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www.reiq.com.auIssue 4 - December 2009
Proud to be an REIQ accredited agency
MARKETMONITOR
Y O U R S T A T E W I D E P R O P E R T Y R E S E A R C H G U I D E - S U B U R B B Y S U B U R B
www.reiq.com.au
Y O U R S T A T E - W I D E P R O P E R T Y R E S E A R C H G U I D E - S U B U R B B Y S U B U R B
www.reiq.com.auIssue 5 - March 2010
10% Deposit - it just makes senseClick here to discover how a Deposit Power Guarantee can secure a 10% deposit.
SnAPSHOT Of lGA DATA
www.reiq.com.auIssue 5 - March 2010 page 2
MARKETMONITORQ
UE
EN
SLA
ND
DECEMBER QUARTER 2009 STATE-WIDE SUMMARY
COnTEnTS
State-wide Summary.................................. page 2
Regional Overview
[Houses, Units & Townhouses, Vacant land, Rents]
Brisbane City.......................................... page 4 Brisbane Surrounds.............................. page 9 Gold Coast City..................................... page 13 Toowoomba Regional........................... page 16 Sunshine Coast City............................ page 18 fraser Coast Regional.......................... page 20 Bundaberg Regional.............................. page 22 Gladstone Regional............................... page 24 Rockhampton Regional......................... page 25 Mackay Regional.................................... page 27 Townsville City........................................ page 29 Cairns Regional...................................... page 31 Other Regional Areas............................ page 33
Gross Rental Yields...................................... page 36
Explanatory Notes....................................... page 36
Research Methodology............................. page 37
Contact Details.............................................. page 37
DECEMBER QUARTER 2009 HOUSES
LOCAL GOVERNMENT AREA Median Change
Dec Qtr 09 over qtr
The Real Estate Institute of Queensland Ltd. Copyright © 2009
21 Turbo Drive, Coorparoo, PO Box 1555, Coorparoo DC Q 4151
Ph: (07) 3249 7347 fax: (07) 3249 6211 Email: [email protected]
Queensland Market Monitor is published byThe Real Estate Institute of Queensland (REIQ).
ABN 49 009 661 287
Disclaimer: The information contained in this publication, while based on information believed reliable, is not guaranteed. Nor is any of it tendered by way of investment advice; instead, it is intended only to inform and illustrate. No reader should act on the basis of any matter contained in this publication without considering and if necessary taking appropriate professional advice with regards to their own particular circumstances. The publisher and editor give no representations and make no warranties, express or implied, with respect to the accuracy or completeness of any of the material (including statistics, advertisements and advertising features) contained in this publication. The publisher and editor expressly disclaim any and all liability to the reader, whether a purchaser of this publication or not, in respect of anything and the consequences of anything done or omitted to be done by any such person in reliance, whether whole or partial, upon the whole or any part of the contents of this publication. The publisher, editor or contributors will enter into no correspondence in relation to this publication. The mention of the company, organisation, person, investment strategy or technique does not imply endorsement by the publisher. The publisher has not vetted advertisers and their products/services. The inclusion of advertisements or special advertising features in this publication does not imply endorsement of the advertiser/s or their products/services by the publisher. Articles are published in reliance upon the representations and warranties of the authors of the articles and without knowledge of any infringement of any third party’s copyright. Copyright: This publication is protected under the Commonwealth Copyrights Act 1968 and may not, in whole or part, be lent, copied, photocopied, reproduced, translated or reduced to any electronic medium or machine-readable format without the express permission of the publisher. For permissions or reprints, contact the Market Place Strategy Division on phone 07 3249 7347.
SOUTHEAST QUEENSLAND
BRISBANE (SD) $451,000 4.9%
BRISBANE CITY ~ $535,000 8.1%
IPSWICH CITY $324,000 1.3%
LOGAN CITY $362,000 3.4%
MORETON BAY REGIONAL $400,000 3.4%
REDLAND CITY $460,900 0.2%
GOLD COAST CITY $510,000 5.2%
SUNSHINE COAST REGIONAL $475,000 3.3%
MAJOR REGIONAL CENTRES
TOOWOOMBA REGIONAL $295,000 5.7%
FRASER COAST REGIONAL ~ $314,500 4.8%
BUNDABERG REGIONAL ~ $295,000 9.7%
GLADSTONE REGIONAL ~ $355,000 -1.7%
ROCKHAMPTON REGIONAL $330,000 7.8%
MACKAY REGIONAL $404,500 4.8%
TOWNSVILLE CITY $385,000 5.5%
CAIRNS REGIONAL $372,500 4.9%
Median house and unit prices Falling numbers of first home buyers over the December quarter ensured median property prices headed north across most areas of the State.
This can be partly attributed to the decrease of buyers in the more affordable end of the market which has resulted in median prices being skewed upward over the period.
The dramatic reduction in first home buyers across the State – down from their peak of 30 per cent of the market in May last year to just 17 per cent in December – meant that sales of affordable properties also plummeted.
The number of preliminary house sales under $500,000 dropped 22 per cent in the period, while the drop in the number of units and townhouses was even more marked – down 28 per cent over the quarter.
The market as a whole also slowed over the period with total preliminary house sales down 16 per cent, and total preliminary unit and townhouse sales down 24 per cent compared to the September quarter.
Brisbane’s median house price increased 8.1 per cent to $535,000 over the December quarter however its median – along with many other areas – was impacted by the marked change in buyer demographic.
www.reiq.com.auIssue 5 - March 2010 page 3
MARKETMONITORQ
UE
EN
SLA
ND
BRISBAnE CITYDECEMBER QUARTER 2009 STATE-WIDE SUMMARY
QLD - House Sales
$350k+ 1603 1851 33% 33% 30%
QLD - House Sales$350k+ $500k+
651 1498 1603 887 181DEC 09
<$250k $250k+ $350k+ $500k+ $1m+
P
QUEENSLAND SALES PRICE POINTSHOUSES NUMBER OF SALES % OF TOTAL SALESPrice Range DEC 09 SEP 09 JUN 09 DEC 09 SEP 09 JUN 09 <$350k $350k+ $500k+ $1m+<$350k $1m+
<$350k 3271 4475 4908 29% 34% 36% -1204$350k+ 4502 5529 5753 40% 42% 42% -1027
49084908
$500k+ 3133 2997 2797 28% 23% 20% 136 5753 2797 234JUN 09 5753 2797 234JUN 09
$1m+ 299 290 234 3% 2% 2% 9 44754475TOTAL SALES 11205 13291 13692 -2086
-16% -3% 5529 2997 290SEP 09 5529 2997 290SEP 09
UNITS NUMBER OF SALES % OF TOTAL SALESPrice Range DEC 09 SEP 09 JUN 09 DEC 09 SEP 09 JUN 09
32713271
<$250k 651 1052 1044 14% 17% 17% 4502 3133 299DEC 09 4502 3133 299DEC 09
$250k+ 1498 2070 2252 31% 33% 37%$350k+ 1603 20692069 1851 33% 33% 30%$500k+ 887 992 874 18% 16% 14%$1m+ 181 183 136 4% 3% 2%TOTAL SALES 4820 6366 6157 QLD - Unit Sales
VACANT LAND ^ NUMBER OF SALES % OF TOTAL SALESPrice Range DEC 09 SEP 09 JUN 09 DEC 09 SEP 09 JUN 09<$250k 2227 2938 2829 73% 73% 75% 1044 2252 1851 874 136JUN 09$250k+ 504 728 652 16% 18% 17%$350k+ 200 233 174 7% 6% 5%$500k+ 89 90 88 3% 2% 2% 1052 2070 2069 992 183SEP 09$1m+ 42 50 29 1% 1% 1%TOTAL SALES 3062 4039 3772
^includes acreageHOUSESP i RPrice Range DEC 09 DEC 09 SEP SE 09 change over qtr09 change over qtr<$500k 7773 10004 -22%>$500k 3432 3287 4%TOTAL SALES 11205 13291 -16%UNITSPrice Range DEC 09 SEP 09 change over qtr<$500k 3752 5191 -28%>$500k 1068 1175 -9%TOTAL SALES 4820 6366 -24%
3271
4475
4908
4502
5529
5753
3133
2997
2797
299
290
234
DEC 09
SEP 09
JUN 09
QLD - House Sales<$350k $350k+ $500k+ $1m+
651
1052
1044
1498
2070
2252
1603
2069
1851
887
992
874
181
183
136
DEC 09
SEP 09
JUN 09
QLD - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
2227
2938
2829
504
728
652
200
233
174
89
90
88
42
50
29
DEC 09
SEP 09
JUN 09
QLD - Land Sales<$250k $250k+ $350k+ $500k+ $1m+
QLD - House Sales
$350k+ 1603 1851 33% 33% 30%
QLD - House Sales$350k+ $500k+
651 1498 1603 887 181DEC 09
<$250k $250k+ $350k+ $500k+ $1m+
P
QUEENSLAND SALES PRICE POINTSHOUSES NUMBER OF SALES % OF TOTAL SALESPrice Range DEC 09 SEP 09 JUN 09 DEC 09 SEP 09 JUN 09 <$350k $350k+ $500k+ $1m+<$350k $1m+
<$350k 3271 4475 4908 29% 34% 36% -1204$350k+ 4502 5529 5753 40% 42% 42% -1027
49084908
$500k+ 3133 2997 2797 28% 23% 20% 136 5753 2797 234JUN 09 5753 2797 234JUN 09
$1m+ 299 290 234 3% 2% 2% 9 44754475TOTAL SALES 11205 13291 13692 -2086
-16% -3% 5529 2997 290SEP 09 5529 2997 290SEP 09
UNITS NUMBER OF SALES % OF TOTAL SALESPrice Range DEC 09 SEP 09 JUN 09 DEC 09 SEP 09 JUN 09
32713271
<$250k 651 1052 1044 14% 17% 17% 4502 3133 299DEC 09 4502 3133 299DEC 09
$250k+ 1498 2070 2252 31% 33% 37%$350k+ 1603 20692069 1851 33% 33% 30%$500k+ 887 992 874 18% 16% 14%$1m+ 181 183 136 4% 3% 2%TOTAL SALES 4820 6366 6157 QLD - Unit Sales
VACANT LAND ^ NUMBER OF SALES % OF TOTAL SALESPrice Range DEC 09 SEP 09 JUN 09 DEC 09 SEP 09 JUN 09<$250k 2227 2938 2829 73% 73% 75% 1044 2252 1851 874 136JUN 09$250k+ 504 728 652 16% 18% 17%$350k+ 200 233 174 7% 6% 5%$500k+ 89 90 88 3% 2% 2% 1052 2070 2069 992 183SEP 09$1m+ 42 50 29 1% 1% 1%TOTAL SALES 3062 4039 3772
^includes acreageHOUSESP i RPrice Range DEC 09 DEC 09 SEP SE 09 change over qtr09 change over qtr<$500k 7773 10004 -22%>$500k 3432 3287 4%TOTAL SALES 11205 13291 -16%UNITSPrice Range DEC 09 SEP 09 change over qtr<$500k 3752 5191 -28%>$500k 1068 1175 -9%TOTAL SALES 4820 6366 -24%
3271
4475
4908
4502
5529
5753
3133
2997
2797
299
290
234
DEC 09
SEP 09
JUN 09
QLD - House Sales<$350k $350k+ $500k+ $1m+
651
1052
1044
1498
2070
2252
1603
2069
1851
887
992
874
181
183
136
DEC 09
SEP 09
JUN 09
QLD - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
2227
2938
2829
504
728
652
200
233
174
89
90
88
42
50
29
DEC 09
SEP 09
JUN 09
QLD - Land Sales<$250k $250k+ $350k+ $500k+ $1m+
QLD - House Sales
$350k+ 1603 1851 33% 33% 30%
QLD - House Sales$350k+ $500k+
651 1498 1603 887 181DEC 09
<$250k $250k+ $350k+ $500k+ $1m+
P
QUEENSLAND SALES PRICE POINTSHOUSES NUMBER OF SALES % OF TOTAL SALESPrice Range DEC 09 SEP 09 JUN 09 DEC 09 SEP 09 JUN 09 <$350k $350k+ $500k+ $1m+<$350k $1m+
<$350k 3271 4475 4908 29% 34% 36% -1204$350k+ 4502 5529 5753 40% 42% 42% -1027
49084908
$500k+ 3133 2997 2797 28% 23% 20% 136 5753 2797 234JUN 09 5753 2797 234JUN 09
$1m+ 299 290 234 3% 2% 2% 9 44754475TOTAL SALES 11205 13291 13692 -2086
-16% -3% 5529 2997 290SEP 09 5529 2997 290SEP 09
UNITS NUMBER OF SALES % OF TOTAL SALESPrice Range DEC 09 SEP 09 JUN 09 DEC 09 SEP 09 JUN 09
32713271
<$250k 651 1052 1044 14% 17% 17% 4502 3133 299DEC 09 4502 3133 299DEC 09
$250k+ 1498 2070 2252 31% 33% 37%$350k+ 1603 20692069 1851 33% 33% 30%$500k+ 887 992 874 18% 16% 14%$1m+ 181 183 136 4% 3% 2%TOTAL SALES 4820 6366 6157 QLD - Unit Sales
VACANT LAND ^ NUMBER OF SALES % OF TOTAL SALESPrice Range DEC 09 SEP 09 JUN 09 DEC 09 SEP 09 JUN 09<$250k 2227 2938 2829 73% 73% 75% 1044 2252 1851 874 136JUN 09$250k+ 504 728 652 16% 18% 17%$350k+ 200 233 174 7% 6% 5%$500k+ 89 90 88 3% 2% 2% 1052 2070 2069 992 183SEP 09$1m+ 42 50 29 1% 1% 1%TOTAL SALES 3062 4039 3772
^includes acreageHOUSESP i RPrice Range DEC 09 DEC 09 SEP SE 09 change over qtr09 change over qtr<$500k 7773 10004 -22%>$500k 3432 3287 4%TOTAL SALES 11205 13291 -16%UNITSPrice Range DEC 09 SEP 09 change over qtr<$500k 3752 5191 -28%>$500k 1068 1175 -9%TOTAL SALES 4820 6366 -24%
3271
4475
4908
4502
5529
5753
3133
2997
2797
299
290
234
DEC 09
SEP 09
JUN 09
QLD - House Sales<$350k $350k+ $500k+ $1m+
651
1052
1044
1498
2070
2252
1603
2069
1851
887
992
874
181
183
136
DEC 09
SEP 09
JUN 09
QLD - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
2227
2938
2829
504
728
652
200
233
174
89
90
88
42
50
29
DEC 09
SEP 09
JUN 09
QLD - Land Sales<$250k $250k+ $350k+ $500k+ $1m+
Brisbane had the second highest median house price increase over the quarter.
The Bundaberg residential property market regained lost ground over the December quarter to post a 9.7 per cent median house price increase to $295,000 to be the top major regional performer. The result follows a fall of 4.9 per cent in the previous quarter.
Bundaberg’s spike in median house can be partially attributed to the reduction of affordable housing stock in the final months of 2009 which resulted in healthy competition amongst buyers, especially first-timers.
Similar to other areas of the State, the number of first home buyers in Bundaberg has reduced dramatically over recent months as financial incentives to buy are wound back and interest rates begin to rise again.
There has been a marked increase in the number of second and third generation buyers since the beginning of the year. Investors, especially, are showing a lot of interest given the affordability of property in the region.
Queensland’s unit and townhouse market also keenly felt the retreat of first home buyers with higher median prices but much lower preliminary sales numbers.
The recent batch of interest rate rises, even though inflation appears to presently be under control, has obviously had an impact on the Queensland market with sales numbers well below what they were during the global financial crisis last year.
Cairns’ was the top performer of Queensland’s major regions with a median unit and townhouse price increase of 9.1 per cent to $265,000 over the December quarter.
As with house sales, preliminary unit and townhouse sales numbers were also down for the quarter, recording 300 sales.
Demand in the Cairns unit and townhouse market has been driven heavily by investors over the quarter, while first home buyers looked towards this segment as the more affordable option in their ongoing quest to own their first piece of real estate.
Median land prices About 8,000 First Home Owner Boosts (FHOB) were paid to Queenslanders to build their first home while the government initiative was available in late 2008 and 2009. By comparison, about 35,000 FHOB’s were paid to first-time buyers of existing property over the same period.
While this initiative certainly helped underpin the new home market – and safeguard jobs - during the economic uncertainties of the past 18 months, rising interest rates and continued supply constraints have resulted in the preliminary number of sales of vacant urban land across Queensland decreasing 24 per cent over the period.
Median rents The Queensland rental market has adapted to its new level of demand following the large number of renters who exited the market during 2009 to buy a home.
The State’s continued population growth shows no signs of abating, however which ensures that vacancy rates will likely improve over the short to medium term given this sustained level of demand.
Across the State, most major regions posted small median rent increases over the 2009 calendar year.
www.reiq.com.auIssue 5 - March 2010 page 4
MARKETMONITORQ
UE
EN
SLA
ND
BRISBAnE CITY
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
33
35
46
483
678
810
511
522
520
52
77
79
DEC 09
SEP 09
JUN 09
Gold Coast City - House Sales
<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
180
227
300
61
45
66
13
7
16
DEC 09
SEP 09
JUN 09
Bundaberg - House Sales
<$350k $350k+ $500k+
190
236
314
255
278
318
97
54
62
DEC 09
SEP 09
JUN 09
Townsville City - House Sales
<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
33
35
46
483
678
810
511
522
520
52
77
79
DEC 09
SEP 09
JUN 09
Gold Coast City - House Sales
<$350k $350k+ $500k+ $1m+
352
439
500
116
130
117
47
28
31
DEC 09
SEP 09
JUN 09
Toowoomba - House Sales
<$350k $350k+ $500k+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
180
227
300
61
45
66
13
7
16
DEC 09
SEP 09
JUN 09
Bundaberg - House Sales
<$350k $350k+ $500k+
80
93
79
67
88
68
21
27
15
DEC 09
SEP 09
JUN 09
Gladstone - House Sales
<$350k $350k+ $500k+
164
223
268
184
185
244
66
67
57
DEC 09
SEP 09
JUN 09
Cairns - House Sales
<$350k $350k+ $500k+
190
236
314
255
278
318
97
54
62
DEC 09
SEP 09
JUN 09
Townsville City - House Sales
<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
112
190
236
476
641
771
427
646
541
313
361
385
89
83
68
DEC 09
SEP 09
JUN 09
Gold Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
15
18
31
21
32
43
2
6
5
DEC 09
SEP 09
JUN 09
Bundaberg - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
23
49
41
76
90
109
19
25
28
DEC 09
SEP 09
JUN 09
Townsville - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
112
190
236
476
641
771
427
646
541
313
361
385
89
83
68
DEC 09
SEP 09
JUN 09
Gold Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
44
93
103
26
33
45
2
2
2
DEC 09
SEP 09
JUN 09
Toowoomba - Unit Sales<$250k $250k+ $500k+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
15
18
31
21
32
43
2
6
5
DEC 09
SEP 09
JUN 09
Bundaberg - Unit Sales<$250k $250k+ $500k+
5
10
10
14
17
20
6
3
1
DEC 09
SEP 09
JUN 09
Gladstone - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
23
49
41
76
90
109
19
25
28
DEC 09
SEP 09
JUN 09
Townsville - Unit Sales<$250k $250k+ $500k+
132
198
203
126
131
149
42
48
37
DEC 09
SEP 09
JUN 09
Cairns - Unit Sales<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
56
67
65
7
1
6
1
1
DEC 09
SEP 09
JUN 09
Bundaberg - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
94
148
156
21
19
9
5
3
1
DEC 09
SEP 09
JUN 09
Townsville City - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
122
159
273
60
75
96
8
12
9
5
25
16
DEC 09
SEP 09
JUN 09
Gold Coast - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
94
150
150
6
6
6
1
1
1
DEC 09
SEP 09
JUN 09
Toowoomba - Land Sales
<$250k $250k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
56
67
65
7
1
6
1
1
DEC 09
SEP 09
JUN 09
Bundaberg - Land Sales
<$250k $250k+ $500k+
63
27
22
2
6
2
1
1
1
DEC 09
SEP 09
JUN 09
Gladstone - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
94
148
156
21
19
9
5
3
1
DEC 09
SEP 09
JUN 09
Townsville City - Land Sales
<$250k $250k+ $500k+
90
106
143
18
14
11
6
3
1
DEC 09
SEP 09
JUN 09
Cairns - Land Sales<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
122
159
273
60
75
96
8
12
9
5
25
16
DEC 09
SEP 09
JUN 09
Gold Coast - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
Median house and unit prices Brisbane’s median house price soared 8.1 per cent to $535,000 over the December quarter on the back on of a dramatic decrease in preliminary sales under $500,000.
Over the year, Brisbane’s median house price was steady recording a 0.3 per cent increase.
Compared to the September quarter, the number of house sales under $500,000 dropped 27 per cent. The total number of preliminary sales was also down by 11 per cent over the period.
There was a slight increase in sales to up-graders over the period, with many having sold to first-home buyers, now seeking to buy in the $500,000 to $1 million price bracket.
This trend is reflected in the results with some of the strongest performers being suburbs usually preferred by second and third home buyers.
Bridgeman Downs recorded a 12.9 per cent median house price increase to $755,000 and was also up 9.1 per cent over the year.
Bridgeman Downs is a relatively new outer northern suburb of Brisbane, about 14.5km from the CBD. In recent years it has raised its profile by transforming areas of open forest into up-market contemporary housing, especially on large estates.
The south-eastern pocket of suburbs of Bulimba, Cannon Hill and Carina also performed well over the period up 13.8 per cent, 13.6 per cent and 10.4 per cent respectively.
The Brisbane median unit and townhouse increased 2.7 per cent to $400,000 over the period. Yet again sales numbers were down markedly with the total number of preliminary sales down 22 per cent over the December quarter. Preliminary sales under $500,000 also decreased by some 25 per cent over the period.
Solid performers included the inner-city suburb of Fortitude Valley, up 8.8 per cent over the quarter to $421,000, and up 7.9 per cent over the year.
Indooroopilly also recorded healthy growth with an 8.6 per cent increase to $472,500 over the quarter, and up 12.4 per cent over the year.
Median land pricesThe paucity of affordable vacant urban land in the Brisbane local government area and the reduction of the FHOB saw the preliminary number of sales plummet by a staggering 40 per cent over the December quarter.
While middle-ring suburbs such as Calamvale and Moggill performed well over the period – up 7.7 per cent and 5.1 per cent respectively – the fact that the median price for vacant urban land in Brisbane now sits at $311,500 means that this segment of the market is only really attainable for people upgrading to a new home with all the mod cons after selling an established property.
Median rentsThe Brisbane rental market has returned to a more balanced state over the past year with its vacancy rate now sitting at 3.8 per cent, according to figures from the Office of Economic and Statistical Research. Inner Brisbane has felt the reduction of renters more keenly than other parts of Brisbane, recording a vacancy rate of 4.4 per cent for the December quarter.
The number of bonds lodged reflects this lower demand overall, down about 15 per cent between December 2009 and December 2007. While there has been a reduction in the number of renters in the market, median rents fared well with an increase of $10 per week to $370 for a three-bedroom house in Brisbane and an increase of $5 per week to $355 for a two-bedroom unit over the same period.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 5 - March 2010 page 5
MARKETMONITORQ
UE
EN
SLA
ND
BRISBAnE CITY
HOUSES HOUSES continued
Suburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
BRISBANE (SD) 5,512 $451,000 4.9% $425,000 1.2% 38.2%
BRISBANE (SD) ^ 360 $567,250 4.8% $550,000 -3.5% 29.4%
BRISBANE CITY (LGA) ~ 2,789 $535,000 8.1% $491,500 0.3% 36.5%
BRISBANE CITY (LGA) ^ ~ 49 $915,000 10.9% $876,000 -14.7% 16.8%
ACACIARIDGE 17 $345,000 0.7% $331,000 0.9% 49.1%
ALDERLEY 16 $610,625 0.4% $600,000 4.8% 50.0%
ALGESTER 24 $415,500 3.9% $395,550 2.6% 41.4%
ANNERLEY~ 19 $645,000 24.0% $529,500 -1.9% 42.3%
ASCOT~ 14 $897,500 -17.8% $980,000 -24.6% 25.6%
ASHGROVE 40 $638,000 -1.1% $626,750 -3.4% 37.7%
ASPLEY 32 $464,000 0.4% $463,000 3.1% 40.3%
AUCHENFLOWER~ 13 $810,000 18.2% $766,500 6.5% 44.6%
BALDHILLS 35 $409,000 3.5% $401,000 6.6% 54.2%
BALMORAL~ 15 $752,000 13.5% $702,500 -16.4% 27.7%
BANYO 22 $442,500 7.9% $400,000 1.9% 37.9%
BARDON~ 37 $800,000 19.8% $696,000 -5.9% 47.0%
BELLBOWRIE 19 $492,000 5.8% $455,000 1.1% 31.9%
BELMONT 15 $589,000 3.3% $565,000 4.6% 61.0%
BOONDALL 24 $425,000 5.6% $415,000 1.2% 37.9%
BRACKENRIDGE 44 $408,000 1.5% $410,000 3.8% 34.9%
BRIDGEMANDOWNS 23 $755,000 12.9% $675,000 9.1% 29.8%
BRIGHTON 42 $404,250 2.3% $390,000 -2.3% 41.8%
BRISBANECITY 4 N/A N/A $700,000 N/A 65.7%
BROOKFIELD 5 N/A N/A $795,000 N/A 27.5%
BULIMBA 21 $922,500 13.8% $822,500 -7.7% 24.6%
CALAMVALE 35 $499,000 2.0% $485,000 0.0% 41.6%
CAMPHILL 38 $621,024 9.2% $575,000 -1.5% 38.9%
CANNONHILL 14 $551,000 13.6% $500,000 -1.5% 28.2%
CARINA 18 $536,500 10.4% $475,000 0.0% 39.7%
CARINAHEIGHTS 12 $529,750 4.9% $499,500 5.2% 32.3%
CARINDALE 39 $675,000 0.4% $650,000 4.3% 41.8%
CARSELDINE 11 $509,000 7.2% $481,250 -3.2% 23.4%
CHAPELHILL 32 $650,000 2.0% $620,000 3.1% 40.9%
CHELMER 15 $890,000 5.3% $860,000 3.6% 25.2%
CHERMSIDE 15 $450,000 0.2% $448,500 -1.9% 40.4%
CHERMSIDEWEST~ 15 $485,000 19.0% $437,000 1.9% 41.0%
CLAYFIELD 21 $1,020,000 9.3% $830,000 -5.9% 29.2%
COOPERSPLAINS 12 $431,000 9.8% $410,000 -1.8% 44.4%
COORPAROO 30 $669,000 4.9% $612,500 2.1% 47.1%
CORINDA~ 13 $765,000 54.7% $590,000 3.5% 43.9%
DARRA 7 N/A N/A $347,500 5.3% 54.8%
DEAGON 21 $405,000 12.5% $380,000 4.1% 40.7%
DOOLANDELLA 5 N/A N/A $357,500 1.3% 45.9%
DREWVALE 10 $474,000 0.2% $456,500 6.2% 34.3%
DURACK 11 $373,000 12.3% $341,000 -0.4% 37.4%
EASTBRISBANE 12 $650,000 0.5% $627,500 -2.7% 21.7%
EIGHTMILEPLAINS 27 $599,000 6.8% $573,000 8.9% 40.2%
ENOGGERA 15 $535,000 N/A $512,500 -6.1% 48.6%
EVERTONPARK 33 $485,029 8.5% $450,000 -0.7% 34.3%
FAIRFIELD 7 N/A N/A $585,000 -5.6% 51.9%
FERNYGROVE 18 $477,650 -3.5% $480,000 3.2% 31.1%
FIGTREEPOCKET~ 12 $702,500 -21.1% $760,000 5.2% 50.5%
FITZGIBBON 9 N/A N/A $415,000 -0.4% 49.1%
FORESTLAKE 97 $417,000 11.2% $379,750 -1.2% 35.6%
GAYTHORNE 10 $587,500 N/A $538,000 N/A 45.4%
GEEBUNG 12 $442,500 5.4% $425,000 3.0% 49.4%
GORDONPARK 12 $597,500 N/A $570,000 -9.5% 47.5%
GRACEVILLE~ 17 $600,000 -4.8% $625,250 -11.9% 29.9%
GRANGE~ 9 N/A N/A $690,000 17.9% 57.7%
GREENSLOPES~ 18 $690,000 32.7% $550,000 0.1% 48.1%
HAMILTON~ 11 $850,000 N/A $1,025,000 -19.1% 28.1%
HAWTHORNE 19 $899,888 4.6% $732,500 -5.5% 16.7%
HEATHWOOD 4 N/A N/A $500,000 -8.3% N/A
HEMMANT 6 N/A N/A $416,440 2.8% 48.2%
HENDRA~* 20 $975,000 33.6% $731,000 6.7% 48.4%
HIGHGATEHILL~ 6 N/A N/A $718,500 -14.5% 40.5%
HOLLANDPARK 29 $530,000 5.5% $495,000 -3.9% 47.7%
HOLLANDPARKWEST 23 $537,000 3.9% $518,500 1.2% 42.8%
INALA 29 $307,000 5.9% $291,000 -1.5% 59.9%
INDOOROOPILLY~ 27 $681,000 18.1% $637,500 -6.3% 23.8%
JAMBOREEHEIGHTS 23 $429,000 3.4% $424,000 1.0% 46.2%
JINDALEE 21 $460,000 2.2% $454,500 3.0% 35.7%
KANGAROOPOINT 8 N/A N/A $650,000 N/A 39.8%
KARANADOWNS 9 N/A N/A $424,750 11.9% 40.1%
KARANADOWNS^ 6 $494,500 N/A $489,000 N/A 35.7%
KEDRON 24 $511,300 3.9% $480,000 -10.3% 36.2%
KELVINGROVE 9 N/A N/A $610,000 -2.4% 46.3%
KENMORE 38 $560,000 5.7% $502,500 0.5% 30.6%
KENMOREHILLS 7 N/A N/A $710,000 N/A 43.8%
KEPERRA 18 $436,000 -2.0% $425,000 2.4% 49.4%
KURABY 16 $547,500 14.1% $494,750 -9.2% 33.7%
LOTA 13 $480,000 0.5% $463,000 -6.9% 18.7%
LUTWYCHE 7 N/A N/A $587,500 6.3% 49.5%
MACGREGOR 18 $506,000 -4.8% $493,000 -0.4% 29.7%
MANLY 10 $627,500 -3.5% $585,000 -10.6% 14.7%
MANLYWEST 29 $510,000 -3.8% $475,000 -2.5% 32.7%
MANSFIELD 15 $520,000 13.4% $467,500 2.7% 39.6%
MCDOWALL 15 $528,000 -2.2% $521,250 6.6% 39.9%
MIDDLEPARK 14 $535,000 4.7% $492,000 -0.1% 39.6%
MITCHELTON 21 $505,000 14.8% $493,500 6.1% 49.5%
MOGGILL 14 $474,500 3.2% $468,500 2.8% 31.0%
MOOROOKA 35 $487,500 8.3% $464,375 -2.2% 40.4%
MORNINGSIDE~ 28 $531,750 -8.3% $543,500 0.8% 33.8%
MOUNTCROSBY^ 2 N/A N/A $535,000 2.9% 48.6%
MOUNTGRAVATT 13 $492,000 N/A $480,000 0.4% 47.5%
MOUNTGRAVATTEAST 34 $450,000 -3.2% $447,000 -1.8% 38.8%
MURARRIE~ 12 $557,000 19.1% $457,000 -4.8% 25.2%
NEWFARM~ 13 $1,010,000 16.1% $900,000 -18.2% 6.2%
NEWMARKET 11 $665,000 8.1% $632,500 1.2% 48.8%
NORMANPARK~ 25 $640,000 -6.9% $642,500 -6.5% 52.1%
NORTHGATE~ 13 $620,000 18.0% $520,000 5.2% 60.0%
NUDGEE 5 N/A N/A $469,927 4.4% 67.8%
NUNDAH 20 $585,000 2.8% $540,000 -1.8% 53.2%
OXLEY 18 $460,000 2.1% $425,000 -2.3% 44.1%
PADDINGTON 19 $753,000 6.5% $695,000 -7.9% 41.8%
PARKINSON 38 $517,500 5.2% $487,000 3.6% 29.9%
PULLENVALE^~ 9 $925,000 5.1% $918,750 -19.2% 30.3%
REDHILL 16 $706,250 -5.8% $680,000 5.8% 48.8%
RICHLANDS 2 N/A N/A $423,500 -0.4% N/A
RIVERHILLS 5 N/A N/A $415,000 5.1% 40.7%
ROBERTSON 11 $714,700 N/A $625,000 -0.8% 22.3%
ROCKLEA 8 N/A N/A $368,000 1.5% 68.4%
RUNCORN 34 $420,000 -3.4% $420,000 2.4% 45.8%
SALISBURY 19 $449,000 2.9% $430,000 4.9% 43.3%
SANDGATE 10 $558,750 3.5% $500,000 5.8% 31.6%
SEVENHILLS 9 N/A N/A $580,000 1.8% 29.6%
SEVENTEENMILEROCKS~ 11 $477,000 -7.9% $472,000 -9.7% 43.2%
SHERWOOD 13 $660,000 -2.9% $650,000 -4.4% 40.8%
Please see page 36 for legend and further notes
www.reiq.com.auIssue 5 - March 2010 page 6
MARKETMONITORQ
UE
EN
SLA
ND
BRISBAnE CITY
UNITS & TOWNHOUSES
HOUSES continued UNITS & TOWNHOUSES continued
Suburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
SHORNCLIFFE 5 N/A N/A $650,000 8.3% N/A
SINNAMONPARK 19 $630,000 0.8% $575,000 3.1% 28.3%
STLUCIA 13 $1,085,000 N/A $875,000 -2.8% 25.0%
STAFFORD 23 $462,500 1.6% $452,000 -1.6% 43.5%
STAFFORDHEIGHTS 25 $470,000 8.0% $448,900 3.2% 42.7%
STRETTON 7 N/A N/A $655,000 7.2% 36.5%
SUNNYBANK 31 $550,000 10.1% $506,000 0.4% 44.6%
SUNNYBANKHILLS 46 $482,500 -5.8% $450,000 4.7% 32.4%
TAIGUM~ 13 $441,000 -8.7% $430,000 2.5% 28.7%
TARINGA 13 $800,000 -3.0% $701,000 -3.3% 41.6%
TARRAGINDI 40 $588,500 12.0% $535,000 3.9% 46.6%
THEGAP 53 $552,000 11.9% $518,500 -0.7% 38.3%
TINGALPA 24 $453,000 6.6% $428,000 0.7% 41.7%
TOOWONG~ 13 $700,000 18.1% $630,000 -11.9% 34.0%
UPPERKEDRON 13 $535,000 N/A $535,000 5.9% 34.3%
UPPERMOUNTGRAVATT 21 $493,100 12.1% $450,000 5.4% 45.4%
VIRGINIA 9 N/A N/A $425,000 2.3% 32.1%
WAKERLEY 23 $615,000 15.3% $580,000 -3.3% 31.8%
WAVELLHEIGHTS 28 $530,250 5.0% $490,000 4.3% 42.0%
WESTEND~ 9 N/A N/A $725,000 -13.7% 42.2%
WESTLAKE~ 20 $571,000 -6.4% $575,000 -3.0% 29.2%
WILSTON 8 N/A N/A $770,000 2.7% 33.9%
WINDSOR 15 $680,000 13.1% $600,000 -9.1% 43.7%
WISHART 23 $580,000 12.1% $495,000 0.2% 37.5%
WOOLLOONGABBA 5 N/A N/A $555,000 -10.5% 53.3%
WOOLOOWIN~ 16 $745,000 18.3% $625,000 -5.5% 27.9%
WYNNUM~ 43 $540,000 18.0% $475,000 -6.7% 30.1%
WYNNUMWEST 35 $430,000 -2.3% $440,000 -1.9% 41.5%
YERONGA 16 $696,750 N/A $685,000 4.6% 41.2%
ZILLMERE 27 $399,000 5.0% $378,000 -0.7% 46.8%
BRISBANE (SD) 2,049 $381,500 4.5% $362,000 2.3% 42.5%
BRISBANE CITY (LGA) 1,488 $400,000 2.7% $386,500 1.0% 38.0%
ALBION 6 N/A N/A $395,000 6.8% 59.6%
ALDERLEY 8 N/A N/A $367,500 2.0% 53.8%
ALGESTER 5 N/A N/A $320,000 4.2% 14.5%
ANNERLEY~ 20 $350,750 -8.2% $360,000 1.4% 50.6%
ASCOT~ 15 $465,000 20.8% $387,500 -1.9% 40.9%
ASHGROVE 8 N/A N/A $396,500 5.7% 25.9%
ASPLEY 5 N/A N/A $360,000 6.5% 41.5%
AUCHENFLOWER 22 $438,500 11.0% $430,000 -0.9% 45.8%
BALMORAL 4 N/A N/A $425,000 1.2% 32.8%
BARDON~* 11 $560,000 2.1% $530,250 N/A 39.5%
BOWENHILLS 7 N/A N/A $418,250 -1.6% 28.7%
BRACKENRIDGE 7 N/A N/A $349,750 0.0% 22.7%
BRISBANECITY~* 122 $456,000 2.0% $423,500 -7.9% 10.6%
BULIMBA~* 14 $491,750 -12.2% $508,000 6.9% 45.7%
CALAMVALE 12 $330,000 0.1% $350,000 0.1% 67.5%
CARINA 11 $432,000 4.1% $415,000 11.1% 37.4%
CARINAHEIGHTS~* 23 $475,000 17.3% $447,500 4.8% 64.2%
CARINDALE* 12 $518,750 16.2% $515,000 13.8% 89.3%
CARSELDINE 9 N/A N/A $360,000 N/A 28.6%
CHERMSIDE 27 $400,000 2.1% $407,500 5.8% 57.3%
CLAYFIELD 21 $365,000 0.0% $358,000 -0.6% 53.6%
COORPAROO 34 $375,000 -1.7% $362,250 0.6% 54.1%
CORINDA 4 N/A N/A $410,000 N/A 71.5%
EASTBRISBANE* 10 $424,250 -3.4% $392,500 14.6% 41.4%
EIGHTMILEPLAINS 17 $384,500 7.3% $368,500 5.9% 66.1%
ELLENGROVE 1 N/A N/A $334,000 N/A N/A
ENOGGERA 5 N/A N/A $391,000 -2.1% N/A
EVERTONPARK 13 $367,000 4.9% $352,250 0.9% 56.9%
FAIRFIELD 3 N/A N/A $432,500 N/A 19.5%
FORESTLAKE 2 N/A N/A $317,500 N/A N/A
FORTITUDEVALLEY 49 $421,000 8.8% $402,500 7.9% 33.6%
GAYTHORNE 12 $336,250 -3.7% $342,000 0.0% 57.2%
GORDONPARK 8 N/A N/A $343,750 -0.4% 38.9%
GREENSLOPES 24 $379,250 4.8% $365,000 -0.1% 55.5%
HAMILTON~ 8 N/A N/A $419,500 -9.6% 4.9%
HAWTHORNE 7 N/A N/A $424,500 0.1% 47.9%
HIGHGATEHILL 12 $407,500 -5.2% $411,250 -4.6% 46.9%
INDOOROOPILLY 30 $472,500 8.6% $435,000 12.4% 40.3%
KANGAROOPOINT 46 $497,500 5.2% $450,000 -2.6% 23.3%
KEDRON 10 $332,500 3.2% $322,250 -3.1% 47.1%
KELVINGROVE 26 $413,500 1.2% $425,000 6.5% 28.8%
KURABY 6 N/A N/A $317,000 3.9% 63.4%
LUTWYCHE 11 $361,100 N/A $352,500 4.4% 41.0%
MACGREGOR 5 N/A N/A $397,000 N/A N/A
MANLYWEST 3 N/A N/A $389,900 -2.4% 64.5%
MCDOWALL 1 N/A N/A $417,325 N/A N/A
MILTON~* 6 N/A N/A $400,000 -36.5% 29.0%
MOOROOKA 17 $329,000 -5.2% $330,000 0.0% 51.4%
MORNINGSIDE~ 28 $395,000 -10.8% $419,050 -1.4% 42.1%
MOUNTGRAVATTEAST 13 $360,000 2.8% $357,000 2.0% 41.7%
NEWFARM~ 53 $549,000 20.3% $460,000 -3.2% 29.0%
NEWMARKET 2 N/A N/A $416,000 6.4% 44.7%
NEWSTEAD* 59 $545,000 2.6% $530,000 -1.2% 43.2%
NORMANPARK 9 N/A N/A $468,000 N/A 61.4%
NORTHGATE* 6 N/A N/A $410,000 17.8% 86.4%
NUNDAH* 34 $380,000 -3.9% $415,000 21.9% 80.4%
OXLEY 8 N/A N/A $358,000 N/A 40.4%
PADDINGTON 11 $470,000 0.4% $444,000 3.3% 69.5%
REDHILL~ 4 N/A N/A $380,000 -7.3% 39.7%
RIVERHILLS 3 N/A N/A $431,500 N/A N/A
RUNCORN 16 $345,500 1.5% $332,000 3.8% 50.9%
SHERWOOD* 14 $400,000 -16.0% $427,700 N/A 71.1%
SOUTHBRISBANE~* 16 $388,750 -5.2% $399,250 -8.2% 19.5%
SPRINGHILL~ 29 $347,500 -13.1% $390,000 5.8% 47.2%
STLUCIA~ 31 $403,000 -12.4% $448,750 -1.4% 60.8%
STAFFORD~* 8 N/A N/A $359,350 -12.3% N/A
SUNNYBANK 2 N/A N/A $370,000 N/A 51.0%
SUNNYBANKHILLS~ 15 $420,000 19.5% $352,500 9.6% 67.9%
TAIGUM 22 $366,250 -1.4% $344,500 6.3% 58.0%
TARINGA 28 $422,500 6.4% $399,500 8.0% 53.6%
TINGALPA 11 $370,000 5.7% $344,500 -0.1% 53.1%
TOOWONG 37 $430,650 1.3% $415,000 0.4% 43.1%
UPPERMOUNTGRAVATT 14 $348,500 -0.4% $376,500 0.4% 48.8%
WAVELLHEIGHTS 6 N/A N/A $445,000 9.9% N/A
WESTEND* 24 $504,500 -2.0% $509,000 -9.9% 64.2%
WILSTON 4 N/A N/A $387,000 N/A N/A
WINDSOR 5 N/A N/A $349,000 -0.3% 31.7%
WISHART 8 N/A N/A $352,500 2.7% 44.6%
WOOLLOONGABBA* 13 $430,000 -1.1% $420,000 -7.3% 27.3%
WOOLOOWIN 6 N/A N/A $339,125 10.3% 44.3%
WYNNUM 12 $347,500 5.3% $360,000 3.3% 38.5%
WYNNUMWEST 11 $320,000 -1.5% $315,000 -3.1% 74.5%
YEERONGPILLY 6 N/A N/A $400,000 N/A N/A
YERONGA~ 17 $381,000 -7.2% $395,250 3.7% 48.0%
Please see page 36 for legend and further notes
www.reiq.com.auIssue 5 - March 2010 page 7
MARKETMONITORQ
UE
EN
SLA
ND
BRISBAnE CITY
UNITS & TOWNHOUSES continued 3 BEDROOM HOUSES
Suburbs/Localities
DecQtr2009NewBonds
DecQtr2008Rent($)
NewBonds
Rent($)Po
stcode
MEDIAN WEEKLY RENTS
VACANT URBAN LAND
Suburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
MEDIAN SALES DATA
BRISBANE CITY COUNCIL AREA 370 2,792 360 2,920
Bayside 360 145 360 167
4178 Lytton/Wynnum/WynnumWest 360 90 350 112
4179 Lota/Manly/ManlyWest 380 55 380 55
City Inner 445 215 450 230
4000 BrisbaneCity/SpringHill 500 14 500 19
4005 NewFarm 525 19 500 18
4006 BowenHills/FortitudeValley/Herston/Newstead 450 10 500 7
4064 Milton/Paddington 450 36 450 47
4066 Auchenflower/Toowong 400 35 410 37
4067 StLucia n.a. 4 425 11
4101 HighgateHill/SouthBrisbane/WestEnd 450 37 470 34
4102 Buranda/DuttonPark/Wooloongabba 380 32 400 19
4169 EastBrisbane/KangarooPoint 450 28 430 38
North - Inner 400 295 390 330
4007 Ascot/Hamilton 465 20 450 22
4010 Albion 400 9 380 6
4011 Clayfield/Hendra 470 38 465 39
4012 Nundah/Toombul/WavellHeights 380 75 375 78
4030 Lutwyche/Windsor/Wooloowin 400 57 430 52
4031 GordonPark/Kedron 390 33 380 43
4051 Alderley/Enogerra/Newmarket/Wilston/etc. 395 62 380 87
North - Outer 350 357 350 356
4013 Northgate 350 18 360 12
4014 Banyo/Nudgee/Virginia 350 35 360 29
4017 BrackenRidge/Brighton/Deagon/Sandgate/etc. 350 105 340 104
4018 Fitzgibbon/Taigum 360 17 350 22
4032 Chermside/ChermsideWest 360 57 350 54
4034 Aspley/Boondall/Carseldine/Geebung/Zillmere 350 107 350 111
4036 BaldHills 350 18 350 24
North West - Inner 420 92 440 100
4059 KelvinGrove/RedHill 450 36 460 46
4060 Ashgrove 395 30 440 31
4065 Bardon 390 26 395 23
North West - Outer 365 218 360 210
4053 EvertonPark/McDowall/Mitchelton/Stafford/etc. 360 128 360 143
4054 AranaHills/Keperra 360 44 340 35
4061 TheGap 390 46 380 32
South - Inner 375 368 370 350
4103 Annerley/Fairfield 400 39 390 41
4104 Yeronga 420 16 400 15
4105 Moorooka/Tennyson/Yeerongpilly 375 48 370 41
ZILLMERE 27 $355,000 2.6% $349,500 10.1% 66.4%
BRISBANE (SD) 957 $213,000 -5.7% $215,000 6.4% 38.7%
BRISBANE (SD) ^ 93 $375,000 10.8% $295,000 3.5% 52.8%
BRISBANE CITY (LGA) 204 $311,500 11.3% $280,000 -1.8% 33.3%
BRISBANE CITY (LGA) ^ 9 N/A N/A $460,000 -8.0% 16.5%
BANYO - N/A N/A $250,000 N/A N/A
BRIDGEMANDOWNS 8 $362,000 1.5% $349,500 6.7% 22.6%
CALAMVALE* 10 $335,000 7.7% $293,000 22.2% 34.7%
CARSELDINE* 14 $265,500 -5.2% $280,000 6.5% N/A
DOOLANDELLA 4 N/A N/A $222,000 -5.5% N/A
DREWVALE* 6 $250,000 -5.3% $260,000 N/A 40.5%
EIGHTMILEPLAINS* 10 $316,000 1.9% $315,000 -9.4% 12.5%
GUMDALE* 2 N/A N/A $323,000 17.5% N/A
HEATHWOOD* 4 N/A N/A $238,000 -8.1% 62.5%
INALA 1 N/A N/A $164,000 N/A N/A
KURABY 2 N/A N/A $321,000 N/A 21.1%
LOTA 1 N/A N/A $298,500 N/A N/A
MACKENZIE 4 N/A N/A $314,500 10.4% N/A
MANLYWEST 1 N/A N/A $291,000 1.0% 0.3%
MITCHELTON 3 N/A N/A $332,500 N/A N/A
MOGGILL* 8 $260,000 5.1% $245,000 2.1% 44.1%
NUDGEE - N/A N/A $235,000 N/A N/A
OXLEY* 5 $220,000 -11.0% $245,000 N/A N/A
RICHLANDS 4 N/A N/A $215,000 N/A N/A
SUNNYBANK* 5 $458,000 12.8% $438,000 N/A N/A
SUNNYBANKHILLS 2 N/A N/A $300,000 N/A 15.8%
TAIGUM 5 $260,000 N/A N/A N/A N/A
TINGALPA 1 N/A N/A $298,000 N/A N/A
UPPERKEDRON 5 $320,000 N/A N/A N/A N/A
WAKERLEY* 22 $325,000 16.1% $280,000 N/A 24.7%
WYNNUMWEST 6 $269,500 0.2% $268,500 N/A N/A
Please see page 36 for legend and further notes
www.reiq.com.auIssue 5 - March 2010 page 8
MARKETMONITORQ
UE
EN
SLA
ND
BRISBAnE CITY
Suburbs/Localities
DecQtr2009NewBonds
DecQtr2008Rent($)
NewBonds
Rent($)Po
stcode
MEDIAN WEEKLY RENTSSuburbs/Localities
DecQtr2009NewBonds
DecQtr2008Rent($)
NewBonds
Rent($)Po
stcode
MEDIAN WEEKLY RENTS
3 BEDROOM HOUSES continued
2 BEDROOM TOWNHOUSES
2 BEDROOM FLATS/UNITS continued
2 BEDROOM FLATS/UNITS
4120 Greenslopes 400 32 380 29
4121 HollandPark/HollandParkWest/Tarragindi 380 84 370 92
4122 Mansfield/MtGravatt/Wishart/etc. 360 149 360 132
South - Outer 350 267 340 309
4106 Rocklea 350 9 340 7
4107 Salisbury 350 25 350 31
4108 Archerfield/CoopersPlains 350 19 320 20
4109 Macgregor/Robertson/Sunnybank/etc. 350 90 350 84
4110 AcaciaRidge/Willawong 330 23 310 53
4112 Kuraby 350 8 340 7
4113 EightMilePlains/Runcorn 360 57 350 62
4115 Algester/Parkinson 355 17 340 21
4116 Calamvale/Drewvale/Stretton 370 19 350 24
South East - Inner 400 332 390 332
4151 Coorparoo 395 33 400 50
4152 CampHill/Carina/CarinaHeights/Carindale 380 144 385 126
4170 CannonHill/Morningside/NormanPark/etc. 420 99 380 98
4171 Balmoral/Bulimba/Hawthorne 440 39 440 42
4172 Murarrie 380 17 380 16
South East - Outer 375 48 360 52
4153 Belmont 365 8 380 7
4154 Gumdale/Ransome/Wakerley 440 5 400 8
4173 Tingalpa 370 26 350 25
4174 Hemmant 330 6 345 11
South West - Inner 380 138 380 116
4068 Chelmer/Indooroopilly/Taringa 395 60 390 37
4075 Corinda/Graceville/Oxley/Sherwood 370 78 370 79
South West - Outer 330 317 330 368
4069 Brookfield/ChapelHill/FigTreePocket/etc. 395 42 380 46
4070 Anstead/Bellbowrie/Moggill 350 10 320 11
4073 SeventeenMileRocks/SinnamonPark 380 12 380 12
4074 Jindalee/MtOmmaney/Sumner/Westlake/etc. 360 62 350 65
4076 Darra/Wacol 300 24 310 45
4077 Doolandella/Durack/Inala/Richlands 290 65 280 57
4078 EllenGrove/ForestLake 330 102 330 132
BRISBANE CITY COUNCIL AREA 355 3,550 350 3,634
Bayside 300 50 275 37
4178 Lytton/Wynnum/WynnumWest 305 35 280 26
4179 Lota/Manly/ManlyWest 265 15 265 11
City Inner 440 1,529 430 1,581
4000 BrisbaneCity/SpringHill 540 297 510 302
4005 NewFarm 410 183 390 206
4006 BowenHills/FortitudeValley/Herston/Newstead 445 286 450 300
4064 Milton/Paddington 360 62 360 63
4066 Auchenflower/Toowong 365 176 360 177
4067 StLucia 370 73 360 88
4101 HighgateHill/SouthBrisbane/WestEnd 450 237 450 205
4102 Buranda/DuttonPark/Wooloongabba 400 39 350 46
4169 EastBrisbane/KangarooPoint 425 176 440 194
North - Inner 320 649 320 676
4007 Ascot/Hamilton 330 122 340 96
4010 Albion 355 21 340 26
4011 Clayfield/Hendra 320 115 310 132
4012 Nundah/Toombul/WavellHeights 325 122 330 146
4030 Lutwyche/Windsor/Wooloowin 295 104 295 100
4031 GordonPark/Kedron 305 57 300 59
4051 Alderley/Enogerra/Newmarket/Wilston/etc. 330 108 310 117
North - Outer 310 175 295 185
4013 Northgate 270 17 275 19
4014 Banyo/Nudgee/Virginia 260 6 198 14
4017 BrackenRidge/Brighton/Deagon/Sandgate/etc. 300 17 250 21
4018 Fitzgibbon/Taigum 300 6 285 10
4032 Chermside/ChermsideWest 310 90 320 68
4034 Aspley/Boondall/Carseldine/Geebung/Zillmere 300 39 290 53
North West - Inner 340 125 350 107
4059 KelvinGrove/RedHill 335 83 350 56
4060 Ashgrove 350 36 370 46
4065 Bardon 335 6 230 5
North West - Outer 300 45 280 48
4053 EvertonPark/McDowall/Mitchelton/Stafford/etc. 310 42 280 47
South - Inner 310 379 300 366
4103 Annerley/Fairfield 310 100 295 98
4104 Yeronga 320 35 300 26
4105 Moorooka/Tennyson/Yeerongpilly 290 48 280 40
4120 Greenslopes 310 93 310 92
4121 HollandPark/HollandParkWest/Tarragindi 300 32 295 33
4122 Mansfield/MtGravatt/Wishart/etc. 360 64 350 73
South - Outer 300 45 320 36
4109 Macgregor/Robertson/Sunnybank/etc. 385 23 385 21
South East - Inner 330 332 330 383
4151 Coorparoo 310 134 310 149
4152 CampHill/Carina/CarinaHeights/Carindale 340 31 330 40
4170 CannonHill/Morningside/NormanPark/etc. 345 86 330 96
4171 Balmoral/Bulimba/Hawthorne 375 81 350 98
South East - Outer 285 8 285 12
4173 Tingalpa 285 7 280 7
South West - Inner 350 196 350 188
4068 Chelmer/Indooroopilly/Taringa 360 145 360 157
4075 Corinda/Graceville/Oxley/Sherwood 300 51 270 31
South West - Outer 325 17 325 15
4078 EllenGrove/ForestLake 330 9 335 6
BRISBANE CITY COUNCIL AREA 345 314 340 218
Bayside 350 5 340 6
City Inner 420 39 450 25
North - Inner 350 50 330 46
North - Outer 320 43 295 24
North West - Inner 365 10 n.a. 1
North West - Outer 320 18 300 20
South - Inner 330 45 320 16
South - Outer 320 24 310 16
South East - Inner 350 62 340 41
South East - Outer ^ n.a. 1 n.a. 2
South West - Inner 370 12 395 15
South West - Outer ^ 350 5 295 6
www.reiq.com.auIssue 5 - March 2010 page 9
MARKETMONITORQ
UE
EN
SLA
ND
BRISBAnE SURROUnDS
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
33
35
46
483
678
810
511
522
520
52
77
79
DEC 09
SEP 09
JUN 09
Gold Coast City - House Sales
<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
180
227
300
61
45
66
13
7
16
DEC 09
SEP 09
JUN 09
Bundaberg - House Sales
<$350k $350k+ $500k+
190
236
314
255
278
318
97
54
62
DEC 09
SEP 09
JUN 09
Townsville City - House Sales
<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
33
35
46
483
678
810
511
522
520
52
77
79
DEC 09
SEP 09
JUN 09
Gold Coast City - House Sales
<$350k $350k+ $500k+ $1m+
352
439
500
116
130
117
47
28
31
DEC 09
SEP 09
JUN 09
Toowoomba - House Sales
<$350k $350k+ $500k+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
180
227
300
61
45
66
13
7
16
DEC 09
SEP 09
JUN 09
Bundaberg - House Sales
<$350k $350k+ $500k+
80
93
79
67
88
68
21
27
15
DEC 09
SEP 09
JUN 09
Gladstone - House Sales
<$350k $350k+ $500k+
164
223
268
184
185
244
66
67
57
DEC 09
SEP 09
JUN 09
Cairns - House Sales
<$350k $350k+ $500k+
190
236
314
255
278
318
97
54
62
DEC 09
SEP 09
JUN 09
Townsville City - House Sales
<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
112
190
236
476
641
771
427
646
541
313
361
385
89
83
68
DEC 09
SEP 09
JUN 09
Gold Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
15
18
31
21
32
43
2
6
5
DEC 09
SEP 09
JUN 09
Bundaberg - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
23
49
41
76
90
109
19
25
28
DEC 09
SEP 09
JUN 09
Townsville - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
112
190
236
476
641
771
427
646
541
313
361
385
89
83
68
DEC 09
SEP 09
JUN 09
Gold Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
44
93
103
26
33
45
2
2
2
DEC 09
SEP 09
JUN 09
Toowoomba - Unit Sales<$250k $250k+ $500k+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
15
18
31
21
32
43
2
6
5
DEC 09
SEP 09
JUN 09
Bundaberg - Unit Sales<$250k $250k+ $500k+
5
10
10
14
17
20
6
3
1
DEC 09
SEP 09
JUN 09
Gladstone - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
23
49
41
76
90
109
19
25
28
DEC 09
SEP 09
JUN 09
Townsville - Unit Sales<$250k $250k+ $500k+
132
198
203
126
131
149
42
48
37
DEC 09
SEP 09
JUN 09
Cairns - Unit Sales<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
56
67
65
7
1
6
1
1
DEC 09
SEP 09
JUN 09
Bundaberg - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
94
148
156
21
19
9
5
3
1
DEC 09
SEP 09
JUN 09
Townsville City - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
122
159
273
60
75
96
8
12
9
5
25
16
DEC 09
SEP 09
JUN 09
Gold Coast - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
94
150
150
6
6
6
1
1
1
DEC 09
SEP 09
JUN 09
Toowoomba - Land Sales
<$250k $250k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
56
67
65
7
1
6
1
1
DEC 09
SEP 09
JUN 09
Bundaberg - Land Sales
<$250k $250k+ $500k+
63
27
22
2
6
2
1
1
1
DEC 09
SEP 09
JUN 09
Gladstone - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
94
148
156
21
19
9
5
3
1
DEC 09
SEP 09
JUN 09
Townsville City - Land Sales
<$250k $250k+ $500k+
90
106
143
18
14
11
6
3
1
DEC 09
SEP 09
JUN 09
Cairns - Land Sales<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
122
159
273
60
75
96
8
12
9
5
25
16
DEC 09
SEP 09
JUN 09
Gold Coast - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
Median house and unit prices Brisbane’s surrounds – which includes Logan City, Ipswich, Redland and Moreton Bay – all experienced positive median house price growth for the December quarter.
The phasing out of the FHOB, no doubt, hurried last-minute first home buyers to make the most of government handouts and snap up an affordable piece of real estate.
Moreton Bay was the stand-out performer for the Greater Brisbane region with a 3.4 per cent median increase to $400,000 and also recording the highest volume of sales at 1,094.
Deception Bay’s affordable median house price tag of $352,500 assisted a healthy increase of 10.2 per cent; while, Eaton’s Hill managed a 9.8 per cent gain for a median house price of $560,000.
Redland City was the top performer in the Greater Brisbane region for median house price growth for the year ending December 2009, with 2.3 per cent. This is on the back of a 0.2 per cent quarterly increase.
The Greater Brisbane unit and townhouse market fared well for the quarter, each region posting positive growth to its median price; however, each local government area experienced a lower volume of sales. It seems Ipswich’s median was only clawing back lost ground from the previous three quarters.
Popular with first-time buyers and young families, Logan City recorded the greatest change to median prices within the region with a 6.2 per cent increase to $275,000.
Woodridge’s affordable price tag of $205,000 and a median increase of 4.1 per cent, made for an attractive option amongst buyers; although, the suburb was still only regaining previous losses.
Deception Bay was the top performing suburb across Greater Brisbane posting 27.9 per cent median price growth over the quarter to $332,300 as a result of new and existing properties sold.
Median land pricesNot experiencing the same growth as houses or units and townhouses, land figures across most regions in Greater Brisbane all posted decreases to their median prices; all except Ipswich which recorded a 2.3 per cent increase to $179,000.
The Redland LGA, over 2009, increased by 193 per cent due to a large drop in sales on Russell Island (median of $40,000) and Macleay Island ($55,000) coupled with an increase in sales – new land releases - in Redland Bay ($260,000), Mount Cotton ($240,000) and Thornlands ($248,000).
Over the December quarter however, Russell and Macleay held steady whilst Birkdale and Cleveland dropped off.
The residential community, Brentwood, assisted Bellbird Park’s median price to grow 24.3 per cent to $210,000.
Median rentsThe median rent for a three-bedroom house in Moreton Bay increased $10 per week to $310 over the year, rent for this housing type has also increased $10 per week in Logan City to $320, remained steady at $270 and $350 per week for Ipswich and Redland City, respectively.
The median rent for a two-bedroom unit rose by $5 per week to $260 in Moreton Bay compared to December 2008, by $10 in Logan City to $240 per week, by $5 per week in Ipswich to $230 and $10 per week in Redland City to $310.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 5 - March 2010 page 10
MARKETMONITORQ
UE
EN
SLA
ND
BRISBAnE SURROUnDS
HOUSES continuedHOUSES
Suburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
Suburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATA
IPSWICH CITY (LGA) 487 $324,000 1.3% $320,000 1.6% 52.4%
IPSWICH CITY (LGA) ^ 29 $520,000 -3.7% $480,000 6.7% 41.2%
AUGUSTINEHEIGHTS* 4 N/A N/A $545,000 N/A N/A
BELLBIRDPARK 11 $310,000 -3.4% $330,000 2.3% 41.9%
BLACKSTONE 4 N/A N/A $322,500 N/A N/A
BOOVAL 12 $294,000 -0.7% $288,500 -1.7% 51.8%
BRASSALL~ 23 $338,000 2.0% $329,500 -4.5% 49.8%
BUNDAMBA~ 18 $266,000 -8.3% $283,000 2.0% 48.9%
CAMIRA 23 $365,000 9.8% $349,000 1.2% 39.6%
CHURCHILL~ 5 N/A N/A $250,000 -4.8% 40.4%
COALFALLS 4 N/A N/A $291,250 N/A N/A
COLLINGWOODPARK 19 $312,000 -4.0% $325,000 -1.5% 44.4%
EASTIPSWICH 11 $292,500 3.5% $280,000 -3.1% 53.8%
EASTERNHEIGHTS 20 $285,000 1.5% $280,000 4.9% 40.0%
FLINDERSVIEW 26 $410,000 9.3% $392,500 12.5% 48.1%
GAILES 4 N/A N/A $259,250 N/A 48.1%
GOODNA 22 $302,500 1.7% $296,000 -3.0% 61.7%
IPSWICH~ 13 $332,000 -11.5% $332,000 1.5% 58.5%
KARALEE^~ 7 $602,500 N/A $533,000 15.9% N/A
LEICHHARDT 12 $244,000 0.6% $247,000 -0.4% 48.8%
NEWTOWN 5 N/A N/A $322,500 -0.9% 46.6%
NORTHBOOVAL 9 $289,000 N/A $294,000 8.9% 68.0%
NORTHIPSWICH 11 $298,000 1.0% $285,000 -2.3% 54.1%
ONEMILE 5 N/A N/A $245,000 -2.0% 48.5%
RACEVIEW 26 $335,500 5.5% $315,000 3.3% 51.4%
REDBANKPLAINS 34 $315,000 1.0% $315,000 1.9% 64.1%
RIVERVIEW 7 $245,000 -1.0% $258,000 0.6% 63.3%
ROSEWOOD 8 $255,500 -3.6% $256,000 0.6% 33.3%
SADLIERSCROSSING 9 $328,000 N/A $300,000 -2.4% 41.5%
SILKSTONE 9 $280,000 -1.8% $276,000 -2.1% 49.2%
SPRINGFIELD 20 $360,250 0.1% $367,500 -3.3% 28.9%
SPRINGFIELDLAKES* 51 $410,000 4.1% $399,000 2.3% 26.7%
TIVOLI~ 10 $260,000 -10.7% $272,000 0.0% 59.1%
WOODEND 3 N/A N/A $310,000 1.6% 45.2%
WULKURAKA 7 $310,000 N/A $294,000 1.4% 1.4%
YAMANTO 15 $375,000 2.7% $350,000 6.1% 36.7%
LOGAN CITY (LGA) 655 $362,000 3.4% $350,000 2.0% 51.5%
LOGAN CITY (LGA) ^ 134 $522,500 7.7% $502,000 -1.6% 35.7%
BAHRSSCRUB 7 $399,000 -0.7% $416,500 N/A N/A
BEENLEIGH 29 $340,000 3.5% $330,000 -2.4% 50.0%
BERRINBA 10 $409,400 N/A $389,950 8.3% N/A
BETHANIA 20 $312,500 -3.0% $316,500 1.3% 48.6%
BORONIAHEIGHTS 22 $315,250 1.4% $317,000 3.4% 52.4%
BROWNSPLAINS 18 $338,000 6.0% $322,500 0.8% 48.6%
BUCCAN^ 4 N/A N/A $535,000 N/A 29.7%
CEDARGROVE^~ 8 $479,500 13.2% $423,500 3.3% 46.0%
CEDARVALE^ 12 $465,000 11.4% $424,500 1.3% 38.7%
CORNUBIA 28 $455,000 4.9% $470,000 1.6% 25.8%
CRESTMEAD 44 $322,500 2.4% $315,000 5.0% 60.3%
DAISYHILL 19 $395,000 1.3% $390,000 3.4% 40.1%
EAGLEBY 26 $285,000 -0.2% $287,000 -2.7% 57.7%
EDENSLANDING 11 $360,000 0.6% $356,000 -2.5% 45.3%
FORESTDALE^~ 4 N/A N/A $591,000 -9.4% 25.7%
GREENBANK^ 11 $555,000 9.6% $518,750 -5.3% 43.1%
HERITAGEPARK 16 $432,000 1.6% $399,000 5.0% 37.6%
HILLCREST 13 $342,500 1.0% $332,500 0.8% 47.8%
JIMBOOMBA^ 23 $485,000 10.5% $451,500 0.3% 36.8%
JIMBOOMBA~ 19 $365,000 -6.3% $413,500 10.0% 70.5%
KINGSTON 16 $307,500 6.5% $289,000 3.2% 63.3%
LOGANCENTRAL 12 $282,500 2.0% $275,000 -4.2% 52.8%
LOGANVILLAGE^ 7 $536,500 3.2% $502,500 0.5% 35.8%
LOGANHOLME 24 $381,500 3.1% $355,000 1.4% 40.3%
LOGANLEA 12 $325,000 4.3% $310,000 0.0% 63.2%
MARSDEN 22 $311,000 -2.8% $315,000 -0.9% 53.7%
MEADOWBROOK 4 N/A N/A $390,000 4.0% 34.5%
MOUNTWARRENPARK 13 $360,000 -0.8% $350,000 -1.8% 34.6%
MUNDOOLUN^~ 1 N/A N/A $473,000 -13.0% N/A
MUNRUBEN^~ 6 $497,000 -4.9% $497,000 -9.6% 30.8%
NEWBEITH^ 14 $527,500 -1.4% $531,000 8.6% 51.7%
PARKRIDGE^~ 4 N/A N/A $900,000 -17.4% 100.0%
PARKRIDGESOUTH^ 6 $536,500 N/A $500,000 1.0% 38.9%
REGENTSPARK 51 $368,000 1.8% $360,000 0.4% 46.9%
ROCHEDALESOUTH 47 $419,000 5.7% $400,000 3.9% 45.2%
SHAILERPARK 31 $515,000 12.0% $457,750 1.7% 30.8%
SLACKSCREEK 16 $294,000 1.7% $305,000 0.8% 38.6%
SPRINGWOOD 29 $430,000 4.9% $410,790 3.5% 43.6%
TAMBORINE^ 8 $563,750 6.9% $495,000 -6.8% 41.4%
TANAHMERAH~ 19 $398,000 -5.0% $400,000 3.2% 43.0%
UNDERWOOD~ 20 $445,000 -1.5% $406,000 -2.1% 29.3%
WATERFORD~ 8 $382,500 -15.9% $400,000 3.9% N/A
WATERFORDWEST 6 N/A N/A $328,000 5.6% 61.6%
WINDAROO 9 $435,000 7.4% $435,500 8.9% 40.0%
WOODRIDGE 25 $265,000 -0.9% $270,000 1.9% 54.3%
MORETON BAY (LGA) 1,094 $400,000 3.4% $383,500 1.7% 34.6%
MORETON BAY (LGA) ^ 127 $600,000 6.2% $570,000 -3.4% 28.1%
ALBANYCREEK 43 $499,000 5.6% $480,000 1.1% 33.3%
ARANAHILLS 27 $447,000 2.7% $435,000 0.0% 34.3%
BANKSIABEACH~f 34 $461,250 -6.8% $465,750 -4.0% 11.9%
BEACHMERE~f 15 $395,000 21.5% $355,250 -6.5% 38.0%
BELLARA 15 $355,000 6.0% $335,000 3.1% 8.4%
BELLMERE 22 $367,450 0.3% $359,900 4.3% 37.6%
BONGAREE~f 18 $367,500 -6.8% $377,000 -0.8% 6.5%
BRAYPARK 29 $375,000 2.7% $366,000 4.0% 43.2%
BURPENGARY 28 $394,000 0.1% $370,000 2.8% 39.6%
BURPENGARY^ 18 $547,500 1.4% $537,750 1.8% 27.9%
CABOOLTURE 42 $324,000 4.5% $305,000 0.0% 41.9%
CABOOLTURE^~ 6 $430,000 -13.1% $465,000 0.1% 20.0%
CABOOLTURESOUTH~ 23 $292,000 -8.2% $292,000 -0.7% 39.7%
CASHMERE 15 $540,000 2.3% $535,000 1.3% 34.9%
CASHMERE^ 11 $700,000 N/A $700,000 3.7% 43.0%
CLONTARF 25 $375,000 4.3% $368,000 5.1% 32.4%
DAYBORO 10 $409,000 N/A N/A N/A N/A
DECEPTIONBAY 56 $352,500 10.2% $325,000 1.6% 37.1%
EATONSHILL 21 $560,000 9.8% $515,000 1.0% 30.7%
ELIMBAH^ 7 $520,000 6.6% $497,500 4.5% 27.6%
EVERTONHILLS 20 $456,000 0.3% $434,224 -1.3% 40.1%
FERNYHILLS 38 $448,000 2.3% $434,000 0.9% 39.4%
GRIFFIN 10 $416,250 -0.9% $400,000 0.0% 31.6%
JOYNER~ 5 N/A N/A $450,000 -5.1% N/A
KALLANGUR 71 $355,000 0.6% $350,000 3.6% 39.2%
KIPPA-RING 32 $365,000 -3.3% $365,000 1.7% 32.7%
LAWNTON 21 $350,000 3.1% $345,000 4.5% 45.6%
MANGOHILL 14 $467,000 2.0% $457,000 7.6% 32.5%
MARGATE 30 $353,750 -5.7% $356,700 2.4% 32.2%
MORAYFIELD 51 $340,000 0.0% $337,250 1.7% 34.9%
MORAYFIELD^ 10 $620,000 2.9% $565,000 3.7% 35.7%
Please see page 36 for legend and further notes
www.reiq.com.auIssue 5 - March 2010 page 11
MARKETMONITORQ
UE
EN
SLA
ND
BRISBAnE SURROUnDS
Suburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
Suburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
UNITS & TOWNHOUSESVACANT URBAN LAND
MEDIAN SALES DATA MEDIAN SALES DATA
HOUSES continued UNITS & TOWNHOUSES continuedMURRUMBADOWNS~ 31 $418,000 -10.1% $425,000 3.8% 41.7%
NARANGBA 49 $440,000 -0.6% $430,000 1.8% 39.8%
NARANGBA^ - N/A N/A $625,000 N/A 58.2%
NEWPORT~f 14 $679,000 12.8% $750,000 N/A N/A
NINGI 7 $324,000 N/A $315,000 7.3% 29.8%
NINGI^ 9 $475,000 9.2% $477,500 1.4% N/A
NORTHLAKES 59 $445,000 2.3% $443,500 -1.4% N/A
PETRIE 29 $370,000 -4.4% $374,500 1.2% 41.3%
REDCLIFFE 31 $370,000 4.1% $351,000 -1.3% 27.6%
ROTHWELL 12 $369,150 -2.1% $380,000 0.0% 20.6%
SAMFORDVALLEY^~ 9 $830,000 15.6% $800,000 -5.9% 32.0%
SANDSTONEPOINT 17 $407,000 4.4% $395,000 3.3% 17.0%
SCARBOROUGH~f 36 $498,500 15.9% $430,000 -4.0% 23.5%
STRATHPINE 24 $350,000 -1.4% $346,750 2.0% 41.5%
UPPERCABOOLTURE 9 $350,000 N/A $342,750 -3.2% 20.0%
UPPERCABOOLTURE^ 5 $547,500 3.8% $538,000 1.5% 30.1%
WAMURAN^~ 6 $494,000 N/A $475,000 -14.4% 13.1%
WARNER 20 $459,500 3.3% $447,500 1.2% 33.6%
WOODFORD 6 N/A N/A $320,000 N/A 60.0%
WOODYPOINT~ 9 $356,000 -10.3% $370,000 3.9% 27.6%
WOORIM~f 7 $377,000 -6.9% $415,000 5.7% 18.6%
REDLAND CITY (LGA) 487 $460,900 0.2% $450,000 2.3% 32.4%
REDLAND CITY (LGA) ^ 21 $845,000 1.8% $832,000 4.0% 35.3%
ALEXANDRAHILLS 46 $416,000 0.2% $401,000 4.2% 39.4%
BIRKDALE~ 34 $484,444 -1.6% $450,000 -5.3% 28.6%
CAPALABA 42 $410,000 5.1% $407,000 0.5% 35.9%
CAPALABA^~ 5 $850,000 N/A $755,000 -3.8% 15.7%
CLEVELAND~f 47 $562,000 8.1% $505,000 -5.9% 17.4%
MACLEAYISLAND~f 19 $250,000 15.2% $240,000 -9.1% 31.5%
MOUNTCOTTON~ 32 $426,950 -7.8% $455,900 5.0% 47.1%
ORMISTON~f 17 $525,000 -20.8% $565,000 -0.9% 31.4%
REDLANDBAY 57 $480,000 -0.6% $485,000 -0.5% 31.4%
RUSSELLISLAND~f 11 $195,000 -18.1% $220,000 -9.1% 37.5%
THORNESIDE 15 $431,000 -4.6% $425,000 4.9% 40.5%
THORNLANDS 49 $563,000 6.2% $532,500 3.4% 25.4%
VICTORIAPOINT 55 $485,000 6.3% $459,000 3.1% 24.1%
WELLINGTONPOINT 46 $527,500 -0.3% $512,500 3.5% 25.0%
IPSWICH CITY (LGA) 59 $255,000 2.0% $255,000 -4.1% 59.4%
BELLBIRDPARK 2 N/A N/A $239,500 N/A 91.6%
BRASSALL 3 N/A N/A $275,000 3.0% 48.6%
GOODNA 4 N/A N/A $235,000 -0.4% 76.7%
REDBANKPLAINS 6 N/A N/A $262,000 12.9% 104.7%
LOGAN CITY (LGA) 159 $275,000 6.2% $262,000 4.4% 78.2%
DAISYHILL* 7 $284,500 N/A N/A N/A N/A
BEENLEIGH 6 N/A N/A $235,000 -3.5% 80.1%
BROWNSPLAINS 4 N/A N/A $295,000 N/A 93.4%
EAGLEBY* 5 N/A N/A $312,900 22.5% 139.8%
EDENSLANDING* 8 $270,000 -14.3% $248,500 N/A 65.7%
KINGSTON~ 7 $212,500 N/A $290,000 48.7% 134.8%
LOGANCENTRAL 4 N/A N/A $190,000 N/A 72.7%
LOGANLEA* 8 $239,000 N/A $289,000 N/A 131.2%
MARSDEN* 6 N/A N/A $350,000 N/A N/A
MOUNTWARRENPARK 11 $285,000 N/A $225,000 7.1% 54.6%
ROCHEDALESOUTH 9 $278,000 -6.4% $280,000 1.8% 63.7%
SHAILERPARK 6 N/A N/A $300,500 11.3% 75.0%
SLACKSCREEK~ 11 $244,000 8.4% $240,000 4.3% 54.8%
SPRINGWOOD 8 $292,500 2.6% $282,000 8.0% 62.1%
UNDERWOOD* 5 N/A N/A $369,000 0.4% 68.3%
WATERFORDWEST 3 N/A N/A $216,500 -7.5% 66.5%
WOODRIDGE 18 $205,000 4.1% $201,500 -4.0% 67.9%
MORETON BAY (LGA) 247 $330,000 3.1% $320,000 4.9% 42.2%
WOORIM 7 $340,000 N/A N/A N/A N/A
ARANAHILLS 9 $385,000 11.0% $360,000 N/A 53.2%
BELLARA 4 N/A N/A $295,000 N/A 18.0%
BONGAREE~ 22 $288,500 -11.2% $310,000 3.3% 19.2%
BRENDALE 13 $304,000 9.5% $281,500 -0.9% 54.9%
BURPENGARY 5 N/A N/A $279,900 1.8% 33.3%
CABOOLTURE*f 10 $204,500 -24.4% $284,500 15.2% 105.4%
CLONTARF* 11 $325,000 -7.1% $340,000 N/A N/A
DECEPTIONBAY* 18 $332,300 27.9% $260,260 -6.9% 15.7%
EVERTONHILLS 1 N/A N/A $379,000 N/A N/A
KALLANGUR 13 $330,000 -1.5% $345,500 -1.3% 58.5%
KIPPA-RING* 7 $283,000 -5.3% $331,475 20.5% 53.5%
LAWNTON 5 N/A N/A $257,000 -0.1% 48.1%
MARGATE 11 $450,000 N/A $387,500 7.6% 37.2%
MORAYFIELD 7 $253,000 N/A $238,000 N/A 42.5%
REDCLIFFE 25 $360,000 9.1% $330,000 -0.9% 15.8%
ROTHWELL 6 N/A N/A $326,000 N/A N/A
SCARBOROUGH*~f 18 $437,500 2.9% $410,000 3.8% 5.1%
STRATHPINE 2 N/A N/A $281,500 0.4% 40.8%
WOODYPOINT*~ 14 $377,500 -3.7% $380,000 24.6% 65.2%
REDLAND CITY (LGA) 96 $372,000 3.3% $350,000 4.5% 47.1%
BIRKDALE 5 N/A N/A $355,000 13.1% N/A
CAPALABA 10 $327,500 9.2% $305,000 -1.6% 54.8%
CLEVELAND*f 33 $385,000 -11.3% $410,000 17.1% 39.0%
ORMISTON 6 N/A N/A $345,000 1.5% 46.8%
POINTLOOKOUT 6 N/A N/A $422,500 N/A 43.2%
THORNESIDE 9 $320,000 7.6% $310,000 -1.6% 55.0%
THORNLANDS 10 $400,000 0.5% $395,000 N/A N/A
VICTORIAPOINT 11 $315,000 1.4% $315,000 -3.1% N/A
IPSWICH CITY (LGA) 186 $179,000 2.3% $173,000 1.8% 33.3%
IPSWICH CITY (LGA) ^ 8 N/A N/A $239,000 -7.0% 52.2%
AUGUSTINEHEIGHTS* 18 $215,000 -6.5% $224,000 -12.5% N/A
BELLBIRDPARK~ 7 $210,000 24.3% $195,000 9.6% N/A
BRASSALL* 9 $172,000 -4.4% $175,000 -2.5% 28.7%
BROOKWATER+*~ 9 $310,000 24.0% $306,000 0.3% N/A
BUNDAMBA* 6 $182,500 13.0% $165,000 4.1% N/A
CHUWAR 5 $199,000 N/A $195,000 -1.5% N/A
COLLINGWOODPARK 5 $163,000 7.2% $155,000 -11.4% 12.1%
GOODNA 18 $170,000 5.9% $170,000 3.0% 25.9%
KARALEE^ 2 N/A N/A $254,500 -1.9% 27.6%
NORTHBOOVAL 7 $187,000 5.6% $177,000 N/A N/A
NORTHIPSWICH 5 $185,000 N/A N/A N/A N/A
RACEVIEW - N/A N/A $154,000 -8.6% 49.7%
REDBANKPLAINS* 51 $174,000 -0.6% $170,000 2.5% 39.4%
ROSEWOOD - N/A N/A $141,000 -4.0% N/A
SPRINGFIELDLAKES* 43 $182,000 0.0% $168,000 3.7% 37.9%
Please see page 36 for legend and further notes
www.reiq.com.auIssue 5 - March 2010 page 12
MARKETMONITORQ
UE
EN
SLA
ND
BRISBAnE SURROUnDS
VACANT URBAN LAND continued 3 BEDROOM HOUSES
Suburbs/Localities
DecQtr2009NewBonds
DecQtr2008Rent($)
NewBonds
Rent($)Po
stcode
MEDIAN WEEKLY RENTS
IPSWICH CITY COUNCIL AREA 270 720 270 725
4300 Brookwater/Camira/SpringfieldLakes/etc. 300 176 300 145
4301 CollingwoodPark/Redbank/RedbankPlains 280 88 280 83
4303 Dinmore/Riverview 250 24 250 16
4304 Blackstone/Bundamba/Silkstone/etc. 260 72 250 81
4305 Brassall/Leichhardt/Raceview/Yamanto/etc. 265 297 260 336
4306 BarellanPoint/Karalee/Willowbank/etc. 275 36 285 45
4340 Ebenezer/Grandchester/Rosewood/etc. 260 24 250 17
LOGAN CITY COUNCIL AREA 320 851 310 916
4114 Kingston/LoganCentral/Woodridge 300 135 300 161
4118 BrownsPlains/HeritagePark/RegentsPark/etc. 320 101 300 90
4119 Underwood 320 7 320 13
4123 Rochedale/RochedaleSouth 340 47 350 60
4124 BoroniaHeights/Greenbank/NewBeith/etc. 335 43 300 54
4125 Munruben/ParkRidge/ParkRidgeSouth² 415 7 400 7
4127 DaisyHill/SlacksCreek/Springwood/etc. 345 78 340 85
4128 ShailerPark/TanahMerah 360 34 340 25
4129 Loganholme 330 34 335 18
4130 Carbrook/Cornubia 350 14 365 21
4131 Loganlea/Meadowbrook 320 30 310 30
4132 Crestmead/Marsden 310 75 300 101
4133 ChambersFlat/LoganReserve/Waterford/etc. 335 19 330 31
4205 Bethania 310 28 300 15
4207 Beenleigh/Eagleby/MtWarrenPark/etc. 300 173 300 179
4280 Jimboomba/NorthMaclean/SouthMaclean/etc. 360 26 340 23
MORETON BAY REGIONAL COUNCIL AREA 310 954 300 1,069
Caboolture Region 290 446 280 490
4504 Narangba 340 20 320 25
4505 Burpengary 310 29 310 25
4506 Moorina/Morayfield 290 54 280 64
4507 BanksiaBeach/Bellara/Bongaree/Woorim/etc. 320 56 285 62
4508 DeceptionBay 290 94 280 89
4510 Beachmere/Caboolture/UpperCaboolture/etc. 275 158 270 180
4511 GodwinBeach/Ningi/SandstonePt 320 16 300 15
4512 Bracalba/Wamuran/WamuranBasin 300 5 270 8
4514 D'Aguilar/DelaneysCk/Neurum/Woodford/etc. 290 10 n.a. 4
Pine Rivers Region 340 295 340 358
4035 AlbanyCreek/BridgemanDowns 360 26 350 41
4037 EatonsHill 425 7 360 8
4055 Bunya/FernyGrove/FernyHills/UpperKedron 370 29 350 38
4500 BrayPark/Cashmere/Strathpine/Warner/etc. 330 67 330 75
4501 Lawnton 330 15 310 15
4502 Petrie 320 18 320 25
4503 Dakabin/Griffin/Kallangur/MurrumbaDowns/etc. 320 74 320 83
4509 MangoHill/NorthLakes 350 45 350 49
4520 CampMountain/Highvale/SamfordVillage/etc. 465 9 380 14
4521 Dayboro/MtPleasant/OceanView/etc. 350 5 330 10
Redcliffe Region 310 213 310 221
4019 Clontarf/Margate/WoodyPoint 320 85 300 95
4020 Redcliffe/Scarborough 310 90 320 80
4021 Kippa-Ring 305 30 300 26
4022 Rothwell 315 8 300 20
REDLAND CITY COUNCIL AREA 350 360 350 308
4157 Capalaba/CapalabaWest/Sheldon 360 29 340 26
4158 Thorneside 355 15 350 9
4159 Birkdale 350 30 350 22
4160 Ormiston/WellingtonPoint 380 41 360 39
4161 AlexandraHills 360 54 350 43
Suburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
MEDIAN SALES DATA
LOGAN CITY (LGA) ~ * 105 $204,900 -9.7% $207,900 8.3% 48.5%
LOGAN CITY (LGA) ^ 33 $270,000 5.9% $238,000 -0.7% 52.1%
BAHRSSCRUB* 5 $245,000 N/A N/A N/A N/A
CORNUBIA 3 N/A N/A $223,000 N/A N/A
DAISYHILL* 5 $345,000 -1.4% $345,000 -1.4% N/A
EAGLEBY 4 N/A N/A $176,000 -7.4% N/A
GREENBANK^ 8 $254,500 -0.2% $235,000 -1.7% 49.2%
HILLCREST* 8 $214,000 N/A $198,500 N/A N/A
HOLMVIEW 4 N/A N/A $209,900 2.0% N/A
JIMBOOMBA* 14 $184,750 5.1% $185,000 N/A 105.6%
JIMBOOMBA^ 8 $218,000 N/A $198,000 N/A 32.0%
LOGANHOLME - N/A N/A $220,000 2.3% N/A
LOGANLEA 8 $197,000 N/A $195,000 N/A N/A
MARSDEN* 22 $190,900 1.5% $189,200 1.2% 35.1%
NEWBEITH^ 5 $286,000 N/A $250,000 5.0% 42.9%
TAMBORINE^ 1 N/A N/A $275,000 N/A 50.7%
UNDERWOOD* 11 $342,000 0.6% $332,500 4.2% N/A
WATERFORD* 7 $147,150 -29.9% $164,000 -9.9% 17.1%
MORETON BAY (LGA) 334 $200,000 -2.0% $205,000 -3.3% 24.2%
MORETON BAY (LGA) ^ 40 $417,000 6.9% $372,500 -2.0% 30.7%
BANKSIABEACH+*f 11 $305,000 -26.9% $414,000 27.4% -3.7%
BEACHMERE~ 3 N/A N/A $195,000 N/A N/A
BELLMERE 5 $199,900 2.5% $195,000 0.1% N/A
BRAYPARK - N/A N/A $220,000 N/A 22.2%
BUNYA^* 28 $462,500 N/A $462,500 N/A N/A
BURPENGARY 6 $235,000 6.8% $224,500 7.4% 32.1%
CABOOLTURE* 54 $194,000 2.9% $187,000 -4.5% 28.1%
CASHMERE* 11 $295,000 0.0% $295,000 N/A 59.5%
DECEPTIONBAY 5 $235,000 N/A $220,000 N/A 39.2%
GRIFFIN* 17 $194,000 -7.2% $205,000 -2.4% N/A
KALLANGUR 8 $197,500 9.0% $188,000 -14.0% N/A
MANGOHILL* 5 $247,500 N/A $240,000 9.9% 50.2%
MORAYFIELD 41 $190,200 0.1% $190,000 2.7% 31.0%
MURRUMBADOWNS* 2 N/A N/A $287,500 21.8% 22.3%
NARANGBA* 18 $229,400 -2.4% $229,900 11.5% 31.4%
NINGI 4 N/A N/A $225,000 2.3% N/A
NORTHLAKES* 92 $199,500 3.1% $199,000 -7.4% N/A
ROTHWELL*~ 2 N/A N/A $185,000 -10.6% 0.0%
SAMFORDVALLEY^~ 4 N/A N/A $525,000 N/A N/A
UPPERCABOOLTURE 6 $187,500 -3.1% $192,000 N/A N/A
WAMURAN^* 3 N/A N/A $250,000 N/A 66.7%
WARNER* 10 $238,500 -4.6% $230,000 6.0% 43.8%
REDLAND CITY (LGA) ~ * 128 $225,000 -11.8% $235,000 193.8% 446.5%
REDLAND CITY (LGA) ^ 3 N/A N/A $500,000 N/A 22.0%
MOUNTCOTTON* 3 N/A N/A $240,000 -20.0% N/A
BIRKDALE 4 N/A N/A $297,500 N/A 32.2%
CLEVELAND*f 1 N/A N/A $309,000 N/A -26.9%
MACLEAYISLAND~* 21 $53,000 -15.9% $55,000 -26.7% 4.3%
REDLANDBAY* 29 $252,000 -8.4% $260,000 -8.8% 20.9%
RUSSELLISLAND~ 36 $35,250 0.7% $40,000 -33.3% 81.8%
THORNLANDS~* 11 $340,000 -12.8% $248,000 -33.0% 0.0%
VICTORIAPOINT 11 $265,000 N/A $272,000 -4.9% 20.9%
WELLINGTONPOINT 5 $340,000 13.3% $335,000 N/A 19.6%
www.reiq.com.auIssue 5 - March 2010 page 13
MARKETMONITORQ
UE
EN
SLA
ND
3 BEDROOM HOUSES continued
BRISBAnE SURROUnDS
2 BEDROOM FLATS/UNITS continued
GOlD COAST CITY
Suburbs/Localities
DecQtr2009NewBonds
DecQtr2008Rent($)
NewBonds
Rent($)Po
stcode Suburbs/
LocalitiesDecQtr2009
NewBonds
DecQtr2008Rent($)
NewBonds
Rent($)Po
stcode
MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS
4163 Cleveland 370 48 375 37
4164 Thornlands 360 16 375 22
4165 MtCotton/RedlandBay/VictoriaPoint/etc. 350 56 350 54
4184 CoochiemudloIs/MacleayIs/RussellIs/etc. 225 67 240 53
IPSWICH CITY COUNCIL AREA 230 106 225 119
4300 Brookwater/Camira/SpringfieldLakes/etc. 230 19 230 17
4301 CollingwoodPark/Redbank/RedbankPlains 240 26 240 27
4304 Blackstone/Bundamba/Silkstone/etc. 220 18 220 21
4305 Brassall/Leichhardt/Raceview/Yamanto/etc. 200 40 215 50
LOGAN CITY COUNCIL AREA 240 236 230 268
4114 Kingston/LoganCentral/Woodridge 230 100 220 100
4123 Rochedale/RochedaleSouth 260 8 255 12
4127 DaisyHill/SlacksCreek/Springwood/etc. 280 33 280 32
4128 ShailerPark/TanahMerah 275 6 270 9
4131 Loganlea/Meadowbrook 235 5 n.a. 4
4132 Crestmead/Marsden 220 7 230 14
4133 ChambersFlat/LoganReserve/Waterford/etc. 240 8 230 6
4207 Beenleigh/Eagleby/MtWarrenPark/etc. 240 63 230 83
MORETON BAY REGIONAL COUNCIL AREA 260 441 255 353
Caboolture Region 250 162 240 127
4506 Moorina/Morayfield 240 5 n.a. 3
4507 BanksiaBeach/Bellara/Bongaree/Woorim/etc. 245 58 230 40
4508 DeceptionBay 280 32 260 15
4510 Beachmere/Caboolture/UpperCaboolture/etc. 250 60 260 58
Pine Rivers Region 275 101 260 58
4500 BrayPark/Cashmere/Strathpine/Warner/etc. 280 37 265 30
4501 Lawnton 250 12 n.a. 4
4502 Petrie 210 5 n.a. 3
4503 Dakabin/Griffin/Kallangur/MurrumbaDowns/etc. 280 44 250 19
Redcliffe Region 250 178 265 168
4019 Clontarf/Margate/WoodyPoint 250 82 250 66
4020 Redcliffe/Scarborough 250 93 280 96
REDLAND CITY COUNCIL AREA 310 79 300 71
4157 Capalaba/CapalabaWest/Sheldon 290 10 290 15
4158 Thorneside 295 5 295 7
4160 Ormiston/WellingtonPoint 320 5 310 10
4161 AlexandraHills 280 5 n.a. 3
4163 Cleveland 350 41 315 25
4183 Amity/Dunwich/NthStradbrokeIs/PointLookout 200 5 125 6
2 BEDROOM FLATS/UNITS
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
33
35
46
483
678
810
511
522
520
52
77
79
DEC 09
SEP 09
JUN 09
Gold Coast City - House Sales
<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
180
227
300
61
45
66
13
7
16
DEC 09
SEP 09
JUN 09
Bundaberg - House Sales
<$350k $350k+ $500k+
190
236
314
255
278
318
97
54
62
DEC 09
SEP 09
JUN 09
Townsville City - House Sales
<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
33
35
46
483
678
810
511
522
520
52
77
79
DEC 09
SEP 09
JUN 09
Gold Coast City - House Sales
<$350k $350k+ $500k+ $1m+
352
439
500
116
130
117
47
28
31
DEC 09
SEP 09
JUN 09
Toowoomba - House Sales
<$350k $350k+ $500k+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
180
227
300
61
45
66
13
7
16
DEC 09
SEP 09
JUN 09
Bundaberg - House Sales
<$350k $350k+ $500k+
80
93
79
67
88
68
21
27
15
DEC 09
SEP 09
JUN 09
Gladstone - House Sales
<$350k $350k+ $500k+
164
223
268
184
185
244
66
67
57
DEC 09
SEP 09
JUN 09
Cairns - House Sales
<$350k $350k+ $500k+
190
236
314
255
278
318
97
54
62
DEC 09
SEP 09
JUN 09
Townsville City - House Sales
<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
112
190
236
476
641
771
427
646
541
313
361
385
89
83
68
DEC 09
SEP 09
JUN 09
Gold Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
15
18
31
21
32
43
2
6
5
DEC 09
SEP 09
JUN 09
Bundaberg - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
23
49
41
76
90
109
19
25
28
DEC 09
SEP 09
JUN 09
Townsville - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
112
190
236
476
641
771
427
646
541
313
361
385
89
83
68
DEC 09
SEP 09
JUN 09
Gold Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
44
93
103
26
33
45
2
2
2
DEC 09
SEP 09
JUN 09
Toowoomba - Unit Sales<$250k $250k+ $500k+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
15
18
31
21
32
43
2
6
5
DEC 09
SEP 09
JUN 09
Bundaberg - Unit Sales<$250k $250k+ $500k+
5
10
10
14
17
20
6
3
1
DEC 09
SEP 09
JUN 09
Gladstone - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
23
49
41
76
90
109
19
25
28
DEC 09
SEP 09
JUN 09
Townsville - Unit Sales<$250k $250k+ $500k+
132
198
203
126
131
149
42
48
37
DEC 09
SEP 09
JUN 09
Cairns - Unit Sales<$250k $250k+ $500k+
Median house and unit pricesDuring the December quarter, the Gold Coast property market continued its upward lift after its third consecutive quarter of positive median house price growth.
After recovering some of the losses due to the global economic turmoil in late 2008 and 2009, optimistic results in the median house price are reflected in an increase of 5.2 per cent to $510,000 over the December quarter.
There is a resurgence of owner-occupiers and investors who are re-entering the market which should see an upward change in median prices and stronger capital growth.
Agents in the area are noticing plenty of interest among buyers; they just want to ensure their potential purchases are reflecting value for money. Buyers also seem to be more in-tune and educated with the property market and current prices.
The first home buyers who were dominating the property market earlier last year seem to have now been replaced by investors.
High performing suburbs over the December quarter were Currumbin Waters up 14.1 per cent to $525,000; Hollywell up 13.8 per cent to $535,000, and Paradise Point up 12.4 per cent to $625,000.
The unit and townhouse market recorded 300 more preliminary sales than houses over the quarter at 1,417, compared to 1,079 house sales. The Gold Coast median unit and townhouse price increased 3.3 per cent to $380,000 over the period.
Although units and townhouses are often the more affordable option for singles, families and first-time buyers, investors are dominating this segment and driving sales.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 5 - March 2010 page 14
MARKETMONITORQ
UE
EN
SLA
ND
GOlD COAST CITY
HOUSES HOUSES continued
Suburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
GOLD COAST CITY (LGA) 1,079 $510,000 5.2% $480,000 -2.0% 21.5%
GOLD COAST CITY (LGA) ^ 114 $691,250 0.5% $672,500 -1.5% 22.3%
ARUNDEL~ 26 $565,000 25.6% $465,000 -4.9% 22.4%
ASHMORE 38 $495,000 5.3% $472,000 0.6% 29.7%
BENOWA+*f 23 $715,000 0.0% $705,000 -9.2% 16.0%
BIGGERAWATERS 12 $551,250 8.6% $530,000 2.4% 24.3%
BONOGIN 3 N/A N/A $550,000 N/A 13.9%
BONOGIN^~ 12 $772,500 20.2% $660,000 3.7% 26.3%
BROADBEACHWATERS~ 31 $726,000 -18.0% $850,000 0.0% 33.9%
BUNDALL~ 21 $818,500 -6.5% $822,500 -13.4% 10.4%
BURLEIGHHEADS~ 13 $539,000 -9.0% $546,000 2.1% 7.1%
BURLEIGHWATERS 37 $557,500 1.7% $550,000 -4.3% 27.9%
CARRARA 30 $475,090 5.0% $447,000 -0.7% 30.0%
CLEARISLANDWATERS~ 10 $1,037,500 29.7% $865,000 -6.9% 26.3%
COOMBABAH 19 $425,000 1.9% $416,500 -3.5% 30.2%
COOMERA+*f 19 $570,000 -0.9% $575,000 -7.3% N/A
CURRUMBIN 6 N/A N/A $564,500 N/A N/A
CURRUMBINVALLEY^ 4 N/A N/A $750,000 N/A 5.2%
CURRUMBINWATERS 15 $525,000 14.1% $480,000 3.3% 21.8%
ELANORA 30 $516,750 5.2% $495,000 -1.0% 23.8%
GUANABA^ 6 $782,500 N/A N/A N/A N/A
HELENSVALE+*f 54 $531,250 8.0% $500,000 4.4% 25.6%
HIGHLANDPARK 18 $392,000 -2.0% $411,000 1.0% 27.9%
HOLLYWELL 7 $535,000 13.8% $535,000 0.4% 12.4%
HOPEISLAND+*f 23 $1,012,500 -21.2% $1,100,000 -6.4% 4.8%
JACOBSWELL 6 N/A N/A $412,000 -1.3% 30.8%
LABRADOR 10 $421,000 -1.6% $420,000 -1.2% 15.1%
LOWERBEECHMONT 5 N/A N/A $351,000 N/A N/A
MAUDSLAND~ 7 $433,000 -9.6% $434,300 1.9% 27.0%
MERMAIDBEACH~f 5 N/A N/A $1,035,000 -29.8% 10.7%
MERMAIDWATERS 29 $670,000 3.1% $630,000 -3.1% 18.1%
MERRIMAC 13 $428,000 5.0% $415,000 1.2% 30.3%
MIAMI 13 $545,000 4.8% $515,000 -1.0% 21.5%
MOLENDINAR 27 $495,000 0.4% $475,000 -3.1% 20.7%
MOUNTNATHAN^ 6 $663,500 N/A N/A N/A N/A
MUDGEERABA 29 $487,000 7.0% $450,000 -2.2% 29.5%
MUDGEERABA^~ 7 $607,000 -12.0% $637,500 0.8% 21.4%
NERANG 30 $384,000 -2.0% $379,500 0.5% 30.9%
NERANG^ 3 N/A N/A $678,000 N/A 9.4%
ORMEAU 47 $435,000 -4.0% $430,000 -2.3% 24.6%
ORMEAU^ 1 N/A N/A $634,250 -5.3% 18.0%
ORMEAUHILLS 10 $503,250 -5.9% $465,000 -0.3% N/A
OXENFORD 23 $440,000 -1.7% $439,000 1.9% 35.1%
PACIFICPINES 65 $457,500 -2.7% $455,000 -1.5% 28.2%
PALMBEACH 24 $532,500 -3.0% $525,000 -8.2% 22.1%
PARADISEPOINT 9 $625,000 12.4% $560,000 -6.7% -8.9%
PARKWOOD 25 $490,000 5.6% $472,500 3.8% 26.5%
PIMPAMA 7 $395,000 N/A $390,000 N/A N/A
PIMPAMA^~ 6 $587,500 N/A $565,000 -23.1% 10.8%
REEDYCREEK 16 $651,000 8.8% $617,500 1.2% 45.5%
ROBINA 59 $540,000 -2.4% $530,000 -0.9% 20.5%
RUNAWAYBAY~ 22 $642,500 10.8% $715,000 -16.2% -0.7%
SOUTHPORT 44 $464,500 3.8% $455,000 -2.2% 28.2%
SOVEREIGNISLAND 6 N/A N/A $2,342,500 -1.4% 23.9%
SURFERSPARADISE~f 12 $667,500 -52.0% $1,238,000 -30.3% -1.0%
TALLAI^~ 5 $685,000 -23.5% $700,000 2.6% 9.4%
TALLEBUDGERA^ 11 $680,000 0.7% $709,000 1.6% 31.3%
TALLEBUDGERAVALLEY^ 6 $704,000 0.3% N/A N/A N/A
TUGUN 12 $468,500 -2.6% $451,750 -11.4% 22.1%
UPPERCOOMERA 71 $437,500 5.6% $413,394 -0.6% 33.4%
VARSITYLAKES 29 $490,000 6.3% $464,750 -4.4% 16.8%
WORONGARY 5 N/A N/A $403,500 4.0% 33.2%
WORONGARY^ 9 $705,000 4.1% $620,000 2.3% 33.3%
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
56
67
65
7
1
6
1
1
DEC 09
SEP 09
JUN 09
Bundaberg - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
94
148
156
21
19
9
5
3
1
DEC 09
SEP 09
JUN 09
Townsville City - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
122
159
273
60
75
96
8
12
9
5
25
16
DEC 09
SEP 09
JUN 09
Gold Coast - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
94
150
150
6
6
6
1
1
1
DEC 09
SEP 09
JUN 09
Toowoomba - Land Sales
<$250k $250k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
56
67
65
7
1
6
1
1
DEC 09
SEP 09
JUN 09
Bundaberg - Land Sales
<$250k $250k+ $500k+
63
27
22
2
6
2
1
1
1
DEC 09
SEP 09
JUN 09
Gladstone - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
94
148
156
21
19
9
5
3
1
DEC 09
SEP 09
JUN 09
Townsville City - Land Sales
<$250k $250k+ $500k+
90
106
143
18
14
11
6
3
1
DEC 09
SEP 09
JUN 09
Cairns - Land Sales<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
122
159
273
60
75
96
8
12
9
5
25
16
DEC 09
SEP 09
JUN 09
Gold Coast - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
A varying quality of stock combined with new and waterfront properties reflected a positive median price change in suburbs like Carrara, Coolangatta and Robina of 28.7 per cent, 17.3 per cent and 12.1 per cent, respectively.
While the median price in Surfers Paradise wasn’t far above the previous quarter’s result, the suburb recorded the highest number of sales, approximately 12 per cent of the total number of unit and townhouse sales on the Gold Coast for the December quarter.
Median land pricesBased on 202 preliminary sales and a lack of inner city land available, there was a median price increase of 0.4 per cent to $242,000 in vacant urban land on the Gold Coast.
There is a shortage of vacant urban land which needs to be developed to keep up with the demand and population growth.
With some new stock on the market, Reedy Creek was the star performer for the December quarter with a 17.2 per cent median price increase.
Median rentsAgents in the area are reporting signs of a healthier rental market with lower than normal vacancy rates. Demand for a rental property is strong across all price brackets.
The median rent for a three-bedroom house increased $10 per week to $400 since December 2008; while the median rent for a two-bedroom unit remained the same at $340 per week.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 5 - March 2010 page 15
MARKETMONITORQ
UE
EN
SLA
ND
GOlD COAST CITY
UNITS & TOWNHOUSES
GOLD COAST CITY COUNCIL AREA 400 1,012 390 1,152
4208 JacobsWell/Ormeau/OrmeauHills/etc. 350 24 355 26
4209 Coomera/Pimpama/UpperCoomera/WillowVale 360 66 355 111
4210 Guanaba/Maudsland/Oxenford/Wongawallan 380 22 380 21
4211 Carrara/HighlandPark/Nerang/PacificPines/etc. 380 117 380 134
4212 Helensvale/HopeIsland 440 48 390 61
4213 Bonogin/Mudgeeraba/Tallai/Worongary/etc. 400 54 380 57
4214 Arundel/Ashmore/Molendinar/Parkwood 395 87 395 113
4215 Labrador/Southport 380 101 365 108
4216 BiggeraWaters/ParadisePt/RunawayBay/etc. 390 61 380 71
4217 Benowa/MainBeach/SurfersParadise/etc. 510 49 500 57
4218 Broadbeach/MermaidBeach/MermaidWates/etc. 460 78 450 79
4220 BurleighHeads/BurleighWaters/Miami 425 70 420 86
4221 Elanora/PalmBeach 400 60 400 64
4223 Currumbin/CurrumbinValley/CurrumbinWaters 430 23 380 34
4224 Tugun 390 13 380 10
4225 Bilinga/Coolangatta 365 7 n.a. 3
4226 ClearIslandWaters/Merrimac/Robina 420 85 400 63
4227 ReedyCreek/VarsityLakes 410 44 420 48
GOLD COAST CITY COUNCIL AREA 340 2,555 340 2,397
4209 Coomera/Pimpama/UpperCoomera/WillowVale 290 5 300 7
4210 Guanaba/Maudsland/Oxenford/Wongawallan 285 10 275 6
4211 Carrara/HighlandPark/Nerang/PacificPines/etc. 290 42 285 29
4212 Helensvale/HopeIsland 355 88 390 40
4213 Bonogin/Mudgeeraba/Tallai/Worongary/etc. 350 5 n.a. 2
4214 Arundel/Ashmore/Molendinar/Parkwood 300 12 300 12
4215 Labrador/Southport 330 562 350 582
4216 BiggeraWaters/ParadisePt/RunawayBay/etc. 320 185 330 178
4217 Benowa/MainBeach/SurfersParadise/etc. 380 509 370 506
4218 Broadbeach/MermaidBeach/MermaidWates/etc. 330 409 330 380
4220 BurleighHeads/BurleighWaters/Miami 350 226 340 205
4221 Elanora/PalmBeach 300 150 285 150
4223 Currumbin/CurrumbinValley/CurrumbinWaters 350 28 355 26
4224 Tugun 305 48 295 44
4225 Bilinga/Coolangatta 300 129 300 152
4226 ClearIslandWaters/Merrimac/Robina 380 85 385 39
4227 ReedyCreek/VarsityLakes 400 59 380 38
VACANT URBAN LAND continued
Suburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
3 BEDROOM HOUSES
Suburbs/Localities
DecQtr2009NewBonds
DecQtr2008Rent($)
NewBonds
Rent($)Po
stcode
MEDIAN WEEKLY RENTS
2 BEDROOM FLATS/UNITS
VACANT URBAN LAND
GOLD COAST CITY (LGA) 1,417 $380,000 3.3% $360,250 -3.3% 20.5%
ARUNDEL 16 $347,750 10.2% $320,000 0.7% 45.5%
ASHMORE 16 $322,500 -2.9% $311,350 2.2% 38.4%
BENOWA-* 12 $455,000 N/A $450,000 28.9% 12.5%
BIGGERAWATERS 37 $395,000 11.3% $365,000 8.1% 27.0%
BILINGA*f 4 N/A N/A $481,000 -12.5% 20.3%
BROADBEACH 65 $440,000 -4.3% $454,500 4.5% 12.2%
BROADBEACHWATERS 8 $442,250 2.0% $413,700 6.8% 41.1%
BUNDALL~* 8 $456,000 N/A $322,000 -18.2% 15.4%
BURLEIGHHEADS 62 $398,750 -2.7% $397,500 -6.9% 16.9%
BURLEIGHWATERS* 20 $375,000 3.3% $360,000 -8.9% 32.1%
CARRARA*f 50 $437,500 28.7% $372,000 -10.0% 22.0%
CLEARISLANDWATERS 6 N/A N/A $389,000 -7.2% 18.2%
COOLANGATTAf 48 $467,500 17.3% $440,000 -2.2% 14.3%
COOMBABAH 25 $337,000 2.1% $319,250 1.3% 38.8%
COOMERA-*f 16 $354,900 10.9% $349,000 23.3% 39.3%
CURRUMBIN~* 9 $365,000 1.4% $385,000 -19.8% 20.5%
CURRUMBINWATERS 14 $367,500 11.5% $323,000 -7.3% 29.5%
ELANORA 7 $340,000 5.6% $325,000 5.9% 34.9%
EPHRAIMISLAND*f 12 $1,212,500 N/A $1,050,000 -4.5% -2.8%
HELENSVALE-*f 16 $309,000 -7.8% $398,750 15.6% 81.3%
HIGHLANDPARK 5 N/A N/A $285,000 0.0% 35.1%
HOLLYWELL*f 10 $895,000 5.0% $710,000 N/A N/A
HOPEISLAND-*f 53 $430,000 -17.3% $530,000 -8.6% 11.6%
LABRADOR 86 $315,000 -3.1% $315,000 -1.6% 23.5%
MAINBEACHf 33 $610,000 4.3% $590,000 -9.2% 11.8%
MERMAIDBEACHf 33 $317,500 -14.0% $360,500 -4.9% 15.9%
MERMAIDWATERS 21 $354,000 4.7% $316,750 -2.7% 34.2%
MERRIMAC 18 $327,500 5.6% $315,000 0.0% 37.0%
MIAMI 31 $380,000 7.3% $370,000 -2.6% 28.5%
MOLENDINAR 3 N/A N/A $342,250 -2.0% 30.4%
MUDGEERABA 23 $352,000 2.9% $340,000 -5.6% 41.7%
NERANG 22 $290,750 8.1% $285,000 -5.8% 35.7%
ORMEAU 11 $376,500 7.7% $352,000 -1.3% 42.9%
OXENFORD 18 $296,500 2.2% $290,000 1.3% 41.5%
PACIFICPINES 12 $357,500 2.1% $360,000 -1.4% 42.9%
PALMBEACH 45 $360,000 -5.3% $367,000 6.4% 28.8%
PARADISEPOINT¹~f 12 $364,500 -26.4% $364,500 2.2% 18.7%
PIMPAMA 4 N/A N/A $343,000 N/A N/A
REEDYCREEK 8 $315,000 2.4% $300,000 -1.6% 37.6%
ROBINA~ 40 $479,500 12.1% $445,000 4.0% 37.8%
RUNAWAYBAYf 24 $382,750 -6.1% $410,700 -9.7% -2.0%
SOUTHPORT 92 $371,000 -4.1% $365,000 -3.9% 26.5%
SURFERSPARADISE 171 $350,000 0.4% $355,000 -4.1% 9.2%
TUGUN 17 $360,000 0.0% $419,500 2.2% 27.7%
UPPERCOOMERA* 23 $291,500 -7.5% $308,000 -6.7% 17.1%
VARSITYLAKES 49 $390,000 0.6% $388,000 0.8% 11.0%
GOLD COAST CITY (LGA) f 202 $242,875 0.4% $235,000 -8.6% 20.5%
GOLD COAST CITY (LGA) ^ ~ 22 $332,500 -5.7% $360,000 -22.6% 10.1%
COOMERA+*f 32 $255,950 1.6% $250,000 -3.8% 13.6%
GILSTON 3 N/A N/A $220,450 -6.5% N/A
HELENSVALE+*f 11 $235,000 -16.7% $290,000 -48.7% -38.3%
HOPEISLAND+*f 25 $330,000 -52.5% $550,000 -4.3% -15.4%
MAUDSLAND 3 N/A N/A $240,280 N/A 33.1%
MAUDSLAND^ 4 N/A N/A $370,000 N/A 48.3%
ORMEAU* 17 $250,000 4.2% $220,000 -12.2% 31.7%
OXENFORD 12 $235,000 7.3% $230,000 0.0% 1.1%
PACIFICPINES* 42 $240,875 1.5% $229,000 -7.7% 20.5%
PIMPAMA 16 $212,500 -2.3% $220,000 N/A N/A
REEDYCREEK* 11 $340,000 17.2% $300,000 -9.9% 17.2%
SOVEREIGNISLAND*f 4 N/A N/A $1,212,500 N/A 32.2%
UPPERCOOMERA* 39 $233,000 -0.9% $225,000 -8.2% 21.6%
Please see page 36 for legend and further notes
www.reiq.com.auIssue 5 - March 2010 page 16
MARKETMONITORQ
UE
EN
SLA
ND
GOlD COAST CITY
Suburbs/Localities
DecQtr2009NewBonds
DecQtr2008Rent($)
NewBonds
Rent($)Po
stcode Suburbs/
LocalitiesDecQtr2009
NewBonds
DecQtr2008Rent($)
NewBonds
Rent($)Po
stcode
MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS
2 BEDROOM TOWNHOUSES continued2 BEDROOM TOWNHOUSES
TOOWOOMBA REGIOnAl
GOLD COAST CITY COUNCIL AREA 300 292 300 245
4209 Coomera/Pimpama/UpperCoomera/WillowVale 300 7 290 5
4210 Guanaba/Maudsland/Oxenford/Wongawallan 300 5 280 8
4211 Carrara/HighlandPark/Nerang/PacificPines/etc. 280 37 275 22
4212 Helensvale/HopeIsland 365 7 345 5
4214 Arundel/Ashmore/Molendinar/Parkwood 310 27 310 17
4215 Labrador/Southport 300 75 300 62
4216 BiggeraWaters/ParadisePt/RunawayBay/etc. 290 30 290 23
4217 Benowa/MainBeach/SurfersParadise/etc. 310 12 320 18
4218 Broadbeach/MermaidBeach/MermaidWates/etc. 330 27 310 29
4220 BurleighHeads/BurleighWaters/Miami 320 20 320 19
4221 Elanora/PalmBeach 300 14 290 10
4223 Currumbin/CurrumbinValley/CurrumbinWaters 300 6 n.a. 3
4224 Tugun 305 7 290 5
4226 ClearIslandWaters/Merrimac/Robina 290 6 n.a. 4
4227 ReedyCreek/VarsityLakes 300 10 290 8
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
33
35
46
483
678
810
511
522
520
52
77
79
DEC 09
SEP 09
JUN 09
Gold Coast City - House Sales
<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
180
227
300
61
45
66
13
7
16
DEC 09
SEP 09
JUN 09
Bundaberg - House Sales
<$350k $350k+ $500k+
190
236
314
255
278
318
97
54
62
DEC 09
SEP 09
JUN 09
Townsville City - House Sales
<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
33
35
46
483
678
810
511
522
520
52
77
79
DEC 09
SEP 09
JUN 09
Gold Coast City - House Sales
<$350k $350k+ $500k+ $1m+
352
439
500
116
130
117
47
28
31
DEC 09
SEP 09
JUN 09
Toowoomba - House Sales
<$350k $350k+ $500k+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
180
227
300
61
45
66
13
7
16
DEC 09
SEP 09
JUN 09
Bundaberg - House Sales
<$350k $350k+ $500k+
80
93
79
67
88
68
21
27
15
DEC 09
SEP 09
JUN 09
Gladstone - House Sales
<$350k $350k+ $500k+
164
223
268
184
185
244
66
67
57
DEC 09
SEP 09
JUN 09
Cairns - House Sales
<$350k $350k+ $500k+
190
236
314
255
278
318
97
54
62
DEC 09
SEP 09
JUN 09
Townsville City - House Sales
<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
112
190
236
476
641
771
427
646
541
313
361
385
89
83
68
DEC 09
SEP 09
JUN 09
Gold Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
15
18
31
21
32
43
2
6
5
DEC 09
SEP 09
JUN 09
Bundaberg - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
23
49
41
76
90
109
19
25
28
DEC 09
SEP 09
JUN 09
Townsville - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
112
190
236
476
641
771
427
646
541
313
361
385
89
83
68
DEC 09
SEP 09
JUN 09
Gold Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
44
93
103
26
33
45
2
2
2
DEC 09
SEP 09
JUN 09
Toowoomba - Unit Sales<$250k $250k+ $500k+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
15
18
31
21
32
43
2
6
5
DEC 09
SEP 09
JUN 09
Bundaberg - Unit Sales<$250k $250k+ $500k+
5
10
10
14
17
20
6
3
1
DEC 09
SEP 09
JUN 09
Gladstone - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
23
49
41
76
90
109
19
25
28
DEC 09
SEP 09
JUN 09
Townsville - Unit Sales<$250k $250k+ $500k+
132
198
203
126
131
149
42
48
37
DEC 09
SEP 09
JUN 09
Cairns - Unit Sales<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
56
67
65
7
1
6
1
1
DEC 09
SEP 09
JUN 09
Bundaberg - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
94
148
156
21
19
9
5
3
1
DEC 09
SEP 09
JUN 09
Townsville City - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
122
159
273
60
75
96
8
12
9
5
25
16
DEC 09
SEP 09
JUN 09
Gold Coast - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
94
150
150
6
6
6
1
1
1
DEC 09
SEP 09
JUN 09
Toowoomba - Land Sales
<$250k $250k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
56
67
65
7
1
6
1
1
DEC 09
SEP 09
JUN 09
Bundaberg - Land Sales
<$250k $250k+ $500k+
63
27
22
2
6
2
1
1
1
DEC 09
SEP 09
JUN 09
Gladstone - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
94
148
156
21
19
9
5
3
1
DEC 09
SEP 09
JUN 09
Townsville City - Land Sales
<$250k $250k+ $500k+
90
106
143
18
14
11
6
3
1
DEC 09
SEP 09
JUN 09
Cairns - Land Sales<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
122
159
273
60
75
96
8
12
9
5
25
16
DEC 09
SEP 09
JUN 09
Gold Coast - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
Median house and unit prices Continuing on from its positive growth over the year, the Toowoomba local government area posted a 5.7 per cent increase in median house prices for the December quarter to $295,000. Toowoomba’s median house price for the year ending December 2009 was up 7.2 per cent.
This, undoubtedly, has plenty to do with the Surat Basin and its proximity to Toowoomba which should strengthen the growth of the area within the next few years.
The 40-billion tonnes of untapped coal will drive the economic future of the region attracting investors and developers as, by 2011, the Surat Basin will be Australia’s largest energy province. Also, Toowoomba’s water supply is now flowing from the South East Queensland grid which is set to ease the city’s previous water problems.
It’s safe to say that Toowoomba has weathered the ‘global financial storm’ by defying odds and avoiding decreases in median house prices recorded in many other areas over the past 12 months.
Not much activity has been reported from first-time buyers, although there are still ample amounts of reasonably priced property which will provide a more affordable transition into the real estate market for this segment of the market.
Within the Toowoomba LGA, Newtown convincingly recorded the highest number of preliminary house sales for the quarter at 55, with an increase of 8.6 per cent to $265,000. Because of its relative affordability, and its proximity to the CBD, the suburb generally attracts attention from first home buyers.
Toowoomba’s unit and townhouse market posted a healthy 9.7 per cent median price increase to $237,500 over the quarter. A lack of supply, coupled with extra associated fees for owning a unit or townhouse, are dissuading potential buyers.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 5 - March 2010 page 17
MARKETMONITORQ
UE
EN
SLA
ND
TOOWOOMBA REGIOnAl
2 BEDROOM FLATS/UNITS
TOOWOOMBA REGIONAL COUNCIL AREA 250 500 240 632
4350 Athol 255 369 240 467
4352 Amiens 290 28 275 50
4355 Anduramba 200 9 200 13
4356 Bongeen 220 18 185 19
4357 Bringalily 215 6 210 12
4358 Cambooya 220 8 200 9
4361 BackPlains 185 6 175 8
4401 Acland 235 37 235 27
TOOWOOMBA REGIONAL COUNCIL AREA 185 317 175 316
4350 Athol 185 300 175 293
4401 Acland 175 8 160 6
3 BEDROOM HOUSES
Suburbs/Localities
DecQtr2009NewBonds
DecQtr2008Rent($)
NewBonds
Rent($)Po
stcode
MEDIAN WEEKLY RENTS
HOUSES UNITS & TOWNHOUSES continued
Suburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
UNITS & TOWNHOUSES
VACANT URBAN LAND
TOOWOOMBA (LGA) 515 $295,000 5.7% $280,000 7.2% 37.9%
TOOWOOMBA (LGA) ^ 58 $404,000 -1.5% $400,000 6.7% 35.1%
CENTENARYHEIGHTS 22 $312,000 4.3% $282,500 5.6% 27.8%
CLIFTON~ 7 $225,000 28.6% $182,500 -3.9% 63.7%
CROWSNEST~ 8 $225,000 -11.4% $230,000 4.5% 48.4%
DARLINGHEIGHTS 16 $307,000 9.6% $282,500 4.6% 20.2%
EASTTOOWOOMBA~ 28 $375,000 -7.4% $370,000 4.5% 39.6%
GLENVALE 14 $329,000 3.5% $315,500 11.8% 41.5%
GLENVALE^ 2 N/A N/A $468,750 N/A 32.0%
HARLAXTON~ 10 $297,750 29.5% $228,750 -2.7% 36.6%
HARRISTOWN 31 $255,000 -0.2% $250,000 5.0% 35.1%
HIGHFIELDS 17 $420,000 -1.4% $415,750 7.2% 14.2%
HIGHFIELDS^ 26 $445,000 8.5% $439,500 11.3% 37.3%
KEARNEYSSPRING 29 $325,000 5.9% $304,000 9.0% 26.4%
KINGSTHORPE~ 8 $273,500 -5.0% $253,000 N/A 58.6%
MERINGANDANWEST 4 N/A N/A $320,000 N/A N/A
MERINGANDANWEST^ 2 N/A N/A $327,250 N/A 40.8%
MIDDLERIDGE~ 25 $492,000 19.3% $429,500 9.6% 30.2%
MOUNTLOFTY~ 14 $385,425 42.5% $338,500 8.3% 36.2%
NEWTOWN 55 $265,000 8.6% $243,000 5.7% 40.5%
NORTHTOOWOOMBA~ 15 $229,000 -9.3% $236,500 1.3% 35.1%
OAKEY~ 16 $237,750 26.8% $202,500 9.5% 53.4%
PITTSWORTH~ 10 $248,000 -19.6% $263,000 11.9% 83.0%
RANGEVILLE 46 $405,500 15.9% $370,000 10.4% 41.5%
ROCKVILLE 12 $243,000 6.1% $249,000 10.7% 45.6%
SOUTHTOOWOOMBA 25 $270,000 6.1% $256,250 4.6% 39.3%
TOOWOOMBACITY 7 $242,500 5.4% $255,000 -1.5% 34.2%
WESTBROOK 6 N/A N/A $373,000 1.5% 33.2%
WILSONTON~ 31 $270,000 -8.2% $263,250 8.3% 38.6%
WILSONTONHEIGHTS~ 15 $234,000 -6.8% $235,000 6.1% 31.8%
WYREEMA 2 N/A N/A $305,000 26.2% 71.3%
TOOWOOMBA (LGA) 78 $237,500 9.7% $225,000 3.7% 44.2%
CENTENARYHEIGHTS 4 N/A N/A $243,500 N/A 1.5%
DARLINGHEIGHTS 1 N/A N/A $240,000 N/A N/A
EASTTOOWOOMBA~ 6 N/A N/A $212,500 -21.3% 41.7%
HARLAXTON 1 N/A N/A $155,000 N/A N/A
KEARNEYSSPRING* 8 $267,000 21.1% $246,500 13.1% 32.5%
NEWTOWN 13 $209,000 -3.0% $216,000 8.0% 54.3%
RANGEVILLE 8 $253,750 N/A $280,000 1.3% 32.1%
TOOWOOMBACITY~ 6 N/A N/A $204,000 -18.4% 47.0%
WILSONTON 9 $232,000 -3.3% $230,000 1.8% 42.6%
TOOWOOMBA (LGA) * 101 $133,000 10.8% $127,000 29.6% 42.7%
TOOWOOMBA (LGA) ^ 43 $165,000 6.5% $160,000 14.3% 60.0%
GLENVALE* 13 $135,000 0.0% $126,000 26.0% 68.0%
GOWRIEJUNCTION^ 2 N/A N/A $135,000 N/A N/A
HARRISTOWN 5 $129,000 -0.4% $129,000 N/A N/A
HIGHFIELDS* 32 $137,500 7.8% $127,500 1.6% 21.4%
HIGHFIELDS^ 2 N/A N/A $162,000 8.0% N/A
KLEINTON 5 $132,000 1.5% $129,250 N/A N/A
MIDDLERIDGE~* 9 $205,000 N/A $164,000 N/A -23.4%
OAKEY 1 N/A N/A $59,500 -4.0% 42.5%
WESTBROOK 4 N/A N/A $107,500 10.3% 18.3%
WILSONTONHEIGHTS* 10 $130,000 N/A N/A N/A N/A
Median land prices Toowoomba’s vacant urban land market is characterised by a lack of supply which generally drives prices upward.
The supply issues have resulted in the median price for vacant urban land surging to $133,000 - up 10.8 per cent for the quarter and 29.6 per cent over the year ending December.
New vacant urban land at Highfields has resulted in the median land price for this area increasing 7.8 per cent over the period to $137,500. Sales of land in Highfields represent about one-third of all preliminary land sales in the region.
Median rents The Toowoomba/Darling Downs rental market has held strong driven by rising median house prices. Investors are still looking for good returns and benefiting from capital growth which is set to continue. The region is still very affordable; however, the anticipated growth in the region’s housing market may see rents rise over the next few years.
The median rent for a three-bedroom house in Toowoomba increased $10 per week to $250 over 2009, and the median rent for a two-bedroom unit also jumped up $10 to $185.
www.reiq.com.auIssue 5 - March 2010 page 18
MARKETMONITORQ
UE
EN
SLA
ND
SUnSHInE COAST REGIOnAl
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
33
35
46
483
678
810
511
522
520
52
77
79
DEC 09
SEP 09
JUN 09
Gold Coast City - House Sales
<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
180
227
300
61
45
66
13
7
16
DEC 09
SEP 09
JUN 09
Bundaberg - House Sales
<$350k $350k+ $500k+
190
236
314
255
278
318
97
54
62
DEC 09
SEP 09
JUN 09
Townsville City - House Sales
<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
33
35
46
483
678
810
511
522
520
52
77
79
DEC 09
SEP 09
JUN 09
Gold Coast City - House Sales
<$350k $350k+ $500k+ $1m+
352
439
500
116
130
117
47
28
31
DEC 09
SEP 09
JUN 09
Toowoomba - House Sales
<$350k $350k+ $500k+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
180
227
300
61
45
66
13
7
16
DEC 09
SEP 09
JUN 09
Bundaberg - House Sales
<$350k $350k+ $500k+
80
93
79
67
88
68
21
27
15
DEC 09
SEP 09
JUN 09
Gladstone - House Sales
<$350k $350k+ $500k+
164
223
268
184
185
244
66
67
57
DEC 09
SEP 09
JUN 09
Cairns - House Sales
<$350k $350k+ $500k+
190
236
314
255
278
318
97
54
62
DEC 09
SEP 09
JUN 09
Townsville City - House Sales
<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
112
190
236
476
641
771
427
646
541
313
361
385
89
83
68
DEC 09
SEP 09
JUN 09
Gold Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
15
18
31
21
32
43
2
6
5
DEC 09
SEP 09
JUN 09
Bundaberg - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
23
49
41
76
90
109
19
25
28
DEC 09
SEP 09
JUN 09
Townsville - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
112
190
236
476
641
771
427
646
541
313
361
385
89
83
68
DEC 09
SEP 09
JUN 09
Gold Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
44
93
103
26
33
45
2
2
2
DEC 09
SEP 09
JUN 09
Toowoomba - Unit Sales<$250k $250k+ $500k+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
15
18
31
21
32
43
2
6
5
DEC 09
SEP 09
JUN 09
Bundaberg - Unit Sales<$250k $250k+ $500k+
5
10
10
14
17
20
6
3
1
DEC 09
SEP 09
JUN 09
Gladstone - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
23
49
41
76
90
109
19
25
28
DEC 09
SEP 09
JUN 09
Townsville - Unit Sales<$250k $250k+ $500k+
132
198
203
126
131
149
42
48
37
DEC 09
SEP 09
JUN 09
Cairns - Unit Sales<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
56
67
65
7
1
6
1
1
DEC 09
SEP 09
JUN 09
Bundaberg - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
94
148
156
21
19
9
5
3
1
DEC 09
SEP 09
JUN 09
Townsville City - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
122
159
273
60
75
96
8
12
9
5
25
16
DEC 09
SEP 09
JUN 09
Gold Coast - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
94
150
150
6
6
6
1
1
1
DEC 09
SEP 09
JUN 09
Toowoomba - Land Sales
<$250k $250k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
56
67
65
7
1
6
1
1
DEC 09
SEP 09
JUN 09
Bundaberg - Land Sales
<$250k $250k+ $500k+
63
27
22
2
6
2
1
1
1
DEC 09
SEP 09
JUN 09
Gladstone - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
94
148
156
21
19
9
5
3
1
DEC 09
SEP 09
JUN 09
Townsville City - Land Sales
<$250k $250k+ $500k+
90
106
143
18
14
11
6
3
1
DEC 09
SEP 09
JUN 09
Cairns - Land Sales<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
122
159
273
60
75
96
8
12
9
5
25
16
DEC 09
SEP 09
JUN 09
Gold Coast - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
Median house and unit prices The Sunshine Coast experienced a positive December quarter with median house prices increasing 3.3 per cent to $475,000.
For the December quarter, 144 less preliminary sales were recorded indicating a lack of turnover of house sales, rather than the price of property. Buyers are more educated and astute with the property market and are aware of what constitutes value for money.
Agents in the area are reporting prompt sales of properties listed at reasonably affordable prices and say it is currently a somewhat balanced market neither in the favour of the buyer or the seller.
First home buyers are tapering off after the expiration of the government’s financial buying incentives.
Buderim accounted for almost 14 per cent of the total sales in the Sunshine Coast LGA with 108 preliminary house sales.
Buderim is a diverse, popular suburb, with properties ranging from $250,000 - $8 million and offering proximity to schools, retail and pleasant views.
High performing suburbs over the December quarter were Mount Coolum up 16 per cent to $470,000; Nambour up 8.3 per cent to $383,000, and Maroochydore up 7.1 per cent to $455,000.
For an emerging suburb, Little Mountain was a strong performer recording 28 preliminary sales with a median house price of $473,000.
The Sunshine Coast median unit and townhouse price continued its upward growth trend recording four consecutive quarterly increases for 2009.
The unit and townhouse market recorded robust results over the quarter with its median price up by 5.6 per cent to $380,000.
Agents in the area are reporting a high proportion of quality stock becoming available. Approximately 35 per cent of residential sales on the Sunshine Coast were units and townhouses.
Investors are still attracted to this market, especially properties with water views, or, at least, close to the beach.
Units and townhouses on the Sunshine Coast are strong performers amongst first home buyers as they provide an affordable entry point into the market.
Median land prices Developers underpinned the Sunshine Coast vacant urban land market over the December quarter with its median price increasing 2 per cent to $255,000, and recording a rise of 4.3 per cent for the year ending December 2009.
Boasting the best of both worlds; natural bushland to the south and coastline to the north, activity at Brightwater Estate at Mountain Creek, has helped record attractive figures for this segment of the market over the year.
Pelican Waters with new waterfront blocks also contributed to the quarterly growth in median price for the area, up 13.3% to $340,000.
Median rents The median rent for a three-bedroom house on the Sunshine Coast remained the same at $360 per week in 2009, and the median rent for a two-bedroom unit dropped slightly by $5 to $290.
Agents are reporting that the rental market has been tight for quite some time with vacancy rates across most agencies at around 1 per cent to 2 per cent. However, the situation is nowhere near the desperate times of 12 to 18 months ago when it was very difficult for tenants to find property.
Although the rental market is tight, there is a steady stream of vacant properties coming onto the market.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 5 - March 2010 page 19
MARKETMONITORQ
UE
EN
SLA
ND
VACANT URBAN LAND
SUnSHInE COAST REGIOnAl
HOUSES
Suburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
HOUSES continuedSUNSHINE COAST (LGA) 787 $475,000 3.3% $455,000 -2.2% 19.7%
SUNSHINE COAST (LGA) ^ 172 $561,000 4.9% $550,000 -5.1% 29.4%
ALEXANDRAHEADLAND~ 5 N/A N/A $710,000 -9.0% 44.9%
AROONA 7 $420,000 6.3% $420,500 -5.5% 18.5%
BATTERYHILL~ 10 $395,250 -3.6% $394,000 -8.4% 15.9%
BEERWAH 15 $395,000 -1.9% $400,000 0.5% 55.3%
BLIBLI 20 $412,500 3.4% $398,000 2.2% 30.5%
BUDDINA~f 16 $892,500 76.7% $576,250 -7.1% 20.1%
BUDERIM 108 $540,000 2.9% $525,000 1.0% 25.0%
BUDERIM^~ 6 $664,000 N/A $675,000 N/A -10.9%
BURNSIDE 7 $433,000 N/A $370,000 6.2% 37.0%
CALOUNDRA 6 N/A N/A $437,000 N/A 18.1%
CALOUNDRAWEST 23 $430,000 1.2% $420,000 1.4% 20.0%
COESCREEK 6 N/A N/A $370,000 -3.9% 25.4%
COOLUMBEACH~f 22 $515,000 10.0% $470,000 -7.8% 23.8%
COOROY^ 2 N/A N/A $497,500 N/A N/A
COOROY~ 10 $416,725 N/A $397,000 -7.9% 29.8%
CURRIMUNDI 18 $440,000 3.5% $426,500 -3.0% 20.1%
DOONAN^~ 9 $620,000 -6.8% $630,000 -4.9% 17.3%
DULONG^ 5 $547,317 N/A N/A N/A N/A
EUMUNDI^ 5 $685,000 N/A $575,000 N/A 15.0%
GLASSHOUSEMOUNTAINS 10 $419,500 -4.4% $440,000 6.0% 49.2%
GLASSHOUSEMOUNTAINS^ 6 $489,500 -2.1% $435,000 6.3% 23.4%
GLENVIEW^ 1 N/A N/A $566,750 N/A 31.8%
GOLDENBEACH 14 $463,000 4.0% $445,000 -3.3% 18.7%
KULUIN 5 N/A N/A $397,050 -0.1% 28.1%
LAKEMACDONALD^~ 8 $477,500 N/A $442,500 -40.8% 4.8%
LANDSBOROUGH 11 $395,000 5.9% $365,000 0.0% 35.4%
LANDSBOROUGH^ 3 N/A N/A $440,000 N/A 33.3%
LITTLEMOUNTAIN 28 $473,000 2.8% $470,000 2.2% 28.9%
MALENY 9 $485,000 7.8% $437,000 5.3% 37.1%
MALENY^ 3 N/A N/A $597,500 N/A 32.6%
MARCOOLA~ 8 $442,500 -8.8% $435,000 N/A -2.2%
MAROOCHYDORE 17 $455,000 7.1% $440,000 0.0% 22.2%
MERIDANPLAINS~ 10 $424,500 -5.4% $430,000 -8.5% N/A
MINYAMA~f 5 N/A N/A $960,000 23.9% -14.3%
MOFFATBEACH~f 5 N/A N/A $494,500 -12.9% 7.4%
MOOLOOLABA~f 15 $720,000 22.6% $580,000 2.7% 10.5%
MOOLOOLAHVALLEY 5 N/A N/A $395,000 4.2% 33.9%
MOOLOOLAHVALLEY^~ 6 $466,500 N/A $500,000 -12.3% 28.7%
MOUNTCOOLUM 13 $470,000 16.0% $467,500 2.2% 24.7%
MOUNTAINCREEK 33 $515,000 1.3% $477,500 1.6% 18.4%
MUDJIMBA 5 N/A N/A $520,000 N/A 16.2%
NAMBOUR 26 $383,000 8.3% $345,000 -2.1% 38.0%
NOOSAHEADS~ 14 $610,000 -13.2% $650,000 -12.5% 9.2%
NOOSAVILLE 17 $725,000 -4.6% $734,000 -0.5% 5.6%
PACIFICPARADISE 8 $410,000 N/A $365,000 -2.0% 27.0%
PALMWOODS 8 $420,000 -4.3% $430,000 -6.5% 17.8%
PALMWOODS^ 4 N/A N/A $673,000 N/A 66.2%
PARREARRA~ 21 $475,000 -15.2% $517,500 -4.2% 10.1%
PEACHESTER^ 4 N/A N/A $475,000 N/A N/A
PELICANWATERS 19 $600,000 1.5% $600,000 2.1% 16.2%
PEREGIANBEACH~f 12 $560,000 0.0% $555,000 -9.4% -2.6%
PEREGIANSPRINGS~ 13 $483,000 -10.7% $505,000 -12.9% -7.3%
POMONA^~ 7 $590,000 20.4% $500,000 0.0% 37.0%
SIPPYDOWNS 31 $445,000 3.5% $430,000 0.5% 27.7%
SUNRISEBEACH 12 $547,000 N/A $605,000 -2.4% 13.5%
SUNSHINEBEACHf 3 N/A N/A $750,000 N/A -8.5%
TEWANTIN~ 33 $430,000 -6.8% $432,750 -3.8% 14.9%
TWINWATERS~ 12 $605,000 -14.8% $643,500 2.5% 22.0%
WARANA 14 $485,000 0.5% $481,225 -3.8% 25.8%
WITTA^ 6 $509,500 N/A $517,000 0.0% 37.0%
WOOMBYE~ 11 $358,500 -12.6% $379,000 -7.6% 25.3%
WURTULLA 18 $480,000 6.2% $462,000 10.8% 26.6%
YANDINA 2 N/A N/A $365,000 N/A 35.2%
YAROOMBA 5 N/A N/A $490,000 N/A 10.1%
SUNSHINE COAST (LGA) 531 $380,000 5.6% $357,500 0.7% 10.0%
TWINWATERS 5 N/A N/A $525,000 N/A -16.3%
ALEXANDRAHEADLAND~ 23 $318,000 -12.2% $320,000 -2.4% 8.8%
BATTERYHILL 3 N/A N/A $268,000 2.0% 19.1%
BUDDINA 2 N/A N/A $385,000 N/A 35.1%
BUDERIM 29 $343,000 -7.3% $352,750 -2.0% 23.8%
CALOUNDRA*f 29 $452,000 27.3% $380,000 -5.0% -1.3%
CALOUNDRAWEST 5 N/A N/A $309,000 -2.7% 36.3%
COOLUMBEACH~ 13 $380,000 16.9% $347,500 -7.3% -3.5%
CURRIMUNDI~ 4 N/A N/A $357,450 3.6% N/A
GOLDENBEACH~f 10 $502,500 53.7% $350,000 -9.1% 5.3%
KINGSBEACH 37 $465,000 10.8% $420,000 -6.7% 19.3%
MARCOOLA~* 9 $420,000 -0.4% $346,000 15.5% 0.8%
MAROOCHYDORE 87 $367,000 11.2% $350,500 1.6% 11.6%
MINYAMA~ 4 N/A N/A $302,500 2.4% 14.2%
MOOLOOLABA 47 $368,000 4.0% $360,000 5.1% 11.6%
MOUNTCOOLUM 8 $337,500 N/A $320,000 -0.4% 0.0%
MOUNTAINCREEK 2 N/A N/A $282,000 -1.9% 20.0%
MUDJIMBA 5 N/A N/A $390,000 -13.3% -13.3%
NAMBOUR 8 $285,250 1.9% $256,000 3.4% 66.8%
NOOSAHEADS~* 31 $620,000 0.0% $570,000 -3.0% -16.2%
NOOSAVILLE~* 41 $400,000 22.1% $355,000 1.4% 10.9%
PARREARRA~ 9 $355,000 -11.5% $432,500 0.1% 20.0%
PELICANWATERS 9 $480,000 12.1% $450,000 N/A -5.7%
PEREGIANBEACH~ 6 N/A N/A $444,000 13.8% 32.5%
PEREGIANSPRINGS-* 7 $457,900 14.2% $407,900 N/A -9.8%
SIPPYDOWNS 8 $199,000 1.5% $196,250 -1.9% -9.8%
SUNRISEBEACH 9 $367,150 -3.2% $389,675 11.0% 18.5%
SUNSHINEBEACH~f 11 $534,000 -11.0% $542,000 -17.9% 4.2%
TEWANTIN 11 $310,000 5.1% $307,500 -1.6% 32.5%
WARANA 4 N/A N/A $314,000 1.0% 24.4%
SUNSHINE COAST (LGA) 205 $255,000 2.0% $245,000 4.3% 9.9%
SUNSHINE COAST (LGA) ^ ~ 23 $345,000 22.3% $330,000 -5.7% 20.0%
BEERWAH 11 $190,000 2.7% $185,500 -4.4% 54.6%
BLIBLI 15 $249,500 N/A $246,750 N/A 29.9%
BUDERIM~ 9 $234,000 -8.6% $273,750 4.3% 6.7%
BURNSIDE 6 $188,750 N/A $182,500 6.2% N/A
CALOUNDRAWEST 4 N/A N/A $250,000 10.6% 36.7%
COOLUMBEACH~ 4 N/A N/A $262,500 N/A 9.5%
COOROY 2 N/A N/A $218,500 -4.0% N/A
KULUIN 6 $233,000 N/A N/A N/A N/A
LITTLEMOUNTAIN~ 13 $250,000 0.6% $253,000 3.5% 31.8%
MALENY 4 N/A N/A $220,000 -5.2% 13.7%
MOUNTCOOLUM* 15 $355,500 N/A $342,000 -6.2% N/A
MOUNTAINCREEK* 1 N/A N/A $225,000 N/A -3.0%
NAMBOUR 3 N/A N/A $188,500 7.7% N/A
NOOSAVILLE~*f 8 $327,500 -22.9% $291,500 -32.2% -54.0%
PALMWOODS 6 $211,000 N/A N/A N/A N/A
UNITS & TOWNHOUSES
Please see page 36 for legend and further notes
www.reiq.com.auIssue 5 - March 2010 page 20
MARKETMONITORQ
UE
EN
SLA
ND
SUnSHInE COAST REGIOnAl
fRASER COAST REGIOnAl
3 BEDROOM HOUSES continued
MEDIAN RENTSSuburbs/Localities
DecQtr2009NewBonds
DecQtr2008Rent($)
NewBonds
Rent($)Po
stcode
MEDIAN RENTSSuburbs/Localities
DecQtr2009NewBonds
DecQtr2008Rent($)
NewBonds
Rent($)Po
stcode
3 BEDROOM HOUSES SUNSHINE COAST REGIONAL COUNCIL AREA 360 1,060 360 984
Caloundra (coastal region) 360 276 370 264
4551 Currimundi/GoldenBeach/MoffatBeach/etc. 350 166 360 152
4575 Bokarina/Minyama/Parrearra/Wurtulla/etc. 365 110 375 112
Caloundra (inland region) 320 77 310 82
4518 GlassHouseMountains 320 8 330 9
4519 Beerwah/CoochinCreek/Peachester/etc. 315 18 310 21
4550 Landsborough/MtMellum 320 12 300 9
4552 Conondale/Maleny/Reesville/Witta/etc. 325 23 310 29
4553 Glenview/MooloolahValley/Palmview/etc. 350 15 340 14
Maroochy (coastal region) 360 457 350 439
4555 Chevallum/Hunchy/Palmwoods 345 20 350 19
4556 Buderim/ForestGlen/SippyDowns/Tanawha/etc. 360 119 380 98
4557 Mooloolaba/MountainCreek 390 42 370 41
4558 Kuluin/Maroochydore 360 46 350 46
4560 BliBli/Burnside/Montville/Nambour/etc. 330 95 330 89
4564 Marcoola/Mudjimba/PacificParadise/etc. 360 34 350 34
4572 AlexandraHeadland 370 9 390 7
4573 CoolumBeach/PeregianSprings/Yaroomba/etc. 370 88 360 95
Maroochy (inland region) 360 40 350 45
4561 Ninderry/NorthArm/Yandina/YandinaCreek/etc. 330 14 350 18
4562 BelliPark/Doonan/EerwahVale/Eumundi/etc. 375 16 380 21
4574 Gheerulla/Kenilworth/ObiObi/etc. 235 6 n.a. 4
2 BEDROOM TOWNHOUSES
VACANT URBAN LAND continued
Suburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
MEDIAN SALES DATA
PELICANWATERS*f 17 $340,000 13.3% $320,000 -7.9% -13.5%
PEREGIANSPRINGS+ 30 $265,000 -5.4% $275,000 0.0% 0.5%
SIPPYDOWNS 8 $226,500 -0.7% $219,000 -2.7% 29.6%
WOOMBYE~ 5 $227,500 1.1% $212,000 -2.5% 20.3%
YAROOMBA 6 $338,750 N/A N/A N/A N/A
Noosa (coastal region) 370 165 380 109
4565 BoreenPoint/Cootharaba/Tewantin/etc. 350 72 360 49
4566 Noosaville 420 35 395 25
4567 NoosaHeads/SunriseBch/SunshineBch/etc. 420 58 390 35
Noosa (inland region) 330 45 320 45
4563 BlackMountain/Cooroy/LakeMacdonald/etc. 350 20 330 22
4568 Federal/Pinbarren/Pomona 350 12 320 16
4569 Cooran 290 10 290 5
SUNSHINE COAST REGIONAL COUNCIL AREA 290 904 295 803
Caloundra (coastal region) 280 213 290 174
4551 Currimundi/GoldenBeach/MoffatBeach/etc. 280 165 280 136
4575 Bokarina/Minyama/Parrearra/Wurtulla/etc. 330 48 360 38
Caloundra (inland region) 200 7 260 5
Maroochy (coastal region) 290 566 290 504
4556 Buderim/ForestGlen/SippyDowns/Tanawha/etc. 280 39 260 24
4557 Mooloolaba/MountainCreek 280 135 285 113
4558 Kuluin/Maroochydore 290 156 305 136
4559 Diddillibah/KielsMountain/Woombye/etc. 260 11 250 11
4560 BliBli/Burnside/Montville/Nambour/etc. 230 39 240 42
4564 Marcoola/Mudjimba/PacificParadise/etc. 320 59 310 48
4572 AlexandraHeadland 320 54 325 61
4573 CoolumBeach/PeregianSprings/Yaroomba/etc. 285 72 280 67
Maroochy (inland region) 250 5 n.a. 4
4561 Ninderry/NorthArm/Yandina/YandinaCreek/etc. 250 5 n.a. 4
Noosa (coastal region) 310 111 300 114
4565 BoreenPoint/Cootharaba/Tewantin/etc. 285 6 250 11
4566 Noosaville 300 45 320 33
4567 NoosaHeads/SunriseBch/SunshineBch/etc. 320 60 300 70
Noosa (inland region) n.a. 2 n.a. 2
SUNSHINE COAST REGIONAL COUNCIL AREA 310 87 300 42
Caloundra (coastal region) 285 14 275 7
Maroochy (coastal region) 300 40 295 24
Noosa (coastal region) 310 29 320 10
2 BEDROOM FLATS/UNITS
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
33
35
46
483
678
810
511
522
520
52
77
79
DEC 09
SEP 09
JUN 09
Gold Coast City - House Sales
<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
180
227
300
61
45
66
13
7
16
DEC 09
SEP 09
JUN 09
Bundaberg - House Sales
<$350k $350k+ $500k+
190
236
314
255
278
318
97
54
62
DEC 09
SEP 09
JUN 09
Townsville City - House Sales
<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
33
35
46
483
678
810
511
522
520
52
77
79
DEC 09
SEP 09
JUN 09
Gold Coast City - House Sales
<$350k $350k+ $500k+ $1m+
352
439
500
116
130
117
47
28
31
DEC 09
SEP 09
JUN 09
Toowoomba - House Sales
<$350k $350k+ $500k+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
180
227
300
61
45
66
13
7
16
DEC 09
SEP 09
JUN 09
Bundaberg - House Sales
<$350k $350k+ $500k+
80
93
79
67
88
68
21
27
15
DEC 09
SEP 09
JUN 09
Gladstone - House Sales
<$350k $350k+ $500k+
164
223
268
184
185
244
66
67
57
DEC 09
SEP 09
JUN 09
Cairns - House Sales
<$350k $350k+ $500k+
190
236
314
255
278
318
97
54
62
DEC 09
SEP 09
JUN 09
Townsville City - House Sales
<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
Median house and unit prices The median house price on the Fraser Coast increased 4.8 per cent to $314,500 over the December quarter and decreased 4.6 per cent over the year.
The number of first home buyers on the Fraser Coast ebbed and flowed during 2009 depending on the current state of the FHOB.
The December quarter was characterised by a more usual pattern of buyers with first home buyers less prevalent.
Since the start of 2010, the Fraser Coast’s residential property market has been steady.
Agents are reporting a reasonable level of demand from buyers with sales in the mid $200,000s most prevalent in
Maryborough and around $300,000 in Hervey Bay.
Most demand is from owner-occupiers with plenty of stock available for them to choose from.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 5 - March 2010 page 21
MARKETMONITORQ
UE
EN
SLA
ND
fRASER COAST REGIOnAl
HOUSES
Suburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
UNITS & TOWNHOUSESFRASER COAST (LGA) ~ 310 $314,500 4.8% $300,000 -4.6% 29.3%
FRASER COAST (LGA) ^ 43 $352,000 13.5% $360,000 -2.2% 38.6%
BURRUMHEADS 8 $397,290 N/A $395,000 3.9% N/A
CRAIGNISH 8 $352,250 N/A $400,000 3.9% N/A
ELIWATERS 20 $343,000 8.6% $331,000 -0.3% 25.9%
GLENWOOD^~ 6 $218,250 1.5% $215,000 -8.1% 59.3%
GRANVILLE~ 9 $225,000 -9.6% $231,500 -12.6% 30.1%
HOWARD 6 N/A N/A $224,000 N/A 44.5%
KAWUNGAN 11 $335,000 -2.2% $326,500 -1.7% 8.8%
MARYBOROUGH~ 54 $245,000 3.6% $233,000 -5.1% 41.2%
PIALBA~ 14 $305,500 11.1% $275,000 -6.3% 11.7%
POINTVERNON 22 $336,250 9.2% $311,400 -2.1% 20.9%
RIVERHEADS~ 8 $406,750 N/A $315,000 -10.0% 58.3%
SCARNESS 15 $340,000 17.2% $290,000 -2.0% 20.8%
TINANA 12 $307,500 6.4% $290,000 -4.9% 27.5%
TINANA^ 7 $408,000 N/A $408,250 2.1% 57.0%
TOOGOOM~ 9 $345,000 3.0% $317,500 -18.4% 5.8%
TORQUAY 25 $300,000 -5.5% $317,750 -3.7% 15.5%
URANGAN 38 $318,125 1.0% $313,363 -3.3% 19.6%
URRAWEEN 24 $367,500 8.1% $350,000 -0.4% 29.6%
WONDUNNA 7 $465,000 0.0% $464,250 N/A N/A
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
112
190
236
476
641
771
427
646
541
313
361
385
89
83
68
DEC 09
SEP 09
JUN 09
Gold Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
15
18
31
21
32
43
2
6
5
DEC 09
SEP 09
JUN 09
Bundaberg - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
23
49
41
76
90
109
19
25
28
DEC 09
SEP 09
JUN 09
Townsville - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
112
190
236
476
641
771
427
646
541
313
361
385
89
83
68
DEC 09
SEP 09
JUN 09
Gold Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
44
93
103
26
33
45
2
2
2
DEC 09
SEP 09
JUN 09
Toowoomba - Unit Sales<$250k $250k+ $500k+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
15
18
31
21
32
43
2
6
5
DEC 09
SEP 09
JUN 09
Bundaberg - Unit Sales<$250k $250k+ $500k+
5
10
10
14
17
20
6
3
1
DEC 09
SEP 09
JUN 09
Gladstone - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
23
49
41
76
90
109
19
25
28
DEC 09
SEP 09
JUN 09
Townsville - Unit Sales<$250k $250k+ $500k+
132
198
203
126
131
149
42
48
37
DEC 09
SEP 09
JUN 09
Cairns - Unit Sales<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
56
67
65
7
1
6
1
1
DEC 09
SEP 09
JUN 09
Bundaberg - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
94
148
156
21
19
9
5
3
1
DEC 09
SEP 09
JUN 09
Townsville City - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
122
159
273
60
75
96
8
12
9
5
25
16
DEC 09
SEP 09
JUN 09
Gold Coast - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
94
150
150
6
6
6
1
1
1
DEC 09
SEP 09
JUN 09
Toowoomba - Land Sales
<$250k $250k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
56
67
65
7
1
6
1
1
DEC 09
SEP 09
JUN 09
Bundaberg - Land Sales
<$250k $250k+ $500k+
63
27
22
2
6
2
1
1
1
DEC 09
SEP 09
JUN 09
Gladstone - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
94
148
156
21
19
9
5
3
1
DEC 09
SEP 09
JUN 09
Townsville City - Land Sales
<$250k $250k+ $500k+
90
106
143
18
14
11
6
3
1
DEC 09
SEP 09
JUN 09
Cairns - Land Sales<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
122
159
273
60
75
96
8
12
9
5
25
16
DEC 09
SEP 09
JUN 09
Gold Coast - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
The market is improving from the tougher conditions over the past 18 months, with overall confidence in the region improving.
Confidence across the board appears to be on the increase. Agents are reporting more and more enquiry from buyers and that should augur well for the region in the months ahead.
The median unit and townhouse price on the Fraser Coast increased 13.6 per cent over the December quarter to $281,250. This median has been affected by the sale of new stock in developments in Maryborough, Pialba and Urangan.
There is a ready supply of units in Hervey Bay with developers also currently trying to offload surplus stock, including prestige developments.
Median land prices The median price of vacant urban land increased 10.4 per cent over the December quarter to $164,450.
There remains plenty of vacant urban land in the region with a number of fairly new land subdivisions for buyers to choose from including Ocean Blue and Augustus in Hervey Bay.
Median rents The median rent for a three-bedroom house remained unchanged at $255 per week in Hervey Bay over 2009 and was up an impressive $15 per week to $240 in Maryborough.
The median rent for a two-bedroom unit in Hervey Bay increased $10 per week to $220, and was up $5 per week to $165 in Maryborough over the same period.
Vacancy rates in Hervey Bay are likely to reduce this year as the region remains one of the fastest growing cities in Australia. New residents who relocate to the area for work or to retire tend to rent a property before buying so they can research the local market and decide which suburb best suits their needs.
VACANT URBAN LAND
FRASER COAST (LGA) * 52 $281,250 13.6% $275,000 -5.2% 8.7%
MARYBOROUGH* 5 N/A N/A $190,000 N/A 38.2%
PIALBA* 8 $278,600 26.6% $284,750 1.7% 29.4%
SCARNESS 6 N/A N/A $275,000 3.0% 2.2%
TORQUAY 4 N/A N/A $268,250 1.2% 27.7%
URANGAN* 19 $350,000 14.8% $322,000 -8.8% 11.4%
FRASER COAST (LGA) ~ 54 $164,450 10.4% $149,000 -3.1% 29.6%
FRASER COAST (LGA) ^ ~ 38 $121,000 15.2% $126,000 27.3% 215.0%
BURRUMHEADS~ 5 $163,900 13.0% $151,500 -6.8% 35.3%
CRAIGNISH 4 N/A N/A $175,000 -1.7% 59.8%
DUNDOWRANBEACH~ 6 $227,500 N/A N/A N/A N/A
GLENWOOD^* 13 $84,785 9.4% $80,000 -0.3% 150.0%
POONA 5 $136,500 N/A $125,000 0.4% 29.9%
RIVERHEADS~ 4 N/A N/A $155,000 -10.8% 24.0%
TINANA* 1 N/A N/A $128,000 N/A 50.6%
TOOGOOM~ 2 N/A N/A $137,500 -8.3% 2.6%
URRAWEEN 4 N/A N/A $161,750 1.7% 40.7%
WONDUNNA* 1 N/A N/A $170,000 13.3% 6.3%
YENGARIE^ 5 $165,000 N/A N/A N/A N/A
www.reiq.com.auIssue 5 - March 2010 page 22
MARKETMONITORQ
UE
EN
SLA
ND
fRASER COAST REGIOnAl
BUnDABERG REGIOnAl
3 BEDROOM HOUSES
MEDIAN RENTSSuburbs/Localities
DecQtr2009NewBonds
DecQtr2008Rent($)
NewBonds
Rent($)Po
stcode
2 BEDROOM FLATS/UNITS
FRASER COAST REGIONAL COUNCIL AREA 250 379 250 358
4650 Maryboroughregion 240 128 225 118
4655 HerveyBay/Pialba/Scarness/Urangan 255 237 255 227
4659 Burrum/BurrumHeads/Howard 240 11 250 9
FRASER COAST REGIONAL COUNCIL AREA 200 200 200 194
4650 Maryboroughregion 165 55 160 42
4655 HerveyBay/Pialba/Scarness/Urangan 220 140 210 148
4659 Burrum/BurrumHeads/Howard 190 5 n.a. 4
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
33
35
46
483
678
810
511
522
520
52
77
79
DEC 09
SEP 09
JUN 09
Gold Coast City - House Sales
<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
180
227
300
61
45
66
13
7
16
DEC 09
SEP 09
JUN 09
Bundaberg - House Sales
<$350k $350k+ $500k+
190
236
314
255
278
318
97
54
62
DEC 09
SEP 09
JUN 09
Townsville City - House Sales
<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
33
35
46
483
678
810
511
522
520
52
77
79
DEC 09
SEP 09
JUN 09
Gold Coast City - House Sales
<$350k $350k+ $500k+ $1m+
352
439
500
116
130
117
47
28
31
DEC 09
SEP 09
JUN 09
Toowoomba - House Sales
<$350k $350k+ $500k+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
180
227
300
61
45
66
13
7
16
DEC 09
SEP 09
JUN 09
Bundaberg - House Sales
<$350k $350k+ $500k+
80
93
79
67
88
68
21
27
15
DEC 09
SEP 09
JUN 09
Gladstone - House Sales
<$350k $350k+ $500k+
164
223
268
184
185
244
66
67
57
DEC 09
SEP 09
JUN 09
Cairns - House Sales
<$350k $350k+ $500k+
190
236
314
255
278
318
97
54
62
DEC 09
SEP 09
JUN 09
Townsville City - House Sales
<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
112
190
236
476
641
771
427
646
541
313
361
385
89
83
68
DEC 09
SEP 09
JUN 09
Gold Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
15
18
31
21
32
43
2
6
5
DEC 09
SEP 09
JUN 09
Bundaberg - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
23
49
41
76
90
109
19
25
28
DEC 09
SEP 09
JUN 09
Townsville - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
112
190
236
476
641
771
427
646
541
313
361
385
89
83
68
DEC 09
SEP 09
JUN 09
Gold Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
44
93
103
26
33
45
2
2
2
DEC 09
SEP 09
JUN 09
Toowoomba - Unit Sales<$250k $250k+ $500k+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
15
18
31
21
32
43
2
6
5
DEC 09
SEP 09
JUN 09
Bundaberg - Unit Sales<$250k $250k+ $500k+
5
10
10
14
17
20
6
3
1
DEC 09
SEP 09
JUN 09
Gladstone - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
23
49
41
76
90
109
19
25
28
DEC 09
SEP 09
JUN 09
Townsville - Unit Sales<$250k $250k+ $500k+
132
198
203
126
131
149
42
48
37
DEC 09
SEP 09
JUN 09
Cairns - Unit Sales<$250k $250k+ $500k+
Median house and unit prices The Bundaberg residential property market regained lost ground over the December quarter to post a 9.7 per cent median house price increase to $295,000. The result follows a fall of 4.9 per cent in the previous quarter.
Over the year ending December, Bundaberg’s median house dipped 1.8 per cent.
Bundaberg’s December quarter result was the best performing of all Queensland’s major regions over the period.
However, this spike in median house prices can be attributed to the reduction of affordable housing stock in the final months of 2009 which resulted in healthy competition amongst buyers, especially first home buyers.
Similar to other areas of the State, the number of first-time buyers in the Bundaberg market has reduced dramatically over recent months as financial incentives to buy are wound back and interest rates begin to rise again.
There has been a marked increase in the number of second and third generation buyers since the beginning of the year. Investors, especially, are showing a lot of interest given the
affordability of property in the region.
As property buyers are becoming more educated about the market, many investors are recognising that Bundaberg represents excellent value for money with the potential for capital growth and rental income.
The Bundaberg unit and townhouse market didn’t fare so well over the December quarter, posting a 5.4 per cent median price decrease to $270,000, however it recorded a 4.9 per cent increase over the year.
The Bundaberg unit market didn’t greatly benefit from first home buyer demand in the final quarter of last year as this is not the segment of the market targeted by first-timers.
The affordability of houses in the region ensures that would-be Bundaberg buyers are in the enviable position of being able to purchase an affordable house, instead of a unit, as their first property. It is the sellers of these homes – usually retirees wanting to downsize – that are looking to units in the Bundaberg market.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 5 - March 2010 page 23
MARKETMONITORQ
UE
EN
SLA
ND
BUnDABERG REGIOnAl
BUNDABERG REGIONAL COUNCIL AREA 260 368 250 385
4660 AppleTreeCreek/Childers/Woodgate 240 33 250 32
4670 Bundaberg/Avoca/Bargara/BurnettHeads/etc. 260 320 250 347
4671 GinGin/MountPerry 200 14 200 6
BUNDABERG REGIONAL COUNCIL AREA 195 172 190 148
4670 Bundaberg/Avoca/Bargara/BurnettHeads/etc. 195 169 195 143
3 BEDROOM HOUSES
2 BEDROOM FLATS/UNITS
MEDIAN WEEKLY RENTSSuburbs/Localities
DecQtr2009NewBonds
DecQtr2008Rent($)
NewBonds
Rent($)Po
stcode
VACANT URBAN LAND
UNITS & TOWNHOUSES
HOUSES UNITS & TOWNHOUSES continued
Suburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
BUNDABERG (LGA) ~ 254 $295,000 9.7% $275,000 -1.8% 44.7%
BUNDABERG (LGA) ^ 54 $355,000 10.6% $324,000 2.9% 56.1%
AVENELLHEIGHTS 15 $285,000 3.1% $282,000 0.3% 44.6%
AVOCA~ 14 $323,750 10.3% $309,000 -5.2% 34.3%
BARGARA~ 32 $385,000 8.5% $350,000 -7.4% 18.6%
BRANYAN^~ 6 $299,500 -19.1% $345,000 9.1% 60.5%
BUCCA^ - N/A N/A $302,500 N/A N/A
BUNDABERGEAST~ 8 $255,450 2.2% $270,500 -5.3% 44.7%
BUNDABERGNORTH~ 14 $254,000 7.7% $245,000 -4.9% 44.1%
BUNDABERGSOUTH~ 14 $265,000 3.0% $240,500 -7.1% 41.5%
BUNDABERGWEST~ 6 N/A N/A $255,000 -5.2% 41.7%
BURNETTHEADS 14 $288,000 4.7% $275,000 3.0% 27.9%
ELLIOTTHEADS 6 N/A N/A $322,500 N/A 23.1%
INNESPARK~ 8 $319,000 -8.3% $351,500 4.9% 24.2%
KALKIE~ 11 $369,000 30.0% $336,000 -9.9% 72.3%
KEPNOCK~ 18 $251,750 -10.9% $266,000 -4.0% 42.1%
MILLBANK 7 $243,000 -4.0% $245,000 -3.0% 46.3%
MOOREPARKBEACH 6 N/A N/A $310,000 N/A 14.8%
NORVILLE 6 N/A N/A $245,000 -0.8% 48.5%
REDRIDGE^ 5 $265,000 N/A N/A N/A N/A
SHARON^ 2 N/A N/A $380,000 N/A N/A
SOUTHBINGERA^ 1 N/A N/A $299,500 N/A 61.9%
SVENSSONHEIGHTS 16 $268,750 11.3% $261,250 5.8% 51.9%
THABEBAN~ 14 $308,250 18.1% $269,000 -1.8% 53.7%
WALKERVALE 12 $245,500 2.3% $235,000 1.3% 51.6%
WOODGATEf 6 N/A N/A $434,000 N/A N/A
BUNDABERG (LGA) ~ 38 $270,000 -5.4% $262,250 4.9% 34.5%
AVENELLHEIGHTS 3 N/A N/A $241,250 -3.1% N/A
BARGARA~* 7 $320,000 -14.7% $333,500 7.1% 15.0%
BUNDABERGEAST 7 $280,000 N/A N/A N/A N/A
BUNDABERGNORTH 4 N/A N/A $244,500 -4.9% 25.4%
BUNDABERGSOUTH 4 N/A N/A $209,000 N/A N/A
BUNDABERGWEST 3 N/A N/A $252,500 10.9% N/A
BUNDABERG (LGA) 64 $135,000 6.5% $135,000 -5.6% 35.0%
BUNDABERG (LGA) ^ 38 $142,500 -1.7% $145,000 16.0% 163.6%
ASHFIELD 10 $128,500 2.8% $128,000 N/A N/A
BARGARA*f 6 $272,500 70.3% $174,000 3.0% 33.8%
BRANYAN^ 8 $130,000 N/A N/A N/A N/A
BURNETTHEADS~ 6 $152,500 N/A $109,500 -14.1% 9.5%
INNESPARK 8 $139,500 N/A $140,750 -0.4% 30.9%
KALKIE 1 N/A N/A $124,950 0.8% 37.3%
WOODGATE~* 5 $200,000 N/A $136,500 -22.0% -19.7%
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
56
67
65
7
1
6
1
1
DEC 09
SEP 09
JUN 09
Bundaberg - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
94
148
156
21
19
9
5
3
1
DEC 09
SEP 09
JUN 09
Townsville City - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
122
159
273
60
75
96
8
12
9
5
25
16
DEC 09
SEP 09
JUN 09
Gold Coast - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
94
150
150
6
6
6
1
1
1
DEC 09
SEP 09
JUN 09
Toowoomba - Land Sales
<$250k $250k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
56
67
65
7
1
6
1
1
DEC 09
SEP 09
JUN 09
Bundaberg - Land Sales
<$250k $250k+ $500k+
63
27
22
2
6
2
1
1
1
DEC 09
SEP 09
JUN 09
Gladstone - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
94
148
156
21
19
9
5
3
1
DEC 09
SEP 09
JUN 09
Townsville City - Land Sales
<$250k $250k+ $500k+
90
106
143
18
14
11
6
3
1
DEC 09
SEP 09
JUN 09
Cairns - Land Sales<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
122
159
273
60
75
96
8
12
9
5
25
16
DEC 09
SEP 09
JUN 09
Gold Coast - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
Median land prices The median vacant urban land price in Bundaberg increased 6.5 per cent to $135,000 over the quarter and decreased 5.6 per cent over the year.
Vacant urban land has not been an overly attractive option for many Bundaberg buyers during 2009 due to the raft of council headwork charges which made developing a block of land and building a home an expensive exercise compared to buying an existing house.
Agents are reporting that with increased confidence and growing house prices, however, this segment of the market will become more attractive to buyers from mid 2010.
Median rents The median rent for a three-bedroom house in Bundaberg increased $10 per week to $260 in 2009, while the median rent for a two-bedroom unit remained steady at $195.
The steady migration of people into the area, due to lifestyle and affordability factors, ensures that demand for rental properties remains steady as new residents opt to rent before buying. Agents are reporting consistently low vacancy rates given this healthy level of demand.
www.reiq.com.auIssue 5 - March 2010 page 24
MARKETMONITORQ
UE
EN
SLA
ND
GlADSTOnE REGIOnAl
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
33
35
46
483
678
810
511
522
520
52
77
79
DEC 09
SEP 09
JUN 09
Gold Coast City - House Sales
<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
180
227
300
61
45
66
13
7
16
DEC 09
SEP 09
JUN 09
Bundaberg - House Sales
<$350k $350k+ $500k+
190
236
314
255
278
318
97
54
62
DEC 09
SEP 09
JUN 09
Townsville City - House Sales
<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
33
35
46
483
678
810
511
522
520
52
77
79
DEC 09
SEP 09
JUN 09
Gold Coast City - House Sales
<$350k $350k+ $500k+ $1m+
352
439
500
116
130
117
47
28
31
DEC 09
SEP 09
JUN 09
Toowoomba - House Sales
<$350k $350k+ $500k+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
180
227
300
61
45
66
13
7
16
DEC 09
SEP 09
JUN 09
Bundaberg - House Sales
<$350k $350k+ $500k+
80
93
79
67
88
68
21
27
15
DEC 09
SEP 09
JUN 09
Gladstone - House Sales
<$350k $350k+ $500k+
164
223
268
184
185
244
66
67
57
DEC 09
SEP 09
JUN 09
Cairns - House Sales
<$350k $350k+ $500k+
190
236
314
255
278
318
97
54
62
DEC 09
SEP 09
JUN 09
Townsville City - House Sales
<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
112
190
236
476
641
771
427
646
541
313
361
385
89
83
68
DEC 09
SEP 09
JUN 09
Gold Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
15
18
31
21
32
43
2
6
5
DEC 09
SEP 09
JUN 09
Bundaberg - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
23
49
41
76
90
109
19
25
28
DEC 09
SEP 09
JUN 09
Townsville - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
112
190
236
476
641
771
427
646
541
313
361
385
89
83
68
DEC 09
SEP 09
JUN 09
Gold Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
44
93
103
26
33
45
2
2
2
DEC 09
SEP 09
JUN 09
Toowoomba - Unit Sales<$250k $250k+ $500k+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
15
18
31
21
32
43
2
6
5
DEC 09
SEP 09
JUN 09
Bundaberg - Unit Sales<$250k $250k+ $500k+
5
10
10
14
17
20
6
3
1
DEC 09
SEP 09
JUN 09
Gladstone - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
23
49
41
76
90
109
19
25
28
DEC 09
SEP 09
JUN 09
Townsville - Unit Sales<$250k $250k+ $500k+
132
198
203
126
131
149
42
48
37
DEC 09
SEP 09
JUN 09
Cairns - Unit Sales<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
56
67
65
7
1
6
1
1
DEC 09
SEP 09
JUN 09
Bundaberg - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
94
148
156
21
19
9
5
3
1
DEC 09
SEP 09
JUN 09
Townsville City - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
122
159
273
60
75
96
8
12
9
5
25
16
DEC 09
SEP 09
JUN 09
Gold Coast - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
94
150
150
6
6
6
1
1
1
DEC 09
SEP 09
JUN 09
Toowoomba - Land Sales
<$250k $250k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
56
67
65
7
1
6
1
1
DEC 09
SEP 09
JUN 09
Bundaberg - Land Sales
<$250k $250k+ $500k+
63
27
22
2
6
2
1
1
1
DEC 09
SEP 09
JUN 09
Gladstone - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
94
148
156
21
19
9
5
3
1
DEC 09
SEP 09
JUN 09
Townsville City - Land Sales
<$250k $250k+ $500k+
90
106
143
18
14
11
6
3
1
DEC 09
SEP 09
JUN 09
Cairns - Land Sales<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
122
159
273
60
75
96
8
12
9
5
25
16
DEC 09
SEP 09
JUN 09
Gold Coast - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
Median house and unit prices The Gladstone residential property market has continued to gain momentum as large scale industrial projects remain focused on the region and using the key existing infrastructure of power, a plentiful supply of water and transportation through Gladstone’s natural deep-water harbour.
Gladstone’s median house price decreased 1.7 per cent over the December quarter to $355,000. Over the year ending December, the median price went back 5.5 per cent, perhaps due to the increased number of sales in the affordable end of the market.
The property market was steady with low volumes to the end of 2009, however agents are now reporting a dramatic improvement in demand since the turn of the new decade.
The latest figures show some weakness in median prices, although a lack of available stock now exists and most agents are reporting that homes and units are selling at a faster rate than at any time in the last 12 to 18 months.
As the LNG projects draw closer, it is expected that upward pressure is placed on all sectors of the region’s available housing and land.
With rental vacancy rates on a sharp decline, attracting more investors, the market looks in very good shape to face 2010 with a positive outlook.
Healthy median house price growth over the December quarter occurred in Boyne Island, up 6 per cent to $413,500; Clinton, up 9.9 per cent to $401,000; Tannum Sands, up 13 per cent to $518,800; and West Gladstone, up 6.8 per cent to $323,000.
The median unit and townhouse price in the Gladstone local government area has been affected by a number of new waterfront developments being constructed in Agnes Water.
Median land prices As a result of some new land releases, the median vacant urban land price increased 7.9 per cent to $188,750 over the quarter.
Over 2009 however, the median dropped 2.7 per cent, with the sale of vacant urban land supported, to a certain degree, by first home buyers with sales numbers up marginally on the year before.
However, while sales of vacant urban land were steady on reasonably low volumes last year, most builders are now advising that they are taking orders at a much faster rate than during most of 2009.
Median rents The median rent for a three-bedroom house decreased $10 per week over 2009 to be $290. The median rent for a two-bedroom unit also decreased over the period, down $30 per week to $220.
After a spike in vacancy rates in the Gladstone rental market mid-last year, it is expected that vacancy rates will reflect a more balanced rent market this year as strength in the resources sector sees more new residents relocating to the area for employment.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 5 - March 2010 page 25
MARKETMONITORQ
UE
EN
SLA
ND
GlADSTOnE REGIOnAl
ROCKHAMPTOn REGIOnAl
3 BEDROOM HOUSES
2 BEDROOM FLATS/UNITS
HOUSES VACANT URBAN LAND continued
UNITS & TOWNHOUSES GLADSTONE REGIONAL COUNCIL AREA 290 229 300 220
4677 AgnesWater/MiriamVale 250 12 260 19
4680 Gladstone/BoyneIsland/Clinton/KinKora/etc. 290 210 300 196
GLADSTONE REGIONAL COUNCIL AREA 220 146 250 165
4677 AgnesWater/MiriamVale 200 8 n.a. 2
4680 Gladstone/BoyneIsland/Clinton/KinKora/etc. 220 138 250 163
MEDIAN WEEKLY RENTSSuburbs/Localities
DecQtr2009NewBonds
DecQtr2008Rent($)
NewBonds
Rent($)Po
stcode
Suburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
GLADSTONE (LGA) ~ 168 $355,000 -1.7% $359,000 -5.5% 71.0%
GLADSTONE (LGA) ^ ~ 21 $350,000 -19.5% $422,500 2.2% 62.5%
BOYNEISLAND~ 12 $413,500 6.0% $397,000 -8.2% 60.1%
CALLIOPE~ 14 $337,500 -11.2% $369,000 -5.5% 117.1%
CLINTON 24 $401,000 9.9% $370,000 -1.3% N/A
GLENEDEN 3 N/A N/A $439,000 2.5% N/A
KINKORA 17 $355,000 1.1% $359,000 -3.8% N/A
NEWAUCKLAND~ 17 $390,000 -7.1% $385,000 -1.2% N/A
SOUTHGLADSTONE~ 11 $329,200 -1.7% $329,200 -12.2% N/A
TANNUMSANDS~ 12 $518,800 13.0% $445,000 -7.3% 53.4%
TELINA~ 7 $345,000 -11.5% $359,000 -11.9% N/A
WESTGLADSTONE~ 27 $323,000 6.8% $320,000 -8.6% N/A
GLADSTONE (LGA) * f 23 $355,000 32.0% $300,000 5.3% 87.5%
AGNESWATER*f 5 $490,000 26.5% $400,000 N/A -19.6%
SOUTHGLADSTONE 5 N/A N/A $254,000 -7.6% N/A
GLADSTONE (LGA) * 66 $188,750 7.9% $180,000 -2.7% 93.0%
GLADSTONE (LGA) ^ 26 $190,000 -3.7% $200,000 0.0% 90.5%
AGNESWATER~f 7 $195,000 -30.4% $195,750 N/A -18.4%
AGNESWATER^ 7 $200,000 N/A $195,000 -2.5% 39.3%
BOYNEISLAND*f 7 $200,000 N/A $210,000 N/A 116.5%
CALLIOPE 7 $157,000 N/A $135,000 -9.7% N/A
GLENEDEN* 13 $185,000 -2.6% $185,000 N/A N/A
KIRKWOOD* 7 $185,000 5.7% $180,000 0.0% N/A
SOUTHGLADSTONE* 9 $182,000 N/A N/A N/A N/A
TANNUMSANDS* 6 $212,500 N/A N/A N/A N/A
WESTGLADSTONE* 5 $151,000 N/A N/A N/A N/A
VACANT URBAN LAND
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
33
35
46
483
678
810
511
522
520
52
77
79
DEC 09
SEP 09
JUN 09
Gold Coast City - House Sales
<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
180
227
300
61
45
66
13
7
16
DEC 09
SEP 09
JUN 09
Bundaberg - House Sales
<$350k $350k+ $500k+
190
236
314
255
278
318
97
54
62
DEC 09
SEP 09
JUN 09
Townsville City - House Sales
<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
33
35
46
483
678
810
511
522
520
52
77
79
DEC 09
SEP 09
JUN 09
Gold Coast City - House Sales
<$350k $350k+ $500k+ $1m+
352
439
500
116
130
117
47
28
31
DEC 09
SEP 09
JUN 09
Toowoomba - House Sales
<$350k $350k+ $500k+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
180
227
300
61
45
66
13
7
16
DEC 09
SEP 09
JUN 09
Bundaberg - House Sales
<$350k $350k+ $500k+
80
93
79
67
88
68
21
27
15
DEC 09
SEP 09
JUN 09
Gladstone - House Sales
<$350k $350k+ $500k+
164
223
268
184
185
244
66
67
57
DEC 09
SEP 09
JUN 09
Cairns - House Sales
<$350k $350k+ $500k+
190
236
314
255
278
318
97
54
62
DEC 09
SEP 09
JUN 09
Townsville City - House Sales
<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
Median house and unit prices The Rockhampton median house price may have increased 7.8 per cent to $330,000 over the December quarter, however agents are indicating that the market is merely holding steady.
Over the year ending December, the median house price decreased 2.7 per cent, which may be more reflective of price movements in the region during 2009.
Prices don’t appear to be increasing; instead they are simply stable due to a ready availability of stock.
There is a fairly high level of confidence in the region because of the demand for commodities picking up from China. There are a large number of mines mooted for the area as a result of this increasing demand for resources.
Estimates of more than $100 billion-worth of infrastructure spending, augurs well for the entire region in the years ahead.
There has also been a marked increase in higher-end sales as overall confidence in the area returns.
Rockhampton’s unemployment rate has remained remarkably stable during the uncertainty of the past 18 months with business confidence also improving this year.
The median unit and townhouse price decreased 9.1 per cent to $241,000 over the quarter. During the period there were 23 preliminary sales – making up more than half of all the preliminary sales data available – in a new development in Rosslyn.
The median unit and townhouse price has also been skewed lower given there were a number of sales of prestige waterfront properties in Rockhampton during the September quarter which pushed the median higher over that period.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 5 - March 2010 page 26
MARKETMONITORQ
UE
EN
SLA
ND
ROCKHAMPTOn REGIOnAl
HOUSES UNITS & TOWNHOUSES
Suburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
ROCKHAMPTON (LGA) 287 $330,000 7.8% $306,625 -2.7% 107.9%
ROCKHAMPTON (LGA) ^ ~ 34 $425,000 -8.6% $435,000 -1.1% 89.1%
ALLENSTOWN 8 $247,500 -1.3% $238,000 -4.8% 98.3%
BERSERKER 25 $237,500 1.1% $240,000 -2.6% 102.5%
EMUPARK~ 11 $430,000 N/A $327,500 -9.0% 39.1%
FRENCHVILLE 27 $335,500 2.6% $325,000 -1.2% 91.2%
GRACEMERE~ 26 $321,500 2.1% $319,000 -10.1% 116.3%
KAWANA 3 N/A N/A $294,000 -2.0% 90.9%
KOONGAL 12 $267,500 0.9% $264,000 7.8% 103.5%
LAMMERMOOR+* 9 $455,000 N/A $465,000 N/A 50.0%
MOUNTMORGAN 7 $168,000 7.5% $155,000 17.9% 171.9%
NORMANGARDENS~ 33 $420,000 16.7% $375,000 -6.3% 82.9%
PACIFICHEIGHTS~ 7 $630,000 N/A N/A N/A N/A
PARKAVENUE~ 15 $271,000 13.9% $246,000 -9.4% 89.2%
ROCKHAMPTONCITY 8 $238,600 14.7% $210,000 2.4% 124.0%
ROCKYVIEW^ 3 N/A N/A $507,500 N/A 79.3%
TARANGANBA~ 7 $360,000 -5.3% $372,000 -4.6% 48.8%
THERANGE~ 18 $401,250 23.2% $345,000 -0.7% 100.6%
WANDAL~ 9 $277,500 -10.5% $281,750 -6.1% 108.7%
WESTROCKHAMPTON 3 N/A N/A $249,500 -4.0% 101.2%
YEPPOON 29 $355,000 2.3% $350,000 -4.8% 50.5%
ZILZIE 5 N/A N/A $385,000 N/A 30.5%
ROCKHAMPTON (LGA) * f 45 $241,000 -9.1% $275,000 1.5% 89.7%
ROCKHAMPTONCITY*f 2 N/A N/A $505,000 N/A 217.6%
ROSSLYN*f 23 $235,000 N/A $235,000 N/A N/A
YEPPOON*f 7 $350,000 27.3% $295,000 9.3% 43.9%
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
112
190
236
476
641
771
427
646
541
313
361
385
89
83
68
DEC 09
SEP 09
JUN 09
Gold Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
15
18
31
21
32
43
2
6
5
DEC 09
SEP 09
JUN 09
Bundaberg - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
23
49
41
76
90
109
19
25
28
DEC 09
SEP 09
JUN 09
Townsville - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
112
190
236
476
641
771
427
646
541
313
361
385
89
83
68
DEC 09
SEP 09
JUN 09
Gold Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
44
93
103
26
33
45
2
2
2
DEC 09
SEP 09
JUN 09
Toowoomba - Unit Sales<$250k $250k+ $500k+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
15
18
31
21
32
43
2
6
5
DEC 09
SEP 09
JUN 09
Bundaberg - Unit Sales<$250k $250k+ $500k+
5
10
10
14
17
20
6
3
1
DEC 09
SEP 09
JUN 09
Gladstone - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
23
49
41
76
90
109
19
25
28
DEC 09
SEP 09
JUN 09
Townsville - Unit Sales<$250k $250k+ $500k+
132
198
203
126
131
149
42
48
37
DEC 09
SEP 09
JUN 09
Cairns - Unit Sales<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
56
67
65
7
1
6
1
1
DEC 09
SEP 09
JUN 09
Bundaberg - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
94
148
156
21
19
9
5
3
1
DEC 09
SEP 09
JUN 09
Townsville City - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
122
159
273
60
75
96
8
12
9
5
25
16
DEC 09
SEP 09
JUN 09
Gold Coast - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
94
150
150
6
6
6
1
1
1
DEC 09
SEP 09
JUN 09
Toowoomba - Land Sales
<$250k $250k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
56
67
65
7
1
6
1
1
DEC 09
SEP 09
JUN 09
Bundaberg - Land Sales
<$250k $250k+ $500k+
63
27
22
2
6
2
1
1
1
DEC 09
SEP 09
JUN 09
Gladstone - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
94
148
156
21
19
9
5
3
1
DEC 09
SEP 09
JUN 09
Townsville City - Land Sales
<$250k $250k+ $500k+
90
106
143
18
14
11
6
3
1
DEC 09
SEP 09
JUN 09
Cairns - Land Sales<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
122
159
273
60
75
96
8
12
9
5
25
16
DEC 09
SEP 09
JUN 09
Gold Coast - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
Median land prices The median price of vacant urban land increased 14.5 per cent over the period to $157,500. Over the year it increased 4.3 per cent.
Preliminary sales numbers were down substantially over the quarter, perhaps due to the reduction in first home buyer numbers in late 2009.
The median vacant urban land price has been impacted over the period given a number of new land releases in suburbs such as Gracemere, Lammermoor, Norman Gardens and Taroomball.
Varying sizes and quality of land on more than 2,400sqm had an impact on the median acreage land price with its median down 22.2 per cent over the quarter. However, the median increased 8.1 per cent to $200,000 over the year ending December, which is perhaps more indicative of price movements in this segment of the market.
Median rents The median rent for a three-bedroom house in Rockhampton increased $10 per week to $290 between December 2009 and December 2008. The median rent for a two-bedroom unit also increased $10 per week to $220 over the same period.
With the mining sector now heading towards strong growth in coming years, the Rockhampton rental market is likely to be underpinned by new residents as more people relocate to the area for employment in the resources sector.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 5 - March 2010 page 27
MARKETMONITORQ
UE
EN
SLA
ND
ROCKHAMPTOn REGIOnAl
MACKAY REGIOnAl
Suburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
MEDIAN SALES DATA
3 BEDROOM HOUSES
2 BEDROOM FLATS/UNITS
MEDIAN WEEKLY RENTSSuburbs/Localities
DecQtr2009NewBonds
DecQtr2008Rent($)
NewBonds
Rent($)Po
stcode
ROCKHAMPTON REGIONAL COUNCIL AREA 290 396 280 441
4700 Allenstown/DepotHill/RockhamptonCity/etc. 280 82 270 92
4701 Berserker/ParkAvenue/NormanGardens/etc. 285 152 275 172
4702 Coowonga/KeppelSands/TheCaves/etc. 280 46 270 57
4703 CooeeBay/Rosslyn/Taranganba/Yeppoon/etc. 310 83 310 86
4710 EmuPark/Zilzie 280 19 265 22
4714 MountMorgan 165 12 150 10
ROCKHAMPTON REGIONAL COUNCIL AREA 220 214 210 219
4700 Allenstown/DepotHill/RockhamptonCity/etc. 240 55 210 45
4701 Berserker/ParkAvenue/NormanGardens/etc. 210 113 200 128
4703 CooeeBay/Rosslyn/Taranganba/Yeppoon/etc. 280 43 250 38
ROCKHAMPTON (LGA) * 68 $157,500 14.5% $145,000 4.3% 52.6%
ROCKHAMPTON (LGA) ^ ~ 21 $180,000 -22.2% $200,000 8.1% 153.2%
GRACEMERE* 20 $107,000 -2.3% $110,000 -12.0% 193.3%
LAMMERMOOR+* 6 $152,500 N/A $146,000 -13.0% 12.3%
MULAMBIN+* 4 N/A N/A $150,000 N/A N/A
NORMANGARDENS* 16 $169,500 -0.3% $169,000 -17.6% 144.9%
ROCKYVIEW^ 8 $207,500 N/A $199,000 N/A 168.9%
TARANGANBA - N/A N/A $175,000 N/A 49.2%
TAROOMBALL* 6 $145,000 -3.3% $152,500 N/A 39.3%
YEPPOON* 5 $165,000 -1.5% $170,000 N/A 61.9%
ZILZIE~f 6 $142,500 -10.9% $160,000 -12.1% 25.0%
VACANT URBAN LAND
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
33
35
46
483
678
810
511
522
520
52
77
79
DEC 09
SEP 09
JUN 09
Gold Coast City - House Sales
<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
180
227
300
61
45
66
13
7
16
DEC 09
SEP 09
JUN 09
Bundaberg - House Sales
<$350k $350k+ $500k+
190
236
314
255
278
318
97
54
62
DEC 09
SEP 09
JUN 09
Townsville City - House Sales
<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
33
35
46
483
678
810
511
522
520
52
77
79
DEC 09
SEP 09
JUN 09
Gold Coast City - House Sales
<$350k $350k+ $500k+ $1m+
352
439
500
116
130
117
47
28
31
DEC 09
SEP 09
JUN 09
Toowoomba - House Sales
<$350k $350k+ $500k+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
180
227
300
61
45
66
13
7
16
DEC 09
SEP 09
JUN 09
Bundaberg - House Sales
<$350k $350k+ $500k+
80
93
79
67
88
68
21
27
15
DEC 09
SEP 09
JUN 09
Gladstone - House Sales
<$350k $350k+ $500k+
164
223
268
184
185
244
66
67
57
DEC 09
SEP 09
JUN 09
Cairns - House Sales
<$350k $350k+ $500k+
190
236
314
255
278
318
97
54
62
DEC 09
SEP 09
JUN 09
Townsville City - House Sales
<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
112
190
236
476
641
771
427
646
541
313
361
385
89
83
68
DEC 09
SEP 09
JUN 09
Gold Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
15
18
31
21
32
43
2
6
5
DEC 09
SEP 09
JUN 09
Bundaberg - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
23
49
41
76
90
109
19
25
28
DEC 09
SEP 09
JUN 09
Townsville - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
112
190
236
476
641
771
427
646
541
313
361
385
89
83
68
DEC 09
SEP 09
JUN 09
Gold Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
44
93
103
26
33
45
2
2
2
DEC 09
SEP 09
JUN 09
Toowoomba - Unit Sales<$250k $250k+ $500k+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
15
18
31
21
32
43
2
6
5
DEC 09
SEP 09
JUN 09
Bundaberg - Unit Sales<$250k $250k+ $500k+
5
10
10
14
17
20
6
3
1
DEC 09
SEP 09
JUN 09
Gladstone - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
23
49
41
76
90
109
19
25
28
DEC 09
SEP 09
JUN 09
Townsville - Unit Sales<$250k $250k+ $500k+
132
198
203
126
131
149
42
48
37
DEC 09
SEP 09
JUN 09
Cairns - Unit Sales<$250k $250k+ $500k+
Median house and unit prices The median house price in Mackay increased 4.8 per cent over the December quarter to $404,500, while over the year the median remained flat.
Agents are reporting that the December results are encouraging given the events of the last year and indicate a significant return of confidence in the economic situation both regionally and nationally.
There is also renewed community confidence in the prospects on offer for the region with the mining sector projected to boom again in coming years.
Even though data more recent than December’s robust performance is not yet available, the industry feels the Mackay housing market is beginning to gather pace.
Agents are quietly optimistic that the start of another period of significant economic growth - as a consequence of that projected mining strength – has begun.
This projected growth will be a major boost to the real estate industry as it will be to the rest of the region's business sector. Agents are currently witnessing renewed movement in the middle of the market – in properties priced up to $500,000 - rather than just the lower end of the market which was more prevalent in 2009.
Recent interest remains mostly local - those upgrading to something larger or moving to different suburbs - but there are currently few investors and certainly not many southern investors. This investor demographic perhaps says a lot about the burgeoning local confidence.
Also, many who have previously preferred to rent are now showing a lot of interest in moving into the housing market. Northern beach suburbs have slipped in buyer interest and currently it is the suburbs closer to the CBD such as Mt Pleasant
and Glenella that are attracting attention.
The Mackay median unit and townhouse price decreased 6.7 per cent over the quarter to $280.000.
This segment of the market is being impacted by falling buyer interest. There are reports that demand for property in existing prestige unit developments are low resulting in significant discounting to secure a sale.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 5 - March 2010 page 28
MARKETMONITORQ
UE
EN
SLA
ND
MACKAY REGIOnAl
3 BEDROOM HOUSES
2 BEDROOM FLATS/UNITS
MEDIAN WEEKLY RENTSSuburbs/Localities
DecQtr2009NewBonds
DecQtr2008Rent($)
NewBonds
Rent($)Po
stcode
UNITS & TOWNHOUSES MACKAY REGIONAL COUNCIL AREA 370 314 380 315
4737 Sarina/SarinaBeach/ArmstrongBeach 340 22 360 30
4740 Andergrove/Beaconsfield/Mackay/Ooralea/etc. 375 248 380 238
4741 BallBay/Eton/Farleigh/Pleystowe/Seaforth/etc. 270 9 350 11
4750 Bucasia/ShoalPoint 360 12 400 15
4751 Greenmount/Palmyra/VictoriaPlains/Walkerston 420 7 360 10
MACKAY REGIONAL COUNCIL AREA 280 264 280 281
4737 Sarina/SarinaBeach/ArmstrongBeach 200 9 215 6
4740 Andergrove/Beaconsfield/Mackay/Ooralea/etc. 280 241 280 256
4750 Bucasia/ShoalPoint 280 8 290 9
HOUSES VACANT URBAN LAND
Suburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
MACKAY (LGA) 319 $404,500 4.8% $385,000 0.0% 71.9%
MACKAY (LGA) ^ ~ 35 $520,000 23.2% $470,000 0.0% 88.0%
ANDERGROVE 32 $401,500 4.3% $395,000 3.9% 68.1%
BEACONSFIELD~ 22 $387,500 -4.6% $399,500 3.8% 73.7%
BLACKSBEACH 11 $452,000 -3.8% $472,250 7.5% 70.5%
BUCASIA~f 25 $450,000 17.0% $420,000 10.5% 72.1%
EASTMACKAY~ 15 $344,500 -4.1% $362,250 -1.0% 54.1%
EIMEO~ 10 $406,000 -11.7% $450,000 7.1% 75.8%
GLENELLA~ 25 $552,000 13.8% $501,500 2.8% 61.8%
MACKAY 4 N/A N/A $349,000 -2.4% 64.8%
MARIAN 6 N/A N/A $381,000 -3.7% 198.8%
MOUNTPLEASANT 20 $477,500 13.7% $420,000 9.8% 50.0%
NORTHMACKAY 14 $352,500 11.0% $328,750 2.5% 77.2%
OORALEA 6 N/A N/A $437,500 -3.8% 69.6%
RURALVIEW 14 $470,000 6.8% $440,000 1.7% 55.2%
SARINA 9 $320,000 8.1% $327,500 9.5% 133.9%
SARINA^~ 5 $520,000 N/A $440,000 -8.8% 95.6%
SLADEPOINT 10 $359,000 2.3% $351,000 0.3% 63.3%
SOUTHMACKAY 22 $358,500 2.1% $350,000 0.0% 79.5%
WALKERSTON 6 N/A N/A $412,000 3.0% 77.6%
WESTMACKAY~ 29 $360,000 3.2% $350,000 -4.1% 67.7%
MACKAY (LGA) * 54 $280,000 -6.7% $295,000 0.2% 78.8%
EASTMACKAY 1 N/A N/A $265,500 N/A N/A
MACKAY 14 $252,500 7.4% $268,500 -4.1% 90.4%
NORTHMACKAY* 9 $255,000 -16.2% $283,750 18.2% 86.1%
SOUTHMACKAY 6 N/A N/A $290,500 11.2% 106.8%
MACKAY (LGA) 119 $174,000 -2.0% $173,000 -3.9% 66.3%
MACKAY (LGA) ^ 12 $237,500 -5.0% $250,000 -10.4% 110.1%
BLACKSBEACH* 8 $189,000 0.0% $189,000 -0.5% 80.0%
BUCASIA* 19 $165,000 0.0% $165,000 -8.3% N/A
EIMEO~ 4 N/A N/A $178,000 -3.8% 61.8%
GLENELLA 6 $240,950 6.3% $224,000 N/A 94.8%
MARIAN* 17 $149,000 4.6% $147,000 0.0% 83.8%
MIRANI 1 N/A N/A $115,000 2.2% N/A
OORALEA* 10 $181,825 N/A $182,000 N/A 116.7%
PAGET 5 $497,200 N/A N/A N/A N/A
RURALVIEW* 21 $179,000 -2.7% $185,000 N/A N/A
SARINA* 7 $170,000 3.0% $170,000 0.0% 290.8%
WALKERSTON 3 N/A N/A $155,000 0.6% 59.8%
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
56
67
65
7
1
6
1
1
DEC 09
SEP 09
JUN 09
Bundaberg - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
94
148
156
21
19
9
5
3
1
DEC 09
SEP 09
JUN 09
Townsville City - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
122
159
273
60
75
96
8
12
9
5
25
16
DEC 09
SEP 09
JUN 09
Gold Coast - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
94
150
150
6
6
6
1
1
1
DEC 09
SEP 09
JUN 09
Toowoomba - Land Sales
<$250k $250k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
56
67
65
7
1
6
1
1
DEC 09
SEP 09
JUN 09
Bundaberg - Land Sales
<$250k $250k+ $500k+
63
27
22
2
6
2
1
1
1
DEC 09
SEP 09
JUN 09
Gladstone - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
94
148
156
21
19
9
5
3
1
DEC 09
SEP 09
JUN 09
Townsville City - Land Sales
<$250k $250k+ $500k+
90
106
143
18
14
11
6
3
1
DEC 09
SEP 09
JUN 09
Cairns - Land Sales<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
122
159
273
60
75
96
8
12
9
5
25
16
DEC 09
SEP 09
JUN 09
Gold Coast - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
Median land prices The median price of vacant urban land in Mackay decreased 2 per cent over the quarter to $174,000 and went back 3.9 per cent over the year.
These results belie the fact that there is now strengthening demand for new land estates in Mackay, especially from second and third generation home buyers wanting to trade up to a new home.
New land releases in Rural View especially have been particularly popular with buyers who have been snapping up the land very quickly.
Median rents The median rent for a three-bedroom house in Mackay decreased $10 per week to $370 between December 2009 and December 2008. The median rent for a two-bedroom unit, however, remained steady at $280 per week over the same period.
These results are indicative of a market affected by less overall demand from renters. Agents are reporting that landlords are considering dropping rents to secure new tenancies after existing tenants shift out.
While the Mackay rental market may be in a state of flux at present, the sheer amount of mining activity due to take place in the region will no doubt have a positive effect on the market over the short to medium term.
www.reiq.com.auIssue 5 - March 2010 page 29
MARKETMONITORQ
UE
EN
SLA
ND
TOWnSVIllE REGIOnAl135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
33
35
46
483
678
810
511
522
520
52
77
79
DEC 09
SEP 09
JUN 09
Gold Coast City - House Sales
<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
180
227
300
61
45
66
13
7
16
DEC 09
SEP 09
JUN 09
Bundaberg - House Sales
<$350k $350k+ $500k+
190
236
314
255
278
318
97
54
62
DEC 09
SEP 09
JUN 09
Townsville City - House Sales
<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
33
35
46
483
678
810
511
522
520
52
77
79
DEC 09
SEP 09
JUN 09
Gold Coast City - House Sales
<$350k $350k+ $500k+ $1m+
352
439
500
116
130
117
47
28
31
DEC 09
SEP 09
JUN 09
Toowoomba - House Sales
<$350k $350k+ $500k+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
180
227
300
61
45
66
13
7
16
DEC 09
SEP 09
JUN 09
Bundaberg - House Sales
<$350k $350k+ $500k+
80
93
79
67
88
68
21
27
15
DEC 09
SEP 09
JUN 09
Gladstone - House Sales
<$350k $350k+ $500k+
164
223
268
184
185
244
66
67
57
DEC 09
SEP 09
JUN 09
Cairns - House Sales
<$350k $350k+ $500k+
190
236
314
255
278
318
97
54
62
DEC 09
SEP 09
JUN 09
Townsville City - House Sales
<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
112
190
236
476
641
771
427
646
541
313
361
385
89
83
68
DEC 09
SEP 09
JUN 09
Gold Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
15
18
31
21
32
43
2
6
5
DEC 09
SEP 09
JUN 09
Bundaberg - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
23
49
41
76
90
109
19
25
28
DEC 09
SEP 09
JUN 09
Townsville - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
112
190
236
476
641
771
427
646
541
313
361
385
89
83
68
DEC 09
SEP 09
JUN 09
Gold Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
44
93
103
26
33
45
2
2
2
DEC 09
SEP 09
JUN 09
Toowoomba - Unit Sales<$250k $250k+ $500k+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
15
18
31
21
32
43
2
6
5
DEC 09
SEP 09
JUN 09
Bundaberg - Unit Sales<$250k $250k+ $500k+
5
10
10
14
17
20
6
3
1
DEC 09
SEP 09
JUN 09
Gladstone - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
23
49
41
76
90
109
19
25
28
DEC 09
SEP 09
JUN 09
Townsville - Unit Sales<$250k $250k+ $500k+
132
198
203
126
131
149
42
48
37
DEC 09
SEP 09
JUN 09
Cairns - Unit Sales<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
56
67
65
7
1
6
1
1
DEC 09
SEP 09
JUN 09
Bundaberg - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
94
148
156
21
19
9
5
3
1
DEC 09
SEP 09
JUN 09
Townsville City - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
122
159
273
60
75
96
8
12
9
5
25
16
DEC 09
SEP 09
JUN 09
Gold Coast - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
94
150
150
6
6
6
1
1
1
DEC 09
SEP 09
JUN 09
Toowoomba - Land Sales
<$250k $250k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
56
67
65
7
1
6
1
1
DEC 09
SEP 09
JUN 09
Bundaberg - Land Sales
<$250k $250k+ $500k+
63
27
22
2
6
2
1
1
1
DEC 09
SEP 09
JUN 09
Gladstone - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
94
148
156
21
19
9
5
3
1
DEC 09
SEP 09
JUN 09
Townsville City - Land Sales
<$250k $250k+ $500k+
90
106
143
18
14
11
6
3
1
DEC 09
SEP 09
JUN 09
Cairns - Land Sales<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
122
159
273
60
75
96
8
12
9
5
25
16
DEC 09
SEP 09
JUN 09
Gold Coast - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
Median house and unit prices The median house price in Townsville increased 5.5 per cent over the December quarter to $385,000, and is up 1.4 per cent over the year.
The lack of confidence that impacted the Townsville market during 2009 has now turned a corner with agents reporting increasing enquiry levels as buyers look to a better year ahead.
While cautiousness enveloped the market last year, confidence has returned, especially in the mining and farming sectors. The entire region is also set to benefit from increased numbers of defence personnel as the 3rd Battalion of the Royal Australian Regiment relocates from Holsworthy to Townsville.
The increased number of first home buyers during last year may have helped to underpin the market during economic uncertainty but it also stymied any real growth as would-be second and third generation buyers stayed on the sidelines.
REIQ agents are reporting momentum building in the market as buyers recognise that the economy and the property market have turned a corner.
First-timers are buying between $300,000 to $400,000 from sellers who are then buying in the $500,000 to $600,000 range, with those sellers then looking at the $700,000 and above price bracket.
The first home buyers who are still active in the market are doing their homework – including talking to financiers – long before they purchase a property which ensures the number of contracts falling over due to failed finance has reduced.
The Townsville median unit and townhouse price increased 1.1 per cent to $313,500 over the quarter and 2.7 per cent over the year ending December.
The financial uncertainty of 2009 saw a number of unit developments not go ahead. Sales numbers are down over the quarter and there is also an oversupply of stock at present which is taking longer to sell.
Median land prices The median price of vacant urban land increased by 0.9 per cent to $165,000 over the quarter and went back 0.8 per cent over the year.
This segment of the market did not benefit greatly from first home buyers during 2009 as the preference in Townsville is for first-timers to buy an existing affordable home, spec home or unit.
The restrictions on borrowings also made it difficult for first-timers to get a foothold in this market.
Since the beginning of the year, however, agents are reporting movement in the land market as existing homeowners seek to upgrade to a new house and land.
Median rents The median rent for a three-bedroom house in Townsville remained unchanged at $330 per week in 2009. The median rent for a two-bedroom unit decreased $5 per week to $280 over the same period.
With the Townsville unit market remaining sluggish, many units that are not selling are being added to the rental market, resulting in a slight oversupply. However there has been more activity in the rental market this year with properties not remaining vacant as long. Indeed, investors are prepared to adjust rents to secure tenants.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 5 - March 2010 page 30
MARKETMONITORQ
UE
EN
SLA
ND
TOWnSVIllE CITY
HOUSES
3 BEDROOM HOUSES
2 BEDROOM FLATS/UNITS
MEDIAN WEEKLY RENTSSuburbs/Localities
DecQtr2009NewBonds
DecQtr2008Rent($)
NewBonds
Rent($)Postcode
VACANT URBAN LAND
UNITS & TOWNHOUSES
TOWNSVILLE CITY COUNCIL AREA 330 633 330 624
4810 BelgianGardens/CastleHill/TownsvilleCity/etc. 350 56 360 67
4811 Cluden/Idalia/OakValley/Stuart/Wulguru/etc. 320 28 320 15
4812 Currajong/Gulliver/Mundingburra/Rosslea/etc. 320 51 340 72
4814 Aitkenvale/Cranbrook/Douglas/MtLouisa/etc. 330 198 330 187
4815 Condon/Kelso/Pinnacles/Rasmussen/etc. 300 99 320 88
4816 BalgalBeach/Paluma/Rollingstone/etc. 320 7 280 12
4817 AliceRiver/Kirwan/ThuringowaCentral/etc. 340 128 350 114
4818 BlackRiver/BushlandBch/Deeragun/MtLow/etc. 330 47 330 51
4819 HorseshoeBay/NellyBay/PicnicBay/etc. 290 19 300 18
TOWNSVILLE CITY COUNCIL AREA 275 681 280 693
4810 BelgianGardens/CastleHill/TownsvilleCity/etc. 300 325 310 319
4811 Cluden/Idalia/OakValley/Stuart/Wulguru/etc. 320 46 320 100
4812 Currajong/Gulliver/Mundingburra/Rosslea/etc. 250 181 250 165
4814 Aitkenvale/Cranbrook/Douglas/MtLouisa/etc. 260 65 260 51
4815 Condon/Kelso/Pinnacles/Rasmussen/etc. 230 13 220 12
4817 AliceRiver/Kirwan/ThuringowaCentral/etc. 255 36 250 33
4819 HorseshoeBay/NellyBay/PicnicBay/etc. 200 13 210 10
Suburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
TOWNSVILLE CITY (LGA) 542 $385,000 5.5% $365,000 1.4% 71.3%
TOWNSVILLE CITY (LGA) ^ 47 $454,000 2.0% $426,300 0.3% 80.6%
AITKENVALE~ 14 $391,000 18.1% $333,000 -4.9% 70.8%
ALICERIVER^ 9 $505,000 7.4% $460,000 -4.2% 71.3%
ANNANDALE 38 $475,000 11.8% $440,000 -2.2% 46.2%
BELGIANGARDENS 10 $470,000 N/A $500,000 N/A 61.3%
BOHLEPLAINS 13 $465,000 -1.1% $440,000 -2.2% N/A
BURDELL* 10 $460,000 20.1% $360,000 0.0% N/A
BUSHLANDBEACH 19 $430,000 5.5% $412,500 -1.8% 50.0%
CONDON 27 $338,000 8.2% $326,000 -1.1% 61.0%
CRANBROOK 16 $341,500 6.7% $321,500 -2.3% 73.5%
CURRAJONG 14 $323,500 0.2% $321,000 4.9% 81.4%
DEERAGUN* 14 $355,141 7.3% $335,000 1.5% 119.0%
DOUGLAS 32 $419,250 6.9% $412,000 2.4% 46.5%
GULLIVER 7 $295,000 N/A $300,000 -2.4% 73.7%
HEATLEY 9 $289,000 1.4% $302,500 -4.0% 71.4%
HERMITPARK~ 6 N/A N/A $362,500 -5.8% 64.8%
HYDEPARK 8 $379,000 N/A $370,000 N/A 88.3%
IDALIA 21 $520,000 5.7% $480,000 5.8% 60.9%
KELSO 25 $320,000 -3.0% $325,000 1.6% 91.2%
KELSO^ 5 $454,000 -1.3% $450,000 3.1% 67.9%
KIRWAN 83 $385,000 0.0% $375,000 2.7% 59.6%
MOUNTLOUISA 32 $385,000 -1.9% $391,000 -4.6% 81.9%
MOUNTLOW* 7 $570,000 N/A N/A N/A N/A
MOUNTLOW^ 6 $376,250 N/A $415,000 2.5% 69.7%
MUNDINGBURRA 16 $372,500 -2.3% $370,000 1.7% 57.4%
NORTHWARD 9 $535,000 N/A N/A N/A N/A
PIMLICO 5 N/A N/A $355,000 -0.4% 65.1%
RAILWAYESTATE~ 14 $352,500 9.0% $334,000 -6.2% 57.5%
RASMUSSEN~ 12 $314,500 14.4% $307,500 0.0% 75.7%
SOUTHTOWNSVILLE~ 3 N/A N/A $380,000 16.9% 61.4%
THURINGOWACENTRAL 10 $332,500 -3.6% $345,000 3.0% 62.0%
VINCENT 5 N/A N/A $299,000 -2.9% 69.4%
WESTEND 18 $432,000 13.7% $380,000 2.7% 68.9%
WULGURU~ 15 $325,000 -5.8% $321,500 -1.1% 78.2%
TOWNSVILLE CITY (LGA) 118 $313,500 1.1% $312,000 2.7% 68.6%
DOUGLAS 12 $316,000 1.3% $312,000 N/A 7.2%
HERMITPARK 6 N/A N/A $230,000 -7.4% 62.0%
KIRWAN 3 N/A N/A $290,000 -6.5% 55.1%
NELLYBAY*f 3 N/A N/A $377,000 0.3% -20.6%
NORTHWARD*f 24 $452,500 30.4% $370,000 5.7% 89.7%
PIMLICO 2 N/A N/A $260,000 1.2% 83.1%
RAILWAYESTATE 7 $257,000 N/A N/A N/A N/A
ROSSLEA~f 11 $370,000 12.1% $270,000 -6.9% 74.2%
SOUTHTOWNSVILLE 5 N/A N/A $335,000 N/A 31.4%
TOWNSVILLECITY*f~ 10 $646,700 -14.3% $515,000 28.0% 60.9%
WESTEND* 8 $365,000 58.7% $325,000 22.6% 112.4%
TOWNSVILLE CITY (LGA) 120 $165,000 0.9% $164,000 -0.8% 86.4%
TOWNSVILLE CITY (LGA) ^ 16 $215,000 -1.1% $205,000 -14.6% 184.7%
ALICERIVER^* 7 $220,000 7.3% $203,000 N/A 212.3%
BOHLEPLAINS* 6 $185,000 5.7% $175,000 5.1% N/A
BURDELL* 2 N/A N/A $177,500 N/A N/A
BUSHLANDBEACH* 15 $162,000 7.3% $151,500 -5.0% 75.1%
DEERAGUN* 4 N/A N/A $140,000 3.3% 134.0%
DOUGLAS 14 $205,500 5.4% $185,000 3.1% 99.1%
IDALIA* 7 $265,000 -0.9% $248,000 2.7% 115.7%
KELSO* 18 $144,000 4.2% $142,900 -4.7% 141.0%
MOUNTLOUISA* 6 $166,500 0.9% $165,000 -5.7% 79.3%
MOUNTLOW* 17 $159,000 N/A $159,000 N/A N/A
RASMUSSEN* 6 $153,500 N/A N/A N/A N/A
www.reiq.com.auIssue 5 - March 2010 page 31
MARKETMONITORQ
UE
EN
SLA
ND
CAIRnS REGIOnAl
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
33
35
46
483
678
810
511
522
520
52
77
79
DEC 09
SEP 09
JUN 09
Gold Coast City - House Sales
<$350k $350k+ $500k+ $1m+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
180
227
300
61
45
66
13
7
16
DEC 09
SEP 09
JUN 09
Bundaberg - House Sales
<$350k $350k+ $500k+
190
236
314
255
278
318
97
54
62
DEC 09
SEP 09
JUN 09
Townsville City - House Sales
<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
135
254
265
1036
1358
1709
1444
1409
1468
174
136
127
DEC 09
SEP 09
JUN 09
Brisbane City - House Sales
<$350k $350k+ $500k+ $1m+
935
1308
1600
1278
1586
1831
490
467
506
20
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - House Sales<$350k $350k+ $500k+ $1m+
33
35
46
483
678
810
511
522
520
52
77
79
DEC 09
SEP 09
JUN 09
Gold Coast City - House Sales
<$350k $350k+ $500k+ $1m+
352
439
500
116
130
117
47
28
31
DEC 09
SEP 09
JUN 09
Toowoomba - House Sales
<$350k $350k+ $500k+
44
65
121
409
527
601
298
289
326
36
50
42
DEC 09
SEP 09
JUN 09
Sunshine Coast - House Sales
<$350k $350k+ $500k+ $1m+
198
246
299
92
75
77
20
18
16
DEC 09
SEP 09
JUN 09
Fraser Coast - House Sales<$350k $350k+ $500k+
180
227
300
61
45
66
13
7
16
DEC 09
SEP 09
JUN 09
Bundaberg - House Sales
<$350k $350k+ $500k+
80
93
79
67
88
68
21
27
15
DEC 09
SEP 09
JUN 09
Gladstone - House Sales
<$350k $350k+ $500k+
164
223
268
184
185
244
66
67
57
DEC 09
SEP 09
JUN 09
Cairns - House Sales
<$350k $350k+ $500k+
190
236
314
255
278
318
97
54
62
DEC 09
SEP 09
JUN 09
Townsville City - House Sales
<$350k $350k+ $500k+
86
98
126
167
207
183
66
56
43
DEC 09
SEP 09
JUN 09
Mackay - House Sales
<$350k $350k+ $500k+
159
298
311
96
106
106
32
29
21
DEC 09
SEP 09
JUN 09
Rockhampton - House Sales<$350k $350k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
112
190
236
476
641
771
427
646
541
313
361
385
89
83
68
DEC 09
SEP 09
JUN 09
Gold Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
15
18
31
21
32
43
2
6
5
DEC 09
SEP 09
JUN 09
Bundaberg - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
23
49
41
76
90
109
19
25
28
DEC 09
SEP 09
JUN 09
Townsville - Unit Sales<$250k $250k+ $500k+
41
76
89
341
521
698
742
944
1004
312
336
334
52
51
39
DEC 09
SEP 09
JUN 09
Brisbane City - Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
119
188
243
242
335
381
140
141
164
56
67
51
4
7
10
DEC 09
SEP 09
JUN 09
Brisbane Surrounds- Unit Sales
<$250k $250k+ $350k+ $500k+ $1m+
112
190
236
476
641
771
427
646
541
313
361
385
89
83
68
DEC 09
SEP 09
JUN 09
Gold Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
55
63
72
169
233
243
157
186
192
124
126
92
26
21
27
DEC 09
SEP 09
JUN 09
Sunshine Coast - Unit Sales<$250k $250k+ $350k+ $500k+ $1m+
44
93
103
26
33
45
2
2
2
DEC 09
SEP 09
JUN 09
Toowoomba - Unit Sales<$250k $250k+ $500k+
17
28
22
34
24
52
1
4
3
DEC 09
SEP 09
JUN 09
Fraser Coast - Unit Sales<$250k $250k+ $500k+
15
18
31
21
32
43
2
6
5
DEC 09
SEP 09
JUN 09
Bundaberg - Unit Sales<$250k $250k+ $500k+
5
10
10
14
17
20
6
3
1
DEC 09
SEP 09
JUN 09
Gladstone - Unit Sales<$250k $250k+ $500k+
30
26
30
22
35
56
4
8
9
DEC 09
SEP 09
JUN 09
Rockhampton - Unit Sales<$250k $250k+ $500k+
21
38
28
27
51
43
6
15
20
DEC 09
SEP 09
JUN 09
Mackay - Unit Sales<$250k $250k+ $500k+
23
49
41
76
90
109
19
25
28
DEC 09
SEP 09
JUN 09
Townsville - Unit Sales<$250k $250k+ $500k+
132
198
203
126
131
149
42
48
37
DEC 09
SEP 09
JUN 09
Cairns - Unit Sales<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
56
67
65
7
1
6
1
1
DEC 09
SEP 09
JUN 09
Bundaberg - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
94
148
156
21
19
9
5
3
1
DEC 09
SEP 09
JUN 09
Townsville City - Land Sales
<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
122
159
273
60
75
96
8
12
9
5
25
16
DEC 09
SEP 09
JUN 09
Gold Coast - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
94
150
150
6
6
6
1
1
1
DEC 09
SEP 09
JUN 09
Toowoomba - Land Sales
<$250k $250k+ $500k+
49
84
97
3
6
7
2
2
DEC 09
SEP 09
JUN 09
Fraser Coast - Land Sales
<$250k $250k+ $500k+
56
67
65
7
1
6
1
1
DEC 09
SEP 09
JUN 09
Bundaberg - Land Sales
<$250k $250k+ $500k+
63
27
22
2
6
2
1
1
1
DEC 09
SEP 09
JUN 09
Gladstone - Land Sales
<$250k $250k+ $500k+
64
106
82
2
6
4
2
2
1
DEC 09
SEP 09
JUN 09
Rockhampton - Land Sales
<$250k $250k+ $500k+
104
140
143
12
8
4
3DEC 09
SEP 09
JUN 09
Mackay - Land Sales
<$250k $250k+ $500k+
94
148
156
21
19
9
5
3
1
DEC 09
SEP 09
JUN 09
Townsville City - Land Sales
<$250k $250k+ $500k+
90
106
143
18
14
11
6
3
1
DEC 09
SEP 09
JUN 09
Cairns - Land Sales<$250k $250k+ $500k+
29
98
54
103
172
173
51
55
48
13
19
15
DEC 09
SEP 09
JUN 09
Brisbane City - Land Sales
<$250k $250k+ $350k+ $500k+
578
640
795
135
184
174
30
35
28
8
12
21
DEC 09
SEP 09
JUN 09
Brisbane Surrounds - Land Sales
<$250k $250k+ $350k+ $500k+
122
159
273
60
75
96
8
12
9
5
25
16
DEC 09
SEP 09
JUN 09
Gold Coast - Land Sales
<$250k $250k+ $350k+ $500k+
91
112
176
68
79
99
28
26
18
14
15
19
DEC 09
SEP 09
JUN 09
Sunshine Coast - Land Sales
<$250k $250k+ $350k+ $500k+
Median house and unit prices Median house prices in Cairns fared well for the quarter with a 4.9 per cent increase to $372,500.
Over the year ending December, Cairns’ median house price dropped slightly by 1.4 per cent.
Even though preliminary sales numbers are down by 12.8 per cent on the previous quarter, the figures are encouraging and give momentum for the coming quarters.
Over the period, agents in the area reported a busy December especially, with a positive outlook for 2010, however, they are cautious of looming interest rate hikes and the effect it may have on the property market.
Although not completely scarce, the first home buyer segment seems to be keeping their toes dipped into the market but with more affordable homes rather than the big-ticket properties.
Suburbs that performed well over the December quarter include Redlynch up 13.8 per cent to $460,750; Clifton Beach up 13 per cent to $490,000, and Mooroobool up 12.1 per cent to $356,000.
Brinsmead, traditionally a family-oriented, popular community with the more established larger blocks, also performed well with a median house price increase of 8.1 per cent to $389,000.
The Cairns median unit and townhouse price clawed back lost ground from previous quarters with a 9.1 per cent surge to $265,000 over the December quarter.
As with house sales numbers, unit and townhouse sales numbers were also down for the quarter recording 300 sales in total.
Cairns North median price accelerated by 41.2 per cent to $342,500, although this figure is affected by the varying numbers of waterfront property sold along the Esplanade and the new stock available on the suburb’s fringe.
Demand in the unit and townhouse market was driven heavily by investors over the quarter, while first home buyers looked towards this segment as the more affordable option to owning their first piece of real estate.
Median land prices While demand for vacant urban land softened from first home buyers over the December quarter, its median increased by 2.9 per cent to $175,000 recovering some lost ground over the year.
The median price for vacant urban land in Cairns for the calendar year stands at $169,000, only a slight increase from its median price 12 months ago.
Agents in the area are pleased to see vacant urban land sales picking up.
Mount Sheridan performed well over the period with its median increasing 11.3 per cent to $197,500.
There is very little vacant acreage available in Cairns – rather, buyers are heading out towards the Tablelands to snatch a piece of reasonably priced land.
Median rents Agents in the area have reported vacancy rates to be reasonably high, which is normal for this time of year as people are migrating out of town. This is also a typical time of year when tourism booms.
The median rent for a three-bedroom house in Cairns decreased $15 per week to $300 over 2009, and the median rent for a two-bedroom unit also dropped by $20 to $245 per week.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 5 - March 2010 page 32
MARKETMONITORQ
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CAIRnS REGIOnAl
HOUSES
2 BEDROOM FLATS/UNITS
VACANT URBAN LAND
CAIRNS REGIONAL COUNCIL AREA 300 528 315 593
4865 Goldsborough/Gordonvale/GreenHill/etc. 260 18 275 12
4868 BayviewHeights/MountSheridan/WhiteRock/etc. 300 103 300 95
4869 BentleyPark/Edmonton/MtPeter/etc. 280 64 290 79
4870 Cairns&suburbsofCairns 320 157 330 182
4873 Mossman/CooyaBeach/CowBay/Miallo/etc 250 15 290 26
4877 PortDouglas/Craiglie/Mowbray/OakBeach 400 7 395 12
4878 Caravonica/HollowaysBeach/MachansBch/etc. 320 42 320 55
4879 CliftonBeach/KewarraBeach/PalmCove/etc. 320 93 350 93
CAIRNS REGIONAL COUNCIL AREA 240 969 260 995
4865 Goldsborough/Gordonvale/GreenHill/etc. 210 6 n.a. 3
4868 BayviewHeights/MountSheridan/WhiteRock/etc. 210 67 250 78
4869 BentleyPark/Edmonton/MtPeter/etc. 200 16 220 34
4870 Cairns&suburbsofCairns 245 609 260 592
4873 Mossman/CooyaBeach/CowBay/Miallo/etc 200 15 180 15
4877 PortDouglas/Craiglie/Mowbray/OakBeach 260 66 290 72
4878 Caravonica/HollowaysBeach/MachansBch/etc. 245 55 250 79
4879 CliftonBeach/KewarraBeach/PalmCove/etc. 260 115 280 102
UNITS & TOWNHOUSES
Suburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
3 BEDROOM HOUSES
Suburbs/Localities
DecQtr2009NewBonds
DecQtr2008Rent($)
NewBonds
Rent($)Postcode
MEDIAN WEEKLY RENTS
CAIRNS (LGA) 414 $372,500 4.9% $360,000 -1.4% 44.0%
CAIRNS (LGA) ^ 24 $546,000 -2.8% $572,500 -2.6% 52.7%
BAYVIEWHEIGHTS 6 N/A N/A $360,000 -0.7% 42.0%
BENTLEYPARK~ 33 $347,500 6.3% $334,000 -6.8% 40.9%
BRINSMEAD 20 $389,000 8.1% $397,500 -3.0% 35.2%
BUNGALOW 6 N/A N/A $299,000 N/A 46.6%
CARAVONICA 6 N/A N/A $380,000 -1.2% 58.3%
CLIFTONBEACH 11 $490,000 13.0% $477,500 N/A 21.3%
EARLVILLE 5 N/A N/A $345,000 3.3% 54.2%
EDGEHILL 13 $450,000 3.3% $413,750 -3.2% 37.9%
EDMONTON 29 $330,000 -1.5% $335,000 0.0% 59.5%
GORDONVALE 18 $325,250 9.9% $303,000 2.7% 74.6%
HOLLOWAYSBEACH 5 N/A N/A $356,500 -4.9% 32.0%
KANIMBLA 9 $470,000 N/A $463,500 -2.4% 44.8%
KEWARRABEACH 24 $420,000 3.7% $409,000 1.0% 46.1%
MANOORA 7 $282,000 N/A $290,000 -3.2% 49.7%
MANUNDA~* 8 $298,750 -15.8% $320,000 N/A 52.4%
MOOROOBOOL 23 $356,000 12.1% $332,500 0.0% 44.6%
MOUNTSHERIDAN 34 $354,500 7.4% $335,000 -4.3% 36.7%
PALMCOVE* 8 $440,000 -26.7% $549,500 N/A N/A
PARRAMATTAPARK~ 8 $398,750 -5.1% $391,250 -6.8% 45.2%
PORTDOUGLAS~ 4 N/A N/A $500,000 -5.7% -7.4%
REDLYNCH 24 $460,750 13.8% $412,000 -3.7% 42.1%
REDLYNCH^ 5 $800,000 N/A N/A N/A N/A
SMITHFIELD~* 12 $420,000 28.4% $379,000 -2.1% 59.2%
TRINITYBEACH~* 11 $375,000 -10.7% $389,500 -5.2% 36.9%
TRINITYPARK~ 15 $375,000 -6.3% $379,000 -7.6% 61.3%
WESTCOURT 2 N/A N/A $319,000 N/A 41.8%
WHITEROCK~ 15 $320,000 24.8% $280,000 -9.7% 59.5%
WHITFIELD 14 $481,250 11.3% $432,500 4.2% 40.4%
WOREE~* 11 $360,000 15.4% $295,000 -10.6% 51.3%
CAIRNS (LGA) 300 $265,000 9.1% $251,000 0.4% 43.4%
BUNGALOW 7 $210,000 9.1% $204,000 5.7% 70.0%
CAIRNSCITY~ 32 $437,500 -4.7% $435,000 11.3% 35.9%
CAIRNSNORTH*f 38 $342,500 41.2% $285,000 7.5% 23.9%
CLIFTONBEACH*f 6 N/A N/A $307,500 -7.9% -6.4%
EDGEHILL 3 N/A N/A $202,000 -5.4% 90.6%
FRESHWATER 3 N/A N/A $260,000 -7.1% 52.9%
HOLLOWAYSBEACH 1 N/A N/A $222,000 N/A 44.2%
KEWARRABEACH 6 N/A N/A $379,000 -9.0% 39.0%
MANOORA 8 $193,750 4.7% $195,500 -3.2% 47.0%
MANUNDA* 17 $170,000 -15.4% $190,750 6.7% 80.0%
MOOROOBOOL~* 8 $192,000 -26.2% $237,000 -18.3% 69.3%
PALMCOVE~* 15 $400,000 8.1% $362,500 -12.7% -20.2%
PARRAMATTAPARK~ 12 $214,375 -27.3% $226,000 -15.7% 33.7%
PORTDOUGLAS* 39 $370,000 37.0% $270,000 17.4% 7.4%
REDLYNCH 2 N/A N/A $235,000 -16.1% 47.8%
TRINITYBEACH 28 $311,250 0.4% $300,000 -2.1% 39.5%
WESTCOURT* 11 $341,350 5.7% $320,850 24.6% 156.7%
WHITEROCK 10 $260,000 N/A $255,000 -5.6% 23.2%
WOREE~ 8 $170,250 7.1% $184,500 -0.5% 55.4%
YORKEYSKNOB 6 N/A N/A $200,000 -11.1% 7.8%
CAIRNS (LGA) 111 $175,000 2.9% $169,000 -0.6% 53.6%
CAIRNS (LGA) ^ ~ g 18 $210,000 -20.8% $247,500 106.3% 200.0%
BENTLEYPARK* 5 $147,000 0.7% $145,000 -8.0% 84.7%
CRAIGLIE 7 $175,000 N/A N/A N/A N/A
EDMONTON 4 N/A N/A $124,000 2.6% 45.9%
GOLDSBOROUGH^* 5 $175,000 N/A N/A N/A N/A
GORDONVALE* 6 $125,750 1.0% $112,250 -12.8% 41.4%
MOUNTSHERIDAN* 8 $197,500 11.3% $175,000 N/A 110.8%
PALMCOVE* 14 $175,000 N/A $175,000 -30.0% N/A
REDLYNCH* 10 $185,000 5.7% $170,000 0.0% 41.7%
SMITHFIELD* 7 $189,315 -11.3% $199,000 -21.3% N/A
TRINITYBEACH* 16 $155,000 -18.4% $180,000 -9.1% N/A
TRINITYPARK* 14 $179,500 7.8% $170,000 -1.6% -20.6%
Please see page 36 for legend and further notes
www.reiq.com.auIssue 5 - March 2010 page 33
MARKETMONITORQ
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OTHER REGIOnAl AREAS
HOUSES HOUSES continued
Suburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
BALONNE (LGA) 3 N/A N/A $169,000 18.2% 46.6%
STGEORGE 1 N/A N/A $177,500 5.0% 47.9%
BANANA SHIRE (LGA) ~ 29 $240,000 -14.3% $265,000 3.3% 171.8%
BILOELA 16 $307,500 4.2% $285,000 -1.0% 127.1%
BARCALDINE (LGA) ~ 5 N/A N/A $152,500 27.1% 286.1%
BURDEKIN (LGA) 31 $240,000 6.9% $226,000 -6.7% 139.2%
AYR~ 23 $260,000 15.6% $240,000 -4.0% 140.0%
HOMEHILL~ 7 $210,000 -8.7% $224,000 12.3% 180.0%
CASSOWARY COAST (LGA) ~ 45 $280,000 0.7% $260,000 -8.8% 85.7%
CASSOWARY COAST (LGA) ^ ~ 12 $350,000 -5.4% $365,000 -8.8% 108.6%
EASTINNISFAIL 3 N/A N/A $242,000 -1.2% 104.2%
TULLY 6 N/A N/A $230,000 N/A 91.7%
CENTRAL HIGHLANDS (LGA) 68 $349,000 2.6% $340,000 8.3% 100.3%
CENTRAL HIGHLANDS (LGA) ^ ~ 4 N/A N/A $412,500 16.2% 123.0%
BLACKWATER~ 21 $315,000 17.8% $285,000 6.5% 128.0%
EMERALD 43 $385,000 1.9% $375,000 7.1% 80.3%
EMERALD^~ 1 N/A N/A $540,000 14.9% 64.9%
CHARTERS TOWERS (LGA) 16 $236,250 0.5% $220,000 2.3% 152.9%
CHARTERS TOWERS (LGA) ^ ~ 8 N/A N/A $375,000 -5.1% 120.6%
LISSNER 4 N/A N/A $196,500 -1.8% N/A
QUEENTON~ 6 N/A N/A $245,000 23.4% N/A
RICHMONDHILL 3 N/A N/A $243,000 -2.8% N/A
DALBY (LGA) 55 $255,000 4.1% $245,000 8.9% 107.6%
DALBY (LGA) ^ 20 $353,750 36.1% $325,000 20.4% 138.5%
CHINCHILLA~ 18 $269,500 -7.0% $274,000 13.0% 138.3%
DALBY 22 $311,000 13.1% $259,000 10.2% 99.2%
DALBY^ 9 $439,000 8.4% $428,000 25.9% 92.8%
MILES~ 9 $185,000 -23.6% $228,750 N/A 193.3%
GOONDIWINDI (LGA) 25 $258,000 -9.5% $251,500 21.8% 88.4%
GOONDIWINDI 19 $268,000 -13.8% $302,500 21.0% 70.9%
GYMPIE (LGA) 118 $295,000 3.5% $285,000 -0.3% 50.0%
GYMPIE (LGA) ^ 43 $370,000 -3.9% $360,000 -3.5% 45.5%
COOLOOLACOVE 14 $306,250 -2.0% $318,750 2.3% 41.7%
CURRA^ 1 N/A N/A $289,000 7.0% 52.1%
GYMPIE 52 $273,750 4.3% $265,000 -3.6% 52.7%
MONKLAND 4 N/A N/A $255,000 -2.1% 57.2%
RAINBOWBEACH 7 $510,000 N/A N/A N/A N/A
SOUTHSIDE 20 $352,500 0.9% $336,000 -0.6% 33.1%
THEPALMS^ 5 $370,000 N/A N/A N/A N/A
TINCANBAY~ 8 $321,000 8.8% $310,000 -10.1% -2.4%
VETERAN^ 2 N/A N/A $402,500 N/A N/A
HINCHINBROOK (LGA) ~ 17 $294,000 18.8% $259,000 4.6% 121.4%
FORRESTBEACH~ 11 $318,310 N/A $318,310 N/A 109.1%
INGHAM 3 N/A N/A $241,250 3.8% 153.9%
ISAAC (LGA) 25 $400,000 0.6% $400,000 9.6% 166.7%
CLERMONT 4 N/A N/A $290,000 -1.7% 328.0%
DYSART~ 3 N/A N/A $420,000 13.5% 341.6%
MORANBAH~ 16 $450,000 8.8% $437,500 16.0% 133.3%
LOCKYER VALLEY (LGA) 46 $275,000 0.9% $269,000 3.5% 64.5%
LOCKYER VALLEY (LGA) ^ 51 $360,000 10.1% $337,750 5.5% 73.2%
GATTON 22 $287,500 3.6% $278,500 1.3% 50.5%
KENSINGTONGROVE^ 7 $400,000 8.1% $370,000 14.6% 129.1%
LAIDLEY 12 $232,500 -7.4% $244,000 2.1% 68.3%
LAIDLEYHEIGHTS^ 9 $315,000 0.0% $307,900 6.2% 72.0%
PLAINLAND^ 3 N/A N/A $315,000 -3.4% 78.7%
REGENCYDOWNS^ 7 $379,000 20.3% $320,000 7.0% 78.8%
LONGREACH (LGA) ~ 13 $265,000 37.7% $235,000 19.3% 147.4%
LONGREACH~ 12 $272,500 29.5% $240,000 16.8% 128.6%
MARANOA (LGA) 41 $247,000 -5.5% $245,000 16.7% 157.9%
ROMA 31 $268,000 -2.5% $256,250 3.1% 120.4%
Median house and unit pricesThe affordability of Queensland’s regional and rural areas helped to safeguard these localities during the financial uncertainties of the past 18 months.
Over the year ending December 2009, many of these areas recorded significantly higher rates of median property price growth than the more populated regional and urban areas of the State.
Proximity to current or future mining operations – particularly in Central Queensland and the Darling Downs – has ensured very healthy price growth over 2009.
The Dalby and Maranoa local government areas recorded a median house price of $245,000 over the year ending December 2009, showing increases of 8.9 per cent and 16.7 per cent respectively. Both of these regions are located near the burgeoning Surat Basin energy province.
Similarly, property prices in the Central Highlands, Isaac and Longreach local government areas recorded robust house price gains over the period as the resources sector returned to its position of strength.
In the unit and townhouse market, new waterfront unit sales at Airlie Beach and Cannonvale helped the Whitsunday Regional council area record a 15.7% increase in its quarterly median sale price.
Median land pricesThe very low price of most vacant urban and acreage land in regional and rural areas also underpinned this segment of the market throughout last year with solid median price gains in many regions.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 5 - March 2010 page 34
MARKETMONITORQ
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OTHER REGIOnAl AREAS
VACANT URBAN LAND
HOUSES HOUSES continued
Suburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
UNITS & TOWNHOUSES
MOUNT ISA (LGA) 56 $318,500 2.7% $323,000 -3.6% 164.2%
HEALY 8 $361,750 -13.9% $355,000 -2.1% N/A
MORNINGTON 7 $270,000 1.5% $300,000 0.8% N/A
PARKSIDE 4 N/A N/A $300,000 -6.8% N/A
SOLDIERSHILL 6 N/A N/A $317,500 -3.8% N/A
SUNSET 4 N/A N/A $322,000 -2.7% N/A
TOWNVIEW 8 $337,500 5.5% $320,000 -9.9% N/A
WINSTON 2 N/A N/A $330,000 N/A N/A
MURWEH (LGA) ~ 8 N/A N/A $135,500 7.3% 93.6%
CHARLEVILLE~ 8 $179,500 26.9% $143,000 -1.4% 100.7%
NORTH BURNETT (LGA) 27 $170,000 -5.6% $165,000 10.0% 106.3%
GAYNDAH 9 $215,000 0.0% $195,000 20.0% 106.3%
PAROO (LGA) 3 N/A N/A $60,000 N/A 25.0%
CUNNAMULLA 3 N/A N/A $60,000 N/A 9.1%
SCENIC RIM (LGA) 62 $357,500 5.8% $352,000 0.6% 45.5%
SCENIC RIM (LGA) ^ 37 $495,000 18.1% $435,000 -3.3% 40.3%
BEAUDESERT 14 $320,750 10.4% $310,000 -2.8% 59.0%
BOONAH 11 $272,500 2.8% $280,000 -4.4% 69.7%
KOORALBYN^ 8 $342,500 -1.4% $332,000 0.6% 41.3%
TAMBORINEMOUNTAIN 23 $450,000 4.7% $445,000 -3.3% 35.3%
TAMBORINEMOUNTAIN^ 9 $760,000 N/A N/A N/A N/A
SOMERSET (LGA) 32 $297,000 -0.6% $272,500 9.3% 70.3%
SOMERSET (LGA) ^ 33 $390,000 5.4% $360,000 2.9% 44.0%
ESK^ 1 N/A N/A $325,000 N/A N/A
FERNVALE 8 $352,500 3.3% $347,500 N/A N/A
KILCOY 8 $294,000 N/A $285,000 4.6% 48.4%
LOWOOD 4 N/A N/A $265,000 15.7% 65.6%
LOWOOD^ 8 $321,500 -2.6% $316,500 -2.6% 26.5%
TOOGOOLAWAH 6 N/A N/A $210,000 -4.5% 44.8%
SOUTH BURNETT (LGA) 44 $246,000 0.9% $236,000 7.3% 71.0%
SOUTH BURNETT (LGA) ^ 35 $265,000 -5.0% $275,000 0.0% 83.3%
KINGAROY 22 $269,500 9.1% $257,000 4.9% 60.6%
KINGAROY^ 4 N/A N/A $420,000 15.5% 62.8%
MURGON~ 5 N/A N/A $185,000 15.6% 98.9%
NANANGO~ 11 $251,500 34.1% $226,500 7.9% 74.2%
NANANGO^~ 6 $249,000 9.5% $256,000 -7.9% 79.6%
SOUTHNANANGO^ 5 $325,000 N/A $286,000 N/A 97.2%
WONDAI~ 3 N/A N/A $225,000 18.4% 80.0%
SOUTHERN DOWNS (LGA) 91 $247,500 6.7% $235,000 4.4% 62.1%
SOUTHERN DOWNS (LGA) ^ 23 $335,000 -3.6% $341,250 11.5% 89.6%
STANTHORPE 21 $235,000 2.2% $227,500 7.1% 62.5%
STANTHORPE^ 3 N/A N/A $367,500 N/A 96.3%
WARWICK 53 $254,000 6.1% $246,000 4.5% 55.7%
TABLELANDS (LGA) 61 $305,000 5.2% $290,000 -3.3% 101.4%
TABLELANDS (LGA) ^ ~ 34 $438,750 7.0% $410,000 -11.2% 82.6%
ATHERTON 17 $330,000 1.5% $340,000 -4.8% 100.0%
KURANDA^~ 7 $460,000 -7.4% $465,000 1.1% 66.1%
MAREEBA 15 $315,000 15.2% $279,250 1.5% 114.8%
WEIPA (LGA) 10 $382,500 N/A $360,000 33.9% 116.9%
WHITSUNDAY (LGA) 64 $422,500 7.0% $400,000 3.9% 110.5%
WHITSUNDAY (LGA) ^ 5 N/A N/A $485,000 -3.0% 73.2%
BOWEN 26 $362,500 5.1% $352,000 -2.2% 104.9%
CANNONVALE~ 16 $486,250 11.8% $457,500 -5.7% 26.2%
JUBILEEPOCKET~ 5 N/A N/A $426,000 -6.6% 43.9%
PROSERPINE 9 $395,000 N/A $350,000 4.5% 105.9%
CASSOWARY COAST (LGA) 11 $285,000 9.6% $265,000 6.0% 65.6%
CENTRAL HIGHLANDS (LGA) 15 $317,500 11.4% $297,500 5.5% 103.8%
EMERALD 15 $317,500 11.4% $303,750 7.7% 108.0%
DALBY (LGA) 4 N/A N/A $285,000 N/A N/A
GYMPIE (LGA) 12 $280,750 N/A $272,622 1.3% 20.1%
LOCKYER VALLEY (LGA) 6 $210,250 N/A $230,000 N/A N/A
GATTON 6 $210,250 N/A $225,000 N/A N/A
SCENIC RIM (LGA) 5 N/A N/A $201,500 11.2% 91.0%
SOUTH BURNETT (LGA) ~ * 2 N/A N/A $188,000 -9.8% 172.5%
KINGAROY~ 2 N/A N/A $180,000 -11.5% N/A
SOUTHERN DOWNS (LGA) ~ * - N/A N/A $233,000 13.7% 91.8%
TABLELANDS (LGA) * 4 N/A N/A $211,000 -23.3% 83.5%
WEIPA (LGA) * 6 N/A N/A $155,371 20.6% N/A
WHITSUNDAY (LGA) * f 23 $365,000 15.7% $337,500 -4.3% 20.5%
AIRLIEBEACH* 7 $400,000 4.6% $423,000 -15.4% -4.7%
BOWEN 2 N/A N/A $340,000 9.7% N/A
CANNONVALE*f 11 $340,000 26.4% $300,500 -8.9% 36.6%
BANANA SHIRE (LGA) 8 N/A N/A $127,750 16.1% 411.0%
CASSOWARY COAST (LGA) ~ 20 $155,000 20.2% $127,000 -9.3% 38.0%
CASSOWARY COAST (LGA) ^ ~ * 9 N/A N/A $134,000 -13.5% 135.1%
SOUTHMISSIONBEACH 2 N/A N/A $120,000 N/A 0.8%
CENTRAL HIGHLANDS (LGA) 25 $125,000 19.0% $115,500 10.0% 175.0%
BLACKWATERG 3 N/A N/A $92,500 2.8% 507.6%
EMERALD 16 $125,000 4.2% $125,000 -7.4% 150.0%
CHARTERS TOWERS (LGA) ^ * ~ 6 N/A N/A $142,250 29.3% 216.1%
DALBY (LGA) G 30 $104,000 -5.4% $109,900 15.7% 510.6%
DALBY (LGA) ^ ~ 36 $86,000 -9.5% $90,000 58.0% 275.4%
CHINCHILLA 15 $98,500 -1.5% $97,000 7.8% 153.6%
CHINCHILLA^ 9 $95,000 -5.0% $95,000 5.6% N/A
DALBY~* 12 $123,500 5.1% $117,500 21.1% 193.8%
DALBY^ 9 $109,500 4.3% $107,750 7.8% 139.4%
TARA^~ 10 $40,000 -35.5% $38,500 4.1% 280.2%
GOONDIWINDI (LGA) 5 N/A N/A $75,000 -6.3% 133.6%
Please see page 36 for legend and further notes
www.reiq.com.auIssue 5 - March 2010 page 35
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OTHER REGIOnAl AREAS
VACANT URBAN LAND continued
3 BEDROOM HOUSES
2 BEDROOM FLATS/UNITS
SCENIC RIM REGIONAL COUNCIL AREA 300 134 295 123
4270 Tamborine 390 8 n.a. 3
4271 EagleHeights 330 19 330 12
4272 TamborineMountain 325 9 350 20
4275 Biddaddaba/Boyland/Canungra/etc. 350 10 360 9
4285 Beaudesert/CedarVale/Kooralbyn/etc. 300 53 290 51
4307 Harrisvale/Mutdapilly/etc. 265 5 n.a. 2
4309 Aratula/Kalbar 250 7 210 6
4310 Boonah/Duganden/MtAlford 240 22 230 19
GYMPIE REGIONAL COUNCIL AREA 250 197 240 198
4570 Gympie/Curra/Imbil/Monkland/Southside/etc. 250 153 245 143
4580 Cooloola/TinCanBay 245 29 230 39
4581 RainbowBeach/Inskip 260 5 n.a. 2
WHITSUNDAY REGIONAL COUNCIL AREA 350 155 380 152
4800 CannonValley/Conway/Proserpine/etc. 295 32 300 22
4802 AirlieBeach/Cannonvale/Whitsundays/etc. 380 64 420 66
4804 Collinsville 270 17 360 10
4805 Bowen 350 42 345 54
SCENIC RIM REGIONAL COUNCIL AREA 185 30 185 22
4285 Beaudesert/CedarVale/Kooralbyn/etc. 185 18 170 16
4310 Boonah/Duganden/MtAlford 180 5 n.a. 0
GYMPIE REGIONAL COUNCIL AREA 180 52 180 45
4570 Gympie/Curra/Imbil/Monkland/Southside/etc. 175 34 180 30
4580 Cooloola/TinCanBay 215 5 n.a. 3
4581 RainbowBeach/Inskip 220 11 200 7
WHITSUNDAY REGIONAL COUNCIL AREA 280 165 275 143
4800 CannonValley/Conway/Proserpine/etc. 210 14 230 15
4802 AirlieBeach/Cannonvale/Whitsundays/etc. 300 113 310 89
4804 Collinsville n.a. 1 n.a. 2
4805 Bowen 205 30 200 33
MEDIAN WEEKLY RENTSSuburbs/Localities
DecQtr2009NewBonds
DecQtr2008Rent($)
NewBonds
Rent($)Po
stcode
VACANT URBAN LAND continued
Suburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Dec change 12mthsto change changeLocality SalesDec Qtr over theendof over over Qtr2009 2009 qtr” Dec2009 1yr” 5yrs
GYMPIE (LGA) 42 $126,500 3.7% $123,250 1.0% 48.5%
GYMPIE (LGA) ^ 22 $156,250 15.7% $144,750 -11.7% 70.3%
COOLOOLACOVE* 8 $131,500 4.8% $125,000 -15.4% 43.7%
CURRA^ 4 N/A N/A $114,000 -5.0% 90.0%
GYMPIE* 7 $110,000 0.9% $105,000 -12.5% 40.0%
JONESHILL* 6 $131,000 N/A N/A N/A N/A
SOUTHSIDE* 12 $128,000 12.8% $124,000 10.2% 49.4%
HINCHINBROOK (LGA) ~ 15 $90,000 N/A $90,000 -10.0% 63.6%
FORRESTBEACH~ 10 $94,500 N/A $90,000 -12.6% 42.9%
ISAAC (LGA) ~ 53 $120,000 0.5% $120,000 33.3% 281.0%
MORANBAH~ 50 $120,000 0.5% $120,000 30.3% 275.0%
LOCKYER VALLEY (LGA) 25 $124,000 0.0% $118,000 3.5% 103.4%
LOCKYER VALLEY (LGA) ^ 33 $147,500 6.1% $140,000 2.3% 125.8%
GATTON 12 $130,000 -4.6% $131,000 4.6% 122.0%
KENSINGTONGROVE^ 7 $147,000 N/A $143,500 1.8% 156.3%
LAIDLEY 5 $115,000 -3.0% $115,000 1.8% N/A
REGENCYDOWNS^ 3 N/A N/A $139,725 0.5% 140.9%
MARANOA (LGA) ~ 9 N/A N/A $57,000 96.6% 185.0%
NORTH BURNETT (LGA) ~ * 8 N/A N/A $45,000 60.7% 200.0%
NORTH BURNETT (LGA) ^ 3 N/A N/A $130,000 4.0% 136.4%
SCENIC RIM (LGA) 18 $192,000 3.2% $185,500 7.3% 108.4%
SCENIC RIM (LGA) ^ 13 $204,000 -5.1% $219,750 12.1% 158.5%
BEAUDESERT* 6 $198,000 -0.3% $195,000 N/A 80.3%
GLENEAGLE* 4 N/A N/A $173,000 N/A N/A
KOORALBYN^ 3 N/A N/A $110,500 0.5% 121.0%
TAMBORINEMOUNTAIN 5 $265,000 N/A $245,000 N/A 36.1%
SOMERSET (LGA) 15 $128,000 6.7% $128,000 0.2% 153.5%
SOMERSET (LGA) ^ ~ * 12 $235,000 -6.0% $220,000 30.2% 144.4%
FERNVALE* 8 $132,250 5.0% $131,500 1.5% N/A
FERNVALE^ 1 N/A N/A $154,000 0.0% N/A
LOWOOD* 2 N/A N/A $130,000 3.6% N/A
SANDYCREEK^* 4 N/A N/A $250,000 N/A N/A
SOUTH BURNETT (LGA) ~ * 30 $62,500 -21.9% $85,500 23.9% 228.8%
SOUTH BURNETT (LGA) ^ 21 $98,000 3.2% $100,000 13.6% 163.2%
KINGAROY* 12 $110,000 10.0% $110,000 12.2% 100.0%
KINGAROY^* 2 N/A N/A $140,000 N/A 105.9%
SOUTHERN DOWNS (LGA) ~ * 22 $89,950 0.1% $89,900 28.5% 143.0%
SOUTHERN DOWNS (LGA) ^ 18 $140,000 8.1% $145,000 -0.9% 130.2%
WARWICK 14 $95,000 0.5% $92,900 0.4% 62.4%
TABLELANDS (LGA) 21 $121,000 5.2% $115,000 4.5% 164.4%
TABLELANDS (LGA) ^ ~ 15 $198,000 0.3% $188,750 -7.9% 151.7%
ATHERTON 8 $129,000 7.5% $120,000 9.1% 103.4%
MAREEBA~ 7 $100,000 8.1% $100,000 -13.0% 150.0%
MILLSTREAM^ 1 N/A N/A $97,500 N/A 186.8%
WHITSUNDAY (LGA) * 49 $150,000 -5.1% $155,000 -6.1% 31.9%
WHITSUNDAY (LGA) ^ 9 N/A N/A $244,000 -7.0% 79.4%
BOWEN~f 22 $151,250 0.8% $145,000 -9.7% 45.0%
CANNONVALE* 8 $172,500 6.2% $165,000 -19.5% 27.2%
PROSERPINE* 12 $104,495 N/A $115,000 -4.2% N/A
SALES DATA
All figures are preliminary based upon sales records available as at 19 February 2010 and are subject to further revision. Only suburbs to record sufficient sales numbers have been included
“ The calculations of percentage change in median prices compare preliminary estimates in the current period with preliminary estimates in the previous period where sufficient sales are recorded
N/A No preliminary estimate available due to insufficient sales numbers
(LGA) Local Government Area
Brisbane (SD)– Brisbane Statistical Division which includes the shires of Brisbane City, Ipswich City, Logan City, Moreton Bay Regional and Redland City.
^ Denotes acreage sales - on land size greater than 2,400m2. All other house and land sale statistics are based on land size under 2,400m2 . Unit and townhouse data includes sales of all building units and group titled properties.
~ Medians affected by varying quality of stock sold
* Medians affected by varying quantities of new properties sold
f Medians affected by varying numbers of waterfront properties sold
g Sales volumes and median affected by QLD government acquisitions in the areaG Sales volumes and median affected by QLD government sales in the area
+ Due to the nature of properties in this suburb, some group titled property sales have been included
- Due to the nature of properties in this suburb, some group titled property sales have been omitted
m Historical medians affected by ‘off-market’ sales by mining companies
M Sales volumes and medians affected by mining company sales
g Sales volumes and median affected by QLD government acquisitions in the area
¹ Paradise Point - excludes Sovereign and Ephraim Islands sales
SOURCE: REIQ. Raw data made available by QLD Department of Environment and Resource Management, (QVAS), via RP Data and PDS Live. This information has been carefully compiled and is not intended to be treated as a warranty or promise as to the correctness of the information. Interested parties should undertake independent enquiries and investigations to satisfy themselves that any details herein are true and correct. The REIQ does not allow this information to be used for advertising or marketing purposes. Enquiries about the reproduction of part or all of the information should be directed to the Marketplace Strategy Division, REIQ
RENTAL DATA
All rental data is collated by postcode. Where no postcode is listed, insufficient new bonds were lodged in order to calculate a reliable statistic. For more information go to www.rta.qld.gov.au
^ The relatively small number of bond lodgements for properties in these areas make median rent values less reliable
~ Based upon former council boundaries
n.a. Not Available (the number of new bonds lodged was too small to provide a reliable estimate)
N/A Historical data for the new Local Government City and Regional Council areas is not available
** Historical data based upon former LGA boundaries. Comparisons between the number of bonds lodged should be used with caution
Source: Residential Tenancies Authority, Rental Bond lodgements www.rta.qld.gov.au
GROSS RENTAL YIELDS
¹Based upon median weekly rent for 3-bedroom houses, source: Residential Tenancies Authority
²Includes townhouses. Based upon median weekly rent for 2-bedroom flats, source: Residential Tenancies Authority
PRICE POINT GRAPHS - SALES NUMBERS
All figures are preliminary based upon sales records available as at the time of reporting for each corresponding quarter and are subject to further revision. Comparisons between quarters should be used as a guide only.
HOUSES UNITS LOCAL GOVERNMENT AREA DEC QTR SEPT QTR DEC QTR SEPT QTR 2009 2009 2009 2009
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GROSS REnTAl YIElDS
ExPlAnATORY nOTES
SOUTHEAST QUEENSLAND
Brisbane City 4.1% 4.0% 5.1% 4.9%
Ipswich City 4.4% 4.6% 5.0% 4.4%
Logan City 4.8% 4.8% 5.2% 4.8%
Moreton Bay Regional 4.2% 4.2% 4.5% 4.5%
Redland City 4.3% 4.4% 5.0% 4.8%
Gold Coast City 4.5% 4.5% 5.3% 5.1%
Sunshine Coast Regional 4.3% 4.3% 4.5% 4.6%
REGIONAL QUEENSLAND
Toowoomba Regional 4.7% 4.9% 4.3% 2.6%
Gympie Regional 4.6% 4.4% 4.4% N/A
Fraser Coast Regional 4.6% 4.3% 4.1% 2.8%
Bundaberg Regional 4.9% 4.7% 4.3% 3.7%
Gladstone Regional 4.3% 4.2% 4.3% 5.2%
Rockhampton Regional 4.9% 4.7% 4.1% 3.7%
Mackay Regional 5.2% 5.1% 5.1% 4.5%
Whitsunday Regional 4.7% 5.6% 4.9% 4.2%
Townsville City 4.8% 4.8% 5.0% 4.2%
Cairns Regional 4.4% 4.7% 5.6% 4.1%
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RESEARCH METHODOlOGY
Real estatetrends inQueensland’stowns & suburbs
In order to measure recent performance of the Queensland property market, Queensland Market Monitor records the median sale price by locality and by local government area (LGA) state-wide where sufficient sales numbers are recorded.
Analysts regard the median sale price, defined as “the middle sale taken from all the sales in a locality throughout a specified period” as the most representative figure. Unlike other averages, which can be skewed by very high or very low sales, the median is generally reflective of current market activity. The REIQ’s research data is based on sales records of the most recent reportable quarter held by the Department of Environment and Resources Management’s Queensland Valuation and Sales database (QVAS). Given the delays in sales records being made available by QVAS (three months on average) the REIQ initially publishes quarterly figures using approximately 60 to 70 per cent of sales contracted in the quarter.
As such, the percentage changes compare current preliminary estimates with preliminary estimates for the previous period. A percentage change is not available where there is no preliminary estimate available.
Quarterly sales figures are generally an indication of the latest sales activity in an area. They reflect the types of properties that have sold over a three-month period and can therefore be quite volatile. Where possible, annotations have been used to explain fluctuations in the sales data. These are often caused by varying quality of stock, waterfront properties or new property sales.
To provide a more macro or historical trend view of a suburb’s and LGA’s market performance, the annual median price is also provided as are percentage changes over the last one and five years.
To ensure this data is as reflective of the overall market as possible, only suburbs that recorded a minimum of 25 sales for houses and unit/townhouses; or 20 sales for acreage and vacant land over the 12 month period are recorded.
On a quarterly basis, a minimum of 10 sales are required for metropolitan Brisbane. In regional areas, where there are generally fewer sales compared with metropolitan volumes, suburbs with a minimum of seven house or unit/townhouse sales or a minimum of five acreage or vacant land sales in a locality are included. A suburb with fewer sales numbers is generally regarded as having a sample size too small to be truly demonstrative.
Another point of difference with REIQ research is our use of contract date figures rather than the ‘settlement date’. In accruing quarterly results, some analysts use the date on which the property settled rather than the date that the parties signed a contract of sale. In Queensland, there could be up to 60 or 90 days between the time a contract of sale is signed (the day on which the parties legally agree on the price the property will sell for) and the day on which the property settles. The REIQ believes that collating quarterly statistics based on settlement date figures does not most accurately reflect the state of the market in any given quarterly period.
For further information on real estate data email REIQ’s research analyst, Yvette Burton [[email protected]].
Coming from a period of unprecedented first homebuyer activity in the property market last year, the start of 2010 has seen a big shift in buyer demographics.
Keith Levy, Manager Deposit Power, said that while there is still some first homebuyer activity, “with the government incentives returning to normal levels, purchases are now predominantly coming from up-graders and investors.”
This year we have also seen high house prices which Mr Levy says could be due to less stock coming into the market.
“Properties are selling quickly and at good prices but real estate agents are telling us that there is a shortage of homes for sale,” Mr Levy said.
In a market where demand is high, another issue can be determining how much a buyer should provide as a deposit on a property.
“In Queensland, typically buyers pay small deposits, and it has become a habit for real estate agents to accept minimal deposits. The problem with this practice is that if settlement doesn’t happen, the seller only has a small
Trends and turnarounds:the return of the property investor
deposit which may not cover the real estate agent’s entitled commission,” Mr Levy said.
“It therefore makes sense for agents to encourage buyers to provide a 10 per cent deposit and Deposit Guarantees are the perfect solution where buyers don’t have immediate access to a cash deposit”.
Mr Levy explains that Deposit Guarantees can be an effective tool in attracting qualified and committed buyers. Property investors or people buying and selling homes simultaneously often have their cash tied up in existing property, and deposit guarantees provide a way for these qualified buyers to secure the property now and pay the full purchase price (including the deposit) at settlement.
Long term deposit guarantees are also available to suit settlement terms from 6 to 48 months, and can be useful for purchasing off-the-plan, properties under construction or vacant land with extended settlements.
“For a seller, accepting a deposit guarantee can also give them certainty that the buyer is serious as they have demonstrated their financial ability to complete the sale to the guarantee issuer.”
For information on Deposit Guarantees, contact Kim Mustar, Deposit Power Business Development Manager on 0418 230 693 or go to www.depositpower.com.au.
Deposit Power is Australia’s leading provider of Deposit Guarantees. Having issued the first Deposit Guarantee in the Australian market in 1989, Deposit Power has now assisted over 750,000 Australians to purchase property.
Deposit Guarantees substitute for a cash deposit when purchasing residential property and can be used by investors, first homebuyers, people buying and selling simultaneously and for extended settlement contracts such as off the plan or vacant land purchases.
Deposit Power is part of Vero Insurance Limited, one of Australia’s largest and most suc-cessful intermediated general insurance companies.
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Queensland Market Monitor is a quarterly, electronic publication entirely focused on residential sales and rental research data for regions throughout the State, on a suburb-by-suburb basis. It meets the high standards for accurate data and reliable analysis that you have come to expect from the REIQ.
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• Median sale prices for houses, units/townhouses and land; • Median weekly rents for houses and units/townhouses; • Gross rental yields; • Rental vacancy rates (twice a year); • Useful charts and graphs; • Detailed comparisons; and • Analytical commentary.
This detailed level of information will enable you to conduct valuable comparisons between various regions and market segments, and to ensureyou are completely informed of all the latest market trends and fl uctuations.
Y O U R S T A T E - W I D E P R O P E R T Y R E S E A R C H G U I D E - S U B U R B B Y S U B U R B
The Real Estate Institute of Queensland
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