April_June 2014 Quarterly Market Report

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