Queensland Market Monitor

your state-wide property research guide suburb by suburb

REIQ

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UE 30

MAR QTR 2016

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QMM STATE-WIDE COMMENTARY

MARCH QUARTER UP AND DOWN

The March quarter has been slower throughout the state, although the overarching trends are continuing to hold steady, with small levels of growth in the southeast corner and more challenging conditions throughout much of regional Queensland.

Looking at the quarterly data, Cairns, Townsville and Rockhampton felt the pinch in the March quarter with a drop in median house prices of 4.1 per cent, 8.3 per cent and 3.6 per cent respectively. These are the three biggest quarter-on-quarter drops in the state.

Other regional centres, such as Gladstone, Mackay and Toowoomba experienced smaller drops of just 1.4 per cent, 1.9 per cent and 1.6 per cent respectively.

Looking at the more reliable annual figures, we can see that the March quarter drop has pushed Townsville below where it was 12 months ago, down by 2.3 per cent. It is hoped that the infrastructure works program, along with the recently announced new stadium and the Singapore defence force movements will boost this local economy and help it through difficult conditions.

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2 QUEENSLAND MARKET MONITOR

REIQ RESEARCH EXPLANATORY NOTESSALES MARKET DATA

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

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

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

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

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

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

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

(LGA) Local Government Area Brisbane.

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

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

# Figures based upon the new council boundaries

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

ON THE MARKET INDICATORS

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

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

"Vendor Discount" is the average difference between the contract price on a property and the first advertised price. The figure is expressed as a percentage and is an average of all private treaty sales which sold for less than their initial asking price during the last 12 months. Auction listings, listings without an advertised asking price and properties sold at or above list price are excluded from the calculation.

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

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

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

PRICE POINT GRAPHS

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

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

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

GROSS RENTAL YIELDS

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

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

VACANCY RATES

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

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

Source: REIQ Residential Rental Survey

RENTAL MARKET DATA

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

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

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

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

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

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

http://www.rpdata.com.au

3

STATE-WIDE SUMMARY

MARCH QUARTER 20163 QUEENSLAND MARKET MONITOR

Queensland market update 1

REIQ Explanatory notes 2

Brisbane market updates

Brisbane City 8

Greater Brisbane 14

Regional market updates

Gold Coast 20

Toowoomba 24

Sunshine Coast 26

Fraser Coast 30

Bundaberg 32

Gladstone 34

Rockhampton 36

Mackay 38

Townsville 40

Cairns 44

Other Regional 47

On The Market Indicators 48

Total Listings

% Stock on Market

Average Vendor Discount

Average Days on Market

Rental Market Indicators 50

Gross rental yields

Residential vacancy rates

TABLE OF CONTENTS

REIQ STATE-WIDE COMMENTARY CONTINUED

Keeping our focus on the 12-month figures, six out of 11 markets are still within positive territory. The Gold Coast, Brisbane LGA, Toowoomba, Sunshine Coast, Fraser Coast and Cairns are all recording higher median house prices than 12 months ago, which indicates these markets are well and truly on solid ground.

The Bundaberg house market is just 1.8 per cent down on 12 months ago and Townsville has just edged into negative territory, now 2.3 per cent below its position 12 months ago.

For Gladstone, Rockhampton and Mackay, their markets remain below the 12-month waterline and also below the five-year waterline.

These figures highlight how fragile the recovery is in these markets and how challenged the regional Queensland markets continue to be.

As this report was being produced, the State Government announced it would boost the first-home buyer’s grant by $5000, but would continue to limit it to new construction only.

The REIQ has voiced its disappointment in this measure, arguing that the regional economy desperately needs stimulus to buy established homes.

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

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

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

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

Source: REIQ, data obtained from CoreLogic RPData


STATE-WIDE SUMMARY

HOUSE MARKET

The house market was slower this quarter and seven out of 11 markets contracted.

The Brisbane LGA median house price fell 2.4 per cent this quarter, but the longer-range trends are still positive, with 6.1 per cent growth over 12 months and 17.9 per cent over five years.

As forecast, the Townsville market has struggled this quarter and the impact of the nickel refinery shutdown is having an impact.

Even the strongest performing regional areas of the Gold Coast, Toowoomba, the Sunshine Coast and Cairns have slowed in the March quarter.

Toowoomba remains one per cent above this time last year and almost 20 per cent better than five years ago, which gives this market some breathing room. With major infrastructure projects going ahead, and the condition that the workforce be drawn from within a 70km radius of the project, this market is in a good position and should see continued moderate growth.

The Sunshine Coast grew one per cent this quarter, and is up four per cent on 12 months ago and 9.1 per cent higher than five years ago. Again, solid infrastructure projects will help the house market continue its steady trajectory of sustained growth.

The Gold Coast is buoyed by Commonwealth Games works and is expected to maintain small, steady growth into the short-term future. This market grew 0.5 per cent this quarter and is 5.8 per cent higher than 12 months ago and 10.2 per cent higher than five years ago.

Cairns contracted this quarter, falling by 4.1 per cent, however it is 3.3 per cent higher than 12 months ago and 9.6 per cent higher than five years ago. With considerable infrastructure works and development activity under way in Cairns, our view is that this quarterly result does not foreshadow a broader trend.

UNIT MARKET

The overwhelming question on everyone’s lips when talking about the apartment market is, “Is Brisbane’s apartment market in oversupply yet?”.

There is a significant level of apartment stock scheduled to reach the market in the latter half of 2016 and throughout 2017, however, some developers have reportedly held back projects and this will help smooth out supply levels.

While the Brisbane apartment market contracted marginally, 0.9 per cent, it is still 1.2 per cent stronger than 12 months ago and 6.7 per cent stronger than five years ago.

The inner city vacancy rate edged up slightly in the March quarter however, at 3.3 per cent remains within the healthy range and indicates demand for apartments and inner city living is steady.

Throughout the rest of the state the apartment market was patchy. Small levels of growth this quarter for Toowoomba, Sunshine Coast, and Fraser Coast, were offset by falls in the Gold Coast, Bundaberg, Mackay, Townsville and Cairns.

Rockhampton held reasonably steady, all things considered, falling just 0.2 per cent and still hanging onto positive territory in the five-year figures, at 10.6 per cent higher.

Gladstone returned an unusual figure of 30.1 per cent growth, but this is a reflection of several factors, including very little activity in the December quarter, along with the type of stock being sold in the March quarter – most likely more three-bedroom units compared with mostly two-bed units in December. This data is not indicative of any market changes, but is rather, an outlier.

Toowoomba was the star performer in the apartment market for the March report, with solid growth in the quarterly (2.4 per cent), annual (3.7 per cent) and five-year (26.5 per cent) figures.

RENTAL MARKET

Pressure on good rental accommodation on the Gold and Sunshine coasts has predictably pushed rents up, with the Gold Coast rising by around $20 a week this quarter across three-bedroom houses, two-bedroom units and three-bedroom townhouses.

As with the sales markets, regional Queensland is seeing rents drop, with Gladstone being the hardest hit, dropping by $50 a week for a three-bed house, $60 a week for a two-bed unit and $100 a week for a three-bed townhouse. Local agents are reporting that they are having very challenging conversations with landlords on how much to reduce rents by and whether to offer rental incentives.

Mackay and Townsville were close behind, losing around $30 a week in Mackay on rents and $15- $20 a week in Townsville.

The rental market is the most sensitive and very closely aligned to the jobs market. It is also the market that suffers the most when rates are low and people jump out of renting and into home ownership.

FALLING

STEADY

STABILISING RECOVERING

STEADY

RISING

QUEENSLAND HOUSE MARKETS March Qtr 2016

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

Source: REIQ Based on the last 4 quarters median sale price change

Mackay Gladstone Rockhampton Townsville

Bundaberg

Fraser Coast Toowoomba

FALLING

STEADY


STEADY

RISING

QUEENSLAND UNITS MARKETS March Qtr 2016

Source: REIQ Based on the last 4 quarters median sale price change Source: REIQ Based on the last 4 quarters median sale price change Source: REIQ Based on the last 4 quarters median sale price change

Fraser Coast

Sunshine Coast (SD) Gold Coast Toowoomba Cairns

Mackay Rockhampton Gladstone Townsville

Brisbane (SD)

Bundaberg

FALLING

STEADY


STEADY

RISING

QUEENSLAND HOUSE MARKETS March Qtr 2016

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


Mackay Gladstone Rockhampton Townsville

Bundaberg

Fraser Coast Toowoomba

FALLING

STEADY


STEADY

RISING

QUEENSLAND UNITS MARKETS March Qtr 2016

Source: REIQ Based on the last 4 quarters median sale price change Source: REIQ Based on the last 4 quarters median sale price change Source: REIQ Based on the last 4 quarters median sale price change

Fraser Coast

Sunshine Coast (SD) Gold Coast Toowoomba Cairns

Mackay Rockhampton Gladstone Townsville

Brisbane (SD)

Bundaberg

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STATE-WIDE SUMMARY

MARCH QUARTER 2016


STATE-WIDE SUMMARY

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

LGA MEDIAN SALE PRICE QTRLY CHANGE MEDIAN SALE PRICE QTRLY CHANGE MEDIAN SALE PRICE QTRLY CHANGE

GREATER BRISBANE

BRISBANE SD $480,000 -4.0% $395,000 -1.3% $225,000 2.7%

BRISBANE $620,000 -2.4% $431,075 -0.9% $362,500 0.0%

IPSWICH $321,500 -0.2% $237,000 -21.0% $191,000 5.0%

LOGAN $370,000 0.5% $245,000 -3.5% $207,444 7.8%

MORETON BAY $415,000 -1.2% $310,000 -7.2% $235,800 1.3%

REDLAND $499,000 1.9% $370,000 -0.7% N/D N/D

TOURISM CENTRES

GOLD COAST $557,500 0.5% $375,000 -0.3% $239,900 0.0%

SUNSHINE COAST SD $515,000 1.0% $385,000 0.7% $242,000 -9.2%

SUNSHINE COAST $510,000 1.0% $370,000 -0.5% $230,000 -11.5%

NOOSA $547,500 -2.6% $450,000 -2.2% N/A N/A

FRASER COAST $295,000 0.0% $254,750 6.2% $145,000 -3.0%

CAIRNS $386,000 -4.1% $223,500 -4.9% $200,800 -4.8%

REGIONAL CENTRES

BUNDABERG $276,000 0.4% $246,000 -8.9% $148,000 -1.3%

GLADSTONE $345,000 -1.4% $302,500 30.1% N/A N/A

MACKAY $332,500 -1.9% $220,000 -12.0% $175,000 3.7%

ROCKHAMPTON $270,000 -3.6% $264,500 -0.2% N/A N/A

TOOWOOMBA $352,250 -1.6% $315,000 2.4% $169,000 -1.0%

TOWNSVILLE $330,000 -8.3% $260,000 -15.0% $167,750 6.9%

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

LGA TOTAL LISTINGS

STOCK ON

MARKET

DAYS ON MARKET

VENDOR DISCOUNT

TOTAL LISTINGS

STOCK ON

MARKET

DAYS ON MARKET

VENDOR DISCOUNT

GREATER BRISBANE

BRISBANE SD 44,647 7.0% 67 -5.5% 14,624 7.7% 76 -5.0%

BRISBANE 19,782 6.5% 57 -5.5% 9,971 7.0% 69 -4.7%

IPSWICH 4,397 7.1% 82 -6.1% 501 9.8% 107 -6.9%LOGAN 6,717 7.6% 70 -5.2% 1,455 10.2% 87 -5.5%MORETON BAY 9,728 7.5% 71 -5.1% 2,015 9.0% 102 -5.8%REDLAND 4,023 8.0% 75 -5.6% 682 9.5% 88 -5.2%TOURISM CENTRESGOLD COAST 10,043 8.0% 68 -5.4% 11,247 9.2% 88 -5.7%SUNSHINE COAST SD 8,702 8.5% 89 -5.8% 4,671 9.5% 107 -6.2%SUNSHINE COAST 6,923 8.4% 85 -5.6% 3,649 9.5% 104 -6.1%NOOSA 1,779 9.2% 107 -6.6% 1,022 9.7% 117 -6.5%FRASER COAST 3,609 9.7% 115 -7.8% 591 12.7% 127 -7.6%CAIRNS 3,582 7.9% 72 -6.4% 2,105 9.7% 89 -7.2%REGIONAL QLDBUNDABERG 2,913 8.7% 103 -7.9% 421 11.5% 123 -8.0%GLADSTONE 1,516 6.9% 99 -10.2% 246 6.4% 131 -10.9%MACKAY 2,586 6.8% 107 -12.2% 474 7.5% 118 -15.1%ROCKHAMPTON 2,247 8.1% 104 -9.8% 182 7.9% 111 -7.2%TOOWOOMBA 4,217 8.5% 72 -5.9% 623 8.3% 90 -4.7%TOWNSVILLE 4,109 6.9% 96 -9.2% 1,201 9.7% 112 -9.3%

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

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

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

7

STATE-WIDE SUMMARY

MARCH QUARTER 2016

FOR FULL ON THE MARKET AND RENTAL MARKET STATISTICS BY LOCAL GOVERNMENT AREA, SEE PAGE 48-49

VACANCY RATES

LGA/REGION MAR-16 TRENDGREATER BRISBANEBRISBANE SD 2.6% STEADYBRISBANE 3.0% STEADYIPSWICH 1.8% DOWNLOGAN 2.1% DOWNMORETON BAY 2.2% STEADYREDLAND 1.7% STEADYTOURISM CENTRESGOLD COAST 1.5% UPSUNSHINE COAST SD 1.5% STEADYSUNSHINE COAST 1.5% STEADYNOOSA 1.4% UPFRASER COAST 3.2% DOWNCAIRNS 2.1% DOWNREGIONAL QLDBUNDABERG 5.2% UPGLADSTONE 11.3% UPMACKAY 8.1% DOWNROCKHAMPTON 6.9% UPTOOWOOMBA 3.0% STEADYTOWNSVILLE 6.0% DOWN

See page 50 for full vacancy rate data

* change greater than $20 (rents) or 0.5 pts (yields)N/A Not Available

RENTAL TRENDS MEDIAN WEEKLY RENT GROSS RENTAL YIELDS

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

GREATER BRISBANE QUARTERLY TREND

QUARTERLY TREND

QUARTERLY TREND

QUARTERLY TREND

QUARTERLY TREND

BRISBANE $435 UP $410 UP $425 UP 3.6% STEADY 4.9% STEADYIPSWICH $310 UP $260 STEADY $320 UP 5.0% STEADY 5.7% UP*LOGAN $340 DOWN $270 STEADY $340 STEADY 4.8% STEADY 5.7% STEADYMORETON BAY $350 STEADY $285 UP $345 UP 4.4% STEADY 4.8% UPREDLAND $390 STEADY $350 UP $395 DOWN 4.1% STEADY 4.9% STEADYTOURISM CENTRESGOLD COAST $460 UP $395 UP $405 DOWN 4.3% STEADY 5.5% STEADYSUNSHINE COAST $430 UP $340 DOWN $410 UP 4.4% STEADY 4.8% STEADYNOOSA $450 STEADY $390 UP* $520 UP* 4.3% STEADY 4.5% STEADYFRASER COAST $290 STEADY $250 UP $310 DOWN* 5.1% STEADY 5.1% DOWN*CAIRNS $360 DOWN $290 STEADY $350 STEADY 4.8% STEADY 6.7% STEADYREGIONAL QLDBUNDABERG $280 STEADY $230 STEADY $285 DOWN 5.3% STEADY 4.9% STEADYGLADSTONE $250 DOWN $190 DOWN $250 DOWN* 3.8% STEADY 3.3% N/AMACKAY $285 UP $200 STEADY $300 UP 4.5% STEADY 4.7% UP*ROCKHAMPTON $295 UP $220 STEADY $340 UP* 5.7% STEADY 4.3% N/ATOOWOOMBA $300 STEADY $250 UP $330 UP 4.4% STEADY 4.1% STEADYTOWNSVILLE $310 STEADY $260 STEADY $340 UP* 4.9% STEADY 5.2% UP*

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BRISBANE MARKET UPDATES

BRISBANE CITYThe March preliminary data reveals a small slip of 2.4 per cent in the quarterly median sale price for houses in Brisbane City (LGA), dropping to $620,000.

This slip ends Brisbane’s record 14 consecutive quarters of growth, although it doesn’t necessarily represent a cooling of the market. The quarter-to-quarter data is volatile and relying on preliminary figures is not the most accurate picture of the real estate market.

A more reliable data snapshot is the annualised figure, and this reveals a median sale price of $625,000, which is 6.1 per cent higher than 12 months ago.

Brisbane’s real estate market continues to attract interest from interstate and overseas investors. However, there was growing speculation that an oversupply in the inner-city apartment market was on the horizon and moving closer. As the quarter came to a close news was revealed that some developers were holding back projects that had been approved. Some experts suggested up to a third of inner-city projects that had development approval was being held back. Time will tell how much this will impact on supply and demand market forces.

The busiest price point for housing this quarter was the $500,000 - $1 million bracket, although volumes were down significantly on September 2015 and December 2015 quarters. The March quarter revealed just 1751 transactions in this price point, compared with 2797 last quarter and 2860 in the September quarter.

HOUSE MARKET

The small slip in Brisbane’s quarterly median sale price, by 2.4 per cent, to $620,000 may be seen by some as a sign that the market is cooling. However, the REIQ is of the view that one swallow does not a summer make. In other words, one quarterly blip is not a trend and we will wait for the June quarter data to find more evidence of a trend.

Some suburbs, such as Clayfield and Wilston, that edged their way into the million-dollar suburb list last quarter, have slipped out this quarter, and this is further evidence of the volatility of quarter-to-quarter data.

Mainstay suburbs such as Hamilton, Hawthorne, Ascot, Brookfield, Highgate Hill, New Farm, St Lucia, Teneriffe, West End and Bulimba have all retained their positions as million-dollar suburbs.

UNIT MARKET

Brisbane’s apartment market slipped slightly in volume and median sale price, dropping just 0.9 per cent in the median price, to $431,075 for the quarter, with 1724 transactions (compared with 1818 transactions last quarter).

The top five busiest suburbs for unit sales were the CBD with 121 sales, Kangaroo Point with 50 sales, Toowong with 49 sales, Clayfield with 43 sales and New Farm with 42 sales.

Local agents continue to report steady levels of interest and claim that reports of a cooling in the inner city apartment market are exaggerated.

As it has been with the house market, units have been slightly quieter, although it’s likely an effect of some negative gearing debate in the media, with politicians testing the waters and discussing potential changes to the negative gearing provisions, throughout the quarter. It wasn’t until late April that the Labor Party formally announced a policy change on negative gearing, but the continued debate has made investors nervous.

RENTAL MARKET

The rental market in Brisbane has been busy, with volumes of new bonds up and rents holding steady.

This market continues to be impacted by low interest rates and this often triggers a break-lease situation as a tenant in a rental property takes advantage of the affordable housing opportunities and low interest rates to get into the home ownership market.

However, despite this pressure, the market is bearing up remarkably well. Compared with a year ago, bonds are up and rents are steady, or in some markets up marginally.

Brisbane's real estate market continues to attract interest from interstate and overseas investors.

9 MARCH QUARTER 2016


BRISBANE (LGA) 2838 $620,000 -2.4% $625,000 6.1% 17.9% $530,000

BRISBANE (LGA) ^ 70 $937,500 1.9% $971,500 -0.9% -0.1% $972,500

ACACIA RIDGE 28 $393,750 3.6% $370,000 6.1% 12.8% $328,000

ALBION 7 N/A N/A $725,250 4.2% 20.9% $600,000

ALDERLEY 13 N/A N/A $731,300 4.5% 17.0% $625,000

ALGESTER 25 $483,000 -1.3% $490,500 6.4% 18.2% $415,000

ANNERLEY 18 N/A N/A $665,000 0.0% 11.8% $595,000

ASCOT 20 $1,100,000 -21.4% $1,250,000 -4.6% 14.7% $1,090,000

ASHGROVE 28 $940,000 14.3% $855,000 4.3% 23.9% $690,000

ASPLEY 36 $570,000 -5.0% $565,000 6.6% 21.5% $465,000

AUCHENFLOWER 12 N/A N/A $883,000 0.6% 9.9% $803,500

BALD HILLS 27 $410,000 1.0% $405,000 5.2% 5.6% $383,500

BALMORAL 8 N/A N/A $945,000 3.3% 21.2% $780,000

BANYO 12 N/A N/A $505,000 17.2% 18.8% $425,000

BARDON 29 $790,000 -8.9% $820,000 -2.3% 8.6% $755,000

BELLBOWRIE 17 N/A N/A $500,000 7.5% 5.3% $475,000

BELMONT 5 N/A N/A $630,000 7.7% 2.4% $615,000

BOONDALL 25 $450,000 -2.2% $457,500 6.4% 8.9% $420,000

BRACKEN RIDGE 50 $480,000 7.6% $455,500 6.4% 9.8% $415,000

BRIDGEMAN DOWNS 26 $770,000 14.5% $750,000 7.1% 7.9% $695,000

BRIGHTON 35 $465,000 -1.4% $466,000 5.9% 16.5% $400,000

BROOKFIELD ^ 3 N/A N/A $1,200,000 -5.4% 10.6% $1,085,000

BULIMBA 20 $1,225,000 3.8% $1,217,500 13.3% 31.6% $925,000

CALAMVALE 33 $639,900 2.0% $627,500 10.1% 24.3% $504,650

CAMP HILL 50 $800,000 5.7% $771,000 5.5% 20.0% $642,250

CANNON HILL 25 $760,000 8.6% $730,000 12.3% 30.9% $557,500

CARINA 25 $606,000 -3.8% $620,000 10.5% 22.8% $505,000

CARINA HEIGHTS 7 N/A N/A $600,000 1.3% 23.7% $485,000

CARINDALE 40 $815,000 -6.9% $810,000 14.1% 16.5% $695,000

CARSELDINE 19 N/A N/A $583,750 2.9% 14.5% $510,000

CHAPEL HILL 28 $767,500 4.9% $739,944 8.5% 13.8% $650,000

CHELMER 18 N/A N/A $985,000 0.4% 9.4% $900,000

CHERMSIDE 9 N/A N/A $538,000 -7.4% 20.1% $448,000

CHERMSIDE WEST 17 N/A N/A $530,000 1.9% 13.4% $467,500

CLAYFIELD 26 $855,000 -23.0% $980,000 5.4% 5.1% $932,500

COOPERS PLAINS 15 N/A N/A $525,000 7.1% 19.0% $441,250

COORPAROO 39 $822,500 -6.0% $815,000 10.9% 22.6% $665,000

CORINDA 21 $643,000 1.3% $648,000 -3.0% 10.1% $588,500

DARRA 13 N/A N/A $430,000 26.0% 25.9% $341,500

DEAGON 15 N/A N/A $438,000 6.6% 6.8% $410,000

DOOLANDELLA 13 N/A N/A $440,000 3.2% 0.0% $440,000

DREWVALE 18 N/A N/A $543,500 6.1% 11.6% $487,000

DURACK 11 N/A N/A $388,250 2.2% 6.4% $365,000

EAST BRISBANE 17 N/A N/A $780,000 2.6% 18.2% $660,000

EIGHT MILE PLAINS 28 $740,000 -5.1% $740,000 10.1% 23.3% $600,000

ENOGGERA 8 N/A N/A $625,000 1.8% 10.7% $564,500

EVERTON PARK 23 $575,250 0.1% $555,000 7.8% 11.0% $500,000

FAIRFIELD 7 N/A N/A $617,500 -11.8% 6.5% $580,000

FERNY GROVE 16 N/A N/A $538,000 3.2% 9.2% $492,500

FIG TREE POCKET 10 N/A N/A $890,000 4.9% 6.0% $839,500

FITZGIBBON 14 N/A N/A $430,000 1.2% 3.6% $415,000

FOREST LAKE 93 $423,500 -3.8% $420,000 5.1% 6.3% $395,000

GAYTHORNE 6 N/A N/A $605,000 -6.2% 34.4% $450,000

GEEBUNG 18 N/A N/A $495,000 7.6% 13.8% $435,000

GORDON PARK 13 N/A N/A $745,000 5.7% 26.8% $587,500

GRACEVILLE 15 N/A N/A $797,500 13.4% 15.6% $690,000

GRANGE 13 N/A N/A $905,000 16.0% 40.1% $646,000

GREENSLOPES 24 $765,500 -11.5% $732,500 8.9% 25.2% $585,000

HAMILTON 7 N/A N/A $1,115,000 -0.7% 5.7% $1,055,000

HAWTHORNE 14 N/A N/A $1,055,000 -4.1% 42.0% $742,750

HEATHWOOD 7 N/A N/A $552,500 2.4% 1.2% $546,000

HEMMANT 10 N/A N/A $432,750 2.9% 1.8% $425,000

HENDRA 19 N/A N/A $950,000 13.1% 18.8% $800,000

HIGHGATE HILL 7 N/A N/A $1,022,500 -6.4% 29.4% $790,000

HOLLAND PARK 24 $635,000 -4.9% $650,000 3.6% 22.9% $529,000

HOLLAND PARK WEST 18 N/A N/A $670,000 11.7% 15.5% $580,000

INALA 39 $350,600 1.6% $340,000 9.7% 15.3% $295,000

INDOOROOPILLY 18 N/A N/A $847,000 7.6% 22.3% $692,500

JAMBOREE HEIGHTS 16 N/A N/A $442,000 -1.1% 7.9% $409,500

JINDALEE 15 N/A N/A $527,500 5.5% 3.7% $508,500

KALINGA 7 N/A N/A $927,500 21.6% 9.8% $845,000

KANGAROO POINT 6 N/A N/A $950,000 25.8% 22.6% $775,000

KARANA DOWNS 6 N/A N/A $415,500 6.3% 3.2% $402,500

KARANA DOWNS ^ 8 N/A N/A $526,250 7.1% 9.9% $479,000

KEDRON 21 $630,000 0.0% $612,500 -1.5% 12.2% $546,000

KELVIN GROVE 16 N/A N/A $723,500 1.2% 11.3% $650,000

KENMORE 28 $640,000 0.8% $620,000 7.8% 12.8% $549,500

KENMORE HILLS 5 N/A N/A $757,500 4.5% 12.4% $674,000

KEPERRA 29 $490,000 2.1% $475,500 2.9% 8.2% $439,500

KURABY 20 $599,000 -9.6% $625,000 7.8% 18.5% $527,500

LOTA 16 N/A N/A $618,000 13.2% 36.6% $452,500

LUTWYCHE 4 N/A N/A $785,000 8.3% 32.5% $592,500

MACGREGOR 13 N/A N/A $750,000 17.2% 40.2% $535,000

MACKENZIE 6 N/A N/A $755,500 9.3% 16.2% $650,000

MANLY 24 $825,000 4.5% $767,500 8.9% 16.3% $660,000

MANLY WEST 54 $581,000 5.2% $570,000 8.6% 14.0% $500,000

MANSFIELD 26 $660,000 5.6% $610,000 10.5% 20.8% $504,800

MCDOWALL 15 N/A N/A $620,000 4.2% 6.9% $580,000

MIDDLE PARK 14 N/A N/A $580,000 6.4% 8.6% $534,000

MILTON 3 N/A N/A $820,000 -1.5% 19.7% $685,000

MITCHELTON 36 $640,500 2.7% $621,000 10.9% 18.8% $522,888

MOGGILL 19 N/A N/A $532,500 7.6% 11.6% $477,000

MOOROOKA 33 $600,000 5.1% $581,000 3.9% 17.4% $495,000

MORNINGSIDE 15 N/A N/A $695,000 7.1% 16.8% $595,000

MOUNT GRAVATT 10 N/A N/A $625,000 8.7% 30.2% $480,000

MOUNT GRAVATT EAST 44 $564,000 -9.8% $590,000 7.3% 24.9% $472,500

MOUNT OMMANEY 2 N/A N/A $822,500 6.0% -0.9% $830,000

MURARRIE 12 N/A N/A $625,000 7.3% 28.9% $485,000

NEW FARM 9 N/A N/A $1,500,000 14.9% 26.6% $1,185,000

NEWMARKET 6 N/A N/A $790,000 5.1% 10.5% $715,000

NORMAN PARK 21 $900,000 8.8% $797,000 3.8% 19.0% $670,000

NORTHGATE 13 N/A N/A $615,000 -0.8% 30.9% $470,000

NUDGEE 8 N/A N/A $560,500 -1.7% 14.2% $491,000

NUNDAH 20 $562,500 -15.0% $685,000 3.0% 19.1% $575,000

OXLEY 25 $515,000 -4.5% $512,500 3.5% 14.7% $447,000

PADDINGTON 28 $945,000 3.3% $947,500 8.6% 17.0% $810,000

PARKINSON 24 $632,000 -0.8% $621,800 7.9% 18.4% $525,000

PULLENVALE ^ 11 N/A N/A $985,000 5.4% -12.9% $1,131,250

RED HILL 19 N/A N/A $805,000 4.2% 22.9% $655,000

RICHLANDS 3 N/A N/A $432,000 7.6% 6.5% $405,500

RIVERHILLS 12 N/A N/A $455,000 2.8% 3.6% $439,000

ROBERTSON 6 N/A N/A $918,000 19.6% 35.0% $680,000

ROCHEDALE 8 N/A N/A $900,600 2.1% 63.7% $550,000

ROCKLEA 7 N/A N/A $390,000 5.4% 17.7% $331,250

RUNCORN 26 $500,000 -7.1% $525,000 4.4% 22.1% $430,000

SALISBURY 22 $556,000 -0.3% $540,000 7.7% 20.0% $450,000

SANDGATE 14 N/A N/A $608,000 16.9% 15.3% $527,500

SEVEN HILLS 8 N/A N/A $742,750 9.2% 24.3% $597,750

SEVENTEEN MILE ROCKS 4 N/A N/A $642,500 11.3% 19.0% $540,000

SHERWOOD 13 N/A N/A $868,000 8.5% 14.2% $760,000

SHORNCLIFFE 5 N/A N/A $677,500 -6.6% 4.2% $650,000

SINNAMON PARK 11 N/A N/A $609,000 -3.7% -3.3% $630,000

SPRING HILL 4 N/A N/A $905,000 0.0% 13.1% $800,000

ST LUCIA 11 N/A N/A $1,050,000 -6.3% -3.7% $1,090,000

STAFFORD 19 N/A N/A $568,750 4.4% 20.4% $472,500

STAFFORD HEIGHTS 29 $583,500 -1.1% $559,000 7.5% 20.2% $465,000

STRETTON 12 N/A N/A $828,000 11.1% 33.5% $620,000

SUNNYBANK 23 $741,500 0.2% $724,000 13.1% 34.3% $539,000

SUNNYBANK HILLS 32 $668,000 5.5% $658,000 11.9% 32.9% $495,000

TAIGUM 12 N/A N/A $476,000 -2.9% 7.0% $445,000

TARINGA 15 N/A N/A $890,000 10.8% 30.9% $680,000

TARRAGINDI 33 $731,108 4.4% $708,250 9.0% 24.3% $570,000

TENERIFFE 2 N/A N/A $1,400,000 -7.3% 7.1% $1,307,500

TENNYSON 4 N/A N/A $645,000 -20.2% 11.7% $577,500

THE GAP 36 $615,000 -1.4% $620,000 5.6% 12.7% $550,000

TINGALPA 28 $494,000 4.8% $483,500 4.0% 13.2% $427,000

TOOWONG 17 N/A N/A $771,000 2.5% 13.4% $680,000

UPPER KEDRON 13 N/A N/A $605,500 7.2% 12.1% $540,000

SALES MARKET - HOUSES (CONT’D)

SUBURB NO. SALES

MEDIAN SALE

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ANNUAL MEDIAN

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5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

SALES MARKET - HOUSES

SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)



SALES MARKET - UNITS & TOWNHOUSES BRISBANE (LGA) 1724 $431,075 -0.9% $440,000 1.2% 6.7% $412,250

ACACIA RIDGE 5 N/A N/A $348,000 0.0% -18.9% $429,000

ALBION 7 N/A N/A $442,500 6.8% 1.0% $438,000

ALDERLEY 16 N/A N/A $442,500 0.5% 10.6% $400,000

ALGESTER 9 N/A N/A $315,000 1.0% -9.2% $347,000

ANNERLEY 23 $415,000 3.1% $412,500 -1.8% 5.5% $391,000

ASCOT 13 N/A N/A $442,000 1.6% 7.8% $410,000

ASHGROVE 12 N/A N/A $457,500 -10.3% 15.1% $397,500

ASPLEY 5 N/A N/A $387,500 3.3% 5.5% $367,250

AUCHENFLOWER 21 $432,500 -3.4% $468,750 2.4% 7.8% $435,000

BALMORAL 6 N/A N/A $520,500 3.0% 11.4% $467,115

BANYO 2 N/A N/A $392,750 -21.5% -26.1% $531,500

BARDON 5 N/A N/A $559,000 -4.0% -6.7% $599,000

BOWEN HILLS 8 N/A N/A $429,250 1.0% 1.9% $421,250

BRACKEN RIDGE 4 N/A N/A $350,000 8.9% -2.0% $357,000

BRIDGEMAN DOWNS 7 N/A N/A $449,999 29.9% 21.8% $369,500

BRISBANE CITY 121 $490,000 3.2% $490,000 -1.4% 4.0% $471,000

BULIMBA 18 N/A N/A $599,500 -1.6% 10.9% $540,500

CALAMVALE 26 $395,450 -3.4% $395,000 3.1% 7.6% $367,000

CAMP HILL 8 N/A N/A $443,625 -2.5% -2.5% $455,000

CANNON HILL 6 N/A N/A $440,450 -2.7% 0.7% $437,500

CARINA 21 $443,500 -0.6% $465,000 2.2% 5.7% $440,000

CARINA HEIGHTS 27 $452,500 -3.6% $473,568 0.8% 15.5% $410,000

CARINDALE 3 N/A N/A $497,500 -2.5% 5.1% $473,500

CARSELDINE 10 N/A N/A $383,500 0.1% -0.4% $385,000

CHERMSIDE 35 $400,000 -9.1% $430,250 7.0% -0.9% $434,000

CLAYFIELD 43 $380,000 0.0% $376,300 -4.0% 5.9% $355,500

COOPERS PLAINS 3 N/A N/A $390,000 4.7% -2.3% $399,000

COORPAROO 37 $381,000 -9.7% $405,000 3.9% 7.7% $376,100

CORINDA 5 N/A N/A $415,000 17.6% -3.5% $430,000

DARRA 1 N/A N/A $349,000 6.6% -22.0% $447,500

DOOLANDELLA 2 N/A N/A $357,500 5.5% 5.5% $339,000

EAST BRISBANE 18 N/A N/A $417,000 -3.6% -7.3% $450,000

EIGHT MILE PLAINS 19 N/A N/A $415,000 -1.2% 7.0% $388,000

ELLEN GROVE 13 N/A N/A $353,000 2.0% 7.0% $330,000

ENOGGERA 7 N/A N/A $350,492 -12.5% -8.4% $382,500

UPPER MOUNT GRAVATT 29 $649,000 15.5% $600,000 7.8% 27.7% $470,000

VIRGINIA 13 N/A N/A $546,000 3.4% 26.7% $431,000

WAKERLEY 29 $715,000 -5.3% $715,000 2.1% 16.3% $615,000

WAVELL HEIGHTS 44 $630,000 -2.7% $630,000 2.4% 18.3% $532,500

WEST END 8 N/A N/A $1,075,000 13.5% 36.9% $785,000

WESTLAKE 10 N/A N/A $635,000 4.1% 1.8% $624,000

WILSTON 8 N/A N/A $974,500 13.7% 14.6% $850,000

WINDSOR 16 N/A N/A $770,000 7.8% 14.9% $670,000

WISHART 21 $684,500 -0.1% $678,000 15.4% 29.1% $525,000

WOOLLOONGABBA 10 N/A N/A $780,000 15.5% 18.2% $660,000

WOOLOOWIN 11 N/A N/A $790,000 16.7% 22.4% $645,500

WYNNUM 53 $555,000 -7.5% $600,000 0.0% 15.7% $518,750

WYNNUM WEST 37 $520,000 2.2% $495,000 4.4% 12.9% $438,500

YEERONGPILLY 6 N/A N/A $610,000 -17.0% -13.5% $705,000

YERONGA 5 N/A N/A $742,500 3.9% 8.0% $687,500

ZILLMERE 29 $447,500 -1.7% $448,250 9.3% 18.1% $379,500

EVERTON PARK 17 N/A N/A $395,000 -7.1% 0.0% $395,000

FAIRFIELD 12 N/A N/A $450,000 4.9% 10.0% $409,000

FITZGIBBON 1 N/A N/A $353,000 0.4% -4.0% $367,808

FORTITUDE VALLEY 30 $437,000 1.6% $449,320 -4.5% 7.2% $419,000

GAYTHORNE 14 N/A N/A $441,500 0.3% 16.2% $380,000

GORDON PARK 3 N/A N/A $375,000 -5.2% 4.7% $358,000

GREENSLOPES 22 $381,500 3.1% $385,000 -0.7% 5.8% $363,750

HAMILTON 26 $535,000 -13.0% $596,500 7.8% 27.2% $469,000

HAWTHORNE 13 N/A N/A $557,500 1.4% 31.2% $425,000

HENDRA 6 N/A N/A $575,000 4.6% 11.7% $515,000

HIGHGATE HILL 13 N/A N/A $534,000 4.7% 17.9% $453,000

HOLLAND PARK WEST 5 N/A N/A $425,000 4.9% 16.4% $365,000

INDOOROOPILLY 26 $521,500 10.3% $492,500 -4.4% 10.7% $445,000

KANGAROO POINT 50 $496,250 -8.1% $512,000 3.2% -1.5% $520,000

KEDRON 13 N/A N/A $455,000 7.1% 33.0% $342,000

KELVIN GROVE 25 $470,000 8.7% $476,000 3.5% 10.4% $431,000

LUTWYCHE 19 N/A N/A $475,000 1.5% 20.1% $395,500

MANLY 4 N/A N/A $461,000 -4.0% 9.8% $420,000

MANLY WEST 4 N/A N/A $370,000 -4.2% -3.9% $385,000

MCDOWALL 1 N/A N/A $470,000 17.5% 22.6% $383,500

MILTON 11 N/A N/A $551,000 6.0% -6.6% $590,000

MITCHELTON 7 N/A N/A $427,500 5.0% 9.8% $389,500

MOOROOKA 18 N/A N/A $426,500 6.0% 1.8% $419,000

MORNINGSIDE 30 $480,000 -4.5% $496,250 4.3% 12.8% $440,000

MOUNT GRAVATT 3 N/A N/A $468,750 5.8% 48.8% $315,000

MOUNT GRAVATT EAST 22 $405,000 -10.0% $450,000 1.1% 16.9% $385,000

MURARRIE 9 N/A N/A $540,000 14.1% -25.6% $725,750

NEW FARM 42 $626,250 9.9% $576,000 -1.5% 8.7% $530,000

NEWMARKET 6 N/A N/A $430,000 0.0% -8.3% $468,750

NEWSTEAD 18 N/A N/A $627,000 11.0% -16.3% $749,550

NORMAN PARK 5 N/A N/A $486,000 -7.4% 1.5% $479,000

NORTHGATE 7 N/A N/A $396,250 -3.4% 14.5% $346,000

NUNDAH 38 $417,500 -7.2% $420,000 6.3% 5.0% $400,000

OXLEY 5 N/A N/A $366,250 6.2% -3.0% $377,495

PADDINGTON 10 N/A N/A $551,250 13.7% 30.1% $423,750

RED HILL 6 N/A N/A $430,000 -4.3% 3.6% $415,000

RICHLANDS 7 N/A N/A $346,900 -0.9% -0.9% $350,000

ROCHEDALE 9 N/A N/A $495,000 16.2% 25.2% $395,500

ROCKLEA 5 N/A N/A $434,500 9.7% 11.7% $389,000

RUNCORN 22 $346,500 -2.4% $353,750 6.9% 7.2% $329,944

SALISBURY 7 N/A N/A $445,000 23.6% 12.7% $395,000

SHERWOOD 7 N/A N/A $445,000 -2.2% 11.3% $400,000

SOUTH BRISBANE 34 $471,000 -4.2% $497,000 4.6% 5.1% $473,000

SPRING HILL 30 $416,750 7.7% $410,000 -3.5% 5.1% $390,000

ST LUCIA 36 $426,000 -6.9% $462,500 -7.3% 4.8% $441,500

STAFFORD 6 N/A N/A $440,000 -0.9% 14.3% $385,000

SUNNYBANK HILLS 12 N/A N/A $360,000 1.4% -4.0% $375,000

TAIGUM 21 $325,000 -5.0% $330,000 -14.3% -5.7% $350,000

TARINGA 36 $456,000 8.6% $432,000 -4.0% 5.5% $409,500

TENERIFFE 33 $585,000 -12.7% $590,000 -0.4% 6.7% $552,823

THE GAP 7 N/A N/A $500,000 1.6% 8.7% $460,000

TINGALPA 10 N/A N/A $365,000 -6.4% 1.2% $360,500

TOOWONG 49 $445,000 -3.3% $452,500 0.6% 10.4% $410,000

UPPER MOUNT GRAVATT 16 N/A N/A $410,000 -9.7% -4.9% $431,000


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

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1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

SALES MARKET - UNITS & TOWNHOUSES (CONT’D)

SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

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SALE (5YRS AGO)

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

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WAKERLEY 5 N/A N/A $425,000 3.0% 0.0% $425,000

WEST END 28 $550,000 -3.0% $565,000 -1.7% 10.8% $510,000

WINDSOR 18 N/A N/A $463,500 -2.2% 19.8% $387,000

WISHART 6 N/A N/A $385,000 1.1% 6.8% $360,500

WOOLLOONGABBA 15 N/A N/A $432,500 7.9% 1.8% $425,000

WYNNUM 15 N/A N/A $390,000 -14.5% 6.1% $367,500

WYNNUM WEST 11 N/A N/A $341,500 -1.0% -4.5% $357,500

YERONGA 25 $484,000 -1.0% $489,000 5.2% 17.1% $417,500

YEERONGPILLY 2 N/A N/A $431,350 3.4% -4.1% $450,000

ZILLMERE 18 N/A N/A $363,000 -2.6% -1.9% $370,000

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

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

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


BRISBANE (LGA) 148 $362,500 0.0% $376,000 11.6% 26.4% $297,500

BRISBANE (LGA) ^ 5 N/A N/A $893,500 14.2% 75.5% $509,000

BRIDGEMAN DOWNS 13 N/A N/A $390,000 -1.3% -0.6% $392,500

CARINDALE 2 N/A N/A $493,000 1.7% -13.5% $570,000

FITZGIBBON 13 N/A N/A $177,500 -17.4% -17.4% $214,950

HEATHWOOD 39 $296,000 6.1% $281,000 4.9% 15.1% $244,075

KENMORE 4 N/A N/A $476,000 16.1% 33.3% $357,000

KURABY 1 N/A N/A $345,000 2.3% -6.8% $370,000

ROCHEDALE 9 N/A N/A $443,000 0.7% 11.4% $397,500

UPPER KEDRON 5 N/A N/A $335,500 4.8% 13.7% $295,000

BRISBANE CITY $435 3221 $430 3126

BAYSIDE $420 140 $425 147

4178 LINDUM/LYTTON/WYNNUM $425 79 $420 95

4179 LOTA/MANLY $410 61 $430 52

CITY INNER $560 320 $550 309

4000 BRISBANE CITY/SPRING HILL $580 23 $600 22

4005 NEW FARM/TENERIFFE $595 16 $650 22

4006BOWEN HILLS/ VALLEY/ HERSTON/ NEWSTEAD

$540 20 $550 15

4064 MILTON/ PADDINGTON/ ROSALIE $575 83 $570 73

4066 AUCHENFLOWER/ MTCOOTHA/ TOOWONG $540 49 $515 58

4067 IRONSIDE/ ST LUCIA $560 15 $500 25

4101 HIGHGATE HILL/ SOUTH BRIS/ WEST END $625 41 $560 36

4102 BURANDA/ DUTTON PARK/ WOOLOONGABBA $490 31 $510 19

4169 EAST BRIS/ KANGAROO POINT $540 42 $500 39

NORTH - INNER $480 360 $460 334

4007 ASCOT/ HAMILTON $575 21 $550 26

4010 ALBION/ BREAKFAST CREEK $485 8 $480 13

4011 CLAYFIELD/ HENDRA $500 39 $500 40

4012 NUNDAH/ TOOMBUL/ WAVELL HEIGHTS $450 68 $440 55

4030 LUTWYCHE/ WINDSOR/ WOOLOOWIN $500 77 $480 57

4031 GORDON PARK/ KEDRON $450 53 $450 46

4051ALDERLEY/ ENOGERRA/ GAYTHORNE/GRANGE/ NEWMARKET/ WILSTON

$460 93 $465 95

NORTH - OUTER $400 432 $395 397

4013 NORTHGATE $400 14 $380 16

4014 BANYO/ NUDGEE/ VIRGINIA $400 42 $395 40

4017BRACKEN RIDGE/ BRIGHTON/ DEAGON/ SANDGATE

$390 126 $395 96

4018 FITZGIBBON/ TAIGUM $400 33 $380 25

4032 CHERMSIDE/ CRAIGSLEA $420 67 $395 65

4034 ASPLEY/ BOONDAL/ GEEBUNG/ ZILLMERE $400 128 $400 133

4036 BALD HILLS $365 22 $380 22

NORTH WEST - INNER $525 155 $550 153

4059BALLYMORE/ ITHACA/ KELVIN GROVE/ RED HILL

$540 77 $550 79

4060ASHGROVE/ DORRINGTON/ ST JOHNS WOOD

$475 38 $490 32

4065 BARDON/ JUBILEE/ RAINWORTH $550 40 $530 42

NORTH WEST - OUTER $430 262 $430 262

4053BROOKSIDE/ EVERTON PARK/ MCDOWALL/ STAFFORD

$430 174 $420 152

4054 ARANA HILLS/ KEPERRA $420 54 $430 68

4061 THE GAP $430 34 $460 42

SOUTH - INNER $440 396 $430 380

4103 ANNERLEY/ FAIRFIELD $450 56 $465 58

4104 YERONGA $490 18 $470 11

4105 CLIFTON HILL/ MOOROOKA/ TENNYSON $430 48 $410 43

4120 GREENSLOPES/ STONES CORNER $500 25 $450 30

4121EKIBIN/ HOLLAND PARK/ TARRAGINDI/ WELLERS HILL

$450 91 $430 81

4122 MANSFIELD/ MT GRAVATT/ WISHART $415 157 $400 153

SOUTH - OUTER $390 327 $390 298

4106 BRISBANE MARKET/ ROCKLEA $400 9 $360 10

4107 SALISBURY $390 26 $380 24

4108 ARCHERFIELD/ COOPERS PLAINS $380 33 $400 23

4109ALTANDI/ MACGREGOR/ ROBERTSON/ SUNNYBANK

$410 97 $395 102

4110 ACACIA RIDGE/ LARAPINTA/ WILLAWONG $350 50 $340 39

4112 KURABY $355 11 $370 7

4113 EIGHT MILES PLAINS/ RUNCORN $390 71 $395 47

4115 ALGESTER/ PARKINSON $400 17 $390 30

4116 CALAMVALE/ DREWVALE/ STRETTON $420 13 $400 16

SOUTH EAST - INNER $470 317 $470 321

4151 COORPAROO $460 32 $455 58

4152 CAMP HILL/ CARINA/ CARINDALE $450 130 $450 113

4170CANNON HILL/ MORNINGSIDE/ NORMAN PARK

$470 100 $485 96

4171 BALMORAL/ BULIMBA/ HAWTHORNE $530 45 $540 34

4172 MURARRIE $410 10 $425 20

SOUTH EAST - OUTER $410 37 $420 39

4153 BELMONT N.A. 4 N/A 3

4154 GUMDALE/ RANSOME/ WAKERLEY $400 8 $480 7

4173 TINGALPA $410 19 $420 19

4174 DOBOY/ HEMANT $395 6 $420 7

SOUTH WEST - INNER $450 150 $460 139

4068 CHELMER/ INDOOROOPILLY/ TARINGA $480 74 $485 66

4075 CORINDA/ GRACEVILLE/ OXLEY/ SHERWOOD $430 76 $430 73

SOUTH WEST - OUTER $365 325 $365 347

4069 BROOKFIELD/ CHAPEL HILL/ KENMORE $460 52 $465 49

4070 ANSTEAD/ BELLBOWRIE/ MOGGILL $480 5 $400 8

4073 SEVENTEEN MILE ROCKS/ SINNAMON PARK $420 12 $425 22

4074JINDALEE/ MTOMMANEY/ SUMNER/ WESTLAKE

$400 69 $400 59

4076 DARRA/ WACOL $340 28 $340 34

4077 DOOLANDELLA/ DURACK/ INALA/ RICHLANDS $330 64 $320 68

4078 FOREST LAKE/ CAROLE PARK $355 95 $360 107


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

SALES MARKET - VACANT LAND

SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)



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


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


BRISBANE CITY $425 1947 $415 1896

BAYSIDE $410 68 $400 63

4178 LINDUM/ LYTTON/ WYNNUM $410 44 $400 39

4179 LOTA/ MANLY $415 24 $410 24

CITY INNER $570 111 $580 97

4000 BRISBANE CITY/ SPRING HILL $705 5 N.A. 3

4005 NEW FARM/ TENERIFFE $595 5 $700 5


$520 19 $560 8






NORTH - INNER $495 147 $490 141

4007 ASCOT/ HAMILTON $600 10 $565 16





4051ALDERLEY/ ENOGERRA/ GAYTHORNE/ GRANGE/ NEWMARKET/ WILSTON

$480 44 $485 44

NORTH - OUTER $395 230 $395 232

4013 NORTHGATE $460 8 $410 12


$375 41 $375 57




4036 BALD HILLS $365 15 $286 10

NORTH WEST - INNER $510 21 $550 26


$500 10 $550 16


$450 6 $500 6

4065 BARDON/ JUBILEE/ RAINWORTH $530 5 N/A 4

NORTH WEST - OUTER $440 95 $430 92


$440 75 $430 77

4054 ARANA HILLS/ KEPERRA $385 5 $385 9

4061 THE GAP $530 15 $480 6

SOUTH - INNER $450 199 $435 185


4104 YERONGA $500 21 $450 22



4121EKIBIN/HOLLAND PARK/ TARRAGINDI/ WELLERS HILL

$430 17 $425 14


SOUTH - OUTER $400 390 $395 428

4107 SALISBURY $440 8 $480 15


$420 66 $410 81

4110 ACACIA RIDGE/ LARAPINTA/ WILLAWONG $350 17 $340 29

4112 KURABY $375 23 $375 34


4115 ALGESTER/ PARKINSON $375 27 $375 33

4116 CALAMVALE/ DREWVALE/ STRETTON $390 118 $385 83

SOUTH EAST - INNER $485 293 $485 243

4151 COORPAROO $520 31 $500 19

4152 CAMP HILL/ CARINA/ CARINDALE $450 136 $450 117


$495 83 $500 68


4172 MURARRIE $490 12 $500 13


4153 BELMONT $430 11 $430 11

4154 GUMDALE/ RANSOME/ WAKERLEY $420 24 $415 32

4173 TINGALPA $395 20 $390 15

SOUTH WEST - INNER $470 98 $465 107


4075CORINDA/ GRACEVILLE/ OXLEY/ SHERWOOD

$400 52 $400 64

BRISBANE CITY $410 5849 $410 5725

BAYSIDE $350 48 $350 37

4178 LINDUM/ LYTTON/ WYNNUM $350 34 $360 27

4179 LOTA/ MANLY $330 14 $345 10

CITY INNER $485 2361 $490 2368

4000 BRISBANE CITY/ SPRING HILL $550 344 $600 339

4005 NEW FARM/ TENERIFFE $520 249 $500 287


$480 352 $495 387





4102 BURANDA/ DUTTON PARK/ WOOLOONGABBA $460 81 $480 80


NORTH - INNER $375 1115 $370 1184

4007 ASCOT/ HAMILTON $410 189 $420 198

4010 ALBION/ BREAKFAST CREEK $395 36 $410 61





4051ALDERLEY/ ENOGERRA/ GAYTHORNE/ GRANGE/ NEWMARKET/ WILSTON

$370 156 $360 195

NORTH - OUTER $360 326 $350 280

4013 NORTHGATE $360 34 $335 36

4014 BANYO/ NUDGEE/ VIRGINIA $290 6 $380 5


$340 22 $300 15




NORTH WEST - INNER $440 303 $455 279


$470 212 $500 202


$410 69 $410 65

4065 BARDON/ JUBILEE/ RAINWORTH $450 22 $330 12

NORTH WEST - OUTER $385 138 $365 109


$385 137 $365 108

SOUTH - INNER $375 579 $360 514


4104 YERONGA $353 50 $350 43



4121EKIBIN/HOLLAND PARK/ TARRAGINDI/ WELLERS HILL

$350 41 $340 39


SOUTH - OUTER $335 61 $315 82

4106 BRISBANE MARKET/ ROCKLEA $290 5 $295 5

4108 ARCHERFIELD/ COOPERS PLAINS $290 7 N/A 4


$400 30 $380 42


4115 ALGESTER/ PARKINSON N.A. 4 $285 15

SOUTH EAST - INNER $385 479 $380 499

4151 COORPAROO $365 187 $360 200

4152 CAMP HILL/ CARINA/CARINDALE $370 59 $370 60


$395 115 $400 122



4173 TINGALPA $290 6 $325 7

SOUTH WEST - INNER $395 402 $390 349


4075 CORINDA/ GRACEVILLE/ OXLEY/ SHERWOOD $360 64 $390 51

SOUTH WEST - OUTER $325 31 $330 17

4069 BROOKFIELD/ CHAPEL HILL/ KENMORE 310 6 330 7

4074JINDALEE/ MTOMMANEY/ SUMNER/WESTLAKE

350 5 N/A 1

4076 DARRA/ WACOL 275 7 N/A 1

4078 FOREST LAKE/ CAROLE PARK 330 8 340 7



SOUTH WEST - OUTER $360 237 $365 222

4069 BROOKFIELD/ CHAPEL HILL/ KENMORE $550 5 N/A 3

4073SEVENTEEN MILE ROCKS/ SINNAMON PARK

$410 16 $420 9

4074JINDALEE/ MTOMMANEY/ SUMNER/WESTLAKE

$405 15 $440 22

4076 DARRA/ WACOL $385 22 $375 37

4077DOOLANDELLA/ DURACK/ INALA/ RICHLANDS

$350 152 $355 120

4078 FOREST LAKE/ CAROLE PARK $365 26 $350 31

RENTAL MARKET - 3 BED TOWNHOUSES (CONT’D)POST MAR-16 MAR-15


33

145

165 161

51

96

137

73

13

50

71

19

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

BRISBANE LAND SALES

Sep-15 Dec-15 Mar-16 *

*Preliminary data

1,266

461

70 46

924

331

45 37

413

192

35 17

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

BRISBANE SURROUNDS LAND SALES Sep-15 Dec-15 Mar-16 *

*Preliminary data

431

137

39 17 17

293

118

23 21 19

89

25 17 7 7

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

GOLD COAST LAND SALES


*Preliminary data

171

8 3

109

8 5

35

3 9

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

TOOWOOMBA LAND SALES Sep-15 Dec-15 Mar-16 *

*Preliminary data

196 213

65

30 6

113

147

48

22 12

76

51

24 8 2

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

SUNSHINE COAST & NOOSA LAND SALES


*Preliminary data

150

3 5

114

5 3

87

2 1

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

FRASER COAST LAND SALES Sep-15 Dec-15 Mar-16 *

*Preliminary data

86

1 2

59

6 3

39

0 1

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

BUNDABERG LAND SALES Sep-15 Dec-15 Mar-16 *

*Preliminary data

25

5

2

17

0 2

13

0 0

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

GLADSTONE LAND SALES Sep-15 Dec-15 Mar-16 *

*Preliminary data

96

7 1

89

2 3

39

2 0

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

ROCKHAMPTON & LIVINGSTONE LAND SALES Sep-15 Dec-15 Mar-16 *

*Preliminary data

45

5 2

32

7

2

24

1 1

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

MACKAY LAND SALES Sep-15 Dec-15 Mar-16 *

*Preliminary data

173

13 5

109

8 9

36

3 3

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

TOWNSVILLE LAND SALES Sep-15 Dec-15 Mar-16 *

*Preliminary data

142

30

12

112

30

9

66

11 5

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

CAIRNS & DOUGLAS LAND SALES Sep-15 Dec-15 Mar-16 *

*Preliminary data

112

511

1,612

920

114 56

450

1,294

743

92 60

285

785

490

50

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

BRISBANE UNIT SALES


*Preliminary data

336

448 431

120

11

282

393

286

88

11

203

266

147

60

6

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

BRISBANE SURROUNDS UNIT SALES Sep-15 Dec-15 Mar-16 *

*Preliminary data

411

1,002 913

715

163

322

843 831

630

146 189

590 580

431

103

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

GOLD COAST UNIT SALES


*Preliminary data

35

92

28

7

26

62

27

8

24

50

17

8

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

TOOWOOMBA UNIT SALES Sep-15 Dec-15 Mar-16 *

*Preliminary data

103

288

330

211

42

125

271 283

233

45

80

189

228

159

28

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

SUNSHINE COAST & NOOSA UNIT SALES


*Preliminary data

56

24

7 4

42

27

6 2

29

19

8

2

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

FRASER COAST UNIT SALES Sep-15 Dec-15 Mar-16 *

*Preliminary data

21 22

5 3

22 22

6

2

25

18

3 1

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

BUNDABERG UNIT SALES Sep-15 Dec-15 Mar-16 *

*Preliminary data

7

5

9

3

14

6

4

2

7

5 5 5

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

GLADSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *

*Preliminary data

9

11

19

9

16 17

9

14

19

13

7

1

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

ROCKHAMPTON & LIVINGSTONE UNIT SALES Sep-15 Dec-15 Mar-16 *

*Preliminary data

15

11

3 3

22

8

14

5

15

5 4

0

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

MACKAY UNIT SALES Sep-15 Dec-15 Mar-16 *

*Preliminary data

63

37

23 20

52

43 37

17

44

34

14

3

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

TOWNSVILLE UNIT SALES Sep-15 Dec-15 Mar-16 *

*Preliminary data

291

101

67 50

11

247

91

55 39

9

167

44 34 27 3

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

CAIRNS & DOUGLAS UNIT SALES Sep-15 Dec-15 Mar-16 *

*Preliminary data

150

940

2,860

512

121

788

2,797

540

89

580

1,751

277

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

BRISBANE HOUSE SALES


*Preliminary data Houses<2,400m

1,723

2,076

939

46

1,405

1,917

918

38

1,077

1,476

715

25

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

BRISBANE SURROUNDS HOUSE SALES Sep-15 Dec-15 Mar-16 *


37

750

1,064

198

30

588

985

176

41

471

739

141

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

GOLD COAST HOUSE SALES



307

252

82

272 242

85

192 162

46

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

TOOWOOMBA HOUSE SALES Sep-15 Dec-15 Mar-16 *


109

604

707

80 95

532

630

87 71

373

503

48

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

SUNSHINE COAST & NOOSA HOUSE SALES



286

136

18

302

96

18

214

62

14

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

FRASER COAST HOUSE SALES Sep-15 Dec-15 Mar-16 *


230

58

12

198

62

15

136

42

3

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

BUNDABERG HOUSE SALES Sep-15 Dec-15 Mar-16 *


68

54

13

58

44

17

38

28

7

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

GLADSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *


195

94

18

202

76

34

168

59

27

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

ROCKHAMPTON & LIVINGSTONE HOUSE SALES Sep-15 Dec-15 Mar-16 *


107 95

25

130

85

28

92

64

13

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

MACKAY HOUSE SALES Sep-15 Dec-15 Mar-16 *


308

223

66

266

224

81

221

134

44

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

TOWNSVILLE HOUSE SALES Sep-15 Dec-15 Mar-16 *

*Preliminary data

201

338

178 159

312

150 155

213

97

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

CAIRNS & DOUGLAS HOUSE SALES Sep-15 Dec-15 Mar-16 *




GREATER BRISBANE

The Brisbane Statistical Division reported a moderate increase in the house median sale price over the past 12 months to March 2016. Units, on the other hand, reported a slight reduction over the year of about 0.7 per cent.

Over the March quarter, the house median sale price for Greater Brisbane reduced by four per cent from$500,000 to $480,000, while the unit median sale price reduced by 1.3 per cent from $400,000 to $395,000. This reduction resulted from an extension in the cyclical market contraction post-Christmas.

Greater Brisbane is an attractive residential property market for interstate and international investors with gross rental yields sitting between 4-5.7 per cent depending on the location and property features and vacancy rates sitting generally below 2.5 per cent. Affordability along with location just a few kilometres away from the third capital city in Australia continues to attract buyer interest.

Overall, the performance of the house residential market in Greater Brisbane remains positive showing a moderate and gradual increase of 7.8 per cent over the medium-term. This trend provides the confidence to buyers of a stable and sound market.

The performance of the unit market is more volatile; however it remains positive over the medium-term with a median sale price increasing by 3.9 per cent from$385,000 in March 2011 to $400,000 in March 2016.

The REIQ remains optimistic that the economic fundamentals in Greater Brisbane are sound and will support a stable, moderate and gradual performance in the residential property market over the years to come.

HOUSE MARKET

Redland and Logan had moderate positive performance in median sale price during the March quarter. In Ipswich, the median sale price for the quarter remained relatively stable at slightly above $320,000. However, Moreton Bay reported a contraction in the March quarter median sale price of 1.2 per cent from $420,000 to $415,000.

Based on preliminary data for the March quarter, the level of activity contracted across all different areas during the quarter. On an annual basis, the level of activity in Greater Brisbane showed a positive performance with the volume of sales increasing by 298 sales or 10.2 per cent in Ipswich, 389 sales or 9.8 per cent in Logan, 202 sales or 3.1 per cent in Moreton Bay, and 21 sales or 0.8 per cent in Redland.

Redland and Moreton Bay have taking the lead as the strongest performance in the medium-term with a five year increase in the median sale price of 6.5 per cent and 5.1 per cent, respectively.

Moreton Bay and Logan have both recorded a reduction in the vendor discount from about mid-five per cent in February 2015 to low-five per cent in February 2016. Days on market across all the areas is sitting well below three months and showing a strong performance in the State.

UNIT MARKET

The unit market in Greater Brisbane contracted over the March quarter with all the areas showing a reduction in the median sale price. Ipswich recorded the largest contraction in the quarter of 21 per cent, with the median sale price reducing from $300,000 to $237,000. Suburbs like Brassall, Bundamba and Goodna contributed to this contraction.

The market activity, measured by the volume of sales, reduced across all areas in Greater Brisbane over the quarter. On an annual basis, the volume of activity reduced for all areas, except for the Redland unit market.

The largest activity in Greater Brisbane remains between $250,000 and $350,000 median sale price for units.

Logan recorded the largest reduction in the average days on market, reducing from 97 days in February 2015 to 87 days in February 2016. Other areas reported average days on market between three to four months, which sits around the average sale period for Queensland.

The vendor discount reduced or stayed stable across all areas over the past 12 months to February 2016. The largest vendor discount was reported in Ipswich at 6.9 per cent compared to the lowest vendor discount of 5.2 per cent in Redland.

RENTAL MARKET

The average vacancy rate in Greater Brisbane has been sitting generally between the healthy range over the past eight years. Pine Rivers in Moreton Bay is the only area reporting a sharp increase in the vacancy rates over the past six months, which is now sitting around 3.3 per cent.

The gross rental yields for houses fluctuate between four and five per cent in March 2016. Ipswich reported the largest gross yields for both houses and units.

The median weekly for three-bedroom houses, two-bedroom units and three-bedroom townhouses remained steady or reported a minor reduction over the past 12 months. This is a clear indication that the rental market remains stable and supply keeps meeting the market demand.



MARSDEN 50 $350,000 -2.8% $345,000 4.9% 4.9% $328,750

MEADOWBROOK 7 N/A N/A $381,500 0.4% -1.2% $386,000

MOUNT WARREN PARK 16 N/A N/A $361,000 5.6% -1.6% $367,000

MUNRUBEN ^ 6 N/A N/A $524,000 6.0% 4.0% $504,000

NEW BEITH ^ 7 N/A N/A $562,500 2.8% 6.1% $530,000

REGENTS PARK 31 $370,000 -2.6% $375,000 5.6% 2.7% $365,000

ROCHEDALE SOUTH 36 $470,000 -2.6% $468,000 6.4% 15.0% $407,000

SHAILER PARK 39 $532,000 5.2% $520,225 6.2% 11.3% $467,500

SLACKS CREEK 22 $303,500 -9.4% $320,000 4.9% 6.7% $300,000

SPRINGWOOD 29 $475,000 -2.6% $467,000 6.1% 13.9% $410,000

TANAH MERAH 18 N/A N/A $410,000 3.2% 5.1% $390,000

UNDERWOOD 25 $485,000 -3.0% $499,999 3.1% 12.4% $445,000

WATERFORD 19 N/A N/A $398,000 9.0% 2.1% $389,750

WATERFORD WEST 16 N/A N/A $340,000 8.3% 6.6% $319,000

WINDAROO 11 N/A N/A $420,000 -3.5% 2.4% $410,000

WOODRIDGE 42 $310,000 1.6% $300,000 13.2% 11.1% $270,000

MORETON BAY (LGA) 1398 $415,000 -1.2% $415,000 5.1% 5.1% $395,000

MORETON BAY (LGA) ^ 162 $600,000 0.0% $600,000 2.6% 1.9% $589,000

ALBANY CREEK 59 $558,750 -0.2% $565,000 11.9% 8.7% $520,000

ARANA HILLS 28 $521,500 2.8% $498,250 1.7% 14.0% $437,000

BANKSIA BEACH 29 $489,000 -7.7% $525,000 8.3% 9.4% $480,000

BEACHMERE 20 $317,500 0.8% $315,000 -2.3% -8.7% $345,000

BELLARA 19 N/A N/A $319,500 -4.1% -3.9% $332,500

BELLMERE 19 N/A N/A $340,000 1.5% -4.2% $354,750

BONGAREE 28 $395,000 -8.8% $410,000 7.6% -3.5% $425,000

BRAY PARK 57 $388,500 -1.7% $390,000 4.0% 8.5% $359,450

BUNYA ^ 2 N/A N/A $807,000 3.8% -3.4% $835,000

BURPENGARY 23 $385,000 -1.3% $386,000 5.5% 4.9% $368,000

BURPENGARY ^ 11 N/A N/A $550,000 -0.9% 4.7% $525,500

BURPENGARY EAST 12 N/A N/A $424,000 4.7% -30.5% $609,750

BURPENGARY EAST ^ 15 N/A N/A $565,000 7.6% 5.5% $535,500

CABOOLTURE 90 $324,000 0.2% $310,000 6.9% 0.0% $310,000

CABOOLTURE ^ 11 N/A N/A $512,500 9.0% 8.4% $473,000

CABOOLTURE SOUTH 27 $270,000 -3.6% $272,000 0.7% -3.7% $282,500

CASHMERE 20 $590,500 2.7% $610,000 -8.3% 15.1% $530,000

CLONTARF 36 $403,750 -2.7% $413,000 8.3% 14.7% $360,000

DAKABIN 8 N/A N/A $450,000 0.0% 4.7% $430,000

DECEPTION BAY 86 $340,000 2.7% $330,000 5.8% 6.5% $310,000

EATONS HILL 35 $579,500 7.3% $548,000 -0.4% 7.0% $512,375

ELIMBAH ^ 5 N/A N/A $507,000 5.6% 3.5% $490,000

EVERTON HILLS 19 N/A N/A $524,025 5.9% 11.5% $470,000

FERNY HILLS 33 $508,250 -1.3% $512,250 9.1% 12.0% $457,500

GRIFFIN 19 N/A N/A $438,550 0.8% 7.0% $410,000

JOYNER 5 N/A N/A $465,000 -12.6% -1.1% $470,000

KALLANGUR 89 $352,950 -3.8% $362,000 3.4% 4.3% $347,000

KIPPA-RING 34 $412,250 3.1% $392,500 5.9% 12.1% $350,000

LAWNTON 14 N/A N/A $364,500 3.6% 5.7% $345,000

MANGO HILL 25 $466,000 -3.6% $460,716 1.3% 4.7% $440,000

MARGATE 28 $420,000 6.6% $412,250 7.1% 8.5% $380,000

MORAYFIELD 65 $340,000 2.6% $332,000 4.7% 2.2% $325,000

MORAYFIELD ^ 10 N/A N/A $541,250 1.0% -1.6% $550,000

MURRUMBA DOWNS 26 $535,000 15.2% $470,000 3.3% 9.3% $430,000

NARANGBA 71 $453,500 1.3% $445,000 5.5% 6.0% $420,000

NARANGBA ^ 5 N/A N/A $680,000 7.9% 19.8% $567,500

NEWPORT 14 N/A N/A $867,000 12.2% 7.7% $805,000

NINGI 13 N/A N/A $365,000 -1.0% -15.1% $430,000

NINGI ^ 12 N/A N/A $525,000 3.6% 12.9% $465,000

NORTH LAKES 89 $460,000 -1.1% $460,000 2.0% 2.2% $450,000

PETRIE 31 $415,000 4.7% $396,500 1.5% 4.1% $381,000

REDCLIFFE 31 $441,000 7.8% $400,000 5.0% 5.3% $380,000

ROTHWELL 21 $410,500 2.6% $399,000 1.0% 5.0% $380,000

SAMFORD VALLEY ^ 10 N/A N/A $880,000 -0.1% 7.1% $822,000

SANDSTONE POINT 16 N/A N/A $395,000 6.3% 0.0% $395,000

SCARBOROUGH 32 $457,500 -7.1% $470,000 2.2% 7.1% $439,000

STRATHPINE 23 $380,000 2.7% $360,180 -1.5% 2.9% $350,000

TOORBUL 7 N/A N/A $302,500 10.0% -12.9% $347,500

UPPER CABOOLTURE 10 N/A N/A $340,000 4.6% 1.2% $336,000

UPPER CABOOLTURE ^ 4 N/A N/A $545,000 3.3% 5.8% $515,000

BRISBANE (SD) 6207 $480,000 -4.0% $485,000 2.1% 7.8% $450,000

BRISBANE (SD) ^ 461 $595,000 0.9% $599,000 4.2% 5.1% $570,000

IPSWICH (LGA) 618 $321,500 -0.2% $320,000 1.9% 1.6% $315,000

IPSWICH (LGA) ^ 39 $504,999 3.1% $490,000 4.3% -2.5% $502,500

AUGUSTINE HEIGHTS 17 N/A N/A $515,000 -0.4% -1.6% $523,500

BELLBIRD PARK 22 $329,000 -4.6% $330,000 -0.2% 5.6% $312,500

BASIN POCKET 9 N/A N/A $230,000 2.9% 3.4% $222,500

BOOVAL 16 N/A N/A $280,000 7.3% -2.4% $287,000

BRASSALL 32 $327,000 1.9% $325,000 3.2% -3.0% $335,000

BUNDAMBA 18 N/A N/A $285,000 1.8% 1.8% $280,000

CAMIRA 18 N/A N/A $351,000 1.3% 1.7% $345,000

COALFALLS 7 N/A N/A $299,500 6.2% -6.4% $320,000

COLLINGWOOD PARK 24 $318,000 2.6% $317,250 3.7% 0.1% $317,000

DEEBING HEIGHTS 10 N/A N/A $375,000 -3.5% -31.2% $545,000

EAST IPSWICH 8 N/A N/A $275,000 5.2% 0.9% $272,500

EASTERN HEIGHTS 15 N/A N/A $272,500 1.7% 0.8% $270,425

FLINDERS VIEW 21 $370,000 14.7% $362,000 3.7% 0.6% $360,000

GAILES 4 N/A N/A $248,500 3.5% -2.2% $254,000

GOODNA 29 $313,000 5.2% $295,000 3.5% 0.0% $295,000

IPSWICH 9 N/A N/A $300,500 1.2% -8.5% $328,500

KARALEE ^ 10 N/A N/A $541,250 8.3% 5.1% $515,000

LEICHHARDT 14 N/A N/A $224,500 0.9% -5.5% $237,500

NEWTOWN 5 N/A N/A $299,000 -6.2% -8.8% $328,000

NORTH BOOVAL 9 N/A N/A $275,000 17.0% 0.0% $275,000

NORTH IPSWICH 20 $301,250 15.9% $275,000 5.8% -5.8% $292,000

ONE MILE 7 N/A N/A $235,000 -3.1% -5.7% $249,250

RACEVIEW 43 $303,250 -5.2% $308,000 1.0% -1.0% $311,000

REDBANK 5 N/A N/A $300,500 3.6% -3.1% $310,000

REDBANK PLAINS 78 $324,000 3.9% $315,000 3.0% 5.0% $300,000

RIPLEY 9 N/A N/A $342,000 11.8% 3.4% $330,750

RIVERVIEW 8 N/A N/A $239,900 11.6% 4.3% $230,000

ROSEWOOD 13 N/A N/A $262,500 -2.8% -3.8% $273,000

SADLIERS CROSSING 3 N/A N/A $325,000 10.2% 10.2% $295,000

SILKSTONE 18 N/A N/A $287,000 12.6% 7.6% $266,750

SPRINGFIELD 20 $420,000 5.1% $405,000 5.7% 6.6% $380,000

SPRINGFIELD LAKES 45 $412,000 -3.4% $415,000 1.0% 4.5% $397,000

WOODEND 9 N/A N/A $280,000 -16.2% -15.4% $331,075

WULKURAKA 6 N/A N/A $315,150 13.4% 0.8% $312,500

YAMANTO 12 N/A N/A $393,250 -4.1% 12.4% $350,000

LOGAN (LGA) 808 $370,000 0.5% $365,000 4.3% 2.0% $358,000

LOGAN (LGA) ^ 169 $550,000 3.8% $540,000 4.9% 6.9% $505,000

BEENLEIGH 35 $317,500 2.6% $310,500 3.5% -5.5% $328,500

BETHANIA 9 N/A N/A $311,250 7.3% 2.0% $305,000

BORONIA HEIGHTS 34 $352,000 10.0% $320,000 0.0% 3.2% $310,000

BROWNS PLAINS 17 N/A N/A $325,000 8.3% 4.8% $310,000

CEDAR GROVE ^ 5 N/A N/A $430,000 2.4% 9.6% $392,500

CEDAR VALE ^ 15 N/A N/A $461,500 6.1% 4.8% $440,500

CHAMBERS FLAT ^ 5 N/A N/A $560,000 8.7% 32.1% $424,000

CORNUBIA ^ 7 N/A N/A $761,250 5.7% 2.9% $740,000

CORNUBIA 24 $548,500 12.5% $489,000 -7.7% 1.9% $480,000

CRESTMEAD 39 $322,500 0.8% $310,000 5.1% 0.0% $310,000

DAISY HILL 28 $455,000 1.1% $450,000 0.0% 3.8% $433,500

EAGLEBY 47 $299,000 8.7% $280,000 6.5% -1.2% $283,500

EDENS LANDING 27 $367,000 9.6% $345,000 1.5% -2.1% $352,500

FORESTDALE ^ 9 N/A N/A $763,750 14.9% 18.0% $647,500

GREENBANK ^ 19 N/A N/A $560,000 6.4% 10.9% $505,000

HERITAGE PARK 23 $410,000 -1.8% $428,000 8.4% 9.0% $392,500

HILLCREST 18 N/A N/A $350,000 6.0% 2.3% $342,000

HOLMVIEW 8 N/A N/A $357,500 6.7% 13.1% $316,000

JIMBOOMBA 14 N/A N/A $374,500 1.4% -2.3% $383,500

JIMBOOMBA ^ 28 $470,000 -5.9% $470,000 3.3% -1.1% $475,000

KINGSTON 18 N/A N/A $295,000 6.9% 6.2% $277,750

LOGAN CENTRAL 9 N/A N/A $305,000 13.0% 10.9% $275,000

LOGAN RESERVE 7 N/A N/A $379,000 6.8% 8.5% $349,250

LOGAN VILLAGE ^ 7 N/A N/A $503,750 2.8% 3.9% $485,000

LOGANHOLME 32 $375,000 -2.9% $386,000 6.5% 5.8% $365,000

LOGANLEA 27 $340,000 -2.9% $345,000 9.7% 9.2% $316,000


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)



WAMURAN ^ 8 N/A N/A $552,500 5.6% 3.3% $535,000

WARNER 38 $512,500 4.7% $485,000 0.9% 2.1% $475,000

WARNER ^ 4 N/A N/A $810,000 7.6% 24.8% $649,000

WOODY POINT 13 N/A N/A $475,000 17.5% 18.2% $402,000

REDLAND (LGA) 545 $499,000 1.9% $490,000 3.2% 6.5% $460,000

REDLAND (LGA) ^ 21 $920,000 7.6% $860,000 2.9% 7.8% $797,500

ALEXANDRA HILLS 63 $430,000 -3.4% $428,000 4.4% 4.4% $410,000

BIRKDALE 47 $547,500 7.4% $514,000 4.4% 14.2% $450,000

CAPALABA 60 $447,500 2.3% $437,500 -0.5% 7.8% $406,000

CAPALABA ^ 3 N/A N/A $846,000 1.9% 8.5% $780,000

CLEVELAND 46 $597,000 8.6% $576,000 10.8% 10.8% $520,000

MACLEAY ISLAND 13 N/A N/A $230,000 15.0% -9.8% $255,000

MOUNT COTTON 30 $497,000 4.5% $483,000 1.7% 2.8% $469,900

ORMISTON 31 $579,000 -17.3% $639,500 7.9% 8.4% $590,000

REDLAND BAY 61 $523,000 -8.3% $520,000 0.0% 6.1% $490,000

RUSSELL ISLAND 19 N/A N/A $174,000 3.6% -15.1% $205,000

THORNESIDE 6 N/A N/A $477,500 0.5% 2.7% $465,000

THORNLANDS 44 $540,000 -1.8% $550,000 8.0% 1.8% $540,400

THORNLANDS ^ 3 N/A N/A $950,000 11.0% 11.4% $852,500

VICTORIA POINT 54 $529,000 4.8% $511,000 6.5% 8.7% $470,000

WELLINGTON POINT 51 $565,000 1.0% $566,000 1.3% 4.8% $540,000

SURROUNDS

LOCKYER VALLEY (LGA) 39 $250,000 0.9% $250,000 2.0% -9.1% $275,000

LOCKYER VALLEY (LGA)^ 63 $350,000 -4.1% $350,000 -0.1% 1.4% $345,000

GATTON 19 N/A N/A $258,000 -0.2% -10.6% $288,750

KENSINGTON GROVE ^ 6 N/A N/A $355,000 -3.4% 0.0% $355,000

LAIDLEY 14 N/A N/A $235,000 0.0% -7.8% $255,000

LAIDLEY HEIGHTS ^ 3 N/A N/A $276,750 -8.1% -17.4% $335,000

REGENCY DOWNS ^ 8 N/A N/A $300,000 -0.8% -6.4% $320,500

SCENIC RIM (LGA) 76 $349,250 -1.6% $360,000 -1.0% -5.3% $380,000

SCENIC RIM (LGA) ^ 53 $505,000 4.1% $507,500 2.3% 8.6% $467,250

BEAUDESERT 15 N/A N/A $320,000 -3.0% -6.0% $340,250

BOONAH 19 N/A N/A $277,500 8.8% 0.5% $276,000

KOORALBYN ^ 6 N/A N/A $343,000 12.5% 7.2% $320,000

TAMBORINE ^ 14 N/A N/A $525,000 -0.9% -2.8% $540,000

TAMBORINE MOUNTAIN 27 $435,000 -10.8% $450,000 2.3% 1.1% $445,000

TAMBORINE MOUNTAIN ^ 10 N/A N/A $740,000 14.7% 1.4% $730,000

SOMERSET (LGA) 36 $227,250 1.0% $247,000 -0.2% -8.2% $269,000

SOMERSET (LGA) ^ 38 $350,000 -4.1% $360,000 -5.3% 0.0% $360,000

FERNVALE 9 N/A N/A $335,000 -0.5% -0.7% $337,500

KILCOY 4 N/A N/A $215,000 -6.5% -17.3% $260,000

LOWOOD 7 N/A N/A $250,000 5.5% -4.8% $262,500

BRISBANE (SD) 2423 $395,000 -1.3% $400,000 -0.7% 3.9% $385,000

IPSWICH (LGA) 54 $237,000 -21.0% $300,000 0.0% 3.8% $289,000

BRASSALL 2 N/A N/A $248,500 -5.5% -15.8% $295,000

BROOKWATER 7 N/A N/A $522,000 45.4% 41.8% $368,000

BUNDAMBA 4 N/A N/A $305,950 2.0% 102.3% $151,250

GOODNA 3 N/A N/A $310,000 0.0% 29.7% $239,000

REDBANK PLAINS 7 N/A N/A $231,500 1.0% -26.5% $315,000

SPRINGFIELD LAKES 2 N/A N/A $384,900 0.8% 87.8% $205,000

LOGAN (LGA) 188 $245,000 -3.5% $250,000 0.0% -9.4% $276,000

BEENLEIGH 12 N/A N/A $207,000 10.7% -12.8% $237,500

BORONIA HEIGHTS 6 N/A N/A $250,000 6.4% 39.7% $179,000

DAISY HILL 2 N/A N/A $315,000 7.9% 0.8% $312,500

EAGLEBY 15 N/A N/A $218,000 1.2% -29.7% $310,000

EDENS LANDING 10 N/A N/A $215,500 3.9% -14.5% $252,000

HILLCREST 3 N/A N/A $229,000 1.8% -13.2% $263,750

KINGSTON 5 N/A N/A $275,000 -1.8% -18.5% $337,500

LOGAN CENTRAL 9 N/A N/A $190,000 0.8% -15.2% $224,000

MARSDEN 2 N/A N/A $332,000 0.6% 2.6% $323,500

MEADOWBROOK 2 N/A N/A $259,500 1.4% -3.7% $269,500

MOUNT WARREN PARK 8 N/A N/A $215,000 0.0% -2.3% $220,000

ROCHEDALE SOUTH 10 N/A N/A $280,000 1.8% 2.4% $273,500

SHAILER PARK 8 N/A N/A $275,000 -1.8% -13.2% $317,000

SLACKS CREEK 9 N/A N/A $219,500 4.5% -6.2% $234,000

SPRINGWOOD 9 N/A N/A $266,000 -4.0% -4.5% $278,500

UNDERWOOD 5 N/A N/A $390,000 2.6% 1.4% $384,500

WATERFORD WEST 19 N/A N/A $213,000 9.2% -5.5% $225,500

WOODRIDGE 20 $200,000 0.0% $195,000 4.6% -8.0% $212,000

MORETON BAY (LGA) 331 $310,000 -7.2% $335,750 0.2% -0.4% $337,000

ALBANY CREEK 9 N/A N/A $410,000 -1.7% 2.8% $399,000

BELLARA 7 N/A N/A $282,000 35.9% 156.4% $110,000

BONGAREE 12 N/A N/A $307,500 0.8% -12.1% $350,000

BRENDALE 19 N/A N/A $270,000 -11.6% -3.7% $280,500

BURPENGARY 6 N/A N/A $277,500 -10.4% -11.9% $315,000

CABOOLTURE 22 $152,500 -15.3% $193,000 -7.7% -29.8% $275,000

CLONTARF 10 N/A N/A $341,000 -18.3% 1.8% $335,000

DECEPTION BAY 18 N/A N/A $240,000 1.7% -27.3% $330,000

KALLANGUR 17 N/A N/A $305,000 -8.1% -1.6% $310,000

KIPPA-RING 12 N/A N/A $280,000 2.7% -16.4% $335,000

LAWNTON 9 N/A N/A $225,500 -8.0% -34.6% $345,000

MANGO HILL 6 N/A N/A $367,500 0.7% -2.6% $377,500

MARGATE 9 N/A N/A $370,000 2.1% 2.4% $361,500

MORAYFIELD 8 N/A N/A $225,000 -18.2% -29.7% $320,000

MURRUMBA DOWNS 7 N/A N/A $345,000 1.5% -0.9% $348,000

NORTH LAKES 13 N/A N/A $372,000 3.9% 10.1% $338,000

PETRIE 2 N/A N/A $332,000 -1.2% -6.2% $354,000

REDCLIFFE 33 $337,000 -9.4% $360,000 2.9% -12.3% $410,650

SCARBOROUGH 19 N/A N/A $426,250 10.7% 4.6% $407,500

STRATHPINE 6 N/A N/A $272,500 4.8% -5.4% $288,000

WOODY POINT 19 N/A N/A $395,000 23.4% -5.7% $419,000

WOORIM 10 N/A N/A $317,500 -9.8% -3.8% $330,000

REDLAND (LGA) 126 $370,000 -0.7% $394,000 1.0% 11.0% $355,000

BIRKDALE 8 N/A N/A $400,000 10.2% 23.1% $325,000

CAPALABA 34 $314,000 -9.7% $346,700 -8.8% 15.6% $300,000

CLEVELAND 28 $375,000 3.3% $385,000 -11.2% -0.6% $387,250

ORMISTON 12 N/A N/A $379,500 2.9% 0.1% $379,000

THORNESIDE 7 N/A N/A $322,000 6.8% 9.2% $295,000

THORNLANDS 3 N/A N/A $395,000 0.3% -16.8% $475,000

VICTORIA POINT 12 N/A N/A $360,000 0.0% 5.9% $340,000

WELLINGTON POINT 6 N/A N/A $454,900 0.0% 26.4% $360,000


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

SALES MARKET - UNITS & TOWNHOUSES

SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

FALLING

STEADY


STEADY

RISING

BRISBANE HOUSE MARKET March Qtr 2016

Brisbane Moreton Bay Logan Redland

Ipswich


FALLING

STEADY


STEADY

RISING

BRISBANE UNITS MARKETS March Qtr 2016

Source: REIQ

Brisbane Redland

Moreton Bay Logan

Ipswich



BRISBANE (SD) 702 $225,000 2.7% $220,000 1.2% 7.3% $205,000

BRISBANE (SD) ^ 108 $280,000 0.2% $275,000 1.9% -3.9% $286,250

IPSWICH (LGA) 89 $191,000 5.0% $180,900 0.5% 1.1% $179,000

IPSWICH (LGA) ^ 18 N/A N/A $243,500 -1.5% -4.9% $255,950

BELLBIRD PARK 13 N/A N/A $219,950 3.5% -8.4% $240,000

BRASSALL 11 N/A N/A $178,750 -3.4% 0.3% $178,250

KARALEE ^ 5 N/A N/A $280,000 3.7% 6.4% $263,250

LEICHHARDT 6 N/A N/A $149,900 0.8% -15.5% $177,475

REDBANK PLAINS 12 N/A N/A $160,000 3.9% -8.6% $175,000

RIPLEY 7 N/A N/A $173,500 2.1% N/A N/A

SOUTH RIPLEY 10 N/A N/A $178,000 -1.1% N/A N/A

SPRINGFIELD LAKES 4 N/A N/A $202,000 0.0% 10.4% $183,000

LOGAN (LGA) 128 $207,444 7.8% $183,689 0.9% -12.5% $210,000

LOGAN (LGA) ^ 42 $286,000 2.5% $270,000 3.9% 3.8% $260,000

BUCCAN ^ 9 N/A N/A $290,000 1.8% -27.1% $398,000

CORNUBIA 2 N/A N/A $365,000 4.3% 62.2% $225,000

CRESTMEAD 2 N/A N/A $205,000 -2.4% 0.0% $205,000

HOLMVIEW 7 N/A N/A $183,850 2.8% -14.4% $214,900

JIMBOOMBA 3 N/A N/A $158,950 -6.4% -14.5% $186,000

JIMBOOMBA ^ 3 N/A N/A $259,500 7.2% 18.0% $220,000

LOGAN RESERVE 1 N/A N/A $176,500 7.2% N/A N/A

LOGAN VILLAGE 3 N/A N/A $255,000 2.0% 4.1% $245,000

LOGANLEA 5 N/A N/A $207,500 6.4% -7.8% $225,000

MARSDEN 2 N/A N/A $210,700 12.1% 7.0% $197,000

NEW BEITH ^ 11 N/A N/A $295,000 1.7% 12.8% $261,500

WATERFORD 4 N/A N/A $199,750 14.6% 5.1% $190,000

YARRABILBA 61 $183,500 3.0% $171,150 6.6% 18.0% $145,000

MORETON BAY (LGA) 157 $235,800 1.3% $235,000 5.6% 15.0% $204,400

MORETON BAY (LGA) ^ 40 $275,000 0.0% $275,000 0.0% -19.1% $340,000

BANKSIA BEACH 2 N/A N/A $462,000 14.1% 7.4% $430,000

BURPENGARY 0 N/A N/A $230,000 7.0% -9.8% $255,000

CABOOLTURE 9 N/A N/A $189,000 5.6% -2.6% $194,000

CABOOLTURE ^ 20 $275,000 1.9% $265,000 1.9% -3.6% $275,000

DAKABIN 7 N/A N/A $225,000 4.7% 7.1% $210,000

GRIFFIN 17 N/A N/A $249,000 9.9% 19.4% $208,500

KALLANGUR 4 N/A N/A $235,000 6.8% 12.4% $209,016

MANGO HILL 24 $256,000 -3.4% $256,000 8.9% -1.5% $260,000

MORAYFIELD 5 N/A N/A $183,500 1.4% -5.4% $194,000

NARANGBA 17 N/A N/A $214,600 4.2% -2.5% $220,000

NORTH LAKES 3 N/A N/A $281,000 15.2% 33.3% $210,750

WARNER 19 N/A N/A $256,100 9.0% 10.4% $232,000

REDLAND (LGA) 180 N/D N/D $225,000 -15.1% -6.3% $240,000

BIRKDALE 2 N/A N/A $310,000 0.3% 3.3% $300,000

MACLEAY ISLAND 18 N/A N/A $30,000 -6.3% -41.7% $51,500

MOUNT COTTON 11 N/A N/A $263,000 -0.8% 0.0% $263,000

REDLAND BAY 20 $300,000 1.4% $295,000 4.0% -1.3% $299,000

RUSSELL ISLAND 102 $20,000 8.1% $18,800 1.6% -46.3% $35,000

THORNLANDS 10 N/A N/A $310,000 8.8% 8.8% $285,000

WELLINGTON POINT 1 N/A N/A $403,500 11.7% 23.6% $326,500

SURROUNDS

LOCKYER VALLEY (LGA) 13 N/A N/A $125,500 25.5% -2.7% $129,000

LOCKYER VALLEY (LGA) ^ 19 N/A N/A $135,000 1.1% -4.3% $141,000

KENSINGTON GROVE ^ 4 N/A N/A $152,750 2.9% 6.8% $143,000

SCENIC RIM (LGA) 7 N/A N/A $182,900 2.2% -3.7% $190,000

SCENIC RIM (LGA) ^ 8 N/A N/A $202,500 -22.7% 9.5% $185,000

GLENEAGLE 1 N/A N/A $184,450 2.5% 7.2% $172,000

SOMERSET (LGA) 9 N/A N/A $140,000 -1.8% 8.5% $129,000

FERNVALE 5 N/A N/A $152,000 2.0% 6.3% $143,000


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

150

940

2,860

512

121

788

2,797

540

89

580

1,751

277

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




1,723

2,076

939

46

1,405

1,917

918

38

1,077

1,476

715

25

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



37

750

1,064

198

30

588

985

176

41

471

739

141

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




307

252

82

272 242

85

192 162

46

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



109

604

707

80 95

532

630

87 71

373

503

48

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




286

136

18

302

96

18

214

62

14

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



230

58

12

198

62

15

136

42

3

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



68

54

13

58

44

17

38

28

7

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



195

94

18

202

76

34

168

59

27

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



107 95

25

130

85

28

92

64

13

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



308

223

66

266

224

81

221

134

44

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


*Preliminary data

201

338

178 159

312

150 155

213

97

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



FALLING

STEADY


STEADY

RISING



Ipswich


FALLING

STEADY


STEADY

RISING


Source: REIQ

Brisbane Redland

Moreton Bay Logan

Ipswich

FALLING

STEADY


STEADY

RISING



Ipswich


FALLING

STEADY


STEADY

RISING


Source: REIQ

Brisbane Redland

Moreton Bay Logan

Ipswich



4510

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

$300 145 $295 167

4511GODWIN BEACH/ NINGI/ SANDSTONE PT/ TOORBUL PT

$335 16 $345 18

4514

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

$330 8 $325 17

REDLAND CITY COUNCIL AREA $390 308 $390 303

4157 CAPALABA/ SHELDON $400 33 $390 36

4158 THORNSIDE $395 8 $395 8

4159 BIRKDALE/ AQUATIC PARADISE/ MERIDIAN PT $370 25 $400 29

4160 ORMISTON/ WELLINGTON PT/ EROBIN $410 34 $385 28

4161 ALEXANDRA HILLS/ BURWOOD HTS $390 38 $395 54

4163 CLEVELAND/ RABY BAY $420 31 $400 28

4164 THORNLANDS/ PINKLANDS $420 17 $420 7

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

$400 43 $400 49

4183 AMITY PT/ DUNWICH/ PT LOOKOUT $350 9 $330 5

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

$250 70 $250 59

LOCKYER VALLEY REGIONAL $290 88 $280 96

4341 BLENHEIM $285 31 $275 46

4342 CROWLEY VALE $280 17 $290 37

4343 ADARE $300 36 $270 5

SOMERSET REGIONAL $285 62 $270 67

4311 ATKINSONS DAM $300 29 $280 33

4312 BRYDEN $260 10 $260 12

4313 BIARRA $230 8 $240 11

4515 GLENFERN $285 15 $310 11





IPSWICH CITY $310 717 $300 797

4300GOODNA/ BELLBIRD PK/ CAMIRA/ SPRINGFIELD

$350 176 $350 202

4301REDBANK/ REDBANK PLNS/ COLLINGWOOD PK

$320 100 $310 95

4303 DINMORE/ RIVERVIEW $275 17 $275 23

4304BOOVAL/ BLACKSTONE/ BUNDAMBA/ EBBW VALE/ SILKSTONE

$290 86 $285 103

4305

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

$295 269 $290 285

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

$340 42 $290 66

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

$290 24 $290 21

LOGAN CITY $340 865 $347 857

4114KINGSTON/ LOGAN CITY/ TRINDER PK/ WOODRIDGE

$320 172 $320 147

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

$350 71 $345 89

4119 UNDERWOOD $380 14 $365 10

4123 PRIESTS GULLY/ ROCHEDALE $385 32 $395 71

4124 BORONIA HTS/ GREENBANK/ NEW BEITH $340 47 $340 37

4125 MUNRUBEN/ PARK RIDGE $420 5 $400 8

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

$360 89 $380 85

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

$375 28 $385 35

4129 LOGANDALE/ LOGANHOLME $360 13 $360 14

4130 CARBROOK/ CORNUBIA $400 8 $395 12

4131 LOGANLEA/ MEADOWBROOK $350 28 $350 21

4132 CRESTMEAD/ MARSDEN $335 98 $340 97

4133CHAMBERS FLAT/ LOGAN RESERVE/ WATERFORD

$360 49 $360 27

4205 BETHANIA $330 20 $330 18

4207 BEENLEIGH/ EAGLBY/ MT WARREN PK $340 175 $330 167

MORETON BAY REGIONAL $350 976 $350 1043

REDCLIFFE REGION $360 206 $360 205

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

$360 88 $360 92

4020REDCLIFFE/ SCARBOROUGH/ NEWPORT WATERS/ SUTTONS BCH

$355 69 $360 72

4021 KIPPA-RING $375 29 $350 21

4022 ROTHWELL $350 20 $345 20

PINE RIVERS REGION $370 367 $370 393

4035ALBANY CK/ BRIDGEMAN DOWNS/ CASHS CROSSING

$430 33 $420 26

4037 EATONS HILL $450 5 $440 7

4055BUNYA/ FERNY GROVE/ FERNY HILLS/ KEDRON UPPER

$410 32 $450 31

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

$370 71 $370 83

4501 LAWNTON $345 19 $350 23

4502 FRENCHS FOREST/ PETRIE $335 19 $340 18

4503DAKABIN/ DOHLES ROCKS/ GRIFFIN/ KALLANGUR/ KURWONGBAH

$350 104 $350 105

4509 MANGO HILL $385 71 $380 80

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

$460 6 $450 11

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

$375 7 $385 9

CABOOLTURE REGION $320 403 $315 445

4504 NARANGBA $360 20 $360 31

4505 BURPENGARY $350 25 $340 30

4506 MORAYFIELD/ MOORINA $320 59 $300 54

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

$350 44 $340 32

4508 DECEPTION BAY $320 81 $310 91

112

511

1,612

920

114 56

450

1,294

743

92 60

285

785

490

50

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

BRISBANE UNIT SALES


*Preliminary data

336

448 431

120

11

282

393

286

88

11

203

266

147

60

6

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


*Preliminary data

411

1,002 913

715

163

322

843 831

630

146 189

590 580

431

103

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



*Preliminary data

35

92

28

7

26

62

27

8

24

50

17

8

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


*Preliminary data

103

288

330

211

42

125

271 283

233

45

80

189

228

159

28

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



*Preliminary data

56

24

7 4

42

27

6 2

29

19

8

2

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


*Preliminary data

21 22

5 3

22 22

6

2

25

18

3 1

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


*Preliminary data

7

5

9

3

14

6

4

2

7

5 5 5

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


*Preliminary data

9

11

19

9

16 17

9

14

19

13

7

1

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


*Preliminary data

15

11

3 3

22

8

14

5

15

5 4

0

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


*Preliminary data

63

37

23 20

52

43 37

17

44

34

14

3

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


*Preliminary data

291

101

67 50

11

247

91

55 39

9

167

44 34 27 3

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


*Preliminary data





IPSWICH CITY $260 187 $260 166


$270 39 $260 34


$265 40 $275 31


$250 21 $255 22

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

$260 77 $255 74

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

$265 8 N/A 3

LOGAN CITY $270 207 $270 218


$255 76 $270 84



$330 20 $300 26


$300 5 $290 5

4131 LOGANLEA/ MEADOWBROOK $290 13 N/A N/A

4132 CRESTMEAD/ MARSDEN $300 9 N/A 3


$265 13 $295 12

4207 BEENLEIGH/ EAGLBY/ MT WARREN PK $260 53 $260 63




$275 74 $285 68


$300 78 $305 79



$300 24 $300 25

4501 LAWNTON $280 5 $290 10


4503DAKABIN/ DOHLES ROCKS/ GRIFFIN/

KALLANGUR/ KURWONGBAH$280 40 $280 41

4509 MANGO HILL $330 35 $320 15


4505 BURPENGARY $275 11 $290 9



$280 31 $265 44

4508 DECEPTION BAY $285 9 $270 16

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

$260 87 $260 89

REDLAND CITY $350 65 $325 62




LOCKYER VALLEY REGIONAL $225 18 $230 15

4343 ADARE $225 16 $235 13

IPSWICH CITY $320 193 $315 113


$345 76 $340 32


$320 32 $310 17


$305 58 $310 35

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

$300 27 $300 29

LOGAN CITY $340 363 $330 444


$310 37 $315 51

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

$350 53 $350 61

4119 UNDERWOOD $350 12 $410 9


4124 BORONIA HTS/ GREENBANK/ NEW BEITH $345 6 N/A 2


$330 36 $325 44


$365 14 $340 12

4131 LOGANLEA/ MEADOWBROOK $350 24 $340 33

4132 CRESTMEAD/ MARSDEN $340 55 $340 68


$330 18 $325 28

4205 BETHANIA $345 12 $340 16

4207 BEENLEIGH/EAGLBY/ MT WARREN PK $330 86 $320 98



4504 NARANGBA $350 7 $350 7

4505 BURPENGARY $315 26 $310 25



$345 6 $300 10

4508 DECEPTION BAY $310 63 $310 53

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

$300 20 $300 27

4511GODWIN BEACH/ NINGI/ SANDSTONE PT/ TOORBUL PT

$350 13


4035ALBANY CK/ BRIDGEMAN DOWNS/ CASHS CROSSING

$390 36 $380 36


$355 74 $350 51

4501 LAWNTON $350 19 $335 11


4503DAKABIN/ DOHLES ROCKS/ GRIFFIN/ KALLANGUR/ KURWONGBAH

$340 168 $340 197

4509 MANGO HILL $355 100 $355 79



$355 9 $350 10


$370 15 $350 15

4021 KIPPA-RING $330 45 $325 41

REDLAND CITY $395 164 $395 114


4158 THORNSIDE $380 12 $380 17



4164 THORNLANDS/ PINKLANDS $395 37 N/A 3

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

$390 13 $390 14



33

145

165 161

51

96

137

73

13

50

71

19

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

BRISBANE LAND SALES


*Preliminary data

1,266

461

70 46

924

331

45 37

413

192

35 17

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


*Preliminary data

431

137

39 17 17

293

118

23 21 19

89

25 17 7 7

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



*Preliminary data

171

8 3

109

8 5

35

3 9

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


*Preliminary data

196 213

65

30 6

113

147

48

22 12

76

51

24 8 2

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



*Preliminary data

150

3 5

114

5 3

87

2 1

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


*Preliminary data

86

1 2

59

6 3

39

0 1

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


*Preliminary data

25

5

2

17

0 2

13

0 0

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


*Preliminary data

96

7 1

89

2 3

39

2 0

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


*Preliminary data

45

5 2

32

7

2

24

1 1

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


*Preliminary data

173

13 5

109

8 9

36

3 3

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


*Preliminary data

142

30

12

112

30

9

66

11 5

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


*Preliminary data


REGIONAL MARKET UPDATES

GOLD COASTThe Gold Coast residential property market is one of the strongest in Queensland, reporting the largest annual increase in median sale price for houses of 5.8 per cent and the second largest increase in a five-year period of 10.2 per cent.

The annual volume of sales to March for both houses and units showed a moderate upward trend, demonstrating an improvement in the level of activity which has not been common across other Queensland regions outside the southeast corner.

The positive performance is not a surprise with large amount of investment injected in the area ahead of the hosting of the 2018 Commonwealth Games. Recent Government announcements indicate that the Commonwealth Games will add about 30,000 full-time equivalent jobs and generate more than $2 billion in economic benefits.

The Commonwealth Games is playing a critical role improving the infrastructure in the region. For example, the State Government has recently announced a $25 million investment in the electricity network to ensure reliability of the electricity supply during the Games and also in the long-term for the city. Another important project is the $420 million Gold Coast light rail extension, which is expected to generate an increase of about 1000 jobs during construction.

The entertainment industry has also benefited from the Commonwealth Games. The recently built $15.5 million mega sound stage is currently attracting international interest.

The Games have brought economic benefits and employment to the region and the event is having a positive impact on the residential property market. The medium to long-term challenge post-2018 will be to maintain the current level of employment.

HOUSE MARKET

The median sale price for the March quarter remained relatively steady, reaching $557,500. The largest volume of activity in the region sits in the price range of $500,000 to $1 million.

Over a 12 month period to March 2016, the median sale price increased by 5.8 per cent to $550,000. The suburbs showing the best performance in a year were Mermaid Beach, Bundall and Hope Island, with an annual median sale price of $1,225,000, $927,500 and $630,000, respectively.

The annual sales activity for houses reported an increase of 167 more houses sold or the equivalent to 2.3 per cent.

The average days on market at 68 days in February 2016 remained in the low-end range of Queensland. The average vendor discount reduced from six per cent in February 2015 to 5.4 per cent in February 2016 – a clear symptom of an active market experiencing moderate to strong buyer demand.

UNIT MARKET

The unit market in the Gold Coast increased moderately over the 12 months to March from $365,000 to $372,000. And even the quarterly price was relatively stable. Over the medium term, the median sale price showed a slight reduction from $375,000 to $372,000.

The largest volume of activity in the unit market sits in the $250,000 to $500,000 median sale price range. The annual volume of sales to March 2016 (compared with March 2015), reported a minor increase of 53 more houses sold.

A few financial institutions have classified some of the Gold Coast suburbs as potentially having an oversupply of new and established apartments. The minimum deposit requirement for these so-called “riskier suburbs” is now 30 per cent compared to a standard deposit requirement of 20 per cent.

The average days on market is sitting below three months and the average vendor discount reduced from 6.5 per cent in February 2015 to 5.7 per cent in February 2016.

RENTAL MARKET

The rental market performance, measured using the vacancy rates, has generally remained above 1.5 per cent over the past three years.

The outlook for the market is positive over the next two years, considering the influx of temporary employees to support the Commonwealth Games.

The median weekly rent for three-bedroom houses, two-bedroom units and three-bedroom townhouses have all risen between $15 and $25 per week. This has supported the slight increase in gross rental yields for houses from 4.2 per cent in December to 4.3 per cent in March and in units from 5.3 per cent in December to 5.5 per cent in March.

http://www.stgeorge.com.au/personal/home-loans

21


MARCH QUARTER 2016

GOLD COAST (LGA) 1452 $557,500 0.5% $550,000 5.8% 10.2% $499,000

GOLD COAST (LGA) ^ 138 $723,750 -0.9% $730,000 5.0% 5.0% $695,000

ARUNDEL 36 $535,000 3.4% $530,000 6.0% 14.0% $465,000

ASHMORE 43 $535,500 -4.7% $525,000 6.4% 14.1% $460,000

BENOWA 26 $728,500 6.4% $765,000 2.0% 2.0% $750,000

BIGGERA WATERS 16 N/A N/A $651,000 11.3% 44.7% $450,000

BONOGIN ^ 12 N/A N/A $695,000 7.9% 2.2% $680,000

BROADBEACH WATERS 41 $950,000 -2.6% $857,000 0.9% 13.5% $755,000

BUNDALL 16 N/A N/A $927,500 18.8% -3.0% $956,000

BURLEIGH HEADS 24 $800,000 21.2% $703,950 13.2% 21.4% $580,000

BURLEIGH WATERS 43 $660,500 -2.0% $688,194 13.8% 25.1% $550,000

CARRARA 28 $535,000 11.3% $503,500 10.1% 17.1% $430,000

CLEAR ISLAND WATERS 14 N/A N/A $1,000,000 17.7% 33.0% $752,000

COOLANGATTA 6 N/A N/A $762,000 3.0% 26.5% $602,500

COOMBABAH 29 $425,000 -6.6% $437,182 1.7% 2.9% $425,000

COOMERA 24 $414,500 -7.1% $447,000 12.5% 11.8% $400,000

CURRUMBIN 8 N/A N/A $780,000 -15.3% 30.0% $600,000

CURRUMBIN VALLEY ^ 4 N/A N/A $768,000 -11.7% 2.1% $752,500

CURRUMBIN WATERS 29 $532,500 -8.2% $570,000 9.6% 16.3% $490,000

ELANORA 38 $600,250 4.2% $573,500 7.2% 9.2% $525,000

GILSTON 8 N/A N/A $540,000 12.2% 5.9% $510,000

HELENSVALE 59 $577,250 3.5% $550,000 10.0% 12.2% $490,000

HIGHLAND PARK 22 $477,500 -2.6% $477,500 13.7% 11.4% $428,750

HOLLYWELL 23 $610,000 16.5% $617,500 0.4% 10.3% $560,000

HOPE ISLAND 28 $652,500 7.0% $630,000 17.8% 8.2% $582,500

JACOBS WELL 5 N/A N/A $420,000 5.0% -0.9% $424,000

LABRADOR 25 $485,250 -1.0% $480,000 7.9% 12.9% $425,000

LOWER BEECHMONT 3 N/A N/A $365,250 -3.9% -8.1% $397,500

MAUDSLAND 7 N/A N/A $466,000 1.1% 1.3% $460,000

MERMAID BEACH 7 N/A N/A $1,225,000 23.1% 8.2% $1,132,500

MERMAID WATERS 32 $720,000 -5.3% $760,000 5.9% 23.6% $615,000

MERRIMAC 15 N/A N/A $467,500 5.1% 12.7% $415,000

MIAMI 12 N/A N/A $648,000 10.4% 21.1% $535,000

MOLENDINAR 11 N/A N/A $560,000 7.7% 11.2% $503,495

MUDGEERABA 36 $515,000 1.0% $504,999 2.0% 9.4% $461,500

MUDGEERABA ^ 5 N/A N/A $700,500 8.7% 2.6% $682,500

NERANG 63 $399,000 -5.1% $402,500 5.8% 7.9% $373,000

NERANG ^ 5 N/A N/A $790,000 9.7% 5.3% $750,000

ORMEAU 58 $450,000 -2.2% $445,000 3.5% 1.1% $440,000

ORMEAU HILLS 19 N/A N/A $485,000 6.1% 3.2% $470,000

OXENFORD 43 $463,750 -1.9% $463,000 3.9% 2.3% $452,500

PACIFIC PINES 57 $527,500 6.6% $486,500 4.6% 5.8% $460,000

PALM BEACH 48 $695,500 5.1% $675,000 12.5% 23.9% $545,000

PARADISE POINT 21 $900,000 -8.2% $900,000 5.9% 8.1% $832,500

PARKWOOD 25 $540,000 -0.9% $540,000 7.5% 12.2% $481,250

PIMPAMA 14 N/A N/A $430,000 0.1% 11.4% $386,000

REEDY CREEK 16 N/A N/A $707,500 11.4% 10.8% $638,750

ROBINA 72 $625,000 0.0% $616,500 8.2% 14.6% $538,000

RUNAWAY BAY 29 $1,040,000 6.1% $937,500 9.0% 21.8% $770,000

SOUTHPORT 55 $555,000 3.0% $530,000 11.6% 14.0% $465,000

SURFERS PARADISE 22 $1,392,500 4.7% $1,250,000 5.3% -2.0% $1,275,000

TALLAI ^ 9 N/A N/A $850,000 12.6% 14.1% $745,000

TALLEBUDGERA ^ 8 N/A N/A $807,500 15.8% 5.2% $767,500

TALLEBUDGERA VALLEY ^ 8 N/A N/A $750,000 -0.7% 2.0% $735,000

TUGUN 16 N/A N/A $520,000 6.3% 16.9% $445,000

UPPER COOMERA 127 $457,500 4.5% $437,000 5.3% 5.4% $414,500

VARSITY LAKES 34 $592,500 6.8% $551,000 7.3% 14.8% $480,000

WONGAWALLAN ^ 9 N/A N/A $628,000 -16.3% -2.6% $645,000

WORONGARY 9 N/A N/A $425,000 3.8% 4.9% $405,000

WORONGARY ^ 7 N/A N/A $730,000 7.4% 16.8% $625,000

GOLD COAST (LGA) 1936 $375,000 -0.3% $372,000 1.9% -0.8% $375,000

ARUNDEL 11 N/A N/A $321,000 3.6% -1.2% $325,000

ASHMORE 16 N/A N/A $304,000 7.5% -1.9% $310,000

BENOWA 17 N/A N/A $537,000 -18.0% 9.6% $490,000

BIGGERA WATERS 69 $350,000 -24.0% $427,000 3.5% 23.8% $345,000

BILINGA 10 N/A N/A $480,000 17.1% -9.9% $532,500

BROADBEACH 105 $440,000 -1.8% $438,250 -4.7% -8.2% $477,500

BROADBEACH WATERS 15 N/A N/A $445,000 15.6% 9.9% $404,750

BUNDALL 4 N/A N/A $320,000 -4.7% -3.0% $330,000

BURLEIGH HEADS 74 $416,000 8.1% $410,000 1.2% 6.1% $386,250

BURLEIGH WATERS 34 $385,000 4.9% $375,000 7.3% 6.7% $351,500

CARRARA 47 $355,000 -7.8% $407,500 -6.3% -4.1% $425,000

CLEAR ISLAND WATERS 7 N/A N/A $440,000 4.8% -9.7% $487,500

COOLANGATTA 55 $640,000 32.0% $470,000 13.4% 5.0% $447,500

COOMBABAH 31 $338,000 -2.2% $332,500 0.8% -2.2% $340,000

COOMERA 56 $454,000 25.5% $352,550 0.9% 12.7% $312,950

CURRUMBIN 16 N/A N/A $467,000 14.2% 19.3% $391,500

CURRUMBIN WATERS 18 N/A N/A $342,000 3.6% 4.6% $327,000

ELANORA 24 $338,500 -14.7% $342,500 11.8% 1.9% $336,000

HELENSVALE 33 $397,500 -3.1% $410,000 9.9% 0.0% $410,000

HIGHLAND PARK 13 N/A N/A $275,000 6.8% -6.5% $294,250

HOLLYWELL 4 N/A N/A $655,500 5.7% -48.1% $1,262,500

HOPE ISLAND 94 $615,000 8.2% $590,000 25.8% 38.8% $425,000

LABRADOR 103 $330,000 -0.9% $322,000 -5.3% 1.9% $316,000

MAIN BEACH 24 $580,000 -19.3% $630,000 13.5% 4.1% $605,000

MERMAID BEACH 65 $355,000 7.6% $350,000 -4.8% -5.4% $370,000

MERMAID WATERS 29 $369,500 1.9% $369,000 15.5% 15.3% $320,000

MERRIMAC 20 $320,000 -9.9% $327,500 -3.7% -22.4% $422,000

MIAMI 28 $404,250 -2.7% $405,000 9.5% 10.2% $367,500

MUDGEERABA 19 N/A N/A $321,250 -4.1% -4.1% $335,000

NERANG 41 $311,000 -0.6% $300,000 0.3% -1.6% $305,000

ORMEAU 8 N/A N/A $350,000 1.5% -5.4% $370,000

OXENFORD 13 N/A N/A $292,500 0.9% 0.9% $290,000

PACIFIC PINES 16 N/A N/A $342,500 -2.7% -9.5% $378,500

PALM BEACH 72 $360,000 3.5% $350,000 2.8% -5.4% $370,000

PARADISE POINT 20 $537,000 -16.1% $620,000 1.2% 22.2% $507,500

PARKWOOD 11 N/A N/A $320,000 8.5% 1.6% $315,000

PIMPAMA 8 N/A N/A $346,250 1.8% -5.4% $365,900

REEDY CREEK 33 $310,500 3.7% $307,000 4.1% -4.8% $322,500

ROBINA 59 $412,000 3.0% $422,000 -6.0% -9.2% $465,000

RUNAWAY BAY 45 $409,000 -18.2% $462,500 18.9% 30.8% $353,500

SOUTHPORT 141 $340,000 -2.9% $344,500 4.4% 1.3% $340,000

SURFERS PARADISE 279 $365,000 7.0% $349,500 1.3% -9.2% $385,000

TUGUN 27 $396,500 10.1% $395,000 6.2% -4.1% $412,000

UPPER COOMERA 24 $330,750 -1.3% $330,000 7.1% -4.9% $347,000

VARSITY LAKES 57 $410,000 1.4% $405,000 4.4% 1.8% $398,000


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

http://www.stgeorge.com.au/personal/home-loans






SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

112

511

1,612

920

114 56

450

1,294

743

92 60

285

785

490

50

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

BRISBANE UNIT SALES


*Preliminary data

336

448 431

120

11

282

393

286

88

11

203

266

147

60

6

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


*Preliminary data

411

1,002 913

715

163

322

843 831

630

146 189

590 580

431

103

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



*Preliminary data

35

92

28

7

26

62

27

8

24

50

17

8

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


*Preliminary data

103

288

330

211

42

125

271 283

233

45

80

189

228

159

28

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



*Preliminary data

56

24

7 4

42

27

6 2

29

19

8

2

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


*Preliminary data

21 22

5 3

22 22

6

2

25

18

3 1

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


*Preliminary data

7

5

9

3

14

6

4

2

7

5 5 5

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


*Preliminary data

9

11

19

9

16 17

9

14

19

13

7

1

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


*Preliminary data

15

11

3 3

22

8

14

5

15

5 4

0

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


*Preliminary data

63

37

23 20

52

43 37

17

44

34

14

3

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


*Preliminary data

291

101

67 50

11

247

91

55 39

9

167

44 34 27 3

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


*Preliminary data

GOLD COAST CITY $395 2340 $370 2395

4209CANOWINDRA/ COOMERA/ PIMPAMA/ WILLOW VALE/ YAWALPAH

$305 8 $310 6

4210OXENFORD/ STUDIO VILLAGE/ WONGAWALLAN

$305 17 $315 18

4211ADVANCETOWN/ BEECHMONT/ BINNA BURRA/ CARRARA/ GAVEN/ NERANG

$320 46 $335 41

4212BOYKAMBIL/ HELENSVALE/ HOPE ISLAND/ SANCTUARY COVE

$420 40 $400 50

4214 ARUNDEL/ ASHMORE/ ERNEST/ PARKWOOD $330 15 $300 17

4215CHIRN PK/ SOUTHPORT/ LABRADOR/ KEEBRA PK

$370 560 $355 532

4216BIGGERA WTRS/ COOMBABAH/ HOLLYWELL/ PARADISE PT/ RUNAWAY BAY

$410 237 $360 207

4217BENOWA/ BUNDALL/ MAIN BCH/ SORRENTO/ SURFERS PARADISE

$450 527 $420 545

4218BROADBEACH/ MERMAID BCH/ NOBBY BCH/ RIALTO

$400 263 $380 304

4220ANDREWS/ BURLEIGH/ MIAMI/ TALLY VALLEY

$400 171 $385 180

4221 ELANORA/ PALM BCH $350 121 $330 114

4223 CURRUMBIN/ CURRUMBIN VALLEY $395 31 $380 35

4224 TUGUN $355 35 $350 41

4225BILINGA/ COOLANGATTA/ GREENMOUNT/ KIRRA/ RAINBOW BAY

$370 103 $350 95

4226 KERRYDALE/ MERRIMAC/ ROBINA $425 49 $415 62

4227 REEDY CK/ STEPHENS/ VARSITY LAKES $300 111 $370 142

SCENIC RIM REGIONAL $250 28 $220 27

4285BEAUDESERT/ CEDAR VALE/ INNISPLAIN/ KOORALBYN/ LAMINGTON/ ETC

$235 24 $210 23



GOLD COAST (LGA) 123 $239,900 0.0% $240,000 4.4% 0.7% $238,261

GOLD COAST (LGA) ^ 22 $357,500 -5.9% $390,000 9.9% -9.3% $430,000

COOMERA 19 N/A N/A $238,500 3.0% 13.8% $209,500

ELANORA 0 N/A N/A $290,000 -9.5% -7.9% $315,000

GILSTON 2 N/A N/A $285,000 8.8% 14.0% $250,000

HELENSVALE 4 N/A N/A $500,000 -8.9% -9.1% $550,000

HOPE ISLAND 0 N/A N/A $481,250 31.9% 37.5% $350,000

MAUDSLAND 0 N/A N/A $235,000 2.4% -9.6% $260,000

ORMEAU 5 N/A N/A $235,000 4.7% -10.6% $263,000

ORMEAU HILLS 2 N/A N/A $219,875 1.6% -0.1% $220,050

PACIFIC PINES 2 N/A N/A $223,800 -2.6% -4.9% $235,350

PIMPAMA 61 $235,000 -2.1% $240,000 6.7% 9.1% $219,950

REEDY CREEK 6 N/A N/A $355,000 9.4% 5.4% $336,738

UPPER COOMERA 8 N/A N/A $239,937 4.4% 0.2% $239,500

WILLOW VALE 3 N/A N/A $217,900 3.3% N/A N/A

GOLD COAST CITY $460 849 $440 945

4208 GILBERTON/ JACOBS WELL/ ORMEAU $400 14 $400 14


$395 103 $390 98


$420 13 $395 21

4211ADVANCETOWN/ BEECHMONT/ BINNA BURRA/CARRARA/ GAVEN/ NERANG

$410 105 $400 124


$460 47 $500 56

4213AUSTINVILLE/ MUDGEERABA/ SPRINGBROOK/ TALLAI/ WORONGARY

$490 42 $450 43

4214ARUNDEL/ ASHMORE/ ERNEST/ PARKWOOD

$450 67 $430 88


$450 97 $420 93

4216BIGGERA WTRS/ COOMBABAH/HOLLYWELL/ PARADISE PT/ RUNAWAY BAY

$450 55 $450 75


$550 50 $560 35


$595 43 $550 61

4220ANDREWS/ BURLEIGH/ MIAMI/ TALLY VALLEY

$490 51 $480 56

4221 ELANORA/PALM BCH $545 44 $490 52


4224 TUGUN $485 10 N.A. 4



SCENIC RIM REGIONAL $350 134 $300 116

4270TAMBORINE/ BIDDADDABA/ BOYLAND/ MUNDOOLUN/ WONGLEPONG

$400 8 N/A 4

4272 MT TAMBORINE $420 38 $420 14

4285BEAUDESERT/ CEDAR VALE/ INNISPLAIN/ KOORALBYN/ LAMINGTON/ ETC

$310 44 $305 50

4309 ARATULA/ KALBAR $285 7 $270 14

4310 BOONAH/ DUGANDEN/ MT ALFORD $280 23 $270 21

GOLD COAST CITY $405 1035 $390 1061

4208 GILBERTON/ JACOBS WELL/ ORMEAU $390 9 $370 9


$375 163 $360 160


$360 7 $395 17

4211ADVANCETOWN/ BEECHMONT/ BINNA BURRA/ CARRARA/ GAVEN/ NERANG

$395 164 $370 172


$460 59 $430 31

4213AUSTINVILLE/ MUDGEERABA/ SPRINGBROOK/ TALLAI/ WORONGARY

$390 31 $370 32

4214ARUNDEL/ ASHMORE/ ERNEST/ PARKWOOD

$390 36 $380 51


$420 104 $400 112

4216BIGGERA WTRS/ COOMBABAH/ HOLLYWELL/ PARADISE PT/ RUNAWAY BAY

$390 83 $400 78


$460 46 $440 43


$480 27 $425 28

4220 ANDREWS/ BURLEIGH/ MIAMI/ TALLY VALLEY $470 21 $410 38

4221 ELANORA/ PALM BCH $420 34 $400 22


4224 TUGUN $440 16 $440 16





150

940

2,860

512

121

788

2,797

540

89

580

1,751

277

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




1,723

2,076

939

46

1,405

1,917

918

38

1,077

1,476

715

25

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



37

750

1,064

198

30

588

985

176

41

471

739

141

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




307

252

82

272 242

85

192 162

46

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



109

604

707

80 95

532

630

87 71

373

503

48

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




286

136

18

302

96

18

214

62

14

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



230

58

12

198

62

15

136

42

3

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



68

54

13

58

44

17

38

28

7

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



195

94

18

202

76

34

168

59

27

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



107 95

25

130

85

28

92

64

13

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



308

223

66

266

224

81

221

134

44

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


*Preliminary data

201

338

178 159

312

150 155

213

97

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



23


MARCH QUARTER 2016

33

145

165 161

51

96

137

73

13

50

71

19

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

BRISBANE LAND SALES


*Preliminary data

1,266

461

70 46

924

331

45 37

413

192

35 17

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


*Preliminary data

431

137

39 17 17

293

118

23 21 19

89

25 17 7 7

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



*Preliminary data

171

8 3

109

8 5

35

3 9

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


*Preliminary data

196 213

65

30 6

113

147

48

22 12

76

51

24 8 2

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



*Preliminary data

150

3 5

114

5 3

87

2 1

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


*Preliminary data

86

1 2

59

6 3

39

0 1

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


*Preliminary data

25

5

2

17

0 2

13

0 0

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


*Preliminary data

96

7 1

89

2 3

39

2 0

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


*Preliminary data

45

5 2

32

7

2

24

1 1

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


*Preliminary data

173

13 5

109

8 9

36

3 3

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


*Preliminary data

142

30

12

112

30

9

66

11 5

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


*Preliminary data



TOOWOOMBA

33

145

165 161

51

96

137

73

13

50

71

19

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

BRISBANE LAND SALES


*Preliminary data

1,266

461

70 46

924

331

45 37

413

192

35 17

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


*Preliminary data

431

137

39 17 17

293

118

23 21 19

89

25 17 7 7

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



*Preliminary data

171

8 3

109

8 5

35

3 9

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


*Preliminary data

196 213

65

30 6

113

147

48

22 12

76

51

24 8 2

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



*Preliminary data

150

3 5

114

5 3

87

2 1

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


*Preliminary data

86

1 2

59

6 3

39

0 1

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


*Preliminary data

25

5

2

17

0 2

13

0 0

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


*Preliminary data

96

7 1

89

2 3

39

2 0

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


*Preliminary data

45

5 2

32

7

2

24

1 1

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


*Preliminary data

173

13 5

109

8 9

36

3 3

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


*Preliminary data

142

30

12

112

30

9

66

11 5

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


*Preliminary data

112

511

1,612

920

114 56

450

1,294

743

92 60

285

785

490

50

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

BRISBANE UNIT SALES


*Preliminary data

336

448 431

120

11

282

393

286

88

11

203

266

147

60

6

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


*Preliminary data

411

1,002 913

715

163

322

843 831

630

146 189

590 580

431

103

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



*Preliminary data

35

92

28

7

26

62

27

8

24

50

17

8

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


*Preliminary data

103

288

330

211

42

125

271 283

233

45

80

189

228

159

28

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



*Preliminary data

56

24

7 4

42

27

6 2

29

19

8

2

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


*Preliminary data

21 22

5 3

22 22

6

2

25

18

3 1

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


*Preliminary data

7

5

9

3

14

6

4

2

7

5 5 5

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


*Preliminary data

9

11

19

9

16 17

9

14

19

13

7

1

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


*Preliminary data

15

11

3 3

22

8

14

5

15

5 4

0

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


*Preliminary data

63

37

23 20

52

43 37

17

44

34

14

3

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


*Preliminary data

291

101

67 50

11

247

91

55 39

9

167

44 34 27 3

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


*Preliminary data

150

940

2,860

512

121

788

2,797

540

89

580

1,751

277

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




1,723

2,076

939

46

1,405

1,917

918

38

1,077

1,476

715

25

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



37

750

1,064

198

30

588

985

176

41

471

739

141

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




307

252

82

272 242

85

192 162

46

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



109

604

707

80 95

532

630

87 71

373

503

48

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




286

136

18

302

96

18

214

62

14

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



230

58

12

198

62

15

136

42

3

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



68

54

13

58

44

17

38

28

7

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



195

94

18

202

76

34

168

59

27

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



107 95

25

130

85

28

92

64

13

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



308

223

66

266

224

81

221

134

44

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


*Preliminary data

201

338

178 159

312

150 155

213

97

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



Toowoomba has continued to be a strong performer in the Queensland property market and employment growth is boosted with projects such as the Second Range Crossing and the Grand Central QIC redevelopment.

The residential property market is stable and the major infrastructure projects in the pipeline will support continued moderate growth and stability in the region.

The volume of activity has being easing over the past few quarters, however this has not triggered a reduction in prices as the value of properties is holding steady.

The rental market will benefit from the population growth sparked by the large infrastructure projects. The current arrangement with the Second Range Crossing-winning consortium Nexus requires them to employ only people living within 70km radius of the project.

This requirement supports a positive outlook for the residential market in Toowoomba and ensures the project multiplier effects remain in the region.

HOUSE MARKET

The residential sales activity for houses showed a contraction of about 550 properties over the 12 months to March 2016. Despite this contraction, the annual median sale price showed a modest increase of one per cent over the 12 months to March, reaching $352,500.

Owner-occupiers with a price range below $500,000 are leading the activity in the property market. Buyers are more cautious and there is not a sense of urgency in the market. Similarly, vendors are holding listings and assessing the market prior to making decisions to list their properties.

Average days on market at 72 days for February 2016 remain around similar levels than Greater Brisbane and even lower than the Sunshine Coast. Vendor discount was sitting at a healthy level around 5.9 per cent in February 2016. However, it has increased from 4.7 per cent in February 2015 due to higher price expectations from vendors.

The medium-term growth (five years) of the median sale price was 19.5 per cent to March 2016. This represented a stable and healthy annual increase in the house property market of about 3.6 per cent.

UNIT MARKET

New unit developments in Toowoomba are now characterised as providing more value for money as they offer larger space and better quality. Developers have realised that there is growing demand in the top-end price market compared to smaller two-bedroom units.

The annual median sale price for units was $310,000 in March 2016, increasing by 3.7 per cent for the year. The quarterly median sale price also reported a solid increase of 2.4 per cent. The five-year median sale price growth for the units market exceeded the house market and reached an overall growth rate of 26.5 per cent, which is equivalent to an annual growth of about 4.8 per cent.

The unit market activity measured by the volume of sold property reduced in the March quarter similar to the house market. However, this contraction did not appear

to have had an impact on sale prices.

Vendor discount remained below five per cent and still sits at healthy levels, despite the increase in the days on market which was about three months in February 2016.

RENTAL MARKET

Vacancy rates for Toowoomba remained at around three per cent for the March quarter. The influx of new units coming onto the market and the easing in land size requirements for new houses in 2014 triggered an increase in the vacancy rates, which prior to 2014 remained within the one-to-two per cent range.

Local agents forecast a stable rental market over the next six months. The outlook beyond 6-12 months is promising with a potential increase in demand to provide housing to workers and employees of the Second Range Crossing project.

Local agents indicate that there are about 175 vacant properties in the market and landlords are deciding to keep rents unchanged or in some instances giving a small discount to tenants. Demand for three-bedroom townhouses remains stronger compared to other type of properties with a weekly median sale price reporting an increase from $320 to $330 over the 12 month period to March 2016. Other types of properties showed stable weekly median rents or a small reduction of about 1.2 per cent over a similar period.

25


MARCH QUARTER 2016

TOOWOOMBA (LGA) 27 $169,000 -1.0% $170,000 2.0% 17.2% $145,000

TOOWOOMBA (LGA) ^ 20 $221,250 27.3% $185,000 -2.0% 19.4% $155,000

CRANLEY 1 N/A N/A $174,500 9.1% 22.0% $143,000

GLENVALE 4 N/A N/A $170,000 -1.2% 18.9% $143,000

KEARNEYS SPRING 2 N/A N/A $181,750 -12.0% 12.5% $161,500

KLEINTON 2 N/A N/A $188,500 8.3% 26.9% $148,500

MIDDLE RIDGE 2 N/A N/A $270,500 -5.7% 34.2% $201,500

WESTBROOK 1 N/A N/A $167,500 4.4% 35.1% $124,000

WYREEMA 1 N/A N/A $160,000 8.8% 30.6% $122,500

SURROUNDS

SOUTHERN DOWNS (LGA) 18 N/A N/A $89,000 18.7% -1.1% $90,000


RENTAL MARKET - 3 BED TOWNHOUSES

RENTAL MARKET - 2 BED UNITS



TOOWOOMBA (LGA) 409 $352,250 -1.6% $352,500 1.0% 19.5% $295,000

TOOWOOMBA (LGA) ^ 83 $490,500 1.1% $502,500 3.6% 14.2% $440,000

CENTENARY HEIGHTS 27 $377,500 2.3% $367,500 3.5% 24.2% $296,000

CROWS NEST 8 N/A N/A $240,000 -5.9% 1.1% $237,500

DARLING HEIGHTS 9 N/A N/A $353,500 2.5% 16.1% $304,500

EAST TOOWOOMBA 15 N/A N/A $442,500 1.1% 20.4% $367,500

GLENVALE 20 $357,500 -3.3% $360,000 -4.6% 12.9% $318,750

GLENVALE ^ 4 N/A N/A $520,000 -3.7% 14.0% $456,250

HARLAXTON 5 N/A N/A $280,000 0.0% 14.3% $245,000

HARRISTOWN 29 $335,000 1.2% $321,125 0.7% 21.2% $265,000

HIGHFIELDS 6 N/A N/A $459,250 -7.6% 9.4% $419,900

HIGHFIELDS ^ 15 N/A N/A $525,000 0.2% 20.7% $435,000

KEARNEYS SPRING 24 $368,500 -3.5% $369,000 -3.5% 16.2% $317,500

KINGSTHORPE 6 N/A N/A $312,500 0.8% 25.9% $248,250

KLEINTON 3 N/A N/A $510,000 0.3% 30.4% $391,000

MERINGANDAN WEST ^ 6 N/A N/A $380,000 -5.0% 14.8% $331,000

MIDDLE RIDGE 18 N/A N/A $491,250 -3.2% 13.5% $433,000

MOUNT LOFTY 18 N/A N/A $465,000 8.0% 40.1% $332,000

NEWTOWN 50 $297,500 -2.5% $306,750 0.6% 19.8% $256,000

NORTH TOOWOOMBA 7 N/A N/A $308,250 -5.4% 19.5% $258,000

OAKEY 8 N/A N/A $235,000 2.8% 0.9% $233,000

PITTSWORTH 7 N/A N/A $285,000 1.8% 1.8% $280,000

RANGEVILLE 24 $403,000 -4.6% $420,000 -2.3% 14.8% $366,000

ROCKVILLE 6 N/A N/A $271,500 -5.9% 5.6% $257,000

SOUTH TOOWOOMBA 20 $337,500 3.1% $341,250 5.0% 23.4% $276,500

TOOWOOMBA CITY 7 N/A N/A $350,000 4.4% 32.6% $264,000

WESTBROOK 16 N/A N/A $443,500 -2.0% 10.9% $400,000

WILSONTON 19 N/A N/A $315,000 -0.8% 15.5% $272,750

WILSONTON HEIGHTS 7 N/A N/A $299,000 3.1% 21.3% $246,500

WYREEMA 7 N/A N/A $347,000 3.3% 19.1% $291,250

SURROUNDS

GOONDIWINDI (LGA) 14 N/A N/A $232,500 -7.0% 1.1% $230,000

GOONDIWINDI 10 N/A N/A $275,500 0.2% 2.0% $270,000

SOUTHERN DOWNS (LGA) 73 $233,000 -4.7% $235,000 -0.6% -4.1% $245,000

SOUTHERN DOWNS (LGA) ^ ~

35 $342,500 5.4% $337,500 0.8% 4.7% $322,500

STANTHORPE 18 N/A N/A $235,000 1.3% -6.0% $250,000

WARWICK 41 $240,000 -4.8% $242,000 0.8% -1.2% $245,000

WESTERN DOWNS (LGA) 28 $230,000 18.0% $220,000 -12.0% -16.7% $264,000

WESTERN DOWNS (LGA) ^ 13 N/A N/A $340,000 -3.4% -2.9% $350,000

CHINCHILLA 7 N/A N/A $246,000 -21.9% -16.0% $293,000

DALBY 14 N/A N/A $240,000 -4.0% -7.5% $259,500

DALBY ^ 6 N/A N/A $411,750 -5.3% 8.8% $378,500

TOOWOOMBA (LGA) 100 $315,000 2.4% $310,000 3.7% 26.5% $245,000

CENTENARY HEIGHTS 9 N/A N/A $329,000 24.2% 22.6% $268,250

EAST TOOWOOMBA 8 N/A N/A $341,500 -4.6% 26.5% $270,000

HARRISTOWN 8 N/A N/A $237,500 -0.6% 8.0% $220,000

HIGHFIELDS 1 N/A N/A $320,000 3.6% -8.6% $350,000

KEARNEYS SPRING 11 N/A N/A $314,500 6.6% 25.8% $250,000

NEWTOWN 9 N/A N/A $259,000 -9.4% 17.7% $220,000

RANGEVILLE 5 N/A N/A $372,250 7.0% 29.3% $288,000

SOUTH TOOWOOMBA 15 N/A N/A $331,250 7.0% 38.0% $240,000

WILSONTON 5 N/A N/A $240,000 -12.4% 13.1% $212,250

TOOWOOMBA REGIONAL $300 654 $305 592

4350

CENTENARY HEIGHTS/ DARLING HEIGHTS/ DRAYTON/ GLENVALE/ HARLAXTON/ HARRISTOWN/ KEARNEY SPRINGS/ MIDDLE RIDGE/ MOUNT LOFTY/ NEWTOWN/ RANGEVILLE/ ROCKVILLE/ TOOWOOMBA/ WESTBROOK/ WILSONTON

$304 508 $315 458

4352

CABARLAH/ GOWRIE JUNCTION/ HAMPTON/ HIGHFIELDS/ HODGSON VALE/ KLEINTON/ MERINGANDAN, RAVENSBOURNE/ WITHCOTT/ WYREEMA

$325 33 $310 31

4355 CROWS NEST/ EMU CREEK $250 17 $260 11

4356 PITTSWORTH/ MOUNT TYSON $270 18 $290 21

4357 MILLMERRAN $250 10 $260 13

4358 CAMBOOYA, RAMSAY $290 6 N/A 3

4361 CLIFTON $260 10 $230 10

4400 KINGSTHORPE $275 5 N/A 2

4401 OAKEY 270 30 280 23

GOONDIWINDI REGIONAL $280 27 $290 43

4387 INGLEWOOD $200 5 N/A 2

4390 GOONDIWINDI $280 21 $295 37

SOUTHERN DOWNS REGIONAL $260 123 $250 147

4362 ALLORA, HENDON/ TALGAI/ BERAT/ DEUCHAR $250 7 $240 9

4370WARWICK/ ROSENTHAL HEIGHTS, WOMINA/ FREESTONE/ MARYVALE

$260 75 $255 81

4380STANTHORPE/ BROADWATER/ MOUNT TULLY/ SEVERNLEA/ SUGARLOAF/ GREENLANDS/ PIKEDALE/ EUKEY

$255 33 $250 41

WESTERN DOWNS REGIONAL $220 142 $260 162

4405 DALBY $240 83 $260 79

4410 JANDOWAE $180 5 N/A N/A

4413 CHINCHILLA $200 36 $240 55

4415 MILES 190 7 260 8

TOOWOMBA REGIONAL $250 493 $250 410

4350


$255 458 N/A 392

4352

CABARLAH/ GOWRIE JUNCTION/ HAMPTON/ HIGHFIELDS/ HODGSON VALE/ KLEINTON/ MERINGANDAN/ RAVENSBOURNE/ WITHCOTT/ WYREEMA

$300 9 N/A 3

4401 OAKEY $215 8 $215 5

4614 YARRAMAN $140 5 N/A 3

GOONDIWINDI REGIONAL $200 22 $200 26

4390 GOONDIWINDI $200 21 $200 26

SOUTHERN DOWNS REGIONAL $220 43 $200 66

4370WARWICK/ ROSENTHAL HEIGHTS/ WOMINA/ FREESTONE/ MARYVALE

$200 34 $220 45

4380STANTHORPE/ BROADWATER/ MOUNT TULLY/ SEVERNLEA/ SUGARLOAF/ GREENLANDS/ PIKEDALE/ EUKEY

$230 8 $195 19


4405 DALBY $200 23 $195 34

4413 CHINCHILLA $160 28 $195 28

TOOWOOMBA REGIONAL $330 40 $320 28

4350


$330 38 $320 28

SOUTHERN DOWNS REGIONAL COUNCIL $250 10 $300 7

4370WARWICK/ ROSENTHAL HEIGHTS/ WOMINA/ FREESTONE/ MARYVALE

$250 8 N/A 3


4405 DALBY $230 6 N/A N/A

4413 CHINCHILLA $240 12 $230 7


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)




SUNSHINE COASTThe Sunshine Coast residential property market has performed positively over the past 12 months, reporting one of the largest annual median sale price growths in Queensland, equivalent to four per cent for houses and 5.6 per cent for units.

The medium-term performance (five-year outlook) has also been positive (9.1 per cent for houses and 2.7 per cent for units), however the largest increase occurred over the last year.

Confidence from investors in the Sunshine Coast slowed down slightly during the first quarter of the year due to the negative gearing debate, which is not helping to overcome the lack of rental stock in the area.

The largest projects in the region are the Sunshine Coast University Hospital due for completion in 2017 and the $347 million Sunshine Coast airport runway expansion still in the feasibility stage. The latest has been approved by the State Government with conditions and it is currently under review by the Federal Government.

The Sunshine Coast airport runway expansion will potentially generate 80 jobs and an estimated multiplier effect in the economy of $140 million during the construction period. The long-term benefit of the project is forecast to reach about $4 billion from 2020 to 2040.

Other potential development projects are Maroochydore City Centre, Sunshine Coast Light Rail project, International Submarine Broadband Cable, Caloundra CBD project, amongst others. All of these projects are still in the early stages and without funding certainty.

The Sunshine Coast is one of the state’s regions with largest economic potential. The proposed Sunshine Coast airport will provide the investment to boost economic growth, employment opportunities and to support a positive outlook for the residential property market.

HOUSE MARKET

The March quarter reported a slight increase in the median sale price from $505,000 to $510,000 for houses in the Sunshine Coast local government area.

The quarterly median sale price in Noosa fell by 2.6 per cent, from $562,000 to $547,500. Despite this reduction, Noosa remains more expensive than other areas in the Sunshine Coast. However the gap appears to be closing.

In February 2016, the average days on market in the Sunshine Coast remained relatively steady and close

to three months while the vendor discount was a very pleasing 5.6 per cent.

The Noosa house market performed slightly less favourably than the Sunshine Coast local government area. The average days on market in Noosa remained above 100 days and the vendor discount was 6.6 per cent. This was equivalent to about 20 more days and one per cent more than the Sunshine Coast local government area.

As at February 2016, the number of listings reduced by 21.2 per cent or 2,338 number of listings. This continues being a key issue in the region and has also impacted on the volume of sales.

The largest activity in the house market is sitting in the price range between $500,000 and $1 million. The volume of sales for this price range reduced from 700 in September 2015 to 630 in December 2015. Preliminary data indicates also a reduction to 503 sales in the March quarter.

UNIT MARKET

The unit market has remained relatively steady over the March quarter with the median sale price increasing slightly to $385,000 in the Sunshine Coast statistical division.

The Noosa unit market increased by 11.7 per cent in a 12-month period to March, reaching an annual median sale price of $440,000. The five year change in median sale price in Noosa increased slightly by 1.1 per cent, demonstrating large volatility in the market and a recovery period over the past 12 months.

The annual unit sales activity reduced by 547 sales or about 12.9 per cent for the Sunshine Coast statistical division. On the other hand, Noosa only reported an annual reduction in the number of sales of 11 units to March, which may in fact turned into an annual increase once the preliminary March quarter data is updated.

The average days on market for units is slightly larger compared to houses and reached about 3.5 months in February 2016. The vendor discount sits between six and seven per cent for the Sunshine Coast region and remains close but still slightly higher than other areas in the southeast corner.

RENTAL MARKET

Sunshine Coast and Noosa vacancy rates remain generally tight and below the healthy range (1.5 per cent). New developments to meet rental demand appear to be insufficient in the region.

Weekly median rent in Noosa increased by $10 or 2.3 per cent for three bedroom houses, $30 or 8.3 per cent for two bedroom units and $60 or 13 per cent for three bedroom townhouses over the past 12 months to March 2016.

The increase in the median weekly rent in Sunshine Coast regional is slower compared to Noosa, but still demand appears to be exceeding supply and local agents keep hunting for rental stock.

150

940

2,860

512

121

788

2,797

540

89

580

1,751

277

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




1,723

2,076

939

46

1,405

1,917

918

38

1,077

1,476

715

25

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



37

750

1,064

198

30

588

985

176

41

471

739

141

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




307

252

82

272 242

85

192 162

46

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



109

604

707

80 95

532

630

87 71

373

503

48

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




286

136

18

302

96

18

214

62

14

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



230

58

12

198

62

15

136

42

3

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



68

54

13

58

44

17

38

28

7

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



195

94

18

202

76

34

168

59

27

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



107 95

25

130

85

28

92

64

13

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



308

223

66

266

224

81

221

134

44

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


*Preliminary data

201

338

178 159

312

150 155

213

97

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



27


MARCH QUARTER 2016

33

145

165 161

51

96

137

73

13

50

71

19

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

BRISBANE LAND SALES


*Preliminary data

1,266

461

70 46

924

331

45 37

413

192

35 17

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


*Preliminary data

431

137

39 17 17

293

118

23 21 19

89

25 17 7 7

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



*Preliminary data

171

8 3

109

8 5

35

3 9

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


*Preliminary data

196 213

65

30 6

113

147

48

22 12

76

51

24 8 2

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



*Preliminary data

150

3 5

114

5 3

87

2 1

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


*Preliminary data

86

1 2

59

6 3

39

0 1

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


*Preliminary data

25

5

2

17

0 2

13

0 0

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


*Preliminary data

96

7 1

89

2 3

39

2 0

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


*Preliminary data

45

5 2

32

7

2

24

1 1

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


*Preliminary data

173

13 5

109

8 9

36

3 3

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


*Preliminary data

142

30

12

112

30

9

66

11 5

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


*Preliminary data

112

511

1,612

920

114 56

450

1,294

743

92 60

285

785

490

50

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

BRISBANE UNIT SALES


*Preliminary data

336

448 431

120

11

282

393

286

88

11

203

266

147

60

6

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


*Preliminary data

411

1,002 913

715

163

322

843 831

630

146 189

590 580

431

103

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



*Preliminary data

35

92

28

7

26

62

27

8

24

50

17

8

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


*Preliminary data

103

288

330

211

42

125

271 283

233

45

80

189

228

159

28

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



*Preliminary data

56

24

7 4

42

27

6 2

29

19

8

2

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


*Preliminary data

21 22

5 3

22 22

6

2

25

18

3 1

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


*Preliminary data

7

5

9

3

14

6

4

2

7

5 5 5

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


*Preliminary data

9

11

19

9

16 17

9

14

19

13

7

1

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


*Preliminary data

15

11

3 3

22

8

14

5

15

5 4

0

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


*Preliminary data

63

37

23 20

52

43 37

17

44

34

14

3

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


*Preliminary data

291

101

67 50

11

247

91

55 39

9

167

44 34 27 3

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


*Preliminary data

POMONA 5 N/A N/A $385,000 8.5% -1.0% $389,000

POMONA ^ 6 N/A N/A $495,000 2.1% -8.8% $542,750

SUNRISE BEACH 4 N/A N/A $645,500 8.5% 12.7% $573,000

SUNSHINE BEACH 9 N/A N/A $950,000 -8.7% 14.5% $830,000

TEWANTIN 47 $475,000 7.0% $460,000 2.2% 2.2% $450,000


SUNSHINE COAST (SD) 1025 $515,000 1.0% $507,500 4.0% 9.1% $465,000

SUNSHINE COAST (SD) ^ 204 $580,000 -7.9% $607,500 6.7% 7.0% $567,500

SUNSHINE COAST (LGA) 878 $510,000 1.0% $500,000 4.2% 9.6% $456,000

SUNSHINE COAST (LGA) ^ 129 $592,500 -6.8% $615,000 6.0% 10.8% $555,000

ALEXANDRA HEADLAND 2 N/A N/A $900,000 11.8% 30.7% $688,500

AROONA 13 N/A N/A $497,500 10.6% 13.1% $440,000

BATTERY HILL 14 N/A N/A $466,500 2.5% 12.4% $415,000

BEERWAH 22 $436,250 8.4% $397,750 2.0% -1.8% $405,000

BIRTINYA 4 N/A N/A $575,000 3.1% 0.9% $570,000

BLI BLI 25 $462,000 -0.7% $455,000 5.8% 13.8% $400,000

BOKARINA 4 N/A N/A $593,750 5.1% 27.4% $466,000

BUDDINA 13 N/A N/A $615,000 6.0% 0.4% $612,486

BUDERIM 104 $575,000 2.8% $565,000 2.9% 8.1% $522,750

BUDERIM ^ 1 N/A N/A $886,000 -5.7% -8.7% $970,000

BURNSIDE 14 N/A N/A $412,500 4.6% 7.8% $382,500

CALOUNDRA WEST 41 $469,000 6.7% $450,000 5.0% 7.8% $417,471

COES CREEK 7 N/A N/A $379,000 5.9% -3.9% $394,500

COOLUM BEACH 24 $567,500 1.6% $530,500 4.0% 15.3% $460,000

CURRIMUNDI 19 N/A N/A $470,000 4.4% 11.0% $423,250

DICKY BEACH 5 N/A N/A $771,250 12.1% 51.2% $510,000

EUMUNDI 3 N/A N/A $517,500 12.5% 45.8% $355,000

EUMUNDI ^ 2 N/A N/A $710,000 2.1% 14.5% $620,000

GLASS HOUSE MOUNTAINS 13 N/A N/A $422,500 0.0% -0.6% $425,000

GLASS HOUSE MOUNTAINS ^ 4 N/A N/A $525,000 11.1% 11.7% $470,000

GOLDEN BEACH 26 $504,000 4.5% $485,000 4.5% 7.3% $452,000

KULUIN 15 N/A N/A $445,000 14.1% 14.5% $388,500

LANDSBOROUGH 10 N/A N/A $367,500 2.9% -3.3% $380,000

LITTLE MOUNTAIN 30 $532,500 0.5% $527,250 6.8% 15.4% $457,000

MALENY 12 N/A N/A $459,000 4.3% 6.3% $432,000

MALENY ^ 6 N/A N/A $562,500 -5.9% -4.0% $586,000

MARCOOLA 12 N/A N/A $530,000 6.0% 17.7% $450,170

MAROOCHYDORE 37 $547,500 3.7% $520,000 7.2% 14.9% $452,500

MERIDAN PLAINS 5 N/A N/A $429,750 -4.5% 2.3% $420,000

MINYAMA 5 N/A N/A $1,000,000 35.4% 8.7% $920,000

MOFFAT BEACH 6 N/A N/A $633,500 0.6% 13.1% $560,000

MOOLOOLABA 24 $640,000 -19.5% $650,000 -2.3% 25.2% $519,050

MOOLOOLAH VALLEY 6 N/A N/A $423,000 11.3% 6.0% $399,000

MOOLOOLAH VALLEY ^ 4 N/A N/A $537,500 -0.5% -4.4% $562,250

MOUNT COOLUM 17 N/A N/A $590,000 21.7% 22.2% $483,000

MOUNTAIN CREEK 41 $520,000 -5.5% $540,000 1.9% 10.2% $490,000

MUDJIMBA 3 N/A N/A $630,000 12.5% 34.0% $470,000

NAMBOUR 43 $343,250 1.0% $350,000 2.9% 6.1% $330,000

NINDERRY ^ 4 N/A N/A $575,000 -3.4% 6.5% $540,000

PACIFIC PARADISE 10 N/A N/A $405,000 1.3% 3.8% $390,000

PALMWOODS 19 N/A N/A $442,500 -0.6% 1.0% $438,000

PARREARRA 13 N/A N/A $600,750 7.3% 8.0% $556,500

PELICAN WATERS 35 $667,500 -3.6% $670,000 1.9% 7.6% $622,500

PEREGIAN SPRINGS 30 $550,000 -7.2% $570,000 1.8% 10.7% $515,000

SIPPY DOWNS 43 $480,000 2.1% $464,500 4.6% 5.6% $440,000

TANAWHA ^ 8 N/A N/A $896,250 3.4% 27.6% $702,500

TWIN WATERS 13 N/A N/A $722,500 3.2% 7.0% $675,000

WARANA 12 N/A N/A $550,000 3.8% 22.9% $447,500

WOOMBYE 9 N/A N/A $435,000 9.4% 4.8% $415,000

WURTULLA 18 N/A N/A $535,000 11.5% 15.7% $462,500

YANDINA 5 N/A N/A $375,000 0.0% -1.3% $380,000

YAROOMBA 4 N/A N/A $561,050 -3.3% 12.2% $500,000

SURROUNDS

NOOSA (LGA) 147 $547,500 -2.6% $550,000 -1.8% 0.7% $546,000

NOOSA (LGA) ^ 75 $565,000 -8.0% $590,500 7.4% 0.5% $587,500

BLACK MOUNTAIN ^ 9 N/A N/A $567,500 8.6% 5.6% $537,500

COORAN ^ 4 N/A N/A $480,000 27.7% 14.8% $418,000

COOROIBAH ^ 6 N/A N/A $597,500 10.1% 4.3% $572,625

COOROY 10 N/A N/A $435,000 2.4% 1.6% $428,000

DOONAN ^ 14 N/A N/A $685,000 8.7% -12.1% $779,000

NOOSA HEADS 12 N/A N/A $745,000 8.0% 16.4% $640,000

NOOSAVILLE 39 $823,000 8.3% $770,000 -0.7% 6.9% $720,000

PEREGIAN BEACH 7 N/A N/A $735,000 16.7% 16.2% $632,500

SUNSHINE COAST (SD) 701 $385,000 0.7% $380,000 5.6% 2.7% $370,000

SUNSHINE COAST (LGA) 556 $370,000 -0.5% $370,000 3.7% 2.8% $360,000

ALEXANDRA HEADLAND 22 $290,000 -33.9% $346,500 5.0% 6.1% $326,500

BATTERY HILL 8 N/A N/A $258,500 2.2% 5.5% $245,000

BIRTINYA 4 N/A N/A $422,500 -4.5% -16.3% $505,000

BUDDINA 4 N/A N/A $440,000 3.5% 12.7% $390,250

BUDERIM 30 $361,000 -8.6% $390,000 4.9% -1.3% $395,250

CALOUNDRA 34 $357,000 -4.8% $381,000 -2.3% -8.9% $418,000

CALOUNDRA WEST 8 N/A N/A $367,500 20.5% 13.1% $325,000

COOLUM BEACH 24 $356,500 -7.0% $360,000 1.4% -9.0% $395,500

CURRIMUNDI 8 N/A N/A $379,000 3.8% 6.8% $355,000

GOLDEN BEACH 24 $465,000 18.0% $408,000 20.0% 19.1% $342,500

KINGS BEACH 35 $364,000 -4.2% $380,000 0.5% -10.0% $422,000

LITTLE MOUNTAIN 2 N/A N/A $308,000 -21.0% 1.0% $305,000

MARCOOLA 21 $336,000 10.2% $310,000 -2.4% -10.5% $346,250

MAROOCHYDORE 94 $377,500 9.9% $355,000 -3.5% -4.3% $371,000

MINYAMA 10 N/A N/A $345,500 15.2% 19.1% $290,000

MOFFAT BEACH 6 N/A N/A $475,000 -5.0% 36.3% $348,500

MOOLOOLABA 65 $337,500 -10.0% $358,500 -3.1% -3.5% $371,500

MOUNT COOLUM 13 N/A N/A $327,500 -7.8% -5.1% $345,000

MOUNTAIN CREEK 16 N/A N/A $375,000 0.1% 45.1% $258,500

NAMBOUR 23 $311,000 18.5% $250,000 2.0% -7.1% $269,250

PARREARRA 13 N/A N/A $440,000 3.5% -18.5% $540,000

PELICAN WATERS 8 N/A N/A $490,625 5.5% 4.4% $470,000

PEREGIAN SPRINGS 12 N/A N/A $297,500 11.8% 12.3% $265,000

TWIN WATERS 8 N/A N/A $520,000 9.0% 4.0% $500,000

WARANA 15 N/A N/A $365,000 14.6% 21.7% $300,000

WURTULLA 3 N/A N/A $379,000 5.6% 26.3% $300,000

SURROUNDS

NOOSA (LGA) 145 $450,000 -2.2% $440,000 11.7% 1.1% $435,000

COOROY 2 N/A N/A $319,000 -4.4% -9.5% $352,500

NOOSA HEADS 51 $705,000 19.8% $581,000 39.2% -5.1% $612,500

NOOSAVILLE 42 $413,500 5.7% $415,000 11.9% 15.3% $360,000

PEREGIAN BEACH 15 N/A N/A $400,000 8.1% 14.3% $350,000

SUNRISE BEACH 9 N/A N/A $373,500 7.6% -6.6% $400,000

SUNSHINE BEACH 14 N/A N/A $537,500 4.2% -19.3% $665,750

TEWANTIN 9 N/A N/A $300,000 6.4% 7.1% $280,000


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)







SUNSHINE COAST REGIONAL $430 703 $420 774

4518 GLASS HOUSE MOUNTAINS $370 12 $385 11

4519 BEERWAH/ PEACHESTER $370 15 $340 26

4550 LANDSBOROUGH/ MT MELLUM $390 8 $350 11

4551

AROONA/ BATTERY HILL/ CALOUNDRA/ CURRIMUNDI/ DIAMOND HEAD/ DICKY BCH/ GOLDEN BCH/ KINGS BCH/ LITTLE MTN/ MERIDAN PLNS/ MOFFAT BCH/ PELICAN WATERS/ SHELLY BCH

$420 149 $410 160

4552BALD KNOB/ BAROON POCKET/ BOOROOBIN/ CONONDALE/ MALENY/ MOUNTAIN VIEW/ REESVILLE/ WITTA

$365 14 $370 24

4553GLENVIEW/ MOOLOOLAH/ MOOLOOLAH VALLEY/ PALMVIEW

$380 9 $410 9

4555CHEVALLUM/ HUNCHY/ LANDERS SHOOT/ PALMWOODS

$395 7 $380 8

4556BUDERIM/ FOREST GLEN/ KUNDA PK/ MONS/ SIPPY DOWNS/ TANAWHA

$440 85 $440 82

4557BUNDILLS/ KAWANA IS/ MOOLOOLABA/ MOUNTAIN CK

$460 35 $455 49

4558COTTON TREE/ KULUIN/ MAROOCHYDORE/ SUNSHINE PLAZA

$460 48 $430 55

4560

BLI BLI/ BURNSIDE/ COES CK/ COOLOOLABIN/ DULONG/ FLAXTON/ HIGHWORTH/ IMAGE FLAT/ KIAMBA/ KULANGOOR/ KUREELPA/ MAPLETON/ MONTVILLE/ NAMBOUR/ PARKLANDS/ PERWILLOWEN/ ROSEMONT/ TOWEN MTN

$390 81 $370 80

4561BRIDGES/ MAROOCHY RIVER/ NINDERRY/ NTH ARM/ VALDORA/ YANDINA/ YANDINA CK

$400 10 $350 6

4562BELLI PK/ DOONAN/ EERWAH VALE/ EUMUNDI/ VERRIERDALE/ WEBA DOWNS

$440 7 $430 12

4564MARCOOLA/ MUDJIMBA/ PACIFIC PARADISE

$430 28 $390 26

4572 ALEXANDRA HEADLAND $450 5 $520 6

4573CENTENARY HEIGHTS/ COOLUM BCH/ MARCUS BCH/ MT COOLUM/ PEREGIAN BCH/ PT ARKWRIGHT/ YAROOMBA

450 77 440 85

4575BIRTINYA/ BOKARINA/ BUDDINA/ KAWANA WATERS/ MINYAMA/ PARREARRA/ WARANA/ WURTULLA

450 105 425 111



4551


$330 140 $325 153


$340 60 $325 77


$340 120 $330 125


$360 151 $360 174

4560


$270 36 $250 41

4564 MARCOOLA/ MUDJIMBA/ PACIFIC PARADISE $365 33 $380 59

4572 ALEXANDRA HEADLAND $360 37 $360 46


$350 62 $360 70


$395 96 $400 104

NOOSA SHIRE $390 84 $360 105

4565BOREEN PT/ COOTHARABA/ LAKE COOTHARABA/ NOOSA PARKLANDS/ TEEWAH/ TEWANTIN

N/A 4 $300 10

4566 MUNNA PT/ NOOSAVILLE $370 36 $360 31

4567CASTAWAYS BCH/ LITTLE COVE/ NOOSA HEADS/ SUNRISE BCH/ SUNSHINE BCH

$400 43 $365 63



4551


$420 27 $405 46


$405 51 $400 36


$430 32 $420 34


$400 26 $380 34

4560


$385 11 $380 14

4564 MARCOOLA/ MUDJIMBA/ PACIFIC PARADISE $385 14 $410 11


$440 24 $440 35


$390 6 $400 8

NOOSA SHIRE $520 21 $460 26



$520 12 $460 11

SUNSHINE COAST (SD) 133 $242,000 -9.2% $256,000 4.5% -0.8% $258,000

SUNSHINE COAST (SD) ^ 28 $330,000 -1.5% $320,000 4.9% 0.0% $320,000

SUNSHINE COAST (LGA) 115 $230,000 -11.5% $251,000 2.7% -0.8% $253,000

SUNSHINE COAST (LGA) ^ 26 $330,000 -1.5% $320,000 3.2% 0.8% $317,500

BEERWAH 24 $218,500 1.6% $215,000 2.9% 14.5% $187,750

BIRTINYA 0 N/A N/A $298,500 8.6% -8.8% $327,250

BLI BLI 9 N/A N/A $260,500 4.6% 8.8% $239,500

CALOUNDRA WEST 2 N/A N/A $230,500 9.8% -20.5% $290,000

FOREST GLEN 2 N/A N/A $259,000 3.6% -1.7% $263,375

GLASS HOUSE MOUNTAINS 4 N/A N/A $198,000 1.5% -2.2% $202,500

LITTLE MOUNTAIN 0 N/A N/A $256,250 7.7% 1.7% $252,000

MALENY 2 N/A N/A $244,950 8.9% 16.6% $210,000

MAROOCHYDORE 6 N/A N/A $245,000 -0.2% 8.1% $226,575

MERIDAN PLAINS 4 N/A N/A $244,900 6.0% -6.7% $262,450

MOUNTAIN CREEK 5 N/A N/A $299,000 12.0% 12.8% $265,000

NAMBOUR 1 N/A N/A $184,000 6.7% -1.9% $187,500

PALMVIEW ^ 4 N/A N/A $320,000 3.2% N/A N/A

PELICAN WATERS 18 N/A N/A $269,000 -24.2% -23.1% $350,000

PEREGIAN SPRINGS 1 N/A N/A $375,000 31.6% 53.1% $245,000

SIPPY DOWNS 5 N/A N/A $195,000 -2.0% -16.5% $233,625

YAROOMBA 2 N/A N/A $322,500 -10.4% -5.1% $340,000

SURROUNDS

NOOSA (LGA) 18 N/A N/A $320,000 16.4% 2.2% $313,110

NOOSAVILLE 9 N/A N/A $334,500 -1.6% 6.8% $313,110

PEREGIAN BEACH 2 N/A N/A $245,000 4.3% -25.8% $330,000


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)



NOOSA SHIRE $450 114 $440 108

4563BLACK MOUNTAIN/ CARTERS RIDGE/ COOROY/ TINBEERWAH

$440 10 $390 15

4565BOREEN PT/ COOTHARABA/ LAKE COOTHARABA/ NOOSA PARKLANDS/ TEEWAH/ TEWANTIN

$430 40 $430 36



$530 33 $480 31

4568 POMONA $430 5 $390 10

4569 COORAN 320 9 N/A 2

29


MARCH QUARTER 2016

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FRASER COASTOver the past few years, the new house and land package market in the Fraser Coast has been boosted by first-home owners accessing a $27,000 grant from the Great Start Grant and the Building Better Regional Cities Grant. While the second grant is due to expire by 30 June 2016, the projections of the house market in the area are conservative with a fear of an increased oversupply of housing.

First-home owners continue driving the demand as they are seeing good value in the current market conditions.

The median price for houses remained fairly stable over the March quarter while the unit median sale price showed a sharp improvement of about 6.2 per cent.

The rental market remains relatively stable despite the increase in new housing stock. New large infrastructure projects in the area are limited and that is a concern for the long-term projection of the residential property market in the region.

Overall, the house market remains steady while the units market may be stabilising in the Fraser Coast.

HOUSE MARKET

The annual median sale price increased by almost two per cent from $295,000 in March 2015 to $300,500 in March 2016 and the volume of sales also reported an annual increase of about 8.3 per cent , or 120 properties.

This increase has been driven primarily by the Great Start Grant in combination with the Building Better Region Grant. The latest is due to expire by the end of June 2016.

The medium-term performance of the market has been steady with the median sale price staying at around $300,000. The largest volume of sales activity remains below $350,000.

There is a portion of sellers having high expectations on property prices, which is actually driving large average days on market, which are now reaching close to four months. The vendor discount remains sitting between 7.5 per cent and 7.9 per cent.

UNIT MARKET

The annual median sale price for units has fallen by 6.5 per cent in 12 months and 8.8 per cent in five years. This slip has been driven primarily by the reduction in value of units located in five-star luxury resorts, which were a very popular construction around 2005. The market for this type of unit is very limited as the returns are low and the annual body corporate fees potentially fluctuate between $5,000 and $8,000.

The unit market activity reported an annual increase in sales of about 61 more units, which is equivalent to an increase of 22.5 per cent. The volume of sales for units priced above $250,000 is scarce.

The average days on market for units is about 127 days while the vendor discount increased from 5.7 per cent in February 2015 to 7.6 per cent in February 2016.

RENTAL MARKET

Vacancy rates in the region have generally remained at healthy levels over the past three years for both Hervey Bay and Maryborough.

The median weekly rent for a three-bedroom house and a two-bedroom unit increased by $10 in the March 2016 quarter, reaching $290 and $250 per week, respectively. Three bedroom townhouses reported a reduction of $20 per week.

The rental market in Fraser Coast remains stable and the gross rental yields are sitting at around 5.1 per cent for both units and houses.

33

145

165 161

51

96

137

73

13

50

71

19

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

BRISBANE LAND SALES


*Preliminary data

1,266

461

70 46

924

331

45 37

413

192

35 17

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


*Preliminary data

431

137

39 17 17

293

118

23 21 19

89

25 17 7 7

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



*Preliminary data

171

8 3

109

8 5

35

3 9

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


*Preliminary data

196 213

65

30 6

113

147

48

22 12

76

51

24 8 2

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



*Preliminary data

150

3 5

114

5 3

87

2 1

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


*Preliminary data

86

1 2

59

6 3

39

0 1

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


*Preliminary data

25

5

2

17

0 2

13

0 0

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


*Preliminary data

96

7 1

89

2 3

39

2 0

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


*Preliminary data

45

5 2

32

7

2

24

1 1

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


*Preliminary data

173

13 5

109

8 9

36

3 3

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


*Preliminary data

142

30

12

112

30

9

66

11 5

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


*Preliminary data

112

511

1,612

920

114 56

450

1,294

743

92 60

285

785

490

50

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

BRISBANE UNIT SALES


*Preliminary data

336

448 431

120

11

282

393

286

88

11

203

266

147

60

6

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


*Preliminary data

411

1,002 913

715

163

322

843 831

630

146 189

590 580

431

103

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



*Preliminary data

35

92

28

7

26

62

27

8

24

50

17

8

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


*Preliminary data

103

288

330

211

42

125

271 283

233

45

80

189

228

159

28

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



*Preliminary data

56

24

7 4

42

27

6 2

29

19

8

2

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


*Preliminary data

21 22

5 3

22 22

6

2

25

18

3 1

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


*Preliminary data

7

5

9

3

14

6

4

2

7

5 5 5

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


*Preliminary data

9

11

19

9

16 17

9

14

19

13

7

1

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


*Preliminary data

15

11

3 3

22

8

14

5

15

5 4

0

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


*Preliminary data

63

37

23 20

52

43 37

17

44

34

14

3

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


*Preliminary data

291

101

67 50

11

247

91

55 39

9

167

44 34 27 3

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


*Preliminary data

150

940

2,860

512

121

788

2,797

540

89

580

1,751

277

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




1,723

2,076

939

46

1,405

1,917

918

38

1,077

1,476

715

25

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



37

750

1,064

198

30

588

985

176

41

471

739

141

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




307

252

82

272 242

85

192 162

46

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



109

604

707

80 95

532

630

87 71

373

503

48

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




286

136

18

302

96

18

214

62

14

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



230

58

12

198

62

15

136

42

3

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



68

54

13

58

44

17

38

28

7

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



195

94

18

202

76

34

168

59

27

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



107 95

25

130

85

28

92

64

13

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



308

223

66

266

224

81

221

134

44

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


*Preliminary data

201

338

178 159

312

150 155

213

97

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



31


MARCH QUARTER 2016

SALES MARKET - UNITS & TOWNHOUSESFRASER COAST (LGA) 59 $254,750 6.2% $243,000 -6.5% -8.8% $266,500

PIALBA 12 N/A N/A $244,000 -4.3% -12.2% $278,000

SCARNESS 7 N/A N/A $265,000 10.4% 10.0% $241,000

TORQUAY 10 N/A N/A $219,000 2.8% -6.8% $235,000

URANGAN 18 N/A N/A $260,000 -6.6% -16.1% $310,000

SURROUNDS

GYMPIE (LGA) 16 N/A N/A $255,000 -8.6% 6.3% $240,000

FRASER COAST (LGA) 295 $295,000 0.0% $300,500 1.9% 0.2% $300,000

FRASER COAST (LGA) ^ 66 $382,500 -0.7% $378,000 3.6% -1.6% $384,000

BOORAL ^ 3 N/A N/A $375,000 2.7% -5.1% $395,000

BURRUM HEADS 10 N/A N/A $347,500 -12.1% -2.9% $357,750

DUNDOWRAN BEACH ^ 5 N/A N/A $560,000 12.0% 14.3% $490,000

ELI WATERS 17 N/A N/A $325,500 1.7% 0.9% $322,500

GLENWOOD ^ 6 N/A N/A $192,000 -1.5% -11.3% $216,500

GRANVILLE 5 N/A N/A $210,000 16.7% 2.4% $205,000

KAWUNGAN 10 N/A N/A $335,000 1.5% 2.8% $325,750

MARYBOROUGH 46 $185,000 -2.6% $192,000 -5.5% -14.7% $225,000

PIALBA 13 N/A N/A $288,500 6.9% -1.5% $293,000

POINT VERNON 31 $293,750 -11.0% $310,000 5.1% -0.9% $312,750

RIVER HEADS 4 N/A N/A $300,000 7.1% -2.4% $307,500

SCARNESS 10 N/A N/A $270,000 -1.5% -0.4% $271,000

TINANA 8 N/A N/A $302,500 12.0% -5.5% $320,000

TOOGOOM 11 N/A N/A $315,000 3.5% 6.3% $296,322

TORQUAY 27 $321,000 1.9% $320,000 3.8% -0.2% $320,513

URANGAN 29 $290,000 -6.5% $310,000 0.0% -3.1% $320,000

URRAWEEN 28 $327,500 -6.4% $349,250 1.5% 4.0% $335,900

SURROUNDS

GYMPIE (LGA) 113 $269,000 -5.5% $270,000 3.9% -3.6% $280,000

GYMPIE (LGA) ^ 62 $357,500 2.1% $350,000 7.7% 0.8% $347,250

CHATSWORTH ^ 0 N/A N/A $370,000 5.1% -4.4% $387,000

COOLOOLA COVE 17 N/A N/A $280,750 2.1% -6.3% $299,500

CURRA ^ 5 N/A N/A $267,500 2.9% -11.4% $302,000

GYMPIE 46 $235,000 -1.1% $232,250 -2.8% -7.3% $250,500

SOUTHSIDE 16 N/A N/A $325,000 3.2% 0.9% $322,000

TIN CAN BAY 9 N/A N/A $301,500 4.0% -13.9% $350,000

SOUTH BURNETT (LGA) 45 $215,000 19.4% $190,000 -2.6% -15.6% $225,000

SOUTH BURNETT (LGA) ^ 38 $241,000 -5.5% $235,000 -9.6% -19.6% $292,450

KINGAROY 24 $250,000 8.7% $231,375 -0.5% -11.5% $261,500

KINGAROY ^ 4 N/A N/A $349,000 -4.5% -12.8% $400,000

MURGON 5 N/A N/A $129,000 -7.9% -26.9% $176,500

NANANGO 6 N/A N/A $176,750 4.0% -17.8% $215,000

FRASER COAST (LGA) 49 $145,000 -3.0% $150,000 1.4% -4.3% $156,750

FRASER COAST (LGA) ^ 41 $70,000 -7.3% $71,000 -25.3% -21.1% $90,000

BURRUM HEADS 5 N/A N/A $110,000 4.8% -24.1% $145,000

GLENWOOD ^ 17 N/A N/A $65,500 0.0% -18.1% $80,000

RIVER HEADS 5 N/A N/A $115,000 24.3% -20.7% $145,000

TOOGOOM 4 N/A N/A $117,500 10.9% -21.7% $150,000

WONDUNNA 1 N/A N/A $155,000 -1.9% -11.4% $175,000

SURROUNDS

GYMPIE (LGA) 21 $119,000 -6.7% $126,750 10.2% 1.4% $125,000

GYMPIE (LGA) ^ 18 N/A N/A $120,000 -0.4% -4.0% $125,000

GYMPIE 6 N/A N/A $135,500 23.2% 5.4% $128,500

FRASER COAST REGIONAL $250 162 $240 171

4650 ALDERSHOT $190 40 $195 50

4655HERVEY BAY/ PIALBA/ SCARNESS/ URANGAN

$260 120 $260 119

GYMPIE REGIONAL $210 40 $215 41

4570GYMPIE/ AMAMOOR/ CURRA/ IMBIL/ KANDANGA/ MONKLAND/ SOUTHSIDE/ VICTORY HEIGHTS

$205 27 $210 28

4580 COOLOOLA/ TIN CAN BAY N/A 4 $220 5

4581 RAINBOW BEACH/ INSKIP $250 7 $250 7

SOUTH BURNETT REGIONAL $195 64 $185 65

4605 BARLIL $165 8 $155 5

4610 ALICE CREEK $200 46 $190 53





4650 MARYBOROUGH REGION $260 133 $260 114


$300 192 $300 170

4659 BURRUM/ BURRUM HEADS/ HOWARD $265 16 $270 22



$270 122 $260 119

4580 COOLOOLA/ TIN CAN BAY $280 22 $280 27

SOUTH BURNETT REGIONAL $250 131 $230 162

4605 BARLIL $200 24 $220 25

4606 CHARLESTOWN $245 13 $200 16

4608 CHARLESTOWN $230 5 $210 8

4610 ALICE CREEK $255 $63 $250 76

4615 BARKER CREEK FLAT $250 $23 $230 34



$320 41 $330 54



$330 10 $250 12



SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)


First home owners continue driving the demand as they are seeing good value in the current market conditions.



BUNDABERGThe Bundaberg residential property market is showing signs of stabilisation with a number of infrastructure projects in the horizon that have the potential to boost the economy.

Local real estate agents are reporting that the residential sales market has met the bottom of the cycle and will start moving into a recovery-to-rising phase in the near future.

The construction of the 28km gas pipeline commenced in April and is forecast for completion in about six months. It is anticipated the pipeline will be fully operational by December.

The $43 million Rubyanna wastewater treatment plant project is progressing and benefits to the economy should be visible when construction commences.

Construction at the Knauf Plasterboard plant has also started and production is scheduled to commence in June 2017. The company is now advertising online that the recruitment process is due to start around spring 2016 with the focus of employing local residents.

The Queensland State Government continues investing in improving the medical services in the region. Funding of $11 million was allocated for the improvement of medical facilities, to establish cardiology, care and ophthalmology services and also replacing of the CT unit.

The remaining latent challenge for the economy and the residential property market is jobs growth. Casual jobs are becoming very common. The medium-term prognosis of the Bundaberg residential property market appears to be positive while investment in infrastructure and from private companies is on the way.

Overall, the expectations are that any potential growth will be steady and sustainable and will support a stronger property market in the area.

HOUSE MARKET

Buyers are coming back to the market and are more active. Sales activity has been driven lately by out-of-area buyers (including interstate buyers), who have been away from the market for about six years.

Within these buyers, retirees, pre-retirees and superannuation investors are predominant. First-home buyers are also active in the market and the largest volume of sales in the house market fluctuates between the $350,000 to $410,000 price range.

The median sale price showed a slight increase in the March quarter, however the annual median sale price fell from $280,000 in March 2015 to $275,000 in March 2016.

The average days on market and the vendor discount remained relatively stable in February 2016, which provides signs of the market potentially reaching the bottom of the cycle.

The land market may soon see a new land development in Bargara in the corner of Moodies Road and Watsons Road. This project is currently owned by Investec and will most likely target owner-occupiers rather than investors.

UNIT MARKET

There are no new developments planned and this is supporting the steadying of the market. The volume of unit sales increased slightly over the past 12 months, reaching a total of 210 units in March 2016 compared to 190 units in March 2015.

The unit market is driven by young first-home buyers, self-funded retirees and some local buyers looking for waterfront holiday high-end units. Properties below the $350,000 range are the most common transactions in the area.

Some good news is that the average days on market has reduced by about one month, from 152 days in February 2015 to 123 days in February 2015. The average vendor discount remains at about eight per cent, sitting in the middle range in the overall Queensland property market.

RENTAL MARKET

The rental market remains subdued following some slippage that began six to 12 months ago when the flood-repair workers left town. Tenants, like buyers, are now conscious market conditions favour them and will shop around before making decisions.

Local agents indicate that weekly rents are discounted between per cent five and 10 per cent, hence they have returned to pre-flood rent levels.

The RTA median weakly rent data shows unchanged rents for three-bedroom houses and two-bedroom apartments. However, three-bedroom townhouses reported a reduction of about five per cent for the 12 months ending March 2016.

The market is now seeing people moving into the area to work on some of the new infrastructure projects. It is expected that this will shortly have a positive impact on vacancy rates, which are now around 5.2 per cent.

The Queensland State Government continues investing in improving the medical services in the region. Funding of $11 million was allocated for the improvement of medical facilities, to establish cardiology, care and ophthalmology services and also replacing of the CT unit.

33


MARCH QUARTER 2016

BUNDABERG REGIONAL $280 328 $280 361

4660APPLE TREE CREEK/ CHILDERS/ WOODGATE

$290 20 $275 24

4670BUNDABERG/ AVOCA/ BARGARA/ BURNETT HEADS/ INNES PARK/ KEPNOCK/ MILLBANK/ THABEBAN

$280 285 $285 315

4671 GIN GIN/ MOUNT PERRY $250 21 $250 22

NORTH BURNETT REGIONAL $230 41 $215 54

4625 ARANBANGA $245 20 $235 24

4626 BEERON $250 11 $200 10

4630 BANCROFT $200 5 $180 15









$230 157 $230 181

BUNDABERG (LGA) 182 $276,000 0.4% $275,000 -1.8% -3.5% $285,000

BUNDABERG (LGA) ^ 37 $345,000 7.8% $335,000 -4.3% 0.0% $335,000

AVENELL HEIGHTS 10 N/A N/A $280,000 8.1% 2.9% $272,000

AVOCA 12 N/A N/A $292,000 -11.0% -4.3% $305,000

BARGARA 22 $381,000 3.7% $380,000 0.7% 3.6% $366,750

BRANYAN ^ 5 N/A N/A $353,000 -11.8% -1.1% $357,000

BUNDABERG EAST 7 N/A N/A $250,000 2.5% -9.7% $277,000

BUNDABERG NORTH 8 N/A N/A $218,000 -5.2% -14.5% $255,000

BUNDABERG SOUTH 6 N/A N/A $236,000 0.4% -9.2% $260,000

BUNDABERG WEST 3 N/A N/A $240,000 -18.0% 0.4% $239,000

BURNETT HEADS 10 N/A N/A $284,500 -5.2% -2.3% $291,250

CORAL COVE 2 N/A N/A $438,500 12.4% 8.0% $406,000

KALKIE 6 N/A N/A $363,250 19.1% -0.2% $363,900

KEPNOCK 7 N/A N/A $255,625 -7.4% -9.2% $281,500

MILLBANK 9 N/A N/A $246,000 6.0% -7.5% $266,000

NORVILLE 9 N/A N/A $214,500 -4.7% -6.7% $230,000

SVENSSON HEIGHTS 11 N/A N/A $250,000 -3.9% -2.0% $255,000

THABEBAN 9 N/A N/A $265,500 -0.8% -7.3% $286,500

WALKERVALE 13 N/A N/A $230,000 -2.5% 0.0% $230,000

WOODGATE 4 N/A N/A $382,500 -11.1% -13.1% $440,000

SURROUNDS

NORTH BURNETT (LGA) 18 N/A N/A $147,000 1.4% -8.1% $160,000

BUNDABERG (LGA) 47 $246,000 -8.9% $261,250 -2.1% 4.5% $250,000

AVENELL HEIGHTS 9 N/A N/A $240,000 -4.0% 6.7% $225,000

BARGARA 18 N/A N/A $302,000 -16.7% -13.7% $350,000

BUNDABERG (LGA) 33 $148,000 -1.3% $144,000 0.0% 3.6% $139,000

BUNDABERG (LGA) ^ 7 N/A N/A $150,000 4.0% 16.3% $129,000

BRANYAN 0 N/A N/A $145,000 5.8% 10.7% $131,000



$285 20 $300 19


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

33

145

165 161

51

96

137

73

13

50

71

19

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

BRISBANE LAND SALES


*Preliminary data

1,266

461

70 46

924

331

45 37

413

192

35 17

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


*Preliminary data

431

137

39 17 17

293

118

23 21 19

89

25 17 7 7

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



*Preliminary data

171

8 3

109

8 5

35

3 9

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


*Preliminary data

196 213

65

30 6

113

147

48

22 12

76

51

24 8 2

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



*Preliminary data

150

3 5

114

5 3

87

2 1

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


*Preliminary data

86

1 2

59

6 3

39

0 1

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


*Preliminary data

25

5

2

17

0 2

13

0 0

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


*Preliminary data

96

7 1

89

2 3

39

2 0

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


*Preliminary data

45

5 2

32

7

2

24

1 1

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


*Preliminary data

173

13 5

109

8 9

36

3 3

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


*Preliminary data

142

30

12

112

30

9

66

11 5

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


*Preliminary data

112

511

1,612

920

114 56

450

1,294

743

92 60

285

785

490

50

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

BRISBANE UNIT SALES


*Preliminary data

336

448 431

120

11

282

393

286

88

11

203

266

147

60

6

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


*Preliminary data

411

1,002 913

715

163

322

843 831

630

146 189

590 580

431

103

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



*Preliminary data

35

92

28

7

26

62

27

8

24

50

17

8

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


*Preliminary data

103

288

330

211

42

125

271 283

233

45

80

189

228

159

28

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



*Preliminary data

56

24

7 4

42

27

6 2

29

19

8

2

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


*Preliminary data

21 22

5 3

22 22

6

2

25

18

3 1

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


*Preliminary data

7

5

9

3

14

6

4

2

7

5 5 5

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


*Preliminary data

9

11

19

9

16 17

9

14

19

13

7

1

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


*Preliminary data

15

11

3 3

22

8

14

5

15

5 4

0

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


*Preliminary data

63

37

23 20

52

43 37

17

44

34

14

3

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


*Preliminary data

291

101

67 50

11

247

91

55 39

9

167

44 34 27 3

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


*Preliminary data

150

940

2,860

512

121

788

2,797

540

89

580

1,751

277

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




1,723

2,076

939

46

1,405

1,917

918

38

1,077

1,476

715

25

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



37

750

1,064

198

30

588

985

176

41

471

739

141

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




307

252

82

272 242

85

192 162

46

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



109

604

707

80 95

532

630

87 71

373

503

48

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




286

136

18

302

96

18

214

62

14

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



230

58

12

198

62

15

136

42

3

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



68

54

13

58

44

17

38

28

7

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



195

94

18

202

76

34

168

59

27

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



107 95

25

130

85

28

92

64

13

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



308

223

66

266

224

81

221

134

44

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


*Preliminary data

201

338

178 159

312

150 155

213

97

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





GLADSTONEThe Gladstone economy, including the jobs market, remains weak. The median sale price for houses and units have contracted to similar levels last seen in 2007 and 2008.

In April 2016, the Queensland Government approved mining leases for the $21.7 billion Carmichael coal mine and rail project in the Galilee Basin. Further approvals are still required before construction starts.

The proposed Casper Oil Refinery remains on hold and no further developments have been announced in 2016. Local residents are now becoming concerned about the viability of the project.

The projections of the economy and the property market in the region are not very promising while job losses from major regional employers, such as Rio Tinto, QAL and NRG have occurred during the first few months in 2016. Both the house and unit sale market continue following a downward trend and there is not any indication at this stage as to when the fall will ease.

The rental market is one of the weakest in Queensland with vacancy rates reaching double digits by late 2015. Investors are constantly being challenged by current market conditions and some of them are now deciding to exit the market contemplating large losses or bankruptcy.

HOUSE MARKET

The median sale price for the quarter has dropped by 1.4 per cent, reaching $345,000. The annual fall in the median sale price is 6.7 per cent, while the five year fall is 11.4 per cent which is equivalent to an annual fall of 2.2 per cent. The volume of sales has continued dropping for the March quarter with the largest activity in the sales market remaining in the price range below $350,000.

The average vendor discount is one of the largest in the state, reaching 10.2 per cent in February 2016 compared with five per cent about five years ago. Average days on market ranged between three and four months with little significant improvement in the market.

UNIT MARKET

The unit market in Gladstone continues to soften. In March 2016, the median sale price increased by about 30 per cent. This increase is very anomalous and is just a reflection of the small number of transactions in the December quarter and the different mixture of units included in the calculations.

The volume of sales appears to be stable or has potentially increased in the March quarter (taking into consideration that the March quarter volumes are still preliminary). Despite this potential improvement in level of activity, the median sale price for the year has dropped by about 14.5 per cent with the annual median sale price reaching $265,000 compared to $310,000 about 12 months ago.

The medium-term performance of the unit market has been disappointing as the median sale price reported an accumulated reduction of about 29.3 per cent over a five-year period. This is equivalent to a loss of about $110,000 over about five years (or $22,000 per year).

Units listed for sale remain on the market an average of four months and 10 days and if they are sold, the average vendor discount is around 10 per cent . This data defines one of the weakest areas in the state and highlights the challenges experienced by the residential property market.

RENTAL MARKET

The rental market continues slip with no sign of improvement on the horizon. Vacancy rates hover around 11.3 per cent in the March quarter. The rental market has not recorded positive market conditions since late December 2012, when vacancy rates commenced to lift.

The median weekly rent has fallen over the March 2016 quarter with rents dropping between $50 to $100 dollars a week. The largest reduction in rent was seen in three-bedroom townhouses, which reduced from $350 in March 2015 to $250 in March 2016, as tenants opted for greater value, renting larger houses for a similar price range.

33

145

165 161

51

96

137

73

13

50

71

19

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

BRISBANE LAND SALES


*Preliminary data

1,266

461

70 46

924

331

45 37

413

192

35 17

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


*Preliminary data

431

137

39 17 17

293

118

23 21 19

89

25 17 7 7

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



*Preliminary data

171

8 3

109

8 5

35

3 9

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


*Preliminary data

196 213

65

30 6

113

147

48

22 12

76

51

24 8 2

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



*Preliminary data

150

3 5

114

5 3

87

2 1

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


*Preliminary data

86

1 2

59

6 3

39

0 1

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


*Preliminary data

25

5

2

17

0 2

13

0 0

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


*Preliminary data

96

7 1

89

2 3

39

2 0

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


*Preliminary data

45

5 2

32

7

2

24

1 1

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


*Preliminary data

173

13 5

109

8 9

36

3 3

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


*Preliminary data

142

30

12

112

30

9

66

11 5

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


*Preliminary data

112

511

1,612

920

114 56

450

1,294

743

92 60

285

785

490

50

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

BRISBANE UNIT SALES


*Preliminary data

336

448 431

120

11

282

393

286

88

11

203

266

147

60

6

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


*Preliminary data

411

1,002 913

715

163

322

843 831

630

146 189

590 580

431

103

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



*Preliminary data

35

92

28

7

26

62

27

8

24

50

17

8

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


*Preliminary data

103

288

330

211

42

125

271 283

233

45

80

189

228

159

28

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



*Preliminary data

56

24

7 4

42

27

6 2

29

19

8

2

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


*Preliminary data

21 22

5 3

22 22

6

2

25

18

3 1

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


*Preliminary data

7

5

9

3

14

6

4

2

7

5 5 5

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


*Preliminary data

9

11

19

9

16 17

9

14

19

13

7

1

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


*Preliminary data

15

11

3 3

22

8

14

5

15

5 4

0

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


*Preliminary data

63

37

23 20

52

43 37

17

44

34

14

3

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


*Preliminary data

291

101

67 50

11

247

91

55 39

9

167

44 34 27 3

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


*Preliminary data

150

940

2,860

512

121

788

2,797

540

89

580

1,751

277

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




1,723

2,076

939

46

1,405

1,917

918

38

1,077

1,476

715

25

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



37

750

1,064

198

30

588

985

176

41

471

739

141

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




307

252

82

272 242

85

192 162

46

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



109

604

707

80 95

532

630

87 71

373

503

48

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




286

136

18

302

96

18

214

62

14

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



230

58

12

198

62

15

136

42

3

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



68

54

13

58

44

17

38

28

7

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



195

94

18

202

76

34

168

59

27

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



107 95

25

130

85

28

92

64

13

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



308

223

66

266

224

81

221

134

44

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


*Preliminary data

201

338

178 159

312

150 155

213

97

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



35


MARCH QUARTER 2016

GLADSTONE (LGA) 23 $302,500 30.1% $265,000 -14.5% -29.3% $375,000






GLADSTONE (LGA) 75 $345,000 -1.4% $350,000 -6.7% -11.4% $395,000

GLADSTONE (LGA) ^ 26 $335,000 -14.1% $385,000 -19.4% -23.3% $502,000

AGNES WATER ^ 9 N/A N/A $326,000 -6.2% -14.2% $380,000

BOYNE ISLAND 5 N/A N/A $380,000 -9.5% -14.3% $443,500

CALLIOPE 4 N/A N/A $342,000 -8.8% -16.0% $407,000

CLINTON 12 N/A N/A $335,500 -5.8% -14.0% $390,000

GLEN EDEN 2 N/A N/A $360,000 -15.6% -19.6% $447,500

KIN KORA 5 N/A N/A $329,000 -5.7% -14.5% $385,000

KIRKWOOD 3 N/A N/A $420,000 -2.6% -17.2% $507,500

NEW AUCKLAND 10 N/A N/A $375,000 1.4% -5.5% $397,000

SOUTH GLADSTONE 3 N/A N/A $360,000 10.1% 1.4% $355,000

TANNUM SANDS 4 N/A N/A $430,000 1.2% -3.4% $445,000

TELINA 2 N/A N/A $405,000 1.9% -8.5% $442,500

WEST GLADSTONE 10 N/A N/A $253,000 -16.6% -30.7% $365,000

SURROUNDS

BANANA (LGA) 12 N/A N/A $240,000 -9.8% -11.1% $270,000

BILOELA 6 N/A N/A $275,000 -11.3% -3.3% $284,500

GLADSTONE (LGA) 5 N/A N/A $185,000 -2.6% -2.1% $189,000

KIRKWOOD 0 N/A N/A $195,000 1.3% 0.0% $195,000

GLADSTONE REGIONAL $250 284 $300 274

4677 AGNES WATER/ MIRIAM VALE $330 23 $300 22

4680GLADSTONE/ BOYNE ISLAND/ CLINTON/ NEW AUCKLAND/ KIN KORA/ TANNUM SANDS

$240 250 $300 249

BANANA SHIRE $280 36 $250 47

4715 BILOELA $310 22 $320 18

4718 BAUHINIA $225 11 $220 26


4677 AGNES WATER/ MIRIAM VALE $250 10 $250 5


$180 206 $250 224

BANANA SHIRE $220 14 $250 17

4715 BILOELA $250 $12 $270 11



$250 67 $340 106

4677 AGNES WATER/ MIRIAM VALE $300 5 N/A 3


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)



ROCKHAMPTONThe Rockhampton market continues to experience challenges and investor activity is diminishing, leaving first-home buyers the dominant group taking advantage of good buying opportunities.

The annual median sale price has continued to slide in the March 2016 quarter and the medium term (five years) median sale price fell by 7.5 per cent for houses and 10.6 per cent for units. However, the good news is that the economic outlook in the Rockhampton region indicates there may be significant international investment on the horizon.

The recently announced Australia-Singapore strategic partnership is a positive for the region as Singapore will potentially invest up to $2.25 billion in the expansion of two of Australians most important military training facilities, the Shoalwater Bay (Rockhampton) training area and the Townsville field training area.

The Counsel General of the People’s Republic of China also visited Rockhampton in May to explore trade and investment opportunities in the beef industry.

The Rockhampton rental market continued to struggle. The March quarter reported an increase in the vacancy rates, reaching 6.9 per cent despite the cycle of returning uni students usually favouring the first quarter of the year.

Overall, the Rockhampton residential property market remains weak in both sales and rentals. However, the medium outlook appears promising with international investment projects in the pipeline.

HOUSE MARKET

The median sale price has again slipped over the March quarter, reaching $270,000, a level last seen in around 2007.

Real estate agents report sales activity is slow but appears to be more stable than recent quarters.

Vendor confidence remains low and this is revealed in the reduced listings volume, from 2848 in February 2015 to 2247 in February 2016, a drop of 21 per cent.

The residential market activity appears to be sitting at the bottom of the cycle. Days on market for the region remain above 100 days for the 12 months to February

2016, while preliminary average vendor discount rate is sitting around 9.8 per cent.

The current slow pace of the residential property market is attracting a few bargain hunters who are looking for long-term capital gains.

The short-term outlook of the property market remains challenging. However property sector specialists are closely following any potential progress on the Singapore deal, which may double the Singapore armed forces’ access to training facilities in Shoalwater Bay and Townsville training areas. This deal will require additional local investment to cope with an increase in the number of soldiers and their length of stay from 6,000 for six weeks a year to 14,000 for 18 weeks a year.

UNIT MARKET

The unit market activity contracted with the annual number of sales dropping from 133 in March 2015 to 86 in March 2016. The unit median sale price for the March quarter was $264,500 with the average days on market remaining between three to four months.

Rockhampton City reported an annual median sale price to March 2016 of $435,000, which is skewed by the sale of riverfront apartments in the Empire building (40 storeys combining hotel rooms and residential accommodation). This type of development is popular in the region while bringing a new outlook to the CBD area and providing lifestyle and riverfront accommodation to locals.

RENTAL MARKET

Property investors remain cautious given the rising vacancy rates.

Vacancy rates for March increased from 6.1 per cent to 6.9 per cent despite the first quarter of the year usually heralding the en masse return of students to the area.

Prior to the resources downturn Rockhampton vacancy rates were sitting in the tight to healthy range between 1.5 per cent and 3.5 per cent, which means that the excess of rental properties in the region has doubled over the past three years.

Weekly rent for three-bed houses, two-bed flats and three-bed townhouses have all fallen over the past 12 months.

The rental market is weak with investors’ confidence remaining cautious and alert.

150

940

2,860

512

121

788

2,797

540

89

580

1,751

277

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




1,723

2,076

939

46

1,405

1,917

918

38

1,077

1,476

715

25

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



37

750

1,064

198

30

588

985

176

41

471

739

141

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




307

252

82

272 242

85

192 162

46

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



109

604

707

80 95

532

630

87 71

373

503

48

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




286

136

18

302

96

18

214

62

14

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



230

58

12

198

62

15

136

42

3

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



68

54

13

58

44

17

38

28

7

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



195

94

18

202

76

34

168

59

27

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



107 95

25

130

85

28

92

64

13

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



308

223

66

266

224

81

221

134

44

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


*Preliminary data

201

338

178 159

312

150 155

213

97

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



The Australia-Singapore strategic partnership is a positive for the region as Singapore will potentially invest up to $2.25 billion in the expansion of two of Australians most important military training facilities.

37


MARCH QUARTER 2016





ROCKHAMPTON (LGA) 179 $270,000 -3.6% $282,000 -4.4% -7.5% $305,000

ROCKHAMPTON (LGA) ^ 14 N/A N/A $377,500 -0.7% 0.7% $375,000

ALLENSTOWN 15 N/A N/A $262,500 5.0% 0.5% $261,250

BERSERKER 17 N/A N/A $220,000 -5.2% -10.4% $245,500

FRENCHVILLE 26 $335,000 5.7% $318,500 -3.0% -5.1% $335,500

GRACEMERE 13 N/A N/A $308,500 -3.6% -6.4% $329,500

KAWANA 13 N/A N/A $287,500 -8.7% -8.5% $314,250

KOONGAL 15 N/A N/A $236,250 -6.8% -9.1% $260,000

MOUNT MORGAN 6 N/A N/A $105,000 10.5% -16.0% $125,000

NORMAN GARDENS 25 $389,000 17.9% $385,000 -7.2% -12.5% $440,000

PARK AVENUE 15 N/A N/A $240,000 -7.0% -7.0% $258,000

THE RANGE 11 N/A N/A $355,125 -2.0% -3.0% $366,000

WANDAL 9 N/A N/A $299,250 -5.0% 6.9% $280,000

SURROUNDS

CENTRAL HIGHLANDS (LGA) 24 $160,000 -18.0% $200,000 -28.6% -43.7% $355,000

BLACKWATER 6 N/A N/A $127,500 -15.6% -61.0% $326,750

EMERALD 16 N/A N/A $245,000 -23.3% -35.5% $380,000

LIVINGSTONE (LGA) 79 $387,500 4.7% $375,000 -0.7% -2.1% $383,000

LIVINGSTONE (LGA) ^ 33 $467,500 -3.6% $470,000 -5.2% 2.2% $460,000

EMU PARK 7 N/A N/A $317,500 -13.0% -15.6% $376,000

LAMMERMOOR 12 N/A N/A $422,500 -1.7% -1.2% $427,500

YEPPOON 13 N/A N/A $357,500 -0.7% -5.0% $376,500

ZILZIE 5 N/A N/A $375,000 -3.9% -3.8% $390,000

ROCKHAMPTON (LGA) 20 $264,500 -0.2% $309,750 -15.1% 10.6% $280,000

ROCKHAMPTON CITY 1 N/A N/A $435,000 -1.7% 11.8% $389,000

SURROUNDS

LIVINGSTONE (LGA) 20 $252,500 -28.9% $345,000 10.6% 4.5% $330,000

YEPPOON 12 N/A N/A $343,500 25.8% -9.6% $380,000

ROCKHAMPTON (LGA) 8 N/A N/A $159,500 -6.2% 18.1% $135,000

GRACEMERE 2 N/A N/A $148,500 0.0% 10.4% $134,500

NORMAN GARDENS 3 N/A N/A $170,000 -5.5% -2.9% $175,000

SURROUNDS

LIVINGSTONE (LGA) 26 $172,000 -1.7% $170,000 -0.6% 6.3% $160,000

HIDDEN VALLEY 4 N/A N/A $176,000 -0.6% -54.0% $382,250

PARKHURST 7 N/A N/A $165,000 -4.1% -25.0% $220,000

ZILZIE 2 N/A N/A $159,000 -5.5% -6.5% $170,000

ROCKHAMPTON REGIONAL $295 261 $300 274

4700ALLENSTOWN/ DEPOT HILL/ GREAT KEPPEL IS/ ROCKHAMPTON/ WANDAL

$290 94 $290 93

4701

CENTRAL QLD UNI/ FRENCHVILLE/ KALKA/ KOONGAL/ LAKES CK/ NERIMBERA/ NTH ROCKHAMPTON/ OASIS GARDENS/ PK AVENUE PO/ ROCKHAMPTON

$300 157 $300 169

LIVINGSTONE SHIRE $300 155 $300 171

4702

AMBROSE/ BANANA/ BARALABA/ GINDIE/ GRACEMERE/ JERICHO/ KEPPEL SANDS/ SAPHIRE/ STANWELL/ RUBYVALE/ WESTWOOD/ WOORABINDA/ WOWAN/ YARAKA ETC

$280 67 $280 67

4703

BAYFIELD/ BUNGUNDARRA/ BYFIELD/ COOEE BAY/ FARNBOROUGH/ KEMP BCH/ KINKA BCH/ LAMMERMOOR BCH/ STATUTE BAY/ TARANGANBA/ WOODBURY/ YEPPOON

$320 73 $330 83

4710 EMU PARK, ZILZIE $300 13 $300 21

4714 MOUNT MORGAN 220 10 220 12

CENTRAL HIGHLANDS REGIONAL $220 103 $240 123

4717 BLACKWATER $200 51 $200 53

4720 EMERALD $250 45 $260 62





4700ALLENSTOWN/ DEPOT HILL/ GREAT KEPPEL IS/ ROCKHAMPTON/ WANDAL

$230 62 $260 70

4701


$220 141 $230 141


4702


$200 8 $200 5

4703


$300 58 $280 76

CENTRAL HIGHLANDS REGIONAL $156 79 $190 69

4717 BLACKWATER $150 9 $120 8

4720 EMERALD $160 60 $200 60

4722 SPRINGSURE $143 8 N/A N/A


4701


$330 6 $360 5


4702


$350 7 N/A 4

4703


$285 10 $300 6

CENTRAL HIGHLIGHTS REGIONAL $210 8 $280 21

4720 EMERALD $210 8 $280 18

33

145

165 161

51

96

137

73

13

50

71

19

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

BRISBANE LAND SALES


*Preliminary data

1,266

461

70 46

924

331

45 37

413

192

35 17

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


*Preliminary data

431

137

39 17 17

293

118

23 21 19

89

25 17 7 7

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



*Preliminary data

171

8 3

109

8 5

35

3 9

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


*Preliminary data

196 213

65

30 6

113

147

48

22 12

76

51

24 8 2

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



*Preliminary data

150

3 5

114

5 3

87

2 1

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


*Preliminary data

86

1 2

59

6 3

39

0 1

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


*Preliminary data

25

5

2

17

0 2

13

0 0

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


*Preliminary data

96

7 1

89

2 3

39

2 0

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


*Preliminary data

45

5 2

32

7

2

24

1 1

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


*Preliminary data

173

13 5

109

8 9

36

3 3

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


*Preliminary data

142

30

12

112

30

9

66

11 5

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


*Preliminary data

112

511

1,612

920

114 56

450

1,294

743

92 60

285

785

490

50

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

BRISBANE UNIT SALES


*Preliminary data

336

448 431

120

11

282

393

286

88

11

203

266

147

60

6

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


*Preliminary data

411

1,002 913

715

163

322

843 831

630

146 189

590 580

431

103

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



*Preliminary data

35

92

28

7

26

62

27

8

24

50

17

8

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


*Preliminary data

103

288

330

211

42

125

271 283

233

45

80

189

228

159

28

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



*Preliminary data

56

24

7 4

42

27

6 2

29

19

8

2

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


*Preliminary data

21 22

5 3

22 22

6

2

25

18

3 1

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


*Preliminary data

7

5

9

3

14

6

4

2

7

5 5 5

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


*Preliminary data

9

11

19

9

16 17

9

14

19

13

7

1

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


*Preliminary data

15

11

3 3

22

8

14

5

15

5 4

0

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


*Preliminary data

63

37

23 20

52

43 37

17

44

34

14

3

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


*Preliminary data

291

101

67 50

11

247

91

55 39

9

167

44 34 27 3

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


*Preliminary data


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)



MACKAYSimilar to other resources-reliant areas, Mackay’s residential property market has contracted to levels of about a decade ago.

Distressed investors are exiting the market while bank repossessions remain higher than the historical average. Local agent projections remain conservative and the jobs market continues to rely on the casual employment regime.

The one demographic taking advantage of improved affordability is the young first-home buyer, who was previously unable to compete with investors.

The need for a strong capital works program in the region is high. The realignment of the Eton Range, Peak Downs Highway, a project of about $189 million, has commenced and has created jobs in the area. However, material benefits on the economy and the residential property market are yet to be seen.

Stage 1 of the Mackay Ring Road project is in the detailed design phase with construction expected to commence in mid-2017. Due to the lengthy project planning and development phases, locals remain sceptic about the implementation of the project. Most likely, the economic benefit from this project will materialise in the medium to long-term.

In April 2016, the Queensland Government has approved mining leases for the $21.7 billion Carmichael coal mine and rail project in the Galilee Basin. Further approvals are still required before construction starts.

Following the construction of the Ibis Motel at the airport, the next step is to give the green light to international flights and the plan is to start opening direct flights between Mackay and New Zealand. The Mackay tourism industry may see a boost if this eventuates.

The Mackay rental market has not yet shown signs of improvement with investors exiting the market in the context of high vacancy rates in the region, primarily for units.

The residential property market remains subdued while the average vendor discount for both units and houses is one of the largest in the State. Locals still predict that the market has not yet reached the bottom, but many market observers agree it is close. The implementation of key infrastructure projects in the area remains on the horizon for the region.

HOUSE MARKET

Confidence in the market remains weak due to casual employment becoming the norm more than the exception. The median sale price for the March quarter was $332,500 compared to $339,000 in the December quarter. The 12 months to March 2016 saw a reduction in the annual median sale of about 10.6 per cent

The largest volume of activity in the sales market for houses remains in the low-end price range. The volume of sold houses up to the $350,000 price point increased from 107 in the September 2015 quarter to 130 in the December 2015 quarter. The activity is primarily driven by first-home buyers and owner-occupiers who previously were priced out of the market.

The average vendor discount is still increasing, which is a reflection of the constraints being experienced in the residential property market. Recent statistics show that the average vendor discount has reached 12.2 per cent in February 2016 compared to 4.8 per cent about a decade ago, 6.1 per cent about five years ago and 10.6 per cent about 12 months ago.

UNIT MARKET

The unit market is soft as the median sale price of new units is similar to an older detached house and owner-occupiers prefer to buy a house rather than a unit.

The annual median sale price for units is about $257,500 in March 2016 compared to $311,500 about 12 months ago. This represents a reduction of about 17.3 per cent for the 12 months to March 2016. The quarterly fall from December 2015 was 12 per cent.

The average days on market for units fluctuated between four to five months while the vendor discount reached levels above 15 per cent in February 2016.

RENTAL MARKET

Distressed investors are leaving the market at a rapid rate and bank repossessions remain higher than the historical average. Local agents report that the amount of valuations for repossessions has risen sharply over the past 12 months.

The weekly median rent for three-bed houses, two-bed units and three-bed townhouses have all reduced in the past 12 months by 10.9 per cent, 13 per cent and 6.3 per cent, respectively. Some investors are struggling to maintain their investment properties without tenants and the vacancy rate is the second highest in Queensland at around eight to nine per cent.

Local agents indicate that the majority of unoccupied rental properties appear to be units in the suburbs. In some areas, tenants are now able to rent a house for a similar amount they paid for a unit about 12 to 24 months ago.

New residential developments have virtually ceased and it is now a matter of waiting for population growth to absorb the excess stock and reduce the vacancy rate. Jobs growth would help this absorption as people relocate to the area to find work.

150

940

2,860

512

121

788

2,797

540

89

580

1,751

277

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




1,723

2,076

939

46

1,405

1,917

918

38

1,077

1,476

715

25

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



37

750

1,064

198

30

588

985

176

41

471

739

141

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




307

252

82

272 242

85

192 162

46

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



109

604

707

80 95

532

630

87 71

373

503

48

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




286

136

18

302

96

18

214

62

14

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



230

58

12

198

62

15

136

42

3

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



68

54

13

58

44

17

38

28

7

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



195

94

18

202

76

34

168

59

27

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



107 95

25

130

85

28

92

64

13

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



308

223

66

266

224

81

221

134

44

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


*Preliminary data

201

338

178 159

312

150 155

213

97

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



39


MARCH QUARTER 2016

MACKAY REGIONAL $285 375 $320 403

4737SARINA/ SARINA BEACH/ ARMSTRONG BEACH

$280 33 $300 26

4740 MACKAY $290 296 $320 318

4741

VARIOUS ISLANDS/ CLAIRVIEW/ ETON/ FARLEIGH/ FLAGGY ROCK/ GARGETT/ MT CHRISTIAN/ MT OSSA/ OAKENDEN/ PINNACLE/ PLEYSTOWE/ SEAFORTH/ YALBOROO

$320 6 $270 11

4750 BUCASIA/ SEAVIEW HEIGHTS/ SHOAL PT $290 16 $335 22

4751 PALMYRA/ WALKERSTON $295 9 $320 11

ISAAC REGIONAL $220 140 $250 134

4721 CLERMONT $240 11 $290 15

4742 NEBO $150 10 $250 5

4744 MORANBAH $230 70 $270 77

4745 DYSART $150 29 $150 28

4746 MIDDLEMOUNT $250 17 $300 8

WHITSUNDEY REGIONAL $300 135 $300 129

4800

CANNON VALLEY/ CONWAY/ DINGO BCH/ ERLANDO BCH/ MT JULIAN/ MT MARLOW/ NTH GREGORY/ PROSERPINE/ RIORDANVALE/ STRATHDICKIE/ WILSON BCH

$300 28 $360 23

4802AIRLIE BCH/ CANNONVALE/ JUBILEE/ SHUTE HARBOUR/ SHUTEHAVEN/ WHITSUNDAY

$380 52 $375 42

4804 COLLINSVILLE $200 6 $170 11

4805 BOWEN $260 49 280 53

MACKAY (LGA) 172 $332,500 -1.9% $345,000 -10.6% -14.8% $405,000

MACKAY (LGA) ^ 27 $450,000 0.0% $435,000 -4.4% -10.3% $485,000

ANDERGROVE 16 N/A N/A $305,000 -15.3% -22.3% $392,500

BEACONSFIELD 9 N/A N/A $340,000 -10.3% -16.0% $405,000

BLACKS BEACH 2 N/A N/A $355,000 -17.6% -26.0% $480,000

BUCASIA 9 N/A N/A $340,000 -15.5% -20.9% $430,000

EAST MACKAY 9 N/A N/A $395,000 3.3% -7.1% $425,000

EIMEO 7 N/A N/A $356,000 -14.1% -20.3% $446,500

GLENELLA 7 N/A N/A $495,000 3.3% -6.2% $527,500

MARIAN 9 N/A N/A $400,000 -13.0% -6.1% $426,000

MOUNT PLEASANT 4 N/A N/A $370,000 -7.5% -11.9% $420,000

NORTH MACKAY 10 N/A N/A $265,000 -15.9% -25.8% $357,000

OORALEA 9 N/A N/A $420,000 -8.2% -17.1% $506,500

RURAL VIEW 12 N/A N/A $377,500 -10.8% -17.6% $458,000

SARINA 2 N/A N/A $220,000 -21.4% -26.7% $300,000

SLADE POINT 3 N/A N/A $325,000 3.2% -12.4% $371,000

SOUTH MACKAY 15 N/A N/A $275,000 -20.0% -25.7% $370,000

WALKERSTON 9 N/A N/A $355,000 -13.6% -20.0% $443,750

WEST MACKAY 16 N/A N/A $334,000 -6.6% -10.2% $372,000

SURROUNDS

ISAAC (LGA) 20 $85,000 -37.0% $151,000 -29.8% -65.1% $432,500

MORANBAH 5 N/A N/A $190,000 -12.8% -59.5% $469,000

WHITSUNDAY (LGA) 41 $297,000 -19.7% $365,000 -3.3% -1.4% $370,000

WHITSUNDAY (LGA) ^ 17 N/A N/A $435,000 -14.3% -5.9% $462,500

BOWEN 12 N/A N/A $267,500 -20.2% -26.7% $365,000

CANNONVALE 10 N/A N/A $427,500 -1.7% -2.5% $438,500

PROSERPINE 11 N/A N/A $260,000 0.0% -14.8% $305,000







MACKAY (LGA) 25 $220,000 -12.0% $257,500 -17.3% -18.3% $315,000

MACKAY 7 N/A N/A $295,000 -5.8% -11.5% $333,500

SURROUNDS

WHITSUNDAY (LGA) 20 $285,000 -28.8% $285,000 5.6% -7.3% $307,500

AIRLIE BEACH 7 N/A N/A $363,250 -8.3% -1.8% $370,000

CANNONVALE 8 N/A N/A $254,500 -1.1% -26.2% $345,000

MACKAY (LGA) 25 $175,000 3.7% $174,725 -13.1% -4.5% $183,000

RURAL VIEW 5 N/A N/A $150,000 -26.3% -28.2% $209,000

SURROUNDS

WHITSUNDAY (LGA) 19 N/A N/A $172,000 4.6% 7.5% $160,000

CANNONVALE 9 N/A N/A $174,000 5.8% 28.9% $135,000


4737SARINA/ SARINA BEACH/ ARMSTRONG BEACH

$175 17 $200 15

4740 MACKAY $210 278 $235 280

4750 BUCASIA/ SEAVIEW HEIGHTS/ SHOAL PT $200 6 $170 5


4721 CLERMONT $175 5 $170 5

4744 MORANBAH $260 11 $325 7

4746 MIDDLEMOUNT $200 5 N/A 4


4800

CANNON VALLEY/ CONWAY/ DINGO BCH/ ERLANDO BCH/ MT JULIAN/ MT MARLOW/ NTH GREGORY/ PROSERPINE/ RIORDANVALE/ STRATHDICKIE/ WILSON BCH

$180 10 $210 13


$280 92 $285 101

4805 BOWEN $190 26 $250 42


4740 MACKAY $300 30 $320 44


4744 MORANBAH $300 16 $350 13

4745 DYSART $175 7 N/A 4



$280 18 $300 21

4805 BOWEN $280 11 N/A 2


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

33

145

165 161

51

96

137

73

13

50

71

19

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

BRISBANE LAND SALES


*Preliminary data

1,266

461

70 46

924

331

45 37

413

192

35 17

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


*Preliminary data

431

137

39 17 17

293

118

23 21 19

89

25 17 7 7

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



*Preliminary data

171

8 3

109

8 5

35

3 9

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


*Preliminary data

196 213

65

30 6

113

147

48

22 12

76

51

24 8 2

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



*Preliminary data

150

3 5

114

5 3

87

2 1

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


*Preliminary data

86

1 2

59

6 3

39

0 1

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


*Preliminary data

25

5

2

17

0 2

13

0 0

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


*Preliminary data

96

7 1

89

2 3

39

2 0

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


*Preliminary data

45

5 2

32

7

2

24

1 1

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


*Preliminary data

173

13 5

109

8 9

36

3 3

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


*Preliminary data

142

30

12

112

30

9

66

11 5

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


*Preliminary data

112

511

1,612

920

114 56

450

1,294

743

92 60

285

785

490

50

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

BRISBANE UNIT SALES


*Preliminary data

336

448 431

120

11

282

393

286

88

11

203

266

147

60

6

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


*Preliminary data

411

1,002 913

715

163

322

843 831

630

146 189

590 580

431

103

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



*Preliminary data

35

92

28

7

26

62

27

8

24

50

17

8

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


*Preliminary data

103

288

330

211

42

125

271 283

233

45

80

189

228

159

28

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



*Preliminary data

56

24

7 4

42

27

6 2

29

19

8

2

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


*Preliminary data

21 22

5 3

22 22

6

2

25

18

3 1

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


*Preliminary data

7

5

9

3

14

6

4

2

7

5 5 5

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


*Preliminary data

9

11

19

9

16 17

9

14

19

13

7

1

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


*Preliminary data

15

11

3 3

22

8

14

5

15

5 4

0

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


*Preliminary data

63

37

23 20

52

43 37

17

44

34

14

3

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


*Preliminary data

291

101

67 50

11

247

91

55 39

9

167

44 34 27 3

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


*Preliminary data



HOUSE MARKET

The March quarter is usually very active for the Townsville sales market, however, March 2016 has not shown the usual cyclical trend and the quarterly median sale price fell by 8.3 per cent.

Local agents note that the market remains challenging with low investor activity. The median sale price has fallen by seven per cent, from $373,000 to $347,000 over five years, to March 2016.

Local agents are also reporting more activity in the price range between $350,000 and $500,000 as locals are taking advantage of the discounted prices and are actively looking to upgrade.

This is reflected in the stable volume of house sales between $350,000 and $500,000 during the September and December 2015 quarters.

The proposed North Queensland Stadium is now closer to become a reality with the extra $40 million committed by the State Government and also the commitment from the Coalition to match the Labor promise to fund the Townsville stadium.

UNIT MARKET

Stock levels in the unit market remain high and the market is still trying to source demand for new apartments. The annual median sale price was $280,000 for the March quarter, which represented a reduction of 1.8 per cent for a 12-month period and 14.1 per cent over a five-year period.

Average days on market for units remained close to four months, which just demonstrates the slow pace of the market.

RENTAL MARKET

Similar to other regional areas in Queensland, the rental market has been hit by a reduction in demand and an increase in supply. The vacancy rates in the area are in the vicinity of six per cent, having increased from a two-to-three per cent range in the past three years.

Within this context, landlords have to be more creative keeping and attracting tenants. Local agents are finding it challenging to educate investors about the new market conditions.

The recent negative gearing debate is creating concerns as investors develop fears that the resale value of their property is going to drop further.

Depending on the property features and number of bedrooms, the median weekly rent has reduced in the range of 2.8 per cent and 6.1 per cent in the past 12 months. This is another sign of the challenges being experienced by the rental market.

Despite reduction in the weekly median rent, gross rental yields increased for both houses and units to 4.9 per cent and 5.2 per cent, respectively. The reduction in the median sale price supported the increase in the gross rental yield.

TOWNSVILLEThe residential property market in Townsville remained soft during the March quarter while conditions in the job market continued weakening. Owner-occupiers looking to upgrade were very active in the market while sellers were faced with average vendor discounts above nine per cent.

Following the announcement of 550 job losses from the nickel refinery shutdown, the Queensland State Government announced a $367 million accelerated works program for northern Queensland. This includes $210 million for projects in Townsville that will support more than 480 jobs.

The State Government also recently announced the merger of Ergon and Energex and the new company’s (Energy Australia) headquarters will be in Townsville.

The recently announced Australia-Singapore strategic partnership brings hope to the region as Singapore will potentially invest up to $2.25 billion in the expansion of two of Australia’s most important military training facilities, the Shoalwater Bay (Rockhampton) training area and the Townsville field training area .This is probably the largest project in the area, which could potentially boost the local economy.

Locals feel the residential property market is close to stabilising. Similarly, local agents are optimistic the bottom of the cycle has been reached and the outlook over the next 18 months to two years is brighter.

Large-scale developments and infrastructure projects that would give the area a real boost, such as the Townsville Port Expansion (potential investment of $1.49 billion) remains frustratingly in limbo.

The proposed North Queensland Cowboys Stadium, has just received additional funding commitment from the State Government to fund extra $40 million on top of the $100 million previously committed. The Coalition has recently promised to match the Labor funding for the Townsville stadium.

The Townsville rental market continues showing signs of oversupply with the vacancy rate remaining around six per cent during the March quarter.

The green shoots of recovery are not yet visible in the Townsville market, with median sale prices for houses and units slipping moderately. Vacancy rates are high, at six per cent, although March quarter represented a slight tightening of the market by 0.4 per cent.

International investment from the Singapore Government in the army training facility and the State Government accelerated works should result in economic improvement, which we expect will favour the performance of the property market in the long run.

41


MARCH QUARTER 2016

33

145

165 161

51

96

137

73

13

50

71

19

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

BRISBANE LAND SALES


*Preliminary data

1,266

461

70 46

924

331

45 37

413

192

35 17

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


*Preliminary data

431

137

39 17 17

293

118

23 21 19

89

25 17 7 7

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



*Preliminary data

171

8 3

109

8 5

35

3 9

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


*Preliminary data

196 213

65

30 6

113

147

48

22 12

76

51

24 8 2

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



*Preliminary data

150

3 5

114

5 3

87

2 1

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


*Preliminary data

86

1 2

59

6 3

39

0 1

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


*Preliminary data

25

5

2

17

0 2

13

0 0

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


*Preliminary data

96

7 1

89

2 3

39

2 0

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


*Preliminary data

45

5 2

32

7

2

24

1 1

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


*Preliminary data

173

13 5

109

8 9

36

3 3

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


*Preliminary data

142

30

12

112

30

9

66

11 5

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


*Preliminary data

112

511

1,612

920

114 56

450

1,294

743

92 60

285

785

490

50

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

BRISBANE UNIT SALES


*Preliminary data

336

448 431

120

11

282

393

286

88

11

203

266

147

60

6

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


*Preliminary data

411

1,002 913

715

163

322

843 831

630

146 189

590 580

431

103

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



*Preliminary data

35

92

28

7

26

62

27

8

24

50

17

8

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


*Preliminary data

103

288

330

211

42

125

271 283

233

45

80

189

228

159

28

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



*Preliminary data

56

24

7 4

42

27

6 2

29

19

8

2

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


*Preliminary data

21 22

5 3

22 22

6

2

25

18

3 1

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


*Preliminary data

7

5

9

3

14

6

4

2

7

5 5 5

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


*Preliminary data

9

11

19

9

16 17

9

14

19

13

7

1

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


*Preliminary data

15

11

3 3

22

8

14

5

15

5 4

0

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


*Preliminary data

63

37

23 20

52

43 37

17

44

34

14

3

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


*Preliminary data

291

101

67 50

11

247

91

55 39

9

167

44 34 27 3

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


*Preliminary data

150

940

2,860

512

121

788

2,797

540

89

580

1,751

277

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




1,723

2,076

939

46

1,405

1,917

918

38

1,077

1,476

715

25

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



37

750

1,064

198

30

588

985

176

41

471

739

141

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




307

252

82

272 242

85

192 162

46

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



109

604

707

80 95

532

630

87 71

373

503

48

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




286

136

18

302

96

18

214

62

14

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



230

58

12

198

62

15

136

42

3

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



68

54

13

58

44

17

38

28

7

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



195

94

18

202

76

34

168

59

27

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



107 95

25

130

85

28

92

64

13

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



308

223

66

266

224

81

221

134

44

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


*Preliminary data

201

338

178 159

312

150 155

213

97

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



TOWNSVILLE (LGA) 419 $330,000 -8.3% $347,000 -2.3% -7.0% $373,000

TOWNSVILLE (LGA) ^ 48 $417,500 0.6% $417,000 -5.2% -4.1% $435,000

AITKENVALE 4 N/A N/A $321,000 5.3% -6.8% $344,500

ALICE RIVER ^ 7 N/A N/A $470,000 -8.0% -1.1% $475,000

ANNANDALE 30 $380,000 -15.9% $415,000 -1.2% -10.1% $461,750

BOHLE PLAINS 9 N/A N/A $422,500 0.6% -5.1% $445,000

BURDELL 15 N/A N/A $411,250 -2.2% -1.5% $417,500

BUSHLAND BEACH 13 N/A N/A $385,000 -7.2% -5.6% $407,780

CONDON 11 N/A N/A $286,000 0.4% -12.8% $328,000

CRANBROOK 14 N/A N/A $290,000 1.8% -10.8% $325,000

CURRAJONG 8 N/A N/A $286,000 7.9% -3.1% $295,000

DEERAGUN 7 N/A N/A $317,500 -0.8% -9.3% $350,000

DOUGLAS 21 $420,000 5.3% $399,000 1.5% -4.8% $419,000

GULLIVER 11 N/A N/A $276,000 -7.7% -9.5% $305,000

HEATLEY 8 N/A N/A $248,750 -8.2% -19.5% $309,000

HERMIT PARK 9 N/A N/A $340,000 -5.6% -12.8% $390,000

HYDE PARK 5 N/A N/A $395,000 21.5% 12.9% $350,000

IDALIA 14 N/A N/A $513,000 0.6% 6.2% $483,000

KELSO 16 N/A N/A $265,000 -10.9% -20.9% $335,000

KIRWAN 51 $327,000 -3.8% $335,000 -3.3% -8.2% $365,000

MOUNT LOUISA 24 $428,000 9.7% $399,950 8.1% -2.7% $411,000

MUNDINGBURRA 10 N/A N/A $339,750 -11.2% -8.4% $371,000

NORTH WARD 7 N/A N/A $680,000 13.7% 8.8% $625,000

OONOONBA 5 N/A N/A $308,500 1.2% -0.5% $310,000


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

TOWNSVILLE (LGA) 40 $167,750 6.9% $159,500 -1.5% -1.5% $162,000

TOWNSVILLE (LGA) ^ 2 N/A N/A $200,000 4.7% -9.1% $220,000

BOHLE PLAINS 0 N/A N/A $158,000 -1.9% -8.8% $173,250

BURDELL 1 N/A N/A $154,650 -3.3% -8.2% $168,500

BUSHLAND BEACH 7 N/A N/A $152,000 1.3% -0.7% $153,000

KELSO 0 N/A N/A $140,000 3.7% -6.6% $149,900

MOUNT LOUISA 2 N/A N/A $175,000 -7.4% 3.6% $168,900

MOUNT LOW 7 N/A N/A $162,000 0.6% 6.1% $152,750

OONOONBA 0 N/A N/A $142,000 -11.8% -31.0% $205,900

SHAW 4 N/A N/A $158,750 3.1% -53.3% $339,724




TOWNSVILLE (LGA) 97 $260,000 -15.0% $280,000 -1.8% -14.1% $326,000

BELGIAN GARDENS 4 N/A N/A $325,000 4.8% -3.7% $337,500

DOUGLAS 4 N/A N/A $307,000 5.0% -5.1% $323,500

NORTH WARD 19 N/A N/A $297,500 0.9% -17.4% $360,000

PIMLICO 1 N/A N/A $205,000 -20.9% -23.5% $268,000

SOUTH TOWNSVILLE 2 N/A N/A $365,000 -29.8% -31.1% $530,000

TOWNSVILLE CITY 7 N/A N/A $390,000 1.3% -17.0% $470,000

WEST END 6 N/A N/A $180,750 -27.7% -39.1% $297,000

TOWNSVILLE CITY $310 803 $330 779

4810

BELGIAN GARDENS/ CAPE CLEVELAND/ CASTLE HILL/ NTH WARD/ PALLARENDA/ RAILWAY ESTATE/ ROWES BAY/ TOWNSVILLE/ WEST END/ YARRAWONGA

$335 68 $350 58

4811

CLUDEN/ IDALIA/ JAMES COOK UNI/ MT STUART/ OAK VALLEY/ OONOONBA/ PARTINGTON/ ROSENEATH/ SERENE VALLEY/ STUART/ WULGURU

$325 46 $340 39

4812

CURRAJONG/ GULLIVER/ HERMIT PK/ HYDE PK/ HYDE PK CASTLETOWN/ MUNDINGBURRA/ MYSTERTON/ PILMICO/ RISING SUN/ ROSSLEA

$320 82 $330 67

4814AITKENVALE/ CRANBROOK/ DOUGLAS/ GARBUTT/ HEATLEY/ MT ELLIOT/ MT LOUISA/ MURRAY/ VINCENT

$320 232 $340 244

4815CONDON/ KELSO/ PINNACLES/ RASMUSSEN

$280 117 $300 119

4816

ALLIGATOR CK/ DUNK IS/ GREENVALE/ HIDDEN VALLEY/ HOMESTEAD/ JULAGO/ MACROSSAN/ MAJORS CK/ MINGELA/ MUTARNEE/ NELIA/ NOME/ PALM IS/ PALUMA/ PENTLAND/ PRAIRE/ RAVENSWOOD/ ROLLINGSTONE/ SELLHEIM/ TOONPAN/ TORRENS CK/ WOODSTOCK

$250 10 $320 17

4817ALICE RIVER/ BOHLE PLNS/ KIRWAN/ RANGEWOOD/ RUPERTSWOOD/ STABLEFORD/ THURINGOWA CENTRAL

$320 136 $335 120



SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)

RAILWAY ESTATE 16 N/A N/A $335,000 -1.5% 1.5% $330,000

RANGEWOOD ^ 2 N/A N/A $465,000 -3.2% -7.0% $500,000

RASMUSSEN 15 N/A N/A $380,000 31.9% 31.0% $290,000

SOUTH TOWNSVILLE 5 N/A N/A $344,000 -1.4% -11.2% $387,500

THURINGOWA CENTRAL 6 N/A N/A $293,500 -6.8% -20.5% $369,000

VINCENT 5 N/A N/A $240,000 -9.8% -15.1% $282,750

WEST END 6 N/A N/A $360,000 0.0% -2.7% $370,000

WULGURU 7 N/A N/A $293,750 -0.8% -8.2% $320,000

SURROUNDS

BURDEKIN (LGA) 28 $180,000 0.0% $180,000 -12.2% -28.0% $250,000

AYR 15 N/A N/A $190,000 -21.6% -26.4% $258,000

CHARTERS TOWERS (LGA) 8 N/A N/A $178,250 1.6% -15.1% $210,000

CHARTERS TOWERS CITY 1 N/A N/A $150,000 -14.3% -21.5% $191,000

HINCHINBROOK (LGA) 14 N/A N/A $215,000 -7.5% -15.7% $255,000

INGHAM 7 N/A N/A $202,500 -12.0% -18.2% $247,500



43


MARCH QUARTER 2016

RENTAL MARKET - 2 BED UNITSTOWNSVILLE CITY $260 809 $275 868

4810


$285 381 $295 403

4811

CLUDEN/ IDALIA/ JAMES COOK UNI/ MT STUART/ OAK VALLEY/ OONOONBA/ PARTINGTON/ ROSENEATH/ SERENE VALLEY/ STUART/ WULGURU

$340 48 $330 77

4812

CURRAJONG/ GULLIVER/ HERMIT PK/ HYDE PK/ HYDE PK CASTLETOWN/ MUNDINGBURRA/ MYSTERTON/ PILMICO/ RISING SUN/ ROSSLEA

$230 174 $240 185


$285 120 $295 118

4815 CONDON/ KELSO/ PINNACLES/ RASMUSSEN $265 19 $240 21


$265 39 $265 42

4818

BEACH HOLM/ BLACK RIVER/ BLUE HILLS/ BLUEWATER/ BOHLE/ BURDELL/ BUSHLAND BCH/ CARINYA/ CORDELIA/ DEERAGUN/ INNES/ JENSEN/ LYNAM/ MT LOW/ PURONO PK/ SAUNDERS BCH/ SHAW/ TOOLAKEA/ YABULU

$230 16 $224 6

4819ARCADIA/ ARCADIA BAY/ HORSESHOE BAY/ MAGNETIC IS/ NELLY BAY/ PICNIS BAY

$280 12 $300 15

BURDEKIN SHIRE $210 40 $200 55

4807 AIRVILLE $220 35 $210 45

CHARTERS TOWERS REGIONAL $200 15 $230 13

4820 RICHMOND HILL $200 15 $230 13

HINCHINBROOK SHIRE $180 14 $180 23

4850 ABERGOWRIE $180 14 $180 23

RENTAL MARKET - 3 BED TOWNHOUSESTOWNSVILLE CITY $340 46 $350 39

4810


$375 11 $325 8

4812

CURRAJONG/ GULLIVER/ HERMIT PK, HYDE PK/ HYDE PK CASTLETOWN/ MUNDINGBURRA/ MYSTERTON/ PILMICO/ RISING SUN/ ROSSLEA

$340 13 $380 8


$350 7 $350 12


$310 8 $350 6

4818

BEACH HOLM/ BLACK RIVER/ BLUE HILLS/ BLUEWATER/ BOHLE/ BURDELL/ BUSHLAND BCH/ CARINYA/ CORDELIA/ DEERAGUN/ INNES/ JENSEN/ LYNAM/ MT LOW/ PURONO PK/ SAUNDERS BCH// SHAW/ TOOLAKEA/ YABULU

$330 5 N/A 1



4818

BEACH HOLM/ BLACK RIVER/ BLUE HILLS/ BLUEWATER/ BOHLE/ BURDELL/ BUSHLAND BCH/ CARINYA/ CORDELIA/ DEERAGUN/ INNES/ JENSEN/ LYNAM/ MT LOW/ PURONO PK/ SAUNDERS BCH/ SHAW/ TOOLAKEA/ YABULU

$300 102 $330 103

4819ARCADIA/ ARCADIA BAY/ HORSESHOE BAY/ MAGNETIC IS/ NELLY BAY/ PICNIS BAY

$290 10 $300 12

BURDEKIN SHIRE $260 48 $270 77

4806 ARKENDEITH $250 14 $260 17

4807 AIRVILLE $265 30 $280 51

CHARTERS TOWERS REGIONAL $250 61 $240 43

4820 RICHMOND HILL $250 61 $240 43

HINCHINBROOK SHIRE $250 35 $250 28

4850 ABERGOWRIE $250 35 $250 28



CAIRNSBuyers of houses are predominantly owner-occupiers who are looking to upgrade or to buy their first home.

The unit market is more diversified, having owner-occupiers and investors who are attracted to the solid rental yields.

Demand for houses in the $350,000 to $450,000 range is steady, while the highest demand for units sits in the $250,000 range.

The Cairns rental market is one of the best performers in Queensland with vacancy rates remaining generally below 2.5 per cent since March 2012 and weekly median rent staying steady over the past 12 months.

The outlook for the Cairns residential property market remains positive with expectations of the median sale prices showing sustained, moderate growth. The fundamentals of the market are positive as buyer demand appears to be relatively aligning with supply at least at the present time.

The Cairns housing market remains rising while the unit market is firmly in recovering phase when compared with the market five years ago.

The Cairns Hospital Redevelopment is one of the largest projects, which has potentially boosted the region and its economy. The last $40 million of a total expenditure of over $445 million is on track at present.

Other infrastructure projects in the region include repairs of the Cairns Convention Centre, the upgrade of the Bruce Highway between Robert Road and Foster Road, and the planning and construction of the Yarrabah Jetty.

HOUSE MARKET

The Cairns property cycle usually experiences a contraction during the December quarter. Following a different trend, local agents have indicated that this year the cyclical contraction extended until nearly April. This is supported by a second quarter reduction in the Cairns median sale price by 4.1 per cent in March 2016.

Despite falls over the past two quarters, Cairns is in the rising house market phase and the annual median sale price showed a moderate increase of 3.3 per cent and a five-year median price growth of 9.6 per cent.

New residential property developments are limited in number, hence the moderate but sustained price increase is a reflection of supply keeping up with local demand.

The average days on market increased slightly from 66 days in February 2015 to 72 days in February 2016. Despite the increase, this ratio remains in similar levels than other areas in the southeast corner.

UNIT MARKET

The annual median sale price for units showed a slight increase of 2.7 per cent in March 2016, however the five-year median sale price fell 12.1 per cent. In response to the medium-term median sale price reduction and potentially as a supply correction, medium to high-density residential property developments in Cairns are currently limited to small complexes and usually they are not located in the CBD area. New developments in the unit

market are even more constrained compared to houses.

The unit market contracted in the March quarter with the median sale price dropping by 4.9 per cent to $223,500. Both the average days on market and the average vendor discount showed a steady trend in the 12 months to February 2016 compared to the same period a year ago. The average days on market were about three months and the average vendor discount remained slightly above seven per cent. Not bad for a market which may be in an oversupply correction trend.

RENTAL MARKET

Rental demand is high in Cairns with the vacancy rates siting at 2.1 per cent for the March quarter. Local agents indicate that decent size two-bedroom, two-bathroom apartments are in demand compared to one-bedroom apartments and studios. Median weekly rents for three-bedroom houses and two-bedroom flats have remained unchanged in the past 12 months to March 2016.

Rental yields for apartments are sitting around six per cent, while rental yields for houses are about 4.7 per cent. Properties are renting very quickly and do not stay vacant for a long time. Local agents are always on the hunt for rental stock.

33

145

165 161

51

96

137

73

13

50

71

19

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

BRISBANE LAND SALES


*Preliminary data

1,266

461

70 46

924

331

45 37

413

192

35 17

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


*Preliminary data

431

137

39 17 17

293

118

23 21 19

89

25 17 7 7

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



*Preliminary data

171

8 3

109

8 5

35

3 9

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


*Preliminary data

196 213

65

30 6

113

147

48

22 12

76

51

24 8 2

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



*Preliminary data

150

3 5

114

5 3

87

2 1

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


*Preliminary data

86

1 2

59

6 3

39

0 1

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


*Preliminary data

25

5

2

17

0 2

13

0 0

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


*Preliminary data

96

7 1

89

2 3

39

2 0

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


*Preliminary data

45

5 2

32

7

2

24

1 1

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


*Preliminary data

173

13 5

109

8 9

36

3 3

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


*Preliminary data

142

30

12

112

30

9

66

11 5

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


*Preliminary data

112

511

1,612

920

114 56

450

1,294

743

92 60

285

785

490

50

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

BRISBANE UNIT SALES


*Preliminary data

336

448 431

120

11

282

393

286

88

11

203

266

147

60

6

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


*Preliminary data

411

1,002 913

715

163

322

843 831

630

146 189

590 580

431

103

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



*Preliminary data

35

92

28

7

26

62

27

8

24

50

17

8

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


*Preliminary data

103

288

330

211

42

125

271 283

233

45

80

189

228

159

28

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



*Preliminary data

56

24

7 4

42

27

6 2

29

19

8

2

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


*Preliminary data

21 22

5 3

22 22

6

2

25

18

3 1

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


*Preliminary data

7

5

9

3

14

6

4

2

7

5 5 5

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


*Preliminary data

9

11

19

9

16 17

9

14

19

13

7

1

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


*Preliminary data

15

11

3 3

22

8

14

5

15

5 4

0

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


*Preliminary data

63

37

23 20

52

43 37

17

44

34

14

3

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


*Preliminary data

291

101

67 50

11

247

91

55 39

9

167

44 34 27 3

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


*Preliminary data

150

940

2,860

512

121

788

2,797

540

89

580

1,751

277

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




1,723

2,076

939

46

1,405

1,917

918

38

1,077

1,476

715

25

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



37

750

1,064

198

30

588

985

176

41

471

739

141

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




307

252

82

272 242

85

192 162

46

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



109

604

707

80 95

532

630

87 71

373

503

48

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




286

136

18

302

96

18

214

62

14

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



230

58

12

198

62

15

136

42

3

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



68

54

13

58

44

17

38

28

7

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



195

94

18

202

76

34

168

59

27

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



107 95

25

130

85

28

92

64

13

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



308

223

66

266

224

81

221

134

44

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


*Preliminary data

201

338

178 159

312

150 155

213

97

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



45


MARCH QUARTER 2016

CAIRNS (LGA) 233 $223,500 -4.9% $226,000 2.7% -12.1% $257,000

BUNGALOW 10 N/A N/A $164,000 12.0% 7.5% $152,500

CAIRNS CITY 25 $367,500 -9.3% $370,000 11.1% -17.4% $448,000

CAIRNS NORTH 30 $262,750 16.8% $240,000 5.3% -15.2% $283,000

EARLVILLE 2 N/A N/A $215,000 28.7% -17.9% $262,000

EDGE HILL 9 N/A N/A $187,000 13.3% -17.3% $226,000

EDMONTON 3 N/A N/A $183,097 28.5% 1.7% $180,000

FRESHWATER 3 N/A N/A $315,000 26.0% 21.2% $260,000

MANOORA 19 N/A N/A $164,000 6.5% -0.6% $165,000

MANUNDA 14 N/A N/A $150,000 -0.7% -16.7% $180,000

MOOROOBOOL 8 N/A N/A $200,000 -5.4% -3.6% $207,500

PALM COVE 17 N/A N/A $274,250 -0.3% -23.8% $360,000

PARRAMATTA PARK 11 N/A N/A $248,500 2.5% 1.4% $245,000

TRINITY BEACH 19 N/A N/A $269,000 5.5% -5.6% $285,000

WESTCOURT 6 N/A N/A $222,000 -5.5% 48.0% $150,000

WOREE 8 N/A N/A $125,500 0.4% -16.1% $149,500

YORKEYS KNOB 6 N/A N/A $209,000 -5.4% -18.4% $256,000

CAIRNS (LGA) 439 $386,000 -4.1% $400,000 3.3% 9.6% $365,000

CAIRNS (LGA) ^ 25 $682,500 3.8% $635,000 8.6% -9.3% $700,000

BAYVIEW HEIGHTS 9 N/A N/A $385,000 -1.3% 11.6% $345,000

BENTLEY PARK 31 $360,000 0.1% $360,000 2.9% 10.8% $325,000

BRINSMEAD 13 N/A N/A $447,500 5.3% 11.9% $400,000

BUNGALOW 4 N/A N/A $375,000 7.1% 21.0% $310,000

CARAVONICA 9 N/A N/A $368,000 1.5% 2.2% $360,000

CLIFTON BEACH 10 N/A N/A $521,000 -2.6% 9.1% $477,500

EARLVILLE 11 N/A N/A $367,500 5.0% 21.7% $302,000

EDGE HILL 10 N/A N/A $480,000 -1.0% 7.7% $445,500

EDMONTON 38 $342,000 -2.3% $335,000 -2.9% 6.3% $315,000

FRESHWATER 6 N/A N/A $511,000 2.5% 5.4% $485,000

GOLDSBOROUGH ^ 2 N/A N/A $483,500 4.0% 21.6% $397,500

GORDONVALE 18 N/A N/A $313,500 10.0% 14.0% $275,000

GORDONVALE ^ 2 N/A N/A $647,500 21.0% 13.0% $573,000

HOLLOWAYS BEACH 7 N/A N/A $400,000 6.0% 15.3% $347,000

KANIMBLA 4 N/A N/A $529,500 10.3% 25.4% $422,250

KEWARRA BEACH 26 $403,000 -6.3% $420,000 -2.3% 6.3% $395,000

MANOORA 12 N/A N/A $311,000 11.1% 5.4% $295,000

MANUNDA 9 N/A N/A $309,500 -7.1% 4.9% $295,000

MOOROOBOOL 22 $395,000 -1.1% $386,500 4.5% 8.7% $355,500

MOUNT SHERIDAN 41 $340,000 -11.7% $370,000 2.1% 8.8% $340,000

PALM COVE 8 N/A N/A $648,500 10.9% 37.2% $472,500

PARRAMATTA PARK 5 N/A N/A $435,000 11.5% 14.5% $380,000

REDLYNCH 25 $465,000 -1.6% $460,000 2.1% 13.3% $406,000

SMITHFIELD 27 $415,000 2.5% $415,000 0.9% 15.3% $360,000

TRINITY BEACH 19 N/A N/A $490,000 3.4% 30.7% $375,000

TRINITY PARK 12 N/A N/A $430,000 0.0% 13.2% $380,000

WESTCOURT 3 N/A N/A $366,000 9.7% 22.0% $300,000

WHITE ROCK 8 N/A N/A $325,500 6.7% 17.1% $278,000

WHITFIELD 14 N/A N/A $480,000 -10.8% 6.7% $450,000

WOREE 7 N/A N/A $358,750 6.1% 17.1% $306,250

SURROUNDS

CASSOWARY COAST (LGA) 38 $217,500 -12.7% $230,000 -5.4% -11.5% $260,000

CASSOWARY COAST (LGA) ^ 19 N/A N/A $350,000 9.4% 0.0% $350,000

DOUGLAS (LGA) 33 $437,500 5.4% $435,000 4.8% 12.3% $387,500

PORT DOUGLAS 14 N/A N/A $527,500 -0.5% -7.5% $570,000

MAREEBA (LGA) 19 N/A N/A $275,000 -1.8% -1.8% $280,000

MAREEBA (LGA) ^ 16 N/A N/A $450,000 4.7% 6.5% $422,500

KURANDA ^ 7 N/A N/A $469,000 8.4% 10.4% $425,000

MAREEBA 16 N/A N/A $275,000 -1.8% -1.8% $280,000

TABLELANDS (LGA) 45 $309,000 6.1% $308,000 6.2% 2.7% $300,000

TABLELANDS (LGA) ^ 28 $439,000 20.3% $417,500 5.7% 5.7% $395,000

ATHERTON 23 $327,500 0.8% $317,500 5.8% -0.8% $320,000

TOL GA ^ 4 N/A N/A $407,500 -3.6% -9.4% $450,000



SURROUNDS

DOUGLAS (LGA) 46 $228,500 4.1% $219,000 -10.6% -6.0% $233,000

PORT DOUGLAS 41 $225,000 -2.2% $217,500 -9.4% -5.4% $230,000

ATHERTON 2 N/A N/A $210,000 2.4% -11.6% $237,500

CAIRNS (LGA) 59 $200,800 -4.8% $207,000 2.5% 18.3% $175,000

EDMONTON 12 N/A N/A $153,950 10.7% 8.4% $142,000

GORDONVALE 3 N/A N/A $141,000 4.4% 14.2% $123,500

KANIMBLA 4 N/A N/A $250,000 2.0% 16.3% $215,000

KEWARRA BEACH 3 N/A N/A $247,500 -10.3% -4.8% $260,000

REDLYNCH 5 N/A N/A $242,000 12.6% 38.3% $175,000

SMITHFIELD 6 N/A N/A $214,500 9.4% 19.2% $180,000

TRINITY PARK 6 N/A N/A $221,500 -1.6% 18.8% $186,500

SURROUNDS

CASSOWARY COAST (LGA) 14 N/A N/A $88,000 3.5% -34.8% $135,000

MISSION BEACH 2 N/A N/A $90,000 -14.3% -40.0% $150,000

DOUGLAS (LGA) 12 N/A N/A $148,522 -0.3% 4.2% $142,500

MAREEBA (LGA) 11 N/A N/A $95,000 5.6% -3.1% $98,000

MAREEBA 10 N/A N/A $95,000 3.8% -3.1% $98,000

CAIRNS REGIONAL $360 454 $360 393

4865 GORDONVALE $320 15 $340 15

4868MT SHERIDAN/ BAYVIEW HT/ TARRAWARRA/ WHITE ROCK/ WOREE

$350 94 $350 67

4869CENTENARY HTS/ CENTENARY PK/ EDMONTON/ TAMARIND GARDENS

$335 52 $330 45

4870 CAIRNS & SUBURBS OF CAIRNS $370 160 $370 151

4878

CARAVONICA/ HOLLOWAYS BCH/ LAKE PLACID/ MACHANS BCH/ MCGREGOR/ SMITHFIELD/ SMITHFIELD HTS/ YORKEYS KNOB

$380 55 $360 49

4879BUCHAN PT/ CLIFTON BCH/ ELLIS BCH/ KEWARRA BCH/ PALM COVE/ TRINITY BCH/ TRINITY PK

$395 75 $400 61

DOUGLAS SHIRE $350 33 $320 36

4873MOSSMAN/ COOYA BEACH/ COW BAY/ MIALLO/ NEWELL/ WONGA

$320 20 $315 25

4877PORT DOUGLAS/ CRAIGLIE/ MOWBRAY/ OAK BEACH

$420 13 $400 11

CASSOWARY COAST REGIONAL $295 102 $290 114

4849 CARDWELL $250 8 $280 10

4852 BINGIL BAY $320 18 $325 21

4854 BILYANA $300 19 $290 23

4858 COMOON LOOP $280 5 N/A N/A

4860 BAMBOO CREEK $280 44 $280 53

TABLELANDS REGIONAL $295 93 $290 82

4872DIMBULAH/ KAIRI/ MT GARNETT/ TINAROO/ WALKAMIN

$280 12 $300 7

4882 TOLGA $350 6 $295 6

4883 ATHERTON/ UPPER BARON $300 37 $290 39

4884 YUNGABURRA/ LAKE EACHAM $280 6 $330 9

4885 MALANDA/ TARZALI/ JAGGAN $280 11 $280 11

4887 HERBERTON/ WONDECLA $280 6 N/A 4

4888 RAVENSHOE/ EVELYN/ MILLSTREAM $250 12 $275 6

MAREEBA SHIRE $305 56 $300 59

4880 MAREEBA/ BIBOOHRA $300 38 $300 45

4881 KURANDA/ KOAH/ SPEEWAH $320 18 $360 14




SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)


SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)



CAIRNS REGIONAL $290 847 $290 864

4868MT SHERIDAN/ BAYVIEW HTS/ TARRAWARRA/ WHITE ROCK/ WOREE

$265 76 $250 95

4869CENTENARY HTS/ CENTENARY PK/ EDMONTON/ TAMARIND GARDENS

$240 14 $250 16


4878

CARAVONICA/ HOLLOWAYS BCH/ LAKE PLACID/ MACHANS BCH/ MCGREGOR/ SMITHFIELD/ SMITHFIELD HTS/ YORKEYS KNOB

$290 92 $290 90

4879BUCHAN PT/ CLIFTON BCH/ ELLIS BCH/ KEWARRA BCH/ PALM COVE/ TRINITY BCH/ TRINITY PK

$300 99 $310 128

DOUGLAS SHIRE $290 57 $280 83

4873MOSSMAN/ COOYA BEACH/ COW BAY/ MIALLO/ NEWELL/ WONGA

$200 7 $200 22


$290 50 $290 61

CASSOWARY COAST REGIONAL $220 99 $200 85

4849 CARDWELL $195 8 N/A N/A

4852 BINGIL BAY $250 25 $230 22

4854 BILYANA $145 27 $210 11

4860 BAMBOO CREEK $230 38 $193 49

TABLELANDS REGIONAL $210 28 $230 35

4883 ATHERTON/ UPPER BARON $220 20 $235 28

MAREEBA SHIRE $250 27 $250 25

4880 MAREEBA/ BIBOOHRA $250 25 $250 21



RENTAL MARKET - 3 BED TOWNHOUSESCAIRNS REGIONAL $350 20 $370 13


4861 BABINDA/ BARTLE FRERE

DOUGLAS SHIRE $385 10 N.A. 4


$385 10 N/A 3

47


MARCH QUARTER 2016

OTHER REGIONAL


SOUTH-WEST

MARANOA (LGA) 14 N/A N/A $245,000 -14.0% -13.7% $284,000

ROMA 11 N/A N/A $260,000 -15.0% -11.9% $295,000

CHARLEVILLE 1 N/A N/A $110,000 -1.1% -22.8% $142,500

NORTH-WEST

MOUNT ISA (LGA) 22 $291,500 -2.2% $325,000 -7.7% -6.2% $346,500

COOKTOWN 2 N/A N/A $275,000 22.0% -16.0% $327,500

TABLELANDS (LGA) 8 N/A N/A $105,000 5.0% -10.3% $117,000

ATHERTON 3 N/A N/A $100,000 0.0% -16.0% $119,000

SOUTH WEST

BALONNE SHIRE $250 17 $240 19

4487 ST GEORGE $250 14 $240 17

MARANOA REGIONAL $230 72 $350 51

4455 ROMA $250 60 $350 39

MURWEH $215 17 $230 19

4470 CHARLEVILLE $215 16 $230 19

CENTRAL WEST

LONGREACH $225 17 $260 23

4730 BRIXTON $230 15 $260 21

BLACKALL-TAMBO $200 6 N/A N/A

4472 BLACKALL $200 6 N/A N/A

NORTH WEST

CLONCURRY SHIRE $300 8 $360 15

4824 CLONCURRY $300 8 $360 15

MOUNT ISA CITY $380 105 $430 110

4825 ALEXANDRIA $380 105 $430 110

FAR NORTH

COOK SHIRE $300 26 $280 27

4871 ALMADEN $300 18 $240 16

4895 BLOOMFIELD $350 7 $330 9

RENTAL MARKET - 3 BED HOUSES

SOUTH WEST

BALONNE SHIRE $160 6 N/A N/A

4487 ST GEORGE N/A 4 N/A N/A

MARANOA REGIONAL $185 29 $280 24

4455 ROMA $185 26 $280 23

CENTRAL WEST

NORTH WEST

CLONCURRY SHIRE $250 8 N/A 8

4824 CLONCURRY $250 8 $220 8

MOUNT ISA CITY $250 74 $290 90

4825 ALEXANDRIA $250 74 $290 90

FAR NORTH

COOK SHIRE $270 8 $250 11

4895 BLOOMFIELD N/A 3 $265 9




SUBURB NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN

SALE

1YR CHANGE

5YR CHANGE

ANNUAL MEDIAN

SALE (5YRS AGO)



0

20

40

60

80

100

120

140

BRIS

BAN

E SD

Bris

bane

Ipsw

ich

Loga

n

Mor

eton

Bay

Redl

and

Gol

d Co

ast

Suns

hine

Coa

st S

D

Suns

hine

Coa

st

Noo

sa

Fras

er C

oast

Cair

ns

Bund

aber

g

Gla

dsto

ne

Mac

kay

Rock

ham

pton

Toow

oom

ba

Tow

nsvi

lle

Average Days On Market - HOUSES

2015 2016*

*12mths to the end of February Source: REIQ, data supplied by CoreLogic RP Data

-14.0%

-12.0%

-10.0%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

Average Vendor Discounting - HOUSES

2015 2016*


HOUSES CHANGE OVER YEAR

LGA TOTAL LISTINGS % STOCK ON MARKET DAYS ON MARKET VENDOR DISCOUNT TOTAL

LISTINGS% STOCK ON

MARKETDAYS ON MARKET

VENDOR DISCOUNT

12MTHS ENDING FEB 2016* 2015 2016* 2015 2016* 2015 2016* 2015 PTS PTS

BRISBANE SD 44,647 49,875 7.0% 7.9% 67 66 -5.5% -5.7% -10% -0.8% 0 0.2%

BRISBANE 19,782 21,391 6.5% 7.0% 57 57 -5.5% -5.6% -8% -0.5% 0 0.0%

IPSWICH 4,397 5,427 7.1% 8.7% 82 81 -6.1% -6.6% -19% -1.7% 1 0.5%

LOGAN 6,717 7,360 7.6% 8.3% 70 76 -5.2% -5.6% -9% -0.7% -5 0.4%

MORETON BAY 9,728 11,152 7.5% 8.6% 71 72 -5.1% -5.4% -13% -1.1% -0 0.3%

REDLAND 4,023 4,545 8.0% 9.1% 75 71 -5.6% -5.8% -11% -1.0% 4 0.2%

GOLD COAST 10,043 11,329 8.0% 9.0% 68 72 -5.4% -6.0% -11% -1.0% -4 0.6%

SUNSHINE COAST SD 8,702 11,044 8.5% 10.8% 89 88 -5.8% -5.9% -21% -2.3% 1 0.1%

SUNSHINE COAST 6,923 8,481 8.4% 10.3% 85 84 -5.6% -5.7% -18% -1.9% 0 0.1%

NOOSA 1,779 2,563 9.2% 13.2% 107 104 -6.6% -6.7% -31% -4.1% 3 0.1%

FRASER COAST 3,609 4,880 9.7% 13.1% 115 108 -7.8% -7.9% -26% -3.4% 7 0.1%

CAIRNS 3,582 3,727 7.9% 8.3% 72 66 -6.4% -5.8% -4% -0.3% 6 -0.6%

BUNDABERG 2,913 3,806 8.7% 11.4% 103 99 -7.9% -8.0% -23% -2.7% 5 0.1%

GLADSTONE 1,516 2,197 6.9% 10.0% 99 113 -10.2% -10.0% -31% -3.1% -14 -0.2%

MACKAY 2,586 3,497 6.8% 9.2% 107 105 -12.2% -10.6% -26% -2.4% 2 -1.6%

ROCKHAMPTON 2,247 2,848 8.1% 10.3% 104 97 -9.8% -9.0% -21% -2.2% 7 -0.8%

TOOWOOMBA 4,217 4,704 8.5% 9.5% 72 63 -5.9% -4.7% -10% -1.0% 8 -1.2%

TOWNSVILLE 4,109 5,261 6.9% 8.8% 96 92 -9.2% -8.1% -22% -1.9% 4 -1.2%

* Figures are preliminary

Source: REIQ. Data supplied by CoreLogic RP Data Market Trends



0

20

40

60

80

100

120

140

160

180

BRIS

BAN

E SD

Bris

bane

Ipsw

ich

Loga

n

Mor

eton

Bay

Redl

and

Gol

d Co

ast

Suns

hine

Coa

st S

D

Suns

hine

Coa

st

Noo

sa

Fras

er C

oast

Cair

ns

Bund

aber

g

Gla

dsto

ne

Mac

kay

Rock

ham

pton

Toow

oom

ba

Tow

nsvi

lle

Average Days On Market - UNITS

2015 2016*

*12mths to the end of February Source: REIQ, data supplied by CoreLogic RP Data

-16.0%

-14.0%

-12.0%

-10.0%

-8.0%

-6.0%

-4.0%

-2.0%

0.0%

Average Vendor Discounting - UNITS

2015 2016*

UNITS & TOWNHOUSES CHANGE OVER YEAR

LGA TOTAL LISTINGS % STOCK ON MARKET DAYS ON MARKET VENDOR

DISCOUNTTOTAL

LISTINGS% STOCK

ON MARKETDAYS ON MARKET

VENDOR DISCOUNT

12MTHS ENDING FEB 2016* 2015 2016* 2015 2016* 2015 2016* 2015 PTS PTS

BRISBANE SD 14,624 15,393 7.7% 8.1% 76 73 -5.0% -5.1% -5% -0.4% 3 0.1%

BRISBANE 9,971 9,860 7.0% 6.9% 69 63 -4.7% -4.7% 1% 0.1% 5 -0.0%

IPSWICH 501 558 9.8% 10.9% 107 114 -6.9% -7.4% -10% -1.1% -7 0.6%

LOGAN 1,455 1,758 10.2% 12.3% 87 97 -5.5% -6.2% -17% -2.1% -10 0.7%

MORETON BAY 2,015 2,423 9.0% 10.9% 102 101 -5.8% -5.8% -17% -1.8% 2 -0.1%

REDLAND 682 794 9.5% 11.0% 88 90 -5.2% -5.4% -14% -1.6% -2 0.2%

GOLD COAST 11,247 13,139 9.2% 10.8% 88 91 -5.7% -6.5% -14% -1.6% -3 0.8%

SUNSHINE COAST SD 4,671 5,876 9.5% 12.0% 107 105 -6.2% -6.4% -21% -2.5% 1 0.3%

SUNSHINE COAST 3,649 4,515 9.5% 11.7% 104 103 -6.1% -6.3% -19% -2.3% 1 0.2%

NOOSA 1,022 1,361 9.7% 12.9% 117 112 -6.5% -6.9% -25% -3.2% 5 0.4%

FRASER COAST 591 811 12.7% 17.4% 127 104 -7.6% -5.7% -27% -4.7% 22 -1.9%

CAIRNS 2,105 2,197 9.7% 10.1% 89 86 -7.2% -7.1% -4% -0.4% 4 -0.1%

BUNDABERG 421 544 11.5% 14.8% 123 152 -8.0% -8.4% -23% -3.4% -30 0.4%

GLADSTONE 246 344 6.4% 9.0% 131 130 -10.9% -13.3% -28% -2.6% 1 2.4%

MACKAY 474 655 7.5% 10.4% 118 144 -15.1% -14.0% -28% -2.9% -27 -1.1%

ROCKHAMPTON 182 247 7.9% 10.7% 111 121 -7.2% -7.9% -26% -2.8% -9 0.7%

TOOWOOMBA 623 616 8.3% 8.2% 90 69 -4.7% -4.4% 1% 0.1% 21 -0.3%

TOWNSVILLE 1,201 1,625 9.7% 13.1% 112 122 -9.3% -9.2% -26% -3.4% -10 -0.0%

* Figures are preliminary

Source: REIQ. Data supplied by CoreLogic RP Data Market Trends


RENTAL MARKET INDICATORS

RENTAL MARKET INDICATORSRESIDENTIAL VACANCY RATES

AS AT END OF: MAR-16 DEC-15 CHANGE TREND STATUS

BRISBANE SD 2.6% 2.8% -0.2 STEADY HEALTHY

BRISBANE 3.0% 3.1% -0.2 STEADY HEALTHY

BRISBANE INNER (0-5KM) 3.3% 3.8% -0.5 DOWN HEALTHY

BRISBANE BAL (5-20KM) 2.5% 2.1% 0.4 UP HEALTHY

BRISBANE SURROUNDS 2.0% 2.3% -0.3 DOWN TIGHT

IPSWICH 1.8% 2.5% -0.7 DOWN TIGHT

LOGAN 2.1% 2.9% -0.8 DOWN TIGHT

MORETON BAY 2.2% 1.9% 0.3 STEADY TIGHT

CABOOLTURE 1.6% 1.4% 0.2 STEADY TIGHT

PINE RIVERS 3.3% 2.9% 0.3 UP HEALTHY

REDCLIFFE 2.4% 1.5% 0.9 UP TIGHT

REDLAND 1.7% 1.6% 0.1 STEADY TIGHT

MAINLAND 1.7% 1.6% 0.1 STEADY TIGHT

BAY ISLANDS 2.1% 2.2% -0.1 STEADY TIGHT

GOLD COAST 1.5% 1.1% 0.4 UP TIGHT

SUNSHINE COAST SD 1.5% 1.3% 0.2 STEADY TIGHT

SUNSHINE COAST 1.5% 1.4% 0.1 STEADY TIGHT

CALOUNDRA COAST 1.2% 1.7% -0.5 DOWN TIGHT

MAROOCHY COAST 1.8% 1.3% 0.5 UP TIGHT

HINTERLAND* 0.9% 1.6% -0.8 DOWN TIGHT

NOOSA 1.4% 0.7% 0.7 UP TIGHT

FRASER COAST 3.2% 3.5% -0.3 DOWN HEALTHY

HERVEY BAY 3.1% 3.0% 0.1 STEADY HEALTHY

MARYBOROUGH 3.2% 4.0% -0.8 DOWN HEALTHY

CAIRNS 2.1% 2.5% -0.4 DOWN TIGHT

BUNDABERG 5.2% 3.9% 1.3 UP WEAK

GLADSTONE 11.3% 10.0% 1.3 UP WEAK

MACKAY 8.1% 9.3% -1.2 DOWN WEAK

ROCKHAMPTON 6.9% 6.1% 0.8 UP WEAK

TOOWOOMBA 3.0% 3.2% -0.2 STEADY HEALTHY

TOWNSVILLE 6.0% 6.4% -0.4 DOWN WEAK

SOUTH BURNETT 3.6% 5.9% -2.4 DOWN WEAK

SOUTHERN DOWNS 3.1% 5.5% -2.4 DOWN HEALTHY

WHITSUNDAY 10.0% 9.5% 0.5 UP WEAK

GROSS YIELDS HOUSES UNITS

QUARTER: MAR-16 DEC-15 MAR-16 DEC-15

GREATER BRISBANE

BRISBANE 3.6% 3.5% 4.9% 4.8%

IPSWICH 5.0% 4.8% 5.7% 4.6%

LOGAN 4.8% 4.9% 5.7% 5.7%

MORETON BAY 4.4% 4.3% 4.8% 4.5%

REDLAND 4.1% 4.1% 4.9% 5.0%

TOURISM CENTRES

GOLD COAST 4.3% 4.2% 5.5% 5.3%

SUNSHINE COAST 4.4% 4.4% 4.8% 4.9%

NOOSA 4.3% 4.3% 4.5% 4.5%

FRASER COAST 5.1% 5.2% 5.1% 5.7%

CAIRNS 4.8% 4.7% 6.7% 6.7%

REGIONAL/RESOURCE AREAS

BUNDABERG 5.3% 5.4% 4.9% 4.6%

GLADSTONE 3.8% 3.8% 3.3% N/A

MACKAY 4.5% 4.3% 4.7% 3.7%

ROCKHAMPTON 5.7% 5.4% 4.3% N/A

TOOWOOMBA 4.4% 4.4% 4.1% 4.2%

TOWNSVILLE 4.9% 4.6% 5.2% 4.7%

OTHER REGIONAL AREAS

BURDEKIN 7.5% N/A N/A N/A

CASSOWARY COAST 7.1% 5.9% 10.6% N/A

CENTRAL HIGHLANDS 7.2% N/A 4.6% N/A

CHARTERS TOWERS N/A N/A N/A N/A

DOUGLAS 4.2% N/A 6.6% 7.3%

GOONDIWINDI N/A N/A N/A N/A

GYMPIE 5.3% 5.4% 3.8% N/A

HINCHINBROOK N/A N/A 4.9% N/A

ISAAC 13.5% N/A 8.9% N/A

LIVINGSTONE 4.0% 4.2% 5.7% 4.0%

LOCKYER VALLEY 6.0% 6.3% 5.2% N/A

MAREEBA N/A N/A 4.6% N/A

MOUNT ISA 6.8% N/A N/A N/A

NORTH BURNETT N/A N/A 6.8% N/A

SCENIC RIM 5.2% 5.3% 5.9% N/A

SOMERSET 6.5% N/A 4.2% N/A

SOUTH BURNETT 6.0% 7.0% 7.0% N/A

SOUTHERN DOWNS 5.8% 5.6% 5.1% N/A

TABLELANDS 5.0% 5.2% 6.8% N/A

WESTERN DOWNS 5.0% 5.9% 15.6% N/A

WHITSUNDAY 5.3% 4.1% 4.7% 3.9%

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

ABN 49 009 661 287

Sales data obtained from Core Logic RP Data (www.corelogic.com.au) and median weekly rental data from the Residential Tenancies Authority (www.rta.qld.gov.au). Enquiries about the reproduction of part or all of the information should be directed to the Corporate Affairs Division, REIQ.

© The State of Queensland (Department of Environment and Resource Management) 2015. Based on data provided with the permission of the Department of Natural Resources and Mines: [QVAS 2015]. The Department of Environment and Resource Management makes no representations or warranties about accuracy, reliability, completeness or suitability of the data for any particular purpose and disclaims all responsibility and all liability (including without limitation, liability in negligence) for all expenses, losses and damages (including indirect or consequential damage) and costs which might be incurred as a result of the data being inaccurate or incomplete in any way and for any reason.

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

Vacancy Trend: Steady = +/- 0 to 0.2%pts Up = +0.3% pts or more Down = -0.3% pts or more * change greater than 0.5 pts

Market Status: TIght <2.5% Healthy 2.5-3.5% Weak >3.5%

Source: REIQ Residential Rental Survey

Yields comparison based on preliminary data for Mar-2016 N/A: Any region with less than 20 transactions is not included in yield calculations

QUEENSLAND MARKET MONITOR is a quarterly, electronic publication entirely focused on residential sales and rental research data for regions throughout the State, on a suburb-by-suburb basis. It meets the high standards for accurate data and reliable analysis that you have come to expect from the REIQ.

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• Analytical market commentary.

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