4655

Quarterly Market Report

APRIL – JUNE 2014

A Message from Damian Welcome to my Quarterly Report for the 4655 postcode – I hope you like

the new, more modern and professional layout and look!

A strange quarter for the market in Hervey Bay; as many Capital cities continually report record

sales, we are faced with the situation of what appears to be a slight slowdown.

I have sensed this for a while now and those of you that read the monthly newsletter, may not be

overly surprised by this comment, however, the statistics uphold and confirm my suspicions; as this

quarter, we see sales volume drop, median sale price drop across all property types and number of

properties available for sale drop substantially.

I would not be running for the hills quite yet though – QTR 2 is traditionally our quietest in Hervey

Bay and so this year may just be normal trends showing through....let’s wait and see.

On a more positive note; this quarter we celebrated the opening of the new Stockland shopping

centre – a major extension and upgrade that has seen the retail floor area more than double at a

cost of approximately $155million. This significant investment in Hervey Bay is obviously a sign of

faith from a major blue chip company and something we should use a gauge for the future growth

of Hervey Bay.

We also see major road works start to come to fruition and months of delays coming to an end as

new road networks and major road upgrades start to open making the medical and education

precincts in our town more accessible and user friendly.

REMEMBER:

The idea of this report, is to ensure you have a handle on the market place and have all of the

information you may require should you decide to get involved in real estate here in Hervey Bay.

This report is for you – so if you have any comment please let me know; if there is information you

feel is missing or stuff you love to see I welcome your feedback.

Each report will cover residential sales only; this includes houses, land, units and townhouses. DISCLAIMER The statistics in this report are collated from RP Data and realestate.com.au and are provided in good faith by Harcourts Hervey Bay. We cannot purport to their accuracy and will not be held in any way responsible for their accuracy or otherwise.

4655 – The Overview

Urangan

Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

HOUSE 31 $240,000 $700,000 $316,500 $359,822 $11,154,500

LAND 4 $165,000 $200,000 $184,000 $183,250 $733,000

UNIT 10 $150,000 $312,000 $275,000 $268,300 $2,683,000

TOTAL 45

$14,570,500

Torquay

Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

HOUSE 18 $225,000 $533,000 $316,000 $322,361 $5,802,500

LAND 1 $305,000 $305,000 $305,000 $305,000 $305,000

UNIT 4 $95,000 $322,000 $166,000 $187,250 $749,000

TOTAL 23

$6,856,500

Scarness

Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

HOUSE 17 $197,500 $562,500 $255,000 $270,058 $4,591,000

LAND 2 $136,500 $136,500 $136,500 $136,500 $273,000

UNIT 7 $165,000 $600,000 $260,000 $279,714 $1,958,000

TOTAL 26

$6,822,000

Pialba

Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

HOUSE 5 $200,000 $349,000 $267,000 $271,200 $1,356,000

UNIT 7 $185,000 $460,000 $255,000 $288,142 $2,017,000

TOTAL 12

$3,373,000

Point Vernon

Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

HOUSE 20 $150,000 $572,000 $282,000 $308,400 $6,168,000

LAND 1 $157,500 $157,500 $157,500 $157,500 $157,500

TOTAL 21

$6,325,500

Eli Waters

Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

HOUSE 20 $150,000 $572,000 $282,000 $308,400 $6,168,000

LAND 1 $157,500 $157,500 $157,500 $157,500 $157,500

TOTAL 21

$6,325,500

Urraween

Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

HOUSE 10 $258,500 $470,000 $322,000 $344,550 $3,445,500

LAND 4 $142,500 $473,000 $314,000 $310,875 $1,243,500

OTHER 1 $326,000 $326,000 $326,000 $326,000 $326,000

TOTAL 15

$5,015,000

Kawungan

Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

HOUSE 33 $160,000 $535,000 $327,500 $339,636 $11,208,000

LAND 1 $187,000 $187,000 $187,000 $187,000 $187,000

UNIT 1 $165,000 $165,000 $165,000 $165,000 $165,000

TOTAL 35

$11,560,000

Wondunna

Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

HOUSE 15 $280,000 $600,000 $450,000 $455,133 $6,827,000

LAND 8 $90,000 $220,000 $146,000 $154,531 $1,236,250

TOTAL 23

$8,063,250

River Heads

Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

HOUSE 15 $55,000 $650,000 $285,000 $313,433 $4,701,500

LAND 23 $53,000 $290,000 $105,000 $108,467 $2,494,750

TOTAL 38

$7,196,250

Craignish

Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

HOUSE 1 $560,000 $560,000 $560,000 $560,000 $560,000

LAND 3 $102,000 $300,000 $118,000 $173,333 $520,000

TOTAL 4

$1,080,000

Dundowran Beach

Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

HOUSE 4 $227,500 $640,000 $425,000 $429,375 $1,717,500

LAND 4 $145,000 $265,000 $186,250 $195,625 $782,500

TOTAL 8

$2,500,000

Booral

Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

HOUSE 3 $325,000 $660,000 $640,000 $541,666 $1,625,000

LAND 2 $125,000 $320,500 $222,750 $222,750 $445,500

TOTAL 5

$2,070,500

Toogoom

Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

HOUSE 5 $250,000 $515,000 $275,000 $329,800 $1,649,000

LAND 7 $85,000 $410,000 $95,000 $162,857 $1,140,000

TOTAL 12

$2,789,000

Damian Raxach

0403 880 327