REIQ REAL ESTATE INSTITUTE QUEENSLAND

Transcription

1 your state-wide property research guide - suburb by suburb REIQ REAL ESTATE INSTITUTE QUEENSLAND ISSUE 12 The market continues to make up some of the ground it lost earlier this year but the continuing patchy economic conditions means sales remain significantly below long-term historical averages Proud to be REIQ accredited SEPTEMBER QTR 2011 STATE-WIDE SUMMARY HOUSE AND UNIT MARKETS The Queensland residential property market made an impressive comeback over the September quarter with sales activity strengthening across the State. The preliminary number of house sales was up a healthy 17 per cent in Queensland compared to the June quarter. Some regions recorded substantial jumps in activity as buyers finally started to foray back into the market. However, while activity in most areas improved markedly over the period compared to the first six months of this year, sales activity over the year is still about 20 per cent below the previous 12 months. While activity has strengthened, median house prices remain soft with only the Gold Coast and Cairns posting positive price growth over the period. The announcement that the Gold Coast will host the 2018 Commonwealth Games will also provide much-needed stimulus to its economy and property market. The market continues to make up some of the ground it lost earlier this year but the continuing patchy economic conditions mean sales remain significantly below long-term historical averages. QUARTERLY PRICE MOVEMENTS LGA HOUSES UNITS LAND SOUTHEAST QLD BRISBANE (SD) -1.7% -1.6% 3.9% BRISBANE CITY -2.0% -0.7% -4.0% * IPSWICH CITY -3.2% -19.3% * t -0.7% LOGAN CITY -4.2% -3.8% -1.9% MORETON BAY -2.6% -7.9% * -0.2% REDLAND CITY -1.9% 0.6% 21.0% ¹ ~ GOLD COAST CITY 2.2% -7.6% * 26.3% * f SUNSHINE COAST -4.4% -4.2% ~ -3.7% * MAJOR REGIONS TOOWOOMBA -7.3% ~ 0.8% 17.2% ~ * FRASER COAST -1.8% 20.1% * f -18.3% ~ * BUNDABERG -3.6% -0.7% 3.6% GLADSTONE -0.1% -23.2% * f t 4.7% * ROCKHAMPTON -0.1% 7.2% * t 0.0% MACKAY -0.8% -2.1% 0.0% TOWNSVILLE CITY -5.8% * 4.4% * -1.8% CAIRNS 1.2% -2.7% * f 0.9% See page 41 for REIQ explanatory notes Over the quarter, there was a 27 per cent increase in sales below $350,000 as buyers sought out affordable property, especially in regional areas. The median house price in Brisbane reduced 2 per cent to an even $500,000 over the period. Conversely, the number of preliminary house sales was up 13 per cent.

2 2 table of contents Queensland market update: State-wide summary (cont d) 2 Regional market updates: state-wide summary QUEENSLAND HOUSE SALES <$350,000 $350,000+ $500,000+ $1m Brisbane City Greater Brisbane Gold Coast 16 Toowoomba Source: REIQ, data provided by PriceFinder Sunshine Coast 21 Fraser Coast 24 Bundaberg 26 Gladstone 28 Rockhampton 30 QUEENSLAND UNIT SALES <$250,000 $250,000+ $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 <$250,000 $250,000+ $350,000+ $500,000+ $1m Source: REIQ, data provided by PriceFinder If excellent service, real guarantees and great rewards are what really matter to you, we invite you to contact Direct Connect today. CALL US NOW or visit agents.directconnect.com.au

3 3 state-wide summary The Gold Coast posted a rise of 2.2 per cent to $469,950 with sales up 11 per cent. Demand for homes in Gladstone continues to be very strong with sales up more than 50 per cent over the quarter. However, there was a marked swing towards more affordable property which resulted in its median house price dropping marginally by 0.1 per cent to $440,000 over the period. The Fraser Coast, Bundaberg, Rockhampton and Cairns also all recorded double-digit growth in the number of house sales over the quarter. The number of preliminary sales of all units and townhouses in Queensland increased seven per cent compared to June. There was a marked increase in the number of unit and townhouse sales under $500,000 across the state, especially sales between $250,000 and $350,000, which were up 18 per cent compared to the June quarter. Median prices eased in many areas, partly due to the rise in sales within this more affordable band of properties. A solid performer over the September quarter was Rockhampton which recorded a 7.2 per cent growth in its median unit and townhouse price to $289,500, partially due to the sale of properties within new unit or townhouse developments. Likewise, Townsville posted a median price increase of 4.4 per cent to $320,000 over the quarter due in part to the sale of new stock. The Brisbane median unit and townhouse price decreased 0.7 per cent to $392,250 over the quarter. The preliminary numbers of sales was up 18 per cent compared to the June quarter. VACANT LAND MARKET Land sales across the state were up 25 per cent for blocks less than 2,400m 2 with increased activity recorded in South East Queensland as well as regional areas. The activity coincides with the introduction of the Queensland Building Boost at the start of August which had attracted about 2,000 grants by the beginning of December. The boost expires at the end of January During the month of August alone, land sales were up around 10 per cent on that recorded during the month of July. Acreage blocks were also up, particularly around the regional areas, where large properties are being snapped up for residential development. Gladstone, Rockhampton and Mackay all saw acreage land sales double compared to the June quarter. MEDIAN PRICES - SEPT QUARTER 2011 LGA HOUSES UNITS LAND SOUTHEAST QLD BRISBANE (SD) $427,500 $369,000 $209,900 BRISBANE CITY $500,000 $392,250 $264,000 IPSWICH CITY $300,000 $197,000 $177,900 LOGAN CITY $335,250 $264,500 $205,000 MORETON BAY $370,000 $290,000 $199,500 REDLAND CITY $427,000 $332,000 $72,000 GOLD COAST CITY $460,750 $332,500 $303,000 SUNSHINE COAST $430,000 $340,000 $234,500 MAJOR REGIONS TOOWOOMBA $275,000 $240,000 $135,900 FRASER COAST $275,000 $320,000 $135,000 BUNDABERG $270,000 $270,000 $144,000 GLADSTONE $440,000 $341,000 $225,000 ROCKHAMPTON $312,000 $289,500 $150,000 MACKAY $410,000 $302,500 $175,000 TOWNSVILLE CITY $358,000 $320,000 $160,000 CAIRNS $350,500 $219,000 $170,000 SALES ACTIVITY - SEPT QUARTER 2011 LGA HOUSES UNITS LAND SOUTHEAST QLD BRISBANE (SD) up up up BRISBANE CITY up up up IPSWICH CITY up steady down LOGAN CITY up steady down MORETON BAY up steady up REDLAND CITY steady steady steady GOLD COAST CITY up steady strong SUNSHINE COAST up up up MAJOR REGIONS TOOWOOMBA up steady up FRASER COAST up steady steady BUNDABERG up up up GLADSTONE strong strong strong ROCKHAMPTON up steady up MACKAY up up strong TOWNSVILLE CITY steady up up CAIRNS up up steady

4 4 state-wide summary RENTAL MARKET al vacancy rates across many areas of Queensland have tightened over recent months. The REIQ s September residential rental survey found the low number of investors in the property market contributed to the tightening of vacancy rates between June and September this year. Five local government areas recorded a vacancy rate less than 2 per cent in September, up from just two at the end of June, while nine recorded a vacancy rate between 2 and 4 per cent. A vacancy rate of 3 per cent is generally accepted as a balanced rental market. The vacancy rate in Brisbane is 2.3 per cent, while Logan recorded 1.8 per cent. The state s tourism centres of the Gold, Sunshine and Fraser coasts, as well as Cairns, are still experiencing an oversupply of stock, however, the vacancy rate in Cairns improved to 3.1 per cent in September. Central Queensland mining areas are the opposite of our tourism top spots with demand far out-stripping supply as a number of multibillion-dollar projects attract thousands of new residents. The vacancy rate in Gladstone in September was 0.7 per cent. LGA 3 BED HOUSE 2 BED FLAT 3 BED T HSE SOUTHEAST QLD BRISBANE CITY $390 u $380 u $400 u IPSWICH CITY $290 u $240 - $300 u LOGAN CITY $320 - $250 - $320 - MORETON BAY $320 - $265 - $320 - REDLAND CITY $365 u $320 u $370 u GOLD COAST CITY $400 - $340 - $360 - SUNSHINE COAST $365 - $295 - $360 d MAJOR REGIONS TOOWOOMBA $270 - $210 u $275 - FRASER COAST $260 u $210 - $300 u BUNDABERG $265 - $205 - $280 - GLADSTONE $430 u* $320 u* $550 u* ROCKHAMPTON $310 u $240 u $330 u* MACKAY $420 u* $315 u* $450 u* TOWNSVILLE CITY $340 u $275 - $360 u CAIRNS $300 - $250 - $310 d* (-) steady (u) up (d) down * change greater than $20 VACANCY RATES LGA 30-SEP-11 TREND SOUTHEAST QLD BRISBANE CITY 2.3% down IPSWICH CITY 2.8% up LOGAN CITY 1.8% down MORETON BAY 3.1% down REDLAND CITY 2.3% down GOLD COAST CITY 4.5% up SUNSHINE COAST 4.6% up TOOWOOMBA 1.7% up MAJOR REGIONS FRASER COAST 5.8% down BUNDABERG 3.0% steady GLADSTONE 0.7% steady ROCKHAMPTON 1.2% down MACKAY 1.0% down TOWNSVILLE CITY 2.5% down CAIRNS 3.1% down GROSS RENTAL YIELDS LGA HOUSES UNITS SOUTHEAST QLD BRISBANE CITY 4.1% - 5.0% - IPSWICH CITY 5.0% u 6.3% u* LOGAN CITY 5.0% u 4.9% u MORETON BAY 4.5% u 4.8% u REDLAND CITY 4.4% - 5.0% - GOLD COAST CITY 4.5% - 5.3% u SUNSHINE COAST 4.4% u 4.5% u MAJOR REGIONS TOOWOOMBA 5.1% u* 4.6% - FRASER COAST 4.9% - 3.4% d* BUNDABERG 5.1% u 3.9% - GLADSTONE 5.1% u* 4.9% u* ROCKHAMPTON 5.2% - 4.3% d MACKAY 5.3% u 5.4% u TOWNSVILLE CITY 4.9% u 4.5% - CAIRNS 4.5% d 5.9% - (-) steady (u) up (d) down * change greater than 0.5pts

5 5 BRISBANE CITY HOUSE AND UNIT MARKETS Over 70 per cent of the Brisbane suburbs that recorded a median over the year ending September posted steady or increased numbers of house over the quarter. The Brisbane median house price decreased 2 per cent to $500,000 over the quarter. The numbers of sales were up 13 per cent. There was marked increase in affordable house sales with the numbers of sales under $350,000 increasing 19 per cent, and sales $350,000 to $500,000, up 20 per cent compared to the June quarter. Sales in flood-affected suburbs remained steady however Kenmore, Moorooka and Rocklea all recorded strong rebounds in activity. This increase in sales, unfortunately, came with a decrease in median price with all three suburbs recording lower median house prices over the quarter and over the year. This was possibly a reflection that the floods are continuing to affect property prices in suburbs that don t carry the lifestyle features of riverside suburbs. While the upper end of the market is still struggling, there are signs of recovery in some areas including Sinnamon Park, Upper Mount Gravatt, and Ashgrove which all have median prices above $500,000 and are typical up-grader suburbs. Solid performers for median house price growth over the quarter included Kedron, Greenslopes and Aspley, while the highest increases in sales activity were recorded at The Gap and Kenmore. The Brisbane median unit and townhouse price decreased 0.7 per cent to $392,250 over the quarter. The preliminary number of sales were up 18 per cent but over the year to September, they were down 20 per cent compared to the previous 12 months. unit developments have helped Kelvin Grove, Brisbane City and Richlands record the highest increase in sales activity over the quarter. Likewise, stead, Morayfield and Eagleby were all beneficiaries of new unit or townhouse developments which pushed their median prices up over the year. Solid performers for median unit price growth over the quarter included Paddington, Fortitude Valley and West End. BRISBANE CITY HOUSE SALES <$350,000 $350,000+ $500,000+ $1m VACANT LAND MARKET The median price of vacant land in Brisbane decreased 2 per cent to $264,000 over the quarter. The median price was down 6.6 per cent over the year. The number of sales was down about 40 per cent compared to the same period last year. The Fitzgibbon Urban Land Development Association project is the only one of real significance in the Brisbane city region. Fitzgibbon recorded the second highest increase in sales for the Brisbane LGA over the quarter. The highest increase in sales was recorded in Drewvale, which is suburb about 30km south of Brisbane. RENTAL MARKET The median rent for a three-bedroom house in the Brisbane City LGA increased $10 per week to $390 between September 2011 and September this year. The median weekly rent for a two-bedroom unit increased $15 per week over the same period. Three bedroom townhouses are becoming increasingly popular with Brisbane renters and investors. The median rent of such a property increased $20 per week to $400 compared to the September quarter last year. The vacancy rate in Brisbane is 2.3 per cent. Brisbane City s vacancy rate eased slightly, largely due to easing conditions in the 5km-plus zone, despite Inner Brisbane experiencing tighter vacancy rates since the end of June Thinking of buying property? FREE Experts Guide to Buying Queensland Property Designed for first-home buyers, new and seasoned investors or anyone interested in Queensland property, this session will address some of the key questions about buying property and provide practical advice to make the process as stress-free as possible. NEXT SEMINAR: For more information and to book: SATURDAY 25 FEBRUARY 2012 reiq.com adminps@reiq.com.au Please see page 41 for legend and further notes Bookings essential as places are strictly September limited. Quarter 2011

6 6 BRISBANE CITY HOUSES BRISBANE CITY (LGA) 2,187 $500, % $520, % 36.8% BRISBANE CITY (LGA) ^ ~ 44 $1,005, % $955, % 23.2% ACACIA RIDGE 8 N/A N/A $319, % 29.0% ALDERLEY ~ 12 $610, % $680, % 60.1% ALGESTER 23 $390, % $408, % 29.7% ANNERLEY 14 $505, % $570, % 40.0% ASCOT ~ 14 $1,360,000 N/A $1,032, % 16.8% ASHGROVE ~ 31 $725, % $685, % 43.3% ASPLEY 31 $475, % $460, % 33.3% AUCHENFLOWER 9 N/A N/A $820, % 56.3% BALD HILLS 16 $325, % $369, % 34.2% BALMORAL 10 $672,500 N/A $727, % 30.8% BANYO ~ 12 $445, % $415, % 38.3% BARDON 26 $745, % $725, % 41.2% BELLBOWRIE 8 N/A N/A $472, % 33.1% BELMONT 7 N/A N/A $565, % 44.9% BOONDALL 23 $396, % $403, % 30.0% BRACKEN RIDGE 40 $400, % $399, % 29.8% BRIDGEMAN DOWNS ~ 23 $668, % $687, % 29.4% BRIGHTON 20 $390, % $396, % 32.3% BULIMBA ~ 14 $737, % $910, % 23.8% CALAMVALE ~ 38 $456, % $480, % 28.3% CAMP HILL 27 $587, % $610, % 40.6% CANNON HILL 11 $620,000 N/A $565, % 48.7% CARINA 23 $492, % $490, % 38.8% CARINA HEIGHTS 9 N/A N/A $485, % 26.0% CARINDALE 27 $650, % $692, % 33.2% CARSELDINE ~ 13 $485, % $500, % 33.0% CHAPEL HILL ~ 23 $535, % $634, % 31.9% CHELMER ~ 5 N/A N/A $780, % 20.0% CHERMSIDE 10 $533,850 N/A $456, % 32.2% CHERMSIDE WEST 18 $450, % $454, % 34.6% CLAYFIELD ~ 9 N/A N/A $875, % 30.9% COOPERS PLAINS ~ 10 $400, % $442, % 43.7% COORPAROO ~ 35 $580, % $662, % 46.1% CORINDA ~ 9 N/A N/A $595, % 46.9% DARRA 6 N/A N/A $368, % 53.3% DEAGON 16 $360, % $373, % 39.4% DOOLANDELLA * 10 $337, % $412, % 57.4% DREWVALE 10 $460,250 N/A $469, % 32.5% DURACK 6 N/A N/A $376, % 50.6% EAST BRISBANE ~ 11 $580,000 N/A $620, % 34.9% EIGHT MILE PLAINS ~ 21 $525, % $562, % 32.2% ENOGGERA ~ 12 $575, % $575, % 41.8% EVERTON PARK 24 $479, % $500, % 51.1% FAIRFIELD 4 N/A N/A $580, % 31.5% FERNY GROVE ~ 15 $482, % $475, % 32.7% FIG TREE POCKET ~ 11 $526,500 N/A $822, % 58.2% FITZGIBBON 11 $405,000 N/A $409, % 29.6% HOUSES continued FOREST LAKE 72 $384, % $386, % 28.7% GEEBUNG ~ 19 $395,000 N/A $399, % 33.2% GORDON PARK 10 $611,000 N/A $613, % 24.5% GRACEVILLE ~ 11 $637, % $690, % 55.9% GRANGE ~ 7 N/A N/A $670, % 44.1% GREENSLOPES ~ 15 $558, % $560, % 32.3% HAMILTON 8 N/A N/A $1,050, % 10.5% HAWTHORNE 8 N/A N/A $787, % 22.7% HEMMANT 10 $394,575 N/A $407, % 31.5% HENDRA 11 $700, % $825, % 60.8% HIGHGATE HILL 6 N/A N/A $783, % 39.5% HOLLAND PARK 27 $509, % $518, % 34.7% HOLLAND PARK WEST 14 $486, % $544, % 49.2% INALA 22 $281, % $290, % 46.5% INDOOROOPILLY 19 $735, % $725, % 34.9% JAMBOREE HEIGHTS 8 N/A N/A $397, % 25.8% JINDALEE 9 N/A N/A $485, % 38.8% KARANA DOWNS ^ 2 N/A N/A $475, % 29.4% KEDRON 23 $556, % $553, % 51.5% KELVIN GROVE 8 N/A N/A $647, % 43.8% KENMORE ~ 28 $486, % $520, % 28.8% KEPERRA 27 $428, % $435, % 47.5% KURABY 17 $560, % $543, % 27.5% LOTA 8 N/A N/A $476, % 29.0% MACGREGOR 10 $550, % $540, % 41.4% MANLY ~ 8 N/A N/A $563, % 28.0% MANLY WEST 30 $460, % $480, % 29.7% MANSFIELD 19 $450, % $499, % 39.0% MCDOWALL ~ 14 $584, % $565, % 36.1% MIDDLE PARK 5 N/A N/A $532, % 41.4% MITCHELTON 21 $490, % $512, % 47.6% MOGGILL 8 N/A N/A $465, % 25.9% MOOROOKA 27 $455, % $480, % 38.5% MORNINGSIDE 26 $525, % $560, % 31.8% MOUNT GRAVATT 6 N/A N/A $463, % 32.5% MOUNT GRAVATT EAST 22 $457, % $466, % 35.1% MURARRIE * ~ 7 N/A N/A $465, % 27.4% NEW FARM ~ 6 N/A N/A $1,250, % 59.2% NEWMARKET 6 N/A N/A $680, % 54.5% NORMAN PARK 18 $624, % $670, % 40.9% NORTHGATE 12 $560,000 N/A $478, % 47.3% NUDGEE 8 N/A N/A $483, % 63.9% NUNDAH 11 $475,600 N/A $565, % 41.0% OXLEY 14 $425, % $436, % 36.4% PADDINGTON ~ 18 $742, % $780, % 45.1% PARKINSON 33 $467, % $499, % 32.0% PULLENVALE ^ 4 N/A N/A $1,030, % 27.2% RED HILL ~ 17 $615, % $677, % 40.1% RIVERHILLS 8 N/A N/A $416, % 33.4%

7 7 BRISBANE CITY HOUSES continued ROBERTSON 10 $637,500 N/A $650, % 16.3% ROCKLEA ~ 14 $236,000 N/A $280, % 10.9% RUNCORN 31 $435, % $430, % 41.0% SALISBURY 19 $430, % $431, % 34.6% SANDGATE 10 $525, % $530, % 43.2% SEVEN HILLS 7 N/A N/A $627, % 46.1% SEVENTEEN MILE ROCKS 7 N/A N/A $586, % 20.3% SHERWOOD 9 N/A N/A $755, % 42.5% SINNAMON PARK ~ 12 $650, % $595, % 41.7% ST LUCIA 6 N/A N/A $1,090, % 66.7% STAFFORD 18 $432, % $454, % 39.8% STAFFORD HEIGHTS ~ 13 $490, % $460, % 35.3% STRETTON 9 N/A N/A $672, % 43.1% SUNNYBANK ~ 11 $465, % $522, % 37.5% SUNNYBANK HILLS 36 $463, % $480, % 37.9% TAIGUM 8 N/A N/A $431, % 28.7% TARINGA ~ 10 $595, % $647, % 5.4% TARRAGINDI ~ 34 $544, % $558, % 40.4% THE GAP ~ 52 $530, % $537, % 35.9% TINGALPA ~ 17 $405, % $427, % 37.7% TOOWONG 10 $645,500 N/A $665, % 38.3% UPPER KEDRON 11 $595,000 N/A $545, % 31.0% UPPER MOUNT GRAVATT ~ 18 $550, % $485, % 51.6% VIRGINIA 7 N/A N/A $465, % 48.9% WAKERLEY 29 $630, % $630, % 41.9% WAVELL HEIGHTS 36 $537, % $550, % 52.8% WEST END ~ 12 $703,000 N/A $695, % 33.7% WESTLAKE 10 $745,000 N/A $600, % 34.8% WILSTON ~ 5 N/A N/A $735, % 27.5% WINDSOR 9 N/A N/A $660, % 43.5% WISHART ~ 11 $519, % $525, % 39.0% WOOLLOONGABBA 5 N/A N/A $650, % 47.3% WOOLOOWIN ~ 12 $601, % $722, % 48.1% WYNNUM ~ 42 $462, % $502, % 32.2% WYNNUM WEST 32 $410, % $417, % 27.5% YERONGA 5 N/A N/A $667, % 31.1% ZILLMERE 11 $355, % $369, % 32.2% UNITS & TOWNHOUSES BRISBANE CITY (LGA) 1,248 $392, % $399, % 26.7% ALDERLEY 13 $385,000 N/A $395, % 31.7% ASHGROVE 14 $436,000 N/A $408, % 13.3% ANNERLEY ~ * 14 $447, % $398, % 66.2% ASCOT 13 $398, % $411, % 43.6% ASPLEY 7 N/A N/A $358, % 31.9% AUCHENFLOWER ~ f 11 $467, % $419, % 27.7% BOWEN HILLS 6 N/A N/A $417, % 22.8% BRACKEN RIDGE 6 N/A N/A $355, % N/A UNITS & TOWNHOUSES continued BULIMBA 14 $512, % $526, % 29.4% CALAMVALE 19 $374, % $371, % 54.6% CARINA * 21 $390, % $424, % 19.3% CARINA HEIGHTS * t 12 $425, % $410, % 20.6% CARINDALE * 5 N/A N/A $479, % 60.9% CARSELDINE 9 N/A N/A $387, % 51.8% CHERMSIDE * 38 $422, % $435, % 45.0% CLAYFIELD 25 $366, % $345, % 33.2% COORPAROO 33 $360, % $360, % 40.4% DOOLANDELLA * t 16 $346, % $346,000 N/A N/A EAST BRISBANE * 11 $480,000 N/A $480, % 67.1% EIGHT MILE PLAINS * 14 $370, % $380, % 49.0% ENOGGERA 5 N/A N/A $399, % 42.5% EVERTON PARK ~ * 12 $304, % $361, % 44.5% FORTITUDE VALLEY 34 $395, % $380, % 15.2% GAYTHORNE 6 N/A N/A $370, % 43.7% GORDON PARK 9 N/A N/A $387, % 45.7% GREENSLOPES 20 $322, % $352, % 35.6% HAMILTON * f 19 $420, % $443, % 28.2% HAWTHORNE 4 N/A N/A $415, % 20.3% HIGHGATE HILL 9 N/A N/A $434, % 25.8% HOLLAND PARK WEST 6 N/A N/A $385,000 N/A 48.1% INDOOROOPILLY ~ * 15 $458, % $429, % 26.5% KANGAROO POINT ~ f 27 $399, % $445, % 14.1% KEDRON 7 N/A N/A $344, % 33.7% KELVIN GROVE * 42 $450,000 N/A $447, % 33.6% MOOROOKA * 15 $319, % $368, % 51.2% MORNINGSIDE 21 $420, % $425, % 23.2% MOUNT GRAVATT EAST 11 $355,000 N/A $390, % 35.1% NEW FARM f 36 $540, % $525, % 34.6% NEWMARKET 11 $370,000 N/A $375,000 N/A 19.0% NEWSTEAD ~ * f 5 N/A N/A $752, % 62.9% NORMAN PARK 6 N/A N/A $447, % 33.6% NORTHGATE 6 N/A N/A $360, % 35.8% NUNDAH ~ * 36 $333, % $365, % 37.6% PADDINGTON 12 $454, % $427, % 23.8% RED HILL 7 N/A N/A $425,000 N/A 39.3% RICHLANDS * 17 $337,000 N/A $350, % 32.1% BRISBANE CITY UNIT SALES <$250,000 $250,000+ $350,000+ $500,000+ $1m BRISBANE CITY * 80 $465, % $455, % 8.3%

8 8 BRISBANE CITY UNITS & TOWNHOUSES continued RUNCORN 17 $305, % $325, % 44.4% SHERWOOD * 5 N/A N/A $372, % 24.6% SOUTH BRISBANE 19 $448, % $446, % 15.9% SPRING HILL 30 $403, % $392, % 35.2% ST LUCIA ~ * 21 $455, % $455, % 34.2% STAFFORD * 5 N/A N/A $356, % 63.5% SUNNYBANK HILLS 8 N/A N/A $372, % 60.2% TAIGUM 6 N/A N/A $340, % 15.3% TARINGA ~ 22 $442, % $395, % 27.4% TENERIFFE ~ f 21 $515, % $550, % 36.5% THE GAP 3 N/A N/A $462,000 N/A 61.0% TOOWONG ~ f 32 $429, % $400, % 31.1% WAKERLEY 7 N/A N/A $423, % N/A WEST END ~ * 23 $481, % $470, % 20.5% WINDSOR 11 $355,000 N/A $375, % 42.9% WISHART 8 N/A N/A $350, % 17.6% WOOLLOONGABBA 7 N/A N/A $415, % 26.5% WYNNUM 8 N/A N/A $365, % 27.8% WYNNUM WEST 7 N/A N/A $340, % 41.7% YEERONGPILLY 12 $419,950 N/A $416,450 N/A 30.1% YERONGA 11 $399,000 N/A $409, % 28.6% ZILLMERE 9 N/A N/A $364, % 47.6% VACANT URBAN LAND BRISBANE CITY (LGA) * 137 $264, % $285, % 23.9% CALAMVALE * 5 $310,000 N/A $302, % 40.7% DOOLANDELLA 8 $225, % $240, % 45.5% DREWVALE * 17 $252,000 N/A $262,000 N/A 27.8% DURACK * 5 $234,500 N/A $234, % N/A FIG TREE POCKET * 1 N/A N/A $455,000 N/A 11.0% FITZGIBBON ~ * G 21 $168, % $184, % 9.4% HEATHWOOD * 2 N/A N/A $262, % N/A MOGGILL * 8 $225,000 N/A $260,000 N/A 39.4% WAKERLEY 4 N/A N/A $339, % 41.3% 3 BEDROOM HOUSES BRISBANE CITY $390 3,085 $380 3,117 BAYSIDE $ $ WYNNUM $ $ MANLY $ $ CITY INNER $ $ BRISBANE CITY $ $ NEW FARM $ $ BOWEN HILLS $ $ PADDINGTON $ $ TOOWONG $ $ ST LUCIA $ $ WEST END $ $ WOOLOONGABBA $ $ EAST BRISBANE $ $ NORTH - INNER $ $ ASCOT $ $ ALBION $395 6 $ CLAYFIELD $ $ NUNDAH $ $ LUTWYCHE $ $ GORDON PARK $ $ ALDERLEY $ $ NORTH - OUTER $ $ NORTHGATE $ $ VIRGINIA $ $ BRACKEN RIDGE $ $ FITZGIBBON $ $ CHERMSIDE $ $ ASPLEY $ $ BALD HILLS $ $ NORTH WEST - INNER $ $ KELVIN GROVE $ $ ASHGROVE $ $ BARDON $ $ NORTH WEST - OUTER $ $ BRISBANE CITY LAND SALES <$250,000 $250,000+ $350,000+ $500, STAFFORD $ $ ARANA HILLS $ $ THE GAP $ $ SOUTH - INNER $ $ ANNERLEY $ $ YERONGA $ $ MOOROOKA $ $ GREENSLOPES $ $ HOLLAND PARK $ $ MANSFIELD $ $ SOUTH - OUTER $ $ ROCKLEA $ $ SALISBURY $ $ COOPERS PLAINS $ $350 41

9 9 BRISBANE CITY 3 BEDROOM HOUSES continued 4109 MACGREGOR $ $ ACACIA RIDGE $ $ KURABY $310 5 $ EIGHT MILE PLAINS $ $ ALGESTER $ $ CALAMVALE $ $ SOUTH EAST - INNER $ $ COORPAROO $ $ CAMP HILL $ $ CANNON HILL $ $ BALMORAL $ $ MURARRIE $ $390 9 SOUTH EAST - OUTER $ $ BELMONT $400 7 $ GUMDALE $ $ TINGALPA $ $ HEMANT $ $360 9 SOUTH WEST - INNER $ $ CHELMER $ $ CORINDA $ $ SOUTH WEST - OUTER $ $ BROOKFIELD $ $ ANSTEAD $ $ SEVENTEEN MILE ROCKS $ $ JINDALEE $ $ DARRA $ $ DOOLANDELLA $ $ FOREST LAKE $ $ BEDROOM UNITS BRISBANE CITY $380 4,244 $365 4,303 BAYSIDE $ $ WYNNUM $ $ MANLY $ $ CITY INNER $470 1,778 $440 1, BRISBANE CITY $ $ NEW FARM $ $ BOWEN HILLS $ $ PADDINGTON $ $ BEDROOM UNITS continued 4030 LUTWYCHE $ $ GORDON PARK $ $ ALDERLEY $ $ NORTH - OUTER $ $ NORTHGATE $ $ VIRGINIA $275 7 $ BRACKEN RIDGE $ $ CHERMSIDE $ $ ASPLEY $ $ NORTH WEST - INNER $ $ KELVIN GROVE $ $ ASHGROVE $ $ BARDON $350 7 $285 7 NORTH WEST - OUTER $ $ STAFFORD $ $ SOUTH - INNER $ $ ANNERLEY $ $ YERONGA $ $ MOOROOKA $ $ GREENSLOPES $ $ HOLLAND PARK $ $ MANSFIELD $ $ SOUTH - OUTER $ $ ROCKLEA $ MACGREGOR $ $ ACACIA RIDGE $ SOUTH EAST - INNER $ $ COORPAROO $ $ CAMP HILL $ $ CANNON HILL $ $ BALMORAL $ $ SOUTH EAST - OUTER $300 7 $ TINGALPA $300 5 $340 7 SOUTH WEST - INNER $ $ CHELMER $ $ CORINDA $ $ SOUTH WEST - OUTER $ $ DOOLANDELLA $179 6 $ FOREST LAKE $335 9 $ TOOWONG $ $ ST LUCIA $ $ WEST END $ $ WOOLOONGABBA $ $ EAST BRISBANE $ $ NORTH - INNER $ $ ASCOT $ $ 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 ALBION $ $ CLAYFIELD $ $ NUNDAH $ $

10 10 BRISBANE CITY 3 BEDROOM TOWNHOUSES BRISBANE CITY $400 1,438 $380 1,479 BAYSIDE $ $ WYNNUM $ $ MANLY $ $ CITY INNER $ $ NEW FARM $720 6 $ BOWEN HILLS $590 7 $ PADDINGTON $ $ TOOWONG $ $ ST LUCIA $510 9 $ WEST END $530 7 $ NORTH - INNER $ $ ASCOT $ CLAYFIELD $ $ NUNDAH $ $ GORDON PARK $ $ ALDERLEY $ $ NORTH - OUTER $ $ NORTHGATE $400 7 $ BRACKEN RIDGE $ $ FITZGIBBON $ $ CHERMSIDE $ $ ASPLEY $ $ NORTH WEST - INNER $ $ KELVIN GROVE $570 9 $ ASHGROVE $475 6 $400 5 NORTH WEST - OUTER $ $ STAFFORD $ $ ARANA HILLS $360 5 $ THE GAP $ BEDROOM TOWNHOUSES continued SOUTH - INNER $ $ ANNERLEY $ $ YERONGA $ $ MOOROOKA $ $ GREENSLOPES $ $ HOLLAND PARK $ $ MANSFIELD $ $ SOUTH - OUTER $ $ SALISBURY $465 8 $ MACGREGOR $ $ ACACIA RIDGE $340 8 $ KURABY $ $ EIGHT MILE PLAINS $ $ ALGESTER $ $ CALAMVALE $ $ SOUTH EAST - INNER $ $ COORPAROO $ $ CAMP HILL $ $ CANNON HILL $ $ BALMORAL $ $ SOUTH EAST - OUTER $ $ BELMONT $415 9 $ GUMDALE $ $ TINGALPA $ $ SOUTH WEST - INNER $ $ CHELMER $ $ CORINDA $ $ SOUTH WEST - OUTER $ $ SEVENTEEN MILE ROCKS $ $ JINDALEE $ $ DOOLANDELLA $ $ FOREST LAKE $ $ GREATER BRISBANE HOUSE AND UNIT MARKETS Median house prices for all four surrounding LGA s softened over the quarter, however this was to be expected with the majority of sales activity occurring at the affordable end of the market. Sales activity was up across the region, most notably in the sub-$350,000 bracket which was up an impressive 30 per cent compared to the June quarter, while all other price points remained relatively steady. The top performing suburb over the September quarter was Rochedale South in Logan City, recording the highest increase in sales activity over the quarter for Greater Brisbane. Moreton Bay s most popular suburbs for the quarter included Burpengary, Margate and Woody Point all with medians under $350,000. The Redcliffe peninsular area as a whole performed well with Redcliffe and Scarborough also recording increased sales activity. Ipswich City however recorded the highest increase in sales activity up about 30 per cent, although still down around 10 per cent compared to a year ago. Springfield Lakes took the lead, with a healthy increase of 4.3 per cent in its median also. Victoria Point in Redland City stood out, with increased sales over the quarter, while the LGA as a whole recorded steady sales activity. Overall, Redland City s median saw the lowest fall for the Greater Brisbane area.

11 11 GREATER BRISBANE In the unit and townhouse market, sales activity remained steady for the surrounding LGA s, with a slowdown in new sales seeing Ipswich City and Moreton Bay record a drop in their median sale prices. Similar to the house market, the affordable end of the unit market saw preliminary sales up 25 per cent for properties under $250,000, while sales in the prestige remain subdued. Cleveland s unit market performed best with preliminary sales numbers up over the quarter as well as being the top choice with buyers outside of metropolitan Brisbane. Townhouses were popular in Logan s Woodridge as well as in Morayfield, Brendale and Deception Bay to the north. Redcliffe s unit market continued to perform well with the release of a new complex boasting water views boosting the suburbs median over the quarter. VACANT LAND MARKET Affordability continues to be key for the new house and land market, which saw Caboolture and Dakabin in Moreton Bay perform well with new affordably-priced subdivisions. Caboolture was the most popular suburb for the quarter, as well as recording the second highest increase in sales numbers. A number of subdivisions are currently on the market offering buyers well-priced packages. The Central Lakes development, one of the largest, continued to sell well with land prices beginning at $190,000, while four-bedroom house and land packages start at around $370,000. Other suburbs to perform well over the quarter include Augustine Heights at Ipswich, Jimboomba at Logan and Victoria Point again doing well at Redland City. HOUSES BRISBANE (SD) 4,124 $427, % $440, % 33.5% BRISBANE (SD) ^ 288 $530, % $560, % 23.1% IPSWICH CITY (LGA) 341 $300, % $310, % 31.9% IPSWICH CITY (LGA) ^ ~ 28 $450, % $495, % 35.6% AUGUSTINE HEIGHTS * ~ 9 $540, % $457, % N/A BELLBIRD PARK 3 N/A N/A $305, % 35.6% BOOVAL 6 N/A N/A $283, % 41.6% BRASSALL 16 $320, % $325, % 28.0% BUNDAMBA 8 $307,250 N/A $277, % 28.8% CAMIRA 17 $310,000 N/A $340, % 31.0% COLLINGWOOD PARK 12 $318, % $319, % 20.4% EAST IPSWICH 6 N/A N/A $260, % 33.3% EASTERN HEIGHTS ~ 7 $259, % $277, % 33.5% FLINDERS VIEW ~ 18 $317, % $340, % 28.3% GOODNA ~ 17 $205, % $285, % 30.1% IPSWICH ~ 3 N/A N/A $300, % 20.0% KARALEE ^ 4 N/A N/A $520, % 34.2% LEICHHARDT 6 N/A N/A $235, % 29.8% NORTH BOOVAL 10 $145,750 N/A N/A N/A N/A NORTH IPSWICH ~ 11 $230, % $270, % 24.1% RACEVIEW ~ 19 $280, % $302, % 28.7% REDBANK PLAINS ~ 25 $280, % $285, % 29.5% RIVERVIEW ~ 4 N/A N/A $230, % 27.4% ROSEWOOD 4 N/A N/A $276, % 39.6% SILKSTONE ~ 6 N/A N/A $257, % 27.8% SPRINGFIELD ~ 19 $370, % $365, % 21.7% SPRINGFIELD LAKES 43 $385, % $385, % 24.2% YAMANTO ~ 22 $312, % $338, % 27.5% al Market The REIQ s residential rental survey at the end of September, found vacancy rates for Greater Brisbane had eased further to 2.4 per cent since June. Gross yields have also improved slightly, on the back of easing median prices and a slight increase in rents in the Redland and Ipswich LGA s. Moreton Bay and Ipswich were two of just four LGA s to record steady vacancy rates since the end of June, while in Redland City, where the rental market tends to be more seasonal than other parts of Greater Brisbane, vacancy rates are levelling out to healthy levels with tenant enquiries up both on the bay islands and the mainland. LOGAN CITY (LGA) 470 $335, % $350, % 36.5% LOGAN CITY (LGA) ^ 101 $475, % $500, % 21.7% BEENLEIGH 12 $317,500 N/A $320, % 32.5% BERRINBA 7 $390, % $398, % N/A BETHANIA 11 $305, % $292, % 28.6% BORONIA HEIGHTS 16 $280, % $290, % 26.1% BROWNS PLAINS ~ 9 $281, % $295, % 24.7% CEDAR GROVE ^ ~ 2 N/A N/A $368, % 10.3% CEDAR VALE ^ ~ 7 $377, % $410, % 27.9% CORNUBIA ~ 12 $381, % $467, % 20.8% CRESTMEAD 23 $270, % $290, % 27.4% DAISY HILL ~ 24 $403, % $442, % 40.5% EAGLEBY 18 $249, % $272, % 30.4% EDENS LANDING ~ 14 $330, % $340, % 19.5% FORESTDALE ^ ~ 4 N/A N/A $615, % 18.8% GREENBANK ^ ~ 13 $520, % $540, % 35.1% HERITAGE PARK 14 $379, % $392, % 18.9% HILLCREST ~ 16 $302, % $340, % 38.8% JIMBOOMBA 8 $409,750 N/A $385, % 47.3%

12 12 greater brisbane HOUSES continued JIMBOOMBA ^ 20 $440, % $451, % 25.3% KINGSTON 17 $254, % $260, % 30.0% LOGAN CENTRAL 7 $255,000 N/A $258, % 31.6% LOGAN VILLAGE ^ ~ 9 $460, % $442, % 12.4% LOGANHOLME 21 $350, % $366, % 35.7% LOGANLEA 5 N/A N/A $300, % 27.7% MARSDEN ~ 22 $287, % $322, % 41.2% MEADOWBROOK 5 N/A N/A $373, % 24.3% MOUNT WARREN PARK 8 $372, % $350, % 25.9% MUNDOOLUN ^ 2 N/A N/A $512, % 51.0% MUNRUBEN ^ 5 $495,000 N/A $511, % 28.5% NEW BEITH ^ ~ 6 $492, % $522, % 37.3% REGENTS PARK 29 $329, % $365, % 32.7% ROCHEDALE SOUTH 40 $400, % $407, % 38.7% SHAILER PARK 26 $429, % $470, % 23.7% SLACKS CREEK 11 $279, % $282, % 21.3% SPRINGWOOD ~ 23 $385, % $407, % 25.4% TANAH MERAH ~ 13 $354, % $385, % 22.2% UNDERWOOD 21 $456, % $445, % 36.9% WATERFORD 8 $410, % $390, % N/A WATERFORD WEST 10 $290, % $310, % 32.8% WINDAROO + ~ 3 N/A N/A $407, % 25.4% WOODRIDGE 12 $225, % $252, % 32.6% MORETON BAY (LGA) 781 $370, % $381, % 29.5% MORETON BAY (LGA) ^ 95 $530, % $565, % 22.8% ALBANY CREEK 36 $458, % $486, % 32.6% ARANA HILLS 16 $448, % $422, % 25.5% BANKSIA BEACH ~ f 11 $670, % $490, % 18.6% BELLARA 15 $295,000 N/A $327, % 19.1% BELLMERE 13 $300,000 N/A $340, % 11.5% BONGAREE ~ f 15 $390, % $385, % 19.4% BRAY PARK 22 $360, % $360, % 34.3% BURPENGARY 24 $334, % $341, % 30.7% BURPENGARY ^ 8 $550, % $525, % 28.2% BURPENGARY EAST ^ ~ 6 $558, % $528, % 33.8% CABOOLTURE 22 $305, % $295, % 31.0% CABOOLTURE ^ 2 N/A N/A $459, % 19.6% CABOOLTURE SOUTH 8 $262, % $274, % 30.7% CASHMERE 14 $568,500 N/A $575, % 35.3% CLONTARF 22 $324, % $347, % 24.3% DAKABIN 10 $379,500 N/A N/A N/A N/A DECEPTION BAY 39 $310, % $304, % 26.7% EATONS HILL 19 $519, % $525, % 28.5% ELIMBAH ^ ~ 6 $429,025 N/A $464, % 22.1% EVERTON HILLS 15 $480, % $473, % 45.8% FERNY HILLS 21 $425, % $428, % 32.3% GRIFFIN 6 N/A N/A $410, % 30.2% HOUSES continued KIPPA-RING 17 $360, % $348, % 26.3% LAWNTON 12 $322, % $325, % 28.8% MANGO HILL ~ 15 $385, % $423, % 17.5% MARGATE ~ 21 $315, % $330, % 15.8% MORAYFIELD 29 $312, % $315, % 23.5% MORAYFIELD ^ 14 $449, % $510, % 20.0% MURRUMBA DOWNS 20 $393, % $418, % 26.7% NARANGBA 45 $380, % $410, % 24.2% NEWPORT ~ f 7 $756,000 N/A $760, % N/A NINGI ^ ~ 3 N/A N/A $435, % 4.8% NORTH LAKES 60 $432, % $437, % 20.6% PETRIE ~ 23 $356, % $371, % 31.0% REDCLIFFE 32 $331, % $355, % 27.7% ROTHWELL 8 $362, % $380, % 14.3% SAMFORD VALLEY ^ 4 N/A N/A $773, % 20.9% SANDSTONE POINT 13 $361,000 N/A $370, % 13.8% SCARBOROUGH ~ f 26 $347, % $420, % 9.7% STRATHPINE ~ 14 $291, % $334, % 30.0% UPPER CABOOLTURE ^ ~ 4 N/A N/A $470, % 14.6% WARNER 23 $462, % $462, % 29.2% WOODY POINT 18 $317,500 N/A $380, % 24.6% REDLAND CITY (LGA) 345 $427, % $446, % 24.9% REDLAND CITY (LGA) ^ ~ 20 $715, % $775, % 13.6% ALEXANDRA HILLS 34 $380, % $392, % 28.5% BIRKDALE 31 $452, % $446, % 18.3% CAPALABA 40 $385, % $392, % 24.4% CAPALABA ^ ~ 8 $715,000 N/A $767, % 10.4% CLEVELAND 26 $503, % $490, % 16.7% MACLEAY ISLAND ~ 10 $211, % $245, % 16.1% MOUNT COTTON 21 $467, % $466, % 39.9% ORMISTON ~ f 12 $395, % $523, % 17.2% REDLAND BAY 44 $450, % $461, % 21.0% RUSSELL ISLAND ~ f 13 $190, % $203, % 20.1% THORNESIDE 7 $361,000 N/A $450, % 33.3% THORNLANDS 24 $537, % $530, % 22.7% THORNLANDS ^ ~ 5 $661,000 N/A $802, % 17.2% VICTORIA POINT ~ 39 $442, % $465, % 21.7% WELLINGTON POINT ~ 37 $485, % $510, % 25.9% SURROUNDS LOCKYER VALLEY (LGA) 16 $231,000 N/A $250, % 34.4% LOCKYER VALLEY (LGA) ^ 38 $330, % $340, % 35.5% GATTON 3 $330,000 N/A $277, % 41.3% KENSINGTON GROVE ^ ~ 3 N/A N/A $307, % 27.3% LAIDLEY ~ 7 $207, % $235, % 34.3% LAIDLEY HEIGHTS ^ 2 N/A N/A $330, % 37.5% REGENCY DOWNS ^ 2 N/A N/A $322, % 37.2% KALLANGUR 44 $324, % $340, % 30.8%

13 13 greater brisbane HOUSES continued SOMERSET (LGA) ~ 20 $200,250 N/A $231, % 28.3% SOMERSET (LGA) ^ ~ 27 $330, % $350, % 25.0% VACANT LAND BRISBANE (SD) 484 $209, % $209, % 21.4% BRISBANE (SD) ^ ~ 70 $312, % $345, % 53.3% FERNVALE ^ ~ 7 $290,000 N/A $340, % 21.4% LOWOOD 7 $197,500 N/A $175,375 N/A 2.9% LOWOOD ^ ~ 3 N/A N/A $380, % 39.4% UNITS & TOWNHOUSES BRISBANE (SD) 1,622 $369, % $373, % 30.0% IPSWICH CITY (LGA) + 81 $177, % $180, % 24.8% IPSWICH CITY (LGA) ^ 6 N/A N/A $259, % 33.2% AUGUSTINE HEIGHTS 11 $227, % $227, % 11.8% BRASSALL 8 $179, % $182, % 25.5% BROOKWATER + ~ * 5 $260, % $271, % -5.2% GOODNA 7 $190,000 N/A $183, % 28.9% IPSWICH CITY (LGA) - * t 20 $197, % $272, % 39.6% LEICHHARDT 2 N/A N/A $175, % N/A NORTH BOOVAL 0 N/A N/A $195, % N/A LOGAN CITY (LGA) $264, % $269, % 54.8% BEENLEIGH 5 N/A N/A $235, % 55.6% EAGLEBY * t 10 $323, % $320, % 128.6% REDBANK PLAINS 10 $168, % $171, % 7.1% SPRINGFIELD LAKES ~ * 15 $179, % $185, % 36.5% MARSDEN * t 14 $322, % $323,000 N/A 129.1% ROCHEDALE SOUTH ~ t 6 N/A N/A $266, % 38.4% SHAILER PARK 6 N/A N/A $292, % 53.7% SLACKS CREEK 2 N/A N/A $240, % 50.0% SPRINGWOOD 6 N/A N/A $278, % 42.6% WOODRIDGE * t 16 $187, % $193, % 43.3% BRISBANE SURROUNDS' HOUSE SALES <$350,000 $350,000+ $500,000+ $1m MORETON BAY (LGA) - * 152 $290, % $327, % 28.9% ALBANY CREEK 5 N/A N/A $367,000 N/A 36.2% BONGAREE * f 5 N/A N/A $302, % 14.2% BRENDALE t 11 $249, % $255, % 21.4% INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL BURPENGARY 8 $260,000 N/A $275, % 10.4% CABOOLTURE 11 $225,000 N/A $275, % 80.3% DECEPTION BAY * t 12 $317,500 N/A $305, % 26.0% KALLANGUR 12 $308, % $322, % 34.3% KIPPA-RING 4 N/A N/A $327, % 30.8% LAWNTON 6 N/A N/A $253,750 N/A 39.0% MANGO HILL * t 6 N/A N/A $330,000 N/A N/A MARGATE 3 N/A N/A $352, % 7.6% MORAYFIELD * t 10 $250,500 N/A $319, % 28.6% MURRUMBA DOWNS 6 N/A N/A $347, % 33.7% REDCLIFFE * f 17 $395, % $375, % 10.3% SCARBOROUGH * f 9 $270,000 N/A $365, % -6.4% WOODY POINT * f 6 N/A N/A $276, % 10.6% BRISBANE SURROUNDS' UNIT SALES <$250,000 $250,000+ $350,000+ $500,000+ $1m INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL GOLD COAST UNIT SALES REDLAND CITY (LGA) 59 $332, % $350, % 27.3% CAPALABA t 8 $273,500 N/A $282, % 24.1% CLEVELAND f 25 $370, % $395, % 38.6% THORNESIDE 3 N/A N/A $295, % 39.2% BRISBANE SURROUNDS' LAND SALES <$250,000 $250,000+ $350,000+ $500, Includes REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL GOLD COAST LAND SALES

14 14 greater brisbane VACANT LAND continued LOGAN CITY (LGA) * 49 $205, % $218, % 45.3% LOGAN CITY (LGA) ^ ~ 20 $227, % $251, % 47.6% BAHRS SCRUB 1 N/A N/A $235, % N/A BANNOCKBURN * 2 N/A N/A $235,000 N/A N/A JIMBOOMBA * 8 $181,000 N/A $182, % 40.2% JIMBOOMBA ^ 4 N/A N/A $220, % 38.4% MARSDEN 5 $198, % $199, % 37.2% WATERFORD * 15 $167, % $195, % 42.9% MORETON BAY (LGA) $199, % $203, % 21.2% MORETON BAY (LGA) ^ ~ * 34 $377, % $375, % 44.2% BANKSIA BEACH + * f 2 N/A N/A $320, % 9.4% CABOOLTURE * 38 $190, % $191, % 24.4% DAKABIN * 10 $183,450 N/A $206, % N/A GRIFFIN 8 $193, % $210, % N/A KALLANGUR 2 N/A N/A $210, % 36.0% MANGO HILL 6 $277,500 N/A N/A N/A N/A MORAYFIELD 15 $194, % $194, % 29.3% NARANGBA ~ * 17 $200, % $208, % 23.4% NORTH LAKES * 24 $208, % $206, % 31.2% WARNER * 9 $220,000 N/A $227, % 37.6% 3 BEDROOM HOUSES IPSWICH CITY $ $ AUGUSTINE HEIGHTS $ $ COLLINGWOOD PARK $ $ DINMORE $ $ BLACKSTONE $ $ BASIN POCKET $ $ AMBERLEY $ $ ASHWELL $ $ LOGAN CITY $ $ KINGSTON $ $ BROWNS PLAINS $ $ UNDERWOOD $ $ PRIESTS GULLY $ $ BORONIA HEIGHTS $ $ MUNRUBEN $ CHATSWOOD HILLS $ $ KIMBERLEY PARK $ $ LOGANDALE $ $ CARBROOK $ $ LOGANLEA $ $ CRESTMEAD $ $ CHAMBERS FLAT $ $ REDLAND CITY (LGA) ¹ ~ 67 $72, % $97, % -49.2% Redland City - Bay Islands ~ f 37 $36, % $36, % -4.5% Redland City - Mainland ~ * f 30 $266, % $275, % 23.3% BIRKDALE * 5 $285,000 N/A N/A N/A N/A MACLEAY ISLAND ~ f 7 $50, % $55, % 10.0% MOUNT COTTON 4 N/A N/A $270, % 21.1% RUSSELL ISLAND ~ f 27 $31, % $31, % 5.0% THORNLANDS 1 N/A N/A $275, % 22.1% VICTORIA POINT * 8 $268,000 N/A $265, % 20.5% SURROUNDS LOCKYER VALLEY (LGA) 3 N/A N/A $129, % 60.2% LOCKYER VALLEY (LGA) ^ 25 $125, % $140, % 50.5% LAIDLEY 2 N/A N/A $129, % N/A LAIDLEY NORTH * 0 N/A N/A $129, % N/A SOMERSET (LGA) 13 $129,000 N/A $129, % 51.8% SOMERSET (LGA) ^ * 12 $128,500 N/A $177, % 26.7% FERNVALE * 6 $144, % $143, % 35.5% LOWOOD * G 4 N/A N/A $129, % 63.8% 4205 BETHANIA $ $ ALBERTON $ $ JIMBOOMBA $ $ MORETON BAY REGIONAL $320 1,213 $320 1, CLONTARF $ $ NEWPORT $ $ KIPPA-RING $ $ ROTHWELL $ $ ALBANY CREEK $ $ EATONS HILL $390 8 $ BUNYA $ $ BRAY PARK $ $ LAWNTON $ $ FRENCHS FOREST $ $ DAKABIN $ $ NARANGBA $ $ BURPENGARY $ $ MOORINA $ $ BANKSIA BEACH $ $ DECEPTION BAY $ $ MANGO HILL $ $ BALINGOOL $ $ GODWIN BEACH $ $ BRACALBA $ $ BELLTHORPE $ $ ARMSTRONG CREEK $450 7 $ CAMPBELLS POCKET $ $340 10

15 15 greater brisbane 3 BEDROOM HOUSES continued 2 BEDROOM UNITS REDLAND CITY $ $ CAPALABA $ $ THORNESIDE $ $ AQUATIC PARADISE $ $ EROBIN $ $ ALEXANDRA HILLS $ $ CLEVELAND $ $ PINKLANDS $ $ MOUNT COTTON $ $ AMITY $300 9 $ COOCHIEMUDLO ISLAND $ $ LOCKYER VALLEY REGIONAL $ $ BLENHEIM $ $ CROWLEY VALE $ $ ADARE $ $ SOMERSET REGIONAL $ $ ATKINSONS DAM $ $ BRYDEN $ $ BIARRA $220 6 $ GLENFERN $ $ IPSWICH CITY $ $ AUGUSTINE HEIGHTS $ $ COLLINGWOOD PARK $ $ DINMORE $ BLACKSTONE $ $ BASIN POCKET $ $ LOGAN CITY $ $ KINGSTON $ $ PRIESTS GULLY $290 6 $ CHATSWOOD HILLS $ $ KIMBERLEY PARK $ $ CRESTMEAD $250 9 $ CHAMBERS FLAT $ $ ALBERTON $ $ JIMBOOMBA $ MORETON BAY REGIONAL $ $ CLONTARF $ $ NEWPORT $ $ KIPPA-RING $250 5 $ BRAY PARK $ $ LAWNTON $ $ DAKABIN $ $ MOORINA $ $ BANKSIA BEACH $ $ DECEPTION BAY $ $ MANGO HILL $ BEDROOM UNITS continued REDLAND CITY $ $ EROBIN $ $ ALEXANDRA HILLS $135 6 $ CLEVELAND $ $ LOCKYER VALLEY REGIONAL $ $ BLENHEIM $ ADARE $ $ BEDROOM TOWNHOUSES IPSWICH CITY $ $ AUGUSTINE HEIGHTS $ $ COLLINGWOOD PARK $ $ BLACKSTONE $ $ BASIN POCKET $ $ LOGAN CITY $ $ KINGSTON $ $ BROWNS PLAINS $ $ UNDERWOOD $ $ PRIESTS GULLY $310 8 $ CHATSWOOD HILLS $ $ KIMBERLEY PARK $ $ CARBROOK $ LOGANLEA $ $ CRESTMEAD $ $ CHAMBERS FLAT $ $ ALBERTON $ $ MORETON BAY REGIONAL $ $ CLONTARF $ $ NEWPORT $ $ KIPPA-RING $ $ ROTHWELL $300 9 $ ALBANY CREEK $ BRAY PARK $ $ LAWNTON $ $ FRENCHS FOREST $ DAKABIN $ $ BURPENGARY $ $ MOORINA $ BANKSIA BEACH $315 8 $ DECEPTION BAY $ $ MANGO HILL $ $ BALINGOOL $ $ REDLAND CITY $ $ CAPALABA $ $ THORNESIDE $355 9 $ EROBIN $ $ CLEVELAND $ $ MOUNT COTTON $ $ BALINGOOL $ $260 79

16 16 GOLD COAST House and unit markets The Gold Coast was one of the few major regions across Queensland to record median house price growth over the September quarter. Its median price increased 2.2 per cent to $469,950. Its number of preliminary house sales was also up 11 per cent over the period. While these were positive results, the Gold Coast continued to experience very tough market conditions over the quarter with buyer interest low and plenty of sellers not prepared to accept the reality of the price achievable for their property. Those sellers that were prepared to meet the market on price, however, were making a sale. Across the Gold Coast, there are currently properties available which are priced near or below replacement cost and serious investors are recognising the prime time for buying well is now. The prestige and waterfront areas of the coast, particularly, continue to offer significantly discounted properties. The announcement that the 2018 Commonwealth Games will be the held on the Gold Coast is just the shot-inthe-arm the region s economy and its property market needed. The thousands of new jobs that will be created to prepare the city, especially within the construction sector, for the event will also instil some much-needed confidence amongst locals. This new activity will have a positive flow-on effect on the Coast s property market. The games will also put the Gold Coast on the world stage and provide the sort of media coverage that will benefit the region for years before and after the event. Over the quarter, steady performers included Mudgeeraba, up 4 per cent to $450,000; Nerang, up 4.8 per cent to $346,000; and Pacific Pines, up 5.4 per cent to $463,750. This performance of affordable suburbs is reflected in the quarterly sales figures with the numbers of sales under $350,000 growing 12 per cent, and between $350,000 and $500,000 growing 15 per cent, over the quarter. Prices for many units are the lowest they have been for years and in some cases investors are picking up properties that are likely to be cash-flow positive from the outset. Many developers have also been significantly discounting to move stock. The median unit and townhouse price decreased 7.6 per cent to $332,500. Inland in the Scenic Rim Regional council area, sales activity was up for houses on land less than 2,400m 2 with a pick-up in sales for affordable property at Beaudesert, resulting in a softening of the median house price for the region as a whole. Vacant Land market The release of a new subdivision at Hope Island, with lots starting from around $300,000, has contributed to the impressive increase in land sales activity on the Gold Coast. These, along with a number of waterfront lots on Sovereign Island, contributed to the increase in the overall LGA median, which was up 26.3 per cent to $303,000 over the September quarter. Sales activity for the Gold Coast was up 63 per cent over the quarter and up 54 per cent compared to the same time last year. Total sales over the 12 months to September however was down about 10 per cent to that of the previous year. Demand for new land in general continues to be very flat largely due to there being very little vacant land available for development in the region. al market The weekly median rent for a three-bedroom house on the Gold Coast was steady at $400 per week between September 2011 and September last year. The median weekly rent for a two-bedroom unit decreased $5 per week to $340 over the same period. As a result, gross yields for both house and unit rentals have remained relatively stable at 4.5 and 5.3 per cent respectively. The vacancy rate on the Gold Coast, as at the end of September, was 4.5 per cent, down from 5.2 per cent in June. While an improvement, local agents report there is a slight oversupply of rental properties at present given many people have left the area, especially those who were employed in the hospitality sector, to find work elsewhere. GOLD COAST HOUSE SALES <$350,000 $350,000+ $500,000+ $1m+ GOLD COAST UNIT SALES <$250,000 $250,000+ $350,000+ $500,000+ $1m

17 17 GOLD COAST HOUSES GOLD COAST CITY (LGA) $469, % $490, % 17.8% GOLD COAST CITY (LGA) ^ 101 $620, % $655, % 12.9% ARUNDEL 21 $455, % $490, % 19.5% ASHMORE ~ 19 $471, % $441, % 11.0% BENOWA + * ~ f 22 $603, % $675, % 9.1% BIGGERA WATERS ~ f 6 N/A N/A $450, % 7.3% BONOGIN ^ 11 $625, % $625, % 28.1% BROADBEACH WATERS ~ f 22 $688, % $740, % 8.8% BUNDALL ~ f 11 $715, % $820, % 10.2% BURLEIGH HEADS ~ f 17 $480, % $550, % 6.8% BURLEIGH WATERS 34 $526, % $540, % 18.0% CARRARA 16 $381, % $415, % 13.5% CLEAR ISLAND WATERS ~ f 9 $749, % $790, % 5.7% COOMBABAH ~ 9 $355, % $385, % 10.0% COOMERA + ~ f 9 $630, % $542, % 3.5% CURRUMBIN WATERS 19 $475, % $486, % 22.3% ELANORA 21 $432, % $482, % 10.9% HELENSVALE + ~ f 40 $441, % $490, % 12.6% HIGHLAND PARK 11 $380, % $424, % 24.7% HOLLYWELL 14 $500,000 N/A $529, % 4.9% HOPE ISLAND + ~ f * 15 $630, % $1,130, % -1.7% LABRADOR 10 $385, % $400, % 4.4% MAUDSLAND 5 N/A N/A $460, % 21.9% MERMAID BEACH ~ f 7 $950,000 N/A $1,025, % -10.9% MERMAID WATERS ~ 30 $535, % $588, % 5.0% MERRIMAC 9 $379,000 N/A $406, % 16.6% MIAMI ~ 6 N/A N/A $485, % 8.7% MOLENDINAR 9 $440, % $497, % 14.9% MUDGEERABA 22 $450, % $450, % 18.0% MUDGEERABA ^ ~ 8 $536, % $602, % 12.0% NERANG 24 $346, % $350, % 10.1% ORMEAU 22 $410, % $421, % 11.7% ORMEAU ^ 8 $732,500 N/A $665, % 20.4% OXENFORD 16 $402, % $432, % 16.6% PACIFIC PINES 34 $463, % $459, % 19.2% PALM BEACH ~ 15 $512, % $500, % 12.1% PARADISE POINT ~ f 8 $472, % $597, % 19.5% PARKWOOD 13 $437, % $453, % 16.3% REEDY CREEK ~ 10 $628, % $643, % 32.7% ROBINA 45 $481, % $520, % 9.2% RUNAWAY BAY ~ f 10 $615, % $755, % -4.7% SOUTHPORT ~ f 24 $420, % $425, % 9.0% SOVEREIGN ISLAND * f 10 $1,805,000 N/A $1,815, % -6.9% SURFERS PARADISE f 13 $1,700, % $1,375, % -8.3% TALLAI ^ 5 $925,000 N/A $724, % 21.2% TALLEBUDGERA ^ 3 N/A N/A $760, % 22.6% TUGUN 5 N/A N/A $445, % 5.0% UPPER COOMERA + ~ * 56 $378, % $400, % 14.3% VARSITY LAKES 24 $418, % $460, % 12.2% HOUSES continued WORONGARY 2 N/A N/A $377, % 12.4% WORONGARY ^ ~ 8 $580, % $575, % 3.6% SURROUNDS SCENIC RIM (LGA) ~ 45 $345, % $375, % 29.3% SCENIC RIM (LGA) ^ ~ 19 $420, % $463, % 15.2% BEAUDESERT 11 $290, % $315, % 27.9% TAMBORINE MOUNTAIN ~ 15 $390, % $423, % 2.0% UNITS & TOWNHOUSES GOLD COAST CITY (LGA) - * 900 $332, % $358, % 10.2% ARUNDEL 15 $300, % $310, % 16.2% ASHMORE 12 $277, % $292, % 16.8% BENOWA - * f 11 $447,700 N/A $447, % 41.2% CLEAR ISLAND WATERS - f 9 $370,000 N/A $395, % 16.3% COOMERA - f * 6 N/A N/A $358, % 59.4% CURRUMBIN 6 N/A N/A $413, % -1.5% ELANORA 4 N/A N/A $323, % 14.3% REEDY CREEK - * ~ t 6 N/A N/A $292, % 25.3% TUGUN ~ 4 N/A N/A $335, % -5.1% MAIN BEACH ~ f 28 $793, % $600, % 3.4% OXENFORD ~ * t 19 $360, % $289, % 24.2% PACIFIC PINES * t 7 $367, % $360, % 30.9% CARRARA - * f t 12 $420, % $393, % 2.5% BROADBEACH WATERS f 7 $380, % $360, % 17.6% CURRUMBIN WATERS f 16 $298, % $310, % 18.2% BIGGERA WATERS ~ f 19 $320, % $310, % 6.1% LABRADOR 41 $292, % $300, % 13.6% MERMAID WATERS 10 $290, % $303, % 13.7% VARSITY LAKES 40 $397, % $386, % 6.8% MERRIMAC * f 11 $310, % $349, % 40.9% ROBINA 16 $440, % $435, % 20.0% MUDGEERABA 15 $345, % $330, % 24.5% MIAMI 16 $318, % $352, % 13.7% ORMEAU 10 $345, % $350, % 14.9% COOMBABAH * t 25 $310, % $323, % 25.4% RUNAWAY BAY ~ f 17 $500, % $395, % -16.7% PALM BEACH 37 $320, % $352, % 13.3% SOUTHPORT 83 $315, % $336, % 12.2% COOLANGATTA f 31 $455, % $457, % 4.0% HOPE ISLAND - f t * 20 $401, % $415, % -20.2% SURFERS PARADISE ~ f * 148 $322, % $350, % -6.7% BURLEIGH HEADS f 26 $360, % $381, % 12.1% BROADBEACH * f 53 $450, % $480, % 6.4% NERANG ~ 20 $252, % $282, % 10.8% PIMPAMA * t 7 $314, % $365,900 N/A N/A HELENSVALE - * 8 $270, % $322, % 34.4% UPPER COOMERA - * 9 $310, % $350, % 9.0% BURLEIGH WATERS ~ t 20 $311, % $337, % 12.5%

18 18 GOLD COAST UNITS & TOWNHOUSES continued PARADISE POINT ~ f 12 $361, % $358, % -32.7% MERMAID BEACH ~ f * 30 $305, % $340, % 9.3% 3 BEDROOM HOUSES continued 4218 BROADBEACH $ $ ANDREWS $ $ ELANORA $ $ VACANT LAND GOLD COAST CITY (LGA) + * f 129 $303, % $250, % 25.1% GOLD COAST CITY (LGA) ^ 13 $400,000 N/A $450, % 23.3% COOMERA + * f 13 $235, % $229, % 4.5% HELENSVALE + * f 2 N/A N/A $410, % -6.8% HOPE ISLAND + * f 47 $309,500 N/A $341, % -36.3% ORMEAU HILLS 4 N/A N/A $224,200 N/A 33.5% OXENFORD 3 N/A N/A $217, % 14.5% PACIFIC PINES * 6 $259, % $245, % 27.6% PIMPAMA + * 4 N/A N/A $228, % 20.6% UPPER COOMERA + * 22 $224, % $233, % 23.0% SURROUNDS SCENIC RIM (LGA) ^ 9 N/A N/A $220, % 30.0% KOORALBYN ^ 5 $120,400 N/A N/A N/A N/A TOOWOOMBA 4223 CURRUMBIN $ $ TUGUN $ $ BILINGA $ $ CLEAR ISLAND WATERS $ $ REEDY CREEK $ $ INGLESIDE $440 5 $ SCENIC RIM REGIONAL $ $ TAMBORINE $ $ EAGLE HEIGHTS $ $ MOUNT TAMBORINE $ $ BENOBBLE $355 7 $ ALLENVIEW $ $ COLEYVILLE $ ARATULA $235 9 $ ALLANDALE $ $ BEDROOM UNITS GOLD COAST CITY $340 2,824 $345 2, GUANABA $ $ GOLD COAST LAND SALES <$250,000 $250,000+ $350,000+ $500, ADVANCETOWN $ $ BOYKAMBIL $ $ ARUNDEL $ $ AUSTRALIA FAIR $ $ ANGLERS PARADISE $ $ BENOWA $ $ BROADBEACH $ $ ANDREWS $ $ ELANORA $ $ CURRUMBIN $ $ TUGUN $ $ BEDROOM HOUSES GOLD COAST CITY $400 1,110 $400 1, BURNSIDE $ $ CANOWINDRA $ $ GUANABA $ $ ADVANCETOWN $ $ BOYKAMBIL $ $ AUSTINVILLE $ $ ARUNDEL $ $ AUSTRALIA FAIR $ $ ANGLERS PARADISE $ $ BENOWA $ $ BILINGA $ $ CLEAR ISLAND WATERS $ $ REEDY CREEK $ $ SCENIC RIM REGIONAL $ $ EAGLE HEIGHTS $ ALLENVIEW $ $ BEDROOM TOWNHOUSES GOLD COAST CITY $360 1,267 $360 1, BURNSIDE $ $ CANOWINDRA $ $ GUANABA $ $ ADVANCETOWN $ $ BOYKAMBIL $ $ AUSTINVILLE $ $ ARUNDEL $ $370 53

19 19 GOLD COAST 3 BEDROOM TOWNHOUSES continued 4215 AUSTRALIA FAIR $ $ ANGLERS PARADISE $ $ BENOWA $ $ BROADBEACH $ $ ANDREWS $ $ BEDROOM TOWNHOUSES continued 4223 CURRUMBIN $ $ TUGUN $ $ BILINGA $ CLEAR ISLAND WATERS $ $ REEDY CREEK $ $ ELANORA $ $ TOOWOOMBA House and unit markets The Toowoomba median house price was down 7.3 per cent to $275,000 with sales activity largely occurring at the affordable end of the market. According to local agents the market is very quiet at the moment, with buyers being quite cautious and not committing to a purchase. Only the affordable properties are selling well, which is seeing suburbs such as town and Harristown perform well. Although the resources industry is well under way in the nearby Surat Basin, the property sales market in Toowoomba is still yet to reap the benefits. Local agents also comment that buyers and sellers alike were being cautious and taking a wait-and-see approach. Market conditions are unusually quiet given the growth of the resources industry however local agents believe it is only a matter of time before we see a flow of demand onto the local property market. An undersupply of land releases over the past few years will put increased pressure on existing stock once demand from the resources industry comes into play. And similar to the most of the state, investors and first home buyers are yet to re-emerge. Outside of the Toowoomba LGA, other parts of the Darling Downs are beginning to record increased sales activity in line with the increased activity in the resources sector. The likes of Chinchilla and Dalby in the Western Downs both recorded increased activity, with new stock coming onto the market pushing Chinchilla s median up 20 per cent over the quarter. While only a small part of the residential market, units and townhouses in the Toowoomba region held their ground, with the LGA s median up slightly by 0.8 per cent and sales activity remaining steady over the September quarter. Over the 12 months to September, Kearneys Spring recorded the highest number of sales with new townhouse sales on Spring Street and Sambar Court as well as affordably-priced established units and duplexes selling well. Vacant land market Over the September quarter, land sales were up for the Toowoomba and surrounding LGA s, with the town of Oakey being the top performer. Located just 20 minutes drive out of Toowoomba, new house and land packages at Oakey are relatively more affordable than other subdivisions such as Kearneys Springs, Wyreema and Westbrook closer to town. The town is also well-supported by the Oakey Army Aviation complex as well as a number of agricultural suppliers. The Western Downs land market also had its fair share of sales activity with new subdivisions at Chinchilla and Dalby. While total sales volumes aren t that high, they are more than double the September quarter last year. al Market Toowoomba s rental market continues to be tight with vacancy rates still coming in at under 2 per cent since June Median weekly rents from the RTA have however, remained steady. Local agents report that although rental properties are taking less than a week to be let, there is a stable equilibrium between supply and demand. In saying that, local agents believe it is only a matter of time before demand increases and the demand-supply balance in Toowoomba will quickly become askew. With little room to move in supply levels, this could prove costly on the affordability front. The Surat rail project alone is set to create 45,000 new jobs and the region is being investigated for the location of one of the largest open cut mines in the southern hemisphere. This along with the introduction of daily flights to and from Roma and Sydney will further add to demand on the rental supply in the years to come.

20 20 TOOWOOMBA HOUSES TOOWOOMBA (LGA) ~ 331 $275, % $295, % 24.7% TOOWOOMBA (LGA) ^ ~ 65 $405, % $425, % 18.1% CENTENARY HEIGHTS 21 $307, % $292, % 19.2% DARLING HEIGHTS 6 N/A N/A $293, % 19.3% EAST TOOWOOMBA ~ 10 $340, % $390, % 39.3% GLENVALE 18 $308, % $325, % 25.7% HARLAXTON ~ 11 $187, % $216, % 8.0% HARRISTOWN 27 $257, % $265, % 23.3% HIGHFIELDS ^ ~ 14 $423, % $441, % 16.1% HIGHFIELDS ~ 10 $405, % $434, % 20.7% KEARNEYS SPRING 20 $322, % $325, % 18.2% MERINGANDAN WEST ^ 7 $367,000 N/A $335, % 19.9% MIDDLE RIDGE ~ 20 $428, % $428, % 19.0% MOUNT LOFTY ~ 12 $286, % $320, % 18.7% NEWTOWN ~ 33 $238, % $250, % 25.0% NORTH TOOWOOMBA ~ 14 $239, % $260, % 31.1% OAKEY ~ 5 N/A N/A $222, % 28.3% RANGEVILLE ~ 22 $285, % $360, % 16.1% ROCKVILLE ~ 9 $224, % $235, % 8.5% SOUTH TOOWOOMBA 15 $246, % $272, % 29.5% TOOWOOMBA CITY 4 N/A N/A $276, % 17.4% WESTBROOK 10 $389, % $395, % 15.5% WILSONTON ~ 19 $240, % $260, % 18.5% WILSONTON HEIGHTS ~ 9 $234, % $250, % N/A HOUSES continued SURROUNDS GOONDIWINDI (LGA) ~ 10 N/A N/A $217, % 19.2% GOONDIWINDI 8 $272,500 N/A $267, % 16.3% SOUTHERN DOWNS (LGA) ~ 48 $217, % $247, % 35.3% SOUTHERN DOWNS (LGA) ^ ~ 17 $363, % $342, % 32.5% STANTHORPE ~ 9 $215, % $245, % 37.6% WARWICK ~ 34 $215, % $255, % 33.5% WESTERN DOWNS (LGA) ~ 82 $271, % $270, % 50.0% WESTERN DOWNS (LGA) ^ ~ 23 $330, % $380, % 100.0% CHINCHILLA ~ * 36 $300, % $300, % 33.3% DALBY ~ 34 $221, % $238, % 25.3% DALBY ^ ~ 11 $363, % $410, % 28.1% UNITS & TOWNHOUSES TOOWOOMBA (LGA) 54 $240, % $242, % 17.0% EAST TOOWOOMBA ~ * 7 $214, % $225, % 20.7% HARRISTOWN ~ * 4 N/A N/A $220,000 N/A 0.0% KEARNEYS SPRING 4 N/A N/A $241, % 11.2% NEWTOWN * t 8 $241, % $235, % 28.6% SURROUNDS WESTERN DOWNS (LGA) * 7 N/A N/A $250,000 N/A N/A CHINCHILLA * 5 N/A N/A $207,000 N/A N/A VACANT LAND TOOWOOMBA HOUSE SALES <$350,000 $350,000+ $500, TOOWOOMBA (LGA) ~ * 57 $135, % $138, % 45.3% TOOWOOMBA (LGA) ^ ~ * 39 $140, % $158, % 17.0% GLENVALE * 2 N/A N/A $149, % 35.5% GOWRIE JUNCTION ^ * 5 $150, % $151, % N/A HODGSON VALE ^ 3 N/A N/A $160,000 N/A 18.5% KEARNEYS SPRING * 2 N/A N/A $167,750 N/A 32.6% KLEINTON * 3 N/A N/A $149, % N/A MERINGANDAN WEST 5 $100,000 N/A N/A N/A N/A OAKEY * 10 $82,500 N/A $82,000 N/A 36.1% WESTBROOK * 3 N/A N/A $125,500 N/A 49.4% WYREEMA * 7 $135,900 N/A N/A N/A N/A TOOWOOMBA UNIT SALES <$250,000 $250,000+ $350,000+ $500, SURROUNDS SOUTHERN DOWNS (LGA) ~ 23 $95, % $90, % 40.6% SOUTHERN DOWNS (LGA) ^ 20 $152, % $150, % 50.0% ROSENTHAL HEIGHTS * 5 $97,000 N/A $95,000 N/A N/A WARWICK 10 $101, % $95, % 36.4% WESTERN DOWNS (LGA) 24 $136, % $130, % 116.7%

21 21 TOOWOOMBA VACANT LAND continued WESTERN DOWNS (LGA) ^ ~ * 27 $85, % $109, % 186.8% CHINCHILLA * 14 $135, % $135, % 104.7% CHINCHILLA ^ * 2 N/A N/A $150, % 62.2% DALBY * 6 $140,000 N/A N/A N/A N/A DALBY ^ ~ * 7 $109,500 N/A $110, % 39.2% TARA ^ * 9 $40, % $39, % 105.3% 3 BEDROOM HOUSES continued GOONDIWINDI REGIONAL $ $ BEEBO $170 6 $ BILLA BILLA $ $ SOUTHERN DOWNS REGIONAL $ $ ALLORA $250 8 $ ALLAN $ $ AMIENS $ $ WESTERN DOWNS REGIONAL $ $ BLAXLAND $ $ TOOWOOMBA LAND SALES <$250,000 $250,000+ $350, BAKING BOARD $ $ BOORTKOI $265 5 $ BEDROOM UNITS TOOWOOMBA REGIONAL $ $ ATHOL $ $ ACLAND $170 6 $ GOONDIWINDI REGIONAL $ $ BILLA BILLA $ $ BEDROOM HOUSES TOOWOOMBA REGIONAL $ $ ATHOL $ $ AMIENS $ $ DOUGLAS $ ANDURAMBA $250 7 $ BONGEEN $ $ BRINGALILY $ $230 8 SOUTHERN DOWNS REGIONAL $ $ ALLAN $ $ AMIENS $ $ WESTERN DOWNS REGIONAL $ $ BLAXLAND $ $ BAKING BOARD $ $ BEDROOM TOWNHOUSES TOOWOOMBA REGIONAL $ $ ATHOL $ $275 9 WESTERN DOWNS REGIONAL $ BAKING BOARD $575 6 $ ASCOT $250 8 $ BACK PLAINS $220 9 $ ACLAND $ $ NEUMGNA $230 7 $ sunshine coast House and Unit Market Affordability is the name of the game on the Sunshine Coast with properties under $500,000 the easiest to shift over the September quarter. The median house price on the Sunshine Coast decreased 4.4 per cent to $430,000 over the period. The sales numbers were up 20 per cent compared to the June quarter. The demand for affordable stock is reflected in the number of sales under $350,000 increasing 61 per cent, and the number of sales between $350,000 and $500,000 increasing 25 per cent, over the September quarter. Local agents say sellers need to be brutally honest with the price they are willing to accept to make a sale. There is currently increased enquiry from first home buyers but this is yet to translate into actual sales. Investor activity remains subdued as does owneroccupiers upgrading. There are some reports of mortgage stress but this is not turning into mortgagee sales, instead, homeowners are selling before they are forced too.

22 22 sunshine coast Those buyers active in the market are reportedly being cautious about taking on too much debt and are buying within their means so they don t end up shackled to a bank. The November interest rate cut had little impact on the market with agents saying rates will need to drop more than just once before the market starts moving again. The median unit and townhouse price decreased 4.2 per cent to $340,000 over the quarter. Sales numbers were up 11 per cent compared to the June quarter. There continues to be significant discounting in the unit market with some well-located properties selling for under $300,000 which is a price not seen for many years. Local agents however say that units need to be wellpriced as well as well-positioned to make a sale. Land Market The median price of vacant land decreased 3.7 per cent to $234,500 over the quarter. The number of sales was up 17 per cent, but sales over the year were down about 45 per cent compared to the year ending September The vast majority of vacant land available on the Sunshine Coast is located in residential estates that are price-point driven. Estates located in Peregian Springs, Sippy Downs and Brightwater are proving to be some of the most popular. Brightwater is located amongst the burgeoning Kawana growth corridor which will be the site of two new hospitals over the next five years. al Market The median rent for a three-bedroom house on the Sunshine Coast increased $5 per week to $365 between September 2011 and September last year. The median rent for a two-bedroom unit decreased $5 per week to $295 over the same period. This decrease in price was reflected in comments by local agents who say many tenants are negotiating lower rents before agreeing to re-sign rental agreements. The Sunshine Coast residential vacancy rate was 4.6 per cent as at the end of the September, an improvement on 4.9 per cent at the end of June. As previously mentioned many tenants are aware of the oversupply of rental properties on the coast at present and are asking for discounted rents. HOUSES SUNSHINE COAST (LGA) 613 $430, % $450, % 15.4% SUNSHINE COAST (LGA) ^ 111 $553, % $560, % 17.9% AROONA ~ * 9 $428, % $430, % 22.0% BATTERY HILL 3 N/A N/A $437, % 23.9% BEERWAH 15 $377, % $380, % 31.0% BLI BLI 14 $374,250 N/A $387, % 21.2% BUDDINA ~ f 10 $445, % $487, % -8.0% BUDERIM ~ 75 $475, % $488, % 13.5% BURNSIDE 7 $290,500 N/A $378, % 35.8% CALOUNDRA WEST 14 $402, % $400, % 13.8% COOLUM BEACH f 20 $489, % $451, % 4.9% CURRIMUNDI ~ 26 $355, % $397, % 8.2% DOONAN ^ ~ 10 $602, % $700, % 25.0% GLASS HOUSE MOUNTAINS ~ 6 N/A N/A $402, % 26.2% GLASS HOUSE MOUNTAINS ^ ~ 5 $410, % $463, % 15.9% GOLDEN BEACH 15 $395, % $427, % 10.8% KULUIN 4 N/A N/A $380, % 15.0% LANDSBOROUGH 7 $340,000 N/A $359, % 19.8% LITTLE MOUNTAIN ~ 34 $415, % $442, % 16.5% MALENY ~ 7 $445, % $434, % 22.0% MAROOCHYDORE ~ 17 $430, % $435, % 13.0% MERIDAN PLAINS 4 N/A N/A $400, % 5.5% MINYAMA ~ f 6 N/A N/A $789, % -16.9% MOFFAT BEACH 13 $480,000 N/A $552, % 27.0% MOOLOOLABA ~ f 11 $510,000 N/A $510, % 6.3% MOOLOOLAH VALLEY ^ ~ 4 N/A N/A $569, % 38.9% SUNSHINE COAST HOUSE SALES <$350,000 $350,000+ $500,000+ $1m SUNSHINE COAST UNIT SALES <$250,000 $250,000+ $350,000+ $500,000+ $1m

23 23 sunshine coast HOUSES continued MOUNT COOLUM 8 $426, % $465, % 27.4% MOUNTAIN CREEK 19 $459, % $471, % 17.9% NAMBOUR 17 $307, % $322, % 17.7% NOOSA HEADS + ~ * f 6 N/A N/A $677, % -5.9% NOOSAVILLE ~ f 20 $795, % $800, % 19.9% PALMWOODS ~ 14 $400, % $412, % 9.7% PARREARRA 15 $572, % $580, % 19.6% PELICAN WATERS ~ f 22 $530, % $565, % 6.6% PEREGIAN BEACH ~ f 8 $470, % $570, % -4.2% PEREGIAN SPRINGS + ~ * 14 $555, % $545, % 3.8% POMONA ^ 4 N/A N/A $507, % 19.4% SIPPY DOWNS 23 $387, % $415, % 14.6% SUNRISE BEACH 5 N/A N/A $588, % 13.3% SUNSHINE BEACH ~ f 2 N/A N/A $892, % -30.0% TEWANTIN ~ 19 $380, % $405, % 6.6% TWIN WATERS 5 N/A N/A $660, % 13.8% WARANA 9 $480, % $447, % 7.8% WOOMBYE 6 N/A N/A $390, % 21.5% WURTULLA ~ 15 $417, % $447, % 24.3% VACANT LAND SUNSHINE COAST (LGA) + * 89 $234, % $250, % 25.6% SUNSHINE COAST (LGA) ^ 29 $357,500 N/A $365, % 28.1% AROONA 5 $230,000 N/A N/A N/A N/A BEERWAH ~ * 4 N/A N/A $186, % 20.3% BIRTINYA * 2 N/A N/A $340, % N/A BLI BLI 8 $229,250 N/A N/A N/A N/A MALENY 5 $197,500 N/A N/A N/A N/A MOUNTAIN CREEK * 4 N/A N/A $265, % N/A NOOSAVILLE f * 5 $291,500 N/A $304, % -33.4% PELICAN WATERS f * 8 $287, % $310, % 9.7% PEREGIAN SPRINGS + ~ * 17 $216, % $227, % -17.3% WOOMBYE * 3 N/A N/A $203, % 16.0% SUNSHINE COAST LAND SALES <$250,000 $250,000+ $350,000+ $500, UNITS & TOWNHOUSES SUNSHINE COAST (LGA) - ~ 351 $340, % $360, % 3.7% ALEXANDRA HEADLAND f 18 $370, % $300, % -9.1% BUDERIM - 25 $340, % $385, % 22.2% CALOUNDRA * f 23 $330, % $380, % -2.6% COOLUM BEACH t f 11 $325, % $350, % -14.6% GOLDEN BEACH f 11 $365,000 N/A $364, % -6.7% KINGS BEACH ~ f 22 $400, % $405, % 2.9% MARCOOLA 9 $360,000 N/A $385, % 2.0% MAROOCHYDORE 50 $360, % $360, % 2.9% MINYAMA 3 N/A N/A $289,500 N/A 15.8% MOOLOOLABA f 21 $330, % $350, % -5.4% MOUNT COOLUM 4 N/A N/A $335, % 13.6% NAMBOUR * t 9 $228, % $230, % 15.6% NOOSA HEADS - * f 17 $420, % $515, % -25.0% NOOSAVILLE 35 $335, % $358, % 8.6% PARREARRA t * f 1 N/A N/A $540, % 42.1% PELICAN WATERS - f 4 N/A N/A $390, % -10.5% PEREGIAN SPRINGS - * t 5 N/A N/A $418, % -27.1% SUNSHINE BEACH ~ f 5 N/A N/A $540, % -16.9% WARANA * 9 $280,000 N/A $280, % -11.1% 3 BEDROOM HOUSES SUNSHINE COAST REGIONAL $365 1,058 $360 1, GLASS HOUSE MOUNTAINS $350 9 $ BEERWAH $ $ LANDSBOROUGH $ $ AROONA $ $ BALD KNOB $ $ DIAMOND VALLEY $350 6 $ CHEVALLUM $ $ BUDERIM $ $ KAWANA ISLAND $ $ COTTON TREE $ $ DIDDILLIBAH $ $ BLI BLI $ $ BRIDGES $ $ BELLI PARK $ $ BLACK MOUNTAIN $ $ MARCOOLA $ $ BOREEN $ $ MUNNA POINT $ $ CASTAWAYS BEACH $ $415 49

24 24 sunshine coast 3 BEDROOM HOUSES continued 2 BEDROOM UNITS 4568 FEDERAL $330 9 $ COOLUM BEACH $ $ COOLABINE $ BIRTINYA $ $ SUNSHINE COAST REGIONAL $295 1,090 $ BEERWAH $ LANDSBOROUGH $ AROONA $ $ BALD KNOB $ BUDERIM $ $ KAWANA ISLAND $ $ COTTON TREE $ $ DIDDILLIBAH $ $ BLI BLI $ $ MARCOOLA $ $ BOREEN $ $ BEDROOM UNITS continued 4567 CASTAWAYS BEACH $ $ ALEXANDRA HEADLAND $ $ COOLUM BEACH $ $ BIRTINYA $ $ BEDROOM TOWNHOUSES SUNSHINE COAST REGIONAL $ $ BEERWAH $285 6 $ AROONA $ $ BUDERIM $ $ KAWANA ISLAND $ $ COTTON TREE $ $ BLI BLI $360 9 $ MARCOOLA $ $ MUNNA POINT $430 6 $ CASTAWAYS BEACH $ $ COOLUM BEACH $ $ BIRTINYA $350 7 $ MUNNA POINT $ $ FRASER coast HOUSE AND UNIT MARKETS The Fraser Coast s residential property market continues to be characterised by sporadic activity. Over the September quarter, the Fraser Coast median house price decreased 1.8 per cent to $275,000. Over the year its median was down 6.5 per cent. The numbers of preliminary house sales over the quarter was however up 29 per cent. Local agents say the market continues to be sluggish with no sense of urgency from buyers given the large amount of stock currently available. Young buyers in particular lack confidence with many unsure about future interest rate movements and economic conditions generally. The bottom of the market is where the majority of the action is taking place with the number of house sales under $350,000 up 33 per cent compared to the previous quarter. While affordable property is the most popular, there remains some activity from up-graders who are looking to take advantage of the current soft market conditions and price discounting opportunities. The Fraser Coast Regional Council, similarly to other northern regional councils, is developing initiatives which they hope will entice workers from resources areas to live in the region. Solid performers over the September quarter included Point Vernon with a median house price increase of 2.9 per cent to $283,500, and Urraween, up 4.5 per cent to $333,900. The Fraser Coast median unit and townhouse increased 20.1 per cent to $320,000 over the September quarter however this statistic was impacted by a number of sales in a new complex with water views in Pialba on the Esplanade. Over the year the median unit price dropped 5.4 per cent. Local agents say there remains an oversupply of unit stock on the market with many vendors unable to make a sale. Many unsuccessful sellers are taking their units off the market and renting them out or adding them to the holiday letting pool FRASER COAST HOUSE SALES <$350,000 $350,000+ $500,

25 25 FRASER coast VACANT LAND MARKET The median price of vacant land on the Fraser Coast decreased 18.3 per cent to $135,000 over the September quarter. Over the year, the median price increased 1.9 per cent. Sales of vacant land continue to be low in the region, even with the offer of $10,000 from the Queensland Building Boost on the table. Local agents say the vacant land market continues to struggle given the majority of buyers opt for established residential. Activity is also low for surrounding regions, however a few sales in a new subdivision at Kingaroy, lifted the median for the South Burnett LGA over the quarter. RENTAL MARKET The median rent for a three-bedroom house on the Fraser Coast increased $10 per week to $260 between September 2011 and September last year. The median rent for a two-bedroom unit increased $5 per week to $210 over the same period. Gross yields for houses remained relatively steady over the quarter, however with the large increase in the unit median due to new sales at Pialba, the gross unit yield eased to 3.4 per cent. Residential vacancy rates have improved slightly by 0.9 percentage points to 5.8 per cent at the end of the September. Like the state s other tourism centres, a lack of employment opportunities is seeing some residents leaving the region to find work. Agents report lower tenant enquiries, with less than two applicants per rental listing, while investors are yet to re-emerge. HOUSES FRASER COAST (LGA) 212 $275, % $290, % 12.0% FRASER COAST (LGA) ^ 38 $346, % $366, % 16.7% ELI WATERS 6 N/A N/A $319, % 11.9% GLENWOOD ^ ~ 6 $167,500 N/A $205, % 24.2% GRANVILLE ~ 8 $232, % $225, % 13.6% KAWUNGAN ~ 13 $295, % $325, % 7.6% MARYBOROUGH 36 $216, % $225, % 20.5% PIALBA ~ 10 $242, % $275, % 1.3% POINT VERNON ~ 20 $283, % $295, % 7.3% SCARNESS ~ 8 $233, % $278, % 3.1% TINANA 7 $260,000 N/A $330, % 32.0% TOOGOOM 8 $282,000 N/A N/A N/A N/A TORQUAY 14 $294, % $310, % 7.0% URANGAN * 32 $308, % $307, % 6.0% URRAWEEN 19 $333, % $330, % 5.3% SURROUNDS GYMPIE (LGA) ~ 54 $244, % $264, % 14.8% GYMPIE (LGA) ^ ~ 39 $335, % $347, % 15.8% GYMPIE ~ 23 $220, % $240, % 8.1% SOUTHSIDE ~ 12 $315, % $305, % 13.0% SOUTH BURNETT (LGA) ~ 39 $192, % $211, % 24.1% SOUTH BURNETT (LGA) ^ ~ 29 $295, % $292, % 39.3% KINGAROY 19 $250, % $246, % 23.5% KINGAROY ^ ~ 4 N/A N/A $409, % 32.7% NANANGO 7 $185,000 N/A $185, % 10.4% FRASER COAST UNIT SALES <$250,000 $250,000+ $350,000+ $500,000+ UNITS & TOWNHOUSES FRASER COAST (LGA) - * f 25 $320, % $273, % -0.5% PIALBA * f 9 $335,000 N/A $268, % 6.6% URANGAN * f 11 $284, % $290, % 3.6% VACANT LAND FRASER COAST (LGA) ~ * 37 $135, % $158, % 21.1% FRASER COAST (LGA) ^ ~ * 39 $88, % $99, % 42.1% GLENWOOD ^ ~ * 18 $79, % $78, % 50.0% RIVER HEADS ~ 8 $119,000 N/A $137, % 0.7% TINANA * 5 $129,900 N/A N/A N/A N/A FRASER COAST LAND SALES <$250,000 $250,000+ $350,000+ URRAWEEN 3 N/A N/A $169, % 16.9% WONDUNNA * 6 $173,750 N/A $175, % 16.4% SURROUNDS GYMPIE (LGA) 8 N/A N/A $128, % 36.2% GYMPIE (LGA) ^ ~ * 14 $154, % $140, % 16.7% GYMPIE 3 N/A N/A $130, % 44.4% SOUTHSIDE 2 N/A N/A $130, % 41.3%

26 26 FRASER coast VACANT LAND continued SOUTH BURNETT (LGA) * 22 $86, % $80, % 72.0% SOUTH BURNETT (LGA) ^ 18 $114, % $103, % 60.5% HIVESVILLE 5 $20,000 N/A N/A N/A N/A KINGAROY * 10 $117,500 N/A $120, % 33.3% MEMERAMBI * 4 N/A N/A $80,000 N/A N/A 3 BEDROOM HOUSES continued SOUTH BURNETT REGIONAL $ $ BARLIL $ $ CHARLESTOWN $ $ CHARLESTOWN $ ALICE CREEK $ $ BARKER CREEK FLAT $ $ BEDROOM HOUSES FRASER COAST REGIONAL $ $ ALDERSHOT $ $ BOORAL $ $ BEELBI CREEK $ $ TORBANLEA $ GYMPIE REGIONAL $ $ AMAMOOR $ $ COOLOOLA $ $ EURONG $ BLACK SNAKE $ BEDROOM UNITS FRASER COAST REGIONAL $ $ ALDERSHOT $ $ BOORAL $ $ GYMPIE REGIONAL $ $ AMAMOOR $ $ EURONG $ $ SOUTH BURNETT REGIONAL $ $ ALICE CREEK $ $ BARKER CREEK FLAT $ BEDROOM TOWNHOUSES FRASER COAST REGIONAL $ $ BOORAL $ $ GYMPIE REGIONAL $ $ AMAMOOR $ $ bundaberg House and unit markets Over the September quarter, the Bundaberg median house price decreased 3.6 per cent to $270,000 however sales activity for the region has picked up on the back of improved confidence from investors and people relocating from Gladstone. Sales within the sub $350,000 bracket in particular were up for the quarter, which contributed to the softening in the overall house median for the region. With a number of employment opportunities with new local businesses as well as the mining industry, confidence is beginning to return to buyers and vendors, according to local real estate agents. Bundaberg is fast becoming a popular choice as an affordable option for buyers with a number of residents relocating from Gladstone. Such buyers have taken the opportunity to get more for their money, with tidy homes under $400,000 selling well. Acreage living at Branyan and beachside living at Bargara are appealing to buyers moving to the area, as are affordable properties in well-placed suburbs such as Walkervale and Svensson Heights. Local agents comment that well-priced stock across Bundaberg is moving quite quickly which is expected to see improvements in median prices over the coming months as higher-priced stock also begins to sell. In the unit and townhouse market, sales activity was also up over the quarter. The suburb of Kalkie, located on Bundaberg s outskirts on the way out to the beaches of Bargara and Burnett Head, recorded an increase in sales over the quarter. Bargara however continues to be the buyers pick for units and townhouses, with new unit sales contributing to the strong 13.7 per cent increase in its median over the year to September.

27 27 BUNDABERG Vacant land market With increased demand for established properties, local agents are tipping new house and land packages to become a more attractive option for investors and new residents to the area. Sales activity over the quarter was up across the Bundaberg region, with Moore Park Beach and Bargara the most popular locations for buyers in the land market. al market Bundaberg is beginning to reap the benefits of the Gladstone mining boom particularly as the region is vastly more affordable and yet within easy enough commute. Vacancy rates dropped an impressive 1.3 percentage points, while median rents remained relatively steady. At $265 a week for a three bedroom house, median rents in Bundaberg are considerably more affordable than Gladstone s, according to RTA figures. Median rents across the board have remained steady since the same time last year, however as more people relocate to the area, demand for rental properties is likely to result in increased asking rents. Gross house yields have also improved over the quarter, up 0.3 percentage points rivalling the likes of Gladstone and Rockhampton. Gross unit yields however are amongst the lowest for all major regional centres, however this is largely due to minimal affordable stock left remaining on the market relative to asking rents. HOUSES BUNDABERG (LGA) 205 $270, % $280, % 21.7% BUNDABERG (LGA) ^ ~ 68 $310, % $335, % 25.5% AVENELL HEIGHTS 9 $295, % $280, % 21.2% AVOCA ~ 20 $286, % $302, % 20.0% BARGARA ~ 25 $433, % $370, % 15.6% BRANYAN ^ ~ 13 $317, % $345, % 15.2% BUNDABERG EAST 9 $265, % $270, % 21.3% BUNDABERG NORTH 11 $265, % $263, % 28.3% BUNDABERG SOUTH ~ 13 $206, % $238, % 25.3% BUNDABERG WEST ~ 5 N/A N/A $239, % 1.9% BURNETT HEADS 4 N/A N/A $275, % 14.6% KALKIE 7 $249,000 N/A $347, % 29.9% KEPNOCK ~ 9 $225, % $265, % 15.2% MILLBANK 5 N/A N/A $246, % 14.4% NORVILLE * ~ 11 $270, % $242, % 30.1% SVENSSON HEIGHTS ~ 15 $250, % $243, % 24.7% THABEBAN 9 $266, % $275, % 33.5% WALKERVALE ~ 15 $205,000 N/A $212, % 18.8% SURROUNDS NORTH BURNETT (LGA) 12 N/A N/A $147, % 22.9% UNITS & TOWNHOUSES BUNDABERG (LGA) 31 $270, % $259, % 12.6% BARGARA * f 7 $254,000 N/A $365, % 1.4% KALKIE * 7 $270,000 N/A N/A N/A N/A BUNDABERG HOUSE SALES <$350,000 $350,000+ $500, VACANT LAND BUNDABERG (LGA) 38 $144, % $140, % 21.2% BUNDABERG (LGA) ^ ~ * 31 $135, % $142, % 50.3% ASHFIELD * 2 N/A N/A $144, % N/A BARGARA * 6 $173,250 N/A $154, % 2.7% BRANYAN * 1 N/A N/A $128, % 32.0% BRANYAN ^ * 5 $135,000 N/A N/A N/A N/A MOORE PARK BEACH 7 $144,000 N/A $144,000 N/A N/A SOUTH ISIS ^ * 5 $129,000 N/A N/A N/A N/A BUNDABERG UNIT SALES <$250,000 $250,000+ $350,000+ $500,000+ BUNDABERG LAND SALES <$250,000 $250,000+ $350,

28 28 BUNDABERG 3 BEDROOM HOUSES continued BUNDABERG REGIONAL $ $ ABINGTON $ $ ABBOTSFORD $ $ BOOLBOONDA $ $ NORTH BURNETT REGIONAL $ $ ARANBANGA $ $ BEDROOM UNITS 3 BEDROOM TOWNHOUSES BUNDABERG REGIONAL $ $ ABBOTSFORD $ $ BUNDABERG REGIONAL $ $ ABBOTSFORD $ $ BEERON $200 7 $ BANCROFT $ $140 5 gladstone House and unit markets Gladstone continues to outperform the rest of the state as the resources industry gathers pace. While sales activity is up, the concentrated activity at the affordable end of the market is behind the minimal change to the region s overall median house price, which remained relatively unchanged at $440,000. Agents report investors, predominantly from Queensland and Western Australia, are looking to the townhouse and new house market, largely due to their lower maintenance, however established house suburbs such as Clinton, and Auckland are also attracting attention for well placed and affordably priced properties. As mining industry developments continue to grow, local agents expect the flow on of demand onto increased property prices will become more evident in median house price trends in quarters to come. This is evident they say, with entry level prices for houses beginning to creep up to around the $380,000 mark. Outer-lying towns such as Boyne Island-Tannum Sands and Agnes Water continue to attract attention from local buyers as the ideal lifestyle choice. Boyne Island-Tannum sands, Gladstone s beach side satellite town just 15km drive south, recorded a strong increase in sales activity over the September quarter. The unit and townhouse market is where the majority of investor activity is occurring with new townhouse complexes popular given their lower maintenance and high rental returns. The suburbs of South and West Gladstone saw the largest increases in sales activity over the quarter and are some of the most affordable locations for the city of Gladstone. Telina also saw an increase in activity over the year to September due to new townhouse developments. Vacant land market Sales activity is up across the Gladstone region, with land subdivisions coming onto the market in droves, in a bid to keep up with the demand for housing in the region. Residential hotspots for Gladstone include Clinton, Calliope and Auckland. Clinton, recorded the highest increase in sales over the quarter and is home to one of the designated urban development areas administered by the Urban Land Development Authority. About six kilometres south-west of the CBD, the area will assist in meeting the increasing pressure on housing supply from new residents. Over the 12 months to September, neighbouring Auckland recorded the top increase in preliminary sales on the previous year. GLADSTONE HOUSE SALES <$350,000 $350,000+ $500,000+ GLADSTONE UNIT SALES <$250,000 $250,000+ $350,000+ $500,

29 29 GLADSTONE HOUSES GLADSTONE (LGA) 286 $440, % $420, % 64.7% GLADSTONE (LGA) ^ ~ 34 $583, % $525, % 63.4% BARNEY POINT 9 $365,000 N/A $337,500 N/A 75.3% BOYNE ISLAND * 31 $459, % $458, % 60.0% CALLIOPE * 19 $460, % $417, % 84.7% CLINTON 41 $430, % $418, % 60.8% GLEN EDEN ~ 19 $449, % $455, % 84.0% KIN KORA 15 $472, % $420, % 66.8% NEW AUCKLAND * ~ 35 $478, % $434, % 72.2% SOUTH GLADSTONE ~ 17 $395, % $390, % 69.6% SUN VALLEY ~ 14 $422, % $379,000 N/A 67.1% TANNUM SANDS ~ f 22 $473, % $462, % 36.1% TELINA * 10 $456, % $447, % 56.8% TOOLOOA 8 $373,750 N/A $350,000 N/A 85.7% WEST GLADSTONE 26 $399, % $392, % 71.6% SURROUNDS BANANA (LGA) ~ 18 $290, % $270, % 25.6% BILOELA 11 $270, % $277, % 20.7% UNITS & TOWNHOUSES GLADSTONE (LGA) - * f t 67 $341, % $355, % 89.3% GLADSTONE CITY * f 10 $305,500 N/A $362, % 135.8% SOUTH GLADSTONE * t 14 $297,500 N/A $300, % 138.1% TANNUM SANDS 6 N/A N/A $318,500 N/A N/A TELINA * t 9 $490, % $472,500 N/A N/A WEST GLADSTONE * t 16 $305,000 N/A $305,000 N/A 74.3% Centrally located, just 5km southwest of the Gladstone CBD, Auckland is attracting buyers to the area as its newly built homes in the suburb are amongst the most prestigious for Gladstone. Acreage lots within half an hour s drive of Gladstone or the weekender block 1.5hrs drive away are also proving popular at the likes of Agnes Water, Benaraby and Calliope. VACANT LAND GLADSTONE (LGA) * 106 $225, % $200, % 73.9% GLADSTONE (LGA) ^ ~ * 48 $215, % $225, % 80.0% AGNES WATER ~ f 6 $181, % $170,000 N/A -6.2% AGNES WATER ^ ~ 9 $165, % $150, % 0.0% BENARABY ^ * 8 $242,500 N/A $240,000 N/A 108.7% BOYNE ISLAND * 10 $272,500 N/A $228, % 93.2% CALLIOPE * 8 $188, % $176, % 151.4% CALLIOPE ^ * 5 $250,000 N/A $212, % 92.7% CLINTON * 29 $210,000 N/A $197,450 N/A 97.6% GLEN EDEN ~ * 9 $249, % $214, % 76.5% KIRKWOOD * 14 $260, % $220, % N/A NEW AUCKLAND * 15 $210, % $192,000 N/A 70.7% SOUTH GLADSTONE * 7 $227,000 N/A $195, % 89.8% 3 BEDROOM HOUSES GLADSTONE REGIONAL $ $ AGNES WATER $ $ BARMUNDU $ $ BANANA SHIRE $ $ BILOELA $ $ BAUHINIA $ $ BEDROOM UNITS GLADSTONE REGIONAL $ $ AGNES WATER $ BARMUNDU $ $ BANANA SHIRE $ $ BILOELA $ $ BEDROOM TOWNHOUSES GLADSTONE REGIONAL $ $ BARMUNDU $ $ al market The rental property of choice for Gladstone tenants and investors are three bedroom townhouses and four bedroom houses. Both recorded a median weekly rent of $550 for the September quarter, as share housing becomes a popular choice amongst renters looking to keep costs down. The REIQ rental survey found vacancy rates have remained low at 0.7 per cent. Such conditions have seen median weekly rents increase across all property types, which has improved gross yields by 0.6 and 1.4 percentage points for houses and units respectively. GLADSTONE LAND SALES <$250,000 $250,000+ $350,

30 30 ROCKHAMPTON House and Unit Markets Rockhampton is continuing to benefit from the strength of the resources sector as well as the relatively high price of property in neighbouring Gladstone. Local agents say increased enquiry and activity is coming from workers employed in the mining sector, or on its periphery, in construction and infrastructure, as they seek to find alternate more affordable accommodation than what is available in Gladstone. The Rockhampton median house price decreased marginally, by 0.1 per cent, to $312,000 over the quarter, while the number of preliminary sales was up 14 per cent. The majority of demand for property is at the affordable end of the market with sales under $350,000 up nine per cent compared to June, and sales between $350,000 and $500,000 up 18 per cent. About 60 per cent of all house sales in Rockhampton over the quarter were for under $350,000 while in Gladstone only about 10 per cent were for under this amount. The top end of the market in Rockhampton, however, is still sluggish with anything priced over $500,000 harder to sell. Rockhampton s median house price has held its ground over the past 12 months, and even though prices haven t softened as much as in other areas, there is currently more first home buyer and investor activity, possibly due to a belief that interest rates aren t going up anytime soon. Land Market The median price of vacant land was flat at $150,000 over the quarter however sales numbers were up by 29 per cent. Compared to neighbouring Gladstone, which has a median land price of $225,000, the price of land in Rockhampton remains particularly attractive, especially to mining workers and investors. Local agents say there has been some interest in the Queensland Building Boost but not in a significant way. al Market The median rent for a three-bedroom house in Rockhampton increased $10 per week to $310 per week between September 2011 and September last year. The median rent for a two-bedroom unit increased $15 per week to $240 over the same period. Gross yields however have remained steady at 5.2 per cent for houses, while units eased to 4.3 per cent on the back of The vacancy rate recorded for Rockhampton at the end of September was 1.2 per cent - the lowest on record and down from 2 per cent at the end of the June. Local property managers say demand is strong from mining workers who are opting to live in Rockhampton instead of Gladstone due to the region s more affordable rental market. Mining workers are particularly interested in properties around the Gracemere area given it is an outer-southern suburb of Rockhampton from which they can commute to Gladstone. Demand from these buyers is possibly behind the robust performance of Gracemere acreage home over the quarter, which recorded price growth of 11.3 per cent to $590,000. Other solid performers over the quarter included Frenchville, up 8.3 per cent to $341,000, and Park Avenue, up 3.8 per cent to $270,000. ROCKHAMPTON HOUSE SALES <$350,000 $350,000+ $500, Inland in the Central Highlands where the mining industry has been well-established for some time now, house sales activity was likewise up over the quarter and year, with houses in new residential developments in Emerald, Capella and Blackwater selling well. Rockhampton s median unit and townhouse price was up 7.2 per cent to $289,500 over the quarter largely due to some high end sales. Sales numbers were also up overall, however given the small size of this segment of the market less than 30 preliminary unit sales in total were recorded over the quarter. ROCKHAMPTON UNIT SALES <$250,000 $250,000+ $350,000+ $500,

31 31 ROCKHAMPTON HOUSES ROCKHAMPTON (LGA) 301 $312, % $317, % 35.1% ROCKHAMPTON (LGA) ^ ~ 45 $480, % $465, % 36.8% ALLENSTOWN ~ 12 $347, % $262, % 40.0% BERSERKER 23 $230, % $242, % 30.8% FRENCHVILLE 36 $341, % $328, % 27.4% GRACEMERE 38 $322, % $330, % 24.5% GRACEMERE ^ ~ 6 $590, % $457,500 N/A 20.4% KAWANA 10 $306, % $305, % 23.5% KOONGAL ~ 17 $249, % $247, % 20.5% LAMMERMOOR + * 5 N/A N/A $435, % 13.0% MOUNT MORGAN ~ 8 $137, % $127, % 31.4% NORMAN GARDENS * 37 $390, % $434, % 34.7% PARK AVENUE 16 $270, % $260, % 23.8% PARKHURST 4 N/A N/A $197, % 31.7% TARANGANBA ~ 11 $420, % $378, % 15.9% THE RANGE ~ 15 $313, % $340, % 19.3% VACANT LAND ROCKHAMPTON (LGA) + * 77 $150, % $139, % 11.2% ROCKHAMPTON (LGA) ^ ~ * 46 $210, % $210, % 47.9% BARMARYEE ^ * 8 $250,250 N/A N/A N/A N/A GRACEMERE 15 $135, % $135, % 35.0% GRACEMERE ^ 7 $185,000 N/A $185,000 N/A 27.6% LAMMERMOOR + * 18 $177, % $139, % 6.9% MULAMBIN + * 4 N/A N/A $194, % 29.3% NORMAN GARDENS * 8 $178, % $180, % 40.6% ROCKYVIEW ^ ~ * 5 $180, % N/A N/A N/A TANBY ^ * 7 $230,000 N/A N/A N/A N/A YEPPOON * G 11 $150, % $150, % 7.9% ZILZIE 4 N/A N/A $175, % 12.9% SURROUNDS CENTRAL HIGHLANDS (LGA) ~ * 16 $150, % $136, % 19.2% EMERALD * 9 $150, % $147, % 25.5% WANDAL 14 $280, % $286, % 29.4% WEST ROCKHAMPTON 9 $255,000 N/A $260, % 32.7% YEPPOON ~ f 22 $357, % $392, % 26.5% ZILZIE 6 N/A N/A $356,000 N/A 7.9% SURROUNDS CENTRAL HIGHLANDS (LGA) 126 $375, % $370, % 32.1% CENTRAL HIGHLANDS (LGA) ^ 16 $412,500 N/A $497, % 38.2% BLACKWATER ~ * 42 $371, % $357, % 49.0% CAPELLA ~ * 11 $289, % $288, % 44.3% EMERALD ~ * 63 $425, % $400, % 24.0% EMERALD ^ 7 $639, % $569, % 18.8% UNITS & TOWNHOUSES ROCKHAMPTON (LGA) - * 26 $289, % $289, % 41.0% YEPPOON - * f t 7 $290, % $317, % 19.4% SURROUNDS CENTRAL HIGHLANDS (LGA) 15 $285,000 N/A $295, % 11.1% EMERALD 12 $282,500 N/A $295, % 11.1% 3 BEDROOM HOUSES 2 BEDROOM UNITS ROCKHAMPTON REGIONAL $ $ ALLENSTOWN $ $ BERSERKER $ $ ALBERTA $ $ ADELAIDE PARK $ $ EMU PARK $ $ BAREE $ $ CENTRAL HIGHLANDS REGIONAL $ $ BLACKWATER $ $ EMERALD $ $ CAPELLA $450 9 $330 7 ROCKHAMPTON REGIONAL $ $ ROCKHAMPTON LAND SALES <$250,000 $250,000+ $350, ALLENSTOWN $ $ BERSERKER $ $ ALBERTA $190 6 $ ADELAIDE PARK $ $ CENTRAL HIGHLANDS REGIONAL $ $ EMERALD $ $ CAPELLA $ BEDROOM TOWNHOUSES ROCKHAMPTON REGIONAL $ $ CENTRAL HIGHLANDS REGIONAL $ EMERALD $ $455 6

32 32 MACKAY HOUSE AND UNIT MARKET The strength of the resources sector partially underpinned the Mackay residential property market over the September quarter however it was affordable property that was the most popular. Over the quarter, the median house price in Mackay decreased 0.8 per cent to $410,000.Over the year, its median house price increased 2.5 per cent and was one of the few major regions across the state to record positive annual growth. The number of house sales over the quarter was up nine per cent compared to June, while sales over the year were only down three per cent compared to the previous 12 months. The majority of buyers were only interested in properties at the bottom end of the market, especially in the sub $400,000 price range over the September quarter. This demand is evidenced in the quarterly data price points which showed sales under $350,000 growing by 15 per cent over the period. Local agents report an increase in activity from investors with many from southern states starting to pick up property in the region given its proximity to mining areas. Over November, local agents say activity had increased following more announcements on future mine projects. Activity from first home buyer continues to be subdued with those not working in the resources sector finding it increasingly difficult to purchase their first property. Strong performers over the September quarter included Ooralea, which recorded 11.7 per cent growth to $535,000; and Rural View, up 7 per cent to $511,000. The most popular suburb for sales was West Mackay, which has a median house price of $340,000. For the surrounding Whitsunday and Isaac Regional areas, house sales activity was also up, with higher end sales contributing to the increase in median price for each area. The Mackay median unit and townhouse price decreased 2.1 per cent to $302,500 over the quarter, following a shift in the quality of units sold in the city s centre. Sales activity was up however at the affordable end, likely targeted by investors. This shift in activity contributed to the median easing 2.2 per cent over the year also. VACANT LAND MARKET Similar to other regions impacted by the resources sector demand for vacant land in Mackay was up substantially over the September quarter and up compared to the same time last year. The number of sales of vacant land jumped more than 70 per cent to register nearly half as many sales as houses over the period. Most of the activity was in the outer-lying areas of Mackay at Bucasia and Rural View to the north and inland at Marian, about 30 minutes drive from the city centre. The median price of vacant land was steady at $175,000 over the period. Over the year ending September its median price dropped 2.7 per cent. This was due in part to a slow down in new land sales at Ooralea, in Mackay s inner southwest, which recorded 50 less sales than the previous year and also recorded more affordably-priced lots over the year ending September RENTAL MARKET Demand for rental properties in Mackay is surpassing supply with an influx of residents into the city seeking work in the resources sector. Vacancy rate as at the end of September was 1 per cent, down from 1.6 per cent at the end of June. Local property managers say many families are arriving in the city for mining employment opportunities without securing rental property beforehand and are finding there are very few available. One agent reported that some tenants are choosing not to renew their leases as they are relocating to regions with more affordable rental property. Compared to September last year, median weekly rents are up $40 and $30 for three bedroom houses and two bedroom flats respectively. Isaac Regional is experiencing extreme rental conditions with the median weekly rent for a three bedroom house now at $1,200. The Queensland Government has begun to implement a number of housing affordablity strategies, such as changes to social housing eligibility and approval of 53 NRAS incentives in a bid to provide more affordable housing for local residents. MACKAY HOUSE SALES <$350,000 $350,000+ $500,000+ MACKAY UNIT SALES <$250,000 $250,000+ $350,000+ $500, TOWNSVILLE HOUSE SALES TOWNSVILLE UNIT SALES

33 33 ROCKHAMPTON MACKAY HOUSES MACKAY (LGA) 265 $410, % $410, % 17.1% MACKAY (LGA) ^ 48 $491, % $490, % 26.9% ANDERGROVE 19 $390, % $393, % 10.7% BEACONSFIELD 15 $408, % $408, % 21.8% BLACKS BEACH 2 N/A N/A $480, % 9.1% BUCASIA 8 $448, % $431, % 13.9% EAST MACKAY ~ * 10 $446, % $437, % 15.0% EIMEO 15 $449, % $449, % 16.4% GLENELLA ~ 19 $478, % $496, % 9.9% MACKAY 8 $458,000 N/A N/A N/A N/A MARIAN 10 $457,500 N/A $425, % 59.5% MOUNT PLEASANT ~ 19 $430, % $430, % 5.8% NORTH MACKAY 16 $344, % $350, % 20.4% OORALEA ~ 8 $535, % $505, % 32.0% RURAL VIEW 12 $511, % $460, % 10.8% SARINA 5 N/A N/A $308, % 18.7% SLADE POINT 12 $405, % $380, % 19.1% SOUTH MACKAY 20 $362, % $370, % 15.6% VACANT LAND MACKAY (LGA) + * 126 $175, % $178, % 6.1% MACKAY (LGA) ^ 14 $251,250 N/A $290, % 23.4% ARMSTRONG BEACH * 6 $150,000 N/A $150,000 N/A N/A BEACONSFIELD * 10 $211, % $210,900 N/A N/A BLACKS BEACH * f 9 $188, % $185, % -29.5% BUCASIA 13 $175, % $175, % 15.6% EIMEO * 6 $177,000 N/A $181,500 N/A -8.1% MARIAN ~ * 15 $156, % $163, % 37.2% MIRANI 8 $126, % $125, % 20.8% NORTH MACKAY 9 $175,000 N/A $170, % N/A OORALEA * 1 N/A N/A $178, % -2.2% RURAL VIEW * 12 $201,500 N/A $210, % 33.3% SARINA 5 $182,000 N/A N/A N/A N/A SHOAL POINT * 8 $168,400 N/A $174,700 N/A N/A SURROUNDS ISAAC (LGA) ~ * 10 $106,300 N/A $148, % 104.5% MORANBAH ~ * 3 N/A N/A $168, % 131.4% WALKERSTON 11 $376, % $435, % 13.0% WEST MACKAY ~ 25 $340, % $365, % 12.0% SURROUNDS ISAAC (LGA) 86 $520, % $460, % 48.4% WHITSUNDAY (LGA) ~ * 20 $134, % $143, % -4.2% BOWEN * 9 $140, % $148, % 18.4% CANNONVALE * 5 $123, % $125, % -39.5% CLERMONT ~ M 16 $235, % $240, % 33.3% DYSART 22 $488, % $465, % 63.2% MORANBAH * 45 $615, % $500, % 49.0% MACKAY LAND SALES <$250,000 $250,000+ $350,000+ WHITSUNDAY (LGA) ~ 64 $330, % $350, % 26.1% WHITSUNDAY (LGA) ^ ~ 17 $438,000 N/A $450, % 12.5% BOWEN ~ 14 $333, % $350, % 32.1% CANNONVALE ~ 14 $442, % $436, % 3.8% COLLINSVILLE * 16 $182,500 N/A $171, % 39.8% JUBILEE POCKET 3 N/A N/A $390,000 N/A -0.6% PROSERPINE ~ * 5 N/A N/A $305, % 18.9% UNITS & TOWNHOUSES MACKAY (LGA) 50 $302, % $308, % 22.7% MACKAY ~ f 16 $282, % $287, % 25.0% SOUTH MACKAY 9 $320,000 N/A $291, % 13.0% SURROUNDS WHITSUNDAY (LGA) - * f 16 $414,500 N/A $331, % 4.5% AIRLIE BEACH - * f 5 N/A N/A $422, % 0.0% CANNONVALE * t 6 N/A N/A $275, % -7.1% TOWNSVILLE LAND SALES 3 BEDROOM HOUSES MACKAY REGIONAL $ $ ARMSTRONG BEACH $ $ ALEXANDRA $ $ BALL BAY $ $ BUCASIA $ $ GREENMOUNT $ $ BENHOLME $420 5 $350 8

34 34 MACKAY mackay 3 BEDROOM HOUSES continued 2 BEDROOM UNITS continued ISAAC REGIONAL $1, $ ISAAC REGIONAL $ $ CLERMONT $400 9 $ MORANBAH $1, $ DYSART $1, $ WHITSUNDEY REGIONAL $ $ ANDROMACHE $ $ AIRLIE BEACH $ $ COLLINSVILLE $ $ BINBEE $ $ MORANBAH $ GERMAN CREEK $ WHITSUNDEY REGIONAL $ $ ANDROMACHE $ $ AIRLIE BEACH $ $ HAMILTON ISLAND $ COLLINSVILLE $ BINBEE $ $ BEDROOM UNITS MACKAY REGIONAL $ $ ARMSTRONG BEACH $260 9 $ ALEXANDRA $ $ BUCASIA $ $ BEDROOM TOWNHOUSES MACKAY REGIONAL $ $ ALEXANDRA $ $ MORANBAH $1, WHITSUNDEY REGIONAL $ $ AIRLIE BEACH $ $ TOWNSVILLE HOUSE AND UNIT MARKETS The Townsville property market is beginning to see an increase in activity however agents report only vendors that have made price adjustments in order to meet the market are selling. Confidence amongst home buyers and tenants remains subdued, as many are reportedly taking the wait-and-see approach. With developments in the local port and mining industries still in the planning stages, the flow onto property prices is some time off yet. However these projects are providing some confidence for investors in the future growth of the Townsville economy along with the current healthy state of the rental market. For homebuyers, family friendly suburbs such as Deeragun are attracting increased sales activity. Local residents are benefiting from the opening of a new aquatic centre as well as a shopping complex and new bypass making the area more accessible to the city. TOWNSVILLE HOUSE SALES <$350,000 $350,000+ $500,000+ Well-established inner suburbs are also performing well, such as Railway Estate where affordably priced homes on larger blocks are selling well. Aitkenvale was also a strong performer, with its median up 3.8 per cent over the quarter. The unit and townhouse market was the star performer over the quarter with sales activity up over 40 per cent. Local agents report realistic pricing amongst vendors which is encouraging interstate investors back into the market. stock coming onto the market in suburbs such as South Townsville and Townsville City contributed to the 4.4 per cent increase in the overall unit median for the region. In the surrounding local government areas of Charters Towers, Hinchinbrook and Burdekin, sales activity likewise remained steady over the September quarter. Over the year to September, the towns of Lissner and Ingham however experienced an increase in house sales activity. TOWNSVILLE UNIT SALES <$250,000 $250,000+ $350,000+ $500,

35 35 ROCKHAMPTON TOWNSVILLE VACANT LAND MARKET With subdued buyer activity in the established market, residential land developers are reportedly having to revisit their pricing structures. The new building boost however is said to be a welcome kick to the new house and land market and has converted into some increased sales activity across the region. An increase in development has been occurring on the western outskirts of Townsville at Mount Louisa and out to Burdell and Mount Low. residential subdivisions are offering family-friendly features such as parks, as well as affordably-priced house and land packages. Close proximity to shopping complexes and northern beaches as well as an easy commute to the Townsville city centre are an added attraction. RENTAL MARKET The Townsville rental market continues to experience healthy vacancy rates with many tenants choosing to stay put. With investor activity only beginning to show some signs of recovery it is anticipated there may be a shortfall in supply in the new year when tenant activity typically picks up. Median rents from the RTA have remained relatively steady across the board with three bedroom houses and townhouses recording an increase of just $10 compared to the September quarter last year. This increase however coupled with steady house prices has seen gross yields improve over the quarter, while gross yields for units and townhouses dropped by 0.1 percentage points due to the shift in high end sales over the quarter. HOUSES TOWNSVILLE CITY (LGA) * 401 $358, % $372, % 34.3% TOWNSVILLE CITY (LGA) ^ ~ 44 $432, % $441, % 31.9% AITKENVALE 13 $328, % $335, % 26.4% ALICE RIVER ^ ~ 8 $449, % $472, % 24.2% ANNANDALE 34 $442, % $458, % 25.8% BOHLE PLAINS * 13 $420, % $438, % N/A BURDELL * 16 $400, % $413, % 49.9% BUSHLAND BEACH ~ * 22 $388, % $412, % 14.8% CONDON ~ 8 $278, % $327, % 21.3% CRANBROOK 11 $300, % $322, % 33.0% CURRAJONG ~ 7 $280, % $280, % 14.3% DEERAGUN 13 $350,000 N/A $345, % 52.1% HOUSES continued HERMIT PARK ~ 9 $335, % $380, % 26.7% IDALIA ~ f 13 $417, % $490, % 25.1% KELSO ^ 6 $408,750 N/A $442, % 30.0% KELSO ~ * 20 $346, % $346, % 48.2% KIRWAN * 50 $348, % $359, % 20.4% MOUNT LOUISA ~ * 24 $438, % $415, % 27.5% MUNDINGBURRA 8 $392, % $373, % 22.7% NORTH WARD ~ 5 N/A N/A $555, % -4.3% RAILWAY ESTATE ~ 13 $326,500 N/A $330, % 20.0% THURINGOWA CENTRAL ~ 3 N/A N/A $302, % 31.5% VINCENT 7 $273, % $280, % 22.8% WEST END ~ 9 $270, % $347, % 26.6% WULGURU 14 $313, % $312, % 23.5% SURROUNDS BURDEKIN (LGA) 22 $208, % $230, % 53.3% AYR 12 $217, % $257, % 56.1% CHARTERS TOWERS (LGA) 22 $247,500 N/A $217, % 81.3% LISSNER 6 N/A N/A $205, % 70.8% HINCHINBROOK (LGA) 12 N/A N/A $250, % 59.2% INGHAM 5 N/A N/A $232, % 60.3% UNITS & TOWNHOUSES TOWNSVILLE CITY (LGA) - * 97 $320, % $316, % 23.9% HERMIT PARK 8 $225,750 N/A $225, % 32.4% KIRWAN * t 3 N/A N/A $274, % 29.2% NORTH WARD ~ f 21 $295, % $360, % 29.0% ROSSLEA ~ 7 $320,000 N/A $285, % 25.6% SOUTH TOWNSVILLE * f 18 $345, % $380, % 12.8% TOWNSVILLE CITY * f 12 $392,500 N/A $397, % -5.4% WEST END 3 N/A N/A $276, % 43.8% VACANT LAND TOWNSVILLE CITY (LGA) * 81 $160, % $160, % 36.4% TOWNSVILLE CITY (LGA) ^ 7 N/A N/A $222, % 70.8% BOHLE PLAINS * 5 $165, % $157, % 40.1% BURDELL * 2 N/A N/A $168, % 89.1% BUSHLAND BEACH 13 $155, % $154, % 42.6% DEERAGUN * 7 $145, % $160,900 N/A 96.8% IDALIA * 4 N/A N/A $257, % 53.6% KELSO ~ * 5 $159,000 N/A $124, % 15.1% MOUNT LOUISA * 14 $172, % $172, % 23.5% MOUNT LOW * 12 $157, % $150, % 14.0% DOUGLAS 20 $374, % $401, % 26.6% GARBUTT 5 N/A N/A $273,000 N/A 13.8% GULLIVER 8 $293,750 N/A $306, % 30.1% HEATLEY 7 $285,000 N/A $289, % 26.0%

36 36 TOWNSVILLE 3 BEDROOM HOUSES 2 BEDROOM UNITS TOWNSVILLE CITY $ $ TOWNSVILLE CITY $ $ BELGIAN GARDENS $ $ CLUDEN $ $ CURRAJONG $ $ AITKENVALE $ $ CONDON $ $ ALLIGATOR CREEK $350 9 $ ALICE RIVER $ $ BEACH HOLM $ $ ARCADIA $ $ BURDEKIN SHIRE $ $ ARKENDEITH $ $ AIRVILLE $ $ CHARTERS TOWERS REGIONAL $ $ ALABAMA HILL $ $ HINCHINBROOK SHIRE $ $ ABERGOWRIE $ $ BELGIAN GARDENS $ $ CLUDEN $ $ CURRAJONG $ $ AITKENVALE $ $ CONDON $ $ ALICE RIVER $ $ ARCADIA $ $ BURDEKIN SHIRE $ $ ARKENDEITH $ $ AIRVILLE $ $ CHARTERS TOWERS REGIONAL $ $ ALABAMA HILL $ $ HINCHINBROOK SHIRE $ $ ABERGOWRIE $ $ BEDROOM TOWNHOUSES TOWNSVILLE CITY BELGIAN GARDENS CURRAJONG AITKENVALE MACKAY CAIRNS HOUSE AND UNIT MARKETS The Cairns Regional Council area and nearby Cassowary Coast experienced an increase in sales activity over the September quarter, with sales back to levels seen prior to the cyclones at the start of the year. The general mood in Cairns does however remain cautious, with first buyer enquiry levels continuing to remain subdued. Investors also remain quiet, although local agents report a slight increase in online enquiries from interstate buyers. While local agents report low confidence amongst buyers and sellers, the market did experience its usual spike in activity over the September quarter, with buyers typically active following the end of the financial year. Numbers are up across all price points, with the sub- $500,000 price range up on the previous quarter. Mount Sheridan was the most popular suburb with buyers, with REIQ s preliminary reports showing 38 sales over the quarter. Some of Cairns more sought after-suburbs, such as Bayview Heights and Trinity Beach, recorded a pick up in activity as vendors reportedly have begun to be more realistic in their asking prices. Agents report that wellpriced properties that offer buyers good value for money are selling well CAIRNS HOUSE SALES <$350,000 $350,000+ $500, Edmonton was another suburb to do well, recording an increase in sales activity over the quarter as well as compared to the September quarter last year. The suburb is said to represent fantastic value for a high growth suburb, where buyers can buy new homes at affordable prices. The suburb is well serviced with shops, schools and parks, and is just 20 minutes drive south of the Cairns CBD. The Cairns unit and townhouse market, also recorded an increase in sales activity over the quarter, however numbers still lag substantially compared to that seen a year ago

37 37 CAIRNS Despite the tourism market reportedly holding its own, investor confidence in the unit market remains low. According to local real estate agents, investors have been kept at bay due to increased insurance premiums and body corporate fees along with asking rents not being able to keep in line with costs. Suburbs to perform well are those priced at the affordable end, such as Bungalow, Manoora and Mooroobool, which all recorded a median under $200,000 for the year ending September. However mid-range units in the suburb of Cairns North also proved popular over the quarter. VACANT LAND MARKET Land sales activity over the quarter remained steady for the Cairns region as it did for neighbouring Cassowary Coast and Tablelands Regional council areas. The median land price for Cairns remained steady, up just 0.9 per cent to $170,000. Local agents report limited activity with a number of development stock being put on hold. Vacant land sales predominantly occurred in the sub- $250,000 bracket with suburbs such as Mooroobool, Mossman and Trinity Beach recording an increase in sales activity over the quarter. RENTAL MARKET The Cairns vacancy rate has gradually been coming down from a high of 5.2 per cent seen in March 2010, despite a still waning tourism industry and employment opportunities. Investor activity is still subdued although there is some activity being reported by local agents. Median rents have seen minimal change with two bedroom flats remaining steady at $250 per week, while three bedroom houses have remained steady at around $300 per week since the start of With stalling rents, gross yields for houses have eased to 4.5 per cent over the September quarter. However units continue to record strong gross yields, largely due to the relative affordability of unit sale prices. HOUSES CAIRNS (LGA) 338 $350, % $360, % 18.0% CAIRNS (LGA) ^ 20 $615,000 N/A $592, % 18.5% BAYVIEW HEIGHTS 14 $368,000 N/A $360, % 14.8% BENTLEY PARK ~ 11 $279, % $315, % 12.5% BRINSMEAD 24 $392, % $395, % 14.8% BUNGALOW 7 $285,000 N/A N/A N/A N/A CLIFTON BEACH 5 N/A N/A $470, % 22.1% EARLVILLE 3 N/A N/A $307, % 9.6% EDGE HILL ~ 14 $404, % $439, % 19.5% EDMONTON ~ 21 $305, % $311, % 19.4% GORDONVALE ~ 12 $254, % $280, % 17.9% HOLLOWAYS BEACH ~ f 8 $402,500 N/A $448, % 19.5% KEWARRA BEACH ~ f 16 $417, % $381, % 16.3% MANOORA ~ 4 N/A N/A $255, % 4.1% MANUNDA ~ 5 N/A N/A $278, % 5.1% MOOROOBOOL ~ 18 $320, % $328, % 23.8% MOUNT SHERIDAN 28 $330, % $331, % 12.4% REDLYNCH ~ 16 $380, % $390, % 8.3% SMITHFIELD 12 $336,250 N/A $357, % 23.5% TRINITY BEACH 24 $372, % $373, % 15.8% TRINITY PARK + ~ 13 $450, % $390, % 38.1% WHITE ROCK 10 $277,500 N/A $278, % 15.8% WHITFIELD ~ 11 $450, % $453, % 24.1% SURROUNDS CASSOWARY COAST (LGA) ~ f 37 $207, % $230, % 15.0% TABLELANDS (LGA) 27 $281, % $285, % 31.3% TABLELANDS (LGA) ^ ~ 32 $365, % $370, % 13.5% ATHERTON 5 N/A N/A $305, % 22.0% KURANDA ^ ~ 6 $422,500 N/A $420, % 11.3% MAREEBA 12 $286, % $285, % 49.2% CAIRNS UNIT SALES <$250,000 $250,000+ $350,000+ $500,000+ CAIRNS LAND SALES <$250,000 $250,000+ $350,

38 38 MACKAY CAIRNS UNITS & TOWNHOUSES CAIRNS (LGA) - * f 141 $219, % $238, % 5.8% BUNGALOW 6 N/A N/A $199,698 N/A 24.8% CAIRNS CITY * f 8 $380, % $409, % 20.5% CAIRNS NORTH * f 16 $231, % $256, % -1.4% EARLVILLE 3 N/A N/A $255, % 75.9% MANOORA ~ t 16 $169, % $162, % -4.4% MANUNDA * 8 $155,000 N/A $165, % 10.7% MOOROOBOOL 4 N/A N/A $190, % 21.0% PALM COVE - * 9 $260, % $325, % -29.7% PARRAMATTA PARK 3 N/A N/A $245, % 6.5% PORT DOUGLAS - * f t 8 $290,000 N/A $285, % -15.6% TRINITY BEACH - * f 12 $260, % $270, % 16.1% YORKEYS KNOB 6 N/A N/A $210, % 14.8% VACANT LAND CAIRNS (LGA) 57 $170, % $172, % 50.0% CAIRNS (LGA) ^ ~ 10 $162,500 N/A $240, % 77.8% EDMONTON * 5 $135,000 N/A N/A N/A N/A MOOROOBOOL * g 7 $178,000 N/A $176,500 N/A N/A MOSSMAN 6 $125,000 N/A N/A N/A N/A MOUNT SHERIDAN 1 N/A N/A $165, % 50.0% REDLYNCH * 6 $172, % $175, % 28.7% SMITHFIELD ~ * 3 N/A N/A $175, % -1.1% TRINITY BEACH * 9 $170, % $170, % -10.5% TRINITY PARK + * 4 N/A N/A $186, % -7.4% SURROUNDS CASSOWARY COAST (LGA) 16 $120,500 N/A $145, % 45.0% 3 BEDROOM HOUSES 2 BEDROOM UNITS 4852 BINGIL BAY $ $ BILYANA $ $ COMOON LOOP $ BAMBOO CREEK $ $ TABLELANDS REGIONAL $ $ BARRINE $275 7 $ ARRIGA $ $ KOAH $ $ TOLGA $ ATHERTON $ $ LAKE BARRINE $ $ BUTCHERS CREEK $ $ HERBERTON $250 8 $ EVELYN $ $ CAIRNS REGIONAL $250 1,042 $250 1, GOLDSBOROUGH $200 5 $ BAYVIEW HEIGHTS $ $ BENTLEY PARK $ $ AEROGLEN $ $ BAILEY CREEK $180 8 $ CRAIGLIE $ $ BARRON $ $ BUCHAN POINT $ $ CASSOWARY COAST REGIONAL $ $ CARDWELL $ $ BINGIL BAY $ $ BILYANA $225 5 $ TABLELANDS (LGA) ~ * 12 $90,000 N/A $101, % 37.4% TABLELANDS (LGA) ^ ~ 12 $175, % $170, % 36.0% MAREEBA ~ * 5 $95,000 N/A $95, % 37.7% 3 BEDROOM HOUSES CAIRNS REGIONAL $ $ BABINDA $ GOLDSBOROUGH $ $ BAYVIEW HEIGHTS $ $ BENTLEY PARK $ $ AEROGLEN $ $ BAMBOO CREEK $ $ TABLELANDS REGIONAL $ $ ARRIGA $ $ ATHERTON $ $ ST GEORGE $150 5 $ BEDROOM TOWNHOUSES CAIRNS REGIONAL BAYVIEW HEIGHTS BENTLEY PARK AEROGLEN CRAIGLIE BARRON BUCHAN POINT BAILEY CREEK $ $ CRAIGLIE $ $ BARRON $ $ BUCHAN POINT $ $ CASSOWARY COAST REGIONAL $ $ CARDWELL $355 8 $270 13

39 39 OTHER REGIONAL Sales Market In the state s south west, sales activity was up over the quarter for the Maranoa region, while sales in Murweh remained steady. An increase in affordable stock selling in Charleville contributed to the easing in Murweh s median house price over the year ending September. Vacant land sales in Maranoa were up with sales within new subdivision located at Roma. Up at Mount Isa, the resources sector continues to support the property market, with sales activity up over the quarter and over the year to September. The suburbs of Pioneer and Soldiers Hill have attracted the most attention from buyers, being amongst the most affordable for Mount Isa. HOUSES SOUTH WEST MARANOA (LGA) ~ 51 $240, % $270, % 61.0% ROMA 38 $266, % $285, % 58.3% al Market Investors in property in the Maranoa region are happily achieving gross yields of 7.6 per cent on house rentals, as are investors in Mount Isa. Median rents according to the RTA, have increased more than $30 for both regions for two bedroom flats, while three bedroom houses are up $30 and $45 in Maranoa and Mount Isa respectively compared to the September quarter last year. At $495 per week, three bedroom houses in Mount Isa are amongst the most expensive across the state. 3 BEDROOM HOUSES continued CENTRAL WEST LONGREACH REGIONAL $ $ BRIXTON $ $ CLONCURRY SHIRE $ $ MURWEH (LGA) 6 N/A N/A $138, % 73.1% CHARLEVILLE ~ 6 N/A N/A $140, % 53.0% NORTH WEST MOUNT ISA (LGA) 52 $340, % $350, % 72.6% HEALY 5 N/A N/A $412, % 71.7% MORNINGTON 1 N/A N/A $352, % 78.5% PIONEER 8 $320,000 N/A $317,500 N/A 81.4% SOLDIERS HILL 10 $352,500 N/A $340, % 75.5% SUNSET 4 N/A N/A $331, % 54.0% TOWNVIEW 4 N/A N/A $362, % 83.1% VACANT LAND SOUTH WEST MARANOA (LGA) ~ * 11 $149,000 N/A $130, % 165.3% ROMA ~ * 8 $162,500 N/A $137, % 129.2% 3 BEDROOM HOUSES SOUTH WEST BALONNE SHIRE $ $ ST GEORGE $ $ CLONCURRY $ $ FLINDERS SHIRE $ $ HUGHENDEN $ $150 5 NORTH WEST MOUNT ISA CITY $ $ ALEXANDRIA $ $ FAR NORTH COOK SHIRE $ $ ALMADEN $ $ EVANS LANDING $ BLOOMFIELD $250 8 $ BEDROOM UNITS SOUTH WEST MARANOA REGIONAL $ $ ANGELLALA $ $ MURWEH $ CHARLEVILLE $ $ BRIXTON $190 9 $ NORTH WEST MOUNT ISA CITY $ $ ALEXANDRIA $ $ MARANOA REGIONAL $ $ ANGELLALA $ $ MURWEH $ $ CHARLEVILLE $ $210 13

40 40 rental market indicators GROSS RENTAL YIELDS HOUSES¹ UNITS² QUARTER Sep-11 Jun-11 Sep-11 Jun-11 SOUTH EAST QUEENSLAND BRISBANE CITY 4.1% 4.0% 5.0% 5.0% IPSWICH CITY 5.0% 4.8% 6.3% 5.1% LOGAN CITY 5.0% 4.8% 4.9% 4.7% MORETON BAY REGIONAL 4.5% 4.3% 4.8% 4.4% REDLAND CITY 4.4% 4.4% 5.0% 5.1% GOLD COAST CITY 4.5% 4.5% 5.3% 5.1% SUNSHINE COAST REGIONAL 4.4% 4.2% 4.5% 4.3% MAJOR REGIONAL CENTRES TOOWOOMBA REGIONAL 5.1% 4.6% 4.6% 4.6% FRASER COAST REGIONAL 4.9% 4.8% 3.4% 4.1% BUNDABERG REGIONAL 5.1% 4.8% 3.9% 3.8% GLADSTONE REGIONAL 5.1% 4.5% 4.9% 3.5% ROCKHAMPTON REGIONAL 5.2% 5.2% 4.3% 4.8% MACKAY REGIONAL 5.3% 4.9% 5.4% 5.0% TOWNSVILLE CITY 4.9% 4.6% 4.5% 4.6% CAIRNS REGIONAL 4.5% 4.7% 5.9% 5.8% OTHER REGIONAL AREAS BANANA SHIRE 5.4% 6.6% N/A N/A BURDEKIN SHIRE 6.2% 5.9% N/A N/A CASSOWARY COAST 7.3% 7.8% N/A N/A CENTRAL HIGHLANDS REGIONAL 6.9% 7.1% 6.9% N/A CHARTERS TOWERS 5.3% N/A N/A N/A GYMPIE REGIONAL 5.3% 4.9% N/A N/A ISAAC REGIONAL 12.0% 10.2% N/A N/A LOCKYER VALLEY 6.0% N/A N/A N/A MARANOA REGIONAL 7.6% 6.6% N/A N/A MOUNT ISA CITY 7.6% 7.4% N/A N/A SCENIC RIM REGIONAL 4.8% 4.2% N/A N/A SOMERSET 6.8% N/A N/A N/A SOUTH BURNETT REGIONAL 6.2% 5.7% N/A N/A SOUTHERN DOWNS REGIONAL 5.7% 4.8% N/A N/A TABLELANDS REGIONAL 5.2% 5.2% N/A N/A WESTERN DOWNS REGIONAL 5.2% 6.0% N/A N/A WHITSUNDAY REGIONAL 5.2% 5.6% 3.3% N/A VACANCY RATES ALL RENTALS END OF MONTH Sep-10 Jun-11 Sep-11 SOUTHEAST QUEENSLAND Brisbane SD 2.8% 2.7% 2.4% Brisbane City 2.6% 2.1% 2.3% Brisbane Inner (0-5km) 2.5% 1.6% 1.4% Brisbane Remainder 2.6% 2.4% 2.8% Brisbane Surrounds² 3.0% 3.1% 2.5% Ipswich City 2.3% 2.8% 2.8% Logan City 2.3% 2.7% 1.8% Moreton Bay Regional 3.8% 3.2% 3.1% Caboolture * 4.9% 4.5% 5.1% Pine Rivers 2.5% 2.5% 1.2% Redcliffe 2.8% 2.8% 3.9% Redland City 3.5% 3.9% 2.3% Mainland n/a 3.5% 1.7% Bay Islands n/a 9.1% 6.3% Gold Coast City 4.3% 5.2% 4.5% Sunshine Coast Regional 3.4% 4.9% 4.6% Caloundra Coast 2.5% 5.3% 3.5% Maroochy Coast 2.6% 4.2% 3.2% Noosa Coast 5.1% 4.1% 5.2% Hinterland 4.2% 6.0% 9.4% MAJOR REGIONAL CENTRES Bundaberg Regional 2.1% 4.3% 3.0% Cairns Regional 4.4% 3.7% 3.1% Cairns City n/a 3.9% 3.0% Fraser Coast Regional 5.4% 4.9% 5.8% Hervey Bay 5.5% 2.3% 3.6% Maryborough 5.2% 5.7% 6.3% Gladstone Regional 1.4% 0.6% 0.7% Gladstone City n/a 0.7% 0.7% Mackay Regional 1.3% 1.6% 1.0% Rockhampton Regional 2.3% 2.0% 1.2% Toowoomba Regional 0.9% 1.6% 1.7% Townsville/Thuringowa 3.4% 3.7% 2.5% OTHER REGIONAL AREAS Gympie Regional 4.4% 5.9% 3.9% South Burnett Regional 5.4% 5.8% 5.4% Tablelands Regional 4.9% 4.5% 4.7%

41 REIQ research explanatory notes 41 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 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. For further information on REIQ s research methodology go to 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, al Bond lodgements (RTA) GROSS RENTAL YIELDS House yields based upon REIQ median house prices and RTA weighted median weekly rent for houses. Unit yields based upon REIQ median unit & townhouse prices and RTA weighted median weekly rent for units and townhouses. 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 al 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 November 2011 PUBLISHED: 9 December 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

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; al 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? Thinking of buying property? Find out all you need to know at the FREE Experts Guide to Buying Queensland Property Fax: Phone: research@reiq.com.au Postal Address: PO Box 1555, Coorparoo DC QLD 4151 For more information and to book: reiq.com profdev@reiq.com.au Bookings essential as places are strictly limited OFFICE USE ONLY. ID INV AUTH DATE SENT