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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 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
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 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
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 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.
7DECEMBER QUARTER 2014
BRISBANE MARKET UPDATES
SALES MARKET - HOUSES
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
SALES MARKET - HOUSES (CONT’D)
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
BRISBANE (LGA) 3,378 $600,000 3.4% $580,000 8.4% 17.9%
BRISBANE (LGA) ^ 79 $950,000 3.0% $922,500 7.3% 8.5%
ACACIA RIDGE 24 $340,000 -4.4% $335,000 9.7% 2.1%
ALBION 10 $697,000 N/A $686,250 -0.8% 20.4%
ALDERLEY 19 $711,000 -1.3% $671,875 4.2% 14.3%
ALGESTER 38 $444,444 -5.4% $450,500 7.5% 14.0%
ANNERLEY 34 $647,500 0.4% $665,000 19.6% 24.3%
ASCOT ~ 27 $1,240,000 33.7% $1,300,000 16.1% 23.5%
ASHGROVE ~ 31 $840,000 11.3% $790,000 2.6% 24.2%
ASPLEY 41 $520,000 -6.1% $522,000 8.8% 13.0%
AUCHENFLOWER 10 $851,000 -3.1% $911,050 9.6% 12.5%
BALD HILLS 24 $412,000 8.4% $385,000 4.9% 0.7%
BALMORAL ~ 13 $955,000 -8.4% $890,000 7.2% 26.7%
BANYO 26 $445,000 1.4% $435,000 3.6% 8.8%
BARDON 27 $808,250 -1.7% $840,000 15.1% 20.0%
BELLBOWRIE 14 $415,000 N/A $463,500 7.2% 0.8%
BELMONT ~ 15 $578,000 14.0% $575,000 6.8% 2.1%
BOONDALL 31 $427,000 0.4% $425,000 3.7% 3.2%
BRACKEN RIDGE 58 $435,000 3.6% $416,000 0.5% 1.5%
BRIDGEMAN DOWNS 26 $697,500 8.0% $700,000 5.3% 2.5%
BRIGHTON 49 $480,000 8.6% $440,000 7.6% 12.8%
BROOKFIELD ^ 6 N/A N/A $1,027,500 N/A N/A
BULIMBA 25 $1,075,000 7.5% $1,100,000 18.0% 35.9%
CALAMVALE 43 $576,000 4.3% $560,000 5.9% 15.8%
CAMP HILL 56 $772,500 7.8% $740,000 9.6% 27.6%
CANNON HILL ~ 23 $662,500 -10.5% $675,000 14.4% 34.3%
CARINA 33 $550,000 -2.4% $552,500 7.8% 17.6%
CARINA HEIGHTS 16 $557,000 -2.3% $587,500 10.5% 17.7%
CARINDALE 43 $735,000 1.4% $712,500 5.9% 9.6%
CARSELDINE 28 $612,500 9.9% $559,000 7.5% 9.6%
CHAPEL HILL 45 $692,000 2.9% $675,000 4.7% 8.9%
CHELMER ~ 12 $1,342,500 76.1% $981,500 16.2% 13.8%
CHERMSIDE ~ 17 $492,000 -14.8% $556,750 16.7% 27.1%
CHERMSIDE WEST 22 $517,500 -0.5% $510,000 15.2% 14.0%
CLAYFIELD ~ 22 $952,500 23.7% $922,743 12.7% 10.8%
COOPERS PLAINS 17 $460,000 1.7% $460,000 -1.1% 16.5%
COORPAROO 48 $785,000 7.5% $725,000 10.7% 16.0%
CORINDA ~ 15 $645,000 19.1% $553,000 0.0% -9.7%
DARRA 14 $372,500 0.8% $360,000 14.3% 4.3%
DEAGON 16 $370,000 -4.3% $396,500 7.2% 5.7%
DOOLANDELLA 9 N/A N/A $420,000 1.8% 20.0%
DREWVALE 16 $488,500 N/A $482,500 4.0% 5.7%
DURACK 10 $405,058 9.4% $369,100 11.5% 7.8%
EAST BRISBANE 18 $715,000 -2.1% $726,000 12.6% 14.8%
EIGHT MILE PLAINS 36 $695,000 6.9% $659,000 8.0% 17.1%
ENOGGERA 6 N/A N/A $583,000 5.8% 15.0%
EVERTON PARK 34 $508,000 -0.9% $510,000 2.9% 13.3%
FAIRFIELD 6 N/A N/A $700,000 25.6% 19.7%
FERNY GROVE 16 $520,000 4.2% $525,000 4.0% 9.4%
FIG TREE POCKET ~ 15 $798,000 10.4% $866,500 17.5% 18.7%
FITZGIBBON 16 $441,250 1.4% $425,000 6.8% 3.0%
FOREST LAKE 98 $388,000 -3.0% $400,000 5.3% 5.4%
GAYTHORNE 4 N/A N/A $622,750 12.6% 19.2%
GEEBUNG 14 $450,000 -4.8% $475,000 11.8% 11.8%
GORDON PARK 18 $817,500 7.7% $770,000 22.4% 39.6%
GRACEVILLE ~ f 24 $1,090,000 91.2% $719,000 -3.6% 19.3%
GRANGE 15 $789,000 6.2% $770,000 14.6% 15.9%
GREENSLOPES 21 $620,000 7.5% $615,000 4.6% 14.4%
HAMILTON ~ 19 $1,352,500 50.3% $977,500 -14.0% -4.6%
HAWTHORNE 27 $1,075,000 2.4% $1,067,500 11.8% 39.5%
HEATHWOOD 12 $538,500 5.3% $530,000 -5.5% 6.3%
HEMMANT 13 $425,000 N/A $420,750 9.3% 3.9%
HENDRA ~ 27 $860,000 13.9% $830,000 8.9% 13.6%
HIGHGATE HILL 22 $1,010,000 N/A $900,500 16.6% 20.7%
HOLLAND PARK 21 $660,000 9.5% $605,000 11.9% 21.7%
HOLLAND PARK WEST 21 $605,500 -1.0% $585,000 2.4% 11.0%
INALA 32 $307,500 -0.8% $304,000 8.4% 4.8%
INDOOROOPILLY 43 $772,500 -2.2% $757,500 7.4% 20.7%
JAMBOREE HEIGHTS 9 N/A N/A $448,750 7.0% 6.5%
JINDALEE 25 $499,000 2.9% $495,000 5.8% 7.7%
KANGAROO POINT 5 N/A N/A $760,000 3.6% 16.9%
KARANA DOWNS 9 N/A N/A $385,000 -1.9% -3.5%
KARANA DOWNS ^ 5 N/A N/A $485,000 7.8% 7.8%
KEDRON 42 $608,750 -3.2% $623,500 11.3% 28.6%
KELVIN GROVE 15 $696,025 8.4% $671,000 3.1% 8.1%
KENMORE 37 $565,000 -7.0% $570,000 1.6% 13.9%
KEPERRA 33 $465,000 1.5% $461,000 11.1% 8.5%
KURABY 13 $573,000 -2.1% $562,500 0.7% 12.8%
LOTA ~ 15 $690,000 30.2% $550,000 5.3% 18.0%
LUTWYCHE 13 $730,000 1.4% $732,500 -1.7% 24.7%
MACGREGOR 26 $673,000 0.4% $625,000 6.8% 27.2%
MACKENZIE 9 N/A N/A $699,000 11.0% N/A
MANLY ~ 11 $790,000 19.2% $677,500 17.8% 15.8%
MANLY WEST ~ 43 $547,000 11.1% $515,000 7.3% 7.7%
MANSFIELD 24 $550,000 2.9% $551,625 10.5% 19.9%
MCDOWALL 21 $620,000 5.9% $600,000 8.1% 16.1%
MIDDLE PARK 13 $520,500 1.5% $525,000 4.5% 6.8%
MITCHELTON 33 $580,000 0.4% $560,000 10.9% 17.9%
MOGGILL 7 N/A N/A $505,000 1.6% 8.0%
MOOROOKA 35 $554,000 0.7% $549,000 6.6% 18.1%
MORNINGSIDE 37 $632,500 -5.7% $638,000 6.6% 16.0%
MOUNT CROSBY ^ 5 N/A N/A $510,000 -5.6% -2.9%
MOUNT GRAVATT 11 $579,000 4.6% $554,000 8.6% 16.4%
MOUNT GRAVATT EAST 43 $560,000 -0.1% $560,000 13.1% 24.4%
MURARRIE 16 $595,000 7.2% $575,000 23.7% 27.8%
NEW FARM 17 $1,250,000 0.0% $1,260,000 5.2% 32.6%
NEWMARKET 14 $765,800 3.5% $736,250 10.2% 15.8%
NORMAN PARK ~ 34 $772,500 12.0% $765,000 12.5% 18.6%
NORTHGATE ~ 15 $650,000 10.2% $598,000 8.7% 15.0%
NUDGEE ~ 12 $455,000 -18.2% $565,356 4.9% 21.3%
NUNDAH 20 $720,000 3.2% $650,000 5.7% 24.4%
OXLEY ~ 30 $526,000 13.7% $481,000 6.1% 13.2%
PADDINGTON 36 $898,000 1.8% $903,000 8.8% 29.9%
PARKINSON 33 $583,000 -2.8% $575,000 8.5% 18.1%
PULLENVALE ^ 7 N/A N/A $925,000 -3.9% 0.5%
RED HILL 28 $755,000 -3.2% $750,000 12.5% 10.1%
RIVERHILLS 14 $420,000 -2.9% $435,000 1.8% 4.8%
ROBERTSON 14 $725,000 N/A $725,000 3.9% 16.0%
ROCHEDALE 3 N/A N/A $845,000 N/A N/A
ROCKLEA 7 N/A N/A $370,000 19.8% 0.5%
RUNCORN ~ 25 $539,000 17.7% $499,300 14.8% 20.3%
SALISBURY 20 $510,100 6.5% $491,500 9.2% 15.6%
SANDGATE 13 $506,500 -5.3% $564,500 8.6% 13.2%
SEVEN HILLS 7 N/A N/A $652,500 5.2% 12.5%
SEVENTEEN MILE ROCKS 7 N/A N/A $630,000 14.5% 32.6%
SHERWOOD ~ 20 $842,500 23.0% $759,500 7.0% 16.8%
SINNAMON PARK ~ 14 $654,500 13.3% $605,000 7.1% 5.2%
SPRING HILL 5 N/A N/A $895,000 N/A 27.9%
ST LUCIA ~ 14 $961,000 -18.6% $1,031,250 13.3% 16.9%
STAFFORD 23 $538,000 -6.5% $530,000 11.6% 18.0%
STAFFORD HEIGHTS 22 $525,000 -0.6% $510,000 6.5% 13.3%
STRETTON 16 $781,500 10.0% $747,500 18.7% 16.8%
SUNNYBANK ~ 31 $691,500 10.2% $615,000 11.8% 21.7%
SUNNYBANK HILLS 60 $570,000 -3.6% $579,000 14.7% 28.7%
TAIGUM 7 N/A N/A $476,500 11.3% 8.3%
TARINGA 11 $800,500 -2.9% $806,000 7.5% 13.8%
TARRAGINDI ~ 42 $680,000 10.7% $620,000 7.8% 17.0%
TENERIFFE 7 N/A N/A $1,480,000 N/A N/A
THE GAP 57 $593,500 -2.3% $570,000 0.4% 10.1%
TINGALPA 22 $458,000 -0.4% $463,000 5.2% 7.9%
TOOWONG 20 $880,500 3.6% $767,000 12.0% 21.7%
UPPER KEDRON 13 $585,000 8.3% $542,500 0.6% 1.4%
UPPER MOUNT GRAVATT 44 $530,000 3.5% $544,905 12.4% 21.1%
VIRGINIA 10 $529,000 0.3% $508,000 16.8% 18.1%
WAKERLEY ~ 31 $790,000 30.9% $690,000 5.3% 25.5%
WAVELL HEIGHTS 40 $595,000 0.8% $585,000 10.4% 21.4%
WEST END 10 $977,500 -3.4% $952,500 10.8% 31.9%
WESTLAKE 21 $606,500 -2.5% $630,000 0.8% 12.5%
8 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
SALES MARKET - UNITS & TOWNHOUSES
SALES MARKET - UNITS & TOWNHOUSES (CONT’D)
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
SALES MARKET - HOUSES (CONT’D)
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
WILSTON ~ 13 $925,000 23.7% $859,500 8.3% 15.8%
WINDSOR ~ 28 $790,000 14.5% $714,500 4.7% 19.1%
WISHART 21 $620,000 8.2% $590,000 11.3% 19.6%
WOOLLOONGABBA ~ 12 $746,000 14.9% $660,000 10.0% 18.9%
WOOLOOWIN 12 $685,001 2.2% $733,500 -2.2% 17.4%
WYNNUM 59 $600,000 4.8% $555,000 9.9% 16.7%
WYNNUM WEST 45 $466,500 -0.7% $475,000 9.8% 6.7%
YERONGA 23 $780,000 8.3% $707,500 8.8% 3.3%
ZILLMERE 30 $410,000 5.6% $405,000 7.9% 8.0%
BRISBANE CITY (LGA) 1,685 $418,500 -0.4% $422,000 3.6% 8.2%
ACACIA RIDGE * t 20 $348,000 0.0% $348,000 N/A N/A
ALBION ~ 9 N/A N/A $440,000 -24.3% 4.8%
ALDERLEY 13 $532,500 4.9% $460,250 3.4% 26.1%
ANNERLEY * t 29 $420,000 -2.7% $438,000 11.5% 20.0%
ASCOT ~ 22 $500,000 16.0% $440,000 14.3% 11.4%
ASHGROVE t 11 $405,000 -9.5% $484,000 15.2% 19.5%
ASPLEY ~ 11 $375,000 -4.0% $390,000 7.2% 7.3%
AUCHENFLOWER ~ 21 $410,000 -12.5% $462,500 -3.1% 7.7%
BALMORAL 12 $515,550 N/A $480,500 -3.9% 12.9%
BANYO 4 N/A N/A $500,000 N/A 29.9%
BOONDALL * t 2 N/A N/A $394,000 2.6% N/A
BOWEN HILLS ~ 12 $415,250 -10.7% $426,000 5.6% 2.3%
BRISBANE CITY * 111 $491,750 4.2% $495,000 3.1% 13.8%
BULIMBA 22 $537,500 -8.5% $557,500 -3.0% 7.2%
CALAMVALE 21 $377,000 5.1% $376,900 2.4% 4.7%
CARINA 23 $449,500 9.6% $445,000 6.0% 5.6%
CARINA HEIGHTS ~ t 13 $402,500 -12.3% $459,000 3.1% 3.8%
CARINDALE 3 N/A N/A $455,000 12.5% -14.7%
CARSELDINE 16 $382,000 N/A $395,000 1.3% 9.7%
CHERMSIDE 26 $410,000 2.6% $405,000 1.9% -2.4%
CLAYFIELD 36 $374,000 -2.2% $391,000 4.3% 8.6%
COOPERS PLAINS 2 N/A N/A $390,000 -5.8% N/A
COORPAROO 47 $388,250 2.8% $385,500 2.3% 5.5%
DOOLANDELLA 2 N/A N/A $339,000 -2.5% N/A
DURACK 1 N/A N/A $349,000 -0.3% N/A
EAST BRISBANE 15 $453,000 1.8% $442,500 6.6% 10.9%
EIGHT MILE PLAINS 17 $391,500 1.4% $390,000 5.4% 6.3%
ELLEN GROVE 2 N/A N/A $346,000 0.0% 3.1%
ENOGGERA 3 N/A N/A $392,000 -5.5% 0.9%
EVERTON PARK 11 $395,000 -5.7% $420,000 5.1% 19.5%
FAIRFIELD ~ 8 N/A N/A $419,000 19.7% -3.1%
FORTITUDE VALLEY 48 $490,000 5.6% $475,000 13.1% 17.3%
GAYTHORNE * t 6 N/A N/A $430,000 4.9% 13.2%
GORDON PARK 7 N/A N/A $365,000 -0.3% 6.2%
GREENSLOPES ~ 24 $329,000 -15.9% $365,000 0.0% -0.4%
HAMILTON 36 $540,000 -0.9% $535,000 3.0% 21.6%
HAWTHORNE 9 N/A N/A $519,000 9.8% 21.0%
HIGHGATE HILL ~ t 12 $560,000 43.6% $500,000 -8.2% 19.0%
HOLLAND PARK WEST 4 N/A N/A $373,500 -1.8% N/A
INDOOROOPILLY ~ * 17 $430,875 0.0% $465,000 7.5% 6.9%
KANGAROO POINT ~ f 36 $561,000 26.1% $508,000 2.2% 11.3%
KEDRON ~ * t 14 $477,500 24.3% $419,000 18.0% 26.2%
KELVIN GROVE 30 $445,000 -3.1% $462,000 -7.5% 6.2%
KURABY 6 N/A N/A $295,000 1.7% -6.9%
LUTWYCHE 13 $430,000 2.1% $407,000 -9.4% 13.1%
MANLY WEST 6 N/A N/A $370,000 4.2% -5.1%
MCDOWALL 1 N/A N/A $405,000 3.8% -1.2%
MILTON 8 N/A N/A $488,000 -9.0% -10.4%
MOOROOKA ~ t 16 $318,000 -20.0% $365,000 -2.9% 9.9%
MORNINGSIDE 36 $461,050 -3.3% $475,000 4.9% 12.8%
MOUNT GRAVATT 4 N/A N/A $435,000 0.0% N/A
MOUNT GRAVATT EAST 11 $378,000 -1.0% $385,000 -7.8% 6.1%
NEW FARM 53 $528,500 -4.9% $560,150 4.2% 19.6%
NEWMARKET 2 N/A N/A $455,000 13.6% 9.4%
NEWSTEAD ~ 14 $750,000 -14.3% $775,000 7.6% 50.5%
NORMAN PARK 7 N/A N/A $490,000 1.9% 2.8%
NORTHGATE 10 $368,950 -7.2% $401,400 13.1% 7.0%
NUNDAH 56 $375,000 2.7% $397,950 -5.3% -5.3%
PADDINGTON 12 $497,000 -7.6% $504,000 -0.2% 12.0%
PARKINSON ~ 3 N/A N/A $330,000 -16.0% N/A
RED HILL 6 N/A N/A $422,500 1.1% 17.4%
RICHLANDS 13 $352,400 N/A $349,900 4.4% 7.7%
RUNCORN 20 $325,000 -1.1% $335,000 -0.8% 0.0%
SHERWOOD 7 N/A N/A $465,000 7.5% 9.1%
SOUTH BRISBANE 41 $470,000 2.2% $492,000 1.4% 22.6%
SPRING HILL 33 $435,400 3.5% $390,000 2.3% 0.0%
ST LUCIA 28 $489,000 2.3% $475,000 0.0% 5.6%
STAFFORD 13 $415,000 N/A $395,000 -1.3% 8.5%
SUNNYBANK HILLS 9 N/A N/A $360,000 11.6% -0.8%
TAIGUM ~ 16 $313,000 -13.4% $382,500 8.4% 10.9%
TARINGA * t 46 $437,000 1.6% $425,000 4.9% 6.3%
TENERIFFE ~ 43 $496,500 -20.4% $607,250 5.6% 13.5%
THE GAP 4 N/A N/A $447,000 N/A 8.0%
TINGALPA ~ 7 N/A N/A $340,000 3.7% -1.2%
TOOWONG 49 $428,750 -4.7% $445,500 -10.0% 7.3%
UPPER MOUNT GRAVATT ~ 21 $385,500 -25.5% $470,000 29.7% 24.7%
WAVELL HEIGHTS ~ 5 N/A N/A $435,500 15.2% -2.1%
WEST END 34 $540,000 2.1% $526,498 1.9% -4.3%
WILSTON 6 N/A N/A $428,750 N/A 10.8%
WINDSOR ~ 26 $460,000 13.6% $407,500 -9.4% 14.8%
WISHART 12 $366,450 -6.0% $375,500 4.9% 7.0%
WOOLLOONGABBA 7 N/A N/A $399,000 -0.3% -6.6%
WOOLOOWIN 7 N/A N/A $362,500 1.7% 5.6%
WYNNUM 12 $365,000 N/A $370,000 -0.3% 2.8%
WYNNUM WEST 8 N/A N/A $340,000 -9.3% 7.9%
YEERONGPILLY 7 N/A N/A $420,250 11.6% -2.8%
YERONGA ~ 14 $395,000 -26.5% $435,500 3.7% 11.1%
ZILLMERE 13 $335,000 0.0% $335,000 -6.9% -4.3%
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We invite you to experience the difference with us today.
CALL US ON 1300 664 715
or visit agents.directconnect.com.au
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 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
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
12 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
SALES MARKET - HOUSES (CONT’D)
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
SALES MARKET - HOUSES
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
BRISBANE (SD) 6,437 $482,000 3.5% $472,000 5.5% 11.1%
BRISBANE (SD) ^ 436 $550,000 0.0% $561,000 2.0% 3.9%
IPSWICH (LGA) ~ 524 $320,000 6.7% $309,250 3.1% -3.1%
IPSWICH (LGA) ^ ~ 41 $487,500 12.1% $465,000 4.0% 2.1%
AUGUSTINE HEIGHTS 13 $542,500 13.0% $512,500 2.8% -5.1%
BELLBIRD PARK 19 $322,389 12.1% $320,000 -2.7% -1.5%
BOOVAL 8 N/A N/A $258,888 -0.4% -9.8%
BRASSALL 34 $310,000 -4.3% $315,000 1.6% -3.7%
BROOKWATER 14 $366,500 N/A $350,000 11.1% N/A
BUNDAMBA 15 $287,500 14.8% $280,000 1.8% 0.0%
CAMIRA 22 $345,500 3.1% $331,935 -0.5% -2.4%
COLLINGWOOD PARK 23 $292,000 -3.5% $305,000 3.7% -6.2%
EAST IPSWICH 11 $269,500 N/A $260,000 8.3% -5.8%
EASTERN HEIGHTS 18 $300,000 9.1% $288,000 20.0% 2.9%
FLINDERS VIEW ~ 19 $354,000 -10.2% $355,000 7.6% -9.7%
GOODNA 23 $285,000 0.0% $280,000 1.4% -5.4%
IPSWICH 6 N/A N/A $285,000 3.6% -13.6%
KARALEE ^ 16 $505,000 8.6% $510,000 1.5% -4.0%
LEICHHARDT 10 $217,000 5.3% $215,000 3.6% -13.8%
NEWTOWN 10 $322,500 N/A $310,500 -0.7% -3.8%
NORTH BOOVAL 5 N/A N/A $240,000 2.5% -16.4%
NORTH IPSWICH ~ 13 $263,500 -10.7% $256,500 11.5% -10.0%
ONE MILE 6 N/A N/A $235,000 6.8% -4.1%
RACEVIEW 27 $312,000 1.8% $306,500 5.7% -2.4%
REDBANK PLAINS 65 $310,271 12.0% $302,000 5.9% -4.1%
RIVERVIEW 2 N/A N/A $237,000 N/A -7.9%
ROSEWOOD 5 N/A N/A $259,000 1.2% 1.6%
SILKSTONE 12 $270,000 8.0% $266,000 4.3% -3.4%
SPRINGFIELD 26 $367,000 -5.4% $379,000 1.2% 3.7%
SPRINGFIELD LAKES 51 $407,500 -0.6% $405,000 6.6% 1.8%
TIVOLI 6 N/A N/A $235,000 N/A -14.1%
YAMANTO 19 $430,000 8.9% $365,000 9.0% 4.3%
LOGAN (LGA) 771 $354,000 3.8% $346,000 3.3% -0.3%
LOGAN (LGA) ^ 144 $500,000 -2.0% $509,000 2.8% 1.8%
BEENLEIGH 30 $310,000 10.1% $295,000 5.4% -9.9%
BETHANIA 8 N/A N/A $286,250 0.4% -10.0%
BORONIA HEIGHTS 21 $315,000 -1.6% $320,000 6.7% 0.8%
BROWNS PLAINS 12 $320,000 -0.9% $305,000 -1.6% -6.2%
CEDAR GROVE ^ 10 $409,000 N/A $420,000 5.0% -1.0%
CEDAR VALE ^ 9 N/A N/A $430,000 -1.1% 1.4%
CORNUBIA 14 $530,000 3.5% $496,500 9.1% 6.8%
CORNUBIA ^ 6 N/A N/A $695,000 N/A N/A
CRESTMEAD 44 $280,000 -5.9% $288,000 4.3% -8.3%
DAISY HILL 29 $430,000 -0.1% $440,000 10.8% 12.8%
EAGLEBY 22 $243,000 -0.8% $255,000 3.2% -11.1%
EDENS LANDING ~ 23 $370,000 15.6% $345,000 1.9% -4.2%
FORESTDALE ^ 4 N/A N/A $649,000 -0.9% 10.5%
GREENBANK ^ 16 $520,063 -3.5% $528,000 2.5% 1.8%
HERITAGE PARK ~ 17 $375,000 -7.9% $405,000 7.3% 1.5%
HILLCREST 22 $331,250 0.5% $322,250 2.3% -2.8%
JIMBOOMBA 9 N/A N/A $357,750 -2.8% -5.5%
JIMBOOMBA ^ 18 $470,000 7.5% $458,500 1.9% 0.3%
KINGSTON 32 $271,500 1.7% $270,000 9.8% -5.3%
LOGAN CENTRAL 17 $270,000 0.6% $267,250 9.1% -2.8%
LOGAN RESERVE 5 N/A N/A $333,500 N/A N/A
LOGAN VILLAGE ^ 7 N/A N/A $484,750 -6.8% -4.0%
LOGANHOLME 30 $340,000 -5.2% $350,000 -3.8% -1.2%
LOGANLEA 20 $332,500 2.3% $315,000 11.7% 1.6%
MARSDEN 45 $333,000 8.3% $315,500 2.4% -0.5%
MEADOWBROOK ~ 11 $437,000 17.3% $375,000 6.5% -3.8%
MOUNT WARREN PARK ~ 13 $322,000 -10.1% $340,000 3.0% -4.2%
MUNRUBEN ^ 6 N/A N/A $505,000 2.5% -0.8%
NEW BEITH ^ 6 N/A N/A $550,000 5.3% 3.3%
REGENTS PARK 33 $350,000 -4.1% $355,000 0.7% -1.4%
ROCHEDALE SOUTH 79 $455,000 5.8% $442,000 6.1% 10.5%
SHAILER PARK 54 $480,000 0.5% $485,000 6.6% 6.0%
SLACKS CREEK 32 $312,500 -1.1% $305,000 8.9% 2.7%
SPRINGWOOD 29 $425,000 -2.3% $435,000 6.1% 6.1%
TANAH MERAH 11 $390,000 0.5% $389,000 5.8% -2.8%
UNDERWOOD 22 $485,000 0.6% $485,000 5.1% 19.2%
WATERFORD 10 $380,619 8.0% $360,000 4.3% -9.4%
WATERFORD WEST ~ 15 $300,000 -11.9% $320,000 12.3% -1.2%
WINDAROO 11 $440,000 2.3% $422,500 11.2% 7.8%
WOODRIDGE 32 $262,000 -2.4% $262,000 11.0% -3.0%
YARRABILBA 12 $354,000 N/A $389,700 6.5% N/A
MORETON BAY (LGA) 1,245 $395,000 3.3% $391,125 3.5% 2.9%
MORETON BAY (LGA) ^ 150 $580,000 4.0% $575,000 4.5% 4.1%
ALBANY CREEK 58 $510,000 1.0% $500,000 1.0% 4.2%
ARANA HILLS 22 $505,000 10.3% $476,000 7.7% 8.9%
BANKSIA BEACH 20 $497,500 -1.0% $480,000 5.7% 2.1%
BEACHMERE 16 $335,000 1.5% $320,000 11.3% -7.2%
BELLARA 11 $335,000 2.1% $333,000 5.7% -0.6%
BELLMERE 20 $341,000 1.8% $330,000 3.8% -8.6%
BONGAREE 29 $380,000 8.6% $383,000 0.8% 0.8%
BRAY PARK 41 $379,000 2.4% $370,000 7.2% 0.7%
BUNYA ^ 2 N/A N/A $746,500 N/A N/A
BURPENGARY 22 $370,000 2.8% $355,500 7.4% -1.0%
BURPENGARY ^ 12 $545,000 0.0% $532,000 2.3% 0.9%
BURPENGARY EAST 2 N/A N/A $399,000 -1.0% N/A
BURPENGARY EAST ^ 10 $495,500 N/A $520,000 2.0% 4.0%
CABOOLTURE 73 $285,000 2.3% $287,750 3.1% -5.7%
CABOOLTURE ^ 8 N/A N/A $462,500 4.6% 2.0%
CABOOLTURE SOUTH ~ 23 $250,500 -16.5% $270,000 4.2% -8.0%
CASHMERE 12 $666,250 2.5% $650,000 12.8% 22.6%
CLONTARF 37 $385,000 -1.0% $378,000 8.0% 3.1%
DAKABIN 6 N/A N/A $426,500 1.5% 0.4%
DAYBORO ^ 11 $650,000 N/A $644,500 N/A N/A
DECEPTION BAY 72 $315,000 3.3% $305,000 7.0% -5.3%
EATONS HILL 25 $543,000 -0.9% $553,500 6.4% 8.0%
ELIMBAH ^ 7 N/A N/A $477,000 -5.1% -4.6%
EVERTON HILLS 19 $495,000 5.7% $495,000 7.1% 13.8%
FERNY HILLS 32 $457,500 -0.5% $470,000 4.6% 9.0%
GRIFFIN 12 $435,000 N/A $435,000 4.8% 8.4%
JOYNER 8 N/A N/A $525,000 7.8% 16.7%
KALLANGUR 73 $330,000 -6.3% $342,000 5.2% -2.3%
KIPPA-RING 30 $360,000 -2.7% $365,000 2.8% 0.0%
LAWNTON 17 $342,000 -2.8% $343,500 5.7% 0.2%
MANGO HILL 18 $500,000 9.3% $444,000 4.6% -2.4%
MARGATE 29 $435,000 13.0% $381,875 8.5% 6.3%
MORAYFIELD 54 $317,750 0.7% $316,000 7.1% -5.7%
MORAYFIELD ^ 19 $555,000 6.5% $525,000 4.7% -4.1%
MURRUMBA DOWNS 29 $446,000 1.5% $451,750 6.3% 6.3%
NARANGBA 52 $462,500 14.6% $425,000 0.0% 0.0%
NARANGBA ^ 9 N/A N/A $625,000 N/A N/A
NEWPORT 19 $745,000 -6.0% $807,500 13.3% 7.7%
NINGI ~ 14 $275,000 -13.0% $350,000 2.9% 9.5%
NINGI ^ 9 N/A N/A $479,500 0.9% -0.1%
NORTH LAKES 95 $440,000 0.5% $449,250 2.4% 2.1%
PETRIE 29 $415,000 12.3% $376,000 3.9% -0.1%
REDCLIFFE 40 $375,000 -2.1% $380,000 5.6% 5.6%
ROTHWELL 17 $397,000 1.5% $391,000 10.1% 2.9%
SAMFORD VALLEY ^ 8 N/A N/A $861,250 5.0% 7.7%
SANDSTONE POINT 12 $400,000 N/A $377,000 0.9% -4.6%
SCARBOROUGH ~ 33 $410,000 -16.3% $455,000 3.4% 3.4%
STRATHPINE 26 $360,000 9.1% $362,500 8.2% 4.8%
UPPER CABOOLTURE 8 N/A N/A $320,000 0.0% -5.9%
UPPER CABOOLTURE ^ 6 N/A N/A $520,000 3.5% -3.3%
WAMURAN ^ 4 N/A N/A $520,000 13.0% 3.5%
WARNER 34 $480,000 0.7% $470,000 2.2% 4.9%
WOODY POINT 21 $406,000 -3.3% $395,500 2.7% 6.9%
WOORIM 3 N/A N/A $410,000 0.0% -3.0%
13DECEMBER QUARTER 2014
BRISBANE MARKET UPDATES
SALES MARKET - HOUSES (CONT’D)
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
SALES MARKET - HOUSES (CONT’D)
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
SALES MARKET - UNITS & TOWNHOUSES
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.
560
509
GOLD COAST UNIT SALES (p)
SEP 14 DEC 14
19
16
BUNDABERG UNIT SALES (p)
SEP 14 DEC 14
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.
55
18
<$250
(p) Preliminary. See
Source: REIQ, data
13
<$250
RO
(p) Preliminary. See
Source: REIQ, data
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.
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.
443
373
459
426
SUNSHINE COAST & NOOSA HOUSE SALES (p)
SEP 14 DEC 14
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.
2
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
51
47
GLADSTONE HOUSE SALES (p)
SEP 14 DEC 14
2
(p) Preliminary. S
Source: REIQ, da
(p) Preliminary.
Source: REIQ, da
RO
(p) Preliminary.
Source: REIQ, da
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.
REDLAND (LGA) 519 $479,000 2.4% $470,000 4.1% 4.4%
REDLAND (LGA) ^ 22 $833,250 3.9% $802,000 5.5% 2.8%
ALEXANDRA HILLS 55 $404,000 -0.5% $410,000 3.7% 2.4%
BIRKDALE 52 $465,000 -5.5% $490,000 6.5% 8.9%
CAPALABA 55 $440,000 4.5% $439,000 7.1% 8.9%
CAPALABA ^ 5 N/A N/A $840,000 2.4% 9.8%
CLEVELAND 53 $530,000 5.1% $515,000 -0.3% 3.0%
MACLEAY ISLAND ~ f 12 $104,500 -49.0% $194,000 -11.8% -19.2%
MOUNT COTTON 20 $480,000 11.9% $479,000 4.1% 5.0%
ORMISTON ~ 22 $679,000 21.8% $560,000 -5.5% -1.8%
REDLAND BAY 63 $485,000 -2.8% $500,000 5.2% 3.7%
RUSSELL ISLAND 13 $175,000 2.9% $175,000 -7.4% -20.5%
THORNESIDE 13 $490,000 10.4% $445,500 18.8% 4.0%
THORNLANDS 44 $529,000 5.7% $520,000 2.2% -1.9%
THORNLANDS ^ 7 N/A N/A $788,500 N/A N/A
VICTORIA POINT 62 $497,000 5.2% $475,000 3.6% 3.3%
WELLINGTON POINT ~ 49 $601,820 16.3% $546,500 5.1% 9.0%
SURROUNDS
LOCKYER VALLEY (LGA) 39 $243,000 -2.3% $245,100 2.1% -5.7%
LOCKYER VALLEY (LGA) ^ ~ 58 $355,000 7.6% $346,000 7.3% 2.4%
GATTON 14 $264,000 3.2% $260,000 3.3% -6.8%
KENSINGTON GROVE ^ 7 N/A N/A $345,000 11.3% -6.8%
LAIDLEY 16 $209,750 N/A $212,500 -1.2% -13.6%
LAIDLEY HEIGHTS ^ 6 N/A N/A $302,000 N/A -2.6%
PLAINLAND ^ 5 N/A N/A $350,000 8.5% 11.1%
REGENCY DOWNS ^ 4 N/A N/A $315,000 9.5% 0.0%
WITHCOTT ^ 7 N/A N/A $365,053 2.6% N/A
SCENIC RIM (LGA) ~ 51 $366,250 8.9% $360,000 6.5% 2.2%
SCENIC RIM (LGA) ^ 44 $505,000 -1.9% $485,000 10.2% 3.2%
BEAUDESERT 14 $313,000 -3.5% $325,000 6.2% 6.9%
BOONAH 7 N/A N/A $255,000 -8.9% -9.2%
KOORALBYN ^ 7 N/A N/A $340,000 8.5% 2.4%
TAMBORINE ^ 5 N/A N/A $540,000 9.1% 12.5%
TAMBORINE MOUNTAIN 24 $440,000 -2.2% $440,000 10.0% -0.6%
TAMBORINE MOUNTAIN ^ 3 N/A N/A $610,000 -6.0% -13.3%
BRISBANE (SD) 2,322 $385,000 0.0% $390,000 2.6% 6.8%
IPSWICH (LGA) * t 58 $240,000 -0.8% $295,950 17.4% 13.8%
BRASSALL 3 N/A N/A $270,000 8.0% -2.5%
BUNDAMBA * t 2 N/A N/A $297,900 N/A N/A
GOODNA * t 10 $205,750 -33.6% $310,000 42.5% 31.8%
REDBANK PLAINS ~ 4 N/A N/A $225,000 N/A -21.1%
LOGAN (LGA) 223 $240,000 -0.4% $245,000 -5.0% -8.9%
BEENLEIGH * 14 $184,500 -2.9% $180,000 5.9% -23.6%
DAISY HILL 6 N/A N/A $286,000 N/A -4.3%
EAGLEBY ~ 16 $220,000 4.8% $225,250 -24.9% -28.0%
HILLCREST 5 N/A N/A $216,250 N/A N/A
KINGSTON * ~ 19 $265,000 -14.5% $285,000 N/A -5.0%
LOGAN CENTRAL 7 N/A N/A $176,000 6.7% -8.6%
MARSDEN 10 $336,000 0.6% $332,000 0.3% -6.5%
MEADOWBROOK 5 N/A N/A $255,000 N/A -15.7%
MOUNT WARREN PARK 7 N/A N/A $208,000 N/A -12.4%
ROCHEDALE SOUTH 10 $287,500 N/A $275,000 4.5% -1.8%
SHAILER PARK ~ 8 $287,500 11.0% $260,000 -5.8% -10.3%
SLACKS CREEK 11 $208,000 1.5% $207,000 11.9% -13.8%
SPRINGWOOD 13 $290,000 N/A $261,000 4.4% -7.4%
UNDERWOOD 2 N/A N/A $380,000 -1.0% 9.0%
WATERFORD WEST ~ 11 $187,500 N/A $188,750 2.0% -17.1%
WOODRIDGE 24 $185,000 1.1% $183,000 2.8% -12.0%
MORETON BAY (LGA) 273 $307,500 -3.7% $330,000 4.8% 0.0%
ARANA HILLS 3 N/A N/A $356,500 -6.2% -0.8%
BELLARA ~ 17 $124,363 N/A $220,000 -18.2% -25.4%
BONGAREE 14 $287,500 6.5% $298,750 4.8% -4.2%
BRENDALE * t 17 $260,000 -5.3% $321,750 26.2% 13.8%
BURPENGARY 3 N/A N/A $270,000 N/A -6.9%
CABOOLTURE ~ * 11 $255,000 0.0% $255,000 9.2% -12.1%
CLONTARF 11 $420,000 -3.7% $430,000 8.9% 22.9%
DECEPTION BAY ~ 13 $230,000 -26.3% $230,000 -25.1% -12.8%
GRIFFIN 3 N/A N/A $354,500 0.6% N/A
KALLANGUR * t 18 $307,250 -7.2% $331,000 11.1% -1.2%
KIPPA-RING ~ 6 N/A N/A $270,000 6.9% -20.1%
LAWNTON 5 N/A N/A $225,000 8.2% -15.1%
MANGO HILL 1 N/A N/A $361,100 6.2% 3.5%
MARGATE * 9 N/A N/A $372,500 19.2% -3.2%
MORAYFIELD ~ 5 N/A N/A $225,000 -21.7% -2.6%
MURRUMBA DOWNS 7 N/A N/A $345,000 -1.4% -0.7%
NORTH LAKES * t 7 N/A N/A $359,500 0.1% N/A
PETRIE * t 9 N/A N/A $336,000 N/A N/A
REDCLIFFE 26 $345,000 9.2% $335,000 -2.2% -11.3%
ROTHWELL 4 N/A N/A $304,500 N/A -6.5%
SCARBOROUGH ~ 21 $375,000 -8.5% $389,000 3.7% -8.5%
STRATHPINE 3 N/A N/A $254,750 1.9% -9.5%
WOODY POINT 11 $305,000 2.5% $320,000 -5.9% -16.9%
REDLAND (LGA) ~ 83 $338,000 -5.3% $359,000 4.1% 2.6%
CAPALABA * t 23 $283,500 3.1% $315,000 8.6% 2.8%
CLEVELAND 24 $385,000 -3.8% $413,750 13.4% 0.9%
ORMISTON 7 N/A N/A $362,000 2.4% 8.1%
THORNESIDE 5 N/A N/A $305,000 2.2% -1.6%
VICTORIA POINT 6 N/A N/A $361,500 15.7% 13.1%
SOMERSET (LGA) 45 $247,500 -4.6% $250,000 -3.8% -2.7%
SOMERSET (LGA) ^ 41 $380,000 -0.7% $380,000 11.8% 7.0%
ESK 6 N/A N/A $244,000 N/A N/A
FERNVALE 7 N/A N/A $341,000 N/A -1.4%
FERNVALE ^ 7 N/A N/A $402,500 1.4% N/A
KILCOY 7 N/A N/A $238,000 N/A -14.7%
LOWOOD 15 $251,250 N/A $242,500 -24.2% -0.5%
MINDEN ^ 6 N/A N/A $357,500 N/A N/A
14 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
SALES MARKET - VACANT LAND
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
SALES MARKET - VACANT LAND (CONT’D)
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
RENTAL MARKET - 3 BED HOUSES
POST DEC-14 DEC-13
CODE LOCALITYL
$/WEEK NEW BONDS $/WEEK NEW BONDS
IPSWICH CITY $300 705 $300 820
4300 AUGUSTINE HEIGHTS $340 178 $340 221
4301 COLLINGWOOD PARK $310 85 $310 116
4303 DINMORE $260 15 $285 16
4304 BLACKSTONE $290 78 $280 97
4305 BASIN POCKET $285 271 $280 290
4306 AMBERLEY $320 47 $300 53
4340 ASHWELL $290 24 $295 25
4346 MARBURG $275 7 N.A. 2
LOGAN CITY $340 831 $340 894
4114 KINGSTON $315 138 $310 152
4118 BROWNS PLAINS $345 93 $340 101
4119 UNDERWOOD $360 8 $360 8
4123 PRIESTS GULLY $390 51 $380 60
4124 BORONIA HEIGHTS $340 39 $340 41
4125 MUNRUBEN $400 8 $360 8
4127 CHATSWOOD HILLS $365 69 $350 82
4128 KIMBERLEY PARK $370 25 $385 41
4129 LOGANDALE $365 23 $350 26
4130 CARBROOK $380 6 $375 16
4131 LOGANLEA $340 27 $340 29
4132 CRESTMEAD $330 72 $330 84
4133 CHAMBERS FLAT $340 47 $350 39
4205 BETHANIA $320 15 $330 17
4207 ALBERTON $330 191 $330 171
4280 JIMBOOMBA $380 18 $360 18
MORETON BAY REGIONAL $340 1056 $330 1056
4019 CLONTARF $350 81 $350 105
4020 NEWPORT $360 83 $345 92
4021 KIPPA-RING $350 32 $340 28
4022 ROTHWELL $350 10 $350 6
4035 ALBANY CREEK $410 15 $390 22
4037 EATONS HILL $450 9 $430 5
4055 BUNYA $400 38 $420 31
4500 BRAY PARK $360 72 $350 79
4501 LAWNTON $340 16 $340 25
4502 FRENCHS FOREST $350 23 $330 15
4503 DAKABIN $350 93 $330 80
4504 NARANGBA $340 27 $330 19
4505 BURPENGARY $340 20 $312 36
4506 MOORINA $300 70 $285 45
4507 BANKSIA BEACH $330 51 $320 49
4508 DECEPTION BAY $300 107 $300 90
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
91
GOLD COAST LAND SALES (p)
SEP 14 DEC 14
49
29
BUNDABERG LAND SALES (p)
SEP 14 DEC 14
62
3 0
44
2 1
<$250,000 $250,000+ $350,000+
FRASER COAST LAND SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
28
<$
(p) Preliminary. Se
Source: REIQ, data
7
<$
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
BRISBANE (SD) 526 $215,900 0.4% $219,000 5.8% 1.9%
BRISBANE (SD) ^ 64 $300,000 9.9% $269,000 3.5% 3.5%
IPSWICH (LGA) 62 $175,450 4.3% $178,000 4.8% 2.9%
IPSWICH (LGA) ^ 12 N/A N/A $240,000 2.0% 1.4%
AUGUSTINE HEIGHTS 4 N/A N/A $220,400 5.0% -1.6%
BELLBIRD PARK 3 N/A N/A $197,000 1.0% -6.2%
BRASSALL * 11 $185,000 N/A $185,500 9.1% 5.8%
DEEBING HEIGHTS 7 N/A N/A $165,600 10.4% N/A
GOODNA 2 N/A N/A $170,000 -5.6% 0.0%
KARALEE ^ 6 N/A N/A $262,500 5.0% 3.1%
LEICHHARDT * 4 N/A N/A $170,000 N/A N/A
RACEVIEW 1 N/A N/A $172,000 4.2% 14.7%
REDBANK PLAINS * 14 $159,900 -3.1% $151,500 6.7% -10.9%
RIPLEY * 6 N/A N/A $167,000 N/A N/A
SPRINGFIELD LAKES 3 N/A N/A $192,500 7.5% 14.6%
LOGAN (LGA) * 101 $197,500 5.1% $182,250 1.3% -11.1%
LOGAN (LGA) ^ 17 $285,000 1.8% $261,000 6.5% 11.2%
BUCCAN ^ * 2 N/A N/A $290,000 N/A N/A
CORNUBIA * 7 N/A N/A $350,000 2.9% N/A
HOLMVIEW 2 N/A N/A $180,000 0.1% -14.2%
JIMBOOMBA * 3 N/A N/A $178,000 1.4% -3.3%
JIMBOOMBA ^ * 2 N/A N/A $231,500 10.8% 17.1%
LOGAN RESERVE * 7 N/A N/A $149,275 -5.1% N/A
LOGAN VILLAGE 2 N/A N/A $246,000 -5.4% N/A
LOGANLEA * 18 $190,000 N/A $187,000 N/A -3.6%
MARSDEN 11 $190,000 N/A $185,000 3.1% -2.6%
NEW BEITH ^ 3 N/A N/A $280,000 7.7% 12.9%
REGENTS PARK 6 N/A N/A $238,000 9.2% N/A
UNDERWOOD 1 N/A N/A $375,000 2.7% 12.8%
WATERFORD * 3 N/A N/A $171,750 -4.1% -1.6%
YARRABILBA * 19 $164,500 N/A $159,000 7.4% N/A
MORETON BAY (LGA) 173 $223,500 6.0% $219,000 5.3% 7.4%
MORETON BAY (LGA) ^ ~ 23 $300,000 10.3% $270,000 -3.4% -6.9%
BANKSIA BEACH * f 1 N/A N/A $400,500 -10.5% -12.9%
BRAY PARK - N/A N/A $204,500 0.0% -7.0%
BURPENGARY * 9 N/A N/A $214,900 2.4% N/A
CABOOLTURE ^ 1 N/A N/A $255,000 -1.9% N/A
CABOOLTURE ~ 22 $174,750 -6.6% $175,000 -2.8% -7.4%
DAKABIN * 10 $215,500 7.5% $206,500 5.9% -3.9%
GRIFFIN 17 $225,000 4.9% $218,000 5.3% 5.7%
MANGO HILL * 27 $238,000 9.2% $230,000 2.2% 0.0%
MORAYFIELD 6 N/A N/A $175,000 1.7% -7.9%
NARANGBA 3 N/A N/A $207,000 3.5% -9.4%
NINGI * 2 N/A N/A $191,400 N/A -15.1%
NORTH LAKES * 20 $248,950 N/A $240,280 10.4% 20.7%
WARNER * 29 $230,900 4.0% $231,700 3.0% 0.7%
REDLAND (LGA) ~ f B 90 $35,000 -31.4% $242,500 86.5% -0.6%
BIRKDALE * 9 N/A N/A $309,000 N/A 4.1%
CLEVELAND 2 N/A N/A $312,500 -2.3% 0.8%
MACLEAY ISLAND ~ f 25 $30,000 -10.4% $32,000 28.0% -41.8%
MOUNT COTTON - N/A N/A $262,000 4.8% 6.9%
REDLAND BAY 3 N/A N/A $270,000 2.3% 3.8%
RUSSELL ISLAND ~ f 35 $19,000 -5.0% $19,000 -5.0% -52.5%
THORNLANDS 6 N/A N/A $285,000 2.2% 14.2%
SURROUNDS
LOCKYER VALLEY (LGA) 18 $100,000 0.0% $100,000 1.0% -15.3%
LOCKYER VALLEY (LGA) ^ 14 N/A N/A $129,750 11.4% -2.8%
LAIDLEY NORTH * 16 $100,000 0.0% $100,000 0.0% N/A
WITHCOTT ^ 2 N/A N/A $148,000 1.4% 7.6%
SCENIC RIM (LGA) 7 N/A N/A $179,250 -0.1% -5.2%
SCENIC RIM (LGA) ^ 3 N/A N/A $230,000 17.9% 36.9%
GLENEAGLE 2 N/A N/A $179,000 -0.3% 4.1%
SOMERSET (LGA) 8 N/A N/A $139,500 3.3% 8.1%
FERNVALE 5 N/A N/A $145,000 7.4% 9.8%
15DECEMBER QUARTER 2014
BRISBANE MARKET UPDATES
RENTAL MARKET - 3 BED HOUSES (CONT’D)
POST DEC-14 DEC-13
CODE LOCALITYL
$/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 2 BED UNITS
RENTAL MARKET - 2 BED UNITS (CONT’D)
POST DEC-14 DEC-13
CODE LOCALITYL
$/WEEK NEW BONDS $/WEEK NEW BONDS
4509 MANGO HILL $380 90 $380 67
4510 BALINGOOL $290 164 $285 171
4511 GODWIN BEACH $325 13 $310 37
4514 BELLTHORPE $300 19 $325 21
4520 ARMSTRONG CREEK $450 12 $380 11
4521 CAMPBELLS POCKET $310 5 $375 11
REDLAND CITY $390 316 $380 332
4157 CAPALABA $395 39 $380 32
4158 THORNESIDE $360 6 $370 9
4159 AQUATIC PARADISE $415 28 $400 23
4160 EROBIN $415 29 $410 29
4161 ALEXANDRA HILLS $395 40 $395 41
4163 CLEVELAND $415 31 $390 31
4164 PINKLANDS $440 19 $420 23
4165 MOUNT COTTON $395 56 $390 64
4184 COOCHIEMUDLO ISLAND $250 65 $230 76
LOCKYER VALLEY REGIONAL $290 87 $270 110
4341 BLENHEIM $280 46 $260 44
4342 CROWLEY VALE $295 7 $270 18
4343 ADARE $290 30 $285 36
SCENIC RIM REGIONAL $300 110 $295 127
4270 TAMBORINE $450 6 N.A. 1
4271 EAGLE HEIGHTS $365 8 $390 11
4272 MOUNT TAMBORINE $370 20 $375 16
4285 ALLENVIEW $300 42 $290 42
4307 COLEYVILLE $280 6 $260 10
4309 ARATULA $250 6 $260 9
4310 ALLANDALE $270 17 $265 25
SOMERSET REGIONAL $265 63 $270 57
4311 ATKINSONS DAM $275 30 $280 23
4312 BRYDEN $225 12 $235 7
4515 GLENFERN $285 17 $320 17
IPSWICH CITY $255 140 $250 129
4300 AUGUSTINE HEIGHTS $260 28 $260 31
4301 COLLINGWOOD PARK $265 17 $250 23
4304 BLACKSTONE $260 35 $245 21
4305 BASIN POCKET $250 54 $250 53
4306 AMBERLEY $230 6 N.A. 1
LOGAN CITY $260 188 $260 191
4114 KINGSTON $250 75 $265 73
4127 CHATSWOOD HILLS $300 15 $295 16
4128 KIMBERLEY PARK $280 7 $285 6
4131 LOGANLEA $265 6 N.A. 4
4133 CHAMBERS FLAT $260 8 $239 12
4207 ALBERTON $260 58 $250 67
4280 JIMBOOMBA $270 5 $245 5
MORETON BAY REGIONAL $280 479 $275 442
4019 CLONTARF $265 80 $275 77
4020 NEWPORT $300 100 $295 78
4021 KIPPA-RING $270 7 $265 8
4500 BRAY PARK $290 28 $290 34
4501 LAWNTON $275 14 $270 19
4503 DAKABIN $280 42 $280 37
4505 BURPENGARY $270 9 N.A. 2
4506 MOORINA $260 17 $265 12
4507 BANKSIA BEACH $260 49 $270 50
4508 DECEPTION BAY $295 15 $270 15
4509 MANGO HILL $300 20 $310 21
4510 BALINGOOL $260 88 $250 79
REDLAND CITY $340 58 $330 88
4157 CAPALABA $330 9 $330 17
4161 ALEXANDRA HILLS $360 5 $160 5
4163 CLEVELAND $375 27 $400 36
4165 MOUNT COTTON $290 5 $143 6
LOCKYER VALLEY REGIONAL N/A 13 $220 24
4343 ADARE $240 11 $220 20
IPSWICH CITY $310 144 $310 121
4300 AUGUSTINE HEIGHTS $330 37 $320 54
4301 COLLINGWOOD PARK $310 32 $300 19
4304 BLACKSTONE $305 46 $305 15
4305 BASIN POCKET $300 28 $305 31
LOGAN CITY $335 381 $330 425
4114 KINGSTON $325 32 $320 56
4118 BROWNS PLAINS $350 60 $350 58
4119 UNDERWOOD $400 14 $335 32
4123 PRIESTS GULLY $325 11 $335 10
4124 BORONIA HEIGHTS $345 6 N.A. 3
4127 CHATSWOOD HILLS $315 27 $330 36
4128 KIMBERLEY PARK $330 8 $345 13
4130 CARBROOK $370 5 N.A. 3
4131 LOGANLEA $341 22 $350 22
4132 CRESTMEAD $340 68 $340 53
4133 CHAMBERS FLAT $310 19 $310 19
4205 BETHANIA $272 16 N.A. 1
4207 ALBERTON $320 92 $320 117
MORETON BAY REGIONAL $340 594 $335 530
4019 CLONTARF $350 12 $350 11
4020 NEWPORT $370 13 $380 11
4021 KIPPA-RING $335 46 $335 42
4035 ALBANY CREEK $380 22 $380 17
4500 BRAY PARK $350 73 $335 54
4501 LAWNTON $310 7 $340 11
4502 FRENCHS FOREST $345 29 $320 16
4503 DAKABIN $340 160 $340 132
4504 NARANGBA $345 9 $340 11
4505 BURPENGARY $300 19 $310 32
4506 MOORINA $310 13 $300 29
4507 BANKSIA BEACH $320 6 $315 11
4508 DECEPTION BAY $310 50 $310 40
4509 MANGO HILL $355 109 $350 77
4510 BALINGOOL $285 16 $295 27
REDLAND CITY $390 99 $385 83
4157 CAPALABA $344 11 $350 6
4158 THORNESIDE $375 9 $380 10
4159 AQUATIC PARADISE $420 7 N.A. 3
4160 EROBIN $380 13 $395 13
4163 CLEVELAND $400 36 $385 34
4165 MOUNT COTTON $395 18 $390 14
LOCKYER VALLEY REGIONAL N/A 6 N/A 4
4343 ADARE $275 5 N.A. 4
SCENIC RIM REGIONAL N/A 5 N/A 9
4285 ALLENVIEW $300 5 $280 9
RENTAL MARKET - 3 BED TOWNHOUSES
SCENIC RIM REGIONAL $220 30 $220 37
4272 MOUNT TAMBORINE $290 5 N.A. 2
4285 ALLENVIEW $210 21 $210 32
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.
17
REGIONAL MARKET UPDATES
DECEMBER QUARTER 2014
SALES MARKET - UNITS & TOWNHOUSES
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
SALES MARKET - HOUSES
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
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+ $1m+
SUNSHINE COAST & NOOSA UNIT SALES (p)
SEP 14 DEC 14
(p) Preliminary. See explanatory notes for further information.
Source: REIQ, data provided by RP Data.
<
(p) Prelimina
Source: REIQ
<$
(p) Preliminar
Source: REIQ,
<
(p) Preliminar
Source: REIQ,
<
(p) Prelimina
Source: REIQ
GOLD COAST (LGA) ~ 1,409 $520,000 5.1% $510,000 6.5% 6.1%
GOLD COAST (LGA) ^ 127 $702,500 3.3% $680,000 4.8% 1.5%
ARUNDEL ~ 34 $555,000 20.7% $497,500 7.0% 6.8%
ASHMORE 38 $520,250 6.9% $499,000 14.7% 6.4%
BENOWA 25 $785,000 12.1% $750,000 9.5% 6.6%
BIGGERA WATERS ~ f 10 $695,000 25.7% $575,000 18.6% 6.5%
BONOGIN ^ ~ 16 $600,000 -8.5% $596,500 1.5% -7.5%
BROADBEACH WATERS 46 $800,000 2.9% $810,000 9.5% -2.4%
BUNDALL ~ f 22 $749,000 -11.4% $768,500 3.2% -6.8%
BURLEIGH HEADS ~ f 18 $557,500 -14.4% $590,000 1.7% 4.4%
BURLEIGH WATERS 44 $579,000 -0.2% $587,500 8.3% 6.8%
CARRARA ~ 23 $437,500 -7.9% $473,000 10.8% 6.9%
CLEAR ISLAND WATERS 17 $929,500 -4.9% $825,000 7.4% -4.7%
COOMBABAH 30 $430,000 2.4% $413,000 5.6% -0.5%
COOMERA ~ f 16 $473,000 28.2% $379,250 5.5% -7.2%
CURRUMBIN 8 N/A N/A $896,500 40.6% 57.3%
CURRUMBIN WATERS ~ f 22 $537,500 15.6% $515,000 4.8% 5.1%
ELANORA 41 $522,500 7.7% $525,000 8.2% 6.3%
GILSTON 10 $487,000 N/A $489,000 5.2% 6.3%
HELENSVALE 60 $505,000 0.6% $484,000 5.6% 0.2%
HIGHLAND PARK 19 $415,000 -4.6% $415,000 1.8% 0.0%
HOLLYWELL 11 $552,500 N/A $552,500 2.3% 3.3%
HOPE ISLAND 34 $571,500 14.3% $530,000 7.6% 4.1%
JACOBS WELL 8 N/A N/A $405,000 13.2% -1.7%
LABRADOR 17 $439,500 5.9% $441,750 13.3% 3.9%
MAUDSLAND 6 N/A N/A $466,000 5.9% 7.7%
MAUDSLAND ^ 5 N/A N/A $775,000 19.2% N/A
MERMAID BEACH ~ f 16 $890,000 -19.0% $910,000 6.4% -13.3%
MERMAID WATERS ~ f 52 $725,000 17.2% $685,000 9.6% 9.7%
MERRIMAC 17 $445,000 6.7% $425,000 7.6% 2.4%
MIAMI 13 $607,500 2.1% $580,000 11.5% 10.6%
MOLENDINAR 21 $565,000 12.4% $507,000 7.6% 4.5%
MUDGEERABA 35 $500,000 6.4% $482,500 7.2% 7.2%
MUDGEERABA ^ 10 $635,000 N/A $630,000 -0.8% -1.6%
NERANG 46 $385,000 1.2% $378,500 5.1% -0.4%
NERANG ^ 3 N/A N/A $720,000 N/A 1.1%
ORMEAU 56 $470,000 9.8% $426,000 4.9% -1.0%
ORMEAU HILLS 8 N/A N/A $442,744 -1.4% -4.8%
OXENFORD 43 $445,250 5.1% $432,500 -0.9% -1.2%
PACIFIC PINES 64 $460,000 -4.2% $465,000 3.3% 2.2%
PALM BEACH 52 $605,000 6.1% $570,000 7.5% 8.6%
PARADISE POINT ~ f 21 $767,500 -9.7% $836,000 3.2% -4.5%
PARKWOOD 23 $515,000 7.5% $502,000 11.6% 6.8%
PIMPAMA ~ 10 $372,500 -17.5% $390,000 -2.3% 0.0%
REEDY CREEK 20 $600,000 0.8% $620,500 1.7% -2.0%
ROBINA 59 $575,000 1.8% $525,000 1.4% -0.9%
RUNAWAY BAY ~ f 21 $765,000 -14.5% $819,000 12.2% 8.5%
SOUTHPORT 56 $461,000 -1.9% $469,500 9.2% 3.2%
SURFERS PARADISE 26 $1,250,000 6.4% $1,127,500 -2.4% -9.8%
TALLAI ^ ~ 13 $641,000 -7.1% $682,500 -7.1% -0.4%
TALLEBUDGERA ^ 5 N/A N/A $695,000 5.3% -0.7%
TALLEBUDGERA VALLEY ^ 6 N/A N/A $765,000 N/A N/A
TUGUN ~ 10 $630,500 32.0% $488,000 -1.9% 8.4%
UPPER COOMERA 104 $413,250 3.3% $408,000 7.4% -1.7%
VARSITY LAKES 40 $511,000 0.2% $500,000 6.4% 7.1%
WORONGARY 8 N/A N/A $409,750 5.7% 3.1%
WORONGARY ^ 11 $735,000 N/A $721,500 24.9% 16.4%
GOLD COAST (LGA) 1,577 $350,000 2.9% $357,436 3.6% -3.4%
ARUNDEL ~ 11 $340,000 10.2% $310,000 3.3% -3.9%
ASHMORE 15 $274,000 -4.5% $284,000 9.2% -9.0%
BENOWA ~ 26 $391,000 -3.5% $518,000 4.2% 42.0%
BIGGERA WATERS ~ t 25 $273,500 -17.1% $406,000 1.8% 6.8%
BILINGA ~ 9 N/A N/A $377,500 -4.4% -21.4%
BROADBEACH 84 $430,000 2.9% $430,000 -4.4% -7.5%
BROADBEACH WATERS ~ 9 N/A N/A $360,000 -5.3% -21.7%
BUNDALL ~ 8 N/A N/A $314,450 -10.2% -2.8%
BURLEIGH HEADS 60 $396,000 1.4% $391,000 6.9% -2.3%
BURLEIGH WATERS ~ 17 $370,000 11.3% $342,500 5.2% -4.5%
CARRARA ~ 30 $431,040 23.2% $420,450 3.8% 7.8%
CLEAR ISLAND WATERS 9 N/A N/A $420,000 -6.7% 6.6%
COOLANGATTA ~ 50 $399,000 -13.3% $399,000 2.3% -11.3%
COOMBABAH ~ t 43 $325,000 -9.3% $325,000 8.9% 1.0%
COOMERA ~ t 14 $259,875 -20.0% $317,500 17.2% -3.8%
CURRUMBIN ~ t 12 $587,500 54.3% $421,000 0.8% 9.2%
CURRUMBIN WATERS ~ 10 $323,750 10.7% $310,000 6.9% -4.6%
ELANORA ~ 11 $285,000 -10.9% $300,000 4.2% -6.8%
HELENSVALE ~ t 12 $304,000 16.9% $308,000 6.2% -2.2%
HIGHLAND PARK 3 N/A N/A $249,000 -9.8% -11.9%
HOPE ISLAND ~ t f 22 $410,000 10.8% $392,500 26.6% -0.6%
LABRADOR * 76 $312,500 3.3% $330,000 8.2% 4.8%
MAIN BEACH ~ f 35 $573,750 10.3% $574,000 3.9% -3.9%
MAUDSLAND 9 N/A N/A $269,900 -2.8% 9.7%
MERMAID BEACH ~ f 41 $380,000 1.9% $390,000 16.1% 8.3%
MERMAID WATERS 20 $293,000 -6.1% $305,000 2.5% -4.4%
MERRIMAC ~ 10 $270,000 -12.9% $310,000 -18.4% -4.6%
MIAMI 27 $365,000 2.8% $355,000 5.0% -8.6%
MUDGEERABA ~ 19 $332,500 16.7% $321,000 -0.6% -5.2%
NERANG ~ 35 $281,000 12.4% $273,000 3.0% -4.2%
ORMEAU 4 N/A N/A $329,000 8.8% -6.5%
OXENFORD ~ 15 $272,000 -9.6% $278,000 6.9% -4.1%
PACIFIC PINES 14 $332,500 3.1% $355,000 -2.7% -3.5%
PALM BEACH ~ 56 $352,500 8.5% $355,000 7.9% -2.7%
PARADISE POINT ~ f 21 $345,000 -23.3% $493,500 -11.9% -3.9%
PIMPAMA 13 $335,000 N/A $357,450 -7.2% 3.2%
REEDY CREEK 23 $290,000 3.8% $290,000 8.0% -3.2%
ROBINA 43 $385,000 0.5% $395,000 -7.2% -12.2%
RUNAWAY BAY ~ 44 $431,000 21.4% $430,000 -4.4% -0.6%
SOUTHPORT 110 $318,000 5.0% $324,000 2.9% -11.2%
SURFERS PARADISE 219 $320,000 -1.5% $335,000 -5.6% -9.5%
TUGUN 25 $382,500 2.0% $382,218 6.9% -10.6%
UPPER COOMERA 24 $306,500 1.3% $305,000 3.7% -10.8%
VARSITY LAKES * 45 $370,000 -4.6% $389,000 5.7% -1.5%
18 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
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 49
SUNSHINE COAST & NOOSA LAND SALES (p)
SEP 14 DEC 14
(p) Preliminar
Source: REIQ,
(p) Preliminar
Source: REIQ,
(p) Preliminar
Source: REIQ,
RENTAL MARKET - 3 BED HOUSES
POST DEC-14 DEC-13
CODE LOCALITYL
$/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 2 BED UNITS
POST DEC-14 DEC-13
CODE LOCALITYL
$/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 3 BED TOWNHOUSES
SALES MARKET - VACANT LAND
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
GOLD COAST (LGA) * 145 $233,000 -0.4% $231,000 0.7% -1.2%
GOLD COAST (LGA) ^ 8 N/A N/A $360,000 3.6% -3.7%
COOMERA * 16 $265,000 16.2% $229,500 4.3% -3.8%
ELANORA * 3 N/A N/A $316,500 N/A N/A
GILSTON 3 N/A N/A $256,000 2.4% 16.1%
HELENSVALE * f 2 N/A N/A $532,500 N/A 94.3%
ORMEAU 11 $247,500 N/A $226,000 2.7% 2.7%
ORMEAU HILLS * 23 $212,900 N/A $214,000 1.9% N/A
OXENFORD * 2 N/A N/A $235,000 N/A 3.5%
PIMPAMA * 42 $224,000 1.8% $224,000 1.8% 2.1%
REEDY CREEK 3 N/A N/A $319,500 7.4% 6.5%
UPPER COOMERA * 15 $233,000 0.2% $229,500 2.0% 2.0%
WILLOW VALE 2 N/A N/A $206,900 4.2% N/A
GOLD COAST CITY $440 942 $420 1031
4208 BURNSIDE $370 24 $375 24
4209 COOMERA $390 104 $379 119
4210 OXENFORD $395 18 $390 21
4211 ADVANCETOWN $410 103 $395 122
4212 HELENSVALE $500 46 $470 72
4213 BONOGIN $450 34 $420 54
4214 ARUNDEL $430 90 $420 83
4215 LABRADOR $410 113 $390 110
4216 PARADISE POINT $400 58 $400 78
4217 BENOWA $550 43 $560 36
4218 BROADBEACH $535 62 $510 62
4220 BURLEIGH HEADS $495 64 $450 56
4221 ELANORA $480 53 $460 50
4223 CURRUMBIN $420 16 $420 31
4224 TUGUN $450 6 $390 8
4225 BILINGA $400 10 $425 5
4226 CLEAR ISLAND WATERS $480 66 $450 63
4227 REEDY CREEK $460 31 $465 29
GOLD COAST CITY $370 2324 $355 2540
4209 COOMERA $305 6 $300 9
4210 OXENFORD $300 22 $300 21
4211 ADVANCETOWN $320 31 $330 36
4212 HELENSVALE $390 48 $390 47
4214 ARUNDEL $320 21 $290 20
4215 LABRADOR $350 562 $340 585
4216 PARADISE POINT $360 215 $350 192
4217 BENOWA $410 502 $385 612
4218 BROADBEACH $360 327 $350 341
4220 BURLEIGH HEADS $375 168 $370 183
4221 ELANORA $340 124 $320 166
4223 CURRUMBIN $380 41 $350 25
4224 TUGUN $350 24 $310 31
4225 BILINGA $345 98 $330 134
4226 CLEAR ISLAND WATERS $415 73 $400 54
4227 REEDY CREEK $400 55 $410 79
GOLD COAST CITY $395 1064 $380 1259
4208 BURNSIDE $370 7 $370 21
4209 COOMERA $355 152 $350 154
4210 OXENFORD $360 13 $350 13
4211 ADVANCETOWN $370 185 $360 221
4212 HELENSVALE $430 27 $420 43
4213 BONOGIN $360 27 $360 44
4214 ARUNDEL $375 46 $360 50
4215 LABRADOR $410 110 $385 148
4216 PARADISE POINT $375 77 $360 89
4217 BENOWA $460 45 $470 73
4218 BROADBEACH $465 24 $400 25
4220 BURLEIGH HEADS $460 34 $450 25
4221 ELANORA $390 29 $400 22
4223 CURRUMBIN $370 10 $360 24
4224 TUGUN $445 18 $430 34
4226 CLEAR ISLAND WATERS $455 172 $430 178
4227 REEDY CREEK $420 82 $410 88
... the Gold Coast economy
continues to gather
momentum
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.
20 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
SALES MARKET - UNITS & TOWNHOUSES
RENTAL MARKET - 3 BED TOWNHOUSES
RENTAL MARKET - 2 BED UNITS
SALES MARKET - VACANT LAND
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
SALES MARKET - HOUSES
SUBURB
NUMBER
OF SALES
MEDIAN
SALE
QTRLY
CHANGE
ANNUAL
MEDIAN
SALE
1YR
CHANGE
5YR
CHANGE
RENTAL MARKET - 3 BED HOUSES
POST DEC-14 DEC-13
CODE LOCALITYL
$/WEEK NEW BONDS $/WEEK NEW BONDS
TOOWOOMBA (LGA) 86 $268,750 -3.7% $282,000 8.5% 22.6%
CENTENARY HEIGHTS ~ 7 N/A N/A $269,000 -16.6% 10.1%
EAST TOOWOOMBA t ~ 5 N/A N/A $275,000 19.2% 27.0%
HARRISTOWN ~ 6 N/A N/A $217,121 -11.0% -13.2%
KEARNEYS SPRING 11 $275,000 -5.7% $285,000 2.3% 18.3%
NEWTOWN 12 $250,000 -2.5% $256,750 8.3% 18.9%
RANGEVILLE * t 8 N/A N/A $349,000 9.4% 24.6%
SOUTH TOOWOOMBA * t 3 N/A N/A $305,000 15.1% N/A
TOOWOOMBA CITY ~ 5 N/A N/A $235,000 -21.7% 15.2%
WILSONTON 6 N/A N/A $260,000 10.6% 13.8%
TOOWOOMBA REGIONAL $310 619 $290 601
4350 KEARNEYS SPRING $315 483 $300 454
4352 AMIENS $335 28 $330 25
4354 DOUGLAS $230 6 N.A. 3
4355 ANDURAMBA $275 8 $270 9
4356 PITTSWORTH $290 17 $255 24
4357 BRINGALILY $250 11 $270 10
4359 ASCOT $250 6 $275 7
4361 BACK PLAINS $230 8 $225 8
4400 KINGSTHORPE $255 6 $270 8
4401 ACLAND $280 24 $260 36
4614 NEUMGNA $220 10 N.A. 3
GOONDIWINDI REGIONAL $265 37 $265 32
4385 BEEBO $190 6 N.A. 3
4387 BRUSH CREEK $210 5 $200 6
4390 BILLA BILLA $285 25 $285 22
SOUTHERN DOWNS REGIONAL $260 130 $250 145
4362 ALLORA $290 5 $250 8
4370 ALLAN $260 79 $250 90
4380 AMIENS $280 33 $260 32
WESTERN DOWNS REGIONAL $260 172 $350 171
4405 BLAXLAND $260 87 $320 79
4410 JANDOWAE $250 7 N.A. 4
4413 BAKING BOARD $275 46 $430 56
4415 MILES $270 12 $550 22
4419 COCKATOO $285 5 N.A. 4
4421 GORANBA $220 8 N.A. 0
TOOWOOMBA REGIONAL $300 17 $330 17
4350 KEARNEYS SPRING $300 17 $320 16
WESTERN DOWNS REGIONAL $350 19 N/A 9
4413 BAKING BOARD $350 19 $500 9
TOOWOOMBA REGIONAL $250 337 $240 322
4350 KEARNEYS SPRING $252 317 $240 305
4401 ACLAND $215 9 $180 6
GOONDIWINDI REGIONAL $200 25 $190 28
4390 BILLA BILLA $200 21 $190 24
SOUTHERN DOWNS REGIONAL $204 51 $200 53
4370 ALLAN $214 31 $200 39
4380 AMIENS $180 18 $200 13
WESTERN DOWNS REGIONAL $220 49 $270 62
4405 BLAXLAND $200 28 $235 31
4413 BAKING BOARD $240 13 $400 24
TOOWOOMBA (LGA) 573 $350,000 3.1% $340,000 6.3% 21.5%
TOOWOOMBA (LGA) ^ 110 $460,500 2.7% $490,000 6.5% 21.0%
CENTENARY HEIGHTS 37 $361,875 3.5% $350,000 6.1% 22.4%
CROWS NEST 4 N/A N/A $250,000 2.0% 8.1%
DARLING HEIGHTS 26 $355,000 1.6% $340,000 6.8% 20.4%
EAST TOOWOOMBA 24 $398,000 -0.7% $431,250 11.3% 18.6%
GLENVALE 21 $380,000 0.3% $367,000 9.6% 16.5%
GOWRIE JUNCTION ^ 8 N/A N/A $440,000 N/A N/A
HARLAXTON 11 $287,500 N/A $274,000 9.6% 22.5%
HARRISTOWN 40 $328,750 2.6% $312,000 7.6% 24.8%
HIGHFIELDS 15 $525,000 N/A $490,750 9.1% 17.5%
HIGHFIELDS ^ 28 $545,000 9.1% $535,000 10.8% 21.5%
KEARNEYS SPRING 23 $367,500 -2.0% $365,000 4.5% 21.5%
KINGSTHORPE 6 N/A N/A $303,500 12.4% 21.4%
KLEINTON 9 N/A N/A $490,000 9.4% N/A
MERINGANDAN WEST ^ 9 N/A N/A $358,000 11.9% 17.4%
MIDDLE RIDGE ~ 35 $540,000 15.1% $500,000 9.2% 17.4%
MOUNT LOFTY 23 $390,000 N/A $415,000 16.9% 27.7%
NEWTOWN 57 $310,000 6.9% $300,000 10.1% 21.3%
NORTH TOOWOOMBA 19 $290,000 -3.7% $310,000 11.5% 31.1%
OAKEY ~ 17 $252,000 16.5% $222,800 -1.0% 9.8%
PITTSWORTH 10 $284,500 3.2% $279,500 -0.2% 3.5%
RANGEVILLE 44 $460,000 13.3% $410,000 6.1% 10.8%
ROCKVILLE 19 $281,000 -2.3% $288,000 18.0% 15.5%
SOUTH TOOWOOMBA 28 $339,000 -0.9% $329,000 11.5% 28.4%
TOOWOOMBA CITY 2 N/A N/A $325,000 4.0% 21.3%
WESTBROOK 16 $450,000 4.0% $440,000 4.8% 18.9%
WILSONTON 22 $315,000 0.6% $315,000 11.7% 19.7%
WILSONTON HEIGHTS 11 $290,000 -3.3% $292,500 8.7% 25.3%
WYREEMA 13 $359,750 N/A $350,000 N/A 11.1%
SURROUNDS
GOONDIWINDI (LGA) 15 $210,000 N/A $244,000 13.5% -0.1%
GOONDIWINDI 11 $257,250 N/A $280,000 3.5% 0.5%
SOUTHERN DOWNS (LGA) 56 $240,000 -1.0% $240,000 0.0% 2.1%
SOUTHERN DOWNS (LGA) ^ ~ 26 $370,000 34.5% $330,000 17.9% 4.8%
STANTHORPE ~ 15 $242,000 15.2% $247,000 7.7% 8.2%
WARWICK 29 $255,000 -5.6% $254,500 2.2% 3.7%
WESTERN DOWNS (LGA) ~ 27 $223,000 -20.4% $253,500 -13.2% 3.9%
WESTERN DOWNS (LGA) ^ ~ 21 $229,000 -27.9% $350,000 -19.5% 12.9%
CHINCHILLA 4 N/A N/A $337,500 -6.9% 22.7%
DALBY ~ 12 $235,000 -15.5% $240,000 -8.3% -7.3%
DALBY ^ 9 N/A N/A $417,500 -10.6% -2.0%
TOOWOOMBA (LGA) 29 $155,000 -1.0% $159,950 3.2% 26.4%
TOOWOOMBA (LGA) ^ 14 N/A N/A $179,000 7.5% 14.0%
CAMBOOYA * 3 N/A N/A $115,000 N/A N/A
GLENVALE * 2 N/A N/A $169,950 0.0% 33.8%
GOWRIE JUNCTION ^ 3 N/A N/A $175,000 6.7% 17.4%
KLEINTON * - N/A N/A $182,500 20.9% 40.7%
MERINGANDAN WEST * 3 N/A N/A $136,000 23.6% N/A
MIDDLE RIDGE * 1 N/A N/A $290,250 40.0% 67.8%
WESTBROOK * 3 N/A N/A $159,750 3.7% 49.3%
WYREEMA * 1 N/A N/A $146,000 N/A N/A
SURROUNDS
SOUTHERN DOWNS (LGA) 5 N/A N/A $75,000 -5.1% -15.7%
REIQ MARKET MONITOR Qmm issue25 as at 9 3-15
REIQ MARKET MONITOR Qmm issue25 as at 9 3-15
REIQ MARKET MONITOR Qmm issue25 as at 9 3-15
REIQ MARKET MONITOR Qmm issue25 as at 9 3-15
REIQ MARKET MONITOR Qmm issue25 as at 9 3-15
REIQ MARKET MONITOR Qmm issue25 as at 9 3-15
REIQ MARKET MONITOR Qmm issue25 as at 9 3-15
REIQ MARKET MONITOR Qmm issue25 as at 9 3-15
REIQ MARKET MONITOR Qmm issue25 as at 9 3-15
REIQ MARKET MONITOR Qmm issue25 as at 9 3-15
REIQ MARKET MONITOR Qmm issue25 as at 9 3-15
REIQ MARKET MONITOR Qmm issue25 as at 9 3-15
REIQ MARKET MONITOR Qmm issue25 as at 9 3-15
REIQ MARKET MONITOR Qmm issue25 as at 9 3-15
REIQ MARKET MONITOR Qmm issue25 as at 9 3-15
REIQ MARKET MONITOR Qmm issue25 as at 9 3-15
REIQ MARKET MONITOR Qmm issue25 as at 9 3-15
REIQ MARKET MONITOR Qmm issue25 as at 9 3-15
REIQ MARKET MONITOR Qmm issue25 as at 9 3-15
REIQ MARKET MONITOR Qmm issue25 as at 9 3-15
REIQ MARKET MONITOR Qmm issue25 as at 9 3-15

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REIQ MARKET MONITOR Qmm issue25 as at 9 3-15

  • 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.
  • 7. 7DECEMBER QUARTER 2014 BRISBANE MARKET UPDATES SALES MARKET - HOUSES SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE SALES MARKET - HOUSES (CONT’D) SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE BRISBANE (LGA) 3,378 $600,000 3.4% $580,000 8.4% 17.9% BRISBANE (LGA) ^ 79 $950,000 3.0% $922,500 7.3% 8.5% ACACIA RIDGE 24 $340,000 -4.4% $335,000 9.7% 2.1% ALBION 10 $697,000 N/A $686,250 -0.8% 20.4% ALDERLEY 19 $711,000 -1.3% $671,875 4.2% 14.3% ALGESTER 38 $444,444 -5.4% $450,500 7.5% 14.0% ANNERLEY 34 $647,500 0.4% $665,000 19.6% 24.3% ASCOT ~ 27 $1,240,000 33.7% $1,300,000 16.1% 23.5% ASHGROVE ~ 31 $840,000 11.3% $790,000 2.6% 24.2% ASPLEY 41 $520,000 -6.1% $522,000 8.8% 13.0% AUCHENFLOWER 10 $851,000 -3.1% $911,050 9.6% 12.5% BALD HILLS 24 $412,000 8.4% $385,000 4.9% 0.7% BALMORAL ~ 13 $955,000 -8.4% $890,000 7.2% 26.7% BANYO 26 $445,000 1.4% $435,000 3.6% 8.8% BARDON 27 $808,250 -1.7% $840,000 15.1% 20.0% BELLBOWRIE 14 $415,000 N/A $463,500 7.2% 0.8% BELMONT ~ 15 $578,000 14.0% $575,000 6.8% 2.1% BOONDALL 31 $427,000 0.4% $425,000 3.7% 3.2% BRACKEN RIDGE 58 $435,000 3.6% $416,000 0.5% 1.5% BRIDGEMAN DOWNS 26 $697,500 8.0% $700,000 5.3% 2.5% BRIGHTON 49 $480,000 8.6% $440,000 7.6% 12.8% BROOKFIELD ^ 6 N/A N/A $1,027,500 N/A N/A BULIMBA 25 $1,075,000 7.5% $1,100,000 18.0% 35.9% CALAMVALE 43 $576,000 4.3% $560,000 5.9% 15.8% CAMP HILL 56 $772,500 7.8% $740,000 9.6% 27.6% CANNON HILL ~ 23 $662,500 -10.5% $675,000 14.4% 34.3% CARINA 33 $550,000 -2.4% $552,500 7.8% 17.6% CARINA HEIGHTS 16 $557,000 -2.3% $587,500 10.5% 17.7% CARINDALE 43 $735,000 1.4% $712,500 5.9% 9.6% CARSELDINE 28 $612,500 9.9% $559,000 7.5% 9.6% CHAPEL HILL 45 $692,000 2.9% $675,000 4.7% 8.9% CHELMER ~ 12 $1,342,500 76.1% $981,500 16.2% 13.8% CHERMSIDE ~ 17 $492,000 -14.8% $556,750 16.7% 27.1% CHERMSIDE WEST 22 $517,500 -0.5% $510,000 15.2% 14.0% CLAYFIELD ~ 22 $952,500 23.7% $922,743 12.7% 10.8% COOPERS PLAINS 17 $460,000 1.7% $460,000 -1.1% 16.5% COORPAROO 48 $785,000 7.5% $725,000 10.7% 16.0% CORINDA ~ 15 $645,000 19.1% $553,000 0.0% -9.7% DARRA 14 $372,500 0.8% $360,000 14.3% 4.3% DEAGON 16 $370,000 -4.3% $396,500 7.2% 5.7% DOOLANDELLA 9 N/A N/A $420,000 1.8% 20.0% DREWVALE 16 $488,500 N/A $482,500 4.0% 5.7% DURACK 10 $405,058 9.4% $369,100 11.5% 7.8% EAST BRISBANE 18 $715,000 -2.1% $726,000 12.6% 14.8% EIGHT MILE PLAINS 36 $695,000 6.9% $659,000 8.0% 17.1% ENOGGERA 6 N/A N/A $583,000 5.8% 15.0% EVERTON PARK 34 $508,000 -0.9% $510,000 2.9% 13.3% FAIRFIELD 6 N/A N/A $700,000 25.6% 19.7% FERNY GROVE 16 $520,000 4.2% $525,000 4.0% 9.4% FIG TREE POCKET ~ 15 $798,000 10.4% $866,500 17.5% 18.7% FITZGIBBON 16 $441,250 1.4% $425,000 6.8% 3.0% FOREST LAKE 98 $388,000 -3.0% $400,000 5.3% 5.4% GAYTHORNE 4 N/A N/A $622,750 12.6% 19.2% GEEBUNG 14 $450,000 -4.8% $475,000 11.8% 11.8% GORDON PARK 18 $817,500 7.7% $770,000 22.4% 39.6% GRACEVILLE ~ f 24 $1,090,000 91.2% $719,000 -3.6% 19.3% GRANGE 15 $789,000 6.2% $770,000 14.6% 15.9% GREENSLOPES 21 $620,000 7.5% $615,000 4.6% 14.4% HAMILTON ~ 19 $1,352,500 50.3% $977,500 -14.0% -4.6% HAWTHORNE 27 $1,075,000 2.4% $1,067,500 11.8% 39.5% HEATHWOOD 12 $538,500 5.3% $530,000 -5.5% 6.3% HEMMANT 13 $425,000 N/A $420,750 9.3% 3.9% HENDRA ~ 27 $860,000 13.9% $830,000 8.9% 13.6% HIGHGATE HILL 22 $1,010,000 N/A $900,500 16.6% 20.7% HOLLAND PARK 21 $660,000 9.5% $605,000 11.9% 21.7% HOLLAND PARK WEST 21 $605,500 -1.0% $585,000 2.4% 11.0% INALA 32 $307,500 -0.8% $304,000 8.4% 4.8% INDOOROOPILLY 43 $772,500 -2.2% $757,500 7.4% 20.7% JAMBOREE HEIGHTS 9 N/A N/A $448,750 7.0% 6.5% JINDALEE 25 $499,000 2.9% $495,000 5.8% 7.7% KANGAROO POINT 5 N/A N/A $760,000 3.6% 16.9% KARANA DOWNS 9 N/A N/A $385,000 -1.9% -3.5% KARANA DOWNS ^ 5 N/A N/A $485,000 7.8% 7.8% KEDRON 42 $608,750 -3.2% $623,500 11.3% 28.6% KELVIN GROVE 15 $696,025 8.4% $671,000 3.1% 8.1% KENMORE 37 $565,000 -7.0% $570,000 1.6% 13.9% KEPERRA 33 $465,000 1.5% $461,000 11.1% 8.5% KURABY 13 $573,000 -2.1% $562,500 0.7% 12.8% LOTA ~ 15 $690,000 30.2% $550,000 5.3% 18.0% LUTWYCHE 13 $730,000 1.4% $732,500 -1.7% 24.7% MACGREGOR 26 $673,000 0.4% $625,000 6.8% 27.2% MACKENZIE 9 N/A N/A $699,000 11.0% N/A MANLY ~ 11 $790,000 19.2% $677,500 17.8% 15.8% MANLY WEST ~ 43 $547,000 11.1% $515,000 7.3% 7.7% MANSFIELD 24 $550,000 2.9% $551,625 10.5% 19.9% MCDOWALL 21 $620,000 5.9% $600,000 8.1% 16.1% MIDDLE PARK 13 $520,500 1.5% $525,000 4.5% 6.8% MITCHELTON 33 $580,000 0.4% $560,000 10.9% 17.9% MOGGILL 7 N/A N/A $505,000 1.6% 8.0% MOOROOKA 35 $554,000 0.7% $549,000 6.6% 18.1% MORNINGSIDE 37 $632,500 -5.7% $638,000 6.6% 16.0% MOUNT CROSBY ^ 5 N/A N/A $510,000 -5.6% -2.9% MOUNT GRAVATT 11 $579,000 4.6% $554,000 8.6% 16.4% MOUNT GRAVATT EAST 43 $560,000 -0.1% $560,000 13.1% 24.4% MURARRIE 16 $595,000 7.2% $575,000 23.7% 27.8% NEW FARM 17 $1,250,000 0.0% $1,260,000 5.2% 32.6% NEWMARKET 14 $765,800 3.5% $736,250 10.2% 15.8% NORMAN PARK ~ 34 $772,500 12.0% $765,000 12.5% 18.6% NORTHGATE ~ 15 $650,000 10.2% $598,000 8.7% 15.0% NUDGEE ~ 12 $455,000 -18.2% $565,356 4.9% 21.3% NUNDAH 20 $720,000 3.2% $650,000 5.7% 24.4% OXLEY ~ 30 $526,000 13.7% $481,000 6.1% 13.2% PADDINGTON 36 $898,000 1.8% $903,000 8.8% 29.9% PARKINSON 33 $583,000 -2.8% $575,000 8.5% 18.1% PULLENVALE ^ 7 N/A N/A $925,000 -3.9% 0.5% RED HILL 28 $755,000 -3.2% $750,000 12.5% 10.1% RIVERHILLS 14 $420,000 -2.9% $435,000 1.8% 4.8% ROBERTSON 14 $725,000 N/A $725,000 3.9% 16.0% ROCHEDALE 3 N/A N/A $845,000 N/A N/A ROCKLEA 7 N/A N/A $370,000 19.8% 0.5% RUNCORN ~ 25 $539,000 17.7% $499,300 14.8% 20.3% SALISBURY 20 $510,100 6.5% $491,500 9.2% 15.6% SANDGATE 13 $506,500 -5.3% $564,500 8.6% 13.2% SEVEN HILLS 7 N/A N/A $652,500 5.2% 12.5% SEVENTEEN MILE ROCKS 7 N/A N/A $630,000 14.5% 32.6% SHERWOOD ~ 20 $842,500 23.0% $759,500 7.0% 16.8% SINNAMON PARK ~ 14 $654,500 13.3% $605,000 7.1% 5.2% SPRING HILL 5 N/A N/A $895,000 N/A 27.9% ST LUCIA ~ 14 $961,000 -18.6% $1,031,250 13.3% 16.9% STAFFORD 23 $538,000 -6.5% $530,000 11.6% 18.0% STAFFORD HEIGHTS 22 $525,000 -0.6% $510,000 6.5% 13.3% STRETTON 16 $781,500 10.0% $747,500 18.7% 16.8% SUNNYBANK ~ 31 $691,500 10.2% $615,000 11.8% 21.7% SUNNYBANK HILLS 60 $570,000 -3.6% $579,000 14.7% 28.7% TAIGUM 7 N/A N/A $476,500 11.3% 8.3% TARINGA 11 $800,500 -2.9% $806,000 7.5% 13.8% TARRAGINDI ~ 42 $680,000 10.7% $620,000 7.8% 17.0% TENERIFFE 7 N/A N/A $1,480,000 N/A N/A THE GAP 57 $593,500 -2.3% $570,000 0.4% 10.1% TINGALPA 22 $458,000 -0.4% $463,000 5.2% 7.9% TOOWONG 20 $880,500 3.6% $767,000 12.0% 21.7% UPPER KEDRON 13 $585,000 8.3% $542,500 0.6% 1.4% UPPER MOUNT GRAVATT 44 $530,000 3.5% $544,905 12.4% 21.1% VIRGINIA 10 $529,000 0.3% $508,000 16.8% 18.1% WAKERLEY ~ 31 $790,000 30.9% $690,000 5.3% 25.5% WAVELL HEIGHTS 40 $595,000 0.8% $585,000 10.4% 21.4% WEST END 10 $977,500 -3.4% $952,500 10.8% 31.9% WESTLAKE 21 $606,500 -2.5% $630,000 0.8% 12.5%
  • 8. 8 QUEENSLAND MARKET MONITOR BRISBANE MARKET UPDATES SALES MARKET - UNITS & TOWNHOUSES SALES MARKET - UNITS & TOWNHOUSES (CONT’D) SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE SALES MARKET - HOUSES (CONT’D) SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE WILSTON ~ 13 $925,000 23.7% $859,500 8.3% 15.8% WINDSOR ~ 28 $790,000 14.5% $714,500 4.7% 19.1% WISHART 21 $620,000 8.2% $590,000 11.3% 19.6% WOOLLOONGABBA ~ 12 $746,000 14.9% $660,000 10.0% 18.9% WOOLOOWIN 12 $685,001 2.2% $733,500 -2.2% 17.4% WYNNUM 59 $600,000 4.8% $555,000 9.9% 16.7% WYNNUM WEST 45 $466,500 -0.7% $475,000 9.8% 6.7% YERONGA 23 $780,000 8.3% $707,500 8.8% 3.3% ZILLMERE 30 $410,000 5.6% $405,000 7.9% 8.0% BRISBANE CITY (LGA) 1,685 $418,500 -0.4% $422,000 3.6% 8.2% ACACIA RIDGE * t 20 $348,000 0.0% $348,000 N/A N/A ALBION ~ 9 N/A N/A $440,000 -24.3% 4.8% ALDERLEY 13 $532,500 4.9% $460,250 3.4% 26.1% ANNERLEY * t 29 $420,000 -2.7% $438,000 11.5% 20.0% ASCOT ~ 22 $500,000 16.0% $440,000 14.3% 11.4% ASHGROVE t 11 $405,000 -9.5% $484,000 15.2% 19.5% ASPLEY ~ 11 $375,000 -4.0% $390,000 7.2% 7.3% AUCHENFLOWER ~ 21 $410,000 -12.5% $462,500 -3.1% 7.7% BALMORAL 12 $515,550 N/A $480,500 -3.9% 12.9% BANYO 4 N/A N/A $500,000 N/A 29.9% BOONDALL * t 2 N/A N/A $394,000 2.6% N/A BOWEN HILLS ~ 12 $415,250 -10.7% $426,000 5.6% 2.3% BRISBANE CITY * 111 $491,750 4.2% $495,000 3.1% 13.8% BULIMBA 22 $537,500 -8.5% $557,500 -3.0% 7.2% CALAMVALE 21 $377,000 5.1% $376,900 2.4% 4.7% CARINA 23 $449,500 9.6% $445,000 6.0% 5.6% CARINA HEIGHTS ~ t 13 $402,500 -12.3% $459,000 3.1% 3.8% CARINDALE 3 N/A N/A $455,000 12.5% -14.7% CARSELDINE 16 $382,000 N/A $395,000 1.3% 9.7% CHERMSIDE 26 $410,000 2.6% $405,000 1.9% -2.4% CLAYFIELD 36 $374,000 -2.2% $391,000 4.3% 8.6% COOPERS PLAINS 2 N/A N/A $390,000 -5.8% N/A COORPAROO 47 $388,250 2.8% $385,500 2.3% 5.5% DOOLANDELLA 2 N/A N/A $339,000 -2.5% N/A DURACK 1 N/A N/A $349,000 -0.3% N/A EAST BRISBANE 15 $453,000 1.8% $442,500 6.6% 10.9% EIGHT MILE PLAINS 17 $391,500 1.4% $390,000 5.4% 6.3% ELLEN GROVE 2 N/A N/A $346,000 0.0% 3.1% ENOGGERA 3 N/A N/A $392,000 -5.5% 0.9% EVERTON PARK 11 $395,000 -5.7% $420,000 5.1% 19.5% FAIRFIELD ~ 8 N/A N/A $419,000 19.7% -3.1% FORTITUDE VALLEY 48 $490,000 5.6% $475,000 13.1% 17.3% GAYTHORNE * t 6 N/A N/A $430,000 4.9% 13.2% GORDON PARK 7 N/A N/A $365,000 -0.3% 6.2% GREENSLOPES ~ 24 $329,000 -15.9% $365,000 0.0% -0.4% HAMILTON 36 $540,000 -0.9% $535,000 3.0% 21.6% HAWTHORNE 9 N/A N/A $519,000 9.8% 21.0% HIGHGATE HILL ~ t 12 $560,000 43.6% $500,000 -8.2% 19.0% HOLLAND PARK WEST 4 N/A N/A $373,500 -1.8% N/A INDOOROOPILLY ~ * 17 $430,875 0.0% $465,000 7.5% 6.9% KANGAROO POINT ~ f 36 $561,000 26.1% $508,000 2.2% 11.3% KEDRON ~ * t 14 $477,500 24.3% $419,000 18.0% 26.2% KELVIN GROVE 30 $445,000 -3.1% $462,000 -7.5% 6.2% KURABY 6 N/A N/A $295,000 1.7% -6.9% LUTWYCHE 13 $430,000 2.1% $407,000 -9.4% 13.1% MANLY WEST 6 N/A N/A $370,000 4.2% -5.1% MCDOWALL 1 N/A N/A $405,000 3.8% -1.2% MILTON 8 N/A N/A $488,000 -9.0% -10.4% MOOROOKA ~ t 16 $318,000 -20.0% $365,000 -2.9% 9.9% MORNINGSIDE 36 $461,050 -3.3% $475,000 4.9% 12.8% MOUNT GRAVATT 4 N/A N/A $435,000 0.0% N/A MOUNT GRAVATT EAST 11 $378,000 -1.0% $385,000 -7.8% 6.1% NEW FARM 53 $528,500 -4.9% $560,150 4.2% 19.6% NEWMARKET 2 N/A N/A $455,000 13.6% 9.4% NEWSTEAD ~ 14 $750,000 -14.3% $775,000 7.6% 50.5% NORMAN PARK 7 N/A N/A $490,000 1.9% 2.8% NORTHGATE 10 $368,950 -7.2% $401,400 13.1% 7.0% NUNDAH 56 $375,000 2.7% $397,950 -5.3% -5.3% PADDINGTON 12 $497,000 -7.6% $504,000 -0.2% 12.0% PARKINSON ~ 3 N/A N/A $330,000 -16.0% N/A RED HILL 6 N/A N/A $422,500 1.1% 17.4% RICHLANDS 13 $352,400 N/A $349,900 4.4% 7.7% RUNCORN 20 $325,000 -1.1% $335,000 -0.8% 0.0% SHERWOOD 7 N/A N/A $465,000 7.5% 9.1% SOUTH BRISBANE 41 $470,000 2.2% $492,000 1.4% 22.6% SPRING HILL 33 $435,400 3.5% $390,000 2.3% 0.0% ST LUCIA 28 $489,000 2.3% $475,000 0.0% 5.6% STAFFORD 13 $415,000 N/A $395,000 -1.3% 8.5% SUNNYBANK HILLS 9 N/A N/A $360,000 11.6% -0.8% TAIGUM ~ 16 $313,000 -13.4% $382,500 8.4% 10.9% TARINGA * t 46 $437,000 1.6% $425,000 4.9% 6.3% TENERIFFE ~ 43 $496,500 -20.4% $607,250 5.6% 13.5% THE GAP 4 N/A N/A $447,000 N/A 8.0% TINGALPA ~ 7 N/A N/A $340,000 3.7% -1.2% TOOWONG 49 $428,750 -4.7% $445,500 -10.0% 7.3% UPPER MOUNT GRAVATT ~ 21 $385,500 -25.5% $470,000 29.7% 24.7% WAVELL HEIGHTS ~ 5 N/A N/A $435,500 15.2% -2.1% WEST END 34 $540,000 2.1% $526,498 1.9% -4.3% WILSTON 6 N/A N/A $428,750 N/A 10.8% WINDSOR ~ 26 $460,000 13.6% $407,500 -9.4% 14.8% WISHART 12 $366,450 -6.0% $375,500 4.9% 7.0% WOOLLOONGABBA 7 N/A N/A $399,000 -0.3% -6.6% WOOLOOWIN 7 N/A N/A $362,500 1.7% 5.6% WYNNUM 12 $365,000 N/A $370,000 -0.3% 2.8% WYNNUM WEST 8 N/A N/A $340,000 -9.3% 7.9% YEERONGPILLY 7 N/A N/A $420,250 11.6% -2.8% YERONGA ~ 14 $395,000 -26.5% $435,500 3.7% 11.1% ZILLMERE 13 $335,000 0.0% $335,000 -6.9% -4.3% Direct Connect makes moving easy for your customers by arranging their utility connections and 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  • 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
  • 12. 12 QUEENSLAND MARKET MONITOR BRISBANE MARKET UPDATES SALES MARKET - HOUSES (CONT’D) SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE SALES MARKET - HOUSES SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE BRISBANE (SD) 6,437 $482,000 3.5% $472,000 5.5% 11.1% BRISBANE (SD) ^ 436 $550,000 0.0% $561,000 2.0% 3.9% IPSWICH (LGA) ~ 524 $320,000 6.7% $309,250 3.1% -3.1% IPSWICH (LGA) ^ ~ 41 $487,500 12.1% $465,000 4.0% 2.1% AUGUSTINE HEIGHTS 13 $542,500 13.0% $512,500 2.8% -5.1% BELLBIRD PARK 19 $322,389 12.1% $320,000 -2.7% -1.5% BOOVAL 8 N/A N/A $258,888 -0.4% -9.8% BRASSALL 34 $310,000 -4.3% $315,000 1.6% -3.7% BROOKWATER 14 $366,500 N/A $350,000 11.1% N/A BUNDAMBA 15 $287,500 14.8% $280,000 1.8% 0.0% CAMIRA 22 $345,500 3.1% $331,935 -0.5% -2.4% COLLINGWOOD PARK 23 $292,000 -3.5% $305,000 3.7% -6.2% EAST IPSWICH 11 $269,500 N/A $260,000 8.3% -5.8% EASTERN HEIGHTS 18 $300,000 9.1% $288,000 20.0% 2.9% FLINDERS VIEW ~ 19 $354,000 -10.2% $355,000 7.6% -9.7% GOODNA 23 $285,000 0.0% $280,000 1.4% -5.4% IPSWICH 6 N/A N/A $285,000 3.6% -13.6% KARALEE ^ 16 $505,000 8.6% $510,000 1.5% -4.0% LEICHHARDT 10 $217,000 5.3% $215,000 3.6% -13.8% NEWTOWN 10 $322,500 N/A $310,500 -0.7% -3.8% NORTH BOOVAL 5 N/A N/A $240,000 2.5% -16.4% NORTH IPSWICH ~ 13 $263,500 -10.7% $256,500 11.5% -10.0% ONE MILE 6 N/A N/A $235,000 6.8% -4.1% RACEVIEW 27 $312,000 1.8% $306,500 5.7% -2.4% REDBANK PLAINS 65 $310,271 12.0% $302,000 5.9% -4.1% RIVERVIEW 2 N/A N/A $237,000 N/A -7.9% ROSEWOOD 5 N/A N/A $259,000 1.2% 1.6% SILKSTONE 12 $270,000 8.0% $266,000 4.3% -3.4% SPRINGFIELD 26 $367,000 -5.4% $379,000 1.2% 3.7% SPRINGFIELD LAKES 51 $407,500 -0.6% $405,000 6.6% 1.8% TIVOLI 6 N/A N/A $235,000 N/A -14.1% YAMANTO 19 $430,000 8.9% $365,000 9.0% 4.3% LOGAN (LGA) 771 $354,000 3.8% $346,000 3.3% -0.3% LOGAN (LGA) ^ 144 $500,000 -2.0% $509,000 2.8% 1.8% BEENLEIGH 30 $310,000 10.1% $295,000 5.4% -9.9% BETHANIA 8 N/A N/A $286,250 0.4% -10.0% BORONIA HEIGHTS 21 $315,000 -1.6% $320,000 6.7% 0.8% BROWNS PLAINS 12 $320,000 -0.9% $305,000 -1.6% -6.2% CEDAR GROVE ^ 10 $409,000 N/A $420,000 5.0% -1.0% CEDAR VALE ^ 9 N/A N/A $430,000 -1.1% 1.4% CORNUBIA 14 $530,000 3.5% $496,500 9.1% 6.8% CORNUBIA ^ 6 N/A N/A $695,000 N/A N/A CRESTMEAD 44 $280,000 -5.9% $288,000 4.3% -8.3% DAISY HILL 29 $430,000 -0.1% $440,000 10.8% 12.8% EAGLEBY 22 $243,000 -0.8% $255,000 3.2% -11.1% EDENS LANDING ~ 23 $370,000 15.6% $345,000 1.9% -4.2% FORESTDALE ^ 4 N/A N/A $649,000 -0.9% 10.5% GREENBANK ^ 16 $520,063 -3.5% $528,000 2.5% 1.8% HERITAGE PARK ~ 17 $375,000 -7.9% $405,000 7.3% 1.5% HILLCREST 22 $331,250 0.5% $322,250 2.3% -2.8% JIMBOOMBA 9 N/A N/A $357,750 -2.8% -5.5% JIMBOOMBA ^ 18 $470,000 7.5% $458,500 1.9% 0.3% KINGSTON 32 $271,500 1.7% $270,000 9.8% -5.3% LOGAN CENTRAL 17 $270,000 0.6% $267,250 9.1% -2.8% LOGAN RESERVE 5 N/A N/A $333,500 N/A N/A LOGAN VILLAGE ^ 7 N/A N/A $484,750 -6.8% -4.0% LOGANHOLME 30 $340,000 -5.2% $350,000 -3.8% -1.2% LOGANLEA 20 $332,500 2.3% $315,000 11.7% 1.6% MARSDEN 45 $333,000 8.3% $315,500 2.4% -0.5% MEADOWBROOK ~ 11 $437,000 17.3% $375,000 6.5% -3.8% MOUNT WARREN PARK ~ 13 $322,000 -10.1% $340,000 3.0% -4.2% MUNRUBEN ^ 6 N/A N/A $505,000 2.5% -0.8% NEW BEITH ^ 6 N/A N/A $550,000 5.3% 3.3% REGENTS PARK 33 $350,000 -4.1% $355,000 0.7% -1.4% ROCHEDALE SOUTH 79 $455,000 5.8% $442,000 6.1% 10.5% SHAILER PARK 54 $480,000 0.5% $485,000 6.6% 6.0% SLACKS CREEK 32 $312,500 -1.1% $305,000 8.9% 2.7% SPRINGWOOD 29 $425,000 -2.3% $435,000 6.1% 6.1% TANAH MERAH 11 $390,000 0.5% $389,000 5.8% -2.8% UNDERWOOD 22 $485,000 0.6% $485,000 5.1% 19.2% WATERFORD 10 $380,619 8.0% $360,000 4.3% -9.4% WATERFORD WEST ~ 15 $300,000 -11.9% $320,000 12.3% -1.2% WINDAROO 11 $440,000 2.3% $422,500 11.2% 7.8% WOODRIDGE 32 $262,000 -2.4% $262,000 11.0% -3.0% YARRABILBA 12 $354,000 N/A $389,700 6.5% N/A MORETON BAY (LGA) 1,245 $395,000 3.3% $391,125 3.5% 2.9% MORETON BAY (LGA) ^ 150 $580,000 4.0% $575,000 4.5% 4.1% ALBANY CREEK 58 $510,000 1.0% $500,000 1.0% 4.2% ARANA HILLS 22 $505,000 10.3% $476,000 7.7% 8.9% BANKSIA BEACH 20 $497,500 -1.0% $480,000 5.7% 2.1% BEACHMERE 16 $335,000 1.5% $320,000 11.3% -7.2% BELLARA 11 $335,000 2.1% $333,000 5.7% -0.6% BELLMERE 20 $341,000 1.8% $330,000 3.8% -8.6% BONGAREE 29 $380,000 8.6% $383,000 0.8% 0.8% BRAY PARK 41 $379,000 2.4% $370,000 7.2% 0.7% BUNYA ^ 2 N/A N/A $746,500 N/A N/A BURPENGARY 22 $370,000 2.8% $355,500 7.4% -1.0% BURPENGARY ^ 12 $545,000 0.0% $532,000 2.3% 0.9% BURPENGARY EAST 2 N/A N/A $399,000 -1.0% N/A BURPENGARY EAST ^ 10 $495,500 N/A $520,000 2.0% 4.0% CABOOLTURE 73 $285,000 2.3% $287,750 3.1% -5.7% CABOOLTURE ^ 8 N/A N/A $462,500 4.6% 2.0% CABOOLTURE SOUTH ~ 23 $250,500 -16.5% $270,000 4.2% -8.0% CASHMERE 12 $666,250 2.5% $650,000 12.8% 22.6% CLONTARF 37 $385,000 -1.0% $378,000 8.0% 3.1% DAKABIN 6 N/A N/A $426,500 1.5% 0.4% DAYBORO ^ 11 $650,000 N/A $644,500 N/A N/A DECEPTION BAY 72 $315,000 3.3% $305,000 7.0% -5.3% EATONS HILL 25 $543,000 -0.9% $553,500 6.4% 8.0% ELIMBAH ^ 7 N/A N/A $477,000 -5.1% -4.6% EVERTON HILLS 19 $495,000 5.7% $495,000 7.1% 13.8% FERNY HILLS 32 $457,500 -0.5% $470,000 4.6% 9.0% GRIFFIN 12 $435,000 N/A $435,000 4.8% 8.4% JOYNER 8 N/A N/A $525,000 7.8% 16.7% KALLANGUR 73 $330,000 -6.3% $342,000 5.2% -2.3% KIPPA-RING 30 $360,000 -2.7% $365,000 2.8% 0.0% LAWNTON 17 $342,000 -2.8% $343,500 5.7% 0.2% MANGO HILL 18 $500,000 9.3% $444,000 4.6% -2.4% MARGATE 29 $435,000 13.0% $381,875 8.5% 6.3% MORAYFIELD 54 $317,750 0.7% $316,000 7.1% -5.7% MORAYFIELD ^ 19 $555,000 6.5% $525,000 4.7% -4.1% MURRUMBA DOWNS 29 $446,000 1.5% $451,750 6.3% 6.3% NARANGBA 52 $462,500 14.6% $425,000 0.0% 0.0% NARANGBA ^ 9 N/A N/A $625,000 N/A N/A NEWPORT 19 $745,000 -6.0% $807,500 13.3% 7.7% NINGI ~ 14 $275,000 -13.0% $350,000 2.9% 9.5% NINGI ^ 9 N/A N/A $479,500 0.9% -0.1% NORTH LAKES 95 $440,000 0.5% $449,250 2.4% 2.1% PETRIE 29 $415,000 12.3% $376,000 3.9% -0.1% REDCLIFFE 40 $375,000 -2.1% $380,000 5.6% 5.6% ROTHWELL 17 $397,000 1.5% $391,000 10.1% 2.9% SAMFORD VALLEY ^ 8 N/A N/A $861,250 5.0% 7.7% SANDSTONE POINT 12 $400,000 N/A $377,000 0.9% -4.6% SCARBOROUGH ~ 33 $410,000 -16.3% $455,000 3.4% 3.4% STRATHPINE 26 $360,000 9.1% $362,500 8.2% 4.8% UPPER CABOOLTURE 8 N/A N/A $320,000 0.0% -5.9% UPPER CABOOLTURE ^ 6 N/A N/A $520,000 3.5% -3.3% WAMURAN ^ 4 N/A N/A $520,000 13.0% 3.5% WARNER 34 $480,000 0.7% $470,000 2.2% 4.9% WOODY POINT 21 $406,000 -3.3% $395,500 2.7% 6.9% WOORIM 3 N/A N/A $410,000 0.0% -3.0%
  • 13. 13DECEMBER QUARTER 2014 BRISBANE MARKET UPDATES SALES MARKET - HOUSES (CONT’D) SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE SALES MARKET - HOUSES (CONT’D) SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE SALES MARKET - UNITS & TOWNHOUSES 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. 560 509 GOLD COAST UNIT SALES (p) SEP 14 DEC 14 19 16 BUNDABERG UNIT SALES (p) SEP 14 DEC 14 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. 55 18 <$250 (p) Preliminary. See Source: REIQ, data 13 <$250 RO (p) Preliminary. See Source: REIQ, data 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. 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. 443 373 459 426 SUNSHINE COAST & NOOSA HOUSE SALES (p) SEP 14 DEC 14 182 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. 2 194 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 51 47 GLADSTONE HOUSE SALES (p) SEP 14 DEC 14 2 (p) Preliminary. S Source: REIQ, da (p) Preliminary. Source: REIQ, da RO (p) Preliminary. Source: REIQ, da 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. REDLAND (LGA) 519 $479,000 2.4% $470,000 4.1% 4.4% REDLAND (LGA) ^ 22 $833,250 3.9% $802,000 5.5% 2.8% ALEXANDRA HILLS 55 $404,000 -0.5% $410,000 3.7% 2.4% BIRKDALE 52 $465,000 -5.5% $490,000 6.5% 8.9% CAPALABA 55 $440,000 4.5% $439,000 7.1% 8.9% CAPALABA ^ 5 N/A N/A $840,000 2.4% 9.8% CLEVELAND 53 $530,000 5.1% $515,000 -0.3% 3.0% MACLEAY ISLAND ~ f 12 $104,500 -49.0% $194,000 -11.8% -19.2% MOUNT COTTON 20 $480,000 11.9% $479,000 4.1% 5.0% ORMISTON ~ 22 $679,000 21.8% $560,000 -5.5% -1.8% REDLAND BAY 63 $485,000 -2.8% $500,000 5.2% 3.7% RUSSELL ISLAND 13 $175,000 2.9% $175,000 -7.4% -20.5% THORNESIDE 13 $490,000 10.4% $445,500 18.8% 4.0% THORNLANDS 44 $529,000 5.7% $520,000 2.2% -1.9% THORNLANDS ^ 7 N/A N/A $788,500 N/A N/A VICTORIA POINT 62 $497,000 5.2% $475,000 3.6% 3.3% WELLINGTON POINT ~ 49 $601,820 16.3% $546,500 5.1% 9.0% SURROUNDS LOCKYER VALLEY (LGA) 39 $243,000 -2.3% $245,100 2.1% -5.7% LOCKYER VALLEY (LGA) ^ ~ 58 $355,000 7.6% $346,000 7.3% 2.4% GATTON 14 $264,000 3.2% $260,000 3.3% -6.8% KENSINGTON GROVE ^ 7 N/A N/A $345,000 11.3% -6.8% LAIDLEY 16 $209,750 N/A $212,500 -1.2% -13.6% LAIDLEY HEIGHTS ^ 6 N/A N/A $302,000 N/A -2.6% PLAINLAND ^ 5 N/A N/A $350,000 8.5% 11.1% REGENCY DOWNS ^ 4 N/A N/A $315,000 9.5% 0.0% WITHCOTT ^ 7 N/A N/A $365,053 2.6% N/A SCENIC RIM (LGA) ~ 51 $366,250 8.9% $360,000 6.5% 2.2% SCENIC RIM (LGA) ^ 44 $505,000 -1.9% $485,000 10.2% 3.2% BEAUDESERT 14 $313,000 -3.5% $325,000 6.2% 6.9% BOONAH 7 N/A N/A $255,000 -8.9% -9.2% KOORALBYN ^ 7 N/A N/A $340,000 8.5% 2.4% TAMBORINE ^ 5 N/A N/A $540,000 9.1% 12.5% TAMBORINE MOUNTAIN 24 $440,000 -2.2% $440,000 10.0% -0.6% TAMBORINE MOUNTAIN ^ 3 N/A N/A $610,000 -6.0% -13.3% BRISBANE (SD) 2,322 $385,000 0.0% $390,000 2.6% 6.8% IPSWICH (LGA) * t 58 $240,000 -0.8% $295,950 17.4% 13.8% BRASSALL 3 N/A N/A $270,000 8.0% -2.5% BUNDAMBA * t 2 N/A N/A $297,900 N/A N/A GOODNA * t 10 $205,750 -33.6% $310,000 42.5% 31.8% REDBANK PLAINS ~ 4 N/A N/A $225,000 N/A -21.1% LOGAN (LGA) 223 $240,000 -0.4% $245,000 -5.0% -8.9% BEENLEIGH * 14 $184,500 -2.9% $180,000 5.9% -23.6% DAISY HILL 6 N/A N/A $286,000 N/A -4.3% EAGLEBY ~ 16 $220,000 4.8% $225,250 -24.9% -28.0% HILLCREST 5 N/A N/A $216,250 N/A N/A KINGSTON * ~ 19 $265,000 -14.5% $285,000 N/A -5.0% LOGAN CENTRAL 7 N/A N/A $176,000 6.7% -8.6% MARSDEN 10 $336,000 0.6% $332,000 0.3% -6.5% MEADOWBROOK 5 N/A N/A $255,000 N/A -15.7% MOUNT WARREN PARK 7 N/A N/A $208,000 N/A -12.4% ROCHEDALE SOUTH 10 $287,500 N/A $275,000 4.5% -1.8% SHAILER PARK ~ 8 $287,500 11.0% $260,000 -5.8% -10.3% SLACKS CREEK 11 $208,000 1.5% $207,000 11.9% -13.8% SPRINGWOOD 13 $290,000 N/A $261,000 4.4% -7.4% UNDERWOOD 2 N/A N/A $380,000 -1.0% 9.0% WATERFORD WEST ~ 11 $187,500 N/A $188,750 2.0% -17.1% WOODRIDGE 24 $185,000 1.1% $183,000 2.8% -12.0% MORETON BAY (LGA) 273 $307,500 -3.7% $330,000 4.8% 0.0% ARANA HILLS 3 N/A N/A $356,500 -6.2% -0.8% BELLARA ~ 17 $124,363 N/A $220,000 -18.2% -25.4% BONGAREE 14 $287,500 6.5% $298,750 4.8% -4.2% BRENDALE * t 17 $260,000 -5.3% $321,750 26.2% 13.8% BURPENGARY 3 N/A N/A $270,000 N/A -6.9% CABOOLTURE ~ * 11 $255,000 0.0% $255,000 9.2% -12.1% CLONTARF 11 $420,000 -3.7% $430,000 8.9% 22.9% DECEPTION BAY ~ 13 $230,000 -26.3% $230,000 -25.1% -12.8% GRIFFIN 3 N/A N/A $354,500 0.6% N/A KALLANGUR * t 18 $307,250 -7.2% $331,000 11.1% -1.2% KIPPA-RING ~ 6 N/A N/A $270,000 6.9% -20.1% LAWNTON 5 N/A N/A $225,000 8.2% -15.1% MANGO HILL 1 N/A N/A $361,100 6.2% 3.5% MARGATE * 9 N/A N/A $372,500 19.2% -3.2% MORAYFIELD ~ 5 N/A N/A $225,000 -21.7% -2.6% MURRUMBA DOWNS 7 N/A N/A $345,000 -1.4% -0.7% NORTH LAKES * t 7 N/A N/A $359,500 0.1% N/A PETRIE * t 9 N/A N/A $336,000 N/A N/A REDCLIFFE 26 $345,000 9.2% $335,000 -2.2% -11.3% ROTHWELL 4 N/A N/A $304,500 N/A -6.5% SCARBOROUGH ~ 21 $375,000 -8.5% $389,000 3.7% -8.5% STRATHPINE 3 N/A N/A $254,750 1.9% -9.5% WOODY POINT 11 $305,000 2.5% $320,000 -5.9% -16.9% REDLAND (LGA) ~ 83 $338,000 -5.3% $359,000 4.1% 2.6% CAPALABA * t 23 $283,500 3.1% $315,000 8.6% 2.8% CLEVELAND 24 $385,000 -3.8% $413,750 13.4% 0.9% ORMISTON 7 N/A N/A $362,000 2.4% 8.1% THORNESIDE 5 N/A N/A $305,000 2.2% -1.6% VICTORIA POINT 6 N/A N/A $361,500 15.7% 13.1% SOMERSET (LGA) 45 $247,500 -4.6% $250,000 -3.8% -2.7% SOMERSET (LGA) ^ 41 $380,000 -0.7% $380,000 11.8% 7.0% ESK 6 N/A N/A $244,000 N/A N/A FERNVALE 7 N/A N/A $341,000 N/A -1.4% FERNVALE ^ 7 N/A N/A $402,500 1.4% N/A KILCOY 7 N/A N/A $238,000 N/A -14.7% LOWOOD 15 $251,250 N/A $242,500 -24.2% -0.5% MINDEN ^ 6 N/A N/A $357,500 N/A N/A
  • 14. 14 QUEENSLAND MARKET MONITOR BRISBANE MARKET UPDATES SALES MARKET - VACANT LAND SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE SALES MARKET - VACANT LAND (CONT’D) SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE RENTAL MARKET - 3 BED HOUSES POST DEC-14 DEC-13 CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS IPSWICH CITY $300 705 $300 820 4300 AUGUSTINE HEIGHTS $340 178 $340 221 4301 COLLINGWOOD PARK $310 85 $310 116 4303 DINMORE $260 15 $285 16 4304 BLACKSTONE $290 78 $280 97 4305 BASIN POCKET $285 271 $280 290 4306 AMBERLEY $320 47 $300 53 4340 ASHWELL $290 24 $295 25 4346 MARBURG $275 7 N.A. 2 LOGAN CITY $340 831 $340 894 4114 KINGSTON $315 138 $310 152 4118 BROWNS PLAINS $345 93 $340 101 4119 UNDERWOOD $360 8 $360 8 4123 PRIESTS GULLY $390 51 $380 60 4124 BORONIA HEIGHTS $340 39 $340 41 4125 MUNRUBEN $400 8 $360 8 4127 CHATSWOOD HILLS $365 69 $350 82 4128 KIMBERLEY PARK $370 25 $385 41 4129 LOGANDALE $365 23 $350 26 4130 CARBROOK $380 6 $375 16 4131 LOGANLEA $340 27 $340 29 4132 CRESTMEAD $330 72 $330 84 4133 CHAMBERS FLAT $340 47 $350 39 4205 BETHANIA $320 15 $330 17 4207 ALBERTON $330 191 $330 171 4280 JIMBOOMBA $380 18 $360 18 MORETON BAY REGIONAL $340 1056 $330 1056 4019 CLONTARF $350 81 $350 105 4020 NEWPORT $360 83 $345 92 4021 KIPPA-RING $350 32 $340 28 4022 ROTHWELL $350 10 $350 6 4035 ALBANY CREEK $410 15 $390 22 4037 EATONS HILL $450 9 $430 5 4055 BUNYA $400 38 $420 31 4500 BRAY PARK $360 72 $350 79 4501 LAWNTON $340 16 $340 25 4502 FRENCHS FOREST $350 23 $330 15 4503 DAKABIN $350 93 $330 80 4504 NARANGBA $340 27 $330 19 4505 BURPENGARY $340 20 $312 36 4506 MOORINA $300 70 $285 45 4507 BANKSIA BEACH $330 51 $320 49 4508 DECEPTION BAY $300 107 $300 90 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 91 GOLD COAST LAND SALES (p) SEP 14 DEC 14 49 29 BUNDABERG LAND SALES (p) SEP 14 DEC 14 62 3 0 44 2 1 <$250,000 $250,000+ $350,000+ FRASER COAST LAND SALES (p) SEP 14 DEC 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. 28 <$ (p) Preliminary. Se Source: REIQ, data 7 <$ 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 BRISBANE (SD) 526 $215,900 0.4% $219,000 5.8% 1.9% BRISBANE (SD) ^ 64 $300,000 9.9% $269,000 3.5% 3.5% IPSWICH (LGA) 62 $175,450 4.3% $178,000 4.8% 2.9% IPSWICH (LGA) ^ 12 N/A N/A $240,000 2.0% 1.4% AUGUSTINE HEIGHTS 4 N/A N/A $220,400 5.0% -1.6% BELLBIRD PARK 3 N/A N/A $197,000 1.0% -6.2% BRASSALL * 11 $185,000 N/A $185,500 9.1% 5.8% DEEBING HEIGHTS 7 N/A N/A $165,600 10.4% N/A GOODNA 2 N/A N/A $170,000 -5.6% 0.0% KARALEE ^ 6 N/A N/A $262,500 5.0% 3.1% LEICHHARDT * 4 N/A N/A $170,000 N/A N/A RACEVIEW 1 N/A N/A $172,000 4.2% 14.7% REDBANK PLAINS * 14 $159,900 -3.1% $151,500 6.7% -10.9% RIPLEY * 6 N/A N/A $167,000 N/A N/A SPRINGFIELD LAKES 3 N/A N/A $192,500 7.5% 14.6% LOGAN (LGA) * 101 $197,500 5.1% $182,250 1.3% -11.1% LOGAN (LGA) ^ 17 $285,000 1.8% $261,000 6.5% 11.2% BUCCAN ^ * 2 N/A N/A $290,000 N/A N/A CORNUBIA * 7 N/A N/A $350,000 2.9% N/A HOLMVIEW 2 N/A N/A $180,000 0.1% -14.2% JIMBOOMBA * 3 N/A N/A $178,000 1.4% -3.3% JIMBOOMBA ^ * 2 N/A N/A $231,500 10.8% 17.1% LOGAN RESERVE * 7 N/A N/A $149,275 -5.1% N/A LOGAN VILLAGE 2 N/A N/A $246,000 -5.4% N/A LOGANLEA * 18 $190,000 N/A $187,000 N/A -3.6% MARSDEN 11 $190,000 N/A $185,000 3.1% -2.6% NEW BEITH ^ 3 N/A N/A $280,000 7.7% 12.9% REGENTS PARK 6 N/A N/A $238,000 9.2% N/A UNDERWOOD 1 N/A N/A $375,000 2.7% 12.8% WATERFORD * 3 N/A N/A $171,750 -4.1% -1.6% YARRABILBA * 19 $164,500 N/A $159,000 7.4% N/A MORETON BAY (LGA) 173 $223,500 6.0% $219,000 5.3% 7.4% MORETON BAY (LGA) ^ ~ 23 $300,000 10.3% $270,000 -3.4% -6.9% BANKSIA BEACH * f 1 N/A N/A $400,500 -10.5% -12.9% BRAY PARK - N/A N/A $204,500 0.0% -7.0% BURPENGARY * 9 N/A N/A $214,900 2.4% N/A CABOOLTURE ^ 1 N/A N/A $255,000 -1.9% N/A CABOOLTURE ~ 22 $174,750 -6.6% $175,000 -2.8% -7.4% DAKABIN * 10 $215,500 7.5% $206,500 5.9% -3.9% GRIFFIN 17 $225,000 4.9% $218,000 5.3% 5.7% MANGO HILL * 27 $238,000 9.2% $230,000 2.2% 0.0% MORAYFIELD 6 N/A N/A $175,000 1.7% -7.9% NARANGBA 3 N/A N/A $207,000 3.5% -9.4% NINGI * 2 N/A N/A $191,400 N/A -15.1% NORTH LAKES * 20 $248,950 N/A $240,280 10.4% 20.7% WARNER * 29 $230,900 4.0% $231,700 3.0% 0.7% REDLAND (LGA) ~ f B 90 $35,000 -31.4% $242,500 86.5% -0.6% BIRKDALE * 9 N/A N/A $309,000 N/A 4.1% CLEVELAND 2 N/A N/A $312,500 -2.3% 0.8% MACLEAY ISLAND ~ f 25 $30,000 -10.4% $32,000 28.0% -41.8% MOUNT COTTON - N/A N/A $262,000 4.8% 6.9% REDLAND BAY 3 N/A N/A $270,000 2.3% 3.8% RUSSELL ISLAND ~ f 35 $19,000 -5.0% $19,000 -5.0% -52.5% THORNLANDS 6 N/A N/A $285,000 2.2% 14.2% SURROUNDS LOCKYER VALLEY (LGA) 18 $100,000 0.0% $100,000 1.0% -15.3% LOCKYER VALLEY (LGA) ^ 14 N/A N/A $129,750 11.4% -2.8% LAIDLEY NORTH * 16 $100,000 0.0% $100,000 0.0% N/A WITHCOTT ^ 2 N/A N/A $148,000 1.4% 7.6% SCENIC RIM (LGA) 7 N/A N/A $179,250 -0.1% -5.2% SCENIC RIM (LGA) ^ 3 N/A N/A $230,000 17.9% 36.9% GLENEAGLE 2 N/A N/A $179,000 -0.3% 4.1% SOMERSET (LGA) 8 N/A N/A $139,500 3.3% 8.1% FERNVALE 5 N/A N/A $145,000 7.4% 9.8%
  • 15. 15DECEMBER QUARTER 2014 BRISBANE MARKET UPDATES RENTAL MARKET - 3 BED HOUSES (CONT’D) POST DEC-14 DEC-13 CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS RENTAL MARKET - 2 BED UNITS RENTAL MARKET - 2 BED UNITS (CONT’D) POST DEC-14 DEC-13 CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS 4509 MANGO HILL $380 90 $380 67 4510 BALINGOOL $290 164 $285 171 4511 GODWIN BEACH $325 13 $310 37 4514 BELLTHORPE $300 19 $325 21 4520 ARMSTRONG CREEK $450 12 $380 11 4521 CAMPBELLS POCKET $310 5 $375 11 REDLAND CITY $390 316 $380 332 4157 CAPALABA $395 39 $380 32 4158 THORNESIDE $360 6 $370 9 4159 AQUATIC PARADISE $415 28 $400 23 4160 EROBIN $415 29 $410 29 4161 ALEXANDRA HILLS $395 40 $395 41 4163 CLEVELAND $415 31 $390 31 4164 PINKLANDS $440 19 $420 23 4165 MOUNT COTTON $395 56 $390 64 4184 COOCHIEMUDLO ISLAND $250 65 $230 76 LOCKYER VALLEY REGIONAL $290 87 $270 110 4341 BLENHEIM $280 46 $260 44 4342 CROWLEY VALE $295 7 $270 18 4343 ADARE $290 30 $285 36 SCENIC RIM REGIONAL $300 110 $295 127 4270 TAMBORINE $450 6 N.A. 1 4271 EAGLE HEIGHTS $365 8 $390 11 4272 MOUNT TAMBORINE $370 20 $375 16 4285 ALLENVIEW $300 42 $290 42 4307 COLEYVILLE $280 6 $260 10 4309 ARATULA $250 6 $260 9 4310 ALLANDALE $270 17 $265 25 SOMERSET REGIONAL $265 63 $270 57 4311 ATKINSONS DAM $275 30 $280 23 4312 BRYDEN $225 12 $235 7 4515 GLENFERN $285 17 $320 17 IPSWICH CITY $255 140 $250 129 4300 AUGUSTINE HEIGHTS $260 28 $260 31 4301 COLLINGWOOD PARK $265 17 $250 23 4304 BLACKSTONE $260 35 $245 21 4305 BASIN POCKET $250 54 $250 53 4306 AMBERLEY $230 6 N.A. 1 LOGAN CITY $260 188 $260 191 4114 KINGSTON $250 75 $265 73 4127 CHATSWOOD HILLS $300 15 $295 16 4128 KIMBERLEY PARK $280 7 $285 6 4131 LOGANLEA $265 6 N.A. 4 4133 CHAMBERS FLAT $260 8 $239 12 4207 ALBERTON $260 58 $250 67 4280 JIMBOOMBA $270 5 $245 5 MORETON BAY REGIONAL $280 479 $275 442 4019 CLONTARF $265 80 $275 77 4020 NEWPORT $300 100 $295 78 4021 KIPPA-RING $270 7 $265 8 4500 BRAY PARK $290 28 $290 34 4501 LAWNTON $275 14 $270 19 4503 DAKABIN $280 42 $280 37 4505 BURPENGARY $270 9 N.A. 2 4506 MOORINA $260 17 $265 12 4507 BANKSIA BEACH $260 49 $270 50 4508 DECEPTION BAY $295 15 $270 15 4509 MANGO HILL $300 20 $310 21 4510 BALINGOOL $260 88 $250 79 REDLAND CITY $340 58 $330 88 4157 CAPALABA $330 9 $330 17 4161 ALEXANDRA HILLS $360 5 $160 5 4163 CLEVELAND $375 27 $400 36 4165 MOUNT COTTON $290 5 $143 6 LOCKYER VALLEY REGIONAL N/A 13 $220 24 4343 ADARE $240 11 $220 20 IPSWICH CITY $310 144 $310 121 4300 AUGUSTINE HEIGHTS $330 37 $320 54 4301 COLLINGWOOD PARK $310 32 $300 19 4304 BLACKSTONE $305 46 $305 15 4305 BASIN POCKET $300 28 $305 31 LOGAN CITY $335 381 $330 425 4114 KINGSTON $325 32 $320 56 4118 BROWNS PLAINS $350 60 $350 58 4119 UNDERWOOD $400 14 $335 32 4123 PRIESTS GULLY $325 11 $335 10 4124 BORONIA HEIGHTS $345 6 N.A. 3 4127 CHATSWOOD HILLS $315 27 $330 36 4128 KIMBERLEY PARK $330 8 $345 13 4130 CARBROOK $370 5 N.A. 3 4131 LOGANLEA $341 22 $350 22 4132 CRESTMEAD $340 68 $340 53 4133 CHAMBERS FLAT $310 19 $310 19 4205 BETHANIA $272 16 N.A. 1 4207 ALBERTON $320 92 $320 117 MORETON BAY REGIONAL $340 594 $335 530 4019 CLONTARF $350 12 $350 11 4020 NEWPORT $370 13 $380 11 4021 KIPPA-RING $335 46 $335 42 4035 ALBANY CREEK $380 22 $380 17 4500 BRAY PARK $350 73 $335 54 4501 LAWNTON $310 7 $340 11 4502 FRENCHS FOREST $345 29 $320 16 4503 DAKABIN $340 160 $340 132 4504 NARANGBA $345 9 $340 11 4505 BURPENGARY $300 19 $310 32 4506 MOORINA $310 13 $300 29 4507 BANKSIA BEACH $320 6 $315 11 4508 DECEPTION BAY $310 50 $310 40 4509 MANGO HILL $355 109 $350 77 4510 BALINGOOL $285 16 $295 27 REDLAND CITY $390 99 $385 83 4157 CAPALABA $344 11 $350 6 4158 THORNESIDE $375 9 $380 10 4159 AQUATIC PARADISE $420 7 N.A. 3 4160 EROBIN $380 13 $395 13 4163 CLEVELAND $400 36 $385 34 4165 MOUNT COTTON $395 18 $390 14 LOCKYER VALLEY REGIONAL N/A 6 N/A 4 4343 ADARE $275 5 N.A. 4 SCENIC RIM REGIONAL N/A 5 N/A 9 4285 ALLENVIEW $300 5 $280 9 RENTAL MARKET - 3 BED TOWNHOUSES SCENIC RIM REGIONAL $220 30 $220 37 4272 MOUNT TAMBORINE $290 5 N.A. 2 4285 ALLENVIEW $210 21 $210 32
  • 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.
  • 17. 17 REGIONAL MARKET UPDATES DECEMBER QUARTER 2014 SALES MARKET - UNITS & TOWNHOUSES SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE SALES MARKET - HOUSES SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE 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+ $1m+ SUNSHINE COAST & NOOSA UNIT SALES (p) SEP 14 DEC 14 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. < (p) Prelimina Source: REIQ <$ (p) Preliminar Source: REIQ, < (p) Preliminar Source: REIQ, < (p) Prelimina Source: REIQ GOLD COAST (LGA) ~ 1,409 $520,000 5.1% $510,000 6.5% 6.1% GOLD COAST (LGA) ^ 127 $702,500 3.3% $680,000 4.8% 1.5% ARUNDEL ~ 34 $555,000 20.7% $497,500 7.0% 6.8% ASHMORE 38 $520,250 6.9% $499,000 14.7% 6.4% BENOWA 25 $785,000 12.1% $750,000 9.5% 6.6% BIGGERA WATERS ~ f 10 $695,000 25.7% $575,000 18.6% 6.5% BONOGIN ^ ~ 16 $600,000 -8.5% $596,500 1.5% -7.5% BROADBEACH WATERS 46 $800,000 2.9% $810,000 9.5% -2.4% BUNDALL ~ f 22 $749,000 -11.4% $768,500 3.2% -6.8% BURLEIGH HEADS ~ f 18 $557,500 -14.4% $590,000 1.7% 4.4% BURLEIGH WATERS 44 $579,000 -0.2% $587,500 8.3% 6.8% CARRARA ~ 23 $437,500 -7.9% $473,000 10.8% 6.9% CLEAR ISLAND WATERS 17 $929,500 -4.9% $825,000 7.4% -4.7% COOMBABAH 30 $430,000 2.4% $413,000 5.6% -0.5% COOMERA ~ f 16 $473,000 28.2% $379,250 5.5% -7.2% CURRUMBIN 8 N/A N/A $896,500 40.6% 57.3% CURRUMBIN WATERS ~ f 22 $537,500 15.6% $515,000 4.8% 5.1% ELANORA 41 $522,500 7.7% $525,000 8.2% 6.3% GILSTON 10 $487,000 N/A $489,000 5.2% 6.3% HELENSVALE 60 $505,000 0.6% $484,000 5.6% 0.2% HIGHLAND PARK 19 $415,000 -4.6% $415,000 1.8% 0.0% HOLLYWELL 11 $552,500 N/A $552,500 2.3% 3.3% HOPE ISLAND 34 $571,500 14.3% $530,000 7.6% 4.1% JACOBS WELL 8 N/A N/A $405,000 13.2% -1.7% LABRADOR 17 $439,500 5.9% $441,750 13.3% 3.9% MAUDSLAND 6 N/A N/A $466,000 5.9% 7.7% MAUDSLAND ^ 5 N/A N/A $775,000 19.2% N/A MERMAID BEACH ~ f 16 $890,000 -19.0% $910,000 6.4% -13.3% MERMAID WATERS ~ f 52 $725,000 17.2% $685,000 9.6% 9.7% MERRIMAC 17 $445,000 6.7% $425,000 7.6% 2.4% MIAMI 13 $607,500 2.1% $580,000 11.5% 10.6% MOLENDINAR 21 $565,000 12.4% $507,000 7.6% 4.5% MUDGEERABA 35 $500,000 6.4% $482,500 7.2% 7.2% MUDGEERABA ^ 10 $635,000 N/A $630,000 -0.8% -1.6% NERANG 46 $385,000 1.2% $378,500 5.1% -0.4% NERANG ^ 3 N/A N/A $720,000 N/A 1.1% ORMEAU 56 $470,000 9.8% $426,000 4.9% -1.0% ORMEAU HILLS 8 N/A N/A $442,744 -1.4% -4.8% OXENFORD 43 $445,250 5.1% $432,500 -0.9% -1.2% PACIFIC PINES 64 $460,000 -4.2% $465,000 3.3% 2.2% PALM BEACH 52 $605,000 6.1% $570,000 7.5% 8.6% PARADISE POINT ~ f 21 $767,500 -9.7% $836,000 3.2% -4.5% PARKWOOD 23 $515,000 7.5% $502,000 11.6% 6.8% PIMPAMA ~ 10 $372,500 -17.5% $390,000 -2.3% 0.0% REEDY CREEK 20 $600,000 0.8% $620,500 1.7% -2.0% ROBINA 59 $575,000 1.8% $525,000 1.4% -0.9% RUNAWAY BAY ~ f 21 $765,000 -14.5% $819,000 12.2% 8.5% SOUTHPORT 56 $461,000 -1.9% $469,500 9.2% 3.2% SURFERS PARADISE 26 $1,250,000 6.4% $1,127,500 -2.4% -9.8% TALLAI ^ ~ 13 $641,000 -7.1% $682,500 -7.1% -0.4% TALLEBUDGERA ^ 5 N/A N/A $695,000 5.3% -0.7% TALLEBUDGERA VALLEY ^ 6 N/A N/A $765,000 N/A N/A TUGUN ~ 10 $630,500 32.0% $488,000 -1.9% 8.4% UPPER COOMERA 104 $413,250 3.3% $408,000 7.4% -1.7% VARSITY LAKES 40 $511,000 0.2% $500,000 6.4% 7.1% WORONGARY 8 N/A N/A $409,750 5.7% 3.1% WORONGARY ^ 11 $735,000 N/A $721,500 24.9% 16.4% GOLD COAST (LGA) 1,577 $350,000 2.9% $357,436 3.6% -3.4% ARUNDEL ~ 11 $340,000 10.2% $310,000 3.3% -3.9% ASHMORE 15 $274,000 -4.5% $284,000 9.2% -9.0% BENOWA ~ 26 $391,000 -3.5% $518,000 4.2% 42.0% BIGGERA WATERS ~ t 25 $273,500 -17.1% $406,000 1.8% 6.8% BILINGA ~ 9 N/A N/A $377,500 -4.4% -21.4% BROADBEACH 84 $430,000 2.9% $430,000 -4.4% -7.5% BROADBEACH WATERS ~ 9 N/A N/A $360,000 -5.3% -21.7% BUNDALL ~ 8 N/A N/A $314,450 -10.2% -2.8% BURLEIGH HEADS 60 $396,000 1.4% $391,000 6.9% -2.3% BURLEIGH WATERS ~ 17 $370,000 11.3% $342,500 5.2% -4.5% CARRARA ~ 30 $431,040 23.2% $420,450 3.8% 7.8% CLEAR ISLAND WATERS 9 N/A N/A $420,000 -6.7% 6.6% COOLANGATTA ~ 50 $399,000 -13.3% $399,000 2.3% -11.3% COOMBABAH ~ t 43 $325,000 -9.3% $325,000 8.9% 1.0% COOMERA ~ t 14 $259,875 -20.0% $317,500 17.2% -3.8% CURRUMBIN ~ t 12 $587,500 54.3% $421,000 0.8% 9.2% CURRUMBIN WATERS ~ 10 $323,750 10.7% $310,000 6.9% -4.6% ELANORA ~ 11 $285,000 -10.9% $300,000 4.2% -6.8% HELENSVALE ~ t 12 $304,000 16.9% $308,000 6.2% -2.2% HIGHLAND PARK 3 N/A N/A $249,000 -9.8% -11.9% HOPE ISLAND ~ t f 22 $410,000 10.8% $392,500 26.6% -0.6% LABRADOR * 76 $312,500 3.3% $330,000 8.2% 4.8% MAIN BEACH ~ f 35 $573,750 10.3% $574,000 3.9% -3.9% MAUDSLAND 9 N/A N/A $269,900 -2.8% 9.7% MERMAID BEACH ~ f 41 $380,000 1.9% $390,000 16.1% 8.3% MERMAID WATERS 20 $293,000 -6.1% $305,000 2.5% -4.4% MERRIMAC ~ 10 $270,000 -12.9% $310,000 -18.4% -4.6% MIAMI 27 $365,000 2.8% $355,000 5.0% -8.6% MUDGEERABA ~ 19 $332,500 16.7% $321,000 -0.6% -5.2% NERANG ~ 35 $281,000 12.4% $273,000 3.0% -4.2% ORMEAU 4 N/A N/A $329,000 8.8% -6.5% OXENFORD ~ 15 $272,000 -9.6% $278,000 6.9% -4.1% PACIFIC PINES 14 $332,500 3.1% $355,000 -2.7% -3.5% PALM BEACH ~ 56 $352,500 8.5% $355,000 7.9% -2.7% PARADISE POINT ~ f 21 $345,000 -23.3% $493,500 -11.9% -3.9% PIMPAMA 13 $335,000 N/A $357,450 -7.2% 3.2% REEDY CREEK 23 $290,000 3.8% $290,000 8.0% -3.2% ROBINA 43 $385,000 0.5% $395,000 -7.2% -12.2% RUNAWAY BAY ~ 44 $431,000 21.4% $430,000 -4.4% -0.6% SOUTHPORT 110 $318,000 5.0% $324,000 2.9% -11.2% SURFERS PARADISE 219 $320,000 -1.5% $335,000 -5.6% -9.5% TUGUN 25 $382,500 2.0% $382,218 6.9% -10.6% UPPER COOMERA 24 $306,500 1.3% $305,000 3.7% -10.8% VARSITY LAKES * 45 $370,000 -4.6% $389,000 5.7% -1.5%
  • 18. 18 QUEENSLAND MARKET MONITOR REGIONAL MARKET UPDATES 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 49 SUNSHINE COAST & NOOSA LAND SALES (p) SEP 14 DEC 14 (p) Preliminar Source: REIQ, (p) Preliminar Source: REIQ, (p) Preliminar Source: REIQ, RENTAL MARKET - 3 BED HOUSES POST DEC-14 DEC-13 CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS RENTAL MARKET - 2 BED UNITS POST DEC-14 DEC-13 CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS RENTAL MARKET - 3 BED TOWNHOUSES SALES MARKET - VACANT LAND SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE GOLD COAST (LGA) * 145 $233,000 -0.4% $231,000 0.7% -1.2% GOLD COAST (LGA) ^ 8 N/A N/A $360,000 3.6% -3.7% COOMERA * 16 $265,000 16.2% $229,500 4.3% -3.8% ELANORA * 3 N/A N/A $316,500 N/A N/A GILSTON 3 N/A N/A $256,000 2.4% 16.1% HELENSVALE * f 2 N/A N/A $532,500 N/A 94.3% ORMEAU 11 $247,500 N/A $226,000 2.7% 2.7% ORMEAU HILLS * 23 $212,900 N/A $214,000 1.9% N/A OXENFORD * 2 N/A N/A $235,000 N/A 3.5% PIMPAMA * 42 $224,000 1.8% $224,000 1.8% 2.1% REEDY CREEK 3 N/A N/A $319,500 7.4% 6.5% UPPER COOMERA * 15 $233,000 0.2% $229,500 2.0% 2.0% WILLOW VALE 2 N/A N/A $206,900 4.2% N/A GOLD COAST CITY $440 942 $420 1031 4208 BURNSIDE $370 24 $375 24 4209 COOMERA $390 104 $379 119 4210 OXENFORD $395 18 $390 21 4211 ADVANCETOWN $410 103 $395 122 4212 HELENSVALE $500 46 $470 72 4213 BONOGIN $450 34 $420 54 4214 ARUNDEL $430 90 $420 83 4215 LABRADOR $410 113 $390 110 4216 PARADISE POINT $400 58 $400 78 4217 BENOWA $550 43 $560 36 4218 BROADBEACH $535 62 $510 62 4220 BURLEIGH HEADS $495 64 $450 56 4221 ELANORA $480 53 $460 50 4223 CURRUMBIN $420 16 $420 31 4224 TUGUN $450 6 $390 8 4225 BILINGA $400 10 $425 5 4226 CLEAR ISLAND WATERS $480 66 $450 63 4227 REEDY CREEK $460 31 $465 29 GOLD COAST CITY $370 2324 $355 2540 4209 COOMERA $305 6 $300 9 4210 OXENFORD $300 22 $300 21 4211 ADVANCETOWN $320 31 $330 36 4212 HELENSVALE $390 48 $390 47 4214 ARUNDEL $320 21 $290 20 4215 LABRADOR $350 562 $340 585 4216 PARADISE POINT $360 215 $350 192 4217 BENOWA $410 502 $385 612 4218 BROADBEACH $360 327 $350 341 4220 BURLEIGH HEADS $375 168 $370 183 4221 ELANORA $340 124 $320 166 4223 CURRUMBIN $380 41 $350 25 4224 TUGUN $350 24 $310 31 4225 BILINGA $345 98 $330 134 4226 CLEAR ISLAND WATERS $415 73 $400 54 4227 REEDY CREEK $400 55 $410 79 GOLD COAST CITY $395 1064 $380 1259 4208 BURNSIDE $370 7 $370 21 4209 COOMERA $355 152 $350 154 4210 OXENFORD $360 13 $350 13 4211 ADVANCETOWN $370 185 $360 221 4212 HELENSVALE $430 27 $420 43 4213 BONOGIN $360 27 $360 44 4214 ARUNDEL $375 46 $360 50 4215 LABRADOR $410 110 $385 148 4216 PARADISE POINT $375 77 $360 89 4217 BENOWA $460 45 $470 73 4218 BROADBEACH $465 24 $400 25 4220 BURLEIGH HEADS $460 34 $450 25 4221 ELANORA $390 29 $400 22 4223 CURRUMBIN $370 10 $360 24 4224 TUGUN $445 18 $430 34 4226 CLEAR ISLAND WATERS $455 172 $430 178 4227 REEDY CREEK $420 82 $410 88 ... the Gold Coast economy continues to gather momentum
  • 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.
  • 20. 20 QUEENSLAND MARKET MONITOR REGIONAL MARKET UPDATES SALES MARKET - UNITS & TOWNHOUSES RENTAL MARKET - 3 BED TOWNHOUSES RENTAL MARKET - 2 BED UNITS SALES MARKET - VACANT LAND SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE SALES MARKET - HOUSES SUBURB NUMBER OF SALES MEDIAN SALE QTRLY CHANGE ANNUAL MEDIAN SALE 1YR CHANGE 5YR CHANGE RENTAL MARKET - 3 BED HOUSES POST DEC-14 DEC-13 CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS TOOWOOMBA (LGA) 86 $268,750 -3.7% $282,000 8.5% 22.6% CENTENARY HEIGHTS ~ 7 N/A N/A $269,000 -16.6% 10.1% EAST TOOWOOMBA t ~ 5 N/A N/A $275,000 19.2% 27.0% HARRISTOWN ~ 6 N/A N/A $217,121 -11.0% -13.2% KEARNEYS SPRING 11 $275,000 -5.7% $285,000 2.3% 18.3% NEWTOWN 12 $250,000 -2.5% $256,750 8.3% 18.9% RANGEVILLE * t 8 N/A N/A $349,000 9.4% 24.6% SOUTH TOOWOOMBA * t 3 N/A N/A $305,000 15.1% N/A TOOWOOMBA CITY ~ 5 N/A N/A $235,000 -21.7% 15.2% WILSONTON 6 N/A N/A $260,000 10.6% 13.8% TOOWOOMBA REGIONAL $310 619 $290 601 4350 KEARNEYS SPRING $315 483 $300 454 4352 AMIENS $335 28 $330 25 4354 DOUGLAS $230 6 N.A. 3 4355 ANDURAMBA $275 8 $270 9 4356 PITTSWORTH $290 17 $255 24 4357 BRINGALILY $250 11 $270 10 4359 ASCOT $250 6 $275 7 4361 BACK PLAINS $230 8 $225 8 4400 KINGSTHORPE $255 6 $270 8 4401 ACLAND $280 24 $260 36 4614 NEUMGNA $220 10 N.A. 3 GOONDIWINDI REGIONAL $265 37 $265 32 4385 BEEBO $190 6 N.A. 3 4387 BRUSH CREEK $210 5 $200 6 4390 BILLA BILLA $285 25 $285 22 SOUTHERN DOWNS REGIONAL $260 130 $250 145 4362 ALLORA $290 5 $250 8 4370 ALLAN $260 79 $250 90 4380 AMIENS $280 33 $260 32 WESTERN DOWNS REGIONAL $260 172 $350 171 4405 BLAXLAND $260 87 $320 79 4410 JANDOWAE $250 7 N.A. 4 4413 BAKING BOARD $275 46 $430 56 4415 MILES $270 12 $550 22 4419 COCKATOO $285 5 N.A. 4 4421 GORANBA $220 8 N.A. 0 TOOWOOMBA REGIONAL $300 17 $330 17 4350 KEARNEYS SPRING $300 17 $320 16 WESTERN DOWNS REGIONAL $350 19 N/A 9 4413 BAKING BOARD $350 19 $500 9 TOOWOOMBA REGIONAL $250 337 $240 322 4350 KEARNEYS SPRING $252 317 $240 305 4401 ACLAND $215 9 $180 6 GOONDIWINDI REGIONAL $200 25 $190 28 4390 BILLA BILLA $200 21 $190 24 SOUTHERN DOWNS REGIONAL $204 51 $200 53 4370 ALLAN $214 31 $200 39 4380 AMIENS $180 18 $200 13 WESTERN DOWNS REGIONAL $220 49 $270 62 4405 BLAXLAND $200 28 $235 31 4413 BAKING BOARD $240 13 $400 24 TOOWOOMBA (LGA) 573 $350,000 3.1% $340,000 6.3% 21.5% TOOWOOMBA (LGA) ^ 110 $460,500 2.7% $490,000 6.5% 21.0% CENTENARY HEIGHTS 37 $361,875 3.5% $350,000 6.1% 22.4% CROWS NEST 4 N/A N/A $250,000 2.0% 8.1% DARLING HEIGHTS 26 $355,000 1.6% $340,000 6.8% 20.4% EAST TOOWOOMBA 24 $398,000 -0.7% $431,250 11.3% 18.6% GLENVALE 21 $380,000 0.3% $367,000 9.6% 16.5% GOWRIE JUNCTION ^ 8 N/A N/A $440,000 N/A N/A HARLAXTON 11 $287,500 N/A $274,000 9.6% 22.5% HARRISTOWN 40 $328,750 2.6% $312,000 7.6% 24.8% HIGHFIELDS 15 $525,000 N/A $490,750 9.1% 17.5% HIGHFIELDS ^ 28 $545,000 9.1% $535,000 10.8% 21.5% KEARNEYS SPRING 23 $367,500 -2.0% $365,000 4.5% 21.5% KINGSTHORPE 6 N/A N/A $303,500 12.4% 21.4% KLEINTON 9 N/A N/A $490,000 9.4% N/A MERINGANDAN WEST ^ 9 N/A N/A $358,000 11.9% 17.4% MIDDLE RIDGE ~ 35 $540,000 15.1% $500,000 9.2% 17.4% MOUNT LOFTY 23 $390,000 N/A $415,000 16.9% 27.7% NEWTOWN 57 $310,000 6.9% $300,000 10.1% 21.3% NORTH TOOWOOMBA 19 $290,000 -3.7% $310,000 11.5% 31.1% OAKEY ~ 17 $252,000 16.5% $222,800 -1.0% 9.8% PITTSWORTH 10 $284,500 3.2% $279,500 -0.2% 3.5% RANGEVILLE 44 $460,000 13.3% $410,000 6.1% 10.8% ROCKVILLE 19 $281,000 -2.3% $288,000 18.0% 15.5% SOUTH TOOWOOMBA 28 $339,000 -0.9% $329,000 11.5% 28.4% TOOWOOMBA CITY 2 N/A N/A $325,000 4.0% 21.3% WESTBROOK 16 $450,000 4.0% $440,000 4.8% 18.9% WILSONTON 22 $315,000 0.6% $315,000 11.7% 19.7% WILSONTON HEIGHTS 11 $290,000 -3.3% $292,500 8.7% 25.3% WYREEMA 13 $359,750 N/A $350,000 N/A 11.1% SURROUNDS GOONDIWINDI (LGA) 15 $210,000 N/A $244,000 13.5% -0.1% GOONDIWINDI 11 $257,250 N/A $280,000 3.5% 0.5% SOUTHERN DOWNS (LGA) 56 $240,000 -1.0% $240,000 0.0% 2.1% SOUTHERN DOWNS (LGA) ^ ~ 26 $370,000 34.5% $330,000 17.9% 4.8% STANTHORPE ~ 15 $242,000 15.2% $247,000 7.7% 8.2% WARWICK 29 $255,000 -5.6% $254,500 2.2% 3.7% WESTERN DOWNS (LGA) ~ 27 $223,000 -20.4% $253,500 -13.2% 3.9% WESTERN DOWNS (LGA) ^ ~ 21 $229,000 -27.9% $350,000 -19.5% 12.9% CHINCHILLA 4 N/A N/A $337,500 -6.9% 22.7% DALBY ~ 12 $235,000 -15.5% $240,000 -8.3% -7.3% DALBY ^ 9 N/A N/A $417,500 -10.6% -2.0% TOOWOOMBA (LGA) 29 $155,000 -1.0% $159,950 3.2% 26.4% TOOWOOMBA (LGA) ^ 14 N/A N/A $179,000 7.5% 14.0% CAMBOOYA * 3 N/A N/A $115,000 N/A N/A GLENVALE * 2 N/A N/A $169,950 0.0% 33.8% GOWRIE JUNCTION ^ 3 N/A N/A $175,000 6.7% 17.4% KLEINTON * - N/A N/A $182,500 20.9% 40.7% MERINGANDAN WEST * 3 N/A N/A $136,000 23.6% N/A MIDDLE RIDGE * 1 N/A N/A $290,250 40.0% 67.8% WESTBROOK * 3 N/A N/A $159,750 3.7% 49.3% WYREEMA * 1 N/A N/A $146,000 N/A N/A SURROUNDS SOUTHERN DOWNS (LGA) 5 N/A N/A $75,000 -5.1% -15.7%