Qmm Issue 6 Lj Gilland

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Y O U R S T A T E W I D E P R O P E R T Y R E S E A R C H G U I D E - S U B U R B B Y S U B U R B

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Y O U R S T A T E - W I D E P R O P E R T Y R E S E A R C H G U I D E - S U B U R B B Y S U B U R B

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10% Deposit - it just makes senseClick here to discover how a Deposit Power Guarantee can secure a 10% deposit.

MARCH QUARTER 2010QUEENSLAND PROPERTY MARKET HOLDS STEADY

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SNAPSHOT Of LGA DATA

www.reiq.com.auIssue 6 - March Quarter 2010 page 2

MARKETMONITORQ

UE

EN

SLA

ND

MARCH QUARTER 2010 STATE-WIDE SUMMARY

CONTENTS

State-wide Summary.................................. page 2

Regional Overview

[Houses, Units & Townhouses, Vacant land, Rents]

Brisbane City.......................................... page 4 Brisbane Surrounds.............................. page 9 Gold Coast City..................................... page 13 Toowoomba Regional........................... page 16 Sunshine Coast City............................ page 18 fraser Coast Regional.......................... page 20 Bundaberg Regional.............................. page 22 Gladstone Regional............................... page 24 Rockhampton Regional......................... page 25 Mackay Regional.................................... page 27 Townsville City........................................ page 29 Cairns Regional...................................... page 31 Other Regional Areas............................ page 33

Gross Rental Yields...................................... page 36

Explanatory Notes....................................... page 36

Research Methodology............................. page 37

Contact Details.............................................. page 37

MARCH QUARTER 2010 HOUSES

LOCAL GOVERNMENT AREA Median Change

Mar Qtr 10 over qtr

The Real Estate Institute of Queensland Ltd. Copyright © 2010

21 Turbo Drive, Coorparoo, PO Box 1555, Coorparoo DC Q 4151

Ph: (07) 3249 7347 fax: (07) 3249 6211 Email: [email protected]

Queensland Market Monitor is published byThe Real Estate Institute of Queensland (REIQ).

ABN 49 009 661 287

Disclaimer: The information contained in this publication, while based on information believed reliable, is not guaranteed. Nor is any of it tendered by way of investment advice; instead, it is intended only to inform and illustrate. No reader should act on the basis of any matter contained in this publication without considering and if necessary taking appropriate professional advice with regards to their own particular circumstances. The publisher and editor give no representations and make no warranties, express or implied, with respect to the accuracy or completeness of any of the material (including statistics, advertisements and advertising features) contained in this publication. The publisher and editor expressly disclaim any and all liability to the reader, whether a purchaser of this publication or not, in respect of anything and the consequences of anything done or omitted to be done by any such person in reliance, whether whole or partial, upon the whole or any part of the contents of this publication. The publisher, editor or contributors will enter into no correspondence in relation to this publication. The mention of the company, organisation, person, investment strategy or technique does not imply endorsement by the publisher. The publisher has not vetted advertisers and their products/services. The inclusion of advertisements or special advertising features in this publication does not imply endorsement of the advertiser/s or their products/services by the publisher. Articles are published in reliance upon the representations and warranties of the authors of the articles and without knowledge of any infringement of any third party’s copyright. Copyright: This publication is protected under the Commonwealth Copyrights Act 1968 and may not, in whole or part, be lent, copied, photocopied, reproduced, translated or reduced to any electronic medium or machine-readable format without the express permission of the publisher. For permissions or reprints, contact the Market Place Strategy Division on phone 07 3249 7347.

PUBLISHED: 11 June 2010

SOUTHEAST QUEENSLAND

BRISBANE (SD) $455,000 0.9%

BRISBANE CITY $535,000 0.0%

IPSWICH CITY $320,000 -1.2%

LOGAN CITY $369,000 1.9%

MORETON BAY REGIONAL $401,750 0.4%

REDLAND CITY ~ $477,000 3.5%

GOLD COAST CITY $510,000 0.0%

SUNSHINE COAST REGIONAL $480,000 1.1%

MAJOR REGIONAL CENTRES

TOOWOOMBA REGIONAL $300,000 1.7%

FRASER COAST REGIONAL $317,000 0.8%

BUNDABERG REGIONAL $289,000 -2.0%

GLADSTONE REGIONAL $383,000 7.9%

ROCKHAMPTON REGIONAL $322,000 -2.4%

MACKAY REGIONAL $403,000 -0.4%

TOWNSVILLE CITY $375,000 -2.6%

CAIRNS REGIONAL $370,000 -0.7%

Median house and unit prices Queensland’s residential property market experienced a steady level of demand and price growth over the March quarter. Across most parts of the State, the number of preliminary sales was up during the period on the back of increased demand from non-first home buyers. Demand across the board however has since weakened, as the cumulative interest rate increases of more than 1.5 percentage points since October start to bite.

Agents are reporting slower activity from all segments of the market with areas reliant on mining activity feeling extra pressure from the uncertainty surrounding the proposed resources tax.

The Central Queensland region has benefited greatly from the resources sector and, until the super tax was announced, there were billions of dollars of investment planned for the area. But many of the proposed projects are now on hold, with development of new industries such as LNG appearing also to be frozen.

Across the region, agents are reporting much quieter conditions. Indeed, long before the super tax was announced, one agent described how it was like “someone turned the taps off” at Easter.

Before the mining tax was announced, Gladstone in particular was performing extremely well. It recorded the highest median


MARKETMONITORQ

UE

EN

SLA

ND

BRISBANE CITYMARCH QUARTER 2010 STATE-WIDE SUMMARY

QUEENSLAND HOUSE SALESQUEENSLAND HOUSE SALESQUEENSLAND HOUSE SALES<$350,000 <$500,000 <$1m $1m+<$350,000 <$500,000 <$1m $1m+<$350,000 <$500,000 <$1m $1m+

311311311

3444 4833 3312MAR 10 3444 4833 3312MAR 10 3444 4833 3312MAR 10

299299299

3271 4502 3133DEC 09 3271 4502 3133DEC 09 3271 4502 3133DEC 09

129129129

4579 5132 2060MAR 09 4579 5132 2060MAR 09 4579 5132 2060MAR 09

QUEENSLAND UNIT SALESQUEENSLAND UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+<$250,000 <$350,000 <$500,000 <$1m $1m+

704 1625 1731 884 186MAR 10 704 1625 1731 884 186MAR 10

651 1498 1603 887 181DEC 09 651 1498 1603 887 181DEC 09

876 1794 1397 557 108MAR 09 876 1794 1397 557 108MAR 09

QUEENSLAND LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ $1m+

704 1625 1731 884 186MAR 10

651 1498 1603 887 181DEC 09

876 1794 1397 557 108MAR 09

4579

3271

3444

5132

4502

4833

2060

3133

3312

129

299

311

MAR 09

DEC 09

MAR 10

QUEENSLAND HOUSE SALES<$350,000 <$500,000 <$1m $1m+

876

651

704

1794

1498

1625

1397

1603

1731

557

887

884

108

181

186

MAR 09

DEC 09

MAR 10

QUEENSLAND UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+

876

651

704

1794

1498

1625

1397

1603

1731

557

887

884

108

181

186

MAR 09

DEC 09

MAR 10



311311311

3444 4833 3312MAR 10 3444 4833 3312MAR 10 3444 4833 3312MAR 10

299299299

3271 4502 3133DEC 09 3271 4502 3133DEC 09 3271 4502 3133DEC 09

129129129

4579 5132 2060MAR 09 4579 5132 2060MAR 09 4579 5132 2060MAR 09


704 1625 1731 884 186MAR 10 704 1625 1731 884 186MAR 10

651 1498 1603 887 181DEC 09 651 1498 1603 887 181DEC 09

876 1794 1397 557 108MAR 09 876 1794 1397 557 108MAR 09


704 1625 1731 884 186MAR 10

651 1498 1603 887 181DEC 09

876 1794 1397 557 108MAR 09

4579

3271

3444

5132

4502

4833

2060

3133

3312

129

299

311

MAR 09

DEC 09

MAR 10


876

651

704

1794

1498

1625

1397

1603

1731

557

887

884

108

181

186

MAR 09

DEC 09

MAR 10


876

651

704

1794

1498

1625

1397

1603

1731

557

887

884

108

181

186

MAR 09

DEC 09

MAR 10


house price growth of any major regional central over the March quarter, up 7.9 per cent to $383,000. Billions of dollars of projects from proposed LNG plants, smelter expansions and upgrades, a new railway and steel plant as well as the $65 million airport expansion and upgrade are either under way or under study for the region. Since that time, however, higher interest rates and the proposed mining tax has impacted the area with sales activity lower over recent weeks.

Over the year ending March, Toowoomba took the honours with a median house price rise of 9.8 per cent to $289,000. There has been an increase in investor activity since January and this is tipped to continue as the likelihood of Toowoomba becoming the economic and service hub for the Surat Basin intensifies.

The Toowoomba region has long operated on its own cycle with solid activity and price growth, partly due to the affordable price of property in the area. However, the development of coal seam gas in the Surat Basin Energy Province is likely to have a positive impact on Toowoomba’s economy, generally in the years ahead.

Queensland’s unit and townhouse market also produced stable results over the March quarter with demand steady.

This segment of the market has been negatively impacted over recent times due to restricted access to finance from lenders, an issue that appears to be continuing as the global economic situation remains unsettled.

New unit and townhouse developments in regional areas are becoming more prevalent, ensuring a changing landscape in places traditionally favouring houses and land.

Rockhampton, Mackay and Gladstone are all now home to unit developments priced at the top end of the market. The river-side Edge luxury apartments in Rockhampton is the latest prestige development to be constructed in the region, while the final touches are being completed on the Aspex apartments in Gladstone, with prices starting at $750,000.

Median land prices Demand for vacant urban land continues to be firm across the State with steady sales numbers and price performance.

Queensland’s booming population is likely to see demand for vacant urban land to be funnelled into specific areas outside of Brisbane and the Gold Coast, where land is more readily available. The State Government’s regional first home owner boost – introduced on 1 June – will provide $4,000 for new homes built in regional areas in a bid to push people to outlying areas.

The government has also announced that three super-cities will be developed in South East Queensland’s west and southwest to quickly deliver new master-planned communities for an extra 250,000 people. Construction of Ripley Valley, west of Springfield, and Greater Flagstone and Yarrabilba in Logan’s south has been brought forward to now begin before the end of 2011.

Rental market After 18 months of easing demand, the rental market in many parts of Queensland appears to be starting to feel the pinch once again.

Thousands of Queenslanders became first home owners during late 2008 and throughout 2009 which alleviated some of the pent-up demand that had been burdening the rental market for more than four years.

Over the past year, there has been little or no growth in rents as the rental market returned to a more balanced state of affairs.


311311311

3444 4833 3312MAR 10 3444 4833 3312MAR 10 3444 4833 3312MAR 10

299299299

3271 4502 3133DEC 09 3271 4502 3133DEC 09 3271 4502 3133DEC 09

129129129

4579 5132 2060MAR 09 4579 5132 2060MAR 09 4579 5132 2060MAR 09


704 1625 1731 884 186MAR 10 704 1625 1731 884 186MAR 10

651 1498 1603 887 181DEC 09 651 1498 1603 887 181DEC 09

876 1794 1397 557 108MAR 09 876 1794 1397 557 108MAR 09


704 1625 1731 884 186MAR 10

651 1498 1603 887 181DEC 09

876 1794 1397 557 108MAR 09

4579

3271

3444

5132

4502

4833

2060

3133

3312

129

299

311

MAR 09

DEC 09

MAR 10


876

651

704

1794

1498

1625

1397

1603

1731

557

887

884

108

181

186

MAR 09

DEC 09

MAR 10


876

651

704

1794

1498

1625

1397

1603

1731

557

887

884

108

181

186

MAR 09

DEC 09

MAR 10



MARKETMONITORQ

UE

EN

SLA

ND

BRISBANE CITY

99

3

BRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALESBRISBANE CITY HOUSE SALES ROCKHAMPTON HOUSE SALESTOOWOOMBA HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 $500,000+

147 157 334147 157 334147 157 334147 157 334 2022022022021045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 101045 1557MAR 10 89 36MAR 10116 39MAR 10

136 352136 352136 352136 352 159159159159254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09254 1358 1409SEP 09 96 32DEC 09116 47DEC 09

44444444 225463 225463 225463 225463

251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09251 1273 927MAR 09 88 25MAR 09116 20MAR 09

BRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALESBRISBANE SURROUNDS' HOUSE SALES FRASER COAST HOUSESALES MACKAY HOUSE SALES

<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+

18 7418 7418 74993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10993 1373 541MAR 10 221 93 14MAR 10 211 56MAR 10

20 8620 8620 86935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09935 1278 490DEC 09 198 92 20DEC 09 167 66DEC 09

9 8787871534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 091534 1511 344MAR 09 251 59 10MAR 09 164 34MAR 09

INCLUDESINCLUDESINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALREDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL

GOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALESGOLD COAST HOUSE SALES BUNDABERG HOUSE SALES TOWNSVILLE HOUSE SALES<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+

18 7518 75

531 531MAR 10 MAR 10 195 263 60MAR 10531 531MAR 10 MAR 10 195 263 60MAR 10210 71 16210 71 16

33 5233 52

483 511DEC 09 190 255 97DEC 09483 511DEC 09 190 255 97DEC 09180 61 13DEC 09 180 61 13DEC 09

48 4448 44MAR 09 248 249 32MAR 09MAR 09 248 249 32MAR 09681 344 256 51 3MAR 09681 344 256 51MAR 09

SUNSHINE COAST HOUSE SALES CAIRNS HOUSE SALESGLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+

59 51

469 351MAR 10 144 190 52MAR 1058 91 26MAR 10

44 36

409 298DEC 09 164 184 66DEC 0980 67 21DEC 09

111 29

457 240MAR 09 202 187 45MAR 0953 86 4MAR 09

251

254

147

1273

1358

1045

927

1409

1557

44

136

157

MAR 09

SEP 09

MAR 10

BRISBANE CITY HOUSE SALES<$350,000 <$500,000 <$1m $1m+

1534

935

993

1511

1278

1373

344

490

541

9

20

18

MAR 09

DEC 09

MAR 10

BRISBANE SURROUNDS' HOUSE SALES

<$350,000 <$500,000 <$1m $1m+

INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL

48

33

18

681

483

531

344

511

531

44

52

75

MAR 09

DEC 09

MAR 10

GOLD COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+

111

44

59

457

409

469

240

298

351

29

36

51

MAR 09

DEC 09

MAR 10

SUNSHINE COAST HOUSE SALES<$350,000 <$500,000 <$1m $1m+

256

180

210

51

61

71

3

13

16

MAR 09

DEC 09

MAR 10

BUNDABERG HOUSE SALES<$350,000 <$500,000 $500,000+

202

164

144

187

184

190

45

66

52

MAR 09

DEC 09

MAR 10

CAIRNS HOUSE SALES<$350,000 <$500,000 $500,000+

251

198

221

59

92

93

10

20

14

MAR 09

DEC 09

MAR 10

FRASER COAST HOUSESALES<$350,000 <$500,000 $500,000+

53

80

58

86

67

91

4

21

26

MAR 09

DEC 09

MAR 10

GLADSTONE HOUSE SALES<$350,000 <$500,000 $500,000+

248

190

195

249

255

263

32

97

60

MAR 09

DEC 09

MAR 10

TOWNSVILLE HOUSE SALES<$350,000 <$500,000 $500,000+

87

86

74

164

167

211

34

66

56

MAR 09

DEC 09

MAR 10

MACKAY HOUSE SALES<$350,000 <$500,000 $500,000+

225

159

202

88

96

89

25

32

36

MAR 09

DEC 09

MAR 10

ROCKHAMPTON HOUSE SALES<$350,000 <$500,000 $500,000+

463

352

334

116

116

116

20

47

39

MAR 09

DEC 09

MAR 10

TOOWOOMBA HOUSE SALES<$350,000 <$500,000 $500,000+

8 3

4

8

2

1

3

1

5

7

6

7

8 3

4

8

2

1

2

2

1

3

1

5

7

6

7

8 3

4

8

2

1

BRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALESBRISBANE CITY UNIT SALES ROCKHAMPTON UNIT SALESTOOWOOMBA UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+

57575757

310 774 300 36MAR 10 53 35 1MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10310 774 300 36MAR 10 53 35MAR 10 12 41 8MAR 10 12 41MAR 10 12 41MAR 10 12 41MAR 10

7676767651 2515151521 944 336SEP 09 30 22 4DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09521 944 336SEP 09 30 22DEC 0944 26DEC 09

71717171514 660 169 19MAR 09 8 15 3MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09514 660 169 19MAR 09 15MAR 0970 36MAR 09

BRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALESBRISBANE SURROUNDS' UNIT SALES FRASER COAST UNIT SALES MACKAY UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+

118 289 123 68DEC 09 13 22 5MAR 10 16 41 7MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10118 289 123 68DEC 09 13 22MAR 10 16 41MAR 10

119 242 140 60SEP 09 17 34 1DEC 09 21 27 6DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09119 242 140 60SEP 09 17 34DEC 09 21 27DEC 09

163 277 69 21MAR 09 22 31 3MAR 09 18 29 7MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09163 277 69 21MAR 09 22 31MAR 09 18 29MAR 09

INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONALINCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL

GOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALESGOLD COAST UNIT SALES BUNDABERG UNIT SALES TOWNSVILLE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+

125 510 509 103347MAR 10 19 28 1MAR 10 29 107 18MAR 10125 510 509 103347MAR 10 19 28MAR 10 29 107 18MAR 10

112 476 427 89313DEC 09 DEC 09 23 76 19DEC 09112 476 427 89313DEC 09 DEC 09 23 76 19DEC 0915 21 215 21

172 566 404 68244MAR 09 45 84 17MAR 09172 566 404 68244MAR 09 45 84 17MAR 0933 20 2MAR 09 33 20MAR 09

SUNSHINE COAST UNIT SALES CAIRNS UNIT SALESGLADSTONE UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+

50 186 169 30118MAR 10 149 112 19MAR 1010 27 3MAR 10

55 169 157 26124DEC 09 132 126 42DEC 095 14 6DEC 09

66 197 151 1573MAR 09 45 84 17MAR 098 10 1MAR 09

71

76

57

514

521

310

660

944

774

169

336

300

19

51

36

MAR 09

SEP 09

MAR 10

BRISBANE CITY UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+

163

119

118

277

242

289

69

140

123

21

60

68

MAR 09

SEP 09

DEC 09

BRISBANE SURROUNDS' UNIT SALES<$250,000 <$350,000 <$500,000 $500,000+


172

112

125

566

476

510

404

427

509

68

89

103

244

313

347

MAR 09

DEC 09

MAR 10

GOLD COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+

66

55

50

197

169

186

151

157

169

15

26

30

73

124

118

MAR 09

DEC 09

MAR 10

SUNSHINE COAST UNIT SALES<$250,000 <$350,000 <$500,000 <$1m $1m+

33

15

19

20

21

28

2

2

1

MAR 09

DEC 09

MAR 10

BUNDABERG UNIT SALES<$250,000 <$500,000 $500,000+

45

132

149

84

126

112

17

42

19

MAR 09

DEC 09

MAR 10

CAIRNS UNIT SALES<$250,000 <$500,000 $500,000+

22

17

13

31

34

22

3

1

5

MAR 09

DEC 09

MAR 10

FRASER COAST UNIT SALES<$250,000 <$500,000 $500,000+

8

5

10

10

14

27

1

6

3

MAR 09

DEC 09

MAR 10

GLADSTONE UNIT SALES<$250,000 <$500,000 $500,000+

45

23

29

84

76

107

17

19

18

MAR 09

DEC 09

MAR 10

TOWNSVILLE UNIT SALES<$250,000 <$500,000 $500,000+

18

21

16

29

27

41

7

6

7

MAR 09

DEC 09

MAR 10

MACKAY UNIT SALES<$250,000 <$500,000 $500,000+

8

30

12

15

22

41

3

4

8

MAR 09

DEC 09

MAR 10

ROCKHAMPTON UNIT SALES<$250,000 <$500,000 $500,000+

70

44

53

36

26

35

2

1

MAR 09

DEC 09

MAR 10

TOOWOOMBA UNIT SALES<$250,000 <$500,000 $500,000+

1

2

6

2

1

6

5

1

1

7

3

8

1

2

2 9

1

3

1

2

6

2

1

6

5

1

1

4

7

5

1

BUNDABERG LAND SALES

7

3

8

1

2

2

4

5

1

9

1

3

1

2

6

2

1

6

5

1

1

BRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALESBRISBANE CITY LAND SALES ROCKHAMPTON LAND SALESTOOWOOMBA LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+

30 70 61 14MAR 10 84 5 1MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 1030 70 61 14MAR 10 84MAR 10 72 6 1MAR 10 72MAR 10 72MAR 10 72MAR 10

98 172 55 19SEP 09 64 2 2DEC 0994 6 1DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 0998 172 55 19SEP 09 64DEC 0994DEC 09

60 80 28 10MAR 09 87 1MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 0960 80 28 10MAR 09 87MAR 0984MAR 09

BRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALESBRISBANE SURROUNDS' LAND SALES FRASER COAST LAND SALES MACKAY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+

118 289 123 68DEC 09 68 8 2MAR 10 94 9MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10118 289 123 68DEC 09 68MAR 10 94MAR 10

119 242 140 60SEP 09 49 3 2DEC 09 104 12 3DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09119 242 140 60SEP 09 49DEC 09 104 12DEC 09

163 277 69 21MAR 09 76 7 1MAR 09 70 10 1MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09163 277 69 21MAR 09 76MAR 09 70 10MAR 09


GOLD COAST LAND SALES BUNDABERG LAND SALES TOWNSVILLE LAND SALESGOLD COAST LAND SALES TOWNSVILLE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+

125 510 509 347MAR 10 66 5MAR 10 79 16 1MAR 10125 510 509 347MAR 10 66MAR 10 79 16MAR 10

112 476 427 313DEC 09 DEC 09 94 21 5DEC 09112 476 427 313DEC 09 DEC 09 94 21DEC 0956 7 156

172 566 404 244MAR 09 86 4MAR 09172 566 404 244MAR 09 86MAR 0945 4MAR 09 45MAR 09

SUNSHINE COAST LAND SALES CAIRNS LAND SALESGLADSTONE LAND SALES<$250,000 <$350,000 <$500,000 $500,000+ <$250,000 <$500,000 $500,000+<$250,000 <$500,000 $500,000+

50 186 169 118MAR 10 71 17 2MAR 1040 7 1MAR 10

55 169 157 124DEC 09 90 18 6DEC 0963 2 1DEC 09

66 197 151 73MAR 09 73 3 2MAR 0921 2MAR 09

60

98

30

80

172

70

28

55

61

10

19

14

MAR 09

SEP 09

MAR 10

BRISBANE CITY LAND SALES<$250,000 <$350,000 <$500,000 $500,000+

163

119

118

277

242

289

69

140

123

21

60

68

MAR 09

SEP 09

DEC 09

BRISBANE SURROUNDS' LAND SALES<$250,000 <$350,000 <$500,000 $500,000+


172

112

125

566

476

510

404

427

509

244

313

347

MAR 09

DEC 09

MAR 10

GOLD COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+

66

55

50

197

169

186

151

157

169

73

124

118

MAR 09

DEC 09

MAR 10

SUNSHINE COAST LAND SALES<$250,000 <$350,000 <$500,000 $500,000+

45

56

66

4

7

5

1

MAR 09

DEC 09

MAR 10

BUNDABERG LAND SALES<$250,000 <$500,000 $500,000+

73

90

71

3

18

17

2

6

2

MAR 09

DEC 09

MAR 10

CAIRNS LAND SALES<$250,000 <$500,000 $500,000+

76

49

68

7

3

8

1

2

2

MAR 09

DEC 09

MAR 10

FRASER COAST LAND SALES<$250,000 <$500,000 $500,000+

21

63

40

2

2

7

1

1

MAR 09

DEC 09

MAR 10

GLADSTONE LAND SALES<$250,000 <$500,000 $500,000+

86

94

79

4

21

16

5

1

MAR 09

DEC 09

MAR 10

TOWNSVILLE LAND SALES<$250,000 <$500,000 $500,000+

70

104

94

10

12

9

1

3

MAR 09

DEC 09

MAR 10

MACKAY LAND SALES<$250,000 <$500,000 $500,000+

87

64

72

1

2

6

2

1

MAR 09

DEC 09

MAR 10

ROCKHAMPTON LAND SALES<$250,000 <$500,000 $500,000+

84

94

84

6

5

1

1

MAR 09

DEC 09

MAR 10

TOOWOOMBA LAND SALES<$250,000 <$500,000 $500,000+

Median house and unit prices Brisbane’s house, and unit and townhouse, markets were flat over the March quarter with both recording nil price growth over the period. The Brisbane median house price remains at $535,000, while the unit and townhouse median is at $400,000.

The preliminary number of house sales in Brisbane was up 7 per cent over the March quarter, partly attributable to demand from second and third generation buyers. Demand has now weakened however as interest rates return to more historically average levels.

This demand from up-graders is evidenced by some of the strong Brisbane performers over the quarter and over the year with a number of suburbs that have medians above $550,000 performing well. Ashgrove, Carindale, East Brisbane, Graceville, Morningside and Taringa all experienced positive price growth over the period. Commonalities among these suburbs are their location within 10 kilometres of Brisbane’s CBD and the mix of housing available, from renovated Queenslanders and architecturally designed homes, to riverfront properties in Graceville and East Brisbane.

Brisbane’s unit and townhouse market experienced a steady number of sales over the March quarter, but was likely impacted by less demand from first home buyers following the cessation of financial incentives at the end of 2009.

Median prices in a number of suburbs have been impacted by the development of new stock which augurs well for demand in this segment of the market in the years ahead.

Solid performers over the quarter and over the year included Chermside and Moorooka. Chermside’s median unit and townhouse price increased 8.3 per cent over the quarter, and 10.7 per cent over the year. Moorooka’s median is up14 per cent over the quarter and 12.2 per cent over the year.

Both of these historically working class areas have been transformed by increased infrastructure in recent years and have both become home to new unit and townhouse developments. Chermside, especially, has a number of new two and three-bedroom apartment developments under way or completed including The Edge, Chermside Central and Equinox.

Median land pricesBrisbane’s vacant urban land market experienced a jump in demand over the year ending March 2010 on the back of the Federal Government’s First Home Owner Boost (FHOB). The number of preliminary sales over the year was 1,581 compared to 977 in the year ending March 2009.

The lack of available land in the Brisbane local government area will continue to constrain this segment of the market and is evidenced by the substantially higher number of preliminary sales five years ago - about 2,000 over the year.

The median vacant urban land price increased 6.7 per cent over the March quarter to $332,500, but was flat over the year.

Rental marketThe median rent for a two-bedroom unit in Brisbane increased $5 per week between March 2010 and March last year to $365. The median rent for a three-bedroom house increased $10 per week to $380 over the same period.

There has been increased activity in the inner suburb rental market, likely due to the wind-back of the FHOB. The vacancy rate for inner Brisbane came in at 2.3 per cent, down from 3.5 per cent in September last year. Outer Brisbane suburbs however remained steady at a vacancy rate of 2.6 per cent. Overall, the Brisbane metropolitan area is showing signs of increased demand, with the vacancy rate tightening slightly since September to 2.5 per cent.

Please see page 36 for legend and further notes


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HOUSES HOUSES continued

Suburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs

MEDIAN SALES DATA MEDIAN SALES DATASuburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs

BRISBANE (SD) 5,831 $455,000 0.9% $440,000 7.3% 41.9%

BRISBANE (SD) ^ 391 $585,000 3.1% $565,000 1.8% 31.4%

BRISBANE CITY (LGA) 2,906 $535,000 0.0% $512,000 6.7% 42.2%

BRISBANE CITY (LGA) ^ 55 $920,000 0.5% $925,000 -6.6% 22.9%

ACACIARIDGE 17 $345,000 0.0% $339,500 8.1% 52.0%

ALDERLEY 19 $580,000 -5.0% $587,500 1.0% 37.3%

ALGESTER 32 $430,000 3.5% $415,000 8.2% 48.2%

ANNERLEY 19 $615,000 -4.7% $536,250 -0.7% 45.5%

ASCOT~ 8 N/A N/A $1,110,000 -12.9% 41.8%

ASHGROVE 29 $730,000 14.4% $680,000 7.1% 51.1%

ASPLEY 32 $460,000 -0.9% $466,000 8.0% 45.6%

AUCHENFLOWER 15 $771,500 -4.8% $769,000 9.1% 44.4%

BALDHILLS 29 $385,000 -5.9% $400,000 6.1% 53.8%

BALMORAL~ 9 N/A N/A $705,000 -14.0% 29.1%

BANYO 23 $421,000 -4.9% $412,500 7.1% 42.2%

BARDON~ 37 $739,000 -7.6% $731,500 0.0% 52.4%

BELLBOWRIE~ 17 $440,000 -10.6% $460,000 2.3% 33.3%

BELMONT 16 $605,000 2.7% $570,000 1.8% 60.6%

BOONDALL 26 $424,500 -0.1% $415,000 1.2% 34.3%

BRACKENRIDGE 53 $420,000 2.9% $415,000 5.1% 34.8%

BRIDGEMANDOWNS~ 16 $643,750 -14.7% $680,000 11.5% 28.3%

BRIGHTON 35 $420,000 3.9% $401,250 1.9% 43.3%

BROOKFIELD 6 N/A N/A $800,000 N/A 32.1%

BULIMBA~ 19 $770,000 -16.5% $840,000 -6.7% 25.4%

CALAMVALE 47 $522,000 4.6% $494,950 3.1% 41.6%

CAMPHILL 42 $677,500 9.1% $600,000 0.8% 41.2%

CANNONHILL 22 $529,500 -3.9% $515,000 5.5% 33.9%

CARINA 25 $527,500 -1.7% $480,000 5.5% 40.1%

CARINAHEIGHTS 18 $509,500 -3.8% $520,000 12.4% 37.7%

CARINDALE 46 $705,000 4.4% $680,000 7.9% 43.5%

CARSELDINE 24 $564,000 10.8% $515,000 8.3% 36.1%

CHAPELHILL 30 $665,000 2.3% $631,000 6.1% 40.2%

CHELMER 12 $810,000 -9.0% $890,000 16.0% 27.1%

CHERMSIDE 15 $465,000 3.3% $455,500 2.4% 43.2%

CHERMSIDEWEST 28 $456,500 -5.9% $452,870 5.9% 45.2%

CLAYFIELD~ 21 $850,000 -16.7% $855,000 0.6% 37.9%

COOPERSPLAINS 16 $449,500 4.3% $423,000 4.2% 51.1%

COORPAROO 36 $683,500 2.2% $640,000 12.8% 48.8%

CORINDA 9 N/A N/A $572,500 1.3% 41.0%

DARRA 11 $374,000 N/A $347,500 5.3% 59.4%

DEAGON 15 $412,000 1.7% $400,000 11.1% 50.9%

DOOLANDELLA 7 N/A N/A $360,000 1.3% 46.9%

DREWVALE 15 $485,000 2.3% $471,500 8.4% 38.7%

DURACK 18 $365,500 -2.0% $355,000 6.6% 42.4%

EASTBRISBANE 12 $700,000 7.7% $662,500 8.3% 32.5%

EIGHTMILEPLAINS 29 $590,000 -1.5% $585,000 11.7% 39.3%

ENOGGERA 16 $544,500 1.8% $510,000 -2.4% 43.7%

EVERTONPARK 30 $482,000 -0.6% $455,000 3.0% 35.8%

FAIRFIELD 8 N/A N/A $595,000 1.7% 58.7%

FERNYGROVE 12 $493,650 3.3% $480,000 6.4% 31.5%

FIGTREEPOCKET~ 17 $835,000 18.9% $835,000 38.0% 70.4%

FITZGIBBON 9 N/A N/A $410,000 -1.2% 48.6%

FORESTLAKE 101 $410,000 -1.7% $390,250 4.1% 39.4%

GAYTHORNE 7 N/A N/A $575,500 N/A 62.1%

GEEBUNG 12 $455,000 2.8% $435,000 8.8% 52.6%

GORDONPARK~ 6 N/A N/A $570,000 -3.4% 44.3%

GRACEVILLE 22 $645,000 7.5% $645,000 8.9% 37.2%

GRANGE~ 6 N/A N/A $743,000 24.9% 71.2%

GREENSLOPES~ 20 $623,250 -9.7% $567,750 4.9% 52.9%

HAMILTON~ 6 N/A N/A $1,193,000 -0.6% 66.9%

HAWTHORNE 23 $850,000 -5.5% $850,000 15.9% 41.7%

HEATHWOOD 1 N/A N/A $520,000 -1.0% N/A

HEMMANT 11 $466,000 N/A $425,500 8.1% 52.2%

HENDRA~* 15 $776,000 -20.4% $770,000 13.2% 57.1%

HIGHGATEHILL~ 7 N/A N/A $760,000 -7.3% 51.8%

HOLLANDPARK 30 $550,500 3.9% $515,000 0.8% 51.5%

HOLLANDPARKWEST 26 $533,500 -0.7% $525,000 1.9% 49.1%

INALA 38 $303,750 -1.1% $295,500 1.9% 60.6%

INDOOROOPILLY~ 27 $675,000 -0.9% $627,500 -3.3% 21.3%

JAMBOREEHEIGHTS 11 $425,000 -0.9% $425,000 2.5% 46.6%

JINDALEE 14 $480,500 4.5% $460,500 4.7% 35.4%

KANGAROOPOINT 9 N/A N/A $657,250 -1.2% 51.4%

KARANADOWNS 10 $420,000 N/A $422,250 10.5% 38.4%

KARANADOWNS^ 5 N/A N/A $515,000 N/A 40.5%

KEDRON~ 27 $595,000 16.4% $492,000 1.4% 37.8%

KELVINGROVE 10 $622,500 N/A $618,000 0.0% 48.9%

KENMORE 27 $560,000 0.0% $527,500 7.1% 39.6%

KENMOREHILLS 9 N/A N/A $720,000 N/A 41.9%

KEPERRA 17 $435,000 -0.2% $430,000 8.4% 50.3%

KURABY 18 $530,500 -3.1% $510,000 3.0% 35.1%

LOTA 13 $475,000 -1.0% $474,250 6.6% 20.8%

LUTWYCHE 2 N/A N/A $585,000 1.3% 48.9%

MACGREGOR 9 N/A N/A $513,000 7.4% 33.2%

MANLY~ 17 $737,500 17.5% $657,000 15.9% 26.3%

MANLYWEST 37 $480,000 -5.9% $485,000 7.8% 34.7%

MANSFIELD 22 $513,000 -1.3% $499,990 12.4% 47.1%

MCDOWALL 28 $577,500 9.4% $540,000 9.8% 38.5%

MIDDLEPARK 11 $580,000 8.4% $518,000 5.9% 43.9%

MITCHELTON 27 $520,000 3.0% $505,000 9.2% 51.2%

MOGGILL 18 $517,500 9.1% $467,500 0.5% 30.8%

MOOROOKA 27 $510,000 4.6% $480,000 4.3% 41.2%

MORNINGSIDE 37 $593,000 11.5% $578,500 13.5% 45.4%

MOUNTCROSBY^ 7 $570,000 N/A $543,500 13.2% N/A

MOUNTGRAVATT 5 N/A N/A $487,500 5.0% 49.5%

MOUNTGRAVATTEAST 37 $487,500 8.3% $466,000 6.5% 43.4%

MURARRIE 16 $540,000 -3.1% $465,000 -2.1% 43.1%

NEWFARM~ 10 $1,062,500 5.2% $950,000 5.6% 11.8%

NEWMARKET~ 11 $595,000 -10.5% $635,500 2.5% 47.8%

NORMANPARK 30 $684,000 6.9% $678,000 -1.4% 58.0%

NORTHGATE 9 N/A N/A $482,500 1.4% 42.3%

NUDGEE 10 $473,750 N/A $472,500 4.3% 65.8%

NUNDAH 20 $591,500 1.1% $568,500 10.3% 61.3%

OXLEY 23 $440,000 -4.3% $440,000 4.5% 49.2%

PADDINGTON~ 25 $1,000,000 32.8% $736,000 1.5% 52.1%

PARKINSON 43 $498,000 -3.8% $495,000 6.5% 32.0%

PULLENVALE^~ 4 N/A N/A $923,500 -15.3% 23.1%

REDHILL~ 16 $607,500 -14.0% $680,000 7.5% 53.9%

RICHLANDS 3 N/A N/A $421,500 N/A N/A

RIVERHILLS 18 $441,000 N/A $422,500 7.0% 43.7%

ROBERTSON 8 N/A N/A $670,000 4.7% 30.6%

ROCKLEA 8 N/A N/A $375,000 8.5% 74.4%

RUNCORN 40 $436,500 3.9% $425,000 5.6% 48.1%

SALISBURY 18 $461,500 2.8% $440,000 6.5% 46.7%

SANDGATE 20 $557,500 -0.2% $530,000 11.6% 43.2%

SEVENHILLS 10 $582,000 N/A $576,000 7.5% 38.0%

SEVENTEENMILEROCKS~ 12 $558,250 17.0% $506,000 -10.0% 54.6%

SHERWOOD 13 $750,000 13.6% $680,000 3.0% 49.5%

SHORNCLIFFE 4 N/A N/A $645,000 N/A N/A



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UNITS & TOWNHOUSES

HOUSES continued UNITS & TOWNHOUSES continued



SINNAMONPARK~ 20 $563,250 -10.6% $613,500 7.2% 39.4%

SPRINGHILL 3 N/A N/A $699,000 N/A 28.3%

STLUCIA~ 10 $960,000 -11.5% $955,000 15.1% 32.6%

STAFFORD 13 $462,000 -0.1% $457,000 0.2% 47.4%

STAFFORDHEIGHTS 25 $480,000 2.1% $460,000 6.7% 46.5%

STRETTON 13 $580,000 N/A $660,000 9.8% 29.7%

SUNNYBANK 24 $514,000 -6.5% $520,000 2.2% 49.0%

SUNNYBANKHILLS~ 55 $564,000 16.9% $487,500 14.7% 43.2%

TAIGUM 13 $453,000 2.7% $451,500 10.4% 34.8%

TARINGA 10 $877,500 9.7% $742,000 5.9% 46.9%

TARRAGINDI 40 $592,500 0.7% $550,000 10.0% 50.7%

THEGAP 45 $550,000 -0.4% $530,000 3.9% 38.0%

TINGALPA 23 $460,000 1.5% $430,000 1.9% 42.3%

TOOWONG~ 14 $725,000 3.6% $665,000 -8.3% 42.2%

UPPERKEDRON 14 $540,000 0.9% $537,000 7.4% 30.2%

UPPERMOUNTGRAVATT 22 $464,500 -5.8% $459,000 8.0% 49.0%

VIRGINIA 7 N/A N/A $441,753 6.7% 42.5%

WAKERLEY 31 $640,000 4.1% $615,000 5.9% 38.8%

WAVELLHEIGHTS 35 $523,800 -1.2% $510,250 9.7% 49.6%

WESTEND 11 $830,000 N/A $773,500 -0.8% 45.9%

WESTLAKE 17 $590,000 3.3% $586,000 7.8% 27.4%

WILSTON 12 $807,500 N/A $847,500 18.5% 70.9%

WINDSOR 12 $695,500 2.3% $650,000 0.0% 58.5%

WISHART 24 $575,000 -0.9% $525,000 7.9% 49.8%

WOOLLOONGABBA~ 5 N/A N/A $590,000 -8.5% 63.9%

WOOLOOWIN~ 25 $665,000 -10.7% $647,500 0.8% 36.3%

WYNNUM 38 $520,000 -3.7% $492,500 4.8% 34.9%

WYNNUMWEST 38 $435,512 1.3% $445,000 1.4% 42.5%

YERONGA 18 $653,000 -6.3% $684,000 -2.3% 40.3%

ZILLMERE 22 $418,500 4.9% $392,500 5.8% 57.0%

BRISBANE (SD) 2,075 $375,000 -1.7% $368,000 5.1% 44.3%

BRISBANE CITY (LGA) 1,477 $400,000 0.0% $395,000 5.3% 40.1%

ALBION~ 11 $425,000 N/A $417,500 14.4% 49.1%

ALDERLEY~ 5 N/A N/A $358,000 -2.7% 43.8%

ALGESTER 4 N/A N/A $320,000 4.9% 15.5%

ANNERLEY~ 18 $326,500 -6.9% $365,000 6.6% 51.5%

ASCOT~* 10 $393,500 -15.4% $387,500 -0.4% 40.1%

ASHGROVE 15 $395,000 N/A $402,500 11.0% 43.7%

ASPLEY 7 N/A N/A $370,000 6.5% 45.7%

AUCHENFLOWER 20 $435,500 -0.7% $433,500 5.3% 52.1%

BALMORAL 9 N/A N/A $436,000 4.4% 32.1%

BARDON* 5 N/A N/A $570,000 N/A 54.8%

BOWENHILLS 12 $424,750 N/A $423,000 2.3% 26.3%

BRACKENRIDGE 5 N/A N/A $349,750 0.0% N/A

BRISBANECITY~* 96 $447,500 -1.9% $435,000 -3.3% 14.5%

BULIMBA~* 15 $501,000 1.9% $520,000 19.5% 47.5%

CALAMVALE* 15 $354,000 7.3% $349,750 0.0% 69.0%

CAMPHILL 6 N/A N/A $370,000 1.4% N/A

CARINA~* 15 $390,000 -9.7% $415,000 13.7% 37.0%

CARINAHEIGHTS* 11 $414,000 -12.8% $442,000 9.7% 53.9%

CARINDALE* 6 N/A N/A $507,000 10.2% 98.8%

CARSELDINE 6 N/A N/A $360,000 N/A N/A

CHERMSIDE 33 $433,000 8.3% $415,000 10.7% 60.2%

CLAYFIELD 32 $378,000 3.6% $365,000 4.6% 57.1%

COORPAROO 49 $395,000 5.3% $372,000 7.2% 55.6%

CORINDA* 9 N/A N/A $410,000 15.2% N/A

EASTBRISBANE* 16 $380,000 -10.4% $405,000 11.7% 45.7%

EIGHTMILEPLAINS* 34 $377,500 -1.8% $370,000 6.9% 67.9%

ELLENGROVE - N/A N/A $335,000 N/A N/A

ENOGGERA* 7 N/A N/A $386,250 -3.3% N/A

EVERTONPARK 13 $395,500 7.8% $362,000 4.9% 54.0%

FORESTLAKE 4 N/A N/A $326,500 N/A 26.1%

FORTITUDEVALLEY 26 $391,250 -7.1% $406,000 8.3% 32.1%

GAYTHORNE 11 $351,500 4.5% $355,750 N/A 63.4%

GORDONPARK 7 N/A N/A $362,000 8.1% 58.1%

GREENSLOPES 17 $368,000 -3.0% $362,000 1.4% 52.1%

HAMILTON*~ 12 $560,000 N/A $460,000 10.7% 5.7%

HAWTHORNE* 10 $471,250 N/A $432,500 4.2% 54.4%

HIGHGATEHILL~ 9 N/A N/A $392,500 -11.8% 38.9%

INDOOROOPILLY~* 28 $469,500 -0.6% $457,000 18.9% 41.7%

KANGAROOPOINT~ 54 $460,000 -7.5% $465,000 10.7% 22.4%

KEDRON 12 $335,000 0.8% $335,000 2.3% 48.2%

KELVINGROVE 18 $395,000 -4.5% $435,000 9.0% 26.1%

KURABY 2 N/A N/A $319,880 8.3% 64.0%

LUTWYCHE 10 $362,500 0.4% $361,100 9.4% 46.2%

MACGREGOR 4 N/A N/A $397,000 N/A N/A

MANLYWEST 7 N/A N/A $389,500 -0.1% 64.3%

MCDOWALL 1 N/A N/A $417,825 N/A N/A

MOOROOKA* 10 $375,000 14.0% $350,000 12.2% 59.1%

MORNINGSIDE~ 26 $438,000 10.9% $418,500 -0.9% 46.3%

MOUNTGRAVATTEAST 9 N/A N/A $364,000 4.3% 42.7%

NEWFARM~* 50 $470,000 -14.4% $475,000 5.6% 27.3%

NEWMARKET 8 N/A N/A $397,500 -0.4% 30.3%

NEWSTEAD* 33 $490,000 -10.1% $530,000 -0.3% 39.5%

NORMANPARK 13 $455,000 N/A $455,000 N/A 53.8%

NORTHGATE* 6 N/A N/A $395,000 9.7% 71.7%

NUNDAH* 28 $404,500 6.4% $407,500 15.1% 76.8%

OXLEY 4 N/A N/A $358,000 N/A 35.1%

PADDINGTON* 20 $427,500 -9.0% $450,500 4.8% 57.2%

REDHILL~ 5 N/A N/A $355,500 -6.7% 21.9%

RICHLANDS* 7 N/A N/A $325,500 N/A N/A

RUNCORN 22 $338,500 -2.0% $338,500 6.8% 53.9%

SHERWOOD* 8 N/A N/A $450,000 N/A 80.0%

SOUTHBRISBANE~* 39 $413,500 6.4% $409,750 -3.0% 22.3%

SPRINGHILL 33 $370,000 6.5% $385,000 4.1% 63.8%

STLUCIA~ 22 $466,375 15.7% $445,000 5.7% 58.9%

STAFFORD 6 N/A N/A $385,000 8.5% N/A

SUNNYBANK 5 N/A N/A $385,000 N/A 45.3%

SUNNYBANKHILLS~ 10 $362,000 -13.8% $355,000 9.2% 66.9%

TAIGUM* 15 $328,000 -10.4% $356,500 10.7% 62.0%

TARINGA 41 $417,000 -1.3% $410,000 7.9% 51.9%

TINGALPA 8 N/A N/A $345,000 9.5% 54.4%

TOOWONG 31 $450,000 4.5% $435,500 5.3% 50.2%

UPPERMOUNTGRAVATT* 9 N/A N/A $365,000 -8.8% 45.4%

WAVELLHEIGHTS 8 N/A N/A $450,000 N/A N/A

WESTEND* 31 $530,000 5.1% $528,000 -1.7% 38.6%

WINDSOR 10 $361,500 N/A $364,000 7.1% 40.0%

WISHART 6 N/A N/A $355,000 1.8% 50.4%

WOOLLOONGABBA~* 17 $346,750 -19.4% $420,000 -3.4% 30.0%

WOOLOOWIN 12 $369,000 N/A $358,000 N/A 53.0%

WYNNUM 4 N/A N/A $365,000 3.8% 39.0%

WYNNUMWEST 9 N/A N/A $320,000 3.2% 56.5%

YEERONGPILLY 2 N/A N/A $410,750 N/A 55.0%

YERONGA~ 17 $460,000 20.7% $409,000 6.9% 48.7%

ZILLMERE 15 $350,000 -1.4% $355,000 8.9% 62.5%



MARKETMONITORQ

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BRISBANE CITY

VACANT URBAN LAND 3 BEDROOM HOUSES

Suburbs/Localities

MarQtr2010NewBonds

MarQtr2009Rent($)

NewBonds

Rent($)Po

stcode

MEDIAN WEEKLY RENTSSuburb/ Numberof Mar change 12mthsto change changeLocality SalesMar Qtr over theendof over over Qtr2010 2010 qtr” Mar2010 1yr” 5yrs

MEDIAN SALES DATA

BRISBANE (SD) 901 $215,000 0.9% $215,000 5.4% 34.4%

BRISBANE (SD) ^ ~ * 101 $289,000 -22.9% $297,500 0.0% 48.8%

BRISBANE CITY (LGA) 175 $332,500 6.7% $285,000 0.0% 34.1%

BRISBANE CITY (LGA) ^ 17 $495,000 N/A $630,000 0.0% 48.2%

BANYO 1 N/A N/A $251,000 N/A N/A

BRIDGEMANDOWNS 5 $375,000 3.6% $355,000 10.9% 22.4%

CALAMVALE* 12 $352,500 5.2% $310,000 20.2% 27.2%

CARSELDINE* 4 N/A N/A $280,000 6.3% N/A

DOOLANDELLA* 5 $225,000 N/A $223,000 -3.0% N/A

DREWVALE* 1 N/A N/A $260,000 N/A 40.5%

DURACK* 7 $208,000 N/A $220,000 N/A N/A

EIGHTMILEPLAINS* 7 $349,000 10.4% $322,500 -3.7% 12.8%

GUMDALE* 2 N/A N/A $323,000 17.5% N/A

HEATHWOOD* 6 $247,750 N/A $237,000 -6.7% 63.4%

HENDRA* 5 $445,000 N/A N/A N/A N/A

INALA - N/A N/A $165,000 N/A N/A

KURABY - N/A N/A $330,000 N/A 34.7%

MANLYWEST 2 N/A N/A $292,525 1.6% 5.2%

MITCHELTON* 1 N/A N/A $330,000 -5.7% N/A

MOGGILL* 2 N/A N/A $247,500 0.2% 46.0%

OXLEY 4 N/A N/A $245,000 N/A N/A

RICHLANDS - N/A N/A $220,000 N/A N/A

STRETTON* 2 N/A N/A $409,000 N/A N/A

SUNNYBANK* 3 N/A N/A $419,000 N/A N/A

SUNNYBANKHILLS 5 $270,000 N/A $287,000 N/A 14.8%

TAIGUM* 3 N/A N/A $250,000 N/A 60.3%

TINGALPA 3 N/A N/A $298,000 N/A N/A

WAKERLEY* 20 $410,000 26.2% $320,000 N/A 39.4%

WYNNUMWEST 1 N/A N/A $269,000 N/A N/A

BRISBANE CITY COUNCIL AREA 380 3,389 370 3,465

Bayside 370 140 365 163

4178 Lytton/Wynnum/WynnumWest 370 88 365 89

4179 Lota/Manly/ManlyWest 370 52 365 74

City Inner 465 361 450 372

4000 BrisbaneCity/SpringHill 475 25 520 29

4005 NewFarm 545 15 490 16

4006 BowenHills/FortitudeValley/Herston/Newstead 430 16 440 18

4064 Milton/Paddington 480 76 460 61

4066 Auchenflower/Toowong 450 63 440 61

4067 StLucia 440 33 460 53

4101 HighgateHill/SouthBrisbane/WestEnd 480 46 470 54

4102 Buranda/DuttonPark/Wooloongabba 435 28 400 35

4169 EastBrisbane/KangarooPoint 460 59 420 45

North - Inner 400 383 400 358

4007 Ascot/Hamilton 550 20 460 23

4010 Albion 390 7 420 9

4011 Clayfield/Hendra 450 44 469 51

4012 Nundah/Toombul/WavellHeights 375 61 365 55

4030 Lutwyche/Windsor/Wooloowin 410 67 420 45

4031 GordonPark/Kedron 380 64 380 60

4051 Alderley/Enogerra/Newmarket/Wilston/etc. 400 118 400 115

3 BEDROOM HOUSES

Suburbs/Localities

MarQtr2010NewBonds

MarQtr2009Rent($)

NewBonds

Rent($)Po

stcode

MEDIAN WEEKLY RENTS

North - Outer 360 381 350 376

4013 Northgate 370 18 330 14

4014 Banyo/Nudgee/Virginia 360 39 365 42

4017 BrackenRidge/Brighton/Deagon/Sandgate/etc. 360 103 345 119

4018 Fitzgibbon/Taigum 360 19 350 25

4032 Chermside/ChermsideWest 360 53 350 54

4034 Aspley/Boondall/Carseldine/Geebung/Zillmere 370 121 350 101

4036 BaldHills 340 28 340 21

North West - Inner 445 152 430 157

4059 KelvinGrove/RedHill 460 70 450 70

4060 Ashgrove 420 44 400 46

4065 Bardon 440 38 405 41

North West - Outer 375 248 360 238

4053 EvertonPark/McDowall/Mitchelton/Stafford/etc. 370 147 360 153

4054 AranaHills/Keperra 365 54 350 42

4061 TheGap 400 47 370 43

South - Inner 380 454 375 442

4103 Annerley/Fairfield 400 51 385 82

4104 Yeronga 380 19 399 27

4105 Moorooka/Tennyson/Yeerongpilly 370 54 375 45

4120 Greenslopes 390 36 420 26

4121 HollandPark/HollandParkWest/Tarragindi 395 121 370 103

4122 Mansfield/MtGravatt/Wishart/etc. 365 172 360 156

South - Outer 350 294 350 339

4106 Rocklea 340 6 320 14

4107 Salisbury 360 26 350 29

4108 Archerfield/CoopersPlains 350 18 350 29

4109 Macgregor/Robertson/Sunnybank/etc. 370 84 350 98

4110 AcaciaRidge/Willawong 320 45 310 51

4112 Kuraby 365 13 350 10

4113 EightMilePlains/Runcorn 355 65 350 59

4115 Algester/Parkinson 350 22 340 28

4116 Calamvale/Drewvale/Stretton 360 15 360 21

South East - Inner 400 345 400 368

4151 Coorparoo 410 51 395 45

4152 CampHill/Carina/CarinaHeights/Carindale 380 123 385 127

4170 CannonHill/Morningside/NormanPark/etc. 400 100 410 110

4171 Balmoral/Bulimba/Hawthorne 450 54 450 65

4172 Murarrie 380 17 380 21

South East - Outer 380 64 365 63

4153 Belmont 410 15 380 12

4154 Gumdale/Ransome/Wakerley 430 8 435 11

4173 Tingalpa 360 32 360 30

4174 Hemmant 370 5 350 8

South West - Inner 400 192 390 182

4068 Chelmer/Indooroopilly/Taringa 420 104 420 98

4075 Corinda/Graceville/Oxley/Sherwood 380 88 360 84

South West - Outer 340 375 330 407

4069 Brookfield/ChapelHill/FigTreePocket/etc. 400 69 395 63

4070 Anstead/Bellbowrie/Moggill 360 6 340 16

4073 SeventeenMileRocks/SinnamonPark 360 16 370 18

4074 Jindalee/MtOmmaney/Sumner/Westlake/etc. 360 72 350 78

4076 Darra/Wacol 320 24 315 28

4077 Doolandella/Durack/Inala/Richlands 290 71 285 69

4078 EllenGrove/ForestLake 330 117 325 135



MARKETMONITORQ

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Suburbs/Localities

MarQtr2010NewBonds

MarQtr2009Rent($)

NewBonds

Rent($)Po

stcode

MEDIAN WEEKLY RENTSSuburbs/Localities

MarQtr2010NewBonds

MarQtr2009Rent($)

NewBonds

Rent($)Po

stcode

MEDIAN WEEKLY RENTS

2 BEDROOM FLATS/UNITS 3 BEDROOM TOWNHOUSES BRISBANE CITY COUNCIL AREA 365 5,125 360 4,840

Bayside 300 50 290 44

4178 Lytton/Wynnum/WynnumWest 300 36 285 29

4179 Lota/Manly/ManlyWest 295 14 300 15

City Inner 430 2,327 420 2,287

4000 BrisbaneCity/SpringHill 530 428 520 405

4005 NewFarm 420 250 420 211

4006 BowenHills/FortitudeValley/Herston/Newstead 445 341 450 362

4064 Milton/Paddington 370 84 355 85

4066 Auchenflower/Toowong 370 342 370 383

4067 StLucia 380 273 380 243

4101 HighgateHill/SouthBrisbane/WestEnd 460 327 450 323

4102 Buranda/DuttonPark/Wooloongabba 370 47 350 63

4169 EastBrisbane/KangarooPoint 420 235 400 212

North - Inner 325 867 320 790

4007 Ascot/Hamilton 360 116 335 101

4010 Albion 350 33 330 30

4011 Clayfield/Hendra 325 146 320 146

4012 Nundah/Toombul/WavellHeights 330 180 330 174

4030 Lutwyche/Windsor/Wooloowin 300 144 300 131

4031 GordonPark/Kedron 310 100 300 81

4051 Alderley/Enogerra/Newmarket/Wilston/etc. 320 148 320 127

North - Outer 320 180 310 198

4013 Northgate 310 19 290 16

4014 Banyo/Nudgee/Virginia 275 7 290 11

4017 BrackenRidge/Brighton/Deagon/Sandgate/etc. 285 13 260 20

4018 Fitzgibbon/Taigum 320 7 305 13

4032 Chermside/ChermsideWest 340 76 320 87

4034 Aspley/Boondall/Carseldine/Geebung/Zillmere 320 58 310 50

North West - Inner 360 197 325 147

4059 KelvinGrove/RedHill 360 128 330 92

4060 Ashgrove 360 56 360 41

4065 Bardon 295 13 260 14

North West - Outer 320 69 300 49

4053 EvertonPark/McDowall/Mitchelton/Stafford/etc. 305 66 300 44

South - Inner 320 459 310 406

4103 Annerley/Fairfield 320 137 310 104

4104 Yeronga 330 23 310 39

4105 Moorooka/Tennyson/Yeerongpilly 300 55 280 48

4111 Nathan 270 11 n.a. 3

4120 Greenslopes 325 102 310 79

4121 HollandPark/HollandParkWest/Tarragindi 300 47 295 47

4122 Mansfield/MtGravatt/Wishart/etc. 360 84 350 86

South - Outer 360 56 320 49

4109 Macgregor/Robertson/Sunnybank/etc. 385 39 385 28

4115 Algester/Parkinson 280 9 250 6

South East - Inner 330 448 330 385

4151 Coorparoo 320 192 320 155

4152 CampHill/Carina/CarinaHeights/Carindale 340 44 310 39

4170 CannonHill/Morningside/NormanPark/etc. 350 98 330 86

4171 Balmoral/Bulimba/Hawthorne 355 114 350 103

South East - Outer 340 9 350 13

4173 Tingalpa 340 8 350 11

South West - Inner 350 438 350 443

4068 Chelmer/Indooroopilly/Taringa 355 391 360 410

4075 Corinda/Graceville/Oxley/Sherwood 320 47 295 33

South West - Outer 310 25 300 29

4078 EllenGrove/ForestLake 320 16 325 15

BRISBANE CITY COUNCIL AREA 389 1,482 375 1,186

Bayside 370 60 360 70

CityInner 530 94 530 57

North-Inner 420 123 430 94

North-Outer 360 130 350 99

NorthWest-Inner 480 24 435 16

NorthWest-Outer 385 52 380 42

South-Inner 395 141 380 96

South-Outer 365 416 360 389

SouthEast-Inner 420 216 390 142

SouthEast-Outer* 385 60 370 64

SouthWest-Inner 450 96 450 71

SouthWest-Outer* 350 70 350 46


MARKETMONITORQ

UE

EN

SLA

ND

BRISBANE SURROUNDS

99

3




44444444 225463 225463 225463 225463



<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+






18 7518 75


33 5233 52




59 51

469 351MAR 10 144 190 52MAR 1058 91 26MAR 10

44 36

409 298DEC 09 164 184 66DEC 0980 67 21DEC 09

111 29

457 240MAR 09 202 187 45MAR 0953 86 4MAR 09

251

254

147

1273

1358

1045

927

1409

1557

44

136

157

MAR 09

SEP 09

MAR 10


1534

935

993

1511

1278

1373

344

490

541

9

20

18

MAR 09

DEC 09

MAR 10


<$350,000 <$500,000 <$1m $1m+


48

33

18

681

483

531

344

511

531

44

52

75

MAR 09

DEC 09

MAR 10


111

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457

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469

240

298

351

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MAR 09

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256

180

210

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16

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202

164

144

187

184

190

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251

198

221

59

92

93

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20

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MAR 09

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53

80

58

86

67

91

4

21

26

MAR 09

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248

190

195

249

255

263

32

97

60

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DEC 09

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87

86

74

164

167

211

34

66

56

MAR 09

DEC 09

MAR 10


225

159

202

88

96

89

25

32

36

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MAR 10


463

352

334

116

116

116

20

47

39

MAR 09

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8 3

4

8

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1

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50 186 169 30118MAR 10 149 112 19MAR 1010 27 3MAR 10

55 169 157 26124DEC 09 132 126 42DEC 095 14 6DEC 09

66 197 151 1573MAR 09 45 84 17MAR 098 10 1MAR 09

71

76

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514

521

310

660

944

774

169

336

300

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MAR 09

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163

119

118

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242

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45

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84

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107

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50 186 169 118MAR 10 71 17 2MAR 1040 7 1MAR 10

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66 197 151 73MAR 09 73 3 2MAR 0921 2MAR 09

60

98

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80

172

70

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55

61

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MAR 09

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163

119

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277

242

289

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MAR 09

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172

112

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476

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427

509

244

313

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66

55

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169

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73

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45

56

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73

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76

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21

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86

94

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70

104

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87

64

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2

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84

94

84

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5

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MAR 09

DEC 09

MAR 10


Median house and unit prices The Brisbane surrounds areas of Logan City, Ipswich, Redland and Moreton Bay experienced a mixed bag of results throughout the March quarter.

Redland Bay was the star performer for the Greater Brisbane region with a 3.5 per cent median house price increase to $477,000, whereas, Moreton Bay recorded the highest volume of preliminary sales numbers at 1,188 and a 0.4 per cent increase to its median house price to $401,750.

Cashmere and Albany Creek were strong performing suburbs throughout the Moreton Bay region with an 11.9 per cent and 10.3 per cent increase to median house prices, respectively.

Ipswich City fared well in the unit and townhouse market compared to the rest of the Greater Brisbane region with a 4.6 per cent increase to $251,000 over the March quarter.

Moreton Bay was again a popular choice amongst buyers in this market with its preliminary sales numbers reaching more than 280.

Victoria Point, in the Redland City local government area, increased its median unit price by 26.8 per cent to $399,500 which was largely attributed to some new townhouse sales.

In the Logan City local government area, Woodridge’s recorded a healthy increase by 9.3 per cent thanks to a new townhouse release; while, Rochedale South managed a 6.1 per cent gain to a median price of $295,000.

Median land pricesRedland Bay was a stand out region for the year ending March 2010, with it’s median land price increasing 245 per cent for the year. This was due to a large shift in the location and quality of blocks sold. There was a large drop in sales on Russell Island where blocks normally sell for approximately $50,000, while there was an increase in sales in suburbs such as Redland Bay and Thornlands where blocks in new subdivisions sell in excess of $250,000. This shift in land sales activity pushed the annual median up dramatically.

Sales in new land subdivisions in Caboolture, Griffin, Morayfield and North Lakes assisted in the increased sales activity for the Moreton Bay residential land market, which saw preliminary sales numbers increase 67 per cent over the past 12 months.

Rental marketAcross Greater Brisbane the rental market tightened during the six months to the end of March 2010 with all surrounding shires recording lower vacancy rates to those at the end of September last year.

After experiencing a high vacancy rate in September 2009, Moreton Bay regional has returned to a healthier rate of 3.3 per cent. Agents report that more affordably priced rental properties are in low supply, whilst others also report there are some landlords expecting unrealistic rental returns.

As at the end of March, Ipswich and Logan recorded the tightest vacancy rates at 2.3 per cent, followed by Moreton Bay on 3.3 per cent and Redland City at 4.3 per cent.

With the winding back of the first home owner boost, demand for the rental market in the outer areas of Greater Brisbane is returning to the usual levels of around 3 per cent. The number of applicants per rental listing has reportedly increased from two to five across all surrounding council areas.



MARKETMONITORQ

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HOUSES continuedHOUSES



MEDIAN SALES DATA MEDIAN SALES DATA

IPSWICH CITY (LGA) 545 $320,000 -1.2% $320,000 1.6% 48.8%

IPSWICH CITY (LGA) ^ 43 $490,000 -5.8% $496,000 10.2% 38.1%

AUGUSTINEHEIGHTS* 5 N/A N/A $550,000 N/A N/A

BASINPOCKET 10 $252,500 N/A N/A N/A N/A

BELLBIRDPARK~ 13 $355,000 14.5% $340,000 1.0% 54.5%

BLACKSTONE 9 $355,000 N/A $355,000 N/A N/A

BOOVAL~ 7 $275,000 -6.5% $295,000 6.1% 53.0%

BRASSALL~ 27 $350,000 3.6% $338,000 -1.4% 45.4%

BROOKWATER+* 5 N/A N/A $658,000 N/A N/A

BUNDAMBA 26 $279,001 4.9% $281,500 0.9% 40.8%

CAMIRA 22 $357,500 -2.1% $354,000 2.2% 41.6%

CHURCHILL~ 4 N/A N/A $257,500 -1.9% 44.7%

COALFALLS 3 N/A N/A $298,750 N/A N/A

COLLINGWOODPARK 17 $315,000 1.0% $325,000 -0.9% 39.2%

EASTIPSWICH~ 8 $265,000 -9.4% $280,000 0.8% 48.1%

EASTERNHEIGHTS~ 13 $317,000 11.2% $293,000 9.3% 43.3%

FLINDERSVIEW*~ 19 $356,000 -13.2% $387,250 -0.1% 46.1%

GAILES 5 N/A N/A $250,600 N/A 40.8%

GOODNA~ 29 $308,000 1.8% $300,000 -1.6% 62.2%

IPSWICH 9 $325,000 -2.1% $332,000 4.1% 54.4%

KARALEE^~ 8 $497,500 -17.4% $540,000 20.7% N/A

LEICHHARDT 12 $260,500 6.8% $250,000 2.0% 49.7%

NEWTOWN 9 $353,000 N/A $333,750 3.3% 50.3%

NORTHBOOVAL~ 7 $265,000 -8.3% $300,500 13.2% 66.9%

NORTHIPSWICH 23 $285,000 -4.4% $285,000 1.1% 54.1%

ONEMILE~ 9 $265,000 N/A $245,000 -3.9% 47.6%

PINEMOUNTAIN^ 3 N/A N/A $530,000 N/A N/A

RACEVIEW 27 $328,500 -2.1% $320,000 4.9% 48.8%

REDBANKPLAINS 39 $315,000 0.0% $315,000 3.3% 57.5%

RIVERVIEW~ 9 $255,000 4.1% $255,000 -2.9% 61.4%

ROSEWOOD 5 N/A N/A $260,000 2.0% 33.3%

SADLIERSCROSSING~ 10 $303,000 -7.6% $305,000 N/A 56.4%

SILKSTONE 16 $274,750 -1.9% $275,000 -0.4% 44.0%

SPRINGFIELD~ 24 $378,500 5.1% $365,500 -2.5% 26.5%

SPRINGFIELDLAKES* 69 $389,000 -5.1% $397,500 2.2% 27.3%

TIVOLI 4 N/A N/A $268,500 4.1% 52.3%

WOODEND 10 $303,250 N/A $310,000 6.4% 42.9%

YAMANTO~ 16 $347,500 -7.3% $355,000 7.6% 37.5%

LOGAN CITY (LGA) 681 $369,000 1.9% $358,000 5.3% 52.3%

LOGAN CITY (LGA) ^ 144 $527,500 1.0% $515,000 3.0% 35.9%

BAHRSSCRUB 4 N/A N/A $399,000 N/A N/A

BAHRSSCRUB^~ 5 $961,400 N/A N/A N/A N/A

BEENLEIGH~ 22 $320,680 -5.7% $334,500 3.7% 46.4%

BERRINBA 14 $420,150 2.6% $397,000 9.7% N/A

BETHANIA 12 $307,500 -1.6% $320,000 6.7% 48.8%

BORONIAHEIGHTS 31 $320,000 1.5% $320,500 5.1% 52.6%

BROWNSPLAINS 21 $330,000 -2.4% $327,750 4.9% 51.0%

BUCCAN^ 4 N/A N/A $530,000 N/A 30.9%

CEDARGROVE^~ 6 $389,500 -18.8% $426,500 11.1% 42.2%

CEDARVALE^~ 9 $445,000 -4.3% $435,000 3.0% 40.8%

CORNUBIA 21 $460,000 1.1% $472,500 7.4% 27.4%

CRESTMEAD 27 $310,000 -3.9% $318,000 7.6% 59.4%

DAISYHILL~* 22 $456,500 15.6% $400,000 2.6% 39.1%

EAGLEBY 23 $310,000 8.8% $292,050 3.0% 58.7%

EDENSLANDING 15 $360,000 0.0% $365,000 4.3% 46.6%

FORESTDALE^ 4 N/A N/A $607,500 0.4% 31.5%

GREENBANK^ 20 $557,500 0.5% $532,000 0.9% 45.8%

HERITAGEPARK 15 $450,000 4.2% $416,750 9.7% 39.4%

HILLCREST 10 $333,750 -2.6% $336,250 1.9% 46.2%

JIMBOOMBA^ 19 $500,000 3.1% $461,250 2.5% 36.3%

JIMBOOMBA~ 13 $450,000 23.3% $437,500 13.6% 70.7%

KINGSTON~ 29 $280,000 -8.9% $287,500 4.2% 59.7%

LOGANCENTRAL 16 $276,500 -2.1% $278,000 4.0% 53.2%

LOGANVILLAGE^ 8 $566,000 5.5% $520,000 9.2% 33.3%

LOGANHOLME 24 $374,500 -1.8% $370,000 6.6% 45.1%

LOGANLEA 19 $330,000 1.5% $316,500 5.5% 56.7%

MARSDEN 32 $333,500 7.2% $322,000 3.9% 53.3%

MEADOWBROOK 8 $397,000 N/A $392,000 4.4% 31.1%

MOUNTWARRENPARK 26 $357,500 -0.7% $364,000 4.1% 36.3%

MUNDOOLUN^~ 5 $625,000 N/A $500,000 -1.0% N/A

MUNRUBEN^~ 6 $540,000 8.7% $515,000 -1.2% 36.1%

NEWBEITH^ 7 $549,000 4.1% $529,500 3.8% N/A

PARKRIDGE^~ 2 N/A N/A $870,000 N/A 85.1%

PARKRIDGESOUTH^~ 2 N/A N/A $495,000 -1.0% 30.6%

REGENTSPARK 42 $368,500 0.1% $362,500 2.4% 48.0%

ROCHEDALESOUTH 57 $426,800 1.9% $415,000 9.2% 50.9%

SHAILERPARK~ 32 $467,500 -9.2% $465,000 6.9% 32.9%

SLACKSCREEK~ 30 $305,000 3.7% $295,000 -4.3% 35.0%

SOUTHMACLEAN^ 5 $480,000 N/A N/A N/A N/A

SPRINGWOOD 28 $445,000 3.5% $417,000 5.2% 40.4%

TAMBORINE^~ 12 $602,500 6.9% $540,000 14.2% 45.9%

TANAHMERAH 9 $430,000 8.0% $407,500 6.9% 43.0%

UNDERWOOD 19 $445,000 0.0% $427,500 8.0% 42.3%

WATERFORD~ 8 $379,000 -0.9% $400,000 -0.5% N/A

WATERFORDWEST 15 $385,000 N/A $330,000 8.2% 59.4%

WINDAROO+* 12 $447,500 2.9% $437,000 8.6% 38.7%

WOODRIDGE 21 $270,000 1.9% $270,000 3.8% 53.8%

MORETON BAY (LGA) 1,188 $401,750 0.4% $393,000 5.5% 37.9%

MORETON BAY (LGA) ^ 122 $625,850 4.3% $580,000 1.8% 28.9%

ALBANYCREEK 42 $550,250 10.3% $487,250 2.6% 34.6%

ARANAHILLS 16 $432,000 -3.4% $434,150 -0.4% 37.4%

BANKSIABEACHf 28 $487,500 5.7% $486,000 3.1% 23.0%

BEACHMERE~f 10 $354,000 -10.4% $362,500 2.1% 39.4%

BELLARA 11 $345,000 -2.8% $344,000 6.3% 15.1%

BELLMERE 32 $371,003 1.0% $365,900 6.1% 33.1%

BONGAREEf 12 $385,500 4.9% $388,000 2.9% 5.6%

BRAYPARK 38 $381,500 1.7% $375,000 5.6% 45.7%

BURPENGARY 27 $395,000 0.3% $382,500 6.3% 41.7%

BURPENGARY^ 16 $570,000 4.1% $540,000 2.9% 28.4%

CABOOLTURE 56 $318,500 -1.7% $315,000 5.0% 43.2%

CABOOLTURE^ 6 $470,000 9.3% $480,000 3.7% 22.4%

CABOOLTURESOUTH~ 20 $315,000 7.9% $295,000 -1.3% 39.4%

CASHMERE 14 $604,500 11.9% $540,000 2.9% 34.8%

CASHMERE^ 8 $692,500 -1.1% $700,000 N/A 40.3%

CLONTARF 34 $359,500 -4.1% $369,000 5.7% 33.0%

DECEPTIONBAY~ 69 $325,000 -7.8% $325,000 3.5% 41.3%

EATONSHILL 39 $543,000 -3.0% $520,000 2.4% 30.0%

ELIMBAH^~ 6 $441,000 -15.2% $495,000 3.4% 24.7%

EVERTONHILLS 28 $474,537 4.1% $459,000 9.3% 50.5%

FERNYHILLS 33 $472,500 5.5% $440,000 3.5% 39.7%

GRIFFIN 10 $447,750 7.6% $406,500 N/A 33.3%

HIGHVALE^ 5 $820,000 N/A N/A N/A N/A

JOYNER~ 5 N/A N/A $450,000 -1.6% N/A

KALLANGUR 60 $370,000 4.2% $355,000 3.8% 39.2%

KIPPA-RING 30 $368,500 1.0% $370,000 5.9% 35.5%

LAWNTON 9 $335,000 -4.3% $348,000 7.1% 42.6%



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UNITS & TOWNHOUSES

VACANT URBAN LAND

MEDIAN SALES DATA MEDIAN SALES DATA

HOUSES continued UNITS & TOWNHOUSES continuedMANGOHILL~ 17 $456,000 -2.4% $460,000 12.2% 33.9%

MARGATE~ 45 $410,000 15.9% $375,000 10.3% 34.6%

MORAYFIELD 48 $330,000 -2.9% $335,000 3.1% 34.0%

MORAYFIELD^~ 24 $499,500 -19.4% $560,000 7.7% 36.3%

MURRUMBADOWNS 35 $459,000 9.8% $440,000 6.0% 39.7%

NARANGBA 64 $457,700 4.0% $442,000 10.5% 40.3%

NARANGBA^ 4 N/A N/A $627,500 N/A N/A

NEWPORT~f 7 $910,000 34.0% $750,000 N/A N/A

NINGI 6 N/A N/A $302,000 N/A 22.0%

NINGI^ 6 $530,000 11.6% $480,500 2.2% N/A

NORTHLAKES 77 $477,000 7.2% $445,000 0.0% N/A

PETRIE 27 $388,000 4.9% $387,250 6.2% 44.5%

REDCLIFFE 29 $384,000 3.8% $365,000 1.4% 32.7%

ROTHWELL 27 $385,000 4.3% $385,000 1.3% 20.3%

SAMFORDVALLEY^ 3 N/A N/A $800,000 4.3% 30.3%

SANDSTONEPOINT 19 $395,000 -2.9% $395,000 2.1% 18.3%

SCARBOROUGH~f 23 $440,000 -11.7% $450,000 9.2% 25.9%

STRATHPINE 28 $354,000 1.1% $352,000 6.7% 43.1%

UPPERCABOOLTURE 5 N/A N/A $349,500 4.3% 21.4%

UPPERCABOOLTURE^ 4 N/A N/A $547,250 8.3% 45.4%

WAMURAN^~ 4 N/A N/A $516,500 -6.9% 26.0%

WARNER 33 $470,000 2.3% $460,000 4.3% 33.2%

WOODFORD 7 $320,000 N/A $320,000 N/A 56.1%

WOODYPOINT~ 20 $410,000 15.2% $382,000 5.4% 32.9%

WOORIM 5 N/A N/A $433,500 11.2% 20.4%

REDLAND CITY (LGA) 511 $477,000 3.5% $460,000 5.7% 35.3%

REDLAND CITY (LGA) ^ ~ 27 $745,000 -11.8% $785,000 -2.2% 27.6%

ALEXANDRAHILLS 59 $405,000 -2.6% $410,000 6.5% 41.4%

BIRKDALE 49 $490,000 1.1% $472,750 0.8% 37.0%

CAPALABA 44 $423,750 3.4% $410,800 1.4% 39.3%

CAPALABA^~ 11 $745,000 -12.4% $830,750 N/A 32.4%

CLEVELAND~f 35 $480,000 -14.6% $513,000 -0.4% 23.6%

MACLEAYISLAND~f 15 $210,000 -16.0% $230,000 -10.2% 27.8%

MOUNTCOTTON 22 $459,450 7.6% $458,000 4.1% 45.4%

ORMISTON~f 21 $620,000 18.1% $595,000 8.2% 38.1%

REDLANDBAY 59 $500,000 4.2% $490,500 1.1% 30.8%

RUSSELLISLAND~f 14 $250,000 28.2% $232,000 2.0% 49.7%

SHELDON^ 5 $730,000 N/A $760,000 N/A N/A

THORNESIDE~ 10 $575,000 33.4% $449,750 16.3% 48.7%

THORNLANDS^ 7 $785,000 N/A $862,000 N/A 26.8%

THORNLANDS~ 65 $521,250 -7.4% $538,000 5.5% 25.7%

VICTORIAPOINT 60 $499,000 2.9% $467,000 5.4% 24.5%

WELLINGTONPOINT 42 $573,000 8.6% $530,000 8.9% 27.7%

IPSWICH CITY (LGA)² - * 37 $251,000 4.6% $245,000 -7.9% 49.4%

BELLBIRDPARK 4 N/A N/A $232,500 N/A 83.1%

BRASSALL* 4 N/A N/A $271,500 -1.3% 46.6%

GOODNA - N/A N/A $234,000 N/A 73.3%

RACEVIEW 8 $252,500 N/A N/A N/A N/A

REDBANKPLAINS* 4 N/A N/A $280,000 20.2% 115.4%

LOGAN CITY (LGA) * ~ 159 $260,000 -5.5% $275,000 10.0% 83.3%

BEENLEIGH* 18 $235,250 N/A $231,000 -1.7% 77.7%

BROWNSPLAINS 2 N/A N/A $276,000 N/A 76.4%

EAGLEBY* 9 $278,000 N/A $313,900 14.6% 136.9%

EDENSLANDING* 1 N/A N/A $257,000 N/A 69.1%

KINGSTON* 6 N/A N/A $297,500 54.5% 133.3%

LOGANCENTRAL 4 N/A N/A $192,500 N/A 70.4%

LOGANLEA* 2 N/A N/A $289,000 N/A N/A

MARSDEN* 3 N/A N/A $355,000 N/A N/A

MOUNTWARRENPARK- 2 N/A N/A $250,500 23.7% 72.2%

ROCHEDALESOUTH 11 $295,000 6.1% $286,750 6.6% 65.5%

SHAILERPARK 8 $271,000 N/A $292,500 8.3% 62.5%

SLACKSCREEK~ 7 $243,000 -0.4% $240,000 2.9% 55.8%

SPRINGWOOD 9 $310,000 6.0% $284,000 6.8% 62.3%

WATERFORDWEST 5 N/A N/A $230,000 2.2% 74.2%

WOODRIDGE* 33 $224,000 9.3% $211,630 5.8% 77.8%

MORETON BAY (LGA) 284 $325,000 -1.5% $335,000 11.7% 45.7%

ARANAHILLS 6 N/A N/A $360,000 N/A N/A

BELLARA 11 $305,000 N/A $305,000 N/A 22.0%

BONGAREE~ 20 $339,500 17.7% $318,250 6.3% 23.8%

BRENDALE~ 13 $288,000 -5.3% $283,000 -0.7% 53.0%

BURPENGARY 14 $293,000 N/A $289,000 7.0% 37.6%

CABOOLTURE* 9 $212,500 3.9% $285,000 9.6% 104.3%

CLONTARF* 9 $289,000 -11.1% $349,725 18.6% N/A

DECEPTIONBAY* 6 N/A N/A $265,000 0.0% 15.2%

KALLANGUR* 30 $333,000 0.9% $335,000 -4.8% 45.7%

KIPPA-RING* 15 $337,950 19.4% $337,950 15.5% 47.6%

MARGATE* 10 $333,100 -26.0% $397,500 28.0% 55.3%

MORAYFIELD~ 8 $249,250 -1.5% $230,000 -8.7% 43.8%

MURRUMBADOWNS* 7 $351,500 N/A $349,000 1.2% 51.7%

REDCLIFFE*f 27 $350,000 -2.8% $366,000 15.3% 28.7%

ROTHWELL 6 N/A N/A $326,500 6.0% N/A

SCARBOROUGHf 19 $450,000 2.9% $440,000 15.8% 13.1%

STRATHPINE 13 $289,000 N/A $289,000 4.7% 43.1%

WOODYPOINT*f 18 $535,000 41.7% $427,000 37.7% 85.7%

REDLAND CITY (LGA) ~ 104 $351,000 -5.6% $360,000 9.1% 50.0%

BIRKDALE 4 N/A N/A $360,000 11.5% N/A

CAPALABA~ 17 $315,000 -3.8% $305,000 1.7% 48.8%

CLEVELAND*f 33 $380,000 -1.3% $403,750 16.0% 41.7%

ORMISTON 9 $350,000 N/A $350,000 4.9% 48.6%

POINTLOOKOUT 4 N/A N/A $410,000 N/A 39.0%

THORNESIDE 5 N/A N/A $310,000 0.0% 51.2%

THORNLANDS 3 N/A N/A $405,000 N/A N/A

VICTORIAPOINT* 12 $399,500 26.8% $330,000 -1.2% 49.3%

IPSWICH CITY (LGA) 150 $176,500 -1.4% $175,000 2.9% 29.6%

IPSWICH CITY (LGA) ^ ~ * 21 $239,900 N/A $238,500 -12.8% 50.5%

AUGUSTINEHEIGHTS* 11 $240,000 11.6% $224,000 0.8% N/A

BELLBIRDPARK~ - N/A N/A $205,000 19.9% N/A

BRASSALL* 10 $187,000 8.7% $179,999 0.3% 30.4%

BROOKWATER+* 6 $294,500 -5.0% $308,500 -2.1% 35.3%

BUNDAMBA* 5 $167,500 -8.2% $166,250 N/A N/A

CHUWAR 2 N/A N/A $198,000 1.5% N/A

COLLINGWOODPARK* 3 N/A N/A $155,000 -8.0% 12.0%

GOODNA 12 $177,500 4.4% $175,000 N/A 29.6%

KARALEE^* 11 $267,000 N/A $259,000 N/A 26.7%

NORTHBOOVAL 11 $189,000 1.1% $185,000 N/A N/A

PINEMOUNTAIN^* 4 N/A N/A $214,000 N/A 47.6%

RACEVIEW* 5 $162,500 N/A $159,000 -5.9% 38.3%

REDBANKPLAINS 39 $174,500 0.3% $170,500 0.9% 25.4%

ROSEWOOD 2 N/A N/A $141,250 N/A N/A

SPRINGFIELDLAKES* 36 $169,000 -7.1% $169,000 6.3% 35.2%



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VACANT URBAN LAND continued 3 BEDROOM HOUSES

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MEDIAN SALES DATA

WULKURAKA* 5 $185,000 N/A N/A N/A N/A

LOGAN CITY (LGA) ~ * 107 $217,000 5.9% $210,900 10.4% 45.4%

LOGAN CITY (LGA) ^ ~ * 30 $221,000 -18.1% $246,000 2.3% 50.0%

BAHRSSCRUB* 18 $239,000 -2.4% $239,000 N/A N/A

DAISYHILL* 5 $320,000 -7.2% $342,500 N/A N/A

GREENBANK^ 4 N/A N/A $241,500 0.6% 50.9%

HILLCREST* 3 N/A N/A $207,500 N/A N/A

HOLMVIEW 5 $210,900 N/A $210,900 1.9% N/A

JIMBOOMBA* 3 N/A N/A $185,000 1.5% 55.5%

JIMBOOMBA^~ 5 $210,000 -3.7% $199,000 N/A 28.8%

LOGANHOLME 4 N/A N/A $220,000 0.0% N/A

LOGANLEA 2 N/A N/A $194,000 N/A N/A

MARSDEN* 24 $196,500 2.9% $190,900 N/A 31.7%

NEWBEITH^ 3 N/A N/A $249,500 4.0% 46.8%

UNDERWOOD* 12 $330,000 -3.5% $335,000 3.1% 57.6%

WATERFORD* 20 $163,000 10.8% $177,000 -1.7% 22.1%

WOODHILL^* 8 $188,500 N/A $180,000 N/A N/A

MORETON BAY (LGA) 365 $206,250 3.1% $204,925 -2.4% 21.3%

MORETON BAY (LGA) ^ 31 $390,000 -6.5% $395,000 3.9% 33.9%

BANKSIABEACH+*f 9 $450,000 47.5% $450,000 0.0% 10.1%

BEACHMERE* 5 $240,000 N/A $198,000 N/A N/A

BELLMERE* 16 $180,425 -9.7% $195,000 0.1% N/A

BRAYPARK 1 N/A N/A $220,000 0.0% 18.9%

BUNYA^* 2 N/A N/A $465,000 N/A N/A

BURPENGARY 4 N/A N/A $230,000 N/A 20.7%

CABOOLTURE* 54 $195,000 0.5% $191,950 -1.6% 28.0%

CASHMERE* 4 N/A N/A $295,000 N/A 69.5%

DAKABIN* 12 $207,450 N/A $212,450 N/A N/A

FERNYHILLS* 8 $347,500 N/A $362,500 N/A N/A

GRIFFIN* 15 $207,000 6.7% $208,250 4.6% N/A

KALLANGUR* 3 N/A N/A $188,000 -6.0% 34.3%

MANGOHILL* 18 $216,000 -12.7% $228,400 4.6% 42.5%

MORAYFIELD* 29 $195,000 2.5% $190,000 0.5% 27.1%

MURRUMBADOWNS* 4 N/A N/A $295,000 29.8% 37.2%

NARANGBA* 20 $241,400 5.2% $233,150 11.1% 33.2%

NINGI 6 $252,500 N/A $227,900 0.0% N/A

NORTHLAKES* 97 $204,000 2.3% $198,000 -6.9% N/A

OCEANVIEW^* 6 $351,000 N/A N/A N/A N/A

ROTHWELL*~ - N/A N/A $187,000 -6.5% 0.1%

SAMFORDVALLEY^* 5 $432,500 N/A $500,000 N/A 26.6%

UPPERCABOOLTURE 8 $199,000 6.1% $192,000 N/A N/A

WAMURAN^* 3 N/A N/A $245,000 N/A N/A

WARNER* 27 $259,950 9.0% $230,000 4.5% 40.2%

REDLAND CITY (LGA) ~ * 104 $180,000 -20.0% $242,000 245.7% 404.2%

REDLAND CITY (LGA) ^ 5 N/A N/A $500,000 N/A 17.6%

BIRKDALE 6 $301,000 N/A $300,000 N/A 33.3%

CLEVELAND*f 2 N/A N/A $307,000 N/A N/A

RUSSELLISLAND~ 34 $39,440 11.9% $40,000 -27.3% 66.7%

MOUNTCOTTON* 4 N/A N/A $240,000 -10.9% 25.7%

REDLANDBAY* 15 $300,000 19.0% $270,000 1.5% 25.6%

WELLINGTONPOINT 7 $330,000 -2.9% $310,000 N/A 20.4%

VICTORIAPOINT* 9 $263,000 -0.8% $265,000 -7.3% 19.4%

MACLEAYISLAND~* 15 $62,000 17.0% $55,000 -20.3% 3.8%

THORNLANDS~* 4 N/A N/A $248,000 N/A -2.7%

IPSWICH CITY COUNCIL AREA 275 771 270 818

4300 Brookwater/Camira/SpringfieldLakes/etc. 310 165 300 190

4301 CollingwoodPark/Redbank/RedbankPlains 280 84 270 96

4303 Dinmore/Riverview 260 29 250 24

4304 Blackstone/Bundamba/Silkstone/etc. 260 84 260 83

4305 Brassall/Leichhardt/Raceview/Yamanto/etc. 265 324 260 332

4306 BarellanPoint/Karalee/Willowbank/etc. 290 58 275 59

4340 Ebenezer/Grandchester/Rosewood/etc. 270 25 260 25

LOGAN CITY COUNCIL AREA 315 890 310 933

4114 Kingston/LoganCentral/Woodridge 300 161 300 175

4118 BrownsPlains/HeritagePark/RegentsPark/etc. 320 107 310 94

4119 Underwood 330 10 335 18

4123 Rochedale/RochedaleSouth 350 56 340 64

4124 BoroniaHeights/Greenbank/NewBeith/etc. 320 28 300 52

4125 Munruben/ParkRidge/ParkRidgeSouth² 340 6 350 11

4127 DaisyHill/SlacksCreek/Springwood/etc. 325 107 335 79

4128 ShailerPark/TanahMerah 350 16 350 37

4129 Loganholme 330 18 320 23

4130 Carbrook/Cornubia 370 11 320 11

4131 Loganlea/Meadowbrook 320 27 310 42

4132 Crestmead/Marsden 310 89 300 83

4133 ChambersFlat/LoganReserve/Waterford/etc. 340 26 335 20

4205 Bethania 310 33 305 19

4207 Beenleigh/Eagleby/MtWarrenPark/etc. 300 171 300 183

4280 Jimboomba/NorthMaclean/SouthMaclean/etc. 350 22 350 21

MORETON BAY REGIONAL COUNCIL AREA 320 1005 300 1055

Caboolture Region 290 432 285 490

4504 Narangba 315 14 310 28

4505 Burpengary 320 23 310 22

4506 Moorina/Morayfield 290 54 285 57

4507 BanksiaBeach/Bellara/Bongaree/Woorim/etc. 300 51 300 56

4508 DeceptionBay 290 102 285 99

4510 Beachmere/Caboolture/UpperCaboolture/etc. 280 134 270 176

4511 GodwinBeach/Ningi/SandstonePt 320 23 300 23

4514 D'Aguilar/DelaneysCk/Neurum/Woodford/etc. 280 22 280 17

4516 Elimbah 340 5 n.a. 4

Pine Rivers Region 350 369 340 355

4035 AlbanyCreek/BridgemanDowns 360 24 370 32

4037 EatonsHill 395 11 n.a. 4

4055 Bunya/FernyGrove/FernyHills/UpperKedron 370 57 350 39

4500 BrayPark/Cashmere/Strathpine/Warner/etc. 340 67 330 74

4501 Lawnton 320 19 330 16

4502 Petrie 320 27 310 28

4503 Dakabin/Griffin/Kallangur/MurrumbaDowns/etc. 330 87 319 78

4509 MangoHill/NorthLakes 360 55 350 58

4520 CampMountain/Highvale/SamfordVillage/etc. 400 14 380 18

4521 Dayboro/MtPleasant/OceanView/etc. 335 8 275 8

Redcliffe Region 320 204 310 210

4019 Clontarf/Margate/WoodyPoint 320 88 320 85

4020 Redcliffe/Scarborough 320 77 310 86

4021 Kippa-Ring 330 34 300 26

4022 Rothwell 320 5 300 13

REDLAND CITY COUNCIL AREA 360 320 350 342

4157 Capalaba/CapalabaWest/Sheldon 360 45 350 39

4158 Thorneside 350 13 350 12

4159 Birkdale 380 16 365 25

4160 Ormiston/WellingtonPoint 370 36 365 29

4161 AlexandraHills 360 42 360 50

4163 Cleveland 380 44 370 40


MARKETMONITORQ

UE

EN

SLA

ND

3 BEDROOM HOUSES continued

BRISBANE SURROUNDS

2 BEDROOM FLATS/UNITS continued

GOLD COAST CITY

Suburbs/Localities

MarQtr2010NewBonds

MarQtr2009Rent($)

NewBonds

Rent($)Po

stcode Suburbs/

LocalitiesMarQtr2010

NewBonds

MarQtr2009Rent($)

NewBonds

Rent($)Po

stcode

MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS

2 BEDROOM FLATS/UNITS

99

3




44444444 225463 225463 225463 225463



<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+






18 7518 75


33 5233 52




59 51

469 351MAR 10 144 190 52MAR 1058 91 26MAR 10

44 36

409 298DEC 09 164 184 66DEC 0980 67 21DEC 09

111 29

457 240MAR 09 202 187 45MAR 0953 86 4MAR 09

251

254

147

1273

1358

1045

927

1409

1557

44

136

157

MAR 09

SEP 09

MAR 10


1534

935

993

1511

1278

1373

344

490

541

9

20

18

MAR 09

DEC 09

MAR 10


<$350,000 <$500,000 <$1m $1m+


48

33

18

681

483

531

344

511

531

44

52

75

MAR 09

DEC 09

MAR 10


111

44

59

457

409

469

240

298

351

29

36

51

MAR 09

DEC 09

MAR 10


256

180

210

51

61

71

3

13

16

MAR 09

DEC 09

MAR 10


202

164

144

187

184

190

45

66

52

MAR 09

DEC 09

MAR 10


251

198

221

59

92

93

10

20

14

MAR 09

DEC 09

MAR 10


53

80

58

86

67

91

4

21

26

MAR 09

DEC 09

MAR 10


248

190

195

249

255

263

32

97

60

MAR 09

DEC 09

MAR 10


87

86

74

164

167

211

34

66

56

MAR 09

DEC 09

MAR 10


225

159

202

88

96

89

25

32

36

MAR 09

DEC 09

MAR 10


463

352

334

116

116

116

20

47

39

MAR 09

DEC 09

MAR 10


8 3

4

8

2

1

3

1

5

7

6

7

8 3

4

8

2

1

2

2

1

3

1

5

7

6

7

8 3

4

8

2

1


57575757














50 186 169 30118MAR 10 149 112 19MAR 1010 27 3MAR 10

55 169 157 26124DEC 09 132 126 42DEC 095 14 6DEC 09

66 197 151 1573MAR 09 45 84 17MAR 098 10 1MAR 09

71

76

57

514

521

310

660

944

774

169

336

300

19

51

36

MAR 09

SEP 09

MAR 10


163

119

118

277

242

289

69

140

123

21

60

68

MAR 09

SEP 09

DEC 09



172

112

125

566

476

510

404

427

509

68

89

103

244

313

347

MAR 09

DEC 09

MAR 10


66

55

50

197

169

186

151

157

169

15

26

30

73

124

118

MAR 09

DEC 09

MAR 10


33

15

19

20

21

28

2

2

1

MAR 09

DEC 09

MAR 10


45

132

149

84

126

112

17

42

19

MAR 09

DEC 09

MAR 10


22

17

13

31

34

22

3

1

5

MAR 09

DEC 09

MAR 10


8

5

10

10

14

27

1

6

3

MAR 09

DEC 09

MAR 10


45

23

29

84

76

107

17

19

18

MAR 09

DEC 09

MAR 10


18

21

16

29

27

41

7

6

7

MAR 09

DEC 09

MAR 10


8

30

12

15

22

41

3

4

8

MAR 09

DEC 09

MAR 10


70

44

53

36

26

35

2

1

MAR 09

DEC 09

MAR 10


4164 Thornlands 380 18 380 11

4165 MtCotton/RedlandBay/VictoriaPoint/etc. 360 61 350 65

4184 CoochiemudloIs/MacleayIs/RussellIs/etc. 220 41 225 66

IPSWICH CITY COUNCIL AREA 235 143 230 142

4300 Brookwater/Camira/SpringfieldLakes/etc. 230 17 220 30

4301 CollingwoodPark/Redbank/RedbankPlains 250 37 250 23

4304 Blackstone/Bundamba/Silkstone/etc. 235 30 210 13

4305 Brassall/Leichhardt/Raceview/Yamanto/etc. 225 58 230 73

LOGAN CITY COUNCIL AREA 240 224 240 259

4114 Kingston/LoganCentral/Woodridge 240 82 230 90

4123 Rochedale/RochedaleSouth 280 7 260 16

4127 DaisyHill/SlacksCreek/Springwood/etc. 275 24 280 42

4128 ShailerPark/TanahMerah 280 11 250 7

4132 Crestmead/Marsden 250 5 270 5

4133 ChambersFlat/LoganReserve/Waterford/etc. 245 9 240 10

4207 Beenleigh/Eagleby/MtWarrenPark/etc. 240 72 240 70

4280 Jimboomba/NorthMaclean/SouthMaclean/etc. 240 6 n.a. 0

MORETON BAY REGIONAL COUNCIL AREA 260 387 250 369

Caboolture Region 260 144 240 150

4505 Burpengary 250 8 230 10

4507 BanksiaBeach/Bellara/Bongaree/Woorim/etc. 250 44 240 56

4508 DeceptionBay 285 22 235 12

4510 Beachmere/Caboolture/UpperCaboolture/etc. 255 61 240 63

Pine Rivers Region 270 107 259 61

4500 BrayPark/Cashmere/Strathpine/Warner/etc. 270 39 260 25

4501 Lawnton 230 9 245 14

4502 Petrie 200 8 n.a. 0

4503 Dakabin/Griffin/Kallangur/MurrumbaDowns/etc. 275 42 240 14

4509 MangoHill/NorthLakes 270 6 n.a. 0

Redcliffe Region 255 136 260 158

4019 Clontarf/Margate/WoodyPoint 245 55 240 62

4020 Redcliffe/Scarborough 270 78 270 85

REDLAND CITY COUNCIL AREA 310 87 300 83

4157 Capalaba/CapalabaWest/Sheldon 285 15 290 20

4158 Thorneside 290 8 280 11

4159 Birkdale 300 5 n.a. 2

4160 Ormiston/WellingtonPoint 260 6 300 8

4163 Cleveland 375 42 340 31

4165 MtCotton/RedlandBay/VictoriaPoint/etc. 290 5 n.a. 1

Median house and unit prices The Gold Coast’s residential property market has experienced a flat March quarter with nil median price growth for both houses and units.

The Gold Coast median house price remains at $510,000 and the unit and townhouse median is steady at $380,000.

The region has been impacted by the interest rate increases over the past nine months and a general feeling of uncertainty about where the economy is heading. Agents report that once the worries of the global financial crisis, including issues surrounding Europe’s debt position, are behind us then confidence and thus the market will improve.

There was a small spike of activity in April however, the May interest rate rise put paid to any real improvement in the

market. There needs to be a prolonged period of unchanged interest rates for conditions to vastly improve.

First home buyers are still active in the market but nowhere near the numbers of late 2008 and throughout 2009. Demand from this segment of the market is behind the solid results of Highland Park and Oxenford over the quarter and over the year. Highland Park experienced a 7.1 per cent price increase to $420,000 over the quarter and is up 6.3 per cent over the year ending March. Oxenford’s median house price increased 13 per cent over the quarter to $497,000 and 5.9 per cent over the year.

The enormous amount of infrastructure currently taking place around the Robina region has helped Varsity Lakes to achieve a median house price increase of 4.5 per cent to $512,000 over the quarter, and a 5.5 per cent rise over the year.



MARKETMONITORQ

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GOLD COAST CITY




1

2

6

2

1

6

5

1

1

7

3

8

1

2

2 9

1

3

1

2

6

2

1

6

5

1

1

4

7

5

1


7

3

8

1

2

2

4

5

1

9

1

3

1

2

6

2

1

6

5

1

1















50 186 169 118MAR 10 71 17 2MAR 1040 7 1MAR 10

55 169 157 124DEC 09 90 18 6DEC 0963 2 1DEC 09

66 197 151 73MAR 09 73 3 2MAR 0921 2MAR 09

60

98

30

80

172

70

28

55

61

10

19

14

MAR 09

SEP 09

MAR 10


163

119

118

277

242

289

69

140

123

21

60

68

MAR 09

SEP 09

DEC 09



172

112

125

566

476

510

404

427

509

244

313

347

MAR 09

DEC 09

MAR 10


66

55

50

197

169

186

151

157

169

73

124

118

MAR 09

DEC 09

MAR 10


45

56

66

4

7

5

1

MAR 09

DEC 09

MAR 10


73

90

71

3

18

17

2

6

2

MAR 09

DEC 09

MAR 10


76

49

68

7

3

8

1

2

2

MAR 09

DEC 09

MAR 10


21

63

40

2

2

7

1

1

MAR 09

DEC 09

MAR 10


86

94

79

4

21

16

5

1

MAR 09

DEC 09

MAR 10


70

104

94

10

12

9

1

3

MAR 09

DEC 09

MAR 10


87

64

72

1

2

6

2

1

MAR 09

DEC 09

MAR 10


84

94

84

6

5

1

1

MAR 09

DEC 09

MAR 10


Demand for the Gold Coast’s unit and townhouse market is stable with buyers looking for the right property at the right price. Agents have reported high body corporate charges are proving a deterrent to an increasing number of buyers. Restricted access to finance for developers is also having an impact with fewer new developments on the drawing board.

Median land pricesPreliminary sales of vacant urban land fell dramatically on the Gold Coast during the March quarter, down about 25 per cent on the previous quarter.

There remains an extreme undersupply of vacant land due to the fact that there is very limited land left for residential development. The median price of vacant land fell 0.4 per cent over the quarter to $242,000 and was down 2.8 per cent over the year.

Rental marketThe median rent for a two-bedroom unit was static at $350 per week between March 2010 and March last year. The median rent for a three-bedroom house increased slightly, up $5 per week to $395 over the year.

GOLD COAST CITY (LGA) 1,155 $510,000 0.0% $495,000 5.3% 25.3%

GOLD COAST CITY (LGA) ^ 117 $700,000 1.3% $685,000 0.7% 23.4%

ARUNDEL~ 32 $496,250 -12.2% $469,500 -1.5% 20.4%

ASHMORE 38 $488,500 -1.3% $482,500 4.4% 32.2%

BENOWA+* 30 $722,500 1.0% $720,000 3.6% 14.0%

BIGGERAWATERS~f 10 $567,500 2.9% $552,500 16.9% 33.6%

BONOGIN^~ 13 $630,000 -18.4% $650,000 4.8% 19.3%

BROADBEACHWATERS~f 34 $871,250 20.0% $850,000 6.3% 32.8%

BUNDALL~f 20 $905,000 10.6% $857,500 -1.2% 19.9%

BURLEIGHHEADS~ 17 $610,250 13.2% $575,000 13.6% 12.2%

BURLEIGHWATERS 43 $590,000 5.8% $562,500 3.8% 29.6%

CARRARA~f 28 $435,000 -8.4% $445,000 3.5% 27.1%

CLEARISLANDWATERS~f 9 $642,000 -38.1% $879,500 2.6% 25.6%

COOMBABAH 29 $480,000 12.9% $430,000 8.0% 34.8%

COOMERA+*f 25 $567,000 -0.5% $581,000 -1.7% 9.6%

CURRUMBIN 1 N/A N/A $585,500 N/A N/A

CURRUMBINVALLEY^ 3 N/A N/A $762,500 N/A 12.5%

CURRUMBINWATERS 19 $510,000 -2.9% $495,000 5.3% 25.3%

ELANORA 42 $537,500 4.0% $506,000 4.3% 26.5%

HELENSVALE^ 5 $790,000 N/A $795,000 N/A N/A

HELENSVALE+*f 45 $480,000 -9.6% $510,000 13.3% 33.5%

HIGHLANDPARK 13 $420,000 7.1% $417,250 6.3% 30.4%

HOLLYWELL~f 14 $685,000 28.0% $555,000 11.0% 17.5%

HOPEISLAND+*f 28 $1,345,000 32.8% $1,100,000 -8.3% 7.8%

JACOBSWELL 2 N/A N/A $415,000 N/A 30.7%

LABRADOR 17 $460,000 9.3% $430,000 4.9% 22.9%

LOWERBEECHMONT 2 N/A N/A $351,000 N/A N/A

MAUDSLAND~ 8 $398,000 -8.1% $433,000 1.9% 25.3%

MERMAIDBEACHf 11 $1,235,000 N/A $1,187,500 8.0% 13.9%

MERMAIDWATERS 32 $755,000 12.7% $650,000 2.5% 31.1%

MERRIMAC 14 $412,000 -3.7% $414,500 1.4% 29.5%

MIAMI 10 $586,250 7.6% $540,500 8.1% 31.7%

MOLENDINAR 18 $492,500 -0.5% $507,500 8.0% 28.5%

MUDGEERABA 31 $499,000 2.5% $475,000 9.8% 35.7%

MUDGEERABA^ 4 N/A N/A $652,500 3.7% 16.5%

NERANG 41 $394,000 2.6% $383,000 3.0% 30.3%

NERANG^ 6 $787,500 N/A $750,000 N/A 29.9%

ORMEAU 41 $447,500 2.9% $439,950 3.2% 24.6%

ORMEAU^ 4 N/A N/A $680,000 8.8% 26.2%

ORMEAUHILLS 7 $510,000 1.3% $503,000 N/A N/A

OXENFORD 38 $497,000 13.0% $451,250 5.9% 34.9%

PACIFICPINES 63 $465,150 1.7% $462,250 2.7% 29.0%

PALMBEACH 37 $550,000 3.3% $535,000 0.9% 21.6%

PARADISEPOINT¹f 22 $660,250 5.6% $590,000 2.6% -7.8%

PARKWOOD 18 $497,000 1.4% $477,000 8.3% 24.5%

PIMPAMA 4 N/A N/A $395,000 N/A N/A

PIMPAMA^~ 4 N/A N/A $629,500 -0.5% 30.5%

REEDYCREEK 12 $695,000 6.8% $636,000 6.9% 48.6%

ROBINA 61 $545,000 0.9% $540,000 3.6% 22.7%

RUNAWAYBAY~f 16 $744,250 15.8% $738,750 -9.1% 1.5%

SOUTHPORT 39 $460,000 -1.0% $460,000 2.2% 29.6%

SOVEREIGNISLANDf 5 N/A N/A $2,385,000 8.4% 28.9%

SURFERSPARADISE~f 14 $1,280,000 91.8% $1,250,000 -16.0% 2.0%

TALLAI^~ 9 $900,000 31.4% $812,500 20.4% 19.5%

TALLEBUDGERA^~ 5 $669,000 -1.6% $689,500 -6.2% 28.9%

TALLEBUDGERAVALLEY^ 7 $665,000 -5.5% $705,000 N/A 17.7%

TUGUN 17 $465,000 -0.7% $461,000 0.8% 27.2%

UPPERCOOMERA 78 $421,500 -3.7% $420,000 3.7% 35.5%

VARSITYLAKES 35 $512,000 4.5% $480,000 5.5% 20.0%

WORONGARY 8 $412,000 N/A $403,500 6.5% 31.4%

WORONGARY^~ 15 $745,000 5.7% $699,500 16.6% 45.0%

YATALA^ 7 $720,000 N/A $711,000 N/A N/A

According to REIQ property managers, the Gold Coast rental market is currently experiencing a softening in demand, seeing vacancy rates as at the end of March ease to 3.9 per cent - up from 3.2 per cent recorded at the end of September last year.

Many agents are reporting investor activity has also slowed in recent times. The result of a slower economy has impacted on local employment in the region’s building and health industries, which has also had an effect on the Gold Coast rental market.



MARKETMONITORQ

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GOLD COAST CITY

UNITS & TOWNHOUSES VACANT URBAN LAND continued



3 BEDROOM HOUSES

Suburbs/Localities

MarQtr2010NewBonds

MarQtr2009Rent($)

NewBonds

Rent($)Po

stcode

MEDIAN WEEKLY RENTS


VACANT URBAN LAND

GOLD COAST CITY (LGA) 1,594 $380,000 0.0% $375,000 7.1% 23.0%

ARUNDEL 15 $315,000 -1.6% $322,500 6.6% 43.3%

ASHMORE~ 20 $298,000 -7.6% $310,675 3.9% 35.1%

BENOWA-* 6 N/A N/A $465,000 31.7% 66.1%

BIGGERAWATERS 43 $420,000 6.3% $377,750 14.5% 48.1%

BILINGA*f 12 $429,000 N/A $480,000 -12.7% 8.2%

BROADBEACH 101 $489,000 11.1% $470,000 9.3% 9.8%

BROADBEACHWATERS 11 $440,000 -0.5% $420,000 9.8% 46.6%

BUNDALL~* 5 N/A N/A $350,000 0.6% 24.1%

BURLEIGHHEADS*f 57 $420,000 5.3% $410,000 -3.5% 20.6%

BURLEIGHWATERS* 25 $373,000 -0.5% $360,000 -6.0% 32.2%

CARRARA*f 37 $379,000 -13.4% $383,500 -1.7% 8.4%

CLEARISLANDWATERSf 6 N/A N/A $436,000 31.1% 26.4%

COOLANGATTA 44 $487,500 4.3% $465,000 5.0% 20.8%

COOMBABAH 27 $340,000 0.9% $330,000 6.8% 40.4%

COOMERA-*f 13 $292,500 -17.6% $335,900 17.9% 31.7%

CURRUMBIN~* 15 $485,000 32.9% $390,000 -22.0% 19.1%

CURRUMBINWATERSf~ 11 $335,000 -8.8% $335,000 1.5% 32.4%

ELANORA 14 $346,250 1.8% $335,000 9.4% 36.6%

EPHRAIMISLAND*f 7 $1,275,000 5.2% $1,150,000 N/A 9.1%

HELENSVALE- 12 $337,500 9.2% $325,000 4.8% 14.0%

HIGHLANDPARK 3 N/A N/A $282,500 1.6% 33.9%

HOLLYWELL*f 8 $853,000 -4.7% $870,000 31.8% N/A

HOPEISLAND-*f 28 $395,000 -8.1% $510,000 -7.3% 9.7%

LABRADOR 95 $330,000 4.8% $317,500 0.9% 24.5%

MAINBEACHf~ 36 $890,000 45.9% $632,500 0.0% 17.1%

MERMAIDBEACHf 37 $395,000 24.4% $370,000 2.5% 13.4%

MERMAIDWATERSf 24 $327,750 -7.4% $328,750 4.0% 37.6%

MERRIMAC 13 $360,000 9.9% $341,750 8.5% 48.6%

MIAMI 42 $370,000 -2.6% $385,000 9.2% 30.5%

MOLENDINAR~ 6 N/A N/A $336,000 -2.9% 21.6%

MUDGEERABA 19 $358,000 1.7% $349,000 4.6% 45.4%

NERANG 15 $300,000 3.2% $290,000 0.0% 28.9%

ORMEAU* 4 N/A N/A $352,000 -1.6% 52.4%

OXENFORD* 22 $280,000 -5.6% $290,000 3.8% 36.8%

PACIFICPINES 17 $390,000 9.1% $377,500 3.4% 52.2%

PALMBEACH 51 $355,000 -1.4% $360,000 3.2% 24.1%

PARADISEPOINT¹f~ 17 $425,000 16.6% $395,000 12.9% 29.7%

PIMPAMA 6 N/A N/A $349,000 N/A N/A

REEDYCREEK 7 $307,000 -2.5% $304,000 2.0% 38.2%

ROBINA* 48 $448,125 -6.5% $450,000 5.3% 35.1%

RUNAWAYBAYf~ 33 $535,000 39.8% $500,000 19.0% 19.0%

SOUTHPORT 146 $388,500 4.7% $375,000 4.2% 25.4%

SURFERSPARADISEf 226 $352,500 0.7% $350,000 -5.4% 2.9%

TUGUN 21 $395,000 9.7% $425,500 6.9% 31.7%

UPPERCOOMERA 20 $309,000 6.0% $320,750 1.8% 12.5%

VARSITYLAKES 61 $388,500 -0.4% $389,000 2.8% 14.4%

GOLD COAST CITY (LGA) f 149 $242,000 -0.4% $239,000 -2.8% 22.6%

GOLD COAST CITY (LGA) ^ ~ 22 $455,000 36.8% $373,000 -20.6% 9.7%

COOMERA+*f 22 $259,500 1.4% $250,500 0.2% 13.9%

GILSTON* 2 N/A N/A $220,900 -5.4% N/A

HELENSVALE+*f 5 $525,000 6.1% $495,000 0.0% 10.9%

HOPEISLAND+*f 26 $281,000 -14.8% $425,000 -18.1% -31.5%

MAUDSLAND 5 $242,000 N/A $240,280 N/A 32.8%

MAUDSLAND^ 4 N/A N/A $360,000 N/A N/A

MUDGEERABA 2 N/A N/A $290,000 N/A 26.1%

ORMEAU* 7 $239,000 -4.4% $226,000 -1.7% 32.9%

OXENFORD 5 $257,500 9.6% $230,000 N/A 1.8%

PACIFICPINES* 29 $231,500 -3.9% $235,510 -1.6% 25.3%

PIMPAMA* 14 $207,950 -2.1% $219,500 N/A 4.5%

REEDYCREEK* 11 $332,000 -2.4% $322,500 -0.8% 25.7%

SOVEREIGNISLAND*f 8 $1,032,500 N/A $1,085,000 N/A 20.6%

UPPERCOOMERA* 33 $237,000 1.7% $228,000 -5.1% 23.2%

WILLOWVALE^ 5 $483,000 N/A N/A N/A N/A

GOLD COAST CITY COUNCIL AREA 395 1,055 390 1,227

4208 JacobsWell/Ormeau/OrmeauHills/etc. 360 28 340 31

4209 Coomera/Pimpama/UpperCoomera/WillowVale 360 78 360 123

4210 Guanaba/Maudsland/Oxenford/Wongawallan 380 27 370 23

4211 Carrara/HighlandPark/Nerang/PacificPines/etc. 375 125 370 137

4212 Helensvale/HopeIsland 400 54 390 70

4213 Bonogin/Mudgeeraba/Tallai/Worongary/etc. 400 79 390 51

4214 Arundel/Ashmore/Molendinar/Parkwood 395 88 400 105

4215 Labrador/Southport 380 113 380 143

4216 BiggeraWaters/ParadisePt/RunawayBay/etc. 380 71 380 80

4217 Benowa/MainBeach/SurfersParadise/etc. 470 48 475 57

4218 Broadbeach/MermaidBeach/MermaidWates/etc. 470 68 460 74

4220 BurleighHeads/BurleighWaters/Miami 420 59 430 63

4221 Elanora/PalmBeach 415 53 400 58

4223 Currumbin/CurrumbinValley/CurrumbinWaters 390 39 390 29

4224 Tugun 400 9 400 19

4225 Bilinga/Coolangatta 365 6 360 12

4226 ClearIslandWaters/Merrimac/Robina 410 62 400 93

4227 ReedyCreek/VarsityLakes 420 46 400 58

GOLD COAST CITY COUNCIL AREA 350 2,634 350 2,660












4223 Currumbin/CurrumbinValley/CurrumbinWaters 350 39 350 47

4224 Tugun 310 46 315 33

4225 Bilinga/Coolangatta 300 131 310 155





MARKETMONITORQ

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GOLD COAST CITY

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MarQtr2009Rent($)

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MarQtr2009Rent($)

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MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS

3 BEDROOM TOWNHOUSES continued3 BEDROOM TOWNHOUSES

TOOWOOMBA REGIONAL

99

3




44444444 225463 225463 225463 225463



<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+






18 7518 75


33 5233 52




59 51

469 351MAR 10 144 190 52MAR 1058 91 26MAR 10

44 36

409 298DEC 09 164 184 66DEC 0980 67 21DEC 09

111 29

457 240MAR 09 202 187 45MAR 0953 86 4MAR 09

251

254

147

1273

1358

1045

927

1409

1557

44

136

157

MAR 09

SEP 09

MAR 10


1534

935

993

1511

1278

1373

344

490

541

9

20

18

MAR 09

DEC 09

MAR 10


<$350,000 <$500,000 <$1m $1m+


48

33

18

681

483

531

344

511

531

44

52

75

MAR 09

DEC 09

MAR 10


111

44

59

457

409

469

240

298

351

29

36

51

MAR 09

DEC 09

MAR 10


256

180

210

51

61

71

3

13

16

MAR 09

DEC 09

MAR 10


202

164

144

187

184

190

45

66

52

MAR 09

DEC 09

MAR 10


251

198

221

59

92

93

10

20

14

MAR 09

DEC 09

MAR 10


53

80

58

86

67

91

4

21

26

MAR 09

DEC 09

MAR 10


248

190

195

249

255

263

32

97

60

MAR 09

DEC 09

MAR 10


87

86

74

164

167

211

34

66

56

MAR 09

DEC 09

MAR 10


225

159

202

88

96

89

25

32

36

MAR 09

DEC 09

MAR 10


463

352

334

116

116

116

20

47

39

MAR 09

DEC 09

MAR 10


8 3

4

8

2

1

3

1

5

7

6

7

8 3

4

8

2

1

2

2

1

3

1

5

7

6

7

8 3

4

8

2

1


57575757














50 186 169 30118MAR 10 149 112 19MAR 1010 27 3MAR 10

55 169 157 26124DEC 09 132 126 42DEC 095 14 6DEC 09

66 197 151 1573MAR 09 45 84 17MAR 098 10 1MAR 09

71

76

57

514

521

310

660

944

774

169

336

300

19

51

36

MAR 09

SEP 09

MAR 10


163

119

118

277

242

289

69

140

123

21

60

68

MAR 09

SEP 09

DEC 09



172

112

125

566

476

510

404

427

509

68

89

103

244

313

347

MAR 09

DEC 09

MAR 10


66

55

50

197

169

186

151

157

169

15

26

30

73

124

118

MAR 09

DEC 09

MAR 10


33

15

19

20

21

28

2

2

1

MAR 09

DEC 09

MAR 10


45

132

149

84

126

112

17

42

19

MAR 09

DEC 09

MAR 10


22

17

13

31

34

22

3

1

5

MAR 09

DEC 09

MAR 10


8

5

10

10

14

27

1

6

3

MAR 09

DEC 09

MAR 10


45

23

29

84

76

107

17

19

18

MAR 09

DEC 09

MAR 10


18

21

16

29

27

41

7

6

7

MAR 09

DEC 09

MAR 10


8

30

12

15

22

41

3

4

8

MAR 09

DEC 09

MAR 10


70

44

53

36

26

35

2

1

MAR 09

DEC 09

MAR 10


1

2

6

2

1

6

5

1

1

7

3

8

1

2

2 9

1

3

1

2

6

2

1

6

5

1

1

4

7

5

1


7

3

8

1

2

2

4

5

1

9

1

3

1

2

6

2

1

6

5

1

1















50 186 169 118MAR 10 71 17 2MAR 1040 7 1MAR 10

55 169 157 124DEC 09 90 18 6DEC 0963 2 1DEC 09

66 197 151 73MAR 09 73 3 2MAR 0921 2MAR 09

60

98

30

80

172

70

28

55

61

10

19

14

MAR 09

SEP 09

MAR 10


163

119

118

277

242

289

69

140

123

21

60

68

MAR 09

SEP 09

DEC 09



172

112

125

566

476

510

404

427

509

244

313

347

MAR 09

DEC 09

MAR 10


66

55

50

197

169

186

151

157

169

73

124

118

MAR 09

DEC 09

MAR 10


45

56

66

4

7

5

1

MAR 09

DEC 09

MAR 10


73

90

71

3

18

17

2

6

2

MAR 09

DEC 09

MAR 10


76

49

68

7

3

8

1

2

2

MAR 09

DEC 09

MAR 10


21

63

40

2

2

7

1

1

MAR 09

DEC 09

MAR 10


86

94

79

4

21

16

5

1

MAR 09

DEC 09

MAR 10


70

104

94

10

12

9

1

3

MAR 09

DEC 09

MAR 10


87

64

72

1

2

6

2

1

MAR 09

DEC 09

MAR 10


84

94

84

6

5

1

1

MAR 09

DEC 09

MAR 10


GOLD COAST CITY COUNCIL AREA 360 1,074 360 881














Median house and unit prices The potential of the Surat Basin Energy Province is starting to shine through with the Toowoomba local government area posting the strongest results of any major regional centre over the year ending March 2010.

Toowoomba’s median house price increased a very healthy 9.8 per cent over the year to $289,000. The region remains the second most affordable in Queensland after Bundaberg. Over the March quarter Toowoomba’s median house price increased 1.7 per cent.

There has been an increase in investor activity since January and this is likely to continue with Toowoomba set to become the economic and service hub for the Surat Basin.

Confidence has returned to the region with its long-term water supply now secured through a $200 million pipeline and the heavy rains that flooded south-west Queensland in March filling up dams. Water restrictions have been lifted which augurs well for the city’s annual Carnival of Flowers in September.

The March rains have improved the economic outlook as farmers will finally have some money in their pockets in the months ahead.

Buyers are increasingly looking to Toowoomba’s western suburbs due to the affordability of property in these areas. Wilsonton, Harristown, Middle Ridge, Rockville, Harlaxton and Newtown are all suburbs likely to experience healthy capital growth in the times ahead due to their low prices and proximity to Toowoomba’s CBD.

Toowoomba’s unit and townhouse market remained relatively flat at $229,000 over the March quarter and posted a 4.1 per cent increase over the year.

While Toowoomba has not had a large stock of units in the past, it is likely that more units and townhouses will be developed over the long-term to provide more affordable housing options for its residents. This move to higher density living will possibly be the first element in Toowoomba’s transformation from inland regional centre to a thriving,

resource city.



MARKETMONITORQ

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NewBonds

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MEDIAN WEEKLY RENTS

HOUSES UNITS & TOWNHOUSES continued



UNITS & TOWNHOUSES

VACANT URBAN LAND

Median land prices Toowoomba’s median vacant urban land price posted a slight 2.3 per cent decrease to $130,000 over the March period. At the other end of the scale, the median price over the year was up 31. 8 per cent – a fluctuation due to the quality of land sold during the period.

The price of vacant urban land in the region is set to continue to rise due to increasing infrastructure requirements on developers.

The new State Government regional $4,000 bonus for buyers to build their first home will provide some help to first-timers in the region. However, as the average cost of a new home is about $300,000, this type of home remains out of financial reach for most first-timers.

Rental market The median rent for a two-bedroom unit increased $10 per week to $200 in the March quarter. The median rent for a three-bedroom house was also up $15 per week to $265. These results were contrary to many other areas of the State which have experienced very little rent growth over the past year.

Agents are reporting increasing demand for rental properties which is having a tightening effect on vacancy rates in the region.

TOOWOOMBA (LGA) 489 $300,000 1.7% $289,000 9.8% 34.4%

TOOWOOMBA (LGA) ^ 63 $420,000 4.0% $421,250 10.9% 40.4%

CENTENARYHEIGHTS~ 25 $280,000 -10.3% $294,000 9.3% 27.8%

CLIFTON 4 N/A N/A $195,000 N/A 48.9%

CROWSNEST 4 N/A N/A $232,500 10.7% 36.8%

DARLINGHEIGHTS 21 $320,000 4.2% $295,000 7.3% 22.9%

DRAYTON 8 $315,000 N/A $312,750 N/A 40.2%

EASTTOOWOOMBA 16 $377,250 0.6% $366,000 2.8% 39.4%

GLENVALE 21 $345,000 4.9% $326,000 15.1% 37.6%

GLENVALE^ 5 $480,000 N/A $472,500 N/A 36.0%

HARLAXTON~ 10 $235,000 -21.1% $230,625 -0.8% 35.7%

HARRISTOWN 31 $265,000 3.9% $256,500 9.1% 33.6%

HIGHFIELDS 18 $443,500 5.6% $427,000 5.4% 16.0%

HIGHFIELDS^ 23 $430,000 -3.4% $440,000 17.0% 36.4%

KEARNEYSSPRING 29 $320,000 -1.5% $308,000 9.2% 22.0%

KINGSTHORPE 7 $275,000 0.5% $265,000 14.5% 55.9%

MERINGANDANWEST^ 4 N/A N/A $327,000 N/A 36.3%

MIDDLERIDGE~ 33 $462,000 -6.1% $440,000 10.3% 29.8%

MOUNTLOFTY~ 21 $365,000 -5.3% $337,000 -3.2% 31.1%

NEWTOWN 46 $266,000 0.4% $250,000 8.7% 38.9%

NORTHTOOWOOMBA 15 $230,000 0.4% $236,000 2.6% 34.1%

OAKEY~ 10 $266,500 12.1% $220,000 13.8% 59.4%

PITTSWORTH~ 7 $260,000 4.8% $278,000 17.1% 88.5%

RANGEVILLE~ 35 $380,000 -6.3% $370,000 13.8% 34.5%

ROCKVILLE 10 $259,500 6.8% $250,400 12.3% 40.7%

SOUTHTOOWOOMBA 17 $256,500 -5.0% $258,750 3.5% 38.4%

TOOWOOMBACITY 6 N/A N/A $255,000 -0.2% 30.8%

WESTBROOK 7 $382,500 N/A $375,000 2.7% 28.4%

WILSONTON 15 $295,500 9.4% $275,000 14.6% 34.1%

WILSONTONHEIGHTS 13 $255,000 9.0% $245,000 9.7% 36.5%

WYREEMA 7 $290,000 N/A $304,000 16.5% 60.0%

TOOWOOMBA (LGA) 89 $237,000 -0.2% $229,000 4.1% 43.1%

CENTENARYHEIGHTS 5 N/A N/A $257,500 N/A 3.0%

EASTTOOWOOMBA~ 13 $327,000 N/A $232,500 10.7% 52.5%

HARLAXTON 2 N/A N/A $155,000 -6.1% N/A

KEARNEYSSPRING 14 $270,250 1.2% $249,950 13.1% 38.9%

NEWTOWN* 17 $218,000 4.3% $216,000 5.4% 40.9%

SOUTHTOOWOOMBA 7 $242,500 N/A N/A N/A N/A

TOOWOOMBACITY~* 4 N/A N/A $203,750 -18.5% 42.5%

WILSONTON 3 N/A N/A $227,000 -5.4% 40.6%

TOOWOOMBA (LGA) * 90 $130,000 -2.3% $129,500 31.8% 43.9%

TOOWOOMBA (LGA) ^ 51 $165,000 0.0% $165,000 19.6% 49.3%

GLENVALE* 4 N/A N/A $127,000 27.0% 62.2%

GOWRIEJUNCTION^ 5 $135,000 N/A $135,000 N/A N/A

HARRISTOWN 6 $129,000 0.0% $129,000 N/A N/A

HIGHFIELDS* 18 $140,750 2.4% $136,500 7.1% 26.1%

HODGSONVALE^ 8 $166,250 N/A N/A N/A N/A

KLEINTON 4 N/A N/A $130,000 N/A N/A

MERINGANDANWEST* 8 $110,000 N/A $100,000 12.4% 53.8%

MIDDLERIDGE* 7 $225,000 9.8% $194,000 N/A 9.3%

PITTSWORTH 5 $110,000 N/A N/A N/A N/A

WESTBROOK 3 N/A N/A $108,000 10.8% 17.5%

WILSONTONHEIGHTS* 7 $130,000 0.0% $130,000 N/A N/A

TOOWOOMBA REGIONAL COUNCIL AREA 255 661 245 706

4350 Newtown/Rangeville/Harristown/Wilsonton/etc. 265 501 250 547

4352 Highfields/Meringandan/Preston/Withcott/etc. 280 29 270 34

4355 CrowsNest/Glenaven/JonesGully/etc. 200 13 180 6

4356 Pittsworth/Bongeen/Stoneleigh/etc. 220 27 195 36

4357 Millmerran/Bringalily/Stonehenge/etc. 200 8 190 10

4361 BackPlains/Clifton/SandyCamp/etc. 230 17 200 13

4401 Acland/Biddeston/Oakey/etc. 220 30 230 27

4614 Neumgna/UpperYarraman/Yarrman/etc. 190 13 200 5

TOOWOOMBA REGIONAL COUNCIL AREA 200 382 180 396

4350 Newtown/Rangeville/Harristown/Wilsonton/etc. 200 353 180 373

4356 Pittsworth/Bongeen/Stoneleigh/etc. 200 7 n.a. 4

4401 Acland/Biddeston/Oakey/etc. 170 14 170 11


MARKETMONITORQ

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SUNSHINE COAST REGIONAL

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44444444 225463 225463 225463 225463



<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+






18 7518 75


33 5233 52




59 51

469 351MAR 10 144 190 52MAR 1058 91 26MAR 10

44 36

409 298DEC 09 164 184 66DEC 0980 67 21DEC 09

111 29

457 240MAR 09 202 187 45MAR 0953 86 4MAR 09

251

254

147

1273

1358

1045

927

1409

1557

44

136

157

MAR 09

SEP 09

MAR 10


1534

935

993

1511

1278

1373

344

490

541

9

20

18

MAR 09

DEC 09

MAR 10


<$350,000 <$500,000 <$1m $1m+


48

33

18

681

483

531

344

511

531

44

52

75

MAR 09

DEC 09

MAR 10


111

44

59

457

409

469

240

298

351

29

36

51

MAR 09

DEC 09

MAR 10


256

180

210

51

61

71

3

13

16

MAR 09

DEC 09

MAR 10


202

164

144

187

184

190

45

66

52

MAR 09

DEC 09

MAR 10


251

198

221

59

92

93

10

20

14

MAR 09

DEC 09

MAR 10


53

80

58

86

67

91

4

21

26

MAR 09

DEC 09

MAR 10


248

190

195

249

255

263

32

97

60

MAR 09

DEC 09

MAR 10


87

86

74

164

167

211

34

66

56

MAR 09

DEC 09

MAR 10


225

159

202

88

96

89

25

32

36

MAR 09

DEC 09

MAR 10


463

352

334

116

116

116

20

47

39

MAR 09

DEC 09

MAR 10


8 3

4

8

2

1

3

1

5

7

6

7

8 3

4

8

2

1

2

2

1

3

1

5

7

6

7

8 3

4

8

2

1


57575757














50 186 169 30118MAR 10 149 112 19MAR 1010 27 3MAR 10

55 169 157 26124DEC 09 132 126 42DEC 095 14 6DEC 09

66 197 151 1573MAR 09 45 84 17MAR 098 10 1MAR 09

71

76

57

514

521

310

660

944

774

169

336

300

19

51

36

MAR 09

SEP 09

MAR 10


163

119

118

277

242

289

69

140

123

21

60

68

MAR 09

SEP 09

DEC 09



172

112

125

566

476

510

404

427

509

68

89

103

244

313

347

MAR 09

DEC 09

MAR 10


66

55

50

197

169

186

151

157

169

15

26

30

73

124

118

MAR 09

DEC 09

MAR 10


33

15

19

20

21

28

2

2

1

MAR 09

DEC 09

MAR 10


45

132

149

84

126

112

17

42

19

MAR 09

DEC 09

MAR 10


22

17

13

31

34

22

3

1

5

MAR 09

DEC 09

MAR 10


8

5

10

10

14

27

1

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3

MAR 09

DEC 09

MAR 10


45

23

29

84

76

107

17

19

18

MAR 09

DEC 09

MAR 10


18

21

16

29

27

41

7

6

7

MAR 09

DEC 09

MAR 10


8

30

12

15

22

41

3

4

8

MAR 09

DEC 09

MAR 10


70

44

53

36

26

35

2

1

MAR 09

DEC 09

MAR 10


1

2

6

2

1

6

5

1

1

7

3

8

1

2

2 9

1

3

1

2

6

2

1

6

5

1

1

4

7

5

1


7

3

8

1

2

2

4

5

1

9

1

3

1

2

6

2

1

6

5

1

1















50 186 169 118MAR 10 71 17 2MAR 1040 7 1MAR 10

55 169 157 124DEC 09 90 18 6DEC 0963 2 1DEC 09

66 197 151 73MAR 09 73 3 2MAR 0921 2MAR 09

60

98

30

80

172

70

28

55

61

10

19

14

MAR 09

SEP 09

MAR 10


163

119

118

277

242

289

69

140

123

21

60

68

MAR 09

SEP 09

DEC 09



172

112

125

566

476

510

404

427

509

244

313

347

MAR 09

DEC 09

MAR 10


66

55

50

197

169

186

151

157

169

73

124

118

MAR 09

DEC 09

MAR 10


45

56

66

4

7

5

1

MAR 09

DEC 09

MAR 10


73

90

71

3

18

17

2

6

2

MAR 09

DEC 09

MAR 10


76

49

68

7

3

8

1

2

2

MAR 09

DEC 09

MAR 10


21

63

40

2

2

7

1

1

MAR 09

DEC 09

MAR 10


86

94

79

4

21

16

5

1

MAR 09

DEC 09

MAR 10


70

104

94

10

12

9

1

3

MAR 09

DEC 09

MAR 10


87

64

72

1

2

6

2

1

MAR 09

DEC 09

MAR 10


84

94

84

6

5

1

1

MAR 09

DEC 09

MAR 10


Median house and unit prices The number of preliminary house sales increased by an impressive 27.1 per cent on the Sunshine Coast over the year ending March 2010 as buyer interest returned to the market.

The Sunshine Coast median house price increased 1.1 per cent to $480,000 over the quarter, with a 2.9 per cent increase over the year ending March 2010.

The early-year upswing in property prices, prevalent across the State, seemed to have bypassed the Sunshine Coast and it’s assumed the latest interest rate rise can be to blame. Rather, the property market on the Sunshine Coast experienced little variation in median house price figures.

REIQ agents are reporting a ‘normal’ real estate market and are anticipating the next three months will be the tell-tale quarter of the year and determine the rest of 2010.

Steady performers over the March quarter included Noosa Heads with a median house price increase of 9.8 per cent to $670,000, and Tewantin, up 6.9 per cent to $459,500.

The CBD of the Sunshine Coast, Maroochydore, was also a solid performer, notching up 9.6 per cent on its median house price to $498,750 – a popular suburb for investors.

Buderim’s preliminary sales numbers, while experiencing the most activity of any other Sunshine Coast suburb, were down for the quarter as was its median house price. This largely indicates a change in the types of houses sold and an increased number of affordable properties. There were 97 preliminary sales in Buderim throughout the March quarter, although its median dropped 4.6 per cent to $515,000.

Tewantin and Sippy Downs had a reasonably high volume of sales for the March quarter totalling 83 with a median increase of 6.9 per cent and 0.9 per cent respectively; both are entry level suburbs to the Sunshine Coast property market.

The unit and townhouse median price on the Sunshine Coast dipped 3.9 per cent over the March quarter to $380,000. Agents are reporting a surge from investors who have been controlling this market, especially at the lower end.

Buderim was a standout suburb in the unit and townhouse market again with a 15.2 per cent increase to its median to $395,300, as was Nambour with an 8.7 per cent increase to $310,000.

Median land prices REIQ agents are reporting a shortage of vacant urban land on the Sunshine Coast although its median price increased 2.9 per cent to $262,475 over the March quarter. Sales numbers were down marginally on the previous quarter.

Beerwah was the strongest performing suburb in vacant urban land medians with a 4.7 increase to $199,000.

Rental market The median rent for a two-bedroom unit increased by $5 per week to $300 between March 2010 and March last year, but remained static for a three-bedroom house at $360 over the same period.

Following a period of easing demand in September last year, vacancy rates on the Sunshine Coast have begun to tighten again with a vacancy rate of 3.5 per cent recorded as at the end of March 2010. REIQ agents are reporting a stabilising rental market with around two to five applicants per rental listing.



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HOUSES



HOUSES continued

UNITS & TOWNHOUSES

SUNSHINE COAST (LGA) 930 $480,000 1.1% $465,000 2.9% 21.4%

SUNSHINE COAST (LGA) ^ 164 $561,250 0.0% $560,000 -2.6% 31.0%

AROONA 9 $450,000 7.1% $428,000 -1.2% 21.8%

BATTERYHILL~ 13 $490,000 24.0% $410,000 2.5% 16.5%

BEERWAH 24 $393,750 -0.3% $402,500 4.0% 53.9%

BEERWAH^ 3 N/A N/A $493,500 N/A 35.2%

BLACKMOUNTAIN^ 3 N/A N/A $511,250 N/A N/A

BLIBLI 12 $464,000 12.5% $405,000 6.6% 29.7%

BUDDINA~f 17 $630,000 -29.4% $600,500 -0.7% 21.9%

BUDERIM 97 $515,000 -4.6% $530,000 1.7% 26.2%

BUDERIM^~ 3 N/A N/A $690,000 N/A -8.6%

BURNSIDE~ 11 $395,000 -8.8% $380,000 7.6% 39.7%

CALOUNDRA 4 N/A N/A $439,500 N/A 11.4%

CALOUNDRAWEST 19 $450,000 4.7% $422,500 0.6% 20.7%

COESCREEK 8 $401,250 N/A $380,000 N/A 31.0%

COOLUMBEACH 20 $500,000 -2.9% $485,000 -1.0% 21.3%

COOROY 6 N/A N/A $412,000 N/A 30.4%

CURRIMUNDI 30 $435,000 -1.1% $426,500 -1.6% 18.9%

DOONAN^~ 13 $714,000 15.2% $638,000 -2.6% 17.3%

FORESTGLEN^~ 6 $875,000 N/A N/A N/A N/A

GLASSHOUSEMOUNTAINS 9 $435,000 3.7% $435,000 6.1% 45.0%

GLASSHOUSEMOUNTAINS^~ 8 $432,500 -11.6% $450,000 6.6% 19.2%

GLENVIEW^~ 3 N/A N/A $568,500 -6.4% 32.2%

GOLDENBEACH 15 $445,000 -3.9% $453,750 3.1% 23.6%

KULUIN 10 $436,500 N/A $410,000 4.3% 28.1%

LAKEMACDONALD^~ - N/A N/A $442,500 -11.2% N/A

LANDSBOROUGH 12 $370,000 -6.3% $370,000 2.4% 31.2%

LANDSBOROUGH^ 2 N/A N/A $447,500 N/A 27.9%

LITTLEMOUNTAIN 38 $470,000 -0.6% $470,000 3.1% 27.4%

LITTLEMOUNTAIN^ 5 $575,000 N/A N/A N/A N/A

MALENY^ 8 $665,000 N/A $605,000 N/A 33.3%

MALENY~ 14 $447,250 -7.8% $461,000 9.8% 41.8%

MAPLETON 8 $468,000 N/A N/A N/A N/A

MARCOOLA~ 7 $400,000 -9.6% $435,000 -2.2% -2.8%

MAROOCHYRIVER^ 5 $532,500 N/A N/A N/A N/A

MAROOCHYDORE 32 $498,750 9.6% $458,250 6.2% 20.8%

MERIDANPLAINS~ 13 $450,000 6.0% $437,500 -7.9% 9.7%

MINYAMA~f 9 $755,000 N/A $974,000 18.0% -7.2%

MOFFATBEACH~f 10 $572,000 N/A $520,000 -12.6% 15.4%

MOOLOOLABA~f 12 $590,000 -18.1% $590,000 15.7% 10.4%

MOOLOOLAHVALLEY 5 N/A N/A $402,000 3.3% 33.3%

MOOLOOLAHVALLEY^~ 10 $464,000 -0.5% $481,250 -15.6% 25.0%

MOUNTCOOLUM~ 11 $455,000 -3.2% $460,000 -3.2% 23.1%

MOUNTAINCREEK 28 $491,500 -4.6% $490,000 4.3% 21.0%

MUDJIMBA 8 $556,000 N/A $552,000 N/A 26.9%

NAMBOUR~ 41 $355,000 -7.3% $350,000 4.5% 37.5%

NOOSAHEADS 19 $670,000 9.8% $665,000 0.8% 14.7%

NOOSAVILLE~ 18 $937,500 29.3% $798,750 12.5% 14.5%

PACIFICPARADISE 9 $389,000 -5.1% $372,000 0.5% 28.3%

PALMWOODS^~g 5 $640,000 N/A $685,000 5.7% 65.1%

PALMWOODS~ 15 $470,000 11.9% $429,500 -3.5% 18.6%

PARREARRA~ 25 $549,950 15.8% $529,750 3.9% 9.2%

PELICANWATERS 39 $662,000 10.3% $619,500 5.0% 20.9%

PEREGIANBEACH~f 9 $630,000 12.5% $567,500 -9.2% -6.6%

PEREGIANSPRINGS~ 24 $517,500 7.1% $518,750 -3.0% -2.1%

POMONA^ 4 N/A N/A $510,000 2.0% 44.5%

SIPPYDOWNS 43 $449,000 0.9% $435,000 2.4% 28.1%

SUNRISEBEACH 6 N/A N/A $611,250 3.2% 21.0%

SUNSHINEBEACHf 7 $1,650,000 N/A $1,100,000 N/A 24.6%

TEWANTIN 40 $459,500 6.9% $440,000 0.0% 20.5%

TWINWATERS~ 8 $739,000 22.1% $658,000 5.3% 24.2%

WARANA 15 $486,500 0.3% $482,450 0.5% 22.3%

WITTA^~ 3 N/A N/A $485,000 -7.6% 29.3%

WOOMBYE~ 8 $450,000 25.5% $390,500 -2.0% 28.0%

WURTULLA~f* 27 $490,000 2.1% $465,000 17.0% 25.7%

YANDINA 9 $365,000 N/A $370,000 N/A N/A

YAROOMBA~* 9 $500,000 N/A $505,000 12.2% 11.7%

SUNSHINE COAST (LGA) 553 $365,000 -3.9% $365,000 5.8% 10.6%

ALEXANDRAHEADLAND~ 26 $347,500 9.3% $330,000 3.9% 12.9%

BATTERYHILL 4 N/A N/A $271,000 10.5% 26.0%

BUDDINA 9 $360,000 N/A $375,000 N/A 16.9%

BUDERIM* 26 $395,300 15.2% $370,000 7.7% 29.8%

CALOUNDRA*f 48 $376,000 -16.8% $385,000 1.3% -1.2%

CALOUNDRAWEST~ 5 N/A N/A $319,000 10.2% 37.6%

COOLUMBEACH~ 27 $370,000 -2.6% $350,000 -1.7% -2.8%

CURRIMUNDI~ 5 N/A N/A $359,950 4.3% N/A

GOLDENBEACH~f 26 $360,000 -28.4% $360,000 0.3% 12.5%

KINGSBEACH~f 22 $410,000 -11.8% $420,000 1.2% 25.4%

MARCOOLA~* 20 $425,000 1.2% $395,000 31.1% 11.3%

MAROOCHYDORE 82 $354,500 -3.4% $365,000 6.7% 12.3%

MINYAMA 5 N/A N/A $300,000 0.8% 13.2%

MOOLOOLABA 44 $390,000 6.0% $368,000 5.7% 3.7%

MOUNTCOOLUM 6 N/A N/A $326,500 2.0% -0.3%

MOUNTAINCREEK 3 N/A N/A $315,000 N/A 32.6%

MUDJIMBA* 5 N/A N/A $367,000 -18.4% -9.8%

NAMBOUR* 15 $310,000 8.7% $267,500 7.0% 58.3%

NOOSAHEADS~* 38 $507,500 -18.1% $570,000 -0.9% -13.6%

NOOSAVILLE~* 38 $380,500 -4.9% $382,000 7.6% 19.7%

PARREARRA 6 N/A N/A $430,000 1.2% 23.7%

PELICANWATERS 6 N/A N/A $465,000 N/A 2.2%

PEREGIANBEACH 3 N/A N/A $452,500 6.0% 5.2%

PEREGIANSPRINGS-* 4 N/A N/A $422,900 N/A N/A

SIPPYDOWNS 9 $205,000 3.0% $200,000 0.0% -8.0%

SUNRISEBEACHf 7 $301,000 -18.0% $367,150 14.7% 2.0%

SUNSHINEBEACH~f 8 $486,250 -8.9% $515,000 -23.4% 3.0%

TEWANTIN~ 6 N/A N/A $300,000 -5.5% 31.0%

TWINWATERS*f 4 N/A N/A $529,000 N/A -17.0%

WARANA 11 $338,000 N/A $335,750 9.7% 28.5%

SUNSHINE COAST (LGA) 196 $262,475 2.9% $246,000 4.7% 9.3%

SUNSHINE COAST (LGA) ^ ~ 34 $359,500 4.2% $330,000 -5.7% 17.9%

AROONA* 5 $250,000 N/A N/A N/A N/A

BEERWAH* 13 $199,000 4.7% $189,000 -1.6% 57.5%

BLIBLI 2 N/A N/A $242,500 N/A 23.1%

BUDERIM~ 6 $209,500 -10.5% $257,500 3.0% 1.4%

BURNSIDE 4 N/A N/A $184,750 6.8% 30.1%

CALOUNDRAWEST* 1 N/A N/A $248,000 7.8% 48.5%

COOLUMBEACH~ 3 N/A N/A $282,500 N/A 22.8%

COOROY 6 $255,000 N/A $220,500 N/A N/A

DOONAN^ 6 $437,500 N/A N/A N/A N/A

EUMUNDI* 4 N/A N/A $232,000 N/A N/A

GLASSHOUSEMOUNTAINS 6 $266,000 N/A $200,000 N/A 29.0%

KULUIN 1 N/A N/A $230,500 N/A N/A

LITTLEMOUNTAIN 11 $255,000 2.0% $252,500 0.0% 32.2%

MALENY~* 10 $225,000 N/A $219,900 -4.1% 12.8%



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RENTAL MARKETSuburbs/Localities

MarQtr2010NewBonds

MarQtr2009Rent($)

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Rent($)Po

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3 BEDROOM TOWNHOUSES

VACANT URBAN LAND continued


MEDIAN SALES DATA


MERIDANPLAINS* 8 $239,450 N/A $217,000 -16.5% N/A

MOUNTCOOLUM* 2 N/A N/A $345,000 -1.4% 3.0%

MOUNTAINCREEK* 7 $241,000 N/A $234,000 3.5% 1.7%

NAMBOUR 1 N/A N/A $192,250 5.6% N/A

NOOSAVILLE~*f 6 $293,000 -10.5% $302,500 N/A N/A

PELICANWATERS*f 23 $325,000 -4.4% $320,000 -5.9% -12.3%

PEREGIANSPRINGS+* 33 $264,950 0.0% $270,000 -1.8% -1.8%

SIPPYDOWNS~* 5 $228,000 0.7% $225,000 -0.7% 32.7%

TEWANTIN 5 $348,000 N/A N/A N/A N/A

WOOMBYE 13 $225,000 -1.1% $227,500 5.8% 35.0%

3 BEDROOM HOUSES

Suburbs/Localities

MarQtr2010NewBonds

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MEDIAN WEEKLY RENTS

SUNSHINE COAST REGIONAL COUNCIL AREA 360 992 360 1,115

Caloundra (coastal region) 370 265 360 292

4551 Currimundi/GoldenBeach/MoffatBeach/etc. 360 155 360 181

4575 Bokarina/Minyama/Parrearra/Wurtulla/etc. 380 110 365 111

Caloundra (inland region) 320 99 320 99

4518 GlassHouseMountains 320 15 350 7

4519 Beerwah/CoochinCreek/Peachester/etc. 315 17 300 26

4550 Landsborough/MtMellum 320 17 330 12

4552 Conondale/Maleny/Reesville/Witta/etc. 330 37 300 32

4553 Glenview/MooloolahValley/Palmview/etc. 310 11 320 22

Maroochy (coastal region) 360 439 360 487

4555 Chevallum/Hunchy/Palmwoods 350 17 345 18

4556 Buderim/ForestGlen/SippyDowns/Tanawha/etc. 380 90 380 128

4557 Mooloolaba/MountainCreek 380 54 360 44

4558 Kuluin/Maroochydore 360 38 350 58

4559 Diddillibah/KielsMountain/Woombye/etc. 350 15 350 11

4560 BliBli/Burnside/Montville/Nambour/etc. 340 81 335 99

4564 Marcoola/Mudjimba/PacificParadise/etc. 355 39 350 32

4572 AlexandraHeadland 420 8 400 6

4573 CoolumBeach/PeregianSprings/Yaroomba/etc. 375 97 370 91

Maroochy (inland region) 350 43 365 37

4554 Eudlo/Ilkley 350 5 375 5

4561 Ninderry/NorthArm/Yandina/YandinaCreek/etc. 330 20 350 14

4562 BelliPark/Doonan/EerwahVale/Eumundi/etc. 385 15 400 15

Noosa (coastal region) 380 114 380 156

4565 BoreenPoint/Cootharaba/Tewantin/etc. 370 56 360 75

4566 Noosaville 380 13 395 28

4567 NoosaHeads/SunriseBch/SunshineBch/etc. 410 45 405 53

Noosa (inland region) 320 32 310 44

4563 BlackMountain/Cooroy/LakeMacdonald/etc. 320 15 340 23

4568 Federal/Pinbarren/Pomona 340 10 300 11

4569 Cooran 320 5 300 8

SUNSHINE COAST REGIONAL COUNCIL AREA 300 1,007 295 930


4551 Currimundi/GoldenBeach/MoffatBeach/etc. 295 162 285 152

4575 Bokarina/Minyama/Parrearra/Wurtulla/etc. 360 53 365 37

Caloundra (inland region) 250 9 250 6


4556 Buderim/ForestGlen/SippyDowns/Tanawha/etc. 290 40 255 34

4557 Mooloolaba/MountainCreek 290 114 290 111

4558 Kuluin/Maroochydore 310 199 310 196

4559 Diddillibah/KielsMountain/Woombye/etc. 260 17 250 11

4560 BliBli/Burnside/Montville/Nambour/etc. 245 56 230 50

4564 Marcoola/Mudjimba/PacificParadise/etc. 320 73 325 63

4572 AlexandraHeadland 340 78 320 60

4573 CoolumBeach/PeregianSprings/Yaroomba/etc. 290 73 280 74

Maroochy (inland region) 190 8 260 10

4561 Ninderry/NorthArm/Yandina/YandinaCreek/etc. 230 6 260 9


4565 BoreenPoint/Cootharaba/Tewantin/etc. 270 11 260 10

4566 Noosaville 300 44 290 44

4567 NoosaHeads/SunriseBch/SunshineBch/etc. 310 64 310 69

Noosa (inland region) n.a. 4 n.a. 3

SUNSHINE COAST REGIONAL COUNCIL AREA 350 147 350 89




Median house and unit prices The Fraser Coast’s residential property market has been steady throughout the year ending March 2010.

The region’s property market has not seen a substantial change in its median house price, only recording a 0.8 per cent increase to $317,000 over the March quarter and remaining the same over the year.

As with other regions across the State, potential buyers are being cautious about committing large amounts of money to property with uncertainty surrounding further interest rate hikes and the economy.

fRASER COAST REGIONALEvident by the increased number of house sales over the quarter, REIQ agents are reporting increased supply on the market. Fraser Coast also recorded a healthy 12.7 per cent increase in sales numbers for the year ending March 2010.

Agents across the region have been reporting lower numbers of first home buyers since the start of this year. It’s hoped the new government incentive of $4,000 for first-timers building a house in a regional area will boost sales numbers from this segment of the market.

Craignish, Granville and Tinana all experienced positive growth for the quarter, increasing 16.4 per cent, 12.2 per cent and 11.2 per cent, respectively. However, all medians were partially affected by the varying quality of stock sold.



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fRASER COAST REGIONAL

HOUSES



HOUSES continued

99

3




44444444 225463 225463 225463 225463



<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+






18 7518 75


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FRASER COAST (LGA) 328 $317,000 0.8% $305,500 0.8% 25.7%

FRASER COAST (LGA) ^ 49 $370,000 5.1% $369,000 -0.3% 35.7%

BOORAL^ 6 $412,000 N/A N/A N/A N/A

BURRUMHEADS 4 N/A N/A $407,500 5.8% N/A

CRAIGNISH~ 7 $410,000 16.4% $397,500 5.3% 38.5%

ELIWATERS 19 $334,795 -2.4% $333,898 1.5% 26.7%

GLENWOOD^~ 4 N/A N/A $227,000 0.9% 62.1%

GRANVILLE~ 8 $252,500 12.2% $230,000 -9.1% 25.3%

HOWARD 8 $262,000 N/A $235,000 9.3% 42.4%

KAWUNGAN 12 $343,500 2.5% $328,250 1.8% 5.9%

MARYBOROUGH~ 53 $230,000 -6.1% $232,500 -3.1% 37.6%

PIALBA 4 N/A N/A $290,000 5.1% 15.1%

POINTVERNON 30 $320,000 -4.8% $315,000 1.6% 23.4%

SCARNESS~ 19 $325,000 -4.4% $311,000 11.6% 24.4%

SUNSHINEACRES^ 5 $456,000 N/A N/A N/A N/A

TINANA 14 $325,000 5.7% $310,000 3.3% 35.1%

TINANA^ 6 $453,500 11.2% $420,000 6.3% 40.0%

TOOGOOM~ 8 $322,500 -6.5% $317,250 -3.9% 0.2%

TORQUAY~ 27 $317,000 5.7% $317,000 -9.4% 15.3%

URANGAN~ 43 $322,500 1.4% $317,775 -0.7% 15.6%

URRAWEEN~ 40 $338,950 -7.8% $350,000 0.0% 27.3%

WONDUNNA 6 N/A N/A $465,000 4.5% N/A

FRASER COAST (LGA) * f 40 $287,250 2.1% $284,750 -0.8% 9.9%

PIALBA* 5 N/A N/A $318,600 18.0% 48.2%

SCARNESSf 3 N/A N/A $270,000 -3.6% -6.9%

TORQUAYf 11 $290,000 N/A $250,000 -10.3% 13.6%

URANGAN* 14 $288,750 -17.5% $322,000 -8.0% 5.6%

The median unit and townhouse price on the Fraser Coast increased 2.1 per cent over the March quarter to $287,250.

There is an oversupply of units in Hervey Bay with developers trying to offload surplus stock. Properties at the Peppers Pier Resort went to auction without a successful outcome which resulted in them being sold afterwards at heavily reduced prices.

The Fraser Coast unit and townhouse market is being driven by investors with the majority of interest coming from outside of Hervey Bay.

Median land prices The median price of vacant urban land on the Fraser Coast decreased 7 per cent over the March quarter to $153,000, although the number of land sales increased compared to the previous quarter.

Plenty of vacant urban land remains in the region with the new government first home incentive tipped to move some of the vacant stock along.

Rental market The median rent for a two-bedroom unit in the Fraser Coast LGA remained unchanged at $210 per week, and was up $5 per week to $170 in Maryborough over the same period. The median rent for a three-bedroom house also remained unchanged at $250 per week.

Results from the REIQ’s recent residential rental survey showed a vacancy rate of 6.3 per cent for the Fraser Coast residential market. Although a relatively high vacancy rate compared to other parts of regional Queensland, this rate is tighter than reported for the last two surveys. The Fraser Coast rental market continues to have excess supply following the release of new residential unit developments in recent years.

UNITS & TOWNHOUSES


MARKETMONITORQ

UE

EN

SLA

ND

fRASER COAST REGIONAL

BUNDABERG REGIONAL


99

3




44444444 225463 225463 225463 225463



<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+






18 7518 75


33 5233 52




59 51

469 351MAR 10 144 190 52MAR 1058 91 26MAR 10

44 36

409 298DEC 09 164 184 66DEC 0980 67 21DEC 09

111 29

457 240MAR 09 202 187 45MAR 0953 86 4MAR 09

251

254

147

1273

1358

1045

927

1409

1557

44

136

157

MAR 09

SEP 09

MAR 10


1534

935

993

1511

1278

1373

344

490

541

9

20

18

MAR 09

DEC 09

MAR 10


<$350,000 <$500,000 <$1m $1m+


48

33

18

681

483

531

344

511

531

44

52

75

MAR 09

DEC 09

MAR 10


111

44

59

457

409

469

240

298

351

29

36

51

MAR 09

DEC 09

MAR 10


256

180

210

51

61

71

3

13

16

MAR 09

DEC 09

MAR 10


202

164

144

187

184

190

45

66

52

MAR 09

DEC 09

MAR 10


251

198

221

59

92

93

10

20

14

MAR 09

DEC 09

MAR 10


53

80

58

86

67

91

4

21

26

MAR 09

DEC 09

MAR 10


248

190

195

249

255

263

32

97

60

MAR 09

DEC 09

MAR 10


87

86

74

164

167

211

34

66

56

MAR 09

DEC 09

MAR 10


225

159

202

88

96

89

25

32

36

MAR 09

DEC 09

MAR 10


463

352

334

116

116

116

20

47

39

MAR 09

DEC 09

MAR 10


8 3

4

8

2

1

3

1

5

7

6

7

8 3

4

8

2

1

2

2

1

3

1

5

7

6

7

8 3

4

8

2

1


57575757














50 186 169 30118MAR 10 149 112 19MAR 1010 27 3MAR 10

55 169 157 26124DEC 09 132 126 42DEC 095 14 6DEC 09

66 197 151 1573MAR 09 45 84 17MAR 098 10 1MAR 09

71

76

57

514

521

310

660

944

774

169

336

300

19

51

36

MAR 09

SEP 09

MAR 10


163

119

118

277

242

289

69

140

123

21

60

68

MAR 09

SEP 09

DEC 09



172

112

125

566

476

510

404

427

509

68

89

103

244

313

347

MAR 09

DEC 09

MAR 10


66

55

50

197

169

186

151

157

169

15

26

30

73

124

118

MAR 09

DEC 09

MAR 10


33

15

19

20

21

28

2

2

1

MAR 09

DEC 09

MAR 10


45

132

149

84

126

112

17

42

19

MAR 09

DEC 09

MAR 10


22

17

13

31

34

22

3

1

5

MAR 09

DEC 09

MAR 10


8

5

10

10

14

27

1

6

3

MAR 09

DEC 09

MAR 10


45

23

29

84

76

107

17

19

18

MAR 09

DEC 09

MAR 10


18

21

16

29

27

41

7

6

7

MAR 09

DEC 09

MAR 10


8

30

12

15

22

41

3

4

8

MAR 09

DEC 09

MAR 10


70

44

53

36

26

35

2

1

MAR 09

DEC 09

MAR 10


Median house and unit prices Bundaberg experienced a 2 per cent drop in its median house price over the March quarter to $289,000, however it still maintained 2.9 per cent growth for the year ending March 2010.

Although, still Queensland’s most affordable regional centre to live in, there has been a general slowdown amongst increasingly cautious buyers; as well as a distinct scarcity of first home buyers.

Agents in the area are reporting while usually Bundaberg is shielded by the economy because of its affordability, properties that should be selling quickly, aren’t at present. Similarly, not a lot of new homes are being constructed, as the cost for building is fairly high and it’s generally cheaper, and more affordable to buy an established home.

Positive feedback from the data suggests 43 more preliminary house sales this quarter in Bundaberg than the previous three-month period – an impressive 10.6 per cent increase.

However, the varying quality of stock sold distorted the data somewhat; with Kepnock, Branyan and Bargara amongst only a bundle of suburbs which experienced any degree of growth during the quarter.

The unit and townhouse market also took a blow with a 4.8 per cent decrease to its median price. The median unit price now is $257,000 for the March quarter, while still upholding a healthy increase, year to date, up 9.5 per cent.

During the quarter, most of the unit and townhouse sales activity came from Bargara with a 1.1 per cent increase in its median. However, some new and waterfront stock may have varied this median.

REIQ agents have reported the unit and townhouse market has experienced a decline in enquiry and only a minimal amount of investor activity as there is already an oversupply of stock to clear.

VACANT URBAN LAND 3 BEDROOM HOUSES

Suburbs/Localities

MarQtr2010NewBonds

MarQtr2009Rent($)

NewBonds

Rent($)Po

stcode


MEDIAN SALES DATA

FRASER COAST (LGA) ~ 78 $153,000 -7.0% $150,000 0.0% 25.0%

FRASER COAST (LGA) ^ * ~ 43 $110,000 -9.1% $123,000 21.2% 173.3%

BURRUMHEADS~ 4 N/A N/A $149,000 -3.9% 24.2%

CRAIGNISH 8 $232,500 N/A $175,000 -0.6% 48.3%

DUNDOWRANBEACHf 2 N/A N/A $229,500 N/A 35.0%

GLENWOOD^* 19 $75,000 -11.5% $80,000 0.0% 128.6%

OAKHURST^ 5 $134,000 N/A $134,000 14.0% 41.1%

RIVERHEADS 10 $150,000 N/A $150,000 3.4% 18.6%

TINANA 2 N/A N/A $125,950 -0.4% 41.5%

TOOGOOM*f 11 $155,000 N/A $145,000 4.3% 0.0%

URRAWEEN* 6 $163,750 N/A $160,000 0.0% 33.3%

WONDUNNA 2 N/A N/A $162,500 8.3% 8.3%

FRASER COAST REGIONAL COUNCIL AREA 250 380 250 382

4650 Maryboroughregion 240 134 230 130

4655 HerveyBay/Pialba/Scarness/Urangan 260 227 260 232

4659 Burrum/BurrumHeads/Howard 230 16 220 19

FRASER COAST REGIONAL COUNCIL AREA 210 188 210 202

4650 Maryboroughregion 170 51 165 38

4655 HerveyBay/Pialba/Scarness/Urangan 220 135 220 162



MARKETMONITORQ

UE

EN

SLA

ND

BUNDABERG REGIONAL

3 BEDROOM HOUSES



MarQtr2010NewBonds

MarQtr2009Rent($)

NewBonds

Rent($)Po

stcode

UNITS & TOWNHOUSES

HOUSES VACANT URBAN LAND



1

2

6

2

1

6

5

1

1

7

3

8

1

2

2 9

1

3

1

2

6

2

1

6

5

1

1

4

7

5

1


7

3

8

1

2

2

4

5

1

9

1

3

1

2

6

2

1

6

5

1

1















50 186 169 118MAR 10 71 17 2MAR 1040 7 1MAR 10

55 169 157 124DEC 09 90 18 6DEC 0963 2 1DEC 09

66 197 151 73MAR 09 73 3 2MAR 0921 2MAR 09

60

98

30

80

172

70

28

55

61

10

19

14

MAR 09

SEP 09

MAR 10


163

119

118

277

242

289

69

140

123

21

60

68

MAR 09

SEP 09

DEC 09



172

112

125

566

476

510

404

427

509

244

313

347

MAR 09

DEC 09

MAR 10


66

55

50

197

169

186

151

157

169

73

124

118

MAR 09

DEC 09

MAR 10


45

56

66

4

7

5

1

MAR 09

DEC 09

MAR 10


73

90

71

3

18

17

2

6

2

MAR 09

DEC 09

MAR 10


76

49

68

7

3

8

1

2

2

MAR 09

DEC 09

MAR 10


21

63

40

2

2

7

1

1

MAR 09

DEC 09

MAR 10


86

94

79

4

21

16

5

1

MAR 09

DEC 09

MAR 10


70

104

94

10

12

9

1

3

MAR 09

DEC 09

MAR 10


87

64

72

1

2

6

2

1

MAR 09

DEC 09

MAR 10


84

94

84

6

5

1

1

MAR 09

DEC 09

MAR 10


BUNDABERG (LGA) 297 $289,000 -2.0% $283,000 2.9% 41.5%

BUNDABERG (LGA) ^ 68 $340,000 -4.2% $335,000 8.1% 53.5%

CORALCOVE~ 8 $438,000 N/A N/A N/A N/A

AVENELLHEIGHTS 25 $275,000 -3.5% $280,000 0.4% 38.6%

AVOCA 14 $339,250 4.8% $320,000 1.6% 38.2%

BARGARA~ 25 $415,000 7.8% $366,000 -2.4% 26.2%

BRANYAN^~ 10 $335,500 12.0% $344,500 3.6% 47.2%

BUCCA^ 3 N/A N/A $312,500 N/A 38.9%

BUNDABERGEAST~ 13 $262,000 2.6% $272,000 -3.9% 45.5%

BUNDABERGNORTH 22 $254,000 0.0% $250,000 2.0% 47.1%

BUNDABERGSOUTH~ 10 $241,750 -8.8% $249,750 0.2% 46.9%

BUNDABERGWEST 12 $272,500 N/A $255,000 1.0% 34.2%

BURNETTHEADS 10 $277,500 -3.6% $268,000 1.1% 26.3%

ELLIOTTHEADS 6 N/A N/A $341,250 N/A 24.1%

INNESPARK~ 6 N/A N/A $365,000 15.7% 29.7%

KALKIE~ 12 $383,000 3.8% $360,000 -3.5% 60.0%

KEPNOCK~ 20 $283,500 12.6% $277,250 2.7% 42.0%

MILLBANK~ 12 $241,750 -0.5% $244,000 -0.4% 40.2%

MOOREPARKBEACH~ 10 $290,000 N/A $288,500 N/A 4.2%

NORVILLE 12 $249,500 N/A $245,000 1.0% 42.4%

SHARON^ 7 $380,500 N/A N/A N/A N/A

SVENSSONHEIGHTS 14 $260,000 -3.3% $260,250 4.1% 48.7%

THABEBAN~ 7 $285,000 -7.5% $270,000 0.0% 42.1%

WALKERVALE~ 17 $227,000 -7.5% $239,500 7.9% 48.3%

WOODGATEf 5 N/A N/A $425,000 N/A 11.1%

BUNDABERG (LGA) ~ 48 $257,000 -4.8% $270,000 9.5% 28.6%

AVENELLHEIGHTS*~ 5 N/A N/A $244,750 -3.1% N/A

BARGARA 18 $323,500 1.1% $330,000 1.5% 8.2%

BUNDABERGNORTH 7 $210,000 N/A $249,000 3.8% 21.5%

BUNDABERGSOUTH* 3 N/A N/A $203,000 -2.4% N/A

BUNDABERGWEST 3 N/A N/A $247,500 2.1% N/A

BUNDABERG (LGA) 71 $141,000 4.4% $135,000 -4.3% 25.0%

BUNDABERG (LGA) ^ 43 $159,000 11.6% $145,000 11.5% 141.7%

ASHFIELD 6 $139,000 8.2% $127,500 N/A N/A

BARGARA~f 16 $157,250 -42.3% $165,000 -7.3% 32.0%

CORALCOVE 7 $148,000 N/A N/A N/A N/A

INNESPARK 5 $148,000 6.1% $145,000 1.6% 28.3%

KALKIE~* 6 $133,975 N/A $124,950 -21.4% 33.6%

MOOREPARKBEACH 4 N/A N/A $132,000 N/A N/A

MOOREPARKBEACH^ 5 $185,000 N/A N/A N/A N/A

SOUTHISIS^* 5 $140,000 N/A N/A N/A N/A

WOODGATE~* 5 $260,000 30.0% $147,500 1.7% -23.6%

Median land prices The median price of vacant urban land in Bundaberg increased 4.4 per cent to $141,000 during the March quarter. The rise in median is perhaps due to the prestige subdivision at Edenbrook which is conveniently located close to schools and shopping centres.

During the quarter, Woodgate posted a solid gain to its median sale price at 30 per cent to $260,000 which can be attributed to the development at the northern end of Woodgate Beach, between The Esplanade and Cypress Street.

Rental market The median rent for a three-bedroom house increased by $10 per week to $250 since this time last year; the median rent for a two-bedroom unit increased by $10 per week to $200. The postcode of 4671 (Gin Gin and Mount Perry) recorded a staggering $30 per week increase to $230.

In September last year, Bundaberg agents reported a tight vacancy rate of 2.1 per cent. At the end of March this year

BUNDABERG REGIONAL COUNCIL AREA 260 354 250 420

4660 AppleTreeCreek/Childers/Woodgate 240 22 240 39

4670 Bundaberg/Avoca/Bargara/BurnettHeads/etc. 260 310 250 366

4671 GinGin/MountPerry 230 21 200 15

BUNDABERG REGIONAL COUNCIL AREA 200 162 190 160

4670 Bundaberg/Avoca/Bargara/BurnettHeads/etc. 200 160 190 158

however demand had reduced somewhat, seeing vacancy rates ease to 3.1 per cent. Agents are reporting little to no change in investor activity in the region and that rental listings are again attracting between two to five applicants.

With a steady inflow of residents attracted to the area for its lifestyle and relative affordability, the Bundaberg rental market will continue to prove an attractive investment option.


MARKETMONITORQ

UE

EN

SLA

ND

GLADSTONE REGIONAL

99

3




44444444 225463 225463 225463 225463



<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+






18 7518 75


33 5233 52




59 51

469 351MAR 10 144 190 52MAR 1058 91 26MAR 10

44 36

409 298DEC 09 164 184 66DEC 0980 67 21DEC 09

111 29

457 240MAR 09 202 187 45MAR 0953 86 4MAR 09

251

254

147

1273

1358

1045

927

1409

1557

44

136

157

MAR 09

SEP 09

MAR 10


1534

935

993

1511

1278

1373

344

490

541

9

20

18

MAR 09

DEC 09

MAR 10


<$350,000 <$500,000 <$1m $1m+


48

33

18

681

483

531

344

511

531

44

52

75

MAR 09

DEC 09

MAR 10


111

44

59

457

409

469

240

298

351

29

36

51

MAR 09

DEC 09

MAR 10


256

180

210

51

61

71

3

13

16

MAR 09

DEC 09

MAR 10


202

164

144

187

184

190

45

66

52

MAR 09

DEC 09

MAR 10


251

198

221

59

92

93

10

20

14

MAR 09

DEC 09

MAR 10


53

80

58

86

67

91

4

21

26

MAR 09

DEC 09

MAR 10


248

190

195

249

255

263

32

97

60

MAR 09

DEC 09

MAR 10


87

86

74

164

167

211

34

66

56

MAR 09

DEC 09

MAR 10


225

159

202

88

96

89

25

32

36

MAR 09

DEC 09

MAR 10


463

352

334

116

116

116

20

47

39

MAR 09

DEC 09

MAR 10


8 3

4

8

2

1

3

1

5

7

6

7

8 3

4

8

2

1

2

2

1

3

1

5

7

6

7

8 3

4

8

2

1


57575757














50 186 169 30118MAR 10 149 112 19MAR 1010 27 3MAR 10

55 169 157 26124DEC 09 132 126 42DEC 095 14 6DEC 09

66 197 151 1573MAR 09 45 84 17MAR 098 10 1MAR 09

71

76

57

514

521

310

660

944

774

169

336

300

19

51

36

MAR 09

SEP 09

MAR 10


163

119

118

277

242

289

69

140

123

21

60

68

MAR 09

SEP 09

DEC 09



172

112

125

566

476

510

404

427

509

68

89

103

244

313

347

MAR 09

DEC 09

MAR 10


66

55

50

197

169

186

151

157

169

15

26

30

73

124

118

MAR 09

DEC 09

MAR 10


33

15

19

20

21

28

2

2

1

MAR 09

DEC 09

MAR 10


45

132

149

84

126

112

17

42

19

MAR 09

DEC 09

MAR 10


22

17

13

31

34

22

3

1

5

MAR 09

DEC 09

MAR 10


8

5

10

10

14

27

1

6

3

MAR 09

DEC 09

MAR 10


45

23

29

84

76

107

17

19

18

MAR 09

DEC 09

MAR 10


18

21

16

29

27

41

7

6

7

MAR 09

DEC 09

MAR 10


8

30

12

15

22

41

3

4

8

MAR 09

DEC 09

MAR 10


70

44

53

36

26

35

2

1

MAR 09

DEC 09

MAR 10


1

2

6

2

1

6

5

1

1

7

3

8

1

2

2 9

1

3

1

2

6

2

1

6

5

1

1

4

7

5

1


7

3

8

1

2

2

4

5

1

9

1

3

1

2

6

2

1

6

5

1

1















50 186 169 118MAR 10 71 17 2MAR 1040 7 1MAR 10

55 169 157 124DEC 09 90 18 6DEC 0963 2 1DEC 09

66 197 151 73MAR 09 73 3 2MAR 0921 2MAR 09

60

98

30

80

172

70

28

55

61

10

19

14

MAR 09

SEP 09

MAR 10


163

119

118

277

242

289

69

140

123

21

60

68

MAR 09

SEP 09

DEC 09



172

112

125

566

476

510

404

427

509

244

313

347

MAR 09

DEC 09

MAR 10


66

55

50

197

169

186

151

157

169

73

124

118

MAR 09

DEC 09

MAR 10


45

56

66

4

7

5

1

MAR 09

DEC 09

MAR 10


73

90

71

3

18

17

2

6

2

MAR 09

DEC 09

MAR 10


76

49

68

7

3

8

1

2

2

MAR 09

DEC 09

MAR 10


21

63

40

2

2

7

1

1

MAR 09

DEC 09

MAR 10


86

94

79

4

21

16

5

1

MAR 09

DEC 09

MAR 10


70

104

94

10

12

9

1

3

MAR 09

DEC 09

MAR 10


87

64

72

1

2

6

2

1

MAR 09

DEC 09

MAR 10


84

94

84

6

5

1

1

MAR 09

DEC 09

MAR 10


Median house and unit prices Over the March quarter, the best performing major region was Gladstone with a 7.9 per cent median house price increase to $383,000. Earlier this year, the region was abuzz with possibility due to the increased infrastructure spend earmarked for this resource-rich area.

Billions of dollars of projects from proposed LNG plants, smelter expansions and upgrades, a new railway and steel plant as well as the $65 million airport expansion and upgrade are either under way or under study for the region. Since that time, however, higher interest rates and the proposed mining tax has impacted the area with sales activity lower over recent weeks.

Enquiry is still occurring, but there is more hesitation from prospective buyers due to the uncertainty surrounding the resources tax. Mature investors are making the most of the quieter marked conditions to increase their portfolios while the newer investor is acting with a little more nervousness.

Overall, however, the growth possibilities associated with the development of the LNG industry in Gladstone have far outweighed the impact of minor interest rate adjustments.

The median Gladstone unit and townhouse price fluctuated over the March quarter, recording a 15.63 per cent price fall to $299,500. This anomaly can be attributed to the varying quality of stock sold over the quarter. Interest in the burgeoning unit and townhouse market is better reflected in the result over the year ending March which was an increase of 12.7 per cent.

Central Gladstone is currently witnessing its first prestige waterfront development. Aspex, which overlooks Gladstone marina, is priced from $750,000 and heralds a new type of luxury unit dwelling for the region.

Median land prices The median price of vacant urban land fell 7.3 per cent over the March quarter to $175,000 and was up 0.6 per cent over the year.

Affordable blocks of land, priced under $150,000 are becoming increasingly rare in the region, however, a number of more affordable residential estates have been developed over the past year.

Good blocks in estates that were released during the March quarter were reportedly snapped up very quickly.

Rental market The median rent for a two-bedroom unit dropped $10 per week to $230 between March 2010 and March last year, while the median rent for a three-bedroom house also fell – down $20 per week to $280 over the same period.

Even with such results, Gladstone’s rental market has shown signs of improvement of late, largely underpinned by the relocation of residents to the area for employment opportunities in the resources sector. Although vacancy rates are currently above the standard 3 per cent, demand for rental properties in the region will ensure landlords rental returns improve in the near future.

REIQ agents have reported an increased activity of investors to the local area coupled with steady levels of tenant enquiry per rental listing.



MARKETMONITORQ

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EN

SLA

ND

GLADSTONE REGIONAL

ROCKHAMPTON REGIONAL

3 BEDROOM HOUSES



UNITS & TOWNHOUSES


MarQtr2010NewBonds

MarQtr2009Rent($)

NewBonds

Rent($)Po

stcode



99

3




44444444 225463 225463 225463 225463



<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+






18 7518 75


33 5233 52




59 51

469 351MAR 10 144 190 52MAR 1058 91 26MAR 10

44 36

409 298DEC 09 164 184 66DEC 0980 67 21DEC 09

111 29

457 240MAR 09 202 187 45MAR 0953 86 4MAR 09

251

254

147

1273

1358

1045

927

1409

1557

44

136

157

MAR 09

SEP 09

MAR 10


1534

935

993

1511

1278

1373

344

490

541

9

20

18

MAR 09

DEC 09

MAR 10


<$350,000 <$500,000 <$1m $1m+


48

33

18

681

483

531

344

511

531

44

52

75

MAR 09

DEC 09

MAR 10


111

44

59

457

409

469

240

298

351

29

36

51

MAR 09

DEC 09

MAR 10


256

180

210

51

61

71

3

13

16

MAR 09

DEC 09

MAR 10


202

164

144

187

184

190

45

66

52

MAR 09

DEC 09

MAR 10


251

198

221

59

92

93

10

20

14

MAR 09

DEC 09

MAR 10


53

80

58

86

67

91

4

21

26

MAR 09

DEC 09

MAR 10


248

190

195

249

255

263

32

97

60

MAR 09

DEC 09

MAR 10


87

86

74

164

167

211

34

66

56

MAR 09

DEC 09

MAR 10


225

159

202

88

96

89

25

32

36

MAR 09

DEC 09

MAR 10


463

352

334

116

116

116

20

47

39

MAR 09

DEC 09

MAR 10


GLADSTONE (LGA) 175 $383,000 7.9% $366,000 -3.7% 70.2%

GLADSTONE (LGA) ^ ~ 30 $447,500 27.9% $442,500 7.9% 64.5%

AGNESWATER^~f 7 $460,000 N/A $395,000 N/A 46.3%

BOYNEISLAND~ 14 $393,500 -4.8% $394,750 -3.7% 57.9%

CALLIOPE*~ 16 $394,500 16.9% $376,500 -2.6% 125.4%

CLINTON~ 31 $366,000 -8.7% $365,000 -4.5% 46.9%

GLENEDEN 14 $468,500 N/A $455,000 5.6% N/A

KINKORA 7 $390,000 9.9% $359,500 -4.1% N/A

NEWAUCKLAND~ 21 $360,000 -7.7% $385,000 -1.0% N/A

SOUTHGLADSTONE~ 4 N/A N/A $331,100 -5.4% N/A

TANNUMSANDS~ 12 $454,000 -12.5% $469,000 4.2% 59.0%

TELINA~ 9 $410,000 18.8% $386,000 -1.7% N/A

WESTGLADSTONE~ 21 $358,000 10.8% $322,750 -4.3% N/A

GLADSTONE (LGA) * f 40 $299,500 -15.6% $318,250 12.7% 87.2%

AGNESWATER-*f 7 $293,000 N/A $365,000 N/A -5.2%

GLADSTONECITY 7 $282,000 N/A N/A N/A N/A

SOUTHGLADSTONE* 4 N/A N/A $241,000 -10.1% N/A

GLADSTONE (LGA) * 48 $175,000 -7.3% $180,000 0.6% 89.5%

GLADSTONE (LGA) ^ ~ 28 $187,500 -1.3% $195,000 -2.5% 77.3%

AGNESWATER*f 8 $307,500 57.7% $232,500 N/A N/A

AGNESWATER^~ 6 $187,500 -6.3% $195,000 -2.5% 34.7%

BOYNEISLAND*f 4 N/A N/A $210,000 N/A 97.2%

CALLIOPE* 8 $148,750 -5.3% $143,500 -2.9% N/A

GLENEDEN 4 N/A N/A $180,000 N/A N/A

KIRKWOOD* 8 $180,500 -2.4% $178,000 -1.1% N/A

GLADSTONE REGIONAL COUNCIL AREA 280 238 300 219

4677 AgnesWater/MiriamVale 280 23 275 16

4680 Gladstone/BoyneIsland/Clinton/KinKora/etc. 285 206 310 198

GLADSTONE REGIONAL COUNCIL AREA 230 197 240 154

4680 Gladstone/BoyneIsland/Clinton/KinKora/etc. 230 190 240 153

Median house and unit prices The four interest rate rises since October 2009 started to have an impact on the Rockhampton market during the March quarter with quieter conditions reported.

Agents describe slower activity overall, with first home buyers also retreating from the market during the first three months of the year following the cessation of the First Home Owners Boost in late 2009.

Rockhampton’s median house price decreased 2.4 per cent to $322,000 over the March quarter.

Since that time, the two interest rate increases in April and May have also adversely impacted the market, as has the continued debate over the Federal Government’s mining tax.

Agents are seeing fewer enquiries from mining employees as the debate over the mining tax creates nervousness amongst the region’s high proportion of industry workers.

Slower market conditions mean there are ample opportunities for buyers at present. Investors are showing more interest, especially in duplexes, possibly due to the current stock market jitters.

Over the year ending March, solid performers included Allenstown and Park Avenue.

Allenstown’s median house price increased 8.7 per cent to $250,000. Allenstown is on the south side of Rockhampton, nestled at the foothills of one of the city’s most desirable suburbs, The Range. The area has been earmarked for future high density developments and is home to the Allenstown Plaza shopping centre.

Park Avenue’s median house price increased 6 per cent to $265,000 over the year, on the back of first home buyer demand for affordable property throughout last year.



MARKETMONITORQ

UE

EN

SLA

ND





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50 186 169 30118MAR 10 149 112 19MAR 1010 27 3MAR 10

55 169 157 26124DEC 09 132 126 42DEC 095 14 6DEC 09

66 197 151 1573MAR 09 45 84 17MAR 098 10 1MAR 09

71

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660

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774

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50 186 169 118MAR 10 71 17 2MAR 1040 7 1MAR 10

55 169 157 124DEC 09 90 18 6DEC 0963 2 1DEC 09

66 197 151 73MAR 09 73 3 2MAR 0921 2MAR 09

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66

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73

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MAR 09

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45

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66

4

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MAR 09

DEC 09

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73

90

71

3

18

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2

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MAR 09

DEC 09

MAR 10


76

49

68

7

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MAR 09

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MAR 10


21

63

40

2

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7

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MAR 09

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86

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MAR 09

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70

104

94

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Rockhampton’s unit and townhouse median price increased 18.26 per cent to $285,000 over the quarter. This fluctuation in price can be attributed to stagnant higher quality new stock being re-priced by developers to meet the market.

Rockhampton has experienced three new multi-storey waterfront unit and townhouse developments over recent years, however, demand for this type of stock has now diminished. Developers are now showing an interest in developments of between six and 12 units.

Median land prices Rockhampton’s market for vacant urban land continues to be steady with prices flat at $145,000 over the year ending March.

There remains an abundance of land available in the Rockhampton region. New residential sub-divisions are under way which is resulting in steady demand from buyers.

Unlike many other areas of the State, the affordable price of house and land packages in Rockhampton allows some first-time buyers to purchase this type of dwelling.

Rental market While Rockhampton’s residential market takes a breather, its rental market is performing well. Agents are reporting a rock solid market with vacancy rates at about 2 per cent.

Demand is expected to remain strong over the short-term as would-be home buyers wait for more certainty on interest rates and the proposed mining tax.

The median rent for a two-bedroom unit increased $5 per week to $225 between March 2009 and March 2010. The median rent for a three-bedroom house also increased, up $10 per week to $290 over the same period.

ROCKHAMPTON (LGA) 327 $322,000 -2.4% $313,000 1.3% 96.9%

ROCKHAMPTON (LGA) ^ ~ 41 $470,000 10.6% $440,000 3.2% 83.3%

ALLENSTOWN~ 12 $292,500 18.2% $250,000 8.7% 85.2%

BERSERKER 25 $245,000 3.2% $236,750 -1.6% 89.4%

EMUPARK~ 7 $331,250 -23.0% $335,000 -2.0% 42.6%

FRENCHVILLE 39 $335,000 -0.1% $327,250 0.7% 81.8%

GLENDALE^ 5 $470,000 N/A N/A N/A N/A

GLENLEE^ 6 $430,000 N/A N/A N/A N/A

GRACEMERE~ 30 $330,000 2.6% $317,500 -7.2% 100.9%

KAWANA 11 $300,000 N/A $300,000 2.6% 79.4%

KOONGAL 14 $275,000 2.8% $271,500 8.6% 93.9%

LAMMERMOOR+* 11 $443,500 -2.5% $456,500 N/A 49.7%

MOUNTMORGAN~ 10 $158,000 -6.0% $152,500 22.0% 150.0%

NORMANGARDENS~ 34 $420,000 0.0% $385,000 -1.6% 75.0%

PACIFICHEIGHTS 5 N/A N/A $470,000 N/A N/A

PARKAVENUE 16 $284,000 4.8% $265,000 6.0% 89.3%

ROCKHAMPTONCITY~ 9 $187,000 -21.6% $202,500 -3.6% 104.5%

TARANGANBA 6 N/A N/A $380,000 0.0% 52.0%

THERANGE~ 20 $385,750 -3.9% $370,000 9.1% 103.3%

WANDAL 16 $275,000 -0.9% $285,000 3.6% 91.4%

WESTROCKHAMPTON 10 $257,500 N/A $262,500 2.7% 97.7%

YEPPOON~ 14 $345,000 -2.8% $347,000 -3.6% 33.5%

ZILZIE~ 3 N/A N/A $388,000 -2.3% 30.6%

ROCKHAMPTON (LGA) * f 61 $285,000 18.3% $282,500 10.8% 82.3%

NORMANGARDENS* 9 $280,000 N/A $270,000 N/A 92.9%

ROCKHAMPTONCITY*f - N/A N/A $515,000 N/A N/A

ROSSLYN 3 N/A N/A $235,000 N/A N/A

YEPPOON*f 13 $372,500 6.4% $299,000 N/A 41.7%

ROCKHAMPTON (LGA) * 79 $150,000 -4.8% $145,000 0.0% 50.3%

ROCKHAMPTON (LGA) ^ * ~ 17 $230,000 27.8% $207,000 13.4% 152.4%

GRACEMERE* 25 $112,000 4.7% $110,000 -12.0% 144.4%

LAMMERMOOR+* 11 $150,000 -1.6% $150,000 7.5% 14.3%

MULAMBIN+* 4 N/A N/A $150,000 -5.4% N/A

NORMANGARDENS* 6 $177,500 4.7% $170,000 0.4% 132.9%

ROCKYVIEW^* 6 $227,500 9.6% $200,113 N/A 156.6%

TAROOMBALL* 4 N/A N/A $150,000 N/A N/A

YEPPOON* 8 $144,500 -12.4% $155,000 -11.4% 43.5%

ZILZIE*f 13 $220,000 54.4% $160,000 -3.0% 25.0%

UNITS & TOWNHOUSES

VACANT URBAN LAND



MARKETMONITORQ

UE

EN

SLA

ND


MACKAY REGIONAL

3 BEDROOM HOUSES


99

3




44444444 225463 225463 225463 225463



<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+






18 7518 75


33 5233 52




59 51

469 351MAR 10 144 190 52MAR 1058 91 26MAR 10

44 36

409 298DEC 09 164 184 66DEC 0980 67 21DEC 09

111 29

457 240MAR 09 202 187 45MAR 0953 86 4MAR 09

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147

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993

1511

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344

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541

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MAR 09

DEC 09

MAR 10


<$350,000 <$500,000 <$1m $1m+


48

33

18

681

483

531

344

511

531

44

52

75

MAR 09

DEC 09

MAR 10


111

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59

457

409

469

240

298

351

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92

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50 186 169 30118MAR 10 149 112 19MAR 1010 27 3MAR 10

55 169 157 26124DEC 09 132 126 42DEC 095 14 6DEC 09

66 197 151 1573MAR 09 45 84 17MAR 098 10 1MAR 09

71

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944

774

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Suburbs/Localities

MarQtr2010NewBonds

MarQtr2009Rent($)

NewBonds

Rent($)Po

stcode

MEDIAN WEEKLY RENTS

ROCKHAMPTON REGIONAL COUNCIL AREA 290 405 280 445

4700 Allenstown/DepotHill/RockhamptonCity/etc. 280 89 275 109

4701 Berserker/ParkAvenue/NormanGardens/etc. 290 159 280 190

4702 Coowonga/KeppelSands/TheCaves/etc. 285 50 290 49

4703 CooeeBay/Rosslyn/Taranganba/Yeppoon/etc. 310 72 310 71

4710 EmuPark/Zilzie 290 19 280 8

4714 MountMorgan 165 13 160 17

ROCKHAMPTON REGIONAL COUNCIL AREA 225 282 220 224

4700 Allenstown/DepotHill/RockhamptonCity/etc. 220 58 230 45

4701 Berserker/ParkAvenue/NormanGardens/etc. 220 168 205 129

4702 Coowonga/KeppelSands/TheCaves/etc. 200 6 200 5

4703 CooeeBay/Rosslyn/Taranganba/Yeppoon/etc. 260 50 250 42

Median house and unit prices Mackay’s residential property market experienced steady demand and price growth over the March quarter, however, since then the market has markedly changed.

For the March quarter, the Mackay median house price decreased 0.4 per cent to $403,000, but was up 3.1 per cent over the year. At the other end of the spectrum, the Mackay median unit and townhouse price increased a very robust 8 per cent over the quarter to $302,000 and was up 6.8 per cent over the year.

While the preliminary number of sales for both houses, and units and townhouses were up on the previous quarter, agents are now reporting a much lower level of demand across the board.

This reduction in enquiry, and consequently sales, is due to higher interest rates and nervousness surrounding the Federal Government’s proposed resources tax predominantly. More than 50 per cent of Mackay’s GDP comes from mining, so the region is heavily exposed to any changes to the resources sector.

Since the tax was announced in early May, the government and industry have been in an almost constant argument about how much tax mining companies pay. The impact on the property market has been pronounced with attendance at open homes having slowed to a dribble. The comparatively high price of property in Mackay also means first home buyers are all but non-existent.

The unit and townhouse market’s robust performance over the March quarter was due to stock becoming available in a number of new developments in Mackay and North Mackay.

Sales of this new stock helped the median unit and townhouse price in these two suburbs increase by 8.9 per cent to $275,000 in Mackay and 12.4 per cent to $286,500 in North Mackay over the March quarter.

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MARKETMONITORQ

UE

EN

SLA

ND

MACKAY REGIONAL

3 BEDROOM HOUSES



MarQtr2010NewBonds

MarQtr2009Rent($)

NewBonds

Rent($)Po

stcode

UNITS & TOWNHOUSES




Median land prices The median price of vacant urban land increased a healthy 6.2 per cent to $184,750 over the quarter but fell back 1.7 per cent over the year.

With 103 preliminary sales over the March quarter, there remains a healthy level of supply and demand for vacant urban land in the Mackay region. The most popular suburbs for vacant urban land included Rural View with 21 preliminary sales and a median of $215,000, and Bucasia with 16 sales and a median of $162,000.

Rental market The median rent for a two-bedroom unit remained steady at $280 per week between March 2010 and March last year; while the median rent for a three-bedroom house actually decreased $10 per week to $370 over the same period.

There has even been some reduction in rents in Moranbah, something that has not happened in many a moon.

For the first time in the past two years, the rental market in the Mackay Regional Council area has shown signs of easing demand with current vacancy rates coming in at 3.4 per cent. This easing in demand is evidenced by the falling median rent for a three-bedroom house.

Similar to other regional areas though, tenant enquiry is still at healthy levels with agents reporting two to five applicants per listing. Investor activity has remained steady over the past six months ensuring the area has sufficient rental stock.

MACKAY (LGA) 341 $403,000 -0.4% $395,000 3.1% 61.2%

MACKAY (LGA) ^ 31 $525,000 1.0% $486,500 3.5% 76.9%

ANDERGROVE 47 $395,000 -1.6% $395,000 4.6% 54.9%

BEACONSFIELD 25 $420,000 8.4% $398,000 2.1% 53.1%

BLACKSBEACH 10 $452,500 0.1% $458,750 4.3% 55.5%

BUCASIA 17 $445,000 -1.1% $425,000 9.0% 57.4%

EASTMACKAY~ 11 $400,000 16.1% $366,500 1.8% 45.1%

EIMEO 15 $430,000 5.9% $445,500 7.3% 56.3%

GLENELLA~ 20 $491,500 -11.0% $500,000 6.1% 51.5%

MACKAY 10 $387,500 N/A $352,500 N/A 46.9%

MARIAN~ 11 $440,000 N/A $385,000 -2.8% 161.0%

MOUNTPLEASANT~ 16 $407,500 -14.7% $425,000 7.5% 44.1%

NORTHMACKAY 26 $338,750 -3.9% $332,000 2.2% 62.0%

OORALEA 7 $485,000 N/A $450,000 1.1% 69.8%

RURALVIEW 7 $515,000 9.6% $448,000 5.4% 54.5%

SARINA~ 7 $375,000 17.2% $329,500 11.7% 119.7%

SLADEPOINT~ 11 $372,000 3.6% $351,000 -2.5% 51.0%

SOUTHMACKAY 19 $345,000 -3.8% $350,000 2.9% 62.8%

WALKERSTON~ 15 $460,000 N/A $445,000 15.6% 72.8%

WESTMACKAY~ 28 $380,000 5.6% $357,500 -2.1% 55.4%

MACKAY (LGA) * 64 $302,500 8.0% $300,000 6.8% 75.4%

EASTMACKAY 7 $261,000 N/A $261,000 N/A 98.5%

MACKAY* 10 $275,000 8.9% $275,000 -2.8% 71.9%

NORTHMACKAY* 10 $286,500 12.4% $287,500 N/A 85.5%

SOUTHMACKAY 7 $305,000 N/A $295,000 20.2% 102.1%

MACKAY (LGA) * 103 $184,750 6.2% $176,000 -1.7% 60.0%

MACKAY (LGA) ^ ~ 10 $234,500 -1.3% $252,500 -8.7% 104.0%

BLACKSBEACH* 4 N/A N/A $189,000 0.0% 57.5%

BUCASIA* 16 $162,000 -1.8% $164,500 -2.7% 29.9%

EIMEO~ 3 N/A N/A $184,500 -0.3% 44.7%

GLENELLA 6 $240,500 -0.2% $228,750 4.0% 93.9%

MARIAN* 11 $148,000 -0.7% $148,000 2.1% 79.4%

MIRANI 5 $115,000 N/A N/A N/A N/A

OORALEA* 11 $182,500 0.4% $182,000 N/A 114.1%

RURALVIEW* 21 $215,000 20.1% $192,000 N/A 53.6%

SARINA* 4 N/A N/A $165,000 -5.7% 233.3%

WALKERSTON 4 N/A N/A $169,750 13.2% 73.2%

MACKAY REGIONAL COUNCIL AREA 370 325 380 352

4737 Sarina/SarinaBeach/ArmstrongBeach 350 34 350 32

4740 Andergrove/Beaconsfield/Mackay/Ooralea/etc. 375 249 380 271

4741 BallBay/Eton/Farleigh/Pleystowe/Seaforth/etc. 330 8 290 10

4750 Bucasia/ShoalPoint 420 16 400 18

MACKAY REGIONAL COUNCIL AREA 280 270 280 270

4737 Sarina/SarinaBeach/ArmstrongBeach 210 18 225 16

4740 Andergrove/Beaconsfield/Mackay/Ooralea/etc. 285 231 290 239

4750 Bucasia/ShoalPoint 260 10 270 5

4751 Greenmount/Palmyra/VictoriaPlains/Walkerston 250 6 n.a. 4


MARKETMONITORQ

UE

EN

SLA

ND

TOWNSVILLE REGIONAL

99

3




44444444 225463 225463 225463 225463



<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+






18 7518 75


33 5233 52




59 51

469 351MAR 10 144 190 52MAR 1058 91 26MAR 10

44 36

409 298DEC 09 164 184 66DEC 0980 67 21DEC 09

111 29

457 240MAR 09 202 187 45MAR 0953 86 4MAR 09

251

254

147

1273

1358

1045

927

1409

1557

44

136

157

MAR 09

SEP 09

MAR 10


1534

935

993

1511

1278

1373

344

490

541

9

20

18

MAR 09

DEC 09

MAR 10


<$350,000 <$500,000 <$1m $1m+


48

33

18

681

483

531

344

511

531

44

52

75

MAR 09

DEC 09

MAR 10


111

44

59

457

409

469

240

298

351

29

36

51

MAR 09

DEC 09

MAR 10


256

180

210

51

61

71

3

13

16

MAR 09

DEC 09

MAR 10


202

164

144

187

184

190

45

66

52

MAR 09

DEC 09

MAR 10


251

198

221

59

92

93

10

20

14

MAR 09

DEC 09

MAR 10


53

80

58

86

67

91

4

21

26

MAR 09

DEC 09

MAR 10


248

190

195

249

255

263

32

97

60

MAR 09

DEC 09

MAR 10


87

86

74

164

167

211

34

66

56

MAR 09

DEC 09

MAR 10


225

159

202

88

96

89

25

32

36

MAR 09

DEC 09

MAR 10


463

352

334

116

116

116

20

47

39

MAR 09

DEC 09

MAR 10


8 3

4

8

2

1

3

1

5

7

6

7

8 3

4

8

2

1

2

2

1

3

1

5

7

6

7

8 3

4

8

2

1


57575757














50 186 169 30118MAR 10 149 112 19MAR 1010 27 3MAR 10

55 169 157 26124DEC 09 132 126 42DEC 095 14 6DEC 09

66 197 151 1573MAR 09 45 84 17MAR 098 10 1MAR 09

71

76

57

514

521

310

660

944

774

169

336

300

19

51

36

MAR 09

SEP 09

MAR 10


163

119

118

277

242

289

69

140

123

21

60

68

MAR 09

SEP 09

DEC 09



172

112

125

566

476

510

404

427

509

68

89

103

244

313

347

MAR 09

DEC 09

MAR 10


66

55

50

197

169

186

151

157

169

15

26

30

73

124

118

MAR 09

DEC 09

MAR 10


33

15

19

20

21

28

2

2

1

MAR 09

DEC 09

MAR 10


45

132

149

84

126

112

17

42

19

MAR 09

DEC 09

MAR 10


22

17

13

31

34

22

3

1

5

MAR 09

DEC 09

MAR 10


8

5

10

10

14

27

1

6

3

MAR 09

DEC 09

MAR 10


45

23

29

84

76

107

17

19

18

MAR 09

DEC 09

MAR 10


18

21

16

29

27

41

7

6

7

MAR 09

DEC 09

MAR 10


8

30

12

15

22

41

3

4

8

MAR 09

DEC 09

MAR 10


70

44

53

36

26

35

2

1

MAR 09

DEC 09

MAR 10


1

2

6

2

1

6

5

1

1

7

3

8

1

2

2 9

1

3

1

2

6

2

1

6

5

1

1

4

7

5

1


7

3

8

1

2

2

4

5

1

9

1

3

1

2

6

2

1

6

5

1

1















50 186 169 118MAR 10 71 17 2MAR 1040 7 1MAR 10

55 169 157 124DEC 09 90 18 6DEC 0963 2 1DEC 09

66 197 151 73MAR 09 73 3 2MAR 0921 2MAR 09

60

98

30

80

172

70

28

55

61

10

19

14

MAR 09

SEP 09

MAR 10


163

119

118

277

242

289

69

140

123

21

60

68

MAR 09

SEP 09

DEC 09



172

112

125

566

476

510

404

427

509

244

313

347

MAR 09

DEC 09

MAR 10


66

55

50

197

169

186

151

157

169

73

124

118

MAR 09

DEC 09

MAR 10


45

56

66

4

7

5

1

MAR 09

DEC 09

MAR 10


73

90

71

3

18

17

2

6

2

MAR 09

DEC 09

MAR 10


76

49

68

7

3

8

1

2

2

MAR 09

DEC 09

MAR 10


21

63

40

2

2

7

1

1

MAR 09

DEC 09

MAR 10


86

94

79

4

21

16

5

1

MAR 09

DEC 09

MAR 10


70

104

94

10

12

9

1

3

MAR 09

DEC 09

MAR 10


87

64

72

1

2

6

2

1

MAR 09

DEC 09

MAR 10


84

94

84

6

5

1

1

MAR 09

DEC 09

MAR 10


Median house and unit prices Over the March quarter, Townsville experienced a slight decrease in its median house price dropping 2.6 per cent to $375,000. For the year ending March 2010 however, the region had a 3.2 per cent increase.

REIQ agents are reporting that listings are priced to meet the current market with those homes around the $300,000 mark selling quickly.

Although a distinct lack of first-time buyers, there is hope and positivity surrounding the new government incentive of $4,000 for first-timers building a house in a regional area, as well as the cruise ship terminal at the Port of Townsville. The new dedicated wharf and purpose-built passenger hall are part of a billion-dollar redevelopment of the city's Western Breakwater area adjacent to the existing casino and entertainment centre.

Steady performers over the March quarter were Douglas with a median house price increase of 9.1 per cent to $457,500, and Gulliver, up 6.8 per cent to $315,000.

The most popular suburbs to purchase houses were Kirwan and Mount Louisa, collectively accounting for 106 preliminary sales over the quarter – more than 20 per cent of the total number of sales for the region.

The unit and townhouse market increased 2.2 per cent on last quarter’s median price to $320,500, and 7.7 per cent on over the year.

Although positive growth was achieved, REIQ agents reported a lack of activity and oversupply in the unit and townhouse market for the March quarter.

North Ward experienced a mixed bag of results recording the highest number of sales at 29 in the Townsville local government area, yet dropped its median price 24.9 per cent. This can be attributed to the varying quality of stock, including some units with river views, during the December quarter.

Median land prices The median price of vacant urban land recorded a minimal decrease of 0.3 per cent, or $550, to $164,450 over the quarter and went back 1.8 per cent over the year.

The slight change in data from this segment of the market is indicative of the scarcity of first home buyers, who were more active throughout the December quarter.

The March quarter was also a reasonably wet season which could have restricted, and had an effect on, the number of sales.

The majority of vacant urban land came from Bushland Beach and Mount Low equating for a total of 28 sales.

Rental market The median rent for a three-bedroom house in Townsville has remained unchanged, since March 2009, at $330 per week. The number of new bonds decreased slightly over the 12-month period. The median rent for a two-bedroom unit decreased $10 per week to $270 over the same period.

Vacancy rates for the Townsville City region had eased to 3 per cent, up from 2.7 per cent reported at the end of September last year. As at the end of March, REIQ agents reported varying degrees of investor activity as well as some landlords holding off on increasing the asking rent in order to secure tenants. All agents however are reporting that tenant enquiry is steady with up to five applicants per rental listing.



MARKETMONITORQ

UE

EN

SLA

ND

TOWNSVILLE CITY

HOUSES

3 BEDROOM HOUSES



MarQtr2010NewBonds

MarQtr2009Rent($)

NewBonds

Rent($)Postcode

VACANT URBAN LAND

UNITS & TOWNHOUSES



TOWNSVILLE CITY (LGA) 518 $375,000 -2.6% $370,000 3.2% 61.6%

TOWNSVILLE CITY (LGA) ^ 46 $462,500 1.9% $432,250 2.9% 71.5%

AITKENVALE~ 16 $347,500 -11.1% $335,000 1.5% 59.5%

ALICERIVER^~ 9 $575,000 13.9% $475,000 -2.3% 62.4%

ANNANDALE~ 33 $440,000 -7.4% $455,000 7.6% 45.1%

BELGIANGARDENS 1 N/A N/A $510,000 N/A 54.8%

BLUEWATERPARK^ 7 $370,000 N/A $410,000 0.4% 76.3%

BOHLEPLAINS* 11 $470,000 1.1% $455,000 4.4% N/A

BURDELL 5 N/A N/A $379,500 7.2% N/A

BUSHLANDBEACH 20 $458,000 6.5% $425,000 1.2% 52.3%

CONDON 18 $371,000 9.8% $330,000 2.2% 53.5%

CRANBROOK 20 $337,500 -1.2% $329,500 3.0% 64.8%

CURRAJONG 10 $352,500 9.0% $323,000 8.0% 68.2%

DEERAGUN* 13 $340,000 -4.3% $335,500 2.3% 97.4%

DOUGLAS 31 $457,500 9.1% $410,000 1.2% 45.1%

GULLIVER 14 $315,000 6.8% $300,000 0.3% 70.5%

HEATLEY~ 12 $300,000 3.8% $300,000 -2.1% 62.2%

HERMITPARK 13 $400,000 N/A $387,000 3.4% 53.0%

HYDEPARK 4 N/A N/A $362,000 N/A 81.0%

IDALIA~ 10 $481,250 -7.5% $491,000 10.3% 55.9%

KELSO 31 $310,000 -3.1% $321,000 0.3% 79.1%

KELSO^ 4 N/A N/A $455,000 7.1% 71.7%

KIRWAN 62 $390,000 1.3% $380,000 4.7% 55.1%

MOUNTLOUISA 44 $404,000 4.9% $395,000 1.3% 71.4%

MOUNTLOW^~ 5 $530,000 40.9% $425,000 N/A 73.5%

MUNDINGBURRA 14 $366,000 -1.7% $372,500 2.4% 53.3%

NORTHWARD~ 10 $634,000 18.5% $547,000 -5.7% 30.2%

PIMLICO~ 12 $325,000 N/A $335,000 -2.9% 39.6%

RAILWAYESTATE~ 8 $365,000 3.5% $338,500 -6.0% 48.5%

RASMUSSEN~ 15 $310,000 -1.4% $300,000 -2.0% 61.3%

SOUTHTOWNSVILLE~ 6 N/A N/A $365,000 8.3% 48.4%

THURINGOWACENTRAL 4 N/A N/A $336,500 2.0% 45.7%

VINCENT 9 $300,000 N/A $301,600 0.5% 67.3%

WESTEND~ 15 $375,000 -13.2% $380,000 6.4% 65.2%

WULGURU 16 $331,500 2.0% $323,500 2.7% 70.3%

TOWNSVILLE CITY (LGA) 154 $320,500 2.2% $320,000 7.7% 66.8%

DOUGLAS 11 $312,000 -1.3% $312,000 N/A 9.0%

HERMITPARK 5 N/A N/A $230,000 0.0% 53.3%

KIRWAN* 12 $319,500 N/A $297,000 0.7% 60.5%

NELLYBAY*f 8 $287,000 N/A $420,000 23.5% -11.6%

NORTHWARD*f 29 $340,000 -24.9% $367,500 5.0% 79.3%

PIMLICO 8 $259,000 N/A $258,000 -0.8% 61.3%

ROSSLEA~f 14 $355,000 -4.1% $332,000 23.9% 105.6%

SOUTHTOWNSVILLE 5 N/A N/A $350,000 N/A N/A

TOWNSVILLECITY*f~ 8 $380,000 -41.2% $479,500 -3.1% 42.3%

WESTEND* 19 $321,000 -12.1% $325,000 27.5% 103.1%

TOWNSVILLE CITY (LGA) * 96 $164,450 -0.3% $162,000 -1.8% 70.5%

TOWNSVILLE CITY (LGA) ^ * ~ 16 $208,500 -3.0% $207,000 -12.7% 155.6%

ALICERIVER^* 3 N/A N/A $205,000 N/A 192.9%

BOHLEPLAINS* 5 $164,000 -11.4% $166,500 -2.9% N/A

BURDELL* 1 N/A N/A $179,500 -0.1% N/A

BUSHLANDBEACH* 14 $146,000 -9.9% $149,000 -5.1% 65.6%

DEERAGUN* 3 N/A N/A $150,000 17.2% 150.4%

DOUGLAS 8 $187,500 -8.8% $190,000 -4.0% 65.4%

IDALIA* 5 $264,000 -0.4% $255,000 4.1% 99.2%

KELSO* 2 N/A N/A $143,000 -4.6% 90.7%

MOUNTLOUISA* 11 $175,000 5.1% $168,000 5.0% 60.0%

MOUNTLOW* 14 $163,500 2.8% $159,000 -17.0% N/A

RASMUSSEN* 10 $132,500 -13.7% $145,000 N/A 137.8%

TOWNSVILLE CITY COUNCIL AREA 330 693 330 714

4810 BelgianGardens/CastleHill/TownsvilleCity/etc. 350 55 340 69

4811 Cluden/Idalia/OakValley/Stuart/Wulguru/etc. 340 31 330 28

4812 Currajong/Gulliver/Mundingburra/Rosslea/etc. 321 72 330 76

4814 Aitkenvale/Cranbrook/Douglas/MtLouisa/etc. 330 216 340 245

4815 Condon/Kelso/Pinnacles/Rasmussen/etc. 310 117 320 100

4816 BalgalBeach/Paluma/Rollingstone/etc. 270 16 290 15

4817 AliceRiver/Kirwan/ThuringowaCentral/etc. 350 131 340 126

4818 BlackRiver/BushlandBch/Deeragun/MtLow/etc. 320 43 320 39

4819 HorseshoeBay/NellyBay/PicnicBay/etc. 265 12 270 16

TOWNSVILLE CITY COUNCIL AREA 270 822 280 718

4810 BelgianGardens/CastleHill/TownsvilleCity/etc. 300 421 300 329

4811 Cluden/Idalia/OakValley/Stuart/Wulguru/etc. 330 45 320 56

4812 Currajong/Gulliver/Mundingburra/Rosslea/etc. 250 210 250 203

4814 Aitkenvale/Cranbrook/Douglas/MtLouisa/etc. 260 84 260 64

4815 Condon/Kelso/Pinnacles/Rasmussen/etc. 250 12 240 17

4817 AliceRiver/Kirwan/ThuringowaCentral/etc. 270 34 285 34

4818 BlackRiver/BushlandBch/Deeragun/MtLow/etc. 250 6 n.a. 3

4819 HorseshoeBay/NellyBay/PicnicBay/etc. 210 10 230 12


MARKETMONITORQ

UE

EN

SLA

ND

CAIRNS REGIONAL

99

3




44444444 225463 225463 225463 225463



<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+<$350,000 <$500,000 <$1m $1m+ <$350,000 <$500,000 $500,000+ <$350,000 <$500,000 $500,000+






18 7518 75


33 5233 52




59 51

469 351MAR 10 144 190 52MAR 1058 91 26MAR 10

44 36

409 298DEC 09 164 184 66DEC 0980 67 21DEC 09

111 29

457 240MAR 09 202 187 45MAR 0953 86 4MAR 09

251

254

147

1273

1358

1045

927

1409

1557

44

136

157

MAR 09

SEP 09

MAR 10


1534

935

993

1511

1278

1373

344

490

541

9

20

18

MAR 09

DEC 09

MAR 10


<$350,000 <$500,000 <$1m $1m+


48

33

18

681

483

531

344

511

531

44

52

75

MAR 09

DEC 09

MAR 10


111

44

59

457

409

469

240

298

351

29

36

51

MAR 09

DEC 09

MAR 10


256

180

210

51

61

71

3

13

16

MAR 09

DEC 09

MAR 10


202

164

144

187

184

190

45

66

52

MAR 09

DEC 09

MAR 10


251

198

221

59

92

93

10

20

14

MAR 09

DEC 09

MAR 10


53

80

58

86

67

91

4

21

26

MAR 09

DEC 09

MAR 10


248

190

195

249

255

263

32

97

60

MAR 09

DEC 09

MAR 10


87

86

74

164

167

211

34

66

56

MAR 09

DEC 09

MAR 10


225

159

202

88

96

89

25

32

36

MAR 09

DEC 09

MAR 10


463

352

334

116

116

116

20

47

39

MAR 09

DEC 09

MAR 10


8 3

4

8

2

1

3

1

5

7

6

7

8 3

4

8

2

1

2

2

1

3

1

5

7

6

7

8 3

4

8

2

1


57575757














50 186 169 30118MAR 10 149 112 19MAR 1010 27 3MAR 10

55 169 157 26124DEC 09 132 126 42DEC 095 14 6DEC 09

66 197 151 1573MAR 09 45 84 17MAR 098 10 1MAR 09

71

76

57

514

521

310

660

944

774

169

336

300

19

51

36

MAR 09

SEP 09

MAR 10


163

119

118

277

242

289

69

140

123

21

60

68

MAR 09

SEP 09

DEC 09



172

112

125

566

476

510

404

427

509

68

89

103

244

313

347

MAR 09

DEC 09

MAR 10


66

55

50

197

169

186

151

157

169

15

26

30

73

124

118

MAR 09

DEC 09

MAR 10


33

15

19

20

21

28

2

2

1

MAR 09

DEC 09

MAR 10


45

132

149

84

126

112

17

42

19

MAR 09

DEC 09

MAR 10


22

17

13

31

34

22

3

1

5

MAR 09

DEC 09

MAR 10


8

5

10

10

14

27

1

6

3

MAR 09

DEC 09

MAR 10


45

23

29

84

76

107

17

19

18

MAR 09

DEC 09

MAR 10


18

21

16

29

27

41

7

6

7

MAR 09

DEC 09

MAR 10


8

30

12

15

22

41

3

4

8

MAR 09

DEC 09

MAR 10


70

44

53

36

26

35

2

1

MAR 09

DEC 09

MAR 10


1

2

6

2

1

6

5

1

1

7

3

8

1

2

2 9

1

3

1

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1


7

3

8

1

2

2

4

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1

9

1

3

1

2

6

2

1

6

5

1

1















50 186 169 118MAR 10 71 17 2MAR 1040 7 1MAR 10

55 169 157 124DEC 09 90 18 6DEC 0963 2 1DEC 09

66 197 151 73MAR 09 73 3 2MAR 0921 2MAR 09

60

98

30

80

172

70

28

55

61

10

19

14

MAR 09

SEP 09

MAR 10


163

119

118

277

242

289

69

140

123

21

60

68

MAR 09

SEP 09

DEC 09



172

112

125

566

476

510

404

427

509

244

313

347

MAR 09

DEC 09

MAR 10


66

55

50

197

169

186

151

157

169

73

124

118

MAR 09

DEC 09

MAR 10


45

56

66

4

7

5

1

MAR 09

DEC 09

MAR 10


73

90

71

3

18

17

2

6

2

MAR 09

DEC 09

MAR 10


76

49

68

7

3

8

1

2

2

MAR 09

DEC 09

MAR 10


21

63

40

2

2

7

1

1

MAR 09

DEC 09

MAR 10


86

94

79

4

21

16

5

1

MAR 09

DEC 09

MAR 10


70

104

94

10

12

9

1

3

MAR 09

DEC 09

MAR 10


87

64

72

1

2

6

2

1

MAR 09

DEC 09

MAR 10


84

94

84

6

5

1

1

MAR 09

DEC 09

MAR 10


Median house and unit prices With an evident lack of first home buyers, the Cairns housing market over the March quarter slowed. The four interest rate hikes since late last year started to have an impact on the Cairns market during the quarter with minimal activity reported.

The median house price in Cairns dipped 0.7 per cent to $370,000 over the March quarter, however increased 1.4 per cent for the year.

Agents are hoping the Papua New Guinea to Queensland Gas Pipeline Project will move jobs and prospective buyers to Cairns to lift the property market.

Although a decrease in sales numbers from the previous quarter, the Cairns local government area managed an 8.8 per cent increase over the year ending March 2010.

Over the March quarter, Edmonton had a median house price increase of 6.1 per cent to $350,000 representing value for money - which is pleasing news for the southern suburbs.

Other steady performers over the March quarter were Brinsmead up 5.4 per cent to $410,000, and Clifton Beach, up 2 per cent to $500,000.

The unit and townhouse market also took a hit with a 9.1 per cent decrease over the March quarter, to $241,000 which could be attributed to the lack of first-time buyers who were once driving this market. Investors were also a little light on throughout the quarter.

With such a decrease to Cairns’ median unit and townhouse price, it was promising to see a 9.9 per cent increase at Manoora to $213,000.

Median land prices The median price of vacant urban land in Cairns decreased 0.7 per cent to $173,750 during the March quarter. The preliminary sales numbers for the quarter were also down slightly; however, an impressive 42.4 per cent increase was achieved over the past 12 months. Over the year, there were a number of land subdivision sales across the region – namely, Bentley Park, Mount Sheridan, Redlynch and Trinity Beach.

Although only six vacant urban land sales were recorded, Palm Cove was the strongest median price performer reaching an increase of 45.7 per cent to $255,000. This was mainly due to the developed beachfront land for sale.

Rental market The median rent for a two-bedroom unit remained static at $250 per week between March 2010 and March last year. The median rent for a three-bedroom house also remained the same at $300 per week compared the previous 12 months.

According to reports from REIQ accredited agencies in the Cairns region, the rental market in the Far North has slowed in recent months. This is reflected in the vacancy rate, sitting at 5.2 per cent at the end of March this year.

This is up from 3.9 per cent in September 2009. Many agents suggest this easing in demand is largely a result of people leaving the area due to fewer employment opportunities. Landlords are also being wise and keeping rents steady, if not lowering them, in order to secure good tenants.



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CAIRNS REGIONAL

HOUSES


VACANT URBAN LAND

UNITS & TOWNHOUSES



3 BEDROOM HOUSES

Suburbs/Localities

MarQtr2010NewBonds

MarQtr2009Rent($)

NewBonds

Rent($)Postcode

MEDIAN WEEKLY RENTS

CAIRNS (LGA) 386 $370,000 -0.7% $365,000 1.4% 40.4%

CAIRNS (LGA) ^ 16 $530,000 -2.9% $564,000 -2.8% 37.6%

BAYVIEWHEIGHTS 12 $378,000 N/A $362,054 3.0% 36.6%

BENTLEYPARK~ 21 $335,000 -3.6% $334,500 -5.4% 33.8%

BRINSMEAD 15 $410,000 5.4% $405,000 -0.7% 32.8%

BUNGALOW 5 N/A N/A $312,500 7.8% 53.2%

CARAVONICA 4 N/A N/A $339,000 -0.3% 38.9%

CLIFTONBEACH 13 $500,000 2.0% $485,000 N/A 22.8%

EARLVILLE 6 N/A N/A $345,500 8.0% 45.6%

EDGEHILL~ 11 $500,000 11.1% $427,500 0.6% 39.0%

EDMONTON 37 $350,000 6.1% $335,000 0.3% 48.9%

FRESHWATER 6 N/A N/A $455,000 N/A 31.1%

GORDONVALE~ 12 $306,500 -5.8% $303,000 -0.2% 62.7%

HOLLOWAYSBEACH 6 N/A N/A $382,500 7.5% 39.1%

KANIMBLA 13 $452,000 -3.8% $465,000 11.8% 31.8%

KEWARRABEACHf~ 21 $390,000 -7.1% $410,000 2.5% 42.9%

MANOORA 3 N/A N/A $300,000 0.2% 50.0%

MANUNDA~* 8 $340,000 13.8% $330,000 N/A 50.3%

MOOROOBOOL~ 19 $340,000 -4.5% $340,000 6.3% 38.8%

MOUNTSHERIDAN 39 $350,000 -1.3% $340,000 1.8% 35.5%

PALMCOVE*~ 3 N/A N/A $549,500 N/A N/A

PARRAMATTAPARK~ 5 N/A N/A $410,000 15.2% 43.9%

PORTDOUGLAS 4 N/A N/A $482,500 N/A -11.1%

REDLYNCH~* 22 $410,500 -10.9% $415,000 -1.1% 37.9%

SMITHFIELD~* 14 $371,000 -11.7% $378,000 -2.3% 54.3%

TRINITYBEACH~* 10 $385,000 2.7% $400,000 -4.2% 40.4%

TRINITYPARK~ 13 $379,000 1.1% $375,000 -5.4% 50.0%

WESTCOURT 6 N/A N/A $320,000 N/A 36.2%

WHITEROCK~ 14 $281,750 -12.0% $275,750 -10.2% 49.1%

WHITFIELD~ 11 $382,900 -20.4% $450,000 12.7% 43.3%

WOREE 7 $350,000 -2.8% $320,500 11.5% 54.1%

CAIRNS (LGA) 280 $241,000 -9.1% $260,000 4.4% 39.8%

BUNGALOW~ 2 N/A N/A $194,000 -12.6% 61.7%

CAIRNSCITY~f 36 $362,500 -17.1% $415,000 19.4% 23.9%

CAIRNSNORTH*f 33 $263,000 -23.2% $295,000 7.7% 31.1%

CLIFTONBEACH*f 6 N/A N/A $305,000 -6.2% N/A

EDGEHILL~ 4 N/A N/A $195,000 -8.0% 71.1%

FRESHWATER 6 N/A N/A $260,500 0.2% 40.8%

KEWARRABEACH* 9 $315,000 N/A $315,000 -25.0% 12.6%

MANOORA~ 23 $213,000 9.9% $199,000 -0.5% 42.1%

MANUNDA* 18 $210,750 24.0% $195,000 11.4% 71.1%

MOOROOBOOL~* 8 $215,000 12.0% $225,000 -16.7% 50.0%

PALMCOVE~*f 10 $245,000 -38.8% $362,500 -5.2% -12.7%

PARRAMATTAPARK~ 6 N/A N/A $258,000 -4.1% 47.4%

PORTDOUGLAS~* 17 $249,000 -42.1% $298,000 28.2% 7.6%

TRINITYBEACH*f 25 $230,000 -26.1% $295,500 -6.2% 32.8%

WESTCOURT~* 15 $294,900 -13.6% $320,850 52.8% 149.2%

WHITEROCK 5 N/A N/A N/A N/A N/A

WOREE~ 6 N/A N/A $168,000 -5.4% 37.7%

YORKEYSKNOB 10 $200,000 N/A $205,000 2.2% 7.9%

CAIRNS (LGA) 90 $173,750 -0.7% $170,000 0.0% 49.8%

CAIRNS (LGA) ^ * ~ g 8 N/A N/A $236,000 105.2% 195.0%

BENTLEYPARK* 12 $150,250 2.2% $147,000 -2.0% 86.1%

CRAIGLIE 3 N/A N/A $182,000 N/A 5.8%

EDMONTON 4 N/A N/A $125,000 0.0% 43.7%

GORDONVALE 6 $125,000 -0.6% $125,000 6.6% 53.4%

MOUNTSHERIDAN* 8 $225,000 13.9% $177,500 N/A 102.9%

PALMCOVE*~ 6 $255,000 45.7% $185,000 N/A -2.6%

REDLYNCH* 15 $175,000 -5.4% $175,000 4.5% 45.8%

SMITHFIELD* 5 $252,000 33.1% $214,000 N/A N/A

TRINITYBEACH* 5 $189,500 22.3% $179,200 -10.4% N/A

TRINITYPARK*f 11 $169,000 -5.8% $169,000 -3.4% -20.8%

CAIRNS REGIONAL COUNCIL AREA 300 495 300 603

4865 Goldsborough/Gordonvale/GreenHill/etc. 280 13 290 27

4868 BayviewHeights/MountSheridan/WhiteRock/etc. 300 79 300 106

4869 BentleyPark/Edmonton/MtPeter/etc. 290 74 290 90

4870 Cairns&suburbsofCairns 310 157 320 175

4873 Mossman/CooyaBeach/CowBay/Miallo/etc 280 28 280 24

4877 PortDouglas/Craiglie/Mowbray/OakBeach 390 13 395 14

4878 Caravonica/HollowaysBeach/MachansBch/etc. 320 57 340 52

4879 CliftonBeach/KewarraBeach/PalmCove/etc. 330 71 330 83

CAIRNS REGIONAL COUNCIL AREA 250 1,041 250 1,028

4865 Goldsborough/Gordonvale/GreenHill/etc. 200 6 n.a. 4

4868 BayviewHeights/MountSheridan/WhiteRock/etc. 230 84 230 85

4869 BentleyPark/Edmonton/MtPeter/etc. 200 20 200 20

4870 Cairns&suburbsofCairns 250 620 250 648

4873 Mossman/CooyaBeach/CowBay/Miallo/etc 180 11 180 14

4877 PortDouglas/Craiglie/Mowbray/OakBeach 260 61 300 39

4878 Caravonica/HollowaysBeach/MachansBch/etc. 250 102 240 89

4879 CliftonBeach/KewarraBeach/PalmCove/etc. 250 137 260 100



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OTHER REGIONAL AREAS




Median house and unit prices Demand for residential property in Queensland’s regional areas remained steady over the March quarter, however, this is likely to increase following the announcement of financial incentives to build a new home in regional areas by the State Government.

The new first home buyers boost provides an extra $4,000 to first-timers who build a home in a regional area. The grant is expected to encourage dissemination of Queensland’s population into regional areas as well as shore up construction jobs.

The possibilities surrounding the development of coal seam gas in the Surat Energy Province in south-west Queensland appear to have positively impacted results in adjacent localities.

The median house in the Lockyer Valley increased 6. 2 per over the quarter to $292,000, in Roma it was up 9.3 per cent to $270,000 and in the Western Downs – which includes Chinchilla and Dalby – was up 9.8 per cent to $280,000.

Median land prices The most popular regional area for sales of vacant urban land was Gympie, recording 52 preliminary sales over the quarter. Gympie not only has a median land price of $123,745, but is also ideally located near the Sunshine Coast.

Mining in the Surat Basin has again impacted neighbouring towns with median vacant urban land price growth experienced in the Western Downs region, up 9.4 per cent over the quarter to $113,750.

BALONNE(LGA) 10 $137,500 N/A $150,000 -1.6% 25.0%

STGEORGE 5 N/A N/A $177,500 4.9% 40.9%

BANANA(LGA)~ 35 $277,000 15.4% $265,000 0.0% 140.9%

BANANA(LGA)^~ 6 N/A N/A $440,000 11.4% 125.6%

BILOELA 21 $290,000 -5.7% $285,000 0.0% 105.0%

BARCALDINE(LGA)~ 10 N/A N/A $167,000 39.2% 283.9%

BURDEKIN(LGA)~ 22 $237,500 -1.0% $228,500 -5.6% 128.5%

AYR~ 12 $242,500 -6.7% $242,000 -3.2% 126.2%

HOMEHILL~ 5 N/A N/A $225,000 -3.2% 155.7%

CASSOWARYCOAST(LGA)~ 43 $270,000 -3.6% $265,000 -1.3% 76.7%

CASSOWARYCOAST(LGA)^~ 6 N/A N/A $350,000 -10.3% 94.4%

EASTINNISFAIL 6 N/A N/A $227,500 N/A N/A

TULLY 5 N/A N/A $230,500 N/A 84.4%

CENTRALHIGHLANDS(LGA) 98 $345,000 -1.1% $345,000 7.8% 83.0%

CENTRALHIGHLANDS(LGA)^~ 10 N/A N/A $312,500 -21.3% 50.2%

BLACKWATER~ 30 $292,500 -7.1% $287,500 5.4% 95.6%

EMERALD 63 $376,000 -2.3% $378,000 8.9% 68.0%

EMERALD^~ 7 $545,000 N/A $545,000 16.0% 56.6%

CHARTERSTOWERS(LGA) 19 $152,000 -35.7% $215,000 2.9% 119.4%

CHARTERSTOWERS(LGA)^ 9 N/A N/A $390,250 2.7% 125.6%

BROUGHTON^ 5 $385,500 N/A N/A N/A N/A

LISSNER 3 N/A N/A $204,000 6.5% 101.0%

QUEENTON~ 7 $168,000 N/A $235,000 17.5% N/A

RICHMONDHILL~ 6 N/A N/A $241,000 -3.1% N/A

GOONDIWINDI(LGA)~ 24 $231,000 -10.5% $248,500 13.7% 60.8%

GOONDIWINDI~ 19 $260,000 -3.0% $310,000 22.3% 62.7%

GYMPIE(LGA) 111 $285,000 -3.4% $290,000 2.6% 48.7%

GYMPIE(LGA)^ 44 $393,500 6.4% $375,000 4.2% 48.2%

COOLOOLACOVE~ 8 $287,000 -6.3% $312,500 -0.8% 38.9%

CURRA^ 5 $304,000 N/A $295,000 10.2% 59.5%

GYMPIE~ 50 $266,500 -2.6% $268,000 -2.5% 48.9%

MONKLAND 9 $264,000 N/A $267,000 7.8% 62.3%

RAINBOWBEACH 8 $493,750 -3.2% N/A N/A N/A

SOUTHSIDE~ 21 $335,000 -5.0% $335,500 -0.7% 28.8%

TINCANBAY~ 9 $300,000 -6.5% $301,000 N/A -1.6%

WIDGEE^ 8 $356,000 N/A N/A N/A N/A

HINCHINBROOK(LGA) 13 N/A N/A $260,000 8.3% 116.7%

INGHAM~ 7 $235,000 N/A $240,000 12.9% 133.0%

ISAAC(LGA) 52 $419,500 4.9% $405,000 6.6% 138.2%

CLERMONT 5 N/A N/A $292,500 0.9% 312.6%

DYSART 6 N/A N/A $412,000 5.8% 312.0%

MORANBAH 36 $438,000 -2.7% $435,000 10.1% 102.3%

LOCKYERVALLEY(LGA)~ 49 $292,000 6.2% $270,000 3.8% 52.3%

LOCKYERVALLEY(LGA)^ 59 $362,000 0.6% $345,000 6.2% 60.5%

GATTON 23 $310,000 7.8% $285,000 2.2% 50.4%

KENSINGTONGROVE^~ 4 N/A N/A $370,000 12.1% 124.2%

LAIDLEY~ 12 $264,500 13.8% $244,500 2.7% 63.0%

LAIDLEYHEIGHTS^~ 5 $365,000 15.9% $312,000 6.7% 62.9%

PLAINLAND^~ 7 $385,000 N/A $320,000 -3.0% 72.0%

REGENCYDOWNS^~ 10 $359,000 -5.3% $345,000 7.0% 81.6%

LONGREACH(LGA) 6 N/A N/A $230,000 10.7% 127.7%

LONGREACH 4 N/A N/A $245,000 11.4% 123.7%

MARANOA(LGA)~ 35 $270,000 9.3% $253,000 21.3% 141.0%

ROMA~ 28 $282,000 5.2% $270,000 17.4% 107.7%

MOUNTISA(LGA)~ 57 $360,000 13.0% $330,000 -0.9% 157.8%

HEALY 12 $379,500 4.9% $376,000 4.4% N/A

MORNINGTON~ 3 N/A N/A $300,000 -3.8% N/A

PARKSIDE~ 6 N/A N/A $300,000 -1.6% N/A

SOLDIERSHILL~ 12 $356,000 N/A $324,000 -1.8% N/A

SUNSET 8 $345,000 N/A $337,000 2.1% N/A

TOWNVIEW 5 N/A N/A $332,500 -0.7% N/A



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VACANT URBAN LAND




UNITS & TOWNHOUSES

MURWEH (LGA) 13 N/A N/A $140,000 12.9% 98.6%

CHARLEVILLE~ 12 $120,000 -33.1% $143,000 11.1% 90.7%

NORTH BURNETT (LGA) 22 $146,500 -13.8% $166,250 7.3% 99.1%

NORTH BURNETT (LGA) ^ ~ 1 N/A N/A $266,000 26.7% 131.3%

GAYNDAH 8 $165,000 -23.3% $195,000 23.4% 95.0%

PAROO (LGA) 6 N/A N/A $56,000 N/A 24.4%

CUNNAMULLA 6 N/A N/A $56,000 N/A 16.7%

SCENIC RIM (LGA) 68 $361,500 1.1% $360,000 2.9% 39.0%

SCENIC RIM (LGA) ^ ~ 32 $470,000 -5.1% $457,500 4.0% 40.8%

BEAUDESERT~ 21 $320,000 -0.2% $310,000 -2.6% 38.4%

BOONAH 9 $262,000 -3.9% $285,500 1.7% 68.9%

KOORALBYN^ 9 $340,000 -0.7% $339,000 6.4% 50.7%

TAMBORINEMOUNTAIN~ 29 $460,000 2.2% $440,000 -6.4% 32.5%

TAMBORINEMOUNTAIN^~ 6 $1,062,500 39.8% $753,000 21.5% 36.3%

SOMERSET (LGA) ~ 30 $271,500 -8.6% $277,500 11.0% 68.2%

SOMERSET (LGA) ^ 24 $390,000 0.0% $371,250 6.1% 42.8%

FERNVALE 2 N/A N/A $343,500 N/A N/A

KILCOY~ 7 $258,000 -12.2% $285,000 5.6% 50.0%

LOWOOD 5 N/A N/A $271,500 11.4% 67.1%

LOWOOD^ 6 $330,000 2.6% $330,000 5.1% 30.0%

MINDEN^ 4 N/A N/A $340,000 N/A 37.4%

SOUTH BURNETT (LGA) ~ 72 $216,500 -12.0% $233,000 5.9% 57.4%

SOUTH BURNETT (LGA) ^ 30 $280,000 5.7% $282,000 0.7% 76.3%

KINGAROY~ 39 $250,000 -7.2% $265,000 7.6% 54.1%

KINGAROY^ 4 N/A N/A $416,000 2.0% 63.1%

MURGON~ 12 $152,263 N/A $172,500 7.8% 73.8%

NANANGO~ 9 $210,000 -16.5% $222,500 6.0% 61.2%

NANANGO^~ 3 N/A N/A $247,500 -9.3% 67.2%

WONDAI 6 N/A N/A $207,000 4.5% 65.6%

SOUTHERN DOWNS (LGA) 96 $245,000 -1.0% $237,500 5.6% 55.2%

SOUTHERN DOWNS (LGA) ^ 15 $330,000 -1.5% $336,500 3.5% 70.4%

STANTHORPE 21 $248,000 5.5% $235,000 6.9% 58.8%

STANTHORPE^ 3 N/A N/A $380,000 N/A 46.2%

WARWICK 55 $245,000 -3.5% $250,000 8.7% 50.2%

TABLELANDS (LGA) 63 $285,000 -6.6% $290,000 1.8% 93.3%

TABLELANDS (LGA) ^ ~ 25 $386,000 -12.0% $410,000 -4.4% 70.8%

ATHERTON~ 25 $292,000 -11.5% $330,000 -8.3% 83.3%

KURANDA^ 2 N/A N/A $472,500 2.7% 48.1%

MAREEBA~ 15 $285,000 -9.5% $285,000 11.8% 105.4%

TOLGA^ 5 $450,000 N/A N/A N/A N/A

WEIPA (LGA) 7 N/A N/A $350,000 N/A 64.7%

WESTERN DOWNS (LGA) 66 $280,000 9.8% $259,000 10.2% 99.2%

WESTERN DOWNS (LGA) ^ 24 $345,000 -2.5% $325,000 13.0% 140.7%

CHINCHILLA~ 21 $347,000 28.8% $292,750 17.1% 117.7%

DALBY 30 $297,500 -4.3% $279,000 15.3% 89.2%

DALBY^ 8 $482,500 9.9% $439,000 20.3% 90.9%

MILES~ 7 $250,000 35.1% $230,000 N/A 194.9%

TARA^ 8 $210,000 N/A $110,000 -8.3% 115.7%

WHITSUNDAY (LGA) ~ 65 $360,000 -14.8% $389,500 1.2% 87.0%

WHITSUNDAY (LGA) ^ ~ 10 N/A N/A $475,000 -3.1% 60.6%

BOWEN~ 23 $350,000 -3.4% $350,000 -2.8% 94.4%

CANNONVALE~ 7 $450,000 -7.5% $452,500 -6.4% 25.9%

COLLINSVILLE 8 $183,750 N/A N/A N/A N/A

JUBILEEPOCKET~ 3 N/A N/A $425,250 -5.5% 39.4%

PROSERPINE~ 12 $367,500 -7.0% $347,050 8.5% 96.9%

CASSOWARY COAST (LGA) ~ f 4 N/A N/A $285,000 -3.1% 52.0%

CENTRAL HIGHLANDS (LGA) * ~ 23 $267,000 -15.9% $275,000 7.4% 77.4%

EMERALD*~ 23 $267,000 -15.9% $275,000 3.8% 77.4%

GYMPIE (LGA) 8 N/A N/A $265,000 4.3% 16.7%

LOCKYER VALLEY (LGA) 7 N/A N/A $234,750 N/A N/A

GATTON 5 N/A N/A $226,000 N/A N/A

SCENIC RIM (LGA) * ~ 16 $230,000 N/A $244,000 28.4% 95.2%

SOUTH BURNETT (LGA) ~ * 8 N/A N/A $175,000 -19.5% 139.7%

KINGAROY~ 7 $194,000 N/A $175,000 N/A N/A

SOUTHERN DOWNS (LGA) 7 N/A N/A $224,000 9.3% 72.3%

TABLELANDS (LGA) * 6 N/A N/A $192,000 -19.5% 43.3%

WEIPA (LGA) 4 N/A N/A $153,137 4.1% N/A

WESTERN DOWNS (LGA) 7 N/A N/A $285,000 9.6% N/A

WHITSUNDAY (LGA) * f 28 $347,500 -4.8% $340,500 -1.4% 18.7%

AIRLIEBEACH* 6 N/A N/A $423,000 -13.7% -9.5%

BOWEN 8 $322,500 N/A $304,250 N/A N/A

CANNONVALE*f 11 $345,000 1.5% $314,000 5.1% 38.9%

BANANA (LGA) * 4 N/A N/A $134,000 27.6% 665.7%

KIANGA* 2 N/A N/A $134,000 N/A N/A

BARCALDINE (LGA) 9 N/A N/A $52,500 N/A N/A

BURDEKIN (LGA) 7 N/A N/A $117,000 N/A 290.0%

AYR 6 $124,975 N/A N/A N/A N/A

CASSOWARY COAST (LGA) ~ 15 $140,000 -9.7% $130,000 -5.8% 30.7%

CASSOWARY COAST (LGA) ^ ~ * 8 N/A N/A $150,000 -1.6% 150.0%

SOUTHMISSIONBEACH 4 N/A N/A $125,000 N/A N/A

WONGALINGBEACH~ 1 N/A N/A $165,000 N/A -2.4%

CENTRAL HIGHLANDS (LGA) 36 $123,000 -1.6% $120,000 14.3% 152.6%

BLACKWATER* 7 $95,000 N/A $95,000 5.6% 272.5%

EMERALD 28 $124,000 -0.8% $126,500 -7.3% 94.6%

EMERALD^ 3 N/A N/A $245,000 N/A 150.0%

CHARTERS TOWERS (LGA) ^ * ~ 8 N/A N/A $147,000 33.6% 230.3%

GOONDIWINDI (LGA) 2 N/A N/A $80,000 6.7% 116.2%



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3 BEDROOM HOUSES



MarQtr2010NewBonds

MarQtr2009Rent($)

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Rent($)Po

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GYMPIE (LGA) 52 $123,745 -2.2% $123,750 -0.2% 45.6%

GYMPIE (LGA) ^ * ~ 36 $150,000 -4.0% $142,500 -3.4% 51.6%

COOLOOLACOVE* 8 $121,500 -7.6% $125,000 -19.4% 42.9%

CURRA^* 12 $113,500 N/A $115,000 -0.9% 74.2%

GYMPIE* 15 $125,000 13.6% $110,000 -7.6% 41.0%

JONESHILL 2 N/A N/A $132,500 N/A N/A

SOUTHSIDE* 8 $121,500 -5.1% $122,000 1.7% 45.2%

TINCANBAY 10 $131,250 N/A $133,750 -0.2% 6.6%

HINCHINBROOK (LGA) ~ 10 $103,500 15.0% $93,250 -3.9% 60.8%

FORRESTBEACH~ 5 $105,000 11.1% $92,500 -7.5% N/A

ISAAC (LGA) ~ 27 $150,000 25.0% $120,000 8.8% 275.0%

MORANBAH~ 24 $153,870 28.2% $120,000 -0.8% 274.4%

LOCKYER VALLEY (LGA) 27 $125,000 0.8% $124,000 7.8% 99.9%

LOCKYER VALLEY (LGA) ^ * ~ 55 $134,000 -9.2% $140,000 0.2% 102.2%

ADARE^ 6 $121,500 N/A N/A N/A N/A

GATTON 2 N/A N/A $135,000 1.9% 107.7%

HATTONVALE^* 9 $136,900 N/A $139,950 N/A 65.6%

KENSINGTONGROVE^*~ 7 $135,000 -8.2% $143,500 1.1% 86.4%

LAIDLEY 14 $124,500 8.3% $119,000 5.3% N/A

LAIDLEYNORTH 4 N/A N/A $115,000 N/A N/A

REGENCYDOWNS^ 5 $155,000 N/A $139,750 0.5% 115.0%

MARANOA (LGA) 4 N/A N/A $35,000 18.6% 50.5%

MOUNT ISA (LGA) 9 N/A N/A $75,000 7.1% N/A

HEALY 8 $84,000 N/A $75,000 7.1% N/A

NORTH BURNETT (LGA) ~ 4 N/A N/A $42,000 35.5% 180.0%

NORTH BURNETT (LGA) ^ ~ * 6 N/A N/A $120,000 -4.0% 166.7%

SCENIC RIM (LGA) ~ * 16 $155,500 -19.0% $179,500 0.3% 84.1%

SCENIC RIM (LGA) ^ ~ 23 $200,000 -2.0% $220,000 -2.2% 158.8%

BEAUDESERT* 3 N/A N/A $192,500 5.2% 75.0%

GLENEAGLE* 4 N/A N/A $174,500 N/A N/A

KOORALBYN^~ 7 $128,000 N/A $110,000 -4.3% 86.4%

TAMBORINEMOUNTAIN 2 N/A N/A $236,500 N/A 21.3%

SOMERSET (LGA) 21 $128,000 0.0% $130,000 1.6% 136.4%

SOMERSET (LGA) ^ ~ * 14 $241,250 2.7% $225,000 25.0% 130.8%

FERNVALE* 8 $137,500 4.0% $135,000 3.8% N/A

LOWOOD* 5 $120,500 N/A $122,000 -3.2% N/A

SOUTH BURNETT (LGA) ~ * 19 $100,000 60.0% $90,000 16.9% 227.3%

SOUTH BURNETT (LGA) ^ * 34 $91,500 -6.6% $100,000 10.5% 156.4%

KINGAROY* 11 $110,000 0.0% $110,000 10.0% 100.0%

KINGAROY^* 1 N/A N/A $140,000 N/A 115.4%

NANANGO^ 5 $89,000 0.0% N/A N/A N/A

SOUTHERN DOWNS (LGA) * 27 $90,000 0.1% $89,900 19.9% 114.0%

SOUTHERN DOWNS (LGA) ^ ~ 24 $168,500 20.4% $150,000 7.9% 120.6%

STANTHORPE 4 N/A N/A $84,000 N/A 86.7%

WARWICK* 14 $94,500 -0.5% $93,000 -2.1% 57.6%

TABLELANDS (LGA) * 25 $95,500 -21.1% $115,000 4.5% 155.6%

TABLELANDS (LGA) ^ ~ 31 $189,000 -4.5% $184,000 -4.7% 145.3%

ATHERTON* 5 $130,900 1.5% $125,000 4.2% 93.8%

MAREEBA~ 13 $92,000 -8.0% $95,000 -12.8% 120.9%

PEERAMON^* 1 N/A N/A $166,750 N/A N/A

WESTERN DOWNS (LGA) 30 $113,750 9.4% $108,000 12.5% 315.4%

WESTERN DOWNS (LGA) ^ ~ 30 $105,000 22.1% $95,000 47.3% 277.7%

CHINCHILLA 14 $109,900 11.6% $98,500 9.4% 114.7%

CHINCHILLA^~ 11 $110,000 15.8% $105,000 16.7% N/A

DALBY~* 12 $119,500 -3.2% $117,500 17.5% 161.1%

DALBY^ 3 N/A N/A $107,250 2.1% 116.7%

TARA^~ 8 $37,500 -6.3% $40,500 9.5% 237.5%

WHITSUNDAY (LGA) * 41 $152,500 1.7% $155,000 -3.7% 24.0%

WHITSUNDAY (LGA) ^ ~ 6 N/A N/A $249,000 -3.3% 77.9%

BOWEN~f 11 $165,000 9.1% $150,000 -2.0% 38.7%

CANNONVALE* 11 $152,500 -11.6% $160,000 -22.0% 23.3%

PROSERPINE* 9 $130,000 24.4% $115,000 -4.2% N/A

SCENIC RIM REGIONAL COUNCIL AREA 310 120 300 146

4270 Tamborine 360 10 350 8

4271 EagleHeights 350 21 320 27

4272 TamborineMountain 380 9 350 13

4275 Biddaddaba/Boyland/Canungra/etc. 360 9 350 11

4285 Beaudesert/CedarVale/Kooralbyn/etc. 300 43 290 52

4307 Harrisvale/Mutdapilly/etc. 320 5 n.a. 4

4310 Boonah/Duganden/MtAlford 235 18 230 18

GYMPIE REGIONAL COUNCIL AREA 250 221 240 208

4570 Gympie/Curra/Imbil/Monkland/Southside/etc. 250 184 250 161

4580 Cooloola/TinCanBay 245 23 230 28

4581 RainbowBeach/Inskip 300 5 260 7

WHITSUNDAY REGIONAL COUNCIL AREA 350 125 370 178

4800 CannonValley/Conway/Proserpine/etc. 300 24 330 26

4802 AirlieBeach/Cannonvale/Whitsundays/etc. 380 36 410 59

4804 Collinsville 350 13 400 13

4805 Bowen 340 52 350 80

SCENIC RIM REGIONAL COUNCIL AREA 190 31 185 30

4285 Beaudesert/CedarVale/Kooralbyn/etc. 180 21 170 22

GYMPIE REGIONAL COUNCIL AREA 190 56 175 46

4570 Gympie/Curra/Imbil/Monkland/Southside/etc. 190 33 175 33

4581 RainbowBeach/Inskip 200 18 185 7

WHITSUNDAY REGIONAL COUNCIL AREA 290 134 300 122

4800 CannonValley/Conway/Proserpine/etc. 230 7 240 11

4802 AirlieBeach/Cannonvale/Whitsundays/etc. 300 88 310 77

4805 Bowen 230 32 280 25

HOUSES UNITS LOCAL GOVERNMENT AREA MAR QTR DEC QTR MAR QTR DEC QTR 2010 2009 2010 2009

LOCAL GOVERNMENT AREA MAR SEPT 2010 2009

SOUTH EAST QUEENSLAND

REGIONAL QUEENSLAND

RESIDENTIAL RENTALS

SOUTH EAST QUEENSLAND

REGIONAL QUEENSLAND

www.reiq.com.auIssue 5 - March 2010 page 36

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GROSS RENTAL YIELDS

ExPLANATORY NOTESSALES DATAAll figures are preliminary based upon sales records available as at 19 MAY 2010 and are subject to further revision. Only suburbs to record sufficient sales numbers have been includedN/A No preliminary estimate available due to insufficient sales numbers(LGA) Local Government AreaBrisbane (SD)– Brisbane Statistical Division which includes the shires of Brisbane City, Ipswich City, Logan City, Moreton Bay Regional and Redland City.^ Denotes acreage sales - on land size greater than 2,400m2. All other house and land sale statistics are based on land size under 2,400m2 . Unit and townhouse data includes sales of all building units and group titled properties. ~ Medians affected by varying quality of stock sold* Medians affected by varying quantities of new properties soldf Medians affected by varying numbers of waterfront properties sold+ Due to the nature of properties in this suburb, some group titled property sales have been included- Due to the nature of properties in this suburb, some group titled property sales have been omittedg Sales volumes and median affected by QLD government acquisitions in the areaG Sales volumes and median affected by QLD government sales in the area¹ Paradise Point - excludes Sovereign and Ephraim Islands sales² Median for previous quarter recalculated to take into account Brookwater group title sales.

PRICE POINT GRAPHS - SALES NUMBERSAll figures are preliminary based upon sales records available as at the time of reporting for each corresponding quarter and are subject to further revision. Comparisons between quarters should be used as a guide only. Data supplied by PDS Live.

SOURCE: REIQ. Raw data made available by QLD Department of Environment and Resource Management, (QVAS), via RP Data and PDS Live. This information has been carefully compiled and is not intended to be treated as a warranty or promise as to the correctness of the information. Interested parties should undertake independent enquiries and investigations to satisfy themselves that any details herein are true and correct. The REIQ does not allow this information to be used for advertising or marketing purposes. Enquiries about the reproduction of part or all of the information should be directed to the Marketplace Strategy Division, REIQ

VACANCY RATES

Greater Brisbane ¹ 2.7% 3.9%

Brisbane City ² 2.5% 2.9%

Brisbane Inner (0-5km) 2.3% 3.5%

Brisbane Remainder 2.6% 2.6%

Brisbane Surrounds ³ 3.0% 4.8%

Ipswich City 2.3% 3.5%

Logan City 2.3% 2.5%

Moreton Bay Regional 3.3% 6.4%

Redland City 4.3% 4.5%

Gold Coast City 3.9% 3.2%

Sunshine Coast Regional 3.5% 3.8%

Bundaberg Regional 3.1% 2.1%

Cairns Regional 5.2% 3.9%

Fraser Coast Regional * 6.3% 8.5%

Gladstone Regional 4.1% 9.5%

Gympie Regional 3.1% N/A

Lockyer Valley Regional 3.3% N/A

Mackay Regional 3.4% 2.4%

Rockhampton Regional 5.6% 3.4%

Tablelands Regional 5.6% N/A

Toowoomba Regional 1.0% 1.1% #

Townsville City 3.0% 2.7%

RENTAL DATAAll rental data is collated by postcode. Where no postcode is listed, insufficient new bonds were lodged in order to calculate a reliable statistic. For more information go to www.rta.qld.gov.au ^ The relatively small number of bond lodgements for properties in these areas make median rent values less reliable~ Based upon former council boundariesn.a. Not Available (the number of new bonds lodged was too small to provide a reliable estimate)N/A Historical data for the new Local Government City and Regional Council areas is not available** Historical data based upon former LGA boundaries. Comparisons between the number of bonds lodged should be used with cautionSource: Residential Tenancies Authority, Rental Bond lodgements www.rta.qld.gov.au

GROSS RENTAL YIELDS¹Based upon median weekly rent for 3-bedroom houses, source: Residential Tenancies Authority²Includes townhouses. Based upon median weekly rent for 2-bedroom flats, source: Residential Tenancies Authority

VACANCY RATES¨Based upon all residential rentals as at the end of the month ¹ Aggregate of Brisbane City LGA & Brisbane surrounds ² Aggregate of Brisbane Inner & Brisbane Remainder ³ Aggregate of the surrounding shires of Ipswich, Logan, Moreton Bay Regional & Redland * High rental stock due to new residential unit releases # Due to a reporting error this vacancy rate has been recalculated N/A Insufficient sample size reported in order to calculate a reliable statistic NB Where no region or vacancy rate is listed, insufficient surveys were received in order to calculate a reliable statistic Source: REIQ Residential Rental Survey

Brisbane City 3.7% 3.6% 4.7% 4.6%

Moreton Bay Regional 4.5% 4.3% 4.9% 4.7%

Ipswich City 4.4% 4.6% 4.8% 4.5%

Logan City 4.1% 4.0% 4.2% 4.1%

Redland City 3.9% 3.9% 4.6% 4.3%

Gold Coast City 4.0% 4.1% 4.8% 4.7%

Sunshine Coast Regional 3.9% 3.9% 4.3% 4.0%

Scenic Rim Regional 4.5% 4.4% 4.3% N/A

Toowoomba Regional 4.4% 4.4% 4.4% 4.1%

Gympie Regional 4.6% 4.4% N/A 3.3%

Fraser Coast Regional 4.1% 4.1% 3.8% 3.7%

Bundaberg Regional 4.7% 4.6% 4.0% 3.8%

Gladstone Regional 3.8% 4.2% 4.0% 3.2%

Rockhampton Regional 4.7% 4.6% 4.1% 4.7%

Mackay Regional 4.8% 4.8% 4.8% 5.2%

Whitsunday Regional 5.1% 4.3% 4.3% 4.0%

Townsville City 4.6% 4.5% 4.4% 4.6%

Cairns Regional 4.2% 4.2% 5.4% 4.7%

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RESEARCH METHODOLOGY

Real estatetrends inQueensland’stowns & suburbs

In order to measure recent performance of the Queensland property market, Queensland Market Monitor records the median sale price by locality and by local government area (LGA) state-wide where sufficient sales numbers are recorded.

Analysts regard the median sale price, defined as “the middle sale taken from all the sales in a locality throughout a specified period” as the most representative figure. Unlike other averages, which can be skewed by very high or very low sales, the median is generally reflective of current market activity. The REIQ’s research data is based on sales records of the most recent reportable quarter held by the Department of Environment and Resources Management’s Queensland Valuation and Sales database (QVAS). Given the delays in sales records being made available by QVAS (three months on average) the REIQ initially publishes quarterly figures using approximately 60 to 70 per cent of sales contracted in the quarter.

As such, the percentage changes compare current preliminary estimates with preliminary estimates for the previous period. A percentage change is not available where there is no preliminary estimate available.

Quarterly sales figures are generally an indication of the latest sales activity in an area. They reflect the types of properties that have sold over a three-month period and can therefore be quite volatile. Where possible, annotations have been used to explain fluctuations in the sales data. These are often caused by varying quality of stock, waterfront properties or new property sales.

To provide a more macro or historical trend view of a suburb’s and LGA’s market performance, the annual median price is also provided as are percentage changes over the last one and five years.

To ensure this data is as reflective of the overall market as possible, only suburbs that recorded a minimum of 25 sales for houses and unit/townhouses; or 20 sales for acreage and vacant land over the 12 month period are recorded.

On a quarterly basis, a minimum of 10 sales are required for metropolitan Brisbane. In regional areas, where there are generally fewer sales compared with metropolitan volumes, suburbs with a minimum of seven house or unit/townhouse sales or a minimum of five acreage or vacant land sales in a locality are included. A suburb with fewer sales numbers is generally regarded as having a sample size too small to be truly demonstrative.

Another point of difference with REIQ research is our use of contract date figures rather than the ‘settlement date’. In accruing quarterly results, some analysts use the date on which the property settled rather than the date that the parties signed a contract of sale. In Queensland, there could be up to 60 or 90 days between the time a contract of sale is signed (the day on which the parties legally agree on the price the property will sell for) and the day on which the property settles. The REIQ believes that collating quarterly statistics based on settlement date figures does not most accurately reflect the state of the market in any given quarterly period.

For further information on real estate data email REIQ’s research analyst, Yvette Burton [[email protected]].

VACANCY RATES

Options for property investors:you can guarantee it

For information on Deposit Guarantees, contact Kim Mustar, Deposit Power Business Development Manager on 0418 230 693 or go to www.depositpower.com.au

Deposit Power is Australia’s leading provider of Deposit Guarantees. Having issued the first Deposit Guarantee in the Australian market in 1989, Deposit Power has now assisted over 750,000 Australians to purchase property.

Deposit Guarantees substitute for a cash deposit when purchasing residential property and can be used by investors, first homebuyers, people buying and selling simultaneously and for extended settlement contracts such as off the plan or vacant land purchases.

Deposit Power is part of Vero Insurance Limited, one of Australia’s largest and most suc-cessful intermediated general insurance companies.

The Queensland property market continues to present investors with some encouraging prospects, with a strong rental market, good sale prices and ongoing discussion about future housing shortages.

James Sialepis, National Sales and Marketing Manager of Meriton Apartments, says he has witnessed a spike in investor activity in Queensland.

“Investors realise that not only are rents strengthening considerably, but the gap in price between Brisbane and Sydney or Melbourne is far too wide,” Mr Sialepis said.

“History shows us that this gap will correct itself and Brisbane's values will be next to climb. Savvy investors from all over Australia and overseas are aware of this trend.”

Keith Levy, National Manger of Deposit Power, explains that property investors or people buying and selling homes simultaneously often have their cash tied up in existing property, and deposit guarantees provide a way for these qualified buyers to secure the property now and pay the full purchase price (including the deposit) at settlement.

“Deposit Guarantees can be an effective tool for real estate agents to attract qualified and committed buyers, and to protect your clients and your commission if the purchaser defaults,” Mr Levy said.

“Deposit Power Guarantees are only issued after the buyer has demonstrated their financial ability to complete the purchase, so this can also give the seller more peace of mind that the sale will go through.

In a growing market where demand is high, another issue can be determining how much a buyer should provide as a deposit on a property.

“In Queensland, typically buyers pay small deposits, and it has become a habit for real estate agents to accept minimal deposits. The problem with this practice is that if settlement doesn’t happen, the seller only has a small deposit which may not cover the real estate agent’s entitled commission,” Mr Levy said.

“It therefore makes sense for agents to encourage buyers to provide a 10 per cent deposit and Deposit Guarantees are the perfect solution where buyers don’t have immediate access to a cash deposit”.

http://www.depositpower.com.au/dpg/home

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Queensland Market Monitor is a quarterly, electronic publication entirely focused on residential sales and rental research data for regions throughout the State, on a suburb-by-suburb basis. It meets the high standards for accurate data and reliable analysis that you have come to expect from the REIQ.

Each edition includes:

• Median sale prices for houses, units/townhouses and land; • Median weekly rents for houses and units/townhouses; • Gross rental yields; • Rental vacancy rates (twice a year); • Useful charts and graphs; • Detailed comparisons; and • Analytical commentary.

This detailed level of information will enable you to conduct valuable comparisons between various regions and market segments, and to ensureyou are completely informed of all the latest market trends and fl uctuations.

Y O U R S T A T E - W I D E P R O P E R T Y R E S E A R C H G U I D E - S U B U R B B Y S U B U R B

The Real Estate Institute of Queensland

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Qmm Issue 6 Lj Gilland

Documents

Transcript of Qmm Issue 6 Lj Gilland