based upon the new council boundaries

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

~Median price changes influenced by varying quality of stock sold

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

fMedian price changes influenced by varying quantities of waterfront properties sold

tMedians affected by varying quantities of townhouses sold

Y Median affected by high yielding property sales

1

Median price changes influenced by the varying volumes of sales between the Mainland and Bay Islands areas

ON THE MARKET INDICATORS

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

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

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

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

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

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

PRICE POINT GRAPHS

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

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

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

Data report date: 13 May 2015 Published date: 9 June 2015

GROSS RENTAL YIELDS

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

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

VACANCY RATES

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

Only LGAs with a minimum sample size of 10 per cent (based upon number of bonds held by the RTA) are reported on.

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

Source: REIQ Residential Rental Survey

RENTAL MARKET DATA

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

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

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

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

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

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

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

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

http://www.rpdata.com.au

3

STATE-WIDE SUMMARY

MARCH QUARTER 2015

FALLING

STABILISINGRECOVERING

RISING

BRISBANE HOUSE MARKETSMarch Quarter 2015

Source: REIQ

Brisbane↑Moreton Bay

RedlandLogan

Ipswich

FALLING


RISING

QUEENSLAND HOUSE MARKETSMarch Quarter 2015

Source: REIQ

↑ToowoombaBrisbane SD↑Cairns

Gold CoastSunsine Coast

Fraser Coast

GladstoneTownsville RockhamptonBundaberg Mackay


Queensland market update 1

REIQ Explanatory notes 2

Brisbane market updates

Brisbane City 6

Greater Brisbane 11

Regional market updates

Gold Coast 16

Toowoomba 19

Sunshine Coast 21

Fraser Coast 23

Bundaberg 25

Gladstone 27

Rockhampton 28

Mackay 30

Townsville 32

Cairns 34

Other Regional 36

On The Market Indicators 37

Total Listings

% Stock on Market

Average Vendor Discount

Average Days on Market

Rental Market Indicators 38

Gross rental yields

Residential vacancy rates

TABLE OF CONTENTS

REIQ

STATE-WIDE SUMMARY CONTINUED

Queensland’s residential property markets largely continued the trends established in late 2014

The downturn in regional centres hasn’t been good news for some, however it has represented opportunity for first home buyers.

On the Fraser Coast, where the local council offers its own incentive scheme, first-home buyer activity is said to be strong. Major centres such as Mackay, Rockhampton and Gladstone are seeing a pick-up in activity where affordable house prices combined with low interest rates are helping many first home buyers make the decision to move from renting to buying.

ABS figures for the March quarter also show an improvement in first home buyer finance, however levels still remain well below the long-term trend.

HOUSE MARKET

The metropolitan Brisbane house market continues to lead the way with the shortest days on market and lowest vendor discounting.

However, Toowoomba has now taken over the Greater Brisbane region as the state’s fastest selling major regional centre.

Toowoomba’s sales activity may be levelling off for the moment, however, the garden city’s local economy is likely to continue to improve thanks to a diverse range of industries underpinning the local economy. And when the economy does well, real estate activity does well.

With a lift in activity at the affordable end of the market, median sale prices were down somewhat across the Greater Brisbane region, with Brisbane’s median price falling below $600,000. After the surge in prestige sales over the December quarter, it came as no surprise that the affordable market would steal the spotlight for Brisbane this quarter.

On the Gold and Sunshine coasts sales activity was relatively stable with steady growth in their respective median house prices. Both regions recorded increases of above six per cent in their annual median house price, indicating prices are beginning to lift.

The state’s resource centres are starting to see a light at the end of the tunnel with Gladstone, Rockhampton and Mackay agents reporting stable conditions and hints of lift in sales activity.


STATE-WIDE SUMMARY

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

LGA MEDIAN SALE PRICE

QTRLY CHANGE

SALES ACTIVITY CHANGE

MEDIAN SALE PRICE

QTRLY CHANGE


MEDIAN SALE PRICE

QTRLY CHANGE


GREATER BRISBANE

BRISBANE SD $475,000 -1.5% -5% $393,000 2.1% 9% $217,000 0.5% 10%

BRISBANE $580,000 -3.3% ~ -8% $424,500 1.4% 5% $335,000 -2.9% 23%

IPSWICH $315,500 -1.4% 7% $261,250 8.9% * t 3% $178,000 1.5% 19%

LOGAN $350,000 -1.1% -4% $228,000 -5.0% ~ * 11% $210,000 6.3% * 11%

MORETON BAY $395,000 0.0% -4% $305,000 -0.8% 22% $214,800 -3.9% * -18%

REDLAND $472,500 -1.4% -2% $389,000 15.1% * t 45% $38,000 8.6% * 39%

TOURISM CENTRES

GOLD COAST $531,500 2.2% 0% $355,000 1.4% 28% $232,000 -0.4% -26%

SUNSHINE COAST REGION $498,400 2.8% -2% $355,000 1.4% 12% $250,000 -3.5% 0%

SUNSHINE COAST $489,000 1.5% -3% $348,000 -0.4% 16% $239,500 -1.1% -7%

NOOSA $565,000 8.7% ~ f 3% $385,000 2.7% -7% $365,500 -16.5% * f 33%

FRASER COAST $285,500 0.2% 21% $242,000 -10.4% ~ f 38% $140,000 12.0% ~ 13%

CAIRNS $390,000 0.0% -1% $219,500 5.5% ~ -15% $190,500 -8.0% ~ -18%

REGIONAL CENTRES

BUNDABERG $283,000 2.9% 6% $231,500 -12.6% ~ f 3% $145,000 5.5% 66%

GLADSTONE $379,500 6.5% ~ -8% $236,000 -3.5% -32% $175,000 -12.7% ~ -23%

MACKAY $385,000 4.1% ~ 18% $250,000 -31.5% ~ f 70% $195,000 -4.2% ~ 19%

ROCKHAMPTON $300,000 2.0% 4% $310,000 -11.4% * f -6% $170,000 41.1% ~ * -5%

TOOWOOMBA $354,000 1.1% -11% $291,500 8.5% * t 24% $186,500 20.3% ~ * 38%

TOWNSVILLE $350,000 -0.7% -9% $272,500 -6.0% ~ 30% $165,000 -1.2% -51%

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

LGASTOCK

ON MARKET

DAYS ON MARKET

VENDOR DISCOUNT

STOCK ON

MARKET

DAYS ON MARKET

VENDOR DISCOUNT

GREATER BRISBANE

BRISBANE SD 7.1% 66 -5.7% 7.6% 73 -5.1%

BRISBANE 6.7% 57 -5.6% 6.8% 63 -4.7%

IPSWICH 7.4% 82 -6.6% 10.6% 112 -7.3%LOGAN 7.4% 76 -5.7% 10.7% 97 -6.1%MORETON BAY 7.4% 71 -5.3% 9.4% 100 -5.8%REDLAND 8.6% 71 -5.8% 9.8% 89 -5.3%TOURISM CENTRESGOLD COAST 8.0% 72 -6.0% 9.6% 91 -6.5%SUNSHINE COAST SD 9.3% 87 -5.9% 10.1% 105 -6.5%FRASER COAST 9.9% 109 -7.8% 13.3% 104 -5.9%CAIRNS 7.3% 65 -5.8% 8.7% 86 -7.3%REGIONAL QLDBUNDABERG 9.0% 99 -8.0% 11.3% 152 -8.5%GLADSTONE 7.8% 113 -9.9% 6.7% 125 -13.6%MACKAY 7.4% 103 -10.5% 7.9% 146 -13.7%ROCKHAMPTON 8.4% 97 -8.9% 8.2% 111 -8.0%TOOWOOMBA 8.5% 63 -4.7% 8.2% 69 -4.4%TOWNSVILLE 7.3% 91 -8.0% 10.7% 123 -9.4%

"All figures are for the 12months ending February 2015

SD - Statistical Division: Brisbane SD (Brisbane, Ipswich, Logan, Moreton Bay & Redland); Sunshine Coast SD (Sunshine Coast & Noosa)

Due to low volume of sales, % changes should be used with caution.

While there is still a long way to go before the market picks up again, local agents in each region feel a corner has been turned.

Local council efforts in Mackay and Gladstone are also aiming to diversify their respective industries knowing it will help scaffold the future growth of their regions. In Rockhampton the improving beef industry is giving the region a much-needed confidence boost.

UNIT MARKET

While the house market took a breather in many parts of the state, a number of unit and townhouse markets recorded increased sales activity.

Most notably Greater Brisbane’s Logan, Moreton Bay and Redland City recorded strengthening sales activity, as did the Gold and Sunshine coasts.

In regional areas Townsville was a standout performer, however, this may be more of an indication of investors off-loading their properties and being unable to wait out the current downturn. As a result a shift in property prices is occurring, and a similar trend is being seen in Gladstone.

The consequence of this is that median sale prices in a number of regional centres have eased and average vendor discounting rates have increased.

Although the unit market in Cairns has struggled on the back of high insurance and body corporate fees, local agents report renewed investor interest, namely at the affordable end of the market, which bodes well for the region.

5

STATE-WIDE SUMMARY

MARCH QUARTER 2015

FOR FULL ON THE MARKET AND RENTAL MARKET STATISTICS BY LOCAL GOVERNMENT AREA, SEE PAGE 37-39

VACANCY RATES

LGA/REGION' AS AT 31-MAR-15 TRENDGREATER BRISBANEBRISBANE SD 2.2% STEADYBRISBANE CITY 2.5% DOWNIPSWICH CITY 2.4% STEADYLOGAN CITY 2.1% STEADYMORETON BAY 1.3% STEADYREDLAND CITY 2.4% UPTOURISM CENTRESGOLD COAST CITY 1.3% DOWNSUNSHINE COAST REGION 1.7% UPSUNSHINE COAST 1.9% UPNOOSA 1.0% STEADYFRASER COAST 2.3% UPCAIRNS 2.4% STEADYREGIONAL QLDBUNDABERG 4.1% STEADYGLADSTONE 3.8% DOWNMACKAY# 9.4% DOWNROCKHAMPTON 4.4% DOWNTOOWOOMBA 3.2% UPTOWNSVILLE 5.9% UP

See page 39 for full vacancy rate data

* change greater than $20 (rents) or 0.5 pts (yields)

NB Trend for rents are over year; while trend for yields are over the quarter

RENTAL TRENDS^ MEDIAN WEEKLY RENT GROSS RENTAL YIELDS

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

GREATER BRISBANEBRISBANE CITY $420 UP $400 UP $405 STEADY 3.9% UP 5.0% STEADYIPSWICH CITY $300 STEADY $255 UP $310 STEADY 4.9% STEADY 5.2% DOWNLOGAN CITY $340 STEADY $260 STEADY $335 UP 5.2% UP 6.2% UPMORETON BAY $340 UP $280 UP $340 UP 4.6% STEADY 4.8% STEADYREDLAND CITY $390 UP $340 UP $390 UP 4.3% STEADY 4.3% DOWN*TOURISM CENTRESGOLD COAST CITY $440 UP* $370 UP $395 UP 4.3% STEADY 5.4% STEADYSUNSHINE COAST $410 UP* $325 UP $400 UP* 4.5% STEADY 5.1% UPNOOSA $430 UP* $375 UP* $500 UP* 4.0% DOWN 4.9% DOWNFRASER COAST $285 UP $245 UP* $310 STEADY 4.8% DOWN 6.9% UP*CAIRNS $360 UP* $280 STEADY $350 STEADY 5.1% UP 5.2% DOWN*REGIONAL QLDBUNDABERG $285 UP $225 UP $280 DOWN* 5.1% DOWN 5.2% UP*GLADSTONE $300 DOWN* $250 DOWN* $360 DOWN* 4.1% DOWN 4.5% DOWN*MACKAY $320 DOWN* $245 DOWN* $350 DOWN* 4.3% DOWN 4.8% UP*ROCKHAMPTON $295 DOWN* $230 DOWN* $345 DOWN* 5.2% STEADY 3.9% UPTOOWOOMBA $310 UP* $250 UP $300 DOWN* 4.6% STEADY 4.5% DOWNTOWNSVILLE CITY $320 DOWN* $280 STEADY $340 DOWN 4.9% UP 5.2% UP

RENTAL MARKET

Regional Queensland’s vacancy rates are incrementally improving, while the southeast corner - the Gold Coast, Brisbane and the Sunshine Coast - powers on with healthy-to-tight market ratings.

Good news for investors as at the end of March 2015 with a small drop recorded in vacancy rates in Mackay, Gladstone and Rockhampton.

Likewise, investors on the Sunshine Coast, Gold Coast and Brisbane continued to enjoy tight vacancy rates, ensuring the best opportunity for return on investment.

On the Gold and Sunshine coasts continued tight conditions in rentals are due to two groups of investors at work – those who are selling to owner occupiers, thus reducing rental stock, and those who are buying properties which then adds to rental stock. The net effect of this activity is that vacancy rates remain static.

In Brisbane local agents say first home buyers are beginning to become more active, contributing to a softening of rental demand as they leave the rental market for their first mortgage. Investors are also becoming increasingly more active adding to supply and we anticipate that we will start to see a softening of Brisbane’s rental market over the rest of the year.


BRISBANE MARKET UPDATES

HOUSE PRICEPOINTS

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

1,078 1,234

571

22

1,079 1,276

540

19

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

BRISBANE SURROUNDS HOUSE SALES (p)

DEC 14 MAR 15INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND

58

541 629

117 54

532

667

119

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

GOLD COAST HOUSE SALES (p)

DEC 14 MAR 15

159

33 12

157

47

11

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

BUNDABERG HOUSE SALES (p)

DEC 14 MAR 15

161

214

103

158

245

87

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

CAIRNS & DOUGLAS HOUSE SALES (p)

DEC 14 MAR 15

202

60

6

227

70

13

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

FRASER COAST HOUSE SALES (p)

DEC 14 MAR 15

51 47

10

44 47

19

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

GLADSTONE HOUSE SALES (p)

DEC 14 MAR 15

222

165

65

200 166

51

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

TOWNSVILLE HOUSE SALES (p)

DEC 14 MAR 15

64 73

23

77 83

40

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

MACKAY HOUSE SALES (p)

DEC 14 MAR 15

142

60

19

133

72

22

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

ROCKHAMPTON & LIVINGSTONE HOUSE SALES (p)

DEC 14 MAR 15

130

788

1,922

332 129

753

1,840

247

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

BRISBANE CITY HOUSE SALES (p)

DEC 14 MAR 15271

200

87

239

196

70

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

TOOWOOMBA HOUSE SALES (p)

DEC 14 MAR 15

88

459 426

46 62

443 445

55

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

SUNSHINE COAST & NOOSA HOUSE SALES (p)

DEC 14 MAR 15

UNIT PRICEPOINTS


47

310

770

427

4755

342

811

468

49

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

BRISBANE CITY UNIT SALES (p)

DEC 14 MAR 15

225 239

100

46

3

256237

137

86

10

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

BRISBANE SURROUNDS UNIT SALES (p)

DEC 14 MAR 15

INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND

179

419

321

165

33

239

493431

202

32

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

GOLD COAST UNIT SALES (p)

DEC 14 MAR 15

83

215

177

101

35

97

231 221

116

18

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

SUNSHINE COAST & NOOSA UNIT SALES (p)

DEC 14 MAR 15

16

107

2

21

8

4 3

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

BUNDABERG UNIT SALES (p)

DEC 14 MAR 15

205

6732 23

165

5031 18

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

CAIRNS & DOUGLAS UNIT SALES (p)

DEC 14 MAR 15

1916

61

28

19

6

0

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

FRASER COAST UNIT SALES (p)

DEC 14 MAR 15

9

54

0

7

4

2

0

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

GLADSTONE UNIT SALES (p)

DEC 14 MAR 15

39

2417 20

54

41

18 16

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

TOWNSVILLE UNIT SALES (p)

DEC 14 MAR 15

6 57

5

19

13

3 3

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

MACKAY UNIT SALES (p)

DEC 14 MAR 15

912

3

7

23

11 10

4

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

ROCKHAMPTON & LIVINGSTONE UNIT SALES (p)

DEC 14 MAR 15

28

40

104

36

52

14

4

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

TOOWOOMBA UNIT SALES (p)

DEC 14 MAR 15

BRISBANE CITYThe biggest news in this market is the drop in Brisbane’s median house price to below $600,000 – to $580,000 – after a brief flirtation of just one quarter at this benchmark.

The small drop, of 3.3 per cent, is largely due to flatter activity in the prestige market following a robust final quarter of 2014.

The first quarter of the year is historically a quieter time for sales activity and that held true in 2015 with total house sales activity down eight per cent.

The long-term trend in sales volumes however remains strong with activity up on the same time last year. This steady growth in sales volumes bodes well for property buyers in the state’s capital city, as price growth has remained in check.

Brisbane’s rental market remains healthy with vacancy rates at the end of March down since the end of 2014. Concerns of an oversupply in the inner city rental market may be eased with new data from the Residential Tenancies Authority pointing toward demand keeping relatively apace of supply.

HOUSE MARKET

Over the quarter, Brisbane’s median house price was down 3.3 per cent on the back of a drop in activity most notably in the upper end of the market. Sales in the $500,000 and $1 million-plus price points recorded larger drops in preliminary numbers than was seen in the more affordable price points.

However, figures for the year ending March 2015 clearly show that Brisbane’s house prices are starting to lift, with the median house price up 7.2 per cent compared to the previous year.

The proportion of profit-making sales also continues to trend upwards with 92 per cent of vendors in Brisbane over the year to February achieving a sale price higher than what they originally paid.

Along with improving days on market and vendor discounting rates, listing numbers have also now vastly improved as more vendors recognise that now is the time sell. Particularly for up-graders as any price increase they may make on the sale of their current home will also mean paying a higher price for their next home purchase.

In line with general trends during an upswing in the market, it’s the inner city suburbs that are taking the lead in terms of median price growth. The likes of Highgate Hill, Teneriffe and Balmoral top the list with more than 30 per cent growth in the median house price compared to five years ago.

UNIT MARKET

While the house market took a breather over the quarter, unit and townhouse sales were up, with both inner and outer ring suburbs performing well. Inner suburbs of Kangaroo Point, Morningside, Indooroopilly and St Lucia all saw an increase in buyer activity while Chermside and Eight Mile Plains both recorded 11 more preliminary unit sales compared with the previous quarter.

Time on market also continues to improve for Brisbane’s unit and townhouse market. Unit listings are spending on average two weeks fewer on the market compared with a year ago, while vendors now only have to drop their original list price by an average 4.7 per cent.

Buyer activity was also most prominent in the $350,000-plus price point, up 41 sales compared to the December quarter, as was the $500,000-plus price point. This combined with steady sales in the prestige market saw the overall median unit and townhouse price increase 1.4 per cent over the quarter.

RENTAL MARKET

At the end of March, Brisbane City recorded a vacancy rate of 2.5 per cent, with both the inner and outer suburbs recording a drop compared to the end of December.

According to local agents, the outer ring suburbs are receiving increased tenant demand from those being priced out of the inner suburbs or simply wanting to get more for their money.

The continued supply of new apartments in the inner city remains a concern however REIQ analysis of approximate new dwelling counts from against the increase in total bonds held by the RTA show that tenant demand is there.

Local agents in the inner Brisbane area also say that minimising vacancy levels is paramount to the viability of the residential letting agency business managing each new apartment. Good relationship management with their new landlords, coupled with offering rental incentives to prospective tenants, is said to contribute significantly to keeping vacancy levels low.

7 MARCH QUARTER 2015


SALES MARKET - HOUSES

SUBURB NUMBER OF SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

SALES MARKET - HOUSES (CONT’D)


MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

BRISBANE (LGA) ~ 3091 $580,000 -3.3% $587,000 7.2% 15.1%

BRISBANE (LGA) ^ 71 $975,000 2.6% $980,000 12.0% 8.9%

ACACIA RIDGE 18 $351,250 3.3% $347,500 10.3% 3.7%

ALBION 3 N/A N/A $702,500 4.2% 22.8%

ALDERLEY 13 $668,000 -6.0% $697,500 7.3% 19.0%

ALGESTER 31 $462,000 4.0% $462,000 10.0% 11.3%

ANNERLEY 21 $650,000 0.4% $660,000 10.5% 20.5%

ASCOT ~ 13 $1,496,000 20.6% $1,352,500 20.0% 17.6%

ASHGROVE 26 $836,000 -0.5% $812,500 3.9% 22.2%

ASPLEY 47 $531,250 2.2% $534,000 9.5% 15.3%

AUCHENFLOWER 8 N/A N/A $907,100 10.8% 16.3%

BALD HILLS 16 $387,500 -5.9% $385,000 3.4% -1.1%

BALMORAL ~ 26 $975,000 2.1% $950,000 11.4% 31.5%

BANYO 23 $427,500 -3.9% $430,000 1.2% 4.2%

BARDON 31 $810,000 0.2% $839,000 14.3% 14.9%

BELLBOWRIE 14 $455,000 9.6% $452,500 0.6% -1.6%

BELMONT 14 $595,000 2.9% $583,500 6.5% 2.4%

BOONDALL 32 $450,000 5.4% $428,750 2.6% 3.3%

BRACKEN RIDGE 61 $442,500 1.7% $425,000 2.4% 2.7%

BRIDGEMAN DOWNS 21 $735,000 5.4% $700,000 4.5% 4.5%

BRIGHTON 37 $413,500 -13.9% $441,000 7.6% 10.7%

BROOKFIELD ^ 3 N/A N/A $1,269,000 N/A N/A

BULIMBA ~ 18 $1,265,000 17.7% $1,075,000 9.7% 27.2%

CALAMVALE 38 $570,000 -1.0% $570,000 7.3% 15.2%

CAMP HILL ~ 42 $711,000 -8.0% $733,750 7.1% 20.3%

CANNON HILL ~ 18 $597,500 -9.8% $660,000 10.9% 28.2%

CARINA 27 $578,500 5.2% $563,500 8.4% 17.4%

CARINA HEIGHTS ~ 11 $635,000 14.0% $605,500 5.2% 16.6%

CARINDALE 37 $700,000 -4.8% $702,500 2.6% 4.1%

CARSELDINE 34 $552,500 -9.8% $567,250 9.1% 8.7%

CHAPEL HILL 45 $688,000 -0.6% $688,000 6.2% 8.5%

CHELMER ~ 4 N/A N/A $1,037,500 29.7% 16.6%

CHERMSIDE ~ 10 $480,000 -2.4% $573,500 18.2% 25.9%

CHERMSIDE WEST ~ 20 $522,500 1.0% $520,000 17.1% 14.7%

CLAYFIELD 32 $1,032,000 8.3% $907,500 11.7% 5.2%

COOPERS PLAINS 16 $508,194 10.5% $482,000 3.7% 14.8%

COORPAROO 32 $735,000 -6.4% $747,500 10.4% 14.1%

CORINDA ~ 16 $691,250 7.2% $650,000 18.2% 11.6%

DARRA 7 N/A N/A $342,500 7.0% -0.7%

DEAGON 10 $405,000 9.5% $410,500 10.9% 7.5%

DOOLANDELLA 6 N/A N/A $425,000 3.4% 21.4%

DREWVALE 16 $535,000 9.5% $500,000 9.9% 5.3%

DURACK 14 $383,500 -5.3% $375,000 10.3% 5.6%

EAST BRISBANE 13 $802,750 12.3% $751,000 13.2% 13.1%

EIGHT MILE PLAINS 22 $750,000 7.9% $671,900 6.8% 14.9%

ENOGGERA 18 $740,000 N/A $620,000 11.0% 21.9%

EVERTON PARK 26 $533,000 4.9% $519,000 3.6% 15.0%

FAIRFIELD ~ 7 N/A N/A $700,000 26.1% 17.6%

FERNY GROVE 11 $515,500 -0.9% $520,000 -3.7% 6.9%

FIG TREE POCKET 11 $825,000 3.4% $825,000 3.1% 3.3%

FITZGIBBON 14 $422,500 -4.2% $426,500 7.0% 4.0%

FOREST LAKE 103 $400,000 3.1% $398,000 2.7% 2.1%

GAYTHORNE ~ 9 N/A N/A $650,000 19.3% 13.8%

GEEBUNG 8 N/A N/A $465,000 6.9% 8.1%

GORDON PARK ~ 15 $694,000 -15.1% $710,000 9.7% 24.6%

GRACEVILLE ~ f 14 $735,000 -32.6% $725,000 0.8% 14.2%

GRANGE 16 $680,000 -13.8% $770,000 13.4% 4.8%

GREENSLOPES ~ 22 $728,500 17.5% $645,000 9.3% 16.2%

HAMILTON ~ 14 $985,000 -27.2% $1,123,000 -5.8% -1.5%

HAWTHORNE ~ 23 $1,155,000 7.4% $1,090,000 14.1% 28.3%

HEATHWOOD 7 N/A N/A $532,000 -6.4% 0.9%

HEMMANT 5 N/A N/A $420,000 9.8% -1.2%

HENDRA ~ 22 $723,500 -15.9% $830,000 9.2% 7.4%

HIGHGATE HILL ~ 10 $1,100,000 8.9% $1,085,000 35.6% 41.6%

HOLLAND PARK 35 $637,000 -3.5% $630,000 13.5% 21.7%

HOLLAND PARK WEST 25 $634,250 4.7% $605,125 8.6% 15.3%

INALA 47 $318,000 3.4% $310,000 10.1% 5.1%

INDOOROOPILLY 24 $822,500 6.5% $790,000 9.7% 25.4%

JAMBOREE HEIGHTS 18 $425,000 N/A $447,000 6.2% 5.2%

JINDALEE 28 $531,250 6.5% $500,000 7.5% 8.0%

KANGAROO POINT 4 N/A N/A $767,250 2.0% 16.7%

KARANA DOWNS 7 N/A N/A $382,500 -2.5% -9.0%

KARANA DOWNS ^ 4 N/A N/A $486,500 9.3% -3.7%

KEDRON 28 $627,500 3.1% $625,000 7.8% 26.3%

KELVIN GROVE 15 $750,000 7.8% $710,000 8.0% 14.2%

KENMORE 35 $577,500 2.2% $576,250 1.1% 10.8%

KEPERRA 30 $463,500 -0.3% $462,000 10.4% 7.4%

KURABY 15 $596,000 4.0% $578,250 2.8% 7.9%

LOTA ~ 25 $530,000 -23.2% $550,000 0.5% 17.6%

LUTWYCHE ~ 10 $950,000 30.1% $740,000 N/A 28.1%

MACGREGOR 12 $602,500 -10.5% $634,000 6.4% 24.3%

MACKENZIE 4 N/A N/A $690,500 7.1% 10.5%

MANLY 23 $760,000 -3.8% $695,000 9.8% 3.9%

MANLY WEST 53 $510,000 -6.8% $522,000 8.8% 7.6%

MANSFIELD 22 $528,000 -4.0% $551,625 6.1% 10.4%

MCDOWALL 29 $575,000 -7.3% $595,000 6.8% 10.2%

MIDDLE PARK 11 $562,000 8.0% $540,001 5.7% 6.3%

MITCHELTON 36 $550,000 -5.2% $565,000 5.6% 14.6%

MOGGILL 18 $527,500 N/A $502,500 -0.1% 7.8%

MOOROOKA 18 $505,000 -8.8% $552,500 7.3% 15.1%

MORNINGSIDE ~ 29 $755,000 19.4% $644,500 4.2% 13.2%

MOUNT GRAVATT 10 $652,250 12.7% $566,250 1.6% 17.0%

MOUNT GRAVATT EAST 43 $547,500 -2.2% $557,000 8.2% 19.8%

MURARRIE ~ * 11 $575,000 -3.4% $575,000 21.0% 23.7%

NEW FARM ~ 12 $1,326,250 6.1% $1,300,000 10.1% 28.1%

NEWMARKET ~ 14 $630,000 -17.7% $742,500 7.6% 12.5%

NORMAN PARK ~ 17 $915,000 18.4% $780,000 14.0% 17.3%

NORTHGATE 15 $678,000 4.3% $620,000 12.7% 19.2%

NUDGEE ~ 5 N/A N/A $569,000 17.3% 20.7%

NUNDAH ~ 20 $560,000 -22.2% $665,000 8.0% 17.7%

OXLEY 25 $501,650 -4.6% $500,000 9.9% 13.6%

PADDINGTON ~ 21 $800,000 -10.9% $880,000 -1.0% 20.6%

PARKINSON 37 $575,500 -1.3% $582,000 7.9% 16.9%

PULLENVALE ^ 8 N/A N/A $940,000 1.3% -3.1%

RED HILL ~ 10 $866,000 14.7% $775,000 9.3% 13.1%

RICHLANDS 2 N/A N/A $401,500 N/A -4.7%

RIVERHILLS 16 $463,750 10.4% $445,000 5.0% 6.2%

ROBERTSON 6 N/A N/A $734,440 2.4% 11.9%

ROCKLEA ~ 9 N/A N/A $370,000 14.7% -2.6%

RUNCORN 39 $480,050 -10.9% $501,400 11.9% 18.5%

SALISBURY 21 $513,000 0.6% $503,000 8.2% 16.3%

SANDGATE 16 $540,000 6.6% $530,000 0.4% 6.0%

SEVEN HILLS 7 N/A N/A $678,750 9.6% 17.0%

SEVENTEEN MILE ROCKS 9 N/A N/A $577,500 -2.2% 16.4%

SHERWOOD ~ 13 $935,500 11.0% $840,000 15.5% 23.9%

SHORNCLIFFE 7 N/A N/A $721,000 -1.9% 9.9%

SINNAMON PARK 11 $577,500 -11.8% $620,000 7.8% 2.5%

SPRING HILL ~ 2 N/A N/A $900,000 N/A 26.8%

ST LUCIA ~ 12 $1,138,000 18.4% $1,077,500 12.1% 17.1%

STAFFORD 22 $542,000 0.7% $542,000 11.8% 19.9%

STAFFORD HEIGHTS 27 $538,000 2.5% $517,000 4.2% 12.4%

STRETTON 15 $740,000 -5.3% $747,500 13.3% 15.0%

SUNNYBANK ~ 35 $570,500 -17.5% $632,750 8.7% 24.1%

SUNNYBANK HILLS 49 $590,500 3.6% $586,000 9.8% 20.8%

TAIGUM 12 $480,000 N/A $480,000 12.9% 6.7%

TARINGA 19 $695,000 -13.2% $750,000 0.0% -3.4%

TARRAGINDI 38 $653,614 -3.9% $645,500 12.3% 17.4%

TENERIFFE ~ 3 N/A N/A $1,559,000 N/A 35.6%

THE GAP 53 $610,000 2.8% $585,000 2.6% 10.8%

TINGALPA 35 $465,000 1.5% $465,000 5.6% 8.1%

TOOWONG ~ 23 $700,000 -20.5% $775,000 9.8% 14.0%

UPPER KEDRON 20 $548,750 -6.2% $560,000 3.2% 3.8%

UPPER MOUNT GRAVATT 27 $550,000 3.8% $550,000 9.9% 20.9%

VIRGINIA ~ 10 $597,500 12.9% $529,500 17.7% 19.9%

WAKERLEY 39 $680,000 -13.9% $700,000 5.4% 20.7%

WAVELL HEIGHTS 57 $630,750 6.0% $619,000 14.6% 24.9%

WEST END ~ 9 N/A N/A $952,500 4.7% 29.7%

WESTLAKE 11 $682,500 12.5% $610,000 -2.8% 4.3%



SALES MARKET - UNITS & TOWNHOUSES

SALES MARKET - UNITS & TOWNHOUSES (CONT’D)


MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

BRISBANE (LGA) 1769 $424,500 1.4% $424,000 3.4% 6.5%

ACACIA RIDGE * t 11 $348,000 0.0% $348,000 N/A N/A

ALBION 13 $370,000 N/A $414,500 -1.8% -3.6%

ALDERLEY ~ 12 $425,000 -20.2% $478,000 9.3% 33.1%

ALGESTER 9 N/A N/A $315,000 5.2% -7.4%

ANNERLEY 19 $371,000 -11.7% $420,000 5.5% 10.8%

ASCOT ~ 24 $419,000 -16.2% $435,000 11.6% 10.5%

ASHGROVE 11 $442,500 9.3% $497,500 18.3% 24.4%

ASPLEY 5 N/A N/A $387,500 4.4% 3.3%

AUCHENFLOWER 17 $447,500 9.1% $455,000 -5.5% 5.8%

BALMORAL 5 N/A N/A $505,500 3.7% 15.9%

BANYO 4 N/A N/A $503,250 N/A 1.8%

BARDON 11 $640,000 N/A $605,000 14.2% 2.5%

BOONDALL 1 N/A N/A $394,000 2.3% N/A

BOWEN HILLS ~ 16 $499,000 20.2% $421,875 1.2% 1.1%

BRACKEN RIDGE 9 N/A N/A $321,500 N/A -9.4%

BRISBANE CITY 111 $485,500 -1.3% $490,000 1.0% 11.4%

BULIMBA 29 $525,000 -2.3% $560,000 -2.6% 0.9%

CALAMVALE 31 $382,750 1.5% $378,900 5.0% 5.7%

CAMP HILL 5 N/A N/A $457,500 6.9% 22.0%

CARINA 21 $410,000 -8.8% $445,000 4.7% 5.0%

CARINA HEIGHTS 9 N/A N/A $459,000 5.5% 2.6%

CARINDALE ~ t 4 N/A N/A $507,500 26.7% -2.9%

CARSELDINE 10 $393,250 2.9% $393,250 7.2% 9.2%

CHERMSIDE 37 $404,000 -1.5% $400,979 -1.0% -3.4%

CLAYFIELD 41 $389,000 4.0% $392,000 3.2% 6.8%

COOPERS PLAINS 6 N/A N/A $404,000 -3.4% N/A

COORPAROO 41 $388,000 -0.1% $385,000 0.7% 3.5%

EAST BRISBANE 14 $425,000 -6.2% $430,000 5.8% -2.2%

EIGHT MILE PLAINS 28 $395,000 0.9% $389,500 4.9% 5.3%

ENOGGERA 3 N/A N/A $390,000 -6.0% 3.3%

EVERTON PARK 14 $389,000 -1.5% $425,000 11.8% 17.4%

FAIRFIELD ~ f 2 N/A N/A $432,000 26.1% N/A

FORTITUDE VALLEY * 57 $438,000 -10.6% $480,000 14.8% 15.7%

GAYTHORNE 8 N/A N/A $440,000 7.3% 10.6%

GORDON PARK 13 $409,000 N/A $370,000 -1.6% 2.8%

GREENSLOPES 25 $345,000 4.9% $359,000 -1.6% -3.0%

HAMILTON 23 $492,000 -8.9% $542,500 7.4% 19.0%

HAWTHORNE 6 N/A N/A $550,000 15.8% 27.2%

HIGHGATE HILL 13 $527,500 -5.8% $510,000 -7.1% 21.9%

HOLLAND PARK WEST 9 N/A N/A $380,000 3.8% N/A

INDOOROOPILLY 28 $417,500 -3.1% $432,250 1.8% -2.9%

KANGAROO POINT f 52 $486,000 -13.4% $490,000 -3.5% 2.1%

KEDRON ~ * t 11 $355,750 -25.5% $414,500 19.4% 21.9%

KELVIN GROVE * 23 $480,000 7.9% $460,000 -6.1% 6.5%

WILSTON 12 $865,000 -6.5% $862,000 9.3% 5.1%

WINDSOR ~ 19 $675,000 -14.6% $726,000 4.8% 10.9%

WISHART 30 $620,888 0.1% $587,500 7.2% 11.9%

WOOLLOONGABBA 10 $718,750 -3.7% $670,000 11.6% 15.5%

WOOLOOWIN ~ 14 $937,500 36.9% $699,000 -11.0% 6.7%

WYNNUM ~ 48 $620,000 3.3% $585,550 14.8% 18.9%

WYNNUM WEST 47 $454,000 -2.7% $475,000 5.8% 5.6%

YERONGA 11 $740,000 -5.1% $715,000 10.4% 5.9%

ZILLMERE 29 $430,000 4.9% $409,500 7.3% 7.8%

KENMORE 8 N/A N/A $515,000 N/A N/A

LUTWYCHE 18 $392,000 -8.8% $402,500 1.6% 10.3%

MANLY WEST 8 N/A N/A $370,000 8.0% -5.0%

MILTON 7 N/A N/A $491,500 19.3% -11.3%

MOOROOKA ~ 12 $379,500 19.3% $380,000 2.2% 5.0%

MORNINGSIDE 50 $434,500 -5.8% $467,750 3.7% 7.5%

MOUNT GRAVATT 5 N/A N/A $443,000 N/A N/A

MOUNT GRAVATT EAST 18 $381,500 0.9% $392,500 -5.3% 6.7%

NEW FARM 51 $566,000 7.1% $568,600 7.3% 16.0%

NEWMARKET 6 N/A N/A $445,000 0.2% 11.9%

NEWSTEAD 14 $652,500 -13.0% $730,100 -4.6% 43.2%

NORMAN PARK 2 N/A N/A $521,000 13.3% 12.9%

NORTHGATE 5 N/A N/A $409,000 17.0% 12.8%

NUNDAH * 64 $391,000 4.3% $383,373 -7.6% -8.7%

PADDINGTON 9 N/A N/A $454,901 -2.1% -0.2%

RED HILL 9 N/A N/A $447,500 11.9% 28.8%

RICHLANDS 2 N/A N/A $351,900 4.7% 6.6%

RUNCORN 23 $323,000 -0.6% $329,500 -0.2% -2.9%

SANDGATE 2 N/A N/A $455,000 N/A N/A

SHERWOOD 8 N/A N/A $465,000 6.1% 2.2%

SINNAMON PARK 6 N/A N/A $460,000 N/A N/A

SOUTH BRISBANE * 39 $472,750 0.6% $475,000 0.0% 13.8%

SPRING HILL 33 $430,000 -1.2% $423,500 17.0% 8.6%

ST LUCIA 42 $450,000 -8.0% $482,500 -1.5% 4.9%

STAFFORD 9 N/A N/A $395,000 0.0% 5.3%

SUNNYBANK HILLS 18 $365,500 N/A $363,000 13.4% 0.0%

TAIGUM * t 13 $298,000 -4.8% $378,000 20.0% 5.0%

TARINGA 41 $450,000 3.0% $435,000 8.3% 5.7%

TENERIFFE ~ 41 $565,000 13.8% $595,000 0.4% 9.2%

THE GAP 8 N/A N/A $450,000 0.2% 8.4%

TINGALPA 8 N/A N/A $355,000 8.8% 2.9%

TOOWONG 47 $415,000 -3.2% $435,000 0.5% 0.0%

UPPER MOUNT GRAVATT ~ * 9 N/A N/A $450,000 25.5% 19.4%

WAKERLEY 7 N/A N/A $415,000 -4.0% N/A

WAVELL HEIGHTS 6 N/A N/A $440,000 18.9% -3.3%

WEST END * 31 $531,104 -1.6% $545,000 6.7% -0.9%

WILSTON 3 N/A N/A $437,500 N/A -4.9%

WINDSOR 17 $425,000 -7.6% $426,250 -5.3% 17.1%

WISHART 6 N/A N/A $380,000 5.6% 7.0%

WOOLLOONGABBA 5 N/A N/A $400,000 0.0% -5.9%

WOOLOOWIN 2 N/A N/A $361,250 -2.4% -1.0%

WYNNUM 10 $377,000 3.3% $370,000 1.4% 0.0%

WYNNUM WEST 12 $327,000 N/A $336,750 -9.8% 2.0%

YEERONGPILLY 1 N/A N/A $422,000 N/A -3.0%

YERONGA 17 $391,000 -1.0% $445,500 9.9% 11.4%

ZILLMERE 23 $353,500 5.5% $365,000 3.8% 2.8%

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

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RENTAL MARKET - 3 BED HOUSES (CONT’D)POST MAR-15 MAR-14

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

RENTAL MARKET - 3 BED HOUSESPOST MAR-15 MAR-14


RENTAL MARKET - 2 BED UNITS

SALES MARKET - VACANT LAND


MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

BRISBANE (LGA) 123 $335,000 -2.9% $330,000 11.9% 17.9%

BRISBANE (LGA) ^ 8 N/A N/A $675,000 -2.2% 38.0%

BRIDGEMAN DOWNS 6 N/A N/A $360,500 -2.3% 0.7%

BRIGHTON 0 N/A N/A $278,000 -0.7% N/A

CARINDALE * 6 N/A N/A $480,000 N/A N/A

FITZGIBBON * ~ 11 $255,100 29.8% $214,900 53.5% -2.3%

HEATHWOOD 17 $268,000 N/A $268,000 1.1% 12.6%

KURABY 2 N/A N/A $334,500 N/A N/A

MOGGILL 1 N/A N/A $250,000 -5.7% 1.0%

RICHLANDS 4 N/A N/A $244,900 N/A 11.3%

ROCHEDALE * 9 N/A N/A $438,000 10.3% N/A

UPPER KEDRON 2 N/A N/A $318,000 7.8% 1.0%

WYNNUM 0 N/A N/A $330,000 N/A N/A

BRISBANE CITY $430 3126 $420 3234

BAYSIDE $425 147 $400 139

4178 WYNNUM $420 95 $400 92

4179 MANLY $430 52 $415 47

CITY INNER $550 309 $530 334

4000 BRISBANE CITY $600 22 $580 31

4005 NEW FARM $650 22 $795 18

4006 BOWEN HILLS $550 15 $500 20

4064 PADDINGTON $570 73 $550 63

4066 TOOWONG $515 58 $490 68

4067 ST LUCIA $500 25 $500 32

4101 WEST END $560 36 $580 35

4102 WOOLOONGABBA $510 19 $485 21

4169 EAST BRISBANE $500 39 $510 46

NORTH - INNER $460 334 $470 382

4007 ASCOT $550 26 $500 22

4010 ALBION $480 13 $470 6

4011 CLAYFIELD $500 40 $500 43

4012 NUNDAH $440 55 $420 68

4030 LUTWYCHE $480 57 $485 61

4031 GORDON PARK $450 46 $420 53

4051 ALDERLEY $465 95 $470 127

NORTH - OUTER $395 397 $390 393

4013 NORTHGATE $380 16 $385 18

4014 VIRGINIA $395 40 $390 45

4017 BRACKEN RIDGE $395 96 $400 107

4018 FITZGIBBON $380 25 $390 30

4032 CHERMSIDE $395 65 $400 58

4034 ASPLEY $400 133 $390 113

4036 BALD HILLS $380 22 $365 22

NORTH WEST - INNER $550 153 $520 131

4059 KELVIN GROVE $550 79 $530 58

4060 ASHGROVE $490 32 $490 35

4065 BARDON $530 42 $500 38

NORTH WEST - OUTER $430 262 $420 277

4053 STAFFORD $420 152 $420 177

4054 ARANA HILLS $430 68 $410 59

BRISBANE CITY $410 5725 $400 5408

BAYSIDE $350 37 $335 46

4178 WYNNUM $360 27 $350 36

4179 MANLY $345 10 $270 10

CITY INNER $490 2368 $480 2284

4000 BRISBANE CITY $600 339 $580 399

4005 NEW FARM $500 287 $500 299

4006 BOWEN HILLS $495 387 $490 284

4064 PADDINGTON $400 75 $410 82

4066 TOOWONG $410 314 $400 281

4067 ST LUCIA $430 259 $440 295

4101 WEST END $520 374 $510 340

4102 WOOLOONGABBA $480 80 $460 85

4169 EAST BRISBANE $470 251 $470 218

NORTH - INNER $370 1184 $360 1027

4007 ASCOT $420 198 $420 175

4010 ALBION $410 61 $385 27

4011 CLAYFIELD $350 156 $360 173

4012 NUNDAH $370 274 $370 200

4030 LUTWYCHE $375 196 $350 166

4031 GORDON PARK $340 104 $340 84

4051 ALDERLEY $360 195 $350 202

NORTH - OUTER $350 280 $350 266

4013 NORTHGATE $335 36 $295 28

4014 VIRGINIA $380 5 N.A. 4

4017 BRACKEN RIDGE $300 15 $295 18

4018 FITZGIBBON $335 8 $315 13

4032 CHERMSIDE $365 134 $360 111

4034 ASPLEY $340 82 $360 92

4061 THE GAP $460 42 $425 41

SOUTH - INNER $430 380 $420 384

4103 ANNERLEY $465 58 $450 60

4104 YERONGA $470 11 $450 20

4105 MOOROOKA $410 43 $405 52

4120 GREENSLOPES $450 30 $450 20

4121 HOLLAND PARK $430 81 $430 92

4122 MANSFIELD $400 153 $405 136

SOUTH - OUTER $390 298 $380 300

4106 ROCKLEA $360 10 $380 17

4107 SALISBURY $380 24 $370 15

4108 COOPERS PLAINS $400 23 $375 23

4109 MACGREGOR $395 102 $390 81

4110 ACACIA RIDGE $340 39 $345 54

4112 KURABY $370 7 $360 11

4113 EIGHT MILE PLAINS $395 47 $380 65

4115 ALGESTER $390 30 $410 17

4116 CALAMVALE $400 16 $415 17

SOUTH EAST - INNER $470 321 $460 314

4151 COORPAROO $455 58 $455 55

4152 CAMP HILL $450 113 $460 102

4170 CANNON HILL $485 96 $480 94

4171 BALMORAL $540 34 $560 43

4172 MURARRIE $425 20 $430 20

SOUTH EAST - OUTER $420 39 $400 47

4154 GUMDALE $480 7 $430 8

4173 TINGALPA $420 19 $400 25

4174 HEMANT $420 7 $400 8

SOUTH WEST - INNER $460 139 $450 169

4068 CHELMER $485 66 $480 79

4075 CORINDA $430 73 $430 90

SOUTH WEST - OUTER $365 347 $360 364

4069 BROOKFIELD $465 49 $445 50

4070 ANSTEAD $400 8 $385 10

4073 SEVENTEEN MILE ROCKS $425 22 $400 21

4074 JINDALEE $400 59 $400 67

4076 DARRA $340 34 $330 26

4077 DOOLANDELLA $320 68 $320 87

4078 FOREST LAKE $360 107 $355 103

LAND PRICEPOINTS


19

3136

1418

47

35

23

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

BRISBANE CITY LAND SALES (p)

DEC 14 MAR 15

344

5919 4

339

8129 3

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

BRISBANE SURROUNDS LAND SALES (p)

DEC 14 MAR 15Includes IPSWICH, LOGAN, MORETON BAY & REDLAND

91

36

9 9

73

179 8

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

GOLD COAST LAND SALES (p)

DEC 14 MAR 15

49

2619

13

52

26

14 15

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

SUNSHINE COAST & NOOSA LAND SALES (p)

DEC 14 MAR 15

29

0 0

48

0 0

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

BUNDABERG LAND SALES (p)

DEC 14 MAR 15

69

113

64

6 2

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

CAIRNS & DOUGLAS LAND SALES (p)

DEC 14 MAR 15

44

2 1

50

2 1

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

FRASER COAST LAND SALES (p)

DEC 14 MAR 15

20

20

15

02

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

GLADSTONE LAND SALES (p)

DEC 14 MAR 15

18

62

30

1 0

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

MACKAY LAND SALES (p)

DEC 14 MAR 15

35

40

43

1 1

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

ROCKHAMPTON & LIVINGSTONE LAND SALES (p)

DEC 14 MAR 15

27

2 0

34

4 2

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

TOOWOOMBA LAND SALES (p)

DEC 14 MAR 15

83

6 2

43

1 1

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

TOWNSVILLE LAND SALES (p)

DEC 14 MAR 15



RENTAL MARKET - 2 BED UNITS (CONT’D)POST MAR-15 MAR-14


RENTAL MARKET - 3 BED TOWNHOUSESPOST MAR-15 MAR-14


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

BRISBANE CITY $415 1896 $410 1859

BAYSIDE $400 63 $395 77

4178 WYNNUM $400 39 $400 36

4179 MANLY $410 24 $395 41

CITY INNER $580 97 $570 90

4005 NEW FARM $700 5 N.A. 3

4006 BOWEN HILLS $560 8 $520 13

4064 PADDINGTON $630 17 $600 10

4066 TOOWONG $535 20 $520 14

4067 ST LUCIA $600 26 $570 22

4101 WEST END $625 8 $660 10

4169 EAST BRISBANE $465 10 $570 8

NORTH - INNER $490 141 $490 139

4007 ASCOT $565 16 $580 14

4011 CLAYFIELD $600 13 $520 14

4012 NUNDAH $465 22 $450 20

4030 LUTWYCHE $500 16 $475 21

4031 GORDON PARK $450 26 $450 18

4051 ALDERLEY $485 44 $490 52

NORTH - OUTER $395 232 $390 195

4013 NORTHGATE $410 12 $410 15

4017 BRACKEN RIDGE $375 57 $365 36

4018 FITZGIBBON $395 58 $360 29

4032 CHERMSIDE $430 32 $430 36

4034 ASPLEY $395 61 $390 68

4036 BALD HILLS $286 10 $360 10

NORTH WEST - INNER $550 26 $500 29

4059 KELVIN GROVE $550 16 $500 18

4060 ASHGROVE $500 6 $490 7

NORTH WEST - OUTER $430 92 $420 49

4053 STAFFORD $430 77 $420 38

4054 ARANA HILLS $385 9 $385 10

4061 THE GAP $480 6 N.A. 1

SOUTH - INNER $435 185 $450 179

4103 ANNERLEY $500 32 $500 38

4104 YERONGA $450 22 $470 23

4105 MOOROOKA $440 29 $450 25

4120 GREENSLOPES $470 17 $510 25

4121 HOLLAND PARK $425 14 $450 5

4122 MANSFIELD $420 71 $420 62

SOUTH - OUTER $395 428 $390 458

4107 SALISBURY $480 15 $485 6

4109 MACGREGOR $410 81 $410 77

4110 ACACIA RIDGE $340 29 $340 56

4112 KURABY $375 34 $375 30

4113 EIGHT MILE PLAINS $410 150 $405 148

4115 ALGESTER $375 33 $385 46

4116 CALAMVALE $385 83 $385 92

SOUTH EAST - INNER $485 243 $480 259

4151 COORPAROO $500 19 $475 24

4152 CAMP HILL $450 117 $451 123

4170 CANNON HILL $500 68 $495 71

4171 BALMORAL $565 26 $610 29

4172 MURARRIE $500 13 $485 12


4153 BELMONT $430 11 $435 12

4154 GUMDALE $415 32 $410 49

4173 TINGALPA $390 15 $385 24

SOUTH WEST - INNER $465 107 $475 111

4068 CHELMER $530 43 $525 55

4075 CORINDA $400 64 $410 56

SOUTH WEST - OUTER $365 222 $350 186

4073 SEVENTEEN MILE ROCKS $420 9 $425 9

4074 JINDALEE $440 22 $455 17

4076 DARRA $375 37 N.A. 4

4077 DOOLANDELLA $355 120 $345 123

4078 FOREST LAKE $350 31 $360 29

NORTH WEST - INNER $455 279 $435 224

4059 KELVIN GROVE $500 202 $480 163

4060 ASHGROVE $410 65 $380 48

4065 BARDON $330 12 $310 13

NORTH WEST - OUTER $365 109 $380 97

4053 STAFFORD $365 108 $380 95

SOUTH - INNER $360 514 $360 504

4103 ANNERLEY $350 128 $350 134

4104 YERONGA $350 43 $350 45

4105 MOOROOKA $370 85 $350 61

4120 GREENSLOPES $360 110 $360 122

4121 HOLLAND PARK $340 39 $345 39

4122 MANSFIELD $395 105 $385 96

SOUTH - OUTER $315 82 $325 65

4106 ROCKLEA $295 5 $299 7

4109 MACGREGOR $380 42 $400 38

4113 EIGHT MILE PLAINS $395 8 N.A. 1

4115 ALGESTER $285 15 N.A. 3

SOUTH EAST - INNER $380 499 $375 440

4151 COORPAROO $360 200 $360 185

4152 CAMP HILL $370 60 $360 46

4170 CANNON HILL $400 122 $375 96

4171 BALMORAL $450 115 $425 109


4173 TINGALPA $325 7 $320 5

SOUTH WEST - INNER $390 349 $385 426

4068 CHELMER $390 298 $385 358

4075 CORINDA $390 51 $365 68

SOUTH WEST - OUTER $330 17 $335 23

4069 BROOKFIELD $330 7 $395 5

4078 FOREST LAKE $340 7 $340 12

The long-term trend in sales volumes however remains strong with activity up on the same time last year.



GREATER BRISBANE

FALLING


RISING

BRISBANE HOUSE MARKETSMarch Quarter 2015

Source: REIQ

Brisbane↑Moreton Bay

RedlandLogan

Ipswich

FALLING


RISING

QUEENSLAND HOUSE MARKETSMarch Quarter 2015

Source: REIQ

↑ToowoombaBrisbane SD↑Cairns

Gold CoastSunsine Coast

Fraser Coast

GladstoneTownsville RockhamptonBundaberg Mackay

Confidence in the state’s capital city residential market continues to strengthen with listing numbers up over the year to February and continued improvement in time on market and the level to which vendors have to discount from their initial list price.

According to local agents Brisbane’s relative affordability and rental returns compared to Sydney and Melbourne is likely going to mean an increase in investor activity moving forward.

The unit and townhouse market continues to strengthen in the outer suburbs with the landscape set to change in the face of new townhouse and low-rise unit developments. Investors are being attracted to such properties given the strong rental returns they are achieving. Local agents across the Greater Brisbane area say there are a good number of great buying opportunities for investors to have a positively geared investment, particularly with current interest rate levels.

The 2014 Brisbane City Plan, which identifies key growth corridors and centres, has infrastructure such as public transport and road upgrades flagged as paramount to the future growth of the state’s capital city.

HOUSE MARKET

Over the March quarter, sales activity across the Brisbane statistical division was down 5 per cent however this trend was not consistent across each of the council areas, with Ipswich bucking the trend with preliminary house sales numbers up 7 per cent compared to the December quarter.

Ipswich agents say the region is well-positioned for strong capital growth in the coming years as the south-east property market strengthens further. With the region tipped to be the fastest growing region in SEQ, local agents are very optimistic about the coming years for their area.

Over the March quarter, median house sale prices remained flat or eased somewhat on the back of an increase in buyer activity in the $350,000 to $500,000 price point. Over the year to March however all regions posted an increase in median house prices.

Taking all market indicators into consideration, Moreton Bay appears to be leading the way with the greatest improvement in average days on market over the year, now rivalling that of Ipswich at 71 days. Moreton Bay also now has the lowest rate of average vendor discounting coupled with the strongest increase in its median house sale price compared to a year ago, up 3.9 per cent.

UNIT MARKET

Unit markets across Greater Brisbane continue to strengthen, with sales activity up across all council areas over the quarter. Demand for this segment of the market is further evident in all areas except Redland, recording double digit growth in preliminary sales numbers over the year to March 2015.

While the upper end of the market saw an increase in the $500,000-plus price point over the quarter, so too did the affordable end, seeing unit and townhouse sales in the sub-$250,000 bracket record the highest number of preliminary sales.

This trend was strongest in Logan, which as a result saw its median unit sale price drop 5 per cent. Sales were up in the likes of suburbs such as Browns Plains where investors are getting healthy rental returns with the suburb well-placed in close proximity to Greenbank Military Camp, Logan Central and major arterial roads.

Strengthening demand for townhouses was evident across a number of suburbs with Kallangur, Griffin and Petrie in Moreton Bay all recording an increase in activity. According to local agents in Redcliffe the new rail line is a major boost for the area and is reportedly 6 months ahead of schedule.

RENTAL MARKET

Affordability continues to be king for the Greater Brisbane area, with vacancy levels holding steady across most regions. Ipswich, Logan and Moreton Bay all remained relatively unchanged since December, while a softening in demand was seen in Redland City.

After spending all of 2014 at a vacancy level sub-two per cent, Redland City has returned to healthier levels of vacancy, while Moreton Bay holds the tightest vacancy rate with local agents reporting continued strong tenant demand.

In Logan, vacancy rates held relatively steady at 2.1 per cent, however local agents say tenant enquiry levels are beginning to soften. Investor interest in the area is also said to be picking up, which indicates further easing in vacancy levels potentially to come.

Meanwhile in Ipswich, local agents are also saying their rental markets are quietening down, coupled with investor activity in new residential estates.



SHAILER PARK 50 $467,500 -2.6% $485,000 6.5% 4.3%

SLACKS CREEK 22 $297,000 -5.0% $305,000 8.2% 3.4%

SPRINGWOOD 29 $470,000 10.6% $440,500 5.9% 6.1%

TANAH MERAH 25 $422,350 8.3% $393,500 6.4% -3.4%

UNDERWOOD 16 $482,500 -0.5% $485,000 5.1% 13.8%

WATERFORD 17 $392,000 3.0% $360,000 1.3% -10.0%

WATERFORD WEST 17 $295,000 -1.7% $314,000 10.2% -4.3%

WINDAROO 6 N/A N/A $435,000 8.8% 7.4%

WOODRIDGE 23 $261,500 -0.2% $265,000 7.1% -1.9%

YARRABILBA 8 N/A N/A $377,068 2.8% N/A

MORETON BAY (LGA) 1195 $395,000 0.0% $395,000 3.9% 1.3%

MORETON BAY (LGA) ^ ~ 157 $560,000 -3.4% $580,000 5.5% 1.8%

ALBANY CREEK 39 $517,500 1.5% $505,000 0.0% 3.5%

ARANA HILLS 20 $477,000 -5.5% $490,000 11.6% 12.6%

BANKSIA BEACH 37 $479,000 -3.7% $490,000 12.6% 0.3%

BEACHMERE 14 $316,000 -5.7% $320,000 12.3% -11.1%

BELLARA 13 $319,000 -4.8% $336,500 8.5% -1.9%

BELLMERE 16 $335,000 -1.8% $335,000 6.3% -8.5%

BONGAREE 25 $422,500 11.2% $380,500 -1.8% -3.2%

BRAY PARK 31 $380,000 0.3% $375,000 7.1% 0.0%

BUNYA ^ 4 N/A N/A $750,000 N/A N/A

BURPENGARY 22 $387,500 4.7% $366,500 7.8% -0.1%

BURPENGARY ^ 10 $536,250 -1.6% $555,000 7.5% 6.5%

BURPENGARY EAST 2 N/A N/A $404,000 N/A N/A

BURPENGARY EAST ^ ~ 11 $569,000 14.8% $525,000 4.2% 2.3%

CABOOLTURE 69 $310,000 8.8% $287,500 1.7% -7.3%

CABOOLTURE ^ 13 $495,000 N/A $470,000 6.0% 1.0%

CABOOLTURE SOUTH 32 $247,500 -1.2% $267,971 3.1% -9.2%

CASHMERE 7 N/A N/A $661,250 9.8% 22.5%

CLONTARF 40 $382,500 -0.6% $382,500 7.4% 3.9%

DAKABIN 5 N/A N/A $425,750 6.8% 0.2%

DAYBORO ^ 2 N/A N/A $638,000 N/A N/A

DECEPTION BAY 70 $320,000 1.6% $312,000 9.5% -4.0%

EATONS HILL 26 $544,000 0.2% $553,000 5.3% 6.3%

ELIMBAH ^ 9 N/A N/A $484,500 -3.6% -3.1%

EVERTON HILLS 19 $509,000 2.8% $495,000 5.1% 8.8%

FERNY HILLS 28 $460,500 0.7% $466,000 3.1% 6.0%

GRIFFIN 16 $428,500 -1.5% $435,125 6.1% 7.0%

JOYNER 9 N/A N/A $530,000 5.0% 17.8%

KALLANGUR 78 $345,000 4.5% $345,000 4.5% -2.8%

KIPPA-RING 28 $360,000 0.0% $370,000 4.2% 0.0%

LAWNTON 15 $378,000 10.5% $352,000 8.3% 1.4%

MANGO HILL 26 $454,500 -9.1% $457,000 7.3% 0.5%

MARGATE 31 $385,000 -11.5% $386,000 5.8% 2.9%

MORAYFIELD 52 $316,750 -0.3% $316,000 5.3% -5.7%

MORAYFIELD ^ 16 $549,250 -1.0% $535,000 5.9% -2.7%

MURRUMBA DOWNS 31 $495,000 11.0% $453,750 3.7% 3.1%

NARANGBA 53 $430,000 -7.0% $425,000 2.3% -3.4%

NARANGBA ^ 3 N/A N/A $631,675 N/A 0.7%

NEWPORT 10 $798,750 7.2% $767,500 2.3% -1.0%

NINGI ^ 4 N/A N/A $495,000 4.2% 3.0%

NINGI ~ 12 $360,250 31.0% $368,500 8.4% 19.6%

NORTH LAKES 101 $456,000 3.6% $450,000 2.5% 1.4%

PETRIE 28 $404,000 -2.7% $391,000 8.5% 0.9%

REDCLIFFE 26 $391,000 4.3% $382,000 4.4% 3.2%

ROTHWELL 11 $375,000 -5.5% $391,000 8.6% 1.6%

SAMFORD VALLEY ^ 6 N/A N/A $885,000 9.3% 9.9%

SCARBOROUGH ~ f 29 $485,000 18.3% $457,500 1.4% 2.8%

STRATHPINE 18 $340,000 -5.6% $370,000 8.5% 5.7%

UPPER CABOOLTURE 5 N/A N/A $325,000 2.7% -6.0%

WAMURAN ^ 5 N/A N/A $523,000 13.7% 1.9%

WARNER 38 $505,000 5.2% $480,000 4.3% 4.3%

WARNER ^ 7 N/A N/A $748,000 N/A N/A

WOODY POINT 18 $386,250 -4.9% $406,000 5.5% 5.7%

WOORIM 5 N/A N/A $412,500 -0.2% -6.5%



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

BRISBANE (SD) 6097 $475,000 -1.5% $475,000 4.4% 8.4%

BRISBANE (SD) ^ 452 $560,000 1.8% $570,000 3.6% 1.8%

IPSWICH (LGA) 561 $315,500 -1.4% $310,025 2.7% -3.1%

IPSWICH (LGA) ^ ~ 52 $469,100 -3.8% $472,000 5.7% -0.1%

AUGUSTINE HEIGHTS 17 $499,000 -8.0% $519,000 3.2% -4.3%

BELLBIRD PARK 16 $352,500 9.3% $330,750 2.6% 0.2%

BOOVAL 5 N/A N/A $256,944 -0.2% -11.9%

BRASSALL 29 $309,500 -0.2% $310,000 0.0% -6.9%

BROOKWATER ~ * 9 N/A N/A $363,000 -4.5% -14.6%

BUNDAMBA 23 $267,000 -7.1% $280,000 3.9% 0.4%

CAMIRA 21 $350,000 1.3% $345,500 4.7% -1.3%

CHURCHILL 8 N/A N/A $242,000 N/A -4.6%

COLLINGWOOD PARK 27 $300,000 2.7% $305,000 2.2% -6.2%

DEEBING HEIGHTS 13 $390,000 N/A $390,000 N/A N/A

EAST IPSWICH 11 $270,000 0.2% $263,000 10.3% -4.9%

EASTERN HEIGHTS 16 $277,500 -7.5% $270,000 8.4% -5.9%

FLINDERS VIEW 16 $316,250 -10.7% $330,000 -5.6% -14.8%

GOODNA 17 $290,000 1.8% $286,000 4.0% -4.7%

IPSWICH 10 $360,000 N/A $297,000 -7.2% -10.5%

KARALEE ^ 13 $457,500 -9.4% $510,000 1.0% -5.4%

LEICHHARDT 7 N/A N/A $218,500 4.0% -12.6%

NEWTOWN 3 N/A N/A $316,250 2.7% -4.9%

NORTH BOOVAL 7 N/A N/A $235,000 2.2% -18.0%

NORTH IPSWICH 22 $245,000 -7.0% $258,750 12.5% -9.2%

ONE MILE 11 $245,000 N/A $237,500 8.0% -2.5%

RACEVIEW 38 $301,500 -3.4% $305,000 6.6% -4.7%

REDBANK PLAINS 53 $308,000 -0.7% $306,500 7.4% -1.8%

RIVERVIEW 9 N/A N/A $215,000 1.3% -15.7%

ROSEWOOD 6 N/A N/A $270,000 7.1% 3.8%

SILKSTONE 13 $244,000 -9.6% $252,500 -4.7% -8.2%

SPRINGFIELD 23 $390,077 6.3% $380,000 -1.3% 4.1%

SPRINGFIELD LAKES 44 $426,250 4.6% $410,000 6.5% 3.0%

TIVOLI 6 N/A N/A $235,000 N/A -13.6%

YAMANTO ~ 40 $430,000 0.0% $410,000 22.4% 15.5%

LOGAN (LGA) 743 $350,000 -1.1% $349,000 1.7% -1.7%

LOGAN (LGA) ^ 150 $510,000 2.0% $510,000 2.0% 0.0%

BEENLEIGH 23 $321,100 3.6% $301,500 5.8% -8.6%

BETHANIA 12 $290,000 N/A $293,500 3.9% -8.3%

BORONIA HEIGHTS 22 $313,000 -0.6% $320,000 5.6% 0.0%

BROWNS PLAINS 21 $305,000 -4.7% $300,000 -3.2% -9.1%

CEDAR GROVE ^ 8 N/A N/A $420,000 0.8% -1.2%

CEDAR VALE ^ 8 N/A N/A $430,000 -3.9% 1.2%

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

CORNUBIA ~ 21 $535,000 0.9% $525,000 15.4% 11.7%

CRESTMEAD 33 $300,750 7.4% $292,850 5.0% -7.0%

DAISY HILL 27 $436,000 1.4% $444,500 9.8% 12.0%

EAGLEBY 41 $270,000 11.1% $263,000 6.3% -9.3%

EDENS LANDING 16 $327,000 -11.6% $344,000 0.5% -5.8%

FORESTDALE ^ 6 N/A N/A $675,000 2.3% 11.3%

GREENBANK ^ 20 $507,500 -2.4% $526,500 4.1% -1.1%

HERITAGE PARK 18 $386,000 2.9% $395,000 4.6% -5.7%

HILLCREST 25 $335,000 1.1% $322,500 0.8% -3.7%

JIMBOOMBA 8 N/A N/A $363,000 -1.4% -2.4%

JIMBOOMBA ^ 27 $485,000 3.2% $459,000 2.0% -2.3%

KINGSTON 28 $275,000 1.3% $275,000 10.0% -3.5%

LOGAN CENTRAL 20 $278,000 3.0% $270,000 8.0% -3.2%

LOGAN RESERVE 7 N/A N/A $339,000 N/A N/A

LOGAN VILLAGE ^ 10 $507,500 N/A $487,250 -4.0% -6.3%

LOGANHOLME 26 $380,000 11.8% $360,000 0.0% -2.7%

LOGANLEA 15 $320,000 -3.8% $315,000 11.1% 0.0%

MARSDEN 30 $330,000 -0.9% $320,000 4.4% -0.5%

MEADOWBROOK 6 N/A N/A $377,500 7.9% -3.7%

MOUNT WARREN PARK 22 $352,000 9.3% $345,500 1.6% -4.4%

MUNRUBEN ^ 4 N/A N/A $494,250 1.9% -5.0%

NEW BEITH ^ 13 $500,000 N/A $546,000 0.2% 3.1%

REGENTS PARK 46 $346,250 -1.1% $359,500 1.8% -1.2%

ROCHEDALE SOUTH 50 $434,900 -4.4% $440,000 3.5% 6.0%



REDLAND (LGA) 507 $472,500 -1.4% $474,000 3.3% 3.0%

REDLAND (LGA) ^ 22 $827,500 -0.7% $825,000 3.8% 3.1%

ALEXANDRA HILLS 63 $420,000 4.0% $410,000 2.5% 1.1%

BIRKDALE 31 $490,000 5.4% $486,250 3.5% 4.6%

CAPALABA 41 $430,000 -2.3% $439,000 6.4% 7.2%

CAPALABA ^ 7 N/A N/A $830,000 0.0% 0.0%

CLEVELAND 50 $530,000 0.0% $520,000 1.0% 2.4%

MACLEAY ISLAND ~ 12 $178,500 70.8% $200,000 7.0% -14.9%

MOUNT COTTON 44 $473,000 -1.5% $475,000 4.1% 3.5%

ORMISTON ~ f 21 $488,000 -28.1% $577,500 1.3% -5.7%

REDLAND BAY ~ 56 $555,000 14.4% $522,000 8.8% 7.6%

RUSSELL ISLAND ~ 27 $165,000 -5.7% $170,000 -10.5% -28.6%

THORNESIDE ~ 10 $455,000 -7.1% $470,000 20.5% 7.6%

THORNLANDS 47 $540,000 2.1% $508,500 -1.3% -4.7%

THORNLANDS ^ 4 N/A N/A $848,250 N/A -2.3%

VICTORIA POINT 49 $485,000 -2.4% $480,000 3.3% 2.8%

WELLINGTON POINT 43 $550,000 -8.6% $554,000 6.9% 4.5%

SURROUNDS

LOCKYER VALLEY (LGA) 30 $241,000 -0.8% $245,550 2.3% -8.7%

LOCKYER VALLEY (LGA) ^ ~ 62 $387,500 9.2% $352,000 8.0% 3.5%

GATTON 15 $237,500 -10.0% $259,000 3.6% -10.1%

KENSINGTON GROVE ^ 4 N/A N/A $365,000 N/A -1.4%

LAIDLEY ~ 11 $241,000 14.9% $235,000 10.6% -3.9%

LAIDLEY HEIGHTS ^ 4 N/A N/A $302,000 N/A -2.6%

PLAINLAND ^ 4 N/A N/A $350,500 9.5% 9.5%

REGENCY DOWNS ^ 4 N/A N/A $300,000 2.7% -10.1%

WITHCOTT ^ 5 N/A N/A $378,500 4.4% N/A

SCENIC RIM (LGA) 66 $380,000 3.8% $360,000 3.2% 1.1%

SCENIC RIM (LGA) ^ 49 $492,000 -2.6% $499,000 8.5% 5.1%

BEAUDESERT 13 $313,000 0.0% $330,000 6.5% 6.5%

BOONAH 9 N/A N/A $255,000 -8.9% -6.4%

TAMBORINE ^ 10 $528,500 N/A $535,000 7.5% -1.8%

TAMBORINE MOUNTAIN 32 $453,500 3.1% $440,000 9.2% 0.0%

TAMBORINE MOUNTAIN ^ 3 N/A N/A $664,500 11.2% -11.6%

SOMERSET (LGA) ~ 23 $227,000 -8.3% $247,000 -5.0% -8.5%

SOMERSET (LGA) ^ 35 $380,000 0.0% $382,500 12.0% 4.8%

FERNVALE 3 N/A N/A $347,500 N/A 4.5%

FERNVALE ^ 7 N/A N/A $395,000 -0.4% N/A

KILCOY 5 N/A N/A $230,000 N/A -16.4%

LOWOOD 5 N/A N/A $239,500 -10.3% -1.7%



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

UNIT PRICEPOINTS


47

310

770

427

4755

342

811

468

49

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


DEC 14 MAR 15

225 239

100

46

3

256237

137

86

10

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


DEC 14 MAR 15


179

419

321

165

33

239

493431

202

32

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


DEC 14 MAR 15

83

215

177

101

35

97

231 221

116

18

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


DEC 14 MAR 15

16

107

2

21

8

4 3

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


DEC 14 MAR 15

205

6732 23

165

5031 18

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


DEC 14 MAR 15

1916

61

28

19

6

0

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


DEC 14 MAR 15

9

54

0

7

4

2

0

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


DEC 14 MAR 15

39

2417 20

54

41

18 16

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


DEC 14 MAR 15

6 57

5

19

13

3 3

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


DEC 14 MAR 15

912

3

7

23

11 10

4

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


DEC 14 MAR 15

28

40

104

36

52

14

4

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


DEC 14 MAR 15



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

BRISBANE (SD) 2531 $393,000 2.1% $392,000 3.2% 5.2%

IPSWICH (LGA) * t 60 $261,250 8.9% $295,000 20.4% 9.3%

BRASSALL 12 $172,500 N/A $263,000 4.4% -3.1%

BUNDAMBA * t 2 N/A N/A $299,900 N/A N/A

GOODNA * t 3 N/A N/A $310,000 42.5% 31.9%


LOGAN (LGA) ~ * 248 $228,000 -5.0% $245,000 -2.0% -11.9%

BEENLEIGH * 20 $186,500 1.1% $186,000 9.4% -22.5%

BROWNS PLAINS t 9 N/A N/A $340,900 0.3% 23.5%

DAISY HILL 4 N/A N/A $280,000 N/A -6.7%

EAGLEBY ~ 9 N/A N/A $213,500 -20.3% -31.8%

EDENS LANDING 9 N/A N/A $207,500 N/A -19.1%

HILLCREST 9 N/A N/A $225,000 N/A -1.3%

KINGSTON * t 8 N/A N/A $282,500 N/A -5.8%

LOGAN CENTRAL 7 N/A N/A $181,000 9.7% -7.2%

MARSDEN 14 $320,000 -4.8% $331,000 0.6% -6.8%

MEADOWBROOK 3 N/A N/A $265,000 N/A -19.7%

MOUNT WARREN PARK 3 N/A N/A $210,000 N/A -16.0%

ROCHEDALE SOUTH 12 $283,000 -1.6% $275,000 4.2% -5.2%

SHAILER PARK 3 N/A N/A $262,500 -0.6% -8.7%

SLACKS CREEK 24 $220,000 5.8% $210,000 11.4% -12.5%

SPRINGWOOD 19 $281,250 -3.0% $276,100 10.7% -2.4%

UNDERWOOD 5 N/A N/A $382,500 -4.1% 22.2%

WATERFORD WEST 6 N/A N/A $195,000 5.4% -14.8%

WOODRIDGE t 40 $189,500 2.4% $186,750 6.7% -12.1%

MORETON BAY (LGA) 334 $305,000 -0.8% $330,000 4.4% -1.6%

BELLARA ~ 8 N/A N/A $197,500 -26.9% -35.2%

BONGAREE 22 $282,500 -1.7% $297,000 3.5% -8.6%

BRENDALE * t 23 $265,000 1.9% $300,000 17.6% 5.1%

BURPENGARY 7 N/A N/A $263,750 N/A -12.1%

CABOOLTURE * 7 N/A N/A $255,000 12.3% -12.1%

CLONTARF ~ f 11 $313,000 -25.5% $417,500 -0.6% 19.3%

DECEPTION BAY 14 $224,750 -2.3% $230,000 4.5% -13.2%

GRIFFIN * t 5 N/A N/A $354,500 0.6% N/A

KALLANGUR * t 18 $300,500 -2.2% $331,000 15.4% -1.2%

KIPPA-RING 9 N/A N/A $272,750 7.0% -19.3%

LAWNTON ~ * 8 N/A N/A $251,000 20.1% -20.4%

MANGO HILL 11 $365,000 N/A $365,000 7.4% 1.5%

MARGATE ~ f * 14 $330,000 N/A $362,500 16.9% -8.2%

MORAYFIELD ~ t 8 N/A N/A $222,000 -22.8% -3.5%

MURRUMBA DOWNS 13 $318,000 N/A $340,000 -2.6% -2.3%

NORTH LAKES 6 N/A N/A $359,000 0.0% N/A

PETRIE * t 6 N/A N/A $336,000 N/A N/A

REDCLIFFE ~ 31 $391,250 13.4% $350,000 6.1% -10.3%

SCARBOROUGH 12 $386,750 3.1% $378,250 -0.9% -13.0%

WOODY POINT 8 N/A N/A $317,500 -2.3% -26.5%

WOORIM 7 N/A N/A $349,000 N/A N/A

REDLAND (LGA) * t 120 $389,000 15.1% $369,000 8.8% 2.5%

BIRKDALE * t 10 $377,500 N/A $356,000 N/A 0.0%

CAPALABA ~ 17 $317,500 12.0% $316,250 12.9% 3.7%

CLEVELAND ~ 26 $432,000 12.2% $420,000 12.0% 2.8%

ORMISTON 10 $342,500 N/A $367,000 6.5% 5.6%

THORNESIDE 6 N/A N/A $297,500 -4.7% -1.8%

VICTORIA POINT 13 $415,000 N/A $365,000 N/A 10.6%

WELLINGTON POINT 13 $422,500 N/A $391,250 N/A 5.7%

HOUSE PRICEPOINTS


1,078 1,234

571

22

1,079 1,276

540

19

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



58

541 629

117 54

532

667

119

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


DEC 14 MAR 15

159

33 12

157

47

11

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


DEC 14 MAR 15

161

214

103

158

245

87

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


DEC 14 MAR 15

202

60

6

227

70

13

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


DEC 14 MAR 15

51 47

10

44 47

19

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


DEC 14 MAR 15

222

165

65

200 166

51

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


DEC 14 MAR 15

64 73

23

77 83

40

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


DEC 14 MAR 15

142

60

19

133

72

22

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


DEC 14 MAR 15

130

788

1,922

332 129

753

1,840

247

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


DEC 14 MAR 15271

200

87

239

196

70

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


DEC 14 MAR 15

88

459 426

46 62

443 445

55

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


DEC 14 MAR 15



REDLAND (LGA) * 125 $38,000 8.6% $247,000 182.3% -1.0%

REDLAND (LGA) ^ 1 N/A N/A N/A N/A N/A

BIRKDALE 6 N/A N/A $309,000 N/A 4.7%

CLEVELAND 0 N/A N/A $305,000 N/A 1.7%

MACLEAY ISLAND ~ f 17 $36,800 22.7% $32,500 26.2% -40.9%

MOUNT COTTON * 15 $265,000 N/A $265,000 6.0% 7.3%

REDLAND BAY 4 N/A N/A $279,000 5.8% 3.3%

RUSSELL ISLAND ~ f 54 $18,000 -5.3% $18,500 -7.5% -53.8%

THORNLANDS 20 $297,500 N/A $291,000 3.9% 16.6%

SURROUNDS

LOCKYER VALLEY (LGA) 6 N/A N/A $100,000 1.0% -16.0%

LOCKYER VALLEY (LGA) ^ 20 $141,000 N/A $136,500 13.8% 1.9%

LAIDLEY NORTH 2 N/A N/A $100,000 0.0% -13.0%

KENSINGTON GROVE ^ 7 N/A N/A $148,250 N/A 4.6%

SCENIC RIM (LGA) 9 N/A N/A $179,000 0.5% -2.5%

SCENIC RIM (LGA) ^ ~ 8 N/A N/A $263,750 21.8% 50.7%

GLENEAGLE 1 N/A N/A $179,000 N/A 2.3%

SOMERSET (LGA) 8 N/A N/A $141,000 4.4% 8.5%

FERNVALE 6 N/A N/A $146,625 3.3% 8.6%



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

SALES MARKET - VACANT LAND (CONT’D)


MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE



BRISBANE (SD) 576 $217,000 0.5% $218,000 3.9% 1.9%

BRISBANE (SD) ^ 79 $290,000 -3.3% $272,000 4.6% 0.9%

IPSWICH (LGA) 74 $178,000 1.5% $176,000 3.6% 0.6%

IPSWICH (LGA) ^ 12 N/A N/A $240,000 0.2% 0.0%

AUGUSTINE HEIGHTS 3 N/A N/A $219,000 9.5% -2.7%

BELLBIRD PARK 2 N/A N/A $198,000 7.0% -7.9%

BRASSALL 13 $185,000 0.0% $185,000 5.7% 3.2%

BUNDAMBA 4 N/A N/A $169,950 11.1% 1.8%

DEEBING HEIGHTS 3 N/A N/A $164,950 10.0% N/A

LEICHHARDT 4 N/A N/A $168,750 16.4% N/A

RACEVIEW 0 N/A N/A $172,000 1.8% 8.9%

REDBANK PLAINS * 9 N/A N/A $154,000 10.0% -10.5%

RIPLEY * 17 $167,000 N/A $173,000 N/A N/A

SOUTH RIPLEY 11 $175,000 N/A $179,900 N/A N/A

SPRINGFIELD LAKES 2 N/A N/A $199,000 13.7% 17.8%

KARALEE ^ 5 N/A N/A $265,000 3.9% 2.3%

LOGAN (LGA) * 112 $210,000 6.3% $184,000 2.2% -11.5%

LOGAN (LGA) ^ 20 $291,500 2.3% $260,000 5.1% 10.6%

CORNUBIA 6 N/A N/A $355,000 N/A N/A

HOLMVIEW 4 N/A N/A $179,900 -0.6% -14.7%

JIMBOOMBA 2 N/A N/A $177,000 1.1% -3.3%

LOGAN RESERVE * 10 $160,975 N/A $158,000 1.3% N/A

LOGAN VILLAGE 6 N/A N/A $249,000 N/A N/A

LOGANLEA * 22 $205,000 7.9% $190,000 N/A -2.1%

MARSDEN 3 N/A N/A $185,000 2.8% -4.1%

REGENTS PARK 7 N/A N/A $239,000 6.2% N/A

UNDERWOOD 5 N/A N/A $376,000 1.1% 12.2%

WATERFORD 7 N/A N/A $175,000 -2.2% -1.1%

YARRABILBA * 19 $165,500 0.6% $157,500 8.6% N/A

BUCCAN ^ 5 N/A N/A $290,000 N/A N/A

JIMBOOMBA ^ * 3 N/A N/A $239,000 16.9% 17.7%

MORETON BAY (LGA) * 142 $214,800 -3.9% $220,000 4.9% 8.4%

MORETON BAY (LGA) ^ ~ 38 $340,000 13.3% $281,250 5.7% -6.8%

BANKSIA BEACH * f 6 N/A N/A $410,000 -5.7% -14.1%

BURPENGARY * 10 $197,400 N/A $215,000 2.4% N/A

CABOOLTURE 23 $185,000 5.9% $179,000 -0.6% -6.8%

DAKABIN 9 N/A N/A $212,000 7.5% -0.2%

GRIFFIN 14 $229,200 1.9% $219,750 4.6% 6.2%

MANGO HILL * 2 N/A N/A $230,000 2.2% 2.3%

MORAYFIELD 6 N/A N/A $177,000 2.9% -6.8%

NARANGBA 15 $208,630 N/A $205,638 2.9% -10.9%

NINGI 4 N/A N/A $191,400 N/A -16.0%

NORTH LAKES * 13 $275,000 10.5% $243,930 9.6% 21.5%

WARNER * 21 $229,900 -0.4% $233,000 3.6% 1.3%

CABOOLTURE ^ 6 N/A N/A $255,000 -1.9% N/A

IPSWICH CITY $300 797 $300 773

4300 AUGUSTINE HEIGHTS $350 202 $335 196

4301 COLLINGWOOD PARK $310 95 $310 109

4303 DINMORE $275 23 $270 30

4304 BLACKSTONE $285 103 $285 75

4305 BASIN POCKET $290 285 $280 287

4306 AMBERLEY $290 66 $300 53

4340 ASHWELL $290 21 $285 19

LOGAN CITY $347 857 $330 903

4114 KINGSTON $320 147 $315 163

4118 BROWNS PLAINS $345 89 $340 96

4119 UNDERWOOD $365 10 $385 9

4123 PRIESTS GULLY $395 71 $380 56

4124 BORONIA HEIGHTS $340 37 $330 48

4125 MUNRUBEN $400 8 $425 6

4127 CHATSWOOD HILLS $380 85 $350 94

4128 KIMBERLEY PARK $385 35 $380 26

4129 LOGANDALE $360 14 $350 22

4130 CARBROOK $395 12 $355 10

4131 LOGANLEA $350 21 $330 31

4132 CRESTMEAD $340 97 $325 86

4133 CHAMBERS FLAT $360 27 $360 28

4205 BETHANIA $330 18 $310 17

4207 ALBERTON $330 167 $330 186

4280 JIMBOOMBA $390 19 $360 23

MORETON BAY REGIONAL $350 1043 $330 1042

4019 CLONTARF $360 92 $350 72

4020 NEWPORT $360 72 $350 67

4021 KIPPA-RING $350 21 $340 24

4022 ROTHWELL $345 20 $350 21

4035 ALBANY CREEK $420 26 $400 24

4037 EATONS HILL $440 7 N.A. 2

4055 BUNYA $450 31 $430 37

4500 BRAY PARK $370 83 $350 90

4501 LAWNTON $350 23 $330 23

4502 FRENCHS FOREST $340 18 $330 26

4503 DAKABIN $350 105 $350 93

4504 NARANGBA $360 31 $330 28

4505 BURPENGARY $340 30 $335 27

4506 MOORINA $300 54 $290 59

4507 BANKSIA BEACH $340 32 $330 42

4508 DECEPTION BAY $310 91 $305 106

4509 MANGO HILL $380 80 $375 74

LAND PRICEPOINTS


19

3136

1418

47

35

23

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


DEC 14 MAR 15

344

5919 4

339

8129 3

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



91

36

9 9

73

179 8

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


DEC 14 MAR 15

49

2619

13

52

26

14 15

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


DEC 14 MAR 15

29

0 0

48

0 0

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


DEC 14 MAR 15

69

113

64

6 2

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


DEC 14 MAR 15

44

2 1

50

2 1

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


DEC 14 MAR 15

20

20

15

02

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


DEC 14 MAR 15

18

62

30

1 0

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


DEC 14 MAR 15

35

40

43

1 1

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


DEC 14 MAR 15

27

2 0

34

4 2

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


DEC 14 MAR 15

83

6 2

43

1 1

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


DEC 14 MAR 15



4510 BALINGOOL $295 167 $290 176

4511 GODWIN BEACH $345 18 $305 14

4514 BELLTHORPE $325 17 $310 16

4520 ARMSTRONG CREEK $450 11 $440 9

4521 CAMPBELLS POCKET $385 9 $350 5

REDLAND CITY $390 303 $380 340

4157 CAPALABA $390 36 $380 42

4158 THORNESIDE $395 8 $375 8

4159 AQUATIC PARADISE $400 29 $390 23

4160 EROBIN $385 28 $400 31

4161 ALEXANDRA HILLS $395 54 $390 45

4163 CLEVELAND $400 28 $390 39

4164 PINKLANDS $420 7 $370 15

4165 MOUNT COTTON $400 49 $400 63

4183 AMITY $330 5 N.A. 3

4184 COOCHIEMUDLO ISLAND $250 59 $235 71

LOCKYER VALLEY REGIONAL $280 96 $280 132

4341 BLENHEIM $275 46 $270 64

4343 ADARE $290 37 $290 42

4344 CARPENDALE $270 5 $250 5

SOMERSET REGIONAL $270 67 $260 60

4311 ATKINSONS DAM $280 33 $270 25

4312 BRYDEN $260 12 $220 9

4313 BIARRA $240 11 $230 13

4515 GLENFERN $310 11 $290 13

RENTAL MARKET - 3 BED HOUSES (CONT’D)POST MAR-15 MAR-14





IPSWICH CITY $260 166 $248 155



4304 BLACKSTONE $255 22 $240 15

4305 BASIN POCKET $255 74 $240 77

LOGAN CITY $270 218 $260 167

4114 KINGSTON $270 84 $250 52

4123 PRIESTS GULLY $300 11 N.A. 4

4127 CHATSWOOD HILLS $300 26 $310 19

4128 KIMBERLEY PARK $290 5 $290 10

4133 CHAMBERS FLAT $295 12 $239 6

4207 ALBERTON $260 63 $260 57

4280 JIMBOOMBA $290 5 $265 5


4019 CLONTARF $285 68 $280 71

4020 NEWPORT $305 79 $310 82

4500 BRAY PARK $300 25 $290 33

4501 LAWNTON $290 10 $280 11

4502 FRENCHS FOREST $280 5 N.A. 4

4503 DAKABIN $280 41 $280 48

4505 BURPENGARY $290 9 $285 6

4506 MOORINA $265 16 $265 12

4507 BANKSIA BEACH $265 44 $285 69

4508 DECEPTION BAY $270 16 $260 11

4509 MANGO HILL $320 15 $300 18

4510 BALINGOOL $260 89 $255 81

REDLAND CITY $325 62 $320 72

4157 CAPALABA $180 12 $320 7

4160 EROBIN $325 5 $300 7

4163 CLEVELAND $350 30 $350 37

LOCKYER VALLEY REGIONAL $230 15 $240 15

4343 ADARE $235 13 $240 10

IPSWICH CITY $315 113 $310 134



4304 BLACKSTONE $310 35 $305 26

4305 BASIN POCKET $300 29 $305 30

LOGAN CITY $330 444 $330 455

4114 KINGSTON $315 51 $320 61

4118 BROWNS PLAINS $350 61 $340 66

4119 UNDERWOOD $410 9 $380 16

4123 PRIESTS GULLY $365 13 $350 7

4127 CHATSWOOD HILLS $325 44 $320 51

4128 KIMBERLEY PARK $340 12 $350 7

4130 CARBROOK $365 8 $370 5

4131 LOGANLEA $340 33 $350 29

4132 CRESTMEAD $340 68 $340 67

4133 CHAMBERS FLAT $325 28 $315 22

4205 BETHANIA $340 16 N.A. 1

4207 ALBERTON $320 98 $320 121


4019 CLONTARF $350 10 $340 15

4020 NEWPORT $350 15 $335 12

4021 KIPPA-RING $325 41 $335 49

4035 ALBANY CREEK $380 36 $380 8

4500 BRAY PARK $350 51 $340 40

4501 LAWNTON $335 11 $300 5

4502 FRENCHS FOREST $345 34 $320 11

4503 DAKABIN $340 197 $340 183

4504 NARANGBA $350 7 $340 7

4505 BURPENGARY $310 25 $295 38

4506 MOORINA $300 17 $310 19

4507 BANKSIA BEACH $300 10 N.A. 1

4508 DECEPTION BAY $310 53 $300 84

4509 MANGO HILL $355 79 $345 111

4510 BALINGOOL $300 27 $290 19

REDLAND CITY $395 114 $385 114

4157 CAPALABA $365 13 $370 17

4158 THORNESIDE $380 17 $385 24

4159 AQUATIC PARADISE $420 12 $415 5

4160 EROBIN $385 20 $385 21

4163 CLEVELAND $420 34 $400 28

4165 MOUNT COTTON $390 14 $390 16

Confidence in the state’s capital city residential market continues to strengthen


REGIONAL MARKET UPDATES

GOLD COAST

HOUSE PRICEPOINTS


1,078 1,234

571

22

1,079 1,276

540

19

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



58

541 629

117 54

532

667

119

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


DEC 14 MAR 15

159

33 12

157

47

11

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


DEC 14 MAR 15

161

214

103

158

245

87

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


DEC 14 MAR 15

202

60

6

227

70

13

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


DEC 14 MAR 15

51 47

10

44 47

19

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


DEC 14 MAR 15

222

165

65

200 166

51

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


DEC 14 MAR 15

64 73

23

77 83

40

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


DEC 14 MAR 15

142

60

19

133

72

22

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


DEC 14 MAR 15

130

788

1,922

332 129

753

1,840

247

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


DEC 14 MAR 15271

200

87

239

196

70

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


DEC 14 MAR 15

88

459 426

46 62

443 445

55

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


DEC 14 MAR 15

The residential property market and local economy on the Gold Coast continue to record solid results with local agents saying the city is steadily improving with the tourism and construction industries rebounding strongly.

According to local agents, the house market results for the March quarter are typical of the time of year, with similar steadying sales activity recorded over the March quarter last year. They also pre-empt the June quarter will similarly follow the trend seen last year, with the cooler season seeing buyer demand drop off.

The construction industry is providing much needed jobs with both residential and infrastructure projects underway. The billion-dollar high rise development “Jewel” in Surfers Paradise is reportedly underway with excavation works underway. The sand dug up from the site, 113,000 cubic metres worth, is set to be donated to help with erosion on Surfers Paradise beach.

Tourism is also back on track providing further employment opportunities for local residents.

Despite the improving conditions, local agents say interstate investor activity hasn’t picked up as much as many had anticipated it would have by now.

HOUSE MARKET

Over the March quarter this year, preliminary house sales numbers were relatively unchanged compared to the December quarter, but annual sales numbers were up 9 per cent. While sales activity remained unchanged there was a shift in price point activity with a lift in sales in the $500,000 to one million price range.

As a result the Gold Coast median house price recorded a healthy 2.2 per cent increase over the quarter. Evidence that the region is well on its way to better times is an increase of 6.4 per cent in its annual median compared to a year ago.

Indicative of solid and steady results are stable average days on market which have improved by just 7 days over the year to February, while average vendor discounting now sits at 6 per cent, down from 6.3 per cent a year ago.

UNIT MARKET

Unlike the house market, the Gold Coast’s unit and townhouse market saw a rise in preliminary sales numbers, up 24 per cent over the March quarter.

Local agents however say the unit market still remains a quieter than the house market, and the lift in sales activity is likely a few developments off-loading developer stock. Suburbs along the beach front saw the strongest sales activity with Surfers Paradise, Labrador and Palm Beach topping the list for the quarter.

Signs that the unit market is not too far behind the house market on the Gold Coast is the improvement in average days on market and average vendor discounting rates. Over the year to February 2015, unit listings took 10 days fewer to sell while vendors have saved a full 1 percentage point in their discounting rates compared to a year ago.

RENTAL MARKET

The Gold Coast however, buoyed by improving local employment conditions, saw its vacancy rate drop further, down 0.8 percentage points since December, making the region the tightest rental market of all major regions.

With a vacancy of just 1.3 per cent, this is the lowest the Gold Coast has recorded in seven years and is a strong indicator that the other sectors of the economy are strengthening.

According to local agents, mid-range properties typically targeted by families are moving faster than upper-end executive style properties.

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

17


MARCH QUARTER 2015

GOLD COAST (LGA) 1416 $531,500 2.2% $515,800 6.4% 3.4%

GOLD COAST (LGA) ^ ~ 136 $670,000 -4.6% $681,250 3.2% -0.5%

ARUNDEL 33 $482,500 -13.1% $489,000 6.3% 3.2%

ASHMORE 38 $488,000 -6.2% $490,000 7.7% 3.2%

BENOWA 31 $750,000 -4.5% $750,500 9.0% 5.0%

BIGGERA WATERS 16 $691,250 -0.5% $585,000 4.9% 3.5%

BONOGIN ^ 22 $632,500 5.4% $635,000 11.4% -2.3%

BROADBEACH WATERS 57 $825,000 3.1% $841,000 5.1% -1.6%

BUNDALL 14 $750,000 0.1% $765,000 1.2% -11.6%

BURLEIGH HEADS ~ 15 $655,000 17.5% $626,000 7.0% 8.3%

BURLEIGH WATERS 43 $606,500 4.7% $605,000 7.7% 7.1%

CARRARA 47 $450,000 2.9% $461,000 5.0% 2.8%

CLEAR ISLAND WATERS 15 $800,000 -13.9% $850,000 6.1% -3.4%

COOMBABAH 26 $443,750 3.2% $429,000 10.0% -0.2%

COOMERA ~ f 50 $501,250 6.2% $415,000 -9.8% 2.3%

CURRUMBIN ~ f 4 N/A N/A $921,000 44.5% 57.3%

CURRUMBIN WATERS 22 $533,500 -0.7% $516,000 2.7% 4.8%

ELANORA 43 $545,000 4.3% $529,000 8.0% 3.7%

GILSTON 8 N/A N/A $481,500 N/A N/A

HELENSVALE 68 $533,500 5.6% $530,000 9.3% 7.1%

HIGHLAND PARK 13 $414,000 -0.2% $414,500 -2.5% -1.1%

HOLLYWELL ~ 17 $702,000 27.1% $610,000 13.0% 5.8%

HOPE ISLAND ~ f 49 $762,500 33.4% $735,000 -5.2% 39.3%

JACOBS WELL 9 N/A N/A $405,000 14.1% -1.9%

LABRADOR 18 $429,000 -2.4% $438,500 8.0% 2.1%

MAUDSLAND 11 $445,000 N/A $462,000 3.8% 6.2%

MERMAID BEACH ~ f 22 $1,085,000 21.9% $965,500 10.3% -21.8%

MERMAID WATERS 46 $710,000 -2.1% $689,500 9.4% 6.1%

MERRIMAC 22 $485,000 9.0% $446,250 9.5% 7.7%

MIAMI 16 $599,000 -1.4% $592,500 13.9% 8.7%

MOLENDINAR 19 $493,000 -12.7% $515,000 7.5% 2.6%

MUDGEERABA 36 $500,000 0.0% $495,000 6.5% 4.4%

MUDGEERABA ^ 9 N/A N/A $632,500 -0.4% -3.1%

NERANG 35 $380,000 -1.3% $380,000 5.6% -0.5%

NERANG ^ 6 N/A N/A $740,000 N/A -2.6%

ORMEAU 45 $427,500 -9.0% $430,000 5.8% -2.3%

ORMEAU HILLS 17 $475,000 N/A $447,000 -0.8% -8.9%

OXENFORD 42 $484,750 8.9% $445,000 3.5% -1.7%

PACIFIC PINES 60 $478,000 3.9% $465,000 2.2% 0.5%

PALM BEACH 55 $600,000 -0.8% $592,500 12.9% 9.7%

PARADISE POINT ~ f 27 $1,100,000 43.3% $835,500 4.8% -6.9%

PARKWOOD 28 $462,500 -10.2% $495,000 9.4% 4.2%

PIMPAMA 15 $390,000 4.7% $400,000 6.0% 1.3%

REEDY CREEK 26 $680,600 13.4% $635,000 4.6% -0.8%

ROBINA 60 $561,000 -2.4% $567,000 7.6% 4.0%

RUNAWAY BAY 28 $805,000 5.2% $830,000 14.1% 16.1%

SOUTHPORT 55 $469,250 1.8% $470,000 9.0% 2.0%

SURFERS PARADISE 26 $1,235,000 -1.2% $1,138,750 -1.0% -12.7%

TALLAI ^ 7 N/A N/A $707,500 -2.7% -8.7%

TALLEBUDGERA ^ 8 N/A N/A $690,000 2.2% -2.8%

TALLEBUDGERA VALLEY ^ 11 $750,000 N/A $750,000 N/A N/A

TUGUN ~ 15 $527,500 -16.3% $489,500 -1.4% 6.8%

UPPER COOMERA 89 $434,000 5.0% $410,556 5.5% -2.2%

VARSITY LAKES 37 $570,000 11.5% $510,000 8.5% 6.5%

WORONGARY 15 $410,000 N/A $409,000 7.6% 1.4%

WORONGARY ^ ~ 12 $640,000 -12.9% $677,500 14.2% -2.5%



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

GOLD COAST (LGA) 1841 $355,000 1.4% $359,000 2.6% -3.0%

ARUNDEL 16 $315,000 -7.4% $310,000 1.6% -3.5%

ASHMORE ~ 30 $322,500 17.7% $283,500 8.0% -8.7%

BIGGERA WATERS ~ f 50 $308,125 12.7% $330,000 -14.1% -13.2%

BROADBEACH 107 $420,000 -2.3% $430,000 7.2% -9.0%

BROADBEACH WATERS 10 $472,500 N/A $375,000 -2.8% -18.2%

BUNDALL 8 N/A N/A $343,215 -3.3% -0.5%

BURLEIGH HEADS 64 $410,000 3.5% $400,000 8.1% -1.2%

BURLEIGH WATERS 24 $364,500 -1.5% $349,500 5.9% -2.9%

CARRARA 44 $399,900 -7.2% $414,950 10.7% -0.4%

CLEAR ISLAND WATERS 9 N/A N/A $422,500 -4.9% -5.3%

COOLANGATTA 57 $420,000 5.3% $405,000 8.0% -15.6%

COOMBABAH 43 $330,000 1.5% $327,500 9.5% -3.2%

CURRUMBIN ~ t 19 $395,000 -32.8% $418,000 10.0% -0.5%

CURRUMBIN WATERS 14 $365,000 12.7% $320,500 6.8% -8.4%

ELANORA 19 $295,000 3.5% $303,500 3.6% -7.5%

HIGHLAND PARK 5 N/A N/A $255,000 -7.6% -7.9%

HOLLYWELL 7 N/A N/A $635,000 N/A -27.8%

LABRADOR * f 104 $325,000 4.0% $335,000 8.1% 4.7%

MAIN BEACH 45 $530,000 -7.6% $535,000 -8.5% -16.5%

MERMAID BEACH 42 $362,500 -4.6% $380,000 13.9% 2.7%

MERMAID WATERS 33 $321,250 9.6% $316,000 8.2% -5.1%

MERRIMAC ~ f 14 $337,250 24.9% $310,000 -17.9% -15.3%

MIAMI 36 $340,000 -6.8% $370,000 8.8% -5.1%

MUDGEERABA 26 $337,500 1.5% $337,000 5.0% -1.5%

NERANG 45 $285,000 1.4% $279,000 3.3% -3.8%

ORMEAU 7 N/A N/A $342,500 13.2% -3.1%

OXENFORD 17 $263,250 -3.2% $290,000 9.4% 0.0%

PACIFIC PINES 16 $345,000 3.8% $355,000 -2.7% -5.8%

PALM BEACH f 60 $316,500 -10.2% $339,500 0.6% -7.0%

PARADISE POINT ~ f 31 $550,000 59.4% $520,000 -3.7% 0.0%

PARKWOOD 8 N/A N/A $295,000 N/A -11.9%

PIMPAMA 13 $340,000 1.5% $347,000 -4.0% -0.9%

REEDY CREEK 15 $295,000 1.7% $289,500 5.3% -3.8%

ROBINA 60 $398,000 3.4% $415,000 -0.1% -7.9%

RUNAWAY BAY ~ 36 $359,000 -16.7% $385,000 -11.5% -25.0%

SOUTHPORT 160 $316,750 -0.4% $315,000 -3.7% -16.2%

SURFERS PARADISE f * 294 $328,500 2.7% $337,500 -3.6% -6.8%

TUGUN 27 $345,000 -9.8% $376,750 4.7% -12.1%

UPPER COOMERA 21 $310,000 1.1% $308,000 9.6% -12.0%

VARSITY LAKES * 59 $367,000 -0.8% $378,000 3.6% -3.1%

BENOWA 13 $380,000 -2.8% $528,500 13.7% 32.3%

BILINGA 12 $428,750 N/A $490,000 14.3% -7.5%

COOMERA ~ f 29 $268,000 3.1% $311,500 5.6% -10.7%

HELENSVALE ~ t 12 $247,500 -18.6% $298,500 -2.6% -6.0%

HOPE ISLAND * t 45 $385,000 -6.1% $383,500 18.0% -5.5%

The construction industry is providing much needed jobs with both residential and infrastructure projects underway.

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



GOLD COAST CITY $370 2395 $360 2771

4209 COOMERA $310 6 $285 8

4210 OXENFORD $315 18 $295 21

4211 ADVANCETOWN $335 41 $330 44

4212 HELENSVALE $400 50 $390 52

4214 ARUNDEL $300 17 $216 27

4215 LABRADOR $355 532 $350 704

4216 PARADISE POINT $360 207 $350 218

4217 BENOWA $420 545 $400 603

4218 BROADBEACH $380 304 $360 321

4220 BURLEIGH HEADS $385 180 $380 195

4221 ELANORA $330 114 $310 151

4223 CURRUMBIN $380 35 $365 39

4224 TUGUN $350 41 $340 58

4225 BILINGA $350 95 $330 120

4226 CLEAR ISLAND WATERS $415 62 $400 53

4227 REEDY CREEK $370 142 $370 151

SCENIC RIM REGIONAL $220 27 $216 42

4285 ALLENVIEW $210 23 $210 26

LAND PRICEPOINTS


19

3136

1418

47

35

23

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


DEC 14 MAR 15

344

5919 4

339

8129 3

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



91

36

9 9

73

179 8

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


DEC 14 MAR 15

49

2619

13

52

26

14 15

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


DEC 14 MAR 15

29

0 0

48

0 0

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


DEC 14 MAR 15

69

113

64

6 2

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


DEC 14 MAR 15

44

2 1

50

2 1

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


DEC 14 MAR 15

20

20

15

02

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


DEC 14 MAR 15

18

62

30

1 0

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


DEC 14 MAR 15

35

40

43

1 1

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


DEC 14 MAR 15

27

2 0

34

4 2

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


DEC 14 MAR 15

83

6 2

43

1 1

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


DEC 14 MAR 15



RENTAL MARKET - 2 BED UNITSPOST MAR-15 MAR-14


RENTAL MARKET - 3 BED TOWNHOUSES



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

GOLD COAST (LGA) 107 $232,000 -0.4% $230,000 0.0% -2.2%

GOLD COAST (LGA) ^ 17 $365,000 N/A $348,500 -1.6% -6.2%

ELANORA 4 N/A N/A $326,000 N/A N/A

GILSTON 1 N/A N/A $260,000 4.0% 17.7%

ORMEAU 8 N/A N/A $224,200 -0.4% -0.4%

ORMEAU HILLS * 11 $217,950 2.4% $215,500 0.3% N/A

PIMPAMA * 33 $216,000 -3.6% $222,000 0.9% 2.8%

REEDY CREEK 7 N/A N/A $325,000 5.2% 0.0%

UPPER COOMERA 14 $239,000 2.6% $230,000 1.4% 0.8%

WILLOW VALE 4 N/A N/A $207,900 6.6% N/A

COOMERA * 10 $245,450 -7.4% $235,950 4.7% 0.0%

HOPE ISLAND * f 37 $327,500 -24.3% $400,000 14.3% 21.2%

GOLD COAST CITY $440 945 $430 1032

4208 BURNSIDE $400 14 $380 32

4209 COOMERA $390 98 $370 106

4210 OXENFORD $395 21 $420 18

4211 ADVANCETOWN $400 124 $400 130

4212 HELENSVALE $500 56 $449 61

4213 BONOGIN $450 43 $430 42

4214 ARUNDEL $430 88 $420 90

4215 LABRADOR $420 93 $400 115

4216 PARADISE POINT $450 75 $400 76

4217 BENOWA $560 35 $550 54

4218 BROADBEACH $550 61 $510 56

4220 BURLEIGH HEADS $480 56 $470 52

4221 ELANORA $490 52 $460 43

4223 CURRUMBIN $450 30 $460 27

4225 BILINGA $440 5 $395 7


4227 REEDY CREEK $460 29 $460 42

SCENIC RIM REGIONAL $300 116 $330 119

4272 MOUNT TAMBORINE $420 14 $380 19

4285 ALLENVIEW $305 50 $300 51

4307 COLEYVILLE $350 5 $250 5

4309 ARATULA $270 14 N.A. 4

4310 ALLANDALE $270 21 $275 15

GOLD COAST CITY $390 1061 $380 1135

4208 BURNSIDE $370 9 $370 14

4209 COOMERA $360 160 $355 160

4210 OXENFORD $395 17 $350 13

4211 ADVANCETOWN $370 172 $365 202

4212 HELENSVALE $430 31 $420 42

4213 BONOGIN $370 32 $385 27

4214 ARUNDEL $380 51 $365 52

4215 LABRADOR $400 112 $380 133

4216 PARADISE POINT $400 78 $370 78

4217 BENOWA $440 43 $450 52

4218 BROADBEACH $425 28 $400 25

4220 BURLEIGH HEADS $410 38 $395 35

4221 ELANORA $400 22 $380 32

4223 CURRUMBIN $410 13 $360 10

4224 TUGUN $440 16 $430 28

4225 BILINGA $450 5 N.A. 1


4227 REEDY CREEK $430 72 $420 77

SCENIC RIM REGIONAL $290 5 N.A. 4

4285 ALLENVIEW $290 5 N.A. 4

UNIT PRICEPOINTS


47

310

770

427

4755

342

811

468

49

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


DEC 14 MAR 15

225 239

100

46

3

256237

137

86

10

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


DEC 14 MAR 15


179

419

321

165

33

239

493431

202

32

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


DEC 14 MAR 15

83

215

177

101

35

97

231 221

116

18

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


DEC 14 MAR 15

16

107

2

21

8

4 3

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


DEC 14 MAR 15

205

6732 23

165

5031 18

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


DEC 14 MAR 15

1916

61

28

19

6

0

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


DEC 14 MAR 15

9

54

0

7

4

2

0

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


DEC 14 MAR 15

39

2417 20

54

41

18 16

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


DEC 14 MAR 15

6 57

5

19

13

3 3

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


DEC 14 MAR 15

912

3

7

23

11 10

4

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


DEC 14 MAR 15

28

40

104

36

52

14

4

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


DEC 14 MAR 15

19


MARCH QUARTER 2015

TOOWOOMBAHOUSE PRICEPOINTS


1,078 1,234

571

22

1,079 1,276

540

19

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



58

541 629

117 54

532

667

119

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


DEC 14 MAR 15

159

33 12

157

47

11

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


DEC 14 MAR 15

161

214

103

158

245

87

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


DEC 14 MAR 15

202

60

6

227

70

13

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


DEC 14 MAR 15

51 47

10

44 47

19

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


DEC 14 MAR 15

222

165

65

200 166

51

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


DEC 14 MAR 15

64 73

23

77 83

40

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


DEC 14 MAR 15

142

60

19

133

72

22

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


DEC 14 MAR 15

130

788

1,922

332 129

753

1,840

247

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


DEC 14 MAR 15271

200

87

239

196

70

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


DEC 14 MAR 15

88

459 426

46 62

443 445

55

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


DEC 14 MAR 15

UNIT PRICEPOINTS


47

310

770

427

4755

342

811

468

49

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


DEC 14 MAR 15

225 239

100

46

3

256237

137

86

10

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


DEC 14 MAR 15


179

419

321

165

33

239

493431

202

32

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


DEC 14 MAR 15

83

215

177

101

35

97

231 221

116

18

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


DEC 14 MAR 15

16

107

2

21

8

4 3

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


DEC 14 MAR 15

205

6732 23

165

5031 18

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


DEC 14 MAR 15

1916

61

28

19

6

0

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


DEC 14 MAR 15

9

54

0

7

4

2

0

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


DEC 14 MAR 15

39

2417 20

54

41

18 16

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


DEC 14 MAR 15

6 57

5

19

13

3 3

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


DEC 14 MAR 15

912

3

7

23

11 10

4

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


DEC 14 MAR 15

28

40

104

36

52

14

4

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


DEC 14 MAR 15

LAND PRICEPOINTS


19

3136

1418

47

35

23

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


DEC 14 MAR 15

344

5919 4

339

8129 3

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



91

36

9 9

73

179 8

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


DEC 14 MAR 15

49

2619

13

52

26

14 15

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


DEC 14 MAR 15

29

0 0

48

0 0

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


DEC 14 MAR 15

69

113

64

6 2

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


DEC 14 MAR 15

44

2 1

50

2 1

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


DEC 14 MAR 15

20

20

15

02

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


DEC 14 MAR 15

18

62

30

1 0

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


DEC 14 MAR 15

35

40

43

1 1

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


DEC 14 MAR 15

27

2 0

34

4 2

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


DEC 14 MAR 15

83

6 2

43

1 1

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


DEC 14 MAR 15

Over the March quarter the Toowoomba residential property market, similar to Brisbane, took a moment’s pause, with sales activity easing in the house market. Unit sales however were up, following a sharp drop over the December quarter.

Local agents in Toowoomba say that there is an air of cautious optimism with well-educated buyers gaining more confidence in the negotiation process.

A two-tiered market is also said to be present, with those who have some uncertainty around their employment holding back from the sales market. Investor activity is also said to have dropped back, which is likely behind the easing in sales activity over the quarter.

Despite the lull over the first three months of the year, Toowoomba agents say the outlook for the region remains very positive with local property prices remaining relatively affordable and various industries supporting the local economy.

HOUSE MARKET

Similar to the March quarter in 2014, preliminary house sales numbers were down over the March quarter this year. Toowoomba’s median house price however recorded an increase of 1.1 per cent, the regions fourth consecutive quarterly increase, indicating that local property prices have begun to lift. The region’s quarterly change in median house price has now trended in positive territory since late 2012.

According to local agents the prestige market in Toowoomba has picked up, with multiple sales in the one to two million price bracket occurring, something that hasn’t occurred in Toowoomba for some time. Over the March quarter, preliminary numbers show four houses were exchanged for over a million dollars, up from just two during the corresponding March quarter last year.

The positive news is enticing more vendors to place their properties onto the market, with total listings over the year to February up 6 per cent compared to the previous year. Despite an increase in available house listings, average days on market in Toowoomba has reduced further to 63 days, and remains the fastest selling region outside of the Brisbane council area.

UNIT MARKET

After peaking in the September quarter last year, the March quarter sales activity in the unit and townhouse market has picked up from the sharp drop recorded over the December quarter.

Buyer activity was most prominent in the $250,000 to $350,000 price point, with preliminary sales numbers up over the March quarter.

With some new townhouse sales still occurring in suburbs such as Kearneys Spring and East Toowoomba, the overall median unit sale price for the Toowoomba council area was up 8.5 per cent over the quarter.

With investor activity now said to be easing somewhat, total unit and townhouse listings has remained relatively unchanged compared to a year ago, however average days

on market has continued to come down which indicates buyer demand overall remains strong.

RENTAL MARKET

In Toowoomba vacancy rates have hit an all-time high of 3.2 per cent up 0.9 percentage points since the end of December last year. Whilst this rate is generally considered a “healthy” level, Toowoomba’s rental market has historically remained under 2 per cent for more than 7 years, with December 2011 the exception when vacancies went slightly above at 2.1 per cent.

With more new stock coming onto the market, local agents say there is an oversupply most notably with unit rentals. This is also said to be exacerbated by high expectations on rental returns by interstate investors resulting in vacancies taking longer on the market.

Local agents say that the increasing vacancy rate is behind the easing in investor activity, which has removed some of the unthinking heat from the Toowoomba property market.



TOOWOOMBA (LGA) ~ * 40 $186,500 20.3% $163,000 5.8% 27.3%

TOOWOOMBA (LGA) ^ 22 $249,500 N/A $185,000 5.7% 17.8%

CAMBOOYA 1 N/A N/A $115,000 N/A N/A

GLENVALE * 1 N/A N/A $172,000 1.2% 35.2%

KLEINTON * 11 $206,000 N/A $200,000 32.5% 53.8%

MERINGANDAN WEST 3 N/A N/A $137,000 N/A N/A

MIDDLE RIDGE ~ * 4 N/A N/A $301,250 43.5% 54.5%

WESTBROOK * 2 N/A N/A $160,000 3.9% 48.1%

WYREEMA * 3 N/A N/A $147,000 N/A N/A

GOWRIE JUNCTION ^ ~ 2 N/A N/A $177,000 8.6% 22.1%

SURROUNDS

SOUTHERN DOWNS (LGA) ~ 12 N/A N/A $72,000 -8.9% -19.9%






MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE



TOOWOOMBA (LGA) 509 $354,000 1.1% $347,000 7.1% 21.3%

TOOWOOMBA (LGA) ^ 92 $485,000 5.3% $480,000 1.6% 14.3%

CENTENARY HEIGHTS 33 $355,000 -1.9% $354,000 5.7% 24.6%

CROWS NEST 11 $269,000 N/A $268,000 9.4% 14.2%

DARLING HEIGHTS 19 $350,000 -1.4% $349,000 8.0% 19.7%

EAST TOOWOOMBA ~ 22 $467,500 17.5% $438,000 10.9% 19.0%

GLENVALE 24 $385,000 1.3% $380,000 12.4% 16.0%

GLENVALE ^ 10 $487,500 N/A N/A N/A N/A

HARLAXTON 6 N/A N/A $274,000 1.5% 17.8%

HARRISTOWN 35 $314,500 -4.3% $317,500 6.0% 24.0%

HIGHFIELDS 14 $500,750 -4.6% $499,500 9.2% 17.3%

HIGHFIELDS ^ 20 $505,050 -7.3% $524,000 4.8% 19.1%

KEARNEYS SPRING 21 $390,000 6.1% $387,500 10.7% 26.6%

KLEINTON 6 N/A N/A $505,000 13.2% N/A

MERINGANDAN WEST ^ 4 N/A N/A $395,000 21.5% 30.4%

MIDDLE RIDGE 35 $479,000 -11.3% $504,250 9.4% 14.6%

MOUNT LOFTY ~ 17 $460,000 17.9% $417,500 14.4% 26.3%

NEWTOWN 51 $333,750 7.7% $307,525 9.8% 22.5%

NORTH TOOWOOMBA ~ 14 $340,000 17.2% $316,750 11.6% 33.1%

OAKEY 11 $253,000 0.4% $230,000 3.9% 5.5%

PITTSWORTH 12 $295,000 3.7% $287,000 4.8% 2.9%

RANGEVILLE 38 $440,000 -4.3% $420,000 9.1% 13.5%

ROCKVILLE 13 $260,000 -7.5% $283,000 12.3% 10.4%

SOUTH TOOWOOMBA 19 $319,000 -5.9% $325,000 10.2% 26.0%

TOOWOOMBA CITY ~ 9 N/A N/A $330,000 4.3% 29.4%

WESTBROOK 12 $465,500 3.4% $452,500 5.5% 21.5%

WILSONTON 26 $317,500 0.8% $317,500 9.1% 15.5%

WILSONTON HEIGHTS 9 N/A N/A $288,000 5.9% 17.6%

WYREEMA 11 $335,000 -6.9% $341,500 N/A 11.1%

SURROUNDS

GOONDIWINDI (LGA) ~ 19 $230,000 9.5% $245,000 7.5% 0.0%

GOONDIWINDI 15 $264,000 2.6% $270,000 -3.6% -6.1%

SOUTHERN DOWNS (LGA) ~ 70 $225,000 -6.3% $237,000 -4.4% 0.9%

SOUTHERN DOWNS (LGA) ^ 23 $370,000 0.0% $320,000 6.5% 0.0%

STANTHORPE 18 $220,000 -9.1% $233,500 1.9% 0.6%

WARWICK 41 $237,000 -7.1% $241,000 -5.5% -3.6%

WESTERN DOWNS (LGA) ~ 36 $289,500 29.8% $250,000 -15.0% -2.8%

WESTERN DOWNS (LGA) ^ ~ 13 N/A N/A $350,000 -18.6% 8.5%

CHINCHILLA 13 $312,000 N/A $315,000 -9.2% 7.7%

DALBY ~ 18 $280,000 19.1% $250,000 -5.7% -9.1%

DALBY ^ 5 N/A N/A $436,500 -5.1% 2.0%

TOOWOOMBA (LGA) * t 107 $291,500 8.5% $295,000 9.3% 28.3%

CENTENARY HEIGHTS ~ 6 N/A N/A $267,000 -17.2% 3.9%

EAST TOOWOOMBA * t 12 $349,500 N/A $347,500 46.6% 47.9%

HARRISTOWN ~ 3 N/A N/A $218,500 -16.9% -19.2%

KEARNEYS SPRING * t 13 $304,000 10.5% $294,500 3.3% 17.8%

NEWTOWN * t 10 $248,250 -0.7% $270,000 13.9% 25.0%

RANGEVILLE 6 N/A N/A $348,000 9.1% N/A

SOUTH TOOWOOMBA * 2 N/A N/A $310,000 17.0% 30.8%

TOOWOOMBA CITY ~ 2 N/A N/A $242,094 -19.3% 18.7%

WILSONTON 8 N/A N/A $268,000 11.2% 16.5%

TOOWOOMBA REGIONAL $310 608 $300 710

4350 KEARNEYS SPRING $315 472 $310 549

4352 AMIENS $310 31 $325 29

4355 ANDURAMBA $260 11 $260 15

4356 PITTSWORTH $290 21 $260 23

4357 BRINGALILY $260 13 $270 5

4359 ASCOT $250 5 $250 8

4361 BACK PLAINS $230 10 $220 7

4401 ACLAND $280 23 $270 35

4614 NEUMGNA $240 6 $215 10

GOONDIWINDI REGIONAL $290 44 $270 37

4390 BILLA BILLA $295 37 $290 27

SOUTHERN DOWNS REGIONAL $250 148 $255 148

4362 ALLORA $240 9 $265 11

4370 ALLAN $255 81 $260 89

4380 AMIENS $250 41 $250 35

WESTERN DOWNS REGIONAL $260 162 $330 140

4405 BLAXLAND $260 79 $310 78

4413 BAKING BOARD $240 55 $410 32

4415 MILES $260 8 $400 15

4419 COCKATOO $220 7 $600 5

4421 GORANBA $220 6 N.A. 2


4350 KEARNEYS SPRING $255 395 $250 385

4401 ACLAND $215 5 $170 6

GOONDIWINDI REGIONAL $200 26 $180 35

4390 BILLA BILLA $200 26 $180 31


4370 ALLAN $220 45 $200 51

4380 AMIENS $195 19 $195 12


4405 BLAXLAND $195 34 $250 39

4413 BAKING BOARD $195 28 $380 18


4350 KEARNEYS SPRING $320 28 $310 28



4413 BAKING BOARD $230 7 $480 5

21


MARCH QUARTER 2015

SUNSHINE COAST

HOUSE PRICEPOINTS


1,078 1,234

571

22

1,079 1,276

540

19

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



58

541 629

117 54

532

667

119

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


DEC 14 MAR 15

159

33 12

157

47

11

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


DEC 14 MAR 15

161

214

103

158

245

87

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


DEC 14 MAR 15

202

60

6

227

70

13

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


DEC 14 MAR 15

51 47

10

44 47

19

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


DEC 14 MAR 15

222

165

65

200 166

51

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


DEC 14 MAR 15

64 73

23

77 83

40

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


DEC 14 MAR 15

142

60

19

133

72

22

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


DEC 14 MAR 15

130

788

1,922

332 129

753

1,840

247

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


DEC 14 MAR 15271

200

87

239

196

70

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


DEC 14 MAR 15

88

459 426

46 62

443 445

55

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


DEC 14 MAR 15

UNIT PRICEPOINTS


47

310

770

427

4755

342

811

468

49

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


DEC 14 MAR 15

225 239

100

46

3

256237

137

86

10

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


DEC 14 MAR 15


179

419

321

165

33

239

493431

202

32

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


DEC 14 MAR 15

83

215

177

101

35

97

231 221

116

18

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


DEC 14 MAR 15

16

107

2

21

8

4 3

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


DEC 14 MAR 15

205

6732 23

165

5031 18

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


DEC 14 MAR 15

1916

61

28

19

6

0

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


DEC 14 MAR 15

9

54

0

7

4

2

0

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


DEC 14 MAR 15

39

2417 20

54

41

18 16

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


DEC 14 MAR 15

6 57

5

19

13

3 3

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


DEC 14 MAR 15

912

3

7

23

11 10

4

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


DEC 14 MAR 15

28

40

104

36

52

14

4

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


DEC 14 MAR 15

LAND PRICEPOINTS


19

3136

1418

47

35

23

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


DEC 14 MAR 15

344

5919 4

339

8129 3

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



91

36

9 9

73

179 8

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


DEC 14 MAR 15

49

2619

13

52

26

14 15

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


DEC 14 MAR 15

29

0 0

48

0 0

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


DEC 14 MAR 15

69

113

64

6 2

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


DEC 14 MAR 15

44

2 1

50

2 1

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


DEC 14 MAR 15

20

20

15

02

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


DEC 14 MAR 15

18

62

30

1 0

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


DEC 14 MAR 15

35

40

43

1 1

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


DEC 14 MAR 15

27

2 0

34

4 2

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


DEC 14 MAR 15

83

6 2

43

1 1

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


DEC 14 MAR 15

The Sunshine Coast continues to be one of the strongest performing regional centres, with the housing market, unit market and rental market all firing.

Both the unit and house sales market continue to see activity trend upwards with preliminary sales numbers over the year to March up 10 and 11 per cent respectively for the Sunshine Coast council area.

Generally speaking, tourism numbers are rebounding to the Sunshine Coast, recovering from a flat couple of years and retailers and food precincts are reportedly doing well. This is bringing renewed activity in the real estate market to popular beachside areas and beyond.

HOUSE MARKET

Despite a strong year to March, the March quarter saw preliminary house sales in the Sunshine Coast council area ease 3 per cent. Noosa however saw sales edge up 3 per cent compared to the December quarter, with prestige sales contributing to Noosa’s median house price increase of 8.7 per cent.

Over the year to March 2015 the median house price for the Sunshine coast was up a healthy 6.1 per cent while Noosa recorded 6.7 per cent, evidence that the market is well and truly on the way back to solid ground.

Across the Sunshine Coast region, average days on market, reflecting increasing buyer demand, has dropped from 96 last year to 87 in the year to February 2015.

Average vendor discounting has likewise continued to trend down, sitting at 5.9 per cent over the year to February, down from 6.3 per cent a year ago.

Local agents are reporting that houses are receiving multiple offers for the first time in many years and many houses selling for full price, without any vendor discounting.

Length of time on the market however, according to local agents, depends on the quality and location of the property. Some stock will sell within the first week, while other listings may sit for lengthier periods.

Over the year to February 2015, total house listings for the Sunshine Coast region were up 7 per cent indicating growing confidence in the regions property market.

UNIT MARKET

Over the March quarter the Sunshine Coast and Noosa unit markets recorded varying results. On the Sunshine Coast sales numbers were up 16 per cent, while Noosa saw sales drop 7 per cent.

Local agents contend this is a reflection of people being forced to the unit market due to housing’s lack of affordability. Those units that have been doing well are those that are close to the beach in small complexes.

This market is said to be dominated by downsizers and owner-occupiers, and features very few first-home buyers.

Local agents report a jump at the top end of the market, with a few record sales in the two million and three million price range, despite a drop off in overall activity in the million-plus price point for the quarter.

One agent reported selling a $2.3 million apartment in Maroochydore, not on the waterfront, believing it to be a six-year record for the area.

RENTAL MARKET

On the Sunshine Coast vacancy rates were up 0.8 percentage points to 1.9 per cent at the end of March, albeit still remaining a tight market. Caloundra continues to hold the lowest vacancy rate, along with the Noosa council area, at 1 per cent.

According to local agents supply of rentals is being reduced as more investors take advantage of the strengthening sales market, with many sold to owner-occupiers.

Due to the ongoing demand on the Sunshine Coast and minimal new investor stock coming onto the market, median rents are on their way up in some areas, with three-bedroom houses in the Noosa area recorded the highest increase of $45 in its median weekly rent, to $440 for the March quarter 2015.



POMONA 4 N/A N/A $354,000 N/A N/A

POMONA ^ 3 N/A N/A $492,000 4.7% -3.5%

SUNRISE BEACH 13 $580,000 13.3% $594,000 -3.4% -0.2%

SUNSHINE BEACH 12 $982,500 N/A $1,040,000 -3.3% -17.6%

TEWANTIN 34 $465,000 4.5% $450,000 7.8% 2.5%




MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE


SUNSHINE COAST (SD) 1052 $498,400 2.8% $487,000 6.2% 4.7%

SUNSHINE COAST (SD) ^ 180 $600,000 5.8% $565,000 6.0% -0.4%

SUNSHINE COAST (LGA) 906 $489,000 1.5% $480,000 6.1% 4.9%

SUNSHINE COAST (LGA) ^ 127 $600,000 4.3% $575,000 5.5% 0.0%

ALEXANDRA HEADLAND ~ 8 N/A N/A $805,000 22.2% N/A

AROONA 19 $454,000 3.8% $452,000 3.9% 5.6%

BATTERY HILL 11 $500,000 N/A $448,500 6.7% 9.4%

BEERWAH 21 $392,000 3.7% $387,500 3.3% -3.7%

BEERWAH ^ 5 N/A N/A $455,000 N/A N/A

BLI BLI 19 $432,500 1.8% $430,000 5.3% 6.4%

BUDDINA ~ 15 $690,000 29.0% $580,000 5.0% -7.3%

BUDERIM 128 $560,000 0.9% $550,000 6.8% 3.8%

BUDERIM ^ ~ 9 N/A N/A $940,000 20.5% 26.2%

BURNSIDE 12 $411,000 8.9% $393,250 12.4% 8.1%

CALOUNDRA 4 N/A N/A $439,335 N/A N/A

CALOUNDRA WEST 35 $429,000 0.9% $425,000 4.9% 0.1%

COES CREEK 2 N/A N/A $359,000 -1.6% -5.5%

COOLUM BEACH 29 $516,250 4.3% $501,000 9.6% 3.3%

CURRIMUNDI 27 $452,000 0.9% $447,750 3.6% 5.4%

DICKY BEACH 5 N/A N/A $684,000 N/A N/A

EUMUNDI ^ 4 N/A N/A $680,000 3.1% N/A

GLASS HOUSE MOUNTAINS 9 N/A N/A $425,000 9.0% -2.3%

GLASS HOUSE MOUNTAINS ^ 2 N/A N/A $467,500 14.0% 0.5%

GLENVIEW ^ 1 N/A N/A $565,500 N/A N/A

GOLDEN BEACH 17 $450,000 0.1% $452,500 6.7% -1.1%

KULUIN 11 $372,000 N/A $388,500 1.9% -5.2%

LANDSBOROUGH 9 N/A N/A $360,000 -0.6% -1.9%

LANDSBOROUGH ^ 3 N/A N/A $540,000 23.4% N/A

LITTLE MOUNTAIN 35 $510,000 3.7% $491,000 8.4% 4.5%

MALENY 3 N/A N/A $425,000 1.2% -6.0%

MALENY ^ 8 N/A N/A $592,500 4.4% N/A

MARCOOLA 6 N/A N/A $502,500 5.5% 11.7%

MAROOCHYDORE 31 $545,000 10.2% $485,000 6.6% 4.3%

MERIDAN PLAINS 9 N/A N/A $460,000 1.1% 4.5%

MINYAMA ~ f 14 $646,500 -14.7% $695,000 -6.4% -29.8%

MOFFAT BEACH 14 $645,000 1.9% $635,000 10.4% 22.1%

MOOLOOLABA ~ 16 $690,000 14.5% $637,500 16.4% 8.1%

MOOLOOLAH VALLEY 6 N/A N/A $385,000 -0.5% 1.3%

MOOLOOLAH VALLEY ^ 5 N/A N/A $557,000 N/A 16.0%

MOUNT COOLUM 12 $450,000 N/A $474,000 3.7% 3.0%

MOUNTAIN CREEK 50 $540,000 0.9% $533,500 8.9% 9.1%

MUDJIMBA 10 $647,500 N/A $560,000 4.3% 0.9%

NAMBOUR 41 $347,500 1.8% $338,250 4.9% -3.4%

PACIFIC PARADISE 8 N/A N/A $400,000 8.8% 7.5%

PALMWOODS 16 $464,000 0.9% $440,000 5.3% 3.0%

PALMWOODS ^ 4 N/A N/A $595,000 N/A -8.8%

PARREARRA 21 $555,000 7.8% $550,000 1.9% 3.0%

PELICAN WATERS 34 $620,000 -6.1% $655,000 9.9% 7.4%

PEREGIAN SPRINGS 29 $543,750 -0.2% $555,500 -0.1% 5.8%

SIPPY DOWNS 45 $432,500 -1.8% $442,250 6.6% 1.7%

TWIN WATERS ~ 13 $710,000 17.4% $670,000 1.9% 3.1%

WARANA 9 N/A N/A $530,000 6.0% 9.3%

WOOMBYE 6 N/A N/A $397,500 9.0% 3.2%

WURTULLA 19 $470,000 0.8% $480,000 9.7% 3.2%

YANDINA 6 N/A N/A $380,000 14.3% 4.1%

YAROOMBA ~ 11 $623,000 17.5% $555,000 9.1% 2.0%

SURROUNDS

NOOSA (LGA) ~ f 146 $565,000 8.7% $555,000 6.7% 4.2%

NOOSA (LGA) ^ ~ 53 $595,000 7.2% $536,000 -0.1% -1.5%

BLACK MOUNTAIN ^ 1 N/A N/A $485,000 -3.4% -4.9%

COOROY 15 $455,000 N/A $425,000 9.0% 1.9%

DOONAN ^ 13 $641,000 6.8% $600,000 -4.0% -5.1%

LAKE MACDONALD ^ ~ f 3 N/A N/A $622,500 28.4% 40.7%

NOOSA HEADS ~ f 15 $950,000 59.2% $680,000 6.3% 6.3%

NOOSAVILLE ~ 28 $757,500 18.3% $765,000 12.5% -3.8%

PEREGIAN BEACH 13 $679,500 2.0% $624,000 4.4% 7.1%

SUNSHINE COAST (SD) 698 $355,000 1.4% $360,000 5.4% -3.6%

SUNSHINE COAST (LGA) 579 $348,000 -0.4% $355,000 2.3% -3.1%

ALEXANDRA HEADLAND 37 $340,000 0.3% $330,000 2.3% -1.5%

BATTERY HILL 2 N/A N/A $251,500 N/A -7.2%

BIRTINYA 5 N/A N/A $440,000 10.0% N/A

BUDDINA ~ 7 N/A N/A $441,000 22.5% 17.6%

BUDERIM * 32 $395,000 6.8% $375,000 -2.7% -2.6%

CALOUNDRA ~ f 31 $355,000 -14.4% $390,000 11.7% 1.3%

COOLUM BEACH 24 $343,250 -3.0% $356,250 3.3% 1.8%

CURRIMUNDI 4 N/A N/A $360,000 5.6% 0.7%

GOLDEN BEACH ~ f 27 $372,500 25.2% $345,000 -0.4% -4.2%

KINGS BEACH * 36 $367,500 -5.8% $378,000 16.8% -10.0%

LITTLE MOUNTAIN * t 4 N/A N/A $384,000 N/A N/A

MARCOOLA 16 $359,000 N/A $315,000 2.3% -19.2%

MAROOCHYDORE * f 107 $358,125 7.9% $355,625 0.2% -5.2%

MINYAMA 5 N/A N/A $297,000 3.8% -1.0%

MOOLOOLABA ~ f 65 $329,250 -17.7% $360,000 4.3% -3.2%

MOUNT COOLUM ~ 12 $349,500 N/A $351,500 36.5% 1.9%

MOUNTAIN CREEK * t 9 N/A N/A $385,000 4.1% 22.2%

NAMBOUR 16 $264,750 2.2% $237,500 -10.4% -18.1%

PARREARRA ~ f 12 $455,000 N/A $408,750 0.9% -20.6%

TWIN WATERS 10 $520,000 N/A $477,000 -0.1% -15.6%

WARANA 9 N/A N/A $318,500 1.8% -3.8%

WURTULLA 9 N/A N/A $333,000 18.3% N/A

SURROUNDS

NOOSA (LGA) 119 $385,000 2.7% $389,000 2.4% -10.6%

NOOSAVILLE 32 $373,500 8.3% $360,000 0.0% -2.4%

PEREGIAN BEACH 2 N/A N/A $353,750 -6.3% -21.8%

SUNRISE BEACH ~ f 5 N/A N/A $366,500 14.5% -8.4%

SUNSHINE BEACH ~ f 16 $486,000 -16.9% $540,000 16.4% 8.6%

TEWANTIN 11 $305,000 N/A $285,000 0.0% -3.4%

NOOSA HEADS ~ 36 $477,500 16.8% $520,250 13.1% -5.0%

SUNSHINE COAST (SD) 107 $250,000 -3.5% $240,000 2.1% -2.4%

SUNSHINE COAST (SD) ^ ~ 20 $282,500 -8.9% $305,000 2.7% 0.8%

SUNSHINE COAST (LGA) 83 $239,500 -1.1% $236,600 2.9% -3.0%

SUNSHINE COAST (LGA) ^ ~ 17 $285,000 -9.2% $310,000 6.9% 2.5%

BIRTINYA ~ * f 0 N/A N/A $253,000 N/A -20.0%

BLI BLI 5 N/A N/A $237,500 3.9% -2.1%

BUDERIM 4 N/A N/A $299,000 7.9% 3.1%

CALOUNDRA WEST * 9 N/A N/A $208,000 16.6% -12.7%

COOLUM BEACH ~ 6 N/A N/A $318,942 26.3% N/A

FOREST GLEN 1 N/A N/A $241,750 N/A N/A

GLASS HOUSE MOUNTAINS * 8 N/A N/A $195,000 N/A N/A

LITTLE MOUNTAIN 9 N/A N/A $232,000 3.1% -7.9%

MALENY 8 N/A N/A $225,000 N/A 2.3%

MAROOCHYDORE * f 2 N/A N/A $250,000 25.0% N/A

MERIDAN PLAINS * 4 N/A N/A $229,500 N/A 3.9%

MOUNTAIN CREEK 1 N/A N/A $260,000 4.0% 8.3%

PELICAN WATERS ~ * 2 N/A N/A $462,750 41.3% 44.6%

PEREGIAN SPRINGS * 18 $200,000 N/A $256,000 6.7% -5.2%

SURROUNDS

NOOSA (LGA) * f 24 $365,500 -16.5% $291,850 8.9% 2.4%

NOOSA (LGA) ^ 3 N/A N/A N/A N/A N/A

NOOSAVILLE * f 11 $525,000 N/A $390,500 37.0% 29.1%

23


MARCH QUARTER 2015


FRASER COAST





HOUSE PRICEPOINTS


1,078 1,234

571

22

1,079 1,276

540

19

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



58

541 629

117 54

532

667

119

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


DEC 14 MAR 15

159

33 12

157

47

11

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


DEC 14 MAR 15

161

214

103

158

245

87

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


DEC 14 MAR 15

202

60

6

227

70

13

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


DEC 14 MAR 15

51 47

10

44 47

19

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


DEC 14 MAR 15

222

165

65

200 166

51

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


DEC 14 MAR 15

64 73

23

77 83

40

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


DEC 14 MAR 15

142

60

19

133

72

22

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


DEC 14 MAR 15

130

788

1,922

332 129

753

1,840

247

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


DEC 14 MAR 15271

200

87

239

196

70

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


DEC 14 MAR 15

88

459 426

46 62

443 445

55

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


DEC 14 MAR 15

SUNSHINE COAST REGIONAL $420 774 $400 762

4518 GLASS HOUSE MOUNTAINS $385 11 $350 7

4519 BEERWAH $340 26 $350 23

4550 LANDSBOROUGH $350 11 $350 15

4551 CALOUNDRA $410 160 $400 131

4552 MALENY $370 24 $355 27

4553 PALMVIEW $410 9 $370 14

4555 PALMWOODS $380 8 $350 8

4556 BUDERIM $440 82 $420 87

4557 MOOLOOLABA $455 49 $410 55

4558 MAROOCHYDORE $430 55 $400 49

4559 WOOMBYE $430 7 $370 11

4560 NAMBOUR $370 80 $350 82

4561 YANDINA $350 6 $370 12

4562 BELLI PARK $430 12 $400 16

4564 MARCOOLA $390 26 $420 34

4572 ALEXANDRA HEADLAND $520 6 $390 8

4573 COOLUM BEACH $440 85 $420 72

4574 COOLABINE $285 5 $275 5

4575 BIRTINYA $425 111 $420 101

NOOSA SHIRE $440 108 $395 140

4565 TEWANTIN $430 36 $390 52

4566 NOOSAVILLE $450 11 $460 11

4567 NOOSA HEADS $480 31 $450 39

4563 COOROY $390 15 $360 16

4568 FEDERAL $390 10 $350 14


4519 BEERWAH $181 6 N.A. 1

4551 CALOUNDRA $325 153 $310 157

4556 BUDERIM $325 77 $310 44

4557 MOOLOOLABA $330 125 $315 88

4558 MAROOCHYDORE $360 174 $350 175

4559 WOOMBYE $270 8 $280 10

4560 NAMBOUR $250 41 $240 53

4561 YANDINA $260 8 $240 9

4564 MARCOOLA $380 59 $355 56

4572 ALEXANDRA HEADLAND $360 46 $350 73

4573 COOLUM BEACH $360 70 $330 68

4575 BIRTINYA $400 104 $350 107

NOOSA SHIRE $360 105 $350 106

4565 TEWANTIN $300 10 $290 7

4566 NOOSAVILLE $360 31 $330 29

4567 NOOSA HEADS $365 63 $370 66


4519 BEERWAH $300 13 $310 7

4551 CALOUNDRA $405 46 $380 25

4556 BUDERIM $400 36 $380 28

4557 MOOLOOLABA $420 34 $400 21

4558 MAROOCHYDORE $380 34 $355 24

4560 NAMBOUR $380 14 $320 13

4564 MARCOOLA $410 11 $400 8

4573 COOLUM BEACH $440 35 $425 24

4575 BIRTINYA $400 8 $450 10

NOOSA SHIRE $460 26 $450 20

4566 NOOSAVILLE $475 13 $550 10

4567 NOOSA HEADS $460 11 $450 7

The Fraser Coast data reveals a picture of emerging strong demand and limited supply in the housing market, illustrated by a jump of 21 per cent in sales transactions and a small lift in median house price.

The Fraser Coast Regional Council is focusing on measures that continue the region’s population growth, including attracting retirees from the southern states. The Council recently approved a 154-bed nursing home, which will add about 80 jobs to the community.

The council also offers discounts on infrastructure charges for retirement-focused resort-style developments as well as a means-tested new build boost for local first home buyers.

In addition, expansions to the Stockland shopping centre in Hervey Bay have improved the retail offering in the community, adding jobs and supporting population growth.

The possibility of a new convention centre development and the Hervey Bay Boat Club redevelopment may trigger additional confidence in the market and bring employment prospects to the area.

Agents are confident the local market will continue to strengthen and historical patterns suggest that the region follows trends set by the Sunshine Coast and Brisbane, both of which are performing well.

HOUSE MARKET

Over the March quarter preliminary house sales numbers on the Fraser Coast jumped an impressive 21 per cent – the largest increase of all major regional centers. With 335 transactions recorded, this is the highest level of preliminary sales the region has seen in over five years – indicating that the region has firmly moved into the recovery phase.

Local agents confirm that there is increasing levels of activity and that median prices look to be on the rise.

In a bid to further boost affordability is the Council’s $12,000 grant for new builds for home buyers. Means-tested, the council-grant is in addition to the current Great Start Grant, giving those eligible first-home buyers the extra financial boost they need and as a result subdivisions in the region are selling steadily.



FRASER COAST (LGA) 335 $285,500 0.2% $292,500 -0.8% -4.1%

FRASER COAST (LGA) ^ 62 $365,000 1.4% $365,000 1.4% -3.9%

BURRUM HEADS 12 $332,500 N/A $395,179 6.8% -3.0%

DUNDOWRAN BEACH ^ 6 N/A N/A $500,000 N/A N/A

ELI WATERS 11 $312,500 2.0% $315,000 -1.3% -5.9%

GLENWOOD ^ 7 N/A N/A $195,000 -3.7% -14.3%

GRANVILLE 10 $178,750 N/A N/A N/A N/A

KAWUNGAN 21 $330,000 -7.0% $331,000 3.4% 0.3%

MARYBOROUGH 49 $203,500 2.3% $204,000 0.7% -13.2%

PIALBA 8 N/A N/A $272,500 -5.4% -8.9%

POINT VERNON 31 $295,000 -7.1% $295,000 -3.3% -6.3%

RIVER HEADS 8 N/A N/A $280,000 5.7% N/A

SCARNESS 23 $271,000 2.3% $275,000 -1.6% -10.6%

TINANA 6 N/A N/A $270,000 0.7% -12.9%

TOOGOOM 11 $305,000 0.0% $305,000 7.0% -4.5%

TORQUAY 39 $282,500 0.2% $308,250 -4.3% -2.8%

URANGAN 49 $310,000 -1.6% $310,000 1.6% -2.9%

URRAWEEN 31 $348,000 8.8% $341,500 3.1% -0.9%

SURROUNDS

GYMPIE (LGA) ~ 107 $273,750 7.4% $260,000 2.0% -8.8%

GYMPIE (LGA) ^ 77 $327,000 4.3% $325,000 1.6% -11.0%

COOLOOLA COVE 14 $280,000 N/A $275,000 10.0% -11.3%

CURRA ^ ~ 9 N/A N/A $244,500 -7.7% -17.0%

GYMPIE 49 $241,000 0.0% $238,500 2.1% -10.0%

KANDANGA ^ 2 N/A N/A $282,500 N/A N/A

RAINBOW BEACH 4 N/A N/A $405,000 N/A N/A

SOUTHSIDE 18 $307,000 -8.0% $315,000 2.2% -6.0%

TIN CAN BAY 12 $312,500 11.6% $290,000 -7.9% -6.5%

SOUTH BURNETT (LGA) ~ 50 $165,000 -21.4% $195,000 -2.5% -17.0%

SOUTH BURNETT (LGA) ^ ~ 35 $275,000 -7.1% $260,000 4.0% -7.5%

KINGAROY 24 $245,500 -0.5% $231,250 -1.6% -12.7%

MURGON 10 $140,000 N/A $142,000 -11.3% -17.7%

NANANGO 5 N/A N/A $170,000 -2.9% -23.6%

FRASER COAST CONTINUED

UNIT PRICEPOINTS


47

310

770

427

4755

342

811

468

49

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


DEC 14 MAR 15

225 239

100

46

3

256237

137

86

10

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


DEC 14 MAR 15


179

419

321

165

33

239

493431

202

32

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


DEC 14 MAR 15

83

215

177

101

35

97

231 221

116

18

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


DEC 14 MAR 15

16

107

2

21

8

4 3

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


DEC 14 MAR 15

205

6732 23

165

5031 18

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


DEC 14 MAR 15

1916

61

28

19

6

0

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


DEC 14 MAR 15

9

54

0

7

4

2

0

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


DEC 14 MAR 15

39

2417 20

54

41

18 16

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


DEC 14 MAR 15

6 57

5

19

13

3 3

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


DEC 14 MAR 15

912

3

7

23

11 10

4

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


DEC 14 MAR 15

28

40

104

36

52

14

4

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


DEC 14 MAR 15

LAND PRICEPOINTS


19

3136

1418

47

35

23

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


DEC 14 MAR 15

344

5919 4

339

8129 3

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



91

36

9 9

73

179 8

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


DEC 14 MAR 15

49

2619

13

52

26

14 15

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


DEC 14 MAR 15

29

0 0

48

0 0

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


DEC 14 MAR 15

69

113

64

6 2

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


DEC 14 MAR 15

44

2 1

50

2 1

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


DEC 14 MAR 15

20

20

15

02

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


DEC 14 MAR 15

18

62

30

1 0

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


DEC 14 MAR 15

35

40

43

1 1

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


DEC 14 MAR 15

27

2 0

34

4 2

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


DEC 14 MAR 15

83

6 2

43

1 1

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


DEC 14 MAR 15



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE


SALES MARKET - UNITS & TOWNHOUSESFRASER COAST (LGA) ~ f 58 $242,000 -10.4% $260,000 0.4% -8.8%

PIALBA ~ f 6 N/A N/A $258,500 -16.6% -19.5%

TORQUAY 15 $215,000 N/A $213,000 -0.9% -14.8%

URANGAN ~ f 26 $246,000 -15.2% $278,250 -0.6% -15.4%

GYMPIE 2 N/A N/A $255,000 N/A N/A

FRASER COAST (LGA) ~ 53 $140,000 12.0% $148,000 1.4% -1.3%

FRASER COAST (LGA) ^ ~ 28 $77,500 -32.6% $100,000 15.6% 1.5%

BURRUM HEADS ~ 9 N/A N/A $105,000 N/A -31.1%

NIKENBAH 0 N/A N/A $149,000 N/A N/A

RIVER HEADS ~ 6 N/A N/A $95,000 N/A -36.7%

TOOGOOM ~ 3 N/A N/A $105,500 5.5% -27.7%

WONDUNNA * 3 N/A N/A $158,000 N/A -7.1%

GLENWOOD ^ ~ 7 N/A N/A $65,000 -5.8% -15.0%

SURROUNDS

GYMPIE (LGA) ~ 21 $122,500 22.5% $114,000 1.8% -8.1%

GYMPIE (LGA) ^ 18 $122,000 1.7% $121,000 0.8% -10.4%

GYMPIE ~ 9 N/A N/A $105,000 -9.9% -4.5%

UNIT MARKET

Over the March quarter, Fraser Coast’s unit market also recorded an increase in activity, however with a median sale price not much more affordable than the house median, the unit market continues to struggle to attract the buyer demand.

Low interest rates, the housing market’s relative affordability and the council first home buyer grant, has possibly seen buyers stretch themselves from buying a unit, to buying a house, which over the March quarter was only about $43,000 more.

In addition, new stock built eight years ago is still being absorbed. Buyer demand however is evidently there with the significant improvement in average days on market, down to 104 days over the year to February from 140 days on market a year ago.

Average vendor discounting is likewise trending downwards, with the region’s unit market recording the highest improvement of all major regional centers over the year.

RENTAL MARKET

On the Fraser Coast, vacancy levels increased slightly to 2.3 pre cent over the three months to March. According to local agents, tenant enquiry levels remain strong and with minimal investor activity, vacancies are expected to remain at current levels.

Although median rents on the Fraser Coast are amongst the most affordable for the major centres, gross yields for units in particularly are amongst the highest. On the back of an easing median sale price and increasing rents over the quarter, the gross yield for units was up 2.2 percentage points to 6.9 per cent.

25


MARCH QUARTER 2015

FRASER COAST REGIONAL $240 171 $225 168

4650 ALDERSHOT $195 50 $185 46

4655 BOORAL $260 119 $240 121

GYMPIE REGIONAL $215 41 $208 66

4570 AMAMOOR $210 28 $204 49

4580 COOLOOLA $220 5 $225 10

4581 EURONG $250 7 $250 5

SOUTH BURNETT REGIONAL $185 65 $190 48

4605 BARLIL $155 5 $155 8

4610 ALICE CREEK $190 53 $200 33

4615 BARKER CREEK FLAT $160 7 N.A. 4


BUNDABERG






4650 ALDERSHOT $260 114 $250 134

4655 BOORAL $300 170 $290 188

4659 BEELBI CREEK $270 22 $250 11


4570 AMAMOOR $260 119 $260 173

4580 COOLOOLA $280 27 $265 26

4581 EURONG $300 5 N.A. 4

4600 BLACK SNAKE $210 5 N.A. 1

4601 BARAMBAH $180 5 $180 7

SOUTH BURNETT REGIONAL $230 162 $240 143

4605 BARLIL $220 25 $225 18

4606 CHARLESTOWN $200 16 $225 13

4608 CHARLESTOWN $210 8 N.A. 3

4610 ALICE CREEK $250 76 $260 75

4615 BARKER CREEK FLAT $230 34 $230 33


4655 BOORAL $330 54 $320 78


4570 AMAMOOR $250 12 N.A. 3

In the December 2014 QMM, the REIQ forecast imminent green shoots in Bundaberg and this has proven accurate.

A significant level of optimism is colouring the real estate sector, with Council approvals up significantly and a new raft of subdivisions springing up across the Bundaberg region.

The local economy has improved and, anecdotally, agents are reporting that even though there was a flat period following the change of government in January, confidence is returning and a good supply of product is coming to the market.

Additionally, after a question mark hovered over the gas pipeline project, Labor gave it the green light in March and now pegs are in the ground, outlining the route it will take. This will give a substantial injection of jobs and money into the economy.

Other major projects that would provide additional boosts to the area include the $73 million port development and the $93 million upgrade to the Rubyanna Wastewater Treatment Plant.

A new Bunnings outlet opened at the start of the year and the new Masters outlet is a step closer with the construction company lodging plans with Bundaberg Regional Council, adding to the optimism in the community.

HOUSE MARKET

Reflecting similar themes across much of regional Queensland, the Bundaberg market is experiencing steady market conditions with hints of improving sales activity over the March quarter this year.

Preliminary house sales numbers were up by 6 per cent compared with the previous quarter along with the improving median house price, which was up by 2.9 per cent, to $283,000 however still remains the most affordable major regional center.

According to local agents, first home buyers are amongst the most active in the Bundaberg region.

Despite the lift in sales activity across the house market, all other market indicators show that Bundaberg is still stabilizing, with average days on market stretching out by a further 16 days compared to a year ago.

Average vendor discounting also increased slightly from 6.8 per cent in 2014 to 8 per cent over the year to the end of February of 2015.

UNIT MARKET

The unit and townhouse market continues to experience easing of conditions with all indicators suggesting that apartment sales have been sluggish compared with housing market data.

The median unit price for the March quarter in Bundaberg was $231,000, down 12.6 per cent compared with the previous quarter. However, this drop was largely influenced by an increase in sales in the sub-$250,000 price point.

Days on market and vendor discounting also point to a slow unit market, with days on market increasing from 109 in 2014 to 152 in 2015 and vendor discounting increasing from 6.1 per cent to 8.5 per cent.

However, according to local agents proposed infrastructure projects – especially the port development, if it goes ahead – should position Bundaberg as a thriving business centre with export and import activity delivering increased commerce through the region.

This they say should cascade positive effects into the unit market as young couples move to Bundaberg for new employment opportunities and seeking to get into a very affordable apartment market.



BUNDABERG REGIONAL $280 361 $285 403

4660 ABINGTON $275 24 $270 18

4670 ABBOTSFORD $285 316 $285 357

4671 BOOLBOONDA $250 21 $260 26

NORTH BURNETT REGIONAL $215 54 $250 46

4625 ARANBANGA $235 24 $260 18

4626 BEERON $200 10 $230 12

4630 BANCROFT $180 15 $230 8

UNIT PRICEPOINTS


47

310

770

427

4755

342

811

468

49

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


DEC 14 MAR 15

225 239

100

46

3

256237

137

86

10

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


DEC 14 MAR 15


179

419

321

165

33

239

493431

202

32

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


DEC 14 MAR 15

83

215

177

101

35

97

231 221

116

18

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


DEC 14 MAR 15

16

107

2

21

8

4 3

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


DEC 14 MAR 15

205

6732 23

165

5031 18

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


DEC 14 MAR 15

1916

61

28

19

6

0

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


DEC 14 MAR 15

9

54

0

7

4

2

0

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


DEC 14 MAR 15

39

2417 20

54

41

18 16

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


DEC 14 MAR 15

6 57

5

19

13

3 3

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


DEC 14 MAR 15

912

3

7

23

11 10

4

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


DEC 14 MAR 15

28

40

104

36

52

14

4

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


DEC 14 MAR 15

LAND PRICEPOINTS


19

3136

1418

47

35

23

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


DEC 14 MAR 15

344

5919 4

339

8129 3

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



91

36

9 9

73

179 8

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


DEC 14 MAR 15

49

2619

13

52

26

14 15

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


DEC 14 MAR 15

29

0 0

48

0 0

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


DEC 14 MAR 15

69

113

64

6 2

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


DEC 14 MAR 15

44

2 1

50

2 1

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


DEC 14 MAR 15

20

20

15

02

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


DEC 14 MAR 15

18

62

30

1 0

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


DEC 14 MAR 15

35

40

43

1 1

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


DEC 14 MAR 15

27

2 0

34

4 2

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


DEC 14 MAR 15

83

6 2

43

1 1

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


DEC 14 MAR 15





HOUSE PRICEPOINTS


1,078 1,234

571

22

1,079 1,276

540

19

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



58

541 629

117 54

532

667

119

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


DEC 14 MAR 15

159

33 12

157

47

11

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


DEC 14 MAR 15

161

214

103

158

245

87

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


DEC 14 MAR 15

202

60

6

227

70

13

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


DEC 14 MAR 15

51 47

10

44 47

19

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


DEC 14 MAR 15

222

165

65

200 166

51

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


DEC 14 MAR 15

64 73

23

77 83

40

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


DEC 14 MAR 15

142

60

19

133

72

22

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


DEC 14 MAR 15

130

788

1,922

332 129

753

1,840

247

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


DEC 14 MAR 15271

200

87

239

196

70

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


DEC 14 MAR 15

88

459 426

46 62

443 445

55

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


DEC 14 MAR 15



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE




4670 ABBOTSFORD $230 181 $240 177

NORTH BURNETT REGIONAL $165 10 $200 11

BUNDABERG (LGA) 219 $283,000 2.9% $280,000 1.8% -0.5%

BUNDABERG (LGA) ^ ~ 48 $320,000 -6.2% $350,000 1.4% 2.2%

AVENELL HEIGHTS 12 $262,500 -5.9% $259,000 -8.8% -7.5%

AVOCA 13 $330,000 12.6% $328,000 8.0% 2.5%

BARGARA 29 $405,000 10.4% $367,000 0.5% -0.8%

BRANYAN ^ 8 N/A N/A $394,500 0.4% 12.7%

BUNDABERG EAST 14 $252,000 N/A $244,000 -6.2% -12.2%

BUNDABERG NORTH ~ 6 N/A N/A $233,000 33.9% -6.8%

BUNDABERG SOUTH 8 N/A N/A $240,000 14.3% -2.6%

BUNDABERG WEST 9 N/A N/A $292,500 N/A 12.0%

BURNETT HEADS 5 N/A N/A $297,500 13.1% 11.0%

ELLIOTT HEADS 13 $253,000 N/A $297,500 1.2% -12.5%

INNES PARK 9 N/A N/A $355,000 5.7% 0.9%

KALKIE 7 N/A N/A $305,000 -13.5% -15.9%

KEPNOCK 10 $251,750 -1.3% $271,000 3.3% -3.1%

MILLBANK 8 N/A N/A $240,000 -6.3% -2.5%

NORVILLE 7 N/A N/A $223,500 -13.7% -8.8%

SVENSSON HEIGHTS 12 $266,500 6.6% $263,250 1.3% 0.5%

THABEBAN 7 N/A N/A $270,000 -3.6% 0.0%

WALKERVALE 10 $233,000 1.3% $235,000 0.0% 0.0%

WOODGATE 3 N/A N/A $432,500 N/A 1.8%

SURROUNDS

NORTH BURNETT (LGA) 6 N/A N/A $145,000 -7.9% -9.5%

BUNDABERG (LGA) ~ f 36 $231,500 -12.6% $265,000 9.3% -1.9%

BARGARA ~ f 12 $317,500 -15.9% $355,000 36.5% 2.9%

BUNDABERG (LGA) ~ 48 $145,000 5.5% $144,000 0.3% 6.7%

BUNDABERG (LGA) ^ 21 $143,000 N/A $144,200 3.2% 6.0%

BARGARA 7 N/A N/A $167,000 -0.9% 1.2%

BRANYAN * 3 N/A N/A $137,000 N/A N/A

KALKIE * 10 $156,500 N/A $169,000 N/A 35.3%

MOORE PARK BEACH 5 N/A N/A $144,000 0.0% N/A


4670 ABBOTSFORD $300 19 $290 11

RENTAL MARKET

Bundaberg has some improvement vacancy levels, down 0.3 percentage points to 4.1 per cent at the end March. According to local agents, the Bundaberg market is a bit up and down but looks to be stabilising, with tenant demand improving.

Weekly rents according RTA figures have remained relatively stable with three-bedroom houses commanding about $280 a week, down just $5 from the previous quarter. This, along with Cairns, is the most affordable rent of all the major regional centres.

Correspondingly, gross rental yields are up in Bundaberg, with a house and a unit attracting gross yields that are roughly the same, at around 5 per cent.

...proposed infrastructure projects...should position Bundaberg as a thriving business centre...

27


MARCH QUARTER 2015

GLADSTONE

HOUSE PRICEPOINTS


1,078 1,234

571

22

1,079 1,276

540

19

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



58

541 629

117 54

532

667

119

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


DEC 14 MAR 15

159

33 12

157

47

11

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


DEC 14 MAR 15

161

214

103

158

245

87

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


DEC 14 MAR 15

202

60

6

227

70

13

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


DEC 14 MAR 15

51 47

10

44 47

19

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


DEC 14 MAR 15

222

165

65

200 166

51

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


DEC 14 MAR 15

64 73

23

77 83

40

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


DEC 14 MAR 15

142

60

19

133

72

22

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


DEC 14 MAR 15

130

788

1,922

332 129

753

1,840

247

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


DEC 14 MAR 15271

200

87

239

196

70

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


DEC 14 MAR 15

88

459 426

46 62

443 445

55

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


DEC 14 MAR 15

UNIT PRICEPOINTS


47

310

770

427

4755

342

811

468

49

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


DEC 14 MAR 15

225 239

100

46

3

256237

137

86

10

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


DEC 14 MAR 15


179

419

321

165

33

239

493431

202

32

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


DEC 14 MAR 15

83

215

177

101

35

97

231 221

116

18

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


DEC 14 MAR 15

16

107

2

21

8

4 3

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


DEC 14 MAR 15

205

6732 23

165

5031 18

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


DEC 14 MAR 15

1916

61

28

19

6

0

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


DEC 14 MAR 15

9

54

0

7

4

2

0

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


DEC 14 MAR 15

39

2417 20

54

41

18 16

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


DEC 14 MAR 15

6 57

5

19

13

3 3

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


DEC 14 MAR 15

912

3

7

23

11 10

4

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


DEC 14 MAR 15

28

40

104

36

52

14

4

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


DEC 14 MAR 15

LAND PRICEPOINTS


19

3136

1418

47

35

23

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


DEC 14 MAR 15

344

5919 4

339

8129 3

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



91

36

9 9

73

179 8

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


DEC 14 MAR 15

49

2619

13

52

26

14 15

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


DEC 14 MAR 15

29

0 0

48

0 0

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


DEC 14 MAR 15

69

113

64

6 2

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


DEC 14 MAR 15

44

2 1

50

2 1

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


DEC 14 MAR 15

20

20

15

02

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


DEC 14 MAR 15

18

62

30

1 0

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


DEC 14 MAR 15

35

40

43

1 1

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


DEC 14 MAR 15

27

2 0

34

4 2

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


DEC 14 MAR 15

83

6 2

43

1 1

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


DEC 14 MAR 15

The March quarter 2015 saw continued steady conditions for the Gladstone residential property market with both house and unit sales activity remaining relatively unchanged.

LNG construction projects continue to approach completion, however a new $700 million oil refinery is said to have been mooted with construction to potentially begin in 2017.

Gladstone’s rental market continues to improve with rental price corrections bringing local tenants who once had to resort to share-housing or live out of town back into the Gladstone rental market.

Whilst investor activity has declined some local investors who know the Gladstone market well are still active. More first home buyers are emerging given the price corrections being seen and the current low interest rates, according to local agents.

Confidence is said to be beginning to return after a difficult 12 months for the region. Local agents are expecting the market to remain steady for the remainder of 2015, with the Gladstone returning to its usual port, industrial and rural activities that had been overshadowed by the LNG boom.

HOUSE MARKET

Gladstone’s median house price saw an increase of 6.5 per cent over the March quarter on the back of an increase in activity in the $500,000-plus price point.

Although sales activity was down over the quarter, local agents say activity was picking up towards the end of the quarter, particularly at the lower end of the market. With first home buyers becoming more active, the $280,000 to $380,000 price range has been generating good interest. This is likely contributing to the annual median house price dropping 10.7 per cent. Compared to five years ago however, Gladstone’s median house price is up 2.5 per cent.

Average vendor discounting and average days on market for house sales have both levelled off, further indicating stable conditions for Gladstone’s house market.

UNIT MARKET

With next to no investor activity and owner-occupiers typically targeting the house market, sales activity in Gladstone’s unit and townhouse market continues to drop off with the region now recording fewer than 13 sales over the quarter.

According to local agents, at the peak of the market, unit prices were nudging the $500,000 mark with a lot of new stock on the market but they have since dropped back to pre-boom times. This is evident in the significant drop in the region’s annual median unit sale price which is down 26.6 per cent and 10.7 per cent compared to one and five years ago.

On a positive note, the total number of listings for the year ending February is down 21 per cent compared to a year ago along with improvements in the average days on market, which bodes well for the region’s unit and townhouse market.

Local agents say that vendors are having to meet the market more if they want to sell, which is behind the increase in average vendor discounting rate, up 3.3 percentage points to 13.6 per cent over the year to February 2015.

RENTAL MARKET

Gladstone’s rental market meanwhile continues to improve, with its fifth consecutive drop in vacancy rates. With median rents returning to pre-boom times, housing affordability is now the key driver behind the recovery in tenant demand in the region.

According to statistics from the Residential Tenancies Authority, median rents across all property types have fallen between $140 and $255 since rents peaked in over the 2012-2013 financial year.

With little investor activity, the excess supply is gradually being absorbed by tenants who had formerly resorted to share housing or had moved out of town in search of more affordable rentals, according to local agents.

The outlook for the region remains relatively steady with approximately 300 properties from mining company stock said to be released back onto the private rental market in slow increments over the next year or so.



GLADSTONE (LGA) * t 13 $236,000 -3.5% $310,000 -26.6% -10.7%

ROCKHAMPTON




HOUSE PRICEPOINTS


1,078 1,234

571

22

1,079 1,276

540

19

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



58

541 629

117 54

532

667

119

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


DEC 14 MAR 15

159

33 12

157

47

11

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


DEC 14 MAR 15

161

214

103

158

245

87

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


DEC 14 MAR 15

202

60

6

227

70

13

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


DEC 14 MAR 15

51 47

10

44 47

19

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


DEC 14 MAR 15

222

165

65

200 166

51

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


DEC 14 MAR 15

64 73

23

77 83

40

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


DEC 14 MAR 15

142

60

19

133

72

22

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


DEC 14 MAR 15

130

788

1,922

332 129

753

1,840

247

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


DEC 14 MAR 15271

200

87

239

196

70

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


DEC 14 MAR 15

88

459 426

46 62

443 445

55

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


DEC 14 MAR 15



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

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




MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

GLADSTONE (LGA) ~ 111 $379,500 6.5% $375,000 -10.7% 2.5%

GLADSTONE (LGA) ^ ~ 21 $530,000 6.0% $472,500 -9.6% 6.2%

AGNES WATER ^ ~ 4 N/A N/A $347,500 -11.2% -12.0%

BOYNE ISLAND 17 $370,000 N/A $420,000 -8.2% 7.7%

CALLIOPE 8 N/A N/A $380,000 -12.5% 1.3%

CLINTON 10 $366,250 7.1% $355,000 -11.3% -3.5%

GLEN EDEN 5 N/A N/A $429,000 -6.7% -6.7%

KIN KORA 3 N/A N/A $349,500 -11.5% -1.2%

KIRKWOOD ~ 10 $420,000 N/A $430,500 -17.8% N/A

NEW AUCKLAND 9 N/A N/A $369,000 -10.5% -3.9%

SOUTH GLADSTONE ~ 9 N/A N/A $323,500 -19.1% -2.3%

TANNUM SANDS ~ 10 $364,000 -18.2% $425,000 -9.4% -9.4%

TELINA 6 N/A N/A $400,000 1.3% 3.8%

WEST GLADSTONE ~ 10 $275,500 -7.4% $315,000 -18.9% -2.5%

SURROUNDS

BANANA (LGA) 12 N/A N/A $255,000 -3.8% -3.8%

BILOELA ~ 8 N/A N/A $313,250 11.9% 9.9%

GLADSTONE (LGA) ~ 17 $175,000 -12.7% $190,000 -9.1% 5.6%

GLADSTONE (LGA) ^ 3 N/A N/A N/A N/A N/A

KIRKWOOD ~ * 4 N/A N/A $195,000 -20.2% 9.6%

GLADSTONE REGIONAL $300 274 $350 322

4677 AGNES WATER $300 22 $300 18

4680 GLADSTONE $300 249 $360 296

BANANA SHIRE $250 47 $300 56

4715 BILOELA $320 18 $320 30

4718 BAUHINIA $220 26 $250 17


4677 AGNES WATER $250 5 $310 7

4680 GLADSTONE $250 224 $300 227

BANANA SHIRE $250 17 $240 20

4715 BILOELA $270 11 $260 15

4718 BAUHINIA $160 5 N.A. 4


4680 GLADSTONE $340 106 $400 127

In Rockhampton the March quarter this year has seen slowly but surely improvements in the market with local agents noticing a slight pickup in sales activity

Key to this improvement is first home buyers with many doing their sums and recognising that now is the opportune time to buy instead of rent. Rockhampton’s affordable house prices and the low interest rate are helping many first home buyers make that decision.

The local rural economy is also said to be growing in confidence with the beef industry in particularly performing strongly. Local agents say increasing cattle prices and the low Australian dollar are providing a much needed boost.

This confidence is expected to help underpin the Rockhampton property market, with early signs that a recovery may not be too far away. With the ongoing drought however still impacting many parts of Queensland, a little bit of rain would be the extra boost Rockhampton could do with.

While sales activity over the year is still markedly down with many vendors choosing to wait out the bottom of the cycle, the March quarter results indicate that the market may finally be about to turn the corner.

HOUSE MARKET

Over the March quarter, preliminary house sales numbers edged up 4 per cent; while the median house price recorded an encouraging increase of 2 per cent compared to the previous quarter.

According to local agents first home buyers are the most active however some interstate investors are reportedly still keeping an interest in the region. While houses within

the sub-$350,000 price range remains the predominant price point, preliminary numbers in the $350,000 to $500,000 were up on the previous quarter as were sales in the $500,000 plus.

Average days on market remain above that recorded a year ago however they look to be stabilising; while the average vendor discounting rate has increased slightly to 8.9 per cent. With listing numbers still 30 per cent down on a year ago many vendors will likely continue to wait for signs the Rockhampton sales market has improved before we see any recovery in total listings.

UNIT MARKET

Following a dip in activity over the December quarter, unit sales over the first three months of 2015 rebounded back to levels seen over the September quarter. Sales within the new developments in the Rockhampton CBD along the river have dropped off, which has contributed to the region’s median unit sale price fall of 11.4 per cent.

29


MARCH QUARTER 2015

UNIT PRICEPOINTS


47

310

770

427

4755

342

811

468

49

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


DEC 14 MAR 15

225 239

100

46

3

256237

137

86

10

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


DEC 14 MAR 15


179

419

321

165

33

239

493431

202

32

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


DEC 14 MAR 15

83

215

177

101

35

97

231 221

116

18

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


DEC 14 MAR 15

16

107

2

21

8

4 3

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


DEC 14 MAR 15

205

6732 23

165

5031 18

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


DEC 14 MAR 15

1916

61

28

19

6

0

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


DEC 14 MAR 15

9

54

0

7

4

2

0

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


DEC 14 MAR 15

39

2417 20

54

41

18 16

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


DEC 14 MAR 15

6 57

5

19

13

3 3

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


DEC 14 MAR 15

912

3

7

23

11 10

4

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


DEC 14 MAR 15

28

40

104

36

52

14

4

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


DEC 14 MAR 15

LAND PRICEPOINTS


19

3136

1418

47

35

23

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


DEC 14 MAR 15

344

5919 4

339

8129 3

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



91

36

9 9

73

179 8

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


DEC 14 MAR 15

49

2619

13

52

26

14 15

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


DEC 14 MAR 15

29

0 0

48

0 0

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


DEC 14 MAR 15

69

113

64

6 2

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


DEC 14 MAR 15

44

2 1

50

2 1

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


DEC 14 MAR 15

20

20

15

02

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


DEC 14 MAR 15

18

62

30

1 0

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


DEC 14 MAR 15

35

40

43

1 1

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


DEC 14 MAR 15

27

2 0

34

4 2

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


DEC 14 MAR 15

83

6 2

43

1 1

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


DEC 14 MAR 15



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE



ROCKHAMPTON CONTINUED



ROCKHAMPTON (LGA) 170 $300,000 2.0% $292,000 -4.3% 0.0%

ROCKHAMPTON (LGA) ^ 10 N/A N/A $377,500 -0.7% 7.1%

ALLENSTOWN 7 N/A N/A $247,500 -7.0% -4.8%

BERSERKER 19 $233,500 0.6% $235,000 -6.0% -0.4%

FRENCHVILLE 28 $330,000 5.8% $329,000 -3.8% 1.2%

GRACEMERE 14 $293,000 -11.2% $320,000 -4.3% 1.6%

KAWANA 8 N/A N/A $312,500 -1.7% 4.2%

KOONGAL 6 N/A N/A $247,000 -8.5% -8.5%

MOUNT MORGAN ~ 1 N/A N/A $93,750 -27.3% -34.8%

NORMAN GARDENS 26 $417,500 -9.2% $415,000 7.8% 7.8%

PARK AVENUE ~ 15 $286,500 17.7% $265,000 -3.8% 2.1%

THE RANGE 15 $360,000 4.3% $360,000 -1.4% -1.0%

WANDAL ~ 13 $299,000 -12.1% $305,000 10.9% 7.0%

WEST ROCKHAMPTON 8 N/A N/A $255,000 -0.4% -1.9%

SURROUNDS

CENTRAL HIGHLANDS (LGA) ~ 42 $200,000 -12.1% $287,500 -22.3% -16.7%

BLACKWATER 14 $130,000 N/A N/A N/A N/A

EMERALD ~ 25 $265,000 -10.2% $319,500 -19.9% -15.0%

LIVINGSTONE (LGA) ~ 59 $382,500 5.5% $376,000 -1.7% 1.6%

LIVINGSTONE (LGA) ^ 20 $525,000 -0.9% $500,000 1.0% 7.9%

LAMMERMOOR 9 N/A N/A $430,000 -1.7% -1.1%

YEPPOON ~ 15 $400,000 15.1% $355,000 -4.1% 3.3%

ZILZIE 6 N/A N/A $395,000 7.2% 5.2%

ROCKHAMPTON (LGA) * f 15 $310,000 -11.4% $361,125 6.2% 34.6%

ROCKHAMPTON CITY * f 4 N/A N/A $442,500 N/A -14.1%

SURROUNDS

LIVINGSTONE (LGA) ~ f 33 $224,194 -25.0% $281,750 -22.4% -4.5%

YEPPOON ~ f 4 N/A N/A $260,000 -25.6% -12.6%

ZILZIE * 17 $178,415 N/A N/A N/A N/A

ROCKHAMPTON (LGA) ~ * 19 $170,000 41.1% $171,500 2.7% 37.2%

ROCKHAMPTON (LGA) ^ 2 N/A N/A N/A N/A N/A

GRACEMERE ~ 2 N/A N/A $146,500 -1.0% 33.2%

NORMAN GARDENS * 12 $172,500 N/A $183,900 2.2% 8.2%

SURROUNDS

LIVINGSTONE (LGA) 26 $174,000 -0.6% $171,000 0.6% 6.9%

PARKHURST 5 N/A N/A $172,000 0.6% N/A

TAROOMBALL * 5 N/A N/A $180,000 N/A 20.0%

ZILZIE 3 N/A N/A $169,000 0.6% 5.6%

ROCKHAMPTON REGIONAL $300 274 $310 307

4700 ALLENSTOWN $290 93 $320 104

4701 BERSERKER $300 169 $315 194

4714 BAREE $220 12 $200 9

LIVINGSTONE SHIRE $300 171 $320 200

4702 ALBERTA $280 67 $300 105

4703 ADELAIDE PARK $330 83 $360 69

4710 EMU PARK $300 21 $340 25

CENTRAL HIGHLANDS REGIONAL $240 123 $300 122

4717 BLACKWATER $200 53 $275 56

4720 EMERALD $260 62 $320 51

4723 CAPELLA $200 5 $290 7

These new developments however have changed the scope of Rockhampton’s unit market which has pushed the annual median up 6.2 per cent compared to a year ago and 34.6 per cent compared to five years ago.

Over the quarter the affordable end of the market was also a contributing factor to the region’s quarterly median sale price result, with preliminary sales numbers in the sub-$250,000 price point more than doubling that recorded over the December quarter.

RENTAL MARKET

Rockhampton’s vacancy rate at the end of March showed signs of improvement, down 0.8 percentage points to 4.4 per cent. Whilst the vacancy rate has fluctuated somewhat over recent quarters, the oversupply seen has been trending downwards since vacancies peaked at 7 per cent in December 2013.

Local agents say confidence is slowly returning to the Rockhampton market however some investor activity from interstate is continuing to add to supply.

Given the current rental market conditions, median rents have softened with three and four bedroom houses recording a fall of $10 compared to the March quarter last year. Gross house yields however have held improved to 5.2 per cent on the back of easing median sale prices over the year.



ROCKHAMPTON REGIONAL N.A. 9 N.A. 4

4701 BERSERKER $360 5 N.A. 2


4703 ADELAIDE PARK $300 6 $350 6


4720 EMERALD $280 18 $350 6

MACKAY



HOUSE PRICEPOINTS


1,078 1,234

571

22

1,079 1,276

540

19

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



58

541 629

117 54

532

667

119

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


DEC 14 MAR 15

159

33 12

157

47

11

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


DEC 14 MAR 15

161

214

103

158

245

87

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


DEC 14 MAR 15

202

60

6

227

70

13

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


DEC 14 MAR 15

51 47

10

44 47

19

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


DEC 14 MAR 15

222

165

65

200 166

51

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


DEC 14 MAR 15

64 73

23

77 83

40

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


DEC 14 MAR 15

142

60

19

133

72

22

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


DEC 14 MAR 15

130

788

1,922

332 129

753

1,840

247

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


DEC 14 MAR 15271

200

87

239

196

70

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


DEC 14 MAR 15

88

459 426

46 62

443 445

55

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


DEC 14 MAR 15



ROCKHAMPTON REGIONAL $235 212 $240 207

4700 ALLENSTOWN $260 70 $255 41

4701 BERSERKER $230 141 $240 166


4702 ALBERTA $200 5 $183 9

4703 ADELAIDE PARK $280 76 $300 65

4710 EMU PARK $495 6 N.A. 3


4717 BLACKWATER $120 8 $210 6

4720 EMERALD $200 60 $250 57

As local agents had expected, the first quarter for 2015 saw an improvement in the Mackay market with sales activity up across all property types. Sales numbers now appear to be levelling out, with the trend in sales activity hovering around the 200 preliminary house sales mark for four consecutive quarters.

In a bid to improve Mackay’s current economic climate, the local council is said to be helping Mackay diversify into other industries such as tourism, education and health.

Local agents say that whilst prices have seen a correction back to pre-boom times, the Mackay real estate looks to be in a position of stability with the outlook for the balance of 2015 much brighter than it was this time last year.

Given the softening of property prices and an abundant supply of listings, first home buyers are becoming more active, as are some astute investors who are taking advantage of the affordable prices.

HOUSE MARKET

Following a dip in activity over the December quarter, the Mackay house market made some ground back with an increase of 18 per cent in sales activity over the March quarter this year. With an improvement in sales activity in the $500,000-plus price point, Mackay’s median house price was up 4.1 per cent.

House sales in the sub-$350,000 bracket are said to be achieving the most positive results for vendors with the reappearance of first home buyers in Mackay.

Indicative of the current state of the market however, the region’s annual median is down 6.9 per cent compared to the previous year.

House listing numbers over the year to February have levelled out however according to local agents there still remains in oversupply. As such current active buyers are in no hurry to make a decision which is behind the extended average days on market which has blown out to 103 days. Average vendor discounting likewise has pushed out further to over 10 per cent.

UNIT AND TOWNHOUSE MARKET

Unit and townhouse sales over the March quarter also saw an increase in activity with the most improvement seen in the sub-$250,000 price point.

According to local agents, vendors who have held their property for a long period of time are achieving positive sales results. However those that bought within the last year, particularly off-the-plan sales are hurting from the price corrections that are currently taking place.

Over the year to February average vendor discounting has pushed out further than house sales, up 4.4 percentage points to 13.7 per cent – making Mackay the most discounted of all the major regions in Queensland.

Average days on market have also increased, with units and townhouses now taking nearly a month longer to sell than they did a year ago. According to local agents the ongoing costs for strata insurance and body corporate fees is really impacting on this segment of Mackay’s residential market.

RENTAL MARKET

Early signs of stabilisation are being seen in Mackay at long last with the vacancy rate coming down 0.4 percentage points to 9.4 per cent at the end of March. Median weekly rents in Mackay have also come down from their peak in late 2012, which bodes well for local Mackay residents, and hopefully the trend seen in Gladstone will also play out in Mackay.

While this price correction may not bode well for investors rental yields, this should help bring the vacancy rate back down to much more healthier levels.

With rental and sale prices softening, the impact on current gross yields hasn’t been as pronounced. Over the year to February 2015, current gross yields for Mackay house rentals were 4.3 per cent, down from 4.8 per cent a year ago. Meanwhile gross yields for units and townhouses has remained unchanged at 4.8 per cent over the year with both rental prices and sale prices softening in relatively equal proportion.

31


MARCH QUARTER 2015

MACKAY REGIONAL $320 407 $370 388

4737 ARMSTRONG BEACH $300 26 $360 26

4740 ALEXANDRA $320 322 $380 308

4741 BALL BAY $270 11 $335 8

4750 BUCASIA $335 22 $350 18

4751 GREENMOUNT $320 11 $350 10

4753 DEVEREUX CREEK $300 7 $300 7

ISAAC REGIONAL $250 134 $300 148

4721 CLERMONT $290 15 $330 13

4742 BURTON $250 5 N.A. 4

4744 MORANBAH $270 77 $325 87

4745 DYSART $150 28 $195 39

4746 GERMAN CREEK $300 8 N.A. 4

WHITSUNDEY REGIONAL $300 129 $340 141

4800 ANDROMACHE $360 23 $340 31

4802 AIRLIE BEACH $375 42 $395 52

4804 COLLINSVILLE $170 11 $300 13

4805 BINBEE $280 53 $300 45

MACKAY (LGA) ~ 205 $385,000 4.1% $390,000 -6.9% -0.8%

MACKAY (LGA) ^ 24 $430,000 0.6% $450,000 -12.6% -4.5%

ANDERGROVE 17 $356,000 -2.5% $365,000 -8.8% -7.6%

BEACONSFIELD 14 $359,500 N/A $379,500 -10.9% -4.4%

BLACKS BEACH 3 N/A N/A $435,000 -1.9% -4.7%

BUCASIA 12 $354,000 N/A $406,000 -2.6% -3.3%

EAST MACKAY 8 N/A N/A $382,500 -8.9% 3.4%

EIMEO 10 $403,500 N/A $414,500 -10.9% -7.9%

GLENELLA 21 $495,000 N/A $479,000 -6.1% -4.2%

MARIAN 6 N/A N/A $463,500 -1.0% 18.1%

MOUNT PLEASANT 9 N/A N/A $400,000 -7.0% -4.8%

NORTH MACKAY 11 $287,500 -12.9% $315,000 -14.9% -6.0%

OORALEA 4 N/A N/A $455,000 -5.7% 3.4%

RURAL VIEW 10 $470,000 N/A $449,500 -8.1% 0.3%

SARINA 4 N/A N/A $280,000 -12.5% -12.5%

SLADE POINT ~ 4 N/A N/A $302,500 -18.2% -14.8%

SOUTH MACKAY 9 N/A N/A $347,500 -6.2% -0.1%

WALKERSTON 10 $411,000 -2.1% $420,000 -1.9% -5.6%

WEST MACKAY 22 $338,000 -0.6% $345,000 -6.9% -2.3%

SURROUNDS

ISAAC (LGA) ~ 25 $215,000 43.3% $215,000 -38.6% -46.9%

MORANBAH ~ 10 $208,500 N/A $217,000 -40.1% -50.2%

WHITSUNDAY (LGA) ~ 52 $405,000 5.9% $380,000 -1.3% -1.0%

WHITSUNDAY (LGA) ^ ~ 6 N/A N/A $525,000 12.4% 14.8%

BOWEN ~ 14 $310,000 -15.4% $346,250 -0.4% -1.1%

CANNONVALE 17 $429,850 -1.2% $438,000 -1.7% -2.2%

PROSERPINE ~ 6 N/A N/A $265,500 -21.9% -24.1%



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE




UNIT PRICEPOINTS


47

310

770

427

4755

342

811

468

49

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


DEC 14 MAR 15

225 239

100

46

3

256237

137

86

10

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


DEC 14 MAR 15


179

419

321

165

33

239

493431

202

32

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


DEC 14 MAR 15

83

215

177

101

35

97

231 221

116

18

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


DEC 14 MAR 15

16

107

2

21

8

4 3

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


DEC 14 MAR 15

205

6732 23

165

5031 18

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


DEC 14 MAR 15

1916

61

28

19

6

0

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


DEC 14 MAR 15

9

54

0

7

4

2

0

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


DEC 14 MAR 15

39

2417 20

54

41

18 16

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


DEC 14 MAR 15

6 57

5

19

13

3 3

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


DEC 14 MAR 15

912

3

7

23

11 10

4

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


DEC 14 MAR 15

28

40

104

36

52

14

4

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


DEC 14 MAR 15

LAND PRICEPOINTS


19

3136

1418

47

35

23

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


DEC 14 MAR 15

344

5919 4

339

8129 3

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



91

36

9 9

73

179 8

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


DEC 14 MAR 15

49

2619

13

52

26

14 15

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


DEC 14 MAR 15

29

0 0

48

0 0

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


DEC 14 MAR 15

69

113

64

6 2

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


DEC 14 MAR 15

44

2 1

50

2 1

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


DEC 14 MAR 15

20

20

15

02

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


DEC 14 MAR 15

18

62

30

1 0

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


DEC 14 MAR 15

35

40

43

1 1

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


DEC 14 MAR 15

27

2 0

34

4 2

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


DEC 14 MAR 15

83

6 2

43

1 1

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


DEC 14 MAR 15




MACKAY (LGA) ~ f 39 $250,000 -31.5% $305,000 -1.6% 0.0%

MACKAY ~ f 7 N/A N/A $292,844 -16.1% 4.6%

SURROUNDS

WHITSUNDAY (LGA) ~ 20 $252,500 5.2% $310,000 -3.1% -6.1%

AIRLIE BEACH 8 N/A N/A $396,000 5.0% -25.2%

CANNONVALE 8 N/A N/A $253,750 1.5% -18.9%

MACKAY (LGA) ~ 31 $195,000 -4.2% $202,000 -2.4% 12.8%

MACKAY (LGA) ^ 2 N/A N/A N/A N/A N/A

SURROUNDS

WHITSUNDAY (LGA) 17 $150,000 N/A $164,750 7.0% 6.3%

CANNONVALE 8 N/A N/A $164,500 11.1% 2.8%


4737 ARMSTRONG BEACH $200 15 $270 22

4740 ALEXANDRA $235 289 $295 303

4750 BUCASIA $170 5 $280 10

4751 GREENMOUNT $225 10 $270 5


4721 CLERMONT $170 5 N.A. 4

4744 MORANBAH $325 7 $60 32


4800 ANDROMACHE $210 13 $220 18

4802 AIRLIE BEACH $285 101 $305 98

4805 BINBEE $250 42 $300 19


4740 ALEXANDRA $320 46 $380 69


4721 CLERMONT $375 6 $350 8

4744 MORANBAH $350 13 $60 24


4800 ANDROMACHE $330 5 N.A. 2

4802 AIRLIE BEACH $300 21 $380 20



TOWNSVILLE

HOUSE PRICEPOINTS


1,078 1,234

571

22

1,079 1,276

540

19

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



58

541 629

117 54

532

667

119

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


DEC 14 MAR 15

159

33 12

157

47

11

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


DEC 14 MAR 15

161

214

103

158

245

87

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


DEC 14 MAR 15

202

60

6

227

70

13

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


DEC 14 MAR 15

51 47

10

44 47

19

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


DEC 14 MAR 15

222

165

65

200 166

51

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


DEC 14 MAR 15

64 73

23

77 83

40

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


DEC 14 MAR 15

142

60

19

133

72

22

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


DEC 14 MAR 15

130

788

1,922

332 129

753

1,840

247

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


DEC 14 MAR 15271

200

87

239

196

70

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


DEC 14 MAR 15

88

459 426

46 62

443 445

55

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


DEC 14 MAR 15

UNIT PRICEPOINTS


47

310

770

427

4755

342

811

468

49

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


DEC 14 MAR 15

225 239

100

46

3

256237

137

86

10

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


DEC 14 MAR 15


179

419

321

165

33

239

493431

202

32

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


DEC 14 MAR 15

83

215

177

101

35

97

231 221

116

18

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


DEC 14 MAR 15

16

107

2

21

8

4 3

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


DEC 14 MAR 15

205

6732 23

165

5031 18

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


DEC 14 MAR 15

1916

61

28

19

6

0

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


DEC 14 MAR 15

9

54

0

7

4

2

0

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


DEC 14 MAR 15

39

2417 20

54

41

18 16

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


DEC 14 MAR 15

6 57

5

19

13

3 3

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


DEC 14 MAR 15

912

3

7

23

11 10

4

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


DEC 14 MAR 15

28

40

104

36

52

14

4

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


DEC 14 MAR 15

LAND PRICEPOINTS


19

3136

1418

47

35

23

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


DEC 14 MAR 15

344

5919 4

339

8129 3

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



91

36

9 9

73

179 8

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


DEC 14 MAR 15

49

2619

13

52

26

14 15

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


DEC 14 MAR 15

29

0 0

48

0 0

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


DEC 14 MAR 15

69

113

64

6 2

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


DEC 14 MAR 15

44

2 1

50

2 1

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


DEC 14 MAR 15

20

20

15

02

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


DEC 14 MAR 15

18

62

30

1 0

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


DEC 14 MAR 15

35

40

43

1 1

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


DEC 14 MAR 15

27

2 0

34

4 2

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


DEC 14 MAR 15

83

6 2

43

1 1

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


DEC 14 MAR 15

The first quarter of 2015 saw the Townsville residential market record continued steadying conditions. Sales activity continues to remain subdued, while time on market also remains steady for both house and unit listings.

According to local agents the Townsville region continues to struggle to find its feet with confidence and the current business climate resulting in inconsistent activity overall. Volumes are said to be there but the market is yet to see much improvement.

Similar to what is being seen in Mackay and Gladstone vendors who have held onto their properties for the longer term are achieving positive results whilst those who are selling within five years of ownership are struggling to sell at a profit.

With minimal investor activity, first home buyers in Townsville have some breathing space and with prices now more affordable, many are said to be taking the plunge. Meanwhile local agents say its only a matter of time before upgraders recognize the current interest rate environment and affordable house prices is a good time to make the move.

However the balance of 2015 they say, will essentially be continued subdued conditions as many vendors continue to wait out the bottom of the market.

HOUSE MARKET

While Townsville looked to be on the road to recovery with an upswing in house sales over the September quarter last year, the following six months saw the Townsville market return to more patchy conditions.

Over the March quarter house sales numbers dropped further by 9 per cent, while the median house price remained relatively steady, down just 0.7 percentage points to $350,000. Over the year to March however, the effect of the slower market is more evident with the region’s annual median down 1.4 and 4.1 per cent over the one and five years respectively.

Local agents say its not all bad news with prime, well-positioned property are seeing consistent results, whereas secondary stock is taking longer to sell.

Whilst average vendor discounting for house sales has nudged down further to 8 per cent, average days on market have remained relatively steady at around 90 days.

UNIT MARKET

Over the March quarter, Townsville’s unit and townhouse market saw an increase in activity predominantly within the sub-$250,000 and sub-$350,000 price points.

This improvement in activity however is largely on the back of softening prices, according to local agents, as many vendors have to accept a price lower than they paid. It is likely that it is this segment of the market that is behind the increase in average vendor discounting for unit sales, up 0.4 percentage points to 9.4 per cent over the year to February.

Over the year to March some suburbs such as Cranbrook and Douglas recorded an increase in sales activity, two of Townsville’s more affordable suburbs for units and townhouses.

RENTAL MARKET

In Townsville, ongoing unemployment levels continue to have a negative impact on the rental market, with the vacancy rate up 1.2 percentage points since December, to 5.9 per cent at the end of March.

According to local agents, the region continues to have an oversupply of rental properties, with tenant demand remaining weak on the back of a slow local economy. In a bid to keep vacancies to a minimum, agents are said to be keeping their landlords informed on the current state of the market.

While this is resulting in a softening of asking rents, median rents according to the RTA have only come back around $20 compared to 12 months ago.

33


MARCH QUARTER 2015

TOWNSVILLE (LGA) 45 $165,000 -1.2% $161,500 -2.1% -1.5%

TOWNSVILLE (LGA) ^ ~ 8 N/A N/A $191,000 -2.1% -6.8%

BOHLE PLAINS 5 N/A N/A $161,000 -1.1% -3.3%

BURDELL * 6 N/A N/A $160,000 7.1% -11.1%

BUSHLAND BEACH 2 N/A N/A $150,000 -7.7% 0.7%

DEERAGUN 3 N/A N/A $166,900 N/A 11.3%

KELSO 2 N/A N/A $135,450 N/A -5.9%

MOUNT LOUISA 3 N/A N/A $189,375 8.2% 13.1%

MOUNT LOW 10 $167,000 3.7% $161,000 1.9% 1.3%

OONOONBA 1 N/A N/A $160,500 -1.5% N/A

SHAW 2 N/A N/A $154,000 N/A N/A

TOWNSVILLE (LGA) 438 $350,000 -0.7% $355,000 -1.4% -4.1%

TOWNSVILLE (LGA) ^ 55 $440,000 2.3% $440,000 5.4% 2.3%

AITKENVALE 12 $289,500 N/A $305,000 -1.6% -9.0%

ALICE RIVER ^ 13 $577,000 N/A $512,000 13.3% 7.8%

ANNANDALE 23 $415,000 -1.9% $420,000 -2.3% -7.7%

BOHLE PLAINS 6 N/A N/A $420,000 -2.3% -5.6%

BURDELL 16 $378,500 -10.7% $419,750 -3.5% 11.2%

BUSHLAND BEACH 25 $405,000 -4.1% $415,000 -0.4% -1.2%

CONDON 14 $272,500 -8.4% $281,000 -5.7% -14.8%

COSGROVE 3 N/A N/A $404,675 N/A N/A

CRANBROOK 21 $290,000 0.0% $290,000 -2.4% -12.1%

CURRAJONG 11 $265,500 N/A $267,500 -14.4% -17.2%

DEERAGUN 5 N/A N/A $320,000 0.5% -4.5%

DOUGLAS 24 $375,000 -5.1% $395,000 -3.7% -4.1%

GULLIVER 10 $295,000 N/A $302,000 2.4% 0.7%

HEATLEY 11 $245,000 N/A $269,000 -8.8% -11.9%

HERMIT PARK 4 N/A N/A $360,000 -5.0% -7.0%

IDALIA 16 $531,000 1.1% $510,000 6.3% 3.9%

KELSO ~ 24 $270,000 -19.5% $297,500 5.5% -5.6%

KIRWAN 63 $342,500 -0.7% $347,500 -0.7% -8.6%

MOUNT LOUISA 17 $360,000 -1.4% $370,000 -8.6% -5.0%

MUNDINGBURRA 7 N/A N/A $380,000 1.6% 2.0%

NORTH WARD 8 N/A N/A $571,000 -2.1% 2.9%

OONOONBA 7 N/A N/A $307,500 N/A N/A

RAILWAY ESTATE 5 N/A N/A $335,000 1.5% -2.0%

RASMUSSEN ~ 12 $394,500 46.7% $286,000 -2.7% -4.7%

SHAW 1 N/A N/A $430,000 3.2% N/A

SOUTH TOWNSVILLE 2 N/A N/A $342,500 -1.4% -8.1%

THURINGOWA CENTRAL 7 N/A N/A $317,000 -0.9% -5.4%

WEST END 12 $360,000 -5.3% $360,000 -6.0% -5.3%

WULGURU 14 $285,000 N/A $295,000 -7.8% -9.2%

SURROUNDS

BURDEKIN (LGA) ~ 27 $250,000 35.1% $200,000 -4.8% -12.5%

AYR 19 $204,500 N/A $235,000 -1.1% -3.5%

CHARTERS TOWERS (LGA) ~ 20 $170,000 -11.7% $176,000 -9.7% -20.7%

HINCHINBROOK (LGA) 14 N/A N/A $227,500 -6.2% -12.5%

INGHAM 5 N/A N/A $223,750 -7.7% -5.8%



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE






TOWNSVILLE (LGA) ~ 136 $272,500 -6.0% $275,000 -1.8% -16.7%

BELGIAN GARDENS * 3 N/A N/A $310,000 N/A 7.3%

CRANBROOK 5 N/A N/A $230,500 N/A N/A

DOUGLAS ~ 7 N/A N/A $290,000 N/A -7.1%

NELLY BAY f * 8 N/A N/A $375,000 21.0% -26.5%

NORTH WARD ~ f 24 $283,500 -37.0% $295,000 -4.5% -19.7%

PIMLICO 17 $309,000 N/A $259,250 N/A 1.7%

ROSSLEA 7 N/A N/A $220,000 -2.2% -33.7%

SOUTH TOWNSVILLE ~ f 18 $522,500 -13.6% $526,808 30.9% 35.6%

TOWNSVILLE CITY ~ f 14 $302,500 -13.6% $379,000 6.4% -24.2%

WEST END 8 N/A N/A $205,000 0.6% -36.5%

TOWNSVILLE CITY $330 788 $350 759

4810 BELGIAN GARDENS $350 59 $350 80

4811 IDALIA $330 40 $330 34

4812 CURRAJONG $325 68 $330 51

4814 AITKENVALE $340 245 $350 251

4815 CONDON $300 121 $319 132

4816 ALLIGATOR CREEK $320 17 $260 6

4817 KIRWAN $335 122 $360 119

4818 DEERAGUN $330 103 $350 68

4819 MAGNETIC IS $300 13 $285 18

BURDEKIN SHIRE $270 77 $260 70

4806 ARKENDEITH $260 17 $250 14

4807 AIRVILLE $280 51 $270 48

4808 BRANDON $230 8 $260 8

CHARTERS TOWERS REGIONAL $240 43 $270 42

4820 RICHMOND HILL $240 43 $270 42

HINCHINBROOK SHIRE $250 28 $250 36

4850 ABERGOWRIE $250 28 $250 36


4810 BELGIAN GARDENS $295 405 $300 394

4811 IDALIA $320 78 $330 49

4812 CURRAJONG $240 190 $260 167

4814 AITKENVALE $295 123 $290 109

4815 CONDON $240 21 $300 31

4817 KIRWAN $265 42 $285 43

4818 DEERAGUN $224 7 $230 6

4819 MAGNETIC IS $300 17 $300 11

BURDEKIN SHIRE $200 55 $200 50

4806 ARKENDEITH $185 8 N.A. 3

4807 AIRVILLE $210 45 $200 45

CHARTERS TOWERS REGIONAL $230 13 $205 18

4820 RICHMOND HILL $230 13 $205 18

HINCHINBROOK SHIRE $180 23 N/A 8

4850 ABERGOWRIE $180 23 $190 8


4810 BELGIAN GARDENS $300 18 $295 26

4812 CURRAJONG $265 29 $280 22

4814 AITKENVALE $300 7 $300 7



CAIRNS

HOUSE PRICEPOINTS


1,078 1,234

571

22

1,079 1,276

540

19

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



58

541 629

117 54

532

667

119

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


DEC 14 MAR 15

159

33 12

157

47

11

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


DEC 14 MAR 15

161

214

103

158

245

87

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


DEC 14 MAR 15

202

60

6

227

70

13

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


DEC 14 MAR 15

51 47

10

44 47

19

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


DEC 14 MAR 15

222

165

65

200 166

51

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


DEC 14 MAR 15

64 73

23

77 83

40

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


DEC 14 MAR 15

142

60

19

133

72

22

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


DEC 14 MAR 15

130

788

1,922

332 129

753

1,840

247

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


DEC 14 MAR 15271

200

87

239

196

70

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


DEC 14 MAR 15

88

459 426

46 62

443 445

55

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


DEC 14 MAR 15

UNIT PRICEPOINTS


47

310

770

427

4755

342

811

468

49

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


DEC 14 MAR 15

225 239

100

46

3

256237

137

86

10

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


DEC 14 MAR 15


179

419

321

165

33

239

493431

202

32

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


DEC 14 MAR 15

83

215

177

101

35

97

231 221

116

18

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


DEC 14 MAR 15

16

107

2

21

8

4 3

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


DEC 14 MAR 15

205

6732 23

165

5031 18

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


DEC 14 MAR 15

1916

61

28

19

6

0

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


DEC 14 MAR 15

9

54

0

7

4

2

0

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


DEC 14 MAR 15

39

2417 20

54

41

18 16

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


DEC 14 MAR 15

6 57

5

19

13

3 3

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


DEC 14 MAR 15

912

3

7

23

11 10

4

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


DEC 14 MAR 15

28

40

104

36

52

14

4

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


DEC 14 MAR 15

LAND PRICEPOINTS


19

3136

1418

47

35

23

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


DEC 14 MAR 15

344

5919 4

339

8129 3

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



91

36

9 9

73

179 8

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


DEC 14 MAR 15

49

2619

13

52

26

14 15

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


DEC 14 MAR 15

29

0 0

48

0 0

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


DEC 14 MAR 15

69

113

64

6 2

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


DEC 14 MAR 15

44

2 1

50

2 1

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


DEC 14 MAR 15

20

20

15

02

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


DEC 14 MAR 15

18

62

30

1 0

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


DEC 14 MAR 15

35

40

43

1 1

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


DEC 14 MAR 15

27

2 0

34

4 2

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


DEC 14 MAR 15

83

6 2

43

1 1

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


DEC 14 MAR 15

Cairns residential property market continued to strengthen over the March quarter with further improvements across most market indicators. Cairns is now the fastest selling tourism region, overtaking the Gold Coast for average days on market for both house and unit sales.

With continued improvement in the Cairns market, more vendors are said to be growing confident which is seeing listing numbers increase in the house market.

Local agents say 2015 will be either an excellent year should major projects, such as the Aquis Casino Resort, go ahead. A number of other developments however should see the region continue to record healthy market conditions moving forward.

Sales activity was relatively stable over the March quarter for house sales, however unit sales were down significantly which local agents say is the typical seasonal trend for the Cairns unit market.

HOUSE MARKET

Over the March quarter, preliminary house sales numbers were relatively stable with the median house sale price also remaining unchanged at $390,000.

According to local agents the top end of the market is improving with some notable properties coming onto the market. Over the March quarter the $350,000 to $500,000 price point was up on the December quarter and continues to be the main selling price point.

House listings over the year to February saw a strong improvement in time on market, with houses selling nearly two weeks quicker than they did the previous year. This was the largest improvement of all major regional centres including Brisbane.

UNIT MARKET

After trending upwards since the start of 2013, sales numbers over the March quarter dropped off significantly compared to the December quarter 2014 (down 15 per cent in Cairns LGA and down 44 per cent in Douglas LGA).

The largest drop in activity was recorded in the sub-$250,000 price point with 20 per cent less preliminary sales recorded compared to the December quarter. However with this being the predominant selling price point, Cairns median unit and townhouse sale price was not impacted by this drop in activity and was in fact up 5.5 per cent over the quarter.

According to local agents this trend in sales activity is typical for this time of year. With increasing investor interest in the region, they believe the outlook for Cairns’ unit and townhouse market looks very promising.

Similar to the house market, Cairns unit market saw an improvement in average days on market, down 16 days to 86 over the year to February, making Cairns’ unit and townhouse market the second fastest selling regional centre after Toowoomba.

RENTAL MARKET

Cairns’ rental market also continues to perform strongly however vacancy rates were up slightly by 0.2 percentage points to 2.4 per cent at the end of March. While still under 2.5 per cent, this is the highest vacancy rate the region has recorded since March 2012.

Local agents report investors still offloading properties into the sales market, which is keeping a lid on rental supply levels. The residential market as a whole is said to have plateaued somewhat but demand for rental properties remains strong.

According to the latest figures from the RTA, median weekly rents over the March quarter remained steady for house rentals, however three-bedroom townhouses recorded an increase of $20 to $330 per week compared to the March quarter last year.

35


MARCH QUARTER 2015

CAIRNS (LGA) ~ 240 $219,500 5.5% $217,200 3.4% -16.5%

BUNGALOW 2 N/A N/A $146,500 11.6% -24.9%

CAIRNS CITY ~ f 23 $265,000 -27.4% $275,000 -29.1% -34.0%

CAIRNS NORTH ~ 25 $244,000 8.4% $225,000 4.7% -25.0%

CLIFTON BEACH 1 N/A N/A $255,000 N/A -16.4%

EARLVILLE ~ 6 N/A N/A $167,000 -20.5% N/A

EDGE HILL 9 N/A N/A $164,500 2.8% -15.6%

EDMONTON 6 N/A N/A $144,750 N/A N/A

FRESHWATER 3 N/A N/A $247,250 N/A -8.4%

HOLLOWAYS BEACH 8 N/A N/A $183,000 10.6% N/A

MANOORA 23 $155,000 6.9% $153,000 5.5% -22.7%

MANUNDA * t 7 N/A N/A $150,000 11.1% -23.1%

MOOROOBOOL ~ 6 N/A N/A $237,500 39.7% 2.9%

PALM COVE ~ 16 $237,200 -20.9% $272,500 18.5% -26.4%

CAIRNS (LGA) 468 $390,000 0.0% $387,000 5.2% 6.9%

CAIRNS (LGA) ^ ~ 27 $635,000 18.1% $585,000 6.4% -0.8%

BAYVIEW HEIGHTS ~ 13 $356,500 -20.5% $387,500 4.7% 7.3%

BENTLEY PARK 35 $316,000 -13.8% $349,950 8.2% 4.5%

BRINSMEAD 11 $465,250 4.6% $425,000 11.8% 4.9%

BUNGALOW ~ 4 N/A N/A $350,000 20.7% 11.1%

CAIRNS NORTH 8 N/A N/A $417,500 3.7% N/A

CARAVONICA 8 N/A N/A $360,000 -4.3% 6.2%

CLIFTON BEACH 9 N/A N/A $527,500 11.1% 8.8%

EARLVILLE 11 $345,000 -1.7% $350,000 12.2% 2.6%

EDGE HILL ~ 13 $460,000 -14.7% $485,000 14.4% 13.1%

EDMONTON 52 $352,500 5.2% $345,000 10.6% 2.2%

FRESHWATER 3 N/A N/A $515,000 N/A 15.7%

GORDONVALE 11 $275,000 5.8% $285,000 -8.1% -5.5%

HOLLOWAYS BEACH 4 N/A N/A $373,500 4.6% 4.5%

KANIMBLA 5 N/A N/A $475,000 3.8% 2.2%

KEWARRA BEACH 35 $440,000 6.0% $430,000 6.4% 4.9%

MANOORA 5 N/A N/A $280,000 5.3% -6.7%

MANUNDA 12 $355,000 12.7% $326,250 5.2% -1.1%

MOOROOBOOL ~ 29 $360,000 -15.3% $359,000 15.4% 5.6%

MOUNT SHERIDAN 35 $365,000 -1.5% $362,500 6.6% 6.1%

PARRAMATTA PARK 7 N/A N/A $387,500 7.6% -5.5%

REDLYNCH 40 $475,000 5.6% $450,500 7.8% 8.8%

SMITHFIELD 21 $390,000 -13.2% $405,000 9.0% 7.7%

TRINITY BEACH 13 $480,000 0.5% $470,000 13.3% 17.5%

TRINITY PARK 14 $410,000 N/A $430,000 11.0% 14.7%

WESTCOURT 7 N/A N/A $332,500 3.4% 3.9%

WHITE ROCK 19 $336,000 12.8% $305,000 12.5% 11.7%

WHITFIELD ~ 15 $565,000 -1.5% $550,000 17.6% 22.2%

WOREE ~ 9 N/A N/A $342,500 22.3% 3.8%

SURROUNDS

CASSOWARY COAST (LGA) 34 $250,000 2.0% $243,500 -1.4% -8.1%

CASSOWARY COAST (LGA) ^ ~ 4 N/A N/A $302,500 -13.6% -13.6%

DOUGLAS (LGA) 31 $415,000 4.0% $380,000 0.1% -1.7%

CRAIGLIE 6 N/A N/A $465,000 N/A N/A

MOSSMAN 3 N/A N/A $282,500 N/A N/A

PORT DOUGLAS ~ 7 N/A N/A $526,250 16.4% 8.5%

WONGA 4 N/A N/A $286,250 N/A N/A

MAREEBA (LGA) ~ 26 $275,000 10.0% $276,000 10.4% 0.4%

MAREEBA (LGA) ^ ~ 19 $430,500 7.0% $430,000 4.2% 4.9%

KURANDA ^ 11 $425,000 -1.2% $435,000 -0.3% -4.4%

MAREEBA ~ 22 $275,000 0.5% $280,000 16.7% 0.0%

MAREEBA ^ 2 N/A N/A $438,000 11.2% N/A

TABLELANDS (LGA) 40 $290,000 -2.4% $287,500 -0.9% -4.2%

TABLELANDS (LGA) ^ ~ 30 $380,750 -7.9% $393,500 8.7% 0.9%

ATHERTON 27 $295,000 -4.1% $300,000 -6.3% -9.1%

TOLGA ^ 9 N/A N/A $425,000 N/A N/A

YUNGABURRA 3 N/A N/A $322,000 N/A N/A



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE





PARRAMATTA PARK 14 $151,000 N/A $222,000 12.4% -13.3%

WESTCOURT ~ 7 N/A N/A $235,000 30.2% -26.7%

WHITE ROCK ~ 8 N/A N/A $229,500 -11.6% -11.3%

WOREE ~ 14 $129,500 -5.8% $142,000 20.9% -16.5%

YORKEYS KNOB 4 N/A N/A $218,000 -3.3% 5.0%

TRINITY BEACH ~ f 21 $245,000 25.6% $245,000 10.1% -20.0%

SURROUNDS

DOUGLAS (LGA) ~ f 35 $240,000 32.6% $240,000 0.0% -4.0%

PORT DOUGLAS ~ f 30 $230,000 27.1% $222,500 -1.1% -7.3%

ATHERTON 10 $215,500 N/A N/A N/A N/A

CAIRNS (LGA) ~ 62 $190,500 -8.0% $199,000 9.6% 17.8%

CAIRNS (LGA) ^ ~ 10 N/A N/A $270,000 20.0% -6.9%

EDMONTON 5 N/A N/A $138,000 N/A 10.4%

REDLYNCH 3 N/A N/A $212,000 15.5% 21.1%

SMITHFIELD 15 $183,500 -5.7% $191,000 14.4% -4.3%

TRINITY BEACH 7 N/A N/A $192,000 10.0% 7.3%

TRINITY PARK 2 N/A N/A $225,000 N/A 35.3%

SURROUNDS

CASSOWARY COAST (LGA) 10 N/A N/A $84,000 -16.0% -40.0%

DOUGLAS (LGA) * 10 N/A N/A $147,000 27.8% 5.0%

ROCKY POINT * 1 N/A N/A $162,000 N/A N/A

MAREEBA (LGA) 10 N/A N/A $90,000 N/A -9.1%

MAREEBA 9 N/A N/A $91,500 7.6% -8.5%

CAIRNS REGIONAL $360 398 $350 482

4861 BABINDA $260 5 N.A. 4

4865 GOLDSBOROUGH $340 15 $330 17

4868 BAYVIEW HEIGHTS $350 69 $330 83

4869 BENTLEY PARK $330 45 $330 64

4870 AEROGLEN $370 152 $350 173

4878 BARRON $360 51 $365 60

4879 BUCHAN POINT $400 61 $380 81

DOUGLAS SHIRE $320 36 $320 34

4873 BAILEY CREEK $315 25 $300 22

4877 CRAIGLIE $400 11 $400 12

CASSOWARY COAST REGIONAL $290 114 $285 112

CARDWELL $280 10 $300 9

4852 BINGIL BAY $325 21 $350 16

4854 BILYANA $290 23 $320 14

4860 BAMBOO CREEK $280 53 $280 60

TABLELANDS REGIONAL $290 82 $280 90

4872 BARRINE $300 7 $280 11

4882 TOLGA $295 6 $300 9

4883 ATHERTON $290 39 $295 29

4884 LAKE BARRINE $330 9 $300 9

4885 BUTCHERS CREEK $280 11 $280 13

4888 EVELYN $275 6 $250 11

MAREEBA SHIRE $300 59 $300 54

4880 ARRIGA $300 45 $300 39

4881 KOAH $360 14 $350 15




4865 GOLDSBOROUGH $220 7 N.A. 4

4868 BAYVIEW HEIGHTS $250 95 $250 73

4869 BENTLEY PARK $250 16 $250 18

4870 AEROGLEN $290 533 $280 535

4878 BARRON $290 90 $270 92

4879 BUCHAN POINT $310 128 $300 158


4873 BAILEY CREEK $200 22 $195 12

4877 CRAIGLIE $290 61 $280 67

CASSOWARY COAST REGIONAL $200 85 $205 98

4852 BINGIL BAY $230 22 $230 35

4854 BILYANA $210 11 $250 10

4860 BAMBOO CREEK $193 49 $190 48

TABLELANDS REGIONAL $230 35 $210 56

4883 ATHERTON $235 28 $220 42

MAREEBA SHIRE $250 25 $216 31

4880 ARRIGA $250 21 $215 28

OTHER REGIONAL




MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE





SOUTH WEST

MARANOA (LGA) 14 N/A N/A $285,000 -1.7% 12.9%

ROMA ~ 10 $291,250 -7.5% $305,000 -4.7% 15.1%

CHARLEVILLE ~ 9 N/A N/A $110,000 -15.1% -24.9%

CENTRAL WEST

LONGREACH (LGA) 5 N/A N/A N/A N/A N/A

LONGREACH 3 N/A N/A $225,000 -8.2% -6.3%

NORTH WEST

MOUNT ISA (LGA) 25 $350,000 -2.8% $351,000 -6.4% 6.4%

TABLELANDS (LGA) 12 N/A N/A $102,000 N/A -15.0%

ATHERTON 11 $103,000 N/A $100,000 N/A -20.0%

ROMA 2 N/A N/A $165,000 3.1% N/A

SOUTH WEST

BALONNE SHIRE $240 19 $240 26

4487 ST GEORGE $240 17 $250 23

MARANOA REGIONAL $350 51 $400 47

4417 SURAT $182 5 N.A. 3

4455 ROMA $350 39 $425 39

MURWEH $230 19 $230 17

4470 CHARLEVILLE $230 19 $230 16

CENTRAL WEST

LONGREACH $260 23 $275 16

4730 BRIXTON $260 21 $280 13

NORTH WEST

CLONCURRY SHIRE $360 15 $380 12

4824 CLONCURRY $360 15 $380 12

MOUNT ISA CITY $430 110 $500 92

4825 ALEXANDRIA $430 110 $500 92

FAR NORTH

COOK SHIRE $280 27 $280 40

4871 ALMADEN $240 16 $250 24

4895 BLOOMFIELD $330 9 $300 16

RENTAL MARKET - 3 BED HOUSES

SOUTH WEST

MARANOA REGIONAL $280 24 $300 17

4455 ROMA $280 23 $300 15

CENTRAL WEST

NORTH WEST

CLONCURRY SHIRE N/A 8 N/A 6

4824 CLONCURRY $220 8 $275 6

MOUNT ISA CITY $290 90 $345 76

4825 ALEXANDRIA $290 90 $345 76

FAR NORTH

COOK SHIRE $250 11 N/A 8

4895 BLOOMFIELD $265 9 $250 5


4868 BAYVIEW HEIGHTS $280 9 $220 10

4870 AEROGLEN $265 50 $270 49

4878 BARRON $260 35 $230 14

4879 BUCHAN POINT $280 12 $300 11


4877 CRAIGLIE $300 18 $280 20





QMM DATA OTM p37-38

0

20

40

60

80

100

120

140

160

BRIS

BAN

E SD

Bris

bane

Ipsw

ich

Loga

n

Mor

eton

Bay

Redl

and

Gol

d Co

ast

Suns

hine

Coa

st S

D

Cair

ns

Fras

er C

oast

Bund

aber

g

Gla

dsto

ne

Mac

kay

Rock

ham

pton

Toow

oom

ba

Tow

nsvi

lle

Average Days On Market - UNITS

2014* 2015*

*12mths to the end of FebruarySource: REIQ, data supplied by CoreLogic RP Data

-16.0%

-14.0%

-12.0%

-10.0%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

Average Vendor Discounting - HOUSES

2014* 2015*

0

20

40

60

80

100

120

140

BRIS

BAN

E SD

Bris

bane

Ipsw

ich

Loga

n

Mor

eton

Bay

Redl

and

Gol

d Co

ast

Suns

hine

Coa

st S

D

Fras

er C

oast

Cair

ns

Bund

aber

g

Gla

dsto

ne

Mac

kay

Rock

ham

pton

Toow

oom

ba

Tow

nsvi

lle

Average Days On Market - HOUSES

2014* 2015*


-12.0%

-10.0%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

Average Vendor Discounting - UNITS

2014* 2015*


HOUSES CHANGE OVER YEAR

LGA TOTAL LISTINGS % STOCK ON MARKET DAYS ON MARKET* VENDOR DISCOUNT* TOTAL

LISTINGS% STOCK ON

MARKETDAYS ON MARKET*

VENDOR DISCOUNT*

12MTHS ENDING FEB 2015* 2014* 2015* 2014* 2015* 2014* 2015* 2014*

BRISBANE SD 45,061 40,547 7.1% 6.6% 66 74 -5.7% -6.0% 11% 0.6% -8 0.3%

BRISBANE 20,505 18,559 6.7% 6.1% 57 65 -5.6% -5.7% 10% 0.6% -8 0.1%

IPSWICH 4,512 3,901 7.4% 6.5% 82 90 -6.6% -7.1% 16% 0.9% -8 0.5%

LOGAN 6,486 5,753 7.4% 6.7% 76 81 -5.7% -6.1% 13% 0.7% -6 0.4%

MORETON BAY 9,670 8,667 7.4% 7.1% 71 80 -5.3% -5.9% 12% 0.4% -9 0.5%

REDLAND 3,888 3,667 8.6% 8.1% 71 75 -5.8% -6.0% 6% 0.4% -4 0.3%

GOLD COAST 10,055 9,128 8.0% 7.7% 72 79 -6.0% -6.3% 10% 0.3% -7 0.3%

SUNSHINE COAST SD 9,150 8,527 9.3% 9.1% 87 96 -5.9% -6.3% 7% 0.2% -8 0.5%

FRASER COAST 3,683 3,393 9.9% 9.3% 109 115 -7.8% -7.6% 9% 0.6% -6 -0.2%

CAIRNS 3,282 3,221 7.3% 7.2% 65 79 -5.8% -6.3% 2% 0.1% -13 0.4%

BUNDABERG 3,045 2,801 9.0% 8.5% 99 84 -8.0% -6.8% 9% 0.6% 15 -1.2%

GLADSTONE 1,720 1,745 7.8% 8.1% 113 119 -9.9% -9.5% -1% -0.3% -6 -0.5%

MACKAY 2,849 2,813 7.4% 7.4% 103 91 -10.5% -8.0% 1% 0.0% 12 -2.6%

ROCKHAMPTON 2,392 2,594 8.4% 9.2% 97 87 -8.9% -7.5% -8% -0.7% 10 -1.4%

TOOWOOMBA 4,240 4,014 8.5% 8.2% 63 71 -4.7% -4.8% 6% 0.3% -8 0.1%

TOWNSVILLE 4,355 4,182 7.3% 7.1% 91 90 -8.0% -7.4% 4% 0.1% 1 -0.6%

All figures are preliminary, with the exception of Cairns & Rockhampton previous 12 mths figures, where preliminary figures were not available

Source: REIQ. Data Supplied by CoreLogic RP Data Suburb Scorecards



UNITS & TOWNHOUSES CHANGE OVER YEAR

LGA TOTAL LISTINGS % STOCK ON MARKET DAYS ON MARKET* VENDOR

DISCOUNT*TOTAL

LISTINGS% STOCK

ON MARKETDAYS ON MARKET*

VENDOR DISCOUNT*

12MTHS ENDING FEB 2015* 2014* 2015* 2014* 2015* 2014* 2015* 2014*

BRISBANE SD 13,783 11,946 7.6% 6.9% 73 85 -5.1% -5.5% 15% 0.7% -12 0.4%

BRISBANE 9,110 7,807 6.8% 6.1% 63 77 -4.7% -5.2% 17% 0.7% -14 0.5%

IPSWICH 471 419 10.6% 10.1% 112 136 -7.3% -7.3% 12% 0.6% -24 0.1%

LOGAN 1,491 1,379 10.7% 10.2% 97 103 -6.1% -7.1% 8% 0.4% -6 1.0%

MORETON BAY 2,039 1,739 9.4% 8.6% 100 110 -5.8% -6.2% 17% 0.8% -10 0.4%

REDLAND 672 602 9.8% 9.2% 89 98 -5.3% -5.2% 12% 0.6% -9 -0.1%

GOLD COAST 11,438 10,207 9.6% 8.7% 91 101 -6.5% -7.5% 12% 0.8% -10 1.0%

SUNSHINE COAST SD 4,961 4,591 10.1% 9.3% 105 111 -6.5% -6.9% 8% 0.8% -6 0.4%

CAIRNS 1,908 1,953 8.7% 8.9% 86 102 -7.3% -7.9% -2% -0.2% -16 0.7%

FRASER COAST 618 469 13.3% 10.3% 104 140 -5.9% -7.9% 32% 3.0% -36 2.0%

BUNDABERG 413 380 11.3% 10.9% 152 109 -8.5% -6.1% 9% 0.4% 43 -2.4%

GLADSTONE 250 317 6.7% 10.1% 125 134 -13.6% -10.4% -21% -3.4% -9 -3.3%

MACKAY 497 482 7.9% 8.5% 146 117 -13.7% -9.3% 3% -0.5% 29 -4.4%

ROCKHAMPTON 184 184 8.2% 8.2% 111 104 -8.0% -5.6% 0% -0.0% 7 -2.4%

TOOWOOMBA 573 574 8.2% 9.1% 69 75 -4.4% -4.4% -0% -0.9% -6 -0.0%

TOWNSVILLE 1,299 1,235 10.7% 10.5% 123 124 -9.4% -9.7% 5% 0.2% -2 0.4%

QMM DATA OTM p37-38

0

20

40

60

80

100

120

140

160

BRIS

BAN

E SD

Bris

bane

Ipsw

ich

Loga

n

Mor

eton

Bay

Redl

and

Gol

d Co

ast

Suns

hine

Coa

st S

D

Cair

ns

Fras

er C

oast

Bund

aber

g

Gla

dsto

ne

Mac

kay

Rock

ham

pton

Toow

oom

ba

Tow

nsvi

lle

Average Days On Market - UNITS

2014* 2015*


-16.0%

-14.0%

-12.0%

-10.0%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

Average Vendor Discounting - HOUSES

2014* 2015*

0

20

40

60

80

100

120

140

BRIS

BAN

E SD

Bris

bane

Ipsw

ich

Loga

n

Mor

eton

Bay

Redl

and

Gol

d Co

ast

Suns

hine

Coa

st S

D

Fras

er C

oast

Cair

ns

Bund

aber

g

Gla

dsto

ne

Mac

kay

Rock

ham

pton

Toow

oom

ba

Tow

nsvi

lle

Average Days On Market - HOUSES

2014* 2015*


-12.0%

-10.0%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

Average Vendor Discounting - UNITS

2014* 2015*

All figures are preliminary, with the exception of Cairns & Rockhampton previous 12 mths figures, where preliminary figures were not available

Source: REIQ. Data Supplied by CoreLogic RP Data Suburb Scorecards


RENTAL MARKET INDICATORS

RENTAL MARKET INDICATORSRESIDENTIAL VACANCY RATES

AS AT END OF: MAR-15 DEC-14 TREND STATUS

GREATER BRISBANE

BRISBANE SD 2.2% 2.3% STEADY TIGHT

BRISBANE CITY 2.5% 2.9% DOWN TIGHT

BRISBANE INNER 3.1% 3.8% DOWN* HEALTHY

BRISBANE BALANCE 2.2% 2.4% STEADY TIGHT

BRISBANE SURROUNDS 1.9% 1.6% STEADY TIGHT

IPSWICH CITY 2.4% 2.5% STEADY TIGHT

LOGAN CITY 2.1% 2.0% STEADY TIGHT

MORETON BAY 1.3% 1.2% STEADY TIGHT

CABOOLTURE 1.5% 1.2% UP TIGHT

PINE RIVERS 1.0% 1.0% STEADY TIGHT

REDCLIFFE 1.6% 1.8% STEADY TIGHT

REDLAND CITY 2.4% 0.8% UP* TIGHT

MAINLAND 2.4% 0.9% UP* TIGHT

BAY ISLANDS N/A 0.4% N/A N/A

TOURISM CENTRES

GOLD COAST CITY 1.3% 2.2% DOWN TIGHT

SUNSHINE COAST REGION 1.7% 1.1% UP* TIGHT

SUNSHINE COAST 1.9% 1.1% UP* TIGHT

CALOUNDRA COAST 1.0% 0.6% UP TIGHT

MAROOCHY COAST 1.9% 0.7% UP* TIGHT

HINTERLAND 2.6% 1.9% UP* HEALTHY

NOOSA 1.0% 1.1% STEADY TIGHT

FRASER COAST 2.3% 1.9% UP TIGHT

HERVEY BAY 2.1% 1.6% UP* TIGHT

MARYBOROUGH N/A 2.3% N/A N/A

CAIRNS 2.4% 2.2% STEADY TIGHT

REGIONAL QLD

BUNDABERG 4.1% 4.4% STEADY WEAK

GLADSTONE 3.8% 4.2% DOWN WEAK

MACKAY# 9.4% 9.8% DOWN WEAK

ROCKHAMPTON 4.4% 5.2% DOWN * WEAK

TOOWOOMBA 3.2% 2.3% UP* HEALTHY

TOWNSVILLE 5.9% 4.7% UP* WEAK

OTHER REGIONAL AREAS

BURDEKIN 5.1% N/A N/A WEAK

GYMPIE 2.6% 1.9% UP* HEALTHY

ISAAC 17.4% N/A N/A WEAK

MOUNT ISA 8.6% 9.9% DOWN* WEAK

SCENIC RIM 6.3% N/A N/A WEAK

WHITSUNDAY 13.5% 8.9% UP* WEAK

GROSS YIELDS HOUSES UNITS

QUARTER: MAR-15 MAR-14 MAR-15 MAR-14

GREATER BRISBANE

BRISBANE CITY 3.9% 3.9% 5.0% 5.0%

IPSWICH CITY 4.9% 5.2% 5.2% 5.6%

LOGAN CITY 5.2% 4.9% 6.2% 5.9%

MORETON BAY 4.6% 4.5% 4.8% 4.7%

REDLAND CITY 4.3% 4.3% 4.3% 5.2%

TOURISM CENTRES

GOLD COAST CITY 4.3% 4.5% 5.4% 5.3%

SUNSHINE COAST 4.5% 4.5% 5.1% 4.6%

NOOSA 4.0% N/A 4.9% N/A

CAIRNS 5.1% 4.9% 5.2% 4.3%

FRASER COAST 4.8% 4.9% 6.9% 6.9%

REGIONAL/RESOURCE AREAS

BUNDABERG 5.1% 5.5% 5.2% 5.3%

GLADSTONE 4.1% 4.4% 4.5% N/A

MACKAY 4.3% 4.8% 4.8% 4.8%

ROCKHAMPTON 5.2% 4.9% 3.9% 3.3%

TOOWOOMBA 4.6% 4.8% 4.5% 4.7%

TOWNSVILLE CITY 4.9% 5.0% 5.2% 5.6%

OTHER REGIONAL AREAS

BURDEKIN 5.6% 6.3% N/A N/A

CASSOWARY COAST 6.0% 6.3% N/A N/A

CENTRAL HIGHLANDS 6.2% 5.0% N/A N/A

CHARTERS TOWERS 7.3% 6.7% N/A N/A

DOUGLAS 4.0% N/A 6.1% N/A

GOONDIWINDI 6.6% 5.4% N/A N/A

GYMPIE 4.9% 5.4% N/A N/A

ISAAC 6.0% N/A N/A N/A

LIVINGSTONE 4.1% N/A 6.5% N/A

LOCKYER VALLEY 6.0% 6.4% N/A N/A

MARANOA N/A 6.5% N/A N/A

MAREEBA 5.7% N/A N/A N/A

MOUNT ISA 6.4% 7.1% N/A N/A

SCENIC RIM 4.1% 4.7% N/A N/A

SOMERSET 6.2% 5.5% N/A N/A

SOUTH BURNETT 7.2% 5.6% N/A N/A

SOUTHERN DOWNS 5.8% 5.1% N/A N/A

TABLELANDS 5.2% 4.9% N/A N/A

WESTERN DOWNS 4.7% 6.4% N/A N/A

WHITSUNDAY 3.9% 4.7% 4.6% 5.3%

The Real Estate Institute of Queensland Ltd. Copyright 2014 21 Turbo Drive, Coorparoo, PO Box 1555, Coorparoo DC Q 4151

Ph: (07) 3249 7347 Fax: (07) 3249 6211 Email: [email protected]

Queensland Market Monitor is published byThe Real Estate Institute of Queensland (REIQ).

ABN 49 009 661 287

Sales data obtained from Core Logic RP Data (www.corelogic.com.au) and median weekly rental data from the Residential Tenancies Authority (www.rta.qld.gov.au). Enquiries about the reproduction of part or all of the information should be directed to the Corporate Affairs Division, REIQ.

© The State of Queensland (Department of Environment and Resource Management) 2015. Based on data provided with the permission of the Department of Natural Resources and Mines: [QVAS 2015]. The Department of Environment and Resource Management makes no representations or warranties about accuracy, reliability, completeness or suitability of the data for any particular purpose and disclaims all responsibility and all liability (including without limitation, liability in negligence) for all expenses, losses and damages (including indirect or consequential damage) and costs which might be incurred as a result of the data being inaccurate or incomplete in any way and for any reason.

Disclaimer: The information contained in this publication, while based on information believed reliable, is not guaranteed. Nor is any of it tendered by way of investment advice; instead, it is intended only to inform and illustrate. No reader should act on the basis of any matter contained in this publication without considering and if necessary taking appropriate professional advice with regards to their own particular circumstances. The publisher and editor give no representations and make no warranties, express or implied, with respect to the accuracy or completeness of any of the material (including statistics, advertisements and advertising features) contained in this publication. The publisher and editor expressly disclaim any and all liability to the reader, whether a purchaser of this publication or not, in respect of anything and the consequences of anything done or omitted to be done by any such person in reliance, whether whole or partial, upon the whole or any part of the contents of this publication. The publisher, editor or contributors will enter into no correspondence in relation to this publication. The mention of the company, organisation, person, investment strategy or technique does not imply endorsement by the publisher. The publisher has not vetted advertisers and their products/services. The inclusion of advertisements or special advertising features in this publication does not imply endorsement of the advertiser/s or their products/services by the publisher. Articles are published in reliance upon the representations and warranties of the authors of the articles and without knowledge of any infringement of any third party’s copyright. Copyright: This publication is protected under the Commonwealth Copyrights Act 1968 and may not, in whole or part, be lent, copied, photocopied, reproduced, translated or reduced to any electronic medium or machine-readable format without the express permission of the publisher. For permissions or reprints, contact the Corporate Affairs Division on phone 07 3249 7347

Data report date: 13 May 2015 Published date: 9 June 2015

Vacancy Trend: Steady = +/- 0 to 0.2%pts Up = +0.3% pts or more Down = -0.3% pts or more * change greater than 0.5 pts

Figures are as at the end of the reporting month. #Mackay Dec-14 adjusted (reporting error)

Market Status: TIght <2.5% Healthy 2.5-3.5% Weak >3.5%

Source: REIQ Residential Rental Survey

QUEENSLAND MARKET MONITOR is a quarterly, electronic publication entirely focused on residential sales and rental research data for regions throughout the State, on a suburb-by-suburb basis. It meets the high standards for accurate data and reliable analysis that you have come to expect from the REIQ.

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Each edition includes:

• Median sale prices for houses, units/townhouses and land;

• Median weekly rents for houses and units/townhouses;

• On the market indicators;

• Rental market indicators;

• Useful charts and graphs; and

• Analytical market commentary.

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