REIQ REAL ESTATE INSTITUTE QUEENSLAND

Transcription

1 your state-wide property research guide - suburb by suburb REIQ REAL ESTATE INSTITUTE QUEENSLAND ISSUE 15 Even though sales activity was lower in the month of June in particular, the June quarter data found no significant variations on median prices... Proud to be REIQ accredited JUNE QUARTER 01 STATE-WIDE SUMMARY HOUSE AND UNIT MARKETS Queensland home buyers retreated from the property market in the June quarter as they waited for the return of stamp duty concessions but house prices held their ground. The REIQ June quarter Queensland Market Monitor shows house prices remaining steady in the face of lower sales activity across the State. The State Government introduced legislation into parliament in mid-may to reinstate the Principal Place of Residence concession on stamp duty from 1 July this year. The return of the concession meant home buyers, who were not first-timers or investors, could save up to $7,000 from 1 July, so many decided to delay their purchases until after that date. Even though sales activity was lower in the month of June in particular, the June quarter data found no significant variations on median prices which ensures the Queensland market is still holding up well. The four rate cuts since November are also starting to have a positive effect on the market. QUARTERLY PRICE MOVEMENTS LGA HOUSES UNITS LAND SOUTHEAST QLD BRISBANE (SD) 1.9% 3.% -4.1% ~ * BRISBANE CITY -1.0% 3.8% -1.7% * IPSWICH CITY -3.3% 0.0% - * t -5.0% + * LOGAN CITY -1.5% -15.3% - * t -5.9% * MORETON BAY 5.3% 1.3% % + REDLAND CITY 4.3%.4% f 43.4% ¹ ~ GOLD COAST CITY.8% + 1.0% - 0.0% + * SUNSHINE COAST 0.9% + -.% - ~ -9.8% + * MAJOR REGIONS TOOWOOMBA 3.8% ~ 0.4% 0.7% * FRASER COAST -.8% -5.4% - * f 19.% * BUNDABERG.7% -1.0% * f 3.% GLADSTONE 0.0% 6.1% - * f t 7.5% * ROCKHAMPTON -1.6% -4.1% - 1.0% MACKAY 0.0% -5.6% ~ f 3.1% * f TOWNSVILLE CITY 4.% 4.4% -1.0% * CAIRNS -1.0% -1.% - * f 5.3% ~ See page 41 for REIQ explanatory notes According to the Australian Bureau of Statistics, the number of homes financed to non-first home buyers in Queensland decreased 1.8 per cent between May and June this year. Did you know reiq.com has over 90,000 Queensland properties for sale and rent? You can find out more at

2 table of contents Queensland market update: State-wide summary (cont d) state-wide summary QUEENSLAND HOUSE SALES <$350,000 $350,000+ $500,000+ $1m+ Regional market updates: Brisbane City Greater Brisbane Gold Coast Toowoomba 19 Sunshine Coast 1 Fraser Coast 4 Bundaberg 6 Gladstone 8 Rockhampton 30 Source: REIQ, data provided by PriceFinder QUEENSLAND UNIT SALES <$50,000 $50,000+ $350,000+ $500,000+ $1m Mackay Townsville Cairns 36 Source: REIQ, data provided by PriceFinder Other Regional Areas 39 al Market Indicators 40 Residential rental yields 40 Residential vacancy rates 40 REIQ explanatory notes 41 QUEENSLAND LAND SALES <$50,000 $50,000+ $350,000+ $500,000+ $1m Source: REIQ, data provided by PriceFinder

3 3 state-wide summary The median house price in Brisbane decreased 1 per cent to an even $500,000 over the June quarter. The top performing major region over the June quarter was Moreton Bay which recorded median house price growth of 5.3 per cent to $379,000. Moreton Bay, which is part of Greater Brisbane, has a variety of more affordable suburbs which are still within commuting distance of the CBD. Its location and supply of affordable housing is therefore attractive to first home buyers and investors. Outside of the southeast, Townsville recorded median house price growth of 4. per cent to $375,000 over the June quarter. Townsville s economy continues to fair well due its mix of industries. Median house price growth appears to have plateaued in Gladstone for the second consecutive quarter however the region still posted an increase of 14.6 per cent over the year ending June. Unit and townhouse median prices over the June quarter recorded healthy price increases across many parts of the State. The solid median price growth was despite decreased numbers of unit and townhouse sales similar to the house market over the period. There were increasing numbers of first home buyers and investors in the market, compared to owner-occupier activity which was reduced, so this is partly behind this good price growth. While many owner-occupiers waited for the stamp duty change on 1 July, first home buyers and investors were unaffected by this so were more prominent over the June quarter. Given the affordability of units and townhouses, as well as their often more central locations, first-time buyers and investors often compete for this type of property which may be partly responsible for the increases in median prices over the period. The preliminary number of unit and townhouse sales across Queensland decreased 15 per cent in the June quarter compared to the March quarter. VACANT LAND MARKET Sales activity for the vacant land market was down about 13 per cent for the state as a whole. This is likely to be due to the removal of the Queensland Building Boost, which ended on 30 April this year, and temporarily stimulated the land market across the State. The boost was intended to reinvigorate the residential construction sector, however, only half of the $140 million in funds allocated was used during grant period. This is likely due to the relatively high cost of buying new homes and apartments compared to the purchase of existing property. MEDIAN PRICES - JUN QTR 01 LGA HOUSES UNITS LAND SOUTHEAST QLD BRISBANE (SD) $500,000 $376,500 $15,000 BRISBANE CITY $433,000 $40,500 $95,000 IPSWICH CITY $90,000 $0,000 $170,000 LOGAN CITY $330,000 $6,500 $07,000 MORETON BAY $379,000 $330,000 $06,800 REDLAND CITY $438,50 $315,000 $194,000 GOLD COAST CITY $467,000 $345,000 $39,985 SUNSHINE COAST $434,000 $35,000 $45,000 MAJOR REGIONS TOOWOOMBA $99,000 $31,000 $137,000 FRASER COAST $8,000 $37,500 $155,000 BUNDABERG $87,500 $4,500 $144,500 GLADSTONE $475,000 $380,000 $65,000 ROCKHAMPTON $315,000 $7,000 $145,000 MACKAY $45,000 $9,500 $00,000 TOWNSVILLE CITY $375,000 $98,500 $165,000 CAIRNS $346,500 $10,000 $168,500 SALES ACTIVITY - JUN QTR 01 LGA HOUSES UNITS LAND SOUTHEAST QLD BRISBANE (SD) down down down BRISBANE CITY down down down IPSWICH CITY down up steady LOGAN CITY down down steady MORETON BAY down up down REDLAND CITY down steady down GOLD COAST CITY down down down SUNSHINE COAST down down down MAJOR REGIONS TOOWOOMBA down down down FRASER COAST down down steady BUNDABERG down up down GLADSTONE down down down ROCKHAMPTON down down steady MACKAY down down strong TOWNSVILLE CITY down down down CAIRNS down steady down steady +/- 5% up/down 5-0% strong >0%

4 4 state-wide summary RENTAL MARKET Across the State, demand for rental properties has once again been faced with constrained supply, resulting in vacancy rates generally at tight levels. REIQ residential vacancy rates for June show continued strong demand from tenants, with vacancy rates remaining below 3 per cent across the majority of areas. A vacancy rate of 3 per cent is generally considered to be the equilibrium point of supply and demand. Recent interest rate cuts by the Reserve Bank of Australia have yet to exert a positive effect on property sales overall, with preliminary data suggesting the market is still slow. The latest data from the Australian Bureau of Statistics shows promise however, with total residential dwellings financed increasing, as owner-occupiers and investors are beginning to gain confidence and re-enter the market. The increase in investor activity is a welcome result and should help address pent-up demand in the Queensland rental market and keep rental price growth steady. In South East Queensland, increasing rents coupled with an expected mid-year slump has contributed to lessen demand for rental properties. Investors are also still only beginning to re-enter the property market, which has meant current rental supply levels remain low. Meanwhile, the resource centres continue to experience extremely tight rental market conditions, with vacancy levels of at approximately per cent or below. - JUN QTR 01 LGA 3 BED HOUSE BED FLAT 3 BED T HSE SOUTHEAST QLD BRISBANE CITY $400 u $385 - $400 - IPSWICH CITY $80 - $45 - $96 - LOGAN CITY $330 u $50 - $35 - MORETON BAY $30 - $70 - $30 - REDLAND CITY $365 - $330 - $370 - GOLD COAST CITY $405 - $350 - $365 - SUNSHINE COAST $370 - $300 - $370 u MAJOR REGIONS TOOWOOMBA $80 u $15 - $90 - FRASER COAST $60 - $0 u $300 - BUNDABERG $70 u $10 u $70 u* GLADSTONE $500 u* $400 u* $580 u* ROCKHAMPTON $340 u* $60 u n.a. - MACKAY $460 u* $360 u* $530 u* TOWNSVILLE CITY $345 u $80 u $380 u* CAIRNS $30 u $60 u $30 d* (-) steady (u) up (d) down * change greater than $0 VACANCY RATES - JUNE 01 LGA 30-Jun-1 TREND SOUTHEAST QLD BRISBANE CITY.1% u IPSWICH CITY.8% - LOGAN CITY 3.0% u* MORETON BAY.6% d REDLAND CITY.3% - GOLD COAST CITY 4.0% - SUNSHINE COAST 3.3% - MAJOR REGIONS TOOWOOMBA 1.% d* FRASER COAST.9% d* BUNDABERG 3.6% u GLADSTONE.0% u* ROCKHAMPTON 1.1% - MACKAY 1.7% - TOWNSVILLE CITY.1% u CAIRNS 1.9% d* (-) steady (u) up (d) down * change greater than 0.5pts GROSS RENTAL YIELDS - JUN QTR 01 LGA HOUSES UNITS SOUTHEAST QLD BRISBANE CITY 4.% - 5.0% IPSWICH CITY 5.0% - 5.8% u LOGAN CITY 5.% u 5.0% MORETON BAY 4.4% - 4.3% - REDLAND CITY 4.3% - 5.4% u* GOLD COAST CITY 4.5% - 5.3% - SUNSHINE COAST 4.4% - 4.8% - MAJOR REGIONS TOOWOOMBA 4.9% - 4.8% u FRASER COAST 4.8% - 4.8% u BUNDABERG 4.9% - 4.5% - GLADSTONE 5.5% u 5.5% - ROCKHAMPTON 5.6% - 5.0% - MACKAY 5.6% - 6.4% u TOWNSVILLE CITY 4.8% - 4.9% - CAIRNS 4.8% - 6.4% - (-) steady (u) up (d) down * change greater than 0.5pts

5 5 BRISBANE CITY HOUSE AND UNIT MARKETS The numbers of preliminary house sales were down about 14 per cent compared to the March quarter. A number of Brisbane s suburbs performed well over the June quarter. Aspley recorded median house price growth of 8.5 per cent to $510,000 over the quarter and was also up 8.1 per cent over the year. This was partly due to an increase in the sale prices of average, or middle-ofthe-road, properties. Aspley is approximately 13km north of the Brisbane CBD. According to suburb profiles on reiq.com, the majority of housing is in the form of detached dwellings with limited townhouse and unit developments. There is a wide variety of housing which ranges from two bedroom weatherboard houses to larger, modern brick residences. Runcorn s median house price increased 7.4 per cent to $440,500 and was up per cent over the year. According to suburb profiles on reiq.com, Runcorn is about 19km from the Brisbane CBD and is a popular suburb with young and established families. Housing in the local area remains predominantly single-detached dwellings with chamferboard and brick and tile houses the most common architectural styles. Another suburb to record healthy median house price growth was Mansfield, with a median price increase of 7.6 per cent to $476,50. According to reiq.com, Mansfield is characterised by low-set weatherboard houses with traditional Australian backyards and is about 13km south-east of the CBD. The majority of the dwellings, constructed in the 1940s, 50s and 60s, are made of traditional weatherboard. The Brisbane median unit and townhouse price increased 4.4 per cent to $405,000 with the number of preliminary sales up 11 per cent over the year ending June, compared to the same period last year. VACANT LAND MARKET The median price of vacant urban land in Brisbane decreased 1.7 per cent to $95,000 over the June quarter. There were 145 preliminary sales of vacant land recorded in the Brisbane Local Government Area over the June quarter a reduction of about 0 per cent on the March quarter. Over the year ending in June, however, the numbers of preliminary land sales were up about 40 per cent on the corresponding period last year. BRISBANE CITY HOUSE SALES <$350,000 $350,000+ $500,000+ $1m BRISBANE CITY UNIT SALES <$50,000 $50,000+ $350,000+ $500,000+ $1m+ BRISBANE CITY LAND SALES <$50,000 $50,000+ $350,000+ $500, RENTAL MARKET In Brisbane, the vacancy rate has risen to.1 per cent, from 1.7 per cent in March. Brisbane s inner-city recorded a vacancy rate of 1.6 per cent, up from 1.4 per cent previously. At present the capital city is experiencing a slower rental market, consistent with the amount of activity typically seen around this time of the year. The majority of agents report vacant listings are taking approximately two weeks to let, with between two to five applicants per listing. Latest reports from agents working for REIQ accredited agencies within inner Brisbane suggest that rents are increasing in line with higher demand for properties, particularly with houses. Recent rental price data from the RTA has shown slight increases across two bedroom units and three bedroom houses within the inner city area

6 6 BRISBANE CITY HOUSES BRISBANE CITY (LGA) 1,710 $500, % $505, % 1.7% BRISBANE CITY (LGA) ^ ~ 37 $950, % $958,81-5.5% 4.% ACACIA RIDGE 17 $315, % $311, % 13.1% ALDERLEY ~ 11 $780,000.6% $585, % 0.0% ALGESTER 16 $400, % $399, % 1.8% ANNERLEY ~ 19 $595, % $547, % 1.6% ASCOT ~ 9 N/A N/A $866, % -8.% ASHGROVE 4 $660, % $680, % 0.5% ASPLEY 3 $510, % $499, % 6.9% AUCHENFLOWER 4 N/A N/A $818, % 1.1% BALD HILLS ~ 14 $336, % $353, % 3.3% BANYO 19 $385, % $407,50-0.7% 17.% BARDON ~ 1 $700, % $74, % 5.3% BELLBOWRIE 7 N/A N/A $40, % 9.4% BELMONT ~ 5 N/A N/A $534, % 7.7% BOONDALL 15 $405,000-0.% $40, % 0.% BRACKEN RIDGE ~ 33 $385, % $399,50-0.4% 17.4% BRIDGEMAN DOWNS 8 N/A N/A $665, % 0.9% BRIGHTON 19 $385,000.1% $390, % 3.8% BULIMBA ~ f 11 $1,070, % $806, % 4.0% CALAMVALE 8 $516, % $495, % 17.9% CAMP HILL 34 $595, % $595, % 18.3% CANNON HILL 13 $545, % $56, % 6.3% CARINA 14 $493, % $490, % 7.8% CARINA HEIGHTS 7 N/A N/A $460, % 10.8% CARINDALE ~ 19 $70, % $645, % 1.7% CARSELDINE ~ 9 N/A N/A $49, % 11.9% CHAPEL HILL 16 $565, % $567, % 5.1% CHELMER ~ 7 N/A N/A $753, % 14.1% CHERMSIDE 5 N/A N/A $445,000-0.% 19.9% CHERMSIDE WEST 10 $46, % $435, % 17.6% CLAYFIELD ~ 10 $735, % $851, % 16.% COOPERS PLAINS 10 $373,50 0.6% $398, % 18.% COORPAROO ~ 1 $580, % $587, % 13.0% CORINDA ~ 9 N/A N/A $579, % 3.8% DARRA ~ 1 $34, % $355, % 34.1% DOOLANDELLA * ~ 11 $433, % $370, % 8.6% DREWVALE ~ 1 $43, % $450, % 0.0% DURACK ~ 5 N/A N/A $30, % 18.8% EAST BRISBANE 8 N/A N/A $61, % 11.4% EIGHT MILE PLAINS 14 $560, % $571, % 8.9% ENOGGERA ~ 11 $555, % $538, % 17.1% EVERTON PARK 5 $450,000.7% $466, % 4.3% FERNY GROVE 7 N/A N/A $486, % 4.6% FIG TREE POCKET 9 N/A N/A $731, % 18.0% FITZGIBBON 10 $385,50-1.7% $385, % 5.3% FOREST LAKE 67 $357, % $375, % 15.4% GAYTHORNE 5 N/A N/A $55, % 31.6% GEEBUNG ~ 10 $404, % $410, % 18.8% HOUSES continued GORDON PARK 1 $707, % $607,000.9% 6.5% GRACEVILLE 5 N/A N/A $68, % 17.1% GRANGE ~ 16 $594, % $655, % 3.0% GREENSLOPES ~ 18 $579, % $583, % 1.4% HAMILTON ~ 3 N/A N/A $765,000-8.% -30.5% HAWTHORNE ~ 13 $749, % $833, % 0.9% HEATHWOOD 4 N/A N/A $496,000-9.% 18.1% HEMMANT ~ N/A N/A $386, % 16.1% HENDRA ~ 8 N/A N/A $770, % 31.6% HIGHGATE HILL 7 N/A N/A $750,000-3.% 6.7% HOLLAND PARK 16 $500, % $491,75-5.6% 0.6% HOLLAND PARK WEST 13 $519, % $539, % 35.7% INALA 17 $76, % $77, % 6.1% INDOOROOPILLY 7 N/A N/A $71,500.3% 14.7% JAMBOREE HEIGHTS 5 N/A N/A $405, % 3.% JINDALEE 8 N/A N/A $475, % 5.0% KEDRON 17 $514, % $50, % 8.4% KELVIN GROVE 6 N/A N/A $581, % 11.% KENMORE ~ 19 $500, % $50,500-6.% 13.9% KENMORE HILLS 5 N/A N/A $640, % 7.0% KEPERRA 14 $39, % $407, % 4.4% KURABY ~ 9 N/A N/A $50, % 19.1% LOTA ~ 1 $44, % $499, % 10.9% LUTWYCHE 3 N/A N/A $650, % 30.0% MACGREGOR 8 N/A N/A $540,000 0.% 4.4% MANLY ~ 9 N/A N/A $55, % -7.9% MANLY WEST ~ 19 $560, % $467, % 19.9% MANSFIELD 1 $476,50 7.6% $461, % 16.4% MCDOWALL 11 $50, % $535, % 18.9% MIDDLE PARK 4 N/A N/A $466,50-1.8% 14.4% MITCHELTON 19 $460, % $475,15-9.1%.5% MOGGILL 8 N/A N/A $464, % 16.1% MOOROOKA 4 $469,50 -.7% $460,500-6.% 1.% MORNINGSIDE ~ 14 $548, % $565, % 0.5% MOUNT CROSBY ^ 5 $515, % $531, % 5.5% MOUNT GRAVATT 5 N/A N/A $456, % 14.0% MOUNT GRAVATT EAST 0 $454, % $454, % 1.1% MURARRIE 4 N/A N/A $58, % 31.8% NEW FARM 7 N/A N/A $1,175, % 33.5% NEWMARKET 8 N/A N/A $644, % 17.% NORMAN PARK 14 $63,75.1% $63,75-9.4% 4.1% NORTHGATE N/A N/A $431, % 9.9% NUDGEE 6 N/A N/A $479, % 45.% NUNDAH 10 $578, % $58, % 18.7% OXLEY 15 $379, % $411, % 14.3% PADDINGTON 16 $737, % $73, % 7.9% PARKINSON ~ 15 $455, % $493, % 6.3% PULLENVALE ^ N/A N/A $1,050, % 6.9% RED HILL 9 N/A N/A $673,500.7% 4.%

7 7 BRISBANE CITY HOUSES continued RIVERHILLS 6 N/A N/A $405, %.3% ROBERTSON 5 N/A N/A $640, % 11.1% ROCKLEA ~ 3 N/A N/A $60, % -8.8% RUNCORN 0 $440, % $433,500.0% 30.8% SALISBURY 17 $390, % $41,50-5.8% 0.4% SANDGATE 9 N/A N/A $510,000-5.% 5.9% SEVEN HILLS 5 N/A N/A $568, % 15.3% SEVENTEEN MILE ROCKS 6 N/A N/A $535, % 4.9% SHERWOOD ~ 10 $509, % $665, % 16.7% SINNAMON PARK ~ 9 N/A N/A $580, % 1.% ST LUCIA ~ 6 N/A N/A $940, % 4.8% STAFFORD ~ 10 $465, % $440, % 15.0% STAFFORD HEIGHTS 11 $437,000.8% $433, % 14.1% STRETTON ~ 11 $65, % $675, % 4.1% SUNNYBANK ~ 1 $555, % $498, % 1.5% SUNNYBANK HILLS ~ 6 $474, % $480, % 7.1% TARINGA ~ 9 N/A N/A $655, % 7.4% TARRAGINDI $54, % $535, % 0.8% THE GAP 38 $5,500.% $534, % 1.6% TINGALPA 17 $4,000.9% $41,000-4.% 13.7% TOOWONG 7 N/A N/A $66, % 15.7% UPPER KEDRON 4 N/A N/A $570, % 3.6% UPPER MOUNT GRAVATT 13 $460,000.3% $470, % 30.% VIRGINIA 6 N/A N/A $430, % 6.9% WAKERLEY 18 $60, % $630, % 33.9% WAVELL HEIGHTS 1 $486, % $499, %.5% WEST END ~ 4 N/A N/A $716,000-1.% 7.9% WESTLAKE 7 N/A N/A $604, % 6.0% WILSTON ~ 6 N/A N/A $750, % 10.3% WINDSOR ~ 3 N/A N/A $589, % 0.8% WISHART ~ 13 $500, % $500, % 16.3% WOOLLOONGABBA ~ 8 N/A N/A $585, % 1.9% WOOLOOWIN ~ 6 N/A N/A $666, % 4.5% WYNNUM ~ 46 $55, % $47, % 13.9% WYNNUM WEST 5 $415, % $410, % 16.4% YERONGA ~ 10 $60, % $600, % 5.3% ZILLMERE 9 N/A N/A $360, % 0.0% UNITS & TOWNHOUSES BRISBANE CITY (LGA) 1,018 $40, % $399, % 18.% ALBION 9 N/A N/A $380, %.7% ALDERLEY 7 N/A N/A $38, % 13.% ANNERLEY ~ * t 5 $350, % $385, % 5.4% ASCOT 7 N/A N/A $39, % 0.6% ASHGROVE 3 N/A N/A $395, % 15.5% ASPLEY ~ N/A N/A $335,000-8.% 10.% AUCHENFLOWER ~ 14 $477, % $417, % 16.0% BALMORAL 6 N/A N/A $457, % 30.6% BOWEN HILLS * 3 N/A N/A $380, %.5% UNITS & TOWNHOUSES continued BRISBANE CITY ~ * 63 $53, % $460, % 5.0% BULIMBA ~ 10 $497, % $538, % 1.3% CALAMVALE ~ 17 $365, % $365, % 19.9% CAMP HILL 14 $387, % $380, % 8.3% CARINA 14 $447, % $435,000 1.% 16.6% CARINA HEIGHTS * t 7 N/A N/A $440, % 0.5% CARINDALE 8 N/A N/A $419, % -9.% CARSELDINE * t 15 $410,000 0.% $390, % 3.7% CHERMSIDE * 5 $368, % $389, % 8.6% CLAYFIELD * t 18 $355, % $370, % 7.6% COORPAROO 14 $345, % $360, %.0% DOOLANDELLA 5 N/A N/A $346, % N/A EAST BRISBANE ~ 1 $44, % $44, % 37.8% EIGHT MILE PLAINS 9 $350, % $350, % 9.6% ENOGGERA * t N/A N/A $405, % 16.0% EVERTON PARK ~ * 19 $455, % $375, % 13.6% FITZGIBBON * t 7 N/A N/A $384, % 50.6% FORTITUDE VALLEY * 35 $379, % $400, % 18.8% GAYTHORNE * 6 N/A N/A $40, % 5.7% GORDON PARK * 6 N/A N/A $350, % 18.6% GREENSLOPES 13 $331, % $335, % 3.6% HAMILTON * f $445, % $448, %.0% HAWTHORNE 7 N/A N/A $453, % 9.% HIGHGATE HILL 8 N/A N/A $430, % 5.0% INDOOROOPILLY 14 $374, % $458, %.3% KANGAROO POINT ~ 33 $495, % $437, % 1.9% KEDRON ~ 11 $440, % $385, % 30.5% KELVIN GROVE * 11 $47, % $45, % 9.1% MANLY WEST N/A N/A $370, % 3.1% MOOROOKA * t 0 $398, % $385, % 51.6% MORNINGSIDE 17 $460, % $445, % 5.7% MOUNT GRAVATT EAST 8 N/A N/A $386, % 5.4% MURARRIE 6 N/A N/A $500, % -9.1% NEW FARM 34 $510, % $500, % 5.4% NEWMARKET * 1 $407, % $380, % 13.4% NEWSTEAD ~ * f 15 $750, % $57, % 16.9% NORMAN PARK 5 N/A N/A $448, % 0.7% NORTHGATE 8 N/A N/A $394, % 31.5% NUNDAH ~ * 3 $345,50 1.8% $349, % 1.6% PADDINGTON 8 N/A N/A $448, % 9.3% RED HILL 5 N/A N/A $394,000-6.% 1.1% RICHLANDS 8 N/A N/A $336, % 15.5% RUNCORN 11 $310, % $309, % 30.7% SHERWOOD * 3 N/A N/A $449, % 38.3% SOUTH BRISBANE ~ 18 $433, % $47, % 18.4% SPRING HILL 17 $39,000 5.% $387, % 7.0% ST LUCIA ~ * 15 $480, % $488, % 8.8% STAFFORD 7 N/A N/A $395, % 31.4% SUNNYBANK 4 N/A N/A $385, % 33.9%

8 8 BRISBANE CITY UNITS & TOWNHOUSES continued SUNNYBANK HILLS 6 N/A N/A $357, % 40.6% TAIGUM t 5 N/A N/A $305, % 16.4% TARINGA ~ 6 $393, % $485,000.8% 53.% TENERIFFE ~ * f 46 $580, % $550, % N/A TOOWONG 0 $438, % $435, % 6.1% UPPER MOUNT GRAVATT 8 N/A N/A $40,33 4.8% 8.7% WAKERLEY 8 N/A N/A $41, % 14.8% WEST END * f 14 $486, % $534, % 13.4% WINDSOR ~ 5 N/A N/A $35, % 1.8% WOOLLOONGABBA * 10 $400, % $448, % 34.3% WYNNUM WEST 3 N/A N/A $31, % 0.5% YEERONGPILLY g 1 N/A N/A $400, % 16.1% YERONGA 16 $410, % $409, % 10.5% ZILLMERE 9 N/A N/A $371, % 34.9% VACANT URBAN LAND BRISBANE CITY (LGA) * 145 $95, % $85, % 19.7% BRISBANE CITY (LGA) ^ 6 N/A N/A $810, % 15.7% BRIDGEMAN DOWNS 3 N/A N/A $340, % 16.0% CARSELDINE 4 N/A N/A $335, % 4.1% DOOLANDELLA 3 $34,000 4.% $31, % 40.0% DREWVALE 1 N/A N/A $5, % 44.0% DURACK N/A N/A $31, % 43.5% FITZGIBBON * G 11 $187, % $19, % 1.3% MANLY WEST 14 $331,000 8.% $311,000.8% 19.% MOGGILL * 8 $47,500.3% $45, % 5.6% THE GAP ~ 5 $330, % $385, % 16.0% WAKERLEY * 11 $330, % $318, % 0.0% 3 BEDROOM HOUSES BRISBANE CITY $ $ BAYSIDE $ $ WYNNUM $ $ MANLY $ $ CITY INNER $ $ BRISBANE CITY $560 1 $ NEW FARM $ $ BOWEN HILLS $480 7 $ PADDINGTON $540 9 $ TOOWONG $ $ ST LUCIA $490 9 $ WEST END $55 34 $ WOOLOONGABBA $ $ EAST BRISBANE $ $ NORTH - INNER $ $ BEDROOM HOUSES continued 4010 ALBION $ $ CLAYFIELD $ $ NUNDAH $ $ LUTWYCHE $ $ GORDON PARK $380 4 $ ALDERLEY $ $45 75 NORTH - OUTER $ $ NORTHGATE $ $ VIRGINIA $370 3 $ BRACKEN RIDGE $ $ FITZGIBBON $380 5 $ CHERMSIDE $ $ ASPLEY $ $ BALD HILLS $ $350 NORTH WEST - INNER $ $ KELVIN GROVE $ $ ASHGROVE $ $ BARDON $ $480 8 NORTH WEST - OUTER $385 6 $ STAFFORD $ $ ARANA HILLS $ $ THE GAP $ $ SOUTH - INNER $ $ ANNERLEY $ $ YERONGA $ $ MOOROOKA $ $ GREENSLOPES $430 1 $ HOLLAND PARK $ $ MANSFIELD $ $ SOUTH - OUTER $ $ ROCKLEA $ $ SALISBURY $380 $ COOPERS PLAINS $360 3 $ MACGREGOR $380 9 $ ACACIA RIDGE $ $ EIGHT MILE PLAINS $ $ ALGESTER $380 $ CALAMVALE $ $ SOUTH EAST - INNER $ $ COORPAROO $450 6 $ CAMP HILL $ $ CANNON HILL $ $ BALMORAL $ $ MURARRIE $40 1 $ SOUTH EAST - OUTER $ $ GUMDALE $ $ TINGALPA $415 1 $ HEMANT $400 9 $ ASCOT $540 0 $480 1

9 9 BRISBANE CITY 3 BEDROOM HOUSES continued SOUTH WEST - INNER $ $ CHELMER $ $ CORINDA $ $ SOUTH WEST - OUTER $ $ BROOKFIELD $ $ ANSTEAD $ $ SEVENTEEN MILE ROCKS $ $ JINDALEE $ $ DARRA $ $ DOOLANDELLA $30 73 $ FOREST LAKE $ $ BEDROOM UNITS BRISBANE CITY $ $ BAYSIDE $ $ WYNNUM $310 9 $ MANLY $90 15 $80 16 CITY INNER $ $ BRISBANE CITY $ $ NEW FARM $ $ BOWEN HILLS $490 7 $ PADDINGTON $ $ TOOWONG $ $ ST LUCIA $ $ WEST END $ $ WOOLOONGABBA $40 55 $ EAST BRISBANE $ $ NORTH - INNER $ $ ASCOT $ $ ALBION $ $ CLAYFIELD $ $ NUNDAH $ $ LUTWYCHE $ $ GORDON PARK $ $ ALDERLEY $ $ NORTH - OUTER $ $ NORTHGATE $335 0 $ VIRGINIA $360 6 n.a BRACKEN RIDGE $300 0 $ FITZGIBBON $330 6 $ CHERMSIDE $ $ ASPLEY $ $ NORTH WEST - INNER $ $ KELVIN GROVE $415 7 $ ASHGROVE $350 3 $ BARDON $310 7 $335 7 NORTH WEST - OUTER $ $ STAFFORD $ $ SOUTH - INNER $ $ BEDROOM UNITS continued 3 BEDROOM TOWNHOUSES 4103 ANNERLEY $ $ YERONGA $ $ MOOROOKA $30 60 $ GREENSLOPES $ $ HOLLAND PARK $ $ MANSFIELD $ $ SOUTH - OUTER $ $ ROCKLEA $70 5 n.a SALISBURY $307 8 n.a MACGREGOR $ $ EIGHT MILE PLAINS n.a. n.a ALGESTER $85 6 $90 7 SOUTH EAST - INNER $ $ COORPAROO $ $ CAMP HILL $ $ CANNON HILL $ $ BALMORAL $ $ SOUTH EAST - OUTER $90 8 $ TINGALPA $90 7 $90 11 SOUTH WEST - INNER $ $ CHELMER $ $ CORINDA $30 48 $ SOUTH WEST - OUTER $ $ FOREST LAKE $340 5 $35 7 BRISBANE CITY $ $ BAYSIDE $ $ WYNNUM $ $ MANLY $ $390 6 CITY INNER $ $ BRISBANE CITY n.a. 3 n.a BOWEN HILLS $550 9 n.a PADDINGTON $ $ TOOWONG n.a. 3 $ ST LUCIA $495 8 $ WEST END $645 7 $750 7 NORTH - INNER $ $ ASCOT $500 7 $ CLAYFIELD $ $ NUNDAH $ $ LUTWYCHE $ $ GORDON PARK $460 1 $ ALDERLEY $460 8 $ NB Median rents are collated by POSTCODE and are based upon new bonds lodged for the quarter. The suburb listed is an example of one of the suburbs found within that postcode.

10 10 BRISBANE CITY 3 BEDROOM TOWNHOUSES continued NORTH - OUTER $ $ NORTHGATE $440 8 $ BRACKEN RIDGE $ $ FITZGIBBON $ $ CHERMSIDE $40 30 $ ASPLEY $ $ NORTH WEST - INNER $ $ KELVIN GROVE $570 8 $ ASHGROVE $455 6 n.a. 3 NORTH WEST - OUTER $ $ STAFFORD $410 4 $ ARANA HILLS $370 6 n.a THE GAP $40 6 $40 5 SOUTH - INNER $ $ ANNERLEY $465 $ YERONGA $400 1 $ MOOROOKA $ $ GREENSLOPES $480 6 $ HOLLAND PARK $400 1 $ MANSFIELD $ $ SOUTH - OUTER $ $ SALISBURY $460 7 $ MACGREGOR $ $ ACACIA RIDGE $340 7 n.a. 4 3 BEDROOM TOWNHOUSES continued 411 KURABY $365 $ EIGHT MILE PLAINS $ $ ALGESTER $ $ CALAMVALE $ $ SOUTH EAST - INNER $ $ COORPAROO $ $ CAMP HILL $ $ CANNON HILL $ $ BALMORAL $ $ MURARRIE $460 6 $465 8 SOUTH EAST - OUTER $ $ BELMONT $45 8 $ GUMDALE $ $ TINGALPA $375 $370 1 SOUTH WEST - INNER $ $ CHELMER $500 $ CORINDA $ $ SOUTH WEST - OUTER $ $ BROOKFIELD n.a. 4 n.a SEVENTEEN MILE ROCKS $ $ JINDALEE $40 1 $ DARRA n.a. n.a DOOLANDELLA $ $ FOREST LAKE $340 3 $ GREATER BRISBANE HOUSE AND UNIT MARKET Brisbane s surrounding council areas generally produced stable results over the June quarter. The clear standout, however, was Moreton Bay which was actually the top performing major region across the State with median house price growth of 5.3 per cent to $379,000. Moreton Bay has a variety of more affordable suburbs which are still within commuting distance of the CBD. Its location and supply of affordable housing is therefore attractive to first home buyers and investors. Redland City also performed well, posting median house price growth of 4.3 per cent to $438,50 over the quarter. The Redlands area is about 537sqm and consists of both mainland and island communities. It is located on Moreton Bay and borders Brisbane City, Logan City and the Gold Coast. Logan City s median house price decreased 1.5 per cent to $330,000 over the quarter; while Ipswich s median house price decreased 3.3 per cent to $90,000, possibly due to increased first home buyer activity at the affordable end of the market. The top performer for units and townhouses over the quarter was Redland which recorded median price growth of.4 per cent to $315,000. Ipswich s median unit and townhouse price spiked by 0.6 per cent over the quarter to $65,350 however this was based on only 8 preliminary sales which can easily be affected by the varying quality of stock that is often sold from quarter to quarter.

11 11 GREATER BRISBANE VACANT LAND MARKET When it comes to vacant land, it is Brisbane s surrounding shires that have the lion s share of stock available. The highest numbers of preliminary land sales were recorded in Moreton Bay with 108 sales and a median price of $06,800. Ipswich has the most affordable land available, however, with a median land price of $170,500 and 90 sales recorded. RENTAL MARKET For the Greater Brisbane area, vacancy rates remain at healthy levels, however slightly tighter conditions were recorded for Moreton Bay and Redland City council areas. The rental market within the Logan City area continues to improve with vacancy rates now at a healthy 3 per cent. With the market steady, agents are seeing two to five applicants per listing with a vacancy length of around two weeks. Some are also reporting that larger, more expensive properties appear to be more sought after. Vacancy levels remained unchanged for Ipswich City at.8 per cent, with signs that affordability is a major concern within the rental market. Agents from REIQ accredited agencies have reported that some applicants have showed preference towards cheaper NRAS properties and even some families joining together to occupy 4 to 5-plus bedroom properties. For the Redland City area, vacant properties located on the mainland remain scarce, with the June vacancy level remaining steady at.3 per cent. al properties within the bay islands area are still in over-supply however the majority of the Redland rental market is experiencing tight conditions, with most vacancies taking one to two weeks to let. Meanwhile, Moreton Bay s rental market fell to.6 per cent, largely due to tighter conditions reported for the Caboolture area, which agents have attributed to a lack of supply due to a slowdown in investor activity. als through the Moreton Bay area are currently taking one to two weeks to let. HOUSES BRISBANE (SD) 3,146 $433, % $430, % 1.8% BRISBANE (SD) ^ 46 $540, % $540, % 1.5% IPSWICH CITY (LGA) 37 $90, % $300, % 17.9% IPSWICH CITY (LGA) ^ ~ 6 $480, % $440, % 13.1% AUGUSTINE HEIGHTS * ~ 7 $500, % $446, % -4.3% BELLBIRD PARK 6 N/A N/A $87, % 1.7% BRASSALL 15 $310, % $310, % 11.3% BUNDAMBA 6 N/A N/A $61, % 16.0% CAMIRA 9 $340, % $35, % 13.6% COLLINGWOOD PARK ~ 1 $76, % $307, % 7.3% EAST IPSWICH 6 N/A N/A $57, % 9.6% EASTERN HEIGHTS 6 N/A N/A $79, %.4% FLINDERS VIEW ~ 18 $401, % $375, % 39.9% GOODNA ~ 9 $60, % $6, % 6.9% KARALEE ^ 5 $45,000.4% $445, % 7.% LEICHHARDT 4 N/A N/A $5, % 13.4% NORTH BOOVAL 5 N/A N/A $188, % -14.3% NORTH IPSWICH 9 $55, % $55, % 6.3% RACEVIEW 16 $77, % $80, % 9.8% REDBANK PLAINS 19 $68, % $80, % 13.% SILKSTONE 5 N/A N/A $66, % 1.1% SPRINGFIELD ~ 10 $37, % $373,500.3% 0.5% SPRINGFIELD LAKES ~ 19 $358, % $374, % 6.9% TIVOLI ~ 8 $70, % $46,50-9.5% 17.0% YAMANTO * 10 $315,000-4.% $330, % 18.3% LOGAN CITY (LGA) 340 $330, % $335, % 17.5% LOGAN CITY (LGA) ^ ~ 83 $490,000.5% $485, % 10.4% BEENLEIGH ~ 1 $60, % $8, %.3% BETHANIA 5 N/A N/A $85, % 8.8% BORONIA HEIGHTS 1 $313,500.1% $300,000-3.% 17.6% BROWNS PLAINS ~ 11 $31, % $85, % 9.% CEDAR GROVE ^ ~ 6 $430, % $395,000.6% 11.3% CEDAR VALE ^ 3 N/A N/A $417, % 16.0% CORNUBIA 3 N/A N/A $45, % 8.3% CRESTMEAD ~ 0 $81, % $80, % 1.0% DAISY HILL 18 $38, % $400, % 17.6% EAGLEBY ~ 13 $75, % $5, % 8.6% Direct Connect makes moving easy for your customers by arranging their utility connections and other moving solutions. We invite you to experience the difference with us today. CALL US ON or visit agents.directconnect.com.au

12 1 greater brisbane HOUSES continued EDENS LANDING 7 $319,000-4.% $338, % 9.6% FORESTDALE ^ 3 N/A N/A $497, % -6.0% GREENBANK ^ 9 $500, % $550, % 6.4% HERITAGE PARK 11 $383,000.1% $377,000-0.% 6.% HILLCREST ~ 16 $317, % $36,50-5.4%.% JIMBOOMBA 4 N/A N/A $359, % 4.9% JIMBOOMBA ^ 6 $41, % $45, % 9.7% KINGSTON 16 $5, % $49, % 8.3% LOGAN CENTRAL 10 $49, % $65, % 16.0% LOGAN VILLAGE ^ ~ 6 $450,000-0.% $480, % 15.7% LOGANHOLME ~ 6 N/A N/A $338, % 17.9% LOGANLEA ~ 10 $95, % $73, % 6.4% MARSDEN * 18 $305, % $310, %.4% MEADOWBROOK 5 N/A N/A $365,000-5.% 14.4% MOUNT WARREN PARK 11 $335, % $330, % 4.8% MUNDOOLUN ^ 5 $450, % N/A N/A N/A MUNRUBEN ^ ~ 8 $460, % $475, % 10.7% NEW BEITH ^ 6 $53, % $519, % 3.5% REGENTS PARK 3 $319, % $331, % 9.8% ROCHEDALE SOUTH 9 $390, % $395,000-3.% 19.7% SHAILER PARK 18 $446,500.6% $443, % 15.3% SLACKS CREEK 8 $35, % $67, % 3.5% SPRINGWOOD ~ 11 $440,000 1.% $391, % 1.% TANAH MERAH 5 N/A N/A $367, % 9.6% UNDERWOOD 9 $468, % $477, % 40.9% WATERFORD 3 N/A N/A $385, % 11.1% WATERFORD WEST 8 $81, % $95, %.% WINDAROO N/A N/A $415,000.5% 1.3% WOODRIDGE 9 $30,000-4.% $43, % 8.8% HOUSES continued BONGAREE ~ f 9 $45, % $37, % 6.4% BRAY PARK 3 $345, % $349, % 0.9% BURPENGARY ~ 1 $300, % $335, % 17.5% BURPENGARY ^ 7 $490, % $50, % 15.6% BURPENGARY EAST ^ 7 $475, % $480,000-4.% 6.7% CABOOLTURE 0 $8, % $80, % 1.0% CABOOLTURE ^ 5 $480, % $445, % 8.0% CABOOLTURE SOUTH ~ 10 $9, % $75, % 16.% CASHMERE 7 $517, % $530, % 1.4% CLONTARF ~ 14 $33, % $38, % 11.4% DECEPTION BAY 5 $7, % $85, % 8.4% EATONS HILL 9 $55,000 8.% $513, % 19.6% ELIMBAH ^ ~ 6 $538, % $497,500.6% 13.5% EVERTON HILLS 1 N/A N/A $445, % 7.1% FERNY HILLS 15 $44, % $45, % 19.7% GRIFFIN ~ 4 N/A N/A $390, % 1.6% JOYNER ~ 7 $391, % N/A N/A N/A KALLANGUR 34 $311, % $35, % 13.4% KIPPA-RING 18 $330, % $346, % 17.3% LAWNTON 6 N/A N/A $35, % 18.% MANGO HILL 0 $40, % $41,09-4.9% 18.0% MARGATE 17 $39, % $334, % 9.1% MORAYFIELD 3 $305,000.3% $305, % 13.0% MORAYFIELD ^ ~ 10 $505, % $480, % 5.0% MURRUMBA DOWNS 11 $410,000 6.% $399, % 15.7% NARANGBA 3 $415, % $398, % 1.1% NARANGBA ^ ~ 5 $485, % N/A N/A N/A NEWPORT ~ f 5 N/A N/A $744, % -1.7% NINGI ^ 4 N/A N/A $415, % -1.% NORTH LAKES 54 $49,500.3% $430,65 -.1% 9.3% MORETON BAY (LGA) 567 $379, % $370, % 15.6% MORETON BAY (LGA) ^ 83 $50, % $540, % 11.6% ALBANY CREEK ~ 8 $493, % $467, % 15.3% ARANA HILLS ~ 10 $46,750-9.% $436, % 0.7% BANKSIA BEACH ~ 13 $550, % $467, % 10.0% BEACHMERE N/A N/A $33, % 4.8% BELLARA 6 N/A N/A $300, % 3.4% BELLMERE ~ 4 N/A N/A $316, % 1.6% PETRIE ~ 14 $371, % $356,500-6.% 17.7% REDCLIFFE ~ 11 $359, % $3, % 4.7% ROTHWELL 11 $350, % $350, % 7.7% SAMFORD VALLEY ^ N/A N/A $801, % 14.4% SANDSTONE POINT 7 $360, % $367, % 9.7% SCARBOROUGH ~ f 18 $360, % $367, % -11.% STRATHPINE 11 $305, % $310, % 11.9% UPPER CABOOLTURE ^ N/A N/A $497, % 10.6% BRISBANE SURROUNDS' HOUSE SALES <$350,000 $350,000+ $500,000+ $1m+ BRISBANE SURROUNDS' UNIT SALES <$50,000 $50,000+ $350,000+ $500,000+ $1m INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL

13 13 greater brisbane HOUSES continued WARNER 5 $444,000.7% $445, % 1.8% UNITS & TOWNHOUSES continued WOODRIDGE 1 $170, % $185, % 19.4% WARNER ^ 4 N/A N/A $70, % 4.0% WOODY POINT ~ 8 $371, % $338, % -1.9% MORETON BAY (LGA) $330, % $330, % 6.4% BELLARA 8 $193,54 N/A $10, % -5.3% REDLAND CITY (LGA) 9 $438,50 4.3% $430, % 13.% REDLAND CITY (LGA) ^ ~ 17 $775, % $775, % 7.6% ALEXANDRA HILLS 33 $380, % $375, % 10.9% BIRKDALE 9 $438, % $438, % 8.1% CAPALABA 19 $385, % $385, % 14.9% CAPALABA ^ 5 $775, % $750, % 10.0% CLEVELAND 34 $480, % $489,000 -.% 6.8% MACLEAY ISLAND ~ f 8 $0, % $08, % -1.9% MOUNT COTTON 7 $458,900.0% $460, % 7.3% ORMISTON 1 $540, % $540, % 0.9% REDLAND BAY 3 $488, % $453, % 10.9% RUSSELL ISLAND 6 N/A N/A $18, % -.1% THORNESIDE 4 N/A N/A $361, % 1.3% BONGAREE * f 8 $316, % $98, % 6.8% BRENDALE t 1 $39,000 N/A $49, % 10.5% CABOOLTURE * 1 $3, % $300, % 60.4% DECEPTION BAY * t 4 N/A N/A $6, % 6.1% KIPPA-RING 9 $68, % $79, % 8.1% LAWNTON 6 N/A N/A $75, % 31.0% MANGO HILL * t 9 $335, % $339, % N/A MURRUMBA DOWNS 4 N/A N/A $349, %.9% NORTH LAKES * t 13 $363, % $35, % 3.1% PETRIE * t 8 $339,000.7% $330, % 51.7% REDCLIFFE * f 8 $355, % $365, % 9.0% SCARBOROUGH f t 13 $375, % $360, % -16.3% WOODY POINT 4 N/A N/A $35, % 37.1% THORNLANDS ^ ~ 6 $439,50-1.7% $505, % 15.4% VICTORIA POINT 31 $445, % $433, % 5.7% WELLINGTON POINT ~ $537, % $499, % 11.9% SURROUNDS LOCKYER VALLEY (LGA) ~ 10 $43,500 7.% $31, % 15.5% LOCKYER VALLEY (LGA) ^ ~ 7 $308, % $3,50-5.9% 17.% GATTON ~ 6 N/A N/A $57, %.6% REGENCY DOWNS^ 3 N/A N/A $310, % 4.0% WITHCOTT ^ ~ N/A N/A $359, % 19.7% REDLAND CITY (LGA) f 50 $315,000.4% $33, %.3% CAPALABA ~ t 13 $87, % $80, % 1.0% CLEVELAND 0 $300, % $347, % 10.% VACANT LAND BRISBANE (SD) ~ * 460 $15, % $17,000 6.% 4.0% BRISBANE (SD) ^ ~ 55 $80, % $300, % 7.7% IPSWICH CITY (LGA) + * 77 $170, % $179, % 16.3% IPSWICH CITY (LGA) ^ 8 N/A N/A $47, % 0.9% SOMERSET (LGA) ~ 18 $38,750 N/A $40, % 9.7% SOMERSET (LGA) ^ ~ 14 N/A N/A $335, % 13.6% LOWOOD 4 N/A N/A $15, % 15.0% AUGUSTINE HEIGHTS * 11 $00, % $17, % -.3% BRASSALL 3 N/A N/A $177,000-0.% 14.% BROOKWATER + ~ * N/A N/A N/A N/A N/A DEEBING HEIGHTS 3 N/A N/A $170, % 6.6% UNITS & TOWNHOUSES BRISBANE (SD) 1,416 $376,500 3.% $37, % 0.4% GOODNA 5 $177, % $185,000.8% 7.6% KARALEE ^ N/A N/A $50, % 3.5% RACEVIEW * 4 N/A N/A $171,500-4.% 14.3% IPSWICH CITY (LGA) - * t 7 $0, % $69, % 0.0% REDBANK PLAINS 5 N/A N/A $88, % 8.4% REDBANK PLAINS ~ * 1 $156, % $166, % 7.4% SPRINGFIELD LAKES * 16 $191, % $188, % 1.6% LOGAN CITY (LGA) - * t 91 $6, % $94, % 50.0% BEENLEIGH * 3 N/A N/A $9, % 36.7% EAGLEBY 6 N/A N/A $310, % 6.7% HILLCREST * t 6 N/A N/A $333, % 84.7% LOGANLEA ~ * 8 $301,50 58.% $335, % 31.4% MARSDEN ~ * 14 $38, % $38, % 50.0% SHAILER PARK 6 N/A N/A $65, % 6.8% SPRINGWOOD 3 N/A N/A $6,000 -.% 1.9% BRISBANE SURROUNDS' LAND SALES <$50,000 $50,000+ $350,000+ $500, Includes REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL

14 14 greater brisbane VACANT LAND continued LOGAN CITY (LGA) * 59 $07, % $10, % 31.7% LOGAN CITY (LGA) ^ 13 N/A N/A $44, % 31.9% BAHRS SCRUB 6 $9,500-0.% $30, % N/A JIMBOOMBA ~ 6 $136, % $175,000-6.% 9.% JIMBOOMBA ^ 3 N/A N/A $10, % 4.1% LOGANLEA 6 $196,500 N/A N/A N/A N/A MARSDEN N/A N/A $198, % 30.3% UNDERWOOD * 7 $90, % $83, % 14.1% WATERFORD * 11 $07, % $191,000 -.%.8% 3 BEDROOM HOUSES IPSWICH CITY $ $ AUGUSTINE HEIGHTS $ $ COLLINGWOOD PARK $ $ DINMORE $65 19 $ BLACKSTONE $ $ BASIN POCKET $ $ AMBERLEY $310 5 $ ASHWELL $80 17 $75 16 LOGAN CITY $ $ KINGSTON $ $ MORETON BAY (LGA) $06, % $05, % 19.9% MORETON BAY (LGA) ^ 7 $30, % $37,000-9.% 3.4% BANKSIA BEACH + * f N/A N/A $430, % 50.9% CABOOLTURE ~ * 8 $180, % $190, % 0.3% CASHMERE 3 N/A N/A $331,65.0% 84.% DAKABIN * 5 $194, % $183, % N/A EVERTON HILLS 0 N/A N/A $310, % 1.6% GRIFFIN * 10 $06, % $07, % N/A KALLANGUR * 4 N/A N/A $191, % 14.0% LAWNTON 5 $30, % $30,000 N/A 4.0% MORAYFIELD + * 4 N/A N/A $188, % 0.5% NARANGBA ~ * 16 $19, % $195, % 15.7% NORTH LAKES * 8 $13, % $06, % 0.5% WARNER * 11 $35,000.% $34, % 37.7% REDLAND CITY (LGA) ¹ ~ 58 $194, % $40, % 166.7% Redland City - Bay Islands ~ f 8 $6, % $30, % -30.% MACLEAY ISLAND ~ f 5 $35, % $40, % -0.0% RUSSELL ISLAND ~ f 3 $6, % $6, % -6.4% Redland City - Mainland 30 $59, % $60, % 10.6% MOUNT COTTON * 16 $60, % $59, % 14.1% REDLAND BAY 0 N/A N/A $65, % 3.3% THORNLANDS * 6 $53,000 N/A $61,000-9.% 5.7% VICTORIA POINT N/A N/A $53, % 0.5% SURROUNDS LOCKYER VALLEY (LGA) G 13 N/A N/A $90, % -0.3% LOCKYER VALLEY (LGA) ^ G $1, % $10, % -3.3% GRANTHAM * G 3 N/A N/A $5, % N/A GRANTHAM ^ * G 6 $0, % $0, % -77.6% LAIDLEY 5 $135, % N/A N/A N/A REGENCY DOWNS ^ 3 N/A N/A $136, % 60.9% SOMERSET (LGA) 11 N/A N/A $19, % 3.3% SOMERSET (LGA) ^ 7 N/A N/A N/A N/A N/A FERNVALE * 4 N/A N/A $149,000.8% 40.6% LOWOOD * 3 N/A N/A $15, % 30.% 4118 BROWNS PLAINS $ $ UNDERWOOD $340 9 $ PRIESTS GULLY $ $ BORONIA HEIGHTS $ $ MUNRUBEN $400 5 n.a CHATSWOOD HILLS $ $ KIMBERLEY PARK $370 5 $ LOGANDALE $350 8 $ CARBROOK $ $ LOGANLEA $ $ CRESTMEAD $30 10 $ CHAMBERS FLAT $ $ BETHANIA $30 15 $ ALBERTON $ $ JIMBOOMBA $ $390 3 MORETON BAY REGIONAL $ $ CLONTARF $30 80 $ NEWPORT $ $ KIPPA-RING $340 6 $ ROTHWELL $30 10 $ ALBANY CREEK $390 3 $ EATONS HILL $400 7 $ BUNYA $ $ BRAY PARK $ $ LAWNTON $330 9 $ FRENCHS FOREST $35 6 $ DAKABIN $330 9 $ NARANGBA $30 1 $ BURPENGARY $ $ MOORINA $85 49 $ BANKSIA BEACH $ $ DECEPTION BAY $95 91 $ MANGO HILL $ $ BALINGOOL $80 00 $ GODWIN BEACH $300 3 $ BELLTHORPE $90 5 $ ARMSTRONG CREEK $350 7 $ CAMPBELLS POCKET $370 7 $ REDLAND CITY $ $370 36

15 15 greater brisbane 3 BEDROOM HOUSES continued BEDROOM UNITS 4157 CAPALABA $ $ THORNESIDE $ $ AQUATIC PARADISE $375 3 $ EROBIN $ $ ALEXANDRA HILLS $ $ CLEVELAND $ $ PINKLANDS $ $ MOUNT COTTON $ $ COOCHIEMUDLO ISLAND $30 73 $35 45 LOCKYER VALLEY REGIONAL $70 95 $ BLENHEIM $65 41 $ CROWLEY VALE $60 8 $ ADARE $85 41 $80 53 SOMERSET REGIONAL $80 56 $ ATKINSONS DAM $80 1 $ BIARRA $30 5 $ GLENFERN $95 18 $95 19 IPSWICH CITY $45 17 $ AUGUSTINE HEIGHTS $45 18 $ COLLINGWOOD PARK $50 9 $ BLACKSTONE $40 3 $ BASIN POCKET $35 55 $35 48 LOGAN CITY $50 74 $ KINGSTON $50 79 $ BROWNS PLAINS n.a. 3 $ PRIESTS GULLY $90 11 $ CHATSWOOD HILLS $ $ KIMBERLEY PARK $80 15 $ LOGANLEA n.a. 1 $ CRESTMEAD $50 8 $ CHAMBERS FLAT $17 33 $ ALBERTON $60 97 $50 59 MORETON BAY REGIONAL $ $ CLONTARF $60 84 $ NEWPORT $90 93 $ KIPPA-RING $80 7 $ BRAY PARK $90 3 $ LAWNTON $60 11 $ DAKABIN $75 1 $ BURPENGARY $55 7 $ MOORINA $60 6 $ BANKSIA BEACH $60 58 $ DECEPTION BAY $85 5 $ MANGO HILL $310 5 $ BALINGOOL $35 79 $ GODWIN BEACH n.a. 4 n.a. 4 REDLAND CITY $ $35 57 BEDROOM UNITS continued 3 BEDROOM TOWNHOUSES 4157 CAPALABA $305 8 $ AQUATIC PARADISE $30 7 n.a EROBIN $340 7 n.a CLEVELAND $ $ MOUNT COTTON n.a. 3 n.a. 4 LOCKYER VALLEY REGIONAL $30 0 $ BLENHEIM n.a. 0 n.a ADARE $40 16 $30 19 SOMERSET REGIONAL n.a. 3 $30 8 IPSWICH CITY $96 78 $ AUGUSTINE HEIGHTS $30 4 $ COLLINGWOOD PARK $75 4 $ BLACKSTONE $ $ BASIN POCKET $90 14 $95 0 LOGAN CITY $ $ KINGSTON $ $ BROWNS PLAINS $ $ PRIESTS GULLY $340 7 $ CHATSWOOD HILLS $ $ KIMBERLEY PARK $30 15 $ LOGANLEA $341 1 $ CRESTMEAD $ $ CHAMBERS FLAT $ $ ALBERTON $30 98 $ MORETON BAY REGIONAL $ $ CLONTARF $310 1 $ NEWPORT $340 0 $ KIPPA-RING $30 49 $ ROTHWELL $ $ BUNYA $360 8 $ BRAY PARK $335 9 $ LAWNTON $ $ FRENCHS FOREST $ $ DAKABIN $ $ BURPENGARY $300 5 $ MOORINA $ $ BANKSIA BEACH n.a. 3 $ DECEPTION BAY $ $ MANGO HILL $ $ BALINGOOL $80 39 $50 0 REDLAND CITY $ $ CAPALABA $335 6 $ THORNESIDE $360 6 $ AQUATIC PARADISE n.a. 1 n.a EROBIN $ $ CLEVELAND $380 4 $ MOUNT COTTON $370 3 $365 16

16 16 GOLD COAST House and unit markets The Gold Coast s median house price increased.8 per cent to $467,000 over the June quarter. Agents from REIQ accredited agencies say that for the first time in many years the market was showing signs of stabilising. Although the yearly change in median house price is negative, this quarter s results indicate a positive turnaround. The key drivers of the shift are mainly affordability and increased confidence in the market. Another welcome shift is the return of interstate investors to the Gold Coast market. Agents have reported that buyers from Sydney and Melbourne, the traditional investors in this region, are seeing value in the market once again. Agent reports indicate first home buyers have also been reasonably active over the quarter in certain price ranges. In particular, the $400,000 bracket is being considered good value by buyers in the entry-level market. Unlike previous quarters, sellers were prepared to meet market conditions, which was a significant factor in driving affordability, local agents say. In the upper-end of the market there were a number of stand-out suburbs. Paradise Point performed particularly well over the quarter with a median house price increase of 17.8 per cent to $795,000. Plans for a port, the light rail and the impending Commonwealth Games are key contributors to creating a positive lifestyle image for the Gold Coast. Additionally, a change in government and increased tourism to the region all bode well for consumer confidence. The median unit and townhouse price on the Gold Coast increased 1 per cent over the June quarter to $345,000. While the yearly change is negative, REIQ accredited agents representing the dense unit market of the region are pleased to see an increase recorded. A solid performer over the quarter was Robina which recorded a median price growth of 15.6 per cent to $50,000 however this can be partly attributed to the varying quality of stock sold over the period. Robina has reported a yearly median price increase of.1 per cent. Robina is around 11km from Surfers Paradise and highly accessible, with excellent transport options available. The suburb enjoys smooth links to the Pacific Motorway and Gold Coast Highway and is situated on the Brisbane-Gold Coast railway line. Vacant land market The Gold Coast vacant land market saw steady sales activity for the June quarter with the median sale price remaining unchanged at $39,985. The suburb of Reedy Creek recorded a significant increase of 6.7 per cent to $79,900. Reedy Creek is located 18km from Surfers Paradise and is situated in close proximity to Tallebudgera Valley. The area features the rural lifestyle with acreage properties, while still being close to Burleigh and Robina, thus offering acreage living while still being close to the beach. al market The Gold Coast rental market has remained steady reporting a vacancy rate of 4 per cent in June, which is still a solid improvement over the extremely weak conditions seen over a year ago. However, a lack of confidence within the rental market is pervading with less than two applicants per listing, influenced by poor economic conditions. REIQ accredited agents are reporting that the tourism and retail industries are still struggling and employment opportunities are low and this is causing a domino effect with consumer confidence. Additionally, rents within the area are still considered high, despite falling prices and an oversupply of properties. GOLD COAST HOUSE SALES <$350,000 $350,000+ $500,000+ $1m+ GOLD COAST UNIT SALES <$50,000 $50,000+ $350,000+ $500,000+ $1m