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PROPERTY WATCH® REPORT
GOLD COAST Surfers Paradise
Fourth Quarter 2013MARSDEN
4th QUARTER 2015
PROPERTY FACTSHEET
Overview
*IMAGE*6.5cm HIGH
10.6cm WIDE
LOGAN CITY LGA PRICE GROWTH
OVERVIEW
Located approx. 5.9km South of the
Logan City, Marsden is a predominantly
a residential suburb. It is a popular
young family suburb as population of
age 0 – 4 years old makes up 10.4% of
the suburb population.
Project development in Marsden and
its surrounding suburbs in 2015 is
valued at approx. $38 million, 77.0%
of which is focused on residential
development. This is driven mainly by
the expected completion of over 150
units and townhouses.
Two major developments are the
Second Avenue Townhouses, with an
estimated value of approx. $8 million;
and the Aldi Supermarket Marsden,
valued at $2 million. Construction of
both projects is expected to be
completed at the end of Q1 2016.
MARKET CONDITIONSMedian prices in Marsden in the twelve months period to September 2015
sat at $335,000 for houses and $330,500 for units, with annual growth
recorded at 6.7% and 0.5% respectively. Logan City LGA recorded median
prices of $380,050 (houses) and $240,000(units) however with lower annual
growth of 2.7% and -5.9% for houses and units.
Average days on the market has decreased over the past twelve months,
with Q3 2015 house sales recorded at 65 days and unit sales at 3 days for
the suburb. The rental market is also experiencing a steep decline in
average days on market, currently sat at 39 days for houses and 43 days for
units. This suggests increased demand for both sales and rental properties.
Average vendor discounting has decreased over the past twelve months,
standing at all time low of -2.0% for house sales and -6.2 for unit sales. This
suggests Marsden is on its way to becoming a sellers market, with buyers
offering and/or prepared to buy closer towards a property’s first asking
price. Investors will do well in Marsden with house rental yield of 6.2% and
unit rental yield of 5.3%.
FUTURE DEVELOPMENTS
Change from Last YearHalf
Year
House Sales
House Median
House Rents
Unit Sales
Unit Median
Unit Rent
KEY MARKET INDICATORS
Source: Cordell Database, APM Pricefinder, Logan
City Regional Council, QPZM
$0$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000
0
1000
2000
3000
4000
5000
6000
Oct' 10 - Sep'11
Oct' 11 - Sep'12
Oct' 12 - Sep'13
Oct' 13 - Sep'14
Oct' 14 - Sep'15
House Unit Vacant Land
Median House Price Median Unit Price Median Land Price
AVERAGE VENDOR DISCOUNT
AREA XXXXXX AREA XXXXXX
SALES AND MEDIAN PRICE
*Disclaimer: Market Comparison table displays annual median prices, from October 2005 to September 2015
Source: APM Pricefinder, Real Estate Institute of Australia
KEY FACTS UNIT
MARKET COMPARISON YEARLY TO SEP 2015*
Average vendor discount reflects the
average percentage difference
between first list price and final sold
price. A lower percentage difference
suggests buyers are willing to
purchase close to the first asking price
of a property.
COMMENT-3
.6%
-4.1
%
-5.5
%
-2.7
%
-2.0
%
-11.7
0%
-15.7
% -11.2
% -6.2
%
-18.0%
-16.0%
-14.0%
-12.0%
-10.0%
-8.0%
-6.0%
-4.0%
-2.0%
0.0%
Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015
Ch
an
ge
fro
m L
isti
ng
to
Sa
le
Pri
ce
House Unit
Marsden Loganlea Crestmead Logan City LGA
House Unit House Unit House Unit House Unit
Period # Price # Price # Price # Price # Price # Price # Price # Price
Oct’ 05 – Sep’ 06 256 $230,000 21 $155,000 129 $239,000 21 $146,000 321 $228,000 4 $201,000 6,084 $277,000 1,567 $175,000
Oct’ 06 – Sep’ 07 333 $280,000 19 $219,000 159 $275,000 88 $279,000 410 $269,000 16 $260,000 7,370 $320,000 2,060 $215,000
Oct’ 07 – Sep’ 08 248 $322,000 8 $217,000 93 $313,000 18 $236,000 248 $302,000 1 $260,000 5,090 $359,000 1,300 $255,000
Oct’ 08 – Sep’ 09 260 $315,000 27 $350,000 93 $310,000 49 $305,000 297 $305,000 9 $285,000 5,484 $358,000 1,371 $264,000
Oct’ 09 – Sep’ 10 137 $325,000 25 $355,000 77 $330,000 20 $239,000 187 $315,000 6 $265,000 3,823 $386,000 964 $275,000
Oct’ 10 – Sep’ 11 167 $325,000 54 $324,000 53 $310,000 25 $239,000 123 $290,000 3 $240,000 2,971 $373,000 787 $300,000
Oct’ 11 – Sep’ 12 158 $310,000 104 $329,000 53 $286,000 32 $316,000 112 $280,000 5 $224,000 3,112 $360,000 923 $305,000
Oct’ 12 – Sep’ 13 132 $299,000 79 $331,000 75 $302,000 42 $296,000 165 $275,000 6 $186,000 3,585 $359,000 933 $262,000
Oct’ 13 – Sep’ 14 194 $314,000 111 $329,000 103 $310,000 25 $242,000 198 $295,000 7 $272,000 4,536 $370,000 1,272 $255,000
Oct’ 14 – Sep’ 15 217 $335,000 102 $330,500 123 $350,000 30 $207,500 204 $305,000 7 $300,000 4,824 $380,050 1,281 $240,000
Overview
Heading
Source: APM Pricefinder, Real Estate Institute of Queensland
AVERAGE DAYS ON MARKETMedian Sale Price (Q3 2015): $335,000
Annual Growth: +6.7%
Average Days on Market: 65
% Change between First Listed Price
and Sold Price: -2.0%
SALES AND MEDIAN PRICE
KEY FACTS HOUSE
KEY FACTS UNIT
53 49 49 4565
118
0
74
118
30
20
40
60
80
100
120
140
Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015
Ave
rag
e D
ays
on
Ma
rke
t
House Unit Overall Trend
45
65
49
64 62
42
2732
23 2427 28
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
0
10
20
30
40
50
60
70
Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015
Me
dia
n P
rice
Nu
mb
er
of
Sale
s
House Sales Unit Sales Median House Price Median Unit Price
Median Sale Price (Q3 2015): $330,500
Annual Growth: +0.5%
Average Days on Market: 3
% Change between First Listed Price
and Sold Price: -6.2%
Overview
RENTAL MARKET ANALYSIS KEY FACTS HOUSE
Median Rent Price (Q3 2015): $ 363
Suburb Rental Yield: +6.2%
Average Days on Market: 39
Bedroom Breakdown:
2 Bed: 1%, 3 Bed: 42%, 4+ Bed: 57%
Median Rent Price (Q3 2015): $ 340
Suburb Yield: +5.3%
Average Days on Market: 43
Bedroom Breakdown:
1 Bed: 0%, 2 Bed: 40%, 3+ Bed: 60%
KEY FACTS UNIT
RENTALS AND MEDIAN RENT
KEY FACTSInterest in Marsden property market is recorded at 90 online visits per
property. Postcode 4132 area vacancy rate has remained stable for the
past 12 months, recorded at 1.8% in September 2015. Marsden median
house rent displays stable trend despite increasing number of house
rental property. This indicates that investors can look forward to a stable
return in Marsden.
HOUSE UNIT
Source: SQM Research, RealEstate.com.au, APM Pricefinder, Rental Tenancy Authority Queensland
PROJECT DEVELOPMENT MAP 2015*
Commercial Infrastructure Residential
Location Project Title TypeEstimated
Value**
Commence
Date
1 Chambers Flat Road Duplexes Residential $9,500,000 15/12/2015
2 Second Avenue Townhouses Residential $8,000,000 15/03/2015
3 Lancaster Grove Townhouses Residential $3,600,000 3/07/2015
4 Second Avenue Units Stages 1 - 4 Residential $3,000,000 1/11/2015
5 Second Avenue Townhouses Residential $2,500,000 22/03/2015
6 Macarthy Road Townhouses Residential $1,200,000 3/12/2015
7 Jarvis Road Townhouses Residential $1,100,000 11/05/2015
8 Third Avenue 17 Lot Subdivision Stage 1 Residential $680,000 20/04/2015
9 Brisbane - Beenleigh Road Roadworks Infrastructure $490,000 30/03/2015
10 Calcium Court Service Station Commercial $2,000,000 30/09/2015
11 Aldi Supermarket Marsden Commercial $2,000,000 30/10/2015
12 Hungry Jacks Restaurant Marsden Commercial $1,200,000 20/07/2015
13 Calcium Street Warehouse/Office Commercial $1,000,000 20/02/2015
14 Above Groud Pool Sales Warehouse Extension Commercial $1,000,000 3/09/2015
15 Caltex Service Station Commercial $900,000 14/08/2015
16 Beer Wine Spirits (BWS) Marsden Bottle Shop Commercial $250,000 6/01/2015
$29.6 M
$8.4 M
$0.5 M
*Disclaimer: Project development map showcases a sample of upcoming projects only, due to accuracy of addresses provided by the data provider for geocoding purposes.
**Estimated value is the value of land and construction costs provided by relevant data authority, it does not reflect the project’s sale /commercial value
Source: Cordell Database, PRDnationwide, ESRI, HERE, DeLorme, OpenStreetMap, Queensland Department of Natural Resources and Mines
Overview
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