Qmm issue26 nerangfirstnational by First National Nerang

REIQ

QUEENSLAND MARKET MONITOR ISSUE 26

MAR QTR 2015

your state-wide property research guide suburb by suburb

QMM STATE-WIDE COMMENTARY

SUSTAINABLE GROWTH AND STABILISATION Over the first quarter of 2015, Queenslandâ&#x20AC;&#x2122;s residential property markets largely continued the trends established in late 2014. Those areas where improvements have been consistent, continued to show solid results and the areas where the market has been flat or struggling now look to be finding their feet. Integral to all regions have been major infrastructure projects, which have provided much-needed economic stimulation and underpinned recovery. Proudly supported by

The Gold Coast sales activity will quieten heading into the winter months but the lift in construction and tourism industries provided some buoyancy in the first quarter of 2015. The same can be said for the Sunshine Coast and Cairns, with all three regions recording continued solid results. Investor activity did increase across the state, however it was not as pronounced in some regions as many had anticipated. Australian Bureau of Statistics figures reveal dwellings financed for investment purposes were at a five-year high. >p2

REIQ RESEARCH EXPLANATORY NOTES SALES MARKET DATA

ON THE MARKET INDICATORS

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).

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

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 the time of reporting are published. N/A (LGA) Brisbane (SD)

Due to insufficient sales numbers (as at the time of data extraction) no median sale price has been calculated Local Government Area Brisbane Statistical Division comprising the LGAâ&#x20AC;&#x2122;s of Brisbane City, Ipswich City, Logan City, Moreton Bay Regional and Redland City

"Days on Market" is calculated as the average number of days it has taken to sell those properties sold by private treaty sale during the 12 month period. The calculation excludes auction listings and listings where an asking price is not advertised. The days on market calculation uses the contract date on the property compared with the first advertised date. "Vendor Discount" is the average difference between the contract price on a property and the first advertised price. The figure is expressed as a percentage and is an average of all private treaty sales which sold for less than their initial asking price during the last 12 months. Auction listings and listings without an advertised asking price are excluded from the calculation. "Total Listings" is the total unique number of properties that have been advertised for sale and captured by RP Data over the 12 month period. To be included in the count, the listings have to be matched to an actual address. "% Stock on Market" is the percentage of dwellings within the suburb or local government area that have been listed for sale over the past year.

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 2400 m2

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

Median price changes influenced by varying quality of stock sold

Median price changes influenced by varying quantities of new properties sold

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

Median price changes influenced by varying quantities of waterfront properties sold

Medians affected by varying quantities of townhouses sold

Median affected by high yielding property sales

Median price changes influenced by the varying volumes of sales between the Mainland and Bay Islands areas

PRICE POINT GRAPHS

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. Source: REIQ, data obtained from CoreLogic RPData Data report date: 13 May 2015

Published date: 9 June 2015

RENTAL MARKET DATA

GROSS RENTAL YIELDS

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

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

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 N.A.

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

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

All figures are based upon all residential rentals as at the end of each quarterly period, as submitted by REIQ accredited agents. Only LGAs with a minimum sample size of 10 per cent (based upon number of bonds held by the RTA) are reported on. N/A

Due to insufficient information received no vacancy rate has been calculated

Source: REIQ Residential Rental Survey 2 QUEENSLAND MARKET MONITOR

STATE-WIDE SUMMARY

CONTINUED

The downturn in regional centres hasn’t been good news for some, however it has represented opportunity for first home buyers.

REIQ

On the Fraser Coast, where the local council offers its own incentive scheme, first-home buyer activity is said to be strong. Major centres such as Mackay, Rockhampton and Gladstone are seeing a pick-up in activity where affordable house prices combined with low interest rates are helping many first home buyers make the decision to move from renting to buying.

Brisbane City

ABS figures for the March quarter also show an improvement in first home buyer finance, however levels still remain well below the long-term trend.

Greater Brisbane

TABLE OF CONTENTS Queensland market update 1 REIQ Explanatory notes Brisbane market updates

HOUSE MARKET

The metropolitan Brisbane house market continues to lead the way with the shortest days on market and lowest vendor discounting.

Regional market updates Gold Coast

However, Toowoomba has now taken over the Greater Brisbane region as the state’s fastest selling major regional centre.

Toowoomba 19 Sunshine Coast

Fraser Coast

Toowoomba’s sales activity may be levelling off for the moment, however, the garden city’s local economy is likely to continue to improve thanks to a diverse range of industries underpinning the local economy. And when the economy does well, real estate activity does well.

Bundaberg 25 Gladstone 27 Rockhampton 28 Mackay 30 Townsville 32 Cairns 34 Other Regional

On The Market Indicators

36 37

Total Listings % Stock on Market Average Vendor Discount Average Days on Market

Rental Market Indicators

Queensland’s residential property markets largely continued the trends established in late 2014

With a lift in activity at the affordable end of the market, median sale prices were down somewhat across the Greater Brisbane region, with Brisbane’s median price BRISBANE HOUSE MARKETS falling below $600,000.March After the surge Quarter 2015 in prestige sales over the December quarter, it came as no surprise that the affordable market would steal the spotlight for Brisbane Brisbane this quarter. ↑Moreton Bay FALLING RISING Redland

On the Gold and Sunshine coasts sales activity was Logan relatively Ipswich stable with steady growth in their respective median house prices. Both regions recorded increases of above six per cent in their annual median house price, indicating prices are beginning to lift. RECOVERING

STABILISING

The state’s resource centres are starting to see a light at the end of the tunnel with Gladstone, Rockhampton and Source: REIQ Mackay agents reporting stable conditions and hints of lift in sales activity. QUEENSLAND HOUSE MARKETS March Quarter 2015

Gross rental yields Residential vacancy rates

↑Toowoomba Brisbane SD ↑Cairns Gold Coast Sunsine Coast

Fraser Coast

Source: REIQ 3 QUEENSLAND MARKET MONITOR

RISING

RECOVERING

FALLING

STABILISING

Gladstone Townsville Rockhampton Bundaberg Mackay MARCH QUARTER 2015

STATE-WIDE SUMMARY

HOUSES (<2400) LGA

SALES ACTIVITY CHANGE

MEDIAN QTRLY SALE PRICE CHANGE

UNITS & TOWNHOUSES MEDIAN SALE PRICE

VACANT LAND (<2400)

SALES MEDIAN ACTIVITY SALE PRICE CHANGE

QTRLY CHANGE

SALES ACTIVITY CHANGE

QTRLY CHANGE

GREATER BRISBANE BRISBANE SD

$475,000

-1.5%

BRISBANE

$580,000

-3.3%

IPSWICH

$315,500

-1.4%

-5%

$393,000

2.1%

-8%

$424,500

1.4%

$261,250

8.9%

*t ~*

$217,000

0.5%

10%

$335,000

-2.9%

23%

$178,000

1.5%

19%

11%

$210,000

6.3%

11%

22%

$214,800

-3.9%

-18%

45%

$38,000

8.6%

39%

LOGAN

$350,000

-1.1%

-4%

$228,000

-5.0%

MORETON BAY

$395,000

0.0%

-4%

$305,000

-0.8%

REDLAND

$472,500

-1.4%

-2%

$389,000

15.1%

GOLD COAST

$531,500

2.2%

$355,000

1.4%

28%

$232,000

-0.4%

SUNSHINE COAST REGION

$498,400

2.8%

-2%

$355,000

1.4%

12%

$250,000

-3.5%

SUNSHINE COAST

$489,000

1.5%

-3%

$348,000

-0.4%

16%

$239,500

-1.1%

-7%

NOOSA

$565,000

8.7%

$385,000

2.7%

-7%

$365,500

-16.5%

33%

FRASER COAST

$285,500

0.2%

21%

$242,000 -10.4%

38%

$140,000

12.0%

13%

CAIRNS

$390,000

0.0%

-1%

$219,500

5.5%

-15%

$190,500

-8.0%

-18%

$145,000

5.5%

-32%

$175,000

-12.7%

-23%

TOURISM CENTRES

-26%

REGIONAL CENTRES BUNDABERG

$283,000

2.9%

$231,500 -12.6%

GLADSTONE

$379,500

6.5%

-8%

$236,000

-3.5%

66%

MACKAY

$385,000

4.1%

18%

$250,000 -31.5%

70%

$195,000

-4.2%

19%

ROCKHAMPTON

$300,000

2.0%

$310,000 -11.4%

-6%

$170,000

41.1%

-5%

TOOWOOMBA

$354,000

1.1%

-11%

$291,500

8.5%

24%

$186,500

20.3%

38%

TOWNSVILLE

$350,000

-0.7%

-9%

$272,500

-6.0%

30%

$165,000

-1.2%

-51%

Due to low volume of sales, % changes should be used with caution.

While there is still a long way to go before the market picks up again, local agents in each region feel a corner has been turned. Local council efforts in Mackay and Gladstone are also aiming to diversify their respective industries knowing it will help scaffold the future growth of their regions. In Rockhampton the improving beef industry is giving the region a much-needed confidence boost. UNIT MARKET

While the house market took a breather in many parts of the state, a number of unit and townhouse markets recorded increased sales activity. Most notably Greater Brisbaneâ&#x20AC;&#x2122;s Logan, Moreton Bay and Redland City recorded strengthening sales activity, as did the Gold and Sunshine coasts. In regional areas Townsville was a standout performer, however, this may be more of an indication of investors offloading their properties and being unable to wait out the current downturn. As a result a shift in property prices is occurring, and a similar trend is being seen in Gladstone. The consequence of this is that median sale prices in a number of regional centres have eased and average vendor discounting rates have increased. Although the unit market in Cairns has struggled on the back of high insurance and body corporate fees, local agents report renewed investor interest, namely at the affordable end of the market, which bodes well for the region. 4 QUEENSLAND MARKET MONITOR

ON THE MARKET" LGA

HOUSES (ALL)

UNITS (ALL)

STOCK STOCK DAYS ON VENDOR DAYS ON VENDOR ON ON MARKET DISCOUNT MARKET DISCOUNT MARKET MARKET

GREATER BRISBANE BRISBANE SD

7.1%

-5.7%

7.6%

-5.1%

BRISBANE

6.7%

-5.6%

6.8%

-4.7%

IPSWICH LOGAN MORETON BAY REDLAND TOURISM CENTRES GOLD COAST SUNSHINE COAST SD FRASER COAST CAIRNS REGIONAL QLD BUNDABERG GLADSTONE MACKAY ROCKHAMPTON TOOWOOMBA TOWNSVILLE

7.4% 7.4% 7.4% 8.6%

82 76 71 71

-6.6% -5.7% -5.3% -5.8%

10.6% 10.7% 9.4% 9.8%

112 97 100 89

-7.3% -6.1% -5.8% -5.3%

8.0% 9.3% 9.9% 7.3%

72 87 109 65

-6.0% -5.9% -7.8% -5.8%

9.6% 10.1% 13.3% 8.7%

91 105 104 86

-6.5% -6.5% -5.9% -7.3%

9.0% 7.8% 7.4% 8.4% 8.5% 7.3%

99 113 103 97 63 91

-8.0% -9.9% -10.5% -8.9% -4.7% -8.0%

11.3% 6.7% 7.9% 8.2% 8.2% 10.7%

152 125 146 111 69 123

-8.5% -13.6% -13.7% -8.0% -4.4% -9.4%

"All figures are for the 12months ending February 2015 SD - Statistical Division: Brisbane SD (Brisbane, Ipswich, Logan, Moreton Bay & Redland); Sunshine Coast SD (Sunshine Coast & Noosa)

STATE-WIDE SUMMARY

RENTAL TRENDS^ LGA GREATER BRISBANE BRISBANE CITY IPSWICH CITY LOGAN CITY MORETON BAY REDLAND CITY TOURISM CENTRES GOLD COAST CITY SUNSHINE COAST NOOSA FRASER COAST CAIRNS REGIONAL QLD BUNDABERG GLADSTONE MACKAY ROCKHAMPTON TOOWOOMBA TOWNSVILLE CITY

MEDIAN WEEKLY RENT 3-BED HOUSE

2-BED FLAT

GROSS RENTAL YIELDS

3-BED TOWNHOUSE

HOUSES

UNITS

$420 $300 $340 $340 $390

UP STEADY STEADY UP UP

$400 $255 $260 $280 $340

UP UP STEADY UP UP

$405 $310 $335 $340 $390

STEADY STEADY UP UP UP

3.9% 4.9% 5.2% 4.6% 4.3%

UP STEADY UP STEADY STEADY

5.0% 5.2% 6.2% 4.8% 4.3%

STEADY DOWN UP STEADY DOWN*

$440 $410 $430 $285 $360

UP* UP* UP* UP UP*

$370 $325 $375 $245 $280

UP UP UP* UP* STEADY

$395 $400 $500 $310 $350

UP UP* UP* STEADY STEADY

4.3% 4.5% 4.0% 4.8% 5.1%

STEADY STEADY DOWN DOWN UP

5.4% 5.1% 4.9% 6.9% 5.2%

STEADY UP DOWN UP* DOWN*

$285 $300 $320 $295 $310 $320

UP DOWN* DOWN* DOWN* UP* DOWN*

$225 $250 $245 $230 $250 $280

UP DOWN* DOWN* DOWN* UP STEADY

$280 $360 $350 $345 $300 $340

DOWN* DOWN* DOWN* DOWN* DOWN* DOWN

5.1% 4.1% 4.3% 5.2% 4.6% 4.9%

DOWN DOWN DOWN STEADY STEADY UP

5.2% 4.5% 4.8% 3.9% 4.5% 5.2%

UP* DOWN* UP* UP DOWN UP

* change greater than $20 (rents) or 0.5 pts (yields) NB Trend for rents are over year; while trend for yields are over the quarter

FOR FULL ON THE MARKET AND RENTAL MARKET STATISTICS BY LOCAL GOVERNMENT AREA, SEE PAGE 37-39

RENTAL MARKET

Regional Queensland’s vacancy rates are incrementally improving, while the southeast corner - the Gold Coast, Brisbane and the Sunshine Coast - powers on with healthy-to-tight market ratings. Good news for investors as at the end of March 2015 with a small drop recorded in vacancy rates in Mackay, Gladstone and Rockhampton. Likewise, investors on the Sunshine Coast, Gold Coast and Brisbane continued to enjoy tight vacancy rates, ensuring the best opportunity for return on investment. On the Gold and Sunshine coasts continued tight conditions in rentals are due to two groups of investors at work – those who are selling to owner occupiers, thus reducing rental stock, and those who are buying properties which then adds to rental stock. The net effect of this activity is that vacancy rates remain static. In Brisbane local agents say first home buyers are beginning to become more active, contributing to a softening of rental demand as they leave the rental market for their first mortgage. Investors are also becoming increasingly more active adding to supply and we anticipate that we will start to see a softening of Brisbane’s rental market over the rest of the year.

VACANCY RATES LGA/REGION' GREATER BRISBANE BRISBANE SD BRISBANE CITY IPSWICH CITY LOGAN CITY MORETON BAY REDLAND CITY TOURISM CENTRES GOLD COAST CITY SUNSHINE COAST REGION SUNSHINE COAST NOOSA FRASER COAST CAIRNS REGIONAL QLD BUNDABERG GLADSTONE MACKAY# ROCKHAMPTON TOOWOOMBA TOWNSVILLE

AS AT 31-MAR-15

TREND

2.2% 2.5% 2.4% 2.1% 1.3% 2.4%

STEADY DOWN STEADY STEADY STEADY UP

1.3% 1.7% 1.9% 1.0% 2.3% 2.4%

DOWN UP UP STEADY UP STEADY

4.1% 3.8% 9.4% 4.4% 3.2% 5.9%

STEADY DOWN DOWN DOWN UP UP

See page 39 for full vacancy rate data

MARCH QUARTER 2015

BRISBANE MARKET UPDATES

BRISBANE CITY

The biggest news in this market is the drop in Brisbane’s median house price to below $600,000 – to $580,000 – after a brief flirtation of just one quarter at this benchmark. The small drop, of 3.3 per cent, is largely due to flatter activity in the prestige market following a robust final quarter of 2014. The first quarter of the year is historically a quieter time for sales activity and that held true in 2015 with total house sales activity down eight per cent. The long-term trend in sales volumes however remains strong with activity up on the same time last year. This steady growth in sales volumes bodes well for property buyers in the state’s capital city, as price growth has remained in check. Brisbane’s rental market remains healthy with vacancy rates at the end of March down since the end of 2014. Concerns of an oversupply in the inner city rental market may be eased with new data from the Residential Tenancies Authority pointing toward demand keeping relatively apace of supply. HOUSE MARKET

Over the quarter, Brisbane’s median house price was down 3.3 per cent on the back of a drop in activity most notably in the upper end of the market. Sales in the $500,000 and $1 million-plus price points recorded larger drops in preliminary numbers than was seen in the more affordable price points. However, figures for the year ending March 2015 clearly show that Brisbane’s house prices are starting to lift, with the median house price up 7.2 per cent compared to the previous year. BRISBANE CITY HOUSE SALES (p) DEC 14

MAR 15 1,922

788 130

<$350,000

$1m+

BRISBANE CITYMORETON UNITBAYSALES (p) INCLUDES IPSWICH, LOGAN, & REDLAND

1,078

1,079

1,234

1,276

MAR 15 MAR 15

770 811

571 310 342 47

540 468 427 22 19 47 49

<$350,000 $350,000+ $500,000+ <$250,000 $250,000+ $350,000+ $500,000+

While the house market took a breather over the quarter, unit and townhouse sales were up, with both inner and outer ring suburbs performing well. Inner suburbs of Kangaroo Point, Morningside, Indooroopilly and St Lucia all saw an increase in buyer activity while Chermside and Eight Mile Plains both recorded 11 more preliminary unit sales compared with the previous quarter. Time on market also continues to improve for Brisbane’s unit and townhouse market. Unit listings are spending on average two weeks fewer on the market compared with a year ago, while vendors now only have to drop their original list price by an average 4.7 per cent. Buyer activity was also most prominent in the $350,000plus price point, up 41 sales compared to the December HOUSE PRICEPOINTSprice point. This quarter, as was the $500,000-plus combined with steady sales in the prestige market saw the overall median unit and townhouse price increase 1.4 TOOWOOMBA HOUSE SALES (p) per cent over the quarter.

142

$1m+ $1m+

The continued supply ofHOUSE new apartments in the inner city FRASER COAST SALES (p) TOOWOOMBA UNITREIQ SALES analysis (p) remains a concern however of approximate DEC 14 MAR 15 new dwelling counts from against the increase in total DEC 14 MAR 15 227 bonds202 held by the RTA 52 show that tenant demand is there. Local agents in 40 the inner Brisbane area also say that 36 minimising vacancy levels is paramount to the viability of 28 70 business managing each the residential letting 60 agency 14 management new apartment. Good relationship with their 13 6 10 4 4 incentives to new landlords, coupled with offering rental <$350,000 $500,000+ prospective tenants, is$350,000+ said to contribute significantly to <$250,000 $250,000+ $350,000+ $500,000+ keeping vacancy levels low.

<$3

ROCK

64 9

<$250,00

BUNDABERG HOUSE SALES (p) FRASER COAST UNIT SALES (p) DEC 14

INCLUDES IPSWICH, LOGAN, BAY &15 REDLAND DEC 14 MORETON MAR 6 QUEENSLAND MARKET MONITOR

MAR 15 667

MAR 15

According to local agents, the outer ring suburbs are receiving increased tenant demand from those being $500,000+ priced<$350,000 out of the inner$350,000+ suburbs or simply wanting to get UNIT PRICEPOINTS more for their money.

GOLD COAST HOUSE SALES (p) BRISBANE SURROUNDS UNIT SALES (p) DEC 14

DEC 14

ROCK

247

BRISBANE SURROUNDS HOUSE SALES (p) DEC 14 DEC 14

UNIT MARKET

At the end of March,200 Brisbane 196 City recorded a vacancy rate of 2.5 per cent, with both the inner and outer suburbs recording a drop compared to the end of December. 87 332

$500,000+

In line with general trends during an upswing in the market, it’s the inner city suburbs that are taking the lead in terms of median price growth. The likes of Highgate Hill, Teneriffe and Balmoral top the list with more than 30 per cent growth in the median house price compared to five years ago.

239

753

$350,000+

Along with improving days on market and vendor discounting rates, listing numbers have also now vastly improved as more vendors recognise that now is the time sell. Particularly for up-graders as any price increase they may make on the sale of their current home will also mean paying a higher price for their next home purchase.

RENTAL 271 MARKET

1,840

129

The proportion of profit-making sales also continues to trend upwards with 92 per cent of vendors in Brisbane over the year to February achieving a sale price higher than what they originally paid.

159

157

DEC 14

MAR 15

222

BRISBANE MARKET UPDATES

SALES MARKET - HOUSES SUBURB

NUMBER OF SALES

SALES MARKET - HOUSES (CONT’D) MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

SUBURB

NUMBER OF SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

BRISBANE (LGA) ~

3091

$580,000

-3.3%

$587,000

7.2%

15.1%

JINDALEE

$531,250

6.5%

$500,000

7.5%

8.0%

BRISBANE (LGA) ^

$975,000

2.6%

$980,000

12.0%

8.9%

KANGAROO POINT

N/A

$767,250

2.0%

16.7%

ACACIA RIDGE

$351,250

3.3%

$347,500

10.3%

3.7%

KARANA DOWNS

N/A

$382,500

-2.5%

-9.0%

ALBION

N/A

$702,500

4.2%

22.8%

KARANA DOWNS ^

N/A

$486,500

9.3%

-3.7%

ALDERLEY

$668,000

-6.0%

$697,500

7.3%

19.0%

KEDRON

$627,500

3.1%

$625,000

7.8%

26.3%

ALGESTER

$462,000

4.0%

$462,000

10.0%

11.3%

KELVIN GROVE

$750,000

7.8%

$710,000

8.0%

14.2%

ANNERLEY

$650,000

0.4%

$660,000

10.5%

20.5%

KENMORE

$577,500

2.2%

$576,250

1.1%

10.8%

ASCOT ~

$1,496,000

20.6%

$1,352,500

20.0%

17.6%

KEPERRA

$463,500

-0.3%

$462,000

10.4%

7.4%

ASHGROVE

$836,000

-0.5%

$812,500

3.9%

22.2%

KURABY

$596,000

4.0%

$578,250

2.8%

7.9%

ASPLEY

$531,250

2.2%

$534,000

9.5%

15.3%

LOTA ~

$530,000

-23.2%

$550,000

0.5%

17.6%

AUCHENFLOWER

N/A

$907,100

10.8%

16.3%

LUTWYCHE ~

$950,000

30.1%

$740,000

N/A

28.1%

BALD HILLS

$387,500

-5.9%

$385,000

3.4%

-1.1%

MACGREGOR

$602,500

-10.5%

$634,000

6.4%

24.3%

BALMORAL ~

$975,000

2.1%

$950,000

11.4%

31.5%

MACKENZIE

N/A

$690,500

7.1%

10.5%

BANYO

$427,500

-3.9%

$430,000

1.2%

4.2%

MANLY

$760,000

-3.8%

$695,000

9.8%

3.9%

BARDON

$810,000

0.2%

$839,000

14.3%

14.9%

MANLY WEST

$510,000

-6.8%

$522,000

8.8%

7.6%

BELLBOWRIE

$455,000

9.6%

$452,500

0.6%

-1.6%

MANSFIELD

$528,000

-4.0%

$551,625

6.1%

10.4%

BELMONT

$595,000

2.9%

$583,500

6.5%

2.4%

MCDOWALL

$575,000

-7.3%

$595,000

6.8%

10.2%

BOONDALL

$450,000

5.4%

$428,750

2.6%

3.3%

MIDDLE PARK

$562,000

8.0%

$540,001

5.7%

6.3%

BRACKEN RIDGE

$442,500

1.7%

$425,000

2.4%

2.7%

MITCHELTON

$550,000

-5.2%

$565,000

5.6%

14.6%

BRIDGEMAN DOWNS

$735,000

5.4%

$700,000

4.5%

MOGGILL

$527,500

N/A

$502,500

-0.1%

7.8%

BRIGHTON

$413,500

-13.9%

$441,000

7.6%

10.7%

MOOROOKA

$505,000

-8.8%

$552,500

7.3%

15.1%

BROOKFIELD ^

N/A

$1,269,000

N/A

MORNINGSIDE ~

$755,000

19.4%

$644,500

4.2%

13.2%

BULIMBA ~

$1,265,000

17.7%

$1,075,000

9.7%

27.2%

MOUNT GRAVATT

$652,250

12.7%

$566,250

1.6%

17.0%

CALAMVALE

$570,000

-1.0%

$570,000

7.3%

15.2%

MOUNT GRAVATT EAST

$547,500

-2.2%

$557,000

8.2%

19.8%

CAMP HILL ~

$711,000

-8.0%

$733,750

7.1%

20.3%

MURARRIE ~ *

$575,000

-3.4%

$575,000

21.0%

23.7%

CANNON HILL ~

$597,500

-9.8%

$660,000

10.9%

28.2%

NEW FARM ~

$1,326,250

6.1%

$1,300,000

10.1%

28.1%

CARINA

$578,500

5.2%

$563,500

8.4%

17.4%

NEWMARKET ~

$630,000

-17.7%

$742,500

7.6%

12.5%

CARINA HEIGHTS ~

$635,000

14.0%

$605,500

5.2%

16.6%

NORMAN PARK ~

$915,000

18.4%

$780,000

14.0%

17.3%

CARINDALE

$700,000

-4.8%

$702,500

2.6%

4.1%

NORTHGATE

$678,000

4.3%

$620,000

12.7%

19.2%

CARSELDINE

$552,500

-9.8%

$567,250

9.1%

8.7%

NUDGEE ~

N/A

$569,000

17.3%

20.7%

CHAPEL HILL

$688,000

-0.6%

$688,000

6.2%

8.5%

NUNDAH ~

$560,000

-22.2%

$665,000

8.0%

17.7%

CHELMER ~

N/A

$1,037,500

29.7%

16.6%

OXLEY

$501,650

-4.6%

$500,000

9.9%

13.6%

CHERMSIDE ~

$480,000

-2.4%

$573,500

18.2%

25.9%

PADDINGTON ~

$800,000

-10.9%

$880,000

-1.0%

20.6%

CHERMSIDE WEST ~

$522,500

1.0%

$520,000

17.1%

14.7%

PARKINSON

$575,500

-1.3%

$582,000

7.9%

16.9%

CLAYFIELD

$1,032,000

8.3%

$907,500

11.7%

5.2%

PULLENVALE ^

N/A

$940,000

1.3%

-3.1%

COOPERS PLAINS

$508,194

10.5%

$482,000

3.7%

14.8%

RED HILL ~

$866,000

14.7%

$775,000

9.3%

13.1%

COORPAROO

$735,000

-6.4%

$747,500

10.4%

14.1%

RICHLANDS

N/A

$401,500

N/A

-4.7%

CORINDA ~

$691,250

7.2%

$650,000

18.2%

11.6%

RIVERHILLS

$463,750

10.4%

$445,000

5.0%

6.2%

DARRA

N/A

$342,500

7.0%

-0.7%

ROBERTSON

N/A

$734,440

2.4%

11.9%

DEAGON

$405,000

9.5%

$410,500

10.9%

7.5%

ROCKLEA ~

N/A

$370,000

14.7%

-2.6%

DOOLANDELLA

N/A

$425,000

3.4%

21.4%

RUNCORN

$480,050

-10.9%

$501,400

11.9%

18.5%

DREWVALE

$535,000

9.5%

$500,000

9.9%

5.3%

SALISBURY

$513,000

0.6%

$503,000

8.2%

16.3%

DURACK

$383,500

-5.3%

$375,000

10.3%

5.6%

SANDGATE

$540,000

6.6%

$530,000

0.4%

6.0%

EAST BRISBANE

$802,750

12.3%

$751,000

13.2%

13.1%

SEVEN HILLS

N/A

$678,750

9.6%

17.0%

EIGHT MILE PLAINS

$750,000

7.9%

$671,900

6.8%

14.9%

SEVENTEEN MILE ROCKS

N/A

$577,500

-2.2%

16.4%

ENOGGERA

$740,000

N/A

$620,000

11.0%

21.9%

SHERWOOD ~

$935,500

11.0%

$840,000

15.5%

23.9%

EVERTON PARK

$533,000

4.9%

$519,000

3.6%

15.0%

SHORNCLIFFE

N/A

$721,000

-1.9%

9.9%

FAIRFIELD ~

N/A

$700,000

26.1%

17.6%

SINNAMON PARK

$577,500

-11.8%

$620,000

7.8%

2.5%

FERNY GROVE

$515,500

-0.9%

$520,000

-3.7%

6.9%

SPRING HILL ~

N/A

$900,000

N/A

26.8%

FIG TREE POCKET

$825,000

3.4%

$825,000

3.1%

3.3%

ST LUCIA ~

$1,138,000

18.4%

$1,077,500

12.1%

17.1%

FITZGIBBON

$422,500

-4.2%

$426,500

7.0%

4.0%

STAFFORD

$542,000

0.7%

$542,000

11.8%

19.9%

FOREST LAKE

103

$400,000

3.1%

$398,000

2.7%

2.1%

STAFFORD HEIGHTS

$538,000

2.5%

$517,000

4.2%

12.4%

GAYTHORNE ~

N/A

$650,000

19.3%

13.8%

STRETTON

$740,000

-5.3%

$747,500

13.3%

15.0%

GEEBUNG

N/A

$465,000

6.9%

8.1%

SUNNYBANK ~

$570,500

-17.5%

$632,750

8.7%

24.1%

GORDON PARK ~

$694,000

-15.1%

$710,000

9.7%

24.6%

SUNNYBANK HILLS

$590,500

3.6%

$586,000

9.8%

20.8%

GRACEVILLE ~ f

$735,000

-32.6%

$725,000

0.8%

14.2%

TAIGUM

$480,000

N/A

$480,000

12.9%

6.7%

GRANGE

$680,000

-13.8%

$770,000

13.4%

4.8%

TARINGA

$695,000

-13.2%

$750,000

0.0%

-3.4%

GREENSLOPES ~

$728,500

17.5%

$645,000

9.3%

16.2%

TARRAGINDI

$653,614

-3.9%

$645,500

12.3%

17.4%

HAMILTON ~

$985,000

-27.2%

$1,123,000

-5.8%

-1.5%

TENERIFFE ~

N/A

$1,559,000

N/A

35.6%

HAWTHORNE ~

$1,155,000

7.4%

$1,090,000

14.1%

28.3%

THE GAP

$610,000

2.8%

$585,000

2.6%

10.8%

HEATHWOOD

N/A

$532,000

-6.4%

0.9%

TINGALPA

$465,000

1.5%

$465,000

5.6%

8.1%

HEMMANT

N/A

$420,000

9.8%

-1.2%

TOOWONG ~

$700,000

-20.5%

$775,000

9.8%

14.0%

HENDRA ~

$723,500

-15.9%

$830,000

9.2%

7.4%

UPPER KEDRON

$548,750

-6.2%

$560,000

3.2%

3.8%

HIGHGATE HILL ~

$1,100,000

8.9%

$1,085,000

35.6%

41.6%

UPPER MOUNT GRAVATT

$550,000

3.8%

$550,000

9.9%

20.9%

HOLLAND PARK

$637,000

-3.5%

$630,000

13.5%

21.7%

VIRGINIA ~

$597,500

12.9%

$529,500

17.7%

19.9%

HOLLAND PARK WEST

$634,250

4.7%

$605,125

8.6%

15.3%

WAKERLEY

$680,000

-13.9%

$700,000

5.4%

20.7%

INALA

$318,000

3.4%

$310,000

10.1%

5.1%

WAVELL HEIGHTS

$630,750

6.0%

$619,000

14.6%

24.9%

INDOOROOPILLY

$822,500

6.5%

$790,000

9.7%

25.4%

WEST END ~

N/A

$952,500

4.7%

29.7%

JAMBOREE HEIGHTS

$425,000

N/A

$447,000

6.2%

5.2%

WESTLAKE

$682,500

12.5%

$610,000

-2.8%

4.3%

MARCH QUARTER 2015

BRISBANE MARKET UPDATES

SALES MARKET - HOUSES (CONT’D) SUBURB

NUMBER OF SALES

MEDIAN SALE

QTRLY CHANGE

SALES MARKET - UNITS & TOWNHOUSES (CONT’D) ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

SUBURB

NUMBER OF SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

WILSTON

$865,000

-6.5%

$862,000

9.3%

5.1%

KENMORE

N/A

$515,000

N/A

WINDSOR ~

$675,000

-14.6%

$726,000

4.8%

10.9%

LUTWYCHE

$392,000

-8.8%

$402,500

1.6%

10.3%

WISHART

$620,888

0.1%

$587,500

7.2%

11.9%

MANLY WEST

N/A

$370,000

8.0%

-5.0%

WOOLLOONGABBA

$718,750

-3.7%

$670,000

11.6%

15.5%

MILTON

N/A

$491,500

19.3%

-11.3%

WOOLOOWIN ~

$937,500

36.9%

$699,000

-11.0%

6.7%

MOOROOKA ~

$379,500

19.3%

$380,000

2.2%

5.0%

WYNNUM ~

$620,000

3.3%

$585,550

14.8%

18.9%

MORNINGSIDE

$434,500

-5.8%

$467,750

3.7%

7.5%

WYNNUM WEST

$454,000

-2.7%

$475,000

5.8%

5.6%

MOUNT GRAVATT

N/A

$443,000

N/A

YERONGA

$740,000

-5.1%

$715,000

10.4%

5.9%

MOUNT GRAVATT EAST

$381,500

0.9%

$392,500

-5.3%

6.7%

ZILLMERE

$430,000

4.9%

$409,500

7.3%

7.8%

SALES MARKET - UNITS & TOWNHOUSES BRISBANE (LGA)

1769

$424,500

1.4%

$424,000

3.4%

6.5%

NEW FARM

$566,000

7.1%

$568,600

7.3%

16.0%

NEWMARKET

N/A

$445,000

0.2%

11.9%

NEWSTEAD

$652,500

-13.0%

$730,100

-4.6%

43.2%

NORMAN PARK

N/A

$521,000

13.3%

12.9%

ACACIA RIDGE * t

$348,000

0.0%

$348,000

N/A

NORTHGATE

N/A

$409,000

17.0%

12.8%

ALBION

$370,000

N/A

$414,500

-1.8%

-3.6%

NUNDAH *

$391,000

4.3%

$383,373

-7.6%

-8.7%

ALDERLEY ~

$425,000

-20.2%

$478,000

9.3%

33.1%

PADDINGTON

N/A

$454,901

-2.1%

-0.2%

ALGESTER

N/A

$315,000

5.2%

-7.4%

RED HILL

N/A

$447,500

11.9%

28.8%

ANNERLEY

$371,000

-11.7%

$420,000

5.5%

10.8%

RICHLANDS

N/A

$351,900

4.7%

6.6%

ASCOT ~

$419,000

-16.2%

$435,000

11.6%

10.5%

RUNCORN

$323,000

-0.6%

$329,500

-0.2%

-2.9%

ASHGROVE

$442,500

9.3%

$497,500

18.3%

24.4%

SANDGATE

N/A

$455,000

N/A

ASPLEY

N/A

$387,500

4.4%

3.3%

SHERWOOD

N/A

$465,000

6.1%

2.2%

AUCHENFLOWER

$447,500

9.1%

$455,000

-5.5%

5.8%

SINNAMON PARK

N/A

$460,000

N/A

BALMORAL

N/A

$505,500

3.7%

15.9%

SOUTH BRISBANE *

$472,750

0.6%

$475,000

0.0%

13.8%

BANYO

N/A

$503,250

N/A

1.8%

SPRING HILL

$430,000

-1.2%

$423,500

17.0%

8.6%

BARDON

$640,000

N/A

$605,000

14.2%

2.5%

ST LUCIA

$450,000

-8.0%

$482,500

-1.5%

4.9%

BOONDALL

N/A

$394,000

2.3%

N/A

STAFFORD

N/A

$395,000

0.0%

5.3%

BOWEN HILLS ~

$499,000

20.2%

$421,875

1.2%

1.1%

SUNNYBANK HILLS

$365,500

N/A

$363,000

13.4%

0.0%

BRACKEN RIDGE

N/A

$321,500

N/A

-9.4%

TAIGUM * t

$298,000

-4.8%

$378,000

20.0%

5.0%

BRISBANE CITY

111

$485,500

-1.3%

$490,000

1.0%

11.4%

TARINGA

$450,000

3.0%

$435,000

8.3%

5.7%

BULIMBA

$525,000

-2.3%

$560,000

-2.6%

0.9%

TENERIFFE ~

$565,000

13.8%

$595,000

0.4%

9.2%

CALAMVALE

$382,750

1.5%

$378,900

5.0%

5.7%

THE GAP

N/A

$450,000

0.2%

8.4%

CAMP HILL

N/A

$457,500

6.9%

22.0%

TINGALPA

N/A

$355,000

8.8%

2.9%

CARINA

$410,000

-8.8%

$445,000

4.7%

5.0%

TOOWONG

$415,000

-3.2%

$435,000

0.5%

0.0%

CARINA HEIGHTS

N/A

$459,000

5.5%

2.6%

UPPER MOUNT GRAVATT ~ *

N/A

$450,000

25.5%

19.4%

CARINDALE ~ t

N/A

$507,500

26.7%

-2.9%

WAKERLEY

N/A

$415,000

-4.0%

N/A

CARSELDINE

$393,250

2.9%

$393,250

7.2%

9.2%

WAVELL HEIGHTS

N/A

$440,000

18.9%

-3.3%

CHERMSIDE

$404,000

-1.5%

$400,979

-1.0%

-3.4%

WEST END *

$531,104

-1.6%

$545,000

6.7%

-0.9%

CLAYFIELD

$389,000

4.0%

$392,000

3.2%

6.8%

WILSTON

N/A

$437,500

N/A

-4.9%

COOPERS PLAINS

N/A

$404,000

-3.4%

N/A

WINDSOR

$425,000

-7.6%

$426,250

-5.3%

17.1%

COORPAROO

$388,000

-0.1%

$385,000

0.7%

3.5%

WISHART

N/A

$380,000

5.6%

7.0%

EAST BRISBANE

$425,000

-6.2%

$430,000

5.8%

-2.2%

WOOLLOONGABBA

N/A

$400,000

0.0%

-5.9%

EIGHT MILE PLAINS

$395,000

0.9%

$389,500

4.9%

5.3%

WOOLOOWIN

N/A

$361,250

-2.4%

-1.0%

ENOGGERA

N/A

$390,000

-6.0%

3.3%

WYNNUM

$377,000

3.3%

$370,000

1.4%

0.0%

EVERTON PARK

$389,000

-1.5%

$425,000

11.8%

17.4%

WYNNUM WEST

$327,000

N/A

$336,750

-9.8%

2.0%

FAIRFIELD ~ f

N/A

$432,000

26.1%

N/A

YEERONGPILLY

N/A

$422,000

N/A

-3.0%

FORTITUDE VALLEY *

$438,000

-10.6%

$480,000

14.8%

15.7%

YERONGA

$391,000

-1.0%

$445,500

9.9%

11.4%

GAYTHORNE

N/A

$440,000

7.3%

10.6%

ZILLMERE

$353,500

5.5%

$365,000

3.8%

2.8%

GORDON PARK

$409,000

N/A

$370,000

-1.6%

2.8%

GREENSLOPES

$345,000

4.9%

$359,000

-1.6%

-3.0%

HAMILTON

$492,000

-8.9%

$542,500

7.4%

19.0%

HAWTHORNE

N/A

$550,000

15.8%

27.2%

HIGHGATE HILL

$527,500

-5.8%

$510,000

-7.1%

21.9%

HOLLAND PARK WEST

N/A

$380,000

3.8%

N/A

INDOOROOPILLY

$417,500

-3.1%

$432,250

1.8%

-2.9%

KANGAROO POINT f

$486,000

-13.4%

$490,000

-3.5%

2.1%

KEDRON ~ * t

$355,750

-25.5%

$414,500

19.4%

21.9%

KELVIN GROVE *

$480,000

7.9%

$460,000

-6.1%

6.5%

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.

CALL US ON 1300 664 715

or visit agents.directconnect.com.au 8 QUEENSLAND MARKET MONITOR

BRISBANE MARKET UPDATES

RENTAL MARKET - 3 BED HOUSES (CONT’D)

SALES MARKET - VACANT LAND

POST NUMBER OF SALES

SUBURB

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

BRISBANE (LGA)

123

$335,000

-2.9%

$330,000

11.9%

17.9%

BRISBANE (LGA) ^

N/A

$675,000

-2.2%

38.0%

BRIDGEMAN DOWNS

N/A

$360,500

-2.3%

0.7%

BRIGHTON

N/A

$278,000

-0.7%

N/A

CARINDALE *

N/A

$480,000

N/A

FITZGIBBON * ~

$255,100

29.8%

$214,900

53.5%

-2.3%

HEATHWOOD

$268,000

N/A

$268,000

1.1%

12.6%

KURABY

N/A

$334,500

N/A

MOGGILL

N/A

$250,000

-5.7%

1.0%

RICHLANDS

N/A

$244,900

N/A

11.3%

ROCHEDALE *

N/A

$438,000

10.3%

N/A

UPPER KEDRON

N/A

$318,000

7.8%

1.0%

WYNNUM

N/A

$330,000

N/A

BRISBANE CITY LAND SALES (p) DEC 14 47 31 19

35 23

<$250,000

$250,000+

$350,000+

$500,000+

BRISBANE SURROUNDS LAND SALES (p) RENTAL MARKET - 3 BED HOUSES Includes IPSWICH, LOGAN, MORETON BAY & REDLAND POST CODE

DEC 14 LOCALITY 344

MAR-15 MAR 15

$/WEEK

339

MAR-14

NEW BONDS $/WEEK

NEW BONDS

BRISBANE CITY

$430

3126

$420

3234

BAYSIDE

$425

147

$400

139

4178

WYNNUM

$420

$400

4179

MANLY

$430

$415

CITY INNER

$550

4000

BRISBANE CITY

$600

4005

NEW FARM

4006

BOWEN HILLS

4064

PADDINGTON

$570

4066

TOOWONG

$515

4067

ST LUCIA

4101

WEST END

4102

WOOLOONGABBA

4169

EAST BRISBANE 73

$650

<$250,000

309 22

$425

SOUTH - INNER

$430

380

$420

384

4103

ANNERLEY

$465

$450

4104

YERONGA

$470

$450

4105

MOOROOKA

$410

$405

4120

GREENSLOPES

$450

4121

HOLLAND PARK

$430

4122

MANSFIELD

$400

153

$405

136

SOUTH - OUTER

$390

298

$380

300

4106

ROCKLEA

$360

$380

4107

SALISBURY

$380

$370

4108

COOPERS PLAINS

$400

$375

4109

MACGREGOR

$395

102

$390

4110

ACACIA RIDGE

$340

$345

4112

KURABY

$370

$360

4113

EIGHT MILE PLAINS

$395

$380

4115

ALGESTER

$390

$410

4116

CALAMVALE

$415

334 31

TOOWOOMBA LAND $400 SALES16(p)

$460

314

MAR 15

4151

COORPAROO 34

$455

4152

CAMP HILL

$450

113

$460

102

4170

CANNON HILL

$485

$480

4171

BALMORAL

$540

$560

4172

MURARRIE

$425

$430

SOUTH EAST - OUTER

$420

$400

$480

$420

4154

GUMDALE

4173

TINGALPA

4174

<$250,000 HEMANT

$250,000+ $420

2$430 $400

$350,000+ $400

139

$450

169

4068

CHELMER

$485

$480

4075

CORINDA

$430

$360

364

$445

4069

BROOKFIELD

4070

ANSTEAD 44

4073

DEC 14

$365

347

MAR 15 49 $465 $400

$385

SEVENTEEN MILE ROCKS

$425

$400

4074

JINDALEE

$400

4076

DARRA

$340

$330

4077

DOOLANDELLA

$320

4078

FOREST LAKE

2$360

107

1$355

103

BRISBANE CITY

$410

5725

$400

5408

$490

BAYSIDE

$350

$335

$500

4178

WYNNUM

$350

$580

4179

MANLY

$485

$500

$510

4000

$460

334

$470

382

$550

$500

$480

$470 $500

ASCOT

4010

ALBION

4011

CLAYFIELD

4012

NUNDAH

$440

4030

LUTWYCHE

$480

17 $500

MAR 15

55 57

$250,000+$450 $350,000+ 46

$500,000+

$420

$485

<$250,000

BUNDABERG LAND SALES 27 (p) $360

$270

$490

2368

$480

2284

BRISBANE CITY

$600

339

$580

399

4005

NEW FARM

$500

287

$500

299

4006

BOWEN HILLS

$495

387

$490

284

4064

PADDINGTON

$400

$410

4066

TOOWONG

$410

314

$400

281

4067

ST LUCIA

$430 0

259

0$440

295

4101

WEST END

$520

374

$510

340

<$250,000 GORDON PARK

4051

ALDERLEY

$465

$470

127

$500,000+53 $420

NORTH - OUTER

$395

397

$390

393

4102

<$250,000 WOOLOONGABBA

4169

EAST BRISBANE

4014

VIRGINIA

4017

BRACKEN RIDGE52

4018

FITZGIBBON

4032

CHERMSIDE

4034

ASPLEY

4036

BALD HILLS

$380

NORTH WEST - INNER

$550

153

$520

4059

KELVIN GROVE

$550

$530

4013

NORTHGATE

4060

ASHGROVE

$490

4014

VIRGINIA

4065

<$250,000 BARDON

$500,000+38 $500

4017

<$250,000 BRACKEN RIDGE

4007

ASCOT

$390

4010

ALBION

$400

107

4011

CLAYFIELD

$380

$390

4012

NUNDAH

$395

$400

4030

LUTWYCHE

133

$390

113

4031

$365

4051

26 $400

MAR 15

$250,000+$530 $350,000+ 42

131

MAR 15

$250,000+ $480

NORTH - INNER

NOOSA 16 LAND SALES NORTHGATESUNSHINE COAST & $380 $385 (p) $395

DEC 14

4013

DEC 14

<$2

CITY INNER

$350,000+ $460

251

$470

218

$370

1184

$360

1027

$420

175

$410

$385

$350

156

$360

173

$370

274

$370

200

$375

196

$350

166

GORDON PARK

$340

104

$340

ALDERLEY

$360

195

$350

202

NORTH - OUTER

$350

280

$350

266

$335 0

$295

$380

MAR 15

$250,000+ $300

N.A.

<$2

$350,000+ $295

NORTH WEST - OUTER

$430

262

$420

277

4018

FITZGIBBON

$335

$315

STAFFORD

$420

152

$420

177

4032

CHERMSIDE

$365

134

$360

111

4034

ASPLEY

$340

$360

(p) Preliminary. SeeHILLS explanatory notes for further information. Source: 4054 ARANA $430 68REIQ, data provided $410 by CoreLogic 59 RP Data.

$470

GLADSTONE LAND $420SALES (p) 198 DEC 14

$350,000+

RENTAL MARKET - 2 BED UNITS

$345

4031

$395

$250,000+

<$2

$460

SOUTH WEST - OUTER

SOUTH WEST - INNER

$430 SALES73(p) FRASER COAST LAND

ROC

$550

4007

4053

321

$510

DEC 14

$470

DEC 14

LAND PRICEPOINTS

$560

$460

$350,000+

GOLD COAST LAND SALES (p) $500 25

NORTH - INNER

THE GAP

$500

$550

4 $580

NEW BONDS

4061

$795

$250,000+

$530

MAR-14

NEW BONDS $/WEEK

LOCALITYL

SOUTH EAST - INNER

MAR 15 36

MAR-15 $/WEEK

CODE

MARCH QUARTER 2015

BRISBANE MARKET UPDATES

RENTAL MARKET - 2 BED UNITS (CONT’D) POST

RENTAL MARKET - 3 BED TOWNHOUSES

MAR-15

MAR-14

MAR-15

MAR-14

$/WEEK

NEW BONDS $/WEEK

NORTH WEST - INNER

$455

279

$435

224

BRISBANE CITY

$415

1896

$410

1859

4059

KELVIN GROVE

$500

202

$480

163

BAYSIDE

$400

$395

4060

ASHGROVE

$410

$380

4178

WYNNUM

$400

4065

BARDON

$330

$310

4179

MANLY

$410

$395

NORTH WEST - OUTER

$365

109

$380

CITY INNER

$580

$570

STAFFORD

$365

108

$380

4005

NEW FARM

$700

SOUTH - INNER

$360

514

$360

504

4006

BOWEN HILLS

$560

$520

4103

ANNERLEY

$350

128

$350

134

4064

PADDINGTON

$630

$600

4104

YERONGA

$350

4066

TOOWONG

$535

$520

4105

MOOROOKA

$370

$350

4067

ST LUCIA

$600

$570

4120

GREENSLOPES

$360

110

$360

122

4101

WEST END

$625

$660

4121

HOLLAND PARK

$340

$345

4169

EAST BRISBANE

$465

$570

4122

MANSFIELD

$395

105

$385

NORTH - INNER

$490

141

$490

139

SOUTH - OUTER

$315

$325

4007

ASCOT

$565

$580

4106

ROCKLEA

$295

$299

4011

CLAYFIELD

$600

$520

4109

MACGREGOR

$380

$400

4012

NUNDAH

$465

$450

4113

EIGHT MILE PLAINS

$395

N.A.

4030

LUTWYCHE

$500

$475

4115

ALGESTER

$285

N.A.

4031

GORDON PARK

$450

SOUTH EAST - INNER

$380

499

$375

440

4051

ALDERLEY

$485

$490

4151

COORPAROO

$360

200

$360

185

NORTH - OUTER

$395

232

$390

195

4152

CAMP HILL

$370

$360

4013

NORTHGATE

$410

4170

CANNON HILL

$400

122

$375

4017

BRACKEN RIDGE

$375

$365

4171

BALMORAL

$450

115

$425

109

4018

FITZGIBBON

$395

$360

SOUTH EAST - OUTER

$325

$320

4032

CHERMSIDE

$430

TINGALPA

$325

$320

4034

ASPLEY

$395

$390

SOUTH WEST - INNER

$390

349

$385

426

4036

BALD HILLS

$286

$360

4068

CHELMER

$390

298

$385

358

NORTH WEST - INNER

$550

$500

4075

CORINDA

$390

$365

4059

KELVIN GROVE

$550

$500

SOUTH WEST - OUTER

$330

$335

4060

ASHGROVE

$500

$490

4069

BROOKFIELD

$330

$395

NORTH WEST - OUTER

$430

$420

4078

FOREST LAKE

$340

4053

STAFFORD

$430

$420

4054

ARANA HILLS

$385

4061

THE GAP

$480

N.A.

SOUTH - INNER

$435

185

$450

179

4103

ANNERLEY

$500

4104

YERONGA

$450

$470

4105

MOOROOKA

$440

$450

4120

GREENSLOPES

$470

$510

4121

HOLLAND PARK

$425

$450

4122

MANSFIELD

$420

SOUTH - OUTER

$395

428

$390

458

4107

SALISBURY

$480

$485

4109

MACGREGOR

$410

4110

ACACIA RIDGE

$340

4112

KURABY

$375

4113

EIGHT MILE PLAINS

$410

150

$405

148

4115

ALGESTER

$375

$385

4116

CALAMVALE

$385

SOUTH EAST - INNER

$485

243

$480

259

4151

COORPAROO

$500

$475

4152

CAMP HILL

$450

117

$451

123

4170

CANNON HILL

$500

$495

4171

BALMORAL

$565

$610

4172

MURARRIE

$500

$485

SOUTH EAST - OUTER

$410

4153

BELMONT

$430

$435

4154

GUMDALE

$415

$410

4173

TINGALPA

$390

$385

SOUTH WEST - INNER

$465

107

$475

111

4068

CHELMER

$530

$525

4075

CORINDA

$400

$410

SOUTH WEST - OUTER

$365

222

$350

186

4073

SEVENTEEN MILE ROCKS

$420

$425

4074

JINDALEE

$440

$455

4076

DARRA

$375

4077

DOOLANDELLA

$355

120

$345

123

4078

FOREST LAKE

$350

$360

4053

4173

DID YOU KNOW?

NEW BONDS

POST

LOCALITYL

CODE

YOU CAN GET MEDIAN WEEKLY RENTS FOR OTHER PROPERTY TYPES ONLINE AT WWW.RTA.QLD.GOV.AU

The long-term trend in sales volumes however remains strong with activity up on the same time last year. 10 QUEENSLAND MARKET MONITOR

CODE

LOCALITYL

$/WEEK

NEW BONDS $/WEEK

N.A.

NEW BONDS

BRISBANE MARKET UPDATES

GREATER BRISBANE BRISBANE HOUSE MARKETS March Quarter 2015 Brisbane ↑Moreton Bay Redland Logan Ipswich

RISING

FALLING

Taking all market indicators into consideration, Moreton Bay appears to be leading the way with the greatest improvement in average days on market over the year, now rivalling that of Ipswich at 71 days. Moreton Bay also now has the lowest rate of average vendor discounting coupled with the strongest increase in its median house sale price compared to a year ago, up 3.9 per cent. UNIT MARKET

RECOVERING

STABILISING

Source: REIQ

Confidence in the state’s capital city residential market continues to strengthen with listing numbers up over the QUEENSLAND HOUSE MARKETS year to February and continued improvement in time on March Quarter 2015 market and the level to which vendors have to discount from their initial list price. ↑Toowoomba

RISINGBrisbane’sFALLING SD agents AccordingBrisbane to local relative affordability Cairns and rental ↑returns compared to Sydney and Melbourne is Gold Coast likelySunsine goingCoast to mean an increase in investor activity moving forward.

The unit and townhouse market continues to strengthen in the outer with the landscape Frasersuburbs Coast STABILISINGset to change in RECOVERING the face of new townhouse and low-rise unit developments. Investors are beingGladstone attracted to such properties given the Rockhampton Local agents strong rental returns Townsville they are achieving. Bundaberg Mackay Source: REIQ across the Greater Brisbane area say there are a good number of great buying opportunities for investors to have a positively geared investment, particularly with current interest rate levels. The 2014 Brisbane City Plan, which identifies key growth corridors and centres, has infrastructure such as public transport and road upgrades flagged as paramount to the future growth of the state’s capital city. HOUSE MARKET

Over the March quarter, sales activity across the Brisbane statistical division was down 5 per cent however this trend was not consistent across each of the council areas, with Ipswich bucking the trend with preliminary house sales numbers up 7 per cent compared to the December quarter. Ipswich agents say the region is well-positioned for strong capital growth in the coming years as the south-east property market strengthens further. With the region tipped to be the fastest growing region in SEQ, local agents are very optimistic about the coming years for their area. Over the March quarter, median house sale prices remained flat or eased somewhat on the back of an increase in buyer activity in the $350,000 to $500,000 price point. Over the year to March however all regions posted an increase in median house prices.

Unit markets across Greater Brisbane continue to strengthen, with sales activity up across all council areas over the quarter. Demand for this segment of the market is further evident in all areas except Redland, recording double digit growth in preliminary sales numbers over the year to March 2015. While the upper end of the market saw an increase in the $500,000-plus price point over the quarter, so too did the affordable end, seeing unit and townhouse sales in the sub-$250,000 bracket record the highest number of preliminary sales. This trend was strongest in Logan, which as a result saw its median unit sale price drop 5 per cent. Sales were up in the likes of suburbs such as Browns Plains where investors are getting healthy rental returns with the suburb well-placed in close proximity to Greenbank Military Camp, Logan Central and major arterial roads. Strengthening demand for townhouses was evident across a number of suburbs with Kallangur, Griffin and Petrie in Moreton Bay all recording an increase in activity. According to local agents in Redcliffe the new rail line is a major boost for the area and is reportedly 6 months ahead of schedule. RENTAL MARKET

Affordability continues to be king for the Greater Brisbane area, with vacancy levels holding steady across most regions. Ipswich, Logan and Moreton Bay all remained relatively unchanged since December, while a softening in demand was seen in Redland City. After spending all of 2014 at a vacancy level sub-two per cent, Redland City has returned to healthier levels of vacancy, while Moreton Bay holds the tightest vacancy rate with local agents reporting continued strong tenant demand. In Logan, vacancy rates held relatively steady at 2.1 per cent, however local agents say tenant enquiry levels are beginning to soften. Investor interest in the area is also said to be picking up, which indicates further easing in vacancy levels potentially to come. Meanwhile in Ipswich, local agents are also saying their rental markets are quietening down, coupled with investor activity in new residential estates.

MARCH QUARTER 2015

BRISBANE MARKET UPDATES

SALES MARKET - HOUSES SUBURB

NUMBER OF SALES

SALES MARKET - HOUSES (CONT’D) MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

SUBURB

NUMBER OF SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

BRISBANE (SD)

6097

$475,000

-1.5%

$475,000

4.4%

8.4%

SHAILER PARK

$467,500

-2.6%

$485,000

6.5%

4.3%

BRISBANE (SD) ^

452

$560,000

1.8%

$570,000

3.6%

1.8%

SLACKS CREEK

$297,000

-5.0%

$305,000

8.2%

3.4%

SPRINGWOOD

$470,000

10.6%

$440,500

5.9%

6.1%

IPSWICH (LGA)

561

$315,500

-1.4%

$310,025

2.7%

-3.1%

TANAH MERAH

$422,350

8.3%

$393,500

6.4%

-3.4%

IPSWICH (LGA) ^ ~

$469,100

-3.8%

$472,000

5.7%

-0.1%

UNDERWOOD

$482,500

-0.5%

$485,000

5.1%

13.8%

AUGUSTINE HEIGHTS

$499,000

-8.0%

$519,000

3.2%

-4.3%

WATERFORD

$392,000

3.0%

$360,000

1.3%

-10.0%

BELLBIRD PARK

$352,500

9.3%

$330,750

2.6%

0.2%

WATERFORD WEST

$295,000

-1.7%

$314,000

10.2%

-4.3%

BOOVAL

N/A

$256,944

-0.2%

-11.9%

WINDAROO

N/A

$435,000

8.8%

7.4%

BRASSALL

$309,500

-0.2%

$310,000

0.0%

-6.9%

WOODRIDGE

$261,500

-0.2%

$265,000

7.1%

-1.9%

BROOKWATER ~ *

N/A

$363,000

-4.5%

-14.6%

YARRABILBA

N/A

$377,068

2.8%

N/A 1.3%

BUNDAMBA

$267,000

-7.1%

$280,000

3.9%

0.4%

CAMIRA

$350,000

1.3%

$345,500

4.7%

-1.3%

MORETON BAY (LGA)

1195

$395,000

0.0%

$395,000

3.9%

CHURCHILL

N/A

$242,000

N/A

-4.6%

MORETON BAY (LGA) ^ ~

157

$560,000

-3.4%

$580,000

5.5%

1.8%

COLLINGWOOD PARK

$300,000

2.7%

$305,000

2.2%

-6.2%

ALBANY CREEK

$517,500

1.5%

$505,000

0.0%

3.5%

DEEBING HEIGHTS

$390,000

N/A

$390,000

N/A

ARANA HILLS

$477,000

-5.5%

$490,000

11.6%

12.6%

EAST IPSWICH

$270,000

0.2%

$263,000

10.3%

-4.9%

BANKSIA BEACH

$479,000

-3.7%

$490,000

12.6%

0.3%

EASTERN HEIGHTS

$277,500

-7.5%

$270,000

8.4%

-5.9%

BEACHMERE

$316,000

-5.7%

$320,000

12.3%

-11.1%

FLINDERS VIEW

$316,250

-10.7%

$330,000

-5.6%

-14.8%

BELLARA

$319,000

-4.8%

$336,500

8.5%

-1.9%

GOODNA

$290,000

1.8%

$286,000

4.0%

-4.7%

BELLMERE

$335,000

-1.8%

$335,000

6.3%

-8.5%

IPSWICH

$360,000

N/A

$297,000

-7.2%

-10.5%

BONGAREE

$422,500

11.2%

$380,500

-1.8%

-3.2%

KARALEE ^

$457,500

-9.4%

$510,000

1.0%

-5.4%

BRAY PARK

$380,000

0.3%

$375,000

7.1%

0.0%

LEICHHARDT

N/A

$218,500

4.0%

-12.6%

BUNYA ^

N/A

$750,000

N/A

NEWTOWN

N/A

$316,250

2.7%

-4.9%

BURPENGARY

$387,500

4.7%

$366,500

7.8%

-0.1%

NORTH BOOVAL

N/A

$235,000

2.2%

-18.0%

BURPENGARY ^

$536,250

-1.6%

$555,000

7.5%

6.5%

NORTH IPSWICH

$245,000

-7.0%

$258,750

12.5%

-9.2%

BURPENGARY EAST

N/A

$404,000

N/A

ONE MILE

$245,000

N/A

$237,500

8.0%

-2.5%

BURPENGARY EAST ^ ~

$569,000

14.8%

$525,000

4.2%

2.3%

RACEVIEW

$301,500

-3.4%

$305,000

6.6%

-4.7%

CABOOLTURE

$310,000

8.8%

$287,500

1.7%

-7.3%

REDBANK PLAINS

$308,000

-0.7%

$306,500

7.4%

-1.8%

CABOOLTURE ^

$495,000

N/A

$470,000

6.0%

1.0%

RIVERVIEW

N/A

$215,000

1.3%

-15.7%

CABOOLTURE SOUTH

$247,500

-1.2%

$267,971

3.1%

-9.2%

ROSEWOOD

N/A

$270,000

7.1%

3.8%

CASHMERE

N/A

$661,250

9.8%

22.5%

SILKSTONE

$244,000

-9.6%

$252,500

-4.7%

-8.2%

CLONTARF

$382,500

-0.6%

$382,500

7.4%

3.9%

SPRINGFIELD

$390,077

6.3%

$380,000

-1.3%

4.1%

DAKABIN

N/A

$425,750

6.8%

0.2%

SPRINGFIELD LAKES

$426,250

4.6%

$410,000

6.5%

3.0%

DAYBORO ^

N/A

$638,000

N/A

TIVOLI

N/A

$235,000

N/A

-13.6%

DECEPTION BAY

$320,000

1.6%

$312,000

9.5%

-4.0%

YAMANTO ~

$430,000

0.0%

$410,000

22.4%

15.5%

EATONS HILL

$544,000

0.2%

$553,000

5.3%

6.3%

ELIMBAH ^

N/A

$484,500

-3.6%

-3.1%

LOGAN (LGA)

743

$350,000

-1.1%

$349,000

1.7%

-1.7%

EVERTON HILLS

$509,000

2.8%

$495,000

5.1%

8.8%

LOGAN (LGA) ^

150

$510,000

2.0%

$510,000

2.0%

0.0%

FERNY HILLS

$460,500

0.7%

$466,000

3.1%

6.0%

BEENLEIGH

$321,100

3.6%

$301,500

5.8%

-8.6%

GRIFFIN

$428,500

-1.5%

$435,125

6.1%

7.0%

BETHANIA

$290,000

N/A

$293,500

3.9%

-8.3%

JOYNER

N/A

$530,000

5.0%

17.8%

BORONIA HEIGHTS

$313,000

-0.6%

$320,000

5.6%

0.0%

KALLANGUR

$345,000

4.5%

$345,000

4.5%

-2.8%

BROWNS PLAINS

$305,000

-4.7%

$300,000

-3.2%

-9.1%

KIPPA-RING

$360,000

0.0%

$370,000

4.2%

0.0%

CEDAR GROVE ^

N/A

$420,000

0.8%

-1.2%

LAWNTON

$378,000

10.5%

$352,000

8.3%

1.4%

CEDAR VALE ^

N/A

$430,000

-3.9%

1.2%

MANGO HILL

$454,500

-9.1%

$457,000

7.3%

0.5%

CORNUBIA ^

N/A

$695,000

N/A

MARGATE

$385,000

-11.5%

$386,000

5.8%

2.9%

CORNUBIA ~

$535,000

0.9%

$525,000

15.4%

11.7%

MORAYFIELD

$316,750

-0.3%

$316,000

5.3%

-5.7%

CRESTMEAD

$300,750

7.4%

$292,850

5.0%

-7.0%

MORAYFIELD ^

$549,250

-1.0%

$535,000

5.9%

-2.7%

DAISY HILL

$436,000

1.4%

$444,500

9.8%

12.0%

MURRUMBA DOWNS

$495,000

11.0%

$453,750

3.7%

3.1%

EAGLEBY

$270,000

11.1%

$263,000

6.3%

-9.3%

NARANGBA

$430,000

-7.0%

$425,000

2.3%

-3.4%

EDENS LANDING

$327,000

-11.6%

$344,000

0.5%

-5.8%

NARANGBA ^

N/A

$631,675

N/A

0.7%

FORESTDALE ^

N/A

$675,000

2.3%

11.3%

NEWPORT

$798,750

7.2%

$767,500

2.3%

-1.0%

GREENBANK ^

$507,500

-2.4%

$526,500

4.1%

-1.1%

NINGI ^

N/A

$495,000

4.2%

3.0%

HERITAGE PARK

$386,000

2.9%

$395,000

4.6%

-5.7%

NINGI ~

$360,250

31.0%

$368,500

8.4%

19.6%

HILLCREST

$335,000

1.1%

$322,500

0.8%

-3.7%

NORTH LAKES

101

$456,000

3.6%

$450,000

2.5%

1.4%

JIMBOOMBA

N/A

$363,000

-1.4%

-2.4%

PETRIE

$404,000

-2.7%

$391,000

8.5%

0.9%

JIMBOOMBA ^

$485,000

3.2%

$459,000

2.0%

-2.3%

REDCLIFFE

$391,000

4.3%

$382,000

4.4%

3.2% 1.6%

KINGSTON

$275,000

1.3%

$275,000

10.0%

-3.5%

ROTHWELL

$375,000

-5.5%

$391,000

8.6%

LOGAN CENTRAL

$278,000

3.0%

$270,000

8.0%

-3.2%

SAMFORD VALLEY ^

N/A

$885,000

9.3%

9.9%

LOGAN RESERVE

N/A

$339,000

N/A

SCARBOROUGH ~ f

$485,000

18.3%

$457,500

1.4%

2.8%

LOGAN VILLAGE ^

$507,500

N/A

$487,250

-4.0%

-6.3%

STRATHPINE

$340,000

-5.6%

$370,000

8.5%

5.7%

LOGANHOLME

$380,000

11.8%

$360,000

0.0%

-2.7%

UPPER CABOOLTURE

N/A

$325,000

2.7%

-6.0%

LOGANLEA

$320,000

-3.8%

$315,000

11.1%

0.0%

WAMURAN ^

N/A

$523,000

13.7%

1.9%

MARSDEN

$330,000

-0.9%

$320,000

4.4%

-0.5%

WARNER

$505,000

5.2%

$480,000

4.3%

MEADOWBROOK

N/A

$377,500

7.9%

-3.7%

WARNER ^

N/A

$748,000

N/A

MOUNT WARREN PARK

$352,000

9.3%

$345,500

1.6%

-4.4%

WOODY POINT

$386,250

-4.9%

$406,000

5.5%

5.7%

WOORIM

N/A

$412,500

-0.2%

-6.5%

MUNRUBEN ^

N/A

$494,250

1.9%

-5.0%

NEW BEITH ^

$500,000

N/A

$546,000

0.2%

3.1%

REGENTS PARK

$346,250

-1.1%

$359,500

1.8%

-1.2%

ROCHEDALE SOUTH

$434,900

-4.4%

$440,000

3.5%

6.0%

12 QUEENSLAND MARKET MONITOR

BRISBANE MARKET UPDATES

SALES MARKET - HOUSES (CONT’D) MEDIAN SALE

SALES MARKET - UNITS & TOWNHOUSES (CONT’D) ANNUAL MEDIAN SALE

QTRLY CHANGE

1YR 5YR CHANGE CHANGE

NUMBER OF SALES

REDLAND (LGA)

507

$472,500

-1.4%

$474,000

3.3%

3.0%

LOGAN (LGA) ~ *

248

$228,000

-5.0%

$245,000

-2.0%

-11.9%

REDLAND (LGA) ^

$827,500

-0.7%

$825,000

3.8%

3.1%

BEENLEIGH *

$186,500

1.1%

$186,000

9.4%

-22.5%

SUBURB

MEDIAN SALE

ANNUAL MEDIAN SALE

SUBURB

QTRLY CHANGE

1YR 5YR CHANGE CHANGE

ALEXANDRA HILLS

$420,000

4.0%

$410,000

2.5%

1.1%

BROWNS PLAINS t

N/A

$340,900

0.3%

23.5%

BIRKDALE

$490,000

5.4%

$486,250

3.5%

4.6%

DAISY HILL

N/A

$280,000

N/A

-6.7%

CAPALABA

$430,000

-2.3%

$439,000

6.4%

7.2%

EAGLEBY ~

N/A

$213,500

-20.3%

-31.8%

CAPALABA ^

N/A

$830,000

0.0%

EDENS LANDING

N/A

$207,500

N/A

-19.1%

CLEVELAND

$530,000

0.0%

$520,000

1.0%

2.4%

HILLCREST

N/A

$225,000

N/A

-1.3%

MACLEAY ISLAND ~

$178,500

70.8%

$200,000

7.0%

-14.9%

KINGSTON * t

N/A

$282,500

N/A

-5.8%

MOUNT COTTON

$473,000

-1.5%

$475,000

4.1%

3.5%

LOGAN CENTRAL

N/A

$181,000

9.7%

-7.2%

ORMISTON ~ f

$488,000

-28.1%

$577,500

1.3%

-5.7%

MARSDEN

$320,000

-4.8%

$331,000

0.6%

-6.8%

REDLAND BAY ~

$555,000

14.4%

$522,000

8.8%

7.6%

MEADOWBROOK

N/A

$265,000

N/A

-19.7%

RUSSELL ISLAND ~

$165,000

-5.7%

$170,000

-10.5%

-28.6%

MOUNT WARREN PARK

N/A

$210,000

N/A

-16.0%

THORNESIDE ~

$455,000

-7.1%

$470,000

20.5%

7.6%

ROCHEDALE SOUTH

$283,000

-1.6%

$275,000

4.2%

-5.2%

THORNLANDS

$540,000

2.1%

$508,500

-1.3%

-4.7%

SHAILER PARK

N/A

$262,500

-0.6%

-8.7%

THORNLANDS ^

N/A

$848,250

N/A

-2.3%

SLACKS CREEK

$220,000

5.8%

$210,000

11.4%

-12.5%

VICTORIA POINT

$485,000

-2.4%

$480,000

3.3%

2.8%

SPRINGWOOD

$281,250

-3.0%

$276,100

10.7%

-2.4%

WELLINGTON POINT

$550,000

-8.6%

$554,000

6.9%

4.5%

SURROUNDS LOCKYER VALLEY (LGA)

$241,000

-0.8%

$245,550

2.3%

UNDERWOOD

N/A

$382,500

-4.1%

22.2%

WATERFORD WEST

N/A

$195,000

5.4%

-14.8%

WOODRIDGE t

$189,500

2.4%

$186,750

6.7%

-12.1%

-8.7%

LOCKYER VALLEY (LGA) ^ ~

$387,500

9.2%

$352,000

8.0%

3.5%

MORETON BAY (LGA)

334

$305,000

-0.8%

$330,000

4.4%

-1.6%

GATTON

$237,500

-10.0%

$259,000

3.6%

-10.1%

BELLARA ~

N/A

$197,500

-26.9%

-35.2%

KENSINGTON GROVE ^

N/A

$365,000

N/A

-1.4%

BONGAREE

$282,500

-1.7%

$297,000

3.5%

-8.6%

LAIDLEY ~

$241,000

14.9%

$235,000

10.6%

-3.9%

BRENDALE * t

$265,000

1.9%

$300,000

17.6%

5.1%

LAIDLEY HEIGHTS ^

N/A

$302,000

N/A

-2.6%

BURPENGARY

N/A

$263,750

N/A

-12.1%

PLAINLAND ^

N/A

$350,500

9.5%

CABOOLTURE *

N/A

$255,000

12.3%

-12.1%

REGENCY DOWNS ^

N/A

$300,000

2.7%

-10.1%

CLONTARF ~ f

$313,000

-25.5%

$417,500

-0.6%

19.3%

WITHCOTT ^

N/A

$378,500

4.4%

N/A

DECEPTION BAY

$224,750

-2.3%

$230,000

4.5%

-13.2%

GRIFFIN * t

N/A

$354,500

0.6%

N/A

SCENIC RIM (LGA)

$380,000

3.8%

$360,000

3.2%

1.1%

KALLANGUR * t

$300,500

-2.2%

$331,000

15.4%

-1.2%

SCENIC RIM (LGA) ^

$492,000

-2.6%

$499,000

8.5%

5.1%

KIPPA-RING

N/A

$272,750

7.0%

-19.3%

BEAUDESERT

$313,000

0.0%

$330,000

6.5%

LAWNTON ~ *

N/A

$251,000

20.1%

-20.4%

BOONAH

N/A

$255,000

-8.9%

-6.4%

MANGO HILL

$365,000

N/A

$365,000

7.4%

1.5%

TAMBORINE ^

$528,500

N/A

$535,000

7.5%

-1.8%

MARGATE ~ f *

$330,000

N/A

$362,500

16.9%

-8.2%

TAMBORINE MOUNTAIN

$453,500

3.1%

$440,000

9.2%

0.0%

MORAYFIELD ~ t

N/A

$222,000

-22.8%

-3.5%

TAMBORINE MOUNTAIN ^

N/A

$664,500

11.2%

-11.6%

MURRUMBA DOWNS

$318,000

N/A

$340,000

-2.6%

-2.3%

NORTH LAKES

N/A

$359,000

0.0%

N/A

SOMERSET (LGA) ~

$227,000

-8.3%

$247,000

-5.0%

-8.5%

PETRIE * t

N/A

$336,000

N/A

SOMERSET (LGA) ^

$380,000

0.0%

$382,500

12.0%

4.8%

REDCLIFFE ~

$391,250

13.4%

$350,000

6.1%

-10.3%

FERNVALE

N/A

$347,500

N/A

4.5%

SCARBOROUGH

$386,750

3.1%

$378,250

-0.9%

-13.0%

FERNVALE ^

N/A

$395,000

-0.4%

N/A

WOODY POINT

KILCOY

N/A

$230,000

N/A

-16.4%

WOORIM

LOWOOD

N/A

$239,500

-10.3%

-1.7% REDLAND (LGA) * t

BRISBANE CITY HOUSE SALES (p) SALES MARKET - UNITS & TOWNHOUSES BRISBANE (SD)

2531

IPSWICH (LGA) * t

BRASSALL

BUNDAMBA * t

GOODNA * t

$393,000

$261,250

788

130

DEC 14

MAR 15 2.1%

1,922

3.2%

5.2%

20.4%

9.3%

1,840

8.9%

$295,000

$172,500

N/A

$263,000

4.4%

-3.1%

N/A 753

N/A

$299,900

N/A

$310,000

42.5%

332

129

247

31.9%

$350,000+

$500,000+

$1m+

CAPALABA ~ CLEVELAND ~ 271 ORMISTON

1,079

1,234

VICTORIA POINT

N/A

$356,000

8.8%

2.5%

N/A

0.0%

DEC 14MAR 15 MAR 17 DEC 14 $317,500 12.0% 15 $316,250

12.9%

3.7%

12.0%

2.8%

$432,000

12.2%

$420,000 $367,000

6.5%

5.6%

N/A

$297,500

-4.7%

-1.8%

$415,000

N/A

13 $422,500 310 342

N/A

427 468 87$391,250

200

811 N/A 196

770 $342,500 N/A

$365,000

N/A

10.6%

N/A

5.7%

<$350,000

$350,000+

$500,000+

<$250,000 $250,000+ $350,000+ $500,000+

202

225

227

256

$1m+

DEC 14 DEC 14MAR 15 MAR 15

239

237 137

540

$500,000+

GOLD COAST HOUSE SALES (p) DEC 14

$377,500

FRASER COAST HOUSE SALES BRISBANE SURROUNDS UNIT(p)SALES (p)

1,276

$350,000+

-26.5% N/A

INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND

60 22

<$350,000

-2.3% N/A

WELLINGTON POINT

MAR 15

571

$317,500 $349,000

INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND

1,078

239

THORNESIDE

BRISBANE SURROUNDS HOUSE SALES (p) DEC 14

N/A

<$350,000

N/A

120 $389,000 15.1% BRISBANE CITY UNIT SALES (p) TOOWOOMBA HOUSE SALES (p)$369,000

BIRKDALE * t

$392,000

HOUSE PRICEPOINTS

MAR 15

100 70

86 46

$1m+

<$350,000 <$250,000

13 3

$350,000+ $500,000+ $1m+ $250,000+ $350,000+ $500,000+

BUNDABERG HOUSE SALES (p) (p) GOLD COAST UNIT SALES DEC 14 15 15 DEC 14MAR MAR

MARCH QUARTER 2015

BRISBANE MARKET UPDATES

SALES MARKET - VACANT LAND NUMBER OF SALES

SUBURB

MEDIAN SALE

SALES MARKET - VACANT LAND (CONT’D) QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

NUMBER OF SALES

SUBURB

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

BRISBANE (SD)

576

$217,000

0.5%

$218,000

3.9%

1.9%

REDLAND (LGA) *

125

$38,000

8.6%

$247,000

BRISBANE (SD) ^

$290,000

-3.3%

$272,000

4.6%

0.9%

REDLAND (LGA) ^

N/A

182.3% -1.0% N/A

N/A

BIRKDALE

N/A

$309,000

N/A

4.7%

IPSWICH (LGA)

$178,000

1.5%

$176,000

3.6%

0.6%

CLEVELAND

N/A

$305,000

N/A

1.7%

IPSWICH (LGA) ^

N/A

$240,000

0.2%

0.0%

MACLEAY ISLAND ~ f

$36,800

22.7%

$32,500

26.2%

-40.9%

AUGUSTINE HEIGHTS

N/A

$219,000

9.5%

-2.7%

MOUNT COTTON *

$265,000

N/A

$265,000

6.0%

7.3%

BELLBIRD PARK

N/A

$198,000

7.0%

-7.9%

REDLAND BAY

N/A

$279,000

5.8%

3.3%

BRASSALL

$185,000

0.0%

$185,000

5.7%

3.2%

RUSSELL ISLAND ~ f

$18,000

-5.3%

$18,500

-7.5%

-53.8%

BUNDAMBA

N/A

$169,950

11.1%

1.8%

THORNLANDS

$297,500

N/A

$291,000

3.9%

16.6%

-16.0%

DEEBING HEIGHTS

N/A

$164,950

10.0%

N/A

LEICHHARDT

N/A

$168,750

16.4%

N/A

SURROUNDS

RACEVIEW

N/A

$172,000

1.8%

8.9%

LOCKYER VALLEY (LGA)

N/A

$100,000

1.0%

REDBANK PLAINS *

N/A

$154,000

10.0%

-10.5%

LOCKYER VALLEY (LGA) ^

$141,000

N/A

$136,500

13.8%

1.9%

RIPLEY *

$167,000

N/A

$173,000

N/A

LAIDLEY NORTH

N/A

$100,000

0.0%

-13.0%

KENSINGTON GROVE ^

N/A

$148,250

N/A

4.6%

SCENIC RIM (LGA)

N/A

$179,000

0.5%

-2.5%

SCENIC RIM (LGA) ^ ~

N/A

$263,750

21.8%

50.7%

GLENEAGLE

N/A

$179,000

N/A

2.3%

SOUTH RIPLEY

$175,000

N/A

$179,900

N/A

SPRINGFIELD LAKES

N/A

$199,000

13.7%

17.8%

KARALEE ^

N/A

$265,000

3.9%

2.3%

LOGAN (LGA) *

112

$210,000

6.3%

$184,000

2.2%

-11.5%

LOGAN (LGA) ^

$291,500

2.3%

$260,000

5.1%

10.6%

CORNUBIA

N/A

$355,000

N/A

SOMERSET (LGA)

N/A

$141,000

4.4%

8.5%

HOLMVIEW

N/A

$179,900

-0.6%

-14.7%

FERNVALE

N/A

$146,625

3.3%

8.6%

JIMBOOMBA

N/A

$177,000

1.1%

-3.3%

LOGAN RESERVE *

$160,975

N/A

$158,000

1.3%

N/A

RENTAL MARKET - 3 BED HOUSES

LOGAN VILLAGE

N/A

$249,000

N/A

POST

LOGANLEA *

$205,000

7.9%

$190,000

N/A

-2.1%

CODE

MARSDEN

N/A

$185,000

2.8%

-4.1%

REGENTS PARK

N/A

$239,000

6.2%

N/A

UNDERWOOD

N/A

$376,000

1.1%

WATERFORD

N/A

$175,000

YARRABILBA *

$165,500

0.6%

BUCCAN ^

N/A

JIMBOOMBA ^ *

N/A

MAR-15 $/WEEK

LOCALITYL

MAR-14

NEW BONDS $/WEEK

NEW BONDS

IPSWICH CITY

$300

797

$300

773

4300

AUGUSTINE HEIGHTS

$350

202

$335

196

12.2%

4301

COLLINGWOOD PARK

$310

109

-2.2%

-1.1%

4303

DINMORE

$275

$270

$157,500

8.6%

N/A

4304

BLACKSTONE

$285

103

$285

N/A

$290,000

N/A

4305

BASIN POCKET

$290

285

$280

287

N/A

$239,000

16.9%

17.7%

4306

AMBERLEY

$290

$300

4340

ASHWELL

$290

$285

LOGAN CITY

$347

857

$330

903

MORETON BAY (LGA) *

142

$214,800

-3.9%

$220,000

4.9%

8.4%

MORETON BAY (LGA) ^ ~

$340,000

13.3%

$281,250

5.7%

-6.8%

4114

KINGSTON

$320

147

$315

163

BANKSIA BEACH * f

N/A

$410,000

-5.7%

-14.1%

4118

BROWNS PLAINS

$345

$340

BURPENGARY *

$197,400

N/A

$215,000

2.4%

N/A

4119

UNDERWOOD

$365

$385

CABOOLTURE

$185,000

5.9%

$179,000

-0.6%

-6.8%

4123

PRIESTS GULLY

$395

$380

DAKABIN

N/A

$212,000

7.5%

-0.2%

4124

BORONIA HEIGHTS

$340

$330

GRIFFIN

$229,200

1.9%

$219,750

4.6%

6.2%

4125

MUNRUBEN

$400

$425

MANGO HILL *

N/A

$230,000

2.2%

2.3%

4127

CHATSWOOD HILLS

$350

MORAYFIELD

N/A

$177,000

2.9%

-6.8%

4128

KIMBERLEY PARK

$385

$380

NARANGBA

$208,630

N/A

$205,638

2.9%

-10.9%

4129

LOGANDALE

$360

$350

N/A

-16.0%

4130

CARBROOK

$355

$243,930

9.6%

21.5%

4131

LOGANLEA

$233,000

3.6%

1.3%

4132

CRESTMEAD 34

$255,000

-1.9%

N/A

4133

BRISBANE CITY (p) 4 N/A LAND SALES N/A $191,400

NINGI NORTH LAKES *

WARNER *

CABOOLTURE ^

$275,000

DEC 14 MAR 15 -0.4% 47 $229,900 N/A

31 19

10.5%

N/A

$380 85 LAND PRICEPOINTS

TOOWOOMBA LAND SALES (p) $395 12 $350 MAR 15

$330

$340

$325

CHAMBERS FLAT 27

$360

4205

BETHANIA

$330

$310

4207

ALBERTON

$330

167

$330

186

4280

JIMBOOMBA

$390

$360

1043

$330

1042

$350

DEC 14

MORETON BAY REGIONAL

<$250,000

$250,000+

$350,000+

$500,000+

BRISBANE SURROUNDS LAND SALES (p) Includes IPSWICH, LOGAN, MORETON BAY & REDLAND

DEC 14 344

MAR 15

339

81 19

$250,000+

$350,000+

GOLD COAST LAND SALES (p)

14 QUEENSLAND MARKET MONITOR

CLONTARF

4020

NEWPORT

DEC 14

MAR 15

$500,000+

$360

<$250,000 KIPPA-RING

4022

ROTHWELL

$345

$350

4035

ALBANY CREEK

$420

$400

N.A.

4037

EATONS HILLFRASER

4055

BUNYA

4500

BRAY PARK50

$250,000+ $350

4021

$350,000+ $340

COAST LAND $440SALES 7(p)

$450

$430

$370

$350

44 LAWNTON

$350

$330

4502

FRENCHS FOREST

$340

$330

4503

DAKABIN

$350

105

$350

4504

NARANGBA

$360

$330

4505

BURPENGARY

$340

4506

MOORINA

4507

BANKSIA BEACH

4501

59 <$250,000

4019

4$350

DEC 14

4508

<$250,000 DECEPTION BAY

4509

MANGO HILL

MAR 15

2$300

$335

1$290

59 42

$340

$330

$380

$375

$250,000+ $310

91$350,000+ $305

BUNDABERG LAND SALES (p) DEC 14

MAR 15

106 74

ROC

<$25

BRISBANE MARKET UPDATES

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

RENTAL MARKET - 3 BED TOWNHOUSES

MAR-15

MAR-14

CODE

LOCALITYL

$/WEEK

NEW BONDS $/WEEK

NEW BONDS

4510

BALINGOOL

$295

167

$290

176

4511

GODWIN BEACH

$345

$305

4514

BELLTHORPE

$325

$310

4520

ARMSTRONG CREEK

$450

4521

CAMPBELLS POCKET

$385

REDLAND CITY 4157

POST CODE

MAR-15 $/WEEK

LOCALITYL

MAR-14

NEW BONDS $/WEEK

NEW BONDS

IPSWICH CITY

$315

113

$310

134

4300

AUGUSTINE HEIGHTS

$340

$330

4301

COLLINGWOOD PARK

$310

$440

4304

BLACKSTONE

$310

$305

$350

4305

BASIN POCKET

$300

$305

$390

303

$380

340

LOGAN CITY

$330

444

$330

455

CAPALABA

$390

$380

4114

KINGSTON

$315

$320

4158

THORNESIDE

$395

$375

4118

BROWNS PLAINS

$350

$340

4159

AQUATIC PARADISE

$400

$390

4119

UNDERWOOD

$410

$380

4160

EROBIN

$385

$400

4123

PRIESTS GULLY

$365

$350

4161

ALEXANDRA HILLS

$395

$390

4127

CHATSWOOD HILLS

$325

$320

4163

CLEVELAND

$400

$390

4128

KIMBERLEY PARK

$340

$350

4164

PINKLANDS

$420

$370

4130

CARBROOK

$365

$370

4165

MOUNT COTTON

$400

4131

LOGANLEA

$340

$350

4183

AMITY

$330

N.A.

4132

CRESTMEAD

$340

4184

COOCHIEMUDLO ISLAND

$250

$235

4133

CHAMBERS FLAT

$325

$315

LOCKYER VALLEY REGIONAL

$280

132

4205

BETHANIA

$340

N.A.

4341

BLENHEIM

$275

$270

4207

ALBERTON

$320

121

4343

ADARE

$290

MORETON BAY REGIONAL

$340

618

$330

605

4344

CARPENDALE

$270

$250

4019

CLONTARF

$350

$340

SOMERSET REGIONAL

$270

$260

4020

NEWPORT

$350

$335

4311

ATKINSONS DAM

$280

$270

4021

KIPPA-RING

$325

$335

4312

BRYDEN

$260

$220

4035

ALBANY CREEK

$380

4313

BIARRA

$240

$230

4500

BRAY PARK

$350

$340

4515

GLENFERN

$310

$290

4501

LAWNTON

$335

$300

4502

FRENCHS FOREST

$345

$320

4503

DAKABIN

$340

197

$340

183

4504

NARANGBA

$350

$340

RENTAL MARKET - 2 BED UNITS IPSWICH CITY

$260

166

$248

155

4505

BURPENGARY

$310

$295

4300

AUGUSTINE HEIGHTS

$260

$255

4506

MOORINA

$300

$310

4301

COLLINGWOOD PARK

$275

$260

4507

BANKSIA BEACH

$300

N.A.

4304

BLACKSTONE

$255

$240

4508

DECEPTION BAY

$310

$300

4305

BASIN POCKET

$255

$240

4509

MANGO HILL

$355

$345

111

LOGAN CITY

$270

218

$260

167

4510

BALINGOOL

$300

$290

4114

KINGSTON

$270

$250

REDLAND CITY

$395

114

$385

114

4123

PRIESTS GULLY

$300

N.A.

4157

CAPALABA

$365

$370

4127

CHATSWOOD HILLS

$300

$310

4158

THORNESIDE

$380

$385

4128

KIMBERLEY PARK

$290

4159

AQUATIC PARADISE

$420

$415

4133

CHAMBERS FLAT

$295

$239

4160

EROBIN

$385

4207

ALBERTON

$260

4163

CLEVELAND

$420

$400

4280

JIMBOOMBA

$290

$265

4165

MOUNT COTTON

$390

MORETON BAY REGIONAL

$280

431

$280

460

4019

CLONTARF

$285

$280

4020

NEWPORT

$305

$310

4500

BRAY PARK

$300

$290

4501

LAWNTON

$290

$280

4502

FRENCHS FOREST

$280

N.A.

4503

DAKABIN

$280

4505

BURPENGARY

$290

$285

4506

MOORINA

$265

4507

BANKSIA BEACH

$265

$285

4508

DECEPTION BAY

$270

$260

4509

MANGO HILL

$320

$300

4510

BALINGOOL

$260

$255

REDLAND CITY

$325

$320

4157

CAPALABA

$180

$320

4160

EROBIN

$325

$300

4163

CLEVELAND

$350

LOCKYER VALLEY REGIONAL

$230

$240

ADARE

$235

$240

4343

Confidence in the state’s capital city residential market continues to strengthen

MARCH QUARTER 2015

571

REGIONAL MARKET UPDATES

GOLD COAST The residential property market and local economy on the Gold Coast continue to record solid results with local agents saying the city is steadily improving with the tourism and construction industries rebounding strongly. According to local agents, the house market results for the March quarter are typical of the time of year, with similar steadying sales activity recorded over the March quarter last year. They also pre-empt the June quarter will similarly follow the trend seen last year, with the cooler season seeing buyer demand drop off. The construction industry is providing much needed jobs with both residential and infrastructure projects underway. The billion-dollar high rise development “Jewel” in Surfers Paradise is reportedly underway with excavation works underway. The sand dug up from the site, 113,000 cubic metres worth, is set to be donated to help with erosion on Surfers Paradise beach. Tourism is also back on track providing further employment opportunities for local residents. Despite the improving conditions, local agents say interstate investor activity hasn’t picked up as much as many had anticipated it would have by now. HOUSE MARKET

Over the March quarter this year, preliminary house sales numbers were relatively unchanged compared to the December quarter, but annual sales numbers were up 9 per cent. While sales activity remained unchanged there was a shift in price point activity with a lift in sales in the $500,000 to one million price range. As a result the Gold Coast median house price recorded a healthy 2.2 per cent increase over the quarter. Evidence that the region is well on its way to better times is an increase of 6.4 per cent in its annual median compared to a year ago. Indicative of solid and steady results are stable average days on market which have improved by just 7 days over the year to February, while average vendor discounting now sits at 6 per cent, down from 6.3 per cent a year ago.

16 QUEENSLAND MARKET MONITOR

540 22

<$350,000

$350,000+

$500,000+

$1m+

GOLD COAST HOUSE SALES (p) DEC 14 541

532

MAR 15 629

667

117

<$350,000

$350,000+

$500,000+

119

$1m+

SUNSHINE COAST & NOOSA HOUSE SALES (p) UNIT MARKET DEC 14

MAR 15

Unlike the house market, the Gold Coast’s unit and 459 443 445 townhouse market saw a rise in426 preliminary sales numbers, up 24 per cent over the March quarter. Local agents however say the unit market still remains a quieter than the house market, and the lift in sales activity 88 55 stock. 46 is likely a few62 developments off-loading developer Suburbs along the beach front saw the strongest sales <$350,000 $500,000+ $1m+ activity with Surfers $350,000+ Paradise, Labrador and Palm Beach topping the list for the quarter.

(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by CoreLogic RP Data.

Signs that the unit market is not too far behind the house market on the Gold Coast is the improvement in average days on market and average vendor discounting rates. Over the year to February 2015, unit listings took 10 days fewer to sell while vendors have saved a full 1 percentage point in their discounting rates compared to a year ago. RENTAL MARKET

The Gold Coast however, buoyed by improving local employment conditions, saw its vacancy rate drop further, down 0.8 percentage points since December, making the region the tightest rental market of all major regions. With a vacancy of just 1.3 per cent, this is the lowest the Gold Coast has recorded in seven years and is a strong indicator that the other sectors of the economy are strengthening. According to local agents, mid-range properties typically targeted by families are moving faster than upper-end executive style properties.

REGIONAL MARKET UPDATES

SALES MARKET - HOUSES SUBURB

NUMBER OF SALES

SALES MARKET - UNITS & TOWNHOUSES MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

SUBURB

NUMBER OF SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

GOLD COAST (LGA)

1416

$531,500

2.2%

$515,800

6.4%

3.4%

GOLD COAST (LGA)

1841

$355,000

1.4%

$359,000

2.6%

-3.0%

GOLD COAST (LGA) ^ ~

136

$670,000

-4.6%

$681,250

3.2%

-0.5%

ARUNDEL

$315,000

-7.4%

$310,000

1.6%

-3.5%

ARUNDEL

$482,500

-13.1%

$489,000

6.3%

3.2%

ASHMORE ~

$322,500

17.7%

$283,500

8.0%

-8.7%

ASHMORE

$488,000

-6.2%

$490,000

7.7%

3.2%

BIGGERA WATERS ~ f

$308,125

12.7%

$330,000

-14.1%

-13.2%

BENOWA

$750,000

-4.5%

$750,500

9.0%

5.0%

BROADBEACH

107

$420,000

-2.3%

$430,000

7.2%

-9.0%

BIGGERA WATERS

$691,250

-0.5%

$585,000

4.9%

3.5%

BROADBEACH WATERS

$472,500

N/A

$375,000

-2.8%

-18.2%

BONOGIN ^

$632,500

5.4%

$635,000

11.4%

-2.3%

BUNDALL

N/A

$343,215

-3.3%

-0.5%

BROADBEACH WATERS

$825,000

3.1%

$841,000

5.1%

-1.6%

BURLEIGH HEADS

$410,000

3.5%

$400,000

8.1%

-1.2%

BUNDALL

$750,000

0.1%

$765,000

1.2%

-11.6%

BURLEIGH WATERS

$364,500

-1.5%

$349,500

5.9%

-2.9%

BURLEIGH HEADS ~

$655,000

17.5%

$626,000

7.0%

8.3%

CARRARA

$399,900

-7.2%

$414,950

10.7%

-0.4%

BURLEIGH WATERS

$606,500

4.7%

$605,000

7.7%

7.1%

CLEAR ISLAND WATERS

N/A

$422,500

-4.9%

-5.3%

CARRARA

$450,000

2.9%

$461,000

5.0%

2.8%

COOLANGATTA

$420,000

5.3%

$405,000

8.0%

-15.6%

CLEAR ISLAND WATERS

$800,000

-13.9%

$850,000

6.1%

-3.4%

COOMBABAH

$330,000

1.5%

$327,500

9.5%

-3.2%

COOMBABAH

$443,750

3.2%

$429,000

10.0%

-0.2%

CURRUMBIN ~ t

$395,000

-32.8%

$418,000

10.0%

-0.5%

COOMERA ~ f

$501,250

6.2%

$415,000

-9.8%

2.3%

CURRUMBIN WATERS

$365,000

12.7%

$320,500

6.8%

-8.4%

CURRUMBIN ~ f

N/A

$921,000

44.5%

57.3%

ELANORA

$295,000

3.5%

$303,500

3.6%

-7.5%

CURRUMBIN WATERS

$533,500

-0.7%

$516,000

2.7%

4.8%

HIGHLAND PARK

N/A

$255,000

-7.6%

-7.9%

ELANORA

$545,000

4.3%

$529,000

8.0%

3.7%

HOLLYWELL

N/A

$635,000

N/A

-27.8%

GILSTON

N/A

$481,500

N/A

LABRADOR * f

104

$325,000

4.0%

$335,000

8.1%

4.7%

HELENSVALE

$533,500

5.6%

$530,000

9.3%

7.1%

MAIN BEACH

$530,000

-7.6%

$535,000

-8.5%

-16.5%

HIGHLAND PARK

$414,000

-0.2%

$414,500

-2.5%

-1.1%

MERMAID BEACH

$362,500

-4.6%

$380,000

13.9%

2.7%

HOLLYWELL ~

$702,000

27.1%

$610,000

13.0%

5.8%

MERMAID WATERS

$321,250

9.6%

$316,000

8.2%

-5.1%

HOPE ISLAND ~ f

$762,500

33.4%

$735,000

-5.2%

39.3%

MERRIMAC ~ f

$337,250

24.9%

$310,000

-17.9%

-15.3%

JACOBS WELL

N/A

$405,000

14.1%

-1.9%

MIAMI

$340,000

-6.8%

$370,000

8.8%

-5.1%

LABRADOR

$429,000

-2.4%

$438,500

8.0%

2.1%

MUDGEERABA

$337,500

1.5%

$337,000

5.0%

-1.5%

MAUDSLAND

$445,000

N/A

$462,000

3.8%

6.2%

NERANG

$285,000

1.4%

$279,000

3.3%

-3.8%

MERMAID BEACH ~ f

$1,085,000

21.9%

$965,500

10.3%

-21.8%

ORMEAU

N/A

$342,500

13.2%

-3.1%

MERMAID WATERS

$710,000

-2.1%

$689,500

9.4%

6.1%

OXENFORD

$263,250

-3.2%

$290,000

9.4%

0.0%

MERRIMAC

$485,000

9.0%

$446,250

9.5%

7.7%

PACIFIC PINES

$345,000

3.8%

$355,000

-2.7%

-5.8%

MIAMI

$599,000

-1.4%

$592,500

13.9%

8.7%

PALM BEACH f

$316,500

-10.2%

$339,500

0.6%

-7.0%

MOLENDINAR

$493,000

-12.7%

$515,000

7.5%

2.6%

PARADISE POINT ~ f

$550,000

59.4%

$520,000

-3.7%

0.0%

MUDGEERABA

$500,000

0.0%

$495,000

6.5%

4.4%

PARKWOOD

N/A

$295,000

N/A

-11.9%

MUDGEERABA ^

N/A

$632,500

-0.4%

-3.1%

PIMPAMA

$340,000

1.5%

$347,000

-4.0%

-0.9%

NERANG

$380,000

-1.3%

$380,000

5.6%

-0.5%

REEDY CREEK

$295,000

1.7%

$289,500

5.3%

-3.8%

NERANG ^

N/A

$740,000

N/A

-2.6%

ROBINA

$398,000

3.4%

$415,000

-0.1%

-7.9%

ORMEAU

$427,500

-9.0%

$430,000

5.8%

-2.3%

RUNAWAY BAY ~

$359,000

-16.7%

$385,000

-11.5%

-25.0%

ORMEAU HILLS

$475,000

N/A

$447,000

-0.8%

-8.9%

SOUTHPORT

160

$316,750

-0.4%

$315,000

-3.7%

-16.2%

OXENFORD

$484,750

8.9%

$445,000

3.5%

-1.7%

SURFERS PARADISE f *

294

$328,500

2.7%

$337,500

-3.6%

-6.8%

PACIFIC PINES

$478,000

3.9%

$465,000

2.2%

0.5%

TUGUN

$345,000

-9.8%

$376,750

4.7%

-12.1%

PALM BEACH

$600,000

-0.8%

$592,500

12.9%

9.7%

UPPER COOMERA

$310,000

1.1%

$308,000

9.6%

-12.0%

PARADISE POINT ~ f

$1,100,000

43.3%

$835,500

4.8%

-6.9%

VARSITY LAKES *

$367,000

-0.8%

$378,000

3.6%

-3.1%

PARKWOOD

$462,500

-10.2%

$495,000

9.4%

4.2%

BENOWA

$380,000

-2.8%

$528,500

13.7%

32.3%

PIMPAMA

$390,000

4.7%

$400,000

6.0%

1.3%

BILINGA

$428,750

N/A

$490,000

14.3%

-7.5%

REEDY CREEK

$680,600

13.4%

$635,000

4.6%

-0.8%

COOMERA ~ f

$268,000

3.1%

$311,500

5.6%

-10.7%

ROBINA

$561,000

-2.4%

$567,000

7.6%

4.0%

HELENSVALE ~ t

$247,500

-18.6%

$298,500

-2.6%

-6.0%

RUNAWAY BAY

$805,000

5.2%

$830,000

14.1%

16.1%

HOPE ISLAND * t

$385,000

-6.1%

$383,500

18.0%

-5.5%

SOUTHPORT

$469,250

1.8%

$470,000

9.0%

2.0%

SURFERS PARADISE

$1,235,000

-1.2%

$1,138,750

-1.0%

-12.7%

TALLAI ^

N/A

$707,500

-2.7%

-8.7%

TALLEBUDGERA ^

N/A

$690,000

2.2%

-2.8%

TALLEBUDGERA VALLEY ^

$750,000

N/A

$750,000

N/A

TUGUN ~

$527,500

-16.3%

$489,500

-1.4%

6.8%

UPPER COOMERA

$434,000

5.0%

$410,556

5.5%

-2.2%

VARSITY LAKES

$570,000

11.5%

$510,000

8.5%

6.5%

WORONGARY

$410,000

N/A

$409,000

7.6%

1.4%

WORONGARY ^ ~

$640,000

-12.9%

$677,500

14.2%

-2.5%

The construction industry is providing much needed jobs with both residential and infrastructure projects underway.

MARCH QUARTER 2015

REGIONAL MARKET UPDATES

RENTAL MARKET - 2 BED UNITS

SALES MARKET - VACANT LAND

POST NUMBER OF SALES

SUBURB

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

GOLD COAST (LGA)

107

$232,000

-0.4%

$230,000

0.0%

-2.2%

GOLD COAST (LGA) ^

$365,000

N/A

$348,500

-1.6%

-6.2%

ELANORA

N/A

$326,000

N/A

GILSTON

N/A

$260,000

4.0%

17.7%

ORMEAU

N/A

$224,200

-0.4%

ORMEAU HILLS *

$217,950

2.4%

$215,500

0.3%

N/A

PIMPAMA *

$216,000

-3.6%

$222,000

0.9%

2.8%

REEDY CREEK

N/A

$325,000

5.2%

0.0%

UPPER COOMERA

$239,000

2.6%

$230,000

1.4%

0.8%

WILLOW VALE

N/A

$207,900

6.6%

N/A

COOMERA *

$245,450

-7.4%

$235,950

4.7%

0.0%

HOPE ISLAND * f

$327,500

-24.3%

$400,000

14.3%

21.2%

RENTAL MARKET - 3 BED HOUSES POST CODE

MAR-15 $/WEEK

LOCALITYL

MAR-14

NEW BONDS $/WEEK

CODE

MAR-15 $/WEEK

LOCALITYL

MAR-14

NEW BONDS $/WEEK

NEW BONDS

GOLD COAST CITY

$370

2395

$360

2771

4209

COOMERA

$310

$285

4210

OXENFORD

$315

$295

4211

ADVANCETOWN

$335

$330

4212

HELENSVALE

$400

$390

4214

ARUNDEL

$300

$216

4215

LABRADOR

$355

532

$350

704

4216

PARADISE POINT

$360

207

$350

218

4217

BENOWA

$420

545

$400

603

4218

BROADBEACH

$380

304

$360

321

4220

BURLEIGH HEADS

$385

180

$380

195

4221

ELANORA

$330

114

$310

151

4223

CURRUMBIN

$380

$365

4224

TUGUN

$350

$340

4225

BILINGA

$350

$330

120

4226

CLEAR ISLAND WATERS

$415

$400

4227

REEDY CREEK

$370

142

$370

151

SCENIC RIM REGIONAL

$220

$216

ALLENVIEW

$210

NEW BONDS

4285

GOLD COAST CITY

$440

945

$430

1032

4208

BURNSIDE

$400

$380

4209

COOMERA

$390

$370

106

4210

OXENFORD

$395

$420

4211

ADVANCETOWN

$400

124

$400

130

GOLD COAST CITY

$390

1061

$380

1135

4212

HELENSVALE

$500

$449

4208

BURNSIDE

$370

4213

BONOGIN

$450

$430

4209

COOMERA

$360

160

$355

160

4214

ARUNDEL

$430

$420

4210

OXENFORD

$395

$350

4215

LABRADOR

$420

$400

115

4211

ADVANCETOWN

$370

172

$365

202

4216

PARADISE POINT

$450

$400

4212

HELENSVALE

$430

$420

4217

BENOWA

$560

$550

4213

BONOGIN

$370

$385

4218

BROADBEACH

$550

$510

4214

ARUNDEL

$365

4220

BURLEIGH HEADS

$480

$470

4215

LABRADOR

$400

112

$380

133

4221

ELANORA

$490

$460

4216

PARADISE POINT

$400

$370

4223

CURRUMBIN

$450

$460

4217

BENOWA

$450

4225

BILINGA

5 15 MAR

$395

4218

BROADBEACH

$400

4226

CLEAR ISLAND WATERS

$460

4220

BURLEIGH HEADS

$395

4227

REEDY CREEK

$460 811 770

58 29

$460

4221

ELANORA

$380

$360

$430

BRISBANE CITY UNIT SALES (p) DEC$440 14 $470

RENTAL MARKET - 3 BED TOWNHOUSES

UNIT PRICEPOINTS $380

TOOWOOMBA UNIT SALES (p) $440 43 BRISBANE CITY LAND SALES (p)

DEC 14 $425 MAR 15 28 52DEC 14 $410 MAR 1538 47 $400 22

SCENIC RIM REGIONAL

$300

116

$330

119

4223

CURRUMBIN

4272

MOUNT TAMBORINE

$420

$380

4224

TUGUN

4285

ALLENVIEW

$305

$300

4225

BILINGA

4307

COLEYVILLE

$350

$250

4226

CLEAR ISLAND WATERS

$440

4309

ARATULA

$270

N.A.

4227

REEDY CREEK

$430

4310

ALLANDALE

$270

$275

SCENIC RIM REGIONAL

$290

ALLENVIEW

$290

310 342 55

427 468

<$250,000 $250,000+ $350,000+ $500,000+

$1m+

4285

225

239

$250,000+ $250,000+

237

<$250,000 $250,000+ $350,000+ $500,000+

$1m+

4 $420 4

N.A.

$350,000+ $500,000+ $500,000+ $350,000+

1 4 0

431

DEC 14 MAR 15 DEC 14 MAR 15

321

231

DEC 14

MAR 15

$1m+

SUNSHINE COAST & NOOSA UNIT SALES (p) 18 QUEENSLAND MARKET MONITOR

10 36 8

202

<$250,000 $250,000+ $350,000+ $500,000+

<$250 <$

BUNDABERG UNIT SALES (p) GOLD COAST LAND SALES (p) 91 21

165

<$250, <$

<$250,000 <$250,000 $250,000+ $250,000+ $350,000+ $350,000+ $500,000+ $500,000+

MAR 15

239

154

GOLD COAST UNIT SALES (p)

179

86 46

419

DEC 14 MAR 15 DEC 14 MAR 15

137

DEC 14

N.A.

14$430

Includes IPSWICH, LOGAN, MORETON BAY & REDLAND

34428 339

493

14 162

FRASER COAST UNIT SALES (p) BRISBANE SURROUNDS LAND SALES (p)

MAR 15

100

$450

<$250,000 <$250,000

INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND

256

$440

BRISBANE SURROUNDS UNIT SALES (p) DEC 14

$410

ROCK

2 9 3

<$250,000 <$250,000 $250,000+ $250,000+ $350,000+ $350,000+ $500,000+ $500,000+

GLADSTONE UNIT SALES (p) SUNSHINE COAST & NOOSA LAND SALES (p) DEC 14

MAR 15

<$250, <$

REGIONAL MARKET UPDATES

HOUSE PRICEPOINTS

TOOWOOMBA

BRISBANE CITY HOUSE SALES (p)

TOOWOOMBA HOUSE SALES (p)

Over the March quarter the Toowoomba residential property DEC 14 MAR 15 market, similar to Brisbane, took a moment’s pause, 1,922 1,840 with sales activity easing in the house market. Unit sales however were up, following a sharp drop over the December quarter. 788 753

<$350,000

MAR 15 MAR 15

70 10

<$350,000

$350,000+ $500,000+ $1m+ <$250,000 $250,000+ $350,000+ $500,000+ $1m+

$250,000+

13 4

$500,000+

$350,000+

$500,000+

BUNDABERG HOUSE SALES (p) LAND PRICEPOINTS FRASER DEC COAST SALES 14 UNIT MAR 15 (p) TOOWOOMBA LAND SALES (p) 159 157 28 34 19 27

DEC 14

DEC 14 16

MAR 15

47 6

<$350,000

<$250,000 <$250,000

MAR 15

$350,000+

<$250,000

Similar to the March quarter in 2014, house GOLD COAST HOUSEpreliminary SALES (p) sales numbers were down over the March quarter BRISBANE SURROUNDS UNIT SALES (p)this INCLUDES IPSWICH, BAY 15 & REDLAND DECLOGAN, 14 MORETON MAR year. Toowoomba’s median house price however BRISBANE CITY LAND SALES (p) recorded DEC 14 MAR 15 667 an increase of 1.1 per cent, the regions fourth consecutive 629 256 DEC 14 local MARproperty 15 541237 quarterly increase, indicating that prices 532 239 225 47 have begun to lift. The region’s quarterly change in 36 35 median house price has 31 now trended territory 137in positive 100 since late 2012. 23 86 117 119

493DEC 14

DEC 14 DEC 14 52

<$350,000 HOUSE MARKET

According to local agents the prestige market in 3 10 <$350,000 $350,000+ $500,000+ Toowoomba has picked up, with multiple sales in $1m+ the one <$250,000 $250,000+ $350,000+ $500,000+ $1m+ to two million price bracket occurring, something that <$250,000 $250,000+ $350,000+ $500,000+ hasn’t occurredSUNSHINE in Toowoomba for some time. Over the COAST & NOOSA HOUSE SALES (p) GOLDnumbers COAST UNIT SALESfour (p) houses March quarter, preliminary show DEC 14 MAR 15 were exchanged for over a SURROUNDS million dollars, from BRISBANE LAND15up SALES (p) just two DEC 14 MAR 459 443 Includes IPSWICH, LOGAN, MORETON REDLAND during the corresponding March quarter last year. 426BAY &445

$500,000+

UNIT PRICEPOINTS

227

202

Despite the lull over the first three months of the year, Toowoomba agents say the outlook for region remains 571the540 427 468 very positive with local property prices remaining relatively 342 310 affordable and various industries supporting the local 22 19 economy. 47 55 47 49

$350,000+

FRASER COAST HOUSE SALES (p) TOOWOOMBA UNIT SALES (p)

770 811

54 18

196

A two-tiered market is also said to be present, with those who have someBRISBANE uncertainty around their employment SURROUNDS HOUSE SALES (p) INCLUDES IPSWICH, LOGAN, MORETON BAYSALES & REDLAND BRISBANE CITY UNIT (p) holding back from the sales market. Investor activity is also DEC 14 MAR 15 said to have dropped back, which is likely behind the easing DEC 14 MAR 15 1,276 in sales activity over the quarter. 1,234 1,079

19 58

MAR 15

239 200

332of 247 Local agents in say that there is an air 130Toowoomba 129 cautious optimism with well-educated buyers gaining more confidence in<$350,000 the negotiation process. $350,000+ $500,000+ $1m+

1,078

DEC 14

271

11 1

4 2$350,000+

$500,000+ 2

$250,000+ $350,000+ $500,000+ $250,000+ $350,000+

GLADSTONE HOUSE SALES (p) BUNDABERG UNIT SALES (p) DEC 14

MAR 15

on market has continued to 14 come down which indicates FRASER COAST LANDMAR SALES DEC 15 (p) 51 buyer demand overall remains strong. 47 47 21 44 DEC 14

MAR 15

431 419 344 339 The positive news is enticing more vendors to place their properties onto the market, with321total listings over the year to February up 6 239 per cent compared to the previous year. 202 179 165 88 Despite an increase 62 in available house listings, average 55 46 81has reduced further33to 32 days on market in Toowoomba 63 59 29 4 $1m+of 3 the days, and remains selling19 region outside <$350,000the fastest $350,000+ $500,000+ <$250,000 $250,000+ $350,000+ $500,000+ $1m+ Brisbane council area. <$250,000 $250,000+ $350,000+ $500,000+

50 RENTAL MARKET 16

After peaking in the September quarterSALES last year, the GOLD COAST DEC 14LANDMAR 15 (p) March quarter sales activity and townhouse 231in the unit 221 215 DEC sharp 14 MAR 15 recorded over 91 market has picked up from the drop 177 the December quarter. 73

With more new stock coming onto the local BUNDABERG LAND SALES (p) DEC 14 MAR 15 market, agents say 9there is an oversupply most notably with DEC 14 MAR 15 unit rentals. This 7 48is also said to be exacerbated by high expectations on rental 5returns by interstate investors resulting in29vacancies taking 4 longer 4 on the market.

In Toowoomba vacancy10rates have hit an all-time 19high 8 7 of 3.2 per cent up 0.9 percentage points since 10 the end 4 of December last year. Whilst this rate is generally 2 3 considered <$350,000 a “healthy” level, Toowoomba’s rental 2$350,000+ 2 1$500,000+ 1 market has historically remained under $350,000+ 2 per cent for more than 7 <$250,000 $250,000+ $500,000+ $250,000+ years, with<$250,000 December 2011 the exception$350,000+ when vacancies (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by CoreLogic RP Data. UNIT MARKET went slightly aboveGLADSTONE at 2.1 per UNIT cent.SALES (p) SUNSHINE COAST & NOOSA UNIT SALES (p)

116

Buyer activity83was97most prominent in the101 $250,000 to $350,000 price point, with36preliminary sales numbers 35 up 18 17 over the March quarter. 9 9 9 8

2 Local agents say that the increasing vacancy rate is 0 0 removed behind the easing in investor activity, which has 0 0 0 0 some of the unthinking heat from the Toowoomba property <$250,000 $250,000+ $350,000+ $500,000+ market. <$250,000 $250,000+ $350,000+

With some new townhouse sales still occurring <$250,000 $250,000+ $350,000+ $500,000+ in suburbs $1m+ <$250,000 $350,000+ $500,000+ such as Kearneys Spring$250,000+ and East Toowoomba, the overall (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by CoreLogic RP Data. median unit sale price for the Toowoomba council area was up 8.5 per cent over the quarter. SUNSHINE COAST & NOOSA LAND SALES (p)

With investor activity now said to be easing somewhat, DEC 14 15 total unit and townhouse listings hasMAR remained relatively 52 49 unchanged compared to a year ago, however average days

GLADSTONE LAND SALES (p) DEC 14

MAR 15

20 15

MARCH QUARTER 2015

REGIONAL MARKET UPDATES

SALES MARKET - VACANT LAND

SALES MARKET - HOUSES SUBURB

NUMBER OF SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

NUMBER OF SALES

SUBURB

MEDIAN SALE

ANNUAL MEDIAN SALE

QTRLY CHANGE

1YR 5YR CHANGE CHANGE

TOOWOOMBA (LGA)

509

$354,000

1.1%

$347,000

7.1%

21.3%

TOOWOOMBA (LGA) ~ *

$186,500

20.3%

$163,000

5.8%

TOOWOOMBA (LGA) ^

$485,000

5.3%

$480,000

1.6%

14.3%

TOOWOOMBA (LGA) ^

$249,500

N/A

$185,000

5.7%

27.3% 17.8%

CENTENARY HEIGHTS

$355,000

-1.9%

$354,000

5.7%

24.6%

CAMBOOYA

N/A

$115,000

N/A

CROWS NEST

$269,000

N/A

$268,000

9.4%

14.2%

GLENVALE *

N/A

$172,000

1.2%

35.2%

DARLING HEIGHTS

$350,000

-1.4%

$349,000

8.0%

19.7%

KLEINTON *

$206,000

N/A

$200,000

32.5%

53.8%

EAST TOOWOOMBA ~

$467,500

17.5%

$438,000

10.9%

19.0%

MERINGANDAN WEST

N/A

$137,000

N/A

GLENVALE

$385,000

1.3%

$380,000

12.4%

16.0%

MIDDLE RIDGE ~ *

N/A

$301,250

43.5%

54.5%

GLENVALE ^

$487,500

N/A

WESTBROOK *

N/A

$160,000

3.9%

48.1%

HARLAXTON

N/A

$274,000

1.5%

17.8%

WYREEMA *

N/A

$147,000

N/A

GOWRIE JUNCTION ^ ~

N/A

$177,000

8.6%

22.1%

N/A

$72,000

-8.9%

-19.9%

HARRISTOWN

$314,500

-4.3%

$317,500

6.0%

24.0%

HIGHFIELDS

$500,750

-4.6%

$499,500

9.2%

17.3%

HIGHFIELDS ^

$505,050

-7.3%

$524,000

4.8%

19.1%

SURROUNDS

KEARNEYS SPRING

$390,000

6.1%

$387,500

10.7%

26.6%

SOUTHERN DOWNS (LGA) ~

KLEINTON

N/A

$505,000

13.2%

N/A

MERINGANDAN WEST ^

N/A

$395,000

21.5%

30.4%

MIDDLE RIDGE

$479,000

-11.3%

$504,250

9.4%

14.6%

RENTAL MARKET - 3 BED HOUSES

MOUNT LOFTY ~

$460,000

17.9%

$417,500

14.4%

26.3%

POST

NEWTOWN

$333,750

7.7%

$307,525

9.8%

22.5%

CODE

NORTH TOOWOOMBA ~

$340,000

17.2%

$316,750

11.6%

33.1%

OAKEY

$253,000

0.4%

$230,000

3.9%

5.5%

PITTSWORTH

$295,000

3.7%

$287,000

4.8%

RANGEVILLE

$440,000

-4.3%

$420,000

ROCKVILLE

$260,000

-7.5%

SOUTH TOOWOOMBA

$319,000

TOOWOOMBA CITY ~

WESTBROOK

MAR-15 LOCALITYL

$/WEEK

MAR-14

NEW BONDS $/WEEK

NEW BONDS

TOOWOOMBA REGIONAL

$310

608

$300

710

4350

KEARNEYS SPRING

$315

472

$310

549

2.9%

4352

AMIENS

$310

$325

9.1%

13.5%

4355

ANDURAMBA

$260

$283,000

12.3%

10.4%

4356

PITTSWORTH

$290

$260

-5.9%

$325,000

10.2%

26.0%

4357

BRINGALILY

$260

$270

N/A

$330,000

4.3%

29.4%

4359

ASCOT

$250

$465,500

3.4%

$452,500

5.5%

21.5%

4361

BACK PLAINS

$230

$220

WILSONTON

$317,500

0.8%

$317,500

9.1%

15.5%

4401

ACLAND

$280

$270

WILSONTON HEIGHTS

N/A

$288,000

5.9%

17.6%

4614

NEUMGNA

$240

$215

WYREEMA

$335,000

-6.9%

$341,500

N/A

11.1%

GOONDIWINDI REGIONAL

$290

$270

BILLA BILLA

$295

$290

SOUTHERN DOWNS REGIONAL

$250

148

$255

148

4390 SURROUNDS GOONDIWINDI (LGA) ~

$230,000

9.5%

$245,000

7.5%

0.0%

4362

ALLORA

$240

$265

GOONDIWINDI

$264,000

2.6%

$270,000

-3.6%

-6.1%

4370

ALLAN

$255

$260

4380

AMIENS

$250

WESTERN DOWNS REGIONAL

$260

162

$330

140

SOUTHERN DOWNS (LGA) ~

$225,000

-6.3%

$237,000

-4.4%

0.9%

SOUTHERN DOWNS (LGA) ^

$370,000

0.0%

$320,000

6.5%

0.0%

4405

BLAXLAND

$260

$310

STANTHORPE

$220,000

-9.1%

$233,500

1.9%

0.6%

4413

BAKING BOARD

$240

$410

WARWICK

$237,000

-7.1%

$241,000

-5.5%

-3.6%

4415

MILES

$260

$400

4419

COCKATOO

$220

$600

4421

GORANBA

$220

N.A.

WESTERN DOWNS (LGA) ~

$289,500

29.8%

$250,000

-15.0%

-2.8%

WESTERN DOWNS (LGA) ^ ~

N/A

$350,000

-18.6%

8.5%

CHINCHILLA

$312,000

N/A

$315,000

-9.2%

7.7%

DALBY ~

$280,000

19.1%

$250,000

-5.7%

-9.1%

DALBY ^

N/A

$436,500

-5.1%

2.0%

SALES MARKET - UNITS & TOWNHOUSES

RENTAL MARKET - 2 BED UNITS TOOWOOMBA REGIONAL

$250

413

$245

408

4350

KEARNEYS SPRING

$255

395

$250

385

4401

ACLAND

$215

$170

GOONDIWINDI REGIONAL

$200

$180

BILLA BILLA

$200

$180

SOUTHERN DOWNS REGIONAL

$200

TOOWOOMBA (LGA) * t

107

$291,500

8.5%

$295,000

9.3%

28.3%

CENTENARY HEIGHTS ~

N/A

$267,000

-17.2%

3.9%

EAST TOOWOOMBA * t

$349,500

N/A

$347,500

46.6%

47.9%

4370

ALLAN

$220

$200

HARRISTOWN ~

N/A

$218,500

-16.9%

-19.2%

4380

AMIENS

$195

KEARNEYS SPRING * t

$304,000

10.5%

$294,500

3.3%

17.8%

WESTERN DOWNS REGIONAL

$195

$270

NEWTOWN * t

$248,250

-0.7%

$270,000

13.9%

25.0%

4405

BLAXLAND

$195

$250

RANGEVILLE

N/A

$348,000

9.1%

N/A

4413

BAKING BOARD

$195

$380

SOUTH TOOWOOMBA *

N/A

$310,000

17.0%

30.8%

TOOWOOMBA CITY ~

N/A

$242,094

-19.3%

18.7%

WILSONTON

N/A

$268,000

11.2%

16.5%

4390

RENTAL MARKET - 3 BED TOWNHOUSES 4350

4413

20 QUEENSLAND MARKET MONITOR

TOOWOOMBA REGIONAL

$320

$310

KEARNEYS SPRING

$320

$310

SOUTHERN DOWNS REGIONAL

$300

$240

WESTERN DOWNS REGIONAL

$230

$475

BAKING BOARD

$230

$480

58 19

100

54 18

<$350,000

SUNSHINE COAST

The Sunshine Coast continues to be one of the strongest performing regional centres, with the housing market, unit market and rental market all firing. Both the unit and house sales market continue to see activity trend upwards with preliminary sales numbers over the year to March up 10 and 11 per cent respectively for the Sunshine Coast council area. Generally speaking, tourism numbers are rebounding to the Sunshine Coast, recovering from a flat couple of years and retailers and food precincts are reportedly doing well. This is bringing renewed activity in the real estate market to popular beachside areas and beyond.

Over the year to March 2015 the median house price for the Sunshine coast was up a healthy 6.1 per cent while Noosa recorded 6.7 per cent, evidence that the market is well and truly on the way back to solid ground.

Local agents are reporting that houses are receiving multiple offers for the first time in many years and many houses selling for full price, without any vendor discounting. Length of time on the market however, according to local agents, depends on the quality and location of the property. Some stock will sell within the first week, while other listings may sit for lengthier periods. Over the year to February 2015, total house listings for the Sunshine Coast region were up 7 per cent indicating growing confidence in the regions property market. UNIT MARKET

Over the March quarter the Sunshine Coast and Noosa unit markets recorded varying results. On the Sunshine Coast sales numbers were up 16 per cent, while Noosa saw sales drop 7 per cent. Local agents contend this is a reflection of people being forced to the unit market due to housingâ&#x20AC;&#x2122;s lack of affordability. Those units that have been doing well are those that are close to the beach in small complexes. This market is said to be dominated by downsizers and owner-occupiers, and features very few first-home buyers.

119 23

46 14MARKET UPDATES REGIONAL 10 3 $1m+

$500,000+

GOLD COAST UNIT SALES (p) DEC 14

MAR 15

BRISBANE459 SURROUNDS LAND15 SALES (p) 445 44314 DEC MAR 426 Includes IPSWICH, LOGAN, MORETON BAY & REDLAND

344

339

419

493DEC 14

MAR 15

431

321

88 179

239

<$350,000

165

$350,000+

202

46 33

29 $500,000+ 19

55 32

4 $1m+3 <$250,000 $250,000+ $350,000+ $500,000+ $1m+ (p) Preliminary.<$250,000 See explanatory notes$250,000+ for further information. Source: REIQ, data provided by CoreLogic RP Data. $350,000+ $500,000+

SUNSHINE COAST & NOOSA UNIT SALES (p)

GOLD COAST SALES DEC 14LANDMAR 15 (p) 215

231

DEC 14

177

221

MAR 15

73 83

101

116

36 17

<$250,000 $250,000+ $350,000+ $500,000+ $1m+ <$250,000 $250,000+ $350,000+ $500,000+

(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by CoreLogic RP Data.

SUNSHINE COAST & NOOSA LAND SALES (p) 49

DEC 14

Across the Sunshine Coast region, average days on market, reflecting increasing buyer demand, has dropped from 96 last year to 87 in the year to February 2015. Average vendor discounting has likewise continued to trend down, sitting at 5.9 per cent over the year to February, down from 6.3 per cent a year ago.

117

<$250,000 $250,000+ $350,000+ $500,000+ $1m+ <$250,000 $350,000+ $500,000+ SUNSHINE$250,000+ COAST & NOOSA HOUSE SALES (p)

HOUSE MARKET

Despite a strong year to March, the March quarter saw preliminary house sales in the Sunshine Coast council area ease 3 per cent. Noosa however saw sales edge up 3 per cent compared to the December quarter, with prestige sales contributing to Noosaâ&#x20AC;&#x2122;s median house price increase of 8.7 per cent.

$350,000+

<$250,000

$250,000+

MAR 15

$350,000+

$500,000+

Local agents report a jump at the top end of the market, with a few record sales in the two million and three million price range, despite a drop off in overall activity in the million-plus price point for the quarter.

(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by CoreLogic RP Data.

One agent reported selling a $2.3 million apartment in Maroochydore, not on the waterfront, believing it to be a six-year record for the area. RENTAL MARKET

On the Sunshine Coast vacancy rates were up 0.8 percentage points to 1.9 per cent at the end of March, albeit still remaining a tight market. Caloundra continues to hold the lowest vacancy rate, along with the Noosa council area, at 1 per cent. According to local agents supply of rentals is being reduced as more investors take advantage of the strengthening sales market, with many sold to owneroccupiers. Due to the ongoing demand on the Sunshine Coast and minimal new investor stock coming onto the market, median rents are on their way up in some areas, with three-bedroom houses in the Noosa area recorded the highest increase of $45 in its median weekly rent, to $440 for the March quarter 2015.

MARCH QUARTER 2015

REGIONAL MARKET UPDATES

SALES MARKET - HOUSES SUBURB

NUMBER OF SALES

SALES MARKET - HOUSES (CONT’D) MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

SUBURB

NUMBER OF SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

SUNSHINE COAST (SD)

1052

$498,400

2.8%

$487,000

6.2%

4.7%

POMONA

N/A

$354,000

N/A

SUNSHINE COAST (SD) ^

180

$600,000

5.8%

$565,000

6.0%

-0.4%

POMONA ^

N/A

$492,000

4.7%

-3.5%

SUNRISE BEACH

$580,000

13.3%

$594,000

-3.4%

-0.2%

SUNSHINE COAST (LGA)

906

$489,000

1.5%

$480,000

6.1%

4.9%

SUNSHINE BEACH

$982,500

N/A

$1,040,000

-3.3%

-17.6%

TEWANTIN

$465,000

4.5%

$450,000

7.8%

2.5%

5.4%

-3.6%

SUNSHINE COAST (LGA) ^

127

$600,000

4.3%

$575,000

5.5%

0.0%

ALEXANDRA HEADLAND ~

N/A

$805,000

22.2%

N/A

AROONA

$454,000

3.8%

$452,000

3.9%

5.6%

SALES MARKET - UNITS & TOWNHOUSES

BATTERY HILL

$500,000

N/A

$448,500

6.7%

9.4%

SUNSHINE COAST (SD)

BEERWAH

$392,000

3.7%

$387,500

3.3%

-3.7%

698

$355,000

1.4%

$360,000

BEERWAH ^

N/A

$455,000

N/A

SUNSHINE COAST (LGA)

579

$348,000

-0.4%

$355,000

2.3%

-3.1%

BLI BLI

$432,500

1.8%

$430,000

5.3%

6.4%

ALEXANDRA HEADLAND

$340,000

0.3%

$330,000

2.3%

-1.5%

BUDDINA ~

$690,000

29.0%

$580,000

5.0%

-7.3%

BATTERY HILL

N/A

$251,500

N/A

-7.2%

BUDERIM

128

$560,000

0.9%

$550,000

6.8%

3.8%

BIRTINYA

N/A

$440,000

10.0%

N/A

BUDERIM ^ ~

N/A

$940,000

20.5%

26.2%

BUDDINA ~

N/A

$441,000

22.5%

17.6%

BURNSIDE

$411,000

8.9%

$393,250

12.4%

8.1%

BUDERIM *

$395,000

6.8%

$375,000

-2.7%

-2.6%

CALOUNDRA

N/A

$439,335

N/A

CALOUNDRA ~ f

$355,000

-14.4%

$390,000

11.7%

1.3%

CALOUNDRA WEST

$429,000

0.9%

$425,000

4.9%

0.1%

COOLUM BEACH

$343,250

-3.0%

$356,250

3.3%

1.8%

COES CREEK

N/A

$359,000

-1.6%

-5.5%

CURRIMUNDI

N/A

$360,000

5.6%

0.7%

COOLUM BEACH

$516,250

4.3%

$501,000

9.6%

3.3%

GOLDEN BEACH ~ f

$372,500

25.2%

$345,000

-0.4%

-4.2%

CURRIMUNDI

$452,000

0.9%

$447,750

3.6%

5.4%

KINGS BEACH *

$367,500

-5.8%

$378,000

16.8%

-10.0%

DICKY BEACH

N/A

$684,000

N/A

LITTLE MOUNTAIN * t

N/A

$384,000

N/A

EUMUNDI ^

N/A

$680,000

3.1%

N/A

MARCOOLA

$359,000

N/A

$315,000

2.3%

-19.2%

GLASS HOUSE MOUNTAINS

N/A

$425,000

9.0%

-2.3%

MAROOCHYDORE * f

107

$358,125

7.9%

$355,625

0.2%

-5.2%

GLASS HOUSE MOUNTAINS ^

N/A

$467,500

14.0%

0.5%

MINYAMA

N/A

$297,000

3.8%

-1.0%

GLENVIEW ^

N/A

$565,500

N/A

MOOLOOLABA ~ f

$329,250

-17.7%

$360,000

4.3%

-3.2%

GOLDEN BEACH

$450,000

0.1%

$452,500

6.7%

-1.1%

MOUNT COOLUM ~

$349,500

N/A

$351,500

36.5%

1.9%

KULUIN

$372,000

N/A

$388,500

1.9%

-5.2%

MOUNTAIN CREEK * t

N/A

$385,000

4.1%

22.2%

LANDSBOROUGH

N/A

$360,000

-0.6%

-1.9%

NAMBOUR

$264,750

2.2%

$237,500

-10.4%

-18.1%

LANDSBOROUGH ^

N/A

$540,000

23.4%

N/A

PARREARRA ~ f

$455,000

N/A

$408,750

0.9%

-20.6%

LITTLE MOUNTAIN

$510,000

3.7%

$491,000

8.4%

4.5%

TWIN WATERS

$520,000

N/A

$477,000

-0.1%

-15.6%

MALENY

N/A

$425,000

1.2%

-6.0%

WARANA

N/A

$318,500

1.8%

-3.8%

WURTULLA

N/A

$333,000

18.3%

N/A

MALENY ^

N/A

$592,500

4.4%

N/A

MARCOOLA

N/A

$502,500

5.5%

11.7%

MAROOCHYDORE

$545,000

10.2%

$485,000

6.6%

4.3%

SURROUNDS

MERIDAN PLAINS

N/A

$460,000

1.1%

4.5%

NOOSA (LGA)

119

$385,000

2.7%

$389,000

2.4%

-10.6%

MINYAMA ~ f

$646,500

-14.7%

$695,000

-6.4%

-29.8%

NOOSAVILLE

$373,500

8.3%

$360,000

0.0%

-2.4%

MOFFAT BEACH

$645,000

1.9%

$635,000

10.4%

22.1%

PEREGIAN BEACH

N/A

$353,750

-6.3%

-21.8%

MOOLOOLABA ~

$690,000

14.5%

$637,500

16.4%

8.1%

SUNRISE BEACH ~ f

N/A

$366,500

14.5%

-8.4%

MOOLOOLAH VALLEY

N/A

$385,000

-0.5%

1.3%

SUNSHINE BEACH ~ f

$486,000

-16.9%

$540,000

16.4%

8.6%

MOOLOOLAH VALLEY ^

N/A

$557,000

N/A

16.0%

TEWANTIN

$305,000

N/A

$285,000

0.0%

-3.4%

NOOSA HEADS ~

$477,500

16.8%

$520,250

13.1%

-5.0%

MOUNT COOLUM

$450,000

N/A

$474,000

3.7%

3.0%

MOUNTAIN CREEK

$540,000

0.9%

$533,500

8.9%

9.1%

MUDJIMBA

$647,500

N/A

$560,000

4.3%

0.9%

NAMBOUR

$347,500

1.8%

$338,250

4.9%

-3.4%

PACIFIC PARADISE

N/A

$400,000

8.8%

7.5%

SUNSHINE COAST (SD)

107

$250,000

-3.5%

$240,000

2.1%

-2.4%

PALMWOODS

$464,000

0.9%

$440,000

5.3%

3.0%

SUNSHINE COAST (SD) ^ ~

$282,500

-8.9%

$305,000

2.7%

0.8%

SALES MARKET - VACANT LAND

PALMWOODS ^

N/A

$595,000

N/A

-8.8%

PARREARRA

$555,000

7.8%

$550,000

1.9%

3.0%

SUNSHINE COAST (LGA)

$239,500

-1.1%

$236,600

2.9%

-3.0%

PELICAN WATERS

$620,000

-6.1%

$655,000

9.9%

7.4%

SUNSHINE COAST (LGA) ^ ~

$285,000

-9.2%

$310,000

6.9%

2.5%

PEREGIAN SPRINGS

$543,750

-0.2%

$555,500

-0.1%

5.8%

BIRTINYA ~ * f

N/A

$253,000

N/A

-20.0%

SIPPY DOWNS

$432,500

-1.8%

$442,250

6.6%

1.7%

BLI BLI

N/A

$237,500

3.9%

-2.1%

TWIN WATERS ~

$710,000

17.4%

$670,000

1.9%

3.1%

BUDERIM

N/A

$299,000

7.9%

3.1%

WARANA

N/A

$530,000

6.0%

9.3%

CALOUNDRA WEST *

N/A

$208,000

16.6%

-12.7%

WOOMBYE

N/A

$397,500

9.0%

3.2%

COOLUM BEACH ~

N/A

$318,942

26.3%

N/A

WURTULLA

$470,000

0.8%

$480,000

9.7%

3.2%

FOREST GLEN

N/A

$241,750

N/A

YANDINA

N/A

$380,000

14.3%

4.1%

GLASS HOUSE MOUNTAINS *

N/A

$195,000

N/A

YAROOMBA ~

$623,000

17.5%

$555,000

9.1%

2.0%

LITTLE MOUNTAIN

N/A

$232,000

3.1%

-7.9%

SURROUNDS

MALENY

N/A

$225,000

N/A

2.3%

MAROOCHYDORE * f

N/A

$250,000

25.0%

N/A

NOOSA ( LGA) ~ f

146

$565,000

8.7%

$555,000

6.7%

4.2%

MERIDAN PLAINS *

N/A

$229,500

N/A

3.9%

NOOSA (LGA) ^ ~

$595,000

7.2%

$536,000

-0.1%

-1.5%

MOUNTAIN CREEK

N/A

$260,000

4.0%

8.3%

BLACK MOUNTAIN ^

N/A

$485,000

-3.4%

-4.9%

PELICAN WATERS ~ *

N/A

$462,750

41.3%

44.6%

COOROY

$455,000

N/A

$425,000

9.0%

1.9%

PEREGIAN SPRINGS *

$200,000

N/A

$256,000

6.7%

-5.2%

2.4%

DOONAN ^

$641,000

6.8%

$600,000

-4.0%

-5.1%

LAKE MACDONALD ^ ~ f

N/A

$622,500

28.4%

40.7%

SURROUNDS

NOOSA HEADS ~ f

$950,000

59.2%

$680,000

6.3%

NOOSA (LGA) * f

$365,500

-16.5%

$291,850

8.9%

NOOSAVILLE ~

$757,500

18.3%

$765,000

12.5%

-3.8%

NOOSA (LGA) ^

N/A

PEREGIAN BEACH

$679,500

2.0%

$624,000

4.4%

7.1%

NOOSAVILLE * f

$525,000

N/A

$390,500

37.0%

29.1%

22 QUEENSLAND MARKET MONITOR

REGIONAL MARKET UPDATES

RENTAL MARKET - 3 BED HOUSES POST CODE

RENTAL MARKET - 2 BED UNITS

MAR-15 $/WEEK

LOCALITYL

MAR-14

NEW BONDS $/WEEK

NEW BONDS

SUNSHINE COAST REGIONAL

$420

774

$400

762

4518

GLASS HOUSE MOUNTAINS

$385

$350

4519

BEERWAH

$340

$350

4550

LANDSBOROUGH

$350

4551

CALOUNDRA

$410

4552

MALENY

4553

POST CODE

MAR-15 $/WEEK

LOCALITYL

MAR-14

NEW BONDS $/WEEK

NEW BONDS

SUNSHINE COAST REGIONAL

$340

880

4519

BEERWAH

$181

4551

CALOUNDRA

$325

153

$310

157

$350

4556

BUDERIM

$325

$310

160

$400

131

4557

MOOLOOLABA

$330

125

$315

$370

$355

4558

MAROOCHYDORE

$360

174

$350

175

PALMVIEW

$410

$370

4559

WOOMBYE

$270

$280

4555

PALMWOODS

$380

$350

4560

NAMBOUR

$250

$240

4556

BUDERIM

$440

$420

4561

YANDINA

$260

$240

4557

MOOLOOLABA

$455

$410

4564

MARCOOLA

$380

$355

4558

MAROOCHYDORE

$430

$400

4572

ALEXANDRA HEADLAND

$360

$350

4559

WOOMBYE

$430

$370

4573

COOLUM BEACH

$360

$330

4560

NAMBOUR

$370

$350

4575

BIRTINYA

$400

104

$350

107

4561

YANDINA

$350

$370

NOOSA SHIRE

$360

105

$350

106

4562

BELLI PARK

$430

$400

4565

TEWANTIN

$300

$290

4564

MARCOOLA

$390

$420

4566

NOOSAVILLE

$360

$330

4572

ALEXANDRA HEADLAND

$520

$390

4567

NOOSA HEADS

$365

$370

4573

COOLUM BEACH

$440

$420

4574

COOLABINE

$285

$275

4575

BIRTINYA

$425

111

$420

101

NOOSA SHIRE

$440

108

$395

140

SUNSHINE COAST REGIONAL

$400

236

$375

165

TEWANTIN

$430

$390

4519

BEERWAH

$300

$310

CALOUNDRA

4565

BRISBANE$450 CITY HOUSE SALES 11 $460(p)

4566

NOOSAVILLE

4567

NOOSA HEADS

4563

COOROY

4568

FEDERAL

$480

$450

4556

BUDERIM

$390

$360

4557

MOOLOOLABA

$350

4558

MAROOCHYDORE

4560

NAMBOUR

4564

$390

788 130

MAR 15

1,922 10

1,840

753 332

129

<$350,000

$350,000+

$500,000+

$405HOUSE46SALES (p)$380 TOOWOOMBA $400

DEC$420 14

271

MAR 3415

$380

$400

$380

$355

$380 200

196 14

$320

MARCOOLA

$410

$400

4573

COOLUM BEACH

$440

$425

4575

BIRTINYA

$400

87$450

70 10

247

$1m+

851

N.A.

RENTAL MARKET - 3 BED TOWNHOUSES HOUSE PRICEPOINTS 4551

DEC 14

$320

239

NOOSA SHIRE

$460

$450

4566

NOOSAVILLE

$475

$550

4567

NOOSA HEADS

$460

$450

<$350,000

$350,000+

$500,000+

FRASER COAST HOUSE SALES (p)

BRISBANE SURROUNDS HOUSE SALES (p) INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND

DEC 14

FRASER COAST 1,078

1,079

1,234

DEC 14

MAR 15

1,276

202

571of emerging 540 The Fraser Coast data reveals a picture strong demand and limited supply in the housing market, 22 illustrated by a jump of 21 per cent in sales transactions 19 and a small lift in median house price.

<$350,000

$350,000+

$500,000+

$1m+

The Fraser Coast Regional Council is focusing on measures that continue the region’s growth, including GOLD population COAST HOUSE SALES (p) attracting retirees from the southern states. The Council 14 MAR 15 recently approved a 154-bed DEC nursing home, which will add about 80 jobs to the community. 629 667 541

532

The council also offers discounts on infrastructure charges for retirement-focused resort-style developments as well as a means-tested new build boost for local first home buyers. 58

117

119

In addition, expansions to the Stockland shopping centre in Hervey Bay<$350,000 have improved the retail$500,000+ offering in the $350,000+ $1m+ community, adding jobs and supporting population growth. The possibility of a new convention centre development SUNSHINE COAST & NOOSA HOUSE SALES (p) and the Hervey Bay Boat Club redevelopment may trigger 14 and MARbring 15 employment additional confidence in the DEC market 459 443 prospects to the area. 426 445 Agents are confident the local market will continue to strengthen and historical patterns suggest that the region follows trends set by the Sunshine Coast and Brisbane, 62 both of which88are performing well. 55 46 <$350,000

$350,000+

$500,000+

$1m+

MAR 15

227

70 6

<$350,000

HOUSE MARKET

$350,000+

$500,000+

BUNDABERG HOUSE SALES (p) DEC 14

MAR 15

Over the March quarter preliminary house sales numbers on the Fraser 159Coast 157 jumped an impressive 21 per cent – the largest increase of all major regional centers. With 335 transactions recorded, this is the highest level of preliminary sales the region has47 seen in over five years – indicating that the region 33 has firmly moved into the 12 11 recovery phase. $350,000+ $500,000+ Local agents<$350,000 confirm that there is increasing levels of activity and that median prices look to be on the rise.

HOUSE SALES (p)Council’s In a bid to further GLADSTONE boost affordability is the $12,000 grant for new builds for home buyers. MeansDEC 14 MAR 15 tested, the council-grant is in addition to the current 51 47 eligible 47 Great Start Grant,44giving those first-home buyers the extra financial boost they need and as a result subdivisions in the region are selling steadily. 19

<$350,000

$350,000+

$500,000+ MARCH QUARTER 2015

REGIONAL MARKET UPDATES

SALES MARKET - HOUSES

FRASER COAST CONTINUED

NUMBER OF SALES

SUBURB

UNIT MARKET

Over the March quarter, Fraser Coast’s unit market also recorded an increase in activity, however with a median sale price not much more affordable than the house median, the unit market continues to struggle to attract the buyer demand. Low interest rates, the housing market’s relative affordability and the council first home buyer grant, has possibly seen buyers stretch themselves from buying a unit, to buying a house, which over the March quarter was only about $43,000 more. In addition, new stock built eight years ago is still being absorbed. Buyer demand however is evidently there with the significant improvement in average days on market, down to 104 days over the year to February from 140 days on market a year ago.

FRASER COAST (LGA)

335

$285,500

0.2%

$292,500

-0.8%

FRASER COAST (LGA) ^

$365,000

1.4%

$365,000

1.4%

-4.1% -3.9%

BURRUM HEADS

$332,500

N/A

$395,179

6.8%

-3.0%

DUNDOWRAN BEACH ^

N/A

$500,000

N/A

ELI WATERS

$312,500

2.0%

$315,000

-1.3%

-5.9%

GLENWOOD ^

N/A

$195,000

-3.7%

-14.3%

GRANVILLE

$178,750

N/A

KAWUNGAN

$330,000

-7.0%

$331,000

3.4%

0.3%

MARYBOROUGH

$203,500

2.3%

$204,000

0.7%

-13.2%

PIALBA

N/A

$272,500

-5.4%

-8.9%

POINT VERNON

$295,000

-7.1%

$295,000

-3.3%

-6.3%

RIVER HEADS

N/A

$280,000

5.7%

N/A

SCARNESS

$271,000

2.3%

$275,000

-1.6%

-10.6%

TINANA

N/A

$270,000

0.7%

-12.9%

TOOGOOM

$305,000

0.0%

$305,000

7.0%

-4.5%

TORQUAY

$282,500

0.2%

$308,250

-4.3%

-2.8%

URANGAN

$310,000

-1.6%

$310,000

1.6%

-2.9%

URRAWEEN

$348,000

8.8%

$341,500

3.1%

-0.9%

GYMPIE (LGA) ~

107

$273,750

7.4%

$260,000

2.0%

-8.8%

GYMPIE (LGA) ^

$327,000

4.3%

$325,000

1.6%

-11.0%

COOLOOLA COVE

$280,000

N/A

$275,000

10.0%

-11.3%

CURRA ^ ~

N/A

$244,500

-7.7%

-17.0%

RENTAL MARKET

$241,000

0.0%

$238,500

2.1%

-10.0%

Although median rents on the Fraser Coast are amongst the most affordable for 40 the major centres, gross yields for 36 28 units in particularly are amongst the highest. On the back of an easing median sale price and increasing rents over 14 the quarter, the gross yield for units10was up 2.2 percentage 4 4 points to 6.9 per cent. <$250,000

$250,000+

$350,000+

LAND PRICEPOINTS

DEC 14 DEC 14

28 34

27 19

$500,000+

2 <$250,000 <$250,000

MAR 15 MAR 15

44 16

N/A

$282,500

N/A

$405,000

N/A

SOUTHSIDE

$307,000

-8.0%

$315,000

2.2%

-6.0%

TIN CAN BAY

$312,500

11.6%

$290,000

-7.9%

-6.5%

ROCKHAMPTON & LIVINGSTONE UNIT SALES (p) SOUTH BURNETT (LGA) ~

SOUTH BURNETT (LGA) ^ ~

KINGAROY

1 2 0

<$250,000 <$250,000

DEC 14 DEC 14

MAR 15 MAR 15

-7.5%

-1.6%

-12.7%

N/A

$142,000

-11.3%

-17.7%

$170,000

-2.9%

-23.6%

12 11

10 7

SALES MARKET - UNITS & TOWNHOUSES 3

FRASER COAST (LGA) ~ f

$242,000

-10.4%

$260,000

0.4%

-8.8%

PIALBA ~ f

N/A

$258,500

-16.6%

-19.5%

TORQUAY

<$250,000

$250,000+ $500,000+ 15 $215,000 $350,000+ N/A $213,000 -0.9% -14.8%

URANGAN ~ f

$246,000

-15.2%

$278,250

-0.6%

-15.4%

GYMPIE

N/A

$255,000

N/A

12.0%

$148,000

1.4%

-1.3%

-32.6%

$100,000

15.6%

1.5%

N/A

$105,000

N/A

-31.1%

MACKAY UNIT SALES (p) ROCKHAMPTON & LIVINGSTONE LAND SALES (p)

FRASER COAST (LGA 35) ~

FRASER COAST (LGA) ^ ~

BURRUM HEADS ~

MAR 15 MAR 15

TOOGOOM ~

WONDUNNA *

<$250,000

GLENWOOD ^ ~<$250,000

$140,000

13$77,500 N/A

RIVER HEADS ~

N/A

$149,000 5 N/A 3 $95,000 N/A 3 1 N/A $105,500 5.5% 0

-36.7% -27.7%

N/A

-7.1%

1.8%

-8.1%

$158,000

$250,000+ $350,000+ $350,000+ $500,000+ $250,000+ N/A N/A $65,000 -5.8% -15.0%

TOWNSVILLE UNIT SALES (p) MACKAY LAND 21 $122,500SALES 22.5%(p) $114,000 54

18 9

DEC$122,000 14 MAR 1.7%15 $121,000 DEC 14 MAR 15 N/A

N/A

-4.5%

$250,000+ $350,000+ $350,000+ $500,000+ $250,000+

CAIRNS & DOUGLAS UNIT SALES (p) TOWNSVILLE LAND SALES (p) 205 83

-10.4%

-9.9%

17 18

6 <$250,000 <$250,000

$105,000

0.8%

41 24

GLADSTONE UNIT SALES (p) BUNDABERG LAND SALES (p) 9

$231,250

N/A

GYMPIE ~

$250,000+ $350,000+ $350,000+ $500,000+ $250,000+

24 QUEENSLAND MARKET MONITOR

-0.5%

$140,000

$245,500

-17.0%

4.0%

N/A

GYMPIE (LGA) ~

-2.5%

GYMPIE (LGA) ^

$195,000

SURROUNDS

MAR 15 MAR 15

-21.4%

MURGON

39 10

$165,000

DEC$275,000 14 MAR 15 $260,000 -7.1%

NANANGO

NIKENBAH

BUNDABERG UNIT SALES (p) FRASER COAST LAND SALES (p) 21

2 4

DEC 14 DEC 14

$250,000+ $350,000+ $350,000+ $500,000+ $250,000+

DEC 14 DEC 14

KANDANGA ^ RAINBOW BEACH

1943 - VACANT LAND SALES MARKET

+ 0+

1YR 5YR CHANGE CHANGE

GYMPIE

FRASER COAST UNIT SALES (p) TOOWOOMBA LAND SALES (p)

m+ 0+

ANNUAL MEDIAN SALE

SURROUNDS

QTRLY CHANGE

Average vendor discounting is likewise trending downwards, with the region’s unit market recording the highest improvement of all major regional centers over the year. UNIT PRICEPOINTS On the Fraser Coast, vacancy levels increased slightly to 2.3 pre cent over the three months to March. According to local agents, tenant enquiry levels remain strong and TOOWOOMBA UNIT SALES (p) with minimal investor activity, vacancies are expected to MAR 15 remain at current levels. DEC 14

MEDIAN SALE

DEC 14 DEC 14

MAR 15 MAR 15

REGIONAL MARKET UPDATES

RENTAL MARKET - 3 BED HOUSES POST CODE

RENTAL MARKET - 2 BED UNITS

MAR-15 LOCALITYL

$/WEEK

MAR-14

NEW BONDS $/WEEK

NEW BONDS

FRASER COAST REGIONAL

$280

309

$280

336

4650

ALDERSHOT

$260

114

$250

134

4655

BOORAL

$300

170

$290

188

4659

BEELBI CREEK

$270

$250

GYMPIE REGIONAL

$260

161

$260

211

4570

AMAMOOR

$260

119

$260

4580

COOLOOLA

$280

4581

EURONG

$300

4600

BLACK SNAKE

4601

POST CODE

MAR-15 LOCALITYL

$/WEEK

MAR-14

NEW BONDS $/WEEK

NEW BONDS

FRASER COAST REGIONAL

$240

171

$225

168

4650

ALDERSHOT

$195

$185

4655

BOORAL

$260

119

$240

121

GYMPIE REGIONAL

$215

$208

4570

AMAMOOR

$210

$204

173

4580

COOLOOLA

$220

$225

$265

4581

EURONG

$250

N.A.

SOUTH BURNETT REGIONAL

$185

$190

$210

N.A.

4605

BARLIL

$155

BARAMBAH

$180

4610

ALICE CREEK

$190

$200

SOUTH BURNETT REGIONAL

$230

162

$240

143

4615

BARKER CREEK FLAT

$160

N.A.

4605

BARLIL

$220

$225

4606

CHARLESTOWN

$200

$225

4608

CHARLESTOWN

$210

N.A.

4610

ALICE CREEK

$250

$260

4615

BARKER CREEK FLAT

$230

RENTAL MARKET - 3 BED TOWNHOUSES 4655 4570

BUNDABERG

FRASER COAST REGIONAL

$330

$310

BOORAL

$330

$320

GYMPIE REGIONAL

$250

$275

AMAMOOR

$250

N.A.

In the December 2014 QMM, the REIQ forecast imminent green shoots in Bundaberg and this has proven accurate.

According to local agents, first home buyers are amongst the most active in the Bundaberg region.

A significant level of optimism is colouring the real estate sector, with Council approvals up significantly and a new raft of subdivisions springing up across the Bundaberg region.

Despite the lift in sales activity across the house market, all other market indicators show that Bundaberg is still stabilizing, with average days on market stretching out by a further 16 days compared to a year ago.

The local economy has improved and, anecdotally, agents are reporting that even though there was a flat period following the change of government in January, confidence is returning and a good supply of product is coming to the market.

Average vendor discounting also increased slightly from 6.8 per cent in 2014 to 8 per cent over the year to the end of February of 2015.

Additionally, after a question mark hovered over the gas pipeline project, Labor gave it the green light in March and now pegs are in the ground, outlining the route it will take. This will give a substantial injection of jobs and money into the economy. Other major projects that would provide additional boosts to the area include the $73 million port development and the $93 million upgrade to the Rubyanna Wastewater Treatment Plant. A new Bunnings outlet opened at the start of the year and the new Masters outlet is a step closer with the construction company lodging plans with Bundaberg Regional Council, adding to the optimism in the community. HOUSE MARKET

Reflecting similar themes across much of regional Queensland, the Bundaberg market is experiencing steady market conditions with hints of improving sales activity over the March quarter this year. Preliminary house sales numbers were up by 6 per cent compared with the previous quarter along with the improving median house price, which was up by 2.9 per cent, to $283,000 however still remains the most affordable major regional center.

UNIT MARKET

The unit and townhouse market continues to experience easing of conditions with all indicators suggesting that apartment sales have been sluggish compared with housing market data. The median unit price for the March quarter in Bundaberg was $231,000, down 12.6 per cent compared with the previous quarter. However, this drop was largely influenced by an increase in sales in the sub-$250,000 price point. Days on market and vendor discounting also point to a slow unit market, with days on market increasing from 109 in 2014 to 152 in 2015 and vendor discounting increasing from 6.1 per cent to 8.5 per cent. However, according to local agents proposed infrastructure projects – especially the port development, if it goes ahead – should position Bundaberg as a thriving business centre with export and import activity delivering increased commerce through the region. This they say should cascade positive effects into the unit market as young couples move to Bundaberg for new employment opportunities and seeking to get into a very affordable apartment market.

MARCH QUARTER 2015

REGIONAL MARKET UPDATES

HOUSE PRICEPOINTS RENTAL MARKET - 3 BED HOUSES

SALES MARKET - HOUSES

BRISBANE CITY HOUSE SALES (p) ANNUAL NUMBER OF SALES

SUBURB

MEDIAN SALE

DEC 14

QTRLY CHANGE

MAR 15

BUNDABERG (LGA)

219

$283,000

1,922 2.9%

BUNDABERG (LGA) ^ ~

$320,000

-6.2%

AVENELL HEIGHTS

$262,500

AVOCA

BARGARA

788 $330,000 753

BRANYAN ^

$405,000

129 8

130

BUNDABERG EAST

BUNDABERG NORTH ~<$350,000 6 BUNDABERG SOUTH BUNDABERG WEST

$280,000

1.8%

-0.5%

$350,000

1.4%

2.2%

-5.9%

$259,000

-8.8%

-7.5%

12.6%

$328,000

8.0%

2.5%

10.4%

$367,000

0.5%

-0.8%

1,840

N/A

$394,500

$252,000

N/A

$244,000

N/A $350,000+

332

0.4% 24712.7%

-6.2%

-12.2%

N/A $233,000 $500,000+

33.9% $1m+

-6.8%

N/A

$240,000

14.3%

-2.6%

N/A

$292,500

N/A

INCLUDES IPSWICH, LOGAN, MORETON 13 $253,000 N/A BAY & REDLAND $297,500

ELLIOTT HEADS

-12.5%

MAR 15$355,000 N/A

5.7%

0.9%

7 N/A N/A SALES $305,000 1,276 BRISBANE CITY UNIT (p) 1,079 10 1,234 $251,750 -1.3% $271,000 1,078

-13.5%

-15.9%

3.3%

-3.1%

DEC N/A 14

KALKIE KEPNOCK

11.0%

1.2%

INNES PARK

MILLBANK

NORVILLE

DEC N/A 14

MAR 15$240,000 N/A

-6.3%

-2.5%

N/A

$223,500

-13.7%

-8.8%

1.3%

0.5%

$270,000

-3.6%

0.0%

SVENSSON HEIGHTS

571 770 8116.6% $266,500

THABEBAN

N/A

WALKERVALE

$233,000

1.3%

WOODGATE

<$350,000 47

NORTH BURNETT (LGA)

3 N/A 310 342

$350,000+

N/A

540 $263,250

$235,000 0.0% 19 0.0% 427 468 22 $432,500

$500,000+

6 N/A N/A $145,000 GOLD COAST HOUSE SALES (p)

<$250,000 $250,000+ $350,000+ $500,000+ DEC 14 MAR 15

N/A

-7.9%

$1m+

4671

BOOLBOONDA

DEC 14 1375.5% MAR 15$144,000 $145,000 47

BUNDABERG (LGA) ~

48 21

100 $350,000+ $143,000

BARGARA

BRANYAN *

119

0.3%

6.7%

$1m+ 3.2%

6.0%

N/A

36 N/A

4635 $167,000

-0.9%

1.2%

N/A

$137,000

3 N/A

Bundaberg has some improvement vacancy levels, down 0.3 percentage points to493 4.1 per cent at the end March. 431 LAND SALES (p) 419 BRISBANE SURROUNDS According to88local62agents, the Bundaberg market is a Includes IPSWICH, LOGAN, MORETON BAY & REDLAND 55 321 46 bit up and down but looks to be14stabilising, DEC MAR 15 with tenant 239 344 339 202 demand improving. 179 165 <$350,000 $350,000+ $500,000+ $1m+

Weekly rents according RTA figures have remained 33 32 (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by CoreLogic RP Data. relatively stable with three-bedroom houses commanding $1m+ about $280<$250,000 a week, $250,000+ down59just$350,000+ the previous 81$5 from$500,000+ 29 affordable rent 19 most quarter. This, along with Cairns, is the 4 3 of all the majorSUNSHINE regionalCOAST centres. & NOOSA UNIT SALES (p) $500,000+

Correspondingly, in Bundaberg, 231 with a house and a unit gross yields that are 215 attracting221 GOLD COAST LAND SALES (p) roughly the same, at around 5177 per cent. DEC 14

91 97

$285

316

$285

357

$260

26 46

196

$250

4625

ARANBANGA

$235

87 $260

4626

BEERON

$200

$230

4630

BANCROFT

$180

$230

<$350,000

$350,000+

BUNDABERG REGIONAL 4670

$350,000+

$230

NORTH BURNETT REGIONAL

DEC 14

MAR 15

185

$165

DEC 14

MAR 15

$240

182

$240

177

$200

227

BUNDABERG REGIONAL 4670

ABBOTSFORD

DEC 14 MAR 15 $300 19 52 $300 19 70 60

$290

28 <$350,000

$350,000+

$500,000+

BUNDABERG HOUSE SALES (p) $250,000+ DEC 14

$350,000+ MAR 15

$500,000+

<$2

157

FRASER COAST UNIT SALES (p)

PRICEPOINTS DECLAND 14 MAR 15 47 TOOWOOMBA 33 LAND SALES (p)

19 16 DEC 14

<$350,000

MAR 15

$350,000+

6 1

GLADSTONE HOUSE SALES (p) <$250,000

$250,000+ DEC 14 2

$350,000+ 4MAR 15

$500,000+

50 <$350,000 44

$250,000+ 2

$350,000+

$500,000+

$250,000+ DEC 14 MAR 15

$500,000+

GLADSTONE UNIT SALES (p)

<$250,000

DEC 14 4

<$2

$350,000+

BUNDABERG LAND SALES (p)

MAR 15

$350,000+ 7

<$250,000

47 UNIT 47 SALES (p) 44BUNDABERG <$250,000 $250,000+ $350,000+ DEC 14 MAR 15 21 19 FRASER COAST LAND SALES (p)10 16 10 DEC 14 8

$500,000+

SUNSHINE COAST & NOOSA LAND SALES (p) 26 QUEENSLAND MARKET MONITOR

TOOWOOMBA UNIT SALES (p) RENTAL MARKET - 3 BED TOWNHOUSES 202

$500,000+

FRASER COAST HOUSE SALES $230 181 (p) UNIT PRICEPOINTS

ABBOTSFORD

MAR 15 4

$250,000+

RENTAL MARKET - 2 BED UNITS

101

...proposed infrastructure 18 36 projects...should position <$250,000 $250,000+ $350,000+ $500,000+ $1m+ 17 9 9 9 8 Bundaberg as a thriving (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by CoreLogic RP Data. business centre... <$250,000

403

$270

$250

MAR 15 116

$285

10 N/A

& NOOSA SALESN/A (p) 23 35.3% $156,500 N/A HOUSE $169,000 19SUNSHINE 18 10 COAST 14 <$250,000 $250,000+ $350,000+ $500,000+ $1m+ MOORE PARK BEACH 5 N/A N/A $144,000 0.0% N/A DEC 14 MAR 15 459 443 445 GOLD COAST UNIT426 SALES (p) RENTAL MARKET <$250,000 $250,000+ $350,000+ $500,000+ DEC 14 MAR 15 KALKIE *

$250,000+ $350,000+ DEC yields 14 MAR gross rental are15up

200

$500,000+$144,200 N/A 86

<$250,000

239

NEW BONDS

$275

$215

239

BUNDABERG (LGA) ^ <$350,000

DEC 14$280 MAR 15361

NORTH BURNETT REGIONAL

159

36.5%

237 BRISBANE CITY LAND SALES (p) 117 SALES MARKET -54VACANT LAND 58

ABBOTSFORD

<$250,000

2.9%

256

4670

-9.5%

BARGARA ~ f

225

271 ABINGTON

MAR-14

NEW BONDS $/WEEK

-1.9%

-15.9% MAR 15$355,000

$/WEEK

BUNDABERG REGIONAL 4660

1.8%

INCLUDES IPSWICH, 541 LOGAN, 532 MORETON BAY & REDLAND

$317,500 DEC 14

MAR-15

TOOWOOMBA HOUSE SALES (p)

LOCALITYL

$1m+

SALES MARKET - UNITS & TOWNHOUSES 667 629 BRISBANE SURROUNDS UNIT SALES (p) BUNDABERG (LGA) ~ f 36 $231,500 -12.6% $265,000 9.3% 12

CODE

12.0%

5 N/A N/A $297,500 BRISBANE SURROUNDS HOUSE SALES 13.1% (p)

BURNETT HEADS

SURROUNDS

MEDIAN SALE

POST 1YR 5YR CHANGE CHANGE

<$250,000

0 $250,000+ 0

<$250,000

$350,000+

$500,000+ 0

$250,000+

MAR 15

$350,000+

GLADSTONE LAND SALES (p) DEC 14

<$2

19 58

100

18 54

<$350,000

86 46

$350,000+

$500,000+

117 14

23 119

$1m+

6 10

<$250,000 $250,000+ $350,000+ $500,000+ $1m+ <$250,000 $250,000+ $350,000+ $500,000+

GLADSTONE

<$250,000 <$250,000

SUNSHINE COAST & NOOSA HOUSE SALES (p) GOLD COAST UNIT SALES (p)

The March quarter 2015 saw conditions DECcontinued 14 MAR steady 15 BRISBANE SURROUNDS LAND SALES (p) DEC 14MORETON MAR 15 for the Gladstone residential property market 445 with 443 Includes459 IPSWICH, LOGAN, BAY & REDLAND 426 14 MAR 15 493DEC both house and unit sales activity remaining relatively 431 344 419 339 unchanged. 321

51 16 44

<$350,000

<$250,000 <$250,000

215 activity

231

14 221MAR 15 hasDEC declined some

Whilst investor local investors 91 177 who know the Gladstone market well are still active. More 73 first home buyers are emerging given the price 116 corrections 101 97 being seen83and the current low interest rates, according to 36 local agents. 35 9 9 8 Confidence is said to be beginning to return after9 a difficult <$250,000 $250,000+Local $350,000+ $1m+ 12 months for the region. agents$500,000+ are expecting the <$250,000 $250,000+ $350,000+of 2015, $500,000+ market to remain steady for the remainder with the (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by CoreLogic RP Data. Gladstone returning to its usual port, industrial and rural activities thatSUNSHINE had beenCOAST overshadowed by theSALES LNG(p) boom. & NOOSA LAND

HOUSE MARKET 52

DEC 14

MAR 15 47 MAR 15

19 8

7 4

2$350,000+ 2

1$500,000+ 1

$250,000+ $350,000+ $500,000+ $250,000+ $350,000+

GLADSTONE UNIT SALES (p) BUNDABERG LAND SALES (p) 9

DEC 14

MAR 15

DEC 14

MAR 15

7 48 5

4 2

<$250,000 <$250,000

0 0 0 0 0 0 $250,000+ $350,000+ $500,000+ $250,000+ $350,000+

GLADSTONE LAND SALES (p)

MAR 15

49 median house price saw an increase of Gladstone’s 6.5 per cent over the March quarter on the back of an increase in activity in the price point. 26 $500,000-plus 26

DEC 14 47 DEC 14

$250,000+ $350,000+ $500,000+ $250,000+ $350,000+

21 44 50

<$250,000 $350,000+ to$500,000+ $1m+ Gladstone’s rental $250,000+ market continues improve$500,000+ with rental <$250,000 $250,000+ $350,000+

(p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by CoreLogic RP Data.

2 0$500,000+

GLADSTONE HOUSE SALES (p) BUNDABERG UNIT SALES (p) DEC 14 MAR 15 FRASER COAST LAND SALES (p)

LNG construction 239 projects continue to approach 202 179 88however completion, a new $700 million165oil refinery is55said 62 46 81 to have been mooted with construction to potentially begin 59 33 32 29 19 in 2017. <$350,000 4 3 $350,000+ $500,000+ $1m+ price corrections bringing local tenants who once had to SUNSHINE COAST NOOSA UNITback SALES (p) the resort to share-housing or live&out of town into GOLD COAST LAND SALES (p) Gladstone rental market. DEC 14 MAR 15

1 REGIONAL MARKET 0 UPDATES

4 2$350,000+

<$350,000

DEC 14

MAR 15

20 15

15 14 quarter, 13 local Although sales activity was down over the 2 2 agents say activity was picking up towards the end of the 0 0 quarter, particularly at the lower end of the market. With $250,000+ $500,000+ to <$250,000 $250,000+ $350,000+ first home<$250,000 buyers becoming more$350,000+ active, the $280,000 $380,000 price range has been generating good interest. This is likely contributing to the annual median house (p) Preliminary. See explanatory notes for further information. Source: REIQ, data provided by CoreLogic RP Data. Local agents say that vendors are having to meet the price dropping 10.7 per cent. Compared to five years ago market more if they want to sell, which is behind the however, Gladstone’s median house price is up 2.5 per increase in average vendor discounting rate, up 3.3 cent. percentage points to 13.6 per cent over the year to Average vendor discounting and average days on market February 2015. for house sales have both levelled off, further indicating RENTAL MARKET stable conditions for Gladstone’s house market. Gladstone’s rental market meanwhile continues to UNIT MARKET improve, with its fifth consecutive drop in vacancy rates. With next to no investor activity and owner-occupiers With median rents returning to pre-boom times, housing typically targeting the house market, sales activity in affordability is now the key driver behind the recovery in Gladstone’s unit and townhouse market continues to drop tenant demand in the region. off with the region now recording fewer than 13 sales over According to statistics from the Residential Tenancies the quarter. Authority, median rents across all property types have According to local agents, at the peak of the market, unit fallen between $140 and $255 since rents peaked in over prices were nudging the $500,000 mark with a lot of new the 2012-2013 financial year. stock on the market but they have since dropped back to With little investor activity, the excess supply is gradually pre-boom times. This is evident in the significant drop in being absorbed by tenants who had formerly resorted to the region’s annual median unit sale price which is down share housing or had moved out of town in search of more 26.6 per cent and 10.7 per cent compared to one and five affordable rentals, according to local agents. years ago. The outlook for the region remains relatively steady with On a positive note, the total number of listings for the approximately 300 properties from mining company stock year ending February is down 21 per cent compared to said to be released back onto the private rental market in a year ago along with improvements in the average days slow increments over the next year or so. on market, which bodes well for the region’s unit and

townhouse market. MARCH QUARTER 2015

REGIONAL MARKET UPDATES

SALES MARKET - HOUSES NUMBER OF SALES

SUBURB

SALES MARKET - VACANT LAND MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

NUMBER OF SALES

SUBURB

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

GLADSTONE (LGA) ~

111

$379,500

6.5%

$375,000

-10.7%

2.5%

GLADSTONE (LGA) ~

$175,000

-12.7%

$190,000

-9.1%

GLADSTONE (LGA) ^ ~

$530,000

6.0%

$472,500

-9.6%

6.2%

GLADSTONE (LGA) ^

N/A

AGNES WATER ^ ~

N/A

$347,500

-11.2%

-12.0%

KIRKWOOD ~ *

N/A

$195,000

-20.2%

9.6%

BOYNE ISLAND

$370,000

N/A

$420,000

-8.2%

7.7%

CALLIOPE

N/A

$380,000

-12.5%

1.3%

CLINTON

$366,250

7.1%

$355,000

-11.3%

-3.5%

GLEN EDEN

N/A

$429,000

-6.7%

KIN KORA

N/A

$349,500

-11.5%

-1.2%

KIRKWOOD ~

$420,000

N/A

$430,500

-17.8%

N/A

NEW AUCKLAND

N/A

$369,000

-10.5%

-3.9%

SOUTH GLADSTONE ~

N/A

$323,500

-19.1%

-2.3%

TANNUM SANDS ~

$364,000

-18.2%

$425,000

-9.4%

TELINA

N/A

$400,000

1.3%

3.8%

WEST GLADSTONE ~

$275,500

-7.4%

$315,000

-18.9%

-2.5%

BANANA (LGA)

N/A

$255,000

-3.8%

BILOELA ~

N/A

$313,250

11.9%

9.9%

5.6%

RENTAL MARKET - 3 BED HOUSES POST CODE

DEC-14 $/WEEK

LOCALITYL

DEC-13

NEW BONDS $/WEEK

NEW BONDS

GLADSTONE REGIONAL

$300

274

$350

322

4677

AGNES WATER

$300

4680

GLADSTONE

$300

249

$360

296

BANANA SHIRE

$250

$300

4715

BILOELA

$320

4718

BAUHINIA

$220

$250

RENTAL MARKET - 2 BED UNITS

SURROUNDS

SALES MARKET - UNITS & TOWNHOUSES GLADSTONE (LGA) * t

$236,000

-3.5%

$310,000

-26.6%

-10.7%

GLADSTONE REGIONAL

$250

229

$300

234

4677

AGNES WATER

$250

$310

4680

GLADSTONE

$250

224

$300

227

BANANA SHIRE

$250

$240

4715

BILOELA

$270

$260

4718

BAUHINIA

$160

N.A.

RENTAL MARKET - 3 BED TOWNHOUSES 4680

ROCKHAMPTON

In Rockhampton the March quarter this year has seen slowly but surely improvements in the market with local agents noticing a slight pickup in sales activity Key to this improvement is first home buyers with many doing their sums and recognising that now is the opportune time to buy instead of rent. Rockhampton’s affordable house prices and the low interest rate are helping many first home buyers make that decision.

GLADSTONE REGIONAL

$350

109

$400

127

GLADSTONE

$340

106

$400

127

the sub-$350,000 price range remains the predominant price point, preliminary numbers in the $350,000 to $500,000 were up on the previous quarter as were sales in the $500,000 plus. Average days on market remain above that recorded a year ago however they look to be stabilising; while the average vendor discounting rate has increased slightly to 8.9 per cent. With listing numbers still 30 per cent down on a year ago many vendors will likely continue to wait for signs the Rockhampton sales market has improved before we see any recovery in total listings.

The local rural economy is also said to be growing in confidence with the beef industry in particularly performing strongly. Local agents say increasing cattle prices and the low Australian dollar are providing a much needed boost.

UNIT MARKET

This confidence is expected to help underpin the Rockhampton property market, with early signs that a recovery may not be too far away. With the ongoing drought however still impacting many parts of Queensland, a little bit of rain would be the extra boost Rockhampton could do with.

Following a dip in activity over the December quarter, unit sales over the first three months of 2015 rebounded back to levels seen over the September quarter. Sales within the new developments in the Rockhampton CBD along the river have dropped off, which has contributed to the region’s median unit sale price fall of 11.4 per cent.

While sales activity over the year is still markedly down with HOUSE PRICEPOINTS many vendors choosing to wait out the bottom of the cycle, the March quarter results indicate that the market may HOUSE SALES (p) finally be about toTOOWOOMBA turn the corner. HOUSE MARKET 271

DEC 14

MAR 15

239 Over the March quarter, preliminary house sales numbers 200 196 edged up 4 per cent; while the median house price recorded an encouraging increase of 2 per cent compared 87 to the previous quarter. 70

According to local agents first home buyers are the most active however some interstate investors are reportedly <$350,000 $350,000+ $500,000+ still keeping an interest in the region. While houses within FRASER COAST HOUSE SALES (p)

28 QUEENSLAND MARKET MONITOR

DEC 14

MAR 15

ROCKHAMPTON & LIVINGSTONE HOUSE SALES (p) 142

DEC 14

MAR 15

133

72 19

<$350,000

$350,000+

MACKAY HOUSE SALES (p) DEC 14

MAR 15

$500,000+

REGIONAL MARKET UPDATES

ROCKHAMPTON CONTINUED These new developments however have changed the scope of Rockhampton’s unit market which has pushed the annual median up 6.2 per cent compared to a year ago and 34.6 per cent compared to five years ago. Over the quarter the affordable end of the market was also a contributing factor to the region’s quarterly median sale price result, with preliminary sales numbers in the sub$250,000 price point more than doubling that recorded over the December quarter. RENTAL MARKET

Rockhampton’s vacancy rate at the end of March showed signs of improvement, down 0.8 percentage points to 4.4 per cent. Whilst the vacancy rate has fluctuated somewhat over recent quarters, the oversupply seen has been trending downwards since vacancies peaked at 7 per cent in December 2013. Local agents say confidence is slowly returning to the Rockhampton market however some investor activity from interstate is continuing to add to supply. Given the current rental market conditions, median rents have softened with three and four bedroom houses recording a fall of $10 compared to the March quarter last year. Gross house yields however have held improved to 5.2 per cent on the back of easing median sale prices over the year.

SALES MARKET - HOUSES SUBURB

NUMBER OF SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

ROCKHAMPTON (LGA)

170

$300,000

2.0%

$292,000

-4.3%

ROCKHAMPTON (LGA) ^

N/A

$377,500

-0.7%

0.0% 7.1%

ALLENSTOWN

N/A

$247,500

-7.0%

-4.8%

BERSERKER

$233,500

0.6%

$235,000

-6.0%

-0.4%

FRENCHVILLE

$330,000

5.8%

$329,000

-3.8%

1.2%

GRACEMERE

$293,000

-11.2%

$320,000

-4.3%

1.6%

KAWANA

N/A

$312,500

-1.7%

4.2%

KOONGAL

N/A

$247,000

-8.5%

MOUNT MORGAN ~

N/A

$93,750

-27.3%

-34.8%

NORMAN GARDENS

$417,500

-9.2%

$415,000

7.8%

PARK AVENUE ~

$286,500

17.7%

$265,000

-3.8%

2.1%

THE RANGE

$360,000

4.3%

$360,000

-1.4%

-1.0%

WANDAL ~

$299,000

-12.1%

$305,000

10.9%

7.0%

WEST ROCKHAMPTON

N/A

$255,000

-0.4%

-1.9%

SURROUNDS CENTRAL HIGHLANDS (LGA) ~

$200,000

-12.1%

$287,500

-22.3%

-16.7%

BLACKWATER

$130,000

N/A

EMERALD ~

$265,000

-10.2%

$319,500

-19.9%

-15.0%

LIVINGSTONE (LGA) ~

$382,500

5.5%

$376,000

-1.7%

1.6%

LIVINGSTONE (LGA) ^

$525,000

-0.9%

$500,000

1.0%

7.9%

LAMMERMOOR

N/A

$430,000

-1.7%

-1.1%

YEPPOON ~

$400,000

15.1%

$355,000

-4.1%

3.3%

ZILZIE

N/A

$395,000

7.2%

5.2%

SALES MARKET - UNITS & TOWNHOUSES ROCKHAMPTON (LGA) * f

$310,000

-11.4%

$361,125

6.2%

34.6%

ROCKHAMPTON CITY * f

N/A

$442,500

N/A

-14.1%

SURROUNDS LIVINGSTONE (LGA) ~ f

$224,194

-25.0%

$281,750

-22.4%

-4.5%

YEPPOON ~ f

N/A

$260,000

-25.6%

-12.6%

ZILZIE *

$178,415

N/A

37.2%

SALES MARKET - VACANT LAND

ROCKHAMPTON & LIVINGSTONE LAND SALES (p) DEC 14

MAR 15

4 <$250,000

$250,000+

$350,000+

MACKAY LAND SALES (p) ROCKHAMPTON & LIVINGSTONE UNIT SALES (p) DEC 14 DEC 14

23 30

MAR 15 MAR 15

18 12 11 6

<$250,000 <$250,000

3 $250,000+ $250,000+

2 7

0 4 $350,000+

$350,000+

ROCKHAMPTON (LGA) ~ *

$170,000

41.1%

$171,500

2.7%

ROCKHAMPTON (LGA) ^

N/A

GRACEMERE ~

N/A

$146,500

-1.0%

33.2%

NORMAN GARDENS *

$172,500

N/A

$183,900

2.2%

8.2%

SURROUNDS LIVINGSTONE (LGA)

$174,000

-0.6%

$171,000

0.6%

6.9%

PARKHURST

N/A

$172,000

0.6%

N/A

TAROOMBALL *

N/A

$180,000

N/A

20.0%

ZILZIE

N/A

$169,000

0.6%

5.6%

RENTAL MARKET - 3 BED HOUSES POST CODE

MAR-15 LOCALITYL

$/WEEK

MAR-14

NEW BONDS $/WEEK

NEW BONDS

ROCKHAMPTON REGIONAL

$300

274

$310

307

4700

ALLENSTOWN

$290

$320

104

4701

BERSERKER

$300

169

$315

194

4714

BAREE

$220

$200

LIVINGSTONE SHIRE

$300

171

$320

200

4702

ALBERTA

$280

$300

105

4703

ADELAIDE PARK

$330

$360

4710

EMU PARK

$300

$340

CENTRAL HIGHLANDS REGIONAL

$240

123

$300

122

4717

BLACKWATER

$200

$275

4720

EMERALD

$260

$320

4723

CAPELLA

$200

$290

$500,000+

TOWNSVILLE LAND SALES (p) 83

MACKAY UNIT SALES DEC 14 MAR 15(p) DEC 14

MAR 15

MARCH QUARTER 2015

REGIONAL MARKET UPDATES

ROCKHAMPTON & LIVINGSTONE HOUSE SALES (p)

TOOWOOMBA HOUSE SALES (p)

DEC 14 RENTAL MARKET - 2 BED UNITS 271

POST CODE

239

$/WEEK

200

ROCKHAMPTON REGIONAL

$235

4700

ALLENSTOWN

4701

MAR-14

NEW BONDS $/WEEK

196

NEW BONDS

212

$240

207

$260

$255

BERSERKER

$230

141

$240 87

166

LIVINGSTONE SHIRE

$280

$300

4702

ALBERTA

$200

$183

4703

ADELAIDE PARK

$280

$300

4710

EMU PARK

$495

247

1m+

LOCALITYL

DEC 14 MAR 15 RENTAL MARKET - 3 BED TOWNHOUSES 142

MAR 15 MAR-15

<$350,000

$350,000+ 6

$500,000+3

N.A.

CENTRAL HIGHLANDS REGIONAL

$190

$250

4717

BLACKWATER

$120

$210

4720

EMERALD

$200

$250

FRASER COAST HOUSE SALES (p) DEC 14 202

133

POST CODE

ROCKHAMPTON REGIONAL 4701 4703 4720

1m+

60$360

1m+

(p)

N.A.

2 18

ADELAIDE PARK

$300

19$350 22

CENTRAL HIGHLANDS REGIONAL

$280

$350

EMERALD

$280

$350

<$350,000

$350,000+

$500,000+

MACKAY HOUSE SALES (p)

MAR 15 83

23 13

As local agents had expected, the first quarter for 2015 saw <$350,000 $350,000+ $500,000+ an improvement in the Mackay market with sales activity up across all property types. Sales numbers now appear BUNDABERG SALES (p) hovering to be levelling out, with the trendHOUSE in sales activity around the 200 preliminary DEC house for four 14 sales MAR mark 15 consecutive quarters. 157

Local agents say that whilst prices have seen a12correction 11 back to pre-boom times, the Mackay real estate looks to be $350,000+ in a position of <$350,000 stability with the outlook for the$500,000+ balance of 2015 much brighter than it was this time last year. HOUSEand SALES Given the softening ofGLADSTONE property prices an(p)abundant supply of listings, first homeDEC buyers are becoming more 14 MAR 15 active, as are some astute investors who are taking 51 47 47 advantage of the affordable prices. 44

HOUSE MARKET

19 the Following a dip in activity over the December quarter, 10 with an Mackay house market made some ground back 55 increase of 18 per cent in sales activity over the March quarter this year. With an improvement in sales activity <$350,000 $350,000+ $500,000+ 1m+ in the $500,000-plus price point, Mackay’s median house price ed by CoreLogic RP Data. was up 4.1 per cent.

House sales in the sub-$350,000 bracket are said to be achieving the most positive results for vendors with the reappearance of first home buyers in Mackay. Indicative of the current state of the market however, the region’s annual median is down 6.9 per cent compared to the previous year. House listing numbers over the year to February have levelled out however according to local agents there still remains in oversupply. As such current active buyers are in no hurry to make a decision which is behind the extended average days on market which has blown out to 103 days. Average vendor discounting likewise has pushed out further to over 10 per cent.

30 QUEENSLAND MARKET MONITOR

$440

DEC 14

N.A.

MAR 15

In a bid to improve Mackay’s current economic climate, the local council is said to be helping Mackay diversify into other industries such as tourism, education and health. 119

NEW BONDS

$320

MAR-14

NEW BONDS $/WEEK

LIVINGSTONE SHIRE

227

MACKAY

159

N.A.

BERSERKER

MAR-15 $/WEEK

LOCALITYL

<$350,000

$350,000+

$500,000+

TOWNSVILLE HOUSE SALES (p) UNIT AND TOWNHOUSE MARKET DEC 14 MAR 15 Unit and townhouse sales over the March quarter also 222 saw an increase200 in activity with the most improvement seen in the sub-$250,000 price 166 165 point.

According to local agents, vendors who have held their property for a long period of time are achieving positive 65 51 sales results. However those that bought within the last year, particularly off-the-plan sales are hurting from the <$350,000that are currently $350,000+ price corrections taking $500,000+ place. Over the year to February average vendor discounting has CAIRNSthan & DOUGLAS HOUSE up SALES pushed out further house sales, 4.4(p) percentage points to 13.7 per cent –DEC making Mackay the most 14 MAR 15 discounted of all the major regions in Queensland. 245

214 also increased, with units Average days on market have and townhouses now taking nearly a month longer to sell 161 158 than they did a year ago. According to local 103agents the 87 ongoing costs for strata insurance and body corporate fees is really impacting on this segment of Mackay’s residential market. <$350,000

RENTAL MARKET

$350,000+

$500,000+

Early signs of stabilisation are being seen in Mackay at long last with the vacancy rate coming down 0.4 percentage points to 9.4 per cent at the end of March. Median weekly rents in Mackay have also come down from their peak in late 2012, which bodes well for local Mackay residents, and hopefully the trend seen in Gladstone will also play out in Mackay. While this price correction may not bode well for investors rental yields, this should help bring the vacancy rate back down to much more healthier levels. With rental and sale prices softening, the impact on current gross yields hasn’t been as pronounced. Over the year to February 2015, current gross yields for Mackay house rentals were 4.3 per cent, down from 4.8 per cent a year ago. Meanwhile gross yields for units and townhouses has remained unchanged at 4.8 per cent over the year with both rental prices and sale prices softening in relatively equal proportion.

REGIONAL MARKET UPDATES

RENTAL MARKET - 3 BED HOUSES

SALES MARKET - HOUSES

POST NUMBER OF SALES

SUBURB

MEDIAN SALE

ANNUAL MEDIAN SALE

QTRLY CHANGE

1YR 5YR CHANGE CHANGE

MACKAY (LGA) ~

205

$385,000

4.1%

$390,000

-6.9%

-0.8%

MACKAY (LGA) ^

$430,000

0.6%

$450,000

-12.6%

-4.5%

ANDERGROVE

$356,000

-2.5%

$365,000

-8.8%

-7.6%

BEACONSFIELD

$359,500

N/A

$379,500

-10.9%

-4.4%

BLACKS BEACH

N/A

$435,000

-1.9%

-4.7%

BUCASIA

$354,000

N/A

$406,000

-2.6%

-3.3%

EAST MACKAY

N/A

$382,500

-8.9%

3.4%

EIMEO

$403,500

N/A

$414,500

-10.9%

-7.9%

GLENELLA

$495,000

N/A

$479,000

-6.1%

-4.2%

MARIAN

N/A

$463,500

-1.0%

18.1%

MOUNT PLEASANT

N/A

$400,000

-7.0%

-4.8%

NORTH MACKAY

$287,500

-12.9%

$315,000

-14.9%

-6.0%

OORALEA

N/A

$455,000

-5.7%

3.4%

RURAL VIEW

$470,000

N/A

$449,500

-8.1%

0.3%

SARINA

N/A

$280,000

-12.5%

SLADE POINT ~

N/A

$302,500

-18.2%

-14.8%

SOUTH MACKAY

N/A

$347,500

-6.2%

-0.1%

CODE

NEW BONDS

$320

407

$370

388

4737

ARMSTRONG BEACH

$300

$360

4740

ALEXANDRA

$320

322

$380

308

4741

BALL BAY

$270

$335

4750

BUCASIA

$335

$350

4751

GREENMOUNT

$320

$350

4753

DEVEREUX CREEK

$300

ISAAC REGIONAL

$250

134

$300

148

4721

CLERMONT

$290

$330

4742

BURTON

$250

N.A.

4744

MORANBAH

$270

$325

4745

DYSART

$150

$195

4746

GERMAN CREEK

$300

N.A.

WHITSUNDEY REGIONAL

$300

129

$340

141

4800

ANDROMACHE

$360

$340

4802

AIRLIE BEACH

$375

$395

4804

COLLINSVILLE

$170

$300

4805

BINBEE

$280

$300

WALKERSTON

$411,000

-2.1%

$420,000

-1.9%

-5.6%

WEST MACKAY

$338,000

-0.6%

$345,000

-6.9%

-2.3%

MACKAY REGIONAL

$230

320

$290

353

ISAAC (LGA) ~

$215,000

43.3%

$215,000

-38.6%

-46.9%

4737

ARMSTRONG BEACH

$200

$270

MORANBAH ~

$208,500

N/A

$217,000

-40.1%

-50.2%

4740

ALEXANDRA

$235

289

$295

303

4750

BUCASIA

$170

$280

4751

GREENMOUNT

$225

$270

ISAAC REGIONAL

$250

$60

WHITSUNDAY (LGA) ~

$405,000

5.9%

$380,000

-1.3%

-1.0%

RENTAL MARKET - 2 BED UNITS

WHITSUNDAY (LGA) ^ ~

N/A

$525,000

12.4%

14.8%

BOWEN ~

$310,000

-15.4%

$346,250

-0.4%

-1.1%

4721

CLERMONT

$170

CANNONVALE

$429,850

-1.2%

$438,000

-1.7%

-2.2%

4744

MORANBAH

$325

$60

PROSERPINE ~

N/A

$265,500

-21.9%

-24.1%

WHITSUNDEY REGIONAL

$260

160

$300

139

4800

ANDROMACHE

$210

$220

4802

AIRLIE BEACH

$285

101

$305

4805

BINBEE

$250

$300

SALES MARKET - UNITS & TOWNHOUSES MACKAY (LGA) ~ f

$250,000

-31.5%

$305,000

-1.6%

0.0%

MACKAY ~ f

N/A

$292,844

-16.1%

4.6%

SURROUNDS WHITSUNDAY (LGA) ~

$252,500

5.2%

$310,000

-3.1%

-6.1%

AIRLIE BEACH

N/A

$396,000

5.0%

-25.2%

CANNONVALE

N/A

$253,750

1.5%

-18.9%

LAND PRICEPOINTS SALES MARKET - VACANT LAND 31 $195,000 -4.2% UNIT $202,000 -2.4% ROCKHAMPTON & LIVINGSTONE SALES (p) LAND 2TOOWOOMBA N/A N/A SALES N/A (p) N/A

MACKAY (LGA) ~ MACKAY (LGA) ^

SURROUNDS WHITSUNDAY (LGA)

CANNONVALE

DEC 14 MAR 15 DEC 14 MAR 15

12.8% N/A

$150,000

N/A

$164,750

7.0%

6.3%

N/A

$164,500

11.1%

2.8%

12 11

N.A.

RENTAL MARKET - 3 BED TOWNHOUSES MACKAY REGIONAL

$320

$380

ALEXANDRA

$320

$380

ISAAC REGIONAL

$335

$325

4721

CLERMONT

$375

$350

4744

MORANBAH

$350

$60

WHITSUNDEY REGIONAL

$300

$380

4800

ANDROMACHE

$330

N.A.

4802

AIRLIE BEACH

$300

$380

4740

ROCKHAMPTON & LIVINGSTONE LAND SALES (p) DEC 14

MAR 15

10 7

0,000+ 000+

MAR-14

NEW BONDS $/WEEK

MACKAY REGIONAL

SURROUNDS

MAR-15 $/WEEK

LOCALITYL

<$250,000$250,000+ $250,000+ <$250,000 $350,000+

$350,000+ $500,000+

<$250,000

MACKAY UNITLAND SALESSALES (p) (p) FRASER COAST 19 44

DEC 1414 DEC

$250,000+

$350,000+

MACKAY LAND SALES (p)

MAR 1515 MAR

DEC 14

MAR 15

30 13

18 6 0

0,000+ 000+

<$250,000 $250,000+$250,000+ <$250,000 $350,000+

$350,000+ $500,000+

TOWNSVILLE UNIT SALES (p) (p) BUNDABERG LAND SALES 54

DECDEC 14 14 MAR 15 15 MAR

3 1

1 <$250,000

$250,000+

$350,000+

TOWNSVILLE LAND SALES (p)

MARCH QUARTER 2015

DEC 14

MAR 15

1m+

$1m+

)

REGIONAL MARKET UPDATES <$350,000

$350,000+

$250,000+

$350,000+

BUNDABERG HOUSE SALES (p) LAND PRICEPOINTS

$500,000+

23 119

3 1m+

$1m+ 00+

(p)

47 Townsville 33

$250,000+

$350,000+

GLADSTONE HOUSE SALES Similar to what is being seen in Mackay and(p) Gladstone BUNDABERG UNIT SALES (p) vendors who have held ontoDEC their 14 properties MAR 15 for the longer FRASER COAST LAND SALES (p) who are term are achieving positive results whilst those 51

selling within five21years 44 of 50 at a profit. 16

DEC 14 MAR 15 47 47are struggling ownership DEC 14 MAR 15

to sell

GLADSTONE UNIT SALES (p)

However the balanceBUNDABERG of 2015 they say,SALES will essentially be LAND (p) DEC 14 MAR 15 continued subdued conditions as many vendors continue 9 DEC 14 MAR 15 to wait out the bottom of the market. 748

HOUSE MARKET 29

$1m+ 00+

While Townsville looked to be on the road to recovery with 2 an upswing in house sales over the September quarter last 0 year, the following six months saw the Townsville0 market 0 0 0 0 return to more patchy conditions. <$250,000 $250,000+ $350,000+ $500,000+ <$250,000

$250,000+

$350,000+

Over the March quarter house sales numbers dropped ded by CoreLogic RP Data. further by 9 per cent, while the median house price remained relatively steady, down justSALES 0.7 percentage GLADSTONE LAND (p) points to $350,000. Over the year to March however, DEC 14 MAR 15 the effect of the slower market is more evident with the 20 region’s annual median down 1.4 and 4.1 per cent over the one and five years15respectively. 15

00+

<$250,000

Local agents say its not all bad news with prime, wellpositioned property are seeing consistent results, whereas 2 2 0 secondary stock is taking longer to0 sell. <$250,000 $250,000+ Whilst average vendor discounting for house$350,000+ sales has nudged down further to 8 per cent, average days on market have remained relatively steady at around 90 days.

CoreLogic RP Data.

UNIT MARKET

Over the March quarter, Townsville’s unit and townhouse market saw an increase in activity predominantly within the sub-$250,000 and sub-$350,000 price points. This improvement in activity however is largely on the back of softening prices, according to local agents, as many vendors have to accept a price lower than they paid. It is likely that it is this segment of the market that is behind the increase in average vendor discounting for unit sales, up 0.4 percentage points to 9.4 per cent over the year to February.

32 QUEENSLAND MARKET MONITOR

$350,000+

$250,000+

$500,000+

$350,000+

$500,000+

DEC 14 MAR 15 MACKAY UNIT SALES (p) ROCKHAMPTON & LIVINGSTONE LAND SALES (p) 222 19

DEC 14 MAR 15 DEC 14 166MAR 15 165

200 43

<$250,000 $250,000+ $350,000+ <$250,000 $250,000+

51 5

$350,000+1

<$350,000

$500,000+ 1 0

$500,000+ $350,000+

CAIRNS & DOUGLAS HOUSE SALES (p) TOWNSVILLE SALES DEC 14UNITMAR 15(p) MACKAY LAND SALES (p) DEC 14 MAR 15 245 DEC 14 MAR 15 214

30 158

39161

With minimal investor activity, first home buyers in 19 10 8 space7 and with Townsville have some breathing 10prices now 55 4 the plunge. more affordable, many are said to be taking 2 3 33 32 Meanwhile local<$350,000 agents say its2$350,000+ only2 a matter of1$500,000+ time1 before 3 1m+ upgraders recognize the $250,000+ current interest rate environment <$250,000 $350,000+ $500,000+ $1m+ 00+ <$250,000 $250,000+ and affordable house prices is a good time to $350,000+ make the ed by CoreLogic RP Data. move.

(p)

<$350,000

According to local agents the region continues 12 current 11 to struggle to find its feet with confidence and the 6 6 business climate resulting in inconsistent activity1 overall. 4 0 <$350,000 $500,000+ 2$350,000+ Volumes are said to be there but the market is 0yet to2 see much improvement. <$250,000 $250,000+ $350,000+ $500,000+ <$250,000

TOWNSVILLE HOUSE SALES (p)

FRASER DEC COAST SALES 14 UNIT MAR 15 (p)

7 3

The first quarter of 2015 saw the Townsville TOOWOOMBA LAND SALES residential (p) DEC 14 conditions. MAR 15 159 157 market record continued steadying Sales activity DEC 14 MAR 15on market also 28 subdued, continues to remain while time 34 remains steady for both house and unit listings. 27 19

$500,000+

TOWNSVILLE <$250,000

17 18

103 87 20 16

6 1

<$350,000

$350,000+

<$250,000 $250,000+ $350,000+ <$250,000 $250,000+

$500,000+ 0

$500,000+ $350,000+

CAIRNS & DOUGLAS UNIT SALES (p) TOWNSVILLE LAND SALES (p) DEC 14

DEC 14

205 83 165

MAR 15

32 31

<$250,000 $250,000+ $350,000+ <$250,000 $250,000+

23 18 2 1 $500,000+ $350,000+

CAIRNS & DOUGLAS LAND SALES (p)

Over the year to March some suburbs such as Cranbrook 14 MAR 15 and Douglas recorded anDEC increase in sales activity, two 69 64 affordable suburbs for units and of Townsville’s more townhouses. RENTAL MARKET 11 In Townsville, ongoing unemployment levels continue 6 3 2 to have a negative impact on the rental market, with the vacancy rate up 1.2 percentage points since December, to <$250,000 $250,000+ $350,000+ 5.9 per cent at the end of March.

According to local agents, the region continues to have an oversupply of rental properties, with tenant demand remaining weak on the back of a slow local economy. In a bid to keep vacancies to a minimum, agents are said to be keeping their landlords informed on the current state of the market. While this is resulting in a softening of asking rents, median rents according to the RTA have only come back around $20 compared to 12 months ago.

REGIONAL MARKET UPDATES

SALES MARKET - HOUSES SUBURB

NUMBER OF SALES

SALES MARKET - VACANT LAND MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

SUBURB

NUMBER OF SALES

MEDIAN SALE

ANNUAL MEDIAN SALE

QTRLY CHANGE

1YR 5YR CHANGE CHANGE

TOWNSVILLE (LGA)

438

$350,000

-0.7%

$355,000

-1.4%

-4.1%

TOWNSVILLE (LGA)

$165,000

-1.2%

$161,500

-2.1%

TOWNSVILLE (LGA) ^

$440,000

2.3%

$440,000

5.4%

2.3%

TOWNSVILLE (LGA) ^ ~

N/A

$191,000

-2.1%

-1.5% -6.8%

AITKENVALE

$289,500

N/A

$305,000

-1.6%

-9.0%

BOHLE PLAINS

N/A

$161,000

-1.1%

-3.3%

ALICE RIVER ^

$577,000

N/A

$512,000

13.3%

7.8%

BURDELL *

N/A

$160,000

7.1%

-11.1%

ANNANDALE

$415,000

-1.9%

$420,000

-2.3%

-7.7%

BUSHLAND BEACH

N/A

$150,000

-7.7%

0.7%

BOHLE PLAINS

N/A

$420,000

-2.3%

-5.6%

DEERAGUN

N/A

$166,900

N/A

11.3%

BURDELL

$378,500

-10.7%

$419,750

-3.5%

11.2%

KELSO

N/A

$135,450

N/A

-5.9%

BUSHLAND BEACH

$405,000

-4.1%

$415,000

-0.4%

-1.2%

MOUNT LOUISA

N/A

$189,375

8.2%

13.1%

CONDON

$272,500

-8.4%

$281,000

-5.7%

-14.8%

MOUNT LOW

$167,000

3.7%

$161,000

1.9%

1.3%

COSGROVE

N/A

$404,675

N/A

OONOONBA

N/A

$160,500

-1.5%

N/A

CRANBROOK

$290,000

0.0%

$290,000

-2.4%

-12.1%

SHAW

N/A

$154,000

N/A

CURRAJONG

$265,500

N/A

$267,500

-14.4%

-17.2%

DEERAGUN

N/A

$320,000

0.5%

-4.5%

DOUGLAS

$375,000

-5.1%

$395,000

-3.7%

-4.1%

RENTAL MARKET - 3 BED HOUSES

GULLIVER

$295,000

N/A

$302,000

2.4%

0.7%

POST

HEATLEY

$245,000

N/A

$269,000

-8.8%

-11.9%

CODE

HERMIT PARK

N/A

$360,000

-5.0%

-7.0%

IDALIA

$531,000

1.1%

$510,000

6.3%

3.9%

KELSO ~

$270,000

-19.5%

$297,500

5.5%

KIRWAN

$342,500

-0.7%

$347,500

MOUNT LOUISA

$360,000

-1.4%

MUNDINGBURRA

N/A

NORTH WARD

OONOONBA

MAR-15 LOCALITYL

$/WEEK

MAR-14

NEW BONDS $/WEEK

NEW BONDS

TOWNSVILLE CITY

$330

788

$350

759

4810

BELGIAN GARDENS

$350

-5.6%

4811

IDALIA

$330

-0.7%

-8.6%

4812

CURRAJONG

$325

$330

$370,000

-8.6%

-5.0%

4814

AITKENVALE

$340

245

$350

251

N/A

$380,000

1.6%

2.0%

4815

CONDON

$300

121

$319

132

N/A

$571,000

-2.1%

2.9%

4816

ALLIGATOR CREEK

$320

$260

N/A

$307,500

N/A

4817

KIRWAN

$335

122

$360

119

RAILWAY ESTATE

N/A

$335,000

1.5%

-2.0%

4818

DEERAGUN

$330

103

$350

RASMUSSEN ~

$394,500

46.7%

$286,000

-2.7%

-4.7%

4819

MAGNETIC IS

$300

$285

SHAW

N/A

$430,000

3.2%

N/A

BURDEKIN SHIRE

$270

$260

SOUTH TOWNSVILLE

N/A

$342,500

-1.4%

-8.1%

4806

ARKENDEITH

$260

$250

THURINGOWA CENTRAL

N/A

$317,000

-0.9%

-5.4%

4807

AIRVILLE

$280

$270

WEST END

$360,000

-5.3%

$360,000

-6.0%

-5.3%

4808

BRANDON

$230

$260

WULGURU

$285,000

N/A

$295,000

-7.8%

-9.2%

CHARTERS TOWERS REGIONAL

$240

$270

RICHMOND HILL

$240

$270

HINCHINBROOK SHIRE

$250

ABERGOWRIE

$250

4820 SURROUNDS 4850

BURDEKIN (LGA) ~

$250,000

35.1%

$200,000

-4.8%

-12.5%

AYR

$204,500

N/A

$235,000

-1.1%

-3.5%

CHARTERS TOWERS (LGA) ~

$170,000

-11.7%

$176,000

-9.7%

-20.7%

RENTAL MARKET - 2 BED UNITS TOWNSVILLE CITY

$275

884

$285

810

HINCHINBROOK (LGA)

N/A

$227,500

-6.2%

-12.5%

4810

BELGIAN GARDENS

$295

405

$300

394

INGHAM

N/A

$223,750

-7.7%

-5.8%

4811

IDALIA

$320

$330

4812

CURRAJONG

$240

190

$260

167

4814

AITKENVALE

$295

123

$290

109

4815

CONDON

$240

$300

SALES MARKET - UNITS & TOWNHOUSES TOWNSVILLE (LGA) ~

136

$272,500

-6.0%

$275,000

-1.8%

-16.7%

4817

KIRWAN

$265

$285

BELGIAN GARDENS *

N/A

$310,000

N/A

7.3%

4818

DEERAGUN

$224

$230

CRANBROOK

N/A

$230,500

N/A

4819

MAGNETIC IS

$300

DOUGLAS ~

N/A

$290,000

N/A

-7.1%

BURDEKIN SHIRE

$200

NELLY BAY f *

N/A

$375,000

21.0%

-26.5%

4806

ARKENDEITH

$185

N.A.

NORTH WARD ~ f

$283,500

-37.0%

$295,000

-4.5%

-19.7%

4807

AIRVILLE

$210

$200

PIMLICO

$309,000

N/A

$259,250

N/A

1.7%

CHARTERS TOWERS REGIONAL

$230

$205

ROSSLEA

N/A

$220,000

-2.2%

-33.7%

RICHMOND HILL

$230

$205

SOUTH TOWNSVILLE ~ f

$522,500

-13.6%

$526,808

30.9%

35.6%

HINCHINBROOK SHIRE

$180

N/A

TOWNSVILLE CITY ~ f

$302,500

-13.6%

$379,000

6.4%

-24.2%

ABERGOWRIE

$180

$190

WEST END

N/A

$205,000

0.6%

-36.5%

4820 4850

RENTAL MARKET - 2 BED TOWNHOUSES TOWNSVILLE CITY

$275

$295

4810

BELGIAN GARDENS

$300

$295

4812

CURRAJONG

$265

$280

4814

AITKENVALE

$300

MARCH QUARTER 2015

1m+ 3

$1m+ 0,000+ (p)

6 REGIONAL MARKET <$350,000 UPDATES

$350,000+

$500,000+ 1 0

2 2 0 <$250,000 $250,000+ $350,000+ $500,000+ <$250,000GLADSTONE $250,000+ HOUSE SALES (p)$350,000+

CAIRNS

55 32

7 Cairns 4

With continued improvement in the market, more 3 vendors are said to be growing confident which is 2seeing <$350,000 $350,000+ $500,000+ 2 2 listing numbers increase in the house market. 1 1

3 $1m+ Local ed by CoreLogic RP Data. 0,000+

<$250,000 $250,000+ $350,000+ $500,000+ agents say 2015 will be either an excellent year should <$250,000 $250,000+ $350,000+

major projects, such as the Aquis Casino Resort, go ahead. GLADSTONE UNIT SALESshould (p) A number of other developments however see the BUNDABERG SALES (p) region continue to record healthy market conditions moving DEC 14LAND MAR 15 9 forward. DEC 14 MAR 15

(p)

$1m+ 00,000+

48 Sales activity was 7relatively stable over the March quarter 5 for house sales, however unit sales were down significantly 4 4 29 say is the typical which local agents seasonal trend for the 2 Cairns unit market. 0

HOUSE MARKET

Over the were relatively stable with the median house sale price also remaining unchanged at $390,000.

ded by CoreLogic RP Data.

(p)

00,000+

4$350,000+

House listings over the year to February saw a strong 2 with houses selling 2 nearly improvement in time on market, 0 0 two weeks quicker than they did the previous year. This <$250,000 $350,000+ was the largest improvement $250,000+ of all major regional centres including Brisbane. UNIT MARKET

$500,000+

1 1 0 <$250,000 $250,000+ $350,000+ $500,000+ <$250,000 $250,000+ $350,000+ CAIRNS & DOUGLAS HOUSE SALES (p)

DEC 14UNITMAR 15 (p) TOWNSVILLE SALES

MACKAY LAND SALES (p) DEC 14 MAR 15

54 39161

214 DEC 14 41

158 30

245

MAR 15

103

17 18

<$350,000

$350,000+ 1

<$250,000 <$250,000

$250,000+ $350,000+ $250,000+

87 16

$500,000+ 2

0 $500,000+ $350,000+

CAIRNS & DOUGLAS UNIT SALES (p)

TOWNSVILLE SALES DEC 14 LAND MAR 15 (p) DEC 14

205 83165

MAR 15

32 31

<$250,000 <$250,000

GLADSTONE LAND SALES (p)

According to local agents the top end of the market is DECproperties 14 MAR 15 improving with some notable coming onto 20 the March quarter the $350,000 to the market. Over $500,000 price point15was up on the December quarter and continues to be the main selling price point.

<$350,000

0 0 0 0 <$250,000 $250,000+ $350,000+ $500,000+ March quarter, preliminary numbers <$250,000 $250,000+house sales $350,000+

BUNDABERG SALES DEC 14 UNIT MAR 15 (p)

Cairns residential property market continued to strengthen FRASER COAST SALES 51 DEC4714 LAND MAR 15 (p) 47 over the March quarter improvements across 44 with further 21 DEC 14 MAR most market indicators. Cairns is now the15fastest selling 50 16overtaking tourism region, the Gold Coast for average days 44 19 on market for both house 10 and unit sales.

1m+

1 $250,000+ $350,000+ $250,000+

23 18

2 1 $500,000+ $350,000+

CAIRNS & DOUGLAS LAND SALES (p) 69

DEC 14

MAR 15

11 <$250,000

$250,000+

$350,000+

ed by CoreLogic RP Data.

After trending upwards since the start of 2013, sales numbers over the March quarter dropped off significantly compared to the December quarter 2014 (down 15 per cent in Cairns LGA and down 44 per cent in Douglas LGA). The largest drop in activity was recorded in the sub$250,000 price point with 20 per cent less preliminary sales recorded compared to the December quarter. However with this being the predominant selling price point, Cairns median unit and townhouse sale price was not impacted by this drop in activity and was in fact up 5.5 per cent over the quarter. According to local agents this trend in sales activity is typical for this time of year. With increasing investor interest in the region, they believe the outlook for Cairns’ unit and townhouse market looks very promising. Similar to the house market, Cairns unit market saw an improvement in average days on market, down 16 days to 86 over the year to February, making Cairns’ unit and townhouse market the second fastest selling regional centre after Toowoomba.

34 QUEENSLAND MARKET MONITOR

RENTAL MARKET

Cairns’ rental market also continues to perform strongly however vacancy rates were up slightly by 0.2 percentage points to 2.4 per cent at the end of March. While still under 2.5 per cent, this is the highest vacancy rate the region has recorded since March 2012. Local agents report investors still offloading properties into the sales market, which is keeping a lid on rental supply levels. The residential market as a whole is said to have plateaued somewhat but demand for rental properties remains strong. According to the latest figures from the RTA, median weekly rents over the March quarter remained steady for house rentals, however three-bedroom townhouses recorded an increase of $20 to $330 per week compared to the March quarter last year.

REGIONAL MARKET UPDATES

SALES MARKET - HOUSES SUBURB

NUMBER OF SALES

SALES MARKET - UNITS & TOWNHOUSES (CONT’D) MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

NUMBER OF SALES

SUBURB

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

CAIRNS (LGA)

468

$390,000

0.0%

$387,000

5.2%

6.9%

PARRAMATTA PARK

$151,000

N/A

$222,000

12.4%

-13.3%

CAIRNS (LGA) ^ ~

$635,000

18.1%

$585,000

6.4%

-0.8%

WESTCOURT ~

N/A

$235,000

30.2%

-26.7%

BAYVIEW HEIGHTS ~

$356,500

-20.5%

$387,500

4.7%

7.3%

WHITE ROCK ~

N/A

$229,500

-11.6%

-11.3%

BENTLEY PARK

$316,000

-13.8%

$349,950

8.2%

4.5%

WOREE ~

$129,500

-5.8%

$142,000

20.9%

-16.5%

BRINSMEAD

$465,250

4.6%

$425,000

11.8%

4.9%

YORKEYS KNOB

N/A

$218,000

-3.3%

5.0%

BUNGALOW ~

N/A

$350,000

20.7%

11.1%

TRINITY BEACH ~ f

$245,000

25.6%

$245,000

10.1%

-20.0%

CAIRNS NORTH

N/A

$417,500

3.7%

N/A

CARAVONICA

N/A

$360,000

-4.3%

6.2%

SURROUNDS

CLIFTON BEACH

N/A

$527,500

11.1%

8.8%

DOUGLAS (LGA) ~ f

$240,000

32.6%

$240,000

0.0%

-4.0%

EARLVILLE

$345,000

-1.7%

$350,000

12.2%

2.6%

PORT DOUGLAS ~ f

$230,000

27.1%

$222,500

-1.1%

-7.3%

ATHERTON

$215,500

N/A

17.8%

EDGE HILL ~

$460,000

-14.7%

$485,000

14.4%

13.1%

EDMONTON

$352,500

5.2%

$345,000

10.6%

2.2%

SALES MARKET - VACANT LAND

FRESHWATER

N/A

$515,000

N/A

15.7%

GORDONVALE

$275,000

5.8%

$285,000

-8.1%

-5.5%

CAIRNS (LGA) ~

$190,500

-8.0%

$199,000

9.6%

HOLLOWAYS BEACH

N/A

$373,500

4.6%

4.5%

CAIRNS (LGA) ^ ~

N/A

$270,000

20.0%

-6.9%

KANIMBLA

N/A

$475,000

3.8%

2.2%

EDMONTON

N/A

$138,000

N/A

10.4%

KEWARRA BEACH

$440,000

6.0%

$430,000

6.4%

4.9%

REDLYNCH

N/A

$212,000

15.5%

21.1%

MANOORA

N/A

$280,000

5.3%

-6.7%

SMITHFIELD

$183,500

-5.7%

$191,000

14.4%

-4.3%

MANUNDA

$355,000

12.7%

$326,250

5.2%

-1.1%

TRINITY BEACH

N/A

$192,000

10.0%

7.3%

MOOROOBOOL ~

$360,000

-15.3%

$359,000

15.4%

5.6%

TRINITY PARK

N/A

$225,000

N/A

35.3%

N/A

$84,000

-16.0%

-40.0%

MOUNT SHERIDAN

$365,000

-1.5%

$362,500

6.6%

6.1%

PARRAMATTA PARK

N/A

$387,500

7.6%

-5.5%

SURROUNDS

REDLYNCH

$475,000

5.6%

$450,500

7.8%

8.8%

CASSOWARY COAST (LGA)

SMITHFIELD

$390,000

-13.2%

$405,000

9.0%

7.7%

TRINITY BEACH

$480,000

0.5%

$470,000

13.3%

17.5%

DOUGLAS (LGA) *

N/A

$147,000

27.8%

5.0%

TRINITY PARK

$410,000

N/A

$430,000

11.0%

14.7%

ROCKY POINT *

N/A

$162,000

N/A

WESTCOURT

N/A

$332,500

3.4%

3.9%

WHITE ROCK

$336,000

12.8%

$305,000

12.5%

11.7%

MAREEBA (LGA)

N/A

$90,000

N/A

-9.1%

WHITFIELD ~

$565,000

-1.5%

$550,000

17.6%

22.2%

MAREEBA

N/A

$91,500

7.6%

-8.5%

WOREE ~

N/A

$342,500

22.3%

3.8%

CASSOWARY COAST (LGA)

$250,000

2.0%

$243,500

-1.4%

-8.1%

CASSOWARY COAST (LGA) ^ ~

N/A

$302,500

-13.6%

SURROUNDS

DOUGLAS (LGA)

$415,000

4.0%

$380,000

0.1%

-1.7%

CRAIGLIE

N/A

$465,000

N/A

RENTAL MARKET - 3 BED HOUSES

MOSSMAN

N/A

$282,500

N/A

POST

PORT DOUGLAS ~

N/A

$526,250

16.4%

8.5%

CODE

WONGA

N/A

$286,250

N/A

MAR-15 LOCALITYL

$/WEEK

MAR-14

NEW BONDS $/WEEK

$350

NEW BONDS

CAIRNS REGIONAL

$360

398

4861

BABINDA

$260

N.A.

482 4

MAREEBA (LGA) ~

$275,000

10.0%

$276,000

10.4%

0.4%

4865

GOLDSBOROUGH

$340

$330

MAREEBA (LGA) ^ ~

$430,500

7.0%

$430,000

4.2%

4.9%

4868

BAYVIEW HEIGHTS

$350

$330

KURANDA ^

$425,000

-1.2%

$435,000

-0.3%

-4.4%

4869

BENTLEY PARK

$330

MAREEBA ~

$275,000

0.5%

$280,000

16.7%

0.0%

4870

AEROGLEN

$370

152

$350

173

MAREEBA ^

N/A

$438,000

11.2%

N/A

4878

BARRON

$360

$365

4879

BUCHAN POINT

$400

$380

DOUGLAS SHIRE

$320

TABLELANDS (LGA)

$290,000

-2.4%

$287,500

-0.9%

-4.2%

TABLELANDS (LGA) ^ ~

$380,750

-7.9%

$393,500

8.7%

0.9%

4873

BAILEY CREEK

$315

$300

ATHERTON

$295,000

-4.1%

$300,000

-6.3%

-9.1%

4877

CRAIGLIE

$400

TOLGA ^

N/A

$425,000

N/A

CASSOWARY COAST REGIONAL

$290

114

$285

112

YUNGABURRA

N/A

$322,000

N/A

CARDWELL

$280

$300

4852

BINGIL BAY

$325

$350

4854

BILYANA

$290

$320

4860

BAMBOO CREEK

$280

TABLELANDS REGIONAL

$290

$280

SALES MARKET - UNITS & TOWNHOUSES CAIRNS (LGA) ~

240

$219,500

5.5%

$217,200

3.4%

-16.5%

BUNGALOW

N/A

$146,500

11.6%

-24.9%

4872

BARRINE

$300

$280

CAIRNS CITY ~ f

$265,000

-27.4%

$275,000

-29.1%

-34.0%

4882

TOLGA

$295

$300

CAIRNS NORTH ~

$244,000

8.4%

$225,000

4.7%

-25.0%

4883

ATHERTON

$290

$295

CLIFTON BEACH

N/A

$255,000

N/A

-16.4%

4884

LAKE BARRINE

$330

$300

EARLVILLE ~

N/A

$167,000

-20.5%

N/A

4885

BUTCHERS CREEK

$280

EDGE HILL

N/A

$164,500

2.8%

-15.6%

4888

EVELYN

$275

$250

EDMONTON

N/A

$144,750

N/A

MAREEBA SHIRE

$300

FRESHWATER

N/A

$247,250

N/A

-8.4%

4880

ARRIGA

$300

HOLLOWAYS BEACH

N/A

$183,000

10.6%

N/A

4881

KOAH

$360

$350

MANOORA

$155,000

6.9%

$153,000

5.5%

-22.7%

MANUNDA * t

N/A

$150,000

11.1%

-23.1%

MOOROOBOOL ~

N/A

$237,500

39.7%

2.9%

PALM COVE ~

$237,200

-20.9%

$272,500

18.5%

-26.4%

MARCH QUARTER 2015

REGIONAL MARKET UPDATES

RENTAL MARKET - 2 BED UNITS POST CODE

RENTAL MARKET - 2 BED TOWNHOUSES MAR-15

$/WEEK

LOCALITYL

MAR-14

NEW BONDS $/WEEK

POST

NEW BONDS

CODE

MAR-15 LOCALITYL

$/WEEK

MAR-14

NEW BONDS $/WEEK

NEW BONDS

CAIRNS REGIONAL

$270

109

$260

4868

BAYVIEW HEIGHTS

$280

$220

4870

AEROGLEN

$265

$270

$250

4878

BARRON

$260

$230

533

$280

535

4879

BUCHAN POINT

$280

$300

$290

$270

DOUGLAS SHIRE

$300

$280

BUCHAN POINT

$310

128

$300

158

CRAIGLIE

$300

$280

DOUGLAS SHIRE

$280

4873

BAILEY CREEK

$200

$195

4877

CRAIGLIE

$290

$280

CASSOWARY COAST REGIONAL

$200

$205

4852

BINGIL BAY

$230

4854

BILYANA

$210

$250

4860

BAMBOO CREEK

$193

$190

TABLELANDS REGIONAL

$230

$210

ATHERTON

$235

$220

MAREEBA SHIRE

$250

$216

ARRIGA

$250

$215

CAIRNS REGIONAL

$290

869

4865

GOLDSBOROUGH

$220

N.A.

4868

BAYVIEW HEIGHTS

$250

4869

BENTLEY PARK

$250

4870

AEROGLEN

$290

4878

BARRON

4879

4883 4880

$280

880

4877

OTHER REGIONAL RENTAL MARKET - 2 BED UNITS

SALES MARKET - HOUSES

POST NUMBER OF SALES

SUBURB

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

SOUTH WEST MARANOA (LGA)

N/A

$285,000

-1.7%

12.9%

ROMA ~

$291,250

-7.5%

$305,000

-4.7%

15.1%

CHARLEVILLE ~

N/A

$110,000

-15.1%

-24.9%

LONGREACH (LGA)

N/A

LONGREACH

N/A

$225,000

-8.2%

-6.3%

NORTH WEST 25

$350,000

-2.8%

$351,000

-6.4%

6.4%

SALES MARKET - VACANT LAND TABLELANDS (LGA)

N/A

$102,000

N/A

-15.0%

ATHERTON

$103,000

N/A

$100,000

N/A

-20.0%

ROMA

N/A

$165,000

3.1%

N/A

RENTAL MARKET - 3 BED HOUSES SOUTH WEST BALONNE SHIRE

$240

ST GEORGE

$240

$250

MARANOA REGIONAL

$350

$400

4417

SURAT

$182

N.A.

4455

ROMA

$350

$425

MURWEH

$230

CHARLEVILLE

$230

LONGREACH

$260

$275

BRIXTON

$260

$280

CLONCURRY SHIRE

$360

$380

CLONCURRY

$360

$380

MOUNT ISA CITY

$430

110

$500

ALEXANDRIA

$430

110

$500

4487

4470

CENTRAL WEST 4730

NORTH WEST 4824 4825

FAR NORTH COOK SHIRE

$280

4871

ALMADEN

$240

$250

4895

BLOOMFIELD

$330

$300

36 QUEENSLAND MARKET MONITOR

MAR-15 LOCALITYL

$/WEEK

MAR-14

NEW BONDS $/WEEK

NEW BONDS

SOUTH WEST 4455

MARANOA REGIONAL

$280

$300

ROMA

$280

$300

CLONCURRY SHIRE

N/A

CLONCURRY

$220

$275

MOUNT ISA CITY

$290

$345

ALEXANDRIA

$290

$345

COOK SHIRE

$250

N/A

BLOOMFIELD

$265

$250

CENTRAL WEST NORTH WEST 4824

CENTRAL WEST

MOUNT ISA (LGA)

CODE

4825

FAR NORTH 4895

ON THE MARKET INDICATORS

ON THE MARKET INDICATORS HOUSES LGA

TOTAL LISTINGS

12MTHS ENDING FEB

2015*

% STOCK ON MARKET

2014*

2015*

CHANGE OVER YEAR TOTAL % STOCK ON DAYS ON VENDOR LISTINGS MARKET MARKET* DISCOUNT*

DAYS ON MARKET* VENDOR DISCOUNT*

2014*

2015*

2014*

2015*

2014*

BRISBANE SD

45,061

40,547

7.1%

6.6%

-5.7%

-6.0%

11%

0.6%

-8

0.3%

BRISBANE

20,505

18,559

6.7%

6.1%

-5.6%

-5.7%

10%

0.6%

-8

0.1%

IPSWICH

4,512

3,901

7.4%

6.5%

-6.6%

-7.1%

16%

0.9%

-8

0.5%

LOGAN

6,486

5,753

7.4%

6.7%

-5.7%

-6.1%

13%

0.7%

-6

0.4%

MORETON BAY

9,670

8,667

7.4%

7.1%

-5.3%

-5.9%

12%

0.4%

-9

0.5%

REDLAND

3,888

3,667

8.6%

8.1%

-5.8%

-6.0%

0.4%

-4

0.3%

GOLD COAST

10,055

9,128

8.0%

7.7%

-6.0%

-6.3%

10%

0.3%

-7

0.3%

SUNSHINE COAST SD

9,150

8,527

9.3%

9.1%

-5.9%

-6.3%

0.2%

-8

0.5%

FRASER COAST

3,683

3,393

9.9%

9.3%

109

115

-7.8%

-7.6%

0.6%

-6

-0.2%

CAIRNS

3,282

3,221

7.3%

7.2%

-5.8%

-6.3%

0.1%

-13

0.4%

BUNDABERG

3,045

2,801

9.0%

8.5%

-8.0%

-6.8%

0.6%

-1.2%

GLADSTONE

1,720

1,745

7.8%

8.1%

113

119

-9.9%

-9.5%

-1%

-0.3%

-6

-0.5%

MACKAY

2,849

2,813

7.4%

103

-10.5%

-8.0%

0.0%

-2.6%

ROCKHAMPTON

2,392

2,594

8.4%

9.2%

-8.9%

-7.5%

-8%

-0.7%

-1.4%

TOOWOOMBA

4,240

4,014

8.5%

8.2%

-4.7%

-4.8%

0.3%

-8

0.1%

TOWNSVILLE

4,355

4,182

7.3%

7.1%

-8.0%

-7.4%

0.1%

-0.6%

All figures are preliminary, with the exception of Cairns & Rockhampton previous 12 mths figures, where preliminary figures were not available Source: REIQ. Data Supplied by CoreLogic RP Data Suburb Scorecards

QMM DATA

OTM p37-38

Average Days

Average Days On Market - HOUSES *12mths to the end of February Source: REIQ, data supplied by CoreLogic RP Data

*12mths to Source: REIQ, data s

140

160 2014*

2015*

2014*

140

120

2015*

120

100

80 60

-2.0%

Gold Coast

Redland

Logan

Moreton Bay

Ipswich

BRISBANE SD

Townsville

Toowoomba

Mackay

Rockhampton

Gladstone

Bundaberg

Cairns

Fraser Coast

Gold Coast

Sunshine Coast SD

0.0%

Redland

Logan

Moreton Bay

Ipswich

Brisbane

BRISBANE SD

Brisbane

0.0% -2.0%

-4.0% -4.0%

-6.0%

-8.0% -10.0%

-8.0%

-12.0% -10.0%

-14.0% -16.0%

2014*

2015*

Average Vendor Discounting - HOUSES

2014*

2015*

-12.0%

Average Vendor

MARCH QUARTER 2015

ON THE MARKET INDICATORS

UNITS & TOWNHOUSES LGA

% STOCK ON MARKET

TOTAL LISTINGS

12MTHS ENDING FEB

2015*

2014*

BRISBANE SD

13,783

BRISBANE

9,110

IPSWICH

CHANGE OVER YEAR

DAYS ON MARKET*

VENDOR DISCOUNT*

TOTAL % STOCK DAYS ON VENDOR LISTINGS ON MARKET MARKET* DISCOUNT*

2015*

2014*

2015*

2014*

2015*

2014*

11,946

7.6%

6.9%

-5.1%

-5.5%

15%

0.7%

-12

0.4%

7,807

6.8%

6.1%

-4.7%

-5.2%

17%

0.7%

-14

0.5%

471

419

10.6%

10.1%

112

136

-7.3%

12%

0.6%

-24

0.1%

LOGAN

1,491

1,379

10.7%

10.2%

103

-6.1%

-7.1%

0.4%

-6

1.0%

MORETON BAY

2,039

1,739

9.4%

8.6%

100

110

-5.8%

-6.2%

17%

0.8%

-10

0.4%

672

602

9.8%

9.2%

-5.3%

-5.2%

12%

0.6%

-9

-0.1%

GOLD COAST

11,438

10,207

9.6%

8.7%

101

-6.5%

-7.5%

12%

0.8%

-10

1.0%

SUNSHINE COAST SD

4,961

4,591

10.1%

9.3%

105

111

-6.5%

-6.9%

0.8%

-6

0.4%

CAIRNS

1,908

1,953

8.7%

8.9%

102

-7.3%

-7.9%

-2%

-0.2%

-16

0.7%

618

469

13.3%

10.3%

104

140

-5.9%

-7.9%

32%

3.0%

-36

2.0% -2.4%

REDLAND

FRASER COAST BUNDABERG

413

380

11.3%

10.9%

152

109

-8.5%

-6.1%

0.4%

GLADSTONE

250

317

6.7%

10.1%

125

134

-13.6%

-10.4%

-21%

-3.4%

-9

-3.3%

MACKAY

497

482

7.9%

8.5%

146

117

-13.7%

-9.3%

-0.5%

-4.4%

ROCKHAMPTON

184

8.2%

111

104

-8.0%

-5.6%

-0.0%

-2.4%

TOOWOOMBA

573

574

8.2%

9.1%

-4.4%

-0%

-0.9%

-6

-0.0%

TOWNSVILLE

1,299

1,235

10.7%

10.5%

123

124

-9.4%

-9.7%

0.2%

-2

0.4%

QMM DATA

OTM p37-38

Average Days O

Average Days On Market - HOUSES *12mths to the end of February Source: REIQ, data supplied by CoreLogic RP Data

*12mths to th Source: REIQ, data sup

140

160 2014*

2015*

2014*

140

120

2015*

120

100

80 60

-2.0%

Gold Coast

Redland

Logan

Moreton Bay

Ipswich

BRISBANE SD

Townsville

Toowoomba

Mackay

Rockhampton

Gladstone

Bundaberg

Cairns

Fraser Coast

Gold Coast

Sunshine Coast SD

0.0%

Redland

Moreton Bay

Logan

Ipswich

Brisbane

BRISBANE SD

Brisbane

0.0% -2.0%

-4.0% -4.0%

-6.0%

-8.0% -10.0%

-8.0%

-12.0% -10.0%

-14.0% -16.0%

2014*

2015*

Average Vendor Discounting - HOUSES

38 QUEENSLAND MARKET MONITOR

2014*

2015*

-12.0%

Average Vendor

RENTAL MARKET INDICATORS

RENTAL MARKET INDICATORS GROSS YIELDS QUARTER:

HOUSES MAR-15

UNITS

MAR-14

MAR-15

MAR-14

GREATER BRISBANE

RESIDENTIAL VACANCY RATES AS AT END OF:

MAR-15

DEC-14

TREND

STATUS

GREATER BRISBANE

BRISBANE CITY

3.9%

5.0%

BRISBANE SD

2.2%

2.3%

STEADY

TIGHT

IPSWICH CITY

4.9%

5.2%

5.6%

BRISBANE CITY

2.5%

2.9%

DOWN

TIGHT HEALTHY

LOGAN CITY

5.2%

4.9%

6.2%

5.9%

BRISBANE INNER

3.1%

3.8%

DOWN*

MORETON BAY

4.6%

4.5%

4.8%

4.7%

BRISBANE BALANCE

2.2%

2.4%

STEADY

TIGHT

REDLAND CITY

4.3%

5.2%

BRISBANE SURROUNDS

1.9%

1.6%

STEADY

TIGHT

IPSWICH CITY

2.4%

2.5%

STEADY

TIGHT

4.3%

4.5%

5.4%

5.3%

LOGAN CITY

2.1%

2.0%

STEADY

TIGHT

MORETON BAY

TOURISM CENTRES GOLD COAST CITY SUNSHINE COAST

4.5%

5.1%

4.6%

1.3%

1.2%

STEADY

TIGHT

NOOSA

4.0%

N/A

4.9%

N/A

CABOOLTURE

1.5%

1.2%

TIGHT

CAIRNS

5.1%

4.9%

5.2%

4.3%

PINE RIVERS

1.0%

STEADY

TIGHT

FRASER COAST

4.8%

4.9%

6.9%

REDCLIFFE

1.6%

1.8%

STEADY

TIGHT

REDLAND CITY

2.4%

0.8%

UP*

TIGHT

2.4%

0.9%

UP*

TIGHT

N/A

0.4%

N/A

REGIONAL/RESOURCE AREAS BUNDABERG

5.1%

5.5%

5.2%

5.3%

MAINLAND

GLADSTONE

4.1%

4.4%

4.5%

N/A

BAY ISLANDS

MACKAY

4.3%

4.8%

TOURISM CENTRES

ROCKHAMPTON

5.2%

4.9%

3.9%

3.3%

GOLD COAST CITY

1.3%

2.2%

DOWN

TIGHT

TOOWOOMBA

4.6%

4.8%

4.5%

4.7%

SUNSHINE COAST REGION

1.7%

1.1%

UP*

TIGHT

TOWNSVILLE CITY

4.9%

5.0%

5.2%

5.6%

OTHER REGIONAL AREAS

SUNSHINE COAST

1.9%

1.1%

UP*

TIGHT

CALOUNDRA COAST

1.0%

0.6%

TIGHT

BURDEKIN

5.6%

6.3%

N/A

MAROOCHY COAST

1.9%

0.7%

UP*

TIGHT

CASSOWARY COAST

6.0%

6.3%

N/A

HINTERLAND

2.6%

1.9%

UP*

HEALTHY

CENTRAL HIGHLANDS

6.2%

5.0%

N/A

1.0%

1.1%

STEADY

TIGHT

CHARTERS TOWERS

7.3%

6.7%

N/A

FRASER COAST

NOOSA

2.3%

1.9%

TIGHT

2.1%

1.6%

UP*

TIGHT

N/A

2.3%

N/A

2.4%

2.2%

STEADY

TIGHT

DOUGLAS

4.0%

N/A

6.1%

N/A

HERVEY BAY

GOONDIWINDI

6.6%

5.4%

N/A

MARYBOROUGH

GYMPIE

4.9%

5.4%

N/A

CAIRNS

ISAAC

6.0%

N/A

REGIONAL QLD

LIVINGSTONE

4.1%

N/A

6.5%

N/A

BUNDABERG

4.1%

4.4%

STEADY

WEAK

LOCKYER VALLEY

6.0%

6.4%

N/A

GLADSTONE

3.8%

4.2%

DOWN

WEAK

MARANOA

N/A

6.5%

N/A

MACKAY#

9.4%

9.8%

DOWN

WEAK

MAREEBA

5.7%

N/A

ROCKHAMPTON

4.4%

5.2%

DOWN *

WEAK

MOUNT ISA

6.4%

7.1%

N/A

TOOWOOMBA

3.2%

2.3%

UP*

HEALTHY

SCENIC RIM

4.1%

4.7%

N/A

TOWNSVILLE

5.9%

4.7%

UP*

WEAK

SOMERSET

6.2%

5.5%

N/A

OTHER REGIONAL AREAS

SOUTH BURNETT

7.2%

5.6%

N/A

BURDEKIN

5.1%

N/A

WEAK

SOUTHERN DOWNS

5.8%

5.1%

N/A

GYMPIE

2.6%

1.9%

UP*

HEALTHY

TABLELANDS

5.2%

4.9%

N/A

ISAAC

WESTERN DOWNS

4.7%

6.4%

N/A

MOUNT ISA

WHITSUNDAY

3.9%

4.7%

4.6%

5.3%

17.4%

N/A

WEAK

8.6%

9.9%

DOWN*

WEAK

SCENIC RIM

6.3%

N/A

WEAK

WHITSUNDAY

13.5%

8.9%

UP*

WEAK

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 Figures are as at the end of the reporting month. #Mackay Dec-14 adjusted (reporting error)

Market Status: TIght <2.5% Healthy 2.5-3.5% Weak >3.5%

Source: REIQ Residential Rental Survey

Queensland Market Monitor is published by The 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 The Real Estate Institute of Queensland Ltd. Copyright 2014 21 Turbo Drive, Coorparoo, PO Box 1555, Coorparoo DC Q 4151 Data report date: 13 May 2015 Ph: (07) 3249 7347 Fax: (07) 3249 6211 Published date: 9 June 2015 Email: research@reiq.com.au

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