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www.reiq.com.au
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 6
10% Deposit - it just makes senseClick here to discover how a Deposit Power Guarantee can secure a 10% deposit.
MARCH QUARTER 2010QUEENSLAND PROPERTY MARKET HOLDS STEADY
SNAPSHOT Of LGA DATA
www.reiq.com.auIssue 6 - March Quarter 2010 page 2
MARKETMONITORQ
UE
EN
SLA
ND
MARCH QUARTER 2010 STATE-WIDE SUMMARY
CONTENTS
State-wide Summary.................................. page 2
Regional Overview
[Houses, Units & Townhouses, Vacant land, Rents]
Brisbane City.......................................... page 4 Brisbane Surrounds.............................. page 9 Gold Coast City..................................... page 13 Toowoomba Regional........................... page 16 Sunshine Coast 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
MARCH QUARTER 2010 HOUSES
LOCAL GOVERNMENT AREA Median Change
Mar Qtr 10 over qtr
The Real Estate Institute of Queensland Ltd. Copyright © 2010
21 Turbo Drive, Coorparoo, PO Box 1555, Coorparoo DC Q 4151
Ph: (07) 3249 7347 fax: (07) 3249 6211 Email: [email protected]
Queensland Market Monitor is published byThe Real Estate Institute of Queensland (REIQ).
ABN 49 009 661 287
Disclaimer: The information contained in this publication, while based on information believed reliable, is not guaranteed. Nor is any of it tendered by way of investment advice; instead, it is intended only to inform and illustrate. No reader should act on the basis of any matter contained in this publication without considering and if necessary taking appropriate professional advice with regards to their own particular circumstances. The publisher and editor give no representations and make no warranties, express or implied, with respect to the accuracy or completeness of any of the material (including statistics, advertisements and advertising features) contained in this publication. The publisher and editor expressly disclaim any and all liability to the reader, whether a purchaser of this publication or not, in respect of anything and the consequences of anything done or omitted to be done by any such person in reliance, whether whole or partial, upon the whole or any part of the contents of this publication. The publisher, editor or contributors will enter into no correspondence in relation to this publication. The mention of the company, organisation, person, investment strategy or technique does not imply endorsement by the publisher. The publisher has not vetted advertisers and their products/services. The inclusion of advertisements or special advertising features in this publication does not imply endorsement of the advertiser/s or their products/services by the publisher. Articles are published in reliance upon the representations and warranties of the authors of the articles and without knowledge of any infringement of any third party’s copyright. Copyright: This publication is protected under the Commonwealth Copyrights Act 1968 and may not, in whole or part, be lent, copied, photocopied, reproduced, translated or reduced to any electronic medium or machine-readable format without the express permission of the publisher. For permissions or reprints, contact the Market Place Strategy Division on phone 07 3249 7347.
PUBLISHED: 11 June 2010
SOUTHEAST QUEENSLAND
BRISBANE (SD) $455,000 0.9%
BRISBANE CITY $535,000 0.0%
IPSWICH CITY $320,000 -1.2%
LOGAN CITY $369,000 1.9%
MORETON BAY REGIONAL $401,750 0.4%
REDLAND CITY ~ $477,000 3.5%
GOLD COAST CITY $510,000 0.0%
SUNSHINE COAST REGIONAL $480,000 1.1%
MAJOR REGIONAL CENTRES
TOOWOOMBA REGIONAL $300,000 1.7%
FRASER COAST REGIONAL $317,000 0.8%
BUNDABERG REGIONAL $289,000 -2.0%
GLADSTONE REGIONAL $383,000 7.9%
ROCKHAMPTON REGIONAL $322,000 -2.4%
MACKAY REGIONAL $403,000 -0.4%
TOWNSVILLE CITY $375,000 -2.6%
CAIRNS REGIONAL $370,000 -0.7%
Median house and unit prices Queensland’s residential property market experienced a steady level of demand and price growth over the March quarter. Across most parts of the State, the number of preliminary sales was up during the period on the back of increased demand from non-first home buyers. Demand across the board however has since weakened, as the cumulative interest rate increases of more than 1.5 percentage points since October start to bite.
Agents are reporting slower activity from all segments of the market with areas reliant on mining activity feeling extra pressure from the uncertainty surrounding the proposed resources tax.
The Central Queensland region has benefited greatly from the resources sector and, until the super tax was announced, there were billions of dollars of investment planned for the area. But many of the proposed projects are now on hold, with development of new industries such as LNG appearing also to be frozen.
Across the region, agents are reporting much quieter conditions. Indeed, long before the super tax was announced, one agent described how it was like “someone turned the taps off” at Easter.
Before the mining tax was announced, Gladstone in particular was performing extremely well. It recorded the highest median
www.reiq.com.auIssue 6 - March Quarter 2010 page 3
MARKETMONITORQ
UE
EN
SLA
ND
BRISBANE CITYMARCH QUARTER 2010 STATE-WIDE SUMMARY
QUEENSLAND HOUSE SALESQUEENSLAND HOUSE SALESQUEENSLAND HOUSE SALES<$350,000 <$500,000 <$1m $1m+<$350,000 <$500,000 <$1m $1m+<$350,000 <$500,000 <$1m $1m+
311311311
3444 4833 3312MAR 10 3444 4833 3312MAR 10 3444 4833 3312MAR 10
299299299
3271 4502 3133DEC 09 3271 4502 3133DEC 09 3271 4502 3133DEC 09
129129129
4579 5132 2060MAR 09 4579 5132 2060MAR 09 4579 5132 2060MAR 09
QUEENSLAND UNIT SALESQUEENSLAND UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+<$250,000 <$350,000 <$500,000 <$1m $1m+
704 1625 1731 884 186MAR 10 704 1625 1731 884 186MAR 10
651 1498 1603 887 181DEC 09 651 1498 1603 887 181DEC 09
876 1794 1397 557 108MAR 09 876 1794 1397 557 108MAR 09
QUEENSLAND LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ $1m+
704 1625 1731 884 186MAR 10
651 1498 1603 887 181DEC 09
876 1794 1397 557 108MAR 09
4579
3271
3444
5132
4502
4833
2060
3133
3312
129
299
311
MAR 09
DEC 09
MAR 10
QUEENSLAND HOUSE SALES<$350,000 <$500,000 <$1m $1m+
876
651
704
1794
1498
1625
1397
1603
1731
557
887
884
108
181
186
MAR 09
DEC 09
MAR 10
QUEENSLAND UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
876
651
704
1794
1498
1625
1397
1603
1731
557
887
884
108
181
186
MAR 09
DEC 09
MAR 10
QUEENSLAND LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ $1m+
QUEENSLAND HOUSE SALESQUEENSLAND HOUSE SALESQUEENSLAND HOUSE SALES<$350,000 <$500,000 <$1m $1m+<$350,000 <$500,000 <$1m $1m+<$350,000 <$500,000 <$1m $1m+
311311311
3444 4833 3312MAR 10 3444 4833 3312MAR 10 3444 4833 3312MAR 10
299299299
3271 4502 3133DEC 09 3271 4502 3133DEC 09 3271 4502 3133DEC 09
129129129
4579 5132 2060MAR 09 4579 5132 2060MAR 09 4579 5132 2060MAR 09
QUEENSLAND UNIT SALESQUEENSLAND UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+<$250,000 <$350,000 <$500,000 <$1m $1m+
704 1625 1731 884 186MAR 10 704 1625 1731 884 186MAR 10
651 1498 1603 887 181DEC 09 651 1498 1603 887 181DEC 09
876 1794 1397 557 108MAR 09 876 1794 1397 557 108MAR 09
QUEENSLAND LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ $1m+
704 1625 1731 884 186MAR 10
651 1498 1603 887 181DEC 09
876 1794 1397 557 108MAR 09
4579
3271
3444
5132
4502
4833
2060
3133
3312
129
299
311
MAR 09
DEC 09
MAR 10
QUEENSLAND HOUSE SALES<$350,000 <$500,000 <$1m $1m+
876
651
704
1794
1498
1625
1397
1603
1731
557
887
884
108
181
186
MAR 09
DEC 09
MAR 10
QUEENSLAND UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
876
651
704
1794
1498
1625
1397
1603
1731
557
887
884
108
181
186
MAR 09
DEC 09
MAR 10
QUEENSLAND LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ $1m+
house price growth of any major regional central over the March quarter, up 7.9 per cent to $383,000. Billions of dollars of projects from proposed LNG plants, smelter expansions and upgrades, a new railway and steel plant as well as the $65 million airport expansion and upgrade are either under way or under study for the region. Since that time, however, higher interest rates and the proposed mining tax has impacted the area with sales activity lower over recent weeks.
Over the year ending March, Toowoomba took the honours with a median house price rise of 9.8 per cent to $289,000. There has been an increase in investor activity since January and this is tipped to continue as the likelihood of Toowoomba becoming the economic and service hub for the Surat Basin intensifies.
The Toowoomba region has long operated on its own cycle with solid activity and price growth, partly due to the affordable price of property in the area. However, the development of coal seam gas in the Surat Basin Energy Province is likely to have a positive impact on Toowoomba’s economy, generally in the years ahead.
Queensland’s unit and townhouse market also produced stable results over the March quarter with demand steady.
This segment of the market has been negatively impacted over recent times due to restricted access to finance from lenders, an issue that appears to be continuing as the global economic situation remains unsettled.
New unit and townhouse developments in regional areas are becoming more prevalent, ensuring a changing landscape in places traditionally favouring houses and land.
Rockhampton, Mackay and Gladstone are all now home to unit developments priced at the top end of the market. The river-side Edge luxury apartments in Rockhampton is the latest prestige development to be constructed in the region, while the final touches are being completed on the Aspex apartments in Gladstone, with prices starting at $750,000.
Median land prices Demand for vacant urban land continues to be firm across the State with steady sales numbers and price performance.
Queensland’s booming population is likely to see demand for vacant urban land to be funnelled into specific areas outside of Brisbane and the Gold Coast, where land is more readily available. The State Government’s regional first home owner boost – introduced on 1 June – will provide $4,000 for new homes built in regional areas in a bid to push people to outlying areas.
The government has also announced that three super-cities will be developed in South East Queensland’s west and southwest to quickly deliver new master-planned communities for an extra 250,000 people. Construction of Ripley Valley, west of Springfield, and Greater Flagstone and Yarrabilba in Logan’s south has been brought forward to now begin before the end of 2011.
Rental market After 18 months of easing demand, the rental market in many parts of Queensland appears to be starting to feel the pinch once again.
Thousands of Queenslanders became first home owners during late 2008 and throughout 2009 which alleviated some of the pent-up demand that had been burdening the rental market for more than four years.
Over the past year, there has been little or no growth in rents as the rental market returned to a more balanced state of affairs.
QUEENSLAND HOUSE SALESQUEENSLAND HOUSE SALESQUEENSLAND HOUSE SALES<$350,000 <$500,000 <$1m $1m+<$350,000 <$500,000 <$1m $1m+<$350,000 <$500,000 <$1m $1m+
311311311
3444 4833 3312MAR 10 3444 4833 3312MAR 10 3444 4833 3312MAR 10
299299299
3271 4502 3133DEC 09 3271 4502 3133DEC 09 3271 4502 3133DEC 09
129129129
4579 5132 2060MAR 09 4579 5132 2060MAR 09 4579 5132 2060MAR 09
QUEENSLAND UNIT SALESQUEENSLAND UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+<$250,000 <$350,000 <$500,000 <$1m $1m+
704 1625 1731 884 186MAR 10 704 1625 1731 884 186MAR 10
651 1498 1603 887 181DEC 09 651 1498 1603 887 181DEC 09
876 1794 1397 557 108MAR 09 876 1794 1397 557 108MAR 09
QUEENSLAND LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ $1m+
704 1625 1731 884 186MAR 10
651 1498 1603 887 181DEC 09
876 1794 1397 557 108MAR 09
4579
3271
3444
5132
4502
4833
2060
3133
3312
129
299
311
MAR 09
DEC 09
MAR 10
QUEENSLAND HOUSE SALES<$350,000 <$500,000 <$1m $1m+
876
651
704
1794
1498
1625
1397
1603
1731
557
887
884
108
181
186
MAR 09
DEC 09
MAR 10
QUEENSLAND UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
876
651
704
1794
1498
1625
1397
1603
1731
557
887
884
108
181
186
MAR 09
DEC 09
MAR 10
QUEENSLAND LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ $1m+
www.reiq.com.auIssue 6 - March Quarter 2010 page 4
MARKETMONITORQ
UE
EN
SLA
ND
BRISBANE CITY
99
3
BRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+
147 157 334147 157 334147 157 334147 157 334 2022022022021045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 10
136 352136 352136 352136 352 159159159159254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09
44444444 225463 225463 225463 225463
251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09
BRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALES
<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+
18 7418 7418 74993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10
20 8620 8620 86935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09
9 8787871534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 09
INCLUDESINCLUDESINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALESGOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+
18 7518 75
531 531MAR 10 MAR 10 195 263 60MAR 10531 531MAR 10 MAR 10 195 263 60MAR 10210 71 16210 71 16
33 5233 52
483 511DEC 09 190 255 97DEC 09483 511DEC 09 190 255 97DEC 09180 61 13DEC 09 180 61 13DEC 09
48 4448 44MAR 09 248 249 32MAR 09MAR 09 248 249 32MAR 09681 344 256 51 3MAR 09681 344 256 51MAR 09
SUNSHINE COAST HOUSE SALES CAIRNS HOUSE SALESGLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+
59 51
469 351MAR 10 144 190 52MAR 1058 91 26MAR 10
44 36
409 298DEC 09 164 184 66DEC 0980 67 21DEC 09
111 29
457 240MAR 09 202 187 45MAR 0953 86 4MAR 09
251
254
147
1273
1358
1045
927
1409
1557
44
136
157
MAR 09
SEP 09
MAR 10
BRISBANE CITY HOUSE SALES<$350,000 <$500,000 <$1m $1m+
1534
935
993
1511
1278
1373
344
490
541
9
20
18
MAR 09
DEC 09
MAR 10
BRISBANE SURROUNDS' HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
48
33
18
681
483
531
344
511
531
44
52
75
MAR 09
DEC 09
MAR 10
GOLD COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
111
44
59
457
409
469
240
298
351
29
36
51
MAR 09
DEC 09
MAR 10
SUNSHINE COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
256
180
210
51
61
71
3
13
16
MAR 09
DEC 09
MAR 10
BUNDABERG HOUSE SALES<$350,000 <$500,000 $500,000+
202
164
144
187
184
190
45
66
52
MAR 09
DEC 09
MAR 10
CAIRNS HOUSE SALES<$350,000 <$500,000 $500,000+
251
198
221
59
92
93
10
20
14
MAR 09
DEC 09
MAR 10
FRASER COAST HOUSESALES<$350,000 <$500,000 $500,000+
53
80
58
86
67
91
4
21
26
MAR 09
DEC 09
MAR 10
GLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+
248
190
195
249
255
263
32
97
60
MAR 09
DEC 09
MAR 10
TOWNSVILLE HOUSE SALES<$350,000 <$500,000 $500,000+
87
86
74
164
167
211
34
66
56
MAR 09
DEC 09
MAR 10
MACKAY HOUSE SALES<$350,000 <$500,000 $500,000+
225
159
202
88
96
89
25
32
36
MAR 09
DEC 09
MAR 10
ROCKHAMPTON HOUSE SALES<$350,000 <$500,000 $500,000+
463
352
334
116
116
116
20
47
39
MAR 09
DEC 09
MAR 10
TOOWOOMBA HOUSE SALES<$350,000 <$500,000 $500,000+
8 3
4
8
2
1
3
1
5
7
6
7
8 3
4
8
2
1
2
2
1
3
1
5
7
6
7
8 3
4
8
2
1
BRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
57575757
310 774 300 36MAR 10 53 35 1MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10 12 41 8MAR 10 12 41MAR 10 12 41MAR 10 12 41MAR 10
7676767651 2515151521 944 336SEP 09 30 22 4DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09
71717171514 660 169 19MAR 09 8 15 3MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09
BRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
118 289 123 68DEC 09 13 22 5MAR 10 16 41 7MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10
119 242 140 60SEP 09 17 34 1DEC 09 21 27 6DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09
163 277 69 21MAR 09 22 31 3MAR 09 18 29 7MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALESGOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
125 510 509 103347MAR 10 19 28 1MAR 10 29 107 18MAR 10125 510 509 103347MAR 10 19 28MAR 10 29 107 18MAR 10
112 476 427 89313DEC 09 DEC 09 23 76 19DEC 09112 476 427 89313DEC 09 DEC 09 23 76 19DEC 0915 21 215 21
172 566 404 68244MAR 09 45 84 17MAR 09172 566 404 68244MAR 09 45 84 17MAR 0933 20 2MAR 09 33 20MAR 09
SUNSHINE COAST UNIT SALES CAIRNS UNIT SALESGLADSTONE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
50 186 169 30118MAR 10 149 112 19MAR 1010 27 3MAR 10
55 169 157 26124DEC 09 132 126 42DEC 095 14 6DEC 09
66 197 151 1573MAR 09 45 84 17MAR 098 10 1MAR 09
71
76
57
514
521
310
660
944
774
169
336
300
19
51
36
MAR 09
SEP 09
MAR 10
BRISBANE CITY UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
163
119
118
277
242
289
69
140
123
21
60
68
MAR 09
SEP 09
DEC 09
BRISBANE SURROUNDS' UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
172
112
125
566
476
510
404
427
509
68
89
103
244
313
347
MAR 09
DEC 09
MAR 10
GOLD COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
66
55
50
197
169
186
151
157
169
15
26
30
73
124
118
MAR 09
DEC 09
MAR 10
SUNSHINE COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
33
15
19
20
21
28
2
2
1
MAR 09
DEC 09
MAR 10
BUNDABERG UNIT SALES<$250,000 <$500,000 $500,000+
45
132
149
84
126
112
17
42
19
MAR 09
DEC 09
MAR 10
CAIRNS UNIT SALES<$250,000 <$500,000 $500,000+
22
17
13
31
34
22
3
1
5
MAR 09
DEC 09
MAR 10
FRASER COAST UNIT SALES<$250,000 <$500,000 $500,000+
8
5
10
10
14
27
1
6
3
MAR 09
DEC 09
MAR 10
GLADSTONE UNIT SALES<$250,000 <$500,000 $500,000+
45
23
29
84
76
107
17
19
18
MAR 09
DEC 09
MAR 10
TOWNSVILLE UNIT SALES<$250,000 <$500,000 $500,000+
18
21
16
29
27
41
7
6
7
MAR 09
DEC 09
MAR 10
MACKAY UNIT SALES<$250,000 <$500,000 $500,000+
8
30
12
15
22
41
3
4
8
MAR 09
DEC 09
MAR 10
ROCKHAMPTON UNIT SALES<$250,000 <$500,000 $500,000+
70
44
53
36
26
35
2
1
MAR 09
DEC 09
MAR 10
TOOWOOMBA UNIT SALES<$250,000 <$500,000 $500,000+
1
2
6
2
1
6
5
1
1
7
3
8
1
2
2 9
1
3
1
2
6
2
1
6
5
1
1
4
7
5
1
BUNDABERG LAND SALES
7
3
8
1
2
2
4
5
1
9
1
3
1
2
6
2
1
6
5
1
1
BRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
30 70 61 14MAR 10 84 5 1MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 10 72 6 1MAR 10 72MAR 10 72MAR 10 72MAR 10
98 172 55 19SEP 09 64 2 2DEC 0994 6 1DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 09
60 80 28 10MAR 09 87 1MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 09
BRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
118 289 123 68DEC 09 68 8 2MAR 10 94 9MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10
119 242 140 60SEP 09 49 3 2DEC 09 104 12 3DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09
163 277 69 21MAR 09 76 7 1MAR 09 70 10 1MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST LAND SALES BUNDABERG LAND SALES TOWNSVILLE LAND SALESGOLD COAST LAND SALES TOWNSVILLE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
125 510 509 347MAR 10 66 5MAR 10 79 16 1MAR 10125 510 509 347MAR 10 66MAR 10 79 16MAR 10
112 476 427 313DEC 09 DEC 09 94 21 5DEC 09112 476 427 313DEC 09 DEC 09 94 21DEC 0956 7 156
172 566 404 244MAR 09 86 4MAR 09172 566 404 244MAR 09 86MAR 0945 4MAR 09 45MAR 09
SUNSHINE COAST LAND SALES CAIRNS LAND SALESGLADSTONE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
50 186 169 118MAR 10 71 17 2MAR 1040 7 1MAR 10
55 169 157 124DEC 09 90 18 6DEC 0963 2 1DEC 09
66 197 151 73MAR 09 73 3 2MAR 0921 2MAR 09
60
98
30
80
172
70
28
55
61
10
19
14
MAR 09
SEP 09
MAR 10
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
163
119
118
277
242
289
69
140
123
21
60
68
MAR 09
SEP 09
DEC 09
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
172
112
125
566
476
510
404
427
509
244
313
347
MAR 09
DEC 09
MAR 10
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
66
55
50
197
169
186
151
157
169
73
124
118
MAR 09
DEC 09
MAR 10
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
45
56
66
4
7
5
1
MAR 09
DEC 09
MAR 10
BUNDABERG LAND SALES<$250,000 <$500,000 $500,000+
73
90
71
3
18
17
2
6
2
MAR 09
DEC 09
MAR 10
CAIRNS LAND SALES<$250,000 <$500,000 $500,000+
76
49
68
7
3
8
1
2
2
MAR 09
DEC 09
MAR 10
FRASER COAST LAND SALES<$250,000 <$500,000 $500,000+
21
63
40
2
2
7
1
1
MAR 09
DEC 09
MAR 10
GLADSTONE LAND SALES<$250,000 <$500,000 $500,000+
86
94
79
4
21
16
5
1
MAR 09
DEC 09
MAR 10
TOWNSVILLE LAND SALES<$250,000 <$500,000 $500,000+
70
104
94
10
12
9
1
3
MAR 09
DEC 09
MAR 10
MACKAY LAND SALES<$250,000 <$500,000 $500,000+
87
64
72
1
2
6
2
1
MAR 09
DEC 09
MAR 10
ROCKHAMPTON LAND SALES<$250,000 <$500,000 $500,000+
84
94
84
6
5
1
1
MAR 09
DEC 09
MAR 10
TOOWOOMBA LAND SALES<$250,000 <$500,000 $500,000+
Median house and unit prices Brisbane’s house, and unit and townhouse, markets were flat over the March quarter with both recording nil price growth over the period. The Brisbane median house price remains at $535,000, while the unit and townhouse median is at $400,000.
The preliminary number of house sales in Brisbane was up 7 per cent over the March quarter, partly attributable to demand from second and third generation buyers. Demand has now weakened however as interest rates return to more historically average levels.
This demand from up-graders is evidenced by some of the strong Brisbane performers over the quarter and over the year with a number of suburbs that have medians above $550,000 performing well. Ashgrove, Carindale, East Brisbane, Graceville, Morningside and Taringa all experienced positive price growth over the period. Commonalities among these suburbs are their location within 10 kilometres of Brisbane’s CBD and the mix of housing available, from renovated Queenslanders and architecturally designed homes, to riverfront properties in Graceville and East Brisbane.
Brisbane’s unit and townhouse market experienced a steady number of sales over the March quarter, but was likely impacted by less demand from first home buyers following the cessation of financial incentives at the end of 2009.
Median prices in a number of suburbs have been impacted by the development of new stock which augurs well for demand in this segment of the market in the years ahead.
Solid performers over the quarter and over the year included Chermside and Moorooka. Chermside’s median unit and townhouse price increased 8.3 per cent over the quarter, and 10.7 per cent over the year. Moorooka’s median is up14 per cent over the quarter and 12.2 per cent over the year.
Both of these historically working class areas have been transformed by increased infrastructure in recent years and have both become home to new unit and townhouse developments. Chermside, especially, has a number of new two and three-bedroom apartment developments under way or completed including The Edge, Chermside Central and Equinox.
Median land pricesBrisbane’s vacant urban land market experienced a jump in demand over the year ending March 2010 on the back of the Federal Government’s First Home Owner Boost (FHOB). The number of preliminary sales over the year was 1,581 compared to 977 in the year ending March 2009.
The lack of available land in the Brisbane local government area will continue to constrain this segment of the market and is evidenced by the substantially higher number of preliminary sales five years ago - about 2,000 over the year.
The median vacant urban land price increased 6.7 per cent over the March quarter to $332,500, but was flat over the year.
Rental marketThe median rent for a two-bedroom unit in Brisbane increased $5 per week between March 2010 and March last year to $365. The median rent for a three-bedroom house increased $10 per week to $380 over the same period.
There has been increased activity in the inner suburb rental market, likely due to the wind-back of the FHOB. The vacancy rate for inner Brisbane came in at 2.3 per cent, down from 3.5 per cent in September last year. Outer Brisbane suburbs however remained steady at a vacancy rate of 2.6 per cent. Overall, the Brisbane metropolitan area is showing signs of increased demand, with the vacancy rate tightening slightly since September to 2.5 per cent.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 6 - March Quarter 2010 page 5
MARKETMONITORQ
UE
EN
SLA
ND
BRISBANE CITY
HOUSES HOUSES continued
Suburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
BRISBANE (SD) 5,831 $455,000 0.9% $440,000 7.3% 41.9%
BRISBANE (SD) ^ 391 $585,000 3.1% $565,000 1.8% 31.4%
BRISBANE CITY (LGA) 2,906 $535,000 0.0% $512,000 6.7% 42.2%
BRISBANE CITY (LGA) ^ 55 $920,000 0.5% $925,000 -6.6% 22.9%
ACACIARIDGE 17 $345,000 0.0% $339,500 8.1% 52.0%
ALDERLEY 19 $580,000 -5.0% $587,500 1.0% 37.3%
ALGESTER 32 $430,000 3.5% $415,000 8.2% 48.2%
ANNERLEY 19 $615,000 -4.7% $536,250 -0.7% 45.5%
ASCOT~ 8 N/A N/A $1,110,000 -12.9% 41.8%
ASHGROVE 29 $730,000 14.4% $680,000 7.1% 51.1%
ASPLEY 32 $460,000 -0.9% $466,000 8.0% 45.6%
AUCHENFLOWER 15 $771,500 -4.8% $769,000 9.1% 44.4%
BALDHILLS 29 $385,000 -5.9% $400,000 6.1% 53.8%
BALMORAL~ 9 N/A N/A $705,000 -14.0% 29.1%
BANYO 23 $421,000 -4.9% $412,500 7.1% 42.2%
BARDON~ 37 $739,000 -7.6% $731,500 0.0% 52.4%
BELLBOWRIE~ 17 $440,000 -10.6% $460,000 2.3% 33.3%
BELMONT 16 $605,000 2.7% $570,000 1.8% 60.6%
BOONDALL 26 $424,500 -0.1% $415,000 1.2% 34.3%
BRACKENRIDGE 53 $420,000 2.9% $415,000 5.1% 34.8%
BRIDGEMANDOWNS~ 16 $643,750 -14.7% $680,000 11.5% 28.3%
BRIGHTON 35 $420,000 3.9% $401,250 1.9% 43.3%
BROOKFIELD 6 N/A N/A $800,000 N/A 32.1%
BULIMBA~ 19 $770,000 -16.5% $840,000 -6.7% 25.4%
CALAMVALE 47 $522,000 4.6% $494,950 3.1% 41.6%
CAMPHILL 42 $677,500 9.1% $600,000 0.8% 41.2%
CANNONHILL 22 $529,500 -3.9% $515,000 5.5% 33.9%
CARINA 25 $527,500 -1.7% $480,000 5.5% 40.1%
CARINAHEIGHTS 18 $509,500 -3.8% $520,000 12.4% 37.7%
CARINDALE 46 $705,000 4.4% $680,000 7.9% 43.5%
CARSELDINE 24 $564,000 10.8% $515,000 8.3% 36.1%
CHAPELHILL 30 $665,000 2.3% $631,000 6.1% 40.2%
CHELMER 12 $810,000 -9.0% $890,000 16.0% 27.1%
CHERMSIDE 15 $465,000 3.3% $455,500 2.4% 43.2%
CHERMSIDEWEST 28 $456,500 -5.9% $452,870 5.9% 45.2%
CLAYFIELD~ 21 $850,000 -16.7% $855,000 0.6% 37.9%
COOPERSPLAINS 16 $449,500 4.3% $423,000 4.2% 51.1%
COORPAROO 36 $683,500 2.2% $640,000 12.8% 48.8%
CORINDA 9 N/A N/A $572,500 1.3% 41.0%
DARRA 11 $374,000 N/A $347,500 5.3% 59.4%
DEAGON 15 $412,000 1.7% $400,000 11.1% 50.9%
DOOLANDELLA 7 N/A N/A $360,000 1.3% 46.9%
DREWVALE 15 $485,000 2.3% $471,500 8.4% 38.7%
DURACK 18 $365,500 -2.0% $355,000 6.6% 42.4%
EASTBRISBANE 12 $700,000 7.7% $662,500 8.3% 32.5%
EIGHTMILEPLAINS 29 $590,000 -1.5% $585,000 11.7% 39.3%
ENOGGERA 16 $544,500 1.8% $510,000 -2.4% 43.7%
EVERTONPARK 30 $482,000 -0.6% $455,000 3.0% 35.8%
FAIRFIELD 8 N/A N/A $595,000 1.7% 58.7%
FERNYGROVE 12 $493,650 3.3% $480,000 6.4% 31.5%
FIGTREEPOCKET~ 17 $835,000 18.9% $835,000 38.0% 70.4%
FITZGIBBON 9 N/A N/A $410,000 -1.2% 48.6%
FORESTLAKE 101 $410,000 -1.7% $390,250 4.1% 39.4%
GAYTHORNE 7 N/A N/A $575,500 N/A 62.1%
GEEBUNG 12 $455,000 2.8% $435,000 8.8% 52.6%
GORDONPARK~ 6 N/A N/A $570,000 -3.4% 44.3%
GRACEVILLE 22 $645,000 7.5% $645,000 8.9% 37.2%
GRANGE~ 6 N/A N/A $743,000 24.9% 71.2%
GREENSLOPES~ 20 $623,250 -9.7% $567,750 4.9% 52.9%
HAMILTON~ 6 N/A N/A $1,193,000 -0.6% 66.9%
HAWTHORNE 23 $850,000 -5.5% $850,000 15.9% 41.7%
HEATHWOOD 1 N/A N/A $520,000 -1.0% N/A
HEMMANT 11 $466,000 N/A $425,500 8.1% 52.2%
HENDRA~* 15 $776,000 -20.4% $770,000 13.2% 57.1%
HIGHGATEHILL~ 7 N/A N/A $760,000 -7.3% 51.8%
HOLLANDPARK 30 $550,500 3.9% $515,000 0.8% 51.5%
HOLLANDPARKWEST 26 $533,500 -0.7% $525,000 1.9% 49.1%
INALA 38 $303,750 -1.1% $295,500 1.9% 60.6%
INDOOROOPILLY~ 27 $675,000 -0.9% $627,500 -3.3% 21.3%
JAMBOREEHEIGHTS 11 $425,000 -0.9% $425,000 2.5% 46.6%
JINDALEE 14 $480,500 4.5% $460,500 4.7% 35.4%
KANGAROOPOINT 9 N/A N/A $657,250 -1.2% 51.4%
KARANADOWNS 10 $420,000 N/A $422,250 10.5% 38.4%
KARANADOWNS^ 5 N/A N/A $515,000 N/A 40.5%
KEDRON~ 27 $595,000 16.4% $492,000 1.4% 37.8%
KELVINGROVE 10 $622,500 N/A $618,000 0.0% 48.9%
KENMORE 27 $560,000 0.0% $527,500 7.1% 39.6%
KENMOREHILLS 9 N/A N/A $720,000 N/A 41.9%
KEPERRA 17 $435,000 -0.2% $430,000 8.4% 50.3%
KURABY 18 $530,500 -3.1% $510,000 3.0% 35.1%
LOTA 13 $475,000 -1.0% $474,250 6.6% 20.8%
LUTWYCHE 2 N/A N/A $585,000 1.3% 48.9%
MACGREGOR 9 N/A N/A $513,000 7.4% 33.2%
MANLY~ 17 $737,500 17.5% $657,000 15.9% 26.3%
MANLYWEST 37 $480,000 -5.9% $485,000 7.8% 34.7%
MANSFIELD 22 $513,000 -1.3% $499,990 12.4% 47.1%
MCDOWALL 28 $577,500 9.4% $540,000 9.8% 38.5%
MIDDLEPARK 11 $580,000 8.4% $518,000 5.9% 43.9%
MITCHELTON 27 $520,000 3.0% $505,000 9.2% 51.2%
MOGGILL 18 $517,500 9.1% $467,500 0.5% 30.8%
MOOROOKA 27 $510,000 4.6% $480,000 4.3% 41.2%
MORNINGSIDE 37 $593,000 11.5% $578,500 13.5% 45.4%
MOUNTCROSBY^ 7 $570,000 N/A $543,500 13.2% N/A
MOUNTGRAVATT 5 N/A N/A $487,500 5.0% 49.5%
MOUNTGRAVATTEAST 37 $487,500 8.3% $466,000 6.5% 43.4%
MURARRIE 16 $540,000 -3.1% $465,000 -2.1% 43.1%
NEWFARM~ 10 $1,062,500 5.2% $950,000 5.6% 11.8%
NEWMARKET~ 11 $595,000 -10.5% $635,500 2.5% 47.8%
NORMANPARK 30 $684,000 6.9% $678,000 -1.4% 58.0%
NORTHGATE 9 N/A N/A $482,500 1.4% 42.3%
NUDGEE 10 $473,750 N/A $472,500 4.3% 65.8%
NUNDAH 20 $591,500 1.1% $568,500 10.3% 61.3%
OXLEY 23 $440,000 -4.3% $440,000 4.5% 49.2%
PADDINGTON~ 25 $1,000,000 32.8% $736,000 1.5% 52.1%
PARKINSON 43 $498,000 -3.8% $495,000 6.5% 32.0%
PULLENVALE^~ 4 N/A N/A $923,500 -15.3% 23.1%
REDHILL~ 16 $607,500 -14.0% $680,000 7.5% 53.9%
RICHLANDS 3 N/A N/A $421,500 N/A N/A
RIVERHILLS 18 $441,000 N/A $422,500 7.0% 43.7%
ROBERTSON 8 N/A N/A $670,000 4.7% 30.6%
ROCKLEA 8 N/A N/A $375,000 8.5% 74.4%
RUNCORN 40 $436,500 3.9% $425,000 5.6% 48.1%
SALISBURY 18 $461,500 2.8% $440,000 6.5% 46.7%
SANDGATE 20 $557,500 -0.2% $530,000 11.6% 43.2%
SEVENHILLS 10 $582,000 N/A $576,000 7.5% 38.0%
SEVENTEENMILEROCKS~ 12 $558,250 17.0% $506,000 -10.0% 54.6%
SHERWOOD 13 $750,000 13.6% $680,000 3.0% 49.5%
SHORNCLIFFE 4 N/A N/A $645,000 N/A N/A
Please see page 36 for legend and further notes
www.reiq.com.auIssue 6 - March Quarter 2010 page 6
MARKETMONITORQ
UE
EN
SLA
ND
BRISBANE CITY
UNITS & TOWNHOUSES
HOUSES continued UNITS & TOWNHOUSES continued
Suburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
SINNAMONPARK~ 20 $563,250 -10.6% $613,500 7.2% 39.4%
SPRINGHILL 3 N/A N/A $699,000 N/A 28.3%
STLUCIA~ 10 $960,000 -11.5% $955,000 15.1% 32.6%
STAFFORD 13 $462,000 -0.1% $457,000 0.2% 47.4%
STAFFORDHEIGHTS 25 $480,000 2.1% $460,000 6.7% 46.5%
STRETTON 13 $580,000 N/A $660,000 9.8% 29.7%
SUNNYBANK 24 $514,000 -6.5% $520,000 2.2% 49.0%
SUNNYBANKHILLS~ 55 $564,000 16.9% $487,500 14.7% 43.2%
TAIGUM 13 $453,000 2.7% $451,500 10.4% 34.8%
TARINGA 10 $877,500 9.7% $742,000 5.9% 46.9%
TARRAGINDI 40 $592,500 0.7% $550,000 10.0% 50.7%
THEGAP 45 $550,000 -0.4% $530,000 3.9% 38.0%
TINGALPA 23 $460,000 1.5% $430,000 1.9% 42.3%
TOOWONG~ 14 $725,000 3.6% $665,000 -8.3% 42.2%
UPPERKEDRON 14 $540,000 0.9% $537,000 7.4% 30.2%
UPPERMOUNTGRAVATT 22 $464,500 -5.8% $459,000 8.0% 49.0%
VIRGINIA 7 N/A N/A $441,753 6.7% 42.5%
WAKERLEY 31 $640,000 4.1% $615,000 5.9% 38.8%
WAVELLHEIGHTS 35 $523,800 -1.2% $510,250 9.7% 49.6%
WESTEND 11 $830,000 N/A $773,500 -0.8% 45.9%
WESTLAKE 17 $590,000 3.3% $586,000 7.8% 27.4%
WILSTON 12 $807,500 N/A $847,500 18.5% 70.9%
WINDSOR 12 $695,500 2.3% $650,000 0.0% 58.5%
WISHART 24 $575,000 -0.9% $525,000 7.9% 49.8%
WOOLLOONGABBA~ 5 N/A N/A $590,000 -8.5% 63.9%
WOOLOOWIN~ 25 $665,000 -10.7% $647,500 0.8% 36.3%
WYNNUM 38 $520,000 -3.7% $492,500 4.8% 34.9%
WYNNUMWEST 38 $435,512 1.3% $445,000 1.4% 42.5%
YERONGA 18 $653,000 -6.3% $684,000 -2.3% 40.3%
ZILLMERE 22 $418,500 4.9% $392,500 5.8% 57.0%
BRISBANE (SD) 2,075 $375,000 -1.7% $368,000 5.1% 44.3%
BRISBANE CITY (LGA) 1,477 $400,000 0.0% $395,000 5.3% 40.1%
ALBION~ 11 $425,000 N/A $417,500 14.4% 49.1%
ALDERLEY~ 5 N/A N/A $358,000 -2.7% 43.8%
ALGESTER 4 N/A N/A $320,000 4.9% 15.5%
ANNERLEY~ 18 $326,500 -6.9% $365,000 6.6% 51.5%
ASCOT~* 10 $393,500 -15.4% $387,500 -0.4% 40.1%
ASHGROVE 15 $395,000 N/A $402,500 11.0% 43.7%
ASPLEY 7 N/A N/A $370,000 6.5% 45.7%
AUCHENFLOWER 20 $435,500 -0.7% $433,500 5.3% 52.1%
BALMORAL 9 N/A N/A $436,000 4.4% 32.1%
BARDON* 5 N/A N/A $570,000 N/A 54.8%
BOWENHILLS 12 $424,750 N/A $423,000 2.3% 26.3%
BRACKENRIDGE 5 N/A N/A $349,750 0.0% N/A
BRISBANECITY~* 96 $447,500 -1.9% $435,000 -3.3% 14.5%
BULIMBA~* 15 $501,000 1.9% $520,000 19.5% 47.5%
CALAMVALE* 15 $354,000 7.3% $349,750 0.0% 69.0%
CAMPHILL 6 N/A N/A $370,000 1.4% N/A
CARINA~* 15 $390,000 -9.7% $415,000 13.7% 37.0%
CARINAHEIGHTS* 11 $414,000 -12.8% $442,000 9.7% 53.9%
CARINDALE* 6 N/A N/A $507,000 10.2% 98.8%
CARSELDINE 6 N/A N/A $360,000 N/A N/A
CHERMSIDE 33 $433,000 8.3% $415,000 10.7% 60.2%
CLAYFIELD 32 $378,000 3.6% $365,000 4.6% 57.1%
COORPAROO 49 $395,000 5.3% $372,000 7.2% 55.6%
CORINDA* 9 N/A N/A $410,000 15.2% N/A
EASTBRISBANE* 16 $380,000 -10.4% $405,000 11.7% 45.7%
EIGHTMILEPLAINS* 34 $377,500 -1.8% $370,000 6.9% 67.9%
ELLENGROVE - N/A N/A $335,000 N/A N/A
ENOGGERA* 7 N/A N/A $386,250 -3.3% N/A
EVERTONPARK 13 $395,500 7.8% $362,000 4.9% 54.0%
FORESTLAKE 4 N/A N/A $326,500 N/A 26.1%
FORTITUDEVALLEY 26 $391,250 -7.1% $406,000 8.3% 32.1%
GAYTHORNE 11 $351,500 4.5% $355,750 N/A 63.4%
GORDONPARK 7 N/A N/A $362,000 8.1% 58.1%
GREENSLOPES 17 $368,000 -3.0% $362,000 1.4% 52.1%
HAMILTON*~ 12 $560,000 N/A $460,000 10.7% 5.7%
HAWTHORNE* 10 $471,250 N/A $432,500 4.2% 54.4%
HIGHGATEHILL~ 9 N/A N/A $392,500 -11.8% 38.9%
INDOOROOPILLY~* 28 $469,500 -0.6% $457,000 18.9% 41.7%
KANGAROOPOINT~ 54 $460,000 -7.5% $465,000 10.7% 22.4%
KEDRON 12 $335,000 0.8% $335,000 2.3% 48.2%
KELVINGROVE 18 $395,000 -4.5% $435,000 9.0% 26.1%
KURABY 2 N/A N/A $319,880 8.3% 64.0%
LUTWYCHE 10 $362,500 0.4% $361,100 9.4% 46.2%
MACGREGOR 4 N/A N/A $397,000 N/A N/A
MANLYWEST 7 N/A N/A $389,500 -0.1% 64.3%
MCDOWALL 1 N/A N/A $417,825 N/A N/A
MOOROOKA* 10 $375,000 14.0% $350,000 12.2% 59.1%
MORNINGSIDE~ 26 $438,000 10.9% $418,500 -0.9% 46.3%
MOUNTGRAVATTEAST 9 N/A N/A $364,000 4.3% 42.7%
NEWFARM~* 50 $470,000 -14.4% $475,000 5.6% 27.3%
NEWMARKET 8 N/A N/A $397,500 -0.4% 30.3%
NEWSTEAD* 33 $490,000 -10.1% $530,000 -0.3% 39.5%
NORMANPARK 13 $455,000 N/A $455,000 N/A 53.8%
NORTHGATE* 6 N/A N/A $395,000 9.7% 71.7%
NUNDAH* 28 $404,500 6.4% $407,500 15.1% 76.8%
OXLEY 4 N/A N/A $358,000 N/A 35.1%
PADDINGTON* 20 $427,500 -9.0% $450,500 4.8% 57.2%
REDHILL~ 5 N/A N/A $355,500 -6.7% 21.9%
RICHLANDS* 7 N/A N/A $325,500 N/A N/A
RUNCORN 22 $338,500 -2.0% $338,500 6.8% 53.9%
SHERWOOD* 8 N/A N/A $450,000 N/A 80.0%
SOUTHBRISBANE~* 39 $413,500 6.4% $409,750 -3.0% 22.3%
SPRINGHILL 33 $370,000 6.5% $385,000 4.1% 63.8%
STLUCIA~ 22 $466,375 15.7% $445,000 5.7% 58.9%
STAFFORD 6 N/A N/A $385,000 8.5% N/A
SUNNYBANK 5 N/A N/A $385,000 N/A 45.3%
SUNNYBANKHILLS~ 10 $362,000 -13.8% $355,000 9.2% 66.9%
TAIGUM* 15 $328,000 -10.4% $356,500 10.7% 62.0%
TARINGA 41 $417,000 -1.3% $410,000 7.9% 51.9%
TINGALPA 8 N/A N/A $345,000 9.5% 54.4%
TOOWONG 31 $450,000 4.5% $435,500 5.3% 50.2%
UPPERMOUNTGRAVATT* 9 N/A N/A $365,000 -8.8% 45.4%
WAVELLHEIGHTS 8 N/A N/A $450,000 N/A N/A
WESTEND* 31 $530,000 5.1% $528,000 -1.7% 38.6%
WINDSOR 10 $361,500 N/A $364,000 7.1% 40.0%
WISHART 6 N/A N/A $355,000 1.8% 50.4%
WOOLLOONGABBA~* 17 $346,750 -19.4% $420,000 -3.4% 30.0%
WOOLOOWIN 12 $369,000 N/A $358,000 N/A 53.0%
WYNNUM 4 N/A N/A $365,000 3.8% 39.0%
WYNNUMWEST 9 N/A N/A $320,000 3.2% 56.5%
YEERONGPILLY 2 N/A N/A $410,750 N/A 55.0%
YERONGA~ 17 $460,000 20.7% $409,000 6.9% 48.7%
ZILLMERE 15 $350,000 -1.4% $355,000 8.9% 62.5%
Please see page 36 for legend and further notes
www.reiq.com.auIssue 6 - March Quarter 2010 page 7
MARKETMONITORQ
UE
EN
SLA
ND
BRISBANE CITY
VACANT URBAN LAND 3 BEDROOM HOUSES
Suburbs/Localities
MarQtr2010NewBonds
MarQtr2009Rent($)
NewBonds
Rent($)Po
stcode
MEDIAN WEEKLY RENTSSuburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
MEDIAN SALES DATA
BRISBANE (SD) 901 $215,000 0.9% $215,000 5.4% 34.4%
BRISBANE (SD) ^ ~ * 101 $289,000 -22.9% $297,500 0.0% 48.8%
BRISBANE CITY (LGA) 175 $332,500 6.7% $285,000 0.0% 34.1%
BRISBANE CITY (LGA) ^ 17 $495,000 N/A $630,000 0.0% 48.2%
BANYO 1 N/A N/A $251,000 N/A N/A
BRIDGEMANDOWNS 5 $375,000 3.6% $355,000 10.9% 22.4%
CALAMVALE* 12 $352,500 5.2% $310,000 20.2% 27.2%
CARSELDINE* 4 N/A N/A $280,000 6.3% N/A
DOOLANDELLA* 5 $225,000 N/A $223,000 -3.0% N/A
DREWVALE* 1 N/A N/A $260,000 N/A 40.5%
DURACK* 7 $208,000 N/A $220,000 N/A N/A
EIGHTMILEPLAINS* 7 $349,000 10.4% $322,500 -3.7% 12.8%
GUMDALE* 2 N/A N/A $323,000 17.5% N/A
HEATHWOOD* 6 $247,750 N/A $237,000 -6.7% 63.4%
HENDRA* 5 $445,000 N/A N/A N/A N/A
INALA - N/A N/A $165,000 N/A N/A
KURABY - N/A N/A $330,000 N/A 34.7%
MANLYWEST 2 N/A N/A $292,525 1.6% 5.2%
MITCHELTON* 1 N/A N/A $330,000 -5.7% N/A
MOGGILL* 2 N/A N/A $247,500 0.2% 46.0%
OXLEY 4 N/A N/A $245,000 N/A N/A
RICHLANDS - N/A N/A $220,000 N/A N/A
STRETTON* 2 N/A N/A $409,000 N/A N/A
SUNNYBANK* 3 N/A N/A $419,000 N/A N/A
SUNNYBANKHILLS 5 $270,000 N/A $287,000 N/A 14.8%
TAIGUM* 3 N/A N/A $250,000 N/A 60.3%
TINGALPA 3 N/A N/A $298,000 N/A N/A
WAKERLEY* 20 $410,000 26.2% $320,000 N/A 39.4%
WYNNUMWEST 1 N/A N/A $269,000 N/A N/A
BRISBANE CITY COUNCIL AREA 380 3,389 370 3,465
Bayside 370 140 365 163
4178 Lytton/Wynnum/WynnumWest 370 88 365 89
4179 Lota/Manly/ManlyWest 370 52 365 74
City Inner 465 361 450 372
4000 BrisbaneCity/SpringHill 475 25 520 29
4005 NewFarm 545 15 490 16
4006 BowenHills/FortitudeValley/Herston/Newstead 430 16 440 18
4064 Milton/Paddington 480 76 460 61
4066 Auchenflower/Toowong 450 63 440 61
4067 StLucia 440 33 460 53
4101 HighgateHill/SouthBrisbane/WestEnd 480 46 470 54
4102 Buranda/DuttonPark/Wooloongabba 435 28 400 35
4169 EastBrisbane/KangarooPoint 460 59 420 45
North - Inner 400 383 400 358
4007 Ascot/Hamilton 550 20 460 23
4010 Albion 390 7 420 9
4011 Clayfield/Hendra 450 44 469 51
4012 Nundah/Toombul/WavellHeights 375 61 365 55
4030 Lutwyche/Windsor/Wooloowin 410 67 420 45
4031 GordonPark/Kedron 380 64 380 60
4051 Alderley/Enogerra/Newmarket/Wilston/etc. 400 118 400 115
3 BEDROOM HOUSES
Suburbs/Localities
MarQtr2010NewBonds
MarQtr2009Rent($)
NewBonds
Rent($)Po
stcode
MEDIAN WEEKLY RENTS
North - Outer 360 381 350 376
4013 Northgate 370 18 330 14
4014 Banyo/Nudgee/Virginia 360 39 365 42
4017 BrackenRidge/Brighton/Deagon/Sandgate/etc. 360 103 345 119
4018 Fitzgibbon/Taigum 360 19 350 25
4032 Chermside/ChermsideWest 360 53 350 54
4034 Aspley/Boondall/Carseldine/Geebung/Zillmere 370 121 350 101
4036 BaldHills 340 28 340 21
North West - Inner 445 152 430 157
4059 KelvinGrove/RedHill 460 70 450 70
4060 Ashgrove 420 44 400 46
4065 Bardon 440 38 405 41
North West - Outer 375 248 360 238
4053 EvertonPark/McDowall/Mitchelton/Stafford/etc. 370 147 360 153
4054 AranaHills/Keperra 365 54 350 42
4061 TheGap 400 47 370 43
South - Inner 380 454 375 442
4103 Annerley/Fairfield 400 51 385 82
4104 Yeronga 380 19 399 27
4105 Moorooka/Tennyson/Yeerongpilly 370 54 375 45
4120 Greenslopes 390 36 420 26
4121 HollandPark/HollandParkWest/Tarragindi 395 121 370 103
4122 Mansfield/MtGravatt/Wishart/etc. 365 172 360 156
South - Outer 350 294 350 339
4106 Rocklea 340 6 320 14
4107 Salisbury 360 26 350 29
4108 Archerfield/CoopersPlains 350 18 350 29
4109 Macgregor/Robertson/Sunnybank/etc. 370 84 350 98
4110 AcaciaRidge/Willawong 320 45 310 51
4112 Kuraby 365 13 350 10
4113 EightMilePlains/Runcorn 355 65 350 59
4115 Algester/Parkinson 350 22 340 28
4116 Calamvale/Drewvale/Stretton 360 15 360 21
South East - Inner 400 345 400 368
4151 Coorparoo 410 51 395 45
4152 CampHill/Carina/CarinaHeights/Carindale 380 123 385 127
4170 CannonHill/Morningside/NormanPark/etc. 400 100 410 110
4171 Balmoral/Bulimba/Hawthorne 450 54 450 65
4172 Murarrie 380 17 380 21
South East - Outer 380 64 365 63
4153 Belmont 410 15 380 12
4154 Gumdale/Ransome/Wakerley 430 8 435 11
4173 Tingalpa 360 32 360 30
4174 Hemmant 370 5 350 8
South West - Inner 400 192 390 182
4068 Chelmer/Indooroopilly/Taringa 420 104 420 98
4075 Corinda/Graceville/Oxley/Sherwood 380 88 360 84
South West - Outer 340 375 330 407
4069 Brookfield/ChapelHill/FigTreePocket/etc. 400 69 395 63
4070 Anstead/Bellbowrie/Moggill 360 6 340 16
4073 SeventeenMileRocks/SinnamonPark 360 16 370 18
4074 Jindalee/MtOmmaney/Sumner/Westlake/etc. 360 72 350 78
4076 Darra/Wacol 320 24 315 28
4077 Doolandella/Durack/Inala/Richlands 290 71 285 69
4078 EllenGrove/ForestLake 330 117 325 135
Please see page 36 for legend and further notes
www.reiq.com.auIssue 6 - March Quarter 2010 page 8
MARKETMONITORQ
UE
EN
SLA
ND
BRISBANE CITY
Suburbs/Localities
MarQtr2010NewBonds
MarQtr2009Rent($)
NewBonds
Rent($)Po
stcode
MEDIAN WEEKLY RENTSSuburbs/Localities
MarQtr2010NewBonds
MarQtr2009Rent($)
NewBonds
Rent($)Po
stcode
MEDIAN WEEKLY RENTS
2 BEDROOM FLATS/UNITS 3 BEDROOM TOWNHOUSES BRISBANE CITY COUNCIL AREA 365 5,125 360 4,840
Bayside 300 50 290 44
4178 Lytton/Wynnum/WynnumWest 300 36 285 29
4179 Lota/Manly/ManlyWest 295 14 300 15
City Inner 430 2,327 420 2,287
4000 BrisbaneCity/SpringHill 530 428 520 405
4005 NewFarm 420 250 420 211
4006 BowenHills/FortitudeValley/Herston/Newstead 445 341 450 362
4064 Milton/Paddington 370 84 355 85
4066 Auchenflower/Toowong 370 342 370 383
4067 StLucia 380 273 380 243
4101 HighgateHill/SouthBrisbane/WestEnd 460 327 450 323
4102 Buranda/DuttonPark/Wooloongabba 370 47 350 63
4169 EastBrisbane/KangarooPoint 420 235 400 212
North - Inner 325 867 320 790
4007 Ascot/Hamilton 360 116 335 101
4010 Albion 350 33 330 30
4011 Clayfield/Hendra 325 146 320 146
4012 Nundah/Toombul/WavellHeights 330 180 330 174
4030 Lutwyche/Windsor/Wooloowin 300 144 300 131
4031 GordonPark/Kedron 310 100 300 81
4051 Alderley/Enogerra/Newmarket/Wilston/etc. 320 148 320 127
North - Outer 320 180 310 198
4013 Northgate 310 19 290 16
4014 Banyo/Nudgee/Virginia 275 7 290 11
4017 BrackenRidge/Brighton/Deagon/Sandgate/etc. 285 13 260 20
4018 Fitzgibbon/Taigum 320 7 305 13
4032 Chermside/ChermsideWest 340 76 320 87
4034 Aspley/Boondall/Carseldine/Geebung/Zillmere 320 58 310 50
North West - Inner 360 197 325 147
4059 KelvinGrove/RedHill 360 128 330 92
4060 Ashgrove 360 56 360 41
4065 Bardon 295 13 260 14
North West - Outer 320 69 300 49
4053 EvertonPark/McDowall/Mitchelton/Stafford/etc. 305 66 300 44
South - Inner 320 459 310 406
4103 Annerley/Fairfield 320 137 310 104
4104 Yeronga 330 23 310 39
4105 Moorooka/Tennyson/Yeerongpilly 300 55 280 48
4111 Nathan 270 11 n.a. 3
4120 Greenslopes 325 102 310 79
4121 HollandPark/HollandParkWest/Tarragindi 300 47 295 47
4122 Mansfield/MtGravatt/Wishart/etc. 360 84 350 86
South - Outer 360 56 320 49
4109 Macgregor/Robertson/Sunnybank/etc. 385 39 385 28
4115 Algester/Parkinson 280 9 250 6
South East - Inner 330 448 330 385
4151 Coorparoo 320 192 320 155
4152 CampHill/Carina/CarinaHeights/Carindale 340 44 310 39
4170 CannonHill/Morningside/NormanPark/etc. 350 98 330 86
4171 Balmoral/Bulimba/Hawthorne 355 114 350 103
South East - Outer 340 9 350 13
4173 Tingalpa 340 8 350 11
South West - Inner 350 438 350 443
4068 Chelmer/Indooroopilly/Taringa 355 391 360 410
4075 Corinda/Graceville/Oxley/Sherwood 320 47 295 33
South West - Outer 310 25 300 29
4078 EllenGrove/ForestLake 320 16 325 15
BRISBANE CITY COUNCIL AREA 389 1,482 375 1,186
Bayside 370 60 360 70
CityInner 530 94 530 57
North-Inner 420 123 430 94
North-Outer 360 130 350 99
NorthWest-Inner 480 24 435 16
NorthWest-Outer 385 52 380 42
South-Inner 395 141 380 96
South-Outer 365 416 360 389
SouthEast-Inner 420 216 390 142
SouthEast-Outer* 385 60 370 64
SouthWest-Inner 450 96 450 71
SouthWest-Outer* 350 70 350 46
www.reiq.com.auIssue 6 - March Quarter 2010 page 9
MARKETMONITORQ
UE
EN
SLA
ND
BRISBANE SURROUNDS
99
3
BRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+
147 157 334147 157 334147 157 334147 157 334 2022022022021045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 10
136 352136 352136 352136 352 159159159159254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09
44444444 225463 225463 225463 225463
251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09
BRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALES
<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+
18 7418 7418 74993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10
20 8620 8620 86935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09
9 8787871534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 09
INCLUDESINCLUDESINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALESGOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+
18 7518 75
531 531MAR 10 MAR 10 195 263 60MAR 10531 531MAR 10 MAR 10 195 263 60MAR 10210 71 16210 71 16
33 5233 52
483 511DEC 09 190 255 97DEC 09483 511DEC 09 190 255 97DEC 09180 61 13DEC 09 180 61 13DEC 09
48 4448 44MAR 09 248 249 32MAR 09MAR 09 248 249 32MAR 09681 344 256 51 3MAR 09681 344 256 51MAR 09
SUNSHINE COAST HOUSE SALES CAIRNS HOUSE SALESGLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+
59 51
469 351MAR 10 144 190 52MAR 1058 91 26MAR 10
44 36
409 298DEC 09 164 184 66DEC 0980 67 21DEC 09
111 29
457 240MAR 09 202 187 45MAR 0953 86 4MAR 09
251
254
147
1273
1358
1045
927
1409
1557
44
136
157
MAR 09
SEP 09
MAR 10
BRISBANE CITY HOUSE SALES<$350,000 <$500,000 <$1m $1m+
1534
935
993
1511
1278
1373
344
490
541
9
20
18
MAR 09
DEC 09
MAR 10
BRISBANE SURROUNDS' HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
48
33
18
681
483
531
344
511
531
44
52
75
MAR 09
DEC 09
MAR 10
GOLD COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
111
44
59
457
409
469
240
298
351
29
36
51
MAR 09
DEC 09
MAR 10
SUNSHINE COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
256
180
210
51
61
71
3
13
16
MAR 09
DEC 09
MAR 10
BUNDABERG HOUSE SALES<$350,000 <$500,000 $500,000+
202
164
144
187
184
190
45
66
52
MAR 09
DEC 09
MAR 10
CAIRNS HOUSE SALES<$350,000 <$500,000 $500,000+
251
198
221
59
92
93
10
20
14
MAR 09
DEC 09
MAR 10
FRASER COAST HOUSESALES<$350,000 <$500,000 $500,000+
53
80
58
86
67
91
4
21
26
MAR 09
DEC 09
MAR 10
GLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+
248
190
195
249
255
263
32
97
60
MAR 09
DEC 09
MAR 10
TOWNSVILLE HOUSE SALES<$350,000 <$500,000 $500,000+
87
86
74
164
167
211
34
66
56
MAR 09
DEC 09
MAR 10
MACKAY HOUSE SALES<$350,000 <$500,000 $500,000+
225
159
202
88
96
89
25
32
36
MAR 09
DEC 09
MAR 10
ROCKHAMPTON HOUSE SALES<$350,000 <$500,000 $500,000+
463
352
334
116
116
116
20
47
39
MAR 09
DEC 09
MAR 10
TOOWOOMBA HOUSE SALES<$350,000 <$500,000 $500,000+
8 3
4
8
2
1
3
1
5
7
6
7
8 3
4
8
2
1
2
2
1
3
1
5
7
6
7
8 3
4
8
2
1
BRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
57575757
310 774 300 36MAR 10 53 35 1MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10 12 41 8MAR 10 12 41MAR 10 12 41MAR 10 12 41MAR 10
7676767651 2515151521 944 336SEP 09 30 22 4DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09
71717171514 660 169 19MAR 09 8 15 3MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09
BRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
118 289 123 68DEC 09 13 22 5MAR 10 16 41 7MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10
119 242 140 60SEP 09 17 34 1DEC 09 21 27 6DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09
163 277 69 21MAR 09 22 31 3MAR 09 18 29 7MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALESGOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
125 510 509 103347MAR 10 19 28 1MAR 10 29 107 18MAR 10125 510 509 103347MAR 10 19 28MAR 10 29 107 18MAR 10
112 476 427 89313DEC 09 DEC 09 23 76 19DEC 09112 476 427 89313DEC 09 DEC 09 23 76 19DEC 0915 21 215 21
172 566 404 68244MAR 09 45 84 17MAR 09172 566 404 68244MAR 09 45 84 17MAR 0933 20 2MAR 09 33 20MAR 09
SUNSHINE COAST UNIT SALES CAIRNS UNIT SALESGLADSTONE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
50 186 169 30118MAR 10 149 112 19MAR 1010 27 3MAR 10
55 169 157 26124DEC 09 132 126 42DEC 095 14 6DEC 09
66 197 151 1573MAR 09 45 84 17MAR 098 10 1MAR 09
71
76
57
514
521
310
660
944
774
169
336
300
19
51
36
MAR 09
SEP 09
MAR 10
BRISBANE CITY UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
163
119
118
277
242
289
69
140
123
21
60
68
MAR 09
SEP 09
DEC 09
BRISBANE SURROUNDS' UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
172
112
125
566
476
510
404
427
509
68
89
103
244
313
347
MAR 09
DEC 09
MAR 10
GOLD COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
66
55
50
197
169
186
151
157
169
15
26
30
73
124
118
MAR 09
DEC 09
MAR 10
SUNSHINE COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
33
15
19
20
21
28
2
2
1
MAR 09
DEC 09
MAR 10
BUNDABERG UNIT SALES<$250,000 <$500,000 $500,000+
45
132
149
84
126
112
17
42
19
MAR 09
DEC 09
MAR 10
CAIRNS UNIT SALES<$250,000 <$500,000 $500,000+
22
17
13
31
34
22
3
1
5
MAR 09
DEC 09
MAR 10
FRASER COAST UNIT SALES<$250,000 <$500,000 $500,000+
8
5
10
10
14
27
1
6
3
MAR 09
DEC 09
MAR 10
GLADSTONE UNIT SALES<$250,000 <$500,000 $500,000+
45
23
29
84
76
107
17
19
18
MAR 09
DEC 09
MAR 10
TOWNSVILLE UNIT SALES<$250,000 <$500,000 $500,000+
18
21
16
29
27
41
7
6
7
MAR 09
DEC 09
MAR 10
MACKAY UNIT SALES<$250,000 <$500,000 $500,000+
8
30
12
15
22
41
3
4
8
MAR 09
DEC 09
MAR 10
ROCKHAMPTON UNIT SALES<$250,000 <$500,000 $500,000+
70
44
53
36
26
35
2
1
MAR 09
DEC 09
MAR 10
TOOWOOMBA UNIT SALES<$250,000 <$500,000 $500,000+
1
2
6
2
1
6
5
1
1
7
3
8
1
2
2 9
1
3
1
2
6
2
1
6
5
1
1
4
7
5
1
BUNDABERG LAND SALES
7
3
8
1
2
2
4
5
1
9
1
3
1
2
6
2
1
6
5
1
1
BRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
30 70 61 14MAR 10 84 5 1MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 10 72 6 1MAR 10 72MAR 10 72MAR 10 72MAR 10
98 172 55 19SEP 09 64 2 2DEC 0994 6 1DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 09
60 80 28 10MAR 09 87 1MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 09
BRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
118 289 123 68DEC 09 68 8 2MAR 10 94 9MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10
119 242 140 60SEP 09 49 3 2DEC 09 104 12 3DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09
163 277 69 21MAR 09 76 7 1MAR 09 70 10 1MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST LAND SALES BUNDABERG LAND SALES TOWNSVILLE LAND SALESGOLD COAST LAND SALES TOWNSVILLE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
125 510 509 347MAR 10 66 5MAR 10 79 16 1MAR 10125 510 509 347MAR 10 66MAR 10 79 16MAR 10
112 476 427 313DEC 09 DEC 09 94 21 5DEC 09112 476 427 313DEC 09 DEC 09 94 21DEC 0956 7 156
172 566 404 244MAR 09 86 4MAR 09172 566 404 244MAR 09 86MAR 0945 4MAR 09 45MAR 09
SUNSHINE COAST LAND SALES CAIRNS LAND SALESGLADSTONE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
50 186 169 118MAR 10 71 17 2MAR 1040 7 1MAR 10
55 169 157 124DEC 09 90 18 6DEC 0963 2 1DEC 09
66 197 151 73MAR 09 73 3 2MAR 0921 2MAR 09
60
98
30
80
172
70
28
55
61
10
19
14
MAR 09
SEP 09
MAR 10
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
163
119
118
277
242
289
69
140
123
21
60
68
MAR 09
SEP 09
DEC 09
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
172
112
125
566
476
510
404
427
509
244
313
347
MAR 09
DEC 09
MAR 10
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
66
55
50
197
169
186
151
157
169
73
124
118
MAR 09
DEC 09
MAR 10
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
45
56
66
4
7
5
1
MAR 09
DEC 09
MAR 10
BUNDABERG LAND SALES<$250,000 <$500,000 $500,000+
73
90
71
3
18
17
2
6
2
MAR 09
DEC 09
MAR 10
CAIRNS LAND SALES<$250,000 <$500,000 $500,000+
76
49
68
7
3
8
1
2
2
MAR 09
DEC 09
MAR 10
FRASER COAST LAND SALES<$250,000 <$500,000 $500,000+
21
63
40
2
2
7
1
1
MAR 09
DEC 09
MAR 10
GLADSTONE LAND SALES<$250,000 <$500,000 $500,000+
86
94
79
4
21
16
5
1
MAR 09
DEC 09
MAR 10
TOWNSVILLE LAND SALES<$250,000 <$500,000 $500,000+
70
104
94
10
12
9
1
3
MAR 09
DEC 09
MAR 10
MACKAY LAND SALES<$250,000 <$500,000 $500,000+
87
64
72
1
2
6
2
1
MAR 09
DEC 09
MAR 10
ROCKHAMPTON LAND SALES<$250,000 <$500,000 $500,000+
84
94
84
6
5
1
1
MAR 09
DEC 09
MAR 10
TOOWOOMBA LAND SALES<$250,000 <$500,000 $500,000+
Median house and unit prices The Brisbane surrounds areas of Logan City, Ipswich, Redland and Moreton Bay experienced a mixed bag of results throughout the March quarter.
Redland Bay was the star performer for the Greater Brisbane region with a 3.5 per cent median house price increase to $477,000, whereas, Moreton Bay recorded the highest volume of preliminary sales numbers at 1,188 and a 0.4 per cent increase to its median house price to $401,750.
Cashmere and Albany Creek were strong performing suburbs throughout the Moreton Bay region with an 11.9 per cent and 10.3 per cent increase to median house prices, respectively.
Ipswich City fared well in the unit and townhouse market compared to the rest of the Greater Brisbane region with a 4.6 per cent increase to $251,000 over the March quarter.
Moreton Bay was again a popular choice amongst buyers in this market with its preliminary sales numbers reaching more than 280.
Victoria Point, in the Redland City local government area, increased its median unit price by 26.8 per cent to $399,500 which was largely attributed to some new townhouse sales.
In the Logan City local government area, Woodridge’s recorded a healthy increase by 9.3 per cent thanks to a new townhouse release; while, Rochedale South managed a 6.1 per cent gain to a median price of $295,000.
Median land pricesRedland Bay was a stand out region for the year ending March 2010, with it’s median land price increasing 245 per cent for the year. This was due to a large shift in the location and quality of blocks sold. There was a large drop in sales on Russell Island where blocks normally sell for approximately $50,000, while there was an increase in sales in suburbs such as Redland Bay and Thornlands where blocks in new subdivisions sell in excess of $250,000. This shift in land sales activity pushed the annual median up dramatically.
Sales in new land subdivisions in Caboolture, Griffin, Morayfield and North Lakes assisted in the increased sales activity for the Moreton Bay residential land market, which saw preliminary sales numbers increase 67 per cent over the past 12 months.
Rental marketAcross Greater Brisbane the rental market tightened during the six months to the end of March 2010 with all surrounding shires recording lower vacancy rates to those at the end of September last year.
After experiencing a high vacancy rate in September 2009, Moreton Bay regional has returned to a healthier rate of 3.3 per cent. Agents report that more affordably priced rental properties are in low supply, whilst others also report there are some landlords expecting unrealistic rental returns.
As at the end of March, Ipswich and Logan recorded the tightest vacancy rates at 2.3 per cent, followed by Moreton Bay on 3.3 per cent and Redland City at 4.3 per cent.
With the winding back of the first home owner boost, demand for the rental market in the outer areas of Greater Brisbane is returning to the usual levels of around 3 per cent. The number of applicants per rental listing has reportedly increased from two to five across all surrounding council areas.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 6 - March Quarter 2010 page 10
MARKETMONITORQ
UE
EN
SLA
ND
BRISBANE SURROUNDS
HOUSES continuedHOUSES
Suburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
Suburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATA
IPSWICH CITY (LGA) 545 $320,000 -1.2% $320,000 1.6% 48.8%
IPSWICH CITY (LGA) ^ 43 $490,000 -5.8% $496,000 10.2% 38.1%
AUGUSTINEHEIGHTS* 5 N/A N/A $550,000 N/A N/A
BASINPOCKET 10 $252,500 N/A N/A N/A N/A
BELLBIRDPARK~ 13 $355,000 14.5% $340,000 1.0% 54.5%
BLACKSTONE 9 $355,000 N/A $355,000 N/A N/A
BOOVAL~ 7 $275,000 -6.5% $295,000 6.1% 53.0%
BRASSALL~ 27 $350,000 3.6% $338,000 -1.4% 45.4%
BROOKWATER+* 5 N/A N/A $658,000 N/A N/A
BUNDAMBA 26 $279,001 4.9% $281,500 0.9% 40.8%
CAMIRA 22 $357,500 -2.1% $354,000 2.2% 41.6%
CHURCHILL~ 4 N/A N/A $257,500 -1.9% 44.7%
COALFALLS 3 N/A N/A $298,750 N/A N/A
COLLINGWOODPARK 17 $315,000 1.0% $325,000 -0.9% 39.2%
EASTIPSWICH~ 8 $265,000 -9.4% $280,000 0.8% 48.1%
EASTERNHEIGHTS~ 13 $317,000 11.2% $293,000 9.3% 43.3%
FLINDERSVIEW*~ 19 $356,000 -13.2% $387,250 -0.1% 46.1%
GAILES 5 N/A N/A $250,600 N/A 40.8%
GOODNA~ 29 $308,000 1.8% $300,000 -1.6% 62.2%
IPSWICH 9 $325,000 -2.1% $332,000 4.1% 54.4%
KARALEE^~ 8 $497,500 -17.4% $540,000 20.7% N/A
LEICHHARDT 12 $260,500 6.8% $250,000 2.0% 49.7%
NEWTOWN 9 $353,000 N/A $333,750 3.3% 50.3%
NORTHBOOVAL~ 7 $265,000 -8.3% $300,500 13.2% 66.9%
NORTHIPSWICH 23 $285,000 -4.4% $285,000 1.1% 54.1%
ONEMILE~ 9 $265,000 N/A $245,000 -3.9% 47.6%
PINEMOUNTAIN^ 3 N/A N/A $530,000 N/A N/A
RACEVIEW 27 $328,500 -2.1% $320,000 4.9% 48.8%
REDBANKPLAINS 39 $315,000 0.0% $315,000 3.3% 57.5%
RIVERVIEW~ 9 $255,000 4.1% $255,000 -2.9% 61.4%
ROSEWOOD 5 N/A N/A $260,000 2.0% 33.3%
SADLIERSCROSSING~ 10 $303,000 -7.6% $305,000 N/A 56.4%
SILKSTONE 16 $274,750 -1.9% $275,000 -0.4% 44.0%
SPRINGFIELD~ 24 $378,500 5.1% $365,500 -2.5% 26.5%
SPRINGFIELDLAKES* 69 $389,000 -5.1% $397,500 2.2% 27.3%
TIVOLI 4 N/A N/A $268,500 4.1% 52.3%
WOODEND 10 $303,250 N/A $310,000 6.4% 42.9%
YAMANTO~ 16 $347,500 -7.3% $355,000 7.6% 37.5%
LOGAN CITY (LGA) 681 $369,000 1.9% $358,000 5.3% 52.3%
LOGAN CITY (LGA) ^ 144 $527,500 1.0% $515,000 3.0% 35.9%
BAHRSSCRUB 4 N/A N/A $399,000 N/A N/A
BAHRSSCRUB^~ 5 $961,400 N/A N/A N/A N/A
BEENLEIGH~ 22 $320,680 -5.7% $334,500 3.7% 46.4%
BERRINBA 14 $420,150 2.6% $397,000 9.7% N/A
BETHANIA 12 $307,500 -1.6% $320,000 6.7% 48.8%
BORONIAHEIGHTS 31 $320,000 1.5% $320,500 5.1% 52.6%
BROWNSPLAINS 21 $330,000 -2.4% $327,750 4.9% 51.0%
BUCCAN^ 4 N/A N/A $530,000 N/A 30.9%
CEDARGROVE^~ 6 $389,500 -18.8% $426,500 11.1% 42.2%
CEDARVALE^~ 9 $445,000 -4.3% $435,000 3.0% 40.8%
CORNUBIA 21 $460,000 1.1% $472,500 7.4% 27.4%
CRESTMEAD 27 $310,000 -3.9% $318,000 7.6% 59.4%
DAISYHILL~* 22 $456,500 15.6% $400,000 2.6% 39.1%
EAGLEBY 23 $310,000 8.8% $292,050 3.0% 58.7%
EDENSLANDING 15 $360,000 0.0% $365,000 4.3% 46.6%
FORESTDALE^ 4 N/A N/A $607,500 0.4% 31.5%
GREENBANK^ 20 $557,500 0.5% $532,000 0.9% 45.8%
HERITAGEPARK 15 $450,000 4.2% $416,750 9.7% 39.4%
HILLCREST 10 $333,750 -2.6% $336,250 1.9% 46.2%
JIMBOOMBA^ 19 $500,000 3.1% $461,250 2.5% 36.3%
JIMBOOMBA~ 13 $450,000 23.3% $437,500 13.6% 70.7%
KINGSTON~ 29 $280,000 -8.9% $287,500 4.2% 59.7%
LOGANCENTRAL 16 $276,500 -2.1% $278,000 4.0% 53.2%
LOGANVILLAGE^ 8 $566,000 5.5% $520,000 9.2% 33.3%
LOGANHOLME 24 $374,500 -1.8% $370,000 6.6% 45.1%
LOGANLEA 19 $330,000 1.5% $316,500 5.5% 56.7%
MARSDEN 32 $333,500 7.2% $322,000 3.9% 53.3%
MEADOWBROOK 8 $397,000 N/A $392,000 4.4% 31.1%
MOUNTWARRENPARK 26 $357,500 -0.7% $364,000 4.1% 36.3%
MUNDOOLUN^~ 5 $625,000 N/A $500,000 -1.0% N/A
MUNRUBEN^~ 6 $540,000 8.7% $515,000 -1.2% 36.1%
NEWBEITH^ 7 $549,000 4.1% $529,500 3.8% N/A
PARKRIDGE^~ 2 N/A N/A $870,000 N/A 85.1%
PARKRIDGESOUTH^~ 2 N/A N/A $495,000 -1.0% 30.6%
REGENTSPARK 42 $368,500 0.1% $362,500 2.4% 48.0%
ROCHEDALESOUTH 57 $426,800 1.9% $415,000 9.2% 50.9%
SHAILERPARK~ 32 $467,500 -9.2% $465,000 6.9% 32.9%
SLACKSCREEK~ 30 $305,000 3.7% $295,000 -4.3% 35.0%
SOUTHMACLEAN^ 5 $480,000 N/A N/A N/A N/A
SPRINGWOOD 28 $445,000 3.5% $417,000 5.2% 40.4%
TAMBORINE^~ 12 $602,500 6.9% $540,000 14.2% 45.9%
TANAHMERAH 9 $430,000 8.0% $407,500 6.9% 43.0%
UNDERWOOD 19 $445,000 0.0% $427,500 8.0% 42.3%
WATERFORD~ 8 $379,000 -0.9% $400,000 -0.5% N/A
WATERFORDWEST 15 $385,000 N/A $330,000 8.2% 59.4%
WINDAROO+* 12 $447,500 2.9% $437,000 8.6% 38.7%
WOODRIDGE 21 $270,000 1.9% $270,000 3.8% 53.8%
MORETON BAY (LGA) 1,188 $401,750 0.4% $393,000 5.5% 37.9%
MORETON BAY (LGA) ^ 122 $625,850 4.3% $580,000 1.8% 28.9%
ALBANYCREEK 42 $550,250 10.3% $487,250 2.6% 34.6%
ARANAHILLS 16 $432,000 -3.4% $434,150 -0.4% 37.4%
BANKSIABEACHf 28 $487,500 5.7% $486,000 3.1% 23.0%
BEACHMERE~f 10 $354,000 -10.4% $362,500 2.1% 39.4%
BELLARA 11 $345,000 -2.8% $344,000 6.3% 15.1%
BELLMERE 32 $371,003 1.0% $365,900 6.1% 33.1%
BONGAREEf 12 $385,500 4.9% $388,000 2.9% 5.6%
BRAYPARK 38 $381,500 1.7% $375,000 5.6% 45.7%
BURPENGARY 27 $395,000 0.3% $382,500 6.3% 41.7%
BURPENGARY^ 16 $570,000 4.1% $540,000 2.9% 28.4%
CABOOLTURE 56 $318,500 -1.7% $315,000 5.0% 43.2%
CABOOLTURE^ 6 $470,000 9.3% $480,000 3.7% 22.4%
CABOOLTURESOUTH~ 20 $315,000 7.9% $295,000 -1.3% 39.4%
CASHMERE 14 $604,500 11.9% $540,000 2.9% 34.8%
CASHMERE^ 8 $692,500 -1.1% $700,000 N/A 40.3%
CLONTARF 34 $359,500 -4.1% $369,000 5.7% 33.0%
DECEPTIONBAY~ 69 $325,000 -7.8% $325,000 3.5% 41.3%
EATONSHILL 39 $543,000 -3.0% $520,000 2.4% 30.0%
ELIMBAH^~ 6 $441,000 -15.2% $495,000 3.4% 24.7%
EVERTONHILLS 28 $474,537 4.1% $459,000 9.3% 50.5%
FERNYHILLS 33 $472,500 5.5% $440,000 3.5% 39.7%
GRIFFIN 10 $447,750 7.6% $406,500 N/A 33.3%
HIGHVALE^ 5 $820,000 N/A N/A N/A N/A
JOYNER~ 5 N/A N/A $450,000 -1.6% N/A
KALLANGUR 60 $370,000 4.2% $355,000 3.8% 39.2%
KIPPA-RING 30 $368,500 1.0% $370,000 5.9% 35.5%
LAWNTON 9 $335,000 -4.3% $348,000 7.1% 42.6%
Please see page 36 for legend and further notes
www.reiq.com.auIssue 6 - March Quarter 2010 page 11
MARKETMONITORQ
UE
EN
SLA
ND
BRISBANE SURROUNDS
Suburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
Suburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
UNITS & TOWNHOUSES
VACANT URBAN LAND
MEDIAN SALES DATA MEDIAN SALES DATA
HOUSES continued UNITS & TOWNHOUSES continuedMANGOHILL~ 17 $456,000 -2.4% $460,000 12.2% 33.9%
MARGATE~ 45 $410,000 15.9% $375,000 10.3% 34.6%
MORAYFIELD 48 $330,000 -2.9% $335,000 3.1% 34.0%
MORAYFIELD^~ 24 $499,500 -19.4% $560,000 7.7% 36.3%
MURRUMBADOWNS 35 $459,000 9.8% $440,000 6.0% 39.7%
NARANGBA 64 $457,700 4.0% $442,000 10.5% 40.3%
NARANGBA^ 4 N/A N/A $627,500 N/A N/A
NEWPORT~f 7 $910,000 34.0% $750,000 N/A N/A
NINGI 6 N/A N/A $302,000 N/A 22.0%
NINGI^ 6 $530,000 11.6% $480,500 2.2% N/A
NORTHLAKES 77 $477,000 7.2% $445,000 0.0% N/A
PETRIE 27 $388,000 4.9% $387,250 6.2% 44.5%
REDCLIFFE 29 $384,000 3.8% $365,000 1.4% 32.7%
ROTHWELL 27 $385,000 4.3% $385,000 1.3% 20.3%
SAMFORDVALLEY^ 3 N/A N/A $800,000 4.3% 30.3%
SANDSTONEPOINT 19 $395,000 -2.9% $395,000 2.1% 18.3%
SCARBOROUGH~f 23 $440,000 -11.7% $450,000 9.2% 25.9%
STRATHPINE 28 $354,000 1.1% $352,000 6.7% 43.1%
UPPERCABOOLTURE 5 N/A N/A $349,500 4.3% 21.4%
UPPERCABOOLTURE^ 4 N/A N/A $547,250 8.3% 45.4%
WAMURAN^~ 4 N/A N/A $516,500 -6.9% 26.0%
WARNER 33 $470,000 2.3% $460,000 4.3% 33.2%
WOODFORD 7 $320,000 N/A $320,000 N/A 56.1%
WOODYPOINT~ 20 $410,000 15.2% $382,000 5.4% 32.9%
WOORIM 5 N/A N/A $433,500 11.2% 20.4%
REDLAND CITY (LGA) 511 $477,000 3.5% $460,000 5.7% 35.3%
REDLAND CITY (LGA) ^ ~ 27 $745,000 -11.8% $785,000 -2.2% 27.6%
ALEXANDRAHILLS 59 $405,000 -2.6% $410,000 6.5% 41.4%
BIRKDALE 49 $490,000 1.1% $472,750 0.8% 37.0%
CAPALABA 44 $423,750 3.4% $410,800 1.4% 39.3%
CAPALABA^~ 11 $745,000 -12.4% $830,750 N/A 32.4%
CLEVELAND~f 35 $480,000 -14.6% $513,000 -0.4% 23.6%
MACLEAYISLAND~f 15 $210,000 -16.0% $230,000 -10.2% 27.8%
MOUNTCOTTON 22 $459,450 7.6% $458,000 4.1% 45.4%
ORMISTON~f 21 $620,000 18.1% $595,000 8.2% 38.1%
REDLANDBAY 59 $500,000 4.2% $490,500 1.1% 30.8%
RUSSELLISLAND~f 14 $250,000 28.2% $232,000 2.0% 49.7%
SHELDON^ 5 $730,000 N/A $760,000 N/A N/A
THORNESIDE~ 10 $575,000 33.4% $449,750 16.3% 48.7%
THORNLANDS^ 7 $785,000 N/A $862,000 N/A 26.8%
THORNLANDS~ 65 $521,250 -7.4% $538,000 5.5% 25.7%
VICTORIAPOINT 60 $499,000 2.9% $467,000 5.4% 24.5%
WELLINGTONPOINT 42 $573,000 8.6% $530,000 8.9% 27.7%
IPSWICH CITY (LGA)² - * 37 $251,000 4.6% $245,000 -7.9% 49.4%
BELLBIRDPARK 4 N/A N/A $232,500 N/A 83.1%
BRASSALL* 4 N/A N/A $271,500 -1.3% 46.6%
GOODNA - N/A N/A $234,000 N/A 73.3%
RACEVIEW 8 $252,500 N/A N/A N/A N/A
REDBANKPLAINS* 4 N/A N/A $280,000 20.2% 115.4%
LOGAN CITY (LGA) * ~ 159 $260,000 -5.5% $275,000 10.0% 83.3%
BEENLEIGH* 18 $235,250 N/A $231,000 -1.7% 77.7%
BROWNSPLAINS 2 N/A N/A $276,000 N/A 76.4%
EAGLEBY* 9 $278,000 N/A $313,900 14.6% 136.9%
EDENSLANDING* 1 N/A N/A $257,000 N/A 69.1%
KINGSTON* 6 N/A N/A $297,500 54.5% 133.3%
LOGANCENTRAL 4 N/A N/A $192,500 N/A 70.4%
LOGANLEA* 2 N/A N/A $289,000 N/A N/A
MARSDEN* 3 N/A N/A $355,000 N/A N/A
MOUNTWARRENPARK- 2 N/A N/A $250,500 23.7% 72.2%
ROCHEDALESOUTH 11 $295,000 6.1% $286,750 6.6% 65.5%
SHAILERPARK 8 $271,000 N/A $292,500 8.3% 62.5%
SLACKSCREEK~ 7 $243,000 -0.4% $240,000 2.9% 55.8%
SPRINGWOOD 9 $310,000 6.0% $284,000 6.8% 62.3%
WATERFORDWEST 5 N/A N/A $230,000 2.2% 74.2%
WOODRIDGE* 33 $224,000 9.3% $211,630 5.8% 77.8%
MORETON BAY (LGA) 284 $325,000 -1.5% $335,000 11.7% 45.7%
ARANAHILLS 6 N/A N/A $360,000 N/A N/A
BELLARA 11 $305,000 N/A $305,000 N/A 22.0%
BONGAREE~ 20 $339,500 17.7% $318,250 6.3% 23.8%
BRENDALE~ 13 $288,000 -5.3% $283,000 -0.7% 53.0%
BURPENGARY 14 $293,000 N/A $289,000 7.0% 37.6%
CABOOLTURE* 9 $212,500 3.9% $285,000 9.6% 104.3%
CLONTARF* 9 $289,000 -11.1% $349,725 18.6% N/A
DECEPTIONBAY* 6 N/A N/A $265,000 0.0% 15.2%
KALLANGUR* 30 $333,000 0.9% $335,000 -4.8% 45.7%
KIPPA-RING* 15 $337,950 19.4% $337,950 15.5% 47.6%
MARGATE* 10 $333,100 -26.0% $397,500 28.0% 55.3%
MORAYFIELD~ 8 $249,250 -1.5% $230,000 -8.7% 43.8%
MURRUMBADOWNS* 7 $351,500 N/A $349,000 1.2% 51.7%
REDCLIFFE*f 27 $350,000 -2.8% $366,000 15.3% 28.7%
ROTHWELL 6 N/A N/A $326,500 6.0% N/A
SCARBOROUGHf 19 $450,000 2.9% $440,000 15.8% 13.1%
STRATHPINE 13 $289,000 N/A $289,000 4.7% 43.1%
WOODYPOINT*f 18 $535,000 41.7% $427,000 37.7% 85.7%
REDLAND CITY (LGA) ~ 104 $351,000 -5.6% $360,000 9.1% 50.0%
BIRKDALE 4 N/A N/A $360,000 11.5% N/A
CAPALABA~ 17 $315,000 -3.8% $305,000 1.7% 48.8%
CLEVELAND*f 33 $380,000 -1.3% $403,750 16.0% 41.7%
ORMISTON 9 $350,000 N/A $350,000 4.9% 48.6%
POINTLOOKOUT 4 N/A N/A $410,000 N/A 39.0%
THORNESIDE 5 N/A N/A $310,000 0.0% 51.2%
THORNLANDS 3 N/A N/A $405,000 N/A N/A
VICTORIAPOINT* 12 $399,500 26.8% $330,000 -1.2% 49.3%
IPSWICH CITY (LGA) 150 $176,500 -1.4% $175,000 2.9% 29.6%
IPSWICH CITY (LGA) ^ ~ * 21 $239,900 N/A $238,500 -12.8% 50.5%
AUGUSTINEHEIGHTS* 11 $240,000 11.6% $224,000 0.8% N/A
BELLBIRDPARK~ - N/A N/A $205,000 19.9% N/A
BRASSALL* 10 $187,000 8.7% $179,999 0.3% 30.4%
BROOKWATER+* 6 $294,500 -5.0% $308,500 -2.1% 35.3%
BUNDAMBA* 5 $167,500 -8.2% $166,250 N/A N/A
CHUWAR 2 N/A N/A $198,000 1.5% N/A
COLLINGWOODPARK* 3 N/A N/A $155,000 -8.0% 12.0%
GOODNA 12 $177,500 4.4% $175,000 N/A 29.6%
KARALEE^* 11 $267,000 N/A $259,000 N/A 26.7%
NORTHBOOVAL 11 $189,000 1.1% $185,000 N/A N/A
PINEMOUNTAIN^* 4 N/A N/A $214,000 N/A 47.6%
RACEVIEW* 5 $162,500 N/A $159,000 -5.9% 38.3%
REDBANKPLAINS 39 $174,500 0.3% $170,500 0.9% 25.4%
ROSEWOOD 2 N/A N/A $141,250 N/A N/A
SPRINGFIELDLAKES* 36 $169,000 -7.1% $169,000 6.3% 35.2%
Please see page 36 for legend and further notes
www.reiq.com.auIssue 6 - March Quarter 2010 page 12
MARKETMONITORQ
UE
EN
SLA
ND
BRISBANE SURROUNDS
VACANT URBAN LAND continued 3 BEDROOM HOUSES
Suburbs/Localities
MarQtr2010NewBonds
MarQtr2009Rent($)
NewBonds
Rent($)Po
stcode
MEDIAN WEEKLY RENTSSuburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
MEDIAN SALES DATA
WULKURAKA* 5 $185,000 N/A N/A N/A N/A
LOGAN CITY (LGA) ~ * 107 $217,000 5.9% $210,900 10.4% 45.4%
LOGAN CITY (LGA) ^ ~ * 30 $221,000 -18.1% $246,000 2.3% 50.0%
BAHRSSCRUB* 18 $239,000 -2.4% $239,000 N/A N/A
DAISYHILL* 5 $320,000 -7.2% $342,500 N/A N/A
GREENBANK^ 4 N/A N/A $241,500 0.6% 50.9%
HILLCREST* 3 N/A N/A $207,500 N/A N/A
HOLMVIEW 5 $210,900 N/A $210,900 1.9% N/A
JIMBOOMBA* 3 N/A N/A $185,000 1.5% 55.5%
JIMBOOMBA^~ 5 $210,000 -3.7% $199,000 N/A 28.8%
LOGANHOLME 4 N/A N/A $220,000 0.0% N/A
LOGANLEA 2 N/A N/A $194,000 N/A N/A
MARSDEN* 24 $196,500 2.9% $190,900 N/A 31.7%
NEWBEITH^ 3 N/A N/A $249,500 4.0% 46.8%
UNDERWOOD* 12 $330,000 -3.5% $335,000 3.1% 57.6%
WATERFORD* 20 $163,000 10.8% $177,000 -1.7% 22.1%
WOODHILL^* 8 $188,500 N/A $180,000 N/A N/A
MORETON BAY (LGA) 365 $206,250 3.1% $204,925 -2.4% 21.3%
MORETON BAY (LGA) ^ 31 $390,000 -6.5% $395,000 3.9% 33.9%
BANKSIABEACH+*f 9 $450,000 47.5% $450,000 0.0% 10.1%
BEACHMERE* 5 $240,000 N/A $198,000 N/A N/A
BELLMERE* 16 $180,425 -9.7% $195,000 0.1% N/A
BRAYPARK 1 N/A N/A $220,000 0.0% 18.9%
BUNYA^* 2 N/A N/A $465,000 N/A N/A
BURPENGARY 4 N/A N/A $230,000 N/A 20.7%
CABOOLTURE* 54 $195,000 0.5% $191,950 -1.6% 28.0%
CASHMERE* 4 N/A N/A $295,000 N/A 69.5%
DAKABIN* 12 $207,450 N/A $212,450 N/A N/A
FERNYHILLS* 8 $347,500 N/A $362,500 N/A N/A
GRIFFIN* 15 $207,000 6.7% $208,250 4.6% N/A
KALLANGUR* 3 N/A N/A $188,000 -6.0% 34.3%
MANGOHILL* 18 $216,000 -12.7% $228,400 4.6% 42.5%
MORAYFIELD* 29 $195,000 2.5% $190,000 0.5% 27.1%
MURRUMBADOWNS* 4 N/A N/A $295,000 29.8% 37.2%
NARANGBA* 20 $241,400 5.2% $233,150 11.1% 33.2%
NINGI 6 $252,500 N/A $227,900 0.0% N/A
NORTHLAKES* 97 $204,000 2.3% $198,000 -6.9% N/A
OCEANVIEW^* 6 $351,000 N/A N/A N/A N/A
ROTHWELL*~ - N/A N/A $187,000 -6.5% 0.1%
SAMFORDVALLEY^* 5 $432,500 N/A $500,000 N/A 26.6%
UPPERCABOOLTURE 8 $199,000 6.1% $192,000 N/A N/A
WAMURAN^* 3 N/A N/A $245,000 N/A N/A
WARNER* 27 $259,950 9.0% $230,000 4.5% 40.2%
REDLAND CITY (LGA) ~ * 104 $180,000 -20.0% $242,000 245.7% 404.2%
REDLAND CITY (LGA) ^ 5 N/A N/A $500,000 N/A 17.6%
BIRKDALE 6 $301,000 N/A $300,000 N/A 33.3%
CLEVELAND*f 2 N/A N/A $307,000 N/A N/A
RUSSELLISLAND~ 34 $39,440 11.9% $40,000 -27.3% 66.7%
MOUNTCOTTON* 4 N/A N/A $240,000 -10.9% 25.7%
REDLANDBAY* 15 $300,000 19.0% $270,000 1.5% 25.6%
WELLINGTONPOINT 7 $330,000 -2.9% $310,000 N/A 20.4%
VICTORIAPOINT* 9 $263,000 -0.8% $265,000 -7.3% 19.4%
MACLEAYISLAND~* 15 $62,000 17.0% $55,000 -20.3% 3.8%
THORNLANDS~* 4 N/A N/A $248,000 N/A -2.7%
IPSWICH CITY COUNCIL AREA 275 771 270 818
4300 Brookwater/Camira/SpringfieldLakes/etc. 310 165 300 190
4301 CollingwoodPark/Redbank/RedbankPlains 280 84 270 96
4303 Dinmore/Riverview 260 29 250 24
4304 Blackstone/Bundamba/Silkstone/etc. 260 84 260 83
4305 Brassall/Leichhardt/Raceview/Yamanto/etc. 265 324 260 332
4306 BarellanPoint/Karalee/Willowbank/etc. 290 58 275 59
4340 Ebenezer/Grandchester/Rosewood/etc. 270 25 260 25
LOGAN CITY COUNCIL AREA 315 890 310 933
4114 Kingston/LoganCentral/Woodridge 300 161 300 175
4118 BrownsPlains/HeritagePark/RegentsPark/etc. 320 107 310 94
4119 Underwood 330 10 335 18
4123 Rochedale/RochedaleSouth 350 56 340 64
4124 BoroniaHeights/Greenbank/NewBeith/etc. 320 28 300 52
4125 Munruben/ParkRidge/ParkRidgeSouth² 340 6 350 11
4127 DaisyHill/SlacksCreek/Springwood/etc. 325 107 335 79
4128 ShailerPark/TanahMerah 350 16 350 37
4129 Loganholme 330 18 320 23
4130 Carbrook/Cornubia 370 11 320 11
4131 Loganlea/Meadowbrook 320 27 310 42
4132 Crestmead/Marsden 310 89 300 83
4133 ChambersFlat/LoganReserve/Waterford/etc. 340 26 335 20
4205 Bethania 310 33 305 19
4207 Beenleigh/Eagleby/MtWarrenPark/etc. 300 171 300 183
4280 Jimboomba/NorthMaclean/SouthMaclean/etc. 350 22 350 21
MORETON BAY REGIONAL COUNCIL AREA 320 1005 300 1055
Caboolture Region 290 432 285 490
4504 Narangba 315 14 310 28
4505 Burpengary 320 23 310 22
4506 Moorina/Morayfield 290 54 285 57
4507 BanksiaBeach/Bellara/Bongaree/Woorim/etc. 300 51 300 56
4508 DeceptionBay 290 102 285 99
4510 Beachmere/Caboolture/UpperCaboolture/etc. 280 134 270 176
4511 GodwinBeach/Ningi/SandstonePt 320 23 300 23
4514 D'Aguilar/DelaneysCk/Neurum/Woodford/etc. 280 22 280 17
4516 Elimbah 340 5 n.a. 4
Pine Rivers Region 350 369 340 355
4035 AlbanyCreek/BridgemanDowns 360 24 370 32
4037 EatonsHill 395 11 n.a. 4
4055 Bunya/FernyGrove/FernyHills/UpperKedron 370 57 350 39
4500 BrayPark/Cashmere/Strathpine/Warner/etc. 340 67 330 74
4501 Lawnton 320 19 330 16
4502 Petrie 320 27 310 28
4503 Dakabin/Griffin/Kallangur/MurrumbaDowns/etc. 330 87 319 78
4509 MangoHill/NorthLakes 360 55 350 58
4520 CampMountain/Highvale/SamfordVillage/etc. 400 14 380 18
4521 Dayboro/MtPleasant/OceanView/etc. 335 8 275 8
Redcliffe Region 320 204 310 210
4019 Clontarf/Margate/WoodyPoint 320 88 320 85
4020 Redcliffe/Scarborough 320 77 310 86
4021 Kippa-Ring 330 34 300 26
4022 Rothwell 320 5 300 13
REDLAND CITY COUNCIL AREA 360 320 350 342
4157 Capalaba/CapalabaWest/Sheldon 360 45 350 39
4158 Thorneside 350 13 350 12
4159 Birkdale 380 16 365 25
4160 Ormiston/WellingtonPoint 370 36 365 29
4161 AlexandraHills 360 42 360 50
4163 Cleveland 380 44 370 40
www.reiq.com.auIssue 6 - March Quarter 2010 page 13
MARKETMONITORQ
UE
EN
SLA
ND
3 BEDROOM HOUSES continued
BRISBANE SURROUNDS
2 BEDROOM FLATS/UNITS continued
GOLD COAST CITY
Suburbs/Localities
MarQtr2010NewBonds
MarQtr2009Rent($)
NewBonds
Rent($)Po
stcode Suburbs/
LocalitiesMarQtr2010
NewBonds
MarQtr2009Rent($)
NewBonds
Rent($)Po
stcode
MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS
2 BEDROOM FLATS/UNITS
99
3
BRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+
147 157 334147 157 334147 157 334147 157 334 2022022022021045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 10
136 352136 352136 352136 352 159159159159254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09
44444444 225463 225463 225463 225463
251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09
BRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALES
<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+
18 7418 7418 74993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10
20 8620 8620 86935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09
9 8787871534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 09
INCLUDESINCLUDESINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALESGOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+
18 7518 75
531 531MAR 10 MAR 10 195 263 60MAR 10531 531MAR 10 MAR 10 195 263 60MAR 10210 71 16210 71 16
33 5233 52
483 511DEC 09 190 255 97DEC 09483 511DEC 09 190 255 97DEC 09180 61 13DEC 09 180 61 13DEC 09
48 4448 44MAR 09 248 249 32MAR 09MAR 09 248 249 32MAR 09681 344 256 51 3MAR 09681 344 256 51MAR 09
SUNSHINE COAST HOUSE SALES CAIRNS HOUSE SALESGLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+
59 51
469 351MAR 10 144 190 52MAR 1058 91 26MAR 10
44 36
409 298DEC 09 164 184 66DEC 0980 67 21DEC 09
111 29
457 240MAR 09 202 187 45MAR 0953 86 4MAR 09
251
254
147
1273
1358
1045
927
1409
1557
44
136
157
MAR 09
SEP 09
MAR 10
BRISBANE CITY HOUSE SALES<$350,000 <$500,000 <$1m $1m+
1534
935
993
1511
1278
1373
344
490
541
9
20
18
MAR 09
DEC 09
MAR 10
BRISBANE SURROUNDS' HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
48
33
18
681
483
531
344
511
531
44
52
75
MAR 09
DEC 09
MAR 10
GOLD COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
111
44
59
457
409
469
240
298
351
29
36
51
MAR 09
DEC 09
MAR 10
SUNSHINE COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
256
180
210
51
61
71
3
13
16
MAR 09
DEC 09
MAR 10
BUNDABERG HOUSE SALES<$350,000 <$500,000 $500,000+
202
164
144
187
184
190
45
66
52
MAR 09
DEC 09
MAR 10
CAIRNS HOUSE SALES<$350,000 <$500,000 $500,000+
251
198
221
59
92
93
10
20
14
MAR 09
DEC 09
MAR 10
FRASER COAST HOUSESALES<$350,000 <$500,000 $500,000+
53
80
58
86
67
91
4
21
26
MAR 09
DEC 09
MAR 10
GLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+
248
190
195
249
255
263
32
97
60
MAR 09
DEC 09
MAR 10
TOWNSVILLE HOUSE SALES<$350,000 <$500,000 $500,000+
87
86
74
164
167
211
34
66
56
MAR 09
DEC 09
MAR 10
MACKAY HOUSE SALES<$350,000 <$500,000 $500,000+
225
159
202
88
96
89
25
32
36
MAR 09
DEC 09
MAR 10
ROCKHAMPTON HOUSE SALES<$350,000 <$500,000 $500,000+
463
352
334
116
116
116
20
47
39
MAR 09
DEC 09
MAR 10
TOOWOOMBA HOUSE SALES<$350,000 <$500,000 $500,000+
8 3
4
8
2
1
3
1
5
7
6
7
8 3
4
8
2
1
2
2
1
3
1
5
7
6
7
8 3
4
8
2
1
BRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
57575757
310 774 300 36MAR 10 53 35 1MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10 12 41 8MAR 10 12 41MAR 10 12 41MAR 10 12 41MAR 10
7676767651 2515151521 944 336SEP 09 30 22 4DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09
71717171514 660 169 19MAR 09 8 15 3MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09
BRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
118 289 123 68DEC 09 13 22 5MAR 10 16 41 7MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10
119 242 140 60SEP 09 17 34 1DEC 09 21 27 6DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09
163 277 69 21MAR 09 22 31 3MAR 09 18 29 7MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALESGOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
125 510 509 103347MAR 10 19 28 1MAR 10 29 107 18MAR 10125 510 509 103347MAR 10 19 28MAR 10 29 107 18MAR 10
112 476 427 89313DEC 09 DEC 09 23 76 19DEC 09112 476 427 89313DEC 09 DEC 09 23 76 19DEC 0915 21 215 21
172 566 404 68244MAR 09 45 84 17MAR 09172 566 404 68244MAR 09 45 84 17MAR 0933 20 2MAR 09 33 20MAR 09
SUNSHINE COAST UNIT SALES CAIRNS UNIT SALESGLADSTONE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
50 186 169 30118MAR 10 149 112 19MAR 1010 27 3MAR 10
55 169 157 26124DEC 09 132 126 42DEC 095 14 6DEC 09
66 197 151 1573MAR 09 45 84 17MAR 098 10 1MAR 09
71
76
57
514
521
310
660
944
774
169
336
300
19
51
36
MAR 09
SEP 09
MAR 10
BRISBANE CITY UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
163
119
118
277
242
289
69
140
123
21
60
68
MAR 09
SEP 09
DEC 09
BRISBANE SURROUNDS' UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
172
112
125
566
476
510
404
427
509
68
89
103
244
313
347
MAR 09
DEC 09
MAR 10
GOLD COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
66
55
50
197
169
186
151
157
169
15
26
30
73
124
118
MAR 09
DEC 09
MAR 10
SUNSHINE COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
33
15
19
20
21
28
2
2
1
MAR 09
DEC 09
MAR 10
BUNDABERG UNIT SALES<$250,000 <$500,000 $500,000+
45
132
149
84
126
112
17
42
19
MAR 09
DEC 09
MAR 10
CAIRNS UNIT SALES<$250,000 <$500,000 $500,000+
22
17
13
31
34
22
3
1
5
MAR 09
DEC 09
MAR 10
FRASER COAST UNIT SALES<$250,000 <$500,000 $500,000+
8
5
10
10
14
27
1
6
3
MAR 09
DEC 09
MAR 10
GLADSTONE UNIT SALES<$250,000 <$500,000 $500,000+
45
23
29
84
76
107
17
19
18
MAR 09
DEC 09
MAR 10
TOWNSVILLE UNIT SALES<$250,000 <$500,000 $500,000+
18
21
16
29
27
41
7
6
7
MAR 09
DEC 09
MAR 10
MACKAY UNIT SALES<$250,000 <$500,000 $500,000+
8
30
12
15
22
41
3
4
8
MAR 09
DEC 09
MAR 10
ROCKHAMPTON UNIT SALES<$250,000 <$500,000 $500,000+
70
44
53
36
26
35
2
1
MAR 09
DEC 09
MAR 10
TOOWOOMBA UNIT SALES<$250,000 <$500,000 $500,000+
4164 Thornlands 380 18 380 11
4165 MtCotton/RedlandBay/VictoriaPoint/etc. 360 61 350 65
4184 CoochiemudloIs/MacleayIs/RussellIs/etc. 220 41 225 66
IPSWICH CITY COUNCIL AREA 235 143 230 142
4300 Brookwater/Camira/SpringfieldLakes/etc. 230 17 220 30
4301 CollingwoodPark/Redbank/RedbankPlains 250 37 250 23
4304 Blackstone/Bundamba/Silkstone/etc. 235 30 210 13
4305 Brassall/Leichhardt/Raceview/Yamanto/etc. 225 58 230 73
LOGAN CITY COUNCIL AREA 240 224 240 259
4114 Kingston/LoganCentral/Woodridge 240 82 230 90
4123 Rochedale/RochedaleSouth 280 7 260 16
4127 DaisyHill/SlacksCreek/Springwood/etc. 275 24 280 42
4128 ShailerPark/TanahMerah 280 11 250 7
4132 Crestmead/Marsden 250 5 270 5
4133 ChambersFlat/LoganReserve/Waterford/etc. 245 9 240 10
4207 Beenleigh/Eagleby/MtWarrenPark/etc. 240 72 240 70
4280 Jimboomba/NorthMaclean/SouthMaclean/etc. 240 6 n.a. 0
MORETON BAY REGIONAL COUNCIL AREA 260 387 250 369
Caboolture Region 260 144 240 150
4505 Burpengary 250 8 230 10
4507 BanksiaBeach/Bellara/Bongaree/Woorim/etc. 250 44 240 56
4508 DeceptionBay 285 22 235 12
4510 Beachmere/Caboolture/UpperCaboolture/etc. 255 61 240 63
Pine Rivers Region 270 107 259 61
4500 BrayPark/Cashmere/Strathpine/Warner/etc. 270 39 260 25
4501 Lawnton 230 9 245 14
4502 Petrie 200 8 n.a. 0
4503 Dakabin/Griffin/Kallangur/MurrumbaDowns/etc. 275 42 240 14
4509 MangoHill/NorthLakes 270 6 n.a. 0
Redcliffe Region 255 136 260 158
4019 Clontarf/Margate/WoodyPoint 245 55 240 62
4020 Redcliffe/Scarborough 270 78 270 85
REDLAND CITY COUNCIL AREA 310 87 300 83
4157 Capalaba/CapalabaWest/Sheldon 285 15 290 20
4158 Thorneside 290 8 280 11
4159 Birkdale 300 5 n.a. 2
4160 Ormiston/WellingtonPoint 260 6 300 8
4163 Cleveland 375 42 340 31
4165 MtCotton/RedlandBay/VictoriaPoint/etc. 290 5 n.a. 1
Median house and unit prices The Gold Coast’s residential property market has experienced a flat March quarter with nil median price growth for both houses and units.
The Gold Coast median house price remains at $510,000 and the unit and townhouse median is steady at $380,000.
The region has been impacted by the interest rate increases over the past nine months and a general feeling of uncertainty about where the economy is heading. Agents report that once the worries of the global financial crisis, including issues surrounding Europe’s debt position, are behind us then confidence and thus the market will improve.
There was a small spike of activity in April however, the May interest rate rise put paid to any real improvement in the
market. There needs to be a prolonged period of unchanged interest rates for conditions to vastly improve.
First home buyers are still active in the market but nowhere near the numbers of late 2008 and throughout 2009. Demand from this segment of the market is behind the solid results of Highland Park and Oxenford over the quarter and over the year. Highland Park experienced a 7.1 per cent price increase to $420,000 over the quarter and is up 6.3 per cent over the year ending March. Oxenford’s median house price increased 13 per cent over the quarter to $497,000 and 5.9 per cent over the year.
The enormous amount of infrastructure currently taking place around the Robina region has helped Varsity Lakes to achieve a median house price increase of 4.5 per cent to $512,000 over the quarter, and a 5.5 per cent rise over the year.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 6 - March Quarter 2010 page 14
MARKETMONITORQ
UE
EN
SLA
ND
GOLD COAST CITY
HOUSES HOUSES continued
Suburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
1
2
6
2
1
6
5
1
1
7
3
8
1
2
2 9
1
3
1
2
6
2
1
6
5
1
1
4
7
5
1
BUNDABERG LAND SALES
7
3
8
1
2
2
4
5
1
9
1
3
1
2
6
2
1
6
5
1
1
BRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
30 70 61 14MAR 10 84 5 1MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 10 72 6 1MAR 10 72MAR 10 72MAR 10 72MAR 10
98 172 55 19SEP 09 64 2 2DEC 0994 6 1DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 09
60 80 28 10MAR 09 87 1MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 09
BRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
118 289 123 68DEC 09 68 8 2MAR 10 94 9MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10
119 242 140 60SEP 09 49 3 2DEC 09 104 12 3DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09
163 277 69 21MAR 09 76 7 1MAR 09 70 10 1MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST LAND SALES BUNDABERG LAND SALES TOWNSVILLE LAND SALESGOLD COAST LAND SALES TOWNSVILLE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
125 510 509 347MAR 10 66 5MAR 10 79 16 1MAR 10125 510 509 347MAR 10 66MAR 10 79 16MAR 10
112 476 427 313DEC 09 DEC 09 94 21 5DEC 09112 476 427 313DEC 09 DEC 09 94 21DEC 0956 7 156
172 566 404 244MAR 09 86 4MAR 09172 566 404 244MAR 09 86MAR 0945 4MAR 09 45MAR 09
SUNSHINE COAST LAND SALES CAIRNS LAND SALESGLADSTONE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
50 186 169 118MAR 10 71 17 2MAR 1040 7 1MAR 10
55 169 157 124DEC 09 90 18 6DEC 0963 2 1DEC 09
66 197 151 73MAR 09 73 3 2MAR 0921 2MAR 09
60
98
30
80
172
70
28
55
61
10
19
14
MAR 09
SEP 09
MAR 10
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
163
119
118
277
242
289
69
140
123
21
60
68
MAR 09
SEP 09
DEC 09
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
172
112
125
566
476
510
404
427
509
244
313
347
MAR 09
DEC 09
MAR 10
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
66
55
50
197
169
186
151
157
169
73
124
118
MAR 09
DEC 09
MAR 10
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
45
56
66
4
7
5
1
MAR 09
DEC 09
MAR 10
BUNDABERG LAND SALES<$250,000 <$500,000 $500,000+
73
90
71
3
18
17
2
6
2
MAR 09
DEC 09
MAR 10
CAIRNS LAND SALES<$250,000 <$500,000 $500,000+
76
49
68
7
3
8
1
2
2
MAR 09
DEC 09
MAR 10
FRASER COAST LAND SALES<$250,000 <$500,000 $500,000+
21
63
40
2
2
7
1
1
MAR 09
DEC 09
MAR 10
GLADSTONE LAND SALES<$250,000 <$500,000 $500,000+
86
94
79
4
21
16
5
1
MAR 09
DEC 09
MAR 10
TOWNSVILLE LAND SALES<$250,000 <$500,000 $500,000+
70
104
94
10
12
9
1
3
MAR 09
DEC 09
MAR 10
MACKAY LAND SALES<$250,000 <$500,000 $500,000+
87
64
72
1
2
6
2
1
MAR 09
DEC 09
MAR 10
ROCKHAMPTON LAND SALES<$250,000 <$500,000 $500,000+
84
94
84
6
5
1
1
MAR 09
DEC 09
MAR 10
TOOWOOMBA LAND SALES<$250,000 <$500,000 $500,000+
Demand for the Gold Coast’s unit and townhouse market is stable with buyers looking for the right property at the right price. Agents have reported high body corporate charges are proving a deterrent to an increasing number of buyers. Restricted access to finance for developers is also having an impact with fewer new developments on the drawing board.
Median land pricesPreliminary sales of vacant urban land fell dramatically on the Gold Coast during the March quarter, down about 25 per cent on the previous quarter.
There remains an extreme undersupply of vacant land due to the fact that there is very limited land left for residential development. The median price of vacant land fell 0.4 per cent over the quarter to $242,000 and was down 2.8 per cent over the year.
Rental marketThe median rent for a two-bedroom unit was static at $350 per week between March 2010 and March last year. The median rent for a three-bedroom house increased slightly, up $5 per week to $395 over the year.
GOLD COAST CITY (LGA) 1,155 $510,000 0.0% $495,000 5.3% 25.3%
GOLD COAST CITY (LGA) ^ 117 $700,000 1.3% $685,000 0.7% 23.4%
ARUNDEL~ 32 $496,250 -12.2% $469,500 -1.5% 20.4%
ASHMORE 38 $488,500 -1.3% $482,500 4.4% 32.2%
BENOWA+* 30 $722,500 1.0% $720,000 3.6% 14.0%
BIGGERAWATERS~f 10 $567,500 2.9% $552,500 16.9% 33.6%
BONOGIN^~ 13 $630,000 -18.4% $650,000 4.8% 19.3%
BROADBEACHWATERS~f 34 $871,250 20.0% $850,000 6.3% 32.8%
BUNDALL~f 20 $905,000 10.6% $857,500 -1.2% 19.9%
BURLEIGHHEADS~ 17 $610,250 13.2% $575,000 13.6% 12.2%
BURLEIGHWATERS 43 $590,000 5.8% $562,500 3.8% 29.6%
CARRARA~f 28 $435,000 -8.4% $445,000 3.5% 27.1%
CLEARISLANDWATERS~f 9 $642,000 -38.1% $879,500 2.6% 25.6%
COOMBABAH 29 $480,000 12.9% $430,000 8.0% 34.8%
COOMERA+*f 25 $567,000 -0.5% $581,000 -1.7% 9.6%
CURRUMBIN 1 N/A N/A $585,500 N/A N/A
CURRUMBINVALLEY^ 3 N/A N/A $762,500 N/A 12.5%
CURRUMBINWATERS 19 $510,000 -2.9% $495,000 5.3% 25.3%
ELANORA 42 $537,500 4.0% $506,000 4.3% 26.5%
HELENSVALE^ 5 $790,000 N/A $795,000 N/A N/A
HELENSVALE+*f 45 $480,000 -9.6% $510,000 13.3% 33.5%
HIGHLANDPARK 13 $420,000 7.1% $417,250 6.3% 30.4%
HOLLYWELL~f 14 $685,000 28.0% $555,000 11.0% 17.5%
HOPEISLAND+*f 28 $1,345,000 32.8% $1,100,000 -8.3% 7.8%
JACOBSWELL 2 N/A N/A $415,000 N/A 30.7%
LABRADOR 17 $460,000 9.3% $430,000 4.9% 22.9%
LOWERBEECHMONT 2 N/A N/A $351,000 N/A N/A
MAUDSLAND~ 8 $398,000 -8.1% $433,000 1.9% 25.3%
MERMAIDBEACHf 11 $1,235,000 N/A $1,187,500 8.0% 13.9%
MERMAIDWATERS 32 $755,000 12.7% $650,000 2.5% 31.1%
MERRIMAC 14 $412,000 -3.7% $414,500 1.4% 29.5%
MIAMI 10 $586,250 7.6% $540,500 8.1% 31.7%
MOLENDINAR 18 $492,500 -0.5% $507,500 8.0% 28.5%
MUDGEERABA 31 $499,000 2.5% $475,000 9.8% 35.7%
MUDGEERABA^ 4 N/A N/A $652,500 3.7% 16.5%
NERANG 41 $394,000 2.6% $383,000 3.0% 30.3%
NERANG^ 6 $787,500 N/A $750,000 N/A 29.9%
ORMEAU 41 $447,500 2.9% $439,950 3.2% 24.6%
ORMEAU^ 4 N/A N/A $680,000 8.8% 26.2%
ORMEAUHILLS 7 $510,000 1.3% $503,000 N/A N/A
OXENFORD 38 $497,000 13.0% $451,250 5.9% 34.9%
PACIFICPINES 63 $465,150 1.7% $462,250 2.7% 29.0%
PALMBEACH 37 $550,000 3.3% $535,000 0.9% 21.6%
PARADISEPOINT¹f 22 $660,250 5.6% $590,000 2.6% -7.8%
PARKWOOD 18 $497,000 1.4% $477,000 8.3% 24.5%
PIMPAMA 4 N/A N/A $395,000 N/A N/A
PIMPAMA^~ 4 N/A N/A $629,500 -0.5% 30.5%
REEDYCREEK 12 $695,000 6.8% $636,000 6.9% 48.6%
ROBINA 61 $545,000 0.9% $540,000 3.6% 22.7%
RUNAWAYBAY~f 16 $744,250 15.8% $738,750 -9.1% 1.5%
SOUTHPORT 39 $460,000 -1.0% $460,000 2.2% 29.6%
SOVEREIGNISLANDf 5 N/A N/A $2,385,000 8.4% 28.9%
SURFERSPARADISE~f 14 $1,280,000 91.8% $1,250,000 -16.0% 2.0%
TALLAI^~ 9 $900,000 31.4% $812,500 20.4% 19.5%
TALLEBUDGERA^~ 5 $669,000 -1.6% $689,500 -6.2% 28.9%
TALLEBUDGERAVALLEY^ 7 $665,000 -5.5% $705,000 N/A 17.7%
TUGUN 17 $465,000 -0.7% $461,000 0.8% 27.2%
UPPERCOOMERA 78 $421,500 -3.7% $420,000 3.7% 35.5%
VARSITYLAKES 35 $512,000 4.5% $480,000 5.5% 20.0%
WORONGARY 8 $412,000 N/A $403,500 6.5% 31.4%
WORONGARY^~ 15 $745,000 5.7% $699,500 16.6% 45.0%
YATALA^ 7 $720,000 N/A $711,000 N/A N/A
According to REIQ property managers, the Gold Coast rental market is currently experiencing a softening in demand, seeing vacancy rates as at the end of March ease to 3.9 per cent - up from 3.2 per cent recorded at the end of September last year.
Many agents are reporting investor activity has also slowed in recent times. The result of a slower economy has impacted on local employment in the region’s building and health industries, which has also had an effect on the Gold Coast rental market.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 6 - March Quarter 2010 page 15
MARKETMONITORQ
UE
EN
SLA
ND
GOLD COAST CITY
UNITS & TOWNHOUSES VACANT URBAN LAND continued
Suburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
3 BEDROOM HOUSES
Suburbs/Localities
MarQtr2010NewBonds
MarQtr2009Rent($)
NewBonds
Rent($)Po
stcode
MEDIAN WEEKLY RENTS
2 BEDROOM FLATS/UNITS
VACANT URBAN LAND
GOLD COAST CITY (LGA) 1,594 $380,000 0.0% $375,000 7.1% 23.0%
ARUNDEL 15 $315,000 -1.6% $322,500 6.6% 43.3%
ASHMORE~ 20 $298,000 -7.6% $310,675 3.9% 35.1%
BENOWA-* 6 N/A N/A $465,000 31.7% 66.1%
BIGGERAWATERS 43 $420,000 6.3% $377,750 14.5% 48.1%
BILINGA*f 12 $429,000 N/A $480,000 -12.7% 8.2%
BROADBEACH 101 $489,000 11.1% $470,000 9.3% 9.8%
BROADBEACHWATERS 11 $440,000 -0.5% $420,000 9.8% 46.6%
BUNDALL~* 5 N/A N/A $350,000 0.6% 24.1%
BURLEIGHHEADS*f 57 $420,000 5.3% $410,000 -3.5% 20.6%
BURLEIGHWATERS* 25 $373,000 -0.5% $360,000 -6.0% 32.2%
CARRARA*f 37 $379,000 -13.4% $383,500 -1.7% 8.4%
CLEARISLANDWATERSf 6 N/A N/A $436,000 31.1% 26.4%
COOLANGATTA 44 $487,500 4.3% $465,000 5.0% 20.8%
COOMBABAH 27 $340,000 0.9% $330,000 6.8% 40.4%
COOMERA-*f 13 $292,500 -17.6% $335,900 17.9% 31.7%
CURRUMBIN~* 15 $485,000 32.9% $390,000 -22.0% 19.1%
CURRUMBINWATERSf~ 11 $335,000 -8.8% $335,000 1.5% 32.4%
ELANORA 14 $346,250 1.8% $335,000 9.4% 36.6%
EPHRAIMISLAND*f 7 $1,275,000 5.2% $1,150,000 N/A 9.1%
HELENSVALE- 12 $337,500 9.2% $325,000 4.8% 14.0%
HIGHLANDPARK 3 N/A N/A $282,500 1.6% 33.9%
HOLLYWELL*f 8 $853,000 -4.7% $870,000 31.8% N/A
HOPEISLAND-*f 28 $395,000 -8.1% $510,000 -7.3% 9.7%
LABRADOR 95 $330,000 4.8% $317,500 0.9% 24.5%
MAINBEACHf~ 36 $890,000 45.9% $632,500 0.0% 17.1%
MERMAIDBEACHf 37 $395,000 24.4% $370,000 2.5% 13.4%
MERMAIDWATERSf 24 $327,750 -7.4% $328,750 4.0% 37.6%
MERRIMAC 13 $360,000 9.9% $341,750 8.5% 48.6%
MIAMI 42 $370,000 -2.6% $385,000 9.2% 30.5%
MOLENDINAR~ 6 N/A N/A $336,000 -2.9% 21.6%
MUDGEERABA 19 $358,000 1.7% $349,000 4.6% 45.4%
NERANG 15 $300,000 3.2% $290,000 0.0% 28.9%
ORMEAU* 4 N/A N/A $352,000 -1.6% 52.4%
OXENFORD* 22 $280,000 -5.6% $290,000 3.8% 36.8%
PACIFICPINES 17 $390,000 9.1% $377,500 3.4% 52.2%
PALMBEACH 51 $355,000 -1.4% $360,000 3.2% 24.1%
PARADISEPOINT¹f~ 17 $425,000 16.6% $395,000 12.9% 29.7%
PIMPAMA 6 N/A N/A $349,000 N/A N/A
REEDYCREEK 7 $307,000 -2.5% $304,000 2.0% 38.2%
ROBINA* 48 $448,125 -6.5% $450,000 5.3% 35.1%
RUNAWAYBAYf~ 33 $535,000 39.8% $500,000 19.0% 19.0%
SOUTHPORT 146 $388,500 4.7% $375,000 4.2% 25.4%
SURFERSPARADISEf 226 $352,500 0.7% $350,000 -5.4% 2.9%
TUGUN 21 $395,000 9.7% $425,500 6.9% 31.7%
UPPERCOOMERA 20 $309,000 6.0% $320,750 1.8% 12.5%
VARSITYLAKES 61 $388,500 -0.4% $389,000 2.8% 14.4%
GOLD COAST CITY (LGA) f 149 $242,000 -0.4% $239,000 -2.8% 22.6%
GOLD COAST CITY (LGA) ^ ~ 22 $455,000 36.8% $373,000 -20.6% 9.7%
COOMERA+*f 22 $259,500 1.4% $250,500 0.2% 13.9%
GILSTON* 2 N/A N/A $220,900 -5.4% N/A
HELENSVALE+*f 5 $525,000 6.1% $495,000 0.0% 10.9%
HOPEISLAND+*f 26 $281,000 -14.8% $425,000 -18.1% -31.5%
MAUDSLAND 5 $242,000 N/A $240,280 N/A 32.8%
MAUDSLAND^ 4 N/A N/A $360,000 N/A N/A
MUDGEERABA 2 N/A N/A $290,000 N/A 26.1%
ORMEAU* 7 $239,000 -4.4% $226,000 -1.7% 32.9%
OXENFORD 5 $257,500 9.6% $230,000 N/A 1.8%
PACIFICPINES* 29 $231,500 -3.9% $235,510 -1.6% 25.3%
PIMPAMA* 14 $207,950 -2.1% $219,500 N/A 4.5%
REEDYCREEK* 11 $332,000 -2.4% $322,500 -0.8% 25.7%
SOVEREIGNISLAND*f 8 $1,032,500 N/A $1,085,000 N/A 20.6%
UPPERCOOMERA* 33 $237,000 1.7% $228,000 -5.1% 23.2%
WILLOWVALE^ 5 $483,000 N/A N/A N/A N/A
GOLD COAST CITY COUNCIL AREA 395 1,055 390 1,227
4208 JacobsWell/Ormeau/OrmeauHills/etc. 360 28 340 31
4209 Coomera/Pimpama/UpperCoomera/WillowVale 360 78 360 123
4210 Guanaba/Maudsland/Oxenford/Wongawallan 380 27 370 23
4211 Carrara/HighlandPark/Nerang/PacificPines/etc. 375 125 370 137
4212 Helensvale/HopeIsland 400 54 390 70
4213 Bonogin/Mudgeeraba/Tallai/Worongary/etc. 400 79 390 51
4214 Arundel/Ashmore/Molendinar/Parkwood 395 88 400 105
4215 Labrador/Southport 380 113 380 143
4216 BiggeraWaters/ParadisePt/RunawayBay/etc. 380 71 380 80
4217 Benowa/MainBeach/SurfersParadise/etc. 470 48 475 57
4218 Broadbeach/MermaidBeach/MermaidWates/etc. 470 68 460 74
4220 BurleighHeads/BurleighWaters/Miami 420 59 430 63
4221 Elanora/PalmBeach 415 53 400 58
4223 Currumbin/CurrumbinValley/CurrumbinWaters 390 39 390 29
4224 Tugun 400 9 400 19
4225 Bilinga/Coolangatta 365 6 360 12
4226 ClearIslandWaters/Merrimac/Robina 410 62 400 93
4227 ReedyCreek/VarsityLakes 420 46 400 58
GOLD COAST CITY COUNCIL AREA 350 2,634 350 2,660
4209 Coomera/Pimpama/UpperCoomera/WillowVale 210 11 290 5
4210 Guanaba/Maudsland/Oxenford/Wongawallan 285 10 270 9
4211 Carrara/HighlandPark/Nerang/PacificPines/etc. 290 39 280 32
4212 Helensvale/HopeIsland 370 58 350 64
4214 Arundel/Ashmore/Molendinar/Parkwood 320 12 285 11
4215 Labrador/Southport 340 598 340 587
4216 BiggeraWaters/ParadisePt/RunawayBay/etc. 320 197 325 193
4217 Benowa/MainBeach/SurfersParadise/etc. 390 559 390 580
4218 Broadbeach/MermaidBeach/MermaidWates/etc. 340 374 350 451
4220 BurleighHeads/BurleighWaters/Miami 350 228 350 203
4221 Elanora/PalmBeach 295 150 290 133
4223 Currumbin/CurrumbinValley/CurrumbinWaters 350 39 350 47
4224 Tugun 310 46 315 33
4225 Bilinga/Coolangatta 300 131 310 155
4226 ClearIslandWaters/Merrimac/Robina 390 90 380 74
4227 ReedyCreek/VarsityLakes 420 85 410 79
Please see page 36 for legend and further notes
www.reiq.com.auIssue 6 - March Quarter 2010 page 16
MARKETMONITORQ
UE
EN
SLA
ND
GOLD COAST CITY
Suburbs/Localities
MarQtr2010NewBonds
MarQtr2009Rent($)
NewBonds
Rent($)Po
stcode Suburbs/
LocalitiesMarQtr2010
NewBonds
MarQtr2009Rent($)
NewBonds
Rent($)Po
stcode
MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS
3 BEDROOM TOWNHOUSES continued3 BEDROOM TOWNHOUSES
TOOWOOMBA REGIONAL
99
3
BRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+
147 157 334147 157 334147 157 334147 157 334 2022022022021045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 10
136 352136 352136 352136 352 159159159159254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09
44444444 225463 225463 225463 225463
251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09
BRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALES
<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+
18 7418 7418 74993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10
20 8620 8620 86935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09
9 8787871534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 09
INCLUDESINCLUDESINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALESGOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+
18 7518 75
531 531MAR 10 MAR 10 195 263 60MAR 10531 531MAR 10 MAR 10 195 263 60MAR 10210 71 16210 71 16
33 5233 52
483 511DEC 09 190 255 97DEC 09483 511DEC 09 190 255 97DEC 09180 61 13DEC 09 180 61 13DEC 09
48 4448 44MAR 09 248 249 32MAR 09MAR 09 248 249 32MAR 09681 344 256 51 3MAR 09681 344 256 51MAR 09
SUNSHINE COAST HOUSE SALES CAIRNS HOUSE SALESGLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+
59 51
469 351MAR 10 144 190 52MAR 1058 91 26MAR 10
44 36
409 298DEC 09 164 184 66DEC 0980 67 21DEC 09
111 29
457 240MAR 09 202 187 45MAR 0953 86 4MAR 09
251
254
147
1273
1358
1045
927
1409
1557
44
136
157
MAR 09
SEP 09
MAR 10
BRISBANE CITY HOUSE SALES<$350,000 <$500,000 <$1m $1m+
1534
935
993
1511
1278
1373
344
490
541
9
20
18
MAR 09
DEC 09
MAR 10
BRISBANE SURROUNDS' HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
48
33
18
681
483
531
344
511
531
44
52
75
MAR 09
DEC 09
MAR 10
GOLD COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
111
44
59
457
409
469
240
298
351
29
36
51
MAR 09
DEC 09
MAR 10
SUNSHINE COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
256
180
210
51
61
71
3
13
16
MAR 09
DEC 09
MAR 10
BUNDABERG HOUSE SALES<$350,000 <$500,000 $500,000+
202
164
144
187
184
190
45
66
52
MAR 09
DEC 09
MAR 10
CAIRNS HOUSE SALES<$350,000 <$500,000 $500,000+
251
198
221
59
92
93
10
20
14
MAR 09
DEC 09
MAR 10
FRASER COAST HOUSESALES<$350,000 <$500,000 $500,000+
53
80
58
86
67
91
4
21
26
MAR 09
DEC 09
MAR 10
GLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+
248
190
195
249
255
263
32
97
60
MAR 09
DEC 09
MAR 10
TOWNSVILLE HOUSE SALES<$350,000 <$500,000 $500,000+
87
86
74
164
167
211
34
66
56
MAR 09
DEC 09
MAR 10
MACKAY HOUSE SALES<$350,000 <$500,000 $500,000+
225
159
202
88
96
89
25
32
36
MAR 09
DEC 09
MAR 10
ROCKHAMPTON HOUSE SALES<$350,000 <$500,000 $500,000+
463
352
334
116
116
116
20
47
39
MAR 09
DEC 09
MAR 10
TOOWOOMBA HOUSE SALES<$350,000 <$500,000 $500,000+
8 3
4
8
2
1
3
1
5
7
6
7
8 3
4
8
2
1
2
2
1
3
1
5
7
6
7
8 3
4
8
2
1
BRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
57575757
310 774 300 36MAR 10 53 35 1MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10 12 41 8MAR 10 12 41MAR 10 12 41MAR 10 12 41MAR 10
7676767651 2515151521 944 336SEP 09 30 22 4DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09
71717171514 660 169 19MAR 09 8 15 3MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09
BRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
118 289 123 68DEC 09 13 22 5MAR 10 16 41 7MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10
119 242 140 60SEP 09 17 34 1DEC 09 21 27 6DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09
163 277 69 21MAR 09 22 31 3MAR 09 18 29 7MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALESGOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
125 510 509 103347MAR 10 19 28 1MAR 10 29 107 18MAR 10125 510 509 103347MAR 10 19 28MAR 10 29 107 18MAR 10
112 476 427 89313DEC 09 DEC 09 23 76 19DEC 09112 476 427 89313DEC 09 DEC 09 23 76 19DEC 0915 21 215 21
172 566 404 68244MAR 09 45 84 17MAR 09172 566 404 68244MAR 09 45 84 17MAR 0933 20 2MAR 09 33 20MAR 09
SUNSHINE COAST UNIT SALES CAIRNS UNIT SALESGLADSTONE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
50 186 169 30118MAR 10 149 112 19MAR 1010 27 3MAR 10
55 169 157 26124DEC 09 132 126 42DEC 095 14 6DEC 09
66 197 151 1573MAR 09 45 84 17MAR 098 10 1MAR 09
71
76
57
514
521
310
660
944
774
169
336
300
19
51
36
MAR 09
SEP 09
MAR 10
BRISBANE CITY UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
163
119
118
277
242
289
69
140
123
21
60
68
MAR 09
SEP 09
DEC 09
BRISBANE SURROUNDS' UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
172
112
125
566
476
510
404
427
509
68
89
103
244
313
347
MAR 09
DEC 09
MAR 10
GOLD COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
66
55
50
197
169
186
151
157
169
15
26
30
73
124
118
MAR 09
DEC 09
MAR 10
SUNSHINE COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
33
15
19
20
21
28
2
2
1
MAR 09
DEC 09
MAR 10
BUNDABERG UNIT SALES<$250,000 <$500,000 $500,000+
45
132
149
84
126
112
17
42
19
MAR 09
DEC 09
MAR 10
CAIRNS UNIT SALES<$250,000 <$500,000 $500,000+
22
17
13
31
34
22
3
1
5
MAR 09
DEC 09
MAR 10
FRASER COAST UNIT SALES<$250,000 <$500,000 $500,000+
8
5
10
10
14
27
1
6
3
MAR 09
DEC 09
MAR 10
GLADSTONE UNIT SALES<$250,000 <$500,000 $500,000+
45
23
29
84
76
107
17
19
18
MAR 09
DEC 09
MAR 10
TOWNSVILLE UNIT SALES<$250,000 <$500,000 $500,000+
18
21
16
29
27
41
7
6
7
MAR 09
DEC 09
MAR 10
MACKAY UNIT SALES<$250,000 <$500,000 $500,000+
8
30
12
15
22
41
3
4
8
MAR 09
DEC 09
MAR 10
ROCKHAMPTON UNIT SALES<$250,000 <$500,000 $500,000+
70
44
53
36
26
35
2
1
MAR 09
DEC 09
MAR 10
TOOWOOMBA UNIT SALES<$250,000 <$500,000 $500,000+
1
2
6
2
1
6
5
1
1
7
3
8
1
2
2 9
1
3
1
2
6
2
1
6
5
1
1
4
7
5
1
BUNDABERG LAND SALES
7
3
8
1
2
2
4
5
1
9
1
3
1
2
6
2
1
6
5
1
1
BRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
30 70 61 14MAR 10 84 5 1MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 10 72 6 1MAR 10 72MAR 10 72MAR 10 72MAR 10
98 172 55 19SEP 09 64 2 2DEC 0994 6 1DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 09
60 80 28 10MAR 09 87 1MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 09
BRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
118 289 123 68DEC 09 68 8 2MAR 10 94 9MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10
119 242 140 60SEP 09 49 3 2DEC 09 104 12 3DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09
163 277 69 21MAR 09 76 7 1MAR 09 70 10 1MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST LAND SALES BUNDABERG LAND SALES TOWNSVILLE LAND SALESGOLD COAST LAND SALES TOWNSVILLE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
125 510 509 347MAR 10 66 5MAR 10 79 16 1MAR 10125 510 509 347MAR 10 66MAR 10 79 16MAR 10
112 476 427 313DEC 09 DEC 09 94 21 5DEC 09112 476 427 313DEC 09 DEC 09 94 21DEC 0956 7 156
172 566 404 244MAR 09 86 4MAR 09172 566 404 244MAR 09 86MAR 0945 4MAR 09 45MAR 09
SUNSHINE COAST LAND SALES CAIRNS LAND SALESGLADSTONE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
50 186 169 118MAR 10 71 17 2MAR 1040 7 1MAR 10
55 169 157 124DEC 09 90 18 6DEC 0963 2 1DEC 09
66 197 151 73MAR 09 73 3 2MAR 0921 2MAR 09
60
98
30
80
172
70
28
55
61
10
19
14
MAR 09
SEP 09
MAR 10
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
163
119
118
277
242
289
69
140
123
21
60
68
MAR 09
SEP 09
DEC 09
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
172
112
125
566
476
510
404
427
509
244
313
347
MAR 09
DEC 09
MAR 10
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
66
55
50
197
169
186
151
157
169
73
124
118
MAR 09
DEC 09
MAR 10
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
45
56
66
4
7
5
1
MAR 09
DEC 09
MAR 10
BUNDABERG LAND SALES<$250,000 <$500,000 $500,000+
73
90
71
3
18
17
2
6
2
MAR 09
DEC 09
MAR 10
CAIRNS LAND SALES<$250,000 <$500,000 $500,000+
76
49
68
7
3
8
1
2
2
MAR 09
DEC 09
MAR 10
FRASER COAST LAND SALES<$250,000 <$500,000 $500,000+
21
63
40
2
2
7
1
1
MAR 09
DEC 09
MAR 10
GLADSTONE LAND SALES<$250,000 <$500,000 $500,000+
86
94
79
4
21
16
5
1
MAR 09
DEC 09
MAR 10
TOWNSVILLE LAND SALES<$250,000 <$500,000 $500,000+
70
104
94
10
12
9
1
3
MAR 09
DEC 09
MAR 10
MACKAY LAND SALES<$250,000 <$500,000 $500,000+
87
64
72
1
2
6
2
1
MAR 09
DEC 09
MAR 10
ROCKHAMPTON LAND SALES<$250,000 <$500,000 $500,000+
84
94
84
6
5
1
1
MAR 09
DEC 09
MAR 10
TOOWOOMBA LAND SALES<$250,000 <$500,000 $500,000+
GOLD COAST CITY COUNCIL AREA 360 1,074 360 881
4209 Coomera/Pimpama/UpperCoomera/WillowVale 335 115 340 120
4210 Guanaba/Maudsland/Oxenford/Wongawallan 330 16 305 5
4211 Carrara/HighlandPark/Nerang/PacificPines/etc. 350 159 350 146
4212 Helensvale/HopeIsland 380 28 380 13
4214 Arundel/Ashmore/Molendinar/Parkwood 360 52 360 43
4215 Labrador/Southport 360 130 370 102
4216 BiggeraWaters/ParadisePt/RunawayBay/etc. 355 97 360 81
4217 Benowa/MainBeach/SurfersParadise/etc. 450 51 390 34
4218 Broadbeach/MermaidBeach/MermaidWates/etc. 410 15 390 23
4220 BurleighHeads/BurleighWaters/Miami 360 36 340 23
4221 Elanora/PalmBeach 360 27 360 24
4226 ClearIslandWaters/Merrimac/Robina 380 150 385 134
4227 ReedyCreek/VarsityLakes 380 86 380 72
Median house and unit prices The potential of the Surat Basin Energy Province is starting to shine through with the Toowoomba local government area posting the strongest results of any major regional centre over the year ending March 2010.
Toowoomba’s median house price increased a very healthy 9.8 per cent over the year to $289,000. The region remains the second most affordable in Queensland after Bundaberg. Over the March quarter Toowoomba’s median house price increased 1.7 per cent.
There has been an increase in investor activity since January and this is likely to continue with Toowoomba set to become the economic and service hub for the Surat Basin.
Confidence has returned to the region with its long-term water supply now secured through a $200 million pipeline and the heavy rains that flooded south-west Queensland in March filling up dams. Water restrictions have been lifted which augurs well for the city’s annual Carnival of Flowers in September.
The March rains have improved the economic outlook as farmers will finally have some money in their pockets in the months ahead.
Buyers are increasingly looking to Toowoomba’s western suburbs due to the affordability of property in these areas. Wilsonton, Harristown, Middle Ridge, Rockville, Harlaxton and Newtown are all suburbs likely to experience healthy capital growth in the times ahead due to their low prices and proximity to Toowoomba’s CBD.
Toowoomba’s unit and townhouse market remained relatively flat at $229,000 over the March quarter and posted a 4.1 per cent increase over the year.
While Toowoomba has not had a large stock of units in the past, it is likely that more units and townhouses will be developed over the long-term to provide more affordable housing options for its residents. This move to higher density living will possibly be the first element in Toowoomba’s transformation from inland regional centre to a thriving,
resource city.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 6 - March Quarter 2010 page 17
MARKETMONITORQ
UE
EN
SLA
ND
TOOWOOMBA REGIONAL
2 BEDROOM FLATS/UNITS
3 BEDROOM HOUSES
Suburbs/Localities
MarQtr2010NewBonds
MarQtr2009Rent($)
NewBonds
Rent($)Po
stcode
MEDIAN WEEKLY RENTS
HOUSES UNITS & TOWNHOUSES continued
Suburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
UNITS & TOWNHOUSES
VACANT URBAN LAND
Median land prices Toowoomba’s median vacant urban land price posted a slight 2.3 per cent decrease to $130,000 over the March period. At the other end of the scale, the median price over the year was up 31. 8 per cent – a fluctuation due to the quality of land sold during the period.
The price of vacant urban land in the region is set to continue to rise due to increasing infrastructure requirements on developers.
The new State Government regional $4,000 bonus for buyers to build their first home will provide some help to first-timers in the region. However, as the average cost of a new home is about $300,000, this type of home remains out of financial reach for most first-timers.
Rental market The median rent for a two-bedroom unit increased $10 per week to $200 in the March quarter. The median rent for a three-bedroom house was also up $15 per week to $265. These results were contrary to many other areas of the State which have experienced very little rent growth over the past year.
Agents are reporting increasing demand for rental properties which is having a tightening effect on vacancy rates in the region.
TOOWOOMBA (LGA) 489 $300,000 1.7% $289,000 9.8% 34.4%
TOOWOOMBA (LGA) ^ 63 $420,000 4.0% $421,250 10.9% 40.4%
CENTENARYHEIGHTS~ 25 $280,000 -10.3% $294,000 9.3% 27.8%
CLIFTON 4 N/A N/A $195,000 N/A 48.9%
CROWSNEST 4 N/A N/A $232,500 10.7% 36.8%
DARLINGHEIGHTS 21 $320,000 4.2% $295,000 7.3% 22.9%
DRAYTON 8 $315,000 N/A $312,750 N/A 40.2%
EASTTOOWOOMBA 16 $377,250 0.6% $366,000 2.8% 39.4%
GLENVALE 21 $345,000 4.9% $326,000 15.1% 37.6%
GLENVALE^ 5 $480,000 N/A $472,500 N/A 36.0%
HARLAXTON~ 10 $235,000 -21.1% $230,625 -0.8% 35.7%
HARRISTOWN 31 $265,000 3.9% $256,500 9.1% 33.6%
HIGHFIELDS 18 $443,500 5.6% $427,000 5.4% 16.0%
HIGHFIELDS^ 23 $430,000 -3.4% $440,000 17.0% 36.4%
KEARNEYSSPRING 29 $320,000 -1.5% $308,000 9.2% 22.0%
KINGSTHORPE 7 $275,000 0.5% $265,000 14.5% 55.9%
MERINGANDANWEST^ 4 N/A N/A $327,000 N/A 36.3%
MIDDLERIDGE~ 33 $462,000 -6.1% $440,000 10.3% 29.8%
MOUNTLOFTY~ 21 $365,000 -5.3% $337,000 -3.2% 31.1%
NEWTOWN 46 $266,000 0.4% $250,000 8.7% 38.9%
NORTHTOOWOOMBA 15 $230,000 0.4% $236,000 2.6% 34.1%
OAKEY~ 10 $266,500 12.1% $220,000 13.8% 59.4%
PITTSWORTH~ 7 $260,000 4.8% $278,000 17.1% 88.5%
RANGEVILLE~ 35 $380,000 -6.3% $370,000 13.8% 34.5%
ROCKVILLE 10 $259,500 6.8% $250,400 12.3% 40.7%
SOUTHTOOWOOMBA 17 $256,500 -5.0% $258,750 3.5% 38.4%
TOOWOOMBACITY 6 N/A N/A $255,000 -0.2% 30.8%
WESTBROOK 7 $382,500 N/A $375,000 2.7% 28.4%
WILSONTON 15 $295,500 9.4% $275,000 14.6% 34.1%
WILSONTONHEIGHTS 13 $255,000 9.0% $245,000 9.7% 36.5%
WYREEMA 7 $290,000 N/A $304,000 16.5% 60.0%
TOOWOOMBA (LGA) 89 $237,000 -0.2% $229,000 4.1% 43.1%
CENTENARYHEIGHTS 5 N/A N/A $257,500 N/A 3.0%
EASTTOOWOOMBA~ 13 $327,000 N/A $232,500 10.7% 52.5%
HARLAXTON 2 N/A N/A $155,000 -6.1% N/A
KEARNEYSSPRING 14 $270,250 1.2% $249,950 13.1% 38.9%
NEWTOWN* 17 $218,000 4.3% $216,000 5.4% 40.9%
SOUTHTOOWOOMBA 7 $242,500 N/A N/A N/A N/A
TOOWOOMBACITY~* 4 N/A N/A $203,750 -18.5% 42.5%
WILSONTON 3 N/A N/A $227,000 -5.4% 40.6%
TOOWOOMBA (LGA) * 90 $130,000 -2.3% $129,500 31.8% 43.9%
TOOWOOMBA (LGA) ^ 51 $165,000 0.0% $165,000 19.6% 49.3%
GLENVALE* 4 N/A N/A $127,000 27.0% 62.2%
GOWRIEJUNCTION^ 5 $135,000 N/A $135,000 N/A N/A
HARRISTOWN 6 $129,000 0.0% $129,000 N/A N/A
HIGHFIELDS* 18 $140,750 2.4% $136,500 7.1% 26.1%
HODGSONVALE^ 8 $166,250 N/A N/A N/A N/A
KLEINTON 4 N/A N/A $130,000 N/A N/A
MERINGANDANWEST* 8 $110,000 N/A $100,000 12.4% 53.8%
MIDDLERIDGE* 7 $225,000 9.8% $194,000 N/A 9.3%
PITTSWORTH 5 $110,000 N/A N/A N/A N/A
WESTBROOK 3 N/A N/A $108,000 10.8% 17.5%
WILSONTONHEIGHTS* 7 $130,000 0.0% $130,000 N/A N/A
TOOWOOMBA REGIONAL COUNCIL AREA 255 661 245 706
4350 Newtown/Rangeville/Harristown/Wilsonton/etc. 265 501 250 547
4352 Highfields/Meringandan/Preston/Withcott/etc. 280 29 270 34
4355 CrowsNest/Glenaven/JonesGully/etc. 200 13 180 6
4356 Pittsworth/Bongeen/Stoneleigh/etc. 220 27 195 36
4357 Millmerran/Bringalily/Stonehenge/etc. 200 8 190 10
4361 BackPlains/Clifton/SandyCamp/etc. 230 17 200 13
4401 Acland/Biddeston/Oakey/etc. 220 30 230 27
4614 Neumgna/UpperYarraman/Yarrman/etc. 190 13 200 5
TOOWOOMBA REGIONAL COUNCIL AREA 200 382 180 396
4350 Newtown/Rangeville/Harristown/Wilsonton/etc. 200 353 180 373
4356 Pittsworth/Bongeen/Stoneleigh/etc. 200 7 n.a. 4
4401 Acland/Biddeston/Oakey/etc. 170 14 170 11
www.reiq.com.auIssue 6 - March Quarter 2010 page 18
MARKETMONITORQ
UE
EN
SLA
ND
SUNSHINE COAST REGIONAL
99
3
BRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+
147 157 334147 157 334147 157 334147 157 334 2022022022021045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 10
136 352136 352136 352136 352 159159159159254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09
44444444 225463 225463 225463 225463
251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09
BRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALES
<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+
18 7418 7418 74993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10
20 8620 8620 86935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09
9 8787871534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 09
INCLUDESINCLUDESINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALESGOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+
18 7518 75
531 531MAR 10 MAR 10 195 263 60MAR 10531 531MAR 10 MAR 10 195 263 60MAR 10210 71 16210 71 16
33 5233 52
483 511DEC 09 190 255 97DEC 09483 511DEC 09 190 255 97DEC 09180 61 13DEC 09 180 61 13DEC 09
48 4448 44MAR 09 248 249 32MAR 09MAR 09 248 249 32MAR 09681 344 256 51 3MAR 09681 344 256 51MAR 09
SUNSHINE COAST HOUSE SALES CAIRNS HOUSE SALESGLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+
59 51
469 351MAR 10 144 190 52MAR 1058 91 26MAR 10
44 36
409 298DEC 09 164 184 66DEC 0980 67 21DEC 09
111 29
457 240MAR 09 202 187 45MAR 0953 86 4MAR 09
251
254
147
1273
1358
1045
927
1409
1557
44
136
157
MAR 09
SEP 09
MAR 10
BRISBANE CITY HOUSE SALES<$350,000 <$500,000 <$1m $1m+
1534
935
993
1511
1278
1373
344
490
541
9
20
18
MAR 09
DEC 09
MAR 10
BRISBANE SURROUNDS' HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
48
33
18
681
483
531
344
511
531
44
52
75
MAR 09
DEC 09
MAR 10
GOLD COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
111
44
59
457
409
469
240
298
351
29
36
51
MAR 09
DEC 09
MAR 10
SUNSHINE COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
256
180
210
51
61
71
3
13
16
MAR 09
DEC 09
MAR 10
BUNDABERG HOUSE SALES<$350,000 <$500,000 $500,000+
202
164
144
187
184
190
45
66
52
MAR 09
DEC 09
MAR 10
CAIRNS HOUSE SALES<$350,000 <$500,000 $500,000+
251
198
221
59
92
93
10
20
14
MAR 09
DEC 09
MAR 10
FRASER COAST HOUSESALES<$350,000 <$500,000 $500,000+
53
80
58
86
67
91
4
21
26
MAR 09
DEC 09
MAR 10
GLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+
248
190
195
249
255
263
32
97
60
MAR 09
DEC 09
MAR 10
TOWNSVILLE HOUSE SALES<$350,000 <$500,000 $500,000+
87
86
74
164
167
211
34
66
56
MAR 09
DEC 09
MAR 10
MACKAY HOUSE SALES<$350,000 <$500,000 $500,000+
225
159
202
88
96
89
25
32
36
MAR 09
DEC 09
MAR 10
ROCKHAMPTON HOUSE SALES<$350,000 <$500,000 $500,000+
463
352
334
116
116
116
20
47
39
MAR 09
DEC 09
MAR 10
TOOWOOMBA HOUSE SALES<$350,000 <$500,000 $500,000+
8 3
4
8
2
1
3
1
5
7
6
7
8 3
4
8
2
1
2
2
1
3
1
5
7
6
7
8 3
4
8
2
1
BRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
57575757
310 774 300 36MAR 10 53 35 1MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10 12 41 8MAR 10 12 41MAR 10 12 41MAR 10 12 41MAR 10
7676767651 2515151521 944 336SEP 09 30 22 4DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09
71717171514 660 169 19MAR 09 8 15 3MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09
BRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
118 289 123 68DEC 09 13 22 5MAR 10 16 41 7MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10
119 242 140 60SEP 09 17 34 1DEC 09 21 27 6DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09
163 277 69 21MAR 09 22 31 3MAR 09 18 29 7MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALESGOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
125 510 509 103347MAR 10 19 28 1MAR 10 29 107 18MAR 10125 510 509 103347MAR 10 19 28MAR 10 29 107 18MAR 10
112 476 427 89313DEC 09 DEC 09 23 76 19DEC 09112 476 427 89313DEC 09 DEC 09 23 76 19DEC 0915 21 215 21
172 566 404 68244MAR 09 45 84 17MAR 09172 566 404 68244MAR 09 45 84 17MAR 0933 20 2MAR 09 33 20MAR 09
SUNSHINE COAST UNIT SALES CAIRNS UNIT SALESGLADSTONE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
50 186 169 30118MAR 10 149 112 19MAR 1010 27 3MAR 10
55 169 157 26124DEC 09 132 126 42DEC 095 14 6DEC 09
66 197 151 1573MAR 09 45 84 17MAR 098 10 1MAR 09
71
76
57
514
521
310
660
944
774
169
336
300
19
51
36
MAR 09
SEP 09
MAR 10
BRISBANE CITY UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
163
119
118
277
242
289
69
140
123
21
60
68
MAR 09
SEP 09
DEC 09
BRISBANE SURROUNDS' UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
172
112
125
566
476
510
404
427
509
68
89
103
244
313
347
MAR 09
DEC 09
MAR 10
GOLD COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
66
55
50
197
169
186
151
157
169
15
26
30
73
124
118
MAR 09
DEC 09
MAR 10
SUNSHINE COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
33
15
19
20
21
28
2
2
1
MAR 09
DEC 09
MAR 10
BUNDABERG UNIT SALES<$250,000 <$500,000 $500,000+
45
132
149
84
126
112
17
42
19
MAR 09
DEC 09
MAR 10
CAIRNS UNIT SALES<$250,000 <$500,000 $500,000+
22
17
13
31
34
22
3
1
5
MAR 09
DEC 09
MAR 10
FRASER COAST UNIT SALES<$250,000 <$500,000 $500,000+
8
5
10
10
14
27
1
6
3
MAR 09
DEC 09
MAR 10
GLADSTONE UNIT SALES<$250,000 <$500,000 $500,000+
45
23
29
84
76
107
17
19
18
MAR 09
DEC 09
MAR 10
TOWNSVILLE UNIT SALES<$250,000 <$500,000 $500,000+
18
21
16
29
27
41
7
6
7
MAR 09
DEC 09
MAR 10
MACKAY UNIT SALES<$250,000 <$500,000 $500,000+
8
30
12
15
22
41
3
4
8
MAR 09
DEC 09
MAR 10
ROCKHAMPTON UNIT SALES<$250,000 <$500,000 $500,000+
70
44
53
36
26
35
2
1
MAR 09
DEC 09
MAR 10
TOOWOOMBA UNIT SALES<$250,000 <$500,000 $500,000+
1
2
6
2
1
6
5
1
1
7
3
8
1
2
2 9
1
3
1
2
6
2
1
6
5
1
1
4
7
5
1
BUNDABERG LAND SALES
7
3
8
1
2
2
4
5
1
9
1
3
1
2
6
2
1
6
5
1
1
BRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
30 70 61 14MAR 10 84 5 1MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 10 72 6 1MAR 10 72MAR 10 72MAR 10 72MAR 10
98 172 55 19SEP 09 64 2 2DEC 0994 6 1DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 09
60 80 28 10MAR 09 87 1MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 09
BRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
118 289 123 68DEC 09 68 8 2MAR 10 94 9MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10
119 242 140 60SEP 09 49 3 2DEC 09 104 12 3DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09
163 277 69 21MAR 09 76 7 1MAR 09 70 10 1MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST LAND SALES BUNDABERG LAND SALES TOWNSVILLE LAND SALESGOLD COAST LAND SALES TOWNSVILLE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
125 510 509 347MAR 10 66 5MAR 10 79 16 1MAR 10125 510 509 347MAR 10 66MAR 10 79 16MAR 10
112 476 427 313DEC 09 DEC 09 94 21 5DEC 09112 476 427 313DEC 09 DEC 09 94 21DEC 0956 7 156
172 566 404 244MAR 09 86 4MAR 09172 566 404 244MAR 09 86MAR 0945 4MAR 09 45MAR 09
SUNSHINE COAST LAND SALES CAIRNS LAND SALESGLADSTONE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
50 186 169 118MAR 10 71 17 2MAR 1040 7 1MAR 10
55 169 157 124DEC 09 90 18 6DEC 0963 2 1DEC 09
66 197 151 73MAR 09 73 3 2MAR 0921 2MAR 09
60
98
30
80
172
70
28
55
61
10
19
14
MAR 09
SEP 09
MAR 10
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
163
119
118
277
242
289
69
140
123
21
60
68
MAR 09
SEP 09
DEC 09
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
172
112
125
566
476
510
404
427
509
244
313
347
MAR 09
DEC 09
MAR 10
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
66
55
50
197
169
186
151
157
169
73
124
118
MAR 09
DEC 09
MAR 10
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
45
56
66
4
7
5
1
MAR 09
DEC 09
MAR 10
BUNDABERG LAND SALES<$250,000 <$500,000 $500,000+
73
90
71
3
18
17
2
6
2
MAR 09
DEC 09
MAR 10
CAIRNS LAND SALES<$250,000 <$500,000 $500,000+
76
49
68
7
3
8
1
2
2
MAR 09
DEC 09
MAR 10
FRASER COAST LAND SALES<$250,000 <$500,000 $500,000+
21
63
40
2
2
7
1
1
MAR 09
DEC 09
MAR 10
GLADSTONE LAND SALES<$250,000 <$500,000 $500,000+
86
94
79
4
21
16
5
1
MAR 09
DEC 09
MAR 10
TOWNSVILLE LAND SALES<$250,000 <$500,000 $500,000+
70
104
94
10
12
9
1
3
MAR 09
DEC 09
MAR 10
MACKAY LAND SALES<$250,000 <$500,000 $500,000+
87
64
72
1
2
6
2
1
MAR 09
DEC 09
MAR 10
ROCKHAMPTON LAND SALES<$250,000 <$500,000 $500,000+
84
94
84
6
5
1
1
MAR 09
DEC 09
MAR 10
TOOWOOMBA LAND SALES<$250,000 <$500,000 $500,000+
Median house and unit prices The number of preliminary house sales increased by an impressive 27.1 per cent on the Sunshine Coast over the year ending March 2010 as buyer interest returned to the market.
The Sunshine Coast median house price increased 1.1 per cent to $480,000 over the quarter, with a 2.9 per cent increase over the year ending March 2010.
The early-year upswing in property prices, prevalent across the State, seemed to have bypassed the Sunshine Coast and it’s assumed the latest interest rate rise can be to blame. Rather, the property market on the Sunshine Coast experienced little variation in median house price figures.
REIQ agents are reporting a ‘normal’ real estate market and are anticipating the next three months will be the tell-tale quarter of the year and determine the rest of 2010.
Steady performers over the March quarter included Noosa Heads with a median house price increase of 9.8 per cent to $670,000, and Tewantin, up 6.9 per cent to $459,500.
The CBD of the Sunshine Coast, Maroochydore, was also a solid performer, notching up 9.6 per cent on its median house price to $498,750 – a popular suburb for investors.
Buderim’s preliminary sales numbers, while experiencing the most activity of any other Sunshine Coast suburb, were down for the quarter as was its median house price. This largely indicates a change in the types of houses sold and an increased number of affordable properties. There were 97 preliminary sales in Buderim throughout the March quarter, although its median dropped 4.6 per cent to $515,000.
Tewantin and Sippy Downs had a reasonably high volume of sales for the March quarter totalling 83 with a median increase of 6.9 per cent and 0.9 per cent respectively; both are entry level suburbs to the Sunshine Coast property market.
The unit and townhouse median price on the Sunshine Coast dipped 3.9 per cent over the March quarter to $380,000. Agents are reporting a surge from investors who have been controlling this market, especially at the lower end.
Buderim was a standout suburb in the unit and townhouse market again with a 15.2 per cent increase to its median to $395,300, as was Nambour with an 8.7 per cent increase to $310,000.
Median land prices REIQ agents are reporting a shortage of vacant urban land on the Sunshine Coast although its median price increased 2.9 per cent to $262,475 over the March quarter. Sales numbers were down marginally on the previous quarter.
Beerwah was the strongest performing suburb in vacant urban land medians with a 4.7 increase to $199,000.
Rental market The median rent for a two-bedroom unit increased by $5 per week to $300 between March 2010 and March last year, but remained static for a three-bedroom house at $360 over the same period.
Following a period of easing demand in September last year, vacancy rates on the Sunshine Coast have begun to tighten again with a vacancy rate of 3.5 per cent recorded as at the end of March 2010. REIQ agents are reporting a stabilising rental market with around two to five applicants per rental listing.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 6 - March Quarter 2010 page 19
MARKETMONITORQ
UE
EN
SLA
ND
VACANT URBAN LAND
SUNSHINE COAST REGIONAL
HOUSES
Suburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
HOUSES continued
UNITS & TOWNHOUSES
SUNSHINE COAST (LGA) 930 $480,000 1.1% $465,000 2.9% 21.4%
SUNSHINE COAST (LGA) ^ 164 $561,250 0.0% $560,000 -2.6% 31.0%
AROONA 9 $450,000 7.1% $428,000 -1.2% 21.8%
BATTERYHILL~ 13 $490,000 24.0% $410,000 2.5% 16.5%
BEERWAH 24 $393,750 -0.3% $402,500 4.0% 53.9%
BEERWAH^ 3 N/A N/A $493,500 N/A 35.2%
BLACKMOUNTAIN^ 3 N/A N/A $511,250 N/A N/A
BLIBLI 12 $464,000 12.5% $405,000 6.6% 29.7%
BUDDINA~f 17 $630,000 -29.4% $600,500 -0.7% 21.9%
BUDERIM 97 $515,000 -4.6% $530,000 1.7% 26.2%
BUDERIM^~ 3 N/A N/A $690,000 N/A -8.6%
BURNSIDE~ 11 $395,000 -8.8% $380,000 7.6% 39.7%
CALOUNDRA 4 N/A N/A $439,500 N/A 11.4%
CALOUNDRAWEST 19 $450,000 4.7% $422,500 0.6% 20.7%
COESCREEK 8 $401,250 N/A $380,000 N/A 31.0%
COOLUMBEACH 20 $500,000 -2.9% $485,000 -1.0% 21.3%
COOROY 6 N/A N/A $412,000 N/A 30.4%
CURRIMUNDI 30 $435,000 -1.1% $426,500 -1.6% 18.9%
DOONAN^~ 13 $714,000 15.2% $638,000 -2.6% 17.3%
FORESTGLEN^~ 6 $875,000 N/A N/A N/A N/A
GLASSHOUSEMOUNTAINS 9 $435,000 3.7% $435,000 6.1% 45.0%
GLASSHOUSEMOUNTAINS^~ 8 $432,500 -11.6% $450,000 6.6% 19.2%
GLENVIEW^~ 3 N/A N/A $568,500 -6.4% 32.2%
GOLDENBEACH 15 $445,000 -3.9% $453,750 3.1% 23.6%
KULUIN 10 $436,500 N/A $410,000 4.3% 28.1%
LAKEMACDONALD^~ - N/A N/A $442,500 -11.2% N/A
LANDSBOROUGH 12 $370,000 -6.3% $370,000 2.4% 31.2%
LANDSBOROUGH^ 2 N/A N/A $447,500 N/A 27.9%
LITTLEMOUNTAIN 38 $470,000 -0.6% $470,000 3.1% 27.4%
LITTLEMOUNTAIN^ 5 $575,000 N/A N/A N/A N/A
MALENY^ 8 $665,000 N/A $605,000 N/A 33.3%
MALENY~ 14 $447,250 -7.8% $461,000 9.8% 41.8%
MAPLETON 8 $468,000 N/A N/A N/A N/A
MARCOOLA~ 7 $400,000 -9.6% $435,000 -2.2% -2.8%
MAROOCHYRIVER^ 5 $532,500 N/A N/A N/A N/A
MAROOCHYDORE 32 $498,750 9.6% $458,250 6.2% 20.8%
MERIDANPLAINS~ 13 $450,000 6.0% $437,500 -7.9% 9.7%
MINYAMA~f 9 $755,000 N/A $974,000 18.0% -7.2%
MOFFATBEACH~f 10 $572,000 N/A $520,000 -12.6% 15.4%
MOOLOOLABA~f 12 $590,000 -18.1% $590,000 15.7% 10.4%
MOOLOOLAHVALLEY 5 N/A N/A $402,000 3.3% 33.3%
MOOLOOLAHVALLEY^~ 10 $464,000 -0.5% $481,250 -15.6% 25.0%
MOUNTCOOLUM~ 11 $455,000 -3.2% $460,000 -3.2% 23.1%
MOUNTAINCREEK 28 $491,500 -4.6% $490,000 4.3% 21.0%
MUDJIMBA 8 $556,000 N/A $552,000 N/A 26.9%
NAMBOUR~ 41 $355,000 -7.3% $350,000 4.5% 37.5%
NOOSAHEADS 19 $670,000 9.8% $665,000 0.8% 14.7%
NOOSAVILLE~ 18 $937,500 29.3% $798,750 12.5% 14.5%
PACIFICPARADISE 9 $389,000 -5.1% $372,000 0.5% 28.3%
PALMWOODS^~g 5 $640,000 N/A $685,000 5.7% 65.1%
PALMWOODS~ 15 $470,000 11.9% $429,500 -3.5% 18.6%
PARREARRA~ 25 $549,950 15.8% $529,750 3.9% 9.2%
PELICANWATERS 39 $662,000 10.3% $619,500 5.0% 20.9%
PEREGIANBEACH~f 9 $630,000 12.5% $567,500 -9.2% -6.6%
PEREGIANSPRINGS~ 24 $517,500 7.1% $518,750 -3.0% -2.1%
POMONA^ 4 N/A N/A $510,000 2.0% 44.5%
SIPPYDOWNS 43 $449,000 0.9% $435,000 2.4% 28.1%
SUNRISEBEACH 6 N/A N/A $611,250 3.2% 21.0%
SUNSHINEBEACHf 7 $1,650,000 N/A $1,100,000 N/A 24.6%
TEWANTIN 40 $459,500 6.9% $440,000 0.0% 20.5%
TWINWATERS~ 8 $739,000 22.1% $658,000 5.3% 24.2%
WARANA 15 $486,500 0.3% $482,450 0.5% 22.3%
WITTA^~ 3 N/A N/A $485,000 -7.6% 29.3%
WOOMBYE~ 8 $450,000 25.5% $390,500 -2.0% 28.0%
WURTULLA~f* 27 $490,000 2.1% $465,000 17.0% 25.7%
YANDINA 9 $365,000 N/A $370,000 N/A N/A
YAROOMBA~* 9 $500,000 N/A $505,000 12.2% 11.7%
SUNSHINE COAST (LGA) 553 $365,000 -3.9% $365,000 5.8% 10.6%
ALEXANDRAHEADLAND~ 26 $347,500 9.3% $330,000 3.9% 12.9%
BATTERYHILL 4 N/A N/A $271,000 10.5% 26.0%
BUDDINA 9 $360,000 N/A $375,000 N/A 16.9%
BUDERIM* 26 $395,300 15.2% $370,000 7.7% 29.8%
CALOUNDRA*f 48 $376,000 -16.8% $385,000 1.3% -1.2%
CALOUNDRAWEST~ 5 N/A N/A $319,000 10.2% 37.6%
COOLUMBEACH~ 27 $370,000 -2.6% $350,000 -1.7% -2.8%
CURRIMUNDI~ 5 N/A N/A $359,950 4.3% N/A
GOLDENBEACH~f 26 $360,000 -28.4% $360,000 0.3% 12.5%
KINGSBEACH~f 22 $410,000 -11.8% $420,000 1.2% 25.4%
MARCOOLA~* 20 $425,000 1.2% $395,000 31.1% 11.3%
MAROOCHYDORE 82 $354,500 -3.4% $365,000 6.7% 12.3%
MINYAMA 5 N/A N/A $300,000 0.8% 13.2%
MOOLOOLABA 44 $390,000 6.0% $368,000 5.7% 3.7%
MOUNTCOOLUM 6 N/A N/A $326,500 2.0% -0.3%
MOUNTAINCREEK 3 N/A N/A $315,000 N/A 32.6%
MUDJIMBA* 5 N/A N/A $367,000 -18.4% -9.8%
NAMBOUR* 15 $310,000 8.7% $267,500 7.0% 58.3%
NOOSAHEADS~* 38 $507,500 -18.1% $570,000 -0.9% -13.6%
NOOSAVILLE~* 38 $380,500 -4.9% $382,000 7.6% 19.7%
PARREARRA 6 N/A N/A $430,000 1.2% 23.7%
PELICANWATERS 6 N/A N/A $465,000 N/A 2.2%
PEREGIANBEACH 3 N/A N/A $452,500 6.0% 5.2%
PEREGIANSPRINGS-* 4 N/A N/A $422,900 N/A N/A
SIPPYDOWNS 9 $205,000 3.0% $200,000 0.0% -8.0%
SUNRISEBEACHf 7 $301,000 -18.0% $367,150 14.7% 2.0%
SUNSHINEBEACH~f 8 $486,250 -8.9% $515,000 -23.4% 3.0%
TEWANTIN~ 6 N/A N/A $300,000 -5.5% 31.0%
TWINWATERS*f 4 N/A N/A $529,000 N/A -17.0%
WARANA 11 $338,000 N/A $335,750 9.7% 28.5%
SUNSHINE COAST (LGA) 196 $262,475 2.9% $246,000 4.7% 9.3%
SUNSHINE COAST (LGA) ^ ~ 34 $359,500 4.2% $330,000 -5.7% 17.9%
AROONA* 5 $250,000 N/A N/A N/A N/A
BEERWAH* 13 $199,000 4.7% $189,000 -1.6% 57.5%
BLIBLI 2 N/A N/A $242,500 N/A 23.1%
BUDERIM~ 6 $209,500 -10.5% $257,500 3.0% 1.4%
BURNSIDE 4 N/A N/A $184,750 6.8% 30.1%
CALOUNDRAWEST* 1 N/A N/A $248,000 7.8% 48.5%
COOLUMBEACH~ 3 N/A N/A $282,500 N/A 22.8%
COOROY 6 $255,000 N/A $220,500 N/A N/A
DOONAN^ 6 $437,500 N/A N/A N/A N/A
EUMUNDI* 4 N/A N/A $232,000 N/A N/A
GLASSHOUSEMOUNTAINS 6 $266,000 N/A $200,000 N/A 29.0%
KULUIN 1 N/A N/A $230,500 N/A N/A
LITTLEMOUNTAIN 11 $255,000 2.0% $252,500 0.0% 32.2%
MALENY~* 10 $225,000 N/A $219,900 -4.1% 12.8%
Please see page 36 for legend and further notes
www.reiq.com.auIssue 6 - March Quarter 2010 page 20
MARKETMONITORQ
UE
EN
SLA
ND
SUNSHINE COAST REGIONAL
3 BEDROOM HOUSES continued
RENTAL MARKETSuburbs/Localities
MarQtr2010NewBonds
MarQtr2009Rent($)
NewBonds
Rent($)Po
stcode
3 BEDROOM TOWNHOUSES
VACANT URBAN LAND continued
Suburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
MEDIAN SALES DATA
2 BEDROOM FLATS/UNITS
MERIDANPLAINS* 8 $239,450 N/A $217,000 -16.5% N/A
MOUNTCOOLUM* 2 N/A N/A $345,000 -1.4% 3.0%
MOUNTAINCREEK* 7 $241,000 N/A $234,000 3.5% 1.7%
NAMBOUR 1 N/A N/A $192,250 5.6% N/A
NOOSAVILLE~*f 6 $293,000 -10.5% $302,500 N/A N/A
PELICANWATERS*f 23 $325,000 -4.4% $320,000 -5.9% -12.3%
PEREGIANSPRINGS+* 33 $264,950 0.0% $270,000 -1.8% -1.8%
SIPPYDOWNS~* 5 $228,000 0.7% $225,000 -0.7% 32.7%
TEWANTIN 5 $348,000 N/A N/A N/A N/A
WOOMBYE 13 $225,000 -1.1% $227,500 5.8% 35.0%
3 BEDROOM HOUSES
Suburbs/Localities
MarQtr2010NewBonds
MarQtr2009Rent($)
NewBonds
Rent($)Po
stcode
MEDIAN WEEKLY RENTS
SUNSHINE COAST REGIONAL COUNCIL AREA 360 992 360 1,115
Caloundra (coastal region) 370 265 360 292
4551 Currimundi/GoldenBeach/MoffatBeach/etc. 360 155 360 181
4575 Bokarina/Minyama/Parrearra/Wurtulla/etc. 380 110 365 111
Caloundra (inland region) 320 99 320 99
4518 GlassHouseMountains 320 15 350 7
4519 Beerwah/CoochinCreek/Peachester/etc. 315 17 300 26
4550 Landsborough/MtMellum 320 17 330 12
4552 Conondale/Maleny/Reesville/Witta/etc. 330 37 300 32
4553 Glenview/MooloolahValley/Palmview/etc. 310 11 320 22
Maroochy (coastal region) 360 439 360 487
4555 Chevallum/Hunchy/Palmwoods 350 17 345 18
4556 Buderim/ForestGlen/SippyDowns/Tanawha/etc. 380 90 380 128
4557 Mooloolaba/MountainCreek 380 54 360 44
4558 Kuluin/Maroochydore 360 38 350 58
4559 Diddillibah/KielsMountain/Woombye/etc. 350 15 350 11
4560 BliBli/Burnside/Montville/Nambour/etc. 340 81 335 99
4564 Marcoola/Mudjimba/PacificParadise/etc. 355 39 350 32
4572 AlexandraHeadland 420 8 400 6
4573 CoolumBeach/PeregianSprings/Yaroomba/etc. 375 97 370 91
Maroochy (inland region) 350 43 365 37
4554 Eudlo/Ilkley 350 5 375 5
4561 Ninderry/NorthArm/Yandina/YandinaCreek/etc. 330 20 350 14
4562 BelliPark/Doonan/EerwahVale/Eumundi/etc. 385 15 400 15
Noosa (coastal region) 380 114 380 156
4565 BoreenPoint/Cootharaba/Tewantin/etc. 370 56 360 75
4566 Noosaville 380 13 395 28
4567 NoosaHeads/SunriseBch/SunshineBch/etc. 410 45 405 53
Noosa (inland region) 320 32 310 44
4563 BlackMountain/Cooroy/LakeMacdonald/etc. 320 15 340 23
4568 Federal/Pinbarren/Pomona 340 10 300 11
4569 Cooran 320 5 300 8
SUNSHINE COAST REGIONAL COUNCIL AREA 300 1,007 295 930
Caloundra (coastal region) 300 215 295 189
4551 Currimundi/GoldenBeach/MoffatBeach/etc. 295 162 285 152
4575 Bokarina/Minyama/Parrearra/Wurtulla/etc. 360 53 365 37
Caloundra (inland region) 250 9 250 6
Maroochy (coastal region) 300 652 295 599
4556 Buderim/ForestGlen/SippyDowns/Tanawha/etc. 290 40 255 34
4557 Mooloolaba/MountainCreek 290 114 290 111
4558 Kuluin/Maroochydore 310 199 310 196
4559 Diddillibah/KielsMountain/Woombye/etc. 260 17 250 11
4560 BliBli/Burnside/Montville/Nambour/etc. 245 56 230 50
4564 Marcoola/Mudjimba/PacificParadise/etc. 320 73 325 63
4572 AlexandraHeadland 340 78 320 60
4573 CoolumBeach/PeregianSprings/Yaroomba/etc. 290 73 280 74
Maroochy (inland region) 190 8 260 10
4561 Ninderry/NorthArm/Yandina/YandinaCreek/etc. 230 6 260 9
Noosa (coastal region) 305 119 300 123
4565 BoreenPoint/Cootharaba/Tewantin/etc. 270 11 260 10
4566 Noosaville 300 44 290 44
4567 NoosaHeads/SunriseBch/SunshineBch/etc. 310 64 310 69
Noosa (inland region) n.a. 4 n.a. 3
SUNSHINE COAST REGIONAL COUNCIL AREA 350 147 350 89
Caloundra (coastal region) 330 26 325 25
Maroochy (coastal region) 360 98 360 48
Noosa (coastal region) 400 20 400 12
Median house and unit prices The Fraser Coast’s residential property market has been steady throughout the year ending March 2010.
The region’s property market has not seen a substantial change in its median house price, only recording a 0.8 per cent increase to $317,000 over the March quarter and remaining the same over the year.
As with other regions across the State, potential buyers are being cautious about committing large amounts of money to property with uncertainty surrounding further interest rate hikes and the economy.
fRASER COAST REGIONALEvident by the increased number of house sales over the quarter, REIQ agents are reporting increased supply on the market. Fraser Coast also recorded a healthy 12.7 per cent increase in sales numbers for the year ending March 2010.
Agents across the region have been reporting lower numbers of first home buyers since the start of this year. It’s hoped the new government incentive of $4,000 for first-timers building a house in a regional area will boost sales numbers from this segment of the market.
Craignish, Granville and Tinana all experienced positive growth for the quarter, increasing 16.4 per cent, 12.2 per cent and 11.2 per cent, respectively. However, all medians were partially affected by the varying quality of stock sold.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 6 - March Quarter 2010 page 21
MARKETMONITORQ
UE
EN
SLA
ND
fRASER COAST REGIONAL
HOUSES
Suburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
HOUSES continued
99
3
BRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+
147 157 334147 157 334147 157 334147 157 334 2022022022021045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 10
136 352136 352136 352136 352 159159159159254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09
44444444 225463 225463 225463 225463
251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09
BRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALES
<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+
18 7418 7418 74993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10
20 8620 8620 86935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09
9 8787871534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 09
INCLUDESINCLUDESINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALESGOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+
18 7518 75
531 531MAR 10 MAR 10 195 263 60MAR 10531 531MAR 10 MAR 10 195 263 60MAR 10210 71 16210 71 16
33 5233 52
483 511DEC 09 190 255 97DEC 09483 511DEC 09 190 255 97DEC 09180 61 13DEC 09 180 61 13DEC 09
48 4448 44MAR 09 248 249 32MAR 09MAR 09 248 249 32MAR 09681 344 256 51 3MAR 09681 344 256 51MAR 09
SUNSHINE COAST HOUSE SALES CAIRNS HOUSE SALESGLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+
59 51
469 351MAR 10 144 190 52MAR 1058 91 26MAR 10
44 36
409 298DEC 09 164 184 66DEC 0980 67 21DEC 09
111 29
457 240MAR 09 202 187 45MAR 0953 86 4MAR 09
251
254
147
1273
1358
1045
927
1409
1557
44
136
157
MAR 09
SEP 09
MAR 10
BRISBANE CITY HOUSE SALES<$350,000 <$500,000 <$1m $1m+
1534
935
993
1511
1278
1373
344
490
541
9
20
18
MAR 09
DEC 09
MAR 10
BRISBANE SURROUNDS' HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
48
33
18
681
483
531
344
511
531
44
52
75
MAR 09
DEC 09
MAR 10
GOLD COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
111
44
59
457
409
469
240
298
351
29
36
51
MAR 09
DEC 09
MAR 10
SUNSHINE COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
256
180
210
51
61
71
3
13
16
MAR 09
DEC 09
MAR 10
BUNDABERG HOUSE SALES<$350,000 <$500,000 $500,000+
202
164
144
187
184
190
45
66
52
MAR 09
DEC 09
MAR 10
CAIRNS HOUSE SALES<$350,000 <$500,000 $500,000+
251
198
221
59
92
93
10
20
14
MAR 09
DEC 09
MAR 10
FRASER COAST HOUSESALES<$350,000 <$500,000 $500,000+
53
80
58
86
67
91
4
21
26
MAR 09
DEC 09
MAR 10
GLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+
248
190
195
249
255
263
32
97
60
MAR 09
DEC 09
MAR 10
TOWNSVILLE HOUSE SALES<$350,000 <$500,000 $500,000+
87
86
74
164
167
211
34
66
56
MAR 09
DEC 09
MAR 10
MACKAY HOUSE SALES<$350,000 <$500,000 $500,000+
225
159
202
88
96
89
25
32
36
MAR 09
DEC 09
MAR 10
ROCKHAMPTON HOUSE SALES<$350,000 <$500,000 $500,000+
463
352
334
116
116
116
20
47
39
MAR 09
DEC 09
MAR 10
TOOWOOMBA HOUSE SALES<$350,000 <$500,000 $500,000+
8 3
4
8
2
1
3
1
5
7
6
7
8 3
4
8
2
1
2
2
1
3
1
5
7
6
7
8 3
4
8
2
1
BRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
57575757
310 774 300 36MAR 10 53 35 1MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10 12 41 8MAR 10 12 41MAR 10 12 41MAR 10 12 41MAR 10
7676767651 2515151521 944 336SEP 09 30 22 4DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09
71717171514 660 169 19MAR 09 8 15 3MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09
BRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
118 289 123 68DEC 09 13 22 5MAR 10 16 41 7MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10
119 242 140 60SEP 09 17 34 1DEC 09 21 27 6DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09
163 277 69 21MAR 09 22 31 3MAR 09 18 29 7MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALESGOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
125 510 509 103347MAR 10 19 28 1MAR 10 29 107 18MAR 10125 510 509 103347MAR 10 19 28MAR 10 29 107 18MAR 10
112 476 427 89313DEC 09 DEC 09 23 76 19DEC 09112 476 427 89313DEC 09 DEC 09 23 76 19DEC 0915 21 215 21
172 566 404 68244MAR 09 45 84 17MAR 09172 566 404 68244MAR 09 45 84 17MAR 0933 20 2MAR 09 33 20MAR 09
SUNSHINE COAST UNIT SALES CAIRNS UNIT SALESGLADSTONE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
50 186 169 30118MAR 10 149 112 19MAR 1010 27 3MAR 10
55 169 157 26124DEC 09 132 126 42DEC 095 14 6DEC 09
66 197 151 1573MAR 09 45 84 17MAR 098 10 1MAR 09
71
76
57
514
521
310
660
944
774
169
336
300
19
51
36
MAR 09
SEP 09
MAR 10
BRISBANE CITY UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
163
119
118
277
242
289
69
140
123
21
60
68
MAR 09
SEP 09
DEC 09
BRISBANE SURROUNDS' UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
172
112
125
566
476
510
404
427
509
68
89
103
244
313
347
MAR 09
DEC 09
MAR 10
GOLD COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
66
55
50
197
169
186
151
157
169
15
26
30
73
124
118
MAR 09
DEC 09
MAR 10
SUNSHINE COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
33
15
19
20
21
28
2
2
1
MAR 09
DEC 09
MAR 10
BUNDABERG UNIT SALES<$250,000 <$500,000 $500,000+
45
132
149
84
126
112
17
42
19
MAR 09
DEC 09
MAR 10
CAIRNS UNIT SALES<$250,000 <$500,000 $500,000+
22
17
13
31
34
22
3
1
5
MAR 09
DEC 09
MAR 10
FRASER COAST UNIT SALES<$250,000 <$500,000 $500,000+
8
5
10
10
14
27
1
6
3
MAR 09
DEC 09
MAR 10
GLADSTONE UNIT SALES<$250,000 <$500,000 $500,000+
45
23
29
84
76
107
17
19
18
MAR 09
DEC 09
MAR 10
TOWNSVILLE UNIT SALES<$250,000 <$500,000 $500,000+
18
21
16
29
27
41
7
6
7
MAR 09
DEC 09
MAR 10
MACKAY UNIT SALES<$250,000 <$500,000 $500,000+
8
30
12
15
22
41
3
4
8
MAR 09
DEC 09
MAR 10
ROCKHAMPTON UNIT SALES<$250,000 <$500,000 $500,000+
70
44
53
36
26
35
2
1
MAR 09
DEC 09
MAR 10
TOOWOOMBA UNIT SALES<$250,000 <$500,000 $500,000+
1
2
6
2
1
6
5
1
1
7
3
8
1
2
2 9
1
3
1
2
6
2
1
6
5
1
1
4
7
5
1
BUNDABERG LAND SALES
7
3
8
1
2
2
4
5
1
9
1
3
1
2
6
2
1
6
5
1
1
BRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
30 70 61 14MAR 10 84 5 1MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 10 72 6 1MAR 10 72MAR 10 72MAR 10 72MAR 10
98 172 55 19SEP 09 64 2 2DEC 0994 6 1DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 09
60 80 28 10MAR 09 87 1MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 09
BRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
118 289 123 68DEC 09 68 8 2MAR 10 94 9MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10
119 242 140 60SEP 09 49 3 2DEC 09 104 12 3DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09
163 277 69 21MAR 09 76 7 1MAR 09 70 10 1MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST LAND SALES BUNDABERG LAND SALES TOWNSVILLE LAND SALESGOLD COAST LAND SALES TOWNSVILLE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
125 510 509 347MAR 10 66 5MAR 10 79 16 1MAR 10125 510 509 347MAR 10 66MAR 10 79 16MAR 10
112 476 427 313DEC 09 DEC 09 94 21 5DEC 09112 476 427 313DEC 09 DEC 09 94 21DEC 0956 7 156
172 566 404 244MAR 09 86 4MAR 09172 566 404 244MAR 09 86MAR 0945 4MAR 09 45MAR 09
SUNSHINE COAST LAND SALES CAIRNS LAND SALESGLADSTONE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
50 186 169 118MAR 10 71 17 2MAR 1040 7 1MAR 10
55 169 157 124DEC 09 90 18 6DEC 0963 2 1DEC 09
66 197 151 73MAR 09 73 3 2MAR 0921 2MAR 09
60
98
30
80
172
70
28
55
61
10
19
14
MAR 09
SEP 09
MAR 10
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
163
119
118
277
242
289
69
140
123
21
60
68
MAR 09
SEP 09
DEC 09
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
172
112
125
566
476
510
404
427
509
244
313
347
MAR 09
DEC 09
MAR 10
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
66
55
50
197
169
186
151
157
169
73
124
118
MAR 09
DEC 09
MAR 10
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
45
56
66
4
7
5
1
MAR 09
DEC 09
MAR 10
BUNDABERG LAND SALES<$250,000 <$500,000 $500,000+
73
90
71
3
18
17
2
6
2
MAR 09
DEC 09
MAR 10
CAIRNS LAND SALES<$250,000 <$500,000 $500,000+
76
49
68
7
3
8
1
2
2
MAR 09
DEC 09
MAR 10
FRASER COAST LAND SALES<$250,000 <$500,000 $500,000+
21
63
40
2
2
7
1
1
MAR 09
DEC 09
MAR 10
GLADSTONE LAND SALES<$250,000 <$500,000 $500,000+
86
94
79
4
21
16
5
1
MAR 09
DEC 09
MAR 10
TOWNSVILLE LAND SALES<$250,000 <$500,000 $500,000+
70
104
94
10
12
9
1
3
MAR 09
DEC 09
MAR 10
MACKAY LAND SALES<$250,000 <$500,000 $500,000+
87
64
72
1
2
6
2
1
MAR 09
DEC 09
MAR 10
ROCKHAMPTON LAND SALES<$250,000 <$500,000 $500,000+
84
94
84
6
5
1
1
MAR 09
DEC 09
MAR 10
TOOWOOMBA LAND SALES<$250,000 <$500,000 $500,000+
FRASER COAST (LGA) 328 $317,000 0.8% $305,500 0.8% 25.7%
FRASER COAST (LGA) ^ 49 $370,000 5.1% $369,000 -0.3% 35.7%
BOORAL^ 6 $412,000 N/A N/A N/A N/A
BURRUMHEADS 4 N/A N/A $407,500 5.8% N/A
CRAIGNISH~ 7 $410,000 16.4% $397,500 5.3% 38.5%
ELIWATERS 19 $334,795 -2.4% $333,898 1.5% 26.7%
GLENWOOD^~ 4 N/A N/A $227,000 0.9% 62.1%
GRANVILLE~ 8 $252,500 12.2% $230,000 -9.1% 25.3%
HOWARD 8 $262,000 N/A $235,000 9.3% 42.4%
KAWUNGAN 12 $343,500 2.5% $328,250 1.8% 5.9%
MARYBOROUGH~ 53 $230,000 -6.1% $232,500 -3.1% 37.6%
PIALBA 4 N/A N/A $290,000 5.1% 15.1%
POINTVERNON 30 $320,000 -4.8% $315,000 1.6% 23.4%
SCARNESS~ 19 $325,000 -4.4% $311,000 11.6% 24.4%
SUNSHINEACRES^ 5 $456,000 N/A N/A N/A N/A
TINANA 14 $325,000 5.7% $310,000 3.3% 35.1%
TINANA^ 6 $453,500 11.2% $420,000 6.3% 40.0%
TOOGOOM~ 8 $322,500 -6.5% $317,250 -3.9% 0.2%
TORQUAY~ 27 $317,000 5.7% $317,000 -9.4% 15.3%
URANGAN~ 43 $322,500 1.4% $317,775 -0.7% 15.6%
URRAWEEN~ 40 $338,950 -7.8% $350,000 0.0% 27.3%
WONDUNNA 6 N/A N/A $465,000 4.5% N/A
FRASER COAST (LGA) * f 40 $287,250 2.1% $284,750 -0.8% 9.9%
PIALBA* 5 N/A N/A $318,600 18.0% 48.2%
SCARNESSf 3 N/A N/A $270,000 -3.6% -6.9%
TORQUAYf 11 $290,000 N/A $250,000 -10.3% 13.6%
URANGAN* 14 $288,750 -17.5% $322,000 -8.0% 5.6%
The median unit and townhouse price on the Fraser Coast increased 2.1 per cent over the March quarter to $287,250.
There is an oversupply of units in Hervey Bay with developers trying to offload surplus stock. Properties at the Peppers Pier Resort went to auction without a successful outcome which resulted in them being sold afterwards at heavily reduced prices.
The Fraser Coast unit and townhouse market is being driven by investors with the majority of interest coming from outside of Hervey Bay.
Median land prices The median price of vacant urban land on the Fraser Coast decreased 7 per cent over the March quarter to $153,000, although the number of land sales increased compared to the previous quarter.
Plenty of vacant urban land remains in the region with the new government first home incentive tipped to move some of the vacant stock along.
Rental market The median rent for a two-bedroom unit in the Fraser Coast LGA remained unchanged at $210 per week, and was up $5 per week to $170 in Maryborough over the same period. The median rent for a three-bedroom house also remained unchanged at $250 per week.
Results from the REIQ’s recent residential rental survey showed a vacancy rate of 6.3 per cent for the Fraser Coast residential market. Although a relatively high vacancy rate compared to other parts of regional Queensland, this rate is tighter than reported for the last two surveys. The Fraser Coast rental market continues to have excess supply following the release of new residential unit developments in recent years.
UNITS & TOWNHOUSES
www.reiq.com.auIssue 6 - March Quarter 2010 page 22
MARKETMONITORQ
UE
EN
SLA
ND
fRASER COAST REGIONAL
BUNDABERG REGIONAL
2 BEDROOM FLATS/UNITS
99
3
BRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+
147 157 334147 157 334147 157 334147 157 334 2022022022021045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 10
136 352136 352136 352136 352 159159159159254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09
44444444 225463 225463 225463 225463
251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09
BRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALES
<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+
18 7418 7418 74993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10
20 8620 8620 86935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09
9 8787871534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 09
INCLUDESINCLUDESINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALESGOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+
18 7518 75
531 531MAR 10 MAR 10 195 263 60MAR 10531 531MAR 10 MAR 10 195 263 60MAR 10210 71 16210 71 16
33 5233 52
483 511DEC 09 190 255 97DEC 09483 511DEC 09 190 255 97DEC 09180 61 13DEC 09 180 61 13DEC 09
48 4448 44MAR 09 248 249 32MAR 09MAR 09 248 249 32MAR 09681 344 256 51 3MAR 09681 344 256 51MAR 09
SUNSHINE COAST HOUSE SALES CAIRNS HOUSE SALESGLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+
59 51
469 351MAR 10 144 190 52MAR 1058 91 26MAR 10
44 36
409 298DEC 09 164 184 66DEC 0980 67 21DEC 09
111 29
457 240MAR 09 202 187 45MAR 0953 86 4MAR 09
251
254
147
1273
1358
1045
927
1409
1557
44
136
157
MAR 09
SEP 09
MAR 10
BRISBANE CITY HOUSE SALES<$350,000 <$500,000 <$1m $1m+
1534
935
993
1511
1278
1373
344
490
541
9
20
18
MAR 09
DEC 09
MAR 10
BRISBANE SURROUNDS' HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
48
33
18
681
483
531
344
511
531
44
52
75
MAR 09
DEC 09
MAR 10
GOLD COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
111
44
59
457
409
469
240
298
351
29
36
51
MAR 09
DEC 09
MAR 10
SUNSHINE COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
256
180
210
51
61
71
3
13
16
MAR 09
DEC 09
MAR 10
BUNDABERG HOUSE SALES<$350,000 <$500,000 $500,000+
202
164
144
187
184
190
45
66
52
MAR 09
DEC 09
MAR 10
CAIRNS HOUSE SALES<$350,000 <$500,000 $500,000+
251
198
221
59
92
93
10
20
14
MAR 09
DEC 09
MAR 10
FRASER COAST HOUSESALES<$350,000 <$500,000 $500,000+
53
80
58
86
67
91
4
21
26
MAR 09
DEC 09
MAR 10
GLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+
248
190
195
249
255
263
32
97
60
MAR 09
DEC 09
MAR 10
TOWNSVILLE HOUSE SALES<$350,000 <$500,000 $500,000+
87
86
74
164
167
211
34
66
56
MAR 09
DEC 09
MAR 10
MACKAY HOUSE SALES<$350,000 <$500,000 $500,000+
225
159
202
88
96
89
25
32
36
MAR 09
DEC 09
MAR 10
ROCKHAMPTON HOUSE SALES<$350,000 <$500,000 $500,000+
463
352
334
116
116
116
20
47
39
MAR 09
DEC 09
MAR 10
TOOWOOMBA HOUSE SALES<$350,000 <$500,000 $500,000+
8 3
4
8
2
1
3
1
5
7
6
7
8 3
4
8
2
1
2
2
1
3
1
5
7
6
7
8 3
4
8
2
1
BRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
57575757
310 774 300 36MAR 10 53 35 1MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10 12 41 8MAR 10 12 41MAR 10 12 41MAR 10 12 41MAR 10
7676767651 2515151521 944 336SEP 09 30 22 4DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09
71717171514 660 169 19MAR 09 8 15 3MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09
BRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
118 289 123 68DEC 09 13 22 5MAR 10 16 41 7MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10
119 242 140 60SEP 09 17 34 1DEC 09 21 27 6DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09
163 277 69 21MAR 09 22 31 3MAR 09 18 29 7MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALESGOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
125 510 509 103347MAR 10 19 28 1MAR 10 29 107 18MAR 10125 510 509 103347MAR 10 19 28MAR 10 29 107 18MAR 10
112 476 427 89313DEC 09 DEC 09 23 76 19DEC 09112 476 427 89313DEC 09 DEC 09 23 76 19DEC 0915 21 215 21
172 566 404 68244MAR 09 45 84 17MAR 09172 566 404 68244MAR 09 45 84 17MAR 0933 20 2MAR 09 33 20MAR 09
SUNSHINE COAST UNIT SALES CAIRNS UNIT SALESGLADSTONE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
50 186 169 30118MAR 10 149 112 19MAR 1010 27 3MAR 10
55 169 157 26124DEC 09 132 126 42DEC 095 14 6DEC 09
66 197 151 1573MAR 09 45 84 17MAR 098 10 1MAR 09
71
76
57
514
521
310
660
944
774
169
336
300
19
51
36
MAR 09
SEP 09
MAR 10
BRISBANE CITY UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
163
119
118
277
242
289
69
140
123
21
60
68
MAR 09
SEP 09
DEC 09
BRISBANE SURROUNDS' UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
172
112
125
566
476
510
404
427
509
68
89
103
244
313
347
MAR 09
DEC 09
MAR 10
GOLD COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
66
55
50
197
169
186
151
157
169
15
26
30
73
124
118
MAR 09
DEC 09
MAR 10
SUNSHINE COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
33
15
19
20
21
28
2
2
1
MAR 09
DEC 09
MAR 10
BUNDABERG UNIT SALES<$250,000 <$500,000 $500,000+
45
132
149
84
126
112
17
42
19
MAR 09
DEC 09
MAR 10
CAIRNS UNIT SALES<$250,000 <$500,000 $500,000+
22
17
13
31
34
22
3
1
5
MAR 09
DEC 09
MAR 10
FRASER COAST UNIT SALES<$250,000 <$500,000 $500,000+
8
5
10
10
14
27
1
6
3
MAR 09
DEC 09
MAR 10
GLADSTONE UNIT SALES<$250,000 <$500,000 $500,000+
45
23
29
84
76
107
17
19
18
MAR 09
DEC 09
MAR 10
TOWNSVILLE UNIT SALES<$250,000 <$500,000 $500,000+
18
21
16
29
27
41
7
6
7
MAR 09
DEC 09
MAR 10
MACKAY UNIT SALES<$250,000 <$500,000 $500,000+
8
30
12
15
22
41
3
4
8
MAR 09
DEC 09
MAR 10
ROCKHAMPTON UNIT SALES<$250,000 <$500,000 $500,000+
70
44
53
36
26
35
2
1
MAR 09
DEC 09
MAR 10
TOOWOOMBA UNIT SALES<$250,000 <$500,000 $500,000+
Median house and unit prices Bundaberg experienced a 2 per cent drop in its median house price over the March quarter to $289,000, however it still maintained 2.9 per cent growth for the year ending March 2010.
Although, still Queensland’s most affordable regional centre to live in, there has been a general slowdown amongst increasingly cautious buyers; as well as a distinct scarcity of first home buyers.
Agents in the area are reporting while usually Bundaberg is shielded by the economy because of its affordability, properties that should be selling quickly, aren’t at present. Similarly, not a lot of new homes are being constructed, as the cost for building is fairly high and it’s generally cheaper, and more affordable to buy an established home.
Positive feedback from the data suggests 43 more preliminary house sales this quarter in Bundaberg than the previous three-month period – an impressive 10.6 per cent increase.
However, the varying quality of stock sold distorted the data somewhat; with Kepnock, Branyan and Bargara amongst only a bundle of suburbs which experienced any degree of growth during the quarter.
The unit and townhouse market also took a blow with a 4.8 per cent decrease to its median price. The median unit price now is $257,000 for the March quarter, while still upholding a healthy increase, year to date, up 9.5 per cent.
During the quarter, most of the unit and townhouse sales activity came from Bargara with a 1.1 per cent increase in its median. However, some new and waterfront stock may have varied this median.
REIQ agents have reported the unit and townhouse market has experienced a decline in enquiry and only a minimal amount of investor activity as there is already an oversupply of stock to clear.
VACANT URBAN LAND 3 BEDROOM HOUSES
Suburbs/Localities
MarQtr2010NewBonds
MarQtr2009Rent($)
NewBonds
Rent($)Po
stcode
MEDIAN WEEKLY RENTSSuburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
MEDIAN SALES DATA
FRASER COAST (LGA) ~ 78 $153,000 -7.0% $150,000 0.0% 25.0%
FRASER COAST (LGA) ^ * ~ 43 $110,000 -9.1% $123,000 21.2% 173.3%
BURRUMHEADS~ 4 N/A N/A $149,000 -3.9% 24.2%
CRAIGNISH 8 $232,500 N/A $175,000 -0.6% 48.3%
DUNDOWRANBEACHf 2 N/A N/A $229,500 N/A 35.0%
GLENWOOD^* 19 $75,000 -11.5% $80,000 0.0% 128.6%
OAKHURST^ 5 $134,000 N/A $134,000 14.0% 41.1%
RIVERHEADS 10 $150,000 N/A $150,000 3.4% 18.6%
TINANA 2 N/A N/A $125,950 -0.4% 41.5%
TOOGOOM*f 11 $155,000 N/A $145,000 4.3% 0.0%
URRAWEEN* 6 $163,750 N/A $160,000 0.0% 33.3%
WONDUNNA 2 N/A N/A $162,500 8.3% 8.3%
FRASER COAST REGIONAL COUNCIL AREA 250 380 250 382
4650 Maryboroughregion 240 134 230 130
4655 HerveyBay/Pialba/Scarness/Urangan 260 227 260 232
4659 Burrum/BurrumHeads/Howard 230 16 220 19
FRASER COAST REGIONAL COUNCIL AREA 210 188 210 202
4650 Maryboroughregion 170 51 165 38
4655 HerveyBay/Pialba/Scarness/Urangan 220 135 220 162
Please see page 36 for legend and further notes
www.reiq.com.auIssue 6 - March Quarter 2010 page 23
MARKETMONITORQ
UE
EN
SLA
ND
BUNDABERG REGIONAL
3 BEDROOM HOUSES
2 BEDROOM FLATS/UNITS
MEDIAN WEEKLY RENTSSuburbs/Localities
MarQtr2010NewBonds
MarQtr2009Rent($)
NewBonds
Rent($)Po
stcode
UNITS & TOWNHOUSES
HOUSES VACANT URBAN LAND
Suburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
1
2
6
2
1
6
5
1
1
7
3
8
1
2
2 9
1
3
1
2
6
2
1
6
5
1
1
4
7
5
1
BUNDABERG LAND SALES
7
3
8
1
2
2
4
5
1
9
1
3
1
2
6
2
1
6
5
1
1
BRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
30 70 61 14MAR 10 84 5 1MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 10 72 6 1MAR 10 72MAR 10 72MAR 10 72MAR 10
98 172 55 19SEP 09 64 2 2DEC 0994 6 1DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 09
60 80 28 10MAR 09 87 1MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 09
BRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
118 289 123 68DEC 09 68 8 2MAR 10 94 9MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10
119 242 140 60SEP 09 49 3 2DEC 09 104 12 3DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09
163 277 69 21MAR 09 76 7 1MAR 09 70 10 1MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST LAND SALES BUNDABERG LAND SALES TOWNSVILLE LAND SALESGOLD COAST LAND SALES TOWNSVILLE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
125 510 509 347MAR 10 66 5MAR 10 79 16 1MAR 10125 510 509 347MAR 10 66MAR 10 79 16MAR 10
112 476 427 313DEC 09 DEC 09 94 21 5DEC 09112 476 427 313DEC 09 DEC 09 94 21DEC 0956 7 156
172 566 404 244MAR 09 86 4MAR 09172 566 404 244MAR 09 86MAR 0945 4MAR 09 45MAR 09
SUNSHINE COAST LAND SALES CAIRNS LAND SALESGLADSTONE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
50 186 169 118MAR 10 71 17 2MAR 1040 7 1MAR 10
55 169 157 124DEC 09 90 18 6DEC 0963 2 1DEC 09
66 197 151 73MAR 09 73 3 2MAR 0921 2MAR 09
60
98
30
80
172
70
28
55
61
10
19
14
MAR 09
SEP 09
MAR 10
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
163
119
118
277
242
289
69
140
123
21
60
68
MAR 09
SEP 09
DEC 09
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
172
112
125
566
476
510
404
427
509
244
313
347
MAR 09
DEC 09
MAR 10
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
66
55
50
197
169
186
151
157
169
73
124
118
MAR 09
DEC 09
MAR 10
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
45
56
66
4
7
5
1
MAR 09
DEC 09
MAR 10
BUNDABERG LAND SALES<$250,000 <$500,000 $500,000+
73
90
71
3
18
17
2
6
2
MAR 09
DEC 09
MAR 10
CAIRNS LAND SALES<$250,000 <$500,000 $500,000+
76
49
68
7
3
8
1
2
2
MAR 09
DEC 09
MAR 10
FRASER COAST LAND SALES<$250,000 <$500,000 $500,000+
21
63
40
2
2
7
1
1
MAR 09
DEC 09
MAR 10
GLADSTONE LAND SALES<$250,000 <$500,000 $500,000+
86
94
79
4
21
16
5
1
MAR 09
DEC 09
MAR 10
TOWNSVILLE LAND SALES<$250,000 <$500,000 $500,000+
70
104
94
10
12
9
1
3
MAR 09
DEC 09
MAR 10
MACKAY LAND SALES<$250,000 <$500,000 $500,000+
87
64
72
1
2
6
2
1
MAR 09
DEC 09
MAR 10
ROCKHAMPTON LAND SALES<$250,000 <$500,000 $500,000+
84
94
84
6
5
1
1
MAR 09
DEC 09
MAR 10
TOOWOOMBA LAND SALES<$250,000 <$500,000 $500,000+
BUNDABERG (LGA) 297 $289,000 -2.0% $283,000 2.9% 41.5%
BUNDABERG (LGA) ^ 68 $340,000 -4.2% $335,000 8.1% 53.5%
CORALCOVE~ 8 $438,000 N/A N/A N/A N/A
AVENELLHEIGHTS 25 $275,000 -3.5% $280,000 0.4% 38.6%
AVOCA 14 $339,250 4.8% $320,000 1.6% 38.2%
BARGARA~ 25 $415,000 7.8% $366,000 -2.4% 26.2%
BRANYAN^~ 10 $335,500 12.0% $344,500 3.6% 47.2%
BUCCA^ 3 N/A N/A $312,500 N/A 38.9%
BUNDABERGEAST~ 13 $262,000 2.6% $272,000 -3.9% 45.5%
BUNDABERGNORTH 22 $254,000 0.0% $250,000 2.0% 47.1%
BUNDABERGSOUTH~ 10 $241,750 -8.8% $249,750 0.2% 46.9%
BUNDABERGWEST 12 $272,500 N/A $255,000 1.0% 34.2%
BURNETTHEADS 10 $277,500 -3.6% $268,000 1.1% 26.3%
ELLIOTTHEADS 6 N/A N/A $341,250 N/A 24.1%
INNESPARK~ 6 N/A N/A $365,000 15.7% 29.7%
KALKIE~ 12 $383,000 3.8% $360,000 -3.5% 60.0%
KEPNOCK~ 20 $283,500 12.6% $277,250 2.7% 42.0%
MILLBANK~ 12 $241,750 -0.5% $244,000 -0.4% 40.2%
MOOREPARKBEACH~ 10 $290,000 N/A $288,500 N/A 4.2%
NORVILLE 12 $249,500 N/A $245,000 1.0% 42.4%
SHARON^ 7 $380,500 N/A N/A N/A N/A
SVENSSONHEIGHTS 14 $260,000 -3.3% $260,250 4.1% 48.7%
THABEBAN~ 7 $285,000 -7.5% $270,000 0.0% 42.1%
WALKERVALE~ 17 $227,000 -7.5% $239,500 7.9% 48.3%
WOODGATEf 5 N/A N/A $425,000 N/A 11.1%
BUNDABERG (LGA) ~ 48 $257,000 -4.8% $270,000 9.5% 28.6%
AVENELLHEIGHTS*~ 5 N/A N/A $244,750 -3.1% N/A
BARGARA 18 $323,500 1.1% $330,000 1.5% 8.2%
BUNDABERGNORTH 7 $210,000 N/A $249,000 3.8% 21.5%
BUNDABERGSOUTH* 3 N/A N/A $203,000 -2.4% N/A
BUNDABERGWEST 3 N/A N/A $247,500 2.1% N/A
BUNDABERG (LGA) 71 $141,000 4.4% $135,000 -4.3% 25.0%
BUNDABERG (LGA) ^ 43 $159,000 11.6% $145,000 11.5% 141.7%
ASHFIELD 6 $139,000 8.2% $127,500 N/A N/A
BARGARA~f 16 $157,250 -42.3% $165,000 -7.3% 32.0%
CORALCOVE 7 $148,000 N/A N/A N/A N/A
INNESPARK 5 $148,000 6.1% $145,000 1.6% 28.3%
KALKIE~* 6 $133,975 N/A $124,950 -21.4% 33.6%
MOOREPARKBEACH 4 N/A N/A $132,000 N/A N/A
MOOREPARKBEACH^ 5 $185,000 N/A N/A N/A N/A
SOUTHISIS^* 5 $140,000 N/A N/A N/A N/A
WOODGATE~* 5 $260,000 30.0% $147,500 1.7% -23.6%
Median land prices The median price of vacant urban land in Bundaberg increased 4.4 per cent to $141,000 during the March quarter. The rise in median is perhaps due to the prestige subdivision at Edenbrook which is conveniently located close to schools and shopping centres.
During the quarter, Woodgate posted a solid gain to its median sale price at 30 per cent to $260,000 which can be attributed to the development at the northern end of Woodgate Beach, between The Esplanade and Cypress Street.
Rental market The median rent for a three-bedroom house increased by $10 per week to $250 since this time last year; the median rent for a two-bedroom unit increased by $10 per week to $200. The postcode of 4671 (Gin Gin and Mount Perry) recorded a staggering $30 per week increase to $230.
In September last year, Bundaberg agents reported a tight vacancy rate of 2.1 per cent. At the end of March this year
BUNDABERG REGIONAL COUNCIL AREA 260 354 250 420
4660 AppleTreeCreek/Childers/Woodgate 240 22 240 39
4670 Bundaberg/Avoca/Bargara/BurnettHeads/etc. 260 310 250 366
4671 GinGin/MountPerry 230 21 200 15
BUNDABERG REGIONAL COUNCIL AREA 200 162 190 160
4670 Bundaberg/Avoca/Bargara/BurnettHeads/etc. 200 160 190 158
however demand had reduced somewhat, seeing vacancy rates ease to 3.1 per cent. Agents are reporting little to no change in investor activity in the region and that rental listings are again attracting between two to five applicants.
With a steady inflow of residents attracted to the area for its lifestyle and relative affordability, the Bundaberg rental market will continue to prove an attractive investment option.
www.reiq.com.auIssue 6 - March Quarter 2010 page 24
MARKETMONITORQ
UE
EN
SLA
ND
GLADSTONE REGIONAL
99
3
BRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+
147 157 334147 157 334147 157 334147 157 334 2022022022021045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 10
136 352136 352136 352136 352 159159159159254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09
44444444 225463 225463 225463 225463
251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09
BRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALES
<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+
18 7418 7418 74993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10
20 8620 8620 86935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09
9 8787871534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 09
INCLUDESINCLUDESINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALESGOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+
18 7518 75
531 531MAR 10 MAR 10 195 263 60MAR 10531 531MAR 10 MAR 10 195 263 60MAR 10210 71 16210 71 16
33 5233 52
483 511DEC 09 190 255 97DEC 09483 511DEC 09 190 255 97DEC 09180 61 13DEC 09 180 61 13DEC 09
48 4448 44MAR 09 248 249 32MAR 09MAR 09 248 249 32MAR 09681 344 256 51 3MAR 09681 344 256 51MAR 09
SUNSHINE COAST HOUSE SALES CAIRNS HOUSE SALESGLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+
59 51
469 351MAR 10 144 190 52MAR 1058 91 26MAR 10
44 36
409 298DEC 09 164 184 66DEC 0980 67 21DEC 09
111 29
457 240MAR 09 202 187 45MAR 0953 86 4MAR 09
251
254
147
1273
1358
1045
927
1409
1557
44
136
157
MAR 09
SEP 09
MAR 10
BRISBANE CITY HOUSE SALES<$350,000 <$500,000 <$1m $1m+
1534
935
993
1511
1278
1373
344
490
541
9
20
18
MAR 09
DEC 09
MAR 10
BRISBANE SURROUNDS' HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
48
33
18
681
483
531
344
511
531
44
52
75
MAR 09
DEC 09
MAR 10
GOLD COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
111
44
59
457
409
469
240
298
351
29
36
51
MAR 09
DEC 09
MAR 10
SUNSHINE COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
256
180
210
51
61
71
3
13
16
MAR 09
DEC 09
MAR 10
BUNDABERG HOUSE SALES<$350,000 <$500,000 $500,000+
202
164
144
187
184
190
45
66
52
MAR 09
DEC 09
MAR 10
CAIRNS HOUSE SALES<$350,000 <$500,000 $500,000+
251
198
221
59
92
93
10
20
14
MAR 09
DEC 09
MAR 10
FRASER COAST HOUSESALES<$350,000 <$500,000 $500,000+
53
80
58
86
67
91
4
21
26
MAR 09
DEC 09
MAR 10
GLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+
248
190
195
249
255
263
32
97
60
MAR 09
DEC 09
MAR 10
TOWNSVILLE HOUSE SALES<$350,000 <$500,000 $500,000+
87
86
74
164
167
211
34
66
56
MAR 09
DEC 09
MAR 10
MACKAY HOUSE SALES<$350,000 <$500,000 $500,000+
225
159
202
88
96
89
25
32
36
MAR 09
DEC 09
MAR 10
ROCKHAMPTON HOUSE SALES<$350,000 <$500,000 $500,000+
463
352
334
116
116
116
20
47
39
MAR 09
DEC 09
MAR 10
TOOWOOMBA HOUSE SALES<$350,000 <$500,000 $500,000+
8 3
4
8
2
1
3
1
5
7
6
7
8 3
4
8
2
1
2
2
1
3
1
5
7
6
7
8 3
4
8
2
1
BRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
57575757
310 774 300 36MAR 10 53 35 1MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10 12 41 8MAR 10 12 41MAR 10 12 41MAR 10 12 41MAR 10
7676767651 2515151521 944 336SEP 09 30 22 4DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09
71717171514 660 169 19MAR 09 8 15 3MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09
BRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
118 289 123 68DEC 09 13 22 5MAR 10 16 41 7MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10
119 242 140 60SEP 09 17 34 1DEC 09 21 27 6DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09
163 277 69 21MAR 09 22 31 3MAR 09 18 29 7MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALESGOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
125 510 509 103347MAR 10 19 28 1MAR 10 29 107 18MAR 10125 510 509 103347MAR 10 19 28MAR 10 29 107 18MAR 10
112 476 427 89313DEC 09 DEC 09 23 76 19DEC 09112 476 427 89313DEC 09 DEC 09 23 76 19DEC 0915 21 215 21
172 566 404 68244MAR 09 45 84 17MAR 09172 566 404 68244MAR 09 45 84 17MAR 0933 20 2MAR 09 33 20MAR 09
SUNSHINE COAST UNIT SALES CAIRNS UNIT SALESGLADSTONE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
50 186 169 30118MAR 10 149 112 19MAR 1010 27 3MAR 10
55 169 157 26124DEC 09 132 126 42DEC 095 14 6DEC 09
66 197 151 1573MAR 09 45 84 17MAR 098 10 1MAR 09
71
76
57
514
521
310
660
944
774
169
336
300
19
51
36
MAR 09
SEP 09
MAR 10
BRISBANE CITY UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
163
119
118
277
242
289
69
140
123
21
60
68
MAR 09
SEP 09
DEC 09
BRISBANE SURROUNDS' UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
172
112
125
566
476
510
404
427
509
68
89
103
244
313
347
MAR 09
DEC 09
MAR 10
GOLD COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
66
55
50
197
169
186
151
157
169
15
26
30
73
124
118
MAR 09
DEC 09
MAR 10
SUNSHINE COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
33
15
19
20
21
28
2
2
1
MAR 09
DEC 09
MAR 10
BUNDABERG UNIT SALES<$250,000 <$500,000 $500,000+
45
132
149
84
126
112
17
42
19
MAR 09
DEC 09
MAR 10
CAIRNS UNIT SALES<$250,000 <$500,000 $500,000+
22
17
13
31
34
22
3
1
5
MAR 09
DEC 09
MAR 10
FRASER COAST UNIT SALES<$250,000 <$500,000 $500,000+
8
5
10
10
14
27
1
6
3
MAR 09
DEC 09
MAR 10
GLADSTONE UNIT SALES<$250,000 <$500,000 $500,000+
45
23
29
84
76
107
17
19
18
MAR 09
DEC 09
MAR 10
TOWNSVILLE UNIT SALES<$250,000 <$500,000 $500,000+
18
21
16
29
27
41
7
6
7
MAR 09
DEC 09
MAR 10
MACKAY UNIT SALES<$250,000 <$500,000 $500,000+
8
30
12
15
22
41
3
4
8
MAR 09
DEC 09
MAR 10
ROCKHAMPTON UNIT SALES<$250,000 <$500,000 $500,000+
70
44
53
36
26
35
2
1
MAR 09
DEC 09
MAR 10
TOOWOOMBA UNIT SALES<$250,000 <$500,000 $500,000+
1
2
6
2
1
6
5
1
1
7
3
8
1
2
2 9
1
3
1
2
6
2
1
6
5
1
1
4
7
5
1
BUNDABERG LAND SALES
7
3
8
1
2
2
4
5
1
9
1
3
1
2
6
2
1
6
5
1
1
BRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
30 70 61 14MAR 10 84 5 1MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 10 72 6 1MAR 10 72MAR 10 72MAR 10 72MAR 10
98 172 55 19SEP 09 64 2 2DEC 0994 6 1DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 09
60 80 28 10MAR 09 87 1MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 09
BRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
118 289 123 68DEC 09 68 8 2MAR 10 94 9MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10
119 242 140 60SEP 09 49 3 2DEC 09 104 12 3DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09
163 277 69 21MAR 09 76 7 1MAR 09 70 10 1MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST LAND SALES BUNDABERG LAND SALES TOWNSVILLE LAND SALESGOLD COAST LAND SALES TOWNSVILLE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
125 510 509 347MAR 10 66 5MAR 10 79 16 1MAR 10125 510 509 347MAR 10 66MAR 10 79 16MAR 10
112 476 427 313DEC 09 DEC 09 94 21 5DEC 09112 476 427 313DEC 09 DEC 09 94 21DEC 0956 7 156
172 566 404 244MAR 09 86 4MAR 09172 566 404 244MAR 09 86MAR 0945 4MAR 09 45MAR 09
SUNSHINE COAST LAND SALES CAIRNS LAND SALESGLADSTONE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
50 186 169 118MAR 10 71 17 2MAR 1040 7 1MAR 10
55 169 157 124DEC 09 90 18 6DEC 0963 2 1DEC 09
66 197 151 73MAR 09 73 3 2MAR 0921 2MAR 09
60
98
30
80
172
70
28
55
61
10
19
14
MAR 09
SEP 09
MAR 10
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
163
119
118
277
242
289
69
140
123
21
60
68
MAR 09
SEP 09
DEC 09
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
172
112
125
566
476
510
404
427
509
244
313
347
MAR 09
DEC 09
MAR 10
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
66
55
50
197
169
186
151
157
169
73
124
118
MAR 09
DEC 09
MAR 10
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
45
56
66
4
7
5
1
MAR 09
DEC 09
MAR 10
BUNDABERG LAND SALES<$250,000 <$500,000 $500,000+
73
90
71
3
18
17
2
6
2
MAR 09
DEC 09
MAR 10
CAIRNS LAND SALES<$250,000 <$500,000 $500,000+
76
49
68
7
3
8
1
2
2
MAR 09
DEC 09
MAR 10
FRASER COAST LAND SALES<$250,000 <$500,000 $500,000+
21
63
40
2
2
7
1
1
MAR 09
DEC 09
MAR 10
GLADSTONE LAND SALES<$250,000 <$500,000 $500,000+
86
94
79
4
21
16
5
1
MAR 09
DEC 09
MAR 10
TOWNSVILLE LAND SALES<$250,000 <$500,000 $500,000+
70
104
94
10
12
9
1
3
MAR 09
DEC 09
MAR 10
MACKAY LAND SALES<$250,000 <$500,000 $500,000+
87
64
72
1
2
6
2
1
MAR 09
DEC 09
MAR 10
ROCKHAMPTON LAND SALES<$250,000 <$500,000 $500,000+
84
94
84
6
5
1
1
MAR 09
DEC 09
MAR 10
TOOWOOMBA LAND SALES<$250,000 <$500,000 $500,000+
Median house and unit prices Over the March quarter, the best performing major region was Gladstone with a 7.9 per cent median house price increase to $383,000. Earlier this year, the region was abuzz with possibility due to the increased infrastructure spend earmarked for this resource-rich area.
Billions of dollars of projects from proposed LNG plants, smelter expansions and upgrades, a new railway and steel plant as well as the $65 million airport expansion and upgrade are either under way or under study for the region. Since that time, however, higher interest rates and the proposed mining tax has impacted the area with sales activity lower over recent weeks.
Enquiry is still occurring, but there is more hesitation from prospective buyers due to the uncertainty surrounding the resources tax. Mature investors are making the most of the quieter marked conditions to increase their portfolios while the newer investor is acting with a little more nervousness.
Overall, however, the growth possibilities associated with the development of the LNG industry in Gladstone have far outweighed the impact of minor interest rate adjustments.
The median Gladstone unit and townhouse price fluctuated over the March quarter, recording a 15.63 per cent price fall to $299,500. This anomaly can be attributed to the varying quality of stock sold over the quarter. Interest in the burgeoning unit and townhouse market is better reflected in the result over the year ending March which was an increase of 12.7 per cent.
Central Gladstone is currently witnessing its first prestige waterfront development. Aspex, which overlooks Gladstone marina, is priced from $750,000 and heralds a new type of luxury unit dwelling for the region.
Median land prices The median price of vacant urban land fell 7.3 per cent over the March quarter to $175,000 and was up 0.6 per cent over the year.
Affordable blocks of land, priced under $150,000 are becoming increasingly rare in the region, however, a number of more affordable residential estates have been developed over the past year.
Good blocks in estates that were released during the March quarter were reportedly snapped up very quickly.
Rental market The median rent for a two-bedroom unit dropped $10 per week to $230 between March 2010 and March last year, while the median rent for a three-bedroom house also fell – down $20 per week to $280 over the same period.
Even with such results, Gladstone’s rental market has shown signs of improvement of late, largely underpinned by the relocation of residents to the area for employment opportunities in the resources sector. Although vacancy rates are currently above the standard 3 per cent, demand for rental properties in the region will ensure landlords rental returns improve in the near future.
REIQ agents have reported an increased activity of investors to the local area coupled with steady levels of tenant enquiry per rental listing.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 6 - March Quarter 2010 page 25
MARKETMONITORQ
UE
EN
SLA
ND
GLADSTONE REGIONAL
ROCKHAMPTON REGIONAL
3 BEDROOM HOUSES
2 BEDROOM FLATS/UNITS
HOUSES VACANT URBAN LAND
UNITS & TOWNHOUSES
MEDIAN WEEKLY RENTSSuburbs/Localities
MarQtr2010NewBonds
MarQtr2009Rent($)
NewBonds
Rent($)Po
stcode
Suburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
99
3
BRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+
147 157 334147 157 334147 157 334147 157 334 2022022022021045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 10
136 352136 352136 352136 352 159159159159254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09
44444444 225463 225463 225463 225463
251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09
BRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALES
<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+
18 7418 7418 74993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10
20 8620 8620 86935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09
9 8787871534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 09
INCLUDESINCLUDESINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALESGOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+
18 7518 75
531 531MAR 10 MAR 10 195 263 60MAR 10531 531MAR 10 MAR 10 195 263 60MAR 10210 71 16210 71 16
33 5233 52
483 511DEC 09 190 255 97DEC 09483 511DEC 09 190 255 97DEC 09180 61 13DEC 09 180 61 13DEC 09
48 4448 44MAR 09 248 249 32MAR 09MAR 09 248 249 32MAR 09681 344 256 51 3MAR 09681 344 256 51MAR 09
SUNSHINE COAST HOUSE SALES CAIRNS HOUSE SALESGLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+
59 51
469 351MAR 10 144 190 52MAR 1058 91 26MAR 10
44 36
409 298DEC 09 164 184 66DEC 0980 67 21DEC 09
111 29
457 240MAR 09 202 187 45MAR 0953 86 4MAR 09
251
254
147
1273
1358
1045
927
1409
1557
44
136
157
MAR 09
SEP 09
MAR 10
BRISBANE CITY HOUSE SALES<$350,000 <$500,000 <$1m $1m+
1534
935
993
1511
1278
1373
344
490
541
9
20
18
MAR 09
DEC 09
MAR 10
BRISBANE SURROUNDS' HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
48
33
18
681
483
531
344
511
531
44
52
75
MAR 09
DEC 09
MAR 10
GOLD COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
111
44
59
457
409
469
240
298
351
29
36
51
MAR 09
DEC 09
MAR 10
SUNSHINE COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
256
180
210
51
61
71
3
13
16
MAR 09
DEC 09
MAR 10
BUNDABERG HOUSE SALES<$350,000 <$500,000 $500,000+
202
164
144
187
184
190
45
66
52
MAR 09
DEC 09
MAR 10
CAIRNS HOUSE SALES<$350,000 <$500,000 $500,000+
251
198
221
59
92
93
10
20
14
MAR 09
DEC 09
MAR 10
FRASER COAST HOUSESALES<$350,000 <$500,000 $500,000+
53
80
58
86
67
91
4
21
26
MAR 09
DEC 09
MAR 10
GLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+
248
190
195
249
255
263
32
97
60
MAR 09
DEC 09
MAR 10
TOWNSVILLE HOUSE SALES<$350,000 <$500,000 $500,000+
87
86
74
164
167
211
34
66
56
MAR 09
DEC 09
MAR 10
MACKAY HOUSE SALES<$350,000 <$500,000 $500,000+
225
159
202
88
96
89
25
32
36
MAR 09
DEC 09
MAR 10
ROCKHAMPTON HOUSE SALES<$350,000 <$500,000 $500,000+
463
352
334
116
116
116
20
47
39
MAR 09
DEC 09
MAR 10
TOOWOOMBA HOUSE SALES<$350,000 <$500,000 $500,000+
GLADSTONE (LGA) 175 $383,000 7.9% $366,000 -3.7% 70.2%
GLADSTONE (LGA) ^ ~ 30 $447,500 27.9% $442,500 7.9% 64.5%
AGNESWATER^~f 7 $460,000 N/A $395,000 N/A 46.3%
BOYNEISLAND~ 14 $393,500 -4.8% $394,750 -3.7% 57.9%
CALLIOPE*~ 16 $394,500 16.9% $376,500 -2.6% 125.4%
CLINTON~ 31 $366,000 -8.7% $365,000 -4.5% 46.9%
GLENEDEN 14 $468,500 N/A $455,000 5.6% N/A
KINKORA 7 $390,000 9.9% $359,500 -4.1% N/A
NEWAUCKLAND~ 21 $360,000 -7.7% $385,000 -1.0% N/A
SOUTHGLADSTONE~ 4 N/A N/A $331,100 -5.4% N/A
TANNUMSANDS~ 12 $454,000 -12.5% $469,000 4.2% 59.0%
TELINA~ 9 $410,000 18.8% $386,000 -1.7% N/A
WESTGLADSTONE~ 21 $358,000 10.8% $322,750 -4.3% N/A
GLADSTONE (LGA) * f 40 $299,500 -15.6% $318,250 12.7% 87.2%
AGNESWATER-*f 7 $293,000 N/A $365,000 N/A -5.2%
GLADSTONECITY 7 $282,000 N/A N/A N/A N/A
SOUTHGLADSTONE* 4 N/A N/A $241,000 -10.1% N/A
GLADSTONE (LGA) * 48 $175,000 -7.3% $180,000 0.6% 89.5%
GLADSTONE (LGA) ^ ~ 28 $187,500 -1.3% $195,000 -2.5% 77.3%
AGNESWATER*f 8 $307,500 57.7% $232,500 N/A N/A
AGNESWATER^~ 6 $187,500 -6.3% $195,000 -2.5% 34.7%
BOYNEISLAND*f 4 N/A N/A $210,000 N/A 97.2%
CALLIOPE* 8 $148,750 -5.3% $143,500 -2.9% N/A
GLENEDEN 4 N/A N/A $180,000 N/A N/A
KIRKWOOD* 8 $180,500 -2.4% $178,000 -1.1% N/A
GLADSTONE REGIONAL COUNCIL AREA 280 238 300 219
4677 AgnesWater/MiriamVale 280 23 275 16
4680 Gladstone/BoyneIsland/Clinton/KinKora/etc. 285 206 310 198
GLADSTONE REGIONAL COUNCIL AREA 230 197 240 154
4680 Gladstone/BoyneIsland/Clinton/KinKora/etc. 230 190 240 153
Median house and unit prices The four interest rate rises since October 2009 started to have an impact on the Rockhampton market during the March quarter with quieter conditions reported.
Agents describe slower activity overall, with first home buyers also retreating from the market during the first three months of the year following the cessation of the First Home Owners Boost in late 2009.
Rockhampton’s median house price decreased 2.4 per cent to $322,000 over the March quarter.
Since that time, the two interest rate increases in April and May have also adversely impacted the market, as has the continued debate over the Federal Government’s mining tax.
Agents are seeing fewer enquiries from mining employees as the debate over the mining tax creates nervousness amongst the region’s high proportion of industry workers.
Slower market conditions mean there are ample opportunities for buyers at present. Investors are showing more interest, especially in duplexes, possibly due to the current stock market jitters.
Over the year ending March, solid performers included Allenstown and Park Avenue.
Allenstown’s median house price increased 8.7 per cent to $250,000. Allenstown is on the south side of Rockhampton, nestled at the foothills of one of the city’s most desirable suburbs, The Range. The area has been earmarked for future high density developments and is home to the Allenstown Plaza shopping centre.
Park Avenue’s median house price increased 6 per cent to $265,000 over the year, on the back of first home buyer demand for affordable property throughout last year.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 6 - March Quarter 2010 page 26
MARKETMONITORQ
UE
EN
SLA
ND
ROCKHAMPTON REGIONAL
HOUSES HOUSES continued
Suburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
8 3
4
8
2
1
3
1
5
7
6
7
8 3
4
8
2
1
2
2
1
3
1
5
7
6
7
8 3
4
8
2
1
BRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
57575757
310 774 300 36MAR 10 53 35 1MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10 12 41 8MAR 10 12 41MAR 10 12 41MAR 10 12 41MAR 10
7676767651 2515151521 944 336SEP 09 30 22 4DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09
71717171514 660 169 19MAR 09 8 15 3MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09
BRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
118 289 123 68DEC 09 13 22 5MAR 10 16 41 7MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10
119 242 140 60SEP 09 17 34 1DEC 09 21 27 6DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09
163 277 69 21MAR 09 22 31 3MAR 09 18 29 7MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALESGOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
125 510 509 103347MAR 10 19 28 1MAR 10 29 107 18MAR 10125 510 509 103347MAR 10 19 28MAR 10 29 107 18MAR 10
112 476 427 89313DEC 09 DEC 09 23 76 19DEC 09112 476 427 89313DEC 09 DEC 09 23 76 19DEC 0915 21 215 21
172 566 404 68244MAR 09 45 84 17MAR 09172 566 404 68244MAR 09 45 84 17MAR 0933 20 2MAR 09 33 20MAR 09
SUNSHINE COAST UNIT SALES CAIRNS UNIT SALESGLADSTONE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
50 186 169 30118MAR 10 149 112 19MAR 1010 27 3MAR 10
55 169 157 26124DEC 09 132 126 42DEC 095 14 6DEC 09
66 197 151 1573MAR 09 45 84 17MAR 098 10 1MAR 09
71
76
57
514
521
310
660
944
774
169
336
300
19
51
36
MAR 09
SEP 09
MAR 10
BRISBANE CITY UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
163
119
118
277
242
289
69
140
123
21
60
68
MAR 09
SEP 09
DEC 09
BRISBANE SURROUNDS' UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
172
112
125
566
476
510
404
427
509
68
89
103
244
313
347
MAR 09
DEC 09
MAR 10
GOLD COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
66
55
50
197
169
186
151
157
169
15
26
30
73
124
118
MAR 09
DEC 09
MAR 10
SUNSHINE COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
33
15
19
20
21
28
2
2
1
MAR 09
DEC 09
MAR 10
BUNDABERG UNIT SALES<$250,000 <$500,000 $500,000+
45
132
149
84
126
112
17
42
19
MAR 09
DEC 09
MAR 10
CAIRNS UNIT SALES<$250,000 <$500,000 $500,000+
22
17
13
31
34
22
3
1
5
MAR 09
DEC 09
MAR 10
FRASER COAST UNIT SALES<$250,000 <$500,000 $500,000+
8
5
10
10
14
27
1
6
3
MAR 09
DEC 09
MAR 10
GLADSTONE UNIT SALES<$250,000 <$500,000 $500,000+
45
23
29
84
76
107
17
19
18
MAR 09
DEC 09
MAR 10
TOWNSVILLE UNIT SALES<$250,000 <$500,000 $500,000+
18
21
16
29
27
41
7
6
7
MAR 09
DEC 09
MAR 10
MACKAY UNIT SALES<$250,000 <$500,000 $500,000+
8
30
12
15
22
41
3
4
8
MAR 09
DEC 09
MAR 10
ROCKHAMPTON UNIT SALES<$250,000 <$500,000 $500,000+
70
44
53
36
26
35
2
1
MAR 09
DEC 09
MAR 10
TOOWOOMBA UNIT SALES<$250,000 <$500,000 $500,000+
1
2
6
2
1
6
5
1
1
7
3
8
1
2
2 9
1
3
1
2
6
2
1
6
5
1
1
4
7
5
1
BUNDABERG LAND SALES
7
3
8
1
2
2
4
5
1
9
1
3
1
2
6
2
1
6
5
1
1
BRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
30 70 61 14MAR 10 84 5 1MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 10 72 6 1MAR 10 72MAR 10 72MAR 10 72MAR 10
98 172 55 19SEP 09 64 2 2DEC 0994 6 1DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 09
60 80 28 10MAR 09 87 1MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 09
BRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
118 289 123 68DEC 09 68 8 2MAR 10 94 9MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10
119 242 140 60SEP 09 49 3 2DEC 09 104 12 3DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09
163 277 69 21MAR 09 76 7 1MAR 09 70 10 1MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST LAND SALES BUNDABERG LAND SALES TOWNSVILLE LAND SALESGOLD COAST LAND SALES TOWNSVILLE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
125 510 509 347MAR 10 66 5MAR 10 79 16 1MAR 10125 510 509 347MAR 10 66MAR 10 79 16MAR 10
112 476 427 313DEC 09 DEC 09 94 21 5DEC 09112 476 427 313DEC 09 DEC 09 94 21DEC 0956 7 156
172 566 404 244MAR 09 86 4MAR 09172 566 404 244MAR 09 86MAR 0945 4MAR 09 45MAR 09
SUNSHINE COAST LAND SALES CAIRNS LAND SALESGLADSTONE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
50 186 169 118MAR 10 71 17 2MAR 1040 7 1MAR 10
55 169 157 124DEC 09 90 18 6DEC 0963 2 1DEC 09
66 197 151 73MAR 09 73 3 2MAR 0921 2MAR 09
60
98
30
80
172
70
28
55
61
10
19
14
MAR 09
SEP 09
MAR 10
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
163
119
118
277
242
289
69
140
123
21
60
68
MAR 09
SEP 09
DEC 09
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
172
112
125
566
476
510
404
427
509
244
313
347
MAR 09
DEC 09
MAR 10
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
66
55
50
197
169
186
151
157
169
73
124
118
MAR 09
DEC 09
MAR 10
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
45
56
66
4
7
5
1
MAR 09
DEC 09
MAR 10
BUNDABERG LAND SALES<$250,000 <$500,000 $500,000+
73
90
71
3
18
17
2
6
2
MAR 09
DEC 09
MAR 10
CAIRNS LAND SALES<$250,000 <$500,000 $500,000+
76
49
68
7
3
8
1
2
2
MAR 09
DEC 09
MAR 10
FRASER COAST LAND SALES<$250,000 <$500,000 $500,000+
21
63
40
2
2
7
1
1
MAR 09
DEC 09
MAR 10
GLADSTONE LAND SALES<$250,000 <$500,000 $500,000+
86
94
79
4
21
16
5
1
MAR 09
DEC 09
MAR 10
TOWNSVILLE LAND SALES<$250,000 <$500,000 $500,000+
70
104
94
10
12
9
1
3
MAR 09
DEC 09
MAR 10
MACKAY LAND SALES<$250,000 <$500,000 $500,000+
87
64
72
1
2
6
2
1
MAR 09
DEC 09
MAR 10
ROCKHAMPTON LAND SALES<$250,000 <$500,000 $500,000+
84
94
84
6
5
1
1
MAR 09
DEC 09
MAR 10
TOOWOOMBA LAND SALES<$250,000 <$500,000 $500,000+
Rockhampton’s unit and townhouse median price increased 18.26 per cent to $285,000 over the quarter. This fluctuation in price can be attributed to stagnant higher quality new stock being re-priced by developers to meet the market.
Rockhampton has experienced three new multi-storey waterfront unit and townhouse developments over recent years, however, demand for this type of stock has now diminished. Developers are now showing an interest in developments of between six and 12 units.
Median land prices Rockhampton’s market for vacant urban land continues to be steady with prices flat at $145,000 over the year ending March.
There remains an abundance of land available in the Rockhampton region. New residential sub-divisions are under way which is resulting in steady demand from buyers.
Unlike many other areas of the State, the affordable price of house and land packages in Rockhampton allows some first-time buyers to purchase this type of dwelling.
Rental market While Rockhampton’s residential market takes a breather, its rental market is performing well. Agents are reporting a rock solid market with vacancy rates at about 2 per cent.
Demand is expected to remain strong over the short-term as would-be home buyers wait for more certainty on interest rates and the proposed mining tax.
The median rent for a two-bedroom unit increased $5 per week to $225 between March 2009 and March 2010. The median rent for a three-bedroom house also increased, up $10 per week to $290 over the same period.
ROCKHAMPTON (LGA) 327 $322,000 -2.4% $313,000 1.3% 96.9%
ROCKHAMPTON (LGA) ^ ~ 41 $470,000 10.6% $440,000 3.2% 83.3%
ALLENSTOWN~ 12 $292,500 18.2% $250,000 8.7% 85.2%
BERSERKER 25 $245,000 3.2% $236,750 -1.6% 89.4%
EMUPARK~ 7 $331,250 -23.0% $335,000 -2.0% 42.6%
FRENCHVILLE 39 $335,000 -0.1% $327,250 0.7% 81.8%
GLENDALE^ 5 $470,000 N/A N/A N/A N/A
GLENLEE^ 6 $430,000 N/A N/A N/A N/A
GRACEMERE~ 30 $330,000 2.6% $317,500 -7.2% 100.9%
KAWANA 11 $300,000 N/A $300,000 2.6% 79.4%
KOONGAL 14 $275,000 2.8% $271,500 8.6% 93.9%
LAMMERMOOR+* 11 $443,500 -2.5% $456,500 N/A 49.7%
MOUNTMORGAN~ 10 $158,000 -6.0% $152,500 22.0% 150.0%
NORMANGARDENS~ 34 $420,000 0.0% $385,000 -1.6% 75.0%
PACIFICHEIGHTS 5 N/A N/A $470,000 N/A N/A
PARKAVENUE 16 $284,000 4.8% $265,000 6.0% 89.3%
ROCKHAMPTONCITY~ 9 $187,000 -21.6% $202,500 -3.6% 104.5%
TARANGANBA 6 N/A N/A $380,000 0.0% 52.0%
THERANGE~ 20 $385,750 -3.9% $370,000 9.1% 103.3%
WANDAL 16 $275,000 -0.9% $285,000 3.6% 91.4%
WESTROCKHAMPTON 10 $257,500 N/A $262,500 2.7% 97.7%
YEPPOON~ 14 $345,000 -2.8% $347,000 -3.6% 33.5%
ZILZIE~ 3 N/A N/A $388,000 -2.3% 30.6%
ROCKHAMPTON (LGA) * f 61 $285,000 18.3% $282,500 10.8% 82.3%
NORMANGARDENS* 9 $280,000 N/A $270,000 N/A 92.9%
ROCKHAMPTONCITY*f - N/A N/A $515,000 N/A N/A
ROSSLYN 3 N/A N/A $235,000 N/A N/A
YEPPOON*f 13 $372,500 6.4% $299,000 N/A 41.7%
ROCKHAMPTON (LGA) * 79 $150,000 -4.8% $145,000 0.0% 50.3%
ROCKHAMPTON (LGA) ^ * ~ 17 $230,000 27.8% $207,000 13.4% 152.4%
GRACEMERE* 25 $112,000 4.7% $110,000 -12.0% 144.4%
LAMMERMOOR+* 11 $150,000 -1.6% $150,000 7.5% 14.3%
MULAMBIN+* 4 N/A N/A $150,000 -5.4% N/A
NORMANGARDENS* 6 $177,500 4.7% $170,000 0.4% 132.9%
ROCKYVIEW^* 6 $227,500 9.6% $200,113 N/A 156.6%
TAROOMBALL* 4 N/A N/A $150,000 N/A N/A
YEPPOON* 8 $144,500 -12.4% $155,000 -11.4% 43.5%
ZILZIE*f 13 $220,000 54.4% $160,000 -3.0% 25.0%
UNITS & TOWNHOUSES
VACANT URBAN LAND
Please see page 36 for legend and further notes
www.reiq.com.auIssue 6 - March Quarter 2010 page 27
MARKETMONITORQ
UE
EN
SLA
ND
ROCKHAMPTON REGIONAL
MACKAY REGIONAL
3 BEDROOM HOUSES
2 BEDROOM FLATS/UNITS
99
3
BRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+
147 157 334147 157 334147 157 334147 157 334 2022022022021045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 10
136 352136 352136 352136 352 159159159159254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09
44444444 225463 225463 225463 225463
251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09
BRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALES
<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+
18 7418 7418 74993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10
20 8620 8620 86935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09
9 8787871534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 09
INCLUDESINCLUDESINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALESGOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+
18 7518 75
531 531MAR 10 MAR 10 195 263 60MAR 10531 531MAR 10 MAR 10 195 263 60MAR 10210 71 16210 71 16
33 5233 52
483 511DEC 09 190 255 97DEC 09483 511DEC 09 190 255 97DEC 09180 61 13DEC 09 180 61 13DEC 09
48 4448 44MAR 09 248 249 32MAR 09MAR 09 248 249 32MAR 09681 344 256 51 3MAR 09681 344 256 51MAR 09
SUNSHINE COAST HOUSE SALES CAIRNS HOUSE SALESGLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+
59 51
469 351MAR 10 144 190 52MAR 1058 91 26MAR 10
44 36
409 298DEC 09 164 184 66DEC 0980 67 21DEC 09
111 29
457 240MAR 09 202 187 45MAR 0953 86 4MAR 09
251
254
147
1273
1358
1045
927
1409
1557
44
136
157
MAR 09
SEP 09
MAR 10
BRISBANE CITY HOUSE SALES<$350,000 <$500,000 <$1m $1m+
1534
935
993
1511
1278
1373
344
490
541
9
20
18
MAR 09
DEC 09
MAR 10
BRISBANE SURROUNDS' HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
48
33
18
681
483
531
344
511
531
44
52
75
MAR 09
DEC 09
MAR 10
GOLD COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
111
44
59
457
409
469
240
298
351
29
36
51
MAR 09
DEC 09
MAR 10
SUNSHINE COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
256
180
210
51
61
71
3
13
16
MAR 09
DEC 09
MAR 10
BUNDABERG HOUSE SALES<$350,000 <$500,000 $500,000+
202
164
144
187
184
190
45
66
52
MAR 09
DEC 09
MAR 10
CAIRNS HOUSE SALES<$350,000 <$500,000 $500,000+
251
198
221
59
92
93
10
20
14
MAR 09
DEC 09
MAR 10
FRASER COAST HOUSESALES<$350,000 <$500,000 $500,000+
53
80
58
86
67
91
4
21
26
MAR 09
DEC 09
MAR 10
GLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+
248
190
195
249
255
263
32
97
60
MAR 09
DEC 09
MAR 10
TOWNSVILLE HOUSE SALES<$350,000 <$500,000 $500,000+
87
86
74
164
167
211
34
66
56
MAR 09
DEC 09
MAR 10
MACKAY HOUSE SALES<$350,000 <$500,000 $500,000+
225
159
202
88
96
89
25
32
36
MAR 09
DEC 09
MAR 10
ROCKHAMPTON HOUSE SALES<$350,000 <$500,000 $500,000+
463
352
334
116
116
116
20
47
39
MAR 09
DEC 09
MAR 10
TOOWOOMBA HOUSE SALES<$350,000 <$500,000 $500,000+
8 3
4
8
2
1
3
1
5
7
6
7
8 3
4
8
2
1
2
2
1
3
1
5
7
6
7
8 3
4
8
2
1
BRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
57575757
310 774 300 36MAR 10 53 35 1MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10 12 41 8MAR 10 12 41MAR 10 12 41MAR 10 12 41MAR 10
7676767651 2515151521 944 336SEP 09 30 22 4DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09
71717171514 660 169 19MAR 09 8 15 3MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09
BRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
118 289 123 68DEC 09 13 22 5MAR 10 16 41 7MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10
119 242 140 60SEP 09 17 34 1DEC 09 21 27 6DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09
163 277 69 21MAR 09 22 31 3MAR 09 18 29 7MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALESGOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
125 510 509 103347MAR 10 19 28 1MAR 10 29 107 18MAR 10125 510 509 103347MAR 10 19 28MAR 10 29 107 18MAR 10
112 476 427 89313DEC 09 DEC 09 23 76 19DEC 09112 476 427 89313DEC 09 DEC 09 23 76 19DEC 0915 21 215 21
172 566 404 68244MAR 09 45 84 17MAR 09172 566 404 68244MAR 09 45 84 17MAR 0933 20 2MAR 09 33 20MAR 09
SUNSHINE COAST UNIT SALES CAIRNS UNIT SALESGLADSTONE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
50 186 169 30118MAR 10 149 112 19MAR 1010 27 3MAR 10
55 169 157 26124DEC 09 132 126 42DEC 095 14 6DEC 09
66 197 151 1573MAR 09 45 84 17MAR 098 10 1MAR 09
71
76
57
514
521
310
660
944
774
169
336
300
19
51
36
MAR 09
SEP 09
MAR 10
BRISBANE CITY UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
163
119
118
277
242
289
69
140
123
21
60
68
MAR 09
SEP 09
DEC 09
BRISBANE SURROUNDS' UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
172
112
125
566
476
510
404
427
509
68
89
103
244
313
347
MAR 09
DEC 09
MAR 10
GOLD COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
66
55
50
197
169
186
151
157
169
15
26
30
73
124
118
MAR 09
DEC 09
MAR 10
SUNSHINE COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
33
15
19
20
21
28
2
2
1
MAR 09
DEC 09
MAR 10
BUNDABERG UNIT SALES<$250,000 <$500,000 $500,000+
45
132
149
84
126
112
17
42
19
MAR 09
DEC 09
MAR 10
CAIRNS UNIT SALES<$250,000 <$500,000 $500,000+
22
17
13
31
34
22
3
1
5
MAR 09
DEC 09
MAR 10
FRASER COAST UNIT SALES<$250,000 <$500,000 $500,000+
8
5
10
10
14
27
1
6
3
MAR 09
DEC 09
MAR 10
GLADSTONE UNIT SALES<$250,000 <$500,000 $500,000+
45
23
29
84
76
107
17
19
18
MAR 09
DEC 09
MAR 10
TOWNSVILLE UNIT SALES<$250,000 <$500,000 $500,000+
18
21
16
29
27
41
7
6
7
MAR 09
DEC 09
MAR 10
MACKAY UNIT SALES<$250,000 <$500,000 $500,000+
8
30
12
15
22
41
3
4
8
MAR 09
DEC 09
MAR 10
ROCKHAMPTON UNIT SALES<$250,000 <$500,000 $500,000+
70
44
53
36
26
35
2
1
MAR 09
DEC 09
MAR 10
TOOWOOMBA UNIT SALES<$250,000 <$500,000 $500,000+
Suburbs/Localities
MarQtr2010NewBonds
MarQtr2009Rent($)
NewBonds
Rent($)Po
stcode
MEDIAN WEEKLY RENTS
ROCKHAMPTON REGIONAL COUNCIL AREA 290 405 280 445
4700 Allenstown/DepotHill/RockhamptonCity/etc. 280 89 275 109
4701 Berserker/ParkAvenue/NormanGardens/etc. 290 159 280 190
4702 Coowonga/KeppelSands/TheCaves/etc. 285 50 290 49
4703 CooeeBay/Rosslyn/Taranganba/Yeppoon/etc. 310 72 310 71
4710 EmuPark/Zilzie 290 19 280 8
4714 MountMorgan 165 13 160 17
ROCKHAMPTON REGIONAL COUNCIL AREA 225 282 220 224
4700 Allenstown/DepotHill/RockhamptonCity/etc. 220 58 230 45
4701 Berserker/ParkAvenue/NormanGardens/etc. 220 168 205 129
4702 Coowonga/KeppelSands/TheCaves/etc. 200 6 200 5
4703 CooeeBay/Rosslyn/Taranganba/Yeppoon/etc. 260 50 250 42
Median house and unit prices Mackay’s residential property market experienced steady demand and price growth over the March quarter, however, since then the market has markedly changed.
For the March quarter, the Mackay median house price decreased 0.4 per cent to $403,000, but was up 3.1 per cent over the year. At the other end of the spectrum, the Mackay median unit and townhouse price increased a very robust 8 per cent over the quarter to $302,000 and was up 6.8 per cent over the year.
While the preliminary number of sales for both houses, and units and townhouses were up on the previous quarter, agents are now reporting a much lower level of demand across the board.
This reduction in enquiry, and consequently sales, is due to higher interest rates and nervousness surrounding the Federal Government’s proposed resources tax predominantly. More than 50 per cent of Mackay’s GDP comes from mining, so the region is heavily exposed to any changes to the resources sector.
Since the tax was announced in early May, the government and industry have been in an almost constant argument about how much tax mining companies pay. The impact on the property market has been pronounced with attendance at open homes having slowed to a dribble. The comparatively high price of property in Mackay also means first home buyers are all but non-existent.
The unit and townhouse market’s robust performance over the March quarter was due to stock becoming available in a number of new developments in Mackay and North Mackay.
Sales of this new stock helped the median unit and townhouse price in these two suburbs increase by 8.9 per cent to $275,000 in Mackay and 12.4 per cent to $286,500 in North Mackay over the March quarter.
1
2
6
2
1
6
5
1
1
7
3
8
1
2
2 9
1
3
1
2
6
2
1
6
5
1
1
4
7
5
1
BUNDABERG LAND SALES
7
3
8
1
2
2
4
5
1
9
1
3
1
2
6
2
1
6
5
1
1
BRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
30 70 61 14MAR 10 84 5 1MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 10 72 6 1MAR 10 72MAR 10 72MAR 10 72MAR 10
98 172 55 19SEP 09 64 2 2DEC 0994 6 1DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 09
60 80 28 10MAR 09 87 1MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 09
BRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
118 289 123 68DEC 09 68 8 2MAR 10 94 9MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10
119 242 140 60SEP 09 49 3 2DEC 09 104 12 3DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09
163 277 69 21MAR 09 76 7 1MAR 09 70 10 1MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST LAND SALES BUNDABERG LAND SALES TOWNSVILLE LAND SALESGOLD COAST LAND SALES TOWNSVILLE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
125 510 509 347MAR 10 66 5MAR 10 79 16 1MAR 10125 510 509 347MAR 10 66MAR 10 79 16MAR 10
112 476 427 313DEC 09 DEC 09 94 21 5DEC 09112 476 427 313DEC 09 DEC 09 94 21DEC 0956 7 156
172 566 404 244MAR 09 86 4MAR 09172 566 404 244MAR 09 86MAR 0945 4MAR 09 45MAR 09
SUNSHINE COAST LAND SALES CAIRNS LAND SALESGLADSTONE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
50 186 169 118MAR 10 71 17 2MAR 1040 7 1MAR 10
55 169 157 124DEC 09 90 18 6DEC 0963 2 1DEC 09
66 197 151 73MAR 09 73 3 2MAR 0921 2MAR 09
60
98
30
80
172
70
28
55
61
10
19
14
MAR 09
SEP 09
MAR 10
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
163
119
118
277
242
289
69
140
123
21
60
68
MAR 09
SEP 09
DEC 09
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
172
112
125
566
476
510
404
427
509
244
313
347
MAR 09
DEC 09
MAR 10
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
66
55
50
197
169
186
151
157
169
73
124
118
MAR 09
DEC 09
MAR 10
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
45
56
66
4
7
5
1
MAR 09
DEC 09
MAR 10
BUNDABERG LAND SALES<$250,000 <$500,000 $500,000+
73
90
71
3
18
17
2
6
2
MAR 09
DEC 09
MAR 10
CAIRNS LAND SALES<$250,000 <$500,000 $500,000+
76
49
68
7
3
8
1
2
2
MAR 09
DEC 09
MAR 10
FRASER COAST LAND SALES<$250,000 <$500,000 $500,000+
21
63
40
2
2
7
1
1
MAR 09
DEC 09
MAR 10
GLADSTONE LAND SALES<$250,000 <$500,000 $500,000+
86
94
79
4
21
16
5
1
MAR 09
DEC 09
MAR 10
TOWNSVILLE LAND SALES<$250,000 <$500,000 $500,000+
70
104
94
10
12
9
1
3
MAR 09
DEC 09
MAR 10
MACKAY LAND SALES<$250,000 <$500,000 $500,000+
87
64
72
1
2
6
2
1
MAR 09
DEC 09
MAR 10
ROCKHAMPTON LAND SALES<$250,000 <$500,000 $500,000+
84
94
84
6
5
1
1
MAR 09
DEC 09
MAR 10
TOOWOOMBA LAND SALES<$250,000 <$500,000 $500,000+
Please see page 36 for legend and further notes
www.reiq.com.auIssue 6 - March Quarter 2010 page 28
MARKETMONITORQ
UE
EN
SLA
ND
MACKAY REGIONAL
3 BEDROOM HOUSES
2 BEDROOM FLATS/UNITS
MEDIAN WEEKLY RENTSSuburbs/Localities
MarQtr2010NewBonds
MarQtr2009Rent($)
NewBonds
Rent($)Po
stcode
UNITS & TOWNHOUSES
HOUSES VACANT URBAN LAND
Suburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
Median land prices The median price of vacant urban land increased a healthy 6.2 per cent to $184,750 over the quarter but fell back 1.7 per cent over the year.
With 103 preliminary sales over the March quarter, there remains a healthy level of supply and demand for vacant urban land in the Mackay region. The most popular suburbs for vacant urban land included Rural View with 21 preliminary sales and a median of $215,000, and Bucasia with 16 sales and a median of $162,000.
Rental market The median rent for a two-bedroom unit remained steady at $280 per week between March 2010 and March last year; while the median rent for a three-bedroom house actually decreased $10 per week to $370 over the same period.
There has even been some reduction in rents in Moranbah, something that has not happened in many a moon.
For the first time in the past two years, the rental market in the Mackay Regional Council area has shown signs of easing demand with current vacancy rates coming in at 3.4 per cent. This easing in demand is evidenced by the falling median rent for a three-bedroom house.
Similar to other regional areas though, tenant enquiry is still at healthy levels with agents reporting two to five applicants per listing. Investor activity has remained steady over the past six months ensuring the area has sufficient rental stock.
MACKAY (LGA) 341 $403,000 -0.4% $395,000 3.1% 61.2%
MACKAY (LGA) ^ 31 $525,000 1.0% $486,500 3.5% 76.9%
ANDERGROVE 47 $395,000 -1.6% $395,000 4.6% 54.9%
BEACONSFIELD 25 $420,000 8.4% $398,000 2.1% 53.1%
BLACKSBEACH 10 $452,500 0.1% $458,750 4.3% 55.5%
BUCASIA 17 $445,000 -1.1% $425,000 9.0% 57.4%
EASTMACKAY~ 11 $400,000 16.1% $366,500 1.8% 45.1%
EIMEO 15 $430,000 5.9% $445,500 7.3% 56.3%
GLENELLA~ 20 $491,500 -11.0% $500,000 6.1% 51.5%
MACKAY 10 $387,500 N/A $352,500 N/A 46.9%
MARIAN~ 11 $440,000 N/A $385,000 -2.8% 161.0%
MOUNTPLEASANT~ 16 $407,500 -14.7% $425,000 7.5% 44.1%
NORTHMACKAY 26 $338,750 -3.9% $332,000 2.2% 62.0%
OORALEA 7 $485,000 N/A $450,000 1.1% 69.8%
RURALVIEW 7 $515,000 9.6% $448,000 5.4% 54.5%
SARINA~ 7 $375,000 17.2% $329,500 11.7% 119.7%
SLADEPOINT~ 11 $372,000 3.6% $351,000 -2.5% 51.0%
SOUTHMACKAY 19 $345,000 -3.8% $350,000 2.9% 62.8%
WALKERSTON~ 15 $460,000 N/A $445,000 15.6% 72.8%
WESTMACKAY~ 28 $380,000 5.6% $357,500 -2.1% 55.4%
MACKAY (LGA) * 64 $302,500 8.0% $300,000 6.8% 75.4%
EASTMACKAY 7 $261,000 N/A $261,000 N/A 98.5%
MACKAY* 10 $275,000 8.9% $275,000 -2.8% 71.9%
NORTHMACKAY* 10 $286,500 12.4% $287,500 N/A 85.5%
SOUTHMACKAY 7 $305,000 N/A $295,000 20.2% 102.1%
MACKAY (LGA) * 103 $184,750 6.2% $176,000 -1.7% 60.0%
MACKAY (LGA) ^ ~ 10 $234,500 -1.3% $252,500 -8.7% 104.0%
BLACKSBEACH* 4 N/A N/A $189,000 0.0% 57.5%
BUCASIA* 16 $162,000 -1.8% $164,500 -2.7% 29.9%
EIMEO~ 3 N/A N/A $184,500 -0.3% 44.7%
GLENELLA 6 $240,500 -0.2% $228,750 4.0% 93.9%
MARIAN* 11 $148,000 -0.7% $148,000 2.1% 79.4%
MIRANI 5 $115,000 N/A N/A N/A N/A
OORALEA* 11 $182,500 0.4% $182,000 N/A 114.1%
RURALVIEW* 21 $215,000 20.1% $192,000 N/A 53.6%
SARINA* 4 N/A N/A $165,000 -5.7% 233.3%
WALKERSTON 4 N/A N/A $169,750 13.2% 73.2%
MACKAY REGIONAL COUNCIL AREA 370 325 380 352
4737 Sarina/SarinaBeach/ArmstrongBeach 350 34 350 32
4740 Andergrove/Beaconsfield/Mackay/Ooralea/etc. 375 249 380 271
4741 BallBay/Eton/Farleigh/Pleystowe/Seaforth/etc. 330 8 290 10
4750 Bucasia/ShoalPoint 420 16 400 18
MACKAY REGIONAL COUNCIL AREA 280 270 280 270
4737 Sarina/SarinaBeach/ArmstrongBeach 210 18 225 16
4740 Andergrove/Beaconsfield/Mackay/Ooralea/etc. 285 231 290 239
4750 Bucasia/ShoalPoint 260 10 270 5
4751 Greenmount/Palmyra/VictoriaPlains/Walkerston 250 6 n.a. 4
www.reiq.com.auIssue 6 - March Quarter 2010 page 29
MARKETMONITORQ
UE
EN
SLA
ND
TOWNSVILLE REGIONAL
99
3
BRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+
147 157 334147 157 334147 157 334147 157 334 2022022022021045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 10
136 352136 352136 352136 352 159159159159254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09
44444444 225463 225463 225463 225463
251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09
BRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALES
<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+
18 7418 7418 74993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10
20 8620 8620 86935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09
9 8787871534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 09
INCLUDESINCLUDESINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALESGOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+
18 7518 75
531 531MAR 10 MAR 10 195 263 60MAR 10531 531MAR 10 MAR 10 195 263 60MAR 10210 71 16210 71 16
33 5233 52
483 511DEC 09 190 255 97DEC 09483 511DEC 09 190 255 97DEC 09180 61 13DEC 09 180 61 13DEC 09
48 4448 44MAR 09 248 249 32MAR 09MAR 09 248 249 32MAR 09681 344 256 51 3MAR 09681 344 256 51MAR 09
SUNSHINE COAST HOUSE SALES CAIRNS HOUSE SALESGLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+
59 51
469 351MAR 10 144 190 52MAR 1058 91 26MAR 10
44 36
409 298DEC 09 164 184 66DEC 0980 67 21DEC 09
111 29
457 240MAR 09 202 187 45MAR 0953 86 4MAR 09
251
254
147
1273
1358
1045
927
1409
1557
44
136
157
MAR 09
SEP 09
MAR 10
BRISBANE CITY HOUSE SALES<$350,000 <$500,000 <$1m $1m+
1534
935
993
1511
1278
1373
344
490
541
9
20
18
MAR 09
DEC 09
MAR 10
BRISBANE SURROUNDS' HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
48
33
18
681
483
531
344
511
531
44
52
75
MAR 09
DEC 09
MAR 10
GOLD COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
111
44
59
457
409
469
240
298
351
29
36
51
MAR 09
DEC 09
MAR 10
SUNSHINE COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
256
180
210
51
61
71
3
13
16
MAR 09
DEC 09
MAR 10
BUNDABERG HOUSE SALES<$350,000 <$500,000 $500,000+
202
164
144
187
184
190
45
66
52
MAR 09
DEC 09
MAR 10
CAIRNS HOUSE SALES<$350,000 <$500,000 $500,000+
251
198
221
59
92
93
10
20
14
MAR 09
DEC 09
MAR 10
FRASER COAST HOUSESALES<$350,000 <$500,000 $500,000+
53
80
58
86
67
91
4
21
26
MAR 09
DEC 09
MAR 10
GLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+
248
190
195
249
255
263
32
97
60
MAR 09
DEC 09
MAR 10
TOWNSVILLE HOUSE SALES<$350,000 <$500,000 $500,000+
87
86
74
164
167
211
34
66
56
MAR 09
DEC 09
MAR 10
MACKAY HOUSE SALES<$350,000 <$500,000 $500,000+
225
159
202
88
96
89
25
32
36
MAR 09
DEC 09
MAR 10
ROCKHAMPTON HOUSE SALES<$350,000 <$500,000 $500,000+
463
352
334
116
116
116
20
47
39
MAR 09
DEC 09
MAR 10
TOOWOOMBA HOUSE SALES<$350,000 <$500,000 $500,000+
8 3
4
8
2
1
3
1
5
7
6
7
8 3
4
8
2
1
2
2
1
3
1
5
7
6
7
8 3
4
8
2
1
BRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
57575757
310 774 300 36MAR 10 53 35 1MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10 12 41 8MAR 10 12 41MAR 10 12 41MAR 10 12 41MAR 10
7676767651 2515151521 944 336SEP 09 30 22 4DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09
71717171514 660 169 19MAR 09 8 15 3MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09
BRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
118 289 123 68DEC 09 13 22 5MAR 10 16 41 7MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10
119 242 140 60SEP 09 17 34 1DEC 09 21 27 6DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09
163 277 69 21MAR 09 22 31 3MAR 09 18 29 7MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALESGOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
125 510 509 103347MAR 10 19 28 1MAR 10 29 107 18MAR 10125 510 509 103347MAR 10 19 28MAR 10 29 107 18MAR 10
112 476 427 89313DEC 09 DEC 09 23 76 19DEC 09112 476 427 89313DEC 09 DEC 09 23 76 19DEC 0915 21 215 21
172 566 404 68244MAR 09 45 84 17MAR 09172 566 404 68244MAR 09 45 84 17MAR 0933 20 2MAR 09 33 20MAR 09
SUNSHINE COAST UNIT SALES CAIRNS UNIT SALESGLADSTONE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
50 186 169 30118MAR 10 149 112 19MAR 1010 27 3MAR 10
55 169 157 26124DEC 09 132 126 42DEC 095 14 6DEC 09
66 197 151 1573MAR 09 45 84 17MAR 098 10 1MAR 09
71
76
57
514
521
310
660
944
774
169
336
300
19
51
36
MAR 09
SEP 09
MAR 10
BRISBANE CITY UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
163
119
118
277
242
289
69
140
123
21
60
68
MAR 09
SEP 09
DEC 09
BRISBANE SURROUNDS' UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
172
112
125
566
476
510
404
427
509
68
89
103
244
313
347
MAR 09
DEC 09
MAR 10
GOLD COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
66
55
50
197
169
186
151
157
169
15
26
30
73
124
118
MAR 09
DEC 09
MAR 10
SUNSHINE COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
33
15
19
20
21
28
2
2
1
MAR 09
DEC 09
MAR 10
BUNDABERG UNIT SALES<$250,000 <$500,000 $500,000+
45
132
149
84
126
112
17
42
19
MAR 09
DEC 09
MAR 10
CAIRNS UNIT SALES<$250,000 <$500,000 $500,000+
22
17
13
31
34
22
3
1
5
MAR 09
DEC 09
MAR 10
FRASER COAST UNIT SALES<$250,000 <$500,000 $500,000+
8
5
10
10
14
27
1
6
3
MAR 09
DEC 09
MAR 10
GLADSTONE UNIT SALES<$250,000 <$500,000 $500,000+
45
23
29
84
76
107
17
19
18
MAR 09
DEC 09
MAR 10
TOWNSVILLE UNIT SALES<$250,000 <$500,000 $500,000+
18
21
16
29
27
41
7
6
7
MAR 09
DEC 09
MAR 10
MACKAY UNIT SALES<$250,000 <$500,000 $500,000+
8
30
12
15
22
41
3
4
8
MAR 09
DEC 09
MAR 10
ROCKHAMPTON UNIT SALES<$250,000 <$500,000 $500,000+
70
44
53
36
26
35
2
1
MAR 09
DEC 09
MAR 10
TOOWOOMBA UNIT SALES<$250,000 <$500,000 $500,000+
1
2
6
2
1
6
5
1
1
7
3
8
1
2
2 9
1
3
1
2
6
2
1
6
5
1
1
4
7
5
1
BUNDABERG LAND SALES
7
3
8
1
2
2
4
5
1
9
1
3
1
2
6
2
1
6
5
1
1
BRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
30 70 61 14MAR 10 84 5 1MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 10 72 6 1MAR 10 72MAR 10 72MAR 10 72MAR 10
98 172 55 19SEP 09 64 2 2DEC 0994 6 1DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 09
60 80 28 10MAR 09 87 1MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 09
BRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
118 289 123 68DEC 09 68 8 2MAR 10 94 9MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10
119 242 140 60SEP 09 49 3 2DEC 09 104 12 3DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09
163 277 69 21MAR 09 76 7 1MAR 09 70 10 1MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST LAND SALES BUNDABERG LAND SALES TOWNSVILLE LAND SALESGOLD COAST LAND SALES TOWNSVILLE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
125 510 509 347MAR 10 66 5MAR 10 79 16 1MAR 10125 510 509 347MAR 10 66MAR 10 79 16MAR 10
112 476 427 313DEC 09 DEC 09 94 21 5DEC 09112 476 427 313DEC 09 DEC 09 94 21DEC 0956 7 156
172 566 404 244MAR 09 86 4MAR 09172 566 404 244MAR 09 86MAR 0945 4MAR 09 45MAR 09
SUNSHINE COAST LAND SALES CAIRNS LAND SALESGLADSTONE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
50 186 169 118MAR 10 71 17 2MAR 1040 7 1MAR 10
55 169 157 124DEC 09 90 18 6DEC 0963 2 1DEC 09
66 197 151 73MAR 09 73 3 2MAR 0921 2MAR 09
60
98
30
80
172
70
28
55
61
10
19
14
MAR 09
SEP 09
MAR 10
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
163
119
118
277
242
289
69
140
123
21
60
68
MAR 09
SEP 09
DEC 09
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
172
112
125
566
476
510
404
427
509
244
313
347
MAR 09
DEC 09
MAR 10
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
66
55
50
197
169
186
151
157
169
73
124
118
MAR 09
DEC 09
MAR 10
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
45
56
66
4
7
5
1
MAR 09
DEC 09
MAR 10
BUNDABERG LAND SALES<$250,000 <$500,000 $500,000+
73
90
71
3
18
17
2
6
2
MAR 09
DEC 09
MAR 10
CAIRNS LAND SALES<$250,000 <$500,000 $500,000+
76
49
68
7
3
8
1
2
2
MAR 09
DEC 09
MAR 10
FRASER COAST LAND SALES<$250,000 <$500,000 $500,000+
21
63
40
2
2
7
1
1
MAR 09
DEC 09
MAR 10
GLADSTONE LAND SALES<$250,000 <$500,000 $500,000+
86
94
79
4
21
16
5
1
MAR 09
DEC 09
MAR 10
TOWNSVILLE LAND SALES<$250,000 <$500,000 $500,000+
70
104
94
10
12
9
1
3
MAR 09
DEC 09
MAR 10
MACKAY LAND SALES<$250,000 <$500,000 $500,000+
87
64
72
1
2
6
2
1
MAR 09
DEC 09
MAR 10
ROCKHAMPTON LAND SALES<$250,000 <$500,000 $500,000+
84
94
84
6
5
1
1
MAR 09
DEC 09
MAR 10
TOOWOOMBA LAND SALES<$250,000 <$500,000 $500,000+
Median house and unit prices Over the March quarter, Townsville experienced a slight decrease in its median house price dropping 2.6 per cent to $375,000. For the year ending March 2010 however, the region had a 3.2 per cent increase.
REIQ agents are reporting that listings are priced to meet the current market with those homes around the $300,000 mark selling quickly.
Although a distinct lack of first-time buyers, there is hope and positivity surrounding the new government incentive of $4,000 for first-timers building a house in a regional area, as well as the cruise ship terminal at the Port of Townsville. The new dedicated wharf and purpose-built passenger hall are part of a billion-dollar redevelopment of the city's Western Breakwater area adjacent to the existing casino and entertainment centre.
Steady performers over the March quarter were Douglas with a median house price increase of 9.1 per cent to $457,500, and Gulliver, up 6.8 per cent to $315,000.
The most popular suburbs to purchase houses were Kirwan and Mount Louisa, collectively accounting for 106 preliminary sales over the quarter – more than 20 per cent of the total number of sales for the region.
The unit and townhouse market increased 2.2 per cent on last quarter’s median price to $320,500, and 7.7 per cent on over the year.
Although positive growth was achieved, REIQ agents reported a lack of activity and oversupply in the unit and townhouse market for the March quarter.
North Ward experienced a mixed bag of results recording the highest number of sales at 29 in the Townsville local government area, yet dropped its median price 24.9 per cent. This can be attributed to the varying quality of stock, including some units with river views, during the December quarter.
Median land prices The median price of vacant urban land recorded a minimal decrease of 0.3 per cent, or $550, to $164,450 over the quarter and went back 1.8 per cent over the year.
The slight change in data from this segment of the market is indicative of the scarcity of first home buyers, who were more active throughout the December quarter.
The March quarter was also a reasonably wet season which could have restricted, and had an effect on, the number of sales.
The majority of vacant urban land came from Bushland Beach and Mount Low equating for a total of 28 sales.
Rental market The median rent for a three-bedroom house in Townsville has remained unchanged, since March 2009, at $330 per week. The number of new bonds decreased slightly over the 12-month period. The median rent for a two-bedroom unit decreased $10 per week to $270 over the same period.
Vacancy rates for the Townsville City region had eased to 3 per cent, up from 2.7 per cent reported at the end of September last year. As at the end of March, REIQ agents reported varying degrees of investor activity as well as some landlords holding off on increasing the asking rent in order to secure tenants. All agents however are reporting that tenant enquiry is steady with up to five applicants per rental listing.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 6 - March Quarter 2010 page 30
MARKETMONITORQ
UE
EN
SLA
ND
TOWNSVILLE CITY
HOUSES
3 BEDROOM HOUSES
2 BEDROOM FLATS/UNITS
MEDIAN WEEKLY RENTSSuburbs/Localities
MarQtr2010NewBonds
MarQtr2009Rent($)
NewBonds
Rent($)Postcode
VACANT URBAN LAND
UNITS & TOWNHOUSES
Suburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
TOWNSVILLE CITY (LGA) 518 $375,000 -2.6% $370,000 3.2% 61.6%
TOWNSVILLE CITY (LGA) ^ 46 $462,500 1.9% $432,250 2.9% 71.5%
AITKENVALE~ 16 $347,500 -11.1% $335,000 1.5% 59.5%
ALICERIVER^~ 9 $575,000 13.9% $475,000 -2.3% 62.4%
ANNANDALE~ 33 $440,000 -7.4% $455,000 7.6% 45.1%
BELGIANGARDENS 1 N/A N/A $510,000 N/A 54.8%
BLUEWATERPARK^ 7 $370,000 N/A $410,000 0.4% 76.3%
BOHLEPLAINS* 11 $470,000 1.1% $455,000 4.4% N/A
BURDELL 5 N/A N/A $379,500 7.2% N/A
BUSHLANDBEACH 20 $458,000 6.5% $425,000 1.2% 52.3%
CONDON 18 $371,000 9.8% $330,000 2.2% 53.5%
CRANBROOK 20 $337,500 -1.2% $329,500 3.0% 64.8%
CURRAJONG 10 $352,500 9.0% $323,000 8.0% 68.2%
DEERAGUN* 13 $340,000 -4.3% $335,500 2.3% 97.4%
DOUGLAS 31 $457,500 9.1% $410,000 1.2% 45.1%
GULLIVER 14 $315,000 6.8% $300,000 0.3% 70.5%
HEATLEY~ 12 $300,000 3.8% $300,000 -2.1% 62.2%
HERMITPARK 13 $400,000 N/A $387,000 3.4% 53.0%
HYDEPARK 4 N/A N/A $362,000 N/A 81.0%
IDALIA~ 10 $481,250 -7.5% $491,000 10.3% 55.9%
KELSO 31 $310,000 -3.1% $321,000 0.3% 79.1%
KELSO^ 4 N/A N/A $455,000 7.1% 71.7%
KIRWAN 62 $390,000 1.3% $380,000 4.7% 55.1%
MOUNTLOUISA 44 $404,000 4.9% $395,000 1.3% 71.4%
MOUNTLOW^~ 5 $530,000 40.9% $425,000 N/A 73.5%
MUNDINGBURRA 14 $366,000 -1.7% $372,500 2.4% 53.3%
NORTHWARD~ 10 $634,000 18.5% $547,000 -5.7% 30.2%
PIMLICO~ 12 $325,000 N/A $335,000 -2.9% 39.6%
RAILWAYESTATE~ 8 $365,000 3.5% $338,500 -6.0% 48.5%
RASMUSSEN~ 15 $310,000 -1.4% $300,000 -2.0% 61.3%
SOUTHTOWNSVILLE~ 6 N/A N/A $365,000 8.3% 48.4%
THURINGOWACENTRAL 4 N/A N/A $336,500 2.0% 45.7%
VINCENT 9 $300,000 N/A $301,600 0.5% 67.3%
WESTEND~ 15 $375,000 -13.2% $380,000 6.4% 65.2%
WULGURU 16 $331,500 2.0% $323,500 2.7% 70.3%
TOWNSVILLE CITY (LGA) 154 $320,500 2.2% $320,000 7.7% 66.8%
DOUGLAS 11 $312,000 -1.3% $312,000 N/A 9.0%
HERMITPARK 5 N/A N/A $230,000 0.0% 53.3%
KIRWAN* 12 $319,500 N/A $297,000 0.7% 60.5%
NELLYBAY*f 8 $287,000 N/A $420,000 23.5% -11.6%
NORTHWARD*f 29 $340,000 -24.9% $367,500 5.0% 79.3%
PIMLICO 8 $259,000 N/A $258,000 -0.8% 61.3%
ROSSLEA~f 14 $355,000 -4.1% $332,000 23.9% 105.6%
SOUTHTOWNSVILLE 5 N/A N/A $350,000 N/A N/A
TOWNSVILLECITY*f~ 8 $380,000 -41.2% $479,500 -3.1% 42.3%
WESTEND* 19 $321,000 -12.1% $325,000 27.5% 103.1%
TOWNSVILLE CITY (LGA) * 96 $164,450 -0.3% $162,000 -1.8% 70.5%
TOWNSVILLE CITY (LGA) ^ * ~ 16 $208,500 -3.0% $207,000 -12.7% 155.6%
ALICERIVER^* 3 N/A N/A $205,000 N/A 192.9%
BOHLEPLAINS* 5 $164,000 -11.4% $166,500 -2.9% N/A
BURDELL* 1 N/A N/A $179,500 -0.1% N/A
BUSHLANDBEACH* 14 $146,000 -9.9% $149,000 -5.1% 65.6%
DEERAGUN* 3 N/A N/A $150,000 17.2% 150.4%
DOUGLAS 8 $187,500 -8.8% $190,000 -4.0% 65.4%
IDALIA* 5 $264,000 -0.4% $255,000 4.1% 99.2%
KELSO* 2 N/A N/A $143,000 -4.6% 90.7%
MOUNTLOUISA* 11 $175,000 5.1% $168,000 5.0% 60.0%
MOUNTLOW* 14 $163,500 2.8% $159,000 -17.0% N/A
RASMUSSEN* 10 $132,500 -13.7% $145,000 N/A 137.8%
TOWNSVILLE CITY COUNCIL AREA 330 693 330 714
4810 BelgianGardens/CastleHill/TownsvilleCity/etc. 350 55 340 69
4811 Cluden/Idalia/OakValley/Stuart/Wulguru/etc. 340 31 330 28
4812 Currajong/Gulliver/Mundingburra/Rosslea/etc. 321 72 330 76
4814 Aitkenvale/Cranbrook/Douglas/MtLouisa/etc. 330 216 340 245
4815 Condon/Kelso/Pinnacles/Rasmussen/etc. 310 117 320 100
4816 BalgalBeach/Paluma/Rollingstone/etc. 270 16 290 15
4817 AliceRiver/Kirwan/ThuringowaCentral/etc. 350 131 340 126
4818 BlackRiver/BushlandBch/Deeragun/MtLow/etc. 320 43 320 39
4819 HorseshoeBay/NellyBay/PicnicBay/etc. 265 12 270 16
TOWNSVILLE CITY COUNCIL AREA 270 822 280 718
4810 BelgianGardens/CastleHill/TownsvilleCity/etc. 300 421 300 329
4811 Cluden/Idalia/OakValley/Stuart/Wulguru/etc. 330 45 320 56
4812 Currajong/Gulliver/Mundingburra/Rosslea/etc. 250 210 250 203
4814 Aitkenvale/Cranbrook/Douglas/MtLouisa/etc. 260 84 260 64
4815 Condon/Kelso/Pinnacles/Rasmussen/etc. 250 12 240 17
4817 AliceRiver/Kirwan/ThuringowaCentral/etc. 270 34 285 34
4818 BlackRiver/BushlandBch/Deeragun/MtLow/etc. 250 6 n.a. 3
4819 HorseshoeBay/NellyBay/PicnicBay/etc. 210 10 230 12
www.reiq.com.auIssue 6 - March Quarter 2010 page 31
MARKETMONITORQ
UE
EN
SLA
ND
CAIRNS REGIONAL
99
3
BRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+
147 157 334147 157 334147 157 334147 157 334 2022022022021045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 10
136 352136 352136 352136 352 159159159159254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09
44444444 225463 225463 225463 225463
251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09
BRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALES
<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+
18 7418 7418 74993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10
20 8620 8620 86935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09
9 8787871534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 09
INCLUDESINCLUDESINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALESGOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+
18 7518 75
531 531MAR 10 MAR 10 195 263 60MAR 10531 531MAR 10 MAR 10 195 263 60MAR 10210 71 16210 71 16
33 5233 52
483 511DEC 09 190 255 97DEC 09483 511DEC 09 190 255 97DEC 09180 61 13DEC 09 180 61 13DEC 09
48 4448 44MAR 09 248 249 32MAR 09MAR 09 248 249 32MAR 09681 344 256 51 3MAR 09681 344 256 51MAR 09
SUNSHINE COAST HOUSE SALES CAIRNS HOUSE SALESGLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+
59 51
469 351MAR 10 144 190 52MAR 1058 91 26MAR 10
44 36
409 298DEC 09 164 184 66DEC 0980 67 21DEC 09
111 29
457 240MAR 09 202 187 45MAR 0953 86 4MAR 09
251
254
147
1273
1358
1045
927
1409
1557
44
136
157
MAR 09
SEP 09
MAR 10
BRISBANE CITY HOUSE SALES<$350,000 <$500,000 <$1m $1m+
1534
935
993
1511
1278
1373
344
490
541
9
20
18
MAR 09
DEC 09
MAR 10
BRISBANE SURROUNDS' HOUSE SALES
<$350,000 <$500,000 <$1m $1m+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
48
33
18
681
483
531
344
511
531
44
52
75
MAR 09
DEC 09
MAR 10
GOLD COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
111
44
59
457
409
469
240
298
351
29
36
51
MAR 09
DEC 09
MAR 10
SUNSHINE COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+
256
180
210
51
61
71
3
13
16
MAR 09
DEC 09
MAR 10
BUNDABERG HOUSE SALES<$350,000 <$500,000 $500,000+
202
164
144
187
184
190
45
66
52
MAR 09
DEC 09
MAR 10
CAIRNS HOUSE SALES<$350,000 <$500,000 $500,000+
251
198
221
59
92
93
10
20
14
MAR 09
DEC 09
MAR 10
FRASER COAST HOUSESALES<$350,000 <$500,000 $500,000+
53
80
58
86
67
91
4
21
26
MAR 09
DEC 09
MAR 10
GLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+
248
190
195
249
255
263
32
97
60
MAR 09
DEC 09
MAR 10
TOWNSVILLE HOUSE SALES<$350,000 <$500,000 $500,000+
87
86
74
164
167
211
34
66
56
MAR 09
DEC 09
MAR 10
MACKAY HOUSE SALES<$350,000 <$500,000 $500,000+
225
159
202
88
96
89
25
32
36
MAR 09
DEC 09
MAR 10
ROCKHAMPTON HOUSE SALES<$350,000 <$500,000 $500,000+
463
352
334
116
116
116
20
47
39
MAR 09
DEC 09
MAR 10
TOOWOOMBA HOUSE SALES<$350,000 <$500,000 $500,000+
8 3
4
8
2
1
3
1
5
7
6
7
8 3
4
8
2
1
2
2
1
3
1
5
7
6
7
8 3
4
8
2
1
BRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
57575757
310 774 300 36MAR 10 53 35 1MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10 12 41 8MAR 10 12 41MAR 10 12 41MAR 10 12 41MAR 10
7676767651 2515151521 944 336SEP 09 30 22 4DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09
71717171514 660 169 19MAR 09 8 15 3MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09
BRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
118 289 123 68DEC 09 13 22 5MAR 10 16 41 7MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10
119 242 140 60SEP 09 17 34 1DEC 09 21 27 6DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09
163 277 69 21MAR 09 22 31 3MAR 09 18 29 7MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALESGOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
125 510 509 103347MAR 10 19 28 1MAR 10 29 107 18MAR 10125 510 509 103347MAR 10 19 28MAR 10 29 107 18MAR 10
112 476 427 89313DEC 09 DEC 09 23 76 19DEC 09112 476 427 89313DEC 09 DEC 09 23 76 19DEC 0915 21 215 21
172 566 404 68244MAR 09 45 84 17MAR 09172 566 404 68244MAR 09 45 84 17MAR 0933 20 2MAR 09 33 20MAR 09
SUNSHINE COAST UNIT SALES CAIRNS UNIT SALESGLADSTONE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
50 186 169 30118MAR 10 149 112 19MAR 1010 27 3MAR 10
55 169 157 26124DEC 09 132 126 42DEC 095 14 6DEC 09
66 197 151 1573MAR 09 45 84 17MAR 098 10 1MAR 09
71
76
57
514
521
310
660
944
774
169
336
300
19
51
36
MAR 09
SEP 09
MAR 10
BRISBANE CITY UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
163
119
118
277
242
289
69
140
123
21
60
68
MAR 09
SEP 09
DEC 09
BRISBANE SURROUNDS' UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
172
112
125
566
476
510
404
427
509
68
89
103
244
313
347
MAR 09
DEC 09
MAR 10
GOLD COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
66
55
50
197
169
186
151
157
169
15
26
30
73
124
118
MAR 09
DEC 09
MAR 10
SUNSHINE COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+
33
15
19
20
21
28
2
2
1
MAR 09
DEC 09
MAR 10
BUNDABERG UNIT SALES<$250,000 <$500,000 $500,000+
45
132
149
84
126
112
17
42
19
MAR 09
DEC 09
MAR 10
CAIRNS UNIT SALES<$250,000 <$500,000 $500,000+
22
17
13
31
34
22
3
1
5
MAR 09
DEC 09
MAR 10
FRASER COAST UNIT SALES<$250,000 <$500,000 $500,000+
8
5
10
10
14
27
1
6
3
MAR 09
DEC 09
MAR 10
GLADSTONE UNIT SALES<$250,000 <$500,000 $500,000+
45
23
29
84
76
107
17
19
18
MAR 09
DEC 09
MAR 10
TOWNSVILLE UNIT SALES<$250,000 <$500,000 $500,000+
18
21
16
29
27
41
7
6
7
MAR 09
DEC 09
MAR 10
MACKAY UNIT SALES<$250,000 <$500,000 $500,000+
8
30
12
15
22
41
3
4
8
MAR 09
DEC 09
MAR 10
ROCKHAMPTON UNIT SALES<$250,000 <$500,000 $500,000+
70
44
53
36
26
35
2
1
MAR 09
DEC 09
MAR 10
TOOWOOMBA UNIT SALES<$250,000 <$500,000 $500,000+
1
2
6
2
1
6
5
1
1
7
3
8
1
2
2 9
1
3
1
2
6
2
1
6
5
1
1
4
7
5
1
BUNDABERG LAND SALES
7
3
8
1
2
2
4
5
1
9
1
3
1
2
6
2
1
6
5
1
1
BRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
30 70 61 14MAR 10 84 5 1MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 10 72 6 1MAR 10 72MAR 10 72MAR 10 72MAR 10
98 172 55 19SEP 09 64 2 2DEC 0994 6 1DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 09
60 80 28 10MAR 09 87 1MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 09
BRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
118 289 123 68DEC 09 68 8 2MAR 10 94 9MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10
119 242 140 60SEP 09 49 3 2DEC 09 104 12 3DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09
163 277 69 21MAR 09 76 7 1MAR 09 70 10 1MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
GOLD COAST LAND SALES BUNDABERG LAND SALES TOWNSVILLE LAND SALESGOLD COAST LAND SALES TOWNSVILLE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+
125 510 509 347MAR 10 66 5MAR 10 79 16 1MAR 10125 510 509 347MAR 10 66MAR 10 79 16MAR 10
112 476 427 313DEC 09 DEC 09 94 21 5DEC 09112 476 427 313DEC 09 DEC 09 94 21DEC 0956 7 156
172 566 404 244MAR 09 86 4MAR 09172 566 404 244MAR 09 86MAR 0945 4MAR 09 45MAR 09
SUNSHINE COAST LAND SALES CAIRNS LAND SALESGLADSTONE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+
50 186 169 118MAR 10 71 17 2MAR 1040 7 1MAR 10
55 169 157 124DEC 09 90 18 6DEC 0963 2 1DEC 09
66 197 151 73MAR 09 73 3 2MAR 0921 2MAR 09
60
98
30
80
172
70
28
55
61
10
19
14
MAR 09
SEP 09
MAR 10
BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
163
119
118
277
242
289
69
140
123
21
60
68
MAR 09
SEP 09
DEC 09
BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
172
112
125
566
476
510
404
427
509
244
313
347
MAR 09
DEC 09
MAR 10
GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
66
55
50
197
169
186
151
157
169
73
124
118
MAR 09
DEC 09
MAR 10
SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+
45
56
66
4
7
5
1
MAR 09
DEC 09
MAR 10
BUNDABERG LAND SALES<$250,000 <$500,000 $500,000+
73
90
71
3
18
17
2
6
2
MAR 09
DEC 09
MAR 10
CAIRNS LAND SALES<$250,000 <$500,000 $500,000+
76
49
68
7
3
8
1
2
2
MAR 09
DEC 09
MAR 10
FRASER COAST LAND SALES<$250,000 <$500,000 $500,000+
21
63
40
2
2
7
1
1
MAR 09
DEC 09
MAR 10
GLADSTONE LAND SALES<$250,000 <$500,000 $500,000+
86
94
79
4
21
16
5
1
MAR 09
DEC 09
MAR 10
TOWNSVILLE LAND SALES<$250,000 <$500,000 $500,000+
70
104
94
10
12
9
1
3
MAR 09
DEC 09
MAR 10
MACKAY LAND SALES<$250,000 <$500,000 $500,000+
87
64
72
1
2
6
2
1
MAR 09
DEC 09
MAR 10
ROCKHAMPTON LAND SALES<$250,000 <$500,000 $500,000+
84
94
84
6
5
1
1
MAR 09
DEC 09
MAR 10
TOOWOOMBA LAND SALES<$250,000 <$500,000 $500,000+
Median house and unit prices With an evident lack of first home buyers, the Cairns housing market over the March quarter slowed. The four interest rate hikes since late last year started to have an impact on the Cairns market during the quarter with minimal activity reported.
The median house price in Cairns dipped 0.7 per cent to $370,000 over the March quarter, however increased 1.4 per cent for the year.
Agents are hoping the Papua New Guinea to Queensland Gas Pipeline Project will move jobs and prospective buyers to Cairns to lift the property market.
Although a decrease in sales numbers from the previous quarter, the Cairns local government area managed an 8.8 per cent increase over the year ending March 2010.
Over the March quarter, Edmonton had a median house price increase of 6.1 per cent to $350,000 representing value for money - which is pleasing news for the southern suburbs.
Other steady performers over the March quarter were Brinsmead up 5.4 per cent to $410,000, and Clifton Beach, up 2 per cent to $500,000.
The unit and townhouse market also took a hit with a 9.1 per cent decrease over the March quarter, to $241,000 which could be attributed to the lack of first-time buyers who were once driving this market. Investors were also a little light on throughout the quarter.
With such a decrease to Cairns’ median unit and townhouse price, it was promising to see a 9.9 per cent increase at Manoora to $213,000.
Median land prices The median price of vacant urban land in Cairns decreased 0.7 per cent to $173,750 during the March quarter. The preliminary sales numbers for the quarter were also down slightly; however, an impressive 42.4 per cent increase was achieved over the past 12 months. Over the year, there were a number of land subdivision sales across the region – namely, Bentley Park, Mount Sheridan, Redlynch and Trinity Beach.
Although only six vacant urban land sales were recorded, Palm Cove was the strongest median price performer reaching an increase of 45.7 per cent to $255,000. This was mainly due to the developed beachfront land for sale.
Rental market The median rent for a two-bedroom unit remained static at $250 per week between March 2010 and March last year. The median rent for a three-bedroom house also remained the same at $300 per week compared the previous 12 months.
According to reports from REIQ accredited agencies in the Cairns region, the rental market in the Far North has slowed in recent months. This is reflected in the vacancy rate, sitting at 5.2 per cent at the end of March this year.
This is up from 3.9 per cent in September 2009. Many agents suggest this easing in demand is largely a result of people leaving the area due to fewer employment opportunities. Landlords are also being wise and keeping rents steady, if not lowering them, in order to secure good tenants.
Please see page 36 for legend and further notes
www.reiq.com.auIssue 6 - March Quarter 2010 page 32
MARKETMONITORQ
UE
EN
SLA
ND
CAIRNS REGIONAL
HOUSES
2 BEDROOM FLATS/UNITS
VACANT URBAN LAND
UNITS & TOWNHOUSES
Suburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
3 BEDROOM HOUSES
Suburbs/Localities
MarQtr2010NewBonds
MarQtr2009Rent($)
NewBonds
Rent($)Postcode
MEDIAN WEEKLY RENTS
CAIRNS (LGA) 386 $370,000 -0.7% $365,000 1.4% 40.4%
CAIRNS (LGA) ^ 16 $530,000 -2.9% $564,000 -2.8% 37.6%
BAYVIEWHEIGHTS 12 $378,000 N/A $362,054 3.0% 36.6%
BENTLEYPARK~ 21 $335,000 -3.6% $334,500 -5.4% 33.8%
BRINSMEAD 15 $410,000 5.4% $405,000 -0.7% 32.8%
BUNGALOW 5 N/A N/A $312,500 7.8% 53.2%
CARAVONICA 4 N/A N/A $339,000 -0.3% 38.9%
CLIFTONBEACH 13 $500,000 2.0% $485,000 N/A 22.8%
EARLVILLE 6 N/A N/A $345,500 8.0% 45.6%
EDGEHILL~ 11 $500,000 11.1% $427,500 0.6% 39.0%
EDMONTON 37 $350,000 6.1% $335,000 0.3% 48.9%
FRESHWATER 6 N/A N/A $455,000 N/A 31.1%
GORDONVALE~ 12 $306,500 -5.8% $303,000 -0.2% 62.7%
HOLLOWAYSBEACH 6 N/A N/A $382,500 7.5% 39.1%
KANIMBLA 13 $452,000 -3.8% $465,000 11.8% 31.8%
KEWARRABEACHf~ 21 $390,000 -7.1% $410,000 2.5% 42.9%
MANOORA 3 N/A N/A $300,000 0.2% 50.0%
MANUNDA~* 8 $340,000 13.8% $330,000 N/A 50.3%
MOOROOBOOL~ 19 $340,000 -4.5% $340,000 6.3% 38.8%
MOUNTSHERIDAN 39 $350,000 -1.3% $340,000 1.8% 35.5%
PALMCOVE*~ 3 N/A N/A $549,500 N/A N/A
PARRAMATTAPARK~ 5 N/A N/A $410,000 15.2% 43.9%
PORTDOUGLAS 4 N/A N/A $482,500 N/A -11.1%
REDLYNCH~* 22 $410,500 -10.9% $415,000 -1.1% 37.9%
SMITHFIELD~* 14 $371,000 -11.7% $378,000 -2.3% 54.3%
TRINITYBEACH~* 10 $385,000 2.7% $400,000 -4.2% 40.4%
TRINITYPARK~ 13 $379,000 1.1% $375,000 -5.4% 50.0%
WESTCOURT 6 N/A N/A $320,000 N/A 36.2%
WHITEROCK~ 14 $281,750 -12.0% $275,750 -10.2% 49.1%
WHITFIELD~ 11 $382,900 -20.4% $450,000 12.7% 43.3%
WOREE 7 $350,000 -2.8% $320,500 11.5% 54.1%
CAIRNS (LGA) 280 $241,000 -9.1% $260,000 4.4% 39.8%
BUNGALOW~ 2 N/A N/A $194,000 -12.6% 61.7%
CAIRNSCITY~f 36 $362,500 -17.1% $415,000 19.4% 23.9%
CAIRNSNORTH*f 33 $263,000 -23.2% $295,000 7.7% 31.1%
CLIFTONBEACH*f 6 N/A N/A $305,000 -6.2% N/A
EDGEHILL~ 4 N/A N/A $195,000 -8.0% 71.1%
FRESHWATER 6 N/A N/A $260,500 0.2% 40.8%
KEWARRABEACH* 9 $315,000 N/A $315,000 -25.0% 12.6%
MANOORA~ 23 $213,000 9.9% $199,000 -0.5% 42.1%
MANUNDA* 18 $210,750 24.0% $195,000 11.4% 71.1%
MOOROOBOOL~* 8 $215,000 12.0% $225,000 -16.7% 50.0%
PALMCOVE~*f 10 $245,000 -38.8% $362,500 -5.2% -12.7%
PARRAMATTAPARK~ 6 N/A N/A $258,000 -4.1% 47.4%
PORTDOUGLAS~* 17 $249,000 -42.1% $298,000 28.2% 7.6%
TRINITYBEACH*f 25 $230,000 -26.1% $295,500 -6.2% 32.8%
WESTCOURT~* 15 $294,900 -13.6% $320,850 52.8% 149.2%
WHITEROCK 5 N/A N/A N/A N/A N/A
WOREE~ 6 N/A N/A $168,000 -5.4% 37.7%
YORKEYSKNOB 10 $200,000 N/A $205,000 2.2% 7.9%
CAIRNS (LGA) 90 $173,750 -0.7% $170,000 0.0% 49.8%
CAIRNS (LGA) ^ * ~ g 8 N/A N/A $236,000 105.2% 195.0%
BENTLEYPARK* 12 $150,250 2.2% $147,000 -2.0% 86.1%
CRAIGLIE 3 N/A N/A $182,000 N/A 5.8%
EDMONTON 4 N/A N/A $125,000 0.0% 43.7%
GORDONVALE 6 $125,000 -0.6% $125,000 6.6% 53.4%
MOUNTSHERIDAN* 8 $225,000 13.9% $177,500 N/A 102.9%
PALMCOVE*~ 6 $255,000 45.7% $185,000 N/A -2.6%
REDLYNCH* 15 $175,000 -5.4% $175,000 4.5% 45.8%
SMITHFIELD* 5 $252,000 33.1% $214,000 N/A N/A
TRINITYBEACH* 5 $189,500 22.3% $179,200 -10.4% N/A
TRINITYPARK*f 11 $169,000 -5.8% $169,000 -3.4% -20.8%
CAIRNS REGIONAL COUNCIL AREA 300 495 300 603
4865 Goldsborough/Gordonvale/GreenHill/etc. 280 13 290 27
4868 BayviewHeights/MountSheridan/WhiteRock/etc. 300 79 300 106
4869 BentleyPark/Edmonton/MtPeter/etc. 290 74 290 90
4870 Cairns&suburbsofCairns 310 157 320 175
4873 Mossman/CooyaBeach/CowBay/Miallo/etc 280 28 280 24
4877 PortDouglas/Craiglie/Mowbray/OakBeach 390 13 395 14
4878 Caravonica/HollowaysBeach/MachansBch/etc. 320 57 340 52
4879 CliftonBeach/KewarraBeach/PalmCove/etc. 330 71 330 83
CAIRNS REGIONAL COUNCIL AREA 250 1,041 250 1,028
4865 Goldsborough/Gordonvale/GreenHill/etc. 200 6 n.a. 4
4868 BayviewHeights/MountSheridan/WhiteRock/etc. 230 84 230 85
4869 BentleyPark/Edmonton/MtPeter/etc. 200 20 200 20
4870 Cairns&suburbsofCairns 250 620 250 648
4873 Mossman/CooyaBeach/CowBay/Miallo/etc 180 11 180 14
4877 PortDouglas/Craiglie/Mowbray/OakBeach 260 61 300 39
4878 Caravonica/HollowaysBeach/MachansBch/etc. 250 102 240 89
4879 CliftonBeach/KewarraBeach/PalmCove/etc. 250 137 260 100
Please see page 36 for legend and further notes
www.reiq.com.auIssue 6 - March Quarter 2010 page 33
MARKETMONITORQ
UE
EN
SLA
ND
OTHER REGIONAL AREAS
HOUSES HOUSES continued
Suburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
Median house and unit prices Demand for residential property in Queensland’s regional areas remained steady over the March quarter, however, this is likely to increase following the announcement of financial incentives to build a new home in regional areas by the State Government.
The new first home buyers boost provides an extra $4,000 to first-timers who build a home in a regional area. The grant is expected to encourage dissemination of Queensland’s population into regional areas as well as shore up construction jobs.
The possibilities surrounding the development of coal seam gas in the Surat Energy Province in south-west Queensland appear to have positively impacted results in adjacent localities.
The median house in the Lockyer Valley increased 6. 2 per over the quarter to $292,000, in Roma it was up 9.3 per cent to $270,000 and in the Western Downs – which includes Chinchilla and Dalby – was up 9.8 per cent to $280,000.
Median land prices The most popular regional area for sales of vacant urban land was Gympie, recording 52 preliminary sales over the quarter. Gympie not only has a median land price of $123,745, but is also ideally located near the Sunshine Coast.
Mining in the Surat Basin has again impacted neighbouring towns with median vacant urban land price growth experienced in the Western Downs region, up 9.4 per cent over the quarter to $113,750.
BALONNE(LGA) 10 $137,500 N/A $150,000 -1.6% 25.0%
STGEORGE 5 N/A N/A $177,500 4.9% 40.9%
BANANA(LGA)~ 35 $277,000 15.4% $265,000 0.0% 140.9%
BANANA(LGA)^~ 6 N/A N/A $440,000 11.4% 125.6%
BILOELA 21 $290,000 -5.7% $285,000 0.0% 105.0%
BARCALDINE(LGA)~ 10 N/A N/A $167,000 39.2% 283.9%
BURDEKIN(LGA)~ 22 $237,500 -1.0% $228,500 -5.6% 128.5%
AYR~ 12 $242,500 -6.7% $242,000 -3.2% 126.2%
HOMEHILL~ 5 N/A N/A $225,000 -3.2% 155.7%
CASSOWARYCOAST(LGA)~ 43 $270,000 -3.6% $265,000 -1.3% 76.7%
CASSOWARYCOAST(LGA)^~ 6 N/A N/A $350,000 -10.3% 94.4%
EASTINNISFAIL 6 N/A N/A $227,500 N/A N/A
TULLY 5 N/A N/A $230,500 N/A 84.4%
CENTRALHIGHLANDS(LGA) 98 $345,000 -1.1% $345,000 7.8% 83.0%
CENTRALHIGHLANDS(LGA)^~ 10 N/A N/A $312,500 -21.3% 50.2%
BLACKWATER~ 30 $292,500 -7.1% $287,500 5.4% 95.6%
EMERALD 63 $376,000 -2.3% $378,000 8.9% 68.0%
EMERALD^~ 7 $545,000 N/A $545,000 16.0% 56.6%
CHARTERSTOWERS(LGA) 19 $152,000 -35.7% $215,000 2.9% 119.4%
CHARTERSTOWERS(LGA)^ 9 N/A N/A $390,250 2.7% 125.6%
BROUGHTON^ 5 $385,500 N/A N/A N/A N/A
LISSNER 3 N/A N/A $204,000 6.5% 101.0%
QUEENTON~ 7 $168,000 N/A $235,000 17.5% N/A
RICHMONDHILL~ 6 N/A N/A $241,000 -3.1% N/A
GOONDIWINDI(LGA)~ 24 $231,000 -10.5% $248,500 13.7% 60.8%
GOONDIWINDI~ 19 $260,000 -3.0% $310,000 22.3% 62.7%
GYMPIE(LGA) 111 $285,000 -3.4% $290,000 2.6% 48.7%
GYMPIE(LGA)^ 44 $393,500 6.4% $375,000 4.2% 48.2%
COOLOOLACOVE~ 8 $287,000 -6.3% $312,500 -0.8% 38.9%
CURRA^ 5 $304,000 N/A $295,000 10.2% 59.5%
GYMPIE~ 50 $266,500 -2.6% $268,000 -2.5% 48.9%
MONKLAND 9 $264,000 N/A $267,000 7.8% 62.3%
RAINBOWBEACH 8 $493,750 -3.2% N/A N/A N/A
SOUTHSIDE~ 21 $335,000 -5.0% $335,500 -0.7% 28.8%
TINCANBAY~ 9 $300,000 -6.5% $301,000 N/A -1.6%
WIDGEE^ 8 $356,000 N/A N/A N/A N/A
HINCHINBROOK(LGA) 13 N/A N/A $260,000 8.3% 116.7%
INGHAM~ 7 $235,000 N/A $240,000 12.9% 133.0%
ISAAC(LGA) 52 $419,500 4.9% $405,000 6.6% 138.2%
CLERMONT 5 N/A N/A $292,500 0.9% 312.6%
DYSART 6 N/A N/A $412,000 5.8% 312.0%
MORANBAH 36 $438,000 -2.7% $435,000 10.1% 102.3%
LOCKYERVALLEY(LGA)~ 49 $292,000 6.2% $270,000 3.8% 52.3%
LOCKYERVALLEY(LGA)^ 59 $362,000 0.6% $345,000 6.2% 60.5%
GATTON 23 $310,000 7.8% $285,000 2.2% 50.4%
KENSINGTONGROVE^~ 4 N/A N/A $370,000 12.1% 124.2%
LAIDLEY~ 12 $264,500 13.8% $244,500 2.7% 63.0%
LAIDLEYHEIGHTS^~ 5 $365,000 15.9% $312,000 6.7% 62.9%
PLAINLAND^~ 7 $385,000 N/A $320,000 -3.0% 72.0%
REGENCYDOWNS^~ 10 $359,000 -5.3% $345,000 7.0% 81.6%
LONGREACH(LGA) 6 N/A N/A $230,000 10.7% 127.7%
LONGREACH 4 N/A N/A $245,000 11.4% 123.7%
MARANOA(LGA)~ 35 $270,000 9.3% $253,000 21.3% 141.0%
ROMA~ 28 $282,000 5.2% $270,000 17.4% 107.7%
MOUNTISA(LGA)~ 57 $360,000 13.0% $330,000 -0.9% 157.8%
HEALY 12 $379,500 4.9% $376,000 4.4% N/A
MORNINGTON~ 3 N/A N/A $300,000 -3.8% N/A
PARKSIDE~ 6 N/A N/A $300,000 -1.6% N/A
SOLDIERSHILL~ 12 $356,000 N/A $324,000 -1.8% N/A
SUNSET 8 $345,000 N/A $337,000 2.1% N/A
TOWNVIEW 5 N/A N/A $332,500 -0.7% N/A
Please see page 36 for legend and further notes
www.reiq.com.auIssue 6 - March Quarter 2010 page 34
MARKETMONITORQ
UE
EN
SLA
ND
OTHER REGIONAL AREAS
VACANT URBAN LAND
HOUSES HOUSES continued
Suburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
UNITS & TOWNHOUSES
MURWEH (LGA) 13 N/A N/A $140,000 12.9% 98.6%
CHARLEVILLE~ 12 $120,000 -33.1% $143,000 11.1% 90.7%
NORTH BURNETT (LGA) 22 $146,500 -13.8% $166,250 7.3% 99.1%
NORTH BURNETT (LGA) ^ ~ 1 N/A N/A $266,000 26.7% 131.3%
GAYNDAH 8 $165,000 -23.3% $195,000 23.4% 95.0%
PAROO (LGA) 6 N/A N/A $56,000 N/A 24.4%
CUNNAMULLA 6 N/A N/A $56,000 N/A 16.7%
SCENIC RIM (LGA) 68 $361,500 1.1% $360,000 2.9% 39.0%
SCENIC RIM (LGA) ^ ~ 32 $470,000 -5.1% $457,500 4.0% 40.8%
BEAUDESERT~ 21 $320,000 -0.2% $310,000 -2.6% 38.4%
BOONAH 9 $262,000 -3.9% $285,500 1.7% 68.9%
KOORALBYN^ 9 $340,000 -0.7% $339,000 6.4% 50.7%
TAMBORINEMOUNTAIN~ 29 $460,000 2.2% $440,000 -6.4% 32.5%
TAMBORINEMOUNTAIN^~ 6 $1,062,500 39.8% $753,000 21.5% 36.3%
SOMERSET (LGA) ~ 30 $271,500 -8.6% $277,500 11.0% 68.2%
SOMERSET (LGA) ^ 24 $390,000 0.0% $371,250 6.1% 42.8%
FERNVALE 2 N/A N/A $343,500 N/A N/A
KILCOY~ 7 $258,000 -12.2% $285,000 5.6% 50.0%
LOWOOD 5 N/A N/A $271,500 11.4% 67.1%
LOWOOD^ 6 $330,000 2.6% $330,000 5.1% 30.0%
MINDEN^ 4 N/A N/A $340,000 N/A 37.4%
SOUTH BURNETT (LGA) ~ 72 $216,500 -12.0% $233,000 5.9% 57.4%
SOUTH BURNETT (LGA) ^ 30 $280,000 5.7% $282,000 0.7% 76.3%
KINGAROY~ 39 $250,000 -7.2% $265,000 7.6% 54.1%
KINGAROY^ 4 N/A N/A $416,000 2.0% 63.1%
MURGON~ 12 $152,263 N/A $172,500 7.8% 73.8%
NANANGO~ 9 $210,000 -16.5% $222,500 6.0% 61.2%
NANANGO^~ 3 N/A N/A $247,500 -9.3% 67.2%
WONDAI 6 N/A N/A $207,000 4.5% 65.6%
SOUTHERN DOWNS (LGA) 96 $245,000 -1.0% $237,500 5.6% 55.2%
SOUTHERN DOWNS (LGA) ^ 15 $330,000 -1.5% $336,500 3.5% 70.4%
STANTHORPE 21 $248,000 5.5% $235,000 6.9% 58.8%
STANTHORPE^ 3 N/A N/A $380,000 N/A 46.2%
WARWICK 55 $245,000 -3.5% $250,000 8.7% 50.2%
TABLELANDS (LGA) 63 $285,000 -6.6% $290,000 1.8% 93.3%
TABLELANDS (LGA) ^ ~ 25 $386,000 -12.0% $410,000 -4.4% 70.8%
ATHERTON~ 25 $292,000 -11.5% $330,000 -8.3% 83.3%
KURANDA^ 2 N/A N/A $472,500 2.7% 48.1%
MAREEBA~ 15 $285,000 -9.5% $285,000 11.8% 105.4%
TOLGA^ 5 $450,000 N/A N/A N/A N/A
WEIPA (LGA) 7 N/A N/A $350,000 N/A 64.7%
WESTERN DOWNS (LGA) 66 $280,000 9.8% $259,000 10.2% 99.2%
WESTERN DOWNS (LGA) ^ 24 $345,000 -2.5% $325,000 13.0% 140.7%
CHINCHILLA~ 21 $347,000 28.8% $292,750 17.1% 117.7%
DALBY 30 $297,500 -4.3% $279,000 15.3% 89.2%
DALBY^ 8 $482,500 9.9% $439,000 20.3% 90.9%
MILES~ 7 $250,000 35.1% $230,000 N/A 194.9%
TARA^ 8 $210,000 N/A $110,000 -8.3% 115.7%
WHITSUNDAY (LGA) ~ 65 $360,000 -14.8% $389,500 1.2% 87.0%
WHITSUNDAY (LGA) ^ ~ 10 N/A N/A $475,000 -3.1% 60.6%
BOWEN~ 23 $350,000 -3.4% $350,000 -2.8% 94.4%
CANNONVALE~ 7 $450,000 -7.5% $452,500 -6.4% 25.9%
COLLINSVILLE 8 $183,750 N/A N/A N/A N/A
JUBILEEPOCKET~ 3 N/A N/A $425,250 -5.5% 39.4%
PROSERPINE~ 12 $367,500 -7.0% $347,050 8.5% 96.9%
CASSOWARY COAST (LGA) ~ f 4 N/A N/A $285,000 -3.1% 52.0%
CENTRAL HIGHLANDS (LGA) * ~ 23 $267,000 -15.9% $275,000 7.4% 77.4%
EMERALD*~ 23 $267,000 -15.9% $275,000 3.8% 77.4%
GYMPIE (LGA) 8 N/A N/A $265,000 4.3% 16.7%
LOCKYER VALLEY (LGA) 7 N/A N/A $234,750 N/A N/A
GATTON 5 N/A N/A $226,000 N/A N/A
SCENIC RIM (LGA) * ~ 16 $230,000 N/A $244,000 28.4% 95.2%
SOUTH BURNETT (LGA) ~ * 8 N/A N/A $175,000 -19.5% 139.7%
KINGAROY~ 7 $194,000 N/A $175,000 N/A N/A
SOUTHERN DOWNS (LGA) 7 N/A N/A $224,000 9.3% 72.3%
TABLELANDS (LGA) * 6 N/A N/A $192,000 -19.5% 43.3%
WEIPA (LGA) 4 N/A N/A $153,137 4.1% N/A
WESTERN DOWNS (LGA) 7 N/A N/A $285,000 9.6% N/A
WHITSUNDAY (LGA) * f 28 $347,500 -4.8% $340,500 -1.4% 18.7%
AIRLIEBEACH* 6 N/A N/A $423,000 -13.7% -9.5%
BOWEN 8 $322,500 N/A $304,250 N/A N/A
CANNONVALE*f 11 $345,000 1.5% $314,000 5.1% 38.9%
BANANA (LGA) * 4 N/A N/A $134,000 27.6% 665.7%
KIANGA* 2 N/A N/A $134,000 N/A N/A
BARCALDINE (LGA) 9 N/A N/A $52,500 N/A N/A
BURDEKIN (LGA) 7 N/A N/A $117,000 N/A 290.0%
AYR 6 $124,975 N/A N/A N/A N/A
CASSOWARY COAST (LGA) ~ 15 $140,000 -9.7% $130,000 -5.8% 30.7%
CASSOWARY COAST (LGA) ^ ~ * 8 N/A N/A $150,000 -1.6% 150.0%
SOUTHMISSIONBEACH 4 N/A N/A $125,000 N/A N/A
WONGALINGBEACH~ 1 N/A N/A $165,000 N/A -2.4%
CENTRAL HIGHLANDS (LGA) 36 $123,000 -1.6% $120,000 14.3% 152.6%
BLACKWATER* 7 $95,000 N/A $95,000 5.6% 272.5%
EMERALD 28 $124,000 -0.8% $126,500 -7.3% 94.6%
EMERALD^ 3 N/A N/A $245,000 N/A 150.0%
CHARTERS TOWERS (LGA) ^ * ~ 8 N/A N/A $147,000 33.6% 230.3%
GOONDIWINDI (LGA) 2 N/A N/A $80,000 6.7% 116.2%
Please see page 36 for legend and further notes
www.reiq.com.auIssue 6 - March Quarter 2010 page 35
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OTHER REGIONAL AREAS
VACANT URBAN LAND continued
3 BEDROOM HOUSES
2 BEDROOM FLATS/UNITS
MEDIAN WEEKLY RENTSSuburbs/Localities
MarQtr2010NewBonds
MarQtr2009Rent($)
NewBonds
Rent($)Po
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VACANT URBAN LAND continued
Suburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs
GYMPIE (LGA) 52 $123,745 -2.2% $123,750 -0.2% 45.6%
GYMPIE (LGA) ^ * ~ 36 $150,000 -4.0% $142,500 -3.4% 51.6%
COOLOOLACOVE* 8 $121,500 -7.6% $125,000 -19.4% 42.9%
CURRA^* 12 $113,500 N/A $115,000 -0.9% 74.2%
GYMPIE* 15 $125,000 13.6% $110,000 -7.6% 41.0%
JONESHILL 2 N/A N/A $132,500 N/A N/A
SOUTHSIDE* 8 $121,500 -5.1% $122,000 1.7% 45.2%
TINCANBAY 10 $131,250 N/A $133,750 -0.2% 6.6%
HINCHINBROOK (LGA) ~ 10 $103,500 15.0% $93,250 -3.9% 60.8%
FORRESTBEACH~ 5 $105,000 11.1% $92,500 -7.5% N/A
ISAAC (LGA) ~ 27 $150,000 25.0% $120,000 8.8% 275.0%
MORANBAH~ 24 $153,870 28.2% $120,000 -0.8% 274.4%
LOCKYER VALLEY (LGA) 27 $125,000 0.8% $124,000 7.8% 99.9%
LOCKYER VALLEY (LGA) ^ * ~ 55 $134,000 -9.2% $140,000 0.2% 102.2%
ADARE^ 6 $121,500 N/A N/A N/A N/A
GATTON 2 N/A N/A $135,000 1.9% 107.7%
HATTONVALE^* 9 $136,900 N/A $139,950 N/A 65.6%
KENSINGTONGROVE^*~ 7 $135,000 -8.2% $143,500 1.1% 86.4%
LAIDLEY 14 $124,500 8.3% $119,000 5.3% N/A
LAIDLEYNORTH 4 N/A N/A $115,000 N/A N/A
REGENCYDOWNS^ 5 $155,000 N/A $139,750 0.5% 115.0%
MARANOA (LGA) 4 N/A N/A $35,000 18.6% 50.5%
MOUNT ISA (LGA) 9 N/A N/A $75,000 7.1% N/A
HEALY 8 $84,000 N/A $75,000 7.1% N/A
NORTH BURNETT (LGA) ~ 4 N/A N/A $42,000 35.5% 180.0%
NORTH BURNETT (LGA) ^ ~ * 6 N/A N/A $120,000 -4.0% 166.7%
SCENIC RIM (LGA) ~ * 16 $155,500 -19.0% $179,500 0.3% 84.1%
SCENIC RIM (LGA) ^ ~ 23 $200,000 -2.0% $220,000 -2.2% 158.8%
BEAUDESERT* 3 N/A N/A $192,500 5.2% 75.0%
GLENEAGLE* 4 N/A N/A $174,500 N/A N/A
KOORALBYN^~ 7 $128,000 N/A $110,000 -4.3% 86.4%
TAMBORINEMOUNTAIN 2 N/A N/A $236,500 N/A 21.3%
SOMERSET (LGA) 21 $128,000 0.0% $130,000 1.6% 136.4%
SOMERSET (LGA) ^ ~ * 14 $241,250 2.7% $225,000 25.0% 130.8%
FERNVALE* 8 $137,500 4.0% $135,000 3.8% N/A
LOWOOD* 5 $120,500 N/A $122,000 -3.2% N/A
SOUTH BURNETT (LGA) ~ * 19 $100,000 60.0% $90,000 16.9% 227.3%
SOUTH BURNETT (LGA) ^ * 34 $91,500 -6.6% $100,000 10.5% 156.4%
KINGAROY* 11 $110,000 0.0% $110,000 10.0% 100.0%
KINGAROY^* 1 N/A N/A $140,000 N/A 115.4%
NANANGO^ 5 $89,000 0.0% N/A N/A N/A
SOUTHERN DOWNS (LGA) * 27 $90,000 0.1% $89,900 19.9% 114.0%
SOUTHERN DOWNS (LGA) ^ ~ 24 $168,500 20.4% $150,000 7.9% 120.6%
STANTHORPE 4 N/A N/A $84,000 N/A 86.7%
WARWICK* 14 $94,500 -0.5% $93,000 -2.1% 57.6%
TABLELANDS (LGA) * 25 $95,500 -21.1% $115,000 4.5% 155.6%
TABLELANDS (LGA) ^ ~ 31 $189,000 -4.5% $184,000 -4.7% 145.3%
ATHERTON* 5 $130,900 1.5% $125,000 4.2% 93.8%
MAREEBA~ 13 $92,000 -8.0% $95,000 -12.8% 120.9%
PEERAMON^* 1 N/A N/A $166,750 N/A N/A
WESTERN DOWNS (LGA) 30 $113,750 9.4% $108,000 12.5% 315.4%
WESTERN DOWNS (LGA) ^ ~ 30 $105,000 22.1% $95,000 47.3% 277.7%
CHINCHILLA 14 $109,900 11.6% $98,500 9.4% 114.7%
CHINCHILLA^~ 11 $110,000 15.8% $105,000 16.7% N/A
DALBY~* 12 $119,500 -3.2% $117,500 17.5% 161.1%
DALBY^ 3 N/A N/A $107,250 2.1% 116.7%
TARA^~ 8 $37,500 -6.3% $40,500 9.5% 237.5%
WHITSUNDAY (LGA) * 41 $152,500 1.7% $155,000 -3.7% 24.0%
WHITSUNDAY (LGA) ^ ~ 6 N/A N/A $249,000 -3.3% 77.9%
BOWEN~f 11 $165,000 9.1% $150,000 -2.0% 38.7%
CANNONVALE* 11 $152,500 -11.6% $160,000 -22.0% 23.3%
PROSERPINE* 9 $130,000 24.4% $115,000 -4.2% N/A
SCENIC RIM REGIONAL COUNCIL AREA 310 120 300 146
4270 Tamborine 360 10 350 8
4271 EagleHeights 350 21 320 27
4272 TamborineMountain 380 9 350 13
4275 Biddaddaba/Boyland/Canungra/etc. 360 9 350 11
4285 Beaudesert/CedarVale/Kooralbyn/etc. 300 43 290 52
4307 Harrisvale/Mutdapilly/etc. 320 5 n.a. 4
4310 Boonah/Duganden/MtAlford 235 18 230 18
GYMPIE REGIONAL COUNCIL AREA 250 221 240 208
4570 Gympie/Curra/Imbil/Monkland/Southside/etc. 250 184 250 161
4580 Cooloola/TinCanBay 245 23 230 28
4581 RainbowBeach/Inskip 300 5 260 7
WHITSUNDAY REGIONAL COUNCIL AREA 350 125 370 178
4800 CannonValley/Conway/Proserpine/etc. 300 24 330 26
4802 AirlieBeach/Cannonvale/Whitsundays/etc. 380 36 410 59
4804 Collinsville 350 13 400 13
4805 Bowen 340 52 350 80
SCENIC RIM REGIONAL COUNCIL AREA 190 31 185 30
4285 Beaudesert/CedarVale/Kooralbyn/etc. 180 21 170 22
GYMPIE REGIONAL COUNCIL AREA 190 56 175 46
4570 Gympie/Curra/Imbil/Monkland/Southside/etc. 190 33 175 33
4581 RainbowBeach/Inskip 200 18 185 7
WHITSUNDAY REGIONAL COUNCIL AREA 290 134 300 122
4800 CannonValley/Conway/Proserpine/etc. 230 7 240 11
4802 AirlieBeach/Cannonvale/Whitsundays/etc. 300 88 310 77
4805 Bowen 230 32 280 25
HOUSES UNITS LOCAL GOVERNMENT AREA MAR QTR DEC QTR MAR QTR DEC QTR 2010 2009 2010 2009
LOCAL GOVERNMENT AREA MAR SEPT 2010 2009
SOUTH EAST QUEENSLAND
REGIONAL QUEENSLAND
RESIDENTIAL RENTALS
SOUTH EAST QUEENSLAND
REGIONAL QUEENSLAND
www.reiq.com.auIssue 5 - March 2010 page 36
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GROSS RENTAL YIELDS
ExPLANATORY NOTESSALES DATAAll figures are preliminary based upon sales records available as at 19 MAY 2010 and are subject to further revision. Only suburbs to record sufficient sales numbers have been includedN/A No preliminary estimate available due to insufficient sales numbers(LGA) Local Government AreaBrisbane (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 soldf Medians affected by varying numbers of waterfront properties sold+ 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 omittedg Sales volumes and median affected by QLD government acquisitions in the areaG Sales volumes and median affected by QLD government sales in the area¹ Paradise Point - excludes Sovereign and Ephraim Islands sales² Median for previous quarter recalculated to take into account Brookwater group title sales.
PRICE POINT GRAPHS - SALES NUMBERSAll figures are preliminary based upon sales records available as at the time of reporting for each corresponding quarter and are subject to further revision. Comparisons between quarters should be used as a guide only. Data supplied by PDS Live.
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
VACANCY RATES
Greater Brisbane ¹ 2.7% 3.9%
Brisbane City ² 2.5% 2.9%
Brisbane Inner (0-5km) 2.3% 3.5%
Brisbane Remainder 2.6% 2.6%
Brisbane Surrounds ³ 3.0% 4.8%
Ipswich City 2.3% 3.5%
Logan City 2.3% 2.5%
Moreton Bay Regional 3.3% 6.4%
Redland City 4.3% 4.5%
Gold Coast City 3.9% 3.2%
Sunshine Coast Regional 3.5% 3.8%
Bundaberg Regional 3.1% 2.1%
Cairns Regional 5.2% 3.9%
Fraser Coast Regional * 6.3% 8.5%
Gladstone Regional 4.1% 9.5%
Gympie Regional 3.1% N/A
Lockyer Valley Regional 3.3% N/A
Mackay Regional 3.4% 2.4%
Rockhampton Regional 5.6% 3.4%
Tablelands Regional 5.6% N/A
Toowoomba Regional 1.0% 1.1% #
Townsville City 3.0% 2.7%
RENTAL DATAAll 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 boundariesn.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 cautionSource: Residential Tenancies Authority, Rental Bond lodgements www.rta.qld.gov.au
GROSS RENTAL YIELDS¹Based upon median weekly rent for 3-bedroom houses, source: Residential Tenancies Authority²Includes townhouses. Based upon median weekly rent for 2-bedroom flats, source: Residential Tenancies Authority
VACANCY RATES¨Based upon all residential rentals as at the end of the month ¹ Aggregate of Brisbane City LGA & Brisbane surrounds ² Aggregate of Brisbane Inner & Brisbane Remainder ³ Aggregate of the surrounding shires of Ipswich, Logan, Moreton Bay Regional & Redland * High rental stock due to new residential unit releases # Due to a reporting error this vacancy rate has been recalculated N/A Insufficient sample size reported in order to calculate a reliable statistic NB Where no region or vacancy rate is listed, insufficient surveys were received in order to calculate a reliable statistic Source: REIQ Residential Rental Survey
Brisbane City 3.7% 3.6% 4.7% 4.6%
Moreton Bay Regional 4.5% 4.3% 4.9% 4.7%
Ipswich City 4.4% 4.6% 4.8% 4.5%
Logan City 4.1% 4.0% 4.2% 4.1%
Redland City 3.9% 3.9% 4.6% 4.3%
Gold Coast City 4.0% 4.1% 4.8% 4.7%
Sunshine Coast Regional 3.9% 3.9% 4.3% 4.0%
Scenic Rim Regional 4.5% 4.4% 4.3% N/A
Toowoomba Regional 4.4% 4.4% 4.4% 4.1%
Gympie Regional 4.6% 4.4% N/A 3.3%
Fraser Coast Regional 4.1% 4.1% 3.8% 3.7%
Bundaberg Regional 4.7% 4.6% 4.0% 3.8%
Gladstone Regional 3.8% 4.2% 4.0% 3.2%
Rockhampton Regional 4.7% 4.6% 4.1% 4.7%
Mackay Regional 4.8% 4.8% 4.8% 5.2%
Whitsunday Regional 5.1% 4.3% 4.3% 4.0%
Townsville City 4.6% 4.5% 4.4% 4.6%
Cairns Regional 4.2% 4.2% 5.4% 4.7%
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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]].
VACANCY RATES
Options for property investors:you can guarantee it
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.
The Queensland property market continues to present investors with some encouraging prospects, with a strong rental market, good sale prices and ongoing discussion about future housing shortages.
James Sialepis, National Sales and Marketing Manager of Meriton Apartments, says he has witnessed a spike in investor activity in Queensland.
“Investors realise that not only are rents strengthening considerably, but the gap in price between Brisbane and Sydney or Melbourne is far too wide,” Mr Sialepis said.
“History shows us that this gap will correct itself and Brisbane's values will be next to climb. Savvy investors from all over Australia and overseas are aware of this trend.”
Keith Levy, National Manger of Deposit Power, explains that 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.
“Deposit Guarantees can be an effective tool for real estate agents to attract qualified and committed buyers, and to protect your clients and your commission if the purchaser defaults,” Mr Levy said.
“Deposit Power Guarantees are only issued after the buyer has demonstrated their financial ability to complete the purchase, so this can also give the seller more peace of mind that the sale will go through.
In a growing 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 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”.
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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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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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