REIQ REAL ESTATE INSTITUTE QUEENSLAND

Transcription

1 your state-wide property research guide - suburb by suburb ISSUE 11 REIQ REAL ESTATE INSTITUTE QUEENSLAND Across Queensland, the preliminary number of unit and townhouses sales JUNE QUARTER 2011 STATE-WIDE SUMMARY rebounded robustly over the quarter with median prices also holding firm. Over the June quarter, Queensland s residential property market regained some of the ground it lost following the natural disasters earlier this year. HOUSE AND UNIT MARKETS Preliminary sales numbers in many areas across the State were on the road to recovery, however, property price growth remains relatively subdued. While the preliminary number of house sales in Brisbane over the June quarter was up seven per cent compared to the March quarter, the standout for increased house sales in South East Queensland was the Logan region, which recorded a 22 per cent increase over the period. Gladstone is again the top performer for price growth across the state with its median house price increasing 6.1 per cent to $440,250 over the quarter. The region has recorded an impressive median house price increase of 10.8 per cent over the year ending June Proud to be REIQ accredited The multibillion-dollar investment in Queensland s resources industry in the Central Queensland region is again behind Gladstone s strong performance but its market strength is now starting to radiate out to its neighbours of Mackay and Rockhampton. MEDIAN SALE PRICE MOVEMENTS LGA HOUSES UNITS SOUTHEAST QUEENSLAND BRISBANE (SD) -1.1% 0.5% BRISBANE CITY -1.0% 0.0% IPSWICH CITY -4.7% ~ N/A LOGAN CITY -0.6% 5.8% * MORETON BAY 0.0% -0.5% REDLAND CITY -0.9% -5.7% f GOLD COAST CITY -6.1% ~ f 1.4% SUNSHINE COAST -0.1% 1.4% MAJOR REGIONAL AREAS BUNDABERG 0.0% 15.4% * f CAIRNS -5.6% ~ -2.4% * f FRASER COAST -5.1% ~ 2.5% GLADSTONE 6.1% MACKAY 4.4% 6.6% ROCKHAMPTON 27.7% * f t -3.9% -10.0% * f TOOWOOMBA 1.5% -4.8% ~ TOWNSVILLE CITY 3.0% -2.2% See page 40 for REIQ explanatory notes Mackay s median house price increased 4.4 per cent to $413,500 over the quarter, while the number of preliminary house sales in Rockhampton was up 23 per cent compared to the previous quarter. Across the state, however, buyers continue to be mostly hesitant given the steady stream of poor economic indicators being released both here and overseas.

2 2 state-wide summary table of contents Queensland-wide market update 3 Regional market updates: Brisbane City 4 Brisbane surrounds 9 Gold Coast City 13 Toowoomba Regional 17 Sunshine Coast Regional 19 Fraser Coast Regional 23 Bundaberg Regional 24 Gladstone Regional 25 Rockhampton Regional 27 Mackay Regional 29 Townsville City 30 Cairns Regional 32 Other Regional Areas 35 Rental Market Indicators: Residential rental yields 39 Residential vacancy rates 39 REIQ explanatory notes 40 REIQ research methodology 41 The high Australian dollar also continues to impact Queensland s premier tourist destinations with sales numbers down nine per cent and 10 per cent on the Gold Coast and Cairns respectively over the quarter. Sales on the Sunshine Coast, however, were up slightly over the same period. The median house price in Brisbane decreased 1 per cent to $510,000 over the June quarter but recorded a no change over the year ending June. Across Queensland, the preliminary number of unit and townhouses sales rebounded robustly over the quarter with median prices also holding firm. Compared to the March quarter, unit and townhouse sales were up about eight per cent courtesy of increased first home buyer and investor demand particularly. The affordability of units and townhouses, especially in times of economic uncertainty, is also helping to drive this segment of the market. First home buyers and investors are also making a return after being fairly absent from the market for more than a year. Their increased activity was evident in the improved number of sales in the $350,000 to $500,000 price bracket, especially in the southeast. Over the June quarter, REIQ figures show the preliminary number of sales across Queensland in the sub-$250,000 price range increased 13 per cent, while the number of sales in the $350,000 to $500,000 price bracket increased 5 per cent over the same period. Brisbane s median unit price was steady at $395,000 over the June quarter and the preliminary number of sales was up 15 per cent. The Gold and Sunshine coasts unit market also fared better than its housing market over the period. The median unit price was up 1.4 per cent to $360,000 on the Gold Coast, and was also up 1.4 per cent to $355,000 on the Sunshine Coast. The number of preliminary sales was also up 12 per cent on the Gold Coast. QUEENSLAND - PRICEPOINTS QUEENSLAND HOUSE SALES $250,000+ $350,000+ $500,000+ $1m Source: REIQ, data provided by PriceFinder

3 3 state-wide summary QUEENSLAND UNIT SALES <$250,000 $250,000+ $350,000+ $500,000+ $1m QUEENSLAND LAND SALES <$250,000 $250,000+ $350,000+ $500,000+ $1m Source: REIQ, data provided by PriceFinder Source: REIQ, data provided by PriceFinder VACANT LAND MARKET Similar to the rest of the Queensland residential property market, the vacant land market rebounded over the June quarter, following a flat March quarter due to the extreme weather conditions. Coupled with seasonal factors, such as school holidays, many vacant land transactions were put on hold until during the June quarter. The June quarter historically has recorded an increase in sales activity in the land market as developers ramp up their marketing campaigns in a push to turnover existing stock before the end of the financial year. In regional areas, development is quickly under way to house the influx of residents coming to the area to work in the booming resources industry. This too has contributed to the increased land sales activity in areas such as Gladstone, Rockhampton and Mackay. Mixed results in median sales prices were recorded in South East Queensland with varying levels of waterfront lots selling in Moreton Bay and on the Gold and Sunshine Coasts. Moreton Bay however continues to record the highest number of sales over the quarter, with numbers holding steady. Ipswich and Logan recorded impressive increases in sales activity, thanks to some new subdivisions. Ipswich sales nearly doubled, while Logan s June quarter preliminary numbers had tripled sales recorded during the March quarter. RENTAL MARKET After the temporary surge in demand for rental properties following the natural disasters at the start of this year, Queensland s rental market has returned to a more even keel. The REIQ residential rental survey conducted at the end of June found vacancy rates across most of the state returning to more normal levels following the extreme weather conditions and peak demand of earlier this year. The Residential Tenancies Authority s (RTA) latest median rents for the June quarter also show total residential bond lodgements easing, as well as rents stabilising, for most major regions across the state. However, a number of regional areas, especially Central Queensland, continue to experience extremely tight rental conditions as the influx of residents who have obtained work in the resources sector places increasing pressure on the supply of rental properties. MEDIAN PRICES - JUNE QUARTER 2011 LGA HOUSES UNITS LAND SOUTHEAST QUEENSLAND BRISBANE (SD) $435,000 $375,000 $202,000 BRISBANE CITY (LGA) $510,000 $395,000 $275,000 IPSWICH CITY (LGA) $310,000 $244,000 $179,200 LOGAN CITY (LGA) $350,000 $275,000 $209,000 MORETON BAY (LGA) $380,000 $315,000 $199,950 REDLAND CITY (LGA) $435,375 $330,000 $59,500 GOLD COAST CITY (LGA) $460,000 $360,000 $240,000 SUNSHINE COAST (LGA) $450,000 $355,000 $243,500 MEDIAN PRICES - JUNE QUARTER 2011 LGA HOUSES UNITS LAND MAJOR REGIONAL AREAS BUNDABERG (LGA) $280,000 $272,000 $139,000 CAIRNS (LGA) $346,500 $225,000 $168,500 FRASER COAST (LGA) $280,000 $266,500 $165,250 GLADSTONE (LGA) $440,250 $443,750 $215,000 MACKAY (LGA) $413,500 $309,000 $175,000 ROCKHAMPTON (LGA) $312,250 $270,000 $150,000 TOOWOOMBA (LGA) $296,500 $238,000 $116,000 TOWNSVILLE CITY (LGA) $380,000 $306,500 $163,000

4 4 BRISBANE CITY HOUSE AND UNIT MARKETS Brisbane s residential property market regained some ground and much-needed confidence over the June quarter. Brisbane s median house price decreased 1 per cent to $510,000 over the quarter and was flat over the year. The number of preliminary house sales in Brisbane increased seven per cent. However, sales numbers in Brisbane are still down more than 20 per cent on the same period last year which highlights that the economic situation across the board in mid-2011 is much changed from last year. Over the June quarter, a number of Brisbane suburbs recorded solid median house price growth as well as healthy sales numbers. Brighton, about 20km north of the CBD, recorded 9.1 per cent price growth to $405,000 over the period. This bayside suburb has attracted many buyers often younger families - looking for a lifestyle incorporating the outdoors and the water over recent years. RENTAL MARKET The median rent for a two-bedroom unit in Brisbane increased $20 to $380 per week between June 2011 and June last year. The median rent for a three-bedroom house increased $10 to $390 per week, and the median rent for a three-bedroom townhouse increased $20 to $400 per week, over the same period. In Brisbane, vacancy rates across the local government area eased to 2.1 per cent at the end of June, from 1.8 per cent in March, however this easing in rental demand occurred in the middle to outer-ring suburbs alone. Agents in the inner Brisbane suburbs report units are letting much more quickly, with young professionals in particular willing to pay higher rents for inner city living and modern accommodation. Executive lettings also continue to be in high demand from displaced residents following the floods. Flood-affected properties are coming back onto the market with a number achieving higher asking rents, due to the improvements carried out on the property. Another solid performer was Camp Hill, which recorded a 9.8 per cent median house price increase to $630,000. Home to a diverse range of housing, Camp Hill is 8km from the CBD and offers everything from traditional older style houses and newer apartment blocks through to unique architecturally designed modern homes overlooking the city skyline to Mt Coot-tha. BRISBANE CITY HOUSE SALES <$350,000 $350,000+ $500,000+ $1m The Brisbane unit and townhouse price remained steady at $395,000 over the quarter. The number of unit sales increased 15 per cent over the period There was more activity from first home buyers and investors over the quarter with the affordability of units and townhouses also helping to underpin this segment of the market, especially during periods of economic uncertainty. However, while there has been a rebound in preliminary unit sales, a large number of Brisbane suburbs did not record a quarterly price change this quarter, partly due to the low number of sales that occurred in March. BRISBANE CITY UNIT SALES <$250,000 $250,000+ $350,000+ $500,000+ $1m VACANT LAND MARKET The median price of urban land in Brisbane remained steady at $275,000 over the quarter. Only 93 preliminary land sales were recorded over the period. There were 10 preliminary acreage land sales over the period. The most number of sales on land less than 2,400sqm was recorded in Wakerley which secured nine sales and posted a median land price of $365,000 over the quarter. Fitzgibbon also recorded nine sales however this was impacted by government acquisitions over the period given it is a defined urban land development area. Its median land price is $184,950. BRISBANE CITY LAND SALES <$250,000 $250,000+ $350,000+ $500,

5 5 BRISBANE CITY HOUSES BRISBANE (SD) 3,634 $435, % $449, % 38.2% BRISBANE (SD) ^ 255 $550, % $572, % 27.4% BRISBANE CITY (LGA) 1,943 $510, % $530, % 42.3% BRISBANE CITY (LGA) ^ ~ 40 $912, % $1,015, % 35.3% ACACIA RIDGE 16 $323, % $320, % 34.2% ALDERLEY ~ 15 $715, % $685, % 71.3% ALGESTER 19 $397, % $405, % 30.6% ANNERLEY 16 $533, % $573, % 45.6% ASCOT 7 N/A N/A $1,080, % 20.0% ASHGROVE 27 $640, % $685, % 49.2% ASPLEY 31 $440, % $462, % 35.8% AUCHENFLOWER 4 N/A N/A $807, % 55.2% BALD HILLS ~ 19 $340, % $390, % 41.8% BALMORAL 8 N/A N/A $757, % 44.3% BANYO 19 $400, % $410, % 41.7% BARDON ~ 17 $710, % $715, % 43.0% BELLBOWRIE 8 N/A N/A $475, % 35.7% BELMONT 10 $555,000 N/A $575, % 51.3% BOONDALL 14 $410,000 N/A $415, % 33.0% BRACKEN RIDGE 35 $385, % $401, % 29.8% BRIDGEMAN DOWNS ~ 11 $760, % $695, % 30.9% BRIGHTON 27 $405, % $397, % 36.3% BULIMBA 10 $837,500 N/A $945, % 33.9% CALAMVALE ~ 37 $520, % $504, % 36.4% CAMP HILL 34 $630, % $637, % 52.6% CANNON HILL 6 N/A N/A $560, % 51.8% CARINA ~ 23 $460, % $505, % 44.3% CARINA HEIGHTS 12 $484,000 N/A $484, % 27.3% CARINDALE 20 $695, % $696, % 33.9% CARSELDINE ~ 19 $525, % $507, % 36.5% CHAPEL HILL ~ 19 $683, % $653, % 38.9% CHELMER 3 N/A N/A $949, % 53.8% CHERMSIDE 7 N/A N/A $446, % 31.2% CHERMSIDE WEST 10 $428, % $460, % 40.8% CLAYFIELD ~ 11 $755, % $875, % 34.6% COOPERS PLAINS 11 $446,000 N/A $451, % 54.7% COORPAROO 25 $640, % $662, % 45.9% CORINDA 14 $657,500 N/A $595, % 45.2% DARRA 7 N/A N/A $355, % 46.4% DEAGON ~ 10 $341, % $390, % 50.0% DOOLANDELLA * 16 $422, % $429, % 65.2% DREWVALE 7 N/A N/A $500, % 40.8% DURACK 10 $315,750 N/A $367, % 47.0% EAST BRISBANE 8 N/A N/A $633, % 45.6% EIGHT MILE PLAINS 24 $601, % $583, % 38.3% ENOGGERA 13 $514, % $560, % 47.8% EVERTON PARK ~ 13 $445, % $500, % 53.7% FAIRFIELD 2 N/A N/A $626, % 52.7% FERNY GROVE ~ 13 $528, % $487, % 37.3% HOUSES continued FIG TREE POCKET 8 N/A N/A $830, % 72.9% FITZGIBBON 7 N/A N/A $410, % 39.0% FOREST LAKE 63 $370, % $389, % 34.2% GEEBUNG 7 N/A N/A $428, % 45.2% GORDON PARK 9 N/A N/A $590, % 23.2% GRACEVILLE 11 $770,000 N/A $688, % 53.1% GRANGE ~ 11 $590, % $651, % 44.8% GREENSLOPES ~ 10 $516, % $561, % 36.2% HAMILTON 7 N/A N/A $1,065, % 24.2% HAWTHORNE 8 N/A N/A $750, % 19.9% HEMMANT 7 N/A N/A $412, % 33.1% HENDRA 11 $750,000 N/A $852, % 71.4% HIGHGATE HILL 9 N/A N/A $775, % 36.0% HOLLAND PARK 19 $528, % $520, % 36.9% HOLLAND PARK WEST ~ 14 $512, % $568, % 54.9% INALA 31 $285, % $295, % 55.3% INDOOROOPILLY ~ 14 $690, % $696, % 28.9% JAMBOREE HEIGHTS 5 N/A N/A $412, % 30.8% JINDALEE 9 N/A N/A $488, % 44.6% KARANA DOWNS ^ 4 N/A N/A $476, % 28.8% KEDRON 18 $515, % $546, % 54.1% KELVIN GROVE 8 N/A N/A $650, % 44.4% KENMORE 14 $550, % $535, % 33.9% KEPERRA 15 $440, % $443, % 50.2% KURABY 12 $548,000 N/A $539, % 34.6% LOTA 7 N/A N/A $462, % 32.0% MACGREGOR 14 $548,000 N/A $539, % 41.8% MANLY 8 N/A N/A $576, % 27.6% MANLY WEST 22 $471, % $490, % 36.1% MANSFIELD 13 $460, % $510, % 47.4% MCDOWALL 10 $525, % $580, % 41.1% MIDDLE PARK 14 $518,000 N/A $534, % 41.4% MITCHELTON 26 $507, % $522, % 55.5% MOGGILL 13 $465,000 N/A $478, % 31.1% MOOROOKA 16 $485, % $491, % 46.6% MORNINGSIDE 23 $560, % $585, % 42.7% MOUNT GRAVATT 9 N/A N/A $477, % 46.9% MOUNT GRAVATT EAST 23 $437, % $469, % 38.1% MURARRIE 7 N/A N/A $478, % 41.6% NEW FARM ~ 8 N/A N/A $1,100, % 42.6% NEWMARKET 8 N/A N/A $715, % 66.3% NORMAN PARK 15 $665,000 N/A $698, % 48.1% NORTHGATE 8 N/A N/A $471, % 41.0% NUDGEE 5 N/A N/A $502, % 73.3% NUNDAH 9 N/A N/A $572, % 50.7% OXLEY 10 $433,000 N/A $435, % 38.1% PADDINGTON ~ 16 $1,090, % $793, % 49.7% PARKINSON 24 $482, % $510, % 36.0% PULLENVALE ^ 4 N/A N/A $1,080, % 36.3%

6 6 BRISBANE CITY HOUSES continued RED HILL 12 $687,500 N/A $656, % 35.0% RIVERHILLS 7 N/A N/A $438, % 40.4% ROBERTSON 4 N/A N/A $655, % 24.2% RUNCORN 22 $427, % $425, % 41.7% SALISBURY 14 $410, % $447, % 40.7% SANDGATE 11 $526,500 N/A $538, % 49.9% SEVEN HILLS 4 N/A N/A $610, % 42.6% SEVENTEEN MILE ROCKS ~ 6 N/A N/A $620, % 36.3% SHERWOOD 13 $710,000 N/A $760, % 54.3% SHORNCLIFFE 2 N/A N/A $720,000 N/A 82.3% SINNAMON PARK ~ 13 $505, % $585, % 42.0% ST LUCIA ~ 10 $1,190,000 N/A $1,090, % 67.7% STAFFORD ~ 16 $421, % $470, % 49.2% STAFFORD HEIGHTS 21 $440, % $460, % 41.5% STRETTON 8 N/A N/A $597, % 26.5% SUNNYBANK 16 $516, % $525, % 41.9% SUNNYBANK HILLS 37 $490, % $485, % 41.3% TAIGUM 6 N/A N/A $437, % 30.6% TARINGA 14 $663,500 N/A $665, % 14.3% TARRAGINDI 24 $591, % $581, % 50.3% THE GAP 37 $586, % $550, % 41.0% TINGALPA ~ 16 $465, % $430, % 41.0% TOOWONG 8 N/A N/A $685, % 45.7% UPPER KEDRON 6 N/A N/A $545, % 33.4% UPPER MOUNT GRAVATT 19 $485, % $465, % 46.0% VIRGINIA 8 N/A N/A $457, % 50.0% WAKERLEY 20 $630, % $618, % 41.3% WAVELL HEIGHTS 28 $551, % $550, % 53.6% WEST END 6 N/A N/A $725, % 40.8% WESTLAKE 8 N/A N/A $600, % 34.8% WILSTON 8 N/A N/A $835, % 46.7% WINDSOR 10 $640, % $662, % 49.7% WISHART ~ 24 $560, % $525, % 40.4% WOOLLOONGABBA 4 N/A N/A $700, % 66.7% WOOLOOWIN 12 $720,500 N/A $749, % 60.1% WYNNUM ~ 35 $526, % $520, % 37.2% WYNNUM WEST ~ 29 $400, % $429, % 34.5% YERONGA 3 N/A N/A $671, % 34.3% ZILLMERE 21 $373, % $380, % 40.7% UNITS & TOWNHOUSES continued AUCHENFLOWER 10 $407,500 N/A $430, % 26.5% BOWEN HILLS 11 $415,000 N/A $415, % 19.3% BRACKEN RIDGE 0 N/A N/A $358, % N/A BRISBANE CITY * 53 $448, % $475, % 15.3% BULIMBA * 16 $476,550 N/A $536, % 33.6% CALAMVALE * 11 $375, % $365, % 66.3% CARINA * 20 $419, % $430, % 23.2% CARINA HEIGHTS * ~ 11 $372,500 N/A $393, % 21.0% CARINDALE 7 N/A N/A $514, % N/A CAROLE PARK * 0 N/A N/A $330,000 N/A N/A CARSELDINE * 7 N/A N/A $389, % 62.1% CHERMSIDE 26 $434, % $434, % 44.2% CLAYFIELD 21 $340, % $343, % 33.5% COORPAROO 26 $360, % $372, % 47.5% CORINDA 4 N/A N/A $430, % 50.3% EAST BRISBANE 5 N/A N/A $455, % 61.8% EIGHT MILE PLAINS * 17 $409,000 N/A $385, % 51.0% EVERTON PARK ~ * 10 $417,500 N/A $412, % 65.1% FORTITUDE VALLEY 30 $365, % $385, % 20.3% GAYTHORNE * 5 N/A N/A $346, % 41.2% GORDON PARK * 6 N/A N/A $380, % 52.6% GREENSLOPES 18 $345, % $355, % 32.5% HAMILTON * f 14 $446,250 N/A $450, % 34.3% HAWTHORNE 6 N/A N/A $425, % 29.7% HIGHGATE HILL 6 N/A N/A $444, % 28.9% HOLLAND PARK WEST ~ * 5 N/A N/A $385,000 N/A 45.3% INDOOROOPILLY ~ * 24 $407, % $432, % 28.7% KANGAROO POINT ~ f 30 $445, % $500, % 37.0% KEDRON 8 N/A N/A $336, % 35.6% KELVIN GROVE 9 N/A N/A $430, % 50.0% LUTWYCHE 1 N/A N/A $369, % 43.6% MANLY WEST * 2 N/A N/A $389,000 N/A 52.5% MOOROOKA * 12 $375, % $387, % 60.2% MORNINGSIDE * 20 $407, % $427, % 29.5% MOUNT GRAVATT EAST 8 N/A N/A $383, % 30.4% NEW FARM 25 $508, % $525, % 34.6% NEWSTEAD f * 12 $835,000 N/A $605, % 50.9% NORMAN PARK 5 N/A N/A $479, % 43.0% NORTHGATE * 9 N/A N/A $355, % 46.7% NUNDAH ~ * 24 $362, % $378, % 46.6% UNITS & TOWNHOUSES BRISBANE (SD) 1,410 $375, % $376, % 33.3% BRISBANE CITY (LGA) 1,062 $395, % $405, % 31.5% ALDERLEY ~ * 8 N/A N/A $400, % 47.9% ALGESTER 2 N/A N/A $336, % 16.8% ANNERLEY * 19 $385, % $395, % 67.2% ASCOT 17 $406, % $407, % 42.9% ASHGROVE 8 N/A N/A $395, % 9.7% ASPLEY 5 N/A N/A $365, % 39.8% PADDINGTON 14 $418,500 N/A $422, % 31.0% RED HILL ~ 8 N/A N/A $420, % 35.6% RICHLANDS 1 N/A N/A $350, % 32.1% RUNCORN 16 $320, % $325, % 41.3% SHERWOOD * 7 N/A N/A $400, % 18.0% SOUTH BRISBANE ~ 24 $422, % $446, % 16.8% SPRING HILL 22 $385, % $393, % 33.2% ST LUCIA ~ * 24 $525, % $445, % 36.4% STAFFORD * 12 $413,500 N/A $382, % N/A

7 7 BRISBANE CITY UNITS & TOWNHOUSES continued SUNNYBANK HILLS 4 N/A N/A $357, % 55.4% TAIGUM * 8 N/A N/A $340, % 16.2% TARINGA 23 $397, % $395, % 26.9% TENERIFFE ~ f 26 $550, % $550, % 38.5% THE GAP * 6 N/A N/A $460, % 59.4% TINGALPA 3 N/A N/A $337, % 43.6% TOOWONG ~ f 21 $342, % $400, % 34.1% WAKERLEY * 6 N/A N/A $425,000 N/A N/A WEST END ~ * 20 $446, % $530, % 37.7% WISHART 5 N/A N/A $360, % 20.8% WOOLLOONGABBA ~ 12 $353, % $420, % 27.0% WYNNUM 6 N/A N/A $362, % 7.2% WYNNUM WEST 8 N/A N/A $335, % 41.6% YERONGA 3 N/A N/A $415, % 38.5% ZILLMERE ~ * 10 $328, % $357, % 49.0% 3 BEDROOM HOUSES continued Rent ($) New Bonds Rent ($) New Bonds 4101 Highgate Hill/ South Brisbane/ West End $ $ Buranda/ Dutton Park/ Wooloongabba $ $ East Brisbane/ Kangaroo Point $ $ North - Inner $ $ Ascot/ Hamilton $ $ Albion $460 9 $ Clayfield/ Hendra $ $ Nundah/ Toombul/ Wavell Heights $ $ Lutwyche/ Windsor/ Wooloowin $ $ Gordon Park/ Kedron $ $ Alderley/ Enogerra/ Newmarket/ Wilston/ etc. $ $ North - Outer $ $ Northgate $ $ Banyo/ Nudgee/ Virginia $ $ Bracken Ridge/ Brighton/ Deagon/ Sandgate/ etc. $ $ Fitzgibbon/ Taigum $ $ VACANT URBAN LAND BRISBANE (SD) ~ * 448 $202, % $204, % 18.8% BRISBANE (SD) ^ ~ 56 $279, % $335, % 48.9% BRISBANE CITY (LGA) 93 $275, % $307, % 34.3% BRISBANE CITY (LGA) ^ ~ 6 N/A N/A $640, % 71.2% CALAMVALE 4 N/A N/A $320, % 48.8% DOOLANDELLA * 8 $225,000 N/A $238, % N/A DURACK 4 N/A N/A $227, % N/A FIG TREE POCKET * 0 N/A N/A $460,000 N/A 15.0% FITZGIBBON ~ * G 9 $184, % $212, % 27.1% FOREST LAKE * 1 N/A N/A $340,000 N/A 83.8% HEATHWOOD * 2 N/A N/A $254, % N/A INALA * G 6 $183,750 N/A N/A N/A N/A MOGGILL * 2 N/A N/A $262, % 45.8% UPPER KEDRON * 1 N/A N/A $298,500 N/A 32.7% WAKERLEY * 9 $365, % $351, % 46.4% 3 BEDROOM HOUSES Rent ($) New Bonds Rent ($) New Bonds BRISBANE CITY COUNCIL AREA $390 2,697 $380 2,819 Bayside $ $ Lytton/ Wynnum/ Wynnum West $ $ Lota/ Manly/ Manly West $ $ City Inner $ $ Brisbane City/ Spring Hill $ $ New Farm $ $ Bowen Hills/ Fortitude Valley/ Herston/ Newstead $460 6 $ Milton/ Paddington $ $ Auchenflower/ Toowong $ $ St Lucia $ $ Chermside/ Chermside West $ $ Aspley/ Boondall/ Carseldine/ Geebung/ Zillmere $ $ Bald Hills $ $ North West - Inner $ $ Kelvin Grove/ Red Hill $ $ Ashgrove $ $ Bardon $ $ North West - Outer $ $ Everton Park/ McDowall/ Mitchelton/ Stafford/ etc. $ $ Arana Hills/ Keperra $ $ The Gap $ $ South - Inner $ $ Annerley/ Fairfield $ $ Yeronga $ $ Moorooka/ Tennyson/ Yeerongpilly $ $ Greenslopes $ $ Holland Park/ Holland Park West/ Tarragindi $ $ Mansfield/ Mt Gravatt/ Wishart/ etc. $ $ South - Outer $ $ Rocklea $ $ Salisbury $ $ Archerfield/ Coopers Plains $ $ Macgregor/ Robertson/ Sunnybank/ etc. $ $ Acacia Ridge/ Willawong $ $ Kuraby $350 7 $ Eight Mile Plains/ Runcorn $ $ Algester/ Parkinson $ $ Calamvale/ Drewvale/ Stretton $ $ South East - Inner $ $ Coorparoo $ $ Camp Hill/ Carina/ Carina Heights/ Carindale $ $ Cannon Hill/ Morningside/ Norman Park/ etc. $ $ Balmoral/ Bulimba/ Hawthorne $ $440 48

8 8 BRISBANE CITY 3 BEDROOM HOUSES continued Rent New Rent New ($) Bonds ($) Bonds 4172 Murarrie $ $ South East - Outer $ $ Belmont $395 5 $ Gumdale/ Ransome/ Wakerley $450 8 $ Tingalpa $ $ Hemmant $ n.a. 4 South West - Inner $ $ Chelmer/ Indooroopilly/ Taringa $ $ Corinda/ Graceville/ Oxley/ Sherwood $ $ South West - Outer $ $ Brookfield/ Chapel Hill/ Fig Tree Pocket/ etc. $ $ Anstead/ Bellbowrie/ Moggill $ $ Seventeen Mile Rocks/ Sinnamon Park $ $ Jindalee/ Mt Ommaney/ Sumner/ Westlake/ etc. $ $ Darra/ Wacol $ $ Doolandella/ Durack/ Inala/ Richlands $ $ Ellen Grove/ Forest Lake $ $ BEDROOM UNITS continued Rent ($) New Bonds Rent ($) New Bonds 4060 Ashgrove $ $ Bardon $335 7 $280 5 North West - Outer $ $ Everton Park/ McDowall/ Mitchelton/ Stafford/ etc. $ $ South - Inner $ $ Annerley/ Fairfield $ $ Yeronga $ $ Moorooka/ Tennyson/ Yeerongpilly $ $ Greenslopes $ $ Holland Park/ Holland Park West/ Tarragindi $ $ Mansfield/ Mt Gravatt/ Wishart/ etc. $ $ South - Outer $ $ Macgregor/ Robertson/ Sunnybank/ etc. $ $ Algester/ Parkinson $290 7 n.a. 4 South East - Inner $ $ Coorparoo $ $ Camp Hill/ Carina/ Carina Heights/ Carindale $ $ Cannon Hill/ Morningside/ Norman Park/ etc. $ $ BEDROOM UNITS BRISBANE CITY COUNCIL AREA $380 3,779 $360 3,697 Bayside $ $ Lytton/ Wynnum/ Wynnum West $ $ Lota/ Manly/ Manly West $ $ City Inner $470 1,618 $450 1, Brisbane City/ Spring Hill $ $ New Farm $ $ Bowen Hills/ Fortitude Valley/ Herston/ Newstead $ $ Balmoral/ Bulimba/ Hawthorne $ $ South East - Outer $ $ Tingalpa $ $ South West - Inner $ $ Chelmer/ Indooroopilly/ Taringa $ $ Corinda/ Graceville/ Oxley/ Sherwood $ $ South West - Outer $ $ Doolandella/ Durack/ Inala/ Richlands $179 6 n.a Ellen Grove/ Forest Lake $325 7 $ Milton/ Paddington $ $ Auchenflower/ Toowong $ $ St Lucia $ $ Highgate Hill/ South Brisbane/ West End $ $ Buranda/ Dutton Park/ Wooloongabba $ $ East Brisbane/ Kangaroo Point $ $ North - Inner $ $ Ascot/ Hamilton $ $ Albion $ $ Clayfield/ Hendra $ $ Nundah/ Toombul/ Wavell Heights $ $ Lutwyche/ Windsor/ Wooloowin $ $ Gordon Park/ Kedron $ $ Alderley/ Enogerra/ Newmarket/ Wilston/ etc. $ $ North - Outer $ $ Northgate $ $ Bracken Ridge/ Brighton/ Deagon/ Sandgate/ etc. $ $ Fitzgibbon/ Taigum $ $ Chermside/ Chermside West $ $ Aspley/ Boondall/ Carseldine/ Geebung/ Zillmere $ $ North West - Inner $ $ Kelvin Grove/ Red Hill $ $ BEDROOM TOWNHOUSES BRISBANE CITY COUNCIL AREA $400 1,333 $380 1,232 Bayside $ $ Lytton/ Wynnum/ Wynnum West $ $ Lota/ Manly/ Manly West $ $ City Inner $ $ Milton/ Paddington $495 9 $ Auchenflower/ Toowong $ n.a St Lucia $ $ Highgate Hill/ South Brisbane/ West End $750 7 $ East Brisbane/ Kangaroo Point $550 7 n.a. 4 North - Inner $ $ Ascot/ Hamilton $540 9 $ Clayfield/ Hendra $470 6 $ Nundah/ Toombul/ Wavell Heights $ $ Lutwyche/ Windsor/ Wooloowin $ $ Gordon Park/ Kedron $ $ Alderley/ Enogerra/ Newmarket/ Wilston/ etc. $ $ North - Outer $ $ Northgate $430 9 $ Bracken Ridge/ Brighton/ Deagon/ Sandgate/ etc. $ $360 57

9 9 BRISBANE CITY 3 BEDROOM TOWNHOUSES continued Rent New Rent New ($) Bonds ($) Bonds 4018 Fitzgibbon/ Taigum $ $ Chermside/ Chermside West $ $ Aspley/ Boondall/ Carseldine/ Geebung/ Zillmere $ $ North West - Inner $ $ Kelvin Grove/ Red Hill $450 8 $440 5 North West - Outer $ $ Everton Park/ McDowall/ Mitchelton/ Stafford/ etc. $ $ The Gap $420 5 n.a. 3 South - Inner $ $ Annerley/ Fairfield $ $ Yeronga $ $ Moorooka/ Tennyson/ Yeerongpilly $ $ Greenslopes $ $ Holland Park/ Holland Park West/ Tarragindi $ $ Mansfield/ Mt Gravatt/ Wishart/ etc. $ $ South - Outer $ $ Salisbury $465 8 $ Macgregor/ Robertson/ Sunnybank/ etc. $ $ Rent ($) New Bonds 3 BEDROOM TOWNHOUSES continued Rent ($) New Bonds South East - Inner $ $ Coorparoo $ $ Camp Hill/ Carina/ Carina Heights/ Carindale $ $ Cannon Hill/ Morningside/ Norman Park/ etc. $ $ Balmoral/ Bulimba/ Hawthorne $ $ Murarrie $465 8 $430 6 South East - Outer $ $ Belmont $ $ Gumdale/ Ransome/ Wakerley $ $ Tingalpa $ $ South West - Inner $ $ Chelmer/ Indooroopilly/ Taringa $ $ Corinda/ Graceville/ Oxley/ Sherwood $ $ South West - Outer $ $ Seventeen Mile Rocks/ Sinnamon Park $ $ Jindalee/ Mt Ommaney/ Sumner/ Westlake/ etc. $ $ Doolandella/ Durack/ Inala/ Richlands $ $ Ellen Grove/ Forest Lake $ $ Kuraby $ $ Eight Mile Plains/ Runcorn $ $ Algester/ Parkinson $ $ Calamvale/ Drewvale/ Stretton $ $ BRISBANE SURROUNDS HOUSE AND UNIT MARKETS Similar to the rest of the state, Greater Brisbane bounced back from a flat March quarter with the Brisbane statistical division recording an increase in preliminary sales numbers of around 5 per cent. Property selling in the sub-$350,000 bracket was where the majority of this increase was occurring in the surrounding council areas. In Ipswich this flurry of affordable sales saw its median house price ease over the June quarter; however this follows a distinct increase over the previous quarter. Springfield Lakes recorded both the highest number of preliminary sales and the highest increase in activity over the quarter. Yamanto was another strong performer which also posted an increase of 2.3 per cent in its median house price. While only making up a small segment of Ipswich s residential market, its unit and townhouse median posted strong growth over the year largely due to sales in new developments. Although Logan saw its median ease slightly by 0.6 per cent over the quarter, sales activity was up over 20 per cent on the March quarter. Neighbouring suburbs Regents Park and Boronia Heights recorded an increase in preliminary sales numbers as did Shailer Park, which also showed sales up on the June quarter last year. Logan s unit and townhouse market recorded a strong increase of 5.8 per cent largely due to a couple of new townhouse complexes selling well in Eagleby and Marsden. The median house price in Moreton Bay remained steady at $380,000, with preliminary sales easing slightly. Warner and Caboolture however were the top performers for the quarter, posting an increase in sales and median price. The region s unit and townhouse market on the other hand saw a slight increase in activity, namely in suburbs offering new affordably priced townhouses such as Kallangur, Kippa-ring and Mango Hill. In Redland City, sales activity remained strong, particularly in Capalaba which doubled the number of house sales recorded during the March quarter. Thornlands, one of the bay s more prestigious suburbs also posted an increase in preliminary sales. A shift towards the affordable market saw the Redland City unit and townhouse median soften 5.7 per cent to $330,000 for the June quarter, although sales numbers remained steady.

10 10 BRISBANE SURROUNDS VACANT LAND MARKET Similar to the house and unit market, all regions except Moreton Bay, recorded an increase in sales activity in their vacant land markets. Ipswich and Logan both posted strong buyer demand, however the affordable estates received most of the attention, contributing to a reduction in their median sale prices. Springfield Lakes and Waterford continue to top the sales list for their respective regions, as well as posting an increase in sales compared to the March quarter. In Moreton Bay, where buyer demand for house and land packages eased further over the June quarter, largely in the prestige end, saw its median also decline, down 5.1 per cent to just shy of $200,000. A distinct shift in sales activity between the bay islands and on the mainland, continues to impact on Redland City s annual median. While over the quarter an increase in lots selling at Wellington Point for around $340,000 and at Mount Cotton for around $265,000 contributed to the fluctuation in median sale price over the quarter. RENTAL MARKET Vacancy rates eased to 3.1 per cent for the Brisbane surrounds region, with all regions posting a higher vacancy rate since the end of March, except Moreton Bay where the vacancy rate at the end of June came in lower at 3.2 per cent. Ipswich local agents attribute the increased vacancies to repaired flood-affected properties coming back into the rental market. With improvements made, many landlords have expected higher asking rents, however with reported slowing tenant enquiry levels, these are not being met. Agents also report increased investor activity in new houses and townhouse complexes, which has added to the available rental stock. Despite a balancing of supply and demand, gross yields came in at 5.1 per cent for the quarter, one of the strongest in SEQ. In Logan, agents report an oversupply of stock as new estates and unit complexes come onto the market, as well as easing tenant enquiry. Moreton Bay agents also report an oversupply of stock, keeping the region s vacancy rate above 3 per cent. Redland City saw vacancy rates ease, largely due to a spike in vacancies on the bay islands, where agents report easing tenant demand and seasonal factors. Median weekly rents from the RTA remained steady across the board for Ipswich, Logan and Moreton Bay. While Redland City saw median weekly rents for two bedroom units increase by $30 and three bedroom houses by $10. HOUSES IPSWICH CITY (LGA) ~ 261 $310, % $312, % 34.7% IPSWICH CITY (LGA) ^ ~ 23 $529, % $515, % 40.1% AUGUSTINE HEIGHTS * 9 $445,000 N/A $472, % N/A BELLBIRD PARK 6 N/A N/A $311, % 40.1% BOOVAL ~ 3 N/A N/A $270, % 35.0% BRASSALL 19 $319, % $325, % 25.0% BUNDAMBA 5 N/A N/A $280, % 33.3% CAMIRA 6 N/A N/A $338, % 30.5% COLLINGWOOD PARK 15 $339, % $330, % 26.9% EAST IPSWICH 5 N/A N/A $265, % 38.0% EASTERN HEIGHTS 10 $300, % $280, % 38.6% FLINDERS VIEW ~ 12 $326, % $345, % 32.2% GOODNA ~ 10 $262, % $290, % 34.9% IPSWICH ~ 5 N/A N/A $299, % 19.8% KARALEE ^ 5 $529,000 N/A $529, % 29.7% LEICHHARDT 6 N/A N/A $235, % 30.2% NORTH IPSWICH ~ 14 $256, % $279, % 33.1% RACEVIEW 18 $305, % $308, % 33.9% REDBANK PLAINS ~ 17 $285, % $290, % 38.1% RIVERVIEW ~ 6 N/A N/A $230, % 30.3% ROSEWOOD 5 N/A N/A $282, % 43.0% SILKSTONE 6 N/A N/A $258, % 34.4% SPRINGFIELD ~ 14 $332, % $365, % 22.5% SPRINGFIELD LAKES 31 $369, % $385, % 24.2% YAMANTO 15 $358, % $350, % 31.1% LOGAN CITY (LGA) 436 $350, % $355, % 42.0% LOGAN CITY (LGA) ^ ~ 97 $485, % $505, % 26.3% BEENLEIGH 6 N/A N/A $315, % 31.3% BERRINBA 10 $394, % $400, % N/A BETHANIA 9 $297,000 N/A $298, % 32.7% BORONIA HEIGHTS 16 $293,000 N/A $310, % 35.4% BROWNS PLAINS 10 $290, % $305, % 30.3% CEDAR GROVE ^ ~ 6 $343,750 N/A $385, % 16.7% CEDAR VALE ^ 5 $439,000 N/A $442, % 38.9% CORNUBIA 9 $470, % $469, % 27.8% CRESTMEAD 19 $287, % $308, % 40.0% DAISY HILL 16 $468, % $442, % 47.5% EAGLEBY 17 $265, % $278, % 39.4% EDENS LANDING 11 $362, % $360, % 26.3% FORESTDALE ^ ~ 6 $667, % $632, % 21.5% GREENBANK ^ ~ 10 $432, % $505, % 27.8% HERITAGE PARK ~ 12 $379, % $377, % 18.0% HILLCREST ~ 11 $365, % $345, % 43.8% JIMBOOMBA 6 N/A N/A $378, % 36.7% JIMBOOMBA ^ 16 $451, % $467, % 33.8% KINGSTON 13 $265, % $270, % 38.5% LOGAN CENTRAL 6 N/A N/A $265, % 39.5% LOGAN VILLAGE ^ ~ 7 $430,000 N/A $462, % 18.8%

11 11 BRISBANE SURROUNDS HOUSES continued LOGANHOLME ~ 17 $368, % $368, % 35.8% LOGANLEA 9 $280, % $309, % 37.3% MARSDEN ~ 27 $322, % $328, % 46.0% MEADOWBROOK 8 $352, % $385, % 28.8% MOUNT WARREN PARK ~ 8 $380, % $360, % 33.3% MUNDOOLUN ^ ~ 8 $514,500 N/A $495, % N/A MUNRUBEN ^ 3 N/A N/A $498, % 25.1% NEW BEITH ^ ~ 5 $585, % $532, % 40.1% REGENTS PARK 32 $355, % $369, % 37.7% ROCHEDALE SOUTH 25 $431, % $408, % 40.7% SHAILER PARK ~ 33 $440, % $470, % 25.3% SLACKS CREEK 17 $295, % $298, % 32.4% SPRINGWOOD ~ 17 $430, % $410, % 29.2% TANAH MERAH 8 $390, % $390, % 25.4% UNDERWOOD 14 $437, % $444, % 36.6% WATERFORD 11 $390, % $389, % N/A WATERFORD WEST ~ 13 $292, % $311, % 36.4% WINDAROO + ~ 5 N/A N/A $405, % 27.2% HOUSES continued MARGATE 8 $326, % $370, % 33.1% MORAYFIELD 26 $307, % $320, % 23.8% MORAYFIELD ^ 6 $472, % $534, % 28.7% MURRUMBA DOWNS 19 $387, % $425, % 29.2% NARANGBA 34 $381, % $411, % 28.6% NEWPORT f 5 N/A N/A $775, % N/A NINGI ^ 5 $440, % $465, % 19.2% NORTH LAKES 72 $432, % $440, % 22.7% PETRIE 13 $380, % $380, % 37.2% REDCLIFFE ~ 20 $329, % $374, % 34.5% ROTHWELL 15 $352, % $381, % 13.7% SAMFORD VALLEY ^ 3 N/A N/A $820, % 28.1% SANDSTONE POINT 6 N/A N/A $385, % 20.8% SCARBOROUGH ~ f 14 $451, % $440, % 10.4% STRATHPINE 12 $325, % $345, % 38.8% UPPER CABOOLTURE ^ ~ 3 N/A N/A $507, % 12.7% WARNER ~ 21 $455, % $460, % 31.4% WOODY POINT 5 N/A N/A $395, % 43.6% WOODRIDGE 14 $242, % $262, % 44.0% REDLAND CITY (LGA) 346 $435, % $452, % 29.1% MORETON BAY (LGA) 648 $380, % $390, % 34.5% MORETON BAY (LGA) ^ 75 $530, % $579, % 27.3% ALBANY CREEK ~ 28 $477, % $511, % 41.6% ARANA HILLS 15 $420, % $422, % 28.0% BANKSIA BEACH 13 $479, % $490, % 18.3% BEACHMERE 5 N/A N/A $357, % 37.5% BELLARA 6 N/A N/A $331, % 16.8% BELLMERE 6 N/A N/A $351, % 12.9% BONGAREE ~ f * 18 $348, % $412, % 24.8% BRAY PARK ~ 23 $367, % $360, % 35.8% BURPENGARY 10 $331, % $360, % 37.1% BURPENGARY ^ 5 $520, % $526, % 28.0% BURPENGARY EAST ^ ~ 6 $418, % $501,000 N/A N/A CABOOLTURE ^ 5 $480, % $470, % 27.2% CABOOLTURE ~ 29 $320, % $308, % 37.3% CABOOLTURE SOUTH 10 $254, % $282, % 37.5% CASHMERE ^ 3 N/A N/A $690, % 34.5% REDLAND CITY (LGA) ^ ~ 20 $852, % $830, % 25.3% ALEXANDRA HILLS 35 $393, % $402, % 34.0% BIRKDALE ~ 30 $441, % $450, % 21.6% CAPALABA 42 $389, % $397, % 32.3% CAPALABA ^ 2 N/A N/A $785, % 16.9% CLEVELAND 21 $470, % $500, % 21.4% MACLEAY ISLAND 7 $260, % $240, % 9.1% MOUNT COTTON 20 $475, % $466, % 38.6% MOUNT COTTON ^ ~ g 7 $1,050,000 N/A N/A N/A N/A ORMISTON ~ f 10 $512, % $532, % 18.8% REDLAND BAY 51 $445, % $480, % 30.4% RUSSELL ISLAND ~ f 15 $197, % $199, % 20.9% THORNESIDE ~ f 6 N/A N/A $451, % 32.6% THORNLANDS ^ ~ 4 N/A N/A $880, % 28.5% THORNLANDS ~ 42 $502, % $530, % 24.1% VICTORIA POINT ~ 26 $510, % $471, % 25.6% WELLINGTON POINT 33 $534, % $535, % 31.4% CASHMERE ~ 4 N/A N/A $575, % 33.7% CLONTARF ~ 11 $317, % $360, % 32.4% DECEPTION BAY 39 $305, % $310, % 29.2% EATONS HILL 12 $495, % $512, % 29.7% ELIMBAH ^ 3 N/A N/A $485, % 29.2% EVERTON HILLS 9 $475, % $470, % 47.3% FERNY HILLS 28 $407, % $435, % 35.8% GRIFFIN 6 N/A N/A $421, % 36.3% KALLANGUR 43 $330, % $345, % 34.2% KIPPA-RING ~ 20 $364, % $348, % 26.5% LAWNTON 16 $316, % $342, % 35.8% MANGO HILL ~ 7 $457, % $442, % 23.0% BRISBANE SURROUNDS' HOUSE SALES <$350,000 $350,000+ $500,000+ $1m INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL 14

12 12 BRISBANE SURROUNDS Suburb/ Number of Mar Jun change 12 mths to change change Locality Sales Mar Jun Qtr over the end of over over UNITS & TOWNHOUSES IPSWICH CITY (LGA) - * 18 $244,000 N/A $272, % 46.7% BRASSALL 3 N/A N/A $295, % 45.3% Suburb/ Number of Mar Jun change 12 mths to change change Locality Sales Mar Jun Qtr over the end of over over VACANT LAND IPSWICH CITY (LGA) + ~ * 116 $179, % $180, % 24.1% IPSWICH CITY (LGA) ^ 8 N/A N/A $265, % 35.9% AUGUSTINE HEIGHTS * 7 $225, % $230, % 16.8% LOGAN CITY (LGA) - * 109 $275, % $265, % 57.7% BEENLEIGH 6 N/A N/A $218, % 53.0% EAGLEBY * t 14 $312,500 N/A $315, % 136.8% MARSDEN * t 12 $322,500 N/A $323, % N/A ROCHEDALE SOUTH ~ t 5 N/A N/A $276, % 45.3% SLACKS CREEK 4 N/A N/A $235, % 50.2% SPRINGWOOD * t 11 $260,000 N/A $268, % 45.0% UNDERWOOD - * 4 N/A N/A $381,000 N/A 75.6% WOODRIDGE * t 10 $190, % $195, % 50.4% BELLBIRD PARK * 2 N/A N/A $242,500 N/A 61.7% BRASSALL ~ * 7 $182,500 N/A $177, % 24.5% BROOKWATER + * ~ 10 $295,000 N/A $289, % 3.9% CHUWAR * 4 N/A N/A $192, % N/A GOODNA 4 N/A N/A $180, % 38.5% KARALEE ^ * 2 N/A N/A $264, % 32.3% LEICHHARDT * 3 N/A N/A $177,475 N/A N/A NORTH BOOVAL 1 N/A N/A $195, % N/A REDBANK PLAINS * 21 $167, % $175, % 0.0% SPRINGFIELD * 5 $177,000 N/A $175,000 N/A 47.1% MORETON BAY (LGA) - * 145 $315, % $335, % 34.5% SPRINGFIELD LAKES ~ * 29 $147, % $183, % 51.2% ALBANY CREEK * 4 N/A N/A $378,000 N/A 38.0% BONGAREE * f 12 $287, % $302, % 11.2% BRENDALE t 4 $252,250 N/A $262, % 25.0% BURPENGARY 2 N/A N/A $315, % 30.4% CABOOLTURE 5 N/A N/A $240, % 58.9% DECEPTION BAY * t 5 N/A N/A $330, % 37.5% KALLANGUR * t 15 $315,000 N/A $310, % 31.6% KIPPA-RING * t 9 $268,000 N/A $334, % 40.5% LAWNTON * t 7 $249,000 N/A $275, % 64.7% MANGO HILL * t 13 $335,000 N/A $349,900 N/A N/A MARGATE * f 6 N/A N/A $360, % 10.8% LOGAN CITY (LGA) ~ * 66 $209, % $210, % 40.1% LOGAN CITY (LGA) ^ * 17 $250, % $257, % 52.1% BAHRS SCRUB * 6 $230,000 N/A $235, % N/A BANNOCKBURN * 3 N/A N/A $235,000 N/A N/A CRESTMEAD * 0 N/A N/A $205,000 N/A 41.4% HILLCREST ~ * 3 N/A N/A $205, % 34.4% JIMBOOMBA * 1 N/A N/A $186, % 45.1% JIMBOOMBA ^ ~ * 5 $220, % $220, % 37.5% MARSDEN * 9 $205,000 N/A $198, % 36.6% WATERFORD * 25 $202,000 N/A $195, % 44.6% MORAYFIELD * t 4 N/A N/A $320, % 75.8% MURRUMBA DOWNS * t 7 $352, % $347, % 29.7% NINGI * t 3 N/A N/A $339,900 N/A N/A REDCLIFFE 13 $320, % $350, % 7.7% SCARBOROUGH * f 6 N/A N/A $399, % 3.0% WOODY POINT * f 3 N/A N/A $323, % 24.3% MORETON BAY (LGA) * f 131 $199, % $202, % 21.0% MORETON BAY (LGA) ^ ~ * 17 $318, % $360, % 34.8% BANKSIA BEACH + * f 3 N/A N/A $325, % 8.8% CABOOLTURE 23 $194, % $193, % 27.1% CASHMERE * 2 N/A N/A $325, % 62.5% DAKABIN * 3 N/A N/A $206, % N/A REDLAND CITY (LGA) f 50 $330, % $350, % 29.6% CAPALABA 6 N/A N/A $285, % 29.5% CLEVELAND f 14 $390, % $387, % 38.4% THORNESIDE 5 N/A N/A $295, % 43.9% GRIFFIN * 6 $204,725 N/A $204, % N/A KALLANGUR * 3 N/A N/A $211, % 37.7% MORAYFIELD 14 $194, % $195, % 30.0% MURRUMBA DOWNS * 1 N/A N/A $227, % 32.3% NARANGBA * 14 $211, % $220, % 30.6% NORTH LAKES ~ * 39 $200, % $205, % 31.4% BRISBANE SURROUNDS' UNIT SALES <$250,000 $250,000+ $350,000+ $500,000+ $1m INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL BRISBANE SURROUNDS' LAND SALES <$250,000 $250,000+ $350,000+ $500, Includes REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL GOLD COAST UNIT SALES GOLD COAST LAND SALES

13 13 BRISBANE SURROUNDS Suburb/ Number of Mar Jun change 12 mths to change change Locality Sales Mar Jun Qtr over the end of over over VACANT LAND continued WARNER * 4 N/A N/A $230, % 39.4% REDLAND CITY (LGA) ¹ ~ * 62 $59, % $95, % -51.3% Redland City - Bay Islands ~ f 36 $38, % $37, % -2.2% Redland City - Mainland ~ * f 26 $327,500 N/A $290, % 30.3% MACLEAY ISLAND ~ f 12 $55, % $55, % 10.0% MOUNT COTTON 6 $276,500 N/A $271, % 23.4% REDLAND BAY * 3 N/A N/A $298, % 45.4% RUSSELL ISLAND ~ f 24 $30, % $32, % 2.4% VICTORIA POINT 2 N/A N/A $266, % 21.1% WELLINGTON POINT 6 $340,000 N/A $330, % 11.9% 3 BEDROOM HOUSES Rent ($) New Bonds Rent ($) New Bonds IPSWICH CITY COUNCIL AREA $ $ Brookwater/ Camira/ Springfield Lakes/ etc. $ $ Collingwood Park/ Redbank/ Redbank Plains $ $ Dinmore/ Riverview $ $ Blackstone/ Bundamba/ Silkstone/ etc. $ $ Brassall/ Leichhardt/ Raceview/ Yamanto/ etc. $ $ Barellan Point/ Karalee/ Willowbank/ etc. $ $ Ebenezer/ Grandchester/ Rosewood/ etc. $ $ LOGAN CITY COUNCIL AREA $ $ Kingston/ Logan Central/ Woodridge $ $ Berrinba $340 5 n.a Browns Plains/ Heritage Park/ Regents Park/ etc. $ $ Underwood $350 8 $ Rochedale/ Rochedale South $ $ BEDROOM HOUSES continued Rent ($) New Bonds Rent ($) New Bonds 4511 Godwin Beach/ Ningi/ Sandstone Pt $ $ D'Aguilar/ Delaneys Ck/ Neurum/ Woodford/ etc. $ $ Elimbah $380 5 n.a. 1 Pine Rivers Region $ $ Albany Creek/ Bridgeman Downs $ $ Eatons Hill $ $ Bunya/ Ferny Grove/ Ferny Hills/ Upper Kedron $ $ Bray Park/ Cashmere/ Strathpine/ Warner/ etc. $ $ Lawnton $ $ Petrie $ $ Dakabin/ Griffin/ Kallangur/ Murrumba Downs/ etc. $ $ Mango Hill/ North Lakes $ $ Camp Mountain/ Highvale/ Samford Village/ etc. $ $ Dayboro/ Mt Pleasant/ Ocean View/ etc. $ $ Redcliffe Region $ $ Clontarf/ Margate/ Woody Point $ $ Redcliffe/ Scarborough $ $ Kippa-Ring $ $ Rothwell $ $ REDLAND CITY COUNCIL AREA $ $ Capalaba/ Capalaba West/ Sheldon $ $ Thorneside $ $ Birkdale $ $ Ormiston/ Wellington Point $ $ Alexandra Hills $ $ Cleveland $ $ Thornlands $ $ Mt Cotton/ Redland Bay/ Victoria Point/ etc. $ $ Amity / Dunwich/ Nth Stradbroke Is/ Point Lookout $300 5 n.a Coochiemudlo Is/ Macleay Is/ Russell Is/ etc. $ $ Boronia Heights/ Greenbank/ New Beith/ etc. $ $ Daisy Hill/ Slacks Creek/ Springwood/ etc. $ $ Shailer Park/ Tanah Merah $ $ Loganholme $ $ Carbrook/ Cornubia $350 8 $ Loganlea/ Meadowbrook $ $ Crestmead/ Marsden $ $ Chambers Flat/ Logan Reserve/ Waterford/ etc. $ $ Bethania $ $ Beenleigh/ Eagleby/ Mt Warren Park/ etc. $ $ Jimboomba/ North Maclean/ South Maclean/ etc. $ $ MORETON BAY REGIONAL COUNCIL AREA $315 1,122 $320 1,041 Caboolture Region $ $ Narangba $ $ Burpengary $ $ Moorina/ Morayfield $ $ Banksia Beach/ Bellara/ Bongaree/ Woorim/ etc. $ $ BEDROOM UNITS IPSWICH CITY COUNCIL AREA $ $ Brookwater/ Camira/ Springfield Lakes/ etc. $ $ Collingwood Park/ Redbank/ Redbank Plains $ $ Blackstone/ Bundamba/ Silkstone/ etc. $ $ Brassall/ Leichhardt/ Raceview/ Yamanto/ etc. $ $ LOGAN CITY COUNCIL AREA $ $ Kingston/ Logan Central/ Woodridge $ $ Browns Plains/ Heritage Park/ Regents Park/ etc. $ $ Rochedale/ Rochedale South $265 5 $ Daisy Hill/ Slacks Creek/ Springwood/ etc. $ $ Shailer Park/ Tanah Merah $ $ Loganlea/ Meadowbrook $255 9 n.a Crestmead/ Marsden $ $ Chambers Flat/ Logan Reserve/ Waterford/ etc. $245 9 $ Beenleigh/ Eagleby/ Mt Warren Park/ etc. $ $ Deception Bay $ $ Beachmere/ Caboolture/ Upper Caboolture/ etc. $ $

14 14 BRISBANE SURROUNDS 2 BEDROOM UNITS continued MORETON BAY REGIONAL COUNCIL AREA $ $ Caboolture Region $ $ Burpengary $250 7 $ Moorina/ Morayfield $ $ Banksia Beach/ Bellara/ Bongaree/ Woorim/ etc. $ $ Deception Bay $ $ Beachmere/ Caboolture/ Upper Caboolture/ etc. $ $ Pine Rivers Region $ $ Bray Park/ Cashmere/ Strathpine/ Warner/ etc. $ $ Lawnton $ $ Petrie n.a. 3 n.a Dakabin/ Griffin/ Kallangur/ Murrumba Downs/ etc. $ $ Mango Hill/ North Lakes $ n.a. 1 Redcliffe Region $ $ Clontarf/ Margate/ Woody Point $ $ Redcliffe/ Scarborough $ $ Kippa-Ring $260 5 $240 8 REDLAND CITY COUNCIL AREA $ $ Capalaba/ Capalaba West/ Sheldon $ $ Thorneside $290 5 n.a Birkdale n.a. 3 $ Ormiston/ Wellington Point n.a. 3 $ Cleveland $ $ BEDROOM TOWNHOUSES Rent New Rent New ($) Bonds ($) Bonds IPSWICH CITY COUNCIL AREA $ $ Brookwater/ Camira/ Springfield Lakes/ etc. $ $ Collingwood Park/ Redbank/ Redbank Plains $ $ Blackstone/ Bundamba/ Silkstone/ etc. $ $ Brassall/ Leichhardt/ Raceview/ Yamanto/ etc. $ $ LOGAN CITY COUNCIL AREA $ $ Kingston/ Logan Central/ Woodridge $ $ Browns Plains/ Heritage Park/ Regents Park/ etc. $ $ Underwood $ $ BEDROOM TOWNHOUSES continued Rent New Rent New ($) Bonds ($) Bonds 4127 Daisy Hill/ Slacks Creek/ Springwood/ etc. $ $ Shailer Park/ Tanah Merah $320 6 $ Carbrook/ Cornubia $330 5 $ Loganlea/ Meadowbrook $ $ Crestmead/ Marsden $ $ Chambers Flat/ Logan Reserve/ Waterford/ etc. $ $ Beenleigh/ Eagleby/ Mt Warren Park/ etc. $ $ MORETON BAY REGIONAL COUNCIL AREA $ $ Caboolture Region $ $ Burpengary $ $ Moorina/ Morayfield $ $ Banksia Beach/ Bellara/ Bongaree/ Woorim/ etc. $315 6 $ Deception Bay $ $ Beachmere/ Caboolture/ Upper Caboolture/ etc. $ $ Godwin Beach/ Ningi/ Sandstone Pt $285 5 n.a. 4 Pine Rivers Region $ $ Albany Creek/ Bridgeman Downs $380 7 n.a Bunya/ Ferny Grove/ Ferny Hills/ Upper Kedron $350 5 n.a Bray Park/ Cashmere/ Strathpine/ Warner/ etc. $ $ Lawnton $ $ Petrie $335 9 n.a Dakabin/ Griffin/ Kallangur/ Murrumba Downs/ etc. $ $ Mango Hill/ North Lakes $ $330 7 Redcliffe Region $ $ Clontarf/ Margate/ Woody Point $320 8 $ Redcliffe/ Scarborough $ $ Kippa-Ring $ $ Rothwell $ $ REDLAND CITY COUNCIL AREA $ $ Capalaba/ Capalaba West/ Sheldon $ $ Thorneside $360 9 $ Ormiston/ Wellington Point $365 7 $ Cleveland $ $ Mt Cotton/ Redland Bay/ Victoria Point/ etc. $ $ Rochedale/ Rochedale South $340 8 $320 5 GOLD COAST HOUSE AND UNIT MARKETS On the Gold Coast, the residential property market was generally stable compared to the March quarter with investors slowly beginning to re-emerge. Looking for a good buy, investors are being quite price-sensitive. First home buyers are continuing to hold off due to the current economic climate, however local agents report there is evidence of pent up demand, which will flow back into the residential market once more confidence returns. The building boost is yet to have any impact on the new property market, while the changes to stamp duty have come at a very unwelcome time in the market. The Gold Coast median house recorded a drop of 6.1 per cent to $460,000. This was largely influenced by a drop in waterfront prestige homes selling. Suburbs to perform well, such as Ashmore and Varsity Lakes, where preliminary sales numbers were up on the previous quarter, are proving popular due to their central location yet affordably priced property.

15 15 GOLD COAST HOUSE AND UNIT MARKETS continued Traditional family suburbs offering waterfront property such as Benowa, Clear Island Waters and Runaway Bay have also seen a shift in sales towards the upper end, resulting in a jump in their respective house medians. More prestige waterfront sales such as at Sovereign Island, however, have experienced weakened demand and subsequent reduction in its median house price, particularly over the year ending June. Across the board, some confidence back in the market is all that the Gold Coast needs. The announcement of the host of the 2018 Commonwealth Games in November will hopefully bring a much-needed boost to the region. For units and townshouses, the Gold Coast recorded a median of $360,000, up 1.4 per cent over the June quarter. Over the 12 months to the end of June, however, most suburbs on the Gold Coast saw an easing in both demand and sale prices for the unit and townhouse market, however the slow re-emergence of first home buyers and investors should help see this segment of the residential market turn around in the coming year. The high-rise unit market in particular is struggling, with most activity occurring in the sub $400,000 price bracket. As with house sales, Varsity Lakes proved most popular over the quarter, with a median under $400,000. The suburb had an increase in its median as well as preliminary sales numbers. New townhouse sales were up in suburbs such as Hope Island, Pimpama and Upper Coomera. The latter two provide affordable housing options, while still being ideally located with good access to local infrastructure. VACANT LAND MARKET The Gold Coast land market is reasonably flat, with the building boost having minimal to no impact on sales volumes. Similar to the established market, buyer and seller sentiment is still quite low. Despite this, the Gold Coast did record an increase in preliminary land sales over the quarter, with the affordable end performing strongly. Upper Coomera and Coomera continue to record steady sales with median sale prices of $236,950 and $204,475 respectively. RENTAL MARKET At the end of June, vacancy rates came in at a threeyear high of 5.2 per cent, largely due to the continued slow tourism sector impacting on local employment opportunities. However it is reported that demand is picking up, with many first home buyers remaining on the sidelines of the sales market and continuing to live in rental properties while they wait for market conditions to improve. HOUSES GOLD COAST CITY (LGA) + ~ f 713 $460, % $485, % 17.7% GOLD COAST CITY (LGA) ^ 73 $630, % $675, % 18.4% ARUNDEL 13 $460, % $472, % 18.1% ASHMORE ~ 24 $402, % $442, % 13.5% BENOWA + * ~ f 15 $900, % $750, % 24.6% BIGGERA WATERS ~ f 11 $420, % $450, % 11.7% BONOGIN ^ ~ 10 $632, % $635, % 33.3% BROADBEACH WATERS ~ f 18 $775, % $744, % 11.9% BUNDALL ~ f 8 $648, % $950, % 40.7% BURLEIGH HEADS ~ f 17 $542, % $555, % 7.2% BURLEIGH WATERS 28 $541, % $545, % 21.0% CARRARA 13 $409, % $425, % 17.1% CLEAR ISLAND WATERS ~ f 14 $938, % $800, % 8.8% COOMBABAH 7 $365, % $405, % 17.4% COOMERA + ~ f 14 $637, % $551, % 5.0% CURRUMBIN WATERS 12 $510, % $495, % 26.9% ELANORA ~ 14 $467, % $517, % 23.2% HELENSVALE + ~ f 37 $460, % $502, % 17.2% HIGHLAND PARK ~ 9 $420, % $424, % 26.6% HOLLYWELL ~ 4 N/A N/A $550, % 15.4% HOPE ISLAND + * f ~ 7 $756, % $1,225, % 13.4% LABRADOR ~ 11 $382, % $405, % 9.5% MAUDSLAND 8 $450,000 N/A $455, % 23.1% MERMAID WATERS ~ 17 $588, % $605, % 6.6% MERRIMAC 5 N/A N/A $408, % 21.3% MIAMI ~ 6 N/A N/A $527, % 22.0% MOLENDINAR ~ 11 $450, % $484, % 13.7% MUDGEERABA 15 $432, % $455, % 21.5% MUDGEERABA ^ 10 $592, % $646, % 19.6% NERANG ~ 24 $330, % $365, % 16.1% ORMEAU ^ 4 N/A N/A $652, % 18.6% ORMEAU ~ 16 $397, % $434, % 19.4% OXENFORD ~ 21 $415, % $440, % 21.9% PACIFIC PINES 33 $440, % $455, % 18.9% PALM BEACH ~ 17 $490, % $515, % 17.0% PARADISE POINT ¹ 8 $590,750 N/A $600, % 18.8% PARKWOOD 18 $453, % $475, % 21.8% REEDY CREEK ~ 11 $649, % $645, % 44.9% GOLD COAST HOUSE SALES <$350,000 $350,000+ $500,000+ $1m

16 16 GOLD COAST HOUSES continued ROBINA 44 $497, % $520, % 9.5% RUNAWAY BAY ~ f 14 $740, % $775, % -1.9% SOUTHPORT ~ f 19 $420, % $440, % 12.8% SOVEREIGN ISLAND * f 5 N/A N/A $1,751, % -7.8% SURFERS PARADISE f 10 $1,477,500 N/A $1,310, % -6.4% TALLAI ^ ~ 2 N/A N/A $765, % 24.7% TALLEBUDGERA ^ ~ 6 $635, % $790, % 29.5% TUGUN ~ 12 $425, % $445, % 5.5% UPPER COOMERA 47 $418, % $409, % 19.6% VARSITY LAKES ~ 31 $440, % $460, % 13.0% WORONGARY 9 $365,000 N/A $393, % 17.0% WORONGARY ^ ~ 5 $530, % $595, % 3.0% UNITS & TOWNHOUSES GOLD COAST CITY (LGA) $360, % $367, % 14.8% ARUNDEL 10 $307,500 N/A $316, % 21.9% ASHMORE ~ 13 $270, % $305, % 22.0% BENOWA - * f 4 N/A N/A $444, % 41.2% BIGGERA WATERS ~ f 17 $292, % $316, % 9.0% BROADBEACH * f 43 $505, % $482, % 12.2% BROADBEACH WATERS 11 $340,000 N/A $391, % 28.6% UNITS & TOWNHOUSES continued RUNAWAY BAY ~ f 12 $518, % $372, % -22.0% SOUTHPORT ~ f * 80 $335, % $340, % 8.8% SURFERS PARADISE ~ f * 144 $350, % $365, % -3.9% TUGUN ~ 9 $345, % $350, % 0.7% UPPER COOMERA - * 16 $379, % $342, % 8.7% VARSITY LAKES ~ 42 $385, % $386, % 10.4% VACANT LAND GOLD COAST CITY (LGA) + ~ f 79 $240, % $250, % 25.3% GOLD COAST CITY (LGA) ^ 6 N/A N/A $450, % 28.6% COOMERA + * f 16 $204, % $234, % 2.6% HELENSVALE + * f 7 $395,000 N/A $522, % 22.2% HOPE ISLAND + * f 3 N/A N/A $577, % 2.2% OXENFORD ~ 9 $217, % $220, % 17.6% PACIFIC PINES 8 $211,100 N/A $240, % 26.3% PIMPAMA 4 N/A N/A $220, % 16.4% UPPER COOMERA + * 14 $236,950 N/A $242, % 28.2% GOLD COAST UNIT SALES <$250,000 $250,000+ $350,000+ $500,000+ $1m+ BURLEIGH HEADS f 29 $395, % $385, % 13.2% BURLEIGH WATERS 12 $394, % $356, % 19.5% CARRARA - * f 14 $333, % $377, % 0.7% CLEAR ISLAND WATERS f 4 N/A N/A $510, % 54.5% COOLANGATTA f 42 $485, % $437, % -1.7% COOMBABAH 14 $316,500 N/A $320, % 26.5% COOMERA - f * 5 N/A N/A $350, % 48.9% CURRUMBIN ~ f 5 N/A N/A $400, % -4.5% CURRUMBIN WATERS f 8 $270, % $310, % 19.2% ELANORA 10 $312,500 N/A $327, % 21.3% HELENSVALE - * 15 $450,000 N/A $356, % 50.2% HOPE ISLAND - * f t 34 $428, % $419, % -18.6% LABRADOR 51 $280, % $310, % 21.6% MAIN BEACH ~ f 22 $510, % $560, % 0.4% MERMAID BEACH ~ f * 25 $397, % $375, % 19.0% MERMAID WATERS f 13 $280, % $312, % 16.4% MERRIMAC * f 10 $305,000 N/A $355, % 46.1% MIAMI * f 17 $320, % $362, % 11.7% GOLD COAST LAND SALES <$250,000 $250,000+ $350,000+ $500, MUDGEERABA * 13 $342, % $325, % 30.2% NERANG 18 $291,000 N/A $300, % 17.6% ORMEAU 9 $352,500 N/A $358, % 19.3% OXENFORD ~ 8 $242, % $280, % 23.8% PACIFIC PINES 12 $278, % $335, % 28.8% PALM BEACH ~ f * 30 $332, % $360, % 18.0% PARADISE POINT ¹ ~ f 13 $465, % $369, % 23.8% PIMPAMA * t 10 $369,900 N/A $369, % N/A REEDY CREEK - * ~ t 8 $284, % $305, % 33.8% ROBINA ~ * 23 $435, % $436, % 21.4%

17 17 GOLD COAST 3 BEDROOM HOUSES Rent New Rent New ($) Bonds ($) Bonds GOLD COAST CITY COUNCIL AREA $400 1,005 $ Jacobs Well/ Ormeau/ Ormeau Hills/ etc. $ $ Coomera/ Pimpama/ Upper Coomera/ Willow Vale $ $ Guanaba/ Maudsland/ Oxenford/ Wongawallan $ $ Carrara/ Highland Park/ Nerang/ Pacific Pines/ etc. $ $ Helensvale/ Hope Island $ $ Bonogin/ Mudgeeraba/ Tallai/ Worongary/ etc. $ $ Arundel/ Ashmore/ Molendinar/ Parkwood $ $ Labrador/ Southport $ $ BEDROOM UNITS continued Rent New Rent New ($) Bonds ($) Bonds 4217 Benowa/ Main Beach/ Surfers Paradise/ etc. $ $ Broadbeach/ Mermaid Beach/ Mermaid Wates/ etc. $ $ Burleigh Heads/ Burleigh Waters/ Miami $ $ Elanora/ Palm Beach $ $ Currumbin/ Currumbin Valley/ Currumbin Waters $ $ Tugun $ $ Bilinga/ Coolangatta $ $ Clear Island Waters/ Merrimac/ Robina $ $ Reedy Creek/ Varsity Lakes $ $ Biggera Waters/ Paradise Pt/ Runaway Bay/ etc. $ $ Benowa/ Main Beach/ Surfers Paradise/ etc. $ $ Broadbeach/ Mermaid Beach/ Mermaid Wates/ etc. $ $ Burleigh Heads/ Burleigh Waters/ Miami $ $ Elanora/ Palm Beach $ $ Currumbin/ Currumbin Valley/ Currumbin Waters $ $ Tugun $ $ Bilinga/ Coolangatta $420 6 $ Clear Island Waters/ Merrimac/ Robina $ $ Reedy Creek/ Varsity Lakes $ $ BEDROOM TOWNHOUSES GOLD COAST CITY COUNCIL AREA $365 1,143 $360 1, Jacobs Well/ Ormeau/ Ormeau Hills/ etc. $360 9 n.a Coomera/ Pimpama/ Upper Coomera/ Willow Vale $ $ Guanaba/ Maudsland/ Oxenford/ Wongawallan $ $ Carrara/ Highland Park/ Nerang/ Pacific Pines/ etc. $ $ Helensvale/ Hope Island $ $ Bonogin/ Mudgeeraba/ Tallai/ Worongary/ etc. $ $ Arundel/ Ashmore/ Molendinar/ Parkwood $ $ Labrador/ Southport $ $ BEDROOM UNITS GOLD COAST CITY COUNCIL AREA $350 2,489 $340 2, Coomera/ Pimpama/ Upper Coomera/ Willow Vale $ n.a Guanaba/ Maudsland/ Oxenford/ Wongawallan $ $ Carrara/ Highland Park/ Nerang/ Pacific Pines/ etc. $ $ Helensvale/ Hope Island $ $ Bonogin/ Mudgeeraba/ Tallai/ Worongary/ etc. $325 9 $ Arundel/ Ashmore/ Molendinar/ Parkwood $ $ Labrador/ Southport $ $ Biggera Waters/ Paradise Pt/ Runaway Bay/ etc. $ $ Biggera Waters/ Paradise Pt/ Runaway Bay/ etc. $ $ Benowa/ Main Beach/ Surfers Paradise/ etc. $ $ Broadbeach/ Mermaid Beach/ Mermaid Wates/ etc. $ $ Burleigh Heads/ Burleigh Waters/ Miami $ $ Elanora/ Palm Beach $ $ Currumbin/ Currumbin Valley/ Currumbin Waters $ $ Tugun $ $ Bilinga/ Coolangatta $440 6 $ Clear Island Waters/ Merrimac/ Robina $ $ Reedy Creek/ Varsity Lakes $ $ TOOWOOMBA HOUSE AND UNIT MARKETS The median house price in Toowoomba increased 1.5 per cent to $296,500 over the June quarter. The numbers of preliminary sales were down about 11 per cent compared to the March quarter. Over the year ending June 2011, the median house price increased 2.6 per cent. According to local agents, the market continued to be impacted by lower demand following the floods. Over the past few weeks however demand had started to increase. However, Toowoomba s property market continues to be quite patchy with some agents having a busy week, and then a quiet week, but confidence levels amongst buyers do seem to be improving. The difficulties obtaining housing finance directly after the floods have lessened to a degree, however lenders are still not making it easy for buyers with many requesting at least three weeks to process finance applications even though the sales market has generally been pretty quiet. Over the June quarter, there were a number of suburbs that performed well. Wilsonton and Wilsonton Heights recorded 6.7 per cent and 10.3 per cent median house price growth to $289,000 and $267,500 respectively. Wilsonton is undergoing major shopping centre works with the construction of the new Coles and expansion of the current Wilsonton Shopping Centre. This will be the added boost this side of town has been looking for since the shopping centre was sold.

18 18 TOOWOOMBA HOUSE AND UNIT MARKETS continued The median price for acreage homes in Highfields increased 8.8 per cent to $481,399 and also recorded more than double the number of preliminary sales compared to the March quarter. Highfields has always been a strong area within the region with ample building activity and two shopping centres helping to make it a self-sustainable community, only minutes from Toowoomba s central city. The Toowoomba median unit and townhouse price decreased 4.8 per cent to $238,000 over the quarter but was up 6.7 per cent over the year. VACANT LAND MARKET The median price of land decreased 9.1 per cent to $154,500 over the June quarter and was steady over the year. Preliminary sales numbers were up substantially over the quarter but this came off a very low base of just 44 sales over the period. Over the year, the number of preliminary sales was down 30 per cent for urban land, and was down 35 per cent for acreage land. Local agents say the market has been impacted by an undersupply of land over the past two years which has resulted in a lack of significant choice for buyers. RENTAL MARKET The median rent for a three-bedroom house increased $10 to $275 per week between June 2011 and June last year. The median rent for a two-bedroom unit increased $5 to $210 per week over the same period. Both the Toowoomba City and local government area recorded a vacancy rate of 1.6 per cent at the end of June, unchanged from the end of March. However, a number of sellers are reportedly taking advantage of the tight rental market, as a result of the slow sales market, and letting out their property instead of attempting to sell. HOUSES TOOWOOMBA (LGA) ~ 294 $296, % $297, % 26.4% TOOWOOMBA (LGA) ^ ~ 59 $446, % $440, % 22.5% CENTENARY HEIGHTS 22 $295, % $295, % 22.9% DARLING HEIGHTS 12 $300, % $300, % 20.2% EAST TOOWOOMBA ~ 8 $387, % $391, % 39.7% GLENVALE ~ 15 $306, % $318, % 25.7% HARLAXTON 8 $225, % $236, % 17.7% HARRISTOWN ~ 17 $250, % $260, % 20.9% HIGHFIELDS 13 $470, % $434, % 20.0% HIGHFIELDS ^ 22 $481, % $444, % 20.8% KEARNEYS SPRING ~ 24 $318, % $320, % 18.0% MIDDLE RIDGE ~ 13 $398, % $429, % 18.3% MOUNT LOFTY ~ 12 $312, % $330, % 22.7% NEWTOWN 23 $260, % $251, % 23.6% NORTH TOOWOOMBA ~ 10 $281, % $259, % 33.6% OAKEY 5 N/A N/A $230, % 37.6% PITTSWORTH 2 N/A N/A $278, % 42.6% RANGEVILLE 20 $365, % $370, % 20.9% ROCKVILLE ~ 12 $220, % $240, % 13.9% SOUTH TOOWOOMBA 17 $252, % $278, % 29.9% WESTBROOK 10 $373, % $395, % 24.2% WILSONTON 15 $289, % $272, % 25.0% WILSONTON HEIGHTS 8 $267, % $249, % N/A WYREEMA 3 N/A N/A $291, % 30.0% UNITS & TOWNHOUSES TOOWOOMBA (LGA) ~ 52 $238, % $242, % 16.4% EAST TOOWOOMBA ~ * 7 $226,500 N/A $226, % 19.8% HARRISTOWN 5 N/A N/A $242,000 N/A 11.5% KEARNEYS SPRING 5 N/A N/A $250, % 11.1% NEWTOWN * t 11 $235,000 N/A $231, % 29.0% TOOWOOMBA HOUSE SALES <$350,000 $350,000+ $500,000+ TOOWOOMBA UNIT SALES <$250,000 $250,000+ $350,000+ $500,

19 19 TOOWOOMBA VACANT LAND TOOWOOMBA (LGA) ~ * 43 $116, % $145, % 53.3% TOOWOOMBA (LGA) ^ ~ * 44 $154, % $160, % 20.8% GLENVALE * 3 N/A N/A $143, % 38.8% GOWRIE JUNCTION ^ * 8 $153, % $152, % N/A HARRISTOWN * 3 N/A N/A $155, % N/A HODGSON VALE ^ 7 $127,500 N/A $163,500 N/A 21.1% KEARNEYS SPRING * 2 N/A N/A $167,000 N/A 32.8% KLEINTON * 3 N/A N/A $149, % N/A MIDDLE RIDGE ~ * 2 N/A N/A $201, % 32.5% OAKEY * 2 N/A N/A $82,000 N/A N/A WESTBROOK * 3 N/A N/A $125, % 49.1% TOOWOOMBA LAND SALES <$250,000 $250,000+ $350, BEDROOM HOUSES TOOWOOMBA REGIONAL COUNCIL AREA $ $ Newtown/ Rangeville/ Harristown/ Wilsonton/ etc. $ $ Highfields/ Meringandan/ Preston/ Withcott/ etc. $ $ Pittsworth/ Bongeen/ Stoneleigh/ etc. $ $ Millmerran/ Bringalily/ Stonehenge/ etc. $250 7 $ Ascot/ Budgee/ Greenmount/ etc. $ $ Haldon/ Nobby $220 5 n.a Back Plains/ Clifton/ Sandy Camp/ etc. $ $ Kingsthorpe $265 7 $ Acland/ Biddeston/ Oakey/ etc. $ $ BEDROOM UNITS TOOWOOMBA REGIONAL COUNCIL AREA $ $ Newtown/ Rangeville/ Harristown/ Wilsonton/ etc. $ $ Acland/ Biddeston/ Oakey/ etc. $175 6 $ BEDROOM TOWNHOUSES Rent New Rent New ($) Bonds ($) Bonds TOOWOOMBA REGIONAL COUNCIL AREA $ $ Newtown/ Rangeville/ Harristown/ Wilsonton/ etc. $ $ sunshine coast HOUSE AND UNIT MARKETS Conditions on the Sunshine Coast are much the same as they were during the March quarter with a general lack of confidence across the board. The market is however stable, albeit with no sign of recovery just yet. Days on market for exclusive listings have pushed out to 80 to 90 days, while sale by auction has become an increasingly used method. Local agents report sound clearance rates being achieved, with auctions providing buyers with the incentive to be more decisive. The prestige market is struggling due to minimal quality stock. Vendors in the $1 million-plus price range are waiting for market conditions to improve before putting their homes on the market, despite buyer enquiries at this level. In other segments of the market, there is an oversupply in the sub-$500,000 price bracket, with properties selling on price alone. While the sub-$400,000 price range is moving quickly with minimal stock available. Beerwah and Tewantin both recorded the highest increase in preliminary sales over the quarter. The recent stamp duty announcements have had minimal impact on buying decisions given the market is still very much in the buyers hands. Many home buyers have the nous to know that the extra stamp duty now payable is off-set by their negotiating power on asking prices. Investors are tipped to be the ones to lead the recovery in the unit and townhouse market, which is still in over supply. Over the June quarter, there was an increase in investors off-loading their units, which has added to the over-supply issue. Preliminary sales numbers were down on the March quarter, with the drop mostly felt in the top and bottom ends of the market. Mid-range to lower-end prestige properties continued to sell however with Maroochydore recording the highest increase in sales. Increased sales activity was also recorded in the more expensive suburbs of Noosa Heads and Sunshine Beach, however again the mid-range properties attracted the most demand. It is anticipated that sales activity in general will begin to pick up by the end of the year as more confidence returns to the market.

20 20 sunshine coast VACANT LAND MARKET Land supply is tight in the coastal regions, and where land is available the majority is held by developers and is sold as part of house and land packages. With the new building boost incentive, this segment of the market is no doubt set to attract increasing activity over the next six months, particularly amongst first home buyers given other incentives that also exist. Some developers are also providing additional grants which would result in first home buyers potentially receiving up to $27,000 to purchase a new-build home. Well priced estates such as Stockland s Brightwater at Mountain Creek, where house and land packages begin at around $400,000 are recording high sales turnover, while Peregian Springs and Pelican Waters are also seeing sales continue to tick over. RENTAL MARKET Low employment opportunities continue to impact on the residential rental market with local agents reporting tenants leaving the area in search of work. Some are reporting an increase in break-leases as a result. The vacancy rate at the end of June was 4.9 per cent, up markedly from the end March. An oversupply of stock is also contributing to this increase with reports of vendors unable to sell placing their properties in the rental pool. The RTA s number of bonds lodged was down over the quarter, along with median weekly rents for both threebedroom houses and two-bedroom units softening by $5. Areas closer to the coast, however, are reportedly experiencing tighter rental conditions than other areas. HOUSES SUNSHINE COAST (LGA) 511 $450, % $457, % 17.5% SUNSHINE COAST (LGA) ^ ~ 116 $530, % $569, % 19.9% ALEXANDRA HEADLAND 2 N/A N/A $685,000 N/A 32.4% AROONA ~ 7 $375, % $415, % 19.9% BATTERY HILL 6 N/A N/A $435, % 17.6% BEERWAH ~ 19 $380, % $385, % 32.3% BLACK MOUNTAIN ^ 1 N/A N/A $535, % 24.4% BLI BLI 5 N/A N/A $400, % 22.9% BUDDINA ~ 7 $451, % $528, % 11.3% BUDERIM 56 $492, % $508, % 19.5% BURNSIDE 4 N/A N/A $375, % 33.0% CALOUNDRA WEST ~ 8 $369, % $411, % 17.6% COOLUM BEACH ~ f 19 $451, % $447, % 4.6% COOROY 1 N/A N/A $425, % 27.0% CURRIMUNDI 14 $435, % $415, % 14.2% DICKY BEACH 3 N/A N/A $620,000 N/A 16.5% DOONAN ^ ~ 8 $710, % $750, % 33.9% GLASS HOUSE MOUNTAINS ^ 6 $453,750 N/A $462, % 25.0% GLASS HOUSE MOUNTAINS ~ 7 $400, % $425, % 29.9% GOLDEN BEACH 8 $423,500 N/A $440, % 17.8% KULUIN 1 N/A N/A $388, % 15.6% LANDSBOROUGH 4 N/A N/A $360, % 21.0% LITTLE MOUNTAIN 22 $452, % $450, % 18.7% MALENY ~ 7 $435,000 N/A $427, % 24.6% MAROOCHYDORE 15 $425, % $450, % 13.9% MERIDAN PLAINS ~ 5 N/A N/A $402, % 4.1% MINYAMA ~ f 5 N/A N/A $705, % -20.3% MOFFAT BEACH ~ 6 N/A N/A $590, % 39.8% SUNSHINE COAST HOUSE SALES MOOLOOLABA ~ f 5 N/A N/A $512, % 10.2% <$350,000 $350,000+ $500,000+ $1m+ MOOLOOLAH VALLEY ^ ~ 7 $590, % $574, % 38.8% MOUNT COOLUM 9 $457,500 N/A $472, % 26.0% MOUNTAIN CREEK ~ 20 $449, % $480, % 21.5% NAMBOUR ~ 19 $305, % $325, % 22.4% NOOSA HEADS ~ f 16 $855, % $646, % 5.5% NOOSAVILLE ~ f 13 $900, % $800, % 25.5% PALMWOODS ~ 8 $436, % $430, % 14.7% PARREARRA 8 $611,250 N/A $580, % 20.8% PELICAN WATERS ~ f 16 $547, % $585, % 13.0% PEREGIAN BEACH 7 $565,000 N/A $593, % -2.0% SUNSHINE COAST UNIT SALES <$250,000 $250,000+ $350,000+ $500,000+ $1m PEREGIAN SPRINGS ~ 8 $452, % $512, % -2.5% POMONA ^ 4 N/A N/A $531, % 23.8% ROSEMOUNT ^ 6 $607,000 N/A $635,000 N/A N/A SIPPY DOWNS 18 $408, % $439, % 22.1% SUNRISE BEACH 9 $620,000 N/A $587, % 11.4% SUNSHINE BEACH ~ f 9 $780, % $805, % -25.8% TEWANTIN 25 $393, % $440, % 17.3% TWIN WATERS 5 N/A N/A $653, % 12.1% WARANA ~ 7 $475, % $452, % 11.7% WOOMBYE 4 N/A N/A $407, % 27.3%

21 21 sunshine coast HOUSES continued WURTULLA ~ 15 $508, % $447, % 29.1% 3 BEDROOM HOUSES Rent New Rent New ($) Bonds ($) Bonds SUNSHINE COAST REGIONAL COUNCIL AREA $365 1,011 $ Caloundra (coastal region) $ $ UNITS & TOWNHOUSES SUNSHINE COAST (LGA) 328 $355, % $365, % 5.8% ALEXANDRA HEADLAND f 16 $310, % $325, % -4.4% BUDERIM - * 18 $366, % $392, % 30.8% CALOUNDRA * f 25 $340, % $390, % 1.8% CALOUNDRA WEST 4 N/A N/A $325, % 32.7% COOLUM BEACH t f 10 $336, % $385, % -5.9% GOLDEN BEACH 5 N/A N/A $375, % -3.8% KINGS BEACH ~ f 8 $347, % $410, % 5.1% MARCOOLA * f 5 N/A N/A $367, % 1.0% MAROOCHYDORE 59 $343, % $355, % 1.4% MINYAMA 3 N/A N/A $290,000 N/A 18.9% MOOLOOLABA f 29 $350, % $355, % -2.7% MOUNT COOLUM 8 $284,875 N/A $331, % 14.3% NAMBOUR * t 7 $180,000 N/A $255, % 29.4% NOOSA HEADS - * f 23 $675, % $610, % -7.6% NOOSAVILLE f 20 $350, % $360, % 7.2% PARREARRA t * f 2 N/A N/A $535, % 40.1% PELICAN WATERS - f 5 N/A N/A $407, % -5.8% PEREGIAN SPRINGS - * 4 N/A N/A $418, % N/A SUNSHINE BEACH ~ f 15 $469, % $560, % -15.8% TEWANTIN 6 N/A N/A N/A N/A N/A WARANA * 3 N/A N/A $305, % 8.0% 4551 Currimundi/ Golden Beach/ Moffat Beach/ etc. $ $ Bokarina/ Minyama/ Parrearra/ Wurtulla/ etc. $ $ Caloundra (inland region) $ $ Glass House Mountains $300 7 $ Beerwah/ Coochin Creek/ Peachester/ etc. $ $ Landsborough/ Mt Mellum $350 9 $ Conondale/ Maleny/ Reesville/ Witta/ etc. $ $ Glenview/ Mooloolah Valley/ Palmview/ etc. $ $330 8 Maroochy (coastal region) $ $ Chevallum/ Hunchy/ Palmwoods $ $ Buderim/ Forest Glen/ Sippy Downs/ Tanawha/ etc. $ $ Mooloolaba/ Mountain Creek $ $ Kuluin/ Maroochydore $ $ Diddillibah/ Kiels Mountain/ Woombye/ etc. $ $ Bli Bli/ Burnside/ Montville/ Nambour/ etc. $ $ Marcoola/ Mudjimba/ Pacific Paradise/ etc. $ $ Coolum Beach/ Peregian Springs/ Yaroomba/ etc. $ $ Maroochy (inland region) $ $ Ninderry/ North Arm/ Yandina/ Yandina Creek/ etc. $ $ Belli Park/ Doonan/ Eerwah Vale/ Eumundi/ etc. $ $ Noosa (coastal region) $ $ Boreen Point/Cootharaba/ Tewantin/ etc. $ $ Noosaville $ $ Noosa Heads/ Sunrise Bch/ Sunshine Bch/ etc. $ $ VACANT LAND SUNSHINE COAST (LGA) + * f 76 $243, % $250, % 22.9% SUNSHINE COAST (LGA) ^ 13 N/A N/A $360, % 26.8% BEERWAH ~ * 4 N/A N/A $187, % 21.0% Noosa (inland region) $ $ Black Mountain/ Cooroy/ Lake Macdonald/ etc. $ $ Federal/ Pinbarren/ Pomona $ $ Cooran $ n.a. 4 BIRTINYA * 3 N/A N/A $340, % N/A BUDERIM * 3 N/A N/A $305, % 23.7% LITTLE MOUNTAIN * 4 N/A N/A $250, % 26.3% MOUNTAIN CREEK * 7 $260,000 N/A $260, % N/A NOOSAVILLE f * 1 N/A N/A $315, % -30.3% PELICAN WATERS f * 9 $260, % $350, % 24.6% PEREGIAN SPRINGS + ~ * 7 $230, % $227, % -18.8% WOOMBYE * 3 N/A N/A $217, % 32.2% 2 BEDROOM UNITS SUNSHINE COAST REGIONAL COUNCIL AREA $ $ Caloundra (coastal region) $ $ Currimundi/ Golden Beach/ Moffat Beach/ etc. $ $ Bokarina/ Minyama/ Parrearra/ Wurtulla/ etc. $ $ Caloundra (inland region) $250 9 $250 7 Maroochy (coastal region) $ $ SUNSHINE COAST LAND SALES <$250,000 $250,000+ $350,000+ $500, Buderim/ Forest Glen/ Sippy Downs/ Tanawha/ etc. $ $ Mooloolaba/ Mountain Creek $ $ Kuluin/ Maroochydore $ $ Diddillibah/ Kiels Mountain/ Woombye/ etc. $ $ Bli Bli/ Burnside/ Montville/ Nambour/ etc. $ $ Marcoola/ Mudjimba/ Pacific Paradise/ etc. $ $ Alexandra Headland $ $ Coolum Beach/ Peregian Springs/ Yaroomba/ etc. $ $ Maroochy (inland region) $265 7 $ Ninderry/ North Arm/ Yandina/ Yandina Creek/ etc. $260 6 $260 5 Noosa (coastal region) $ $

22 22 sunshine coast 2 BEDROOM UNITS continued Rent New Rent New ($) Bonds ($) Bonds 4565 Boreen Point/Cootharaba/ Tewantin/ etc. $ $ Noosaville $ $ Noosa Heads/ Sunrise Bch/ Sunshine Bch/ etc. $ $ Noosa (inland region) $250 6 $ BEDROOM TOWNHOUSES continued Rent New Rent New ($) Bonds ($) Bonds Maroochy (coastal region) $ $ Buderim/ Forest Glen/ Sippy Downs/ Tanawha/ etc. $ $ Mooloolaba/ Mountain Creek $ $ Kuluin/ Maroochydore $ $ Bli Bli/ Burnside/ Montville/ Nambour/ etc. $330 7 n.a. 4 3 BEDROOM TOWNHOUSES SUNSHINE COAST REGIONAL COUNCIL AREA $ $ Caloundra (coastal region) $ $ Currimundi/ Golden Beach/ Moffat Beach/ etc. $ $ Caloundra (inland region) $ n.a Beerwah/ Coochin Creek/ Peachester/ etc. $290 9 n.a Marcoola/ Mudjimba/ Pacific Paradise/ etc. $ $ Coolum Beach/ Peregian Springs/ Yaroomba/ etc. $ $ Maroochy (inland region) n.a. 3 n.a. 0 Noosa (coastal region) $ $ Noosaville $400 9 $ Noosa Heads/ Sunrise Bch/ Sunshine Bch/ etc. $500 7 $440 6 Noosa (inland region) n.a. 0 n.a. 0 FRASER coast HOUSE AND UNIT MARKETS The Fraser Coast residential market is still experiencing easing conditions, however, more sales have occurred courtesy of sellers becoming more realistic about their asking prices. Auction clearance rates are also reportedly improving, while the high end of the market has seen increased activity. Overall, there still remains some uncertainty amongst buyers, particularly around interest rates and the general state of both the Australian and international economies. While the Fraser Coast in general experienced minimal damage from the flooding, the tourism industry is still recovering, with the misconception from interstate travellers that the region was flooded still prevalent as late as April this year. However, there are signs of confidence returning to the market with a number of buyers becoming aware that good buying opportunities are to be had. The resources industry is also expected to provide some benefit to the region, as a fly-in/fly-out option to Gladstone is reportedly being explored by the local council in a bid to boost local employment opportunities. Despite median prices easing, the majority of suburbs and towns showed steady - if not increased - preliminary sales numbers compared to both the March quarter this year, and the June quarter last year. While investors are present, owner-occupiers are the most prominent with demand for properties in the $400,000 and above improving. This is most notable in Granville and Scarness. Demand is also strong for the affordable end, with Pialba performing strongly, while mid-range properties are in oversupply. According to local real estate agents, the Fraser Coast unit market is still in oversupply to some degree with some new stock still sitting on the market. While preliminary sales have eased across the region, the region posted an increase of 2.5 per cent in its unit median to $266,500. Price point analysis shows the most activity occurred in the sub-$250,000 market, however new sales in Urangan however are continuing to tick over with the suburb recording an increase in preliminary sales over the quarter. A new development, the Domain, recorded four sales over the quarter with sales ranging from the high $200,000 s to mid-$300,000. VACANT LAND MARKET Demand for vacant land is currently low with the building boost initiative only receiving traction in the past month. The relative affordability of established homes compared to buying vacant land and building has deterred many buyers from the new housing market. However, some activity is still being recorded within new residential estates such as Augusta Heights where new stages have been released, while sales in subdivisions at Urraween and Wondunna remained steady. Acreage land recorded an increase in sales activity over the quarter. Although typically located off the coast, towns such as Glenwood are proving popular due to their relative affordability and lifestyle benefits. The town of Glenwood is ideally situated 30 minutes north of Gympie and 40 minutes south of Maryborough.

23 23 FRASER coast RENTAL MARKET The oversupply in the unit market has continued to influence the high vacancy rates in the region, particularly for those developments that had been intended for the holiday letting pool being made available to permanent tenants. However, good quality homes are still renting well, with demand steady for houses remaining strong. Median rents have remained steady across all property types according to RTA rents, despite the oversupply. The REIQ rental survey found vacancy rates to have tightened since the end of March, with Hervey Bay in particular recording a significant improvement to come in at 2.3 per cent. HOUSES FRASER COAST (LGA) ~ 164 $280, % $295, % 13.5% FRASER COAST (LGA) ^ ~ 36 $350, % $370, % 19.6% ELI WATERS ~ 11 $300, % $319, % 12.7% GLENWOOD ^ ~ 4 N/A N/A $215, % 33.4% GRANVILLE 9 $263,000 N/A $221, % 13.3% KAWUNGAN 9 $336, % $335, % 9.8% MARYBOROUGH ~ 27 $215, % $222, % 20.9% PIALBA 8 $269,250 N/A $293, % 12.7% POINT VERNON ~ 18 $275, % $302, % 10.0% SCARNESS ~ 12 $323,000 N/A $275, % 3.2% TINANA ~ * 4 N/A N/A $342, % 38.6% FRASER COAST HOUSE SALES <$350,000 $350,000+ $500, TORQUAY ~ 13 $290, % $315, % 5.0% URANGAN ~ 14 $285, % $318, % 13.6% URRAWEEN ~ 10 $319, % $335, % 7.7% UNITS & TOWNHOUSES FRASER COAST (LGA) - * 22 $266, % $270, % -1.0% PIALBA * f 0 N/A N/A $270, % 7.4% URANGAN - * 8 $283,900 N/A $321, % 14.9% VACANT LAND FRASER COAST (LGA) ~ * 28 $165, % $155, % 19.4% FRASER COAST (LGA) ^ ~ * 28 $77, % $96, % 48.1% GLENWOOD ^ ~ * 13 $70, % $78, % 59.2% FRASER COAST UNIT SALES <$250,000 $250,000+ $350,000+ $500, FRASER COAST LAND SALES <$250,000 $250,000+ $350, URRAWEEN 3 N/A N/A $169, % 16.9% WONDUNNA 3 N/A N/A $175, % 16.7% 3 BEDROOM HOUSES FRASER COAST REGIONAL COUNCIL AREA $ $ Maryborough region $ $ Hervey Bay region $ $ Hervey Bay/ Pialba/ Scarness/ Urangan $ $ Burrum/ Burrum Heads/ Howard $ $ BEDROOM UNITS FRASER COAST REGIONAL COUNCIL AREA $ $ Maryborough region $ $ Hervey Bay region $ $ Hervey Bay/ Pialba/ Scarness/ Urangan $ $ BEDROOM TOWNHOUSES Rent New Rent New ($) Bonds ($) Bonds FRASER COAST REGIONAL COUNCIL AREA $ $ Maryborough region n.a. 0 $ Hervey Bay region $ $ Hervey Bay/ Pialba/ Scarness/ Urangan $ $

24 24 bundaberg HOUSE AND UNIT MARKETS Bundaberg s median house price was steady at $280,000 over the June quarter. The number of preliminary house sales was down eight per cent compared to the previous quarter. REIQ accredited agencies said the quarter was characterised by low activity and reduced buyer confidence but the mood had brightened considerably over recent weeks. Over the quarter, the most significant activity was from investors, particularly mining employees. Since that time, the mood had brightened and buyers had become more confident the bottom of the market had passed. Buyers are particularly interested in the affordable end of the market and are picking up established properties for sub $200,000. However, the number of first home buyers continues to be low. The multibillion-dollar investment in mining in Central Queensland is starting to flow-through to the Bundaberg region, according to local agents, with the number of miners opting to live in the region and commute to Gladstone for their two to three week stints increasing. The local council is also reportedly considering a shuttle service from Bundaberg to Gladstone, which is about a two-and-a-half hour drive away. However, conversely, there is a number of ex-gladstone residents, not attached to the mining sector, who are relocating to Bundaberg given it is a more affordable place to live. Over the June quarter, a solid performer for median house price growth was Bundaberg South, which increased 9.2 per cent to $260,000. Avenell Heights recorded a 14.5 per cent median house price increase to $280,000, partly due to the varying quality of stock sold over the period. The median unit and townhouse price increased 14.5 per cent to $272,000 over the quarter however this was impacted by the varying quality of stock sold over the period. Over the year, the median unit and townhouse price decreased 5.7 per cent. VACANT LAND MARKET The median price of land decreased 4.8 per cent to $139,000 over the June quarter and was up 3.7 per cent over the year. The number of preliminary sales was down about seven per cent on the previous quarter. RENTAL MARKET The median weekly rent for a two-bedroom unit in Bundaberg decreased $5 to $200 between June this year and June The median rent for a three-bedroom house was steady at $260 per week over the same period. The residential rental vacancy rate increased to 4.3 per cent from 2.5 per cent between June and March. Property managers from REIQ accredited agencies say that properties are taking about two to four weeks to relet, with about two to five applicants per listing. They say well-maintained and presented properties are attracting a lower vacancy rate and better returns, however, the residential market was fairly quiet for the first six months of this year overall. There are currently ample properties available to rent with demand for properties priced over $350 per week in particular softening. HOUSES BUNDABERG (LGA) ~ 157 $280, % $282, % 26.7% BUNDABERG (LGA) ^ ~ 43 $346, % $345, % 32.2% AVENELL HEIGHTS ~ 9 $280, % $270, % 19.2% AVOCA 12 $314, % $308, % 23.2% BARGARA 21 $370, % $370, % 18.4% BRANYAN ^ 8 $352, % $357, % 16.1% BUNDABERG EAST 9 $265,000 N/A $265, % 23.3% BUNDABERG NORTH 9 $270, % $252, % 26.0% BUNDABERG SOUTH ~ 9 $260, % $245, % 28.9% BUNDABERG WEST ~ 6 N/A N/A $235, % 8.0% BURNETT HEADS ~ 4 N/A N/A $300, % 27.7% KALKIE 5 N/A N/A $361, % 34.0% KEPNOCK ~ 14 $250, % $274, % 22.1% MILLBANK 7 $224,500 N/A $254, % 22.1% NORVILLE 8 $226,000 N/A $233, % 25.6% SVENSSON HEIGHTS ~ 7 $265, % $247, % 32.8% THABEBAN 7 $275, % $275, % 39.8% WALKERVALE ~ 5 N/A N/A $228, % 30.8% UNITS & TOWNHOUSES BUNDABERG (LGA) ~ * f 21 $272, % $250, % 13.6% BARGARA * f 6 N/A N/A $370, % 1.4% VACANT LAND BUNDABERG (LGA) ~ 25 $139, % $140, % 22.8% BUNDABERG (LGA) ^ 17 $154,000 N/A $145, % 61.1% ASHFIELD 3 N/A N/A $145, % N/A BARGARA f 3 N/A N/A $156, % 4.0% MOORE PARK BEACH 2 N/A N/A $143,000 N/A N/A BUNDABERG HOUSE SALES <$350,000 $350,000+ $500,

25 25 BUNDABERG 3 BEDROOM HOUSES Rent New Rent New ($) Bonds ($) Bonds BUNDABERG REGIONAL COUNCIL AREA $ $ BUNDABERG UNIT SALES <$250,000 $250,000+ $350,000+ $500, Apple Tree Creek/ Childers/ Woodgate $ $ Bundaberg/ Avoca/ Bargara/ Burnett Heads/ etc. $ $ Gin Gin/ Mount Perry $ $ BEDROOM UNITS BUNDABERG REGIONAL COUNCIL AREA $ $ Bundaberg/ Avoca/ Bargara/ Burnett Heads/ etc. $ $ BEDROOM TOWNHOUSES BUNDABERG REGIONAL COUNCIL AREA $ $ Bundaberg/ Avoca/ Bargara/ Burnett Heads/ etc. $ $290 9 BUNDABERG LAND SALES <$250,000 $250,000+ $350, gladstone HOUSE AND UNIT MARKETS Gladstone was again the top performer for median house price growth across the State with its median house price increasing 6.1 per cent to $440,250 over the quarter. The region has recorded an impressive median house price increase of 10.8 per cent over the year ending June. The number of preliminary house sales was down about 10 per cent on the March quarter but this was due a lack of stock being available to sell. Indeed, local agents say the property market is struggling to keep up with demand from buyers. The Gladstone market is currently chasing its tail somewhat given it is physically impossible to develop land or unit complexes quickly enough to meet the current or future demand for property. Demand is coming from a broad spectrum of buyers including local, Queensland and inter-state investors in readiness for the multibillion-dollar investment in Gladstone s LNG industry that will attract thousands of workers over the next five to 10 years. Days on market are currently less than one week however agents say they haven t witnessed a drastic increase in the number of auctions being used as the primary selling technique, which is often the case in a hot market. But while the market is very strong, there are a number of downsides with the town generally struggling to keep up with the demand for new infrastructure, land, subdivisions and unit complexes. And local residents not involved in the mining sector are especially struggling given the increase in property and rental prices. The median unit and townhouse price increased 24.5 per cent over the quarter to $432,500 however this was due the higher-quality of stock sold over the period. Over the year, the median unit price was up 7.8 per cent. VACANT LAND MARKET The median price of land increased 10.3 per cent to $215,000 over the March quarter and was up 5.6 per cent over the year. The preliminary number of land sales was up 14 per cent on the previous quarter and was up a staggering 44 per cent on the same period last year. Local agents say builders and developers are buying whatever land is available. The Queensland Building Boost is expected to principally help with the affordability of land given it is now the most expensive region outside of South East Queensland to buy vacant land.

26 26 GLADSTONE RENTAL MARKET Gladstone s rental market is now near full capacity, according to property managers from REIQ accredited agencies. Its vacancy rate was 0.6 per cent at the end of June, down from 1.4 per cent at the end of March. Demand is far outstripping supply with rental listings taking less than a week on the market and attracting at least two to five applicants. Some agents are reporting an average of around 10 applicants per listing. Investors have also taken note of the current market conditions with an increase in activity both in the metropolitan area as well as the regional areas of Gladstone. Despite the current environment, the median weekly rent for a three-bedroom house in Gladstone increased $20 over the quarter, but was up $80 on the June quarter last year. The median rent for a two-bedroom unit increased $20 to $300 per week over the period, but was up $70 on the previous year. HOUSES GLADSTONE (LGA) 184 $440, % $410, % 67.3% GLADSTONE (LGA) ^ ~ 21 $525, % $520, % 68.3% BARNEY POINT 4 N/A N/A $322,500 N/A 86.4% TOOLOOA 4 N/A N/A $329,000 N/A 82.3% BOYNE ISLAND 13 $470, % $445, % 61.8% CALLIOPE * 24 $440, % $415, % 83.6% CLINTON 22 $440, % $405, % 62.0% GLEN EDEN 7 $482, % $455, % 92.4% KIN KORA ~ 10 $478, % $390, % 59.2% NEW AUCKLAND 22 $435, % $407, % 67.5% SOUTH GLADSTONE ~ 17 $545, % $380, % 65.2% SUN VALLEY ~ 7 $340, % $368,000 N/A 75.2% TANNUM SANDS ~ 11 $482, % $456, % 36.1% TELINA * ~ 10 $452, % $446, % 62.2% WEST GLADSTONE 15 $400, % $373, % 66.5% GLADSTONE HOUSE SALES <$350,000 $350,000+ $500,000+ UNITS & TOWNHOUSES GLADSTONE (LGA) - * f t 42 $443, % $345, % 105.4% GLADSTONE CITY * f 6 N/A N/A $370, % 146.7% SOUTH GLADSTONE * t 4 N/A N/A $274, % 132.2% TANNUM SANDS * 3 N/A N/A $316, % N/A TELINA * t 10 $462,500 N/A N/A N/A N/A WEST GLADSTONE * t 6 N/A N/A $289, % 84.1% VACANT LAND GLADSTONE (LGA) * 66 $215, % $190, % 65.2% GLADSTONE (LGA) ^ ~ * 25 $250, % $230, % 91.7% GLADSTONE UNIT SALES <$250,000 $250,000+ $350,000+ $500, AGNES WATER ~ f 5 $150,000 N/A $160, % -27.3% AGNES WATER ^ ~ 5 $170,000 N/A $147,000 N/A -0.7% BURUA ^ * 10 $251,500 N/A $250,000 N/A N/A CALLIOPE * 10 $185, % $169, % 156.1% CALLIOPE ^ * 1 N/A N/A $211, % 91.8% CLINTON * 4 N/A N/A $184,900 N/A 77.9% GLEN EDEN ~ * 8 $235, % $200, % 63.3% KIRKWOOD * 13 $220, % $198, % N/A NEW AUCKLAND * 14 $174,000 N/A $180,000 N/A 89.5% SOUTH GLADSTONE * 2 N/A N/A $200,000 N/A 83.5% GLADSTONE LAND SALES <$250,000 $250,000+ $350,

27 27 gladstone 3 BEDROOM HOUSES Rent New Rent New ($) Bonds ($) Bonds GLADSTONE REGIONAL COUNCIL AREA $ $ Agnes Water/ Miriam Vale $ $ Gladstone/ Boyne Island/ Clinton/ Kin Kora/ etc. $ $ BEDROOM UNITS Rent New Rent New ($) Bonds ($) Bonds GLADSTONE REGIONAL COUNCIL AREA $ $ Agnes Water/ Miriam Vale $240 7 n.a Gladstone/ Boyne Island/ Clinton/ Kin Kora/ etc. $ $ BEDROOM TOWNHOUSES GLADSTONE REGIONAL COUNCIL AREA $ $ Gladstone/ Boyne Island/ Clinton/ Kin Kora/ etc. $ $ ROCKHAMPTON HOUSE AND UNIT MARKETS Over the June quarter, sales volumes for the Rockhampton region were up, with increased first home buyer activity as well as investors beginning to return to the market. The sub $250,000 bracket - typically targeted by both these buyer types - has naturally seen the most action. As a result the overall median house price for the region was down 3.9 per cent to $312,250 over the June quarter. Gracemere in particular has been the target of many investors, speculating the overflow of demand from Gladstone coupled with the suburb being the last remaining with available land for development on the southern side of Rockhampton. Suburbs to draw the attention of first home buyers include Berserker, Park Avenue, Wandal and Allenstown, to name a few that all are affordably priced. While the affordable end is enjoying the limelight, the prestige end of the house market in Rockhampton is struggling a bit still, particularly in Norman Gardens where preliminary sales numbers declined over the June quarter. Yeppoon however bucked the trend, posting a solid result of increased sales activity and a steady increase of 1.2 per cent in its median house price. Overall, buyer and vendor sentiment is improving, with confidence creeping back into the market. The resources boom in nearby Gladstone, the building boost incentive and the prospect of lowered interest rates has provided the Rockhampton residential property market with some buoyancy. The unit market remains stable, with established units in particular holding its ground. Affordably priced units are attracting the most activity while new unit complexes with water views have seen easing demand. This combined has contributed to the overall fall in the Rockhampton median sale price for the quarter to $270,000. Sales at Yeppoon have held steady, with the annual median posting a strong increase thanks to some new developments that have sold well. With investors beginning to return to the market on the back of the strengthening resources industry, we can expect activity in the Rockhampton unit and townhouse market to continue to improve. VACANT LAND MARKET Vacant land sales in the Rockhampton region recorded a slight increase in sales activity, most notably for acreage sized allotments. Gracemere and Rockyview were most popular and are both located within 15 minutes drive of the CBD. For smaller-sized blocks, Lammermoor and Yeppoon saw an increase in activity while Zilzie s affordable land prices saw it record solid growth in both sales numbers and median price over the last financial year. With the late announcement of the building boost, local agents predict the flow on into the residential development market will be more prominent in September quarter figures. The region is expected to experience a jump in land sales in the coming months with more development applications - including those that have been on hold - on the rise again in response to increased enquiry levels. RENTAL MARKET Rockhampton rental demand remains very solid with a vacancy rate of 2 per cent. Historically, the region s rental market has remained around a healthy 3 per cent for some time now. Local agents report an increase in investor activity which has contributed to the slight increase in vacancy levels. Median weekly rents from the RTA recorded steady growth over the quarter with median weekly rents up for both three bedroom houses and two bedroom units. Number of bonds lodged however was down somewhat on the March quarter. Gracemere in particular, where investor activity has been strong for new homes, has contributed to the increase in the median weekly rent for houses in the area and also recorded an increase in bonds lodged.

28 28 ROCKHAMPTON HOUSES ROCKHAMPTON (LGA) 264 $312, % $320, % 45.5% ROCKHAMPTON (LGA) ^ ~ 34 $422, % $435, % 33.8% ALLENSTOWN ~ 7 $292, % $258, % 49.6% BERSERKER ~ 23 $238, % $252, % 46.0% COOEE BAY 2 N/A N/A $326,000 N/A 6.4% FRENCHVILLE ~ 26 $315, % $330, % 32.0% GRACEMERE 40 $342, % $330, % 37.5% GRACEMERE ^ 5 $530,000 N/A N/A N/A N/A KAWANA ~ 12 $320, % $317, % 32.8% 3 BEDROOM HOUSES Rent ($) New Bonds Rent ($) New Bonds ROCKHAMPTON REGIONAL COUNCIL AREA $ $ Rockhampton region $ $ Allenstown/ Depot Hill/ Rockhampton City/ etc. $ $ Berserker/ Park Avenue/ Norman Gardens/ etc. $ $ Livingstone region $ $ Coowonga/ Keppel Sands/ The Caves/ etc. $ $ Cooee Bay/ Rosslyn/ Taranganba/ Yeppoon/ etc. $ $ Emu Park/ Zilzie $ $ Mount Morgan $ $ KOONGAL ~ 9 $270,000 N/A $258, % 40.9% MOUNT MORGAN ~ 7 $135,000 N/A $125, % 39.7% NORMAN GARDENS ~ * 22 $385, % $450, % 48.0% PARK AVENUE 15 $260, % $260, % 36.8% PARKHURST 4 N/A N/A $331,500 N/A 46.0% ROCKHAMPTON CITY ~ 6 N/A N/A $205, % 47.0% TARANGANBA ~ 11 $345,000 N/A $366, % 15.4% THE RANGE ~ 17 $336, % $340, % 30.4% WANDAL ~ 7 $295, % $290, % 48.7% YEPPOON ~ 17 $427, % $393, % 31.2% ZILZIE 5 N/A N/A $368,750 N/A 17.1% 2 BEDROOM UNITS ROCKHAMPTON REGIONAL COUNCIL AREA $ $ Rockhampton region $ $ Allenstown/ Depot Hill/ Rockhampton City/ etc. $ $ Berserker/ Park Avenue/ Norman Gardens/ etc. $ $ Livingstone region $ $ Cooee Bay/ Rosslyn/ Taranganba/ Yeppoon/ etc. $ $ BEDROOM TOWNHOUSES ROCKHAMPTON REGIONAL COUNCIL AREA $300 9 $ UNITS & TOWNHOUSES ROCKHAMPTON (LGA) - * f 23 $270, % $283, % 45.5% YEPPOON - * f 7 $350,000 N/A $358, % 40.5% VACANT LAND ROCKHAMPTON (LGA) + * 58 $150, % $140, % 16.7% ROCKHAMPTON (LGA) ^ * 24 $223,000 N/A $205, % 60.2% GRACEMERE * 10 $136, % $135, % 53.4% GRACEMERE ^ 3 N/A N/A $185,000 N/A 76.2% ROCKHAMPTON UNIT SALES <$250,000 $250,000+ $350,000+ $500,000+ LAMMERMOOR + ~ * 9 $187,500 N/A $146, % 12.3% MULAMBIN + * f 2 N/A N/A $165, % 14.0% NORMAN GARDENS 6 $160, % $177, % 48.7% ROCKYVIEW ^ 5 $226,000 N/A $196, % 62.7% YEPPOON * G 13 $150,000 N/A $150, % 20.9% ZILZIE * 5 $140,000 N/A $170, % 17.2% ROCKHAMPTON HOUSE SALES <$350,000 $350,000+ $500,000+ ROCKHAMPTON LAND SALES <$250,000 $250,000+ $350,

29 29 MACKAY HOUSE AND UNIT MARKETS The median house price in Mackay recovered lost ground over the March quarter to post an increase of 4.4 per cent over the June quarter to $413,500, despite preliminary house sales numbers easing slightly. Solid performers include Bucasia and West Mackay, where house medians were up 6.6 and 5.1 per cent respectively, on the back of stable preliminary sales numbers. North Mackay and the beach side town of Seaforth proved most popular with an increase in sales activity over the quarter. Seaforth, 40 minutes drive north of Mackay recorded sales in a new residential estate, Seaforth Hills, as well as some prestige homes boasting ocean views. RENTAL MARKET Residential rental market in Mackay continues to remain very tight at 1.6 per cent while median weekly rents for three and four bedroom houses recorded steady growth. Local agents report a minimum of two to five applicants per rental listing, with some reporting up to 10 applicants. The level of demand is further evident in the time rental listings spend on the market with nearly every agent to take part in the survey reporting less than seven days. With the interest from investors returning to the market, this should help ease the demand-supply imbalance as more properties come into the rental pool. However, this is limited to how soon properties can come online. Over the last financial year, increased sales activity was recorded in Blacks Beach, Ooralea and Walkerston all of which have medians in the mid to high $400,000s. Local agents report an increase in investor activity with the resources industry continuing to go from strength to strength across the Central Queensland region. Although the Mackay unit market makes up for about 15 per cent of total sales on average each year, new developments spurred on by increased demand from investors, continue to record steady sales. In the CBD in particular, new units boasting water views are selling well, contributing to the suburb of Mackay s median increase of 27.1 per cent over the June quarter. Sales activity is up on the previous financial year, despite numbers easing somewhat over the June quarter. The gap in the market appears to be coming from the mid-range priced properties, with sales in the sub-$500,000 bracket down on the March quarter. VACANT LAND MARKET The Mackay land market recorded a jump in preliminary sales numbers over the quarter, almost tripling the number recorded during the first three months of the year, as developers successfully turn over stock before the end of the financial year. The majority of sales activity was recorded in the suburbs to the north of the city, such as Andergrove, Beaconsfield, Rural View, Eimeo, Bucasia and Blacks Beach. Beaconsfield in particular also recorded strong sales activity for the year, compared to the previous financial year, with the release of a new subdivision called Miraflores Estate. The building boost, which became available at the start of August, is expected to see the vacant land market in Mackay continue its strong performance seen over the quarter MACKAY HOUSE SALES <$350,000 $350,000+ $500, MACKAY UNIT SALES <$250,000 $250,000+ $350,000+ $500, MACKAY LAND SALES <$250,000 $250,000+ $350, TOWNSVILLE LAND SALES

30 30 ROCKHAMPTON MACKAY HOUSES MACKAY (LGA) 244 $413, % $408, % 21.8% MACKAY (LGA) ^ ~ 34 $500, % $485, % 28.0% ANDERGROVE 25 $410, % $393, % 13.9% BEACONSFIELD 11 $412, % $406, % 23.3% BLACKS BEACH 4 N/A N/A $480, % 10.8% BUCASIA 15 $442, % $429, % 19.3% EAST MACKAY ~ * 9 $405, % $425, % 23.7% EIMEO 14 $442, % $449, % 22.2% VACANT LAND continued BLACKS BEACH * f 6 $171,250 N/A $188, % -14.4% BUCASIA * 7 $175,000 N/A $173, % 23.0% EIMEO * 2 N/A N/A $186, % -4.4% MARIAN 7 $166,000 N/A $159, % 36.9% MIRANI * 6 $121,500 N/A $123,000 N/A N/A OORALEA ~ * 2 N/A N/A $202, % 12.0% RURAL VIEW * 4 N/A N/A $210, % 42.9% SARINA 2 N/A N/A $179, % 43.2% GLENELLA 13 $545, % $507, % 15.3% MACKAY 1 N/A N/A $377, % 15.5% MARIAN 6 N/A N/A $420, % 60.3% MOUNT PLEASANT ~ 11 $475, % $420, % 10.5% NORTH MACKAY ~ 20 $347, % $352, % 24.6% OORALEA ~ 11 $479, % $497, % 38.6% RURAL VIEW ~ 10 $477, % $460, % 17.9% SARINA 6 N/A N/A $305, % 32.8% SEAFORTH ~ f 7 $440,000 N/A N/A N/A N/A SLADE POINT ~ f 9 $416, % $371, % 17.8% SOUTH MACKAY 14 $363, % $370, % 19.4% WALKERSTON ~ 11 $386, % $442, % 16.9% WEST MACKAY 23 $373, % $370, % 19.7% 3 BEDROOM HOUSES Rent ($) New Bonds Rent ($) New Bonds MACKAY REGIONAL COUNCIL AREA $ $ Mackay Region $ $ Sarina/ Sarina Beach/ Armstrong Beach $ $ Andergrove/ Beaconsfield/ Mackay/ Ooralea/ etc. $ $ Ball Bay/ Eton/ Farleigh/ Pleystowe/ Seaforth/ etc. $ $ Bucasia/ Shoal Point $ $ Greenmount/ Palmyra/ Victoria Plains/ Walkerston $ $365 8 UNITS & TOWNHOUSES MACKAY (LGA) - ~ f 36 $309, % $300, % 27.7% MACKAY * f 9 $340, % $305, % 38.6% NORTH MACKAY 4 N/A N/A $290, % 28.2% SOUTH MACKAY 6 N/A N/A $293, % 27.4% VACANT LAND MACKAY (LGA) + * 73 $175, % $180, % 14.6% MACKAY (LGA) ^ 5 N/A N/A $287, % 26.7% ANDERGROVE + * 2 N/A N/A $154,000 N/A -12.0% BEACONSFIELD * 7 $210,400 N/A $212,200 N/A N/A 2 BEDROOM UNITS MACKAY REGIONAL COUNCIL AREA $ $ Mackay Region $ $ Sarina/ Sarina Beach/ Armstrong Beach $ $ Andergrove/ Beaconsfield/ Mackay/ Ooralea/ etc. $ $ Bucasia/ Shoal Point $315 8 $ BEDROOM TOWNHOUSES MACKAY REGIONAL COUNCIL AREA $ $ Mackay Region $ $ Andergrove/ Beaconsfield/ Mackay/ Ooralea/ etc. $ $ MACKAY TOWNSVILLE CITY HOUSE AND UNIT MARKETS The median house price in Townsville increased 3 per cent to $380,000 over the June quarter. The number of preliminary house sales was also up about 10 per cent on the previous quarter. According to local agents, the market had more than held its ground throughout the quarter and had continued to improve over recent weeks. Since about mid-july there has been more confidence overall with buyers being more active and prepared to buy, instead of just looking. Prospective buyers who had been biding their time and saving a deposit are reportedly now in a position to buy and are prepared to do so. Many buyers are more confident because interest rates appear to at least be on hold and many also believe that the Townsville property market has bottomed or at least plateaued. Sellers are also being more realistic and are pricing their homes accordingly to make a sale. Indeed one agent said that sellers have finally got the message that it is a fruitless exercise to list their property for sale unless they are prepared to meet the market on price.

31 31 MACKAY TOWNSVILLE CITY HOUSE AND UNIT MARKETS continued Solid performers over the June quarter included Kirwan and Wulguru. The median house price in Kirwan increased 3.2 per cent to $370,500 over the period, partly due to the sale of new housing stock, while he median house price in Wulguru increased 8.5 per cent to $320,000. The median price of Townsville units and townhouses decreased 5.1 per cent to $297,500 over the quarter. Preliminary sales numbers were also down 7 per cent compared to the previous quarter. The Townsville unit and townhouse market continues to be challenging, according to local agents, with an oversupply of stock dragging down prices. VACANT LAND MARKET The median price of land increased 3.8 per cent to $163,000 over the quarter. Over the year ending June, the median price decreased 1.7 per cent. The number of preliminary sales was up about 37 per cent on the March quarter but this came off a low base of 63 preliminary land sales. Over the year, the number of urban land sales is down 27 per cent. Local agents expect the Queensland Building Boost to gain reasonable traction in the region, especially amongst first home buyers who are significant purchasers of new house and land in Townsville and surrounds. RENTAL MARKET The median rent for a three-bedroom house in Townsville increased $5 to $335 per week between June 2011 and June last year. The median weekly rent for a two-bedroom unit was steady at $270 over the same period. The residential rental vacancy rate for Townsville increased from 2 per cent to 3.7 per cent between June and March this year. According to local property managers, the majority of vacancies are taking between two and four weeks to relet and are attracting between two and five applications. HOUSES TOWNSVILLE CITY (LGA) 384 $380, % $375, % 38.9% TOWNSVILLE CITY (LGA) ^ ~ 37 $470, % $442, % 34.8% AITKENVALE ~ 11 $316, % $342, % 37.0% ALICE RIVER ^ ~ 7 $515, % $477, % 30.1% ANNANDALE 28 $461, % $463, % 30.6% BLACK RIVER ^ 5 $365,000 N/A N/A N/A N/A BLUEWATER PARK ^ ~ 4 N/A N/A $390, % 34.5% BOHLE PLAINS * 34 $433, % $440, % N/A BURDELL * 12 $405,000 N/A $428, % 57.5% BUSHLAND BEACH ~ * 21 $419, % $412, % 17.5% CONDON 8 $347, % $330, % 29.4% CRANBROOK 9 $310, % $325, % 37.7% CURRAJONG ~ 8 $244,000 N/A $290, % 21.3% DEERAGUN 6 N/A N/A $350, % 70.3% DOUGLAS ~ 16 $383, % $416, % 32.3% GARBUTT 4 N/A N/A $290,000 N/A 31.8% GULLIVER 6 N/A N/A $305, % 33.8% HEATLEY 5 N/A N/A $295, % 28.4% HERMIT PARK ~ 9 $400, % $372, % 38.0% IDALIA ~ f 12 $486, % $483, % 24.6% KELSO ^ 3 N/A N/A $455, % 30.0% KELSO ~ 27 $385, % $354, % 58.4% KIRWAN * 52 $370, % $363, % 23.3% MOUNT LOUISA 18 $392, % $413, % 30.0% MOUNT LOW * 3 N/A N/A $396,000 N/A N/A MUNDINGBURRA 12 $377,750 N/A $373, % 30.6% NORTH WARD 7 $456,000 N/A $585, % 17.0% RAILWAY ESTATE ~ 5 N/A N/A $329, % 21.0% RASMUSSEN 4 N/A N/A $297, % 29.9% THURINGOWA CENTRAL 3 N/A N/A $347, % 33.4% VINCENT 9 $282, % $282, % 25.3% WEST END ~ 15 $290, % $360, % 35.3% WULGURU 11 $320, % $315, % 31.5% TOWNSVILLE HOUSE SALES <$350,000 $350,000+ $500,000+ TOWNSVILLE UNIT SALES <$250,000 $250,000+ $350,000+ $500,

32 32 ROCKHAMPTON TOWNSVILLE CITY UNITS & TOWNHOUSES TOWNSVILLE CITY (LGA) - * f 70 $306, % $314, % 28.9% HERMIT PARK 3 N/A N/A $227, % 33.8% KIRWAN * t 7 $303, % $280, % 34.0% NORTH WARD ~ f 17 $341, % $360, % 30.9% SOUTH TOWNSVILLE * f 11 $398, % $418, % 31.7% TOWNSVILLE CITY * f 6 N/A N/A $425, % 11.3% WEST END 3 N/A N/A $300, % 64.4% 3 BEDROOM HOUSES Rent New Rent New ($) Bonds ($) Bonds TOWNSVILLE CITY COUNCIL AREA $ $ Townsville Region $ $ Belgian Gardens/ Castle Hill/ Townsville City/ etc. $ $ Cluden/ Idalia/ Oak Valley/ Stuart/ Wulguru/ etc. $ $ Currajong/ Gulliver/ Mundingburra/ Rosslea/ etc. $ $ Aitkenvale/ Cranbrook/ Douglas/ Mt Louisa/ etc. $ $ Horseshoe Bay/ Nelly Bay/ Picnic Bay/ etc. $ $ Thuringowa Region $ $ VACANT LAND TOWNSVILLE CITY (LGA) * 63 $163, % $160, % 37.8% TOWNSVILLE CITY (LGA) ^ * ~ 10 N/A N/A $227, % 82.0% BOHLE PLAINS * 7 $150,500 N/A $160, % 42.7% 4815 Condon/ Kelso/ Pinnacles/ Rasmussen/ etc. $ $ Balgal Beach/ Paluma/ Rollingstone/ etc. $220 9 $ Alice River/ Kirwan/ Thuringowa Central/ etc. $ $ Black River/ Bushland Bch/ Deeragun/ Mt Low/ etc. $ $ BURDELL * 4 N/A N/A $172, % 102.4% BUSHLAND BEACH 11 $150, % $152, % 41.1% DEERAGUN * 6 $158,325 N/A $160, % 101.1% IDALIA * 5 $265,900 N/A $242, % 51.9% KELSO 2 N/A N/A $148, % 40.5% MOUNT LOUISA 7 $175,000 N/A $170, % 27.8% MOUNT LOW * 7 $162, % $145, % 10.7% 2 BEDROOM UNITS TOWNSVILLE CITY COUNCIL AREA $ $ Townsville Region $ $ Belgian Gardens/ Castle Hill/ Townsville City/ etc. $ $ Cluden/ Idalia/ Oak Valley/ Stuart/ Wulguru/ etc. $ $ Currajong/ Gulliver/ Mundingburra/ Rosslea/ etc. $ $ Aitkenvale/ Cranbrook/ Douglas/ Mt Louisa/ etc. $ $ TOWNSVILLE LAND SALES <$250,000 $250,000+ $350, Horseshoe Bay/ Nelly Bay/ Picnic Bay/ etc. $ $ Thuringowa Region $ $ Condon/ Kelso/ Pinnacles/ Rasmussen/ etc. $240 9 $ Alice River/ Kirwan/ Thuringowa Central/ etc. $ $ BEDROOM TOWNHOUSES TOWNSVILLE CITY COUNCIL AREA $ $ Townsville Region $ $ Belgian Gardens/ Castle Hill/ Townsville City/ etc. $ $ Currajong/ Gulliver/ Mundingburra/ Rosslea/ etc. $ $ Aitkenvale/ Cranbrook/ Douglas/ Mt Louisa/ etc. $265 6 $305 5 Thuringowa Region n.a. 0 $250 9 MACKAY CAIRNS HOUSE AND UNIT MARKETS The median house price in Cairns dropped 5.6 per cent to $346,500 over the June quarter however over the year ending June the median house price recorded a 0 per cent change. According to local agents, the June quarter continued to be impacted by low consumer confidence which was compounded by the poor tourism sector and the high Australian dollar. The announcement that the principal place of residence concession on stamp duty would be removed from 1 August had also not stimulated the market in any meaningful way before that date. Agents say the majority of people are just not in a position to buy because either they can t secure finance; they aren t confident about their jobs or the economy; or they would have to take too much of financial hit if they sold their existing property now to buy something else. They say confidence levels need to drastically improve and the Aussie dollar needs to stabilise before the market picks up in any meaningful way in Cairns. Over the year ending June, Freshwater recorded median house price growth of 13.5 per cent to $499,500, but this was partly due to the varying quality of stock sold over the period.

33 33 MACKAY CAIRNS HOUSE AND UNIT MARKETS continued Nestled between rolling hills, a national park and a conservation park, Freshwater is a quiet, leafy suburb, which is popular with families. The area is well serviced by transport infrastructure - Cairns Airport is only 5km away and Freshwater Connection train station, which ferries tourists along the Kuranda Scenic Railway, is centrally located. The median unit and townhouse price in Cairns decreased 2.4 per cent to $225,000 over the June quarter. There has been significant softening in prices of units and townhouses in Cairns with reports of units selling for close to their purchase price off-the-plan from the 1990s. This coupled with a shift towards more affordably priced units has contributed to the reduction in median sale price over the quarter and last financial year. The new Majestic Palms complex at Yorkeys Knob however continued to tick over more sales. Popular with interstate investors, the complex adjoins the Half Moon Bay Golf Course and is close proximity to all amenities. VACANT LAND MARKET The median price of land decreased 5.9 per cent to $168,500 over the June quarter. Local agents don t anticipate that the Queensland Building Boost will gain much traction in the region given the general softness of the sales market would make it difficult for second and third home owners to sell their existing property to upgrade to a new home. New house and land packages also generally remain out of the financial reach of first home buyers. HOUSES CAIRNS (LGA) ~ 240 $346, % $365, % 23.3% CAIRNS (LGA) ^ 12 N/A N/A $575, % 16.2% BAYVIEW HEIGHTS 4 N/A N/A $350, % 18.2% BENTLEY PARK ~ 17 $310, % $324, % 21.2% BRINSMEAD 15 $410, % $398, % 17.8% CLIFTON BEACH ~ 3 N/A N/A $440, % 11.4% EARLVILLE ~ 8 $292,500 N/A $300, % 8.3% EDGE HILL 8 $427, % $448, % 24.4% EDMONTON ~ * 10 $296, % $315, % 23.5% FRESHWATER ~ 4 N/A N/A $499, % 26.9% GORDONVALE ~ 8 $320,000 N/A $280, % 19.1% HOLLOWAYS BEACH 4 N/A N/A $350, % 18.4% KANIMBLA 6 N/A N/A $455, % 23.0% KEWARRA BEACH ~ f 12 $312, % $390, % 20.6% MANOORA 5 N/A N/A $281, % 21.1% MANUNDA ~ 6 N/A N/A $290, % 17.6% MOOROOBOOL ~ 13 $270, % $330, % 24.5% MOUNT SHERIDAN ~ 21 $325, % $331, % 14.3% PARRAMATTA PARK 4 N/A N/A $395, % 20.1% PORT DOUGLAS ~ f 4 N/A N/A $475, % -7.6% REDLYNCH ~ 18 $367, % $397, % 11.9% SMITHFIELD 5 N/A N/A $360, % 29.7% TRINITY BEACH 9 $365, % $370, % 13.8% TRINITY PARK + 13 $380, % $380, % N/A WHITE ROCK 4 N/A N/A $288, % 25.3% WHITFIELD 11 $396, % $460, % 36.1% WOREE ~ 3 N/A N/A $291, % 16.0% RENTAL MARKET The median rent in Cairns for a two-bedroom unit remained steady at $250 per week between June 2011 and June The median rent for a three-bedroom house increased $10 to $310 per week over the same period. The residential rental vacancy rate in Cairns remained steady in June, decreasing to 3.7 per cent from 3.8 per cent in March. Local property managers say vacancies are taking about two to four weeks to relet with about two to five applications per vacancy. CAIRNS HOUSE SALES <$350,000 $350,000+ $500,

34 34 ROCKHAMPTON CAIRNS UNITS & TOWNHOUSES CAIRNS (LGA) - * f 121 $225, % $252, % 14.8% BUNGALOW ~ 5 N/A N/A $178, % 11.3% CAIRNS CITY * f 14 $387, % $467, % 41.4% CAIRNS NORTH * f 12 $236, % $268, % 8.6% CLIFTON BEACH * 3 N/A N/A $275, % -6.6% EARLVILLE 1 N/A N/A $257, % 77.6% EDGE HILL 4 N/A N/A $212, % 51.8% MANOORA ~ t 7 $150,000 N/A $161, % 0.2% MANUNDA * 6 N/A N/A $175, % 29.6% MOOROOBOOL 2 N/A N/A $210, % 32.1% PALM COVE - * t f 9 $247, % $327, % -25.3% PARRAMATTA PARK ~ 4 N/A N/A $240, % 18.7% PORT DOUGLAS - * f t 4 N/A N/A $296, % -5.9% TRINITY BEACH - * f 8 $238, % $275, % 22.2% YORKEYS KNOB * 3 N/A N/A $243, % 39.1% VACANT LAND CAIRNS (LGA) ~ 52 $168, % $175, % 56.3% CAIRNS (LGA) ^ ~ 8 N/A N/A $235, % 98.7% GORDONVALE * 0 N/A N/A $124, % 23.3% MOOROOBOOL * g 2 N/A N/A $181,500 N/A N/A MOUNT SHERIDAN 6 $162,500 N/A $178, % 69.5% REDLYNCH * 9 $179,000 N/A $175, % 28.7% SMITHFIELD ~ * 6 $165,000 N/A $188, % -11.9% TRINITY BEACH * 5 $162,500 N/A $165, % N/A TRINITY PARK + * f 11 $175,000 N/A $186, % -5.8% CAIRNS UNIT SALES <$250,000 $250,000+ $350,000+ $500, BEDROOM HOUSES CAIRNS REGIONAL COUNCIL AREA $ $ Cairns Region $ $ Babinda/ Bartle Frere $ n.a Goldsborough/ Gordonvale/ Green Hill/ etc. $ $ Bayview Heights/ Mount Sheridan/ White Rock/ etc. $ $ Bentley Park/ Edmonton/ Mt Peter/ etc. $ $ Cairns & suburbs of Cairns $ $ Caravonica/ Holloways Beach/ Machans Bch/ etc. $ $ Clifton Beach/ Kewarra Beach/ Palm Cove/ etc. $ $ Douglas Region $ $ Mossman/ Cooya Beach/ Cow Bay/ Miallo/ etc $ $ Port Douglas/ Craiglie/ Mowbray/ Oak Beach $ $ BEDROOM UNITS CAIRNS REGIONAL COUNCIL AREA $250 1,063 $250 1,026 Cairns Region $ $ Bayview Heights/ Mount Sheridan/ White Rock/ etc. $ $ Bentley Park/ Edmonton/ Mt Peter/ etc. $ $ Cairns & suburbs of Cairns $ $ Caravonica/ Holloways Beach/ Machans Bch/ etc. $ $ Clifton Beach/ Kewarra Beach/ Palm Cove/ etc. $ $ Douglas Region $ $ Mossman/ Cooya Beach/ Cow Bay/ Miallo/ etc $ $ Port Douglas/ Craiglie/ Mowbray/ Oak Beach $ $ BEDROOM TOWNHOUSES Rent New Rent New ($) Bonds ($) Bonds CAIRNS REGIONAL COUNCIL AREA $ $ Cairns Region $ $ Bayview Heights/ Mount Sheridan/ White Rock/ etc. $ $ Bentley Park/ Edmonton/ Mt Peter/ etc. $ $ Cairns & suburbs of Cairns $ $ Caravonica/ Holloways Beach/ Machans Bch/ etc. $ $ Clifton Beach/ Kewarra Beach/ Palm Cove/ etc. $ $ Douglas Region $ $ Port Douglas/ Craiglie/ Mowbray/ Oak Beach $ $ CAIRNS LAND SALES <$250,000 $250,000+ $350,

35 35 MACKAY OTHER REGIONAL HOUSE AND UNIT MARKETS The booming resources sector is behind the top performance of the Isaac local government area over the June quarter. The Isaac LGA is located in the resourcerich Central Queensland region. Its median house price increased an impressive 9.4 per cent to $459,500 over the period. within the LGA also posted strong results with Dysart up 5.2 per cent to $462,000 and Moranbah up 12.6 per cent to $490,000. The number of preliminary house sales also increased by about 30 per cent over the quarter. The second best regional performer was Gympie, which posted a 7.3 median house price increase to $263,000 over the quarter. Gympie is located on the Bruce Highway 167km north of Brisbane and is popular with families, couples and retirees. While the area is well known for its gold mining history and heritage, the area has benefited from economic migrants, seeking to escape the higher house prices of the Sunshine Coast. The main housing style in Gympie is older style miners' cottages, many of which have been renovated. There is a mix of architectural styles available, however, including traditional and renovated Queenslanders and colonials, post-war, chamferboard, and brick-and-tile houses. VACANT LAND MARKET The patchy nature of vacant land sales in regional areas means there weren t enough sales either in the June or March quarters for most areas to record a quarterly median land price. Over the year ending June, however, Maranoa was the top performer. The region, located in the Surat Basin Energy Province, posted a 60 per cent median land price to $120,000. HOUSES continued CENTRAL HIGHLANDS (LGA) 86 $365, % $360, % 34.2% CENTRAL HIGHLANDS (LGA) ^ ~ 14 N/A N/A $491, % 37.3% BLACKWATER ~ 28 $345, % $345, % 53.3% EMERALD 50 $394, % $382, % 23.0% EMERALD ^ ~ 8 $640, % $563, % 23.8% CHARTERS TOWERS (LGA) ~ 10 N/A N/A $200, % 73.9% CHARTERS TOWERS (LGA) ^ ~ 6 N/A N/A $400, % 86.0% LISSNER 3 N/A N/A $191,000 N/A 66.1% GOONDIWINDI (LGA) ~ 10 N/A N/A $215, % 19.4% GOONDIWINDI ~ 5 N/A N/A $257, % 16.0% GYMPIE (LGA) ~ 71 $263, % $275, % 20.9% GYMPIE (LGA) ^ ~ 35 $375, % $358, % 25.8% CURRA ^ 0 N/A N/A $303, % 35.0% GYMPIE ~ 33 $250, % $245, % 11.4% SOUTHSIDE ~ 17 $299,000 N/A $310, % 20.6% TIN CAN BAY ~ 11 $345,000 N/A $358, % 23.6% WIDGEE ^ 5 $375,000 N/A N/A N/A N/A HINCHINBROOK (LGA) ~ 8 N/A N/A $250, % 64.8% INGHAM 3 N/A N/A $245, % 75.0% ISAAC (LGA) 62 $459, % $441, % 51.5% CLERMONT ~ 13 $250,000 N/A $240, % 66.7% DYSART 13 $462, % $445, % 81.6% MORANBAH ~ 31 $490, % $473, % 47.8% LOCKYER VALLEY (LGA) 12 N/A N/A $271, % 46.6% LOCKYER VALLEY (LGA) ^ ~ 29 $318, % $342, % 37.0% GATTON 4 N/A N/A $286, % 44.9% KENSINGTON GROVE ^ ~ 2 N/A N/A $348, % 45.3% LAIDLEY 7 $230,000 N/A $262, % 50.0% HOUSES BALONNE (LGA) 6 N/A N/A $165, % 26.9% LAIDLEY HEIGHTS ^ ~ 2 N/A N/A $316, % 34.5% REGENCY DOWNS ^ ~ 4 N/A N/A $315, % 35.2% LONGREACH (LGA) 12 N/A N/A $232, % 68.3% LONGREACH 11 $220,000 N/A $246, % 76.1% MARANOA (LGA) 28 $271, % $280, % 86.7% BANANA (LGA) ~ 25 $238, % $275, % 42.5% ROMA 26 $275, % $290, % 71.6% BILOELA ~ 17 $270, % $288, % 29.4% MOUNT ISA (LGA) 40 $351, % $345, % 83.5% BURDEKIN (LGA) ~ 19 $210, % $240, % 65.5% AYR ~ 12 $217, % $267, % 72.4% HEALY ~ 7 $425, % $402, % 76.7% MORNINGTON ~ 3 $310,000 N/A $350, % 91.3% SOLDIERS HILL 5 $353,000 N/A $330, % 81.3% CASSOWARY COAST (LGA) ~ 18 $193,750 N/A $255, % 37.8% CASSOWARY COAST (LGA) ^ 3 N/A N/A $367, % 41.3% SUNSET 4 $386,500 N/A $343, % 75.9% TOWNVIEW ~ 7 $350,000 N/A $356, % 87.4%

36 36 OTHER REGIONAL HOUSES continued MURWEH (LGA) 9 N/A N/A $135, % 68.8% CHARLEVILLE ~ 7 N/A N/A $152, % 69.4% HOUSES continued WHITSUNDAY (LGA) ~ 49 $297, % $365, % 37.7% WHITSUNDAY (LGA) ^ ~ 11 N/A N/A $462, % 22.0% BOWEN ~ 13 $300, % $370, % 54.2% NORTH BURNETT (LGA) 11 N/A N/A $155, % 30.8% NORTH BURNETT (LGA) ^ ~ 5 N/A N/A $190, % 16.9% CANNONVALE ~ 9 $498, % $436, % 3.8% COLLINSVILLE * 6 N/A N/A $180,000 N/A 71.4% JUBILEE POCKET 5 N/A N/A $410,000 N/A 10.8% SCENIC RIM (LGA) 35 $385, % $382, % 35.6% SCENIC RIM (LGA) ^ ~ 18 $417, % $465, % 19.2% BEAUDESERT 8 $310,000 N/A $330, % 37.5% TAMBORINE MOUNTAIN ~ 17 $480, % $465, % N/A UNITS & TOWNHOUSES CENTRAL HIGHLANDS (LGA) 6 N/A N/A $296, % 24.4% EMERALD 5 N/A N/A $297, % 24.8% TAMBORINE MOUNTAIN ^ ~ 1 N/A N/A $705, % -2.8% WHITSUNDAY (LGA) * f 11 N/A N/A $320, % 0.5% SOMERSET (LGA) ~ 9 N/A N/A $250, % 42.9% CANNONVALE * t 5 N/A N/A $301, % 3.9% SOMERSET (LGA) ^ ~ 16 $347,500 N/A $362, % 29.5% LOWOOD 3 N/A N/A $190,000 N/A 8.6% LOWOOD ^ ~ 2 N/A N/A $362, % 45.6% VACANT LAND BANANA (LGA) 4 N/A N/A $130,000 N/A 108.0% BILOELA 4 N/A N/A $130,000 N/A 73.3% SOUTH BURNETT (LGA) ~ 37 $220, % $220, % 29.4% SOUTH BURNETT (LGA) ^ ~ 28 $270, % $288, % 37.1% KINGAROY 21 $237, % $254, % 28.3% CASSOWARY COAST (LGA) 9 N/A N/A $145, % 47.3% CASSOWARY COAST (LGA) ^ 4 N/A N/A $175, % 64.4% KINGAROY ^ ~ 9 $425, % $399, % 26.6% MURGON ~ 5 N/A N/A $179, % 38.8% NANANGO 4 N/A N/A $215, % 30.3% CENTRAL HIGHLANDS (LGA) 18 $105,000 N/A $130, % 19.3% CENTRAL HIGHLANDS (LGA) ^ 2 N/A N/A $222, % 23.5% BLACKWATER * 4 N/A N/A $150, % N/A SOUTHERN DOWNS (LGA) 50 $257, % $250, % 38.9% SOUTHERN DOWNS (LGA) ^ ~ 26 $302, % $331, % 29.0% CAPELLA * 6 $102,500 N/A $105,000 N/A 101.9% EMERALD * 5 $142,000 N/A $145, % 26.6% STANTHORPE 13 $280, % $253, % 41.7% WARWICK 24 $262, % $254, % 35.7% GYMPIE (LGA) 26 $127,500 N/A $124, % 34.8% GYMPIE (LGA) ^ ~ * 18 $125, % $139, % 15.8% TABLELANDS (LGA) ~ 28 $270, % $296, % 44.5% TABLELANDS (LGA) ^ ~ 24 $370, % $383, % 21.8% CURRA ^ ~ * 3 N/A N/A $99, % 17.6% GYMPIE * 9 $130,000 N/A $130, % 46.1% ATHERTON ~ 9 $285, % $316, % 31.9% KURANDA ^ ~ 1 N/A N/A $425, % 17.2% MAREEBA 11 $280, % $285, % 62.9% ISAAC (LGA) ~ * 9 N/A N/A $156, % 114.9% MORANBAH ~ * 6 $168, % $168, % 131.4% WEIPA (LGA) 3 N/A N/A $400, % 81.4% LOCKYER VALLEY (LGA) 4 N/A N/A $129, % 61.3% LOCKYER VALLEY (LGA) ^ ~ * 19 $130, % $145, % 61.1% WESTERN DOWNS (LGA) ~ 54 $235, % $262, % 54.1% WESTERN DOWNS (LGA) ^ 17 $435,000 N/A $395, % 132.4% CHINCHILLA ~ 21 $250, % $288, % 45.5% LAIDLEY * 1 N/A N/A $132, % N/A LAIDLEY NORTH * 1 N/A N/A $129, % N/A REGENCY DOWNS ^ * 4 N/A N/A $153, % 86.6% CHINCHILLA ^ 6 $456,000 N/A $435, % 68.9% DALBY ~ 14 $215, % $250, % 42.0% DALBY ^ 9 $460,000 N/A $427, % 44.4% MARANOA (LGA) ~ * 2 N/A N/A $120, % 140.0% ROMA ~ * 2 N/A N/A $127,500 N/A 126.7% SCENIC RIM (LGA) 5 N/A N/A $190, % 58.3% SCENIC RIM (LGA) ^ ~ * 8 N/A N/A $200, % 18.7%

37 37 OTHER REGIONAL VACANT LAND continued SOMERSET (LGA) 7 N/A N/A $131, % 65.7% SOMERSET (LGA) ^ * 6 N/A N/A $187, % 33.9% FERNVALE * 5 $147,000 N/A $145, % N/A LOWOOD * G 1 N/A N/A $125, % 58.7% 3 BEDROOM HOUSES continued Rent ($) New Bonds Rent ($) New Bonds GYMPIE REGIONAL $ $ Cooloola region $ $ Gympie/ Curra/ Imbil/ Monkland/ Southside/ etc. $ $ Cooloola/ Tin Can Bay $ $ Rainbow Beach/ Inskip $260 5 $300 5 SOUTH BURNETT (LGA) ~ 14 N/A N/A $80, % 77.8% Kilkivan region $180 9 $ SOUTH BURNETT (LGA) ^ 17 $109,500 N/A $105, % 72.1% KINGAROY * 4 N/A N/A $110, % 46.7% MEMERAMBI * 4 N/A N/A $80,000 N/A N/A ISAAC REGIONAL $ $ Belyando/ Clermont/ etc. $ $ Burton/ Nebo/ Oxford/ etc. $380 8 $350 7 SOUTHERN DOWNS (LGA) 22 $100,000 N/A $92, % 53.3% SOUTHERN DOWNS (LGA) ^ ~ 13 N/A N/A $140, % 35.9% ROSENTHAL HEIGHTS * 4 N/A N/A $92,500 N/A N/A 4744 Moranbah $ $ Dysart $1, $ Mays Down/ Middlemount $600 6 n.a. 3 WARWICK 8 $100, % $96, % 47.7% LOCKYER VALLEY REGIONAL $ $ TABLELANDS (LGA) ~ 7 N/A N/A $103, % 43.4% TABLELANDS (LGA) ^ 13 N/A N/A $190, % 58.3% KURANDA ^ 1 N/A N/A $157,000 N/A 22.7% 4341 Hatton Vale/ Laidley/ Regency Downs/ etc. $ $ Forest Hill/ Glenore Grove/ Lockrose/ etc. $ $ Adare/ Gatton/ Woodlands/ etc. $ $ MAREEBA 3 N/A N/A $101, % 48.5% MAREEBA ^ 3 N/A N/A $155,000 N/A 85.6% SCENIC RIM REGIONAL $ $ Tamborine $400 5 $380 9 WESTERN DOWNS (LGA) 11 N/A N/A $120, % 105.1% WESTERN DOWNS (LGA) ^ 17 $60,000 N/A $110, % 214.3% CHINCHILLA * 6 $137,500 N/A $125, % 110.4% CHINCHILLA ^ ~ * 1 N/A N/A $140, % 43.6% DALBY ^ 3 N/A N/A $110, % 51.7% TARA ^ ~ * 5 $35,000 N/A $39, % 88.1% 4271 Eagle Heights $ $ Tamborine Mountain $ $ Biddaddaba/ Boyland/ Canungra/ etc. $360 7 $ Beaudesert/ Cedar Vale/ Kooralbyn/ etc. $ $ Aratula/ Kalbar $260 8 $ Boonah/ Duganden/ Mt Alford $ $ WHITSUNDAY (LGA) ~ * 41 $130,000 N/A $150, % 10.1% BOWEN * 18 $143,750 N/A $159, % 32.5% CANNONVALE * 8 $108,750 N/A $130, % -42.2% SOMERSET REGIONAL $ $ Clarendon/ Coominya/ Lowood/ etc. $ $ Esk/ Eskdale/ Caboonbah/ etc. $ $ Toogoolawah/ Cressbrook/ Ottaba/ etc. $ n.a. 2 3 BEDROOM HOUSES Rent New Rent New ($) Bonds ($) Bonds CASSOWARY COAST REGIONAL $ $ Cardwell/ Hinchinbrook/ etc. $290 9 $ Mission Beach/ Wongaling Beach/ etc. $ $ Kilcoy/ Glenfern/ Sandy Creek/ etc. $ $ SOUTH BURNETT REGIONAL $ $ Cherbourg/ Murgon/ Oakdale/ etc. $ $ Fairdale/ Greenview/ Wondai/ etc. $ $ Charlestone/ Tingoora/ Wilkesdale/ etc. $195 6 $ Kingaroy/ Memerambi/ Wattle Grove/ etc. $ $ Nanango/ Brooklands/ Tarong/ etc. $ $ Bulgun/ Silky Oak/ Tully/ etc. $ $ Etty Bay/ Mourilyan/ etc. $220 5 n.a East Innisfail/ Innisfail/ Jubilee Heights/ etc. $ $ SOUTHERN DOWNS REGIONAL $ $ Allora/ Ellinthorp/ Goomburra/ etc. $200 5 n.a Rosenthal Heights/ Mount Colliery/ Warwick/ etc. $ $ CENTRAL HIGHLANDS REGIONAL $ $ Blackwater $ $ Killarney/ The Falls/ The Head $200 9 n.a Stanthorpe/ Amiens/ etc. $ $ Emerald/ Yamala $ $ Capella/ Lilyvale/ etc. $380 8 $330 13

38 38 OTHER REGIONAL 3 BEDROOM HOUSES continued Rent New Rent New ($) Bonds ($) Bonds TABLELANDS REGIONAL $ $ Dimbulah/ Kairi/ Mt Garnett/ Tinaroo/ Walkamin $300 5 $ Mareeba/ Biboohra $ $ BEDROOM UNITS continued Rent New Rent New ($) Bonds ($) Bonds SOUTH BURNETT REGIONAL $ $ Kingaroy/ Memerambi/ Wattle Grove/ etc. $ $ Nanango/ Brooklands/ Tarong/ etc. $145 6 $ Kuranda/ Koah/ Speewah $ $ Tolga $300 6 $ Atherton/ Upper Baron $ $ Yungaburra/ Lake Eacham $ $320 5 SOUTHERN DOWNS REGIONAL $ $ Rosenthal Heights/ Mount Colliery/ Warwick/ etc. $ $ Stanthorpe/ Amiens/ etc. $ $ Malanda/ Tarzali/ Jaggan $ $ Ravenshoe/ Evelyn/ Millstream $ $ TABLELANDS REGIONAL $ $ Mareeba/ Biboohra $ $ WESTERN DOWNS REGIONAL $ $ Dalby/ Blaxland/ Tipton etc. $ $ Kuranda/ Koah/ Speewah n.a Atherton/ Upper Baron $ $ Chinchilla/ Hopeland/ Montrose/ etc. $ $ Miles/ Myall Park/ etc. $260 5 $ Wandoan/ Cockatoo/ Grosmont $220 8 n.a. 3 WESTERN DOWNS REGIONAL $ $ Dalby/ Blaxland/ Tipton etc. $ $ Chinchilla/ Hopeland/ Montrose/ etc. $ $ WHITSUNDAY REGIONAL $ $ Whitsunday Region $ $ Cannon Valley/ Conway/ Proserpine/ etc. $ $ Airlie Beach/ Cannonvale/ Whitsundays/ etc. $ $ Bowen Region $ $ Collinsville $ $ Bowen $ $ WHITSUNDAY REGIONAL $ $ Whitsunday Region $ $ Cannon Valley/ Conway/ Proserpine/ etc. $ $ Airlie Beach/ Cannonvale/ Whitsundays/ etc. $ $ Bowen Region $ $ Collinsville $230 7 n.a Bowen $ $ BALONNE SHIRE $ $ BANANA SHIRE $ $ BURDEKIN SHIRE $ $ CHARTERS TOWERS REGIONAL $ $ COOK SHIRE $ $ GOONDIWINDI REGIONAL $ $ HINCHINBROOK SHIRE $ $ LONGREACH REGIONAL $ $ MARANOA REGIONAL $ $ MOUNT ISA CITY $ $ MURWEH SHIRE $ $ NORTH BURNETT REGIONAL $ $ BANANA SHIRE $ $ BURDEKIN SHIRE $ $ CENTRAL HIGHLANDS REGIONAL $ $ CHARTERS TOWERS REGIONAL $ $ GOONDIWINDI REGIONAL $ $ HINCHINBROOK SHIRE $ $ ISAAC REGIONAL $ $ LOCKYER VALLEY REGIONAL $ $ MARANOA REGIONAL $ $ MOUNT ISA CITY $ $ SCENIC RIM REGIONAL $ $ BEDROOM UNITS CASSOWARY COAST REGIONAL $ $ Cardwell/ Hinchinbrook/ etc. $ $ Mission Beach/ Wongaling Beach/ etc. $ $ BEDROOM TOWNHOUSES WHITSUNDAY REGIONAL $ $ Airlie Beach/ Cannonvale/ Whitsundays/ etc. $ $ Bowen $400 9 $ Bulgun/ Silky Oak/ Tully/ etc. $ $ East Innisfail/ Innisfail/ Jubilee Heights/ etc. $ $ GYMPIE REGIONAL $ $ Cooloola region $ $ Gympie/ Curra/ Imbil/ Monkland/ Southside/ etc. $ $ Rainbow Beach/ Inskip $175 8 $220 11

39 39 rental market indicators GROSS RENTAL YIELDS HOUSES¹ UNITS² QUARTER Jun-11 Mar-11 Jun-11 Mar-11 SOUTH EAST QUEENSLAND BRISBANE CITY 4.0% 3.9% 5.0% 4.9% IPSWICH CITY 4.8% 4.6% 5.1% N/A LOGAN CITY 4.8% 4.7% 4.7% 5.0% MORETON BAY REGIONAL 4.3% 4.4% 4.4% 4.4% REDLAND CITY 4.4% 4.3% 5.1% 4.4% GOLD COAST CITY 4.5% 4.2% 5.1% 5.1% SUNSHINE COAST REGIONAL 4.2% 4.3% 4.3% 4.5% MAJOR REGIONAL CENTRES BUNDABERG REGIONAL 4.8% 4.8% 3.8% 4.4% CAIRNS REGIONAL 4.7% 4.4% 5.8% 5.6% FRASER COAST REGIONAL 4.8% 4.5% 4.1% 4.0% GLADSTONE REGIONAL 4.5% 4.5% 3.5% 4.1% MACKAY REGIONAL 4.9% 5.1% 5.0% 5.4% ROCKHAMPTON REGIONAL 5.2% 4.8% 4.8% 4.1% TOOWOOMBA REGIONAL 4.6% 4.8% 4.6% 4.4% TOWNSVILLE CITY 4.6% 4.8% 4.6% 4.8% OTHER REGIONAL AREAS BANANA SHIRE 6.6% 4.4% N/A N/A BURDEKIN SHIRE 5.9% 5.3% N/A N/A CASSOWARY COAST 7.8% N/A N/A N/A CENTRAL HIGHLANDS REGIONAL 7.1% 5.8% N/A N/A GYMPIE REGIONAL 4.9% 5.3% N/A N/A ISAAC REGIONAL 10.2% 9.3% N/A N/A MARANOA REGIONAL 6.6% 4.7% N/A N/A MOUNT ISA CITY 7.4% 6.9% N/A N/A SCENIC RIM REGIONAL 4.2% 3.9% N/A N/A SOUTH BURNETT REGIONAL 5.7% 5.4% N/A N/A SOUTHERN DOWNS REGIONAL 4.8% 4.7% N/A N/A TABLELANDS REGIONAL 5.2% 4.8% N/A N/A WESTERN DOWNS REGIONAL 6.0% 4.9% N/A N/A WHITSUNDAY REGIONAL 5.6% 4.9% N/A 4.8% VACANCY RATES ALL RENTALS END OF MONTH Sep-10 Mar-11 Jun-11 SOUTHEAST QUEENSLAND Brisbane SD 2.8% 2.3% 2.7% Brisbane City 2.6% 1.8% 2.1% Brisbane Inner (0-5km) 2.5% 1.6% 1.6% Brisbane Remainder 2.6% 1.9% 2.4% Brisbane Surrounds² 3.0% 2.7% 3.1% Ipswich City 2.3% 2.3% 2.8% Logan City 2.3% 2.2% 2.7% Moreton Bay Regional 3.8% 3.6% 3.2% Caboolture * 4.9% 4.3% 4.5% Pine Rivers 2.5% 1.5% 2.5% Redcliffe 2.8% 4.6% 2.8% Redland City 3.5% 2.4% 3.9% Mainland N/A N/A 3.5% Bay Islands N/A N/A 9.1% Gold Coast City 4.3% 3.6% 5.2% Sunshine Coast Regional 3.4% 3.7% 4.9% Caloundra Coast 2.5% 2.8% 5.3% Maroochy Coast 2.6% 3.0% 4.2% Noosa Coast 5.1% 4.0% 4.1% Hinterland 4.2% 4.9% 6.0% MAJOR REGIONAL CENTRES Bundaberg Regional 2.1% 2.5% 4.3% Cairns Regional 4.4% 3.8% 3.7% Cairns City N/A N/A 3.9% Fraser Coast Regional 5.4% 5.9% 4.9% Hervey Bay 5.5% 5.1% 2.3% Maryborough 5.2% 6.0% 5.7% Gladstone Regional 1.4% 1.4% 0.6% Gladstone City N/A N/A 0.7% Mackay Regional 1.3% 1.3% 1.6% Mackay City N/A N/A 1.6% Rockhampton Regional 2.3% 1.8% 2.0% Toowoomba Regional 0.9% 1.6% 1.6% Toowoomba City N/A N/A 1.6% Townsville/Thuringowa 3.4% 2.0% 3.7% OTHER REGIONAL AREAS Gympie Regional 4.4% 4.6% 5.9% South Burnett Regional 5.4% N/A 5.8% Tablelands Regional 4.9% N/A 4.5% Whitsunday Regional * N/A N/A 8.7%

40 40 REIQ research explanatory notes SALES DATA All figures are preliminary and are subject to further revision. Only suburbs to record sufficient sales numbers have been included (see Research Methodology). N/A No preliminary estimate available due to insufficient sales numbers (LGA) Local Government Area Brisbane (SD) Brisbane Statistical Division which includes the LGA s of Brisbane City, Ipswich City, Logan City, Moreton Bay Regional and Redland City. ^ Denotes acreage sales - on land size greater than 2,400m². All other house and land sale statistics are based on land size under 2,400m². Unit and townhouse data includes sales of residential building units and group titled properties. ~ Medians affected by varying quality of stock sold * Medians affected by varying quantities of new properties sold f Medians affected by varying quantities of waterfront properties sold t Medians affected by varying quantities of townhouses sold g Sales volumes and median affected by QLD government acquisitions in the area G Sales volumes and median affected by QLD government sales in the area + Due to the nature of properties in this suburb, some group titled property sales have been included - Due to the nature of properties in this suburb, some group titled property sales have been omitted 1 Medians affected by varying volumes of sales on the bay islands and mainland 2 Paradise Point - excludes Sovereign Island and Ephraim Island sales PRICE POINT GRAPHS All figures are preliminary based upon sales records available as at the time of reporting for each corresponding quarter and are subject to further revision. Comparisons between quarters should be used as a guide only. Data supplied by PriceFinder. SOURCE: REIQ, Data obtained from PriceFinder ( Enquiries about the reproduction of part or all of the information should be directed to the Marketplace Strategy Division, REIQ. Based on or contains data provided by the State of Queensland (Department of Environment and Resource Management) In consideration of the State permitting use of this data you acknowledge and agree that the State gives no warranty in relation to the data (including accuracy, reliability, completeness, currency or suitability) and accepts no liability (including without limitation, liability in negligence) for any loss, damage or costs (including consequential damage) relating to any use of the data. Data must not be used for direct marketing or be used in breach of the privacy laws. RENTAL DATA All rental data is collated by postcode. Where no postcode or region is listed, insufficient new bonds were lodged in order to calculate a reliable statistic. Where there is a relatively small number of bond lodgements median rent values are less reliable and should be used with caution. n.a. Not Available (the number of new bonds lodged was too small to provide a reliable estimate) Source: Residential Tenancies Authority, Rental Bond lodgements (RTA) GROSS RENTAL YIELDS House yields based upon REIQ median house prices and RTA median weekly rent for 3-bedroom houses Unit yields based upon REIQ median unit & townhouse prices and RTA median weekly rent for 2-bedroom units. VACANCY RATES Based upon all residential rentals as at the end of the month * High vacancy rate due to new residential unit releases n/a Not previously collated N/A Insufficient sample size reported in order to calculate a reliable statistic NB Where no region or vacancy rate is listed, insufficient surveys were received in order to calculate a reliable statistic Source: REIQ Residential Rental Survey Queensland Market Monitor is published by The Real Estate Institute of Queensland (REIQ). ABN 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 Market Place Strategy Division on phone DATA REPORT DATE: 4 August 2011 PUBLISHED: 9 September 2011 The Real Estate Institute of Queensland Ltd. Copyright Turbo Drive, Coorparoo, PO Box 1555, Coorparoo DC Q 4151 Ph: (07) Fax: (07) research@reiq.com.au June Quarter 2011

41 REIQ research METHODOLOGY 41 Real estate trends in Queensland s towns & suburbs The REIQ s research data is based on official sales records held by the Department of Environment and Resources Management s Queensland Valuation and Sales database (QVAS). This data is made available to the REIQ through PriceFinder ( The REIQ s reports are run 5 weeks after the end of each quarter. At this point in time there is about 60 to 70 per cent of settled sales transactions available, and are therefore preliminary only and subject to further revision as more sales settle and the details of the transaction become available from QVAS. Prior to the June quarter 2010, REIQ sales data reports were run at 7 weeks after the quarter. After careful analysis, this change in methodology was implemented to improve the timeliness of the REIQ s sales data release without jeopardising the reliabilty of the figures. Given the slightly smaller sample size, comparisons between the number of sales with quarters published prior to the June quarter 2010, should be made with caution. In order to measure recent performance of the Queensland property market, Queensland Market Monitor records the median sale price by locality and by local government area (LGA) state-wide where sufficient sales numbers are recorded. Analysts regard the median sale price, defined as the middle sale taken from all the sales in a locality throughout a specified period as the most representative figure. Unlike other averages, which can be skewed by very high or very low sales, the median is generally reflective of current market activity. Quarterly sales figures are generally an indication of the latest sales activity in an area. They reflect the types of properties that have sold over a three-month period and can therefore still be quite volatile. Where possible, annotations have been used to explain fluctuations in the sales data (see REIQ research explanatory notes). To provide a more macro or historical trend view of a suburb s and LGA s market performance, the annual median price is also provided as are percentage changes over the last one and five years. To ensure the data is as reflective of the overall market as possible, only suburbs that recorded a minimum of 25 sales for houses and unit/townhouses; or 20 sales for acreage and vacant land over the 12 month period are recorded. In order to publish a median for the quarter, a minimum of 10 sales are required for metropolitan Brisbane. In regional areas, where there are generally fewer sales compared with metropolitan volumes, suburbs with a minimum of seven house or unit/townhouse sales or a minimum of five acreage or vacant land sales in a locality are included. A suburb with fewer sales numbers is generally regarded as having a sample size too small to be truly demonstrative. To compare like with like, the change in median sale prices compares current preliminary estimates with preliminary estimates for the previous period. A percentage change is not available where there is no preliminary estimate available for either reference period. Another point of difference with REIQ research is our use of contract date figures rather than the settlement date. In accruing quarterly results, some analysts use the date on which the property settled rather than the date that the parties signed a contract of sale. In Queensland, there could be up to 60 or 90 days between the time a contract of sale is signed (the day on which the parties legally agree on the price the property will sell for) and the day on which the property settles. The REIQ believes that collating quarterly statistics based on settlement date figures does not most accurately reflect the state of the market in any given quarterly period. For further information on real estate data REIQ s research analyst: Yvette Burton research@reiq.com.au June Quarter 2011

42 your state-wide property research guide suburb by suburb REIQ REAL ESTATE INSTITUTE QUEENSLAND QUEENSLAND MARKET MONITOR Queensland Market Monitor is a quarterly, electronic publication entirely focused on residential sales and rental research data for regions throughout the State, on a suburb-by-suburb basis. It meets the high standards for accurate data and reliable analysis that you have come to expect from the REIQ. This detailed level of information will enable you to conduct valuable comparisons between various regions and market segments, and to ensure you are completely informed of all the latest market trends and fluctuations. Yes! I would like to subscribe to the Queensland Market Monitor I would like a two-year subscription (8 issues) for $120* Each edition includes: Median sale prices for houses, units/townhouses and land; Median weekly rents for houses and units/ townhouses; Gross rental yields; Rental vacancy rates; Useful charts and graphs; and Analytical market commentary. I would like a one-year subscription (4 issues) for $70* Please start with or please include the following back issues: * All prices include GST Name: (title) (first) (middle initial/s) (last) Company name: Occupation: Address: Phone: Fax: Mobile: Post code: DOB: (day) (month) (year-optional) This is an individual purchase This purchase is on behalf of a company I wish to pay by: [ ] Cheque or [ ] Money order payable to the REIQ Please debit my: [ ] MasterCard [ ] Visa *4 digit CCV number [ ] AMEX Name on card: Card number: Amount: $ Expiry date: / CCV# Signature: How did you hear about us? Fax: Phone: research@reiq.com.au Postal Address: PO Box 1555, Coorparoo DC QLD 4151 Thinking of buying property? Find out all you need to know at the FREE Experts Guide to Buying Queensland Property Attendees will also receive a free 7 day PriceFinder subscription Saturday 24 September, 9am 1pm REIQ House, 21 Turbo Drive Coorparoo Bookings essential as places are strictly limited reiq.com profdev@reiq.com.au