We do hope that you will find the postings very helpful and informative.
Remember that with each lease renewal we provide our Property Investors with in-depth RP Data Comparable Property Analysis giving our a Clients a complete picture of comparable properties within a 1kim radius, what properties are available, how much they are asking in rent, length of time on market and actual rent achieved. Our focus is maximum returns with minimum downtime.
At a glance we offer:-
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Linda & Carlos Debello
“Your Local Property Management Specialist”
LJ Gilland Real Estate Pty Ltd (http://www.ljgrealestate.com.au)
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ZILLMERE 4034
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1. your state-wide property research guide suburb by suburb
REIQ
QUEENSLANDMARKETMONITORISSUE25
DEC QTR 2014
>p2
QMM STATE-WIDE COMMENTARY
STRONG YEAR
FOR QUEENSLAND
REAL ESTATE
Southeast Queensland, Toowoomba and Cairns were the
State’s star real estate performers in 2014, according to
fresh data released today by the Real Estate Institute of
Queensland (REIQ).
Meanwhile sales volumes for the state’s regional centres
over the year were significantly down on the previous
year, however over the last half of the year other market
indicators have pointed towards stabilizing and in some
cases improving sales market conditions.
State-wide the volume of residential sales for 2014
hit a five-year high, with a total of $51 billion worth of
residential property changing hands. While this is still
well below the peak of $73 billion recorded at the last peak
of the market in 2007, it is on par with that recorded at
the height of the boom of the early 2000s.
With actual sales numbers just over half that recorded
in 2003, the volume of sales is reflective of how much
property prices have grown over the past 10 years, despite
the downturn in the market over the past five years.
2. 2 QUEENSLAND MARKET MONITOR
REIQ RESEARCH EXPLANATORY NOTES
SALES MARKET DATA
All figures for the most recent quarterly and yearly periods
are preliminary only and subject to further revision as
additional sales records become available (see Research
Methodology online at reiq.com).
As of the June quarter 2013, all sales data includes
"Recent Sales" as advised by real estate agents as
well as official records as advised by DNRM. As such
comparisons with figures published prior to the June
quarter 2013 should be done with caution.
A median sale price is derived by arranging a set of sale
prices from lowest to highest and then selecting the
middle value within this set (ie the 50th percentile, where
half of recorded sales were less and half were higher than
the median).
Only suburbs and regions to record sufficient sales
numbers are published.
N/A
Due to insufficient sales numbers (as at the time of data
extraction) no median sale price has been calculated
(LGA) Local Government Area
Brisbane
(SD)
Brisbane Statistical Division which comprises the LGA’s
of Brisbane City, Ipswich City, Logan City, Moreton Bay
Regional and Redland City
# Figures based upon the new council boundaries
^
Indicates acreage sales only (with land size greater than
2400m2
). All other data is based upon sales with a land
size of less than 2400 m2
~
Median price changes influenced by varying quality of
stock sold
*
Median price changes influenced by varying quantities
of new properties sold
f
Median price changes influenced by varying quantities
of waterfront properties sold
t
Medians affected by varying quantities of townhouses
sold
G
Sales volumes and median affected by QLD government
sales in the area eg ULDA, NRAS sales.
Y Median affected by high yielding property sales
1
Median price changes influenced by the varying
volumes of sales between the Mainland and Bay Islands
areas
ON THE MARKET INDICATORS
At the time of publication, latest information available
was for the 12 months ending the month prior to the
current period.
"Days on Market" is calculated as the average number of
days it has taken to sell those properties sold by private
treaty sale during the 12 month period. The calculation
excludes auction listings and listings where an asking
price is not advertised. The days on market calculation
uses the contract date on the property compared with the
first advertised date.
"Vendor Discount" is the average difference between the
contract price on a property and the first advertised price.
The figure is expressed as a percentage and is an average
of all private treaty sales which sold for less than their
initial asking price during the last 12 months. Auction
listings and listings without an advertised asking price
are excluded from the calculation.
"Total Listings" is the total unique number of properties
that have been advertised for sale and captured by
RP Data over the 12 month period. To be included
in the count, the listings have to be matched to an
actual address.
"% Stock on Market" is the percentage of dwellings within
the suburb or local government area that have been listed
for sale over the past year.
Source: REIQ, data supplied by CoreLogic RP Data (www.corelogic.com.au)
PRICE POINT GRAPHS
All data contained within these graphs represent
preliminary sales numbers and are subject to revision as
additional sales records become available.
The data excludes any recent sales transactions where the
contract sale price was not disclosed.
The intention of these graphs is to gauge trends in sales
activity between periods in lieu of actual final sales results
Source: REIQ, data obtained from CoreLogic RPData
GROSS RENTAL YIELDS
House yields are based upon REIQ median house prices
and RTA weighted median weekly rent for houses.
Unit yields are based upon REIQ median unit &
townhouse prices and RTA weighted median weekly rent
for units and townhouses.
VACANCY RATES
All figures are based upon all residential rentals as at
the end of each quarterly period, as submitted by REIQ
accredited agents.
A vacancy rate of 3 per cent is generally considered to
indicate equilibrium of supply and demand within a
rental market.
N/A
Due to insufficient information received no vacancy rate
has been calculated
Source: REIQ Residential Rental Survey
RENTAL MARKET DATA
All median weekly rents are published on a postcode
basis, as calculated by the Residential Tenancies
Authority, where sufficient data is available.
Caution should be exercised when interpreting any
median rental price data based upon a relatively small
number of new bond lodgements.
Figures for the new LGA's available for the current
quarter only.
L
Listed localities (or suburbs) represent one of potentially
several that fall within that postcode.
N.A.
Due to insufficient new bond lodgements, no median
rental price has been calculated
Source: Residential Tenancies Authority, Rental Bond lodgements
(www.rta.qld.gov.au)
3. 3
STATE-WIDE SUMMARY
DECEMBER QUARTER 2014
FALLING
STABILISINGRECOVERING
RISING
BRISBANE HOUSE MARKETS
December Qtr 2014
Source: REIQ
Brisbane
Redland
↑Moreton Bay
Logan
Ipswich
FALLING
STABILISINGRECOVERING
RISING
QUEENSLAND HOUSE MARKETS
December Qtr 2014
Source: REIQ
Brisbane SD
Toowoomba
Gold Coast
Sunsine Coast
Cairns
Fraser Coast
Townsville
Gladstone
Bundaberg Rockhampton
↑Mackay
3 QUEENSLAND MARKET MONITOR
Queensland market update 1
REIQ Explanatory notes 2
Brisbane market updates
Brisbane City 6
Greater Brisbane 11
Regional market updates
Gold Coast 16
Toowoomba 19
Sunshine Coast 21
Fraser Coast 23
Bundaberg 25
Gladstone 27
Rockhampton 28
Mackay 30
Townsville 32
Cairns 34
Other Regional 36
On The Market Indicators 37
Total Listings
% Stock on Market
Average Vendor Discount
Average Days on Market
Rental Market Indicators 38
Gross rental yields
Residential vacancy rates
TABLE OF CONTENTS
REIQ
STATE-WIDE
SUMMARY CONTINUED
State-wide
the volume
of residential
sales for 2014
hit a five-year
high
On a regional basis however, the results remained varied,
with some markets still lagging behind.
The downturn in the mining sector and the ongoing
drought has continued to impact on the regional centres
of Gladstone, Mackay and Rockhampton, although local
agents report early signs of improvement since the start of
the year.
The improving conditions in the southeast are expected
to kick start growth in regional Queensland, giving a very
positive outlook for the state for the year ahead.
Local REIQ agents are reporting that confidence is on the
rise in key Queensland real estate markets, which augers
well for the rest of the year.
HOUSE MARKET
The strengthening sales volumes were beginning to
convert to increased property prices across the southeast
in 2014 compared to the previous year and over the
December quarter the median house price for the
Brisbane City Council area broke the $600,000 mark for
the first time on record.
The Gold and Sunshine Coasts were also amongst
the strongest performers with both regions recording
increases in their median house prices and sales volumes
over the year, along with Toowoomba and Cairns.
Average days on market continue to improve for most
parts of the state with the Brisbane LGA recording the
highest drop, down 20 days over 2014, to 56 average
days on market – which continues to make Brisbane the
quickest selling region.
Average vendor discounting remained relatively
stable in most parts of the state with the exception of
Rockhampton, Bundaberg, Mackay and Townsville.
All major centres made little movement on the property
cycle chart, except for Mackay where local agents say the
bottom of the market appears to have been reached.
Further evidence that the Queensland residential
property market continues to strengthen or show signs
of improvement, is the proportion of house sales to make
a profit.
4. 4 QUEENSLAND MARKET MONITOR
STATE-WIDE SUMMARY
HOUSES (<2400) UNITS & TOWNHOUSES VACANT LAND (<2400)
LGA
MEDIAN
SALE PRICE
QTRLY
CHANGE
SALES
ACTIVITY
CHANGE
MEDIAN
SALE PRICE
QTRLY
CHANGE
SALES
ACTIVITY
CHANGE
MEDIAN
SALE PRICE
QTRLY
CHANGE
SALES
ACTIVITY
CHANGE
GREATER BRISBANE
BRISBANE SD $482,000 3.5% 0% $385,000 0.0% -15% $215,900 0.4% -11%
BRISBANE $600,000 3.4% 3% $418,500 -0.4% -14% $345,000 3.0% -37%
IPSWICH $320,000 6.7% ~ -8% $240,000 -0.8% -21% $175,450 4.3% -21%
LOGAN $354,000 3.8% -6% $240,000 -0.4% -15% $197,500 5.1% * 13%
MORETON BAY $395,000 3.3% -2% $307,500 -3.7% -14% $223,500 6.0% 24%
REDLAND $479,000 2.4% 6% $338,000 -5.3% ~ -14% $35,000 -31.4% ~ f b -27%
TOURISM CENTRES
GOLD COAST $520,000 5.1% 7% $350,000 2.9% -6% $233,000 -0.4% -3%
SUNSHINE COAST $482,000 1.8% 14% $349,500 2.0% 0% $242,100 0.0% -1%
NOOSA $520,000 -0.5% -11% $375,000 -5.1% -16% $437,500 76.6% ~ f * 0%
FRASER COAST $285,000 -0.5% 12% $270,000 12.5% ~ f 8% $125,000 -16.7% ~ -28%
CAIRNS $390,000 2.9% -14% $208,000 -1.0% -14% $207,000 1.7% ~ -6%
REGIONAL CENTRES
BUNDABERG $275,000 2.2% -11% $265,000 12.8% ~ 3% $137,500 -4.5% -43%
GLADSTONE $356,250 -4.7% -9% $233,300 -36.9% ~ t 24% $200,500 -6.3% * 38%
MACKAY $370,000 -5.4% ~ -13% $365,000 21.3% ~ f -68% $203,500 -1.2% * -19%
ROCKHAMPTON $294,000 -3.6% -4% $350,000 -15.7% ~ -36% $120,500 -34.5% ~ * -57%
TOOWOOMBA $350,000 3.1% 0% $268,750 -3.7% -32% $155,000 -1.0% -57%
TOWNSVILLE $352,500 3.7% -6% $290,000 15.2% ~ -13% $167,000 3.2% -22%
ON THE
MARKET"
HOUSES (ALL) UNITS (ALL)
LGA
STOCK
ON
MARKET
DAYS ON
MARKET
VENDOR
DISCOUNT
STOCK
ON
MARKET
DAYS ON
MARKET
VENDOR
DISCOUNT
GREATER BRISBANE
BRISBANE SD 7.4% 66 -5.6% 7.4% 73 -5.1%
BRISBANE 6.6% 56 -5.5% 6.5% 63 -4.7%
IPSWICH 7.2% 82 -6.5% 10.4% 110 -7.2%
LOGAN 7.4% 75 -5.7% 10.5% 97 -6.2%
MORETON BAY 7.4% 72 -5.4% 9.3% 99 -5.7%
REDLAND 8.4% 70 -5.7% 9.1% 83 -5.2%
TOURISM CENTRES
GOLD COAST 7.9% 71 -6.0% 9.1% 91 -6.6%
SUNSHINE COAST 9.2% 85 -5.6% 9.6% 105 -6.4%
FRASER COAST 9.6% 108 -7.9% 8.3% 90 -7.2%
CAIRNS 6.8% 67 -5.7% 11.6% 104 -6.2%
REGIONAL QLD
BUNDABERG 8.4% 95 -7.9% 11.0% 143 -8.5%
GLADSTONE 7.7% 110 -9.9% 6.6% 130 -13.5%
MACKAY 7.0% 98 -9.8% 7.2% 137 -14.0%
ROCKHAMPTON 7.9% 94 -8.7% 7.2% 119 -8.0%
TOOWOOMBA 8.5% 63 -4.6% 8.3% 74 -4.4%
TOWNSVILLE 7.1% 90 -7.7% 10.0% 123 -9.8%
" Figures are for the 12 months ending November 2014
UNIT MARKET
The majority of unit markets across the state saw sales
volumes ease over the December quarter, except for the
Fraser Coast, Bundaberg and Gladstone where sales
volumes remained steady.
Over the year SEQ, along with Cairns and Toowoomba,
unit sales were up significantly compared to the previous
year. And while median sale prices improved over the year,
some regions are yet to see prices return to that recorded
five years ago.
Encouraging signs are movements in the top end of the
market, which was hardest hit by the GFC. Sales numbers
in the million-plus price point are beginning to improve,
however such properties appear to still be somewhat price
sensitive.
Toowoomba’s unit market remains strong, on the back
of buoyant interstate investor activity. The influx of new
developments into the market has seen the region’s
annual median sale price record a strong increase
compared to five years ago.
5. 5
STATE-WIDE SUMMARY
DECEMBER QUARTER 2014
FOR FULL ON THE MARKET AND RENTAL MARKET STATISTICS
BY LOCAL GOVERNMENT AREA, SEE PAGE 37-38
* change greater than 0.5 pts
^ Trend for rents over year, trend for yields are over the quarter
* change greater than $20 (rents) or 0.5 pts (yields)
VACANCY RATES
LGA/REGION' AS AT 31-DEC-14 TREND
GREATER BRISBANE
BRISBANE SD 2.3% UP
BRISBANE CITY 2.9% UP
IPSWICH CITY 2.5% UP
LOGAN CITY 2.0% UP
MORETON BAY 1.2% DOWN
REDLAND CITY 0.8% DOWN
TOURISM CENTRES
GOLD COAST CITY 2.2% UP
SUNSHINE COAST 1.1% STEADY
FRASER COAST 1.9% DOWN
CAIRNS 2.2% UP
REGIONAL QLD
BUNDABERG 4.4% UP
GLADSTONE 4.2% DOWN
MACKAY 10.3% UP
ROCKHAMPTON 5.2% UP
TOOWOOMBA 2.3% UP
TOWNSVILLE 4.7% STEADY
RENTAL TRENDS^ MEDIAN WEEKLY RENT GROSS RENTAL YIELDS
LGA 3-BED HOUSE 2-BED FLAT 3-BED TOWNHOUSE HOUSES UNITS
GREATER BRISBANE
BRISBANE CITY $420 UP $400 UP $405 STEADY 3.6% STEADY 5.0% STEADY
IPSWICH CITY $300 STEADY $255 UP $310 STEADY 4.9% DOWN 5.5% STEADY
LOGAN CITY $340 STEADY $260 STEADY $335 UP 5.0% STEADY 5.6% STEADY
MORETON BAY $340 UP $280 UP $340 UP 4.5% STEADY 4.7% UP
REDLAND CITY $390 UP $340 UP $390 UP 4.2% STEADY 5.2% UP
TOURISM CENTRES
GOLD COAST CITY $440 UP* $370 UP $395 UP 4.4% STEADY 5.5% STEADY
SUNSHINE COAST** $410 UP* $325 UP $400 UP* 4.4% STEADY 4.8% STEADY
NOOSA $430 UP* $375 UP* $500 UP* 4.3% STEADY 5.2% UP
FRASER COAST $285 UP $245 UP* $310 STEADY 5.2% STEADY 4.7% DOWN
CAIRNS $360 UP* $280 STEADY $350 STEADY 4.8% STEADY 7.0% STEADY
REGIONAL QLD
BUNDABERG $285 UP $225 UP $280 DOWN* 5.4% STEADY 4.4% DOWN
GLADSTONE $300 DOWN* $250 DOWN* $360 DOWN* 4.4% STEADY 5.6% UP*
MACKAY $320 DOWN* $245 DOWN* $350 DOWN* 4.5% STEADY 3.5% DOWN*
ROCKHAMPTON $295 DOWN* $230 DOWN* $345 DOWN* 5.2% STEADY 3.4% UP
TOOWOOMBA $310 UP* $250 UP $300 DOWN* 4.6% STEADY 4.8% UP
TOWNSVILLE CITY $320 DOWN* $280 STEADY $340 DOWN 4.7% STEADY 5.0% DOWN
RENTAL MARKET
Most of SEQ and the state’s tourism centers all finished
the 2014 calendar year with tight rental conditions, with
the vast majority having recorded a vacancy rate of less
than 2.5 per cent throughout 2014.
Typically the time of year, however, vacancy rates at
the end of December were up for eight of the 16 major
regional centers. In line with this trend is the total number
of new bonds lodged with the RTA over the December
quarter, which were down six per cent compared to the
September quarter.
While our regional centres are still playing catch up, with
their rental markets going through slow tenant demand,
Queensland metropolitan and tourism centres are still
seeing tight vacancy rates prevail.
According to local agents, investors are taking advantage
of the good selling conditions and putting their investment
properties up for sale, with many being sold to owner-
occupiers. And while there are investors also actively
buying at the moment, the net effect appears to be a
shortage of rental supply in some regions.
6. 6 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
161
784
1900
274130
788
1922
332
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE CITY HOUSE SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
1272 1256
480
21
1078
1234
571
22
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS HOUSE SALES (p)
SEP 14 DEC 14
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
66
575
516
101
58
541
629
117
<$350,000 $350,000+ $500,000+ $1m+
GOLD COAST HOUSE SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
76
443
373
43
88
459
426
46
<$350,000 $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA HOUSE SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
(p) Preliminar
Source: REIQ,
(p) Preliminar
Source: REIQ,
(p) Preliminar
Source: REIQ,
(p) Preliminar
Source: REIQ,
62
384
875
508
5447
310
770
427
47
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE CITY UNIT SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
260
282
132
51
5
225 239
100
46
3
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS UNIT SALES (p)
SEP 14 DEC 14
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
296
560
457
276
59
243
509
426
280
65
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
GOLD COAST UNIT SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
108
203 194
112
21
83
215
177
101
35
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA UNIT SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
1
<$2
(p) Preliminary.
Source: REIQ, d
21
<$2
(p) Preliminary. S
Source: REIQ, da
3
<$2
(p) Preliminary.
Source: REIQ, da
3
<$2
(p) Preliminary.
Source: REIQ, d
BRISBANE
CITY
Over the December quarter 2014, the Brisbane residential
market finished the year on steady results for both the
house and unit markets.
The prestige market was the stand out performer with an
increase in the million-plus pricepoint for houses, while
all other price points followed the usual December quarter
trend of easing buyer demand.
Brisbane remains the fastest selling market but still runs
second to Toowoomba in average vendor discounting and
proportion of profit making sales rates.
Interstate investors are beginning to see more value in
the Brisbane market than the southern capital cities, with
strong interest in the unit and townhouse markets which in
comparison are achieving nearly one per cent higher gross
rental yields.
HOUSE MARKET
Brisbane’s median house price for the December quarter
hit a neat $600,000 – the highest quarterly result on
record. Over the year, volumes were up seven per cent,
while the annual median house price recorded a strong
increase of 8.4 per cent, the highest result of all major
centres in Queensland.
While overall sales volumes increased three per cent
over the quarter it was largely attributed to an increase
in activity in the prestige market, with an extra 58 houses
selling for in excess of a million dollars. This was followed
by 22 extra sales in the $500,000-plus pricepoint.
According to local agents, strong results at the top end of
the market are clear indications that the Brisbane property
market is going from strength to strength.
Further evidence of improved property prices is the
percentage of profit making sales. Of the 49 suburbs to
see all sales record a profit, 25 were located within the
Brisbane City Council area. Compared to a year ago, the
most improved sales market was Gumdale which recorded
only 67 per cent of sales to make a profit, to now seeing all
vendors sell for higher than they originally paid.
UNIT MARKET
The unit and townhouse market in Brisbane saw sales
activity drop over the last three months of the year,
however total sales for the year were up a sturdy 16
per cent.
All pricepoints recorded a drop off in buyer activity,
however, like the house market it was the prestige end that
held its ground most with only 10 less sales recorded than
the September quarter.
Average days on market for unit listings are beginning
to rival that of the house market, with listings taking an
average of 63 days to sell over the year ending November.
This result was a significant improvement on the previous
year, when it was taking three weeks longer for units
to sell.
Average vendor discounting has also improved, up 0.7
percentage points over the year to 4.7 per cent.
And while the inner city unit market continues to steal the
spotlight in terms of new unit sales, it was the outer lying
suburbs of Acacia Ridge and Boondall that made the top
10 for highest increase in sales activity over the year.
New townhouse complexes in both of these suburbs have
proved popular with investors, given the strong returns
these properties are reportedly achieving.
RENTAL MARKET
Over the three months to December, Brisbane City
and Ipswich City, were the only regions in SEQ to see
vacancy levels return to healthier levels. As at the end of
December, the vacancy rate was 2.9 per cent, with both
the inner and outer Brisbane suburbs seeing their vacancy
levels increase.
As seen over the Christmas-New Year period in 2013, inner
Brisbane recorded a significant increase in its vacancy
rate, up 0.9 percentage points to 3.8 per cent.
The level of supply coming onto the market is no doubt
contributing to this increase, however many REIQ agents
also point out that there is a general mass exodus of
tenants – namely students – over the Christmas period,
as well as first home buyers becoming more active in the
sales market.
Meanwhile in Brisbane’s outer suburbs, vacancy rates
remain tight at 2.4 percent, despite easing 0.5 percentage
points since September.
The strength of the Brisbane rental market is also evident
in the total number of bonds held by the RTA. State-wide
total bonds had increased by 12,600 new bonds compared
to 12 months ago, with 26 percent of this increase
occurring within the Brisbane City council area, and
predominantly for unit and townhouse rentals.
9. 9DECEMBER QUARTER 2014
BRISBANE MARKET UPDATES
RENTAL MARKET - 3 BED HOUSES
POST DEC-14 DEC-13
CODE LOCALITYL
$/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 3 BED HOUSES
POST DEC-14 DEC-13
CODE LOCALITYL
$/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 2 BED UNITS
SALES MARKET - VACANT LAND
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
BRISBANE (LGA) 100 $345,000 3.0% $330,000 11.9% 20.0%
BRISBANE (LGA) ^ ~ 10 N/A N/A $615,500 -32.5% 36.8%
BRIDGEMAN DOWNS * 7 N/A N/A $420,000 13.7% 20.2%
BRIGHTON 2 N/A N/A $278,000 -0.7% N/A
CARINDALE 7 N/A N/A $470,000 -5.1% N/A
CARSELDINE 3 N/A N/A $340,000 -2.9% 21.4%
FITZGIBBON * 13 $196,500 15.1% $213,500 26.4% N/A
HEATHWOOD * 5 N/A N/A $269,000 N/A 14.5%
KURABY 1 N/A N/A $334,500 2.1% 4.2%
MOGGILL 1 N/A N/A $255,000 0.0% 7.5%
OXLEY 2 N/A N/A $290,500 1.9% 18.6%
ROCHEDALE 1 N/A N/A $425,000 7.7% N/A
SUNNYBANK * 2 N/A N/A $482,500 N/A 12.5%
SUNNYBANK HILLS * 2 N/A N/A $466,500 N/A 55.5%
UPPER KEDRON * - N/A N/A $325,000 8.4% N/A
WYNNUM 4 N/A N/A $344,900 N/A N/A
BRISBANE CITY $420 2548 $410 2779
BAYSIDE $420 124 $405 119
4178 WYNNUM $420 81 $405 70
4179 MANLY $420 43 $410 49
CITY INNER $550 196 $550 224
4000 BRISBANE CITY $600 19 $550 18
4005 NEW FARM $600 16 $770 15
4006 BOWEN HILLS $470 6 $475 9
4064 PADDINGTON $580 53 $580 49
4066 TOOWONG $500 28 $495 39
4067 ST LUCIA $530 9 $525 11
4101 WEST END $545 19 $595 24
4102 WOOLOONGABBA $490 20 $495 21
4169 EAST BRISBANE $500 26 $520 38
NORTH - INNER $460 281 $470 299
4007 ASCOT $520 17 $565 27
4011 CLAYFIELD $550 35 $525 39
4012 NUNDAH $440 70 $450 52
4030 LUTWYCHE $485 38 $460 54
4031 GORDON PARK $400 39 $450 37
4051 ALDERLEY $480 78 $460 85
NORTH - OUTER $395 399 $385 400
4013 NORTHGATE $360 16 $395 20
4014 VIRGINIA $400 34 $400 34
4017 BRACKEN RIDGE $390 110 $370 112
4018 FITZGIBBON $380 24 $395 36
4032 CHERMSIDE $395 54 $395 59
4034 ASPLEY $395 145 $380 127
4036 BALD HILLS $360 16 $360 12
NORTH WEST - INNER $540 92 $495 123
4059 KELVIN GROVE $550 46 $500 54
4060 ASHGROVE $465 26 $510 43
4065 BARDON $500 20 $460 26
NORTH WEST - OUTER $415 207 $410 224
4053 STAFFORD $415 127 $400 136
BRISBANE CITY $400 4051 $395 3992
BAYSIDE $340 43 $330 48
4178 WYNNUM $330 32 $330 36
4179 MANLY $340 11 $320 12
CITY INNER $495 1647 $490 1567
4000 BRISBANE CITY $580 248 $580 251
4005 NEW FARM $520 275 $510 270
4006 BOWEN HILLS $480 300 $490 241
4064 PADDINGTON $420 56 $400 50
4066 TOOWONG $400 166 $400 197
4067 ST LUCIA $410 75 $380 74
4101 WEST END $530 325 $510 238
4102 WOOLOONGABBA $450 63 $470 81
4169 EAST BRISBANE $460 138 $495 163
NORTH - INNER $360 792 $360 840
4007 ASCOT $435 155 $420 146
4010 ALBION $395 31 $380 42
4011 CLAYFIELD $350 117 $350 155
4012 NUNDAH $365 168 $365 180
4030 LUTWYCHE $360 126 $350 135
4031 GORDON PARK $315 58 $330 69
4051 ALDERLEY $360 137 $350 113
NORTH - OUTER $350 211 $350 256
4013 NORTHGATE $320 22 $300 18
4017 BRACKEN RIDGE $290 13 $285 18
4018 FITZGIBBON $345 7 $330 14
4032 CHERMSIDE $385 109 $385 120
4034 ASPLEY $340 60 $350 83
4054 ARANA HILLS $395 43 $400 53
4061 THE GAP $450 37 $450 35
SOUTH - INNER $420 283 $420 356
4103 ANNERLEY $455 31 $440 40
4104 YERONGA $520 7 $450 17
4105 MOOROOKA $400 35 $410 44
4120 GREENSLOPES $450 20 $450 35
4121 HOLLAND PARK $435 68 $425 87
4122 MANSFIELD $400 121 $400 131
SOUTH - OUTER $380 268 $375 294
4106 ROCKLEA $350 9 $350 18
4107 SALISBURY $385 28 $370 22
4108 COOPERS PLAINS $360 21 $365 26
4109 MACGREGOR $400 73 $390 80
4110 ACACIA RIDGE $350 53 $350 53
4112 KURABY $345 7 $350 13
4113 EIGHT MILE PLAINS $375 45 $390 39
4115 ALGESTER $400 18 $380 24
4116 CALAMVALE $400 14 $390 19
SOUTH EAST - INNER $450 274 $460 260
4151 COORPAROO $470 35 $450 27
4152 CAMP HILL $440 102 $450 91
4170 CANNON HILL $475 84 $450 79
4171 BALMORAL $520 37 $550 49
4172 MURARRIE $410 16 $450 14
SOUTH EAST - OUTER $420 46 $420 44
4153 BELMONT $420 11 $445 6
4154 GUMDALE $415 6 $520 8
4173 TINGALPA $420 27 $410 21
SOUTH WEST - INNER $440 95 $440 110
4068 CHELMER $450 33 $490 47
4075 CORINDA $420 62 $400 63
SOUTH WEST - OUTER $350 283 $360 326
4069 BROOKFIELD $450 34 $430 50
4073 SEVENTEEN MILE ROCKS $410 12 $395 10
4074 JINDALEE $380 47 $380 60
4076 DARRA $330 26 $330 33
4077 DOOLANDELLA $310 70 $315 70
4078 FOREST LAKE $350 90 $350 97
LAND
29
57
49
24
19
31
36
14
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE CITY LAND SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
341
59
22 9
344
59
19 4
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE SURROUNDS LAND SALES (p)
SEP 14 DEC 14
Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
102
28
10 10
91
36
9 9
<$250,000 $250,000+ $350,000+ $500,000+
GOLD COAST LAND SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
46
21
15
8
49
26
19
13
<$250,000 $250,000+ $350,000+ $500,000+
SUNSHINE COAST & NOOSA LAND SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
49
2 0
29
0 0
<$250,000 $250,000+ $350,000+
BUNDABERG LAND SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
8
<$
(p) Preliminary. Se
Source: REIQ, data
62
3 0
44
2 1
<$250,000 $250,000+ $350,000+
FRASER COAST LAND SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
14
1 1
20
2
0
<$250,000 $250,000+ $350,000+
GLADSTONE LAND SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
28
<$
(p) Preliminary. Se
Source: REIQ, data
77
<$
RO
(p) Preliminary. See
Source: REIQ, data
60
3 4
27
2 0
<$250,000 $250,000+ $350,000+
TOOWOOMBA LAND SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
10
<$
(p) Preliminary. See
Source: REIQ, data
10. 10 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
RENTAL MARKET - 2 BED UNITS (CONT’D)
POST DEC-14 DEC-13
CODE LOCALITYL
$/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 3 BED TOWNHOUSES
POST DEC-14 DEC-13
CODE LOCALITYL
$/WEEK NEW BONDS $/WEEK NEW BONDS
DID YOU KNOW?
YOU CAN GET MEDIAN WEEKLY RENTS FOR OTHER PROPERTY TYPES ONLINE AT
WWW.RTA.QLD.GOV.AU
BRISBANE CITY $405 1664 $405 1531
BAYSIDE $400 87 $390 91
4178 WYNNUM $400 57 $390 49
4179 MANLY $400 30 $385 42
CITY INNER $600 58 $600 56
4000 BRISBANE CITY $600 6 N.A. 2
4005 NEW FARM $750 7 $720 8
4006 BOWEN HILLS $460 6 $510 9
4064 PADDINGTON $545 10 $600 8
4066 TOOWONG $540 10 $580 11
4067 ST LUCIA $565 6 $595 7
4101 WEST END $650 6 $600 6
4169 EAST BRISBANE $630 6 N.A. 4
NORTH - INNER $480 96 $495 127
4007 ASCOT $560 12 $520 16
4011 CLAYFIELD $590 9 $580 22
4012 NUNDAH $455 17 $465 18
4030 LUTWYCHE $550 12 $500 5
4031 GORDON PARK $480 13 $445 14
4051 ALDERLEY $480 33 $490 48
NORTH - OUTER $385 204 $380 176
4013 NORTHGATE $420 8 $430 12
4017 BRACKEN RIDGE $370 54 $365 56
4018 FITZGIBBON $380 54 $360 24
4032 CHERMSIDE $445 23 $430 19
4034 ASPLEY $390 58 $390 53
4036 BALD HILLS $365 7 $350 12
NORTH WEST - INNER $520 15 N/A 14
4060 ASHGROVE $495 9 $490 7
NORTH WEST - OUTER $420 63 $420 62
4053 STAFFORD $420 52 $420 52
4054 ARANA HILLS $380 7 $365 6
SOUTH - INNER $430 135 $430 161
4103 ANNERLEY $450 23 $480 31
4104 YERONGA $440 12 $440 12
4105 MOOROOKA $440 20 $445 17
4120 GREENSLOPES $485 12 $440 17
4121 HOLLAND PARK $430 10 $440 16
4122 MANSFIELD $420 58 $420 68
SOUTH - OUTER $390 426 $390 334
4107 SALISBURY $370 8 $480 5
4109 MACGREGOR $405 56 $400 59
4110 ACACIA RIDGE $340 31 $350 5
4112 KURABY $380 32 $370 13
4113 EIGHT MILE PLAINS $400 155 $400 139
4115 ALGESTER $370 41 $375 38
4116 CALAMVALE $385 101 $380 73
SOUTH EAST - INNER $480 245 $485 189
4151 COORPAROO $500 9 $490 14
4152 CAMP HILL $450 104 $450 90
4170 CANNON HILL $490 92 $490 52
4171 BALMORAL $585 32 $575 23
4172 MURARRIE $520 8 $520 10
SOUTH EAST - OUTER $405 64 $405 63
4153 BELMONT $425 7 $430 6
4154 GUMDALE $405 40 $410 41
4173 TINGALPA $385 14 $380 16
SOUTH WEST - INNER $460 76 $410 71
4068 CHELMER $520 30 $510 14
4075 CORINDA $400 46 $400 57
SOUTH WEST - OUTER $365 195 $355 187
4073 SEVENTEEN MILE ROCKS $440 12 $410 17
4074 JINDALEE $390 12 $400 20
4076 DARRA $375 33 $350 5
4077 DOOLANDELLA $360 110 $340 118
4078 FOREST LAKE $345 22 $355 24
NORTH WEST - INNER $440 177 $400 176
4059 KELVIN GROVE $450 113 $420 111
4060 ASHGROVE $450 55 $390 57
4065 BARDON $310 9 $305 8
NORTH WEST - OUTER $370 83 $385 83
4053 STAFFORD $370 83 $385 83
SOUTH - INNER $350 395 $350 372
4103 ANNERLEY $340 104 $350 85
4104 YERONGA $340 34 $340 30
4105 MOOROOKA $350 58 $330 67
4120 GREENSLOPES $350 89 $350 90
4121 HOLLAND PARK $350 19 $325 43
4122 MANSFIELD $395 87 $385 57
SOUTH - OUTER $355 41 $308 53
4108 COOPERS PLAINS $350 7 $320 5
4109 MACGREGOR $380 15 $325 19
4113 EIGHT MILE PLAINS $435 8 $430 5
4115 ALGESTER $350 5 $285 5
SOUTH EAST - INNER $370 382 $375 368
4151 COORPAROO $350 147 $350 155
4152 CAMP HILL $380 53 $360 40
4170 CANNON HILL $380 88 $390 86
4171 BALMORAL $430 92 $425 85
SOUTH WEST - INNER $380 261 $375 202
4068 CHELMER $380 218 $380 159
4075 CORINDA $345 43 $330 43
SOUTH WEST - OUTER $320 15 $330 21
4078 FOREST LAKE $330 9 $325 12
Interstate investors are
beginning to see more
value in the Brisbane
market
11. 11DECEMBER QUARTER 2014
BRISBANE MARKET UPDATES
GREATER
BRISBANE
Residential property markets in Greater Brisbane continue
to strengthen, with the median house price for the Brisbane
statistical division recording an increase of 5.5 per cent over
the year and an increase of 10 per cent in sales volumes.
Typically a quieter time of year, house sales volumes were
down across the surrounding council areas except for
Redland council which saw an increase in house sales
numbers of six per cent over the December quarter. All
regions, however, had strong sales growth over the year.
Despite a drop off in volumes over the quarter, the unit and
townhouse markets also continue to see improving market
conditions with a number of new developments selling well
to interstate investors attracted by the relative affordability
and strong gross rental yields being acheived in the region.
HOUSE MARKET
Over the December quarter all council areas recorded
continued growth in median house prices, with Ipswich
recording the strongest growth of 6.7 per cent on the back
of strong sales at the upper end of the market.
According to local agents the Ipswich market is now
seeing sustainable growth in sales and price increases.
The outlook remains very positive and agents are
expecting strong price growth over the next five to seven
years. Infrastructure upgrades along with new housing
developments are paving the way for improved lifestyle for
local residents.
Logan also performed strongly over the year with sales
activity up 20 per cent, followed by Moreton Bay Regional
which was up 13 per cent over the period.
Both regions recorded increases to their median house
price of 3.3 and 3.5 per cent respectively over the 2014
calender year.
The Kippa-ring rail extension is reportedly progressing
ahead of schedule and attracting buyers to the area
according to local agents. Investors are said to be looking
at proximity to the rail line have buoyed buying activity
in both houses and units in Kippa-Ring Kallangur and
surrounding areas.
Overall, however, Redland was the star performer with an
increase in buyer activity over the December quarter and
year. It’s annual median house price also recorded the
strongest result up 4.1 and 4.4 per cent compared to one
and five years ago.
Redland City and Moreton Bay also posted the greatest
improvement in average days on market for the Greater
Brisbane region, down 17 and 16 days respectively.
Meanwhile, Redland recorded the greatest improvement
in average vendor discounting for the region, improving by
3.9 percentage points.
UNIT MARKET
Greater Brisbane’s outer-suburban unit and townhouse
market is going ahead in leaps and bounds, amid
increasing sales volumes and growing buyer confidence.
New townhouse and medium-rise unit developments
are proving popular with investors, particularly those
from interstate who are being attracted by the relative
affordability and also the good rental returns for units
and townhouses.
The suburb of Kingston in Logan recorded the highest
increase in unit sales over the year for the surrounding
council areas, thanks to strong buyer activity in both
the established and new unit market. Investors were
particularly drawn to a new large townhouse and unit
complex located on Juers Street.
In Ipswich the suburbs of Goodna and Bandamba also
saw strong investor activity in new townhouse complexes.
With prices under $350,000 and asking rents around $320
per week, such complexes provide investors great value
for money and ongoing rental return.
In the Moreton Bay area, the rail extension saw
increased buyer activity in the suburbs of Kallangur and
Scarborough as well as the ever popular North Lakes.
RENTAL MARKET
At the end of December 2014, the surrounding Brisbane
council areas all remained in tight conditions, with the
exception of Ipswich City, which saw its vacancy rate
increase 0.9 per cent to 2.5 per cent – nudging back into
the healthy zone.
Although conditions remain tight, Logan did record a
slight easing in vacancies over the period. Moreton Bay
and Redland City saw vacancies tighten further, down 0.6
and one per cent respectively.
In Moreton Bay, the vacancy rate was down to 1.2 per cent,
the lowest the region has seen in a number of years and
Redland City now boasts near full capacity with a vacancy
rate of an historical low of 0.8 per cent.
Median weekly rents, according to the RTA, remained
relatively stable across the Greater Brisbane areas.
FALLING
STABILISINGRECOVERING
RISING
BRISBANE HOUSE MARKETS
December Qtr 2014
Source: REIQ
Brisbane
Redland
↑Moreton Bay
Logan
Ipswich
FALLING
STABILISINGRECOVERING
RISING
QUEENSLAND HOUSE MARKETS
December Qtr 2014
Source: REIQ
Brisbane SD
Toowoomba
Gold Coast
Sunsine Coast
Cairns
Fraser Coast
Townsville
Gladstone
Bundaberg Rockhampton
↑Mackay
16. 16 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
GOLD COAST
480
21
571
22
<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
66
575
516
101
58
541
629
117
<$350,000 $350,000+ $500,000+ $1m+
GOLD COAST HOUSE SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
76
443
373
43
88
459
426
46
<$350,000 $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA HOUSE SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
(p) Preliminar
Source: REIQ,
(p) Preliminar
Source: REIQ,
(p) Preliminar
Source: REIQ,
The Gold Coast’s residential real estate market is performing
strongly in all key sectors, as confidence builds heading into
2015. There’s a strong sense of optimism that the tourist
capital has shrugged off any lingering effects from the GFC
and is now firmly on a path to further growth.
The city’s improving tourism market, along with a string
of important infrastructure projects and construction
associated with the 2018 Commonwealth Game are all
helping to generate economic momentum on the glitter
strip.
Median sale prices for houses, acreage and units and
townhouses all rose in the December quarter, with a range
of other key indicators revealing a healthy market outlook.
The percentage of profit making sales continued its
impressive rise, up to 88 per cent in the December quarter
from 75 per cent a year earlier.
Average days on market remained steady at 72 days in the
December quarter, compared to 88 days 12 months earlier.
Average vendor discounting also remained relatively steady,
currently sitting at 6.1 per cent in the three months to
December, compared to 10.7 per cent in December 2013.
HOUSE MARKET
Gold Coast house sales rose an impressive seven percent
in the three months to December. The median price hit
$520,000, representing a 5.1 per cent increase on the
previous quarter.
There was a very healthy rise in prestige sales, with
117 transactions recorded in the $1 million-plus price
bracket. $500,000-plus sales also rose strongly, with 629
transactions in the December quarter – up from 516 the
previous quarter.
There were fewer sales in the sub-$500,000 price points,
however local agents are optimistic this sector of the
market will strengthen heading further into 2015.
Acreage sales on the Gold Coast fell slightly in the three
months to December, however they were up two per
cent compared to 12 months earlier. On a volume of 127
sales, the median acreage sale price rose 3.3 per cent to
$702,500 in the December quarter.
Local agents believe there are better times ahead for
both the house and acreage markets as the Gold Coast
economy continues to gather momentum and the
looming Commonwealth Games increases the city’s
international profile.
UNIT MARKET
The Gold Coast unit and townhouse market recorded a six
per cent decrease in sale volumes in the three months to
September, driven by seasonal factors. However, unit and
townhouse sales were up a healthy 20 per cent compared
to 12 months earlier.
The median unit and townhouse price rose 2.9 per cent to
$350,000 in the three months to December on a volume
of 1,577 transactions. Most of the unit and townhouse
sales activity occurred at the lower-to-middle end of
the market, albeit with lower volumes compared to the
previous quarter.
While transactions decreased in the sub-$500,000 price
point, sales volumes were up at the higher end of the
market. There were 280 transactions at the $500,000-
plus price point, a slight rise from the previous quarter.
Meanwhile, $1 million-plus unit and townhouse sales
increased from 59 in the September quarter to 65 in the
three months to December.
Investors remain active in the apartment/unit market amid
growing confidence 2015 is set to deliver buyers strong
prospects for further growth.
RENTAL MARKET
REIQ-accredited agents on the Gold Coast say rental
listings are being snapped up very quickly, with a number
reporting an average of less than a week to re-let.
There is also a proportion of investment properties being
sold which is also contributing to the tight vacancy rates,
which have remained below 2.5 per cent since June 2013.
The residential rental vacancy rate on the Gold Coast
edged up slightly to 2.2 per cent at the end of December.
19. 19
REGIONAL MARKET UPDATES
DECEMBER QUARTER 2014
TOOWOOMBA
HOUSES
161
784
1900
274130
788
1922
332
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE CITY HOUSE SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
1272 1256
480
21
1078
1234
571
22
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS HOUSE SALES (p)
SEP 14 DEC 14
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
66
575
516
101
58
541
629
117
<$350,000 $350,000+ $500,000+ $1m+
GOLD COAST HOUSE SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
76
443
373
43
88
459
426
46
<$350,000 $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA HOUSE SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
182
39
7
159
33
9
<$350,000 $350,000+ $500,000+
BUNDABERG HOUSE SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
(p) Prelimin
Source: REI
194
46
6
202
60
6
<$350,000 $350,000+ $500,000+
FRASER COAST HOUSE SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
48
59
14
51
47
10
<$350,000 $350,000+ $500,000+
GLADSTONE HOUSE SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
(p) Prelimi
Source: RE
(p) Prelim
Source: R
(p) Prelim
Source: RE
296
208
56
271
200
87
<$350,000 $350,000+ $500,000+
TOOWOOMBA HOUSE SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
UNITS
62
384
875
508
5447
310
770
427
47
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE CITY UNIT SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
260
282
132
51
5
225 239
100
46
3
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS UNIT SALES (p)
SEP 14 DEC 14
INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
296
560
457
276
59
243
509
426
280
65
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
GOLD COAST UNIT SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
108
203 194
112
21
83
215
177
101
35
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA UNIT SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
19
10
4
0
16
10
7
2
<$250,000 $250,000+ $350,000+ $500,000+
BUNDABERG UNIT SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
<
(p) Prelimina
Source: REIQ
21
12
6
0
19
16
6
1
<$250,000 $250,000+ $350,000+ $500,000+
FRASER COAST UNIT SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
3
4
6
3
11
5
4
0
<$250,000 $250,000+ $350,000+ $500,000+
GLADSTONE UNIT SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
<
(p) Prelimina
Source: REIQ
<
(p) Prelimina
Source: REIQ
<
(p) Prelimina
Source: REIQ
38
62
14
5
28
40
10
4
<$250,000 $250,000+ $350,000+ $500,000+
TOOWOOMBA UNIT SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data. LAND
29
57
49
24
19
31
36
14
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE CITY LAND SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
341
59
22 9
344
59
19 4
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE SURROUNDS LAND SALES (p)
SEP 14 DEC 14
Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
102
28
10 10
91
36
9 9
<$250,000 $250,000+ $350,000+ $500,000+
GOLD COAST LAND SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
46
21
15
8
49
26
19
13
SUNSHINE COAST & NOOSA LAND SALES (p)
SEP 14 DEC 14
49
2 0
29
0 0
<$250,000 $250,000+ $350,000+
BUNDABERG LAND SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
62
3 0
44
2 1
<$250,000 $250,000+ $350,000+
FRASER COAST LAND SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
14
1 1
20
2
GLADSTONE LAND SALES (p)
SEP 14 DEC 14
(p) Prelimina
Source: REIQ
(p) Prelimina
Source: REIQ
60
3 4
27
2 0
<$250,000 $250,000+ $350,000+
TOOWOOMBA LAND SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
(p) Prelimina
Source: REIQ
Typical of the quieter time of year, sales activity in
Toowoomba eased in the three months to December,
although sales were up compared to 12 months earlier.
Local agents had anticipated the easing due to a
combination of seasonal factors and the drop off in growth
of the local mining sector centred in the Surat Basin.
Despite the easing in sales activity, median sale prices
continued on their upward trajectory in a sign that
confidence in the local real estate market remains strong.
However, there is still a strong pipeline of development
activity in the Toowoomba region which is expected to a
deliver the local economy a soft landing as it moves out of
the resources construction phase.
Major developments currently underway include the CBD
ring road, Grand Central project and the much-anticipated
Second Range Crossing due to begin in 2015.
The new Wellcamp Airport is also expected to yield rural
produce exporting opportunities in a further boost to
the regional economy. All in all, local agents expect the
Toowoomba economy to remain robust in 2015.
HOUSE MARKET
In the three months to December, preliminary house
sales numbers in Toowoomba remained steady. Despite
this flatlining sales activity, the median house price was
up 3.1 per cent. Over the calendar year to September,
Toowoomba’s median house price was up 6.3 per cent and
an impressive 21.5 per cent compared to five years ago.
Sales activity was up predominantly in the $500,000-plus
price bracket, with transactions down across the board
below this price point. Local agents report there were
fewer listings in the December quarter, generating strong
competition for properties.
However, prestige properties in the $1 million-plus price
bracket are reportedly coming on to the market in greater
numbers as owners test the strength of buyer sentiment.
Profit-making sales were at a very healthy 97 per cent
in Toowoomba in the December quarter, with average
days on market relatively steady at 63 during that period.
Average vendor discounting also remained steady at 4.5
per cent.
UNIT MARKET
Toowoomba’s unit and townhouse market was affected by
a widely anticipated seasonal downturn, with preliminary
sales numbers down 32 per cent. However, over the 12
months to December sales volumes were up a healthy 23
per cent. Local agents attribute the drop in quarterly sales
to the resources sector downturn.
It had been anticipated that the number of new unit and
townhouse developments coming onto the market would
result in oversupply, however the median sale price over
the quarter did not reflect the drop off in sales activity.
The median sale price for the December quarter was
down 3.7 per cent, well in line with what local agents had
been anticipating.
There were decreases in sales activity across all price
points, with units in the $250,000 to $350,000 price bracket
recording the most transactions.
The sub-$250,000 price point recorded the second highest
number of sales, contributing to the downward pressure
on the median sale price.
RENTAL MARKET
In regional Queensland a slow mining sector and
continued drought sees all but Toowoomba finish the year
with vacancy rates above the 3.5 per cent mark.
Toowoomba continues to see tight rental conditions,
however increased investor activity in the region has finally
converted to an increase in vacancy levels. At the end of
December the city’s vacancy rate was 2.3 per cent, up 0.7
per cent on three months earlier.