4655 Quarterly Market Report APRIL – JUNE 2014
A Message from Damian Welcome to my Quarterly Report for the 4655 postcode – I hope you like the new, more modern and professional layout and look! A strange quarter for the market in Hervey Bay; as many Capital cities continually report record sales, we are faced with the situation of what appears to be a slight slowdown. I have sensed this for a while now and those of you that read the monthly newsletter, may not be overly surprised by this comment, however, the statistics uphold and confirm my suspicions; as this quarter, we see sales volume drop, median sale price drop across all property types and number of properties available for sale drop substantially. I would not be running for the hills quite yet though – QTR 2 is traditionally our quietest in Hervey Bay and so this year may just be normal trends showing through....let’s wait and see. On a more positive note; this quarter we celebrated the opening of the new Stockland shopping centre – a major extension and upgrade that has seen the retail floor area more than double at a cost of approximately $155million. This significant investment in Hervey Bay is obviously a sign of faith from a major blue chip company and something we should use a gauge for the future growth of Hervey Bay. We also see major road works start to come to fruition and months of delays coming to an end as new road networks and major road upgrades start to open making the medical and education precincts in our town more accessible and user friendly. 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. 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.
4655 – The Overview
Urangan Quantity
Lowest Sale
Highest Sale
Median Value
Average Value
Total Value
HOUSE
31
$240,000
$700,000
$316,500
$359,822
$11,154,500
LAND
4
$165,000
$200,000
$184,000
$183,250
$733,000
UNIT
10
$150,000
$312,000
$275,000
$268,300
$2,683,000
TOTAL
45
$14,570,500
Torquay Quantity
Lowest Sale
Highest Sale
Median Value
Average Value
Total Value
HOUSE
18
$225,000
$533,000
$316,000
$322,361
$5,802,500
LAND
1
$305,000
$305,000
$305,000
$305,000
$305,000
UNIT
4
$95,000
$322,000
$166,000
$187,250
$749,000
TOTAL
23
$6,856,500
Scarness Quantity
Lowest Sale
Highest Sale
Median Value
Average Value
Total Value
HOUSE
17
$197,500
$562,500
$255,000
$270,058
$4,591,000
LAND
2
$136,500
$136,500
$136,500
$136,500
$273,000
UNIT
7
$165,000
$600,000
$260,000
$279,714
$1,958,000
TOTAL
26
$6,822,000
Pialba Quantity
Lowest Sale
Highest Sale
Median Value
Average Value
Total Value
HOUSE
5
$200,000
$349,000
$267,000
$271,200
$1,356,000
UNIT
7
$185,000
$460,000
$255,000
$288,142
$2,017,000
TOTAL
12
$3,373,000
Point Vernon Quantity
Lowest Sale
Highest Sale
Median Value
Average Value
Total Value
HOUSE
20
$150,000
$572,000
$282,000
$308,400
$6,168,000
LAND
1
$157,500
$157,500
$157,500
$157,500
$157,500
TOTAL
21
$6,325,500
Eli Waters Quantity
Lowest Sale
Highest Sale
Median Value
Average Value
Total Value
HOUSE
20
$150,000
$572,000
$282,000
$308,400
$6,168,000
LAND
1
$157,500
$157,500
$157,500
$157,500
$157,500
TOTAL
21
$6,325,500
Urraween Quantity
Lowest Sale
Highest Sale
Median Value
Average Value
Total Value
HOUSE
10
$258,500
$470,000
$322,000
$344,550
$3,445,500
LAND
4
$142,500
$473,000
$314,000
$310,875
$1,243,500
OTHER
1
$326,000
$326,000
$326,000
$326,000
$326,000
TOTAL
15
$5,015,000
Kawungan Quantity
Lowest Sale
Highest Sale
Median Value
Average Value
Total Value
HOUSE
33
$160,000
$535,000
$327,500
$339,636
$11,208,000
LAND
1
$187,000
$187,000
$187,000
$187,000
$187,000
UNIT
1
$165,000
$165,000
$165,000
$165,000
$165,000
TOTAL
35
$11,560,000
Wondunna Quantity
Lowest Sale
Highest Sale
Median Value
Average Value
Total Value
HOUSE
15
$280,000
$600,000
$450,000
$455,133
$6,827,000
LAND
8
$90,000
$220,000
$146,000
$154,531
$1,236,250
TOTAL
23
$8,063,250
River Heads Quantity
Lowest Sale
Highest Sale
Median Value
Average Value
Total Value
HOUSE
15
$55,000
$650,000
$285,000
$313,433
$4,701,500
LAND
23
$53,000
$290,000
$105,000
$108,467
$2,494,750
TOTAL
38
$7,196,250
Craignish Quantity
Lowest Sale
Highest Sale
Median Value
Average Value
Total Value
HOUSE
1
$560,000
$560,000
$560,000
$560,000
$560,000
LAND
3
$102,000
$300,000
$118,000
$173,333
$520,000
TOTAL
4
$1,080,000
Dundowran Beach Quantity
Lowest Sale
Highest Sale
Median Value
Average Value
Total Value
HOUSE
4
$227,500
$640,000
$425,000
$429,375
$1,717,500
LAND
4
$145,000
$265,000
$186,250
$195,625
$782,500
TOTAL
8
$2,500,000
Booral Quantity
Lowest Sale
Highest Sale
Median Value
Average Value
Total Value
HOUSE
3
$325,000
$660,000
$640,000
$541,666
$1,625,000
LAND
2
$125,000
$320,500
$222,750
$222,750
$445,500
TOTAL
5
$2,070,500
Toogoom Quantity
Lowest Sale
Highest Sale
Median Value
Average Value
Total Value
HOUSE
5
$250,000
$515,000
$275,000
$329,800
$1,649,000
LAND
7
$85,000
$410,000
$95,000
$162,857
$1,140,000
TOTAL
12
$2,789,000
Damian Raxach 0403 880 327