Queensland Market Monitor, June Quarter 2016

your state-wide property research guide suburb by suburb

REIQ

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UE 31

JUN QTR 2016

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QMM STATE-WIDE COMMENTARY

SEQ PROPERTY PERFORMS WELLAffordability, sustainable growth, and favourable lifestyle factors, were three key factors driving southern state investors to the Queensland residential property market in the June quarter, according to data released in the REIQ June Queensland Market Monitor.

Parts of the market have become an irresistible lure for first-home buyers and the prevailing market conditions, such as historic low interest rates, affordable home prices, and steady capital growth opportunities, have contributed to fewer tenants and more first-home buyers and owner occupiers getting into some areas of Queensland.

The state’s property market continued along its divergent paths, with most of regional Queensland, north of the Sunshine Coast, still experiencing very challenging conditions and the southeast corner generally growing consistently.

The stand-out regional markets of Cairns, Toowoomba, the Gold and Sunshine Coasts are performing pretty well, generally speaking, with tight vacancy rates, steady gross rental yields, and rising capital values.

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2 QUEENSLAND MARKET MONITOR

REIQ RESEARCH EXPLANATORY NOTESSALES MARKET DATA

All figures for the most recent quarterly and yearly periods are preliminary only and subject to further revision as additional sales records become available (see Research Methodology online at reiq.com).

As of the June quarter 2013, all sales data includes "Recent Sales" as advised by real estate agents as well as official records as advised by DNRM. As such comparisons with figures published prior to the June quarter 2013 should be done with caution.

A median sale price is derived by arranging a set of sale prices from lowest to highest and then selecting the middle value within this set (ie, the 50th percentile, where half of recorded sales were less and half were higher than the median).

Only suburbs and regions to record sufficient sales numbers (at least 20 sales for the quarter) at the time of reporting are published.

Median price changes are influenced by varying quality of properties sold.

N/A Due to insufficient sales numbers (as at the time of data extraction) no median sale price has been calculated.

N/D Not displayed due to price movements potentially driven by type of stock transacting.

(LGA) Local Government Area Brisbane.

(SD) Brisbane Statistical Division comprising the LGA’s of Brisbane City, Ipswich City, Logan City, Moreton Bay Regional and Redland City.

Sunshine Coast (SD)Sunshine Coast Region comprising the LGA's ofSunshine Coast Regional and Noosa.

# Figures based upon the new council boundaries

^ Indicates acreage sales only (with land size greater than 2400m2). All other data is based upon sales with a land size of less than 2400m2

ON THE MARKET INDICATORS

At the time of publication, latest information available was for the 12 months ending the month prior to end of the quarter reporting period.

"Days on Market" is calculated as the median number of days it has taken to sell those properties sold by private treaty during the last 12 months. The calculation excludes auction listings and listings where an asking price is not advertised. The days on market calculation uses the contract date on the property compared with the first advertised date.

"Vendor Discount" is the median difference between the contract price on a property and the first advertised price. The figure is expressed as a percentage and is an average of all private treaty sales which sold for less than their initial asking price.

"Total Listings" is the total unique number of properties that have been advertised for sale and captured by RP Data over the 12 month period. To be included in the count, the listings have to be matched to an actual address.

"% Stock on Market" is the percentage of dwellings within the suburb or local government area that have been listed for sale over the past year.

Source: REIQ, data supplied by CoreLogic RP Data (www.corelogic.com.au)

PRICE POINT GRAPHS

Some data contained within these graphs represent preliminary sales numbers and are subject to revision as additional sales records become available.

The data excludes any recent sales transactions where the contract sale price was not disclosed.

The intention of these graphs is to gauge trends in sales activity between periods in lieu of actual final sales results and compare it with historical data.Source: REIQ, data obtained from CoreLogic RPData

GROSS RENTAL YIELDS

House yields are based upon REIQ median house prices and RTA median weekly rent for three-bedroom houses.

Unit yields are based upon REIQ median unit & townhouse sale prices and RTA median weekly rent for two-bedroom units.

VACANCY RATES

All figures are based upon all residential rentals as at the end of each quarterly period, as submitted by REIQ accredited agents.

N/A Due to insufficient information received no vacancy rate has been calculated.

Source: REIQ Residential Rental Survey

RENTAL MARKET DATA

All median weekly rents are published on a postcode basis, as calculated by the Residential Tenancies Authority, where sufficient data is available.

Caution should be exercised when interpreting any median rental price data based upon a relatively small number of new bond lodgements.

Figures for the new LGA's available for the current quarter only.

L Listed localities (or suburbs) represent one on potentially several that fall within that postcode.

N.A. Due to insufficient new bond lodgements, no median rental price has been calculated

Source: Residential Tenancies Authority, Rental Bond lodgements (www.rta.qld.gov.au)

http://www.rpdata.com.au

3

STATE-WIDE SUMMARY

JUNE QUARTER 20163 QUEENSLAND MARKET MONITOR

Queensland market update 1

REIQ Explanatory notes 2

Brisbane market updates

Brisbane Comparison to Capital Cities 7

Greater Brisbane 10

Brisbane LGA 16

Regional market updates

Gold Coast 22

Toowoomba 26

Sunshine Coast 30

Fraser Coast 34

Bundaberg 36

Gladstone 38

Rockhampton 40

Mackay 42

Townsville 44

Cairns 48

Other Regional 51

On The Market Indicators 52

Total Listings

% Stock on Market

Median Vendor Discount

Median Days on Market

Rental Market Indicators 54

Gross rental yields

Residential vacancy rates

TABLE OF CONTENTS

REIQ STATE-WIDE COMMENTARY CONTINUED

In contrast, Bundaberg, Fraser Coast, Gladstone, Rockhampton, Mackay, and to a lesser extent Townsville, continue to operate in challenging conditions, largely as a consequence of the resources downturn. State Government measures to create jobs and boost the local economies have been announced and the impact of these programs is eagerly anticipated.

The REIQ is continuing to lobby government for measures that will benefit the residential property market throughout the state, including broadening the first-home buyers’ grant to established homes, and removing the foreign buyer surcharge of 3%. These are barriers that prevent buyers accessing the market at a time when our market needs to welcome all buyers.

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The Real Estate Institute of Queensland Ltd. Copyright 2014 21 Turbo Drive, Coorparoo, PO Box 1555, Coorparoo DC Q 4151Ph: (07) 3249 7347 Fax: (07) 3249 6211 Email: [email protected]

Managing Editor: Felicity Moore T. 07 3249 7300 E. [email protected]

Research Analyst: Karina Salas T. 07 3249 7301 E. [email protected]

Graphic Designer: Holly Tape T. 07 3249 7312 E. [email protected]

Source: REIQ, data obtained from CoreLogic RPData


STATE-WIDE SUMMARY

HOUSE MARKET

The house market this quarter marginally improved over the March quarter. In this edition of the QMM, the REIQ has introduced reporting on the state-wide median prices.

The median house price for Queensland was $455,000, representing a fractional increase of 0.28 per cent over last quarter. The more meaningful data is the annual median sale price, which was $453,00 0 for the June quarter, an increase of 2.95 per cent compared with 12 months ago and a solid 10.49 per cent over five years ago.

This is a clear indication that the Queensland residential property market is finally emerging from the vestiges of the GFC and is shaking off the resources downturn, as much as possible.

Four out of 11 markets reported growth this quarter, one more market than last quarter and the volume of growth this quarter across all markets was greater than last quarter.

However, there are parts of the state that are still struggling. The western mining towns of Moranbah, Blackwater, and Emerald will take longer to recover. The good news is that the spot price of coking coal rose to $170/tonne in September, and if this holds, there could be positive news on the horizon for these towns.

The coastal centres of Gladstone, Fraser Coast, Rockhampton, Mackay and Bundaberg are still below where they were five years ago. Some suburbs of Mackay, including Blacks Beach, North Mackay and South Mackay, are around 30 per cent below their five-year waterline.

However, regional areas such as the Gold Coast, the Sunshine Coast, Toowoomba and Cairns, have performed well and the Brisbane and surrounding areas have also performed very strongly, to pull the state through the recent difficulties.

UNIT MARKET

The unit market in Brisbane City (CBD) has continued to face the question of oversupply, and so far the data does not support that verdict. The median unit price in inner Brisbane grew 4.2 per cent in the June quarter, to $500,000. The annual median unit price of $488,000 is 1.5 per cent lower than 12 months ago, when it was $495,000 but the current levels are still above five years ago, by 3.5 per cent.

The Bundaberg market experienced a surge of 16 per cent, however, with a fall last quarter of 8.9 per cent it’s clear this market is still very volatile. Removing the outlier of Bundaberg, the strongest market was Cairns, which grew 3.9 per cent.

The biggest June quarter fall in median unit prices was the Sunshine Coast, which contracted 5.0 per cent. The Gold Coast grew 1.6 per cent and Brisbane held steady with zero growth, zero fall.

However, elsewhere in the state the unit market has stalled. In Gladstone and Rockhampton there were not enough sales in either market to report on any meaningful trends. All other markets contracted.

RENTAL MARKET

The vacancy rates throughout the southeast corner are healthy to tight, which is putting pressure on rents and gross rental yields – good news for investors, but tougher news for renters.

However, tenants are finding the economy good for getting into home ownership and local agents throughout parts of the southeast corner were reporting that tenants were breaking leases to take advantage of low interest rates and buy their own property.

Three-bed houses on the Gold Coast were the most expensive in the state, commanding $460 in median weekly rent. This was closely followed by Noosa ($445 a week) and the Sunshine Coast ($430 a week) with Brisbane in fourth spot, bringing in $420 a week in median rent.

As with the median sale price trends, regional cities north of the Sunshine Coast (except Cairns) experienced the highest vacancy rates – Livingstone Shire (12.3 per cent), Gladstone (10.2 per cent), Burdekin (7.8 per cent), Mackay (7.7 per cent) and Rockhampton (6.5 per cent), were the five highest in Queensland.

The five tightest markets in Queensland for the June quarter were Caloundra (1.0 per cent), Maroochy (1.0), Ipswich (1.1 per cent), Sunshine Coast (1.2 per cent) and Gold Coast (1.4 per cent).

The median house price for Queensland was $455,000, representing a fractional increase of 0.28 per cent over last quarter. The more meaningful data is the annual median sale price, which was $453,00 0 for the June quarter, an increase of 2.95 per cent compared with 12 months ago and a solid 10.49 per cent over five years ago.

5

STATE-WIDE SUMMARY

JUNE QUARTER 2016

STATE-WIDE STATISTICS

50,000

60,000

70,000

80,000

90,000

100,000

110,000

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000

Jan-

06

May

-06

Sep-

06

Jan-

07

May

-07

Sep-

07

Jan-

08

May

-08

Sep-

08

Jan-

09

May

-09

Sep-

09

Jan-

10

May

-10

Sep-

10

Jan-

11

May

-11

Sep-

11

Jan-

12

May

-12

Sep-

12

Jan-

13

May

-13

Sep-

13

Jan-

14

May

-14

Sep-

14

Jan-

15

May

-15

Sep-

15

Jan-

16

May

-16

Num

ber of Sales Med

ian

Sale

Pri

ce

Queensland House Market

Annual Median Sale Price Annual Number of Sales

20,000

25,000

30,000

35,000

40,000

45,000

50,000

55,000

$250,000

$270,000

$290,000

$310,000

$330,000

$350,000

$370,000

$390,000

Jan-

06

May

-06

Sep-

06

Jan-

07

May

-07

Sep-

07

Jan-

08

May

-08

Sep-

08

Jan-

09

May

-09

Sep-

09

Jan-

10

May

-10

Sep-

10

Jan-

11

May

-11

Sep-

11

Jan-

12

May

-12

Sep-

12

Jan-

13

May

-13

Sep-

13

Jan-

14

May

-14

Sep-

14

Jan-

15

May

-15

Sep-

15

Jan-

16

May

-16

Num

ber of Sales Med

ian

Sale

Pri

ce

Queensland Unit Market


10,000

15,000

20,000

25,000

30,000

35,000

40,000

$100,000

$120,000

$140,000

$160,000

$180,000

$200,000

$220,000

$240,000

Jan-

06

May

-06

Sep-

06

Jan-

07

May

-07

Sep-

07

Jan-

08

May

-08

Sep-

08

Jan-

09

May

-09

Sep-

09

Jan-

10

May

-10

Sep-

10

Jan-

11

May

-11

Sep-

11

Jan-

12

May

-12

Sep-

12

Jan-

13

May

-13

Sep-

13

Jan-

14

May

-14

Sep-

14

Jan-

15

May

-15

Sep-

15

Jan-

16

May

-16

Num

ber of Sales Med

ian

Sale

Pri

ce

Queensland Land Market


FALLING

STEADY

STABILISING RECOVERING

STEADY

RISING

QUEENSLAND HOUSE MARKETS June Qtr 2016

Gold Coast Sunshine Coast (SD) Brisbane (SD) Cairns

Source: REIQ Based on the previous 4 quarters median sale price change and the anual change

Mackay Gladstone Rockhampton Townsville

Bundaberg

Fraser Coast Toowoomba

FALLING

STEADY


STEADY

RISING

QUEENSLAND UNITS MARKETS June Qtr 2016

Bundaberg

Sunshine Coast (SD) Gold Coast Cairns

Mackay Rockhampton Townsville Fraser Coast

Toowoomba Brisbane (SD)

Gladstone


50,000

60,000

70,000

80,000

90,000

100,000

110,000

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000

Jan-

06

May

-06

Sep-

06

Jan-

07

May

-07

Sep-

07

Jan-

08

May

-08

Sep-

08

Jan-

09

May

-09

Sep-

09

Jan-

10

May

-10

Sep-

10

Jan-

11

May

-11

Sep-

11

Jan-

12

May

-12

Sep-

12

Jan-

13

May

-13

Sep-

13

Jan-

14

May

-14

Sep-

14

Jan-

15

May

-15

Sep-

15

Jan-

16

May

-16

Num

ber of Sales Med

ian

Sale

Pri

ce



20,000

25,000

30,000

35,000

40,000

45,000

50,000

55,000

$250,000

$270,000

$290,000

$310,000

$330,000

$350,000

$370,000

$390,000

Jan-

06

May

-06

Sep-

06

Jan-

07

May

-07

Sep-

07

Jan-

08

May

-08

Sep-

08

Jan-

09

May

-09

Sep-

09

Jan-

10

May

-10

Sep-

10

Jan-

11

May

-11

Sep-

11

Jan-

12

May

-12

Sep-

12

Jan-

13

May

-13

Sep-

13

Jan-

14

May

-14

Sep-

14

Jan-

15

May

-15

Sep-

15

Jan-

16

May

-16

Num

ber of Sales Med

ian

Sale

Pri

ce



10,000

15,000

20,000

25,000

30,000

35,000

40,000

$100,000

$120,000

$140,000

$160,000

$180,000

$200,000

$220,000

$240,000

Jan-

06

May

-06

Sep-

06

Jan-

07

May

-07

Sep-

07

Jan-

08

May

-08

Sep-

08

Jan-

09

May

-09

Sep-

09

Jan-

10

May

-10

Sep-

10

Jan-

11

May

-11

Sep-

11

Jan-

12

May

-12

Sep-

12

Jan-

13

May

-13

Sep-

13

Jan-

14

May

-14

Sep-

14

Jan-

15

May

-15

Sep-

15

Jan-

16

May

-16

Num

ber of Sales Med

ian

Sale

Pri

ce



50,000

60,000

70,000

80,000

90,000

100,000

110,000

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000

Jan-

06

May

-06

Sep-

06

Jan-

07

May

-07

Sep-

07

Jan-

08

May

-08

Sep-

08

Jan-

09

May

-09

Sep-

09

Jan-

10

May

-10

Sep-

10

Jan-

11

May

-11

Sep-

11

Jan-

12

May

-12

Sep-

12

Jan-

13

May

-13

Sep-

13

Jan-

14

May

-14

Sep-

14

Jan-

15

May

-15

Sep-

15

Jan-

16

May

-16

Num

ber of Sales Med

ian

Sale

Pri

ce



20,000

25,000

30,000

35,000

40,000

45,000

50,000

55,000

$250,000

$270,000

$290,000

$310,000

$330,000

$350,000

$370,000

$390,000

Jan-

06

May

-06

Sep-

06

Jan-

07

May

-07

Sep-

07

Jan-

08

May

-08

Sep-

08

Jan-

09

May

-09

Sep-

09

Jan-

10

May

-10

Sep-

10

Jan-

11

May

-11

Sep-

11

Jan-

12

May

-12

Sep-

12

Jan-

13

May

-13

Sep-

13

Jan-

14

May

-14

Sep-

14

Jan-

15

May

-15

Sep-

15

Jan-

16

May

-16

Num

ber of Sales Med

ian

Sale

Pri

ce



10,000

15,000

20,000

25,000

30,000

35,000

40,000

$100,000

$120,000

$140,000

$160,000

$180,000

$200,000

$220,000

$240,000

Jan-

06

May

-06

Sep-

06

Jan-

07

May

-07

Sep-

07

Jan-

08

May

-08

Sep-

08

Jan-

09

May

-09

Sep-

09

Jan-

10

May

-10

Sep-

10

Jan-

11

May

-11

Sep-

11

Jan-

12

May

-12

Sep-

12

Jan-

13

May

-13

Sep-

13

Jan-

14

May

-14

Sep-

14

Jan-

15

May

-15

Sep-

15

Jan-

16

May

-16

Num

ber of Sales Med

ian

Sale

Pri

ce



REGION PROPERTY TYPE NUMBER OF

SALES MEDIAN SALE QTRL CHANGE

ANNUAL NUMBER OF

SALES

ANNUAL MEDIAN SALE

1YR CHANGE 5YR CHANGEANNUAL MEDIAN SALE (5YRS AGO)

ANNUAL NUMBER OF SALES (PREV

YEAR)

QUEENSLAND HOUSES 12005 $455,000 0.28% 60594 $453,000 2.95% 10.49% $410,000 64219

QUEENSLAND HOUSES ^ 1749 $520,000 0.39% 9400 $520,000 4.00% 9.47% $475,000 9755

QUEENSLAND UNITS 6025 $375,000 -0.19% 34158 $376,000 -0.27% 3.79% $362,276 39638

QUEENSLAND LAND 1765 $215,000 -1.78% 13254 $219,000 4.29% 17.43% $186,500 16775

QUEENSLAND LAND ^ 362 $220,000 -10.02% 2303 $242,500 3.19% 31.08% $185,000 2485

FALLING

STEADY


STEADY

RISING

QUEENSLAND HOUSE MARKETS June Qtr 2016

Gold Coast Sunshine Coast (SD) Brisbane (SD) Cairns


Mackay Gladstone Rockhampton Townsville

Bundaberg

Fraser Coast Toowoomba

FALLING

STEADY


STEADY

RISING

QUEENSLAND UNITS MARKETS June Qtr 2016

Bundaberg

Sunshine Coast (SD) Gold Coast Cairns

Mackay Rockhampton Townsville Fraser Coast

Toowoomba Brisbane (SD)

Gladstone



STATE-WIDE SUMMARY

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7

STATE-WIDE SUMMARY

JUNE QUARTER 2016

UNIT MARKET

The Brisbane median sale price over the quarter was $395,000 compared to $680,500 in Sydney and $489,000 in Melbourne.

Sydney has the largest number of unit listings at about 32,000, followed by Melbourne at 28,000 and Brisbane at 16,000.

Median days on market and vendor discounting for units generally exceed the median days on market and median discounting for houses. Brisbane days on market and vendor discounting are sitting in the middle range across the capital cities at 47 days and 3.9 per cent, respectively.

BRISBANE COMPARISON TO CAPITAL CITIESBrisbane remains as one the most affordable cities in Australia over the June 2016 quarter for both houses and units, ranking as the third-most affordable capital city after Greater Hobart and Adelaide.

The market indicators (days on market and vendor discount) for Brisbane are generally stronger compared to other capital cities such as Adelaide, Canberra, Perth and Darwin.

HOUSE MARKET

The Brisbane quarterly median sale price was $505,000 compared to $885,210 in Sydney, $612,000 in Melbourne, $611,000 in Canberra, $560,000 in Darwin and $525,000 in Perth. A similar trend and ranking was reported in the annual median sale price of the capital cities.

Melbourne is reporting the largest number of annual listings of about 66,000 compared to Sydney's of 61,000 and Brisbane's 45,000.

Brisbane market indicators are relatively strong compared with other capital cities.

The median days on market are slightly more than one month, just behind Melbourne and Sydney.

Canberra has the lowest vendor discounting at just 2.5 per cent. Melbourne and Sydney are next with a median vendor discount of 3.8 per cent and 4 per cent respectively. Brisbane is median vendor discounting is just slightly higher at 4.1 per cent.

CAPITAL CITIES COMPARISON

HOUSES UNITS

CAPITAL CITIES*

MEDIAN SALES PRICE

(QUARTER)

NUMBER OF SALES (QUARTER)

ANNUAL MEDIAN SALES PRICE

ANNUAL NUMBER

OF SALES

ANNUAL CHANGE

IN MEDIAN SALE PRICE

ANNUAL LISTINGS

MEDIAN DAYS ON

MARKET (DAYS)

MEDIAN VENDOR

DISCOUNT

AVERAGE HOLD

PERIOD (YEARS)

MEDIAN SALES PRICE

(QUARTER)

NUMBER OF SALES (QUARTER)

ANNUAL MEDIAN SALES PRICE

ANNUAL NUMBER

OF SALES

ANNUAL CHANGE

IN MEDIAN SALE PRICE

ANNUAL LISTINGS

MEDIAN DAYS ON

MARKET (DAYS)

MEDIAN VENDOR

DISCOUNT

AVERAGE HOLD

PERIOD (YEARS)

ADELAIDE $440,000 5,370 $430,000 20,707 3.6% 17,995 48 -4.5% 8.7 $350,000 1,834 $345,000 7,022 1.5% 5,746 53 -4.7% 8.6

BRISBANE $505,000 7,966 $500,000 36,520 3.1% 45,477 34 -4.1% 10.6 $395,000 2,930 $405,000 15,751 -1.2% 15,494 47 -3.9% 8.7

CANBERRA $611,000 1,080 $604,500 4,298 6.1% 4,487 44 -2.5% 10.3 $405,000 658 $415,000 3,277 0.0% 2,679 63 -3.4% 9.2

DARWIN $560,000 299 $570,000 1,357 -0.8% 1,642 85 -6.9% 7.9 $465,000 171 $458,900 800 0.9% 991 97 -8.1% 7.3

GREATER HOBART

$365,000 779 $360,000 3,488 2.1% 4,677 37 -4.8% 9.9 $285,000 272 $288,750 1,073 6.9% 1,376 40 -3.7% 9.2

MELBOURNE $612,000 12,356 $605,000 59,068 8.5% 66,249 29 -3.8% 11.8 $489,000 5,801 $485,000 27,774 3.2% 27,227 40 -4.0% 9.7

PERTH $525,000 6,196 $530,000 24,757 -3.6% 34,207 55 -5.5% 9.4 $415,000 1,229 $420,000 5,026 -4.5% 8,125 64 -6.3% 9.0

SYDNEY $885,210 11,962 $890,000 51,793 11.1% 60,896 29 -4.0% 11.6 $680,500 7,515 $678,000 32,772 9.4% 31,696 26 -3.5% 8.5

* All figures for 12 months, ending 31 May 2016

Brisbane remains as one the most affordable cities in Australia over the June 2016 quarter for both houses and units, ranking as the third-most affordable capital city after Greater Hobart and Adelaide.


STATE-WIDE SUMMARY

HOUSES (<2400) UNITS & TOWNHOUSES VACANT LAND (<2400)

LGA/REGION MEDIAN SALE PRICE QTRLY CHANGE MEDIAN SALE PRICE QTRLY CHANGE MEDIAN SALE PRICE QTRLY CHANGE

QUEENSLAND

QUEENSLAND $455,000 0.3% $375,000 -0.2% $215,000 -1.8%

GREATER BRISBANE

BRISBANE SD $495,000 1.2% $400,000 0.0% $223,000 -4.3%

BRISBANE $635,000 1.3% $440,000 -0.2% $366,000 -1.1%

IPSWICH $320,000 -0.3% $238,000 -11.9% $186,400 -4.4%

LOGAN $376,000 0.0% $240,000 -3.7% $189,875 -5.8%

MORETON BAY $410,000 -1.8% $336,500 4.3% $245,000 -2.6%

REDLAND $490,000 -2.0% $381,250 1.0% N/D N/D

TOURISM CENTRES

GOLD COAST $580,156 3.6% $390,000 1.6% $240,000 0.4%

SUNSHINE COAST SD $525,000 1.0% $370,500 -5.0% $267,000 6.8%

SUNSHINE COAST $520,000 1.9% $365,000 -2.7% $255,000 6.3%

NOOSA $610,000 3.0% $467,500 2.4% $350,000 23.9%

FRASER COAST $290,000 -3.8% $250,000 -4.9% $150,000 1.7%

CAIRNS $390,000 0.0% $239,000 3.9% $221,000 8.3%

REGIONAL CENTRES

BUNDABERG $260,000 -5.5% $287,000 16.7% $146,950 -1.0%

GLADSTONE $331,250 -6.7% N/A N/A N/A N/A

MACKAY $316,500 -6.9% $235,000 -2.1% N/A N/A

ROCKHAMPTON $260,000 -3.7% N/A N/A N/A N/A

TOOWOOMBA $343,000 -2.3% $301,500 -2.7% $174,500 0.4%

TOWNSVILLE $339,685 2.9% $280,000 -1.8% $156,450 -5.2%

ON THE MARKET" HOUSES (ALL) UNITS (ALL)

LGA/REGION TOTAL LISTINGS

STOCK ON

MARKET

DAYS ON MARKET

VENDOR DISCOUNT

TOTAL LISTINGS

STOCK ON

MARKET

DAYS ON MARKET

VENDOR DISCOUNT

QUEENSLANDQUEENSLAND 108,706 7.9% 44 -5.0% 40,492 9.0% 53 -4.4%GREATER BRISBANE

BRISBANE SD 45,477 7.2% 34 -4.1% 15,494 8.0% 47 -3.9%

BRISBANE 20,118 6.6% 28 -4.1% 10,614 7.3% 41 -3.8%

IPSWICH 4,464 7.2% 47 -4.6% 535 10.4% 79 -5.1%LOGAN 6,839 7.7% 36 -4.0% 1,523 10.7% 55 -4.1%MORETON BAY 9,897 7.6% 39 -3.9% 2,087 9.3% 71 -4.3%REDLAND 4,159 8.3% 42 -4.1% 735 10.3% 59 -4.4%TOURISM CENTRESGOLD COAST 10,317 8.2% 35 -4.2% 11,948 9.8% 52 -4.4%SUNSHINE COAST SD 8,872 8.6% 54 -4.4% 4,903 10.0% 69 -4.7%SUNSHINE COAST 7,065 8.5% 49 -4.2% 3,839 10.0% 65 -4.5%NOOSA 1,807 9.3% 76 -5.4% 1,064 10.2% 85 -5.0%FRASER COAST 3,710 9.9% 87 -6.7% 597 12.9% 91 -6.4%CAIRNS 3,604 8.0% 52 -5.6% 2,141 9.9% 66 -5.5%REGIONAL QLDBUNDABERG 2,943 8.8% 67 -6.8% 428 11.6% 97 -6.4%GLADSTONE 1,513 6.9% 79 -9.6% 250 6.5% 117 -8.9%MACKAY 2,580 6.7% 82 -11.0% 475 7.5% 116 -15.4%ROCKHAMPTON 2,276 8.2% 69 -8.1% 186 7.9% 80 -5.3%TOOWOOMBA 4,275 8.6% 49 -5.0% 670 8.8% 64 -4.4%TOWNSVILLE 4,146 6.8% 70 -8.2% 1,206 9.7% 78 -8.0%

"All figures are for the 12 months ending May-16

SD - Statistical Division: Brisbane SD (Brisbane, Ipswich, Logan, Moreton Bay & Redland); Sunshine Coast SD (Sunshine Coast & Noosa)

N/A: Not available due to insufficient sales numbersN/D: Not displayed due to price movements potentially driven by type of stock transacting

9

STATE-WIDE SUMMARY

JUNE QUARTER 2016

FOR FULL ON THE MARKET AND RENTAL MARKET STATISTICS BY LOCAL GOVERNMENT AREA, SEE PAGE 52-54

VACANCY RATES

LGA/REGION JUN-16 TRENDGREATER BRISBANEBRISBANE SD 2.5% STEADYBRISBANE 2.8% STEADYIPSWICH 1.1% DOWNLOGAN 2.8% UPMORETON BAY 1.7% DOWNREDLAND 2.3% UPTOURISM CENTRESGOLD COAST 1.4% STEADYSUNSHINE COAST SD 1.4% STEADYSUNSHINE COAST 1.2% STEADYNOOSA 2.4% UPFRASER COAST 4.1% UPCAIRNS 1.9% STEADYREGIONAL QLDBUNDABERG 6.3% UPGLADSTONE 10.2% DOWNMACKAY 7.7% DOWNROCKHAMPTON 6.5% DOWNTOOWOOMBA 2.3% DOWNTOWNSVILLE 5.7% STEADY

See page 54 for full vacancy rate data

* change greater than $20 (rents) or 0.5 pts (yields)

RENTAL TRENDS MEDIAN WEEKLY RENT GROSS RENTAL YIELDS

LGA/REGION 3-BED HOUSE 2-BED FLAT 3-BED TOWNHOUSE HOUSES UNITS

GREATER BRISBANE QUARTERLY TREND

QUARTERLY TREND

QUARTERLY TREND

QUARTERLY TREND

QUARTERLY TREND

BRISBANE $420 DOWN $400 DOWN $420 DOWN 3.4% STEADY 4.7% STEADYIPSWICH $300 DOWN $265 UP $325 UP 4.9% STEADY 5.8% STEADYLOGAN $350 UP $270 STEADY $335 DOWN 4.8% STEADY 5.9% STEADYMORETON BAY $350 STEADY $285 STEADY $350 UP 4.4% STEADY 4.4% DOWNREDLAND $395 UP $340 DOWN $400 UP 4.2% STEADY 4.6% STEADYTOURISM CENTRESGOLD COAST $460 STEADY $395 STEADY $400 DOWN 4.1% STEADY 5.3% STEADYSUNSHINE COAST $430 STEADY $340 STEADY $410 STEADY 4.3% STEADY 4.8% STEADYNOOSA $445 DOWN $390 STEADY $500 DOWN* 3.8% DOWN* 4.3% STEADYFRASER COAST $290 STEADY $245 DOWN $320 UP 5.2% STEADY 5.1% STEADYCAIRNS $360 STEADY $285 DOWN $330 DOWN* 4.8% STEADY 6.2% DOWN*REGIONAL QLDBUNDABERG $280 STEADY $230 STEADY $285 STEADY 5.6% UP 4.2% DOWN*GLADSTONE $220 DOWN* $160 DOWN* $215 DOWN* 3.5% DOWN 3.3% STEADYMACKAY $280 DOWN $200 STEADY $290 DOWN 4.6% STEADY 4.4% DOWNROCKHAMPTON $280 DOWN $200 DOWN* $340 STEADY 5.6% STEADY 4.3% STEADYTOOWOOMBA $300 STEADY $245 DOWN $340 UP 4.5% STEADY 4.2% STEADYTOWNSVILLE $300 DOWN $250 DOWN $300 DOWN* 4.6% STEADY 4.6% DOWN*

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BRISBANE MARKET UPDATES

GREATER BRISBANE

The long lead up to the federal election reduced demand in the property market over the June quarter and Brisbane statistical division was not isolated from this event. Despite the negative impact, the residential property market, particularly the house market, in Outer Brisbane remained stable and confidence returned to the market after the election.

The quarterly median sale price for houses in Brisbane SD increased by 1.2 per cent over the June quarter. However, Redland and Moreton Bay median sale price contracted, while Ipswich and Logan remained relatively unchanged.

The unit median sale price in Brisbane SD remained at $400,000 over the quarter. However, over the past 12 months, the annual median sale price has reduced by 1.8 per cent, pulled down by median contractions in Redland, Logan and Ipswich.

Outer Brisbane remains an affordable residential property market and also an attractive investment opportunity for interstate investors. Affordability and proximity to the third-largest capital city in Australia continues to attract buyer interest.

Areas such as the masterplanned community at Rochedale estate in Logan and the Aveo retirement complex in Springfield (Ipswich) are bringing growth to Outer Brisbane.

The Rochedale estate is currently in its fifth stage, with an expected total project investment of $380 million. Since release in 2011, Aveo Property Group has sold more than 600 residential lots. Similarly, the $1.7 billion Avecomplex in Springfield is well under way.

Moreton Bay is now seeing an injection from the State Government through investment in the Bruce Highway upgrades and the Moreton Bay rail line upgrade.

The Outer Brisbane residential property market performance remains positive for houses while the unit market may struggle in some areas. However, the outlook for the property market in Outer Brisbane is positive due to the scale of economic activity in the region.

HOUSE MARKET

Redland recorded the largest contraction in the median sale price of 2 per cent, followed by a 1.8 per cent fall in Moreton Bay. Ipswich and Logan median sale price remained relatively stable over the quarter.

Logan and Moreton Bay recorded the largest annual median sale price increase of 4.2 per cent and 4 per cent, respectively. While Redland recorded the largest five-year increase in median sale price of 9 per cent.

Local real estate agents noted an increase in enquiries for appraisals. However, the conversion from appraisals to listings is becoming very challenging. Another challenge in Outer Brisbane is the lack of quality stock in the property market and when quality stock is released, the property sells very quickly and with multiple offers. This is in line with the 12 months reduction to May 2016 in the median days on market and median vendor discount throughout all the Outer Brisbane areas. Over the past 12 months to May 2016, the number of listings has also contracted in Ipswich and Moreton Bay.

Market trend statistics show a good performance in all areas in Outer Brisbane with days on market sitting well below two months and vendor discount sitting below 4.7 per cent.

Buyers are primarily first home buyers and families looking to upgrade. The largest volume of sales in Logan, Moreton Bay and Redland is sitting between $350,000 and $500,000. Ipswich is the most affordable area in Greater Brisbane with the largest volume of sale being below $350,000.

UNIT MARKET

The unit market in Outer Brisbane continued contracting over the June quarter with Ipswich and Logan, showing a reduction in the median sale price. Moreton Bay median sale price recovered after two consecutive large drops in March and December quarters. Ipswich recorded the largest contraction in the quarter of 11.9 per cent, with the median sale price reducing from $270,000 to $238,000.

The market activity, measured by the volume of sales, reduced across all areas in Outer Brisbane over the quarter and the past 12 months. The number of unit listings across Outer Brisbane, on the other hand, increased or remained unchanged on relative terms. These trends triggered an increase in the stock on market in Brisbane statistical division from 7.4 per cent in May 2015 to 8 per cent in May 2016.

The unit market, in some instances, is experiencing longer days on market and higher vendor discount compared to the house market. However, the market trend indicators remain at acceptable levels with days on market fluctuating between 1.5 and 2.5 months and vendor discount generally fluctuating between 4 and 5 per cent throughout Greater Brisbane.

Brisbane statistical division median sale price for units showed an increase of 4.8 per cent over a five-year period to June 2016. The increase was primarily driven by price increases in Brisbane, Moreton Bay, Redland and Ipswich. Logan was the only local government area in Outer Brisbane reporting a medium term drop in the vicinity of 11.3 per cent.

11 JUNE QUARTER 2016


RENTAL MARKET

The rental market in Outer Brisbane is generally performing in the tight range with vacancy rates of 1.1 per cent in Ipswich, 1.7 per cent in Moreton Bay and 2.3 per cent in Redland. Logan vacancy rate is sitting at 2.8 per cent, which is considered to be operating in the healthy range.

New homes in the rental market are performing well with the median weekly rent for three-bedroom houses in Logan and Moreton Bay increasing by $5 over the 12 months to June 2016. The median weekly rent for three-bedroom houses in Redland and Ipswich remained unchanged over 12 months.

The rental unit market is more competitive than the rental house market. However, median weekly rent for two-bedroom units and three-bedroom townhouses generally showed a small increase or remained unchanged.

The gross rental yields for houses fluctuated between four and five per cent in June with Ipswich reporting the largest gross yields for houses of 4.9 per cent and Logan reporting the largest gross rental yield for units of 5.9 per cent.

BRISBANE (SD) 6397 $495,000 1.2% $490,000 3.2% 10.1% $445,000

BRISBANE (SD) ^ 532 $600,000 -2.4% $600,000 3.5% 6.2% $565,000

IPSWICH (LGA) 632 $320,000 -0.3% $322,000 1.6% 2.9% $313,000

IPSWICH (LGA) ^ 59 $550,000 5.8% $505,000 7.5% 0.0% $505,000

AUGUSTINE HEIGHTS 19 N/A N/A $512,500 -0.5% 6.1% $483,000

BELLBIRD PARK 15 N/A N/A $332,500 2.0% 5.9% $314,000

BASIN POCKET 8 N/A N/A $244,250 9.3% 10.0% $222,000

BOOVAL 14 N/A N/A $279,000 3.3% 2.4% $272,500

BRASSALL 36 $334,500 2.3% $327,250 2.4% -1.2% $331,250

BUNDAMBA 17 N/A N/A $286,000 2.3% 4.0% $275,000

CAMIRA 22 $380,000 3.4% $365,000 4.6% 8.0% $338,000

COALFALLS 6 N/A N/A $310,000 6.2% -0.8% $312,500

COLLINGWOOD PARK 21 $313,500 -1.4% $318,000 4.3% 1.0% $315,000

DEEBING HEIGHTS 5 N/A N/A $379,000 -1.6% -19.8% $472,500

EAST IPSWICH 7 N/A N/A $280,000 4.7% 5.7% $265,000

EASTERN HEIGHTS 22 $297,000 8.0% $275,000 1.9% 0.0% $275,000

FLINDERS VIEW 24 $370,000 1.0% $362,000 4.4% 4.0% $348,000

GAILES 7 N/A N/A $255,000 7.9% 2.8% $248,000

GOODNA 33 $315,500 3.0% $305,000 7.0% 6.1% $287,500

IPSWICH 9 N/A N/A $300,000 -12.7% 0.0% $300,000

KARALEE ^ 17 N/A N/A $551,250 9.2% 4.4% $528,000

LEICHHARDT 19 N/A N/A $223,500 1.6% -4.9% $235,000

NEWTOWN 7 N/A N/A $295,000 -9.2% -13.0% $339,000

NORTH BOOVAL 7 N/A N/A $270,000 5.1% -1.8% $275,000

NORTH IPSWICH 26 $271,500 -7.6% $275,000 4.6% 0.0% $275,000

ONE MILE 11 N/A N/A $235,000 -2.1% -0.8% $237,000

RACEVIEW 33 $312,750 3.1% $310,000 1.0% 3.3% $300,000

REDBANK 7 N/A N/A $308,000 5.3% -0.6% $310,000

REDBANK PLAINS 74 $322,000 0.6% $320,000 3.6% 8.5% $295,000

RIPLEY 1 N/A N/A $341,000 4.9% 3.1% $330,750

RIVERVIEW 15 N/A N/A $245,000 11.1% 6.5% $230,000

ROSEWOOD 5 N/A N/A $249,000 -8.8% -11.1% $280,000

SADLIERS CROSSING 4 N/A N/A $339,000 19.0% 17.9% $287,500

SILKSTONE 19 N/A N/A $289,500 13.3% 12.6% $257,000

SPRINGFIELD 21 $410,358 -2.3% $405,000 5.2% 11.3% $364,000

SPRINGFIELD LAKES 65 $427,000 3.1% $419,500 1.1% 7.3% $391,000

WOODEND 4 N/A N/A $285,000 -6.6% -16.2% $340,000

WULKURAKA 5 N/A N/A $312,000 10.4% 0.6% $310,000

YAMANTO 12 N/A N/A $382,500 -7.8% 9.3% $350,000

LOGAN (LGA) 851 $376,000 0.0% $370,000 4.2% 4.2% $355,000

LOGAN (LGA) ^ 181 $552,500 -1.3% $550,000 5.8% 10.0% $500,000

BEENLEIGH 24 $325,000 0.0% $315,000 1.6% -1.8% $320,762

BETHANIA 16 N/A N/A $320,000 6.7% 6.7% $300,000

BORONIA HEIGHTS 23 $347,500 1.2% $330,000 4.5% 7.0% $308,500

BROWNS PLAINS 13 N/A N/A $326,105 5.0% 7.4% $303,500

CEDAR GROVE ^ 5 N/A N/A $446,000 6.4% 14.0% $391,250

CEDAR VALE ^ 18 N/A N/A $468,500 4.1% 6.7% $439,000

CHAMBERS FLAT ^ 2 N/A N/A $587,500 13.5% 33.5% $440,000

CORNUBIA ^ 6 N/A N/A $760,000 2.0% 19.2% $637,500

CORNUBIA 16 N/A N/A $490,000 -3.9% 4.3% $469,750

CRESTMEAD 50 $325,750 1.2% $319,250 6.2% 3.9% $307,250

DAISY HILL 27 $483,000 6.2% $462,500 2.4% 5.7% $437,500

EAGLEBY 50 $302,500 0.8% $290,000 8.4% 4.0% $278,750

EDENS LANDING 22 $373,500 1.4% $350,000 6.2% -1.8% $356,250

FORESTDALE ^ 7 N/A N/A $745,000 8.0% 15.5% $645,000

GREENBANK ^ 16 N/A N/A $560,000 6.7% 10.2% $508,000

HERITAGE PARK 16 N/A N/A $428,000 5.4% 12.6% $380,000

HILLCREST 23 $329,167 -8.6% $350,500 5.5% 2.4% $342,250

HOLMVIEW 3 N/A N/A $355,000 -0.8% 10.1% $322,500

JIMBOOMBA 12 N/A N/A $389,000 5.3% 1.0% $385,000

JIMBOOMBA ^ 29 $499,000 2.4% $480,000 5.5% 4.6% $458,750

KINGSTON 47 $310,000 7.3% $305,000 9.3% 11.4% $273,750

LOGAN CENTRAL 16 N/A N/A $312,000 10.7% 17.7% $265,000

LOGAN RESERVE 10 N/A N/A $368,550 -3.3% 9.4% $337,000

LOGAN VILLAGE ^ 11 N/A N/A $521,000 5.9% 15.1% $452,500

LOGANHOLME 20 $378,750 -5.3% $395,100 6.8% 10.9% $356,250

LOGANLEA 23 $350,000 -1.4% $347,500 7.3% 12.7% $308,250

SALES MARKET - HOUSES

SUBURB/LGA NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

FALLING

STEADY


STEADY

RISING

GREATER BRISBANE HOUSE MARKET June Qtr 2016

Brisbane Logan Moreton Bay Redland

Ipswich

Source: REIQ Based on the previous 4 quarters median sale price change and the annual change

FALLING

STEADY


STEADY

RISING

GREATER BRISBANE UNITS MARKETS June Qtr 2016


Brisbane Ipswich

Moreton Bay Logan Redland

FALLING

STEADY


STEADY

RISING

GREATER BRISBANE HOUSE MARKET June Qtr 2016

Brisbane Logan Moreton Bay Redland

Ipswich


FALLING

STEADY


STEADY

RISING

GREATER BRISBANE UNITS MARKETS June Qtr 2016


Brisbane Ipswich

Moreton Bay Logan Redland



WAMURAN ^ 10 N/A N/A $565,000 7.1% 5.4% $536,000

WARNER 36 $503,000 -1.4% $490,000 2.1% 5.4% $465,000

WARNER ^ 1 N/A N/A $797,550 5.6% 17.3% $680,000

WOODY POINT 19 N/A N/A $450,000 5.9% 12.8% $399,000

REDLAND (LGA) 549 $490,000 -2.0% $492,500 2.6% 9.0% $452,000

REDLAND (LGA) ^ 28 $915,000 -0.2% $880,000 3.5% 12.8% $780,000

ALEXANDRA HILLS 56 $422,250 -3.0% $430,000 3.6% 7.5% $400,000

BIRKDALE 53 $520,000 -2.8% $520,000 4.1% 16.9% $445,000

CAPALABA 53 $447,000 -0.2% $445,000 3.5% 10.8% $401,500

CAPALABA ^ 7 N/A N/A $865,000 4.2% 10.9% $780,000

CLEVELAND 56 $552,000 -8.8% $580,000 7.4% 16.0% $500,000

MACLEAY ISLAND 15 N/A N/A $223,500 0.7% -11.9% $253,750

MOUNT COTTON 26 $504,999 1.6% $487,000 1.8% 4.4% $466,500

ORMISTON 20 $612,500 6.2% $620,000 -1.2% 14.3% $542,500

REDLAND BAY 60 $490,000 -7.4% $525,750 3.1% 9.5% $480,000

RUSSELL ISLAND 29 $204,050 13.4% $185,000 8.8% -13.3% $213,500

THORNESIDE 5 N/A N/A $512,500 10.0% 13.6% $451,000

THORNLANDS 57 $600,000 14.2% $550,000 4.0% 5.8% $520,000

THORNLANDS ^ 6 N/A N/A $1,015,000 18.3% 18.7% $855,000

VICTORIA POINT 59 $482,000 -9.0% $512,000 6.7% 7.7% $475,500

WELLINGTON POINT 44 $600,000 0.5% $567,500 -0.4% 5.5% $538,000

SURROUNDS

LOCKYER VALLEY (LGA) 41 $226,250 -9.5% $250,000 1.6% -6.5% $267,500

LOCKYER VALLEY (LGA) ^ 64 $335,000 -4.2% $350,000 -1.1% 2.2% $342,500

GATTON 23 $240,000 -6.3% $256,000 -1.5% -10.2% $285,000

KENSINGTON GROVE ^ 10 N/A N/A $385,000 5.5% 12.4% $342,500

LAIDLEY 14 N/A N/A $235,000 4.9% -6.0% $250,000

LAIDLEY HEIGHTS ^ 4 N/A N/A $287,500 -2.5% -12.1% $327,000

REGENCY DOWNS ^ 6 N/A N/A $312,500 6.8% -2.6% $321,000

SCENIC RIM (LGA) 80 $370,000 4.2% $363,500 1.0% -3.4% $376,250

SCENIC RIM (LGA) ^ 77 $480,000 1.6% $485,000 -4.9% 6.2% $456,500

BEAUDESERT 18 N/A N/A $317,500 -3.8% -0.8% $320,000

BOONAH 8 N/A N/A $270,000 5.3% 1.9% $265,000

KOORALBYN ^ 10 N/A N/A $341,000 10.0% 9.1% $312,500

TAMBORINE ^ 18 N/A N/A $547,500 2.3% 0.9% $542,450

TAMBORINE MOUNTAIN 36 $469,000 4.2% $470,000 7.4% 2.7% $457,500

TAMBORINE MOUNTAIN ^ 7 N/A N/A $797,500 28.1% 21.8% $655,000

SOMERSET (LGA) 43 $229,000 -1.2% $238,000 -4.8% -11.0% $267,500

SOMERSET (LGA) ^ 50 $333,000 -5.4% $360,000 -5.3% 1.1% $356,000

FERNVALE 7 N/A N/A $335,000 -4.3% -2.9% $345,000

KILCOY 12 N/A N/A $215,000 -11.3% -20.4% $270,000

LOWOOD 7 N/A N/A $237,500 -0.6% -6.9% $255,000

SALES MARKET - HOUSES (CONT’D)

SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

MARSDEN 47 $340,000 -2.9% $345,000 4.6% 4.9% $328,750

MEADOWBROOK 10 N/A N/A $395,210 4.0% 4.0% $380,000

MOUNT WARREN PARK 15 N/A N/A $371,000 7.2% 3.6% $358,000

MUNRUBEN ^ 6 N/A N/A $526,000 2.1% 5.6% $498,000

NEW BEITH ^ 12 N/A N/A $570,000 4.4% 8.2% $527,000

REGENTS PARK 46 $425,000 14.9% $380,000 5.6% 3.8% $366,000

ROCHEDALE SOUTH 46 $478,000 -2.5% $477,500 6.5% 17.9% $405,000

SHAILER PARK 47 $515,000 -0.5% $519,000 3.8% 10.4% $470,000

SLACKS CREEK 50 $325,000 1.6% $322,000 2.9% 10.1% $292,500

SPRINGWOOD 32 $485,000 1.7% $475,500 7.3% 16.0% $410,000

TANAH MERAH 19 N/A N/A $402,000 -0.7% 3.1% $390,000

UNDERWOOD 15 N/A N/A $499,500 2.3% 12.5% $444,000

WATERFORD 22 $397,250 -7.7% $413,138 9.3% 6.1% $389,500

WATERFORD WEST 13 N/A N/A $347,500 8.9% 12.1% $310,000

WINDAROO 9 N/A N/A $424,500 -0.1% 10.3% $385,000

WOODRIDGE 20 $282,500 -8.2% $300,000 9.1% 14.3% $262,500

MORETON BAY (LGA) 1219 $410,000 -1.8% $415,000 4.0% 7.2% $387,000

MORETON BAY (LGA) ^ 187 $590,000 -4.8% $605,000 0.8% 4.3% $580,000

ALBANY CREEK 61 $580,000 3.6% $565,000 6.3% 13.6% $497,500

ARANA HILLS 18 N/A N/A $513,350 5.9% 20.5% $426,000

BANKSIA BEACH 18 N/A N/A $530,000 9.3% 9.6% $483,750

BEACHMERE 24 $312,950 -8.6% $317,500 -3.8% -11.2% $357,500

BELLARA 20 $330,000 -3.7% $325,000 -1.5% -1.2% $329,000

BELLMERE 16 N/A N/A $340,250 1.6% -2.8% $349,950

BONGAREE 22 $390,000 -3.1% $399,500 3.8% -3.0% $412,000

BRAY PARK 39 $400,000 3.0% $392,000 4.0% 10.4% $355,000

BUNYA ^ 2 N/A N/A $820,000 9.3% -2.4% $840,000

BURPENGARY 29 $367,500 -4.8% $390,000 4.0% 10.6% $352,500

BURPENGARY ^ 10 N/A N/A $550,000 0.9% 3.8% $530,000

BURPENGARY EAST 4 N/A N/A $439,000 7.3% -28.0% $609,750

BURPENGARY EAST ^ 11 N/A N/A $585,500 10.3% 10.0% $532,500

CABOOLTURE 71 $318,500 -1.9% $317,000 9.3% 5.7% $300,000

CABOOLTURE ^ 16 N/A N/A $517,950 7.9% 10.2% $470,000

CABOOLTURE SOUTH 18 N/A N/A $279,500 3.1% -3.0% $288,000

CASHMERE 8 N/A N/A $615,000 -6.5% 7.0% $575,000

CLONTARF 26 $385,000 -5.4% $411,000 5.4% 16.5% $352,750

DAKABIN 5 N/A N/A $450,000 -0.6% 4.7% $430,000

DECEPTION BAY 70 $331,500 0.5% $330,000 4.8% 8.2% $305,000

EATONS HILL 24 $517,000 -9.6% $546,000 0.3% 6.4% $513,250

ELIMBAH ^ 13 N/A N/A $511,250 0.3% 8.8% $470,000

EVERTON HILLS 20 $535,000 6.2% $525,000 5.4% 11.9% $469,000

FERNY HILLS 26 $525,000 2.8% $515,000 7.3% 18.4% $435,000

GRIFFIN 18 N/A N/A $450,000 3.7% 6.8% $421,180

JOYNER 10 N/A N/A $465,000 -12.7% -2.6% $477,500

KALLANGUR 95 $364,000 2.5% $365,000 4.1% 5.8% $345,000

KIPPA-RING 25 $410,000 -0.5% $400,000 7.0% 15.6% $346,000

LAWNTON 18 N/A N/A $364,000 1.7% 10.3% $330,000

MANGO HILL 17 N/A N/A $480,000 6.0% 8.6% $442,000

MARGATE 28 $405,000 -4.7% $402,500 0.0% 7.8% $373,500

MORAYFIELD 52 $340,000 -1.5% $338,500 6.6% 6.1% $319,000

MORAYFIELD ^ 18 N/A N/A $555,500 2.6% 4.8% $530,000

MURRUMBA DOWNS 29 $449,000 -12.0% $465,000 2.2% 12.0% $415,000

NARANGBA 56 $426,000 -4.3% $440,000 1.2% 6.9% $411,650

NARANGBA ^ 3 N/A N/A $700,000 10.2% 29.9% $538,750

NEWPORT 10 N/A N/A $840,000 5.0% 7.0% $785,000

NINGI 9 N/A N/A $372,500 5.2% -5.6% $394,500

NINGI ^ 9 N/A N/A $520,000 0.2% 11.8% $465,000

NORTH LAKES 84 $465,000 -0.4% $465,000 3.3% 5.7% $440,000

PETRIE 21 $430,000 2.3% $408,250 3.6% 8.1% $377,500

REDCLIFFE 34 $423,000 3.2% $408,500 5.4% 9.8% $372,000

ROTHWELL 23 $388,500 -6.4% $400,000 1.0% 5.3% $380,000

SAMFORD VALLEY ^ 6 N/A N/A $891,000 2.4% 10.0% $810,000

SANDSTONE POINT 25 $390,000 -6.0% $395,500 4.5% 3.8% $381,000

SCARBOROUGH 35 $497,250 2.0% $481,000 0.6% 12.5% $427,500

STRATHPINE 28 $382,750 0.7% $368,500 3.8% 7.0% $344,500

TOORBUL 3 N/A N/A $301,250 9.6% -6.6% $322,500

UPPER CABOOLTURE 5 N/A N/A $347,500 5.3% 5.6% $329,000

UPPER CABOOLTURE ^ 8 N/A N/A $545,000 5.7% 7.5% $507,000


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)



BRISBANE (SD) 2444 $400,000 0.0% $402,500 -1.8% 4.8% $384,000

IPSWICH (LGA) 82 $238,000 -11.9% $300,000 -0.6% 3.4% $290,000

BRASSALL 9 N/A N/A $263,000 3.1% -12.3% $300,000

BROOKWATER 12 N/A N/A $495,000 33.4% 39.4% $355,000

BUNDAMBA 5 N/A N/A $306,900 1.3% 47.9% $207,500

GOODNA 5 N/A N/A $310,000 19.7% 25.5% $247,000

REDBANK PLAINS 12 N/A N/A $245,000 7.0% -23.0% $318,000

SPRINGFIELD LAKES 1 N/A N/A $385,900 1.1% 88.2% $205,000

LOGAN (LGA) 231 $240,000 -3.7% $248,250 -1.0% -11.3% $280,000

BEENLEIGH 25 $215,000 -3.4% $210,000 9.8% -8.7% $230,000

BORONIA HEIGHTS 8 N/A N/A $255,000 2.0% 16.2% $219,500

DAISY HILL 3 N/A N/A $367,500 23.1% 16.7% $315,000

EAGLEBY 16 N/A N/A $230,000 11.7% -25.8% $310,000

EDENS LANDING 3 N/A N/A $218,000 3.8% -12.8% $250,000

HILLCREST 7 N/A N/A $229,000 0.9% -27.5% $316,000

KINGSTON 5 N/A N/A $275,000 -1.9% -18.5% $337,500

LOGAN CENTRAL 6 N/A N/A $190,000 2.7% -15.6% $225,000

MARSDEN 3 N/A N/A $326,000 -1.5% 0.9% $323,000

MEADOWBROOK 4 N/A N/A $259,000 1.5% 4.9% $247,000

MOUNT WARREN PARK 11 N/A N/A $215,000 0.0% 0.5% $214,000

ROCHEDALE SOUTH 6 N/A N/A $294,000 6.9% 6.1% $277,111

SHAILER PARK 5 N/A N/A $272,000 -1.1% -12.0% $309,000

SLACKS CREEK 21 $205,000 -8.9% $218,250 3.9% -5.7% $231,500

SPRINGWOOD 13 N/A N/A $269,000 -3.1% 0.0% $269,000

UNDERWOOD 4 N/A N/A $387,000 3.2% 0.7% $384,500

WATERFORD WEST 7 N/A N/A $212,000 4.4% -5.3% $223,750

WOODRIDGE 34 $208,000 -0.2% $199,625 6.8% -0.2% $200,000

MORETON BAY (LGA) 326 $336,500 4.3% $347,950 3.6% 3.9% $335,000

ALBANY CREEK 9 N/A N/A $427,500 2.5% 14.0% $375,000

BELLARA 10 N/A N/A $287,000 24.8% 160.9% $110,000

BONGAREE 18 N/A N/A $295,000 -3.3% -3.3% $305,000

BRENDALE 23 $250,000 -12.3% $265,000 -7.0% -0.8% $267,250

BURPENGARY 9 N/A N/A $260,000 -13.3% -17.5% $315,000

CABOOLTURE 19 N/A N/A $202,500 5.8% -21.1% $256,750

CLONTARF 13 N/A N/A $335,000 -18.0% 2.8% $326,000

DECEPTION BAY 12 N/A N/A $240,000 -2.0% -31.2% $349,000

KALLANGUR 15 N/A N/A $305,750 -7.2% -2.9% $315,000

KIPPA-RING 11 N/A N/A $281,500 2.6% -16.5% $337,000

LAWNTON 6 N/A N/A $240,000 -0.2% -12.6% $274,450

MANGO HILL 7 N/A N/A $360,000 -2.7% -4.0% $375,000

MARGATE 7 N/A N/A $378,000 5.0% 5.9% $357,000

MORAYFIELD 12 N/A N/A $228,000 -17.1% -28.8% $320,000

MURRUMBA DOWNS 11 N/A N/A $330,500 -4.2% -4.8% $347,000

NORTH LAKES 17 N/A N/A $372,000 1.9% 5.1% $353,900

PETRIE 2 N/A N/A $329,000 -2.1% -6.9% $353,500

REDCLIFFE 28 $363,000 6.8% $360,000 -2.0% -13.3% $415,000

SCARBOROUGH 22 $482,500 1.1% $475,000 13.1% 20.6% $394,000

STRATHPINE 10 N/A N/A $272,250 4.1% -6.1% $290,000

WOODY POINT 13 N/A N/A $410,000 24.2% 26.8% $323,250

WOORIM 5 N/A N/A $320,000 -7.5% -15.8% $380,000

REDLAND (LGA) 93 $381,250 1.0% $385,000 -2.3% 8.5% $355,000

BIRKDALE 6 N/A N/A $405,000 9.5% 23.9% $327,000

CAPALABA 13 N/A N/A $352,000 -4.5% 16.7% $301,750

CLEVELAND 21 $435,000 14.0% $390,000 -6.6% -2.5% $400,000

ORMISTON 17 N/A N/A $389,000 5.4% 4.6% $372,000

THORNESIDE 8 N/A N/A $318,125 3.5% 7.8% $295,000

THORNLANDS 0 N/A N/A $395,000 0.0% -12.2% $450,000

VICTORIA POINT 6 N/A N/A $360,000 -0.8% 10.3% $326,250

WELLINGTON POINT 9 N/A N/A $443,900 -2.9% 30.6% $340,000

SALES MARKET - UNITS & TOWNHOUSES

SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

BRISBANE (SD) 967 $223,000 -4.3% $226,900 5.1% 10.7% $205,000

BRISBANE (SD) ^ 80 $286,000 2.1% $280,000 1.8% -1.0% $282,700

IPSWICH (LGA) 147 $186,400 -4.4% $184,700 2.6% 2.6% $180,000

IPSWICH (LGA) ^ 10 N/A N/A $250,000 0.9% 0.0% $250,000

BELLBIRD PARK 13 N/A N/A $222,950 1.7% -7.1% $240,000

BRASSALL 14 N/A N/A $179,500 -3.0% 0.8% $178,125

DEEBING HEIGHTS 17 N/A N/A $182,500 0.5% -12.5% $208,500

KARALEE ^ 5 N/A N/A $280,000 3.7% 7.7% $260,000

LEICHHARDT 7 N/A N/A $152,500 3.4% -14.1% $177,475

REDBANK PLAINS 38 $159,700 -2.7% $161,475 4.2% -7.7% $175,000

SPRINGFIELD LAKES 12 N/A N/A $215,000 6.4% 17.5% $183,000

LOGAN (LGA) 188 $189,875 -5.8% $189,500 4.1% -9.3% $209,000

LOGAN (LGA) ^ 40 $300,000 4.4% $279,000 5.3% 9.4% $255,000

BUCCAN ^ 12 N/A N/A $300,000 3.5% -9.1% $330,000

CORNUBIA 3 N/A N/A $365,000 3.6% 65.9% $220,000

CRESTMEAD 0 N/A N/A $199,000 -5.2% -2.9% $205,000

HOLMVIEW 4 N/A N/A $213,600 18.7% -0.6% $214,900

JIMBOOMBA 8 N/A N/A $166,500 -0.8% -9.6% $184,125

JIMBOOMBA ^ 4 N/A N/A $269,000 7.1% 22.3% $220,000

LOGAN VILLAGE 1 N/A N/A $256,000 2.4% 4.5% $245,000

LOGANLEA 1 N/A N/A $215,000 10.0% -4.4% $225,000

MARSDEN 3 N/A N/A $216,000 8.8% 9.1% $198,000

NEW BEITH ^ 5 N/A N/A $289,000 -1.0% 10.7% $261,000

WATERFORD 1 N/A N/A $198,500 10.6% 2.6% $193,500

YARRABILBA 118 $174,000 -2.4% $175,750 6.6% N/A N/A

MORETON BAY (LGA) 214 $245,000 -2.6% $245,000 8.9% 21.3% $202,000

MORETON BAY (LGA) ^ 23 $275,000 1.9% $275,000 -5.2% -19.1% $340,000

BANKSIA BEACH 4 N/A N/A $365,000 -9.9% -15.1% $430,000

CABOOLTURE 13 N/A N/A $187,000 2.2% -2.6% $191,900

CABOOLTURE ^ 10 N/A N/A $270,000 3.9% -1.8% $275,000

DAKABIN 5 N/A N/A $230,000 5.0% 10.6% $208,000

GRIFFIN 29 $255,000 -1.7% $250,000 5.0% 19.6% $209,000

KALLANGUR 2 N/A N/A $229,000 -2.4% 9.1% $209,858

MANGO HILL 57 $265,000 3.5% $266,000 10.8% 2.3% $260,000

MORAYFIELD 4 N/A N/A $177,000 -3.3% -9.2% $195,000

NARANGBA 21 $220,300 0.8% $215,000 3.1% 0.2% $214,500

NORTH LAKES 10 N/A N/A $291,000 15.3% 42.0% $205,000

WARNER 5 N/A N/A $259,450 8.3% 12.8% $230,000

REDLAND (LGA) 200 N/D N/D $60,000 -76.7% -74.9% $239,000

BIRKDALE 1 N/A N/A $317,500 2.8% 5.0% $302,500

MACLEAY ISLAND 23 $35,000 25.0% $30,000 -9.1% -41.7% $51,500

MOUNT COTTON 3 N/A N/A $263,000 -0.8% -0.9% $265,500

REDLAND BAY 10 N/A N/A $295,000 3.5% 0.0% $295,000

RUSSELL ISLAND 115 $20,000 1.3% $19,500 5.4% -39.5% $32,250

THORNLANDS 26 $326,250 1.2% $320,500 10.1% 12.5% $285,000

WELLINGTON POINT 1 N/A N/A $400,000 7.5% 21.2% $330,000

SURROUNDS

LOCKYER VALLEY (LGA) 11 N/A N/A $125,000 25.0% -3.1% $129,000

LOCKYER VALLEY (LGA) ^

29 $140,000 0.0% $141,750 9.0% 2.0% $139,000

KENSINGTON GROVE ^ 4 N/A N/A $153,900 4.0% 6.9% $144,000

SCENIC RIM (LGA) 11 N/A N/A $182,700 1.6% -0.8% $184,099

SCENIC RIM (LGA) ^ 14 N/A N/A $187,500 -16.7% 2.2% $183,500

GLENEAGLE 3 N/A N/A $182,900 1.7% 3.0% $177,500

SOMERSET (LGA) 6 N/A N/A $139,450 -3.8% 5.6% $132,000

FERNVALE 1 N/A N/A $152,000 1.7% 5.2% $144,500

SALES MARKET - VACANT LAND

SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)



4514

WOODFORD/ BELLTHORPE/ BRACALBA/ CEDARTON/ D'AGUILAR/ DELANEYS CK/ NEURUM/ STANMORE/ STONEY CK/ VILLENEUVE

$330 13 $300 11

REDLAND CITY $395 283 $395 322

4157 CAPALABA/ SHELDON $405 26 $395 35

4158 THORNSIDE $385 10 $400 7

4159 BIRKDALE/ AQUATIC PARADISE/ MERIDIAN PT $420 21 $400 25

4160 ORMISTON/ WELLINGTON PT/ EROBIN $400 22 $410 32

4161 ALEXANDRA HILLS/ BURWOOD HTS $405 46 $400 43

4163 CLEVELAND/ RABY BAY $415 32 $430 34

4164 THORNLANDS/ PINKLANDS $420 12 $410 18

4165MT COTTON/ PT HALLORAN/ PT TALBURPIN/ REDLAND BAY/ VICTORIA PT

$395 52 $405 60

4184COOCHIEMUDLO IS/ KARRAGARRA IS/ LAMB IS/ MACLEAY IS/ PEEL IS/ RUSSELL IS

$250 58 $250 65

LOCKYER VALLEY REGIONAL $285 75 $285 97

4341 BLENHEIM $280 34 $290 40

4342 CROWLEY VALE $280 11 $250 6

4343 ADARE $285 26 $285 42

SOMERSET REGIONAL $275 56 $280 62

4311 ATKINSONS DAM $280 32 $280 34

4312 BRYDEN $260 10 $250 9

4515 GLENFERN $300 10 $285 11

RENTAL MARKET - 3 BED HOUSES (CONT’D)POST JUN-16 JUN-15

CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS

RENTAL MARKET - 3 BED HOUSESPOST JUN-16 JUN-15


IPSWICH CITY $300 691 $300 742

4300GOODNA/ BELLBIRD PK/ CAMIRA/ SPRINGFIELD

$350 159 $350 179

4301REDBANK/ REDBANK PLNS/ COLLINGWOOD PK

$320 96 $320 113

4303 DINMORE/ RIVERVIEW $275 21 $280 16

4304BOOVAL/ BLACKSTONE/ BUNDAMBA/ EBBW VALE/ SILKSTONE

$285 88 $290 92

4305IPSWICH/ BRASSALL/ BREMER/ CHURCHILL/ FLINDERS VIEW/ LEICHARDT/ RACEVIEW/ TIVOLI/ YAMANTO

$285 254 $285 275

4306AMBERLEY/ FERNVALE/ KARANA DOWNS/ MT CROSBY/ PEAK CROSSING/ SWANBANK/ WILLOWBANK

$330 38 $330 36

4340ROSEWOOD/ ASHWELL/ CALVERT/ EBENEZER/ GRANDCHESTER/ MOORANG/ MT FORBES/ ROSEVALE

$300 31 $290 26

LOGAN CITY $350 970 $345 916

4114KINGSTON/ LOGAN CITY/ TRINDER PK/ WOODRIDGE

$320 156 $320 162

4118BROWNS PLAINS/BROWNSLEIGH/ FORESTDALE/ HERITAGE PK/ HILLCREST/ REGENTS PK

$350 94 $350 84

4119 UNDERWOOD $380 18 $400 16

4123 PRIESTS GULLY/ ROCHEDALE $390 40 $400 53

4124 BORONIA HTS/ GREENBANK/ NEW BEITH $340 46 $350 52

4125 MUNRUBEN/ PARK RIDGE $450 7 $400 8

4127CHATSWOOD HILLS/ DAISY HILL/ PREISTDALE/ SLACKS CK/ SPRINGWOOD

$355 83 $350 82

4128KIMBERLEY PK/ LOGAN HYPERDOME/ SHAILER PK/ TANAH MERAH

$410 18 $385 38

4129 LOGANDALE/ LOGANHOLME $375 22 $350 26

4130 CARBROOK/ CORNUBIA $380 10 $395 8

4131 LOGANLEA/ MEADOWBROOK $350 35 $340 27

4132 CRESTMEAD/ MARSDEN $340 135 $330 99

4133CHAMBERS FLAT/ LOGAN RESERVE/ WATERFORD

$360 52 $360 34

4205 BETHANIA $335 17 $330 16

4207 BEENLEIGH/EAGLBY/MT WARREN PK $350 216 $330 180

MORETON BAY REGIONAL $350 1025 $345 993

REDCLIFFE REGION $365 186 $360 190

4019CLONTARF/ HUMPYBONG/ MARGATE/ SCOTTS PT/ WOODY PT

$370 91 $360 82

4020REDCLIFFE/ SCARBOROUGH/ NEWPORT WATERS/ SUTTONS BCH

$375 58 $355 62

4021 KIPPA-RING $350 19 $370 31

4022 ROTHWELL $340 18 $350 15

PINE RIVERS REGION $375 413 $375 349

4035ALBANY CK/ BRIDGEMAN DOWNS/ CASHS CROSSING

$410 29 $435 20

4055BUNYA/ FERNY GROVE/ FERNY HILLS/ KEDRON UPPER

$410 34 $400 37

4500BRAY PK/ BRENDALE/ CASHMERE/ CLEAR MOUNTAIN/ JOYNER/ STRATHPINE/ WARNER

$360 77 $370 63

4501 LAWNTON $340 13 $340 11

4502 FRENCHS FOREST/ PETRIE $355 26 $360 28

4503DAKABIN/ DOHLES ROCKS/ GRIFFIN/ KALLANGUR/ KURWONGBAH

$360 114 $355 99

4509 MANGO HILL $385 97 $390 68

4520CAMP MOUNTAIN/ CEDAR CK/ MT GLORIOUS/ MT NEBO/ MT SAMSON/ SAMFORD/ YUGAR

$480 11 $475 5

4521DAYBORO/ MT MEE/ MT PLEASANT/ OCEAN VIEW/ RUSH CK

$355 8 $380 8

CABOOLTURE REGION $320 426 $315 454

4504 NARANGBA $360 31 $350 31

4505 BURPENGARY $345 35 $350 23

4506 MORAYFIELD/ MOORINA $315 50 $300 61

4507BANKSIA BEACH/ BELLARA/ BONGAREE/ BRIBIE IS/ WOORIM

$360 43 $345 42

4508 DECEPTION BAY $315 94 $315 110

4510CABOOLTURE/ BEACHMERE/ DONNYBROOK/ BALINGOOL/ BELLMERE/ MELEDALE/ MOODLU/ ROCKSBERG/ TOORBUL

$300 142 $300 161

4511GODWIN BEACH/ NINGI/ SANDSTONE PT/ TOORBUL PT

$340 14 $340 8

123

784

2,804

547

101

758

2,435

420

100

582

1,981

393

<$350K $350K+ $500k+ $1M+

BRISBANE HOUSE SALES

Dec-15 Mar-16 Jun-16 *

*Preliminary dataHouses<2,400m

1,410

1,946

927

44

1,408

1,965

1,009

34

1,082

1,391

671

29

<$350K $350K+ $500k+ $1M+

BRISBANE SURROUNDS HOUSE SALES



30

590

988

179

43

619

993

200

19

413

788

174

<$350K $350K+ $500k+ $1M+

GOLD COAST HOUSE SALES



278

246

86

277

218

74

240

159

58

<$350K $350K+ $500k+

TOOWOOMBA HOUSE SALESDec-15 Mar-16 Jun-16 *


94

541

629

9189

511

698

7951

362

495

68

<$350K $350K+ $500k+ $1M+

SUNSHINE COAST & NOOSA HOUSE SALES



292

102

18

283

92

23

220

71

9

<$350K $350K+ $500k+

FRASER COAST HOUSE SALESDec-15 Mar-16 Jun-16 *


196

64

15

187

59

5

150

34

10

<$350K $350K+ $500k+

BUNDABERG HOUSE SALESDec-15 Mar-16 Jun-16 *


57

44

17

4440

9

43

24

5

<$350K $350K+ $500k+

GLADSTONE HOUSE SALESDec-15 Mar-16 Jun-16 *


203

80

33

215

75

33

153

51

17

<$350K $350K+ $500k+

ROCKHAMPTON & LIVINGSTONE HOUSE SALESDec-15 Mar-16 Jun-16 *


130

83

28

116

82

20

110

53

17

<$350K $350K+ $500k+

MACKAY HOUSE SALESDec-15 Mar-16 Jun-16 *


268

229

80

283

169

58

205

133

46

<$350K $350K+ $500k+

TOWNSVILLE HOUSE SALESDec-15 Mar-16 Jun-16 *


160

313

153

189

305

131136

195

92

<$350K $350K+ $500k+

CAIRNS & DOUGLAS HOUSE SALESDec-15 Mar-16 Jun-16 *


52

131

177

82

28

87

151

58

22

66

93

43

<$250k $250K+ $350K+ $500k+

BRISBANE LAND SALESDec-15 Mar-16 Jun-16 *

*Preliminary data

1,126

431

56 41

833

464

63 27

573

204

24 22

<$250k $250K+ $350K+ $500k+

BRISBANE SURROUNDS LAND SALESDec-15 Mar-16 Jun-16 *

*Preliminary data

436

145

23 21 19

289

94

3411 11

150

4621 9 10

<$250k $250K+ $350K+ $500k+ $1M+

GOLD COAST LAND SALES


*Preliminary data

137

10 7

92

9 9

52

4 6

<$250k $250K+ $350K+

TOOWOOMBA LAND SALESDec-15 Mar-16 Jun-16 *

*Preliminary data

190 195

60

2813

147

119

59

15 5

65 5635

186

<$250k $250K+ $350K+ $500k+ $1M+

SUNSHINE COAST & NOOSA LAND SALES


*Preliminary data

119

6 3

133

4 2

113

70

<$250k $250K+ $350K+

FRASER COAST LAND SALESDec-15 Mar-16 Jun-16 *

*Preliminary data

61

73

57

14

48

1 1

<$250k $250K+ $350K+

BUNDABERG LAND SALESDec-15 Mar-16 Jun-16 *

*Preliminary data

17

0

3

19

10

11

0 0

<$250k $250K+ $350K+

GLADSTONE LAND SALESDec-15 Mar-16 Jun-16 *

*Preliminary data

97

2 3

75

2 2

27

1 5

<$250k $250K+ $350K+

ROCKHAMPTON & LIVINGSTONE LAND SALESDec-15 Mar-16 Jun-16 *

*Preliminary data

33

7

2

43

42

16

2 1

<$250k $250K+ $350K+

MACKAY LAND SALESDec-15 Mar-16 Jun-16 *

*Preliminary data

124

7 11

93

7 3

40

4 3

<$250k $250K+ $350K+

TOWNSVILLE LAND SALESDec-15 Mar-16 Jun-16 *

*Preliminary data

119

31

10

122

169

46

1710

<$250k $250K+ $350K+

CAIRNS & DOUGLAS LAND SALESDec-15 Mar-16 Jun-16 *

*Preliminary data

56

474

1,390

800

9683

397

1,157

775

9060

260

800

481

68

<$250k $250K+ $350K+ $500k+ $1M+

BRISBANE UNIT SALES


*Preliminary data

296

430

360

103

11

296

401

258

98

11

243 231

150

86

11

<$250k $250K+ $350K+ $500k+ $1M+

BRISBANE SURROUNDS UNIT SALESDec-15 Mar-16 Jun-16 *

*Preliminary data

331

863 883

689

156

277

842888

666

172210

567 603

476

99

<$250k $250K+ $350K+ $500k+ $1M+

GOLD COAST UNIT SALES


*Preliminary data

26

63

28

8

32

75

25

10

22

40

15

7

<$250k $250K+ $350K+ $500k+

TOOWOOMBA UNIT SALESDec-15 Mar-16 Jun-16 *

*Preliminary data

123

286 285

239

48

110

285

327

241

56

95

215232

172

27

<$250k $250K+ $350K+ $500k+ $1M+

SUNSHINE COAST & NOOSA UNIT SALES


*Preliminary data

41

28

62

3935

11

3

26

19

7

2

<$250k $250K+ $350K+ $500k+

FRASER COAST UNIT SALESDec-15 Mar-16 Jun-16 *

*Preliminary data

22 22

6

2

29

21

3 2

18

8 86

<$250k $250K+ $350K+ $500k+

BUNDABERG UNIT SALESDec-15 Mar-16 Jun-16 *

*Preliminary data

14

6

43

8 8

5

7

9

7

1 1

<$250k $250K+ $350K+ $500k+

GLADSTONE UNIT SALESDec-15 Mar-16 Jun-16 *

*Preliminary data

1618

10

14

22

17

11

5

18

67

5

<$250k $250K+ $350K+ $500k+

ROCKHAMPTON & LIVINGSTONE UNIT SALESDec-15 Mar-16 Jun-16 *

*Preliminary data

22

8

14

5

15

6 6

1

16

35

0

<$250k $250K+ $350K+ $500k+

MACKAY UNIT SALESDec-15 Mar-16 Jun-16 *

*Preliminary data

54

44

37

17

5046

22

9

40

32

19

10

<$250k $250K+ $350K+ $500k+

TOWNSVILLE UNIT SALESDec-15 Mar-16 Jun-16 *

*Preliminary data

249

90

5538

9

230

7057

38

6

178

69

4122

3

<$250k $250K+ $350K+ $500k+ $1M+

CAIRNS & DOUGLAS UNIT SALESDec-15 Mar-16 Jun-16 *

*Preliminary data



RENTAL MARKET - 3 BED TOWNHOUSESPOST JUN-16 JUN-15


IPSWICH CITY $265 162 $260 160


$280 33 $275 29


$265 13 $250 23


$250 24 $250 28

4305

IPSWICH/ BRASSALL/ BREMER/ CHURCHILL/ FLINDERS VIEW/ LEICHARDT/ RACEVIEW/ TIVOLI/ YAMANTO ETC

$265 81 $255 70

4306AMBERLEY/ FERNVALE/ KARANA DOWNS/ MT CROSBY/ PEAK CROSSING/ SWANBANK/ WILLOWBANK ETC

$260 10 $270 9

LOGAN CITY $270 207 $260 221


$260 65 $260 91

4123 PRIESTS GULLY/ ROCHEDALE $300 10 N.A. 1


$280 21 $295 21


$300 5 $295 10

4131 LOGANLEA/ MEADOWBROOK $250 6 N.A. 4



$265 8 $275 9





$295 72 $260 70


$296 83 $310 77



$300 34 $295 25

4501 LAWNTON $260 23 $280 9


$285 52 $280 54

4509 MANGO HILL $335 45 $320 28


4505 BURPENGARY $270 7 $280 7



$280 52 $280 48

4508 DECEPTION BAY $300 10 $275 13

4510CABOOLTURE/ BEACHMERE/ DONNYBROOK/ BALINGOOL/ BELLMERE/ MELEDALE/ MOODLU/ ROCKSBERG/ TOORBUL

$265 88 $260 93

REDLAND CITY $340 83 $320 64




LOCKYER VALLEY REGIONAL $245 25 $220 18

4343 ADARE $245 19 $225 15

IPSWICH CITY $325 170 $320 131


$340 67 $360 50


$310 27 $330 30


$310 41 $305 25

4305

IPSWICH/ BRASSALL/ BREMER/ CHURCHILL/ FLINDERS VIEW/ LEICHARDT/ RACEVIEW/ TIVOLI/ YAMANTO

$320 33 $295 24

LOGAN CITY $335 387 $340 409


$310 39 $330 29

4118BROWNS PLAINS/BROWNSLEIGH/ FORESTDALE/ HERITAGE PK/ HILLCREST/ REGENTS PK

$350 51 $350 72

4119 UNDERWOOD $410 22 $410 15

4123 PRIESTS GULLY/ ROCHEDALE $330 6 $330 7

4124 BORONIA HTS/ GREENBANK/ NEW BEITH $345 5 $0 0


$325 36 $330 35


$330 7 $320 9

4131 LOGANLEA/ MEADOWBROOK $350 30 $350 49



$330 25 $325 11

4205 BETHANIA $345 13 $272 8




4504 NARANGBA $350 7 $350 7

4505 BURPENGARY $325 16 $300 22



$300 5 $330 9

4508 DECEPTION BAY $320 47 $310 50

4510

CABOOLTURE/ BEACHMERE/ DONNYBROOK/ BALINGOOL/ BELLMERE/ MELEDALE/ MOODLU/ ROCKSBERG/ TOORBUL

$300 17 $315 21

4511GODWIN BEACH/ NINGI/ SANDSTONE PT/ TOORBUL PT

$350 14 N.A. 2


4035ALBANY CK/ BRIDGEMAN DOWNS/ CASHS CROSSING

$450 26 $385 9


$355 82 $360 51

4501 LAWNTON $350 13 $330 13

4502 FRENCHS FOREST/ PETRIE $335 18 $330 16


$345 216 $345 150

4509 MANGO HILL $355 108 $355 102



$420 5 $365 9


$385 19 $360 11

4021 KIPPA-RING $330 44 $330 46

REDLAND CITY $400 132 $390 121


4158 THORNSIDE $380 15 $380 13



4164 THORNLANDS/ PINKLANDS $400 21 $390 16

4165MT COTTON/ PT HALLORAN/ PT TALBURPIN/ REDLAND BAY/ VICTORIA PT

$395 16 $405 13

RENTAL MARKET - 2 BED UNITSPOST JUN-16 JUN-15




BRISBANE LGAThe housing market regained ground over the June quarter, with the data showing an increase in the median sale price and reaching $635,000 in June compared to $627,000 in the March quarter. The unit market slipped just slightly over the quarter but remained stable over the year.

The residential property market prospects, primarily for houses in Brisbane, are positive considering its affordability compared with Sydney and Melbourne. Brisbane is also increasingly attracting interest from interstate and international investors. Affordability is expected to drive migration to Brisbane.

Due to population growth, Brisbane is transforming into a denser city with large blocks of land being targeted by developers for houses, townhouses or units on sub-divided lots.

About $2 billion of infrastructure projects and improvements are included in the State Government budget for financial year 2017 and it is estimated it will create about 5,500 jobs in Brisbane. The Brisbane Cross River Rail is the highest priority for the State Government at present with an initial allocation of $50 million funding towards early planning and approvals.

The Gateway Motorway North upgrade is another key project in Brisbane and is expected to inject $250 million to the economy this financial year with a total project investment of $1.1 billion to widen the motorway to six lanes between Nudgee and Bracken Ridge.

The $1.1 billion Herston Quarter 10-year project, adjacent to the Royal Brisbane and Women’s Hospital, will develop a mixed-use precinct for health, residential, commercial and recreational activity. The project is expected to support more than 700 full-time equivalent jobs during the construction phase and more than 1000 jobs. The delivery of the project has been granted to Unity Health.

With significant infrastructure projects on the horizon, Brisbane is modernising with public transport improvements and state-of-the-art health facilities. This outlook supports a stable to sound residential property market in Brisbane over the medium term.

HOUSE MARKET

The median sale price in Brisbane increased by 1.3 per cent over the June quarter. The best performers over the quarter were Clayfield, East Brisbane, Sinnamon Park, Kuraby, Holland Park and Hawthorne.

On an annual basis, the median sale price increased by 5 per cent, reaching $630,000 in June 2016. Apart from Robertson, the best performers for the 12 months to June were more affordable suburbs like Darra, Yeerongpilly, Sandgate, Wilston and Banyo. These suburbs generally remained affordable and provided quality living for residents.

With a median sale price in the $600,000s, the busiest price point over the quarter remained between the $500,000 to $1 million. Transactions within this price range slipped from 2,804 in December 2015 to 2,435 in March 2016. Preliminary data indicates another potential slip in the number of

sales with $500,000 - $1 million transactions of 1,981 in June 2016. While the volume of sales trend appears to be heading downwards, demand remains stable and is even strengthening in some suburbs.

Stock on market remains as the smallest in Queensland at about 6.6 per cent in May 2016. Median days on market and median vendor discount showed a slight improvement over the 12 months period to May 2016. Days on market now are a few days below one month and vendor discount is 4.1 per cent approaching the median vendor discount in Sydney and Melbourne.

UNIT MARKET

Brisbane’s medium-to-high density market slipped for a third consecutive quarter with a small drop in the median sale price over the quarter of 0.2 per cent. On an annual basis, the median sale price remained relatively stable at about $441,000.

The busiest price bracket for apartments and units is $350,000 to $500,000 with Brisbane City, New Farm, Coorparoo, Nundah and Kangaroo Point showing the largest number of sales over the June quarter.

Number of listings increased from 9,530 in May 2015 to 10,614 in May 2016 while stock on market also reported a jump from 6.6 per cent in May 2015 to 7.3 per cent in May 2016. This demonstrates the recent increase in supply, which may be starting to slightly exceed demand. However, the recent data does not yet show any large impact on the median sale price.

Median days on market and median vendor discount for units remain at healthy levels of 41 days and 3.8 per cent in May 2016.

RENTAL MARKET

The rental market in Brisbane is operating generally in a healthy environment with vacancy rates of 3.4 per cent in Inner Brisbane and 2.3 per cent in the middle ring for the June 2016 quarter.

Units tend to take longer than houses to find a tenant and vacancy rates for Inner Brisbane units reached 3.7 per cent in June compared to the vacancy rates of middle ring units of 2.7 per cent.

The median weekly rent of three-bedroom houses and two-bedroom units remained stable over the past 12 months. The median weekly rent of three-bedroom townhouses, on the other hand, increased by $10 from $410 in June 2015 to $420 in June 2016 in line with the increase in the number of new bonds by about 6 per cent.

Investors are now more conscious that the return on investment will be generated primarily from capital gains. The gross rental yield for houses of 3.4 per cent is the lowest one across the state. Units are returning a gross rental yield of about 4.7 per cent; however the net yield could reduce significantly when body corporate fees and other operating expenses are included.



BRISBANE (LGA) 3146 $635,000 1.3% $630,000 5.0% 20.0% $525,000

BRISBANE (LGA) ^ 77 $1,042,500 1.7% $972,500 -2.8% 3.5% $940,000

ACACIA RIDGE 31 $363,500 -7.7% $377,000 6.5% 17.3% $321,500

ALBION 5 N/A N/A $695,000 -2.8% 15.8% $600,000

ALDERLEY 20 $722,500 -14.1% $730,100 1.8% 15.2% $633,750

ALGESTER 30 $490,000 0.1% $492,250 4.7% 21.5% $405,000

ANNERLEY 25 $712,500 2.0% $695,000 6.9% 20.7% $576,000

ASCOT 14 N/A N/A $1,210,000 -9.0% 12.0% $1,080,000

ASHGROVE 38 $873,750 -2.9% $825,000 -1.4% 21.3% $680,000

ASPLEY 26 $589,000 5.2% $567,500 6.9% 23.4% $460,000

AUCHENFLOWER 21 $877,889 5.8% $883,500 3.8% 9.5% $807,000

BALD HILLS 30 $421,885 2.6% $415,000 7.8% 12.2% $370,000

BALMORAL 13 N/A N/A $960,000 3.8% 26.7% $757,500

BANYO 19 N/A N/A $520,000 16.9% 30.0% $400,000

BARDON 29 $960,000 14.0% $875,250 6.5% 22.4% $715,000

BELLBOWRIE 14 N/A N/A $514,000 6.6% 8.2% $475,000

BELMONT 13 N/A N/A $625,000 6.8% 8.9% $573,750

BOONDALL 24 $507,250 10.2% $463,750 6.6% 11.7% $415,000

BRACKEN RIDGE 43 $470,000 -2.1% $463,500 6.6% 16.0% $399,588

BRIDGEMAN DOWNS 23 $758,000 -1.6% $750,000 3.6% 7.9% $695,000

BRIGHTON 48 $490,000 3.2% $469,000 4.2% 18.4% $396,000

BROOKFIELD ^ 2 N/A N/A $1,370,000 9.6% 26.3% $1,085,000

BULIMBA 34 $1,100,000 -10.2% $1,180,000 9.8% 25.5% $940,000

CALAMVALE 43 $631,000 -3.0% $636,000 10.4% 27.2% $500,000

CAMP HILL 47 $825,000 6.5% $787,000 7.7% 24.9% $630,000

CANNON HILL 19 N/A N/A $720,000 6.7% 29.7% $555,000

CARINA 23 $645,000 1.2% $630,000 8.6% 27.7% $493,250

CARINA HEIGHTS 17 N/A N/A $680,000 16.2% 40.2% $485,000

CARINDALE 42 $813,750 -1.4% $832,500 11.5% 20.0% $693,750

CARSELDINE 22 $613,750 4.3% $600,000 7.1% 16.5% $515,000

CHAPEL HILL 41 $730,000 -4.6% $735,000 5.0% 12.6% $653,000

CHELMER 11 N/A N/A $1,025,000 8.5% 20.6% $850,000

CHERMSIDE 20 $567,500 1.3% $561,000 0.6% 29.5% $433,250

CHERMSIDE WEST 16 N/A N/A $535,000 2.3% 16.3% $460,000

CLAYFIELD 24 $1,200,000 38.7% $1,075,000 12.0% 19.4% $900,000

COOPERS PLAINS 12 N/A N/A $525,000 5.0% 18.2% $444,000

COORPAROO 46 $830,000 -2.4% $840,000 10.5% 26.1% $666,250

CORINDA 11 N/A N/A $645,000 -3.0% 8.4% $595,000

DARRA 9 N/A N/A $440,000 23.9% 25.6% $350,250

DEAGON 15 N/A N/A $429,500 3.5% 8.7% $395,000

DOOLANDELLA 14 N/A N/A $427,000 0.5% 0.5% $425,000

DREWVALE 17 N/A N/A $535,000 0.9% 8.4% $493,500

DURACK 15 N/A N/A $390,000 -0.6% 9.9% $355,000

EAST BRISBANE 29 $984,000 27.0% $813,500 3.3% 25.6% $647,500

EIGHT MILE PLAINS 34 $710,000 2.9% $730,000 5.4% 24.8% $585,000

ENOGGERA 14 N/A N/A $645,500 3.3% 16.3% $555,000

EVERTON PARK 28 $622,500 9.0% $580,000 10.9% 20.8% $480,000

FAIRFIELD 11 N/A N/A $672,000 -0.8% 12.0% $600,000

FERNY GROVE 24 $538,000 -0.2% $538,000 3.5% 11.3% $483,500

FIG TREE POCKET 14 N/A N/A $881,250 3.1% 6.2% $830,000

FITZGIBBON 16 N/A N/A $435,000 1.2% 6.1% $410,000

FOREST LAKE 99 $423,000 -1.6% $428,000 8.4% 11.0% $385,500

GAYTHORNE 5 N/A N/A $607,500 -6.0% 28.6% $472,500

GEEBUNG 13 N/A N/A $500,000 7.5% 20.3% $415,500

GORDON PARK 18 N/A N/A $720,000 1.4% 21.1% $594,500

GRACEVILLE 10 N/A N/A $810,000 13.2% 23.4% $656,500

GRANGE 11 N/A N/A $890,000 11.3% 39.8% $636,500

GREENSLOPES 13 N/A N/A $740,000 11.5% 31.2% $564,000

HAMILTON 14 N/A N/A $1,040,000 -28.3% -2.3% $1,065,000

HAWTHORNE 30 $1,180,000 14.6% $1,060,000 -3.9% 42.7% $742,750

HEATHWOOD 13 N/A N/A $576,500 6.8% 4.7% $550,500

HEMMANT 9 N/A N/A $464,500 10.4% 13.3% $410,000

HENDRA 29 $980,000 4.3% $950,000 11.8% 13.6% $836,000

HIGHGATE HILL 11 N/A N/A $1,020,000 -7.3% 32.9% $767,500

HOLLAND PARK 26 $758,750 16.9% $675,000 7.1% 29.1% $522,750

HOLLAND PARK WEST 22 $728,000 6.3% $685,000 12.5% 22.9% $557,500

INALA 46 $350,050 -0.3% $348,000 11.7% 18.0% $295,000

INDOOROOPILLY 23 $899,000 5.8% $850,000 6.9% 20.1% $707,500

JAMBOREE HEIGHTS 9 N/A N/A $457,500 6.5% 11.7% $409,500

JINDALEE 23 $560,000 7.4% $550,000 10.0% 12.8% $487,500

KALINGA 4 N/A N/A $917,500 1.1% 1.4% $905,000

KANGAROO POINT 7 N/A N/A $890,000 7.2% 7.9% $825,000

KARANA DOWNS 9 N/A N/A $425,000 7.6% 9.7% $387,500

KARANA DOWNS ^ 5 N/A N/A $526,250 2.2% 10.1% $478,000

KEDRON 26 $700,000 11.1% $630,000 4.7% 15.4% $546,000

KELVIN GROVE 9 N/A N/A $727,500 -0.1% 13.8% $639,500

KENMORE 37 $685,000 6.9% $635,000 6.7% 18.6% $535,500

KENMORE HILLS 3 N/A N/A $785,000 9.8% 16.3% $675,000

KEPERRA 15 N/A N/A $485,000 5.0% 10.2% $440,000

KURABY 21 $720,000 17.9% $625,000 0.0% 16.8% $535,000

LOTA 10 N/A N/A $625,000 13.1% 41.2% $442,500

LUTWYCHE 8 N/A N/A $700,000 -5.8% 22.5% $571,250

MACGREGOR 20 $770,000 -3.8% $771,000 14.8% 44.8% $532,500

MACKENZIE 6 N/A N/A $770,000 6.9% 18.0% $652,500

MANLY 19 N/A N/A $800,000 14.3% 31.6% $608,000

MANLY WEST 36 $567,000 -2.2% $570,000 7.6% 15.2% $495,000

MANSFIELD 24 $624,000 -2.5% $620,000 10.7% 22.5% $506,000

MCDOWALL 20 $590,000 -0.8% $600,000 0.0% 4.1% $576,250

MIDDLE PARK 8 N/A N/A $588,500 7.4% 10.1% $534,500

MILTON 6 N/A N/A $835,000 9.2% 28.5% $650,000

MITCHELTON 32 $601,000 -3.8% $618,500 7.6% 19.2% $519,000

MOGGILL 20 $560,000 7.5% $532,500 9.2% 11.3% $478,500

MOOROOKA 28 $582,500 -5.3% $581,250 3.8% 18.6% $490,000

MORNINGSIDE 19 N/A N/A $705,000 3.7% 20.5% $585,000

MOUNT GRAVATT 14 N/A N/A $627,000 4.9% 30.6% $480,000

MOUNT GRAVATT EAST 38 $590,000 4.8% $590,000 5.4% 25.5% $470,000

MOUNT OMMANEY 4 N/A N/A $835,000 9.9% 15.5% $723,000

MURARRIE 15 N/A N/A $618,000 7.5% 32.9% $465,000

NEW FARM 12 N/A N/A $1,525,000 12.8% 38.6% $1,100,000

NEWMARKET 9 N/A N/A $805,000 7.1% 18.4% $680,000

NORMAN PARK 23 $740,000 -25.6% $815,000 9.4% 18.9% $685,500

NORTHGATE 9 N/A N/A $640,000 1.4% 35.9% $471,000

NUDGEE 25 $585,000 -6.1% $590,000 4.4% 17.4% $502,500

NUNDAH 19 N/A N/A $682,000 -1.4% 19.8% $569,500

OXLEY 24 $524,000 1.3% $511,000 2.2% 17.5% $435,000

PADDINGTON 33 $970,000 2.1% $938,000 6.6% 17.6% $797,500

PARKINSON 33 $607,500 -3.7% $620,900 6.1% 21.7% $510,000

PULLENVALE ^ 6 N/A N/A $992,500 6.2% -6.8% $1,065,000

RED HILL 18 N/A N/A $832,500 4.7% 27.4% $653,406

RICHLANDS 2 N/A N/A $442,000 7.8% 9.0% $405,500

RIVERHILLS 18 N/A N/A $443,000 -1.6% 4.4% $424,500

ROBERTSON 6 N/A N/A $1,002,500 25.3% 53.1% $655,000

ROCHEDALE 8 N/A N/A $900,000 -1.6% 39.3% $646,000

ROCKLEA 8 N/A N/A $390,000 5.4% 33.3% $292,500

RUNCORN 34 $541,500 7.7% $534,000 7.9% 25.6% $425,000

SALISBURY 32 $534,250 -1.1% $540,000 5.9% 21.3% $445,000

SANDGATE 16 N/A N/A $643,000 20.2% 20.9% $532,000

SEVEN HILLS 5 N/A N/A $742,750 5.8% 19.8% $620,000

SEVENTEEN MILE ROCKS 10 N/A N/A $622,000 5.9% 9.3% $568,900

SHERWOOD 15 N/A N/A $850,000 0.6% 11.8% $760,000

SHORNCLIFFE 4 N/A N/A $685,000 -3.5% -5.5% $725,000

SINNAMON PARK 22 $689,000 19.5% $624,000 -4.3% 6.3% $587,000

SPRING HILL 9 N/A N/A $910,000 2.5% 20.5% $755,000

ST LUCIA 16 N/A N/A $1,010,000 -9.8% 1.0% $1,000,000

STAFFORD 16 N/A N/A $580,000 5.4% 26.6% $458,000

STAFFORD HEIGHTS 27 $600,000 5.3% $570,775 7.7% 24.1% $460,000

STRETTON 17 N/A N/A $793,800 4.3% 27.4% $623,000

SUNNYBANK 29 $749,500 3.5% $723,000 8.6% 37.7% $525,000

SUNNYBANK HILLS 37 $677,500 6.2% $662,000 10.3% 36.5% $485,000

TAIGUM 11 N/A N/A $470,500 -2.5% 6.9% $440,000

TARINGA 14 N/A N/A $895,000 7.8% 31.6% $680,000

TARRAGINDI 35 $720,000 -1.4% $715,000 8.3% 24.3% $575,000

TENERIFFE 4 N/A N/A $1,600,000 7.2% 35.3% $1,182,500

TENNYSON 3 N/A N/A $614,000 -4.8% 13.7% $540,000

THE GAP 50 $625,000 3.9% $621,500 1.9% 14.7% $541,750

TINGALPA 37 $523,750 6.2% $490,000 6.5% 15.3% $425,000

TOOWONG 12 N/A N/A $782,000 1.4% 17.6% $665,000

UPPER KEDRON 12 N/A N/A $610,000 5.2% 11.9% $545,000



MEDIAN SALE

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ANNUAL MEDIAN

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5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)



SALES MARKET - UNITS & TOWNHOUSES BRISBANE (LGA) 1712 $440,000 -0.2% $441,300 0.3% 7.6% $410,000

ACACIA RIDGE 11 N/A N/A $348,000 0.0% -42.6% $606,000

ALBION 16 N/A N/A $452,000 8.7% 4.1% $434,000

ALDERLEY 18 N/A N/A $489,000 2.7% 23.0% $397,500

ALGESTER 5 N/A N/A $315,000 2.1% -7.4% $340,000

ANNERLEY 21 $435,000 4.8% $415,000 5.7% 5.1% $395,000

ASCOT 11 N/A N/A $442,000 2.8% 7.8% $410,000

ASHGROVE 7 N/A N/A $465,000 -7.2% 17.7% $395,000

ASPLEY 11 N/A N/A $385,000 2.7% 5.5% $365,000

AUCHENFLOWER 17 N/A N/A $452,750 -1.3% 5.3% $430,000

BALMORAL 12 N/A N/A $535,000 4.1% 14.5% $467,115

BANYO 3 N/A N/A $442,050 -2.5% -17.8% $537,500

BARDON 10 N/A N/A $559,976 -4.2% 2.3% $547,500

BOWEN HILLS 29 $429,000 -11.6% $429,500 -7.8% 1.9% $421,500

BRACKEN RIDGE 11 N/A N/A $361,250 11.7% 0.9% $358,000

BRIDGEMAN DOWNS 3 N/A N/A $449,999 18.1% 21.3% $371,000

BRISBANE CITY 87 $500,000 4.2% $488,000 -1.5% 3.5% $471,500

BULIMBA 18 N/A N/A $605,000 -0.7% 14.4% $529,000

CALAMVALE 16 N/A N/A $396,944 3.1% 6.8% $371,500

CAMP HILL 9 N/A N/A $548,000 20.4% 28.9% $425,000

CANNON HILL 12 N/A N/A $445,450 -1.8% -12.7% $510,000

CARINA 23 $445,000 -5.7% $465,000 1.1% 7.6% $432,000

CARINA HEIGHTS 13 N/A N/A $465,000 -1.9% 13.4% $410,000

CARINDALE 8 N/A N/A $468,750 -9.9% -2.3% $480,000

CARSELDINE 7 N/A N/A $403,000 6.1% 4.1% $387,000

CHERMSIDE 31 $433,750 -3.1% $450,000 8.9% 3.7% $434,000

CLAYFIELD 28 $375,000 0.7% $375,000 -2.2% 9.1% $343,750

COOPERS PLAINS 4 N/A N/A $385,000 -2.8% -1.9% $392,500

COORPAROO 43 $420,435 9.2% $415,000 6.4% 10.7% $375,000

CORINDA 5 N/A N/A $436,750 22.1% 1.6% $430,000

DARRA 3 N/A N/A $349,000 6.6% -39.6% $577,500

DOOLANDELLA 5 N/A N/A $357,500 5.5% 3.3% $346,000

EAST BRISBANE 14 N/A N/A $415,000 -4.1% -8.8% $455,000

EIGHT MILE PLAINS 24 $376,500 -9.9% $402,500 -5.2% 4.0% $387,000

ELLEN GROVE 7 N/A N/A $354,000 1.2% 7.3% $330,000

ENOGGERA 10 N/A N/A $355,300 -11.2% -10.1% $395,000

UPPER MOUNT GRAVATT 37 $580,000 -7.2% $590,000 1.7% 26.3% $467,000

VIRGINIA 8 N/A N/A $542,500 2.8% 20.0% $452,000

WAKERLEY 36 $776,000 7.8% $725,500 3.6% 18.9% $610,000

WAVELL HEIGHTS 49 $660,745 4.9% $636,500 1.7% 15.7% $550,000

WEST END 11 N/A N/A $1,070,000 7.1% 44.1% $742,500

WESTLAKE 13 N/A N/A $657,500 7.8% 12.4% $585,000

WILSTON 12 N/A N/A $1,005,000 20.0% 20.4% $835,000

WINDSOR 14 N/A N/A $764,125 5.4% 14.2% $669,000

WISHART 31 $675,000 -1.8% $685,000 11.7% 28.9% $531,500

WOOLLOONGABBA 9 N/A N/A $775,000 5.5% 18.8% $652,500

WOOLOOWIN 7 N/A N/A $780,000 10.6% 19.4% $653,000

WYNNUM 56 $540,000 -3.8% $591,300 -3.1% 13.7% $520,000

WYNNUM WEST 39 $495,000 -1.3% $500,000 7.5% 17.3% $426,250

YEERONGPILLY 5 N/A N/A $672,500 23.4% -0.2% $673,955

YERONGA 10 N/A N/A $780,000 7.1% 17.5% $663,750

ZILLMERE 23 $477,500 6.9% $452,626 8.5% 22.3% $370,000

EVERTON PARK 16 N/A N/A $391,500 -10.0% -1.8% $398,500

FAIRFIELD 3 N/A N/A $450,000 5.9% 13.1% $397,750

FITZGIBBON 6 N/A N/A $348,500 -2.7% -5.8% $369,900

FORTITUDE VALLEY 32 $392,500 -6.0% $437,500 -5.9% 2.3% $427,750

GAYTHORNE 7 N/A N/A $443,250 0.7% 23.1% $360,000

GORDON PARK 8 N/A N/A $380,000 -3.9% -0.5% $382,000

GREENSLOPES 16 N/A N/A $385,500 -3.0% 7.1% $360,000

HAMILTON 24 $555,000 -10.7% $592,750 3.1% 30.3% $455,000

HAWTHORNE 8 N/A N/A $570,000 4.0% 33.6% $426,500

HENDRA 5 N/A N/A $575,000 8.5% 15.0% $500,000

HIGHGATE HILL 12 N/A N/A $515,000 -7.2% 14.4% $450,000

HOLLAND PARK WEST 2 N/A N/A $440,000 2.6% 11.4% $395,000

INDOOROOPILLY 24 $488,000 -12.5% $500,000 -6.0% 15.6% $432,500

KANGAROO POINT 40 $420,000 -18.3% $514,500 3.0% 6.1% $485,000

KEDRON 28 $445,000 -1.7% $450,000 0.0% 29.7% $347,000

KELVIN GROVE 10 N/A N/A $482,500 4.7% 7.2% $450,000

LUTWYCHE 22 $486,000 -2.8% $482,500 2.1% 33.3% $362,000

MANLY 3 N/A N/A $475,000 -1.0% 14.2% $416,000

MANLY WEST 4 N/A N/A $410,000 11.4% 5.4% $389,000

MCDOWALL 2 N/A N/A $407,500 -12.1% 5.8% $385,000

MILTON 16 N/A N/A $591,300 3.7% 14.8% $514,975

MITCHELTON 5 N/A N/A $422,000 3.4% 10.5% $382,000

MOOROOKA 25 $420,000 1.2% $424,000 1.6% 9.5% $387,250

MORNINGSIDE 34 $465,000 -4.1% $491,250 2.3% 13.8% $431,500

MOUNT GRAVATT 3 N/A N/A $366,250 -17.7% 20.1% $305,000

MOUNT GRAVATT EAST 16 N/A N/A $440,000 -4.0% 14.0% $386,000

MURARRIE 11 N/A N/A $574,750 30.5% -22.6% $742,500

NEW FARM 50 $547,500 -8.8% $560,000 -3.8% 6.7% $525,000

NEWMARKET 11 N/A N/A $460,000 7.0% 9.4% $420,500

NEWSTEAD 31 $561,125 -0.5% $595,000 6.3% -21.9% $761,500

NORMAN PARK 6 N/A N/A $480,000 -7.2% 0.2% $479,000

NORTHGATE 9 N/A N/A $414,000 1.0% 20.0% $345,000

NUNDAH 42 $385,000 -3.8% $425,000 6.9% 8.7% $391,000

OXLEY 4 N/A N/A $359,250 2.5% -4.8% $377,495

PADDINGTON 9 N/A N/A $551,250 4.5% 29.4% $426,000

RED HILL 2 N/A N/A $432,500 -2.8% 1.8% $425,000

RICHLANDS 8 N/A N/A $346,700 -0.6% -0.9% $350,000

ROCHEDALE 17 N/A N/A $500,000 17.7% 27.3% $392,900

ROCKLEA 2 N/A N/A $352,500 -9.5% -29.9% $502,500

RUNCORN 17 N/A N/A $355,000 6.0% 8.2% $328,000

SALISBURY 0 N/A N/A $437,500 13.6% 12.5% $389,000

SHERWOOD 12 N/A N/A $450,000 0.0% 12.5% $400,000

SOUTH BRISBANE 24 $474,000 -0.9% $498,933 1.8% 10.9% $450,000

SPRING HILL 35 $394,300 -5.0% $407,500 -1.5% 4.5% $390,000

ST LUCIA 30 $440,000 1.9% $442,000 -11.6% -0.7% $445,000

STAFFORD 3 N/A N/A $439,000 -0.8% 16.8% $376,000

SUNNYBANK HILLS 12 N/A N/A $360,000 1.4% 0.0% $360,000

TAIGUM 15 N/A N/A $335,000 -13.0% -2.9% $345,000

TARINGA 31 $415,000 -3.8% $420,500 -6.6% 5.5% $398,750

TENERIFFE 30 $620,000 2.7% $628,000 11.2% 13.5% $553,500

THE GAP 5 N/A N/A $483,900 -2.2% 4.3% $464,000

TINGALPA 9 N/A N/A $367,000 -0.3% 3.6% $354,375

TOOWONG 38 $515,000 19.1% $450,000 -3.3% 10.4% $407,500

UPPER MOUNT GRAVATT 25 $438,000 6.2% $421,000 -7.1% -1.9% $429,000


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

SALES MARKET - UNITS & TOWNHOUSES (CONT’D)

SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

Direct Connect makes moving easy for your customers by arranging their utility connections and other moving solutions. We invite you to experience the difference with us today.

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WAKERLEY 7 N/A N/A $425,000 4.4% 0.0% $425,000

WEST END 33 $531,250 -6.6% $562,500 -1.6% 13.6% $495,000

WINDSOR 12 N/A N/A $474,750 -2.1% 23.9% $383,250

WISHART 7 N/A N/A $391,250 1.6% 8.7% $360,000

WOOLLOONGABBA 35 $474,500 4.3% $473,500 8.5% 10.1% $430,000

WYNNUM 15 N/A N/A $390,000 -14.5% 7.6% $362,500

WYNNUM WEST 11 N/A N/A $341,500 0.6% 0.4% $340,000

YERONGA 16 N/A N/A $483,500 2.3% 16.5% $415,000

YEERONGPILLY 4 N/A N/A $431,350 5.5% 8.4% $398,000

ZILLMERE 17 N/A N/A $365,000 1.4% 0.1% $364,750





BRISBANE (LGA) 218 $366,000 -1.1% $370,000 5.7% 25.4% $295,000

BRISBANE (LGA) ^ 6 N/A N/A $1,200,000 49.5% 124.3% $535,000

BRIDGEMAN DOWNS 30 $370,000 0.0% $370,000 -7.0% -2.6% $380,000

CARINDALE 2 N/A N/A $510,000 0.9% 10.9% $460,000

FITZGIBBON 11 N/A N/A $175,000 -19.6% -5.4% $184,950

HEATHWOOD 21 $285,000 -3.4% $285,000 6.3% 8.8% $262,000

KENMORE 4 N/A N/A $465,000 10.9% 30.3% $357,000

KURABY 7 N/A N/A $374,500 9.7% 1.2% $370,000

ROCHEDALE 13 N/A N/A $443,000 -0.7% 11.9% $396,000

UPPER KEDRON 1 N/A N/A $337,500 8.0% 11.6% $302,500

BRISBANE CITY $420 2635 $420 2673

BAYSIDE $420 136 $415 149

4178 LINDUM/LYTTON/WYNNUM $420 69 $415 101

4179 LOTA/MANLY $430 67 $410 48

CITY - INNER $550 229 $540 212

4000 BRISBANE CITY/SPRING HILL $580 18 $600 19

4005 NEW FARM/TENERIFFE $800 19 $700 22

4006BOWEN HILLS/VALLEY/HERSTON/NEWSTEAD

$495 13 $540 11

4064 MILTON/PADDINGTON/ROSALIE $570 55 $530 54

4066 AUCHENFLOWER/MTCOOTHA/TOOWONG $500 41 $505 21

4067 IRONSIDE/ST LUCIA $470 10 N.A. 3

4101 HIGHGATE HILL/SOUTH BRIS/WEST END $550 22 $600 35

4102 BURANDA/DUTTON PARK/WOOLOONGABBA $450 22 $450 21

4169 EAST BRIS/KANGAROO POINT $480 29 $540 26

NORTH - INNER $460 280 $460 314

4007 ASCOT/HAMILTON $500 18 $500 24

4010 ALBION/BREAKFAST CREEK $535 5 $420 6

4011 CLAYFIELD/HENDRA $530 27 $560 30

4012 NUNDAH/TOOMBUL/WAVELL HEIGHTS $430 64 $450 81

4030 LUTWYCHE/WINDSOR/WOOLOOWIN $480 47 $495 49

4031 GORDON PARK/KEDRON $430 46 $445 37

4051ALDERLEY/ENOGERRA/GAYTHORNE/GRANGE/ NEWMARKET/WILSTON

$460 72 $460 87

NORTH - OUTER $400 357 $395 366

4013 NORTHGATE $400 11 $440 21

4014 BANYO/NUDGEE/VIRGINIA $400 29 $395 33

4017BRACKEN RIDGE/BRIGHTON/ DEAGON/SANDGATE

$390 94 $390 88

4018 FITZGIBBON/TAIGUM $410 27 $390 31

4032 CHERMSIDE/CRAIGSLEA $400 52 $400 45

4034 ASPLEY/BOONDAL/GEEBUNG/ZILLMERE $400 127 $400 129

4036 BALD HILLS $385 17 $370 19

NORTH WEST - INNER $510 116 $500 93

4059BALLYMORE/ITHACA/KELVIN GROVE/RED HILL

$500 52 $520 36

4060ASHGROVE/DORRINGTON/ ST JOHNS WOOD

$485 38 $470 34

4065 BARDON/JUBILEE/RAINWORTH $580 26 $500 23

NORTH WEST - OUTER $430 215 $420 234

4053BROOKSIDE/EVERTON PARK/MCDOWALL/STAFFORD

$420 133 $420 148

4054 ARANA HILLS/KEPERRA $430 55 $400 55

4061 THE GAP $460 27 $450 31

SOUTH - INNER $430 300 $425 302

4103 ANNERLEY/FAIRFIELD $450 25 $460 39

4104 YERONGA $450 14 $430 20

4105 CLIFTON HILL/MOOROOKA/TENNYSON $425 45 $400 26

4120 GREENSLOPES/STONES CORNER $450 27 $470 27

4121EKIBIN/HOLLAND PARK/TARRAGINDI/WELLERS HILL

$450 68 $430 76

4122 MANSFIELD/MT GRAVATT/WISHART $420 119 $400 107

SOUTH - OUTER $390 293 $390 292

4106 BRISBANE MARKET/ROCKLEA $370 13 $360 10

4107 SALISBURY $390 24 $380 22

4108 ARCHERFIELD/COOPERS PLAINS $365 27 $400 26

4109ALTANDI/MACGREGOR/ROBERTSON/SUNNYBANK

$390 89 $400 87

4110 ACACIA RIDGE/LARAPINTA/WILLAWONG $350 43 $350 50

4112 KURABY $385 6 $370 12

4113 EIGHT MILES PLAINS/RUNCORN $400 53 $390 42

4115 ALGESTER/PARKINSON $400 20 $390 21

4116 CALAMVALE/DREWVALE/STRETTON $400 18 $420 22

SOUTH EAST - INNER $460 267 $450 279

4151 COORPAROO $470 40 $480 33

4152 CAMP HILL/CARINA/CARINDALE $440 87 $440 108

4170CANNON HILL/MORNINGSIDE/NORMAN PARK

$460 84 $450 75

4171 BALMORAL/BULIMBA/HAWTHORNE $510 37 $540 37

4172 MURARRIE $400 19 $400 26

SOUTH EAST - OUTER $420 50 $425 48

4153 BELMONT $455 7 $425 5

4154 GUMDALE/RANSOME/WAKERLEY $470 6 $440 10

4173 TINGALPA $410 32 $420 24

SOUTH WEST - INNER $450 111 $440 80

4068 CHELMER/INDOOROOPILLY/TARINGA $485 40 $455 36

4075 CORINDA/GRACEVILLE/OXLEY/SHERWOOD $420 71 $430 44

SOUTH WEST - OUTER $360 281 $360 304

4069 BROOKFIELD/CHAPEL HILL/KENMORE $450 33 $450 28

4070 ANSTEAD/BELLBOWRIE/MOGGILL $380 10 $375 10

4073 SEVENTEEN MILE ROCKS/SINNAMON PARK $405 13 $430 7

4074JINDALEE/MTOMMANEY/SUMNER/WESTLAKE

$395 43 $400 53

4076 DARRA/WACOL $340 26 $330 25

4077 DOOLANDELLA/DURACK/INALA/RICHLANDS $320 68 $320 77

4078 FOREST LAKE/CAROLE PARK $360 88 $360 104


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

The median sale price in Brisbane increased by 1.3 per cent over the June quarter. The best performers were Clayfield, East Brisbane, Sinnamon Park, Kuraby, Holland Park and Hawthorne.







BRISBANE CITY $420 1627 $410 1537

BAYSIDE $410 85 $400 76


4179 LOTA/MANLY $415 32 $400 28

CITY - INNER $620 66 $615 59




$665 12 $650 9



4067 IRONSIDE/ST LUCIA $620 10 $650 6


4169 EAST BRIS/KANGAROO POINT $560 6 N.A. 4

NORTH - INNER $500 105 $480 112

4007 ASCOT/HAMILTON $600 15 $600 12






$480 35 $480 33

NORTH - OUTER $395 218 $390 203

4013 NORTHGATE $460 13 $440 10

4017BRACKEN RIDGE/BRIGHTON/DEAGON/SANDGATE

$375 44 $380 34




4036 BALD HILLS $365 7 $365 7

NORTH WEST - INNER $550 13 $500 12

4065 BARDON/JUBILEE/RAINWORTH $525 5 N.A. 3

NORTH WEST - OUTER $450 54 $420 56


$450 48 $420 48

SOUTH - INNER $440 130 $440 116


4104 YERONGA $450 7 $490 13




$415 10 $440 6


SOUTH - OUTER $400 371 $395 326

4107 SALISBURY $485 6 $465 5


$410 55 $415 48

4110 ACACIA RIDGE/LARAPINTA/WILLAWONG $350 20 $350 15

4112 KURABY $375 14 $380 21

4113 EIGHT MILES PLAINS/RUNCORN $415 115 $400 122

4115 ALGESTER/PARKINSON $420 66 $375 25

4116 CALAMVALE/DREWVALE/STRETTON $390 93 $385 88

SOUTH EAST - INNER $480 242 $480 221

4151 COORPAROO $500 14 $475 17


4170CANNON HILL/MORNINGSIDE/NORMAN PARK

$470 69 $495 73


4172 MURARRIE $500 15 $530 13


4154 GUMDALE/RANSOME/WAKERLEY $420 33 $420 30

4173 TINGALPA $405 11 $410 42

SOUTH WEST - INNER $460 67 $465 62


4075CORINDA/GRACEVILLE/OXLEY/SHERWOOD

$430 36 $400 38

BRISBANE CITY $400 4731 $400 4298

BAYSIDE $330 52 $330 53


4179 LOTA/MANLY $350 15 $385 19

CITY - INNER $490 1929 $495 1680




$480 416 $480 240



4067 IRONSIDE/ST LUCIA $410 99 $420 95


4102 BURANDA/DUTTON PARK/WOOLOONGABBA $440 60 $395 50

4169 EAST BRIS/KANGAROO POINT $475 189 $495 228

NORTH - INNER $380 1002 $370 938

4007 ASCOT/HAMILTON $435 173 $410 156

4010 ALBION/BREAKFAST CREEK $415 35 $390 28






$360 159 $360 140

NORTH - OUTER $350 251 $345 257

4013 NORTHGATE $300 26 $330 24

4014 BANYO/NUDGEE/VIRGINIA $350 6 $350 10

4017BRACKEN RIDGE/BRIGHTON/DEAGON/SANDGATE

$300 17 $265 16




NORTH WEST - INNER $410 140 $400 129

4059BALLYMORE/ITHACA/KELVIN GROVE/RED HILL

$415 90 $400 75

4060ASHGROVE/DORRINGTON/ ST JOHNS WOOD

$425 41 $440 43

4065 BARDON/JUBILEE/RAINWORTH $320 9 $300 11

NORTH WEST - OUTER $360 82 $380 89


$365 80 $380 84

SOUTH - INNER $350 440 $350 407


4104 YERONGA $345 39 $350 30




$365 49 $350 43


SOUTH - OUTER $340 60 $310 44

4106 BRISBANE MARKET/ROCKLEA $320 7 $285 6

4108 ARCHERFIELD/COOPERS PLAINS $400 11 N.A. 4


$360 17 $350 20

4113 EIGHT MILES PLAINS/RUNCORN $365 8 N.A. 2

SOUTH EAST - INNER $395 497 $380 430

4151 COORPAROO $350 153 $360 171


4170CANNON HILL/MORNINGSIDE/ NORMAN PARK

$410 185 $395 88



4173 TINGALPA $330 5 $315 7

SOUTH WEST - INNER $390 258 $375 242


4075CORINDA/GRACEVILLE/OXLEY/SHERWOOD

$360 43 $340 38

SOUTH WEST - OUTER $300 12 $300 20

4076 DARRA/WACOL $275 5 $250 5



SOUTH WEST - OUTER $360 226 $365 215

4073SEVENTEEN MILE ROCKS/SINNAMON PARK

$405 7 $435 8

4074JINDALEE/MTOMMANEY/SUMNER/WESTLAKE

$500 13 $405 14

4076 DARRA/WACOL $375 15 $370 27

4077DOOLANDELLA/DURACK/INALA/RICHLANDS

$355 163 $360 120

4078 FOREST LAKE/CAROLE PARK $360 24 $360 40

RENTAL MARKET - 3 BED TOWNHOUSES (CONT’D)POST JUN-16 JUN-15


52

131

177

82

28

87

151

58

22

66

93

43

<$250k $250K+ $350K+ $500k+


*Preliminary data

1,126

431

56 41

833

464

63 27

573

204

24 22

<$250k $250K+ $350K+ $500k+


*Preliminary data

436

145

23 21 19

289

94

3411 11

150

4621 9 10

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

137

10 7

92

9 9

52

4 6

<$250k $250K+ $350K+


*Preliminary data

190 195

60

2813

147

119

59

15 5

65 5635

186

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

119

6 3

133

4 2

113

70

<$250k $250K+ $350K+


*Preliminary data

61

73

57

14

48

1 1

<$250k $250K+ $350K+


*Preliminary data

17

0

3

19

10

11

0 0

<$250k $250K+ $350K+


*Preliminary data

97

2 3

75

2 2

27

1 5

<$250k $250K+ $350K+


*Preliminary data

33

7

2

43

42

16

2 1

<$250k $250K+ $350K+


*Preliminary data

124

7 11

93

7 3

40

4 3

<$250k $250K+ $350K+


*Preliminary data

119

31

10

122

169

46

1710

<$250k $250K+ $350K+


*Preliminary data

56

474

1,390

800

9683

397

1,157

775

9060

260

800

481

68

<$250k $250K+ $350K+ $500k+ $1M+

BRISBANE UNIT SALES


*Preliminary data

296

430

360

103

11

296

401

258

98

11

243 231

150

86

11

<$250k $250K+ $350K+ $500k+ $1M+


*Preliminary data

331

863 883

689

156

277

842888

666

172210

567 603

476

99

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

26

63

28

8

32

75

25

10

22

40

15

7

<$250k $250K+ $350K+ $500k+


*Preliminary data

123

286 285

239

48

110

285

327

241

56

95

215232

172

27

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

41

28

62

3935

11

3

26

19

7

2

<$250k $250K+ $350K+ $500k+


*Preliminary data

22 22

6

2

29

21

3 2

18

8 86

<$250k $250K+ $350K+ $500k+


*Preliminary data

14

6

43

8 8

5

7

9

7

1 1

<$250k $250K+ $350K+ $500k+


*Preliminary data

1618

10

14

22

17

11

5

18

67

5

<$250k $250K+ $350K+ $500k+


*Preliminary data

22

8

14

5

15

6 6

1

16

35

0

<$250k $250K+ $350K+ $500k+


*Preliminary data

54

44

37

17

5046

22

9

40

32

19

10

<$250k $250K+ $350K+ $500k+


*Preliminary data

249

90

5538

9

230

7057

38

6

178

69

4122

3

<$250k $250K+ $350K+ $500k+ $1M+


*Preliminary data

123

784

2,804

547

101

758

2,435

420

100

582

1,981

393

<$350K $350K+ $500k+ $1M+




1,410

1,946

927

44

1,408

1,965

1,009

34

1,082

1,391

671

29

<$350K $350K+ $500k+ $1M+




30

590

988

179

43

619

993

200

19

413

788

174

<$350K $350K+ $500k+ $1M+




278

246

86

277

218

74

240

159

58

<$350K $350K+ $500k+



94

541

629

9189

511

698

7951

362

495

68

<$350K $350K+ $500k+ $1M+




292

102

18

283

92

23

220

71

9

<$350K $350K+ $500k+



196

64

15

187

59

5

150

34

10

<$350K $350K+ $500k+



57

44

17

4440

9

43

24

5

<$350K $350K+ $500k+



203

80

33

215

75

33

153

51

17

<$350K $350K+ $500k+



130

83

28

116

82

20

110

53

17

<$350K $350K+ $500k+



268

229

80

283

169

58

205

133

46

<$350K $350K+ $500k+



160

313

153

189

305

131136

195

92

<$350K $350K+ $500k+




REGIONAL MARKET UPDATES

GOLD COASTThe Gold Coast residential property market continued to strengthen and was one of the strongest markets in Queensland this quarter.

The increase in the median sale price of houses has been positive over the past four quarters, reaching the largest annual median sale price increase in Queensland of 6.7 per cent to June 2016. The performance of the unit market remains volatile but contrary to predictions it improved over the June 2016 quarter.

The large-scale infrastructure under way on the Gold Coast, for the Commonwealth Games, has benefited the property market. A recent project was the $40 million Coomera Indoor Sports Centre, and Stage 2 of the $420 million Gold Coast Light Rail extension project has just commenced.

More than $5 billion in residential and commercial projects is under way on the Gold Coast. Some of these projects are:

• $1 billion Jewel residences in Surfers Paradise - the largest five-star development with a hotel on the Gold Coast.

• Pacific Fair renovation, with an expected project value of $670 million.

• Jupiter’s Hotel and Casino renovation with an estimated investment of $350 million.

With significant infrastructure projects under way and large-scale residential and commercial development happening, the Gold Coast is booming. Tourism numbers are up, boosted by the weaker Australian dollar.

The Gold Coast's prospects are good; it is a modern city that offers residents outstanding healthcare, first-rate education, and good employment opportunities.

HOUSE MARKET

The house market on the Gold Coast is solid and its prospects are good with the type of buyers currently including interstate investors.

Despite the uncertainty triggered by the lengthy federal election campaign, the median sale price of houses increased for a fourth consecutive quarter, reaching an annual median sale price of $560,000 compared to $525,000 over 12 months ago.

The five-year performance of the market has also been solid, reaching an accumulated increase of 14.9 per cent, equivalent to an annual increase of 2.8 per cent.

The largest volume of sales was in the $500,000 - $1million price bracket. However, local real estate agents have noted higher demand for high-end properties closer to the beach. This aligns with the quarterly increase in the median sale price in Broadbeach Waters from $1.04 million in March to $1.1 million in June and Mermaid Beach from $1.3 million in March to $1.54 million in June.

Stock on market and total listings have both shown a slight reduction, potentially contributing to the upward trend on the median sale price. Median days on market have contracted by about a week over the past 12 months, sitting slightly above one month. Median vendor discounting has also contracted to 4.2 per cent in May 2016. Market trend indicators are clearly showing a market operating in a high-demand environment.

UNIT MARKET

The unit market performance remains volatile, but it has returned to positive territory, reaching a quarterly increase of 1.6 per cent in June 2016.

Over the past 12 months, the unit market increased moderately from $367,850 in June 2015 to $380,000 in June 2016. Over the medium term, the median sale price showed a slight increase from $370,000 in June 2011 to $380,000 in June 2016.

Local real estate agents are noting a higher interest in units close to public transport. The largest volume of activity remains in the $250,000 to $500,000 median sale price range.

Market trend indicators are showing a potential increase in demand in the unit market. Median days on market have reduced from 60 days in May 2015 to 52 in May 2016 while median vendor discount dropped from 5.2 per cent in May 2015 to 4.4 per cent in May 2016

http://www.stgeorge.com.au/personal/home-loans

23


JUNE QUARTER 2016

GOLD COAST (LGA) 1438 $580,156 3.6% $560,000 6.7% 14.9% $487,500

GOLD COAST (LGA) ^ 152 $782,500 7.9% $740,000 3.3% 10.4% $670,000

ARUNDEL 30 $557,500 1.8% $545,000 4.8% 16.0% $470,000

ASHMORE 41 $596,000 10.4% $545,000 7.9% 26.7% $430,000

BENOWA 34 $895,000 27.9% $765,000 1.1% 10.1% $695,000

BIGGERA WATERS 22 $752,500 6.6% $660,000 5.2% 47.7% $447,000

BONOGIN ^ 17 N/A N/A $725,000 11.5% 15.1% $630,000

BROADBEACH WATERS 57 $1,095,000 5.8% $975,000 18.9% 30.4% $747,500

BUNDALL 23 $915,000 -8.5% $945,000 13.9% 7.4% $880,000

BURLEIGH HEADS 19 N/A N/A $714,000 13.9% 27.5% $560,000

BURLEIGH WATERS 40 $675,000 -1.5% $680,000 7.4% 24.5% $546,250

CARRARA 36 $508,450 -1.7% $502,000 7.3% 18.1% $425,000

CLEAR ISLAND WATERS 12 N/A N/A $930,000 -2.2% 16.3% $800,000

COOLANGATTA 3 N/A N/A $783,000 7.6% 29.4% $605,000

COOMBABAH 25 $439,000 2.1% $438,500 1.4% 8.9% $402,500

COOMERA 20 $407,500 -11.2% $440,000 3.0% 18.0% $373,000

CURRUMBIN 5 N/A N/A $782,500 -16.6% 30.4% $600,000

CURRUMBIN VALLEY ^ 4 N/A N/A $720,000 -14.6% -12.7% $825,000

CURRUMBIN WATERS 30 $605,000 7.8% $580,000 8.7% 18.9% $488,000

ELANORA 28 $636,000 6.4% $581,000 8.1% 13.7% $511,000

GILSTON 6 N/A N/A $525,000 7.1% 6.1% $495,000

HELENSVALE 69 $580,000 -2.0% $560,000 7.7% 17.9% $475,000

HIGHLAND PARK 23 $459,000 -4.1% $475,000 9.2% 12.0% $424,000

HOLLYWELL 14 N/A N/A $620,000 -1.6% 11.7% $555,000

HOPE ISLAND 16 N/A N/A $641,500 19.9% 10.1% $582,500

JACOBS WELL 2 N/A N/A $412,500 3.1% -0.6% $415,000

LABRADOR 25 $450,000 -8.7% $480,000 6.7% 20.8% $397,500

LOWER BEECHMONT 2 N/A N/A $396,000 11.6% 0.3% $395,000

MAUDSLAND 9 N/A N/A $470,000 2.0% 3.2% $455,500

MERMAID BEACH 20 $1,540,000 18.5% $1,300,000 30.0% 25.0% $1,040,000

MERMAID WATERS 38 $752,500 1.8% $760,000 4.1% 26.7% $600,000

MERRIMAC 19 N/A N/A $469,000 2.0% 15.5% $406,000

MIAMI 15 N/A N/A $675,000 12.6% 22.7% $550,000

MOLENDINAR 16 N/A N/A $570,000 7.8% 12.3% $507,495

MUDGEERABA 23 $545,500 3.4% $519,500 4.4% 14.2% $455,000

MUDGEERABA ^ 3 N/A N/A $715,000 9.2% 10.8% $645,500

NERANG 47 $435,000 9.0% $406,250 5.1% 12.8% $360,000

NERANG ^ 4 N/A N/A $785,000 3.2% 0.0% $785,000

ORMEAU 51 $462,000 2.7% $454,000 5.4% 5.6% $430,000

ORMEAU HILLS 17 N/A N/A $487,250 5.6% 4.2% $467,500

OXENFORD 37 $507,500 7.4% $473,750 5.3% 7.7% $440,000

PACIFIC PINES 58 $500,500 -5.6% $496,000 4.4% 9.0% $455,000

PALM BEACH 50 $700,000 0.0% $690,000 12.2% 27.8% $540,000

PARADISE POINT 20 $835,000 -14.8% $881,000 -2.1% 11.5% $790,000

PARKWOOD 25 $575,000 4.6% $550,000 6.8% 16.5% $472,000

PIMPAMA 27 $446,000 2.8% $435,000 -0.2% 15.7% $376,000

REEDY CREEK 26 $748,400 4.7% $746,700 16.7% 15.4% $647,000

ROBINA 60 $628,088 -1.1% $625,000 7.5% 19.0% $525,000

RUNAWAY BAY 31 $917,500 -10.5% $960,000 8.1% 18.5% $810,000

SOUTHPORT 50 $535,000 -6.1% $539,000 8.9% 22.5% $440,000

SURFERS PARADISE 28 $1,280,000 -11.7% $1,280,000 4.5% -0.8% $1,290,000

TALLAI ^ 6 N/A N/A $850,000 9.5% 16.8% $728,000

TALLEBUDGERA ^ 12 N/A N/A $820,000 7.0% 0.6% $815,000

TALLEBUDGERA VALLEY ^ 7 N/A N/A $760,000 0.0% 3.8% $732,500

TUGUN 18 N/A N/A $550,000 13.3% 25.0% $440,000

UPPER COOMERA 111 $447,500 -1.9% $440,750 5.3% 7.5% $410,000

VARSITY LAKES 24 $550,000 -7.6% $557,500 4.7% 18.9% $468,750

WONGAWALLAN ^ 4 N/A N/A $690,000 6.2% 7.0% $645,000

WORONGARY 10 N/A N/A $437,500 6.7% 11.3% $393,000

WORONGARY ^ 14 N/A N/A $719,000 5.7% 20.3% $597,500

GOLD COAST (LGA) 2001 $390,000 1.6% $380,000 3.3% 2.7% $370,000

ARUNDEL 20 $332,500 1.1% $325,000 2.4% 1.6% $320,000

ASHMORE 24 $282,500 -10.3% $287,500 -2.5% -5.7% $305,000

BENOWA 15 N/A N/A $538,750 -6.6% 16.1% $463,980

BIGGERA WATERS 64 $342,000 -10.4% $427,000 2.2% 34.7% $317,000

BILINGA 17 N/A N/A $490,000 9.2% -10.9% $550,000

BROADBEACH 100 $417,500 -9.2% $440,000 1.2% -12.9% $505,000

BROADBEACH WATERS 12 N/A N/A $478,000 18.0% 27.3% $375,500

BUNDALL 5 N/A N/A $329,200 -1.0% -6.6% $352,500

BURLEIGH HEADS 73 $440,000 6.0% $427,000 7.1% 10.9% $385,000

BURLEIGH WATERS 29 $410,000 7.9% $380,000 3.4% 7.8% $352,500

CARRARA 42 $433,000 9.8% $410,000 -6.0% -1.9% $418,000

CLEAR ISLAND WATERS 15 N/A N/A $422,000 -6.7% -15.9% $502,000

COOLANGATTA 60 $450,000 -10.0% $464,000 3.4% 3.1% $450,000

COOMBABAH 24 $331,000 -2.5% $335,000 0.0% 3.1% $325,000

COOMERA 55 $400,000 6.6% $363,900 3.9% 14.1% $319,000

CURRUMBIN 16 N/A N/A $432,500 -3.2% 7.3% $403,000

CURRUMBIN WATERS 15 N/A N/A $335,000 -4.3% 6.0% $316,000

ELANORA 18 N/A N/A $365,000 17.9% 10.2% $331,250

HELENSVALE 30 $350,000 -14.6% $411,250 11.2% -6.4% $439,500

HIGHLAND PARK 5 N/A N/A $275,000 3.8% -6.8% $295,000

HOLLYWELL 5 N/A N/A $655,500 8.4% -47.6% $1,250,000

HOPE ISLAND 78 $546,000 -17.3% $595,000 20.3% 12.3% $530,000

LABRADOR 92 $325,000 -3.6% $330,000 0.0% 6.5% $310,000

MAIN BEACH 47 $697,500 11.6% $670,000 20.7% 11.7% $600,000

MERMAID BEACH 61 $350,000 -2.8% $355,000 -1.4% -4.1% $370,000

MERMAID WATERS 40 $321,000 -13.0% $358,750 11.8% 16.7% $307,500

MERRIMAC 16 N/A N/A $359,500 6.6% -13.6% $416,000

MIAMI 49 $415,000 -1.8% $415,000 12.2% 13.7% $365,000

MUDGEERABA 16 N/A N/A $320,000 -3.8% -1.7% $325,500

NERANG 40 $285,500 -9.1% $300,000 0.3% 0.0% $300,000

ORMEAU 12 N/A N/A $357,250 6.0% -3.0% $368,250

OXENFORD 12 N/A N/A $304,000 6.2% 8.6% $280,000

PACIFIC PINES 17 N/A N/A $330,000 -5.7% -16.5% $395,000

PALM BEACH 52 $395,000 7.6% $360,000 6.8% -0.7% $362,500

PARADISE POINT 32 $607,000 13.0% $595,000 -8.5% 9.7% $542,500

PARKWOOD 6 N/A N/A $331,250 9.0% 4.7% $316,500

PIMPAMA 22 $339,000 14.1% $298,000 -12.4% -18.6% $365,900

REEDY CREEK 13 N/A N/A $310,000 5.1% -1.6% $315,000

ROBINA 69 $388,000 -7.4% $412,000 -5.3% -10.4% $460,000

RUNAWAY BAY 25 $515,000 12.0% $495,000 23.8% 30.3% $380,000

SOUTHPORT 169 $368,000 2.5% $368,000 7.1% 7.6% $342,050

SURFERS PARADISE 313 $375,000 4.2% $360,000 2.9% -4.0% $375,000

TUGUN 25 $435,000 10.1% $405,000 6.6% 15.7% $350,000

UPPER COOMERA 22 $337,500 1.5% $332,000 5.4% -4.1% $346,250

VARSITY LAKES 68 $423,500 1.9% $409,500 3.4% 6.4% $385,000



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

.RENTAL MARKET

Vacancy rates on the Gold Coast remained tight at 1.4 per cent over the June 2016 quarter. Local agents have noted the large influx of employees seeking rental properties as the main drivers for a tight rental market.

Over the past 12 months, the median weekly rent for three-bedroom houses increased by $10 to $460 while the two-bedroom units median weekly rent increased by $15 to $395 per week.

The gross rental yields for houses and units are sitting at about 4.1 per cent and 5.3 per cent respectively.

http://www.stgeorge.com.au/personal/home-loans






SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

56

474

1,390

800

9683

397

1,157

775

9060

260

800

481

68

<$250k $250K+ $350K+ $500k+ $1M+

BRISBANE UNIT SALES


*Preliminary data

296

430

360

103

11

296

401

258

98

11

243 231

150

86

11

<$250k $250K+ $350K+ $500k+ $1M+


*Preliminary data

331

863 883

689

156

277

842888

666

172210

567 603

476

99

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

26

63

28

8

32

75

25

10

22

40

15

7

<$250k $250K+ $350K+ $500k+


*Preliminary data

123

286 285

239

48

110

285

327

241

56

95

215232

172

27

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

41

28

62

3935

11

3

26

19

7

2

<$250k $250K+ $350K+ $500k+


*Preliminary data

22 22

6

2

29

21

3 2

18

8 86

<$250k $250K+ $350K+ $500k+


*Preliminary data

14

6

43

8 8

5

7

9

7

1 1

<$250k $250K+ $350K+ $500k+


*Preliminary data

1618

10

14

22

17

11

5

18

67

5

<$250k $250K+ $350K+ $500k+


*Preliminary data

22

8

14

5

15

6 6

1

16

35

0

<$250k $250K+ $350K+ $500k+


*Preliminary data

54

44

37

17

5046

22

9

40

32

19

10

<$250k $250K+ $350K+ $500k+


*Preliminary data

249

90

5538

9

230

7057

38

6

178

69

4122

3

<$250k $250K+ $350K+ $500k+ $1M+


*Preliminary data

GOLD COAST CITY $395 2384 $380 2420

4209CANOWINDRA/COOMERA/ PIMPAMA/ WILLOW VALE/ YAWALPAH

$325 14 $318 11

4210OXENFORD/STUDIO VILLAGE/WONGAWALLAN

$320 25 $310 18

4211ADVANCETOWN/BEECHMONT/ BINNA BURRA/CARRARA/ GAVEN/ NERANG

$315 32 $320 41

4212BOYKAMBIL/HELENSVALE/HOPE ISLAND/SANCTUARY COVE

$400 37 $400 45

4214ARUNDEL/ASHMORE/ERNEST/ PARKWOOD

$225 22 $300 18

4215CHIRN PK/SOUTHPORT/LABRADOR/KEEBRA PK

$375 539 $360 519

4216BIGGERA WTRS/ COOMBABAH/HOLLYWELL/ PARADISE PT/ RUNAWAY BAY

$380 241 $370 225

4217BENOWA/BUNDALL/MAIN BCH/ SORRENTO/ SURFERS PARADISE

$430 489 $420 556

4218BROADBEACH/MERMAID BCH/ NOBBY BCH/RIALTO

$410 326 $380 321

4220 ANDREWS/BURLEIGH/MIAMI/TALLY VALLEY $420 202 $400 211

4221 ELANORA/PALM BCH $360 133 $335 132

4223 CURRUMBIN/CURRUMBIN VALLEY $415 29 $380 28

4224 TUGUN $360 34 $350 33

4225BILINGA/COOLANGATTA/GREENMOUNT/ KIRRA/ RAINBOW BAY

$385 112 $350 106

4226 KERRYDALE/MERRIMAC/ROBINA $430 55 $420 50

4227 REEDY CK/STEPHENS/VARSITY LAKES $360 86 $340 98

SCENIC RIM REGIONAL $220 35 $225 24

4285BEAUDESERT/ CEDAR VALE/ INNISPLAIN/ KOORALBYN/ LAMINGTON/ ETC

$220 30 $220 17



GOLD COAST (LGA) 210 $240,000 0.4% $239,950 3.0% 4.3% $230,000

GOLD COAST (LGA) ^ 26 $400,000 14.3% $362,500 -2.0% -19.0% $447,500

COOMERA 29 $230,500 -2.1% $235,000 0.4% 14.6% $205,000

ELANORA 0 N/A N/A $358,500 12.0% 15.6% $310,000

GILSTON 3 N/A N/A $295,000 11.3% 17.4% $251,250

HELENSVALE 1 N/A N/A $500,000 -8.9% 19.0% $420,000

HOPE ISLAND 0 N/A N/A $475,000 21.8% 3.6% $458,500

MAUDSLAND 0 N/A N/A $234,000 2.6% -10.0% $260,000

ORMEAU 5 N/A N/A $229,500 -0.1% -8.6% $251,000

ORMEAU HILLS 7 N/A N/A $219,850 0.0% -0.8% $221,569

PACIFIC PINES 3 N/A N/A $228,975 1.2% -4.6% $240,000

PIMPAMA 130 $240,000 0.0% $240,000 4.8% 9.1% $220,000

REEDY CREEK 4 N/A N/A $374,000 13.3% 11.1% $336,738

UPPER COOMERA 5 N/A N/A $237,300 1.0% 2.9% $230,590

GOLD COAST CITY $460 900 $450 952

4208 GILBERTON/JACOBS WELL/ORMEAU $400 18 $400 25


$390 122 $390 108


$455 11 $420 22


$425 91 $400 112


$490 61 $470 49

4213AUSTINVILLE/MUDGEERABA/SPRINGBROOK/ TALLAI/ WORONGARY

$470 32 $460 33

4214 ARUNDEL/ASHMORE/ERNEST/ PARKWOOD $450 85 $430 86


$430 101 $430 113


$450 54 $455 61


$595 47 $550 42


$570 43 $550 55


4221 ELANORA/PALM BCH $520 52 $495 40


4224 TUGUN $495 8 $450 11



SCENIC RIM REGIONAL $345 115 $350 107

4272 MT TAMBORINE $430 29 $410 30

4285BEAUDESERT/ CEDAR VALE/ INNISPLAIN/ KOORALBYN/ LAMINGTON

$320 48 $305 43

4310 BOONAH/ DUGANDEN/ MT ALFORD $280 20 $270 11

GOLD COAST CITY $400 1083 $400 1170

4208 GILBERTON/JACOBS WELL/ORMEAU $385 11 $385 8


$375 207 $370 172


$380 13 $370 19


$400 173 $385 208


$450 61 $450 34

4213AUSTINVILLE/MUDGEERABA/SPRINGBROOK/ TALLAI/ WORONGARY

$390 29 $385 34

4214ARUNDEL/ASHMORE/ERNEST/ PARKWOOD

$395 46 $380 54


$420 86 $420 138


$380 85 $400 93


$510 42 $550 53


$480 21 $460 33


4221 ELANORA/PALM BCH $420 26 $415 33


4224 TUGUN $450 18 $445 21





123

784

2,804

547

101

758

2,435

420

100

582

1,981

393

<$350K $350K+ $500k+ $1M+




1,410

1,946

927

44

1,408

1,965

1,009

34

1,082

1,391

671

29

<$350K $350K+ $500k+ $1M+




30

590

988

179

43

619

993

200

19

413

788

174

<$350K $350K+ $500k+ $1M+




278

246

86

277

218

74

240

159

58

<$350K $350K+ $500k+



94

541

629

9189

511

698

7951

362

495

68

<$350K $350K+ $500k+ $1M+




292

102

18

283

92

23

220

71

9

<$350K $350K+ $500k+



196

64

15

187

59

5

150

34

10

<$350K $350K+ $500k+



57

44

17

4440

9

43

24

5

<$350K $350K+ $500k+



203

80

33

215

75

33

153

51

17

<$350K $350K+ $500k+



130

83

28

116

82

20

110

53

17

<$350K $350K+ $500k+



268

229

80

283

169

58

205

133

46

<$350K $350K+ $500k+



160

313

153

189

305

131136

195

92

<$350K $350K+ $500k+



25


JUNE QUARTER 2016

52

131

177

82

28

87

151

58

22

66

93

43

<$250k $250K+ $350K+ $500k+


*Preliminary data

1,126

431

56 41

833

464

63 27

573

204

24 22

<$250k $250K+ $350K+ $500k+


*Preliminary data

436

145

23 21 19

289

94

3411 11

150

4621 9 10

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

137

10 7

92

9 9

52

4 6

<$250k $250K+ $350K+


*Preliminary data

190 195

60

2813

147

119

59

15 5

65 5635

186

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

119

6 3

133

4 2

113

70

<$250k $250K+ $350K+


*Preliminary data

61

73

57

14

48

1 1

<$250k $250K+ $350K+


*Preliminary data

17

0

3

19

10

11

0 0

<$250k $250K+ $350K+


*Preliminary data

97

2 3

75

2 2

27

1 5

<$250k $250K+ $350K+


*Preliminary data

33

7

2

43

42

16

2 1

<$250k $250K+ $350K+


*Preliminary data

124

7 11

93

7 3

40

4 3

<$250k $250K+ $350K+


*Preliminary data

119

31

10

122

169

46

1710

<$250k $250K+ $350K+


*Preliminary data



TOOWOOMBAThe Toowoomba residential property market has started to lose momentum with the quarterly median sale price for houses and units reducing by 2.3 per cent and 2.7 per cent respectively. This performance is attributed to the long federal election campaign and the uncertainty of the negative gearing debate.

Over a 12-month period, the residential property market has been relatively flat with units performing better than houses and reaching a median sale price annual increase of about 3.7 per cent. This performance is mainly a consequence of a market operating in equilibrium where demand meets supply very closely.

The Second Range Crossing project is yet to generate the expected 1,800 jobs and the associated flow-on effect into the local economy, but it will eventuate in the medium-term.

The Grand Central QIC redevelopment is now starting to generate more jobs in retail and hospitality with a total of 120 retail accommodation openings in September 2016 or by June 2017.

A masterplanned residential community, Ferleigh Westbrook, was announced in June 2016 by Hallmark Property. The proposed development is located about 8km or 15 minutes south-west from the CBD. The project is at a planning stage and is forecast to deliver about 1500 residential allotments along with the development of a town centre, which will include retail and commercial accommodation, a childcare centre and community facilities.

Toowoomba is a diversified economy, which does not seem to rely on one sector or a dominant employer to create jobs. This provides solid grounds for a positive outlook for the residential property market in Toowoomba.

HOUSE MARKET

Toowoomba remains an affordable market in the south-east corner and is primarily driven by owner-occupiers looking for properties with a price range below $350,000.

Suburbs like East Toowoomba and Middle Ridge performed strongly, with a few sales over the $1 million price range and with a median sale price above $500,000, which is equivalent to about $200,000 more than the Toowoomba LGA median sale price.

The volume of activity continued easing over the past few quarters. This trend is now starting to impact on the median sale price, which dropped by 2.3 per cent over the quarter and increased by only 0.1 per cent over a 12-month period.

Median days on market and vendor discounting are indicating a market cooling down. Days on market increased from 33 days in May 2015 to 49 days in May 2016 and vendor discounting also increased from 3.7 per cent in May 2015 to 5 per cent in May 2016.

The medium-term growth (five years) of the median sale price was 17.5 per cent to June 2016. This represents an

annual increase of about 3.3 per cent.

UNIT MARKET

The unit median sale price contracted by 2.7 per cent over the quarter. However, its performance over the medium term was solid, reaching an accumulated increase of 26.8 per cent over five years.

The sale of new, quality units is now driving demand. Developers have more realistic price expectations, which explains the reduction in the median sale price from $310,000 in March to $301,500 in June.

The volume of sales increased from 125 in December 2015 to 142 in March 2016. The preliminary June 2016 volume of sales was 84 days, potentially indicating a contraction of demand over the quarter.

The median vendor discount increased to 4.4 per cent in June. However, it remains as one of the lowest in regional Queensland. Median days on market now exceed two months, compared to 49 days for housing dwellings.

RENTAL MARKET

Local agents indicate the rental market is moving slowly and vacancy rates are higher than historical rates (which fluctuated in the vicinity of 1 per cent between 2012 and 2014).

Vacancy rates have improved over the June quarter, falling from 3 per cent in March to 2.3 per cent in June due to investors’ expectations being more realistic and providing discounts on the weekly rent to secure tenants.

Despite the increase in the number of new bonds by about 60, the median weakly rent for three-bedroom houses remained unchanged at $300 in the past 12 months to June 2016.

Local agents have noticed a switch in demand from units to medium-size houses, which potentially contributed to the reduction in the median weekly rent of two-bedroom units from $250 in June 2015 to $245 in June 2016.

The forecast of the rental market is stable as there seems to be sufficient stock of housing to meet potentially increasing demand driven by new workers to the region.

27


JUNE QUARTER 2016

52

131

177

82

28

87

151

58

22

66

93

43

<$250k $250K+ $350K+ $500k+


*Preliminary data

1,126

431

56 41

833

464

63 27

573

204

24 22

<$250k $250K+ $350K+ $500k+


*Preliminary data

436

145

23 21 19

289

94

3411 11

150

4621 9 10

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

137

10 7

92

9 9

52

4 6

<$250k $250K+ $350K+


*Preliminary data

190 195

60

2813

147

119

59

15 5

65 5635

186

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

119

6 3

133

4 2

113

70

<$250k $250K+ $350K+


*Preliminary data

61

73

57

14

48

1 1

<$250k $250K+ $350K+


*Preliminary data

17

0

3

19

10

11

0 0

<$250k $250K+ $350K+


*Preliminary data

97

2 3

75

2 2

27

1 5

<$250k $250K+ $350K+


*Preliminary data

33

7

2

43

42

16

2 1

<$250k $250K+ $350K+


*Preliminary data

124

7 11

93

7 3

40

4 3

<$250k $250K+ $350K+


*Preliminary data

119

31

10

122

169

46

1710

<$250k $250K+ $350K+


*Preliminary data

56

474

1,390

800

9683

397

1,157

775

9060

260

800

481

68

<$250k $250K+ $350K+ $500k+ $1M+

BRISBANE UNIT SALES


*Preliminary data

296

430

360

103

11

296

401

258

98

11

243 231

150

86

11

<$250k $250K+ $350K+ $500k+ $1M+


*Preliminary data

331

863 883

689

156

277

842888

666

172210

567 603

476

99

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

26

63

28

8

32

75

25

10

22

40

15

7

<$250k $250K+ $350K+ $500k+


*Preliminary data

123

286 285

239

48

110

285

327

241

56

95

215232

172

27

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

41

28

62

3935

11

3

26

19

7

2

<$250k $250K+ $350K+ $500k+


*Preliminary data

22 22

6

2

29

21

3 2

18

8 86

<$250k $250K+ $350K+ $500k+


*Preliminary data

14

6

43

8 8

5

7

9

7

1 1

<$250k $250K+ $350K+ $500k+


*Preliminary data

1618

10

14

22

17

11

5

18

67

5

<$250k $250K+ $350K+ $500k+


*Preliminary data

22

8

14

5

15

6 6

1

16

35

0

<$250k $250K+ $350K+ $500k+


*Preliminary data

54

44

37

17

5046

22

9

40

32

19

10

<$250k $250K+ $350K+ $500k+


*Preliminary data

249

90

5538

9

230

7057

38

6

178

69

4122

3

<$250k $250K+ $350K+ $500k+ $1M+


*Preliminary data

123

784

2,804

547

101

758

2,435

420

100

582

1,981

393

<$350K $350K+ $500k+ $1M+




1,410

1,946

927

44

1,408

1,965

1,009

34

1,082

1,391

671

29

<$350K $350K+ $500k+ $1M+




30

590

988

179

43

619

993

200

19

413

788

174

<$350K $350K+ $500k+ $1M+




278

246

86

277

218

74

240

159

58

<$350K $350K+ $500k+



94

541

629

9189

511

698

7951

362

495

68

<$350K $350K+ $500k+ $1M+




292

102

18

283

92

23

220

71

9

<$350K $350K+ $500k+



196

64

15

187

59

5

150

34

10

<$350K $350K+ $500k+



57

44

17

4440

9

43

24

5

<$350K $350K+ $500k+



203

80

33

215

75

33

153

51

17

<$350K $350K+ $500k+



130

83

28

116

82

20

110

53

17

<$350K $350K+ $500k+



268

229

80

283

169

58

205

133

46

<$350K $350K+ $500k+



160

313

153

189

305

131136

195

92

<$350K $350K+ $500k+



TOOWOOMBA (LGA) 45 $174,500 0.4% $170,000 -0.3% 17.2% $145,000

TOOWOOMBA (LGA) ^ 17 N/A N/A $190,000 -5.5% 19.5% $159,000

CRANLEY 2 N/A N/A $170,500 1.3% 24.9% $136,500

GLENVALE 5 N/A N/A $175,000 0.0% 22.4% $143,000

KEARNEYS SPRING 13 N/A N/A $187,000 -1.7% 12.7% $166,000

KLEINTON 1 N/A N/A $188,000 7.4% 27.7% $147,250

MIDDLE RIDGE 2 N/A N/A $350,000 33.3% 73.7% $201,500

WESTBROOK 1 N/A N/A $175,000 5.3% 40.0% $125,000

WYREEMA 2 N/A N/A $160,000 8.8% 17.7% $135,900

SURROUNDS

SOUTHERN DOWNS (LGA) 11 N/A N/A $71,000 -16.5% -21.1% $90,000


TOOWOOMBA (LGA) 466 $343,000 -2.3% $350,250 0.1% 17.5% $298,000

TOOWOOMBA (LGA) ^ 96 $469,000 -8.0% $485,000 -3.0% 12.8% $430,000

CENTENARY HEIGHTS 28 $353,000 -5.4% $365,000 2.3% 23.7% $295,000

CROWS NEST 8 N/A N/A $274,000 3.4% 16.6% $235,000

DARLING HEIGHTS 11 N/A N/A $345,000 -1.4% 16.0% $297,500

EAST TOOWOOMBA 20 $532,500 7.1% $480,000 8.5% 23.9% $387,500

GLENVALE 16 N/A N/A $360,000 -4.0% 15.2% $312,500

GLENVALE ^ 3 N/A N/A $489,500 -12.8% 7.3% $456,250

HARLAXTON 5 N/A N/A $289,000 3.2% 27.0% $227,500

HARRISTOWN 29 $305,000 -4.4% $317,000 -0.9% 22.9% $258,000

HIGHFIELDS 10 N/A N/A $465,000 -8.1% 7.0% $434,500

HIGHFIELDS ^ 19 N/A N/A $525,000 1.0% 19.2% $440,500

KEARNEYS SPRING 27 $378,000 -0.5% $372,500 -2.0% 12.9% $330,000

KINGSTHORPE 7 N/A N/A $315,000 1.2% 28.6% $245,000

KLEINTON 10 N/A N/A $517,500 4.2% 30.7% $396,000

MERINGANDAN WEST ^ 11 N/A N/A $385,000 -1.5% 20.3% $320,000

MIDDLE RIDGE 23 $587,000 12.9% $496,250 -2.7% 15.9% $428,000

MOUNT LOFTY 20 $412,500 0.6% $460,000 5.5% 39.4% $330,000

NEWTOWN 50 $309,250 2.2% $305,500 -1.5% 19.8% $255,000

NORTH TOOWOOMBA 12 N/A N/A $302,500 -5.0% 17.0% $258,500

OAKEY 12 N/A N/A $228,500 3.9% 1.6% $225,000

PITTSWORTH 6 N/A N/A $290,000 4.9% 5.3% $275,500

RANGEVILLE 34 $390,000 -6.3% $415,000 -4.6% 12.2% $370,000

ROCKVILLE 10 N/A N/A $275,750 -1.5% 11.4% $247,450

SOUTH TOOWOOMBA 32 $325,000 -8.5% $330,000 -0.9% 17.0% $282,000

TOOWOOMBA CITY 3 N/A N/A $362,000 2.1% 31.2% $276,000

WESTBROOK 12 N/A N/A $442,000 -2.9% 11.2% $397,500

WILSONTON 18 N/A N/A $310,000 -1.6% 14.8% $270,000

WILSONTON HEIGHTS 8 N/A N/A $300,000 3.5% 18.9% $252,250

WYREEMA 6 N/A N/A $345,000 2.8% 18.5% $291,250

SURROUNDS

GOONDIWINDI (LGA) 17 N/A N/A $220,000 -12.6% 1.3% $217,250

GOONDIWINDI 13 N/A N/A $265,000 -4.5% -1.9% $270,000

SOUTHERN DOWNS (LGA) 68 $245,000 3.8% $242,500 5.4% -0.8% $244,500

SOUTHERN DOWNS (LGA) ^ 33 $290,000 -10.8% $325,000 -2.4% 0.8% $322,500

STANTHORPE 16 N/A N/A $241,250 7.2% -3.5% $250,000

WARWICK 41 $254,000 1.6% $246,000 3.8% -2.4% $252,000

WESTERN DOWNS (LGA) 33 $200,000 -3.6% $202,500 -19.0% -23.4% $264,500

WESTERN DOWNS (LGA) ^ 13 N/A N/A $349,500 -0.1% -8.0% $380,000

CHINCHILLA 10 N/A N/A $260,000 -16.4% -10.0% $289,000

DALBY 19 N/A N/A $214,000 -16.1% -15.1% $252,000

DALBY ^ 4 N/A N/A $402,500 -1.8% -4.1% $419,500

TOOWOOMBA (LGA) 86 $301,500 -2.7% $310,000 3.7% 26.8% $244,500

CENTENARY HEIGHTS 3 N/A N/A $329,000 24.2% 20.7% $272,500

EAST TOOWOOMBA 12 N/A N/A $337,000 -6.1% 38.7% $243,000

HARRISTOWN 12 N/A N/A $237,500 -0.6% 8.7% $218,500

HIGHFIELDS 1 N/A N/A $320,000 100.0% -1.5% $325,000

KEARNEYS SPRING 14 N/A N/A $313,500 4.7% 25.4% $250,000

NEWTOWN 10 N/A N/A $282,500 2.0% 25.6% $225,000

RANGEVILLE 9 N/A N/A $356,500 3.0% 22.5% $291,000

SOUTH TOOWOOMBA 0 N/A N/A $330,625 7.0% 37.8% $240,000

WILSONTON 3 N/A N/A $245,000 -6.7% 16.7% $210,000


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)




RENTAL MARKET - 3 BED TOWNHOUSES

RENTAL MARKET - 2 BED UNITS



TOOWOOMBA REGIONAL $300 618 $300 556

4350

CENTENARY HEIGHTS/DARLING HEIGHTS/DRAYTON/GLENVALE/HARLAXTON/HARRISTOWN/KEARNEY SPRINGS/MIDDLE RIDGE/MOUNT LOFTY/NEWTOWN/RANGEVILLE/ROCKVILLE/TOOWOOMBA/WESTBROOK/WILSONTON

$300 492 $315 420

4352

CABARLAH/GOWRIE JUNCTION/HAMPTON/HIGHFIELDS/HODGSON VALE/KLEINTON/MERINGANDAN/RAVENSBOURNE/WITHCOTT/WYREEMA

$330 28 $360 31

4355 CROWS NEST/EMU CREEK $255 9 $270 13

4356 PITTSWORTH/MOUNT TYSON $280 15 $280 13

4357 MILLMERRAN $250 7 $245 5

4400 KINGSTHORPE $290 8 $290 6

4401 OAKEY $270 24 $270 35

GOONDIWINDI REGIONAL $270 35 $290 35

4387 INGLEWOOD $210 11 N.A. 3

4390 GOONDIWINDI $290 22 $295 28

SOUTHERN DOWNS REGIONAL $260 157 $255 108

4362 ALLORA/HENDON/TALGAI/BERAT/DEUCHAR $280 5 $260 7

4370WARWICK/ROSENTHAL HEIGHTS/WOMINA/FREESTONE/MARYVALE

$260 99 $260 55

4380STANTHORPE/BROADWATER/MOUNT TULLY/SEVERNLEA/SUGARLOAF/GREENLANDS/PIKEDALE/EUKEY

$250 40 $260 26

WESTERN DOWNS REGIONAL $210 123 $230 147

4405 DALBY $230 55 $250 77

4410 JANDOWAE N.A. 3 $165 5

4413 CHINCHILLA $200 41 $200 42

4415 MILES $200 9 $220 16


4350


$245 355 $255 374

4352

CABARLAH/GOWRIE JUNCTION/HAMPTON/HIGHFIELDS/HODGSON VALE/KLEINTON/MERINGANDAN/RAVENSBOURNE/WITHCOTT/WYREEMA

$250 10 $264 9

4401 OAKEY $220 9 $215 9

4614 YARRAMAN $130 5 N.A. 2

GOONDIWINDI REGIONAL $175 34 $195 33

4390 GOONDIWINDI $175 33 $195 32


4370WARWICK/ROSENTHAL HEIGHTS/

WOMINA/FREESTONE/MARYVALE$210 34 $215 24

4380STANTHORPE/BROADWATER/MOUNT TULLY/SEVERNLEA/SUGARLOAF/GREENLANDS/PIKEDALE/EUKEY

$185 16 $205 9


4405 DALBY $165 32 $200 23

4413 CHINCHILLA $160 22 $170 22


4350


$330 28 $320 15



4405 DALBY $0 0 N.A. 4

4413 CHINCHILLA $210 15 $350 10

29


JUNE QUARTER 2016



SUNSHINE COASTThe Sunshine Coast residential property market grew over the June quarter. The general sentiment was positive with a large number of residential projects on the horizon and large infrastructure projects supporting job creation.

The $1.87 billion Sunshine Coast University Hospital is scheduled for completion in April 2017. Another large project is the upgrade of the highway from Brisbane to Gympie, which has an estimated total budget of $490 million.

Other potential projects are Maroochydore City Centre, Sunshine Coast Light Rail, International Submarine Broadband Cable, and the Caloundra CBD. All of these projects are still in the early stages and without funding certainty.

A $3 billion Harmony development in Palmview commenced in mid-August 2016. The 15-20 year project is expected to create about 9000 jobs and 4800 homes for 12,000 residents.

The Harmony project follows the $5 billion Aura development, by Stockland, which commenced in late 2015. This project in Caloundra South has a timeline of about 30 years and is expected to create 20,000 homes for about 50,000 residents. The job creation in the area is projected to be about 1700 over the first 12 months and more than 30,000 over the next three decades.

Local real estate agents feel optimistic about the performance of the residential property market in the Sunshine Coast with the September quarter potentially reporting very good results for the region. Even though housing supply is increasing, the demand continues exceeding supply which creates market competition and price increases.

HOUSE MARKET

The Sunshine Coast median sale price in June was $520,000 compared to the Noosa median sale price of $610,000. Noosa appears to be less affordable than other regions in the Sunshine Coast. However, the gap is closing as the annual increase in the median sale price of the Sunshine Coast was 5.2 per cent compared to 2 per cent in Noosa in June 2016.

The medium-term performance also shows a reduction in the median sale price gap between Noosa and the Sunshine Coast. Noosa five-year median sale price increased by 4.8 per cent compared to the Sunshine Coast five-year median sale price increase of 13.3 per cent.

Local real estate agents indicate new housing developments are now meeting demand in terms of quality and specifications, which is a positive trend for the residential property market in the region.

Buyers in the area are primarily families and couples downsizing, first-home buyers and people relocating from southern states. It also seems investors started returning to the market after the federal election.

The largest activity in the house market remains in the price range between $500,000 and $1 million. The volume of sales for this price range increased from 629 in December 2015 to 698 in March 2016. Preliminary data indicates a reduction to 495 sales in the June quarter.

Number of listings in the region has reduced over 12 months, triggering a fall in the stock on market from 9.5 per cent in May 2015 to 8.6 per cent in May 2016. Local agents have reported an increase in demand for housing below $500,000; however, the stock is not available.

Median days on market and vendor discounting improved slightly over 12 months to May 2016 in the Sunshine Coast SD and in the Sunshine Coast LGA. However, Noosa reported a slight increase in both median days on market and vendor discounting.

Available vacant land in the Sunshine Coast is usually not flat and is not located in high demand areas close to the coast. Hence, the performance of the land market in a five-year period has not been strong, showing just a small increase in the median sale price of 1.3 per cent.

UNIT MARKET

The unit market performance is dependent on location and quality. Units developed with an owner-occupied target market keep performing well. However, holiday units with large body corporate fees are struggling.

The performance of the unit market in Noosa has exceeded the performance of the Sunshine Coast LGA in June 2016 and over the past five years. Noosa reported a quarter and five-year increase in the median sale price of 2.4 per cent and 8.3 per cent, respectively.

The largest sales activity in the region is reported in units priced between $350,000 and $500,000. The March 2016 quarter reported an increase in the unit sales activity of about 40 properties. Preliminary data for the June quarter indicates a downward trend in the volume of sales.

The median days on market and vendor discounting indicators have improved over 12 months to June throughout the different area in the Sunshine Coast SD. Median vendor discounting in Noosa reported the largest improvement over the year, falling from 5.7 per cent in May 2015 to five per cent in May 2016. However, still one of the largest vendor discounting rates in the south-east corner.

31


JUNE QUARTER 2016

123

784

2,804

547

101

758

2,435

420

100

582

1,981

393

<$350K $350K+ $500k+ $1M+




1,410

1,946

927

44

1,408

1,965

1,009

34

1,082

1,391

671

29

<$350K $350K+ $500k+ $1M+




30

590

988

179

43

619

993

200

19

413

788

174

<$350K $350K+ $500k+ $1M+




278

246

86

277

218

74

240

159

58

<$350K $350K+ $500k+



94

541

629

9189

511

698

7951

362

495

68

<$350K $350K+ $500k+ $1M+




292

102

18

283

92

23

220

71

9

<$350K $350K+ $500k+



196

64

15

187

59

5

150

34

10

<$350K $350K+ $500k+



57

44

17

4440

9

43

24

5

<$350K $350K+ $500k+



203

80

33

215

75

33

153

51

17

<$350K $350K+ $500k+



130

83

28

116

82

20

110

53

17

<$350K $350K+ $500k+



268

229

80

283

169

58

205

133

46

<$350K $350K+ $500k+



160

313

153

189

305

131136

195

92

<$350K $350K+ $500k+



SUNSHINE COAST (SD) 1004 $525,000 1.0% $515,000 4.7% 13.2% $455,000

SUNSHINE COAST (SD) ^ 239 $615,000 3.4% $615,000 5.1% 9.8% $560,000

SUNSHINE COAST (LGA) 848 $520,000 1.9% $510,000 5.2% 13.3% $450,000

SUNSHINE COAST (LGA) ^ 182 $630,000 5.4% $620,000 5.1% 12.7% $550,000

ALEXANDRA HEADLAND 10 N/A N/A $970,000 27.6% 41.6% $685,000

AROONA 12 N/A N/A $480,000 4.4% 14.3% $420,000

BATTERY HILL 8 N/A N/A $475,000 9.2% 9.2% $435,000

BEERWAH 15 N/A N/A $406,250 3.9% 4.7% $388,000

BIRTINYA 10 N/A N/A $612,000 16.4% 0.2% $611,000

BLI BLI 28 $468,000 -0.9% $468,000 8.8% 18.5% $395,000

BOKARINA 3 N/A N/A $626,250 18.7% 38.9% $451,000

BUDDINA 12 N/A N/A $615,000 3.4% 16.4% $528,500

BUDERIM 109 $600,000 6.2% $572,254 5.0% 13.8% $503,000

BUDERIM ^ 9 N/A N/A $863,000 -6.7% -9.4% $952,500

BURNSIDE 9 N/A N/A $425,000 8.2% 12.4% $378,000

CALOUNDRA WEST 40 $445,000 -5.2% $455,000 5.3% 12.3% $405,000

COES CREEK 4 N/A N/A $357,000 -1.9% -8.5% $390,000

COOLUM BEACH 29 $557,000 -1.4% $553,000 7.7% 23.7% $447,000

CURRIMUNDI 22 $492,500 5.9% $485,000 7.3% 16.9% $415,000

DICKY BEACH 5 N/A N/A $743,500 -0.2% 30.4% $570,000

EUMUNDI 4 N/A N/A $480,000 -2.5% 28.0% $375,000

EUMUNDI ^ 13 N/A N/A $780,000 21.3% 26.8% $615,000

GLASS HOUSE MOUNTAINS 14 N/A N/A $435,000 3.6% 2.4% $425,000

GLASS HOUSE MOUNTAINS ̂ 4 N/A N/A $530,000 6.0% 14.3% $463,750

GOLDEN BEACH 12 N/A N/A $495,000 5.9% 12.4% $440,500

KULUIN 12 N/A N/A $445,000 11.3% 14.5% $388,500

LANDSBOROUGH 6 N/A N/A $375,000 4.2% 1.4% $370,000

LITTLE MOUNTAIN 30 $510,000 -4.0% $530,000 6.0% 17.8% $450,000

MALENY 14 N/A N/A $447,500 1.4% 6.4% $420,500

MALENY ^ 5 N/A N/A $630,000 8.5% 7.5% $586,000

MARCOOLA 8 N/A N/A $527,000 0.9% 19.4% $441,335

MAROOCHYDORE 32 $542,500 -3.0% $533,500 7.6% 22.2% $436,500

MERIDAN PLAINS 13 N/A N/A $459,500 2.5% 13.6% $404,500

MINYAMA 6 N/A N/A $950,000 10.1% 25.1% $759,500

MOFFAT BEACH 10 N/A N/A $665,000 12.7% 7.3% $620,000

MOOLOOLABA 19 N/A N/A $651,000 -2.5% 26.4% $515,000

MOOLOOLAH VALLEY 5 N/A N/A $420,000 3.1% 5.1% $399,500

MOOLOOLAH VALLEY ^ 6 N/A N/A $581,500 8.2% 4.8% $555,000

MOUNT COOLUM 18 N/A N/A $575,000 15.7% 23.7% $465,000

MOUNTAIN CREEK 44 $540,000 1.9% $540,000 0.9% 12.5% $480,000

MUDJIMBA 5 N/A N/A $630,000 12.5% 29.2% $487,500

NAMBOUR 32 $358,000 4.2% $350,000 1.5% 7.9% $324,500

NINDERRY ^ 2 N/A N/A $576,000 -5.0% 5.7% $545,000

PACIFIC PARADISE 3 N/A N/A $415,000 3.8% 8.5% $382,500

PALMWOODS 16 N/A N/A $450,000 2.3% 4.7% $430,000

PARREARRA 14 N/A N/A $598,250 6.4% 1.2% $591,250

PELICAN WATERS 40 $660,000 -0.8% $660,000 0.0% 11.9% $590,000

PEREGIAN SPRINGS 24 $535,000 -4.7% $572,500 4.1% 11.4% $514,000

SIPPY DOWNS 42 $465,000 -3.1% $470,000 5.4% 8.0% $435,000

TANAWHA ^ 6 N/A N/A $900,000 1.9% 28.1% $702,500

TWIN WATERS 14 N/A N/A $722,500 2.5% 10.6% $653,500

WARANA 12 N/A N/A $558,500 3.4% 25.5% $445,000

WOOMBYE 13 N/A N/A $430,000 3.9% 5.5% $407,500

WURTULLA 25 $598,000 15.4% $542,500 8.0% 16.0% $467,500

YANDINA 11 N/A N/A $386,025 3.9% 7.1% $360,500

YAROOMBA 5 N/A N/A $590,013 3.5% 15.7% $510,000

SURROUNDS

NOOSA (LGA) 156 $610,000 3.0% $571,250 2.0% 4.8% $545,000

NOOSA (LGA) ^ 57 $572,500 -1.3% $590,000 3.5% -0.8% $595,000

BLACK MOUNTAIN ^ 6 N/A N/A $568,000 3.3% 6.2% $535,000

COORAN ^ 0 N/A N/A $415,000 0.0% -7.0% $446,250

COOROIBAH ^ 4 N/A N/A $610,000 8.0% 11.9% $545,250

COOROY 11 N/A N/A $437,500 1.7% 6.1% $412,500

DOONAN ^ 11 N/A N/A $692,500 6.5% -6.4% $740,000

NOOSA HEADS 11 N/A N/A $780,000 8.0% 21.9% $640,000

NOOSAVILLE 22 $1,095,000 27.3% $826,000 8.0% 3.9% $795,000

PEREGIAN BEACH 17 N/A N/A $767,500 11.9% 26.0% $609,000



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

RENTAL MARKET

The Sunshine Coast rental market is strong with high demand from tenants. Vacancy rates throughout the region, except for Noosa, have dropped to levels generally below 1.5 per cent, sitting in the tight range.

Noosa, has a cyclical rental market, and generally has higher vacancy rates in the winter period (June quarter). Regardless, Noosa vacancy rates remained at healthy levels, at 2.4 per cent in June 2016.

The weekly rent for three-bedroom houses and three-bedroom townhouses in the Sunshine Coast and Noosa increased by $10 and $25, respectively over the 12 months to June 2016. Two-bedroom unit weekly rents remained unchanged in the Sunshine Coast and increased by $35 in Noosa over the 12 months to June 2016.

Local real estate agents continue hunting for rental properties to meet market demand. Rental yields for houses and units report a downward trend due to the increase in the median sale price.

52

131

177

82

28

87

151

58

22

66

93

43

<$250k $250K+ $350K+ $500k+


*Preliminary data

1,126

431

56 41

833

464

63 27

573

204

24 22

<$250k $250K+ $350K+ $500k+


*Preliminary data

436

145

23 21 19

289

94

3411 11

150

4621 9 10

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

137

10 7

92

9 9

52

4 6

<$250k $250K+ $350K+


*Preliminary data

190 195

60

2813

147

119

59

15 5

65 5635

186

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

119

6 3

133

4 2

113

70

<$250k $250K+ $350K+


*Preliminary data

61

73

57

14

48

1 1

<$250k $250K+ $350K+


*Preliminary data

17

0

3

19

10

11

0 0

<$250k $250K+ $350K+


*Preliminary data

97

2 3

75

2 2

27

1 5

<$250k $250K+ $350K+


*Preliminary data

33

7

2

43

42

16

2 1

<$250k $250K+ $350K+


*Preliminary data

124

7 11

93

7 3

40

4 3

<$250k $250K+ $350K+


*Preliminary data

119

31

10

122

169

46

1710

<$250k $250K+ $350K+


*Preliminary data

56

474

1,390

800

9683

397

1,157

775

9060

260

800

481

68

<$250k $250K+ $350K+ $500k+ $1M+

BRISBANE UNIT SALES


*Preliminary data

296

430

360

103

11

296

401

258

98

11

243 231

150

86

11

<$250k $250K+ $350K+ $500k+ $1M+


*Preliminary data

331

863 883

689

156

277

842888

666

172210

567 603

476

99

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

26

63

28

8

32

75

25

10

22

40

15

7

<$250k $250K+ $350K+ $500k+


*Preliminary data

123

286 285

239

48

110

285

327

241

56

95

215232

172

27

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

41

28

62

3935

11

3

26

19

7

2

<$250k $250K+ $350K+ $500k+


*Preliminary data

22 22

6

2

29

21

3 2

18

8 86

<$250k $250K+ $350K+ $500k+


*Preliminary data

14

6

43

8 8

5

7

9

7

1 1

<$250k $250K+ $350K+ $500k+


*Preliminary data

1618

10

14

22

17

11

5

18

67

5

<$250k $250K+ $350K+ $500k+


*Preliminary data

22

8

14

5

15

6 6

1

16

35

0

<$250k $250K+ $350K+ $500k+


*Preliminary data

54

44

37

17

5046

22

9

40

32

19

10

<$250k $250K+ $350K+ $500k+


*Preliminary data

249

90

5538

9

230

7057

38

6

178

69

4122

3

<$250k $250K+ $350K+ $500k+ $1M+


*Preliminary data





SUNSHINE COAST REGIONAL $430 757 $420 735

4518 GLASS HOUSE MOUNTAINS $360 10 $350 13

4519 BEERWAH/ PEACHESTER $385 21 $350 12

4550 LANDSBOROUGH/ MT MELLUM $400 5 $340 12

4551

AROONA/ BATTERY HILL/ CALOUNDRA/ CURRIMUNDI/ DIAMOND HEAD/ DICKY BCH/ GOLDEN BCH/ KINGS BCH/ LITTLE MTN/ MERIDAN PLNS/ MOFFAT BCH/ PELICAN WATERS/ SHELLY BCH

$430 178 $410 153

4552BALD KNOB/ BAROON POCKET/ BOOROOBIN/ CONONDALE/ MALENY/ MOUNTAIN VIEW/ REESVILLE/ WITTA

$400 19 $370 27

4553GLENVIEW/ MOOLOOLAH/ MOOLOOLAH VALLEY/ PALMVIEW

$440 7 $360 7

4556BUDERIM/ FOREST GLEN/ KUNDA PK/ MONS/ SIPPY DOWNS/ TANAWHA

$440 98 $440 88

4557BUNDILLS/ KAWANA IS/ MOOLOOLABA/ MOUNTAIN CK

$460 35 $460 45

4558COTTON TREE/ KULUIN/ MAROOCHYDORE/ SUNSHINE PLAZA

$430 45 $410 42

4560

BLI BLI/ BURNSIDE/ COES CK/ COOLOOLABIN/ DULONG/ FLAXTON/ HIGHWORTH/ IMAGE FLAT/ KIAMBA/ KULANGOOR/ KUREELPA/ MAPLETON/ MONTVILLE/ NAMBOUR/ PARKLANDS/ PERWILLOWEN/ ROSEMONT/ TOWEN MTN

$380 75 $380 71

4561BRIDGES/ MAROOCHY RIVER/ NINDERRY/ NTH ARM/ VALDORA/ YANDINA/ YANDINA CK

$390 7 $400 15

4562BELLI PK/ DOONAN/ EERWAH VALE/ EUMUNDI/ VERRIERDALE/ WEBA DOWNS

$420 13 $410 19

4564 MARCOOLA/ MUDJIMBA/ PACIFIC PARADISE $400 28 $450 26

4572 ALEXANDRA HEADLAND $450 5 $420 9

4573CENTENARY HEIGHTS/ COOLUM BCH/ MARCUS BCH/ MT COOLUM/ PEREGIAN BCH/ PT ARKWRIGHT/ YAROOMBA

$450 92 $430 78

4575BIRTINYA/ BOKARINA/ BUDDINA/ KAWANA WATERS/ MINYAMA/ PARREARRA/ WARANA/ WURTULLA

$450 89 $430 95

NOOSA SHIRE $445 114 $440 116

4563BLACK MOUNTAIN/ CARTERS RIDGE/ COOROY/ TINBEERWAH

$420 18 $420 14

SUNSHINE COAST (SD) 136 $267,000 6.8% $257,500 3.6% 0.6% $256,000

SUNSHINE COAST (SD) ^ 44 $330,000 -2.9% $335,000 9.8% -1.5% $340,000

SUNSHINE COAST (LGA) 115 $255,000 6.3% $253,250 2.6% 1.3% $250,000

SUNSHINE COAST (LGA) ^ 38 $330,000 -2.8% $330,000 8.2% -5.7% $350,000

BEERWAH 14 N/A N/A $215,000 1.9% 14.4% $188,000

BIRTINYA 9 N/A N/A $282,000 1.1% -17.1% $340,000

BLI BLI 11 N/A N/A $262,500 4.9% 18.2% $222,000

CALOUNDRA WEST 5 N/A N/A $213,000 -0.2% -9.4% $235,000

FOREST GLEN 1 N/A N/A $275,000 9.1% 18.0% $233,000

GLASS HOUSE MOUNTAINS 4 N/A N/A $205,000 3.5% 5.7% $194,000

LITTLE MOUNTAIN 2 N/A N/A $240,000 -2.0% -4.8% $252,000

MALENY 0 N/A N/A $232,500 -2.3% 10.7% $210,000

MAROOCHYDORE 11 N/A N/A $236,500 0.2% 2.3% $231,080

MERIDAN PLAINS 5 N/A N/A $244,900 4.0% -28.5% $342,450

MOUNTAIN CREEK 9 N/A N/A $317,250 11.3% 19.0% $266,500

NAMBOUR 0 N/A N/A $181,950 3.4% 5.2% $173,000

PELICAN WATERS 8 N/A N/A $276,450 4.3% -17.5% $335,000

PEREGIAN SPRINGS 4 N/A N/A $369,300 9.4% 57.1% $235,000

SIPPY DOWNS 1 N/A N/A $220,000 11.1% -5.2% $232,000

YAROOMBA 6 N/A N/A $327,500 -7.1% -3.7% $340,000

SURROUNDS

NOOSA (LGA) 21 $350,000 23.9% $285,000 3.6% -10.9% $320,000

NOOSAVILLE 4 N/A N/A $345,000 -0.1% 10.2% $313,110

PEREGIAN BEACH 4 N/A N/A $260,000 10.6% -34.2% $395,000


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

POMONA 9 N/A N/A $430,000 16.2% 14.7% $375,000

POMONA ^ 11 N/A N/A $502,500 1.0% -2.9% $517,500

SUNRISE BEACH 10 N/A N/A $675,000 12.5% 13.0% $597,500

SUNSHINE BEACH 9 N/A N/A $1,055,000 -3.9% 24.9% $845,000

TEWANTIN 53 $512,250 8.3% $470,000 3.3% 6.8% $440,000

SALES MARKET - UNITS & TOWNHOUSESSUNSHINE COAST (SD) 759 $370,500 -5.0% $381,000 4.4% 5.9% $359,900

SUNSHINE COAST (LGA) 603 $365,000 -2.7% $370,000 2.9% 5.7% $350,000

ALEXANDRA HEADLAND 36 $389,000 14.4% $355,000 4.4% 13.6% $312,625

BATTERY HILL 6 N/A N/A $245,000 -3.9% -1.0% $247,500

BIRTINYA 4 N/A N/A $526,278 18.3% 4.2% $505,000

BUDDINA 10 N/A N/A $416,250 -2.6% 8.4% $384,000

BUDERIM 45 $350,000 -5.5% $387,000 4.6% 1.2% $382,500

CALOUNDRA 29 $355,000 -1.7% $367,735 -8.1% -5.7% $390,000

CALOUNDRA WEST 3 N/A N/A $384,000 23.2% 18.2% $325,000

COOLUM BEACH 26 $368,500 10.0% $351,150 -3.1% -7.6% $380,000

CURRIMUNDI 9 N/A N/A $385,500 7.2% 8.6% $355,000

GOLDEN BEACH 21 $369,000 -22.3% $400,000 14.3% 37.9% $290,000

KINGS BEACH 33 $351,000 -7.6% $370,000 -2.6% -9.8% $410,000

LITTLE MOUNTAIN 1 N/A N/A $387,500 -0.6% 27.0% $305,000

MARCOOLA 25 $265,000 -20.4% $299,500 -5.7% -5.7% $317,500

MAROOCHYDORE 86 $367,500 -6.4% $359,000 -1.6% -3.0% $370,000

MINYAMA 4 N/A N/A $320,000 3.2% 10.3% $290,000

MOFFAT BEACH 9 N/A N/A $477,000 -4.6% 36.3% $350,000

MOOLOOLABA 59 $370,000 -2.9% $367,250 0.6% 2.0% $360,000

MOUNT COOLUM 17 N/A N/A $370,000 4.2% 11.6% $331,500

MOUNTAIN CREEK 11 N/A N/A $373,250 0.9% 40.8% $265,000

NAMBOUR 22 $306,500 0.5% $272,000 9.5% 8.8% $250,000

PARREARRA 15 N/A N/A $467,500 13.3% -12.6% $535,000

PELICAN WATERS 15 N/A N/A $486,250 4.6% 17.2% $415,000

PEREGIAN SPRINGS 42 $312,500 8.5% $288,000 -1.9% 9.7% $262,500

TWIN WATERS 12 N/A N/A $555,000 15.9% 15.6% $479,990

WARANA 12 N/A N/A $360,000 12.5% 22.0% $295,000

WURTULLA 5 N/A N/A $384,000 3.8% 30.8% $293,500

SURROUNDS

NOOSA (LGA) 156 $467,500 2.4% $455,000 13.8% 8.3% $420,000

COOROY 1 N/A N/A $333,750 6.0% -5.3% $352,500

NOOSA HEADS 45 $626,000 -16.0% $632,500 40.6% 2.8% $615,000

NOOSAVILLE 65 $395,000 1.3% $400,000 1.3% 14.3% $350,000

PEREGIAN BEACH 8 N/A N/A $417,500 11.0% 16.8% $357,500

SUNRISE BEACH 7 N/A N/A $420,000 23.5% -5.6% $445,000

SUNSHINE BEACH 14 N/A N/A $559,500 6.6% 1.7% $550,000

TEWANTIN 15 N/A N/A $322,500 11.2% 15.2% $280,000



MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

Sunshine Coast rental market is strong, with high demand from tenants. Vacancy rates throughout the region, except for Noosa, have dropped to levels generally below 1.5 per cent, sitting in the tight range.

33


JUNE QUARTER 2016


RENTAL MARKET - 2 BED UNITSSUNSHINE COAST REGIONAL $340 838 $340 763

4519 BEERWAH/ PEACHESTER $310 11 N.A. 3

4551


$340 157 $330 163


$340 68 $330 67


$340 101 $330 93


$360 174 $350 149

4560


$280 37 $260 32

4564 MARCOOLA/ MUDJIMBA/ PACIFIC PARADISE $360 61 $350 56

4572 ALEXANDRA HEADLAND $380 47 $350 47


$340 69 $350 57


$390 91 $410 78

NOOSA SHIRE $390 88 $365 109

4565BOREEN PT/ COOTHARABA/ LAKE COOTHARABA/ NOOSA PARKLANDS/ TEEWAH/ TEWANTIN

$320 6 $320 10

4566 MUNNA PT/ NOOSAVILLE $400 26 $360 38

4567CASTAWAYS BCH/ LITTLE COVE/ NOOSA HEADS/ SUNRISE BCH/ SUNSHINE BCH

$430 51 $375 56

SUNSHINE COAST REGIONAL $410 205 $400 209

4519 BEERWAH/ PEACHESTER $325 6 $300 11

4551


$410 25 $390 25


$410 40 $400 47


$430 39 $420 37


$415 24 $380 27

4560


$380 12 $360 11

4564MARCOOLA/ MUDJIMBA/ PACIFIC PARADISE

$395 13 $395 16


$450 36 $435 24


$425 7 $445 8

NOOSA SHIRE $500 22 $475 18



$510 11 $550 6



4565BOREEN PT/ COOTHARABA/ LAKE COOTHARABA/ NOOSA PARKLANDS/ TEEWAH/ TEWANTIN

$430 39 $425 37



$495 31 $510 26

4568 POMONA $400 9 $400 16



FRASER COASTProperty demand is driven by owner-occupiers and first-home buyers. The State Government announced an increase of the Great Start Grant from $15,000 to $20,000 and the Building Better Regional Cities Grant of $12,000 has been extended until May 2017. Despite the increase in available grants for first-home buyers, demand remains subdued.

The rental market also contracted with vacancy rates escalating from 3.2 per cent in March to 4.1 per cent in June, sitting now within the weak range.

The State Government budget has committed about $28 million to upgrade the interchange in southern Maryborough, due for completion in May 2017. While this is probably the largest infrastructure project in the area, the residential property market does not seem to get any major incentive from local infrastructure investment.

The prognosis for the residential property market in Fraser Coast is weak with no major infrastructure projects in the pipeline and market trend indicators showing a fall in demand.

HOUSE MARKET

For a third consecutive quarter, the median sale price slipped or remained steady. The median sale price for the June quarter dropped to $290,000 and the annual median sale price remained relatively steady at about $302,000.

Over the medium term, the median sale price increased at a very slow pace of 2.6 per cent (below annual inflation), evidencing the challenges experienced in the Fraser Coast residential property market.

The annual volume of sales showed a slight increase from 1524 transactions in June 2015 to 1553 transactions in June 2016. The preliminary quarter volume of sales reported a contraction with the largest volume of sales remaining below $350,000.

The market trend indicators are showing a reduction in demand with the median days on market increasing from 78 days in May 2015 to 87 days in May 2016. Similarly, the median vendor discount increased from 6.2 per cent to 6.7 per cent over the 12 months to May 2016.

UNIT MARKET

Compared to the house market, the unit market has definitely experienced the largest demand challenge. The unit median sale price contracted over the June quarter by 4.9 per cent from $262,750 to $250,000. The annual contraction was 5.3 per cent and the five-year contraction was 10.5 per cent.

Sales activity remained relatively stable over the 12 months period to June, reporting a small increase of 18 transactions over the past year. The largest volume of activity remains in the price range below $250,000.

Market trend indicators demonstrate a slip in demand with median days on market increasing from 80 days in May 2015 to 91 days in May 2016. The median vendor discount jumped from 5 per cent in May 2015 to 6.4 per cent in May 2016.

RENTAL MARKET

Vacancy rates in the Fraser Coast increased to 4.1 per cent over the June quarter and are now sitting within the weak range. Maryborough vacancy rate remained at around 3 per cent. However, Hervey Bay vacancy rates increased from 3.1 per cent in March to 4.4 per cent in June.

The median weekly rent for a three-bedroom house and a two-bedroom unit increased by $5 and $10 in the June 2016 quarter, reaching $290 and $245 per week, respectively. Three-bedroom townhouse median weekly rents remained steady at $320 per week.

52

131

177

82

28

87

151

58

22

66

93

43

<$250k $250K+ $350K+ $500k+


*Preliminary data

1,126

431

56 41

833

464

63 27

573

204

24 22

<$250k $250K+ $350K+ $500k+


*Preliminary data

436

145

23 21 19

289

94

3411 11

150

4621 9 10

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

137

10 7

92

9 9

52

4 6

<$250k $250K+ $350K+


*Preliminary data

190 195

60

2813

147

119

59

15 5

65 5635

186

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

119

6 3

133

4 2

113

70

<$250k $250K+ $350K+


*Preliminary data

61

73

57

14

48

1 1

<$250k $250K+ $350K+


*Preliminary data

17

0

3

19

10

11

0 0

<$250k $250K+ $350K+


*Preliminary data

97

2 3

75

2 2

27

1 5

<$250k $250K+ $350K+


*Preliminary data

33

7

2

43

42

16

2 1

<$250k $250K+ $350K+


*Preliminary data

124

7 11

93

7 3

40

4 3

<$250k $250K+ $350K+


*Preliminary data

119

31

10

122

169

46

1710

<$250k $250K+ $350K+


*Preliminary data

56

474

1,390

800

9683

397

1,157

775

9060

260

800

481

68

<$250k $250K+ $350K+ $500k+ $1M+

BRISBANE UNIT SALES


*Preliminary data

296

430

360

103

11

296

401

258

98

11

243 231

150

86

11

<$250k $250K+ $350K+ $500k+ $1M+


*Preliminary data

331

863 883

689

156

277

842888

666

172210

567 603

476

99

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

26

63

28

8

32

75

25

10

22

40

15

7

<$250k $250K+ $350K+ $500k+


*Preliminary data

123

286 285

239

48

110

285

327

241

56

95

215232

172

27

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

41

28

62

3935

11

3

26

19

7

2

<$250k $250K+ $350K+ $500k+


*Preliminary data

22 22

6

2

29

21

3 2

18

8 86

<$250k $250K+ $350K+ $500k+


*Preliminary data

14

6

43

8 8

5

7

9

7

1 1

<$250k $250K+ $350K+ $500k+


*Preliminary data

1618

10

14

22

17

11

5

18

67

5

<$250k $250K+ $350K+ $500k+


*Preliminary data

22

8

14

5

15

6 6

1

16

35

0

<$250k $250K+ $350K+ $500k+


*Preliminary data

54

44

37

17

5046

22

9

40

32

19

10

<$250k $250K+ $350K+ $500k+


*Preliminary data

249

90

5538

9

230

7057

38

6

178

69

4122

3

<$250k $250K+ $350K+ $500k+ $1M+


*Preliminary data

123

784

2,804

547

101

758

2,435

420

100

582

1,981

393

<$350K $350K+ $500k+ $1M+




1,410

1,946

927

44

1,408

1,965

1,009

34

1,082

1,391

671

29

<$350K $350K+ $500k+ $1M+




30

590

988

179

43

619

993

200

19

413

788

174

<$350K $350K+ $500k+ $1M+




278

246

86

277

218

74

240

159

58

<$350K $350K+ $500k+



94

541

629

9189

511

698

7951

362

495

68

<$350K $350K+ $500k+ $1M+




292

102

18

283

92

23

220

71

9

<$350K $350K+ $500k+



196

64

15

187

59

5

150

34

10

<$350K $350K+ $500k+



57

44

17

4440

9

43

24

5

<$350K $350K+ $500k+



203

80

33

215

75

33

153

51

17

<$350K $350K+ $500k+



130

83

28

116

82

20

110

53

17

<$350K $350K+ $500k+



268

229

80

283

169

58

205

133

46

<$350K $350K+ $500k+



160

313

153

189

305

131136

195

92

<$350K $350K+ $500k+



35


JUNE QUARTER 2016

SALES MARKET - UNITS & TOWNHOUSESFRASER COAST (LGA) 54 $250,000 -4.9% $243,500 -5.3% -10.5% $272,000

PIALBA 15 N/A N/A $297,000 18.8% 2.4% $290,000

SCARNESS 6 N/A N/A $263,000 -0.8% -4.0% $274,000

TORQUAY 11 N/A N/A $223,000 4.9% -4.1% $232,500

URANGAN 14 N/A N/A $260,000 -5.5% -10.3% $290,000

SURROUNDS

GYMPIE (LGA) 11 N/A N/A $251,000 -3.5% 10.2% $227,750

FRASER COAST (LGA) 307 $290,000 -3.8% $302,750 0.9% 2.6% $295,000

FRASER COAST (LGA) ^ 67 $350,000 -10.0% $382,375 4.8% 1.4% $377,000

BOORAL ^ 3 N/A N/A $377,500 3.4% 2.0% $370,000

BURRUM HEADS 14 N/A N/A $345,000 -9.2% -1.9% $351,750

DUNDOWRAN BEACH ^ 6 N/A N/A $540,000 4.9% 9.1% $495,000

ELI WATERS 9 N/A N/A $325,000 -0.9% 1.9% $319,000

GLENWOOD ^ 10 N/A N/A $210,000 18.3% -3.0% $216,500

GRANVILLE 7 N/A N/A $208,000 6.1% -5.5% $220,000

KAWUNGAN 20 $323,000 -4.2% $330,000 -0.5% -0.2% $330,750

MARYBOROUGH 60 $188,750 2.0% $190,000 -7.3% -14.6% $222,500

PIALBA 7 N/A N/A $289,750 8.1% -1.1% $293,000

POINT VERNON 39 $300,000 -1.6% $305,750 1.9% 0.2% $305,000

RIVER HEADS 6 N/A N/A $290,150 1.8% -3.3% $300,000

SCARNESS 10 N/A N/A $268,000 -2.6% -4.3% $280,000

TINANA 11 N/A N/A $307,500 18.7% -9.6% $340,000

TOOGOOM 7 N/A N/A $310,000 1.9% 8.4% $286,000

TORQUAY 25 $320,000 -0.8% $320,000 7.6% 1.6% $315,000

URANGAN 36 $315,000 5.8% $312,500 0.8% -1.3% $316,500

URRAWEEN 21 $336,000 -3.5% $353,000 2.2% 5.4% $335,000

SURROUNDS

GYMPIE (LGA) 110 $270,000 1.8% $267,750 3.0% -2.6% $275,000

GYMPIE (LGA) ^ 65 $355,000 -5.3% $350,000 6.4% 0.4% $348,500

CHATSWORTH ^ 4 N/A N/A $372,500 11.2% 9.6% $340,000

COOLOOLA COVE 10 N/A N/A $286,000 4.0% -4.7% $300,000

CURRA ^ 5 N/A N/A $265,000 0.0% -10.2% $295,000

GYMPIE 53 $240,000 2.1% $235,000 -2.1% -5.2% $248,000

SOUTHSIDE 10 N/A N/A $332,500 4.1% 6.1% $313,250

TIN CAN BAY 10 N/A N/A $293,000 1.0% -16.3% $350,000

SOUTH BURNETT (LGA) 49 $185,000 -14.0% $187,500 -3.9% -14.8% $220,000

SOUTH BURNETT (LGA) ^ 27 $217,500 -9.4% $240,000 -4.0% -15.3% $283,500

KINGAROY 24 $222,000 -10.8% $230,000 -1.1% -9.4% $254,000

KINGAROY ^ 6 N/A N/A $320,000 -12.6% -20.9% $404,500

MURGON 9 N/A N/A $129,000 -7.9% -29.7% $183,500

NANANGO 4 N/A N/A $165,000 -6.3% -23.3% $215,000

FRASER COAST (LGA) 69 $150,000 1.7% $150,000 0.2% -6.3% $160,000

FRASER COAST (LGA) ^ 51 $71,000 -1.4% $72,000 -20.9% -16.3% $86,000

BURRUM HEADS 10 N/A N/A $105,000 5.0% -26.8% $143,500

GLENWOOD ^ 29 $65,000 -2.3% $65,000 0.0% -16.7% $78,000

RIVER HEADS 7 N/A N/A $115,000 24.3% -20.7% $145,000

TOOGOOM 5 N/A N/A $120,000 9.1% -21.3% $152,500

WONDUNNA 2 N/A N/A $154,500 -4.0% -11.7% $175,000

SURROUNDS

GYMPIE (LGA) 28 $118,500 -2.9% $125,000 6.8% -0.8% $126,000

GYMPIE (LGA) ^ 13 N/A N/A $120,000 0.0% -4.0% $125,000

GYMPIE 7 N/A N/A $135,500 16.3% 4.2% $130,000

FRASER COAST REGIONAL $245 152 $235 160

4650 ALDERSHOT $190 42 $190 54

4655HERVEY BAY/PIALBA/SCARNESS/URANGAN

$260 109 $250 104

GYMPIE REGIONAL $215 47 $220 47

4570GYMPIE/AMAMOOR/CURRA/IMBIL/KANDANGA/MONKLAND/SOUTHSIDE/VICTORY HEIGHTS

$210 32 $210 28

4581 RAINBOW BEACH/INSKIP $250 7 $260 10

SOUTH BURNETT REGIONAL $185 53 $190 46

4610 ALICE CREEK $190 47 $195 36





4650 MARYBOROUGH REGION $260 120 $260 131

4655 HERVEY BAY/PIALBA/SCARNESS/URANGAN $310 186 $300 194

4659 BURRUM/BURRUM HEADS/HOWARD $265 14 $250 20



$270 129 $260 126

4580 COOLOOLA/TIN CAN BAY $290 28 $270 27

SOUTH BURNETT REGIONAL $245 140 $240 150

4605 BARLIL $210 28 $220 33

4606 MP CREEK $225 10 $210 16

4610 ALICE CREEK $255 63 $250 63

4615 BARKER CREEK FLAT $230 33 $235 26


4655HERVEY BAY/PIALBA/SCARNESS/URANGAN

$320 45 $320 39



$275 8 $275 8



SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)


The State Government budget has committed about $28 million in financial year 2017 (out of $38 million total project costs) to upgrade the interchange in southern Maryborough for completion in May 2017.



BUNDABERGAfter two consecutive quarters without falls in the median sale price, the Bundaberg house market showed a contraction over the June 2016 quarter. Local real estate agents attributed this reduction, in part, to the uncertainty of the Australian federal election.

A number of large infrastructure projects have the potential to boost the local economy. These include the $20 million gas pipeline, the $71 million Rubyanna wastewater treatment plant (which includes a $43 million contract with Downer Utilities), the $70 million Knauf Plasterboard plant and the replacement of the Bundaberg Fire and Rescue Station for approximately $7 million.

A large 29.5ha residential development site in the Eastern Bundaberg Corridor at Ashfield Road, Kalkie was released to the market during the June 2016 quarter. This site will be in close proximity to the proposed Kepnock Central Shopping Centre, which, if it eventuates, will support the future growth of the eastern part of Bundaberg including the Kalkie-Ashfield development area.

Another large project in the region sponsored by the local government is the Bundaberg Region Multi-use Sports and Community Centre. This project will potentially inject about $15 million to the regional economy. Additional funding is being sought from the State Government under the regional infrastructure fund.

Job security remains a challenge for the area. The State Government has recently implemented a Back to Work jobs program regional Queensland, which will potentially support the return of long-term unemployed Australians to the job market. The impact of this program has not yet been felt and local residents hope that job opportunities increase soon to boost economic confidence in the region.

With more than $175 million committed infrastructure projects and potentially a large number of residential and commercial projects on the horizon, the long-term expectations for the Bundaberg economy and the residential property market are improving and are potentially supporting a recovery of the property market in the area.

HOUSE MARKET

Buyers are returning to the market and are more active, although the federal election uncertainty triggered a contraction in demand over the June quarter. Interstate investors from Melbourne and Sydney remain active in the house-and-land package market.

Despite the apparent improvement in demand, the median sale price for the quarter has dropped to $260,000 or the equivalent of 5.5 per cent over the quarter. On an annual basis, the house median sale price also dropped from $280,000 in June 2015 to $270,000 in June 2016. Local real estate agents indicate that the contraction has been partially triggered by a number of properties which previously flooded and were released to the market over the quarter and also buyers dropping the purchase price range.

More than 75 per cent of sales volumes is below $350,000. Properties sold above $500,000 represent only 5.2 per cent of the volume of sales.

Stock on market has reduced from 9.1 per cent in May 2015 to 8.8 per cent in May 2016 and it remains significantly above other large regional areas in Queensland.

The median days on market fell by five days over the last 12 months to May 2016, while the median vendor discount remained relatively stable at 6.8 per cent in May 2016.

UNIT MARKET

The unit median sale price of $287,000 for the quarter has exceeded the house median sale price of $260,000. This trend had not been seen in the region over the past 20 years and could be explained by a larger demand of low-maintenance properties from seniors and self-funded retirees.

Units in Bundaberg are generally townhouses and duplexes, which are more appealing for young first-home buyers and self-funded retirees, who drive demand in the unit market. Units are popular because they provide more modern and low-maintenance facilities.

The volume of unit sales increased slightly in the March quarter. Sales below $250,000 represented 45 per cent of the total volume of sales in the June quarter.

The median days on market has reduced from four months in May 2015 to slightly above three months in May 2016. The median vendor discount also showed the same trend as it reduced from 6.9 per cent in May 2015 to 6.4 per cent in May 2016. Both indicators sit at a lower range compared to other regional areas in Queensland. This fall could be proof that demand is stabilising in the area.

RENTAL MARKET

The rental market has softened over the June quarter with vacancy rates increasing from 5.2 per cent in March to 6.3 per cent in June. Similar vacancy rate levels had not been reported in the region since March 2009.

Due to the low interest rate environment and the reduction in the property prices, tenants are now turning into first home buyers. Tenants, like buyers, are now conscious that market conditions favour them and will shop around before making decisions. Specifically, tenants currently have the power to negotiate weekly rents and select amongst a number of properties.

Despite the increase of new bonds for three-bedroom houses over the 12 months to June 2016, the RTA median weakly rent data shows a reduction in the weekly rent from $285 in June 2015 to $280 in June 2016. Two-bedroom units, on the other hand, reported an increase in the median weekly rent from $225 per week to $230 per week, despite the number of new bonds reduced slightly over the 12 months to June 2016.

The region continues receiving workers committed to the new infrastructure projects. The impact on the rental market is still to be seen.

37


JUNE QUARTER 2016

BUNDABERG REGIONAL $280 373 $285 337

4660APPLE TREE CREEK/CHILDERS/WOODGATE

$280 31 $280 25

4670BUNDABERG/AVOCA/BARGARA/BURNETT HEADS/INNES PARK/KEPNOCK/MILLBANK/THABEBAN

$285 319 $285 295

4671 GIN GIN/MOUNT PERRY $250 22 $250 16

NORTH BURNETT REGIONAL $250 54 $235 43

4625 ARANBANGA $250 18 $250 17

4626 BEERON $270 23 $240 13

4630 BANCROFT $180 8 $180 10








4670BUNDABERG, AVOCA, BARGARA, BURNETT HEADS, INNES PARK, KEPNOCK, MILLBANK, THABEBAN

$230 182 $225 185

BUNDABERG (LGA) 199 $260,000 -5.5% $270,000 -3.6% -5.3% $285,000

BUNDABERG (LGA) ^ 51 $350,000 2.5% $335,000 -4.3% -2.9% $345,000

AVENELL HEIGHTS 11 N/A N/A $260,000 -2.3% -5.5% $275,000

AVOCA 9 N/A N/A $292,500 -2.4% -5.0% $308,000

BARGARA 29 $399,500 4.9% $382,250 0.6% 3.7% $368,500

BRANYAN ^ 7 N/A N/A $335,000 -13.7% -5.9% $356,000

BUNDABERG EAST 6 N/A N/A $257,500 3.2% -7.2% $277,500

BUNDABERG NORTH 18 N/A N/A $220,000 -5.4% -13.7% $255,000

BUNDABERG SOUTH 8 N/A N/A $243,500 3.6% -0.6% $245,000

BUNDABERG WEST 7 N/A N/A $235,000 -13.6% -1.9% $239,500

BURNETT HEADS 4 N/A N/A $280,000 -8.2% -2.8% $288,000

CORAL COVE 1 N/A N/A $438,500 9.6% 9.6% $400,000

KALKIE 10 N/A N/A $357,500 13.5% -2.1% $365,000

KEPNOCK 11 N/A N/A $262,500 -2.1% -2.8% $270,000

MILLBANK 10 N/A N/A $240,000 4.4% -5.9% $255,000

NORVILLE 14 N/A N/A $219,000 -0.9% -6.0% $233,000

SVENSSON HEIGHTS 6 N/A N/A $243,250 -5.5% -2.1% $248,500

THABEBAN 5 N/A N/A $251,250 -4.5% -10.3% $280,000

WALKERVALE 10 N/A N/A $226,000 -3.8% -1.1% $228,500

WOODGATE 6 N/A N/A $392,500 -9.8% -10.8% $440,000

SURROUNDS

NORTH BURNETT (LGA) 16 N/A N/A $140,000 -11.3% -10.3% $156,000

BUNDABERG (LGA) 41 $287,000 16.7% $270,000 7.6% 8.0% $250,000

AVENELL HEIGHTS 4 N/A N/A $235,000 -5.1% 4.9% $224,000

BARGARA 11 N/A N/A $309,000 -6.4% -9.1% $340,000

BUNDABERG (LGA) 40 $146,950 -1.0% $147,000 2.1% 5.0% $140,000

BUNDABERG (LGA) ^ 10 N/A N/A $152,500 5.4% 13.0% $135,000

BRANYAN 0 N/A N/A $146,000 6.2% 12.3% $130,000


4670BUNDABERG/AVOCA/BARGARA/BURNETT HEADS/INNES PARK/KEPNOCK/MILLBANK/THABEBAN

$280 10 $290 13


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

52

131

177

82

28

87

151

58

22

66

93

43

<$250k $250K+ $350K+ $500k+


*Preliminary data

1,126

431

56 41

833

464

63 27

573

204

24 22

<$250k $250K+ $350K+ $500k+


*Preliminary data

436

145

23 21 19

289

94

3411 11

150

4621 9 10

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

137

10 7

92

9 9

52

4 6

<$250k $250K+ $350K+


*Preliminary data

190 195

60

2813

147

119

59

15 5

65 5635

186

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

119

6 3

133

4 2

113

70

<$250k $250K+ $350K+


*Preliminary data

61

73

57

14

48

1 1

<$250k $250K+ $350K+


*Preliminary data

17

0

3

19

10

11

0 0

<$250k $250K+ $350K+


*Preliminary data

97

2 3

75

2 2

27

1 5

<$250k $250K+ $350K+


*Preliminary data

33

7

2

43

42

16

2 1

<$250k $250K+ $350K+


*Preliminary data

124

7 11

93

7 3

40

4 3

<$250k $250K+ $350K+


*Preliminary data

119

31

10

122

169

46

1710

<$250k $250K+ $350K+


*Preliminary data

56

474

1,390

800

9683

397

1,157

775

9060

260

800

481

68

<$250k $250K+ $350K+ $500k+ $1M+

BRISBANE UNIT SALES


*Preliminary data

296

430

360

103

11

296

401

258

98

11

243 231

150

86

11

<$250k $250K+ $350K+ $500k+ $1M+


*Preliminary data

331

863 883

689

156

277

842888

666

172210

567 603

476

99

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

26

63

28

8

32

75

25

10

22

40

15

7

<$250k $250K+ $350K+ $500k+


*Preliminary data

123

286 285

239

48

110

285

327

241

56

95

215232

172

27

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

41

28

62

3935

11

3

26

19

7

2

<$250k $250K+ $350K+ $500k+


*Preliminary data

22 22

6

2

29

21

3 2

18

8 86

<$250k $250K+ $350K+ $500k+


*Preliminary data

14

6

43

8 8

5

7

9

7

1 1

<$250k $250K+ $350K+ $500k+


*Preliminary data

1618

10

14

22

17

11

5

18

67

5

<$250k $250K+ $350K+ $500k+


*Preliminary data

22

8

14

5

15

6 6

1

16

35

0

<$250k $250K+ $350K+ $500k+


*Preliminary data

54

44

37

17

5046

22

9

40

32

19

10

<$250k $250K+ $350K+ $500k+


*Preliminary data

249

90

5538

9

230

7057

38

6

178

69

4122

3

<$250k $250K+ $350K+ $500k+ $1M+


*Preliminary data

123

784

2,804

547

101

758

2,435

420

100

582

1,981

393

<$350K $350K+ $500k+ $1M+




1,410

1,946

927

44

1,408

1,965

1,009

34

1,082

1,391

671

29

<$350K $350K+ $500k+ $1M+




30

590

988

179

43

619

993

200

19

413

788

174

<$350K $350K+ $500k+ $1M+




278

246

86

277

218

74

240

159

58

<$350K $350K+ $500k+



94

541

629

9189

511

698

7951

362

495

68

<$350K $350K+ $500k+ $1M+




292

102

18

283

92

23

220

71

9

<$350K $350K+ $500k+



196

64

15

187

59

5

150

34

10

<$350K $350K+ $500k+



57

44

17

4440

9

43

24

5

<$350K $350K+ $500k+



203

80

33

215

75

33

153

51

17

<$350K $350K+ $500k+



130

83

28

116

82

20

110

53

17

<$350K $350K+ $500k+



268

229

80

283

169

58

205

133

46

<$350K $350K+ $500k+



160

313

153

189

305

131136

195

92

<$350K $350K+ $500k+



A large 29.5ha residential development site in the Eastern Bundaberg Corridor at Ashfield Road, Kalkie was released to the market during the June 2016 quarter. This site will be in close proximity to the proposed Kepnock Central Shopping Centre, which, if it eventuates, will support the future growth of the eastern part of Bundaberg including the Kalkie-Ashfield development area.



GLADSTONEThe Gladstone market is probably one of the most challenged markets in Queensland, with median house and unit prices continuing to fall.

The resources downturn has hit the area hard. However, in early September the price of coking coal reached $170 a tonne, the highest spot price for more than a year. Naturally, the hope for the state’s 29 mines in the Bowen Basin that mine coking coal is that the price continues to rise.

The State Government has focused attention on the area and recent projects to launch or move closer to fruition include:

• An oil refinery plant that will turn waste products, such as tyre rubber, into renewable oil for biofuel

• The Paluszczuk Government’s regional Back To Work jobs program kicked off in Gladstone

• The first cruise ships welcomed to the Port of Gladstone, bringing tourists to the region

• A new $17 million marine terminal to be built on Gladstone Port Corporation land will create 100 jobs and ferry passengers, materials and equipment to Curtis Island, supporting both GLNG and QCLNG operations

Local agents and property managers report they are continuing to have difficult conversations with investors and vendors, who are struggling to adjust to the steadily slipping prices.

HOUSE MARKET

The quarterly Gladstone median house price, from 74 transactions, was $331,250, a drop of 6.7 per cent from the last quarter.

Compared with 12 months ago, the annual median sale price has dropped 6.9 per cent, from $372,000 to $346,500, and this is 15.5 per cent lower than five years ago, when it was $410,000.

The median days on market have pushed out to 79 days from 70 days this time last year, although the market is still moving quicker than Mackay and Fraser Coast.

Vendor discounting has moved from 8.1 per cent to 9.6 per cent in 12 months. This is a buyers’ market and agents report they are flexing their bargaining muscles at the negotiating table.

UNIT MARKET

The Gladstone unit market reported just 18 transactions this quarter, down from 29 the previous quarter. The median unit price was unable to be calculated due to the small number of transactions over the quarter.

The annual median sale price of $280,000 is 1.8 per cent higher than 12 months ago, but 29.4 per cent below the five-year mark, when the median sale price was $396,500.

RENTAL MARKET

The Gladstone rental market has weathered a tough couple of years, and the June quarter hasn’t brought any good news.

The gross rental yields for houses fell again, to 3.5 per cent and for units held steady at 3.3 per cent.

Over the quarter, the median weekly rents for three- bed houses has dropped $30 a week, to $220 a week, and the same can be said for two-bed units which have fallen by about $30 a week to $160 a week, and three-bed townhouses have fallen by around $35 a week to $215 a week.

52

131

177

82

28

87

151

58

22

66

93

43

<$250k $250K+ $350K+ $500k+


*Preliminary data

1,126

431

56 41

833

464

63 27

573

204

24 22

<$250k $250K+ $350K+ $500k+


*Preliminary data

436

145

23 21 19

289

94

3411 11

150

4621 9 10

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

137

10 7

92

9 9

52

4 6

<$250k $250K+ $350K+


*Preliminary data

190 195

60

2813

147

119

59

15 5

65 5635

186

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

119

6 3

133

4 2

113

70

<$250k $250K+ $350K+


*Preliminary data

61

73

57

14

48

1 1

<$250k $250K+ $350K+


*Preliminary data

17

0

3

19

10

11

0 0

<$250k $250K+ $350K+


*Preliminary data

97

2 3

75

2 2

27

1 5

<$250k $250K+ $350K+


*Preliminary data

33

7

2

43

42

16

2 1

<$250k $250K+ $350K+


*Preliminary data

124

7 11

93

7 3

40

4 3

<$250k $250K+ $350K+


*Preliminary data

119

31

10

122

169

46

1710

<$250k $250K+ $350K+


*Preliminary data

56

474

1,390

800

9683

397

1,157

775

9060

260

800

481

68

<$250k $250K+ $350K+ $500k+ $1M+

BRISBANE UNIT SALES


*Preliminary data

296

430

360

103

11

296

401

258

98

11

243 231

150

86

11

<$250k $250K+ $350K+ $500k+ $1M+


*Preliminary data

331

863 883

689

156

277

842888

666

172210

567 603

476

99

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

26

63

28

8

32

75

25

10

22

40

15

7

<$250k $250K+ $350K+ $500k+


*Preliminary data

123

286 285

239

48

110

285

327

241

56

95

215232

172

27

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

41

28

62

3935

11

3

26

19

7

2

<$250k $250K+ $350K+ $500k+


*Preliminary data

22 22

6

2

29

21

3 2

18

8 86

<$250k $250K+ $350K+ $500k+


*Preliminary data

14

6

43

8 8

5

7

9

7

1 1

<$250k $250K+ $350K+ $500k+


*Preliminary data

1618

10

14

22

17

11

5

18

67

5

<$250k $250K+ $350K+ $500k+


*Preliminary data

22

8

14

5

15

6 6

1

16

35

0

<$250k $250K+ $350K+ $500k+


*Preliminary data

54

44

37

17

5046

22

9

40

32

19

10

<$250k $250K+ $350K+ $500k+


*Preliminary data

249

90

5538

9

230

7057

38

6

178

69

4122

3

<$250k $250K+ $350K+ $500k+ $1M+


*Preliminary data

123

784

2,804

547

101

758

2,435

420

100

582

1,981

393

<$350K $350K+ $500k+ $1M+




1,410

1,946

927

44

1,408

1,965

1,009

34

1,082

1,391

671

29

<$350K $350K+ $500k+ $1M+




30

590

988

179

43

619

993

200

19

413

788

174

<$350K $350K+ $500k+ $1M+




278

246

86

277

218

74

240

159

58

<$350K $350K+ $500k+



94

541

629

9189

511

698

7951

362

495

68

<$350K $350K+ $500k+ $1M+




292

102

18

283

92

23

220

71

9

<$350K $350K+ $500k+



196

64

15

187

59

5

150

34

10

<$350K $350K+ $500k+



57

44

17

4440

9

43

24

5

<$350K $350K+ $500k+



203

80

33

215

75

33

153

51

17

<$350K $350K+ $500k+



130

83

28

116

82

20

110

53

17

<$350K $350K+ $500k+



268

229

80

283

169

58

205

133

46

<$350K $350K+ $500k+



160

313

153

189

305

131136

195

92

<$350K $350K+ $500k+



39


JUNE QUARTER 2016

GLADSTONE (LGA) 18 N/A N/A $280,000 1.8% -29.4% $396,500






GLADSTONE (LGA) 74 $331,250 -6.7% $346,500 -6.9% -15.5% $410,000

GLADSTONE (LGA) ^ 21 $350,000 -1.4% $360,000 -26.4% -29.6% $511,250

AGNES WATER ^ 5 N/A N/A $302,500 -17.9% -19.3% $375,000

BOYNE ISLAND 6 N/A N/A $380,000 -9.0% -15.4% $449,000

CALLIOPE 5 N/A N/A $340,000 -7.6% -18.1% $415,000

CLINTON 12 N/A N/A $340,000 -1.0% -16.9% $409,000

GLEN EDEN 5 N/A N/A $335,000 -22.1% -26.8% $457,500

KIN KORA 1 N/A N/A $337,500 -0.7% -13.5% $390,000

KIRKWOOD 4 N/A N/A $405,000 -5.9% -22.8% $524,500

NEW AUCKLAND 7 N/A N/A $357,000 -3.5% -12.6% $408,500

SOUTH GLADSTONE 6 N/A N/A $350,000 6.1% -6.7% $375,000

TANNUM SANDS 10 N/A N/A $420,000 -1.2% -9.2% $462,750

TELINA 4 N/A N/A $395,000 2.6% -10.2% $440,000

WEST GLADSTONE 4 N/A N/A $250,000 -16.5% -32.4% $370,000

SURROUNDS

BANANA (LGA) 24 $155,000 -35.2% $197,500 -24.9% -27.5% $272,500

BILOELA 17 N/A N/A $255,000 -17.7% -11.5% $288,000

GLADSTONE (LGA) 7 N/A N/A $190,000 0.5% -1.3% $192,500

KIRKWOOD 1 N/A N/A $197,500 1.3% -3.2% $204,000

GLADSTONE REGIONAL $220 254 $300 280

4677 AGNES WATER/MIRIAM VALE $320 16 $300 17

4680GLADSTONE/BOYNE ISLAND/CLINTON/NEW AUCKLAND/KIN KORA/ TANNUM SANDS

$210 227 $300 257

BANANA SHIRE $275 32 $300 50

4715 BILOELA $300 14 $330 18

4718 BAUHINIA $200 16 $290 27



$160 206 $240 200

BANANA SHIRE $250 11 $231 21

4715 BILOELA $250 9 $270 13



$210 88 $325 83


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)



ROCKHAMPTONThe June quarter for the Rockhampton residential market was very quiet, with sales volumes very low and the annual median sale price continuing to fall – down 6.8 per cent this quarter to $275,000, the lowest it’s been in almost nine years.

The unit market had too few transactions to extract any meaningful data.

Investors are scarce in this marketplace at the moment, and the buyers are mostly owner-occupiers making the most of the ideal buying conditions.

Projects such as the Riverbank Revitalisation Project – a $36 million development that is intended to revitalise the Fitzroy riverbank along Quay Street – and the CBD Master Plan, have yet to break ground and so it will be some time yet before the economic benefits, including jobs and business confidence, find traction.

However, these projects, along with the announced Australia-Singapore strategic military partnership that will bring $2.25 billion to our key military bases in Townsville and Rockhampton, can not be underestimated for the positive impact they will have on the local economy. What is less clear is how long it will take for the positive effects to flow through to the property market.

HOUSE MARKET

With approximately 161 house sales this quarter, roughly 60 fewer than last quarter, the market is continuing to slow.

The median house price fell 3.8 per cent to $260,000 and houses spent, on average, 69 days on the market. Median vendor discounting has stretched from 7.7 per cent to 8.1 per cent, the fourth highest of Queensland’s major centres, behind Mackay (11 per cent), Gladstone (9.6 per cent) and Townsville (8.2 per cent).

As usual, the busiest price point remains the sub-$350,000 price point. Those first-home buyers who are venturing into the market are finding plenty of affordable options.

Data to May 2016 indicates that annual listings volumes have remained relatively steady at about 2,270 compared to 12 months ago at 2,240. Our estimations indicate that approximately 39 per cent of listings were converted to sales over the past 12 months compared to 79 per cent in Brisbane LGA.

The June quarter data reveals the market is still around 6.8 per cent below the level it was at 12 months ago and almost 11 per cent below levels of five years ago. The short term prognosis remains flat to trending downwards

UNIT MARKET

The scarcity of investors in the Rocky market has impacted the unit market the most, with only 16 transactions this quarter.

With too few transactions in the unit market this quarter to extract meaningful data, we are unable to make a comment about the median price or its movement from last quarter’s $297,000..

The Empire Apartment and Hotel, in Rockhampton’s riverfront precinct, has reported sales activity this quarter, which is encouraging, with some apartments starting around $435,000.

RENTAL MARKET

The rental market weakened over the June quarter despite vacancy rates slightly improving and returns for investors remaining steady.

The vacancy rate fell fractionally in June, reported as 6.5 per cent this quarter, down from 6.9 per cent. Apart from last quarter, however, it’s still the highest it’s been since December 2013.

Indicative gross rental yields for houses slipped from 5.7 per cent to 5.6 per cent, but held steady for units at 4.3 per cent.

Data also reveals that the weekly rents dropped in the June quarter, with three-bedroom houses commanding $280 a week – compared to $295 a week in the March quarter – while units attracted $200 a week in the June quarter, which is $20 less than the previous quarter.

The rental market weakened over the June quarter despite vacancy rates slightly improving and returns for investors remaining steady.

41


JUNE QUARTER 2016

123

784

2,804

547

101

758

2,435

420

100

582

1,981

393

<$350K $350K+ $500k+ $1M+




1,410

1,946

927

44

1,408

1,965

1,009

34

1,082

1,391

671

29

<$350K $350K+ $500k+ $1M+




30

590

988

179

43

619

993

200

19

413

788

174

<$350K $350K+ $500k+ $1M+




278

246

86

277

218

74

240

159

58

<$350K $350K+ $500k+



94

541

629

9189

511

698

7951

362

495

68

<$350K $350K+ $500k+ $1M+




292

102

18

283

92

23

220

71

9

<$350K $350K+ $500k+



196

64

15

187

59

5

150

34

10

<$350K $350K+ $500k+



57

44

17

4440

9

43

24

5

<$350K $350K+ $500k+



203

80

33

215

75

33

153

51

17

<$350K $350K+ $500k+



130

83

28

116

82

20

110

53

17

<$350K $350K+ $500k+



268

229

80

283

169

58

205

133

46

<$350K $350K+ $500k+



160

313

153

189

305

131136

195

92

<$350K $350K+ $500k+







ROCKHAMPTON (LGA) 161 $260,000 -3.7% $275,000 -6.8% -11.0% $309,000

ROCKHAMPTON (LGA) ^ 9 N/A N/A $380,000 -2.2% -1.9% $387,500

ALLENSTOWN 10 N/A N/A $250,000 -2.9% -4.8% $262,500

BERSERKER 19 N/A N/A $227,000 1.1% -11.5% $256,550

FRENCHVILLE 16 N/A N/A $319,500 1.1% -3.2% $330,000

GRACEMERE 9 N/A N/A $295,000 -9.2% -10.6% $330,000

KAWANA 12 N/A N/A $297,500 -4.8% -6.3% $317,500

KOONGAL 14 N/A N/A $240,000 4.4% -4.0% $250,000

MOUNT MORGAN 9 N/A N/A $110,000 15.8% -11.5% $124,250

NORMAN GARDENS 20 $380,000 -2.3% $365,000 -13.5% -17.0% $440,000

PARK AVENUE 17 N/A N/A $230,000 -9.5% -11.2% $259,000

THE RANGE 14 N/A N/A $350,000 -4.1% 0.0% $350,000

WANDAL 12 N/A N/A $290,000 -7.9% 0.9% $287,500

SURROUNDS

CENTRAL HIGHLANDS (LGA) 30 $172,500 1.5% $180,000 -25.0% -50.0% $360,000

BLACKWATER 9 N/A N/A $130,000 -13.9% -61.9% $341,500

EMERALD 19 N/A N/A $240,000 -16.5% -38.7% $391,250

LIVINGSTONE (LGA) 63 $370,000 0.0% $372,000 -2.1% -0.8% $375,000

LIVINGSTONE (LGA) ^ 28 $490,000 4.3% $488,000 1.1% 6.1% $460,000

EMU PARK 6 N/A N/A $310,000 -7.1% -16.2% $370,000

LAMMERMOOR 4 N/A N/A $475,000 18.0% 10.5% $430,000

YEPPOON 23 $415,000 30.9% $357,500 -3.1% -7.2% $385,250

ZILZIE 6 N/A N/A $360,000 -7.7% -4.0% $375,000

ROCKHAMPTON (LGA) 16 N/A N/A $299,000 -17.2% 7.7% $277,500

ROCKHAMPTON CITY 4 N/A N/A $457,500 2.1% 18.8% $385,000

SURROUNDS

LIVINGSTONE (LGA) 20 $246,750 -5.1% $342,000 14.4% 4.6% $327,000

YEPPOON 11 N/A N/A $340,000 18.7% -5.3% $359,000

ROCKHAMPTON (LGA) 11 N/A N/A $160,000 -4.8% 18.5% $135,000

GRACEMERE 4 N/A N/A $148,500 1.4% 10.0% $135,000

NORMAN GARDENS 4 N/A N/A $173,000 -3.4% -1.1% $175,000

SURROUNDS

LIVINGSTONE (LGA) 19 N/A N/A $171,500 0.9% 10.6% $155,000

HIDDEN VALLEY 2 N/A N/A $175,000 -1.1% -54.2% $382,250

PARKHURST 4 N/A N/A $165,000 -4.1% -25.0% $220,000

ZILZIE 1 N/A N/A $159,000 -3.6% -3.6% $165,000

ROCKHAMPTON REGIONAL $280 249 $290 288

4700ALLENSTOWN/DEPOT HILL/GREAT KEPPEL IS/ROCKHAMPTON/WANDAL

$270 87 $285 86

4701

CENTRAL QLD UNI/ FRENCHVILLE/ KALKA/ KOONGAL/ LAKES CK/ NERIMBERA/ NTH ROCKHAMPTON/ OASIS GARDENS/ PK AVENUE PO/ROCKHAMPTON

$295 153 $290 191

LIVINGSTONE SHIRE $300 165 $310 141

4702

AMBROSE/BANANA/BARALABA/GINDIE/GRACEMERE/JERICHO/KEPPEL SANDS/SAPHIRESTANWELL/RUBYVALE/WESTWOOD/WOORABINDA/WOWAN/YARAKA

$270 68 $290 63

4703

BAYFIELD/BUNGUNDARRA/BYFIELD/COOEE BAY/FARNBOROUGH/KEMP BCH/KINKA BCH/LAMMERMOOR BCH/STATUTE BAY/TARANGANBA/WOODBURY/YEPPOON

$330 72 $340 61

4710 EMU PARK/ZILZIE $280 25 $320 16

4714 MOUNT MORGAN $220 9 $190 10

CENTRAL HIGHLANDS REGIONAL $200 118 $220 129

4717 BLACKWATER $200 61 $200 66

4720 EMERALD $215 47 $230 56





4700ALLENSTOWN/DEPOT HILL/GREAT KEPPEL IS/ROCKHAMPTON/WANDAL

$200 57 $270 32

4701

CENTRAL QLD UNI/ FRENCHVILLE/ KALKA/ KOONGAL/ LAKES CK/ NERIMBERA/ NTH ROCKHAMPTON/ OASIS GARDENS/ PK AVENUE PO/ROCKHAMPTON

$200 133 $220 154


4703

BAYFIELD/BUNGUNDARRA/BYFIELD/COOEE BAY/FARNBOROUGH/KEMP BCH/KINKA BCH/LAMMERMOOR BCH/STATUTE BAY/TARANGANBA/WOODBURY/YEPPOON

$260 57 $280 62


4720 EMERALD $190 45 $190 45



4702

AMBROSE/BANANA/BARALABA/GINDIE/GRACEMERE/JERICHO/KEPPEL SANDS/SAPHIRESTANWELL/RUBYVALE/WESTWOOD/WOORABINDA/WOWAN/YARAKA

$340 5 N.A. 2


4720 EMERALD $230 6 $250 8

52

131

177

82

28

87

151

58

22

66

93

43

<$250k $250K+ $350K+ $500k+


*Preliminary data

1,126

431

56 41

833

464

63 27

573

204

24 22

<$250k $250K+ $350K+ $500k+


*Preliminary data

436

145

23 21 19

289

94

3411 11

150

4621 9 10

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

137

10 7

92

9 9

52

4 6

<$250k $250K+ $350K+


*Preliminary data

190 195

60

2813

147

119

59

15 5

65 5635

186

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

119

6 3

133

4 2

113

70

<$250k $250K+ $350K+


*Preliminary data

61

73

57

14

48

1 1

<$250k $250K+ $350K+


*Preliminary data

17

0

3

19

10

11

0 0

<$250k $250K+ $350K+


*Preliminary data

97

2 3

75

2 2

27

1 5

<$250k $250K+ $350K+


*Preliminary data

33

7

2

43

42

16

2 1

<$250k $250K+ $350K+


*Preliminary data

124

7 11

93

7 3

40

4 3

<$250k $250K+ $350K+


*Preliminary data

119

31

10

122

169

46

1710

<$250k $250K+ $350K+


*Preliminary data

56

474

1,390

800

9683

397

1,157

775

9060

260

800

481

68

<$250k $250K+ $350K+ $500k+ $1M+

BRISBANE UNIT SALES


*Preliminary data

296

430

360

103

11

296

401

258

98

11

243 231

150

86

11

<$250k $250K+ $350K+ $500k+ $1M+


*Preliminary data

331

863 883

689

156

277

842888

666

172210

567 603

476

99

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

26

63

28

8

32

75

25

10

22

40

15

7

<$250k $250K+ $350K+ $500k+


*Preliminary data

123

286 285

239

48

110

285

327

241

56

95

215232

172

27

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

41

28

62

3935

11

3

26

19

7

2

<$250k $250K+ $350K+ $500k+


*Preliminary data

22 22

6

2

29

21

3 2

18

8 86

<$250k $250K+ $350K+ $500k+


*Preliminary data

14

6

43

8 8

5

7

9

7

1 1

<$250k $250K+ $350K+ $500k+


*Preliminary data

1618

10

14

22

17

11

5

18

67

5

<$250k $250K+ $350K+ $500k+


*Preliminary data

22

8

14

5

15

6 6

1

16

35

0

<$250k $250K+ $350K+ $500k+


*Preliminary data

54

44

37

17

5046

22

9

40

32

19

10

<$250k $250K+ $350K+ $500k+


*Preliminary data

249

90

5538

9

230

7057

38

6

178

69

4122

3

<$250k $250K+ $350K+ $500k+ $1M+


*Preliminary data


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)



MACKAYLike many of Queensland’s regional markets, Mackay continues to feel the impact of the mining resources downturn. The underpinning economic drivers, such as education, sugar and tourism, are not yet filling the gap that has been left by the mining losses.

Jobs are a key driver behind the property market and the June jobless figures from the Department of Employment reveal Mackay’s unemployment rate to be 6.2 per cent, which is higher than the national average of 5.7 per cent, and among the highest in the state.

As with elsewhere in regional Queensland, the Mackay property market is welcoming young first-home buyers in to the market, who are taking advantage of the good buying conditions. Investors are scarce.

In June, the Indian billionaire behind the Adani mine, Gautam Adani, gave an interview with The Australian and expressed disappointment that the mine approval process had stretched out over six years. With two High Court cases yet to be heard, he is hopeful the approvals process will wrap up in early 2017 and he would be able to begin construction.

The $16 billion mine is planned to export 60,000 tonnes of coal to India and will provide an estimated 1000 jobs for the region, according to The Australian’s report.

Once the final go-ahead had been given, and the rail and port facilities constructed, it is thought this would open up the Galilee basin to other mega-mines, with Gina Rinehart currently planning a similar project in partnership with another Indian mining company, GVK.

HOUSE MARKET

The Mackay market is classified as falling and the median house price fell 6.9 per cent this quarter to deliver a median house price of $316,500.

The number of transactions continues to fall, from 219 sales last quarter to 189 sales this quarter in the preliminary data.

Taking a longer term view, the annual median house price is $340,000 which is 9.3 per cent down on a year ago and also 16.9 per cent down on five years ago. The suburb of North Mackay has suffered the biggest long-term falls of any suburb in the state, now 31 per cent below the mark set five years ago, with an annual median house price of $245,000, down from $355,000. Blacks Beach and South Mackay have incurred similar losses to median house prices – 28.8 per cent and 27 per cent, respectively.

This is an area that is doing it tough, with significant losses to the median sale price. The REIQ has lobbied the State Government extensively to broaden the first-home buyers’ grant to include established homes – where it would do enormous good in regional markets such as Mackay. First-home buyers in Mackay (and other regional markets) still face the same challenges as those in metropolitan areas – the challenge of getting a deposit together – and a broadened first-home buyer grant would help them get into the market and also create demand for the surplus of established homes.

UNIT MARKET

The unit market in Mackay is small, with just 26 transactions in the June quarter preliminary data, compared with 29 the previous quarter.

The preliminary median sale price for the June quarter is $235,000, just 2.1 per cent below last quarter. This is encouraging and is an indication that the unit market is stabilising. The market has lost 21.3 per cent compared with last year, and 23.3 per cent compared with five years ago. These figures indicate the market may be entering a stabilisation phase.

RENTAL MARKET

Mackay’s vacancy rate is the lowest in two years, and, at 7.7 per cent, represents the fourth fall in eight quarters.

However, 7.7 per cent is still high and is among the highest in the state, exceeded by Gladstone, Livingston Shire and the Burdekin.

Gross rental yields have held steady for houses at 4.6 per cent, although have dropped slightly for units, to 4.4 per cent.

Mackay is almost the cheapest place in Queensland to rent a three-bed house, which would cost just $280 a week. Gladstone is cheaper, at $220 a week median rent. The same three-bedroom house on the Gold Coast would nearly be double, at $460 a week and in Brisbane it would be $420 a week.

Median rents for two-bed units held steady at $200 a week and a three-bed townhouse fell slightly to $290 a week.

123

784

2,804

547

101

758

2,435

420

100

582

1,981

393

<$350K $350K+ $500k+ $1M+




1,410

1,946

927

44

1,408

1,965

1,009

34

1,082

1,391

671

29

<$350K $350K+ $500k+ $1M+




30

590

988

179

43

619

993

200

19

413

788

174

<$350K $350K+ $500k+ $1M+




278

246

86

277

218

74

240

159

58

<$350K $350K+ $500k+



94

541

629

9189

511

698

7951

362

495

68

<$350K $350K+ $500k+ $1M+




292

102

18

283

92

23

220

71

9

<$350K $350K+ $500k+



196

64

15

187

59

5

150

34

10

<$350K $350K+ $500k+



57

44

17

4440

9

43

24

5

<$350K $350K+ $500k+



203

80

33

215

75

33

153

51

17

<$350K $350K+ $500k+



130

83

28

116

82

20

110

53

17

<$350K $350K+ $500k+



268

229

80

283

169

58

205

133

46

<$350K $350K+ $500k+



160

313

153

189

305

131136

195

92

<$350K $350K+ $500k+



As with elsewhere in regional Queensland, the Mackay property market is welcoming young first-home buyers in to the market, who are taking advantage of the good buying conditions. Investors are scarce.

43


JUNE QUARTER 2016

MACKAY REGIONAL $280 402 $300 411

4737SARINA/SARINA BEACH/ARMSTRONG BEACH

$280 33 $280 31

4740 MACKAY $280 298 $300 329

4741

VARIOUS ISLANDS/CLAIRVIEW/ETON/FARLEIGH/FLAGGY ROCK/GARGETT/MT CHRISTIAN/MT OSSA/OAKENDEN/PINNACLE/PLEYSTOWE/SEAFORTH/YALBOROO

$260 10 $320 5

4750 BUCASIA/SEAVIEW HEIGHTS/SHOAL PT $280 29 $295 17

4751 PALMYRA/WALKERSTON $270 11 $285 12

ISAAC REGIONAL $200 170 $220 141

4721 CLERMONT $230 9 N.A. 4

4742 NEBO $200 5 $200 8

4744 MORANBAH $230 105 $250 82

4745 DYSART $150 38 $180 41

4746 MIDDLEMOUNT $225 12 $250 5

WHITSUNDAY REGIONAL $290 190 $290 182

4800

CANNON VALLEY/CONWAY/DINGO BCH/ERLANDO BCH/MT JULIAN/MT MARLOW/NTH GREGORY/PROSERPINE/RIORDANVALE/STRATHDICKIE/WILSON BCH

$300 29 $300 30

4802AIRLIE BCH/CANNONVALE/JUBILEE/SHUTE HARBOUR/SHUTEHAVEN/WHITSUNDAY

$360 53 $370 46

4804 COLLINSVILLE $150 12 $170 19

4805 BOWEN $270 96 $265 87

MACKAY (LGA) 189 $316,500 -6.9% $340,000 -9.3% -16.9% $409,000

MACKAY (LGA) ^ 19 N/A N/A $440,000 -2.2% -8.3% $480,000

ANDERGROVE 18 N/A N/A $302,500 -13.6% -23.0% $393,000

BEACONSFIELD 8 N/A N/A $340,000 -8.1% -15.0% $400,000

BLACKS BEACH 7 N/A N/A $340,000 -18.0% -28.8% $477,500

BUCASIA 7 N/A N/A $317,500 -18.6% -26.4% $431,500

EAST MACKAY 8 N/A N/A $390,000 0.0% -7.1% $420,000

EIMEO 9 N/A N/A $352,500 -13.5% -20.3% $442,500

GLENELLA 13 N/A N/A $430,000 -14.0% -16.8% $517,000

MARIAN 7 N/A N/A $415,000 -7.7% -1.9% $423,000

MOUNT PLEASANT 8 N/A N/A $365,000 -7.6% -13.3% $421,000

NORTH MACKAY 6 N/A N/A $245,000 -22.7% -31.0% $355,000

OORALEA 7 N/A N/A $400,000 -11.5% -20.8% $505,000

RURAL VIEW 11 N/A N/A $359,500 -19.9% -21.8% $460,000

SARINA 3 N/A N/A $260,000 4.4% -16.1% $310,000

SLADE POINT 7 N/A N/A $320,000 10.3% -13.6% $370,500

SOUTH MACKAY 19 N/A N/A $270,000 -10.9% -27.0% $370,000

WALKERSTON 3 N/A N/A $345,000 -11.8% -21.3% $438,500

WEST MACKAY 20 $288,500 -3.0% $307,500 -9.6% -16.9% $370,000

SURROUNDS

ISAAC (LGA) 38 $102,000 -11.3% $120,000 -42.9% -73.3% $450,000

MORANBAH 16 N/A N/A $167,500 -22.1% -65.2% $481,000

WHITSUNDAY (LGA) 58 $350,000 6.4% $355,000 -6.6% -2.5% $364,000

WHITSUNDAY (LGA) ^ 14 N/A N/A $430,000 -9.6% -3.9% $447,500

BOWEN 12 N/A N/A $251,000 -23.9% -31.3% $365,548

CANNONVALE 18 N/A N/A $425,000 -1.0% -3.4% $440,000

PROSERPINE 9 N/A N/A $260,000 10.6% -15.6% $308,000







MACKAY (LGA) 26 $235,000 -2.1% $240,000 -21.3% -23.3% $313,000

MACKAY 6 N/A N/A $242,000 -24.7% -24.4% $320,000

SURROUNDS

WHITSUNDAY (LGA) 39 $230,000 -13.2% $285,500 9.8% 2.0% $280,000

AIRLIE BEACH 11 N/A N/A $359,500 -13.2% -0.6% $361,500

CANNONVALE 18 N/A N/A $258,950 7.9% -12.2% $295,000

MACKAY (LGA) 16 N/A N/A $165,000 -17.1% -8.8% $181,000

RURAL VIEW 4 N/A N/A $147,500 -25.3% -29.8% $210,000

SURROUNDS

WHITSUNDAY (LGA) 10 N/A N/A $167,500 -3.7% 12.4% $149,000

CANNONVALE 2 N/A N/A $170,000 -2.3% 36.0% $125,000


4737SARINA/SARINA BEACH/ ARMSTRONG BEACH

$160 10 $198 22

4740 MACKAY $200 236 $230 301

4750 BUCASIA/SEAVIEW HEIGHTS/SHOAL PT $150 8 N.A. 4


4744 MORANBAH $350 15 $250 7

4746 MIDDLEMOUNT $230 10 $250 6


4800

CANNON VALLEY/CONWAY/DINGO BCH/ERLANDO BCH/MT JULIAN/MT MARLOW/NTH GREGORY/PROSERPINE/RIORDANVALE/STRATHDICKIE/WILSON BCH

$190 17 $200 9


$280 122 $275 108

4805 BOWEN $210 63 $220 52


4740 MACKAY $290 28 $300 40


4744 MORANBAH $280 17 $315 8

4745 DYSART N.A. 4 $165 6



$320 16 $350 15

4805 BOWEN $300 16 $300 5


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

52

131

177

82

28

87

151

58

22

66

93

43

<$250k $250K+ $350K+ $500k+


*Preliminary data

1,126

431

56 41

833

464

63 27

573

204

24 22

<$250k $250K+ $350K+ $500k+


*Preliminary data

436

145

23 21 19

289

94

3411 11

150

4621 9 10

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

137

10 7

92

9 9

52

4 6

<$250k $250K+ $350K+


*Preliminary data

190 195

60

2813

147

119

59

15 5

65 5635

186

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

119

6 3

133

4 2

113

70

<$250k $250K+ $350K+


*Preliminary data

61

73

57

14

48

1 1

<$250k $250K+ $350K+


*Preliminary data

17

0

3

19

10

11

0 0

<$250k $250K+ $350K+


*Preliminary data

97

2 3

75

2 2

27

1 5

<$250k $250K+ $350K+


*Preliminary data

33

7

2

43

42

16

2 1

<$250k $250K+ $350K+


*Preliminary data

124

7 11

93

7 3

40

4 3

<$250k $250K+ $350K+


*Preliminary data

119

31

10

122

169

46

1710

<$250k $250K+ $350K+


*Preliminary data

56

474

1,390

800

9683

397

1,157

775

9060

260

800

481

68

<$250k $250K+ $350K+ $500k+ $1M+

BRISBANE UNIT SALES


*Preliminary data

296

430

360

103

11

296

401

258

98

11

243 231

150

86

11

<$250k $250K+ $350K+ $500k+ $1M+


*Preliminary data

331

863 883

689

156

277

842888

666

172210

567 603

476

99

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

26

63

28

8

32

75

25

10

22

40

15

7

<$250k $250K+ $350K+ $500k+


*Preliminary data

123

286 285

239

48

110

285

327

241

56

95

215232

172

27

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

41

28

62

3935

11

3

26

19

7

2

<$250k $250K+ $350K+ $500k+


*Preliminary data

22 22

6

2

29

21

3 2

18

8 86

<$250k $250K+ $350K+ $500k+


*Preliminary data

14

6

43

8 8

5

7

9

7

1 1

<$250k $250K+ $350K+ $500k+


*Preliminary data

1618

10

14

22

17

11

5

18

67

5

<$250k $250K+ $350K+ $500k+


*Preliminary data

22

8

14

5

15

6 6

1

16

35

0

<$250k $250K+ $350K+ $500k+


*Preliminary data

54

44

37

17

5046

22

9

40

32

19

10

<$250k $250K+ $350K+ $500k+


*Preliminary data

249

90

5538

9

230

7057

38

6

178

69

4122

3

<$250k $250K+ $350K+ $500k+ $1M+


*Preliminary data



The most active price point remains the sub-$350,000 mark, indicating that the bulk of buying and selling is being done by wage-earners and this is where the greatest value is to be found.

Due to a change in methodology at CoreLogic, the days on market are now calculated differently and the Townsville market is now reporting a median average of 70 days on market compared with 66 days about 12 months ago.

Compared with other regional markets Townsville (70 days) is at about the mid-point. It is the fifth-slowest market in Queensland, exceeded by Noosa (76 days), Gladstone (79 days), Mackay (82 days), and Fraser Coast (87 days).

UNIT MARKET

The median sale price for units in Townsville for the June quarter is $280,000, and while there is a slippage of some points, the market is generally remaining steady compared with 12 months ago.

The annual median sale price is $285,000 and this is 0.2 per cent higher than 12 months ago, which is really positive news. Unfortunately, it is still about 11 per cent below the five-year level of $320,000.

RENTAL MARKET

As mentioned earlier, the jobless rate in Townsville is high, at 12.6 per cent, which is the highest in the state apart from outback Queensland. Surprisingly, however, the impact on the rental market has been limited so far, with investors working to hold on to tenants.

The vacancy rate has fallen a fraction in the June quarter, down from 6.0 per cent to 5.7 per cent. This represents the second consecutive fall, with the rate at 6.4 per cent in December, then 6.0 per cent in March and now 5.7 per cent in June.

Weekly rents have fallen slightly across three-bed houses and two-bed units, with three-bed houses now fetching $300 a week (down from $310) and two-bed units now commanding $250 a week (down from $260 a week last quarter). The fall for three-bed townhouses has been more dramatic, losing $40 a week to bring in a median average weekly rent of $300 a week.

TOWNSVILLETownsville’s residential property market has experienced some quarterly volatility, with a jump in growth of almost three per cent in the median house price, from $330,000 to $339,685.

It is hoped that the region is beginning to emerge from choppy market conditions, although it is still two per cent down on 12 months ago and 8.3 per cent down on five years ago.

This quarter 412 houses were sold, down about 100 sales on the March quarter, so sales volumes based on preliminary data appears to be dropping.

Overall, the REIQ considers the market is bearing up reasonably well under the job losses from the shutdown of the nickel refinery even though the market is still considered to be a falling market.

Recent labour market figures from the Department of Employment put Townsville’s June unemployment rate at almost the highest in the state, at 12.6 per cent. This will continue to create instability and volatility in the residential property sector.

The state and federal government-backed projects such as Townsville’s ring road, which is tracking ahead of schedule and should be completed in early 2017, and the announcement of the North Queensland Football Stadium, have buoyed business confidence in the region, as well as created jobs for more than 1000 workers, softening the impact of the nickel refinery and mining job losses.

The State Government has announced it will fast-track many of its construction and roadworks projects, which will bring additional jobs to the region and this will benefit the property sector.

HOUSE MARKET

With an unexpected result this quarter of 2.9 per cent growth, to deliver a median sale price for houses of $339,685, the Townsville market continues to show some volatility.

The March quarter median fell 8.3 per cent from January, so to have growth in the June quarter is very surprising. Likely causal factors include remedial measures from the government, along with the diverse economic drivers such as a significant defence force presence along with significant activity in the commercial sector.

As mentioned earlier, the state and federal governments have committed to long-range projects that will deliver jobs to the area. However, the number of jobs needed to offset the losses is in the thousands.

The short-term boosts to business confidence will hopefully trigger further investment in the region from the private sector and this will lead to further jobs growth.

Even though the June quarter has reported a solid result, the Townsville market remains below previous levels. The annual median sale price (as opposed to the quarterly sale price) of $343,000 is two per cent below 12 months ago and 8.3 per cent below 2011 levels.

Townsville’s residential property market has experienced some quarterly volatility, with a jump in growth of almost three per cent in the median house price, from $330,000 to $339,685.

45


JUNE QUARTER 2016

52

131

177

82

28

87

151

58

22

66

93

43

<$250k $250K+ $350K+ $500k+


*Preliminary data

1,126

431

56 41

833

464

63 27

573

204

24 22

<$250k $250K+ $350K+ $500k+


*Preliminary data

436

145

23 21 19

289

94

3411 11

150

4621 9 10

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

137

10 7

92

9 9

52

4 6

<$250k $250K+ $350K+


*Preliminary data

190 195

60

2813

147

119

59

15 5

65 5635

186

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

119

6 3

133

4 2

113

70

<$250k $250K+ $350K+


*Preliminary data

61

73

57

14

48

1 1

<$250k $250K+ $350K+


*Preliminary data

17

0

3

19

10

11

0 0

<$250k $250K+ $350K+


*Preliminary data

97

2 3

75

2 2

27

1 5

<$250k $250K+ $350K+


*Preliminary data

33

7

2

43

42

16

2 1

<$250k $250K+ $350K+


*Preliminary data

124

7 11

93

7 3

40

4 3

<$250k $250K+ $350K+


*Preliminary data

119

31

10

122

169

46

1710

<$250k $250K+ $350K+


*Preliminary data

56

474

1,390

800

9683

397

1,157

775

9060

260

800

481

68

<$250k $250K+ $350K+ $500k+ $1M+

BRISBANE UNIT SALES


*Preliminary data

296

430

360

103

11

296

401

258

98

11

243 231

150

86

11

<$250k $250K+ $350K+ $500k+ $1M+


*Preliminary data

331

863 883

689

156

277

842888

666

172210

567 603

476

99

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

26

63

28

8

32

75

25

10

22

40

15

7

<$250k $250K+ $350K+ $500k+


*Preliminary data

123

286 285

239

48

110

285

327

241

56

95

215232

172

27

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

41

28

62

3935

11

3

26

19

7

2

<$250k $250K+ $350K+ $500k+


*Preliminary data

22 22

6

2

29

21

3 2

18

8 86

<$250k $250K+ $350K+ $500k+


*Preliminary data

14

6

43

8 8

5

7

9

7

1 1

<$250k $250K+ $350K+ $500k+


*Preliminary data

1618

10

14

22

17

11

5

18

67

5

<$250k $250K+ $350K+ $500k+


*Preliminary data

22

8

14

5

15

6 6

1

16

35

0

<$250k $250K+ $350K+ $500k+


*Preliminary data

54

44

37

17

5046

22

9

40

32

19

10

<$250k $250K+ $350K+ $500k+


*Preliminary data

249

90

5538

9

230

7057

38

6

178

69

4122

3

<$250k $250K+ $350K+ $500k+ $1M+


*Preliminary data

123

784

2,804

547

101

758

2,435

420

100

582

1,981

393

<$350K $350K+ $500k+ $1M+




1,410

1,946

927

44

1,408

1,965

1,009

34

1,082

1,391

671

29

<$350K $350K+ $500k+ $1M+




30

590

988

179

43

619

993

200

19

413

788

174

<$350K $350K+ $500k+ $1M+




278

246

86

277

218

74

240

159

58

<$350K $350K+ $500k+



94

541

629

9189

511

698

7951

362

495

68

<$350K $350K+ $500k+ $1M+




292

102

18

283

92

23

220

71

9

<$350K $350K+ $500k+



196

64

15

187

59

5

150

34

10

<$350K $350K+ $500k+



57

44

17

4440

9

43

24

5

<$350K $350K+ $500k+



203

80

33

215

75

33

153

51

17

<$350K $350K+ $500k+



130

83

28

116

82

20

110

53

17

<$350K $350K+ $500k+



268

229

80

283

169

58

205

133

46

<$350K $350K+ $500k+



160

313

153

189

305

131136

195

92

<$350K $350K+ $500k+



TOWNSVILLE (LGA) 412 $339,685 2.9% $343,000 -2.0% -8.3% $374,000

TOWNSVILLE (LGA) ^ 34 $385,000 -8.3% $417,000 -5.2% -5.4% $440,750

AITKENVALE 10 N/A N/A $320,000 4.1% -6.8% $343,250

ALICE RIVER ^ 5 N/A N/A $490,000 -4.3% 1.0% $485,000

ANNANDALE 23 $390,000 2.6% $410,000 -2.4% -12.4% $468,000

BOHLE PLAINS 11 N/A N/A $425,000 2.4% -3.4% $440,000

BURDELL 11 N/A N/A $410,000 -0.9% -3.7% $425,750

BUSHLAND BEACH 16 N/A N/A $384,000 -4.0% -8.0% $417,500

CONDON 14 N/A N/A $299,500 6.6% -9.2% $330,000

CRANBROOK 14 N/A N/A $281,000 -1.4% -12.6% $321,500

CURRAJONG 5 N/A N/A $265,000 -7.0% -8.6% $290,000

DEERAGUN 2 N/A N/A $285,000 -13.0% -18.1% $347,875

DOUGLAS 21 $405,000 0.9% $400,000 1.3% -4.0% $416,750

GULLIVER 12 N/A N/A $278,000 -4.8% -9.0% $305,500

HEATLEY 13 N/A N/A $248,000 -6.4% -16.6% $297,500

HERMIT PARK 12 N/A N/A $341,000 -4.6% -9.7% $377,500

HYDE PARK 4 N/A N/A $366,250 11.0% 5.1% $348,500

IDALIA 10 N/A N/A $485,000 -7.6% -1.0% $490,000

KELSO 14 N/A N/A $250,000 -13.0% -27.5% $345,000

KIRWAN 47 $329,500 0.0% $332,500 -3.3% -7.6% $360,000

MOUNT LOUISA 29 $367,000 -11.6% $390,000 4.5% -5.7% $413,500

MUNDINGBURRA 9 N/A N/A $332,500 -12.5% -11.4% $375,250

NORTH WARD 12 N/A N/A $685,000 1.9% 17.6% $582,500

OONOONBA 4 N/A N/A $292,000 0.7% -7.3% $315,000


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

TOWNSVILLE (LGA) 42 $156,450 -5.2% $159,500 -1.5% -1.5% $161,950

TOWNSVILLE (LGA) ^ 5 N/A N/A $205,000 2.8% -6.8% $220,000

BOHLE PLAINS 0 N/A N/A $150,750 -8.6% -11.3% $170,000

BURDELL 4 N/A N/A $146,500 -9.5% -13.1% $168,500

BUSHLAND BEACH 3 N/A N/A $159,000 6.4% 4.6% $152,000

KELSO 3 N/A N/A $133,450 -2.6% -8.0% $145,000

MOUNT LOUISA 3 N/A N/A $175,000 -4.0% 1.8% $171,900

MOUNT LOW 6 N/A N/A $161,000 0.0% 8.1% $149,000

OONOONBA 1 N/A N/A $141,500 -11.0% -31.3% $205,900

SHAW 3 N/A N/A $159,000 3.3% -53.2% $339,724




TOWNSVILLE (LGA) 106 $280,000 -1.8% $285,000 0.2% -10.9% $320,000

BELGIAN GARDENS 1 N/A N/A $325,000 8.7% -9.7% $360,000

DOUGLAS 1 N/A N/A $265,000 -18.5% -19.7% $330,000

NORTH WARD 21 $288,500 26.5% $290,000 -6.5% -19.4% $360,000

PIMLICO 2 N/A N/A $200,000 -21.7% -24.5% $265,000

SOUTH TOWNSVILLE 10 N/A N/A $385,000 -25.8% -8.3% $420,000

TOWNSVILLE CITY 17 N/A N/A $366,500 -4.8% -14.8% $430,000

WEST END 7 N/A N/A $173,500 -15.4% -40.6% $292,000

TOWNSVILLE CITY $300 719 $310 741

4810

BELGIAN GARDENS/CAPE CLEVELAND/CASTLE HILL/NTH WARD/PALLARENDA/RAILWAY ESTATE/ROWES BAY/TOWNSVILLE/WEST END/YARRAWONGA

$330 65 $350 75

4811

CLUDEN/IDALIA/JAMES COOK UNI/MT STUART/OAK VALLEY/OONOONBA/PARTINGTON/ROSENEATH/SERENE VALLEY/STUART/WULGURU

$320 44 $330 30

4812

CURRAJONG/GULLIVER/HERMIT PK/HYDE PK/HYDE PK CASTLETOWN/MUNDINGBURRA/MYSTERTON/PILMICO/RISING SUN/ROSSLEA

$300 56 $320 64

4814AITKENVALE/CRANBROOK/DOUGLAS, GARBUTT/HEATLEY/MT ELLIOT/MT LOUISA/MURRAY/VINCENT

$300 197 $315 195

4815 CONDON/KELSO/PINNACLES/RASMUSSEN $275 126 $290 113

4816

ALLIGATOR CK/DUNK IS/GREENVALE/HIDDEN VALLEY/HOMESTEAD/JULAGO/MACROSSAN/MAJORS CK/MINGELA/MUTARNEE/NELIA/NOME/PALM IS/PALUMA/PENTLAND/PRAIRE/RAVENSWOOD/ROLLINGSTONE/SELLHEIM/TOONPAN/TORRENS CK/WOODSTOCK

$270 17 $320 13

4817ALICE RIVER/BOHLE PLNS/KIRWAN/RANGEWOOD/RUPERTSWOOD/STABLEFORD/\THURINGOWA CENTRAL

$300 111 $320 129



SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

RAILWAY ESTATE 10 N/A N/A $325,000 -5.8% -1.2% $329,000

RANGEWOOD ^ 1 N/A N/A $507,500 6.8% 8.3% $468,500

RASMUSSEN 14 N/A N/A $395,000 37.2% 32.8% $297,500

SOUTH TOWNSVILLE 13 N/A N/A $325,000 -7.1% -9.7% $360,000

THURINGOWA CENTRAL 2 N/A N/A $291,750 -5.9% -15.4% $345,000

VINCENT 4 N/A N/A $250,000 -4.9% -11.3% $282,000

WEST END 8 N/A N/A $352,000 -2.2% -2.2% $360,000

WULGURU 12 N/A N/A $285,250 -4.9% -9.4% $315,000

SURROUNDS

BURDEKIN (LGA) 35 $152,000 -25.9% $180,000 -5.3% -25.0% $240,000

AYR 17 N/A N/A $205,000 -8.9% -23.3% $267,250

CHARTERS TOWERS (LGA) 14 N/A N/A $175,000 -0.3% -16.7% $210,000

CHARTERS TOWERS CITY 2 N/A N/A $150,000 0.0% -21.9% $192,000

HINCHINBROOK (LGA) 12 N/A N/A $220,000 0.0% -12.0% $250,000

INGHAM 7 N/A N/A $207,500 -5.7% -13.5% $240,000

47


JUNE QUARTER 2016

RENTAL MARKET - 2 BED UNITSTOWNSVILLE CITY $250 721 $250 711

4810


$260 346 $275 333

4811

CLUDEN/IDALIA/JAMES COOK UNI/MT STUART/OAK VALLEY/OONOONBA/PARTINGTON/ROSENEATH/SERENE VALLEY/STUART/WULGURU

$320 48 $300 30

4812


$210 154 $230 161

4814AITKENVALE/CRANBROOK/DOUGLAS, GARBUTT/HEATLEY/MT ELLIOT/MT LOUISA/MURRAY/VINCENT

$250 87 $270 98

4815CONDON/KELSO/PINNACLES/RASMUSSEN

$200 22 $230 25


$235 37 $250 33

4818

BEACH HOLM/BLACK RIVER/BLUE HILLS/BLUEWATER/BOHLE/BURDELL/BUSHLAND BCH/CARINYA/CORDELIA/DEERAGUN/INNES/JENSEN/LYNAM/MT LOW/PURONO PK/SAUNDERS BCH/SHAW/TOOLAKEA/YABULU

$220 11 $225 12

4819ARCADIA/ARCADIA BAY/HORSESHOE BAY/MAGNETIC IS/NELLY BAY/PICNIS BAY

$320 16 $250 19

BURDEKIN SHIRE $215 37 $210 40

4807 AIRVILLE $220 32 $210 36

CHARTERS TOWERS REGIONAL $180 17 $200 17

4820 RICHMOND HILL $180 17 $200 17

HINCHINBROOK SHIRE $180 16 $170 24

4850 ABERGOWRIE $180 16 $170 24

RENTAL MARKET - 3 BED TOWNHOUSESTOWNSVILLE CITY $300 38 $335 42

4810


$450 7 $350 8

4812


$270 7 $365 7


$320 6 $310 8

4818


$300 5 N.A. 2



4818


$310 89 $300 114

4819ARCADIA/ARCADIA BAY/HORSESHOE BAY/MAGNETIC IS/NELLY BAY/PICNIS BAY

$310 14 $300 8

BURDEKIN SHIRE $250 52 $250 56

4806 ARKENDEITH $260 8 $250 12

4807 AIRVILLE $250 32 $250 38

CHARTERS TOWERS REGIONAL $230 46 $280 34

4820 RICHMOND HILL $230 46 $280 34

HINCHINBROOK SHIRE $230 24 $240 34

4850 ABERGOWRIE $230 24 $240 34



CAIRNSThe Cairns market is one of the most dynamic in Queensland.

With a host of exciting projects under construction and on the horizon, the Cairns market is transforming itself.

The Cairns median price for houses remained steady this quarter, at $390,000 – the same as it was last quarter – however the annual median price ($400,000) is 2.6 per cent above where it was 12 months ago and 10.5 per cent above the five year mark. This is proof that the market has regained its equilibrium since the GFC and has withstood the downturn of the mining resources boom which impacted on so much of the state.

The future of the $8 billion Aquis development remains unclear, although backers seem to be telling the media with vigour and confidence that the project will go ahead. Media reports suggest that the project will proceed without the casino, with construction expected to begin early 2017. Time will tell.

A report this quarter revealed that overseas developer Crystal Lagoons will build its first mega-lagoon in Australia, a 2.2 hectare lake which will be the centrepiece of a $200 million master-planned residential community in partnership with developer Botanica Property Group.

Projects such as the $50 million Cairns Aquarium are also boosting business confidence. Once completed – which should be April 2017 – the 7500 sq m aquarium will be larger than the Sydney Aquarium (7000 sq m) and the Melbourne Aquarium (6500 sq m).

HOUSE MARKET

The Cairns housing market is performing well, even though this quarter’s 400 transactions were almost 180 fewer than the March quarter.

However, the steady, sustainable growth over the past five years has created good conditions and buyers are searching for bargains throughout the area.

Local agents are reporting that sellers are holding off around Yorkey’s Knob, understandably waiting to see what will happen with the Aquis development.

The median days on market have pushed out from 37 this time last year to 52 in the June quarter of this year. Vendor discounting is 5.6 per cent, which is comparable with other strongly performing regional markets.

UNIT MARKET

The Cairns unit market, like the housing market, is performing well. The median unit price this quarter is $239,000, which represents 3.9 per cent growth on last quarter. The annual median unit price is $235,000 and this represents 6.8 per cent growth on a year ago.

The days on market statistics paint a picture of a slower market, with median days on market for the June quarter at 66, up from 53 this time last year. Vendor discounting has remained the same as this time last year.

RENTAL MARKET

The Cairns rental market softened slightly, with the gross yield for units falling just a little, to 6.2 per cent and houses holding steady at 4.8 per cent.

Three-bed houses held steady at $360 a week, while two-bed units fell to $285 a week and three-bed townhouses fell from $350 a week to $330 a week.

52

131

177

82

28

87

151

58

22

66

93

43

<$250k $250K+ $350K+ $500k+


*Preliminary data

1,126

431

56 41

833

464

63 27

573

204

24 22

<$250k $250K+ $350K+ $500k+


*Preliminary data

436

145

23 21 19

289

94

3411 11

150

4621 9 10

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

137

10 7

92

9 9

52

4 6

<$250k $250K+ $350K+


*Preliminary data

190 195

60

2813

147

119

59

15 5

65 5635

186

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

119

6 3

133

4 2

113

70

<$250k $250K+ $350K+


*Preliminary data

61

73

57

14

48

1 1

<$250k $250K+ $350K+


*Preliminary data

17

0

3

19

10

11

0 0

<$250k $250K+ $350K+


*Preliminary data

97

2 3

75

2 2

27

1 5

<$250k $250K+ $350K+


*Preliminary data

33

7

2

43

42

16

2 1

<$250k $250K+ $350K+


*Preliminary data

124

7 11

93

7 3

40

4 3

<$250k $250K+ $350K+


*Preliminary data

119

31

10

122

169

46

1710

<$250k $250K+ $350K+


*Preliminary data

56

474

1,390

800

9683

397

1,157

775

9060

260

800

481

68

<$250k $250K+ $350K+ $500k+ $1M+

BRISBANE UNIT SALES


*Preliminary data

296

430

360

103

11

296

401

258

98

11

243 231

150

86

11

<$250k $250K+ $350K+ $500k+ $1M+


*Preliminary data

331

863 883

689

156

277

842888

666

172210

567 603

476

99

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

26

63

28

8

32

75

25

10

22

40

15

7

<$250k $250K+ $350K+ $500k+


*Preliminary data

123

286 285

239

48

110

285

327

241

56

95

215232

172

27

<$250k $250K+ $350K+ $500k+ $1M+



*Preliminary data

41

28

62

3935

11

3

26

19

7

2

<$250k $250K+ $350K+ $500k+


*Preliminary data

22 22

6

2

29

21

3 2

18

8 86

<$250k $250K+ $350K+ $500k+


*Preliminary data

14

6

43

8 8

5

7

9

7

1 1

<$250k $250K+ $350K+ $500k+


*Preliminary data

1618

10

14

22

17

11

5

18

67

5

<$250k $250K+ $350K+ $500k+


*Preliminary data

22

8

14

5

15

6 6

1

16

35

0

<$250k $250K+ $350K+ $500k+


*Preliminary data

54

44

37

17

5046

22

9

40

32

19

10

<$250k $250K+ $350K+ $500k+


*Preliminary data

249

90

5538

9

230

7057

38

6

178

69

4122

3

<$250k $250K+ $350K+ $500k+ $1M+


*Preliminary data

123

784

2,804

547

101

758

2,435

420

100

582

1,981

393

<$350K $350K+ $500k+ $1M+




1,410

1,946

927

44

1,408

1,965

1,009

34

1,082

1,391

671

29

<$350K $350K+ $500k+ $1M+




30

590

988

179

43

619

993

200

19

413

788

174

<$350K $350K+ $500k+ $1M+




278

246

86

277

218

74

240

159

58

<$350K $350K+ $500k+



94

541

629

9189

511

698

7951

362

495

68

<$350K $350K+ $500k+ $1M+




292

102

18

283

92

23

220

71

9

<$350K $350K+ $500k+



196

64

15

187

59

5

150

34

10

<$350K $350K+ $500k+



57

44

17

4440

9

43

24

5

<$350K $350K+ $500k+



203

80

33

215

75

33

153

51

17

<$350K $350K+ $500k+



130

83

28

116

82

20

110

53

17

<$350K $350K+ $500k+



268

229

80

283

169

58

205

133

46

<$350K $350K+ $500k+



160

313

153

189

305

131136

195

92

<$350K $350K+ $500k+



49


JUNE QUARTER 2016

CAIRNS (LGA) 276 $239,000 3.9% $235,000 6.8% -5.1% $247,500

BUNGALOW 12 N/A N/A $220,000 51.7% 22.9% $179,000

CAIRNS CITY 27 $375,000 2.0% $375,000 11.4% -10.3% $418,000

CAIRNS NORTH 41 $228,000 -11.6% $240,000 4.4% -11.3% $270,500

EARLVILLE 9 N/A N/A $217,000 17.3% -16.5% $260,000

EDGE HILL 7 N/A N/A $185,000 -7.5% -12.9% $212,500

EDMONTON 8 N/A N/A $154,750 -13.6% -15.2% $182,500

FRESHWATER 5 N/A N/A $315,000 26.0% 24.8% $252,500

MANOORA 24 $153,000 0.3% $167,500 8.1% 1.5% $165,000

MANUNDA 13 N/A N/A $140,000 -6.7% -21.3% $178,000

MOOROOBOOL 5 N/A N/A $199,500 -1.2% 2.3% $195,000

PALM COVE 19 N/A N/A $325,000 26.2% -4.4% $340,000

PARRAMATTA PARK 5 N/A N/A $250,000 3.8% 4.2% $240,000

TRINITY BEACH 24 $270,000 3.9% $275,000 5.8% -1.8% $280,000

WESTCOURT 9 N/A N/A $221,000 -6.0% 48.8% $148,500

WOREE 10 N/A N/A $135,000 5.1% -6.9% $145,000

YORKEYS KNOB 7 N/A N/A $212,000 -2.1% -9.2% $233,500

CAIRNS (LGA) 408 $390,000 0.0% $400,000 2.6% 10.5% $362,000

CAIRNS (LGA) ^ 28 $617,500 -10.5% $650,000 13.7% 8.3% $600,000

BAYVIEW HEIGHTS 18 N/A N/A $380,000 -1.6% 6.6% $356,500

BENTLEY PARK 22 $350,000 -2.8% $360,000 2.6% 10.8% $325,000

BRINSMEAD 22 $430,000 -14.0% $460,000 5.8% 15.6% $398,000

BUNGALOW 5 N/A N/A $370,000 12.7% 29.8% $285,000

CARAVONICA 6 N/A N/A $375,000 0.0% 1.9% $368,000

CLIFTON BEACH 9 N/A N/A $515,000 -2.4% 17.7% $437,500

EARLVILLE 7 N/A N/A $375,000 6.8% 24.6% $301,000

EDGE HILL 11 N/A N/A $485,000 0.0% 9.6% $442,500

EDMONTON 32 $345,000 0.2% $345,000 1.5% 9.5% $315,000

FRESHWATER 5 N/A N/A $505,000 -1.9% 2.1% $494,500

GOLDSBOROUGH ^ 3 N/A N/A $515,000 12.0% 22.6% $420,000

GORDONVALE 9 N/A N/A $310,000 3.3% 10.1% $281,500

GORDONVALE ^ 3 N/A N/A $647,500 18.3% 12.6% $575,000

HOLLOWAYS BEACH 8 N/A N/A $402,000 6.5% 14.9% $350,000

KANIMBLA 7 N/A N/A $500,000 -4.8% 7.2% $466,250

KEWARRA BEACH 15 N/A N/A $430,000 0.8% 10.3% $390,000

MANOORA 7 N/A N/A $308,000 10.0% 12.4% $274,000

MANUNDA 4 N/A N/A $315,000 -5.7% 8.8% $289,500

MOOROOBOOL 20 $355,000 -4.7% $375,000 -1.3% 10.6% $339,000

MOUNT SHERIDAN 35 $325,000 -7.8% $365,000 1.1% 10.1% $331,500

PALM COVE 7 N/A N/A $600,000 -0.4% 26.3% $475,000

PARRAMATTA PARK 4 N/A N/A $443,500 14.5% 9.5% $405,000

REDLYNCH 23 $492,000 3.4% $472,500 5.0% 19.6% $395,000

SMITHFIELD 34 $410,000 -1.2% $415,000 0.0% 15.3% $360,000

TRINITY BEACH 21 $512,500 5.7% $495,000 3.1% 33.4% $371,000

TRINITY PARK 13 N/A N/A $422,500 -2.9% 11.2% $380,000

WESTCOURT 7 N/A N/A $350,000 0.0% 17.6% $297,500

WHITE ROCK 15 N/A N/A $327,500 4.0% 17.1% $279,650

WHITFIELD 6 N/A N/A $498,000 -2.9% 10.7% $450,000

WOREE 9 N/A N/A $350,000 1.5% 14.5% $305,750

SURROUNDS

CASSOWARY COAST (LGA) 54 $230,000 3.4% $237,500 -3.1% -5.9% $252,500

CASSOWARY COAST (LGA) ^ 20 $307,000 -12.3% $330,000 -2.9% -10.2% $367,500

DOUGLAS (LGA) 27 $400,000 -9.1% $440,000 5.4% 9.9% $400,500

PORT DOUGLAS 10 N/A N/A $512,500 -3.3% 4.6% $490,000

MAREEBA (LGA) 19 N/A N/A $275,000 0.0% -0.5% $276,500

MAREEBA (LGA) ^ 21 $390,000 -5.9% $460,000 6.4% 13.9% $404,000

KURANDA ^ 10 N/A N/A $472,500 8.5% 11.8% $422,500

MAREEBA 14 N/A N/A $270,000 -3.6% -2.4% $276,500

TABLELANDS (LGA) 54 $275,000 -10.7% $300,000 0.0% 1.3% $296,250

TABLELANDS (LGA) ^ 30 $330,000 -22.6% $395,000 -1.3% 4.3% $378,750

ATHERTON 31 $293,000 -8.4% $306,000 0.3% -1.3% $310,000

TOLG A ^ 4 N/A N/A $420,000 1.2% -6.7% $450,000



SURROUNDS

DOUGLAS (LGA) 42 $215,000 -6.2% $216,500 -10.0% 3.1% $210,000

PORT DOUGLAS 36 $210,000 -8.4% $218,500 -3.5% 4.0% $210,000

ATHERTON 7 N/A N/A $215,500 5.1% 1.4% $212,500

CAIRNS (LGA) 54 $221,000 8.3% $208,900 0.9% 19.4% $175,000

EDMONTON 7 N/A N/A $162,000 13.3% 14.1% $142,000

GORDONVALE 6 N/A N/A $142,000 5.2% 13.6% $125,000

KANIMBLA 1 N/A N/A $249,000 1.6% 13.2% $220,000

KEWARRA BEACH 2 N/A N/A $257,250 -1.4% -25.4% $345,000

REDLYNCH 6 N/A N/A $241,500 10.8% 38.0% $175,000

SMITHFIELD 9 N/A N/A $214,750 6.6% 22.7% $175,000

TRINITY PARK 4 N/A N/A $215,000 -4.4% 15.3% $186,500

SURROUNDS

CASSOWARY COAST (LGA) 7 N/A N/A $95,000 18.8% -28.6% $133,000

MISSION BEACH 1 N/A N/A $101,000 -5.6% -31.5% $147,500

DOUGLAS (LGA) 13 N/A N/A $151,000 1.7% 14.0% $132,500

MAREEBA (LGA) 5 N/A N/A $100,750 11.9% 8.3% $93,000

MAREEBA 3 N/A N/A $100,750 7.5% 6.1% $95,000

CAIRNS REGIONAL $360 425 $355 426

4865 GORDONVALE $340 16 $330 23

4868MT SHERIDAN/BAYVIEW HTS/TARRAWARRA/WHITE ROCK/WOREE

$340 80 $350 84

4869CENTENARY HTS/CENTENARY PK/EDMONTON/TAMARIND GARDENS

$335 51 $340 62

4870 CAIRNS & sUBURBS OF CAIRNS $365 147 $365 152

4878

CARAVONICA/HOLLOWAYS BCH/LAKE PLACID/MACHANS BCH/MCGREGOR/SMITHFIELD/SMITHFIELD HTS/YORKEYS KNOB

$390 55 $380 37

4879BUCHAN PT/CLIFTON BCH/ELLIS BCH/KEWARRA BCH/PALM COVE/TRINITY BCH/TRINITY PK

$400 73 $395 64

DOUGLAS SHIRE $330 42 $340 37

4873MOSSMAN/COOYA BEACH/COW BAY/MIALLO/NEWELL/WONGA

$310 31 $300 24

4877PORT DOUGLAS/CRAIGLIE/MOWBRAY/OAK BEACH

$425 11 $420 13

CASSOWARY COAST REGIONAL $290 99 $280 105

4849 CARDWELL $290 7 N.A. 4

4852 BINGIL BAY $320 26 $350 20

4854 BILYANA $260 14 $275 16

4860 BAMBOO CREEK $280 36 $270 48

TABLELANDS REGIONAL $290 95 $290 75

4872DIMBULAH/KAIRI/MT GARNETT/TINAROO/WALKAMIN

$310 8 $280 7

4882 TOLGA $290 11 $310 9

4883 ATHERTON/UPPER BARON $300 44 $295 36

4885 MALANDA/TARZALI/JAGGAN $280 9 $270 9

4887 HERBERTON/WONDECLA $300 6 N.A. 3

4888 RAVENSHOE/EVELYN/MILLSTREAM $260 11 $250 8

MAREEBA SHIRE $330 47 $310 52

4880 MAREEBA/BIBOOHRA $330 39 $310 45

4881 KURANDA/KOAH/SPEEWAH $350 8 $325 7




SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)



CAIRNS REGIONAL $285 756 $285 803

4868MT SHERIDAN/BAYVIEW HTS/TARRAWARRA/WHITE ROCK/WOREE

$250 62 $250 73

4869CENTENARY HTS/CENTENARY PK/EDMONTON/TAMARIND GARDENS

$250 14 $250 16

4870 CAIRNS & SUBURBS OF CAIRNS $280 501 $280 504

4878

CARAVONICA/HOLLOWAYS BCH/LAKE PLACID/MACHANS BCH/MCGREGOR/SMITHFIELD/SMITHFIELD HTS/YORKEYS KNOB

$285 60 $285 79

4879BUCHAN PT/CLIFTON BCH/ELLIS BCH/KEWARRA BCH/PALM COVE/TRINITY BCH/TRINITY PK

$300 109 $315 120


4873MOSSMAN/COOYA BEACH/COW BAY/MIALLO/NEWELL/WONGA

$220 30 $220 14


$300 80 $295 74

CASSOWARY COAST REGIONAL $200 111 $210 99

4849 CARDWELL $210 10 N.A. 4

4852 BINGIL BAY $250 28 $245 27

4854 BILYANA $145 40 $120 21

4860 BAMBOO CREEK $200 31 $200 46

TABLELANDS REGIONAL $220 37 $230 40

4883 ATHERTON/UPPER BARON $220 31 $230 33

MAREEBA SHIRE $260 36 $250 32

4880 MAREEBA/BIBOOHRA $250 31 $250 28



RENTAL MARKET - 3 BED TOWNHOUSESCAIRNS REGIONAL $330 22 $350 15

4870 CAIRNS & sUBURBS OF CAIRNS $300 18 $395 5



$395 14 $390 19

51


JUNE QUARTER 2016

OTHER REGIONAL


SOUTH-WEST

MARANOA (LGA) 8 N/A N/A $240,000 -12.7% -14.3% $280,000

ROMA 6 N/A N/A $248,500 -18.5% -14.3% $290,000

CHARLEVILLE 1 N/A N/A $126,250 16.1% -16.4% $151,000

NORTH-WEST

MOUNT ISA (LGA) 18 N/A N/A $320,000 -7.9% -7.8% $347,000

COOKTOWN 4 N/A N/A $255,000 -1.0% -22.7% $330,000

TABLELANDS (LGA) 14 N/A N/A $105,000 5.0% -5.4% $111,000

ATHERTON 3 N/A N/A $105,000 6.6% -10.3% $117,000

SOUTH WEST

BALONNE SHIRE $250 16 $250 22

4487 ST GEORGE $250 16 $260 17

MARANOA REGIONAL $250 59 $305 64

4455 ROMA $250 51 $320 57

MURWEH SHIRE $200 26 $240 28

4470 CHARLEVILLE $200 24 $240 28

CENTRAL WEST

LONGREACH REGIONAL $250 25 $240 16

4730 BRIXTON $250 25 $250 15

NORTH WEST

CLONCURRY SHIRE $250 13 $300 15

4824 CLONCURRY $250 13 $300 15

MOUNT ISA CITY $350 108 $410 109

4825 ALEXANDRIA $350 108 $410 109

FAR NORTH

COOK SHIRE $260 32 $290 31

4871 ALMADEN $250 17 $260 20

4895 BLOOMFIELD $300 15 $300 11

RENTAL MARKET - 3 BED HOUSES

SOUTH WEST

BALONNE SHIRE $140 6 N.A. 2

MARANOA REGIONAL $170 25 $250 33

4455 ROMA $170 24 $250 32

CENTRAL WEST

NORTH WEST

CLONCURRY SHIRE $250 12 N.A. 1

4824 CLONCURRY $250 12 N.A. 1

MOUNT ISA CITY $230 71 $270 103

4825 ALEXANDRIA $230 71 $270 103

FAR NORTH

COOK SHIRE $200 10 $250 7

4895 BLOOMFIELD $200 5 $270 5




SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)



0

10

20

30

40

50

60

70

80

90

100

BRIS

BAN

E SD

Bris

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Ipsw

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Loga

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Bay

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Coa

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Median Days On Market - HOUSES

2015 2016*

*12mths to the end of MaySource: REIQ, data supplied by CoreLogic RP Data

-12.0%

-10.0%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

Median Vendor Discounting - HOUSES

2015 2016*


HOUSES CHANGE OVER YEAR

LGA / REGION TOTAL LISTINGS STOCK ON MARKET MEDIAN DAYS ON MARKET**

MEDIAN VENDOR DISCOUNT**

TOTAL LISTINGS

STOCK ON MARKET

DAYS ON MARKET

VENDOR DISCOUNT

12MTHS ENDING MAY 2016* 2015 2016* 2015 2016* 2015 2016* 2015 % PTS % PTS

QUEENSLAND 108,706 111,072 7.9% 8.0% 44 46 -5.0% -5.1% -2.1% -0.2% -2 0.1%

BRISBANE SD 45,477 45,606 7.2% 7.2% 34 38 -4.1% -4.5% -0.3% -0.0% -4 0.4%

BRISBANE 20,118 20,028 6.6% 6.6% 28 31 -4.1% -4.4% 0.4% 0.0% -3 0.3%

IPSWICH 4,464 4,835 7.2% 7.8% 47 52 -4.6% -5.4% -7.7% -0.6% -5 0.8%

LOGAN 6,839 6,724 7.7% 7.6% 36 46 -4.0% -4.6% 1.7% 0.1% -10 0.6%

MORETON BAY 9,897 10,030 7.6% 7.7% 39 42 -3.9% -4.2% -1.3% -0.1% -3 0.2%

REDLAND 4,159 3,989 8.3% 8.0% 42 45 -4.1% -4.4% 4.3% 0.3% -3 0.3%

GOLD COAST 10,317 10,409 8.2% 8.3% 35 42 -4.2% -4.6% -0.9% -0.1% -7 0.4%

SUNSHINE COAST SD 8,872 9,800 8.6% 9.5% 54 58 -4.4% -4.7% -9.5% -0.9% -4 0.2%

SUNSHINE COAST 7,065 7,610 8.5% 9.1% 49 55 -4.2% -4.6% -7.2% -0.7% -6 0.4%

NOOSA 1,807 2,190 9.3% 11.3% 76 73 -5.4% -5.2% -17.5% -2.0% 3 -0.2%

FRASER COAST 3,710 3,928 9.9% 10.5% 87 78 -6.7% -6.2% -5.5% -0.6% 9 -0.5%

CAIRNS 3,604 3,495 8.0% 7.7% 52 37 -5.6% -4.8% 3.1% 0.2% 15 -0.8%

BUNDABERG 2,943 3,045 8.8% 9.1% 67 72 -6.8% -6.7% -3.3% -0.3% -6 -0.1%

GLADSTONE 1,513 1,668 6.9% 7.6% 79 70 -9.6% -8.1% -9.3% -0.7% 9 -1.5%

MACKAY 2,580 2,813 6.7% 7.4% 82 76 -11.0% -9.8% -8.3% -0.6% 6 -1.2%

ROCKHAMPTON 2,276 2,240 8.2% 8.1% 69 75 -8.1% -7.7% 1.6% 0.1% -6 -0.4%

TOOWOOMBA 4,275 4,216 8.6% 8.5% 49 33 -5.0% -3.7% 1.4% 0.1% 16 -1.3%

TOWNSVILLE 4,146 4,545 6.8% 7.5% 70 66 -8.2% -7.6% -8.8% -0.7% 4 -0.6%

* Figures are preliminary ** Days on Market and Vendor Discount calculation methodology changed from a average calculation to a median calculation

Source: REIQ. Data supplied by CoreLogic RP Data Market Trends



0

20

40

60

80

100

120

140

BRIS

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Bris

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Ipsw

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Loga

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Bay

Redl

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Median Days On Market - UNITS

2015 2016*

*12mths to the end of MaySource: REIQ, data supplied by CoreLogic RP Data

-18.0%

-16.0%

-14.0%

-12.0%

-10.0%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

Median Vendor Discounting - UNITS

2015 2016*

UNITS & TOWNHOUSES CHANGE OVER YEAR

LGA / REGION TOTAL LISTINGS STOCK ON MARKET MEDIAN DAYS ON MARKET**

MEDIAN VENDOR DISCOUNT**

TOTAL LISTINGS

STOCK ON MARKET

DAYS ON MARKET

VENDOR DISCOUNT

12MTHS ENDING MAY 2016* 2015 2016* 2015 2016* 2015 2016* 2015 % PTS % PTS

QUEENSLAND 40,492 38,361 9.0% 8.6% 53 54 -4.4% -4.8% 5.6% 0.5% -1 0.4%

BRISBANE SD 15,494 14,333 8.0% 7.4% 47 43 -3.9% -4.0% 8.1% 0.6% 4 0.1%

BRISBANE 10,614 9,530 7.3% 6.6% 41 36 -3.8% -3.8% 11.4% 0.7% 5 0.0%

IPSWICH 535 465 10.4% 9.1% 79 79 -5.1% -6.3% 15.1% 1.4% 0 1.2%

LOGAN 1,523 1,533 10.7% 10.7% 55 64 -4.1% -4.5% -0.7% -0.1% -9 0.4%

MORETON BAY 2,087 2,095 9.3% 9.4% 71 68 -4.3% -4.3% -0.4% -0.0% 3 0.0%

REDLAND 735 710 10.3% 9.9% 59 54 -4.4% -4.1% 3.5% 0.4% 5 -0.3%

GOLD COAST 11,948 11,445 9.8% 9.4% 52 60 -4.4% -5.2% 4.4% 0.4% -8 0.7%

SUNSHINE COAST SD 4,903 4,911 10.0% 10.0% 69 73 -4.7% -4.9% -0.2% -0.0% -5 0.3%

SUNSHINE COAST 3,839 3,818 10.0% 9.9% 65 70 -4.5% -4.8% 0.6% 0.1% -5 0.2%

NOOSA 1,064 1,093 10.2% 10.4% 85 86 -5.0% -5.7% -2.7% -0.3% -1 0.6%

FRASER COAST 597 657 12.9% 14.2% 91 80 -6.4% -5.0% -9.1% -1.3% 11 -1.4%

CAIRNS 2,141 1,907 9.9% 8.8% 66 53 -5.5% -5.5% 12.3% 1.1% 13 -0.0%

BUNDABERG 428 419 11.6% 11.4% 97 123 -6.4% -6.9% 2.1% 0.2% -26 0.5%

GLADSTONE 250 251 6.5% 6.5% 117 68 -8.9% -9.4% -0.4% -0.0% 49 0.5%

MACKAY 475 498 7.5% 7.9% 116 108 -15.4% -9.8% -4.6% -0.4% 8 -5.6%

ROCKHAMPTON 186 193 7.9% 8.2% 80 85 -5.3% -5.8% -3.6% -0.3% -5 0.5%

TOOWOOMBA 670 583 8.8% 7.7% 64 48 -4.4% -3.2% 14.9% 1.1% 16 -1.1%

TOWNSVILLE 1,206 1,210 9.7% 9.8% 78 102 -8.0% -8.3% -0.3% -0.0% -25 0.3%

* Figures are preliminary ** Days on Market and Vendor Discount calculation methodology changed from a average calculation to a median calculation

Source: REIQ. Data supplied by CoreLogic RP Data Market Trends


RENTAL MARKET INDICATORS

RENTAL MARKET INDICATORSRESIDENTIAL VACANCY RATES

COUNCIL / REGION JUN-16 MAR-16"CHANGE (% PTS)"

TREND STATUS

BRISBANE SD 2.5% 2.6% -0.1 STEADY TIGHT

BRISBANE 2.8% 3.0% -0.2 STEADY HEALTHY

BRISBANE INNER (0-5KM) 3.4% 3.3% 0.1 STEADY HEALTHY

BRISBANE BAL (5-20KM) 2.3% 2.5% -0.3 STEADY TIGHT

BRISBANE SURROUNDS 2.0% 2.0% 0.1 STEADY TIGHT

IPSWICH 1.1% 1.8% -0.7 DOWN TIGHT

LOGAN 2.8% 2.1% 0.7 UP HEALTHY

MORETON BAY 1.7% 2.2% -0.6 DOWN TIGHT

CABOOLTURE 1.9% 1.6% 0.3 STEADY TIGHT

PINE RIVERS 1.8% 3.3% -1.4 DOWN TIGHT

REDCLIFFE 1.4% 2.4% -1.0 DOWN TIGHT

REDLAND 2.3% 1.7% 0.6 UP TIGHT

MAINLAND 2.2% 1.7% 0.5 UP TIGHT

BAY ISLANDS 3.8% 2.1% 1.7 UP WEAK

GOLD COAST 1.4% 1.5% -0.1 STEADY TIGHT

SUNSHINE COAST SD 1.4% 1.5% -0.1 STEADY TIGHT

SUNSHINE COAST 1.2% 1.5% -0.2 STEADY TIGHT

CALOUNDRA COAST 1.0% 1.2% -0.2 STEADY TIGHT

MAROOCHY COAST 1.0% 1.8% -0.8 DOWN TIGHT

HINTERLAND* 1.6% 0.9% 0.8 UP TIGHT

NOOSA 2.4% 1.4% 1.0 UP TIGHT

FRASER COAST 4.1% 3.2% 0.9 UP WEAK

HERVEY BAY 4.4% 3.1% 1.2 UP WEAK

MARYBOROUGH 3.0% 3.2% -0.2 STEADY HEALTHY

CAIRNS 1.9% 2.1% -0.2 STEADY TIGHT

BUNDABERG 6.3% 5.2% 1.2 UP WEAK

GLADSTONE 10.2% 11.3% -1.1 DOWN WEAK

MACKAY 7.7% 8.1% -0.5 DOWN WEAK

ROCKHAMPTON 6.5% 6.9% -0.4 DOWN WEAK

TOOWOOMBA 2.3% 3.0% -0.7 DOWN TIGHT

TOWNSVILLE 5.7% 6.0% -0.3 STEADY WEAK

SOUTH BURNETT 6.1% 3.6% 2.5 UP WEAK

SOUTHERN DOWNS 3.1% 3.1% 0.0 STEADY HEALTHY

WESTERN DOWNS 6.0% 8.4% -2.4 DOWN WEAK

WHITSUNDAY 6.0% 10.0% -4.0 DOWN WEAK

GROSS YIELDS HOUSES UNITS

LOCAL GOVERNMENT AREA JUN-16 MAR-16 JUN-16 MAR-16

GREATER BRISBANE

BRISBANE 3.4% 3.6% 4.7% 4.9%

IPSWICH 4.9% 5.0% 5.8% 5.7%

LOGAN 4.8% 4.8% 5.9% 5.7%

MORETON BAY 4.4% 4.4% 4.4% 4.8%

REDLAND 4.2% 4.1% 4.6% 4.9%

TOURISM CENTRES

GOLD COAST 4.1% 4.3% 5.3% 5.5%

SUNSHINE COAST 4.3% 4.4% 4.8% 4.8%

NOOSA 3.8% 4.3% 4.3% 4.5%

FRASER COAST 5.2% 5.1% 5.1% 5.1%

CAIRNS 4.8% 4.8% 6.2% 6.7%

REGIONAL/RESOURCE AREAS

BUNDABERG 5.6% 5.3% 4.2% 4.9%

GLADSTONE 3.5% 3.8% 3.3% 3.3%

MACKAY 4.6% 4.5% 4.4% 4.7%

ROCKHAMPTON 5.6% 5.7% 4.3% 4.3%

TOOWOOMBA 4.5% 4.4% 4.2% 4.1%

TOWNSVILLE 4.6% 4.9% 4.6% 5.2%

OTHER REGIONAL AREAS

BURDEKIN 8.6% 7.5% 5.2% N/A

CASSOWARY COAST 6.6% 7.1% 10.9% 10.6%

CENTRAL HIGHLANDS 6.0% 7.2% 4.9% 4.6%

CHARTERS TOWERS N/A 8.5% 4.6% N/A

DOUGLAS 4.3% 4.2% 7.0% 6.6%

GOONDIWINDI N/A 5.8% 4.0% N/A

GYMPIE 5.2% 5.3% 5.1% 3.8%

HINCHINBROOK N/A 5.7% 1.0% 4.9%

ISAAC 10.2% 13.5% 16.6% 8.9%

LIVINGSTONE 4.2% 4.0% 5.5% 5.7%

LOCKYER VALLEY 6.6% 6.0% 6.4% 5.2%

MAREEBA N/A 4.5% 11.3% 4.6%

MOUNT ISA N/A 6.8% N/A N/A

NORTH BURNETT N/A 9.2% N/A 6.8%

SCENIC RIM 4.8% 5.2% 5.3% 5.9%

SOMERSET 6.2% 6.5% N/A 4.2%

SOUTH BURNETT 6.9% 6.0% 5.5% 7.0%

SOUTHERN DOWNS 5.5% 5.8% 3.7% 5.1%

TABLELANDS 5.5% 5.0% 4.5% 6.8%

WESTERN DOWNS 5.5% 5.0% 3.0% 15.6%

WHITSUNDAY 4.3% 5.3% 5.9% 4.7%

Queensland Market Monitor is published byThe Real Estate Institute of Queensland (REIQ).

ABN 49 009 661 287

Sales data obtained from Core Logic RP Data (www.corelogic.com.au) and median weekly rental data from the Residential Tenancies Authority (www.rta.qld.gov.au). Enquiries about the reproduction of part or all of the information should be directed to the Corporate Affairs Division, REIQ.

© The State of Queensland (Department of Environment and Resource Management) 2015. Based on data provided with the permission of the Department of Natural Resources and Mines: [QVAS 2015]. The Department of Environment and Resource Management makes no representations or warranties about accuracy, reliability, completeness or suitability of the data for any particular purpose and disclaims all responsibility and all liability (including without limitation, liability in negligence) for all expenses, losses and damages (including indirect or consequential damage) and costs which might be incurred as a result of the data being inaccurate or incomplete in any way and for any reason.

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 Corporate Affairs Division on phone 07 3249 7347

Vacancy Trend: Steady = +/- 0 to 0.2%pts Up = +0.3% pts or more Down = -0.3% pts or more

Market Status: TIght <2.5% Healthy 2.5-3.5% Weak >3.5%

Source: REIQ Residential Rental Survey

Yields comparison based on preliminary data for Jun-2016 N/A: Any region with less than 20 transactions is not included in yield calculations

*Noosa Hinterland included in Sunshine Coast Hinterland

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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Queensland Market Monitor, June Quarter 2016

Real Estate

Transcript of Queensland Market Monitor, June Quarter 2016