Queensland Market Monitor - September Quarter 2014
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Transcript of Queensland Market Monitor - September Quarter 2014
your state-wide property research guide suburb by suburb
REIQ
QU
EENS
LAN
D M
AR
KET
MO
NIT
OR
ISS
UE 24
SEPT QTR 2014
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QMM STATE-WIDE COMMENTARY
Proudly supported by
CONFIDENCE SPREADS TO REGIONAL QLDWhile residential real estate markets south of the border are reportedly coming to, if not already at their peak, Queensland is some way off that point. Sales activity in Southeast Queensland (SEQ) continues to strengthen, while the state’s key regional centres are beginning to reap the benefits of growing confidence across the state.
Listing numbers have begun to improve, a sign that vendors are becoming increasingly confident about current selling conditions. However, local agents still report a shortage of supply in some areas and price segments.
Average days on market and average vendor discounting have improved markedly in most regions compared to a year ago. These conditions, combined with strong sales activity, have seen SEQ, Toowoomba and Cairns enter a rising house market.
Townsville has now joined the Fraser Coast in recovery mode, with Gladstone and Bundaberg also entering a recovery phase. Local agents are reporting Rockhampton is at the bottom of the cycle, while Mackay appears to be stabilising.
2 QUEENSLAND MARKET MONITOR
REIQ RESEARCH EXPLANATORY NOTESSALES DATA
All figures for the most recent quarterly and yearly periods are preliminary only and subject to further revision as additional sales records become available (see Research Methodology online at reiq.com).
As of the June quarter 2013, all sales data includes "Recent Sales" as advised by real estate agents as well as official records as advised by DNRM. As such comparisons with figures published prior to the June quarter 2013 should be done with caution.
A median sale price is derived by arranging a set of sale prices from lowest to highest and then selecting the middle value within this set (ie the 50th percentile, where half of recorded sales were less and half were higher than the median).
Only suburbs and regions to record sufficient sales numbers are published.
N/ADue to insufficient sales numbers (as at the time of data extraction) no median sale price has been calculated
(LGA) Local Government Area
Brisbane (SD)
Brisbane Statistical Division which comprises the LGA’s of Brisbane City, Ipswich City, Logan City, Moreton Bay Regional and Redland City
# Figures based upon the new council boundaries
^Indicates acreage sales only (with land size greater than 2400m2). All other data is based upon sales with a land size of less than 2400 m2
~Median price changes influenced by varying quality of stock sold
*Median price changes influenced by varying quantities of new properties sold
fMedian price changes influenced by varying quantities of waterfront properties sold
tMedians affected by varying quantities of townhouses sold
GSales volumes and median affected by QLD government sales in the area eg ULDA, NRAS sales.
Y Median affected by high yielding property sales
1
Median price changes influenced by the varying volumes of sales between the Mainland and Bay Islands areas
RENTAL 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.
LListed localities (or suburbs) represent one of potentially several that fall within that postcode.
N.A.Due to insufficient new bond lodgements, no median rental price has been calculated
Source: Residential Tenancies Authority, Rental Bond lodgements (www.rta.qld.gov.au)
PRICE POINT GRAPHS
All data contained within these graphs represent preliminary sales numbers and are subject to revision as additional sales records become available.
The data excludes any recent sales transactions where the contract sale price was not disclosed.
The intention of these graphs is to gauge trends in sales activity between periods in lieu of actual final sales resultsSource: REIQ, data obtained from RPData (www.rpdata.com.au). Enquiries about the reproduction of part or all of the information should be directed to the Corporate Affairs Division, REIQ.
GROSS RENTAL YIELDS
House yields are based upon REIQ median house prices and RTA weighted median weekly rent for houses.
Unit yields are based upon REIQ median unit & townhouse prices and RTA weighted median weekly rent for units and townhouses.
VACANCY RATES
All figures are based upon all residential rentals as at the end of each quarterly period, as submitted by REIQ accredited agents.
A vacancy rate of 3 per cent is generally considered to indicate equilibrium of supply and demand within a rental market.
N/ADue to insufficient information received no vacancy rate has been calculated
Source: REIQ Residential Rental Survey
ON THE MARKET INDICATORS
At the time of publication, latest information available was for the 12 months ending the month prior to the current period.
"Days on Market" is calculated as the average number of days it has taken to sell those properties sold by private treaty sale during the 12 month period. The calculation excludes auction listings and listings where an asking price is not advertised. The days on market calculation uses the contract date on the property compared with the first advertised date.
"Vendor Discount" is the average difference between the contract price on a property and the first advertised price. The figure is expressed as a percentage and is an average of all private treaty sales which sold for less than their initial asking price during the last 12 months. Auction listings and listings without an advertised asking price are excluded from the calculation.
"Total Listings" is the total unique number of properties that have been advertised for sale and captured by RP Data over the 12 month period. To be included in the count, the listings have to be matched to an actual address.
"% Stock on Market" is the percentage of dwellings within the suburb or local government area that have been listed for sale over the past year.
Source: CoreLogic RP Data (www.corelogic.com.au)
3
STATE-WIDE SUMMARY
SEPTEMBER QUARTER 2014
HOUSE MARKET
House sales activity across SEQ continued to improve over the September quarter, with preliminary sales numbers up five per cent across Greater Brisbane. The Gold and Sunshine Coasts recorded an increase of seven and three per cent respectively.
Cairns saw sales volumes for both the house and unit markets increase by more than 30 per cent, with the city also recording the greatest improvement in average vendor discounting outside of SEQ. Toowoomba shared equal honours for the greatest drop in days on market compared to a year ago.
These six regions have now recorded consecutive quarterly increases in sales volumes and with strong increases in their respective median house prices over the year to September. They are clearly beginning to enter the rising segment of the property cycle.
The Fraser Coast on the other hand saw sales activity remain relatively stable over the quarter, a trend seen over the corresponding period last year. All other market indicators, however, point to a recovery in the local house market. The region posted the second greatest improvement in days on market, with houses selling 12 days quicker than they did this time last year.
Townsville’s house market has bounced back after a very lacklustre June quarter, with sales volumes over the September quarter up 27 per cent – taking preliminary house sale numbers to their highest level so far this decade.
Mackay and Gladstone both recorded strong sales activity for the quarter, however both regions are still seeing a softening in median house prices. Local agents in Gladstone report that the residential sales market is normalising following an exceptionally high volume of activity in the past few years.
UNIT MARKET
Unit and townhouse markets across SEQ and many other parts of the state continue to improve. While overall preliminary sales numbers were up across all price points, the strongest increase in sales was recorded in the sub-$250,000 (up 20 per cent) and million-dollar plus price point (up 21 per cent).
Greater Brisbane’s unit market outperformed house sales, with volumes up 11 per cent over the quarter on the back of strong results in the Logan and Ipswich regions.
The Cairns unit market performed very strongly over the September quarter, with unit sales in the sub-$250,000 recording the highest increase in buyer activity. This contributed to the region’s drop in median sale price for that period.
Toowoomba also continues to record strong sales activity, with volumes up 21 per cent on the June quarter and the median sale price posting a healthy 2.5 per cent increase over the same period.
3 QUEENSLAND MARKET MONITOR
Queensland market update 1
REIQ Explanatory notes 2
Brisbane market updates
Brisbane City 6
Greater Brisbane 11
Regional market updates
Gold Coast 16
Toowoomba 19
Sunshine Coast 21
Fraser Coast 23
Bundaberg 25
Gladstone 27
Rockhampton 28
Mackay 30
Townsville 32
Cairns 34
Other Regional 36
On The Market Indicators 37
Total Listings
% Stock on Market
Average Vendor Discount
Average Days on Market
Rental Market Indicators 38
Gross rental yields
Residential vacancy rates
TABLE OF CONTENTS
REIQ
STATE-WIDE SUMMARY CONTINUED
... key regional centres are beginning to reap the benefits of growing confidence across the state.
4 QUEENSLAND MARKET MONITOR
STATE-WIDE SUMMARY
With activity typically lagging the house market by at least one quarter in most regions, the unit markets across most major centres are beginning to enjoy improving overall market conditions.
Properties are selling quicker and average vendor discounting is coming down in SEQ, along with the likes of Cairns and the Fraser Coast. Toowoomba, Rockhampton and Townsville have likewise seen improvements in their on the market statistics over the year to September.
FALLING
STABILISING RECOVERING
RISING
BRISBANE HOUSE MARKETS September Qtr 2014
Source: REIQ
Brisbane Redland Logan
Moreton Bay Ipswich
FALLING
STABILISING RECOVERING
RISING
QUEENSLAND HOUSE MARKETS September Qtr 2014
Mackay Gladstone Bundaberg Rockhampton Source: REIQ
Brisbane SD Toowoomba Gold Coast Sunsine Coast
Cairns
Fraser Coast Townsville
HOUSES (<2400) UNITS & TOWNHOUSES VACANT LAND (<2400)
LGA MEDIAN SALE PRICE
QTRLY CHANGE
SALES ACTIVITY CHANGE
MEDIAN SALE PRICE
QTRLY CHANGE
SALES ACTIVITY CHANGE
MEDIAN SALE PRICE
QTRLY CHANGE
SALES ACTIVITY CHANGE
GREATER BRISBANE
BRISBANE SD $465,500 -1.0% 5% $384,900 -1.3% 11% $215,000 -0.3% -8%
BRISBANE $580,000 0.9% 3% $420,000 0.6% 7% $335,000 -0.2% 3%
IPSWICH $300,000 0.0% 4% $242,000 -16.5% ~ t 24% $168,177 -3.9% -26%
LOGAN $341,000 -0.9% 14% $241,000 4.8% 41% $188,000 -3.6% ~ -35%
MORETON BAY $382,250 -1.4% 8% $319,450 -0.2% 10% $210,825 -1.9% -17%
REDLAND $468,000 -0.2% 3% $356,750 6.5% 3% $51,000 -27.1% ~ b 57%
TOURISM CENTRES
GOLD COAST $495,000 -3.9% ~ 7% $340,000 -2.9% 5% $234,000 -0.4% 3%
SUNSHINE COAST $473,500 1.2% 3% $342,500 -1.8% 3% $242,000 3.0% -26%
NOOSA $522,500 -5.7% ~ 13% $395,000 9.4% ~ 5% $247,750 -8.2% 13%
FRASER COAST $286,500 0.5% 0% $240,000 -5.9% -9% $150,000 15.4% ~ 14%
CAIRNS $379,000 -0.5% 38% $210,000 -5.4% 34% $203,500 19.7% ~ 42%
REGIONAL CENTRES
BUNDABERG $268,995 -5.3% 19% $235,000 -12.1% ~ 62% $144,000 0.0% 24%
GLADSTONE $374,000 -4.1% 11% $370,000 12.1% ~ t -19% $214,000 25.9% ~ -6%
MACKAY $391,000 -1.0% 14% $301,030 -1.3% 188% $206,000 6.7% ~ -33%
ROCKHAMPTON $305,000 -3.6% 6% $415,000 -0.6% 47% $183,900 7.9% ~ 109%
TOOWOOMBA $339,500 1.0% 4% $279,000 2.5% 21% $156,500 -2.7% ~ 139%
TOWNSVILLE $340,000 -5.6% ~ 27% $251,750 -6.8% ~ -18% $161,900 3.8% 27%
ON THE MARKET" HOUSES (ALL) UNITS (ALL)
LGASTOCK
ON MARKET
DAYS ON MARKET
VENDOR DISCOUNT
STOCK ON
MARKET
DAYS ON MARKET
VENDOR DISCOUNT
GREATER BRISBANE
BRISBANE 6.4% 57 -5.5% 6.4% 66 -4.8%
IPSWICH 7.0% 82 -6.5% 10.3% 117 -7.4%LOGAN 7.2% 76 -5.8% 10.8% 101 -6.3%MORETON BAY 7.3% 73 -5.4% 9.3% 100 -5.5%REDLAND 8.4% 70 -5.7% 9.5% 90 -5.3%TOURISM CENTRESGOLD COAST 7.7% 72 -6.0% 9.1% 93 -6.7%SUNSHINE COAST 9.0% 90 -5.9% 9.6% 106 -6.4%FRASER COAST 9.5% 109 -7.6% 8.0% 97 -7.6%CAIRNS 6.7% 71 -5.8% 11.1% 118 -6.6%REGIONAL QLDBUNDABERG 8.3% 89 -7.5% 11.1% 138 -8.0%GLADSTONE 7.9% 114 -9.8% 7.2% 130 -11.3%MACKAY 7.2% 95 -9.0% 7.9% 129 -12.9%ROCKHAMPTON 7.8% 94 -8.0% 7.7% 112 -6.6%TOOWOOMBA 8.7% 62 -4.5% 8.9% 76 -4.3%TOWNSVILLE 7.1% 89 -7.4% 10.3% 126 -9.4%
" Figures are for the 12 months ending August 2014
5
STATE-WIDE SUMMARY
SEPTEMBER QUARTER 2014
RENTAL MARKET
The REIQ’s latest Residential Rental Survey, conducted at the end of September, found vacancy levels remain relatively steady across most parts of the state. Only four of the 16 major regions recorded a significant change in vacancy levels.
Outside Queensland’s resource centres, rental conditions remain tight across all other major regional centres. The Sunshine Coast again posted the State’s tightest vacancy rate of one per cent at the end of September.
Latest figures from the RTA also point to some movements in median weekly rents. This is in line with trends showing varying demand and supply levels across the state. Median rents in Gladstone and Mackay continue to ease, while continued tight conditions seen in many other parts of the state are yet to convert into any significant increases in median weekly rents.
The total number of new bonds lodged across Queensland was up over the September quarter. Local agents in many areas say this is a popular time of year for people to relocate, most notably for work or school reasons prior to the Christmas-New Year period.
FOR FULL ON THE MARKET AND RENTAL MARKET STATISTICS BY LOCAL GOVERNMENT AREA, SEE PAGE 37-38
* change greater than 0.5 pts
^ Trend for rents over year, trend for yields are over the quarter* change greater than $20 (rents) or 0.5 pts (yields)
VACANCY RATES
LGA/REGION' 30-SEP-14 TRENDGREATER BRISBANEBRISBANE SD' 2.0% DOWNBRISBANE CITY 2.3% STEADYIPSWICH CITY 1.6% DOWNLOGAN CITY 1.5% DOWNMORETON BAY 1.8% STEADYREDLAND CITY 1.8% UPTOURISM CENTRESGOLD COAST CITY 1.9% STEADYSUNSHINE COAST' 1.1% STEADYFRASER COAST 2.1% DOWNCAIRNS 1.8% STEADYREGIONAL QLDBUNDABERG 2.9% DOWNGLADSTONE 4.7% DOWNMACKAY 8.4% UPROCKHAMPTON 4.1% DOWNTOOWOOMBA 1.6% STEADYTOWNSVILLE 4.8% DOWN
RENTAL TRENDS^ MEDIAN WEEKLY RENT GROSS RENTAL YIELDS
LGA 3-BED HOUSE 2-BED FLAT 3-BED TOWNHOUSE HOUSES UNITS
GREATER BRISBANEBRISBANE CITY $415 UP $400 UP $405 STEADY 3.7% DOWN 5.0% STEADYIPSWICH CITY $300 UP $250 STEADY $310 UP 5.2% STEADY 5.4% UP*LOGAN CITY $340 UP $260 STEADY $335 UP 5.2% STEADY 5.6% STEADYMORETON BAY $340 UP $270 STEADY $335 STEADY 4.6% STEADY 4.4% DOWNREDLAND CITY $380 STEADY $330 STEADY $390 UP 4.2% STEADY 4.8% STEADYTOURISM CENTRESGOLD COAST CITY $430 UP* $360 UP $385 UP 4.5% STEADY 5.5% STEADYSUNSHINE COAST** $400 UP* $320 UP $370 DOWN 4.4% STEADY 4.9% UP*NOOSA $420 UP* $360 UP* $490 UP* 4.2% 4.7%FRASER COAST $280 STEADY $235 UP $325 UP* 4.8% STEADY 6.9% UP*CAIRNS $350 UP $280 UP $350 DOWN 5.1% DOWN 5.1% DOWNREGIONAL QLDBUNDABERG $285 STEADY $230 STEADY $320 UP* 5.5% UP 5.1% DOWNGLADSTONE $320 DOWN* $250 DOWN* $350 DOWN* 4.4% STEADY 3.5% DOWN*MACKAY $345 DOWN* $250 DOWN* $350 DOWN* 4.6% DOWN 4.3% UP*ROCKHAMPTON $300 DOWN* $230 DOWN* $300 DOWN* 5.1% STEADY 2.9% DOWN*TOOWOOMBA $300 UP $240 UP $295 UP* 4.6% DOWN 4.5% DOWN*TOWNSVILLE $320 DOWN* $265 DOWN $330 DOWN* 4.9% STEADY 5.5% DOWN*
6 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
RENTAL MARKET
At the end of September, Brisbane recorded a vacancy rate of 2.3 per cent, relatively unchanged since the end of June. Brisbane’s middle to outer suburbs (5 to 20km from the CBD) recorded a slight easing in vacancy levels, up 0.3 percentage points to two per cent at the end of September. Inner Brisbane saw vacancies drop to 2.9 per cent.
Despite the result, there continues to be concern about the number of new units coming onto the inner city market and its impact on the rental market.
Analysis of figures from the RTA show the number of bonds held for unit tenancies increased by nearly 7000 bonds across the inner Brisbane zones since the end of September 2010, when the first of the developments were completed. This suggests that at this stage the additional supply is being absorbed.
Over the longer term, agents are expecting to see softening rents and increased use of rental incentives, rather than a continued over supply in the market.
HOUSES
166
770
1840
235 161
784
1900
274
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE CITY HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
1154 1157
472
18
1272 1256
480
21
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS HOUSE SALES (p)
JUN 14 SEP 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
65
480 548
84 66
575 516
101
<$350,000 $350,000+ $500,000+ $1m+
GOLD COAST HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
79
440
346
37 76
443 373
43
<$350,000 $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
139
41 9
182
39 7
<$350,000 $350,000+ $500,000+
BUNDABERG HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
146 193
64
208
265
95
<$350,000 $350,000+ $500,000+
CAIRNS & DOUGLAS HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
185
41 14
194
46 6
<$350,000 $350,000+ $500,000+
FRASER COAST HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
43
55
18
48 59
14
<$350,000 $350,000+ $500,000+
GLADSTONE HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
167 174
47
255
183
49
<$350,000 $350,000+ $500,000+
TOWNSVILLE HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
56
84
31
64
94
30
<$350,000 $350,000+ $500,000+
MACKAY HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
153
68
20
163
69
26
<$350,000 $350,000+ $500,000+
ROCKHAMPTON & LIVINGSTONE HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
294
184
60
296
208
56
<$350,000 $350,000+ $500,000+
TOOWOOMBA HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. UNITS
57
363
860
454
45 62
384
875
508
54
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE CITY UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
197
260
111
46 5
260 282
132
51 5
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS UNIT SALES (p)
JUN 14 SEP 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
273
520 451
290
36
296
560 457
276
59
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
GOLD COAST UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
105
197 177
105
27
108
203 194
112
21
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
9 8
2 2
19
10
4
0
<$250,000 $250,000+ $350,000+ $500,000+
BUNDABERG UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
137
63
17 14
222
81
33 19
<$250,000 $250,000+ $350,000+ $500,000+
CAIRNS & DOUGLAS UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
21
15
4 3
21
12
6
0
<$250,000 $250,000+ $350,000+ $500,000+
FRASER COAST UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
6 6 6
3 3 4
6
3
<$250,000 $250,000+ $350,000+ $500,000+
GLADSTONE UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
60
47
21 13
55
40
14 11
<$250,000 $250,000+ $350,000+ $500,000+
TOWNSVILLE UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
10 7 5 3
18
33
10 10
<$250,000 $250,000+ $350,000+ $500,000+
MACKAY UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
9
13 11
6
13 13
18
7
<$250,000 $250,000+ $350,000+ $500,000+
ROCKHAMPTON & LIVINGSTONE UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
43 36
18 7
38
62
14 5
<$250,000 $250,000+ $350,000+ $500,000+
TOOWOOMBA UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. LAND
43 40 40 31 29
57 49
24
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE CITY LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
379
71 36
3
341
59 22 9
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE SURROUNDS LAND SALES (p)
JUN 14 SEP 14Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
88
33
8 16
102
28 10 10
<$250,000 $250,000+ $350,000+ $500,000+
GOLD COAST LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
71
35
21 10
46
21 15
8
<$250,000 $250,000+ $350,000+ $500,000+
SUNSHINE COAST & NOOSA LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
40
1 0
49
2 0
<$250,000 $250,000+ $350,000+
BUNDABERG LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
56
9 1
81
16 4
<$250,000 $250,000+ $350,000+
CAIRNS & DOUGLAS LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
57
0 0
62
3 0
<$250,000 $250,000+ $350,000+
FRASER COAST LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
16
0 1
14
1 1
<$250,000 $250,000+ $350,000+
GLADSTONE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
41
6 1
28
1 3
<$250,000 $250,000+ $350,000+
MACKAY LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
52
5 0
77
5 0
<$250,000 $250,000+ $350,000+
ROCKHAMPTON & LIVINGSTONE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
24
2 2
60
3 4
<$250,000 $250,000+ $350,000+
TOOWOOMBA LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
84
5 2
106
6 4
<$250,000 $250,000+ $350,000+
TOWNSVILLE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
BRISBANE CITYOver the September quarter the Brisbane City local government area (LGA) once again recorded an increase in sales activity. It also saw strong growth in its annual median sale prices for both houses and units compared to a year ago. The capital city is firmly moving into a rising market, with strong volumes recorded across all price points.
The strong price growth seen in the Sydney and Melbourne residential property markets puts Brisbane in a healthy position to reap the benefits of increased interstate investment. Investors and home buyers alike are looking north of the border for more affordable housing options in a capital city that has some capital growth still to come.
HOUSE MARKET
Brisbane’s house market continues to lead the rest of the state out of the recovery stage, with sales volumes continuing to grow along with strengthening buyer demand. This is evident in the continued improvement in average days on market and average vendor discounting, both of which have edged down since the end of June.
Brisbane remains the fastest selling major region with an average of 57 days over the year to August, while the rate of average vendor discounting over the period also remains the lowest for the state at 5.5 per cent.
According to local agents listings are still hard to come by in some areas, particularly in the sub-$500,000 bracket. This was evident in the price point results for the quarter which saw the sub-$350,000 and sub-$500,000 segments record only small increases in preliminary sales volumes, while healthy increases were seen in the upper two price points.
A further indicator that the Brisbane house market is getting into full swing is that the increase in sales activity is not concentrated in any one pocket or zone from the CBD. Strong growth in sales volumes over the quarter was recorded in the likes of Mount Gravatt East, Woolloongabba, Carseldine and Salisbury.
UNIT MARKET
Brisbane’s unit market also continues to perform strongly, with sales volumes up seven per cent over the September quarter. The median sale price was relatively steady over the quarter, however the annual median was up a healthy five per cent compared to a year ago and up 9.1 per cent compared to five years ago.
According to local agents, there is strong activity in the new unit and townhouse market across the city, with a number of new developments still coming onto the market. These include high rise units in inner Brisbane, to townhouse complexes scattered across the middle-to-outer suburbs.
Similar to the house market, activity at the affordable end of the market wasn’t as strong as sales in the upper price points.
7 SEPTEMBER QUARTER 2014
BRISBANE MARKET UPDATES
SALES MARKET - HOUSES
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
SALES MARKET - HOUSES (CONT’D)
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
BRISBANE CITY (LGA) 3,283 $580,000 0.9% $570,500 8.7% 18.9%
BRISBANE CITY (LGA) ^ 84 $922,500 6.0% $892,500 5.0% 5.0%
ACACIA RIDGE 20 $355,750 6.2% $330,000 8.2% 1.1%
ALBION 4 N/A N/A $670,000 N/A N/A
ALDERLEY 17 $720,000 4.6% $655,000 5.2% 13.2%
ALGESTER 28 $470,000 3.8% $445,000 7.2% 14.1%
ANNERLEY ~ 22 $645,000 -6.9% $650,000 20.4% 24.4%
ASCOT ~ 12 $927,500 -21.7% $1,300,000 38.2% 39.0%
ASHGROVE 41 $755,000 0.4% $782,500 3.6% 24.5%
ASPLEY 36 $554,000 3.9% $520,000 8.3% 14.9%
AUCHENFLOWER 13 $878,000 N/A $892,550 11.6% 16.7%
BALD HILLS 22 $380,000 -0.3% $380,000 7.6% 1.5%
BALMORAL ~ 21 $1,042,500 12.1% $876,250 5.6% 24.5%
BANYO 23 $439,000 4.9% $430,000 2.4% 12.6%
BARDON ~ 34 $822,000 -9.0% $828,000 10.4% 23.6%
BELLBOWRIE 7 N/A N/A $465,000 8.6% 6.3%
BELMONT 13 $507,000 N/A $567,500 9.1% 6.1%
BOONDALL 27 $425,200 0.0% $422,500 3.6% 3.6%
BRACKEN RIDGE 55 $420,000 1.8% $418,000 2.1% 2.0%
BRIDGEMAN DOWNS ~ 15 $646,000 -7.4% $703,000 7.3% 13.4%
BRIGHTON 38 $442,000 0.5% $440,000 10.0% 15.8%
BULIMBA ~ 21 $1,000,000 -11.9% $1,100,000 19.1% 42.3%
CALAMVALE 42 $552,500 -6.0% $555,000 7.4% 15.6%
CAMP HILL ~ 49 $716,500 6.6% $716,500 10.5% 26.8%
CANNON HILL ~ 23 $740,000 5.7% $667,000 16.5% 37.1%
CARINA 29 $563,500 5.3% $549,000 11.8% 19.1%
CARINA HEIGHTS 20 $570,000 N/A $580,000 10.5% 19.5%
CARINDALE 55 $725,000 1.2% $708,856 8.2% 12.7%
CARSELDINE 29 $557,500 -0.4% $540,000 4.3% 9.6%
CHAPEL HILL 39 $672,500 2.0% $670,000 11.7% 11.7%
CHELMER ~ f 11 $762,500 -37.2% $800,000 -8.8% 3.2%
CHERMSIDE 30 $577,500 1.3% $520,000 13.5% 18.2%
CHERMSIDE WEST 25 $520,000 9.0% $485,000 12.7% 11.5%
CLAYFIELD ~ 17 $770,000 -18.9% $887,500 9.0% 18.3%
COOPERS PLAINS 10 $452,500 -5.3% $465,099 8.5% 17.2%
COORPAROO 37 $730,000 1.4% $698,750 8.7% 18.9%
CORINDA 14 $541,725 N/A $556,000 6.9% -5.8%
DARRA 20 $369,500 4.1% $348,000 12.3% 3.9%
DEAGON ~ 17 $386,500 -8.0% $385,000 0.9% 6.9%
DOOLANDELLA 8 N/A N/A $400,000 -2.9% 14.6%
DREWVALE 8 N/A N/A $475,500 1.4% 6.1%
DURACK 14 $370,100 6.8% $368,000 15.0% 8.2%
EAST BRISBANE 19 $730,000 0.3% $725,000 6.1% 16.9%
EIGHT MILE PLAINS 40 $650,000 2.4% $650,000 11.1% 22.1%
ENOGGERA 15 $573,750 0.7% $580,000 11.1% 17.4%
EVERTON PARK 31 $512,500 -2.2% $513,000 8.0% 19.3%
FAIRFIELD ~ 10 $662,500 -5.4% $650,000 18.2% 11.6%
FERNY GROVE ~ 12 $499,000 -13.2% $525,000 4.0% 9.4%
FIG TREE POCKET ~ 12 $722,500 -11.9% $870,000 15.2% 23.4%
FITZGIBBON 15 $435,180 4.5% $415,750 8.0% 1.4%
FOREST LAKE 90 $400,000 -4.5% $398,000 4.7% 7.0%
GAYTHORNE 4 N/A N/A $575,000 3.9% 19.7%
GEEBUNG ~ 18 $472,500 -0.7% $475,500 19.2% 16.0%
GORDON PARK ~ 15 $759,250 2.9% $746,500 23.1% 36.6%
GRACEVILLE ~ 20 $570,000 -12.4% $680,500 -8.7% 8.8%
GRANGE ~ 13 $743,000 -13.6% $758,000 13.1% 14.1%
GREENSLOPES ~ 26 $577,000 -9.8% $613,250 5.0% 22.0%
HAMILTON ~ 12 $900,000 3.2% $985,000 -10.5% -15.5%
HAWTHORNE ~ 19 $1,050,000 -7.4% $990,000 13.8% 41.4%
HEATHWOOD 15 $511,400 N/A $529,500 -8.1% 6.4%
HEMMANT 7 N/A N/A $413,500 7.4% 4.0%
HENDRA ~ 33 $755,000 -13.2% $812,000 10.5% 19.4%
HIGHGATE HILL 8 N/A N/A $850,000 10.4% 17.9%
HOLLAND PARK 29 $602,500 0.8% $590,000 11.2% 20.4%
HOLLAND PARK WEST 18 $611,444 1.0% $575,000 4.9% 13.9%
INALA 43 $310,000 6.9% $292,250 5.9% 0.8%
INDOOROOPILLY ~ 33 $789,500 16.1% $740,000 7.6% 22.5%
JAMBOREE HEIGHTS 6 N/A N/A $440,000 6.0% 6.3%
JINDALEE 22 $485,000 0.4% $484,250 4.9% 7.6%
KANGAROO POINT ~ 9 N/A N/A $758,625 18.1% 16.7%
KARANA DOWNS 12 $362,500 N/A $376,000 -3.3% -5.1%
KARANA DOWNS ^ 8 N/A N/A $460,000 2.2% 1.1%
KEDRON ~ 35 $629,000 -1.7% $625,000 15.5% 30.2%
KELVIN GROVE ~ 14 $642,000 -10.0% $685,000 7.0% 14.2%
KENMORE 30 $607,500 7.5% $573,500 5.3% 14.8%
KENMORE HILLS 2 N/A N/A $650,000 N/A -10.0%
KEPERRA 20 $458,000 4.3% $441,000 6.3% 6.5%
KURABY 12 $585,000 5.7% $576,500 8.3% 18.4%
LOTA 12 $530,000 1.0% $518,000 0.6% 13.5%
LUTWYCHE 10 $720,000 N/A $720,000 7.9% 24.1%
MACGREGOR ~ 19 $670,000 8.9% $617,000 10.6% 27.2%
MACKENZIE 3 N/A N/A $667,500 7.7% N/A
MANLY ~ 14 $663,000 N/A $678,500 18.0% 19.0%
MANLY WEST 37 $492,500 1.8% $489,000 2.7% 4.0%
MANSFIELD ~ 31 $534,500 -8.6% $545,000 13.0% 20.5%
MCDOWALL 18 $585,500 -0.7% $580,750 4.6% 14.8%
MIDDLE PARK 13 $512,750 -5.0% $525,000 6.7% 8.7%
MITCHELTON 35 $577,500 6.7% $545,000 6.9% 17.7%
MOGGILL 12 $490,000 -4.9% $508,500 4.0% 9.4%
MOOROOKA 37 $549,999 0.0% $532,500 5.4% 18.3%
MORNINGSIDE 32 $671,000 8.4% $639,000 9.2% 21.1%
MOUNT CROSBY ^ 6 N/A N/A $545,000 6.6% 4.8%
MOUNT GRAVATT 13 $553,750 -0.1% $557,500 10.6% 18.9%
MOUNT GRAVATT EAST 47 $560,500 3.8% $555,000 15.6% 26.0%
MOUNT OMMANEY 5 N/A N/A $780,000 N/A N/A
MURARRIE ~ * 18 $555,000 N/A $546,250 17.0% 21.4%
NEW FARM ~ 22 $1,250,000 -3.8% $1,250,000 16.3% 43.3%
NEWMARKET ~ 21 $740,000 -17.7% $731,250 4.5% 17.9%
NORMAN PARK ~ 21 $689,500 -10.6% $790,000 16.3% 23.4%
NORTHGATE 25 $590,000 -4.8% $572,500 4.1% 17.1%
NUDGEE 11 $556,350 -2.4% $556,500 5.0% 23.3%
NUNDAH 20 $697,850 -1.4% $650,000 5.7% 24.4%
OXLEY 25 $462,500 -2.6% $468,690 4.2% 11.6%
PADDINGTON ~ 32 $882,500 -0.8% $930,000 19.0% 37.7%
PARKINSON 30 $600,000 9.6% $567,500 9.1% 19.5%
PULLENVALE ^ 6 N/A N/A $923,750 -5.7% -3.0%
RED HILL 24 $780,000 6.8% $745,000 12.5% 14.6%
RIVERHILLS 14 $432,500 0.1% $433,500 4.7% 6.8%
ROBERTSON 6 N/A N/A $741,940 7.5% 21.6%
ROCKLEA ~ 5 N/A N/A $357,000 17.0% -2.2%
RUNCORN ~ 28 $458,000 -11.6% $468,800 6.7% 15.2%
SALISBURY 32 $479,000 -4.2% $487,500 11.8% 17.5%
SANDGATE ~ 22 $535,000 13.6% $572,500 12.3% 23.7%
SEVEN HILLS ~ 15 $665,000 -7.3% $631,000 1.6% 17.8%
SEVENTEEN MILE ROCKS ~ 12 $540,000 10.8% $655,000 37.3% 44.0%
SHERWOOD ~ 22 $685,000 -11.0% $709,000 2.5% 4.3%
SINNAMON PARK 14 $577,625 N/A $585,250 3.6% 2.2%
SPRING HILL ~ 8 N/A N/A $922,500 19.0% N/A
ST LUCIA ~ 10 $1,180,000 30.0% $1,000,000 3.0% 16.3%
STAFFORD 14 $575,500 5.6% $530,000 15.2% 20.2%
STAFFORD HEIGHTS 27 $528,000 7.2% $510,000 12.1% 17.2%
STRETTON 21 $710,500 5.3% $719,500 9.6% 12.4%
SUNNYBANK 50 $627,750 4.5% $600,000 12.0% 20.0%
SUNNYBANK HILLS ~ 58 $591,500 -4.9% $580,000 16.1% 31.2%
TAIGUM 11 $480,000 N/A $455,000 6.8% 8.3%
TARINGA 10 $824,000 N/A $820,000 9.8% 15.2%
TARRAGINDI 42 $614,000 3.5% $600,000 7.1% 17.6%
THE GAP 58 $607,500 9.5% $570,000 0.8% 13.9%
TINGALPA 21 $460,000 -1.7% $460,000 5.5% 9.7%
TOOWONG ~ 22 $850,000 25.9% $737,500 8.5% 18.0%
UPPER KEDRON 15 $540,000 0.0% $540,000 2.9% 2.9%
UPPER MOUNT GRAVATT 36 $512,000 -5.6% $535,000 15.1% 23.8%
VIRGINIA 19 $527,500 7.7% $495,000 15.1% 15.8%
WAKERLEY ~ 38 $603,500 -7.9% $655,000 1.6% 19.1%
WAVELL HEIGHTS 38 $590,000 2.6% $572,500 10.1% 19.3%
WEST END ~ 12 $1,012,000 6.5% $980,000 16.0% 35.7%
WESTLAKE ~ 16 $621,944 11.1% $635,000 9.5% 16.8%
WILSTON ~ 13 $747,500 -13.0% $825,000 0.6% 13.0%
8 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
SALES MARKET - UNITS & TOWNHOUSES
SALES MARKET - UNITS & TOWNHOUSES (CONT’D)
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
SALES MARKET - HOUSES (CONT’D)
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
WINDSOR 18 $690,000 N/A $685,000 -1.1% 14.2%
WISHART 22 $573,000 1.3% $562,000 3.6% 15.9%
WOOLLOONGABBA ~ 23 $649,000 N/A $665,000 20.6% 19.8%
WOOLOOWIN ~ 14 $670,000 -1.7% $776,000 11.7% 28.3%
WYNNUM 55 $572,500 8.5% $527,500 1.0% 14.3%
WYNNUM WEST 39 $470,000 -4.1% $470,000 11.2% 6.2%
YERONGA ~ 18 $720,000 10.8% $675,500 6.4% 0.1%
ZILLMERE 34 $388,275 -1.8% $405,000 9.5% 9.8%
BRISBANE CITY (LGA) 1,964 $420,000 0.6% $420,000 5.0% 9.1%
ACACIA RIDGE 21 $348,000 N/A $348,000 N/A N/A
ALBION ~ * 8 N/A N/A $445,000 -24.0% 12.7%
ALDERLEY * t 22 $507,500 N/A $437,500 3.9% 21.7%
ALGESTER 4 N/A N/A $308,500 2.8% -3.3%
ANNERLEY 39 $431,500 -3.0% $430,000 13.5% 19.4%
ASCOT 17 $431,000 -3.4% $430,000 12.9% 13.2%
ASHGROVE 13 $447,500 3.9% $460,000 9.5% 19.0%
ASPLEY 12 $390,500 -2.1% $388,000 8.4% 7.8%
AUCHENFLOWER 20 $468,750 -0.6% $472,000 2.8% 10.0%
BALMORAL ~ 9 N/A N/A $462,750 -12.3% 10.8%
BARDON 5 N/A N/A $541,500 N/A 11.6%
BOONDALL 18 $394,000 0.0% $394,000 N/A N/A
BOWEN HILLS * 23 $465,000 10.2% $451,250 15.0% 7.4%
BRISBANE CITY ~ * 112 $472,000 -10.1% $500,000 7.6% 16.3%
BULIMBA 13 $587,500 4.9% $566,000 -0.5% 9.4%
CALAMVALE 35 $358,800 3.1% $364,950 -0.8% 1.8%
CARINA 19 $410,250 3.9% $429,500 4.8% 3.5%
CARINA HEIGHTS 16 $459,000 2.0% $458,000 6.5% 4.1%
CARINDALE 5 N/A N/A $420,000 -2.3% -19.5%
CARSELDINE 5 N/A N/A $392,000 1.8% 8.9%
CHERMSIDE 18 $399,500 2.3% $400,000 3.2% -2.3%
CLAYFIELD 53 $382,500 -6.9% $390,000 10.3% 9.6%
COOPERS PLAINS 4 N/A N/A $384,000 -7.2% N/A
COORPAROO 60 $377,500 -5.9% $387,000 3.8% 9.6%
CORINDA 5 N/A N/A $374,000 2.5% -13.2%
DOOLANDELLA - N/A N/A $348,500 N/A N/A
DURACK 4 N/A N/A $349,000 -0.6% N/A
DUTTON PARK 4 N/A N/A $500,000 -4.8% N/A
EAST BRISBANE 15 $445,000 6.0% $407,500 -4.1% 7.2%
EIGHT MILE PLAINS 26 $386,000 4.6% $385,000 1.3% 5.2%
ELLEN GROVE 4 N/A N/A $346,000 0.0% 3.3%
ENOGGERA 7 N/A N/A $400,000 -3.6% 1.3%
EVERTON PARK * t 30 $419,000 -1.4% $412,500 3.7% 20.4%
FAIRFIELD * 5 N/A N/A $355,000 -13.4% -17.9%
FORTITUDE VALLEY ~ * 68 $464,000 -7.2% $445,000 6.0% 11.7%
GAYTHORNE 11 $408,500 N/A $410,000 0.0% 17.0%
GORDON PARK 9 N/A N/A $364,000 1.1% 7.1%
GREENSLOPES 29 $391,000 9.7% $373,750 10.6% 2.5%
HAMILTON ~ * 32 $545,000 11.2% $511,000 -1.7% 16.1%
HAWTHORNE 8 N/A N/A $505,000 10.4% 17.7%
HENDRA 2 N/A N/A $500,000 N/A N/A
HERSTON ~ 4 N/A N/A $437,500 N/A 22.9%
HIGHGATE HILL ~ 11 $390,000 -20.4% $510,000 -1.0% 15.3%
HOLLAND PARK WEST 5 N/A N/A $377,500 N/A 6.0%
INDOOROOPILLY 29 $431,000 2.1% $470,000 9.7% 10.5%
KANGAROO POINT ~ 62 $445,000 -7.9% $490,000 3.2% 16.7%
KEDRON ~ 13 $384,000 13.8% $355,000 7.7% 8.6%
KELVIN GROVE 36 $459,000 -2.3% $473,000 -5.2% 5.3%
KURABY 4 N/A N/A $297,000 2.4% -4.3%
LUTWYCHE ~ * 11 $421,000 25.7% $410,000 -7.9% 21.5%
MANLY WEST 10 $340,000 N/A $355,000 -11.2% -9.7%
MCDOWALL 3 N/A N/A $405,000 3.8% -0.5%
MILTON ~ 9 N/A N/A $443,000 -15.6% -9.0%
MOOROOKA 17 $397,500 4.6% $370,000 -1.1% 11.4%
MORNINGSIDE 45 $476,750 -1.9% $471,000 8.1% 9.5%
MOUNT GRAVATT EAST 18 $381,750 0.2% $395,000 -4.6% 11.3%
NEW FARM * 70 $555,500 3.6% $560,000 10.5% 21.7%
NEWMARKET 4 N/A N/A $453,500 13.4% 14.5%
NEWSTEAD ~ f 13 $875,000 3.6% $767,500 17.5% 48.9%
NORMAN PARK 10 $382,000 N/A $507,500 11.5% 8.4%
NORTHGATE 12 $397,500 N/A $375,250 2.3% 1.4%
NUNDAH 47 $365,000 -2.8% $429,000 4.9% 3.4%
PADDINGTON ~ 15 $538,000 11.0% $485,211 -8.4% 11.4%
PARKINSON ~ 2 N/A N/A $306,000 -22.1% -5.8%
RED HILL 5 N/A N/A $407,250 N/A 6.6%
RICHLANDS 8 N/A N/A $337,500 0.1% N/A
ROCHEDALE - N/A N/A $399,000 3.1% N/A
RUNCORN 32 $328,500 1.9% $337,000 0.3% 2.1%
SHERWOOD 7 N/A N/A $445,000 6.0% 4.4%
SOUTH BRISBANE * 34 $460,000 -3.2% $515,000 14.6% 28.8%
SPRING HILL 40 $420,500 -3.3% $387,500 2.0% 0.4%
ST LUCIA 34 $478,000 9.9% $470,000 -0.3% 5.3%
STAFFORD 7 N/A N/A $395,000 -2.8% 9.7%
SUNNYBANK HILLS 14 $366,500 N/A $345,150 7.9% -2.8%
TAIGUM ~ t 23 $361,500 -6.1% $385,000 19.6% 13.8%
TARINGA ~ 37 $430,000 12.3% $417,000 3.0% 5.6%
TENERIFFE 53 $624,000 -2.9% $620,000 12.1% 15.9%
TENNYSON ~ 3 N/A N/A $960,000 20.0% -24.4%
THE GAP 6 N/A N/A $449,500 3.3% 8.0%
TINGALPA 13 $345,000 N/A $329,500 3.0% 2.6%
TOOWONG 56 $450,000 5.1% $457,500 1.7% 18.8%
UPPER MOUNT GRAVATT * t 20 $517,500 N/A $451,000 28.9% 15.6%
WAKERLEY 6 N/A N/A $413,000 -4.6% N/A
WAVELL HEIGHTS 5 N/A N/A $432,000 N/A -1.6%
WEST END ~ * 40 $529,000 -13.3% $514,000 -2.1% -5.9%
WINDSOR 16 $405,000 5.2% $395,000 -11.0% 15.8%
WISHART 13 $390,000 6.6% $376,000 7.4% 7.4%
WOOLLOONGABBA 14 $395,000 -2.5% $399,000 -5.0% -2.8%
WOOLOOWIN 13 $347,000 N/A $362,500 0.8% 8.5%
WYNNUM 5 N/A N/A $370,000 2.1% 2.5%
WYNNUM WEST * t 11 $307,500 -22.0% $359,000 0.0% 15.8%
YEERONGPILLY 8 N/A N/A $410,000 8.2% -1.0%
YERONGA * t 18 $537,500 40.7% $435,500 1.9% 5.3%
ZILLMERE 19 $335,000 0.5% $340,000 -6.8% -2.0%
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9 SEPTEMBER QUARTER 2014
BRISBANE MARKET UPDATES
RENTAL MARKET - 3 BED HOUSESPOST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 3 BED HOUSESPOST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 2 BED UNITS
SALES MARKET - VACANT LAND
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
BRISBANE CITY (LGA) 159 $335,000 -0.2% $320,000 10.3% 17.6%
BRISBANE CITY (LGA) ^ 16 $587,500 N/A $680,000 -35.4% 51.1%
BRIDGEMAN DOWNS ~ 7 N/A N/A $402,500 13.4% 32.0%
BRIGHTON 12 $274,500 N/A $278,000 N/A N/A
CARINDALE ~ 4 N/A N/A $460,000 -11.5% N/A
CARSELDINE 3 N/A N/A $334,000 2.5% 19.3%
FITZGIBBON ~ 16 $170,700 0.2% $194,900 15.4% N/A
HEATHWOOD 7 N/A N/A $265,000 N/A 11.3%
KURABY 3 N/A N/A $328,875 0.4% 2.8%
MCDOWALL 2 N/A N/A $355,000 N/A N/A
MOGGILL 7 N/A N/A $255,000 4.1% 8.5%
OXLEY 4 N/A N/A $285,000 0.0% 16.3%
ROCHEDALE 3 N/A N/A $415,000 8.4% N/A
UPPER KEDRON 3 N/A N/A $324,750 7.9% N/A
BRISBANE CITY $400 4474 $395 4311
BAYSIDE $340 37 $340 43
4178 WYNNUM $330 26 $350 33
4179 MANLY $430 11 $285 10
CITY INNER $495 1925 $490 1718
4000 BRISBANE CITY $590 358 $600 249
4005 NEW FARM $495 300 $500 302
4006 BOWEN HILLS $495 279 $500 250
4064 PADDINGTON $405 64 $385 74
4066 TOOWONG $415 248 $400 189
4067 ST LUCIA $430 110 $430 126
4101 WEST END $500 289 $515 270
4102 WOOLOONGABBA $460 101 $390 71
4169 EAST BRISBANE $465 176 $495 185
NORTH - INNER $360 855 $360 829
4007 ASCOT $395 136 $410 147
4010 ALBION $390 29 $415 30
4011 CLAYFIELD $355 131 $350 125
4012 NUNDAH $375 220 $375 190
4030 LUTWYCHE $340 125 $340 134
4031 GORDON PARK $330 74 $320 72
4051 ALDERLEY $340 140 $350 130
NORTH - OUTER $350 241 $340 254
4013 NORTHGATE $300 27 $285 23
4014 VIRGINIA $275 8 $335 8
4017 BRACKEN RIDGE $300 22 $270 26
4018 FITZGIBBON $330 5 $335 10
4032 CHERMSIDE $375 102 $350 111
4034 ASPLEY $350 77 $350 75
NORTH WEST - INNER $400 156 $399 177
4059 KELVIN GROVE $430 106 $400 126
4060 ASHGROVE $380 40 $425 41
4065 BARDON $300 10 $350 10
NORTH WEST - OUTER $370 95 $370 103
4053 STAFFORD $370 91 $390 99
SOUTH - INNER $365 444 $350 437
4103 ANNERLEY $350 113 $345 99
4104 YERONGA $370 37 $350 47
4105 MOOROOKA $350 69 $350 76
4120 GREENSLOPES $370 104 $360 92
4121 HOLLAND PARK $340 35 $340 40
4122 MANSFIELD $390 84 $385 83
BRISBANE CITY $415 2932 $410 2927
BAYSIDE $410 151 $395 143
4178 WYNNUM $400 82 $400 72
4179 MANLY $420 69 $395 71
CITY INNER $530 231 $540 251
4000 BRISBANE CITY $555 28 $550 12
4005 NEW FARM $700 7 $615 24
4006 BOWEN HILLS $520 11 $540 10
4064 PADDINGTON $540 51 $550 48
4066 TOOWONG $500 49 $520 45
4067 ST LUCIA $180 10 $415 19
4101 WEST END $530 26 $575 39
4102 WOOLOONGABBA $470 20 $490 24
4169 EAST BRISBANE $545 29 $530 30
NORTH - INNER $450 302 $450 313
4007 ASCOT $575 13 $525 17
4010 ALBION $550 6 $500 13
4011 CLAYFIELD $500 36 $525 38
4012 NUNDAH $435 64 $440 71
4030 LUTWYCHE $470 47 $470 46
4031 GORDON PARK $430 46 $440 50
4051 ALDERLEY $450 89 $450 78
NORTH - OUTER $390 419 $385 418
4013 NORTHGATE $380 16 $395 11
4014 VIRGINIA $380 36 $395 40
4017 BRACKEN RIDGE $380 141 $380 132
4018 FITZGIBBON $390 26 $390 36
4032 CHERMSIDE $400 48 $395 60
4034 ASPLEY $390 133 $390 118
4036 BALD HILLS $365 19 $355 21
NORTH WEST - INNER $500 121 $500 108
4059 KELVIN GROVE $500 51 $550 39
4060 ASHGROVE $475 32 $450 32
4065 BARDON $500 38 $500 37
NORTH WEST - OUTER $420 220 $400 237
4053 STAFFORD $415 139 $400 144
4054 ARANA HILLS $400 41 $400 54
4061 THE GAP $460 40 $435 39
SOUTH - INNER $425 320 $415 355
4103 ANNERLEY $450 31 $455 48
4104 YERONGA $440 14 $450 22
4105 MOOROOKA $420 47 $400 51
4120 GREENSLOPES $450 18 $450 30
4121 HOLLAND PARK $430 80 $425 65
4122 MANSFIELD $400 129 $400 137
SOUTH - OUTER $380 371 $380 312
4106 ROCKLEA $360 14 $365 6
4107 SALISBURY $395 29 $390 25
4108 COOPERS PLAINS $380 32 $355 18
4109 MACGREGOR $400 107 $395 99
4110 ACACIA RIDGE $340 54 $340 66
4112 KURABY $390 9 $370 12
4113 EIGHT MILE PLAINS $385 83 $390 50
4115 ALGESTER $370 19 $370 15
4116 CALAMVALE $390 24 $390 21
SOUTH EAST - INNER $450 293 $450 272
4151 COORPAROO $450 26 $480 43
4152 CAMP HILL $450 117 $440 95
4170 CANNON HILL $450 97 $450 85
4171 BALMORAL $550 36 $590 36
4172 MURARRIE $430 17 $400 13
SOUTH EAST - OUTER $410 56 $400 39
4153 BELMONT $400 8 $440 6
4154 GUMDALE $530 7 N.A. 4
4173 TINGALPA $410 30 $400 20
4174 HEMANT $370 8 $390 7
SOUTH WEST - INNER $430 108 $420 109
4068 CHELMER $450 42 $450 48
4075 CORINDA $420 66 $395 61
SOUTH WEST - OUTER $360 340 $355 370
4069 BROOKFIELD $450 40 $440 48
4073 SEVENTEEN MILE ROCKS $400 15 $420 17
4074 JINDALEE $380 54 $385 68
4076 DARRA $340 27 $330 32
4077 DOOLANDELLA $320 73 $310 97
4078 FOREST LAKE $350 127 $350 99
10 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
RENTAL MARKET - 2 BED UNITS (CONT’D)POST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 3 BED TOWNHOUSESPOST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
DID YOU KNOW?
YOU CAN GET MEDIAN WEEKLY RENTS FOR OTHER PROPERTY TYPES ONLINE AT
WWW.RTA.QLD.GOV.AU
BRISBANE CITY $405 1653 $405 1495
BAYSIDE $400 91 $390 110
4178 WYNNUM $400 53 $390 60
4179 MANLY $390 38 $390 50
CITY INNER $600 66 $600 62
4006 BOWEN HILLS $625 13 $625 11
4064 PADDINGTON $600 14 $600 10
4066 TOOWONG $550 11 $560 12
4067 ST LUCIA $575 9 $620 8
4101 WEST END $750 7 $690 6
4169 EAST BRISBANE $550 8 $490 5
NORTH - INNER $470 96 $475 82
4007 ASCOT $550 9 $590 8
4011 CLAYFIELD $500 12 $500 8
4012 NUNDAH $450 18 $460 17
4030 LUTWYCHE $495 8 $450 9
4031 GORDON PARK $450 19 $465 20
4051 ALDERLEY $450 28 $480 20
NORTH - OUTER $380 236 $385 173
4013 NORTHGATE $410 12 $475 14
4017 BRACKEN RIDGE $365 34 $365 31
4018 FITZGIBBON $296 66 $375 40
4032 CHERMSIDE $430 22 $425 32
4034 ASPLEY $395 93 $385 46
4036 BALD HILLS $294 9 $280 10
NORTH WEST - INNER $500 20 $560 22
4059 KELVIN GROVE $500 13 $599 13
NORTH WEST - OUTER $425 51 $410 54
4053 STAFFORD $425 41 $410 43
4054 ARANA HILLS $400 7 $370 7
SOUTH - INNER $440 155 $435 138
4103 ANNERLEY $490 27 $500 27
4104 YERONGA $480 17 $460 14
4105 MOOROOKA $450 23 $400 12
4120 GREENSLOPES $495 15 $475 15
4121 HOLLAND PARK $460 7 $430 14
4122 MANSFIELD $420 66 $415 56
SOUTH - OUTER $390 396 $390 348
4107 SALISBURY $495 7 $410 7
4109 MACGREGOR $405 63 $410 66
4110 ACACIA RIDGE $340 41 $335 7
4112 KURABY $380 18 $365 12
4113 EIGHT MILE PLAINS $400 149 $400 136
4115 ALGESTER $380 31 $380 37
4116 CALAMVALE $385 85 $380 80
SOUTH EAST - INNER $485 209 $480 200
4151 COORPAROO $495 8 $500 14
4152 CAMP HILL $450 96 $450 87
4170 CANNON HILL $500 69 $500 62
4171 BALMORAL $540 30 $600 29
4172 MURARRIE $475 6 $485 8
SOUTH EAST - OUTER $410 55 $415 68
4153 BELMONT $420 7 $430 21
4154 GUMDALE $410 30 $410 33
4173 TINGALPA $385 17 $390 14
SOUTH WEST - INNER $420 76 $420 54
4068 CHELMER $485 25 $500 16
4075 CORINDA $400 51 $400 38
SOUTH WEST - OUTER $360 202 $350 184
4073 SEVENTEEN MILE ROCKS $400 11 $410 8
4074 JINDALEE $435 19 $400 19
4076 DARRA $375 28 N.A. 4
4077 DOOLANDELLA $355 103 $350 117
4078 FOREST LAKE $355 38 $355 30
SOUTH - OUTER $320 58 $320 68
4106 ROCKLEA $250 6 $275 6
4108 COOPERS PLAINS $250 6 $320 7
4109 MACGREGOR $390 24 $350 41
4110 ACACIA RIDGE $310 5 N.A. 4
4113 EIGHT MILE PLAINS $340 5 N.A. 4
4115 ALGESTER $300 6 N.A. 2
SOUTH EAST - INNER $380 387 $370 394
4151 COORPAROO $360 152 $365 160
4152 CAMP HILL $360 30 $350 34
4170 CANNON HILL $395 88 $360 89
4171 BALMORAL $435 114 $410 107
SOUTH WEST - INNER $370 251 $385 264
4068 CHELMER $375 212 $390 220
4075 CORINDA $335 39 $350 44
SOUTH WEST - OUTER $325 23 $330 15
4076 DARRA $250 6 N.A. 1
4078 FOREST LAKE $335 10 $335 6
Brisbane’s house market continues to lead the rest of the state out of the recovery stage
11 SEPTEMBER QUARTER 2014
BRISBANE MARKET UPDATES
GREATER BRISBANE
While Brisbane City’s residential market continues to strengthen, so too do the outer lying areas of Greater Brisbane.
Buyers are looking to the outer areas for affordability reasons but also for lifestyle reasons. Redland City is leading the way with the strongest growth in median sale prices compared to five years ago, while Logan and Moreton Bay are leading the way in terms of sales activity. Ipswich is a tad behind the three other regions, but it too is moving into a rising market with preliminary sales volumes also improving over the quarter.
Many of the outer lying areas are seeing improved infrastructure projects going ahead, such as the Kippa-Ring rail extension in Redcliffe, which will continue to support the increasing population in the region.
And while interstate migration sits at historical lows, many market commentators are tipping this will turn around on the back of increasing house prices in Sydney and Melbourne.
HOUSE MARKET
Over the September quarter, all LGAs within the Brisbane surrounds recorded an increase in preliminary sales numbers. Median house prices remained relatively stable or softened in some areas due to an increase in activity at the affordable end of the market.
Preliminary sales numbers in the sub-$350,000 and sub-$500,000 price points were up 10 and nine per cent respectively, while the upper two price points saw only marginal increases since the end of June.
Average days on market and average vendor discounting for the greater Brisbane area both improved slightly over the three months to September. Redland was the fastest selling region with an average of just 70 days. Market conditions are leaning more in favour of sellers in Moreton Bay, where the average vendor discount is 5.4 per cent, up from 6.8 per cent 12 months ago.
Despite recording the longest days on market and vendor discount for the greater Brisbane area, the Ipswich property market is set to be vastly benefited from improved infrastructure. These include rail upgrades for the South-west rail transport corridor identified by the new Brisbane City Plan.
UNIT MARKET
The unit and townhouse market for the Brisbane surrounds is still somewhat behind the house market, with days on market up around the 100-day mark. Average vendor discounting in some regions is better than that those for house sales.
FALLING
STABILISING RECOVERING
RISING
BRISBANE HOUSE MARKETS September Qtr 2014
Source: REIQ
Brisbane Redland Logan
Moreton Bay Ipswich
FALLING
STABILISING RECOVERING
RISING
QUEENSLAND HOUSE MARKETS September Qtr 2014
Mackay Gladstone Bundaberg Rockhampton Source: REIQ
Brisbane SD Toowoomba Gold Coast Sunsine Coast
Cairns
Fraser Coast Townsville
For example, Redlands units are averaging 5.3 per cent, compared to 5.7 per cent for house sales.
Overall sales volumes are trending upwards and Logan City leading the way, with an increase of 41 per cent over the quarter and a healthy 4.8 per cent increase in median sale price.
Over the year to September, the Ipswich unit market was the star performer with an increase of 14.6 per cent compared to the previous year and up 9.8 per cent compared to five years ago.
RENTAL MARKET
With affordability a key driver of tenant demand, the Greater Brisbane rental market continues to see strong tenant enquiry as more look to the outer suburbs to achieve cheaper rent or more for their money.
As a result, vacancy levels have tightened further with the Brisbane Statistical Division recording a drop of 0.3 percentage points to two per cent at the end of September. It has now returned to the same level recorded at the end of September last year.
The vacancy level for the greater Brisbane area, excluding the Brisbane City LGA, also returned to that recorded 12 months ago, to a 1.7 per cent vacancy rate.
Ipswich and Logan both recorded the largest drop in its vacancy rate, down 1.4 percentage points compared to the end of June, placing both regions into tight market conditions.
Over the September quarter, median weekly rents from the RTA show modest changes across the Greater Brisbane regions, with the exception of two bedroom flats in Redland, which saw an increase of $35 to $310 per week.
12 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
SALES MARKET - HOUSES (CONT’D)
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
SALES MARKET - HOUSES
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
BRISBANE (SD) 6,432 $465,500 -1.0% $470,000 6.8% 13.4%
BRISBANE (SD) ^ 519 $550,000 1.9% $560,000 4.7% 4.7%
IPSWICH CITY (LGA) 568 $300,000 0.0% $306,000 3.2% -2.9%
IPSWICH CITY (LGA) ^ ~ 60 $435,000 -8.7% $455,000 5.8% 2.2%
AUGUSTINE HEIGHTS ~ * 12 $480,000 -11.9% $486,250 -3.7% -10.0%
BELLBIRD PARK ~ 18 $287,620 -10.2% $311,200 -5.1% -5.7%
BOOVAL 16 $258,888 N/A $260,000 0.0% -3.7%
BRASSALL ~ 30 $324,000 13.2% $315,000 1.6% -4.0%
BUNDAMBA ~ * 20 $250,500 -15.4% $275,000 3.4% -3.5%
CAMIRA 24 $335,000 -3.5% $332,320 2.3% -0.8%
COLLINGWOOD PARK 20 $302,500 -3.5% $305,000 2.0% -6.9%
EAST IPSWICH ~ 9 N/A N/A $240,000 -2.4% -13.0%
EASTERN HEIGHTS 15 $275,000 -5.2% $272,500 11.2% -0.9%
FLINDERS VIEW ~ 11 $394,250 11.1% $357,500 10.2% -7.7%
GOODNA 28 $285,000 8.6% $280,000 4.7% -5.1%
IPSWICH ~ 7 N/A N/A $263,000 -6.1% -20.8%
KARALEE ^ 10 $465,000 N/A $510,000 4.1% 10.2%
LEICHHARDT ~ 11 $206,000 -8.0% $215,000 10.3% -12.2%
NEWTOWN 5 N/A N/A $313,500 8.5% -2.9%
NORTH BOOVAL ~ 7 N/A N/A $230,000 -3.0% -15.6%
NORTH IPSWICH ~ 22 $295,000 11.1% $253,100 12.5% -9.9%
ONE MILE 10 $250,000 N/A $230,000 4.5% -6.1%
RACEVIEW 33 $306,500 2.2% $303,000 4.5% -2.3%
REDBANK PLAINS 46 $277,000 -6.1% $295,000 4.2% -4.8%
RIVERVIEW 9 N/A N/A $235,000 N/A -6.9%
ROSEWOOD 10 $271,250 N/A $260,000 4.0% 2.0%
SILKSTONE 15 $250,000 5.9% $265,000 6.0% -3.6%
SPRINGFIELD 22 $388,000 3.1% $378,000 1.1% 1.7%
SPRINGFIELD LAKES 66 $410,000 1.9% $395,000 4.4% 0.8%
TIVOLI 9 N/A N/A $250,000 N/A -5.7%
WOODEND 7 N/A N/A $307,000 7.7% 6.0%
YAMANTO 16 $395,000 4.6% $350,000 4.5% 1.2%
LOGAN CITY (LGA) 818 $341,000 -0.9% $345,000 4.5% 1.4%
LOGAN CITY (LGA) ^ 157 $510,000 5.3% $510,000 6.3% 3.0%
BEENLEIGH 24 $281,500 -1.9% $290,000 1.9% -9.9%
BERRINBA 5 N/A N/A $410,000 N/A 6.8%
BETHANIA 12 $293,500 6.7% $282,250 -1.0% -9.0%
BORONIA HEIGHTS 32 $320,000 -2.3% $315,000 3.3% 1.0%
BROWNS PLAINS ~ 16 $323,051 11.8% $304,500 1.5% -4.1%
CEDAR GROVE ^ 8 N/A N/A $425,000 7.6% 1.2%
CEDAR VALE ^ 7 N/A N/A $430,000 0.8% 3.2%
CORNUBIA ~ 19 $512,000 10.7% $470,000 3.3% 3.9%
CRESTMEAD 54 $297,500 6.3% $290,000 5.4% -4.9%
DAISY HILL ~ 24 $430,500 -8.4% $431,500 11.8% 12.1%
EAGLEBY 35 $245,000 -2.6% $255,000 2.6% -10.8%
EDENS LANDING ~ 21 $320,000 -7.8% $340,000 1.8% -3.5%
FORESTDALE ^ 6 N/A N/A $645,000 -0.4% 10.3%
GREENBANK ^ 27 $539,000 -0.1% $517,500 2.6% 1.1%
HERITAGE PARK 19 $407,000 -5.5% $406,500 8.4% 4.2%
HILLCREST 24 $329,600 8.8% $320,100 0.4% -3.1%
JIMBOOMBA 10 $327,250 N/A $361,000 -4.7% -5.0%
JIMBOOMBA ^ 22 $437,250 -3.9% $460,000 2.2% 3.1%
KINGSTON 38 $267,000 -4.3% $265,000 10.4% -5.7%
LOGAN CENTRAL 18 $268,500 -0.6% $264,000 10.0% -2.9%
LOGAN RESERVE 3 N/A N/A $339,000 N/A N/A
LOGAN VILLAGE ^ 9 N/A N/A $495,000 6.5% 0.5%
LOGANHOLME 30 $358,500 1.6% $358,000 0.0% 3.8%
LOGANLEA 27 $325,000 7.4% $308,500 7.4% 1.1%
MARSDEN 47 $307,350 -6.7% $312,000 6.1% -1.0%
MEADOWBROOK 13 $372,500 N/A $370,000 3.9% -4.1%
MOUNT WARREN PARK 23 $358,000 6.1% $340,000 1.9% -1.4%
MUNRUBEN ^ 5 N/A N/A $515,000 4.0% 6.2%
NEW BEITH ^ 14 $538,500 -4.2% $555,250 6.8% 2.6%
REGENTS PARK 48 $365,000 -1.7% $354,000 1.1% -0.3%
ROCHEDALE SOUTH 50 $430,000 3.6% $425,000 4.9% 9.0%
SHAILER PARK 34 $477,500 -3.0% $478,500 5.7% 6.3%
SLACKS CREEK ~ 29 $316,000 10.9% $295,000 6.8% -1.3%
SPRINGWOOD 24 $435,000 3.6% $438,000 9.5% 9.5%
TANAH MERAH 11 $388,000 2.1% $395,000 9.7% -1.0%
UNDERWOOD 23 $482,000 -2.6% $478,250 6.3% 21.8%
WATERFORD 18 $352,500 N/A $355,000 5.3% -10.7%
WATERFORD WEST 19 $340,500 8.4% $314,000 11.3% -1.7%
WINDAROO 13 $430,000 N/A $417,000 10.5% 7.6%
WOODRIDGE 38 $268,500 1.3% $260,000 10.6% -2.6%
YARRABILBA 9 N/A N/A $396,500 N/A N/A
MORETON BAY (LGA) 1,275 $382,250 -1.4% $390,000 4.0% 4.0%
MORETON BAY (LGA) ^ 189 $557,500 2.3% $560,000 3.7% 1.8%
ALBANY CREEK 42 $505,000 8.7% $500,000 3.7% 5.8%
ARANA HILLS 28 $457,750 -6.6% $455,755 3.3% 6.0%
BANKSIA BEACH 20 $502,500 7.6% $466,000 1.3% -0.5%
BEACHMERE 17 $330,000 9.6% $317,500 12.2% -3.8%
BELLARA 16 $328,000 N/A $328,000 0.9% 0.2%
BELLMERE 29 $335,000 6.3% $325,000 -0.9% -8.8%
BONGAREE ~ 31 $350,000 -18.6% $397,500 9.7% 6.0%
BRAY PARK 36 $370,000 2.1% $365,000 7.4% 0.6%
BUNYA ^ 9 N/A N/A $726,000 N/A N/A
BURPENGARY 34 $360,000 -2.2% $357,000 5.0% -0.1%
BURPENGARY ^ 12 $545,000 0.0% $530,000 1.9% 1.0%
BURPENGARY EAST 1 N/A N/A $397,000 N/A N/A
BURPENGARY EAST ^ 7 N/A N/A $530,000 8.2% 6.0%
CABOOLTURE 62 $278,500 -2.3% $287,000 4.4% -4.2%
CABOOLTURE ^ 14 $465,000 -1.3% $451,000 2.5% -0.2%
CABOOLTURE SOUTH ~ 22 $300,000 16.1% $275,000 9.6% -3.5%
CASHMERE 10 $650,000 N/A $617,125 7.7% 10.2%
CLONTARF 33 $389,000 2.6% $375,000 11.9% 4.3%
DAKABIN 4 N/A N/A $425,000 N/A N/A
DECEPTION BAY 76 $305,000 0.8% $300,000 5.6% -5.4%
EATONS HILL 24 $548,000 5.8% $534,000 4.1% 5.5%
ELIMBAH ^ 9 N/A N/A $480,000 0.0% -3.0%
EVERTON HILLS 14 $468,500 -5.7% $485,000 6.8% 14.4%
FERNY HILLS 31 $460,000 -1.5% $463,500 4.2% 9.1%
GRIFFIN 8 N/A N/A $432,500 6.5% 8.8%
KALLANGUR 68 $352,000 4.6% $341,000 6.6% -1.9%
KIPPA-RING 33 $370,000 -4.8% $375,000 7.1% 3.3%
LAWNTON 24 $352,000 N/A $338,500 2.3% -0.4%
MANGO HILL 20 $457,387 2.3% $435,500 2.1% -3.2%
MARGATE 29 $385,000 -5.2% $375,000 7.4% 6.4%
MORAYFIELD 68 $315,450 1.8% $310,000 6.7% -6.1%
MORAYFIELD ^ 18 $521,250 3.7% $520,000 7.2% -0.5%
MURRUMBA DOWNS 30 $439,500 -5.1% $450,000 5.9% 8.4%
NARANGBA 60 $403,500 1.5% $420,000 0.7% -1.1%
NEWPORT 14 $792,500 N/A $810,000 12.1% 4.2%
NINGI 10 $316,000 N/A $352,000 4.7% 14.3%
NINGI ^ 7 N/A N/A $480,000 1.9% -0.1%
NORTH LAKES 108 $438,000 -2.7% $449,250 3.3% 2.1%
PETRIE 35 $369,500 2.4% $370,000 4.5% -0.1%
REDCLIFFE 44 $383,000 2.3% $377,000 10.9% 7.4%
ROTHWELL 20 $391,000 5.0% $385,000 8.5% 2.7%
SAMFORD VALLEY ^ 11 $861,250 N/A $861,250 8.3% 11.1%
SANDSTONE POINT 9 N/A N/A $370,000 0.3% -5.1%
SCARBOROUGH ~ f 40 $490,000 13.3% $479,500 15.5% 16.7%
STRATHPINE ~ 20 $330,000 -13.2% $355,000 8.9% 2.9%
UPPER CABOOLTURE 6 N/A N/A $315,000 -0.3% -7.4%
UPPER CABOOLTURE ^ 4 N/A N/A $507,500 2.5% N/A
WAMURAN ^ 13 $520,000 N/A $488,750 5.4% -0.3%
WARNER 31 $476,750 0.4% $470,000 2.2% 5.6%
WARNER ^ 2 N/A N/A $690,000 N/A N/A
WOODY POINT 21 $420,000 9.4% $387,500 2.5% 5.3%
WOORIM 6 N/A N/A $400,000 -3.6% -7.0%
REDLAND (LGA) 488 $468,000 -0.2% $465,000 3.3% 5.7%
REDLAND (LGA) ^ ~ 29 $802,000 -3.4% $795,000 6.0% 1.9%
ALEXANDRA HILLS 51 $406,000 -0.9% $410,000 5.1% 3.8%
BIRKDALE 46 $492,250 2.6% $481,250 4.6% 8.1%
CAPALABA 47 $421,000 -4.3% $425,000 4.9% 6.5%
13 SEPTEMBER QUARTER 2014
BRISBANE MARKET UPDATES
SALES MARKET - HOUSES (CONT’D)
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
SALES MARKET - UNITS & TOWNHOUSES
SALES MARKET - UNITS & TOWNHOUSES (CONT’D)
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
HOUSES
166
770
1840
235 161
784
1900
274
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE CITY HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
1154 1157
472
18
1272 1256
480
21
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS HOUSE SALES (p)
JUN 14 SEP 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
65
480 548
84 66
575 516
101
<$350,000 $350,000+ $500,000+ $1m+
GOLD COAST HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
79
440
346
37 76
443 373
43
<$350,000 $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
139
41 9
182
39 7
<$350,000 $350,000+ $500,000+
BUNDABERG HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
146 193
64
208
265
95
<$350,000 $350,000+ $500,000+
CAIRNS & DOUGLAS HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
185
41 14
194
46 6
<$350,000 $350,000+ $500,000+
FRASER COAST HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
43
55
18
48 59
14
<$350,000 $350,000+ $500,000+
GLADSTONE HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
167 174
47
255
183
49
<$350,000 $350,000+ $500,000+
TOWNSVILLE HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
56
84
31
64
94
30
<$350,000 $350,000+ $500,000+
MACKAY HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
153
68
20
163
69
26
<$350,000 $350,000+ $500,000+
ROCKHAMPTON & LIVINGSTONE HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
294
184
60
296
208
56
<$350,000 $350,000+ $500,000+
TOOWOOMBA HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. UNITS
57
363
860
454
45 62
384
875
508
54
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE CITY UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
197
260
111
46 5
260 282
132
51 5
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS UNIT SALES (p)
JUN 14 SEP 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
273
520 451
290
36
296
560 457
276
59
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
GOLD COAST UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
105
197 177
105
27
108
203 194
112
21
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
9 8
2 2
19
10
4
0
<$250,000 $250,000+ $350,000+ $500,000+
BUNDABERG UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
137
63
17 14
222
81
33 19
<$250,000 $250,000+ $350,000+ $500,000+
CAIRNS & DOUGLAS UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
21
15
4 3
21
12
6
0
<$250,000 $250,000+ $350,000+ $500,000+
FRASER COAST UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
6 6 6
3 3 4
6
3
<$250,000 $250,000+ $350,000+ $500,000+
GLADSTONE UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
60
47
21 13
55
40
14 11
<$250,000 $250,000+ $350,000+ $500,000+
TOWNSVILLE UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
10 7 5 3
18
33
10 10
<$250,000 $250,000+ $350,000+ $500,000+
MACKAY UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
9
13 11
6
13 13
18
7
<$250,000 $250,000+ $350,000+ $500,000+
ROCKHAMPTON & LIVINGSTONE UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
43 36
18 7
38
62
14 5
<$250,000 $250,000+ $350,000+ $500,000+
TOOWOOMBA UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
CAPALABA ^ 5 N/A N/A $830,000 2.5% 9.9%
CLEVELAND 51 $504,500 5.7% $513,500 2.5% 3.8%
COOCHIEMUDLO ISLAND 5 N/A N/A $297,500 N/A N/A
MACLEAY ISLAND ~ 16 $205,000 3.0% $205,000 -6.8% -14.6%
MOUNT COTTON ~ 11 $429,000 -7.7% $469,000 2.3% 3.1%
ORMISTON 24 $557,500 2.3% $549,000 -6.2% -2.8%
REDLAND BAY 62 $499,000 -4.2% $499,000 5.6% 3.4%
RUSSELL ISLAND ~ 13 $170,000 15.3% $175,000 -4.2% -23.9%
THORNESIDE 14 $444,000 -5.5% $437,500 8.3% 7.2%
THORNLANDS 37 $500,250 -0.9% $511,585 0.3% -1.7%
VICTORIA POINT 64 $472,500 1.6% $467,725 3.9% 3.9%
WELLINGTON POINT 39 $517,500 1.5% $520,000 2.0% 4.0%
SURROUNDS
LOCKYER VALLEY (LGA) 40 $248,750 1.5% $245,500 2.3% -6.4%
LOCKYER VALLEY (LGA) ^ 81 $330,000 1.1% $340,000 3.7% 3.0%
GATTON 25 $255,750 1.6% $258,500 3.4% -7.3%
KENSINGTON GROVE ^ 9 N/A N/A $361,500 15.9% 1.4%
LAIDLEY ~ 9 N/A N/A $212,500 -3.4% -15.2%
LAIDLEY HEIGHTS ^ 10 $290,000 N/A N/A N/A N/A
PLAINLAND ^ 5 N/A N/A $343,000 5.5% 8.9%
REGENCY DOWNS ^ 7 N/A N/A $305,000 4.5% -4.7%
WITHCOTT ^ 6 N/A N/A $361,250 0.6% 12.9%
SCENIC RIM (LGA) ~ 49 $336,250 -5.3% $350,000 2.9% 2.9%
SCENIC RIM (LGA) ^ ~ 66 $515,000 8.2% $480,000 10.3% 6.7%
BEAUDESERT 10 $324,500 4.7% $318,750 4.5% 7.1%
BOONAH 7 N/A N/A $270,000 1.9% -3.6%
KOORALBYN ^ 4 N/A N/A $315,000 1.0% -3.1%
TAMBORINE ^ ~ 17 $550,000 11.7% $532,500 8.1% 10.9%
TAMBORINE MOUNTAIN 21 $450,000 7.8% $435,000 11.0% -1.1%
TAMBORINE MOUNTAIN ^ 8 N/A N/A $585,000 -9.9% N/A
SOMERSET (LGA) 37 $259,500 -1.1% $254,000 5.8% 3.7%
SOMERSET (LGA) ^ 52 $382,500 -1.9% $379,500 11.6% 10.0%
ESK 5 N/A N/A $238,000 N/A N/A
FERNVALE 6 N/A N/A $337,000 N/A -2.6%
KILCOY ~ 8 N/A N/A $238,000 N/A -11.9%
LOWOOD ~ 9 N/A N/A $258,000 -14.0% 9.8%
LOWOOD ^ 1 N/A N/A $323,750 N/A 6.1%
TOOGOOLAWAH 4 N/A N/A $206,500 N/A 8.4%
BRISBANE (SD) 2,716 $384,900 -1.3% $390,000 4.0% 8.3%
IPSWICH CITY (LGA) ~ t 73 $242,000 -16.5% $288,700 14.6% 9.8%
BRASSALL 7 N/A N/A $248,000 N/A -10.5%
BUNDAMBA 6 N/A N/A $290,000 N/A N/A
GOODNA * t 14 $310,000 0.0% $310,000 N/A 31.9%
REDBANK PLAINS * t 5 N/A N/A $219,000 -14.3% -22.5%
LOGAN CITY (LGA) 263 $241,000 4.8% $248,000 -4.2% -5.3%
BEENLEIGH ~ t 15 $190,000 12.4% $176,700 -1.8% -25.0%
BORONIA HEIGHTS 6 N/A N/A $200,000 N/A N/A
EAGLEBY * t 12 $210,000 N/A $260,000 -13.6% -14.0%
HILLCREST 4 N/A N/A $216,250 N/A N/A
KINGSTON 25 $310,000 N/A $295,000 N/A 0.0%
LOGAN CENTRAL 9 N/A N/A $170,000 5.3% -11.6%
MARSDEN 14 $334,000 N/A $330,000 -0.3% -5.7%
MEADOWBROOK 6 N/A N/A $252,000 N/A -12.7%
MOUNT WARREN PARK 5 N/A N/A $197,500 N/A -10.2%
ROCHEDALE SOUTH 6 N/A N/A $270,500 2.7% -3.4%
SHAILER PARK 14 $259,000 N/A $263,000 -4.4% -10.1%
SLACKS CREEK 16 $205,000 -2.8% $200,000 5.3% -16.3%
SPRINGWOOD 7 N/A N/A $260,500 5.5% -7.0%
UNDERWOOD 13 $377,000 N/A $380,000 -1.2% 4.4%
WATERFORD WEST 9 N/A N/A $195,000 N/A -12.8%
WOODRIDGE 37 $183,000 -1.5% $182,000 4.0% -11.2%
MORETON BAY (LGA) 319 $319,450 -0.2% $330,000 6.5% 3.6%
ARANA HILLS 7 N/A N/A $350,000 -8.1% 2.9%
BANKSIA BEACH 9 N/A N/A $357,000 4.5% -6.1%
BONGAREE 21 $270,000 N/A $289,500 0.7% -7.7%
BRENDALE ~ t 19 $274,500 -0.2% $320,000 20.8% 14.3%
BURPENGARY 9 N/A N/A $270,000 N/A -3.6%
CABOOLTURE ~ t 22 $145,000 -47.3% $199,500 -13.3% -31.2%
CLONTARF * 12 $436,250 N/A $431,000 28.7% 23.3%
DECEPTION BAY ~ t 20 $311,900 41.8% $269,000 3.5% 3.9%
GRIFFIN 4 N/A N/A $354,000 0.4% N/A
KALLANGUR 22 $331,000 7.4% $329,000 13.4% 0.2%
KIPPA-RING 6 N/A N/A $266,500 9.0% -20.0%
LAWNTON 11 $237,000 N/A $220,000 8.6% -14.4%
MANGO HILL 3 N/A N/A $355,000 0.0% N/A
MARGATE ~ 9 N/A N/A $372,500 20.6% -2.0%
MURRUMBA DOWNS 10 $349,000 N/A $351,450 0.4% 13.7%
NORTH LAKES 19 $359,000 0.0% $359,000 0.8% N/A
REDCLIFFE ~ 41 $316,000 -7.1% $345,000 -1.4% 0.0%
ROTHWELL 6 N/A N/A $292,500 N/A -8.2%
SCARBOROUGH 19 $410,000 8.6% $390,000 4.0% -1.3%
STRATHPINE 5 N/A N/A $254,750 3.1% -9.3%
WOODY POINT 10 $297,500 N/A $317,500 -9.3% -13.5%
REDLAND CITY (LGA) 97 $356,750 6.5% $350,000 4.5% 3.9%
CAPALABA ~ t 27 $275,000 -15.0% $312,000 8.3% 3.1%
CLEVELAND ~ 25 $400,000 -5.9% $415,000 18.6% 1.2%
ORMISTON 11 $365,000 N/A $350,000 -9.0% 4.9%
THORNESIDE 8 N/A N/A $311,000 14.3% 1.0%
VICTORIA POINT 10 $355,000 N/A $350,000 13.8% 7.9%
14 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
SALES MARKET - VACANT LAND
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
SALES MARKET - VACANT LAND (CONT’D)
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
RENTAL MARKET - 3 BED HOUSESPOST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
IPSWICH CITY $300 797 $295 782
4300 AUGUSTINE HEIGHTS $340 217 $330 201
4301 COLLINGWOOD PARK $310 119 $300 95
4303 DINMORE $270 26 $270 23
4304 BLACKSTONE $280 83 $280 89
4305 BASIN POCKET $280 273 $275 286
4306 AMBERLEY $330 53 $299 56
4340 ASHWELL $265 24 $300 25
LOGAN CITY $340 980 $335 928
4114 KINGSTON $315 177 $315 149
4117 BERRINBA $340 8 $340 7
4118 BROWNS PLAINS $340 106 $340 93
4119 UNDERWOOD $395 15 $375 21
4123 PRIESTS GULLY $380 43 $380 56
4124 BORONIA HEIGHTS $350 45 $325 51
4125 MUNRUBEN $430 7 $400 10
4127 CHATSWOOD HILLS $360 103 $350 102
4128 KIMBERLEY PARK $385 35 $375 34
4129 LOGANDALE $355 29 $350 21
4130 CARBROOK $385 14 $370 11
4131 LOGANLEA $350 41 $325 30
4132 CRESTMEAD $325 90 $325 84
4133 CHAMBERS FLAT $350 28 $350 41
4205 BETHANIA $330 18 $310 21
4207 ALBERTON $330 195 $320 170
4280 JIMBOOMBA $400 26 $395 27
MORETON BAY REGIONAL $340 1059 $330 1108
4019 CLONTARF $360 89 $350 101
4020 NEWPORT $360 73 $340 89
4021 KIPPA-RING $350 30 $350 29
4022 ROTHWELL $320 24 $320 16
4035 ALBANY CREEK $400 17 $410 24
4055 BUNYA $410 30 $410 34
4500 BRAY PARK $350 78 $350 71
4501 LAWNTON $330 23 $340 16
4502 FRENCHS FOREST $350 30 $350 26
4503 DAKABIN $350 107 $350 101
4504 NARANGBA $320 30 $330 36
4505 BURPENGARY $340 22 $312 39
4506 MOORINA $295 54 $290 60
4507 BANKSIA BEACH $335 44 $320 60
4508 DECEPTION BAY $305 106 $300 86
LAND
43 40 40 31 29
57 49
24
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE CITY LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
379
71 36
3
341
59 22 9
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE SURROUNDS LAND SALES (p)
JUN 14 SEP 14Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
88
33
8 16
102
28 10 10
<$250,000 $250,000+ $350,000+ $500,000+
GOLD COAST LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
71
35
21 10
46
21 15
8
<$250,000 $250,000+ $350,000+ $500,000+
SUNSHINE COAST & NOOSA LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
40
1 0
49
2 0
<$250,000 $250,000+ $350,000+
BUNDABERG LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
56
9 1
81
16 4
<$250,000 $250,000+ $350,000+
CAIRNS & DOUGLAS LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
57
0 0
62
3 0
<$250,000 $250,000+ $350,000+
FRASER COAST LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
16
0 1
14
1 1
<$250,000 $250,000+ $350,000+
GLADSTONE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
41
6 1
28
1 3
<$250,000 $250,000+ $350,000+
MACKAY LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
52
5 0
77
5 0
<$250,000 $250,000+ $350,000+
ROCKHAMPTON & LIVINGSTONE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
24
2 2
60
3 4
<$250,000 $250,000+ $350,000+
TOOWOOMBA LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
84
5 2
106
6 4
<$250,000 $250,000+ $350,000+
TOWNSVILLE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
BRISBANE (SD) 590 $215,000 -0.3% $215,000 4.9% 1.2%
BRISBANE (SD) ^ 83 $273,000 1.1% $265,000 -0.6% 3.9%
IPSWICH CITY (LGA) 78 $168,177 -3.9% $179,000 3.5% 5.3%
IPSWICH CITY (LGA) ^ 16 $244,500 N/A $249,000 N/A 4.4%
AUGUSTINE HEIGHTS ~ 5 N/A N/A $243,700 18.3% 9.7%
BELLBIRD PARK 7 N/A N/A $197,000 6.5% N/A
BRASSALL 7 N/A N/A $180,000 5.9% 3.3%
BUNDAMBA 0 N/A N/A $169,950 11.1% 4.4%
DEEBING HEIGHTS 8 N/A N/A $164,225 9.5% N/A
GOODNA ~ 5 N/A N/A $170,000 -8.1% 0.0%
KARALEE ^ 5 N/A N/A $255,000 N/A N/A
LEICHHARDT 3 N/A N/A $167,500 N/A N/A
RACEVIEW 3 N/A N/A $172,000 5.5% 4.2%
REDBANK PLAINS 10 $165,000 N/A $141,000 -1.0% -16.6%
SPRINGFIELD LAKES ~ 16 $152,000 -5.0% $188,000 7.4% 12.6%
LOGAN CITY (LGA) ~ 89 $188,000 -3.6% $176,000 -9.7% -14.1%
LOGAN CITY (LGA) ^ 24 $280,000 6.1% $260,000 5.1% 13.5%
BUCCAN ^ 10 $290,000 N/A $295,000 N/A N/A
CORNUBIA 6 N/A N/A $345,000 1.5% N/A
HOLMVIEW ~ * 0 N/A N/A $166,850 -9.7% -20.5%
JIMBOOMBA 10 $185,000 N/A $177,000 1.1% N/A
JIMBOOMBA ^ 3 N/A N/A $227,750 10.7% 20.5%
LOGAN RESERVE ~ 10 $138,000 -8.8% $155,000 0.0% N/A
LOGAN VILLAGE 3 N/A N/A $249,000 N/A N/A
MARSDEN 4 N/A N/A $182,500 -1.4% -3.4%
NEW BEITH ^ 2 N/A N/A $274,000 5.4% 13.2%
UNDERWOOD 3 N/A N/A $370,000 2.8% 13.8%
WATERFORD ~ 21 $170,000 -10.5% $175,500 -3.6% -2.0%
YARRABILBA 8 N/A N/A $150,500 -1.1% N/A
MORETON BAY (LGA) 140 $210,825 -1.9% $214,180 4.5% 4.5%
MORETON BAY (LGA) ^ 27 $272,000 4.6% $265,000 -3.6% -7.0%
BANKSIA BEACH 5 N/A N/A $422,500 -1.7% -8.2%
BRAY PARK 3 N/A N/A $204,500 1.7% -7.0%
BURPENGARY 4 N/A N/A $212,900 1.4% N/A
CABOOLTURE ~ 18 $187,000 8.4% $175,250 -2.6% -5.3%
CABOOLTURE ^ 4 N/A N/A $255,000 -1.9% N/A
D'AGUILAR 2 N/A N/A $161,000 N/A N/A
DAKABIN 18 $200,500 N/A $200,000 1.5% N/A
GRIFFIN 20 $214,525 0.2% $214,025 4.4% 5.7%
MANGO HILL 11 $218,000 -3.1% $228,000 6.0% -2.9%
MORAYFIELD 6 N/A N/A $172,000 0.0% -9.5%
NARANGBA 6 N/A N/A $206,105 3.8% -7.5%
NINGI ~ * 4 N/A N/A $184,900 N/A -18.1%
NORTH LAKES ~ * 9 N/A N/A $234,910 11.9% 16.9%
WAMURAN ^ 2 N/A N/A $235,000 N/A -4.1%
WARNER 19 $222,000 -3.0% $225,500 0.2% -0.7%
REDLAND CITY (LGA) ~ B 124 $51,000 -27.1% $233,000 275.8% -2.1%
BIRKDALE 6 N/A N/A $310,397 N/A 3.5%
CLEVELAND 2 N/A N/A $300,000 N/A -2.9%
MACLEAY ISLAND ~ 32 $33,500 11.7% $28,000 -3.4% -53.3%
MOUNT COTTON 4 N/A N/A $262,000 4.8% 6.9%
REDLAND BAY 17 $285,000 N/A $285,000 8.0% 7.5%
RUSSELL ISLAND ~ 39 $20,000 0.0% $20,000 0.0% -55.6%
THORNLANDS ~ 13 $299,000 8.7% $298,000 9.6% 20.2%
WELLINGTON POINT 3 N/A N/A $353,738 7.2% 5.6%
SURROUNDS
LOCKYER VALLEY (LGA) 32 $100,000 0.0% $100,000 N/A -13.0%
LOCKYER VALLEY (LGA) ^ 30 $127,500 2.0% $129,500 12.6% -1.9%
LAIDLEY NORTH 25 $100,000 0.0% $100,000 0.0% N/A
WITHCOTT ^ 6 N/A N/A $148,000 N/A N/A
SCENIC RIM (LGA) 8 N/A N/A $179,500 0.0% -3.5%
SCENIC RIM (LGA) ^ 12 N/A N/A $230,000 N/A 38.6%
GLENEAGLE 4 N/A N/A $178,500 -0.6% 6.0%
SOMERSET (LGA) 12 N/A N/A $135,000 0.0% 3.9%
FERNVALE 8 N/A N/A $145,000 5.1% 10.3%
15 SEPTEMBER QUARTER 2014
BRISBANE MARKET UPDATES
RENTAL MARKET - 3 BED HOUSES (CONT’D)POST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 2 BED UNITS
RENTAL MARKET - 2 BED UNITS (CONT’D)POST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
4509 MANGO HILL $380 78 $370 83
4510 BALINGOOL $285 162 $280 143
4511 GODWIN BEACH $335 28 $300 27
4514 BELLTHORPE $300 12 $300 28
4520 ARMSTRONG CREEK $450 8 $400 14
4521 CAMPBELLS POCKET $410 7 $340 12
REDLAND CITY $380 361 $380 383
4157 CAPALABA $400 30 $385 39
4158 THORNESIDE $360 9 $360 10
4159 AQUATIC PARADISE $395 25 $385 26
4160 EROBIN $390 39 $400 35
4161 ALEXANDRA HILLS $390 47 $390 54
4163 CLEVELAND $420 50 $410 34
4164 PINKLANDS $395 21 $410 13
4165 MOUNT COTTON $395 61 $400 85
4183 AMITY $310 6 $350 9
4184 COOCHIEMUDLO ISLAND $245 73 $240 78
LOCKYER VALLEY REGIONAL $270 116 $275 100
4341 BLENHEIM $270 41 $280 41
4342 CROWLEY VALE $270 18 $265 9
4343 ADARE $275 49 $265 39
4344 CARPENDALE $260 6 $290 8
SCENIC RIM REGIONAL $300 94 $300 153
4271 EAGLE HEIGHTS $380 7 $355 12
4272 MOUNT TAMBORINE $360 17 $380 25
4275 BENOBBLE $360 6 $375 8
4285 ALLENVIEW $290 36 $290 69
4309 ARATULA $245 8 $260 7
4310 ALLANDALE $265 13 $270 17
SOMERSET REGIONAL $280 63 $270 70
4311 ATKINSONS DAM $260 27 $270 26
4312 BRYDEN $280 13 $220 13
4515 GLENFERN $300 20 $285 19
IPSWICH CITY $250 171 $250 157
4300 AUGUSTINE HEIGHTS $250 35 $250 26
4301 COLLINGWOOD PARK $270 30 $250 27
4304 BLACKSTONE $245 29 $240 19
4305 BASIN POCKET $240 64 $240 78
4306 AMBERLEY $225 12 N.A. 3
LOGAN CITY $260 200 $260 209
4114 KINGSTON $260 58 $255 62
4127 CHATSWOOD HILLS $300 18 $330 17
4128 KIMBERLEY PARK $290 6 N.A. 3
4132 CRESTMEAD $260 8 $255 5
4133 CHAMBERS FLAT $250 11 $240 17
4207 ALBERTON $250 76 $250 70
4280 JIMBOOMBA $270 8 $265 12
MORETON BAY REGIONAL $270 527 $270 410
4019 CLONTARF $270 81 $270 68
4020 NEWPORT $290 80 $270 78
4021 KIPPA-RING $275 15 $280 7
4500 BRAY PARK $300 44 $285 27
4501 LAWNTON $280 17 $260 6
4503 DAKABIN $280 53 $285 33
4504 NARANGBA $217 7 N.A. 1
4505 BURPENGARY $230 9 $260 6
4506 MOORINA $250 13 $250 15
4507 BANKSIA BEACH $280 56 $255 53
4508 DECEPTION BAY $264 20 $240 18
4509 MANGO HILL $315 15 $315 15
4510 BALINGOOL $250 102 $250 72
REDLAND CITY $330 71 $330 65
4157 CAPALABA $325 13 $325 8
4158 THORNESIDE $305 7 N.A. 3
4163 CLEVELAND $368 34 $365 35
LOCKYER VALLEY REGIONAL $200 16 $210 24
4343 ADARE $225 11 $240 14
SCENIC RIM REGIONAL $220 30 $200 32
4272 MOUNT TAMBORINE $275 5 N.A. 2
4285 ALLENVIEW $210 20 $200 23
RENTAL MARKET - 3 BED TOWNHOUSESIPSWICH CITY $310 142 $305 105
4300 AUGUSTINE HEIGHTS $310 51 $335 33
4301 COLLINGWOOD PARK $310 25 $300 26
4304 BLACKSTONE $305 37 $305 18
4305 BASIN POCKET $305 28 $300 27
LOGAN CITY $335 432 $330 437
4114 KINGSTON $315 49 $325 54
4118 BROWNS PLAINS $350 47 $340 59
4119 UNDERWOOD $410 36 $315 31
4123 PRIESTS GULLY $340 8 $330 10
4127 CHATSWOOD HILLS $315 38 $315 37
4128 KIMBERLEY PARK $340 15 $320 9
4130 CARBROOK $375 6 N.A. 4
4131 LOGANLEA $350 23 $350 47
4132 CRESTMEAD $345 50 $330 43
4133 CHAMBERS FLAT $315 22 $300 10
4205 BETHANIA $340 31 $0 0
4207 ALBERTON $320 105 $310 130
MORETON BAY REGIONAL $335 513 $335 537
4019 CLONTARF $350 12 $350 14
4020 NEWPORT $340 12 $365 14
4021 KIPPA-RING $330 38 $330 53
4022 ROTHWELL $330 5 $310 5
4035 ALBANY CREEK $385 8 $380 13
4500 BRAY PARK $335 29 $335 64
4501 LAWNTON $330 11 $340 9
4502 FRENCHS FOREST $330 15 $276 20
4503 DAKABIN $340 174 $335 155
4504 NARANGBA $345 6 $330 21
4505 BURPENGARY $310 20 $310 21
4506 MOORINA $310 17 $310 17
4508 DECEPTION BAY $310 56 $310 50
4509 MANGO HILL $350 89 $345 64
4510 BALINGOOL $295 10 $290 9
4511 GODWIN BEACH $335 5 N.A. 4
REDLAND CITY $390 92 $385 83
4157 CAPALABA $360 19 $385 11
4158 THORNESIDE $390 12 $375 5
4160 EROBIN $395 8 $395 13
4163 CLEVELAND $435 32 $385 25
4165 MOUNT COTTON $395 13 $385 19
LOCKYER VALLEY REGIONAL N.A. 9 N.A. 3
4343 ADARE $290 8 N.A. 1
16 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
GOLD COASTThe Gold Coast real estate market is firmly into a new growth phase as the city’s economy gathers strength on the back of major infrastructure projects and an improving tourism market.
The light rail project linking Southport to Broadbeach has delivered an important boost to the tourist centre, with the Pacific Fair Shopping Centre upgrade and preparations for the 2018 Commonwealth Games also contributing to a more positive economic outlook.
House sale volumes on the Gold Coast rose seven per cent in the three months to September, with unit sales also increasing by five per cent. During the same period, acreage sales were up four per cent.
Houses are selling quicker on the Gold Coast, with average days on market down to 72 days in the September quarter, compared to 96 days 12 months earlier.
Average vendor discounting on the Gold Coast Coast is also trending downwards, currently sitting at six per cent in September 2013, compared to 11.6 per cent in September 2004.
HOUSE MARKET
The northern rim of the Gold Coast is recording strong sales volumes, as are a number of hinterland suburbs. Both contributed to the region’s impressive rise in sales in the September quarter.
Those to record the biggest increase in quarterly sales included Upper Coomera (116 per cent), Helensvale (63 per cent) and Robina (63 per cent).
According to local agents this sales growth has been underpinned by job-creating developments in the region and a return of confidence in the tourism market.
Despite rising sales volumes, median house prices on the Gold Coast eased 3.9 per cent to $495,000 in the three months to September. This is the result of higher sale volumes as the lower end of the market and a fall in the number of $500,000-plus sales.
REIQ’S price point data confirms this, with the highest number of preliminary sales numbers recorded in the $350,000-plus bracket. Sales also rose slightly in the $250,000-plus price bracket.
However, sale volumes in the $500,000-plus price bracket were down 5.8 per cent in the three months to September, with million-dollar plus sales also picking up on much smaller volumes.
Some suburbs recorded impressive price growth over the quarter, however, such as Runaway Bay (40.1 per cent), Clear Island Waters (22.2 per cent), and Paradise Point (13.3 per cent).
UNIT MARKET
The Gold Coast unit and townhouse market recorded a five per cent increase in sale volumes in the three months to September.
Median unit prices on the Gold Coast eased 2.9 per cent during this period to $340,000. While units priced up to $500,000 saw an increase in sales, volumes in the $500,000-plus price bracket were down.
Local agents say there are still good opportunities in the high rise market, with many properties being quickly picked off by investors. In the past month, investor activity in the apartment/unit market has reportedly been very strong.
Sales volumes were also up in the luxury end of the market, with 59 apartments priced upwards of $1 million changing hands, up from 36 in the June quarter.
Suburbs to record strong price growth over the quarter included Coolangatta (25.7 per cent) and Coombabah (15.6 per cent).
RENTAL MARKET
According to the REIQ’s latest rental survey, rental conditions on the Gold Coast remain tight amid a shortage of supply.
The Gold Coast recorded a vacancy rate of 1.9 per cent at the end of September, with median weekly rents remaining stable over the September quarter.
Local agents say the higher rental yields available on the Gold Coast are attracting an increasing number of interstate investors. It’s hoped increased investor activity will add to the supply of available rental stock.
17
REGIONAL MARKET UPDATES
SEPTEMBER QUARTER 2014
SALES MARKET - UNITS & TOWNHOUSES
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
SALES MARKET - HOUSES
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
GOLD COAST CITY (LGA) ~ 1,316 $495,000 -3.9% $500,000 5.5% 6.4%
GOLD COAST CITY (LGA) ^ 129 $680,000 0.3% $670,000 4.7% 0.8%
ARUNDEL 23 $460,000 -3.2% $470,000 1.1% 1.1%
ASHMORE 27 $486,500 4.6% $480,000 11.0% 4.3%
BENOWA 24 $700,000 -3.5% $700,000 3.7% 0.7%
BIGGERA WATERS 21 $553,000 N/A $555,000 14.4% 7.2%
BONOGIN ^ ~ 11 $656,000 11.2% $590,000 2.5% -4.8%
BROADBEACH WATERS ~ 37 $777,500 -8.7% $810,000 13.3% -4.7%
BUNDALL ~ f 20 $845,000 10.5% $775,000 7.3% -6.0%
BURLEIGH HEADS 16 $651,250 2.2% $613,000 13.9% 13.5%
BURLEIGH WATERS 46 $580,000 -6.8% $580,000 9.4% 6.7%
CARRARA 27 $475,000 -2.1% $460,000 4.8% 4.5%
CLEAR ISLAND WATERS ~ f 16 $977,500 22.2% $836,250 16.0% 1.2%
COOMBABAH 28 $420,000 7.7% $399,500 1.1% -2.6%
COOMERA 14 $369,000 -0.3% $362,500 2.1% -10.6%
CURRUMBIN ~ f 3 N/A N/A $742,500 33.8% N/A
CURRUMBIN WATERS ~ 15 $465,000 -7.9% $503,000 4.0% 5.9%
ELANORA ~ 33 $485,000 -8.3% $515,000 7.3% 6.4%
GILSTON 6 N/A N/A $468,750 N/A 0.3%
HELENSVALE 70 $502,000 4.4% $480,000 7.1% 1.1%
HIGHLAND PARK 19 $435,000 8.6% $425,000 4.9% 3.7%
HOLLYWELL 7 N/A N/A $540,000 3.0% 5.4%
HOPE ISLAND ~ f 15 $500,000 -14.3% $527,500 12.2% 5.5%
JACOBS WELL 10 $407,500 N/A N/A N/A N/A
LABRADOR 35 $415,000 -5.7% $430,000 11.7% 3.3%
MAUDSLAND 7 N/A N/A $460,000 6.4% 8.2%
MERMAID BEACH ~ f 14 $1,099,000 N/A $935,000 9.7% -11.8%
MERMAID WATERS 37 $618,500 -6.3% $660,000 6.5% 6.5%
MERRIMAC 11 $417,000 -1.9% $420,000 10.5% 3.1%
MIAMI 13 $595,000 2.6% $580,000 13.4% 14.5%
MOLENDINAR ~ 20 $502,500 -7.8% $500,000 6.4% 3.1%
MUDGEERABA 41 $470,000 -2.7% $470,000 5.6% 6.8%
MUDGEERABA ^ 2 N/A N/A $630,000 2.1% 0.8%
NERANG 47 $380,500 4.2% $371,000 5.7% -1.1%
NERANG ^ 8 N/A N/A $715,000 N/A -0.3%
ORMEAU 51 $428,000 2.1% $418,000 4.0% -2.8%
ORMEAU ^ 5 N/A N/A $617,500 -2.8% -0.1%
ORMEAU HILLS 7 N/A N/A $446,000 -2.6% -2.0%
OXENFORD 39 $423,500 3.9% $433,750 2.1% 2.8%
PACIFIC PINES 44 $480,000 7.3% $457,000 1.1% 0.4%
PALM BEACH 33 $570,000 -6.7% $560,000 8.7% 7.7%
PARADISE POINT ~ f 34 $850,000 13.3% $806,000 -8.7% -1.4%
PARKWOOD 16 $479,000 1.2% $486,000 8.0% 4.7%
PIMPAMA 21 $451,500 N/A $390,000 -1.8% 1.8%
REEDY CREEK 18 $595,000 -2.5% $617,000 0.0% -0.5%
ROBINA 60 $565,000 1.1% $525,000 4.0% 1.9%
RUNAWAY BAY ~ f 24 $895,000 40.1% $809,000 11.6% 6.4%
SOUTHPORT 59 $470,000 2.2% $452,500 7.7% 1.7%
SURFERS PARADISE ~ f 21 $1,175,000 5.0% $1,110,000 -2.2% -15.3%
TALLAI ^ 17 $690,000 N/A $675,000 -5.2% 0.0%
TALLEBUDGERA ^ 10 $697,500 3.7% $675,000 2.3% -6.3%
TALLEBUDGERA VALLEY ^ 8 N/A N/A $750,000 N/A N/A
TUGUN 26 $477,500 -6.8% $476,000 -5.0% 5.8%
UPPER COOMERA 93 $400,000 -1.7% $398,000 3.4% -2.5%
VARSITY LAKES ~ f 33 $510,000 10.0% $482,500 3.8% 6.0%
WORONGARY 12 $401,500 N/A $409,000 8.1% 4.9%
WORONGARY ^ 6 N/A N/A $642,500 11.7% 5.3%
GOLD COAST CITY (LGA) 1,677 $340,000 -2.9% $355,000 4.4% -1.9%
ARUNDEL 24 $308,500 4.6% $307,750 4.1% -2.3%
ASHMORE 23 $287,000 2.5% $279,999 10.9% -7.3%
BENOWA 13 $405,000 N/A $520,000 2.2% 13.0%
BIGGERA WATERS 43 $330,000 1.5% $399,000 8.1% 10.4%
BILINGA ~ 6 N/A N/A $445,000 29.0% -4.3%
BROADBEACH ~ f 84 $418,000 -7.1% $437,500 -1.7% -3.8%
BROADBEACH WATERS 13 $365,000 N/A $370,000 5.7% -11.9%
BUNDALL ~ 15 $303,000 N/A $300,000 -20.0% -5.8%
BURLEIGH HEADS 88 $390,500 -3.6% $390,000 8.3% -1.9%
BURLEIGH WATERS 14 $332,500 3.9% $338,000 5.6% -5.8%
CARRARA 29 $350,000 3.3% $390,000 -5.5% 4.0%
CLEAR ISLAND WATERS ~ f 9 $382,000 -11.5% $458,625 2.1% 19.3%
COOLANGATTA ~ f 37 $460,000 25.7% $390,000 0.0% -8.2%
COOMBABAH ~ t 24 $358,500 15.6% $315,000 6.8% 0.0%
COOMERA ~ t 17 $325,000 N/A $264,000 -45.0% -24.6%
CURRUMBIN 10 $380,750 N/A $400,000 2.6% -8.7%
CURRUMBIN WATERS 16 $292,500 -3.3% $300,000 4.5% -7.3%
ELANORA 14 $320,000 7.6% $296,500 4.0% -6.2%
HELENSVALE ~ f 18 $260,000 -21.1% $310,000 -4.6% -24.8%
HIGHLAND PARK 8 N/A N/A $247,000 N/A -10.8%
HOPE ISLAND ~ t 30 $370,000 -11.9% $390,000 25.8% -27.8%
LABRADOR 82 $302,500 -4.6% $318,000 7.8% 1.0%
MAIN BEACH 40 $520,000 -1.9% $555,000 0.9% -6.7%
MAUDSLAND 4 N/A N/A $276,000 -7.4% 11.5%
MERMAID BEACH ~ f 32 $373,000 -7.9% $352,500 10.0% -2.1%
MERMAID WATERS 31 $312,000 -1.4% $315,000 7.3% 0.3%
MERRIMAC 13 $310,000 9.2% $358,000 10.2% 15.5%
MIAMI 45 $355,000 -2.7% $350,000 4.5% -5.4%
MUDGEERABA ~ t 13 $285,000 -13.1% $317,450 -10.6% -5.8%
NERANG 34 $250,000 -2.3% $272,750 5.5% -4.3%
ORMEAU 8 N/A N/A $320,000 4.9% -9.2%
OXENFORD 16 $300,750 2.8% $275,000 6.8% -4.3%
PACIFIC PINES ~ t 22 $322,500 -11.6% $359,250 1.5% -1.6%
PALM BEACH ~ 45 $325,000 -8.5% $350,000 8.4% -4.1%
PARADISE POINT ~ * 26 $450,000 0.0% $485,500 -14.8% 0.6%
PIMPAMA 9 N/A N/A $354,900 -8.5% 3.0%
REEDY CREEK ~ t 22 $279,500 -8.4% $291,000 10.6% -2.7%
ROBINA 47 $383,000 0.7% $403,750 -3.8% -6.1%
RUNAWAY BAY ~ f 29 $355,000 -10.1% $430,000 -1.1% -0.6%
SOUTHPORT 128 $303,000 1.8% $327,869 5.8% -9.4%
SURFERS PARADISE 242 $325,000 -6.6% $340,000 -4.2% -6.3%
TUGUN 16 $375,000 -0.7% $376,250 7.0% -11.7%
UPPER COOMERA 19 $302,500 -0.8% $295,000 3.5% -13.7%
VARSITY LAKES 68 $388,000 4.9% $388,000 7.0% -0.6%
The Gold Coast real estate market is firmly into a new growth phase as the city’s economy gathers strength...
18 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
UNITS
57
363
860
454
45 62
384
875
508
54
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE CITY UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
197
260
111
46 5
260 282
132
51 5
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS UNIT SALES (p)
JUN 14 SEP 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
273
520 451
290
36
296
560 457
276
59
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
GOLD COAST UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
105
197 177
105
27
108
203 194
112
21
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
9 8
2 2
19
10
4
0
<$250,000 $250,000+ $350,000+ $500,000+
BUNDABERG UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
137
63
17 14
222
81
33 19
<$250,000 $250,000+ $350,000+ $500,000+
CAIRNS & DOUGLAS UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
21
15
4 3
21
12
6
0
<$250,000 $250,000+ $350,000+ $500,000+
FRASER COAST UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
6 6 6
3 3 4
6
3
<$250,000 $250,000+ $350,000+ $500,000+
GLADSTONE UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
60
47
21 13
55
40
14 11
<$250,000 $250,000+ $350,000+ $500,000+
TOWNSVILLE UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
10 7 5 3
18
33
10 10
<$250,000 $250,000+ $350,000+ $500,000+
MACKAY UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
9
13 11
6
13 13
18
7
<$250,000 $250,000+ $350,000+ $500,000+
ROCKHAMPTON & LIVINGSTONE UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
43 36
18 7
38
62
14 5
<$250,000 $250,000+ $350,000+ $500,000+
TOOWOOMBA UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
LAND
43 40 40 31 29
57 49
24
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE CITY LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
379
71 36
3
341
59 22 9
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE SURROUNDS LAND SALES (p)
JUN 14 SEP 14Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
88
33
8 16
102
28 10 10
<$250,000 $250,000+ $350,000+ $500,000+
GOLD COAST LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
71
35
21 10
46
21 15
8
<$250,000 $250,000+ $350,000+ $500,000+
SUNSHINE COAST & NOOSA LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
40
1 0
49
2 0
<$250,000 $250,000+ $350,000+
BUNDABERG LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
56
9 1
81
16 4
<$250,000 $250,000+ $350,000+
CAIRNS & DOUGLAS LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
57
0 0
62
3 0
<$250,000 $250,000+ $350,000+
FRASER COAST LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
16
0 1
14
1 1
<$250,000 $250,000+ $350,000+
GLADSTONE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
41
6 1
28
1 3
<$250,000 $250,000+ $350,000+
MACKAY LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
52
5 0
77
5 0
<$250,000 $250,000+ $350,000+
ROCKHAMPTON & LIVINGSTONE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
24
2 2
60
3 4
<$250,000 $250,000+ $350,000+
TOOWOOMBA LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
84
5 2
106
6 4
<$250,000 $250,000+ $350,000+
TOWNSVILLE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
RENTAL MARKET - 3 BED HOUSESPOST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 2 BED UNITSPOST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 3 BED TOWNHOUSES
SALES MARKET - VACANT LAND
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
GOLD COAST CITY $430 941 $410 1047
4208 BURNSIDE $380 21 $370 27
4209 COOMERA $385 115 $370 101
4210 OXENFORD $430 17 $380 27
4211 ADVANCETOWN $410 101 $385 124
4212 HELENSVALE $490 59 $400 54
4213 BONOGIN $440 35 $430 53
4214 ARUNDEL $420 93 $410 100
4215 LABRADOR $410 98 $380 117
4216 PARADISE POINT $430 51 $420 74
4217 BENOWA $530 50 $520 67
4218 BROADBEACH $500 60 $480 64
4220 BURLEIGH HEADS $470 60 $470 55
4221 ELANORA $470 47 $420 42
4223 CURRUMBIN $500 25 $450 26
4224 TUGUN $400 11 $415 15
4225 BILINGA $420 8 N.A. 3
4226 CLEAR ISLAND WATERS $460 55 $450 63
4227 REEDY CREEK $450 33 $435 30
GOLD COAST CITY $385 1133 $375 1183
4208 BURNSIDE $360 12 $365 11
4209 COOMERA $360 159 $350 161
4210 OXENFORD $360 18 $360 13
4211 ADVANCETOWN $370 192 $360 205
4212 HELENSVALE $430 35 $445 37
4213 BONOGIN $380 42 $365 38
4214 ARUNDEL $380 33 $365 36
4215 LABRADOR $380 125 $370 132
4216 PARADISE POINT $380 86 $370 105
4217 BENOWA $440 42 $450 64
4218 BROADBEACH $450 34 $455 30
4220 BURLEIGH HEADS $390 26 $390 43
4221 ELANORA $390 32 $400 25
4223 CURRUMBIN $400 12 $400 15
4224 TUGUN $430 19 $430 27
4225 BILINGA $470 5 N.A. 3
4226 CLEAR ISLAND WATERS $440 176 $425 166
4227 REEDY CREEK $420 81 $410 68
GOLD COAST CITY $360 2634 $350 2664
4210 OXENFORD $300 23 $295 21
4211 ADVANCETOWN $325 30 $295 36
4212 HELENSVALE $390 57 $415 63
4214 ARUNDEL $300 20 $250 14
4215 LABRADOR $350 573 $335 582
4216 PARADISE POINT $355 182 $345 216
4217 BENOWA $400 656 $390 642
4218 BROADBEACH $350 333 $350 367
4220 BURLEIGH HEADS $380 218 $360 217
4221 ELANORA $325 124 $300 141
4223 CURRUMBIN $370 34 $340 33
4224 TUGUN $340 46 $325 55
4225 BILINGA $330 142 $320 132
4226 CLEAR ISLAND WATERS $410 63 $400 45
4227 REEDY CREEK $360 124 $290 89
HOUSES
166
770
1840
235 161
784
1900
274
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE CITY HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
1154 1157
472
18
1272 1256
480
21
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS HOUSE SALES (p)
JUN 14 SEP 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
65
480 548
84 66
575 516
101
<$350,000 $350,000+ $500,000+ $1m+
GOLD COAST HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
79
440
346
37 76
443 373
43
<$350,000 $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
139
41 9
182
39 7
<$350,000 $350,000+ $500,000+
BUNDABERG HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
146 193
64
208
265
95
<$350,000 $350,000+ $500,000+
CAIRNS & DOUGLAS HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
185
41 14
194
46 6
<$350,000 $350,000+ $500,000+
FRASER COAST HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
43
55
18
48 59
14
<$350,000 $350,000+ $500,000+
GLADSTONE HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
167 174
47
255
183
49
<$350,000 $350,000+ $500,000+
TOWNSVILLE HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
56
84
31
64
94
30
<$350,000 $350,000+ $500,000+
MACKAY HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
153
68
20
163
69
26
<$350,000 $350,000+ $500,000+
ROCKHAMPTON & LIVINGSTONE HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
294
184
60
296
208
56
<$350,000 $350,000+ $500,000+
TOOWOOMBA HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
GOLD COAST CITY (LGA) 150 $234,000 -0.4% $230,000 0.2% -0.6%
GOLD COAST CITY (LGA) ^ 7 N/A N/A $360,000 4.3% -9.3%
COOMERA 38 $228,000 1.3% $225,000 -0.2% -6.0%
GILSTON 0 N/A N/A $253,000 3.7% 14.8%
HELENSVALE * f 4 N/A N/A $500,000 N/A 86.2%
ORMEAU 7 N/A N/A $220,000 -2.2% 0.0%
ORMEAU HILLS 9 N/A N/A $214,900 2.4% N/A
OXENFORD 7 N/A N/A $235,000 N/A 3.5%
PIMPAMA 17 $220,000 0.7% $219,500 -2.0% -0.2%
REEDY CREEK ~ 9 N/A N/A $320,000 12.3% 9.4%
UPPER COOMERA 32 $232,500 -2.1% $229,500 2.5% 2.0%
WILLOW VALE 2 N/A N/A $205,000 3.9% N/A
19
REGIONAL MARKET UPDATES
SEPTEMBER QUARTER 2014
TOOWOOMBAHOUSES
166
770
1840
235 161
784
1900
274
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE CITY HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
1154 1157
472
18
1272 1256
480
21
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS HOUSE SALES (p)
JUN 14 SEP 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
65
480 548
84 66
575 516
101
<$350,000 $350,000+ $500,000+ $1m+
GOLD COAST HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
79
440
346
37 76
443 373
43
<$350,000 $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
139
41 9
182
39 7
<$350,000 $350,000+ $500,000+
BUNDABERG HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
146 193
64
208
265
95
<$350,000 $350,000+ $500,000+
CAIRNS & DOUGLAS HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
185
41 14
194
46 6
<$350,000 $350,000+ $500,000+
FRASER COAST HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
43
55
18
48 59
14
<$350,000 $350,000+ $500,000+
GLADSTONE HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
167 174
47
255
183
49
<$350,000 $350,000+ $500,000+
TOWNSVILLE HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
56
84
31
64
94
30
<$350,000 $350,000+ $500,000+
MACKAY HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
153
68
20
163
69
26
<$350,000 $350,000+ $500,000+
ROCKHAMPTON & LIVINGSTONE HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
294
184
60
296
208
56
<$350,000 $350,000+ $500,000+
TOOWOOMBA HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. UNITS
57
363
860
454
45 62
384
875
508
54
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE CITY UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
197
260
111
46 5
260 282
132
51 5
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS UNIT SALES (p)
JUN 14 SEP 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
273
520 451
290
36
296
560 457
276
59
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
GOLD COAST UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
105
197 177
105
27
108
203 194
112
21
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
9 8
2 2
19
10
4
0
<$250,000 $250,000+ $350,000+ $500,000+
BUNDABERG UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
137
63
17 14
222
81
33 19
<$250,000 $250,000+ $350,000+ $500,000+
CAIRNS & DOUGLAS UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
21
15
4 3
21
12
6
0
<$250,000 $250,000+ $350,000+ $500,000+
FRASER COAST UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
6 6 6
3 3 4
6
3
<$250,000 $250,000+ $350,000+ $500,000+
GLADSTONE UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
60
47
21 13
55
40
14 11
<$250,000 $250,000+ $350,000+ $500,000+
TOWNSVILLE UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
10 7 5 3
18
33
10 10
<$250,000 $250,000+ $350,000+ $500,000+
MACKAY UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
9
13 11
6
13 13
18
7
<$250,000 $250,000+ $350,000+ $500,000+
ROCKHAMPTON & LIVINGSTONE UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
43 36
18 7
38
62
14 5
<$250,000 $250,000+ $350,000+ $500,000+
TOOWOOMBA UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. LAND
43 40 40 31 29
57 49
24
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE CITY LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
379
71 36
3
341
59 22 9
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE SURROUNDS LAND SALES (p)
JUN 14 SEP 14Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
88
33
8 16
102
28 10 10
<$250,000 $250,000+ $350,000+ $500,000+
GOLD COAST LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
71
35
21 10
46
21 15
8
<$250,000 $250,000+ $350,000+ $500,000+
SUNSHINE COAST & NOOSA LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
40
1 0
49
2 0
<$250,000 $250,000+ $350,000+
BUNDABERG LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
56
9 1
81
16 4
<$250,000 $250,000+ $350,000+
CAIRNS & DOUGLAS LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
57
0 0
62
3 0
<$250,000 $250,000+ $350,000+
FRASER COAST LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
16
0 1
14
1 1
<$250,000 $250,000+ $350,000+
GLADSTONE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
41
6 1
28
1 3
<$250,000 $250,000+ $350,000+
MACKAY LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
52
5 0
77
5 0
<$250,000 $250,000+ $350,000+
ROCKHAMPTON & LIVINGSTONE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
24
2 2
60
3 4
<$250,000 $250,000+ $350,000+
TOOWOOMBA LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
84
5 2
106
6 4
<$250,000 $250,000+ $350,000+
TOWNSVILLE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
Toowoomba’s property market continues to perform strongly, with sales activity still trending upwards. However local agents say moving into the Christmas period is typically a quieter time of year.
As it moves out of the construction phase, the local mining sector in the Surat Basin is expected to see a drop off in growth of around two-to-three per cent, with a resultant easing in employment.
However the region is still well supported by numerous other major developments currently underway and due to begin in 2015, such as the much anticipated Second Range Crossing going to tender in early 2015.
Moving into 2015, local agents expect more of the same, with an equally high level of confidence seen throughout 2014.
HOUSE MARKET
Over the September quarter, preliminary house sales numbers continued to trend upwards for the fifth consecutive quarter. Toowoomba sales were up four per cent, while the median house price was up one per cent. Over the year to September, Toowoomba’s median house price was up 7.2 per cent compared to a year ago and an impressive 24.1 per cent compared to five years ago.
Sales activity was up predominantly in the $350,000-plus price bracket, however local agents say that good results have been recorded at the prestige end. One property reportedly changed hands for more than $2 million recently.
According to local agents, confidence in Toowoomba remains high thanks to the ongoing economic development in the region. This is despite the easing in employment in the mining sector and the drought which is beginning to affect some of the retailers in Toowoomba.
UNIT MARKET
Toowoomba’s unit market also performed well over the quarter with sales volumes up 21 per cent compared to the previous quarter. Local agents say investor activity has seen a number of new unit and townhouse developments come onto the market. However this level of activity from investors is starting to wane, with many believing the unit market is nearing over supply.
Despite strong activity at the affordable end of the market, the median unit price in Toowoomba increased 2.5 per cent over the quarter, and 8.5 per cent over the year to September.
The strongest increase in activity was seen in the $250,000-plus price point, which nearly doubled over the quarter. All other price points saw a slight drop off in activity.
RENTAL MARKET
In Toowoomba, the rental market continues to remain tight; however it was one of the few regions to record a slight easing in its vacancy, up 0.1 percentage points to 1.6 per cent. Local agents say that Toowoomba’s “healthy” rate of vacancy sits around the two per cent mark, which the region has stayed below for all but two periods since June 2008. As such, median weekly rents from the RTA continue to remain stable or record steady growth.
Toowoomba’s property market continues to perform strongly, with sales activity still trending upwards.
20 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
SALES MARKET - UNITS & TOWNHOUSES
RENTAL MARKET - 3 BED TOWNHOUSES
RENTAL MARKET - 2 BED UNITS
SALES MARKET - VACANT LAND
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
SALES MARKET - HOUSES
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
RENTAL MARKET - 3 BED HOUSESPOST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
TOOWOOMBA (LGA) 126 $279,000 2.5% $280,000 8.5% 21.7%
CENTENARY HEIGHTS 9 N/A N/A $304,500 -4.8% 29.6%
EAST TOOWOOMBA ~ 11 $278,500 29.5% $268,000 9.4% 27.6%
HARRISTOWN 10 $109,000 N/A $227,000 -8.8% 9.7%
KEARNEYS SPRING 17 $291,500 8.6% $285,000 3.6% 18.9%
NEWTOWN 15 $256,500 2.2% $252,250 7.3% 16.5%
RANGEVILLE 7 N/A N/A $315,000 0.0% 12.5%
SOUTH TOOWOOMBA * t 7 N/A N/A $310,000 29.7% 44.2%
TOOWOOMBA CITY * 9 N/A N/A $244,188 N/A 22.6%
WILSONTON 7 N/A N/A $251,250 5.6% 8.5%
SURROUNDS
WESTERN DOWNS (LGA) * t 5 N/A N/A $385,000 23.2% N/A
CHINCHILLA * t 2 N/A N/A $367,000 -0.5% N/A
TOOWOOMBA (LGA) ~ 67 $156,500 -2.7% $159,950 3.2% 36.1%
TOOWOOMBA (LGA) ^ 17 $200,000 11.1% $180,000 20.0% 17.6%
CAMBOOYA 8 N/A N/A $115,000 N/A N/A
CRANLEY 1 N/A N/A $158,950 4.2% N/A
GLENVALE ~ 10 $169,950 N/A $169,950 6.2% 36.0%
GOWRIE JUNCTION ^ 6 N/A N/A $174,500 11.1% 15.9%
KLEINTON 1 N/A N/A $157,500 4.8% 22.6%
MIDDLE RIDGE ~ * 1 N/A N/A $289,750 40.0% 76.7%
WESTBROOK ~ * 11 $155,500 N/A $158,500 3.4% 51.0%
SURROUNDS
SOUTHERN DOWNS (LGA) ~ 14 N/A N/A $72,250 N/A -15.7%
WESTERN DOWNS (LGA) ~ * - N/A N/A $145,000 -6.4% 40.8%
CHINCHILLA * 0 N/A N/A $150,000 3.4% 57.9%
TOOWOOMBA REGIONAL $300 588 $295 654
4350 KEARNEYS SPRING $305 445 $300 525
4352 AMIENS $325 18 $310 28
4354 DOUGLAS $265 7 N.A. 4
4355 ANDURAMBA $265 15 $260 7
4356 PITTSWORTH $270 23 $270 17
4357 BRINGALILY $245 11 $250 7
4361 BACK PLAINS $220 9 $225 6
4400 KINGSTHORPE $260 6 N.A. 4
4401 ACLAND $275 42 $270 41
GOONDIWINDI REGIONAL $280 37 $275 51
4387 BRUSH CREEK $200 7 $230 9
4390 BILLA BILLA $300 26 $300 33
SOUTHERN DOWNS REGIONAL $255 140 $240 179
4362 ALLORA $275 9 $260 9
4370 ALLAN $260 71 $250 100
4373 KILLARNEY $250 5 $200 5
4380 AMIENS $250 45 $240 56
WESTERN DOWNS REGIONAL $300 154 $350 129
4405 BLAXLAND $280 68 $320 61
4410 JANDOWAE $220 5 $230 5
4413 BAKING BOARD $315 52 $440 45
4415 MILES $375 14 $550 9
4419 COCKATOO $350 5 N.A. 1
4421 GORANBA $240 6 $240 6
TOOWOOMBA REGIONAL $240 359 $235 356
4350 KEARNEYS SPRING $245 325 $240 340
4352 AMIENS $264 7 N.A. 1
4357 BRINGALILY $200 5 N.A. 1
4401 ACLAND $210 13 $205 9
GOONDIWINDI REGIONAL $190 23 $180 20
4390 BILLA BILLA $200 21 $180 19
SOUTHERN DOWNS REGIONAL $195 61 $200 58
4370 ALLAN $200 43 $200 40
4380 AMIENS $180 16 $200 16
WESTERN DOWNS REGIONAL $250 54 $250 35
4405 BLAXLAND $205 31 $230 18
4413 BAKING BOARD $300 19 $380 10
TOOWOOMBA REGIONAL $295 22 $275 25
4350 KEARNEYS SPRING $295 22 $275 25
SOUTHERN DOWNS REGIONAL N.A. 11 N.A. 1
4370 ALLAN $250 7 N.A. 1
WESTERN DOWNS REGIONAL N.A. 10 N.A. 8
4413 BAKING BOARD $300 7 $475 7
TOOWOOMBA (LGA) 574 $339,500 1.0% $335,000 7.2% 24.1%
TOOWOOMBA (LGA) ^ 103 $448,500 -5.6% $485,000 7.8% 22.2%
CENTENARY HEIGHTS 35 $349,500 2.0% $350,000 7.4% 23.0%
CROWS NEST 9 N/A N/A $237,000 -4.0% 5.3%
DARLING HEIGHTS 20 $349,500 2.2% $335,000 6.7% 20.5%
EAST TOOWOOMBA ~ 24 $400,750 -8.3% $415,000 9.2% 17.1%
GLENVALE 16 $378,750 3.3% $355,000 5.7% 16.4%
HARLAXTON 5 N/A N/A $253,750 -3.0% 15.6%
HARRISTOWN 40 $320,500 7.4% $310,200 12.8% 26.1%
HIGHFIELDS 9 N/A N/A $457,500 1.7% 13.0%
HIGHFIELDS ^ 20 $499,500 -6.6% $520,000 10.6% 18.2%
KEARNEYS SPRING ~ 34 $375,000 -9.1% $360,000 4.5% 22.9%
KINGSTHORPE 5 N/A N/A $301,000 7.5% 20.4%
KLEINTON ~ 12 $476,250 -8.1% $480,000 9.2% N/A
MERINGANDAN WEST 2 N/A N/A $387,000 9.8% 17.3%
MERINGANDAN WEST ^ 9 N/A N/A $345,000 N/A 12.7%
MIDDLE RIDGE ^ 1 N/A N/A $740,000 N/A N/A
MIDDLE RIDGE ~ 30 $469,000 -9.3% $470,000 2.6% 14.4%
MOUNT LOFTY ~ 8 N/A N/A $410,000 18.9% 31.2%
NEWTOWN 62 $290,000 -0.2% $290,000 9.4% 21.5%
NORTH TOOWOOMBA ~ 22 $301,000 -7.7% $300,000 10.1% 27.7%
OAKEY 14 $216,250 -0.1% $220,000 2.3% 11.0%
PITTSWORTH ~ 15 $275,750 -13.8% $279,000 1.0% 4.7%
RANGEVILLE 50 $406,000 1.5% $392,250 2.7% 10.2%
ROCKVILLE ~ 19 $287,500 -5.7% $285,000 16.3% 19.2%
SOUTH TOOWOOMBA ~ 27 $342,000 10.3% $325,000 13.2% 30.0%
TOOWOOMBA CITY 10 $322,750 4.1% $322,000 3.5% 26.3%
WESTBROOK 15 $432,500 -0.3% $435,250 5.5% 17.6%
WILSONTON 31 $313,000 -5.7% $312,000 14.5% 22.4%
WILSONTON HEIGHTS ~ 18 $300,000 7.1% $293,750 10.8% 26.9%
WYREEMA 8 N/A N/A $322,500 N/A 7.1%
SURROUNDS
GOONDIWINDI (LGA) ~ 9 $248,000 10.2% $245,000 21.7% 2.1%
GOONDIWINDI 7 N/A N/A $272,500 1.7% -2.2%
SOUTHERN DOWNS (LGA) 68 $242,500 -3.8% $250,000 8.7% 8.7%
SOUTHERN DOWNS (LGA) ^ 30 $275,000 -9.8% $320,000 12.9% 0.9%
STANTHORPE 15 $210,000 N/A $235,000 3.8% 7.3%
WARWICK 35 $270,000 6.1% $260,000 6.1% 8.3%
WESTERN DOWNS (LGA) ~ 31 $280,000 23.3% $279,000 -7.0% 15.3%
WESTERN DOWNS (LGA) ^ 22 $317,500 -5.9% $368,750 -11.9% 20.9%
CHINCHILLA ~ 11 $335,000 N/A $350,000 -6.7% 30.8%
DALBY ^ 7 N/A N/A $430,000 -6.9% 8.2%
DALBY ~ 15 $278,000 18.6% $264,500 5.8% 3.7%
21
REGIONAL MARKET UPDATES
SEPTEMBER QUARTER 2014
SUNSHINE COAST
HOUSES
166
770
1840
235 161
784
1900
274
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE CITY HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
1154 1157
472
18
1272 1256
480
21
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS HOUSE SALES (p)
JUN 14 SEP 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
65
480 548
84 66
575 516
101
<$350,000 $350,000+ $500,000+ $1m+
GOLD COAST HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
79
440
346
37 76
443 373
43
<$350,000 $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
139
41 9
182
39 7
<$350,000 $350,000+ $500,000+
BUNDABERG HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
146 193
64
208
265
95
<$350,000 $350,000+ $500,000+
CAIRNS & DOUGLAS HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
185
41 14
194
46 6
<$350,000 $350,000+ $500,000+
FRASER COAST HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
43
55
18
48 59
14
<$350,000 $350,000+ $500,000+
GLADSTONE HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
167 174
47
255
183
49
<$350,000 $350,000+ $500,000+
TOWNSVILLE HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
56
84
31
64
94
30
<$350,000 $350,000+ $500,000+
MACKAY HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
153
68
20
163
69
26
<$350,000 $350,000+ $500,000+
ROCKHAMPTON & LIVINGSTONE HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
294
184
60
296
208
56
<$350,000 $350,000+ $500,000+
TOOWOOMBA HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
Sunshine Coast real estate performed strongly in the September quarter, keeping up the momentum which has been gathering since the local market entered its recovery phase in late 2013.
The regional economy is going from strength to strength, with major infrastructure projects such as the new Sunshine Coast University Hospital delivering ongoing jobs and employment opportunities.
Agents report that the thriving local economy is driving demand and confidence in real estate on the coastal strip. In contrast to earlier in the year, this buoyant sentiment is also penetrating into the hinterland region.
Average days on market continue to fall in the Sunshine Coast region, including Noosa – sitting at 90 days in the September quarter, compared to 110 days 12 months earlier.
Average vendor discounting in the Sunshine Coast region is also trending downwards, from 9.2 per cent in September 2013 to 5.6 per cent 12 months later.
HOUSE MARKET
Noosa was the star performer in the region for house sales in the September quarter, with sales activity up an impressive 13 per cent. Sales volumes were also up in the broader Sunshine Coast LGA, rising 3 per cent in the three months to September.
Median house prices in the Sunshine Coast LGA were up 1.2 per cent to $473,500 in the three months to September, while Noosa’s median house price was $522,500 in the three months to September.
Local agents say there is very healthy demand for housing in the majority of suburbs on the Sunshine Coast, with the prestige sector of the market showing particularly strong signs of recovery.
REIQ’S price point data confirms this, with the highest number of preliminary sales numbers recorded in the $350,000-plus bracket. Increased sales activity, however, was most prominent in the $500,000-plus bracket with an additional 26 preliminary sales recorded in the September quarter.
Turnover was also up in the $1 million-plus sector of the market, with 43 properties changing hands – up from 37 in the June quarter.
Top performing suburbs to record impressive median price growth in the three months to September included Mooloolaba (16.8 per cent), Wurtulla (8.5 per cent ) and Glass House Mountains (8.4 per cent).
UNIT MARKET
Noosa also outperformed the greater Sunshine Coast region in the unit and townhouse market, with an impressive 9.4 per cent increase bringing the median unit price to $395,000 in the three months to September.
In the September quarter, sales activity in Noosa rose by five per cent with sales volumes up strongly in Kings Beach (36 per cent), Mooloolaba (33 per cent) and Mount
Coolum (27 per cent).
Local agents say first home buyers and downsizers are becoming more active in the unit market and they expect to see a steady increase in this sector of the market heading into 2015.
Across the Sunshine Coast region, including Noosa, sales activity was up across most price points, with the affordable end of the market performing continuing to perform well. Unit sale volumes were strongest in the $350,000-plus price bracket, rising 10 per cent in the three months to September.
RENTAL MARKET
According to the REIQ’s latest rental survey, the Sunshine Coast has the lowest vacancy rate of any major region in the state. Sitting at just one per cent, the vacancy rate on the Sunshine Coast LGA is the result of strong tenant demand driven by the strong employment opportunities in the region.
The Noosa Council area saw its vacancy rate ease tighten to 1.2 per cent in the three months to September.
Local agents are hopeful increased investor activity will help to tackle the current shortage of rental stock in both LGAs.
UNITS
57
363
860
454
45 62
384
875
508
54
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE CITY UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
197
260
111
46 5
260 282
132
51 5
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS UNIT SALES (p)
JUN 14 SEP 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
273
520 451
290
36
296
560 457
276
59
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
GOLD COAST UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
105
197 177
105
27
108
203 194
112
21
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
9 8
2 2
19
10
4
0
<$250,000 $250,000+ $350,000+ $500,000+
BUNDABERG UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
137
63
17 14
222
81
33 19
<$250,000 $250,000+ $350,000+ $500,000+
CAIRNS & DOUGLAS UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
21
15
4 3
21
12
6
0
<$250,000 $250,000+ $350,000+ $500,000+
FRASER COAST UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
6 6 6
3 3 4
6
3
<$250,000 $250,000+ $350,000+ $500,000+
GLADSTONE UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
60
47
21 13
55
40
14 11
<$250,000 $250,000+ $350,000+ $500,000+
TOWNSVILLE UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
10 7 5 3
18
33
10 10
<$250,000 $250,000+ $350,000+ $500,000+
MACKAY UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
9
13 11
6
13 13
18
7
<$250,000 $250,000+ $350,000+ $500,000+
ROCKHAMPTON & LIVINGSTONE UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
43 36
18 7
38
62
14 5
<$250,000 $250,000+ $350,000+ $500,000+
TOOWOOMBA UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. LAND
43 40 40 31 29
57 49
24
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE CITY LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
379
71 36
3
341
59 22 9
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE SURROUNDS LAND SALES (p)
JUN 14 SEP 14Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
88
33
8 16
102
28 10 10
<$250,000 $250,000+ $350,000+ $500,000+
GOLD COAST LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
71
35
21 10
46
21 15
8
<$250,000 $250,000+ $350,000+ $500,000+
SUNSHINE COAST & NOOSA LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
40
1 0
49
2 0
<$250,000 $250,000+ $350,000+
BUNDABERG LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
56
9 1
81
16 4
<$250,000 $250,000+ $350,000+
CAIRNS & DOUGLAS LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
57
0 0
62
3 0
<$250,000 $250,000+ $350,000+
FRASER COAST LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
16
0 1
14
1 1
<$250,000 $250,000+ $350,000+
GLADSTONE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
41
6 1
28
1 3
<$250,000 $250,000+ $350,000+
MACKAY LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
52
5 0
77
5 0
<$250,000 $250,000+ $350,000+
ROCKHAMPTON & LIVINGSTONE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
24
2 2
60
3 4
<$250,000 $250,000+ $350,000+
TOOWOOMBA LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
84
5 2
106
6 4
<$250,000 $250,000+ $350,000+
TOWNSVILLE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
22 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
SALES MARKET - VACANT LAND
SALES MARKET - HOUSES
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
SALES MARKET - HOUSES (CONT’D)
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
SALES MARKET - UNITS & TOWNHOUSES
SUNSHINE COAST (LGA) 815 $473,500 1.2% $467,500 6.3% 5.3%
SUNSHINE COAST (LGA) ^ 157 $567,500 3.7% $568,750 9.9% 0.0%
ALEXANDRA HEADLAND 10 $817,500 N/A $805,000 11.8% 13.4%
AROONA 13 $465,000 7.0% $440,500 0.1% 5.7%
BATTERY HILL 7 N/A N/A $433,000 10.3% 9.6%
BEERWAH 22 $377,250 0.6% $379,000 2.4% -4.1%
BEERWAH ^ 8 N/A N/A $445,000 N/A N/A
BLI BLI 30 $415,500 -6.1% $432,500 12.9% 12.3%
BUDDINA 18 $515,000 N/A $520,000 -4.8% -5.5%
BUDERIM 103 $523,000 -2.2% $530,000 7.1% 2.9%
BUDERIM ^ 12 $980,000 N/A $880,000 4.8% 6.0%
BURNSIDE 6 N/A N/A $373,500 11.8% 3.4%
CALOUNDRA WEST 20 $422,500 -0.6% $415,000 4.7% 0.0%
COES CREEK 3 N/A N/A $368,000 2.2% 1.9%
COOLUM BEACH ~ 33 $470,000 -11.7% $485,000 14.1% 3.2%
CURRIMUNDI 23 $436,250 -0.9% $438,000 5.5% 4.0%
DICKY BEACH 4 N/A N/A $569,000 2.5% N/A
EUMUNDI ^ 7 N/A N/A $650,000 -1.5% N/A
GLASS HOUSE MOUNTAINS ^ 6 N/A N/A $431,250 4.5% -6.8%
GLASS HOUSE MOUNTAINS ~ 14 $428,000 8.4% $412,000 7.2% -0.7%
GLENVIEW ^ 7 N/A N/A $580,000 N/A 2.3%
GOLDEN BEACH ~ 20 $423,750 -8.9% $442,500 5.5% -0.6%
KULUIN ~ 7 N/A N/A $420,000 24.1% 5.1%
LANDSBOROUGH 4 N/A N/A $347,500 -0.7% -3.9%
LANDSBOROUGH ^ ~ 8 N/A N/A $507,500 19.4% 10.9%
LITTLE MOUNTAIN 23 $496,000 4.9% $465,000 5.7% 2.0%
MALENY 7 N/A N/A $428,000 4.4% 0.7%
MALENY ^ ~ 5 N/A N/A $547,500 -9.6% N/A
MAPLETON 3 N/A N/A $385,250 N/A N/A
MARCOOLA 6 N/A N/A $480,000 0.0% 9.1%
MAROOCHYDORE 36 $455,000 0.2% $460,000 0.0% 6.2%
MERIDAN PLAINS 10 $475,000 N/A $475,000 10.5% 6.4%
MINYAMA ~ 11 $583,500 N/A $670,000 -21.8% -30.9%
MOFFAT BEACH ~ f 10 $605,000 N/A $610,000 22.0% 19.6%
MOOLOOLABA ~ f 21 $670,000 16.8% $595,000 3.6% 7.7%
MOOLOOLAH VALLEY 4 N/A N/A $400,000 12.7% 8.1%
MOOLOOLAH VALLEY ^ 2 N/A N/A $532,500 9.1% 4.9%
MOUNT COOLUM ~ 15 $515,000 N/A $486,000 17.1% 5.7%
MOUNTAIN CREEK 32 $541,500 3.1% $510,000 7.4% 7.4%
MUDJIMBA ~ 7 N/A N/A $553,000 20.2% 8.6%
NAMBOUR 37 $334,000 1.2% $328,750 5.5% -3.3%
PACIFIC PARADISE ~ 11 $400,000 N/A $387,500 16.5% 6.2%
PALMWOODS 17 $410,000 N/A $420,000 7.7% -2.3%
PALMWOODS ^ 6 N/A N/A $612,500 N/A -6.5%
PARREARRA 20 $547,500 3.8% $560,000 4.2% 10.0%
PELICAN WATERS 26 $687,500 -3.4% $650,000 11.6% 10.2%
PEREGIAN SPRINGS 30 $585,000 0.9% $570,000 8.4% 7.9%
SIPPY DOWNS 35 $440,000 0.0% $430,000 6.2% 0.0%
TANAWHA ^ 2 N/A N/A $735,000 N/A N/A
TWIN WATERS 16 $700,000 4.8% $667,500 6.8% 4.3%
WARANA 14 $530,000 -0.4% $499,000 9.9% 3.7%
WITTA ^ 3 N/A N/A $532,500 N/A N/A
WOOMBYE 14 $405,000 3.8% $405,000 6.6% 6.9%
WURTULLA ~ f 24 $480,000 8.5% $452,500 5.2% 4.4%
YAROOMBA 4 N/A N/A $482,500 1.2% -1.5%
SURROUNDS
NOOSA (LGA) ~ 159 $522,500 -5.7% $530,000 6.0% 7.1%
NOOSA (LGA) ^ 65 $515,000 3.0% $523,000 1.6% -2.2%
BLACK MOUNTAIN ^ 5 N/A N/A $485,500 N/A N/A
COOROIBAH ^ 5 N/A N/A $540,000 -8.6% N/A
COOROY 7 N/A N/A $407,500 3.3% 3.2%
DOONAN ^ 11 $620,000 3.3% $630,000 -3.1% -2.0%
LAKE MACDONALD ^ 2 N/A N/A $485,000 6.7% 9.9%
NOOSA HEADS 13 $651,000 1.7% $670,000 1.5% -0.9%
NOOSAVILLE 37 $732,500 -5.2% $695,000 -3.5% -5.3%
PEREGIAN BEACH ~ 11 $567,500 -7.7% $588,000 -1.6% 1.8%
POMONA 7 N/A N/A $330,000 N/A N/A
POMONA ^ 3 N/A N/A $460,000 0.5% -7.8%
SUNRISE BEACH 14 $625,000 0.8% $620,000 4.2% 2.5%
SUNSHINE BEACH 4 N/A N/A $1,027,500 12.3% 16.1%
TEWANTIN 53 $450,000 1.1% $437,250 8.0% 1.1%
SUNSHINE COAST (LGA) 499 $342,500 -1.8% $350,000 4.5% 0.9%
ALEXANDRA HEADLAND 25 $303,000 -6.0% $324,000 6.2% 1.3%
BATTERY HILL 11 $212,000 N/A $227,500 N/A -14.5%
BIRTINYA 12 $445,000 N/A $405,000 -3.6% N/A
BUDDINA 7 N/A N/A $380,500 15.0% -2.0%
BUDERIM ~ 45 $350,000 -12.5% $385,000 1.6% 6.9%
CALOUNDRA ~ f 22 $372,500 11.2% $353,000 0.6% -6.1%
COOLUM BEACH ~ 19 $328,750 -11.7% $345,000 1.0% 7.8%
CURRIMUNDI 5 N/A N/A $347,000 6.0% 1.0%
GOLDEN BEACH ~ f 17 $375,000 12.8% $375,000 19.5% 5.6%
KINGS BEACH 35 $330,000 -2.1% $360,000 9.4% -11.1%
MARCOOLA 13 $347,000 N/A $305,000 -3.9% -4.7%
MAROOCHYDORE 89 $367,500 -0.1% $350,500 -1.1% -1.6%
MINYAMA 4 N/A N/A $291,000 0.7% -3.0%
MOOLOOLABA 53 $362,000 3.4% $355,000 3.8% 1.4%
MOUNT COOLUM 13 $303,500 8.8% $285,000 -10.9% -5.8%
MOUNTAIN CREEK * f 17 $325,000 -16.7% $379,000 0.0% 35.4%
NAMBOUR ~ t 6 N/A N/A $211,500 -21.3% -18.7%
PARREARRA 13 $380,000 -3.6% $398,500 15.5% -20.0%
PELICAN WATERS 3 N/A N/A $453,000 1.8% 1.8%
PEREGIAN SPRINGS 5 N/A N/A $375,000 -11.8% -6.3%
TWIN WATERS 10 $451,000 N/A $476,000 1.3% -4.6%
WARANA 8 N/A N/A $311,000 5.2% 0.3%
SURROUNDS
NOOSA (LGA) 152 $395,000 9.4% $385,000 -1.3% -6.9%
NOOSA HEADS ~ f 53 $432,000 -9.1% $425,000 -12.2% -29.2%
NOOSAVILLE ~ 52 $370,000 10.4% $360,000 7.5% 3.6%
PEREGIAN BEACH ~ f 17 $380,000 13.4% $377,000 1.9% -8.6%
SUNRISE BEACH 4 N/A N/A $342,000 10.9% -8.1%
SUNSHINE BEACH ~ f 13 $780,000 44.4% $585,000 26.5% 5.1%
TEWANTIN 10 $240,000 -0.6% $280,500 -3.6% -5.7%
SUNSHINE COAST (LGA) 90 $242,000 3.0% $235,000 2.6% 0.0%
SUNSHINE COAST (LGA) ^ 29 $290,000 -7.2% $295,000 0.0% -7.8%
BIRTINYA ~ * 2 N/A N/A $269,000 -7.0% -5.4%
BLI BLI 1 N/A N/A $235,000 6.6% N/A
BUDERIM ~ * 2 N/A N/A $271,250 -8.7% -6.5%
CALOUNDRA WEST ~ 5 N/A N/A $194,000 9.0% -18.3%
LITTLE MOUNTAIN 2 N/A N/A $233,400 6.1% -9.3%
MALENY 5 N/A N/A $213,000 N/A -2.7%
MAROOCHYDORE ~ 7 N/A N/A $223,200 11.6% N/A
MERIDAN PLAINS 0 N/A N/A $201,900 N/A -6.9%
MOUNTAIN CREEK 3 N/A N/A $248,500 -0.4% 7.8%
PELICAN WATERS 6 N/A N/A $370,000 -0.7% 17.5%
PEREGIAN SPRINGS ~ * 8 N/A N/A $230,000 -11.5% -16.4%
YANDINA 1 N/A N/A $190,000 N/A N/A
SURROUNDS
NOOSA (LGA) 18 $247,750 -8.2% $264,000 -4.0% -4.9%
NOOSA (LGA) ^ 9 N/A N/A $292,000 N/A 0.7%
NOOSAVILLE 4 N/A N/A $275,000 -0.9% -6.5%
23
REGIONAL MARKET UPDATES
SEPTEMBER QUARTER 2014
RENTAL MARKET - 3 BED TOWNHOUSES
FRASER COAST
RENTAL MARKET - 3 BED HOUSESPOST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 2 BED UNITSPOST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
SUNSHINE COAST REGIONAL $400 782 $380 852
4518 GLASS HOUSE MOUNTAINS $355 7 $330 11
4519 BEERWAH $340 21 $310 22
4550 LANDSBOROUGH $310 12 $330 11
4551 AROONA $400 155 $380 138
4552 BALD KNOB $350 26 $360 26
4553 PALMVIEW $400 13 $365 13
4555 CHEVALLUM $380 14 $345 11
4556 BUDERIM $420 82 $400 100
4557 MOOLOOLABA $436 63 $410 56
4558 MAROOCHYDORE $400 53 $390 56
4559 DIDDILLIBAH $405 8 $360 11
4560 BLI BLI $360 83 $350 98
4561 BRIDGES $375 16 $360 16
4562 BELLI PARK $450 12 $420 19
4564 MARCOOLA $380 36 $400 45
4573 COOLUM BEACH $420 91 $395 77
4574 COOLABINE $300 5 N.A. 2
4575 BIRTINYA $430 81 $400 130
NOOSA SHIRE $420 141 $395 155
4565 BOREEN $400 43 $375 46
4566 NOOSAVILLE $460 20 $410 22
4567 CASTAWAYS BEACH $500 45 $445 41
4563 BLACK MOUNTAIN $380 10 $385 22
4568 FEDERAL $350 13 $350 8
4569 COORAN $320 8 $310 11
SUNSHINE COAST REGIONAL $320 823 $310 928
4551 AROONA $320 147 $300 166
4556 BUDERIM $320 41 $300 67
4557 MOOLOOLABA $320 124 $300 99
4558 MAROOCHYDORE $320 165 $320 198
4559 DIDDILLIBAH $280 9 $265 7
4560 BLI BLI $245 42 $235 62
4561 BRIDGES $235 8 $260 10
4564 MARCOOLA $350 52 $340 66
4572 ALEXANDRA HEADLAND $360 58 $325 57
4573 COOLUM BEACH $335 73 $320 87
4575 BIRTINYA $400 97 $385 92
NOOSA SHIRE $360 95 $330 120
4565 BOREEN $300 9 $295 6
4566 NOOSAVILLE $365 27 $320 32
4567 CASTAWAYS BEACH $360 57 $350 76
SUNSHINE COAST REGIONAL $370 186 $375 172
4551 AROONA $365 18 $365 23
4556 BUDERIM $395 25 $390 14
4557 MOOLOOLABA $400 52 $400 23
4558 MAROOCHYDORE $350 30 $355 34
4560 BLI BLI $330 11 $365 13
4564 MARCOOLA $385 17 $400 17
4573 COOLUM BEACH $360 18 $415 25
NOOSA SHIRE $490 34 $440 26
4566 NOOSAVILLE $550 11 $450 10
4567 CASTAWAYS BEACH $490 21 $420 14
Following a strong June quarter, sales volumes on the Fraser Coast remained unchanged over the three months to September, a trend experienced the same time last year.
Average vendor discounting also remained relatively unchanged, however there was some improvement in average days on market compared to three months earlier. This indicates the Fraser Coast is continuing to recover from the bottom of the cycle, albeit at a steady pace.
According to local agents overall confidence in the region remains robust, driven by improved local employment opportunities at the new hospital and Stockland shopping centre expansion. Local population growth remains healthy, with the region still being seen as a desirable place to live.
HOUSE MARKET
The Fraser Coast house market has continued to show a steady demand for affordable housing stock over the September quarter, particularly in Maryborough, where preliminary sales numbers were up on the previous quarter. Local agents say that this is typical at this time of year, however buyer enquiry levels have picked up over recent months with demand for affordably priced properties the most prominent.
Despite sales volumes stabilising over the quarter, the Fraser Coast’s median house price was relatively stable, up 0.5 per cent and over the year to September and the annual median up 1.7 per cent.
Average days on market for house sales also continue to improve slowly, down to an average 109 days over the year to September. Average vendor discounting improved by 0.5 percentage points to 7.6 per cent over the period.
According to local agents, the house market is definitely in recovery mode however there is still a long way to go.
UNIT MARKET
While the house market is slowly recovering, the unit market on the Fraser Coast is stabilising. Sales volumes over the September quarter eased nine per cent compared to the previous quarter. Over the quarter, the median sale price also eased, down 5.9 per cent on the back of a drop in activity at the upper end of the market. Sales in the sub-$250,000 bracket remained unchanged from the previous quarter.
HOUSES
166
770
1840
235 161
784
1900
274
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE CITY HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
1154 1157
472
18
1272 1256
480
21
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS HOUSE SALES (p)
JUN 14 SEP 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
65
480 548
84 66
575 516
101
<$350,000 $350,000+ $500,000+ $1m+
GOLD COAST HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
79
440
346
37 76
443 373
43
<$350,000 $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
139
41 9
182
39 7
<$350,000 $350,000+ $500,000+
BUNDABERG HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
146 193
64
208
265
95
<$350,000 $350,000+ $500,000+
CAIRNS & DOUGLAS HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
185
41 14
194
46 6
<$350,000 $350,000+ $500,000+
FRASER COAST HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
43
55
18
48 59
14
<$350,000 $350,000+ $500,000+
GLADSTONE HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
167 174
47
255
183
49
<$350,000 $350,000+ $500,000+
TOWNSVILLE HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
56
84
31
64
94
30
<$350,000 $350,000+ $500,000+
MACKAY HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
153
68
20
163
69
26
<$350,000 $350,000+ $500,000+
ROCKHAMPTON & LIVINGSTONE HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
294
184
60
296
208
56
<$350,000 $350,000+ $500,000+
TOOWOOMBA HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
24 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
FRASER COAST CONTINUED
UNITS
57
363
860
454
45 62
384
875
508
54
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE CITY UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
197
260
111
46 5
260 282
132
51 5
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS UNIT SALES (p)
JUN 14 SEP 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
273
520 451
290
36
296
560 457
276
59
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
GOLD COAST UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
105
197 177
105
27
108
203 194
112
21
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
9 8
2 2
19
10
4
0
<$250,000 $250,000+ $350,000+ $500,000+
BUNDABERG UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
137
63
17 14
222
81
33 19
<$250,000 $250,000+ $350,000+ $500,000+
CAIRNS & DOUGLAS UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
21
15
4 3
21
12
6
0
<$250,000 $250,000+ $350,000+ $500,000+
FRASER COAST UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
6 6 6
3 3 4
6
3
<$250,000 $250,000+ $350,000+ $500,000+
GLADSTONE UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
60
47
21 13
55
40
14 11
<$250,000 $250,000+ $350,000+ $500,000+
TOWNSVILLE UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
10 7 5 3
18
33
10 10
<$250,000 $250,000+ $350,000+ $500,000+
MACKAY UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
9
13 11
6
13 13
18
7
<$250,000 $250,000+ $350,000+ $500,000+
ROCKHAMPTON & LIVINGSTONE UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
43 36
18 7
38
62
14 5
<$250,000 $250,000+ $350,000+ $500,000+
TOOWOOMBA UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. LAND
43 40 40 31 29
57 49
24
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE CITY LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
379
71 36
3
341
59 22 9
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE SURROUNDS LAND SALES (p)
JUN 14 SEP 14Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
88
33
8 16
102
28 10 10
<$250,000 $250,000+ $350,000+ $500,000+
GOLD COAST LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
71
35
21 10
46
21 15
8
<$250,000 $250,000+ $350,000+ $500,000+
SUNSHINE COAST & NOOSA LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
40
1 0
49
2 0
<$250,000 $250,000+ $350,000+
BUNDABERG LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
56
9 1
81
16 4
<$250,000 $250,000+ $350,000+
CAIRNS & DOUGLAS LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
57
0 0
62
3 0
<$250,000 $250,000+ $350,000+
FRASER COAST LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
16
0 1
14
1 1
<$250,000 $250,000+ $350,000+
GLADSTONE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
41
6 1
28
1 3
<$250,000 $250,000+ $350,000+
MACKAY LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
52
5 0
77
5 0
<$250,000 $250,000+ $350,000+
ROCKHAMPTON & LIVINGSTONE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
24
2 2
60
3 4
<$250,000 $250,000+ $350,000+
TOOWOOMBA LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
84
5 2
106
6 4
<$250,000 $250,000+ $350,000+
TOWNSVILLE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
SALES MARKET - HOUSES
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
SALES MARKET - VACANT LAND
SALES MARKET - UNITS & TOWNHOUSES
In saying that, a recovery is not far away given the average vendor discounting rate has improved by 1.9 percentage points compared to the same time last year – the best improvement of all regional unit markets. Average days on market are also continuing to come down.
RENTAL MARKET
The Fraser Coast rental market, driven by steady population growth, continues to improve with vacancy rates at the end of September tightening to 2.1 per cent. This drop was attributed to a tightening of vacancies in Maryborough, where the vacancy rate dropped from 3.2 to 2.4 per cent over the three months to September. Hervey Bay remained unchanged at 1.9 per cent.
Local agents say the tightening in the rental market is the result of a shortage of available properties relative to demand. An increase in the number of sales of former investment properties to owner occupiers and increased migration to the area are other contributing factors.
According to figures from the RTA, the Fraser Coast region recorded modest increases in median weekly rents over the September quarter, with vacancy levels also remaining tight since the end of June. Given the relative affordability of house and unit sale prices in the region, current gross rental yields for houses on the Fraser Coast is the third highest of all major regional centres.
FRASER COAST (LGA) 247 $286,500 0.5% $295,000 1.7% 0.0%
FRASER COAST (LGA) ^ 69 $373,750 1.0% $370,000 1.4% -2.6%
BOORAL ^ 8 N/A N/A $372,000 N/A N/A
BURRUM HEADS 6 N/A N/A $385,000 8.5% -4.6%
ELI WATERS 17 $312,500 1.1% $321,500 4.5% -1.1%
KAWUNGAN 13 $330,000 -2.3% $329,390 0.0% 2.6%
MARYBOROUGH ~ 54 $215,000 14.4% $205,500 2.8% -11.8%
PIALBA 9 N/A N/A $300,000 9.1% 9.5%
POINT VERNON 17 $289,000 1.4% $300,000 -3.2% -2.6%
RIVER HEADS 5 N/A N/A $267,500 N/A N/A
SCARNESS 11 $285,000 6.5% $275,500 2.4% -1.6%
TINANA 5 N/A N/A $280,000 4.5% -6.7%
TOOGOOM 10 $335,250 N/A $300,575 7.7% -6.1%
TORQUAY 15 $305,000 -3.5% $326,000 3.5% 0.0%
URANGAN 24 $303,500 -3.7% $310,000 0.0% 0.2%
URRAWEEN 21 $340,000 3.2% $338,000 0.0% -3.8%
WONDUNNA 7 N/A N/A $423,750 N/A -1.5%
SURROUNDS
GYMPIE (LGA) 85 $250,000 -2.3% $256,000 -0.8% -8.6%
GYMPIE (LGA) ^ ~ 85 $290,000 -13.7% $326,000 0.3% -6.6%
CARTERS RIDGE ^ 7 N/A N/A $267,000 N/A N/A
COOLOOLA COVE ~ 10 $250,000 N/A $262,500 2.5% -15.3%
CURRA ^ 7 N/A N/A $257,000 -6.5% -7.2%
GYMPIE ~ 35 $235,000 6.8% $235,000 2.0% -11.3%
KANDANGA ^ 7 N/A N/A $250,000 N/A N/A
RAINBOW BEACH 6 N/A N/A $433,500 N/A N/A
SOUTHSIDE ~ 14 $286,250 -10.4% $306,500 -3.9% -5.4%
TIN CAN BAY ~ 7 N/A N/A $290,000 -9.4% -5.2%
SOUTH BURNETT (LGA) 52 $200,000 2.6% $200,000 0.0% -11.1%
SOUTH BURNETT (LGA) ^ 34 $245,000 -7.9% $245,000 -6.5% -9.3%
KINGAROY 22 $222,250 5.8% $230,000 -1.1% -9.3%
MURGON ~ 5 N/A N/A $140,000 -17.6% -20.5%
NANANGO ~ 16 $200,000 N/A $182,500 0.8% -13.1%
FRASER COAST (LGA) 39 $240,000 -5.9% $260,000 0.0% -7.1%
PIALBA ~ 6 N/A N/A $312,500 19.8% -3.5%
SCARNESS 3 N/A N/A $247,000 N/A -10.2%
TORQUAY 7 N/A N/A $241,250 12.2% -14.6%
URANGAN 16 $260,000 0.0% $260,000 -8.8% -18.4%
SURROUNDS
GYMPIE (LGA) 17 $260,000 N/A $271,022 N/A N/A
GYMPIE 7 N/A N/A $255,000 N/A N/A
FRASER COAST (LGA) ~ 65 $150,000 15.4% $147,250 7.1% 1.6%
FRASER COAST (LGA) ^ 19 $100,000 0.0% $85,000 3.7% -16.7%
GLENWOOD ^ 4 N/A N/A $70,000 -2.1% -12.5%
RIVER HEADS 6 N/A N/A $98,000 N/A N/A
TOOGOOM ~ f 6 N/A N/A $97,500 N/A -26.6%
WONDUNNA 15 $159,000 N/A $158,000 N/A -7.1%
SURROUNDS
GYMPIE (LGA) ~ 18 $126,500 15.0% $117,000 6.4% -4.1%
GYMPIE (LGA) ^ 19 $125,000 13.6% $120,000 0.0% -8.4%
GYMPIE ~ 4 N/A N/A $130,000 13.0% 22.6%
25
REGIONAL MARKET UPDATES
SEPTEMBER QUARTER 2014
RENTAL MARKET - 3 BED TOWNHOUSES
BUNDABERG
RENTAL MARKET - 3 BED HOUSESPOST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 2 BED UNITSPOST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
FRASER COAST REGIONAL $280 323 $280 365
4650 ALDERSHOT $260 103 $255 144
4655 BOORAL $290 200 $290 197
4659 BEELBI CREEK $280 19 $260 22
GYMPIE REGIONAL $260 191 $255 175
4570 AMAMOOR $253 142 $260 129
4580 COOLOOLA $270 29 $255 30
4581 EURONG $280 10 $250 7
4600 BLACK SNAKE $165 7 N.A. 4
SOUTH BURNETT REGIONAL $230 148 $230 129
4605 BARLIL $200 24 $195 12
4606 CHARLESTOWN $220 14 $215 11
4608 CHARLESTOWN $225 6 $225 5
4610 ALICE CREEK $250 62 $245 74
4615 BARKER CREEK FLAT $230 39 $230 23
FRASER COAST REGIONAL $235 173 $225 152
4650 ALDERSHOT $190 44 $180 40
4655 BOORAL $250 125 $240 108
GYMPIE REGIONAL $204 69 $200 61
4570 AMAMOOR $200 50 $200 40
4580 COOLOOLA $210 6 $200 8
4581 EURONG $250 13 $230 11
SOUTH BURNETT REGIONAL $185 54 $180 41
4605 BARLIL $185 5 N.A. 4
4606 CHARLESTOWN $175 6 N.A. 3
4610 ALICE CREEK $200 36 $185 33
4615 BARKER CREEK FLAT $160 7 N.A. 1
FRASER COAST REGIONAL $325 51 $300 68
4655 BOORAL $325 49 $300 65
GYMPIE REGIONAL $265 10 $280 7
4570 AMAMOOR $270 7 $330 5
Bundaberg real estate is on the verge of a renaissance as buyers grow more confident amid improving market sentiment and a local economy starting to show green shoots of recovery.
Investors and first home buyers are playing an increasingly active role in the local real estate market as a series of key economic development projects get underway in the city.
An expansion of the Port of Bundaberg and the increased presence of a number of major retailers are fuelling hopes of renewed population growth as the city continues to rebound from the 2013 floods.
HOUSE MARKET
House sales volumes in Bundaberg were up an impressive 19 per cent in the September quarter, the third highest of any Queensland regional centre. There was also double digit growth in acreage sales (10 per cent) and unit and townhouse sales (13 per cent).
Average days on market crept up slightly in the September quarter to 89 days but they are still lower than the corresponding period last year.
Average vendor discounting was also slightly up at 7.6 per cent in the three months to September, a full two percentage points lower compared to September 2013.
Despite rising sales volumes, median house prices in Bundaberg eased 5.3 per cent to $268,995 in the three months to September. This easing trend is the result of a rising volume of sales at the lower end of the market, particularly in the sub $350,000 price bracket.
Local agents confirm buyers are most active in the sub-$350,000 price bracket, with first home buyers and investors eyeing potential capital growth.
According to the REIQ’s price point data, sub-$350,000 sales were up 30 per cent in the September quarter, with sales relatively steady in the $350,000-plus and $500,000-plus price brackets.
Some suburbs recorded impressive price growth over the quarter, including Bundaberg North (7.6 per cent), Norville (6.4 per cent) and Walkervale (six per cent).
UNIT MARKET
Bundaberg’s unit and townhouse market recorded a 13 per cent increase in sale volumes in the three months to September.
The strongest growth in sale volumes was at the lower end of the market, with sales more than doubling in the sub-$250,000 price bracket.
Sale volumes in the $250,000-plus price brackets recorded modest increases, however the concentration of activity at the lower end of the market saw median unit prices ease 12.1 per cent to $235,000.
RENTAL MARKET
According to the REIQ’s latest rental survey, Bundaberg has one of the stronger rental markets in regional Queensland.
The survey shows the local rental market has moved into healthy conditions with a vacancy rate of 2.9 per cent, down one point from the previous quarter.
Local agents say an oversupply of rental properties is starting to clear amid expectations of better investor returns in an improving market heading into 2015.
26 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
UNITS
57
363
860
454
45 62
384
875
508
54
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE CITY UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
197
260
111
46 5
260 282
132
51 5
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS UNIT SALES (p)
JUN 14 SEP 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
273
520 451
290
36
296
560 457
276
59
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
GOLD COAST UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
105
197 177
105
27
108
203 194
112
21
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
9 8
2 2
19
10
4
0
<$250,000 $250,000+ $350,000+ $500,000+
BUNDABERG UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
137
63
17 14
222
81
33 19
<$250,000 $250,000+ $350,000+ $500,000+
CAIRNS & DOUGLAS UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
21
15
4 3
21
12
6
0
<$250,000 $250,000+ $350,000+ $500,000+
FRASER COAST UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
6 6 6
3 3 4
6
3
<$250,000 $250,000+ $350,000+ $500,000+
GLADSTONE UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
60
47
21 13
55
40
14 11
<$250,000 $250,000+ $350,000+ $500,000+
TOWNSVILLE UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
10 7 5 3
18
33
10 10
<$250,000 $250,000+ $350,000+ $500,000+
MACKAY UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
9
13 11
6
13 13
18
7
<$250,000 $250,000+ $350,000+ $500,000+
ROCKHAMPTON & LIVINGSTONE UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
43 36
18 7
38
62
14 5
<$250,000 $250,000+ $350,000+ $500,000+
TOOWOOMBA UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
LAND
43 40 40 31 29
57 49
24
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE CITY LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
379
71 36
3
341
59 22 9
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE SURROUNDS LAND SALES (p)
JUN 14 SEP 14Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
88
33
8 16
102
28 10 10
<$250,000 $250,000+ $350,000+ $500,000+
GOLD COAST LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
71
35
21 10
46
21 15
8
<$250,000 $250,000+ $350,000+ $500,000+
SUNSHINE COAST & NOOSA LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
40
1 0
49
2 0
<$250,000 $250,000+ $350,000+
BUNDABERG LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
56
9 1
81
16 4
<$250,000 $250,000+ $350,000+
CAIRNS & DOUGLAS LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
57
0 0
62
3 0
<$250,000 $250,000+ $350,000+
FRASER COAST LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
16
0 1
14
1 1
<$250,000 $250,000+ $350,000+
GLADSTONE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
41
6 1
28
1 3
<$250,000 $250,000+ $350,000+
MACKAY LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
52
5 0
77
5 0
<$250,000 $250,000+ $350,000+
ROCKHAMPTON & LIVINGSTONE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
24
2 2
60
3 4
<$250,000 $250,000+ $350,000+
TOOWOOMBA LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
84
5 2
106
6 4
<$250,000 $250,000+ $350,000+
TOWNSVILLE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
RENTAL MARKET - 3 BED TOWNHOUSES
SALES MARKET - VACANT LAND
SALES MARKET - UNITS & TOWNHOUSES
RENTAL MARKET - 2 BED UNITS
HOUSES
166
770
1840
235 161
784
1900
274
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE CITY HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
1154 1157
472
18
1272 1256
480
21
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS HOUSE SALES (p)
JUN 14 SEP 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
65
480 548
84 66
575 516
101
<$350,000 $350,000+ $500,000+ $1m+
GOLD COAST HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
79
440
346
37 76
443 373
43
<$350,000 $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
139
41 9
182
39 7
<$350,000 $350,000+ $500,000+
BUNDABERG HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
146 193
64
208
265
95
<$350,000 $350,000+ $500,000+
CAIRNS & DOUGLAS HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
185
41 14
194
46 6
<$350,000 $350,000+ $500,000+
FRASER COAST HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
43
55
18
48 59
14
<$350,000 $350,000+ $500,000+
GLADSTONE HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
167 174
47
255
183
49
<$350,000 $350,000+ $500,000+
TOWNSVILLE HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
56
84
31
64
94
30
<$350,000 $350,000+ $500,000+
MACKAY HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
153
68
20
163
69
26
<$350,000 $350,000+ $500,000+
ROCKHAMPTON & LIVINGSTONE HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
294
184
60
296
208
56
<$350,000 $350,000+ $500,000+
TOOWOOMBA HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
SALES MARKET - HOUSES
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
RENTAL MARKET - 3 BED HOUSESPOST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
BUNDABERG (LGA) ~ 34 $235,000 -12.1% $249,500 1.8% -2.5%
BARGARA 8 N/A N/A $328,500 6.3% -0.5%
BUNDABERG (LGA) 51 $144,000 0.0% $144,000 0.0% 9.1%
BUNDABERG (LGA) ^ 6 N/A N/A $142,500 1.8% -1.7%
BARGARA 7 N/A N/A $169,900 6.2% -4.0%
BRANYAN ^ 4 N/A N/A $143,250 2.3% N/A
BURNETT HEADS 2 N/A N/A $101,500 N/A N/A
INNES PARK 11 $125,000 N/A $123,000 2.9% N/A
MOORE PARK BEACH 10 $144,000 N/A $144,000 0.0% N/A
BUNDABERG REGIONAL $285 331 $285 342
4660 ABINGTON $255 14 $260 26
4670 ABBOTSFORD $290 305 $290 299
4671 BOOLBOONDA $250 12 $250 17
NORTH BURNETT REGIONAL $235 39 $220 51
4625 ARANBANGA $245 13 $250 15
4626 BEERON $250 12 $250 18
4630 BANCROFT $190 9 $160 10
BUNDABERG REGIONAL $230 179 $230 188
4670 ABBOTSFORD $230 172 $230 184
NORTH BURNETT REGIONAL $180 11 N.A. 4
4625 ARANBANGA $176 10 N.A. 4
BUNDABERG REGIONAL $320 16 $300 11
4670 ABBOTSFORD $325 15 $300 9
BUNDABERG (LGA) 232 $268,995 -5.3% $279,000 1.5% 2.2%
BUNDABERG (LGA) ^ ~ 58 $320,000 -10.5% $350,000 3.2% 7.7%
AVENELL HEIGHTS 23 $264,000 N/A $278,000 -0.5% -1.5%
AVOCA 8 N/A N/A $310,000 0.3% 1.5%
BARGARA 28 $365,000 -2.7% $369,000 -0.3% 6.2%
BRANYAN ^ 6 N/A N/A $389,000 8.1% 8.1%
BUNDABERG EAST 5 N/A N/A $260,000 2.0% -7.2%
BUNDABERG NORTH 18 $247,500 7.6% $214,500 4.6% -9.1%
BUNDABERG SOUTH 11 $265,000 6.0% $225,000 -2.2% -6.1%
BURNETT HEADS ~ 6 N/A N/A $282,500 10.1% 2.7%
ELLIOTT HEADS 5 N/A N/A $295,000 -4.7% N/A
KALKIE 9 N/A N/A $329,000 -4.6% -0.3%
KEPNOCK 21 $286,000 1.2% $268,000 -0.4% -2.5%
MILLBANK 4 N/A N/A $250,000 0.4% 2.9%
NORVILLE 10 $227,750 6.4% $235,000 -5.2% -2.1%
SVENSSON HEIGHTS ~ 11 $250,000 -11.3% $258,500 2.2% 3.4%
THABEBAN 9 N/A N/A $279,500 0.7% 5.5%
WALKERVALE 13 $245,500 6.0% $230,000 -2.1% 0.4%
SURROUNDS
NORTH BURNETT (LGA) ~ 13 $175,000 25.0% $148,750 -6.7% -9.8%
GAYNDAH 4 N/A N/A $180,000 -9.1% 7.8%
Bundaberg real estate is on the verge of a renaissance as buyers grow more confident...
27
REGIONAL MARKET UPDATES
SEPTEMBER QUARTER 2014
GLADSTONE
HOUSES
166
770
1840
235 161
784
1900
274
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE CITY HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
1154 1157
472
18
1272 1256
480
21
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS HOUSE SALES (p)
JUN 14 SEP 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
65
480 548
84 66
575 516
101
<$350,000 $350,000+ $500,000+ $1m+
GOLD COAST HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
79
440
346
37 76
443 373
43
<$350,000 $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
139
41 9
182
39 7
<$350,000 $350,000+ $500,000+
BUNDABERG HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
146 193
64
208
265
95
<$350,000 $350,000+ $500,000+
CAIRNS & DOUGLAS HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
185
41 14
194
46 6
<$350,000 $350,000+ $500,000+
FRASER COAST HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
43
55
18
48 59
14
<$350,000 $350,000+ $500,000+
GLADSTONE HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
167 174
47
255
183
49
<$350,000 $350,000+ $500,000+
TOWNSVILLE HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
56
84
31
64
94
30
<$350,000 $350,000+ $500,000+
MACKAY HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
153
68
20
163
69
26
<$350,000 $350,000+ $500,000+
ROCKHAMPTON & LIVINGSTONE HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
294
184
60
296
208
56
<$350,000 $350,000+ $500,000+
TOOWOOMBA HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
UNITS
57
363
860
454
45 62
384
875
508
54
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE CITY UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
197
260
111
46 5
260 282
132
51 5
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS UNIT SALES (p)
JUN 14 SEP 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
273
520 451
290
36
296
560 457
276
59
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
GOLD COAST UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
105
197 177
105
27
108
203 194
112
21
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
9 8
2 2
19
10
4
0
<$250,000 $250,000+ $350,000+ $500,000+
BUNDABERG UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
137
63
17 14
222
81
33 19
<$250,000 $250,000+ $350,000+ $500,000+
CAIRNS & DOUGLAS UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
21
15
4 3
21
12
6
0
<$250,000 $250,000+ $350,000+ $500,000+
FRASER COAST UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
6 6 6
3 3 4
6
3
<$250,000 $250,000+ $350,000+ $500,000+
GLADSTONE UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
60
47
21 13
55
40
14 11
<$250,000 $250,000+ $350,000+ $500,000+
TOWNSVILLE UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
10 7 5 3
18
33
10 10
<$250,000 $250,000+ $350,000+ $500,000+
MACKAY UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
9
13 11
6
13 13
18
7
<$250,000 $250,000+ $350,000+ $500,000+
ROCKHAMPTON & LIVINGSTONE UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
43 36
18 7
38
62
14 5
<$250,000 $250,000+ $350,000+ $500,000+
TOOWOOMBA UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
LAND
43 40 40 31 29
57 49
24
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE CITY LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
379
71 36
3
341
59 22 9
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE SURROUNDS LAND SALES (p)
JUN 14 SEP 14Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
88
33
8 16
102
28 10 10
<$250,000 $250,000+ $350,000+ $500,000+
GOLD COAST LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
71
35
21 10
46
21 15
8
<$250,000 $250,000+ $350,000+ $500,000+
SUNSHINE COAST & NOOSA LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
40
1 0
49
2 0
<$250,000 $250,000+ $350,000+
BUNDABERG LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
56
9 1
81
16 4
<$250,000 $250,000+ $350,000+
CAIRNS & DOUGLAS LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
57
0 0
62
3 0
<$250,000 $250,000+ $350,000+
FRASER COAST LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
16
0 1
14
1 1
<$250,000 $250,000+ $350,000+
GLADSTONE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
41
6 1
28
1 3
<$250,000 $250,000+ $350,000+
MACKAY LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
52
5 0
77
5 0
<$250,000 $250,000+ $350,000+
ROCKHAMPTON & LIVINGSTONE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
24
2 2
60
3 4
<$250,000 $250,000+ $350,000+
TOOWOOMBA LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
84
5 2
106
6 4
<$250,000 $250,000+ $350,000+
TOWNSVILLE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
With the first phase of LNG exports due to get underway from the Port of Gladstone in 2015, hopes are high that the regional economy is set to embark on a new phase of growth.
Local agents report the Gladstone market continues to return to normality after the frenzy of activity over the last two years, largely driven by external marketeers.
They also point to new community infrastructure recently completed at Eastern Shores as further evidence that Gladstone could be poised for a strong real estate recovery.
HOUSE MARKET
House sale volumes in Gladstone recorded impressive double digit growth of 11 per cent in the September quarter, with unit and townhouse easing four per cent. Acreage sales recorded very healthy growth of 14 per cent in this period.
Average days on market were down to 114 days in Gladstone in the three months to September, their lowest level at any time since 2013.
Average vendor discounting was steady at 9.8 per cent in the September quarter and down marginally since the same time in 2013.
Gladstone’s median house price eased 4.1 per cent to $374,000 in the September quarter, driven by an increase in transactions at the middle-to-lower end of the market.
The REIQ’s price point data confirms this market trend, showing increases in both the sub-$350,000 and $350,000-plus price brackets. Sale volumes were down in the $500,000-plus category.
Sales volumes rose a healthy 10 per cent in Agnes Water in the September quarter, with some suburbs also recording healthy median price increases during this period. These included Boyne Island (11.5 per cent) and West Gladstone (10.4 per cent).
UNIT MARKET
While Gladstone unit and townhouse sale volumes eased four per cent in the three months to September, the city nonetheless recorded an impressive rise in median prices.
The median unit price in Gladstone was up 12.1 per cent to $370,000 in the September quarter, spurred by a drop in lower-to-middle end sale volumes.
Unit sale volumes halved in the sub-$250,000 price bracket in the September quarter, with transactions in the $250,000-to-$350,000 price bracket down two-thirds.
Sale volumes were steady in the $350,000-plus and $500,000-plus price brackets, with local agents confirming buyer interest was strongest in these categories.
RENTAL MARKET
Gladstone’s rental market remains weak, with an oversupply of properties pushing up the vacancy rate.
According to the REIQ’s latest rental survey, the residential vacancy rate in Gladstone was 4.7 per cent in the September quarter – down from 5.6 per cent the previous quarter.
Local agents are cautiously optimistic the rebounding local economy will result in stronger tenant demand and a healthier rental market in the New Year.
28 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
ROCKHAMPTON
RENTAL MARKET - 3 BED TOWNHOUSES
SALES MARKET - UNITS & TOWNHOUSES
RENTAL MARKET - 2 BED UNITS
HOUSES
166
770
1840
235 161
784
1900
274
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE CITY HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
1154 1157
472
18
1272 1256
480
21
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS HOUSE SALES (p)
JUN 14 SEP 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
65
480 548
84 66
575 516
101
<$350,000 $350,000+ $500,000+ $1m+
GOLD COAST HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
79
440
346
37 76
443 373
43
<$350,000 $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
139
41 9
182
39 7
<$350,000 $350,000+ $500,000+
BUNDABERG HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
146 193
64
208
265
95
<$350,000 $350,000+ $500,000+
CAIRNS & DOUGLAS HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
185
41 14
194
46 6
<$350,000 $350,000+ $500,000+
FRASER COAST HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
43
55
18
48 59
14
<$350,000 $350,000+ $500,000+
GLADSTONE HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
167 174
47
255
183
49
<$350,000 $350,000+ $500,000+
TOWNSVILLE HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
56
84
31
64
94
30
<$350,000 $350,000+ $500,000+
MACKAY HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
153
68
20
163
69
26
<$350,000 $350,000+ $500,000+
ROCKHAMPTON & LIVINGSTONE HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
294
184
60
296
208
56
<$350,000 $350,000+ $500,000+
TOOWOOMBA HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
SALES MARKET - HOUSES
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
RENTAL MARKET - 3 BED HOUSESPOST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
SALES MARKET - VACANT LAND
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
GLADSTONE 132 $374,000 -4.1% $400,000 -8.3% 9.6%
GLADSTONE ^ ~ 35 $465,000 34.8% $472,500 -14.1% 7.4%
AGNES WATER ^ ~ 4 N/A N/A $340,000 -17.1% N/A
BOYNE ISLAND ~ 16 $445,000 11.5% $431,250 -9.7% 10.6%
CALLIOPE 7 N/A N/A $417,500 -4.0% 9.9%
CLINTON ~ 18 $340,000 -7.1% $375,000 -10.7% 2.7%
GLEN EDEN ~ 8 N/A N/A $412,000 -18.0% -10.4%
KIN KORA 5 N/A N/A $370,000 -8.6% 3.1%
KIRKWOOD ~ 7 N/A N/A $460,000 -12.2% N/A
NEW AUCKLAND ~ 14 $354,000 N/A $395,000 -10.2% 3.3%
SOUTH GLADSTONE ~ 13 $335,000 N/A $355,500 -12.2% 7.4%
TANNUM SANDS 13 $483,000 -4.5% $493,500 0.7% 11.8%
TELINA 8 N/A N/A $402,500 -8.5% 6.8%
WEST GLADSTONE ~ 12 $362,500 10.4% $372,500 -10.0% 17.3%
SURROUNDS
BANANA (LGA) 22 $271,500 6.5% $272,000 4.6% 3.8%
BILOELA ~ 14 $318,250 14.1% $310,000 14.8% 8.8%
GLADSTONE (LGA) ~ t 17 $370,000 12.1% $354,000 10.6% 11.5%
AGNES WATER 6 N/A N/A $323,000 -0.9% -22.2%
GLADSTONE CENTRAL 5 N/A N/A $437,500 0.6% N/A
GLADSTONE (LGA) ~ 16 $214,000 25.9% $220,000 4.8% 25.7%
GLADSTONE (LGA) ^ 8 N/A N/A $210,000 -18.0% 2.4%
AGNES WATER 3 N/A N/A $216,500 N/A N/A
KIRKWOOD ~ * 2 N/A N/A $230,000 -7.8% 28.5%
GLADSTONE REGIONAL $320 295 $430 264
4677 AGNES WATER $300 6 $320 17
4680 GLADSTONE $320 280 $440 238
BANANA SHIRE $300 60 $310 66
4715 BILOELA $330 23 $340 24
4718 BAUHINIA $250 30 $280 30
GLADSTONE REGIONAL $250 238 $370 201
4680 GLADSTONE $250 237 $370 198
BANANA SHIRE $250 22 $265 26
4715 BILOELA $260 13 $265 20
4718 BAUHINIA $200 8 $200 5
GLADSTONE REGIONAL $350 98 $480 86
4680 GLADSTONE $350 96 $480 86
Rockhampton’s real estate market is set to enter the recovery phase, with a potential upswing in the rural sector expected to feed into the broader economy.
Local agents are increasingly confident about the future prospets of the local real estate market if, as expected, the imminent export of LNG from Central Queensland helps to spark a wider regional economic recovery.
HOUSE MARKET
House sale volumes rose steadily in the September quarter along with unit and townhouse sales. Acreage sales recorded double digit growth of 11 per cent.
Average days on market crept up slightly in the September quarter to 88 days but they are still lower than the corresponding period last year. Average vendor discounting was relatively steady at 7.9 per cent in the three months to September and still almost two percentage points lower compared to September 2013.
Sale volumes increased six per cent in Rockhampton in the three months to September, with the median sale price easing 3.6 per cent to $305,000.
This easing reflects the higher volume of transactions at the lower end of the market, most notably in the sub-$350,000 price bracket.
Sales in the sub-$350,000 price bracket accounted for almost two-thirds of all transactions in the September quarter, with local agents reporting a high level of inquiries in this category.
There were also small increases in the $350,000-plus and $500,000-plus price brackets.
Some suburbs including Norman Gardens (13.7 per cent) and Wandal (5.3 per cent) recorded impressive price growth in the three months to September.
UNIT MARKET
Rockhampton unit and townhouse sales recorded a solid increase in volume in the September quarter, rising eight per cent.
Median unit prices held relatively steady at $415,000, with local agents reporting buyer interest by far the strongest around this price point.
Sales in the $250,000-$350,000 price bracket held steady, with sub-$250,000 and $500,000-plus sales also registering healthy growth.
29
REGIONAL MARKET UPDATES
SEPTEMBER QUARTER 2014
UNITS
57
363
860
454
45 62
384
875
508
54
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE CITY UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
197
260
111
46 5
260 282
132
51 5
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS UNIT SALES (p)
JUN 14 SEP 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
273
520 451
290
36
296
560 457
276
59
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
GOLD COAST UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
105
197 177
105
27
108
203 194
112
21
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
9 8
2 2
19
10
4
0
<$250,000 $250,000+ $350,000+ $500,000+
BUNDABERG UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
137
63
17 14
222
81
33 19
<$250,000 $250,000+ $350,000+ $500,000+
CAIRNS & DOUGLAS UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
21
15
4 3
21
12
6
0
<$250,000 $250,000+ $350,000+ $500,000+
FRASER COAST UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
6 6 6
3 3 4
6
3
<$250,000 $250,000+ $350,000+ $500,000+
GLADSTONE UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
60
47
21 13
55
40
14 11
<$250,000 $250,000+ $350,000+ $500,000+
TOWNSVILLE UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
10 7 5 3
18
33
10 10
<$250,000 $250,000+ $350,000+ $500,000+
MACKAY UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
9
13 11
6
13 13
18
7
<$250,000 $250,000+ $350,000+ $500,000+
ROCKHAMPTON & LIVINGSTONE UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
43 36
18 7
38
62
14 5
<$250,000 $250,000+ $350,000+ $500,000+
TOOWOOMBA UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
LAND
43 40 40 31 29
57 49
24
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE CITY LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
379
71 36
3
341
59 22 9
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE SURROUNDS LAND SALES (p)
JUN 14 SEP 14Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
88
33
8 16
102
28 10 10
<$250,000 $250,000+ $350,000+ $500,000+
GOLD COAST LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
71
35
21 10
46
21 15
8
<$250,000 $250,000+ $350,000+ $500,000+
SUNSHINE COAST & NOOSA LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
40
1 0
49
2 0
<$250,000 $250,000+ $350,000+
BUNDABERG LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
56
9 1
81
16 4
<$250,000 $250,000+ $350,000+
CAIRNS & DOUGLAS LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
57
0 0
62
3 0
<$250,000 $250,000+ $350,000+
FRASER COAST LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
16
0 1
14
1 1
<$250,000 $250,000+ $350,000+
GLADSTONE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
41
6 1
28
1 3
<$250,000 $250,000+ $350,000+
MACKAY LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
52
5 0
77
5 0
<$250,000 $250,000+ $350,000+
ROCKHAMPTON & LIVINGSTONE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
24
2 2
60
3 4
<$250,000 $250,000+ $350,000+
TOOWOOMBA LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
84
5 2
106
6 4
<$250,000 $250,000+ $350,000+
TOWNSVILLE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
SALES MARKET - HOUSES
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
SALES MARKET - VACANT LAND
SALES MARKET - UNITS & TOWNHOUSES
ROCKHAMPTON CONTINUED
RENTAL MARKET
Rockhampton’s sluggish rental market is showing signs of improvement heading into 2015.
According to the REIQ’s latest rental survey, the residential vacancy rate in Rockhampton was 4.1 per cent in the September quarter – down from 4.8 per cent the previous quarter.
Local agents say the oversupply of rental stock is clearing and there are no significant additions to the local market due to come online in the near future.
They say it’s still largely a renters market and haven’t ruled out the possible return to a more healthy rental market in 2015.
ROCKHAMPTON (LGA) ~ 46 $183,900 7.9% $170,000 11.1% 36.0%
GRACEMERE ~ * 7 N/A N/A $148,139 0.1% 34.7%
NORMAN GARDENS 30 $185,900 N/A $179,950 0.0% 6.5%
CENTRAL HIGHLANDS (LGA) ~ 3 N/A N/A $156,250 0.8% 42.0%
EMERALD 3 N/A N/A $155,000 0.0% 24.0%
LIVINGSTONE (LGA) 36 $175,000 1.2% $172,000 1.2% 7.5%
LIVINGSTONE (LGA) ^ 14 N/A N/A $235,000 2.2% 9.3%
PARKHURST 5 N/A N/A $172,000 1.8% N/A
YEPPOON 7 N/A N/A $178,899 -0.6% 4.0%
ZILZIE 3 N/A N/A $170,000 -2.9% 6.3%
RENTAL MARKET - 3 BED HOUSESPOST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
ROCKHAMPTON REGIONAL $300 317 $340 428
4700 ALLENSTOWN $300 99 $320 84
4701 BERSERKER $310 201 $335 163
4714 BAREE $200 16 $210 12
LIVINGSTONE SHIRE $307 175 $0 0
4702 ALBERTA $300 73 $335 75
4703 ADELAIDE PARK $330 74 $355 75
4710 EMU PARK $300 27 $340 19
CENTRAL HIGHLANDS REGIONAL $250 123 $330 181
4717 BLACKWATER $250 61 $330 91
4720 EMERALD $270 57 $350 80
ROCKHAMPTON (LGA) 169 $305,000 -3.6% $311,250 -2.7% 6.8%
ROCKHAMPTON (LGA) ^ 21 $350,000 N/A $380,000 0.3% -0.3%
ALLENSTOWN 7 N/A N/A $270,000 3.8% 13.0%
FRENCHVILLE 28 $345,500 2.1% $345,000 0.0% 7.8%
GRACEMERE 22 $310,000 -3.0% $320,000 -5.9% 0.3%
KAWANA 7 N/A N/A $320,000 2.2% 8.8%
KOONGAL 15 $276,250 N/A $272,250 2.4% 4.7%
MOUNT MORGAN ~ 6 N/A N/A $112,500 -18.5% -19.6%
NORMAN GARDENS ~ 25 $415,000 13.7% $380,000 -5.0% 6.7%
PARK AVENUE 12 $258,000 -4.4% $279,500 3.5% 13.8%
THE RANGE 13 $400,000 2.4% $362,500 0.7% 10.9%
WANDAL 12 $300,000 5.3% $285,000 0.0% 1.8%
WEST ROCKHAMPTON 9 N/A N/A $255,000 -3.8% 2.4%
SURROUNDS
CENTRAL HIGHLANDS (LGA) ~ 30 $305,000 -18.1% $350,000 -16.7% 6.1%
EMERALD ~ 24 $369,000 -1.6% $367,000 -14.7% 1.7%
LIVINGSTONE (LGA) 98 $319,500 -3.2% $343,250 -1.1% 6.9%
LIVINGSTONE (LGA) ^ 38 $520,000 8.3% $512,500 5.7% 12.5%
BERSERKER 27 $225,000 -5.9% $235,000 -6.0% -4.1%
EMU PARK 6 N/A N/A $340,000 4.6% 10.4%
LAMMERMOOR 6 N/A N/A $468,500 6.5% 7.7%
ROCKYVIEW ^ 8 N/A N/A $550,000 N/A N/A
TARANGANBA 5 N/A N/A $410,000 7.9% 7.9%
YEPPOON ~ 16 $360,000 9.1% $360,000 -11.4% 3.2%
ZILZIE 6 N/A N/A $370,000 -3.1% 0.0%
ROCKHAMPTON (LGA) 25 $415,000 -0.6% $358,500 23.6% 32.8%
ROCKHAMPTON CITY 11 $450,000 3.2% $439,462 N/A -14.7%
SURROUNDS
LIVINGSTONE (LGA) 26 $304,500 5.9% $339,500 9.9% 17.1%
YEPPOON 14 $263,250 N/A $324,500 -0.2% 10.0%
Rockhampton’s real estate market is set to enter the recovery phase...
30 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
MACKAY
RENTAL MARKET - 2 BED UNITSPOST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
HOUSES
166
770
1840
235 161
784
1900
274
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE CITY HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
1154 1157
472
18
1272 1256
480
21
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS HOUSE SALES (p)
JUN 14 SEP 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
65
480 548
84 66
575 516
101
<$350,000 $350,000+ $500,000+ $1m+
GOLD COAST HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
79
440
346
37 76
443 373
43
<$350,000 $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
139
41 9
182
39 7
<$350,000 $350,000+ $500,000+
BUNDABERG HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
146 193
64
208
265
95
<$350,000 $350,000+ $500,000+
CAIRNS & DOUGLAS HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
185
41 14
194
46 6
<$350,000 $350,000+ $500,000+
FRASER COAST HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
43
55
18
48 59
14
<$350,000 $350,000+ $500,000+
GLADSTONE HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
167 174
47
255
183
49
<$350,000 $350,000+ $500,000+
TOWNSVILLE HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
56
84
31
64
94
30
<$350,000 $350,000+ $500,000+
MACKAY HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
153
68
20
163
69
26
<$350,000 $350,000+ $500,000+
ROCKHAMPTON & LIVINGSTONE HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
294
184
60
296
208
56
<$350,000 $350,000+ $500,000+
TOOWOOMBA HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
ROCKHAMPTON REGIONAL $230 185 $260 272
4700 ALLENSTOWN $240 56 $250 63
4701 BERSERKER $230 129 $250 131
LIVINGSTONE SHIRE $270 71 $0 0
4702 ALBERTA $200 7 $200 6
4703 ADELAIDE PARK $280 63 $300 69
CENTRAL HIGHLANDS REGIONAL $220 69 $290 72
4717 BLACKWATER $60 8 $200 9
4720 EMERALD $220 59 $290 60
ROCKHAMPTON REGIONAL $300 7 $380 9
4701 BERSERKER $300 5 N.A. 1
LIVINGSTONE SHIRE $465 11 $0 0
4702 ALBERTA $550 7 N.A. 4
CENTRAL HIGHLANDS REGIONAL $300 17 $340 19
4720 EMERALD $290 16 $320 12
Mackay’s real estate market appears to be stabilising as local agents find renewed grounds for cautious optimism that better times are ahead in 2015.
While the city’s rental vacancy rate is still the highest in the state and the local economy continues to face tough conditions, some key indicators are pointing to a potential recovery.
House sale volumes recorded an impressive 14 per cent rise in the three months to September, with unit sales also posting an increase in activity.
There’s growing confidence that the local economic cycle has bottomed out, as important infrastructure projects including a new airport motel add to the sense of optimism in the region.
The Diversify Mackay Leadership Alliance comprising key business, industry and education groups is also adding impetus to the potential economic recovery.
Local agents believe the Mackay real estate market may be nearing the bottom of the cycle and that there is real potential for improved sales volumes heading into 2015.
HOUSE MARKET
Average days on market crept up slightly in the September quarter to 96, with average vendor discounting also slightly up at 9.1 per cent.
While the median sale price in Mackay eased one per cent in the September quarter to $391,000, some suburbs recorded impressive growth in this period.
The median house price in North Mackay was up an impressive of 20.4 per cent to $494,000 in the three months to September.
Buyers at the middle-to-lower end of the market were most active in the September quarter, with Mackay house sales in the sub-$350,000 price bracket recording a healthy rise.
Sales were also up in the $350,000-plus price bracket and relatively steady above $500,000.
Acreage sales rose five per cent, with the median price also up 2.9 per cent to $475,000.
UNIT MARKET
Unit sales numbers in Mackay recorded growth in the September quarter, recording healthy increases in all price brackets, particularly in the $250,000-$350,000 price point.
Sales in the sub-$250,000 price bracket nearly doubled, with the $350,000-plus sector of the market also recording encouraging growth.
The median unit price eased 1.3 per cent , reflecting the higher volume of transactions at the middle-to-lower end of the market.
Average days on market and average vendor discounting in the Mackay unit market however are down compared to a year ago, signalling the bottom of the market is yet to be reached.
RENTAL MARKET
According to the REIQ’s latest rental survey, Mackay has the weakest rental market in Queensland – largely the result of challenging economic conditions caused by the mining investment downturn.
The survey shows a rental vacancy rate of 8.4 per cent in the September quarter, up from 6.8 per cent in the previous quarter.
Local agents say Self-Managed Super Fund investment has come to a standstill, with rents on some properties plunging by up to 50 per cent.
They say the lower returns are making properties far more attractive to renters amid hopes that increased affordability will lead to renewed population growth and economic development in 2015.
RENTAL MARKET - 3 BED TOWNHOUSESPOST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
31
REGIONAL MARKET UPDATES
SEPTEMBER QUARTER 2014
SALES MARKET - HOUSES
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
SALES MARKET - UNITS & TOWNHOUSES
RENTAL MARKET - 3 BED HOUSESPOST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
UNITS
57
363
860
454
45 62
384
875
508
54
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE CITY UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
197
260
111
46 5
260 282
132
51 5
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS UNIT SALES (p)
JUN 14 SEP 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
273
520 451
290
36
296
560 457
276
59
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
GOLD COAST UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
105
197 177
105
27
108
203 194
112
21
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
9 8
2 2
19
10
4
0
<$250,000 $250,000+ $350,000+ $500,000+
BUNDABERG UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
137
63
17 14
222
81
33 19
<$250,000 $250,000+ $350,000+ $500,000+
CAIRNS & DOUGLAS UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
21
15
4 3
21
12
6
0
<$250,000 $250,000+ $350,000+ $500,000+
FRASER COAST UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
6 6 6
3 3 4
6
3
<$250,000 $250,000+ $350,000+ $500,000+
GLADSTONE UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
60
47
21 13
55
40
14 11
<$250,000 $250,000+ $350,000+ $500,000+
TOWNSVILLE UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
10 7 5 3
18
33
10 10
<$250,000 $250,000+ $350,000+ $500,000+
MACKAY UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
9
13 11
6
13 13
18
7
<$250,000 $250,000+ $350,000+ $500,000+
ROCKHAMPTON & LIVINGSTONE UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
43 36
18 7
38
62
14 5
<$250,000 $250,000+ $350,000+ $500,000+
TOOWOOMBA UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
LAND
43 40 40 31 29
57 49
24
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE CITY LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
379
71 36
3
341
59 22 9
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE SURROUNDS LAND SALES (p)
JUN 14 SEP 14Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
88
33
8 16
102
28 10 10
<$250,000 $250,000+ $350,000+ $500,000+
GOLD COAST LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
71
35
21 10
46
21 15
8
<$250,000 $250,000+ $350,000+ $500,000+
SUNSHINE COAST & NOOSA LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
40
1 0
49
2 0
<$250,000 $250,000+ $350,000+
BUNDABERG LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
56
9 1
81
16 4
<$250,000 $250,000+ $350,000+
CAIRNS & DOUGLAS LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
57
0 0
62
3 0
<$250,000 $250,000+ $350,000+
FRASER COAST LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
16
0 1
14
1 1
<$250,000 $250,000+ $350,000+
GLADSTONE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
41
6 1
28
1 3
<$250,000 $250,000+ $350,000+
MACKAY LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
52
5 0
77
5 0
<$250,000 $250,000+ $350,000+
ROCKHAMPTON & LIVINGSTONE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
24
2 2
60
3 4
<$250,000 $250,000+ $350,000+
TOOWOOMBA LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
84
5 2
106
6 4
<$250,000 $250,000+ $350,000+
TOWNSVILLE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
RENTAL MARKET - 2 BED UNITSPOST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 3 BED TOWNHOUSESPOST SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
SALES MARKET - VACANT LAND
MACKAY (LGA) 198 $391,000 -1.0% $406,000 -3.5% 5.6%
MACKAY (LGA) ^ 35 $475,000 2.9% $480,000 -7.7% 5.5%
ANDERGROVE 18 $372,500 3.5% $380,000 -8.4% 0.0%
BEACONSFIELD 12 $387,000 N/A $411,000 -4.4% 5.0%
BLACKS BEACH 10 $420,000 N/A $450,000 0.4% -4.2%
BUCASIA 7 N/A N/A $400,000 -6.7% 2.2%
EAST MACKAY 12 $403,500 N/A $400,000 -5.4% 8.7%
EIMEO 7 N/A N/A $435,000 -7.9% -0.6%
GLENELLA ~ 11 $460,000 -6.9% $465,000 -11.5% -4.6%
MARIAN 10 $474,750 N/A $480,000 7.9% 21.5%
MOUNT PLEASANT 7 N/A N/A $440,000 -1.1% 6.0%
NORTH MACKAY ~ 14 $325,000 20.4% $330,000 -12.2% -0.8%
OORALEA 9 N/A N/A $464,000 -8.1% 5.5%
RURAL VIEW 13 $459,000 N/A $464,500 -9.4% 6.8%
SARINA ~ 6 N/A N/A $305,000 -10.9% 0.3%
SLADE POINT 5 N/A N/A $342,200 -9.4% -3.7%
SOUTH MACKAY ~ 14 $332,500 -12.5% $365,000 -5.2% 5.2%
WALKERSTON 7 N/A N/A $485,000 12.8% 21.4%
WEST MACKAY 12 $360,000 -0.6% $380,000 -0.1% 7.8%
SURROUNDS
ISAAC (LGA) ~ 25 $200,000 -7.0% $230,000 -38.2% -43.2%
DYSART 13 $106,000 N/A N/A N/A N/A
MORANBAH ~ 8 N/A N/A $310,000 -24.8% -27.9%
WHITSUNDAY (LGA) 62 $370,000 -3.9% $390,000 4.3% 1.3%
WHITSUNDAY (LGA) ^ 20 $402,500 N/A $460,000 -8.0% -5.2%
BOWEN 15 $347,500 N/A $362,500 5.1% 3.6%
CANNONVALE 19 $450,000 0.0% $450,000 8.4% -4.3%
JUBILEE POCKET 5 N/A N/A $400,000 1.3% -8.7%
PROSERPINE ~ 10 $222,500 -27.3% $285,000 -16.2% -9.5%
MACKAY (LGA) 72 $301,030 -1.3% $310,000 -1.6% 5.1%
MACKAY ~ 35 $286,322 N/A $290,172 -18.8% -1.5%
SURROUNDS
WHITSUNDAY ~ * 46 $250,000 -15.3% $291,250 1.3% -10.4%
AIRLIE BEACH * 16 $391,000 8.6% $377,000 7.7% -20.2%
CANNONVALE ~ 12 $236,000 -14.6% $260,750 -1.6% -11.6%
MACKAY (LGA) ~ 32 $206,000 6.7% $208,000 0.1% 18.9%
ANDERGROVE 2 N/A N/A $180,000 -2.7% N/A
BLACKS BEACH 3 N/A N/A $190,000 -5.0% 0.5%
RURAL VIEW 3 N/A N/A $219,000 -0.5% 15.3%
SHOAL POINT 1 N/A N/A $208,000 -3.3% N/A
SURROUNDS
WHITSUNDAY (LGA) 16 $172,000 4.2% $160,588 4.3% 0.4%
CANNONVALE 6 N/A N/A $163,000 10.1% -1.2%
MACKAY REGIONAL $345 433 $395 460
4737 ARMSTRONG BEACH $320 28 $370 36
4740 ALEXANDRA $350 346 $400 347
4741 BALL BAY $300 19 $360 17
4750 BUCASIA $345 19 $380 22
4751 GREENMOUNT $330 6 $380 14
4753 DEVEREUX CREEK $330 7 $390 9
ISAAC REGIONAL $275 157 $350 159
4721 CLERMONT $280 13 $400 13
4744 MORANBAH $290 101 $375 90
4745 DYSART $220 27 $250 47
4746 GERMAN CREEK $300 13 $162 5
WHITSUNDEY REGIONAL $320 143 $350 158
4800 ANDROMACHE $320 35 $330 40
4802 AIRLIE BEACH $395 39 $420 61
4804 COLLINSVILLE $275 11 $250 6
4805 BINBEE $270 58 $320 51
MACKAY REGIONAL $250 300 $320 286
4737 ARMSTRONG BEACH $225 18 $270 19
4740 ALEXANDRA $260 267 $320 252
4750 BUCASIA $190 6 $280 6
4751 GREENMOUNT $180 6 $300 5
ISAAC REGIONAL $250 47 $260 24
4721 CLERMONT $200 6 $280 5
4742 BURTON $275 6 N.A. 2
4744 MORANBAH $250 11 $255 15
4746 GERMAN CREEK $250 24 N.A. 1
WHITSUNDEY REGIONAL $280 177 $290 166
4800 ANDROMACHE $230 13 $220 18
4802 AIRLIE BEACH $300 123 $300 109
4805 BINBEE $250 39 $260 37
MACKAY REGIONAL $350 50 $404 43
4740 ALEXANDRA $350 49 $420 40
ISAAC REGIONAL $425 16 $500 42
4744 MORANBAH $425 12 $550 19
WHITSUNDEY REGIONAL $340 28 $370 34
4802 AIRLIE BEACH $360 20 $390 30
32 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
TOWNSVILLE
HOUSES
166
770
1840
235 161
784
1900
274
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE CITY HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
1154 1157
472
18
1272 1256
480
21
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS HOUSE SALES (p)
JUN 14 SEP 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
65
480 548
84 66
575 516
101
<$350,000 $350,000+ $500,000+ $1m+
GOLD COAST HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
79
440
346
37 76
443 373
43
<$350,000 $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
139
41 9
182
39 7
<$350,000 $350,000+ $500,000+
BUNDABERG HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
146 193
64
208
265
95
<$350,000 $350,000+ $500,000+
CAIRNS & DOUGLAS HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
185
41 14
194
46 6
<$350,000 $350,000+ $500,000+
FRASER COAST HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
43
55
18
48 59
14
<$350,000 $350,000+ $500,000+
GLADSTONE HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
167 174
47
255
183
49
<$350,000 $350,000+ $500,000+
TOWNSVILLE HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
56
84
31
64
94
30
<$350,000 $350,000+ $500,000+
MACKAY HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
153
68
20
163
69
26
<$350,000 $350,000+ $500,000+
ROCKHAMPTON & LIVINGSTONE HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
294
184
60
296
208
56
<$350,000 $350,000+ $500,000+
TOOWOOMBA HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. UNITS
57
363
860
454
45 62
384
875
508
54
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE CITY UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
197
260
111
46 5
260 282
132
51 5
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS UNIT SALES (p)
JUN 14 SEP 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
273
520 451
290
36
296
560 457
276
59
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
GOLD COAST UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
105
197 177
105
27
108
203 194
112
21
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
9 8
2 2
19
10
4
0
<$250,000 $250,000+ $350,000+ $500,000+
BUNDABERG UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
137
63
17 14
222
81
33 19
<$250,000 $250,000+ $350,000+ $500,000+
CAIRNS & DOUGLAS UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
21
15
4 3
21
12
6
0
<$250,000 $250,000+ $350,000+ $500,000+
FRASER COAST UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
6 6 6
3 3 4
6
3
<$250,000 $250,000+ $350,000+ $500,000+
GLADSTONE UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
60
47
21 13
55
40
14 11
<$250,000 $250,000+ $350,000+ $500,000+
TOWNSVILLE UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
10 7 5 3
18
33
10 10
<$250,000 $250,000+ $350,000+ $500,000+
MACKAY UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
9
13 11
6
13 13
18
7
<$250,000 $250,000+ $350,000+ $500,000+
ROCKHAMPTON & LIVINGSTONE UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
43 36
18 7
38
62
14 5
<$250,000 $250,000+ $350,000+ $500,000+
TOOWOOMBA UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. LAND
43 40 40 31 29
57 49
24
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE CITY LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
379
71 36
3
341
59 22 9
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE SURROUNDS LAND SALES (p)
JUN 14 SEP 14Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
88
33
8 16
102
28 10 10
<$250,000 $250,000+ $350,000+ $500,000+
GOLD COAST LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
71
35
21 10
46
21 15
8
<$250,000 $250,000+ $350,000+ $500,000+
SUNSHINE COAST & NOOSA LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
40
1 0
49
2 0
<$250,000 $250,000+ $350,000+
BUNDABERG LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
56
9 1
81
16 4
<$250,000 $250,000+ $350,000+
CAIRNS & DOUGLAS LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
57
0 0
62
3 0
<$250,000 $250,000+ $350,000+
FRASER COAST LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
16
0 1
14
1 1
<$250,000 $250,000+ $350,000+
GLADSTONE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
41
6 1
28
1 3
<$250,000 $250,000+ $350,000+
MACKAY LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
52
5 0
77
5 0
<$250,000 $250,000+ $350,000+
ROCKHAMPTON & LIVINGSTONE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
24
2 2
60
3 4
<$250,000 $250,000+ $350,000+
TOOWOOMBA LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
84
5 2
106
6 4
<$250,000 $250,000+ $350,000+
TOWNSVILLE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
Over the September quarter, Townsville’s residential property market bounced back after a very subdued June quarter. House sales volumes were up 27 per cent, along with some increase in activity in the vacant land market.
The unit and townhouse market, however, remains subdued but according to local agents the overall outlook moving into 2015 is very positive for the Townsville region.
Agents also say that the State election will play its part in boosting local confidence as many anticipate how the funds from the proposed leasing of the Port of Townsville will be distributed.
The approval of some proposed large developments will also bring greater job opportunities for a region that currently has one of the highest unemployment rates in the State.
HOUSE MARKET
After tracking along at a relatively stable level of activity over the past two years, the Townsville house market looks to have now turned a corner. There has been a solid lift in sales activity over the September quarter, with preliminary sales numbers reaching a new peak not seen for some time.
According to local agents most buyers still sit under the $500,000 mark, however the top end of the market is reportedly picking up in activity heading into 2015.
Median house prices are yet to record improvements, with many suburbs still recording a softening of prices compared to five years ago.
Another sign that the region is turning a corner is the increasing number of suburbs seeing increases in median prices over the year to September, such as Currajong, Gulliver and Idalia.
Average days on market remained steady at 89 days compared to three months ago, as did average vendor discounting, which has sat at an average annual rate of 7.4 per cent over the past three quarters - another good sign that the local house market is well and truly stabilised.
Local agents also report strong stock levels accompanied by increased buyer enquiry levels, which bodes well for the coming six months.
UNIT MARKET
Although the September quarter saw a drop in sales volumes for the Townsville unit and townhouse market, the overall trend in sales activity is on the way up. The previous quarter saw bumper activity and quicker selling times. Average vendor discounting for unit sales also improved compared to 12 months ago.
The drop off in activity was recorded across all price points, however not all suburbs saw a decline. The suburbs of North Ward, Rosslea and South Townsville all performed well over the quarter, recording a slight increase in sales volumes.
Median sale prices for the region are still well below those recorded five years ago, with the prestige market in particular still struggling to recover. Resales of units bought off the plan are said to be the hardest hit by the softer market conditions.
RENTAL MARKET
At the end of September the Townsville region recorded a vacancy rate of 4.8 per cent, down from a peak of 5.4 per cent three months ago.
According to local property managers surveyed, there continues to be an oversupply in the region. Tenant demand remains weak on the back of poor employment opportunities, with many leaving the area in search of work.
NRAS developments are said to be contributing to the oversupply, however analysis of bonds held by the RTA shows they only contribute around 3 per cent to the rental supply. Four stages of NRAS have now been completed, with the fifth and final stage said to have been postponed indefinitely.
Given the soft market conditions, median weekly rents from the RTA continue to come down, and they are at levels not seen in more than five years.
33
REGIONAL MARKET UPDATES
SEPTEMBER QUARTER 2014
SALES MARKET - HOUSES
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
SALES MARKET - VACANT LAND
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
SALES MARKET - UNITS & TOWNHOUSES
RENTAL MARKET - 3 BED HOUSESPOST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 2 BED UNITS
RENTAL MARKET - 2 BED TOWNHOUSESPOST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
TOWNSVILLE (LGA) ~ 511 $340,000 -5.6% $357,650 -0.7% -0.7%
TOWNSVILLE (LGA) ^ ~ 57 $445,000 11.1% $430,000 2.7% 3.6%
AITKENVALE 8 N/A N/A $305,000 -4.7% -7.4%
ALICE RIVER ^ 3 N/A N/A $465,000 -4.1% 2.2%
ANNANDALE 23 $420,000 1.2% $430,000 0.9% -2.6%
BOHLE PLAINS 7 N/A N/A $430,000 0.0% -2.3%
BURDELL ~ 28 $411,250 -9.9% $435,000 2.4% 25.4%
BUSHLAND BEACH 35 $419,750 -5.1% $416,500 1.8% 1.0%
CONDON ~ 18 $277,500 -9.0% $292,000 -1.0% -10.2%
CRANBROOK 16 $290,000 N/A $290,000 -4.9% -8.7%
CURRAJONG 12 $246,750 N/A $302,500 6.1% -4.7%
DEERAGUN 8 N/A N/A $317,500 -5.9% -3.6%
DOUGLAS 25 $400,000 1.0% $397,000 1.8% -1.0%
GARBUTT 6 N/A N/A $292,750 N/A N/A
GULLIVER 11 $287,500 N/A $300,500 6.4% 0.5%
HEATLEY 8 N/A N/A $290,000 3.6% -4.9%
HERMIT PARK 7 N/A N/A $380,000 5.3% 4.1%
IDALIA ~ 17 $507,500 22.1% $490,000 6.5% 4.3%
KELSO 22 $275,000 -1.8% $282,000 -2.4% -10.5%
KELSO ^ 7 N/A N/A $477,000 4.7% 8.4%
KIRWAN 66 $333,500 -6.1% $350,000 0.0% -5.4%
MOUNT LOUISA 32 $375,000 -3.1% $385,000 -6.1% -1.3%
MUNDINGBURRA 6 N/A N/A $377,500 2.0% 6.0%
NORTH WARD ~ 4 N/A N/A $515,000 -23.0% N/A
RAILWAY ESTATE 15 $325,000 N/A $320,000 -4.8% -4.5%
RASMUSSEN 16 $267,000 N/A $278,000 -6.2% -7.9%
SHAW 7 N/A N/A $432,688 3.8% N/A
SOUTH TOWNSVILLE 8 N/A N/A $342,500 5.7% -9.9%
THURINGOWA CENTRAL 7 N/A N/A $314,500 -0.2% -6.1%
WEST END 11 $358,500 N/A $357,500 -8.8% 1.4%
WULGURU 19 $297,000 4.2% $294,000 -5.2% -8.1%
SURROUNDS
BURDEKIN (LGA) ~ 28 $217,500 27.9% $212,500 4.9% -7.6%
AYR 14 $257,750 1.1% $245,000 -3.9% 0.6%
HOME HILL ~ 7 N/A N/A $165,000 4.1% -28.3%
CHARTERS TOWERS (LGA) 12 $187,000 5.4% $202,500 7.7% -10.0%
CHARTERS TOWERS CITY 2 N/A N/A $179,000 -5.8% -10.5%
HINCHINBROOK (LGA) 14 N/A N/A $240,000 3.0% -2.0%
INGHAM 5 N/A N/A $245,000 3.2% 8.9%
TOWNSVILLE (LGA) ~ 121 $251,750 -6.8% $272,000 -5.9% -13.7%
CRANBROOK 6 N/A N/A $229,500 N/A N/A
DOUGLAS 8 N/A N/A $290,000 -9.7% -7.1%
HERMIT PARK ~ 7 N/A N/A $168,000 N/A -27.0%
IDALIA 2 N/A N/A $357,000 -0.6% N/A
NELLY BAY ~ f 8 N/A N/A $197,250 -40.2% -50.3%
NORTH WARD ~ 19 $243,000 -14.7% $253,750 -22.6% -30.5%
ROSSLEA 7 N/A N/A $228,500 1.6% -12.1%
SOUTH TOWNSVILLE 7 N/A N/A $365,000 1.7% 0.7%
TOWNSVILLE CITY ~ f 15 $315,000 -24.6% $378,000 -4.8% -22.7%
WEST END ~ 6 N/A N/A $225,000 5.9% -29.7%
TOWNSVILLE (LGA) 116 $161,900 3.8% $163,000 0.3% -1.2%
TOWNSVILLE (LGA) ^ 10 N/A N/A $195,000 0.0% -4.4%
BOHLE PLAINS 3 N/A N/A $160,000 -4.3% -4.8%
BURDELL 30 $160,900 N/A $156,900 2.9% -13.1%
BUSHLAND BEACH 8 N/A N/A $153,000 -5.6% 2.7%
DEERAGUN 6 N/A N/A $167,900 0.0% 21.7%
KELSO 6 N/A N/A $139,000 -4.1% -4.1%
KIRWAN 3 N/A N/A $185,725 N/A N/A
MOUNT LOUISA 2 N/A N/A $180,000 2.9% 9.1%
MOUNT LOW ~ 19 $165,000 8.6% $163,000 3.2% 2.5%
OONOONBA 6 N/A N/A $157,500 -0.9% N/A
TOWNSVILLE CITY $320 683 $340 680
4810 BELGIAN GARDENS $350 64 $350 66
4811 IDALIA $340 30 $330 24
4812 CURRAJONG $320 64 $330 66
4814 AITKENVALE $320 176 $350 192
4815 CONDON $300 118 $315 127
4816 ALLIGATOR CREEK $250 12 $290 10
4817 KIRWAN $330 94 $350 104
4818 DEERAGUN $310 105 $345 82
4819 MAGNETIC IS $300 20 $280 9
BURDEKIN SHIRE $270 52 $280 60
4806 ARKENDEITH $260 12 $280 9
4807 AIRVILLE $270 37 $280 42
CHARTERS TOWERS REGIONAL $250 40 $270 52
4820 RICHMOND HILL $250 40 $270 52
HINCHINBROOK SHIRE $250 32 $260 40
4850 ABERGOWRIE $250 32 $260 40
TOWNSVILLE CITY $265 739 $280 721
4810 BELGIAN GARDENS $285 354 $300 356
4811 IDALIA $350 45 $340 25
4812 CURRAJONG $245 164 $260 173
4814 AITKENVALE $270 83 $288 83
4815 CONDON $270 25 $300 24
4817 KIRWAN $260 36 $290 40
4818 DEERAGUN $224 16 $250 6
4819 MAGNETIC IS $320 16 $300 14
BURDEKIN SHIRE $210 51 $210 47
4806 ARKENDEITH $200 7 N.A. 3
4807 AIRVILLE $210 42 $210 44
CHARTERS TOWERS REGIONAL $180 7 $220 22
4820 RICHMOND HILL $180 7 $220 22
HINCHINBROOK SHIRE $200 18 $170 30
4850 ABERGOWRIE $200 18 $170 30
TOWNSVILLE CITY $260 67 $290 43
4810 BELGIAN GARDENS $260 27 $300 23
4812 CURRAJONG $260 30 $285 14
4814 AITKENVALE $280 6 N.A. 1
34 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
RENTAL MARKET
In Cairns, local agents report increased investor activity, however with strong tenant demand in play, the region's vacancy rate tightened slightly. Over the three months to September, the vacancy rate was down 0.2 percentage points to 1.8 per cent.
The Cairns rental market continues to benefit from improving local conditions, with employment opportunities reportedly bringing more people to the area. The region recorded modest increases in median weekly rents over the September quarter, according to figures released by the RTA.
Current gross yields also remain relatively strong, with house rentals remaining steady at 4.8 per cent. An easing median unit price saw unit gross yields go up to 6.9 per cent – the highest of all major centres.
According to local agents, more investors are being attracted to Cairns, which will ensure rental stock can keep pace with current levels of demand.
CAIRNS
HOUSES
166
770
1840
235 161
784
1900
274
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE CITY HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
1154 1157
472
18
1272 1256
480
21
<$350,000 $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS HOUSE SALES (p)
JUN 14 SEP 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
65
480 548
84 66
575 516
101
<$350,000 $350,000+ $500,000+ $1m+
GOLD COAST HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
79
440
346
37 76
443 373
43
<$350,000 $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
139
41 9
182
39 7
<$350,000 $350,000+ $500,000+
BUNDABERG HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
146 193
64
208
265
95
<$350,000 $350,000+ $500,000+
CAIRNS & DOUGLAS HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
185
41 14
194
46 6
<$350,000 $350,000+ $500,000+
FRASER COAST HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
43
55
18
48 59
14
<$350,000 $350,000+ $500,000+
GLADSTONE HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
167 174
47
255
183
49
<$350,000 $350,000+ $500,000+
TOWNSVILLE HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
56
84
31
64
94
30
<$350,000 $350,000+ $500,000+
MACKAY HOUSE SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
153
68
20
163
69
26
<$350,000 $350,000+ $500,000+
ROCKHAMPTON & LIVINGSTONE HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
294
184
60
296
208
56
<$350,000 $350,000+ $500,000+
TOOWOOMBA HOUSE SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. UNITS
57
363
860
454
45 62
384
875
508
54
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE CITY UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
197
260
111
46 5
260 282
132
51 5
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
BRISBANE SURROUNDS UNIT SALES (p)
JUN 14 SEP 14INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
273
520 451
290
36
296
560 457
276
59
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
GOLD COAST UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
105
197 177
105
27
108
203 194
112
21
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
SUNSHINE COAST & NOOSA UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
9 8
2 2
19
10
4
0
<$250,000 $250,000+ $350,000+ $500,000+
BUNDABERG UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
137
63
17 14
222
81
33 19
<$250,000 $250,000+ $350,000+ $500,000+
CAIRNS & DOUGLAS UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
21
15
4 3
21
12
6
0
<$250,000 $250,000+ $350,000+ $500,000+
FRASER COAST UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
6 6 6
3 3 4
6
3
<$250,000 $250,000+ $350,000+ $500,000+
GLADSTONE UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
60
47
21 13
55
40
14 11
<$250,000 $250,000+ $350,000+ $500,000+
TOWNSVILLE UNIT SALES (p) JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
10 7 5 3
18
33
10 10
<$250,000 $250,000+ $350,000+ $500,000+
MACKAY UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
9
13 11
6
13 13
18
7
<$250,000 $250,000+ $350,000+ $500,000+
ROCKHAMPTON & LIVINGSTONE UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
43 36
18 7
38
62
14 5
<$250,000 $250,000+ $350,000+ $500,000+
TOOWOOMBA UNIT SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data. LAND
43 40 40 31 29
57 49
24
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE CITY LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
379
71 36
3
341
59 22 9
<$250,000 $250,000+ $350,000+ $500,000+
BRISBANE SURROUNDS LAND SALES (p)
JUN 14 SEP 14Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
88
33
8 16
102
28 10 10
<$250,000 $250,000+ $350,000+ $500,000+
GOLD COAST LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
71
35
21 10
46
21 15
8
<$250,000 $250,000+ $350,000+ $500,000+
SUNSHINE COAST & NOOSA LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
40
1 0
49
2 0
<$250,000 $250,000+ $350,000+
BUNDABERG LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
56
9 1
81
16 4
<$250,000 $250,000+ $350,000+
CAIRNS & DOUGLAS LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
57
0 0
62
3 0
<$250,000 $250,000+ $350,000+
FRASER COAST LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
16
0 1
14
1 1
<$250,000 $250,000+ $350,000+
GLADSTONE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
41
6 1
28
1 3
<$250,000 $250,000+ $350,000+
MACKAY LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
52
5 0
77
5 0
<$250,000 $250,000+ $350,000+
ROCKHAMPTON & LIVINGSTONE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
24
2 2
60
3 4
<$250,000 $250,000+ $350,000+
TOOWOOMBA LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
84
5 2
106
6 4
<$250,000 $250,000+ $350,000+
TOWNSVILLE LAND SALES (p)
JUN 14 SEP 14
(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by RP Data.
As the Cairns local economy and tourism industry continue to improve, the residential property market is taking its turn to shine.
Both the house and unit markets in Cairns topped the major regions for increased activity over the quarter, and the city also saw a healthy increase in its median sale prices over the year to September.
The region is seeing a number of key commercial developments, which is adding to the local amenity of the region, and giving investors more reasons to look to the Far North Queensland. Redlynch Shopping Centre’s expansion is said to be almost complete while a Bunnings store is set to open in Portsmith.
The much anticipated Aquis development has hit some “road blocks” with delays surrounding the various licencing and approvals required for the resort complex. However local agents say that there is a strong likelihood the planned resort will go ahead, it only being a matter of when.
HOUSE MARKET
The house market in Cairns saw an impressive 38 per cent increase in preliminary sales numbers over the quarter, with its median sale price remaining relatively stable, down just 0.5 percent to $379,000.
Price point data shows the increase in sales activity spread relatively evenly across all price segments, with the largest increase seen in the $350,000-plus price point. Sales in the $500,000-plus price bracket were up 48 per cent, reaching an all-time high of 95 preliminary sales - an indication that confidence in the Cairns property market is improving.
According to local agents, investors are actively looking in Cairns and this is further adding to local buyer demand. Days on market are are also coming down reflecting the increase in demand.
UNIT MARKET
The unit market in Cairns has been quick to follow the house market, with sales volumes over the September quarter also up significantly. Compared to the June quarter, preliminary unit and townhouse sales numbers were up 34 per cent, reaching levels of activity not seen in five years.
Local agents say prices still remain low, with the bulk of buyer activity strongest in the sub-$250,000 price point. With strong activity at the affordable end of the market, the Cairns median unit sale price dipped 5.4 per cent over the quarter.
However over the year to September, the median recorded an increase of 7.5 per cent, a sign that the unit market is well on its way to recovery.
35
REGIONAL MARKET UPDATES
SEPTEMBER QUARTER 2014
SALES MARKET - HOUSES
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
SALES MARKET - UNITS & TOWNHOUSES (CONT’D)
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
SALES MARKET - UNITS & TOWNHOUSES
SALES MARKET - VACANT LAND
RENTAL MARKET - 3 BED HOUSESPOST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
CAIRNS (LGA) 549 $379,000 -0.5% $376,000 6.2% 6.5%
CAIRNS (LGA) ^ 26 $585,500 N/A $576,500 4.8% -3.1%
BAYVIEW HEIGHTS ~ 18 $386,750 10.5% $381,250 6.6% 13.8%
BENTLEY PARK 36 $347,000 -1.6% $345,000 3.0% 3.0%
BRINSMEAD 22 $437,500 5.4% $413,000 8.7% 3.3%
BUNGALOW ~ 7 N/A N/A $345,000 31.4% 17.7%
CAIRNS NORTH 3 N/A N/A $410,000 N/A N/A
CARAVONICA ~ 2 N/A N/A $352,500 16.5% 4.0%
CLIFTON BEACH 13 $504,000 N/A $502,000 -1.3% 4.0%
EARLVILLE 11 $367,000 N/A $340,000 6.3% 0.7%
EDGE HILL 14 $420,000 N/A $465,000 12.0% 12.0%
EDMONTON 64 $345,000 0.0% $330,000 5.8% -1.5%
FRESHWATER 7 N/A N/A $422,500 N/A -4.0%
GORDONVALE 26 $302,750 -5.5% $310,000 1.6% 3.3%
HOLLOWAYS BEACH 7 N/A N/A $385,000 10.0% 2.7%
KANIMBLA 5 N/A N/A $450,000 3.0% 7.1%
KEWARRA BEACH 30 $420,000 -4.3% $416,000 5.3% 3.8%
MANOORA 12 $252,500 -0.2% $269,000 3.3% -8.2%
MANUNDA 15 $312,500 0.8% $315,000 10.5% -3.7%
MOOROOBOOL 27 $325,000 -3.6% $330,000 1.5% 0.9%
MOUNT SHERIDAN 32 $339,000 -7.0% $345,000 4.5% 3.0%
PARRAMATTA PARK 17 $392,000 N/A $375,000 7.9% -5.1%
REDLYNCH 30 $435,000 -1.1% $440,000 10.0% 7.6%
SMITHFIELD 23 $410,000 3.8% $395,000 6.8% 4.8%
TRINITY BEACH ~ 19 $509,000 16.3% $447,500 13.3% 7.0%
TRINITY PARK 23 $436,000 3.8% $417,500 7.9% 10.9%
WESTCOURT 10 $320,000 N/A $320,000 -0.2% 3.2%
WHITE ROCK ~ 14 $325,000 20.4% $290,000 6.6% 5.1%
WHITFIELD ~ 22 $585,000 39.3% $522,500 16.1% 25.9%
WOREE 9 N/A N/A $310,000 10.7% 6.9%
SURROUNDS
CASSOWARY COAST (LGA) ~ 35 $244,500 17.8% $240,000 4.3% -5.9%
CASSOWARY COAST (LGA) ^ 10 N/A N/A $327,500 8.3% -10.9%
DOUGLAS (LGA) ~ 39 $325,000 -15.5% $375,250 2.8% 0.1%
MOSSMAN 7 N/A N/A $272,500 N/A -9.2%
PORT DOUGLAS ~ 9 N/A N/A $480,000 3.2% -11.1%
MAREEBA (LGA) 33 $280,000 -0.9% $280,000 19.1% 14.1%
MAREEBA (LGA) ^ 21 $419,000 6.8% $420,000 5.0% -1.2%
KURANDA ^ 9 N/A N/A $430,000 1.2% -5.5%
MAREEBA ^ 7 N/A N/A $422,500 11.5% N/A
MAREEBA ~ 29 $280,000 0.0% $280,000 19.1% 13.8%
TABLELANDS (LGA) 38 $277,500 4.3% $290,000 9.4% -5.5%
TABLELANDS (LGA) ^ ~ 28 $307,500 -20.6% $385,000 4.1% 3.1%
ATHERTON 19 $280,000 4.3% $310,000 0.0% -8.8%
MALANDA 4 N/A N/A $250,000 N/A N/A
YUNGABURRA 4 N/A N/A $352,500 N/A N/A
CAIRNS (LGA) 328 $210,000 -5.4% $215,000 7.5% -14.0%
BUNGALOW ~ 8 N/A N/A $155,000 21.1% -19.5%
CAIRNS CITY ~ 28 $264,000 -0.4% $325,000 -13.4% -26.1%
CAIRNS NORTH 43 $228,000 6.5% $226,000 5.1% -17.5%
CLIFTON BEACH 8 N/A N/A $235,000 N/A -23.0%
EARLVILLE 7 N/A N/A $210,000 11.1% 3.7%
EDGE HILL 10 $182,500 N/A $165,000 8.6% -19.9%
EDMONTON 10 $112,000 N/A $141,000 N/A N/A
FRESHWATER 6 N/A N/A $280,000 N/A 14.3%
HOLLOWAYS BEACH 7 N/A N/A $166,250 12.7% -21.8%
MANOORA 26 $144,000 5.1% $140,000 -9.1% -28.8%
MANUNDA * t 23 $138,500 -48.7% $151,800 11.6% -19.7%
MOOROOBOOL 8 N/A N/A $183,750 3.5% -29.1%
PALM COVE ~ f 24 $278,750 24.6% $276,000 9.5% -24.4%
PARRAMATTA PARK ~ 5 N/A N/A $242,750 21.4% -10.8%
REDLYNCH 4 N/A N/A $235,000 N/A -8.2%
TRINITY BEACH ~ f 29 $265,000 17.8% $230,000 3.4% -24.6%
WESTCOURT ~ 11 $290,000 68.1% $215,000 19.4% -31.5%
WOREE ~ 7 $155,000 17.0% $145,000 23.4% -8.8%
YORKEYS KNOB 19 $220,000 N/A $230,000 16.8% 15.0%
SURROUNDS
DOUGLAS (LGA) ~ f 52 $195,500 -20.2% $233,000 16.5% 3.1%
PORT DOUGLAS ~ f 49 $191,000 -23.6% $219,000 10.1% -6.8%
CAIRNS (LGA) ~ 81 $203,500 19.7% $183,500 9.2% 11.2%
CAIRNS (LGA) ^ 13 N/A N/A $225,000 N/A N/A
BENTLEY PARK 2 N/A N/A $151,000 4.8% 4.1%
EDMONTON 17 $139,800 N/A $135,700 8.6% 10.1%
MOUNT SHERIDAN 2 N/A N/A $174,000 1.2% 3.9%
PALM COVE ~ 4 N/A N/A $255,000 N/A 34.2%
REDLYNCH 4 N/A N/A $183,500 0.5% 7.9%
SMITHFIELD 6 N/A N/A $178,750 7.0% N/A
TRINITY BEACH 6 N/A N/A $175,000 4.5% -5.4%
TRINITY PARK 12 $225,250 N/A $215,000 -4.4% 26.5%
SURROUNDS
CASSOWARY COAST (LGA) 12 N/A N/A $100,000 N/A -13.0%
DOUGLAS (LGA) 20 $149,000 N/A $130,500 N/A N/A
MAREEBA (LGA) 14 N/A N/A $89,500 N/A N/A
MAREEBA 9 N/A N/A $90,000 5.9% -10.0%
CAIRNS REGIONAL $350 460 $340 483
4865 GOLDSBOROUGH $310 23 $300 17
4868 BAYVIEW HEIGHTS $340 81 $330 75
4869 BENTLEY PARK $325 69 $315 57
4870 AEROGLEN $350 160 $350 162
4878 BARRON $370 42 $360 53
4879 BUCHAN POINT $375 81 $380 65
DOUGLAS SHIRE $330 40 $0 0
4873 BAILEY CREEK $320 28 $280 31
4877 CRAIGLIE $420 12 $400 15
CASSOWARY COAST REGIONAL $280 102 $280 93
4849 CARDWELL $250 6 N.A. 4
4852 BINGIL BAY $350 20 $320 21
4854 BILYANA $305 13 $330 13
4860 BAMBOO CREEK $275 53 $255 41
TABLELANDS REGIONAL $290 90 $295 140
4872 BARRINE $250 5 $305 11
4883 ATHERTON $295 40 $290 32
4884 LAKE BARRINE $300 10 $295 5
4885 BUTCHERS CREEK $270 12 $280 11
4887 HERBERTON $295 5 N.A. 3
4888 EVELYN $250 14 $240 5
MAREEBA SHIRE $310 54 $0 0
4880 ARRIGA $300 43 $295 57
4881 KOAH $360 11 $350 11
36 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
OTHER REGIONAL
SALES MARKET - VACANT LAND
SALES MARKET - HOUSES
SUBURB NUMBER OF SALES
MEDIAN SALE
QTRLY CHANGE
ANNUAL MEDIAN
SALE
1YR CHANGE
5YR CHANGE
RENTAL MARKET - 2 BED UNITSPOST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 2 BED TOWNHOUSESPOST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 3 BED HOUSESPOST SEP-14 SEP-13
CODE LOCALITYL $/WEEK NEW BONDS $/WEEK NEW BONDS
RENTAL MARKET - 2 BED UNITS
CAIRNS REGIONAL $280 835 $270 986
4865 GOLDSBOROUGH $215 6 N.A. 3
4868 BAYVIEW HEIGHTS $280 80 $240 91
4869 BENTLEY PARK $220 9 $235 19
4870 AEROGLEN $270 542 $265 579
4878 BARRON $270 64 $260 86
4879 BUCHAN POINT $300 132 $300 124
DOUGLAS SHIRE $285 74 $0 0
4873 BAILEY CREEK $200 16 $180 16
4877 CRAIGLIE $300 58 $280 67
CASSOWARY COAST REGIONAL $200 98 $210 79
4849 CARDWELL $200 8 $230 11
4852 BINGIL BAY $230 20 $250 23
4854 BILYANA $120 24 $220 9
4860 BAMBOO CREEK $195 44 $190 35
TABLELANDS REGIONAL $230 42 $220 76
4883 ATHERTON $230 34 $210 29
MAREEBA SHIRE $250 37 $0 0
4880 ARRIGA $250 31 $240 27
4881 KOAH $250 6 N.A. 3
CAIRNS REGIONAL $260 99 $250 102
4868 BAYVIEW HEIGHTS $230 9 $210 10
4869 BENTLEY PARK $220 9 N.A. 4
4870 AEROGLEN $270 59 $260 43
4878 BARRON $260 14 $250 21
4879 BUCHAN POINT $310 8 $280 5
DOUGLAS SHIRE $300 19 $0 0
4877 CRAIGLIE $300 19 $280 18
SOUTH WEST
BALONNE (LGA) 15 $185,000 N/A N/A N/A N/A
ST GEORGE 12 $249,000 N/A $218,500 5.8% 27.4%
MARANOA (LGA) 30 $277,500 -7.5% $290,000 -2.5% 26.1%
ROMA 26 $285,000 0.4% $307,000 -4.8% 22.8%
MURWEH (LGA) 11 N/A N/A $100,000 N/A -26.5%
CHARLEVILLE ~ 10 $74,500 N/A $107,500 -21.0% -28.3%
CENTRAL WEST
LONGREACH (LGA) 12 N/A N/A N/A N/A N/A
LONGREACH ~ 11 $200,000 N/A $205,000 -16.7% -6.8%
NORTH WEST
MOUNT ISA (LGA) 31 $355,000 -1.7% $362,500 -3.7% 11.5%
HEALY 2 N/A N/A $417,000 -4.1% 13.5%
SOUTH WEST
MARANOA (LGA) 4 N/A N/A $160,000 N/A N/A
ROMA 2 N/A N/A $160,000 0.0% N/A
SOUTH WEST
BALONNE SHIRE N.A. 13 N.A. 12
4487 ST GEORGE $250 12 $250 10
MARANOA REGIONAL $400 73 $410 58
4455 ANGELLALA $425 58 $450 48
4465 MITCHELL $250 6 N.A. 3
MURWEH $220 18 N.A. 14
4470 CHARLEVILLE $220 17 $230 13
CENTRAL WEST
LONGREACH $270 26 $275 19
4730 BRIXTON $270 24 $275 19
NORTH WEST
MOUNT ISA CITY $480 88 $550 83
4825 ALEXANDRIA $480 88 $550 83
CLONCURRY SHIRE $350 24 $400 14
4824 CLONCURRY $350 24 $400 14
FAR NORTH
COOK SHIRE $280 35 $270 33
4871 ALMADEN $270 12 $250 17
4895 BLOOMFIELD $300 22 $280 16
SOUTH WEST
BALONNE SHIRE N.A. 5 N.A. 5
4487 ST GEORGE $190 5 N.A. 3
MARANOA REGIONAL $320 22 $250 26
4455 ANGELLALA $320 22 $250 26
CENTRAL WEST
LONGREACH N.A. 8 N.A. 8
4730 BRIXTON $140 7 $195 8
NORTH WEST
MOUNT ISA CITY $320 87 $380 92
4825 ALEXANDRIA $320 87 $380 92
CLONCURRY SHIRE $280 6 N.A. 3
4824 CLONCURRY $280 6 N.A. 3
FAR NORTH
COOK SHIRE N.A. 7 N.A. 4
4895 BLOOMFIELD $200 7 N.A. 3
37 SEPTEMBER QUARTER 2014
ON THE MARKET INDICATORS
ON THE MARKET INDICATORS
HOUSES CHANGE OVER YEAR
LGA TOTAL LISTINGS
% STOCK ON MARKET
DAYS ON MARKET*
VENDOR DISCOUNT*
TOTAL LISTINGS
% STOCK ON MARKET
DAYS ON MARKET*
VENDOR DISCOUNT*
GREATER BRISBANE % PTS % PTS
BRISBANE 19,632 6.4% 57 -5.5% 5% 0.3% -21 1.1%
IPSWICH 4,301 7.0% 82 -6.5% 11% 0.5% -14 1.6%
LOGAN 6,279 7.2% 76 -5.8% 14% 0.8% -16 0.9%
MORETON BAY 9,492 7.3% 73 -5.4% 16% 0.6% -16 1.4%
REDLAND 3,876 8.4% 70 -5.7% 11% 0.6% -17 1.2%
TOURISM CENTRES
GOLD COAST 9,750 7.7% 72 -6.0% 8% 0.1% -20 1.3%
SUNSHINE COAST 9,099 9.0% 90 -5.9% 4% -0.1% -14 1.6%
FRASER COAST 3,526 9.5% 109 -7.6% 5% 0.3% -12 0.5%
CAIRNS 3,297 6.7% 71 -5.8% -1% -0.5% -17 1.2%
REGIONAL QLD
BUNDABERG 2,810 8.3% 89 -7.5% 6% 0.1% 1 -1.0%
GLADSTONE 1,730 7.9% 114 -9.8% -13% -1.6% -1 -0.9%
MACKAY 2,776 7.2% 95 -9.0% -2% -0.3% 12 -2.1%
ROCKHAMPTON 3,308 7.8% 94 -8.0% -7% -1.0% 1 -0.6%
TOOWOOMBA 4,291 8.7% 62 -4.5% 8% 0.5% -17 0.9%
TOWNSVILLE 4,230 7.1% 89 -7.4% 3% 0.0% -1 0.1%
0
20
40
60
80
100
120
140
160
Brisb
ane
SD
Brisb
ane
Ipsw
ich
Loga
n
Mor
eton
Bay
Redl
and
Gol
d Co
ast
Suns
hine
Coa
st
Bund
aber
g
Cairn
s
Fras
er C
oast
Gla
dsto
ne
Mac
kay
Rock
ham
pton
Toow
oom
ba
Tow
nsvi
lle
Average Days On Market - UNITS
2013* 2014*
*12mths to the end of August Source: REIQ, data supplied by RP Data
-12.0%
-10.0%
-8.0%
-6.0%
-4.0%
-2.0%
0.0%
Average Vendor Discounting - UNITS 2013* 2014*
0
20
40
60
80
100
120
140
Brisb
ane
SD
Brisb
ane
Ipsw
ich
Loga
n
Mor
eton
Bay
Redl
and
Gol
d Co
ast
Suns
hine
…
Bund
aber
g
Cairn
s
Fras
er C
oast
Gla
dsto
ne
Mac
kay
Rock
ham
pton
Toow
oom
ba
Tow
nsvi
lle
Average Days On Market - HOUSES
2013* 2014*
*12mths to the end of August Source: REIQ, data supplied by RP Data
-12.0%
-10.0%
-8.0%
-6.0%
-4.0%
-2.0%
0.0%
Average Vendor Discounting - HOUSES 2013* 2014*
38 QUEENSLAND MARKET MONITOR
ON THE MARKET INDICATORS
0
20
40
60
80
100
120
140
160
Average Days On Market - UNITS
2013* 2014**12mths to the end of May
Source: REIQ, data supplied by RP Data
-14.0%
-12.0%
-10.0%
-8.0%
-6.0%
-4.0%
-2.0%
0.0%
Average Vendor Discounting - UNITS2013* 2014*
UNITS & TOWNHOUSES CHANGE OVER YEAR
LGA TOTAL LISTINGS
% STOCK ON MARKET
DAYS ON MARKET*
VENDOR DISCOUNT*
TOTAL LISTINGS
% STOCK ON MARKET
DAYS ON MARKET*
VENDOR DISCOUNT*
SOUTHEAST QLD % PTS % PTS
BRISBANE 8,502 6.4% 66 -4.8% 12% 0.3% -22 0.7%
IPSWICH 442 10.3% 117 -7.4% 2% -0.4% -17 0.8%
LOGAN 1,499 10.8% 101 -6.3% 25% 1.7% -15 2.0%
MORETON BAY 1,978 9.3% 100 -5.5% 23% 1.3% -22 2.1%
REDLAND 647 9.5% 90 -5.3% 4% 0.0% -29 1.0%
TOURISM CENTRES
GOLD COAST 10,807 9.1% 93 -6.7% 6% 0.4% -19 1.8%
SUNSHINE COAST 4,825 9.6% 106 -6.4% 6% -0.4% -10 1.4%
CAIRNS 2,137 8.0% 97 -7.6% -1% -0.3% -21 1.5%
FRASER COAST 516 11.1% 118 -6.6% 4% 0.2% -17 1.9%
REGIONAL QLD
BUNDABERG 394 11.1% 138 -8.0% 13% 1.0% 38 -1.4%
GLADSTONE 262 7.2% 130 -11.3% -22% -3.0% 1 -2.6%
MACKAY 471 7.9% 129 -12.9% 4% -0.3% 21 -5.0%
ROCKHAMPTON 406 7.7% 112 -6.6% 5% -3.4% -11 0.4%
TOOWOOMBA 588 8.9% 76 -4.3% 15% 0.7% -6 0.6%
TOWNSVILLE 1,235 10.3% 126 -9.4% 6% 0.0% -6 0.9%
39 SEPTEMBER QUARTER 2014
RENTAL MARKET INDICATORS
RENTAL MARKET INDICATORS
RESIDENTIAL VACANCY RATES
AS AT END OF: SEP-14 JUN-14 TREND STATUS
GREATER BRISBANE COLUMN1 COLUMN2 COLUMN3 COLUMN4
BRISBANE SD 2.0% 2.3% DOWN TIGHT
BRISBANE CITY 2.3% 2.4% STEADY TIGHT
BRISBANE INNER 2.9% 3.4% DOWN HEALTHY
BRISBANE BALANCE 2.0% 1.7% STEADY TIGHT
BRISBANE SURROUNDS 1.7% 2.2% DOWN TIGHT
IPSWICH CITY 1.6% 3.0% DOWN TIGHT
LOGAN CITY 1.5% 2.8% DOWN TIGHT
MORETON BAY 1.8% 1.7% STEADY TIGHT
CABOOLTURE 1.6% 1.5% STEADY TIGHT
PINE RIVERS 1.9% 0.9% UP TIGHT
REDCLIFFE 2.1% 2.4% DOWN TIGHT
REDLAND CITY 1.8% 1.5% UP TIGHT
MAINLAND 1.9% 1.4% UP TIGHT
BAY ISLANDS N/A 2.6% N/A N/A
TOURISM CENTRES COLUMN1 COLUMN2 COLUMN3 COLUMN4
GOLD COAST CITY 1.9% 1.7% STEADY TIGHT
SUNSHINE COAST (INCL NOOSA) 1.1% 1.2% STEADY TIGHT
SUNSHINE COAST 1.0% 1.1% STEADY TIGHT
CALOUNDRA COAST 1.2% 0.9% UP TIGHT
MAROOCHY COAST 1.0% 0.9% STEADY TIGHT
HINTERLAND* 0.8% 2.0% DOWN TIGHT
NOOSA* 1.2% 2.0% DOWN TIGHT
FRASER COAST 2.1% 2.5% DOWN TIGHT
HERVEY BAY 1.9% 1.9% STEADY TIGHT
MARYBOROUGH 2.4% 3.2% DOWN TIGHT
CAIRNS 1.8% 2.0% STEADY TIGHT
REGIONAL QLD COLUMN1 COLUMN2 COLUMN3 COLUMN4
BUNDABERG 2.9% 4.0% DOWN HEALTHY
GLADSTONE 4.7% 5.6% DOWN WEAK
MACKAY 8.4% 6.8% UP WEAK
ROCKHAMPTON 4.1% 4.8% DOWN WEAK
TOOWOOMBA 1.6% 1.5% STEADY TIGHT
TOWNSVILLE 4.8% 5.4% DOWN WEAK
OTHER REGIONAL AREAS COLUMN1 COLUMN2 COLUMN3 COLUMN4
BANANA 4.8% N/A N/A WEAK
DOUGLAS 6.7% 2.2% UP WEAK
GYMPIE 1.9% 2.0% STEADY TIGHT
SCENIC RIM 4.7% N/A N/A WEAK
SOUTHERN DOWNS 4.1% 3.3% UP WEAK
WESTERN DOWNS 13.0% N/A N/A WEAK
WHITSUNDAY 6.2% 13.0% DOWN WEAK
GROSS YIELDS HOUSES UNITS
LOCAL GOVERNMENT AREA SEP-14 JUN-14 SEP-14 JUN-14
GREATER BRISBANE
BRISBANE CITY 3.7% 3.7% 5.0% 4.9%
IPSWICH CITY 5.2% 5.2% 5.4% 4.6%
LOGAN CITY 5.2% 5.1% 5.6% 6.0%
MORETON BAY 4.6% 4.6% 4.4% 4.4%
REDLAND CITY 4.2% 4.2% 4.8% 5.0%
TOURISM CENTRES
GOLD COAST CITY 4.5% 4.3% 5.5% 5.3%
SUNSHINE COAST 4.4% 4.4% 4.9% 4.9%
NOOSA 4.2% 3.8% 4.7% 5.2%
CAIRNS 4.8% 4.8% 6.9% 6.4%
FRASER COAST 5.1% 5.1% 5.1% 4.9%
REGIONAL AREAS
BUNDABERG 5.5% 5.2% 5.1% 4.4%
GLADSTONE 4.4% 4.4% 3.5% 4.4%
MACKAY 4.6% 4.6% 4.3% 4.7%
ROCKHAMPTON 5.1% 4.9% 2.9% 3.0%
TOOWOOMBA 4.6% 4.6% 4.5% 4.8%
TOWNSVILLE CITY 4.9% 4.8% 5.5% 5.2%
OTHER REGIONAL AREAS
BALONNE 7.0% N/A N/A N/A
BANANA 5.7% 6.1% N/A N/A
BURDEKIN 6.5% 7.6% N/A N/A
CASSOWARY COAST 6.0% 7.1% 17.3% N/A
CENTRAL HIGHLANDS 4.3% 3.8% N/A N/A
CHARTERS TOWERS 7.0% 7.6% N/A N/A
DOUGLAS 5.3% 4.7% 7.6% 5.9%
GOONDIWINDI 5.9% 6.7% N/A N/A
GYMPIE 5.4% 5.3% 4.1% N/A
ISAAC 7.2% 6.7% N/A N/A
LIVINGSTONE 5.0% 5.1% 4.6% 4.9%
LOCKYER VALLEY 5.6% 5.9% N/A N/A
MARANOA 7.5% 6.9% N/A N/A
MAREEBA 5.8% 5.9% N/A N/A
MOUNT ISA 7.0% 6.9% N/A N/A
NORTH BURNETT 7.0% 7.8% N/A N/A
SCENIC RIM 4.6% 5.0% N/A N/A
SOMERSET 5.6% 5.3% N/A N/A
SOUTH BURNETT 6.0% 6.1% N/A N/A
SOUTHERN DOWNS 5.5% 5.2% N/A N/A
TABLELANDS 5.4% 5.6% N/A N/A
WESTERN DOWNS 5.6% 6.9% N/A N/A
WHITSUNDAY 4.5% 4.6% 5.8% 4.9%
VACANCY TREND: STEADY =
+/- 0.2%
UP =
> +
0.3%;
DOWN =
< -0.3%
OR MORE
MARKET STATUS:
TIGHT <2.5%
HEALTHY =
2.5-3.5%
WEAK >
3.5%
The Real Estate Institute of Queensland Ltd. Copyright 2014 21 Turbo Drive, Coorparoo, PO Box 1555, Coorparoo DC Q 4151
Ph: (07) 3249 7347 Fax: (07) 3249 6211 Email: [email protected]
Queensland Market Monitor is published byThe Real Estate Institute of Queensland (REIQ).
ABN 49 009 661 287
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) 2014. Based on data provided with the permission of the Department of Natural Resources and Mines: [QVAS 2014)]. 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.
Data report date: 11 November 2014 Published date: 05 December 2014
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REGIONAL MARKET UPDATES
SEPTEMBER QUARTER 2014
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