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 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+ 3093 3453 2042 2435 3047 1828 187 188 Brisbane City 5 2153 3047 1923 146 Greater Brisbane 10 2524 3491 2143 229 Gold Coast 16 Toowoomba 19 2815 Source: REIQ, data provided by PriceFinder 3597 2309 224 Sunshine Coast 21 Fraser Coast 24 Bundaberg 26 Gladstone 28 Rockhampton 30 QUEENSLAND UNIT SALES <$250,000 $250,000+ $350,000+ $500,000+ $1m+ 579 1182 1118 474 76 553 999 1030 518 92 491 959 985 434 78 Mackay 32 606 1053 1072 598 128 Townsville 34 623 1228 1192 638 121 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+ 1173 237 30 61 11 977 26 142 62 4 32 663 14046 8 25 1029 13554 5 38 1277 216 82 6 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 1300 664 715 or visit agents.directconnect.com.au
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 2012. 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 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 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+ 196 165 118 121 137 738 697 799 780 882 910 949 1064 1177 1013 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. 83 91 147 96 124 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 07 3249 7347 adminps@reiq.com.au Please see page 41 for legend and further notes Bookings essential as places are strictly September limited. Quarter 2011
6 BRISBANE CITY HOUSES BRISBANE CITY (LGA) 2,187 $500,000-2.0% $520,000-3.7% 36.8% BRISBANE CITY (LGA) ^ ~ 44 $1,005,000 10.1% $955,000-12.8% 23.2% ACACIA RIDGE 8 N/A N/A $319,000-5.5% 29.0% ALDERLEY ~ 12 $610,000-14.7% $680,500 11.2% 60.1% ALGESTER 23 $390,500-1.6% $408,500-3.2% 29.7% ANNERLEY 14 $505,250-5.2% $570,500-4.5% 40.0% ASCOT ~ 14 $1,360,000 N/A $1,032,500-14.8% 16.8% ASHGROVE ~ 31 $725,000 13.3% $685,000 1.1% 43.3% ASPLEY 31 $475,000 8.0% $460,000-1.7% 33.3% AUCHENFLOWER 9 N/A N/A $820,000 2.5% 56.3% BALD HILLS 16 $325,000-4.4% $369,000-5.6% 34.2% BALMORAL 10 $672,500 N/A $727,500-8.9% 30.8% BANYO ~ 12 $445,000 11.3% $415,000-3.5% 38.3% BARDON 26 $745,400 5.0% $725,500-7.6% 41.2% BELLBOWRIE 8 N/A N/A $472,500-3.6% 33.1% BELMONT 7 N/A N/A $565,000-4.1% 44.9% BOONDALL 23 $396,000-3.4% $403,000-4.7% 30.0% BRACKEN RIDGE 40 $400,000 3.9% $399,588-4.7% 29.8% BRIDGEMAN DOWNS ~ 23 $668,000-12.1% $687,000-2.8% 29.4% BRIGHTON 20 $390,000-3.7% $396,750-5.5% 32.3% BULIMBA ~ 14 $737,500-11.9% $910,000 1.1% 23.8% CALAMVALE ~ 38 $456,500-12.2% $480,000-8.6% 28.3% CAMP HILL 27 $587,000-6.8% $610,000-7.2% 40.6% CANNON HILL 11 $620,000 N/A $565,000-0.9% 48.7% CARINA 23 $492,000 7.0% $490,000-6.4% 38.8% CARINA HEIGHTS 9 N/A N/A $485,000-8.5% 26.0% CARINDALE 27 $650,000-6.5% $692,500-1.1% 33.2% CARSELDINE ~ 13 $485,000-7.6% $500,000-6.6% 33.0% CHAPEL HILL ~ 23 $535,000-21.7% $634,000-2.5% 31.9% CHELMER ~ 5 N/A N/A $780,000-12.4% 20.0% CHERMSIDE 10 $533,850 N/A $456,000-1.9% 32.2% CHERMSIDE WEST 18 $450,000 5.0% $454,000-2.6% 34.6% CLAYFIELD ~ 9 N/A N/A $875,000-6.4% 30.9% COOPERS PLAINS ~ 10 $400,000-10.3% $442,000 1.0% 43.7% COORPAROO ~ 35 $580,000-9.4% $662,500-1.1% 46.1% CORINDA ~ 9 N/A N/A $595,000-12.8% 46.9% DARRA 6 N/A N/A $368,000-1.6% 53.3% DEAGON 16 $360,000 5.5% $373,500-8.9% 39.4% DOOLANDELLA * 10 $337,500-20.1% $412,500 1.9% 57.4% DREWVALE 10 $460,250 N/A $469,000-3.7% 32.5% DURACK 6 N/A N/A $376,500 1.8% 50.6% EAST BRISBANE ~ 11 $580,000 N/A $620,500-11.1% 34.9% EIGHT MILE PLAINS ~ 21 $525,000-12.7% $562,000-6.3% 32.2% ENOGGERA ~ 12 $575,750 12.0% $575,000 1.8% 41.8% EVERTON PARK 24 $479,500 7.8% $500,000 1.7% 51.1% FAIRFIELD 4 N/A N/A $580,000-0.9% 31.5% FERNY GROVE ~ 15 $482,500-8.6% $475,000-4.6% 32.7% FIG TREE POCKET ~ 11 $526,500 N/A $822,500 13.4% 58.2% FITZGIBBON 11 $405,000 N/A $409,500-2.0% 29.6% HOUSES continued FOREST LAKE 72 $384,000 3.8% $386,000-5.9% 28.7% GEEBUNG ~ 19 $395,000 N/A $399,500-12.2% 33.2% GORDON PARK 10 $611,000 N/A $613,000 4.8% 24.5% GRACEVILLE ~ 11 $637,500-17.2% $690,000-3.1% 55.9% GRANGE ~ 7 N/A N/A $670,000-1.3% 44.1% GREENSLOPES ~ 15 $558,000 8.0% $560,500-10.2% 32.3% HAMILTON 8 N/A N/A $1,050,000 5.0% 10.5% HAWTHORNE 8 N/A N/A $787,500-7.4% 22.7% HEMMANT 10 $394,575 N/A $407,500-5.2% 31.5% HENDRA 11 $700,000-6.7% $825,000 3.1% 60.8% HIGHGATE HILL 6 N/A N/A $783,750-2.6% 39.5% HOLLAND PARK 27 $509,990-3.4% $518,500-4.5% 34.7% HOLLAND PARK WEST 14 $486,500-5.1% $544,500-2.2% 49.2% INALA 22 $281,500-1.2% $290,000-7.9% 46.5% INDOOROOPILLY 19 $735,000 6.5% $725,000 9.0% 34.9% JAMBOREE HEIGHTS 8 N/A N/A $397,500-8.0% 25.8% JINDALEE 9 N/A N/A $485,750-1.9% 38.8% KARANA DOWNS ^ 2 N/A N/A $475,000-8.7% 29.4% KEDRON 23 $556,500 8.1% $553,000 2.4% 51.5% KELVIN GROVE 8 N/A N/A $647,000 2.4% 43.8% KENMORE ~ 28 $486,000-11.6% $520,000-8.0% 28.8% KEPERRA 27 $428,000-2.7% $435,000 0.0% 47.5% KURABY 17 $560,000 2.2% $543,000-1.1% 27.5% LOTA 8 N/A N/A $476,750 1.0% 29.0% MACGREGOR 10 $550,000 0.4% $540,000 0.9% 41.4% MANLY ~ 8 N/A N/A $563,000-19.6% 28.0% MANLY WEST 30 $460,000-2.3% $480,000-5.1% 29.7% MANSFIELD 19 $450,000-2.2% $499,000-2.2% 39.0% MCDOWALL ~ 14 $584,000 11.2% $565,000 2.7% 36.1% MIDDLE PARK 5 N/A N/A $532,500-1.8% 41.4% MITCHELTON 21 $490,000-3.4% $512,000-1.7% 47.6% MOGGILL 8 N/A N/A $465,000-4.1% 25.9% MOOROOKA 27 $455,000-6.2% $480,000-4.0% 38.5% MORNINGSIDE 26 $525,000-6.3% $560,000-7.7% 31.8% MOUNT GRAVATT 6 N/A N/A $463,000-5.5% 32.5% MOUNT GRAVATT EAST 22 $457,000 4.6% $466,000-2.7% 35.1% MURARRIE * ~ 7 N/A N/A $465,000-13.1% 27.4% NEW FARM ~ 6 N/A N/A $1,250,000 23.5% 59.2% NEWMARKET 6 N/A N/A $680,000-7.2% 54.5% NORMAN PARK 18 $624,000-6.2% $670,000 0.8% 40.9% NORTHGATE 12 $560,000 N/A $478,000 0.5% 47.3% NUDGEE 8 N/A N/A $483,500 1.8% 63.9% NUNDAH 11 $475,600 N/A $565,000-3.1% 41.0% OXLEY 14 $425,000-1.8% $436,500-3.9% 36.4% PADDINGTON ~ 18 $742,500-31.9% $780,000-5.2% 45.1% PARKINSON 33 $467,500-3.0% $499,500-4.9% 32.0% PULLENVALE ^ 4 N/A N/A $1,030,000-4.6% 27.2% RED HILL ~ 17 $615,000-10.5% $677,000-3.3% 40.1% RIVERHILLS 8 N/A N/A $416,250-5.0% 33.4%
7 BRISBANE CITY HOUSES continued ROBERTSON 10 $637,500 N/A $650,000-9.1% 16.3% ROCKLEA ~ 14 $236,000 N/A $280,000-23.9% 10.9% RUNCORN 31 $435,000 1.8% $430,000 0.0% 41.0% SALISBURY 19 $430,000 4.9% $431,250-4.2% 34.6% SANDGATE 10 $525,000-0.3% $530,000 1.0% 43.2% SEVEN HILLS 7 N/A N/A $627,500 7.3% 46.1% SEVENTEEN MILE ROCKS 7 N/A N/A $586,400 8.6% 20.3% SHERWOOD 9 N/A N/A $755,000 6.3% 42.5% SINNAMON PARK ~ 12 $650,500 28.8% $595,000-7.0% 41.7% ST LUCIA 6 N/A N/A $1,090,000 5.3% 66.7% STAFFORD 18 $432,500 2.6% $454,300-5.4% 39.8% STAFFORD HEIGHTS ~ 13 $490,000 11.4% $460,000-4.2% 35.3% STRETTON 9 N/A N/A $672,500 7.2% 43.1% SUNNYBANK ~ 11 $465,000-9.9% $522,560-4.1% 37.5% SUNNYBANK HILLS 36 $463,500-5.4% $480,000-5.9% 37.9% TAIGUM 8 N/A N/A $431,000-4.8% 28.7% TARINGA ~ 10 $595,000-10.3% $647,000-15.0% 5.4% TARRAGINDI ~ 34 $544,500-8.0% $558,750-5.3% 40.4% THE GAP ~ 52 $530,000-9.6% $537,000-5.5% 35.9% TINGALPA ~ 17 $405,000-12.9% $427,000-3.0% 37.7% TOOWONG 10 $645,500 N/A $665,000-6.3% 38.3% UPPER KEDRON 11 $595,000 N/A $545,000 0.9% 31.0% UPPER MOUNT GRAVATT ~ 18 $550,000 13.4% $485,000 2.4% 51.6% VIRGINIA 7 N/A N/A $465,000 7.6% 48.9% WAKERLEY 29 $630,000 0.0% $630,000-0.2% 41.9% WAVELL HEIGHTS 36 $537,000-2.6% $550,000 1.8% 52.8% WEST END ~ 12 $703,000 N/A $695,000-14.2% 33.7% WESTLAKE 10 $745,000 N/A $600,000-3.2% 34.8% WILSTON ~ 5 N/A N/A $735,000-14.8% 27.5% WINDSOR 9 N/A N/A $660,000-2.6% 43.5% WISHART ~ 11 $519,000-7.3% $525,000-7.9% 39.0% WOOLLOONGABBA 5 N/A N/A $650,000-4.1% 47.3% WOOLOOWIN ~ 12 $601,000-16.6% $722,500 6.3% 48.1% WYNNUM ~ 42 $462,500-12.1% $502,500-6.6% 32.2% WYNNUM WEST 32 $410,000 2.5% $417,500-7.2% 27.5% YERONGA 5 N/A N/A $667,500-0.7% 31.1% ZILLMERE 11 $355,000-4.8% $369,500-9.9% 32.2% UNITS & TOWNHOUSES BRISBANE CITY (LGA) 1,248 $392,250-0.7% $399,000-1.5% 26.7% ALDERLEY 13 $385,000 N/A $395,000 5.1% 31.7% ASHGROVE 14 $436,000 N/A $408,000 0.7% 13.3% ANNERLEY ~ * 14 $447,500 16.2% $398,000 8.9% 66.2% ASCOT 13 $398,000-2.1% $411,000 1.5% 43.6% ASPLEY 7 N/A N/A $358,750-5.3% 31.9% AUCHENFLOWER ~ f 11 $467,500 14.7% $419,500-2.4% 27.7% BOWEN HILLS 6 N/A N/A $417,500-2.1% 22.8% BRACKEN RIDGE 6 N/A N/A $355,500 0.1% N/A UNITS & TOWNHOUSES continued BULIMBA 14 $512,500 7.5% $526,500 5.7% 29.4% CALAMVALE 19 $374,000-0.3% $371,000 5.4% 54.6% CARINA * 21 $390,000-7.0% $424,000-1.4% 19.3% CARINA HEIGHTS * t 12 $425,000 14.1% $410,000-10.9% 20.6% CARINDALE * 5 N/A N/A $479,500-9.3% 60.9% CARSELDINE 9 N/A N/A $387,000 7.5% 51.8% CHERMSIDE * 38 $422,000-2.8% $435,000 5.2% 45.0% CLAYFIELD 25 $366,000 7.6% $345,000-6.0% 33.2% COORPAROO 33 $360,000 0.0% $360,700-5.1% 40.4% DOOLANDELLA * t 16 $346,000 1.0% $346,000 N/A N/A EAST BRISBANE * 11 $480,000 N/A $480,000 9.1% 67.1% EIGHT MILE PLAINS * 14 $370,000-9.5% $380,000 1.9% 49.0% ENOGGERA 5 N/A N/A $399,000 2.3% 42.5% EVERTON PARK ~ * 12 $304,250-27.1% $361,250-2.1% 44.5% FORTITUDE VALLEY 34 $395,250 8.3% $380,000-7.5% 15.2% GAYTHORNE 6 N/A N/A $370,000-7.5% 43.7% GORDON PARK 9 N/A N/A $387,500 8.4% 45.7% GREENSLOPES 20 $322,500-6.5% $352,500-6.5% 35.6% HAMILTON * f 19 $420,000-5.9% $443,750-15.9% 28.2% HAWTHORNE 4 N/A N/A $415,000-1.3% 20.3% HIGHGATE HILL 9 N/A N/A $434,000-3.6% 25.8% HOLLAND PARK WEST 6 N/A N/A $385,000 N/A 48.1% INDOOROOPILLY ~ * 15 $458,500 12.5% $429,000-7.7% 26.5% KANGAROO POINT ~ f 27 $399,000-10.3% $445,000-11.9% 14.1% KEDRON 7 N/A N/A $344,000 2.7% 33.7% KELVIN GROVE * 42 $450,000 N/A $447,500 7.8% 33.6% MOOROOKA * 15 $319,000-14.9% $368,500-12.3% 51.2% MORNINGSIDE 21 $420,000 3.1% $425,000-3.5% 23.2% MOUNT GRAVATT EAST 11 $355,000 N/A $390,500 3.9% 35.1% NEW FARM f 36 $540,000 6.3% $525,000-0.5% 34.6% NEWMARKET 11 $370,000 N/A $375,000 N/A 19.0% NEWSTEAD ~ * f 5 N/A N/A $752,500 50.7% 62.9% NORMAN PARK 6 N/A N/A $447,500-4.9% 33.6% NORTHGATE 6 N/A N/A $360,000-2.6% 35.8% NUNDAH ~ * 36 $333,000-8.0% $365,375-4.4% 37.6% PADDINGTON 12 $454,500 8.6% $427,000-4.2% 23.8% RED HILL 7 N/A N/A $425,000 N/A 39.3% RICHLANDS * 17 $337,000 N/A $350,000 4.5% 32.1% BRISBANE CITY UNIT SALES <$250,000 $250,000+ $350,000+ $500,000+ $1m+ 49 48 37 34 41 220 268 260 265 331 478 512 511 628 614 174 201 239 13 270 230 33 46 24 37 BRISBANE CITY * 80 $465,000 3.8% $455,000-4.2% 8.3%
8 BRISBANE CITY UNITS & TOWNHOUSES continued RUNCORN 17 $305,000-4.7% $325,000-4.1% 44.4% SHERWOOD * 5 N/A N/A $372,500-9.7% 24.6% SOUTH BRISBANE 19 $448,000 6.0% $446,250 3.2% 15.9% SPRING HILL 30 $403,000 4.7% $392,000-6.0% 35.2% ST LUCIA ~ * 21 $455,000-13.3% $455,000 3.4% 34.2% STAFFORD * 5 N/A N/A $356,500-14.1% 63.5% SUNNYBANK HILLS 8 N/A N/A $372,500 0.5% 60.2% TAIGUM 6 N/A N/A $340,000-5.6% 15.3% TARINGA ~ 22 $442,500 11.3% $395,000-7.3% 27.4% TENERIFFE ~ f 21 $515,000-6.4% $550,000 0.0% 36.5% THE GAP 3 N/A N/A $462,000 N/A 61.0% TOOWONG ~ f 32 $429,000 25.2% $400,000-9.1% 31.1% WAKERLEY 7 N/A N/A $423,000 7.8% N/A WEST END ~ * 23 $481,000 7.7% $470,000-11.3% 20.5% WINDSOR 11 $355,000 N/A $375,000 2.0% 42.9% WISHART 8 N/A N/A $350,500-4.0% 17.6% WOOLLOONGABBA 7 N/A N/A $415,000-1.2% 26.5% WYNNUM 8 N/A N/A $365,000-5.2% 27.8% WYNNUM WEST 7 N/A N/A $340,000 4.6% 41.7% YEERONGPILLY 12 $419,950 N/A $416,450 N/A 30.1% YERONGA 11 $399,000 N/A $409,000-1.4% 28.6% ZILLMERE 9 N/A N/A $364,500-0.1% 47.6% VACANT URBAN LAND BRISBANE CITY (LGA) * 137 $264,000-4.0% $285,000-6.6% 23.9% CALAMVALE * 5 $310,000 N/A $302,500-9.7% 40.7% DOOLANDELLA 8 $225,000 0.0% $240,000 4.3% 45.5% DREWVALE * 17 $252,000 N/A $262,000 N/A 27.8% DURACK * 5 $234,500 N/A $234,750 10.5% N/A FIG TREE POCKET * 1 N/A N/A $455,000 N/A 11.0% FITZGIBBON ~ * G 21 $168,000-9.2% $184,950-18.1% 9.4% HEATHWOOD * 2 N/A N/A $262,000 12.4% N/A MOGGILL * 8 $225,000 N/A $260,000 N/A 39.4% WAKERLEY 4 N/A N/A $339,000-0.3% 41.3% 3 BEDROOM HOUSES BRISBANE CITY $390 3,085 $380 3,117 BAYSIDE $390 147 $370 163 4178 WYNNUM $390 81 $370 97 4179 MANLY $390 66 $375 66 CITY INNER $495 224 $470 292 4000 BRISBANE CITY $560 15 $520 29 4005 NEW FARM $550 18 $525 19 4006 BOWEN HILLS $430 13 $530 12 4064 PADDINGTON $500 50 $450 64 4066 TOOWONG $450 37 $460 34 4067 ST LUCIA $460 12 $400 14 4101 WEST END $520 25 $470 50 4102 WOOLOONGABBA $450 26 $440 33 4169 EAST BRISBANE $480 28 $495 37 NORTH - INNER $420 313 $400 341 4007 ASCOT $500 20 $525 23 4010 ALBION $395 6 $350 7 4011 CLAYFIELD $500 32 $430 44 4012 NUNDAH $400 75 $380 63 4030 LUTWYCHE $418 48 $420 50 4031 GORDON PARK $420 50 $390 45 4051 ALDERLEY $420 81 $400 109 NORTH - OUTER $365 423 $360 383 4013 NORTHGATE $400 10 $380 10 4014 VIRGINIA $375 49 $360 48 4017 BRACKEN RIDGE $360 119 $350 104 4018 FITZGIBBON $360 31 $375 29 4032 CHERMSIDE $375 57 $360 53 4034 ASPLEY $365 134 $360 119 4036 BALD HILLS $340 23 $355 20 NORTH WEST - INNER $500 115 $450 125 4059 KELVIN GROVE $530 49 $460 50 4060 ASHGROVE $450 35 $430 41 4065 BARDON $495 31 $430 34 NORTH WEST - OUTER $385 268 $360 232 BRISBANE CITY LAND SALES <$250,000 $250,000+ $350,000+ $500,000+ 52 28 21 14 38 27 28 32 54 26 8 51 6 25 7 8 34 22 12 15 4053 STAFFORD $385 149 $360 154 4054 ARANA HILLS $370 73 $360 51 4061 THE GAP $425 46 $390 27 SOUTH - INNER $400 362 $380 386 4103 ANNERLEY $430 55 $390 46 4104 YERONGA $415 26 $410 14 4105 MOOROOKA $385 39 $355 53 4120 GREENSLOPES $420 30 $420 28 4121 HOLLAND PARK $410 100 $400 94 4122 MANSFIELD $380 111 $370 149 SOUTH - OUTER $360 326 $350 314 4106 ROCKLEA $350 18 $310 6 4107 SALISBURY $360 28 $345 27 4108 COOPERS PLAINS $350 34 $350 41
9 BRISBANE CITY 3 BEDROOM HOUSES continued 4109 MACGREGOR $380 88 $360 77 4110 ACACIA RIDGE $330 38 $325 67 4112 KURABY $310 5 $350 9 4113 EIGHT MILE PLAINS $370 67 $360 54 4115 ALGESTER $370 29 $360 18 4116 CALAMVALE $390 19 $365 15 SOUTH EAST - INNER $430 305 $400 341 4151 COORPAROO $430 28 $420 37 4152 CAMP HILL $420 111 $390 123 4170 CANNON HILL $440 98 $400 116 4171 BALMORAL $470 51 $470 56 4172 MURARRIE $380 17 $390 9 SOUTH EAST - OUTER $395 62 $375 53 4153 BELMONT $400 7 $395 9 4154 GUMDALE $450 10 $420 10 4173 TINGALPA $385 30 $370 23 4174 HEMANT $385 10 $360 9 SOUTH WEST - INNER $420 128 $390 107 4068 CHELMER $450 51 $420 47 4075 CORINDA $390 77 $375 60 SOUTH WEST - OUTER $350 406 $340 380 4069 BROOKFIELD $405 47 $400 56 4070 ANSTEAD $360 14 $360 9 4073 SEVENTEEN MILE ROCKS $370 20 $360 20 4074 JINDALEE $365 73 $375 79 4076 DARRA $320 38 $300 30 4077 DOOLANDELLA $300 96 $295 73 4078 FOREST LAKE $345 118 $340 113 2 BEDROOM UNITS BRISBANE CITY $380 4,244 $365 4,303 BAYSIDE $315 48 $295 63 4178 WYNNUM $315 30 $290 41 4179 MANLY $285 18 $320 22 CITY INNER $470 1,778 $440 1,851 4000 BRISBANE CITY $560 329 $540 322 4005 NEW FARM $470 255 $450 263 4006 BOWEN HILLS $480 244 $460 307 4064 PADDINGTON $375 59 $360 80 2 BEDROOM UNITS continued 4030 LUTWYCHE $320 106 $300 90 4031 GORDON PARK $310 67 $300 86 4051 ALDERLEY $330 96 $330 143 NORTH - OUTER $335 232 $320 229 4013 NORTHGATE $295 26 $300 19 4014 VIRGINIA $275 7 $340 13 4017 BRACKEN RIDGE $280 25 $280 22 4032 CHERMSIDE $360 111 $335 101 4034 ASPLEY $335 58 $320 70 NORTH WEST - INNER $360 148 $350 120 4059 KELVIN GROVE $385 104 $365 81 4060 ASHGROVE $350 37 $340 32 4065 BARDON $350 7 $285 7 NORTH WEST - OUTER $360 95 $300 52 4053 STAFFORD $365 93 $300 49 SOUTH - INNER $340 447 $330 427 4103 ANNERLEY $320 112 $310 83 4104 YERONGA $340 26 $325 31 4105 MOOROOKA $350 87 $360 93 4120 GREENSLOPES $330 87 $320 95 4121 HOLLAND PARK $310 44 $320 36 4122 MANSFIELD $390 90 $360 86 SOUTH - OUTER $300 53 $375 50 4106 ROCKLEA $235 8 0 4109 MACGREGOR $390 26 $390 36 4110 ACACIA RIDGE $138 8 1 SOUTH EAST - INNER $360 428 $340 410 4151 COORPAROO $340 162 $330 188 4152 CAMP HILL $360 53 $330 36 4170 CANNON HILL $360 98 $350 89 4171 BALMORAL $395 115 $360 97 SOUTH EAST - OUTER $300 7 $340 7 4173 TINGALPA $300 5 $340 7 SOUTH WEST - INNER $370 279 $350 299 4068 CHELMER $370 235 $350 268 4075 CORINDA $310 44 $320 31 SOUTH WEST - OUTER $310 23 $310 22 4077 DOOLANDELLA $179 6 $176 7 4078 FOREST LAKE $335 9 $330 11 4066 TOOWONG $380 219 $380 221 4067 ST LUCIA $395 143 $400 129 4101 WEST END $510 269 $450 255 4102 WOOLOONGABBA $480 62 $400 65 4169 EAST BRISBANE $420 198 $410 209 NORTH - INNER $340 703 $330 773 4007 ASCOT $360 117 $350 108 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. 4010 ALBION $360 22 $335 29 4011 CLAYFIELD $335 126 $325 138 4012 NUNDAH $350 169 $350 179
10 BRISBANE CITY 3 BEDROOM TOWNHOUSES BRISBANE CITY $400 1,438 $380 1,479 BAYSIDE $380 72 $370 61 4178 WYNNUM $370 33 $370 38 4179 MANLY $395 39 $365 23 CITY INNER $550 60 $560 72 4005 NEW FARM $720 6 $700 5 4006 BOWEN HILLS $590 7 $550 10 4064 PADDINGTON $645 10 $570 11 4066 TOOWONG $500 14 $480 10 4067 ST LUCIA $510 9 $550 13 4101 WEST END $530 7 $580 15 NORTH - INNER $450 106 $410 100 4007 ASCOT $600 13 4 4011 CLAYFIELD $475 18 $545 9 4012 NUNDAH $410 24 $390 27 4031 GORDON PARK $420 13 $400 11 4051 ALDERLEY $460 32 $415 33 NORTH - OUTER $370 165 $355 238 4013 NORTHGATE $400 7 $380 12 4017 BRACKEN RIDGE $360 53 $350 119 4018 FITZGIBBON $365 23 $345 25 4032 CHERMSIDE $410 33 $420 37 4034 ASPLEY $380 49 $365 45 NORTH WEST - INNER $540 18 $460 17 4059 KELVIN GROVE $570 9 $460 8 4060 ASHGROVE $475 6 $400 5 NORTH WEST - OUTER $400 50 $390 49 4053 STAFFORD $400 40 $390 40 4054 ARANA HILLS $360 5 $350 7 4061 THE GAP $420 5 2 3 BEDROOM TOWNHOUSES continued SOUTH - INNER $410 132 $400 134 4103 ANNERLEY $495 23 $440 23 4104 YERONGA $410 10 $430 10 4105 MOOROOKA $410 17 $395 23 4120 GREENSLOPES $490 16 $440 20 4121 HOLLAND PARK $410 10 $400 12 4122 MANSFIELD $400 56 $385 46 SOUTH - OUTER $380 375 $370 380 4107 SALISBURY $465 8 $450 7 4109 MACGREGOR $400 65 $390 69 4110 ACACIA RIDGE $340 8 $320 8 4112 KURABY $365 24 $360 22 4113 EIGHT MILE PLAINS $385 174 $385 163 4115 ALGESTER $360 37 $350 53 4116 CALAMVALE $370 57 $360 58 SOUTH EAST - INNER $441 208 $400 218 4151 COORPAROO $480 17 $440 16 4152 CAMP HILL $430 111 $395 114 4170 CANNON HILL $460 53 $420 57 4171 BALMORAL $550 25 $490 20 SOUTH EAST - OUTER $390 62 $385 60 4153 BELMONT $415 9 $410 9 4154 GUMDALE $400 32 $390 28 4173 TINGALPA $370 19 $360 22 SOUTH WEST - INNER $430 80 $390 57 4068 CHELMER $485 23 $495 17 4075 CORINDA $410 57 $370 40 SOUTH WEST - OUTER $350 110 $345 93 4073 SEVENTEEN MILE ROCKS $420 19 $385 9 4074 JINDALEE $450 16 $395 16 4077 DOOLANDELLA $350 54 $330 39 4078 FOREST LAKE $340 15 $320 21 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 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 $427,500-1.7% $440,000-4.3% 33.5% BRISBANE (SD) ^ 288 $530,000-3.6% $560,000-5.1% 23.1% IPSWICH CITY (LGA) 341 $300,000-3.2% $310,000-3.1% 31.9% IPSWICH CITY (LGA) ^ ~ 28 $450,000-14.9% $495,000 1.0% 35.6% AUGUSTINE HEIGHTS * ~ 9 $540,000 21.3% $457,250-21.8% N/A BELLBIRD PARK 3 N/A N/A $305,000-4.4% 35.6% BOOVAL 6 N/A N/A $283,250-2.8% 41.6% BRASSALL 16 $320,250 0.4% $325,000-3.0% 28.0% BUNDAMBA 8 $307,250 N/A $277,000 0.7% 28.8% CAMIRA 17 $310,000 N/A $340,000-4.9% 31.0% COLLINGWOOD PARK 12 $318,750-6.0% $319,000-0.6% 20.4% EAST IPSWICH 6 N/A N/A $260,000-5.6% 33.3% EASTERN HEIGHTS ~ 7 $259,000-13.8% $277,000-1.1% 33.5% FLINDERS VIEW ~ 18 $317,500-2.8% $340,000-15.0% 28.3% GOODNA ~ 17 $205,000-21.9% $285,000-3.4% 30.1% IPSWICH ~ 3 N/A N/A $300,000-9.6% 20.0% KARALEE ^ 4 N/A N/A $520,000-0.5% 34.2% LEICHHARDT 6 N/A N/A $235,000-6.0% 29.8% NORTH BOOVAL 10 $145,750 N/A N/A N/A N/A NORTH IPSWICH ~ 11 $230,000-10.2% $270,000-8.0% 24.1% RACEVIEW ~ 19 $280,000-8.3% $302,500-7.5% 28.7% REDBANK PLAINS ~ 25 $280,000-1.8% $285,000-8.1% 29.5% RIVERVIEW ~ 4 N/A N/A $230,000-8.4% 27.4% ROSEWOOD 4 N/A N/A $276,500 2.4% 39.6% SILKSTONE ~ 6 N/A N/A $257,500-8.0% 27.8% SPRINGFIELD ~ 19 $370,000 11.4% $365,000-2.5% 21.7% SPRINGFIELD LAKES 43 $385,000 4.3% $385,000-4.9% 24.2% YAMANTO ~ 22 $312,500-12.7% $338,000-3.4% 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 $335,250-4.2% $350,000-3.3% 36.5% LOGAN CITY (LGA) ^ 101 $475,000-2.1% $500,000-4.7% 21.7% BEENLEIGH 12 $317,500 N/A $320,762-2.8% 32.5% BERRINBA 7 $390,000-1.3% $398,400-2.1% N/A BETHANIA 11 $305,000 2.7% $292,500-6.3% 28.6% BORONIA HEIGHTS 16 $280,000-4.4% $290,000-8.2% 26.1% BROWNS PLAINS ~ 9 $281,000-3.1% $295,500-10.2% 24.7% CEDAR GROVE ^ ~ 2 N/A N/A $368,000-12.4% 10.3% CEDAR VALE ^ ~ 7 $377,000-14.1% $410,000-6.8% 27.9% CORNUBIA ~ 12 $381,000-18.9% $467,500-0.5% 20.8% CRESTMEAD 23 $270,000-6.1% $290,050-7.0% 27.4% DAISY HILL ~ 24 $403,500-13.8% $442,500 5.4% 40.5% EAGLEBY 18 $249,250-5.9% $272,500-7.2% 30.4% EDENS LANDING ~ 14 $330,000-8.8% $340,500-5.4% 19.5% FORESTDALE ^ ~ 4 N/A N/A $615,000-10.9% 18.8% GREENBANK ^ ~ 13 $520,000 20.2% $540,500 2.6% 35.1% HERITAGE PARK 14 $379,000 0.0% $392,500-6.5% 18.9% HILLCREST ~ 16 $302,500-17.1% $340,000 0.0% 38.8% JIMBOOMBA 8 $409,750 N/A $385,500 2.8% 47.3%
12 greater brisbane HOUSES continued JIMBOOMBA ^ 20 $440,000-2.4% $451,000-7.0% 25.3% KINGSTON 17 $254,000-4.2% $260,000-9.7% 30.0% LOGAN CENTRAL 7 $255,000 N/A $258,000-7.2% 31.6% LOGAN VILLAGE ^ ~ 9 $460,000 7.0% $442,500-17.5% 12.4% LOGANHOLME 21 $350,000-4.9% $366,500-2.8% 35.7% LOGANLEA 5 N/A N/A $300,000-6.3% 27.7% MARSDEN ~ 22 $287,500-10.7% $322,000 0.6% 41.2% MEADOWBROOK 5 N/A N/A $373,000-7.6% 24.3% MOUNT WARREN PARK 8 $372,500-2.0% $350,000-7.7% 25.9% MUNDOOLUN ^ 2 N/A N/A $512,000 3.9% 51.0% MUNRUBEN ^ 5 $495,000 N/A $511,500 0.3% 28.5% NEW BEITH ^ ~ 6 $492,500-15.8% $522,500-1.2% 37.3% REGENTS PARK 29 $329,000-7.5% $365,000 0.8% 32.7% ROCHEDALE SOUTH 40 $400,025-7.2% $407,750-2.9% 38.7% SHAILER PARK 26 $429,000-2.5% $470,000 0.0% 23.7% SLACKS CREEK 11 $279,000-5.4% $282,000-6.5% 21.3% SPRINGWOOD ~ 23 $385,500-10.3% $407,500-4.1% 25.4% TANAH MERAH ~ 13 $354,000-9.2% $385,000-1.3% 22.2% UNDERWOOD 21 $456,000 4.2% $445,000-0.6% 36.9% WATERFORD 8 $410,500 5.3% $390,000-3.7% N/A WATERFORD WEST 10 $290,000-0.9% $310,000-3.1% 32.8% WINDAROO + ~ 3 N/A N/A $407,500-7.8% 25.4% WOODRIDGE 12 $225,500-6.8% $252,000-7.2% 32.6% MORETON BAY (LGA) 781 $370,000-2.6% $381,880-5.0% 29.5% MORETON BAY (LGA) ^ 95 $530,000 0.0% $565,000-5.8% 22.8% ALBANY CREEK 36 $458,500-3.9% $486,500-8.2% 32.6% ARANA HILLS 16 $448,000 6.7% $422,500-9.1% 25.5% BANKSIA BEACH ~ f 11 $670,000 39.9% $490,000 3.2% 18.6% BELLARA 15 $295,000 N/A $327,500-3.3% 19.1% BELLMERE 13 $300,000 N/A $340,000-6.8% 11.5% BONGAREE ~ f 15 $390,000 12.0% $385,000-7.2% 19.4% BRAY PARK 22 $360,000-1.9% $360,000-2.7% 34.3% BURPENGARY 24 $334,000 0.8% $341,000-9.1% 30.7% BURPENGARY ^ 8 $550,000 5.8% $525,500-1.4% 28.2% BURPENGARY EAST ^ ~ 6 $558,000 33.3% $528,500-5.6% 33.8% CABOOLTURE 22 $305,000-4.7% $295,000-7.8% 31.0% CABOOLTURE ^ 2 N/A N/A $459,000 0.1% 19.6% CABOOLTURE SOUTH 8 $262,500 3.0% $274,500-6.3% 30.7% CASHMERE 14 $568,500 N/A $575,000 6.7% 35.3% CLONTARF 22 $324,500 2.4% $347,500-5.2% 24.3% DAKABIN 10 $379,500 N/A N/A N/A N/A DECEPTION BAY 39 $310,000 1.6% $304,000-5.0% 26.7% EATONS HILL 19 $519,500 4.8% $525,000 1.9% 28.5% ELIMBAH ^ ~ 6 $429,025 N/A $464,025-10.0% 22.1% EVERTON HILLS 15 $480,000 1.1% $473,750 2.4% 45.8% FERNY HILLS 21 $425,000 4.3% $428,000-5.9% 32.3% GRIFFIN 6 N/A N/A $410,000 0.0% 30.2% HOUSES continued KIPPA-RING 17 $360,000-1.2% $348,000-5.9% 26.3% LAWNTON 12 $322,500 1.9% $325,000-6.9% 28.8% MANGO HILL ~ 15 $385,000-15.8% $423,000-7.3% 17.5% MARGATE ~ 21 $315,000-3.5% $330,000-14.7% 15.8% MORAYFIELD 29 $312,000 1.4% $315,000-6.5% 23.5% MORAYFIELD ^ 14 $449,000-5.0% $510,000-7.3% 20.0% MURRUMBA DOWNS 20 $393,000 1.6% $418,000-5.9% 26.7% NARANGBA 45 $380,000-0.3% $410,000-5.7% 24.2% NEWPORT ~ f 7 $756,000 N/A $760,000-10.6% N/A NINGI ^ ~ 3 N/A N/A $435,000-16.3% 4.8% NORTH LAKES 60 $432,250-0.1% $437,000-3.5% 20.6% PETRIE ~ 23 $356,000-6.3% $371,250-4.3% 31.0% REDCLIFFE 32 $331,000 0.6% $355,000-7.7% 27.7% ROTHWELL 8 $362,500 3.0% $380,000-0.8% 14.3% SAMFORD VALLEY ^ 4 N/A N/A $773,750-6.2% 20.9% SANDSTONE POINT 13 $361,000 N/A $370,000-7.5% 13.8% SCARBOROUGH ~ f 26 $347,500-23.0% $420,000-14.3% 9.7% STRATHPINE ~ 14 $291,250-10.4% $334,000-4.6% 30.0% UPPER CABOOLTURE ^ ~ 4 N/A N/A $470,000-14.2% 14.6% WARNER 23 $462,500 1.6% $462,000-3.5% 29.2% WOODY POINT 18 $317,500 N/A $380,000-5.0% 24.6% REDLAND CITY (LGA) 345 $427,000-1.9% $446,500-5.0% 24.9% REDLAND CITY (LGA) ^ ~ 20 $715,000-16.1% $775,000-6.6% 13.6% ALEXANDRA HILLS 34 $380,000-3.3% $392,000-5.5% 28.5% BIRKDALE 31 $452,000 2.5% $446,500-5.8% 18.3% CAPALABA 40 $385,150-1.1% $392,000-4.5% 24.4% CAPALABA ^ ~ 8 $715,000 N/A $767,500-7.5% 10.4% CLEVELAND 26 $503,750 7.2% $490,000-7.6% 16.7% MACLEAY ISLAND ~ 10 $211,500-18.7% $245,000-1.6% 16.1% MOUNT COTTON 21 $467,900-1.5% $466,000 1.1% 39.9% ORMISTON ~ f 12 $395,000-22.9% $523,500-15.6% 17.2% REDLAND BAY 44 $450,750 1.3% $461,000-6.0% 21.0% RUSSELL ISLAND ~ f 13 $190,000-3.6% $203,000-9.8% 20.1% THORNESIDE 7 $361,000 N/A $450,000-7.4% 33.3% THORNLANDS 24 $537,500 7.0% $530,000-3.6% 22.7% THORNLANDS ^ ~ 5 $661,000 N/A $802,500-8.8% 17.2% VICTORIA POINT ~ 39 $442,000-13.3% $465,000-5.1% 21.7% WELLINGTON POINT ~ 37 $485,000-9.2% $510,000-5.5% 25.9% SURROUNDS LOCKYER VALLEY (LGA) 16 $231,000 N/A $250,000-7.4% 34.4% LOCKYER VALLEY (LGA) ^ 38 $330,000 3.8% $340,000-5.6% 35.5% GATTON 3 $330,000 N/A $277,000-4.1% 41.3% KENSINGTON GROVE ^ ~ 3 N/A N/A $307,500-21.7% 27.3% LAIDLEY ~ 7 $207,000-10.0% $235,000-5.2% 34.3% LAIDLEY HEIGHTS ^ 2 N/A N/A $330,000-2.9% 37.5% REGENCY DOWNS ^ 2 N/A N/A $322,500-3.7% 37.2% KALLANGUR 44 $324,500-1.7% $340,000-5.1% 30.8%
13 greater brisbane HOUSES continued SOMERSET (LGA) ~ 20 $200,250 N/A $231,000-15.2% 28.3% SOMERSET (LGA) ^ ~ 27 $330,000-5.0% $350,000-9.1% 25.0% VACANT LAND BRISBANE (SD) 484 $209,900 3.9% $209,500 1.2% 21.4% BRISBANE (SD) ^ ~ 70 $312,500 11.7% $345,000 13.1% 53.3% FERNVALE ^ ~ 7 $290,000 N/A $340,000-17.6% 21.4% LOWOOD 7 $197,500 N/A $175,375 N/A 2.9% LOWOOD ^ ~ 3 N/A N/A $380,000 16.9% 39.4% UNITS & TOWNHOUSES BRISBANE (SD) 1,622 $369,000-1.6% $373,000-1.1% 30.0% IPSWICH CITY (LGA) + 81 $177,900-0.7% $180,900 1.5% 24.8% IPSWICH CITY (LGA) ^ 6 N/A N/A $259,750-0.1% 33.2% AUGUSTINE HEIGHTS 11 $227,000 0.9% $227,000-1.3% 11.8% BRASSALL 8 $179,750-1.5% $182,000 2.7% 25.5% BROOKWATER + ~ * 5 $260,000-11.9% $271,000-10.6% -5.2% GOODNA 7 $190,000 N/A $183,000 7.6% 28.9% IPSWICH CITY (LGA) - * t 20 $197,000-19.3% $272,250 8.9% 39.6% LEICHHARDT 2 N/A N/A $175,950 0.9% N/A NORTH BOOVAL 0 N/A N/A $195,000 3.9% N/A LOGAN CITY (LGA) - 104 $264,500-3.8% $269,000-0.4% 54.8% BEENLEIGH 5 N/A N/A $235,000 2.6% 55.6% EAGLEBY * t 10 $323,000 3.4% $320,000 26.5% 128.6% REDBANK PLAINS 10 $168,450 0.3% $171,400-2.1% 7.1% SPRINGFIELD LAKES ~ * 15 $179,900 22.4% $185,000 5.4% 36.5% MARSDEN * t 14 $322,500 0.0% $323,000 N/A 129.1% ROCHEDALE SOUTH ~ t 6 N/A N/A $266,500-6.8% 38.4% SHAILER PARK 6 N/A N/A $292,000-2.8% 53.7% SLACKS CREEK 2 N/A N/A $240,000-1.1% 50.0% SPRINGWOOD 6 N/A N/A $278,000-1.8% 42.6% WOODRIDGE * t 16 $187,500-1.6% $193,500-12.8% 43.3% BRISBANE SURROUNDS' HOUSE SALES <$350,000 $350,000+ $500,000+ $1m+ 891 788 246 12 686 761 237 7 MORETON BAY (LGA) - * 152 $290,000-7.9% $327,500-1.4% 28.9% ALBANY CREEK 5 N/A N/A $367,000 N/A 36.2% BONGAREE * f 5 N/A N/A $302,500-12.3% 14.2% 586 718 815 779 885 1009 244 6 291 20 328 16 BRENDALE t 11 $249,000-1.3% $255,000-10.8% 21.4% INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL BURPENGARY 8 $260,000 N/A $275,000-9.8% 10.4% CABOOLTURE 11 $225,000 N/A $275,000 10.0% 80.3% DECEPTION BAY * t 12 $317,500 N/A $305,000 15.1% 26.0% KALLANGUR 12 $308,500-2.1% $322,200-2.1% 34.3% KIPPA-RING 4 N/A N/A $327,000-3.0% 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 $352,000-3.3% 7.6% MORAYFIELD * t 10 $250,500 N/A $319,000 27.0% 28.6% MURRUMBA DOWNS 6 N/A N/A $347,000-0.6% 33.7% REDCLIFFE * f 17 $395,000 23.4% $375,000 1.4% 10.3% SCARBOROUGH * f 9 $270,000 N/A $365,000-18.4% -6.4% WOODY POINT * f 6 N/A N/A $276,500-43.0% 10.6% BRISBANE SURROUNDS' UNIT SALES <$250,000 $250,000+ $350,000+ $500,000+ $1m+ 101 81 71 98 113 155 143 159 172 231 58 INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL 61 54 14 3 79 23 19 GOLD COAST UNIT SALES 2 2 31 71 38 3 REDLAND CITY (LGA) 59 $332,000 0.6% $350,000-2.8% 27.3% CAPALABA t 8 $273,500 N/A $282,000-5.5% 24.1% CLEVELAND f 25 $370,000-5.1% $395,000 3.5% 38.6% THORNESIDE 3 N/A N/A $295,000-4.8% 39.2% BRISBANE SURROUNDS' LAND SALES <$250,000 $250,000+ $350,000+ $500,000+ 278 313 216 271 436 47 9 5 49 14 6 57 40 8 4 18 4 77 12 8 Includes REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL GOLD COAST LAND SALES
14 greater brisbane VACANT LAND continued LOGAN CITY (LGA) * 49 $205,000-1.9% $218,000 6.3% 45.3% LOGAN CITY (LGA) ^ ~ 20 $227,450-9.0% $251,000-2.4% 47.6% BAHRS SCRUB 1 N/A N/A $235,000-1.7% N/A BANNOCKBURN * 2 N/A N/A $235,000 N/A N/A JIMBOOMBA * 8 $181,000 N/A $182,250-1.5% 40.2% JIMBOOMBA ^ 4 N/A N/A $220,000 1.9% 38.4% MARSDEN 5 $198,000-3.4% $199,000 2.7% 37.2% WATERFORD * 15 $167,000-17.3% $195,000 10.8% 42.9% MORETON BAY (LGA) + 150 $199,500-0.2% $203,000 0.2% 21.2% MORETON BAY (LGA) ^ ~ * 34 $377,500 18.7% $375,000 1.4% 44.2% BANKSIA BEACH + * f 2 N/A N/A $320,000-20.0% 9.4% CABOOLTURE * 38 $190,000-2.5% $191,000-2.1% 24.4% DAKABIN * 10 $183,450 N/A $206,750-1.5% N/A GRIFFIN 8 $193,875-5.3% $210,000 0.2% N/A KALLANGUR 2 N/A N/A $210,700 3.0% 36.0% MANGO HILL 6 $277,500 N/A N/A N/A N/A MORAYFIELD 15 $194,000 0.0% $194,000 2.0% 29.3% NARANGBA ~ * 17 $200,000-5.4% $208,000-9.0% 23.4% NORTH LAKES * 24 $208,750 4.4% $206,000 0.0% 31.2% WARNER * 9 $220,000 N/A $227,000-5.4% 37.6% 3 BEDROOM HOUSES IPSWICH CITY $290 771 $275 777 4300 AUGUSTINE HEIGHTS $320 198 $310 167 4301 COLLINGWOOD PARK $295 123 $280 96 4303 DINMORE $270 17 $255 24 4304 BLACKSTONE $275 89 $260 109 4305 BASIN POCKET $275 268 $265 297 4306 AMBERLEY $310 46 $280 44 4340 ASHWELL $270 26 $270 36 LOGAN CITY $320 990 $320 988 4114 KINGSTON $300 172 $300 167 4118 BROWNS PLAINS $320 92 $320 118 4119 UNDERWOOD $350 17 $345 9 4123 PRIESTS GULLY $365 68 $360 58 4124 BORONIA HEIGHTS $330 38 $320 40 4125 MUNRUBEN $385 11 4 4127 CHATSWOOD HILLS $340 104 $330 102 4128 KIMBERLEY PARK $370 33 $370 34 4129 LOGANDALE $340 22 $330 32 4130 CARBROOK $390 13 $330 9 4131 LOGANLEA $335 31 $320 30 4132 CRESTMEAD $310 79 $310 86 4133 CHAMBERS FLAT $330 41 $335 44 REDLAND CITY (LGA) ¹ ~ 67 $72,000 21.0% $97,450-60.1% -49.2% Redland City - Bay Islands ~ f 37 $36,500-5.8% $36,750-14.5% -4.5% Redland City - Mainland ~ * f 30 $266,750-18.5% $275,000-0.7% 23.3% BIRKDALE * 5 $285,000 N/A N/A N/A N/A MACLEAY ISLAND ~ f 7 $50,000-9.1% $55,000 0.6% 10.0% MOUNT COTTON 4 N/A N/A $270,000 5.3% 21.1% RUSSELL ISLAND ~ f 27 $31,800 6.0% $31,500-14.9% 5.0% THORNLANDS 1 N/A N/A $275,000 3.8% 22.1% VICTORIA POINT * 8 $268,000 N/A $265,000 0.8% 20.5% SURROUNDS LOCKYER VALLEY (LGA) 3 N/A N/A $129,000 4.0% 60.2% LOCKYER VALLEY (LGA) ^ 25 $125,000-3.8% $140,000 0.0% 50.5% LAIDLEY 2 N/A N/A $129,000 4.0% N/A LAIDLEY NORTH * 0 N/A N/A $129,000 12.2% N/A SOMERSET (LGA) 13 $129,000 N/A $129,000-2.3% 51.8% SOMERSET (LGA) ^ * 12 $128,500 N/A $177,400-11.3% 26.7% FERNVALE * 6 $144,000-2.0% $143,000 2.9% 35.5% LOWOOD * G 4 N/A N/A $129,000 7.5% 63.8% 4205 BETHANIA $310 23 $300 25 4207 ALBERTON $320 216 $315 198 4280 JIMBOOMBA $370 29 $370 31 MORETON BAY REGIONAL $320 1,213 $320 1,067 4019 CLONTARF $330 127 $330 98 4020 NEWPORT $330 83 $320 76 4021 KIPPA-RING $330 33 $320 34 4022 ROTHWELL $330 10 $330 10 4035 ALBANY CREEK $400 26 $380 29 4037 EATONS HILL $390 8 $380 13 4055 BUNYA $390 44 $375 32 4500 BRAY PARK $340 89 $335 69 4501 LAWNTON $320 19 $320 18 4502 FRENCHS FOREST $330 34 $320 23 4503 DAKABIN $330 100 $330 90 4504 NARANGBA $330 23 $315 20 4505 BURPENGARY $340 24 $300 24 4506 MOORINA $290 61 $290 64 4507 BANKSIA BEACH $300 57 $300 42 4508 DECEPTION BAY $285 95 $290 101 4509 MANGO HILL $360 71 $360 72 4510 BALINGOOL $280 227 $280 173 4511 GODWIN BEACH $300 30 $280 28 4512 BRACALBA $330 10 $290 7 4514 BELLTHORPE $290 21 $305 20 4520 ARMSTRONG CREEK $450 7 $410 8 4521 CAMPBELLS POCKET $360 11 $340 10
15 greater brisbane 3 BEDROOM HOUSES continued 2 BEDROOM UNITS REDLAND CITY $365 378 $350 351 4157 CAPALABA $370 37 $360 31 4158 THORNESIDE $370 13 $350 14 4159 AQUATIC PARADISE $380 26 $360 33 4160 EROBIN $365 48 $370 35 4161 ALEXANDRA HILLS $375 53 $360 50 4163 CLEVELAND $375 47 $375 49 4164 PINKLANDS $370 15 $370 13 4165 MOUNT COTTON $375 64 $360 59 4183 AMITY $300 9 $280 6 4184 COOCHIEMUDLO ISLAND $230 66 $230 61 LOCKYER VALLEY REGIONAL $265 125 $250 105 4341 BLENHEIM $265 43 $250 43 4342 CROWLEY VALE $250 20 $250 10 4343 ADARE $270 57 $265 40 SOMERSET REGIONAL $260 68 $260 70 4311 ATKINSONS DAM $275 26 $285 27 4312 BRYDEN $230 15 $230 12 4313 BIARRA $220 6 $230 12 4515 GLENFERN $280 21 $300 19 IPSWICH CITY $240 147 $235 151 4300 AUGUSTINE HEIGHTS $255 30 $210 28 4301 COLLINGWOOD PARK $250 22 $250 32 4303 DINMORE $250 5 3 4304 BLACKSTONE $230 28 $230 20 4305 BASIN POCKET $230 60 $225 67 LOGAN CITY $250 233 $245 230 4114 KINGSTON $250 58 $240 95 4123 PRIESTS GULLY $290 6 $280 9 4127 CHATSWOOD HILLS $295 31 $280 18 4128 KIMBERLEY PARK $285 10 $250 6 4132 CRESTMEAD $250 9 $240 10 4133 CHAMBERS FLAT $250 14 $250 10 4207 ALBERTON $250 86 $240 61 4280 JIMBOOMBA $245 6 4 MORETON BAY REGIONAL $265 538 $260 468 4019 CLONTARF $250 77 $260 100 4020 NEWPORT $265 115 $260 92 4021 KIPPA-RING $250 5 $220 8 4500 BRAY PARK $280 43 $280 27 4501 LAWNTON $275 12 $270 17 4503 DAKABIN $270 34 $275 33 4506 MOORINA $255 16 $260 9 4507 BANKSIA BEACH $250 62 $240 64 4508 DECEPTION BAY $285 30 $285 21 4509 MANGO HILL $300 18 3 2 BEDROOM UNITS continued REDLAND CITY $320 72 $310 90 4160 EROBIN $325 11 $340 7 4161 ALEXANDRA HILLS $135 6 $195 11 4163 CLEVELAND $350 41 $330 41 LOCKYER VALLEY REGIONAL $230 21 $210 17 4341 BLENHEIM $230 5 2 4343 ADARE $230 15 $220 13 3 BEDROOM TOWNHOUSES IPSWICH CITY $300 91 $290 87 4300 AUGUSTINE HEIGHTS $345 28 $330 17 4301 COLLINGWOOD PARK $300 21 $290 17 4304 BLACKSTONE $300 16 $280 28 4305 BASIN POCKET $291 24 $295 24 LOGAN CITY $320 355 $315 288 4114 KINGSTON $300 34 $300 32 4118 BROWNS PLAINS $335 53 $320 34 4119 UNDERWOOD $400 15 $390 12 4123 PRIESTS GULLY $310 8 $335 7 4127 CHATSWOOD HILLS $320 36 $310 45 4128 KIMBERLEY PARK $325 11 $300 6 4130 CARBROOK $320 6 4 4131 LOGANLEA $345 33 $345 30 4132 CRESTMEAD $320 23 $300 12 4133 CHAMBERS FLAT $300 26 $300 10 4207 ALBERTON $310 104 $315 89 MORETON BAY REGIONAL $320 399 $320 371 4019 CLONTARF $320 14 $330 8 4020 NEWPORT $320 27 $320 15 4021 KIPPA-RING $320 44 $325 74 4022 ROTHWELL $300 9 $300 9 4035 ALBANY CREEK $390 5 4 4500 BRAY PARK $320 27 $320 26 4501 LAWNTON $340 17 $330 5 4502 FRENCHS FOREST $340 7 2 4503 DAKABIN $330 89 $330 89 4505 BURPENGARY $300 25 $290 49 4506 MOORINA $290 20 2 4507 BANKSIA BEACH $315 8 $320 8 4508 DECEPTION BAY $300 40 $290 40 4509 MANGO HILL $325 34 $340 6 4510 BALINGOOL $285 25 $270 22 REDLAND CITY $370 95 $360 79 4157 CAPALABA $360 14 $335 7 4158 THORNESIDE $355 9 $350 8 4160 EROBIN $385 17 $360 13 4163 CLEVELAND $380 22 $380 30 4165 MOUNT COTTON $370 27 $360 19 4510 BALINGOOL $245 103 $260 79
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+ 76 399 264 53 140 349 231 146 34 68 346 243 56 131 312 270 174 38 25 371 350 36 82 307 267 134 33 20 376 318 37 116 291 269 178 61 24 433 332 49 104 374 282 191 50
17 GOLD COAST HOUSES GOLD COAST CITY (LGA) + 792 $469,950 2.2% $490,000-3.9% 17.8% GOLD COAST CITY (LGA) ^ 101 $620,000-1.6% $655,000-8.4% 12.9% ARUNDEL 21 $455,000-1.1% $490,000 4.3% 19.5% ASHMORE ~ 19 $471,000 17.0% $441,250-9.6% 11.0% BENOWA + * ~ f 22 $603,750-32.9% $675,000-12.1% 9.1% BIGGERA WATERS ~ f 6 N/A N/A $450,000-18.9% 7.3% BONOGIN ^ 11 $625,000-1.2% $625,000-6.4% 28.1% BROADBEACH WATERS ~ f 22 $688,250-11.2% $740,000-9.8% 8.8% BUNDALL ~ f 11 $715,000 10.2% $820,750-9.8% 10.2% BURLEIGH HEADS ~ f 17 $480,000-11.4% $550,000-2.9% 6.8% BURLEIGH WATERS 34 $526,500-2.8% $540,625-5.5% 18.0% CARRARA 16 $381,500-6.7% $415,000-5.3% 13.5% CLEAR ISLAND WATERS ~ f 9 $749,000-20.2% $790,000-9.2% 5.7% COOMBABAH ~ 9 $355,000-2.7% $385,000-13.1% 10.0% COOMERA + ~ f 9 $630,000-1.2% $542,500-4.8% 3.5% CURRUMBIN WATERS 19 $475,000-6.9% $486,000-3.8% 22.3% ELANORA 21 $432,500-7.5% $482,500-9.0% 10.9% HELENSVALE + ~ f 40 $441,250-4.1% $490,000-2.2% 12.6% HIGHLAND PARK 11 $380,000-9.5% $424,000-1.1% 24.7% HOLLYWELL 14 $500,000 N/A $529,500-8.5% 4.9% HOPE ISLAND + ~ f * 15 $630,000-16.7% $1,130,000 7.6% -1.7% LABRADOR 10 $385,000 0.8% $400,000-8.9% 4.4% MAUDSLAND 5 N/A N/A $460,000 4.8% 21.9% MERMAID BEACH ~ f 7 $950,000 N/A $1,025,000-16.7% -10.9% MERMAID WATERS ~ 30 $535,000-9.0% $588,000-9.8% 5.0% MERRIMAC 9 $379,000 N/A $406,000-4.7% 16.6% MIAMI ~ 6 N/A N/A $485,500-12.5% 8.7% MOLENDINAR 9 $440,000-2.2% $497,500-0.9% 14.9% MUDGEERABA 22 $450,000 4.0% $450,000-7.4% 18.0% MUDGEERABA ^ ~ 8 $536,000-9.5% $602,500-17.5% 12.0% NERANG 24 $346,000 4.8% $350,000-8.8% 10.1% ORMEAU 22 $410,000 3.1% $421,000-5.1% 11.7% ORMEAU ^ 8 $732,500 N/A $665,000-4.5% 20.4% OXENFORD 16 $402,500-3.0% $432,500-5.4% 16.6% PACIFIC PINES 34 $463,750 5.4% $459,000-1.3% 19.2% PALM BEACH ~ 15 $512,500 4.6% $500,000-9.1% 12.1% PARADISE POINT ~ f 8 $472,500-20.0% $597,500-3.7% 19.5% PARKWOOD 13 $437,500-3.5% $453,500-7.4% 16.3% REEDY CREEK ~ 10 $628,750-3.1% $643,750-2.5% 32.7% ROBINA 45 $481,000-3.3% $520,000-4.7% 9.2% RUNAWAY BAY ~ f 10 $615,000-16.9% $755,000 5.2% -4.7% SOUTHPORT ~ f 24 $420,000 0.0% $425,125-11.3% 9.0% SOVEREIGN ISLAND * f 10 $1,805,000 N/A $1,815,000-17.5% -6.9% SURFERS PARADISE f 13 $1,700,000 15.1% $1,375,000 9.1% -8.3% TALLAI ^ 5 $925,000 N/A $724,000-5.4% 21.2% TALLEBUDGERA ^ 3 N/A N/A $760,000 4.8% 22.6% TUGUN 5 N/A N/A $445,000-2.1% 5.0% UPPER COOMERA + ~ * 56 $378,500-9.4% $400,000-6.4% 14.3% VARSITY LAKES 24 $418,500-4.9% $460,000-8.0% 12.2% HOUSES continued WORONGARY 2 N/A N/A $377,000-6.9% 12.4% WORONGARY ^ ~ 8 $580,000 9.4% $575,000-20.7% 3.6% SURROUNDS SCENIC RIM (LGA) ~ 45 $345,000-10.4% $375,000 0.5% 29.3% SCENIC RIM (LGA) ^ ~ 19 $420,000 0.6% $463,500-9.1% 15.2% BEAUDESERT 11 $290,000-6.5% $315,000-3.8% 27.9% TAMBORINE MOUNTAIN ~ 15 $390,000-18.8% $423,250-4.9% 2.0% UNITS & TOWNHOUSES GOLD COAST CITY (LGA) - * 900 $332,500-7.6% $358,000-5.3% 10.2% ARUNDEL 15 $300,000-2.4% $310,000-4.3% 16.2% ASHMORE 12 $277,000 2.6% $292,000-5.8% 16.8% BENOWA - * f 11 $447,700 N/A $447,700 11.9% 41.2% CLEAR ISLAND WATERS - f 9 $370,000 N/A $395,250-9.1% 16.3% COOMERA - f * 6 N/A N/A $358,750 5.5% 59.4% CURRUMBIN 6 N/A N/A $413,750 2.0% -1.5% ELANORA 4 N/A N/A $323,000-4.7% 14.3% REEDY CREEK - * ~ t 6 N/A N/A $292,000-7.3% 25.3% TUGUN ~ 4 N/A N/A $335,000-21.8% -5.1% MAIN BEACH ~ f 28 $793,500 55.6% $600,000-10.4% 3.4% OXENFORD ~ * t 19 $360,000 48.5% $289,500-0.5% 24.2% PACIFIC PINES * t 7 $367,500 32.0% $360,000-7.0% 30.9% CARRARA - * f t 12 $420,000 26.0% $393,000-11.6% 2.5% BROADBEACH WATERS f 7 $380,000 11.8% $360,000-12.0% 17.6% CURRUMBIN WATERS f 16 $298,500 10.4% $310,000-12.1% 18.2% BIGGERA WATERS ~ f 19 $320,000 9.6% $310,000-21.0% 6.1% LABRADOR 41 $292,000 4.3% $300,000-7.1% 13.6% MERMAID WATERS 10 $290,500 3.8% $303,000-6.5% 13.7% VARSITY LAKES 40 $397,500 3.1% $386,750 0.9% 6.8% MERRIMAC * f 11 $310,000 1.6% $349,500-9.5% 40.9% ROBINA 16 $440,000 1.1% $435,500-4.7% 20.0% MUDGEERABA 15 $345,000 0.7% $330,000-3.1% 24.5% MIAMI 16 $318,500-0.5% $352,500-7.2% 13.7% ORMEAU 10 $345,500-2.0% $350,000-5.5% 14.9% COOMBABAH * t 25 $310,000-2.1% $323,500-5.4% 25.4% RUNAWAY BAY ~ f 17 $500,000-3.5% $395,750-22.4% -16.7% PALM BEACH 37 $320,000-3.8% $352,500-2.8% 13.3% SOUTHPORT 83 $315,000-6.0% $336,500 0.4% 12.2% COOLANGATTA f 31 $455,000-6.2% $457,500-6.6% 4.0% HOPE ISLAND - f t * 20 $401,500-6.2% $415,000 1.2% -20.2% SURFERS PARADISE ~ f * 148 $322,250-7.9% $350,000-7.9% -6.7% BURLEIGH HEADS f 26 $360,000-8.9% $381,000-7.9% 12.1% BROADBEACH * f 53 $450,000-10.9% $480,000 3.7% 6.4% NERANG ~ 20 $252,500-13.2% $282,500-5.0% 10.8% PIMPAMA * t 7 $314,900-14.9% $365,900 N/A N/A HELENSVALE - * 8 $270,000-15.0% $322,500 4.0% 34.4% UPPER COOMERA - * 9 $310,000-18.2% $350,000-1.4% 9.0% BURLEIGH WATERS ~ t 20 $311,000-21.2% $337,500-6.9% 12.5%
18 GOLD COAST UNITS & TOWNHOUSES continued PARADISE POINT ~ f 12 $361,500-22.3% $358,500-13.2% -32.7% MERMAID BEACH ~ f * 30 $305,000-23.2% $340,000-11.7% 9.3% 3 BEDROOM HOUSES continued 4218 BROADBEACH $490 76 $475 84 4220 ANDREWS $430 77 $430 63 4221 ELANORA $400 72 $420 56 VACANT LAND GOLD COAST CITY (LGA) + * f 129 $303,000 26.3% $250,000 4.2% 25.1% GOLD COAST CITY (LGA) ^ 13 $400,000 N/A $450,000 0.0% 23.3% COOMERA + * f 13 $235,000 14.9% $229,900-7.0% 4.5% HELENSVALE + * f 2 N/A N/A $410,000-20.2% -6.8% HOPE ISLAND + * f 47 $309,500 N/A $341,000 3.3% -36.3% ORMEAU HILLS 4 N/A N/A $224,200 N/A 33.5% OXENFORD 3 N/A N/A $217,500-7.4% 14.5% PACIFIC PINES * 6 $259,750 23.0% $245,000 3.8% 27.6% PIMPAMA + * 4 N/A N/A $228,000 6.1% 20.6% UPPER COOMERA + * 22 $224,445-5.3% $233,700-3.5% 23.0% SURROUNDS SCENIC RIM (LGA) ^ 9 N/A N/A $220,000 10.0% 30.0% KOORALBYN ^ 5 $120,400 N/A N/A N/A N/A TOOWOOMBA 4223 CURRUMBIN $420 27 $405 34 4224 TUGUN $410 15 $395 12 4225 BILINGA $340 10 $370 10 4226 CLEAR ISLAND WATERS $430 69 $430 79 4227 REEDY CREEK $430 46 $420 41 4228 INGLESIDE $440 5 $390 10 SCENIC RIM REGIONAL $320 139 $300 110 4270 TAMBORINE $450 11 $420 6 4271 EAGLE HEIGHTS $345 12 $330 10 4272 MOUNT TAMBORINE $380 18 $355 17 4275 BENOBBLE $355 7 $350 6 4285 ALLENVIEW $295 54 $300 45 4307 COLEYVILLE $270 10 4 4309 ARATULA $235 9 $250 9 4310 ALLANDALE $260 16 $250 12 2 BEDROOM UNITS GOLD COAST CITY $340 2,824 $345 2,617 4210 GUANABA $290 12 $290 16 GOLD COAST LAND SALES <$250,000 $250,000+ $350,000+ $500,000+ 42 62 15 10 43 18 11 7 17 20 3 15 19 71 9 52 25 1 6 4211 ADVANCETOWN $290 42 $300 30 4212 BOYKAMBIL $375 59 $370 56 4214 ARUNDEL $202 30 $300 16 4215 AUSTRALIA FAIR $335 517 $340 509 4216 ANGLERS PARADISE $325 188 $325 201 4217 BENOWA $370 664 $380 618 4218 BROADBEACH $330 420 $335 396 4220 ANDREWS $350 216 $340 235 4221 ELANORA $290 187 $290 150 4223 CURRUMBIN $350 39 $330 22 4224 TUGUN $310 54 $320 43 3 BEDROOM HOUSES GOLD COAST CITY $400 1,110 $400 1,140 4208 BURNSIDE $380 31 $360 41 4209 CANOWINDRA $370 79 $360 71 4210 GUANABA $380 26 $380 30 4211 ADVANCETOWN $380 127 $380 131 4212 BOYKAMBIL $435 65 $400 64 4213 AUSTINVILLE $390 50 $400 67 4214 ARUNDEL $400 90 $400 96 4215 AUSTRALIA FAIR $380 113 $380 121 4216 ANGLERS PARADISE $385 91 $380 90 4217 BENOWA $540 41 $470 39 4225 BILINGA $300 174 $310 162 4226 CLEAR ISLAND WATERS $385 75 $390 70 4227 REEDY CREEK $300 141 $410 82 SCENIC RIM REGIONAL $220 26 $210 32 4271 EAGLE HEIGHTS $250 5 2 4285 ALLENVIEW $200 20 $200 26 3 BEDROOM TOWNHOUSES GOLD COAST CITY $360 1,267 $360 1,115 4208 BURNSIDE $360 11 $360 14 4209 CANOWINDRA $350 183 $350 118 4210 GUANABA $350 24 $320 20 4211 ADVANCETOWN $350 188 $350 188 4212 BOYKAMBIL $390 30 $370 35 4213 AUSTINVILLE $350 32 $350 38 4214 ARUNDEL $350 67 $370 53
19 GOLD COAST 3 BEDROOM TOWNHOUSES continued 4215 AUSTRALIA FAIR $360 133 $370 115 4216 ANGLERS PARADISE $350 122 $350 89 4217 BENOWA $420 62 $450 68 4218 BROADBEACH $400 36 $420 38 4220 ANDREWS $370 58 $360 42 3 BEDROOM TOWNHOUSES continued 4223 CURRUMBIN $350 14 $365 22 4224 TUGUN $400 27 $430 43 4225 BILINGA $460 5 4 4226 CLEAR ISLAND WATERS $400 158 $395 112 4227 REEDY CREEK $375 86 $380 77 4221 ELANORA $360 27 $360 34 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 2008. 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 TOOWOOMBA HOUSES TOOWOOMBA (LGA) ~ 331 $275,000-7.3% $295,000 1.0% 24.7% TOOWOOMBA (LGA) ^ ~ 65 $405,000-9.2% $425,000-1.8% 18.1% CENTENARY HEIGHTS 21 $307,000 3.9% $292,000 0.3% 19.2% DARLING HEIGHTS 6 N/A N/A $293,000-3.9% 19.3% EAST TOOWOOMBA ~ 10 $340,000-12.3% $390,000 10.3% 39.3% GLENVALE 18 $308,750 0.7% $325,000-3.0% 25.7% HARLAXTON ~ 11 $187,000-17.1% $216,000-13.6% 8.0% HARRISTOWN 27 $257,000 2.8% $265,000 0.5% 23.3% HIGHFIELDS ^ ~ 14 $423,400-12.0% $441,000 1.5% 16.1% HIGHFIELDS ~ 10 $405,500-13.7% $434,500 2.9% 20.7% KEARNEYS SPRING 20 $322,000 1.1% $325,000 3.8% 18.2% MERINGANDAN WEST ^ 7 $367,000 N/A $335,000 8.1% 19.9% MIDDLE RIDGE ~ 20 $428,500 7.7% $428,500-3.7% 19.0% MOUNT LOFTY ~ 12 $286,000-8.5% $320,500-12.2% 18.7% NEWTOWN ~ 33 $238,000-8.5% $250,000-4.9% 25.0% NORTH TOOWOOMBA ~ 14 $239,500-14.8% $260,000 4.0% 31.1% OAKEY ~ 5 N/A N/A $222,000-5.9% 28.3% RANGEVILLE ~ 22 $285,000-21.9% $360,000-5.3% 16.1% ROCKVILLE ~ 9 $224,000 1.8% $235,000-8.6% 8.5% SOUTH TOOWOOMBA 15 $246,000-2.6% $272,500 2.8% 29.5% TOOWOOMBA CITY 4 N/A N/A $276,000 6.4% 17.4% WESTBROOK 10 $389,500 4.3% $395,000 1.4% 15.5% WILSONTON ~ 19 $240,000-17.0% $260,000-5.7% 18.5% WILSONTON HEIGHTS ~ 9 $234,900-12.2% $250,500 0.8% N/A HOUSES continued SURROUNDS GOONDIWINDI (LGA) ~ 10 N/A N/A $217,250-11.3% 19.2% GOONDIWINDI 8 $272,500 N/A $267,500 0.4% 16.3% SOUTHERN DOWNS (LGA) ~ 48 $217,500-15.5% $247,000 2.9% 35.3% SOUTHERN DOWNS (LGA) ^ ~ 17 $363,000 20.0% $342,500 6.2% 32.5% STANTHORPE ~ 9 $215,000-23.2% $245,000-1.6% 37.6% WARWICK ~ 34 $215,000-18.1% $255,000 5.2% 33.5% WESTERN DOWNS (LGA) ~ 82 $271,250 15.4% $270,000 1.5% 50.0% WESTERN DOWNS (LGA) ^ ~ 23 $330,000-24.1% $380,000 6.7% 100.0% CHINCHILLA ~ * 36 $300,000 20.0% $300,000 5.3% 33.3% DALBY ~ 34 $221,500 3.0% $238,000-16.5% 25.3% DALBY ^ ~ 11 $363,000-21.1% $410,000-9.1% 28.1% UNITS & TOWNHOUSES TOOWOOMBA (LGA) 54 $240,000 0.8% $242,750 1.9% 17.0% EAST TOOWOOMBA ~ * 7 $214,000-5.5% $225,750-16.2% 20.7% HARRISTOWN ~ * 4 N/A N/A $220,000 N/A 0.0% KEARNEYS SPRING 4 N/A N/A $241,250-4.3% 11.2% NEWTOWN * t 8 $241,500 2.8% $235,000 9.0% 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+ $500,000+ 255 67 9 200 81 13 236 74 22 TOOWOOMBA (LGA) ~ * 57 $135,900 17.2% $138,000 1.1% 45.3% TOOWOOMBA (LGA) ^ ~ * 39 $140,000-9.4% $158,000-1.6% 17.0% GLENVALE * 2 N/A N/A $149,000 9.6% 35.5% GOWRIE JUNCTION ^ * 5 $150,000-2.0% $151,000 7.9% 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% 230 110 27 KLEINTON * 3 N/A N/A $149,500 9.7% N/A 266 97 16 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+ $500,000+ 29 30 20 43 16 18 17 5 0 3 23 6 2 1 2 3 SURROUNDS SOUTHERN DOWNS (LGA) ~ 23 $95,000-5.0% $90,000 0.0% 40.6% SOUTHERN DOWNS (LGA) ^ 20 $152,500 1.7% $150,000 0.0% 50.0% ROSENTHAL HEIGHTS * 5 $97,000 N/A $95,000 N/A N/A WARWICK 10 $101,000 1.0% $95,500 0.0% 36.4% WESTERN DOWNS (LGA) 24 $136,700 1.3% $130,000 15.6% 116.7% 45 26 7 2
21 TOOWOOMBA VACANT LAND continued WESTERN DOWNS (LGA) ^ ~ * 27 $85,000 41.7% $109,000 10.1% 186.8% CHINCHILLA * 14 $135,000-1.8% $135,000 22.8% 104.7% CHINCHILLA ^ * 2 N/A N/A $150,000 28.8% 62.2% DALBY * 6 $140,000 N/A N/A N/A N/A DALBY ^ ~ * 7 $109,500 N/A $110,000 11.1% 39.2% TARA ^ * 9 $40,000 14.3% $39,000-2.5% 105.3% 3 BEDROOM HOUSES continued GOONDIWINDI REGIONAL $250 34 $250 31 4385 BEEBO $170 6 $170 5 4390 BILLA BILLA $260 22 $250 22 SOUTHERN DOWNS REGIONAL $240 129 $235 138 4362 ALLORA $250 8 $250 5 4370 ALLAN $250 62 $240 84 4380 AMIENS $230 37 $220 32 WESTERN DOWNS REGIONAL $270 128 $260 131 4405 BLAXLAND $270 87 $260 76 TOOWOOMBA LAND SALES <$250,000 $250,000+ $350,000+ 4413 BAKING BOARD $320 26 $270 37 4415 BOORTKOI $265 5 $280 9 54 3 0 41 26 73 56 3 1 2 0 5 0 1 0 2 BEDROOM UNITS TOOWOOMBA REGIONAL $210 333 $200 390 4350 ATHOL $210 312 $200 361 4401 ACLAND $170 6 $185 15 GOONDIWINDI REGIONAL $165 26 $160 33 4390 BILLA BILLA $170 23 $165 28 3 BEDROOM HOUSES TOOWOOMBA REGIONAL $270 672 $265 565 4350 ATHOL $275 512 $270 443 4352 AMIENS $310 33 $300 22 4354 DOUGLAS $210 8 4 4355 ANDURAMBA $250 7 $210 8 4356 BONGEEN $230 23 $250 17 4357 BRINGALILY $225 13 $230 8 SOUTHERN DOWNS REGIONAL $185 48 $185 53 4370 ALLAN $195 33 $190 28 4380 AMIENS $160 11 $175 23 WESTERN DOWNS REGIONAL $220 56 $195 47 4405 BLAXLAND $230 35 $190 23 4413 BAKING BOARD $250 13 $250 15 3 BEDROOM TOWNHOUSES TOOWOOMBA REGIONAL $275 17 $275 9 4350 ATHOL $275 17 $275 9 WESTERN DOWNS REGIONAL $440 10 7 4413 BAKING BOARD $575 6 $410 5 4359 ASCOT $250 8 $270 6 4361 BACK PLAINS $220 9 $205 9 4401 ACLAND $230 35 $230 18 4614 NEUMGNA $230 7 $200 10 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 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 2010. 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 $430,000-4.4% $450,000-5.3% 15.4% SUNSHINE COAST (LGA) ^ 111 $553,000 4.3% $560,000-3.4% 17.9% AROONA ~ * 9 $428,000 14.1% $430,000 0.0% 22.0% BATTERY HILL 3 N/A N/A $437,500 6.6% 23.9% BEERWAH 15 $377,000-0.8% $380,000-6.2% 31.0% BLI BLI 14 $374,250 N/A $387,875-4.9% 21.2% BUDDINA ~ f 10 $445,000-1.3% $487,500-28.7% -8.0% BUDERIM ~ 75 $475,000-3.6% $488,000-11.1% 13.5% BURNSIDE 7 $290,500 N/A $378,000-2.9% 35.8% CALOUNDRA WEST 14 $402,500 8.9% $400,000-7.0% 13.8% COOLUM BEACH f 20 $489,500 8.5% $451,050-9.2% 4.9% CURRIMUNDI ~ 26 $355,000-18.4% $397,500-9.2% 8.2% DOONAN ^ ~ 10 $602,500-15.1% $700,000 0.0% 25.0% GLASS HOUSE MOUNTAINS ~ 6 N/A N/A $402,500-7.5% 26.2% GLASS HOUSE MOUNTAINS ^ ~ 5 $410,000-9.6% $463,750-1.3% 15.9% GOLDEN BEACH 15 $395,000-6.7% $427,500-6.8% 10.8% KULUIN 4 N/A N/A $380,000-2.6% 15.0% LANDSBOROUGH 7 $340,000 N/A $359,500-5.7% 19.8% LITTLE MOUNTAIN ~ 34 $415,500-8.2% $442,750-5.8% 16.5% MALENY ~ 7 $445,000 2.3% $434,500-9.5% 22.0% MAROOCHYDORE ~ 17 $430,000 1.2% $435,000-8.2% 13.0% MERIDAN PLAINS 4 N/A N/A $400,000-6.7% 5.5% MINYAMA ~ f 6 N/A N/A $789,000-3.8% -16.9% MOFFAT BEACH 13 $480,000 N/A $552,500-2.0% 27.0% MOOLOOLABA ~ f 11 $510,000 N/A $510,000-19.4% 6.3% MOOLOOLAH VALLEY ^ ~ 4 N/A N/A $569,500 12.8% 38.9% 98 61 55 49 68 SUNSHINE COAST HOUSE SALES <$350,000 $350,000+ $500,000+ $1m+ 259 269 307 322 325 167 154 178 189 168 SUNSHINE COAST UNIT SALES <$250,000 $250,000+ $350,000+ $500,000+ $1m+ 24 20 15 22 26 55 131 102 52 11 41 114 96 63 14 62 118 97 64 22 58 125 102 84 15 46 140 99 77 24
23 sunshine coast HOUSES continued MOUNT COOLUM 8 $426,250-6.8% $465,000-1.1% 27.4% MOUNTAIN CREEK 19 $459,900 2.3% $471,500-4.7% 17.9% NAMBOUR 17 $307,000 0.7% $322,500-6.5% 17.7% NOOSA HEADS + ~ * f 6 N/A N/A $677,500 4.5% -5.9% NOOSAVILLE ~ f 20 $795,000-11.7% $800,000 11.1% 19.9% PALMWOODS ~ 14 $400,000-8.3% $412,500-5.3% 9.7% PARREARRA 15 $572,500-6.3% $580,000 10.5% 19.6% PELICAN WATERS ~ f 22 $530,500-3.1% $565,000-12.2% 6.6% PEREGIAN BEACH ~ f 8 $470,000-16.8% $570,000-7.5% -4.2% PEREGIAN SPRINGS + ~ * 14 $555,000 22.7% $545,000 7.4% 3.8% POMONA ^ 4 N/A N/A $507,500-6.0% 19.4% SIPPY DOWNS 23 $387,500-5.0% $415,000-6.7% 14.6% SUNRISE BEACH 5 N/A N/A $588,750-1.1% 13.3% SUNSHINE BEACH ~ f 2 N/A N/A $892,000 3.4% -30.0% TEWANTIN ~ 19 $380,000-3.3% $405,000-9.4% 6.6% TWIN WATERS 5 N/A N/A $660,000-2.9% 13.8% WARANA 9 $480,000 1.1% $447,500-6.3% 7.8% WOOMBYE 6 N/A N/A $390,000-7.1% 21.5% WURTULLA ~ 15 $417,000-17.9% $447,500-4.3% 24.3% VACANT LAND SUNSHINE COAST (LGA) + * 89 $234,500-3.7% $250,000-2.0% 25.6% SUNSHINE COAST (LGA) ^ 29 $357,500 N/A $365,000-1.4% 28.1% AROONA 5 $230,000 N/A N/A N/A N/A BEERWAH ~ * 4 N/A N/A $186,500-2.0% 20.3% BIRTINYA * 2 N/A N/A $340,000 6.3% 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 $265,000 10.6% N/A NOOSAVILLE f * 5 $291,500 N/A $304,080-3.5% -33.4% PELICAN WATERS f * 8 $287,500 10.6% $310,000-8.8% 9.7% PEREGIAN SPRINGS + ~ * 17 $216,500-5.9% $227,500-13.3% -17.3% WOOMBYE * 3 N/A N/A $203,000-11.7% 16.0% 56 40 26 SUNSHINE COAST LAND SALES <$250,000 $250,000+ $350,000+ $500,000+ 17 22 15 24 11 8 6 4 5 UNITS & TOWNHOUSES 36 39 14 18 8 3 18 9 SUNSHINE COAST (LGA) - ~ 351 $340,000-4.2% $360,000-4.0% 3.7% ALEXANDRA HEADLAND f 18 $370,000 19.4% $300,000-10.4% -9.1% BUDERIM - 25 $340,000-5.6% $385,000 0.0% 22.2% CALOUNDRA * f 23 $330,000-2.9% $380,000-15.6% -2.6% COOLUM BEACH t f 11 $325,000-3.3% $350,000-6.9% -14.6% GOLDEN BEACH f 11 $365,000 N/A $364,000-1.6% -6.7% KINGS BEACH ~ f 22 $400,000 15.1% $405,000-8.6% 2.9% MARCOOLA 9 $360,000 N/A $385,000 7.2% 2.0% MAROOCHYDORE 50 $360,500 5.1% $360,000-2.3% 2.9% MINYAMA 3 N/A N/A $289,500 N/A 15.8% MOOLOOLABA f 21 $330,000-5.7% $350,000-7.9% -5.4% MOUNT COOLUM 4 N/A N/A $335,000-2.9% 13.6% NAMBOUR * t 9 $228,500 26.9% $230,000-19.3% 15.6% NOOSA HEADS - * f 17 $420,000-37.8% $515,000-8.8% -25.0% NOOSAVILLE 35 $335,000-4.3% $358,000-8.2% 8.6% PARREARRA t * f 1 N/A N/A $540,000 37.1% 42.1% PELICAN WATERS - f 4 N/A N/A $390,000-17.0% -10.5% PEREGIAN SPRINGS - * t 5 N/A N/A $418,900 0.2% -27.1% SUNSHINE BEACH ~ f 5 N/A N/A $540,000 2.9% -16.9% WARANA * 9 $280,000 N/A $280,000-11.8% -11.1% 3 BEDROOM HOUSES SUNSHINE COAST REGIONAL $365 1,058 $360 1,032 4518 GLASS HOUSE MOUNTAINS $350 9 $320 12 4519 BEERWAH $320 25 $320 24 4550 LANDSBOROUGH $335 19 $320 9 4551 AROONA $360 169 $350 186 4552 BALD KNOB $350 35 $320 28 4553 DIAMOND VALLEY $350 6 $350 10 4555 CHEVALLUM $360 19 $350 10 4556 BUDERIM $380 102 $380 85 4557 KAWANA ISLAND $385 46 $380 54 4558 COTTON TREE $360 60 $360 41 4559 DIDDILLIBAH $350 22 $350 13 4560 BLI BLI $340 97 $330 103 4561 BRIDGES $350 13 $350 11 4562 BELLI PARK $370 23 $370 8 4563 BLACK MOUNTAIN $340 20 $340 31 4564 MARCOOLA $365 48 $375 49 4565 BOREEN $350 54 $370 47 4566 MUNNA POINT $410 15 $380 21 4567 CASTAWAYS BEACH $440 44 $415 49
24 sunshine coast 3 BEDROOM HOUSES continued 2 BEDROOM UNITS 4568 FEDERAL $330 9 $300 17 4573 COOLUM BEACH $400 91 $370 101 4574 COOLABINE $250 5 3 4575 BIRTINYA $380 116 $380 96 SUNSHINE COAST REGIONAL $295 1,090 $300 960 4519 BEERWAH $130 9 3 4550 LANDSBOROUGH $137 8 1 4551 AROONA $280 198 $290 180 4552 BALD KNOB $250 5 4 4556 BUDERIM $295 58 $284 27 4557 KAWANA ISLAND $280 136 $285 121 4558 COTTON TREE $310 179 $300 172 4559 DIDDILLIBAH $270 15 $270 7 4560 BLI BLI $235 39 $240 47 4564 MARCOOLA $310 61 $300 65 4565 BOREEN $270 14 $255 8 2 BEDROOM UNITS continued 4567 CASTAWAYS BEACH $330 70 $320 65 4572 ALEXANDRA HEADLAND $310 91 $340 83 4573 COOLUM BEACH $300 96 $280 75 4575 BIRTINYA $355 55 $350 39 3 BEDROOM TOWNHOUSES SUNSHINE COAST REGIONAL $360 187 $370 194 4519 BEERWAH $285 6 $300 7 4551 AROONA $330 35 $360 35 4556 BUDERIM $350 21 $380 29 4557 KAWANA ISLAND $380 18 $380 9 4558 COTTON TREE $350 28 $345 22 4560 BLI BLI $360 9 $340 7 4564 MARCOOLA $390 22 $370 15 4566 MUNNA POINT $430 6 $400 13 4567 CASTAWAYS BEACH $370 13 $450 16 4573 COOLUM BEACH $400 21 $400 22 4575 BIRTINYA $350 7 $340 7 4566 MUNNA POINT $320 49 $315 52 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. 171 129 129 147 156 FRASER COAST HOUSE SALES <$350,000 $350,000+ $500,000+ 31 31 40 4 1 51 33 7 8 9
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 $275,000-1.8% $290,000-6.5% 12.0% FRASER COAST (LGA) ^ 38 $346,250-1.1% $366,000-6.8% 16.7% ELI WATERS 6 N/A N/A $319,000-4.5% 11.9% GLENWOOD ^ ~ 6 $167,500 N/A $205,000-8.9% 24.2% GRANVILLE ~ 8 $232,500-11.6% $225,000 1.4% 13.6% KAWUNGAN ~ 13 $295,000-12.2% $325,000-2.0% 7.6% MARYBOROUGH 36 $216,000 0.5% $225,250-2.1% 20.5% PIALBA ~ 10 $242,500-9.9% $275,500-8.5% 1.3% POINT VERNON ~ 20 $283,500 2.9% $295,000-9.2% 7.3% SCARNESS ~ 8 $233,750-27.6% $278,500-7.9% 3.1% TINANA 7 $260,000 N/A $330,000 6.5% 32.0% TOOGOOM 8 $282,000 N/A N/A N/A N/A TORQUAY 14 $294,000 1.4% $310,325-3.0% 7.0% URANGAN * 32 $308,950 8.4% $307,450-5.5% 6.0% URRAWEEN 19 $333,900 4.5% $330,000-2.9% 5.3% SURROUNDS GYMPIE (LGA) ~ 54 $244,250-7.1% $264,000-9.0% 14.8% GYMPIE (LGA) ^ ~ 39 $335,000-10.7% $347,500-4.0% 15.8% GYMPIE ~ 23 $220,000-12.0% $240,000-11.1% 8.1% SOUTHSIDE ~ 12 $315,500 5.5% $305,000-9.0% 13.0% SOUTH BURNETT (LGA) ~ 39 $192,000-12.7% $211,000-10.2% 24.1% SOUTH BURNETT (LGA) ^ ~ 29 $295,000 9.3% $292,500 4.5% 39.3% KINGAROY 19 $250,000 5.5% $246,000-10.4% 23.5% KINGAROY ^ ~ 4 N/A N/A $409,500-0.1% 32.7% NANANGO 7 $185,000 N/A $185,500-17.6% 10.4% FRASER COAST UNIT SALES <$250,000 $250,000+ $350,000+ $500,000+ UNITS & TOWNHOUSES FRASER COAST (LGA) - * f 25 $320,000 20.1% $273,700-5.4% -0.5% 6 13 6 0 PIALBA * f 9 $335,000 N/A $268,000-7.6% 6.6% 10 7 4 1 URANGAN * f 11 $284,400 0.2% $290,000-12.1% 3.6% 13 11 2 1 VACANT LAND 14 8 2 1 FRASER COAST (LGA) ~ * 37 $135,000-18.3% $158,000 1.9% 21.1% 20 14 4 6 FRASER COAST (LGA) ^ ~ * 39 $88,000 13.2% $99,500-6.1% 42.1% GLENWOOD ^ ~ * 18 $79,000 12.9% $78,000-3.7% 50.0% RIVER HEADS ~ 8 $119,000 N/A $137,500-8.3% 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 $169,500 0.4% 16.9% WONDUNNA * 6 $173,750 N/A $175,000 0.0% 16.4% 35 26 2 0 2 0 SURROUNDS GYMPIE (LGA) 8 N/A N/A $128,000 2.4% 36.2% 32 1 1 GYMPIE (LGA) ^ ~ * 14 $154,750 23.8% $140,000-4.3% 16.7% 32 7 4 GYMPIE 3 N/A N/A $130,000 8.3% 44.4% 53 3 0 SOUTHSIDE 2 N/A N/A $130,000 6.6% 41.3%
26 FRASER coast VACANT LAND continued SOUTH BURNETT (LGA) * 22 $86,000 11.0% $80,000 0.0% 72.0% SOUTH BURNETT (LGA) ^ 18 $114,250 4.3% $103,500 5.6% 60.5% HIVESVILLE 5 $20,000 N/A N/A N/A N/A KINGAROY * 10 $117,500 N/A $120,000 9.1% 33.3% MEMERAMBI * 4 N/A N/A $80,000 N/A N/A 3 BEDROOM HOUSES continued SOUTH BURNETT REGIONAL $230 153 $225 118 4605 BARLIL $200 22 $195 21 4606 CHARLESTOWN $210 11 $200 12 4608 CHARLESTOWN $230 7 2 4610 ALICE CREEK $250 74 $250 56 4615 BARKER CREEK FLAT $230 38 $220 24 3 BEDROOM HOUSES FRASER COAST REGIONAL $260 412 $250 408 4650 ALDERSHOT $240 136 $240 137 4655 BOORAL $265 248 $260 247 4659 BEELBI CREEK $245 23 $250 21 4662 TORBANLEA $240 5 3 GYMPIE REGIONAL $250 228 $250 204 4570 AMAMOOR $250 182 $250 165 4580 COOLOOLA $250 32 $240 30 4581 EURONG $300 5 2 4600 BLACK SNAKE $200 5 1 2 BEDROOM UNITS FRASER COAST REGIONAL $210 203 $205 215 4650 ALDERSHOT $180 50 $175 64 4655 BOORAL $220 149 $220 147 GYMPIE REGIONAL $200 52 $190 52 4570 AMAMOOR $195 33 $175 32 4581 EURONG $200 13 $200 11 SOUTH BURNETT REGIONAL $195 61 $190 58 4610 ALICE CREEK $195 52 $190 52 4615 BARKER CREEK FLAT $150 5 4 3 BEDROOM TOWNHOUSES FRASER COAST REGIONAL $300 51 $285 66 4655 BOORAL $300 51 $285 65 GYMPIE REGIONAL $330 12 $270 17 4570 AMAMOOR $330 12 $270 13 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 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 $270,000-3.6% $280,000-1.8% 21.7% BUNDABERG (LGA) ^ ~ 68 $310,500-10.3% $335,000-1.5% 25.5% AVENELL HEIGHTS 9 $295,000 5.4% $280,000 1.4% 21.2% AVOCA ~ 20 $286,500-8.8% $302,500-5.5% 20.0% BARGARA ~ 25 $433,000 17.0% $370,000-2.6% 15.6% BRANYAN ^ ~ 13 $317,100-10.0% $345,500 1.6% 15.2% BUNDABERG EAST 9 $265,000 0.0% $270,000-3.1% 21.3% BUNDABERG NORTH 11 $265,000-1.9% $263,000 3.1% 28.3% BUNDABERG SOUTH ~ 13 $206,500-20.6% $238,000-9.2% 25.3% BUNDABERG WEST ~ 5 N/A N/A $239,500-8.2% 1.9% BURNETT HEADS 4 N/A N/A $275,000-5.6% 14.6% KALKIE 7 $249,000 N/A $347,450-5.8% 29.9% KEPNOCK ~ 9 $225,000-10.0% $265,000-5.4% 15.2% MILLBANK 5 N/A N/A $246,000-4.5% 14.4% NORVILLE * ~ 11 $270,000 19.5% $242,000 3.4% 30.1% SVENSSON HEIGHTS ~ 15 $250,500-5.5% $243,250-7.2% 24.7% THABEBAN 9 $266,000-3.3% $275,000-3.8% 33.5% WALKERVALE ~ 15 $205,000 N/A $212,000-12.5% 18.8% SURROUNDS NORTH BURNETT (LGA) 12 N/A N/A $147,500-7.8% 22.9% UNITS & TOWNHOUSES BUNDABERG (LGA) 31 $270,000-0.7% $259,000 2.4% 12.6% BARGARA * f 7 $254,000 N/A $365,000 13.7% 1.4% KALKIE * 7 $270,000 N/A N/A N/A N/A BUNDABERG HOUSE SALES <$350,000 $350,000+ $500,000+ 157 114 34 132 32 154 34 14 9 7 39 9 VACANT LAND BUNDABERG (LGA) 38 $144,000 3.6% $140,000 0.7% 21.2% BUNDABERG (LGA) ^ ~ * 31 $135,000-12.3% $142,000-2.1% 50.3% ASHFIELD * 2 N/A N/A $144,000 6.7% N/A BARGARA * 6 $173,250 N/A $154,000-3.8% 2.7% BRANYAN * 1 N/A N/A $128,000-7.9% 32.0% BRANYAN ^ * 5 $135,000 N/A N/A N/A N/A 181 42 8 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+ $350,000+ 8 16 5 2 33 3 2 9 12 7 8 2 3 0 3 25 26 0 0 0 1 14 10 2 2 40 1 0 20 12 6 3 44 0 2
28 BUNDABERG 3 BEDROOM HOUSES continued BUNDABERG REGIONAL $265 340 $260 382 4660 ABINGTON $250 20 $250 29 4670 ABBOTSFORD $265 303 $260 341 4671 BOOLBOONDA $210 16 $230 12 NORTH BURNETT REGIONAL $190 38 $185 24 4625 ARANBANGA $220 15 $220 7 2 BEDROOM UNITS 3 BEDROOM TOWNHOUSES BUNDABERG REGIONAL $205 159 $205 160 4670 ABBOTSFORD $205 155 $205 159 BUNDABERG REGIONAL $280 10 $285 10 4670 ABBOTSFORD $280 10 $285 10 4626 BEERON $200 7 $170 7 4630 BANCROFT $145 12 $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+ $500,000+ 28 181 77 135 22 9 29 110 45 10 25 4 27 136 42 020 12 8 61 130 30 13 13 19 6 44 90 27 17 5 4 6
29 GLADSTONE HOUSES GLADSTONE (LGA) 286 $440,000-0.1% $420,000 10.5% 64.7% GLADSTONE (LGA) ^ ~ 34 $583,500 11.1% $525,000 14.1% 63.4% BARNEY POINT 9 $365,000 N/A $337,500 N/A 75.3% BOYNE ISLAND * 31 $459,000-2.3% $458,500 10.2% 60.0% CALLIOPE * 19 $460,000 4.4% $417,500 13.3% 84.7% CLINTON 41 $430,000-2.3% $418,000 8.6% 60.8% GLEN EDEN ~ 19 $449,000-6.8% $455,000 2.5% 84.0% KIN KORA 15 $472,000-1.4% $420,000 13.5% 66.8% NEW AUCKLAND * ~ 35 $478,000 9.9% $434,000 16.7% 72.2% SOUTH GLADSTONE ~ 17 $395,000-27.5% $390,000 13.0% 69.6% SUN VALLEY ~ 14 $422,500 24.3% $379,000 N/A 67.1% TANNUM SANDS ~ f 22 $473,000-1.9% $462,750-3.6% 36.1% TELINA * 10 $456,000 0.8% $447,000 0.4% 56.8% TOOLOOA 8 $373,750 N/A $350,000 N/A 85.7% WEST GLADSTONE 26 $399,500-0.1% $392,000 13.9% 71.6% SURROUNDS BANANA (LGA) ~ 18 $290,000 21.8% $270,000 0.0% 25.6% BILOELA 11 $270,000 0.0% $277,500-2.6% 20.7% UNITS & TOWNHOUSES GLADSTONE (LGA) - * f t 67 $341,000-23.2% $355,000 12.7% 89.3% GLADSTONE CITY * f 10 $305,500 N/A $362,275 0.6% 135.8% SOUTH GLADSTONE * t 14 $297,500 N/A $300,000 20.0% 138.1% TANNUM SANDS 6 N/A N/A $318,500 N/A N/A TELINA * t 9 $490,000 5.9% $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 $225,000 4.7% $200,000 11.1% 73.9% GLADSTONE (LGA) ^ ~ * 48 $215,000-14.0% $225,000 18.4% 80.0% AGNES WATER ~ f 6 $181,000 20.7% $170,000 N/A -6.2% AGNES WATER ^ ~ 9 $165,000-2.9% $150,000-21.1% 0.0% BENARABY ^ * 8 $242,500 N/A $240,000 N/A 108.7% BOYNE ISLAND * 10 $272,500 N/A $228,000 14.0% 93.2% CALLIOPE * 8 $188,250 1.8% $176,000 13.5% 151.4% CALLIOPE ^ * 5 $250,000 N/A $212,000 15.5% 92.7% CLINTON * 29 $210,000 N/A $197,450 N/A 97.6% GLEN EDEN ~ * 9 $249,000 6.0% $214,000 16.3% 76.5% KIRKWOOD * 14 $260,000 18.2% $220,000 22.3% N/A NEW AUCKLAND * 15 $210,000 20.7% $192,000 N/A 70.7% SOUTH GLADSTONE * 7 $227,000 N/A $195,000-3.7% 89.8% 3 BEDROOM HOUSES GLADSTONE REGIONAL $430 203 $330 270 4677 AGNES WATER $300 26 $260 15 4680 BARMUNDU $450 172 $330 252 BANANA SHIRE $300 77 $280 49 4715 BILOELA $320 42 $300 29 4718 BAUHINIA $300 28 $280 13 2 BEDROOM UNITS GLADSTONE REGIONAL $320 161 $240 184 4677 AGNES WATER $260 7 3 4680 BARMUNDU $320 153 $250 181 BANANA SHIRE $220 21 $220 18 4715 BILOELA $220 16 $220 13 3 BEDROOM TOWNHOUSES GLADSTONE REGIONAL $550 16 $340 26 4680 BARMUNDU $550 15 $340 26 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+ $350,000+ 75 52 47 6 88 57 27 4 14 0 5 2 1 4 2
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+ $500,000+ 188 91 173 77 14 125 69 21 142 59 18 162 62 22 22 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+ $500,000+ 7 12 9 8 6 8 3 10 16 7 0 3 3 0 9 2 19 7 11 4
31 ROCKHAMPTON HOUSES ROCKHAMPTON (LGA) 301 $312,000-0.1% $317,500-0.8% 35.1% ROCKHAMPTON (LGA) ^ ~ 45 $480,000 13.6% $465,000 10.7% 36.8% ALLENSTOWN ~ 12 $347,500 19.0% $262,500-5.8% 40.0% BERSERKER 23 $230,500-3.2% $242,000 0.4% 30.8% FRENCHVILLE 36 $341,000 8.3% $328,750-2.3% 27.4% GRACEMERE 38 $322,500-5.8% $330,000 0.6% 24.5% GRACEMERE ^ ~ 6 $590,000 11.3% $457,500 N/A 20.4% KAWANA 10 $306,000-4.4% $305,000-1.6% 23.5% KOONGAL ~ 17 $249,000-7.8% $247,000-10.2% 20.5% LAMMERMOOR + * 5 N/A N/A $435,000-0.6% 13.0% MOUNT MORGAN ~ 8 $137,500 1.9% $127,500-14.4% 31.4% NORMAN GARDENS * 37 $390,000 1.2% $434,500 4.7% 34.7% PARK AVENUE 16 $270,000 3.8% $260,000-5.1% 23.8% PARKHURST 4 N/A N/A $197,500-3.7% 31.7% TARANGANBA ~ 11 $420,000 21.7% $378,000-2.8% 15.9% THE RANGE ~ 15 $313,000-6.8% $340,000-14.5% 19.3% VACANT LAND ROCKHAMPTON (LGA) + * 77 $150,000 0.0% $139,000-4.8% 11.2% ROCKHAMPTON (LGA) ^ ~ * 46 $210,000-5.8% $210,000-4.5% 47.9% BARMARYEE ^ * 8 $250,250 N/A N/A N/A N/A GRACEMERE 15 $135,000-0.7% $135,000 6.7% 35.0% GRACEMERE ^ 7 $185,000 N/A $185,000 N/A 27.6% LAMMERMOOR + * 18 $177,500-5.3% $139,000-10.3% 6.9% MULAMBIN + * 4 N/A N/A $194,000 20.7% 29.3% NORMAN GARDENS * 8 $178,000 11.3% $180,000 3.2% 40.6% ROCKYVIEW ^ ~ * 5 $180,000-20.4% N/A N/A N/A TANBY ^ * 7 $230,000 N/A N/A N/A N/A YEPPOON * G 11 $150,000 0.0% $150,000-1.0% 7.9% ZILZIE 4 N/A N/A $175,000 2.9% 12.9% SURROUNDS CENTRAL HIGHLANDS (LGA) ~ * 16 $150,000 42.9% $136,500 9.2% 19.2% EMERALD * 9 $150,000 5.6% $147,500 13.5% 25.5% WANDAL 14 $280,500-4.9% $286,000 2.5% 29.4% WEST ROCKHAMPTON 9 $255,000 N/A $260,000 2.0% 32.7% YEPPOON ~ f 22 $357,500-16.3% $392,000 8.9% 26.5% ZILZIE 6 N/A N/A $356,000 N/A 7.9% SURROUNDS CENTRAL HIGHLANDS (LGA) 126 $375,000 2.5% $370,000 9.5% 32.1% CENTRAL HIGHLANDS (LGA) ^ 16 $412,500 N/A $497,500 10.6% 38.2% BLACKWATER ~ * 42 $371,250 7.6% $357,500 17.2% 49.0% CAPELLA ~ * 11 $289,000-3.7% $288,500 20.2% 44.3% EMERALD ~ * 63 $425,000 7.7% $400,000 6.7% 24.0% EMERALD ^ 7 $639,000-0.2% $569,000 3.9% 18.8% UNITS & TOWNHOUSES ROCKHAMPTON (LGA) - * 26 $289,500 7.2% $289,000 3.2% 41.0% YEPPOON - * f t 7 $290,000-17.1% $317,500-16.4% 19.4% SURROUNDS CENTRAL HIGHLANDS (LGA) 15 $285,000 N/A $295,000 2.6% 11.1% EMERALD 12 $282,500 N/A $295,000 2.6% 11.1% 3 BEDROOM HOUSES 2 BEDROOM UNITS ROCKHAMPTON REGIONAL $310 443 $300 483 4700 ALLENSTOWN $280 76 $280 113 4701 BERSERKER $310 170 $300 203 4702 ALBERTA $330 87 $300 62 4703 ADELAIDE PARK $320 78 $310 71 4710 EMU PARK $330 19 $295 18 4714 BAREE $180 12 $180 15 CENTRAL HIGHLANDS REGIONAL $500 129 $415 117 4717 BLACKWATER $650 42 $525 38 4720 EMERALD $460 75 $390 65 4723 CAPELLA $450 9 $330 7 ROCKHAMPTON REGIONAL $240 279 $225 295 72 56 47 76 ROCKHAMPTON LAND SALES <$250,000 $250,000+ $350,000+ 1 2 1 1 4 3 1 0 4700 ALLENSTOWN $240 55 $250 75 4701 BERSERKER $230 145 $220 137 4702 ALBERTA $190 6 $150 9 4703 ADELAIDE PARK $290 69 $270 69 CENTRAL HIGHLANDS REGIONAL $380 88 $275 51 4720 EMERALD $400 79 $275 46 4723 CAPELLA $240 7 3 3 BEDROOM TOWNHOUSES ROCKHAMPTON REGIONAL $330 11 $295 6 70 3 0 CENTRAL HIGHLANDS REGIONAL $480 16 6 4720 EMERALD $470 13 $455 6
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 2011. 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+ $500,000+ 61 148 56 14 22 13 1 53 148 43 9 18 5 6 59 147 49 11 20 8 2 53 164 59 9 19 9 4 77 148 54 20 26 9 7 TOWNSVILLE HOUSE SALES TOWNSVILLE UNIT SALES
33 ROCKHAMPTON MACKAY HOUSES MACKAY (LGA) 265 $410,000-0.8% $410,000 2.5% 17.1% MACKAY (LGA) ^ 48 $491,000-1.8% $490,000-1.8% 26.9% ANDERGROVE 19 $390,000-4.9% $393,000-0.5% 10.7% BEACONSFIELD 15 $408,000-1.0% $408,000-0.5% 21.8% BLACKS BEACH 2 N/A N/A $480,000 5.5% 9.1% BUCASIA 8 $448,750 1.4% $431,500 0.3% 13.9% EAST MACKAY ~ * 10 $446,000 10.1% $437,000 9.9% 15.0% EIMEO 15 $449,000 1.5% $449,500 3.5% 16.4% GLENELLA ~ 19 $478,000-12.3% $496,000-5.5% 9.9% MACKAY 8 $458,000 N/A N/A N/A N/A MARIAN 10 $457,500 N/A $425,000-1.3% 59.5% MOUNT PLEASANT ~ 19 $430,000-9.5% $430,000-2.9% 5.8% NORTH MACKAY 16 $344,000-0.9% $350,000 3.6% 20.4% OORALEA ~ 8 $535,000 11.7% $505,000 9.5% 32.0% RURAL VIEW 12 $511,000 7.0% $460,000-3.2% 10.8% SARINA 5 N/A N/A $308,000 1.3% 18.7% SLADE POINT 12 $405,000-2.6% $380,000 2.4% 19.1% SOUTH MACKAY 20 $362,500-0.3% $370,000 1.4% 15.6% VACANT LAND MACKAY (LGA) + * 126 $175,000 0.0% $178,000-2.7% 6.1% MACKAY (LGA) ^ 14 $251,250 N/A $290,000 9.4% 23.4% ARMSTRONG BEACH * 6 $150,000 N/A $150,000 N/A N/A BEACONSFIELD * 10 $211,202 0.4% $210,900 N/A N/A BLACKS BEACH * f 9 $188,000 9.8% $185,000-2.1% -29.5% BUCASIA 13 $175,000 0.0% $175,000 6.1% 15.6% EIMEO * 6 $177,000 N/A $181,500 N/A -8.1% MARIAN ~ * 15 $156,000-6.0% $163,250 9.6% 37.2% MIRANI 8 $126,500 4.1% $125,000 5.0% 20.8% NORTH MACKAY 9 $175,000 N/A $170,000-3.4% N/A OORALEA * 1 N/A N/A $178,500-8.2% -2.2% RURAL VIEW * 12 $201,500 N/A $210,000 11.1% 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 $148,500 23.2% 104.5% MORANBAH ~ * 3 N/A N/A $168,000 34.7% 131.4% WALKERSTON 11 $376,000-2.6% $435,000-3.9% 13.0% WEST MACKAY ~ 25 $340,000-8.8% $365,000-2.7% 12.0% SURROUNDS ISAAC (LGA) 86 $520,750 13.3% $460,000 8.2% 48.4% WHITSUNDAY (LGA) ~ * 20 $134,500 3.5% $143,750-8.1% -4.2% BOWEN * 9 $140,000-2.6% $148,000-10.3% 18.4% CANNONVALE * 5 $123,500 13.6% $125,000-21.1% -39.5% CLERMONT ~ M 16 $235,000-6.0% $240,000-18.6% 33.3% DYSART 22 $488,500 5.7% $465,000 13.0% 63.2% MORANBAH * 45 $615,000 25.5% $500,500 11.2% 49.0% MACKAY LAND SALES <$250,000 $250,000+ $350,000+ WHITSUNDAY (LGA) ~ 64 $330,000 10.9% $350,000-5.3% 26.1% 123 1 2 WHITSUNDAY (LGA) ^ ~ 17 $438,000 N/A $450,000-8.6% 12.5% BOWEN ~ 14 $333,500 11.2% $350,000 0.0% 32.1% CANNONVALE ~ 14 $442,000-11.2% $436,000-3.1% 3.8% COLLINSVILLE * 16 $182,500 N/A $171,250-7.4% 39.8% JUBILEE POCKET 3 N/A N/A $390,000 N/A -0.6% 69 20 37 68 4 1 7 5 3 1 13 3 PROSERPINE ~ * 5 N/A N/A $305,500-14.9% 18.9% UNITS & TOWNHOUSES MACKAY (LGA) 50 $302,500-2.1% $308,000-2.2% 22.7% MACKAY ~ f 16 $282,500-16.9% $287,500-0.9% 25.0% SOUTH MACKAY 9 $320,000 N/A $291,500-5.0% 13.0% SURROUNDS WHITSUNDAY (LGA) - * f 16 $414,500 N/A $331,000-4.1% 4.5% AIRLIE BEACH - * f 5 N/A N/A $422,500-0.6% 0.0% CANNONVALE * t 6 N/A N/A $275,000-20.3% -7.1% TOWNSVILLE LAND SALES 3 BEDROOM HOUSES MACKAY REGIONAL $420 365 $380 374 4737 ARMSTRONG BEACH $400 29 $360 42 4740 ALEXANDRA $420 266 $385 271 4741 BALL BAY $370 20 $335 13 4750 BUCASIA $430 22 $390 24 4751 GREENMOUNT $385 10 $340 6 4754 BENHOLME $420 5 $350 8
34 MACKAY mackay 3 BEDROOM HOUSES continued 2 BEDROOM UNITS continued ISAAC REGIONAL $1,200 114 $600 154 ISAAC REGIONAL $950 15 $260 16 4721 CLERMONT $400 9 $400 15 4744 MORANBAH $1,200 70 $650 83 4745 DYSART $1,200 27 $800 39 WHITSUNDEY REGIONAL $330 180 $340 157 4800 ANDROMACHE $300 37 $300 36 4802 AIRLIE BEACH $350 57 $360 43 4804 COLLINSVILLE $280 27 $300 18 4805 BINBEE $340 59 $350 60 4744 MORANBAH $225 5 4 4746 GERMAN CREEK $950 8 1 WHITSUNDEY REGIONAL $260 192 $260 168 4800 ANDROMACHE $200 22 $230 19 4802 AIRLIE BEACH $260 124 $280 105 4803 HAMILTON ISLAND $490 11 1 4804 COLLINSVILLE $400 6 3 4805 BINBEE $260 29 $260 40 2 BEDROOM UNITS MACKAY REGIONAL $315 284 $285 281 4737 ARMSTRONG BEACH $260 9 $230 19 4740 ALEXANDRA $320 262 $290 242 4750 BUCASIA $280 11 $270 10 3 BEDROOM TOWNHOUSES MACKAY REGIONAL $450 37 $390 32 4740 ALEXANDRA $450 33 $395 29 4744 MORANBAH $1,500 7 1 WHITSUNDEY REGIONAL $335 25 $340 27 4802 AIRLIE BEACH $335 21 $340 19 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+ $500,000+ 179 181 41 33 32 23 9 145 197 42 22 20 22 6 145 162 42 26 29 19 10 170 234 63 26 44 18 17 178 214 57 22 31 21 11
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 $358,000-5.8% $372,500-1.5% 34.3% TOWNSVILLE CITY (LGA) ^ ~ 44 $432,500-8.0% $441,750 1.2% 31.9% AITKENVALE 13 $328,000 3.6% $335,000-2.5% 26.4% ALICE RIVER ^ ~ 8 $449,500-12.7% $472,000-3.8% 24.2% ANNANDALE 34 $442,500-4.1% $458,000-2.0% 25.8% BOHLE PLAINS * 13 $420,000-3.0% $438,000-6.8% N/A BURDELL * 16 $400,000-1.2% $413,250 7.3% 49.9% BUSHLAND BEACH ~ * 22 $388,500-7.3% $412,000-3.1% 14.8% CONDON ~ 8 $278,000-20.0% $327,500-2.8% 21.3% CRANBROOK 11 $300,000-3.2% $322,500-3.3% 33.0% CURRAJONG ~ 7 $280,000 14.8% $280,000-10.8% 14.3% DEERAGUN 13 $350,000 N/A $345,375-1.3% 52.1% HOUSES continued HERMIT PARK ~ 9 $335,000-16.3% $380,000 1.6% 26.7% IDALIA ~ f 13 $417,000-14.2% $490,000 0.5% 25.1% KELSO ^ 6 $408,750 N/A $442,000 0.5% 30.0% KELSO ~ * 20 $346,000-10.1% $346,000 8.1% 48.2% KIRWAN * 50 $348,500-5.9% $359,500-6.6% 20.4% MOUNT LOUISA ~ * 24 $438,500 11.7% $415,000 3.8% 27.5% MUNDINGBURRA 8 $392,500 3.9% $373,500 0.3% 22.7% NORTH WARD ~ 5 N/A N/A $555,000-5.1% -4.3% RAILWAY ESTATE ~ 13 $326,500 N/A $330,000-9.6% 20.0% THURINGOWA CENTRAL ~ 3 N/A N/A $302,500-12.3% 31.5% VINCENT 7 $273,000-3.2% $280,000-1.8% 22.8% WEST END ~ 9 $270,000-6.9% $347,500-10.9% 26.6% WULGURU 14 $313,500-2.0% $312,500-3.0% 23.5% SURROUNDS BURDEKIN (LGA) 22 $208,250-0.8% $230,000-4.2% 53.3% AYR 12 $217,500 0.0% $257,500 3.0% 56.1% CHARTERS TOWERS (LGA) 22 $247,500 N/A $217,500 9.3% 81.3% LISSNER 6 N/A N/A $205,000 5.7% 70.8% HINCHINBROOK (LGA) 12 N/A N/A $250,000-4.9% 59.2% INGHAM 5 N/A N/A $232,500-1.1% 60.3% UNITS & TOWNHOUSES TOWNSVILLE CITY (LGA) - * 97 $320,000 4.4% $316,000-1.6% 23.9% HERMIT PARK 8 $225,750 N/A $225,000-5.3% 32.4% KIRWAN * t 3 N/A N/A $274,500-10.7% 29.2% NORTH WARD ~ f 21 $295,000-13.5% $360,000-2.2% 29.0% ROSSLEA ~ 7 $320,000 N/A $285,000-18.6% 25.6% SOUTH TOWNSVILLE * f 18 $345,735-13.1% $380,020 1.9% 12.8% TOWNSVILLE CITY * f 12 $392,500 N/A $397,500-30.1% -5.4% WEST END 3 N/A N/A $276,000-4.8% 43.8% VACANT LAND TOWNSVILLE CITY (LGA) * 81 $160,000-1.8% $160,900-2.5% 36.4% TOWNSVILLE CITY (LGA) ^ 7 N/A N/A $222,000-0.2% 70.8% BOHLE PLAINS * 5 $165,000 9.6% $157,500-10.0% 40.1% BURDELL * 2 N/A N/A $168,800-19.8% 89.1% BUSHLAND BEACH 13 $155,000 3.3% $154,000-0.6% 42.6% DEERAGUN * 7 $145,500-8.1% $160,900 N/A 96.8% IDALIA * 4 N/A N/A $257,950-4.1% 53.6% KELSO ~ * 5 $159,000 N/A $124,200-16.1% 15.1% MOUNT LOUISA * 14 $172,000-1.7% $172,950 1.7% 23.5% MOUNT LOW * 12 $157,500-2.8% $150,500-5.3% 14.0% DOUGLAS 20 $374,000-2.5% $401,000-5.6% 26.6% GARBUTT 5 N/A N/A $273,000 N/A 13.8% GULLIVER 8 $293,750 N/A $306,000 5.9% 30.1% HEATLEY 7 $285,000 N/A $289,750-3.4% 26.0%
36 TOWNSVILLE 3 BEDROOM HOUSES 2 BEDROOM UNITS TOWNSVILLE CITY $340 750 $330 678 TOWNSVILLE CITY $275 766 $275 755 4810 BELGIAN GARDENS $350 63 $350 67 4811 CLUDEN $330 28 $325 26 4812 CURRAJONG $340 63 $335 78 4814 AITKENVALE $340 249 $330 214 4815 CONDON $330 118 $310 111 4816 ALLIGATOR CREEK $350 9 $280 13 4817 ALICE RIVER $360 138 $345 91 4818 BEACH HOLM $340 70 $330 65 4819 ARCADIA $310 12 $300 13 BURDEKIN SHIRE $250 70 $250 66 4806 ARKENDEITH $230 23 $220 12 4807 AIRVILLE $250 44 $260 47 CHARTERS TOWERS REGIONAL $250 46 $250 47 4820 ALABAMA HILL $250 46 $250 47 HINCHINBROOK SHIRE $260 39 $250 37 4850 ABERGOWRIE $260 39 $250 37 4810 BELGIAN GARDENS $300 381 $300 395 4811 CLUDEN $340 30 $335 25 4812 CURRAJONG $255 183 $250 197 4814 AITKENVALE $260 98 $260 78 4815 CONDON $255 16 $220 12 4817 ALICE RIVER $255 42 $300 33 4819 ARCADIA $260 13 $250 11 BURDEKIN SHIRE $200 47 $190 41 4806 ARKENDEITH $200 11 $170 5 4807 AIRVILLE $200 35 $190 36 CHARTERS TOWERS REGIONAL $210 17 $185 19 4820 ALABAMA HILL $210 17 $185 19 HINCHINBROOK SHIRE $150 29 $160 34 4850 ABERGOWRIE $150 29 $160 34 2 BEDROOM TOWNHOUSES TOWNSVILLE CITY 285 42 270 42 4810 BELGIAN GARDENS 295 15 295 17 4812 CURRAJONG 280 19 260 16 4814 AITKENVALE 320 5 260 6 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. 164 121 113 148 166 CAIRNS HOUSE SALES <$350,000 $350,000+ $500,000+ 92 106 139 132 165 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. 27 48 42 55 55
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 2009. 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 $350,500 1.2% $360,000-2.7% 18.0% CAIRNS (LGA) ^ 20 $615,000 N/A $592,500-0.4% 18.5% BAYVIEW HEIGHTS 14 $368,000 N/A $360,000 1.2% 14.8% BENTLEY PARK ~ 11 $279,000-10.0% $315,000-8.2% 12.5% BRINSMEAD 24 $392,500-4.3% $395,000-2.7% 14.8% BUNGALOW 7 $285,000 N/A N/A N/A N/A CLIFTON BEACH 5 N/A N/A $470,000-4.1% 22.1% EARLVILLE 3 N/A N/A $307,000-2.5% 9.6% EDGE HILL ~ 14 $404,000-5.5% $439,000-10.1% 19.5% EDMONTON ~ 21 $305,000 3.0% $311,250-6.7% 19.4% GORDONVALE ~ 12 $254,000-20.6% $280,000-8.5% 17.9% HOLLOWAYS BEACH ~ f 8 $402,500 N/A $448,000 30.2% 19.5% KEWARRA BEACH ~ f 16 $417,000 33.4% $381,000-5.9% 16.3% MANOORA ~ 4 N/A N/A $255,000-15.0% 4.1% MANUNDA ~ 5 N/A N/A $278,500-8.7% 5.1% MOOROOBOOL ~ 18 $320,500 18.7% $328,000-10.6% 23.8% MOUNT SHERIDAN 28 $330,000 1.5% $331,500-5.3% 12.4% REDLYNCH ~ 16 $380,000 3.5% $390,000-9.3% 8.3% SMITHFIELD 12 $336,250 N/A $357,000-3.3% 23.5% TRINITY BEACH 24 $372,500 2.1% $373,500-3.0% 15.8% TRINITY PARK + ~ 13 $450,000 18.4% $390,000 0.0% 38.1% WHITE ROCK 10 $277,500 N/A $278,000-1.2% 15.8% WHITFIELD ~ 11 $450,000 13.6% $453,000 5.0% 24.1% SURROUNDS CASSOWARY COAST (LGA) ~ f 37 $207,500 7.1% $230,000-14.4% 15.0% TABLELANDS (LGA) 27 $281,000 4.1% $285,000-1.7% 31.3% TABLELANDS (LGA) ^ ~ 32 $365,000-1.4% $370,000-9.8% 13.5% ATHERTON 5 N/A N/A $305,000-4.7% 22.0% KURANDA ^ ~ 6 $422,500 N/A $420,000-9.7% 11.3% MAREEBA 12 $286,500 2.3% $285,000 0.0% 49.2% CAIRNS UNIT SALES <$250,000 $250,000+ $350,000+ $500,000+ CAIRNS LAND SALES <$250,000 $250,000+ $350,000+ 87 30 20 4 53 1 3 71 24 17 9 47 3 2 66 30 10 10 31 3 1 124 46 24 25 45 2 5 119 56 32 21 53 6 8
38 MACKAY CAIRNS UNITS & TOWNHOUSES CAIRNS (LGA) - * f 141 $219,000-2.7% $238,000-10.2% 5.8% BUNGALOW 6 N/A N/A $199,698 N/A 24.8% CAIRNS CITY * f 8 $380,000-1.9% $409,750-8.5% 20.5% CAIRNS NORTH * f 16 $231,250-2.1% $256,250-19.9% -1.4% EARLVILLE 3 N/A N/A $255,000-3.2% 75.9% MANOORA ~ t 16 $169,500 13.0% $162,500-16.7% -4.4% MANUNDA * 8 $155,000 N/A $165,000-14.8% 10.7% MOOROOBOOL 4 N/A N/A $190,000-2.6% 21.0% PALM COVE - * 9 $260,000 5.3% $325,000-7.8% -29.7% PARRAMATTA PARK 3 N/A N/A $245,000-4.9% 6.5% PORT DOUGLAS - * f t 8 $290,000 N/A $285,000-14.9% -15.6% TRINITY BEACH - * f 12 $260,000 9.0% $270,000-8.8% 16.1% YORKEYS KNOB 6 N/A N/A $210,000-10.6% 14.8% VACANT LAND CAIRNS (LGA) 57 $170,000 0.9% $172,500 2.1% 50.0% CAIRNS (LGA) ^ ~ 10 $162,500 N/A $240,000-12.7% 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 $165,000-17.5% 50.0% REDLYNCH * 6 $172,500-3.6% $175,000 0.0% 28.7% SMITHFIELD ~ * 3 N/A N/A $175,000-9.8% -1.1% TRINITY BEACH * 9 $170,000 4.6% $170,000-2.3% -10.5% TRINITY PARK + * 4 N/A N/A $186,500 9.7% -7.4% SURROUNDS CASSOWARY COAST (LGA) 16 $120,500 N/A $145,000 7.4% 45.0% 3 BEDROOM HOUSES 2 BEDROOM UNITS 4852 BINGIL BAY $400 34 $320 20 4854 BILYANA $300 10 $280 20 4858 COMOON LOOP $250 5 0 4860 BAMBOO CREEK $260 55 $250 44 TABLELANDS REGIONAL $280 168 $270 165 4872 BARRINE $275 7 $200 5 4880 ARRIGA $280 53 $265 66 4881 KOAH $340 16 $300 8 4882 TOLGA $280 6 4 4883 ATHERTON $280 41 $275 44 4884 LAKE BARRINE $290 15 $290 11 4885 BUTCHERS CREEK $265 11 $270 7 4887 HERBERTON $250 8 $250 5 4888 EVELYN $250 11 $250 13 CAIRNS REGIONAL $250 1,042 $250 1,176 4865 GOLDSBOROUGH $200 5 $190 7 4868 BAYVIEW HEIGHTS $220 99 $220 87 4869 BENTLEY PARK $220 15 $200 18 4870 AEROGLEN $250 606 $250 703 4873 BAILEY CREEK $180 8 $180 14 4877 CRAIGLIE $270 74 $270 97 4878 BARRON $240 101 $265 89 4879 BUCHAN POINT $270 134 $250 161 CASSOWARY COAST REGIONAL $210 81 $200 93 4849 CARDWELL $425 10 $185 9 4852 BINGIL BAY $270 23 $210 20 4854 BILYANA $225 5 $215 20 TABLELANDS (LGA) ~ * 12 $90,000 N/A $101,000-3.8% 37.4% TABLELANDS (LGA) ^ ~ 12 $175,875-31.6% $170,000-8.1% 36.0% MAREEBA ~ * 5 $95,000 N/A $95,000-3.6% 37.7% 3 BEDROOM HOUSES CAIRNS REGIONAL $300 528 $300 552 4861 BABINDA $170 6 4 4865 GOLDSBOROUGH $290 20 $260 17 4868 BAYVIEW HEIGHTS $300 93 $300 96 4869 BENTLEY PARK $285 87 $285 85 4870 AEROGLEN $320 177 $320 169 4860 BAMBOO CREEK $180 43 $185 41 TABLELANDS REGIONAL $200 73 $190 64 4880 ARRIGA $200 33 $190 26 4883 ATHERTON $210 28 $200 27 4487 ST GEORGE $150 5 $155 8 2 BEDROOM TOWNHOUSES CAIRNS REGIONAL 235 132 230 163 4868 BAYVIEW HEIGHTS 220 12 220 19 4869 BENTLEY PARK 195 10 220 13 4870 AEROGLEN 240 54 220 62 4877 CRAIGLIE 290 17 260 19 4878 BARRON 225 19 230 34 4879 BUCHAN POINT 275 18 250 15 4873 BAILEY CREEK $260 33 $290 22 4877 CRAIGLIE $360 13 $320 14 4878 BARRON $305 44 $310 51 4879 BUCHAN POINT $340 55 $320 94 CASSOWARY COAST REGIONAL $290 116 $270 101 4849 CARDWELL $355 8 $270 13
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 $240,000-11.4% $270,000 3.8% 61.0% ROMA 38 $266,250-3.2% $285,000 0.4% 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 $265 14 $250 18 4730 BRIXTON $265 14 $250 17 CLONCURRY SHIRE $350 19 $350 14 MURWEH (LGA) 6 N/A N/A $138,500-9.5% 73.1% CHARLEVILLE ~ 6 N/A N/A $140,000-15.7% 53.0% NORTH WEST MOUNT ISA (LGA) 52 $340,000-3.3% $350,000 0.6% 72.6% HEALY 5 N/A N/A $412,000 8.4% 71.7% MORNINGTON 1 N/A N/A $352,500 8.9% 78.5% PIONEER 8 $320,000 N/A $317,500 N/A 81.4% SOLDIERS HILL 10 $352,500 N/A $340,000-1.0% 75.5% SUNSET 4 N/A N/A $331,000-1.8% 54.0% TOWNVIEW 4 N/A N/A $362,500 5.8% 83.1% VACANT LAND SOUTH WEST MARANOA (LGA) ~ * 11 $149,000 N/A $130,000 33.3% 165.3% ROMA ~ * 8 $162,500 N/A $137,500 27.9% 129.2% 3 BEDROOM HOUSES SOUTH WEST BALONNE SHIRE $230 24 $200 28 4487 ST GEORGE $230 20 $200 24 4824 CLONCURRY $350 19 $350 14 FLINDERS SHIRE $135 11 $150 5 4821 HUGHENDEN $135 11 $150 5 NORTH WEST MOUNT ISA CITY $495 106 $450 83 4825 ALEXANDRIA $495 106 $450 83 FAR NORTH COOK SHIRE $250 40 $250 30 4871 ALMADEN $230 24 $250 22 4874 EVANS LANDING $600 8 1 4895 BLOOMFIELD $250 8 $300 7 2 BEDROOM UNITS SOUTH WEST MARANOA REGIONAL $230 21 $200 19 4455 ANGELLALA $230 20 $200 16 MURWEH $155 11 6 4470 CHARLEVILLE $155 11 $150 5 4730 BRIXTON $190 9 $160 10 NORTH WEST MOUNT ISA CITY $350 78 $320 90 4825 ALEXANDRIA $350 78 $320 90 MARANOA REGIONAL $350 61 $320 65 4455 ANGELLALA $360 51 $340 56 MURWEH $220 12 $210 13 4470 CHARLEVILLE $220 12 $210 13
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%
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 (www.pricefinder.com.au). 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) 2011. 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 www.reiq.com 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) www.rta.qld.gov.au 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 49 009 661 287 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 07 3249 7347. DATA REPORT DATE: 4 November 2011 PUBLISHED: 9 December 2011 The Real Estate Institute of Queensland Ltd. Copyright 2011 21 Turbo Drive, Coorparoo, PO Box 1555, Coorparoo DC Q 4151 Ph: (07) 3249 7347 Fax: (07) 3249 6211 Email: research@reiq.com.au
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: Email: 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: 07 3249 6201 Phone: 07 3249 7301 Email: research@reiq.com.au Postal Address: PO Box 1555, Coorparoo DC QLD 4151 For more information and to book: reiq.com 07 3249 7347 profdev@reiq.com.au Bookings essential as places are strictly limited OFFICE USE ONLY. ID INV AUTH DATE SENT