qmm issue 9 reiq indmbr linda jane debello
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 9
Proud to be a REIQ Individual Member
MARKETMONITORQ
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Linda Jane DebelloLicencee / Director L.J. GILLAND REAL ESTATE
Regional Queensland leads the way
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 2
MARKETMONITORQ
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Contents
DeCeMBeR QUARteR 2010 stAte-WIDe sUMMARY
Contents
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 18 Fraser Coast Regional.......................... page 20 Bundaberg Regional.............................. page 22 Gladstone Regional............................... page 24 Rockhampton Regional......................... page 25 Mackay Regional.................................... page 27 townsville City........................................ page 28 Cairns Regional...................................... page 30 other Regional Areas............................ page 32
Rental Yields................................................... page 36
Explanatory Notes........................................ page 37
Research Methodology............................. page 38
The Real Estate Institute of Queensland Ltd. Copyright © 2011
21 turbo Drive, Coorparoo, Po Box 1555, Coorparoo DC Q 4151
Ph: (07) 3249 7347 Fax: (07) 3249 6211 email: [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: 11 March 2011
2730
2815
2524
3787
3597
3491
2639
2309
2143
260
224
229
JUN 10
SEP 10
DEC 10
QUEENSLAND HOUSE SALES<$350,000 <$500,000 <$1m $1m+
604
623
606
1285
1228
1053
1469
1192
1072
733
638
598
124
121
128
JUN 10
SEP 10
DEC 10
QUEENSLAND UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
1422
1277
1029
281
216
135
97
82
54
43
38
25
9
6
5
JUN 10
SEP 10
DEC 10
QUEENSLAND LAND SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
Median house and unit prices Over the December quarter of 2010 it was Queensland’s major regional centres that posted the best results, especially those regions with an association with the resources sector.
Mackay, Toowoomba, Bundaberg and Townsville all recorded median price growth and healthy sales numbers over the period while the majority of other centres, including South East Queensland, posted steady results.
The results show that prior to the flood and cyclone in the first two months of this year, the Queensland property market was holding its ground amidst difficult economic conditions. Since that time however agents in affected areas have reported weaker activity.
While the focus of the recent natural disasters have been in Brisbane, Ipswich, Toowoomba and Far North Queensland, it is important to remember that the vast majority of homes in these areas were not affected and that the fundamentals that were in play in Queensland at the end of 2010 remain.
Across the State it was the second and third tier of home buyers who remained the predominant buyer type over the December quarter with many taking advantage of market conditions at the end of 2010 to upgrade their homes.
First home buyers have also started to tentatively return to the market after sitting on the sidelines for the majority of last year.
Mackay recorded the top result for median house price growth over the quarter, up 7 per cent to $420,000 on the back of an increase in higher-end sales in the region’s northern beachside suburbs.
According to local agents, sales in the $500,000-plus price bracket had been the most predominant over the December quarter.
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 3
BRIsBAne CItYDeCeMBeR QUARteR 2010 stAte-WIDe sUMMARY
2730
2815
2524
3787
3597
3491
2639
2309
2143
260
224
229
JUN 10
SEP 10
DEC 10
QUEENSLAND HOUSE SALES<$350,000 <$500,000 <$1m $1m+
604
623
606
1285
1228
1053
1469
1192
1072
733
638
598
124
121
128
JUN 10
SEP 10
DEC 10
QUEENSLAND UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
1422
1277
1029
281
216
135
97
82
54
43
38
25
9
6
5
JUN 10
SEP 10
DEC 10
QUEENSLAND LAND SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
2730
2815
2524
3787
3597
3491
2639
2309
2143
260
224
229
JUN 10
SEP 10
DEC 10
QUEENSLAND HOUSE SALES<$350,000 <$500,000 <$1m $1m+
604
623
606
1285
1228
1053
1469
1192
1072
733
638
598
124
121
128
JUN 10
SEP 10
DEC 10
QUEENSLAND UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
1422
1277
1029
281
216
135
97
82
54
43
38
25
9
6
5
JUN 10
SEP 10
DEC 10
QUEENSLAND LAND SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
There were a number of sales to people shifting to Mackay for employment in the mines with the majority of these new residents looking for homes in the middle to upper end of the market.
Buyers have been coming from overseas – particularly South Africa – and from in Brisbane and interstate, who are interested in larger, well-located properties.
The next best performer was Toowoomba with a median house price increase of 6.4 per cent to $307,500, partly due to the strength of the resources sector in the neighbouring Surat Basin, and an increase in the number of $500,000-plus sales to up-grader buyers over the period.
The worst flood-affected properties in Toowoomba itself were mainly located in the commercial precinct, but residents in the region remain traumatised from the flash flood that hit their city.
Given the flooding also affected the mining industry, it is likely that it will take two to three months before that sector’s production levels are back to where they were last year.
The third top performer was Bundaberg, which posted a median house price increased of 4.9 per cent to $285,250 over the quarter.
According to local agents, the region’s popularity with lifestyle buyers is continuing to underpin its performance. Many people continue to migrate to the region - especially from southern states - in search of its lifestyle and agreeable climate, plus Bundaberg, according to one agent, has the “bread and butter property prices of Queensland”.
The top performing region for median unit and townhouse price growth over the quarter was the Redlands, which posted a 7.7 per cent increase to $350,000. This result, however, can mainly be attributed to the sale of stock in a new waterfront development in Cleveland over the period.
Median land prices It was regional Queensland again that saw strong sales activity in the vacant land market, namely Gladstone, Rockhampton, Townsville and Toowoomba – all driven by the resources sector. Increased sales in this market ensures that supply will keep up with demand in these areas, helping to keep a lid on property prices.
In South East Queensland the continued sales in new residential subdivisions helped a number of regions post strong increases in median prices over the quarter. With attractive lifestyle features such as golf or water-frontage, coupled with limited supply of land in SEQ, many of these lots are selling at premium prices. The Gold Coast and Logan City lead the way, posting increases of 20.8 and 12.7 per cent respectively over the December quarter.
Median rents Mackay posted the top median rent increases for both three-bedroom houses and two-bedroom units over the quarter. The median rent for a three-bedroom house increased $20 to $390 per week; while the median rent for a two-bedroom unit was up $15 to $295 per week.
Robust demand for rental properties continues to be recorded in the Mackay region, especially given the influx of new residents for work opportunities in the mines.
Across Queensland, increased demand for rental accommodation in flood affected areasis likely to result in a significant tightening in residential vacancy rates for the March quarter however this is likely to ease in the months ahead.
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 4
MARKETMONITORQ
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ContentsBRIsBAne CItY
141
137
121
881
780
799
1373
1177
1064
141
124
147
JUN 10
SEP 10
DEC 10
BRISBANE CITY HOUSE SALES<$350,000 <$500,000 <$1m $1m+
775
815
718
1111
1009
885
424
328
291
14
16
20
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
20
24
20
417
433
376
364
332
318
54
49
37
JUN 10
SEP 10
DEC 10
GOLD COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
46
68
49
348
322
307
226
189
178
40
26
15
JUN 10
SEP 10
DEC 10
SUNSHINE COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
144
181
154
41
42
39
9
8
9
JUN 10
SEP 10
DEC 10
BUNDABERG HOUSE SALES<$350,000 <$500,000 $500,000+
139
166
148
118
165
139
43
55
55
JUN 10
SEP 10
DEC 10
CAIRNS HOUSE SALES<$350,000 <$500,000 $500,000+
182
156
147
48
51
40
15
9
7
JUN 10
SEP 10
DEC 10
FRASER COAST HOUSE SALES<$350,000 <$500,000 $500,000+
64
44
61
109
90
130
25
27
30
JUN 10
SEP 10
DEC 10
GLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+
159
178
170
198
214
234
55
57
63
JUN 10
SEP 10
DEC 10
TOWNSVILLE HOUSE SALES<$350,000 <$500,000 $500,000+
70
77
53
150
148
164
51
54
59
JUN 10
SEP 10
DEC 10
MACKAY HOUSE SALES<$350,000 <$500,000 $500,000+
128
162
142
62
62
59
25
22
18
JUN 10
SEP 10
DEC 10
ROCKHAMPTON HOUSE SALES<$350,000 <$500,000 $500,000+
272
266
230
88
97
110
13
16
27
JUN 10
SEP 10
DEC 10
TOOWOOMBA HOUSE SALES<$350,000 <$500,000 $500,000+
44
41
34
254
265
260
684
628
511
282
270
239
47
37
46
JUN 10
SEP 10
DEC 10
BRISBANE CITY UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
102
113
98
224
231
172
110
71
79
45
38
31
0
4
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
123
104
116
428
374
291
405
282
269
258
191
178
46
50
61
JUN 10
SEP 10
DEC 10
GOLD COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
45
46
58
139
140
125
146
99
102
87
77
84
19
24
15
JUN 10
SEP 10
DEC 10
SUNSHINE COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
28
20
14
14
12
10
4
6
2
3
3
2
JUN 10
SEP 10
DEC 10
BUNDABERG UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
80
119
124
69
56
46
30
32
24
25
21
25
JUN 10
SEP 10
DEC 10
CAIRNS UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
32
20
16
24
14
8
10
4
2
8
6
1
JUN 10
SEP 10
DEC 10
FRASER COAST UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
9
17
13
9
5
13
14
4
19
5
6
6
JUN 10
SEP 10
DEC 10
GLADSTONE UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
23
22
26
38
31
44
19
21
18
12
11
17
JUN 10
SEP 10
DEC 10
TOWNSVILLE UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
14
20
9
12
26
19
9
9
9
8
7
4
JUN 10
SEP 10
DEC 10
MACKAY UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
16
23
16
12
8
18
10
14
14
4
4
2
JUN 10
SEP 10
DEC 10
ROCKHAMPTON UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
47
45
43
22
26
23
5
7
2
2
2
3
JUN 10
SEP 10
DEC 10
TOOWOOMBA UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
54
38
14
49
54
27
36
34
29
15
15
12
JUN 10
SEP 10
DEC 10
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
417
436
277
96
77
76
27
12
17
3
8
14
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
83
52
20
41
25
11
8
1
7
14
6
16
JUN 10
SEP 10
DEC 10
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
52
39
36
47
18
24
15
18
19
11
9
6
JUN 10
SEP 10
DEC 10
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
44
44
58
4
0
4
0
2
2
JUN 10
SEP 10
DEC 10
BUNDABERG LAND SALES<$250,000 <$350,000 $350,000+
56
53
49
8
6
4
3
8
7
JUN 10
SEP 10
DEC 10
CAIRNS LAND SALES<$250,000 <$350,000 $350,000+
57
53
91
3
3
4
1
0
1
JUN 10
SEP 10
DEC 10
FRASER COAST LAND SALES<$250,000 <$350,000 $350,000+
81
57
122
1
4
9
3
2
2
JUN 10
SEP 10
DEC 10
GLADSTONE LAND SALES<$250,000 <$350,000 $350,000+
58
55
59
12
4
7
5
2
4
JUN 10
SEP 10
DEC 10
TOWNSVILLE LAND SALES<$250,000 <$350,000 $350,000+
81
68
37
2
13
7
4
3
5
JUN 10
SEP 10
DEC 10
MACKAY LAND SALES<$250,000 <$350,000 $350,000+
67
70
89
4
3
4
0
0
2
JUN 10
SEP 10
DEC 10
ROCKHAMPTON LAND SALES<$250,000 <$350,000 $350,000+
54
56
114
7
5
2
2
0
1
JUN 10
SEP 10
DEC 10
TOOWOOMBA LAND SALES<$250,000 <$350,000 $350,000+
Median house and unit prices Prior to the floods in January, Brisbane’s market was holding its ground with a stable volume of sales and solid prices however the impact of the flood may take some months to be fully understood.
Brisbane’s median house price decreased 1.2 per cent to $525,000 over the December quarter.
The prestige market was the top performer for the December quarter with 147 million-plus house sales, up from 124 during the September quarter.
There was a marked softening in prices for prestige properties in 2010 which may have underpinned this increased number of sales as buyers took advantage of any perceived opportunities.
Suburbs to lead the charge by recording seven sales in excess of $1 million included Wooloowin, St Lucia and Clayfield.
While it was the more affordable properties in Wooloowin that stole the limelight during the September quarter, the increase in million-plus sales this quarter resulted in its median being skewed upwards by 92.3 per cent due to this varying quality of stock sold between the two periods.
Since the flood, agents are reporting that sellers of properties in affected areas have mostly withdrawn their properties from the market even if the properties were not directly affected.
As the vast majority of homes in Brisbane were not affected by the floods it is hoped that the fundamentals that were in play at the end of 2010 remain, and that the Brisbane market will begin to turnaround by the second half of this year.
The median unit and townhouse in Brisbane decreased 1.8 per cent to $400,500 over the December quarter. Preliminary sales numbers were down about 15 per cent over the quarter.
Solid performers over the quarter included Bulimba, up 7.7 per cent to $552,250; Chermside, up 8.1 per cent to $415,000; and Spring Hill up 10.9 per cent to $391,063.
Vacant land pricesThe number of vacant land sales continues to ease in the Brisbane City LGA, as the scarcity of land becomes more and more apparent. Only eight suburbs recorded sufficient sales numbers over the 2010 calender year and the city’s median rank’s it as the most expensive in South East Queensland.
Heathwood, located about 20km south of the Brisbane CBD recorded an increase in sales activity due to the sales in the new Stockland estate, Parkwood. Located near Forest Lake, the estate has good access to the Logan Motorway, making an easy commute to the city and Gold Coast.
Sales also continue to tick over in the Urban Land Development Authority’s estate in Fitzgibbon. The estate is on one of a number of government initiatives to provide affordable housing in SEQ, where land prices start from $150,000.
Median rentsThe median rent for a three-bedroom house in Brisbane increased $5 to $380 per week between December 2010 and December 2009. The median rent for a two-bedroom unit is also up $5 to $365 per week over the same period.
Brisbane’s rental market was showing signs of starting to tighten throughout the December quarter. Since the floods, however, demand in affected areas has been particularly acute. Outside of these areas, agents have been reporting that rental stock in still available, albeit at lower numbers given the first two months of the year are historically the busiest time for Brisbane’s rental market.
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 5
BRIsBAne CItY
HOUSES HOUSES continued
Suburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
BRISBANE (SD) 4,045 $450,000 0.6% $459,000 8.0% 45.7%
BRISBANE (SD) ^ 296 $550,000 -6.8% $590,000 7.3% 36.4%
BRISBANE CITY (LGA) 2,131 $525,000 -1.2% $540,000 9.9% 47.9%
BRISBANE CITY (LGA) ^ ~ 41 $875,000 -19.5% $1,100,000 25.6% 52.8%
ACACIA RIDGE 17 $320,000 0.8% $333,500 0.8% 42.8%
ALDERLEY 9 N/A N/A $617,500 2.9% 50.6%
ALGESTER 20 $425,000 6.9% $423,000 6.9% 45.9%
ANNERLEY ~ 15 $619,000 11.6% $600,000 13.3% 54.0%
ASCOT ~ 11 $1,100,000 N/A $1,280,000 30.6% 45.5%
ASHGROVE ~ 31 $735,000 -8.0% $695,000 10.9% 57.6%
ASPLEY 30 $462,500 0.3% $465,000 0.4% 38.8%
AUCHENFLOWER 7 N/A N/A $754,750 -1.5% 39.8%
BALD HILLS 20 $399,500 1.1% $390,000 -2.7% 46.5%
BALMORAL 8 N/A N/A $800,000 13.9% 65.6%
BANYO 15 $431,000 4.5% $430,000 7.5% 55.0%
BARDON ~ 21 $772,000 10.3% $773,500 11.1% 55.0%
BELLBOWRIE ~ 11 $457,500 -13.4% $472,500 3.8% 38.6%
BELMONT 4 N/A N/A $610,000 8.0% 60.5%
BOONDALL 26 $422,500 0.7% $425,000 2.4% 35.9%
BRACKEN RIDGE 30 $380,500 -7.2% $418,000 2.0% 36.2%
BRIDGEMAN DOWNS 11 $687,000 2.2% $665,250 -1.4% 27.9%
BRIGHTON 25 $396,000 -0.5% $410,000 5.1% 43.9%
BULIMBA ~ 10 $997,250 14.6% $875,000 6.4% 26.8%
CALAMVALE ~ 30 $488,950 -10.3% $520,000 7.2% 43.6%
CAMP HILL ~ 30 $682,500 -3.6% $670,000 16.5% 54.0%
CANNON HILL ~ 10 $495,000 -13.5% $570,000 14.0% 51.2%
CARINA 16 $510,000 -4.7% $520,000 9.5% 48.6%
CARINA HEIGHTS 8 N/A N/A $518,500 3.8% 44.4%
CARINDALE 36 $679,250 2.0% $697,500 7.3% 39.7%
CARSELDINE 15 $510,000 N/A $540,500 12.3% 48.1%
CHAPEL HILL 19 $690,000 6.2% $680,000 9.7% 49.4%
CHELMER 8 N/A N/A $830,000 -3.5% 51.3%
CHERMSIDE 11 $420,000 N/A $465,000 3.7% 42.4%
CHERMSIDE WEST 15 $465,000 -4.1% $465,000 6.4% 47.6%
CLAYFIELD ~ 17 $900,000 12.5% $935,000 12.7% 50.8%
COOPERS PLAINS 9 N/A N/A $440,500 7.4% 61.7%
COORPAROO 26 $675,500 9.0% $670,000 9.4% 46.0%
CORINDA 11 $525,000 N/A $590,000 0.0% 48.6%
DARRA 5 N/A N/A $355,000 2.2% 47.9%
DEAGON 2 N/A N/A $430,000 13.2% 56.9%
DOOLANDELLA * 14 $455,000 N/A $431,000 20.6% 64.8%
DREWVALE 4 N/A N/A $487,500 6.8% 39.3%
DURACK 7 N/A N/A $374,500 9.8% 49.8%
EAST BRISBANE 13 $620,000 -3.9% $690,000 10.0% 56.8%
EIGHT MILE PLAINS 21 $550,000 5.7% $610,000 6.5% 48.8%
ENOGGERA ~ * 15 $595,000 -5.6% $586,000 14.3% 53.8%
EVERTON PARK ~ 18 $523,500 16.6% $502,000 11.6% 51.9%
FAIRFIELD 6 N/A N/A $585,000 0.0% 46.3%
FERNY GROVE ~ 13 $449,000 -7.4% $500,000 4.2% 37.9%
FIG TREE POCKET 7 N/A N/A $785,000 3.3% 68.8%
FITZGIBBON 4 N/A N/A $427,000 2.9% 44.7%
FOREST LAKE 83 $387,000 1.8% $400,000 5.3% 42.9%
GAYTHORNE 4 N/A N/A $515,000 -4.3% 41.1%
GEEBUNG ~ 10 $416,750 -9.2% $455,000 7.1% 54.2%
GORDON PARK 3 N/A N/A $585,000 2.6% 32.1%
GRACEVILLE ~ 21 $720,000 15.0% $719,000 15.0% 53.0%
GRANGE 17 $730,000 N/A $650,000 -5.8% 50.3%
GREENSLOPES ~ 14 $550,000 -7.0% $591,000 7.5% 43.7%
HAMILTON ~ 6 N/A N/A $1,190,000 16.1% 55.6%
HAWTHORNE ~ 13 $759,000 -7.4% $837,000 14.3% 40.1%
HEMMANT 10 $408,750 N/A $430,000 3.3% 43.8%
HENDRA ~ * 11 $920,000 6.5% $800,000 9.4% 69.4%
HERSTON 4 N/A N/A $675,000 N/A 48.4%
HIGHGATE HILL 7 N/A N/A $813,500 13.2% 39.7%
HOLLAND PARK 26 $525,250 1.0% $547,500 10.6% 52.1%
HOLLAND PARK WEST ~ 18 $522,500 -6.7% $550,000 6.1% 57.6%
INALA 30 $298,000 -2.0% $295,000 1.4% 55.3%
INDOOROOPILLY ~ 18 $802,500 33.8% $715,000 12.2% 37.5%
JAMBOREE HEIGHTS 9 N/A N/A $432,000 1.9% 46.2%
JINDALEE 12 $487,000 0.6% $500,000 10.0% 48.8%
KEDRON 22 $526,250 -3.6% $548,175 14.2% 58.7%
KELVIN GROVE 5 N/A N/A $633,500 3.9% 42.0%
KENMORE ~ 29 $510,000 -9.7% $560,000 11.4% 45.5%
KEPERRA 15 $430,000 -4.7% $437,000 2.8% 50.7%
KURABY 16 $539,000 N/A $536,000 8.3% 38.3%
LOTA 6 N/A N/A $472,000 1.9% 30.7%
MACGREGOR 9 N/A N/A $540,000 9.5% 41.2%
MACKENZIE 6 N/A N/A $623,500 N/A 31.3%
MANLY ~ 12 $500,000 N/A $700,000 19.7% 49.6%
MANLY WEST ~ 18 $557,500 15.7% $500,000 5.3% 40.8%
MANSFIELD 18 $514,500 2.9% $510,000 9.1% 52.2%
MCDOWALL ~ 13 $525,000 -13.2% $576,250 10.6% 41.8%
MIDDLE PARK 5 N/A N/A $540,000 9.8% 44.4%
MITCHELTON ~ 20 $515,000 -5.5% $542,000 9.8% 67.8%
MOGGILL 5 N/A N/A $483,500 3.2% 30.7%
MOOROOKA 34 $487,500 -0.1% $500,000 7.7% 47.1%
MORNINGSIDE ~ 22 $540,000 -12.7% $619,000 13.9% 58.7%
MOUNT CROSBY ^ 6 N/A N/A $570,000 6.5% 48.1%
MOUNT GRAVATT 7 N/A N/A $492,000 2.5% 52.6%
MOUNT GRAVATT EAST 29 $465,000 -2.1% $485,000 8.5% 44.3%
MURARRIE 9 N/A N/A $495,000 8.3% 48.9%
NEW FARM 5 N/A N/A $1,025,000 13.9% 28.1%
NEWMARKET 9 N/A N/A $715,000 13.0% 67.3%
NORMAN PARK ~ 13 $750,000 9.5% $697,500 8.6% 59.9%
NORTHGATE 6 N/A N/A $462,500 -11.1% 33.1%
NUDGEE 8 N/A N/A $475,000 1.1% 58.3%
NUNDAH ~ 15 $555,000 -7.5% $585,000 8.3% 58.1%
OXLEY 17 $454,000 6.8% $452,000 6.4% 52.7%
PADDINGTON ~ 19 $700,000 -18.1% $810,000 16.5% 58.2%
PARKINSON ~ 34 $510,253 2.1% $527,000 8.2% 40.5%
PULLENVALE ^ ~ 5 N/A N/A $1,112,500 21.1% 43.5%
RED HILL 12 $728,000 8.6% $683,500 0.5% 36.7%
RIVERHILLS 10 $457,500 8.9% $439,500 5.9% 48.4%
ROBERTSON 7 N/A N/A $685,000 9.6% 34.5%
ROCKLEA 6 N/A N/A $360,000 -2.2% 57.2%
RUNCORN 26 $439,500 4.3% $435,000 3.6% 47.5%
SALISBURY 11 $453,000 0.7% $455,000 5.8% 46.8%
SANDGATE 11 $514,000 N/A $522,000 4.4% 39.6%
SEVEN HILLS 1 N/A N/A $610,000 5.2% 52.0%
SEVENTEEN MILE ROCKS ~ 8 N/A N/A $550,750 16.7% 43.2%
SHERWOOD 9 N/A N/A $734,000 12.9% 59.6%
SHORNCLIFFE 8 N/A N/A $650,000 0.0% 61.5%
SINNAMON PARK 9 N/A N/A $621,000 8.0% 55.3%
SPRING HILL 2 N/A N/A $812,500 N/A 49.1%
ST LUCIA ~ 10 $1,047,500 21.1% $1,067,500 22.0% 58.6%
STAFFORD ~ 15 $489,000 -11.1% $489,000 8.2% 60.3%
STAFFORD HEIGHTS 14 $442,500 -4.8% $466,500 3.9% 45.8%
STRETTON 8 N/A N/A $627,500 -4.2% 33.5%
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 6
MARKETMONITORQ
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ContentsBRIsBAne CItY
UNITS & TOWNHOUSES
HOUSES continued UNITS & TOWNHOUSES continued
Suburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
SUNNYBANK 17 $566,000 4.8% $530,000 4.7% 39.8%
SUNNYBANK HILLS 40 $490,750 1.2% $500,000 11.1% 47.8%
TAIGUM 9 N/A N/A $453,000 5.3% 38.1%
TARINGA ~ 12 $567,500 -16.5% $750,000 7.0% 38.1%
TARRAGINDI ~ 23 $550,000 -8.6% $589,000 10.1% 55.0%
THE GAP ~ 37 $510,000 -8.9% $560,000 8.0% 45.4%
TINGALPA 26 $430,000 4.1% $432,000 0.9% 45.0%
TOOWONG 17 $700,000 N/A $712,500 13.1% 51.6%
UPPER KEDRON 9 N/A N/A $540,000 0.9% 31.0%
UPPER MOUNT GRAVATT ~ 21 $436,000 -6.6% $467,000 3.8% 50.6%
VIRGINIA 9 N/A N/A $452,500 6.5% 47.2%
WAKERLEY 28 $614,000 4.1% $630,000 8.6% 42.6%
WAVELL HEIGHTS 39 $540,000 -2.2% $540,000 10.2% 56.5%
WEST END 5 N/A N/A $810,000 11.7% 66.2%
WESTLAKE ~ 14 $635,000 -7.6% $630,500 9.7% 46.6%
WILSTON 5 N/A N/A $862,500 12.0% 55.0%
WINDSOR ~ 15 $735,000 26.7% $686,500 14.4% 74.0%
WISHART ~ 10 $492,500 -15.4% $559,000 12.9% 51.1%
WOOLLOONGABBA ~ 8 N/A N/A $669,000 20.5% 76.5%
WOOLOOWIN ~ 13 $1,150,000 92.3% $725,000 16.0% 60.8%
WYNNUM 42 $502,500 0.2% $531,000 11.8% 44.5%
WYNNUM WEST 26 $427,750 -3.9% $440,000 0.0% 40.8%
YERONGA 13 $670,000 N/A $665,000 -2.9% 35.6%
ZILLMERE 17 $384,000 -4.5% $404,000 6.9% 60.3%
BRISBANE (SD) 1,474 $380,000 1.3% $379,950 5.0% 41.2%
BRISBANE CITY (LGA) 1,090 $400,500 -1.8% $407,000 5.3% 38.3%
ALBION 1 N/A N/A $416,000 5.3% 37.3%
ALDERLEY * 10 $342,500 N/A $357,000 -2.9% 38.8%
ALGESTER * 5 N/A N/A $347,000 8.4% 24.4%
ANNERLEY ~ * 20 $377,500 -8.4% $368,000 2.2% 57.6%
ASCOT ~ 11 $438,000 11.9% $403,000 4.0% 34.1%
ASHGROVE 8 N/A N/A $395,000 -0.4% 31.0%
ASPLEY 9 N/A N/A $375,000 4.2% 45.5%
AUCHENFLOWER 18 $447,500 4.1% $430,000 0.0% 22.7%
BALMORAL ~ 3 N/A N/A $499,999 17.6% 60.0%
BARDON * 6 N/A N/A $622,500 17.4% 76.1%
BOWEN HILLS 9 N/A N/A $420,000 0.4% 25.4%
BRACKEN RIDGE * 13 $357,000 0.0% $355,000 1.5% N/A
BRIDGEMAN DOWNS * 1 N/A N/A $369,750 N/A N/A
BRISBANE CITY * f 76 $485,000 -4.9% $460,000 8.6% 19.5%
BULIMBA * 14 $552,250 7.7% $509,500 0.3% 29.0%
CALAMVALE 11 $335,000 -3.5% $355,000 1.4% 67.5%
CARINA 7 N/A N/A $430,000 3.6% 30.3%
CARINA HEIGHTS 7 N/A N/A $462,500 3.4% 54.7%
CARINDALE ~ * 6 N/A N/A $506,500 -1.7% N/A
CAROLE PARK * 3 N/A N/A $330,000 N/A N/A
CHERMSIDE 17 $415,000 8.1% $426,250 4.6% 45.0%
CLAYFIELD 25 $338,500 -4.6% $360,000 0.6% 45.5%
COORPAROO ~ 30 $365,500 -5.1% $380,000 4.9% 54.8%
CORINDA * f 3 N/A N/A $419,500 2.3% 80.8%
DOOLANDELLA * 1 N/A N/A $336,500 N/A N/A
EAST BRISBANE * 9 N/A N/A $440,000 12.1% 61.4%
EIGHT MILE PLAINS 7 N/A N/A $377,000 2.3% 53.9%
ENOGGERA 5 N/A N/A $398,000 1.8% N/A
EVERTON PARK * 9 N/A N/A $395,000 12.1% 58.0%
FORTITUDE VALLEY ~ 33 $375,500 -4.9% $400,000 -0.6% 22.1%
GAYTHORNE * 8 N/A N/A $380,000 11.1% 65.8%
GORDON PARK 6 N/A N/A $354,000 3.0% 50.6%
GREENSLOPES 14 $351,000 -2.5% $370,000 1.4% 38.3%
HAMILTON ~ * f 14 $444,250 1.0% $500,000 19.2% 30.6%
HAWTHORNE 7 N/A N/A $425,250 0.2% 35.4%
HIGHGATE HILL 10 $412,500 N/A $456,000 10.9% 47.1%
HOLLAND PARK WEST ~ * 4 N/A N/A $359,000 N/A 41.6%
INDOOROOPILLY 15 $460,000 2.4% $465,000 6.9% 40.1%
KANGAROO POINT * f 32 $408,000 -25.8% $505,000 12.2% 36.5%
KEDRON 9 N/A N/A $340,750 5.7% 40.2%
KELVIN GROVE * 8 N/A N/A $415,000 -2.4% 33.9%
LUTWYCHE 6 N/A N/A $390,000 10.6% 56.0%
MOOROOKA * 11 $364,000 -13.3% $420,000 27.3% 78.7%
MORNINGSIDE ~ * 27 $432,500 -0.3% $450,000 7.4% 46.3%
MOUNT GRAVATT EAST 6 N/A N/A $384,250 7.6% 34.8%
NEW FARM ~ f * 48 $531,500 4.2% $525,000 14.1% 34.6%
NEWMARKET 3 N/A N/A $427,000 2.6% 40.7%
NEWSTEAD 4 f 7 N/A N/A $505,000 -1.9% 26.3%
NORMAN PARK 6 N/A N/A $478,000 2.1% N/A
NORTHGATE * 12 $386,250 12.0% $360,000 -12.2% 60.4%
NUNDAH * 23 $360,000 5.9% $369,000 -11.1% 53.8%
PADDINGTON ~ 13 $407,500 N/A $420,000 -5.4% 35.5%
RICHLANDS * 2 N/A N/A $342,000 N/A N/A
RUNCORN 15 $328,000 0.9% $334,000 0.6% 45.2%
SHERWOOD * 7 N/A N/A $416,000 -2.7% 21.6%
SOUTH BRISBANE f 18 $472,500 2.3% $445,000 11.5% 18.7%
SPRING HILL ~ 32 $391,063 10.9% $390,000 0.0% 43.7%
ST LUCIA ~ * 26 $447,065 5.2% $440,000 -1.9% 41.9%
STAFFORD * 7 N/A N/A $398,000 10.8% N/A
SUNNYBANK HILLS 6 N/A N/A $370,500 5.1% 62.0%
TAIGUM 13 $345,000 -2.0% $350,750 1.8% 17.9%
TARINGA 20 $427,500 -2.8% $426,750 6.8% 47.2%
TENERIFFE * f 23 $540,000 -7.3% $550,000 3.4% 44.0%
TINGALPA 6 N/A N/A $355,000 3.0% 54.7%
TOOWONG 23 $407,000 -4.3% $435,500 4.9% 52.8%
UPPER MOUNT GRAVATT 4 N/A N/A $392,000 4.1% 51.9%
WAKERLEY * 10 $415,500 N/A $425,000 N/A N/A
WEST END * 18 $520,000 -3.0% $530,000 4.1% 43.2%
WILSTON ~ 4 N/A N/A $436,500 12.8% 57.9%
WINDSOR 4 N/A N/A $366,000 4.9% 40.8%
WISHART 6 N/A N/A $361,000 2.4% 21.1%
WOOLLOONGABBA * 12 $402,500 -6.9% $416,500 -0.8% 41.2%
WOOLOOWIN 6 N/A N/A $350,000 3.2% 50.9%
WYNNUM 4 N/A N/A $390,000 8.3% 30.4%
WYNNUM WEST 5 N/A N/A $338,000 7.3% 56.1%
YERONGA 11 $420,000 -3.8% $420,000 6.3% 44.8%
ZILLMERE 8 N/A N/A $370,000 5.9% 75.8%
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 7
BRIsBAne CItY
VACANT URBAN LAND 3 BEDROOM HOUSES continued
Suburbs/Localities
Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTSSuburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
MEDIAN SALES DATA
3 BEDROOM HOUSES
Suburbs/Localities
Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS
2 BEDROOM FLATS/UNITS
BRISBANE (SD) 414 $209,750 4.9% $205,000 -4.7% 20.6%
BRISBANE (SD) ^ 52 $362,750 23.0% $310,000 5.1% 34.8%
BRISBANE CITY (LGA) * 74 $332,500 5.6% $312,000 11.4% 41.8%
BRISBANE CITY (LGA) ^ ~ 8 N/A N/A $661,250 43.8% -21.3%
CALAMVALE * 7 $320,000 -6.4% $345,000 17.7% 60.5%
DOOLANDELLA ~ * 7 $245,000 5.6% $232,500 4.7% N/A
DURACK * 0 N/A N/A $210,000 N/A N/A
EIGHT MILE PLAINS * 2 N/A N/A $356,000 13.0% 24.9%
FITZGIBBON * G 8 $235,950 0.4% $224,950 N/A N/A
HEATHWOOD * 11 $275,000 N/A $239,000 0.4% 50.3%
UPPER KEDRON * 1 N/A N/A $295,000 N/A 31.1%
WAKERLEY * 4 N/A N/A $346,250 23.7% 38.5%
BRISBANE CITY COUNCIL AREA $380 2,787 $370 2,792
Bayside $370 151 $360 145
4178 Lytton/ Wynnum/ Wynnum West $370 90 $360 90
4179 Lota/ Manly/ Manly West $375 61 $380 55
City Inner $470 234 $445 215
4000 Brisbane City/ Spring Hill $495 24 $500 14
4005 New Farm $540 17 $525 19
4006 Bowen Hills/ Fortitude Valley/ Herston/ Newstead $470 9 $450 10
4064 Milton/ Paddington $450 45 $450 36
4066 Auchenflower/ Toowong $460 39 $400 35
4067 St Lucia $465 10 n.a. 4
4101 Highgate Hill/ South Brisbane/ West End $500 35 $450 37
4102 Buranda/ Dutton Park/ Wooloongabba $420 24 $380 32
4169 East Brisbane/ Kangaroo Point $440 31 $450 28
North - Inner $400 323 $400 295
4007 Ascot/ Hamilton $510 25 $465 20
4010 Albion $420 15 $400 9
4011 Clayfield/ Hendra $450 37 $470 38
4012 Nundah/ Toombul/ Wavell Heights $380 77 $380 75
4030 Lutwyche/ Windsor/ Wooloowin $450 42 $400 57
4031 Gordon Park/ Kedron $380 53 $390 33
4051 Alderley/ Enogerra/ Newmarket/ Wilston/ etc. $395 72 $395 62
North - Outer $360 350 $350 357
4013 Northgate $340 21 $350 18
4014 Banyo/ Nudgee/ Virginia $360 35 $350 35
4017 Bracken Ridge/ Brighton/ Deagon/ Sandgate/ etc. $360 99 $350 105
4018 Fitzgibbon/ Taigum $370 19 $360 17
4032 Chermside/ Chermside West $360 49 $360 57
4034 Aspley/ Boondall/ Carseldine/ Geebung/ Zillmere $350 105 $350 107
4036 Bald Hills $350 22 $350 18
North West - Inner $460 85 $420 92
4059 Kelvin Grove/ Red Hill $460 39 $450 36
4060 Ashgrove $430 23 $395 30
4065 Bardon $460 23 $390 26
North West - Outer $360 229 $365 218
4053 Everton Park/ McDowall/ Mitchelton/ Stafford/ etc. $360 148 $360 128
4054 Arana Hills/ Keperra $360 52 $360 44
4061 The Gap $400 29 $390 46
South - Inner $380 335 $375 368
4103 Annerley/ Fairfield $400 40 $400 39
4104 Yeronga $420 16 $420 16
4105 Moorooka/ Tennyson/ Yeerongpilly $360 37 $375 48
4120 Greenslopes $400 24 $400 32
4121 Holland Park/ Holland Park West/ Tarragindi $380 73 $380 84
4122 Mansfield/ Mt Gravatt/ Wishart/ etc. $370 145 $360 149
South - Outer $350 307 $350 267
4106 Rocklea $350 13 $350 9
4107 Salisbury $360 23 $350 25
4108 Archerfield/ Coopers Plains $330 19 $350 19
4109 Macgregor/ Robertson/ Sunnybank/ etc. $360 93 $350 90
4110 Acacia Ridge/ Willawong $320 42 $330 23
4112 Kuraby $320 20 $350 8
4113 Eight Mile Plains/ Runcorn $350 68 $360 57
4115 Algester/ Parkinson $360 13 $355 17
4116 Calamvale/ Drewvale/ Stretton $370 16 $370 19
South East - Inner $420 293 $400 332
4151 Coorparoo $425 46 $395 33
4152 Camp Hill/ Carina/ Carina Heights/ Carindale $400 108 $380 144
4170 Cannon Hill/ Morningside/ Norman Park/ etc. $420 94 $420 99
4171 Balmoral/ Bulimba/ Hawthorne $470 34 $440 39
4172 Murarrie $400 11 $380 17
South East - Outer $395 49 $375 48
4153 Belmont $395 9 $365 8
4154 Gumdale/ Ransome/ Wakerley $450 10 $440 5
4173 Tingalpa $365 17 $370 26
4174 Hemmant $355 10 $330 6
South West - Inner $400 106 $380 138
4068 Chelmer/ Indooroopilly/ Taringa $430 37 $395 60
4075 Corinda/ Graceville/ Oxley/ Sherwood $390 69 $370 78
South West - Outer $345 325 $330 317
4069 Brookfield/ Chapel Hill/ Fig Tree Pocket/ etc. $410 50 $395 42
4070 Anstead/ Bellbowrie/ Moggill $310 6 $350 10
4073 Seventeen Mile Rocks/ Sinnamon Park $390 15 $380 12
4074 Jindalee/ Mt Ommaney/ Sumner/ Westlake/ etc. $360 67 $360 62
4076 Darra/ Wacol $325 19 $300 24
4077 Doolandella/ Durack/ Inala/ Richlands $300 65 $290 65
4078 Ellen Grove/ Forest Lake $335 103 $330 102
BRISBANE CITY COUNCIL AREA $365 3,824 $355 3,550
Bayside $300 52 $300 50
4178 Lytton/ Wynnum/ Wynnum West $305 39 $305 35
4179 Lota/ Manly/ Manly West $300 13 $265 15
City Inner $450 1,603 $440 1,529
4000 Brisbane City/ Spring Hill $575 322 $540 297
4005 New Farm $440 254 $410 183
4006 Bowen Hills/ Fortitude Valley/ Herston/ Newstead $455 250 $445 286
4064 Milton/ Paddington $380 49 $360 62
4066 Auchenflower/ Toowong $360 182 $365 176
4067 St Lucia $380 77 $370 73
4101 Highgate Hill/ South Brisbane/ West End $470 254 $450 237
4102 Buranda/ Dutton Park/ Wooloongabba $380 29 $400 39
4169 East Brisbane/ Kangaroo Point $435 186 $425 176
North - Inner $325 772 $320 649
4007 Ascot/ Hamilton $350 106 $330 122
4010 Albion $350 31 $355 21
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 8
MARKETMONITORQ
UE
EN
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ContentsBRIsBAne CItY
Suburbs/Localities
Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTSSuburbs/Localities
Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)Po
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de
MEDIAN WEEKLY RENTS
2 BEDROOM FLATS/UNITS continued 3 BEDROOM TOWNHOUSES continued
3 BEDROOM TOWNHOUSES
4011 Clayfield/ Hendra $325 161 $320 115
4012 Nundah/ Toombul/ Wavell Heights $335 140 $325 122
4030 Lutwyche/ Windsor/ Wooloowin $310 118 $295 104
4031 Gordon Park/ Kedron $315 80 $305 57
4051 Alderley/ Enogerra/ Newmarket/ Wilston/ etc. $320 136 $330 108
North - Outer $325 234 $310 175
4013 Northgate $300 25 $270 17
4014 Banyo/ Nudgee/ Virginia $320 10 $260 6
4017 Bracken Ridge/ Brighton/ Deagon/ Sandgate/ etc. $315 27 $300 17
4018 Fitzgibbon/ Taigum $310 11 $300 6
4032 Chermside/ Chermside West $350 106 $310 90
4034 Aspley/ Boondall/ Carseldine/ Geebung/ Zillmere $330 54 $300 39
North West - Inner $350 99 $340 125
4059 Kelvin Grove/ Red Hill $350 58 $335 83
4060 Ashgrove $350 38 $350 36
North West - Outer $310 61 $300 45
4053 Everton Park/ McDowall/ Mitchelton/ Stafford/ etc. $310 60 $310 42
South - Inner $320 400 $310 379
4103 Annerley/ Fairfield $310 95 $310 100
4104 Yeronga $310 36 $320 35
4105 Moorooka/ Tennyson/ Yeerongpilly $320 57 $290 48
4111 Nathan $265 5 $230 7
4120 Greenslopes $320 94 $310 93
4121 Holland Park/ Holland Park West/ Tarragindi $330 32 $300 32
4122 Mansfield/ Mt Gravatt/ Wishart/ etc. $340 81 $360 64
South - Outer $300 40 $300 45
4109 Macgregor/ Robertson/ Sunnybank/ etc. $375 23 $385 23
South East - Inner $340 326 $330 332
4151 Coorparoo $330 142 $310 134
4152 Camp Hill/ Carina/ Carina Heights/ Carindale $340 35 $340 31
4170 Cannon Hill/ Morningside/ Norman Park/ etc. $350 78 $345 86
4171 Balmoral/ Bulimba/ Hawthorne $395 71 $375 81
South East - Outer $300 11 $285 8
4173 Tingalpa $290 9 $285 7
South West - Inner $360 197 $350 196
4068 Chelmer/ Indooroopilly/ Taringa $365 159 $360 145
4075 Corinda/ Graceville/ Oxley/ Sherwood $320 38 $300 51
South West - Outer $250 29 $325 17
4076 Darra/ Wacol $153 14 n.a. 1
4078 Ellen Grove/ Forest Lake $330 8 $330 9
BRISBANE CITY COUNCIL AREA $385 1,376 $380 1,256
Bayside $370 66 $365 77
4178 Lytton/ Wynnum/ Wynnum West $370 39 $360 35
4179 Lota/ Manly/ Manly West $370 27 $375 42
City Inner $550 50 $500 30
4005 New Farm $620 8 n.a. 4
4006 Bowen Hills/ Fortitude Valley/ Herston/ Newstead $420 5 n.a. 4
4066 Auchenflower/ Toowong $500 7 n.a. 4
4067 St Lucia $500 7 n.a. 1
4101 Highgate Hill/ South Brisbane/ West End $585 10 $495 5
4169 East Brisbane/ Kangaroo Point $550 7 $450 5
North - Inner $450 110 $415 108
4007 Ascot/ Hamilton $575 15 $450 6
4011 Clayfield/ Hendra $510 13 $515 9
4012 Nundah/ Toombul/ Wavell Heights $430 22 $385 14
4030 Lutwyche/ Windsor/ Wooloowin $430 18 $415 16
4031 Gordon Park/ Kedron $385 16 $390 20
4051 Alderley/ Enogerra/ Newmarket/ Wilston/ etc. $450 23 $415 43
North - Outer $360 178 $360 122
4013 Northgate $420 9 $420 8
4017 Bracken Ridge/ Brighton/ Deagon/ Sandgate/ etc. $350 72 $355 19
4018 Fitzgibbon/ Taigum $360 23 $335 14
4032 Chermside/ Chermside West $400 27 $410 23
4034 Aspley/ Boondall/ Carseldine/ Geebung/ Zillmere $360 47 $360 57
North West - Inner $490 11 $430 10
North West - Outer $395 59 $390 39
4053 Everton Park/ McDowall/ Mitchelton/ Stafford/ etc. $400 48 $390 32
4054 Arana Hills/ Keperra $355 8 n.a. 2
South - Inner $400 135 $385 123
4103 Annerley/ Fairfield $445 25 $450 15
4104 Yeronga $440 14 $420 13
4105 Moorooka/ Tennyson/ Yeerongpilly $395 23 $370 16
4120 Greenslopes $485 15 $380 6
4121 Holland Park/ Holland Park West/ Tarragindi $380 8 $390 12
4122 Mansfield/ Mt Gravatt/ Wishart/ etc. $390 50 $385 61
South - Outer $370 326 $375 360
4107 Salisbury $470 8 $465 7
4109 Macgregor/ Robertson/ Sunnybank/ etc. $390 53 $380 41
4110 Acacia Ridge/ Willawong $320 8 n.a. 3
4112 Kuraby $350 15 $350 18
4113 Eight Mile Plains/ Runcorn $380 139 $375 186
4115 Algester/ Parkinson $350 45 $350 33
4116 Calamvale/ Drewvale/ Stretton $365 58 $360 72
South East - Inner $420 193 $400 177
4151 Coorparoo $460 11 $435 10
4152 Camp Hill/ Carina/ Carina Heights/ Carindale $400 105 $390 91
4170 Cannon Hill/ Morningside/ Norman Park/ etc. $425 51 $435 49
4171 Balmoral/ Bulimba/ Hawthorne $520 14 $445 17
4172 Murarrie $490 12 $465 10
South East - Outer $385 58 $380 40
4153 Belmont $410 6 $400 9
4154 Gumdale/ Ransome/ Wakerley $390 35 $415 13
4173 Tingalpa $365 16 $365 15
South West - Inner $390 65 $360 104
4068 Chelmer/ Indooroopilly/ Taringa $490 23 $450 17
4075 Corinda/ Graceville/ Oxley/ Sherwood $380 42 $360 87
South West - Outer $350 125 $350 66
4069 Brookfield/ Chapel Hill/ Fig Tree Pocket/ etc. $410 5 n.a. 2
4073 Seventeen Mile Rocks/ Sinnamon Park $390 20 $380 20
4074 Jindalee/ Mt Ommaney/ Sumner/ Westlake/ etc. $450 23 $370 14
4077 Doolandella/ Durack/ Inala/ Richlands $345 38 $335 8
4078 Ellen Grove/ Forest Lake $325 35 $340 18
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 9
BRIsBAne sURRoUnDs
141
137
121
881
780
799
1373
1177
1064
141
124
147
JUN 10
SEP 10
DEC 10
BRISBANE CITY HOUSE SALES<$350,000 <$500,000 <$1m $1m+
775
815
718
1111
1009
885
424
328
291
14
16
20
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
20
24
20
417
433
376
364
332
318
54
49
37
JUN 10
SEP 10
DEC 10
GOLD COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
46
68
49
348
322
307
226
189
178
40
26
15
JUN 10
SEP 10
DEC 10
SUNSHINE COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
144
181
154
41
42
39
9
8
9
JUN 10
SEP 10
DEC 10
BUNDABERG HOUSE SALES<$350,000 <$500,000 $500,000+
139
166
148
118
165
139
43
55
55
JUN 10
SEP 10
DEC 10
CAIRNS HOUSE SALES<$350,000 <$500,000 $500,000+
182
156
147
48
51
40
15
9
7
JUN 10
SEP 10
DEC 10
FRASER COAST HOUSE SALES<$350,000 <$500,000 $500,000+
64
44
61
109
90
130
25
27
30
JUN 10
SEP 10
DEC 10
GLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+
159
178
170
198
214
234
55
57
63
JUN 10
SEP 10
DEC 10
TOWNSVILLE HOUSE SALES<$350,000 <$500,000 $500,000+
70
77
53
150
148
164
51
54
59
JUN 10
SEP 10
DEC 10
MACKAY HOUSE SALES<$350,000 <$500,000 $500,000+
128
162
142
62
62
59
25
22
18
JUN 10
SEP 10
DEC 10
ROCKHAMPTON HOUSE SALES<$350,000 <$500,000 $500,000+
272
266
230
88
97
110
13
16
27
JUN 10
SEP 10
DEC 10
TOOWOOMBA HOUSE SALES<$350,000 <$500,000 $500,000+
44
41
34
254
265
260
684
628
511
282
270
239
47
37
46
JUN 10
SEP 10
DEC 10
BRISBANE CITY UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
102
113
98
224
231
172
110
71
79
45
38
31
0
4
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
123
104
116
428
374
291
405
282
269
258
191
178
46
50
61
JUN 10
SEP 10
DEC 10
GOLD COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
45
46
58
139
140
125
146
99
102
87
77
84
19
24
15
JUN 10
SEP 10
DEC 10
SUNSHINE COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
28
20
14
14
12
10
4
6
2
3
3
2
JUN 10
SEP 10
DEC 10
BUNDABERG UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
80
119
124
69
56
46
30
32
24
25
21
25
JUN 10
SEP 10
DEC 10
CAIRNS UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
32
20
16
24
14
8
10
4
2
8
6
1
JUN 10
SEP 10
DEC 10
FRASER COAST UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
9
17
13
9
5
13
14
4
19
5
6
6
JUN 10
SEP 10
DEC 10
GLADSTONE UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
23
22
26
38
31
44
19
21
18
12
11
17
JUN 10
SEP 10
DEC 10
TOWNSVILLE UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
14
20
9
12
26
19
9
9
9
8
7
4
JUN 10
SEP 10
DEC 10
MACKAY UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
16
23
16
12
8
18
10
14
14
4
4
2
JUN 10
SEP 10
DEC 10
ROCKHAMPTON UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
47
45
43
22
26
23
5
7
2
2
2
3
JUN 10
SEP 10
DEC 10
TOOWOOMBA UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
54
38
14
49
54
27
36
34
29
15
15
12
JUN 10
SEP 10
DEC 10
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
417
436
277
96
77
76
27
12
17
3
8
14
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
83
52
20
41
25
11
8
1
7
14
6
16
JUN 10
SEP 10
DEC 10
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
52
39
36
47
18
24
15
18
19
11
9
6
JUN 10
SEP 10
DEC 10
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
44
44
58
4
0
4
0
2
2
JUN 10
SEP 10
DEC 10
BUNDABERG LAND SALES<$250,000 <$350,000 $350,000+
56
53
49
8
6
4
3
8
7
JUN 10
SEP 10
DEC 10
CAIRNS LAND SALES<$250,000 <$350,000 $350,000+
57
53
91
3
3
4
1
0
1
JUN 10
SEP 10
DEC 10
FRASER COAST LAND SALES<$250,000 <$350,000 $350,000+
81
57
122
1
4
9
3
2
2
JUN 10
SEP 10
DEC 10
GLADSTONE LAND SALES<$250,000 <$350,000 $350,000+
58
55
59
12
4
7
5
2
4
JUN 10
SEP 10
DEC 10
TOWNSVILLE LAND SALES<$250,000 <$350,000 $350,000+
81
68
37
2
13
7
4
3
5
JUN 10
SEP 10
DEC 10
MACKAY LAND SALES<$250,000 <$350,000 $350,000+
67
70
89
4
3
4
0
0
2
JUN 10
SEP 10
DEC 10
ROCKHAMPTON LAND SALES<$250,000 <$350,000 $350,000+
54
56
114
7
5
2
2
0
1
JUN 10
SEP 10
DEC 10
TOOWOOMBA LAND SALES<$250,000 <$350,000 $350,000+
Median house and unit prices Brisbane’s surrounds recorded steady results over the December quarter however the preliminary number of house sales was down significantly in all areas apart from the Redland City region. These lower volumes can mainly be attributed to fewer first home buyers being active last year compared to 2009.
The median house price in Ipswich was steady at $310,000 over the December quarter however the Ipswich region was particularly impacted during the floods in January. Local agents report that immediately following the floods everyone was in damage control however early February saw buyer enquiries tentatively pick up.
The median house price in Logan increased 1.4 per cent to $360,000 over the quarter. The Logan market was impacted by lower buyer activity over the quarter mainly due to lower first home buyer numbers. Agents are currently reporting a continuation of flat market conditions with many people happy to sit on the sidelines.
With indications that the rental market will firm up, investors are expected to start coming back into the Logan market. Also, as there were very few properties in the area affected by the floods, there haven’t been any queries regarding flood levels.
The median house price in Moreton Bay decreased 1.5 per cent to $390,000 over the period, while the median house price in Redland City increased 0.3 per cent to $452,000.
The median unit and townhouse price in Logan increased 3.3 per cent to $263,500 over the quarter partly driven by sales of new stock in both Beenleigh and Springwood.
The median unit and townhouse price in Redland City increased 7.7 per cent to $350,000 over the period, but again this was impacted by sales of new waterfront stock in Cleveland.
Vacant land pricesSimilar to the house market, the decline in first home buyers compared to a year ago has seen a corresponding decline in vacant land sales as demand from this segment of the market has returned to pre boost levels.
Despite this, median prices have held steady across most areas with Ipswich up 0.5, Logan up 12.7 and Moreton Bay up 2.6 per cent over the quarter. New land estates in the Logan area have helped boost the median price, while varying quality of lots on both the bay islands and the mainland area saw the Redland City median decline 4.8 per cent over the quarter.
Median rentsThe median rent for a three-bedroom house in Moreton Bay increased $10 to $320 per week between December 2010 and December 2009. The median rent for a three-bedroom house in Ipswich increased $5 to $280 per week over the same period. The median rent for a two-bedroom unit in Logan increased $10 to $250 per week over the year.
The Ipswich rental market was significantly impacted by the floods in January. Local agents reported tight conditions in early February with multiple viewings of available rentals. What vacancies there were, were being quickly leased by displaced home owners and tenants. While many people have been looking for a rental property as close to their previous residence as possible, some have been forced to look at the next closest option.
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 10
MARKETMONITORQ
UE
EN
SLA
ND
ContentsBRIsBAne sURRoUnDs
HOUSES continuedHOUSES
Suburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
Suburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
MEDIAN SALES DATA MEDIAN SALES DATA
IPSWICH CITY (LGA) ~ 322 $310,000 0.0% $318,000 -0.6% 42.6%
IPSWICH CITY (LGA) ^ 29 $530,000 6.0% $500,000 4.2% 39.0%
AUGUSTINE HEIGHTS * 4 N/A N/A $591,000 8.4% N/A
BELLBIRD PARK ~ 13 $305,000 -2.6% $316,500 -4.1% 47.2%
BOOVAL 6 N/A N/A $288,000 -0.2% 45.8%
BRASSALL ~ 14 $382,500 27.5% $335,000 1.7% 34.0%
BUNDAMBA ~ 12 $294,000 4.3% $279,501 -1.2% 36.3%
CAMIRA ~ 16 $339,000 10.2% $351,000 0.6% 40.4%
COLLINGWOOD PARK ~ 11 $287,500 -10.2% $316,500 -2.6% 24.1%
EAST IPSWICH ~ 2 N/A N/A $270,000 -3.6% 43.2%
EASTERN HEIGHTS 10 $287,000 3.4% $283,000 1.1% 46.6%
FLINDERS VIEW ~ 17 $345,000 -9.8% $373,000 -5.0% 51.8%
GOODNA ~ 18 $312,500 18.8% $300,000 1.4% 51.5%
IPSWICH ~ 8 $274,500 -12.2% $320,000 -3.6% 28.9%
KARALEE ^ ~ 4 N/A N/A $509,250 -4.5% 28.9%
LEICHHARDT 4 N/A N/A $246,500 -0.2% 40.9%
NEWTOWN 5 N/A N/A $340,000 5.4% 52.1%
NORTH BOOVAL ~ 2 N/A N/A $280,000 -4.8% 46.2%
NORTH IPSWICH ~ 9 $325,000 16.5% $294,000 3.2% 43.4%
ONE MILE 5 N/A N/A $255,000 4.1% 45.7%
RACEVIEW 21 $310,000 3.3% $319,500 1.4% 41.4%
REDBANK PLAINS ~ 28 $290,000 -1.7% $300,000 -4.8% 45.3%
RIVERVIEW ~ 7 $245,000 N/A $250,000 -3.1% 54.3%
ROSEWOOD ~ 5 N/A N/A $279,000 9.0% 43.1%
SADLIERS CROSSING ~ 5 N/A N/A $292,500 -2.5% 46.3%
SILKSTONE ~ 11 $250,000 -10.7% $279,000 1.1% 39.5%
SPRINGFIELD ~ 10 $409,500 12.2% $388,350 5.7% 31.6%
SPRINGFIELD LAKES * 25 $403,000 3.6% $402,250 0.8% 32.8%
YAMANTO 10 $350,000 4.5% $347,500 -0.7% 29.3%
LOGAN CITY (LGA) 452 $360,000 1.4% $363,000 3.7% 51.3%
LOGAN CITY (LGA) ^ ~ 114 $507,500 3.9% $518,000 3.2% 32.8%
BEENLEIGH 12 $318,262 6.4% $327,000 -0.9% 39.1%
BERRINBA * 12 $399,950 N/A $406,900 4.3% N/A
BETHANIA 10 $296,000 N/A $309,000 -2.4% 37.3%
BORONIA HEIGHTS 14 $330,000 5.6% $316,500 -0.2% 40.7%
BROWNS PLAINS ~ 14 $306,000 -5.8% $315,000 -2.3% 43.2%
CEDAR GROVE ^ ~ 7 $370,000 -5.7% $390,000 -7.9% 25.8%
CEDAR VALE ^ 11 $480,000 8.5% $446,250 5.1% 41.7%
CORNUBIA ~ 9 $543,000 23.4% $493,000 4.9% 35.1%
CRESTMEAD 23 $307,000 -3.3% $315,000 0.0% 52.2%
DAISY HILL ~ 13 $383,000 -12.5% $420,000 7.7% 44.8%
EAGLEBY 14 $284,750 3.2% $292,750 2.0% 55.3%
EDENS LANDING ~ 15 $365,000 15.9% $361,000 1.4% 33.7%
FORESTDALE ^ ~ 7 $615,000 -10.9% $667,500 12.9% 41.7%
GREENBANK ^ ~ 13 $541,000 13.9% $520,000 0.2% 33.5%
HERITAGE PARK 13 $386,000 6.9% $413,500 3.6% 29.2%
HILLCREST 19 $342,500 -2.1% $340,000 2.3% 47.8%
JIMBOOMBA ~ 9 $365,000 1.4% $386,000 -6.7% 54.4%
JIMBOOMBA ^ 18 $475,000 6.1% $485,000 7.4% 42.6%
KINGSTON ~ 11 $263,000 -8.8% $280,000 -3.1% 53.4%
LOGAN CENTRAL 7 $280,000 -3.1% $275,000 0.0% 51.5%
LOGAN VILLAGE ^ 4 N/A N/A $512,500 2.0% 28.1%
LOGANHOLME 17 $385,000 0.8% $376,000 5.9% 38.2%
LOGANLEA 11 $318,000 0.6% $320,000 3.2% 49.2%
MARSDEN 24 $320,000 1.7% $324,000 2.9% 47.3%
MOUNT WARREN PARK ~ 12 $336,500 -8.8% $371,000 6.0% 39.2%
MUNDOOLUN ^ ~ 6 $498,000 10.1% $493,000 4.2% N/A
MUNRUBEN ^ 2 N/A N/A $520,000 4.6% 33.3%
NEW BEITH ^ 9 $535,000 1.1% $532,500 0.3% 40.7%
REGENTS PARK 35 $380,000 5.0% $370,000 2.8% 42.3%
ROCHEDALE SOUTH 37 $405,000 -0.2% $419,000 4.8% 47.0%
SHAILER PARK ~ 26 $493,690 14.3% $470,000 2.7% 32.6%
SLACKS CREEK ~ 11 $282,000 -9.0% $305,000 0.0% 45.2%
SPRINGWOOD 17 $410,000 -2.5% $421,500 2.6% 38.2%
TANAH MERAH ~ 7 $390,000 0.6% $398,000 -0.5% 33.6%
UNDERWOOD ~ 12 $410,000 -8.6% $445,000 9.6% 55.3%
WATERFORD ~ 10 $371,000 -8.8% $394,750 -1.3% N/A
WATERFORD WEST 6 N/A N/A $320,000 -2.4% 45.5%
WINDAROO + ~ 13 $440,000 18.0% $440,000 1.0% 39.7%
WOODRIDGE 11 $277,000 0.7% $271,100 0.4% 51.5%
MORETON BAY (LGA) 765 $390,000 -1.5% $400,000 4.3% 40.4%
MORETON BAY (LGA) ^ ~ 97 $560,000 -8.2% $600,500 5.4% 36.5%
ALBANY CREEK ~ 29 $519,000 -4.8% $526,000 9.6% 44.1%
ARANA HILLS 14 $445,000 -2.8% $461,500 6.1% 42.0%
BANKSIA BEACH ~ f 17 $410,000 -11.8% $480,000 3.1% 13.7%
BEACHMERE ~ f 6 N/A N/A $350,000 -1.5% 38.1%
BELLARA 5 N/A N/A $337,500 0.7% 20.2%
BELLMERE 9 $365,000 6.7% $361,516 0.4% 28.7%
BONGAREE ~ f * 16 $366,500 -22.8% $402,000 6.6% 19.1%
BRAY PARK 25 $350,000 -3.2% $365,000 -0.3% 43.1%
BUNYA ^ 1 N/A N/A $815,000 N/A N/A
BURPENGARY 19 $370,000 -0.6% $379,500 2.6% 45.4%
BURPENGARY ^ ~ 19 $530,000 -5.4% $540,000 0.4% 34.2%
CABOOLTURE 32 $306,000 -2.6% $316,000 3.6% 42.5%
CABOOLTURE ^ ~ 5 $429,000 -13.3% $481,000 3.4% 36.6%
CABOOLTURE SOUTH 13 $297,500 -3.1% $292,500 0.2% 46.3%
CASHMERE ^ 5 N/A N/A $562,500 5.1% 28.7%
CASHMERE 3 N/A N/A $732,500 4.6% 39.5%
CLONTARF 24 $372,500 1.2% $365,000 -0.8% 35.2%
DECEPTION BAY ~ 42 $317,500 2.4% $319,000 -1.8% 35.7%
EATONS HILL 19 $512,500 3.5% $512,500 -0.5% 31.4%
EATONS HILL ^ 1 N/A N/A $705,000 N/A N/A
ELIMBAH ^ ~ 7 $460,000 N/A $487,500 -2.0% 25.8%
EVERTON HILLS ~ 13 $510,000 13.3% $475,000 9.4% 55.7%
FERNY HILLS 22 $441,500 -3.0% $460,000 6.0% 49.7%
GRIFFIN 4 N/A N/A $410,000 2.5% 33.9%
HIGHVALE ^ 2 N/A N/A $788,750 N/A 32.8%
JOYNER 6 N/A N/A $477,500 6.1% N/A
KALLANGUR 48 $345,000 0.0% $352,500 0.7% 41.0%
KIPPA-RING 23 $340,000 -1.4% $365,250 0.1% 32.8%
LAWNTON ~ 7 $347,500 -5.4% $348,000 0.9% 39.2%
MANGO HILL ~ 5 N/A N/A $450,500 -1.4% 32.5%
MARGATE ~ 16 $375,000 -6.3% $400,000 12.1% 47.9%
MORAYFIELD ~ 31 $322,500 -2.3% $330,000 -2.1% 31.3%
MORAYFIELD ^ ~ 6 $555,000 3.9% $550,000 -2.7% 32.2%
MURRUMBA DOWNS 24 $427,000 -3.0% $450,000 5.9% 40.1%
NARANGBA 47 $410,000 -0.5% $431,500 0.3% 32.4%
NEWPORT ~ f 7 $815,000 -1.2% $850,000 13.3% N/A
NINGI ^ 3 N/A N/A $520,000 8.9% 36.3%
NORTH LAKES ~ * 81 $450,000 2.3% $452,500 2.0% N/A
PETRIE ~ 19 $345,000 -11.3% $387,000 3.3% 43.3%
REDCLIFFE ~ 28 $366,000 -10.6% $380,000 8.3% 38.2%
ROTHWELL 9 $426,000 10.6% $385,000 1.3% 17.5%
SAMFORD VALLEY ^ 3 N/A N/A $840,000 5.0% 37.6%
SANDSTONE POINT ~ 8 $366,500 -4.8% $395,000 0.0% 25.2%
SCARBOROUGH ~ f 19 $440,000 -8.3% $465,000 8.1% 14.8%
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 11
BRIsBAne sURRoUnDs
Suburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
Suburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
UNITS & TOWNHOUSES
VACANT URBAN LAND
MEDIAN SALES DATA MEDIAN SALES DATA
HOUSES continued UNITS & TOWNHOUSES continuedSTRATHPINE 13 $362,000 6.5% $350,000 0.9% 43.4%
UPPER CABOOLTURE ^ ~ 5 $507,000 -9.5% $525,000 -2.4% N/A
WARNER 21 $480,000 1.1% $480,000 7.3% 39.1%
WARNER ^ 5 $590,000 N/A N/A N/A N/A
WOODFORD ~ 4 N/A N/A $313,000 -2.2% N/A
WOODY POINT ~ f 8 $345,000 -22.5% $397,000 7.3% 44.4%
WOORIM 6 N/A N/A $445,000 7.2% 18.3%
REDLAND CITY (LGA) 375 $452,000 0.3% $470,000 4.4% 35.4%
REDLAND CITY (LGA) ^ ~ 15 $750,000 -14.3% $810,000 -2.6% 24.6%
ALEXANDRA HILLS 48 $412,500 0.0% $415,000 3.5% 43.1%
BIRKDALE 34 $452,500 4.4% $470,000 4.4% 32.4%
CAPALABA 36 $398,750 -0.6% $410,000 0.7% 36.9%
CAPALABA ^ 3 N/A N/A $820,000 8.6% N/A
CLEVELAND ~ 29 $545,000 13.0% $532,500 5.4% 33.1%
MACLEAY ISLAND ~ 10 $250,000 13.6% $235,000 -2.1% 14.6%
MOUNT COTTON * 24 $453,450 9.3% $468,900 2.9% 45.8%
ORMISTON f 16 $531,000 -2.4% $600,000 6.2% 23.7%
REDLAND BAY 40 $483,500 -1.3% $499,000 2.9% 34.7%
RUSSELL ISLAND ~ f 12 $169,000 -2.9% $225,000 2.3% 41.5%
THORNESIDE ~ f 8 $501,000 20.7% $490,000 15.3% 39.0%
THORNLANDS 31 $545,000 9.5% $547,500 2.8% 31.3%
THORNLANDS ^ 5 $705,000 N/A $848,500 N/A 33.6%
VICTORIA POINT ~ 42 $459,500 -2.2% $479,250 4.4% 33.1%
WELLINGTON POINT ~ f 35 $540,000 -2.3% $557,500 8.8% 35.6%
IPSWICH CITY (LGA) - * 24 $255,000 -0.8% $255,000 0.0% 44.5%
BRASSALL 5 N/A N/A $290,000 5.5% 48.9%
RACEVIEW * 4 N/A N/A $254,000 N/A N/A
LOGAN CITY (LGA) 120 $263,500 3.3% $263,000 0.4% 68.6%
BEENLEIGH * 8 $228,000 4.6% $228,000 -3.0% 68.9%
BORONIA HEIGHTS * 1 N/A N/A $180,000 N/A -21.7%
EAGLEBY * 7 $248,500 0.2% $252,000 -19.5% 88.1%
LOGAN CENTRAL 8 $230,000 N/A $207,500 9.2% 68.0%
ROCHEDALE SOUTH 2 N/A N/A $288,750 3.1% 56.1%
SHAILER PARK ~ 5 N/A N/A $300,000 -0.2% 57.9%
SLACKS CREEK 11 $244,000 N/A $240,000 0.0% 51.9%
SPRINGWOOD * 7 $280,000 5.7% $279,000 -1.1% 55.0%
UNDERWOOD * 8 $387,200 N/A $382,500 3.7% 101.3%
WOODRIDGE * 14 $210,000 -7.3% $220,000 9.2% 76.0%
MORETON BAY (LGA) - 167 $325,900 1.8% $329,950 3.1% 37.5%
ALBANY CREEK * 8 $382,500 N/A N/A N/A N/A
BONGAREE * f 7 $280,000 -28.2% $355,000 14.5% 30.5%
BRENDALE ~ 6 N/A N/A $290,750 3.3% 41.8%
BURPENGARY * 8 $266,500 -15.4% $305,000 9.0% 27.3%
CABOOLTURE * 3 N/A N/A $235,000 -17.4% 95.8%
CLONTARF * 6 N/A N/A $321,200 -5.5% 29.0%
DECEPTION BAY * 7 $263,000 N/A $265,000 1.8% 10.9%
KALLANGUR * ~ 10 $295,000 1.7% $312,500 -9.6% 33.0%
KIPPA-RING * 15 $335,000 0.0% $335,000 1.1% 41.9%
MARGATE * 3 N/A N/A $353,500 -8.8% 15.4%
MORAYFIELD 2 N/A N/A $267,500 12.4% 64.6%
MURRUMBA DOWNS * 12 $337,500 -1.5% $337,500 N/A 27.8%
NINGI * 5 N/A N/A $339,900 N/A N/A
REDCLIFFE * f 16 $411,000 -1.0% $387,000 17.3% 30.3%
SCARBOROUGH * f 14 $365,000 -18.0% $410,000 0.0% 3.8%
STRATHPINE 5 N/A N/A $289,000 2.7% N/A
WOODY POINT * f 8 $260,000 N/A $465,000 22.4% 59.0%
REDLAND CITY (LGA) * f 59 $350,000 7.7% $352,250 0.6% 38.1%
CAPALABA * 7 $312,500 N/A $305,000 0.0% 41.9%
CLEVELAND * f 17 $387,500 21.1% $381,250 -7.0% 38.6%
ORMISTON 4 N/A N/A $347,500 0.7% 36.3%
THORNESIDE ~ 6 N/A N/A $295,000 -4.8% 40.5%
VICTORIA POINT ~ * 4 N/A N/A $374,000 18.7% 70.8%
IPSWICH CITY (LGA) 105 $179,900 0.5% $178,250 3.0% 29.2%
IPSWICH CITY (LGA) ^ * 8 N/A N/A $266,000 11.3% 43.0%
AUGUSTINE HEIGHTS * 11 $234,500 2.0% $232,000 3.6% 20.5%
BELLBIRD PARK * 3 N/A N/A $240,000 23.1% N/A
BRASSALL ~ * 9 $179,000 13.7% $177,250 1.3% 25.3%
BROOKWATER + * ~ 1 N/A N/A $303,000 -1.0% 28.9%
CHUWAR 2 N/A N/A $199,000 2.1% N/A
GOODNA * 11 $180,000 N/A $175,000 2.9% 24.2%
KARALEE ^ * 2 N/A N/A $264,000 3.7% 32.2%
LEICHHARDT ~ * 2 N/A N/A $173,450 N/A N/A
NORTH BOOVAL * 6 $195,000 N/A $195,000 10.2% N/A
RACEVIEW * 3 N/A N/A $173,000 12.3% 23.6%
REDBANK PLAINS * 23 $175,000 -2.8% $175,000 2.9% 0.0%
SPRINGFIELD * 3 N/A N/A $175,000 N/A 6.1%
SPRINGFIELD LAKES ~ * 20 $179,450 -7.3% $176,500 5.1% 57.6%
WULKURAKA * 2 N/A N/A $190,000 N/A N/A
LOGAN CITY (LGA) ~ * 60 $231,000 12.7% $210,450 1.2% 40.3%
LOGAN CITY (LGA) ^ * 14 N/A N/A $260,500 9.5% 57.9%
BAHRS SCRUB * 15 $235,000 -1.7% $239,000 N/A N/A
CRESTMEAD * 1 N/A N/A $202,500 N/A 39.7%
DAISY HILL * 3 N/A N/A $350,000 1.4% N/A
GREENBANK ^ * 4 N/A N/A $259,500 10.4% 56.3%
HILLCREST * 3 N/A N/A $215,000 8.3% N/A
HOLMVIEW * 2 N/A N/A $211,900 1.0% N/A
JIMBOOMBA ^ ~ * 1 N/A N/A $216,000 9.1% 41.2%
LOGANHOLME * 7 $289,000 N/A N/A N/A N/A
LOGANLEA * 0 N/A N/A $225,000 15.4% 47.1%
MARSDEN * 4 N/A N/A $195,000 3.1% 33.6%
NEW BEITH ^ * 2 N/A N/A $259,000 3.6% 54.2%
UNDERWOOD * 3 N/A N/A $334,000 0.5% 55.3%
WATERFORD * 11 $202,000 2.0% $189,000 15.2% 40.0%
MORETON BAY (LGA) ~ * f 128 $205,000 2.6% $204,000 -0.5% 20.7%
MORETON BAY (LGA) ^ * 20 $369,000 10.1% $356,250 -4.4% 29.5%
BANKSIA BEACH + * f 5 $280,000 -24.3% $340,500 -17.8% -38.1%
BELLMERE * 2 N/A N/A $189,500 -2.8% N/A
CABOOLTURE * 32 $192,750 0.7% $195,000 4.3% 28.3%
CASHMERE * 3 N/A N/A $320,000 8.5% 82.3%
DAKABIN * 5 $205,000 -6.8% $209,950 N/A N/A
FERNY HILLS * 2 N/A N/A $350,000 N/A N/A
GRIFFIN 2 N/A N/A $209,500 2.2% N/A
KALLANGUR * 2 N/A N/A $207,900 10.6% 38.6%
MANGO HILL ~ * 1 N/A N/A $216,000 -10.0% 29.3%
MORAYFIELD * 18 $190,000 0.0% $193,000 1.6% 28.7%
MURRUMBA DOWNS ~ * 3 N/A N/A $205,000 -28.7% 13.9%
NARANGBA * 14 $224,500 -3.2% $227,450 -1.1% 33.4%
NINGI 2 N/A N/A $231,900 3.1% N/A
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 12
MARKETMONITORQ
UE
EN
SLA
ND
ContentsBRIsBAne sURRoUnDs
VACANT URBAN LAND continued 3 BEDROOM HOUSES continued
Suburbs/Localities
Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTSSuburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
MEDIAN SALES DATA
3 BEDROOM HOUSES
Suburbs/Localities
Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS
NORTH LAKES * 8 $253,000 17.0% $212,000 6.5% N/A
SAMFORD VALLEY ^ * 1 N/A N/A $490,000 -6.7% 32.4%
WARNER * 24 $235,000 4.0% $239,000 3.9% 42.3%
REDLAND CITY (LGA) ³ ~ * 47 $60,000 -4.8% $190,250 -19.0% -1.4%
Redland City - Bay Islands ~ f 29 $35,000 -12.5% $40,000 -18.8% 5.3%
Redland City - Mainland * f 18 $291,500 -6.0% $295,000 13.5% 28.3%
BIRKDALE 2 N/A N/A $300,000 0.8% 36.4%
MACLEAY ISLAND f 3 N/A N/A $53,000 -3.6% -3.6%
MOUNT COTTON * 2 N/A N/A $257,000 7.1% 31.5%
REDLAND BAY * 5 $270,000 N/A $300,000 15.4% 39.5%
RUSSELL ISLAND * 23 $34,700 -0.9% $36,000 -10.0% 20.0%
THORNLANDS * 2 N/A N/A $285,000 14.9% 24.5%
VICTORIA POINT ~ * 2 N/A N/A $264,000 -2.9% 20.0%
WELLINGTON POINT ~ * f 2 N/A N/A $330,000 -1.5% 0.0%
IPSWICH CITY COUNCIL AREA $280 718 $270 720
4300 Brookwater/ Camira/ Springfield Lakes/ etc. $310 159 $300 176
4301 Collingwood Park/ Redbank/ Redbank Plains $290 109 $280 88
4303 Dinmore/ Riverview $250 22 $250 24
4304 Blackstone/ Bundamba/ Silkstone/ etc. $270 74 $260 72
4305 Brassall/ Leichhardt/ Raceview/ Yamanto/ etc. $270 283 $265 297
4306 Barellan Point/ Karalee/ Willowbank/ etc. $320 52 $275 36
4340 Ebenezer/ Grandchester/ Rosewood/ etc. $265 19 $260 24
LOGAN CITY COUNCIL AREA $320 847 $320 851
4114 Kingston/ Logan Central/ Woodridge $295 130 $300 135
4118 Browns Plains/ Heritage Park/ Regents Park/ etc. $325 101 $320 101
4119 Underwood $360 14 $320 7
4123 Rochedale/ Rochedale South $350 59 $340 47
4124 Boronia Heights/ Greenbank/ New Beith/ etc. $310 38 $335 43
4125 Munruben/ Park Ridge/ Park Ridge South² $430 8 $415 7
4127 Daisy Hill/ Slacks Creek/ Springwood/ etc. $345 90 $345 78
4128 Shailer Park/ Tanah Merah $360 37 $360 34
4129 Loganholme $345 21 $330 34
4130 Carbrook/ Cornubia $360 14 $350 14
4131 Loganlea/ Meadowbrook $330 24 $320 30
4132 Crestmead/ Marsden $310 86 $310 75
4133 Chambers Flat/ Logan Reserve/ Waterford/ etc. $340 35 $335 19
4205 Bethania $310 15 $310 28
4207 Beenleigh/ Eagleby/ Mt Warren Park/ etc. $310 154 $300 173
4280 Jimboomba/ North Maclean/ South Maclean/ etc. $360 21 $360 26
MORETON BAY REGIONAL COUNCIL AREA $320 1,047 $310 954
Caboolture Region $290 462 $290 446
4504 Narangba $320 22 $340 20
4505 Burpengary $330 17 $310 29
4506 Moorina/ Morayfield $280 58 $290 54
4507 Banksia Beach/ Bellara/ Bongaree/ Woorim/ etc. $310 55 $320 56
4508 Deception Bay $290 81 $290 94
4510 Beachmere/ Caboolture/ Upper Caboolture/ etc. $280 179 $275 158
4511 Godwin Beach/ Ningi/ Sandstone Pt $300 26 $320 16
4514 D'Aguilar/ Delaneys Ck/ Neurum/ Woodford/ etc. $290 18 $290 10
Pine Rivers Region $350 350 $340 295
4035 Albany Creek/ Bridgeman Downs $380 26 $360 26
4037 Eatons Hill $410 6 $425 7
4055 Bunya/ Ferny Grove/ Ferny Hills/ Upper Kedron $375 41 $370 29
4500 Bray Park/ Cashmere/ Strathpine/ Warner/ etc. $350 56 $330 67
4501 Lawnton $335 18 $330 15
4502 Petrie $320 28 $320 18
4503 Dakabin/ Griffin/ Kallangur/ Murrumba Downs/ etc. $330 87 $320 74
4509 Mango Hill/ North Lakes $350 73 $350 45
4520 Camp Mountain/ Highvale/ Samford Village/ etc. $440 6 $465 9
4521 Dayboro/ Mt Pleasant/ Ocean View/ etc. $380 9 $350 5
Redcliffe Region $320 235 $310 213
4019 Clontarf/ Margate/ Woody Point $320 106 $320 85
4020 Redcliffe/ Scarborough $320 84 $310 90
4021 Kippa-Ring $330 32 $305 30
4022 Rothwell $300 13 $315 8
REDLAND CITY COUNCIL AREA $350 335 $350 360
4157 Capalaba/ Capalaba West/ Sheldon $360 37 $360 29
4158 Thorneside $370 9 $355 15
4159 Birkdale $360 35 $350 30
4160 Ormiston/ Wellington Point $365 36 $380 41
4161 Alexandra Hills $355 48 $360 54
4163 Cleveland $370 42 $370 48
4164 Thornlands $370 12 $360 16
4165 Mt Cotton/ Redland Bay/ Victoria Point/ etc. $365 47 $350 56
4184 Coochiemudlo Is/ Macleay Is/ Russell Is/ etc. $220 65 $225 67
IPSWICH CITY COUNCIL AREA $230 147 $230 106
4300 Brookwater/ Camira/ Springfield Lakes/ etc. $220 28 $230 19
4301 Collingwood Park/ Redbank/ Redbank Plains $250 36 $240 26
4304 Blackstone/ Bundamba/ Silkstone/ etc. $230 19 $220 18
4305 Brassall/ Leichhardt/ Raceview/ Yamanto/ etc. $210 62 $200 40
LOGAN CITY COUNCIL AREA $250 220 $240 236
4114 Kingston/ Logan Central/ Woodridge $240 72 $230 100
4118 Browns Plains/ Heritage Park/ Regents Park/ etc. $265 8
4127 Daisy Hill/ Slacks Creek/ Springwood/ etc. $280 19 $280 33
4128 Shailer Park/ Tanah Merah $280 10 $275 6
4131 Loganlea/ Meadowbrook $260 8 $235 5
4132 Crestmead/ Marsden $240 8 $220 7
4133 Chambers Flat/ Logan Reserve/ Waterford/ etc. $240 10 $240 8
4207 Beenleigh/ Eagleby/ Mt Warren Park/ etc. $250 72 $240 63
MORETON BAY REGIONAL COUNCIL AREA $260 448 $260 441
Caboolture Region $250 165 $250 162
4505 Burpengary $250 9 n.a. 4
4506 Moorina/ Morayfield $250 16 $240 5
4507 Banksia Beach/ Bellara/ Bongaree/ Woorim/ etc. $250 44 $245 58
4508 Deception Bay $285 13 $280 32
4510 Beachmere/ Caboolture/ Upper Caboolture/ etc. $245 76 $250 60
Pine Rivers Region $275 77 $275 101
4500 Bray Park/ Cashmere/ Strathpine/ Warner/ etc. $280 29 $280 37
4501 Lawnton $270 15 $250 12
4503 Dakabin/ Griffin/ Kallangur/ Murrumba Downs/ etc. $275 24 $280 44
Redcliffe Region $250 206 $250 178
4019 Clontarf/ Margate/ Woody Point $245 80 $250 82
2 BEDROOM FLATS/UNITS
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 13
BRIsBAne sURRoUnDs
3 BEDROOM TOWNHOUSES continued
Suburbs/Localities
Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)Po
stco
de Suburbs/Localities
Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS
2 BEDROOM FLATS/UNITS continued4020 Redcliffe/ Scarborough $270 114 $250 93
4021 Kippa-Ring $255 11 n.a. 3
REDLAND CITY COUNCIL AREA $300 105 $310 79
4157 Capalaba/ Capalaba West/ Sheldon $285 15 $290 10
4159 Birkdale $290 7 n.a. 3
4160 Ormiston/ Wellington Point $178 9 $320 5
4161 Alexandra Hills $295 6 $280 5
4163 Cleveland $340 46 $350 41
4165 Mt Cotton/ Redland Bay/ Victoria Point/ etc. $140 16 n.a. 4
IPSWICH CITY COUNCIL AREA $300 91 $295 74
4300 Brookwater/ Camira/ Springfield Lakes/ etc. $335 29 $320 20
4301 Collingwood Park/ Redbank/ Redbank Plains $280 29 $290 28
4304 Blackstone/ Bundamba/ Silkstone/ etc. $300 19 $300 12
4305 Brassall/ Leichhardt/ Raceview/ Yamanto/ etc. $290 12 $280 11
LOGAN CITY COUNCIL AREA $320 240 $315 253
4114 Kingston/ Logan Central/ Woodridge $310 19 $290 43
4118 Browns Plains/ Heritage Park/ Regents Park/ etc. $320 43 $330 36
4119 Underwood $395 8 $380 10
4123 Rochedale/ Rochedale South $330 9 n.a. 4
4127 Daisy Hill/ Slacks Creek/ Springwood/ etc. $310 37 $295 30
4128 Shailer Park/ Tanah Merah $325 10 $305 10
4131 Loganlea/ Meadowbrook $345 27 $350 21
4132 Crestmead/ Marsden $310 8 $370 8
4133 Chambers Flat/ Logan Reserve/ Waterford/ etc. $295 13 $300 16
4207 Beenleigh/ Eagleby/ Mt Warren Park/ etc. $315 59 $320 67
MORETON BAY REGIONAL COUNCIL AREA $320 394 $314 272
Caboolture Region $295 96 $290 103
4505 Burpengary $290 20 $290 18
4506 Moorina/ Morayfield $295 5 n.a. 2
4508 Deception Bay $290 41 $290 47
4510 Beachmere/ Caboolture/ Upper Caboolture/ etc. $285 20 $290 25
Pine Rivers Region $330 176 $330 100
4035 Albany Creek/ Bridgeman Downs $350 11 $350 7
4055 Bunya/ Ferny Grove/ Ferny Hills/ Upper Kedron $350 6 n.a. 4
4500 Bray Park/ Cashmere/ Strathpine/ Warner/ etc. $320 35 $324 33
4503 Dakabin/ Griffin/ Kallangur/ Murrumba Downs/ etc. $330 91 $330 42
4509 Mango Hill/ North Lakes $320 28 $340 10
Redcliffe Region $325 122 $320 69
4020 Redcliffe/ Scarborough $325 18 $330 18
4021 Kippa-Ring $325 84 $315 20
4022 Rothwell $305 16 $295 16
REDLAND CITY COUNCIL AREA $355 85 $360 65
4157 Capalaba/ Capalaba West/ Sheldon $335 14 $345 8
4158 Thorneside $355 7 n.a. 3
4160 Ormiston/ Wellington Point $360 13 $360 15
4163 Cleveland $370 26 $350 25
4165 Mt Cotton/ Redland Bay/ Victoria Point/ etc. $370 17 $360 11
3 BEDROOM TOWNHOUSES
GoLD CoAst CItY
141
137
121
881
780
799
1373
1177
1064
141
124
147
JUN 10
SEP 10
DEC 10
BRISBANE CITY HOUSE SALES<$350,000 <$500,000 <$1m $1m+
775
815
718
1111
1009
885
424
328
291
14
16
20
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
20
24
20
417
433
376
364
332
318
54
49
37
JUN 10
SEP 10
DEC 10
GOLD COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
46
68
49
348
322
307
226
189
178
40
26
15
JUN 10
SEP 10
DEC 10
SUNSHINE COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
144
181
154
41
42
39
9
8
9
JUN 10
SEP 10
DEC 10
BUNDABERG HOUSE SALES<$350,000 <$500,000 $500,000+
139
166
148
118
165
139
43
55
55
JUN 10
SEP 10
DEC 10
CAIRNS HOUSE SALES<$350,000 <$500,000 $500,000+
182
156
147
48
51
40
15
9
7
JUN 10
SEP 10
DEC 10
FRASER COAST HOUSE SALES<$350,000 <$500,000 $500,000+
64
44
61
109
90
130
25
27
30
JUN 10
SEP 10
DEC 10
GLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+
159
178
170
198
214
234
55
57
63
JUN 10
SEP 10
DEC 10
TOWNSVILLE HOUSE SALES<$350,000 <$500,000 $500,000+
70
77
53
150
148
164
51
54
59
JUN 10
SEP 10
DEC 10
MACKAY HOUSE SALES<$350,000 <$500,000 $500,000+
128
162
142
62
62
59
25
22
18
JUN 10
SEP 10
DEC 10
ROCKHAMPTON HOUSE SALES<$350,000 <$500,000 $500,000+
272
266
230
88
97
110
13
16
27
JUN 10
SEP 10
DEC 10
TOOWOOMBA HOUSE SALES<$350,000 <$500,000 $500,000+
Median house and unit prices Although preliminary sales numbers dropped over the quarter, it seems the Gold Coast local government area was bouncing back from last quarter’s movement in sales. The Gold Coast posted a 2.1 per cent median house price increase to $490,000 over the December quarter.
Stage one of Queensland’s first light rail system, the Gold Coast Rapid Transit system, has begun and is scheduled to start Passenger services in 2014. Residents see this project as a positive step for the Gold Coast economy.
REIQ accredited agents servicing the region are noticing a slow re-emergence of first home buyers back into the marketplace. Investors have also reappeared, although they are quite price sensitive and are looking for affordable lifestyle opportunities.
Hollywell and Highland Park were strong performing suburbs on the Gold Coast this quarter. Both posted an increase to the median of 11.2 per cent and 10.7 per cent to $643,750 and $465,000, respectively.
The unit and townhouse market experienced a 2.8 per cent median price increase to $365,000 for the December quarter; however, the volume of preliminary sales was down.
The suburbs boasting waterfront properties and ocean views fared well for the quarter. Currumbin reported 16.9 per cent ($391,500) growth; Biggera Waters increased its median by 12.9 per cent to $350,000; and Southport recorded 12.2 per cent to $359,000.
Broadbeach was a standout performer posting the most number of preliminary unit sales on the Gold Coast with a median increase of 2.9 per cent to $535,000.
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 14
MARKETMONITORQ
UE
EN
SLA
ND
Contents
54
38
14
49
54
27
36
34
29
15
15
12
JUN 10
SEP 10
DEC 10
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
417
436
277
96
77
76
27
12
17
3
8
14
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
83
52
20
41
25
11
8
1
7
14
6
16
JUN 10
SEP 10
DEC 10
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
52
39
36
47
18
24
15
18
19
11
9
6
JUN 10
SEP 10
DEC 10
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
44
44
58
4
0
4
0
2
2
JUN 10
SEP 10
DEC 10
BUNDABERG LAND SALES<$250,000 <$350,000 $350,000+
56
53
49
8
6
4
3
8
7
JUN 10
SEP 10
DEC 10
CAIRNS LAND SALES<$250,000 <$350,000 $350,000+
57
53
91
3
3
4
1
0
1
JUN 10
SEP 10
DEC 10
FRASER COAST LAND SALES<$250,000 <$350,000 $350,000+
81
57
122
1
4
9
3
2
2
JUN 10
SEP 10
DEC 10
GLADSTONE LAND SALES<$250,000 <$350,000 $350,000+
58
55
59
12
4
7
5
2
4
JUN 10
SEP 10
DEC 10
TOWNSVILLE LAND SALES<$250,000 <$350,000 $350,000+
81
68
37
2
13
7
4
3
5
JUN 10
SEP 10
DEC 10
MACKAY LAND SALES<$250,000 <$350,000 $350,000+
67
70
89
4
3
4
0
0
2
JUN 10
SEP 10
DEC 10
ROCKHAMPTON LAND SALES<$250,000 <$350,000 $350,000+
54
56
114
7
5
2
2
0
1
JUN 10
SEP 10
DEC 10
TOOWOOMBA LAND SALES<$250,000 <$350,000 $350,000+
GoLD CoAst CItY44
41
34
254
265
260
684
628
511
282
270
239
47
37
46
JUN 10
SEP 10
DEC 10
BRISBANE CITY UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
102
113
98
224
231
172
110
71
79
45
38
31
0
4
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
123
104
116
428
374
291
405
282
269
258
191
178
46
50
61
JUN 10
SEP 10
DEC 10
GOLD COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
45
46
58
139
140
125
146
99
102
87
77
84
19
24
15
JUN 10
SEP 10
DEC 10
SUNSHINE COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
28
20
14
14
12
10
4
6
2
3
3
2
JUN 10
SEP 10
DEC 10
BUNDABERG UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
80
119
124
69
56
46
30
32
24
25
21
25
JUN 10
SEP 10
DEC 10
CAIRNS UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
32
20
16
24
14
8
10
4
2
8
6
1
JUN 10
SEP 10
DEC 10
FRASER COAST UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
9
17
13
9
5
13
14
4
19
5
6
6
JUN 10
SEP 10
DEC 10
GLADSTONE UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
23
22
26
38
31
44
19
21
18
12
11
17
JUN 10
SEP 10
DEC 10
TOWNSVILLE UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
14
20
9
12
26
19
9
9
9
8
7
4
JUN 10
SEP 10
DEC 10
MACKAY UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
16
23
16
12
8
18
10
14
14
4
4
2
JUN 10
SEP 10
DEC 10
ROCKHAMPTON UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
47
45
43
22
26
23
5
7
2
2
2
3
JUN 10
SEP 10
DEC 10
TOOWOOMBA UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
GOLD COAST CITY (LGA) 751 $490,000 2.1% $504,000 5.0% 26.0%
GOLD COAST CITY (LGA) ^ 91 $660,000 -7.2% $720,000 7.1% 25.2%
ARUNDEL 22 $482,000 4.6% $465,000 0.0% 14.1%
ASHMORE 26 $475,000 4.4% $470,000 -0.4% 23.7%
BENOWA + * f 6 N/A N/A $760,000 10.1% 17.8%
BIGGERA WATERS ~ f 8 $447,000 -34.7% $495,000 -6.6% 17.9%
BONOGIN ^ ~ 12 $575,500 -14.7% $651,000 -1.4% 27.6%
BROADBEACH WATERS ~ f 24 $695,000 -5.4% $815,000 -4.1% 24.2%
BUNDALL ~ f 13 $1,230,000 34.1% $956,000 16.2% 44.0%
BURLEIGH HEADS ~ f 12 $557,500 17.4% $560,500 2.7% 10.4%
BURLEIGH WATERS 23 $545,000 -2.7% $570,000 3.6% 28.1%
CARRARA ~ f 23 $420,000 -0.5% $430,000 -3.8% 19.3%
CLEAR ISLAND WATERS ~ f 10 $659,000 N/A $751,000 -13.2% 2.2%
COOMBABAH ~ f 14 $390,000 -14.8% $443,000 6.4% 34.2%
COOMERA + * f 10 $537,500 -17.1% $558,000 -3.0% 5.3%
CURRUMBIN WATERS 15 $486,000 3.4% $490,000 2.1% 27.3%
ELANORA ~ 9 $485,000 -4.9% $534,000 7.9% 28.7%
HELENSVALE + * f 38 $510,000 15.9% $505,750 1.2% 25.7%
HIGHLAND PARK 13 $465,000 10.7% $441,500 7.4% 35.8%
HOLLYWELL 8 $643,750 11.2% $580,000 8.4% 31.4%
HOPE ISLAND + * f ~ 7 $1,950,000 73.3% $1,250,000 13.6% 19.0%
LABRADOR 4 N/A N/A $433,250 3.2% 23.8%
LOWER BEECHMONT 6 N/A N/A $386,000 10.0% 34.3%
MAUDSLAND 6 N/A N/A $455,500 4.9% 24.0%
MERMAID WATERS 21 $592,500 -3.7% $650,000 3.2% 24.4%
MERRIMAC 14 $409,000 N/A $415,000 0.0% 25.2%
Median vacant land pricesThe median vacant land price on the Gold Coast increased 20.8 per cent, over the December quarter, to $280,000. Although the number of preliminary sales dropped over the quarter, new subdivisions with waterfront views helped increase the median price throughout the period.
Sales in Hope Island were behind this trend, with a median of $590,000, the suburb recorded a 50 per cent increase to preliminary sales numbers.
Over the year, the median price for vacant land on the Gold Coast increased 8.5 per cent to $255,000.
Median rentsThe median rent for a three-bedroom house on the Gold Coast remained unchanged at $400 per week between December 2010 and December 2009. Likewise, the median rent for a two-bedroom unit was also stable on $340 per week over the same period.
The median weekly rent for three-bedroom townhouses on the Gold Coast increased by $5 over the year to $365.
Agents are reporting a reasonably strong rental market especially demand for houses. Units are still in demand, although there is a substantial amount of stock still available on the rental market.
HOUSES HOUSES continued
Suburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
MIAMI ~ 12 $604,500 13.1% $565,000 9.7% 36.1%
MOLENDINAR 6 N/A N/A $494,000 4.0% 22.4%
MUDGEERABA 27 $456,000 -4.3% $475,000 5.6% 30.1%
MUDGEERABA ^ ~ 7 $586,000 -27.7% $730,000 14.5% 25.9%
NERANG 14 $370,000 -0.4% $380,000 0.1% 26.7%
NERANG ^ 6 $686,000 N/A $750,000 10.6% 17.2%
ORMEAU 28 $449,500 5.1% $449,000 4.4% 23.7%
ORMEAU ^ 5 $659,500 2.5% $688,350 8.5% 27.5%
OXENFORD 24 $438,750 -0.3% $460,000 4.8% 31.5%
PACIFIC PINES 35 $470,000 3.9% $465,000 2.2% 25.7%
PALM BEACH ~ 27 $530,000 -5.4% $560,000 6.7% 30.2%
PARADISE POINT ¹ ~ f 11 $575,000 -1.7% $610,000 8.9% -0.8%
PARKWOOD ~ 11 $456,000 -7.9% $492,500 4.2% 26.3%
REEDY CREEK ~ 11 $700,000 14.0% $671,000 8.7% 56.0%
ROBINA 48 $545,000 5.8% $545,000 2.8% 21.1%
RUNAWAY BAY ~ f 10 $667,500 -20.1% $727,500 1.7% -8.2%
SOUTHPORT ~ f 25 $465,000 0.0% $475,000 4.4% 25.2%
SOVEREIGN ISLAND * f 6 N/A N/A $2,235,000 -4.6% 20.8%
SURFERS PARADISE f 6 N/A N/A $1,280,000 3.4% 6.7%
TALLAI ^ ~ 5 $728,000 -4.8% $765,000 9.3% 25.4%
TALLEBUDGERA ^ ~ 7 $950,000 N/A $775,000 9.3% 40.1%
TALLEBUDGERA VALLEY ^ 1 N/A N/A $720,000 N/A 16.1%
TUGUN ~ 17 $440,000 4.5% $450,000 -0.4% 13.9%
UPPER COOMERA 51 $412,500 1.1% $420,250 1.7% 27.6%
VARSITY LAKES 32 $487,500 1.8% $491,000 5.6% 23.8%
WORONGARY 5 N/A N/A $405,000 0.4% 23.5%
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 15
GoLD CoAst CItY
HOUSES continued
Suburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
MEDIAN SALES DATA
VACANT URBAN LAND
WORONGARY ^ ~ 6 $722,250 -5.0% $730,000 17.7% 30.4%
GOLD COAST CITY (LGA) 915 $365,000 2.8% $375,000 4.1% 18.3%
ARUNDEL 6 N/A N/A $319,444 -0.2% 27.8%
ASHMORE ~ 8 $290,000 1.4% $310,000 -0.4% 25.1%
BENOWA - * f 1 N/A N/A $370,000 -17.8% 27.6%
BIGGERA WATERS ~ f 19 $350,000 12.9% $392,500 7.5% 51.0%
BILINGA 3 N/A N/A $500,000 4.0% 9.9%
BROADBEACH 74 $535,000 2.9% $474,000 4.3% 18.5%
BROADBEACH WATERS 10 $433,250 N/A $440,000 6.4% 51.7%
BUNDALL 3 N/A N/A $352,500 9.5% 39.3%
BURLEIGH HEADS 28 $361,125 -1.1% $410,000 3.1% 17.1%
BURLEIGH WATERS * 16 $345,000 -4.2% $357,500 -0.7% 23.3%
CARRARA - * f 20 $408,500 -12.2% $427,000 14.8% 17.0%
CLEAR ISLAND WATERS - f 5 N/A N/A $410,500 5.5% 19.9%
COOLANGATTA 27 $450,000 7.8% $470,000 6.8% 6.8%
COOMBABAH * f 18 $302,500 -5.5% $326,500 2.3% 33.3%
COOMERA - f * 4 N/A N/A $339,950 13.4% 43.7%
CURRUMBIN ~ f 10 $391,500 16.9% $405,000 5.2% 4.4%
CURRUMBIN WATERS 8 $317,500 N/A $335,000 3.7% 35.1%
ELANORA ~ 9 $337,000 -7.7% $337,000 3.7% 27.5%
EPHRAIM ISLAND * f 8 $1,077,500 N/A N/A N/A N/A
HELENSVALE - * f 3 N/A N/A $327,500 0.8% 37.0%
HOPE ISLAND - * f 15 $425,000 -2.3% $400,000 -24.5% -24.5%
LABRADOR 38 $335,000 6.9% $325,000 3.2% 27.5%
MAIN BEACH ~ f 17 $610,000 -9.3% $690,000 16.9% 22.2%
MERMAID BEACH ~ f 22 $308,000 -20.0% $385,000 6.8% 16.7%
MERMAID WATERS f 13 $335,000 11.5% $324,000 2.3% 25.1%
MERRIMAC * f 7 $270,000 -5.7% $360,000 14.3% 53.2%
MIAMI * 19 $368,000 0.8% $367,500 -0.7% 14.7%
MUDGEERABA * 11 $320,000 -4.5% $338,500 -0.4% 35.4%
NERANG 16 $292,500 -4.1% $304,000 6.7% 19.2%
ORMEAU 1 N/A N/A $370,500 5.3% 39.9%
OXENFORD ~ 13 $290,000 -5.5% $286,250 -1.3% 30.7%
PACIFIC PINES * 9 $320,000 -15.1% $385,000 6.9% 54.0%
PALM BEACH ~ f * 39 $338,000 4.0% $365,000 -0.5% 26.7%
PARADISE POINT ¹ ~ f 6 N/A N/A $415,000 13.9% 37.2%
REEDY CREEK 8 $302,500 -4.7% $312,000 4.0% 39.0%
ROBINA 30 $437,000 7.9% $453,125 1.8% 29.8%
RUNAWAY BAY ~ f 18 $398,250 -30.4% $436,000 6.2% -11.0%
SOUTHPORT ~ f * 95 $359,000 12.2% $340,000 -6.8% 7.3%
SURFERS PARADISE ~ f * 137 $350,000 -6.7% $370,000 4.2% -3.2%
TUGUN 11 $365,000 4.3% $427,000 1.8% 35.6%
UPPER COOMERA - ~ 14 $345,000 6.8% $347,750 3.2% 13.3%
VARSITY LAKES 25 $391,000 4.8% $390,000 0.5% 16.4%
GOLD COAST CITY (LGA) + * f 58 $280,000 20.8% $255,000 8.5% 30.8%
GOLD COAST CITY (LGA) ^ ~ 18 $440,000 7.3% $470,000 30.6% 9.3%
COOMERA + * f 15 $240,000 -1.2% $245,000 -2.0% 7.7%
HELENSVALE + * f 3 N/A N/A $545,000 87.9% 28.2%
HOPE ISLAND + * f ~ 12 $590,000 -0.4% $422,000 -23.3% -17.3%
ORMEAU * 2 N/A N/A $268,500 22.0% 50.0%
OXENFORD 0 N/A N/A $237,000 3.0% 4.4%
PACIFIC PINES * 5 $232,750 -0.5% $234,000 2.2% 24.6%
PIMPAMA * 4 N/A N/A $214,900 -2.3% 13.1%
REEDY CREEK * 0 N/A N/A $339,900 13.3% 41.6%
UPPER COOMERA + * 9 $270,000 8.0% $246,300 9.5% 33.3%
UNITS & TOWNHOUSES
3 BEDROOM HOUSES
Localities Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS
GOLD COAST CITY COUNCIL AREA $400 1,021 $400 1,012
4208 Jacobs Well/ Ormeau/ Ormeau Hills/ etc. $370 30 $350 24
4209 Coomera/ Pimpama/ Upper Coomera/ Willow Vale $365 70 $360 66
4210 Guanaba/ Maudsland/ Oxenford/ Wongawallan $370 19 $380 22
4211 Carrara/ Highland Park/ Nerang/ Pacific Pines/ etc. $380 128 $380 117
4212 Helensvale/ Hope Island $430 68 $440 48
4213 Bonogin/ Mudgeeraba/ Tallai/ Worongary/ etc. $400 53 $400 54
4214 Arundel/ Ashmore/ Molendinar/ Parkwood $410 97 $395 87
4215 Labrador/ Southport $380 92 $380 101
4216 Biggera Waters/ Paradise Pt/ Runaway Bay/ etc. $390 81 $390 61
4217 Benowa/ Main Beach/ Surfers Paradise/ etc. $480 40 $510 49
4218 Broadbeach/ Mermaid Beach/ Mermaid Wates/ etc. $490 79 $460 78
4220 Burleigh Heads/ Burleigh Waters/ Miami $450 68 $425 70
4221 Elanora/ Palm Beach $425 58 $400 60
4223 Currumbin/ Currumbin Valley/ Currumbin Waters $400 24 $430 23
4224 Tugun $370 8 $390 13
4225 Bilinga/ Coolangatta $390 9 $365 7
4226 Clear Island Waters/ Merrimac/ Robina $420 61 $420 85
4227 Reedy Creek/ Varsity Lakes $405 32 $410 44
GOLD COAST CITY COUNCIL AREA $340 2,472 $340 2,555
4209 Coomera/ Pimpama/ Upper Coomera/ Willow Vale $285 16 $290 5
4210 Guanaba/ Maudsland/ Oxenford/ Wongawallan $265 21 $285 10
4211 Carrara/ Highland Park/ Nerang/ Pacific Pines/ etc. $280 51 $290 42
4212 Helensvale/ Hope Island $360 65 $355 88
4214 Arundel/ Ashmore/ Molendinar/ Parkwood $285 15 $300 12
4215 Labrador/ Southport $330 537 $330 562
4216 Biggera Waters/ Paradise Pt/ Runaway Bay/ etc. $320 163 $320 185
4217 Benowa/ Main Beach/ Surfers Paradise/ etc. $375 511 $380 509
4218 Broadbeach/ Mermaid Beach/ Mermaid Wates/ etc. $340 353 $330 409
4220 Burleigh Heads/ Burleigh Waters/ Miami $335 216 $350 226
4221 Elanora/ Palm Beach $290 154 $300 150
4223 Currumbin/ Currumbin Valley/ Currumbin Waters $350 35 $350 28
4224 Tugun $320 50 $305 48
4225 Bilinga/ Coolangatta $330 136 $300 129
4226 Clear Island Waters/ Merrimac/ Robina $390 81 $380 85
4227 Reedy Creek/ Varsity Lakes $400 63 $400 59
GOLD COAST CITY COUNCIL AREA $365 1,160 $360 992
4208 Jacobs Well/ Ormeau/ Ormeau Hills/ etc. $360 7 $360 14
4209 Coomera/ Pimpama/ Upper Coomera/ Willow Vale $340 132 $330 124
4210 Guanaba/ Maudsland/ Oxenford/ Wongawallan $320 18 $310 12
4211 Carrara/ Highland Park/ Nerang/ Pacific Pines/ etc. $350 173 $345 154
4212 Helensvale/ Hope Island $380 32 $380 38
4213 Bonogin/ Mudgeeraba/ Tallai/ Worongary/ etc. $350 41 $340 38
4214 Arundel/ Ashmore/ Molendinar/ Parkwood $350 50 $360 41
4215 Labrador/ Southport $375 121 $380 110
4216 Biggera Waters/ Paradise Pt/ Runaway Bay/ etc. $360 103 $375 86
4217 Benowa/ Main Beach/ Surfers Paradise/ etc. $450 61 $395 45
4218 Broadbeach/ Mermaid Beach/ Mermaid Wates/ etc. $440 26 $430 21
4220 Burleigh Heads/ Burleigh Waters/ Miami $380 45 $370 36
4221 Elanora/ Palm Beach $400 35 $350 33
4223 Currumbin/ Currumbin Valley/ Currumbin Waters $350 14 $360 15
4224 Tugun $430 56 $450 19
4225 Bilinga/ Coolangatta $400 5 $340 7
4226 Clear Island Waters/ Merrimac/ Robina $400 150 $390 125
4227 Reedy Creek/ Varsity Lakes $380 87 $360 69
3 BEDROOM TOWNHOUSES
2 BEDROOM FLATS/UNITS
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 16
MARKETMONITORQ
UE
EN
SLA
ND
Contents
141
137
121
881
780
799
1373
1177
1064
141
124
147
JUN 10
SEP 10
DEC 10
BRISBANE CITY HOUSE SALES<$350,000 <$500,000 <$1m $1m+
775
815
718
1111
1009
885
424
328
291
14
16
20
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
20
24
20
417
433
376
364
332
318
54
49
37
JUN 10
SEP 10
DEC 10
GOLD COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
46
68
49
348
322
307
226
189
178
40
26
15
JUN 10
SEP 10
DEC 10
SUNSHINE COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
144
181
154
41
42
39
9
8
9
JUN 10
SEP 10
DEC 10
BUNDABERG HOUSE SALES<$350,000 <$500,000 $500,000+
139
166
148
118
165
139
43
55
55
JUN 10
SEP 10
DEC 10
CAIRNS HOUSE SALES<$350,000 <$500,000 $500,000+
182
156
147
48
51
40
15
9
7
JUN 10
SEP 10
DEC 10
FRASER COAST HOUSE SALES<$350,000 <$500,000 $500,000+
64
44
61
109
90
130
25
27
30
JUN 10
SEP 10
DEC 10
GLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+
159
178
170
198
214
234
55
57
63
JUN 10
SEP 10
DEC 10
TOWNSVILLE HOUSE SALES<$350,000 <$500,000 $500,000+
70
77
53
150
148
164
51
54
59
JUN 10
SEP 10
DEC 10
MACKAY HOUSE SALES<$350,000 <$500,000 $500,000+
128
162
142
62
62
59
25
22
18
JUN 10
SEP 10
DEC 10
ROCKHAMPTON HOUSE SALES<$350,000 <$500,000 $500,000+
272
266
230
88
97
110
13
16
27
JUN 10
SEP 10
DEC 10
TOOWOOMBA HOUSE SALES<$350,000 <$500,000 $500,000+
44
41
34
254
265
260
684
628
511
282
270
239
47
37
46
JUN 10
SEP 10
DEC 10
BRISBANE CITY UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
102
113
98
224
231
172
110
71
79
45
38
31
0
4
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
123
104
116
428
374
291
405
282
269
258
191
178
46
50
61
JUN 10
SEP 10
DEC 10
GOLD COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
45
46
58
139
140
125
146
99
102
87
77
84
19
24
15
JUN 10
SEP 10
DEC 10
SUNSHINE COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
28
20
14
14
12
10
4
6
2
3
3
2
JUN 10
SEP 10
DEC 10
BUNDABERG UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
80
119
124
69
56
46
30
32
24
25
21
25
JUN 10
SEP 10
DEC 10
CAIRNS UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
32
20
16
24
14
8
10
4
2
8
6
1
JUN 10
SEP 10
DEC 10
FRASER COAST UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
9
17
13
9
5
13
14
4
19
5
6
6
JUN 10
SEP 10
DEC 10
GLADSTONE UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
23
22
26
38
31
44
19
21
18
12
11
17
JUN 10
SEP 10
DEC 10
TOWNSVILLE UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
14
20
9
12
26
19
9
9
9
8
7
4
JUN 10
SEP 10
DEC 10
MACKAY UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
16
23
16
12
8
18
10
14
14
4
4
2
JUN 10
SEP 10
DEC 10
ROCKHAMPTON UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
47
45
43
22
26
23
5
7
2
2
2
3
JUN 10
SEP 10
DEC 10
TOOWOOMBA UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
54
38
14
49
54
27
36
34
29
15
15
12
JUN 10
SEP 10
DEC 10
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
417
436
277
96
77
76
27
12
17
3
8
14
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
83
52
20
41
25
11
8
1
7
14
6
16
JUN 10
SEP 10
DEC 10
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
52
39
36
47
18
24
15
18
19
11
9
6
JUN 10
SEP 10
DEC 10
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
44
44
58
4
0
4
0
2
2
JUN 10
SEP 10
DEC 10
BUNDABERG LAND SALES<$250,000 <$350,000 $350,000+
56
53
49
8
6
4
3
8
7
JUN 10
SEP 10
DEC 10
CAIRNS LAND SALES<$250,000 <$350,000 $350,000+
57
53
91
3
3
4
1
0
1
JUN 10
SEP 10
DEC 10
FRASER COAST LAND SALES<$250,000 <$350,000 $350,000+
81
57
122
1
4
9
3
2
2
JUN 10
SEP 10
DEC 10
GLADSTONE LAND SALES<$250,000 <$350,000 $350,000+
58
55
59
12
4
7
5
2
4
JUN 10
SEP 10
DEC 10
TOWNSVILLE LAND SALES<$250,000 <$350,000 $350,000+
81
68
37
2
13
7
4
3
5
JUN 10
SEP 10
DEC 10
MACKAY LAND SALES<$250,000 <$350,000 $350,000+
67
70
89
4
3
4
0
0
2
JUN 10
SEP 10
DEC 10
ROCKHAMPTON LAND SALES<$250,000 <$350,000 $350,000+
54
56
114
7
5
2
2
0
1
JUN 10
SEP 10
DEC 10
TOOWOOMBA LAND SALES<$250,000 <$350,000 $350,000+
Median house and unit prices The Toowoomba region continued its strong performance during the last three months of 2010. The median house price increased 6.4 per cent – the second best result for a major region across the state – to $307,500 over the period.
This sound result was partly due to an increase in activity in the sub-$500,000 and the $500,000-plus price bracket compared with the previous quarter.
A number of suburbs and towns in the Toowoomba region recorded increases in preliminary sales numbers, despite a slight easing for the region overall. Centenary Heights topped the list, more than doubling the number of preliminary sales recorded during the previous quarter, with the majority of sales going for under $350,000.
Acreage property for the region experienced an increase in activity, although with fewer prestige homes selling, the overall median price fell 7.1 per cent.
The region’s proximity to the Surat Basin energy province continued to underpin its performance over the period however agents are now reporting lower activity following the tragic flood event of 10 January.
The worst flood-affected properties in Toowoomba itself were mainly located in the commercial precinct, but residents in the region remain traumatised from the flash flood that hit their city.
Given the flooding also affected the mining industry, it is likely that it will take two to three months before that sector’s production levels are back to where they were last year.
Once that happens, it is believed, that Toowoomba’s property market will again be one of the regions of choice for homeowners as well as investors.
The Toowoomba median unit and townhouse price decreased 4.6 per cent to $229,000 over the period with preliminary sales numbers down about 30 per cent on the same period last year.
Given Toowoomba only has a small unit market it is not surprising that it has borne much of the brunt of the economic downturn over the past two years.
Median land prices The Toowoomba median land price decreased 17.3 per cent to $121,500 over the period however preliminary sales numbers were up by 21 per cent on the previous quarter. The drop in median price over the quarter is largely attributed to a new subdivision at Westbrook where lots are selling for around $100,000.
Agents are reporting a number of new subdivisions becoming available as enquiry for vacant land picks up.
This reflects the fact that a number of developers have some confidence in the local land market and the possibility of increased demand, as the mining operations in the Surat Basin ramp up over the medium-term.
tooWooMBA ReGIonAL
Median rents The median rent for a three-bedroom house in Toowoomba increased $10 to $260 per week between December 2010 and December 2009. The median rent for a two-bedroom unit was also up $10 to $200 per week over the same period.
There remains robust demand for rental properties in the region with demand principally coming from university students or new residents to the area. This level of demand is likely to encourage more investors into the market in the months ahead.
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 17
tooWooMBA ReGIonAL
HOUSES
Suburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
VACANT URBAN LANDTOOWOOMBA (LGA) ~ 367 $307,500 6.4% $295,750 5.6% 28.6%
TOOWOOMBA (LGA) ^ ~ 78 $422,500 -7.1% $432,500 8.1% 29.1%
CENTENARY HEIGHTS 25 $292,000 2.5% $296,750 5.0% 26.3%
CROWS NEST 7 $235,000 N/A $242,000 5.2% 42.4%
DARLING HEIGHTS 14 $287,000 -0.7% $304,500 7.8% 23.0%
EAST TOOWOOMBA ~ 19 $400,000 16.6% $366,000 -1.1% 30.9%
GLENVALE 14 $335,750 8.5% $330,000 4.6% 30.6%
GLENVALE ^ 9 $452,500 N/A $470,000 0.3% 20.5%
HARLAXTON 2 N/A N/A $247,000 8.0% 23.5%
HARRISTOWN 27 $255,000 2.0% $262,250 4.9% 23.7%
HIGHFIELDS * 10 $450,500 4.8% $422,500 1.6% 15.8%
HIGHFIELDS ^ ~ 13 $425,000 -3.4% $433,250 -1.4% 21.4%
KEARNEYS SPRING 20 $318,250 -3.6% $315,500 3.8% 21.0%
MERINGANDAN WEST ^ 5 $335,000 N/A $329,500 0.7% 31.8%
MIDDLE RIDGE 27 $430,000 2.1% $442,500 3.0% 27.5%
MOUNT LOFTY ~ 8 $302,500 -7.6% $350,000 3.4% 30.6%
NEWTOWN 23 $247,000 -2.8% $257,000 5.8% 25.7%
NORTH TOOWOOMBA 8 $265,000 8.2% $252,750 6.9% 30.3%
OAKEY ~ 16 $209,000 N/A $233,000 15.1% 55.3%
PITTSWORTH 6 N/A N/A $275,500 4.8% 57.4%
RANGEVILLE ~ 35 $385,000 -10.2% $378,000 2.2% 26.0%
ROCKVILLE 4 N/A N/A $255,000 2.4% 24.1%
SOUTH TOOWOOMBA ~ 13 $320,000 15.0% $274,500 7.1% 33.9%
TOOWOOMBA CITY 5 N/A N/A $268,500 5.3% 18.0%
WESTBROOK 12 $422,000 4.8% $395,000 5.9% 29.1%
WILSONTON 24 $262,000 -3.9% $276,000 4.8% 29.1%
WILSONTON HEIGHTS 8 $242,500 N/A $250,000 6.4% N/A
WYREEMA 2 N/A N/A $279,000 -8.5% 29.8%
TOOWOOMBA (LGA) ~ 71 $229,000 -4.6% $240,000 6.7% 21.5%
EAST TOOWOOMBA ~ * 6 N/A N/A $269,500 26.8% -6.6%
HARRISTOWN * 7 $240,000 N/A $244,750 N/A 55.9%
KEARNEYS SPRING ~ 10 $220,750 -14.9% $250,000 1.4% 5.9%
NEWTOWN 6 N/A N/A $219,000 1.4% 24.8%
RANGEVILLE 4 N/A N/A $299,000 6.8% 32.9%
SOUTH TOOWOOMBA 6 N/A N/A $231,250 N/A 25.0%
UNITS & TOWNHOUSES
2 BEDROOM FLATS/UNITS
3 BEDROOM HOUSES
3 BEDROOM TOWNHOUSES
TOOWOOMBA REGIONAL COUNCIL AREA $260 542 $250 500
4350 Newtown/ Rangeville/ Harristown/ Wilsonton/ etc. $270 413 $255 369
4352 Highfields/ Meringandan/ Preston/ Withcott/ etc. $300 23 $290 28
4354 Douglas/ Goombungee/ Kibirnie $205 5 n.a. 2
4355 Crows Nest/ Glenaven/ Jones Gully/ etc. $210 9 $200 9
4356 Pittsworth/ Bongeen/ Stoneleigh/ etc. $250 13 $220 18
4357 Millmerran/ Bringalily/ Stonehenge/ etc. $215 13 $215 6
4358 Cambooya/ Eton Vale/ Felton/ etc. $220 5 $220 8
4359 Ascot/ Budgee/ Greenmount/ etc. $230 5 n.a. 3
4361 Back Plains/ Clifton/ Sandy Camp/ etc. $200 9 $185 6
4401 Acland/ Biddeston/ Oakey/ etc. $230 31 $235 37
TOOWOOMBA REGIONAL COUNCIL AREA $200 338 $185 317
4350 Newtown/ Rangeville/ Harristown/ Wilsonton/ etc. $200 314 $185 300
4401 Acland/ Biddeston/ Oakey/ etc. $180 10 $175 8
TOOWOOMBA REGIONAL COUNCIL AREA $280 19 $268 24
TOOWOOMBA (LGA) ~ * 74 $121,500 -17.3% $135,000 6.3% 40.6%
TOOWOOMBA (LGA) ^ ~ * 43 $155,000 -2.2% $159,500 -0.3% 35.7%
GLENVALE * 3 N/A N/A $143,000 13.5% 52.1%
GOWRIE JUNCTION ^ * 7 $141,000 N/A $139,000 3.0% N/A
HARRISTOWN * 8 $167,517 N/A $145,000 12.4% N/A
HIGHFIELDS * 2 N/A N/A $145,000 13.7% 28.3%
HIGHFIELDS ^ * 1 N/A N/A $154,750 -4.5% 23.8%
HODGSON VALE ^ * 10 $165,000 0.6% $165,000 N/A 27.0%
KLEINTON * 2 N/A N/A $145,000 12.2% N/A
MERINGANDAN WEST * 3 N/A N/A $110,000 N/A 59.4%
MIDDLE RIDGE ~ * 1 N/A N/A $202,000 23.2% 36.5%
OAKEY * 8 $92,000 N/A N/A N/A N/A
WESTBROOK * 33 $122,500 N/A $125,500 16.7% 50.3%
WILSONTON HEIGHTS * 0 N/A N/A $145,000 N/A N/A
MEDIAN WEEKLY RENTSSuburbs/Localities
Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)Po
stco
de
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 18
MARKETMONITORQ
UE
EN
SLA
ND
Contents
141
137
121
881
780
799
1373
1177
1064
141
124
147
JUN 10
SEP 10
DEC 10
BRISBANE CITY HOUSE SALES<$350,000 <$500,000 <$1m $1m+
775
815
718
1111
1009
885
424
328
291
14
16
20
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
20
24
20
417
433
376
364
332
318
54
49
37
JUN 10
SEP 10
DEC 10
GOLD COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
46
68
49
348
322
307
226
189
178
40
26
15
JUN 10
SEP 10
DEC 10
SUNSHINE COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
144
181
154
41
42
39
9
8
9
JUN 10
SEP 10
DEC 10
BUNDABERG HOUSE SALES<$350,000 <$500,000 $500,000+
139
166
148
118
165
139
43
55
55
JUN 10
SEP 10
DEC 10
CAIRNS HOUSE SALES<$350,000 <$500,000 $500,000+
182
156
147
48
51
40
15
9
7
JUN 10
SEP 10
DEC 10
FRASER COAST HOUSE SALES<$350,000 <$500,000 $500,000+
64
44
61
109
90
130
25
27
30
JUN 10
SEP 10
DEC 10
GLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+
159
178
170
198
214
234
55
57
63
JUN 10
SEP 10
DEC 10
TOWNSVILLE HOUSE SALES<$350,000 <$500,000 $500,000+
70
77
53
150
148
164
51
54
59
JUN 10
SEP 10
DEC 10
MACKAY HOUSE SALES<$350,000 <$500,000 $500,000+
128
162
142
62
62
59
25
22
18
JUN 10
SEP 10
DEC 10
ROCKHAMPTON HOUSE SALES<$350,000 <$500,000 $500,000+
272
266
230
88
97
110
13
16
27
JUN 10
SEP 10
DEC 10
TOOWOOMBA HOUSE SALES<$350,000 <$500,000 $500,000+
44
41
34
254
265
260
684
628
511
282
270
239
47
37
46
JUN 10
SEP 10
DEC 10
BRISBANE CITY UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
102
113
98
224
231
172
110
71
79
45
38
31
0
4
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
123
104
116
428
374
291
405
282
269
258
191
178
46
50
61
JUN 10
SEP 10
DEC 10
GOLD COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
45
46
58
139
140
125
146
99
102
87
77
84
19
24
15
JUN 10
SEP 10
DEC 10
SUNSHINE COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
28
20
14
14
12
10
4
6
2
3
3
2
JUN 10
SEP 10
DEC 10
BUNDABERG UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
80
119
124
69
56
46
30
32
24
25
21
25
JUN 10
SEP 10
DEC 10
CAIRNS UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
32
20
16
24
14
8
10
4
2
8
6
1
JUN 10
SEP 10
DEC 10
FRASER COAST UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
9
17
13
9
5
13
14
4
19
5
6
6
JUN 10
SEP 10
DEC 10
GLADSTONE UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
23
22
26
38
31
44
19
21
18
12
11
17
JUN 10
SEP 10
DEC 10
TOWNSVILLE UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
14
20
9
12
26
19
9
9
9
8
7
4
JUN 10
SEP 10
DEC 10
MACKAY UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
16
23
16
12
8
18
10
14
14
4
4
2
JUN 10
SEP 10
DEC 10
ROCKHAMPTON UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
47
45
43
22
26
23
5
7
2
2
2
3
JUN 10
SEP 10
DEC 10
TOOWOOMBA UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
Median house and unit prices The Sunshine Coast’s market over the December quarter can be described as “steady as she goes” however there was decrease in activity over the past month following the Queensland floods.
The Sunshine Coast’s median house price decreased 1.1 per cent to $450,000 over the quarter.
Over the majority of last year, the Sunshine Coast market was defined by a steady level of enquiry and sales, but there was a distinct lack of confidence amongst buyers given the uncertain economic conditions at the time.
Since Christmas and the floods in January, activity is predominantly from local buyers who are mostly upgrading or downgrading.
Over the past month, there has been a marked reduction in interstate buyers and migrants given the widespread national media coverage that the floods received, even though the Sunshine Coast was not affected.
Sellers have also been adopting a more realistic attitude to what sale price they can achieve for their property, which is helping to underpin the current market.
Despite easing market conditions, a number of areas performed well over the quarter and year. Doonan, Black Mountain and Mooloolah Valley all recorded increases in the preliminary number of sales over the year.
On the coast, Pelican Waters and Peregian Springs both recorded an increase in both preliminary sales and median house price over the year. Waterfront property sales over the quarter in Pelican Waters also resulted in an upward swing in the quarterly median.
Prestige property at Sunshine Beach with ocean and beach-views continue to sell, providing a strong growth over the year. However a bumper year in 2005 for the prestige market, where six sales over $2 million were recorded, has masked the real growth in prices over the past five years.
The Sunshine Coast median unit and townhouse price increased by 0.7 per cent to $450,000 over the quarter with sales numbers steady.
Median land prices The median price of land on the Sunshine Coast decreased 5 per cent to $240,000 over the quarter with preliminary sales numbers for land on less than 2,400m2 down about 27 per cent on the previous quarter.
Agents are reporting that the development of new residential subdivisions on the Sunshine Coast has stalled due to issues with development approvals and the high cost of developing land on the coast.
sUnsHIne CoAst ReGIonAL
Median rents The median rent for a three-bedroom house on the Sunshine Coast increased $5 to $365 per week between December 2010 and December 2009. The median rent for a two-bedroom unit increased $10 to $300 per week over the same period.
Gross rental yields improved slightly for houses up 0.1 percentage points to 4.2 per cent. The unit market however is returning a slightly higher yield of 4.4 per cent for the December quarter 2010.
54
38
14
49
54
27
36
34
29
15
15
12
JUN 10
SEP 10
DEC 10
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
417
436
277
96
77
76
27
12
17
3
8
14
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
83
52
20
41
25
11
8
1
7
14
6
16
JUN 10
SEP 10
DEC 10
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
52
39
36
47
18
24
15
18
19
11
9
6
JUN 10
SEP 10
DEC 10
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
44
44
58
4
0
4
0
2
2
JUN 10
SEP 10
DEC 10
BUNDABERG LAND SALES<$250,000 <$350,000 $350,000+
56
53
49
8
6
4
3
8
7
JUN 10
SEP 10
DEC 10
CAIRNS LAND SALES<$250,000 <$350,000 $350,000+
57
53
91
3
3
4
1
0
1
JUN 10
SEP 10
DEC 10
FRASER COAST LAND SALES<$250,000 <$350,000 $350,000+
81
57
122
1
4
9
3
2
2
JUN 10
SEP 10
DEC 10
GLADSTONE LAND SALES<$250,000 <$350,000 $350,000+
58
55
59
12
4
7
5
2
4
JUN 10
SEP 10
DEC 10
TOWNSVILLE LAND SALES<$250,000 <$350,000 $350,000+
81
68
37
2
13
7
4
3
5
JUN 10
SEP 10
DEC 10
MACKAY LAND SALES<$250,000 <$350,000 $350,000+
67
70
89
4
3
4
0
0
2
JUN 10
SEP 10
DEC 10
ROCKHAMPTON LAND SALES<$250,000 <$350,000 $350,000+
54
56
114
7
5
2
2
0
1
JUN 10
SEP 10
DEC 10
TOOWOOMBA LAND SALES<$250,000 <$350,000 $350,000+
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 19
sUnsHIne CoAst ReGIonAL
HOUSES
Suburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
UNITS & TOWNHOUSESSUNSHINE COAST (LGA) 549 $450,000 -1.1% $470,000 3.3% 22.1%
SUNSHINE COAST (LGA) ^ 122 $569,500 4.1% $580,000 5.5% 25.3%
ALEXANDRA HEADLAND ~ 7 $685,000 12.3% $685,000 -3.5% 44.2%
AROONA 8 $418,750 N/A $424,500 1.0% 20.6%
BATTERY HILL 8 $444,500 -1.3% $435,000 10.4% 22.9%
BEERWAH ~ 9 $390,000 2.6% $405,000 1.3% 45.9%
BLACK MOUNTAIN ^ 4 N/A N/A $507,500 N/A 22.1%
BLI BLI 16 $411,500 3.5% $406,250 2.1% 25.8%
BUDDINA 6 N/A N/A $630,000 9.3% 31.8%
BUDERIM ~ 63 $483,000 -14.1% $530,000 1.0% 24.7%
BUDERIM ^ ~ 1 N/A N/A $952,500 41.1% 28.4%
BURNSIDE 8 $380,250 4.8% $376,500 1.8% 35.9%
CALOUNDRA WEST 8 $406,000 -2.4% $431,250 2.7% 23.9%
COOLUM BEACH 16 $472,500 4.4% $481,250 2.4% 14.9%
COORAN ^ 8 $449,000 N/A N/A N/A N/A
COOROY 3 N/A N/A $429,500 8.2% 34.2%
CURRIMUNDI ~ 16 $403,000 -7.9% $430,000 0.8% 21.5%
DICKY BEACH 6 N/A N/A $520,000 N/A N/A
DOONAN ^ ~ 10 $660,000 17.9% $712,000 13.0% 24.8%
GLASS HOUSE MOUNTAINS ~ 11 $400,000 -5.9% $430,000 -2.3% 32.3%
GOLDEN BEACH ~ 8 $417,500 -5.2% $447,500 0.6% 19.3%
KULUIN 5 N/A N/A $405,000 2.0% 24.6%
LANDSBOROUGH 5 N/A N/A $380,000 4.1% 33.3%
LITTLE MOUNTAIN 19 $450,500 0.1% $470,000 0.0% 27.4%
MALENY 4 N/A N/A $438,750 0.4% 31.8%
MALENY ^ 4 N/A N/A $629,000 5.3% 29.7%
MARCOOLA ~ f 3 N/A N/A $476,000 9.4% 4.6%
MAROOCHYDORE 18 $491,500 2.4% $478,000 8.6% 24.2%
MERIDAN PLAINS 7 $470,000 N/A $446,250 3.8% 12.6%
MINYAMA ~ f 1 N/A N/A $730,000 -24.0% 39.0%
MOFFAT BEACH ~ 7 $540,000 N/A $589,000 19.1% 49.3%
MOOLOOLABA ~ f 11 $518,100 -33.1% $590,000 1.7% 21.6%
MOOLOOLAH VALLEY ^ ~ 10 $549,750 N/A $530,000 6.0% 23.3%
MOUNT COOLUM 10 $461,000 N/A $475,000 1.6% 21.8%
MOUNTAIN CREEK 17 $500,000 8.3% $497,450 4.2% 28.5%
NAMBOUR ~ 26 $327,250 -2.3% $340,000 -1.4% 29.0%
NOOSA HEADS ~ f 9 $857,000 2.6% $650,000 0.0% 0.0%
NOOSAVILLE ~ f 10 $641,500 1.8% $702,000 -4.4% -8.4%
PACIFIC PARADISE 4 N/A N/A $395,000 8.2% 39.6%
PALMWOODS 10 $435,000 1.2% $443,500 3.1% 22.5%
PARREARRA 18 $558,250 8.9% $545,000 5.3% 13.5%
PELICAN WATERS ~ f 17 $710,000 11.4% $661,000 10.2% 25.0%
PEREGIAN BEACH ~ f 3 N/A N/A $645,000 16.2% 7.5%
PEREGIAN SPRINGS ~ 11 $545,000 12.7% $525,000 4.0% N/A
POMONA ^ 3 N/A N/A $540,000 8.0% 45.9%
SIPPY DOWNS ~ * 23 $421,000 -6.4% $444,250 3.3% 23.4%
SUNRISE BEACH ~ 4 N/A N/A $553,750 -8.5% -8.8%
SUNSHINE BEACH ~ f 6 N/A N/A $922,500 23.0% -12.1%
TEWANTIN ~ 26 $435,000 -5.3% $455,000 5.1% 26.4%
TWIN WATERS 4 N/A N/A $685,000 6.4% 21.2%
WARANA ~ 11 $425,000 -6.1% $465,000 -3.4% 14.8%
WOOMBYE 10 $420,000 N/A $425,000 12.1% 36.7%
WURTULLA ~ 16 $426,506 -7.3% $477,000 3.2% 29.3%
SUNSHINE COAST (LGA) 384 $357,500 0.7% $368,950 3.2% 10.1%
ALEXANDRA HEADLAND 23 $350,000 0.0% $345,000 7.8% 4.5%
BUDDINA 4 N/A N/A $390,000 1.3% 4.0%
BUDERIM * 15 $390,000 3.6% $390,000 10.6% 36.8%
CALOUNDRA * f 26 $422,500 2.4% $428,000 12.6% 5.7%
CALOUNDRA WEST * 4 N/A N/A $325,000 5.2% 34.0%
COOLUM BEACH * f 14 $355,000 -5.8% $376,000 8.2% 5.9%
GOLDEN BEACH f 17 $360,000 -5.3% $363,000 3.7% 4.5%
KINGS BEACH ~ f 16 $355,500 -15.2% $418,750 -0.3% 16.3%
MARCOOLA * f 4 N/A N/A $359,000 3.8% -1.0%
MAROOCHYDORE ~ f * 48 $362,500 9.2% $365,000 4.1% 7.4%
MOOLOOLABA ~ f 33 $350,000 -12.7% $383,750 6.6% 8.1%
MOUNT COOLUM 7 $335,000 N/A $340,000 6.3% 18.8%
NAMBOUR - * 5 N/A N/A $296,500 15.8% 52.1%
NOOSA HEADS - * f 27 $568,500 -11.2% $560,000 -0.9% -16.4%
NOOSAVILLE - ~ f 26 $345,500 6.3% $368,000 3.7% 10.8%
PELICAN WATERS * 6 N/A N/A $455,000 1.1% 3.5%
PEREGIAN BEACH ~ f 7 $370,000 N/A $370,000 -16.7% -8.6%
PEREGIAN SPRINGS - * 6 N/A N/A $412,900 1.2% N/A
SIPPY DOWNS ~ * 5 N/A N/A $230,000 17.2% 5.7%
SUNSHINE BEACH ~ f 14 $552,500 N/A $530,000 -2.2% -5.4%
TEWANTIN ~ f 3 N/A N/A $285,000 -7.3% 19.5%
WARANA 6 N/A N/A $316,750 0.9% 19.5%
SUNSHINE COAST (LGA) * f 61 $240,000 -5.0% $259,950 6.1% 18.2%
SUNSHINE COAST (LGA) ^ ~ 24 $365,000 -1.4% $365,000 10.6% 18.1%
BEERWAH 4 N/A N/A $187,250 0.9% 21.6%
BIRTINYA * 4 N/A N/A $324,000 N/A N/A
BUDERIM ~ 2 N/A N/A $270,500 -1.2% 10.4%
COES CREEK * 1 N/A N/A $186,250 N/A N/A
COOLUM BEACH * 1 N/A N/A $328,000 25.0% 25.0%
LITTLE MOUNTAIN * 2 N/A N/A $245,000 -3.2% 28.9%
MALENY * 3 N/A N/A $217,500 -1.1% 8.8%
MOUNT COOLUM * f 3 N/A N/A $389,000 13.7% 16.1%
MOUNTAIN CREEK * 0 N/A N/A $256,000 13.8% N/A
NOOSAVILLE 4 N/A N/A $303,000 3.9% N/A
PELICAN WATERS 3 N/A N/A $345,000 7.8% 16.9%
PEREGIAN SPRINGS + * 6 $240,000 -3.0% $265,000 -3.6% -5.4%
WOOMBYE * 7 $210,000 -8.7% $230,000 8.5% 39.8%
VACANT URBAN LAND
3 BEDROOM HOUSES
MEDIAN WEEKLY RENTSSuburbs/Localities
Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)Po
stco
de
SUNSHINE COAST REGIONAL COUNCIL AREA $365 984 $360 1,060
Caloundra (coastal region) $370 264 $360 276
4551 Currimundi/ Golden Beach/ Moffat Beach/ etc. $355 143 $350 166
4575 Bokarina/ Minyama/ Parrearra/ Wurtulla/ etc. $380 121 $365 110
Caloundra (inland region) $330 88 $320 77
4518 Glass House Mountains $330 11 $320 8
4519 Beerwah/ Coochin Creek/ Peachester/ etc. $320 24 $315 18
4550 Landsborough/ Mt Mellum $330 10 $320 12
4552 Conondale/ Maleny/ Reesville/ Witta/ etc. $340 27 $325 23
4553 Glenview/ Mooloolah Valley/ Palmview/ etc. $345 14 $350 15
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 20
MARKETMONITORQ
UE
EN
SLA
ND
ContentssUnsHIne CoAst ReGIonAL
3 BEDROOM TOWNHOUSES
Suburbs/Localities
Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS
2 BEDROOM FLATS/UNITS continued3 BEDROOM HOUSES continued
Suburbs/Localities
Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS
Maroochy (coastal region) $370 445 $360 457
4555 Chevallum/ Hunchy/ Palmwoods $365 16 $345 20
4556 Buderim/ Forest Glen/ Sippy Downs/ Tanawha/ etc. $385 80 $360 119
4557 Mooloolaba/ Mountain Creek $395 49 $390 42
4558 Kuluin/ Maroochydore $370 57 $360 46
4559 Diddillibah/ Kiels Mountain/ Woombye/ etc. $350 13 n.a. 4
4560 Bli Bli/ Burnside/ Montville/ Nambour/ etc. $340 91 $330 95
4564 Marcoola/ Mudjimba/ Pacific Paradise/ etc. $375 44 $360 34
4572 Alexandra Headland $380 7 $370 9
4573 Coolum Beach/ Peregian Springs/ Yaroomba/ etc. $380 88 $370 88
Maroochy (inland region) $360 32 $360 40
4561 Ninderry/ North Arm/ Yandina/ Yandina Creek/ etc. $360 6 $330 14
4562 Belli Park/ Doonan/ Eerwah Vale/ Eumundi/ etc. $380 18 $375 16
Noosa (coastal region) $390 113 $370 165
4565 Boreen Point/Cootharaba/ Tewantin/ etc. $360 55 $350 72
4566 Noosaville $405 16 $420 35
4567 Noosa Heads/ Sunrise Bch/ Sunshine Bch/ etc. $425 42 $420 58
Noosa (inland region) $320 42 $330 45
4563 Black Mountain/ Cooroy/ Lake Macdonald/ etc. $330 24 $350 20
4568 Federal/ Pinbarren/ Pomona $320 10 $350 12
4569 Cooran $280 6 $290 10
SUNSHINE COAST REGIONAL COUNCIL AREA $300 870 $290 904
Caloundra (coastal region) $295 217 $280 213
4551 Currimundi/ Golden Beach/ Moffat Beach/ etc. $285 150 $280 165
4575 Bokarina/ Minyama/ Parrearra/ Wurtulla/ etc. $365 67 $330 48
Caloundra (inland region) $280 5 $200 7
Maroochy (coastal region) $300 528 $290 566
4556 Buderim/ Forest Glen/ Sippy Downs/ Tanawha/ etc. $290 33 $280 39
4557 Mooloolaba/ Mountain Creek $295 87 $280 135
4558 Kuluin/ Maroochydore $310 175 $290 156
4559 Diddillibah/ Kiels Mountain/ Woombye/ etc. $270 11 $260 11
4560 Bli Bli/ Burnside/ Montville/ Nambour/ etc. $240 41 $230 39
4564 Marcoola/ Mudjimba/ Pacific Paradise/ etc. $330 58 $320 59
4572 Alexandra Headland $340 58 $320 54
4573 Coolum Beach/ Peregian Springs/ Yaroomba/ etc. $300 63 $285 72
Maroochy (inland region) $190 6 $250 5
Noosa (coastal region) $320 111 $310 111
4565 Boreen Point/Cootharaba/ Tewantin/ etc. $295 10 $285 6
4566 Noosaville $320 37 $300 45
4567 Noosa Heads/ Sunrise Bch/ Sunshine Bch/ etc. $320 64 $320 60
Noosa (inland region) n.a. 3 n.a. 2
SUNSHINE COAST REGIONAL COUNCIL AREA $360 180 $350 182
Caloundra (coastal region) $320 32 $330 46
4551 Currimundi/ Golden Beach/ Moffat Beach/ etc. $320 23 $320 36
4575 Bokarina/ Minyama/ Parrearra/ Wurtulla/ etc. $350 9 $350 10
Caloundra (inland region) $300 6 $300 17
Maroochy (coastal region) $360 113 $350 91
4556 Buderim/ Forest Glen/ Sippy Downs/ Tanawha/ etc. $365 27 $350 25
4557 Mooloolaba/ Mountain Creek $370 8 $350 10
4558 Kuluin/ Maroochydore $340 32 $330 15
4560 Bli Bli/ Burnside/ Montville/ Nambour/ etc. $340 7 $320 8
4564 Marcoola/ Mudjimba/ Pacific Paradise/ etc. $385 16 $360 20
4573 Coolum Beach/ Peregian Springs/ Yaroomba/ etc. $375 22 $320 9
Maroochy (inland region) n.a. 0 n.a. 0
Noosa (coastal region) $435 27 $425 28
4566 Noosaville $400 16 $380 12
4567 Noosa Heads/ Sunrise Bch/ Sunshine Bch/ etc. $450 10 $450 15
Noosa (inland region) n.a. 2 n.a. 0
2 BEDROOM FLATS/UNITS
FRAseR CoAst ReGIonAL
Median house and unit prices The Fraser Coast residential property market continued its steady run in the last three months of the year, recording a 0.3 per cent median house price increase to $298,250 over the quarter.
The median house price in Maryborough increased 16.2 per cent to $247,000 over the quarter, partly due to the varying quality of stock that sold over that time.
According to local agents, the December quarter was a continuation of the relatively flat market conditions that the region experienced for most of last year, although activity in November did strengthen.
Since the floods, however, demand and enquiry have reduced quite markedly with some agents reporting nervousness amongst potential buyers, especially those from interstate.
Most of the activity has been from local owner-occupiers with sellers also becoming more realistic about what price they can achieve in the current market.
This is especially true for seller of older homes in Hervey Bay as it is still possible to purchase a new home for under $350,000 in the area.
Tourism had also been impacted over recent weeks, with some tourism operators reporting bookings being cancelled due to a perception that the Fraser Coast is located in a cyclone zone.
The median unit and townhouse price on the Fraser Coast decreased 4.4 per cent to $233,000 over the quarter.
The Fraser Coast grappled with an oversupply of units for most of last year with sellers eventually having to lower their price expectations in order to make a sale.
Agents are now reporting that the unit market appears to have now corrected itself with fewer properties currently on the market.
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 21
FRAseR CoAst ReGIonAL
141
137
121
881
780
799
1373
1177
1064
141
124
147
JUN 10
SEP 10
DEC 10
BRISBANE CITY HOUSE SALES<$350,000 <$500,000 <$1m $1m+
775
815
718
1111
1009
885
424
328
291
14
16
20
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
20
24
20
417
433
376
364
332
318
54
49
37
JUN 10
SEP 10
DEC 10
GOLD COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
46
68
49
348
322
307
226
189
178
40
26
15
JUN 10
SEP 10
DEC 10
SUNSHINE COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
144
181
154
41
42
39
9
8
9
JUN 10
SEP 10
DEC 10
BUNDABERG HOUSE SALES<$350,000 <$500,000 $500,000+
139
166
148
118
165
139
43
55
55
JUN 10
SEP 10
DEC 10
CAIRNS HOUSE SALES<$350,000 <$500,000 $500,000+
182
156
147
48
51
40
15
9
7
JUN 10
SEP 10
DEC 10
FRASER COAST HOUSE SALES<$350,000 <$500,000 $500,000+
64
44
61
109
90
130
25
27
30
JUN 10
SEP 10
DEC 10
GLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+
159
178
170
198
214
234
55
57
63
JUN 10
SEP 10
DEC 10
TOWNSVILLE HOUSE SALES<$350,000 <$500,000 $500,000+
70
77
53
150
148
164
51
54
59
JUN 10
SEP 10
DEC 10
MACKAY HOUSE SALES<$350,000 <$500,000 $500,000+
128
162
142
62
62
59
25
22
18
JUN 10
SEP 10
DEC 10
ROCKHAMPTON HOUSE SALES<$350,000 <$500,000 $500,000+
272
266
230
88
97
110
13
16
27
JUN 10
SEP 10
DEC 10
TOOWOOMBA HOUSE SALES<$350,000 <$500,000 $500,000+
44
41
34
254
265
260
684
628
511
282
270
239
47
37
46
JUN 10
SEP 10
DEC 10
BRISBANE CITY UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
102
113
98
224
231
172
110
71
79
45
38
31
0
4
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
123
104
116
428
374
291
405
282
269
258
191
178
46
50
61
JUN 10
SEP 10
DEC 10
GOLD COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
45
46
58
139
140
125
146
99
102
87
77
84
19
24
15
JUN 10
SEP 10
DEC 10
SUNSHINE COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
28
20
14
14
12
10
4
6
2
3
3
2
JUN 10
SEP 10
DEC 10
BUNDABERG UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
80
119
124
69
56
46
30
32
24
25
21
25
JUN 10
SEP 10
DEC 10
CAIRNS UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
32
20
16
24
14
8
10
4
2
8
6
1
JUN 10
SEP 10
DEC 10
FRASER COAST UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
9
17
13
9
5
13
14
4
19
5
6
6
JUN 10
SEP 10
DEC 10
GLADSTONE UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
23
22
26
38
31
44
19
21
18
12
11
17
JUN 10
SEP 10
DEC 10
TOWNSVILLE UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
14
20
9
12
26
19
9
9
9
8
7
4
JUN 10
SEP 10
DEC 10
MACKAY UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
16
23
16
12
8
18
10
14
14
4
4
2
JUN 10
SEP 10
DEC 10
ROCKHAMPTON UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
47
45
43
22
26
23
5
7
2
2
2
3
JUN 10
SEP 10
DEC 10
TOOWOOMBA UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
Median land prices The median price of land on the Fraser Coast increased 7.7 per cent to $182,500 over the quarter. Preliminary sales of land on less than 2,400m2 were down 22 per cent on the previous quarter.
Agents are reporting that there remains plenty of land available in the region with demand mostly coming from second and third tier buyers looking to upgrade.
Acreage land sales in Glenwood continue to be the most popular choice for those looking to build. With a median of $80,000 for the 2010 calender year, and a 30 minute drive north of Gympie, buyers are attracted to the area for country lifestyle at affordable prices.
Some residential subdivisions are offering smaller blocks of land, which is providing more affordable stock to the market.
Median rents The median rent for a three-bedroom house on the Fraser Coast increased $5 to $255 per week between December 2010 and December 2009. The median rent for a two-bedroom unit increased $10 to $210 per week over the same period.
Demand for rental properties in the region remains robust especially from new residents to the area. The region’s vacancy rate continues to be relatively low.
HOUSES VACANT URBAN LAND
Suburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
FRASER COAST (LGA) 194 $298,250 0.3% $305,000 1.7% 22.0%
FRASER COAST (LGA) ^ 36 $350,500 -3.8% $383,500 6.5% 24.3%
ELI WATERS 3 N/A N/A $327,000 -1.2% 22.0%
GLENWOOD ^ 4 N/A N/A $220,000 2.3% 44.7%
GRANVILLE ~ 5 N/A N/A $217,500 -6.0% 17.6%
KAWUNGAN 14 $337,500 2.3% $325,000 -0.5% 4.8%
MARYBOROUGH ~ 43 $247,000 16.2% $230,000 -1.3% 31.4%
PIALBA ~ f 7 $290,000 -11.2% $295,250 7.4% 14.9%
POINT VERNON ~ 19 $305,000 -8.1% $315,000 1.2% 17.1%
SCARNESS 4 N/A N/A $283,500 -2.2% 9.5%
TINANA 8 $340,750 -1.5% $310,000 6.9% 27.6%
TINANA ^ 0 N/A N/A $422,500 3.5% 41.1%
TOOGOOM 2 N/A N/A $307,985 -3.0% 14.1%
TORQUAY ~ 11 $299,000 -8.3% $320,513 0.9% 12.5%
URANGAN 26 $315,000 -2.9% $325,648 3.9% 17.6%
URRAWEEN ~ 15 $330,000 -5.7% $336,450 -3.9% 16.0%
WONDUNNA 6 N/A N/A $460,000 -0.9% 16.3%
FRASER COAST (LGA) - * f 23 $230,000 -15.4% $275,000 0.0% 7.8%
PIALBA - * f 6 N/A N/A $247,500 -13.1% 3.7%
TORQUAY * f 5 N/A N/A $254,000 -5.3% -5.9%
URANGAN * 5 N/A N/A $325,000 0.9% 27.5%
FRASER COAST (LGA) 49 $163,000 5.2% $155,000 4.0% 24.0%
FRASER COAST (LGA) ^ ~ * 47 $97,500 2.6% $102,475 -18.7% 76.7%
BURRUM HEADS * 2 N/A N/A $149,000 -1.7% 22.6%
DUNDOWRAN BEACH 8 $167,500 N/A N/A N/A N/A
ELI WATERS 7 $180,000 N/A N/A N/A N/A
GLENWOOD ^ * 24 $80,500 -1.8% $80,000 0.0% 77.8%
OWANYILLA ^ * 8 $193,500 N/A N/A N/A N/A
RIVER HEADS 1 N/A N/A $160,000 3.2% 33.3%
TOOGOOM * f 4 N/A N/A $155,000 12.7% 6.9%
URRAWEEN * 7 $169,500 N/A $169,500 4.8% 25.6%
WONDUNNA * 3 N/A N/A $175,000 2.9% 17.6%54
38
14
49
54
27
36
34
29
15
15
12
JUN 10
SEP 10
DEC 10
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
417
436
277
96
77
76
27
12
17
3
8
14
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
83
52
20
41
25
11
8
1
7
14
6
16
JUN 10
SEP 10
DEC 10
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
52
39
36
47
18
24
15
18
19
11
9
6
JUN 10
SEP 10
DEC 10
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
44
44
58
4
0
4
0
2
2
JUN 10
SEP 10
DEC 10
BUNDABERG LAND SALES<$250,000 <$350,000 $350,000+
56
53
49
8
6
4
3
8
7
JUN 10
SEP 10
DEC 10
CAIRNS LAND SALES<$250,000 <$350,000 $350,000+
57
53
91
3
3
4
1
0
1
JUN 10
SEP 10
DEC 10
FRASER COAST LAND SALES<$250,000 <$350,000 $350,000+
81
57
122
1
4
9
3
2
2
JUN 10
SEP 10
DEC 10
GLADSTONE LAND SALES<$250,000 <$350,000 $350,000+
58
55
59
12
4
7
5
2
4
JUN 10
SEP 10
DEC 10
TOWNSVILLE LAND SALES<$250,000 <$350,000 $350,000+
81
68
37
2
13
7
4
3
5
JUN 10
SEP 10
DEC 10
MACKAY LAND SALES<$250,000 <$350,000 $350,000+
67
70
89
4
3
4
0
0
2
JUN 10
SEP 10
DEC 10
ROCKHAMPTON LAND SALES<$250,000 <$350,000 $350,000+
54
56
114
7
5
2
2
0
1
JUN 10
SEP 10
DEC 10
TOOWOOMBA LAND SALES<$250,000 <$350,000 $350,000+
UNITS & TOWNHOUSES
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 22
MARKETMONITORQ
UE
EN
SLA
ND
ContentsFRAseR CoAst ReGIonAL
BUnDABeRG ReGIonAL
3 BEDROOM HOUSES
Suburbs/Localities
Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS
3 BEDROOM TOWNHOUSES
Suburbs/Localities
Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS
FRASER COAST REGIONAL COUNCIL AREA $255 333 $250 379
4650 Maryborough region $240 110 $240 128
Hervey Bay region $260 223 $255 251
4655 Hervey Bay/ Pialba/ Scarness/ Urangan $265 209 $255 237
4659 Burrum/ Burrum Heads/ Howard $230 11 $240 11
FRASER COAST REGIONAL COUNCIL AREA $210 191 $200 200
4650 Maryborough region $180 46 $165 55
Hervey Bay region $220 145 $220 145
4655 Hervey Bay/ Pialba/ Scarness/ Urangan $220 141 $220 140
FRASER COAST REGIONAL COUNCIL AREA $280 44 $275 50
4650 Maryborough region n.a. 1 $245 5
Hervey Bay region $285 43 $280 45
4655 Hervey Bay/ Pialba/ Scarness/ Urangan $285 43 $280 45
2 BEDROOM HOUSES
Median house and unit prices Bundaberg recorded the third top performance for median house price growth of all major regions over the December quarter.
Bundaberg’s median house price increased 4.9 per cent to $285,250 over the period.
According to local agents, the region’s popularity with lifestyle buyers was continuing to underpin its performance.
Many people continue to migrate to the region - especially from southern states - in search of its lifestyle and agreeable climate, plus Bundaberg, according to one agent, has the “bread and butter property prices of Queensland”.
There was a slight slow-down after the floods but activity has rebounded to where it was at the end of last year.
Over the December quarter specifically, activity was strongest amongst investors and up-graders, but there were also sales to people looking to downgrade.
Sellers have also reportedly taken heed of the current economic conditions and have adjusted their price expectations to make a sale.
Investment activity also continues to be healthy, with sales to local and interstate investors continuing to take place.
Steady performers over the December quarter include Avenell Heights which recorded a 3.8 per cent median house price rise to $275,000, and Avoca which is up 4.9 per cent to $320,000.
The median unit and townhouse price decreased 1.1 per cent to $247,500 over the quarter.
The Bundaberg unit market had been impacted by an oversupply over last year but that is starting to clear as sellers adjust their prices to meet the market.
Units in Bundaberg only accounted for around 15 per cent of all residential sales over the 2010 calender year, with Bargara being the only locality to record more than 25 preliminary sales over the period.
Median land prices The median price of land decreased 3.3 per cent to $132,000 over the December quarter. Preliminary sales numbers for land on less than 2,400 sqm were down 11 per cent on the previous quarter, but stable compared to the previous year.
Sales in the Bundaberg land market continue to be driven by existing homeowners looking to upgrade to a new home in a new subdivision. First home buyers in Bundaberg generally purchase existing properties which are more affordable than building their first home.
Median rents The median rent for a three-bedroom house in Bundaberg increased $5 to $265 per week between December 2010 and December 2009. The median rent for a two-bedroom unit increased $10 to $200 per week over the same period.
Gross rental yields in Bundaberg held steady for the unit market at 4.3 per cent over the December quarter, while houses eased 0.2 percentage points to 4.8 per cent as a result of the healthy increase in the median house price in comparison to median rents.
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 23
BUnDABeRG ReGIonAL
141
137
121
881
780
799
1373
1177
1064
141
124
147
JUN 10
SEP 10
DEC 10
BRISBANE CITY HOUSE SALES<$350,000 <$500,000 <$1m $1m+
775
815
718
1111
1009
885
424
328
291
14
16
20
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
20
24
20
417
433
376
364
332
318
54
49
37
JUN 10
SEP 10
DEC 10
GOLD COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
46
68
49
348
322
307
226
189
178
40
26
15
JUN 10
SEP 10
DEC 10
SUNSHINE COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
144
181
154
41
42
39
9
8
9
JUN 10
SEP 10
DEC 10
BUNDABERG HOUSE SALES<$350,000 <$500,000 $500,000+
139
166
148
118
165
139
43
55
55
JUN 10
SEP 10
DEC 10
CAIRNS HOUSE SALES<$350,000 <$500,000 $500,000+
182
156
147
48
51
40
15
9
7
JUN 10
SEP 10
DEC 10
FRASER COAST HOUSE SALES<$350,000 <$500,000 $500,000+
64
44
61
109
90
130
25
27
30
JUN 10
SEP 10
DEC 10
GLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+
159
178
170
198
214
234
55
57
63
JUN 10
SEP 10
DEC 10
TOWNSVILLE HOUSE SALES<$350,000 <$500,000 $500,000+
70
77
53
150
148
164
51
54
59
JUN 10
SEP 10
DEC 10
MACKAY HOUSE SALES<$350,000 <$500,000 $500,000+
128
162
142
62
62
59
25
22
18
JUN 10
SEP 10
DEC 10
ROCKHAMPTON HOUSE SALES<$350,000 <$500,000 $500,000+
272
266
230
88
97
110
13
16
27
JUN 10
SEP 10
DEC 10
TOOWOOMBA HOUSE SALES<$350,000 <$500,000 $500,000+
44
41
34
254
265
260
684
628
511
282
270
239
47
37
46
JUN 10
SEP 10
DEC 10
BRISBANE CITY UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
102
113
98
224
231
172
110
71
79
45
38
31
0
4
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
123
104
116
428
374
291
405
282
269
258
191
178
46
50
61
JUN 10
SEP 10
DEC 10
GOLD COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
45
46
58
139
140
125
146
99
102
87
77
84
19
24
15
JUN 10
SEP 10
DEC 10
SUNSHINE COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
28
20
14
14
12
10
4
6
2
3
3
2
JUN 10
SEP 10
DEC 10
BUNDABERG UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
80
119
124
69
56
46
30
32
24
25
21
25
JUN 10
SEP 10
DEC 10
CAIRNS UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
32
20
16
24
14
8
10
4
2
8
6
1
JUN 10
SEP 10
DEC 10
FRASER COAST UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
9
17
13
9
5
13
14
4
19
5
6
6
JUN 10
SEP 10
DEC 10
GLADSTONE UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
23
22
26
38
31
44
19
21
18
12
11
17
JUN 10
SEP 10
DEC 10
TOWNSVILLE UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
14
20
9
12
26
19
9
9
9
8
7
4
JUN 10
SEP 10
DEC 10
MACKAY UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
16
23
16
12
8
18
10
14
14
4
4
2
JUN 10
SEP 10
DEC 10
ROCKHAMPTON UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
47
45
43
22
26
23
5
7
2
2
2
3
JUN 10
SEP 10
DEC 10
TOOWOOMBA UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
3 BEDROOM HOUSES
Suburbs/Localities
Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS
54
38
14
49
54
27
36
34
29
15
15
12
JUN 10
SEP 10
DEC 10
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
417
436
277
96
77
76
27
12
17
3
8
14
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
83
52
20
41
25
11
8
1
7
14
6
16
JUN 10
SEP 10
DEC 10
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
52
39
36
47
18
24
15
18
19
11
9
6
JUN 10
SEP 10
DEC 10
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
44
44
58
4
0
4
0
2
2
JUN 10
SEP 10
DEC 10
BUNDABERG LAND SALES<$250,000 <$350,000 $350,000+
56
53
49
8
6
4
3
8
7
JUN 10
SEP 10
DEC 10
CAIRNS LAND SALES<$250,000 <$350,000 $350,000+
57
53
91
3
3
4
1
0
1
JUN 10
SEP 10
DEC 10
FRASER COAST LAND SALES<$250,000 <$350,000 $350,000+
81
57
122
1
4
9
3
2
2
JUN 10
SEP 10
DEC 10
GLADSTONE LAND SALES<$250,000 <$350,000 $350,000+
58
55
59
12
4
7
5
2
4
JUN 10
SEP 10
DEC 10
TOWNSVILLE LAND SALES<$250,000 <$350,000 $350,000+
81
68
37
2
13
7
4
3
5
JUN 10
SEP 10
DEC 10
MACKAY LAND SALES<$250,000 <$350,000 $350,000+
67
70
89
4
3
4
0
0
2
JUN 10
SEP 10
DEC 10
ROCKHAMPTON LAND SALES<$250,000 <$350,000 $350,000+
54
56
114
7
5
2
2
0
1
JUN 10
SEP 10
DEC 10
TOOWOOMBA LAND SALES<$250,000 <$350,000 $350,000+
Suburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
MEDIAN SALES DATA
HOUSES
2 BEDROOM FLATS/UNITS
3 BEDROOM TOWNHOUSES
UNITS & TOWNHOUSES
VACANT URBAN LAND
BUNDABERG (LGA) ~ 202 $285,250 4.9% $285,000 3.6% 32.6%
BUNDABERG (LGA) ^ ~ 49 $370,000 11.4% $350,000 8.0% 40.0%
AVENELL HEIGHTS ~ 17 $275,000 3.8% $275,000 -2.5% 27.9%
AVOCA 13 $320,000 4.9% $318,000 2.9% 28.7%
BARGARA ~ 27 $340,000 -7.7% $377,500 7.9% 23.1%
BRANYAN ^ ~ 9 $387,500 16.7% $360,000 4.3% 12.1%
BUNDABERG EAST ~ 10 $253,500 -9.5% $270,000 -0.2% 35.0%
BUNDABERG NORTH 10 $233,500 -4.7% $255,000 4.1% 27.5%
BUNDABERG SOUTH 7 $280,000 5.5% $261,000 8.5% 45.0%
BUNDABERG WEST 6 N/A N/A $259,000 1.6% 31.9%
BURNETT HEADS 7 $311,000 3.7% $298,750 8.6% 35.8%
ELLIOTT HEADS ~ 7 $388,000 N/A $310,000 -3.9% 5.1%
GOOBURRUM ^ ~ 5 $415,000 N/A N/A N/A N/A
KALKIE ~ 8 $354,000 5.7% $368,500 9.7% 42.8%
KEPNOCK 10 $266,500 -3.1% $283,500 6.6% 26.0%
MILLBANK 6 N/A N/A $268,500 9.6% 27.9%
NORVILLE ~ 9 $280,000 20.2% $245,000 0.0% 35.0%
SVENSSON HEIGHTS ~ 12 $236,750 -7.2% $255,000 -2.4% 38.6%
THABEBAN 9 $275,000 N/A $285,000 5.9% 46.2%
WALKERVALE ~ 15 $225,000 1.8% $231,000 -1.7% 32.0%
BUNDABERG (LGA) ~ * f 28 $247,500 -1.0% $251,350 -4.2% 16.9%
BARGARA * f 8 $342,500 2.2% $332,500 -0.3% -19.4%
BUNDABERG (LGA) * 41 $132,000 -3.3% $140,000 3.7% 27.3%
BUNDABERG (LGA) ^ ~ 23 $142,000 -3.7% $150,000 3.4% 74.4%
ASHFIELD * 6 $133,500 N/A $135,000 5.5% N/A
BARGARA * f 5 N/A N/A $160,000 -8.0% 10.3%
BRANYAN * 1 N/A N/A $142,000 N/A N/A
BURNETT HEADS ~ f 6 $102,000 N/A $108,000 -1.4% 12.2%
KALKIE * 2 N/A N/A $130,475 4.4% 29.8%
MOORE PARK BEACH 3 N/A N/A $141,000 N/A N/A
WOODGATE * 3 N/A N/A $140,000 2.6% N/A
BUNDABERG REGIONAL COUNCIL AREA $265 352 $260 368
4660 Apple Tree Creek/ Childers/ Woodgate $255 31 $240 33
4670 Bundaberg/ Avoca/ Bargara/ Burnett Heads/ etc. $265 303 $260 320
4671 Gin Gin/ Mount Perry $235 18 $200 14
BUNDABERG REGIONAL COUNCIL AREA $205 161 $195 172
4670 Bundaberg/ Avoca/ Bargara/ Burnett Heads/ etc. $205 158 $195 169
BUNDABERG REGIONAL COUNCIL AREA $275 12 $275 14
4670 Bundaberg/ Avoca/ Bargara/ Burnett Heads/ etc. $275 12 $275 14
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 24
MARKETMONITORQ
UE
EN
SLA
ND
ContentsGLADstone ReGIonAL
141
137
121
881
780
799
1373
1177
1064
141
124
147
JUN 10
SEP 10
DEC 10
BRISBANE CITY HOUSE SALES<$350,000 <$500,000 <$1m $1m+
775
815
718
1111
1009
885
424
328
291
14
16
20
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
20
24
20
417
433
376
364
332
318
54
49
37
JUN 10
SEP 10
DEC 10
GOLD COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
46
68
49
348
322
307
226
189
178
40
26
15
JUN 10
SEP 10
DEC 10
SUNSHINE COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
144
181
154
41
42
39
9
8
9
JUN 10
SEP 10
DEC 10
BUNDABERG HOUSE SALES<$350,000 <$500,000 $500,000+
139
166
148
118
165
139
43
55
55
JUN 10
SEP 10
DEC 10
CAIRNS HOUSE SALES<$350,000 <$500,000 $500,000+
182
156
147
48
51
40
15
9
7
JUN 10
SEP 10
DEC 10
FRASER COAST HOUSE SALES<$350,000 <$500,000 $500,000+
64
44
61
109
90
130
25
27
30
JUN 10
SEP 10
DEC 10
GLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+
159
178
170
198
214
234
55
57
63
JUN 10
SEP 10
DEC 10
TOWNSVILLE HOUSE SALES<$350,000 <$500,000 $500,000+
70
77
53
150
148
164
51
54
59
JUN 10
SEP 10
DEC 10
MACKAY HOUSE SALES<$350,000 <$500,000 $500,000+
128
162
142
62
62
59
25
22
18
JUN 10
SEP 10
DEC 10
ROCKHAMPTON HOUSE SALES<$350,000 <$500,000 $500,000+
272
266
230
88
97
110
13
16
27
JUN 10
SEP 10
DEC 10
TOOWOOMBA HOUSE SALES<$350,000 <$500,000 $500,000+
44
41
34
254
265
260
684
628
511
282
270
239
47
37
46
JUN 10
SEP 10
DEC 10
BRISBANE CITY UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
102
113
98
224
231
172
110
71
79
45
38
31
0
4
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
123
104
116
428
374
291
405
282
269
258
191
178
46
50
61
JUN 10
SEP 10
DEC 10
GOLD COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
45
46
58
139
140
125
146
99
102
87
77
84
19
24
15
JUN 10
SEP 10
DEC 10
SUNSHINE COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
28
20
14
14
12
10
4
6
2
3
3
2
JUN 10
SEP 10
DEC 10
BUNDABERG UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
80
119
124
69
56
46
30
32
24
25
21
25
JUN 10
SEP 10
DEC 10
CAIRNS UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
32
20
16
24
14
8
10
4
2
8
6
1
JUN 10
SEP 10
DEC 10
FRASER COAST UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
9
17
13
9
5
13
14
4
19
5
6
6
JUN 10
SEP 10
DEC 10
GLADSTONE UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
23
22
26
38
31
44
19
21
18
12
11
17
JUN 10
SEP 10
DEC 10
TOWNSVILLE UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
14
20
9
12
26
19
9
9
9
8
7
4
JUN 10
SEP 10
DEC 10
MACKAY UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
16
23
16
12
8
18
10
14
14
4
4
2
JUN 10
SEP 10
DEC 10
ROCKHAMPTON UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
47
45
43
22
26
23
5
7
2
2
2
3
JUN 10
SEP 10
DEC 10
TOOWOOMBA UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
54
38
14
49
54
27
36
34
29
15
15
12
JUN 10
SEP 10
DEC 10
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
417
436
277
96
77
76
27
12
17
3
8
14
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
83
52
20
41
25
11
8
1
7
14
6
16
JUN 10
SEP 10
DEC 10
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
52
39
36
47
18
24
15
18
19
11
9
6
JUN 10
SEP 10
DEC 10
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
44
44
58
4
0
4
0
2
2
JUN 10
SEP 10
DEC 10
BUNDABERG LAND SALES<$250,000 <$350,000 $350,000+
56
53
49
8
6
4
3
8
7
JUN 10
SEP 10
DEC 10
CAIRNS LAND SALES<$250,000 <$350,000 $350,000+
57
53
91
3
3
4
1
0
1
JUN 10
SEP 10
DEC 10
FRASER COAST LAND SALES<$250,000 <$350,000 $350,000+
81
57
122
1
4
9
3
2
2
JUN 10
SEP 10
DEC 10
GLADSTONE LAND SALES<$250,000 <$350,000 $350,000+
58
55
59
12
4
7
5
2
4
JUN 10
SEP 10
DEC 10
TOWNSVILLE LAND SALES<$250,000 <$350,000 $350,000+
81
68
37
2
13
7
4
3
5
JUN 10
SEP 10
DEC 10
MACKAY LAND SALES<$250,000 <$350,000 $350,000+
67
70
89
4
3
4
0
0
2
JUN 10
SEP 10
DEC 10
ROCKHAMPTON LAND SALES<$250,000 <$350,000 $350,000+
54
56
114
7
5
2
2
0
1
JUN 10
SEP 10
DEC 10
TOOWOOMBA LAND SALES<$250,000 <$350,000 $350,000+
Median house and unit prices REIQ figures show the Gladstone property market remained relatively steady, over the December quarter, recording a 0.8 per cent median increase to $395,000 over the period. For the year ending December 2010, the region posted a 7.2 per cent increase. Preliminary sales numbers, however, were up about 35 per cent on last quarter’s results.
REIQ accredited agencies servicing Gladstone say the figures of only a 0.8 per cent median increase are surprising given the very busy quarter in terms of sales, with strong buyer demand.
Following multibillion-dollar LNG announcements in the region, the Gladstone property market activity rose rapidly; heavily influenced by investor interest.
Just south of Gladstone, Boyne Island’s median house price increased 4 per cent to $440,000 with a 60 per cent jump in preliminary sales numbers.
Calliope and West Gladstone also performed well for the quarter with a 2 per cent ($408,000) and 1.9 per cent ($345,000) increase respectively. West Gladstone has attracted a lot of interest throughout the quarter, especially from investors and first-time buyers.
Agents in the area are also reporting an extremely active first home buyer segment this quarter.
The unit and townhouse market in Gladstone performed well over the period with preliminary sales numbers up compared to the previous quarter. The median unit and townhouse price increased 40.2 per cent to $345,000 for the period.
The unit market in Gladstone is relatively small and therefore is more likely to be impacted by any varying quality of stock sold over a particular period.
The quarter saw the completion of the Aspects development – the first waterfront development in Gladstone – which has been the major driver of the sudden price increase over the quarter with some of these units selling for more than $700,000.
The reduced number of more affordable units in South and West Gladstone also contributed to the region’s quarterly movement in median sale price.
Median land prices Gladstone’s median vacant land price recorded a 3.2 per cent increase to $184,900 over the December quarter. This can be largely attributed to the varying number of waterfront blocks sold in Agnes Water. Preliminary vacant land sales numbers were also up about 46 per cent on last quarter’s figures.
Agnes Water was the top performing vacant urban land suburb in the region recording a 19.2 per cent increase to $155,000. Kirkwood was also a strong performing suburb with a 6.7 per cent increase to $200,000.
Median rents Coinciding with a very tight rental market, the median rent for a three-bedroom house in Gladstone increased $30 to $320 per week between December 2010 and December 2009. The median rent for a two-bedroom unit increased $20 to $240 per week over the same period.
The resource sector is causing increased demand on rental properties. Agents are reporting a severe lack of rental properties available with vacancy rates reportedly reaching very low levels.
The median rent for a three-bedroom townhouse in Gladstone, Boyne Island, Clinton and Kin Kora increased $130 a week to $430.
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 25
GLADstone ReGIonAL
RoCKHAMPton ReGIonAL
3 BEDROOM HOUSES
2 BEDROOM FLATS/UNITS
HOUSES VACANT URBAN LAND continued
UNITS & TOWNHOUSES
MEDIAN WEEKLY RENTSSuburbs/Localities
Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)Po
stco
de
Suburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
141
137
121
881
780
799
1373
1177
1064
141
124
147
JUN 10
SEP 10
DEC 10
BRISBANE CITY HOUSE SALES<$350,000 <$500,000 <$1m $1m+
775
815
718
1111
1009
885
424
328
291
14
16
20
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
20
24
20
417
433
376
364
332
318
54
49
37
JUN 10
SEP 10
DEC 10
GOLD COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
46
68
49
348
322
307
226
189
178
40
26
15
JUN 10
SEP 10
DEC 10
SUNSHINE COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
144
181
154
41
42
39
9
8
9
JUN 10
SEP 10
DEC 10
BUNDABERG HOUSE SALES<$350,000 <$500,000 $500,000+
139
166
148
118
165
139
43
55
55
JUN 10
SEP 10
DEC 10
CAIRNS HOUSE SALES<$350,000 <$500,000 $500,000+
182
156
147
48
51
40
15
9
7
JUN 10
SEP 10
DEC 10
FRASER COAST HOUSE SALES<$350,000 <$500,000 $500,000+
64
44
61
109
90
130
25
27
30
JUN 10
SEP 10
DEC 10
GLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+
159
178
170
198
214
234
55
57
63
JUN 10
SEP 10
DEC 10
TOWNSVILLE HOUSE SALES<$350,000 <$500,000 $500,000+
70
77
53
150
148
164
51
54
59
JUN 10
SEP 10
DEC 10
MACKAY HOUSE SALES<$350,000 <$500,000 $500,000+
128
162
142
62
62
59
25
22
18
JUN 10
SEP 10
DEC 10
ROCKHAMPTON HOUSE SALES<$350,000 <$500,000 $500,000+
272
266
230
88
97
110
13
16
27
JUN 10
SEP 10
DEC 10
TOOWOOMBA HOUSE SALES<$350,000 <$500,000 $500,000+
VACANT URBAN LAND
3 BEDROOM TOWNHOUSES
44
41
34
254
265
260
684
628
511
282
270
239
47
37
46
JUN 10
SEP 10
DEC 10
BRISBANE CITY UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
102
113
98
224
231
172
110
71
79
45
38
31
0
4
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
123
104
116
428
374
291
405
282
269
258
191
178
46
50
61
JUN 10
SEP 10
DEC 10
GOLD COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
45
46
58
139
140
125
146
99
102
87
77
84
19
24
15
JUN 10
SEP 10
DEC 10
SUNSHINE COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
28
20
14
14
12
10
4
6
2
3
3
2
JUN 10
SEP 10
DEC 10
BUNDABERG UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
80
119
124
69
56
46
30
32
24
25
21
25
JUN 10
SEP 10
DEC 10
CAIRNS UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
32
20
16
24
14
8
10
4
2
8
6
1
JUN 10
SEP 10
DEC 10
FRASER COAST UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
9
17
13
9
5
13
14
4
19
5
6
6
JUN 10
SEP 10
DEC 10
GLADSTONE UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
23
22
26
38
31
44
19
21
18
12
11
17
JUN 10
SEP 10
DEC 10
TOWNSVILLE UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
14
20
9
12
26
19
9
9
9
8
7
4
JUN 10
SEP 10
DEC 10
MACKAY UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
16
23
16
12
8
18
10
14
14
4
4
2
JUN 10
SEP 10
DEC 10
ROCKHAMPTON UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
47
45
43
22
26
23
5
7
2
2
2
3
JUN 10
SEP 10
DEC 10
TOOWOOMBA UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
GLADSTONE (LGA) 221 $395,000 0.8% $385,000 7.2% 67.4%
GLADSTONE (LGA) ^ ~ 27 $451,500 -13.2% $496,000 17.4% 65.3%
BOYNE ISLAND 24 $440,000 4.0% $430,000 8.3% 68.6%
CALLIOPE 20 $408,000 2.0% $399,000 8.1% 95.8%
CLINTON ~ 30 $382,000 -5.7% $383,000 3.5% 54.7%
GLEN EDEN ~ * 9 $403,000 -15.7% $443,750 1.1% 101.7%
KIN KORA 11 $390,000 0.6% $385,000 7.2% 80.3%
KIRKWOOD 7 $500,000 N/A N/A N/A N/A
NEW AUCKLAND ~ 24 $385,000 -3.1% $372,000 -3.4% 67.6%
SOUTH GLADSTONE 18 $354,000 -0.3% $355,000 7.8% 73.2%
SUN VALLEY 9 $347,000 N/A $357,000 N/A 78.5%
TANNUM SANDS ~ 23 $435,000 -8.2% $453,000 1.8% 42.7%
TELINA * ~ 6 N/A N/A $445,000 24.0% 74.5%
WEST GLADSTONE 16 $345,000 1.9% $350,000 9.4% 79.5%
GLADSTONE (LGA) - * f 49 $345,000 40.2% $340,000 13.3% 106.1%
GLADSTONE CITY * f 28 $350,000 N/A $375,000 N/A 150.0%
GLADSTONE (LGA) 91 $184,900 3.2% $180,000 0.0% 74.8%
GLADSTONE (LGA) ^ ~ * 42 $211,000 8.2% $200,000 0.0% 66.7%
AGNES WATER ~ f 8 $155,000 19.2% N/A N/A N/A
BOYNE ISLAND * f 4 N/A N/A $200,000 -4.8% 86.0%
CALLIOPE * 21 $165,000 3.8% $159,000 17.8% 144.6%
CALLIOPE ^ * 16 $217,500 N/A $185,000 N/A 60.9%
CLINTON 17 $189,900 N/A $187,450 N/A 94.3%
GLEN EDEN * 22 $197,500 1.3% $192,500 4.1% 63.8%
KIRKWOOD * 6 $200,000 6.7% $185,000 2.8% N/A
SOUTH GLADSTONE * 7 $187,000 N/A $200,000 N/A 135.3%
GLADSTONE REGIONAL COUNCIL AREA $320 212 $290 229
4677 Agnes Water/ Miriam Vale $270 19 $250 12
4680 Gladstone/ Boyne Island/ Clinton/ Kin Kora/ etc. $330 185 $290 210
GLADSTONE REGIONAL COUNCIL AREA $240 139 $220 146
4680 Gladstone/ Boyne Island/ Clinton/ Kin Kora/ etc. $240 135 $220 138
GLADSTONE REGIONAL COUNCIL AREA $430 23 $300 37
4680 Gladstone/ Boyne Island/ Clinton/ Kin Kora/ etc. $430 23 $300 37
Median house and unit prices The Rockhampton residential property market experienced a slight decrease to its median house price of 0.6 per cent to $313,000 over the December quarter. This is on the back of a 3.7 per cent increase to its median house price for the year ending December 2010. Preliminary sales numbers, for the quarter, were down marginally on the previous quarter.
However, the mood across the region is generally positive as agents believe the booming Gladstone market will begin to impact activity in Rockhampton. Agents have also noted a lack of investor interest and first home buyers also buying in limited numbers.
The Range experienced a median house price increase of 47.3 per cent to $434,500 however this was mostly due to high-end sales that occurred during the quarter.
Norman Gardens, Wandal and Allenstown recorded median house price increases of 17.4 per cent ($500,000), 16.3 per cent ($325,500), and 9.4 per cent ($262,000), respectively. These medians were partly affected by the varying quality of stock sold as well as some new properties in Norman Gardens.
The acreage market has been strong with an increase in high-end acreage properties selling across various parts of the region contributing to a jump in the median acreage house price (up 26.1 per cent to $498,000).
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 26
MARKETMONITORQ
UE
EN
SLA
ND
ContentsRoCKHAMPton ReGIonAL
Suburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
MEDIAN SALES DATA
54
38
14
49
54
27
36
34
29
15
15
12
JUN 10
SEP 10
DEC 10
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
417
436
277
96
77
76
27
12
17
3
8
14
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
83
52
20
41
25
11
8
1
7
14
6
16
JUN 10
SEP 10
DEC 10
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
52
39
36
47
18
24
15
18
19
11
9
6
JUN 10
SEP 10
DEC 10
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
44
44
58
4
0
4
0
2
2
JUN 10
SEP 10
DEC 10
BUNDABERG LAND SALES<$250,000 <$350,000 $350,000+
56
53
49
8
6
4
3
8
7
JUN 10
SEP 10
DEC 10
CAIRNS LAND SALES<$250,000 <$350,000 $350,000+
57
53
91
3
3
4
1
0
1
JUN 10
SEP 10
DEC 10
FRASER COAST LAND SALES<$250,000 <$350,000 $350,000+
81
57
122
1
4
9
3
2
2
JUN 10
SEP 10
DEC 10
GLADSTONE LAND SALES<$250,000 <$350,000 $350,000+
58
55
59
12
4
7
5
2
4
JUN 10
SEP 10
DEC 10
TOWNSVILLE LAND SALES<$250,000 <$350,000 $350,000+
81
68
37
2
13
7
4
3
5
JUN 10
SEP 10
DEC 10
MACKAY LAND SALES<$250,000 <$350,000 $350,000+
67
70
89
4
3
4
0
0
2
JUN 10
SEP 10
DEC 10
ROCKHAMPTON LAND SALES<$250,000 <$350,000 $350,000+
54
56
114
7
5
2
2
0
1
JUN 10
SEP 10
DEC 10
TOOWOOMBA LAND SALES<$250,000 <$350,000 $350,000+
HOUSES continued
VACANT URBAN LAND
The unit and townhouse market also experienced an increase to its median jumping 5 per cent to $283,500.
Agents have reported very little activity in unit development indicating that most sales, throughout the December quarter, came from existing stock.
Norman Gardens was the standout performer in the region recording the most preliminary sales for the quarter. This is largely due to a new townhouse estate – Platinum North.
Median land prices Preliminary sales numbers increased marginally on last quarter’s results throughout the region, however, the median price for vacant urban land decreased 4.9 per cent to $135,000 over the period, largely due to fewer higher quality lots selling compared to the previous quarter.
There are reportedly a number of new sub-divisions currently going through the approval process that the region should expect to see at some stage this year.
Median rents The median rent for a three-bedroom house in Rockhampton increased $10 to $300 per week between December 2010 and December 2009. However, the median rent for a two-bedroom unit dropped $5 to $220 per week over the same period with a large increase to the amount of new bonds lodged.
Agents are reporting a “rock-solid” rental market with it showing no signs of slowing down with consistently strong demand across the region for rental properties.
ROCKHAMPTON (LGA) 219 $313,000 -0.6% $318,000 3.7% 68.7%
ROCKHAMPTON (LGA) ^ ~ 40 $498,000 26.1% $429,500 -1.3% 59.1%
ALLENSTOWN ~ 7 $262,500 9.4% $287,500 20.8% 78.6%
BERSERKER ~ 20 $242,500 -10.2% $242,000 0.8% 63.8%
FRENCHVILLE ~ 23 $325,000 -6.8% $330,500 1.7% 45.6%
GRACEMERE 19 $320,000 -0.6% $330,000 3.4% 69.7%
GRACEMERE ^ ~ 4 N/A N/A $360,000 N/A 15.7%
KAWANA ~ 11 $288,000 -10.0% $310,000 5.4% 63.2%
KOONGAL 6 N/A N/A $273,000 3.4% 71.7%
Suburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
MEDIAN SALES DATA
HOUSES
LAMMERMOOR + * f 4 N/A N/A $435,000 -6.5% 33.3%
MOUNT MORGAN ~ 7 $125,000 -13.8% $142,500 -8.1% 87.5%
NORMAN GARDENS ~ * 13 $500,000 17.4% $430,500 14.8% 53.8%
PARK AVENUE ~ 18 $268,500 -8.0% $269,750 9.7% 68.6%
ROCKHAMPTON CITY ~ 7 $173,000 N/A $186,000 -11.4% 49.4%
THE RANGE ~ 16 $434,500 47.3% $398,750 15.6% 77.2%
WANDAL ~ 10 $325,500 16.3% $280,000 -0.6% 59.1%
WEST ROCKHAMPTON 3 N/A N/A $259,000 3.8% 55.6%
YEPPOON 14 $378,500 1.4% $368,500 5.3% 30.4%
ROCKHAMPTON (LGA) - * 39 $287,000 5.3% $284,500 3.5% 63.5%
BERSERKER 1 N/A N/A $230,000 N/A 54.4%
NORMAN GARDENS * 11 $290,000 N/A $280,000 N/A N/A
YEPPOON - * 6 N/A N/A $363,500 23.2% 69.7%
ROCKHAMPTON (LGA) ~ * 79 $135,000 -4.9% $138,000 -4.8% 30.2%
ROCKHAMPTON (LGA) ^ ~ * 16 $202,500 -8.0% $205,000 2.5% 122.8%
GRACEMERE * 37 $134,000 0.8% $130,000 18.2% 85.7%
GRACEMERE ^ 5 $185,000 N/A N/A N/A N/A
LAMMERMOOR + * 4 N/A N/A $147,000 0.7% 24.1%
MULAMBIN + * f 7 $194,000 N/A $160,000 6.7% 18.5%
NORMAN GARDENS 9 $178,000 2.3% $175,000 3.6% 56.3%
ROCKYVIEW ^ * 1 N/A N/A $196,000 -1.5% 113.0%
YEPPOON * G 4 N/A N/A $152,250 -10.4% 35.9%
ZILZIE ~ * f 13 $160,000 6.7% $185,000 15.6% 36.0%
Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)
3 BEDROOM HOUSES
MEDIAN WEEKLY RENTSSuburbs/Localities
Post
code
ROCKHAMPTON REGIONAL COUNCIL AREA $300 423 $290 396
Rockhampton region $290 252 $280 234
4700 Allenstown/ Depot Hill/ Rockhampton City/ etc. $285 89 $280 82
4701 Berserker/ Park Avenue/ Norman Gardens/ etc. $295 163 $285 152
Livingstone region $300 160 $300 150
4702 Coowonga/ Keppel Sands/ The Caves/ etc. $280 50 $280 46
4703 Cooee Bay/ Rosslyn/ Taranganba/ Yeppoon/ etc. $330 86 $310 83
4710 Emu Park/ Zilzie $290 23 $280 19
4714 Mount Morgan $170 11 $165 12
ROCKHAMPTON REGIONAL COUNCIL AREA $220 271 $220 214
Rockhampton region $215 202 $210 168
4700 Allenstown/ Depot Hill/ Rockhampton City/ etc. $220 59 $240 55
4701 Berserker/ Park Avenue/ Norman Gardens/ etc. $215 143 $210 113
Livingstone region $270 67 $280 46
4703 Cooee Bay/ Rosslyn/ Taranganba/ Yeppoon/ etc. $270 62 $280 43
4714 Mount Morgan n.a. 2 n.a. 0
ROCKHAMPTON REGIONAL COUNCIL AREA $320 11 $280 5
Rockhampton region n.a. 3 n.a. 2
Livingstone region $320 8 n.a. 3
4714 Mount Morgan n.a. 0 n.a. 0
UNITS & TOWNHOUSES
3 BEDROOM TOWNHOUSES
2 BEDROOM FLATS/UNITS
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 27
MACKAY ReGIonAL
141
137
121
881
780
799
1373
1177
1064
141
124
147
JUN 10
SEP 10
DEC 10
BRISBANE CITY HOUSE SALES<$350,000 <$500,000 <$1m $1m+
775
815
718
1111
1009
885
424
328
291
14
16
20
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
20
24
20
417
433
376
364
332
318
54
49
37
JUN 10
SEP 10
DEC 10
GOLD COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
46
68
49
348
322
307
226
189
178
40
26
15
JUN 10
SEP 10
DEC 10
SUNSHINE COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
144
181
154
41
42
39
9
8
9
JUN 10
SEP 10
DEC 10
BUNDABERG HOUSE SALES<$350,000 <$500,000 $500,000+
139
166
148
118
165
139
43
55
55
JUN 10
SEP 10
DEC 10
CAIRNS HOUSE SALES<$350,000 <$500,000 $500,000+
182
156
147
48
51
40
15
9
7
JUN 10
SEP 10
DEC 10
FRASER COAST HOUSE SALES<$350,000 <$500,000 $500,000+
64
44
61
109
90
130
25
27
30
JUN 10
SEP 10
DEC 10
GLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+
159
178
170
198
214
234
55
57
63
JUN 10
SEP 10
DEC 10
TOWNSVILLE HOUSE SALES<$350,000 <$500,000 $500,000+
70
77
53
150
148
164
51
54
59
JUN 10
SEP 10
DEC 10
MACKAY HOUSE SALES<$350,000 <$500,000 $500,000+
128
162
142
62
62
59
25
22
18
JUN 10
SEP 10
DEC 10
ROCKHAMPTON HOUSE SALES<$350,000 <$500,000 $500,000+
272
266
230
88
97
110
13
16
27
JUN 10
SEP 10
DEC 10
TOOWOOMBA HOUSE SALES<$350,000 <$500,000 $500,000+
44
41
34
254
265
260
684
628
511
282
270
239
47
37
46
JUN 10
SEP 10
DEC 10
BRISBANE CITY UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
102
113
98
224
231
172
110
71
79
45
38
31
0
4
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
123
104
116
428
374
291
405
282
269
258
191
178
46
50
61
JUN 10
SEP 10
DEC 10
GOLD COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
45
46
58
139
140
125
146
99
102
87
77
84
19
24
15
JUN 10
SEP 10
DEC 10
SUNSHINE COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
28
20
14
14
12
10
4
6
2
3
3
2
JUN 10
SEP 10
DEC 10
BUNDABERG UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
80
119
124
69
56
46
30
32
24
25
21
25
JUN 10
SEP 10
DEC 10
CAIRNS UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
32
20
16
24
14
8
10
4
2
8
6
1
JUN 10
SEP 10
DEC 10
FRASER COAST UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
9
17
13
9
5
13
14
4
19
5
6
6
JUN 10
SEP 10
DEC 10
GLADSTONE UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
23
22
26
38
31
44
19
21
18
12
11
17
JUN 10
SEP 10
DEC 10
TOWNSVILLE UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
14
20
9
12
26
19
9
9
9
8
7
4
JUN 10
SEP 10
DEC 10
MACKAY UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
16
23
16
12
8
18
10
14
14
4
4
2
JUN 10
SEP 10
DEC 10
ROCKHAMPTON UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
47
45
43
22
26
23
5
7
2
2
2
3
JUN 10
SEP 10
DEC 10
TOOWOOMBA UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
54
38
14
49
54
27
36
34
29
15
15
12
JUN 10
SEP 10
DEC 10
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
417
436
277
96
77
76
27
12
17
3
8
14
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
83
52
20
41
25
11
8
1
7
14
6
16
JUN 10
SEP 10
DEC 10
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
52
39
36
47
18
24
15
18
19
11
9
6
JUN 10
SEP 10
DEC 10
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
44
44
58
4
0
4
0
2
2
JUN 10
SEP 10
DEC 10
BUNDABERG LAND SALES<$250,000 <$350,000 $350,000+
56
53
49
8
6
4
3
8
7
JUN 10
SEP 10
DEC 10
CAIRNS LAND SALES<$250,000 <$350,000 $350,000+
57
53
91
3
3
4
1
0
1
JUN 10
SEP 10
DEC 10
FRASER COAST LAND SALES<$250,000 <$350,000 $350,000+
81
57
122
1
4
9
3
2
2
JUN 10
SEP 10
DEC 10
GLADSTONE LAND SALES<$250,000 <$350,000 $350,000+
58
55
59
12
4
7
5
2
4
JUN 10
SEP 10
DEC 10
TOWNSVILLE LAND SALES<$250,000 <$350,000 $350,000+
81
68
37
2
13
7
4
3
5
JUN 10
SEP 10
DEC 10
MACKAY LAND SALES<$250,000 <$350,000 $350,000+
67
70
89
4
3
4
0
0
2
JUN 10
SEP 10
DEC 10
ROCKHAMPTON LAND SALES<$250,000 <$350,000 $350,000+
54
56
114
7
5
2
2
0
1
JUN 10
SEP 10
DEC 10
TOOWOOMBA LAND SALES<$250,000 <$350,000 $350,000+
Median house and unit prices Mackay was the standout performer of all major regions for median house price growth over the December quarter.
Mackay’s median house price increased 7 per cent to $420,000 over the period on the back of an increase in higher-end sales in the region’s northern beachside suburbs.
According to local agents, sales in the $500,000-plus price bracket had been the most predominant over the December quarter.
There were a number of sales to people shifting to Mackay for employment in the mines with the majority of these new residents looking for homes in the middle to upper end of the market.
Buyers have been coming from overseas – particularly South Africa – and from in Brisbane and interstate, who are interested in larger, well-located properties.
Demand has continued to be robust from this section of buyers in January and February, especially as media coverage of new mines opening in the region had become a regular occurrence.
Investors are also again taking an interest in Mackay given the region currently has low vacancy rates and solid rent returns.
Steady performers for price growth and preliminary sales over the quarter included Bucasia, North Mackay and South Mackay.
The median unit and townhouse price in Mackay also recorded a positive result over the quarter, up 3.4 per cent to $300,000.
The unit market continues to represent a small proportion of total sales in the region with 41 preliminary sales taking place over the quarter. This number was down 26 per cent on the same period last year.
First home buyers continue to be the predominant buyers of units and townhouses in Mackay given it provides them with an affordable entry into the market.
Median land prices The median price of land in Mackay decreased 1 per cent to $193,000. Preliminary sales numbers were down on the previous quarter, however, agents are reporting ample land becoming available especially in Rural View and Glenella, as well as the northern beach suburbs.
Although no sales were recorded in Ooralea during the December quarter, the suburb recorded the highest number of preliminary land sales for the 2010 Calender year in the Mackay region, as well as posting a solid 4.7 per cent increase in its annual median.
Median rents The median rent for a three bedroom house in Mackay increased $20 to $390 per week between December 2010 and December 2009. The median rent for a two-bedroom unit increased $15 to $295 per week over the same period.
Robust demand for rental properties continues to be recorded in the region, especially given the influx of new residents for work opportunities in the mines.
Gross rental yields for both houses and units in Mackay are the second highest for the major regional centres, at 4.8 and 5.1 per cent respectively. New unit stock in Mackay would be a major contributing factor to the strong rental returns for the region.
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 28
MARKETMONITORQ
UE
EN
SLA
ND
ContentsMACKAY ReGIonAL
3 BEDROOM HOUSES
MEDIAN WEEKLY RENTSSuburbs/Localities
Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)Po
stco
de
UNITS & TOWNHOUSES
HOUSES VACANT URBAN LAND continued
Suburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
2 BEDROOM FLATS/UNITS
3 BEDROOM TOWNHOUSES
VACANT URBAN LAND
MACKAY (LGA) 276 $420,000 7.0% $407,250 5.8% 34.9%
MACKAY (LGA) ^ ~ 36 $482,500 7.2% $485,000 3.2% 44.1%
ANDERGROVE 19 $420,000 10.5% $395,000 0.0% 27.4%
BEACONSFIELD 11 $405,000 -2.4% $410,000 2.6% 30.2%
BLACKS BEACH ~ f 11 $475,000 N/A $477,500 1.1% 27.5%
BUCASIA ~ 22 $426,250 8.2% $422,500 0.6% 31.4%
EAST MACKAY ~ * 13 $505,000 25.1% $425,000 17.3% 34.1%
EIMEO ~ 16 $450,000 N/A $438,000 -2.7% 28.8%
GLENELLA ~ 23 $482,000 -6.0% $515,000 2.7% 25.6%
MACKAY 4 N/A N/A $387,500 11.0% 27.7%
MARIAN ~ 11 $425,000 N/A $430,000 12.9% 72.0%
MOUNT PLEASANT ~ 8 $415,000 6.4% $417,500 -0.6% 17.6%
NORTH MACKAY ~ 16 $372,500 12.9% $355,000 8.0% 40.3%
OORALEA ~ 10 $520,000 5.1% $490,000 12.0% 42.0%
RURAL VIEW 5 N/A N/A $475,000 8.0% 30.1%
SARINA ~ G 6 N/A N/A $291,250 -11.1% 49.4%
SLADE POINT ~ f 8 $440,000 32.1% $376,250 7.2% 35.3%
SOUTH MACKAY 25 $378,990 2.7% $369,000 5.4% 34.2%
WALKERSTON 9 $435,000 2.4% $443,750 7.7% 38.7%
WEST MACKAY 21 $372,500 -1.3% $380,000 8.6% 34.8%
MACKAY (LGA) ~ * 41 $300,000 -2.6% $309,000 4.7% 41.1%
ANDERGROVE ~ * 4 N/A N/A $161,000 N/A N/A
MACKAY * 11 $265,000 -0.5% $298,000 11.0% 49.0%
NORTH MACKAY 5 N/A N/A $292,500 3.1% 66.2%
SOUTH MACKAY 4 N/A N/A $307,000 5.7% 61.6%
MACKAY (LGA) * 43 $193,000 -1.0% $183,000 5.8% 35.6%
MACKAY (LGA) ^ ~ 6 N/A N/A $271,000 8.4% 46.5%
BLACKS BEACH 1 N/A N/A $192,000 1.6% 5.5%
BUCASIA * 5 $166,500 -3.1% $165,000 0.0% 24.1%
EIMEO 7 $186,000 N/A N/A N/A N/A
MACKAY REGIONAL COUNCIL AREA $390 330 $370 314
4737 Sarina/ Sarina Beach/ Armstrong Beach $360 26 $340 22
4740 Andergrove/ Beaconsfield/ Mackay/ Ooralea/ etc. $395 257 $375 248
4741 Ball Bay/ Eton/ Farleigh/ Pleystowe/ Seaforth/ etc. $300 6 $270 9
4750 Bucasia/ Shoal Point $420 15 $360 12
4751 Greenmount/ Palmyra/ Victoria Plains/ Walkerston $350 16 $420 7
MACKAY REGIONAL COUNCIL AREA $295 259 $280 264
4737 Sarina/ Sarina Beach/ Armstrong Beach $225 18 $200 9
4740 Andergrove/ Beaconsfield/ Mackay/ Ooralea/ etc. $300 229 $280 241
4750 Bucasia/ Shoal Point $250 7 $280 8
MACKAY REGIONAL COUNCIL AREA $410 27 $380 13
4740 Andergrove/ Beaconsfield/ Mackay/ Ooralea/ etc. $405 25 $380 12
MARIAN 2 N/A N/A $153,000 4.1% 45.7%
MIRANI * 0 N/A N/A $119,000 3.5% N/A
NORTH MACKAY * 2 N/A N/A $175,000 N/A N/A
OORALEA * 0 N/A N/A $190,500 4.7% N/A
RURAL VIEW 4 N/A N/A $193,000 4.3% 45.1%
WALKERSTON ~ * 1 N/A N/A $195,000 25.8% 50.9%
toWnsVILLe CItY
Median house and unit prices It seemed the Townsville region clawed back any losses from the last quarter and more, with its median house price gaining 4.1 per cent over the December quarter to be $380,000. Its median house price was also up 2.7 per cent change over the year ending December.
REIQ accredited agents in the area reported a very busy quarter with increased consumer confidence, this continued into the New Year despite the natural disasters that shook most of the State in January and February.
Many of the agents feel this is the start of forward momentum as activity in the region begins to slowly strengthen.
Without the median price being affected by variables such as varying quality of stock sold, Douglas, Wulguru and Idalia recorded the strongest median price increases over the quarter.
Douglas increased 6.3 per cent to $440,000; Wulguru is up 6.2 per cent to $332,000; and Idalia increased 4.8 per cent to $447,000 over quarter.
Douglas, containing the James Cook University and the Townsville Hospital, is known to offer new homes where buyers can snap up good deals. The Bunnings and community shopping precinct are said to be driving interest in the area.
Conversely, the unit and townhouse market in Townsville experienced a decrease in its median price - down 3.5 per cent to $300,000.
Agents in the area are still reporting an abundance of units with supply outweighing demand. However, the preliminary sales numbers were about 20 per cent greater than last quarter.
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 29
toWnsVILLe CItY
141
137
121
881
780
799
1373
1177
1064
141
124
147
JUN 10
SEP 10
DEC 10
BRISBANE CITY HOUSE SALES<$350,000 <$500,000 <$1m $1m+
775
815
718
1111
1009
885
424
328
291
14
16
20
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
20
24
20
417
433
376
364
332
318
54
49
37
JUN 10
SEP 10
DEC 10
GOLD COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
46
68
49
348
322
307
226
189
178
40
26
15
JUN 10
SEP 10
DEC 10
SUNSHINE COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
144
181
154
41
42
39
9
8
9
JUN 10
SEP 10
DEC 10
BUNDABERG HOUSE SALES<$350,000 <$500,000 $500,000+
139
166
148
118
165
139
43
55
55
JUN 10
SEP 10
DEC 10
CAIRNS HOUSE SALES<$350,000 <$500,000 $500,000+
182
156
147
48
51
40
15
9
7
JUN 10
SEP 10
DEC 10
FRASER COAST HOUSE SALES<$350,000 <$500,000 $500,000+
64
44
61
109
90
130
25
27
30
JUN 10
SEP 10
DEC 10
GLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+
159
178
170
198
214
234
55
57
63
JUN 10
SEP 10
DEC 10
TOWNSVILLE HOUSE SALES<$350,000 <$500,000 $500,000+
70
77
53
150
148
164
51
54
59
JUN 10
SEP 10
DEC 10
MACKAY HOUSE SALES<$350,000 <$500,000 $500,000+
128
162
142
62
62
59
25
22
18
JUN 10
SEP 10
DEC 10
ROCKHAMPTON HOUSE SALES<$350,000 <$500,000 $500,000+
272
266
230
88
97
110
13
16
27
JUN 10
SEP 10
DEC 10
TOOWOOMBA HOUSE SALES<$350,000 <$500,000 $500,000+
44
41
34
254
265
260
684
628
511
282
270
239
47
37
46
JUN 10
SEP 10
DEC 10
BRISBANE CITY UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
102
113
98
224
231
172
110
71
79
45
38
31
0
4
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
123
104
116
428
374
291
405
282
269
258
191
178
46
50
61
JUN 10
SEP 10
DEC 10
GOLD COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
45
46
58
139
140
125
146
99
102
87
77
84
19
24
15
JUN 10
SEP 10
DEC 10
SUNSHINE COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
28
20
14
14
12
10
4
6
2
3
3
2
JUN 10
SEP 10
DEC 10
BUNDABERG UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
80
119
124
69
56
46
30
32
24
25
21
25
JUN 10
SEP 10
DEC 10
CAIRNS UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
32
20
16
24
14
8
10
4
2
8
6
1
JUN 10
SEP 10
DEC 10
FRASER COAST UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
9
17
13
9
5
13
14
4
19
5
6
6
JUN 10
SEP 10
DEC 10
GLADSTONE UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
23
22
26
38
31
44
19
21
18
12
11
17
JUN 10
SEP 10
DEC 10
TOWNSVILLE UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
14
20
9
12
26
19
9
9
9
8
7
4
JUN 10
SEP 10
DEC 10
MACKAY UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
16
23
16
12
8
18
10
14
14
4
4
2
JUN 10
SEP 10
DEC 10
ROCKHAMPTON UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
47
45
43
22
26
23
5
7
2
2
2
3
JUN 10
SEP 10
DEC 10
TOOWOOMBA UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
54
38
14
49
54
27
36
34
29
15
15
12
JUN 10
SEP 10
DEC 10
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
417
436
277
96
77
76
27
12
17
3
8
14
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
83
52
20
41
25
11
8
1
7
14
6
16
JUN 10
SEP 10
DEC 10
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
52
39
36
47
18
24
15
18
19
11
9
6
JUN 10
SEP 10
DEC 10
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
44
44
58
4
0
4
0
2
2
JUN 10
SEP 10
DEC 10
BUNDABERG LAND SALES<$250,000 <$350,000 $350,000+
56
53
49
8
6
4
3
8
7
JUN 10
SEP 10
DEC 10
CAIRNS LAND SALES<$250,000 <$350,000 $350,000+
57
53
91
3
3
4
1
0
1
JUN 10
SEP 10
DEC 10
FRASER COAST LAND SALES<$250,000 <$350,000 $350,000+
81
57
122
1
4
9
3
2
2
JUN 10
SEP 10
DEC 10
GLADSTONE LAND SALES<$250,000 <$350,000 $350,000+
58
55
59
12
4
7
5
2
4
JUN 10
SEP 10
DEC 10
TOWNSVILLE LAND SALES<$250,000 <$350,000 $350,000+
81
68
37
2
13
7
4
3
5
JUN 10
SEP 10
DEC 10
MACKAY LAND SALES<$250,000 <$350,000 $350,000+
67
70
89
4
3
4
0
0
2
JUN 10
SEP 10
DEC 10
ROCKHAMPTON LAND SALES<$250,000 <$350,000 $350,000+
54
56
114
7
5
2
2
0
1
JUN 10
SEP 10
DEC 10
TOOWOOMBA LAND SALES<$250,000 <$350,000 $350,000+
West End and North Ward were the only suburbs qualifying for a median price increase over the period – up 8 per cent ($305,000) and 1.5 per cent ($347,500), respectively. These medians were affected by the varying quantities of new properties sold as well as the quality of stock sold over the quarter.
Median land prices The median price of vacant urban land in Townsville decreased 6.7 per cent over the December quarter to $151,000, with preliminary sales numbers holding relatively steady.
Bushland Beach, a master-planned community of Townsville’s only beachside estate, had the highest number of preliminary sales for the quarter, however; its median was down 3.8 per cent to $150,000. This figure was impacted by waterfront and new properties sold.
Median rents The median rent for a three-bedroom house in Townsville remained unchanged at $330 per week between December 2010 and December 2009. Whereas, the median rent for a two-bedroom unit dropped $15 to $265 per week over the same period.
Agents have reported an active rental market post-Christmas and despite Cyclone Yasi. They are also reporting that those who are saving for homes are staying in their rental properties a little longer.
HOUSES
Suburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr” Dec 2010 1yr” 5yrs
MEDIAN SALES DATA
TOWNSVILLE CITY (LGA) 467 $380,000 4.1% $375,000 2.7% 45.9%
TOWNSVILLE CITY (LGA) ^ 43 $456,000 4.8% $440,000 3.2% 50.4%
AITKENVALE 12 $346,500 -2.9% $341,000 2.4% 45.7%
ALICE RIVER ^ ~ 9 $475,000 -8.2% $486,000 5.7% 54.3%
ANNANDALE 30 $465,750 2.9% $472,500 7.4% 39.0%
BLUEWATER PARK ^ 2 N/A N/A $395,000 N/A 41.3%
BOHLE PLAINS ~ * 28 $440,000 -3.3% $450,000 2.3% N/A
BURDELL * 16 $430,000 11.7% $395,000 9.7% N/A
BUSHLAND BEACH 28 $400,750 0.7% $415,000 0.6% 27.0%
CONDON ~ 18 $313,500 -6.7% $330,000 1.2% 38.8%
CRANBROOK ~ 17 $344,000 10.4% $331,000 3.0% 45.8%
CURRAJONG ~ 9 $260,000 N/A $295,000 -8.1% 34.1%
DEERAGUN 10 $345,375 0.1% $350,000 4.5% 89.2%
DOUGLAS 15 $440,000 6.3% $430,000 4.4% 44.3%
GARBUTT 7 $300,000 N/A N/A N/A N/A
GULLIVER ~ 6 N/A N/A $287,500 -4.2% 35.3%
HEATLEY ~ 10 $301,500 0.5% $300,000 -0.8% 33.9%
HERMIT PARK ~ 11 $425,000 32.9% $380,000 4.8% 38.7%
IDALIA 21 $477,000 4.8% $480,250 0.1% 36.2%
KELSO 27 $380,000 2.7% $325,000 0.0% 56.3%
KELSO ^ ~ 8 $507,500 0.5% $445,000 -1.1% 44.7%
KIRWAN 63 $360,000 -2.0% $375,000 0.0% 35.9%
MOUNT LOUISA 27 $420,000 -2.2% $405,000 3.6% 40.1%
MOUNT LOW * 9 $347,000 -15.8% $385,000 N/A N/A
MOUNT LOW ^ 3 N/A N/A $425,000 2.4% 56.8%
MUNDINGBURRA ~ 8 $356,000 N/A $365,000 -1.4% 40.4%
NORTH WARD 9 $625,000 N/A $611,500 N/A 26.1%
PIMLICO ~ 4 N/A N/A $342,500 -3.5% 24.5%
RAILWAY ESTATE 10 $339,500 N/A $350,000 4.8% 32.1%
RASMUSSEN ~ 13 $290,000 3.6% $295,000 -4.1% 36.6%
SOUTH TOWNSVILLE 2 N/A N/A $387,500 2.0% 50.5%
THURINGOWA CENTRAL 4 N/A N/A $374,000 8.4% 52.7%
VINCENT ~ 9 $283,000 N/A $285,000 -4.7% 29.5%
WEST END ~ 12 $370,000 -2.6% $371,500 -2.2% 48.6%
WULGURU 11 $332,000 6.2% $326,000 1.4% 48.2%
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 30
MARKETMONITORQ
UE
EN
SLA
ND
ContentstoWnsVILLe CItY
2 BEDROOM FLATS/UNITS
3 BEDROOM HOUSES
MEDIAN WEEKLY RENTSSuburbs/Localities
Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)Po
stco
de
VACANT URBAN LAND
UNITS & TOWNHOUSES
Suburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr” Dec 2010 1yr” 5yrs
MEDIAN SALES DATA
2 BEDROOM TOWNHOUSES
141
137
121
881
780
799
1373
1177
1064
141
124
147
JUN 10
SEP 10
DEC 10
BRISBANE CITY HOUSE SALES<$350,000 <$500,000 <$1m $1m+
775
815
718
1111
1009
885
424
328
291
14
16
20
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
20
24
20
417
433
376
364
332
318
54
49
37
JUN 10
SEP 10
DEC 10
GOLD COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
46
68
49
348
322
307
226
189
178
40
26
15
JUN 10
SEP 10
DEC 10
SUNSHINE COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
144
181
154
41
42
39
9
8
9
JUN 10
SEP 10
DEC 10
BUNDABERG HOUSE SALES<$350,000 <$500,000 $500,000+
139
166
148
118
165
139
43
55
55
JUN 10
SEP 10
DEC 10
CAIRNS HOUSE SALES<$350,000 <$500,000 $500,000+
182
156
147
48
51
40
15
9
7
JUN 10
SEP 10
DEC 10
FRASER COAST HOUSE SALES<$350,000 <$500,000 $500,000+
64
44
61
109
90
130
25
27
30
JUN 10
SEP 10
DEC 10
GLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+
159
178
170
198
214
234
55
57
63
JUN 10
SEP 10
DEC 10
TOWNSVILLE HOUSE SALES<$350,000 <$500,000 $500,000+
70
77
53
150
148
164
51
54
59
JUN 10
SEP 10
DEC 10
MACKAY HOUSE SALES<$350,000 <$500,000 $500,000+
128
162
142
62
62
59
25
22
18
JUN 10
SEP 10
DEC 10
ROCKHAMPTON HOUSE SALES<$350,000 <$500,000 $500,000+
272
266
230
88
97
110
13
16
27
JUN 10
SEP 10
DEC 10
TOOWOOMBA HOUSE SALES<$350,000 <$500,000 $500,000+
TOWNSVILLE CITY (LGA) * 105 $300,000 -3.5% $317,500 1.8% 51.2%
DOUGLAS * 4 N/A N/A $312,000 0.0% 17.7%
HERMIT PARK 6 N/A N/A $249,000 8.3% 50.9%
KIRWAN ~ * 13 $260,000 N/A $285,000 -1.7% 75.4%
NELLY BAY * f 2 N/A N/A $532,000 41.1% N/A
NORTH WARD ~ * 10 $347,500 1.5% $355,000 -4.1% 33.5%
ROSSLEA ~ * 4 N/A N/A $340,000 25.9% 88.9%
SOUTH TOWNSVILLE * 11 $340,000 N/A $395,000 17.9% 38.6%
TOWNSVILLE CITY * f 17 $400,000 N/A $470,000 -8.7% 31.0%
WEST END * 12 $305,000 8.0% $300,000 -7.7% 68.5%
TOWNSVILLE CITY (LGA) ~ * 63 $151,000 -6.7% $160,000 -2.4% 38.1%
TOWNSVILLE CITY (LGA) ^ ~ 7 N/A N/A $225,000 9.8% 109.3%
BOHLE PLAINS * 3 N/A N/A $175,000 0.0% 56.1%
BURDELL * 3 N/A N/A $155,000 -12.7% 128.8%
BUSHLAND BEACH ~ * f 21 $150,000 -3.8% $152,000 0.3% 52.0%
IDALIA * 3 N/A N/A $240,000 -3.2% 64.5%
KELSO * 3 N/A N/A $149,900 4.9% 56.1%
MOUNT LOUISA 2 N/A N/A $167,250 1.4% 33.5%
MOUNT LOW * 9 $145,000 N/A $159,000 0.0% N/A
RASMUSSEN * 1 N/A N/A $136,500 N/A N/A
TOWNSVILLE CITY COUNCIL AREA $330 623 $330 633
Townsville Region $335 331 $330 352
4810 Belgian Gardens/ Castle Hill/ Townsville City/ etc. $370 61 $350 56
4811 Cluden/ Idalia/ Oak Valley/ Stuart/ Wulguru/ etc. $340 22 $320 28
4812 Currajong/ Gulliver/ Mundingburra/ Rosslea/ etc. $320 43 $320 51
4814 Aitkenvale/ Cranbrook/ Douglas/ Mt Louisa/ etc. $330 194 $330 198
4819 Horseshoe Bay/ Nelly Bay/ Picnic Bay/ etc. $310 11 $290 19
Thuringowa Region $330 292 $325 281
4815 Condon/ Kelso/ Pinnacles/ Rasmussen/ etc. $320 108 $300 99
4816 Balgal Beach/ Paluma/ Rollingstone/ etc. $280 10 $320 7
4817 Alice River/ Kirwan/ Thuringowa Central/ etc. $350 112 $340 128
4818 Black River/ Bushland Bch/ Deeragun/ Mt Low/ etc. $315 62 $330 47
TOWNSVILLE CITY COUNCIL AREA $265 683 $275 681
Townsville Region $270 614 $280 630
4810 Belgian Gardens/ Castle Hill/ Townsville City/ etc. $300 319 $300 325
4811 Cluden/ Idalia/ Oak Valley/ Stuart/ Wulguru/ etc. $340 32 $320 46
4812 Currajong/ Gulliver/ Mundingburra/ Rosslea/ etc. $245 168 $250 181
4814 Aitkenvale/ Cranbrook/ Douglas/ Mt Louisa/ etc. $260 86 $260 65
4819 Horseshoe Bay/ Nelly Bay/ Picnic Bay/ etc. $220 9 $200 13
Thuringowa Region $240 69 $250 51
4815 Condon/ Kelso/ Pinnacles/ Rasmussen/ etc. $220 26 $230 13
4817 Alice River/ Kirwan/ Thuringowa Central/ etc. $265 41 $255 36
TOWNSVILLE CITY COUNCIL AREA $280 32 $260 44
Townsville Region $280 30 $265 40
4810 Belgian Gardens/ Castle Hill/ Townsville City/ etc. $290 12 $275 18
4812 Currajong/ Gulliver/ Mundingburra/ Rosslea/ etc. $270 14 $260 18
Thuringowa Region n.a. 2 n.a. 4
Median house and unit prices The Cairns residential property market continued to experience flat market conditions in the final three months of 2010.
The Cairns median house price decreased 0.8 0per cent to $361,000 over the December quarter with preliminary house sales numbers down about 11 per cent on the previous quarter. Compared to the year ending 2009, preliminary house sales in 2010 were down about 24 per cent.
CAIRns ReGIonALOver the quarter, agents reported a marked absence of first home buyer and investor activity. The predominant activity over the period was from second and third tier buyers who were purchasing properties in the middle to upper-level price ranges.
The region normally has its busy period in the first three months of the year, but agents are currently reporting a continuation of low activity, which was further exacerbated by the threat of Cyclone Yasi in early February.
Local agents say that as well as a lack of confidence, there needs to be a sustained effort to help first home buyers into the market which in turn will allow the market to kick into first gear.
Steady performers over the December quarter included Brinsmead, up 5.6 per cent to $415,000; Manunda, up 8.2 per cent to $330,000; and Trinity Beach, which was up 3.4 per cent to $382,500.
The Cairns median unit and townhouse price for the December quarter was down 4.4 per cent to $233,000 over the period.
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 31
CAIRns ReGIonAL
44
41
34
254
265
260
684
628
511
282
270
239
47
37
46
JUN 10
SEP 10
DEC 10
BRISBANE CITY UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
102
113
98
224
231
172
110
71
79
45
38
31
0
4
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
123
104
116
428
374
291
405
282
269
258
191
178
46
50
61
JUN 10
SEP 10
DEC 10
GOLD COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
45
46
58
139
140
125
146
99
102
87
77
84
19
24
15
JUN 10
SEP 10
DEC 10
SUNSHINE COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
28
20
14
14
12
10
4
6
2
3
3
2
JUN 10
SEP 10
DEC 10
BUNDABERG UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
80
119
124
69
56
46
30
32
24
25
21
25
JUN 10
SEP 10
DEC 10
CAIRNS UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
32
20
16
24
14
8
10
4
2
8
6
1
JUN 10
SEP 10
DEC 10
FRASER COAST UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
9
17
13
9
5
13
14
4
19
5
6
6
JUN 10
SEP 10
DEC 10
GLADSTONE UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
23
22
26
38
31
44
19
21
18
12
11
17
JUN 10
SEP 10
DEC 10
TOWNSVILLE UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
14
20
9
12
26
19
9
9
9
8
7
4
JUN 10
SEP 10
DEC 10
MACKAY UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
16
23
16
12
8
18
10
14
14
4
4
2
JUN 10
SEP 10
DEC 10
ROCKHAMPTON UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
47
45
43
22
26
23
5
7
2
2
2
3
JUN 10
SEP 10
DEC 10
TOOWOOMBA UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
54
38
14
49
54
27
36
34
29
15
15
12
JUN 10
SEP 10
DEC 10
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
417
436
277
96
77
76
27
12
17
3
8
14
JUN 10
SEP 10
DEC 10
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
83
52
20
41
25
11
8
1
7
14
6
16
JUN 10
SEP 10
DEC 10
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
52
39
36
47
18
24
15
18
19
11
9
6
JUN 10
SEP 10
DEC 10
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
44
44
58
4
0
4
0
2
2
JUN 10
SEP 10
DEC 10
BUNDABERG LAND SALES<$250,000 <$350,000 $350,000+
56
53
49
8
6
4
3
8
7
JUN 10
SEP 10
DEC 10
CAIRNS LAND SALES<$250,000 <$350,000 $350,000+
57
53
91
3
3
4
1
0
1
JUN 10
SEP 10
DEC 10
FRASER COAST LAND SALES<$250,000 <$350,000 $350,000+
81
57
122
1
4
9
3
2
2
JUN 10
SEP 10
DEC 10
GLADSTONE LAND SALES<$250,000 <$350,000 $350,000+
58
55
59
12
4
7
5
2
4
JUN 10
SEP 10
DEC 10
TOWNSVILLE LAND SALES<$250,000 <$350,000 $350,000+
81
68
37
2
13
7
4
3
5
JUN 10
SEP 10
DEC 10
MACKAY LAND SALES<$250,000 <$350,000 $350,000+
67
70
89
4
3
4
0
0
2
JUN 10
SEP 10
DEC 10
ROCKHAMPTON LAND SALES<$250,000 <$350,000 $350,000+
54
56
114
7
5
2
2
0
1
JUN 10
SEP 10
DEC 10
TOOWOOMBA LAND SALES<$250,000 <$350,000 $350,000+
HOUSES
Suburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr” Dec 2010 1yr” 5yrs
MEDIAN SALES DATAThe unit market has been particularly hard hit in Cairns over the past 12 months. Substantially lower prices are being recorded as sellers have little choice but to lower their price expectations if they wish to meet the market and make a sale.
Prices however remained firm in Cairns City (up 3.2 per cent) and Cairns North (up 5.7 per cent) over the December quarter. New waterfront units in Yorkeys Knob saw the suburbs median jump 27.7 per cent over the same period.
Median land prices The median land price in Cairns increased 7.7 per cent to $182,500 over the period with 52 preliminary sales of land less than 2,400sqm recorded.
The predominant buyer of vacant land in Cairns is generally second and third tier buyers. Agents are reporting that these buyers are purchasing quality land that may have been out of their price range a few years ago – however lower demand has brought with it lower prices, ensuring that many people are taking advantage any opportunities currently available.
Median rents The median rent for a three-bedroom house in Cairns remained flat at $300 per week between December 2010 and December 2009. The median rent for a two-bedroom unit increased by $5 to $250 over the same period.
With steady rents, the gross yield for houses over the December quarter also remained unchanged at 4.3 per cent. In the unit market, gross yields were up slightly to 5.6 per cent, largely due to easing in the median unit price over the quarter.
CAIRNS (LGA) 342 $361,000 -0.8% $368,000 2.2% 31.4%
CAIRNS (LGA) ^ ~ 12 N/A N/A $600,000 4.8% 30.0%
BAYVIEW HEIGHTS ~ 10 $355,000 -0.4% $347,500 -3.5% 30.8%
BENTLEY PARK ~ 28 $320,000 -2.1% $332,500 -0.4% 29.4%
BRINSMEAD 15 $415,000 5.6% $408,500 2.8% 20.1%
CLIFTON BEACH 12 $520,000 N/A $500,000 4.7% 25.0%
EARLVILLE ~ 5 N/A N/A $302,000 -12.5% 10.2%
EDGE HILL ~ 13 $540,000 N/A $485,000 17.2% 38.6%
EDMONTON ~ * 20 $286,000 -12.0% $325,000 -3.0% 35.4%
FRESHWATER 5 N/A N/A $490,000 N/A 36.1%
GORDONVALE ~ 9 $272,000 -3.9% $290,000 -4.3% 31.8%
HOLLOWAYS BEACH ~ * 5 N/A N/A $347,000 -2.7% 9.5%
KANIMBLA ~ 8 $422,250 -10.6% $440,000 -5.1% 19.9%
KEWARRA BEACH ~ f 20 $373,500 -11.1% $390,000 -4.6% 30.0%
MANUNDA ~ 7 $330,000 8.2% $305,000 -4.7% 28.6%
MOOROOBOOL ~ 17 $380,000 14.3% $355,500 6.9% 36.7%
MOUNT SHERIDAN 30 $317,500 -0.5% $343,000 2.4% 28.9%
PARRAMATTA PARK ~ 7 $400,000 11.9% $376,500 -3.8% 22.4%
REDLYNCH ~ 23 $390,000 -12.6% $408,000 -1.0% 17.4%
SMITHFIELD ~ * 11 $360,000 0.0% $362,000 -4.5% 35.3%
TRINITY BEACH ~ * 14 $382,500 3.4% $387,500 -0.5% 25.5%
TRINITY PARK + * 13 $373,000 -0.5% $383,500 1.2% 38.7%
WESTCOURT 5 N/A N/A $311,000 -2.5% 25.7%
WHITE ROCK ~ g 6 N/A N/A $278,060 -0.7% 29.3%
WHITFIELD ~ 14 $495,000 17.9% $450,000 4.0% 38.9%
WOREE ~ 4 N/A N/A $340,000 15.3% 46.9%
CAIRNS (LGA) ~ * f 219 $233,000 -4.4% $255,000 1.6% 34.2%
BUNGALOW ~ 5 N/A N/A $160,000 -21.6% -7.8%
CAIRNS CITY 21 $490,000 3.2% $448,500 3.1% 44.2%
CAIRNS NORTH 18 $296,500 5.9% $291,500 2.3% 29.6%
CLIFTON BEACH * f 3 N/A N/A $290,000 -5.7% N/A
EARLVILLE * 9 $255,000 -7.3% $265,000 N/A 88.6%
EDGE HILL 9 $183,500 -18.1% $222,500 10.1% 63.6%
MANOORA ~ 9 $143,000 -20.6% $190,750 -2.4% 30.2%
MANUNDA * 19 $170,000 -10.5% $180,000 -5.6% 38.5%
MOOROOBOOL * 4 N/A N/A $205,000 -13.5% 28.1%
PALM COVE ~ * f 13 $280,000 -37.8% $307,500 -15.2% -16.1%
PARRAMATTA PARK ~ 3 N/A N/A $260,000 15.0% 32.7%
PORT DOUGLAS * f 12 $450,000 7.7% $418,000 -8.1% 13.0%
TRINITY BEACH * f 19 $255,000 -6.4% $266,000 -11.3% 19.6%
WESTCOURT * 3 N/A N/A $240,000 -25.2% -0.9%
YORKEYS KNOB * f 7 $300,000 27.7% $232,500 16.3% 25.7%
CAIRNS (LGA) * 52 $182,500 7.7% $169,000 0.0% 53.6%
CAIRNS (LGA) ^ ~ 8 N/A N/A $242,500 -2.0% 118.5%
BENTLEY PARK 3 N/A N/A $146,900 1.3% 72.8%
EDMONTON * 1 N/A N/A $134,650 8.6% 49.6%
GORDONVALE * 3 N/A N/A $121,600 8.3% 6.2%
MOUNT SHERIDAN * 3 N/A N/A $197,500 12.9% 93.6%
REDLYNCH * 15 $175,000 -2.8% $175,000 2.9% 29.2%
SMITHFIELD * 4 N/A N/A $180,000 -9.5% N/A
TRINITY BEACH * 3 N/A N/A $174,000 -3.3% N/A
TRINITY PARK * f ~ 5 $409,000 109.7% $175,000 2.9% -53.1%
UNITS & TOWNHOUSES
VACANT URBAN LAND
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 32
MARKETMONITORQ
UE
EN
SLA
ND
ContentsCAIRns ReGIonAL
2 BEDROOM FLATS/UNITS
3 BEDROOM HOUSES
Suburbs/Localities
Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS
3 BEDROOM TOWNHOUSES
Suburbs/Localities
Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS
CAIRNS REGIONAL COUNCIL AREA $300 499 $300 528
Cairns Region $300 454 $300 477
4865 Goldsborough/ Gordonvale/ Green Hill/ etc. $255 15 $260 18
4868 Bayview Heights/ Mount Sheridan/ White Rock/ etc. $300 90 $300 103
4869 Bentley Park/ Edmonton/ Mt Peter/ etc. $280 76 $280 64
4870 Cairns & suburbs of Cairns $310 150 $320 157
4878 Caravonica/ Holloways Beach/ Machans Bch/ etc. $310 57 $320 42
4879 Clifton Beach/ Kewarra Beach/ Palm Cove/ etc. $310 61 $320 93
Douglas Region $310 45 $260 22
4873 Mossman/ Cooya Beach/ Cow Bay/ Miallo/ etc $290 27 $250 15
4877 Port Douglas/ Craiglie/ Mowbray/ Oak Beach $370 18 $400 7
CAIRNS REGIONAL COUNCIL AREA $250 980 $240 969
Cairns Region $245 897 $245 869
4865 Goldsborough/ Gordonvale/ Green Hill/ etc. $200 5 $210 6
4868 Bayview Heights/ Mount Sheridan/ White Rock/ etc. $220 107 $210 67
4869 Bentley Park/ Edmonton/ Mt Peter/ etc. $200 18 $200 16
4870 Cairns & suburbs of Cairns $240 575 $245 609
4878 Caravonica/ Holloways Beach/ Machans Bch/ etc. $250 82 $245 55
4879 Clifton Beach/ Kewarra Beach/ Palm Cove/ etc. $260 110 $260 115
Douglas Region $265 83 $250 81
4873 Mossman/ Cooya Beach/ Cow Bay/ Miallo/ etc $180 13 $200 15
4877 Port Douglas/ Craiglie/ Mowbray/ Oak Beach $270 70 $260 66
CAIRNS REGIONAL COUNCIL AREA $220 149 $230 126
Cairns Region $220 135 $230 114
4868 Bayview Heights/ Mount Sheridan/ White Rock/ etc. $200 9 $220 11
4869 Bentley Park/ Edmonton/ Mt Peter/ etc. $220 15 $210 10
4870 Cairns & suburbs of Cairns $220 58 $230 39
4878 Caravonica/ Holloways Beach/ Machans Bch/ etc. $220 40 $230 32
4879 Clifton Beach/ Kewarra Beach/ Palm Cove/ etc. $225 12 $250 21
Douglas Region $300 14 $280 12
4877 Port Douglas/ Craiglie/ Mowbray/ Oak Beach $300 13 $280 12
otHeR ReGIonAL AReAs
Median house and unit prices With the resources sector well and truly back in the limelight, it’s no surprise to see the traditional mining centres pick up in activity. Regions such as Banana, Central Highlands and Maranoa all recorded an increase in preliminary house sales numbers over the December quarter. The latter two also recorded a significant increase in median house price over the quarter as homes in the upper end of the market were targeted by astute buyers.
In the Banana region, newly built homes coming onto the market in Biloela are helping supply keep up with demand, as are new home completions in Emerald, in the Central Highlands district.
The unit and townhouse market in other regional areas makes up just a small part of their respective residential markets. In the Whitsunday local government area, sales of new waterfront homes seen in previous quarters have eased, resulting in Cannonvale’s December quarter median declining 2.5 per cent. However with a number of new units recorded over the 2010 calender year, the town’s median unit and townhouse price was up a 14.8 per cent.
Median land prices Sales in new land subdivisions were behind a number of fluctuations in median land prices for other regional areas. Cassowary Coast and South Burnett in particular posted large fluctuations in their median, with new land sales up compared to the September quarter. Land in the Gympie region and acreage land in the Western Downs also recorded increased activity for new sales.
Median RentsThe RTA’s median weekly rents reported relatively steady prices for the December quarter 2010, with the exception of mining towns that have experienced, or continue to experience, high asking rents due to a lack of supply.
Gross rental yields in these areas are amongst the highest for the state, with Isaac Regional topping the list with a gross house yield of 7.3 per cent, followed by Mount Isa and Maranoa with 6.4 and 6.3 per cent respectively.
In the Isaac region, ULDA projects are planned to increase land available for development to help ease the rental situation, where supply is struggling to keep up with demand resulting in exorbitant rental prices.
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 33
otHeR ReGIonAL AReAs
HOUSES continuedHOUSES
Suburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
BALONNE (LGA) ~ 7 N/A N/A $165,000 -2.4% 26.9%
BANANA SHIRE (LGA) 22 $277,500 N/A $275,000 3.8% 75.7%
BANANA SHIRE (LGA) ^ 1 N/A N/A $385,000 N/A 54.0%
BILOELA 19 $280,000 -3.4% $285,000 0.0% 58.3%
BARCALDINE (LGA) 2 N/A N/A $157,500 3.3% 377.3%
BLACKALL TAMBO (LGA) 5 N/A N/A $132,500 N/A 177.5%
BURDEKIN (LGA) 21 $230,000 -2.1% $240,000 6.2% 92.0%
BURDEKIN (LGA) ^ 3 N/A N/A $350,000 N/A 75.0%
AYR 14 $279,000 11.6% $252,750 5.3% 85.8%
CASSOWARY COAST (LGA) ~ 24 $280,000 16.7% $272,500 4.8% 62.2%
CASSOWARY COAST (LGA) ^ ~ 6 N/A N/A $342,500 -6.2% 37.0%
CENTRAL HIGHLANDS (LGA) ~ 85 $370,000 14.6% $350,000 2.9% 45.8%
CENTRAL HIGHLANDS (LGA) ^ 15 $520,000 N/A $472,500 14.5% 42.7%
BLACKWATER 19 $320,000 1.6% $310,000 8.8% 54.0%
EMERALD * 57 $380,000 9.5% $376,000 0.3% 31.9%
EMERALD ^ 12 $563,250 N/A $547,000 1.3% 30.2%
CHARTERS TOWERS (LGA) ~ 18 $232,500 22.4% $192,000 -12.7% 74.5%
CHARTERS TOWERS (LGA) ^ ~ 4 N/A N/A $360,000 -4.0% 94.6%
QUEENTON ~ 3 N/A N/A $180,000 -26.5% 100.0%
GOONDIWINDI (LGA) ~ 15 $255,000 0.6% $250,000 -0.6% 42.9%
GOONDIWINDI ~ 13 $285,000 5.6% $265,000 -12.4% 29.3%
GYMPIE (LGA) ~ 58 $273,000 -5.9% $285,000 0.0% 32.6%
GYMPIE (LGA) ^ 50 $354,250 2.7% $357,000 -0.8% 32.7%
COOLOOLA COVE 4 N/A N/A $300,000 -5.9% 30.4%
CURRA ^ ~ 11 $290,000 -13.4% $306,000 5.9% 65.4%
GYMPIE 25 $245,000 -7.5% $265,000 0.0% 32.5%
SOUTHSIDE ~ 6 N/A N/A $327,500 -2.5% 30.0%
THE PALMS ^ 1 N/A N/A $367,500 N/A 59.8%
TIN CAN BAY 6 N/A N/A $340,000 9.7% 20.4%
HINCHINBROOK (LGA) 13 $285,000 N/A $257,500 -0.6% 90.7%
INGHAM 7 $240,000 N/A $235,000 -2.6% 88.0%
ISAAC (LGA) 47 $430,000 -1.7% $430,000 7.5% 65.4%
ISAAC (LGA) ^ 1 N/A N/A $377,500 N/A 99.7%
CLERMONT 8 $262,500 1.9% $292,500 0.9% 143.8%
DYSART 10 $430,000 N/A $420,000 0.0% 189.7%
MORANBAH ~ 26 $452,500 -5.5% $455,000 4.0% 56.1%
LOCKYER VALLEY (LGA) 19 $277,000 -0.2% $275,000 2.2% 52.8%
LOCKYER VALLEY (LGA) ^ ~ 57 $345,000 -3.2% $350,000 3.6% 43.0%
GATTON ~ 12 $266,000 -5.3% $290,000 4.1% 48.3%
KENSINGTON GROVE ^ ~ 7 $342,500 N/A $367,500 -0.7% 50.4%
LAIDLEY 3 N/A N/A $262,500 7.6% 51.3%
LAIDLEY HEIGHTS ^ 4 N/A N/A $360,000 16.9% 51.7%
PLAINLAND ^ 4 N/A N/A $370,000 17.5% 97.9%
REGENCY DOWNS ^ 4 N/A N/A $332,500 3.9% 47.8%
LONGREACH (LGA) 13 N/A N/A $238,000 1.3% 83.1%
LONGREACH ~ 10 $215,000 -39.4% $250,000 4.2% 83.2%
MARANOA (LGA) ~ 30 $280,750 17.7% $276,500 12.9% 112.7%
ROMA 24 $289,000 -1.2% $288,000 12.4% 94.6%
MOUNT ISA CITY (LGA) 39 $350,000 2.9% $350,000 8.4% 112.1%
HEALY ~ 7 $445,000 20.3% $381,500 7.5% 80.6%
MORNINGTON 2 N/A N/A $333,500 11.2% 130.0%
SOLDIERS HILL 6 N/A N/A $330,000 3.9% 88.6%
SUNSET 4 N/A N/A $340,000 5.6% 92.1%
TOWNVIEW 8 $394,000 N/A $345,000 7.8% 99.7%
MURWEH (LGA) 11 N/A N/A $140,000 3.3% 81.8%
CHARLEVILLE ~ 11 $150,000 -9.6% $155,500 8.7% 90.8%
NORTH BURNETT (LGA) ~ 12 N/A N/A $157,000 -4.8% 53.2%
NORTH BURNETT (LGA) ^ 7 N/A N/A $204,250 N/A 46.9%
SCENIC RIM (LGA) 38 $375,000 0.0% $375,000 6.5% 41.5%
SCENIC RIM (LGA) ^ ~ 24 $457,500 0.2% $505,000 16.1% 40.3%
BEAUDESERT ~ 11 $340,500 15.4% $340,000 9.7% 51.1%
BOONAH ~ 5 N/A N/A $265,000 -5.4% 33.5%
KOORALBYN ^ ~ 4 N/A N/A $330,000 -0.6% 45.1%
TAMBORINE ^ ~ 1 N/A N/A $592,500 19.7% 53.9%
TAMBORINE MOUNTAIN ~ 14 $450,500 -3.1% $440,000 -1.1% 21.9%
TAMBORINE MOUNTAIN ^ 1 N/A N/A $800,000 10.1% 15.9%
SOMERSET (LGA) ~ * 26 $275,000 8.1% $265,000 -2.8% 55.9%
SOMERSET (LGA) ^ 30 $370,000 0.0% $382,500 6.3% 49.7%
LOWOOD * 4 N/A N/A $262,500 -0.9% 54.4%
LOWOOD ^ ~ 6 $390,000 10.6% $345,000 9.0% 36.9%
SOUTH BURNETT (LGA) ~ 38 $189,500 -20.0% $226,500 -4.0% 37.3%
SOUTH BURNETT (LGA) ^ ~ 21 $310,000 14.8% $285,000 3.6% 54.1%
BOOIE ^ ~ 6 $304,875 N/A N/A N/A N/A
KINGAROY 15 $225,000 -17.0% $262,750 2.2% 39.4%
KINGAROY ^ 4 N/A N/A $420,000 0.0% 47.4%
MURGON ~ 8 $176,500 11.0% $159,625 -13.7% 27.7%
NANANGO ~ 9 $170,000 -22.7% $210,000 -7.3% 31.5%
SOUTHERN DOWNS (LGA) 62 $257,000 4.0% $245,000 4.3% 40.0%
SOUTHERN DOWNS (LGA) ^ ~ 24 $340,000 1.5% $330,000 -3.3% 37.5%
STANTHORPE ~ 14 $223,500 -11.7% $249,500 9.7% 45.1%
WARWICK ~ 39 $260,000 9.2% $245,000 -0.4% 36.1%
TABLELANDS (LGA) 37 $305,000 1.7% $290,000 0.0% 61.1%
TABLELANDS (LGA) ^ ~ 31 $367,500 -5.8% $408,000 -0.5% 51.1%
ATHERTON ~ 19 $285,000 -19.7% $312,250 -8.2% 47.3%
KURANDA ^ ~ 8 $415,000 6.4% $420,000 -9.7% 27.3%
MAREEBA ~ 9 $305,000 13.5% $278,000 -0.4% 63.5%
WEIPA TOWN (LGA) 9 N/A N/A $375,000 4.2% 69.5%
WESTERN DOWNS (LGA) 44 $255,250 0.1% $265,000 8.2% 76.7%
WESTERN DOWNS (LGA) ^ ~ 17 $310,000 -20.3% $355,000 9.2% 136.7%
CHINCHILLA ~ 19 $320,000 12.3% $287,000 4.7% 71.3%
CHINCHILLA ^ 2 N/A N/A $405,000 N/A 120.1%
DALBY ~ 14 $239,500 -18.8% $273,750 5.7% 64.9%
DALBY ^ 5 $315,000 N/A $428,000 0.0% 44.6%
MILES ~ 3 N/A N/A $260,000 13.7% 179.6%
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 34
MARKETMONITORQ
UE
EN
SLA
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ContentsotHeR ReGIonAL AReAs
Suburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
HOUSES continued
VACANT URBAN LAND
WHITSUNDAY (LGA) ~ 43 $385,000 5.5% $367,250 -8.2% 53.0%
WHITSUNDAY (LGA) ^ 7 N/A N/A $496,250 2.3% 43.8%
BOWEN 11 $387,000 6.3% $360,000 2.3% 67.4%
CANNONVALE ~ 14 $438,500 -0.3% $442,500 -3.3% 16.4%
COLLINSVILLE * 4 N/A N/A $185,000 N/A 137.2%
PROSERPINE 5 N/A N/A $359,000 2.6% 61.0%
CENTRAL HIGHLANDS (LGA) * 11 N/A N/A $292,500 -1.7% 42.7%
EMERALD * 11 $297,000 -7.9% $292,500 -3.7% 42.7%
GYMPIE (LGA) 5 N/A N/A $298,354 9.4% 31.7%
SCENIC RIM (LGA) ~ 3 N/A N/A $200,000 -0.7% 66.7%
SOUTH BURNETT (LGA) 3 N/A N/A $189,500 0.8% 16.3%
SOUTHERN DOWNS (LGA) 3 N/A N/A $249,900 7.3% 58.7%
WHITSUNDAY (LGA) * f 15 $305,000 0.0% $345,000 2.2% 10.0%
CANNONVALE * f 10 $292,500 -2.5% $345,000 14.8% 22.3%
BANANA (LGA) * 0 N/A N/A $134,000 4.9% 179.2%
BILOELA * 0 N/A N/A $133,000 N/A 77.3%
BARCALDINE (LGA) 1 N/A N/A $90,000 N/A N/A
BURDEKIN (LGA) ~ 2 N/A N/A $145,000 N/A 314.3%
AYR * 1 N/A N/A $150,000 N/A N/A
CASSOWARY COAST (LGA) ~ * 16 $233,250 72.8% $135,000 6.3% 35.0%
CASSOWARY COAST (LGA) ^ ~ 9 N/A N/A $171,000 27.6% 94.3%
CARDWELL ~ * 7 $235,000 N/A N/A N/A N/A
SOUTH MISSION BEACH 5 $155,500 N/A N/A N/A N/A
CENTRAL HIGHLANDS (LGA) * 17 $137,000 5.4% $128,000 10.8% 85.5%
CENTRAL HIGHLANDS (LGA) ^ 4 N/A N/A $215,000 N/A 43.3%
BLACKWATER * 0 N/A N/A $116,025 25.4% 152.2%
EMERALD * G 11 $150,000 3.4% $136,500 9.2% 33.2%
EMERALD ^ * 1 N/A N/A $239,750 N/A 41.0%
CHARTERS TOWERS (LGA) ^ 4 N/A N/A $153,250 7.7% 226.1%
GOONDIWINDI (LGA) ~ 4 N/A N/A $32,250 -57.0% -43.9%
GYMPIE (LGA) ~ * f 21 $128,000 18.5% $125,000 1.4% 40.4%
GYMPIE (LGA) ^ ~ * 18 $155,000 23.0% $146,250 1.0% 33.0%
CURRA ^ * 2 N/A N/A $113,000 -0.9% 44.9%
GYMPIE * 9 $133,500 14.1% $125,000 19.0% 47.1%
TIN CAN BAY * f 2 N/A N/A $134,250 N/A -3.8%
HINCHINBROOK (LGA) 7 N/A N/A $100,000 11.1% 59.5%
FORREST BEACH 3 N/A N/A $95,000 5.6% N/A
ISAAC (LGA) G 9 N/A N/A $150,000 25.0% 328.6%
CLERMONT G 5 $97,100 N/A N/A N/A N/A
MORANBAH * G 3 N/A N/A $161,900 34.9% 414.0%
UNITS & TOWNHOUSES
VACANT URBAN LAND continuedLOCKYER VALLEY (LGA) 28 $129,000 N/A $125,000 5.9% 78.6%
LOCKYER VALLEY (LGA) ^ ~ * 27 $145,000 -5.1% $143,000 2.1% 73.3%
ADARE ^ * 3 N/A N/A $122,000 N/A N/A
HATTON VALE ^ * 2 N/A N/A $131,900 N/A N/A
KENSINGTON GROVE ^ ~ 5 $153,000 N/A $132,000 -8.0% 46.7%
LAIDLEY ~ * 13 $129,000 -2.3% $125,000 8.7% N/A
LAIDLEY NORTH 10 $129,000 N/A $125,000 N/A N/A
REGENCY DOWNS ^ * 4 N/A N/A $155,000 10.9% 100.0%
MARANOA (LGA) ~ * 6 N/A N/A $106,000 86.0% 137.4%
ROMA * 3 N/A N/A $120,000 N/A 140.0%
MOUNT ISA CITY (LGA) 3 N/A N/A $85,000 N/A 117.9%
MURWEH (LGA) ^ 5 N/A N/A $90,000 N/A N/A
CHARLEVILLE ^ 5 $86,500 N/A $88,250 N/A N/A
NORTH BURNETT (LGA) ~ 4 N/A N/A $29,500 -34.4% 47.5%
NORTH BURNETT (LGA) ^ ~ 3 N/A N/A $100,000 -23.1% 270.4%
SCENIC RIM (LGA) ~ 5 N/A N/A $177,950 -4.1% 54.7%
SCENIC RIM (LGA) ^ ~ * 14 N/A N/A $190,000 -13.5% 26.7%
BEAUDESERT 3 N/A N/A $197,000 1.0% 68.4%
KOORALBYN ^ 3 N/A N/A $119,500 8.1% 66.6%
SOMERSET (LGA) * 29 $125,000 -8.8% $131,000 2.3% 74.7%
SOMERSET (LGA) ^ ~ 8 N/A N/A $195,000 -11.4% 69.6%
FERNVALE * 9 $153,000 -1.3% $139,000 5.7% N/A
LOWOOD * G 14 $125,000 N/A $120,500 -7.3% 53.0%
SOUTH BURNETT (LGA) ~ * 15 $85,000 77.1% $80,000 -6.4% 128.6%
SOUTH BURNETT (LGA) ^ * 23 $89,000 -16.8% $95,000 -5.0% 82.7%
KINGAROY * 6 $96,500 -8.1% $108,000 -1.8% 52.1%
KINGAROY ^ * 1 N/A N/A $160,000 14.3% 105.1%
MEMERAMBI * 5 $80,000 N/A N/A N/A N/A
MEMERAMBI ^ * 1 N/A N/A $75,000 N/A 172.7%
SOUTHERN DOWNS (LGA) 10 N/A N/A $92,000 2.3% 67.3%
SOUTHERN DOWNS (LGA) ^ 13 N/A N/A $149,500 3.1% 73.8%
ROSENTHAL HEIGHTS 4 N/A N/A $92,500 N/A N/A
WARWICK 2 N/A N/A $97,000 4.4% 63.0%
TABLELANDS (LGA) ~ * 12 N/A N/A $105,000 -8.7% 61.5%
TABLELANDS (LGA) ^ ~ 23 $169,000 -2.2% $185,000 -2.0% 76.2%
ATHERTON 3 N/A N/A $125,000 4.2% 82.5%
KURANDA ^ 4 N/A N/A $195,000 N/A 51.8%
MAREEBA ^ ~ 6 $108,000 -29.6% $99,000 -1.0% 65.0%
WESTERN DOWNS (LGA) 17 $120,000 N/A $117,500 6.9% 161.1%
WESTERN DOWNS (LGA) ^ ~ * 21 $112,000 13.1% $99,000 10.0% 209.4%
CHINCHILLA * 8 $120,000 0.0% $110,000 13.4% 96.4%
CHINCHILLA ^ * 8 $135,000 4.2% $130,000 36.8% 71.1%
DALBY 6 $120,000 N/A $119,500 1.7% 100.8%
DALBY ^ ~ * 3 N/A N/A $99,000 -8.1% 52.3%
TARA ^ 6 $42,500 N/A $41,000 6.5% 75.6%
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 35
otHeR ReGIonAL AReAs
VACANT URBAN LAND continued
3 BEDROOM HOUSES
MEDIAN WEEKLY RENTSSuburbs/Localities
Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)Po
stco
de
Suburb/ Number of Dec change 12 mths to change changeLocality Sales Dec Qtr over the end of over over Qtr 2010 2010 qtr Dec 2010 1yr 5yrs
MEDIAN SALES DATA
WHITSUNDAY (LGA) 25 $150,000 0.7% $160,000 3.2% 31.1%
WHITSUNDAY (LGA) ^ ~ 8 $197,500 N/A $240,000 -1.6% 41.2%
BOWEN ~ * 6 $145,000 -7.9% $166,000 14.5% 56.2%
CANNON VALLEY * 3 N/A N/A $149,000 N/A N/A
CANNONVALE * 6 $143,750 6.9% $151,000 -8.5% -12.5%
MEDIAN WEEKLY RENTSSuburbs/Localities
Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)Po
stco
de BANANA SHIRE $270 55 $285 45
4702 Banana/ Alton Downs/ Etna Creek/ etc. $280 50 n.a. 2
4715 Biloela/ Prospect/ Tarramba/ etc. $290 27 $195 12
4718 Moura/ Kianga/ Roundstone/ etc. $245 24 n.a. 2
BURDEKIN SHIRE $250 52 $230 57
4806 Home Hill/ Osborne/ Rangemore/ etc. $230 14 $225 14
4807 Ayr/ Eight Mile Creek/ Mulgrave/ etc. $250 33 $240 36
CASSOWARY COAST REGIONAL $270 87 $270 99
4849 Cardwell/ Hinchinbrook/ etc. $270 7 $300 11
4852 Mission Beach/ Wongaling Beach/ etc. $300 17 $300 17
4854 Bulgun/ Silky Oak/ Tully/ etc. $275 21 $270 12
4860 East Innisfail/ Innisfail/ Jubilee Heights/ etc. $250 38 $265 49
CENTRAL HIGHLANDS REGIONAL $420 105 $400 101
4717 Blackwater $525 31 $450 37
4720 Emerald/ Yamala $400 57 $380 42
4722 Buckland/ Springsure/ etc. $280 7 n.a. 4
4723 Capella/ Lilyvale/ etc. $335 9 $300 18
GYMPIE REGIONAL $250 190 $250 197
4570 Gympie/ Curra/ Imbil/ Monkland/ Southside/ etc. $250 147 $250 153
4580 Cooloola/ Tin Can Bay $250 31 $245 29
4581 Rainbow Beach/ Inskip $280 5 $260 5
4600-1 Kilkivan region $195 7 $170 10
ISAAC REGIONAL $600 96 $550 101
4721 Belyando/ Clermont/ etc. $350 13 $350 8
4742 Burton/ Nebo/ Oxford/ etc. $350 5 $380 5
4744 Moranbah $750 42 $550 67
4745 Dysart $1,200 15 $750 17
LOCKYER VALLEY REGIONAL $270 100 $260 97
4341 Hatton Vale/ Laidley/ Regency Downs/ etc. $260 40 $250 36
4342 Forest Hill/ Glenore Grove/ Lockrose/ etc. $260 12 $250 10
4343 Adare/ Gatton/ Woodlands/ etc. $280 45 $265 46
SCENIC RIM REGIONAL $300 101 $300 134
4270 Tamborine $330 8 $390 8
4271 Eagle Heights $355 12 $330 19
4272 Tamborine Mountain $400 14 $325 9
4275 Biddaddaba/ Boyland/ Canungra/ etc. $340 5 $350 10
4285 Beaudesert/ Cedar Vale/ Kooralbyn/ etc. $300 36 $300 53
4309 Aratula/ Kalbar $220 5 $250 7
4310 Boonah/ Duganden/ Mt Alford $250 17 $240 22
SOMERSET REGIONAL $265 60 $270 55
4311 Clarendon/ Coominya/ Lowood/ etc. $260 21 $250 26
4312 Esk/ Eskdale/ Caboonbah/ etc. $225 8 $230 7
4313 Toogoolawah/ Cressbrook/ Ottaba/ etc. $240 9 n.a. 3
4515 Kilcoy/ Glenfern/ Sandy Creek/ etc. $290 22 $290 19
SOUTH BURNETT REGIONAL $220 129 $220 115
4605 Cherbourg/ Murgon/ Oakdale/ etc. $190 16 $170 17
4606 Fairdale/ Greenview/ Wondai/ etc. $195 10 $195 8
4608 Charlestone/ Tingoora/ Wilkesdale/ etc. $190 7 n.a. 3
4610 Kingaroy/ Memerambi/ Wattle Grove/ etc. $240 58 $225 57
4615 Nanango/ Brooklands/ Tarong/ etc. $220 36 $220 30
SOUTHERN DOWNS REGIONAL $240 162 $225 134
4362 Allora/ Ellinthorp/ Goomburra/ etc. $240 6 n.a. 4
4370 Rosenthal Heights/ Mount Colliery/ Warwick/ etc. $240 74 $230 67
4380 Stanthorpe/ Amiens/ etc. $235 65 $200 39
TABLELANDS REGIONAL $270 167 $270 138
4872 Dimbulah/ Kairi/ Mt Garnett/ Tinaroo/ Walkamin $240 11 $250 6
4880 Mareeba/ Biboohra $270 59 $280 44
4881 Kuranda/ Koah/ Speewah $350 13 $330 7
4883 Atherton/ Upper Baron $290 42 $280 28
4884 Yungaburra/ Lake Eacham $300 6 $265 11
4885 Malanda/ Tarzali/ Jaggan $230 14 $250 11
4888 Ravenshoe/ Evelyn/ Millstream $220 15 $220 16
WESTERN DOWNS REGIONAL $265 126 $270 119
4405 Dalby/ Blaxland/ Tipton etc. $270 69 $285 63
4413 Chinchilla/ Hopeland/ Montrose/ etc. $270 33 $270 29
4415 Miles/ Myall Park/ etc. $265 11 $300 10
WHITSUNDAY REGIONAL $340 146 $350 155
Whitsunday Region $350 79 $360 96
4800 Cannon Valley/ Conway/ Proserpine/ etc. $300 22 $295 32
4802 Airlie Beach/ Cannonvale/ Whitsundays/ etc. $350 57 $380 64
Bowen Region $300 67 $330 59
4804 Collinsville $300 19 $270 17
4805 Bowen $330 48 $350 42
BALONNE SHIRE $190 18 $210 14
CHARTERS TOWERS REGIONAL $240 44 $250 40
COOK SHIRE $265 29 $270 37
HINCHINBROOK SHIRE $250 26 $250 29
GOONDIWINDI REGIONAL $245 31 $230 31
LONGREACH REGIONAL $250 19 $240 16
MARANOA REGIONAL $340 58 $270 55
MOUNT ISA CITY $430 88 $420 63
MURWEH SHIRE $210 16 $185 12
NORTH BURNETT REGIONAL $180 31 $170 26
3 BEDROOM HOUSES continued
Please see page 38 for legend and further notes
LOCAL GOVERNMENT DEC QTR SEP QTR DEC QTR SEP QTRAREA 2010 2010 2010 2010
SOUTH EAST QUEENSLAND
MAJOR REGIONAL AREAS
OTHER REGIONAL AREAS
HOUSES UNITS
www.reiq.com.auIssue 9 - December Quarter 2010 page 36
MARKETMONITORQ
UE
EN
SLA
ND
ContentsotHeR ReGIonAL AReAs
Suburbs/Localities
Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTSSuburbs/Localities
Dec Qtr 2010NewBonds
Dec Qtr 2009Rent ($)
NewBonds
Rent ($)Po
stco
de
MEDIAN WEEKLY RENTS
2 BEDROOM FLATS/UNITS 3 BEDROOM TOWNHOUSES
GRoss RentAL YIeLDs
BRISBANE CITY 3.8% 3.7% 4.7% 4.7%
IPSWICH CITY 4.7% 4.6% 4.7% 4.8%
LOGAN CITY 4.6% 4.7% 4.9% 5.0%
MORETON BAY REGIONAL 4.3% 4.2% 4.1% 4.2%
REDLAND CITY 4.0% 4.0% 4.5% 5.0%
GOLD COAST CITY 4.2% 4.3% 4.8% 5.0%
SUNSHINE COAST REGIONAL 4.2% 4.1% 4.4% 4.4%
BUNDABERG REGIONAL 4.8% 5.0% 4.3% 4.3%
CAIRNS REGIONAL 4.3% 4.3% 5.6% 5.3%
FRASER COAST REGIONAL 4.4% 4.4% 4.7% 3.9%
GLADSTONE REGIONAL 4.2% 4.1% 3.6% 4.9%
MACKAY REGIONAL 4.8% 5.0% 5.1% 4.7%
ROCKHAMPTON REGIONAL 5.0% 4.9% 4.0% 4.3%
TOOWOOMBA REGIONAL 4.4% 4.8% 4.5% 4.3%
TOWNSVILLE CITY 4.5% 4.7% 4.6% 4.6%
BANANA 5.1% N/A N/A N/A
BURDEKIN 5.7% N/A N/A N/A
CASSOWARY COAST 5.0% 5.9% N/A N/A
CENTRAL HIGHLANDS 5.9% 6.4% N/A 4.4%
CHARTERS TOWERS 5.4% 6.8% N/A N/A
GOONDIWINDI 5.0% 5.1% N/A N/A
GYMPIE 4.8% 4.4% N/A N/A
HINCHINBROOK 4.6% 7.1% N/A N/A
ISAAC 7.3% N/A N/A N/A
LOCKYER VALLEY 5.1% 4.7% N/A N/A
MARANOA 6.3% 7.0% N/A N/A
MOUNT ISA CITY 6.4% 6.9% N/A N/A
SCENIC RIM 4.2% 4.2% N/A N/A
SOMERSET 5.0% 5.3% N/A N/A
SOUTH BURNETT 6.0% 4.9% N/A N/A
SOUTHERN DOWNS 4.9% 4.8% N/A N/A
TABLELANDS 4.6% 4.7% N/A N/A
WESTERN DOWNS 5.4% 5.3% N/A N/A
WHITSUNDAY 4.6% 4.8% 4.4% 4.4%
CASSOWARY COAST REGIONAL $195 76 $200 86
4849 Cardwell/ Hinchinbrook/ etc. $250 10 $185 6
4852 Mission Beach/ Wongaling Beach/ etc. $235 17 $235 23
4854 Bulgun/ Silky Oak/ Tully/ etc. $170 8 $195 16
4860 East Innisfail/ Innisfail/ Jubilee Heights/ etc. $180 40 $180 38
CENTRAL HIGHLANDS REGIONAL $285 60 $270 51
4720 Emerald/ Yamala $300 54 $295 43
GYMPIE REGIONAL $182 49 $180 52
4570 Gympie/ Curra/ Imbil/ Monkland/ Southside/ etc. $180 35 $175 34
4580 Cooloola/ Tin Can Bay $225 5 $215 5
4581 Rainbow Beach/ Inskip $220 9 $220 11
SCENIC RIM REGIONAL $185 27 $185 30
4285 Beaudesert/ Cedar Vale/ Kooralbyn/ etc. $180 21 $185 18
SOUTH BURNETT REGIONAL $170 60 $165 55
4610 Kingaroy/ Memerambi/ Wattle Grove/ etc. $185 48 $180 39
4615 Nanango/ Brooklands/ Tarong/ etc. $150 6 $150 6
SOUTHERN DOWNS REGIONAL $180 74 $180 56
4370 Rosenthal Heights/ Mount Colliery/ Warwick/ etc. $190 48 $180 37
4380 Stanthorpe/ Amiens/ etc. $150 23 $160 18
TABLELANDS REGIONAL $190 63 $190 75
4880 Mareeba/ Biboohra $190 24 $185 31
4883 Atherton/ Upper Baron $200 32 $200 27
WESTERN DOWNS REGIONAL $190 51 $220 55
4405 Dalby/ Blaxland/ Tipton etc. $190 32 $220 26
4413 Chinchilla/ Hopeland/ Montrose/ etc. $200 14 $265 16
WHITSUNDAY REGIONAL $260 171 $280 165
Whitsunday Region $265 124 $300 134
4800 Cannon Valley/ Conway/ Proserpine/ etc. $230 9 $210 14
4802 Airlie Beach/ Cannonvale/ Whitsundays/ etc. $270 112 $300 113
Bowen Region $250 47 $205 31
4805 Bowen $250 43 $205 30
BANANA SHIRE $220 23 $195 16
BURDEKIN SHIRE $180 40 $180 36
CHARTERS TOWERS REGIONAL $175 16 $220 13
GOONDIWINDI REGIONAL $160 28 $160 32
HINCHINBROOK SHIRE $150 20 $160 19
ISAAC REGIONAL $220 16 $225 23
LOCKYER VALLEY REGIONAL $220 19 $200 17
MOUNT ISA CITY $310 95 $290 74
WHITSUNDAY REGIONAL $380 35 $375 24
Whitsunday Region $360 30 $375 24
4802 Airlie Beach/ Cannonvale/ Whitsundays/ etc. $365 27 $390 19
Bowen Region $395 5 n.a. 0
4805 Bowen $395 5 n.a. 0
Please see page 38 for legend and further notes
www.reiq.com.auIssue 9 - December Quarter 2010 page 37
exPLAnAtoRY 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 omitted
¹ Paradise Point statistics exclude Sovereign Island and Ephraim Island sales
² Historical figures recalculated to take into account group title sales
³ Medians affected by varying volumes of sales on the bay islands and mainland
⁴ Historical medians recalculated to exclude Teneriffe properties
SOURCE: REIQ. Raw data made available by QLD Department of Environment and Resource Management, (QVAS), via PriceFinder. This information has been carefully compiled and is not intended to be treated as a warranty or promise as to the correctness of the information. Interested parties should undertake independent enquiries and investigations to satisfy themselves that any details herein are true and correct. The REIQ does not allow this information to be used for advertising or marketing purposes. Enquiries about the reproduction of part or all of the information should be directed to the Marketplace Strategy Division, REIQ
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.
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
www.reiq.com.auIssue 9 - December Quarter 2010 page 38
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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 2010, 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
www.reiq.com.auIssue 9 - December Quarter 2010 page 39
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