A Message from Damian Welcome to the Quarterly Market Report for the 4655 postcode. Quarter 3 followed in the footsteps of the previous quarter and showed no real marked improvement or worsening – as you will see, some suburbs saw a large upturn in activity and others saw sales volume dipping – levelling out over the entire postcode. What is interesting is the consistency of sales volume over the last two quarters, starting to show that there was a brief “mini boom” here in Hervey Bay in the last 2 quarters of 2013 and first quarter of 2014 where sales volumes really peaked. The number of properties coming to the market has certainly seen a large upswing but again, that is a more traditional cycle as we head in to Spring selling season and sellers position to take advantage of this market.
REMEMBER: The idea of this report, is to ensure you have a handle on the market place and have all of the information you may require should you decide to get involved in real estate here in Hervey Bay. This report is for you – so if you have any comment please let me know; if there is information you feel is missing or stuff you love to see I welcome your feedback. Each report will cover residential sales only; this includes houses, land, units and townhouses. You may note that in each suburb there are sales excluded – we are advised by RP Data that these are sales that are classified as not “normal sales’ i.e. to a family member, sales where the prices have yet to be declared by the sales person or ratified by the Department of Natural Mines and Resources.
DISCLAIMER The statistics in this report are collated from RP Data and realestate.com.au and are provided in good faith by Harcourts Hervey Bay. We cannot purport to their accuracy and will not be held in any way responsible for their accuracy or otherwise.
Urangan HOUSE LAND UNIT TOTAL
Quantity 25 1 17 43
Lowest Sale $215,000 $150,000 $110,000
Highest Sale $505,000 $150,000 $412,500
Median Value $310,000 $150,000 $260,000
Average Value $329,580 $150,000 $262,700
Total Value $8,239,500 $150,000 $4,465,900 $12,855,400
Lowest Sale $235,000 $155,000 $140,000
Highest Sale $390,000 $155,000 $328,000
Median Value $310,000 $155,000 $204,500
Average Value $314,378 $155,000 $219,625
Total Value $4,401,300 $155,000 $1,757,000 $6,313,300
Lowest Sale $233,000 $157,000
Highest Sale $350,000 $435,000
Median Value $287,500 $240,000
Average Value $285,650 $277,333
Total Value $2,856,500 $832,000 $3,688,500
Lowest Sale $190,000 $139,500
Highest Sale $555,000 $170,000
Median Value $336,500 $154,750
Average Value $358,973 $154,750
Total Value $6,820,500 $309,500 $7,130,000
Lowest Sale $265,000
Highest Sale $520,000
Median Value $330,000
Average Value $347,000
Total Value $4,858,000 $4,858,000
Torquay HOUSE LAND UNIT TOTAL
Quantity 14 1 8 23
Scarness HOUSE UNIT TOTAL
Quantity 10 3 13
Urraween HOUSE LAND TOTAL
Quantity 19 2 21
Kawungan HOUSE TOTAL
Quantity 14 14
Dundowran Beach HOUSE LAND TOTAL
Quantity 8 3 11
Lowest Sale $375,000 $175,000
Highest Sale $580,000 $325,000
Median Value $515,000 $250,000
Average Value $494,375 $250,000
Total Value $3,955,000 $750,000 $4,705,000
Quantity 3 1 4
Lowest Sale $297,500 $100,000
Highest Sale $440,000 $100,000
Median Value $352,500 $100,000
Average Value $363,333 $100,000
Total Value $1,090,000 $100,000 $1,190,000
Quantity 6 2 8
Lowest Sale $300,000 $115,000
Highest Sale $962,500 $115,000
Median Value $395,000 $115,000
Average Value $470,416 $115,000
Total Value $2,822,500 $230,000 $3,052,500
Lowest Sale $275,000 $92,500 $260,000
Highest Sale $610,000 $310,000 $260,000
Median Value $320,500 $131,250 $260,000
Average Value $369,055 $164,476 $260,000
Total Value $3,321,500 $1,315,808 $260,000 $4,897,308
Lowest Sale $178,000 $146,000
Highest Sale $660,000 $190,000
Median Value $485,000 $161,000
Average Value $433,600 $159,409
Total Value $2,168,000 $1,753,500 $3,921,500
Dundowran HOUSE LAND TOTAL
Booral HOUSE LAND TOTAL
Toogoom HOUSE LAND UNIT TOTAL
Quantity 9 8 1 18
Wondunna HOUSE LAND TOTAL
Quantity 5 11 16
River Heads HOUSE LAND TOTAL
Quantity 7 7 14
Lowest Sale $220,000 $65,000
Highest Sale $450,000 $175,000
Median Value $280,000 $95,000
Average Value $312,857 $104,785
Total Value $2,190,000 $733,500 $2,923,500
Quantity 6 4 10
Lowest Sale $115,000 $115,000
Highest Sale $505,000 $200,000
Median Value $356,250 $171,000
Average Value $347,916 $164,250
Total Value $2,087,500 $657,000 $2,744,500
Quantity 8 5 6 19
Lowest Sale $260,000 $155,000 $175,000
Highest Sale $415,000 $267,000 $350,000
Median Value $302,500 $187,000 $210,250
Average Value $309,500 $203,800 $237,583
Total Value $2,476,000 $1,019,000 $1,425,500 $4,920,500
Lowest Sale $120,000
Highest Sale $402,000
Median Value $286,250
Average Value $272,300
Total Value $4,901,400 $4,901,400
Lowest Sale $265,000
Highest Sale $445,000
Median Value $322,500
Average Value $330,634
Total Value $4,298,250 $4,298,250
Craignish HOUSE LAND TOTAL
Pialba HOUSE LAND UNIT TOTAL
Point Vernon HOUSE TOTAL
Quantity 18 18
Eli Waters HOUSE TOTAL
Quantity 13 13
Damian Raxach 0403 880 327 www.damianraxach.harcourts.com.au