qmm issue 10 lj gilland_re
TRANSCRIPT
www.reiq.com.au
Y O U R S T A T E - W I D E P R O P E R T Y R E S E A R C H G U I D E - S U B U R B B Y S U B U R B
www.reiq.com.auIssue 10
Proud to be a REIQ Individual Member
MARKETMONITORQ
UE
EN
SLA
ND
Linda Jane DebelloLicencee / Director L.J. GILLAND REAL ESTATE
Buyer’stake your pick
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 2
MARKETMONITORQ
UE
EN
SLA
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CONTENTS
reiq.com now features a Queensland listing portal offered exclusively to REIQ accredited agencies*
at no additional cost to their membership.
reiq.com is now available for you to upload your properties for sale and rent.
See page 38 for more information.
07 3249 7347 | [email protected]
ONLINE LISTINGSTOO MUCHPAYING
FOR ?
reiq.com is here
*Not available to individual members
MARCH QUARTER 2011 STATE-WIDE SUMMARY
QUEENSLAND - PRICEPOINTS
2815
2524
2153
3597
3491
3047
2309
2143
1923
224
229
146
SEP 10
DEC 10
MAR 11
QUEENSLAND HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
Source: REIQ, data provided by PriceFinder
623
606
491
1228
1053
959
1192
1072
985
638
598
434
121
128
78
SEP 10
DEC 10
MAR 11
QUEENSLAND UNIT SALES
<$250,000 <$350,000 <$500,000 <$1m $1m+
Source: REIQ, data provided by PriceFinder
1277
1029
663
216
135
140
82
54
46
38
25
32
6
5
8
SEP 10
DEC 10
MAR 11
QUEENSLAND LAND SALES
<$250,000 <$350,000 <$500,000 <$1m $1m+
Source: REIQ, data provided by PriceFinder
Median house and unit prices The natural disasters earlier this year, coupled with the higher interest rate environment, resulted in a weaker March quarter for Queensland residential property.
The impact of the floods was keenly felt in affected Brisbane suburbs over the period with many suburbs not recording enough preliminary sales for a reliable median house price to be calculated.
Out of about 50 Brisbane suburbs reportedly flood-affected earlier this year, only 17 recorded the minimum of 10 preliminary sales required for a median house price to be calculated.
Over the March quarter, the Queensland property market remained soft with sales numbers down about 14 per cent compared to the December quarter last year.
The Brisbane median house price decreased 1.9 per cent to $515,000 over the quarter. Preliminary sales numbers were down about 15 per cent on the previous quarter.
The Gold Coast’s median house price remained steady at $490,000 over the quarter and was also one of the few areas across the state to record a stable number of preliminary sales.
Bucking the trend across the State was Gladstone, which has continued its strong run due to the development of liquefied natural gas (LNG) in the region. Its median house price increased 5.1 per cent to $415,000 over the March quarter.
The resources sector is also assisting the market in Rockhampton which also recorded positive median house price growth – up 3.8 per cent to $325,000 over the period – as well as a steady number of sales.
The unit and townhouse market was also not immune from Queensland’s summer of disasters and patchy economic conditions.
Median unit and townhouse prices eased across much of South East Queensland during the first three months of 2011.
State-wide Summary.................................. page 2
Regional Overview
[Houses, Units & Townhouses, Vacant land, Rents]
Brisbane City.......................................... page 4 Brisbane Surrounds.............................. page 9 Gold Coast City..................................... page 13 Toowoomba Regional........................... page 16 Sunshine Coast Regional...................... page 17 Fraser Coast Regional.......................... page 20 Bundaberg Regional.............................. page 21 Gladstone Regional............................... page 23 Rockhampton Regional......................... page 24 Mackay Regional.................................... page 26 Townsville City........................................ page 27 Cairns Regional...................................... page 29 Other Regional Areas............................ page 31
Rental Yields................................................... page 35
Vacancy Rates............................................... page 35
Explanatory Notes........................................ page 36
Research Methodology............................. page 36
CONTENTS
Please see page 36 for legend and further notes
LOCAL GOVERNMENT AREA Median Change
House Sale over qtr
www.reiq.com.auIssue 10 - March Quarter 2011 page 3
BRISBANE CITYMARCH QUARTER 2011 STATE-WIDE SUMMARY
QUEENSLAND - PRICEPOINTS
2815
2524
2153
3597
3491
3047
2309
2143
1923
224
229
146
SEP 10
DEC 10
MAR 11
QUEENSLAND HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
Source: REIQ, data provided by PriceFinder
623
606
491
1228
1053
959
1192
1072
985
638
598
434
121
128
78
SEP 10
DEC 10
MAR 11
QUEENSLAND UNIT SALES
<$250,000 <$350,000 <$500,000 <$1m $1m+
Source: REIQ, data provided by PriceFinder
1277
1029
663
216
135
140
82
54
46
38
25
32
6
5
8
SEP 10
DEC 10
MAR 11
QUEENSLAND LAND SALES
<$250,000 <$350,000 <$500,000 <$1m $1m+
Source: REIQ, data provided by PriceFinder
QUEENSLAND - PRICEPOINTS
2815
2524
2153
3597
3491
3047
2309
2143
1923
224
229
146
SEP 10
DEC 10
MAR 11
QUEENSLAND HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
Source: REIQ, data provided by PriceFinder
623
606
491
1228
1053
959
1192
1072
985
638
598
434
121
128
78
SEP 10
DEC 10
MAR 11
QUEENSLAND UNIT SALES
<$250,000 <$350,000 <$500,000 <$1m $1m+
Source: REIQ, data provided by PriceFinder
1277
1029
663
216
135
140
82
54
46
38
25
32
6
5
8
SEP 10
DEC 10
MAR 11
QUEENSLAND LAND SALES
<$250,000 <$350,000 <$500,000 <$1m $1m+
Source: REIQ, data provided by PriceFinder
While a number of regional centres recorded positive growth over the quarter, this was mainly due to the construction of new unit or townhouse developments, or the sale of more expensive existing stock, in these areas over the period.
Unit and townhouse sales across Queensland are down about 15 per cent, impacted by lower numbers of first home buyers and investors, who are the type of buyers usually the most interested in the more affordable segment of the market.
The prestige market is also struggling with the number of preliminary sales of units and townhouses for more than $1 million across Queensland dropping about 40 per cent compared to the December quarter.
The median unit and townhouse price in Brisbane eased 1.4 per cent to $395,000 over the quarter. On the Gold and Sunshine coasts, the median unit price decreased 2.7 per cent to $355,000 and 2.1 per cent to $350,000 respectively.
Positive median price growth was recorded for the Toowoomba, the Fraser Coast, Rockhampton and Townsville local government areas over the March quarter.
Over the period, there was an increase in sales in higher-priced stock in Toowoomba and the Fraser Coast which pushed up the median sale price.
Rockhampton and Townsville both recorded median price increases of 4.5 per cent over the period. As Rockhampton’s unit market continues to be quite small, this result was due to higher priced unit sales in Yeppoon, while sales in new waterfront developments in North Ward and South Townsville have underpinned that region’s result over the quarter.
Median land prices The lack of available land for development continues to constrain the market in Brisbane with just 69 preliminary land sales recorded over the March quarter.
The median price for vacant Brisbane land under 2,400m² decreased 17.3 per cent to $275,000 over the quarter, however this was affected by the varying quality of stock, and the varying number of new land stock, sold over the period.
The median price of vacant land on the Sunshine Coast increased 20.8 per cent to $290,000 over the March quarter however this figure was also impacted by the higher number of new stock, and waterfront stock, sold over the period.
The median price of vacant land in Gladstone increased 5.5 per cent to $195,000 over the period. A new development in Calliope attracted 22 preliminary land sales over the period and helped push its median price up 12.1 per cent to $185,000.
Median rents Queensland’s residential rental market has absorbed the impacts from this year’s natural disasters however demand is starting to tighten in some areas due to lower buyer activity.
The REIQ’s March residential rental survey found vacancy rates have continued to tighten over the past six months as more and more buyers stay on the sidelines.
The rental survey found vacancy rates for the Brisbane City local government area tightened in March, coming in at 1.8 per cent, down from 2.6 per cent in September last year.
The growth of LNG is driving demand for rental property in Gladstone which recorded a residential vacancy rate of 1.4 per cent in March.
SOUTHEAST QUEENSLAND
BRISBANE (SD) $440,000 -2.2%
BRISBANE CITY (LGA) $515,000 -1.9%
IPSWICH CITY (LGA) $325,250 4.9%
LOGAN CITY (LGA) $352,250 -2.2%
MORETON BAY (LGA) $380,000 -2.6%
REDLAND CITY (LGA) $439,500 -2.8%
GOLD COAST CITY (LGA) $490,000 0.0%
SUNSHINE COAST (LGA) $450,500 0.1%
MAJOR REGIONAL CENTRES
BUNDABERG (LGA) ~ $280,000 -1.8%
CAIRNS (LGA) $367,000 1.7%
FRASER COAST (LGA) $295,000 -1.1%
GLADSTONE (LGA) $415,000 5.1%
MACKAY (LGA) $396,000 -5.7%
ROCKHAMPTON (LGA) $325,000 3.8%
TOOWOOMBA (LGA) ~ $292,250 -5.0%
TOWNSVILLE CITY (LGA) $369,000 -2.9%
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 4
MARKETMONITORQ
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CONTENTSBRISBANE CITY
Median house and unit prices The impact of the Queensland floods was keenly felt in affected Brisbane suburbs over the March quarter with many suburbs not recording enough preliminary sales for a reliable median house price to be calculated.
QMM statistics show that out of about 50 Brisbane suburbs reportedly flood-affected earlier this year, only 17 recorded a minimum of 10 preliminary sales to allow a median house price to be calculated. The biggest drops in preliminary sales occurred in Moorooka, Graceville and Kenmore when compared to the December quarter last year.
Many would-be sellers in these areas have wisely either taken their homes off the market – even if they were not flooded – or decided they will ride out any market reaction to properties in flood-affected areas.
Indeed, while some affected Brisbane suburbs did record a drop in preliminary sales, a number of others that were partially flooded continued to record steady sales over the quarter, which is a testament to the continued desirability of living in locations such as New Farm and West End.
However, about 75 per cent of Brisbane was not affected by the floods and these areas are continuing to record steady sales and results.
The Brisbane median house price decreased 1.9 per cent to $515,000 over the quarter. Preliminary sales numbers were down about 15 per cent on the previous quarter.
Steady performers over the quarter included Cannon Hill, up 9.1 per cent to $540,000 as well an increase in the number of preliminary sales; Ferny Grove, up 6.9 per cent to $480,000; and Stafford and Stafford Heights, up 5.3 per cent to $515,000 and 5.6 per cent to $467,500 respectively.
Local agents say there is very little first home buyer or investor activity with sellers still adjusting to the fact that they must meet the market on price to make a sale. Days on market are generally between 60 to 90 days.
The median unit and townhouse price in Brisbane decreased 1.4 per cent to $395,000 over the quarter. Preliminary sales numbers were down about 15 per cent on the previous quarter.
Vacant land pricesJust 69 preliminary land sales were recorded for the Brisbane City region over the March quarter.
The median price for land under 2,400m² decreased 17.3 per cent to $275,00 over the quarter, however this was affected by the varying quality of stock, and the varying number of new land stock, sold over the period.
Heathwood, Moggill and Fitzgibbon recorded the most sales of vacant land over the period due to new developments in these areas.
Median rentsThe REIQ March rental survey, as well as statistics released by the Residential Tenancies Authority (RTA), showed that in March the Brisbane rental market, while tighter, was not as dire as many had predicted.
The survey found vacancy rates for the Brisbane City local government area tightened in March, coming in at 1.8 per cent, down from 2.6 per cent in September last year.
RTA statistics for the start of this year largely illustrate drops in bonds lodged in suburbs directly affected by the floods, while January in general was a quieter month across the Brisbane area as many renters chose to stay put following the floods.
The median rent for a three-bedroom house in Brisbane increased $10 per week to $390 between March 2011 and March last year. The median rent for a two-bedroom unit increased $10 per week to $375 over the same period.
BRISBANE (SD) ~ 3,423 $440,000 -2.2% $455,000 3.4% 42.2%
BRISBANE (SD) ^ ~ 245 $550,000 0.0% $580,000 2.7% 32.6%
BRISBANE CITY (LGA) 1,808 $515,000 -1.9% $535,000 4.9% 45.4%
BRISBANE CITY (LGA) ^ ~ 37 $850,000 -2.9% $1,077,500 16.5% 47.6%
ACACIA RIDGE ~ 16 $304,500 -4.8% $325,000 -3.7% 38.3%
ALDERLEY 13 $690,000 N/A $649,250 8.2% 61.9%
ALGESTER 22 $414,500 -2.5% $416,000 0.5% 41.0%
ANNERLEY ~ 17 $577,000 -6.8% $595,000 11.2% 52.7%
ASCOT 9 N/A N/A $1,200,000 8.6% 36.4%
ASHGROVE ~ 27 $662,500 -9.9% $690,000 2.8% 52.1%
ASPLEY 31 $450,000 -2.7% $465,000 0.4% 36.4%
AUCHENFLOWER 6 N/A N/A $768,500 -0.4% 43.1%
BALD HILLS ~ 14 $395,000 -1.1% $390,000 -3.7% 46.5%
BALMORAL 7 N/A N/A $798,000 13.4% 57.2%
BANYO ~ 16 $395,000 -8.4% $426,000 4.5% 52.7%
BARDON ~ 19 $583,000 -24.5% $747,500 2.2% 46.9%
BELLBOWRIE 8 N/A N/A $475,000 3.3% 39.7%
BELMONT 6 N/A N/A $630,000 11.0% 66.9%
BOONDALL 9 N/A N/A $420,000 1.2% 33.7%
BRACKEN RIDGE 43 $400,000 5.1% $415,000 0.1% 36.1%
BRIDGEMAN DOWNS ~ 12 $627,500 -8.7% $686,000 0.7% 31.9%
BRIGHTON ~ 24 $371,250 -6.3% $398,000 -0.5% 36.5%
BULIMBA 9 N/A N/A $915,000 8.9% 27.1%
CALAMVALE ~ 34 $459,000 -6.1% $500,900 2.0% 42.1%
CAMP HILL ~ 41 $574,000 -15.9% $643,000 7.2% 50.9%
CANNON HILL ~ 16 $540,000 9.1% $570,000 9.9% 54.1%
CARINA 21 $520,000 2.0% $515,000 7.5% 47.1%
CARINA HEIGHTS 5 N/A N/A $509,000 -2.1% 43.4%
CARINDALE 21 $680,000 0.1% $695,000 2.8% 37.6%
CARSELDINE ~ 10 $472,500 -7.4% $497,500 -3.4% 35.6%
CHAPEL HILL ~ 22 $591,500 -14.3% $650,000 3.2% 40.5%
CHELMER 1 N/A N/A $881,000 -1.0% 48.8%
CHERMSIDE 5 N/A N/A $457,500 1.7% 34.6%
CHERMSIDE WEST 17 $452,500 -2.7% $475,000 5.6% 48.4%
CLAYFIELD 11 $860,000 -4.4% $935,000 9.7% 46.1%
COOPERS PLAINS 5 N/A N/A $440,000 3.5% 57.1%
COORPAROO 25 $690,000 2.1% $663,000 3.8% 44.4%
HOUSES
Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
MEDIAN SALES DATA
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 5
BRISBANE CITY
HOUSES
Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
MEDIAN SALES DATA
HOUSES continued
MEDIAN SALES DATASuburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
HO
USE PRICEPO
INTS - SA
LES NU
MBERS BY PRICE RA
NG
E
137
121
118
780
799
697
1177
1064
910
124
147
83
SEP 10
DEC 10
MAR 11
BRISBANE CITY HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
815
718
586
1009
885
779
328
291
244
16
20
6
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
24
20
25
433
376
371
332
318
350
49
37
36
SEP 10
DEC 10
MAR 11
GOLD COAST HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
68
49
55
322
307
269
189
178
154
26
15
20
SEP 10
DEC 10
MAR 11
SUNSHINE COAST HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
181
154
132
42
39
32
8
9
7
SEP 10
DEC 10
MAR 11
BUNDABERG HOUSE SALES<$350,000 $350,000+ $500,000+
166
148
113
165
139
106
55
55
48
SEP 10
DEC 10
MAR 11
CAIRNS HOUSE SALES<$350,000 $350,000+ $500,000+
156
147
129
51
40
31
9
7
1
SEP 10
DEC 10
MAR 11
FRASER COAST HOUSE SALES<$350,000 $350,000+ $500,000+
44
61
27
90
130
136
27
30
42
SEP 10
DEC 10
MAR 11
GLADSTONE HOUSE SALES<$350,000 $350,000+ $500,000+
178
170
145
214
234
162
57
63
42
SEP 10
DEC 10
MAR 11
TOWNSVILLE HOUSE SALES<$350,000 $350,000+ $500,000+
77
53
59
148
164
147
54
59
49
SEP 10
DEC 10
MAR 11
MACKAY HOUSE SALES<$350,000 $350,000+ $500,000+
162
142
125
62
59
69
22
18
21
SEP 10
DEC 10
MAR 11
ROCKHAMPTON HOUSE SALES<$350,000 $350,000+ $500,000+
266
230
236
97
110
74
16
27
22
SEP 10
DEC 10
MAR 11
TOOWOOMBA HOUSE SALES<$350,000 $350,000+ $500,000+
CORINDA 9 N/A N/A $590,000 2.6% 43.0%
DARRA 5 N/A N/A $355,000 2.9% 47.9%
DEAGON 11 $389,000 N/A $421,250 7.3% 54.3%
DOOLANDELLA * 10 $436,500 -4.1% $440,000 22.2% 69.2%
DREWVALE 8 N/A N/A $487,000 3.6% 42.1%
DURACK 5 N/A N/A $389,000 9.9% 55.6%
EAST BRISBANE 5 N/A N/A $658,000 -0.7% 50.4%
EIGHT MILE PLAINS 23 $550,000 0.0% $600,000 2.7% 46.9%
ENOGGERA ~ * 13 $540,000 -9.2% $582,500 14.2% 55.4%
EVERTON PARK 31 $505,000 -3.5% $505,000 11.4% 53.0%
FAIRFIELD 4 N/A N/A $590,000 -1.3% 45.9%
FERNY GROVE 10 $480,000 6.9% $495,000 3.1% 40.2%
FIG TREE POCKET ~ 4 N/A N/A $787,500 -6.0% 67.2%
FITZGIBBON 9 N/A N/A $416,000 1.5% 41.0%
FOREST LAKE 58 $400,000 3.4% $397,000 1.8% 38.6%
GEEBUNG 9 N/A N/A $455,000 4.6% 56.4%
GORDON PARK 10 $571,501 N/A $582,550 2.1% 23.6%
GRACEVILLE 3 N/A N/A $705,000 9.3% 52.9%
GRANGE ~ 11 $750,000 2.7% $650,000 -12.5% 49.8%
GREENSLOPES 11 $578,000 5.1% $567,500 0.4% 45.1%
HAMILTON ~ 2 N/A N/A $1,012,500 -13.2% 24.6%
HAWTHORNE ~ 5 N/A N/A $772,000 -9.1% 25.2%
HEMMANT 6 N/A N/A $427,500 0.5% 39.0%
HENDRA 8 N/A N/A $800,000 3.9% 70.2%
HIGHGATE HILL 5 N/A N/A $797,500 5.9% 31.8%
HOLLAND PARK 16 $502,063 -4.4% $531,000 4.7% 41.6%
HOLLAND PARK WEST ~ 12 $587,500 12.4% $580,000 10.5% 63.4%
INALA ~ 17 $275,000 -7.7% $290,000 -1.7% 52.6%
INDOOROOPILLY ~ 14 $575,750 -28.3% $703,750 12.8% 32.8%
JAMBOREE HEIGHTS 10 $398,750 N/A $415,500 -2.2% 34.0%
JINDALEE 11 $504,999 3.7% $515,750 12.0% 54.0%
KEDRON 20 $547,500 4.0% $546,175 11.0% 58.3%
KELVIN GROVE 5 N/A N/A $650,000 5.2% 49.4%
KENMORE 16 $529,250 3.8% $545,000 3.8% 41.6%
KEPERRA 13 $415,000 -3.5% $435,250 1.5% 49.6%
KURABY 9 N/A N/A $539,000 5.9% 31.5%
LOTA 14 $462,500 N/A $469,000 -1.0% 35.5%
MACGREGOR 7 N/A N/A $535,000 4.3% 40.8%
MACKENZIE 7 N/A N/A $650,000 4.8% 35.4%
MANLY 8 N/A N/A $655,500 -0.2% 47.2%
MANLY WEST ~ 19 $482,000 -13.5% $506,000 4.3% 42.5%
MANSFIELD 10 $507,500 -1.4% $508,000 2.2% 47.0%
MCDOWALL ~ 13 $570,000 8.6% $580,000 7.4% 43.6%
MIDDLE PARK 3 N/A N/A $529,500 3.2% 39.3%
MITCHELTON 23 $516,750 0.3% $528,500 4.7% 63.6%
MOGGILL 3 N/A N/A $481,000 3.2% 30.4%
MOOROOKA ~ 15 $455,000 -6.7% $499,000 4.0% 51.2%
MORNINGSIDE ~ 18 $595,000 10.2% $608,600 4.9% 58.1%
MOUNT CROSBY ^ 3 N/A N/A $590,000 N/A 53.2%
MOUNT GRAVATT 8 N/A N/A $485,000 -1.0% 49.2%
MOUNT GRAVATT EAST 23 $475,000 2.2% $475,000 2.2% 40.5%
MURARRIE 13 $651,000 N/A $495,000 7.6% 46.2%
NEW FARM ~ 8 N/A N/A $1,185,000 24.7% 53.9%
NEWMARKET 5 N/A N/A $715,000 12.4% 66.3%
NORMAN PARK 9 N/A N/A $698,750 4.1% 57.2%
NORTHGATE ~ 14 $477,500 N/A $480,000 -3.9% 45.9%
NUDGEE 7 N/A N/A $487,000 3.3% 62.3%
NUNDAH 13 $575,000 3.6% $577,500 2.2% 52.8%
OXLEY 7 N/A N/A $450,000 2.3% 52.3%
PADDINGTON 14 $695,000 -0.7% $790,000 8.7% 51.2%
PARKINSON 29 $515,000 0.9% $527,500 6.9% 40.7%
PULLENVALE ^ ~ 1 N/A N/A $1,112,500 20.8% 42.6%
RED HILL 8 N/A N/A $665,000 -2.2% 40.9%
RIVERHILLS 10 $459,500 0.4% $446,500 6.3% 49.0%
ROBERTSON 7 N/A N/A $680,000 2.0% 32.6%
ROCKLEA ~ 2 N/A N/A $352,500 -6.6% 50.0%
RUNCORN ~ 22 $416,750 -5.2% $430,000 1.2% 43.5%
SALISBURY ~ 11 $410,250 -9.4% $450,000 2.3% 44.5%
SANDGATE 8 N/A N/A $527,500 -1.4% 43.5%
SEVEN HILLS 5 N/A N/A $585,000 1.6% 42.6%
SEVENTEEN MILE ROCKS ~ 6 N/A N/A $575,000 15.9% 36.1%
SHERWOOD 7 N/A N/A $718,000 5.6% 52.1%
SHORNCLIFFE 0 N/A N/A $640,000 -0.8% 62.0%
SINNAMON PARK 11 $600,000 N/A $625,000 3.7% 48.8%
ST LUCIA ~ 7 N/A N/A $1,095,000 15.3% 67.4%
STAFFORD 19 $515,000 5.3% $494,250 9.8% 59.4%
STAFFORD HEIGHTS 20 $467,500 5.6% $466,500 1.4% 45.3%
STRETTON ~ 10 $592,500 N/A $618,750 -6.3% 40.3%
SUNNYBANK 18 $503,000 -11.1% $535,170 3.1% 41.0%
SUNNYBANK HILLS ~ 23 $466,000 -5.0% $485,000 0.8% 43.1%
TAIGUM 12 $419,000 N/A $444,000 -1.3% 36.1%
TARINGA 9 N/A N/A $745,000 1.9% 35.5%
TARRAGINDI 22 $567,500 3.2% $576,000 4.7% 51.6%
THE GAP 24 $539,500 5.8% $551,500 4.1% 41.4%
TINGALPA 12 $421,000 -2.1% $430,000 0.0% 43.8%
TOOWONG 13 $687,000 -1.9% $691,000 7.1% 50.4%
UPPER KEDRON 16 $547,500 N/A $540,000 0.6% 31.4%
UPPER MOUNT GRAVATT 19 $455,000 4.4% $471,750 2.8% 52.2%
VIRGINIA 6 N/A N/A $436,500 -1.6% 45.5%
WAKERLEY 22 $602,500 -1.9% $615,000 0.8% 38.2%
WAVELL HEIGHTS 32 $553,250 2.5% $546,500 6.5% 53.9%
WEST END 5 N/A N/A $792,500 1.6% 59.5%
WESTLAKE 6 N/A N/A $630,000 7.7% 45.7%
WILSTON ~ 5 N/A N/A $855,625 -3.3% 50.1%
WINDSOR ~ 12 $592,500 -19.4% $685,000 5.1% 63.1%
WISHART ~ 13 $467,000 -5.2% $523,500 0.2% 41.5%
WOOLLOONGABBA 7 N/A N/A $669,000 13.4% 75.8%
WOOLOOWIN ~ 6 N/A N/A $749,000 15.7% 69.2%
WYNNUM ~ 32 $461,250 -8.2% $520,000 5.1% 40.5%
WYNNUM WEST 22 $450,500 5.3% $439,500 -1.7% 39.5%
YERONGA 3 N/A N/A $673,000 -1.8% 37.3%
ZILLMERE 11 $370,000 -3.6% $385,000 -1.9% 44.3%
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 6
MARKETMONITORQ
UE
EN
SLA
ND
CONTENTSBRISBANE CITY
VACANT URBAN LAND
UNITS & TOWNHOUSES UNITS & TOWNHOUSES continued
Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
BRISBANE (SD) 1,211 $373,000 -1.8% $380,000 3.3% 38.2%
BRISBANE CITY (LGA) 922 $395,000 -1.4% $410,000 4.1% 37.1%
ALDERLEY ~ * 16 $406,500 18.7% $401,275 11.8% 64.8%
ALGESTER * 3 N/A N/A $347,000 8.4% 20.5%
ANNERLEY * 15 $405,000 7.3% $379,500 2.8% 65.0%
ASCOT ~ 17 $412,000 -5.9% $409,500 5.7% 35.0%
ASHGROVE 7 N/A N/A $400,000 -1.8% 15.7%
ASPLEY 10 $360,500 N/A $367,250 -0.7% 44.3%
AUCHENFLOWER 8 N/A N/A $435,000 0.9% 19.2%
BARDON ~ * 3 N/A N/A $599,000 6.0% 77.5%
BOWEN HILLS 1 N/A N/A $420,000 -1.8% 23.2%
BRACKEN RIDGE * 1 N/A N/A $357,000 2.1% N/A
BRIDGEMAN DOWNS * 2 N/A N/A $369,500 N/A N/A
BRISBANE CITY * f 60 $447,500 -7.7% $469,000 7.8% 18.7%
BULIMBA * 7 N/A N/A $550,000 4.8% 38.4%
CALAMVALE ~ * 15 $367,000 9.6% $357,500 2.2% 66.3%
CARINA * 21 $390,000 N/A $430,000 3.0% 28.0%
CARINA HEIGHTS * 9 N/A N/A $413,000 -7.2% 38.1%
CARINDALE 5 N/A N/A $517,000 1.9% N/A
CAROLE PARK * 4 N/A N/A $330,000 N/A N/A
CHERMSIDE 26 $432,000 4.1% $431,500 4.0% 44.1%
CLAYFIELD 24 $359,000 6.1% $357,000 -2.2% 40.0%
COORPAROO ~ 25 $349,000 -4.5% $375,000 0.7% 48.4%
CORINDA 5 N/A N/A $425,000 3.7% 54.5%
DOOLANDELLA * 0 N/A N/A $337,500 N/A N/A
EAST BRISBANE ~ * 12 $417,500 N/A $452,500 11.7% 60.0%
EIGHT MILE PLAINS 7 N/A N/A $388,000 4.9% 56.5%
ENOGGERA 9 N/A N/A $398,250 3.1% N/A
EVERTON PARK 5 N/A N/A $410,000 13.4% 64.0%
FORTITUDE VALLEY ~ 30 $364,000 -3.1% $398,000 -1.7% 24.8%
GAYTHORNE 7 N/A N/A $360,000 0.0% 54.8%
GORDON PARK 3 N/A N/A $355,000 -1.9% 44.9%
GREENSLOPES 18 $362,500 3.3% $367,500 1.5% 36.1%
HAMILTON 7 N/A N/A $490,000 6.6% 41.0%
HAWTHORNE 4 N/A N/A $425,250 -1.7% 36.8%
HIGHGATE HILL ~ 6 N/A N/A $465,000 19.2% 45.3%
HOLLAND PARK WEST ~ * 3 N/A N/A $361,000 N/A 40.7%
INDOOROOPILLY 21 $440,000 -4.3% $453,000 -0.1% 35.2%
KANGAROO POINT ~ f 20 $484,500 18.8% $517,500 11.3% 41.8%
KEDRON 5 N/A N/A $347,000 3.6% 40.8%
KELVIN GROVE * 7 N/A N/A $415,000 -4.6% 45.6%
LUTWYCHE 7 N/A N/A $400,000 11.1% 58.7%
MOOROOKA * 12 $335,250 -7.9% $420,000 20.0% 81.4%
MORNINGSIDE 27 $434,000 0.3% $457,000 10.1% 45.1%
MOUNT GRAVATT EAST 4 N/A N/A $381,750 5.2% 32.6%
NEW FARM ~ f * 25 $500,000 -5.9% $530,000 11.6% 38.9%
NEWSTEAD 4 N/A N/A $519,000 3.8% 30.1%
NORMAN PARK 6 N/A N/A $479,000 5.3% N/A
NORTHGATE * 9 N/A N/A $355,000 -10.1% 57.8%
NUNDAH ~ * 22 $416,250 15.6% $382,000 -6.4% 55.9%
PADDINGTON 7 N/A N/A $440,000 0.2% 40.5%
RICHLANDS 5 N/A N/A $349,500 7.4% 31.9%
RUNCORN 11 $325,000 -0.9% $330,000 -2.5% 40.7%
SHERWOOD * 8 N/A N/A $409,000 -10.1% 18.6%
SOUTH BRISBANE ~ f 17 $383,000 -18.9% $442,000 7.9% 14.8%
SPRING HILL 21 $400,000 2.3% $393,000 2.5% 37.9%
ST LUCIA ~ * 16 $423,000 -5.4% $439,000 -0.7% 40.3%
STAFFORD 3 N/A N/A $398,000 7.9% N/A
SUNNYBANK HILLS 4 N/A N/A $370,000 4.2% 60.9%
TAIGUM 4 N/A N/A $351,500 -1.4% 19.2%
TARINGA ~ 24 $366,000 -14.4% $410,000 0.0% 39.0%
TENERIFFE ~ f 21 $595,000 10.2% $570,000 4.6% 52.0%
TINGALPA 9 N/A N/A $356,000 3.2% 54.1%
TOOWONG 20 $395,000 -2.9% $418,000 -3.9% 44.1%
UPPER MOUNT GRAVATT 3 N/A N/A $391,000 7.9% 36.2%
WAKERLEY * 6 N/A N/A $440,000 N/A N/A
WEST END * f 12 $537,500 3.4% $530,000 0.4% 45.2%
WINDSOR 5 N/A N/A $385,000 6.5% 48.1%
WISHART 4 N/A N/A $360,000 1.4% 18.8%
WOOLLOONGABBA 14 $415,000 3.1% $420,000 1.1% 29.4%
WYNNUM 5 N/A N/A $380,000 4.1% 20.7%
WYNNUM WEST * 4 N/A N/A $356,000 11.3% 58.2%
YERONGA 2 N/A N/A $419,000 1.7% 45.2%
ZILLMERE 10 $361,750 N/A $369,500 4.1% 60.7%
BRISBANE (SD) 343 $210,350 0.3% $204,400 -4.9% 19.0%
BRISBANE (SD) ^ 54 $326,000 -10.1% $340,500 14.5% 51.3%
BRISBANE CITY (LGA) ~ * 63 $275,000 -17.3% $300,000 6.1% 33.3%
BRISBANE CITY (LGA) ^ 6 N/A N/A $606,000 -0.7% 34.7%
CALAMVALE * 4 N/A N/A $335,000 8.6% 50.9%
DOOLANDELLA ~ * 3 N/A N/A $235,000 5.5% N/A
DURACK * 1 N/A N/A $212,000 -3.6% N/A
FITZGIBBON ~ * G 6 $142,250 -39.7% $223,450 -1.1% N/A
FOREST LAKE * 0 N/A N/A $339,000 17.9% 92.7%
HEATHWOOD * 6 $271,500 -1.3% $243,000 2.5% N/A
MOGGILL * 6 $261,250 N/A $262,500 6.1% 65.1%
UPPER KEDRON ~ * 0 N/A N/A $295,000 -7.2% 31.1%
WAKERLEY * 5 $368,000 N/A $340,000 6.3% 39.9%
41
34
37
265
260
220
628
511
478
270
239
174
37
46
13
SEP 10
DEC 10
MAR 11
BRISBANE CITY UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
113
98
71
231
172
143
71
79
58
38
31
14
3
3
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
104
116
82
374
291
307
282
269
267
191
178
134
50
61
33
SEP 10
DEC 10
MAR 11
GOLD COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
46
58
62
140
125
118
99
102
97
77
84
64
24
15
22
SEP 10
DEC 10
MAR 11
SUNSHINE COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
20
14
12
12
10
8
6
2
0
3
2
3
SEP 10
DEC 10
MAR 11
BUNDABERG UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
119
124
66
56
46
30
32
24
10
21
25
10
SEP 10
DEC 10
MAR 11
CAIRNS UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
20
14
13
14
8
11
4
2
2
6
1
1
SEP 10
DEC 10
MAR 11
FRASER COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
17
13
0
5
13
20
4
19
12
6
6
8
SEP 10
DEC 10
MAR 11
GLADSTONE UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
22
26
26
31
44
29
21
18
19
11
17
10
SEP 10
DEC 10
MAR 11
TOWNSVILLE UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
20
9
11
26
19
20
9
9
8
7
4
2
SEP 10
DEC 10
MAR 11
MACKAY UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
19
10
6
7
16
8
11
9
3
4
2
0
SEP 10
DEC 10
MAR 11
ROCKHAMPTON UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
45
43
20
26
23
16
7
2
5
2
3
0
SEP 10
DEC 10
MAR 11
TOOWOOMBA UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
38
14
21
54
27
28
34
26
8
15
7
6
SEP 10
DEC 10
MAR 11
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
436
271
216
77
57
47
12
8
9
8
4
5
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
Includes REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
52
19
17
25
7
20
1
1
3
6
9
15
SEP 10
DEC 10
MAR 11
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
39
36
26
18
14
17
18
8
15
9
3
11
SEP 10
DEC 10
MAR 11
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
44
40
26
0
1
0
2
0
1
SEP 10
DEC 10
MAR 11
BUNDABERG LAND SALES<$250,000 <$350,000 $350,000+
53
45
31
6
2
3
8
5
1
SEP 10
DEC 10
MAR 11
CAIRNS LAND SALES<$250,000 <$350,000 $350,000+
53
32
32
3
7
1
0
4
1
SEP 10
DEC 10
MAR 11
FRASER COAST LAND SALES<$250,000 <$350,000 $350,000+
57
88
47
4
2
6
2
1
5
SEP 10
DEC 10
MAR 11
GLADSTONE LAND SALES<$250,000 <$350,000 $350,000+
55
55
41
4
6
3
2
2
2
SEP 10
DEC 10
MAR 11
TOWNSVILLE LAND SALES<$250,000 <$350,000 $350,000+
68
37
20
13
7
4
3
5
1
SEP 10
DEC 10
MAR 11
MACKAY LAND SALES<$250,000 <$350,000 $350,000+
70
76
47
3
3
1
0
0
2
SEP 10
DEC 10
MAR 11
ROCKHAMPTON LAND SALES<$250,000 <$350,000 $350,000+
56
73
26
5
1
3
0
0
1
SEP 10
DEC 10
MAR 11
TOOWOOMBA LAND SALES<$250,000 <$350,000 $350,000+
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 7
BRISBANE CITY
3 BEDROOM HOUSES continued
Suburbs/Localities
Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS
2 BEDROOM FLATS/UNITS
3 BEDROOM HOUSES
Suburbs/Localities
Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS
BRISBANE CITY COUNCIL AREA $390 3,386 $380 3,389
Bayside $375 146 $370 140
4178 Lytton/ Wynnum/ Wynnum West $370 97 $370 88
4179 Lota/ Manly/ Manly West $380 49 $370 52
City Inner $480 357 $465 361
4000 Brisbane City/ Spring Hill $510 26 $475 25
4005 New Farm $540 23 $545 15
4006 Bowen Hills/ Fortitude Valley/ Herston/ Newstead $500 19 $430 16
4064 Milton/ Paddington $490 72 $480 76
4066 Auchenflower/ Toowong $450 73 $450 63
4067 St Lucia $480 43 $440 33
4101 Highgate Hill/ South Brisbane/ West End $495 32 $480 46
4102 Buranda/ Dutton Park/ Wooloongabba $470 32 $435 28
4169 East Brisbane/ Kangaroo Point $490 37 $460 59
North - Inner $420 374 $400 383
4007 Ascot/ Hamilton $560 23 $550 20
4010 Albion $430 10 $390 7
4011 Clayfield/ Hendra $460 57 $450 44
4012 Nundah/ Toombul/ Wavell Heights $380 58 $375 61
4030 Lutwyche/ Windsor/ Wooloowin $430 57 $410 67
4031 Gordon Park/ Kedron $410 61 $380 64
4051 Alderley/ Enogerra/ Newmarket/ Wilston/ etc. $400 105 $400 118
North - Outer $360 398 $360 381
4013 Northgate $380 16 $370 18
4014 Banyo/ Nudgee/ Virginia $375 34 $360 39
4017 Bracken Ridge/ Brighton/ Deagon/ Sandgate/ etc. $360 123 $360 103
4018 Fitzgibbon/ Taigum $365 22 $360 19
4032 Chermside/ Chermside West $370 61 $360 53
4034 Aspley/ Boondall/ Carseldine/ Geebung/ Zillmere $360 116 $370 121
4036 Bald Hills $340 26 $340 28
North West - Inner $465 168 $445 152
4059 Kelvin Grove/ Red Hill $480 83 $460 70
4060 Ashgrove $435 49 $420 44
4065 Bardon $525 36 $440 38
North West - Outer $390 263 $375 248
4053 Everton Park/ McDowall/ Mitchelton/ Stafford/ etc. $390 167 $370 147
4054 Arana Hills/ Keperra $370 51 $365 54
4061 The Gap $400 45 $400 47
South - Inner $390 448 $380 454
4103 Annerley/ Fairfield $420 51 $400 51
4104 Yeronga $440 26 $380 19
4105 Moorooka/ Tennyson/ Yeerongpilly $390 62 $370 54
4120 Greenslopes $440 43 $390 36
4121 Holland Park/ Holland Park West/ Tarragindi $390 101 $395 121
4122 Mansfield/ Mt Gravatt/ Wishart/ etc. $370 161 $365 172
South - Outer $360 320 $350 294
4106 Rocklea $330 8 $340 6
4107 Salisbury $360 33 $360 26
4108 Archerfield/ Coopers Plains $360 26 $350 18
4109 Macgregor/ Robertson/ Sunnybank/ etc. $360 107 $370 84
4110 Acacia Ridge/ Willawong $335 44 $320 45
4112 Kuraby $370 6 $365 13
4113 Eight Mile Plains/ Runcorn $360 64 $355 65
4115 Algester/ Parkinson $360 13 $350 22
4116 Calamvale/ Drewvale/ Stretton $385 19 $360 15
South East - Inner $420 332 $400 345
4151 Coorparoo $440 37 $410 51
4152 Camp Hill/ Carina/ Carina Heights/ Carindale $395 113 $380 123
4170 Cannon Hill/ Morningside/ Norman Park/ etc. $420 98 $400 100
4171 Balmoral/ Bulimba/ Hawthorne $475 63 $450 54
4172 Murarrie $375 21 $380 17
South East - Outer $395 50 $380 64
4153 Belmont $395 7 $410 15
4154 Gumdale/ Ransome/ Wakerley $460 10 $430 8
4173 Tingalpa $385 29 $360 32
South West - Inner $415 138 $400 192
4068 Chelmer/ Indooroopilly/ Taringa $445 72 $420 104
4075 Corinda/ Graceville/ Oxley/ Sherwood $380 66 $380 88
South West - Outer $350 392 $340 375
4069 Brookfield/ Chapel Hill/ Fig Tree Pocket/ etc. $430 65 $400 69
4070 Anstead/ Bellbowrie/ Moggill $340 12 $360 6
4073 Seventeen Mile Rocks/ Sinnamon Park $380 14 $360 16
4074 Jindalee/ Mt Ommaney/ Sumner/ Westlake/ etc. $370 70 $360 72
4076 Darra/ Wacol $300 34 $320 24
4077 Doolandella/ Durack/ Inala/ Richlands $300 81 $290 71
4078 Ellen Grove/ Forest Lake $340 116 $330 117
BRISBANE CITY COUNCIL AREA $375 5,078 $365 5,125
Bayside $300 57 $300 50
4178 Lytton/ Wynnum/ Wynnum West $300 43 $300 36
4179 Lota/ Manly/ Manly West $300 14 $295 14
City Inner $450 2,170 $430 2,327
4000 Brisbane City/ Spring Hill $540 389 $530 428
4005 New Farm $475 270 $420 250
4006 Bowen Hills/ Fortitude Valley/ Herston/ Newstead $460 247 $445 341
4064 Milton/ Paddington $375 80 $370 84
4066 Auchenflower/ Toowong $385 344 $370 342
4067 St Lucia $400 268 $380 273
4101 Highgate Hill/ South Brisbane/ West End $500 312 $460 327
4102 Buranda/ Dutton Park/ Wooloongabba $400 55 $370 47
4169 East Brisbane/ Kangaroo Point $420 204 $420 235
North - Inner $340 879 $325 867
4007 Ascot/ Hamilton $360 119 $360 116
4010 Albion $350 17 $350 33
4011 Clayfield/ Hendra $330 164 $325 146
4012 Nundah/ Toombul/ Wavell Heights $340 210 $330 180
4030 Lutwyche/ Windsor/ Wooloowin $320 118 $300 144
4031 Gordon Park/ Kedron $315 97 $310 100
4051 Alderley/ Enogerra/ Newmarket/ Wilston/ etc. $340 154 $320 148
North - Outer $330 313 $320 180
4013 Northgate $285 28 $310 19
4014 Banyo/ Nudgee/ Virginia $350 12 $275 7
4017 Bracken Ridge/ Brighton/ Deagon/ Sandgate/ etc. $270 19 $285 13
4018 Fitzgibbon/ Taigum $240 28 $320 7
4032 Chermside/ Chermside West $380 152 $340 76
4034 Aspley/ Boondall/ Carseldine/ Geebung/ Zillmere $330 74 $320 58
North West - Inner $380 169 $360 197
4059 Kelvin Grove/ Red Hill $385 122 $360 128
4060 Ashgrove $360 36 $360 56
4065 Bardon $290 11 $295 13
North West - Outer $330 79 $320 69
4053 Everton Park/ McDowall/ Mitchelton/ Stafford/ etc. $330 75 $305 66
South - Inner $335 469 $320 459
4103 Annerley/ Fairfield $330 115 $320 137
4104 Yeronga $325 42 $330 23
4105 Moorooka/ Tennyson/ Yeerongpilly $340 71 $300 55
4111 Nathan $250 6 $270 11
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 8
MARKETMONITORQ
UE
EN
SLA
ND
CONTENTSBRISBANE CITY
Suburbs/Localities
Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTSSuburbs/Localities
Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS
2 BEDROOM FLATS/UNITS continued 3 BEDROOM TOWNHOUSES continued
3 BEDROOM TOWNHOUSES
4120 Greenslopes $330 92 $325 102
4121 Holland Park/ Holland Park West/ Tarragindi $335 38 $300 47
4122 Mansfield/ Mt Gravatt/ Wishart/ etc. $370 105 $360 84
South - Outer $335 65 $360 56
4109 Macgregor/ Robertson/ Sunnybank/ etc. $385 41 $385 39
4115 Algester/ Parkinson $295 11 $280 9
South East - Inner $350 409 $330 448
4151 Coorparoo $340 173 $320 192
4152 Camp Hill/ Carina/ Carina Heights/ Carindale $360 42 $340 44
4170 Cannon Hill/ Morningside/ Norman Park/ etc. $350 89 $350 98
4171 Balmoral/ Bulimba/ Hawthorne $370 105 $355 114
South East - Outer $325 9 $340 9
4173 Tingalpa $325 8 $340 8
South West - Inner $360 445 $350 438
4068 Chelmer/ Indooroopilly/ Taringa $360 401 $355 391
4075 Corinda/ Graceville/ Oxley/ Sherwood $320 44 $320 47
South West - Outer $320 14 $310 25
4078 Ellen Grove/ Forest Lake $335 13 $320 16
BRISBANE CITY COUNCIL AREA $395 1,672 $389 1,482
Bayside $370 74 $370 60
4178 Lytton/ Wynnum/ Wynnum West $370 43 $370 28
4179 Lota/ Manly/ Manly West $395 31 $375 32
City Inner $565 88 $530 94
4000 Brisbane City/ Spring Hill $750 6 n.a. 0
4005 New Farm $550 6 n.a. 3
4006 Bowen Hills/ Fortitude Valley/ Herston/ Newstead $535 9 $490 14
4064 Milton/ Paddington $630 14 $550 23
4066 Auchenflower/ Toowong $510 21 $495 33
4067 St Lucia $560 14 $540 16
4101 Highgate Hill/ South Brisbane/ West End $630 15 n.a. 1
North - Inner $450 132 $420 123
4007 Ascot/ Hamilton $500 10 $500 11
4011 Clayfield/ Hendra $500 14 $525 14
4012 Nundah/ Toombul/ Wavell Heights $430 28 $395 22
4030 Lutwyche/ Windsor/ Wooloowin $450 11 $430 8
4031 Gordon Park/ Kedron $430 21 $410 25
4051 Alderley/ Enogerra/ Newmarket/ Wilston/ etc. $450 48 $420 42
North - Outer $370 184 $360 130
4013 Northgate $390 14 $420 7
4017 Bracken Ridge/ Brighton/ Deagon/ Sandgate/ etc. $355 45 $355 33
4018 Fitzgibbon/ Taigum $360 28 $350 26
4032 Chermside/ Chermside West $435 42 $420 22
4034 Aspley/ Boondall/ Carseldine/ Geebung/ Zillmere $370 55 $360 42
North West - Inner $505 25 $480 24
4059 Kelvin Grove/ Red Hill $520 12 $445 8
4060 Ashgrove $430 8 $480 8
4065 Bardon $520 5 $500 8
North West - Outer $405 66 $385 52
4053 Everton Park/ McDowall/ Mitchelton/ Stafford/ etc. $410 54 $390 44
4054 Arana Hills/ Keperra $360 5 n.a. 4
4061 The Gap $430 7 n.a. 4
South - Inner $410 170 $395 141
4103 Annerley/ Fairfield $450 39 $440 30
4104 Yeronga $425 9 $410 11
4105 Moorooka/ Tennyson/ Yeerongpilly $430 33 $395 24
4120 Greenslopes $500 9 $395 6
4121 Holland Park/ Holland Park West/ Tarragindi $405 16 $415 11
4122 Mansfield/ Mt Gravatt/ Wishart/ etc. $395 63 $385 59
South - Outer $375 430 $365 416
4107 Salisbury $465 9 n.a. 2
4109 Macgregor/ Robertson/ Sunnybank/ etc. $380 84 $390 64
4112 Kuraby $360 34 $360 23
4113 Eight Mile Plains/ Runcorn $390 180 $375 196
4115 Algester/ Parkinson $350 49 $340 50
4116 Calamvale/ Drewvale/ Stretton $365 72 $360 74
South East - Inner $430 201 $420 216
4151 Coorparoo $465 17 $420 23
4152 Camp Hill/ Carina/ Carina Heights/ Carindale $410 100 $395 106
4170 Cannon Hill/ Morningside/ Norman Park/ etc. $440 47 $440 58
4171 Balmoral/ Bulimba/ Hawthorne $530 29 $490 18
4172 Murarrie $455 8 $440 11
South East - Outer $405 94 $385 60
4153 Belmont $410 18 $405 13
4154 Gumdale/ Ransome/ Wakerley $410 54 $385 24
4173 Tingalpa $370 22 $360 18
South West - Inner $470 81 $450 96
4068 Chelmer/ Indooroopilly/ Taringa $530 43 $495 52
4075 Corinda/ Graceville/ Oxley/ Sherwood $380 38 $380 44
South West - Outer $340 127 $350 70
4073 Seventeen Mile Rocks/ Sinnamon Park $395 22 $385 18
4074 Jindalee/ Mt Ommaney/ Sumner/ Westlake/ etc. $415 16 $370 15
4077 Doolandella/ Durack/ Inala/ Richlands $330 47 $350 11
4078 Ellen Grove/ Forest Lake $330 38 $335 18
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 9
BRISBANE SURROUNDS
HO
USE PRICEPO
INTS - SA
LES NU
MBERS BY PRICE RA
NG
E
137
121
118
780
799
697
1177
1064
910
124
147
83
SEP 10
DEC 10
MAR 11
BRISBANE CITY HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
815
718
586
1009
885
779
328
291
244
16
20
6
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
24
20
25
433
376
371
332
318
350
49
37
36
SEP 10
DEC 10
MAR 11
GOLD COAST HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
68
49
55
322
307
269
189
178
154
26
15
20
SEP 10
DEC 10
MAR 11
SUNSHINE COAST HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
181
154
132
42
39
32
8
9
7
SEP 10
DEC 10
MAR 11
BUNDABERG HOUSE SALES<$350,000 $350,000+ $500,000+
166
148
113
165
139
106
55
55
48
SEP 10
DEC 10
MAR 11
CAIRNS HOUSE SALES<$350,000 $350,000+ $500,000+
156
147
129
51
40
31
9
7
1
SEP 10
DEC 10
MAR 11
FRASER COAST HOUSE SALES<$350,000 $350,000+ $500,000+
44
61
27
90
130
136
27
30
42
SEP 10
DEC 10
MAR 11
GLADSTONE HOUSE SALES<$350,000 $350,000+ $500,000+
178
170
145
214
234
162
57
63
42
SEP 10
DEC 10
MAR 11
TOWNSVILLE HOUSE SALES<$350,000 $350,000+ $500,000+
77
53
59
148
164
147
54
59
49
SEP 10
DEC 10
MAR 11
MACKAY HOUSE SALES<$350,000 $350,000+ $500,000+
162
142
125
62
59
69
22
18
21
SEP 10
DEC 10
MAR 11
ROCKHAMPTON HOUSE SALES<$350,000 $350,000+ $500,000+
266
230
236
97
110
74
16
27
22
SEP 10
DEC 10
MAR 11
TOOWOOMBA HOUSE SALES<$350,000 $350,000+ $500,000+
41
34
37
265
260
220
628
511
478
270
239
174
37
46
13
SEP 10
DEC 10
MAR 11
BRISBANE CITY UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
113
98
71
231
172
143
71
79
58
38
31
14
3
3
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
104
116
82
374
291
307
282
269
267
191
178
134
50
61
33
SEP 10
DEC 10
MAR 11
GOLD COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
46
58
62
140
125
118
99
102
97
77
84
64
24
15
22
SEP 10
DEC 10
MAR 11
SUNSHINE COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
20
14
12
12
10
8
6
2
0
3
2
3
SEP 10
DEC 10
MAR 11
BUNDABERG UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
119
124
66
56
46
30
32
24
10
21
25
10
SEP 10
DEC 10
MAR 11
CAIRNS UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
20
14
13
14
8
11
4
2
2
6
1
1
SEP 10
DEC 10
MAR 11
FRASER COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
17
13
0
5
13
20
4
19
12
6
6
8
SEP 10
DEC 10
MAR 11
GLADSTONE UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
22
26
26
31
44
29
21
18
19
11
17
10
SEP 10
DEC 10
MAR 11
TOWNSVILLE UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
20
9
11
26
19
20
9
9
8
7
4
2
SEP 10
DEC 10
MAR 11
MACKAY UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
19
10
6
7
16
8
11
9
3
4
2
0
SEP 10
DEC 10
MAR 11
ROCKHAMPTON UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
45
43
20
26
23
16
7
2
5
2
3
0
SEP 10
DEC 10
MAR 11
TOOWOOMBA UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
Median house and unit prices Despite being affected by the floods in January, Ipswich recorded impressive median house price growth over the March quarter, partly due to a big drop in the sale of affordable homes. The median house price for the Ipswich local government area increased 4.9 per cent to $325,250 over the period. The numbers of preliminary sales were also down about 20 per cent.
Solid performers over the quarter included Bundamba, with a median house price increase of 10.2 per cent to $324,000, and Collingwood Park, which was up 21.4 per cent to $349,000. Both of these medians were affected by varying quality stock sold over the period with more high-end properties selling in the December quarter.
The median house price in Logan decreased 2.2 per cent to $352,250 over the March quarter. Preliminary sales were also down about 21 per cent.
Agents in Logan report that seller expectations across the board are about 15 per cent above the level of offers being received in the market in January and February. There were also a greatly reduced number of buyers looking for property at the time.
While Logan was only minimally affected by the floods, agents report that demand from all levels of buyers was low at the start of the year. Since that time, investors and first home buyers, however, have made a welcome reappearance.
The median house price in Moreton Bay decreased 2.6 per cent to $380,000 over the quarter. The preliminary numbers of house sales were down about 11 per cent.
Moreton Bay agents say there is limited demand and that sellers, generally, are not being realistic with their price expectations. There is reduced demand from first home buyers and investors with up-graders being the only buyer-type particularly active in the market. There are also down-graders, but they themselves are reportedly having difficulty selling their own homes.
In Redcliffe, sellers are starting to be more realistic about the price they can achieve, yet many are continuing to switch agents in the hope that will secure them a higher price.
The median house price in Redland City decreased 2.8 per cent to $439,500 over the March quarter. The preliminary numbers of sales were down 15 per cent. Days on market have pushed out to more than 90 days in the region.
Vacant land pricesThe median price of vacant land in Ipswich increased 2.8 per cent to $185,000 over the quarter. There continues to be healthy sales within a number of new estates in Augustine Heights. Its median price is up 2.9 per cent over the period. Over the year ending March, an increase in sales was most prominent in Brassall, Leichhardt, Springfield and Redbank Plains.
The median price of land in Moreton Bay increased 2.8 per cent to $210,700 over the quarter. The highest numbers of preliminary sales were recorded in North Lakes at 36. The best performing suburb was Morayfield, up 2.6 per cent to $195,000.
Median rentsVacancy rates for the Greater Brisbane area, excluding the Brisbane City area, have also tightened slightly since September, to now have a vacancy rate of 2.7 per cent.
In Ipswich, REIQ agents report flood-affected properties are returning to the rental pool while government assistance has also helped some displaced residents. Vacancy rates in Ipswich have held steady at 2.3 per cent.
In the Redlands, market conditions have tightened since the last rental survey in September. As at the end of March, the vacancy rate was 2.4 per cent, the lowest in the past 12 months. Agents report a slight oversupply of stock however lease renewals are common with tenants preferring to stay put.
38
14
21
54
27
28
34
26
8
15
7
6
SEP 10
DEC 10
MAR 11
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
436
271
216
77
57
47
12
8
9
8
4
5
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
Includes REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
52
19
17
25
7
20
1
1
3
6
9
15
SEP 10
DEC 10
MAR 11
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
39
36
26
18
14
17
18
8
15
9
3
11
SEP 10
DEC 10
MAR 11
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
44
40
26
0
1
0
2
0
1
SEP 10
DEC 10
MAR 11
BUNDABERG LAND SALES<$250,000 <$350,000 $350,000+
53
45
31
6
2
3
8
5
1
SEP 10
DEC 10
MAR 11
CAIRNS LAND SALES<$250,000 <$350,000 $350,000+
53
32
32
3
7
1
0
4
1
SEP 10
DEC 10
MAR 11
FRASER COAST LAND SALES<$250,000 <$350,000 $350,000+
57
88
47
4
2
6
2
1
5
SEP 10
DEC 10
MAR 11
GLADSTONE LAND SALES<$250,000 <$350,000 $350,000+
55
55
41
4
6
3
2
2
2
SEP 10
DEC 10
MAR 11
TOWNSVILLE LAND SALES<$250,000 <$350,000 $350,000+
68
37
20
13
7
4
3
5
1
SEP 10
DEC 10
MAR 11
MACKAY LAND SALES<$250,000 <$350,000 $350,000+
70
76
47
3
3
1
0
0
2
SEP 10
DEC 10
MAR 11
ROCKHAMPTON LAND SALES<$250,000 <$350,000 $350,000+
56
73
26
5
1
3
0
0
1
SEP 10
DEC 10
MAR 11
TOOWOOMBA LAND SALES<$250,000 <$350,000 $350,000+
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 10
MARKETMONITORQ
UE
EN
SLA
ND
CONTENTSBRISBANE SURROUNDS
HOUSES continuedHOUSES
Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
MEDIAN SALES DATA MEDIAN SALES DATA
IPSWICH CITY (LGA) ~ 258 $325,250 4.9% $319,000 -0.3% 40.5%
IPSWICH CITY (LGA) ^ 20 $395,000 -25.5% $507,000 2.2% 42.8%
AUGUSTINE HEIGHTS * 4 N/A N/A $545,000 -0.9% N/A
BELLBIRD PARK ~ 7 $319,000 4.6% $312,500 -7.3% 42.0%
BOOVAL 5 N/A N/A $287,000 -2.7% 44.9%
BRASSALL ~ 29 $339,000 -11.4% $335,000 -0.9% 32.9%
BUNDAMBA ~ 10 $324,000 10.2% $291,500 3.6% 39.5%
CAMIRA ~ 11 $365,000 7.7% $352,000 -0.3% 40.8%
COLLINGWOOD PARK ~ 16 $349,000 21.4% $322,000 -0.9% 23.2%
EAST IPSWICH ~ 4 N/A N/A $271,000 -3.2% 44.1%
EASTERN HEIGHTS ~ 12 $274,000 -4.5% $275,000 -6.0% 41.0%
FLINDERS VIEW ~ 10 $362,500 5.1% $365,000 -5.7% 46.0%
GOODNA ~ 12 $287,000 -8.2% $295,000 -1.7% 40.5%
IPSWICH ~ 2 N/A N/A $316,000 -4.2% 30.3%
KARALEE ^ ~ 4 N/A N/A $515,000 -4.6% 21.2%
LEICHHARDT ~ 3 N/A N/A $240,000 -4.0% 35.6%
NEWTOWN ~ 3 N/A N/A $312,500 -6.0% 38.9%
NORTH BOOVAL ~ 3 N/A N/A $285,000 -5.2% 46.7%
NORTH IPSWICH ~ 14 $281,000 -13.5% $289,750 1.7% 38.0%
ONE MILE 6 N/A N/A $249,000 1.6% 35.0%
RACEVIEW 13 $302,500 -2.4% $312,000 -2.5% 36.8%
REDBANK PLAINS ~ 14 $316,000 9.0% $300,000 -4.8% 45.3%
RIVERVIEW ~ 3 N/A N/A $227,500 -10.8% 33.0%
ROSEWOOD 4 N/A N/A $276,500 6.3% 39.6%
SILKSTONE ~ 7 $245,500 -1.8% $265,000 -3.6% 31.8%
SPRINGFIELD ~ 18 $365,000 -10.9% $381,500 4.5% 28.0%
SPRINGFIELD LAKES 23 $390,000 -3.2% $399,000 0.3% 29.6%
YAMANTO 7 $350,000 0.0% $350,000 -1.4% 29.6%
LOGAN CITY (LGA) 356 $352,250 -2.2% $360,000 0.6% 46.9%
LOGAN CITY (LGA) ^ ~ 86 $514,000 1.3% $515,000 0.0% 29.7%
BAHRS SCRUB ^ ~ 9 $1,652,750 N/A N/A N/A N/A
BEENLEIGH ~ 14 $342,500 7.6% $326,500 -2.4% 37.2%
BERRINBA * 11 $407,900 2.0% $400,900 1.0% N/A
BETHANIA ~ 6 N/A N/A $302,500 -5.5% 34.4%
BORONIA HEIGHTS 4 N/A N/A $312,000 -2.5% 38.7%
BROWNS PLAINS ~ 13 $285,000 -6.9% $310,000 -5.5% 36.0%
CEDAR GROVE ^ ~ 0 N/A N/A $392,500 -8.3% 20.0%
CEDAR VALE ^ 3 N/A N/A $446,750 3.5% 45.0%
CORNUBIA ~ 10 $499,000 -8.1% $490,000 3.7% 34.2%
CRESTMEAD 24 $311,000 1.3% $312,000 -1.9% 46.5%
DAISY HILL ~ 12 $477,500 24.7% $425,000 6.3% 44.1%
EAGLEBY 11 $275,000 -3.4% $283,500 -2.9% 48.0%
EDENS LANDING ~ 10 $344,750 -5.5% $360,000 -1.4% 28.5%
FORESTDALE ^ ~ 5 $660,000 7.3% $670,000 10.3% 35.6%
GREENBANK ^ ~ 5 $655,000 21.1% $505,000 -5.1% 26.3%
HERITAGE PARK ~ 11 $350,000 -9.3% $390,000 -6.1% 23.0%
HILLCREST ~ 9 $325,000 -5.1% $340,000 0.9% 43.3%
JIMBOOMBA ~ 7 $386,000 5.8% $391,000 -10.6% 52.7%
JIMBOOMBA ^ 25 $481,000 1.3% $480,000 4.3% 40.4%
KINGSTON ~ 15 $255,000 -3.0% $277,250 -3.6% 48.3%
LOGAN CENTRAL 3 N/A N/A $275,000 -1.1% 48.6%
LOGAN VILLAGE ^ ~ 3 N/A N/A $497,500 -4.3% 29.2%
LOGANHOLME ~ 11 $335,000 -13.0% $370,000 0.0% 36.0%
LOGANLEA ~ 7 $285,000 -10.4% $316,000 -0.6% 44.3%
MARSDEN ~ 11 $365,000 14.1% $325,000 1.3% 46.2%
MEADOWBROOK 7 $380,000 N/A $385,000 -1.8% 30.3%
MOUNT WARREN PARK ~ 8 $323,000 -4.0% $367,000 0.5% 38.0%
MUNDOOLUN ^ ~ 4 N/A N/A $479,000 -3.3% N/A
MUNRUBEN ^ ~ 6 $478,750 N/A $498,000 -3.3% 27.7%
NEW BEITH ^ 7 $516,000 -3.6% $530,000 0.1% 38.9%
REGENTS PARK ~ 20 $344,500 -9.3% $368,500 1.7% 39.1%
ROCHEDALE SOUTH 24 $409,000 1.0% $411,000 -1.0% 42.3%
SHAILER PARK ~ 18 $523,750 6.1% $475,000 2.2% 30.9%
SLACKS CREEK ~ 10 $290,750 3.1% $300,000 1.7% 37.6%
SPRINGWOOD ~ 19 $380,000 -7.3% $410,750 -1.0% 33.5%
TANAH MERAH ~ 12 $390,000 0.0% $390,000 -6.4% 30.0%
UNDERWOOD ~ 7 $466,000 13.7% $445,000 3.7% 47.8%
WATERFORD ~ 10 $372,500 0.4% $389,000 -3.4% N/A
WATERFORD WEST ~ 9 $330,000 N/A $320,000 -3.0% 39.7%
WINDAROO + ~ 4 N/A N/A $440,000 8.6% 39.7%
WOODRIDGE ~ 13 $260,000 -6.1% $270,000 0.0% 50.0%
MORETON BAY (LGA) 681 $380,000 -2.6% $396,000 0.9% 36.6%
MORETON BAY (LGA) ^ 79 $570,000 1.8% $595,000 2.6% 33.7%
ALBANY CREEK 20 $532,500 2.6% $523,000 7.3% 44.5%
ARANA HILLS ~ 13 $416,000 -6.5% $440,000 1.5% 33.3%
BANKSIA BEACH ~ f 12 $460,000 12.2% $475,000 -1.5% 13.1%
BEACHMERE ~ f 2 N/A N/A $344,000 -5.1% 31.3%
BELLARA 9 $317,500 N/A $335,000 -2.8% 16.5%
BELLMERE ~ 15 $340,000 -6.8% $354,000 -3.3% 19.3%
BONGAREE ~ f * 15 $475,000 29.6% $425,000 8.1% 32.8%
BRAY PARK ~ 21 $344,500 -1.6% $359,900 -4.0% 38.4%
BURPENGARY ~ 19 $345,000 -6.8% $370,000 -3.3% 41.2%
BURPENGARY ^ 7 $515,000 -2.8% $536,000 -0.7% 30.7%
CABOOLTURE 23 $299,000 -2.3% $310,000 -1.6% 40.5%
CABOOLTURE ^ ~ 5 $470,000 9.6% $476,000 0.2% 35.1%
CABOOLTURE SOUTH ~ 8 $247,500 -16.8% $289,000 -2.0% 34.4%
CASHMERE 6 N/A N/A $530,000 -1.9% 25.6%
CASHMERE ^ 5 $612,500 N/A $710,000 1.4% 36.5%
CLONTARF ~ 22 $360,000 -3.4% $366,500 -0.4% 34.7%
DECEPTION BAY ~ 35 $302,500 -4.7% $314,000 -3.4% 33.1%
EATONS HILL 17 $525,000 2.4% $512,375 -1.9% 32.7%
ELIMBAH ^ ~ 5 $435,000 -5.4% $501,000 1.2% 32.6%
EVERTON HILLS ~ 13 $462,000 -9.4% $469,500 3.0% 49.5%
FERNY HILLS 25 $435,000 -1.5% $458,000 4.1% 48.2%
GRIFFIN 5 N/A N/A $410,000 1.2% 34.9%
HIGHVALE ^ 0 N/A N/A $778,750 N/A 31.5%
JOYNER 4 N/A N/A $475,000 5.6% N/A
KALLANGUR 41 $345,000 0.0% $346,700 -2.3% 37.3%
KIPPA-RING ~ 19 $350,000 2.9% $350,000 -5.4% 26.8%
LAWNTON ~ 11 $345,000 -0.7% $346,250 -0.6% 40.2%
MANGO HILL ~ 21 $423,000 N/A $442,500 -4.3% 29.3%
MARGATE ~ 21 $329,500 -12.1% $385,000 2.5% 42.3%
MORAYFIELD ~ 28 $315,000 -2.3% $325,000 -4.1% 30.0%
MORAYFIELD ^ ~ 10 $477,500 -14.0% $550,000 -6.6% 31.3%
MURRUMBA DOWNS ~ 30 $395,000 -7.5% $430,000 -2.3% 31.8%
NARANGBA ~ 32 $420,000 2.4% $421,950 -4.6% 29.8%
NEWPORT ~ f 5 N/A N/A $815,000 9.4% N/A
NINGI ^ 7 $460,000 N/A $467,500 -1.6% 21.7%
NORTH LAKES ~ * 67 $430,000 -4.4% $445,000 0.0% 22.4%
PETRIE ~ 18 $385,000 11.6% $383,500 -0.4% 41.0%
REDCLIFFE ~ 12 $388,350 6.1% $380,000 5.6% 38.2%
ROTHWELL ~ 7 $385,000 -9.6% $385,000 0.3% 14.9%
SAMFORD VALLEY ^ 6 $735,000 N/A $825,000 3.1% 33.5%
SANDSTONE POINT ~ 11 $388,000 5.9% $388,000 -1.8% 22.4%
SCARBOROUGH ~ f 14 $410,000 -6.8% $450,000 0.3% 9.8%
STRATHPINE 17 $360,000 -0.6% $347,500 -1.3% 41.8%
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 11
BRISBANE SURROUNDS
Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
UNITS & TOWNHOUSES
MEDIAN SALES DATA MEDIAN SALES DATA
HOUSES continued VACANT URBAN LANDUPPER CABOOLTURE ^ ~ 4 N/A N/A $511,000 -6.6% 14.2%
WARNER ~ 15 $420,000 -12.5% $477,500 4.1% 37.8%
WOODY POINT 6 N/A N/A $399,000 5.0% 45.1%
WOORIM 4 N/A N/A $429,000 2.1% 12.9%
REDLAND CITY (LGA) 320 $439,500 -2.8% $460,000 0.0% 31.4%
REDLAND CITY (LGA) ^ ~ 13 N/A N/A $820,000 -1.4% 22.7%
ALEXANDRA HILLS 43 $405,000 -1.8% $410,000 0.0% 39.0%
BIRKDALE ~ 28 $434,000 -4.1% $450,000 -4.5% 23.3%
CAPALABA ^ ~ 4 N/A N/A $790,000 -4.8% 22.3%
CAPALABA ~ 22 $380,000 -4.7% $404,500 -1.3% 34.8%
CLEVELAND ~ 30 $455,000 -16.5% $532,500 4.3% 29.9%
MACLEAY ISLAND ~ 9 $250,000 0.0% $256,250 11.4% 26.9%
MOUNT COTTON 16 $443,500 -2.2% $468,400 2.5% 45.7%
ORMISTON f 10 $425,000 -20.0% $584,000 -1.0% 24.9%
REDLAND BAY ~ 45 $461,000 -4.7% $490,000 0.0% 35.0%
RUSSELL ISLAND ~ f 7 $200,000 18.3% $197,000 -16.2% 15.9%
THORNESIDE f 2 $495,000 -1.2% $486,500 8.8% 42.6%
THORNLANDS 33 $550,000 0.9% $545,000 1.3% 29.8%
THORNLANDS ^ 1 N/A N/A $865,000 N/A 23.6%
VICTORIA POINT ~ 37 $440,000 -4.2% $470,000 0.6% 27.0%
WELLINGTON POINT ~ f 32 $496,500 -8.1% $540,000 2.9% 34.3%
IPSWICH CITY (LGA) - 12 N/A N/A $258,250 3.1% 43.2%
BRASSALL 2 N/A N/A $290,000 6.8% 46.8%
LOGAN CITY (LGA) 104 $260,000 -1.3% $265,000 -3.6% 65.6%
BEENLEIGH * 7 $190,000 -16.7% $225,000 -2.6% 60.7%
EAGLEBY ~ * 6 N/A N/A $257,500 -18.0% 98.1%
ROCHEDALE SOUTH 7 $255,000 N/A $277,000 -3.1% 48.5%
SHAILER PARK 6 N/A N/A $317,000 8.4% 71.4%
SLACKS CREEK 11 $231,000 -5.3% $234,000 -2.5% 51.0%
SPRINGWOOD 6 N/A N/A $277,750 -2.0% 52.2%
UNDERWOOD * 6 N/A N/A $384,500 20.9% 45.4%
WOODRIDGE * 11 $180,000 -14.3% $213,500 0.9% 66.8%
MORETON BAY (LGA) - 125 $316,546 -2.9% $337,000 2.1% 39.3%
BONGAREE * f 14 $282,500 0.9% $353,500 12.0% 30.0%
BRENDALE 4 N/A N/A $285,000 1.1% 42.5%
BURPENGARY 6 N/A N/A $315,000 9.8% 30.4%
CABOOLTURE * 6 N/A N/A $240,000 -15.8% 83.2%
DECEPTION BAY * 6 N/A N/A $318,000 20.0% 33.1%
KALLANGUR * ~ 5 N/A N/A $301,000 -10.1% 27.4%
KIPPA-RING * 3 N/A N/A $335,000 -0.1% 43.2%
MANGO HILL * 5 N/A N/A $365,000 N/A N/A
MARGATE ~ * 5 N/A N/A $360,000 -10.0% 9.1%
MURRUMBA DOWNS * 10 $346,500 2.7% $346,000 -0.9% N/A
NINGI * 1 N/A N/A $339,900 N/A N/A
REDCLIFFE * f 17 $305,000 -25.8% $360,000 -4.0% 14.3%
SCARBOROUGH * f 10 $418,750 14.7% $415,294 -5.3% 7.5%
WOODY POINT * f 3 N/A N/A $400,000 -7.4% 36.8%
REDLAND CITY (LGA) * f 48 $350,000 0.0% $352,000 -2.1% 35.4%
CAPALABA 7 $312,500 0.0% $310,000 1.6% 44.2%
CLEVELAND f 15 $422,000 8.9% $385,000 -3.8% 37.5%
THORNESIDE ~ 4 N/A N/A $297,500 -4.0% 45.1%
VICTORIA POINT 2 N/A N/A $348,500 7.6% 32.8%
IPSWICH CITY (LGA) 67 $185,000 2.8% $179,000 2.3% 27.9%
IPSWICH CITY (LGA) ^ * 6 N/A N/A $265,500 11.3% 39.7%
AUGUSTINE HEIGHTS * 12 $241,250 2.9% $235,000 4.9% 20.5%
BELLBIRD PARK * 2 N/A N/A $240,000 17.1% 60.0%
BRASSALL ~ * 4 N/A N/A $178,000 -1.1% 24.9%
BROOKWATER + * ~ 3 N/A N/A $295,000 -1.7% 18.0%
CHUWAR * 3 N/A N/A $197,000 -0.5% N/A
GOODNA 1 N/A N/A $180,000 2.9% 27.7%
KARALEE ^ * 1 N/A N/A $265,000 2.5% 32.5%
LEICHHARDT * 4 N/A N/A $178,150 N/A N/A
NORTH BOOVAL * 1 N/A N/A $195,000 6.0% N/A
RACEVIEW * 1 N/A N/A $179,000 12.6% 23.4%
REDBANK PLAINS * 17 $175,000 0.0% $175,000 2.9% 0.0%
SPRINGFIELD * 2 N/A N/A $175,000 N/A 6.1%
SPRINGFIELD LAKES ~ * 10 $210,500 17.3% $179,900 6.4% 59.1%
LOGAN CITY (LGA) 26 $233,000 0.9% $211,900 0.9% 43.2%
LOGAN CITY (LGA) ^ ~ * 19 $235,000 N/A $262,750 7.2% 59.2%
BAHRS SCRUB * 1 N/A N/A $235,000 -1.3% N/A
BORONIA HEIGHTS + 0 N/A N/A N/A N/A N/A
CRESTMEAD * 2 N/A N/A $205,000 N/A 41.4%
GREENBANK ^ ~ * 3 N/A N/A $260,000 7.7% 52.0%
HILLCREST 2 N/A N/A $215,000 2.4% N/A
HOLMVIEW 1 N/A N/A $214,900 1.9% N/A
JIMBOOMBA 3 N/A N/A $186,500 0.9% 45.1%
JIMBOOMBA ^ ~ * 6 $218,450 N/A $220,000 10.6% 43.8%
LOGANLEA * 1 N/A N/A $225,000 16.0% 46.1%
MARSDEN 2 N/A N/A $195,000 2.1% 34.5%
UNDERWOOD * 1 N/A N/A $340,000 1.5% 58.1%
WATERFORD * 1 N/A N/A $189,500 7.1% 40.4%
WINDAROO + 0 N/A N/A N/A N/A N/A
MORETON BAY (LGA) + * f 135 $210,700 2.8% $203,500 0.7% 21.1%
MORETON BAY (LGA) ^ * 20 $370,000 0.3% $360,000 -8.2% 33.3%
BANKSIA BEACH + * f 4 N/A N/A $455,000 1.1% 50.7%
CABOOLTURE 21 $192,500 -0.1% $195,000 1.7% 28.3%
CASHMERE * 1 N/A N/A $322,000 9.2% 65.1%
DAKABIN * 4 N/A N/A $210,000 -1.2% 38.8%
GRIFFIN * 3 N/A N/A $205,000 -1.4% -50.0%
KALLANGUR * 5 $210,700 N/A $213,200 13.4% 41.0%
MORAYFIELD * 13 $195,000 2.6% $195,000 2.6% 30.0%
MURRUMBA DOWNS ~ * 4 N/A N/A $226,250 -23.3% 31.2%
NARANGBA * 10 $213,250 -5.0% $220,000 -5.6% 29.4%
NINGI 0 N/A N/A $234,900 3.1% 37.8%
NORTH LAKES ~ * 36 $212,750 -15.9% $211,000 7.0% 33.5%
SAMFORD VALLEY ^ * 2 N/A N/A $490,000 -2.0% 33.3%
UPPER CABOOLTURE * 5 $199,000 N/A N/A N/A N/A
WARNER * 15 $230,000 -2.1% $232,000 0.9% 39.3%
REDLAND CITY (LGA) ³ ~ * 52 $47,000 -21.7% $81,000 -66.5% -59.1%
Redland City - Bay Islands ~ f 38 $38,500 10.0% $38,000 -20.1% 0.0%
Redland City - Mainland * f 14 $288,250 -1.1% $290,000 7.4% 28.9%
MACLEAY ISLAND ~ f 7 $53,000 N/A $52,000 -5.5% 4.0%
REDLAND BAY * 1 N/A N/A $300,000 11.1% 44.2%
RUSSELL ISLAND ~ f 30 $30,000 -13.5% $35,000 -12.5% 12.9%
THORNLANDS ~ * 3 N/A N/A $285,000 14.9% 28.7%
VICTORIA POINT ~ * 6 $265,500 N/A $265,500 0.2% 20.7%
WELLINGTON POINT ~ f 1 N/A N/A $326,500 5.3% 19.8%
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 12
MARKETMONITORQ
UE
EN
SLA
ND
CONTENTSBRISBANE SURROUNDS
3 BEDROOM HOUSES continued
Suburbs/Localities
Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS
3 BEDROOM HOUSES
Suburbs/Localities
Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS
2 BEDROOM FLATS/UNITS
3 BEDROOM TOWNHOUSES
IPSWICH CITY COUNCIL AREA $285 793 $275 771
4300 Brookwater/ Camira/ Springfield Lakes/ etc. $320 177 $310 165
4301 Collingwood Park/ Redbank/ Redbank Plains $290 85 $280 84
4303 Dinmore/ Riverview $260 20 $260 29
4304 Blackstone/ Bundamba/ Silkstone/ etc. $270 92 $260 84
4305 Brassall/ Leichhardt/ Raceview/ Yamanto/ etc. $275 342 $265 324
4306 Barellan Point/ Karalee/ Willowbank/ etc. $300 50 $290 58
4340 Ebenezer/ Grandchester/ Rosewood/ etc. $270 26 $270 25
LOGAN CITY COUNCIL AREA $320 884 $315 890
4114 Kingston/ Logan Central/ Woodridge $300 149 $300 161
4118 Browns Plains/ Heritage Park/ Regents Park/ etc. $320 104 $320 107
4119 Underwood $330 6 $330 10
4123 Rochedale/ Rochedale South $360 50 $350 56
4124 Boronia Heights/ Greenbank/ New Beith/ etc. $310 48 $320 28
4125 Munruben/ Park Ridge/ Park Ridge South² $410 10 $340 6
4127 Daisy Hill/ Slacks Creek/ Springwood/ etc. $350 102 $325 107
4128 Shailer Park/ Tanah Merah $370 32 $350 16
4129 Loganholme $345 21 $330 18
4130 Carbrook/ Cornubia $350 12 $370 11
4131 Loganlea/ Meadowbrook $315 33 $320 27
4132 Crestmead/ Marsden $310 72 $310 89
4133 Chambers Flat/ Logan Reserve/ Waterford/ etc. $340 31 $340 26
4205 Bethania $305 22 $310 33
4207 Beenleigh/ Eagleby/ Mt Warren Park/ etc. $310 166 $300 171
4280 Jimboomba/ North Maclean/ South Maclean/ etc. $360 22 $350 22
MORETON BAY REGIONAL COUNCIL AREA $320 1,047 $320 1,005
Caboolture Region $290 487 $290 432
4504 Narangba $300 10 $315 14
4505 Burpengary $320 27 $320 23
4506 Moorina/ Morayfield $285 47 $290 54
4507 Banksia Beach/ Bellara/ Bongaree/ Woorim/ etc. $310 43 $300 51
4508 Deception Bay $295 100 $290 102
4510 Beachmere/ Caboolture/ Upper Caboolture/ etc. $280 192 $280 134
4511 Godwin Beach/ Ningi/ Sandstone Pt $300 34 $320 23
4512 Bracalba/ Wamuran/ Wamuran Basin $350 8 n.a. 4
4514 D'Aguilar/ Delaneys Ck/ Neurum/ Woodford/ etc. $300 24 $280 22
Pine Rivers Region $350 329 $350 369
4035 Albany Creek/ Bridgeman Downs $390 27 $360 24
4037 Eatons Hill $400 7 $395 11
4055 Bunya/ Ferny Grove/ Ferny Hills/ Upper Kedron $400 23 $370 57
4500 Bray Park/ Cashmere/ Strathpine/ Warner/ etc. $340 62 $340 67
4501 Lawnton $330 16 $320 19
4502 Petrie $340 26 $320 27
4503 Dakabin/ Griffin/ Kallangur/ Murrumba Downs/ etc. $330 88 $330 87
4509 Mango Hill/ North Lakes $360 62 $360 55
4520 Camp Mountain/ Highvale/ Samford Village/ etc. $400 8 $400 14
4521 Dayboro/ Mt Pleasant/ Ocean View/ etc. $340 10 $335 8
Redcliffe Region $330 231 $320 204
4019 Clontarf/ Margate/ Woody Point $330 101 $320 88
4020 Redcliffe/ Scarborough $330 86 $320 77
4021 Kippa-Ring $320 26 $330 34
4022 Rothwell $330 18 $320 5
REDLAND CITY COUNCIL AREA $360 339 $360 320
4157 Capalaba/ Capalaba West/ Sheldon $360 44 $360 45
4158 Thorneside $350 11 $350 13
4159 Birkdale $380 30 $380 16
4160 Ormiston/ Wellington Point $380 38 $370 36
4161 Alexandra Hills $370 39 $360 42
4163 Cleveland $380 41 $380 44
4164 Thornlands $350 8 $380 18
4165 Mt Cotton/ Redland Bay/ Victoria Point/ etc. $360 64 $360 61
4183 Amity / Dunwich/ Nth Stradbroke Is/ Point Lookout $300 8 n.a. 4
4184 Coochiemudlo Is/ Macleay Is/ Russell Is/ etc. $225 56 $220 41
IPSWICH CITY COUNCIL AREA $240 192 $235 143
4300 Brookwater/ Camira/ Springfield Lakes/ etc. $250 29 $230 17
4301 Collingwood Park/ Redbank/ Redbank Plains $240 45 $250 37
4304 Blackstone/ Bundamba/ Silkstone/ etc. $240 34 $235 30
4305 Brassall/ Leichhardt/ Raceview/ Yamanto/ etc. $225 79 $225 58
LOGAN CITY COUNCIL AREA $250 249 $240 224
4114 Kingston/ Logan Central/ Woodridge $240 92 $240 82
4118 Browns Plains/ Heritage Park/ Regents Park/ etc. $265 8 n.a. 2
4123 Rochedale/ Rochedale South $270 8 $280 7
4127 Daisy Hill/ Slacks Creek/ Springwood/ etc. $300 27 $275 24
4128 Shailer Park/ Tanah Merah $285 10 $280 11
4131 Loganlea/ Meadowbrook $230 5 n.a. 3
4133 Chambers Flat/ Logan Reserve/ Waterford/ etc. $245 8 $245 9
4207 Beenleigh/ Eagleby/ Mt Warren Park/ etc. $240 83 $240 72
MORETON BAY REGIONAL COUNCIL AREA $270 429 $260 387
Caboolture Region $250 152 $260 144
4506 Moorina/ Morayfield $260 12 n.a. 4
4507 Banksia Beach/ Bellara/ Bongaree/ Woorim/ etc. $260 32 $250 44
4508 Deception Bay $290 21 $285 22
4510 Beachmere/ Caboolture/ Upper Caboolture/ etc. $240 80 $255 61
Pine Rivers Region $275 104 $270 107
4500 Bray Park/ Cashmere/ Strathpine/ Warner/ etc. $275 38 $270 39
4501 Lawnton $230 12 $230 9
4502 Petrie $250 5 $200 8
4503 Dakabin/ Griffin/ Kallangur/ Murrumba Downs/ etc. $275 32 $275 42
4509 Mango Hill/ North Lakes $280 11 $270 6
Redcliffe Region $270 173 $255 136
4019 Clontarf/ Margate/ Woody Point $250 74 $245 55
4020 Redcliffe/ Scarborough $275 93 $270 78
4021 Kippa-Ring $270 6 n.a. 3
REDLAND CITY COUNCIL AREA $295 94 $310 87
4157 Capalaba/ Capalaba West/ Sheldon $178 18 $285 15
4158 Thorneside $285 12 $290 8
4159 Birkdale $207 9 $300 5
4160 Ormiston/ Wellington Point $300 6 $260 6
4163 Cleveland $340 42 $375 42
IPSWICH CITY COUNCIL AREA $300 92 $300 105
4300 Brookwater/ Camira/ Springfield Lakes/ etc. $320 26 $330 37
4301 Collingwood Park/ Redbank/ Redbank Plains $295 19 $290 31
4304 Blackstone/ Bundamba/ Silkstone/ etc. $300 20 $300 19
4305 Brassall/ Leichhardt/ Raceview/ Yamanto/ etc. $300 26 $275 15
LOGAN CITY COUNCIL AREA $320 282 $310 276
4114 Kingston/ Logan Central/ Woodridge $310 28 $290 41
4118 Browns Plains/ Heritage Park/ Regents Park/ etc. $330 43 $330 36
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 13
BRISBANE SURROUNDS
3 BEDROOM TOWNHOUSES continued
Suburbs/Localities
Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de Suburbs/Localities
Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS
GOLD COAST CITY
3 BEDROOM TOWNHOUSES continued4119 Underwood $395 11 $385 16
4123 Rochedale/ Rochedale South $320 6 $350 7
4127 Daisy Hill/ Slacks Creek/ Springwood/ etc. $320 37 $300 42
4128 Shailer Park/ Tanah Merah $310 12 n.a. 4
4131 Loganlea/ Meadowbrook $345 34 $340 22
4132 Crestmead/ Marsden $300 14 $300 6
4133 Chambers Flat/ Logan Reserve/ Waterford/ etc. $300 9 $295 12
4207 Beenleigh/ Eagleby/ Mt Warren Park/ etc. $315 83 $310 79
MORETON BAY REGIONAL COUNCIL AREA $320 496 $315 313
Caboolture Region $295 187 $295 125
4505 Burpengary $300 39 $300 37
4506 Moorina/ Morayfield $290 37 n.a. 4
4507 Banksia Beach/ Bellara/ Bongaree/ Woorim/ etc. $300 12 $300 14
4508 Deception Bay $295 62 $290 41
4510 Beachmere/ Caboolture/ Upper Caboolture/ etc. $285 34 $280 21
Pine Rivers Region $330 209 $330 132
4035 Albany Creek/ Bridgeman Downs $370 5 n.a. 3
4055 Bunya/ Ferny Grove/ Ferny Hills/ Upper Kedron $335 5 $350 6
4500 Bray Park/ Cashmere/ Strathpine/ Warner/ etc. $335 41 $324 38
4501 Lawnton $340 15 $330 9
4502 Petrie $345 10 n.a. 0
4503 Dakabin/ Griffin/ Kallangur/ Murrumba Downs/ etc. $330 105 $330 72
4509 Mango Hill/ North Lakes $320 26 n.a. 4
Redcliffe Region $325 100 $320 56
4019 Clontarf/ Margate/ Woody Point $335 9 $315 14
4020 Redcliffe/ Scarborough $330 16 $330 10
4021 Kippa-Ring $325 61 $315 27
4022 Rothwell $290 14 $315 5
REDLAND CITY COUNCIL AREA $365 75 $360 82
4157 Capalaba/ Capalaba West/ Sheldon $350 5 $345 12
4158 Thorneside $350 10 $350 15
4160 Ormiston/ Wellington Point $360 12 $360 13
4163 Cleveland $400 25 $350 21
4165 Mt Cotton/ Redland Bay/ Victoria Point/ etc. $365 17 $360 15
Median house and unit prices The Gold Coast’s median house price remained steady at $490,000 over the March quarter. The region was also one of the few areas across the state to record a stable number of preliminary sales.
REIQ accredited agents say the market remained relatively stable over the March quarter, possibly due to the Gold Coast region being one of the few not affected by Queensland’s summer of natural disasters.
However, the market remains quite patchy with sales under $500,000 reasonably stable but sales above $1 million having experienced some downward price movement.
The poor state of the Gold Coast’s tourism and construction industries are continuing to impact the property market, with many people leaving the region to find work in Brisbane or mining areas.
Looking ahead, the Gold Coast is hopeful of securing the rights to host the 2018 Commonwealth Games, and funds have also been made available for its light rail infrastructure project, which local agents say, will help underpin the region’s market in the years ahead.
Solid performers over the March quarter for median house price growth included Currumbin Waters, Elanora and Oxenford.
Currumbin Water’s median house price increased 6 per cent to $515,000; Elanora’s was up 8 per cent to $523,747; and Oxenford’s increased 11.9 per cent to $491,000 – partly due to varying quality of stock sold over the period.
Over the quarter, the Gold Coast unit and townhouse market decreased 2.7 per cent in median price to $355,000. The preliminary numbers of sales were also down about 10 per cent on the previous quarter.
There has been a distinct slow-down in high-end unit sales. Local agents are reporting that the majority of sales are occurring in the sub-$400,000-price bracket as buyers search for that elusive bargain.
HO
USE PRICEPO
INTS - SA
LES NU
MBERS BY PRICE RA
NG
E
137
121
118
780
799
697
1177
1064
910
124
147
83
SEP 10
DEC 10
MAR 11
BRISBANE CITY HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
815
718
586
1009
885
779
328
291
244
16
20
6
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
24
20
25
433
376
371
332
318
350
49
37
36
SEP 10
DEC 10
MAR 11
GOLD COAST HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
68
49
55
322
307
269
189
178
154
26
15
20
SEP 10
DEC 10
MAR 11
SUNSHINE COAST HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
181
154
132
42
39
32
8
9
7
SEP 10
DEC 10
MAR 11
BUNDABERG HOUSE SALES<$350,000 $350,000+ $500,000+
166
148
113
165
139
106
55
55
48
SEP 10
DEC 10
MAR 11
CAIRNS HOUSE SALES<$350,000 $350,000+ $500,000+
156
147
129
51
40
31
9
7
1
SEP 10
DEC 10
MAR 11
FRASER COAST HOUSE SALES<$350,000 $350,000+ $500,000+
44
61
27
90
130
136
27
30
42
SEP 10
DEC 10
MAR 11
GLADSTONE HOUSE SALES<$350,000 $350,000+ $500,000+
178
170
145
214
234
162
57
63
42
SEP 10
DEC 10
MAR 11
TOWNSVILLE HOUSE SALES<$350,000 $350,000+ $500,000+
77
53
59
148
164
147
54
59
49
SEP 10
DEC 10
MAR 11
MACKAY HOUSE SALES<$350,000 $350,000+ $500,000+
162
142
125
62
59
69
22
18
21
SEP 10
DEC 10
MAR 11
ROCKHAMPTON HOUSE SALES<$350,000 $350,000+ $500,000+
266
230
236
97
110
74
16
27
22
SEP 10
DEC 10
MAR 11
TOOWOOMBA HOUSE SALES<$350,000 $350,000+ $500,000+
41
34
37
265
260
220
628
511
478
270
239
174
37
46
13
SEP 10
DEC 10
MAR 11
BRISBANE CITY UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
113
98
71
231
172
143
71
79
58
38
31
14
3
3
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
104
116
82
374
291
307
282
269
267
191
178
134
50
61
33
SEP 10
DEC 10
MAR 11
GOLD COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
46
58
62
140
125
118
99
102
97
77
84
64
24
15
22
SEP 10
DEC 10
MAR 11
SUNSHINE COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
20
14
12
12
10
8
6
2
0
3
2
3
SEP 10
DEC 10
MAR 11
BUNDABERG UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
119
124
66
56
46
30
32
24
10
21
25
10
SEP 10
DEC 10
MAR 11
CAIRNS UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
20
14
13
14
8
11
4
2
2
6
1
1
SEP 10
DEC 10
MAR 11
FRASER COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
17
13
0
5
13
20
4
19
12
6
6
8
SEP 10
DEC 10
MAR 11
GLADSTONE UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
22
26
26
31
44
29
21
18
19
11
17
10
SEP 10
DEC 10
MAR 11
TOWNSVILLE UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
20
9
11
26
19
20
9
9
8
7
4
2
SEP 10
DEC 10
MAR 11
MACKAY UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
19
10
6
7
16
8
11
9
3
4
2
0
SEP 10
DEC 10
MAR 11
ROCKHAMPTON UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
45
43
20
26
23
16
7
2
5
2
3
0
SEP 10
DEC 10
MAR 11
TOOWOOMBA UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 14
MARKETMONITORQ
UE
EN
SLA
ND
CONTENTS
38
14
21
54
27
28
34
26
8
15
7
6
SEP 10
DEC 10
MAR 11
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
436
271
216
77
57
47
12
8
9
8
4
5
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
Includes REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
52
19
17
25
7
20
1
1
3
6
9
15
SEP 10
DEC 10
MAR 11
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
39
36
26
18
14
17
18
8
15
9
3
11
SEP 10
DEC 10
MAR 11
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
44
40
26
0
1
0
2
0
1
SEP 10
DEC 10
MAR 11
BUNDABERG LAND SALES<$250,000 <$350,000 $350,000+
53
45
31
6
2
3
8
5
1
SEP 10
DEC 10
MAR 11
CAIRNS LAND SALES<$250,000 <$350,000 $350,000+
53
32
32
3
7
1
0
4
1
SEP 10
DEC 10
MAR 11
FRASER COAST LAND SALES<$250,000 <$350,000 $350,000+
57
88
47
4
2
6
2
1
5
SEP 10
DEC 10
MAR 11
GLADSTONE LAND SALES<$250,000 <$350,000 $350,000+
55
55
41
4
6
3
2
2
2
SEP 10
DEC 10
MAR 11
TOWNSVILLE LAND SALES<$250,000 <$350,000 $350,000+
68
37
20
13
7
4
3
5
1
SEP 10
DEC 10
MAR 11
MACKAY LAND SALES<$250,000 <$350,000 $350,000+
70
76
47
3
3
1
0
0
2
SEP 10
DEC 10
MAR 11
ROCKHAMPTON LAND SALES<$250,000 <$350,000 $350,000+
56
73
26
5
1
3
0
0
1
SEP 10
DEC 10
MAR 11
TOOWOOMBA LAND SALES<$250,000 <$350,000 $350,000+
GOLD COAST CITY
HOUSES HOUSES continued
Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
For example, the Oracle unit development at Broadbeach – where the majority of units sell for more than $1 million – had only two sales during the March quarter compared to nearly 20 during the December quarter.
In fact the number of $1 million-plus units sold on the Gold Coast have nearly halved compared to the December quarter with 33 recorded this quarter, compared to 61 previously.
Median vacant land pricesThe median price of land on the Gold Coast decreased 6.4 per cent $261,950 over the March quarter. The region only recorded 44 preliminary sales for vacant land under 2,4000m2 over the period which highlights the lack of vacant land available in the region.
GOLD COAST CITY (LGA) 782 $490,000 0.0% $495,000 0.0% 22.2%
GOLD COAST CITY (LGA) ^ 68 $650,000 -1.5% $700,000 2.2% 23.9%
ARUNDEL 19 $500,000 3.7% $464,500 -1.0% 16.1%
ASHMORE ~ 16 $420,000 -11.6% $460,000 -4.7% 18.7%
BENOWA + * f 8 $521,250 N/A $780,000 8.3% 29.8%
BIGGERA WATERS ~ f 9 $400,000 -10.5% $450,000 -18.6% 7.1%
BONOGIN ^ ~ 5 $690,000 19.9% $680,000 3.4% 38.5%
BROADBEACH WATERS ~ f 23 $730,000 5.0% $767,500 -9.7% 17.2%
BUNDALL ~ f 9 $783,300 -36.3% $960,000 13.6% 47.7%
BURLEIGH HEADS ~ f 13 $514,000 -7.8% $560,000 -1.1% 11.2%
BURLEIGH WATERS 39 $528,500 -3.0% $544,500 -3.3% 21.0%
CARRARA 20 $435,000 3.6% $430,000 -3.6% 18.3%
CLEAR ISLAND WATERS ~ f 12 $730,000 10.8% $751,000 -13.7% 0.6%
COOMBABAH 16 $397,500 1.9% $419,000 -2.6% 24.5%
COOMERA + * f 13 $536,500 -0.2% $545,000 -4.4% 13.5%
CURRUMBIN VALLEY ^ 2 N/A N/A $750,000 -1.6% 30.4%
CURRUMBIN WATERS 13 $515,000 6.0% $490,000 0.0% 28.3%
ELANORA ~ 20 $523,747 8.0% $525,000 4.0% 27.6%
HELENSVALE + f 39 $510,000 0.0% $510,000 0.0% 21.4%
HIGHLAND PARK ~ 7 $393,000 -15.5% $441,500 5.8% 31.8%
HOLLYWELL ~ 7 $500,000 -22.3% $560,000 1.8% 25.4%
HOPE ISLAND + * f ~ 12 $935,000 -52.1% $1,205,000 4.8% 14.8%
LABRADOR 21 $450,000 N/A $425,000 -1.0% 18.7%
LOWER BEECHMONT ~ 3 N/A N/A $397,500 13.2% 31.4%
MAUDSLAND 4 N/A N/A $460,000 6.3% 25.0%
MERMAID BEACH f 7 $1,050,000 N/A N/A N/A N/A
MERMAID WATERS ~ 28 $585,000 -1.3% $618,500 -5.6% 12.2%
MERRIMAC 9 $440,000 7.6% $415,500 0.4% 22.9%
MIAMI ~ 9 $515,000 -14.8% $535,000 -0.9% 25.9%
MOLENDINAR 8 $499,250 N/A $494,000 -3.6% 19.0%
MUDGEERABA 33 $450,000 -1.3% $465,500 -1.8% 25.8%
MUDGEERABA ^ 8 $630,000 7.5% $702,500 7.7% 26.6%
NERANG 20 $392,500 6.1% $377,000 -2.1% 21.6%
NERANG ^ 3 N/A N/A $750,000 0.7% 15.4%
ORMEAU 26 $451,250 0.4% $447,000 1.6% 20.8%
ORMEAU ^ 2 N/A N/A $659,500 -3.0% 20.5%
OXENFORD ~ 18 $491,000 11.9% $445,000 -1.1% 25.4%
PACIFIC PINES 42 $460,000 -2.1% $460,000 -0.1% 22.7%
PALM BEACH ~ 23 $475,000 -10.4% $539,500 0.8% 26.9%
PARADISE POINT ² 6 N/A N/A $595,000 1.9% 16.7%
PARKWOOD 18 $478,500 4.9% $485,000 2.1% 24.9%
REEDY CREEK ~ 14 $577,500 -17.5% $642,500 1.0% 49.8%
ROBINA 46 $530,000 -2.8% $538,000 0.3% 15.7%
RUNAWAY BAY ~ f 12 $546,500 -18.1% $750,000 3.1% -7.4%
SOUTHPORT ~ f 31 $423,000 -9.0% $468,000 2.9% 23.2%
SOVEREIGN ISLAND * f 10 $2,090,000 N/A $1,790,000 -26.0% -2.2%
SURFERS PARADISE f 5 N/A N/A $1,227,500 -1.8% -8.1%
TALLAI ^ ~ 2 N/A N/A $750,000 -6.3% 28.8%
TALLEBUDGERA ^ ~ 8 $730,000 -23.2% $760,000 8.6% 37.7%
TUGUN ~ 10 $433,000 -1.6% $440,000 -4.0% 4.8%
UPPER COOMERA 45 $400,000 -3.0% $414,500 -1.3% 23.7%
VARSITY LAKES 18 $500,000 2.6% $485,000 2.1% 21.3%
WORONGARY 3 N/A N/A $405,000 0.4% 22.1%
WORONGARY ^ ~ 11 $520,000 -28.0% $647,500 -6.8% 11.7%
Local agents say the only land available left to development is at the northern end of the Gold Coast. Coomera on the Coast’s northern border recorded the most preliminary number of sales, at 11 over the quarter. Its median price decreased 0.8 per cent to $238,000 over the period.
Median rentsThe median rent for a two-bedroom unit on the Gold Coast stayed stable at $350 per week between March 2011 and March last year. The median rent for a three-bedroom house increased $5 per week to $400 over the same period.
While REIQ agents on the Gold Coast are reporting slower market conditions and a slight oversupply of stock, the REIQ’s rental survey results showed a vacancy rate of 3.6 per cent, indicating that market conditions appear to have tightened since September last year when vacancy rates were at 4.3 per cent.
Agents also report the quality of rental stock has improved as a number of holiday lettings in resort-style complexes have been put into the permanent rental market, given the slowdown in the tourism industry. This in turn has created competition in terms of asking prices, with units and townhouses in complexes with less or no resort features reducing their asking rents in order to secure tenants.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 15
GOLD COAST CITY
Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
MEDIAN SALES DATA
VACANT URBAN LAND
UNITS & TOWNHOUSES 3 BEDROOM HOUSES
Localities Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS
3 BEDROOM TOWNHOUSES
2 BEDROOM FLATS/UNITS
GOLD COAST CITY (LGA) 823 $355,000 -2.7% $369,000 -1.3% 15.8%
ARUNDEL 6 N/A N/A $325,000 0.0% 27.5%
ASHMORE ~ 10 $362,500 25.0% $311,000 0.1% 24.4%
BENOWA - * f 17 $435,490 N/A $450,000 -3.2% 52.0%
BIGGERA WATERS ~ f 14 $313,000 -10.6% $340,000 -9.9% 21.4%
BILINGA 1 N/A N/A $526,250 9.6% 21.0%
BROADBEACH * f 54 $427,500 -20.1% $447,500 -4.8% 8.2%
BROADBEACH WATERS 4 N/A N/A $404,750 -3.6% 30.6%
BURLEIGH HEADS f 37 $365,000 1.1% $385,000 -6.1% 10.6%
BURLEIGH WATERS 14 $358,750 4.0% $355,000 -1.4% 21.8%
CARRARA - * f 7 $442,500 8.3% $439,750 14.2% 13.5%
CLEAR ISLAND WATERS - f 3 N/A N/A $465,000 10.1% 40.9%
COOLANGATTA f 39 $425,000 -5.6% $435,000 -6.2% 8.8%
COOMBABAH 7 N/A N/A $320,000 -3.0% 28.0%
COOMERA - f * 2 N/A N/A $315,000 -6.2% 36.4%
CURRUMBIN ~ f 6 N/A N/A $382,500 -0.6% -8.9%
CURRUMBIN WATERS f 10 $330,000 3.9% $320,000 -5.6% 24.3%
ELANORA 6 N/A N/A $331,500 -0.3% 22.8%
HELENSVALE - * 5 N/A N/A $330,000 1.5% 39.2%
HOPE ISLAND - * f 19 $410,000 -3.5% $396,000 -24.6% -25.3%
LABRADOR 43 $315,000 -6.0% $316,000 -0.3% 23.4%
MAIN BEACH ~ f 23 $460,000 -24.6% $602,500 -4.2% 6.6%
MERMAID BEACH ~ f * 17 $375,000 21.8% $372,500 1.3% 16.4%
MERMAID WATERS f 10 $302,500 -9.7% $317,500 -3.6% 19.8%
MERRIMAC * f 6 N/A N/A $410,000 17.6% 71.9%
MIAMI * f 16 $340,000 -7.6% $367,000 -4.4% 14.7%
MUDGEERABA * 14 $298,500 -6.7% $327,500 -5.2% 31.0%
NERANG 7 N/A N/A $304,000 5.9% 21.1%
ORMEAU 6 N/A N/A $363,000 3.1% 25.1%
OXENFORD ~ 9 $257,000 -11.4% $290,000 0.0% 29.8%
PACIFIC PINES 10 $311,500 -2.7% $370,250 -1.8% 45.2%
PALM BEACH ~ f * 28 $376,500 11.4% $370,000 2.8% 27.6%
PARADISE POINT ² ~ f 12 $350,000 N/A $360,000 -5.3% 18.0%
REEDY CREEK - ~ * 8 $391,000 29.3% $315,000 4.0% 40.0%
ROBINA ~ * 22 $333,750 -23.6% $450,000 0.0% 28.5%
RUNAWAY BAY ~ f 16 $382,500 -4.0% $357,000 -28.5% -28.2%
SOUTHPORT ~ f * 111 $338,000 -5.8% $337,500 -10.1% 12.5%
SURFERS PARADISE ~ f * 146 $350,000 0.0% $375,000 6.2% 0.0%
TUGUN ~ 10 $327,500 -10.3% $417,500 -1.2% 24.6%
UPPER COOMERA - 9 $330,000 -4.3% $340,500 -0.4% 9.8%
VARSITY LAKES ~ 25 $355,000 -9.2% $390,000 0.0% 12.6%
GOLD COAST CITY (LGA) + * f 44 $261,950 -6.4% $257,840 6.2% 30.9%
GOLD COAST CITY (LGA) ^ ~ 8 N/A N/A $420,000 13.5% 16.7%
COOMERA + * f 11 $238,000 -0.8% $241,450 -3.8% 4.1%
GILSTON * 2 N/A N/A $251,250 13.7% 31.9%
HELENSVALE + ~ f 0 N/A N/A $550,000 11.1% 25.4%
HOPE ISLAND + ~ f 8 $660,000 11.9% $434,000 2.1% -15.7%
ORMEAU * 3 N/A N/A $263,000 16.9% 45.3%
OXENFORD ~ 8 $225,000 N/A $226,000 -1.7% 1.5%
PACIFIC PINES 3 N/A N/A $240,000 1.9% 26.3%
PIMPAMA * 2 N/A N/A $217,000 -1.4% 14.8%
REEDY CREEK 3 N/A N/A $338,200 5.3% 40.9%
UPPER COOMERA + 4 N/A N/A $252,000 7.9% 36.2%
GOLD COAST CITY COUNCIL AREA $400 1,054 $395 1,055
4208 Jacobs Well/ Ormeau/ Ormeau Hills/ etc. $360 27 $360 28
4209 Coomera/ Pimpama/ Upper Coomera/ Willow Vale $360 67 $360 78
4210 Guanaba/ Maudsland/ Oxenford/ Wongawallan $380 21 $380 27
4211 Carrara/ Highland Park/ Nerang/ Pacific Pines/ etc. $380 141 $375 125
4212 Helensvale/ Hope Island $440 68 $400 54
4213 Bonogin/ Mudgeeraba/ Tallai/ Worongary/ etc. $400 60 $400 79
4214 Arundel/ Ashmore/ Molendinar/ Parkwood $400 94 $395 88
4215 Labrador/ Southport $390 79 $380 113
4216 Biggera Waters/ Paradise Pt/ Runaway Bay/ etc. $390 90 $380 71
4217 Benowa/ Main Beach/ Surfers Paradise/ etc. $480 40 $470 48
4218 Broadbeach/ Mermaid Beach/ Mermaid Wates/ etc. $480 90 $470 68
4220 Burleigh Heads/ Burleigh Waters/ Miami $435 66 $420 59
4221 Elanora/ Palm Beach $450 57 $415 53
4223 Currumbin/ Currumbin Valley/ Currumbin Waters $420 36 $390 39
4224 Tugun $380 5 $400 9
4225 Bilinga/ Coolangatta $370 6 $365 6
4226 Clear Island Waters/ Merrimac/ Robina $430 64 $410 62
4227 Reedy Creek/ Varsity Lakes $440 41 $420 46
GOLD COAST CITY COUNCIL AREA $350 2,751 $350 2,634
4209 Coomera/ Pimpama/ Upper Coomera/ Willow Vale $164 27 $210 11
4210 Guanaba/ Maudsland/ Oxenford/ Wongawallan $290 12 $285 10
4211 Carrara/ Highland Park/ Nerang/ Pacific Pines/ etc. $270 28 $290 39
4212 Helensvale/ Hope Island $370 69 $370 58
4214 Arundel/ Ashmore/ Molendinar/ Parkwood $295 22 $320 12
4215 Labrador/ Southport $330 636 $340 598
4216 Biggera Waters/ Paradise Pt/ Runaway Bay/ etc. $330 203 $320 197
4217 Benowa/ Main Beach/ Surfers Paradise/ etc. $380 590 $390 559
4218 Broadbeach/ Mermaid Beach/ Mermaid Wates/ etc. $340 359 $340 374
4220 Burleigh Heads/ Burleigh Waters/ Miami $350 223 $350 228
4221 Elanora/ Palm Beach $300 152 $295 150
4223 Currumbin/ Currumbin Valley/ Currumbin Waters $340 39 $350 39
4224 Tugun $320 51 $310 46
4225 Bilinga/ Coolangatta $310 124 $300 131
4226 Clear Island Waters/ Merrimac/ Robina $390 86 $390 90
4227 Reedy Creek/ Varsity Lakes $420 126 $420 85
GOLD COAST CITY COUNCIL AREA $360 1,214 $360 1,074
4208 Jacobs Well/ Ormeau/ Ormeau Hills/ etc. $340 9 $350 25
4209 Coomera/ Pimpama/ Upper Coomera/ Willow Vale $340 143 $335 115
4210 Guanaba/ Maudsland/ Oxenford/ Wongawallan $320 19 $330 16
4211 Carrara/ Highland Park/ Nerang/ Pacific Pines/ etc. $350 186 $350 159
4212 Helensvale/ Hope Island $380 40 $380 28
4213 Bonogin/ Mudgeeraba/ Tallai/ Worongary/ etc. $350 45 $340 36
4214 Arundel/ Ashmore/ Molendinar/ Parkwood $350 84 $360 52
4215 Labrador/ Southport $380 161 $360 130
4216 Biggera Waters/ Paradise Pt/ Runaway Bay/ etc. $360 101 $355 97
4217 Benowa/ Main Beach/ Surfers Paradise/ etc. $440 57 $450 51
4218 Broadbeach/ Mermaid Beach/ Mermaid Wates/ etc. $440 22 $410 15
4220 Burleigh Heads/ Burleigh Waters/ Miami $395 40 $360 36
4221 Elanora/ Palm Beach $380 22 $360 27
4223 Currumbin/ Currumbin Valley/ Currumbin Waters $350 13 $350 14
4224 Tugun $430 31 $440 26
4226 Clear Island Waters/ Merrimac/ Robina $410 137 $380 150
4227 Reedy Creek/ Varsity Lakes $390 98 $380 86
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 16
MARKETMONITORQ
UE
EN
SLA
ND
CONTENTS
HO
USE PRICEPO
INTS - SA
LES NU
MBERS BY PRICE RA
NG
E
137
121
118
780
799
697
1177
1064
910
124
147
83
SEP 10
DEC 10
MAR 11
BRISBANE CITY HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
815
718
586
1009
885
779
328
291
244
16
20
6
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
24
20
25
433
376
371
332
318
350
49
37
36
SEP 10
DEC 10
MAR 11
GOLD COAST HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
68
49
55
322
307
269
189
178
154
26
15
20
SEP 10
DEC 10
MAR 11
SUNSHINE COAST HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
181
154
132
42
39
32
8
9
7
SEP 10
DEC 10
MAR 11
BUNDABERG HOUSE SALES<$350,000 $350,000+ $500,000+
166
148
113
165
139
106
55
55
48
SEP 10
DEC 10
MAR 11
CAIRNS HOUSE SALES<$350,000 $350,000+ $500,000+
156
147
129
51
40
31
9
7
1
SEP 10
DEC 10
MAR 11
FRASER COAST HOUSE SALES<$350,000 $350,000+ $500,000+
44
61
27
90
130
136
27
30
42
SEP 10
DEC 10
MAR 11
GLADSTONE HOUSE SALES<$350,000 $350,000+ $500,000+
178
170
145
214
234
162
57
63
42
SEP 10
DEC 10
MAR 11
TOWNSVILLE HOUSE SALES<$350,000 $350,000+ $500,000+
77
53
59
148
164
147
54
59
49
SEP 10
DEC 10
MAR 11
MACKAY HOUSE SALES<$350,000 $350,000+ $500,000+
162
142
125
62
59
69
22
18
21
SEP 10
DEC 10
MAR 11
ROCKHAMPTON HOUSE SALES<$350,000 $350,000+ $500,000+
266
230
236
97
110
74
16
27
22
SEP 10
DEC 10
MAR 11
TOOWOOMBA HOUSE SALES<$350,000 $350,000+ $500,000+
41
34
37
265
260
220
628
511
478
270
239
174
37
46
13
SEP 10
DEC 10
MAR 11
BRISBANE CITY UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
113
98
71
231
172
143
71
79
58
38
31
14
3
3
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
104
116
82
374
291
307
282
269
267
191
178
134
50
61
33
SEP 10
DEC 10
MAR 11
GOLD COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
46
58
62
140
125
118
99
102
97
77
84
64
24
15
22
SEP 10
DEC 10
MAR 11
SUNSHINE COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
20
14
12
12
10
8
6
2
0
3
2
3
SEP 10
DEC 10
MAR 11
BUNDABERG UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
119
124
66
56
46
30
32
24
10
21
25
10
SEP 10
DEC 10
MAR 11
CAIRNS UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
20
14
13
14
8
11
4
2
2
6
1
1
SEP 10
DEC 10
MAR 11
FRASER COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
17
13
0
5
13
20
4
19
12
6
6
8
SEP 10
DEC 10
MAR 11
GLADSTONE UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
22
26
26
31
44
29
21
18
19
11
17
10
SEP 10
DEC 10
MAR 11
TOWNSVILLE UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
20
9
11
26
19
20
9
9
8
7
4
2
SEP 10
DEC 10
MAR 11
MACKAY UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
19
10
6
7
16
8
11
9
3
4
2
0
SEP 10
DEC 10
MAR 11
ROCKHAMPTON UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
45
43
20
26
23
16
7
2
5
2
3
0
SEP 10
DEC 10
MAR 11
TOOWOOMBA UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
38
14
21
54
27
28
34
26
8
15
7
6
SEP 10
DEC 10
MAR 11
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
436
271
216
77
57
47
12
8
9
8
4
5
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
Includes REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
52
19
17
25
7
20
1
1
3
6
9
15
SEP 10
DEC 10
MAR 11
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
39
36
26
18
14
17
18
8
15
9
3
11
SEP 10
DEC 10
MAR 11
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
44
40
26
0
1
0
2
0
1
SEP 10
DEC 10
MAR 11
BUNDABERG LAND SALES<$250,000 <$350,000 $350,000+
53
45
31
6
2
3
8
5
1
SEP 10
DEC 10
MAR 11
CAIRNS LAND SALES<$250,000 <$350,000 $350,000+
53
32
32
3
7
1
0
4
1
SEP 10
DEC 10
MAR 11
FRASER COAST LAND SALES<$250,000 <$350,000 $350,000+
57
88
47
4
2
6
2
1
5
SEP 10
DEC 10
MAR 11
GLADSTONE LAND SALES<$250,000 <$350,000 $350,000+
55
55
41
4
6
3
2
2
2
SEP 10
DEC 10
MAR 11
TOWNSVILLE LAND SALES<$250,000 <$350,000 $350,000+
68
37
20
13
7
4
3
5
1
SEP 10
DEC 10
MAR 11
MACKAY LAND SALES<$250,000 <$350,000 $350,000+
70
76
47
3
3
1
0
0
2
SEP 10
DEC 10
MAR 11
ROCKHAMPTON LAND SALES<$250,000 <$350,000 $350,000+
56
73
26
5
1
3
0
0
1
SEP 10
DEC 10
MAR 11
TOOWOOMBA LAND SALES<$250,000 <$350,000 $350,000+
TOOWOOMBA REGIONAL
Median house and unit prices After a strong performance throughout most of 2010, the Toowoomba market has reacted to the devastating floods that hit the region in early January.
The median house price in Toowoomba decreased 5 per cent to $292,250 over the March quarter. Preliminary sales numbers were also down about 10 per cent on the previous quarter.
According to local agents, the January floods knocked the wind out of the sails of a market that had previously been performing well.
Since that time, the market has been subdued. There is reportedly little confidence amongst buyers and banks are hesitant to lend money.
The strongest activity is occurring at the affordable end of the market for properties priced between $200,000 and $300,000. And local agents say that it is the affordability of property in the region which will continue to attract buyers.
Solid performers over the quarter included Darling Heights, up 3.8 per cent to $298,000, and Harristown, up 7.6 per cent to $274,500.
While there is currently lower activity across the board, the strength of the resources sector has helped the region to perform well over the past 12 months and, according to local agents, will do so again. Indeed many believe that the huge explosion of mining activity occurring right on the region’s door-step will very soon begin to flow through to their property market again. To this end, agents are reporting increased enquiry from international buyers looking to capitalise on the market before it starts moving.
The median unit and townhouse price increased 9.2 per cent to $250,000 over the period. The numbers of preliminary unit sales were down about 30 per cent on the previous year, however, Toowoomba only has a small market for this type of housing.
The increase in median price over the quarter can mainly be attributed to the sale of higher-end three-bedroom properties in new, boutique complexes in suburbs close to the city, such as East Toowoomba.
Median land prices The median price for land in the Toowoomba region increased 23 per cent to $149,500 over the quarter however this figure was impacted by the sale of new stock.
Local agents report that the sale of land continues to be steady with a couple of new residential developments also now available in Kearney’s Springs and Glenvale. The sale of land in Highfields is also performing well.
Since 1 June last year, about 46 Regional First Home Owner Grants have been paid to first-timers buying a new-build home on the Darling Downs. But this option, mostly, remains out of the financial reach of first home buyers in the region given there is a plethora of affordable established stock to choose
from.
Median rents The median rent for a three-bedroom house increased $10 per week to $270 between March 2011 and March this year. The median rent for a two-bedroom unit increased $10 per week to $210 over the same period.
The REIQ’s rental survey has shown an easing of demand yet still very tight rental conditions in the Toowoomba area, with vacancy rates sitting at 1.6 per cent in March.
REIQ agents in Toowoomba report a lack of supply which is leading to increased asking rents for lower quality homes. However, there are reports of properties being withdrawn from the sales market after failing to sell and subsequently being offered for rent which will likely help to keep a lid on rents.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 17
TOOWOOMBA REGIONAL
HOUSES
Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
VACANT URBAN LAND
UNITS & TOWNHOUSES
2 BEDROOM FLATS/UNITS
3 BEDROOM HOUSES
3 BEDROOM TOWNHOUSES
MEDIAN WEEKLY RENTSSuburbs/Localities
Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de
TOOWOOMBA (LGA) ~ 332 $292,250 -5.0% $295,000 1.9% 26.3%
TOOWOOMBA (LGA) ^ 49 $416,000 -1.5% $440,000 3.8% 25.7%
CENTENARY HEIGHTS 23 $286,000 -2.1% $295,250 -0.9% 25.6%
CROWS NEST 2 N/A N/A $237,500 2.2% 35.7%
DARLING HEIGHTS 16 $298,000 3.8% $300,000 2.2% 20.2%
EAST TOOWOOMBA ~ 13 $330,000 -17.5% $360,000 -1.5% 28.6%
GLENVALE 11 $340,000 1.3% $325,000 0.0% 25.5%
HARLAXTON ~ 8 $233,000 N/A $246,250 7.1% 23.1%
HARRISTOWN ~ 28 $274,500 7.6% $266,500 4.1% 24.0%
HIGHFIELDS * 12 $424,750 -5.7% $419,900 -5.0% 14.6%
HIGHFIELDS ^ ~ 8 $442,500 4.1% $435,000 6.1% 19.2%
KEARNEYS SPRING ~ 15 $271,000 -14.8% $316,250 2.8% 18.4%
MERINGANDAN WEST ^ 4 N/A N/A $334,000 2.1% 33.6%
MIDDLE RIDGE ~ 19 $457,000 6.3% $435,000 -0.5% 22.5%
MOUNT LOFTY ~ 7 $342,500 13.2% $325,000 -3.6% 20.4%
NEWTOWN 24 $247,000 0.0% $254,500 2.2% 25.4%
NORTH TOOWOOMBA ~ 9 $225,000 -15.1% $252,750 7.0% 28.6%
OAKEY 2 N/A N/A $230,500 4.8% 39.7%
RANGEVILLE ~ 31 $355,000 -7.8% $371,250 0.3% 23.8%
ROCKVILLE 14 $263,250 N/A $256,000 2.5% 22.8%
SOUTH TOOWOOMBA ~ 15 $250,000 -21.9% $275,000 6.8% 31.0%
TOOWOOMBA CITY 4 N/A N/A $271,000 6.3% 23.2%
WESTBROOK ~ 9 $365,000 -13.5% $400,000 6.7% 29.0%
WILSONTON 22 $270,750 3.3% $274,000 -0.4% 22.9%
WILSONTON HEIGHTS 10 $242,500 0.0% $246,250 0.5% 26.3%
WYREEMA ~ 2 N/A N/A $287,500 -5.4% 28.9%
TOOWOOMBA (LGA) ~ 41 $250,000 9.2% $242,250 5.8% 18.2%
EAST TOOWOOMBA ~ * 6 N/A N/A $250,000 6.4% -13.3%
HARRISTOWN * 2 N/A N/A $247,250 N/A 23.0%
KEARNEYS SPRING ~ 10 $252,500 14.4% $250,000 0.0% 5.9%
NEWTOWN 4 N/A N/A $220,000 1.9% 27.2%
RANGEVILLE 2 N/A N/A $288,000 N/A 28.6%
SOUTH TOOWOOMBA 3 N/A N/A $217,000 6.5% 0.9%
TOOWOOMBA (LGA) ~ * 30 $149,500 23.0% $140,250 8.3% 47.6%
TOOWOOMBA (LGA) ^ ~ * 28 $170,000 9.7% $160,000 -3.0% 28.0%
GLENVALE * 6 $142,000 N/A $143,000 11.7% 43.7%
GOWRIE JUNCTION ^ * 6 $155,500 10.3% $141,000 4.4% N/A
HARRISTOWN * 1 N/A N/A $150,000 16.3% N/A
HODGSON VALE ^ 2 N/A N/A $165,000 N/A 22.2%
KLEINTON * 2 N/A N/A $147,250 13.3% N/A
MIDDLE RIDGE 1 N/A N/A $201,500 3.9% 34.3%
MOUNT LOFTY ~ * 5 $282,000 N/A N/A N/A N/A
OAKEY * 0 N/A N/A $86,000 N/A N/A
WESTBROOK * 3 N/A N/A $125,250 16.0% 50.9%
TOOWOOMBA REGIONAL COUNCIL AREA $270 695 $260 661
4350 Newtown/ Rangeville/ Harristown/ Wilsonton/ etc. $270 536 $265 501
4352 Highfields/ Meringandan/ Preston/ Withcott/ etc. $300 26 $280 29
4354 Douglas/ Goombungee/ Kibirnie $210 9 n.a. 3
4355 Crows Nest/ Glenaven/ Jones Gully/ etc. $220 10 $200 13
4356 Pittsworth/ Bongeen/ Stoneleigh/ etc. $245 25 $220 27
4357 Millmerran/ Bringalily/ Stonehenge/ etc. $230 10 $200 8
4358 Cambooya/ Eton Vale/ Felton/ etc. $245 10 n.a. 2
4359 Ascot/ Budgee/ Greenmount/ etc. $240 6 n.a. 4
4361 Back Plains/ Clifton/ Sandy Camp/ etc. $230 12 $230 17
4401 Acland/ Biddeston/ Oakey/ etc. $250 35 $220 30
TOOWOOMBA REGIONAL COUNCIL AREA $210 401 $200 383
4350 Newtown/ Rangeville/ Harristown/ Wilsonton/ etc. $210 374 $200 353
4401 Acland/ Biddeston/ Oakey/ etc. $185 11 $170 14
TOOWOOMBA REGIONAL COUNCIL AREA $280 20 $275 15
4350 Newtown/ Rangeville/ Harristown/ Wilsonton/ etc. $280 20 $270 14
SUNSHINE COAST REGIONAL
Median house and unit prices The Sunshine Coast recorded patchy results over the March quarter and since that time market conditions have remained uninspiring.
The Sunshine Coast median house price increased 0.1 per cent to $450,500 over the quarter. Preliminary sales numbers were down about 9 per cent on the previous quarter.
According to local agents, there appears to be plentiful buyers on the ground, but they remain subdued and hesitant to make a decision.
Media commentary on the state of the market as well as speculation about new taxes and future interest rate rises are continuing to affect confidence amongst buyers in the region.
The residential market continues to be hamstrung by reluctant buyers and a host of sellers who believe the market is better than it really is. Sellers continue to be overly-optimistic about the price they can achieve which is resulting in their property stagnating on the market. It is only the sellers who are prepared to meet the market on price that are making a sale.
And while the Sunshine Coast remained mainly physically unscathed during the January floods, media coverage of the disaster did take its toll on the local property market with a number of prospective interstate or overseas buyers cancelling inspections over the period.
Solid house performers over the March quarter included the Glass House Mountains, up 8.4 per cent to $433,500, and Wurtulla, up 4.3 per cent to $455,000.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 18
MARKETMONITORQ
UE
EN
SLA
ND
CONTENTS
41
34
37
265
260
220
628
511
478
270
239
174
37
46
13
SEP 10
DEC 10
MAR 11
BRISBANE CITY UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
113
98
71
231
172
143
71
79
58
38
31
14
3
3
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
104
116
82
374
291
307
282
269
267
191
178
134
50
61
33
SEP 10
DEC 10
MAR 11
GOLD COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
46
58
62
140
125
118
99
102
97
77
84
64
24
15
22
SEP 10
DEC 10
MAR 11
SUNSHINE COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
20
14
12
12
10
8
6
2
0
3
2
3
SEP 10
DEC 10
MAR 11
BUNDABERG UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
119
124
66
56
46
30
32
24
10
21
25
10
SEP 10
DEC 10
MAR 11
CAIRNS UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
20
14
13
14
8
11
4
2
2
6
1
1
SEP 10
DEC 10
MAR 11
FRASER COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
17
13
0
5
13
20
4
19
12
6
6
8
SEP 10
DEC 10
MAR 11
GLADSTONE UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
22
26
26
31
44
29
21
18
19
11
17
10
SEP 10
DEC 10
MAR 11
TOWNSVILLE UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
20
9
11
26
19
20
9
9
8
7
4
2
SEP 10
DEC 10
MAR 11
MACKAY UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
19
10
6
7
16
8
11
9
3
4
2
0
SEP 10
DEC 10
MAR 11
ROCKHAMPTON UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
45
43
20
26
23
16
7
2
5
2
3
0
SEP 10
DEC 10
MAR 11
TOOWOOMBA UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
SUNSHINE COAST REGIONAL
HO
USE PRICEPO
INTS - SA
LES NU
MBERS BY PRICE RA
NG
E
137
121
118
780
799
697
1177
1064
910
124
147
83
SEP 10
DEC 10
MAR 11
BRISBANE CITY HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
815
718
586
1009
885
779
328
291
244
16
20
6
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
24
20
25
433
376
371
332
318
350
49
37
36
SEP 10
DEC 10
MAR 11
GOLD COAST HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
68
49
55
322
307
269
189
178
154
26
15
20
SEP 10
DEC 10
MAR 11
SUNSHINE COAST HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
181
154
132
42
39
32
8
9
7
SEP 10
DEC 10
MAR 11
BUNDABERG HOUSE SALES<$350,000 $350,000+ $500,000+
166
148
113
165
139
106
55
55
48
SEP 10
DEC 10
MAR 11
CAIRNS HOUSE SALES<$350,000 $350,000+ $500,000+
156
147
129
51
40
31
9
7
1
SEP 10
DEC 10
MAR 11
FRASER COAST HOUSE SALES<$350,000 $350,000+ $500,000+
44
61
27
90
130
136
27
30
42
SEP 10
DEC 10
MAR 11
GLADSTONE HOUSE SALES<$350,000 $350,000+ $500,000+
178
170
145
214
234
162
57
63
42
SEP 10
DEC 10
MAR 11
TOWNSVILLE HOUSE SALES<$350,000 $350,000+ $500,000+
77
53
59
148
164
147
54
59
49
SEP 10
DEC 10
MAR 11
MACKAY HOUSE SALES<$350,000 $350,000+ $500,000+
162
142
125
62
59
69
22
18
21
SEP 10
DEC 10
MAR 11
ROCKHAMPTON HOUSE SALES<$350,000 $350,000+ $500,000+
266
230
236
97
110
74
16
27
22
SEP 10
DEC 10
MAR 11
TOOWOOMBA HOUSE SALES<$350,000 $350,000+ $500,000+
The Sunshine Coast median unit and townhouse price decreased 2.1 per cent to $350,000 over the quarter.
There remains an oversupply of units on the Sunshine Coast which is resulting in downward pressure on prices. To this end, however, there is currently a plethora of buying opportunities including older unit stock close to the beach in Maroochydore and Mooloolaba for about $300,000.
Median land prices The median price of vacant land on the Sunshine Coast increased 20.8 per cent to $290,000 over the March quarter however this figure was impacted by the higher number of new stock, and waterfront stock, sold over the period.
The new development Brightwater, located between Mountain Creek and Kawana Island, has been very well received by buyers given it offers small affordably-priced lots.
However, there remains a lack of supply of vacant land in the region. In fact, local agents says that while established house prices have depreciated of late, the price of constructing a new home has not, which is prompting even more buyers to seek out existing homes.
Median rents On the Sunshine Coast, vacancy rates as at the end of March eased to 3.7 per cent, up from 3.4 per cent in September.
The median weekly rent for a three-bedroom house on the Sunshine Coast increased $10 per week to $370 between March this year and March last year. The median rent for a two-bedroom unit was steady at $300 per week over the period.
REIQ agents reported lower tenant enquiry in March with many only receiving up to two applicants per listing. With a quiet sales market, agents are also reporting an increase in rental stock as properties are taken off the market and put up for rent.
Since March, the rental market has improved given the large number of would-be home buyers that are remaining in the rental pool. Many of these buyers are also opting for better quality, higher-priced, properties.
HOUSES
Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
MEDIAN SALES DATA
SUNSHINE COAST (LGA) 498 $450,500 0.1% $464,900 0.0% 20.8%
SUNSHINE COAST (LGA) ^ 116 $566,000 -0.6% $575,000 2.7% 23.7%
ALEXANDRA HEADLAND 3 N/A N/A $685,000 N/A 14.2%
AROONA ~ 10 $472,500 12.8% $425,000 0.0% 20.4%
BATTERY HILL 4 N/A N/A $418,500 2.1% 18.2%
BEERWAH ~ 9 $365,000 -6.4% $405,000 0.6% 39.7%
BLACK MOUNTAIN ^ 3 N/A N/A $532,500 4.2% 28.3%
BLI BLI 10 $407,125 -1.1% $400,000 -1.1% 23.1%
BUDDINA ~ 10 $477,500 N/A $650,000 13.0% 36.8%
BUDERIM 54 $485,000 0.4% $523,000 -1.3% 23.1%
BURNSIDE * 3 N/A N/A $378,000 -0.5% 40.5%
CALOUNDRA WEST 11 $418,000 3.0% $416,736 -1.4% 19.4%
COOLUM BEACH ~ f 17 $415,500 -12.1% $460,000 -4.6% 9.5%
COOROY 3 N/A N/A $430,000 4.2% 32.3%
CURRIMUNDI 16 $407,500 1.1% $420,000 -1.9% 16.7%
DICKY BEACH 7 $870,000 N/A $550,000 N/A N/A
DOONAN ^ ~ 7 $1,300,000 97.0% $790,000 24.4% 42.3%
EUMUNDI ^ ~ 2 N/A N/A $558,000 N/A -4.6%
GLASS HOUSE MOUNTAINS ~ 7 $433,500 8.4% $425,000 -2.3% 34.5%
GOLDEN BEACH 6 N/A N/A $450,000 0.0% 19.8%
KULUIN ~ 6 N/A N/A $388,500 -4.1% 14.6%
LANDSBOROUGH 7 $348,000 N/A $379,500 2.6% 32.6%
LITTLE MOUNTAIN 18 $456,500 1.3% $457,000 -2.8% 23.5%
MALENY ^ 7 $770,000 N/A $625,000 3.3% 24.4%
MALENY ~ 5 N/A N/A $434,000 -4.0% 28.2%
MAROOCHYDORE ~ 15 $427,500 -13.0% $460,000 0.5% 17.9%
MERIDAN PLAINS ~ 5 N/A N/A $420,000 -4.5% 10.5%
MINYAMA ~ f 6 N/A N/A $759,500 -22.9% 40.3%
MOFFAT BEACH ~ 4 N/A N/A $575,000 15.0% 36.6%
MOOLOOLABA ~ f 15 $478,500 -7.6% $519,050 -12.6% 14.1%
MOOLOOLAH VALLEY ^ ~ 5 $605,000 10.1% $569,750 18.4% 31.7%
MOUNT COOLUM 6 N/A N/A $484,000 5.2% 24.1%
MOUNTAIN CREEK 19 $494,000 -1.2% $494,000 0.8% 27.5%
NAMBOUR ~ 24 $324,500 -0.8% $330,000 -5.7% 25.7%
NOOSA HEADS ~ f 10 $540,500 -36.9% $645,000 -1.9% 7.5%
NOOSAVILLE ~ f 17 $790,000 23.1% $692,000 -13.1% -3.2%
PACIFIC PARADISE 7 $358,000 N/A N/A N/A N/A
PALMWOODS ~ 7 $485,000 11.5% $445,000 3.6% 20.3%
PARREARRA 5 N/A N/A $550,000 3.5% 14.6%
PELICAN WATERS ~ f 15 $546,500 -23.0% $635,000 3.9% 16.5%
PEREGIAN BEACH f 2 N/A N/A $642,500 11.7% 7.1%
PEREGIAN SPRINGS ~ 10 $504,000 -7.5% $515,000 -1.9% N/A
SIPPY DOWNS 13 $422,000 0.2% $441,000 1.4% 21.8%
SUNSHINE BEACH ~ f 7 $830,000 N/A $772,500 -28.1% -31.3%
TEWANTIN ~ 14 $387,500 -10.9% $450,000 2.3% 21.6%
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 19
SUNSHINE COAST REGIONAL
HOUSES continued
Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
MEDIAN SALES DATA
UNITS & TOWNHOUSES
38
14
21
54
27
28
34
26
8
15
7
6
SEP 10
DEC 10
MAR 11
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
436
271
216
77
57
47
12
8
9
8
4
5
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
Includes REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
52
19
17
25
7
20
1
1
3
6
9
15
SEP 10
DEC 10
MAR 11
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
39
36
26
18
14
17
18
8
15
9
3
11
SEP 10
DEC 10
MAR 11
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
44
40
26
0
1
0
2
0
1
SEP 10
DEC 10
MAR 11
BUNDABERG LAND SALES<$250,000 <$350,000 $350,000+
53
45
31
6
2
3
8
5
1
SEP 10
DEC 10
MAR 11
CAIRNS LAND SALES<$250,000 <$350,000 $350,000+
53
32
32
3
7
1
0
4
1
SEP 10
DEC 10
MAR 11
FRASER COAST LAND SALES<$250,000 <$350,000 $350,000+
57
88
47
4
2
6
2
1
5
SEP 10
DEC 10
MAR 11
GLADSTONE LAND SALES<$250,000 <$350,000 $350,000+
55
55
41
4
6
3
2
2
2
SEP 10
DEC 10
MAR 11
TOWNSVILLE LAND SALES<$250,000 <$350,000 $350,000+
68
37
20
13
7
4
3
5
1
SEP 10
DEC 10
MAR 11
MACKAY LAND SALES<$250,000 <$350,000 $350,000+
70
76
47
3
3
1
0
0
2
SEP 10
DEC 10
MAR 11
ROCKHAMPTON LAND SALES<$250,000 <$350,000 $350,000+
56
73
26
5
1
3
0
0
1
SEP 10
DEC 10
MAR 11
TOOWOOMBA LAND SALES<$250,000 <$350,000 $350,000+
VACANT URBAN LAND
TWIN WATERS 13 $640,000 N/A $656,000 1.1% 13.1%
WARANA ~ 10 $430,000 1.2% $445,000 -7.8% 10.1%
WOOMBYE ~ 8 $357,500 -14.9% $415,000 7.1% 33.9%
WURTULLA ~ 13 $445,000 4.3% $455,000 -3.4% 32.8%
SUNSHINE COAST (LGA) 363 $350,000 -2.1% $365,000 0.0% 7.4%
ALEXANDRA HEADLAND f 10 $277,750 -20.6% $329,000 -0.3% -1.2%
SUNSHINE BEACH ~ f 12 $730,000 32.1% $685,000 34.6% 7.0%
BUDDINA 7 $361,000 N/A $390,250 4.1% 11.5%
BUDERIM * 18 $421,250 8.0% $395,625 6.9% 35.5%
CALOUNDRA * f 34 $359,500 -14.9% $418,000 8.6% 3.0%
CALOUNDRA WEST 1 N/A N/A $325,000 0.3% 30.0%
COOLUM BEACH * f 9 $390,000 9.9% $378,250 9.4% -3.6%
GOLDEN BEACH f 12 $340,000 -5.6% $372,500 3.5% -5.1%
KINGS BEACH ~ f 14 $435,750 22.6% $421,000 0.2% 9.4%
MARCOOLA * f 13 $375,000 N/A $328,000 -19.0% -10.4%
MAROOCHYDORE ~ f * 40 $324,500 -10.5% $360,000 -2.0% 4.0%
MINYAMA 7 $290,000 N/A $290,000 -3.3% 9.4%
MOOLOOLABA ~ f 30 $332,750 -4.9% $370,000 1.1% 4.2%
MOUNT COOLUM 3 N/A N/A $337,500 3.4% 13.4%
NAMBOUR * 6 N/A N/A $295,000 11.3% 58.6%
NOOSA HEADS * f 15 $680,000 19.6% $610,000 6.4% -6.9%
NOOSAVILLE f 29 $340,000 -1.6% $360,000 -5.5% 9.1%
PARREARRA * 5 N/A N/A $540,000 25.6% 41.5%
PELICAN WATERS 5 N/A N/A $470,000 1.1% 8.4%
PEREGIAN SPRINGS - * 7 $421,900 N/A $417,900 -6.1% N/A
TEWANTIN ~ f 7 $171,500 N/A $270,000 -10.0% 8.9%
SUNSHINE COAST (LGA) * f 69 $290,000 20.8% $253,000 3.0% 17.7%
SUNSHINE COAST (LGA) ^ ~ 18 $312,500 -14.4% $350,000 7.7% 17.1%
BEERWAH ~ * 2 N/A N/A $188,000 -0.5% 18.8%
BIRTINYA 3 N/A N/A $319,889 N/A N/A
BUDERIM 3 N/A N/A $264,000 3.1% 7.8%
COOLUM BEACH * 0 N/A N/A $345,950 22.5% 40.5%
LITTLE MOUNTAIN * 2 N/A N/A $252,000 -0.2% 29.2%
MALENY * 0 N/A N/A $212,500 -2.5% -1.2%
MAROOCHYDORE * 1 N/A N/A $216,600 N/A N/A
MOUNT COOLUM f * 3 N/A N/A $399,000 15.7% 22.8%
MOUNTAIN CREEK * 3 N/A N/A $261,000 12.0% N/A
NOOSAVILLE f * 8 $390,000 N/A $330,000 10.0% -25.8%
PELICAN WATERS f * 7 $356,000 N/A $360,000 12.5% 22.6%
PEREGIAN SPRINGS + ~ * 14 $227,500 -5.2% $255,000 -5.6% N/A
WOOMBYE * 8 $210,000 0.0% $222,500 -2.2% 38.2%
3 BEDROOM HOUSES
Localities Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS
SUNSHINE COAST REGIONAL COUNCIL AREA $370 1,023 $360 992
Caloundra (coastal region) $370 280 $370 265
4551 Currimundi/ Golden Beach/ Moffat Beach/ etc. $370 155 $360 155
4575 Bokarina/ Minyama/ Parrearra/ Wurtulla/ etc. $375 125 $380 110
Caloundra (inland region) $325 89 $320 99
4518 Glass House Mountains $320 12 $320 15
4519 Beerwah/ Coochin Creek/ Peachester/ etc. $320 16 $315 17
4550 Landsborough/ Mt Mellum $320 13 $320 17
4552 Conondale/ Maleny/ Reesville/ Witta/ etc. $320 29 $330 37
4553 Glenview/ Mooloolah Valley/ Palmview/ etc. $350 18 $310 11
Maroochy (coastal region) $370 468 $360 439
4555 Chevallum/ Hunchy/ Palmwoods $365 17 $350 17
4556 Buderim/ Forest Glen/ Sippy Downs/ Tanawha/ etc. $385 88 $380 90
4557 Mooloolaba/ Mountain Creek $390 49 $380 54
4558 Kuluin/ Maroochydore $365 51 $360 38
4559 Diddillibah/ Kiels Mountain/ Woombye/ etc. $380 10 $350 15
4560 Bli Bli/ Burnside/ Montville/ Nambour/ etc. $350 85 $340 81
4564 Marcoola/ Mudjimba/ Pacific Paradise/ etc. $370 48 $355 39
4572 Alexandra Headland $415 13 $420 8
4573 Coolum Beach/ Peregian Springs/ Yaroomba/ etc. $380 107 $375 97
Maroochy (inland region) $360 32 $350 43
4561 Ninderry/ North Arm/ Yandina/ Yandina Creek/ etc. $340 14 $330 20
4562 Belli Park/ Doonan/ Eerwah Vale/ Eumundi/ etc. $400 13 $385 15
Noosa (coastal region) $380 127 $380 114
4565 Boreen Point/Cootharaba/ Tewantin/ etc. $360 63 $370 56
4566 Noosaville $410 23 $380 13
4567 Noosa Heads/ Sunrise Bch/ Sunshine Bch/ etc. $420 41 $410 45
Noosa (inland region) $350 27 $320 32
4563 Black Mountain/ Cooroy/ Lake Macdonald/ etc. $350 13 $320 15
4568 Federal/ Pinbarren/ Pomona $330 9 $340 10
4569 Cooran $290 5 $320 5
SUNSHINE COAST REGIONAL COUNCIL AREA $300 1,021 $300 1,007
Caloundra (coastal region) $300 234 $300 215
4551 Currimundi/ Golden Beach/ Moffat Beach/ etc. $295 176 $295 162
4575 Bokarina/ Minyama/ Parrearra/ Wurtulla/ etc. $380 58 $360 53
Caloundra (inland region) $156 19 $250 9
Maroochy (coastal region) $300 636 $300 652
4556 Buderim/ Forest Glen/ Sippy Downs/ Tanawha/ etc. $280 35 $290 40
4557 Mooloolaba/ Mountain Creek $295 123 $290 114
4558 Kuluin/ Maroochydore $320 197 $310 199
4559 Diddillibah/ Kiels Mountain/ Woombye/ etc. $280 11 $260 17
4560 Bli Bli/ Burnside/ Montville/ Nambour/ etc. $245 55 $245 56
4564 Marcoola/ Mudjimba/ Pacific Paradise/ etc. $320 59 $320 73
4572 Alexandra Headland $330 69 $340 78
4573 Coolum Beach/ Peregian Springs/ Yaroomba/ etc. $290 86 $290 73
Maroochy (inland region) $270 5 $190 8
Noosa (coastal region) $320 123 $305 119
4565 Boreen Point/Cootharaba/ Tewantin/ etc. $270 12 $270 11
4566 Noosaville $320 44 $300 44
4567 Noosa Heads/ Sunrise Bch/ Sunshine Bch/ etc. $340 67 $310 64
Noosa (inland region) n.a. 4 n.a. 4
2 BEDROOM FLATS/UNITS
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 20
MARKETMONITORQ
UE
EN
SLA
ND
CONTENTSSUNSHINE COAST REGIONAL
Suburbs/Localities
Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS
HO
USE PRICEPO
INTS - SA
LES NU
MBERS BY PRICE RA
NG
E
137
121
118
780
799
697
1177
1064
910
124
147
83
SEP 10
DEC 10
MAR 11
BRISBANE CITY HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
815
718
586
1009
885
779
328
291
244
16
20
6
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
24
20
25
433
376
371
332
318
350
49
37
36
SEP 10
DEC 10
MAR 11
GOLD COAST HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
68
49
55
322
307
269
189
178
154
26
15
20
SEP 10
DEC 10
MAR 11
SUNSHINE COAST HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
181
154
132
42
39
32
8
9
7
SEP 10
DEC 10
MAR 11
BUNDABERG HOUSE SALES<$350,000 $350,000+ $500,000+
166
148
113
165
139
106
55
55
48
SEP 10
DEC 10
MAR 11
CAIRNS HOUSE SALES<$350,000 $350,000+ $500,000+
156
147
129
51
40
31
9
7
1
SEP 10
DEC 10
MAR 11
FRASER COAST HOUSE SALES<$350,000 $350,000+ $500,000+
44
61
27
90
130
136
27
30
42
SEP 10
DEC 10
MAR 11
GLADSTONE HOUSE SALES<$350,000 $350,000+ $500,000+
178
170
145
214
234
162
57
63
42
SEP 10
DEC 10
MAR 11
TOWNSVILLE HOUSE SALES<$350,000 $350,000+ $500,000+
77
53
59
148
164
147
54
59
49
SEP 10
DEC 10
MAR 11
MACKAY HOUSE SALES<$350,000 $350,000+ $500,000+
162
142
125
62
59
69
22
18
21
SEP 10
DEC 10
MAR 11
ROCKHAMPTON HOUSE SALES<$350,000 $350,000+ $500,000+
266
230
236
97
110
74
16
27
22
SEP 10
DEC 10
MAR 11
TOOWOOMBA HOUSE SALES<$350,000 $350,000+ $500,000+
41
34
37
265
260
220
628
511
478
270
239
174
37
46
13
SEP 10
DEC 10
MAR 11
BRISBANE CITY UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
113
98
71
231
172
143
71
79
58
38
31
14
3
3
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
104
116
82
374
291
307
282
269
267
191
178
134
50
61
33
SEP 10
DEC 10
MAR 11
GOLD COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
46
58
62
140
125
118
99
102
97
77
84
64
24
15
22
SEP 10
DEC 10
MAR 11
SUNSHINE COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
20
14
12
12
10
8
6
2
0
3
2
3
SEP 10
DEC 10
MAR 11
BUNDABERG UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
119
124
66
56
46
30
32
24
10
21
25
10
SEP 10
DEC 10
MAR 11
CAIRNS UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
20
14
13
14
8
11
4
2
2
6
1
1
SEP 10
DEC 10
MAR 11
FRASER COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
17
13
0
5
13
20
4
19
12
6
6
8
SEP 10
DEC 10
MAR 11
GLADSTONE UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
22
26
26
31
44
29
21
18
19
11
17
10
SEP 10
DEC 10
MAR 11
TOWNSVILLE UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
20
9
11
26
19
20
9
9
8
7
4
2
SEP 10
DEC 10
MAR 11
MACKAY UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
19
10
6
7
16
8
11
9
3
4
2
0
SEP 10
DEC 10
MAR 11
ROCKHAMPTON UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
45
43
20
26
23
16
7
2
5
2
3
0
SEP 10
DEC 10
MAR 11
TOOWOOMBA UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
3 BEDROOM TOWNHOUSES
Suburbs/Localities
Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS
FRASER COAST REGIONAL
SUNSHINE COAST REGIONAL COUNCIL AREA $360 217 $350 147
Caloundra (coastal region) $350 39 $330 26
4551 Currimundi/ Golden Beach/ Moffat Beach/ etc. $350 29 $330 24
4575 Bokarina/ Minyama/ Parrearra/ Wurtulla/ etc. $350 10 n.a. 2
Caloundra (inland region) $290 22 n.a. 3
Maroochy (coastal region) $365 130 $360 98
4556 Buderim/ Forest Glen/ Sippy Downs/ Tanawha/ etc. $380 35 $360 24
4557 Mooloolaba/ Mountain Creek $360 19 $365 15
4558 Kuluin/ Maroochydore $340 26 $350 21
4560 Bli Bli/ Burnside/ Montville/ Nambour/ etc. $340 12 $290 5
4564 Marcoola/ Mudjimba/ Pacific Paradise/ etc. $390 8 $380 17
4573 Coolum Beach/ Peregian Springs/ Yaroomba/ etc. $370 26 $350 14
Maroochy (inland region) n.a. 0 n.a. 0
Noosa (coastal region) $450 23 $400 20
4566 Noosaville $450 13 $400 10
4567 Noosa Heads/ Sunrise Bch/ Sunshine Bch/ etc. $450 10 $450 9
Noosa (inland region) n.a. 3 n.a. 0
3 BEDROOM TOWNHOUSES continued
Median house and unit prices Traditionally a slower time of the year for the property market, Fraser Coast experienced a decrease to its median over the March quarter by 1.1 per cent to $295,000. Preliminary sales numbers were also down about 17 per cent on the previous quarter.
The weather conditions that affected most of the state at the beginning of the year also paid an unwelcome visit to Fraser Coast causing a sense of unease to infect the property market.
Agents in the area are reporting that buyers are changing plans from buying now as a flow-on effect from the natural disasters.
Torquay and Kawungan however recorded steady preliminary sales as well as median price increases over the period, up 3.3 per cent ($309,000) and 1.5 per cent ($342,500) respectively.
The unit and townhouse median recorded an increase of 8.3 per cent to $260,000 over the quarter, on the back of a decline the previous quarter. Higher quality unit sales recorded along the Esplanade (across the suburbs of Torquay, Urangan & Scarness) also contributed to the increase.
It seems the long run of new unit developments has slowed down with fewer new unit sales for the year ending March 2011, which has contributed to a lower median across the board compared to the previous 12 months.
Agents are still reporting a degree of oversupply which has brought prices down slightly. Investors, although only around in small numbers, have snapped up some nice, prestigious apartments at tidy prices.
Median land prices The median price for vacant urban land recorded a drop of 11 per cent to $145,000 over the period. However, agents in the area say the yearly median figure from March 2010 till March 2011, which increased 3.3 per cent to $155,000, seemed more reflective of the land status on the Fraser Coast.
Glenwood recorded the most preliminary numbers of sales of all suburbs in the region, although the quarterly and yearly median price remained unchanged.
Median rents The median rent for a two-bedroom unit on the Fraser Coast dropped $10 to $200 per week between for the year ending March 2011. The median rent for a three-bedroom increased by $5 to $255 a week over the same period.
Floods in Maryborough earlier this year resulted in some residents having to relocate to Hervey Bay, which resulted in a slight tightening in Hervey Bay’s vacancy rate. However, Hervey Bay’s vacancy rate of 5.1 per cent is still relatively high due to the number of rental properties located in new developments coming onto the market.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 21
FRASER COAST REGIONAL
HOUSES
VACANT URBAN LAND
Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
MEDIAN SALES DATA
38
14
21
54
27
28
34
26
8
15
7
6
SEP 10
DEC 10
MAR 11
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
436
271
216
77
57
47
12
8
9
8
4
5
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
Includes REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
52
19
17
25
7
20
1
1
3
6
9
15
SEP 10
DEC 10
MAR 11
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
39
36
26
18
14
17
18
8
15
9
3
11
SEP 10
DEC 10
MAR 11
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
44
40
26
0
1
0
2
0
1
SEP 10
DEC 10
MAR 11
BUNDABERG LAND SALES<$250,000 <$350,000 $350,000+
53
45
31
6
2
3
8
5
1
SEP 10
DEC 10
MAR 11
CAIRNS LAND SALES<$250,000 <$350,000 $350,000+
53
32
32
3
7
1
0
4
1
SEP 10
DEC 10
MAR 11
FRASER COAST LAND SALES<$250,000 <$350,000 $350,000+
57
88
47
4
2
6
2
1
5
SEP 10
DEC 10
MAR 11
GLADSTONE LAND SALES<$250,000 <$350,000 $350,000+
55
55
41
4
6
3
2
2
2
SEP 10
DEC 10
MAR 11
TOWNSVILLE LAND SALES<$250,000 <$350,000 $350,000+
68
37
20
13
7
4
3
5
1
SEP 10
DEC 10
MAR 11
MACKAY LAND SALES<$250,000 <$350,000 $350,000+
70
76
47
3
3
1
0
0
2
SEP 10
DEC 10
MAR 11
ROCKHAMPTON LAND SALES<$250,000 <$350,000 $350,000+
56
73
26
5
1
3
0
0
1
SEP 10
DEC 10
MAR 11
TOOWOOMBA LAND SALES<$250,000 <$350,000 $350,000+
UNITS & TOWNHOUSES
FRASER COAST (LGA) 161 $295,000 -1.1% $300,000 -1.6% 17.6%
FRASER COAST (LGA) ^ 34 $367,500 4.9% $383,000 3.5% 24.8%
ELI WATERS 10 $314,500 N/A $320,000 -3.9% 19.0%
GLENWOOD ^ ~ 4 N/A N/A $216,500 -4.6% 37.5%
KAWUNGAN 14 $342,500 1.5% $325,000 -1.5% 6.6%
MARYBOROUGH ~ 38 $225,000 -8.9% $225,000 -4.1% 25.0%
PIALBA 3 N/A N/A $295,500 1.9% 15.9%
POINT VERNON ~ 15 $283,000 -7.2% $310,250 -1.5% 14.9%
SCARNESS ~ 6 N/A N/A $270,000 -13.5% 3.8%
TINANA 4 N/A N/A $310,000 0.0% 29.2%
TOOGOOM f 4 N/A N/A $299,500 -6.4% -0.2%
TORQUAY 11 $309,000 3.3% $320,000 1.6% 8.8%
URANGAN 16 $308,750 -2.0% $320,000 0.8% 13.5%
URRAWEEN ~ 21 $330,000 0.0% $335,900 -4.0% 8.4%
FRASER COAST (LGA) - * f ~ 27 $260,000 8.3% $267,750 -5.9% 1.9%
PIALBA - * f 7 $245,000 N/A $273,000 -14.3% 12.6%
SCARNESS ~ f 3 N/A N/A $240,000 -11.1% -17.2%
TORQUAY * f 3 N/A N/A $240,000 -3.0% -12.7%
URANGAN - * 4 N/A N/A $315,000 -3.1% 18.9%
FRASER COAST (LGA) * 33 $145,000 -11.0% $155,000 3.3% 22.5%
FRASER COAST (LGA) ^ ~ * 21 $100,000 2.6% $99,500 -18.9% 60.5%
BURRUM HEADS ~ * 3 N/A N/A $145,000 -1.2% 20.3%
GLENWOOD ^ * 8 $80,500 0.0% $80,000 0.0% 68.4%
RIVER HEADS ~ 7 $130,000 N/A $145,000 -3.3% 20.8%
TOOGOOM f 1 N/A N/A $151,250 4.3% 5.2%
URRAWEEN 4 N/A N/A $169,500 4.3% 25.6%
WONDUNNA * 5 $175,000 N/A $175,000 7.7% 16.9%
Suburbs/Localities
Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS
3 BEDROOM HOUSES
2 BEDROOM FLATS/UNITS
FRASER COAST REGIONAL COUNCIL AREA $255 370 $250 380
4650 Maryborough region $240 134 $240 134
Hervey Bay region $260 236 $255 246
4655 Hervey Bay/ Pialba/ Scarness/ Urangan $260 211 $260 227
4659 Burrum/ Burrum Heads/ Howard $240 18 $230 16
FRASER COAST REGIONAL COUNCIL AREA $200 253 $210 188
4650 Maryborough region $175 64 $170 51
Hervey Bay region $220 189 $220 137
4655 Hervey Bay/ Pialba/ Scarness/ Urangan $220 182 $220 135
4659 Burrum/ Burrum Heads/ Howard $220 7 n.a. 2
FRASER COAST REGIONAL COUNCIL AREA $295 45 $275 51
4650 Maryborough region n.a. 2 n.a. 3
Hervey Bay region $300 43 $270 48
4655 Hervey Bay/ Pialba/ Scarness/ Urangan $300 43 $270 48
3 BEDROOM TOWNHOUSES
BUNDABERG REGIONAL
Median house and unit prices Bundaberg’s median house price eased 1.8 per cent to $280,000 over the March quarter, following the third largest increase out of the state’s major regional centres in the previous quarter.
Similar to other major regional centres, preliminary sales numbers were also down about 15 per cent, with the greatest number of sales down in the sub-$350,000 price range.
Agents in the area are reporting a common theme of commuters buying up in Bundaberg to then travel to Gladstone to work as they perceive this is a far more affordable option.
Increased sales activity however was experienced in the suburbs of Kalkie, Kepnock and Avoca as well as at Innes Park on the coast. While sales eased slightly, higher quality homes in North Bundaberg saw its median increase 14.3 per cent to $267,000 over the quarter.
The unit and townhouse market decreased 4.8 per cent to $235,700 during the first quarter of the year. The median price for the year ending March 2011 also dropped 7.4 per cent. Preliminary sales numbers also decreased by about 18 per cent during the last 12 months.
REIQ accredited agents in Bundaberg have noticed investors are tending to steer away from units and townhouses, rather opting for affordable, established homes instead. However, it is retirees who are preferring to downsize to this type of property.
Median land prices Bundaberg’s median price for vacant land increased 10.6 per cent to $146,000 over the March quarter, and was up 3.7 per cent for the year, despite easing sales activity. Preliminary sales numbers were down about 35 per cent on the previous quarter and 22 per cent over the year ending March 2011.
Agents in the area have noticed banks are tightening their lending criteria for rural property given the recent floods and the possibility of land being located in an area of high risk.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 22
MARKETMONITORQ
UE
EN
SLA
ND
CONTENTSBUNDABERG REGIONAL
HO
USE PRICEPO
INTS - SA
LES NU
MBERS BY PRICE RA
NG
E
137
121
118
780
799
697
1177
1064
910
124
147
83
SEP 10
DEC 10
MAR 11
BRISBANE CITY HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
815
718
586
1009
885
779
328
291
244
16
20
6
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
24
20
25
433
376
371
332
318
350
49
37
36
SEP 10
DEC 10
MAR 11
GOLD COAST HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
68
49
55
322
307
269
189
178
154
26
15
20
SEP 10
DEC 10
MAR 11
SUNSHINE COAST HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
181
154
132
42
39
32
8
9
7
SEP 10
DEC 10
MAR 11
BUNDABERG HOUSE SALES<$350,000 $350,000+ $500,000+
166
148
113
165
139
106
55
55
48
SEP 10
DEC 10
MAR 11
CAIRNS HOUSE SALES<$350,000 $350,000+ $500,000+
156
147
129
51
40
31
9
7
1
SEP 10
DEC 10
MAR 11
FRASER COAST HOUSE SALES<$350,000 $350,000+ $500,000+
44
61
27
90
130
136
27
30
42
SEP 10
DEC 10
MAR 11
GLADSTONE HOUSE SALES<$350,000 $350,000+ $500,000+
178
170
145
214
234
162
57
63
42
SEP 10
DEC 10
MAR 11
TOWNSVILLE HOUSE SALES<$350,000 $350,000+ $500,000+
77
53
59
148
164
147
54
59
49
SEP 10
DEC 10
MAR 11
MACKAY HOUSE SALES<$350,000 $350,000+ $500,000+
162
142
125
62
59
69
22
18
21
SEP 10
DEC 10
MAR 11
ROCKHAMPTON HOUSE SALES<$350,000 $350,000+ $500,000+
266
230
236
97
110
74
16
27
22
SEP 10
DEC 10
MAR 11
TOOWOOMBA HOUSE SALES<$350,000 $350,000+ $500,000+
41
34
37
265
260
220
628
511
478
270
239
174
37
46
13
SEP 10
DEC 10
MAR 11
BRISBANE CITY UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
113
98
71
231
172
143
71
79
58
38
31
14
3
3
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
104
116
82
374
291
307
282
269
267
191
178
134
50
61
33
SEP 10
DEC 10
MAR 11
GOLD COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
46
58
62
140
125
118
99
102
97
77
84
64
24
15
22
SEP 10
DEC 10
MAR 11
SUNSHINE COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
20
14
12
12
10
8
6
2
0
3
2
3
SEP 10
DEC 10
MAR 11
BUNDABERG UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
119
124
66
56
46
30
32
24
10
21
25
10
SEP 10
DEC 10
MAR 11
CAIRNS UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
20
14
13
14
8
11
4
2
2
6
1
1
SEP 10
DEC 10
MAR 11
FRASER COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
17
13
0
5
13
20
4
19
12
6
6
8
SEP 10
DEC 10
MAR 11
GLADSTONE UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
22
26
26
31
44
29
21
18
19
11
17
10
SEP 10
DEC 10
MAR 11
TOWNSVILLE UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
20
9
11
26
19
20
9
9
8
7
4
2
SEP 10
DEC 10
MAR 11
MACKAY UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
19
10
6
7
16
8
11
9
3
4
2
0
SEP 10
DEC 10
MAR 11
ROCKHAMPTON UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
45
43
20
26
23
16
7
2
5
2
3
0
SEP 10
DEC 10
MAR 11
TOOWOOMBA UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
3 BEDROOM HOUSES
Suburbs/Localities
Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS
38
14
21
54
27
28
34
26
8
15
7
6
SEP 10
DEC 10
MAR 11
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
436
271
216
77
57
47
12
8
9
8
4
5
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
Includes REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
52
19
17
25
7
20
1
1
3
6
9
15
SEP 10
DEC 10
MAR 11
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
39
36
26
18
14
17
18
8
15
9
3
11
SEP 10
DEC 10
MAR 11
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
44
40
26
0
1
0
2
0
1
SEP 10
DEC 10
MAR 11
BUNDABERG LAND SALES<$250,000 <$350,000 $350,000+
53
45
31
6
2
3
8
5
1
SEP 10
DEC 10
MAR 11
CAIRNS LAND SALES<$250,000 <$350,000 $350,000+
53
32
32
3
7
1
0
4
1
SEP 10
DEC 10
MAR 11
FRASER COAST LAND SALES<$250,000 <$350,000 $350,000+
57
88
47
4
2
6
2
1
5
SEP 10
DEC 10
MAR 11
GLADSTONE LAND SALES<$250,000 <$350,000 $350,000+
55
55
41
4
6
3
2
2
2
SEP 10
DEC 10
MAR 11
TOWNSVILLE LAND SALES<$250,000 <$350,000 $350,000+
68
37
20
13
7
4
3
5
1
SEP 10
DEC 10
MAR 11
MACKAY LAND SALES<$250,000 <$350,000 $350,000+
70
76
47
3
3
1
0
0
2
SEP 10
DEC 10
MAR 11
ROCKHAMPTON LAND SALES<$250,000 <$350,000 $350,000+
56
73
26
5
1
3
0
0
1
SEP 10
DEC 10
MAR 11
TOOWOOMBA LAND SALES<$250,000 <$350,000 $350,000+
Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
MEDIAN SALES DATA
HOUSES
2 BEDROOM FLATS/UNITS
3 BEDROOM TOWNHOUSES
UNITS & TOWNHOUSES
VACANT URBAN LAND
Bargara was a strong performer for the region and recorded enough sales to register a median price. Bargara, about 15 minutes drive from Bundaberg on the Coral Coast, posted a 3.2 per cent increase to $160,000.
Median rents The median rent for a three-bedroom house remained unchanged at $260 per week between March 2011 and March this year. The median rent for a two-bedroom unit also stayed stagnant at $200 over the same period.
Suburbs within the postcode 4671 (Gin Gin and Mount Perry) were the most affordable areas with the rent sitting at $230 per week - $30 a week lower than the median for the region.
The REIQ’s rental survey has shown a more stable rental market in the Bundaberg region, with vacancy rates at 2.5 per cent over the March quarter - up from 2.1 per cent in September.
BUNDABERG (LGA) ~ 171 $280,000 -1.8% $282,250 -0.1% 28.3%
BUNDABERG (LGA) ^ ~ 39 $320,000 -13.5% $335,000 0.0% 28.8%
AVENELL HEIGHTS ~ 10 $244,500 -11.1% $270,000 -3.6% 25.9%
AVOCA ~ 15 $309,000 -3.4% $307,000 -4.1% 25.3%
BARGARA ~ 20 $375,000 10.3% $370,000 1.1% 19.4%
BRANYAN ^ ~ 7 $327,500 -15.5% $345,000 0.1% 15.0%
BUNDABERG EAST 5 N/A N/A $270,000 -0.4% 25.6%
BUNDABERG NORTH ~ 8 $267,000 14.3% $255,000 3.2% 27.5%
BUNDABERG SOUTH ~ 9 $238,000 -15.0% $260,000 3.0% 44.4%
BUNDABERG WEST ~ 5 N/A N/A $242,000 -3.2% 14.2%
BURNETT HEADS ~ 5 N/A N/A $295,000 10.1% 31.1%
INNES PARK 8 $300,000 N/A $360,000 -2.7% 32.1%
KALKIE ~ 14 $338,750 -4.3% $356,200 0.7% 31.9%
KEPNOCK 17 $275,000 3.2% $284,000 3.5% 31.2%
MILLBANK ~ 4 N/A N/A $267,000 11.3% 25.9%
NORVILLE ~ 6 N/A N/A $231,500 -5.5% 26.8%
SVENSSON HEIGHTS 11 $230,000 -2.9% $255,000 -1.9% 37.1%
THABEBAN ~ 8 $263,500 -4.2% $275,000 1.9% 34.1%
WALKERVALE ~ 4 N/A N/A $230,000 -3.8% 29.2%
BUNDABERG (LGA) ~ * f 23 $235,700 -4.8% $250,000 -7.4% 13.6%
BARGARA * f 4 N/A N/A $342,500 3.8% -17.0%
BUNDABERG (LGA) ~ f 27 $146,000 10.6% $140,000 3.7% 27.3%
BUNDABERG (LGA) ^ ~ 13 N/A N/A $142,000 -2.1% 57.8%
ASHFIELD 1 N/A N/A $139,500 9.4% N/A
BARGARA f 5 $160,000 3.2% $161,500 -2.1% 7.7%
BURNETT HEADS 1 N/A N/A $110,000 N/A 22.2%
MOORE PARK BEACH 3 N/A N/A $146,000 N/A N/A
BUNDABERG REGIONAL COUNCIL AREA $260 351 $260 354
4660 Apple Tree Creek/ Childers/ Woodgate $255 25 $240 22
4670 Bundaberg/ Avoca/ Bargara/ Burnett Heads/ etc. $265 313 $260 310
4671 Gin Gin/ Mount Perry $230 13 $230 21
BUNDABERG REGIONAL COUNCIL AREA $200 194 $200 162
4660 Apple Tree Creek/ Childers/ Woodgate $250 5 n.a. 2
4670 Bundaberg/ Avoca/ Bargara/ Burnett Heads/ etc. $200 188 $200 160
BUNDABERG REGIONAL COUNCIL AREA $285 22 $290 13
4670 Bundaberg/ Avoca/ Bargara/ Burnett Heads/ etc. $285 22 $285 12
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 23
GLADSTONE REGIONAL
HO
USE PRICEPO
INTS - SA
LES NU
MBERS BY PRICE RA
NG
E
137
121
118
780
799
697
1177
1064
910
124
147
83
SEP 10
DEC 10
MAR 11
BRISBANE CITY HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
815
718
586
1009
885
779
328
291
244
16
20
6
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
24
20
25
433
376
371
332
318
350
49
37
36
SEP 10
DEC 10
MAR 11
GOLD COAST HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
68
49
55
322
307
269
189
178
154
26
15
20
SEP 10
DEC 10
MAR 11
SUNSHINE COAST HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
181
154
132
42
39
32
8
9
7
SEP 10
DEC 10
MAR 11
BUNDABERG HOUSE SALES<$350,000 $350,000+ $500,000+
166
148
113
165
139
106
55
55
48
SEP 10
DEC 10
MAR 11
CAIRNS HOUSE SALES<$350,000 $350,000+ $500,000+
156
147
129
51
40
31
9
7
1
SEP 10
DEC 10
MAR 11
FRASER COAST HOUSE SALES<$350,000 $350,000+ $500,000+
44
61
27
90
130
136
27
30
42
SEP 10
DEC 10
MAR 11
GLADSTONE HOUSE SALES<$350,000 $350,000+ $500,000+
178
170
145
214
234
162
57
63
42
SEP 10
DEC 10
MAR 11
TOWNSVILLE HOUSE SALES<$350,000 $350,000+ $500,000+
77
53
59
148
164
147
54
59
49
SEP 10
DEC 10
MAR 11
MACKAY HOUSE SALES<$350,000 $350,000+ $500,000+
162
142
125
62
59
69
22
18
21
SEP 10
DEC 10
MAR 11
ROCKHAMPTON HOUSE SALES<$350,000 $350,000+ $500,000+
266
230
236
97
110
74
16
27
22
SEP 10
DEC 10
MAR 11
TOOWOOMBA HOUSE SALES<$350,000 $350,000+ $500,000+
41
34
37
265
260
220
628
511
478
270
239
174
37
46
13
SEP 10
DEC 10
MAR 11
BRISBANE CITY UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
113
98
71
231
172
143
71
79
58
38
31
14
3
3
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
104
116
82
374
291
307
282
269
267
191
178
134
50
61
33
SEP 10
DEC 10
MAR 11
GOLD COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
46
58
62
140
125
118
99
102
97
77
84
64
24
15
22
SEP 10
DEC 10
MAR 11
SUNSHINE COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
20
14
12
12
10
8
6
2
0
3
2
3
SEP 10
DEC 10
MAR 11
BUNDABERG UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
119
124
66
56
46
30
32
24
10
21
25
10
SEP 10
DEC 10
MAR 11
CAIRNS UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
20
14
13
14
8
11
4
2
2
6
1
1
SEP 10
DEC 10
MAR 11
FRASER COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
17
13
0
5
13
20
4
19
12
6
6
8
SEP 10
DEC 10
MAR 11
GLADSTONE UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
22
26
26
31
44
29
21
18
19
11
17
10
SEP 10
DEC 10
MAR 11
TOWNSVILLE UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
20
9
11
26
19
20
9
9
8
7
4
2
SEP 10
DEC 10
MAR 11
MACKAY UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
19
10
6
7
16
8
11
9
3
4
2
0
SEP 10
DEC 10
MAR 11
ROCKHAMPTON UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
45
43
20
26
23
16
7
2
5
2
3
0
SEP 10
DEC 10
MAR 11
TOOWOOMBA UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
Median house and unit prices The growth of liquefied natural gas (LNG) has propelled Gladstone to be the top performing major region of Queensland for the March quarter.
Its median house price increased 5.1 per cent to $415,000 over the period. Preliminary sales numbers are up 25 per cent on the same period last year.
The Gladstone region is at the heart of Queensland’s next resources boom, which revolves around the development of LNG.
Local agents report that activity over the March quarter was robust with strong demand from homebuyers and investors.
Buyer demand was strong across the board including from current and prospective mine workers.
Activity was also strong from investors, as is often the case in a resources-driven market.
First home buyers are also reportedly acting quickly to get into the market, which local agents believe is the start of a new real estate growth cycle for the Gladstone region.
Demand has continued to be strong since the end of the March quarter with results for the June quarter expected to be equally as healthy.
The high level of interest in the market is not without its concerns, however, given the region may struggle to accommodate the 16,000 workers that are required over the next five years within the mining industry. To this end, more workers’ camps for FIFO employees are likely to be built to cope with the over-flow.
Gladstone’s median unit and townhouse price increased 0.7 per cent to $347,500 over the March quarter. The preliminary number of sales is up 35 per cent on the same period last year.
Demand for new high-end units in the region has resulted in a number of developments obtaining sale prices of more than $450,000 – which is a relatively new phenomenon for the area. One 39-unit complex also reportedly sold out before the concrete slab had been laid.
Median land prices New house and land packages have recorded solid price increases over the past six months. Some which may have achieved $425,000 to $450,000 last year are now achieving between $525,000 and $550,000.
The median price of vacant land in Gladstone increased 5.5 per cent to $195,000 over the period. A new development in Calliope attracted 22 preliminary land sales over the period and helped push its median price up 12.1 per cent to $185,000.
Median rents Demand for residential rental property continues to be strong especially from the more transient segment of the Gladstone
population who are happy to rent instead of buy given they perhaps don’t intend to live in the region over the long-term.
As was anticipated, new developments coming onto the market and the increased investor activity has helped supply to keep up with demand. Compared to September last year, vacancy rates as at the end of March remain unchanged at 1.4 per cent.
That said Gladstone has experienced robust growth in median rents over the past year. The median rent for a three-bedroom house increased $80 per week to $360 between March 2011 and March last year. The median rent for a two-bedroom unit increased $45 per week to $275 over the same period.
HOUSES
Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
MEDIAN SALES DATA
GLADSTONE (LGA) 205 $415,000 5.1% $395,000 8.2% 66.0%
GLADSTONE (LGA) ^ ~ 28 $540,000 19.6% $510,000 15.3% 71.7%
BARNEY POINT 6 N/A N/A $317,500 N/A 89.0%
BOYNE ISLAND ~ 22 $447,500 1.7% $447,000 13.2% 69.6%
CALLIOPE * 24 $415,000 1.7% $405,000 8.0% 92.2%
CLINTON 33 $408,000 6.8% $389,000 7.3% 55.6%
GLEN EDEN ~ * 15 $455,000 12.9% $446,500 -2.9% 90.4%
KIN KORA 12 $406,500 4.2% $385,000 7.1% 65.6%
NEW AUCKLAND ~ 12 $433,500 12.6% $396,000 2.9% 76.0%
SOUTH GLADSTONE 16 $374,500 5.8% $355,000 7.8% 65.1%
SUN VALLEY ~ 7 $379,000 9.2% $363,500 N/A 77.3%
TANNUM SANDS ~ 14 $476,000 9.4% $450,000 -3.2% 34.3%
TELINA * ~ 7 $392,000 N/A $445,000 15.4% 74.5%
TOOLOOA 5 N/A N/A $329,000 N/A 88.0%
WEST GLADSTONE ~ 21 $395,000 14.5% $366,000 13.4% 78.5%
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 24
MARKETMONITORQ
UE
EN
SLA
ND
CONTENTSGLADSTONE REGIONAL
ROCKHAMPTON REGIONAL
3 BEDROOM HOUSES
2 BEDROOM FLATS/UNITS
VACANT URBAN LAND continued
MEDIAN WEEKLY RENTSSuburbs/Localities
Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de
Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
HO
USE PRICEPO
INTS - SA
LES NU
MBERS BY PRICE RA
NG
E
137
121
118
780
799
697
1177
1064
910
124
147
83
SEP 10
DEC 10
MAR 11
BRISBANE CITY HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
815
718
586
1009
885
779
328
291
244
16
20
6
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
24
20
25
433
376
371
332
318
350
49
37
36
SEP 10
DEC 10
MAR 11
GOLD COAST HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
68
49
55
322
307
269
189
178
154
26
15
20
SEP 10
DEC 10
MAR 11
SUNSHINE COAST HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
181
154
132
42
39
32
8
9
7
SEP 10
DEC 10
MAR 11
BUNDABERG HOUSE SALES<$350,000 $350,000+ $500,000+
166
148
113
165
139
106
55
55
48
SEP 10
DEC 10
MAR 11
CAIRNS HOUSE SALES<$350,000 $350,000+ $500,000+
156
147
129
51
40
31
9
7
1
SEP 10
DEC 10
MAR 11
FRASER COAST HOUSE SALES<$350,000 $350,000+ $500,000+
44
61
27
90
130
136
27
30
42
SEP 10
DEC 10
MAR 11
GLADSTONE HOUSE SALES<$350,000 $350,000+ $500,000+
178
170
145
214
234
162
57
63
42
SEP 10
DEC 10
MAR 11
TOWNSVILLE HOUSE SALES<$350,000 $350,000+ $500,000+
77
53
59
148
164
147
54
59
49
SEP 10
DEC 10
MAR 11
MACKAY HOUSE SALES<$350,000 $350,000+ $500,000+
162
142
125
62
59
69
22
18
21
SEP 10
DEC 10
MAR 11
ROCKHAMPTON HOUSE SALES<$350,000 $350,000+ $500,000+
266
230
236
97
110
74
16
27
22
SEP 10
DEC 10
MAR 11
TOOWOOMBA HOUSE SALES<$350,000 $350,000+ $500,000+
3 BEDROOM TOWNHOUSES
GLADSTONE REGIONAL COUNCIL AREA $360 212 $280 238
4677 Agnes Water/ Miriam Vale $285 16 $280 23
4680 Gladstone/ Boyne Island/ Clinton/ Kin Kora/ etc. $360 190 $285 206
GLADSTONE REGIONAL COUNCIL AREA $275 181 $230 197
4680 Gladstone/ Boyne Island/ Clinton/ Kin Kora/ etc. $280 178 $230 190
GLADSTONE REGIONAL COUNCIL AREA $400 26 $300 27
4680 Gladstone/ Boyne Island/ Clinton/ Kin Kora/ etc. $400 24 $300 26
Median house and unit prices Aside from the LNG project-boosted region of Gladstone, Rockhampton posted the second highest median house price across the State. The area recorded a 3.8 per cent increase to its median house price to $325,000 over the March quarter.
Rockhampton continues to benefit from the growth in the resources sector taking off in nearby Gladstone, despite some setbacks due to the natural disasters in January.
Preliminary sales reports show numbers holding relatively steady, with the $350,000 to $500,000 price bracket performing well, up 10 preliminary sales compared to the previous quarter.
Agents in the area report a relatively stable market, however buyer activity in the upper price bracket is down.
Without varying factors affecting median prices, Gracemere and Frenchville were the two top performing suburbs in the region with 2.3 per cent ($327,500) and 0.6 per cent ($327,000) increases respectively. Gracemere continues to perform well given its proximity to mining areas.
Norman Gardens recorded the highest number of preliminary sales for the region throughout the March quarter with the majority of sales being established homes sold by investors.
This suburb has a mix of older homes and properties built in the last five years – creating a huge range in sale prices over the quarter – from a $150,000 housing commission property to a $865,000 modern five-bedroom home. It appears the affordable end of Norman Gardens was in greater demand throughout the quarter.
Units and townhouses in Rockhampton also reported an increase to its median price with a 4.5 per cent rise to $300,000 despite preliminary sales numbers dropping significantly over the March quarter.
Yeppoon was the only suburb that recorded enough sales to calculate a median figure, due to continued sales in the new unit market, seeing its annual median increase 22.6 per cent.
UNITS & TOWNHOUSES
VACANT URBAN LAND
GLADSTONE (LGA) - * f 40 $347,500 0.7% $335,000 7.8% 104.0%
GLADSTONE CITY * f 3 N/A N/A $369,550 N/A 146.4%
SOUTH GLADSTONE 5 N/A N/A $258,500 7.3% 124.8%
TANNUM SANDS * f 9 $318,000 N/A $297,000 N/A N/A
WEST GLADSTONE * 6 N/A N/A $289,000 N/A 88.9%
GLADSTONE (LGA) * 58 $195,000 5.5% $189,000 5.0% 64.5%
GLADSTONE (LGA) ^ ~ * 21 $245,000 16.1% $210,000 9.4% 75.0%
AGNES WATER ~ f 3 N/A N/A $160,500 -9.8% -32.8%
BOYNE ISLAND * f 4 N/A N/A $202,000 -3.8% 74.1%
38
14
21
54
27
28
34
26
8
15
7
6
SEP 10
DEC 10
MAR 11
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
436
271
216
77
57
47
12
8
9
8
4
5
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
Includes REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
52
19
17
25
7
20
1
1
3
6
9
15
SEP 10
DEC 10
MAR 11
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
39
36
26
18
14
17
18
8
15
9
3
11
SEP 10
DEC 10
MAR 11
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
44
40
26
0
1
0
2
0
1
SEP 10
DEC 10
MAR 11
BUNDABERG LAND SALES<$250,000 <$350,000 $350,000+
53
45
31
6
2
3
8
5
1
SEP 10
DEC 10
MAR 11
CAIRNS LAND SALES<$250,000 <$350,000 $350,000+
53
32
32
3
7
1
0
4
1
SEP 10
DEC 10
MAR 11
FRASER COAST LAND SALES<$250,000 <$350,000 $350,000+
57
88
47
4
2
6
2
1
5
SEP 10
DEC 10
MAR 11
GLADSTONE LAND SALES<$250,000 <$350,000 $350,000+
55
55
41
4
6
3
2
2
2
SEP 10
DEC 10
MAR 11
TOWNSVILLE LAND SALES<$250,000 <$350,000 $350,000+
68
37
20
13
7
4
3
5
1
SEP 10
DEC 10
MAR 11
MACKAY LAND SALES<$250,000 <$350,000 $350,000+
70
76
47
3
3
1
0
0
2
SEP 10
DEC 10
MAR 11
ROCKHAMPTON LAND SALES<$250,000 <$350,000 $350,000+
56
73
26
5
1
3
0
0
1
SEP 10
DEC 10
MAR 11
TOOWOOMBA LAND SALES<$250,000 <$350,000 $350,000+
CALLIOPE * 22 $185,000 12.1% $162,000 15.3% 149.2%
CALLIOPE ^ * 2 N/A N/A $190,000 N/A 72.7%
CLINTON * 2 N/A N/A $184,900 N/A 65.9%
GLEN EDEN ~ * 8 $270,000 36.7% $195,000 8.3% 62.5%
KIRKWOOD * 10 $210,000 5.0% $195,000 9.6% N/A
SOUTH GLADSTONE * 4 N/A N/A $200,000 N/A 96.1%
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 25
41
34
37
265
260
220
628
511
478
270
239
174
37
46
13
SEP 10
DEC 10
MAR 11
BRISBANE CITY UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
113
98
71
231
172
143
71
79
58
38
31
14
3
3
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
104
116
82
374
291
307
282
269
267
191
178
134
50
61
33
SEP 10
DEC 10
MAR 11
GOLD COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
46
58
62
140
125
118
99
102
97
77
84
64
24
15
22
SEP 10
DEC 10
MAR 11
SUNSHINE COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
20
14
12
12
10
8
6
2
0
3
2
3
SEP 10
DEC 10
MAR 11
BUNDABERG UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
119
124
66
56
46
30
32
24
10
21
25
10
SEP 10
DEC 10
MAR 11
CAIRNS UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
20
14
13
14
8
11
4
2
2
6
1
1
SEP 10
DEC 10
MAR 11
FRASER COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
17
13
0
5
13
20
4
19
12
6
6
8
SEP 10
DEC 10
MAR 11
GLADSTONE UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
22
26
26
31
44
29
21
18
19
11
17
10
SEP 10
DEC 10
MAR 11
TOWNSVILLE UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
20
9
11
26
19
20
9
9
8
7
4
2
SEP 10
DEC 10
MAR 11
MACKAY UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
19
10
6
7
16
8
11
9
3
4
2
0
SEP 10
DEC 10
MAR 11
ROCKHAMPTON UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
45
43
20
26
23
16
7
2
5
2
3
0
SEP 10
DEC 10
MAR 11
TOOWOOMBA UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
ROCKHAMPTON REGIONAL
Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
MEDIAN SALES DATA
38
14
21
54
27
28
34
26
8
15
7
6
SEP 10
DEC 10
MAR 11
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
436
271
216
77
57
47
12
8
9
8
4
5
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
Includes REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
52
19
17
25
7
20
1
1
3
6
9
15
SEP 10
DEC 10
MAR 11
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
39
36
26
18
14
17
18
8
15
9
3
11
SEP 10
DEC 10
MAR 11
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
44
40
26
0
1
0
2
0
1
SEP 10
DEC 10
MAR 11
BUNDABERG LAND SALES<$250,000 <$350,000 $350,000+
53
45
31
6
2
3
8
5
1
SEP 10
DEC 10
MAR 11
CAIRNS LAND SALES<$250,000 <$350,000 $350,000+
53
32
32
3
7
1
0
4
1
SEP 10
DEC 10
MAR 11
FRASER COAST LAND SALES<$250,000 <$350,000 $350,000+
57
88
47
4
2
6
2
1
5
SEP 10
DEC 10
MAR 11
GLADSTONE LAND SALES<$250,000 <$350,000 $350,000+
55
55
41
4
6
3
2
2
2
SEP 10
DEC 10
MAR 11
TOWNSVILLE LAND SALES<$250,000 <$350,000 $350,000+
68
37
20
13
7
4
3
5
1
SEP 10
DEC 10
MAR 11
MACKAY LAND SALES<$250,000 <$350,000 $350,000+
70
76
47
3
3
1
0
0
2
SEP 10
DEC 10
MAR 11
ROCKHAMPTON LAND SALES<$250,000 <$350,000 $350,000+
56
73
26
5
1
3
0
0
1
SEP 10
DEC 10
MAR 11
TOOWOOMBA LAND SALES<$250,000 <$350,000 $350,000+
HOUSES continued
VACANT URBAN LAND
Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
MEDIAN SALES DATA
HOUSES
Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)
3 BEDROOM HOUSES
MEDIAN WEEKLY RENTSSuburbs/Localities
Post
code
UNITS & TOWNHOUSES
3 BEDROOM TOWNHOUSES
2 BEDROOM FLATS/UNITS
Median land prices Another win for the Rockhampton property market was vacant urban land posting a 9.3 per cent increase for the March quarter to $147,500. However, this follows a decline over the previous quarter.
Gracemere recorded the highest number of preliminary land sales in Rockhampton, and also recorded a 20.9 per cent median increase for the year. Agents in the region are reporting an increase in investor interest in this suburb.
Median rents The median rent for a three-bedroom house increased $10 per week to $300 between March 2011 and March this year. The median rent for a two-bedroom unit increased $10 per week to $235 over the same period.
The REIQ’s March rental survey found a tightening of rentals in Rockhampton, with vacancy rates sitting at 1.8 per cent. Down from 5.8 per cent one year ago.
ROCKHAMPTON (LGA) 215 $325,000 3.8% $320,000 2.6% 56.1%
ROCKHAMPTON (LGA) ^ ~ 38 $460,000 -7.6% $432,000 -1.8% 46.4%
ALLENSTOWN 8 $258,750 -1.4% $265,250 6.1% 58.8%
BERSERKER ~ 10 $261,000 7.6% $243,000 2.1% 47.3%
BONDOOLA ^ ~ * 5 $525,000 N/A N/A N/A N/A
FRENCHVILLE 20 $327,000 0.6% $331,000 1.7% 40.9%
GRACEMERE 22 $327,500 2.3% $330,000 3.9% 50.0%
KAWANA ~ 9 $285,000 -1.0% $310,000 4.2% 44.2%
KOONGAL ~ 6 N/A N/A $252,000 -8.0% 48.2%
MOUNT MORGAN ~ 5 N/A N/A $130,000 -13.0% 56.6%
NORMAN GARDENS ~ * 37 $447,500 -10.5% $440,000 14.3% 50.0%
PARK AVENUE ~ 7 $258,000 -3.9% $250,000 -3.3% 41.0%
ROCKHAMPTON CITY ~ 7 $240,000 38.7% $191,500 -7.3% 41.9%
ROCKYVIEW ^ ~ * 6 $618,500 N/A N/A N/A N/A
THE RANGE ~ 13 $335,000 -22.9% $382,500 4.8% 53.6%
WANDAL ~ 10 $259,500 -20.3% $278,500 -2.3% 48.7%
WEST ROCKHAMPTON 8 $266,000 N/A $259,250 -2.2% 49.9%
YEPPOON ~ 12 $422,000 11.5% $377,250 8.4% 29.6%
ROCKHAMPTON (LGA) - * f 17 $300,000 4.5% $295,000 5.4% 59.5%
YEPPOON - * f 5 N/A N/A $361,750 22.6% 59.0%
ROCKHAMPTON (LGA) + * 51 $147,500 9.3% $145,000 1.9% 28.3%
ROCKHAMPTON (LGA) ^ ~ * 9 N/A N/A $199,500 -0.4% 88.2%
FRENCHVILLE * 1 N/A N/A $150,000 N/A 25.0%
GRACEMERE * 21 $133,500 -0.4% $133,000 20.9% 77.3%
LAMMERMOOR + * 1 N/A N/A $141,750 -3.6% 11.6%
MULAMBIN + * f 1 N/A N/A $160,000 6.7% 14.3%
NORMAN GARDENS 9 $186,000 4.5% $175,000 2.9% 55.3%
ROSSLYN 3 N/A N/A $160,500 N/A 36.0%
YEPPOON * G 3 N/A N/A $152,500 -1.3% 27.1%
ZILZIE * 2 N/A N/A $181,500 13.4% 25.2%
ROCKHAMPTON REGIONAL COUNCIL AREA $300 424 $290 405
Rockhampton region $300 268 $280 248
4700 Allenstown/ Depot Hill/ Rockhampton City/ etc. $290 102 $280 89
4701 Berserker/ Park Avenue/ Norman Gardens/ etc. $305 166 $290 159
Livingstone region $300 144 $300 144
4702 Coowonga/ Keppel Sands/ The Caves/ etc. $300 47 $285 50
4703 Cooee Bay/ Rosslyn/ Taranganba/ Yeppoon/ etc. $310 81 $310 72
4710 Emu Park/ Zilzie $290 16 $290 19
4714 Mount Morgan $170 12 $165 13
ROCKHAMPTON REGIONAL COUNCIL AREA $235 275 $225 282
Rockhampton region $220 208 $220 226
4700 Allenstown/ Depot Hill/ Rockhampton City/ etc. $240 63 $220 58
4701 Berserker/ Park Avenue/ Norman Gardens/ etc. $220 145 $220 168
Livingstone region $280 67 $260 56
4702 Coowonga/ Keppel Sands/ The Caves/ etc. $215 7 $200 6
4703 Cooee Bay/ Rosslyn/ Taranganba/ Yeppoon/ etc. $280 59 $260 50
ROCKHAMPTON REGIONAL COUNCIL AREA $310 10 $315 8
4702 Coowonga/ Keppel Sands/ The Caves/ etc. $320 5 n.a. 0
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 26
MARKETMONITORQ
UE
EN
SLA
ND
CONTENTSMACKAY REGIONAL
HO
USE PRICEPO
INTS - SA
LES NU
MBERS BY PRICE RA
NG
E
137
121
118
780
799
697
1177
1064
910
124
147
83
SEP 10
DEC 10
MAR 11
BRISBANE CITY HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
815
718
586
1009
885
779
328
291
244
16
20
6
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
24
20
25
433
376
371
332
318
350
49
37
36
SEP 10
DEC 10
MAR 11
GOLD COAST HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
68
49
55
322
307
269
189
178
154
26
15
20
SEP 10
DEC 10
MAR 11
SUNSHINE COAST HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
181
154
132
42
39
32
8
9
7
SEP 10
DEC 10
MAR 11
BUNDABERG HOUSE SALES<$350,000 $350,000+ $500,000+
166
148
113
165
139
106
55
55
48
SEP 10
DEC 10
MAR 11
CAIRNS HOUSE SALES<$350,000 $350,000+ $500,000+
156
147
129
51
40
31
9
7
1
SEP 10
DEC 10
MAR 11
FRASER COAST HOUSE SALES<$350,000 $350,000+ $500,000+
44
61
27
90
130
136
27
30
42
SEP 10
DEC 10
MAR 11
GLADSTONE HOUSE SALES<$350,000 $350,000+ $500,000+
178
170
145
214
234
162
57
63
42
SEP 10
DEC 10
MAR 11
TOWNSVILLE HOUSE SALES<$350,000 $350,000+ $500,000+
77
53
59
148
164
147
54
59
49
SEP 10
DEC 10
MAR 11
MACKAY HOUSE SALES<$350,000 $350,000+ $500,000+
162
142
125
62
59
69
22
18
21
SEP 10
DEC 10
MAR 11
ROCKHAMPTON HOUSE SALES<$350,000 $350,000+ $500,000+
266
230
236
97
110
74
16
27
22
SEP 10
DEC 10
MAR 11
TOOWOOMBA HOUSE SALES<$350,000 $350,000+ $500,000+
41
34
37
265
260
220
628
511
478
270
239
174
37
46
13
SEP 10
DEC 10
MAR 11
BRISBANE CITY UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
113
98
71
231
172
143
71
79
58
38
31
14
3
3
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
104
116
82
374
291
307
282
269
267
191
178
134
50
61
33
SEP 10
DEC 10
MAR 11
GOLD COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
46
58
62
140
125
118
99
102
97
77
84
64
24
15
22
SEP 10
DEC 10
MAR 11
SUNSHINE COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
20
14
12
12
10
8
6
2
0
3
2
3
SEP 10
DEC 10
MAR 11
BUNDABERG UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
119
124
66
56
46
30
32
24
10
21
25
10
SEP 10
DEC 10
MAR 11
CAIRNS UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
20
14
13
14
8
11
4
2
2
6
1
1
SEP 10
DEC 10
MAR 11
FRASER COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
17
13
0
5
13
20
4
19
12
6
6
8
SEP 10
DEC 10
MAR 11
GLADSTONE UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
22
26
26
31
44
29
21
18
19
11
17
10
SEP 10
DEC 10
MAR 11
TOWNSVILLE UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
20
9
11
26
19
20
9
9
8
7
4
2
SEP 10
DEC 10
MAR 11
MACKAY UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
19
10
6
7
16
8
11
9
3
4
2
0
SEP 10
DEC 10
MAR 11
ROCKHAMPTON UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
45
43
20
26
23
16
7
2
5
2
3
0
SEP 10
DEC 10
MAR 11
TOOWOOMBA UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
38
14
21
54
27
28
34
26
8
15
7
6
SEP 10
DEC 10
MAR 11
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
436
271
216
77
57
47
12
8
9
8
4
5
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
Includes REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
52
19
17
25
7
20
1
1
3
6
9
15
SEP 10
DEC 10
MAR 11
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
39
36
26
18
14
17
18
8
15
9
3
11
SEP 10
DEC 10
MAR 11
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
44
40
26
0
1
0
2
0
1
SEP 10
DEC 10
MAR 11
BUNDABERG LAND SALES<$250,000 <$350,000 $350,000+
53
45
31
6
2
3
8
5
1
SEP 10
DEC 10
MAR 11
CAIRNS LAND SALES<$250,000 <$350,000 $350,000+
53
32
32
3
7
1
0
4
1
SEP 10
DEC 10
MAR 11
FRASER COAST LAND SALES<$250,000 <$350,000 $350,000+
57
88
47
4
2
6
2
1
5
SEP 10
DEC 10
MAR 11
GLADSTONE LAND SALES<$250,000 <$350,000 $350,000+
55
55
41
4
6
3
2
2
2
SEP 10
DEC 10
MAR 11
TOWNSVILLE LAND SALES<$250,000 <$350,000 $350,000+
68
37
20
13
7
4
3
5
1
SEP 10
DEC 10
MAR 11
MACKAY LAND SALES<$250,000 <$350,000 $350,000+
70
76
47
3
3
1
0
0
2
SEP 10
DEC 10
MAR 11
ROCKHAMPTON LAND SALES<$250,000 <$350,000 $350,000+
56
73
26
5
1
3
0
0
1
SEP 10
DEC 10
MAR 11
TOOWOOMBA LAND SALES<$250,000 <$350,000 $350,000+
Median house and unit prices The median house price in Mackay decreased 5.7 per cent to $396,000 over the March quarter. The preliminary numbers of sales were also down about 8 per cent on the previous quarter.
The result is a marked turnaround from the December quarter when the region boasted a 7 per cent increase on the back of the robust resources sector.
However, over the March quarter, the market was negatively impacted by a prolonged wet season and the flow-on affects from Cyclone Yasi which struck in February.
Local agents say the market performed very sporadically over the quarter and continues to be patchy as best since that time.
Demand across the board was lower than during the December quarter as people became more concerned about a number of economic factors, including interest rates.
Agents report that the number of people through open homes has reduced markedly and there has also been less activity from investors and first home buyers.
Solid performers over the March quarter included Beaconsfield and North Mackay, which recorded median house price growth of 2.6 per cent and 3.4 per cent respectively.
The median unit and townhouse price in Mackay decreased 3.3 per cent to $290,000 over the quarter. Preliminary sales numbers, on the other hand, were up by about 10 per cent mainly due to the sale of stock in a new development in Mackay city.
Mackay unit numbers held steady over the quarter with sales up in the suburb of South Mackay specifically. The suburb of Mackay (CBD) also leads the way with riverside units selling well. The top sale over the period went to a unit in the “Rivage” luxury apartment complex on River Street for $560,000.
Over the year, sales were recorded in another newly-built unit complex on River St and another two on Nelson St, which is within walking distance of the Centrepoint shopping centre and the TAFE.
Median land prices The median price of land in Mackay decreased 11.9 per cent to $290,000 over the March quarter however this figure was impacted by varying qualities of new stock, and waterfront, stock sold. There were 24 preliminary sales of land under 2,400m² over the period.
About 87 Regional First Home Owner Grants have been paid to first-timers since 1 June last year in the Mackay region who have opted buy a new build as their first property.
Median rents Demand continues to be strong for rental properties in Mackay which has resulted in its vacancy rate remaining tight at 1.3 per cent over the March quarter. This level of demand has pushed median rents up across the board.
The median rent for a three-bedroom house increased $15 per week to $385 between March 2011 and March last year. The median rent for a two-bedroom unit increased $20 per week to $300 over the same period.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 27
MACKAY REGIONAL
3 BEDROOM HOUSES
MEDIAN WEEKLY RENTSSuburbs/Localities
Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de
UNITS & TOWNHOUSES
HOUSES VACANT URBAN LAND continued
Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
2 BEDROOM FLATS/UNITS
3 BEDROOM TOWNHOUSESVACANT URBAN LAND
TOWNSVILLE CITY
MACKAY (LGA) ~ 255 $396,000 -5.7% $405,000 2.5% 26.6%
MACKAY (LGA) ^ ~ 30 $547,500 13.5% $499,500 2.4% 39.1%
ANDERGROVE ~ 30 $390,000 -7.1% $392,000 -0.8% 18.8%
BEACONSFIELD 16 $415,500 2.6% $407,500 2.1% 25.4%
BLACKS BEACH ~ f 8 $562,000 18.3% $492,500 6.2% 23.4%
BUCASIA 15 $415,000 -2.6% $420,000 -1.2% 23.1%
EAST MACKAY ~ * 10 $440,000 -12.9% $425,000 15.5% 24.5%
EIMEO 13 $445,000 -1.1% $449,000 0.3% 27.6%
GLENELLA ~ 11 $555,000 15.1% $522,500 3.9% 19.3%
MACKAY 7 $357,500 N/A $387,500 10.7% 23.0%
MARIAN 11 $420,000 -1.2% $415,000 5.1% 66.0%
MOUNT PLEASANT ~ 9 $420,000 1.2% $420,000 -1.2% 11.6%
NORTH MACKAY 13 $385,000 3.4% $357,500 8.3% 32.9%
OORALEA ~ 12 $472,500 -9.1% $496,500 13.5% 46.0%
RURAL VIEW 12 $425,000 N/A $456,000 1.8% 22.3%
SARINA ~ G 7 $306,000 N/A $300,000 -9.1% 36.4%
SLADE POINT ~ f 7 $328,000 -25.5% $371,000 5.8% 27.9%
SOUTH MACKAY 14 $368,500 -2.8% $370,000 5.7% 25.4%
WALKERSTON ~ 15 $488,000 12.2% $455,000 2.8% 33.0%
WEST MACKAY ~ 20 $355,000 -4.7% $375,000 4.9% 29.3%
MACKAY (LGA) - ~ 41 $290,000 -3.3% $310,000 3.3% 34.8%
MACKAY * 10 $267,500 0.9% $298,000 9.0% 37.3%
SOUTH MACKAY 9 $274,402 N/A $295,000 0.0% 34.1%
MACKAY (LGA) + * f 24 $170,000 -11.9% $179,500 2.0% 26.4%
MACKAY (LGA) ^ ~ 12 N/A N/A $245,000 -3.9% 14.0%
ANDERGROVE + * 2 N/A N/A $156,000 N/A 2.3%
BLACKS BEACH f 0 N/A N/A $189,000 0.0% -5.5%
BUCASIA 0 N/A N/A $168,250 2.6% 25.6%
MARIAN 2 N/A N/A $153,500 3.7% 42.8%
OORALEA 2 N/A N/A $192,000 5.5% N/A
RURAL VIEW * 2 N/A N/A $184,000 -3.7% 32.4%
SARINA 0 N/A N/A $179,000 8.5% 49.2%
MACKAY REGIONAL COUNCIL AREA $385 324 $370 325
4737 Sarina/ Sarina Beach/ Armstrong Beach $350 25 $350 34
4740 Andergrove/ Beaconsfield/ Mackay/ Ooralea/ etc. $390 244 $375 249
4741 Ball Bay/ Eton/ Farleigh/ Pleystowe/ Seaforth/ etc. $350 12 $330 8
4750 Bucasia/ Shoal Point $420 21 $420 16
4751 Greenmount/ Palmyra/ Victoria Plains/ Walkerston $380 11 n.a. 4
MACKAY REGIONAL COUNCIL AREA $300 266 $280 270
4737 Sarina/ Sarina Beach/ Armstrong Beach $200 14 $210 18
4740 Andergrove/ Beaconsfield/ Mackay/ Ooralea/ etc. $300 232 $285 231
4750 Bucasia/ Shoal Point $290 16 $260 10
MACKAY REGIONAL COUNCIL AREA $420 16 $370 40
4740 Andergrove/ Beaconsfield/ Mackay/ Ooralea/ etc. $420 16 $370 38
Median house and unit prices The median house price in Townsville decreased 2.9 per cent to $369,000 over the March quarter. Preliminary sales numbers were down about 25 per cent on the previous quarter.
According to local agents, the start of 2011 was slow for the property market which was also the case in the first few months of 2010.
While the region didn’t sustain any significant damage from Cyclone Yasi, psychologically it appears to have made people much more cautious about their spending across the board.
As well as the cyclone, the region also had poor weather until about mid to late March, which meant people spent more time at home and not out and about looking at properties for sale.
Since the March quarter, the market has improved but confidence levels remain a concern.
Agents report that some would-be buyers are nervous about their jobs and therefore are not confident to upgrade or buy a new home, even if they have the ability to do so.
Solid performers over the quarter included Bushland Bush, which recorded a 3.8 per cent median house price increase to $416,000; and Condon, with a 6.5 per cent median price rise to $334,000.
The median unit and townhouse price of units and townhouses in Townsville increased 4.5 per cent to $313,500 over the March quarter.
The unit median for the suburb of South Townsville jumped 75 per cent over the March quarter due to two apartment sales for more than $650,000 in the new “Solarus” apartment building – with sea views. One of the penthouse apartments in this complex is currently up for sale for $1.925 million
There were also two sales for a little under $600,000 in the Riviera Apartments, which also boast sea views, during the March quarter.
A drop in sales in the $250,000 to $350,000 bracket compared to the December quarter also contributed to the increase to the overall median unit price for the Townsville local government area over the period.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 28
MARKETMONITORQ
UE
EN
SLA
ND
CONTENTSTOWNSVILLE CITY
HO
USE PRICEPO
INTS - SA
LES NU
MBERS BY PRICE RA
NG
E
137
121
118
780
799
697
1177
1064
910
124
147
83
SEP 10
DEC 10
MAR 11
BRISBANE CITY HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
815
718
586
1009
885
779
328
291
244
16
20
6
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
24
20
25
433
376
371
332
318
350
49
37
36
SEP 10
DEC 10
MAR 11
GOLD COAST HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
68
49
55
322
307
269
189
178
154
26
15
20
SEP 10
DEC 10
MAR 11
SUNSHINE COAST HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
181
154
132
42
39
32
8
9
7
SEP 10
DEC 10
MAR 11
BUNDABERG HOUSE SALES<$350,000 $350,000+ $500,000+
166
148
113
165
139
106
55
55
48
SEP 10
DEC 10
MAR 11
CAIRNS HOUSE SALES<$350,000 $350,000+ $500,000+
156
147
129
51
40
31
9
7
1
SEP 10
DEC 10
MAR 11
FRASER COAST HOUSE SALES<$350,000 $350,000+ $500,000+
44
61
27
90
130
136
27
30
42
SEP 10
DEC 10
MAR 11
GLADSTONE HOUSE SALES<$350,000 $350,000+ $500,000+
178
170
145
214
234
162
57
63
42
SEP 10
DEC 10
MAR 11
TOWNSVILLE HOUSE SALES<$350,000 $350,000+ $500,000+
77
53
59
148
164
147
54
59
49
SEP 10
DEC 10
MAR 11
MACKAY HOUSE SALES<$350,000 $350,000+ $500,000+
162
142
125
62
59
69
22
18
21
SEP 10
DEC 10
MAR 11
ROCKHAMPTON HOUSE SALES<$350,000 $350,000+ $500,000+
266
230
236
97
110
74
16
27
22
SEP 10
DEC 10
MAR 11
TOOWOOMBA HOUSE SALES<$350,000 $350,000+ $500,000+
41
34
37
265
260
220
628
511
478
270
239
174
37
46
13
SEP 10
DEC 10
MAR 11
BRISBANE CITY UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
113
98
71
231
172
143
71
79
58
38
31
14
3
3
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
104
116
82
374
291
307
282
269
267
191
178
134
50
61
33
SEP 10
DEC 10
MAR 11
GOLD COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
46
58
62
140
125
118
99
102
97
77
84
64
24
15
22
SEP 10
DEC 10
MAR 11
SUNSHINE COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
20
14
12
12
10
8
6
2
0
3
2
3
SEP 10
DEC 10
MAR 11
BUNDABERG UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
119
124
66
56
46
30
32
24
10
21
25
10
SEP 10
DEC 10
MAR 11
CAIRNS UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
20
14
13
14
8
11
4
2
2
6
1
1
SEP 10
DEC 10
MAR 11
FRASER COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
17
13
0
5
13
20
4
19
12
6
6
8
SEP 10
DEC 10
MAR 11
GLADSTONE UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
22
26
26
31
44
29
21
18
19
11
17
10
SEP 10
DEC 10
MAR 11
TOWNSVILLE UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
20
9
11
26
19
20
9
9
8
7
4
2
SEP 10
DEC 10
MAR 11
MACKAY UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
19
10
6
7
16
8
11
9
3
4
2
0
SEP 10
DEC 10
MAR 11
ROCKHAMPTON UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
45
43
20
26
23
16
7
2
5
2
3
0
SEP 10
DEC 10
MAR 11
TOOWOOMBA UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
38
14
21
54
27
28
34
26
8
15
7
6
SEP 10
DEC 10
MAR 11
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
436
271
216
77
57
47
12
8
9
8
4
5
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
Includes REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
52
19
17
25
7
20
1
1
3
6
9
15
SEP 10
DEC 10
MAR 11
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
39
36
26
18
14
17
18
8
15
9
3
11
SEP 10
DEC 10
MAR 11
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
44
40
26
0
1
0
2
0
1
SEP 10
DEC 10
MAR 11
BUNDABERG LAND SALES<$250,000 <$350,000 $350,000+
53
45
31
6
2
3
8
5
1
SEP 10
DEC 10
MAR 11
CAIRNS LAND SALES<$250,000 <$350,000 $350,000+
53
32
32
3
7
1
0
4
1
SEP 10
DEC 10
MAR 11
FRASER COAST LAND SALES<$250,000 <$350,000 $350,000+
57
88
47
4
2
6
2
1
5
SEP 10
DEC 10
MAR 11
GLADSTONE LAND SALES<$250,000 <$350,000 $350,000+
55
55
41
4
6
3
2
2
2
SEP 10
DEC 10
MAR 11
TOWNSVILLE LAND SALES<$250,000 <$350,000 $350,000+
68
37
20
13
7
4
3
5
1
SEP 10
DEC 10
MAR 11
MACKAY LAND SALES<$250,000 <$350,000 $350,000+
70
76
47
3
3
1
0
0
2
SEP 10
DEC 10
MAR 11
ROCKHAMPTON LAND SALES<$250,000 <$350,000 $350,000+
56
73
26
5
1
3
0
0
1
SEP 10
DEC 10
MAR 11
TOOWOOMBA LAND SALES<$250,000 <$350,000 $350,000+
HOUSES
Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr” Mar 2011 1yr” 5yrs
MEDIAN SALES DATA
UNITS & TOWNHOUSES
Overall, there continues to be oversupply of units on the market which is resulting in attractive prices and incentives to buy.
Median land prices The sale of vacant land has dropped dramatically in the region since about 2007/2008. While about 105 first home owner grants for new builds have been made in the Townsville region since 1 June last year, building a new home as your first residence still remains out of the financial reach of most first-timers.
Developers have also reportedly been finding it a challenge financially to develop land affordably due to high head-works charges.
The median price of vacant land in Townsville increased 4 per cent to $157,000 over the March quarter.
Median rents The median rent for a three-bedroom house increased $10 per week to $340 between March 2011 and March last year. The median rent for a two-bedroom unit increased $20 per week to $290 over the same period.
Investors are starting to slowly make a return to the Townsville market, but the region is perhaps not up as high up on the list of potential investment hot-spots as it previously has been.
Given the very flat market conditions on the Gold Coast and in flood-affected parts of Brisbane, local agents say, many potential investors are currently seeking opportunities further south. They are also eyeing the resource-rich areas of Gladstone and Mackay.
TOWNSVILLE CITY (LGA) 349 $369,000 -2.9% $372,500 0.7% 40.6%
TOWNSVILLE CITY (LGA) ^ ~ 27 $385,000 -15.6% $435,000 0.6% 41.5%
AITKENVALE 15 $350,000 1.0% $343,750 2.5% 40.3%
ALICE RIVER ^ ~ 7 $430,000 -9.5% $472,500 -0.5% 43.2%
ALLIGATOR CREEK ^ 2 N/A N/A $487,500 N/A 74.1%
ANNANDALE 21 $460,000 -1.2% $465,000 1.9% 32.9%
BOHLE PLAINS * 17 $450,000 2.3% $445,000 -2.2% N/A
BURDELL * 4 N/A N/A $415,000 9.4% 56.6%
BUSHLAND BEACH ~ 21 $416,000 3.8% $408,890 -3.8% 19.7%
CONDON ~ 10 $334,000 6.5% $327,000 -0.9% 30.3%
CRANBROOK ~ 9 $315,000 -8.4% $325,000 -1.2% 41.3%
CURRAJONG ~ 4 N/A N/A $291,250 -9.8% 24.6%
DEERAGUN ~ 8 $330,000 -4.5% $350,000 4.5% 79.5%
DOUGLAS ~ 18 $411,000 -6.6% $420,000 3.7% 36.6%
GARBUTT 3 N/A N/A $305,250 N/A 38.8%
GULLIVER 11 $312,000 N/A $300,500 0.2% 36.6%
HEATLEY 6 N/A N/A $300,000 0.0% 33.3%
HERMIT PARK ~ 7 $426,000 0.2% $372,500 -4.2% 38.6%
IDALIA ~ f 14 $565,000 18.4% $487,000 -1.3% 26.9%
KELSO ^ ~ 5 $400,000 -21.2% $442,000 -2.9% 30.4%
KELSO ~ 25 $320,500 -15.7% $335,000 4.7% 59.1%
KIRWAN * 52 $359,000 -0.3% $365,000 -3.9% 28.1%
MOUNT LOUISA 16 $407,500 -3.0% $409,500 4.1% 37.4%
MOUNT LOW * 3 N/A N/A $393,000 N/A N/A
MUNDINGBURRA 5 N/A N/A $364,000 -2.9% 34.8%
RAILWAY ESTATE ~ 7 $319,000 -6.0% $340,000 0.4% 28.3%
RASMUSSEN 4 N/A N/A $291,250 -2.9% 31.0%
THURINGOWA CENTRAL ~ 6 N/A N/A $370,750 10.2% 51.3%
VINCENT ~ 9 $289,000 2.1% $284,000 -5.6% 29.1%
WEST END ~ 10 $347,500 -6.1% $370,000 -2.6% 42.3%
WULGURU ~ 13 $295,000 -11.1% $317,500 -1.7% 41.1%
TOWNSVILLE CITY (LGA) * f 84 $313,500 4.5% $315,000 -1.6% 38.8%
HERMIT PARK 5 N/A N/A $241,000 4.8% 42.9%
KIRWAN ~ 8 $268,500 3.3% $276,000 -7.1% 38.0%
NORTH WARD ~ f 18 $382,500 10.1% $360,000 -2.0% 30.9%
SOUTH TOWNSVILLE * f 7 $590,000 73.5% $572,000 N/A 80.2%
TOWNSVILLE CITY * f 8 $326,500 -18.4% $472,500 -7.4% 25.3%
WEST END 5 N/A N/A $302,500 -6.9% 69.9%
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 29
TOWNSVILLE CITY
2 BEDROOM FLATS/UNITS
3 BEDROOM HOUSES continued
MEDIAN WEEKLY RENTSSuburbs/Localities
Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de
VACANT URBAN LAND
Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr” Mar 2011 1yr” 5yrs
MEDIAN SALES DATA
2 BEDROOM TOWNHOUSES
HO
USE PRICEPO
INTS - SA
LES NU
MBERS BY PRICE RA
NG
E
137
121
118
780
799
697
1177
1064
910
124
147
83
SEP 10
DEC 10
MAR 11
BRISBANE CITY HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
815
718
586
1009
885
779
328
291
244
16
20
6
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
24
20
25
433
376
371
332
318
350
49
37
36
SEP 10
DEC 10
MAR 11
GOLD COAST HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
68
49
55
322
307
269
189
178
154
26
15
20
SEP 10
DEC 10
MAR 11
SUNSHINE COAST HOUSE SALES<$350,000 $350,000+ $500,000+ $1m+
181
154
132
42
39
32
8
9
7
SEP 10
DEC 10
MAR 11
BUNDABERG HOUSE SALES<$350,000 $350,000+ $500,000+
166
148
113
165
139
106
55
55
48
SEP 10
DEC 10
MAR 11
CAIRNS HOUSE SALES<$350,000 $350,000+ $500,000+
156
147
129
51
40
31
9
7
1
SEP 10
DEC 10
MAR 11
FRASER COAST HOUSE SALES<$350,000 $350,000+ $500,000+
44
61
27
90
130
136
27
30
42
SEP 10
DEC 10
MAR 11
GLADSTONE HOUSE SALES<$350,000 $350,000+ $500,000+
178
170
145
214
234
162
57
63
42
SEP 10
DEC 10
MAR 11
TOWNSVILLE HOUSE SALES<$350,000 $350,000+ $500,000+
77
53
59
148
164
147
54
59
49
SEP 10
DEC 10
MAR 11
MACKAY HOUSE SALES<$350,000 $350,000+ $500,000+
162
142
125
62
59
69
22
18
21
SEP 10
DEC 10
MAR 11
ROCKHAMPTON HOUSE SALES<$350,000 $350,000+ $500,000+
266
230
236
97
110
74
16
27
22
SEP 10
DEC 10
MAR 11
TOOWOOMBA HOUSE SALES<$350,000 $350,000+ $500,000+
CAIRNS REGIONAL
TOWNSVILLE CITY (LGA) * 46 $157,000 4.0% $160,000 -1.2% 38.1%
TOWNSVILLE CITY (LGA) ^ ~ 9 $206,500 N/A $233,000 13.7% 94.2%
BOHLE PLAINS * 4 N/A N/A $170,000 1.6% 51.8%
BURDELL * 1 N/A N/A $168,500 -6.1% 134.0%
BUSHLAND BEACH 8 $153,500 2.3% $152,000 2.0% 44.8%
IDALIA * 3 N/A N/A $252,900 -2.7% 67.0%
KELSO * 1 N/A N/A $149,400 4.5% 42.3%
MOUNT LOUISA 4 N/A N/A $170,000 1.2% 31.2%
MOUNT LOW * 10 $153,000 5.5% $154,000 -3.1% N/A
3 BEDROOM HOUSES
MEDIAN WEEKLY RENTSSuburbs/Localities
Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de
TOWNSVILLE CITY COUNCIL AREA $340 743 $330 693
Townsville Region $340 423 $330 386
4810 Belgian Gardens/ Castle Hill/ Townsville City/ etc. $370 63 $350 55
4811 Cluden/ Idalia/ Oak Valley/ Stuart/ Wulguru/ etc. $320 34 $340 31
4812 Currajong/ Gulliver/ Mundingburra/ Rosslea/ etc. $350 71 $321 72
4814 Aitkenvale/ Cranbrook/ Douglas/ Mt Louisa/ etc. $340 243 $330 216
4819 Horseshoe Bay/ Nelly Bay/ Picnic Bay/ etc. $300 12 $265 12
Thuringowa Region $330 320 $330 307
4815 Condon/ Kelso/ Pinnacles/ Rasmussen/ etc. $320 117 $310 117
4816 Balgal Beach/ Paluma/ Rollingstone/ etc. $280 11 $270 16
4817 Alice River/ Kirwan/ Thuringowa Central/ etc. $350 126 $350 131
4818 Black River/ Bushland Bch/ Deeragun/ Mt Low/ etc. $330 66 $320 43
TOWNSVILLE CITY COUNCIL AREA $290 779 $270 822
Townsville Region $290 724 $275 770
4810 Belgian Gardens/ Castle Hill/ Townsville City/ etc. $315 388 $300 421
4811 Cluden/ Idalia/ Oak Valley/ Stuart/ Wulguru/ etc. $340 46 $330 45
4812 Currajong/ Gulliver/ Mundingburra/ Rosslea/ etc. $255 203 $250 210
4814 Aitkenvale/ Cranbrook/ Douglas/ Mt Louisa/ etc. $290 83 $260 84
4819 Horseshoe Bay/ Nelly Bay/ Picnic Bay/ etc. n.a. 4 $210 10
Thuringowa Region $260 55 $265 52
4815 Condon/ Kelso/ Pinnacles/ Rasmussen/ etc. $230 14 $250 12
4817 Alice River/ Kirwan/ Thuringowa Central/ etc. $275 37 $270 34
TOWNSVILLE CITY COUNCIL AREA $285 59 $285 65
Townsville Region $285 56 $285 61
4810 Belgian Gardens/ Castle Hill/ Townsville City/ etc. $300 26 $290 14
4812 Currajong/ Gulliver/ Mundingburra/ Rosslea/ etc. $280 21 $270 27
4814 Aitkenvale/ Cranbrook/ Douglas/ Mt Louisa/ etc. $280 8 $305 18
Thuringowa Region n.a. 3 n.a. 4
Median house and unit prices The median house price in Cairns increased 1.7 per cent over the quarter to $367,000 although demand continued to ease with preliminary sales numbers down about 22 per cent compared to the previous quarter.
The easing of sales activity however was to be expected given the effects of Cyclone Yasi in February which in turn – according to agents in the area - lowered the residential vacancy rate slightly.
In terms of preliminary sales numbers, Edmonton was the star performer for the region. It was one of just four localities reported on to record an increase in preliminary sales over the period, as well as posting an increase of 10.8 per cent to its median house price.
Agents in the region are also reporting a slow trickle of investors back into the market.
Redlynch, an area predominately known for its acreage living, was the only suburb in Cairns that posted positive growth without the median house price being affected by varying factors. The suburb recorded a 3.2 per cent median price increase for the quarter to $402,500, which can partly be attributed to the new properties at the Redlynch Valley Estate.
Conversely, the unit and townhouse market reported a decrease in its median price to $230,500, as well as a drop of almost 50 per cent in the numbers of preliminary sales compared to the December quarter.
Earlville, a stand-out suburb in the region for units and townhouses, recorded 45 sales for the year ending March 2011 - up from only 13 the previous year. The increase was assisted by the new unit development Cairns Pavilions on Ishmael Road (not far from the racecourse) selling well.
This complex has been popular with both owner-occupiers and investors, with two and three bedroom units selling for between $250,000 and $300,000.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 30
MARKETMONITORQ
UE
EN
SLA
ND
CONTENTSCAIRNS REGIONAL
41
34
37
265
260
220
628
511
478
270
239
174
37
46
13
SEP 10
DEC 10
MAR 11
BRISBANE CITY UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
113
98
71
231
172
143
71
79
58
38
31
14
3
3
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
104
116
82
374
291
307
282
269
267
191
178
134
50
61
33
SEP 10
DEC 10
MAR 11
GOLD COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
46
58
62
140
125
118
99
102
97
77
84
64
24
15
22
SEP 10
DEC 10
MAR 11
SUNSHINE COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+ $1m+
20
14
12
12
10
8
6
2
0
3
2
3
SEP 10
DEC 10
MAR 11
BUNDABERG UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
119
124
66
56
46
30
32
24
10
21
25
10
SEP 10
DEC 10
MAR 11
CAIRNS UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
20
14
13
14
8
11
4
2
2
6
1
1
SEP 10
DEC 10
MAR 11
FRASER COAST UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
17
13
0
5
13
20
4
19
12
6
6
8
SEP 10
DEC 10
MAR 11
GLADSTONE UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
22
26
26
31
44
29
21
18
19
11
17
10
SEP 10
DEC 10
MAR 11
TOWNSVILLE UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
20
9
11
26
19
20
9
9
8
7
4
2
SEP 10
DEC 10
MAR 11
MACKAY UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
19
10
6
7
16
8
11
9
3
4
2
0
SEP 10
DEC 10
MAR 11
ROCKHAMPTON UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
45
43
20
26
23
16
7
2
5
2
3
0
SEP 10
DEC 10
MAR 11
TOOWOOMBA UNIT SALES<$250,000 $250,000+ $350,000+ $500,000+
38
14
21
54
27
28
34
26
8
15
7
6
SEP 10
DEC 10
MAR 11
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
436
271
216
77
57
47
12
8
9
8
4
5
SEP 10
DEC 10
MAR 11
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
Includes REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
52
19
17
25
7
20
1
1
3
6
9
15
SEP 10
DEC 10
MAR 11
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
39
36
26
18
14
17
18
8
15
9
3
11
SEP 10
DEC 10
MAR 11
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
44
40
26
0
1
0
2
0
1
SEP 10
DEC 10
MAR 11
BUNDABERG LAND SALES<$250,000 <$350,000 $350,000+
53
45
31
6
2
3
8
5
1
SEP 10
DEC 10
MAR 11
CAIRNS LAND SALES<$250,000 <$350,000 $350,000+
53
32
32
3
7
1
0
4
1
SEP 10
DEC 10
MAR 11
FRASER COAST LAND SALES<$250,000 <$350,000 $350,000+
57
88
47
4
2
6
2
1
5
SEP 10
DEC 10
MAR 11
GLADSTONE LAND SALES<$250,000 <$350,000 $350,000+
55
55
41
4
6
3
2
2
2
SEP 10
DEC 10
MAR 11
TOWNSVILLE LAND SALES<$250,000 <$350,000 $350,000+
68
37
20
13
7
4
3
5
1
SEP 10
DEC 10
MAR 11
MACKAY LAND SALES<$250,000 <$350,000 $350,000+
70
76
47
3
3
1
0
0
2
SEP 10
DEC 10
MAR 11
ROCKHAMPTON LAND SALES<$250,000 <$350,000 $350,000+
56
73
26
5
1
3
0
0
1
SEP 10
DEC 10
MAR 11
TOOWOOMBA LAND SALES<$250,000 <$350,000 $350,000+
HOUSES
Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr” Mar 2011 1yr” 5yrs
MEDIAN SALES DATA
UNITS & TOWNHOUSES
VACANT URBAN LAND
Median land prices Agents in the area reported a fairly sluggish land market in Cairns for the first quarter of the year with preliminary sales numbers falling dramatically, down 33 per cent on the previous quarter. The median price of vacant urban land in Cairns dropped 1.9 per cent to $179,000 over the March quarter.
Agents are also reporting that a larger number of land buyers are in fact first home buyers. Another segment of the market being home owners wanting to purchase land after they have sold their current home.
Edmonton was also a strong performer for land sales with the highest number of preliminary sales compared to any other suburb in the region over the March quarter. The median price for vacant urban land in Edmonton is $142,000.
Median rents The median rent for a three-bedroom house increased $10 per week to $310 between March 2011 and March this year. The median rent for a two-bedroom unit remained unchanged at $250 over the same period.
Suburbs with the postcode 4879 (Buchan Point, Clifton Beach, Ellis Beach, Kewarra Beach, Palm Cove, Trinity Beach and Trinity Park) recorded a higher-than-average rent at $260 per week.
The REIQ’s rental survey has shown a tightening of rentals in the Cairns area, with vacancy rates sitting at 3.8 per cent over the March quarter.
CAIRNS (LGA) 267 $367,000 1.7% $365,000 0.0% 25.9%
CAIRNS (LGA) ^ ~ 9 N/A N/A $622,500 10.4% 34.8%
BAYVIEW HEIGHTS ~ 3 N/A N/A $340,000 -6.1% 21.4%
BENTLEY PARK ~ 15 $327,000 2.2% $324,000 -3.1% 24.1%
BRINSMEAD 17 $408,000 -1.7% $404,500 -0.1% 19.3%
CLIFTON BEACH ~ 6 N/A N/A $465,000 -4.1% 17.7%
EARLVILLE ~ 4 N/A N/A $302,000 -12.5% 7.9%
EDGE HILL ~ 12 $433,000 -19.8% $450,000 5.3% 23.3%
EDMONTON ~ * 36 $317,000 10.8% $315,000 -6.0% 26.8%
FRESHWATER 4 N/A N/A $490,000 8.9% 25.6%
GORDONVALE ~ 4 N/A N/A $273,500 -10.0% 18.9%
HOLLOWAYS BEACH ~ * 2 N/A N/A $350,000 -8.5% 18.6%
KANIMBLA ~ 5 N/A N/A $431,250 -6.7% 16.9%
KEWARRA BEACH ~ f 16 $425,000 13.8% $396,000 -3.4% 29.8%
MANOORA 3 N/A N/A $295,000 -0.8% 34.1%
MANUNDA ~ 5 N/A N/A $294,750 -9.6% 23.2%
MOOROOBOOL ~ 12 $357,500 -5.9% $345,000 1.5% 30.2%
MOUNT SHERIDAN ~ 22 $357,000 12.4% $341,500 0.7% 22.6%
PARRAMATTA PARK ~ 3 N/A N/A $376,500 -8.7% 17.1%
PORT DOUGLAS ~ f 7 $630,000 N/A $570,000 19.4% 15.2%
REDLYNCH 14 $402,500 3.2% $406,000 -2.2% 16.0%
SMITHFIELD ~ 9 $320,000 -11.1% $360,000 -5.0% 33.5%
TRINITY BEACH ~ 13 $370,000 -3.3% $375,000 -5.1% 21.0%
TRINITY PARK + 14 $370,000 -0.8% $385,000 2.7% 37.5%
WHITE ROCK 2 N/A N/A $275,500 -2.5% 21.1%
WHITFIELD ~ 8 $410,000 -17.2% $450,000 0.0% 37.2%
WOREE ~ 5 N/A N/A $292,500 -8.7% 19.4%
CAIRNS (LGA) - * f 116 $230,500 -1.1% $265,000 0.8% 34.0%
CAIRNS CITY * f 9 $550,000 12.2% $490,000 11.4% 49.4%
CAIRNS NORTH * 11 $295,000 -0.5% $285,500 -3.2% 21.5%
CLIFTON BEACH * f 3 N/A N/A $285,000 -6.6% 18.8%
EARLVILLE * 6 N/A N/A $262,000 N/A 86.5%
EDGE HILL ~ * 4 N/A N/A $226,000 16.2% 61.4%
MANOORA ~ 6 N/A N/A $165,000 -16.7% 10.0%
MANUNDA * 8 $161,500 -5.0% $180,000 -7.7% 33.3%
MOOROOBOOL * 7 $210,000 N/A $215,000 -6.8% 34.0%
PALM COVE ~ * f 8 $310,000 10.7% $340,000 -6.8% -15.0%
PARRAMATTA PARK ~ 3 N/A N/A $255,000 -0.6% 21.4%
PORT DOUGLAS * f 6 N/A N/A $300,000 -3.2% 53.8%
TRINITY BEACH * f 9 $320,000 25.5% $280,500 -5.9% 27.5%
YORKEYS KNOB * f 2 N/A N/A $232,500 13.4% 25.7%
CAIRNS (LGA) 35 $179,000 -1.9% $172,500 1.5% 56.8%
CAIRNS (LGA) ^ ~ 9 N/A N/A $231,000 -2.1% 88.6%
BENTLEY PARK * 0 N/A N/A $141,000 -3.1% 59.9%
EDMONTON 7 $142,000 N/A $142,000 13.6% 70.5%
GORDONVALE * 1 N/A N/A $123,500 -1.2% 21.1%
REDLYNCH 3 N/A N/A $175,000 1.4% 28.7%
SMITHFIELD ~ * 2 N/A N/A $175,000 -17.8% N/A
TRINITY BEACH ~ * 3 N/A N/A $168,500 -5.9% N/A
TRINITY PARK + * f 4 N/A N/A $191,500 13.3% -18.4%
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 31
CAIRNS REGIONAL
2 BEDROOM FLATS/UNITS
3 BEDROOM HOUSES
Suburbs/Localities
Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS
3 BEDROOM TOWNHOUSES
Suburbs/Localities
Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS
OTHER REGIONAL AREAS
CAIRNS REGIONAL COUNCIL AREA $310 551 $300 495
Cairns Region $310 523 $300 454
4861 Babinda/ Bartle Frere $250 5 n.a. 3
4865 Goldsborough/ Gordonvale/ Green Hill/ etc. $300 17 $280 13
4868 Bayview Heights/ Mount Sheridan/ White Rock/ etc. $300 95 $300 79
4869 Bentley Park/ Edmonton/ Mt Peter/ etc. $280 64 $290 74
4870 Cairns & suburbs of Cairns $325 187 $310 157
4878 Caravonica/ Holloways Beach/ Machans Bch/ etc. $320 64 $320 57
4879 Clifton Beach/ Kewarra Beach/ Palm Cove/ etc. $340 91 $330 71
Douglas Region $300 28 $300 41
4873 Mossman/ Cooya Beach/ Cow Bay/ Miallo/ etc $260 16 $280 28
4877 Port Douglas/ Craiglie/ Mowbray/ Oak Beach $350 12 $390 13
CAIRNS REGIONAL COUNCIL AREA $250 1,089 $250 1,041
Cairns Region $250 1,016 $250 969
4868 Bayview Heights/ Mount Sheridan/ White Rock/ etc. $230 79 $230 84
4869 Bentley Park/ Edmonton/ Mt Peter/ etc. $210 14 $200 20
4870 Cairns & suburbs of Cairns $250 680 $250 620
4878 Caravonica/ Holloways Beach/ Machans Bch/ etc. $250 89 $250 102
4879 Clifton Beach/ Kewarra Beach/ Palm Cove/ etc. $260 150 $250 137
Douglas Region $240 73 $250 72
4873 Mossman/ Cooya Beach/ Cow Bay/ Miallo/ etc $180 14 $180 11
4877 Port Douglas/ Craiglie/ Mowbray/ Oak Beach $255 59 $260 61
CAIRNS REGIONAL COUNCIL AREA $230 134 $230 116
Cairns Region $230 118 $230 113
4868 Bayview Heights/ Mount Sheridan/ White Rock/ etc. $215 12 $210 12
4869 Bentley Park/ Edmonton/ Mt Peter/ etc. $200 17 $200 13
4870 Cairns & suburbs of Cairns $240 53 $230 44
4878 Caravonica/ Holloways Beach/ Machans Bch/ etc. $230 21 $230 28
4879 Clifton Beach/ Kewarra Beach/ Palm Cove/ etc. $270 14 $250 15
Douglas Region $250 16 n.a. 3
4877 Port Douglas/ Craiglie/ Mowbray/ Oak Beach $250 15 n.a. 3
2 BEDROOM FLATS/UNITS continued
Median house and unit prices The Western Queensland and Western Downs regions produced strong results over the March quarter, mainly attributable to the further development of coal seam gas mining in these areas.
The Maranoa regional council area recorded a median house price increase of 29.1 per cent to $362,000 over the period. The region around Roma is said to be one of the richest for coal seam gas exploration in the country which is driving property prices upwards as demand for housing intensifies.
The Western Downs regional council area recorded a median house price increase of 7.7 per cent to $275,000 over the quarter. The region sits inside the growing Surat Basin Energy Province which is being touted as the next boom resources area for the years ahead.
Median land prices The sale of vacant residential land under 2,400m² took a tumble during the March quarter with very few sales recorded across Queensland’s other regional areas.
While the sale of residential land is usually not as prevalent as acreage land given the rural and remote locations of these regional areas, there was a marked decrease in sales over the period.
Median rentsRents in the majority of regional areas held relatively steady over the March quarter. Demand for rental properties in mining areas, however, it continuing to drive up rents. The median rent for a three-bedroom house in Mt Isa increased $30 per week to $470 between March 2011 and March last year. The median rent for a house in the Isaac regional council area jumped $250 per week to $750 over the same period due to new mining activity in the Dysart and Moranbah regions.
Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
MEDIAN SALES DATA
HOUSES BALONNE (LGA) 4 N/A N/A $165,000 10.0% 22.2%
ST GEORGE 4 N/A N/A $216,750 22.1% 53.7%
BANANA (LGA) 23 $305,000 9.9% $265,000 0.0% 57.5%
BILOELA ~ 19 $310,000 10.7% $281,000 -1.4% 42.6%
BARCALDINE (LGA) ~ 3 N/A N/A $157,500 -6.5% 238.7%
BLACKALL TAMBO (LGA) 2 N/A N/A $132,500 N/A 171.8%
BURDEKIN (LGA) ~ 18 $257,500 12.0% $250,000 10.1% 81.2%
BURDEKIN (LGA) ^ 4 N/A N/A $335,000 N/A 59.5%
AYR 12 $284,500 2.0% $255,000 6.3% 66.7%
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 32
MARKETMONITORQ
UE
EN
SLA
ND
CONTENTSOTHER REGIONAL AREAS
HOUSES continuedHOUSES
Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
CASSOWARY COAST (LGA) ~ 9 N/A N/A $260,000 -1.1% 48.6%
CASSOWARY COAST (LGA) ^ ~ 5 N/A N/A $347,500 -2.1% 36.3%
CENTRAL HIGHLANDS (LGA) 73 $365,000 -1.4% $355,000 2.9% 38.1%
CENTRAL HIGHLANDS (LGA) ^ 9 N/A N/A $477,500 52.8% 40.4%
BLACKWATER ~ 14 $355,000 10.9% $325,250 14.1% 54.9%
EMERALD 51 $395,000 3.9% $377,000 -0.3% 22.3%
EMERALD ^ 5 $583,000 3.5% $552,250 1.8% 29.6%
CHARTERS TOWERS (LGA) ~ 13 N/A N/A $205,000 -3.3% 79.8%
CHARTERS TOWERS (LGA) ^ ~ 8 N/A N/A $372,500 -5.7% 96.1%
LISSNER 5 N/A N/A $200,000 1.0% 81.8%
GOONDIWINDI (LGA) ~ 10 N/A N/A $232,500 -5.9% 27.7%
GOONDIWINDI ~ 3 N/A N/A $260,000 -16.1% 20.9%
GYMPIE (LGA) ~ 57 $245,000 -10.3% $280,000 -3.4% 27.3%
GYMPIE (LGA) ^ ~ 26 $345,000 -2.6% $357,000 -4.8% 27.5%
COOLOOLA COVE ~ 3 N/A N/A $300,000 -4.8% 25.8%
CURRA ^ 3 N/A N/A $313,500 6.3% 56.8%
GYMPIE ~ 35 $235,000 -4.1% $252,000 -5.6% 20.0%
SOUTHSIDE ~ 4 N/A N/A $322,000 -3.9% 28.8%
THE PALMS ^ 2 N/A N/A $360,000 N/A 42.9%
TIN CAN BAY ~ 6 N/A N/A $350,000 15.9% 20.7%
HINCHINBROOK (LGA) ~ 3 N/A N/A $249,500 -4.0% 70.9%
INGHAM 3 N/A N/A $237,500 -1.0% 83.4%
ISAAC (LGA) 41 $420,000 -2.3% $430,000 7.5% 53.6%
CLERMONT ~ 6 N/A N/A $255,000 -12.8% 86.1%
DYSART 8 $439,000 2.1% $430,000 3.6% 109.2%
MORANBAH 24 $435,000 -3.9% $461,500 6.1% 51.3%
LOCKYER VALLEY (LGA) 14 N/A N/A $275,000 1.9% 48.6%
LOCKYER VALLEY (LGA) ^ ~ 37 $330,000 -4.3% $345,000 1.5% 38.6%
GATTON 7 $345,000 29.7% $288,750 2.2% 45.8%
KENSINGTON GROVE ^ ~ 3 N/A N/A $348,750 -6.1% N/A
LAIDLEY 3 N/A N/A $262,500 8.9% 50.0%
LAIDLEY HEIGHTS ^ ~ 3 N/A N/A $342,000 10.3% 44.2%
REGENCY DOWNS ^ 3 N/A N/A $325,000 -3.0% 43.6%
LONGREACH (LGA) 7 N/A N/A $230,000 -1.1% 76.9%
LONGREACH 6 N/A N/A $240,000 -2.0% 81.8%
MARANOA (LGA) 18 $362,500 29.1% $280,000 10.2% 100.0%
ROMA 14 $372,000 28.7% $290,000 7.4% 87.1%
MOUNT ISA (LGA) 43 $355,000 1.4% $350,000 6.1% 97.7%
HEALY ~ 7 $370,000 -16.9% $407,000 8.0% 88.9%
MORNINGTON 4 N/A N/A $335,000 11.7% 97.1%
SOLDIERS HILL 4 N/A N/A $330,000 2.2% 88.6%
SUNSET 5 N/A N/A $346,000 3.7% 87.0%
TOWNVIEW 5 N/A N/A $357,500 8.3% 97.5%
MURWEH (LGA) ~ 9 N/A N/A $130,000 -7.1% 62.5%
CHARLEVILLE 6 N/A N/A $140,000 -2.1% 55.6%
NORTH BURNETT (LGA) ~ 13 N/A N/A $160,000 -4.5% 39.7%
NORTH BURNETT (LGA) ^ 4 N/A N/A $181,250 N/A 19.8%
GAYNDAH ~ 5 N/A N/A $167,000 -15.2% 19.3%
SCENIC RIM (LGA) 28 $405,000 8.0% $381,500 6.0% 36.3%
SCENIC RIM (LGA) ^ ~ 24 $447,500 -2.2% $471,250 -1.8% 27.4%
BEAUDESERT ~ 5 N/A N/A $340,250 10.5% 47.9%
KOORALBYN ^ ~ 3 N/A N/A $320,000 -5.6% 31.4%
TAMBORINE ^ 1 N/A N/A $595,000 5.5% 54.5%
TAMBORINE MOUNTAIN ~ 17 $420,000 -6.8% $447,000 1.6% N/A
TAMBORINE MOUNTAIN ^ 7 $585,000 N/A $755,000 0.3% N/A
SOMERSET (LGA) ~ 11 N/A N/A $262,500 -5.6% 54.4%
SOMERSET (LGA) ^ 14 N/A N/A $370,000 -1.0% 37.5%
FERNVALE ^ 7 $385,000 N/A $375,000 N/A 47.1%
LOWOOD ~ * 4 N/A N/A $249,500 -8.1% 46.8%
LOWOOD ^ 2 N/A N/A $355,000 4.4% 41.4%
SOUTH BURNETT (LGA) ~ 24 $222,500 17.4% $225,000 -4.3% 34.7%
SOUTH BURNETT (LGA) ^ 23 $350,000 12.9% $310,000 10.3% 53.5%
KINGAROY 14 $234,000 4.0% $259,500 -2.1% 35.2%
KINGAROY ^ 6 $412,250 N/A $402,250 3.1% 33.2%
MURGON 4 N/A N/A $170,000 0.0% 30.8%
NANANGO 3 N/A N/A $215,000 -2.3% 36.9%
SOUTHERN DOWNS (LGA) 57 $255,000 -0.8% $245,000 4.3% 38.2%
SOUTHERN DOWNS (LGA) ^ 18 $337,500 -0.7% $335,000 0.0% 36.7%
STANTHORPE ~ 8 $260,000 16.3% $250,000 7.1% 39.7%
WARWICK 39 $255,000 -1.9% $245,000 -2.0% 32.4%
TABLELANDS (LGA) 40 $295,250 -3.2% $296,250 2.2% 56.3%
TABLELANDS (LGA) ^ ~ 26 $338,750 -7.8% $410,000 2.5% 40.9%
ATHERTON ~ 14 $332,500 16.7% $320,000 -3.0% 41.3%
KURANDA ^ ~ 5 $475,000 14.5% $425,000 -12.6% 32.5%
MAREEBA 10 $297,500 -2.5% $279,000 -2.1% 63.2%
WEIPA (LGA) 7 N/A N/A $397,500 15.2% 80.3%
WESTERN DOWNS (LGA) ~ 32 $275,000 7.7% $266,500 4.5% 64.0%
WESTERN DOWNS (LGA) ^ 4 N/A N/A $357,500 11.7% 123.4%
CHINCHILLA 10 $309,000 -3.4% $292,500 -0.1% 63.4%
DALBY ~ 14 $272,500 13.8% $265,000 -4.7% 53.2%
DALBY ^ ~ 2 N/A N/A $392,500 -10.6% 34.6%
WHITSUNDAY (LGA) ~ 32 $353,250 -8.2% $369,500 -5.3% 44.6%
WHITSUNDAY (LGA) ^ 5 N/A N/A $477,500 0.9% 38.4%
BOWEN ~ 7 $360,000 -7.0% $365,000 4.3% 63.7%
CANNONVALE ~ 7 $380,000 -13.3% $438,500 -3.1% 9.6%
COLLINSVILLE * 6 N/A N/A $185,000 N/A 131.3%
JUBILEE POCKET 7 $390,000 N/A $413,500 -2.9% 11.8%
PROSERPINE ~ 4 N/A N/A $306,000 -11.7% 24.9%
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 33
OTHER REGIONAL AREAS
Suburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Number of Mar change 12 mths to change changeLocality Sales Mar Qtr over the end of over over Qtr 2011 2011 qtr Mar 2011 1yr 5yrs
VACANT URBAN LAND
UNITS & TOWNHOUSES VACANT URBAN LAND continuedCENTRAL HIGHLANDS (LGA) 7 N/A N/A $307,500 11.8% 43.0%
EMERALD 7 N/A N/A $307,500 11.8% 42.2%
WESTERN DOWNS (LGA) 4 N/A N/A $292,500 2.6% 82.8%
WHITSUNDAY (LGA) 16 $272,500 -10.7% $345,000 1.3% 9.8%
CANNONVALE 7 $275,000 -6.0% $345,000 9.9% 20.6%
BANANA (LGA) ~ 9 N/A N/A $130,000 -3.0% 100.0%
BILOELA 9 N/A N/A $130,000 6.6% 71.1%
BARCALDINE (LGA) 0 N/A N/A $110,000 N/A N/A
BURDEKIN (LGA) * 2 N/A N/A $150,000 N/A 206.1%
AYR * 2 N/A N/A $155,850 N/A 94.8%
CASSOWARY COAST (LGA) ~ * 5 N/A N/A $140,000 7.7% 47.4%
CASSOWARY COAST (LGA) ^ ~ 1 N/A N/A $175,000 18.6% 84.2%
CENTRAL HIGHLANDS (LGA) * 6 N/A N/A $136,500 13.8% 39.3%
CENTRAL HIGHLANDS (LGA) ^ ~ * 2 N/A N/A $200,000 -12.1% 14.3%
BLACKWATER * 1 N/A N/A $126,000 32.6% 173.9%
EMERALD * G 3 N/A N/A $140,000 10.7% 24.7%
EMERALD ^ ~ * 1 N/A N/A $239,750 N/A 14.2%
CHARTERS TOWERS (LGA) ^ 3 N/A N/A $158,750 8.7% 229.0%
GYMPIE (LGA) 9 N/A N/A $125,000 0.8% 38.9%
GYMPIE (LGA) ^ ~ * 16 $117,500 -24.2% $137,500 -3.2% 14.6%
CURRA ^ ~ * 5 $89,000 N/A $109,000 -5.2% 39.7%
GYMPIE * 1 N/A N/A $130,000 18.2% 51.2%
HINCHINBROOK (LGA) 1 N/A N/A $95,000 1.9% 46.2%
ISAAC (LGA) * 10 N/A N/A $156,000 30.0% 290.0%
MORANBAH * 7 $156,000 N/A $190,000 58.3% 503.2%
LOCKYER VALLEY (LGA) 6 N/A N/A $125,000 0.8% 56.3%
LOCKYER VALLEY (LGA) ^ 21 $147,500 1.7% $148,250 5.9% 69.4%
LAIDLEY 1 N/A N/A $125,000 5.0% N/A
LAIDLEY NORTH 4 N/A N/A $129,000 N/A N/A
REGENCY DOWNS ^ * 2 N/A N/A $155,750 11.6% 94.7%
MARANOA (LGA) * 3 N/A N/A $118,500 149.5% 137.0%
ROMA * 3 N/A N/A $120,000 N/A 122.2%
MURWEH (LGA) ^ * 2 N/A N/A $87,000 N/A N/A
CHARLEVILLE ^ * 2 N/A N/A $86,750 N/A N/A
SCENIC RIM (LGA) 3 N/A N/A $194,500 8.1% 67.7%
SCENIC RIM (LGA) ^ ~ * 15 $229,000 N/A $191,250 -15.0% 16.1%
BEAUDESERT 1 N/A N/A $201,250 4.3% 73.5%
SOMERSET (LGA) 6 N/A N/A $129,000 -0.8% 63.8%
SOMERSET (LGA) ^ * 4 N/A N/A $183,000 -18.5% 33.1%
FERNVALE 2 N/A N/A $140,000 3.9% N/A
LOWOOD * G 1 N/A N/A $125,000 0.0% 58.1%
SOUTH BURNETT (LGA) ~ * 10 N/A N/A $80,000 -9.1% 111.9%
SOUTH BURNETT (LGA) ^ ~ 14 N/A N/A $98,000 -2.0% 78.2%
KINGAROY * 4 N/A N/A $110,000 0.0% 54.6%
SOUTHERN DOWNS (LGA) 14 N/A N/A $90,000 0.1% 53.8%
SOUTHERN DOWNS (LGA) ^ 17 $90,000 N/A $138,500 -7.7% 45.8%
ROSENTHAL HEIGHTS * 0 N/A N/A $91,250 N/A N/A
WARWICK 5 $95,000 N/A $98,250 5.8% 62.1%
TABLELANDS (LGA) ~ 8 N/A N/A $104,250 -9.3% 51.1%
TABLELANDS (LGA) ^ ~ 16 $179,250 6.1% $185,000 1.9% 60.9%
ATHERTON 2 N/A N/A $118,000 -5.6% 47.5%
KURANDA ^ 7 $124,000 N/A $175,000 -11.6% 40.0%
MAREEBA 2 N/A N/A $99,000 4.2% 45.6%
WESTERN DOWNS (LGA) ~ * 7 N/A N/A $120,000 12.1% 118.2%
WESTERN DOWNS (LGA) ^ ~ 13 N/A N/A $99,500 9.3% 197.0%
CHINCHILLA * 2 N/A N/A $115,000 16.8% 93.6%
CHINCHILLA ^ ~ * 1 N/A N/A $140,000 40.0% 74.4%
DALBY ^ * 3 N/A N/A $110,000 2.8% 69.2%
TARA ^ 4 N/A N/A $43,000 6.2% 92.4%
WHITSUNDAY (LGA) 8 N/A N/A $165,000 6.5% 30.7%
WHITSUNDAY (LGA) ^ ~ 1 N/A N/A $240,000 -3.6% 40.1%
BOWEN ~ * 3 N/A N/A $168,250 12.2% 46.3%
CANNONVALE * 2 N/A N/A $139,000 -13.1% -38.2%
3 BEDROOM HOUSES
MEDIAN WEEKLY RENTSSuburbs/Localities
Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de
CASSOWARY COAST REGIONAL $280 107 $265 94
4849 Cardwell/ Hinchinbrook/ etc. $300 11 $230 6
4852 Mission Beach/ Wongaling Beach/ etc. $320 22 $300 14
4854 Bulgun/ Silky Oak/ Tully/ etc. $300 17 $280 9
4856 Goolboo / Silkwood $220 7 n.a. 1
4860 East Innisfail/ Innisfail/ Jubilee Heights/ etc. $260 43 $255 56
CENTRAL HIGHLANDS REGIONAL $410 93 $390 112
4717 Blackwater $700 20 $400 26
4720 Emerald/ Yamala $395 60 $390 74
4722 Buckland/ Springsure/ etc. $260 8 $280 6
GYMPIE REGIONAL $250 205 $250 221
4570 Gympie/ Curra/ Imbil/ Monkland/ Southside/ etc. $250 150 $250 184
4580 Cooloola/ Tin Can Bay $260 37 $245 23
4581 Rainbow Beach/ Inskip $260 6 $300 5
4600-1 Kilkivan region $210 12 $200 9
ISAAC REGIONAL $750 115 $500 145
4721 Belyando/ Clermont/ etc. $375 8 $330 8
4742 Burton/ Nebo/ Oxford/ etc. $400 6 n.a. 3
4744 Moranbah $800 81 $550 110
4745 Dysart $1,200 17 $750 21
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 34
MARKETMONITORQ
UE
EN
SLA
ND
CONTENTSOTHER REGIONAL AREAS
MEDIAN WEEKLY RENTSSuburbs/Localities
Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de
3 BEDROOM HOUSES continued
2 BEDROOM FLATS/UNITS
MEDIAN WEEKLY RENTSSuburbs/Localities
Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de
3 BEDROOM HOUSES continued LOCKYER VALLEY REGIONAL $260 108 $260 113
4341 Hatton Vale/ Laidley/ Regency Downs/ etc. $250 48 $260 49
4342 Forest Hill/ Glenore Grove/ Lockrose/ etc. $280 5 $245 12
4343 Adare/ Gatton/ Woodlands/ etc. $260 50 $260 48
SCENIC RIM REGIONAL $300 123 $310 120
4270 Tamborine $400 7 $360 10
4271 Eagle Heights $325 12 $350 21
4272 Tamborine Mountain $350 14 $380 9
4275 Biddaddaba/ Boyland/ Canungra/ etc. $370 7 $360 9
4285 Beaudesert/ Cedar Vale/ Kooralbyn/ etc. $300 55 $300 43
4309 Aratula/ Kalbar $240 9 n.a. 4
4310 Boonah/ Duganden/ Mt Alford $250 14 $235 18
SOMERSET REGIONAL $270 63 $250 48
4311 Clarendon/ Coominya/ Lowood/ etc. $265 20 $250 16
4312 Esk/ Eskdale/ Caboonbah/ etc. $235 11 $225 10
4313 Toogoolawah/ Cressbrook/ Ottaba/ etc. $200 7 $220 9
4515 Kilcoy/ Glenfern/ Sandy Creek/ etc. $290 25 $280 13
SOUTH BURNETT REGIONAL $230 159 $220 171
4605 Cherbourg/ Murgon/ Oakdale/ etc. $195 18 $180 23
4606 Fairdale/ Greenview/ Wondai/ etc. $210 17 $200 14
4610 Kingaroy/ Memerambi/ Wattle Grove/ etc. $250 68 $245 91
4615 Nanango/ Brooklands/ Tarong/ etc. $220 48 $200 37
SOUTHERN DOWNS REGIONAL $230 149 $230 161
4370 Rosenthal Heights/ Mount Colliery/ Warwick/ etc. $245 84 $240 99
4380 Stanthorpe/ Amiens/ etc. $225 37 $240 36
4381 Glen Aplin $190 5 n.a. 2
TABLELANDS REGIONAL $270 176 $270 137
4872 Dimbulah/ Kairi/ Mt Garnett/ Tinaroo/ Walkamin $260 8 n.a. 4
4880 Mareeba/ Biboohra $275 55 $265 35
4881 Kuranda/ Koah/ Speewah $320 9 $310 7
4882 Tolga $290 9 n.a. 1
4883 Atherton/ Upper Baron $270 50 $275 51
4884 Yungaburra/ Lake Eacham $275 7 $280 14
4885 Malanda/ Tarzali/ Jaggan $270 15 $265 11
4887 Herberton/ Wondecla $250 6 n.a. 2
4888 Ravenshoe/ Evelyn/ Millstream $235 16 $220 12
WESTERN DOWNS REGIONAL $260 138 $270 145
4405 Dalby/ Blaxland/ Tipton etc. $260 82 $275 76
4410 Jandowae $210 5 n.a. 2
4413 Chinchilla/ Hopeland/ Montrose/ etc. $280 34 $270 42
4415 Miles/ Myall Park/ etc. $300 8 $230 7
WHITSUNDAY REGIONAL $330 152 $350 125
Whitsunday Region $345 68 $360 60
4800 Cannon Valley/ Conway/ Proserpine/ etc. $300 28 $300 24
4802 Airlie Beach/ Cannonvale/ Whitsundays/ etc. $365 40 $380 36
Bowen Region $315 84 $340 65
4804 Collinsville $250 20 $350 13
4805 Bowen $320 64 $340 52
BALONNE SHIRE $220 28 $220 20
BANANA SHIRE $260 61 $270 37
BURDEKIN SHIRE $260 53 $230 70
CHARTERS TOWERS REGIONAL $260 48 $235 34
COOK SHIRE $280 41 $275 37
GOONDIWINDI REGIONAL $240 36 $250 29
HINCHINBROOK SHIRE $230 25 $240 36
LONGREACH REGIONAL $250 18 $250 13
MARANOA REGIONAL $330 54 $300 71
MOUNT ISA CITY $470 79 $440 70
MURWEH SHIRE $210 19 $200 8
NORTH BURNETT REGIONAL $200 36 $175 25
CASSOWARY COAST REGIONAL $215 81 $205 79
4849 Cardwell/ Hinchinbrook/ etc. $200 6 $215 8
4852 Mission Beach/ Wongaling Beach/ etc. $265 22 $250 21
4854 Bulgun/ Silky Oak/ Tully/ etc. $240 13 $220 11
4860 East Innisfail/ Innisfail/ Jubilee Heights/ etc. $190 37 $190 36
GYMPIE REGIONAL $190 59 $190 56
4570 Gympie/ Curra/ Imbil/ Monkland/ Southside/ etc. $190 46 $190 33
4580 Cooloola/ Tin Can Bay $195 5 n.a. 2
4581 Rainbow Beach/ Inskip $220 7 $200 18
SOUTH BURNETT REGIONAL $180 65 $180 77
4605 Cherbourg/ Murgon/ Oakdale/ etc. $150 5 n.a. 4
4610 Kingaroy/ Memerambi/ Wattle Grove/ etc. $195 49 $185 58
4615 Nanango/ Brooklands/ Tarong/ etc. $150 8 $150 11
SOUTHERN DOWNS REGIONAL $190 51 $170 62
4370 Rosenthal Heights/ Mount Colliery/ Warwick/ etc. $200 36 $180 37
4380 Stanthorpe/ Amiens/ etc. $165 11 $150 23
TABLELANDS REGIONAL $190 83 $190 76
4880 Mareeba/ Biboohra $190 26 $170 26
4881 Kuranda/ Koah/ Speewah $200 6 n.a. 0
4883 Atherton/ Upper Baron $200 38 $200 39
4885 Malanda/ Tarzali/ Jaggan $165 5 n.a. 2
WESTERN DOWNS REGIONAL $230 53 $195 66
4405 Dalby/ Blaxland/ Tipton etc. $190 31 $195 45
4413 Chinchilla/ Hopeland/ Montrose/ etc. $270 18 $250 12
WHITSUNDAY REGIONAL $250 123 $290 134
Whitsunday Region $250 95 $300 99
4800 Cannon Valley/ Conway/ Proserpine/ etc. $200 18 $230 7
4802 Airlie Beach/ Cannonvale/ Whitsundays/ etc. $280 77 $300 88
Bowen Region $250 28 $230 35
4805 Bowen $250 26 $230 32
BANANA SHIRE $200 20 $210 27
BURDEKIN SHIRE $180 43 $180 50
CENTRAL HIGHLANDS REGIONAL $250 41 $295 40
CHARTERS TOWERS REGIONAL $185 25 $175 18
GOONDIWINDI REGIONAL $170 38 $150 27
HINCHINBROOK SHIRE $178 37 $170 34
ISAAC REGIONAL $250 17 $230 17
Please see page 36 for legend and further notes
LOCAL GOVERNMENT MAR QTR DEC QTR MAR QTR DEC QTRAREA 2011 2010 2011 2010
SOUTH EAST QUEENSLAND
HOUSES UNITS
GROSS RENTAL YIELDS
MAJOR REGIONAL AREAS
OTHER REGIONAL AREAS
LOCAL GOVERNMENT MAR SEPT MARAREA 2011 2010 2010
SOUTH EAST QUEENSLAND
RESIDENTIAL DWELLINGS (AS AT END OF MONTH)
VACANCY RATES
MAJOR REGIONAL AREAS
OTHER REGIONAL AREAS
www.reiq.com.auIssue 10 - March Quarter 2011 page 35
OTHER REGIONAL AREAS
Suburbs/Localities
Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTSSuburbs/Localities
Mar Qtr 2011NewBonds
Mar Qtr 2010Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS
3 BEDROOM TOWNHOUSES LOCKYER VALLEY REGIONAL $225 16 $200 22
MARANOA REGIONAL $220 17 $200 16
MOUNT ISA CITY $320 93 $295 93
SCENIC RIM REGIONAL $200 26 $190 31
WHITSUNDAY REGIONAL $365 29 $400 28
Whitsunday Region $360 26 $375 26
4802 Airlie Beach/ Cannonvale/ Whitsundays/ etc. $370 22 $400 22
Bowen Region n.a. 3 n.a. 2
2 BEDROOM FLATS/UNITS continued
BRISBANE (SD) 2.3% 2.9% 2.7%
BRISBANE CITY 1.8% 2.6% 2.5%
Brisbane Inner (0-5km) 1.6% 2.5% 2.3%
Brisbane Remainder 1.9% 2.6% 2.6%
BRISBANE SURROUNDS 2.7% 3.2% 3.0%
IPSWICH CITY 2.3% 2.3% 2.3%
LOGAN CITY 2.2% 2.3% 2.3%
MORETON BAY REGIONAL 3.6% 3.8% 3.3%
Caboolture * 4.3% 4.9% n/a
Pine Rivers 1.5% 2.5% n/a
Redcliffe 4.6% 2.8% n/a
Redland City 2.4% 3.5% 4.3%
GOLD COAST CITY 3.6% 4.3% 3.9%
SUNSHINE COAST REGIONAL 3.7% 3.4% 3.5%
Caloundra Coast 2.8% 2.5% n/a
Maroochy Coast 3.0% 2.6% n/a
Noosa Coast 4.0% 5.1% n/a
Hinterland 4.9% 4.2% n/a
BUNDABERG REGIONAL 2.5% 2.1% 3.1%
CAIRNS REGIONAL 3.8% 4.4% 5.2%
FRASER COAST REGIONAL * 5.9% 5.4% 6.3%
Hervey Bay 5.1% 5.5% n/a
Maryborough 6.0% 5.2% n/a
GLADSTONE REGIONAL 1.4% 1.4% 4.1%
MACKAY REGIONAL 1.3% 1.3% 3.4%
ROCKHAMPTON REGIONAL 1.8% 2.3% 5.6%
TOOWOOMBA REGIONAL 1.6% 0.9% N/A
TOWNSVILLE CITY 2.0% 3.4% 3.0%
GYMPIE REGIONAL 4.6% 4.4% 3.1%
LOCKYER VALLEY REGIONAL N/A 4.7% 3.3%
TABLELANDS REGIONAL N/A 4.9% 5.6%
WHITSUNDAY REGIONAL * N/A 12.7% N/A
BRISBANE CITY 3.9% 3.8% 4.9% 4.7%
IPSWICH CITY 4.6% 4.7% N/A 4.7%
LOGAN CITY 4.7% 4.6% 5.0% 4.9%
MORETON BAY REGIONAL 4.4% 4.3% 4.4% 4.1%
REDLAND CITY 4.3% 4.0% 4.4% 4.5%
GOLD COAST CITY 4.2% 4.2% 5.1% 4.8%
SUNSHINE COAST REGIONAL 4.3% 4.2% 4.5% 4.4%
BUNDABERG REGIONAL 4.8% 4.8% 4.4% 4.3%
CAIRNS REGIONAL 4.4% 4.3% 5.6% 5.6%
FRASER COAST REGIONAL 4.5% 4.4% 4.0% 4.7%
GLADSTONE REGIONAL 4.5% 4.2% 4.1% 3.6%
MACKAY REGIONAL 5.1% 4.8% 5.4% 5.1%
ROCKHAMPTON REGIONAL 4.8% 5.0% 4.1% 4.0%
TOOWOOMBA REGIONAL 4.8% 4.4% 4.4% 4.5%
TOWNSVILLE CITY 4.8% 4.5% 4.8% 4.6%
BANANA SHIRE 4.4% 5.1% N/A N/A
BURDEKIN SHIRE 5.3% 5.7% N/A N/A
CENTRAL HIGHLANDS REGIONAL 5.8% 5.9% N/A N/A
GYMPIE REGIONAL 5.3% 4.8% N/A N/A
ISAAC REGIONAL 9.3% 7.3% N/A N/A
MARANOA REGIONAL 4.7% 6.3% N/A N/A
MOUNT ISA CITY 6.9% 6.4% N/A N/A
SCENIC RIM REGIONAL 3.9% 4.2% N/A N/A
SOUTH BURNETT REGIONAL 5.4% 6.0% N/A N/A
SOUTHERN DOWNS REGIONAL 4.7% 4.9% N/A N/A
TABLELANDS REGIONAL 4.8% 4.6% N/A N/A
WESTERN DOWNS REGIONAL 4.9% 5.4% N/A N/A
WHITSUNDAY REGIONAL 4.9% 4.6% 4.8% 4.4%
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 36
MARKETMONITORQ
UE
EN
SLA
ND
CONTENTSEXPLANATORY NOTES
SALES DATAMedian Price: The middle sale price when arranged in ascending order, ie where half of the sales recorded were less and half were higher than the median
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 all 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
g Sales volumes and median affected by QLD government acquisitions in the areaG 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 omitted1 Medians affected by varying volumes of sales on the bay islands and mainland2 Paradise Point - excludes Sovereign Island and Ephraim Island sales
PRICE POINT GRAPHSAll 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.
RENTAL DATAAll rental data is collated by postcode. Where no postcode or region is listed, insufficient new bonds were lodged in order to calculate a reliable statistic.
Where there is a relatively small number of bond lodgements median rent values are less reliable and should be used with caution.
n.a. Not Available (the number of new bonds lodged was too small to provide a reliable estimate)Source: Residential Tenancies Authority, Rental Bond lodgements (RTA) www.rta.qld.gov.au
GROSS RENTAL YIELDSHouse yields based upon REIQ median house prices and RTA median weekly rent for 3-bedroom houses
Unit yields based upon REIQ median unit & townhouse prices and RTA median weekly rent for 2-bedroom flats
VACANCY RATES¨Based upon all residential rentals as at the end of the month
* High vacancy rate due to new residential unit releases
n/a Not previously collated
N/A Insufficient sample size reported in order to calculate a reliable statistic
NB Where no region or vacancy rate is listed, insufficient surveys were received in order to calculate a reliable statistic
Source: REIQ Residential Rental Survey
The Real Estate Institute of Queensland Ltd. Copyright © 2011
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Ph: (07) 3249 7347 Fax: (07) 3249 6211 Email: [email protected]
Queensland Market Monitor is published byThe 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.
PUBLISHED: 10 JUNE 2011
Please see page 36 for legend and further notes
www.reiq.com.auIssue 10 - March Quarter 2011 page 37
In order to measure recent performance of the Queensland property market, Queensland Market Monitor records the median sale price by locality and by local government area (LGA) state-wide where sufficient sales numbers are recorded.
Analysts regard the median sale price, defined as “the middle sale taken from all the sales in a locality throughout a specified period” as the most representative figure. Unlike other averages, which can be skewed by very high or very low sales, the median is generally reflective of current market activity.
Quarterly sales figures are generally an indication of the latest sales activity in an area. They reflect the types of properties that have sold over a three-month period and can therefore be quite volatile. Where possible, annotations have been used to explain fluctuations in the sales data (see page 37).
To provide a more macro or historical trend view of a suburb’s and LGA’s market performance, the annual median price is also provided as are percentage changes over the last one and five years.
To ensure this data is as reflective of the overall market as possible, only suburbs that recorded a minimum of 25 sales for houses and unit/townhouses; or 20 sales for acreage and vacant land over the 12 month period are recorded.
On a quarterly basis, a minimum of 10 sales are required for metropolitan Brisbane. In regional areas, where there are generally fewer sales compared with metropolitan volumes, suburbs with a minimum of seven house or unit/townhouse sales or a minimum of five acreage or vacant land sales in a locality are included. A suburb with fewer sales numbers is generally regarded as having a sample size too small to be truly demonstrative.
The REIQ’s research data is based on sales records of the most recent reportable quarter held by the Department of Environment and Resources Management’s Queensland Valuation and Sales database (QVAS). This data is made available to the REIQ through PriceFinder (www.pricefinder.com.au).
As of the June quarter 2011, REIQ sales data reports are run two weeks earlier than previously calculated. After careful analysis, this change in methodology was implemented to improve the timeliness of the REIQ’s sales data release without jeopardising the reliabilty of the figures. Given the slightly smaller sample size, comparisons between the number of sales of previously published quarters should be made with caution.
To ensure like is compared with like the change in median sale prices compares current preliminary estimates with preliminary estimates for the previous period. A percentage change is not available where there is no preliminary estimate available for either reference period.
Another point of difference with REIQ research is our use of contract date figures rather than the ‘settlement date’. In accruing quarterly results, some analysts use the date on which the property settled rather than the date that the parties signed a contract of sale. In Queensland, there could be up to 60 or 90 days between the time a contract of sale is signed (the day on which the parties legally agree on the price the property will sell for) and the day on which the property settles. The REIQ believes that collating quarterly statistics based on settlement date figures does not most accurately reflect the state of the market in any given quarterly period.
For further information on real estate data email REIQ’s research analyst, Yvette Burton [[email protected]].
Real estatetrends inQueensland’stowns & suburbs
RESEARCH METHODOLOGY
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