Page 1

REIQ

QUEENSLAND MARKET MONITOR ISSUE 31

JUN QTR 2016

your state-wide property research guide suburb by suburb

QMM STATE-WIDE COMMENTARY

SEQ PROPERTY PERFORMS WELL Affordability, sustainable growth, and favourable lifestyle factors, were three key factors driving southern state investors to the Queensland residential property market in the June quarter, according to data released in the REIQ June Queensland Market Monitor. Parts of the market have become an irresistible lure for first-home buyers and the prevailing market conditions, such as historic low interest rates, affordable home prices, and steady capital growth opportunities, have contributed to fewer tenants and more first-home buyers and owner occupiers getting into some areas of Queensland. Proudly Supported by

The state’s property market continued along its divergent paths, with most of regional Queensland, north of the Sunshine Coast, still experiencing very challenging conditions and the southeast corner generally growing consistently. The stand-out regional markets of Cairns, Toowoomba, the Gold and Sunshine Coasts are performing pretty well, generally speaking, with tight vacancy rates, steady gross rental yields, and rising capital values. >p3


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 end of the quarter reporting 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 least 20 sales for the quarter) at the time of reporting are published. Median price changes are influenced by varying quality of properties sold. N/A Due to insufficient sales numbers (as at the time of data extraction) no median sale price has been calculated. N/D Not displayed due to price movements potentially driven by type of stock transacting.

"Days on Market" is calculated as the median number of days it has taken to sell those properties sold by private treaty during the last 12 months. 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 median 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. "Total Listings" is the total unique number of properties that have been advertised for sale and captured by RP Data over the 12 month period. To be included in the count, the listings have to be matched to an actual address. "% Stock on Market" is the percentage of dwellings within the suburb or local government area that have been listed for sale over the past year. Source: REIQ, data supplied by CoreLogic RP Data (www.corelogic.com.au)

(LGA) Local Government Area Brisbane.

PRICE POINT GRAPHS

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

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

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

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

#

Figures based upon the new council boundaries

^

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

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

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

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

N.A. Due to insufficient new bond lodgements, no median rental price has been calculated Source: Residential Tenancies Authority, Rental Bond lodgements (www.rta.qld.gov.au) 2 QUEENSLAND MARKET MONITOR

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

All figures are based upon all residential rentals as at the end of each quarterly period, as submitted by REIQ accredited agents. N/A Due to insufficient information received no vacancy rate has been calculated. Source: REIQ Residential Rental Survey


STATE-WIDE SUMMARY

STATE-WIDE COMMENTARY

REIQ TABLE OF CONTENTS Queensland market update 1 REIQ Explanatory notes

2

Brisbane market updates Brisbane Comparison to Capital Cities

7

Greater Brisbane

10

Brisbane LGA

16

Regional market updates Gold Coast

22

Toowoomba 26 Sunshine Coast

30

Fraser Coast

34

CONTINUED

In contrast, Bundaberg, Fraser Coast, Gladstone, Rockhampton, Mackay, and to a lesser extent Townsville, continue to operate in challenging conditions, largely as a consequence of the resources downturn. State Government measures to create jobs and boost the local economies have been announced and the impact of these programs is eagerly anticipated. The REIQ is continuing to lobby government for measures that will benefit the residential property market throughout the state, including broadening the firsthome buyers’ grant to established homes, and removing the foreign buyer surcharge of 3%. These are barriers that prevent buyers accessing the market at a time when our market needs to welcome all buyers. >p4

Bundaberg 36 Gladstone 38 Rockhampton 40 Mackay 42 Townsville 44 Cairns 48 Other Regional

On The Market Indicators

51 52

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

Rental Market Indicators

54

Gross rental yields Residential vacancy rates

Managing Editor: Felicity Moore T. 07 3249 7300 E. fmoore@reiq.com.au

Research Analyst: Karina Salas T. 07 3249 7301 E. ksalas@reiq.com.au

Graphic Designer: Holly Tape T. 07 3249 7312 E. htape@reiq.com.au

Source: REIQ, data obtained from CoreLogic RPData The Real Estate Institute of Queensland Ltd. Copyright 2014 21 Turbo Drive, Coorparoo, PO Box 1555, Coorparoo DC Q 4151 Ph: (07) 3249 7347 Fax: (07) 3249 6211 Email: research@reiq.com.au

3 QUEENSLAND MARKET MONITOR

JUNE QUARTER 2016

3


STATE-WIDE SUMMARY

HOUSE MARKET

RENTAL MARKET

The house market this quarter marginally improved over the March quarter. In this edition of the QMM, the REIQ has introduced reporting on the state-wide median prices.

The vacancy rates throughout the southeast corner are healthy to tight, which is putting pressure on rents and gross rental yields – good news for investors, but tougher news for renters.

The median house price for Queensland was $455,000, representing a fractional increase of 0.28 per cent over last quarter. The more meaningful data is the annual median sale price, which was $453,00 0 for the June quarter, an increase of 2.95 per cent compared with 12 months ago and a solid 10.49 per cent over five years ago.

However, tenants are finding the economy good for getting into home ownership and local agents throughout parts of the southeast corner were reporting that tenants were breaking leases to take advantage of low interest rates and buy their own property.

This is a clear indication that the Queensland residential property market is finally emerging from the vestiges of the GFC and is shaking off the resources downturn, as much as possible. Four out of 11 markets reported growth this quarter, one more market than last quarter and the volume of growth this quarter across all markets was greater than last quarter. However, there are parts of the state that are still struggling. The western mining towns of Moranbah, Blackwater, and Emerald will take longer to recover. The good news is that the spot price of coking coal rose to $170/tonne in September, and if this holds, there could be positive news on the horizon for these towns.

Three-bed houses on the Gold Coast were the most expensive in the state, commanding $460 in median weekly rent. This was closely followed by Noosa ($445 a week) and the Sunshine Coast ($430 a week) with Brisbane in fourth spot, bringing in $420 a week in median rent. As with the median sale price trends, regional cities north of the Sunshine Coast (except Cairns) experienced the highest vacancy rates – Livingstone Shire (12.3 per cent), Gladstone (10.2 per cent), Burdekin (7.8 per cent), Mackay (7.7 per cent) and Rockhampton (6.5 per cent), were the five highest in Queensland. The five tightest markets in Queensland for the June quarter were Caloundra (1.0 per cent), Maroochy (1.0), Ipswich (1.1 per cent), Sunshine Coast (1.2 per cent) and Gold Coast (1.4 per cent).

The coastal centres of Gladstone, Fraser Coast, Rockhampton, Mackay and Bundaberg are still below where they were five years ago. Some suburbs of Mackay, including Blacks Beach, North Mackay and South Mackay, are around 30 per cent below their fiveyear waterline. However, regional areas such as the Gold Coast, the Sunshine Coast, Toowoomba and Cairns, have performed well and the Brisbane and surrounding areas have also performed very strongly, to pull the state through the recent difficulties. UNIT MARKET

The unit market in Brisbane City (CBD) has continued to face the question of oversupply, and so far the data does not support that verdict. The median unit price in inner Brisbane grew 4.2 per cent in the June quarter, to $500,000. The annual median unit price of $488,000 is 1.5 per cent lower than 12 months ago, when it was $495,000 but the current levels are still above five years ago, by 3.5 per cent. The Bundaberg market experienced a surge of 16 per cent, however, with a fall last quarter of 8.9 per cent it’s clear this market is still very volatile. Removing the outlier of Bundaberg, the strongest market was Cairns, which grew 3.9 per cent. The biggest June quarter fall in median unit prices was the Sunshine Coast, which contracted 5.0 per cent. The Gold Coast grew 1.6 per cent and Brisbane held steady with zero growth, zero fall. However, elsewhere in the state the unit market has stalled. In Gladstone and Rockhampton there were not enough sales in either market to report on any meaningful trends. All other markets contracted. 4 QUEENSLAND MARKET MONITOR

The median house price for Queensland was $455,000, representing a fractional increase of 0.28 per cent over last quarter. The more meaningful data is the annual median sale price, which was $453,00 0 for the June quarter, an increase of 2.95 per cent compared with 12 months ago and a solid 10.49 per cent over five years ago.


Based on the previous 4 quarters median sale price change and the anual change

STATE-WIDE SUMMARY

QUEENSLAND HOUSE MARKETS June Qtr 2016 Gold Coast Sunshine Coast (SD) Brisbane (SD) Cairns Fraser Coast Toowoomba

RISING

FALLING

STEADY

STEADY

RECOVERING

QUEENSLAND UNITS MARKETS June Qtr 2016

Mackay Gladstone Rockhampton Townsville

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

Bundaberg

STABILISING

Mackay Rockhampton Townsville Fraser Coast

FALLING

RISING

STEADY

STEADY

RECOVERING

Gladstone

STABILISING Bundaberg

Source: REIQ Based on the previous 4 quarters median sale price change and the anual change

Source: REIQ Based on the previous 4 quarters median sale price change and the anual change

QUEENSLAND UNITS MARKETS June Qtr 2016 Sunshine Coast (SD) Gold Coast Cairns

REGION

RISING NUMBER OF SALES

PROPERTY TYPE

FALLING MEDIAN SALE

Mackay Rockhampton Townsville Fraser Coast

Queensland House Market ANNUAL NUMBER OF SALES

QTRL CHANGE

QUEENSLAND

HOUSES ^

1749

$520,000

0.39%

9400

QUEENSLAND

UNITS

6025

$375,000

-0.19%

34158

QUEENSLAND

LAND

-1.78%

13254

QUEENSLAND

LAND ^

-10.02%

2303

STEADY

RECOVERING 1765 362

STABILISING $215,000 $220,000

Bundaberg

$500,000

ANNUAL MEDIAN SALE

5YR CHANGE

ANNUAL MEDIAN SALE (5YRS AGO)

$453,000

2.95%

10.49%

$410,000

$520,000

4.00%

9.47%

$475,000

$376,000

-0.27%

3.79%

$362,276

80,000 39638

$219,000

4.29%

17.43%

$186,500

16775

$242,500

3.19%

31.08%

$185,000

2485

$450,000

$400,000

$350,000

110,000 ANNUAL NUMBER OF SALES (PREV 100,000 YEAR)

1YR CHANGE

64219 90,000 9755

70,000

$300,000

Source: REIQ Based on the previous 4 quarters median sale price change and the anual change

Number of Sales

12005

Gladstone $455,000 STEADY 0.28% 60594

Toowoomba QUEENSLAND Brisbane HOUSES (SD)

Median Sale Price

STATE-WIDE STATISTICS

60,000

50,000

Jan-06 May-06 Sep-06 Jan-07 May-07 Sep-07 Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16 May-16

$250,000

Annual Median Sale Price

Queensland Unit Market Queensland Land Market

Queensland House Market $500,000

110,000

100,000

$450,000

Annual Number of Sales

$390,000 $240,000

55,000

$370,000 $220,000

50,000

$350,000 $200,000

45,000

40,000

35,000

Median Sale Price

Median Sale Price

40,000

$310,000 $160,000

35,000

$290,000 $140,000

30,000

$270,000 $120,000

25,000

$250,000 $100,000

20,000

20,000

60,000

$250,000

Jan-06 May-06 Sep-06 Jan-07 May-07 Sep-07 Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16 May-16

Jan-06 May-06 Sep-06 Jan-07 Jan-06 May-07 May-06 Sep-07 Sep-06 Jan-08 Jan-07 May-08 May-07 Sep-08 Sep-07 Jan-09 Jan-08 May-09 May-08 Sep-09 Sep-08 Jan-10 Jan-09 May-10 May-09 Sep-10 Sep-09 Jan-11 Jan-10 May-11 May-10 Sep-11 Sep-10 Jan-12 Jan-11 May-12 May-11 Sep-12 Sep-11 Jan-13 Jan-12 May-13 May-12 Sep-13 Sep-12 Jan-14 Jan-13 May-14 May-13 Sep-14 Sep-13 Jan-15 Jan-14 May-15 May-14 Sep-15 Sep-14 Jan-16 Jan-15 May-16 May-15

50,000

Annual Median Sale Price

$390,000

10,000

Annual Median Sale Price Sale PriceAnnual Number of Number Sales of Sales Annual Median Annual

Annual Number of Sales

Queensland Unit Market Queensland Land Market

15,000

Sep-15 Jan-16 May-16

70,000

$300,000

25,000

Number of Sales

$330,000 $180,000

Number of Sales

80,000 $350,000

30,000 Number of Sales

Median Sale Price

90,000 $400,000

55,000 40,000

$240,000 $370,000

50,000

$220,000

35,000

$350,000

45,000 30,000 40,000

$330,000 $180,000

25,000 35,000

$310,000 $160,000

$290,000

Number of Sales Number of Sales

30,000 20,000

$140,000 $270,000

25,000 15,000

$120,000 $250,000 $100,000

20,000 Jan-06 Jan-06 May-06 May-06 Sep-06 Sep-06 Jan-07 Jan-07 May-07 May-07 Sep-07 Sep-07 Jan-08 Jan-08 May-08 May-08 Sep-08 Sep-08 Jan-09 Jan-09 May-09 May-09 Sep-09 Sep-09 Jan-10 Jan-10 May-10 May-10 Sep-10 Sep-10 Jan-11 Jan-11 May-11 May-11 Sep-11 Sep-11 Jan-12 Jan-12 May-12 May-12 Sep-12 Sep-12 Jan-13 Jan-13 May-13 May-13 Sep-13 Sep-13 Jan-14 Jan-14 May-14 May-14 Sep-14 Sep-14 Jan-15 Jan-15 May-15 May-15 Sep-15 Sep-15 Jan-16 Jan-16 May-16 May-16

Median SaleSale PricePrice Median

$200,000

Annual Median Sale Price

Annual Number of Sales

Annual Median Sale Price

Annual Number of Sales

10,000

JUNE QUARTER 2016

5


STATE-WIDE SUMMARY

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6 QUEENSLAND MARKET MONITOR


STATE-WIDE SUMMARY

BRISBANE COMPARISON TO CAPITAL CITIES Brisbane remains as one the most affordable cities in Australia over the June 2016 quarter for both houses and units, ranking as the third-most affordable capital city after Greater Hobart and Adelaide.

UNIT MARKET

The Brisbane median sale price over the quarter was $395,000 compared to $680,500 in Sydney and $489,000 in Melbourne.

The market indicators (days on market and vendor discount) for Brisbane are generally stronger compared to other capital cities such as Adelaide, Canberra, Perth and Darwin.

Sydney has the largest number of unit listings at about 32,000, followed by Melbourne at 28,000 and Brisbane at 16,000. Median days on market and vendor discounting for units generally exceed the median days on market and median discounting for houses. Brisbane days on market and vendor discounting are sitting in the middle range across the capital cities at 47 days and 3.9 per cent, respectively.

HOUSE MARKET

The Brisbane quarterly median sale price was $505,000 compared to $885,210 in Sydney, $612,000 in Melbourne, $611,000 in Canberra, $560,000 in Darwin and $525,000 in Perth. A similar trend and ranking was reported in the annual median sale price of the capital cities. Melbourne is reporting the largest number of annual listings of about 66,000 compared to Sydney's of 61,000 and Brisbane's 45,000.

Brisbane remains as one the most affordable cities in Australia over the June 2016 quarter for both houses and units, ranking as the third-most affordable capital city after Greater Hobart and Adelaide.

Brisbane market indicators are relatively strong compared with other capital cities. The median days on market are slightly more than one month, just behind Melbourne and Sydney. Canberra has the lowest vendor discounting at just 2.5 per cent. Melbourne and Sydney are next with a median vendor discount of 3.8 per cent and 4 per cent respectively. Brisbane is median vendor discounting is just slightly higher at 4.1 per cent.

CAPITAL CITIES COMPARISON HOUSES CAPITAL CITIES*

MEDIAN SALES PRICE (QUARTER)

NUMBER OF SALES (QUARTER)

ANNUAL MEDIAN SALES PRICE

ANNUAL NUMBER OF SALES

ANNUAL CHANGE IN MEDIAN SALE PRICE

UNITS ANNUAL LISTINGS

MEDIAN DAYS ON MARKET (DAYS)

MEDIAN VENDOR DISCOUNT

AVERAGE HOLD PERIOD (YEARS)

MEDIAN SALES PRICE (QUARTER)

NUMBER OF SALES (QUARTER)

ANNUAL MEDIAN SALES PRICE

ANNUAL NUMBER OF SALES

ANNUAL CHANGE IN MEDIAN SALE PRICE

ANNUAL LISTINGS

MEDIAN DAYS ON MARKET (DAYS)

MEDIAN VENDOR DISCOUNT

AVERAGE HOLD PERIOD (YEARS)

ADELAIDE

$440,000

5,370

$430,000

20,707

3.6%

17,995

48

-4.5%

8.7

$350,000

1,834

$345,000

7,022

1.5%

5,746

53

-4.7%

8.6

BRISBANE

$505,000

7,966

$500,000

36,520

3.1%

45,477

34

-4.1%

10.6

$395,000

2,930

$405,000

15,751

-1.2%

15,494

47

-3.9%

8.7

CANBERRA

$611,000

1,080

$604,500

4,298

6.1%

4,487

44

-2.5%

10.3

$405,000

658

$415,000

3,277

0.0%

2,679

63

-3.4%

9.2

DARWIN

$560,000

299

$570,000

1,357

-0.8%

1,642

85

-6.9%

7.9

$465,000

171

$458,900

800

0.9%

991

97

-8.1%

7.3

GREATER HOBART

$365,000

779

$360,000

3,488

2.1%

4,677

37

-4.8%

9.9

$285,000

272

$288,750

1,073

6.9%

1,376

40

-3.7%

9.2

MELBOURNE

$612,000

12,356

$605,000

59,068

8.5%

66,249

29

-3.8%

11.8

$489,000

5,801

$485,000

27,774

3.2%

27,227

40

-4.0%

9.7

PERTH

$525,000

6,196

$530,000

24,757

-3.6%

34,207

55

-5.5%

9.4

$415,000

1,229

$420,000

5,026

-4.5%

8,125

64

-6.3%

9.0

SYDNEY

$885,210

11,962

$890,000

51,793

11.1%

60,896

29

-4.0%

11.6

$680,500

7,515

$678,000

32,772

9.4%

31,696

26

-3.5%

8.5

* All figures for 12 months, ending 31 May 2016 JUNE QUARTER 2016

7


STATE-WIDE SUMMARY

HOUSES (<2400) LGA/REGION

UNITS & TOWNHOUSES

VACANT LAND (<2400)

MEDIAN SALE PRICE

QTRLY CHANGE

MEDIAN SALE PRICE

QTRLY CHANGE

MEDIAN SALE PRICE

QTRLY CHANGE

$455,000

0.3%

$375,000

-0.2%

$215,000

-1.8%

$495,000

1.2%

$400,000

0.0%

$223,000

-4.3%

QUEENSLAND QUEENSLAND GREATER BRISBANE BRISBANE SD BRISBANE

$635,000

1.3%

$440,000

-0.2%

$366,000

-1.1%

IPSWICH

$320,000

-0.3%

$238,000

-11.9%

$186,400

-4.4%

LOGAN

$376,000

0.0%

$240,000

-3.7%

$189,875

-5.8%

MORETON BAY

$410,000

-1.8%

$336,500

4.3%

$245,000

-2.6%

REDLAND

$490,000

-2.0%

$381,250

1.0%

N/D

N/D

GOLD COAST

$580,156

3.6%

$390,000

1.6%

$240,000

0.4%

SUNSHINE COAST SD

$525,000

1.0%

$370,500

-5.0%

$267,000

6.8%

SUNSHINE COAST

$520,000

1.9%

$365,000

-2.7%

$255,000

6.3%

TOURISM CENTRES

NOOSA

$610,000

3.0%

$467,500

2.4%

$350,000

23.9%

FRASER COAST

$290,000

-3.8%

$250,000

-4.9%

$150,000

1.7%

CAIRNS

$390,000

0.0%

$239,000

3.9%

$221,000

8.3%

BUNDABERG

$260,000

-5.5%

$287,000

16.7%

$146,950

-1.0%

GLADSTONE

$331,250

-6.7%

N/A

N/A

N/A

N/A

REGIONAL CENTRES

MACKAY

$316,500

-6.9%

$235,000

-2.1%

N/A

N/A

ROCKHAMPTON

$260,000

-3.7%

N/A

N/A

N/A

N/A

TOOWOOMBA

$343,000

-2.3%

$301,500

-2.7%

$174,500

0.4%

TOWNSVILLE

$339,685

2.9%

$280,000

-1.8%

$156,450

-5.2%

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

ON THE MARKET"

HOUSES (ALL)

UNITS (ALL)

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

LGA/REGION

TOTAL LISTINGS

QUEENSLAND QUEENSLAND GREATER BRISBANE

108,706

7.9%

44

-5.0%

40,492

9.0%

53

-4.4%

BRISBANE SD

45,477

7.2%

34

-4.1%

15,494

8.0%

47

-3.9%

BRISBANE

20,118

6.6%

28

-4.1%

10,614

7.3%

41

-3.8%

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

4,464 6,839 9,897 4,159

7.2% 7.7% 7.6% 8.3%

47 36 39 42

-4.6% -4.0% -3.9% -4.1%

535 1,523 2,087 735

10.4% 10.7% 9.3% 10.3%

79 55 71 59

-5.1% -4.1% -4.3% -4.4%

10,317 8,872 7,065 1,807 3,710 3,604

8.2% 8.6% 8.5% 9.3% 9.9% 8.0%

35 54 49 76 87 52

-4.2% -4.4% -4.2% -5.4% -6.7% -5.6%

11,948 4,903 3,839 1,064 597 2,141

9.8% 10.0% 10.0% 10.2% 12.9% 9.9%

52 69 65 85 91 66

-4.4% -4.7% -4.5% -5.0% -6.4% -5.5%

2,943 1,513 2,580 2,276 4,275 4,146

8.8% 6.9% 6.7% 8.2% 8.6% 6.8%

67 79 82 69 49 70

-6.8% -9.6% -11.0% -8.1% -5.0% -8.2%

428 250 475 186 670 1,206

11.6% 6.5% 7.5% 7.9% 8.8% 9.7%

97 117 116 80 64 78

-6.4% -8.9% -15.4% -5.3% -4.4% -8.0%

"All figures are for the 12 months ending May-16 SD - Statistical Division: Brisbane SD (Brisbane, Ipswich, Logan, Moreton Bay & Redland); Sunshine Coast SD (Sunshine Coast & Noosa) 8 QUEENSLAND MARKET MONITOR


STATE-WIDE SUMMARY

RENTAL TRENDS

MEDIAN WEEKLY RENT

LGA/REGION

3-BED HOUSE

$420 $300 $350 $350 $395

QUARTERLY TREND DOWN DOWN UP STEADY UP

$460 $430 $445 $290 $360 $280 $220 $280 $280 $300 $300

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

2-BED FLAT

$400 $265 $270 $285 $340

QUARTERLY TREND DOWN UP STEADY STEADY DOWN

STEADY STEADY DOWN STEADY STEADY

$395 $340 $390 $245 $285

STEADY DOWN* DOWN DOWN STEADY DOWN

$230 $160 $200 $200 $245 $250

GROSS RENTAL YIELDS 3-BED TOWNHOUSE

$420 $325 $335 $350 $400

QUARTERLY TREND DOWN UP DOWN UP UP

STEADY STEADY STEADY DOWN DOWN

$400 $410 $500 $320 $330

STEADY DOWN* STEADY DOWN* DOWN DOWN

$285 $215 $290 $340 $340 $300

HOUSES

UNITS

3.4% 4.9% 4.8% 4.4% 4.2%

QUARTERLY TREND STEADY STEADY STEADY STEADY STEADY

4.7% 5.8% 5.9% 4.4% 4.6%

QUARTERLY TREND STEADY STEADY STEADY DOWN STEADY

DOWN STEADY DOWN* UP DOWN*

4.1% 4.3% 3.8% 5.2% 4.8%

STEADY STEADY DOWN* STEADY STEADY

5.3% 4.8% 4.3% 5.1% 6.2%

STEADY STEADY STEADY STEADY DOWN*

STEADY DOWN* DOWN STEADY UP DOWN*

5.6% 3.5% 4.6% 5.6% 4.5% 4.6%

UP DOWN STEADY STEADY STEADY STEADY

4.2% 3.3% 4.4% 4.3% 4.2% 4.6%

DOWN* STEADY DOWN STEADY STEADY DOWN*

* change greater than $20 (rents) or 0.5 pts (yields)

FOR FULL ON THE MARKET AND RENTAL MARKET STATISTICS BY LOCAL GOVERNMENT AREA, SEE PAGE 52-54

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

JUN-16

TREND

2.5% 2.8% 1.1% 2.8% 1.7% 2.3%

STEADY STEADY DOWN UP DOWN UP

1.4% 1.4% 1.2% 2.4% 4.1% 1.9%

STEADY STEADY STEADY UP UP STEADY

6.3% 10.2% 7.7% 6.5% 2.3% 5.7%

UP DOWN DOWN DOWN DOWN STEADY

See page 54 for full vacancy rate data

Subscribe to REIQ's research report & media releases: Keep up to date with the latest market information from the best source for real estate news in Queensland, the REIQ. Email Jordan Tindal to subscribe: jtindal@reiq.com.au. JUNE QUARTER 2016

9


BRISBANE MARKET UPDATES

GREATER BRISBANE

The long lead up to the federal election reduced demand in the property market over the June quarter and Brisbane statistical division was not isolated from this event. Despite the negative impact, the residential property market, particularly the house market, in Outer Brisbane remained stable and confidence returned to the market after the election. The quarterly median sale price for houses in Brisbane SD increased by 1.2 per cent over the June quarter. However, Redland and Moreton Bay median sale price contracted, while Ipswich and Logan remained relatively unchanged. The unit median sale price in Brisbane SD remained at $400,000 over the quarter. However, over the past 12 months, the annual median sale price has reduced by 1.8 per cent, pulled down by median contractions in Redland, Logan and Ipswich. Outer Brisbane remains an affordable residential property market and also an attractive investment opportunity for interstate investors. Affordability and proximity to the third-largest capital city in Australia continues to attract buyer interest. Areas such as the masterplanned community at Rochedale estate in Logan and the Aveo retirement complex in Springfield (Ipswich) are bringing growth to Outer Brisbane. The Rochedale estate is currently in its fifth stage, with an expected total project investment of $380 million. Since release in 2011, Aveo Property Group has sold more than 600 residential lots. Similarly, the $1.7 billion Avecomplex in Springfield is well under way. Moreton Bay is now seeing an injection from the State Government through investment in the Bruce Highway upgrades and the Moreton Bay rail line upgrade. The Outer Brisbane residential property market performance remains positive for houses while the unit market may struggle in some areas. However, the outlook for the property market in Outer Brisbane is positive due to the scale of economic activity in the region. HOUSE MARKET

Redland recorded the largest contraction in the median sale price of 2 per cent, followed by a 1.8 per cent fall in Moreton Bay. Ipswich and Logan median sale price remained relatively stable over the quarter. Logan and Moreton Bay recorded the largest annual median sale price increase of 4.2 per cent and 4 per cent, respectively. While Redland recorded the largest five-year increase in median sale price of 9 per cent. 10 QUEENSLAND MARKET MONITOR

Local real estate agents noted an increase in enquiries for appraisals. However, the conversion from appraisals to listings is becoming very challenging. Another challenge in Outer Brisbane is the lack of quality stock in the property market and when quality stock is released, the property sells very quickly and with multiple offers. This is in line with the 12 months reduction to May 2016 in the median days on market and median vendor discount throughout all the Outer Brisbane areas. Over the past 12 months to May 2016, the number of listings has also contracted in Ipswich and Moreton Bay. Market trend statistics show a good performance in all areas in Outer Brisbane with days on market sitting well below two months and vendor discount sitting below 4.7 per cent. Buyers are primarily first home buyers and families looking to upgrade. The largest volume of sales in Logan, Moreton Bay and Redland is sitting between $350,000 and $500,000. Ipswich is the most affordable area in Greater Brisbane with the largest volume of sale being below $350,000. UNIT MARKET

The unit market in Outer Brisbane continued contracting over the June quarter with Ipswich and Logan, showing a reduction in the median sale price. Moreton Bay median sale price recovered after two consecutive large drops in March and December quarters. Ipswich recorded the largest contraction in the quarter of 11.9 per cent, with the median sale price reducing from $270,000 to $238,000. The market activity, measured by the volume of sales, reduced across all areas in Outer Brisbane over the quarter and the past 12 months. The number of unit listings across Outer Brisbane, on the other hand, increased or remained unchanged on relative terms. These trends triggered an increase in the stock on market in Brisbane statistical division from 7.4 per cent in May 2015 to 8 per cent in May 2016. The unit market, in some instances, is experiencing longer days on market and higher vendor discount compared to the house market. However, the market trend indicators remain at acceptable levels with days on market fluctuating between 1.5 and 2.5 months and vendor discount generally fluctuating between 4 and 5 per cent throughout Greater Brisbane. Brisbane statistical division median sale price for units showed an increase of 4.8 per cent over a five-year period to June 2016. The increase was primarily driven by price increases in Brisbane, Moreton Bay, Redland and Ipswich. Logan was the only local government area in Outer Brisbane reporting a medium term drop in the vicinity of 11.3 per cent.


BRISBANE MARKET UPDATES

RENTAL MARKET

SALES MARKET - HOUSES

The rental market in Outer Brisbane is generally performing in the tight range with vacancy rates of 1.1 per cent in Ipswich, 1.7 per cent in Moreton Bay and 2.3 per cent in Redland. Logan vacancy rate is sitting at 2.8 per cent, which is considered to be operating in the healthy range. New homes in the rental market are performing well with the median weekly rent for three-bedroom houses in Logan and Moreton Bay increasing by $5 over the 12 months to June 2016. The median weekly rent for threebedroom houses in Redland and Ipswich remained unchanged over 12 months. The rental unit market is more competitive than the rental house market. However, median weekly rent for two-bedroom units and three-bedroom townhouses generally showed a small increase or remained unchanged. The gross rental yields for houses fluctuated between four and five per cent in June with Ipswich reporting the largest gross yields for houses of 4.9 per cent and Logan reporting the largest gross rental yield for units of 5.9 per cent.

GREATER BRISBANE HOUSE MARKET GREATER June BRISBANE HOUSE MARKET Qtr 2016 June Qtr 2016

Brisbane Brisbane Logan RISING Logan Bay Moreton RISING Moreton Bay Redland Redland Ipswich Ipswich STEADY STEADY

FALLING FALLING

STEADY STEADY

RECOVERING STABILISING RECOVERING STABILISING Source: REIQ Based on the previous 4 quarters median sale price change and the annual change Source: REIQ Based on the previous 4 quarters median sale price change and the annual change

GREATER BRISBANE UNITS MARKETS GREATER June BRISBANE UNITS MARKETS Qtr 2016 June Qtr 2016 Moreton Bay Moreton Bay

Brisbane Brisbane Ipswich Ipswich

RISING RISING

STEADY STEADY

RECOVERING RECOVERING

FALLING FALLING

STEADY STEADY STABILISING STABILISING

Source: REIQ Based on the previous 4 quarters median sale price change and the annual change Source: REIQ

Logan Logan Redland Redland

SUBURB/LGA

NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

ANNUAL MEDIAN SALE (5YRS AGO)

BRISBANE (SD)

6397

$495,000

1.2%

$490,000

3.2%

10.1%

$445,000

BRISBANE (SD) ^

532

$600,000

-2.4%

$600,000

3.5%

6.2%

$565,000

IPSWICH (LGA)

632

$320,000

-0.3%

$322,000

1.6%

2.9%

$313,000

IPSWICH (LGA) ^

59

$550,000

5.8%

$505,000

7.5%

0.0%

$505,000

AUGUSTINE HEIGHTS

19

N/A

N/A

$512,500

-0.5%

6.1%

$483,000

BELLBIRD PARK

15

N/A

N/A

$332,500

2.0%

5.9%

$314,000

BASIN POCKET

8

N/A

N/A

$244,250

9.3%

10.0%

$222,000

BOOVAL

14

N/A

N/A

$279,000

3.3%

2.4%

$272,500

BRASSALL

36

$334,500

2.3%

$327,250

2.4%

-1.2%

$331,250

BUNDAMBA

17

N/A

N/A

$286,000

2.3%

4.0%

$275,000

CAMIRA

22

$380,000

3.4%

$365,000

4.6%

8.0%

$338,000

COALFALLS

6

N/A

N/A

$310,000

6.2%

-0.8%

$312,500

COLLINGWOOD PARK

21

$313,500

-1.4%

$318,000

4.3%

1.0%

$315,000

DEEBING HEIGHTS

5

N/A

N/A

$379,000

-1.6%

-19.8%

$472,500

EAST IPSWICH

7

N/A

N/A

$280,000

4.7%

5.7%

$265,000

EASTERN HEIGHTS

22

$297,000

8.0%

$275,000

1.9%

0.0%

$275,000

FLINDERS VIEW

24

$370,000

1.0%

$362,000

4.4%

4.0%

$348,000

GAILES

7

N/A

N/A

$255,000

7.9%

2.8%

$248,000

GOODNA

33

$315,500

3.0%

$305,000

7.0%

6.1%

$287,500

IPSWICH

9

N/A

N/A

$300,000

-12.7%

0.0%

$300,000

KARALEE ^

17

N/A

N/A

$551,250

9.2%

4.4%

$528,000

LEICHHARDT

19

N/A

N/A

$223,500

1.6%

-4.9%

$235,000

NEWTOWN

7

N/A

N/A

$295,000

-9.2%

-13.0%

$339,000

NORTH BOOVAL

7

N/A

N/A

$270,000

5.1%

-1.8%

$275,000

NORTH IPSWICH

26

$271,500

-7.6%

$275,000

4.6%

0.0%

$275,000

ONE MILE

11

N/A

N/A

$235,000

-2.1%

-0.8%

$237,000

RACEVIEW

33

$312,750

3.1%

$310,000

1.0%

3.3%

$300,000

REDBANK

7

N/A

N/A

$308,000

5.3%

-0.6%

$310,000

REDBANK PLAINS

74

$322,000

0.6%

$320,000

3.6%

8.5%

$295,000

RIPLEY

1

N/A

N/A

$341,000

4.9%

3.1%

$330,750

RIVERVIEW

15

N/A

N/A

$245,000

11.1%

6.5%

$230,000

ROSEWOOD

5

N/A

N/A

$249,000

-8.8%

-11.1%

$280,000

SADLIERS CROSSING

4

N/A

N/A

$339,000

19.0%

17.9%

$287,500

SILKSTONE

19

N/A

N/A

$289,500

13.3%

12.6%

$257,000

SPRINGFIELD

21

$410,358

-2.3%

$405,000

5.2%

11.3%

$364,000

SPRINGFIELD LAKES

65

$427,000

3.1%

$419,500

1.1%

7.3%

$391,000

WOODEND

4

N/A

N/A

$285,000

-6.6%

-16.2%

$340,000

WULKURAKA

5

N/A

N/A

$312,000

10.4%

0.6%

$310,000

YAMANTO

12

N/A

N/A

$382,500

-7.8%

9.3%

$350,000

LOGAN (LGA)

851

$376,000

0.0%

$370,000

4.2%

4.2%

$355,000

LOGAN (LGA) ^

181

$552,500

-1.3%

$550,000

5.8%

10.0%

$500,000

BEENLEIGH

24

$325,000

0.0%

$315,000

1.6%

-1.8%

$320,762

BETHANIA

16

N/A

N/A

$320,000

6.7%

6.7%

$300,000

BORONIA HEIGHTS

23

$347,500

1.2%

$330,000

4.5%

7.0%

$308,500

BROWNS PLAINS

13

N/A

N/A

$326,105

5.0%

7.4%

$303,500

CEDAR GROVE ^

5

N/A

N/A

$446,000

6.4%

14.0%

$391,250

CEDAR VALE ^

18

N/A

N/A

$468,500

4.1%

6.7%

$439,000

CHAMBERS FLAT ^

2

N/A

N/A

$587,500

13.5%

33.5%

$440,000

CORNUBIA ^

6

N/A

N/A

$760,000

2.0%

19.2%

$637,500

CORNUBIA

16

N/A

N/A

$490,000

-3.9%

4.3%

$469,750

CRESTMEAD

50

$325,750

1.2%

$319,250

6.2%

3.9%

$307,250

DAISY HILL

27

$483,000

6.2%

$462,500

2.4%

5.7%

$437,500

EAGLEBY

50

$302,500

0.8%

$290,000

8.4%

4.0%

$278,750

EDENS LANDING

22

$373,500

1.4%

$350,000

6.2%

-1.8%

$356,250

FORESTDALE ^

7

N/A

N/A

$745,000

8.0%

15.5%

$645,000

GREENBANK ^

16

N/A

N/A

$560,000

6.7%

10.2%

$508,000

HERITAGE PARK

16

N/A

N/A

$428,000

5.4%

12.6%

$380,000

HILLCREST

23

$329,167

-8.6%

$350,500

5.5%

2.4%

$342,250

HOLMVIEW

3

N/A

N/A

$355,000

-0.8%

10.1%

$322,500

JIMBOOMBA

12

N/A

N/A

$389,000

5.3%

1.0%

$385,000

JIMBOOMBA ^

29

$499,000

2.4%

$480,000

5.5%

4.6%

$458,750

KINGSTON

47

$310,000

7.3%

$305,000

9.3%

11.4%

$273,750

LOGAN CENTRAL

16

N/A

N/A

$312,000

10.7%

17.7%

$265,000

LOGAN RESERVE

10

N/A

N/A

$368,550

-3.3%

9.4%

$337,000

LOGAN VILLAGE ^

11

N/A

N/A

$521,000

5.9%

15.1%

$452,500

LOGANHOLME

20

$378,750

-5.3%

$395,100

6.8%

10.9%

$356,250

LOGANLEA

23

$350,000

-1.4%

$347,500

7.3%

12.7%

$308,250

Based on the previous 4 quarters median sale price change and the annual change

JUNE QUARTER 2016

11


BRISBANE MARKET UPDATES

SALES MARKET - HOUSES (CONT’D) SUBURB

NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

SALES MARKET - HOUSES (CONT’D) 1YR 5YR CHANGE CHANGE

ANNUAL MEDIAN SALE (5YRS AGO)

SUBURB

NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

ANNUAL MEDIAN SALE (5YRS AGO)

MARSDEN

47

$340,000

-2.9%

$345,000

4.6%

4.9%

$328,750

WAMURAN ^

10

N/A

N/A

$565,000

7.1%

5.4%

$536,000

MEADOWBROOK

10

N/A

N/A

$395,210

4.0%

4.0%

$380,000

WARNER

36

$503,000

-1.4%

$490,000

2.1%

5.4%

$465,000

MOUNT WARREN PARK

15

N/A

N/A

$371,000

7.2%

3.6%

$358,000

WARNER ^

1

N/A

N/A

$797,550

5.6%

17.3%

$680,000

MUNRUBEN ^

6

N/A

N/A

$526,000

2.1%

5.6%

$498,000

WOODY POINT

19

N/A

N/A

$450,000

5.9%

12.8%

$399,000 $452,000

NEW BEITH ^

12

N/A

N/A

$570,000

4.4%

8.2%

$527,000

REGENTS PARK

46

$425,000

14.9%

$380,000

5.6%

3.8%

$366,000

REDLAND (LGA)

549

$490,000

-2.0%

$492,500

2.6%

9.0%

ROCHEDALE SOUTH

46

$478,000

-2.5%

$477,500

6.5%

17.9%

$405,000

REDLAND (LGA) ^

28

$915,000

-0.2%

$880,000

3.5%

12.8%

$780,000

SHAILER PARK

47

$515,000

-0.5%

$519,000

3.8%

10.4%

$470,000

ALEXANDRA HILLS

56

$422,250

-3.0%

$430,000

3.6%

7.5%

$400,000

SLACKS CREEK

50

$325,000

1.6%

$322,000

2.9%

10.1%

$292,500

BIRKDALE

53

$520,000

-2.8%

$520,000

4.1%

16.9%

$445,000

SPRINGWOOD

32

$485,000

1.7%

$475,500

7.3%

16.0%

$410,000

CAPALABA

53

$447,000

-0.2%

$445,000

3.5%

10.8%

$401,500

TANAH MERAH

19

N/A

N/A

$402,000

-0.7%

3.1%

$390,000

CAPALABA ^

7

N/A

N/A

$865,000

4.2%

10.9%

$780,000

UNDERWOOD

15

N/A

N/A

$499,500

2.3%

12.5%

$444,000

CLEVELAND

56

$552,000

-8.8%

$580,000

7.4%

16.0%

$500,000

WATERFORD

22

$397,250

-7.7%

$413,138

9.3%

6.1%

$389,500

MACLEAY ISLAND

15

N/A

N/A

$223,500

0.7%

-11.9%

$253,750

WATERFORD WEST

13

N/A

N/A

$347,500

8.9%

12.1%

$310,000

MOUNT COTTON

26

$504,999

1.6%

$487,000

1.8%

4.4%

$466,500

WINDAROO

9

N/A

N/A

$424,500

-0.1%

10.3%

$385,000

ORMISTON

20

$612,500

6.2%

$620,000

-1.2%

14.3%

$542,500

WOODRIDGE

20

$282,500

-8.2%

$300,000

9.1%

14.3%

$262,500

REDLAND BAY

60

$490,000

-7.4%

$525,750

3.1%

9.5%

$480,000

RUSSELL ISLAND

29

$204,050

13.4%

$185,000

8.8%

-13.3%

$213,500

MORETON BAY (LGA)

1219

$410,000

-1.8%

$415,000

4.0%

7.2%

$387,000

THORNESIDE

5

N/A

N/A

$512,500

10.0%

13.6%

$451,000

MORETON BAY (LGA) ^

187

$590,000

-4.8%

$605,000

0.8%

4.3%

$580,000

THORNLANDS

57

$600,000

14.2%

$550,000

4.0%

5.8%

$520,000

ALBANY CREEK

61

$580,000

3.6%

$565,000

6.3%

13.6%

$497,500

THORNLANDS ^

6

N/A

N/A

$1,015,000

18.3%

18.7%

$855,000

ARANA HILLS

18

N/A

N/A

$513,350

5.9%

20.5%

$426,000

VICTORIA POINT

59

$482,000

-9.0%

$512,000

6.7%

7.7%

$475,500

BANKSIA BEACH

18

N/A

N/A

$530,000

9.3%

9.6%

$483,750

WELLINGTON POINT

44

$600,000

0.5%

$567,500

-0.4%

5.5%

$538,000

BEACHMERE

24

$312,950

-8.6%

$317,500

-3.8%

-11.2%

$357,500

BELLARA

20

$330,000

-3.7%

$325,000

-1.5%

-1.2%

$329,000

SURROUNDS

BELLMERE

16

N/A

N/A

$340,250

1.6%

-2.8%

$349,950

LOCKYER VALLEY (LGA)

41

$226,250

-9.5%

$250,000

1.6%

-6.5%

$267,500

BONGAREE

22

$390,000

-3.1%

$399,500

3.8%

-3.0%

$412,000

LOCKYER VALLEY (LGA) ^ 64

$335,000

-4.2%

$350,000

-1.1%

2.2%

$342,500

BRAY PARK

39

$400,000

3.0%

$392,000

4.0%

10.4%

$355,000

GATTON

23

$240,000

-6.3%

$256,000

-1.5%

-10.2%

$285,000

BUNYA ^

2

N/A

N/A

$820,000

9.3%

-2.4%

$840,000

KENSINGTON GROVE ^

10

N/A

N/A

$385,000

5.5%

12.4%

$342,500

BURPENGARY

29

$367,500

-4.8%

$390,000

4.0%

10.6%

$352,500

LAIDLEY

14

N/A

N/A

$235,000

4.9%

-6.0%

$250,000

BURPENGARY ^

10

N/A

N/A

$550,000

0.9%

3.8%

$530,000

LAIDLEY HEIGHTS ^

4

N/A

N/A

$287,500

-2.5%

-12.1%

$327,000

REGENCY DOWNS ^

6

N/A

N/A

$312,500

6.8%

-2.6%

$321,000 $376,250

BURPENGARY EAST

4

N/A

N/A

$439,000

7.3%

-28.0%

$609,750

BURPENGARY EAST ^

11

N/A

N/A

$585,500

10.3%

10.0%

$532,500

CABOOLTURE

71

$318,500

-1.9%

$317,000

9.3%

5.7%

$300,000

SCENIC RIM (LGA)

80

$370,000

4.2%

$363,500

1.0%

-3.4%

CABOOLTURE ^

16

N/A

N/A

$517,950

7.9%

10.2%

$470,000

SCENIC RIM (LGA) ^

77

$480,000

1.6%

$485,000

-4.9%

6.2%

$456,500

CABOOLTURE SOUTH

18

N/A

N/A

$279,500

3.1%

-3.0%

$288,000

BEAUDESERT

18

N/A

N/A

$317,500

-3.8%

-0.8%

$320,000

CASHMERE

8

N/A

N/A

$615,000

-6.5%

7.0%

$575,000

BOONAH

8

N/A

N/A

$270,000

5.3%

1.9%

$265,000

CLONTARF

26

$385,000

-5.4%

$411,000

5.4%

16.5%

$352,750

KOORALBYN ^

10

N/A

N/A

$341,000

10.0%

9.1%

$312,500

DAKABIN

5

N/A

N/A

$450,000

-0.6%

4.7%

$430,000

TAMBORINE ^

18

N/A

N/A

$547,500

2.3%

0.9%

$542,450

DECEPTION BAY

70

$331,500

0.5%

$330,000

4.8%

8.2%

$305,000

TAMBORINE MOUNTAIN

36

$469,000

4.2%

$470,000

7.4%

2.7%

$457,500

TAMBORINE MOUNTAIN ^ 7

N/A

N/A

$797,500

28.1%

21.8%

$655,000 $267,500

EATONS HILL

24

$517,000

-9.6%

$546,000

0.3%

6.4%

$513,250

ELIMBAH ^

13

N/A

N/A

$511,250

0.3%

8.8%

$470,000

EVERTON HILLS

20

$535,000

6.2%

$525,000

5.4%

11.9%

$469,000

SOMERSET (LGA)

43

$229,000

-1.2%

$238,000

-4.8%

-11.0%

FERNY HILLS

26

$525,000

2.8%

$515,000

7.3%

18.4%

$435,000

SOMERSET (LGA) ^

50

$333,000

-5.4%

$360,000

-5.3%

1.1%

$356,000

GRIFFIN

18

N/A

N/A

$450,000

3.7%

6.8%

$421,180

FERNVALE

7

N/A

N/A

$335,000

-4.3%

-2.9%

$345,000

JOYNER

10

N/A

N/A

$465,000

-12.7%

-2.6%

$477,500

KILCOY

12

N/A

N/A

$215,000

-11.3%

-20.4%

$270,000

KALLANGUR

95

$364,000

2.5%

$365,000

4.1%

5.8%

$345,000

LOWOOD

7

N/A

N/A

$237,500

-0.6%

-6.9%

$255,000

KIPPA-RING

25

$410,000

-0.5%

$400,000

7.0%

15.6%

$346,000

LAWNTON

18

N/A

N/A

$364,000

1.7%

10.3%

$330,000

MANGO HILL

17

N/A

N/A

$480,000

6.0%

8.6%

$442,000

MARGATE

28

$405,000

-4.7%

$402,500

0.0%

7.8%

$373,500

MORAYFIELD

52

$340,000

-1.5%

$338,500

6.6%

6.1%

$319,000

MORAYFIELD ^

18

N/A

N/A

$555,500

2.6%

4.8%

$530,000

MURRUMBA DOWNS

29

$449,000

-12.0%

$465,000

2.2%

12.0%

$415,000

NARANGBA

56

$426,000

-4.3%

$440,000

1.2%

6.9%

$411,650

NARANGBA ^

3

N/A

N/A

$700,000

10.2%

29.9%

$538,750

NEWPORT

10

N/A

N/A

$840,000

5.0%

7.0%

$785,000

NINGI

9

N/A

N/A

$372,500

5.2%

-5.6%

$394,500

NINGI ^

9

N/A

N/A

$520,000

0.2%

11.8%

$465,000

NORTH LAKES

84

$465,000

-0.4%

$465,000

3.3%

5.7%

$440,000

PETRIE

21

$430,000

2.3%

$408,250

3.6%

8.1%

$377,500

REDCLIFFE

34

$423,000

3.2%

$408,500

5.4%

9.8%

$372,000

ROTHWELL

23

$388,500

-6.4%

$400,000

1.0%

5.3%

$380,000

SAMFORD VALLEY ^

6

N/A

N/A

$891,000

2.4%

10.0%

$810,000

SANDSTONE POINT

25

$390,000

-6.0%

$395,500

4.5%

3.8%

$381,000

SCARBOROUGH

35

$497,250

2.0%

$481,000

0.6%

12.5%

$427,500

STRATHPINE

28

$382,750

0.7%

$368,500

3.8%

7.0%

$344,500

TOORBUL

3

N/A

N/A

$301,250

9.6%

-6.6%

$322,500

UPPER CABOOLTURE

5

N/A

N/A

$347,500

5.3%

5.6%

$329,000

UPPER CABOOLTURE ^

8

N/A

N/A

$545,000

5.7%

7.5%

$507,000

12 QUEENSLAND MARKET MONITOR


BRISBANE MARKET UPDATES

SALES MARKET - UNITS & TOWNHOUSES SUBURB

NO. SALES

MEDIAN SALE

BRISBANE (SD)

2444

$400,000

QTRLY CHANGE

0.0%

ANNUAL MEDIAN SALE

$402,500

SALES MARKET - VACANT LAND

1YR 5YR CHANGE CHANGE

-1.8%

4.8%

ANNUAL MEDIAN SALE (5YRS AGO)

$384,000

SUBURB

NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

ANNUAL MEDIAN SALE (5YRS AGO)

BRISBANE (SD)

967

$223,000

-4.3%

$226,900

5.1%

10.7%

$205,000

BRISBANE (SD) ^

80

$286,000

2.1%

$280,000

1.8%

-1.0%

$282,700 $180,000

IPSWICH (LGA)

82

$238,000

-11.9%

$300,000

-0.6%

3.4%

$290,000

BRASSALL

9

N/A

N/A

$263,000

3.1%

-12.3%

$300,000

IPSWICH (LGA)

147

$186,400

-4.4%

$184,700

2.6%

2.6%

BROOKWATER

12

N/A

N/A

$495,000

33.4%

39.4%

$355,000

IPSWICH (LGA) ^

10

N/A

N/A

$250,000

0.9%

0.0%

$250,000

BUNDAMBA

5

N/A

N/A

$306,900

1.3%

47.9%

$207,500

BELLBIRD PARK

13

N/A

N/A

$222,950

1.7%

-7.1%

$240,000

GOODNA

5

N/A

N/A

$310,000

19.7%

25.5%

$247,000

BRASSALL

14

N/A

N/A

$179,500

-3.0%

0.8%

$178,125

REDBANK PLAINS

12

N/A

N/A

$245,000

7.0%

-23.0%

$318,000

DEEBING HEIGHTS

17

N/A

N/A

$182,500

0.5%

-12.5%

$208,500

SPRINGFIELD LAKES

1

N/A

N/A

$385,900

1.1%

88.2%

$205,000

KARALEE ^

5

N/A

N/A

$280,000

3.7%

7.7%

$260,000

LEICHHARDT

7

N/A

N/A

$152,500

3.4%

-14.1%

$177,475

LOGAN (LGA)

231

$240,000

-3.7%

$248,250

-1.0%

-11.3%

$280,000

REDBANK PLAINS

38

$159,700

-2.7%

$161,475

4.2%

-7.7%

$175,000

BEENLEIGH

25

$215,000

-3.4%

$210,000

9.8%

-8.7%

$230,000

SPRINGFIELD LAKES

12

N/A

N/A

$215,000

6.4%

17.5%

$183,000

$219,500 $209,000

BORONIA HEIGHTS

8

N/A

N/A

$255,000

2.0%

16.2%

DAISY HILL

3

N/A

N/A

$367,500

23.1%

16.7%

$315,000

LOGAN (LGA)

188

$189,875

-5.8%

$189,500

4.1%

-9.3%

EAGLEBY

16

N/A

N/A

$230,000

11.7%

-25.8%

$310,000

LOGAN (LGA) ^

40

$300,000

4.4%

$279,000

5.3%

9.4%

$255,000

EDENS LANDING

3

N/A

N/A

$218,000

3.8%

-12.8%

$250,000

BUCCAN ^

12

N/A

N/A

$300,000

3.5%

-9.1%

$330,000

HILLCREST

7

N/A

N/A

$229,000

0.9%

-27.5%

$316,000

CORNUBIA

3

N/A

N/A

$365,000

3.6%

65.9%

$220,000

KINGSTON

5

N/A

N/A

$275,000

-1.9%

-18.5%

$337,500

CRESTMEAD

0

N/A

N/A

$199,000

-5.2%

-2.9%

$205,000

LOGAN CENTRAL

6

N/A

N/A

$190,000

2.7%

-15.6%

$225,000

HOLMVIEW

4

N/A

N/A

$213,600

18.7%

-0.6%

$214,900

MARSDEN

3

N/A

N/A

$326,000

-1.5%

0.9%

$323,000

JIMBOOMBA

8

N/A

N/A

$166,500

-0.8%

-9.6%

$184,125

MEADOWBROOK

4

N/A

N/A

$259,000

1.5%

4.9%

$247,000

JIMBOOMBA ^

4

N/A

N/A

$269,000

7.1%

22.3%

$220,000

MOUNT WARREN PARK

11

N/A

N/A

$215,000

0.0%

0.5%

$214,000

LOGAN VILLAGE

1

N/A

N/A

$256,000

2.4%

4.5%

$245,000

ROCHEDALE SOUTH

6

N/A

N/A

$294,000

6.9%

6.1%

$277,111

LOGANLEA

1

N/A

N/A

$215,000

10.0%

-4.4%

$225,000

SHAILER PARK

5

N/A

N/A

$272,000

-1.1%

-12.0%

$309,000

MARSDEN

3

N/A

N/A

$216,000

8.8%

9.1%

$198,000

SLACKS CREEK

21

$205,000

-8.9%

$218,250

3.9%

-5.7%

$231,500

NEW BEITH ^

5

N/A

N/A

$289,000

-1.0%

10.7%

$261,000

SPRINGWOOD

13

N/A

N/A

$269,000

-3.1%

0.0%

$269,000

WATERFORD

1

N/A

N/A

$198,500

10.6%

2.6%

$193,500

YARRABILBA

118

$174,000

-2.4%

$175,750

6.6%

N/A

N/A

MORETON BAY (LGA)

214

$245,000

-2.6%

$245,000

8.9%

21.3%

$202,000

MORETON BAY (LGA) ^

23

$275,000

1.9%

$275,000

-5.2%

-19.1%

$340,000

BANKSIA BEACH

4

N/A

N/A

$365,000

-9.9%

-15.1%

$430,000

UNDERWOOD

4

N/A

N/A

$387,000

3.2%

0.7%

$384,500

WATERFORD WEST

7

N/A

N/A

$212,000

4.4%

-5.3%

$223,750

WOODRIDGE

34

$208,000

-0.2%

$199,625

6.8%

-0.2%

$200,000

MORETON BAY (LGA)

326

$336,500

4.3%

$347,950

3.6%

3.9%

$335,000

ALBANY CREEK

9

N/A

N/A

$427,500

2.5%

14.0%

$375,000

CABOOLTURE

13

N/A

N/A

$187,000

2.2%

-2.6%

$191,900

BELLARA

10

N/A

N/A

$287,000

24.8%

160.9%

$110,000

CABOOLTURE ^

10

N/A

N/A

$270,000

3.9%

-1.8%

$275,000

BONGAREE

18

N/A

N/A

$295,000

-3.3%

-3.3%

$305,000

DAKABIN

5

N/A

N/A

$230,000

5.0%

10.6%

$208,000

BRENDALE

23

$250,000

-12.3%

$265,000

-7.0%

-0.8%

$267,250

GRIFFIN

29

$255,000

-1.7%

$250,000

5.0%

19.6%

$209,000

BURPENGARY

9

N/A

N/A

$260,000

-13.3%

-17.5%

$315,000

KALLANGUR

2

N/A

N/A

$229,000

-2.4%

9.1%

$209,858

CABOOLTURE

19

N/A

N/A

$202,500

5.8%

-21.1%

$256,750

MANGO HILL

57

$265,000

3.5%

$266,000

10.8%

2.3%

$260,000

CLONTARF

13

N/A

N/A

$335,000

-18.0%

2.8%

$326,000

MORAYFIELD

4

N/A

N/A

$177,000

-3.3%

-9.2%

$195,000

DECEPTION BAY

12

N/A

N/A

$240,000

-2.0%

-31.2%

$349,000

NARANGBA

21

$220,300

0.8%

$215,000

3.1%

0.2%

$214,500

KALLANGUR

15

N/A

N/A

$305,750

-7.2%

-2.9%

$315,000

NORTH LAKES

10

N/A

N/A

$291,000

15.3%

42.0%

$205,000

KIPPA-RING

11

N/A

N/A

$281,500

2.6%

-16.5%

$337,000

WARNER

5

N/A

N/A

$259,450

8.3%

12.8%

$230,000

LAWNTON

6

N/A

N/A

$240,000

-0.2%

-12.6%

$274,450

MANGO HILL

7

N/A

N/A

$360,000

-2.7%

-4.0%

$375,000

REDLAND (LGA)

200

N/D

N/D

$60,000

-76.7%

-74.9%

$239,000

MARGATE

7

N/A

N/A

$378,000

5.0%

5.9%

$357,000

BIRKDALE

1

N/A

N/A

$317,500

2.8%

5.0%

$302,500

MORAYFIELD

12

N/A

N/A

$228,000

-17.1%

-28.8%

$320,000

MACLEAY ISLAND

23

$35,000

25.0%

$30,000

-9.1%

-41.7%

$51,500

MURRUMBA DOWNS

11

N/A

N/A

$330,500

-4.2%

-4.8%

$347,000

MOUNT COTTON

3

N/A

N/A

$263,000

-0.8%

-0.9%

$265,500

NORTH LAKES

17

N/A

N/A

$372,000

1.9%

5.1%

$353,900

REDLAND BAY

10

N/A

N/A

$295,000

3.5%

0.0%

$295,000

PETRIE

2

N/A

N/A

$329,000

-2.1%

-6.9%

$353,500

RUSSELL ISLAND

115

$20,000

1.3%

$19,500

5.4%

-39.5%

$32,250

REDCLIFFE

28

$363,000

6.8%

$360,000

-2.0%

-13.3%

$415,000

THORNLANDS

26

$326,250

1.2%

$320,500

10.1%

12.5%

$285,000

SCARBOROUGH

22

$482,500

1.1%

$475,000

13.1%

20.6%

$394,000

WELLINGTON POINT

1

N/A

N/A

$400,000

7.5%

21.2%

$330,000

$290,000 11

N/A

N/A

$125,000

25.0%

-3.1%

$129,000

29

$140,000

0.0%

$141,750

9.0%

2.0%

$139,000

KENSINGTON GROVE ^

4

N/A

N/A

$153,900

4.0%

6.9%

$144,000 $184,099

STRATHPINE

10

N/A

N/A

$272,250

4.1%

-6.1%

WOODY POINT

13

N/A

N/A

$410,000

24.2%

26.8%

$323,250

SURROUNDS

WOORIM

5

N/A

N/A

$320,000

-7.5%

-15.8%

$380,000

LOCKYER VALLEY (LGA)

REDLAND (LGA)

93

$381,250

1.0%

$385,000

-2.3%

8.5%

$355,000

BIRKDALE

6

N/A

N/A

$405,000

9.5%

23.9%

$327,000

CAPALABA

13

N/A

N/A

$352,000

-4.5%

16.7%

$301,750

LOCKYER VALLEY (LGA) ^

CLEVELAND

21

$435,000

14.0%

$390,000

-6.6%

-2.5%

$400,000

SCENIC RIM (LGA)

11

N/A

N/A

$182,700

1.6%

-0.8%

ORMISTON

17

N/A

N/A

$389,000

5.4%

4.6%

$372,000

SCENIC RIM (LGA) ^

14

N/A

N/A

$187,500

-16.7%

2.2%

$183,500

THORNESIDE

8

N/A

N/A

$318,125

3.5%

7.8%

$295,000

GLENEAGLE

3

N/A

N/A

$182,900

1.7%

3.0%

$177,500

THORNLANDS

0

N/A

N/A

$395,000

0.0%

-12.2%

$450,000

VICTORIA POINT

6

N/A

N/A

$360,000

-0.8%

10.3%

$326,250

SOMERSET (LGA)

6

N/A

N/A

$139,450

-3.8%

5.6%

$132,000

WELLINGTON POINT

9

N/A

N/A

$443,900

-2.9%

30.6%

$340,000

FERNVALE

1

N/A

N/A

$152,000

1.7%

5.2%

$144,500

JUNE QUARTER 2016

13


BRISBANE MARKET UPDATES

RENTAL MARKET - 3 BED HOUSES POST CODE

$/WEEK

LOCALITYL

$300

742

4300

GOODNA/ BELLBIRD PK/ CAMIRA/ SPRINGFIELD

$350

159

$350

179

4301

REDBANK/ REDBANK PLNS/ COLLINGWOOD PK

$320

96

$320

113

4303

DINMORE/ RIVERVIEW

$275

21

$280

16

4304

BOOVAL/ BLACKSTONE/ BUNDAMBA/ EBBW VALE/ SILKSTONE

4305

88

$290

92

IPSWICH/ BRASSALL/ BREMER/ CHURCHILL/ FLINDERS VIEW/ LEICHARDT/ $285 RACEVIEW/ TIVOLI/ YAMANTO

254

$285

275

4306

AMBERLEY/ FERNVALE/ KARANA DOWNS/ MT CROSBY/ PEAK CROSSING/ $330 SWANBANK/ WILLOWBANK

38

4340

ROSEWOOD/ ASHWELL/ CALVERT/ EBENEZER/ GRANDCHESTER/ MOORANG/ $300 MT FORBES/ ROSEVALE

31

$290

26

LOGAN CITY

970

$345

916

4114 4118

36

$320

162

BROWNS PLAINS/BROWNSLEIGH/ FORESTDALE/ HERITAGE PK/ HILLCREST/ $350 REGENTS PK

94

$350

84

4119

UNDERWOOD

$380

18

$400

16

4123

PRIESTS GULLY/ ROCHEDALE

$390

40

$400

53

4124

BORONIA HTS/ GREENBANK/ NEW BEITH $340

46

$350

52

4125

MUNRUBEN/ PARK RIDGE

7

$400

8

4127

CHATSWOOD HILLS/ DAISY HILL/ $355 PREISTDALE/ SLACKS CK/ SPRINGWOOD

83

$350

82

4128

KIMBERLEY PK/ LOGAN HYPERDOME/ $410 SHAILER PK/ TANAH MERAH BRISBANE HOUSE SALES

18

$385

38

4129

LOGANDALE/ LOGANHOLME Dec-15

22

$350

26

4130

CARBROOK/ CORNUBIA

10

$395

8

4131

LOGANLEA/ MEADOWBROOK

$3502,435

35

$340

27

4132

CRESTMEAD/ MARSDEN

$340

$330

99

4133

CHAMBERS FLAT/ LOGAN RESERVE/ WATERFORD

$360

$360

34

4205

BETHANIA

$335

17

4207

582 PK BEENLEIGH/EAGLBY/MT WARREN

$350

216

$350 $365

$450

Mar-16

$375 Jun-16 * $380 2,804

784 758

$350K+

1,981 135

52

$500k+

$330

180

1025

$345

993

186

$360

190

393

$1M+

91

$360

82

4020

REDCLIFFE/ SCARBOROUGH/ NEWPORT WATERS/ SUTTONS BCH

$375

58

$355

62

4021

KIPPA-RING

$350

19

$370

31

$340

18

$350

15

$375

413

$375

349

$410

4035

ALBANY CK/ BRIDGEMAN DOWNS/ 1,390 CASHS CROSSING

29

$435

20

4055

1,157 BUNYA/ FERNY GROVE/ FERNY HILLS/ HOUSE SALES GOLD COAST $410 34 KEDRON UPPER 800

$400

37

77

$370

63

13

$340

11

$355 26 96 90 68 788

$360

28

Dec-15

800

474

Mar-16

775CLEAR BRAY PK/ BRENDALE/ CASHMERE/ $360 MOUNTAIN/ JOYNER/ STRATHPINE/ 481 WARNER

4500 397

Jun-16 *

988 993

4501 260 LAWNTON 4502 FRENCHS FOREST/ PETRIE

$340

4503 $250K+

DAKABIN/ DOHLES ROCKS/ GRIFFIN/ 590 619 $350K+ $500k+ KALLANGUR/ KURWONGBAH

$360$1M+

114

$355

99

4509

MANGO HILL

$385

97

$390

68

4520

CAMP MOUNTAIN/ CEDAR CK/ MT GLORIOUS/ 30 43 19MT NEBO/ MT SAMSON/ SAMFORD/ YUGAR

$480

11

413

<$350K

$475

$500k+

$380

8

CABOOLTURE REGION

$320

426

$315

454

4504

NARANGBA

4505

BURPENGARY

131

151

COAST UNIT SALES 4506 GOLD MORAYFIELD/ MOORINA 4507 863 842

4508

22

4510 <$250k

$360

31

$350

31

$345

35

$350

23

$315

50

$300

61

Dec-15 Mar-16 Jun-1693*BONGAREE/ 87BANKSIA BEACH/ BELLARA/ 82 $360 BRIBIE IS/ WOORIM 66 883 888 58

DECEPTION BAY

$315 43

43

$345

42

94

$315

110

$300

161

SUNSHINE & NOOSA HOUSE SALES CABOOLTURE/ BEACHMERE/COAST DONNYBROOK/ 689 666 603 $300 142 567BALINGOOL/ BELLMERE/ MELEDALE/ Dec-15 Mar-16 Jun-16 * MOODLU/ ROCKSBERG/ TOORBUL 476

$250K+

4511

$350K+

$500k+

698 GODWIN BEACH/ NINGI/ SANDSTONE PT/ 629 $340 TOORBUL PT 541

210

4514

$330

13

$300

11

REDLAND CITY

$395

283

$395

322

4157

CAPALABA/ SHELDON

$405

26

$395

35

4158

THORNSIDE

$385

10

$400

7

4159

BIRKDALE/ AQUATIC PARADISE/ MERIDIAN PT $420

21

$400

25

4160

ORMISTON/ WELLINGTON PT/ EROBIN

$400

22

$410

32

4161

ALEXANDRA HILLS/ BURWOOD HTS

$405

46

$400

43

4163

CLEVELAND/ RABY BAY

$415

32

$430

34

4164

THORNLANDS/ PINKLANDS

$420

12

$410

18

4165

MT COTTON/ PT HALLORAN/ PT $395 TALBURPIN/ REDLAND BAY/ VICTORIA PT

52

$405

60

4184

COOCHIEMUDLO IS/ KARRAGARRA IS/ LAMB $250 IS/ MACLEAY IS/ PEEL IS/ RUSSELL IS

58

$250

65

LOCKYER VALLEY REGIONAL

$285

75

$285

97

4341

BLENHEIM

$280

34

$290

40

4342

CROWLEY VALE

$280

11

$250

6

4343

ADARE

$285

26

$285

42

SOMERSET REGIONAL

$275

56

$280

62

4311

ATKINSONS DAM

$280

32

$280

34

4312

BRYDEN

$260

10

$250

9

4515

GLENFERN

$300

10

$285

11

BRISBANE SURROUNDS HOUSE SALES Dec-15

Mar-16

Jun-16 *

1,946 1,965 1,410 1,408

1,391

1,082 927

1,009 671

44 <$350K

$350K+

$500k+

511

14

$340

<$250k

Dec-15 430

Mar-16

Jun-16 *

401

360HOUSE SALES TOOWOOMBA 296 296

Dec-15 243 277

278

Mar-16

Jun-16 *

258

231

246

240

218

150 103 98 86 11 11 11

159 $250K+

$350K+

$500k+ 86

*Preliminary data

8

<$350K

$350K+

BRISBANE SURROUNDS LAND SALES

*Preliminary data Houses<2,400m

$250K+

$350K+

94

89

$500k+

51

$1M+

74

58

Dec-15

Mar-16

$500k+

Jun-16 *

1,126

833

TOOWOOMBA UNIT SALES 573

Dec-15

Mar-16

Jun-16 *

75 431 464 63

FRASER COAST 204HOUSE SALES Dec-15

292

<$250k 32 283 22

Mar-16

Jun-16 * 56 63

40 $250K+

28

*Preliminary 26 data

156 172 495 99

14 QUEENSLAND MARKET MONITOR

24

41

$350K+

<$250k

79

68

*Preliminary data

15

$250K+ 102

92

$350K+

71

22

$500k+

8

91

27

25

220

$1M+

29

BRISBANE SURROUNDS UNIT SALES

362

minary data

34 $1M+

*Preliminary data Houses<2,400m

$1M+

8

Jun-16 *

NEW BONDS

WOODFORD/ BELLTHORPE/ BRACALBA/ CEDARTON/ D'AGUILAR/ DELANEYS CK/ NEURUM/ STANMORE/ STONEY CK/ VILLENEUVE

5

$355

177

JUN-15

NEW BONDS $/WEEK

LOCALITYL

179 200 174

$350K+

Mar-16

JUN-16 $/WEEK

CODE

<$250k

DAYBORO/ MT MEE/ MT PLEASANT/ *Preliminary dataLAND SALES 4521BRISBANE OCEAN VIEW/ RUSH CK Houses<2,400m Dec-15

POST

16

$330 420

547

$370

Dec-15 Mar-16 REGION Jun-16 * PINE RIVERS

31 ary data 277

$320

$330

156

UNIT SALES 4022 BRISBANE ROTHWELL

28

$285

$350

KINGSTON/ LOGAN CITY/ TRINDER PK/ WOODRIDGE

CLONTARF/ HUMPYBONG/ MARGATE/ *Preliminary data 4019 SCOTTS PT/ WOODY PT Houses<2,400m

2

NEW BONDS

691

<$350K

nary data

NEW BONDS $/WEEK

$300

REDCLIFFE REGION

<$250k

JUN-15

IPSWICH CITY

123 MORETON 101 100 BAY REGIONAL

83 60

RENTAL MARKET - 3 BED HOUSES (CONTâ&#x20AC;&#x2122;D)

JUN-16

10

$500k+

7


BRISBANE MARKET UPDATES

RENTAL MARKET - 2 BED UNITS POST CODE

RENTAL MARKET - 3 BED TOWNHOUSES JUN-16

LOCALITYL

$/WEEK

JUN-15

NEW BONDS $/WEEK

NEW BONDS

POST CODE

JUN-16 LOCALITYL

$/WEEK

JUN-15

NEW BONDS $/WEEK

NEW BONDS

IPSWICH CITY

$325

170

$320

131

4300

GOODNA/ BELLBIRD PK/ CAMIRA/ SPRINGFIELD

$340

67

$360

50

4301

REDBANK/ REDBANK PLNS/ COLLINGWOOD PK

$310

27

$330

30

28

4304

BOOVAL/ BLACKSTONE/ BUNDAMBA/ EBBW VALE/ SILKSTONE

$310

41

$305

25

$255

70

4305

IPSWICH/ BRASSALL/ BREMER/ CHURCHILL/ FLINDERS VIEW/ LEICHARDT/ RACEVIEW/ TIVOLI/ YAMANTO

$320

33

$295

24

10

$270

9

$270

207

$260

221

KINGSTON/ LOGAN CITY/ TRINDER PK/ WOODRIDGE

$260

65

$260

91

4123

PRIESTS GULLY/ ROCHEDALE

$300

10

N.A.

1

4127

CHATSWOOD HILLS/ DAISY HILL/ $280 PREISTDALE/ SLACKS CK/ SPRINGWOOD

21

$295

21

4128

KIMBERLEY PK/ LOGAN HYPERDOME/ SHAILER PK/ TANAH MERAH

$300

5

$295

10

4131

LOGANLEA/ MEADOWBROOK

$250

6

N.A.

4

4132

CRESTMEAD/ MARSDEN

$280

15

$240

6

4133

CHAMBERS FLAT/ LOGAN RESERVE/ WATERFORD

$265

8

$275

9

4207

BEENLEIGH/EAGLBY/MT WARREN PK

$265

61

$250

67

MORETON BAY REGIONAL

$285

512

$280

459

REDCLIFFE REGION

$295

168

$285

157

IPSWICH CITY

$265

162

$260

160

4300

GOODNA/ BELLBIRD PK/ CAMIRA/ SPRINGFIELD

$280

33

$275

29

4301

REDBANK/ REDBANK PLNS/ COLLINGWOOD PK

$265

13

$250

23

4304

BOOVAL/ BLACKSTONE/ BUNDAMBA/ EBBW VALE/ SILKSTONE

$250

24

$250

4305

IPSWICH/ BRASSALL/ BREMER/ CHURCHILL/ FLINDERS VIEW/ LEICHARDT/ RACEVIEW/ TIVOLI/ YAMANTO ETC

$265

81

4306

AMBERLEY/ FERNVALE/ KARANA DOWNS/ MT CROSBY/ PEAK CROSSING/ $260 SWANBANK/ WILLOWBANK ETC LOGAN CITY

4114

4019

CLONTARF/ HUMPYBONG/ MARGATE/ SCOTTS PT/ WOODY PT

$295

72

$260

70

4020

REDCLIFFE/ SCARBOROUGH/ NEWPORT WATERS/ SUTTONS BCH

$296

83

$310

77

PINE RIVERS REGION

$290

163

$290

121

BRAY PK/ BRENDALE/ CASHMERE/ CLEAR MOUNTAIN/ JOYNER/ STRATHPINE/ WARNER

$300

34

$295

25

4501

LAWNTON

$260

23

$280

9

4503

DAKABIN/ DOHLES ROCKS/ GRIFFIN/ KALLANGUR/ KURWONGBAH

$285

52

$280

54

4509

MANGO HILL

$335

45

$320

28

CABOOLTURE REGION

$275

181

$260

181

4505

BURPENGARY

$270

7

$280

7

4506

MORAYFIELD/ MOORINA

$280

21

$260

12

4507

BANKSIA BEACH/ BELLARA/ BONGAREE/ $280 BRIBIE IS/ WOORIM

52

$280

48

4508

DECEPTION BAY

$300

10

$275

13

4510

CABOOLTURE/ BEACHMERE/ DONNYBROOK/ BALINGOOL/ BELLMERE/ MELEDALE/ $265 MOODLU/ ROCKSBERG/ TOORBUL

88

$260

4500

LOGAN CITY

$335

387

$340

409

4114

KINGSTON/ LOGAN CITY/ TRINDER PK/ WOODRIDGE

$310

39

$330

29

4118

BROWNS PLAINS/BROWNSLEIGH/ FORESTDALE/ HERITAGE PK/ HILLCREST/ $350 REGENTS PK

51

$350

72

4119

UNDERWOOD

$410

22

$410

15

4123

PRIESTS GULLY/ ROCHEDALE

$330

6

$330

7

4124

BORONIA HTS/ GREENBANK/ NEW BEITH $345

5

$0

0

4127

CHATSWOOD HILLS/ DAISY HILL/ $325 PREISTDALE/ SLACKS CK/ SPRINGWOOD

36

$330

35

4128

KIMBERLEY PK/ LOGAN HYPERDOME/ SHAILER PK/ TANAH MERAH

$330

7

$320

9

4131

LOGANLEA/ MEADOWBROOK

$350

30

$350

49

4132

CRESTMEAD/ MARSDEN

$340

56

$340

64

4133

CHAMBERS FLAT/ LOGAN RESERVE/ WATERFORD

$330

25

$325

11

4205

BETHANIA

$345

13

$272

8

4207

BEENLEIGH/EAGLBY/MT WARREN PK

$320

89

$320

105

MORETON BAY REGIONAL

$350

666

$340

534

CABOOLTURE REGION

$320

128

$315

119

4504

NARANGBA

$350

7

$350

7

4505

BURPENGARY

$325

16

$300

22

4506

MORAYFIELD/ MOORINA

$340

22

$310

8

4507

BANKSIA BEACH/ BELLARA/ BONGAREE/ $300 BRIBIE IS/ WOORIM

5

$330

9

4508

DECEPTION BAY

$320

47

$310

50

4510

CABOOLTURE/ BEACHMERE/ DONNYBROOK/ BALINGOOL/ BELLMERE/ $300 MELEDALE/ MOODLU/ ROCKSBERG/ TOORBUL

17

$315

21

4511

GODWIN BEACH/ NINGI/ SANDSTONE PT/ $350 TOORBUL PT

14

N.A.

2

PINE RIVERS REGION

$350

468

$350

342

4035

ALBANY CK/ BRIDGEMAN DOWNS/ CASHS CROSSING

$450

26

$385

9

93

4500

BRAY PK/ BRENDALE/ CASHMERE/ CLEAR MOUNTAIN/ JOYNER/ STRATHPINE/ WARNER

$355

82

$360

51

REDLAND CITY

$340

83

$320

64

4501

LAWNTON

$350

13

$330

13

4157

CAPALABA/ SHELDON

$320

7

$330

9

4502

FRENCHS FOREST/ PETRIE

$335

18

$330

16

4160

ORMISTON/ WELLINGTON PT/ EROBIN

$350

6

$385

6

4163

CLEVELAND/ RABY BAY

$340

29

$350

25

4503

DAKABIN/ DOHLES ROCKS/ GRIFFIN/ KALLANGUR/ KURWONGBAH

$345

216

$345

150

4509

MANGO HILL

$355

108

$355

102

REDCLIFFE REGION

$345

70

$335

73

4019

CLONTARF/ HUMPYBONG/ MARGATE/ SCOTTS PT/ WOODY PT

$420

5

$365

9

4020

REDCLIFFE/ SCARBOROUGH/ NEWPORT WATERS/ SUTTONS BCH

$385

19

$360

11

4021

KIPPA-RING

$330

44

$330

46

REDLAND CITY

$400

132

$390

121

4157

CAPALABA/ SHELDON

$380

11

$375

13

4158

THORNSIDE

$380

15

$380

13

4160

ORMISTON/ WELLINGTON PT/ EROBIN

$445

27

$385

28

4163

CLEVELAND/ RABY BAY

$410

38

$405

32

4164

THORNLANDS/ PINKLANDS

$400

21

$390

16

4165

MT COTTON/ PT HALLORAN/ PT $395 TALBURPIN/ REDLAND BAY/ VICTORIA PT

16

$405

13

4343

LOCKYER VALLEY REGIONAL

$245

25

$220

18

ADARE

$245

19

$225

15

JUNE QUARTER 2016

15


BRISBANE MARKET UPDATES

BRISBANE LGA The housing market regained ground over the June quarter, with the data showing an increase in the median sale price and reaching $635,000 in June compared to $627,000 in the March quarter. The unit market slipped just slightly over the quarter but remained stable over the year. The residential property market prospects, primarily for houses in Brisbane, are positive considering its affordability compared with Sydney and Melbourne. Brisbane is also increasingly attracting interest from interstate and international investors. Affordability is expected to drive migration to Brisbane. Due to population growth, Brisbane is transforming into a denser city with large blocks of land being targeted by developers for houses, townhouses or units on subdivided lots. About $2 billion of infrastructure projects and improvements are included in the State Government budget for financial year 2017 and it is estimated it will create about 5,500 jobs in Brisbane. The Brisbane Cross River Rail is the highest priority for the State Government at present with an initial allocation of $50 million funding towards early planning and approvals. The Gateway Motorway North upgrade is another key project in Brisbane and is expected to inject $250 million to the economy this financial year with a total project investment of $1.1 billion to widen the motorway to six lanes between Nudgee and Bracken Ridge. The $1.1 billion Herston Quarter 10-year project, adjacent to the Royal Brisbane and Womenâ&#x20AC;&#x2122;s Hospital, will develop a mixed-use precinct for health, residential, commercial and recreational activity. The project is expected to support more than 700 full-time equivalent jobs during the construction phase and more than 1000 jobs. The delivery of the project has been granted to Unity Health. With significant infrastructure projects on the horizon, Brisbane is modernising with public transport improvements and state-of-the-art health facilities. This outlook supports a stable to sound residential property market in Brisbane over the medium term. HOUSE MARKET

The median sale price in Brisbane increased by 1.3 per cent over the June quarter. The best performers over the quarter were Clayfield, East Brisbane, Sinnamon Park, Kuraby, Holland Park and Hawthorne. On an annual basis, the median sale price increased by 5 per cent, reaching $630,000 in June 2016. Apart from Robertson, the best performers for the 12 months to June were more affordable suburbs like Darra, Yeerongpilly, Sandgate, Wilston and Banyo. These suburbs generally remained affordable and provided quality living for residents. With a median sale price in the $600,000s, the busiest price point over the quarter remained between the $500,000 to $1 million. Transactions within this price range slipped from 2,804 in December 2015 to 2,435 in March 2016. Preliminary data indicates another potential slip in the number of 16 QUEENSLAND MARKET MONITOR

sales with $500,000 - $1 million transactions of 1,981 in June 2016. While the volume of sales trend appears to be heading downwards, demand remains stable and is even strengthening in some suburbs. Stock on market remains as the smallest in Queensland at about 6.6 per cent in May 2016. Median days on market and median vendor discount showed a slight improvement over the 12 months period to May 2016. Days on market now are a few days below one month and vendor discount is 4.1 per cent approaching the median vendor discount in Sydney and Melbourne. UNIT MARKET

Brisbaneâ&#x20AC;&#x2122;s medium-to-high density market slipped for a third consecutive quarter with a small drop in the median sale price over the quarter of 0.2 per cent. On an annual basis, the median sale price remained relatively stable at about $441,000. The busiest price bracket for apartments and units is $350,000 to $500,000 with Brisbane City, New Farm, Coorparoo, Nundah and Kangaroo Point showing the largest number of sales over the June quarter. Number of listings increased from 9,530 in May 2015 to 10,614 in May 2016 while stock on market also reported a jump from 6.6 per cent in May 2015 to 7.3 per cent in May 2016. This demonstrates the recent increase in supply, which may be starting to slightly exceed demand. However, the recent data does not yet show any large impact on the median sale price. Median days on market and median vendor discount for units remain at healthy levels of 41 days and 3.8 per cent in May 2016. RENTAL MARKET

The rental market in Brisbane is operating generally in a healthy environment with vacancy rates of 3.4 per cent in Inner Brisbane and 2.3 per cent in the middle ring for the June 2016 quarter. Units tend to take longer than houses to find a tenant and vacancy rates for Inner Brisbane units reached 3.7 per cent in June compared to the vacancy rates of middle ring units of 2.7 per cent. The median weekly rent of three-bedroom houses and two-bedroom units remained stable over the past 12 months. The median weekly rent of three-bedroom townhouses, on the other hand, increased by $10 from $410 in June 2015 to $420 in June 2016 in line with the increase in the number of new bonds by about 6 per cent. Investors are now more conscious that the return on investment will be generated primarily from capital gains. The gross rental yield for houses of 3.4 per cent is the lowest one across the state. Units are returning a gross rental yield of about 4.7 per cent; however the net yield could reduce significantly when body corporate fees and other operating expenses are included.


BRISBANE MARKET UPDATES

SALES MARKET - HOUSES MEDIAN SALE

SALES MARKET - HOUSES (CONTâ&#x20AC;&#x2122;D) QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

ANNUAL MEDIAN SALE (5YRS AGO)

MEDIAN SALE

QTRLY CHANGE

1YR 5YR CHANGE CHANGE

ANNUAL MEDIAN SALE (5YRS AGO)

NO. SALES

BRISBANE (LGA)

3146

$635,000

1.3%

$630,000

5.0%

20.0%

$525,000

JINDALEE

23

$560,000

7.4%

$550,000

10.0%

12.8%

$487,500

BRISBANE (LGA) ^

77

$1,042,500 1.7%

$972,500

-2.8%

3.5%

$940,000

KALINGA

4

N/A

N/A

$917,500

1.1%

1.4%

$905,000

SUBURB/LGA

NO. SALES

ANNUAL MEDIAN SALE

SUBURB/LGA

ACACIA RIDGE

31

$363,500

-7.7%

$377,000

6.5%

17.3%

$321,500

KANGAROO POINT

7

N/A

N/A

$890,000

7.2%

7.9%

$825,000

ALBION

5

N/A

N/A

$695,000

-2.8%

15.8%

$600,000

KARANA DOWNS

9

N/A

N/A

$425,000

7.6%

9.7%

$387,500

ALDERLEY

20

$722,500

-14.1%

$730,100

1.8%

15.2%

$633,750

KARANA DOWNS ^

5

N/A

N/A

$526,250

2.2%

10.1%

$478,000

ALGESTER

30

$490,000

0.1%

$492,250

4.7%

21.5%

$405,000

KEDRON

26

$700,000

11.1%

$630,000

4.7%

15.4%

$546,000

ANNERLEY

25

$712,500

2.0%

$695,000

6.9%

20.7%

$576,000

KELVIN GROVE

9

N/A

N/A

$727,500

-0.1%

13.8%

$639,500

ASCOT

14

N/A

N/A

$1,210,000

-9.0%

12.0%

$1,080,000

KENMORE

37

$685,000

6.9%

$635,000

6.7%

18.6%

$535,500

ASHGROVE

38

$873,750

-2.9%

$825,000

-1.4%

21.3%

$680,000

KENMORE HILLS

3

N/A

N/A

$785,000

9.8%

16.3%

$675,000

ASPLEY

26

$589,000

5.2%

$567,500

6.9%

23.4%

$460,000

KEPERRA

15

N/A

N/A

$485,000

5.0%

10.2%

$440,000

AUCHENFLOWER

21

$877,889

5.8%

$883,500

3.8%

9.5%

$807,000

KURABY

21

$720,000

17.9%

$625,000

0.0%

16.8%

$535,000

BALD HILLS

30

$421,885

2.6%

$415,000

7.8%

12.2%

$370,000

LOTA

10

N/A

N/A

$625,000

13.1%

41.2%

$442,500

BALMORAL

13

N/A

N/A

$960,000

3.8%

26.7%

$757,500

LUTWYCHE

8

N/A

N/A

$700,000

-5.8%

22.5%

$571,250

BANYO

19

N/A

N/A

$520,000

16.9%

30.0%

$400,000

MACGREGOR

20

$770,000

-3.8%

$771,000

14.8%

44.8%

$532,500

BARDON

29

$960,000

14.0%

$875,250

6.5%

22.4%

$715,000

MACKENZIE

6

N/A

N/A

$770,000

6.9%

18.0%

$652,500

BELLBOWRIE

14

N/A

N/A

$514,000

6.6%

8.2%

$475,000

MANLY

19

N/A

N/A

$800,000

14.3%

31.6%

$608,000

BELMONT

13

N/A

N/A

$625,000

6.8%

8.9%

$573,750

MANLY WEST

36

$567,000

-2.2%

$570,000

7.6%

15.2%

$495,000

BOONDALL

24

$507,250

10.2%

$463,750

6.6%

11.7%

$415,000

MANSFIELD

24

$624,000

-2.5%

$620,000

10.7%

22.5%

$506,000

BRACKEN RIDGE

43

$470,000

-2.1%

$463,500

6.6%

16.0%

$399,588

MCDOWALL

20

$590,000

-0.8%

$600,000

0.0%

4.1%

$576,250

BRIDGEMAN DOWNS

23

$758,000

-1.6%

$750,000

3.6%

7.9%

$695,000

MIDDLE PARK

8

N/A

N/A

$588,500

7.4%

10.1%

$534,500

BRIGHTON

48

$490,000

3.2%

$469,000

4.2%

18.4%

$396,000

MILTON

6

N/A

N/A

$835,000

9.2%

28.5%

$650,000

BROOKFIELD ^

2

N/A

N/A

$1,370,000

9.6%

26.3%

$1,085,000

MITCHELTON

32

$601,000

-3.8%

$618,500

7.6%

19.2%

$519,000

BULIMBA

34

$1,100,000 -10.2%

$1,180,000

9.8%

25.5%

$940,000

MOGGILL

20

$560,000

7.5%

$532,500

9.2%

11.3%

$478,500

CALAMVALE

43

$631,000

$636,000

10.4%

27.2%

$500,000

MOOROOKA

28

$582,500

-5.3%

$581,250

3.8%

18.6%

$490,000

-3.0%

CAMP HILL

47

$825,000

6.5%

$787,000

7.7%

24.9%

$630,000

MORNINGSIDE

19

N/A

N/A

$705,000

3.7%

20.5%

$585,000

CANNON HILL

19

N/A

N/A

$720,000

6.7%

29.7%

$555,000

MOUNT GRAVATT

14

N/A

N/A

$627,000

4.9%

30.6%

$480,000

CARINA

23

$645,000

1.2%

$630,000

8.6%

27.7%

$493,250

MOUNT GRAVATT EAST

38

$590,000

4.8%

$590,000

5.4%

25.5%

$470,000

CARINA HEIGHTS

17

N/A

N/A

$680,000

16.2%

40.2%

$485,000

MOUNT OMMANEY

4

N/A

N/A

$835,000

9.9%

15.5%

$723,000

CARINDALE

42

$813,750

-1.4%

$832,500

11.5%

20.0%

$693,750

MURARRIE

15

N/A

N/A

$618,000

7.5%

32.9%

$465,000

CARSELDINE

22

$613,750

4.3%

$600,000

7.1%

16.5%

$515,000

NEW FARM

12

N/A

N/A

$1,525,000

12.8%

38.6%

$1,100,000

CHAPEL HILL

41

$730,000

-4.6%

$735,000

5.0%

12.6%

$653,000

NEWMARKET

9

N/A

N/A

$805,000

7.1%

18.4%

$680,000

CHELMER

11

N/A

N/A

$1,025,000

8.5%

20.6%

$850,000

NORMAN PARK

23

$740,000

-25.6%

$815,000

9.4%

18.9%

$685,500

CHERMSIDE

20

$567,500

1.3%

$561,000

0.6%

29.5%

$433,250

NORTHGATE

9

N/A

N/A

$640,000

1.4%

35.9%

$471,000

CHERMSIDE WEST

16

N/A

N/A

$535,000

2.3%

16.3%

$460,000

NUDGEE

25

$585,000

-6.1%

$590,000

4.4%

17.4%

$502,500

CLAYFIELD

24

$1,200,000 38.7%

$1,075,000

12.0%

19.4%

$900,000

NUNDAH

19

N/A

N/A

$682,000

-1.4%

19.8%

$569,500

COOPERS PLAINS

12

N/A

$525,000

5.0%

18.2%

$444,000

OXLEY

24

$524,000

1.3%

$511,000

2.2%

17.5%

$435,000

N/A

COORPAROO

46

$830,000

-2.4%

$840,000

10.5%

26.1%

$666,250

PADDINGTON

33

$970,000

2.1%

$938,000

6.6%

17.6%

$797,500

CORINDA

11

N/A

N/A

$645,000

-3.0%

8.4%

$595,000

PARKINSON

33

$607,500

-3.7%

$620,900

6.1%

21.7%

$510,000 $1,065,000

DARRA

9

N/A

N/A

$440,000

23.9%

25.6%

$350,250

PULLENVALE ^

6

N/A

N/A

$992,500

6.2%

-6.8%

DEAGON

15

N/A

N/A

$429,500

3.5%

8.7%

$395,000

RED HILL

18

N/A

N/A

$832,500

4.7%

27.4%

$653,406

DOOLANDELLA

14

N/A

N/A

$427,000

0.5%

0.5%

$425,000

RICHLANDS

2

N/A

N/A

$442,000

7.8%

9.0%

$405,500

DREWVALE

17

N/A

N/A

$535,000

0.9%

8.4%

$493,500

RIVERHILLS

18

N/A

N/A

$443,000

-1.6%

4.4%

$424,500

DURACK

15

N/A

N/A

$390,000

-0.6%

9.9%

$355,000

ROBERTSON

6

N/A

N/A

$1,002,500

25.3%

53.1%

$655,000

EAST BRISBANE

29

$984,000

27.0%

$813,500

3.3%

25.6%

$647,500

ROCHEDALE

8

N/A

N/A

$900,000

-1.6%

39.3%

$646,000

EIGHT MILE PLAINS

34

$710,000

2.9%

$730,000

5.4%

24.8%

$585,000

ROCKLEA

8

N/A

N/A

$390,000

5.4%

33.3%

$292,500

ENOGGERA

14

N/A

N/A

$645,500

3.3%

16.3%

$555,000

RUNCORN

34

$541,500

7.7%

$534,000

7.9%

25.6%

$425,000

EVERTON PARK

28

$622,500

9.0%

$580,000

10.9%

20.8%

$480,000

SALISBURY

32

$534,250

-1.1%

$540,000

5.9%

21.3%

$445,000

FAIRFIELD

11

N/A

N/A

$672,000

-0.8%

12.0%

$600,000

SANDGATE

16

N/A

N/A

$643,000

20.2%

20.9%

$532,000

FERNY GROVE

24

$538,000

-0.2%

$538,000

3.5%

11.3%

$483,500

SEVEN HILLS

5

N/A

N/A

$742,750

5.8%

19.8%

$620,000

FIG TREE POCKET

14

N/A

N/A

$881,250

3.1%

6.2%

$830,000

SEVENTEEN MILE ROCKS

10

N/A

N/A

$622,000

5.9%

9.3%

$568,900

FITZGIBBON

16

N/A

N/A

$435,000

1.2%

6.1%

$410,000

SHERWOOD

15

N/A

N/A

$850,000

0.6%

11.8%

$760,000

FOREST LAKE

99

$423,000

-1.6%

$428,000

8.4%

11.0%

$385,500

SHORNCLIFFE

4

N/A

N/A

$685,000

-3.5%

-5.5%

$725,000

GAYTHORNE

5

N/A

N/A

$607,500

-6.0%

28.6%

$472,500

SINNAMON PARK

22

$689,000

19.5%

$624,000

-4.3%

6.3%

$587,000

GEEBUNG

13

N/A

N/A

$500,000

7.5%

20.3%

$415,500

SPRING HILL

9

N/A

N/A

$910,000

2.5%

20.5%

$755,000 $1,000,000

GORDON PARK

18

N/A

N/A

$720,000

1.4%

21.1%

$594,500

ST LUCIA

16

N/A

N/A

$1,010,000

-9.8%

1.0%

GRACEVILLE

10

N/A

N/A

$810,000

13.2%

23.4%

$656,500

STAFFORD

16

N/A

N/A

$580,000

5.4%

26.6%

$458,000

GRANGE

11

N/A

N/A

$890,000

11.3%

39.8%

$636,500

STAFFORD HEIGHTS

27

$600,000

5.3%

$570,775

7.7%

24.1%

$460,000

GREENSLOPES

13

N/A

N/A

$740,000

11.5%

31.2%

$564,000

STRETTON

17

N/A

N/A

$793,800

4.3%

27.4%

$623,000

HAMILTON

14

N/A

N/A

$1,040,000

-28.3%

-2.3%

$1,065,000

SUNNYBANK

29

$749,500

3.5%

$723,000

8.6%

37.7%

$525,000

HAWTHORNE

30

$1,180,000 14.6%

$1,060,000

-3.9%

42.7%

$742,750

SUNNYBANK HILLS

37

$677,500

6.2%

$662,000

10.3%

36.5%

$485,000

HEATHWOOD

13

N/A

$576,500

6.8%

4.7%

$550,500

TAIGUM

11

N/A

N/A

$470,500

-2.5%

6.9%

$440,000

N/A

HEMMANT

9

N/A

N/A

$464,500

10.4%

13.3%

$410,000

TARINGA

14

N/A

N/A

$895,000

7.8%

31.6%

$680,000

HENDRA

29

$980,000

4.3%

$950,000

11.8%

13.6%

$836,000

TARRAGINDI

35

$720,000

-1.4%

$715,000

8.3%

24.3%

$575,000 $1,182,500

HIGHGATE HILL

11

N/A

N/A

$1,020,000

-7.3%

32.9%

$767,500

TENERIFFE

4

N/A

N/A

$1,600,000

7.2%

35.3%

HOLLAND PARK

26

$758,750

16.9%

$675,000

7.1%

29.1%

$522,750

TENNYSON

3

N/A

N/A

$614,000

-4.8%

13.7%

$540,000

HOLLAND PARK WEST

22

$728,000

6.3%

$685,000

12.5%

22.9%

$557,500

THE GAP

50

$625,000

3.9%

$621,500

1.9%

14.7%

$541,750

INALA

46

$350,050

-0.3%

$348,000

11.7%

18.0%

$295,000

TINGALPA

37

$523,750

6.2%

$490,000

6.5%

15.3%

$425,000

INDOOROOPILLY

23

$899,000

5.8%

$850,000

6.9%

20.1%

$707,500

TOOWONG

12

N/A

N/A

$782,000

1.4%

17.6%

$665,000

JAMBOREE HEIGHTS

9

N/A

N/A

$457,500

6.5%

11.7%

$409,500

UPPER KEDRON

12

N/A

N/A

$610,000

5.2%

11.9%

$545,000

JUNE QUARTER 2016

17


BRISBANE MARKET UPDATES

SALES MARKET - HOUSES (CONT’D) SUBURB

NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

SALES MARKET - UNITS & TOWNHOUSES (CONT’D) 1YR 5YR CHANGE CHANGE

ANNUAL MEDIAN SALE (5YRS AGO)

SUBURB

NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

ANNUAL MEDIAN SALE (5YRS AGO)

UPPER MOUNT GRAVATT

37

$580,000

-7.2%

$590,000

1.7%

26.3%

$467,000

EVERTON PARK

16

N/A

N/A

$391,500

-10.0%

-1.8%

$398,500

VIRGINIA

8

N/A

N/A

$542,500

2.8%

20.0%

$452,000

FAIRFIELD

3

N/A

N/A

$450,000

5.9%

13.1%

$397,750

WAKERLEY

36

$776,000

7.8%

$725,500

3.6%

18.9%

$610,000

FITZGIBBON

6

N/A

N/A

$348,500

-2.7%

-5.8%

$369,900

WAVELL HEIGHTS

49

$660,745

4.9%

$636,500

1.7%

15.7%

$550,000

FORTITUDE VALLEY

32

$392,500

-6.0%

$437,500

-5.9%

2.3%

$427,750

WEST END

11

N/A

N/A

$1,070,000

7.1%

44.1%

$742,500

GAYTHORNE

7

N/A

N/A

$443,250

0.7%

23.1%

$360,000

WESTLAKE

13

N/A

N/A

$657,500

7.8%

12.4%

$585,000

GORDON PARK

8

N/A

N/A

$380,000

-3.9%

-0.5%

$382,000

WILSTON

12

N/A

N/A

$1,005,000

20.0%

20.4%

$835,000

GREENSLOPES

16

N/A

N/A

$385,500

-3.0%

7.1%

$360,000

WINDSOR

14

N/A

N/A

$764,125

5.4%

14.2%

$669,000

HAMILTON

24

$555,000

-10.7%

$592,750

3.1%

30.3%

$455,000

WISHART

31

$675,000

-1.8%

$685,000

11.7%

28.9%

$531,500

HAWTHORNE

8

N/A

N/A

$570,000

4.0%

33.6%

$426,500

WOOLLOONGABBA

9

N/A

N/A

$775,000

5.5%

18.8%

$652,500

HENDRA

5

N/A

N/A

$575,000

8.5%

15.0%

$500,000

WOOLOOWIN

7

N/A

N/A

$780,000

10.6%

19.4%

$653,000

HIGHGATE HILL

12

N/A

N/A

$515,000

-7.2%

14.4%

$450,000

WYNNUM

56

$540,000

-3.8%

$591,300

-3.1%

13.7%

$520,000

HOLLAND PARK WEST

2

N/A

N/A

$440,000

2.6%

11.4%

$395,000

WYNNUM WEST

39

$495,000

-1.3%

$500,000

7.5%

17.3%

$426,250

INDOOROOPILLY

24

$488,000

-12.5%

$500,000

-6.0%

15.6%

$432,500

YEERONGPILLY

5

N/A

N/A

$672,500

23.4%

-0.2%

$673,955

KANGAROO POINT

40

$420,000

-18.3%

$514,500

3.0%

6.1%

$485,000

YERONGA

10

N/A

N/A

$780,000

7.1%

17.5%

$663,750

KEDRON

28

$445,000

-1.7%

$450,000

0.0%

29.7%

$347,000

ZILLMERE

23

$477,500

6.9%

$452,626

8.5%

22.3%

$370,000

KELVIN GROVE

10

N/A

N/A

$482,500

4.7%

7.2%

$450,000

LUTWYCHE

22

$486,000

-2.8%

$482,500

2.1%

33.3%

$362,000

MANLY

3

N/A

N/A

$475,000

-1.0%

14.2%

$416,000

MANLY WEST

4

N/A

N/A

$410,000

11.4%

5.4%

$389,000

MCDOWALL

2

N/A

N/A

$407,500

-12.1%

5.8%

$385,000

MILTON

16

N/A

N/A

$591,300

3.7%

14.8%

$514,975

MITCHELTON

5

N/A

N/A

$422,000

3.4%

10.5%

$382,000

MOOROOKA

25

$420,000

1.2%

$424,000

1.6%

9.5%

$387,250

MORNINGSIDE

34

$465,000

-4.1%

$491,250

2.3%

13.8%

$431,500

MOUNT GRAVATT

3

N/A

N/A

$366,250

-17.7%

20.1%

$305,000

MOUNT GRAVATT EAST

16

N/A

N/A

$440,000

-4.0%

14.0%

$386,000

MURARRIE

11

N/A

N/A

$574,750

30.5%

-22.6%

$742,500

NEW FARM

50

$547,500

-8.8%

$560,000

-3.8%

6.7%

$525,000

NEWMARKET

11

N/A

N/A

$460,000

7.0%

9.4%

$420,500

NEWSTEAD

31

$561,125

-0.5%

$595,000

6.3%

-21.9%

$761,500

NORMAN PARK

6

N/A

N/A

$480,000

-7.2%

0.2%

$479,000

NORTHGATE

9

N/A

N/A

$414,000

1.0%

20.0%

$345,000

NUNDAH

42

$385,000

-3.8%

$425,000

6.9%

8.7%

$391,000

OXLEY

4

N/A

N/A

$359,250

2.5%

-4.8%

$377,495

PADDINGTON

9

N/A

N/A

$551,250

4.5%

29.4%

$426,000

RED HILL

2

N/A

N/A

$432,500

-2.8%

1.8%

$425,000

RICHLANDS

8

N/A

N/A

$346,700

-0.6%

-0.9%

$350,000

ROCHEDALE

17

N/A

N/A

$500,000

17.7%

27.3%

$392,900

ROCKLEA

2

N/A

N/A

$352,500

-9.5%

-29.9%

$502,500

RUNCORN

17

N/A

N/A

$355,000

6.0%

8.2%

$328,000

SALISBURY

0

N/A

N/A

$437,500

13.6%

12.5%

$389,000

SHERWOOD

12

N/A

N/A

$450,000

0.0%

12.5%

$400,000

SOUTH BRISBANE

24

$474,000

-0.9%

$498,933

1.8%

10.9%

$450,000

SPRING HILL

35

$394,300

-5.0%

$407,500

-1.5%

4.5%

$390,000

ST LUCIA

30

$440,000

1.9%

$442,000

-11.6%

-0.7%

$445,000

STAFFORD

3

N/A

N/A

$439,000

-0.8%

16.8%

$376,000

SUNNYBANK HILLS

12

N/A

N/A

$360,000

1.4%

0.0%

$360,000

TAIGUM

15

N/A

N/A

$335,000

-13.0%

-2.9%

$345,000

TARINGA

31

$415,000

-3.8%

$420,500

-6.6%

5.5%

$398,750

TENERIFFE

30

$620,000

2.7%

$628,000

11.2%

13.5%

$553,500

THE GAP

5

N/A

N/A

$483,900

-2.2%

4.3%

$464,000

TINGALPA

9

N/A

N/A

$367,000

-0.3%

3.6%

$354,375

TOOWONG

38

$515,000

19.1%

$450,000

-3.3%

10.4%

$407,500

UPPER MOUNT GRAVATT

25

$438,000

6.2%

$421,000

-7.1%

-1.9%

$429,000

SALES MARKET - UNITS & TOWNHOUSES BRISBANE (LGA)

1712

$440,000

-0.2%

$441,300

0.3%

7.6%

$410,000

ACACIA RIDGE

11

N/A

N/A

$348,000

0.0%

-42.6%

$606,000

ALBION

16

N/A

N/A

$452,000

8.7%

4.1%

$434,000

ALDERLEY

18

N/A

N/A

$489,000

2.7%

23.0%

$397,500

ALGESTER

5

N/A

N/A

$315,000

2.1%

-7.4%

$340,000

ANNERLEY

21

$435,000

4.8%

$415,000

5.7%

5.1%

$395,000

ASCOT

11

N/A

N/A

$442,000

2.8%

7.8%

$410,000

ASHGROVE

7

N/A

N/A

$465,000

-7.2%

17.7%

$395,000

ASPLEY

11

N/A

N/A

$385,000

2.7%

5.5%

$365,000

AUCHENFLOWER

17

N/A

N/A

$452,750

-1.3%

5.3%

$430,000

BALMORAL

12

N/A

N/A

$535,000

4.1%

14.5%

$467,115

BANYO

3

N/A

N/A

$442,050

-2.5%

-17.8%

$537,500

BARDON

10

N/A

N/A

$559,976

-4.2%

2.3%

$547,500

BOWEN HILLS

29

$429,000

-11.6%

$429,500

-7.8%

1.9%

$421,500

BRACKEN RIDGE

11

N/A

N/A

$361,250

11.7%

0.9%

$358,000

BRIDGEMAN DOWNS

3

N/A

N/A

$449,999

18.1%

21.3%

$371,000

BRISBANE CITY

87

$500,000

4.2%

$488,000

-1.5%

3.5%

$471,500

BULIMBA

18

N/A

N/A

$605,000

-0.7%

14.4%

$529,000

CALAMVALE

16

N/A

N/A

$396,944

3.1%

6.8%

$371,500

CAMP HILL

9

N/A

N/A

$548,000

20.4%

28.9%

$425,000

CANNON HILL

12

N/A

N/A

$445,450

-1.8%

-12.7%

$510,000

CARINA

23

$445,000

-5.7%

$465,000

1.1%

7.6%

$432,000

CARINA HEIGHTS

13

N/A

N/A

$465,000

-1.9%

13.4%

$410,000

CARINDALE

8

N/A

N/A

$468,750

-9.9%

-2.3%

$480,000

CARSELDINE

7

N/A

N/A

$403,000

6.1%

4.1%

$387,000

CHERMSIDE

31

$433,750

-3.1%

$450,000

8.9%

3.7%

$434,000

CLAYFIELD

28

$375,000

0.7%

$375,000

-2.2%

9.1%

$343,750

COOPERS PLAINS

4

N/A

N/A

$385,000

-2.8%

-1.9%

$392,500

COORPAROO

43

$420,435

9.2%

$415,000

6.4%

10.7%

$375,000

CORINDA

5

N/A

N/A

$436,750

22.1%

1.6%

$430,000

DARRA

3

N/A

N/A

$349,000

6.6%

-39.6%

$577,500

DOOLANDELLA

5

N/A

N/A

$357,500

5.5%

3.3%

$346,000

EAST BRISBANE

14

N/A

N/A

$415,000

-4.1%

-8.8%

$455,000

EIGHT MILE PLAINS

24

$376,500

-9.9%

$402,500

-5.2%

4.0%

$387,000

ELLEN GROVE

7

N/A

N/A

$354,000

1.2%

7.3%

$330,000

ENOGGERA

10

N/A

N/A

$355,300

-11.2%

-10.1%

$395,000

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 18 QUEENSLAND MARKET MONITOR


BRISBANE MARKET UPDATES

RENTAL MARKET - 3 BED HOUSES (CONT’D)

SALES MARKET - UNITS & TOWNHOUSES (CONT’D) NO. SALES

SUBURB

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

ANNUAL MEDIAN SALE (5YRS AGO)

POST CODE

JUN-16 $/WEEK

LOCALITYL

JUN-15

NEW BONDS $/WEEK

NEW BONDS

NORTH WEST - OUTER

$430

215

$420

234

BROOKSIDE/EVERTON PARK/ MCDOWALL/STAFFORD

$420

133

$420

148

WAKERLEY

7

N/A

N/A

$425,000

4.4%

0.0%

$425,000

4053

WEST END

33

$531,250

-6.6%

$562,500

-1.6%

13.6%

$495,000

4054

ARANA HILLS/KEPERRA

$430

55

$400

55

WINDSOR

12

N/A

N/A

$474,750

-2.1%

23.9%

$383,250

4061

THE GAP

$460

27

$450

31

WISHART

7

N/A

N/A

$391,250

1.6%

8.7%

$360,000

SOUTH - INNER

$430

300

$425

302

WOOLLOONGABBA

35

$474,500

4.3%

$473,500

8.5%

10.1%

$430,000

4103

ANNERLEY/FAIRFIELD

$450

25

$460

39

WYNNUM

15

N/A

N/A

$390,000

-14.5%

7.6%

$362,500

4104

YERONGA

$450

14

$430

20

WYNNUM WEST

11

N/A

N/A

$341,500

0.6%

0.4%

$340,000

4105

CLIFTON HILL/MOOROOKA/TENNYSON

$425

45

$400

26

YERONGA

16

N/A

N/A

$483,500

2.3%

16.5%

$415,000

4120

GREENSLOPES/STONES CORNER

$450

27

$470

27

YEERONGPILLY

4

N/A

N/A

$431,350

5.5%

8.4%

$398,000

ZILLMERE

17

N/A

N/A

$365,000

1.4%

0.1%

$364,750

4121

EKIBIN/HOLLAND PARK/TARRAGINDI/ WELLERS HILL

$450

68

$430

76

4122

MANSFIELD/MT GRAVATT/WISHART

$420

119

$400

107

SOUTH - OUTER

$390

293

$390

292

4106

BRISBANE MARKET/ROCKLEA

$370

13

$360

10

4107

SALISBURY

$390

24

$380

22

4108

ARCHERFIELD/COOPERS PLAINS

$365

27

$400

26

4109

ALTANDI/MACGREGOR/ROBERTSON/ SUNNYBANK

$390

89

$400

87

4110

ACACIA RIDGE/LARAPINTA/WILLAWONG $350

43

$350

50

4112

KURABY

$385

6

$370

12

4113

EIGHT MILES PLAINS/RUNCORN

$400

53

$390

42

4115

ALGESTER/PARKINSON

$400

20

$390

21

4116

CALAMVALE/DREWVALE/STRETTON

$400

18

$420

22

SOUTH EAST - INNER

$460

267

$450

279

4151

COORPAROO

$470

40

$480

33

4152

CAMP HILL/CARINA/CARINDALE

$440

87

$440

108

4170

CANNON HILL/MORNINGSIDE/NORMAN PARK

$460

84

$450

75

4171

BALMORAL/BULIMBA/HAWTHORNE

$510

37

$540

37

4172

MURARRIE

$400

19

$400

26

SOUTH EAST - OUTER

$420

50

$425

48

4153

BELMONT

$455

7

$425

5

4154

GUMDALE/RANSOME/WAKERLEY

$470

6

$440

10

4173

TINGALPA

$410

32

$420

24

SOUTH WEST - INNER

$450

111

$440

80

SALES MARKET - VACANT LAND NO. SALES

SUBURB

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

BRISBANE (LGA)

218

$366,000

-1.1%

$370,000

BRISBANE (LGA) ^

6

N/A

N/A

BRIDGEMAN DOWNS

30

$370,000

CARINDALE

2

FITZGIBBON

ANNUAL 1YR 5YR MEDIAN CHANGE CHANGE SALE (5YRS AGO)

5.7%

25.4%

$295,000

$1,200,000 49.5%

124.3%

$535,000

0.0%

$370,000

-7.0%

-2.6%

$380,000

N/A

N/A

$510,000

0.9%

10.9%

$460,000

11

N/A

N/A

$175,000

-19.6%

-5.4%

$184,950

HEATHWOOD

21

$285,000

-3.4%

$285,000

6.3%

8.8%

$262,000

KENMORE

4

N/A

N/A

$465,000

10.9%

30.3%

$357,000

KURABY

7

N/A

N/A

$374,500

9.7%

1.2%

$370,000

ROCHEDALE

13

N/A

N/A

$443,000

-0.7%

11.9%

$396,000

UPPER KEDRON

1

N/A

N/A

$337,500

8.0%

11.6%

$302,500

RENTAL MARKET - 3 BED HOUSES POST CODE

JUN-16 LOCALITYL

$/WEEK

JUN-15

NEW BONDS $/WEEK

NEW BONDS

BRISBANE CITY

$420

2635

$420

2673

BAYSIDE

$420

136

$415

149

4178

LINDUM/LYTTON/WYNNUM

$420

69

$415

101

4068

CHELMER/INDOOROOPILLY/TARINGA

$485

40

$455

36

4179

LOTA/MANLY

$430

67

$410

48

4075

CORINDA/GRACEVILLE/OXLEY/SHERWOOD $420

71

$430

44

CITY - INNER

$550

229

$540

212

SOUTH WEST - OUTER

$360

281

$360

304

4000

BRISBANE CITY/SPRING HILL

$580

18

$600

19

4069

BROOKFIELD/CHAPEL HILL/KENMORE

$450

33

$450

28

4005

NEW FARM/TENERIFFE

$800

19

$700

22

4070

ANSTEAD/BELLBOWRIE/MOGGILL

$380

10

$375

10

4006

BOWEN HILLS/VALLEY/HERSTON/ NEWSTEAD

$495

4073

SEVENTEEN MILE ROCKS/SINNAMON PARK $405

13

$430

7

4064

MILTON/PADDINGTON/ROSALIE

$570

55

$530

54

4074

JINDALEE/MTOMMANEY/SUMNER/ WESTLAKE

$395

43

$400

53

4066

AUCHENFLOWER/MTCOOTHA/TOOWONG $500

41

$505

21

4076

DARRA/WACOL

$340

26

$330

25

4067

IRONSIDE/ST LUCIA

$470

10

N.A.

3

4077

DOOLANDELLA/DURACK/INALA/RICHLANDS $320

68

$320

77

4101

HIGHGATE HILL/SOUTH BRIS/WEST END $550

22

$600

35

4078

FOREST LAKE/CAROLE PARK

88

$360

104

4102

BURANDA/DUTTON PARK/WOOLOONGABBA $450

22

$450

21

4169

EAST BRIS/KANGAROO POINT

$480

29

$540

26

NORTH - INNER

$460

280

$460

314

ASCOT/HAMILTON

$500

18

$500

24

4007

13

$540

11

4010

ALBION/BREAKFAST CREEK

$535

5

$420

6

4011

CLAYFIELD/HENDRA

$530

27

$560

30

4012

NUNDAH/TOOMBUL/WAVELL HEIGHTS

$430

64

$450

81

4030

LUTWYCHE/WINDSOR/WOOLOOWIN

$480

47

$495

49

4031

GORDON PARK/KEDRON

$430

46

$445

37

4051

ALDERLEY/ENOGERRA/GAYTHORNE/ GRANGE/ NEWMARKET/WILSTON

$460

72

$460

87

NORTH - OUTER

$400

357

$395

366

4013

NORTHGATE

$400

11

$440

21

4014

BANYO/NUDGEE/VIRGINIA

$400

29

$395

33

4017

BRACKEN RIDGE/BRIGHTON/ DEAGON/SANDGATE

$390

94

$390

88

4018

FITZGIBBON/TAIGUM

$410

27

$390

31

4032

CHERMSIDE/CRAIGSLEA

$400

52

$400

45

4034

ASPLEY/BOONDAL/GEEBUNG/ZILLMERE

$400

127

$400

129

4036

BALD HILLS

$385

17

$370

19

NORTH WEST - INNER

$510

116

$500

93

4059

BALLYMORE/ITHACA/KELVIN GROVE/ RED HILL

$500

52

$520

36

4060

ASHGROVE/DORRINGTON/ ST JOHNS WOOD

$485

38

$470

34

4065

BARDON/JUBILEE/RAINWORTH

$580

26

$500

23

$360

The median sale price in Brisbane increased by 1.3 per cent over the June quarter. The best performers were Clayfield, East Brisbane, Sinnamon Park, Kuraby, Holland Park and Hawthorne.

JUNE QUARTER 2016

19


BRISBANE MARKET UPDATES

RENTAL MARKET - 2 BED UNITS POST CODE

RENTAL MARKET - 3 BED TOWNHOUSES JUN-16

LOCALITYL

$/WEEK

JUN-15

NEW BONDS $/WEEK

NEW BONDS

POST CODE

JUN-16 LOCALITYL

$/WEEK

JUN-15

NEW BONDS $/WEEK

NEW BONDS

BRISBANE CITY

$400

4731

$400

4298

BRISBANE CITY

$420

1627

$410

1537

BAYSIDE

$330

52

$330

53

BAYSIDE

$410

85

$400

76

4178

LINDUM/LYTTON/WYNNUM

$325

37

$330

34

4178

LINDUM/LYTTON/WYNNUM

$400

53

$400

48

4179

LOTA/MANLY

$350

15

$385

19

4179

LOTA/MANLY

$415

32

$400

28

CITY - INNER

$490

1929

$495

1680

CITY - INNER

$620

66

$615

59

4000

BRISBANE CITY/SPRING HILL

$570

311

$600

293

4000

BRISBANE CITY/SPRING HILL

$600

5

$645

5

4005

NEW FARM/TENERIFFE

$500

280

$510

272

4005

NEW FARM/TENERIFFE

$680

12

$750

10

4006

BOWEN HILLS/VALLEY/HERSTON/ NEWSTEAD

$480

416

$480

240

4006

BOWEN HILLS/VALLEY/HERSTON/ NEWSTEAD

$665

12

$650

9

4064

MILTON/PADDINGTON/ROSALIE

$410

76

$410

53

4064

MILTON/PADDINGTON/ROSALIE

$550

6

$600

10

4066

AUCHENFLOWER/MTCOOTHA/TOOWONG $395

189

$390

169

4066

AUCHENFLOWER/MTCOOTHA/TOOWONG $600

7

$520

7

4067

IRONSIDE/ST LUCIA

99

$420

95

4067

IRONSIDE/ST LUCIA

10

$650

6

4101

HIGHGATE HILL/SOUTH BRIS/WEST END $510

309

$510

280

4101

HIGHGATE HILL/SOUTH BRIS/WEST END $640

8

$600

8

4102

BURANDA/DUTTON PARK/WOOLOONGABBA $440

60

$395

50

4169

EAST BRIS/KANGAROO POINT

$560

6

N.A.

4

4169

EAST BRIS/KANGAROO POINT

$475

189

$495

228

NORTH - INNER

$500

105

$480

112

NORTH - INNER

$380

1002

$370

938

4007

ASCOT/HAMILTON

$600

15

$600

12

4007

ASCOT/HAMILTON

$435

173

$410

156

4011

CLAYFIELD/HENDRA

$530

17

$490

14

4010

ALBION/BREAKFAST CREEK

$415

35

$390

28

4012

NUNDAH/TOOMBUL/WAVELL HEIGHTS

$450

14

$460

22

4011

CLAYFIELD/HENDRA

$350

114

$350

131

4030

LUTWYCHE/WINDSOR/WOOLOOWIN

$450

11

$480

8

4012

NUNDAH/TOOMBUL/WAVELL HEIGHTS

$380

203

$390

244

4031

GORDON PARK/KEDRON

$440

13

$450

22

4030

LUTWYCHE/WINDSOR/WOOLOOWIN

$400

237

$360

150

4031

GORDON PARK/KEDRON

$340

81

$340

88

4051

ALDERLEY/ENOGERRA/GAYTHORNE/ GRANGE/ NEWMARKET/WILSTON

$480

35

$480

33

NORTH - OUTER

$395

218

$390

203

4013

NORTHGATE

$460

13

$440

10

4017

BRACKEN RIDGE/BRIGHTON/DEAGON/ SANDGATE

$375

44

$380

34

4018

FITZGIBBON/TAIGUM

$400

56

$370

47

4032

CHERMSIDE/CRAIGSLEA

$440

37

$415

24

4034

ASPLEY/BOONDAL/GEEBUNG/ZILLMERE

$390

55

$395

77

4036

BALD HILLS

$365

7

$365

7

NORTH WEST - INNER

$550

13

$500

12

BARDON/JUBILEE/RAINWORTH

$525

5

N.A.

3

NORTH WEST - OUTER

$450

54

$420

56

4053

BROOKSIDE/EVERTON PARK/ MCDOWALL/STAFFORD

$450

48

$420

48

SOUTH - INNER

$440

130

$440

116

4103

ANNERLEY/FAIRFIELD

$470

22

$480

24

4051

4013

$410

ALDERLEY/ENOGERRA/GAYTHORNE/ GRANGE/ NEWMARKET/WILSTON

$360

159

$360

140

NORTH - OUTER

$350

251

$345

257

NORTHGATE

$300

26

$330

24

4014

BANYO/NUDGEE/VIRGINIA

4017

BRACKEN RIDGE/BRIGHTON/DEAGON/ SANDGATE

$300

17

$265

16

4018

FITZGIBBON/TAIGUM

$340

8

$320

8

4032

CHERMSIDE/CRAIGSLEA

$380

117

$370

128

4034

ASPLEY/BOONDAL/GEEBUNG/ZILLMERE

$345

77

$345

70

NORTH WEST - INNER

$410

140

$400

129

4059

BALLYMORE/ITHACA/KELVIN GROVE/ RED HILL

$415

90

$400

75

4060

ASHGROVE/DORRINGTON/ ST JOHNS WOOD

$425

41

$440

43

4065

BARDON/JUBILEE/RAINWORTH

$320

9

$300

11

4104

YERONGA

$450

7

$490

13

NORTH WEST - OUTER

$360

82

$380

89

4105

CLIFTON HILL/MOOROOKA/TENNYSON

$420

17

$420

14

BROOKSIDE/EVERTON PARK/ MCDOWALL/STAFFORD

$365

80

$380

84

4120

GREENSLOPES/STONES CORNER

$495

19

$465

24

$415

10

$440

6

4053

$350

6

$350

10

$620

4065

SOUTH - INNER

$350

440

$350

407

4121

EKIBIN/HOLLAND PARK/TARRAGINDI/ WELLERS HILL

4103

ANNERLEY/FAIRFIELD

$332

101

$350

93

4122

MANSFIELD/MT GRAVATT/WISHART

$430

54

$415

35

4104

YERONGA

$345

39

$350

30

SOUTH - OUTER

$400

371

$395

326

4105

CLIFTON HILL/MOOROOKA/TENNYSON

$345

63

$340

67

4107

SALISBURY

$485

6

$465

5

4120

GREENSLOPES/STONES CORNER

$355

98

$345

82

55

$415

48

$365

49

$350

43

ALTANDI/MACGREGOR/ROBERTSON/ SUNNYBANK

$410

4121

EKIBIN/HOLLAND PARK/TARRAGINDI/ WELLERS HILL

4109 4110

ACACIA RIDGE/LARAPINTA/WILLAWONG $350

20

$350

15

4122

MANSFIELD/MT GRAVATT/WISHART

$400

86

$372

91

4112

KURABY

$375

14

$380

21

SOUTH - OUTER

$340

60

$310

44

4113

EIGHT MILES PLAINS/RUNCORN

$415

115

$400

122

4106

BRISBANE MARKET/ROCKLEA

$320

7

$285

6

4115

ALGESTER/PARKINSON

$420

66

$375

25

4108

ARCHERFIELD/COOPERS PLAINS

$400

11

N.A.

4

4116

CALAMVALE/DREWVALE/STRETTON

$390

93

$385

88

4109

ALTANDI/MACGREGOR/ROBERTSON/ SUNNYBANK

$360

17

$350

20

SOUTH EAST - INNER

$480

242

$480

221

EIGHT MILES PLAINS/RUNCORN

$365

8

N.A.

2

4151

COORPAROO

$500

14

$475

17

SOUTH EAST - INNER

$395

497

$380

430

4152

CAMP HILL/CARINA/CARINDALE

$460

118

$455

100

4151

COORPAROO

$350

153

$360

171

4170

CANNON HILL/MORNINGSIDE/NORMAN PARK

$470

69

$495

73

4152

CAMP HILL/CARINA/CARINDALE

$395

50

$365

47

4171

BALMORAL/BULIMBA/HAWTHORNE

$620

26

$530

18

4170

CANNON HILL/MORNINGSIDE/ NORMAN PARK

$410

185

$395

88

4172

MURARRIE

$500

15

$530

13

BALMORAL/BULIMBA/HAWTHORNE

$450

104

$400

119

SOUTH EAST - OUTER

$415

50

$425

79

SOUTH EAST - OUTER

$330

8

$315

9

4154

GUMDALE/RANSOME/WAKERLEY

$420

33

$420

30

TINGALPA

$330

5

$315

7

4173

TINGALPA

$405

11

$410

42

SOUTH WEST - INNER

$390

258

$375

242

SOUTH WEST - INNER

$460

67

$465

62

CHELMER/INDOOROOPILLY/TARINGA

$395

215

$380

204

4068

CHELMER/INDOOROOPILLY/TARINGA

$500

31

$550

24

4075

CORINDA/GRACEVILLE/OXLEY/ SHERWOOD

$430

36

$400

38

4113

4171 4173 4068 4075

4076

CORINDA/GRACEVILLE/OXLEY/ SHERWOOD

$360

43

$340

38

SOUTH WEST - OUTER

$300

12

$300

20

DARRA/WACOL

$275

5

$250

5

20 QUEENSLAND MARKET MONITOR


BRISBANE MARKET UPDATES

RENTAL MARKET - 3 BED TOWNHOUSES (CONTâ&#x20AC;&#x2122;D) POST CODE

JUN-16 LOCALITYL

$/WEEK

JUN-15

NEW BONDS $/WEEK

NEW BONDS

SOUTH WEST - OUTER

$360

226

$365

215

4073

SEVENTEEN MILE ROCKS/SINNAMON PARK

$405

7

$435

8

4074

JINDALEE/MTOMMANEY/SUMNER/ WESTLAKE

$500

13

$405

14

4076

DARRA/WACOL

$375

15

$370

27

4077

DOOLANDELLA/DURACK/INALA/ RICHLANDS

$355

163

$360

120

4078

FOREST LAKE/CAROLE PARK

$360

24

$360

40

BRISBANE SURROUNDS HOUSE SALES

BRISBANE HOUSE SALES Dec-15

Mar-16

Dec-15

Jun-16 *

Mar-16

Jun-16 *

2,804 2,435

1,946 1,965

1,981 1,410 1,408

1,391

1,082 784 758

927 582

547

1,009 671

420 393

123 101 100

44

<$350K

$350K+

$500k+

$1M+

<$350K

*Preliminary data Houses<2,400m

$350K+

$500k+

34

29

$1M+

*Preliminary data Houses<2,400m

BRISBANE UNIT SALES Dec-15

Mar-16

BRISBANE SURROUNDS UNIT SALES

Jun-16 *

Dec-15

1,390

430

1,157 800 Mar-16

Dec-15

Jun-16 *

278

240

*Preliminary data

258 150

246

103 98 86

218

96 90 68

788 $350K+

Jun-16231 *

277

988 993

56 83 60

243 Mar-16

Dec-15 481

$250K+ 590 619

401

296 296 TOOWOOMBA HOUSE SALES

775

397 260

<$250k

Jun-16 *

360

GOLD COAST HOUSE SALES 800 474

Mar-16

11 1

$500k+

$1M+

159 $250K+

<$250k

$350K+

$500k+

86

74

58

179 200 174 43

30

19

BRISBANE LAND SALES

<$350K

$1

*Preliminary data

413

$350K+ Mar-16 Dec-15

*Preliminary data Houses<2,400m

BRISBANE SURROUNDS LAND SALES

$500k+ Jun-16 *

$1M+

<$350K *Preliminary data Houses<2,400m

177

Dec-15

$350K+

Mar-16 $500k+

Jun-16 *

1,126

151 131

833

GOLD COAST UNIT SALES 87 Dec-15 66

52 28

43

331

277

$250K+

$350K+

Dec-15

Mar-16

476

Jun-16 *

Dec-15

541

511

$250K+

156 172

$350K+

$500k+

GOLD COAST LAND SALES $350K+ Dec-15

Mar-16

$500k+ Jun-16 *

79

$350K+ 28

27 $50

25 10

8

220

<$250k

$250K+

68

$350K+

$500k

<$350K

436

Dec-15

Mar-16 327

Jun-16 *

FRASER COAST UNIT SALES

92

Dec-15 41

Mar-16

Jun-16 *

52

39

285

35

$1M+

48 56

187

GLADSTONE HOUSE SALES 28

19 11 10

123 data *Preliminary 110

150 $250K+

Mar-16 $500k+

137

Jun-16 *

46 239 241 23 34 232 21 21 11 9 BUNDABERG HOUSE SALES 215 Dec-15 Mar-16 Jun-16 * 172 $250K+ $350K+ $500k+

<$250k

Dec-15

$350K+

SUNSHINE COAST & NOOSA UNIT SALES 145 286 285 94

23

18

9 TOOWOOMBA LAND SALES

*Preliminary data Houses<2,400m

150

71

$1M+

*Preliminary data Houses<2,400m

*Preliminary data

41

24

15

99

$1M+

91

51

<$350K

<$250k

63

*Preliminary 102 data

89

95 196

Jun-16 * $250K+ 40

22

92

289

56

32

495 362

Mar-16 <$250k

26

283

*Preliminary data

94

204

*Preliminary data

292

629

210

Jun-16 *

FRASER COAST HOUSE SALES $500k+

698

<$250k

Mar-16

63

SUNSHINE567 COAST & NOOSA 603 HOUSE SALES

*Preliminary data

Dec-15 431 464 75

58

689 666

<$250k

TOOWOOMBA UNIT SALES

573

82

883 888

863 842

22

93 Jun-16 *

Mar-16

27

26 Mar-16 <$250k

Dec-15 57

10

9

19

$250K+

9

7

4

Jun-16 *

$350K+

*Preliminary data

44

43

44

11 7

6

40

2 $350K+

$500k+

$1M+ <$250k *Preliminary data

24

JUNE QUARTER 2016

$250K+

17

$350K+

21

3

$500k


REGIONAL MARKET UPDATES

GOLD COAST The Gold Coast residential property market continued to strengthen and was one of the strongest markets in Queensland this quarter. The increase in the median sale price of houses has been positive over the past four quarters, reaching the largest annual median sale price increase in Queensland of 6.7 per cent to June 2016. The performance of the unit market remains volatile but contrary to predictions it improved over the June 2016 quarter. The large-scale infrastructure under way on the Gold Coast, for the Commonwealth Games, has benefited the property market. A recent project was the $40 million Coomera Indoor Sports Centre, and Stage 2 of the $420 million Gold Coast Light Rail extension project has just commenced. More than $5 billion in residential and commercial projects is under way on the Gold Coast. Some of these projects are: • $1 billion Jewel residences in Surfers Paradise - the largest five-star development with a hotel on the Gold Coast. • Pacific Fair renovation, with an expected project value of $670 million. • Jupiter’s Hotel and Casino renovation with an estimated investment of $350 million. With significant infrastructure projects under way and large-scale residential and commercial development happening, the Gold Coast is booming. Tourism numbers are up, boosted by the weaker Australian dollar. The Gold Coast's prospects are good; it is a modern city that offers residents outstanding healthcare, first-rate education, and good employment opportunities. HOUSE MARKET

The house market on the Gold Coast is solid and its prospects are good with the type of buyers currently including interstate investors. Despite the uncertainty triggered by the lengthy federal election campaign, the median sale price of houses increased for a fourth consecutive quarter, reaching an annual median sale price of $560,000 compared to $525,000 over 12 months ago. The five-year performance of the market has also been solid, reaching an accumulated increase of 14.9 per cent, equivalent to an annual increase of 2.8 per cent.

22 QUEENSLAND MARKET MONITOR

The largest volume of sales was in the $500,000 $1million price bracket. However, local real estate agents have noted higher demand for high-end properties closer to the beach. This aligns with the quarterly increase in the median sale price in Broadbeach Waters from $1.04 million in March to $1.1 million in June and Mermaid Beach from $1.3 million in March to $1.54 million in June. Stock on market and total listings have both shown a slight reduction, potentially contributing to the upward trend on the median sale price. Median days on market have contracted by about a week over the past 12 months, sitting slightly above one month. Median vendor discounting has also contracted to 4.2 per cent in May 2016. Market trend indicators are clearly showing a market operating in a high-demand environment. UNIT MARKET

The unit market performance remains volatile, but it has returned to positive territory, reaching a quarterly increase of 1.6 per cent in June 2016. Over the past 12 months, the unit market increased moderately from $367,850 in June 2015 to $380,000 in June 2016. Over the medium term, the median sale price showed a slight increase from $370,000 in June 2011 to $380,000 in June 2016. Local real estate agents are noting a higher interest in units close to public transport. The largest volume of activity remains in the $250,000 to $500,000 median sale price range. Market trend indicators are showing a potential increase in demand in the unit market. Median days on market have reduced from 60 days in May 2015 to 52 in May 2016 while median vendor discount dropped from 5.2 per cent in May 2015 to 4.4 per cent in May 2016


REGIONAL MARKET UPDATES

SALES MARKET - HOUSES

SALES MARKET - UNITS & TOWNHOUSES QTRLY CHANGE

ANNUAL MEDIAN SALE

SUBURB/LGA

NO. SALES

MEDIAN SALE

1YR 5YR CHANGE CHANGE

GOLD COAST (LGA)

1438

$580,156

3.6%

$560,000

6.7%

14.9%

GOLD COAST (LGA) ^

152

$782,500

7.9%

$740,000

3.3%

10.4%

ANNUAL MEDIAN SALE (5YRS AGO)

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

ANNUAL MEDIAN SALE (5YRS AGO)

SUBURB

NO. SALES

$487,500

GOLD COAST (LGA)

2001

$390,000

1.6%

$380,000

3.3%

2.7%

$370,000

$670,000

ARUNDEL

20

$332,500

1.1%

$325,000

2.4%

1.6%

$320,000 $305,000

ARUNDEL

30

$557,500

1.8%

$545,000

4.8%

16.0%

$470,000

ASHMORE

24

$282,500

-10.3%

$287,500

-2.5%

-5.7%

ASHMORE

41

$596,000

10.4%

$545,000

7.9%

26.7%

$430,000

BENOWA

15

N/A

N/A

$538,750

-6.6%

16.1%

$463,980

BENOWA

34

$895,000

27.9%

$765,000

1.1%

10.1%

$695,000

BIGGERA WATERS

64

$342,000

-10.4%

$427,000

2.2%

34.7%

$317,000

BIGGERA WATERS

22

$752,500

6.6%

$660,000

5.2%

47.7%

$447,000

BILINGA

17

N/A

N/A

$490,000

9.2%

-10.9%

$550,000

BONOGIN ^

17

N/A

N/A

$725,000

11.5%

15.1%

$630,000

BROADBEACH

100

$417,500

-9.2%

$440,000

1.2%

-12.9%

$505,000 $375,500

BROADBEACH WATERS

57

$1,095,000 5.8%

$975,000

18.9%

30.4%

$747,500

BROADBEACH WATERS

12

N/A

N/A

$478,000

18.0%

27.3%

BUNDALL

23

$915,000

-8.5%

$945,000

13.9%

7.4%

$880,000

BUNDALL

5

N/A

N/A

$329,200

-1.0%

-6.6%

$352,500

BURLEIGH HEADS

19

N/A

N/A

$714,000

13.9%

27.5%

$560,000

BURLEIGH HEADS

73

$440,000

6.0%

$427,000

7.1%

10.9%

$385,000

BURLEIGH WATERS

40

$675,000

-1.5%

$680,000

7.4%

24.5%

$546,250

BURLEIGH WATERS

29

$410,000

7.9%

$380,000

3.4%

7.8%

$352,500

CARRARA

36

$508,450

-1.7%

$502,000

7.3%

18.1%

$425,000

CARRARA

42

$433,000

9.8%

$410,000

-6.0%

-1.9%

$418,000 $502,000

CLEAR ISLAND WATERS

12

N/A

N/A

$930,000

-2.2%

16.3%

$800,000

CLEAR ISLAND WATERS

15

N/A

N/A

$422,000

-6.7%

-15.9%

COOLANGATTA

3

N/A

N/A

$783,000

7.6%

29.4%

$605,000

COOLANGATTA

60

$450,000

-10.0%

$464,000

3.4%

3.1%

$450,000

COOMBABAH

25

$439,000

2.1%

$438,500

1.4%

8.9%

$402,500

COOMBABAH

24

$331,000

-2.5%

$335,000

0.0%

3.1%

$325,000

COOMERA

20

$407,500

-11.2%

$440,000

3.0%

18.0%

$373,000

COOMERA

55

$400,000

6.6%

$363,900

3.9%

14.1%

$319,000

CURRUMBIN

5

N/A

N/A

$782,500

-16.6%

30.4%

$600,000

CURRUMBIN

16

N/A

N/A

$432,500

-3.2%

7.3%

$403,000 $316,000

CURRUMBIN VALLEY ^

4

N/A

N/A

$720,000

-14.6%

-12.7%

$825,000

CURRUMBIN WATERS

15

N/A

N/A

$335,000

-4.3%

6.0%

CURRUMBIN WATERS

30

$605,000

7.8%

$580,000

8.7%

18.9%

$488,000

ELANORA

18

N/A

N/A

$365,000

17.9%

10.2%

$331,250

ELANORA

28

$636,000

6.4%

$581,000

8.1%

13.7%

$511,000

HELENSVALE

30

$350,000

-14.6%

$411,250

11.2%

-6.4%

$439,500

GILSTON

6

N/A

N/A

$525,000

7.1%

6.1%

$495,000

HIGHLAND PARK

5

N/A

N/A

$275,000

3.8%

-6.8%

$295,000

HELENSVALE

69

$580,000

-2.0%

$560,000

7.7%

17.9%

$475,000

HOLLYWELL

5

N/A

N/A

$655,500

8.4%

-47.6%

$1,250,000 $530,000

HIGHLAND PARK

23

$459,000

-4.1%

$475,000

9.2%

12.0%

$424,000

HOPE ISLAND

78

$546,000

-17.3%

$595,000

20.3%

12.3%

HOLLYWELL

14

N/A

N/A

$620,000

-1.6%

11.7%

$555,000

LABRADOR

92

$325,000

-3.6%

$330,000

0.0%

6.5%

$310,000

HOPE ISLAND

16

N/A

N/A

$641,500

19.9%

10.1%

$582,500

MAIN BEACH

47

$697,500

11.6%

$670,000

20.7%

11.7%

$600,000

JACOBS WELL

2

N/A

N/A

$412,500

3.1%

-0.6%

$415,000

MERMAID BEACH

61

$350,000

-2.8%

$355,000

-1.4%

-4.1%

$370,000

LABRADOR

25

$450,000

-8.7%

$480,000

6.7%

20.8%

$397,500

MERMAID WATERS

40

$321,000

-13.0%

$358,750

11.8%

16.7%

$307,500

LOWER BEECHMONT

2

N/A

N/A

$396,000

11.6%

0.3%

$395,000

MERRIMAC

16

N/A

N/A

$359,500

6.6%

-13.6%

$416,000

MAUDSLAND

9

N/A

N/A

$470,000

2.0%

3.2%

$455,500

MIAMI

49

$415,000

-1.8%

$415,000

12.2%

13.7%

$365,000

MERMAID BEACH

20

$1,540,000 18.5%

$1,300,000

30.0%

25.0%

$1,040,000

MUDGEERABA

16

N/A

N/A

$320,000

-3.8%

-1.7%

$325,500

MERMAID WATERS

38

$752,500

$760,000

4.1%

26.7%

$600,000

NERANG

40

$285,500

-9.1%

$300,000

0.3%

0.0%

$300,000

1.8%

MERRIMAC

19

N/A

N/A

$469,000

2.0%

15.5%

$406,000

ORMEAU

12

N/A

N/A

$357,250

6.0%

-3.0%

$368,250

MIAMI

15

N/A

N/A

$675,000

12.6%

22.7%

$550,000

OXENFORD

12

N/A

N/A

$304,000

6.2%

8.6%

$280,000 $395,000

MOLENDINAR

16

N/A

N/A

$570,000

7.8%

12.3%

$507,495

PACIFIC PINES

17

N/A

N/A

$330,000

-5.7%

-16.5%

MUDGEERABA

23

$545,500

3.4%

$519,500

4.4%

14.2%

$455,000

PALM BEACH

52

$395,000

7.6%

$360,000

6.8%

-0.7%

$362,500

MUDGEERABA ^

3

N/A

N/A

$715,000

9.2%

10.8%

$645,500

PARADISE POINT

32

$607,000

13.0%

$595,000

-8.5%

9.7%

$542,500

NERANG

47

$435,000

9.0%

$406,250

5.1%

12.8%

$360,000

PARKWOOD

6

N/A

N/A

$331,250

9.0%

4.7%

$316,500

NERANG ^

4

N/A

N/A

$785,000

3.2%

0.0%

$785,000

PIMPAMA

22

$339,000

14.1%

$298,000

-12.4%

-18.6%

$365,900 $315,000

ORMEAU

51

$462,000

2.7%

$454,000

5.4%

5.6%

$430,000

REEDY CREEK

13

N/A

N/A

$310,000

5.1%

-1.6%

ORMEAU HILLS

17

N/A

N/A

$487,250

5.6%

4.2%

$467,500

ROBINA

69

$388,000

-7.4%

$412,000

-5.3%

-10.4%

$460,000

OXENFORD

37

$507,500

7.4%

$473,750

5.3%

7.7%

$440,000

RUNAWAY BAY

25

$515,000

12.0%

$495,000

23.8%

30.3%

$380,000

PACIFIC PINES

58

$500,500

-5.6%

$496,000

4.4%

9.0%

$455,000

SOUTHPORT

169

$368,000

2.5%

$368,000

7.1%

7.6%

$342,050

PALM BEACH

50

$700,000

0.0%

$690,000

12.2%

27.8%

$540,000

SURFERS PARADISE

313

$375,000

4.2%

$360,000

2.9%

-4.0%

$375,000 $350,000

PARADISE POINT

20

$835,000

-14.8%

$881,000

-2.1%

11.5%

$790,000

TUGUN

25

$435,000

10.1%

$405,000

6.6%

15.7%

PARKWOOD

25

$575,000

4.6%

$550,000

6.8%

16.5%

$472,000

UPPER COOMERA

22

$337,500

1.5%

$332,000

5.4%

-4.1%

$346,250

PIMPAMA

27

$446,000

2.8%

$435,000

-0.2%

15.7%

$376,000

VARSITY LAKES

68

$423,500

1.9%

$409,500

3.4%

6.4%

$385,000

REEDY CREEK

26

$748,400

4.7%

$746,700

16.7%

15.4%

$647,000

ROBINA

60

$628,088

-1.1%

$625,000

7.5%

19.0%

$525,000 $810,000

RUNAWAY BAY

31

$917,500

-10.5%

$960,000

8.1%

18.5%

SOUTHPORT

50

$535,000

-6.1%

$539,000

8.9%

22.5%

$440,000

SURFERS PARADISE

28

$1,280,000 -11.7%

$1,280,000

4.5%

-0.8%

$1,290,000

TALLAI ^

6

N/A

$850,000

9.5%

16.8%

$728,000

TALLEBUDGERA ^

12

TALLEBUDGERA VALLEY ^ 7

N/A

N/A

N/A

$820,000

7.0%

0.6%

$815,000

N/A

N/A

$760,000

0.0%

3.8%

$732,500

TUGUN

18

N/A

N/A

$550,000

13.3%

25.0%

$440,000

UPPER COOMERA

111

$447,500

-1.9%

$440,750

5.3%

7.5%

$410,000

VARSITY LAKES

24

$550,000

-7.6%

$557,500

4.7%

18.9%

$468,750

WONGAWALLAN ^

4

N/A

N/A

$690,000

6.2%

7.0%

$645,000

WORONGARY

10

N/A

N/A

$437,500

6.7%

11.3%

$393,000

WORONGARY ^

14

N/A

N/A

$719,000

5.7%

20.3%

$597,500

.RENTAL MARKET Vacancy rates on the Gold Coast remained tight at 1.4 per cent over the June 2016 quarter. Local agents have noted the large influx of employees seeking rental properties as the main drivers for a tight rental market. Over the past 12 months, the median weekly rent for three-bedroom houses increased by $10 to $460 while the two-bedroom units median weekly rent increased by $15 to $395 per week. The gross rental yields for houses and units are sitting at about 4.1 per cent and 5.3 per cent respectively.

JUNE QUARTER 2016

23


REGIONAL MARKET UPDATES

RENTAL MARKET - 2 BED UNITS

SALES MARKET - VACANT LAND NO. SALES

SUBURB

MEDIAN SALE

ANNUAL MEDIAN SALE

QTRLY CHANGE

1YR 5YR CHANGE CHANGE

ANNUAL MEDIAN SALE (5YRS AGO)

GOLD COAST (LGA)

210

$240,000

0.4%

$239,950

3.0%

4.3%

$230,000

GOLD COAST (LGA) ^

26

$400,000

14.3%

$362,500

-2.0%

-19.0%

$447,500

COOMERA

29

$230,500

-2.1%

$235,000

0.4%

14.6%

$205,000

ELANORA

0

N/A

N/A

$358,500

12.0%

15.6%

$310,000

GILSTON

3

N/A

N/A

$295,000

11.3%

17.4%

$251,250

HELENSVALE

1

N/A

N/A

$500,000

-8.9%

19.0%

$420,000

HOPE ISLAND

0

N/A

N/A

$475,000

21.8%

3.6%

$458,500

MAUDSLAND

0

N/A

N/A

$234,000

2.6%

-10.0%

$260,000

ORMEAU

5

N/A

N/A

$229,500

-0.1%

-8.6%

$251,000

ORMEAU HILLS

7

N/A

N/A

$219,850

0.0%

-0.8%

$221,569

PACIFIC PINES

3

N/A

N/A

$228,975

1.2%

-4.6%

$240,000

PIMPAMA

130

$240,000

0.0%

$240,000

4.8%

9.1%

$220,000

REEDY CREEK

4

N/A

N/A

$374,000

13.3%

11.1%

$336,738

UPPER COOMERA

5

N/A

N/A

$237,300

1.0%

2.9%

$230,590

RENTAL MARKET - 3 BED HOUSES POST CODE

JUN-16 $/WEEK

LOCALITYL

JUN-15

NEW BONDS $/WEEK

NEW BONDS

GOLD COAST CITY

$460

900

$450

952

4208

GILBERTON/JACOBS WELL/ORMEAU

$400

18

$400

25

4209

CANOWINDRA/COOMERA/ PIMPAMA/ WILLOW VALE/ YAWALPAH

$390

122

$390

108

OXENFORD/STUDIO VILLAGE/ WONGAWALLAN

$455

4211

ADVANCETOWN/BEECHMONT/ BINNA BURRA/CARRARA/ GAVEN/ NERANG

$425

91

$400

112

4212

BOYKAMBIL/HELENSVALE/HOPE ISLAND/ $490 SANCTUARY COVE

61

$470

49

4213

AUSTINVILLE/MUDGEERABA/ SPRINGBROOK/ TALLAI/ WORONGARY

$470

32

$460

33

4214

ARUNDEL/ASHMORE/ERNEST/ PARKWOOD $450

85

$430

86

4215

CHIRN PK/SOUTHPORT/LABRADOR/ KEEBRA PK

4216

4210

11

$430

$420

22

POST CODE

JUN-16 $/WEEK

LOCALITYL

JUN-15

NEW BONDS $/WEEK

NEW BONDS

GOLD COAST CITY

$395

2384

$380

2420

4209

CANOWINDRA/COOMERA/ PIMPAMA/ WILLOW VALE/ YAWALPAH

$325

14

$318

11

4210

OXENFORD/STUDIO VILLAGE/ WONGAWALLAN

$320

25

$310

18

4211

ADVANCETOWN/BEECHMONT/ BINNA BURRA/CARRARA/ GAVEN/ NERANG

$315

32

$320

41

4212

BOYKAMBIL/HELENSVALE/HOPE ISLAND/ $400 SANCTUARY COVE

37

$400

45

4214

ARUNDEL/ASHMORE/ERNEST/ PARKWOOD

$225

22

$300

18

4215

CHIRN PK/SOUTHPORT/LABRADOR/ KEEBRA PK

$375

539

$360

519

4216

BIGGERA WTRS/ COOMBABAH/ $380 HOLLYWELL/ PARADISE PT/ RUNAWAY BAY

241

$370

225

4217

BENOWA/BUNDALL/MAIN BCH/ SORRENTO/ SURFERS PARADISE

$430

489

$420

556

4218

BROADBEACH/MERMAID BCH/ NOBBY BCH/RIALTO

$410

326

$380

321

4220

ANDREWS/BURLEIGH/MIAMI/TALLY VALLEY $420

202

$400

211

4221

ELANORA/PALM BCH

$360

133

$335

132

4223

CURRUMBIN/CURRUMBIN VALLEY

$415

29

$380

28

4224

TUGUN

$360

34

$350

33

4225

BILINGA/COOLANGATTA/GREENMOUNT/ $385 KIRRA/ RAINBOW BAY

112

$350

106

4226

KERRYDALE/MERRIMAC/ROBINA

$430

55

$420

50

4227

REEDY CK/STEPHENS/VARSITY LAKES

$360

86

$340

98

SCENIC RIM REGIONAL

$220

35

$225

24

BEAUDESERT/ CEDAR VALE/ INNISPLAIN/ $220 KOORALBYN/ LAMINGTON/ ETC

30

$220

17

4285

RENTAL MARKET - 3 BED TOWNHOUSES POST CODE

JUN-16 $/WEEK

LOCALITYL

JUN-15

NEW BONDS $/WEEK

NEW BONDS

GOLD COAST CITY

$400

1083

$400

1170

4208

GILBERTON/JACOBS WELL/ORMEAU

$385

11

$385

8

101

$430

113

BIGGERA WTRS/ COOMBABAH/ $450 HOLLYWELL/ PARADISE PT/ RUNAWAY BAY

54

$455

61

4209

CANOWINDRA/COOMERA/ PIMPAMA/ WILLOW VALE/ YAWALPAH

$375

207

$370

172

4217

BENOWA/BUNDALL/MAIN BCH/ SORRENTO/ SURFERS PARADISE

$595

47

$550

42

4210

OXENFORD/STUDIO VILLAGE/ WONGAWALLAN

$380

13

$370

19

4211

ADVANCETOWN/BEECHMONT/ BINNA BURRA/CARRARA/ GAVEN/ NERANG

$400

173

$385

208

4212

BOYKAMBIL/HELENSVALE/HOPE ISLAND/ $450 SANCTUARY COVE

61

$450

34

$385

34

$380

54

86

$420

138

80085 775

$400

93

$550

53

44 96 34 902968 $460

33

34

$1M+ $1M+

38

4218

BROADBEACH/MERMAID BCH/ NOBBY BCH/RIALTO

$570

43

$550

55

4220

ANDREWS/BURLEIGH/MIAMI/TALLY VALLEY $520

50

$500

58

4221

ELANORA/PALM BCH

52

$495

40

$520

4223

CURRUMBIN/CURRUMBIN VALLEY

4224

TUGUN

$520

22

$500

19

$495

8

$450

11

$490 2,804

68

$475

86

$4802,435

28

$470

24

BRISBANE HOUSE SALES Dec-15

Mar-16

Jun-16 *

4226

KERRYDALE/MERRIMAC/ROBINA

4227

REEDY CK/STEPHENS/VARSITY LAKES SCENIC RIM REGIONAL

$345

115

$350

107

4272

MT TAMBORINE

$430

29

$410

30

4285

BEAUDESERT/ CEDAR VALE/ INNISPLAIN/ $320 KOORALBYN/ LAMINGTON 784 758

48

$305

43

4310

BOONAH/ DUGANDEN/ MT ALFORD

20

420 $270 393

11

582

1,981

$280

547

4213 4214 4215 4216 4217 4218

$350K+

$500k+

$1M+

4220

*Preliminary data Houses<2,400m

1,946 1,390 CHIRN PK/SOUTHPORT/LABRADOR/ 1,965

KEEBRA PK

4221

Mar-16

$510

BROADBEACH/MERMAID BCH/ NOBBY 56 83 60 BCH/RIALTO

$480

<$350K <$250k

$350K+ $250K+

ANDREWS/BURLEIGH/MIAMI/TALLY VALLEY$350K+ $440

*Preliminary data *Preliminary data Houses<2,400m

21 $500k+ $500k+

$440

26

$415

33

4223

CURRUMBIN/CURRUMBIN VALLEY

$460

17

$380

10

4224

TUGUN

$450

18

$445

21

4226

KERRYDALE/MERRIMAC/ROBINA

$465

134

$450

155

4227

REEDY CK/STEPHENS/VARSITY LAKES

$440

72

$430

63

TOOWOOMBA SALES GOLD COASTHOUSE UNIT SALES Dec-15

Jun-16 *

Dec-15

Mar-16

Mar-16

Jun-16 *

Jun-16 *

277 246

240 863 842

567

590 619

883 888

218

788

603

689 666

159

476

413

331

179 200 174

<$350K

671 42 481

$420

988 993

43

1,009

ELANORA/PALM BCH

278

30

927

BENOWA/BUNDALL/MAIN BCH/ 474 397 SORRENTO/ SURFERS PARADISE

GOLD COAST HOUSE SALES Dec-15

$420

1,157

1,410 BIGGERA WTRS/ COOMBABAH/ 1,391 1,408 $380 800 HOLLYWELL/1,082 PARADISE PT/ RUNAWAY BAY

260

123 101 100 <$350K

AUSTINVILLE/MUDGEERABA/ BRISBANE SURROUNDS HOUSE SALES $390 29 SPRINGBROOK/ TALLAI/ WORONGARY Dec-15 Mar-16 Jun-16 * BRISBANE UNIT SALES ARUNDEL/ASHMORE/ERNEST/ $395 Jun-16 * 46 Dec-15 Mar-16 PARKWOOD

277

86 210

74

58

156 172

19 $350K+

*Preliminary data Houses<2,400m

24 QUEENSLAND MARKET MONITOR

$500k+

$1M+

<$250k <$350K *Preliminary *Preliminary data data Houses<2,400m

$250K+

$350K+ $350K+

$500k+

$500k+

$1M+

99


REGIONAL MARKET UPDATES

BRISBANE LAND SALES Dec-15

Mar-16

BRISBANE SURROUNDS LAND SALES

Jun-16 *

Dec-15

Mar-16

Jun-16 *

1,126

177 151 131

833 93

87

573

82

66

52

431 464

58 43

28

204

22

56 <$250k

$250K+

$350K+

$500k+

*Preliminary data

<$250k

$250K+

63

41

24

$350K+

27

22

$500k+

*Preliminary data

GOLD COAST LAND SALES Dec-15

Mar-16

TOOWOOMBA LAND SALES Dec-15

Jun-16 *

Mar-16

Jun-16 *

137

436

92

289

150

52

145 94 46

<$250k *Preliminary data

$250K+

23 34 21 $350K+

21 11 $500k+

9

10

19 11 10 $1M+

<$250k

9

4

7

$250K+

9

6

$350K+

*Preliminary data

JUNE QUARTER 2016

25


REGIONAL MARKET UPDATES

TOOWOOMBA The Toowoomba residential property market has started to lose momentum with the quarterly median sale price for houses and units reducing by 2.3 per cent and 2.7 per cent respectively. This performance is attributed to the long federal election campaign and the uncertainty of the negative gearing debate. Over a 12-month period, the residential property market has been relatively flat with units performing better than houses and reaching a median sale price annual increase of about 3.7 per cent. This performance is mainly a consequence of a market operating in equilibrium where demand meets supply very closely.

annual increase of about 3.3 per cent. UNIT MARKET

The unit median sale price contracted by 2.7 per cent over the quarter. However, its performance over the medium term was solid, reaching an accumulated increase of 26.8 per cent over five years. The sale of new, quality units is now driving demand. Developers have more realistic price expectations, which explains the reduction in the median sale price from $310,000 in March to $301,500 in June.

The Second Range Crossing project is yet to generate the expected 1,800 jobs and the associated flow-on effect into the local economy, but it will eventuate in the medium-term.

The volume of sales increased from 125 in December 2015 to 142 in March 2016. The preliminary June 2016 volume of sales was 84 days, potentially indicating a contraction of demand over the quarter.

The Grand Central QIC redevelopment is now starting to generate more jobs in retail and hospitality with a total of 120 retail accommodation openings in September 2016 or by June 2017.

The median vendor discount increased to 4.4 per cent in June. However, it remains as one of the lowest in regional Queensland. Median days on market now exceed two months, compared to 49 days for housing dwellings.

A masterplanned residential community, Ferleigh Westbrook, was announced in June 2016 by Hallmark Property. The proposed development is located about 8km or 15 minutes south-west from the CBD. The project is at a planning stage and is forecast to deliver about 1500 residential allotments along with the development of a town centre, which will include retail and commercial accommodation, a childcare centre and community facilities.

RENTAL MARKET

Toowoomba is a diversified economy, which does not seem to rely on one sector or a dominant employer to create jobs. This provides solid grounds for a positive outlook for the residential property market in Toowoomba. HOUSE MARKET

Toowoomba remains an affordable market in the southeast corner and is primarily driven by owner-occupiers looking for properties with a price range below $350,000. Suburbs like East Toowoomba and Middle Ridge performed strongly, with a few sales over the $1 million price range and with a median sale price above $500,000, which is equivalent to about $200,000 more than the Toowoomba LGA median sale price. The volume of activity continued easing over the past few quarters. This trend is now starting to impact on the median sale price, which dropped by 2.3 per cent over the quarter and increased by only 0.1 per cent over a 12-month period. Median days on market and vendor discounting are indicating a market cooling down. Days on market increased from 33 days in May 2015 to 49 days in May 2016 and vendor discounting also increased from 3.7 per cent in May 2015 to 5 per cent in May 2016. The medium-term growth (five years) of the median sale price was 17.5 per cent to June 2016. This represents an

26 QUEENSLAND MARKET MONITOR

Local agents indicate the rental market is moving slowly and vacancy rates are higher than historical rates (which fluctuated in the vicinity of 1 per cent between 2012 and 2014). Vacancy rates have improved over the June quarter, falling from 3 per cent in March to 2.3 per cent in June due to investorsâ&#x20AC;&#x2122; expectations being more realistic and providing discounts on the weekly rent to secure tenants. Despite the increase in the number of new bonds by about 60, the median weakly rent for three-bedroom houses remained unchanged at $300 in the past 12 months to June 2016. Local agents have noticed a switch in demand from units to medium-size houses, which potentially contributed to the reduction in the median weekly rent of two-bedroom units from $250 in June 2015 to $245 in June 2016. The forecast of the rental market is stable as there seems to be sufficient stock of housing to meet potentially increasing demand driven by new workers to the region.


Dec-15

Mar-16

Jun-16 *

Dec-15

1,390

430

474

397 SUBURB 260

Dec-15 Mar-16 Jun-16 * 481 ANNUAL MEDIAN QTRLY MEDIAN SALE CHANGE 988 993 SALE 96 90 68 788

NO. SALES

83 60

TOOWOOMBA (LGA)

466

CENTENARY HEIGHTS

28

$353,000

8 19 11

$250K+

$350K+ TOOWOOMBA (LGA) ^

43

30

$343,000

*Preliminary data

16 * Mar-16 Jun-16 Houses<2,400m

GLENVALE ^

177

HARLAXTON

28

22

-3.0%

12.8%

$430,000

23.7%

$295,000

N/A

N/A

$274,000

174 3.4% 179 200 16.6%

$235,000

N/A

N/A

$345,000

-1.4%

16.0%

$297,500

$532,500 $350K+ 7.1%

$480,000 $500k+

8.5%

23.9% $1M+

$387,500

N/A

$360,000

-4.0%

15.2%

$312,500

N/A

3

N/A

N/A

$489,500

-12.8%

7.3%

$456,250

N/A

N/A

$289,000

3.2%

27.0%

$227,500

N/A

66 863 KEARNEYS SPRING883 888 842

19

N/A

27

$378,000

KINGSTHORPE

7

N/A

KLEINTON 567

Jun-16 93 *

y31 data

277

210

<$250k

1.0%

19.2%

$440,500

N/A

$372,500

-2.0%

12.9%

$330,000

$315,000

1.2%

28.6%

$245,000

$517,500

Jun-16 *

$385,000

698 629$496,250

4.2%

30.7%

$396,000

-1.5%

20.3%

$320,000

-2.7%

15.9%

$428,000

541 $412,500 511

0.6% $460,000 156 172

5.5%

39.4%

$330,000

$309,250

2.2%

$305,500

-1.5%

19.8%

$255,000

NORTH TOOWOOMBA

12

N/A

$302,500

-5.0%

17.0%

$258,500

$350K+

94

N/A

495

99

362

$500k+

12

89

$1M+

N/A

N/A

$228,500

3.9%

651

N/A

N/A

$290,000

4.9% 91

34

$390,000

-6.3%

$415,000

-4.6%

<$350K

$350K+

$500k+

N/A

$225,000 $275,500

12.2%

$370,000

$1M+

GOLDTOOWOOMBA COAST LAND SALES SOUTH Houses<2,400m 32

N/A

$325,000

-8.5%

$330,000

-0.9%

17.0%

$282,000

Dec-15 Mar-16 TOOWOOMBA CITY

Jun-16 3 *

N/A

N/A

$362,000

2.1%

31.2%

$276,000

WESTBROOK

12

N/A

N/A

$442,000

-2.9%

11.2%

$397,500

WILSONTON

18

N/A

N/A

$310,000

-1.6%

14.8%

$270,000

N/A

$300,000

3.5%

18.9%

$252,250

N/A

$345,000

2.8%

18.5%

$291,250

6 * Jun-16

Mar-16 327

286 285 145

N/A

94

232 GOONDIWINDI (LGA) 46215 23 34 21

GOONDIWINDI

17 13

196 $350K+

$250K+

21 11

187

150

16

WARWICK

N/A

Mar-16

11.4%

N/A

N/A

N/A

$265,000

-12.6% -4.5%

-1.9%

<$250k

$290,000

-10.8%

27

N/A 64 $1M+ 59

$254,000

33 <$350K

1.6%

5.4%

-0.8%

$244,500

$325,000

-2.4%

0.8%

$322,500

$241,250

7.2%

-3.5%

$250,000

$246,000 34

3.8%

-2.4%

$252,000

10

5

-3.6% $350K+ $202,500

-19.0% -23.4% $500k+

$264,500

N/A

N/A

-0.1%

$380,000

CHINCHILLA

N/A

N/A

$260,000

-16.4%

-10.0%

$289,000

DALBY 19 SALES N/A SUNSHINE COAST & NOOSA LAND

N/A

$214,000

-16.1%

-15.1%

$252,000

N/A

$402,500

-1.8%

-4.1%

$419,500

10 4 * Jun-16

Mar-16

N/A

$349,500

-8.0%

<$350K BRISBANE *Preliminary data Houses<2,400m

47

Mar-16

TOOWOOMBA (LGA) 119

29

65

CENTENARY HEIGHTS

3

N/A

12

N/A

59

22 21 HARRISTOWN 18

35203

HIGHFIELDS

N/A

N/A

0

$250K+ WILSONTON

N/A $1M+

8 N/A 3

6

N/A5

153

10

$337,000

13

N/A

9

SOUTH TOOWOOMBA <$250k

N/A

15 18

6

RANGEVILLE

ary data

Dec-15N/A Mar-16 $329,000 Jun-16 *

14 $500k+ N/A

8

NEWTOWN

data

215

12 28 1

KEARNEYS SPRING $250K+ $350K+

50k

86 $301,500 & -2.7% $310,000 ROCKHAMPTON LIVINGSTONE HOUSE3.7% SALES 26.8%

EAST TOOWOOMBA 60 56

2

Jun-16 *

N/A

80

N/A

75

6

2N/A 2 N/A

N/A

3 $350K+ N/A

20.7%

$272,500

38.7%

$243,000

$237,500

-0.6%

8.7%

$218,500

$320,000

100.0%

-1.5%

$325,000

$313,500

4.7%

25.4%

$250,000

$282,500

2.0%

25.6%

$225,000

$356,500

3.0%

22.5%

$291,000

51

$330,625

N/A$500k+ $245,000

<$350K

24.2%

33 7.0%

3337.8% 17

-6.7%

$350K+

16.7%

833

0.4%

$170,000

-0.3%

17.2%

N/A

$190,000

-5.5%

19.5%

$159,000

Dec-15 CRANLEY

1

57

N/A

N/A

$170,500

1.3%

24.9%

$136,500

5

N/A

N/A

$175,000

0.0%

22.4%

$143,000

ROCKHAMPTON & LIVINGSTONE UNIT KEARNEYS SPRING 13 N/A SALES N/A

$187,000

-1.7%

12.7%

$166,000

48

Dec-15

KLEINTON

Mar-16

MIDDLE RIDGE

22 18

WESTBROOK 18

17

WYREEMA

16

1

Jun-16 *

268

2831

SURROUNDS <$250k data

1

1 10

SOUTHERN DOWNS (LGA) 11 6$250K+

N/A

$188,000

7.4%

27.7%

$147,250

N/A

N/A Mar-16

$350,000 Jun-16 *

33.3%

73.7%

$201,500

N/A

$175,000

5.3%

40.0%

$125,000

N/A

$160,000

8.8%

17.7%

$135,900

Dec-15

N/A

2

7

N/A

TOWNSVILLE HOUSE SALES

2

N/A 205 11

229 14

3 7 N/A

4

Jun-16 *

63

204 FRASER COAST HOUSE SALES Mar-16 56 Jun-16 63 *24

Dec-15

41

27

22

40

<$250k 32 292 283

*Preliminary 26 data

$250K+

$350K+ 28 25

22

$500k+

15

220

10

8

<$250k

$250K+102

92

*Preliminary data

$350K+

<$350K

$500k+

23

$350K+

Dec-15

Mar-16

9

$500k+

TOOWOOMBA LAND SALES

*Preliminary data Houses<2,400m

7

71 18

Jun-16 *

137

FRASER COAST UNIT SALES Dec-15

92 41

39

52

57

Mar-16

Jun-16 *

GLADSTONE HOUSE SALES 35 28

26

Dec-15

Mar-16

10

9

Jun-16 *

43

9

7

4

19 44$250K+ 40

*Preliminary data

6

$350K+ 11 7

6 24

3

2

2

17

<$250k

$250K+

$350K+

9

*Preliminary data

<$350K

$350K+

$500k+ 5

$500k+

*Preliminary data Houses<2,400m

FRASER COAST LAND SALES Dec-15

Mar-16

Jun-16 *

133 113

GLADSTONE UNIT SALES Dec-15

Mar-16

Jun-16 *

MACKAY HOUSE SALES 14

Dec-15

Mar-16

Jun-16 *

130 116

110

9

8

6

<$250k

8 6 7 83

4 82 $250K+

*Preliminary data

7

3

<$250k

4 53

$250K+

2

5

70

$350K+ 3 1

28

20

$350K+

17

1

$500k+

$350K+

$500k+

GLADSTONE LAND SALES Dec-15 17

-16.5%

-21.1%

$90,000

11

22

58

46

Dec-15

Mar-16

Jun-16 *

Dec-15

Mar-16

Jun-16 *

CAIRNS & DOUGLAS HOUSE SALES 313

15

16

305

14

160 <$250k *Preliminary data

80

Jun-16 *

MACKAY UNIT SALES

189 133 $71,000 5

Mar-16

19

1691

N/A $350K+ 5

Mar-16

$145,000

Jun-16 * 2

GLENVALE

Dec-15

*Preliminary data Houses<2,400m

TOOWOOMBA (LGA) LAND ^ 17 N/A BUNDABERG SALES Mar-16

$174,500

$500k+

Jun-16 *

75 431 464

*Preliminary data<$350K

*Preliminary data

45

58

TOOWOOMBA UNIT SALES 573

$210,000

Houses<2,400m SALES MARKET - VACANT LAND

TOOWOOMBA (LGA)

Mar-16

$240,000

$500k+

74

1,126

$244,500

-6.1%

$1M+

$350K+ LAND SALES SURROUNDS

Dec-15

BUNDABERG UNIT SALES SALES MARKET - UNITS & TOWNHOUSES Dec-15

$500k+ 86

119 195

$350K+

$270,000

$200,000

Houses<2,400m

$250K+

*Preliminary data

$217,250

*Preliminary data 13 WESTERN DOWNS (LGA) ^

DALBY ^ Dec-15

11 11 11

$247,450

$242,500

15

WESTERN DOWNS (LGA)

1.3%

103 98 86

159

$1M+

3.8% 48 56

246 218

44 <$250k

$245,000

N/A $500k+

41

$220,000

Jun-16 *

150

Jun-16 *

19 11 10

9172

$500k+

SOUTHERN DOWNS (LGA) ^ 33 $350K+

Dec-15

239 241

SOUTHERN DOWNS (LGA) 68 STANTHORPE $250K+

-1.5%

277 240

BUNDABERG HOUSE SALES

285

SURROUNDS

$275,750

1.6% 79 5.3%68

10

WYREEMA Dec-15

nary data

$525,000

58 -0.5% 43

WILSONTON HEIGHTS N/A SUNSHINE COAST & NOOSA8 UNIT SALES

$250k

N/A

N/A N/A Dec-15 Mar-16 N/A 476 $500k+ N/A $587,000 12.9%

*Preliminary data

95

$258,000 $434,500

20

ROCKVILLE

data

22.9% 7.0%

50

RANGEVILLE

50k 110

-0.9% -8.1%

MOUNT LOFTY

$250K+

150

$317,000 $465,000

NEWTOWN

PITTSWORTH

89

-4.4% N/A

689 666 COAST & NOOSA HOUSE SALES SUNSHINE

60310

OAKEY

minary data

82

258 Mar-16

231 Dec-15

278

$298,000

5

MERINGANDAN WEST ^ $350K+ 11 $250K+ MIDDLE RIDGE 23

$250k

17.5%

2.3%

10

87 HIGHFIELDS ^

0.1%

ANNUAL MEDIAN SALE (5YRS AGO)

$485,000

GOLD COAST UNIT 29 SALES $305,000 Mar-16

1YR 5YR CHANGE CHANGE

$365,000

HARRISTOWN 131

Dec-15

243

-8.0%

413

TOOWOOMBA HOUSE SALES

296 296

-5.4%

151

HIGHFIELDS

$350,250

$1M+

$469,000

EAST TOOWOOMBA 20 BRISBANE LAND<$350K SALES GLENVALE Dec-15

-2.3%

$500k+ 590 619

96

CROWS NEST DARLING HEIGHTS

REGIONAL MARKET UPDATES 360

800 GOLD COAST HOUSE SALES 800 SALES MARKET - HOUSES 775

nary data

Jun-16 *

401

1,157

<$250k

Mar-16

0

8 136

1

6

$250K+ 3

3

195 0

0 6

153

5

0

$350K+ 131 5

JUNE QUARTER 2016 92 1

0

27


REGIONAL MARKET UPDATES

RENTAL MARKET - 3 BED HOUSES POST CODE

JUN-16 LOCALITYL

TOOWOOMBA REGIONAL

$/WEEK

JUN-15

NEW BONDS $/WEEK

NEW BONDS

$300

618

$300

556

4350

CENTENARY HEIGHTS/DARLING HEIGHTS/DRAYTON/GLENVALE/ HARLAXTON/HARRISTOWN/KEARNEY $300 SPRINGS/MIDDLE RIDGE/MOUNT LOFTY/ NEWTOWN/RANGEVILLE/ROCKVILLE/ TOOWOOMBA/WESTBROOK/WILSONTON

492

$315

420

4352

CABARLAH/GOWRIE JUNCTION/ HAMPTON/HIGHFIELDS/HODGSON VALE/KLEINTON/MERINGANDAN/ RAVENSBOURNE/WITHCOTT/WYREEMA

$330

28

$360

31

4355

CROWS NEST/EMU CREEK

$255

9

$270

13

4356

PITTSWORTH/MOUNT TYSON

$280

15

$280

13

4357

MILLMERRAN

$250

7

$245

5

4400

KINGSTHORPE

$290

8

$290

6

4401

OAKEY

$270

24

$270

35

GOONDIWINDI REGIONAL

$270

35

$290

35

4387

INGLEWOOD

$210

11

N.A.

3

4390

GOONDIWINDI

$290

22

$295

28

SOUTHERN DOWNS REGIONAL

$260

157

$255

108

4362

ALLORA/HENDON/TALGAI/BERAT/DEUCHAR $280

5

$260

7

4370

WARWICK/ROSENTHAL HEIGHTS/ WOMINA/FREESTONE/MARYVALE

$260

99

$260

55

4380

STANTHORPE/BROADWATER/MOUNT TULLY/SEVERNLEA/SUGARLOAF/ GREENLANDS/PIKEDALE/EUKEY

$250

40

$260

26

WESTERN DOWNS REGIONAL

$210

123

$230

147

4405

DALBY

$230

55

$250

77

4410

JANDOWAE

N.A.

3

$165

5

4413

CHINCHILLA

$200

41

$200

42

4415

MILES

$200

9

$220

16

RENTAL MARKET - 2 BED UNITS TOOWOOMBA REGIONAL

$245

385

$250

401

4350

CENTENARY HEIGHTS/DARLING HEIGHTS/DRAYTON/GLENVALE/ HARLAXTON/HARRISTOWN/KEARNEY $245 SPRINGS/MIDDLE RIDGE/MOUNT LOFTY/ NEWTOWN/RANGEVILLE/ROCKVILLE/ TOOWOOMBA/WESTBROOK/WILSONTON

355

$255

374

4352

CABARLAH/GOWRIE JUNCTION/ HAMPTON/HIGHFIELDS/HODGSON VALE/KLEINTON/MERINGANDAN/ RAVENSBOURNE/WITHCOTT/WYREEMA

$250

10

$264

9

4401

OAKEY

$220

9

$215

9

4614

YARRAMAN

$130

5

N.A.

2

GOONDIWINDI REGIONAL

$175

34

$195

33

GOONDIWINDI

$175

33

$195

32

SOUTHERN DOWNS REGIONAL

$200

54

$205

34

WARWICK/ROSENTHAL HEIGHTS/ WOMINA/FREESTONE/MARYVALE

$210

34

$215

24

STANTHORPE/BROADWATER/MOUNT TULLY/SEVERNLEA/SUGARLOAF/ GREENLANDS/PIKEDALE/EUKEY

$185

16

$205

9

4390

4370 4380

WESTERN DOWNS REGIONAL

$160

61

$190

50

4405

DALBY

$165

32

$200

23

4413

CHINCHILLA

$160

22

$170

22

RENTAL MARKET - 3 BED TOWNHOUSES TOOWOOMBA REGIONAL

$340

32

$320

17

CENTENARY HEIGHTS/DARLING HEIGHTS/DRAYTON/GLENVALE/ HARLAXTON/HARRISTOWN/KEARNEY $330 SPRINGS/MIDDLE RIDGE/MOUNT LOFTY/ NEWTOWN/RANGEVILLE/ROCKVILLE/ TOOWOOMBA/WESTBROOK/WILSONTON

28

$320

15

SOUTHERN DOWNS REGIONAL

$280

7

$300

6

WESTERN DOWNS REGIONAL

$210

18

$290

14

4405

DALBY

$0

0

N.A.

4

4413

CHINCHILLA

$210

15

$350

10

4350

28 QUEENSLAND MARKET MONITOR


REGIONAL MARKET UPDATES

JUNE QUARTER 2016

29


REGIONAL MARKET UPDATES

SUNSHINE COAST The Sunshine Coast residential property market grew over the June quarter. The general sentiment was positive with a large number of residential projects on the horizon and large infrastructure projects supporting job creation. The $1.87 billion Sunshine Coast University Hospital is scheduled for completion in April 2017. Another large project is the upgrade of the highway from Brisbane to Gympie, which has an estimated total budget of $490 million. Other potential projects are Maroochydore City Centre, Sunshine Coast Light Rail, International Submarine Broadband Cable, and the Caloundra CBD. All of these projects are still in the early stages and without funding certainty. A $3 billion Harmony development in Palmview commenced in mid-August 2016. The 15-20 year project is expected to create about 9000 jobs and 4800 homes for 12,000 residents. The Harmony project follows the $5 billion Aura development, by Stockland, which commenced in late 2015. This project in Caloundra South has a timeline of about 30 years and is expected to create 20,000 homes for about 50,000 residents. The job creation in the area is projected to be about 1700 over the first 12 months and more than 30,000 over the next three decades. Local real estate agents feel optimistic about the performance of the residential property market in the Sunshine Coast with the September quarter potentially reporting very good results for the region. Even though housing supply is increasing, the demand continues exceeding supply which creates market competition and price increases. HOUSE MARKET

The Sunshine Coast median sale price in June was $520,000 compared to the Noosa median sale price of $610,000. Noosa appears to be less affordable than other regions in the Sunshine Coast. However, the gap is closing as the annual increase in the median sale price of the Sunshine Coast was 5.2 per cent compared to 2 per cent in Noosa in June 2016. The medium-term performance also shows a reduction in the median sale price gap between Noosa and the Sunshine Coast. Noosa five-year median sale price increased by 4.8 per cent compared to the Sunshine Coast five-year median sale price increase of 13.3 per cent. Local real estate agents indicate new housing developments are now meeting demand in terms of quality and specifications, which is a positive trend for the residential property market in the region. Buyers in the area are primarily families and couples downsizing, first-home buyers and people relocating from southern states. It also seems investors started returning to the market after the federal election.

30 QUEENSLAND MARKET MONITOR

The largest activity in the house market remains in the price range between $500,000 and $1 million. The volume of sales for this price range increased from 629 in December 2015 to 698 in March 2016. Preliminary data indicates a reduction to 495 sales in the June quarter. Number of listings in the region has reduced over 12 months, triggering a fall in the stock on market from 9.5 per cent in May 2015 to 8.6 per cent in May 2016. Local agents have reported an increase in demand for housing below $500,000; however, the stock is not available. Median days on market and vendor discounting improved slightly over 12 months to May 2016 in the Sunshine Coast SD and in the Sunshine Coast LGA. However, Noosa reported a slight increase in both median days on market and vendor discounting. Available vacant land in the Sunshine Coast is usually not flat and is not located in high demand areas close to the coast. Hence, the performance of the land market in a five-year period has not been strong, showing just a small increase in the median sale price of 1.3 per cent. UNIT MARKET

The unit market performance is dependent on location and quality. Units developed with an owner-occupied target market keep performing well. However, holiday units with large body corporate fees are struggling. The performance of the unit market in Noosa has exceeded the performance of the Sunshine Coast LGA in June 2016 and over the past five years. Noosa reported a quarter and five-year increase in the median sale price of 2.4 per cent and 8.3 per cent, respectively. The largest sales activity in the region is reported in units priced between $350,000 and $500,000. The March 2016 quarter reported an increase in the unit sales activity of about 40 properties. Preliminary data for the June quarter indicates a downward trend in the volume of sales. The median days on market and vendor discounting indicators have improved over 12 months to June throughout the different area in the Sunshine Coast SD. Median vendor discounting in Noosa reported the largest improvement over the year, falling from 5.7 per cent in May 2015 to five per cent in May 2016. However, still one of the largest vendor discounting rates in the southeast corner.


REGIONAL MARKET UPDATES

RENTAL MARKET BRISBANE HOUSE SALES Dec-15

Mar-16

SURROUNDS HOUSE SALES SALES MARKET -BRISBANE HOUSES

The Sunshine Coast rental market is strong with high 2,804 demand from tenants. Vacancy 2,435 rates throughout the region, except for Noosa, have1,981 dropped to levels generally below 1.5 per cent, sitting in the tight range. Noosa, has a cyclical 784 758rental market, and generally has 582 420 393 quarter). higher vacancy rates in the winter period547(June 123 101 100 Regardless, Noosa vacancy rates remained at healthy $350K+ $500k+ $1M+ levels, at<$350K 2.4 per cent in June 2016. *Preliminary data Houses<2,400m

The weekly rent for three-bedroom houses and threebedroom townhouses in the Sunshine Coast and Noosa increased by $10 and $25, respectively over the 12 months to June 2016. Two-bedroom unit weekly rents remained unchanged in the Sunshine Coast and increased by $35 in Noosa over the 12 months to BRISBANE UNIT SALES GOLDDec-15 COASTMar-16 HOUSEJun-16 SALES June 2016. * Dec-15

Mar-16

Jun-16 *

Local real estate agents continue hunting for rental 1,157 properties to meet market demand. 988 993 Rental yields for 800 800 houses and units report a downward trend due to the 775 788 481 increase in the median sale price. 474 619 590 397 260

<$250k

1,390

413

56 83 60 $250K+

96 90 68 $350K+

200 174 179 $1M+

$500k+

<$350K

$350K+

$500k+

$1M+

BRISBANE LAND SALES

*Preliminary data Houses<2,400m

Dec-15

Mar-16

Jun-16 *

93

87

82

GOLD COAST UNIT SALES 66

52

Dec-15

28

Mar-16

58

Jun-16 *

43

22 883 888

863

SUNSHINE842 COAST & NOOSA HOUSE SALES <$250k

$250K+

Dec-15

*Preliminary data

$350K+ 689 666

Mar-16

567

$500k+

Jun-16 * 603

541

511

495

156 172

99

362 <$250k

$250K+

$350K+

$500k+

$1M+

*Preliminary data

51

91

GOLD COAST LAND SALES Dec-15

<$350K

Mar-16

$350K+

Jun-16 *

$500k+

79

68

$1M+

$515,000

4.7%

13.2%

$455,000

$615,000

5.1%

9.8%

$560,000

SUNSHINE COAST (LGA)

848

$520,000

1.9%

$510,000

5.2%

13.3%

$450,000

SUNSHINE COAST (LGA) ^ 182

$630,000

5.4%

$620,000

5.1%

12.7%

$550,000

ALEXANDRA HEADLAND

N/A

N/A

$970,000

27.6%

$500k+ $480,000

4.4%

150

SUNSHINE COAST & NOOSA UNIT SALES 145

Dec-15 94 46 286 285

<$250k

19 11 10

9

239 241 $500k+

232 $350K+

$250K+ 215

$1M+

BUNDABERG HOUSE SALES172

*Preliminary data

110

Mar-16 Jun-16 * 327 34 21 21 11 28523

Dec-15

Mar-16

Jun-16 *

10

<$350K

AROONA BATTERY HILL BEERWAH

48 56

27

187

<$250k

150 $250K+

$350K+

$500k+

$1M+

*Preliminary data

N/A

671

44

34

41.6%

29

$685,000

$1M+ 14.3%

N/A

$420,000

N/A

N/A

$475,000

9.2%

9.2%

$435,000

15

N/A

N/A

$406,250

3.9%

4.7%

$388,000

BIRTINYA

10

N/A

N/A

$612,000

16.4%

0.2%

$611,000

BLI BLI

28

$468,000

-0.9%

$468,000

8.8%

18.5%

$395,000

BOKARINA

3

N/A

N/A

$626,250

18.7%

38.9%

$451,000

BUDDINA

12

N/A

N/A

$615,000

3.4%

16.4%

$528,500 $952,500

BUDERIM

109

BUDERIM ^

9

$600,000 6.2% $572,254 5.0% 13.8% BRISBANE$863,000 SURROUNDS UNIT SALES N/A N/A -6.7% -9.4% TOOWOOMBA HOUSE SALES

BURNSIDE

9

N/A

40 277

$445,000

CALOUNDRA WEST

278

Dec-15

Mar-16

Dec-15N/A Mar-16$425,000 Jun-16 *

240N/A

-5.2% 430

$455,000

N/A 246

360 $357,000

401

COES CREEK

4

COOLUM BEACH

29

296 296 $557,000

CURRIMUNDI

22

$492,500

5.9%

DICKY BEACH

5

N/A

N/A

-1.4% 218 $553,000

243

258

231

$485,000 159

Jun-16 *

8.2%

12.4%

$378,000

5.3%

12.3%

$405,000

-1.9%

-8.5%

$390,000

7.7%

23.7%

$447,000

7.3% 150

$743,500

-0.2%

EUMUNDI

4

N/A

N/A

$480,000

-2.5% 86

EUMUNDI ^

13

N/A

N/A

$780,000

21.3%

<$250k N/A

$350K+ N/A$250K+ $435,000 3.6%

*Preliminary data

16.9%

$415,000

30.4%

$570,000

28.0%

$375,000

103 98 86

74

11 11 11

26.8% 58 $615,000 $500k+

$1M+ $425,000

14.3%

$463,750

N/A

N/A

GOLDEN BEACH*Preliminary data 12

N/A

N/ABRISBANE $495,000 5.9% LAND12.4% SURROUNDS SALES $440,500

Houses<2,400m

12

N/A

N/A

Dec-15 $445,000

6

N/A1,126

N/A

$375,000

6.0%

2.4%

GLASS HOUSE MOUNTAINS ^ 4

$350K+

$530,000

$503,000

$500k+

Mar-16 * 11.3% Jun-1614.5%

4.2%

$388,500

1.4%

$370,000

LITTLE MOUNTAIN

30

$510,000

-4.0%

$530,000

6.0%

17.8%

$450,000

MALENY

14

N/A

N/A

$447,500

1.4%

6.4%

$420,500

833

MALENY ^

5

N/A

573 N/A

MARCOOLA

8

N/A

N/A

$630,000 8.5% 7.5% TOOWOOMBA UNIT SALES 431 464 $527,000Mar-160.9%Jun-16 *19.4% Dec-15

-3.0%

MAROOCHYDORE

32

$542,500

MERIDAN PLAINS

13

N/A N/A 63 $459,500 FRASER COAST HOUSE SALES 2.5%56

MINYAMA

6

N/A

10 292

MOOLOOLAH VALLEY

5

MOOLOOLAH VALLEY ^

6

MOUNT COOLUM

18

MOUNTAIN CREEK

44

MUDJIMBA

5

32

26

220

N/A

$665,000

12.7%

7.3%

$620,000

$651,000

-2.5%

26.4%

$515,000

40

$420,000

3.1%

$581,500

8.2%

N/A

N/A

$575,000

15.7%

<$250k $540,000

N/A

$250K+ 1.9% $540,000 102 92 71 N/A $630,000

NAMBOUR

32

$358,000

4.2%

2

N/A

N/A

<$350K

25

N/A

NINDERRY ^ *Preliminary data Houses<2,400m

28

3

N/A 137

N/A

16

N/A

N/A

5.1%

$399,500

15

4.8%

8

$555,000 10

23.7%

$465,000

7

0.9%$350K+ 12.5%

$500k+ $480,000

12.5% 29.2% TOOWOOMBA LAND 23 $350,000 1.5% SALES 7.9%

$487,500

Dec-15

$576,000 $350K+

18

Mar-16

Jun-16 *

-5.0%

$415,000

3.8%

$450,000

2.3%

$324,500

9

5.7%

$545,000

$500k+

8.5%

$382,500

4.7%

$430,000

PARREARRA

14

N/A

PELICAN WATERS

40

$660,000

N/A $598,250 6.4% 1.2% COAST UNIT -0.8% FRASER $660,000 0.0% SALES 11.9%

PEREGIAN SPRINGS

24

$535,000

-4.7%

Dec-15

$572,500

4.1%

11.4%

$514,000

$470,000

5.4%

8.0%

$435,000

92

41

52

SIPPY DOWNS

42

$465,000 39

-3.1%

TANAWHA ^

6

N/A

N/A

TWIN WATERS

14

WARANA

12

N/A

Mar-16

10

35

9

$900,000 28

<$250k N/A

N/A

4

19 Dec-15N/A Mar-16$558,500 Jun-16 *

3.4%

13

N/A

N/A

$430,000

3.9%

WURTULLA

25

$598,000

15.4%

$542,500

8.0% 6

YANDINA

44 11

N/A

44 N/A

YAROOMBA

5

N/A <$250k

N/A

57

43

28.1%

$722,500 $250K+ 2.5%

26 GLADSTONE HOUSE SALES

*Preliminary data

$386,025

40

11

3.9%

$590,013 $250K+

$591,250 $590,000

Jun-16 *

1.9%

22

$759,500 $500k+

N/A

N/A

*Preliminary data

$436,500 41 27 $404,500

N/A

N/A

22

22.2% 6313.6% 24

10.1% $350K+ 25.1%

$250K+

N/A

N/A

7.6%

Dec-15N/A Mar-16 $950,000 Jun-16 *

<$250k

*Preliminary data

283 19

$533,500 204 75

$586,000 $441,335

7

9

$702,500

10.6%

$350K+ $653,500

25.5%

$445,000

5.5%

$407,500

16.0% 7

$467,500

6

3

2 2 $360,500

7.1%

3.5%$350K+ 15.7%

$510,000 $500k+

*Preliminary data

64

59

34

Dec-15 190 <$350K *Preliminary data 147 Houses<2,400m

195

Mar-16

119BUNDABERG 65

56

*Preliminary data

22 $250K+ 21

10

5

$572,500 133-1.3%

6

N/A

COOROIBAH

60 59

$350K+

$610,000

57 <$350K

*Preliminary data ^Houses<2,400m

COOROY

Jun-16 *

28

156

NOOSA (LGA) ^ COORAN ^

UNIT SALES

Mar-16

15 18

13

$500k+

5

6

$1M+

18

0

6

4

N/A

N/A

11

N/A

N/A

215

$350K+

$568,000

3.3%

$415,000

0.0%

2

6.2%

$535,000

$500k+

-7.0%

$446,250

$610,000 UNIT 8.0% GLADSTONE SALES 11.9% Dec-15 $437,500Mar-161.7%Jun-16 *6.1%

$412,500

$545,250

DOONAN ^

11

N/A

N/A

$692,500

6.5%

-6.4%

$740,000

11

N/A

N/A

$780,000 6

8.0%7

21.9%

$640,000

NOOSAVILLE

22

$1,095,000 27.3%

8.0%

3.9%

17

14

N/A

<$250k 9

8 data *Preliminary

N/A

Dec-15

6 2

N/A113 N/A

$545,000 9 -0.8% 5 $595,000

3.5%

4

$826,000 $767,500 8

$250K+

7

11.9%

6 MACKAY HOUSE SALES

Jun-16 8* 3

$590,000

NOOSA HEADS PEREGIAN BEACH

Mar-16

119

N/A

ROCKHAMPTON & LIVINGSTONE HOUSE SALES Dec-15 8

17 SALES FRASER COAST LAND 3.0% $571,250 2.0% Jun-16 4.8% Dec-15 Mar-16 *

NOOSA (LGA) BLACK MOUNTAIN ^

$500k+

35

29 22 <$250k

15

Jun-16 *

$350K+

Dec-15

24

SURROUNDS

SUNSHINE COAST & NOOSA LAND SALES

203

$350K+

1,009

12

*Preliminary data Houses<2,400m 8

WOOMBYE

95

1,391

927

PALMWOODS

289

196

1.0%

PACIFIC PARADISE

*Preliminary436 data Houses<2,400m

ANNUAL MEDIAN SALE (5YRS AGO)

3.4%

MOOLOOLABA

629 210

$525,000

1YR 5YR CHANGE CHANGE

$615,000

1,082

MOFFAT BEACH

476

698

123

1004

1,408

LANDSBOROUGH 151

89

SUNSHINE COAST1,410 (SD)

Jun-16 *

ANNUAL MEDIAN SALE

SUNSHINE COAST (SD) ^ 239

KULUIN

131

94

SUBURB/LGA

Mar-16

MEDIAN QTRLY SALE CHANGE 1,946 1,965

<$350K

177

277

NO. SALES

GLASS HOUSE MOUNTAINS 14

*Preliminary 30 43 data 19

331

Dec-15

Jun-16 *

Mar-16

Jun-16 *

4

26.0%

3

2

$795,000

0

$350K+

$609,000 7

5 3

JUNE QUARTER 2016

130 116

1

110

1

31


REGIONAL MARKET UPDATES

SALES MARKET - HOUSES (CONTâ&#x20AC;&#x2122;D) SUBURB/LGA

NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

SALES MARKET - VACANT LAND 1YR 5YR CHANGE CHANGE

ANNUAL MEDIAN SALE (5YRS AGO)

SUBURB

NO. SALES

136

POMONA

9

N/A

N/A

$430,000

16.2%

14.7%

$375,000

SUNSHINE COAST (SD)

POMONA ^

11

N/A

N/A

$502,500

1.0%

-2.9%

$517,500

SUNSHINE COAST (SD) ^ 44

SUNRISE BEACH

10

N/A

N/A

$675,000

12.5%

13.0%

$597,500

SUNSHINE BEACH

9

N/A

N/A

$1,055,000

-3.9%

24.9%

$845,000

SUNSHINE COAST (LGA)

TEWANTIN

53

$512,250

8.3%

$470,000

3.3%

6.8%

$440,000

SUNSHINE COAST (LGA) ^ 38

SALES MARKET - UNITS & TOWNHOUSES SUNSHINE COAST (SD)

759

$370,500

-5.0%

$381,000

4.4%

5.9%

$359,900

115

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

ANNUAL MEDIAN SALE (5YRS AGO)

$267,000

6.8%

$257,500

3.6%

0.6%

$256,000

$330,000

-2.9%

$335,000

9.8%

-1.5%

$340,000

$255,000

6.3%

$253,250

2.6%

1.3%

$250,000

$330,000

-2.8%

$330,000

8.2%

-5.7%

$350,000

BEERWAH

14

N/A

N/A

$215,000

1.9%

14.4%

$188,000

BIRTINYA

9

N/A

N/A

$282,000

1.1%

-17.1%

$340,000

BLI BLI

11

N/A

N/A

$262,500

4.9%

18.2%

$222,000

CALOUNDRA WEST

5

N/A

N/A

$213,000

-0.2%

-9.4%

$235,000

SUNSHINE COAST (LGA)

603

$365,000

-2.7%

$370,000

2.9%

5.7%

$350,000

FOREST GLEN

1

N/A

N/A

$275,000

9.1%

18.0%

$233,000

ALEXANDRA HEADLAND

36

$389,000

14.4%

$355,000

4.4%

13.6%

$312,625

GLASS HOUSE MOUNTAINS 4

N/A

N/A

$205,000

3.5%

5.7%

$194,000

BATTERY HILL

6

N/A

N/A

$245,000

-3.9%

-1.0%

$247,500

LITTLE MOUNTAIN

2

N/A

N/A

$240,000

-2.0%

-4.8%

$252,000

BIRTINYA

4

N/A

N/A

$526,278

18.3%

4.2%

$505,000

MALENY

0

N/A

N/A

$232,500

-2.3%

10.7%

$210,000

BUDDINA

10

N/A

N/A

$416,250

-2.6%

8.4%

$384,000

MAROOCHYDORE

11

N/A

N/A

$236,500

0.2%

2.3%

$231,080

MERIDAN PLAINS

5

N/A

N/A

$244,900

4.0%

-28.5%

$342,450

BUDERIM

45

$350,000

-5.5%

$387,000

4.6%

1.2%

$382,500

CALOUNDRA

29

$355,000

-1.7%

$367,735

-8.1%

-5.7%

$390,000

MOUNTAIN CREEK

9

N/A

N/A

$317,250

11.3%

19.0%

$266,500

CALOUNDRA WEST

3

N/A

N/A

$384,000

23.2%

18.2%

$325,000

NAMBOUR

0

N/A

N/A

$181,950

3.4%

5.2%

$173,000

COOLUM BEACH

26

$368,500

10.0%

$351,150

-3.1%

-7.6%

$380,000

PELICAN WATERS

8

N/A

N/A

$276,450

4.3%

-17.5%

$335,000

CURRIMUNDI

9

N/A

N/A

$385,500

7.2%

8.6%

$355,000

PEREGIAN SPRINGS

4

N/A

N/A

$369,300

9.4%

57.1%

$235,000

GOLDEN BEACH

21

$369,000

-22.3%

$400,000

14.3%

37.9%

$290,000

SIPPY DOWNS

1

N/A

N/A

$220,000

11.1%

-5.2%

$232,000

KINGS BEACH

33

$351,000

-7.6%

$370,000

-2.6%

-9.8%

$410,000

YAROOMBA

6

N/A

N/A

$327,500

-7.1%

-3.7%

$340,000

LITTLE MOUNTAIN

1

N/A

N/A

$387,500

-0.6%

27.0%

$305,000

MARCOOLA

25

$265,000

-20.4%

$299,500

-5.7%

-5.7%

$317,500

SURROUNDS

MAROOCHYDORE

86

$367,500

-6.4%

$359,000

-1.6%

-3.0%

$370,000

NOOSA (LGA)

21

$350,000

23.9%

$285,000

3.6%

-10.9%

$320,000

4

N/A

N/A

$345,000

-0.1%

10.2%

$313,110

4

N/A

N/A

$260,000

10.6%

-34.2%

$395,000

MINYAMA

4

N/A

N/A

$320,000

3.2%

10.3%

$290,000

NOOSAVILLE

MOFFAT BEACH

9

N/A

N/A

$477,000

-4.6%

36.3%

$350,000

PEREGIAN BEACH

MOOLOOLABA

59

$370,000

-2.9%

$367,250

0.6%

2.0%

$360,000

MOUNT COOLUM

17

N/A

N/A

$370,000

4.2%

11.6%

$331,500

MOUNTAIN CREEK

11

N/A

N/A

$373,250

0.9%

40.8%

$265,000

NAMBOUR

22

$306,500

0.5%

$272,000

9.5%

8.8%

$250,000

PARREARRA

15

N/A

N/A

$467,500

13.3%

-12.6%

$535,000

PELICAN WATERS

15

N/A

N/A

$486,250

4.6%

17.2%

$415,000

PEREGIAN SPRINGS

42

$312,500

8.5%

$288,000

-1.9%

9.7%

$262,500

TWIN WATERS

12

N/A

N/A

$555,000

15.9%

15.6%

$479,990

WARANA

12

N/A

N/A

$360,000

12.5%

22.0%

$295,000

WURTULLA

5

N/A

N/A

$384,000

3.8%

30.8%

$293,500

RENTAL MARKET - 3 BED HOUSES POST CODE

NOOSA (LGA)

156

$467,500

2.4%

$455,000

13.8%

8.3%

$420,000

1

N/A

N/A

$333,750

6.0%

-5.3%

$352,500

NOOSA HEADS

45

$626,000

-16.0%

$632,500

40.6%

2.8%

$615,000

NOOSAVILLE

65

$395,000

1.3%

$400,000

1.3%

14.3%

$350,000

PEREGIAN BEACH

8

N/A

N/A

$417,500

11.0%

16.8%

$357,500

SUNRISE BEACH

7

N/A

N/A

$420,000

23.5%

-5.6%

$445,000

SUNSHINE BEACH

14

N/A

N/A

$559,500

6.6%

1.7%

$550,000

TEWANTIN

15

N/A

N/A

$322,500

11.2%

15.2%

$280,000

Sunshine Coast rental market is strong, with high demand from tenants. Vacancy rates throughout the region, except for Noosa, have dropped to levels generally below 1.5 per cent, sitting in the tight range.

JUN-15

NEW BONDS $/WEEK

NEW BONDS

$430

757

$420

735

4518

GLASS HOUSE MOUNTAINS

$360

10

$350

13

4519

BEERWAH/ PEACHESTER

$385

21

$350

12

4550

LANDSBOROUGH/ MT MELLUM

$400

5

$340

12

4551

AROONA/ BATTERY HILL/ CALOUNDRA/ CURRIMUNDI/ DIAMOND HEAD/ DICKY BCH/ GOLDEN BCH/ KINGS BCH/ LITTLE MTN/ MERIDAN PLNS/ MOFFAT BCH/ PELICAN WATERS/ SHELLY BCH

$430

178

$410

153

4552

BALD KNOB/ BAROON POCKET/ BOOROOBIN/ CONONDALE/ MALENY/ MOUNTAIN VIEW/ REESVILLE/ WITTA

$400

19

$370

27

4553

GLENVIEW/ MOOLOOLAH/ MOOLOOLAH VALLEY/ PALMVIEW

$440

7

$360

7

4556

BUDERIM/ FOREST GLEN/ KUNDA PK/ MONS/ SIPPY DOWNS/ TANAWHA

$440

98

$440

88

4557

BUNDILLS/ KAWANA IS/ MOOLOOLABA/ MOUNTAIN CK

$460

35

$460

45

4558

COTTON TREE/ KULUIN/ MAROOCHYDORE/ SUNSHINE PLAZA

$430

45

$410

42

4560

BLI BLI/ BURNSIDE/ COES CK/ COOLOOLABIN/ DULONG/ FLAXTON/ HIGHWORTH/ IMAGE FLAT/ KIAMBA/ $380 KULANGOOR/ KUREELPA/ MAPLETON/ MONTVILLE/ NAMBOUR/ PARKLANDS/ PERWILLOWEN/ ROSEMONT/ TOWEN MTN

75

$380

71

4561

BRIDGES/ MAROOCHY RIVER/ NINDERRY/ $390 NTH ARM/ VALDORA/ YANDINA/ YANDINA CK

7

$400

15

4562

BELLI PK/ DOONAN/ EERWAH VALE/ $420 EUMUNDI/ VERRIERDALE/ WEBA DOWNS

13

$410

19

4564

MARCOOLA/ MUDJIMBA/ PACIFIC PARADISE $400

28

$450

26

4572

ALEXANDRA HEADLAND

$450

5

$420

9

4573

CENTENARY HEIGHTS/ COOLUM BCH/ MARCUS BCH/ MT COOLUM/ PEREGIAN BCH/ PT ARKWRIGHT/ YAROOMBA

$450

92

$430

78

4575

BIRTINYA/ BOKARINA/ BUDDINA/ KAWANA WATERS/ MINYAMA/ PARREARRA/ WARANA/ WURTULLA

$450

89

$430

95

NOOSA SHIRE

$445

114

$440

116

BLACK MOUNTAIN/ CARTERS RIDGE/ COOROY/ TINBEERWAH

$420

18

$420

14

4563

32 QUEENSLAND MARKET MONITOR

$/WEEK

SUNSHINE COAST REGIONAL

SURROUNDS COOROY

JUN-16 LOCALITYL


REGIONAL MARKET UPDATES

RENTAL MARKET - 3 BED HOUSES (CONTâ&#x20AC;&#x2122;D) POST

JUN-16 $/WEEK

JUN-15

NEW BONDS $/WEEK

NEW BONDS

CODE

LOCALITYL

4565

BOREEN PT/ COOTHARABA/ LAKE COOTHARABA/ NOOSA PARKLANDS/ TEEWAH/ TEWANTIN

$430

39

$425

37

4566

MUNNA PT/ NOOSAVILLE

$480

11

$500

14

4567

CASTAWAYS BCH/ LITTLE COVE/ NOOSA $495 HEADS/ SUNRISE BCH/ SUNSHINE BCH

31

$510

26

4568

POMONA

9

$400

16

$400

RENTAL MARKET - 2 BED UNITS SUNSHINE COAST REGIONAL

$340

838

$340

763

4519

BEERWAH/ PEACHESTER

$310

11

N.A.

3

4551

AROONA/ BATTERY HILL/ CALOUNDRA/ CURRIMUNDI/ DIAMOND HEAD/ DICKY BCH/ GOLDEN BCH/ KINGS BCH/ LITTLE MTN/ MERIDAN PLNS/ MOFFAT BCH/ PELICAN WATERS/ SHELLY BCH

$340

157

$330

163

4556

BUDERIM/ FOREST GLEN/ KUNDA PK/ MONS/ SIPPY DOWNS/ TANAWHA

$340

68

$330

67

4557

BUNDILLS/ KAWANA IS/ MOOLOOLABA/ MOUNTAIN CK

$340

101

$330

93

4558

COTTON TREE/ KULUIN/ MAROOCHYDORE/ SUNSHINE PLAZA

$360

174

$350

149

4560

BLI BLI/ BURNSIDE/ COES CK/ COOLOOLABIN/ DULONG/ FLAXTON/ HIGHWORTH/ IMAGE FLAT/ KIAMBA/ $280 KULANGOOR/ KUREELPA/ MAPLETON/ MONTVILLE/ NAMBOUR/ PARKLANDS/ PERWILLOWEN/ ROSEMONT/ TOWEN MTN

37

$260

32

4564

MARCOOLA/ MUDJIMBA/ PACIFIC PARADISE $360

61

$350

56

4572

ALEXANDRA HEADLAND

$380

47

$350

47

4573

CENTENARY HEIGHTS/ COOLUM BCH/ MARCUS BCH/ MT COOLUM/ PEREGIAN BCH/ PT ARKWRIGHT/ YAROOMBA

$340

69

$350

57

4575

BIRTINYA/ BOKARINA/ BUDDINA/ KAWANA WATERS/ MINYAMA/ PARREARRA/ WARANA/ WURTULLA

$390

91

$410

78

NOOSA SHIRE

$390

88

$365

109

4565

BOREEN PT/ COOTHARABA/ LAKE COOTHARABA/ NOOSA PARKLANDS/ TEEWAH/ TEWANTIN

$320

6

$320

10

4566

MUNNA PT/ NOOSAVILLE

$400

26

$360

38

4567

CASTAWAYS BCH/ LITTLE COVE/ NOOSA $430 HEADS/ SUNRISE BCH/ SUNSHINE BCH

51

$375

56

RENTAL MARKET - 3 BED TOWNHOUSES SUNSHINE COAST REGIONAL

$410

205

$400

209

4519

BEERWAH/ PEACHESTER

$325

6

$300

11

4551

AROONA/ BATTERY HILL/ CALOUNDRA/ CURRIMUNDI/ DIAMOND HEAD/ DICKY BCH/ GOLDEN BCH/ KINGS BCH/ LITTLE MTN/ MERIDAN PLNS/ MOFFAT BCH/ PELICAN WATERS/ SHELLY BCH

$410

25

$390

25

4556

BUDERIM/ FOREST GLEN/ KUNDA PK/ MONS/ SIPPY DOWNS/ TANAWHA

$410

40

$400

47

4557

BUNDILLS/ KAWANA IS/ MOOLOOLABA/ MOUNTAIN CK

$430

39

$420

37

4558

COTTON TREE/ KULUIN/ MAROOCHYDORE/ SUNSHINE PLAZA

$415

24

$380

27

4560

BLI BLI/ BURNSIDE/ COES CK/ COOLOOLABIN/ DULONG/ FLAXTON/ HIGHWORTH/ IMAGE FLAT/ KIAMBA/ $380 KULANGOOR/ KUREELPA/ MAPLETON/ MONTVILLE/ NAMBOUR/ PARKLANDS/ PERWILLOWEN/ ROSEMONT/ TOWEN MTN

12

$360

11

4564

MARCOOLA/ MUDJIMBA/ PACIFIC PARADISE

$395

13

$395

16

4573

CENTENARY HEIGHTS/ COOLUM BCH/ MARCUS BCH/ MT COOLUM/ PEREGIAN BCH/ PT ARKWRIGHT/ YAROOMBA

$450

36

$435

24

4575

BIRTINYA/ BOKARINA/ BUDDINA/ KAWANA WATERS/ MINYAMA/ PARREARRA/ WARANA/ WURTULLA

$425

7

$445

8

NOOSA SHIRE

$500

22

$475

18

4566

MUNNA PT/ NOOSAVILLE

$460

7

$460

9

4567

CASTAWAYS BCH/ LITTLE COVE/ NOOSA HEADS/ SUNRISE BCH/ SUNSHINE BCH

$510

11

$550

6

JUNE QUARTER 2016

33


1,410 1,408

REGIONAL MARKET UPDATES

1,391

1,082 784 758

927 582

547

1,009 671

420 393

FRASER COAST 123 101 100 <$350K

$350K+

$500k+

44

$1M+

*Preliminary data Houses<2,400m

Property demand is Jun-16 driven by owner-occupiers and Dec-15 Mar-16 * first-home buyers. The State Government announced 1,390 an increase of the Great Start Grant from $15,000 to 1,157 $20,000 and the Building Better Regional Cities Grant of 800 GOLD COAST HOUSE SALES 800 775 until May 2017. Despite the $12,000 has been extended Dec-15 Mar-16 Jun-16 * 481 474 increase 397 in available grants for first-home buyers, demand 988 993 remains 260 subdued. 96 90 68 60 788

590 619 The rental with vacancy rates $250K+ market $350K+ also contracted $500k+ $1M+ escalating from 3.2 per cent in 413 March to 4.1 per cent in 179 200 174 June, sitting now within the weak range.

<$250k

*Preliminary data

30

43

19

The State Government budget has committed about <$350K $350K+ $500k+ $1M+ BRISBANE LAND SALES $28 million to upgrade the interchange in southern Dec-15 Mar-16 Jun-16 * Maryborough, due 177 for completion in May 2017. While this is probably the largest151infrastructure project in the area, 131 GOLD COAST UNIT SALESmarket does not seem to get any the residential property Dec-15 Mar-16 *93 87 major incentive from Jun-16 local infrastructure investment. 82 *Preliminary data Houses<2,400m

52

66

863

$350K+

Dec-15

629

HOUSE MARKET 210

541

511

156 172

159

*Preliminary data

*Preliminary data Houses<2,400m

1,126

833

TOOWOOMBA UNIT SALES Dec-15

573

63

Dec-15

22

*Preliminary data Houses<2,400m

Dec-15 Mar-16 Jun-16 * The annual volume of sales showed a slight increase 327 150 HOUSE SALES 145 286 285 285 from 1524 transactions in BUNDABERG June 2015 to 1553 transactions Dec-15 Mar-16 Jun-16 * 94 239 241 232 21546 in June 2016. The preliminary quarter volume of sales 23 34 21 21 11 9 19 11 10 172 196 reported a contraction with the largest volume of sales $250K+ $350K+ 187 $500k+ $1M+ 123 <$250k 110 95 remaining below $350,000. 150

*Preliminary data

*Preliminary data

*Preliminary data Houses<2,400m

28

$250K+102

<$250k

Dec-15

$350K+

$500k+

Market trend indicators demonstrate a slip in demand with median days on market increasing from 80 days in BUNDABERG LAND SALES Dec-15 Mar-16 Jun-16 * May 2015 to 91 days in May 2016. The median vendor 61 discount jumped from 5 per cent in May 2015 to 6.4 per 57 cent in May 2016. ROCKHAMPTON & LIVINGSTONE UNIT SALES 48 *Preliminary data Houses<2,400m

Dec-15 2234

Mar-16

18

18

17

268

283

Jun-16 *

FRASER COAST UNIT SALES 92

41

39

Dec-15 52

Mar-16

28

26 44 <$250k

Jun-16 *

GLADSTONE HOUSE SALES 35 Dec-15

57

Mar-16

10

9

Jun-16 *

9

7

4

19 $250K+ 44 40

43

*Preliminary data

6

$350K+

11 7

6 24

17

<$250k

$250K+

$350K+

<$350K

3

2

2

9 $500k+ 5

*Preliminary data

$350K+

$500k+

*Preliminary data Houses<2,400m

Mar-16

Jun-16 *

Mar-16

Jun-16 *

133 119

113

GLADSTONE UNIT SALES Dec-15

Mar-16

Jun-16 *

Dec-15

Mar-16

Jun-16 *

MACKAY HOUSE SALES 14 130 116

110

9

8

<$250k

6

8

83 7

6

4 82 $250K+

*Preliminary data

7

53 4

3

<$250k

$250K+

*Preliminary data<$350K *Preliminary data Houses<2,400m

5

$350K+

GLADSTONE LAND SALES Mar-16

Jun-16 *

19 17

MACKAY UNIT SALES 11 CAIRNS

22

Dec-15

Mar-16

Jun-16 *

Dec-15

Mar-16

Jun-16 *

& DOUGLAS HOUSE SALES 313

305

0

3

$350K+

Dec-15

2

7 $350K+

1

TOWNSVILLE HOUSE SALES Dec-15

9

$500k+

137

Jun-16 *

QUEENSLAND MARKET MONITOR

Mar-16

7

$500k+ 23

TOOWOOMBA LAND SALES

*Preliminary data Houses<2,400m

$1M+

Sales activity8remained relatively stable over the 12 8 80 6 75 6 months period to June, reporting a small increase of 18 3 51 2 2 33 33 transactions over the past year. The largest volume of 17 <$250k $250K+ $350K+ $500k+ activity remains in the price range below $250,000. <$350K

10

$350K+

$350K+

Dec-15

*Preliminary data

*Preliminary data

71

22

FRASER COAST LAND SALES

Compared to the house market, the unit market has 195 UNIT SALES definitelyBUNDABERG experienced the largest demand challenge. The Dec-15 Mar-16 Jun-16 * 147 unit median sale price contracted over HOUSE the June ROCKHAMPTON & LIVINGSTONE SALES quarter 119 Dec-15 Mar-16 Jun-16 * 29by 4.9 per cent from $262,750 to $250,000. The annual 65 60 59 56 215 contraction was 5.3 cent and the five-year contraction 20335 per 28 22 22 21 15 18 13 5 6 was 10.5 per cent. 18 153 $500k+

92

18 <$350K

Jun-16 *

$350K+

15

*Preliminary data

190

$250K+

27 $500k+

25

220

SUNSHINE COAST & NOOSA LAND SALES UNIT MARKET

<$250k

41

$350K+

27

The market trend indicators are showing a reduction in 59 <$250k demand $250K+ with the $350K+ median $500k+days64on $1M+ market increasing from 34 10 78 days in May 2015 to 87 days in May 2016.15Similarly, the 5 median vendor discount increased from 6.2 per cent to <$350K $350K+ $500k+ 6.7 per cent over the 12 months to May 2016. Mar-16

56Jun-16 63 * 24

8

SUNSHINE COAST & NOOSA UNIT SALES

Dec-15

Mar-16

40 $250K+

<$250k 292 32 283

99

COAST LAND SALES Over theGOLD medium term, the median sale price increased Dec-15 Mar-16 Jun-16 * at a very slow pace of 2.6 per cent (below annual inflation), evidencing the challenges experienced in the Fraser Coast residential property market.

48 56

Jun-16 *

FRASER COAST 204 HOUSE SALES

*Preliminary data 26

*Preliminary data

289

Mar-16

75 431 464

495

362 For a third consecutive quarter, the median sale price <$250k $350K+ $500k+ The median $1M+ slipped$250K+ or remained steady. sale price for the 94 89 91 79 68 51 June quarter dropped to $290,000 and the annual median sale price remained relatively steady at about $302,000. <$350K $350K+ $500k+ $1M+

436

Jun-16 *

<$250k $500k+ $1M+ The median weekly$250K+ rent for $350K+ a three-bedroom house 74 $10 in the and a two-bedroom unit increased by $586 and 58 June 2016 quarter, reaching $290 and $245 per week, respectively. Three-bedroom townhouse median weekly <$350K $350K+ $500k+ BRISBANE SURROUNDS LAND SALES rents remained steady at $320 per week. Dec-15 Mar-16 Jun-16 *

842 43 The prognosis for the residential property market in Fraser SUNSHINE 22 689 666 COAST & NOOSA HOUSE SALES Coast is weak with no 603 major infrastructure projects in the 567 Dec-15 Mar-16 Jun-16 * 476 pipeline and market trend <$250k $250K+ $350K+ indicators $500k+showing a fall in demand. 698 277

Mar-16

Vacancy rates in the Fraser Coast increased to 4.1 per 430 401 cent over the June quarter and are now sitting within 360 TOOWOOMBA HOUSE SALES rate remained at 296 the weak 296 range. Maryborough vacancy Dec-15 Mar-16 Jun-16 * 243 258 231 around 3 per278cent. However, Hervey Bay vacancy rates 277 150 246 in March to 4.4 per cent increased from 3.1240per cent 103 98 86 218 in June. 11 11 11

28

*Preliminary 331 data

29

$1M+

BRISBANE SURROUNDS UNIT SALES RENTAL MARKET

58

883 888

34

$500k+

*Preliminary data Houses<2,400m

BRISBANE UNIT SALES

56 83

<$350K

28

20

17

$500k+ $500k+

1


REGIONAL MARKET UPDATES

RENTAL MARKET - 3 BED HOUSES

SALES MARKET - HOUSES SUBURB

NO. SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

ANNUAL MEDIAN SALE (5YRS AGO)

FRASER COAST (LGA)

307

$290,000

-3.8%

$302,750

0.9%

2.6%

$295,000

FRASER COAST (LGA) ^

67

$350,000

-10.0%

$382,375

4.8%

1.4%

$377,000

BOORAL ^

3

N/A

N/A

$377,500

3.4%

2.0%

$370,000

BURRUM HEADS

14

N/A

N/A

$345,000

-9.2%

-1.9%

$351,750

DUNDOWRAN BEACH ^

6

N/A

N/A

$540,000

4.9%

9.1%

$495,000

ELI WATERS

9

N/A

N/A

$325,000

-0.9%

1.9%

$319,000

POST CODE

JUN-16 $/WEEK

LOCALITYL

JUN-15

NEW BONDS $/WEEK

NEW BONDS

FRASER COAST REGIONAL

$290

321

$285

347

4650

MARYBOROUGH REGION

$260

120

$260

131

4655

HERVEY BAY/PIALBA/SCARNESS/URANGAN

$310

186

$300

194

4659

BURRUM/BURRUM HEADS/HOWARD

$265

14

$250

20

GYMPIE REGIONAL

$270

172

$260

167

4570

GYMPIE/AMAMOOR/CURRA/IMBIL/ KANDANGA/MONKLAND/SOUTHSIDE/ VICTORY HEIGHTS

$270

129

$260

126

4580

COOLOOLA/TIN CAN BAY

$290

28

$270

27

SOUTH BURNETT REGIONAL

$245

140

$240

150

GLENWOOD ^

10

N/A

N/A

$210,000

18.3%

-3.0%

$216,500

GRANVILLE

7

N/A

N/A

$208,000

6.1%

-5.5%

$220,000

KAWUNGAN

20

$323,000

-4.2%

$330,000

-0.5%

-0.2%

$330,750

4605

BARLIL

$210

28

$220

33

MARYBOROUGH

60

$188,750

2.0%

$190,000

-7.3%

-14.6%

$222,500

4606

MP CREEK

$225

10

$210

16

PIALBA

7

N/A

N/A

$289,750

8.1%

-1.1%

$293,000

4610

ALICE CREEK

$255

63

$250

63

POINT VERNON

39

$300,000

-1.6%

$305,750

1.9%

0.2%

$305,000

4615

BARKER CREEK FLAT

$230

33

$235

26

RIVER HEADS

6

N/A

N/A

$290,150

1.8%

-3.3%

$300,000

SCARNESS

10

N/A

N/A

$268,000

-2.6%

-4.3%

$280,000

TINANA

11

N/A

N/A

$307,500

18.7%

-9.6%

$340,000

TOOGOOM

7

N/A

N/A

$310,000

1.9%

8.4%

$286,000

TORQUAY

25

$320,000

-0.8%

$320,000

7.6%

1.6%

$315,000

URANGAN

36

$315,000

5.8%

$312,500

0.8%

-1.3%

$316,500

URRAWEEN

21

$336,000

-3.5%

$353,000

2.2%

5.4%

$335,000

SURROUNDS GYMPIE (LGA)

110

$270,000

1.8%

$267,750

3.0%

-2.6%

$275,000

RENTAL MARKET - 2 BED UNITS FRASER COAST REGIONAL

$245

152

$235

160

4650

ALDERSHOT

$190

42

$190

54

4655

HERVEY BAY/PIALBA/SCARNESS/ URANGAN

$260

109

$250

104

$215

47

$220

47

GYMPIE (LGA) ^

65

$355,000

-5.3%

$350,000

6.4%

0.4%

$348,500

GYMPIE REGIONAL

CHATSWORTH ^

4

N/A

N/A

$372,500

11.2%

9.6%

$340,000

COOLOOLA COVE

10

N/A

N/A

$286,000

4.0%

-4.7%

$300,000

4570

GYMPIE/AMAMOOR/CURRA/IMBIL/ KANDANGA/MONKLAND/SOUTHSIDE/ VICTORY HEIGHTS

$210

32

$210

28

4581

RAINBOW BEACH/INSKIP

$250

7

$260

10

SOUTH BURNETT REGIONAL

$185

53

$190

46

ALICE CREEK

$190

47

$195

36

CURRA ^

5

N/A

N/A

$265,000

0.0%

-10.2%

$295,000

GYMPIE

53

$240,000

2.1%

$235,000

-2.1%

-5.2%

$248,000

SOUTHSIDE

10

N/A

N/A

$332,500

4.1%

6.1%

$313,250

TIN CAN BAY

10

N/A

N/A

$293,000

1.0%

-16.3%

$350,000

SOUTH BURNETT (LGA)

$220,000

49

$185,000

-14.0%

$187,500

-3.9%

-14.8%

SOUTH BURNETT (LGA) ^ 27

$217,500

-9.4%

$240,000

-4.0%

-15.3%

$283,500

KINGAROY

$222,000

-10.8%

$230,000

-1.1%

-9.4%

$254,000

24

4610

RENTAL MARKET - 3 BED TOWNHOUSES

KINGAROY ^

6

N/A

N/A

$320,000

-12.6%

-20.9%

$404,500

MURGON

9

N/A

N/A

$129,000

-7.9%

-29.7%

$183,500

FRASER COAST REGIONAL

$320

46

$320

39

NANANGO

4

N/A

N/A

$165,000

-6.3%

-23.3%

$215,000

HERVEY BAY/PIALBA/SCARNESS/ URANGAN

$320

45

$320

39

GYMPIE REGIONAL

$275

9

$275

10

GYMPIE/AMAMOOR/CURRA/IMBIL/ KANDANGA/MONKLAND/SOUTHSIDE/ VICTORY HEIGHTS

$275

8

$275

8

4655

SALES MARKET - UNITS & TOWNHOUSES FRASER COAST (LGA)

54

$250,000

-4.9%

$243,500

-5.3%

-10.5%

$272,000

PIALBA

15

N/A

N/A

$297,000

18.8%

2.4%

$290,000 $274,000

SCARNESS

6

N/A

N/A

$263,000

-0.8%

-4.0%

TORQUAY

11

N/A

N/A

$223,000

4.9%

-4.1%

$232,500

URANGAN

14

N/A

N/A

$260,000

-5.5%

-10.3%

$290,000

11

N/A

N/A

$251,000

-3.5%

10.2%

$227,750

4570

SURROUNDS GYMPIE (LGA)

SALES MARKET - VACANT LAND FRASER COAST (LGA)

69

$150,000

1.7%

$150,000

0.2%

-6.3%

FRASER COAST (LGA) ^

51

$71,000

-1.4%

$72,000

-20.9%

-16.3%

$160,000 $86,000

BURRUM HEADS

10

N/A

N/A

$105,000

5.0%

-26.8%

$143,500

GLENWOOD ^

29

$65,000

-2.3%

$65,000

0.0%

-16.7%

$78,000

RIVER HEADS

7

N/A

N/A

$115,000

24.3%

-20.7%

$145,000

TOOGOOM

5

N/A

N/A

$120,000

9.1%

-21.3%

$152,500

WONDUNNA

2

N/A

N/A

$154,500

-4.0%

-11.7%

$175,000

GYMPIE (LGA)

28

$118,500

-2.9%

$125,000

6.8%

-0.8%

$126,000

GYMPIE (LGA) ^

13

N/A

N/A

$120,000

0.0%

-4.0%

$125,000

GYMPIE

7

N/A

N/A

$135,500

16.3%

4.2%

$130,000

SURROUNDS

The State Government budget has committed about $28 million in financial year 2017 (out of $38 million total project costs) to upgrade the interchange in southern Maryborough for completion in May 2017.

JUNE QUARTER 2016

35


REGIONAL MARKET UPDATES

BUNDABERG

After two consecutive quarters without falls in the median sale price, the Bundaberg house market showed a contraction over the June 2016 quarter. Local real estate agents attributed this reduction, in part, to the uncertainty of the Australian federal election. A number of large infrastructure projects have the potential to boost the local economy. These include the $20 million gas pipeline, the $71 million Rubyanna wastewater treatment plant (which includes a $43 million contract with Downer Utilities), the $70 million Knauf Plasterboard plant and the replacement of the Bundaberg Fire and Rescue Station for approximately $7 million. A large 29.5ha residential development site in the Eastern Bundaberg Corridor at Ashfield Road, Kalkie was released to the market during the June 2016 quarter. This site will be in close proximity to the proposed Kepnock Central Shopping Centre, which, if it eventuates, will support the future growth of the eastern part of Bundaberg including the Kalkie-Ashfield development area. Another large project in the region sponsored by the local government is the Bundaberg Region Multi-use Sports and Community Centre. This project will potentially inject about $15 million to the regional economy. Additional funding is being sought from the State Government under the regional infrastructure fund.

More than 75 per cent of sales volumes is below $350,000. Properties sold above $500,000 represent only 5.2 per cent of the volume of sales. Stock on market has reduced from 9.1 per cent in May 2015 to 8.8 per cent in May 2016 and it remains significantly above other large regional areas in Queensland. The median days on market fell by five days over the last 12 months to May 2016, while the median vendor discount remained relatively stable at 6.8 per cent in May 2016. UNIT MARKET

The unit median sale price of $287,000 for the quarter has exceeded the house median sale price of $260,000. This trend had not been seen in the region over the past 20 years and could be explained by a larger demand of low-maintenance properties from seniors and self-funded retirees. Units in Bundaberg are generally townhouses and duplexes, which are more appealing for young first-home buyers and self-funded retirees, who drive demand in the unit market. Units are popular because they provide more modern and low-maintenance facilities. The volume of unit sales increased slightly in the March quarter. Sales below $250,000 represented 45 per cent of the total volume of sales in the June quarter.

Job security remains a challenge for the area. The State Government has recently implemented a Back to Work jobs program regional Queensland, which will potentially support the return of long-term unemployed Australians to the job market. The impact of this program has not yet been felt and local residents hope that job opportunities increase soon to boost economic confidence in the region.

The median days on market has reduced from four months in May 2015 to slightly above three months in May 2016. The median vendor discount also showed the same trend as it reduced from 6.9 per cent in May 2015 to 6.4 per cent in May 2016. Both indicators sit at a lower range compared to other regional areas in Queensland. This fall could be proof that demand is stabilising in the area.

With more than $175 million committed infrastructure projects and potentially a large number of residential and commercial projects on the horizon, the longterm expectations for the Bundaberg economy and the residential property market are improving and are potentially supporting a recovery of the property market in the area.

RENTAL MARKET

HOUSE MARKET

Buyers are returning to the market and are more active, although the federal election uncertainty triggered a contraction in demand over the June quarter. Interstate investors from Melbourne and Sydney remain active in the house-and-land package market. Despite the apparent improvement in demand, the median sale price for the quarter has dropped to $260,000 or the equivalent of 5.5 per cent over the quarter. On an annual basis, the house median sale price also dropped from $280,000 in June 2015 to $270,000 in June 2016. Local real estate agents indicate that the contraction has been partially triggered by a number of properties which previously flooded and were released to the market over the quarter and also buyers dropping the purchase price range.

36 QUEENSLAND MARKET MONITOR

The rental market has softened over the June quarter with vacancy rates increasing from 5.2 per cent in March to 6.3 per cent in June. Similar vacancy rate levels had not been reported in the region since March 2009. Due to the low interest rate environment and the reduction in the property prices, tenants are now turning into first home buyers. Tenants, like buyers, are now conscious that market conditions favour them and will shop around before making decisions. Specifically, tenants currently have the power to negotiate weekly rents and select amongst a number of properties. Despite the increase of new bonds for three-bedroom houses over the 12 months to June 2016, the RTA median weakly rent data shows a reduction in the weekly rent from $285 in June 2015 to $280 in June 2016. Twobedroom units, on the other hand, reported an increase in the median weekly rent from $225 per week to $230 per week, despite the number of new bonds reduced slightly over the 12 months to June 2016. The region continues receiving workers committed to the new infrastructure projects. The impact on the rental market is still to be seen.


436

SUNSHINE COAST & NOOSA UNIT SALES

REGIONAL MARKET UPDATES

Dec-15

289

Mar-16 327

286 285BUNDABERG 285

SALES MARKET - HOUSES

150

ANNUAL MEDIAN SALE

QTRLY CHANGE

ANNUAL 1YR 5YR MEDIAN CHANGE CHANGE SALE (5YRS AGO)

SUBURB

NO. SALES

MEDIAN SALE

BUNDABERG (LGA)

199

$260,000

-5.5%

$270,000

-3.6%

-5.3%

$285,000

BUNDABERG (LGA) ^

51

$350,000

2.5%

$335,000

-4.3%

-2.9%

$345,000

AVENELL HEIGHTS

11

N/A

N/A

$260,000

-2.3%

-5.5%

$275,000

AVOCA

9

N/A

N/A

$292,500

-2.4%

-5.0%

$308,000

BARGARA

29

$399,500

4.9%

$382,250

0.6%

3.7%

$368,500

BRANYAN ^

7

N/A

N/A

$335,000

-13.7%

-5.9%

$356,000

BUNDABERG EAST

6

N/A

N/A

$257,500

3.2%

-7.2%

$277,500

BUNDABERG NORTH

18

N/A

N/A

$220,000

-5.4%

-13.7%

$255,000

BUNDABERG SOUTH

8

N/A

N/A

$243,500

3.6%

-0.6%

$245,000

BUNDABERG WEST

7

N/A

N/A

$235,000

-13.6%

-1.9%

$239,500

BURNETT HEADS

4

N/A

N/A

$280,000

-8.2%

-2.8%

$288,000

CORAL COVE

1

N/A

N/A

$438,500

9.6%

9.6%

$400,000

94

46

123196 110 187 95 <$250k

<$250k

147 29

$357,500

13.5%

-2.1%

$365,000

-2.1%

-2.8%

$270,000

MILLBANK

10

N/A

N/A

$240,000

4.4%

-5.9%

$255,000

NORVILLE

14

N/A

N/A

$219,000

-0.9%

-6.0%

$233,000

203

SVENSSON HEIGHTS

6

N/A

N/A

$243,250

-5.5%

-2.1%

$248,500

<$250k

$251,250

-4.5%

-10.3%

$280,000

-3.8%

-1.1%

$228,500

WOODGATE

6

N/A

N/A

$392,500

-9.8%

-10.8%

$440,000

10

5

$350K+

195

190

$262,500

$226,000

$1M+

$500k+

Mar-16

Jun-16 *

BUNDABERG UNIT SALES

N/A

N/A

$500k+

Mar-16

Jun-16 *

119

ROCKHAMPTON & LIVINGSTONE HOUSE SALES Dec-15 Mar-16 2256 21 60 59 35

65

22

Dec-15

18 215

$250K+ 153

Jun-16 * 28

8 $350K+

15 18

13

$500k+ 8

6

*Preliminary data

80 $250K+

<$250k

75

6 2

2

$350K+

51

$500k+

33

33

17

SURROUNDS 16

N/A

N/A

$140,000

-11.3%

-10.3%

$156,000

<$350K

$350K+

*Preliminary data Houses<2,400m

SALES MARKET - UNITS & TOWNHOUSES BUNDABERG (LGA)

41

$287,000

16.7%

$270,000

7.6%

8.0%

AVENELL HEIGHTS

4

N/A

N/A

$235,000

-5.1%

4.9%

$224,000

BARGARA

11

N/A

N/A

$309,000

-6.4%

-9.1%

$340,000

57

18 16

Dec-15

18

17

40

$146,950

-1.0%

$147,000

2.1%

5.0%

$140,000

10

N/A

N/A

$152,500

5.4%

13.0%

$135,000

BRANYAN

0

N/A

N/A

$146,000

6.2%

12.3%

$130,000

229

JUN-16

<$250k

373

$285

337

4660

APPLE TREE CREEK/CHILDERS/ WOODGATE

$280

31

$280

25

4670

BUNDABERG/AVOCA/BARGARA/ BURNETT HEADS/INNES PARK/KEPNOCK/ $285 MILLBANK/THABEBAN

1

$350K+ 5

5

319

$285

$250

22

$250

16

$250

54

$235

43

4625

ARANBANGA

$250

18

$250

17

4626

BEERON

$270

23

$240

13

4630

BANCROFT

$180

8

$180

10

97

54

Mar-16

Dec-15

186

$225

191

BUNDABERG, AVOCA, BARGARA, BURNETT HEADS, INNES PARK, KEPNOCK, MILLBANK, THABEBAN

$230

182

$225

185

50 27

<$250k

44

46

37

$290

15

10

$290

13

3

1

22

5

2

19

$350K+ 17

9

<$250k

$250K+

*Preliminary data

$350K+

124 93

Mar-16

7

11

2

$250K+

*Preliminary data

RENTAL MARKET - 3 BED TOWNHOUSES $285

Jun-16 *

A large 29.5ha residential development site in the Eastern Bundaberg Corridor at Ashfield Road, Kalkie was released to the market during the June 2016 quarter. This site will be in close proximity to the TOWNSVILLE LAND SALES proposed Kepnock Central Shopping Centre, which, if it eventuates, will support the future growth of the eastern part of Bundaberg including the KalkieAshfield development area. 32 2

40

BUNDABERG/AVOCA/BARGARA/ BURNETT HEADS/INNES PARK/KEPNOCK/ $280 MILLBANK/THABEBAN

Jun-16 *

Mar-16

Dec-15

$230

46

TOWNSVILLE UNIT SALES 75

RENTAL MARKET - 2 BED UNITS BUNDABERG REGIONAL

$500k+

$500k+ ROCKHAMPTON $350K+ & LIVINGSTONE LAND SALES

295

NORTH BURNETT REGIONAL

$350K+

80

40

GIN GIN/MOUNT PERRY

4670

$250K+

133

$250K+

Dec-15

NEW BONDS

$280

BUNDABERG REGIONAL

4

3

7

58

JUN-15

NEW BONDS $/WEEK

BUNDABERG REGIONAL

4670

11

10 1

*Preliminary data

*Preliminary data Houses<2,400m

RENTAL MARKET - 3 BED HOUSES

4671

6

14

Jun-16 *

1

<$350K

$/WEEK

Mar-16

169

BUNDABERG (LGA)

LOCALITYL

Jun-16 *

7

<$250k 205 *Preliminary data

BUNDABERG (LGA) ^

POST

Mar-16

TOWNSVILLE HOUSE SALES

283

268

CODE

Jun-16 *

22

Dec-15

SALES MARKET - VACANT LAND

Mar-16

ROCKHAMPTON & LIVINGSTONE UNIT SALES 48

$250,000

$500k+

BUNDABERG LAND SALES Dec-15

61

6

5 $1M+

3

*Preliminary data

NORTH BURNETT (LGA)

27

59

Dec-15

N/A

N/A

$1M+ 48 56

SUNSHINE COAST & NOOSA LAND SALES

N/A

N/A

$500k+

$350K+

64

<$350K

N/A

N/A

$250K+

19 11 10

9

*Preliminary data Houses<2,400m

10

5

172

15

11

10

21 11

34

KALKIE

THABEBAN

23 34 21 $350K+

*Preliminary data

KEPNOCK

WALKERVALE

239* 241 Jun-16

$250K+

150

*Preliminary data

HOUSE SALES

Mar-16 232

Dec-15 215

145

Jun-16 *

<$250k *Preliminary data

7

$250K+

10

$500k+

Jun-16 *

4

11

3

3

$350K+

JUNE QUARTER 2016

37


94

89

91

51

GOLD COAST LAND SALES REGIONAL MARKET<$350K UPDATES Dec-15

Mar-16

$350K+

$500k+

79

150

Mar-16 327

145 286 285 94 46 215

Jun-16 *

41

232 The Gladstone34market is probably one of the most 23 21 challenged markets in Queensland, with median house <$250k $350K+ $500k+ $1M+ 123 110 and $250K+ unit prices continuing to fall. 95

The resources downturn has hit the27 area hard. However, 150 in early September the price of coking coal reached $170 $250K+ $350K+ $500k+ $1M+ a tonne, the highest spot price for more than a year. 64 59 Naturally, the hope for the state’s 29 mines in the 34 10 Bowen Basin that mine coking coal is that 15the 5price continues to rise. <$350K $350K+ $500k+

<$250k *Preliminary data

data SUNSHINE COAST*Preliminary & NOOSA LAND SALES Houses<2,400m

The State Dec-15 Government Mar-16 Jun-16 * has focused attention on the area and recent projects to launch or move closer to 195 fruition BUNDABERG include: UNIT SALES

190

Dec-15

147

Mar-16

*Preliminary data

*Preliminary data

*Preliminary data BUNDABERG LAND SALES Houses<2,400m

Dec-15 Mar-16 Jun-16 * Local agents and property managers report they are continuing to have difficult conversations with investors 57 ROCKHAMPTON & LIVINGSTONE UNIT SALES and vendors, who are struggling to adjust to the steadily 48 Dec-15 Mar-16 Jun-16 * slipping prices.

22

HOUSE 18 18 MARKET

Dec-15

Mar-16 14 4

*Preliminary data

169

133 Compared with 12 months ago, the annual median $250K+ $350K+ $500k+ sale price has dropped 6.9 per cent, from80 $372,000 58 to $346,500, and this is 15.5 per cent lower than46 five years ago, when it was $410,000.

<$250k *Preliminary data

<$350K

$350K+

*Preliminary data Houses<2,400m

TOWNSVILLE UNIT SALES

Dec-15 Mar-16 Jun-16 Vendor discounting has* moved from 8.1 per cent to 9.6 per cent in 12 months. This is a buyers’ market and 46 agents 44report they are flexing their bargaining muscles at 40 27 37 the negotiating table. 32

75 54

50

2

2

UNIT MARKET $250K+

<$250k

Dec-15

3

1

22

5

2

57 <$250k 44

*Preliminary data

7

Jun-16 *

44

43

9

6

$350K+ 11 7

6

40

3

2 <$250k

24 $350K+

$250K+

2

$500k+

*Preliminary data

17 9

<$350K

$350K+ FRASER COAST LAND SALES

*Preliminary data Houses<2,400m

Dec-15

Mar-16

5

$500k+

Jun-16 *

133 119

113

GLADSTONE UNIT SALES Dec-15

Mar-16

Jun-16 *

14

MACKAY HOUSE SALES Dec-15

9

130 8

Mar-16

6 7

8

116 110 <$250k

6

Jun-16 *

7

4 $250K+

*Preliminary data

83

4

82

3 5

3 1

53

<$250k

$250K+

$350K+

1 $500k+

28

20

*Preliminary data

<$350K

$350K+

*Preliminary data Houses<2,400m

2 0 7 $350K+

17

$500k+

GLADSTONE LAND SALES Dec-15

Mar-16

Jun-16 *

19 17

MACKAY UNIT SALES Dec-15

Mar-16

Jun-16 *

11 22

16

15

CAIRNS & DOUGLAS HOUSE SALES Dec-15

Mar-16

313 0

8

<$250k

3

189

3 0

0

$250K+

6

*Preliminary data

160

Jun-16 * 14

1 305

6

5

195 153

136

<$250k

$250K+

$350K+

1 131

*Preliminary data

<$350K

0

$350K+ 5

$350K+

0

$500k+ 92

$500k+

MACKAY LAND SALES

*Preliminary data Houses<2,400m

Dec-15

Mar-16

Jun-16 *

43 33 RENTAL MARKET

CAIRNS & DOUGLAS UNIT SALES Dec-15

Mar-16

Jun-16 *

The Gladstone rental market has weathered a tough 249 230 16 couple of years, and the June quarter hasn’t brought any 178 7 good news. 4 2 2 2 1

$350K+ 17

19

4

Mar-16

19 $250K+

*Preliminary data

$500k+

ROCKHAMPTON & LIVINGSTONE LAND SALES The median days onJun-16 market have pushed out to 79 days Dec-15 Mar-16 * from 70 days this time last year, although the market is still moving quicker than Mackay and Fraser Coast.

97

28 GLADSTONE HOUSE SALES 10 9

26

Jun-16 *

7 The quarterly Gladstone median house price, from 283 3 110 11 1 268 1 74 transactions, was $331,250, a drop of 6.7 per cent 229 7 <$250k $250K+ $350K+ 205 5 5 from the last6 quarter.

Jun-16 *

35

TOWNSVILLE HOUSE SALES

17

Mar-16

52

Jun-16 *

• An119oil refinery plant that will turn waste products, 29 such56 as tyre into &renewable oil forSALES biofuel 65 60 59 rubber, ROCKHAMPTON LIVINGSTONE HOUSE 35 Dec-15 Mar-16 Jun-16 * 22 22 21 28 18 15 • The Paluszczuk Government’s Back To Work 13 5 regional 6 18 215 jobs program off in Gladstone 203 kicked <$250k $250K+ $350K+ $500k+ $1M+ 8 8 • The first cruise ships welcomed to6 the Port of 6 153 Gladstone, bringing3 tourists 2to 2the region 75 $17 million$350K+ marine 80terminal to be built on <$250k• A new$250K+ $500k+ 51 33 100 33 Gladstone Port Corporation land will create jobs and 17 ferry passengers, materials and equipment to Curtis <$350K $350K+ Island, supporting both GLNG and QCLNG $500k+ operations 61

Dec-15

39

48 56

187

9

$500k+

FRASER COAST UNIT SALES

92

239 241 HOUSE SALES 21 11BUNDABERG 19 11 10 9 Dec-15 Mar-16 Jun-16 * 172

196

23

18

Jun-16 *

137

285

*Preliminary data

Mar-16 $350K+

*Preliminary data Houses<2,400m

SUNSHINE COAST & NOOSA UNIT SALES Dec-15

Dec-15

<$350K

GLADSTONE

289

16

TOOWOOMBA LAND SALES

$1M+

Jun-16 *

*Preliminary data Houses<2,400m

436

71

68

10 just 18 transactions The Gladstone unit market reported 9 this quarter, down from 29 the previous quarter. The <$250k median $250K+ $350K+unable to $500k+ unit price was be calculated due to the small number of transactions over the quarter.

*Preliminary data

The annual median sale price of $280,000 is 1.8 per cent higher than 12 months TOWNSVILLE LAND SALESago, but 29.4 per cent below the * five-year Dec-15 mark,Mar-16 whenJun-16 the median sale price was $396,500. 124

The gross rental for houses fell again,$350K+ to <$250kyields $250K+ 90 70 69 55 57steady at 3.3 per cent. 3.5 per cent and for units held 41 38 38 *Preliminary data

22

9

6

*Preliminary data

119

122

93

46

40

31 11

7 7 4 MONITOR 38 QUEENSLAND MARKET <$250k

$250K+

16 3 $350K+

3

Over the quarter, the median weekly rents for three<$250k $250K+ $350K+ $500k+ $1M+ bed houses has dropped $30 a week, to $220 a week, and the same can be said for two-bed units which have fallen by about $30 a week to $160 a week, and three-bed townhouses have fallen bySALES around $35 a CAIRNS & DOUGLAS LAND week to $215 a week. Dec-15 Mar-16 Jun-16 *

3 <$250k

$250K+

17

10

9 $350K+

10


REGIONAL MARKET UPDATES

SALES MARKET - HOUSES

SALES MARKET - VACANT LAND QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

ANNUAL MEDIAN SALE (5YRS AGO)

ANNUAL MEDIAN SALE

ANNUAL MEDIAN SALE (5YRS AGO)

SUBURB

NO. SALES

MEDIAN SALE

GLADSTONE (LGA)

74

$331,250

-6.7%

$346,500

-6.9%

-15.5%

$410,000

GLADSTONE (LGA)

7

N/A

N/A

$190,000

0.5%

-1.3%

$192,500

GLADSTONE (LGA) ^

21

$350,000

-1.4%

$360,000

-26.4%

-29.6%

$511,250

KIRKWOOD

1

N/A

N/A

$197,500

1.3%

-3.2%

$204,000

AGNES WATER ^

5

N/A

N/A

$302,500

-17.9%

-19.3%

$375,000

BOYNE ISLAND

6

N/A

N/A

$380,000

-9.0%

-15.4%

$449,000

CALLIOPE

5

N/A

N/A

$340,000

-7.6%

-18.1%

$415,000

CLINTON

12

N/A

N/A

$340,000

-1.0%

-16.9%

$409,000

GLEN EDEN

5

N/A

N/A

$335,000

-22.1%

-26.8%

$457,500

KIN KORA

1

N/A

N/A

$337,500

-0.7%

-13.5%

$390,000

KIRKWOOD

4

N/A

N/A

$405,000

-5.9%

-22.8%

$524,500

NEW AUCKLAND

7

N/A

N/A

$357,000

-3.5%

-12.6%

$408,500

NO. SALES

SUBURB

MEDIAN SALE

QTRLY CHANGE

1YR 5YR CHANGE CHANGE

RENTAL MARKET - 3 BED HOUSES POST CODE

JUN-16 LOCALITYL

$/WEEK

JUN-15

NEW BONDS $/WEEK

NEW BONDS

GLADSTONE REGIONAL

$220

254

$300

280

4677

AGNES WATER/MIRIAM VALE

$320

16

$300

17

4680

GLADSTONE/BOYNE ISLAND/CLINTON/NEW $210 AUCKLAND/KIN KORA/ TANNUM SANDS

227

$300

257

BANANA SHIRE

$275

32

$300

50

SOUTH GLADSTONE

6

N/A

N/A

$350,000

6.1%

-6.7%

$375,000

TANNUM SANDS

10

N/A

N/A

$420,000

-1.2%

-9.2%

$462,750

TELINA

4

N/A

N/A

$395,000

2.6%

-10.2%

$440,000

4715

BILOELA

$300

14

$330

18

WEST GLADSTONE

4

N/A

N/A

$250,000

-16.5%

-32.4%

$370,000

4718

BAUHINIA

$200

16

$290

27

SURROUNDS BANANA (LGA)

24

$155,000

-35.2%

$197,500

-24.9%

-27.5%

$272,500

BILOELA

17

N/A

N/A

$255,000

-17.7%

-11.5%

$288,000

SALES MARKET - UNITS & TOWNHOUSES GLADSTONE (LGA)

18

N/A

N/A

$280,000

1.8%

RENTAL MARKET - 2 BED UNITS 4680

-29.4%

$396,500 4715

GLADSTONE REGIONAL

$160

210

$240

205

GLADSTONE/BOYNE ISLAND/CLINTON/ NEW AUCKLAND/KIN KORA/ TANNUM SANDS

$160

206

$240

200

BANANA SHIRE

$250

11

$231

21

BILOELA

$250

9

$270

13

RENTAL MARKET - 3 BED TOWNHOUSES 4680

GLADSTONE REGIONAL

$215

91

$325

85

GLADSTONE/BOYNE ISLAND/CLINTON/ NEW AUCKLAND/KIN KORA/ TANNUM SANDS

$210

88

$325

83

JUNE QUARTER 2016

39


REGIONAL MARKET UPDATES

ROCKHAMPTON The June quarter for the Rockhampton residential market was very quiet, with sales volumes very low and the annual median sale price continuing to fall – down 6.8 per cent this quarter to $275,000, the lowest it’s been in almost nine years. The unit market had too few transactions to extract any meaningful data. Investors are scarce in this marketplace at the moment, and the buyers are mostly owner-occupiers making the most of the ideal buying conditions. Projects such as the Riverbank Revitalisation Project – a $36 million development that is intended to revitalise the Fitzroy riverbank along Quay Street – and the CBD Master Plan, have yet to break ground and so it will be some time yet before the economic benefits, including jobs and business confidence, find traction. However, these projects, along with the announced Australia-Singapore strategic military partnership that will bring $2.25 billion to our key military bases in Townsville and Rockhampton, can not be underestimated for the positive impact they will have on the local economy. What is less clear is how long it will take for the positive effects to flow through to the property market. HOUSE MARKET

With approximately 161 house sales this quarter, roughly 60 fewer than last quarter, the market is continuing to slow. The median house price fell 3.8 per cent to $260,000 and houses spent, on average, 69 days on the market. Median vendor discounting has stretched from 7.7 per cent to 8.1 per cent, the fourth highest of Queensland’s major centres, behind Mackay (11 per cent), Gladstone (9.6 per cent) and Townsville (8.2 per cent).

UNIT MARKET

The scarcity of investors in the Rocky market has impacted the unit market the most, with only 16 transactions this quarter. With too few transactions in the unit market this quarter to extract meaningful data, we are unable to make a comment about the median price or its movement from last quarter’s $297,000.. The Empire Apartment and Hotel, in Rockhampton’s riverfront precinct, has reported sales activity this quarter, which is encouraging, with some apartments starting around $435,000. RENTAL MARKET

The rental market weakened over the June quarter despite vacancy rates slightly improving and returns for investors remaining steady. The vacancy rate fell fractionally in June, reported as 6.5 per cent this quarter, down from 6.9 per cent. Apart from last quarter, however, it’s still the highest it’s been since December 2013. Indicative gross rental yields for houses slipped from 5.7 per cent to 5.6 per cent, but held steady for units at 4.3 per cent. Data also reveals that the weekly rents dropped in the June quarter, with three-bedroom houses commanding $280 a week – compared to $295 a week in the March quarter – while units attracted $200 a week in the June quarter, which is $20 less than the previous quarter.

As usual, the busiest price point remains the sub$350,000 price point. Those first-home buyers who are venturing into the market are finding plenty of affordable options. Data to May 2016 indicates that annual listings volumes have remained relatively steady at about 2,270 compared to 12 months ago at 2,240. Our estimations indicate that approximately 39 per cent of listings were converted to sales over the past 12 months compared to 79 per cent in Brisbane LGA. The June quarter data reveals the market is still around 6.8 per cent below the level it was at 12 months ago and almost 11 per cent below levels of five years ago. The short term prognosis remains flat to trending downwards

40 QUEENSLAND MARKET MONITOR

The rental market weakened over the June quarter despite vacancy rates slightly improving and returns for investors remaining steady.


BRISBANE LAND SALES Dec-15

SUBURB

MEDIAN SALE

177

ANNUAL MEDIAN SALE

QTRLY CHANGE

1YR 5YR CHANGE CHANGE

ANNUAL MEDIAN SALE (5YRS AGO)

ROCKHAMPTON (LGA)

161

$260,000

-3.7%

$275,000

-6.8%

-11.0%

$309,000

ROCKHAMPTON (LGA) ^

9

N/A

N/A

$380,000

-2.2%

-1.9%

$387,500

ALLENSTOWN

10

N/A

N/A

$250,000

-2.9%

-4.8%

$262,500

BERSERKER

19

N/A

N/A

$227,000

1.1%

-11.5%

$256,550

FRENCHVILLE

16

N/A

N/A

$319,500

1.1%

-3.2%

$330,000

GRACEMERE

9

N/A

N/A

$295,000

-9.2%

-10.6%

$330,000

KAWANA

12

N/A

N/A

$297,500

-4.8%

-6.3%

$317,500

KOONGAL

14

N/A

N/A

$240,000

4.4%

-4.0%

$250,000

MOUNT MORGAN

9

N/A

N/A

$110,000

15.8%

-11.5%

$124,250

NORMAN GARDENS

20

$380,000

-2.3%

$365,000

-13.5%

-17.0%

$440,000

PARK AVENUE

17

N/A

N/A

$230,000

-9.5%

-11.2%

$259,000

THE RANGE

14

N/A

N/A

$350,000

-4.1%

0.0%

$350,000

WANDAL

12

N/A

N/A

$290,000

-7.9%

0.9%

$287,500

POST CODE

JUN-16 Dec-15 Mar-16 Mar-16 Jun-16 Jun-16 Dec-15 * * 131

863 842 87

ROCKHAMPTON REGIONAL

541

4700

4701

511

$200

66

$200603

CENTRAL QLD UNI/ FRENCHVILLE/ 331 277 KALKA/ KOONGAL/ LAKES CK/$250K+ <$250k 210 94 89 NERIMBERA/ *Preliminary dataNTH ROCKHAMPTON/ 51 OASIS GARDENS/ PK AVENUE PO/ ROCKHAMPTON <$350K $350K+

$200

<$250k

$172,500

1.5%

$180,000

-25.0%

-50.0%

$360,000

N/A

N/A

$130,000

-13.9%

-61.9%

$341,500

EMERALD

19

N/A

N/A

$240,000

-16.5%

-38.7%

63

$370,000

0.0%

$372,000

-2.1%

-0.8%

$375,000

LIVINGSTONE (LGA) ^

28

$490,000

4.3%

$488,000

1.1%

6.1%

$460,000

EMU PARK

6

N/A

N/A

$310,000

-7.1%

-16.2%

$370,000

LAMMERMOOR

4

N/A

N/A

$475,000

18.0%

10.5%

$430,000

YEPPOON

23

$415,000

30.9%

$357,500

-3.1%

-7.2%

$385,250

ZILZIE

6

N/A

N/A

$360,000

-7.7%

-4.0%

$375,000

$27043

57

32

$500k+

133 $500k+

$350K+

$260

91 $220 156 79 172 68

99

154

$1M+

$500k+

$1M+

63

$280

66

$280

62

$190

51

$190

45

$120

10

$330

10

Houses<2,400m

4703

4720

BAYFIELD/BUNGUNDARRA/BYFIELD/ COOEE BAY/FARNBOROUGH/KEMP $260 57 BCH/KINKA BCH/LAMMERMOOR BCH/STATUTE BAY/TARANGANBA/ WOODBURY/YEPPOON GOLD COAST LAND SALES CENTRAL HIGHLANDS REGIONAL $180 52 Dec-15

EMERALD 436

Mar-16

Jun-16 *

$190

45

BUNDABERG HOUSE SALES SUNSHINE COAST & NOOSA UNIT SALES Mar-16

Mar-16 327

Jun-16 *

Jun-16 *

RENTAL MARKET286-2853 BED 285 TOWNHOUSES 196

$391,250

LIVINGSTONE (LGA)

188

58

689 666 495 476

$250K+

Dec-15

CENTRAL HIGHLANDS (LGA) 30

NEW BONDS

$230

$350K+

289

BLACKWATER

192

52 ALLENSTOWN/DEPOT HILL/GREAT 567 28 22 KEPPEL IS/ROCKHAMPTON/WANDAL 362

LIVINGSTONE SHIRE *Preliminary data *Preliminary data

JUN-15

$/WEEK 698 NEW BONDS $/WEEK 883 888 93 629 82

LOCALITYL

Dec-15

SURROUNDS 9

REGIONAL MARKET UPDATES

Jun-16 *

SUNSHINE COAST & NOOSA HOUSE SALES RENTAL MARKET - 2GOLD BED UNITS COAST UNIT SALES 151

SALES MARKET - HOUSES NO. SALES

Mar-16

4702

187 ROCKHAMPTON 215 150 REGIONAL 145

232 $340

239 241

150 LIVINGSTONE SHIRE

$340

7

172

21 11

9

94 46

34

123 23 21 AMBROSE/BANANA/BARALABA/GINDIE/ 110 95 GRACEMERE/JERICHO/KEPPEL SANDS/ <$250k $250K+ $350K+ 64 $340 SAPHIRESTANWELL/RUBYVALE/ 59 *Preliminary data WESTWOOD/WOORABINDA/WOWAN/ <$250k $250K+ $350K+ YARAKA *Preliminary data CENTRAL HIGHLANDS REGIONAL

4720

5

<$350K

56 48 $1M+

$500k+

5

N.A.

27

2

34 15

$500k+

$250

10

$230

6

$350K+

EMERALD *Preliminary data

19 11 10

5

$1M+10

$270

17

$250

8

$500k+

Houses<2,400m

SALES MARKET - UNITS & TOWNHOUSES ROCKHAMPTON (LGA)

16

N/A

N/A

$299,000

-17.2%

7.7%

$277,500

ROCKHAMPTON CITY

4

N/A

N/A

$457,500

2.1%

18.8%

$385,000

SUNSHINE COAST & NOOSA LAND SALES Dec-15

Mar-16 Jun-16 * BUNDABERG UNIT SALES

Dec-15 Mar-16 Jun-16 * ROCKHAMPTON & LIVINGSTONE HOUSE SALES 195

190

SURROUNDS

Dec-15

Mar-16

Jun-16 *

147 29

LIVINGSTONE (LGA)

20

$246,750

-5.1%

$342,000

14.4%

4.6%

$327,000

YEPPOON

11

N/A

N/A

$340,000

18.7%

-5.3%

$359,000

119

215

22203

22

65 18

153

21

60 59

56

35

SALES MARKET - VACANT LAND ROCKHAMPTON (LGA)

11

N/A

N/A

$160,000

-4.8%

18.5%

$135,000

GRACEMERE

4

N/A

N/A

$148,500

1.4%

10.0%

$135,000

NORMAN GARDENS

4

N/A

N/A

$173,000

-3.4%

-1.1%

$175,000

<$250k

$250K+

80$350K+ 75

51

<$250k

$250K+

15 18

13

6 6

$1M+

3

2

33

2

33

$500k+17

$350K+

*Preliminary data

$350K+

$500k+

*Preliminary data Houses<2,400m

LIVINGSTONE (LGA)

19

N/A

N/A

$171,500

0.9%

10.6%

$155,000

HIDDEN VALLEY

2

N/A

N/A

$175,000

-1.1%

-54.2%

$382,250

PARKHURST

4

N/A

N/A

$165,000

-4.1%

-25.0%

$220,000

BUNDABERG LAND SALES

ZILZIE

1

N/A

N/A

$159,000

-3.6%

-3.6%

$165,000

ROCKHAMPTON & LIVINGSTONE UNIT SALES

Dec-15 61

POST LOCALITY

$/WEEK

JUN-15

NEW BONDS $/WEEK

NEW BONDS

ROCKHAMPTON REGIONAL

$280

249

$290

288

4700

ALLENSTOWN/DEPOT HILL/GREAT KEPPEL IS/ROCKHAMPTON/WANDAL

$270

87

$285

86

4701

CENTRAL QLD UNI/ FRENCHVILLE/ KALKA/ KOONGAL/ LAKES CK/ NERIMBERA/ NTH $295 ROCKHAMPTON/ OASIS GARDENS/ PK AVENUE PO/ROCKHAMPTON

153

LIVINGSTONE SHIRE

165

$310

141

68

$290

63

$300

4702

AMBROSE/BANANA/BARALABA/GINDIE/ GRACEMERE/JERICHO/KEPPEL SANDS/ $270 SAPHIRESTANWELL/RUBYVALE/WESTWOOD/ WOORABINDA/WOWAN/YARAKA

4703

BAYFIELD/BUNGUNDARRA/BYFIELD/ COOEE BAY/FARNBOROUGH/KEMP BCH/ $330 KINKA BCH/LAMMERMOOR BCH/STATUTE BAY/TARANGANBA/WOODBURY/YEPPOON

Mar-16

18 Dec-15 17

Mar-16

268

14

229 205

10

7

6

169

1

11 7

1

4

3

$250K+

<$250k

5 1 5

$350K+

133

*Preliminary data

191

Jun-16 *

283

<$250k

$290

Jun-16 *

TOWNSVILLE HOUSE SALES

18 16

Jun-16 *

48

22

JUN-16 L

Mar-16

Dec-15

57

RENTAL MARKET - 3 BED HOUSES CODE

5

8 $500k+

6

*Preliminary data

<$350K

SURROUNDS

28

8

$250K+

$350K+

$500k+

80 58

*Preliminary data

<$350K

$350K+

46

$500k+

*Preliminary data Houses<2,400m

ROCKHAMPTON & LIVINGSTONE LAND SALES Dec-15

72

$340

61

97 54

4710

EMU PARK/ZILZIE

$280

25

$320

16

4714

MOUNT MORGAN

$220

9

$190

10

CENTRAL HIGHLANDS REGIONAL

$200

118

$220

129

4717

BLACKWATER

$200

61

$200

66

4720

EMERALD

$215

47

$230

56

Mar-16

Jun-16 *

TOWNSVILLE UNIT SALES Dec-15

50

Mar-16

Jun-16 *

75 44

40

46 37 32

27

22

2 <$250k

2

1

19

3

172

5

$350K+9

$250K+

10

*Preliminary data

<$250k *Preliminary data

$250K+

$350K+

$500k+

JUNE QUARTER 2016

41


2,804 2,435

REGIONAL MARKET UPDATES

1,946 1,965

1,981 1,410 1,408

MACKAY

784 758

927 582

547

Like many of <$350K Queensland’s regional$500k+ markets, Mackay $350K+ $1M+ continues to feel the impact of the mining resources downturn. The underpinning economic drivers, such as education, sugar and tourism, are not yet filling the gap that has been left by the mining losses. *Preliminary data Houses<2,400m

Jobs are a key driver behind the property market and the June jobless figures from the Department of Employment GOLD COAST HOUSE reveal Mackay’s unemployment rate SALES to be 6.2 per cent, Dec-15 Mar-16 Jun-16 * which is higher than the national average of 5.7 per cent, and among the highest in the state. 988 993 788 As with elsewhere in regional Queensland, the Mackay 590 619 property market is welcoming young first-home buyers 413 in to the market, who are taking advantage of the good 179 200 174 buying conditions. Investors are scarce. 30

19

In June, the Indian the Adani mine, <$350K billionaire $350K+ behind$500k+ $1M+ Gautam Adani, gave an interview with The Australian and expressed disappointment that the mine approval process had stretched out over six years. With two High Court cases yet to be heard, he is hopeful the approvals process will wrap up in early 2017 and he would be able to begin construction. *Preliminary data Houses<2,400m

SUNSHINE COAST & NOOSA HOUSE SALES The $16 billion mine is planned to export 60,000 tonnes Dec-15 Mar-16 Jun-16 * of coal to India and will provide an estimated 1000 jobs 698 for the region, according to The Australian’s report. 629 541

511

1,009 671

420 393

123 101 100

43

1,391

1,082

495

Once the final go-ahead had been given, and the rail and 362 port facilities constructed, it is thought this would open up the Galilee basin to other mega-mines, with Gina Rinehart 94 89 91 79 68 currently planning51a similar project in partnership with $350K+ $500k+ $1M+ another Indian<$350K mining company, GVK. *Preliminary data

Houses<2,400m HOUSE MARKET

44

UNIT MARKET <$350K

$350K+

$500k+

34

29

$1M+

The unit market in Mackay is small, with just 26 transactions in the June quarter preliminary data, compared with 29 the previous quarter. *Preliminary data Houses<2,400m

The preliminary median sale price for the June quarter is $235,000, just 2.1 per cent below last quarter. This is encouraging and is an indication that the unit market is TOOWOOMBA HOUSE SALES stabilising. The market has cent compared Dec-15 lost Mar-1621.3 Jun-16per * with last year, 23.3 per cent compared with five years 278 and 277 ago. These figures240indicate246the market may be entering a 218 stabilisation phase. 159

RENTAL MARKET 86

74

58 Mackay’s vacancy rate is the lowest in two years, and, at 7.7 per cent, represents the fourth fall in eight quarters. <$350K

$350K+

$500k+

However, 7.7 per cent is still high and is among the highest in the state, exceeded by Gladstone, Livingston Shire and the Burdekin. *Preliminary data Houses<2,400m

Gross rental yields have held steady for houses at 4.6 per cent, although have dropped slightly for units, to 4.4 per cent. FRASER COAST HOUSE SALES

Dec-15 Mar-16 place Jun-16 * in Queensland Mackay is almost the cheapest to rent a three-bed house, which would cost just $280 292 283 a week. Gladstone is cheaper, at $220 a week median 220 rent. The same three-bedroom house on the Gold Coast would nearly be double, at $460 a week and in Brisbane it would be $420 a week. 102 92 71

23 Median rents for two-bed units held steady at 9 18 $200 a week and a three-bed townhouse fell slightly <$350K $350K+ $500k+ to $290 a week. *Preliminary data Houses<2,400m

The Mackay market is classified as falling and the median house price fell 6.9 per cent this quarter to deliver a median house price of $316,500. The number of transactions continues to fall, from BUNDABERG HOUSE SALES Dec-15sales Mar-16 this Jun-16quarter * 219 sales last quarter to 189 in the preliminary data. 196

GLADSTONE HOUSE SALES Dec-15

57

187

Taking a longer term150view, the annual median house price is $340,000 which is 9.3 per cent down on a year ago and also 16.9 per cent down on five years ago. The 64 59 suburb of North Mackay has suffered the biggest long34 15 10 term falls of any suburb in the state, now 31 per cent 5 below the mark set <$350Kfive years ago, $350K+ with an annual $500k+ median house price of $245,000, down from $355,000. Blacks Beach and South Mackay have incurred similar losses to median house prices – 28.8 per cent and 27 per cent, respectively. *Preliminary data Houses<2,400m

This is an area that is doing it tough, with significant ROCKHAMPTON & LIVINGSTONE HOUSE SALES losses to the median sale price. The REIQ has lobbied the Dec-15 Mar-16 Jun-16 * State Government extensively to broaden the first-home 215 buyers’ grant to203 include established homes – where it would do enormous good in regional markets such as 153 Mackay. First-home buyers in Mackay (and other regional 80 75 markets) still face the same challenges as those in 51 metropolitan areas – the challenge of getting 33 a 33 deposit 17 together – and a broadened first-home buyer grant would <$350K $350K+ help them get into the market and also create$500k+ demand for the surplus of established homes. *Preliminary data Houses<2,400m

42 QUEENSLAND MARKET MONITOR

As with elsewhere in regional Queensland, the Mackay property market is welcoming young first-home buyers in to the market, who are taking advantage of the good buying conditions. Investors are scarce.

44

43

44

Mar-16

Jun-16 *

40

24

17

9

<$350K *Preliminary data Houses<2,400m

$350K+

5

$500k+

MACKAY HOUSE SALES Dec-15

Mar-16

Jun-16 *

130 116

110 83

82 53 28

<$350K *Preliminary data Houses<2,400m

$350K+

20

$500k+

17


360

151 131 296 296

833

243

231

87

93

82 150 58

66

SALES MARKET - HOUSES

52 28

REGIONAL MARKET UPDATES

258 573 431 464

RENTAL MARKET - 3 BED HOUSES

103 98 86 43

22

<$250k

11 11 11

SUBURB

ANNUAL QTRLY MEDIAN $350K+ $500k+ CHANGE $500k+ SALE

NO. MEDIAN $250K+ SALES$350K+ SALE

<$250k

$250K+data *Preliminary

1YR 5YR $1M+ CHANGE CHANGE

*Preliminary data

$280

31

$340,000

-9.3%

-16.9%

$409,000

$440,000

-2.2%

-8.3%

$480,000

4740

MACKAY

$280

298

$300

329

ANDERGROVE

18

N/A

N/A

$302,500

-13.6%

-23.0%

$393,000 4741

VARIOUS ISLANDS/CLAIRVIEW/ETON/ FARLEIGH/FLAGGY ROCK/GARGETT/ MT CHRISTIAN/MT OSSA/OAKENDEN/ PINNACLE/PLEYSTOWE/SEAFORTH/ YALBOROO

$260

10

$320

5

BEACONSFIELD

8

N/A

N/A

$340,000

-8.1%

-15.0%

$400,000

BLACKS BEACH

7

N/A

N/A

$340,000

-18.0%

-28.8%

$477,500

7

N/A

N/A

$317,500

-18.6%

-26.4%

$431,500

8

N/A

N/A

$390,000

0.0%

-7.1%

$420,000

4750

17

-13.5%

-20.3%

$442,500

BUCASIA/SEAVIEW HEIGHTS/SHOAL PT $280LAND SALES 29 TOOWOOMBA

$295

Jun-16 * $352,500

4751

PALMYRA/WALKERSTON

Jun-16 11 *

$285

12

$430,000

-14.0%

-16.8%

$517,000

TOOWOOMBA UNIT SALES GOLD COAST LAND SALES 9

Dec-15

Mar-16

13

N/ADec-15 Jun-16 * N/A 75

Mar-16 N/A

N/A

ISAAC REGIONAL

$200

170

$220

141

137

7

N/A 63

N/A

$415,000

-7.7%

-1.9%

$423,000

4721

CLERMONT

$230

9

N.A.

4

MOUNT PLEASANT

8

N/A

N/A

$365,000

-7.6%

-13.3%

$421,000

4742

NEBO

$200

5

$200

8

NORTH MACKAY

6

N/A

N/A

$245,000

-22.7%

-31.0%

$355,000

4744

MORANBAH

$230

105

$250

82

7

N/A

N/A

$400,000

-11.5%

-20.8%

$505,000

DYSART

$150

38

$180

41

N/A

N/A

25

4745

-19.9%

-21.8%

$460,000

4746

MIDDLEMOUNT

$225

12

$250

5

3

N/A

N/A

$260,000

4.4%

-16.1%

$310,000

$290

190

$290

7

N/A

N/A

19 11 10 $320,000

WHITSUNDAY REGIONAL

-13.6%

$370,500 4800

CANNON VALLEY/CONWAY/DINGO BCH/ERLANDO <$250k BCH/MT JULIAN/MT $250K+ $300 *Preliminary data MARLOW/NTH GREGORY/PROSERPINE/ RIORDANVALE/STRATHDICKIE/WILSON BCH

4802

AIRLIE BCH/CANNONVALE/JUBILEE/ SHUTE HARBOUR/SHUTEHAVEN/ WHITSUNDAY

32 26

22 11

94 46

23 34 21

SOUTH MACKAY $250K+

40

21 11

19 <$250k$350K+

9

28

$359,500 15

10

8

10.3%

7

N/A $500k+ $250K+

N/A

$270,000 $1M+ $350K+

-10.9% $500k+-27.0%

$370,000

*Preliminary data WALKERSTON

3

N/A

N/A

$345,000

-11.8%

-21.3%

$438,500

WEST MACKAY

20

$288,500

-3.0%

$307,500

-9.6%

-16.9%

$370,000

92

52

10

9

4

7

9

6

182

29

$350K+

$300

30

$360

53

$370

46

ISAAC (LGA)

38

$102,000

-11.3%

$120,000

-42.9%

-73.3%

$450,000

4804

COLLINSVILLE

$150

12

$170

19

MORANBAH

16

N/A

N/A

$167,500

-22.1%

-65.2%

$481,000

4805

BOWEN

$270

96

$265

87

WHITSUNDAY (LGA)

58

$355,000

-6.6%

-2.5%

$364,000

$430,000

-9.6%

-3.9%

$447,500

N/A

$251,000

-23.9%

-31.3%

$365,548

N/A

$425,000

-1.0%

-3.4%

$440,000

N/A

$260,000

10.6%

-15.6%

$308,000

41 Dec-15

BOWEN

FRASER COAST UNIT SALES $350,000 Dec-15

39Mar-1612

Jun-16 *

18

N/A

CANNONVALE 195 PROSERPINE

N/A

35

28

269

N/A

6.4%

Mar-16

Jun-16 *

19

119

11 60 59 - UNITS & TOWNHOUSES SALES MARKET 56 7

MACKAY

133

MACKAY REGIONAL 119

$200

262

$225

336

4737

SARINA/SARINA BEACH/ ARMSTRONG BEACH

$160

10

$198

22

4740

MACKAY

$200

236

$230

301

4750

BUCASIA/SEAVIEW HEIGHTS/SHOAL PT

$150

8

N.A.

4

ISAAC REGIONAL

$230

31

$175

20

$350

15

$250

$313,000

4744

MORANBAH

6

N/A

-24.7%

$320,000

4746

MIDDLEMOUNT

$230

10

WHITSUNDAY <$250k REGIONAL

$250K+ $260

206

$350K+

$260

173

4800

CANNON VALLEY/CONWAY/DINGO BCH/ERLANDO BCH/MT JULIAN/MT $190 MARLOW/NTH GREGORY/PROSERPINE/ RIORDANVALE/STRATHDICKIE/WILSON BCH

17

$200

9

4802

AIRLIE BCH/CANNONVALE/JUBILEE/ SHUTE HARBOUR/SHUTEHAVEN/ WHITSUNDAY

122

$275

108

4805

BOWEN

$210LAND SALES 63 GLADSTONE

$220

52

$250K+ $500k+

N/A

$242,000

$350K+ $1M+

-24.4%

$500k+

WHITSUNDAY (LGA)

39

$230,000

-13.2%

$285,500

9.8%

2.0%

$280,000

AIRLIE BEACH

11

N/A

N/A

$359,500

-13.2%

-0.6%

$361,500

CANNONVALE

18

N/A

N/A

$258,950

7.9%

-12.2%

$295,000

SALES BUNDABERG MARKETLAND - VACANT LAND GLADSTONE UNIT SALES SALES RURAL VIEW 57

Jun-16 * N/ADec-15

Mar-16 16

14

Mar-16 N/A

Jun-16 * $165,000

-17.1%

-8.8%

$181,000

4

N/A

N/A

$147,500

-25.3%

-29.8%

$210,000

10

N/A 8

N/A

$167,500

-3.7%

12.4%

$149,000

2

N/A 6

N/A

$170,000

-2.3%

36.0%

$125,000

48

8

9

CANNONVALE

7

4 7 1 <$250k

<$250k

*Preliminary data

4

3

1

$250K+

7

5 3 1

1

1

$350K+ $350K+

$250K+

Mar-16

Jun-16 * Dec-15

7 0

6

Jun-16 *

MACKAY REGIONAL

11

$290

32

$300

43

MACKAY

$290

28

$300

40

ISAAC REGIONAL

$250

32

$270

17

4744

MORANBAH

$2801

17

4745

DYSART

4740

0 <$250k

Mar-16

N.A.

0

$315 0

4

$165

8 0

6

WHITSUNDAY REGIONAL

$300

36

$350K+

$315

25

4802

AIRLIE BCH/CANNONVALE/JUBILEE/ SHUTE HARBOUR/SHUTEHAVEN/ WHITSUNDAY

$320

16

$350

15

4805

BOWEN

$300

16

$300

5

$500k+

$250K+

3

*Preliminary data

MACKAY LAND SALES Dec-15

Jun-16 *

Mar-16

Jun-16 *

43

15

33

16 14

8

27

16

6 2

<$250k

2

$250

19

22 75

Mar-16

3

17

ROCKHAMPTON & LIVINGSTONE LAND SALES MACKAY UNIT SALES

97

7

$280

Dec-15

*Preliminary data

Dec-15

4

RENTAL MARKET - 3 BED TOWNHOUSES

SURROUNDS WHITSUNDAY (LGA)

6

*Preliminary data

SURROUNDS

Dec-15

113

3 -23.3% -21.3% 2 2

*Preliminary data

MACKAY (LGA)

Jun-16 *

26

<$250k $350K+

$250K+

FRASER COAST LAND SALES Dec-15 Mar-16 RENTAL MARKET - 2 BED UNITS

6 28 $235,000 $240,000 15 18 -2.1%13 5 6

35

MACKAY (LGA)

*Preliminary data

Mar-16 $270

Dec-15

MARIAN

SUNSHINE COAST & NOOSA WHITSUNDAY (LGA) ^ 14 LAND N/ASALES N/A

61

33

N/A

SURROUNDS

*Preliminary data

$280

-6.9%

SLADE POINT

<$250k

411

*Preliminary data SARINA/SARINA BEACH/ARMSTRONG BEACH

N/A

SARINA

65

NEW BONDS

$300 $500k+

$316,500

150 RURAL145 VIEW

147

402 $350K+

19

OORALEA

190

$280

$250K+

JUN-15 22

189

GLENELLA

<$250k

MACKAY REGIONAL <$250k

JUN-16 56 63 24 41 27 NEW BONDS $/WEEK

MACKAY (LGA)

EIMEO

*Preliminary data

$/WEEK

LOCALITYL

MACKAY (LGA) ^

BUCASIA

289

204

POST CODE

4737

EAST MACKAY

436

ANNUAL MEDIAN SALE (5YRS AGO)

<$250k *Preliminary data

2 $250K+

6 3

1

$250K+

3

2

5 5

$350K+ $350K+

5

7

1 $500k+

4

0 <$250k

$250K+

2

2

2

1

$350K+

*Preliminary data

JUNE QUARTER 2016

43


REGIONAL MARKET UPDATES

TOWNSVILLE Townsville’s residential property market has experienced some quarterly volatility, with a jump in growth of almost three per cent in the median house price, from $330,000 to $339,685.

The most active price point remains the sub-$350,000 mark, indicating that the bulk of buying and selling is being done by wage-earners and this is where the greatest value is to be found.

It is hoped that the region is beginning to emerge from choppy market conditions, although it is still two per cent down on 12 months ago and 8.3 per cent down on five years ago.

Due to a change in methodology at CoreLogic, the days on market are now calculated differently and the Townsville market is now reporting a median average of 70 days on market compared with 66 days about 12 months ago.

This quarter 412 houses were sold, down about 100 sales on the March quarter, so sales volumes based on preliminary data appears to be dropping. Overall, the REIQ considers the market is bearing up reasonably well under the job losses from the shutdown of the nickel refinery even though the market is still considered to be a falling market. Recent labour market figures from the Department of Employment put Townsville’s June unemployment rate at almost the highest in the state, at 12.6 per cent. This will continue to create instability and volatility in the residential property sector. The state and federal government-backed projects such as Townsville’s ring road, which is tracking ahead of schedule and should be completed in early 2017, and the announcement of the North Queensland Football Stadium, have buoyed business confidence in the region, as well as created jobs for more than 1000 workers, softening the impact of the nickel refinery and mining job losses. The State Government has announced it will fast-track many of its construction and roadworks projects, which will bring additional jobs to the region and this will benefit the property sector. HOUSE MARKET

With an unexpected result this quarter of 2.9 per cent growth, to deliver a median sale price for houses of $339,685, the Townsville market continues to show some volatility. The March quarter median fell 8.3 per cent from January, so to have growth in the June quarter is very surprising. Likely causal factors include remedial measures from the government, along with the diverse economic drivers such as a significant defence force presence along with significant activity in the commercial sector. As mentioned earlier, the state and federal governments have committed to long-range projects that will deliver jobs to the area. However, the number of jobs needed to offset the losses is in the thousands. The short-term boosts to business confidence will hopefully trigger further investment in the region from the private sector and this will lead to further jobs growth. Even though the June quarter has reported a solid result, the Townsville market remains below previous levels. The annual median sale price (as opposed to the quarterly sale price) of $343,000 is two per cent below 12 months ago and 8.3 per cent below 2011 levels. 44 QUEENSLAND MARKET MONITOR

Compared with other regional markets Townsville (70 days) is at about the mid-point. It is the fifth-slowest market in Queensland, exceeded by Noosa (76 days), Gladstone (79 days), Mackay (82 days), and Fraser Coast (87 days). UNIT MARKET

The median sale price for units in Townsville for the June quarter is $280,000, and while there is a slippage of some points, the market is generally remaining steady compared with 12 months ago. The annual median sale price is $285,000 and this is 0.2 per cent higher than 12 months ago, which is really positive news. Unfortunately, it is still about 11 per cent below the five-year level of $320,000. RENTAL MARKET

As mentioned earlier, the jobless rate in Townsville is high, at 12.6 per cent, which is the highest in the state apart from outback Queensland. Surprisingly, however, the impact on the rental market has been limited so far, with investors working to hold on to tenants. The vacancy rate has fallen a fraction in the June quarter, down from 6.0 per cent to 5.7 per cent. This represents the second consecutive fall, with the rate at 6.4 per cent in December, then 6.0 per cent in March and now 5.7 per cent in June. Weekly rents have fallen slightly across three-bed houses and two-bed units, with three-bed houses now fetching $300 a week (down from $310) and two-bed units now commanding $250 a week (down from $260 a week last quarter). The fall for three-bed townhouses has been more dramatic, losing $40 a week to bring in a median average weekly rent of $300 a week.

Townsville’s residential property market has experienced some quarterly volatility, with a jump in growth of almost three per cent in the median house price, from $330,000 to $339,685.


GOLD COAST LAND SALES Dec-15

Mar-16

TOOWOOMBA LAND SALES

REGIONAL MARKET UPDATES Dec-15 Mar-16 Jun-16 * GLADSTONE HOUSE SALES

Jun-16 *

BUNDABERG HOUSE SALES Dec-15

Mar-16

Jun-16 *

436

Dec-15

196 289

150

TOWNSVILLE (LGA ) 123 AITKENVALE

95

$250K+ N/A

5

<$250k

$250K+

<$350K

23

*Preliminary data *Preliminary data

2.9%

$343,000

59 -8.3%

11 9 $417,000

-8.3%

19 11 10

-5.2%

-5.4%

ANNUAL MEDIAN SALE (5YRS AGO)

41

44 NO. 43 SALES

SUBURB

RAILWAY ESTATE

10

N/A

N/A

$440,750

RANGEWOOD ^

1

N/A

N/A

$500k+ $320,000

$490,000

-4.3%

$350K+ 2.6%

$410,000

-2.4%$500k+-12.4%

$468,000

THURINGOWA CENTRAL <$350K 2

15

$500k+

10

5

1.0%

$1M+

$343,250

RASMUSSEN

14

$485,000

SOUTH TOWNSVILLE

13

*Preliminary data Houses<2,400m

19 $325,000

10

$507,500

-5.8% 9 17 4 6.8%

-1.2%

9

N/A

$250K+37.2% 6 $395,000

N/A

N/A

$325,000

-9.7%

N/A <$250k

$350K+ N/A

N/A

<$250k

*Preliminary data

9

6 $468,500 $350K+ $297,500 3 2 2

5

-7.1%

$360,000

$500k+ $350K+ -15.4% -5.9%

$250K+ $291,750

ANNUAL MEDIAN SALE (5YRS AGO)

$329,000 7

8.3%

11

7 32.8%

*Preliminary data

$500k+ $345,000

BOHLE PLAINS Houses<2,400m 11

N/A

N/A

$425,000

2.4%

-3.4%

$440,000

VINCENT

N/A

N/A

$250,000

-4.9%

-11.3%

$282,000

BURDELL

N/A

N/A

$410,000

-0.9%

-3.7%

$425,750

WEST END

8

N/A

N/A

$352,000

-2.2%

-2.2%

$360,000

WULGURU

12

N/A

N/A

$285,250

-4.9%

-9.4%

$315,000

11

BUSHLAND BEACH

16

N/A

N/A

$384,000

-4.0%

-8.0%

$417,500

CONDON

14

N/A

N/A

$299,500

6.6%

-9.2%

$330,000

14

N/A

N/A

$281,000

-1.4%

CRANBROOK CURRAJONG

5 N/A N/A $265,000 SUNSHINE COAST & NOOSA LAND SALES -7.0% ROCKHAMPTON &Mar-16 LIVINGSTONE SALES 2 N/A N/A UNIT $285,000 BUNDABERG SALES Dec-15 Jun-16 * HOUSE -13.0%

DEERAGUN DOUGLAS

21 190

GULLIVER

12 215

203 29

147

HEATLEY

13

22

HERMIT PARK IDALIA KELSO

*Preliminary data

MOUNT LOUISA NORTH WARD OONOONBA

$152,000

FRASER COAST LAND SALES -25.9% $180,000 -5.3% -25.0%

$240,000

AYR

17

MACKAY HOUSEGLADSTONE SALES N/A $205,000 UNIT -8.9% SALES -23.3% 133 N/A

$267,250

N/A

$175,000

-0.3%

-16.7%

$210,000

N/A

N/A

$248,000

-6.4%

-16.6%

$297,500

CHARTERS TOWERS CITY

2

N/A

N/A

$150,000

0.0%

-21.9%

$192,000

N/A 60 N/A 59 8

N/A

35

-4.6%

-9.7%

$377,500

11.0%

5.1%

$348,500

HINCHINBROOK (LGA)

12

N/A

-1.0% 6

$490,000

INGHAM

7

N/A

-7.6% 13

8

N/A

$250,000 6 51 $500k+ 3

5

-13.0% 2 -3.3%

-27.5% 6 $1M+ 33 2 -7.6% 17

$345,000

$332,500

$360,000

$500k+

33

$367,000 $250K+

-11.6%

$350K+

$390,000

4.5%

N/A

N/A

$332,500

-12.5%

$350K+

-5.7%

$413,500

-11.4%

$375,250

$500k+

12

N/A

N/A

$685,000

1.9%

17.6%

$582,500

N/A

N/A

$292,000

0.7%

-7.3%

$315,000

Mar-16

Dec-15

Jun-16 *

Mar-16

Jun-16 *

TOWNSVILLE HOUSE SALES Dec-15

48 18

16

Mar-16

113

83

82

9

8

N/A

76 <$250k

6

7

133

1

1

TOWNSVILLE (LGA)

<$350K

*Preliminary data

Houses<2,400m BELGIAN GARDENS

7 4

28

106

<$250k $280,000

$350K+

N/A

N/A

-1.8%

*Preliminary data

1

7

3

20

2

0

3 $350K+

17 1

1

$285,000

$500k+ $350K+ 0.2% -10.9%

$500k+ $320,000

$325,000

8.7%

-9.7%

$360,000 $330,000

$250K+

DOUGLAS

1

N/A

N/A

$265,000

-18.5%

-19.7%

NORTH WARD

21

$288,500

26.5%

$290,000

-6.5%

-19.4%

$360,000

PIMLICO

2

N/A

N/A

$200,000

-21.7%

-24.5%

$265,000

SOUTH TOWNSVILLE

10

N/A

N/A

TOWNSVILLE CITY

17

N/A

N/A

WEST END

7

N/A17

19

$385,000 LAND -25.8% GLADSTONE SALES-8.3%

$420,000

Dec-15

Jun-16 * $366,500Mar-16 MACKAY UNIT-4.8% SALES -14.8% Dec-15 Mar-16 Jun-16 $173,500 -15.4% *-40.6%

N/A

$430,000 $292,000

CAIRNS & DOUGLAS HOUSE SALES Mar-16

4

3

5 1 5

$350K+

46

$500k+

$350K+

189 5

160

0

Jun-16 *

$500k+

-5.2%

N/A

N/A

N/A

N/A

6 $150,750

N/A

$146,500

4

BUSHLAND BEACH

3

*Preliminary data

3

*Preliminary data

MOUNT LOUISA

*Preliminary data Houses<2,400m

136

$156,450

BURDELL KELSO

*Preliminary data

<$350K

BOHLE PLAINS

15

42

TOWNSVILLE (LGA) ^

80 $350K+ 58

$250K+

3 <$350K

N/A N/A

<$250k

<$250k

Mar-16

0 3

N/A

N/A

N/A N/A $350K+

$133,450

-2.6%

-8.0%

$175,000

-4.0% 1.8% $500k+

0

$152,000 $500k+

$145,000 $171,900

N/A

$161,000

0.0%

8.1%

$149,000

N/A

$141,500

-11.0%

-31.3%

$205,900

3

N/A

N/A

$159,000

3.3%

-53.2%

$339,724

32

4810 3

172

5

9 $350K+

$250K+

10

*Preliminary data

Dec-15

Mar-16

Jun-16 *

43

LOCALITYL

Dec-15

Mar-16

Jun-16 *

$350K+

249

JUN-16

33

$/WEEK

230

$300

BELGIAN GARDENS/CAPE CLEVELAND/ 178 CASTLE HILL/NTH WARD/PALLARENDA/ 16 $330 RAILWAY ESTATE/ROWES BAY/ 90 TOWNSVILLE/WEST END/YARRAWONGA

719

4 55 57

4812

56

4814

AITKENVALE/CRANBROOK/DOUGLAS, GARBUTT/HEATLEY/MT ELLIOT/MT LOUISA/MURRAY/VINCENT

741

$350

7

CURRAJONG/GULLIVER/HERMIT PK/ HYDE PK/HYDE PK CASTLETOWN/ $300 MUNDINGBURRA/MYSTERTON/PILMICO/ RISING SUN/ROSSLEA

*Preliminary data

NEW BONDS

$310

65 70 69

44

$500k+

JUN-15

NEW BONDS $/WEEK

CLUDEN/IDALIA/JAMES COOK UNI/ <$250k MT STUART/OAK VALLEY/OONOONBA/ *Preliminary data $320 PARTINGTON/ROSENEATH/SERENE <$250k $250K+ VALLEY/STUART/WULGURU

4811 $250K+

4.6%

$350K+

0

N/A

POST

27

<$250k

6.4%

$159,000

0

$168,500

$350K+1

N/A

37

19

-13.1% 92

$220,000 $170,000 5

6

Houses<2,400m

TOWNSVILLE CITY

22

-9.5%

$250K+

N/A

3

CAIRNS & DOUGLAS UNIT SALES RENTAL MARKET - 3 BED HOUSES

Jun-16 *

1

-11.3% 5

1

46

2

-8.6% 6 1153 0 131

$161,950

MOUNT LOW *Preliminary data

CODE

2

-6.8%

$250K+

Jun-16 *

Mar-16

-1.5%

2.8%

195 $205,000 8

MACKAY LAND SALES

TOWNSVILLE UNIT SALES Dec-15

14

OONOONBA SHAW Dec-15

-1.5%

$159,500

ROCKHAMPTON & LIVINGSTONE LAND SALES

<$250k

4

*Preliminary data SALES MARKET - UNITS & TOWNHOUSES

TOWNSVILLE (LGA)

11

10

*Preliminary data

40

$250,000 $240,000

313 305 SALES MARKET - VACANT 16 LAND

14

$250K+

44

-12.0% -13.5%

$250K+

22 Dec-15

17

169

50 75

0.0% -5.7% 5

11

205

97

8 $220,000

$207,500

7

653

N/A <$250k

Jun-16 *

229

<$250k

110

$341,000 $485,000 15 18

0.0%

130

$366,250 28

80N/A 75 $350K+

Dec-15

54

Jun-16 *

N/A 14

BUNDABERG LAND SALES

268

Mar-16

CHARTERS TOWERS (LGA116 ) 14

$329,500

28318

Jun-16 *

Dec-15

$416,750

$250K+

57

Mar-16

Jun-16 *

$305,500

4

22

Dec-15

119

Mar-16

-4.0%

ROCKHAMPTON & LIVINGSTONE UNIT SALES 61

Dec-15

-9.0%

N/A

<$350K

Houses<2,400m

35

$347,875

1.3%

10

*Preliminary data MUNDINGBURRA *Preliminary data 9

BURDEKIN (LGA)

-18.1%

-4.8%

56 N/A

29

<$250k

SURROUNDS

$278,000

4

47

$321,500 $290,000

N/A

119

14

<$250k

Dec-15 Mar-16 Mar-16 Jun-16 Jun-16 * * 0.9% $400,000

Dec-15 $405,000

-12.6% -8.6%

N/A

22 21 153 N/A

12 65 18

HYDE PARK

KIRWAN

195

4

24

Jun-16 *

1YR 5YR CHANGE CHANGE

35

28

52

UNIT SALES

Mar-16

ANNUAL MEDIAN SALE

MEDIAN44 QTRLY 40 SALE CHANGE

$374,000

N/A

34

39 92

26

48 56 27 4.1% $1M+-6.8%

$350K+

$390,000

-2.0%

21

$350K+ N/A

N/A

1YR 5YR CHANGE CHANGE

172

34 21 23 64

$385,000

10

<$250k

ANNANDALE

$339,685 46

34

*Preliminary data

ALICE RIVER ^

94

412

110

ANNUAL MEDIAN 241 239 SALE

215

145

Dec-15 SALES MARKET - HOUSES (CONTâ&#x20AC;&#x2122;D) 57

Jun-16 *

187 286 285 NO. MEDIAN 285 QTRLY SALES SALE CHANGE 150 232

SUBURB

TOWNSVILLE (LGA) ^

Mar-16 327

Mar-16 FRASER Jun-16COAST *

Dec-15 137

COAST & NOOSA UNIT SALES SALES MARKETSUNSHINE - HOUSES

75

2

41 $250K+

2 38 38

22

$330 $350K+

2

1

$350K+ 9 6

30 $500k+

3

$1M+

*Preliminary data

TOWNSVILLE LAND SALES Dec-15

Mar-16

Jun-16 *

124

<$250k *Preliminary data

$250K+

4

11

3 $350K+

$300 197 $315 CAIRNS & DOUGLAS LAND SALES Dec-15

Mar-16

195

Jun-16 *

CONDON/KELSO/PINNACLES/RASMUSSEN $275 122

126

$290

113

4816

ALLIGATOR CK/DUNK IS/GREENVALE/ HIDDEN VALLEY/HOMESTEAD/ JULAGO/MACROSSAN/MAJORS CK/ MINGELA/MUTARNEE/NELIA/NOME/ $270 46 PALM IS/PALUMA/PENTLAND/PRAIRE/ RAVENSWOOD/ROLLINGSTONE/SELLHEIM/ TOONPAN/TORRENS CK/WOODSTOCK

17

$320

13

ALICE RIVER/BOHLE PLNS/KIRWAN/ <$250k $300 RANGEWOOD/RUPERTSWOOD/ *Preliminary data STABLEFORD/\THURINGOWA CENTRAL

111 $250K+

40

7

64

4815 93

7

$320

3

4817

119

31 16

17

10

$320

9

10

$350K+ 129

JUNE QUARTER 2016

45


REGIONAL MARKET UPDATES

46 QUEENSLAND MARKET MONITOR


REGIONAL MARKET UPDATES

RENTAL MARKET - 3 BED HOUSES (CONTâ&#x20AC;&#x2122;D) POST

JUN-16 $/WEEK

JUN-15

NEW BONDS $/WEEK

NEW BONDS

CODE

LOCALITYL

4818

BEACH HOLM/BLACK RIVER/BLUE HILLS/BLUEWATER/BOHLE/BURDELL/ BUSHLAND BCH/CARINYA/CORDELIA/ DEERAGUN/INNES/JENSEN/LYNAM/ MT LOW/PURONO PK/SAUNDERS BCH/ SHAW/TOOLAKEA/YABULU

$310

89

$300

114

4819

ARCADIA/ARCADIA BAY/HORSESHOE BAY/ $310 MAGNETIC IS/NELLY BAY/PICNIS BAY

14

$300

8

BURDEKIN SHIRE

$250

52

$250

56

4806

ARKENDEITH

$260

8

$250

12

4807

AIRVILLE

$250

32

$250

38

CHARTERS TOWERS REGIONAL

$230

46

$280

34

RICHMOND HILL

$230

46

$280

34

HINCHINBROOK SHIRE

$230

24

$240

34

ABERGOWRIE

$230

24

$240

34

4820 4850

RENTAL MARKET - 2 BED UNITS TOWNSVILLE CITY

$250

721

$250

711

4810

BELGIAN GARDENS/CAPE CLEVELAND/ CASTLE HILL/NTH WARD/PALLARENDA/ $260 RAILWAY ESTATE/ROWES BAY/ TOWNSVILLE/WEST END/YARRAWONGA

346

$275

333

4811

CLUDEN/IDALIA/JAMES COOK UNI/ MT STUART/OAK VALLEY/OONOONBA/ PARTINGTON/ROSENEATH/SERENE VALLEY/STUART/WULGURU

48

$300

30

4812

CURRAJONG/GULLIVER/HERMIT PK/ HYDE PK/HYDE PK CASTLETOWN/ $210 MUNDINGBURRA/MYSTERTON/PILMICO/ RISING SUN/ROSSLEA

154

$230

161

4814

AITKENVALE/CRANBROOK/DOUGLAS, GARBUTT/HEATLEY/MT ELLIOT/MT LOUISA/MURRAY/VINCENT

$250

87

$270

98

4815

CONDON/KELSO/PINNACLES/ RASMUSSEN

$200

22

$230

25

4817

ALICE RIVER/BOHLE PLNS/KIRWAN/ RANGEWOOD/RUPERTSWOOD/ STABLEFORD/\THURINGOWA CENTRAL

$235

37

$250

33

4818

BEACH HOLM/BLACK RIVER/BLUE HILLS/BLUEWATER/BOHLE/BURDELL/ BUSHLAND BCH/CARINYA/CORDELIA/ DEERAGUN/INNES/JENSEN/LYNAM/ MT LOW/PURONO PK/SAUNDERS BCH/ SHAW/TOOLAKEA/YABULU

$220

11

$225

12

4819

ARCADIA/ARCADIA BAY/HORSESHOE BAY/ MAGNETIC IS/NELLY BAY/PICNIS BAY

$320

16

$250

19

BURDEKIN SHIRE

$215

37

$210

40

AIRVILLE

$220

32

$210

36

CHARTERS TOWERS REGIONAL

$180

17

$200

17

RICHMOND HILL

$180

17

$200

17

HINCHINBROOK SHIRE

$180

16

$170

24

ABERGOWRIE

$180

16

$170

24

4807 4820 4850

$320

RENTAL MARKET - 3 BED TOWNHOUSES TOWNSVILLE CITY

38

$335

42

4810

BELGIAN GARDENS/CAPE CLEVELAND/ CASTLE HILL/NTH WARD/PALLARENDA/ $450 RAILWAY ESTATE/ROWES BAY/ TOWNSVILLE/WEST END/YARRAWONGA

$300

7

$350

8

4812

CURRAJONG/GULLIVER/HERMIT PK/ HYDE PK/HYDE PK CASTLETOWN/ $270 MUNDINGBURRA/MYSTERTON/PILMICO/ RISING SUN/ROSSLEA

7

$365

7

4817

ALICE RIVER/BOHLE PLNS/KIRWAN/ RANGEWOOD/RUPERTSWOOD/ STABLEFORD/\THURINGOWA CENTRAL

$320

6

$310

8

4818

BEACH HOLM/BLACK RIVER/BLUE HILLS/BLUEWATER/BOHLE/BURDELL/ BUSHLAND BCH/CARINYA/CORDELIA/ DEERAGUN/INNES/JENSEN/LYNAM/ MT LOW/PURONO PK/SAUNDERS BCH/ SHAW/TOOLAKEA/YABULU

$300

5

N.A.

2

JUNE QUARTER 2016

47


10

24

46

95

23 34 21

21 11 9 64

REGIONAL$350K+ MARKET $250K+

0k

59

UPDATES $500k+

19 11 10 48 56 27 34 $1M+

ata

250k

$250K+

$350K+

$500k+

15

<$250k

5

10

$350K+

and on Dec-15 Mar-16 Jun-16 * Dec-15 Mar-16 Jun-16 * the horizon, the Cairns market is transforming itself.

215 The 203 Cairns median price for houses remained steady this 119 22 21 quarter, at $390,000 – the same as it was last quarter – 153 60 however the annual median price ($400,000) is 2.6 per 59 56 28 18 cent above35where it 12 ago and 10.5 per cent 15 was 13 months 5 6 75 8 8 80 above the five year mark. This is 6 6proof that the market has 51 $250K+ $350K+ $500k+ $1M+ 3 2 2 33 has withstood regained its equilibrium since the GFC33 and 17 the $250K+ downturn of$350K+ the mining $500k+ resources boom which <$350Kon so much of $350K+ $500k+ impacted the state.

18

k

ata

<$250k

y data

*Preliminary data Houses<2,400m

The future of the $8 billion Aquis development remains unclear, although backers seem to be telling the media with vigour and confidence that the project will go ahead. BUNDABERG LAND SALES Media reports suggest that the project will proceed Dec-15 Mar-16 Jun-16 * ROCKHAMPTON LIVINGSTONE SALES without&the casino,UNIT with construction expected to begin earlyDec-15 2017.Mar-16 TimeJun-16 will* tell.

57

22

TOWNSVILLE HOUSE SALES

48

Dec-15 revealed Mar-16 Jun-16 * A report this quarter that overseas developer 18 17283 Crystal Lagoons will build its first mega-lagoon in 268 14 Australia, a 2.2 hectare lake which will be the centrepiece 229 11 10 205 of a $200 million master-planned residential community in 7 7 169 4 6 3 5 1 1 15 partnership with developer Botanica Property Group. 133

18

<$250k

$250K+

<$250k

y data

<$250k <$350K

$250K+

50

40 27

46 However, the steady, sustainable growth over the past 44 five years has 37created good conditions and buyers are 32 searching for bargains throughout the area. 22

19

ata

$250k

$250K+

$350K+

$500k+

The median days on market have pushed out from 37 this time last year to 52 in the June quarter of this year. Vendor discounting is 5.6 per cent, which is comparable with other strongly performing regional markets.

data

130

40

<$250k

ata

The Cairns unit market, like the housing market, is performing well. The median unit price this quarter is $239,000, which represents 3.9 per cent growth on last quarter. The annual median unit price is $235,000 and this represents 6.8 per cent growth on a year ago. 11 The days on market statistics paint a picture of a slower 7 7 4 3 3 market, with median days on market for the June quarter $250K+ $350K+ at 66, up from 53 this time last year. Vendor discounting has remained the same as this time last year.

48 QUEENSLAND MARKET MONITOR

7

6

7

6 <$250k

7

4

4

53 5

3

$250K+

<$250k

$250K+

<$350K

$350K+

*Preliminary data

2 283 $350K+

1

*Preliminary data

$350K+

0

20

1 17

$500k+

$500k+

*Preliminary data Houses<2,400m

GLADSTONE LAND SALES Dec-15

Mar-16

Jun-16 *

MACKAY UNIT SALES

19

Dec-15

17

Mar-16

Jun-16 *

CAIRNS & DOUGLAS HOUSE SALES

22

Dec-15

Mar-16

Jun-16 *

11

16

15

313

305

14

8

189

6

160

0

136

<$250k

3

195

1

3 $250K+

6

0

5

0 5

153

$350K+

0

131 1

0

*Preliminary data

<$250k

$250K+

$350K+

92

$500k+

*Preliminary data

<$350K

$350K+

$500k+

*Preliminary data Houses<2,400m

MACKAY LAND SALES Dec-15

33 249

Mar-16

Jun-16 *

CAIRNS & DOUGLAS UNIT SALES

43

Dec-15

Mar-16

Jun-16 *

230 178

16 7

90

70 69

4

2

2

55 57 $250K+ 41

<$250k

38 38

*Preliminary data

<$250k

$250K+

$350K+

2 $350K+ 22

$500k+

1

9

6 $1M+

*Preliminary data

TOWNSVILLE LAND SALES UNIT MARKET Dec-15 Mar-16 Jun-16 *

93

$500k+ $500k+

14

5

3

2 2 1 Local agents are reporting217that sellers are holding off 10 $250K+ $350K+ 9 around Yorkey’s Knob, understandably waiting to see what will happen with the Aquis development.

<$250k

$350K+ $350K+

116 Three-bed houses 110 held steady at $360 a week, while twobed units fell to $285 a week and three-bed townhouses 9 83 82 8 8 $330 a week. fell from $350 a week to

Jun-16 *

The Cairns housing market is performing well, even TOWNSVILLE UNIT SALES though this quarter’s 400 transactions were almost 180 Dec-15 Mar-16 Jun-16 * fewer than the March quarter.

75

2 5

3

FRASER COAST LAND SALES

HOUSE MARKET Mar-16

9

$350K+ 2

The Cairns rental market softened slightly, with the gross Dec-15 Mar-16 Jun-16 * UNIT SALES yield for units just a little, to 6.2 per cent and 133 fallingGLADSTONE MACKAY HOUSE SALES Dec-15 * * Dec-15 Mar-16 Mar-16 Jun-16 Jun-16 113 steady at 4.8 per cent. houses 119 holding

ROCKHAMPTON & LIVINGSTONE LAND SALES Dec-15

6

RENTAL MARKET

$350K+

Projects such as the $50 million Cairns Aquarium are also 80 58 $250K+ $350K+ $500k+ 46 boosting business confidence. Once completed – which should be April 2017 – the 7500 sq m aquarium will be larger<$350K than the Sydney Aquarium (7000 sq m) and the $350K+ $500k+ *Preliminary data Melbourne Aquarium (6500 sq m). Houses<2,400m

ata

7

*Preliminary data

SUNSHINE COAST & NOOSA LAND SALES BUNDABERG UNIT SALES Dec-15 Jun-16 * With a Mar-16 host of exciting projects HOUSE underSALES construction ROCKHAMPTON & LIVINGSTONE

65

$250K+

917

7

11 6

*Preliminary data Houses<2,400m

The Cairns market is one of the most dynamic in Queensland.

195

4

*Preliminary data

$500k+

*Preliminary data Houses<2,400m

29

9

$1M+

CAIRNS <$350K

y data

10

CAIRNS & DOUGLAS LAND SALES Dec-15

Mar-16

Jun-16 *

122

119

46 31 16

<$250k *Preliminary data

$250K+

17

10

9 $350K+

10

3


REGIONAL MARKET UPDATES

SALES MARKET - HOUSES SUBURB

NO. SALES

MEDIAN SALE

SALES MARKET - UNITS & TOWNHOUSES (CONTâ&#x20AC;&#x2122;D) QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

ANNUAL MEDIAN SALE (5YRS AGO)

NO. SALES

SUBURB

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

ANNUAL MEDIAN SALE (5YRS AGO)

CAIRNS (LGA)

408

$390,000

0.0%

$400,000

2.6%

10.5%

$362,000

CAIRNS (LGA) ^

28

$617,500

-10.5%

$650,000

13.7%

8.3%

$600,000

DOUGLAS (LGA)

42

$215,000

-6.2%

$216,500

-10.0%

3.1%

$210,000

BAYVIEW HEIGHTS

18

N/A

N/A

$380,000

-1.6%

6.6%

$356,500

PORT DOUGLAS

36

$210,000

-8.4%

$218,500

-3.5%

4.0%

$210,000

ATHERTON

7

N/A

N/A

$215,500

5.1%

1.4%

$212,500

BENTLEY PARK

22

$350,000

-2.8%

$360,000

2.6%

10.8%

$325,000

BRINSMEAD

22

$430,000

-14.0%

$460,000

5.8%

15.6%

$398,000

SURROUNDS

BUNGALOW

5

N/A

N/A

$370,000

12.7%

29.8%

$285,000

CARAVONICA

6

N/A

N/A

$375,000

0.0%

1.9%

$368,000

CLIFTON BEACH

9

N/A

N/A

$515,000

-2.4%

17.7%

$437,500

CAIRNS (LGA)

54

$221,000

8.3%

$208,900

0.9%

19.4%

$175,000

EARLVILLE

7

N/A

N/A

$375,000

6.8%

24.6%

$301,000

EDMONTON

7

N/A

N/A

$162,000

13.3%

14.1%

$142,000

SALES MARKET - VACANT LAND

EDGE HILL

11

N/A

N/A

$485,000

0.0%

9.6%

$442,500

GORDONVALE

6

N/A

N/A

$142,000

5.2%

13.6%

$125,000

EDMONTON

32

$345,000

0.2%

$345,000

1.5%

9.5%

$315,000

KANIMBLA

1

N/A

N/A

$249,000

1.6%

13.2%

$220,000

FRESHWATER

5

N/A

N/A

$505,000

-1.9%

2.1%

$494,500

KEWARRA BEACH

2

N/A

N/A

$257,250

-1.4%

-25.4%

$345,000

GOLDSBOROUGH ^

3

N/A

N/A

$515,000

12.0%

22.6%

$420,000

REDLYNCH

6

N/A

N/A

$241,500

10.8%

38.0%

$175,000

GORDONVALE

9

N/A

N/A

$310,000

3.3%

10.1%

$281,500

SMITHFIELD

9

N/A

N/A

$214,750

6.6%

22.7%

$175,000

GORDONVALE ^

3

N/A

N/A

$647,500

18.3%

12.6%

$575,000

TRINITY PARK

4

N/A

N/A

$215,000

-4.4%

15.3%

$186,500

HOLLOWAYS BEACH

8

N/A

N/A

$402,000

6.5%

14.9%

$350,000

KANIMBLA

7

N/A

N/A

$500,000

-4.8%

7.2%

$466,250

SURROUNDS

KEWARRA BEACH

15

N/A

N/A

$430,000

0.8%

10.3%

$390,000

CASSOWARY COAST (LGA) 7

N/A

N/A

$95,000

18.8%

-28.6%

$133,000

MANOORA

7

N/A

N/A

$308,000

10.0%

12.4%

$274,000

MISSION BEACH

1

N/A

N/A

$101,000

-5.6%

-31.5%

$147,500

DOUGLAS (LGA)

13

N/A

N/A

$151,000

1.7%

14.0%

$132,500

MANUNDA

4

N/A

N/A

$315,000

-5.7%

8.8%

$289,500

MOOROOBOOL

20

$355,000

-4.7%

$375,000

-1.3%

10.6%

$339,000

MOUNT SHERIDAN

35

$325,000

-7.8%

$365,000

1.1%

10.1%

$331,500

PALM COVE

7

N/A

N/A

$600,000

-0.4%

26.3%

$475,000

MAREEBA (LGA)

5

N/A

N/A

$100,750

11.9%

8.3%

$93,000

PARRAMATTA PARK

4

N/A

N/A

$443,500

14.5%

9.5%

$405,000

MAREEBA

3

N/A

N/A

$100,750

7.5%

6.1%

$95,000

REDLYNCH

23

$492,000

3.4%

$472,500

5.0%

19.6%

$395,000

SMITHFIELD

34

$410,000

-1.2%

$415,000

0.0%

15.3%

$360,000

RENTAL MARKET - 3 BED HOUSES

TRINITY BEACH

21

$512,500

5.7%

$495,000

3.1%

33.4%

$371,000

TRINITY PARK

13

N/A

N/A

$422,500

-2.9%

11.2%

$380,000

POST

WESTCOURT

7

N/A

N/A

$350,000

0.0%

17.6%

$297,500

CODE

WHITE ROCK

15

N/A

N/A

$327,500

4.0%

17.1%

$279,650

WHITFIELD

6

N/A

N/A

$498,000

-2.9%

10.7%

$450,000

WOREE

9

N/A

N/A

$350,000

1.5%

14.5%

$305,750

SURROUNDS CASSOWARY COAST (LGA) 54

$230,000

3.4%

$237,500

-3.1%

-5.9%

$252,500

CASSOWARY COAST (LGA) ^ 20

$307,000

-12.3%

$330,000

-2.9%

-10.2%

$367,500

DOUGLAS (LGA)

27

$400,000

-9.1%

$440,000

5.4%

9.9%

$400,500

PORT DOUGLAS

10

N/A

N/A

$512,500

-3.3%

4.6%

$490,000

MAREEBA (LGA)

19

N/A

N/A

$275,000

0.0%

-0.5%

$276,500

MAREEBA (LGA) ^

21

$390,000

-5.9%

$460,000

6.4%

13.9%

$404,000

KURANDA ^

10

N/A

N/A

$472,500

8.5%

11.8%

$422,500

MAREEBA

14

N/A

N/A

$270,000

-3.6%

-2.4%

$276,500

TABLELANDS (LGA)

54

$275,000

-10.7%

$300,000

0.0%

1.3%

$296,250

JUN-16 LOCALITYL

$/WEEK

JUN-15

NEW BONDS $/WEEK

NEW BONDS

CAIRNS REGIONAL

$360

425

$355

426

4865

GORDONVALE

$340

16

$330

23

4868

MT SHERIDAN/BAYVIEW HTS/ TARRAWARRA/WHITE ROCK/WOREE

$340

80

$350

84

4869

CENTENARY HTS/CENTENARY PK/ EDMONTON/TAMARIND GARDENS

$335

51

$340

62

4870

CAIRNS & sUBURBS OF CAIRNS

$365

147

$365

152

4878

CARAVONICA/HOLLOWAYS BCH/LAKE PLACID/MACHANS BCH/MCGREGOR/ SMITHFIELD/SMITHFIELD HTS/ YORKEYS KNOB

$390

55

$380

37

4879

BUCHAN PT/CLIFTON BCH/ELLIS BCH/ KEWARRA BCH/PALM COVE/TRINITY BCH/TRINITY PK

$400

73

$395

64

DOUGLAS SHIRE

$330

42

$340

37

4873

MOSSMAN/COOYA BEACH/COW BAY/ MIALLO/NEWELL/WONGA

$310

31

$300

24

4877

PORT DOUGLAS/CRAIGLIE/MOWBRAY/ OAK BEACH

$425

11

$420

13

TABLELANDS (LGA) ^

30

$330,000

-22.6%

$395,000

-1.3%

4.3%

$378,750

CASSOWARY COAST REGIONAL

$290

99

$280

105

ATHERTON

31

$293,000

-8.4%

$306,000

0.3%

-1.3%

$310,000

4849

CARDWELL

$290

7

N.A.

4

TOLG A ^

4

N/A

N/A

$420,000

1.2%

-6.7%

$450,000

4852

BINGIL BAY

$320

26

$350

20

4854

BILYANA

$260

14

$275

16

4860

BAMBOO CREEK

$280

36

$270

48

SALES MARKET - UNITS & TOWNHOUSES CAIRNS (LGA)

276

$239,000

3.9%

$235,000

6.8%

-5.1%

$247,500 $179,000

BUNGALOW

12

N/A

N/A

$220,000

51.7%

22.9%

CAIRNS CITY

27

$375,000

2.0%

$375,000

11.4%

-10.3%

$418,000

CAIRNS NORTH

41

$228,000

-11.6%

$240,000

4.4%

-11.3%

$270,500

EARLVILLE

9

N/A

N/A

$217,000

17.3%

-16.5%

$260,000

EDGE HILL

7

N/A

N/A

$185,000

-7.5%

-12.9%

$212,500

EDMONTON

8

N/A

N/A

$154,750

-13.6%

-15.2%

$182,500

FRESHWATER

5

N/A

N/A

$315,000

26.0%

24.8%

$252,500

MANOORA

24

$153,000

0.3%

$167,500

8.1%

1.5%

$165,000

MANUNDA

13

N/A

N/A

$140,000

-6.7%

-21.3%

$178,000

MOOROOBOOL

5

N/A

N/A

$199,500

-1.2%

2.3%

$195,000

PALM COVE

19

N/A

N/A

$325,000

26.2%

-4.4%

$340,000

PARRAMATTA PARK

5

N/A

N/A

$250,000

3.8%

4.2%

$240,000

TRINITY BEACH

24

$270,000

3.9%

$275,000

5.8%

-1.8%

$280,000

WESTCOURT

9

N/A

N/A

$221,000

-6.0%

48.8%

$148,500

WOREE

10

N/A

N/A

$135,000

5.1%

-6.9%

$145,000

YORKEYS KNOB

7

N/A

N/A

$212,000

-2.1%

-9.2%

$233,500

TABLELANDS REGIONAL

$290

95

$290

75

DIMBULAH/KAIRI/MT GARNETT/ TINAROO/WALKAMIN

$310

8

$280

7

4882

TOLGA

$290

11

$310

9

4883

ATHERTON/UPPER BARON

$300

44

$295

36

4885

MALANDA/TARZALI/JAGGAN

$280

9

$270

9

4887

HERBERTON/WONDECLA

$300

6

N.A.

3

4888

RAVENSHOE/EVELYN/MILLSTREAM

$260

11

$250

8

4872

MAREEBA SHIRE

$330

47

$310

52

4880

MAREEBA/BIBOOHRA

$330

39

$310

45

4881

KURANDA/KOAH/SPEEWAH

$350

8

$325

7

JUNE QUARTER 2016

49


REGIONAL MARKET UPDATES

RENTAL MARKET - 2 BED UNITS POST CODE

JUN-16 LOCALITYL

$/WEEK

JUN-15

NEW BONDS $/WEEK

NEW BONDS

CAIRNS REGIONAL

$285

756

$285

803

4868

MT SHERIDAN/BAYVIEW HTS/ TARRAWARRA/WHITE ROCK/WOREE

$250

62

$250

73

4869

CENTENARY HTS/CENTENARY PK/ EDMONTON/TAMARIND GARDENS

$250

14

$250

16

4870

CAIRNS & SUBURBS OF CAIRNS

$280

501

$280

504

4878

CARAVONICA/HOLLOWAYS BCH/LAKE PLACID/MACHANS BCH/MCGREGOR/ SMITHFIELD/SMITHFIELD HTS/ YORKEYS KNOB

$285

60

$285

79

4879

BUCHAN PT/CLIFTON BCH/ELLIS BCH/ KEWARRA BCH/PALM COVE/TRINITY BCH/TRINITY PK

$300

109

$315

120

DOUGLAS SHIRE

$290

110

$280

88

4873

MOSSMAN/COOYA BEACH/COW BAY/ MIALLO/NEWELL/WONGA

$220

30

$220

14

4877

PORT DOUGLAS/CRAIGLIE/MOWBRAY/ OAK BEACH

$300

80

$295

74

CASSOWARY COAST REGIONAL

$200

111

$210

99

4849

CARDWELL

$210

10

N.A.

4

4852

BINGIL BAY

$250

28

$245

27

4854

BILYANA

$145

40

$120

21

4860

BAMBOO CREEK

$200

31

$200

46

TABLELANDS REGIONAL

$220

37

$230

40

ATHERTON/UPPER BARON

$220

31

$230

33

MAREEBA SHIRE

$260

36

$250

32

MAREEBA/BIBOOHRA

$250

31

$250

28

4883 4880

RENTAL MARKET - 3 BED TOWNHOUSES 4870

4877

CAIRNS REGIONAL

$330

22

$350

15

CAIRNS & sUBURBS OF CAIRNS

$300

18

$395

5

DOUGLAS SHIRE

$395

14

$390

19

PORT DOUGLAS/CRAIGLIE/MOWBRAY/ OAK BEACH

$395

14

$390

19

50 QUEENSLAND MARKET MONITOR


REGIONAL MARKET UPDATES

OTHER REGIONAL RENTAL MARKET - 2 BED UNITS

SALES MARKET - HOUSES NO. SALES

SUBURB

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

ANNUAL MEDIAN SALE (5YRS AGO)

POST CODE

8

N/A

N/A

$240,000

-12.7%

-14.3%

$280,000

ROMA

6

N/A

N/A

$248,500

-18.5%

-14.3%

$290,000

CHARLEVILLE

1

N/A

N/A

$126,250

16.1%

-16.4%

$151,000

NORTH-WEST MOUNT ISA (LGA)

18

N/A

N/A

$320,000

-7.9%

-7.8%

$347,000

COOKTOWN

4

N/A

N/A

$255,000

-1.0%

-22.7%

$330,000

$/WEEK

JUN-15

NEW BONDS $/WEEK

NEW BONDS

SOUTH WEST

SOUTH-WEST MARANOA (LGA)

JUN-16 LOCALITYL

4455

BALONNE SHIRE

$140

6

N.A.

2

MARANOA REGIONAL

$170

25

$250

33

ROMA

$170

24

$250

32

CLONCURRY SHIRE

$250

12

N.A.

1

CLONCURRY

$250

12

N.A.

1

MOUNT ISA CITY

$230

71

$270

103

ALEXANDRIA

$230

71

$270

103

COOK SHIRE

$200

10

$250

7

BLOOMFIELD

$200

5

$270

5

CENTRAL WEST NORTH WEST 4824 4825

FAR NORTH

SALES MARKET - VACANT LAND

4895

TABLELANDS (LGA)

14

N/A

N/A

$105,000

5.0%

-5.4%

$111,000

ATHERTON

3

N/A

N/A

$105,000

6.6%

-10.3%

$117,000

RENTAL MARKET - 3 BED HOUSES SOUTH WEST 4487 4455 4470

BALONNE SHIRE

$250

16

$250

22

ST GEORGE

$250

16

$260

17

MARANOA REGIONAL

$250

59

$305

64

ROMA

$250

51

$320

57

MURWEH SHIRE

$200

26

$240

28

CHARLEVILLE

$200

24

$240

28

LONGREACH REGIONAL

$250

25

$240

16

BRIXTON

$250

25

$250

15

CLONCURRY SHIRE

$250

13

$300

15

CLONCURRY

$250

13

$300

15

MOUNT ISA CITY

$350

108

$410

109

ALEXANDRIA

$350

108

$410

109

CENTRAL WEST 4730

NORTH WEST 4824 4825

FAR NORTH COOK SHIRE

$260

32

$290

31

4871

ALMADEN

$250

17

$260

20

4895

BLOOMFIELD

$300

15

$300

11

JUNE QUARTER 2016

51


ON THE MARKET INDICATORS

ON THE MARKET INDICATORS HOUSES LGA / REGION

TOTAL LISTINGS

12MTHS ENDING MAY

2016*

2015

QUEENSLAND

108,706

111,072

STOCK ON MARKET

CHANGE OVER YEAR

MEDIAN DAYS ON MARKET**

MEDIAN VENDOR DISCOUNT**

TOTAL LISTINGS

STOCK ON MARKET

2016*

2015

2016*

2015

2016*

2015

7.9%

8.0%

44

46

-5.0%

-5.1%

-2.1%

-0.2%

DAYS ON MARKET

% PTS

VENDOR DISCOUNT % PTS

-2

0.1%

BRISBANE SD

45,477

45,606

7.2%

7.2%

34

38

-4.1%

-4.5%

-0.3%

-0.0%

-4

0.4%

BRISBANE

20,118

20,028

6.6%

6.6%

28

31

-4.1%

-4.4%

0.4%

0.0%

-3

0.3% 0.8%

IPSWICH

4,464

4,835

7.2%

7.8%

47

52

-4.6%

-5.4%

-7.7%

-0.6%

-5

LOGAN

6,839

6,724

7.7%

7.6%

36

46

-4.0%

-4.6%

1.7%

0.1%

-10

0.6%

MORETON BAY

9,897

10,030

7.6%

7.7%

39

42

-3.9%

-4.2%

-1.3%

-0.1%

-3

0.2%

REDLAND

4,159

3,989

8.3%

8.0%

42

45

-4.1%

-4.4%

4.3%

0.3%

-3

0.3%

GOLD COAST

10,317

10,409

8.2%

8.3%

35

42

-4.2%

-4.6%

-0.9%

-0.1%

-7

0.4%

SUNSHINE COAST SD

8,872

9,800

8.6%

9.5%

54

58

-4.4%

-4.7%

-9.5%

-0.9%

-4

0.2%

SUNSHINE COAST

7,065

7,610

8.5%

9.1%

49

55

-4.2%

-4.6%

-7.2%

-0.7%

-6

0.4%

NOOSA

1,807

2,190

9.3%

11.3%

76

73

-5.4%

-5.2%

-17.5%

-2.0%

3

-0.2%

FRASER COAST

3,710

3,928

9.9%

10.5%

87

78

-6.7%

-6.2%

-5.5%

-0.6%

9

-0.5%

CAIRNS

3,604

3,495

8.0%

7.7%

52

37

-5.6%

-4.8%

3.1%

0.2%

15

-0.8%

BUNDABERG

2,943

3,045

8.8%

9.1%

67

72

-6.8%

-6.7%

-3.3%

-0.3%

-6

-0.1%

GLADSTONE

1,513

1,668

6.9%

7.6%

79

70

-9.6%

-8.1%

-9.3%

-0.7%

9

-1.5%

MACKAY

2,580

2,813

6.7%

7.4%

82

76

-11.0%

-9.8%

-8.3%

-0.6%

6

-1.2%

ROCKHAMPTON

2,276

2,240

8.2%

8.1%

69

75

-8.1%

-7.7%

1.6%

0.1%

-6

-0.4%

TOOWOOMBA

4,275

4,216

8.6%

8.5%

49

33

-5.0%

-3.7%

1.4%

0.1%

16

-1.3%

TOWNSVILLE

4,146

4,545

6.8%

7.5%

70

66

-8.2%

-7.6%

-8.8%

-0.7%

4

-0.6%

* Figures are preliminary ** Days on Market and Vendor Discount calculation methodology changed from a average calculation to a median calculation Source: REIQ. Data supplied by CoreLogic RP Data Market Trends

Median Days On Market - HOUSES *12mths to the end of May Source: REIQ, data supplied by CoreLogic RP Data 100 2015

90

2016*

80 70 60 50 40 30 20 10

-2.0% -4.0% -6.0% -8.0% -10.0% 2015

2016*

-12.0%

Median Vendor Discounting - HOUSES 52 QUEENSLAND MARKET MONITOR

Townsville

Toowoomba

Mackay

Rockhampton

Gladstone

Bundaberg

Cairns

Noosa

Fraser Coast

Sunshine Coast

Gold Coast

Sunshine Coast SD

0.0%

Redland

Logan

Moreton Bay

Ipswich

Brisbane

BRISBANE SD

0


ON THE MARKET INDICATORS

UNITS & TOWNHOUSES LGA / REGION

TOTAL LISTINGS STOCK ON MARKET

CHANGE OVER YEAR

MEDIAN DAYS ON MARKET**

MEDIAN VENDOR DISCOUNT**

2015

2016*

2015

2016*

2015

9.0%

8.6%

53

54

-4.4%

-4.8%

STOCK ON MARKET

DAYS ON MARKET

VENDOR DISCOUNT

12MTHS ENDING MAY

2016*

2015

QUEENSLAND

40,492

38,361

BRISBANE SD

15,494

14,333

8.0%

7.4%

47

43

-3.9%

-4.0%

8.1%

0.6%

4

0.1%

BRISBANE

10,614

9,530

7.3%

6.6%

41

36

-3.8%

-3.8%

11.4%

0.7%

5

0.0%

IPSWICH

2016*

TOTAL LISTINGS

% PTS

5.6%

0.5%

% PTS

-1

0.4%

535

465

10.4%

9.1%

79

79

-5.1%

-6.3%

15.1%

1.4%

0

1.2%

LOGAN

1,523

1,533

10.7%

10.7%

55

64

-4.1%

-4.5%

-0.7%

-0.1%

-9

0.4%

MORETON BAY

2,087

2,095

9.3%

9.4%

71

68

-4.3%

-4.3%

-0.4%

-0.0%

3

0.0%

735

710

10.3%

9.9%

59

54

-4.4%

-4.1%

3.5%

0.4%

5

-0.3%

REDLAND GOLD COAST

11,948

11,445

9.8%

9.4%

52

60

-4.4%

-5.2%

4.4%

0.4%

-8

0.7%

SUNSHINE COAST SD

4,903

4,911

10.0%

10.0%

69

73

-4.7%

-4.9%

-0.2%

-0.0%

-5

0.3%

SUNSHINE COAST

3,839

3,818

10.0%

9.9%

65

70

-4.5%

-4.8%

0.6%

0.1%

-5

0.2%

NOOSA

1,064

1,093

10.2%

10.4%

85

86

-5.0%

-5.7%

-2.7%

-0.3%

-1

0.6%

597

657

12.9%

14.2%

91

80

-6.4%

-5.0%

-9.1%

-1.3%

11

-1.4%

2,141

1,907

9.9%

8.8%

66

53

-5.5%

-5.5%

12.3%

1.1%

13

-0.0%

BUNDABERG

428

419

11.6%

11.4%

97

123

-6.4%

-6.9%

2.1%

0.2%

-26

0.5%

GLADSTONE

250

251

6.5%

6.5%

117

68

-8.9%

-9.4%

-0.4%

-0.0%

49

0.5% -5.6%

FRASER COAST CAIRNS

MACKAY

475

498

7.5%

7.9%

116

108

-15.4%

-9.8%

-4.6%

-0.4%

8

ROCKHAMPTON

186

193

7.9%

8.2%

80

85

-5.3%

-5.8%

-3.6%

-0.3%

-5

0.5%

TOOWOOMBA

670

583

8.8%

7.7%

64

48

-4.4%

-3.2%

14.9%

1.1%

16

-1.1%

TOWNSVILLE

1,206

1,210

9.7%

9.8%

78

102

-8.0%

-8.3%

-0.3%

-0.0%

-25

0.3%

* Figures are preliminary ** Days on Market and Vendor Discount calculation methodology changed from a average calculation to a median calculation Source: REIQ. Data supplied by CoreLogic RP Data Market Trends

Median Days On Market - UNITS *12mths to the end of May Source: REIQ, data supplied by CoreLogic RP Data 140 2015

2016*

120 100 80 60 40 20

Townsville

Toowoomba

Mackay

Rockhampton

Gladstone

Bundaberg

Cairns

Noosa

Fraser Coast

Sunshine Coast

Gold Coast

Sunshine Coast SD

Redland

Logan

Moreton Bay

Ipswich

Brisbane

BRISBANE SD

0

0.0% -2.0% -4.0% -6.0% -8.0% -10.0% -12.0% -14.0% -16.0% -18.0%

2015

2016*

Median Vendor Discounting - UNITS JUNE QUARTER 2016

53


RENTAL MARKET INDICATORS

RENTAL MARKET INDICATORS GROSS YIELDS LOCAL GOVERNMENT AREA

HOUSES JUN-16

UNITS

MAR-16

JUN-16

MAR-16

GREATER BRISBANE

RESIDENTIAL VACANCY RATES COUNCIL / REGION

JUN-16

MAR-16

"CHANGE (% PTS)"

TREND

STATUS

BRISBANE

3.4%

3.6%

4.7%

4.9%

BRISBANE SD

2.5%

2.6%

-0.1

STEADY

TIGHT

IPSWICH

4.9%

5.0%

5.8%

5.7%

BRISBANE

2.8%

3.0%

-0.2

STEADY

HEALTHY HEALTHY

LOGAN

4.8%

4.8%

5.9%

5.7%

BRISBANE INNER (0-5KM)

3.4%

3.3%

0.1

STEADY

MORETON BAY

4.4%

4.4%

4.4%

4.8%

BRISBANE BAL (5-20KM)

2.3%

2.5%

-0.3

STEADY

TIGHT

REDLAND

4.2%

4.1%

4.6%

4.9%

BRISBANE SURROUNDS

2.0%

2.0%

0.1

STEADY

TIGHT

IPSWICH

1.1%

1.8%

-0.7

DOWN

TIGHT

4.1%

4.3%

5.3%

5.5%

LOGAN

2.8%

2.1%

0.7

UP

HEALTHY

TOURISM CENTRES GOLD COAST SUNSHINE COAST

4.3%

4.4%

4.8%

4.8%

MORETON BAY

1.7%

2.2%

-0.6

DOWN

TIGHT

NOOSA

3.8%

4.3%

4.3%

4.5%

CABOOLTURE

1.9%

1.6%

0.3

STEADY

TIGHT

FRASER COAST

5.2%

5.1%

5.1%

5.1%

PINE RIVERS

1.8%

3.3%

-1.4

DOWN

TIGHT

6.7%

REDCLIFFE

1.4%

2.4%

-1.0

DOWN

TIGHT

CAIRNS

4.8%

4.8%

6.2%

REDLAND

REGIONAL/RESOURCE AREAS

2.3%

1.7%

0.6

UP

TIGHT

MAINLAND

2.2%

1.7%

0.5

UP

TIGHT

BAY ISLANDS

WEAK

BUNDABERG

5.6%

5.3%

4.2%

4.9%

GLADSTONE

3.5%

3.8%

3.3%

3.3%

3.8%

2.1%

1.7

UP

MACKAY

4.6%

4.5%

4.4%

4.7%

GOLD COAST

1.4%

1.5%

-0.1

STEADY

TIGHT

ROCKHAMPTON

5.6%

5.7%

4.3%

4.3%

SUNSHINE COAST SD

1.4%

1.5%

-0.1

STEADY

TIGHT

TOOWOOMBA

4.5%

4.4%

4.2%

4.1%

SUNSHINE COAST

TOWNSVILLE

1.5%

-0.2

STEADY

TIGHT

1.2%

-0.2

STEADY

TIGHT

4.6%

4.9%

4.6%

5.2%

MAROOCHY COAST

1.0%

1.8%

-0.8

DOWN

TIGHT

8.6%

7.5%

5.2%

N/A

HINTERLAND*

1.6%

0.9%

0.8

UP

TIGHT

OTHER REGIONAL AREAS BURDEKIN

1.2% 1.0%

CALOUNDRA COAST

CASSOWARY COAST

6.6%

7.1%

10.9%

10.6%

NOOSA

2.4%

1.4%

1.0

UP

TIGHT

CENTRAL HIGHLANDS

6.0%

7.2%

4.9%

4.6%

FRASER COAST

4.1%

3.2%

0.9

UP

WEAK

CHARTERS TOWERS

N/A

8.5%

4.6%

N/A

HERVEY BAY

4.4%

3.1%

1.2

UP

WEAK

DOUGLAS

4.3%

4.2%

7.0%

6.6%

MARYBOROUGH

3.0%

3.2%

-0.2

STEADY

HEALTHY

GOONDIWINDI

N/A

5.8%

4.0%

N/A

CAIRNS

1.9%

2.1%

-0.2

STEADY

TIGHT

GYMPIE

5.2%

5.3%

5.1%

3.8%

BUNDABERG

6.3%

5.2%

1.2

UP

WEAK

HINCHINBROOK

N/A

5.7%

1.0%

4.9%

GLADSTONE

10.2%

11.3%

-1.1

DOWN

WEAK

MACKAY

7.7%

8.1%

-0.5

DOWN

WEAK WEAK

ISAAC

10.2%

13.5%

16.6%

8.9%

LIVINGSTONE

4.2%

4.0%

5.5%

5.7%

ROCKHAMPTON

6.5%

6.9%

-0.4

DOWN

LOCKYER VALLEY

6.6%

6.0%

6.4%

5.2%

TOOWOOMBA

2.3%

3.0%

-0.7

DOWN

TIGHT

MAREEBA

N/A

4.5%

11.3%

4.6%

TOWNSVILLE

5.7%

6.0%

-0.3

STEADY

WEAK

MOUNT ISA

N/A

6.8%

N/A

N/A

SOUTH BURNETT

6.1%

3.6%

2.5

UP

WEAK

SOUTHERN DOWNS

3.1%

3.1%

0.0

STEADY

HEALTHY

NORTH BURNETT

N/A

9.2%

N/A

6.8%

SCENIC RIM

4.8%

5.2%

5.3%

5.9%

WESTERN DOWNS

6.0%

8.4%

-2.4

DOWN

WEAK

SOMERSET

6.2%

6.5%

N/A

4.2%

WHITSUNDAY

6.0%

10.0%

-4.0

DOWN

WEAK

SOUTH BURNETT

6.9%

6.0%

5.5%

7.0%

SOUTHERN DOWNS

5.5%

5.8%

3.7%

5.1%

TABLELANDS

5.5%

5.0%

4.5%

6.8%

WESTERN DOWNS

5.5%

5.0%

3.0%

15.6%

WHITSUNDAY

4.3%

5.3%

5.9%

4.7%

Vacancy Trend: Steady = +/- 0 to 0.2%pts Up = +0.3% pts or more Down = -0.3% pts or more

Market Status: TIght <2.5% Healthy 2.5-3.5% Weak >3.5% Source: REIQ Residential Rental Survey

*Noosa Hinterland included in Sunshine Coast Hinterland

Yields comparison based on preliminary data for Jun-2016 N/A: Any region with less than 20 transactions is not included in yield calculations

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

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