Queensland Market Monitor by Damian Raxach

REIQ

QUEENSLAND MARKET MONITOR ISSUE 29

DEC QTR 2015

your state-wide property research guide suburb by suburb

QMM STATE-WIDE COMMENTARY

NEW MEDIAN FOR BRISBANE The Queensland real estate market continues to perform well, with the southeast corner once again taking the trophy for growth, while regional growth was good in areas, but less consistent. The Brisbane local government area (LGA) has reached a new high of $632,000, capping off 14 consecutive quarters of growth. This represents an increase of 1.6 per cent for the quarter, a rise of 6.1 per cent on 12 months ago and an increase of 14.2 per cent on five years ago.

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In the southeast corner eight out of nine LGAs recorded either a median house price increase or static price when compared with the previous quarter. In regional Queensland growth was uneven across the local government areas. Townsville is a stabilising market and performed well in the December quarter. However, with the recent news of the nickel refinery redundancies the REIQ is maintaining a watching brief. >p2

REIQ RESEARCH EXPLANATORY NOTES SALES MARKET DATA

ON THE MARKET INDICATORS

All figures for the most recent quarterly and yearly periods are preliminary only and subject to further revision as additional sales records become available (see Research Methodology online at reiq.com).

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

As of the June quarter 2013, all sales data includes "Recent Sales" as advised by real estate agents as well as official records as advised by DNRM. As such comparisons with figures published prior to the June quarter 2013 should be done with caution. A median sale price is derived by arranging a set of sale prices from lowest to highest and then selecting the middle value within this set (ie the 50th percentile, where half of recorded sales were less and half were higher than the median). Only suburbs and regions to record sufficient sales numbers at the time of reporting are published. N/A (LGA) Brisbane (SD)

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

Sunshine Coast (SD)

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

Figures based upon the new council boundaries

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

Median price changes influenced by varying quality of stock sold

Median price changes influenced by varying quantities of new properties sold

Median price changes influenced by varying quantities of waterfront properties sold

Median price affected by varying quantities of townhouses sold

Median price affected by high yielding property sales

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

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

PRICE POINT GRAPHS

All data contained within these graphs represent preliminary sales numbers and are subject to revision as additional sales records become available. The data excludes any recent sales transactions where the contract sale price was not disclosed. The intention of these graphs is to gauge trends in sales activity between periods in lieu of actual final sales results. Source: REIQ, data obtained from CoreLogic RPData Data report date: 15 February 2016

Published date: 21 March 2016

RENTAL MARKET DATA

GROSS RENTAL YIELDS

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

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

Caution should be exercised when interpreting any median rental price data based upon a relatively small number of new bond lodgements. Figures for the new LGA's available for the current quarter only. L N.A.

Listed localities (or suburbs) represent one on potentially several that fall within that postcode. Due to insufficient new bond lodgements, no median rental price has been calculated

Source: Residential Tenancies Authority, Rental Bond lodgements (www.rta.qld.gov.au)

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

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

Due to insufficient information received no vacancy rate has been calculated

Source: REIQ Residential Rental Survey 2 QUEENSLAND MARKET MONITOR

STATE-WIDE SUMMARY

STATE-WIDE COMMENTARY

REIQ

The State Government has accelerated a $210 million infrastructure program for Townsville, designed to create 480 local jobs.

TABLE OF CONTENTS Queensland market update 1 REIQ Explanatory notes

Mackay continues to struggle to find its feet, and had a quiet December quarter in the housing market. However, the apartment market performed well.

Brisbane market updates Brisbane City

Greater Brisbane

The employment market in Mackay is looking for a boost and projects on the horizon include the Bruce Highway Ring Road, the Peak Downs Highway Eton Range Realignment Project and the Mackay substation rebuild.

Regional market updates Gold Coast

Additional expectations rest with the Adani Carmichael mine, which is slowly clearing permit hurdles.

HOUSE MARKET

Toowoomba 19 Sunshine Coast

Fraser Coast

The housing market, statewide, was reasonably positive with increases in most markets. The exceptions were Fraser Coast (-7.3 per cent) and Mackay (-3.7 per cent). There were some small drops in areas such as Redland (0.9 per cent), Sunshine Coast SD (-0.5 per cent), Cairns (-1.2 per cent) and Rockhampton (-1.4 per cent), however, these are in line with historical trends of quiet December quarters.

Bundaberg 25 Gladstone 27 Rockhampton 28

The Brisbane house market was once again the strongest market in the state, with a new median house price and a six per cent increase in total listings. The days on market edged out to 78 days from 73 last year, however, vendor discounting is the same, 5.1 per cent.

Mackay 30 Townsville 32 Cairns 34 Other Regional

On The Market Indicators

36 37

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

Rental Market Indicators Gross rental yields Residential vacancy rates

CONTINUED

The Brisbane house market was once again the strongest market in the state, with a new median house price and a six per cent increase in total listings.

In the regional centres, Gladstone and Townsville surprised everyone and defied expectations to record increases in their respective median house prices. Gladstone lifted by 3.2 per cent to $359,500 while Townsville lifted by 2.1 per cent to $350,000. These results were a welcome boost and, considering December’s traditionally quiet trend, were surprising. Local agents in Gladstone and Townsville reported “flurries” of activity in the final days of December and that has obviously lifted these results in both markets.

Managing Editor and Copywriter: Felicity Moore T. 07 3249 7300 E. fmoore@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

DECEMBER QUARTER 2015

STATE-WIDE SUMMARY

HOUSES (<2400) LGA

SALES ACTIVITY CHANGE

MEDIAN QTRLY SALE PRICE CHANGE

UNITS & TOWNHOUSES MEDIAN SALE PRICE

VACANT LAND (<2400)

SALES MEDIAN ACTIVITY SALE PRICE CHANGE

QTRLY CHANGE

SALES ACTIVITY CHANGE -9%

GREATER BRISBANE BRISBANE SD

$498,425

3.0%

-4%

$395,500

-1.1%

-14%

$224,050

-1.3%

BRISBANE

$632,000

IPSWICH

$325,000

1.6%

-3%

$429,000

-2.1%

-16%

$370,000

-3.9%

-3%

0.0%

-17%

$291,500

-4.7%

$177,750

-0.8%

-37%

LOGAN

$367,000

MORETON BAY

$419,000

1.9%

$245,750

-0.7%

-13%

$193,244

5.1%

2.2%

-2%

$325,000

-3.0%

$228,000

-1.7%

-28%

REDLAND

$489,500

-0.9%

-3%

$357,000

-8.5%

-23%

$63,000

-16.0%

GOLD COAST

$552,250

0.4%

-11%

$374,500

2.6%

-9%

$240,000

0.0%

SUNSHINE COAST SD

$505,000

-0.5%

-5%

$374,000

-0.7%

-5%

$272,000

5.4%

SUNSHINE COAST

$500,000

0.0%

-5%

$365,000

1.0%

-6%

$269,750

5.0%

-23%

NOOSA

$540,000

0.0%

-10%

$430,000

-2.3%

-3%

$295,000

3.1%

107%"

FRASER COAST

$287,500

-7.3%

$220,000

0.6%

-15%

$140,000

-8.5%

-35%

CAIRNS

$400,000

-1.2%

-11%

$225,000

-2.2%

-13%

$208,000

4.8%

-10%

BUNDABERG

$270,000

0.0%

39%

$150,000

4.2%

-17%

GLADSTONE

$359,500

3.2%

36%"

N/A

-21%"

21%

TOURISM CENTRES

-13% -9%

REGIONAL CENTRES -8%

$260,000

-5.5%

-18%

N/A

$280,000

12.0%

11%

N/A

MACKAY

$341,750

-3.7%

ROCKHAMPTON

$279,000

-1.4%

TOOWOOMBA

$352,500

0.3%

-5%

$303,500

-2.1%

TOWNSVILLE

$350,000

2.1%

$290,000

5.1%

N/A

$167,500

5.7%

-38%

$175,000

-3.9%

$157,000

-1.9%

64%"

-40%"

-4% -8%

-20%

"Due to low volume of sales, % changes should be used with caution. N/A - not available due to insufficient sales numbers b The median sale price for vacant land in the Redland City LGA is significantly impacted by shifts in the number of property sales on the bay islands versus the number on the mainland in high quality subdivisions.

UNIT MARKET

Statewide, the sales volumes for apartments softened in the December quarter, even in the apartment powerhouse market of the Gold Coast, where activity was down nine per cent. However, even with fewer sales, the Gold Coast recorded a median price increase of 2.6 per cent to $374,500. The Sunshine Coast also increased its median sale price, up 1.0 per cent, to $365,000. Outside the southeast corner, Townsville once again performed well with a 5.1 per cent lift in median price to $290,000. Mackay’s sharp increase in activity (up 64 per cent) and median price (up 12 per cent to $280,000) was off a very small base of 22 sales last quarter, rising to 36 sales in the December quarter. Almost all of the additional sales were within one project, which settled in December, impacting the market data considerably.

ON THE MARKET" LGA

HOUSES (ALL)

UNITS (ALL)

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

GREATER BRISBANE BRISBANE SD

7.1%

-5.5%

7.4%

-5.1%

BRISBANE

6.5%

-5.5%

6.7%

-4.7%

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

7.5% 7.6% 7.5% 7.9%

84 74 72 74

-6.3% -5.3% -5.2% -5.6%

9.1% 10.4% 8.9% 9.1%

110 92 102 93

-7.1% -5.9% -5.7% -5.4%

8.2% 9.1% 8.8% 10.4% 10.0% 7.6%

71 89 85 104 112 70

-5.4% -5.8% -5.5% -6.7% -7.8% -6.5%

9.5% 9.8% 9.7% 10.0% 12.9% 9.1%

91 103 99 119 123 90

-5.9% -6.2% -6.0% -6.9% -6.9% -7.3%

8.4% 7.0% 6.8% 7.7% 8.3% 6.9%

106 99 110 104 67 96

-8.0% -9.6% -12.0% -9.4% -5.6% -8.9%

10.7% 6.2% 7.4% 7.9% 7.5% 9.7%

122 126 134 118 87 111

-7.5% -10.5% -12.1% -6.2% -4.5% -8.9%

"All figures are for the 12months ending November 2015 SD - Statistical Division: Brisbane SD (Brisbane, Ipswich, Logan, Moreton Bay & Redland); Sunshine Coast SD (Sunshine Coast & Noosa) 4 QUEENSLAND MARKET MONITOR

STATE-WIDE SUMMARY

RENTAL TRENDS^ LGA 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

MEDIAN WEEKLY RENT 3-BED HOUSE

2-BED FLAT

GROSS RENTAL YIELDS

3-BED TOWNHOUSE

HOUSES

UNITS

$420 $300 $345 $350 $390

STEADY STEADY DOWN STEADY STEADY

$400 $260 $270 $280 $340

STEADY UP STEADY STEADY UP

$415 $315 $340 $340 $400

STEADY STEADY STEADY STEADY UP

3.5% 4.8% 4.9% 4.3% 4.1%

STEADY STEADY STEADY STEADY STEADY

4.8% 4.6% 5.7% 4.5% 5.0%

STEADY DOWN STEADY STEADY UP*

$450 $420 $450 $290 $365

STEADY STEADY UP* STEADY UP

$380 $345 $370 $240 $290

STEADY UP UP DOWN UP

$410 $405 $480 $330 $350

UP DOWN STEADY UP* DOWN*

4.2% 4.4% 4.3% 5.2% 4.7%

STEADY STEADY STEADY STEADY STEADY

5.3% 4.9% 4.5% 5.7% 6.7%

DOWN STEADY STEADY STEADY STEADY

$280 $260 $280 $290 $300 $310

DOWN DOWN* DOWN STEADY STEADY UP

$230 $200 $200 $220 $245 $260

UP DOWN* DOWN* STEADY DOWN UP

$290 $280 $290 $300 $315 $300

UP DOWN* STEADY DOWN UP DOWN*

5.4% 3.8% 4.3% 5.4% 4.4% 4.6%

STEADY DOWN* STEADY STEADY STEADY STEADY

4.6% N/A 3.7% N/A 4.2% 4.7%

UP N/A DOWN* N/A 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 37-39

RENTAL MARKET

The statewide rental market has followed trends set by the sales market. The southeast corner vacancy rate has remained tight to healthy, while some of the regional centres have eased. In Townsville average median weekly rents have gone up in the three-bed house (to $310) and two-bed unit ($260) categories, along with Cairns (up to $365) and Noosa (up to $450 – the most expensive in the state). Regional centres to experience a drop in average median weekly rents include Bundaberg, Gladstone, and Mackay. Gladstone remains the most affordable rental market, with an average median weekly rent of $260 for a threebedroom house, $200 for a two-bedroom flat, and $280 for a three-bedroom townhouse. Cairns has the highest gross rental yield in the state at 6.7 per cent. Logan and Fraser Coast tied for second place at 5.7 per cent.

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

DEC-15

TREND

2.8% 3.1% 2.5% 2.9% 1.9% 1.6%

STEADY STEADY DOWN DOWN STEADY STEADY

1.1% 1.3% 1.4% 0.7% 3.5% 2.5%

DOWN DOWN STEADY DOWN DOWN STEADY

3.9% 10% 9.3% 6.1% 3.2% 6.4%

STEADY UP STEADY DOWN DOWN STEADY

See page 39 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. DECEMBER QUARTER 2015

BRISBANE MARKET UPDATES

BRISBANE CITY The December quarter is traditionally a quieter quarter in real estate, however Brisbane’s December 2015 quarter was reasonably busy, with growth in the median house price pushing to a new high and improving on-the-market conditions. Anecdotal evidence suggests there is continued interest from Sydney and Melbourne buyers who are drawn to Brisbane’s affordability. The purchasing power of a property within Brisbane’s 10km radius compared with Sydney or Melbourne is stark. Consequently, days on market are the shortest in the state, at 59 days, up from 56 days last year. Vendor discounting has remained steady at 5.5 per cent and apart from the Gold Coast, Moreton Bay and Logan, this is the lowest in Queensland. Inner city apartments are attracting the lion’s share of investor interest, however, housing in the middle ring has been thriving also. While talk continues to swirl around an oversupply in the apartment market, the data does not support those conclusions. Market conditions are consistent with a healthy balance between supply and demand levels. HOUSE MARKET

Brisbane’s median house price has hit a new record of $632,000, growing 1.6 per cent on the previous quarter and 6.1 per cent on a year ago. This growth is in line with recent trends and stretches out Brisbane’s growth to 14 consecutive quarters of positive growth (based on rolling 12 month median prices). Suburbs such as Clayfield, which is seven kilometres from the CBD, broke into the million-dollar suburb list with a new median of $1,080,000, up 29.3 per cent on last quarter and up 17.6 per cent on 12 months ago. Other suburbs to crack the million-dollar club this quarter include Hawthorne, Wilston and West End.

UNIT MARKET

Brisbane’s unit and townhouse market was softer this quarter, with the median sale price slipping by 2.1 per cent, to $429,000, and sales activity down 16 per cent. Speculation has begun to mount that the inner-city apartment market may be oversupplied, however, the REIQ does not see evidence of this yet. Rather, the December 2015 data is in line with historical December quarters which have usually been quieter. Local agents indicate strong levels of interest in this part of the market, particularly from southern and overseas investors. The flow of apartments is steady and is not overwhelming demand yet. Whether this changes will remain to be seen. Local agents are also reporting that negative gearing chatter is impacting on enquiry levels, however, it is too early to tell if that will translate to a significant impact on sales. The March and June quarters will be more revealing. RENTAL MARKET

The Brisbane rental market has eased from 2.8 per cent to 3.1 per cent, and this remains within the healthy range. As mentioned previously, the December quarter is usually the quietest month for the rental market so a dip is completely in keeping with historical trends. The inner city market, 0-5km ring, eased to 3.8 per cent, further fuelling speculation of an oversupply, but the March and June quarter data sets will shed more light on this. We are seeing steady trends across the rents, with three-bed houses, two-bed units and three-bed townhouses all holding steady this quarter. Gross rental yields are at 3.5 per cent for houses and 4.8 per cent for units and this is a good indication of a steady market where supply and demand factors are well balanced.

The busiest price point remains the $350,000 - $500,000 bracket and listings are harder to come by as agents report difficulty keeping the cupboard well-stocked.

Market conditions are consistent with a healthy balance between supply and demand levels.

6 QUEENSLAND MARKET MONITOR

BRISBANE MARKET UPDATES

SALES MARKET - HOUSES SUBURB

NUMBER OF SALES

SALES MARKET - HOUSES (CONT’D) MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

SUBURB

NUMBER OF SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

BRISBANE (LGA)

3,393

$632,000

1.6%

$615,500

6.1%

14.2%

JINDALEE ~

$572,500

3.3%

$525,000

6.1%

-1.0%

BRISBANE (LGA) ^ ~

$880,000

-7.9%

$968,000

3.5%

-3.2%

KANGAROO POINT ~ f

N/A

$951,000

26.4%

6.0%

ACACIA RIDGE

$381,500

3.7%

$367,000

7.9%

3.0%

KARANA DOWNS

N/A

$410,000

6.5%

-4.9%

ALBION

N/A

$730,000

6.3%

9.3%

KARANA DOWNS ^

N/A

$515,000

6.7%

-5.4%

ALDERLEY

$723,050

5.9%

$705,000

4.0%

9.8%

KEDRON

$715,000

19.7%

$615,000

-0.7%

13.0%

ALGESTER

$505,000

-1.5%

$484,500

7.4%

KELVIN GROVE

N/A

$747,750

10.6%

4.2%

ANNERLEY

$680,000

-2.9%

$665,000

-0.8%

11.7%

KENMORE

$671,000

10.0%

$615,000

7.7%

2.9%

ASCOT ~

$1,400,000

11.1%

$1,269,750

-4.5%

5.8%

KENMORE HILLS

N/A

$772,500

14.4%

-1.0%

ASHGROVE

$820,000

5.1%

$838,500

6.1%

13.7%

KEPERRA

$475,000

2.2%

$466,000

0.9%

5.0%

ASPLEY

$575,125

6.5%

$540,000

3.5%

12.3%

KURABY ~

$677,500

28.6%

$625,000

10.1%

5.9%

AUCHENFLOWER

$945,000

6.8%

$910,000

5.3%

17.2%

LOTA ~

$570,000

-9.9%

$560,000

1.8%

19.3%

BALD HILLS

$406,000

-6.7%

$398,500

3.5%

1.3%

LUTWYCHE

N/A

$740,000

1.4%

23.2%

BALMORAL

$927,500

-2.9%

$945,000

6.8%

11.3%

MACGREGOR ~

$724,000

2.9%

$719,000

14.6%

16.7%

BANYO

$585,625

22.4%

$475,000

8.8%

2.0%

MACKENZIE

N/A

$739,000

7.0%

10.2%

BARDON

$915,000

7.7%

$845,500

1.6%

5.9%

MANLY

$745,000

-2.6%

$752,000

11.4%

-3.9%

BELLBOWRIE

$520,000

8.9%

$490,000

5.4%

-1.8%

MANLY WEST

$540,000

-5.4%

$545,000

6.9%

2.0%

BELMONT

$625,000

N/A

$633,750

10.2%

-4.0%

MANSFIELD

$625,000

3.1%

$595,000

7.5%

8.5%

BOONDALL

$460,000

0.0%

$456,000

7.2%

0.1%

MCDOWALL

$640,000

3.6%

$600,000

0.5%

3.9%

BRACKEN RIDGE

$443,500

-2.2%

$447,500

7.1%

0.4%

MIDDLE PARK

N/A

$573,000

7.6%

-1.4%

BRIDGEMAN DOWNS

$672,500

-10.3%

$732,500

4.6%

3.7%

MITCHELTON

$623,750

0.9%

$588,944

4.8%

7.9%

BRIGHTON ~

$455,000

4.2%

$449,000

2.1%

7.1%

MOGGILL

$537,500

-6.5%

$533,750

6.8%

3.7%

BROOKFIELD ^ ~

N/A

$1,200,000

7.3%

-15.3%

MOOROOKA

$570,000

-2.0%

$571,000

4.0%

10.5%

BULIMBA

$1,016,225

-21.8%

$1,150,000

5.4%

21.3%

MORNINGSIDE

$651,000

-13.2%

$705,000

11.5%

5.8%

CALAMVALE

$660,000

7.3%

$615,000

9.8%

8.5%

MOUNT GRAVATT

$625,000

N/A

$630,000

13.3%

13.5%

CAMP HILL ~

$758,500

-5.2%

$751,000

1.5%

10.4%

MOUNT GRAVATT EAST

$621,000

5.3%

$580,000

3.6%

16.7%

CANNON HILL

$726,875

-5.6%

$720,000

8.0%

18.1%

MURARRIE

$640,000

-4.5%

$650,000

14.0%

18.8%

CARINA

$618,000

-0.2%

$615,000

11.3%

8.3%

NEW FARM

$1,591,000

-6.1%

$1,550,000

19.2%

18.2%

CARINA HEIGHTS

$605,000

-2.0%

$620,500

6.5%

12.5%

NEWMARKET

$915,000

28.9%

$771,500

2.9%

4.9%

CARINDALE

$867,500

14.9%

$770,000

7.0%

3.5%

NORMAN PARK

$841,000

10.7%

$800,000

5.0%

12.9%

CARSELDINE

$590,000

-1.7%

$575,000

2.9%

1.6%

NORTHGATE ~

$580,000

-1.7%

$615,000

3.2%

28.9%

CHAPEL HILL

$735,000

1.1%

$727,000

7.3%

-0.4%

NUDGEE

$575,000

1.8%

$566,500

-0.4%

19.8%

CHELMER ~ f

N/A

$971,000

-6.4%

25.0%

NUNDAH

$645,000

-7.5%

$675,000

1.2%

15.4%

CHERMSIDE

$510,000

-9.1%

$530,000

-5.9%

21.2%

OXLEY

$539,500

14.3%

$500,000

2.0%

7.7%

CHERMSIDE WEST

$591,250

17.5%

$530,000

2.9%

10.8%

PADDINGTON

$954,000

6.0%

$900,000

0.1%

14.5%

CLAYFIELD ~

$1,080,000

29.3%

$1,062,500

17.6%

-3.4%

PARKINSON

$652,000

9.6%

$600,000

4.4%

9.5%

COOPERS PLAINS

$533,250

7.4%

$506,000

6.3%

8.2%

PULLENVALE ^ ~

$935,000

N/A

$932,500

-0.5%

-18.8%

COORPAROO

$892,500

13.0%

$780,000

8.0%

7.0%

RED HILL

$785,000

-7.7%

$810,000

7.5%

16.4%

CORINDA ~

$627,250

-3.5%

$652,500

5.2%

5.6%

RICHLANDS

N/A

$421,000

4.9%

-1.1%

DARRA

$472,500

9.9%

$410,000

15.5%

0.0%

RIVERHILLS

$477,000

7.7%

$462,500

6.3%

-0.8%

DEAGON

$489,500

14.1%

$435,000

8.8%

-2.9%

ROBERTSON ~

$886,000

-7.7%

$858,000

14.8%

9.4%

DOOLANDELLA

N/A

$428,500

0.5%

-3.1%

ROCHEDALE

N/A

$939,000

11.1%

N/A

DREWVALE

$550,000

5.8%

$541,000

12.1%

-1.1%

ROCKLEA

N/A

$390,000

4.7%

4.2%

DURACK

$385,000

2.2%

$389,000

5.1%

0.0%

RUNCORN

$548,750

2.6%

$517,500

4.6%

13.8%

EAST BRISBANE ~

$800,000

7.4%

$785,000

7.2%

9.6%

SALISBURY

$562,500

2.3%

$530,000

7.8%

8.5%

EIGHT MILE PLAINS

$782,500

7.6%

$735,000

11.7%

6.1%

SANDGATE ~

$592,000

-11.0%

$591,000

7.3%

6.6%

ENOGGERA

$625,000

-0.8%

$630,000

8.3%

0.6%

SEVEN HILLS

$632,000

-13.0%

$728,000

7.9%

12.7%

EVERTON PARK

$581,000

0.1%

$545,000

7.6%

2.3%

SEVENTEEN MILE ROCKS

N/A

$670,000

15.5%

5.3%

FAIRFIELD

N/A

$625,000

-10.1%

17.7%

SHERWOOD

$850,000

7.6%

$840,000

5.7%

6.0%

FERNY GROVE

$522,500

-2.6%

$529,500

0.9%

5.4%

SHORNCLIFFE

N/A

$675,000

-8.0%

13.3%

FIG TREE POCKET

$875,000

-7.9%

$905,000

4.9%

3.0%

SINNAMON PARK

$623,500

6.8%

$617,500

0.4%

-3.5%

FITZGIBBON

$442,000

N/A

$439,000

3.3%

0.0%

SPRING HILL

N/A

$917,500

1.9%

15.4%

FOREST LAKE

$430,000

2.1%

$410,000

2.5%

0.3%

ST LUCIA

$1,030,000

-4.6%

$1,080,000

1.9%

6.3%

GAYTHORNE

$515,750

N/A

$605,000

0.5%

18.1%

STAFFORD

$580,000

1.8%

$560,000

4.1%

12.1%

GEEBUNG

$492,500

N/A

$480,000

1.6%

3.8%

STAFFORD HEIGHTS

$578,750

4.0%

$550,000

8.9%

8.2%

GORDON PARK

$765,000

6.3%

$735,000

-4.6%

29.5%

STRETTON ~

$793,800

-7.7%

$828,000

10.0%

21.4%

GRACEVILLE

$847,500

-0.6%

$760,500

8.2%

1.9%

SUNNYBANK

$756,000

12.8%

$695,000

11.9%

15.9%

GRANGE

$920,000

6.9%

$857,000

7.9%

19.5%

SUNNYBANK HILLS

$593,000

-11.6%

$622,000

7.4%

14.7%

GREENSLOPES

$740,000

0.0%

$707,000

12.2%

6.6%

TAIGUM

$479,750

2.1%

$480,000

0.2%

5.9%

HAMILTON ~

$920,000

-13.9%

$1,132,500

11.6%

-12.2%

TARINGA

$827,500

5.1%

$840,000

4.0%

7.7%

HAWTHORNE ~

$1,045,000

7.5%

$1,055,000

-2.3%

30.9%

TARRAGINDI

$705,000

-1.4%

$695,000

11.0%

7.5%

HEATHWOOD

$594,500

N/A

$567,000

7.2%

-5.7%

TENERIFFE

N/A

$1,465,000

1.0%

10.9%

HEMMANT

$490,000

N/A

$437,500

4.2%

-3.4%

THE GAP

$647,500

0.2%

$622,000

9.1%

3.1%

HENDRA ~

$985,500

15.9%

$870,000

4.5%

7.0%

TINGALPA

$531,000

16.1%

$480,000

3.7%

7.7%

HIGHGATE HILL ~

N/A

$1,010,000

4.9%

20.3%

TOOWONG

$830,000

5.4%

$748,500

-2.3%

7.9%

HOLLAND PARK

$690,000

3.0%

$645,000

6.6%

11.0%

UPPER KEDRON

N/A

$603,000

8.5%

3.0%

HOLLAND PARK WEST

$705,000

6.8%

$648,000

10.3%

5.9%

UPPER MOUNT GRAVATT

$540,000

-6.1%

$585,500

6.5%

17.4%

INALA

$342,500

0.7%

$325,000

7.3%

2.0%

VIRGINIA

$580,000

3.6%

$560,000

11.0%

16.8%

INDOOROOPILLY ~

$920,000

15.1%

$835,000

9.9%

9.2%

WAKERLEY

$707,750

-0.8%

$701,250

0.2%

12.0%

JAMBOREE HEIGHTS

N/A

$434,000

-2.9%

3.7%

WAVELL HEIGHTS

$642,500

2.8%

$630,000

7.0%

12.4%

DECEMBER QUARTER 2015

BRISBANE MARKET UPDATES

SALES MARKET - HOUSES (CONT’D) SUBURB

NUMBER OF SALES

MEDIAN SALE

QTRLY CHANGE

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

1YR 5YR CHANGE CHANGE

SUBURB

NUMBER OF SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

WEST END

$1,080,000

9.0%

$999,500

5.5%

18.4%

HOLLAND PARK WEST *

N/A

$440,000

15.8%

21.5%

WESTLAKE

$635,000

1.8%

$628,500

-0.2%

INDOOROOPILLY

$472,750

1.7%

$470,000

-2.1%

3.3%

WILSTON

$1,100,000

17.7%

$927,000

7.2%

1.6%

KANGAROO POINT

$522,500

3.0%

$487,000

-4.0%

-5.4%

WINDSOR

$875,000

11.8%

$768,250

7.0%

4.0%

KEDRON ~

$421,000

-8.5%

$455,000

8.6%

33.5%

WISHART

$680,250

0.0%

$640,000

9.4%

6.4%

KELVIN GROVE

$415,000

-15.9%

$475,000

2.2%

11.8%

WOOLLOONGABBA

$735,000

N/A

$790,000

20.6%

-3.4%

LUTWYCHE

N/A

$460,390

7.1%

18.0%

WOOLOOWIN

$635,250

-24.2%

$777,500

12.2%

6.5%

MANLY

N/A

$425,000

-12.4%

0.0%

WYNNUM

$635,000

0.8%

$617,000

6.6%

9.2%

MANLY WEST

N/A

$370,000

-1.3%

-3.3%

WYNNUM WEST

$505,000

3.2%

$480,000

1.1%

8.3%

MCDOWALL

N/A

$470,000

16.1%

22.1%

YERONGA ~

$715,000

-6.8%

$750,000

6.4%

5.6%

MILTON *

N/A

$510,000

2.0%

-10.5%

ZILLMERE

$450,000

0.4%

$445,000

9.4%

4.3%

SALES MARKET - UNITS & TOWNHOUSES BRISBANE (LGA)

1,818

$429,000

-2.1%

$435,000

1.2%

4.8%

MITCHELTON

N/A

$408,000

0.2%

2.3%

MOOROOKA

$424,000

3.4%

$423,000

10.3%

0.7%

MORNINGSIDE *

$485,000

-0.8%

$490,000

3.2%

8.9%

MOUNT GRAVATT

N/A

$468,750

6.5%

N/A

ACACIA RIDGE

N/A

$348,000

0.0%

-31.0%

MOUNT GRAVATT EAST * t

$435,000

-0.6%

$450,000

1.1%

16.7%

ALBION ~ *

N/A

$412,500

-7.3%

-6.1%

MURARRIE

$570,000

N/A

$570,000

25.4%

-7.5%

ALDERLEY

$375,500

-15.1%

$420,750

-0.4%

10.0%

NEW FARM

$520,000

-3.3%

$562,000

-4.7%

6.0%

ANNERLEY ~

$389,000

-11.6%

$386,250

-10.9%

1.6%

NEWMARKET

N/A

$430,000

-5.3%

-5.0%

ASCOT ~

$402,500

-11.9%

$426,000

-3.2%

5.4%

NEWSTEAD ~

$725,000

16.0%

$650,000

7.4%

-10.3%

ASHGROVE

$458,000

6.5%

$440,000

-12.5%

11.4%

NORMAN PARK

$510,000

17.2%

$480,000

-8.6%

0.2%

ASPLEY

N/A

$385,000

1.0%

3.4%

NORTHGATE

N/A

$403,750

-0.1%

16.9%

AUCHENFLOWER ~

$480,000

0.0%

$487,500

6.2%

12.1%

NUDGEE

N/A

$456,000

N/A

BALMORAL

$513,750

-9.1%

$532,500

11.3%

6.3%

NUNDAH ~

$419,825

-3.2%

$424,825

5.7%

5.9%

BOWEN HILLS ~ *

$420,000

1.2%

$426,510

-0.8%

1.2%

OXLEY

N/A

$360,500

7.1%

-3.9%

BRACKEN RIDGE

$350,000

N/A

$326,043

0.9%

-8.2%

PADDINGTON

N/A

$526,500

8.6%

25.4%

BRIDGEMAN DOWNS

N/A

$449,999

34.3%

21.7%

RED HILL

N/A

$441,500

4.5%

6.4%

BRISBANE CITY

108

$475,000

-4.4%

$497,000

0.4%

7.7%

RICHLANDS

$342,900

N/A

$346,900

-0.9%

-0.3%

BULIMBA *

$538,300

-10.2%

$588,788

1.0%

7.1%

RUNCORN

$352,000

3.5%

$334,950

-0.4%

0.7%

CALAMVALE

$383,950

-3.5%

$387,000

2.4%

5.7%

SHERWOOD *

$459,000

4.3%

$445,000

-3.1%

7.0%

CAMP HILL

N/A

$412,000

-10.4%

-9.5%

SOUTH BRISBANE ~

$498,716

-0.3%

$490,000

-2.0%

3.6%

CARINA

$435,000

-5.4%

$460,000

1.4%

4.5%

SPRING HILL

$387,000

-4.0%

$406,500

2.9%

3.9%

CARINA HEIGHTS

$465,000

-2.8%

$485,000

5.0%

4.9%

ST LUCIA

$449,750

-5.5%

$493,000

-1.9%

10.8%

CARINDALE ~ t

N/A

$500,000

7.5%

4.2%

STAFFORD *

N/A

$447,500

7.8%

17.3%

CARSELDINE

$408,000

3.9%

$390,000

-0.5%

1.3%

SUNNYBANK HILLS

N/A

$343,000

-5.5%

-6.3%

CHERMSIDE

$447,500

0.6%

$414,500

2.4%

-3.6%

TAIGUM ~

$305,250

-10.0%

$316,500

-17.8%

-10.1%

CLAYFIELD

$372,500

0.7%

$377,550

-3.7%

5.2%

TARINGA

$420,000

1.2%

$430,500

-2.2%

0.9%

COOPERS PLAINS

N/A

$396,250

5.6%

-0.7%

TENERIFFE ~

$705,000

10.5%

$591,000

-2.7%

7.4%

COORPAROO ~

$415,000

7.6%

$405,000

3.9%

6.3%

THE GAP ~ t

N/A

$510,000

6.2%

20.0%

DARRA

N/A

$330,000

2.3%

-4.9%

TINGALPA

N/A

$357,750

-7.1%

0.5%

DOOLANDELLA

N/A

$339,500

0.2%

0.6%

TOOWONG ~

$446,500

4.9%

$428,500

-3.3%

-0.2%

EAST BRISBANE

$417,000

-3.0%

$420,000

-5.6%

-7.7%

UPPER MOUNT GRAVATT ~ t

$395,000

-1.3%

$395,000

-13.2%

-7.4%

EIGHT MILE PLAINS

$369,000

-7.8%

$407,000

-1.6%

5.7%

WAKERLEY

$437,000

N/A

$423,750

2.1%

-0.3%

ENOGGERA

$384,000

N/A

$337,842

-17.6%

-13.4%

WEST END ~ *

$501,000

-8.1%

$564,000

-1.1%

3.0%

EVERTON PARK

$378,750

1.4%

$398,000

-6.4%

-0.1%

WINDSOR ~

N/A

$412,500

-11.3%

11.5%

FITZGIBBON

N/A

$358,000

8.5%

6.9%

WISHART

N/A

$385,000

1.7%

6.6%

FORTITUDE VALLEY

$430,000

-5.9%

$445,000

-4.3%

6.0%

WOOLLOONGABBA

N/A

$425,000

6.3%

1.2%

GAYTHORNE

$440,299

-4.7%

$438,163

-0.4%

9.3%

WYNNUM *

$355,000

-9.0%

$399,000

-12.5%

2.3%

GORDON PARK

N/A

$395,000

4.6%

11.3%

WYNNUM WEST ~ t

$311,000

-11.1%

$341,000

-1.2%

-3.9%

GREENSLOPES

$353,000

-11.8%

$377,000

-8.1%

1.9%

YERONGA

$489,000

1.2%

$483,000

8.2%

15.0%

HAMILTON ~

$620,000

9.3%

$567,750

2.9%

18.3%

ZILLMERE ~

N/A

$355,000

-5.3%

-4.1%

HAWTHORNE ~

N/A

$561,000

5.6%

31.8%

HIGHGATE HILL ~

$483,500

-7.0%

$527,500

5.5%

17.2%

Direct Connect makes moving easy for your customers by arranging their utility connections and other moving solutions. We invite you to experience the difference with us today.

CALL US ON 1300 664 715

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

BRISBANE MARKET UPDATES

RENTAL MARKET - 3 BED HOUSES (CONT’D)

SALES MARKET - VACANT LAND

POST NUMBER OF SALES

SUBURB

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

BRISBANE (LGA)

170

$370,000

-3.9%

$375,000

13.6%

23.0%

BRISBANE (LGA) ^

N/A

$812,500

19.1%

66.5%

BRIDGEMAN DOWNS

$375,000

-1.3%

$400,000

5.7%

-3.6%

CARINDALE

N/A

$505,500

7.6%

N/A

FITZGIBBON * G

N/A

$180,000

-15.7%

-19.4%

HEATHWOOD *

$279,000

-2.1%

$274,000

2.6%

14.0%

KENMORE

N/A

$430,000

N/A

KURABY

N/A

$344,000

2.8%

N/A

ROCHEDALE

$445,000

0.5%

$443,000

1.1%

N/A

UPPER KEDRON

$341,250

2.4%

$331,000

3.4%

12.2%

RENTAL MARKET - 3 BED HOUSES POST CODE

DEC-15 LOCALITY

$/WEEK

DEC-14

NEW BONDS $/WEEK

NEW BONDS

BRISBANE CITY

$420

2853

$420

2548

BAYSIDE

$415

144

$420

124

4178

WYNNUM

$415

$420

4179

MANLY

$420

CITY INNER

$550

228

$550

196

4000

BRISBANE CITY

$550

$600

4005

NEW FARM

$750

$600

4006

BOWEN HILLS

$550

$470

4064

PADDINGTON

$570

$580

4066

TOOWONG

$515

$500

4067

ST LUCIA

$500

$530

4101

SOUTH BRISBANE

$570

$545

4102

WOOLOONGABBA

$490

4169

EAST BRISBANE

29 BRISBANE CITY $500 HOUSE SALES (p)$500

NORTH - INNER

SEP 15 $470DEC 15 292

281

$520

4007

ASCOT

$560

4010

ALBION

$450

4011

CLAYFIELD

$545

$550

4012

NUNDAH

$450

$440

4030

LUTWYCHE

$480

$485

4031

GORDON PARK

$450

$400

4051

ALDERLEY

$480

$400

412

$395333

755

616

NORTH - OUTER

2140 2126 19

$460 N.A.

78 383399

4013

NORTHGATE 124 92

$395

$360

4014

VIRGINIA

$420

$400

4017

<$350k BRACKEN RIDGE

4018

FITZGIBBON

4032

CHERMSIDE

4034

ASPLEY

4036

BALD HILLS

$350K+

$500K+ 108

$380 $400

$380

24 54

$395

1026$380

DEC 15

142

$395

145

$360

NORTH WEST - INNER

$525

115

$540

4059

KELVIN GROVE

$583

$550

4060

ASHGROVE

$500

$465

4065

BARDON

$485

30548

$500

NORTH WEST - OUTER

$420

232

$415

207

4053

STAFFORD

$420

150

$415

127

4054

ARANA HILLS

$400

$395

$465

$450

865

391

316

4061 81 THE GAP 43

$250K+

$350K+

492

43 37

$500K+

SEP 15

DEC 15

NEW BONDS

$420

364

$420

283

4103

ANNERLEY

$430

$455

4104

YERONGA

$440

$520

4105

MOOROOKA

$400

4120

GREENSLOPES

$450

4121

HOLLAND PARK

$450

$435

4122

MANSFIELD

$400

150

$400

121

SOUTH - OUTER

$390

272

$380

268

4106

ROCKLEA

$370

$350

4107

SALISBURY

$375

$385

4108

COOPERS PLAINS

$400

$360

4109

MACGREGOR

$395

$400

4110

ACACIA RIDGE

$350

4112

KURABY

$380

$345

4113

EIGHT MILE PLAINS

$400

$375

4115

ALGESTER

$410

$400

4116

CALAMVALE

$420

$400

SOUTH EAST - INNER

$460

309

$450

274

4151

COORPAROO

$470

4152

CAMP HILL

$440

112

$440

102

4170

CANNON HILL

$470

$475

4171

BALMORAL

$510

$520

4172

MURARRIE

$420

$410

SOUTH EAST - OUTER

$420

4153

BELMONT

$420

4154

GUMDALE

$435

$415

4173

TINGALPA

$420

4174

HEMANT

$400

N/A

SOUTH WEST - INNER

$445

$440

$420

329

$350

283

$450

4068

CHELMER

4075

CORINDA

BRISBANE CITY $480 HOUSE SALES (p)$450 34 SEP 15

$430

DEC 15 2126

2140

SOUTH WEST - OUTER

$370

4069

BROOKFIELD

$465

4070

ANSTEAD

$380

4073

SEVENTEEN MILE ROCKS

$425

$410

4074

JINDALEE

$395

$380

4076

DARRA

$330

4077

DOOLANDELLA

$325

$310

4078

FOREST LAKE

$360

101

$350333

124

755

616

N.A.

70 38390

<$350k

$350K+

$500K+

$1M+

BRISBANE CITY UNIT SALES (p) SEP 15

DEC 15

1026 865

548

492

391 316

$250K+

$350K+

$500K+

$1M+

BRISBANE CITY LAND SALES (p) 15 HOUSE DEC 15 SALES (p) BRISBANE SEP CITY 74

BRISBANE CITY LAND SALES (p) 70

DEC-14

NEW BONDS $/WEEK

SOUTH - INNER

<$250k <$250k

$/WEEK

LOCALITYL

$390 $1M+ 110

54 BRISBANE CITY$410 UNIT SALES (p)$395 SEP 15

DEC-15

CODE

SEP 15

DEC 15

2126 58

2140

58 52

33 28

755 11

616

333 124

<$250k

$250K+

$350K+

$500K+

383

<$250k <$350k

$250K+ $350K+

$350K+ $500K+

$500K+ $1M+

DECEMBER BRISBANE CITY UNIT SALES (p) QUARTER 2015 SEP 15

DEC 15

BRISBANE MARKET UPDATES

RENTAL MARKET - 2 BED UNITS POST CODE

RENTAL MARKET - 3 BED TOWNHOUSES DEC-15

LOCALITYL

$/WEEK

DEC-14

NEW BONDS $/WEEK

NEW BONDS

POST CODE

DEC-15 LOCALITYL

$/WEEK

DEC-14

NEW BONDS $/WEEK

NEW BONDS

BRISBANE CITY

$400

4523

$400

4051

BRISBANE CITY

$415

1594

$405

1664

BAYSIDE

$345

$340

BAYSIDE

$400

147

$400

4178

WYNNUM

$345

$330

WYNNUM

$400

107

$400

4179

MANLY

$320

$340

CITY INNER

$600

CITY INNER

$490

1846

$495

1647

4064

PADDINGTON

$600

$545

4000

BRISBANE CITY

$590

279

$580

248

4066

TOOWONG

$550

$540

4005

NEW FARM

$500

301

$520

275

4101

SOUTH BRISBANE

$670

$650

4006

BOWEN HILLS

$483

273

$480

300

NORTH - INNER

$480

123

$480

4064

PADDINGTON

$430

$420

4011

CLAYFIELD

$520

$590

4066

TOOWONG

$400

208

$400

166

4012

NUNDAH

$460

$455

4067

ST LUCIA

$400

$410

4030

LUTWYCHE

$490

$550

4101

SOUTH BRISBANE

$530

331

$530

325

4051

ALDERLEY

$475

$480

4102

WOOLOONGABBA

$460

$450

NORTH - OUTER

$390

178

$385

204

4169

EAST BRISBANE

$470

215

$460

138

4018

FITZGIBBON

$395

$380

NORTH - INNER

$360

893

$360

792

4032

CHERMSIDE

$430

$445

4007

ASCOT

$450

164

$435

155

4034

ASPLEY

$385

$390

4010

ALBION

$350

$395

NORTH WEST - INNER

$530

$520

4011

CLAYFIELD

$340

134

$350

117

KELVIN GROVE

$500

4012

NUNDAH

$385

206

$365

168

NORTH WEST - OUTER

$420

4030

LUTWYCHE

$340

125

$360

126

STAFFORD

$420

4031

GORDON PARK

$345

112

$315

SOUTH - INNER

$450

139

$430

135

4051

ALDERLEY

$349

136

$360

137

4103

ANNERLEY

$520

$450

NORTH - OUTER

$350

266

$350

211

4104

YERONGA

$500

$440

4013

NORTHGATE

$310

$320

4105

MOOROOKA

$420

$440

4014

VIRGINIA

$350

N/A

4122

MANSFIELD

$425

$420

4017

BRACKEN RIDGE

$320

$290

SOUTH - OUTER

$390

309

$390

426

4018

FITZGIBBON

$300

$345

4109

MACGREGOR

$405

4032

CHERMSIDE

$390

129

$385

109

4110

ACACIA RIDGE

$350

$340

4034

ASPLEY

$340

4113

EIGHT MILE PLAINS

$410

$400

155

NORTH WEST - INNER

$450

204

$440

177

SOUTH EAST - INNER

$480

240

$480

245

4059

KELVIN GROVE

$495

136

$450

113

4152

CAMP HILL

$450

103

$450

104

4060

ASHGROVE

$380

$450

4170

CANNON HILL

$490

4065

BARDON

$415

$310

SOUTH WEST - INNER

$460

NORTH WEST - OUTER

$380

$370

4068

CHELMER

$525

$520

STAFFORD

$385

$370

4075

CORINDA

$395

$400

SOUTH - INNER

$350

449

$350

395

SOUTH WEST - OUTER

$365

206

$365

195

4103

ANNERLEY

$345

125

$340

104

4076

DARRA

$380

$375

4104

YERONGA

$350

$340

4077

DOOLANDELLA

$365

114

$360

110

4105

MOOROOKA

$340

$350

4120

GREENSLOPES

$350

4121

HOLLAND PARK

$350

4122

MANSFIELD

$410

$395

SOUTH - OUTER

$315

$355

4106

ROCKLEA

$250

4108

COOPERS PLAINS

$385

$350

4109

MACGREGOR

$340

$380

4110

ACACIA RIDGE

$290

N/A

4115

ALGESTER

$290

$350

SOUTH EAST - INNER

$385

409

$370

382

4151

COORPAROO

$355

141

$350

147

4152

CAMP HILL

$370

$380

4170

CANNON HILL

$400

$380

4171

BALMORAL

$455

128

$430

SOUTH EAST - OUTER

$307

SOUTH WEST - INNER

$380

243

$380

261

4068

CHELMER

$380

182

$380

218

4075

CORINDA

$360

$345

SOUTH WEST - OUTER

$310

$320

FOREST LAKE

$340

$330

4053

4078

DID YOU KNOW?

N.A.

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

10 QUEENSLAND MARKET MONITOR

4178

4059 4053

N.A.

BRISBANE MARKET UPDATES

GREATER BRISBANE

The median house price of Brisbane Statistical Division, also known as Greater Brisbane, (comprising the LGAs Brisbane, Ipswich, Logan, Moreton Bay and Redland) rose three per cent to $498,425 in the December quarter. Both Logan and Redland recorded higher median house prices, while Ipswich remained steady. The only LGA to drop was Redland and it slipped by a mere 0.9 per cent. Investor interest from interstate and overseas continues to underpin the sales markets of the Greater Brisbane area and as long as prices remain affordable and interest rates remain low, this will likely continue. The rental markets throughout Greater Brisbane remain tight and demand for rental property is mounting upward pressure on rents in Ipswich and Redland. HOUSE MARKET

For the December quarter, Brisbane Statistical Division (SD) recorded a three per cent bump in median house price, rising from $483,991 to $498,425. Sales activity is down slightly, recording a drop of around four per cent. The most active price band remains the $250,000 to $350,000, however the sub-$250,000 was a close second, with 203 transactions compared with 259 transactions in the higher bracket. Moreton Bay continues to hold the title as the strongest performing house market in Greater Brisbane, with just 72 days on market for houses and just 5.2 per cent vendor discounting. It is also the busiest, with 1326 sales. Logan recorded a 1.9 per cent lift in median sale price, although no change to its sales volumes. Ipswich recorded the largest change in sales activity, dropping 17 per cent over the quarter, although it was coming off a very busy September quarter. Even with the quieter sales volumes, Ipswich maintained its median sale price of $325,000 â&#x20AC;&#x201C; the same as the September quarter.

UNIT MARKET

The Greater Brisbane apartment market recorded a slight dip of 1.1 per cent to its median sale price, to $395,500 and this trend is in keeping with the rest of the state, where apartments softened across the board. All local government areas within Greater Brisbane recorded a slip in apartment prices. Ipswich increased its listings for the quarter and accordingly, days on market edged out slightly. Additionally, all markets recorded a drop in sales activity, except Ipswich, which reported an increase in apartment sales by six per cent, and Moreton Bay, which increased its apartment sale activity by two per cent. RENTAL MARKET

Rental markets throughout Greater Brisbane remain in the tight to healthy range and it is only the inner city of Brisbane (0-5km) where vacancies have become weak, at 3.8 per cent. Accordingly, rents have remained largely, very steady. Only Loganâ&#x20AC;&#x2122;s three-bed house market dropped in average rent to $345. Ipswich and Redland two-bed flats increased their average weekly rents. Townhouses are very popular in Redland and a threebed townhouse rents for almost the same as a Brisbane townhouse, with tenants paying an average $400 a week in Redland compared with $415 in Brisbane. Investors in Logan are getting the highest gross rental yield in Greater Brisbane, with units attracting a gross yield of 5.7 per cent. They are well ahead of investors in second-placed Redlands (5.0 per cent) and third-placed Brisbane City (4.8 per cent).

Local agents report a strong level of enquiry and have suggested the March quarter figures will be a return to busier times for Ipswich.

Townhouses are very popular in Redland and a three-bed townhouse rents for almost the same as a Brisbane townhouse. DECEMBER QUARTER 2015

BRISBANE MARKET UPDATES

SALES MARKET - HOUSES SUBURB

NUMBER OF SALES

SALES MARKET - HOUSES (CONT’D) MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

SUBURB

NUMBER OF SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

BRISBANE (SD)

6,755

$498,425

3.0%

$482,000

2.3%

5.9%

MUNRUBEN ^

N/A

$521,500

3.3%

-2.9%

BRISBANE (SD) ^

501

$580,000

-3.3%

$585,000

2.6%

0.0%

NEW BEITH ^

N/A

$558,750

1.6%

3.8%

REGENTS PARK

$380,000

2.0%

$370,000

3.9%

-3.5%

IPSWICH (LGA)

597

$325,000

0.0%

$320,625

3.4%

0.8%

ROCHEDALE SOUTH

$487,500

5.4%

$459,000

3.8%

7.1%

IPSWICH (LGA) ^

$485,000

-1.0%

$480,000

3.2%

-5.0%

SHAILER PARK

$505,500

-4.2%

$518,000

6.8%

3.2%

AUGUSTINE HEIGHTS

$480,000

3.7%

$487,500

-5.3%

-6.4%

SLACKS CREEK

$335,000

4.7%

$318,000

4.3%

1.7%

BELLBIRD PARK

$395,750

18.3%

$335,000

3.2%

3.4%

SPRINGWOOD

$473,500

3.2%

$465,000

6.9%

4.4%

BOOVAL

$265,000

-1.9%

$275,000

5.8%

-9.4%

TANAH MERAH

$379,500

-10.5%

$414,000

6.7%

-0.5%

BRASSALL

$322,000

-3.0%

$322,000

2.2%

-7.4%

UNDERWOOD

$491,000

-0.7%

$499,000

2.9%

9.0%

BROOKWATER ~ *

N/A

WATERFORD

$415,250

5.1%

$390,000

8.3%

-7.5%

BUNDAMBA

$281,500

2.2%

$279,750

-0.1%

0.9%

WATERFORD WEST

$317,500

0.8%

$316,500

-1.1%

0.0%

CAMIRA

$355,000

2.0%

$352,000

5.9%

-4.0%

WINDAROO

N/A

$414,500

-2.5%

0.0%

COALFALLS

N/A

$299,000

10.1%

-15.0%

WOODRIDGE

$302,500

1.9%

$292,000

11.5%

-3.1%

COLLINGWOOD PARK

$310,000

-5.3%

$315,000

3.3%

-4.4%

YARRABILBA

$405,000

5.2%

$386,775

3.2%

N/A 2.0%

DEEBING HEIGHTS

N/A

$380,000

-3.2%

N/A

EAST IPSWICH ~

$250,750

-7.1%

$269,000

3.5%

-4.1%

MORETON BAY (LGA)

1,326

$419,000

2.2%

$408,000

3.3%

EASTERN HEIGHTS

$312,000

23.7%

$270,000

-3.6%

-0.2%

MORETON BAY (LGA) ^

171

$600,000

0.0%

$600,000

3.9%

0.0%

FLINDERS VIEW ~

$307,500

-21.4%

$349,000

-0.3%

-5.9%

ALBANY CREEK

$557,000

-1.6%

$557,000

11.0%

-4.2%

GAILES

N/A

$245,000

2.1%

-7.7%

ARANA HILLS

$498,000

-0.4%

$485,100

1.1%

6.7%

GOODNA

$300,000

3.8%

$290,000

3.6%

-6.7%

BANKSIA BEACH ~ f

$530,000

-7.4%

$510,000

4.7%

1.5%

IPSWICH ~

N/A

$330,000

13.0%

-9.5%

BEACHMERE

$281,000

N/A

$313,000

-3.0%

-6.9%

KARALEE ^

$437,500

-22.6%

$510,000

0.0%

-1.0%

BELLARA

$325,000

-3.6%

$320,000

-5.0%

0.6%

LEICHHARDT

$239,500

11.4%

$225,000

5.1%

-11.8%

BELLMERE

$342,750

-2.4%

$340,000

3.0%

-8.6%

NEWTOWN

$354,500

N/A

$330,000

5.8%

-7.1%

BONGAREE

$429,000

10.4%

$405,000

5.2%

-7.2%

NORTH BOOVAL

$283,000

1.3%

$277,500

18.1%

-13.8%

BRAY PARK

$395,000

4.6%

$385,000

4.1%

1.4%

NORTH IPSWICH

$258,500

-10.6%

$265,000

2.7%

-11.6%

BUNYA ^

N/A

$815,000

8.8%

-8.1%

ONE MILE

$226,000

-6.8%

$235,000

0.0%

-8.6%

BURPENGARY

$410,000

3.8%

$390,000

6.9%

-4.5%

RACEVIEW

$320,000

4.9%

$307,500

0.3%

-3.6%

BURPENGARY ^

N/A

-1.4%

$545,000

1.9%

0.9%

REDBANK

N/A

$303,500

7.6%

-9.0%

BURPENGARY EAST

N/A

$412,000

2.0%

N/A

REDBANK PLAINS

$314,250

-0.2%

$310,000

2.1%

1.5%

BURPENGARY EAST ^

N/A

$562,500

8.2%

-7.6%

RIVERVIEW

$237,450

-5.0%

$230,000

-2.3%

-5.8%

CABOOLTURE

$322,000

7.3%

$300,000

3.5%

-7.9%

ROSEWOOD

N/A

$271,500

4.4%

-6.8%

CABOOLTURE ^

$498,000

-2.8%

$500,000

8.1%

-3.6%

SADLIERS CROSSING

N/A

$325,000

7.6%

0.9%

CABOOLTURE SOUTH

$267,000

-5.8%

$269,000

-1.7%

-6.2%

SILKSTONE

$288,000

-0.7%

$271,500

0.9%

-2.2%

CASHMERE ~

$610,000

-9.6%

$612,500

-5.8%

17.1%

SPRINGFIELD

$399,500

-1.4%

$396,564

4.5%

-1.4%

CLONTARF

$415,000

0.0%

$410,000

8.5%

3.6%

SPRINGFIELD LAKES

$426,000

2.9%

$415,000

2.5%

1.3%

DAKABIN

N/A

$450,000

4.1%

0.6%

YAMANTO

$377,500

-7.9%

$415,000

10.7%

7.1%

DECEPTION BAY

$329,000

0.6%

$325,000

6.6%

-3.2%

EATONS HILL

$550,500

0.9%

$540,000

-2.7%

8.3%

LOGAN (LGA)

911

$367,000

1.9%

$360,000

3.9%

0.0%

ELIMBAH ^

N/A

$496,500

1.7%

0.7%

LOGAN (LGA) ^

167

$525,000

-4.7%

$533,750

4.7%

4.2%

EVERTON HILLS

$517,500

-4.2%

$520,000

5.1%

4.8%

BEENLEIGH

$305,250

1.8%

$305,000

2.7%

-8.0%

FERNY HILLS

$506,000

-2.1%

$495,000

5.3%

2.2%

BETHANIA

$309,000

N/A

$308,000

6.0%

-6.0%

GRIFFIN

$399,500

-11.6%

$435,000

-0.7%

5.2%

BORONIA HEIGHTS

$317,500

-0.8%

$315,000

-1.6%

1.6%

JOYNER

$460,000

N/A

$532,500

0.5%

11.6%

BROWNS PLAINS

$318,000

-4.5%

$319,500

4.8%

-1.9%

KALLANGUR

$368,950

-0.3%

$361,590

4.8%

-1.4%

CEDAR GROVE ^

N/A

$430,000

2.6%

6.8%

KIPPA-RING

$402,500

3.9%

$385,000

4.1%

2.8%

CEDAR VALE ^

N/A

$463,000

7.7%

-3.4%

LAWNTON

$378,500

5.5%

$365,000

5.8%

-0.7%

CHAMBERS FLAT ^

N/A

$540,000

2.5%

N/A

MANGO HILL ~

$483,373

-0.3%

$457,250

1.6%

1.7%

CORNUBIA ^

N/A

$730,000

-5.2%

1.0%

MARGATE

$394,000

-1.5%

$400,000

4.4%

-2.0%

CORNUBIA ~

$518,994

2.8%

$495,000

1.1%

-0.9%

MORAYFIELD

$331,500

-1.7%

$330,000

3.9%

-3.8%

CRESTMEAD

$320,000

4.7%

$310,000

7.6%

-7.3%

MORAYFIELD ^

$540,000

-3.2%

$543,750

2.1%

-3.2%

DAISY HILL

$450,000

1.8%

$450,000

1.8%

4.6%

MURRUMBA DOWNS

$455,000

1.1%

$472,500

5.0%

2.3%

EAGLEBY

$277,000

1.3%

$272,500

6.9%

-12.9%

NARANGBA

$433,000

-1.6%

$435,000

2.4%

-1.3%

EDENS LANDING

$338,000

-0.3%

$334,000

-3.2%

-4.2%

NARANGBA ^

$687,500

N/A

$655,000

4.0%

11.0%

FORESTDALE ^

N/A

$741,250

12.8%

-3.4%

NEWPORT

$975,000

23.4%

$833,750

4.2%

-5.9%

GREENBANK ^

$562,500

0.5%

$532,500

0.9%

1.5%

NINGI

N/A

$360,000

0.3%

2.5%

HERITAGE PARK

$419,125

-3.9%

$420,750

3.9%

-3.6%

NINGI ^

$520,000

3.0%

$520,000

7.2%

-5.4% -1.0%

HILLCREST

$382,000

12.7%

$341,500

6.1%

-5.3%

NORTH LAKES

$460,000

0.0%

$455,000

1.5%

HOLMVIEW

$357,000

0.6%

$357,875

5.3%

13.3%

PETRIE

$396,500

5.2%

$391,000

2.9%

-1.2%

JIMBOOMBA

N/A

$375,000

4.8%

-5.6%

REDCLIFFE

$397,500

2.7%

$389,000

2.4%

0.0%

JIMBOOMBA ^

$490,000

5.4%

$465,000

1.5%

-5.5%

ROTHWELL

$406,000

1.8%

$397,500

0.6%

2.6%

KINGSTON

$305,000

1.7%

$293,000

7.3%

-3.0%

SAMFORD VALLEY ^

N/A

$877,500

0.0%

2.6%

LOGAN CENTRAL

$313,000

3.5%

$297,250

11.3%

-3.1%

SANDSTONE POINT

$402,500

1.9%

$390,000

3.7%

-4.8%

LOGAN RESERVE

N/A

$374,806

10.6%

-5.6%

SCARBOROUGH ~ f

$512,500

19.9%

$480,000

6.1%

0.0%

LOGAN VILLAGE ^

N/A

$500,500

3.3%

-3.3%

STRATHPINE

$369,000

4.5%

$355,000

-2.7%

4.3%

LOGANHOLME

$370,000

-9.4%

$390,000

10.3%

-5.7%

TOORBUL

N/A

$282,300

-7.0%

-12.0%

LOGANLEA

$350,000

4.9%

$340,000

8.5%

-1.7%

UPPER CABOOLTURE

N/A

$335,500

5.0%

-8.5%

MARSDEN

$358,000

8.0%

$340,000

7.8%

-3.5%

UPPER CABOOLTURE ^

$565,000

N/A

$532,750

2.5%

-2.3%

MEADOWBROOK

N/A

$380,000

1.3%

-4.5%

WAMURAN ^

$585,000

5.8%

$555,000

6.5%

-2.6%

MOUNT WARREN PARK

$373,000

12.7%

$348,750

2.6%

-7.4%

WARNER

$487,000

0.4%

$485,000

3.2%

-2.1%

12 QUEENSLAND MARKET MONITOR

BRISBANE MARKET UPDATES

SALES MARKET - HOUSES (CONT’D) NUMBER OF SALES

SUBURB

MEDIAN SALE

SALES MARKET - UNITS & TOWNHOUSES (CONT’D)

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

NUMBER OF SALES

SUBURB

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

WARNER ^

N/A

$763,000

4.2%

5.4%

LOGAN (LGA)

205

$245,750

-0.7%

$245,000

-2.8%

-10.6%

WOODY POINT ~

$405,500

-7.4%

$430,000

7.0%

1.8%

BEENLEIGH ~

$190,000

N/A

$190,000

3.0%

-20.6%

BORONIA HEIGHTS ~ t

$246,500

N/A

$248,500

10.4%

38.4%

REDLAND (LGA)

528

$489,500

-0.9%

$485,000

3.0%

3.2%

DAISY HILL

N/A

$315,000

7.5%

2.3%

REDLAND (LGA) ^

$929,250

12.5%

$852,250

5.4%

5.2%

EAGLEBY ~

$302,000

31.3%

$217,000

-0.5%

-28.3%

ALEXANDRA HILLS

$451,500

4.8%

$425,000

3.7%

0.0%

EDENS LANDING

N/A

$210,000

1.3%

-16.5%

BIRKDALE

$510,000

-2.9%

$509,000

5.0%

3.7%

HILLCREST

N/A

$229,500

5.4%

-1.7%

CAPALABA

$435,000

-2.3%

$435,000

1.1%

4.9%

KINGSTON

N/A

$280,000

0.0%

-6.7%

CAPALABA ^

N/A

$830,000

0.6%

3.8%

LOGAN CENTRAL

N/A

$184,000

4.0%

-15.9%

CLEVELAND ~

$552,500

-12.3%

$560,000

7.7%

-1.4%

MARSDEN

N/A

$331,000

0.6%

14.1%

MACLEAY ISLAND

$222,000

-3.9%

$230,000

15.0%

-18.2%

MEADOWBROOK

N/A

$255,000

-2.1%

-12.1%

MOUNT COTTON

$476,000

-3.4%

$480,000

0.2%

1.9%

MOUNT WARREN PARK

$208,750

N/A

$213,750

1.8%

-8.7%

ORMISTON

$730,000

5.0%

$674,875

20.5%

-8.0%

ROCHEDALE SOUTH

N/A

$275,750

0.3%

-4.5%

REDLAND BAY

$570,000

11.1%

$520,000

4.0%

1.0%

SHAILER PARK

$271,000

4.2%

$275,000

0.7%

-12.7%

RUSSELL ISLAND ~

$207,500

15.3%

$169,000

-6.1%

-20.4%

SLACKS CREEK

$215,500

-5.1%

$222,250

7.4%

-6.8%

THORNESIDE ~

$573,500

11.8%

$496,250

11.5%

-5.7%

SPRINGWOOD

N/A

$267,750

0.1%

-4.4%

THORNLANDS

$550,000

0.0%

$550,000

6.8%

-4.6%

UNDERWOOD

N/A

$358,750

-5.6%

-6.7%

THORNLANDS ^

N/A

$902,500

12.5%

-7.3%

WATERFORD WEST

N/A

$210,000

11.3%

-6.9%

WOODRIDGE

$203,000

4.6%

$193,000

4.3%

-12.3%

MORETON BAY (LGA)

311

$325,000

-3.0%

$333,000

-0.6%

-1.5%

ALBANY CREEK * t

N/A

$417,000

1.0%

3.3%

VICTORIA POINT

$502,500

-2.4%

$496,000

4.4%

-1.9%

WELLINGTON POINT

$549,500

0.1%

$565,000

3.5%

-2.4%

SURROUNDS LOCKYER VALLEY (LGA)

$243,750

-5.5%

$247,000

0.4%

-10.7%

BELLARA ~

N/A

$270,000

21.4%

-2.4%

LOCKYER VALLEY (LGA) ^

$347,500

-0.6%

$351,000

0.3%

-0.4%

BONGAREE

$325,000

5.3%

$315,000

3.3%

-11.0%

GATTON

$256,500

1.2%

$250,000

-3.9%

-13.6%

BRENDALE ~ t

$270,500

1.9%

$270,000

-16.5%

-6.6%

KENSINGTON GROVE ^

N/A

$355,000

-4.1%

4.2%

BURPENGARY

N/A

$323,500

19.8%

6.1%

LAIDLEY

$235,000

-0.5%

$235,000

5.6%

4 N/A N/A $284,500 (p)-8.5% BRISBANE SURROUNDS HOUSE SALES

LAIDLEY HEIGHTS ^

REGENCY DOWNS ^ ~

9 1508

SEP 15N/A 1483

DEC 15 N/A

$308,000

1.0%

-14.1%

CABOOLTURE ~

N/A

$185,000

-16.4%

-37.2%

-13.6%

CLONTARF ~

N/A

$325,000

-23.5%

-0.6%

-9.0%

DECEPTION BAY ~

$245,000

2.9%

$240,000

4.4%

-27.3%

GRIFFIN

$378,900

N/A

$360,000

1.3%

N/A

SCENIC RIM (LGA)

1265

$340,250

-14.4%

$375,000

4.2%

0.0%

KALLANGUR

$293,000

-5.5%

$300,000

-9.6%

-6.3%

1078 SCENIC RIM (LGA )^

$485,000

-4.4%

$500,000

1.5%

6.1%

KIPPA-RING

N/A

$275,000

1.5%

-17.9%

BEAUDESERT

$305,000

-13.5%

$324,000

-2.4%

LAWNTON ~

$220,000

-0.5%

$225,000

-0.9%

-34.8%

BOONAH

N/A

N/A697

$293,750

13.9%

-2.6%

MANGO HILL

N/A

$365,000

-0.5%

-3.3%

652

KOORALBYN ^

N/A

TAMBORINE ^

$492,500

N/A

$329,500

-3.1%

2.3%

MARGATE

$331,500

N/A

$360,000

-4.0%

0.0%

-5.5%

$511,000

-4.9%

-5.7%

MORAYFIELD

$210,000

N/A

$268,000

9.6%

-15.5%

TAMBORINE MOUNTAIN

$460,000

-7.1%

$453,500

3.1%

-1.9%

MURRUMBA DOWNS

$304,800

-6.0%

$337,000

-1.6%

-3.2%

TAMBORINE MOUNTAIN ^ ~

N/A

$740,000

19.4%

-22.5%

NORTH LAKES ~

$369,000

0.3%

$369,000

2.8%

9.2%

PETRIE

N/A

$332,500

-1.0%

-7.6%

$250,000 $1M+ 0.0%

-7.2%

REDCLIFFE ~

$377,000

6.2%

$371,800

7.8%

-8.3%

SOMERSET<$350k (LGA)

$350K+ 37

$235,000 $500K+ -4.9%

SOMERSET (LGA) ^

$360,000

-2.6%

$364,000

-4.2%

-1.6%

SCARBOROUGH ~

N/A

$405,500

3.3%

-1.1%

FERNVALE

N/A

$335,000

-4.3%

6.1%

STRATHPINE

N/A

$265,000

4.0%

-8.6%

-10.9%

WOODY POINT ~

-6.3%

WOORIM

BRISBANE 4SURROUNDS UNIT SALES (p) -7.5% N/A N/A $216,500

KILCOY LOWOOD

246

235

SEP 15

259 11

DEC 15

$252,500

N/A

$252,500

5.7%

BRISBANE SURROUNDS HOUSE SALES (p) 21

1508

SEP 15$380,000 DEC 15 2.7% 1483

N/A

$353,750

8.9%

-23.5%

N/A

$342,500

-1.9%

15.7%

1265

SALES203 MARKET - UNITS & 203TOWNHOUSES

REDLAND (LGA)1078 ~t

108

$357,000

-8.5%

$394,500

6.9%

11.5%

N/A

$391,000

4.6%

9.4%

-2.9%

BRISBANE (SD)

2,532

$395,500 172

-1.1%

$400,000

0.3%

3.9%

BIRKDALE CAPALABA ~

$335,000

IPSWICH (LGA)

$291,500

-4.7%

$300,000

0.0%

4.2%

CLEVELAND

$353,000 652 -14.9%

N/A N/A 65

$250,000

-7.1%

-14.9%

ORMISTON

$370,000

N/A

$370,000

1.4%

4.2%

$305,900 52

2.0%

37.0%

THORNESIDE

N/A

$320,000

4.9%

8.5%

BRASSALL

N/A

BUNDAMBA

$305,900

GOODNA ~

N/A

$255,000

-17.7%

REDBANK PLAINS ~

N/A

$231,500

4 2.0%

SPRINGFIELD LAKES <$250k

$250K+ 5

N/A $350K+

N/A $500K+$384,900

N/A $1M+

SEP 15

$348,450

2.5%

13.6%

$400,000

-3.6%

4.3%

6.7%

THORNLANDS

N/A

$395,000

-22.6%

VICTORIA POINT

$332,500

N/A

$345,000

N/A

WELLINGTON POINT <$350k

N/A $500K+

$456,900

7 $350K+

N/A

25 -4.2%

-3.8%

0.4% $1M+

24.7%

BRISBANE SURROUNDS UNIT SALES (p)

BRISBANE SURROUNDS LAND SALES (p) 464

697

DEC 15

SEP 15

396

246

235

DEC 15

259

203

203 172

100

111

65 29

<$250k

$250K+

INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND

$350K+

$500K+

4 <$250k

$250K+

$350K+

$500K+

$1M+

INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND

BRISBANE SURROUNDS LAND SALES (p) 464

SEP 15

DEC 15

DECEMBER QUARTER 2015

BRISBANE MARKET UPDATES

SALES MARKET - VACANT LAND NUMBER OF SALES

SUBURB

SALES MARKET - VACANT LAND (CONT’D)

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

NUMBER OF SALES

SUBURB

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

BRISBANE (SD)

706

$224,050

-1.3%

$220,750

1.8%

7.7%

REDLAND (LGA) ~ B

191

$63,000

-16.0%

$245,000

-6.1%

-0.4%

BRISBANE (SD) ^

$319,450

16.2%

$275,000

1.9%

-3.5%

BIRKDALE

N/A

$307,000

-0.7%

3.7%

MACLEAY ISLAND ~

$24,750

N/A

$33,000

6.5%

-36.5%

IPSWICH (LGA)

$177,750

-0.8%

$180,000

0.1%

0.7%

MOUNT COTTON

$260,000

-4.4%

$263,000

-0.8%

2.7%

IPSWICH (LGA) ^

N/A

$258,000

4.5%

0.8%

REDLAND BAY

$300,000

-13.7%

$295,000

6.3%

-1.7%

BELLBIRD PARK

N/A

$222,900

12.0%

-7.1%

RUSSELL ISLAND ~ *

$18,250

1.4%

$18,250

-4.0%

-47.9%

BRASSALL

N/A

$182,000

-1.6%

2.3%

THORNLANDS *

$325,000

5.9%

$300,000

4.7%

5.3%

BROOKWATER

N/A

WELLINGTON POINT

N/A

$400,000

10.3%

21.6%

-1.6%

DEEBING HEIGHTS

N/A

$181,200

8.6%

N/A

KARALEE ^

N/A

$269,000

-0.4%

2.2%

SURROUNDS

LEICHHARDT *

N/A

$147,500

-2.3%

-17.1%

LOCKYER VALLEY (LGA) ~

N/A

$123,000

23.0%

REDBANK PLAINS *

N/A

$154,870

1.2%

-11.5%

LOCKYER VALLEY (LGA) ^ ~

N/A

$135,000

-0.9%

-0.7%

RIPLEY *

$181,000

N/A

$172,000

-0.9%

N/A

KENSINGTON GROVE ^

N/A

$153,450

4.0%

16.3%

SCENIC RIM (LGA)

N/A

$180,900

0.8%

-0.9%

SCENIC RIM (LGA) ^ ~

N/A

$224,000

-5.7%

21.7%

GLENEAGLE

N/A

$182,900

2.2%

SOUTH RIPLEY ~ *

N/A

$175,000

N/A

SPRINGFIELD LAKES ~ *

N/A

$201,000

-0.3%

12.3%

LOGAN (LGA)

146

$193,244

5.1%

$182,567

1.4%

-13.0%

LOGAN (LGA) ^

$279,500

4.1%

$265,700

2.2%

3.2%

BUCCAN ^

N/A

$285,000

-1.7%

N/A

SOMERSET (LGA)

N/A

$144,000

2.1%

11.6%

CORNUBIA

$372,500

3.5%

$360,000

2.1%

61.8%

FERNVALE

N/A

$151,000

3.4%

8.6%

CRESTMEAD

N/A

$207,500

18.6%

1.2%

HOLMVIEW

N/A

$178,150

-1.7%

-17.1%

RENTAL MARKET - 3 BED HOUSES

JIMBOOMBA

N/A

$160,000

-5.8%

-14.8%

JIMBOOMBA ^ *

N/A

$257,500

7.5%

19.2%

POST

LOGAN RESERVE *

$188,000

3.9%

$173,375

8.7%

N/A

CODE

DEC-15 LOCALITYL

$/WEEK

DEC-14

NEW BONDS $/WEEK

NEW BONDS

IPSWICH CITY

$300

735

$300

705

LOGAN VILLAGE

N/A

$255,000

2.4%

4.1%

LOGANLEA *

N/A

$205,000

7.9%

-3.5%

4300

AUGUSTINE HEIGHTS

$346

189

$340

178

COLLINGWOOD PARK

$315

112

$310

MARSDEN

N/A

$210,000

13.5%

7.7%

4301

NEW BEITH ^

N/A

$297,000

5.3%

14.0%

4303

DINMORE

$280

$260

WATERFORD

$200,000

2.8%

$197,000

13.4%

7.9%

4304

BLACKSTONE

$285

$290

YARRABILBA ~ *

$163,445

-4.5%

$167,606

5.1%

N/A

4305

BASIN POCKET

$285

252

$285

271

4306

AMBERLEY

$335

$320

4340

ASHWELL

$290

LOGAN CITY

$345

926

$340

831

4114

KINGSTON

$320

157

$315

138

4118

BROWNS PLAINS

$350

112

$345

4119

UNDERWOOD

$380

$360

4123

PRIESTS GULLY

$390

4124

BORONIA HEIGHTS

$340

4127

CHATSWOOD HILLS

$370

$365

4128

KIMBERLEY PARK

$380

$370

4129

LOGANDALE

$360

$365

4130

CARBROOK

$400

$380

4131

LOGANLEA

$340

4132

CRESTMEAD

$330

4133

CHAMBERS FLAT

$360

$340

4205

BETHANIA

$340

$320

4207

ALBERTON

$335

167

$330

191

4280

JIMBOOMBA

$395

$380

MORETON BAY REGIONAL

$350

989

$340

1056

4019

CLONTARF

$360

$350

4020

NEWPORT

$360

4021

KIPPA-RING

$350

4022

ROTHWELL

$380

$350

4035

ALBANY CREEK

$395

$410

4055

BUNYA

$430

$400

4500

BRAY PARK

$370

$360

4501

LAWNTON

$350

$340

4502

FRENCHS FOREST

$350

4503

DAKABIN

$350

103

$350

4504

NARANGBA

$350

$340

4505

BURPENGARY

$330

$340

4506

MOORINA

$315

$300

4507

BANKSIA BEACH

$350

$330

MORETON BAY (LGA)

121

$228,000

-1.7%

$230,000

4.6%

12.7%

MORETON BAY (LGA) ^

N/A

$287,250

6.4%

-15.5%

BANKSIA BEACH

N/A

$423,000

4.4%

-3.9%

BURPENGARY *

N/A

$220,950

2.3%

N/A

CABOOLTURE

$189,000

1.6%

$185,500

6.0%

-4.9%

CABOOLTURE ^

N/A

$265,000

3.9%

-1.9%

DAKABIN

N/A

$225,000

6.6%

7.2%

GRIFFIN *

$247,500

-0.6%

$245,500

11.8%

19.0%

KALLANGUR *

N/A

$235,000

6.8%

14.6%

MANGO HILL

N/A

$255,000

10.9%

13.4%

MORAYFIELD

N/A

$185,000

5.7%

-5.1%

NARANGBA

$212,900

3.1%

$210,450

2.5%

-6.5%

NORTH LAKES *

$275,550

-7.6%

$275,180

14.6%

32.1%

WARNER

N/A

$249,900

7.3%

7.7%

BRISBANE SURROUNDS HOUSE SALES (p) 1508

SEP 15 1483

DEC 15

1265 1078

652

697

29 <$350k

$350K+

$500K+

$1M+

INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND

BRISBANE SURROUNDS UNIT SALES (p) SEP 15 14 QUEENSLAND MARKET MONITOR 246

259

DEC 15

BRISBANE MARKET UPDATES

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

RENTAL MARKET - 3 BED TOWNHOUSES

DEC-15 $/WEEK

DEC-14

NEW BONDS $/WEEK

NEW BONDS

CODE

LOCALITYL

4508

DECEPTION BAY

$320

$300

107

4509

MANGO HILL

$385

$380

4510

BALINGOOL

$300

130

$290

4511

GODWIN BEACH

$350

4514

BELLTHORPE

$330

4516

ELIMBAH

4520 4521

POST CODE

DEC-15 $/WEEK

LOCALITYL

DEC-14

NEW BONDS $/WEEK

NEW BONDS

IPSWICH CITY

$315

154

$310

144

4300

AUGUSTINE HEIGHTS

$370

$330

164

4301

COLLINGWOOD PARK

$320

$310

$325

4304

BLACKSTONE

$300

$305

$300

4305

BASIN POCKET

$300

$350

N.A.

LOGAN CITY

$340

393

$335

381

ARMSTRONG CREEK

$500

$450

4114

KINGSTON

$315

$325

CAMPBELLS POCKET

$355

$310

4118

BROWNS PLAINS

$350

REDLAND CITY

$390

298

$390

316

4127

CHATSWOOD HILLS

$330

$315

4157

CAPALABA

$382

$395

4128

KIMBERLEY PARK

$340

$330

4158

THORNESIDE

$400

$360

4131

LOGANLEA

$350

$341

4159

AQUATIC PARADISE

$400

$415

4133

CHAMBERS FLAT

$325

$310

4160

EROBIN

$380

$415

4207

ALBERTON

$320

4161

ALEXANDRA HILLS

$395

MORETON BAY REGIONAL

$340

583

$340

594

4163

CLEVELAND

$400

$415

4500

BRAY PARK

$340

$350

4164

PINKLANDS

$420

$440

4501

LAWNTON

$345

$310

4165

MOUNT COTTON

$400

$395

4503

DAKABIN

$345

157

$340

160

4183

AMITY

$370

N.A.

4505

BURPENGARY

$315

$300

4184

COOCHIEMUDLO ISLAND

$250

4507

BANKSIA BEACH

$320

LOCKYER VALLEY REGIONAL

$295

$290

4508

DECEPTION BAY

$315

$310

4341

BLENHEIM

$280

4510

BALINGOOL

$290

$285

4342

CROWLEY VALE

$300

$295

REDLAND CITY

$400

178

$390

4343

ADARE

$300

$290

4157

CAPALABA

$380

$344

SOMERSET REGIONAL

$265

4158

THORNESIDE

$380

$375

4311

ATKINSONS DAM

$285

$275

4159

AQUATIC PARADISE

$400

$420

4312

BRYDEN

$250

$225

4163

CLEVELAND

$415

$400

4313

BIARRA

$250

N.A.

4515

GLENFERN

$275

$285

RENTAL MARKET - 2 BED UNITS IPSWICH CITY

$260

206

$255

140

4300

AUGUSTINE HEIGHTS

$270

$260

4301

COLLINGWOOD PARK

$270

$265

4304

BLACKSTONE

$255

$260

4305

BASIN POCKET

$250

4306

AMBERLEY

$265

$230

LOGAN CITY

$270

181

$260

188

4114

KINGSTON

$260

$250

4123

PRIESTS GULLY

$295

N.A.

4127

CHATSWOOD HILLS

$280

$300

4128

KIMBERLEY PARK

$310

$280

4131

LOGANLEA

$280

$265

4132

CRESTMEAD

$290

N.A.

4133

CHAMBERS FLAT

$290

$260

4207

ALBERTON

$260

MORETON BAY REGIONAL

$280

452

$280

479

4019

CLONTARF

$270

$265

4020

NEWPORT

$310

$300

100

4021

KIPPA-RING

$280

$270

4500

BRAY PARK

$290

4501

LAWNTON

$290

$275

4503

DAKABIN

$280

4505

BURPENGARY

$265

$270

4506

MOORINA

$260

4507

BANKSIA BEACH

$280

$260

4508

DECEPTION BAY

$290

$295

4509

MANGO HILL

$325

$300

4510

BALINGOOL

$260

104

$260

REDLAND CITY

$340

4157

CAPALABA

$345

$330

4163

CLEVELAND

$340

$375

LOCKYER VALLEY REGIONAL

$218

$240

ADARE

$235

$240

SOMERSET REGIONAL

$215

N.A.

4343

Moreton Bay continues to hold the title as the strongest performing house market in Greater Brisbane, with just 72 days on market for houses and just 5.2 per cent vendor discounting. It is also the busiest, with 1326 sales. DECEMBER QUARTER 2015

REGIONAL MARKET UPDATES

GOLD COAST

GOLD COAST HOUSE SALES (p) SEP 15

DEC 15 776

The Gold Coast market is thriving under the weight of myriad construction projects as the city readies for the 2018 Commonwealth Games.

759

567 449

The busy tourist mecca has the GFC-lull fixed firmly in the rear vision mirror and the crisis is becoming a distant memory. Workers are returning to the area thanks to the billions of dollars in construction jobs and projects on the horizon. The challenge for local governments in this area is to keep up with population growth and put enough infrastructure in place to support the growth. Roads, water and sewer lines are all under strain as a significant proportion of the state’s net migration flows to the southeast corner. Development continues at a steady pace along the Brisbane to Gold Coast corridor and significant levels of infill development are taking place. As roads are upgraded there will be considerable growth in the commuter market as people opt to live on the Gold Coast and work in Brisbane, or perhaps at a range of satellite points. The lower Aussie dollar has also helped drive tourism to this market and the local economy is strong. HOUSE MARKET

The Gold Coast median sale price has edged up by a wafer thin 0.4 per cent to $552,250, and this figure is up 6.4 per cent on a year ago and up 7.5 per cent on five years ago. The fringe suburbs have shown solid activity as people look to more affordable parts of the city to live in and the most active price points have been the $350,000 $500,000 and the $500,000 - $1 million brackets. Market sentiment is optimistic and areas of growth, such as the Southport PDA are exciting areas of change for locals and tourists. The median house price has remained steady at $552,250 and days on market have shortened by one day, compared with this time last year. Similarly vendor discounting has diminished, from 6.1 per cent last year to just 5.4 per cent this year – almost the smallest levels in the state.

16 QUEENSLAND MARKET MONITOR

139 44

120

<$350k

UNIT MARKET

$350K+

$500K+

$1M+

GOLD COAST UNIT SALES (p) SEP 15

DEC 15

678

The unit market on the Gold Coast is one of the busiest 555 556 unit markets in the578state and the December quarter was no exception, although sales volumes were down on 419 usual levels. 337 265 A small level of growth, 2.6 per cent, gave the median 216 sale price a lift from $365,000 to $374,500. 55

Local agents report high levels of self-funded retirees moving choosing apartments along <$250kto the glitter $250K+ strip, $350K+ $500K+ $1M+ the ocean front coastline. RENTAL MARKET GOLD COAST LAND SALES (p) SEP 15

111

DEC 15

The tight 98vacancy rate has resulted in a small upward movement in median rents on the Gold Coast in the three-bed townhouse market, however, the rest of the market remained steady and it is unlikely that we’ll see much movement in coming quarters. 36

The existing level of stock on the market is still being 28 15 absorbed and there is a good balance of supply 14 and 13 10 demand at work. <$250k $350K+ $500K+ The net migration to$250K+ the Gold Coast over the next 12 months will take up the residual rental properties and a steady stream of new stock will come online over the next 24 months.

The gross rental yield for houses is steady at 4.2 per cent and slightly down for units at 5.3 per cent – but this is still among the highest in the state. The rental market on the Gold Coast is likely to get very busy over the next 18 months as the city gets closer to hosting the Commonwealth Games and it will be interesting to see the population trend over the next two years and its impact on the city’s housing stock.

REGIONAL MARKET UPDATES

SALES MARKET - HOUSES SUBURB

NUMBER OF SALES

SALES MARKET - UNITS & TOWNHOUSES MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

NUMBER OF SALES

SUBURB

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

GOLD COAST (LGA)

1,410

$552,250

0.4%

$542,750

6.4%

7.5%

GOLD COAST (LGA)

1,913

$374,500

2.6%

$369,000

1.1%

-2.9%

GOLD COAST (LGA) ^

148

$728,000

-1.6%

$725,000

5.5%

2.1%

ARUNDEL

$305,000

-5.3%

$317,500

2.4%

-2.3%

ARUNDEL

$506,000

-8.0%

$523,500

4.7%

6.4%

ASHMORE

$330,000

10.4%

$309,500

9.0%

0.6%

ASHMORE

$562,000

12.4%

$513,500

2.7%

6.6%

BENOWA * t

$425,000

-24.1%

$543,750

-16.1%

0.7%

BENOWA

$766,500

-2.4%

$770,000

2.6%

1.8%

BIGGERA WATERS ~

$347,000

-3.6%

$375,000

-8.1%

-0.4%

BIGGERA WATERS

$569,000

N/A

$627,500

7.3%

2.6%

BILINGA ~

$550,000

16.4%

$492,000

21.6%

-5.6%

BONOGIN ^

$665,000

-4.3%

$665,000

10.8%

-6.5%

BROADBEACH

$490,000

14.2%

$443,500

-1.4%

-9.5%

BROADBEACH WATERS

$925,000

8.2%

$835,000

-0.7%

5.1%

BROADBEACH WATERS

N/A

$432,500

18.5%

6.9%

BUNDALL

$1,037,500

18.6%

$885,000

14.9%

-20.0%

BUNDALL

N/A

$325,900

-2.7%

-6.9%

BURLEIGH HEADS

$660,000

-3.3%

$660,000

8.2%

5.2%

BURLEIGH HEADS

$375,000

-13.8%

$413,750

5.8%

1.5%

BURLEIGH WATERS

$646,000

-7.4%

$672,500

13.0%

5.3%

BURLEIGH WATERS

$370,000

4.7%

$370,000

7.3%

3.5%

CARRARA

$480,500

-2.4%

$482,500

2.4%

9.5%

CARRARA ~ t

$355,500

-17.3%

$424,000

-1.4%

CLEAR ISLAND WATERS

N/A

$960,500

14.4%

11.9%

CLEAR ISLAND WATERS ~ f

$370,000

-9.8%

$452,500

7.7%

-2.7%

COOLANGATTA

N/A

$762,000

24.8%

-4.4%

COOLANGATTA

$482,500

14.9%

$457,500

14.4%

-10.3%

COOMBABAH

$437,500

1.2%

$435,000

4.2%

-5.1%

COOMBABAH

$338,750

5.0%

$330,000

0.0%

-3.9%

COOMERA ~ f

$400,000

-8.2%

$439,000

16.1%

-4.7%

COOMERA ~ f

$455,000

27.2%

$362,900

4.2%

8.3%

CURRUMBIN ~ f

$722,000

N/A

$763,000

-16.4%

63.0%

CURRUMBIN

$395,250

-7.3%

$411,500

-5.6%

1.5%

CURRUMBIN VALLEY ^

N/A

$857,500

9.2%

4.3%

CURRUMBIN WATERS

$316,000

-2.4%

$330,000

6.5%

-1.5%

CURRUMBIN WATERS

$575,000

-7.3%

$570,000

10.7%

5.1%

ELANORA

$420,000

15.1%

$333,750

11.3%

-0.4%

ELANORA

$565,500

0.1%

$560,000

6.6%

-1.6%

HELENSVALE ~ t

$358,000

-24.2%

$417,544

11.9%

1.8%

GILSTON

N/A

$528,500

9.0%

-4.0%

HIGHLAND PARK ~ t

N/A

$293,500

15.3%

2.8%

HELENSVALE

$565,000

4.4%

$537,000

9.6%

1.0%

HOLLYWELL ~

N/A

$599,000

-4.5%

-35.6%

HIGHLAND PARK

$482,500

7.5%

$450,000

8.4%

-7.4%

HOPE ISLAND * f

$545,000

-9.8%

$550,000

12.2%

24.3%

HOLLYWELL

N/A

$642,500

18.4%

-6.4%

LABRADOR

120

$334,000

6.9%

$323,900

-5.3%

-0.3%

HOPE ISLAND ~ f

$620,000

6.0%

$600,000

15.4%

-4.6%

MAIN BEACH

$750,000

17.2%

$640,000

11.5%

-3.4%

JACOBS WELL

N/A

$400,000

-1.2%

-2.2%

MERMAID BEACH

$335,000

-6.9%

$353,750

-0.4%

-8.4%

LABRADOR

$480,000

3.2%

$471,000

6.9%

3.6%

MERMAID WATERS

$360,000

-4.6%

$359,500

15.2%

10.4%

LOWER BEECHMONT

N/A

$355,000

-6.6%

-2.7%

MERRIMAC

$342,500

-4.9%

$340,000

-1.5%

-18.2%

MAUDSLAND

N/A

$463,750

0.4%

1.4%

MIAMI

$416,000

0.2%

$402,500

10.3%

8.8%

MERMAID BEACH

$1,150,000

-13.5%

$1,218,125

36.9%

-36.4%

MUDGEERABA

$335,000

9.8%

$330,000

3.1%

-2.9%

MERMAID WATERS ~ f

$760,000

-6.9%

$755,000

9.8%

5.9%

NERANG

$310,000

9.0%

$300,000

5.3%

-1.6%

MERRIMAC

$450,000

-2.1%

$468,250

9.8%

2.8%

ORMEAU

$370,000

3.2%

$356,625

8.4%

-3.6%

MIAMI

$609,250

-10.4%

$622,500

7.3%

4.0%

OXENFORD

$305,750

7.3%

$287,000

-1.0%

-0.9%

MOLENDINAR

$580,000

2.1%

$550,000

7.8%

1.6%

PACIFIC PINES

$327,500

-9.0%

$345,000

-2.8%

-10.4%

MUDGEERABA

$504,999

3.6%

$500,000

2.8%

2.4%

PALM BEACH

$355,000

2.6%

$345,000

-3.5%

-6.8%

MUDGEERABA ^

$715,000

-0.7%

$700,000

11.1%

-13.7%

PARADISE POINT ~ f

$572,500

4.1%

$617,500

7.4%

17.1%

NERANG

$422,000

5.5%

$401,000

5.8%

-0.3%

PARKWOOD

8.5%

2.7%

NERANG ^

N/A

$775,000

7.6%

-4.6%

PIMPAMA

$385,000

13.7%

$352,000

3.5%

-3.8%

ORMEAU

$440,000

-1.8%

$433,000

0.7%

-3.4%

REEDY CREEK

$306,000

ORMEAU HILLS

$477,500

-2.1%

$485,000

9.2%

-12.4%

ROBINA

$385,000

GOLD COAST HOUSE N/A SALES $320,000 (p) 5 N/A SEP 15

OXENFORD

$470,250

-0.3%

$465,500

7.0%

-5.4%

RUNAWAY BAY

PACIFIC PINES

$490,000

5.0%

$480,000

3.2%

0.0%

SOUTHPORT

567

DEC 15 776

759

0.0%

$305,000

5.2%

-3.2%

-8.7%

$420,000

-3.5%

-8.7%

$504,750

-5.7%

$449,000

12.3%

21.4%

164 449

$345,000

-1.4%

$344,000

4.2%

-0.9%

PALM BEACH

$651,000

-2.7%

$652,000

13.4%

2.7%

SURFERS PARADISE

302

$346,000

0.3%

$346,500

1.9%

-10.2%

PARADISE POINT ~ f

$1,080,000

N/A

$977,500

17.1%

0.3%

TUGUN

$377,500

-4.4%

$372,000

-2.8%

-13.1%

PARKWOOD

$545,000

3.3%

$535,000

5.9%

2.5%

UPPER COOMERA

$360,000

14.1%

$325,000

PIMPAMA ~

$430,000

2.0%

$430,000

5.9%

1.5%

VARSITY LAKES

$409,000

4.9%

$399,000

REEDY CREEK

$780,000

17.3%

$671,200

8.1%

-7.5%

ROBINA ~

$610,000

-3.2%

$600,000

13.2%

-2.8%

RUNAWAY BAY

$945,000

2.5%

$890,000

7.2%

10.3%

SOUTHPORT

$550,000

7.5%

$511,000

8.0%

0.9%

SURFERS PARADISE

$1,325,000

14.7%

$1,225,000

7.6%

-12.4%

TALLAI ^ ~

$866,500

1.9%

$840,000

14.3%

-2.6%

TALLEBUDGERA ^ ~

$845,000

12.3%

$786,500

14.3%

-10.3%

TALLEBUDGERA VALLEY ^

N/A

$760,000

0.0%

4.8%

TUGUN

$610,000

21.4%

$515,000

5.9%

9.3%

UPPER COOMERA

$439,000

2.1%

$432,500

5.8%

-2.6%

VARSITY LAKES

$549,000

4.1%

$549,500

9.9%

2.0%

WONGAWALLAN ^

N/A

$613,000

-10.9%

N/A

WORONGARY

N/A

$423,000

3.4%

1.0%

WORONGARY ^

$762,500

N/A

$716,500

5.8%

-6.6%

139

6.6%

-7.5%

2.3%120

0.3%

<$350k

$350K+

$500K+

$1M+

GOLD COAST UNIT SALES (p) SEP 15

DEC 15

678 578

555 556 419 337

265

216

55 <$250k

$250K+

$350K+

$500K+

$1M+

GOLD COAST LAND SALES (p) SEP 15

111

DEC 15

DECEMBER QUARTER 2015 36

REGIONAL MARKET UPDATES

RENTAL MARKET - 2 BED UNITS

SALES MARKET - VACANT LAND

POST NUMBER OF SALES

SUBURB

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

GOLD COAST (LGA)

151

$240,000

0.0%

$239,000

3.9%

0.8%

GOLD COAST (LGA) ^

N/A

$407,000

13.1%

-1.9%

COOMERA

$264,900

8.1%

$240,000

4.4%

11.6%

ELANORA

N/A

$318,000

0.2%

N/A

GILSTON

N/A

$261,000

0.8%

5.5%

HELENSVALE

N/A

$540,000

10.2%

1.5%

HOPE ISLAND ~ f

N/A

MAUDSLAND

N/A

$226,500

N/A

-9.8%

ORMEAU

N/A

$235,000

4.8%

-12.3%

ORMEAU HILLS

N/A

$215,300

0.1%

-3.6%

PACIFIC PINES

N/A

$225,200

N/A

-4.0%

PIMPAMA *

$239,975

0.0%

$235,000

5.9%

8.8%

REEDY CREEK

N/A

$349,500

9.2%

3.1%

UPPER COOMERA *

$233,573

-1.8%

$239,500

4.6%

1.1%

WILLOW VALE

N/A

$216,900

4.3%

N/A

POST

DEC-15 $/WEEK

LOCALITYL

NEW BONDS

GOLD COAST CITY

$450

909

$440

942

4208

ORMEAU

$400

$370

4209

COOMERA

$390

111

$390

104

4210

OXENFORD

$395

4211

PACIFIC PINES

$425

$410

103

4212

HELENSVALE

$475

$500

4213

MUDGEERABA

$450

4214

ARUNDEL

$435

$430

4215

SOUTHPORT

4216

PARADISE POINT

$440 112 GOLD COAST HOUSE SALES (p)$410 776

113

$400

4217

SURFERS PARADISE

$595

36 759

$550

4218

BROADBEACH

$580

$535

4220

BURLEIGH HEADS

$550

$495

4221

PALM BEACH

$530

$480

4223

CURRUMBIN

$480

$420

4224

TUGUN

$460

$450

4225

COOLANGATTA

$440

$400

4226

CLEAR ISLAND WATERS

$480

$480139

$480

$460

$350

108

$300

4227

567 449

LAKES 44VARSITY 28 SCENIC RIM REGIONAL

4270

<$350k TAMBORINE

4272 4275 4285

ALLENVIEW

4309

ARATULA

4310

ALLANDALE

$350K+

NEW BONDS

$380

2253

$370

2325

4209

COOMERA

$248

$305

4210

OXENFORD

$320

$300

4211

PACIFIC PINES

$320

4212

HELENSVALE

$400

$390

4214

ARUNDEL

$310

$320

4215

SOUTHPORT

$360

535

$350

562

4216

PARADISE POINT

$390

230

$360

215

4217

SURFERS PARADISE

$425

474

$410

502

4218

BROADBEACH

$385

271

$360

327

4220

BURLEIGH HEADS

$410

185

$375

168

4221

PALM BEACH

$350

121

$340

124

4223

CURRUMBIN

$370

$380

4224

TUGUN

$360

$350

4225

COOLANGATTA

$370

$345

4226

CLEAR ISLAND WATERS

$420

$415

4227

VARSITY LAKES

$400

SCENIC RIM REGIONAL

$220

ALLENVIEW

$220

$210

RENTAL MARKET - 3 BED TOWNHOUSES GOLD COAST CITY

$410

1056

$395

1064

4209

COOMERA

$370

145

$355

152

4210

OXENFORD

$370

$360

4211

PACIFIC PINES

$390

173

$370

185

4214

ARUNDEL

$385

$375

4215

SOUTHPORT

$400

113

$410

110

4216

PARADISE POINT

$420

$375

4217

SURFERS PARADISE

$470

$460

4218

BROADBEACH

$495

$465

4220

BURLEIGH HEADS

$530

$460

4221

PALM BEACH

$450

$390

4226

CLEAR ISLAND WATERS

$480

169

$455

172

4227

VARSITY LAKES

$465

$420

110 $450 $1M+ 6

$500K+ 6

MOUNT TAMBORINE

$425

$370

BENOBBLE

$420

N.A.

$300 DEC 15 34

$300

$280

$250

$280

$270

GOLD COAST UNIT SALES (p) SEP 15

578

DEC-14

NEW BONDS $/WEEK

66 120

$450

678

$/WEEK

DEC-14

NEW BONDS $/WEEK

SEP 15 $460 DEC 15

DEC-15 LOCALITYL

GOLD COAST CITY

4285

RENTAL MARKET - 3 BED HOUSES CODE

CODE

555 556 419 337

265

216 99

55 <$250k

$250K+

$350K+

$500K+

$1M+

GOLD COAST LAND SALES (p) SEP 15

111

DEC 15

36 28 13

<$250k

$250K+

18 QUEENSLAND MARKET MONITOR

$350K+

$500K+

The rental market on the Gold Coast is likely to get very busy over the next 18 months as the city gets closer to hosting the Commonwealth Games.

<$350k

TOOWOOMBA The Toowoomba real estate market is performing strongly and is part of the so-called “golden triangle” of southeast Queensland. Major infrastructure projects, including the Second Range Crossing and the Warrego Highway upgrade, have created jobs and this has led to demand for housing. While 2015 was a year of solid growth in the Toowoomba real estate market, the March and June quarters were subdued. The September quarter was a period of recovery and as construction projects commenced and cranes began to dot the skyline, confidence in the real estate market returned. December was a strong finish and the new house price is 3.7 per cent higher than a year ago and 19.5 per cent higher than five years ago. In addition, Wellcamp Airport has recently added weekly passenger services to Melbourne and Cairns, which will sit alongside its existing services to Sydney, launched a year ago. These services will help bring visitors to the area and further boost the local economy.

TOOWOOMBA UNIT SALES (p) SEP 15 DEC 15 TOOWOOMBA HOUSE SALES (p) 60

233

UNIT MARKET

The unit market softened slightly in the December quarter as existing levels of stock continued to be absorbed, reflecting a statewide trend. The median sale price for units slipped marginally, by 2.1 per cent, and volume was also down, going from 116 transactions last quarter to 72 transactions this quarter. Average days on market and average vendor discounting was consistent with previous quarters and remain among the best market conditions in the state. At 87 days on market, on average, Toowoomba has the fastest selling apartment market in the state, except for Brisbane. Even the Gold Coast, where apartments sell consistently strongly, is slower, at 91 days on market in the December quarter.

DEC 15

200 181 34

31 19

16 59

60 1

<$250k

$250K+

$350K+

<$350k

$500K+

$350K+

$500K+

TOOWOOMBAHOUSE LAND SALES TOOWOOMBA SALES(p) (p) SEP 15 DEC 15 TOOWOOMBA SEP 15 UNIT DEC 15 SALES (p)

54 233

SEP 15

50 218 60

DEC 15

200 181

31 19

18 4

<$250k <$350k <$250k

3 $250K+ $350K+

$250K+

59 16 1

1 $350K+ $500K+ $500K+

$350K+

TOOWOOMBA UNIT SALES (p) TOOWOOMBA SALES (p) SEP 15LAND DEC 15 SEP 15

DEC 15

Apart from Brisbane, Toowoomba has the fastest days on market in the state, at 67, although this has eased from 63 this time last year. Vendor discounting eased out slightly from 4.5 per cent 12 months ago, to 5.6 per cent. The December quarter has continued that growth trajectory and even though the quarterly median growth has only been 0.3 per cent, the growth on the five-year trend was a very healthy 19.5 per cent.

SEP 15

218

HOUSE MARKET

The median house price grew marginally, to $352,500, even though sales volumes eased and the new higher median price is largely due to increased activity in the upper price bands – 96 transactions this quarter compared with 59 last quarter in the $500,000-plus bracket.

REGIONAL $500K+ MARKET UPDATES

$350K+

16 7

4 <$250k <$250k

$250K+

3 $250K+

1 $350K+

$500K+ $350K+

TOOWOOMBA LAND SALES (p) RENTAL MARKET SEP 15 DEC 15 54

50 The rental market remains healthy, with a vacancy rate of 3.2 per cent. This eased slightly, up from 2.7 per cent, but still within the healthy range.

Gross rental yields are steady, with investors reaping 4.4 per cent for houses and 4.2 per cent for units – the same as the previous quarter and much the same as it has been all year. 4 3 1

Average <$250k rentals have similarly held steady, at$350K+ $300 for $250K+ houses (the same as the September quarter), and $245 for two-bed units (down slightly on the previous quarter) and $315 for a three-bed townhouse, which is up slightly on the September data. Infrastructure projects will continue to attract new tenants to the area and investors will benefit from these long-term projects with a steady stream of new renters.

DECEMBER QUARTER 2015

REGIONAL MARKET UPDATES

SALES MARKET - VACANT LAND

SALES MARKET - HOUSES SUBURB

NUMBER OF SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

NUMBER OF SALES

SUBURB

MEDIAN SALE

ANNUAL MEDIAN SALE

QTRLY CHANGE

1YR 5YR CHANGE CHANGE

TOOWOOMBA (LGA)

470

$352,500

0.3%

$352,500

3.7%

19.5%

TOOWOOMBA (LGA) ~ *

$175,000

-3.9%

$174,000

7.8%

TOOWOOMBA (LGA) ^

$468,000

-3.9%

$500,000

1.8%

14.9%

TOOWOOMBA (LGA) ^

N/A

$190,000

3.3%

25.2% 22.6%

CENTENARY HEIGHTS

$375,000

2.2%

$365,000

2.8%

21.6%

CRANLEY

N/A

$170,450

6.6%

N/A

CROWS NEST

$267,000

N/A

$250,000

-2.2%

9.9%

GLENVALE*

N/A

$175,000

1.7%

23.7%

DARLING HEIGHTS

$366,500

7.8%

$349,000

2.1%

12.1%

KEARNEYS SPRING *

N/A

$189,250

N/A

18.3%

EAST TOOWOOMBA

$490,000

15.8%

$445,000

3.5%

16.6%

KLEINTON

$184,500

-2.1%

$184,500

1.1%

26.4%

GLENVALE

$370,000

4.4%

$370,000

-0.2%

14.1%

MIDDLE RIDGE *

N/A

$248,000

-15.0%

22.8%

GLENVALE ^

N/A

$510,000

-11.4%

26.1%

WESTBROOK

N/A

$167,500

4.9%

33.5%

HARLAXTON

$265,000

-13.3%

$279,000

-0.4%

14.1%

WYREEMA *

N/A

$155,000

5.4%

N/A

$85,500

3.6%

-5.0%

HARRISTOWN

$326,000

-2.3%

$320,000

2.6%

20.5%

HIGHFIELDS

$462,000

N/A

$460,000

-7.8%

18.1%

SURROUNDS

HIGHFIELDS ^

$551,000

1.6%

$525,000

-0.9%

22.1%

SOUTHERN DOWNS (LGA) ~

KEARNEYS SPRING

$380,000

7.7%

$364,900

-2.0%

16.4%

KINGSTHORPE

N/A

$313,000

5.4%

17.6%

KLEINTON

N/A

$515,500

5.2%

N/A

RENTAL MARKET - 3 BED HOUSES

MERINGANDAN WEST ^ ~

N/A

$405,000

7.7%

15.3%

POST

MIDDLE RIDGE

$468,500

-7.7%

$489,000

-2.2%

13.6%

CODE

DEC-15 LOCALITYL

$/WEEK

DEC-14

NEW BONDS $/WEEK

NEW BONDS

TOOWOOMBA REGIONAL

$300

551

$310

619

MOUNT LOFTY

$535,000

10.5%

$481,500

16.0%

24.6%

NEWTOWN

$305,000

-0.3%

$315,000

5.0%

15.4%

4350

KEARNEYS SPRING

$300

455

$315

483

NORTH TOOWOOMBA

$290,000

-3.3%

$316,000

1.9%

19.2%

4352

AMIENS

$370

$335

ANDURAMBA

$265

$275

OAKEY

N/A

$237,250

7.8%

-4.6%

4355

PITTSWORTH

N/A

$285,000

2.2%

0.4%

4356

PITTSWORTH

$285

$290

BRINGALILY

$220

$250

RANGEVILLE

$430,000

6.6%

$435,500

6.1%

9.5%

4357

ROCKVILLE

$250,000

-12.7%

$272,000

-7.0%

13.6%

4359

ASCOT

$285

$250

SOUTH TOOWOOMBA

$315,000

-10.0%

$331,250

1.5%

18.7%

4361

BACK PLAINS

$260

$230

4401

ACLAND

$270

$280

GOONDIWINDI REGIONAL

$265

BRUSH CREEK

$200

$210

BILLA BILLA

$290

$285

SOUTHERN DOWNS REGIONAL

$265

163

$260

130

4370

WARWICK

$255

$260

SURROUNDS

4373

KILLARNEY

$255

N.A.

GOONDIWINDI (LGA) ~

$232,500

19.2%

$240,000

-1.6%

-4.0%

4380

STANTHORPE

$325

$280

GOONDIWINDI

$338,000

N/A

$280,000

0.0%

3.7%

WESTERN DOWNS REGIONAL

$215

123

$260

172

4405

BLAXLAND

$230

$260

BAKING BOARD

$200

$275

MILES

$180

$270

TOOWOOMBA CITY ~

N/A

$364,000

10.3%

23.6%

WESTBROOK

$442,000

-2.9%

$445,500

1.0%

11.6%

WILSONTON

$292,500

-16.4%

$315,000

0.0%

14.5%

4387

WILSONTON HEIGHTS

N/A

$288,750

-0.4%

16.0%

4390

WYREEMA

N/A

$322,500

-7.1%

21.8%

SOUTHERN DOWNS (LGA) ~

$244,000

0.6%

$230,000

-4.2%

-5.0%

4413

SOUTHERN DOWNS (LGA) ^ ~

$324,000

-7.4%

$350,000

6.1%

8.5%

4415

STANTHORPE

$245,750

0.3%

$229,500

-4.0%

-4.2%

WARWICK

$249,000

6.4%

$235,000

-6.0%

2.0%

WESTERN DOWNS (LGA) ~

$189,000

-23.9%

$243,500

-2.6%

-8.1%

WESTERN DOWNS (LGA) ^ ~

$370,000

N/A

$330,000

-6.8%

-7.0%

CHINCHILLA

N/A

$299,500

-9.9%

12.1%

DALBY

$250,000

17.7%

$250,000

3.6%

-9.5%

DALBY ^

$438,000

N/A

$417,500

0.0%

-1.6%

RENTAL MARKET - 2 BED UNITS TOOWOOMBA REGIONAL

$245

385

$250

337

4350

KEARNEYS SPRING

$250

359

$252

317

4352

AMIENS

$280

N.A.

4401

ACLAND

$205

$215

4614

NEUMGNA

$130

N/A

GOONDIWINDI REGIONAL

$190

$200

BILLA BILLA

$190

$200

SOUTHERN DOWNS REGIONAL

$200

$204

4370

WARWICK

$200

$214

4380

STANTHORPE

$230

$180

WESTERN DOWNS REGIONAL

$165

$220

4405

BLAXLAND

$190

$200

4413

BAKING BOARD

$150

$240

4390

SALES MARKET - UNITS & TOWNHOUSES TOOWOOMBA (LGA) ~ t

$303,500

-2.1%

$305,000

3.4%

25.9%

CENTENARY HEIGHTS ~

N/A

$329,500

23.4%

19.8%

EAST TOOWOOMBA ~

N/A

$359,000

8.5%

30.5%

HARRISTOWN

N/A

$205,000

-15.8%

-14.7%

HIGHFIELDS

N/A

$322,500

4.4%

-9.2%

KEARNEYS SPRING

N/A

$305,000

4.0%

22.0%

NEWTOWN

N/A

$254,500

-11.0%

15.7%

RANGEVILLE

N/A

$345,000

-2.8%

16.0%

SOUTH TOOWOOMBA ~

N/A

$310,750

0.9%

31.7%

WILSONTON

N/A

$245,000

-14.0%

18.1%

20 QUEENSLAND MARKET MONITOR

RENTAL MARKET - 3 BED TOWNHOUSES 4350

TOOWOOMBA REGIONAL

$315

$300

KEARNEYS SPRING

$315

$300

WESTERN DOWNS REGIONAL

$200

$350

42 42 <$350k <$350k

SUNSHINE COAST

$500K+REGIONAL $500K+

$350K+ $350K+

39 39

$1M+ UPDATES $1M+ MARKET

SUNSHINE COAST UNIT SALES (p) SEP 15 15 SEP 217 217

220 220

The December quarter was a steady end to the year for the Sunshine Coast, with market conditions largely holding steady.

As reported last quarter, investor numbers remain subdued. As the tight rental market continues and yields remain steady, we would not be surprised to see investors coming into the market in greater numbers. Net migration to the Sunshine Coast continues to grow and residents moving here from interstate and overseas bring a positive forecast for 2016. In addition, once the airport expansion is complete, visitor numbers to the area should lift. Local agents are reporting some clients and potential clients are speculating that prices may cool, however, this seems unlikely given commencement of infrastructure projects, net migration rates and the generally high level of confidence in the market.

166 166

165 165

137 137 100 100 76 76

The affordable end of the market enjoyed a buoyant period and owner occupiers were the dominant demographic. Both apartment and house sales activity were down by about five per cent and local agents report a lack of stock as the biggest impediment to achieving greater sales volumes.

DEC 15 15 DEC

55 55 22 22

<$250k <$250k

$250K+ $250K+

$350K+ $350K+

$500K+ $500K+

$1M+ $1M+

SUNSHINE COAST LAND SALES (p) SEP 15 15 SEP

DEC 15 15 DEC

61 61 55 55 43 43 36 36

14 14

<$250k <$250k

$250K+ $250K+

11 11

$350K+ $350K+

$500K+ $500K+

sometimes high and need to be proactively managed, while some buyers are hesitant to commit when they compare outdated prices with the market today, unsure of where the market is heading.

Major developments include the Sunshine Coast Public University Hospital and the Kawana Health Campus, Maroochydore City Centre, Sunshine Coast Airport Expansion and the Caloundra South masterplanned development, Aura.

UNIT MARKET

HOUSE MARKET

Body corporate fees continue to be the deciding factor for some, which means the market is still price sensitive.

Over the December quarter activity was focused on downsizers, as well as those upgrading the family home. The area also saw an influx of families moving to the Coast from interstate, particularly southern states. Some agents reported small levels of investor interest, however, as highlighted above, these were not in significant numbers â&#x20AC;&#x201C; yet. If interest rates remain low, the Sunshine Coast market may lure more investors in 2016. In settled sales agents in the area are reporting a solid lift compared with the September quarter. On-the-market statistics, such as vendor discounting and days on market are also heading in the right direction. Days on market have shortened to 99 days. Local agents report that seller expectations are DEC 15

437 400 357

<$350k

42 $350K+

$500K+

SUNSHINE COAST UNIT SALES (p) SEP 15

DEC 15

RENTAL MARKET

The rental market continues to be tight in the Sunshine Coast and with no significant levels of new stock being built it is expected this will continue. The average rents are increasing in the two-bed unit market, holding steady in house rentals, and dropping slightly in three-bed townhouses. In the December quarter Buderim was the most popular area to rent and houses are more popular than units.

It is common for new people, especially families, moving to the area to rent before they buy, so there is a steady flow of traffic moving from the rental market to the owner occupier market.

477

With 500 sales in the Sunshine Coast volumes are clearly holding steady and with December quarter typically a little quieter than the January quarter, all signs are positive that the year ahead will be busy in the apartment market.

Yields remain steady at 4.4 per cent for houses and 4.9 per cent for units.

SUNSHINE COAST HOUSE SALES (p) SEP 15

In the apartment market, the middle price points from $250,000 to sub-$1 million provided the majority of the sales activity.

$1M+

The low interest rates also continue to encourage renters to move into home ownership, although first-home buyers are not evident in significant numbers. This may be due to affordability issues. Even though financing is cheap, if wages arenâ&#x20AC;&#x2122;t high enough to save for the deposit, it may hamper younger entrants into the market. DECEMBER QUARTER 2015

REGIONAL MARKET UPDATES

SALES MARKET - HOUSES SUBURB

NUMBER OF SALES

SALES MARKET - HOUSES (CONT’D) MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

SUNSHINE COAST (SD)

1,017

$505,000

-0.5%

$500,000

3.7%

6.4%

SUNSHINE COAST (SD) ^

221

$615,000

-0.3%

$600,000

6.2%

4.3%

SUNSHINE COAST (LGA)

878

$500,000

0.0%

$495,000

4.2%

6.5%

SUNSHINE COAST (LGA) ^

162

$627,000

1.3%

$610,000

5.6%

8.9%

SUBURB

TEWANTIN

NUMBER OF SALES

MEDIAN SALE

$455,000

QTRLY CHANGE

-4.2%

ANNUAL MEDIAN SALE

$460,000

1YR 5YR CHANGE CHANGE

3.4%

-1.4%

2.8%

-1.3%

SALES MARKET - UNITS & TOWNHOUSES SUNSHINE COAST (SD)

655

$374,000

-0.7%

$370,000

ALEXANDRA HEADLAND ~ f

N/A

$800,000

12.3%

2.5%

SUNSHINE COAST (LGA)

500

$365,000

1.0%

$360,000

1.0%

-1.4%

AROONA ~

$473,000

6.3%

$460,000

1.1%

6.4%

ALEXANDRA HEADLAND ~

$355,000

4.4%

$348,000

5.5%

2.0%

BATTERY HILL ~

N/A

$465,000

6.9%

-0.5%

BATTERY HILL

N/A

$262,500

5.0%

1.2%

BEERWAH

$405,000

3.9%

$390,000

2.6%

-7.3%

BIRTINYA

N/A

$418,750

-2.6%

-17.1%

BLI BLI

$455,000

0.0%

$445,000

3.5%

6.5%

BUDDINA

N/A

$420,000

-4.2%

7.7%

BUDDINA

$615,000

4.6%

$615,000

15.0%

-15.1%

BUDERIM

$390,000

-2.3%

$388,000

4.9%

-2.9%

BUDERIM

113

$545,000

-4.4%

$552,750

3.3%

0.9%

CALOUNDRA

$365,235

-3.5%

$375,000

-2.6%

-13.8%

BUDERIM ^ ~

N/A

$876,340

-4.2%

-5.7%

CALOUNDRA WEST

N/A

$327,000

10.5%

0.6%

BURNSIDE

N/A

$415,000

8.8%

0.3%

COOLUM BEACH

$354,500

1.0%

$350,000

-3.6%

-9.1%

CALOUNDRA WEST

$435,000

-4.4%

$440,000

3.8%

-0.2%

CURRIMUNDI

N/A

$373,000

6.6%

5.1%

COES CREEK

N/A

$379,000

5.6%

-10.0%

GOLDEN BEACH

$365,000

-3.3%

$374,000

6.9%

3.9%

COOLUM BEACH

$555,000

8.8%

$521,000

4.9%

2.9%

KINGS BEACH

$439,000

17.6%

$390,000

4.0%

-8.6%

CURRIMUNDI

$505,000

7.5%

$465,000

6.3%

2.6%

LITTLE MOUNTAIN

N/A

$354,500

-9.1%

9.9%

DICKY BEACH ~ f

N/A

$740,000

9.2%

31.6%

MARCOOLA

$313,500

8.1%

$316,250

4.0%

-8.9%

EUMUNDI ^

N/A

$661,000

3.7%

2.8%

MAROOCHYDORE

$355,000

3.7%

$360,000

-1.4%

-3.2%

GLASS HOUSE MOUNTAINS

N/A

$417,000

-1.2%

-2.3%

MINYAMA

N/A

$319,000

3.7%

8.3%

GLASS HOUSE MOUNTAINS ^

N/A

$512,500

13.9%

6.9%

MOFFAT BEACH

N/A

$487,500

22.6%

-3.0%

GOLDEN BEACH

$482,500

0.1%

$474,500

4.9%

-1.6%

MOOLOOLABA ~

$362,000

2.0%

$355,000

-7.8%

-10.1%

KULUIN

$447,500

-1.7%

$440,000

6.0%

6.4%

MOUNT COOLUM ~

N/A

$345,000

8.8%

0.0%

LANDSBOROUGH

$377,500

N/A

$363,500

2.1%

-6.3%

MOUNTAIN CREEK

$314,750

N/A

$351,500

-5.0%

34.7%

LITTLE MOUNTAIN

$511,000

-4.5%

$515,000

8.4%

1.1%

NAMBOUR ~

$215,500

-10.2%

$240,000

11.6%

-21.3%

MALENY

$485,000

14.1%

$460,000

7.5%

-0.5%

PARREARRA ~

$492,500

7.7%

$445,000

14.1%

-17.6%

MALENY ^

N/A

$597,500

5.8%

-10.2%

PELICAN WATERS

N/A

$480,000

5.5%

3.2%

MARCOOLA

$420,000

N/A

$523,500

6.8%

8.8%

PEREGIAN SPRINGS ~ t

$476,250

N/A

$300,000

14.8%

13.2%

MAROOCHYDORE

$528,000

5.6%

$510,000

5.8%

1.5%

TWIN WATERS

N/A

$516,000

9.8%

-6.2%

MERIDAN PLAINS

$465,000

11.3%

$430,000

-5.5%

2.2%

WARANA

N/A

$360,000

14.7%

16.1%

WURTULLA *

N/A

$384,000

11.3%

20.0%

MINYAMA

$975,000

N/A

$905,000

15.1%

-13.6%

MOFFAT BEACH

N/A

$590,000

-1.7%

1.8%

MOOLOOLABA

$690,000

15.0%

$650,000

1.6%

8.5%

SURROUNDS

MOOLOOLAH VALLEY

N/A

$412,500

5.0%

-1.5%

NOOSA (LGA)

155

$430,000

-2.3%

$420,000

7.7%

-7.3%

MOOLOOLAH VALLEY ^

N/A

$525,000

-8.5%

8.3%

COOROY

N/A

$319,000

N/A

MOUNT COOLUM

$505,000

N/A

$510,000

7.6%

1.0%

NOOSA HEADS ~

$575,000

8.5%

$540,000

29.3%

-5.0%

MOUNTAIN CREEK

$550,000

2.8%

$540,000

4.6%

4.8%

NOOSAVILLE

$392,500

-4.6%

$402,500

10.3%

5.9%

MUDJIMBA

N/A

$645,000

25.2%

-1.0%

PEREGIAN BEACH ~

$382,500

N/A

$366,000

-1.1%

NAMBOUR

$337,500

-4.3%

$348,000

4.2%

-1.8%

SUNRISE BEACH

N/A

$342,000

-5.3%

-9.4%

NINDERRY ^

N/A

$605,000

6.1%

N/A

SUNSHINE BEACH ~

$665,000

19.0%

$537,000

0.4%

1.8%

PACIFIC PARADISE

N/A

$400,000

2.6%

-1.9%

TEWANTIN

$282,500

N/A

$295,000

9.8%

3.5%

PALMWOODS

$450,000

4.7%

$442,500

4.1%

-4.2%

PARREARRA

$575,000

-10.2%

$582,500

-1.3%

7.3%

PELICAN WATERS

$682,500

10.1%

$643,750

-2.8%

1.9%

SUNSHINE COAST (SD)

127

$272,000

5.4%

$255,000

6.3%

-0.4%

PEREGIAN SPRINGS

$590,000

3.5%

$564,250

0.1%

8.4%

SUNSHINE COAST (SD) ^

$300,000

-3.2%

$305,000

0.0%

-4.7% -1.2%

SALES MARKET - VACANT LAND

SIPPY DOWNS

$470,000

5.0%

$453,500

3.1%

-0.5%

TANAWHA ^ ~

N/A

$926,000

15.5%

14.5%

SUNSHINE COAST (LGA) ~

$269,750

5.0%

$252,000

5.9%

TWIN WATERS

N/A

$716,000

7.0%

-1.6%

SUNSHINE COAST (LGA) ^

$299,000

-3.6%

$305,000

0.0%

-4.7%

WARANA

$563,450

-2.0%

$550,000

5.6%

8.5%

BEERWAH

$202,000

-3.6%

$212,000

N/A

12.2%

WOOMBYE ~

N/A

$432,500

4.1%

-2.3%

BIRTINYA

N/A

$297,000

12.9%

-9.0%

WURTULLA

$549,500

11.0%

$533,500

11.2%

0.3%

BLI BLI

$272,500

3.0%

$260,000

8.6%

4.8%

YANDINA

N/A

$363,500

-4.3%

0.0%

CALOUNDRA WEST *

N/A

$224,750

10.2%

-15.2%

YAROOMBA ~ *

$590,013

N/A

$577,500

5.4%

-4.7%

FOREST GLEN *

N/A

$259,000

5.7%

N/A

SURROUNDS

GLASS HOUSE MOUNTAINS

N/A

$198,000

2.6%

N/A

LITTLE MOUNTAIN

N/A

$255,000

9.7%

1.2%

NOOSA ( LGA) ~

139

$540,000

0.0%

$556,500

2.1%

MALENY

N/A

$232,875

5.9%

8.3%

NOOSA (LGA) ^ ~

$588,777

-4.3%

$595,000

11.2%

-0.8%

MAROOCHYDORE *

N/A

$305,000

34.4%

50.6%

BLACK MOUNTAIN ^

N/A

$570,000

13.2%

-3.3%

MERIDAN PLAINS

N/A

$242,900

11.5%

-1.6%

COORAN ^

N/A

$420,000

15.1%

-18.7%

MOUNTAIN CREEK ~ *

N/A

$290,000

10.9%

10.7%

COOROIBAH ^

N/A

$590,000

1.7%

-8.7%

NAMBOUR

N/A

$181,950

N/A

COOROY

$425,000

8.3%

$426,000

4.2%

-6.6%

PALMVIEW ^ *

N/A

$305,000

N/A

DOONAN ^

$695,000

0.7%

$685,000

13.2%

-16.6%

PELICAN WATERS ~ *

N/A

$266,000

-42.1%

-21.2%

NOOSA HEADS

$632,500

N/A

$780,000

16.4%

3.6%

PERIGIAN SPRINGS *

N/A

NOOSAVILLE

$645,000

-16.8%

$760,000

4.8%

1.2%

SIPPY DOWNS

N/A

$193,500

N/A

-16.8%

PEREGIAN BEACH ~

$662,500

-12.8%

$710,000

18.3%

-7.3%

YAROOMBA *

N/A

$325,000

-16.1%

N/A

POMONA

N/A

$390,000

10.5%

-6.7%

POMONA ^

$495,000

N/A

$489,000

-2.0%

-7.8%

SURROUNDS

SUNRISE BEACH

N/A

$625,000

2.5%

10.2%

NOOSA (LGA)

$295,000

N/A

$283,500

8.2%

-4.7%

SUNSHINE BEACH

N/A

$975,000

-11.4%

24.3%

NOOSAVILLE * f

N/A

$340,000

3.0%

13.3%

PEREGIAN BEACH

N/A

$242,500

N/A

22 QUEENSLAND MARKET MONITOR

REGIONAL MARKET UPDATES

RENTAL MARKET - 3 BED HOUSES POST CODE

RENTAL MARKET - 2 BED UNITS

DEC-15 LOCALITYL

$/WEEK

DEC-14

NEW BONDS $/WEEK

NEW BONDS

SUNSHINE COAST REGIONAL

$420

742

$410

742

4518

GLASS HOUSE MOUNTAINS

$380

$355

4519

BEERWAH

$360

$350

4550

LANDSBOROUGH

$335

4551

CALOUNDRA

$420

4552

MALENY

4553

POST CODE

DEC-15 LOCALITYL

$/WEEK

DEC-14

NEW BONDS $/WEEK

NEW BONDS

SUNSHINE COAST REGIONAL

$345

795

$325

4519

BEERWAH

$270

N.A.

837

4551

CALOUNDRA

$330

136

$315

155

$340

4556

BUDERIM

$320

166

$410

151

4557

MOOLOOLABA

$340

101

$320

$370

$360

4558

MAROOCHYDORE

$360

168

$340

184

PALMVIEW

$380

$370

4559

WOOMBYE

$280

4555

PALMWOODS

$410

$380

4560

NAMBOUR

$260

$250

4556

BUDERIM

$435

$440

4564

MARCOOLA

$360

$320

4557

MOOLOOLABA

$460

$450

4572

ALEXANDRA HEADLAND

$360

4558

MAROOCHYDORE

$430

$440

4573

COOLUM BEACH

$350

$340

4559

WOOMBYE

$400

4575

BIRTINYA

$400

121

$380

112

4560

NAMBOUR

$380

$370

NOOSA SHIRE

$370

$375

4561

YANDINA

$400

$370

4565

TEWANTIN

$270

N.A.

4562

BELLI PARK

$420

4566

NOOSAVILLE

$360

$350

4564

MARCOOLA

$440

$390

4567

NOOSA HEADS

$380

4573

COOLUM BEACH

$440

4575

BIRTINYA

$430

NOOSA SHIRE

$450

124

$430

135

4565

TEWANTIN

$445

$400

SUNSHINE COAST REGIONAL

$405

220

$400

310

4566

NOOSAVILLE

$550

$430

4551

CALOUNDRA

$380

$390

4567

NOOSA HEADS

$490

$500

4556

BUDERIM

$405

$400

4563

COOROY

$435

$350

4557

MOOLOOLABA

$410

4568

FEDERAL

$360

$390

4558

MAROOCHYDORE

$425

$360

4560

NAMBOUR

$320

$350

4573

COOLUM BEACH

$470

$440

4575

BIRTINYA

$480

$400

NOOSA SHIRE

$480

$500

4566

NOOSAVILLE

$450

$550

4567

NOOSA HEADS

$510

$500

RENTAL MARKET - 3 BED TOWNHOUSES

FRASER COAST The December quarter for the Fraser Coast was a little bit of a mixed bag, with the median sale price slipping while transaction volumes remained steady in both houses and units. A steady supply of house-and-land packages is filling the market at the moment, which makes it tougher for older stock to compete both in houses and units for sales and the rental market. The house-and-land packages appeal to the first-home buyers who find new stock appealing and the affordable price point achievable. The Great Start Grant is bringing new buyers into the market and it is doing some of the heavy lifting, encouraging first-home buyers into house-and-land packages when they perhaps would have ordinarily taken longer to save up a deposit and bought established homes. Building approvals were up in the Wide Bay area, leading to the conclusion that construction has created additional jobs. ABS data revealed that unemployment was down by 0.2 per cent and local media reported it was at a two-year low. The persistent rumour in Hervey Bay that the marina development will go ahead gained some additional impetus this quarter when zoning changes were made to allow for 20 storey constructions, from the previous height limit of eight. Local agents report this will likely give local investors a confidence boost.

HOUSE MARKET

The volume of transactions, at around 300, is in line with previous quarters and this represents strong interest in the market. Confidence in the market is improving and agents are seeing buyers move quickly when they spot a bargain. While days on market stats have lengthened marginally and Fraser Coast has the longest days on market of all regional centres in the state, the good news is that vendor discounting rate has remained the same at around 7.8 per cent. This indicates buyers may be taking a little longer to buy, but sellers are accurately pricing their houses and buyers are meeting the market. UNIT MARKET

The Fraser Coast unit market experienced some volatility during 2015 but the December quarter, broadly speaking, was in line with the September quarter results, indicating supply and demand are more evenly balanced. The median price of units in this region for the December quarter is $220,000, up by a sliver 0.6 per cent, although activity is down, indicating that fewer units were sold and were higher priced.

DECEMBER QUARTER 2015

REGIONAL MARKET UPDATES

SALES MARKET - HOUSES

FRASER COAST CONTINUED

SUBURB

NUMBER OF SALES

MEDIAN SALE

QTRLY CHANGE

RENTAL MARKET

Traditionally the December quarter is reasonably steady in the Fraser Coast rental market. The suburbs of Kawungan and Urraween were the stand-out suburbs as families moved to the area for work relocation. Rents remained strong and older stock that had been hanging around vacant for a while was snapped up. Rents for three-bed townhouses rose by more than $20 a week, to $330, which makes this the most in-demand section of the market. A three-bed townhouse in the Fraser Coast can command an average rent of $330 a week, while a three-bed house averages just $290. This is likely a reflection of newer stock in townhouses being more appealing versus older housing stock. At 3.5 per cent the Fraser Coast vacancy rate is healthy, and this will help keep rents steady.

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

FRASER COAST (LGA)

300

$287,500

-7.3%

$301,000

0.3%

FRASER COAST (LGA) ^

$385,000

0.0%

$372,500

1.1%

-2.3% -2.0%

BOORAL ^

N/A

$375,000

9.5%

-15.8%

BURRUM HEADS

N/A

$356,000

-10.0%

8.3%

DUNDOWRAN BEACH ^

N/A

$550,000

10.6%

-3.2%

ELI WATERS

$310,000

-9.0%

$328,000

0.9%

0.0%

GLENWOOD ^ ~

N/A

$192,000

-3.4%

-8.8%

GRANVILLE

$218,500

N/A

$211,000

17.7%

-17.6%

KAWUNGAN

$322,500

-3.7%

$331,000

0.3%

-1.5%

MARYBOROUGH

$191,500

-0.7%

$195,000

-4.7%

-10.6%

PIALBA

$281,000

-7.9%

$278,750

-8.8%

2.5%

POINT VERNON ~

$352,500

19.5%

$308,000

3.4%

-5.4%

RIVER HEADS

N/A

$300,000

7.1%

-6.7%

SCARNESS

$290,500

10.1%

$273,000

0.4%

-5.1%

TINANA

N/A

$285,000

1.2%

-9.2%

TOOGOOM

$295,000

-11.9%

$310,000

3.2%

-2.4%

TORQUAY

$333,500

1.1%

$305,000

-2.6%

-2.7%

URANGAN

$317,000

-2.5%

$311,250

-1.2%

-3.3%

URRAWEEN

$357,000

0.9%

$351,500

3.4%

0.8%

GYMPIE (LGA)

$262,750

0.1%

$265,000

2.3%

-6.9%

GYMPIE (LGA) ^ ~

$350,000

0.0%

$350,000

7.7%

-2.0%

CHATSWORTH ^

N/A

$370,000

11.3%

N/A

SURROUNDS

FRASER COAST HOUSE SALES (p) SEP 15 DEC 15 FRASER COAST HOUSE SALES (p) 214 SEP 15 DEC 15 FRASER COAST HOUSE SALES (p)

203

214

203

SEP 15

78 78

69 69

<$350k

$350K+

<$350k

$350K+

43 43

$305,000

8.1%

$280,000

1.8%

-8.0%

N/A

$268,500

7.8%

-17.3%

GYMPIE

$237,500

5.1%

$235,000

0.0%

-10.6%

SOUTHSIDE

$337,500

-3.6%

$320,000

1.6%

-3.1%

TIN CAN BAY

N/A

$310,000

10.7%

-18.0%

SOUTH BURNETT (LGA) ~

$177,500

-4.1%

$185,000

-7.5%

-17.8%

SOUTH BURNETT (LGA) ^ ~

$255,000

6.0%

$240,000

-4.0%

-17.0%

KINGAROY

$225,000

5.3%

$225,500

-6.0%

-9.1%

KINGAROY ^ ~

N/A

$365,500

0.1%

-8.8%

MURGON

N/A

$129,000

-14.0%

-7.1%

NANANGO

N/A

$175,000

1.5%

-18.8%

11 $500K+ 13 11 $500K+

$350K+ FRASER COAST UNIT SALES (p) SEP 15 DEC 15 FRASER COAST UNIT SALES (p) SEP 15 DEC 15 FRASER COAST UNIT SALES (p)

<$350k

12 8

DEC 15

214

203

COOLOOLA COVE CURRA ^

SEP 15

SALES MARKET - UNITS & TOWNHOUSES

$500K+

DEC 15

FRASER COAST (LGA) ~

$220,000

0.6%

$240,000

-8.1%

-12.2%

PIALBA ~

N/A

$240,000

-22.6%

-21.3%

SCARNESS

N/A

$267,500

7.4%

11.5%

TORQUAY

$220,000

N/A

$213,750

-9.8%

-12.8%

URANGAN

$249,000

3.8%

$257,000

-2.1%

-19.4%

N/A

$250,000

-3.9%

-9.3%

SURROUNDS

GYMPIE (LGA)

31 15 15 15 <$250k

18 18 18

$250K+

<$250k

3 3 $350K+ 3 3 $350K+

$250K+

$250K+ FRASER COAST LAND$350K+ SALES (p) SEP 15 DEC 15 FRASER COAST LAND SALES (p) SEP 15 DEC 15 FRASER COAST LAND SALES (p)

<$250k 78 78

SEP 15

3 $500K+1 3 $500K+1 $500K+

DEC 15

78 48 48 48

<$250k

1 $250K+ 3

1 $350K+ 1

<$250k

1 $250K+ 3

1 $350K+ 1

<$250k

$250K+

$350K+

24 QUEENSLAND MARKET MONITOR

Confidence in the market is improving and agents are seeing buyers move quickly when they spot a bargain.

REGIONAL MARKET UPDATES

RENTAL MARKET - 3 BED HOUSES (CONT'D)

SALES MARKET - VACANT LAND

POST NUMBER OF SALES

SUBURB

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

FRASER COAST (LGA)

$140,000

-8.5%

$149,500

0.3%

-3.5%

FRASER COAST (LGA) ^ ~

$72,000

3.6%

$72,000

-31.4%

-24.2%

BURRUM HEADS

N/A

$105,000

2.4%

-30.1%

GLENWOOD ^ ~

$67,500

12.5%

$65,000

-6.5%

-18.8%

RIVER HEADS ~

N/A

$100,000

2.6%

-35.5%

TOOGOOM

N/A

$120,000

20.0%

-22.6%

WONDUNNA

N/A

$156,000

-1.3%

-10.9%

SURROUNDS GYMPIE (LGA) ~

$110,000

-18.2%

$124,500

13.2%

-0.4%

GYMPIE (LGA) ^

N/A

$120,000

-0.4%

-6.8%

GYMPIE

N/A

$134,000

27.6%

7.2%

CODE

DEC-15 LOCALITYL

$/WEEK

DEC-14

NEW BONDS $/WEEK

NEW BONDS

FRASER COAST REGIONAL

$290

303

$285

312

4650

ALDERSHOT

$270

127

$260

133

4655

BOORAL

$310

160

$310

169

4659

BEELBI CREEK

$255

$250

GYMPIE REGIONAL

$275

135

$265

156

4570

AMAMOOR

$275

110

$260

117

4580

COOLOOLA

$280

$/WEEK

DEC-14

NEW BONDS $/WEEK

NEW BONDS

SOUTH BURNETT REGIONAL

$240

125

$235

117

4605

BARLIL

$220

$200

4606

CHARLESTOWN

$210

$220

4610

ALICE CREEK

$250

4615

BARKER CREEK FLAT

$235

RENTAL MARKET - 2 BED UNITS FRASER COAST REGIONAL

$240

168

$245

137

4650

ALDERSHOT

$190

4655

BOORAL

$255

120

$260

GYMPIE REGIONAL

$210

$200

4570

AMAMOOR

$199

$200

4580

COOLOOLA

$220

N.A.

4581

EURONG

$260

SOUTH BURNETT REGIONAL

$185

$195

4605

BARLIL

$170

N.A.

4610

ALICE CREEK

$200

RENTAL MARKET - 3 BED HOUSES POST

DEC-15 LOCALITYL

RENTAL MARKET - 3 BED TOWNHOUSES 4655

FRASER COAST REGIONAL

$330

$310

BOORAL

$330

$310

BUNDABERG

The Bundaberg market has seen a solid level of activity over the December quarter, across multiple price points and from many demographics, with activity from first-home buyers to self-funded retirees and everyone in between. While prices have remained steady, (the median price is identical to the September quarter) and activity has dipped by eight per cent, local agents are reporting strong levels of enquiry and expect a strong start to 2016. With about $175 million in infrastructure projects about to commence in the area, including the Rubyanna waste water treatment plant due to begin in the next few months, a $19 million gas pipeline project, and a $70 million plasterboard factory, there are jobs and revenue underpinning demand for housing. These infrastructure projects are bringing rewards for the region, with business confidence on the rise and economic recovery in full swing. Local agents are reporting increased confidence in the market and with tourism numbers up the local economy is strong. Enquiry levels over the Christmas period were the highest in many years, according to local agents.

HOUSE MARKET

The house sales market activity is consistent with previous quarters and the market is tracking along a very stable trajectory. The median sale price of $270,000 has held steady for the quarter, although volumes have dipped slightly. Days on market have eased out to 106, third longest in the state behind Mackay and Fraser Coast, however vendor discounting hasnâ&#x20AC;&#x2122;t moved and this is a good indicator that sellers are taking care to price their property well. Agents are reporting strong enquiry levels and an increase of self-funded retirees moving up from the southern states. Houses in the $350,000-$450,000 have been selling as investments to baby boomers in the southern states who are not yet ready to retire but want to take advantage of favourable buying conditions now with a view to retiring to the area in a few years. UNIT MARKET

The unit and townhouse market in Bundaberg is increasing in volume of transactions, although the median is down. A jump in transactions of about 39 per cent indicates interest is strong but this is coming off a small base. Oceanfront units sold well this quarter, largely to investors, who are seeing good returns.

DECEMBER QUARTER 2015

REGIONAL MARKET UPDATES

RENTAL MARKET - 3 BED HOUSES

SALES MARKET - HOUSES

POST NUMBER OF SALES

SUBURB

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

BUNDABERG (LGA)

200

$270,000

0.0%

$279,127

0.4%

-2.1%

BUNDABERG (LGA) ^

$312,000

-5.5%

$330,000

-8.0%

-5.7%

AVENELL HEIGHTS

$252,500

-7.8%

$271,000

1.1%

-2.5%

AVOCA

$334,500

25.1%

$295,000

-6.7%

-0.1%

BARGARA

$360,000

-6.5%

$384,250

4.7%

-2.1%

BRANYAN ^

$344,500

0.6%

$370,000

-7.5%

11.6%

BUNDABERG EAST

N/A

$246,250

2.0%

-10.6%

BUNDABERG NORTH

$220,000

1.4%

$220,000

0.0%

-14.1%

CODE

DEC-15 $/WEEK

LOCALITYL

DEC-14

NEW BONDS $/WEEK

$280

368

$285

363

4660

ABINGTON

$280

$260

4670

ABBOTSFORD

$285

318

$285

317

4671

BOOLBOONDA

$240

$255

NORTH BURNETT REGIONAL

$220

4621

BIGGENDEN

$220

N.A.

4625

ARANBANGA

$250

4626

BEERON

$220

$200

4630

BANCROFT

$200

$180

$225

188

BUNDABERG SOUTH

$263,000

12.2%

$250,000

11.1%

-15.3%

BUNDABERG WEST

N/A

$252,000

-14.6%

15.7%

BURNETT HEADS

N/A

$290,000

-1.7%

0.0%

BUNDABERG REGIONAL

$230

157

CORAL COVE

N/A

$425,250

6.3%

-9.1%

4660

ABINGTON

$250

KALKIE

N/A

$366,500

19.2%

-16.4%

4670

ABBOTSFORD

$230

147

KEPNOCK

$270,000

4.4%

$262,750

-2.3%

-5.1%

MILLBANK

N/A

$240,000

-4.0%

-7.4%

NORVILLE

$225,000

8.2%

$219,000

-4.3%

-9.9%

SVENSSON HEIGHTS

N/A

$259,000

1.6%

-1.2%

THABEBAN

N/A

$267,500

1.9%

-8.4%

WALKERVALE

N/A

$228,000

-0.9%

0.0%

WOODGATE

N/A

$380,000

-9.0%

-0.6%

SURROUNDS NORTH BURNETT (LGA)

BUNDABERG (LGA) ~

$260,000

-5.5%

$260,000

2.0%

4.0%

AVENELL HEIGHTS

N/A

$235,000

-7.8%

-2.0%

-14.5%

-4.2%

9 N/A BUNDABERG HOUSE N/A SALES $310,000 (p) SEP 15

166

DEC 15

141 SALES MARKET - VACANT LAND

BUNDABERG (LGA)

$150,000

4.2%

$144,000

0.0%

BUNDABERG (LGA) ^

N/A

$148,500

2.6%

10.0%

BRANYAN

N/A

$145,000

6.6%

<$350k

$350K+

$500K+

BUNDABERG HOUSE SALES (p) SEP 15 UNIT DEC 15SALES (p) BUNDABERG 19

SEP 15

15 13

<$350k

$350K+

$500K+

$250K+

182

RENTAL MARKET - 3 BED TOWNHOUSES 4670

BUNDABERG REGIONAL

$290

$280

ABBOTSFORD

$290

$285

BUNDABERG

CONTINUED

4.3%

Bundaberg’s vacancy rate has edged up in the December quarter, reaching 3.9 per cent. The post-2013 flood repairs have been completed and tradies and workers left town, which weakened the rental market a little. With the weakening of the market quite a number of property owners placed their investment properties on the market for sale. Demand and sales for these properties has been taken up by new residents relocating from other areas such as southern and northern Queensland, New South Wales and interstate.

$350K+

Also, with the weakening returns on bank interest investments retirees are turning to property. These types of buyers are withdrawing funds from banks and the stock market and investing in houses and apartments, 43 42 particularly those that fall within the $250,000-$350,000 13 price range. 7

$500K+

<$350k

BUNDABERG UNIT SALES (p) 15 DECSALES 15 19 SEP LAND BUNDABERG (p)

$225

BUNDABERG HOUSE Gross rental yields for houses heldSALES steady(p)at 5.4 per cent SEP 15 DEC 15 and 4.6166per cent for units, making Bundaberg a good performing market for investors. 141

DEC 15

141

<$250k

N.A.

The rents held reasonably steady during the December quarter, with median rents dropping slightly for three-bed houses, however, both two-bed houses and three-bed townhouses went up.

166

RENTAL MARKET - 2 BED UNITS

RENTAL MARKET

SALES MARKET - UNITS & TOWNHOUSES

BARGARA

NEW BONDS

BUNDABERG REGIONAL

SEP 15

$350K+

$500K+

BUNDABERG UNIT SALES (p)

DEC 15

SEP 15

DEC 15

15 13

32 13

4 2

<$250k <$250k

$250K+

$350K+ $250K+

1 0

0 $500K+ $350K+

<$250k

BUNDABERG LAND SALES (p)

$250K+

$350K+

BUNDABERG LAND SALES (p)

SEP 15 DEC 15 26 QUEENSLAND MARKET MONITOR 41 41

SEP 15

DEC 15

$500K+

REGIONAL MARKET UPDATES

GLADSTONE

GLADSTONE HOUSE SALES (p) SEP SEP 15 15

57 57

The Gladstone region continues to struggle although for the December quarter, market indicators confirmed that the market is not falling and remains, for the moment, in stabilisation phase.

DEC DEC 15 15

45 45

Employment is the biggest issue for the area and this has impacted heavily on the real estate market.

13 13 8 8

Little is known about the future of the proposed $700 million Casper Oil Refinery project at Gladstone, which is claimed will bring an additional 1000 jobs during construction and 300 operational jobs, once completed.

<$350k <$350k

The State Government recently announced that the Adani Carmichael mine has moved a step closer to the final go-ahead and this is good news for Gladstone, which along with Mackay, may contribute supply of workers to the Galilee Basin mine. HOUSE MARKET

The Gladstone median house price improved by 3.2 per cent in the December quarter, rising from $348,500 to $359,500. Transactions were down 18 per cent, which suggests some higher priced houses were sold off this quarter. The one-year average is down by 4.5 per cent and the five-year average is down 5.2 per cent. This is reasonably steady, all things considered. The REIQ has assessed the Gladstone market as stabilising and with days on market shortening to 99 and vendor discounting shrinking to 9.6 per cent from 9.9 per cent we are cautiously optimistic that the bottom of the market has passed. However, the broader economy could use an injection from major infrastructure projects and this will rejuvenate this part of the state. UNIT MARKET

For consecutive quarters now the QMM has reported historic low sales volumes in the unit market and once again, there is not enough transactional data to draw meaningful conclusions. With only 15 sales for the quarter, there is not enough data to create a median sale price for the quarter.

$500K+ $500K+

GLADSTONE UNIT SALES (p)

Gladstone was chosen for its deep water harbour and its port facilities. It is rumoured that with the drop in oil price, plans for a new refinery have been shelved. The rental market is the weakest component of the market and local agents report they are having difficult conversations with landlords, many of whom are interstate and not fully cognisant of the full picture in Gladstone.

$350K+ $350K+

SEP SEP 15 15

11 11

DEC DEC 15 15

4 4 3 3

3 3 2 2

2 2

$250K+ $250K+

$350K+ $350K+

0 0 <$250k <$250k

0 0

$500K+ $500K+

GLADSTONE LAND SALES (p) SEP SEP 15 15

10 10

DEC DEC 15 15

10 10

3 3 1 1

1 1

0 0 <$250k <$250k

$250K+ $250K+

$350K+ $350K+

RENTAL MARKET

The Gladstone region is about 10 per cent vacancy, which means potential tenants are able to negotiate their rent and as a result, rents are sliding. The RTA reports that rents in all categories â&#x20AC;&#x201C; three-bed houses, two-bed units, and three-bed townhouses, have dropped by more than $20 a week. With many interstate investors wondering why their investments are unable to be tenanted, agents are finding it difficult to remain optimistic.

The days-on-market statistic is 126 and vendor discounting is 10.5 per cent, although this is down from 13 per cent a year ago. Until the workforce stabilises and consumers can be certain of long-term contracts, apartment sales will remain small.

DECEMBER QUARTER 2015

REGIONAL MARKET UPDATES

SALES MARKET - HOUSES SUBURB

NUMBER OF SALES

SALES MARKET - VACANT LAND MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

NUMBER OF SALES

SUBURB

MEDIAN SALE

ANNUAL MEDIAN SALE

QTRLY CHANGE

1YR 5YR CHANGE CHANGE

GLADSTONE (LGA) ~

$359,500

3.2%

$365,000

-4.5%

-5.2%

GLADSTONE (LGA) ~ *

N/A

$185,000

-11.1%

0.0%

GLADSTONE (LGA) ^ ~

$500,000

N/A

$452,500

-1.6%

-4.7%

KIRKWOOD ~

N/A

$192,000

-14.7%

1.3%

AGNES WATER ^

N/A

$325,000

-8.5%

-11.8%

BOYNE ISLAND

N/A

$382,500

-10.4%

-2.4%

CALLIOPE

N/A

$347,000

-12.0%

-1.4%

CLINTON

$340,000

0.7%

$348,000

-2.5%

-6.7%

GLEN EDEN

N/A

$362,000

-13.8%

-6.4%

KIN KORA

N/A

$329,500

-5.9%

-8.9%

KIRKWOOD

N/A

$427,000

-4.5%

-9.8%

NEW AUCKLAND

N/A

$400,000

5.3%

1.1%

SOUTH GLADSTONE

N/A

$327,500

-4.4%

-3.5%

TANNUM SANDS ~

N/A

$430,000

-7.5%

5.7%

TELINA

N/A

$413,000

6.6%

-11.9%

WEST GLADSTONE ~

N/A

$267,500

-21.9%

-2.1%

GLADSTONE REGIONAL

BANANA (LGA)

N/A

$260,000

-2.4%

-3.7%

4677

AGNES WATER

BILOELA

N/A

$285,000

-7.3%

8.7%

4680

RENTAL MARKET - 3 BED HOUSES POST CODE

DEC-14 LOCALITYL

$/WEEK

DEC-13

NEW BONDS $/WEEK

NEW BONDS

GLADSTONE REGIONAL

$260

231

$300

286

4677

AGNES WATER

$300

4680

GLADSTONE

$260

206

$300

269

BANANA SHIRE

$300

4715

BILOELA

$310

$320

4718

BAUHINIA

$250

$200

198

$250

199

$153

$350

GLADSTONE

$200

187

$250

192

BANANA SHIRE

$250

$230

BILOELA

$270

$250

RENTAL MARKET - 2 BED UNITS

SURROUNDS

4715

SALES MARKET - UNITS & TOWNHOUSES GLADSTONE (LGA) ~

N/A

$253,000

-23.3%

-30.7%

RENTAL MARKET - 3 BED TOWNHOUSES 4680

GLADSTONE REGIONAL

$280

$360

103

GLADSTONE

$280

$360

103

ROCKHAMPTON The Rockhampton market is recovering and the number of transactions continues to hold steady for another quarter. The December quarter is traditionally a quieter quarter, both from rentals and sales of houses and units. With a transient student population leaving the beef capital city from mid-November vacancies traditionally rise and sales also tail off. Activity doesn’t resume until mid-to-late January. Beef prices are rising, which is good news for the area, but drought is still a significant issue plaguing the broader agricultural sector. The Federal Government is talking about introducing water storage in the area which would be good news for this largely agribusiness-reliant part of the state. Locals are talking about a push away from mining and a push towards agriculture to support the region. HOUSE MARKET

While the median has slipped marginally, to $279,000 the volume of sales are up on the previous quarter due to increased activity in the affordable end of the spectrum. Market sentiment seems to be “cautiously optimistic” and the December quarter was steady, with all market indicators consistent with the previous quarter. “More of the same” is how local agents described the December quarter house sales, with many reporting that first-home buyers and young second-home buyers were the most active demographic. As the mining downturn continues to be felt across central Queensland, buyers are reported to be very price sensitive. 28 QUEENSLAND MARKET MONITOR

UNIT MARKET

With fewer than 20 unit sales this quarter, there was not enough data to create a median price. This market will need long-term net migration to absorb existing stock before any significant activity will happen and this may take 12 – 18 months. RENTAL MARKET

Rockhampton’s vacancy rate eased from 4.5 per cent to 6.1 per cent during December, however, this is traditionally a quiet quarter and it is expected to come down in the March quarter data. Rents held steady across the December quarter in all categories except the three-bed townhouses, where rents dropped by more than $20 a week. It is difficult to draw a conclusion from this beyond the December quarter being traditionally quiet. It’s possible that the university, which is a big pipeline for the Rockhampton rental market, is seeing dropping student numbers. However, the improving beef market and export markets should boost the influx of renters to the beef capital of Australia.

REGIONAL MARKET UPDATES

RENTAL MARKET - 2 BED UNITS

SALES MARKET - HOUSES

POST SUBURB

NUMBER OF SALES

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

ROCKHAMPTON (LGA) ~

183

$279,000

-1.4%

$287,250

-4.3%

ROCKHAMPTON (LGA) ^

N/A

$380,000

-7.7%

5.6%

ALLENSTOWN

$236,000

N/A

$241,000

-9.1%

-8.6%

BERSERKER ~

$252,500

0.1%

$220,000

-6.8%

-2.5%

FRENCHVILLE

$305,000

-6.7%

$317,500

-3.8%

-1.0%

GRACEMERE

$286,000

-10.6%

$312,000

-4.4%

-1.1%

KAWANA

N/A

$316,000

1.8%

-1.4%

KOONGAL ~

N/A

$232,500

-14.7%

-0.9%

MOUNT MORGAN ~

N/A

$115,000

24.3%

-28.8%

NORMAN GARDENS ~

$332,000

-14.7%

$400,000

1.3%

-9.7%

PARK AVENUE

$239,000

6.2%

$253,000

-4.5%

1.9%

THE RANGE ~

$353,000

2.7%

$365,000

4.0%

-9.4%

WANDAL

$302,000

6.3%

$301,000

3.8%

3.6%

CODE

DEC-15 $/WEEK

LOCALITYL

DEC-14

NEW BONDS $/WEEK

NEW BONDS

ROCKHAMPTON REGIONAL

$220

183

$230

167

4700

ALLENSTOWN

$235

$220

4701

BERSERKER

$220

135

$230

122

LIVINGSTONE SHIRE

$269

$270

4702

ALBERTA

$200

$180

4703

ADELAIDE PARK

$300

$280

CENTRAL HIGHLANDS REGIONAL

$175

$190

4717

BLACKWATER

$150

$175

4720

EMERALD

$180

$195

RENTAL MARKET - 3 BED TOWNHOUSES 4701

ROCKHAMPTON REGIONAL

$300

$345

BERSERKER

$260

$320

LIVINGSTONE SHIRE

$350

$380

SURROUNDS CENTRAL HIGHLANDS (LGA) ~

N/A

$200,000

-35.5%

-43.3%

BLACKWATER ~

N/A

$135,000

-35.7%

-33.3%

EMERALD ~

$365,000

N/A

$250,000

-27.5%

-8.7%

LIVINGSTONE (LGA)

$367,500

-1.6%

$376,000

0.9%

-1.7%

LIVINGSTONE (LGA) ^

$512,500

1.2%

$480,000

-4.0%

4.3%

EMU PARK

N/A

$357,500

5.2%

-1.4%

LAMMERMOOR ~

N/A

$410,000

-12.8%

11.9%

YEPPOON

$350,000

-1.4%

$376,000

10.6%

-6.8%

ZILZIE

N/A

$372,000

-7.0%

5.3%

ROCKHAMPTON & LIVINGTONE HOUSE SALES (p) ROCKHAMPTON & SEP LIVINGTONE 15 DEC 15 HOUSE SALES (p) 161 ROCKHAMPTON & SEP LIVINGTONE 15 DEC 15 HOUSE SALES (p)

SALES MARKET - UNITS & TOWNHOUSES ROCKHAMPTON (LGA)

N/A

$345,000

-6.0%

23.2%

ROCKHAMPTON CITY

N/A

$435,000

-1.0%

11.8%

LIVINGSTONE (LGA)

$348,134

N/A

$345,000

5.1%

1.5%

YEPPOON

$351,268

N/A

$351,268

23.3%

-9.9%

161 161

146 146 146

SEP 15

DEC 15

SURROUNDS

57 57 57

SALES MARKET - VACANT LAND ROCKHAMPTON (LGA)

$167,500

5.7%

$160,000

-5.3%

18.5%

GRACEMERE

N/A

$148,500

0.7%

13.4%

NORMAN GARDENS

N/A

$170,000

-6.9%

-2.9%

<$350k <$350k <$350k

$172,000

3.0%

$168,500

-2.0%

5.3%

HIDDEN VALLEY

N/A

$176,000

N/A

PARKHURST

N/A

$165,000

-4.1%

N/A

ZILZIE

N/A

$159,000

-5.9%

-12.9%

RENTAL MARKET - 3 BED HOUSES POST CODE

DEC-15 LOCALITY

$/WEEK

DEC-14

NEW BONDS $/WEEK

26 26 26

$350K+ $350K+ $350K+

$500K+ $500K+ $500K+

16 16

SEP 15

DEC 15

12 12 12 7 7 7

7 7 7

<$250k <$250k <$250k

$250K+ $250K+ $250K+

8 8 8

7 7 7

NEW BONDS

ROCKHAMPTON REGIONAL

$290

238

$295

246

4700

ALLENSTOWN

$275

$300

4701

BERSERKER

$300

146

$300

164

4714

BAREE

$230

$190

LIVINGSTONE SHIRE

$300

166

$300

146

4702

ALBERTA

$280

$300

4703

ADELAIDE PARK

$330

4710

EMU PARK

$300

$280

CENTRAL HIGHLANDS REGIONAL

$200

140

$250

140

4709

TIERI

$100

N/A

4717

BLACKWATER

$200

$220

4720

EMERALD

$250

4723

CAPELLA

$195

$225

24 24 24

ROCKHAMPTON & LIVINGTONE UNIT SALES (p) SEP 15 DEC 15 UNIT SALES (p) ROCKHAMPTON & LIVINGTONE SEP 15 DEC 15 UNIT SALES (p) ROCKHAMPTON 16 & LIVINGTONE

SURROUNDS LIVINGSTONE (LGA)

56 56 56

$350K+ $350K+ $350K+

9 9 9 5 5 5

$500K+ $500K+ $500K+

ROCKHAMPTON & LIVINGTONE LAND SALES (p) ROCKHAMPTON &SEPLIVINGTONE LAND SALES (p) 15 DEC 15 ROCKHAMPTON &SEPLIVINGTONE LAND SALES (p) 15 DEC 15 44 43 43 43

44 44

<$250k <$250k <$250k

SEP 15

3 3 3

DEC 15

1 1 $250K+ 1 $250K+ $250K+

0 0 0 0 0 $350K+ 0 $350K+ $350K+

DECEMBER QUARTER 2015

REGIONAL MARKET UPDATES

MACKAY The Mackay market continues to struggle and the December quarter rounds out what has been a very tough year for the region.

MACKAY HOUSE SALES (p) SEP 15

DEC 15

98 89 69

There is a spotlight of interest on Mackay, with recent visits from the Prime Minister, the Deputy Prime Minister and the Queensland Premier. As a result of local political pressure some infrastructure projects are being fast-tracked which, it is hoped, will contribute to jobs growth in the area. The government-funded ring road around Mackay is in final design stages before commencement is due to begin. Improvements are being made to the Peak Downs Highway and there is also a funded upgrade being made to the mountain range. This upgrade has started preliminary work which should boost employment. The Abbot Point expansion, which has been given the green light, will also bring jobs to the region, if not directly to Mackay. The area continues to wait on further news of the Adani Carmichael mine. During construction phase, this project will bring an estimated 1500 jobs to the region. If these projects all get under way soon then the region should see an immediate uptick in confidence and property prices will invariably follow. Anecdotally, long-term residents and local agents are saying that Mackay is returning to the pre- mining boom levels. This means the stock levels will take some time to be absorbed. Local media is reporting that Mackay Airport is about to announce international flights which will make the region truly the “gateway to the Great Barrier Reef” that it has always claimed to be. Whitsunday Airport near Proserpine may also be moving towards taking international flights, which will bring to a total of three the number of international airports, including Mackay and Hamilton Island. HOUSE MARKET

Even though the median price has slipped, there are more buyers, with 192 transactions this quarter, up from 180 last quarter. This is a good indication that there is still some interest in the area.

24 16

<$350k

UNIT MARKET 15

$350K+

$500K+

MACKAY UNIT SALES (p) SEP 15

DEC 15

Units 12are doing well, under the circumstances, with the median sale price improving this quarter, up by more 10 than 10 per cent to $280,000. The volume is up, although 7 7and with a project settling in this is off a small base, December, apartment sales figures were impacted. 4

3 First-home buyers are entering the market in bigger numbers, encouraged by affordable unit prices0 and low interest rates. For those who have$350K+ secure employment, <$250k $250K+ $500K+ the market is providing ample choice in most price points. MACKAY LAND SALES (p) SEP 15 DEC to 15 take these green However, it would be premature 22 shoots of growth in the unit market as a sign of recovery. With the notable exception of Fraser Coast, Mackay days on market statistics are the longest in the state, at 110 days for houses and 134 days for units. It is 11 still very much in the stabilisation phase and we see this continuing for some time, or at least until the infrastructure projects begin and jobs are growing. 3 2

RENTAL MARKET <$250k

0 $250K+

$350K+

The vacancy rate in Mackay is holding steady at 9.3 per cent. Tenants are said to be taking longer leases and there are far fewer three-month leases and breaklease situations taking place. This indicates that the employment market is holding steady. Rents have eased only slightly this quarter, in the threebed houses and two-bed unit categories. The average weekly rent for a two-bed unit in Mackay is now $200, which is the cheapest in the state, along with Gladstone. Local agents are reporting that tenants are still negotiating on rents but are taking more six-month and 12-month leases, which is a sign of stabilisation.

The REIQ continues to categorise Mackay as stabilising although we are watching the market closely over coming quarters. The market is seeing first-home buyers make good purchasing decisions with good affordability and low interest rates favouring this demographic.

Mackay Airport is about to announce international flights which will make the region truly the “gateway to the Great Barrier Reef”. 30 QUEENSLAND MARKET MONITOR

REGIONAL MARKET UPDATES

RENTAL MARKET - 3 BED HOUSES

SALES MARKET - HOUSES

POST NUMBER OF SALES

SUBURB

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

MACKAY (LGA)

192

$341,750

-3.7%

$358,500

-9.4%

-11.5%

MACKAY (LGA) ^ ~

N/A

$445,000

-3.6%

-8.2%

ANDERGROVE

$320,000

-1.2%

$322,500

-15.1%

-3.8%

BEACONSFIELD ~

N/A

$345,000

-12.7%

-3.7%

BLACKS BEACH

$350,000

N/A

$385,000

-12.0%

-8.4%

BUCASIA

N/A

$350,000

-14.2%

-5.1%

EAST MACKAY

N/A

$405,000

6.6%

-9.5%

EIMEO

$340,500

N/A

$385,000

-12.5%

1.3%

GLENELLA

N/A

$495,000

8.2%

-11.2%

MARIAN

N/A

$420,000

-9.7%

8.9%

MOUNT PLEASANT

N/A

$385,000

-6.1%

-2.4%

NORTH MACKAY

$202,500

N/A

$276,000

-13.2%

-11.0%

OORALEA

N/A

$415,000

-10.3%

-7.5%

RURAL VIEW

$347,500

N/A

$395,000

-14.1%

-2.3%

SARINA ~

N/A

$249,000

-19.0%

2.5%

SLADE POINT

N/A

$325,000

1.6%

-15.0%

SOUTH MACKAY ~

$250,000

-10.7%

$280,000

-22.1%

-2.6%

WALKERSTON ~

$325,000

N/A

$370,250

-13.9%

-0.2%

WEST MACKAY

$277,500

-22.4%

$336,500

-6.5%

-5.3%

SURROUNDS ISAAC (LGA) ~

$140,000

-24.3%

$190,000

-12.6%

-55.8%

MORANBAH ~

$170,000

N/A

$200,000

-18.4%

-46.7%

CODE

DEC-15 $/WEEK

LOCALITYL

DEC-14

NEW BONDS $/WEEK

NEW BONDS

MACKAY REGIONAL

$280

366

$320

377

4737

ARMSTRONG BEACH

$280

$295

4740

ALEXANDRA

$290

291

$330

307

4741

BALL BAY

$250

$275

4750

BUCASIA

$290

$320

4751

GREENMOUNT

$280

$330

4753

DEVEREUX CREEK

$270

$280

ISAAC REGIONAL

$225

125

$250

133

4721

CLERMONT

$250

4744

MORANBAH

$240

$260

4745

DYSART

$150

$160

4746

GERMAN CREEK

$240

$300

WHITSUNDEY REGIONAL

$300

136

$320

145

4800

ANDROMACHE

$300

$330

4802

AIRLIE BEACH

$360

$370

4805

BINBEE

$250

$260

RENTAL MARKET - 2 BED UNITS MACKAY REGIONAL

$200

287

$245

311

4737

ARMSTRONG BEACH

$175

$230

4740

ALEXANDRA

$200

260

$250

275

4751

GREENMOUNT

$210

$270

ISAAC REGIONAL

$170

$200

4721

CLERMONT

$165

N.A.

4744

MORANBAH

$250

$300

4746

GERMAN CREEK

$200

$225

WHITSUNDEY REGIONAL

$270

144

$260

159

WHITSUNDAY (LGA) ~

$385,000

7.4%

$380,000

0.0%

3.4%

WHITSUNDAY (LGA) ^

N/A

$450,000

-6.3%

-1.4%

BOWEN ~

N/A

$290,000

-19.1%

-1.8%

4800

ANDROMACHE

$200

$220

CANNONVALE

$417,500

-5.8%

$425,000

-4.5%

1.5%

4802

AIRLIE BEACH

$285

108

$290

111

PROSERPINE

N/A

$235,000

-14.6%

-10.8%

4805

BINBEE

$240

MACKAY HOUSE $211 SALES 22 (p) SEP 15

DEC 15

SALES MARKET - UNITS & TOWNHOUSES

89 MARKET - 3 BED TOWNHOUSES RENTAL

MACKAY (LGA) ~

$280,000

12.0%

$275,000

-14.8%

-13.4%

MACKAY ~ t

$292,500

N/A

$345,000

10.2%

6.2%

MACKAY REGIONAL 4740

SURROUNDS WHITSUNDAY (LGA) ~

$357,500

25.0%

$277,500

3.0%

-12.6%

AIRLIE BEACH

$520,000

N/A

$382,000

-2.1%

-4.3%

CANNONVALE ~

$177,600

N/A

$229,000

-11.0%

-33.6%

4802

$290

$350

$290

$350

ISAAC REGIONAL

$300

$375

WHITSUNDEY REGIONAL

$280

$360

AIRLIE BEACH

$300

$360

ALEXANDRA

26 21

<$350k

$350K+

$500K+

SALES MARKET - VACANT LAND 15 N/A N/A (p)$185,000 MACKAY HOUSE SALES

MACKAY (LGA) ~ RURAL VIEW ~

-10.2%

0.5%

SEP 15N/A

DEC 15 N/A

$160,000

-25.4%

-23.1%

N/A

$174,500

8.9%

9.1%

N/A

$171,000

4.9%

17.9%

MACKAY UNIT SALES (p) SEP 15

DEC 15

SURROUNDS89

WHITSUNDAY (LGA)

CANNONVALE

69 N/A

10 7

7 4

0 <$350k

$350K+

<$250k

$500K+

$250K+

SEP 15

$500K+

MACKAY LAND SALES (p)

MACKAY UNIT SALES (p) 15

$350K+

DEC 15

SEP 15

DEC 15

12 10 7

7 4 3

<$250k

$250K+

$350K+

MACKAY LAND SALES (p) SEP 15

DEC 15

$500K+

2 0

0 <$250k

$250K+

$350K+

DECEMBER QUARTER 2015

REGIONAL MARKET UPDATES

TOWNSVILLE

TOWNSVILLE HOUSE HOUSE SALES SALES (p) (p) TOWNSVILLE SEP 15 DEC 15 222 222

As this report was being prepared, news broke that Queensland Nickel, the nickel refinery in Townsville, would terminate 550 workers.

SEP 15

222 222

DEC 15

171 171

149 149

Townsville already struggles with one of the highest unemployment rates in the state, so this will be an added burden to the area.

50 50

However, the State Government has announced $210 million of accelerated works projects that would deliver 480 jobs to Townsville, including a $25 million investment to improve the reliability of the Mt Isa rail line that would deliver 75 jobs. With employment uncertainty ahead in Townsville it’s likely that real estate will experience further challenges. However, with the government’s jobs program being fasttracked, it’s hoped that workers will transition from the nickel refinery into other jobs. This will support the real estate market. Despite the recent uncertainty, Townville reported a somewhat positive December quarter recording a median sale price of $350,000 for houses and $290,000 for units. HOUSE MARKET

Sales were reasonably solid, considering. Local agents reported that December and moving into January, there was a good level of sales. Key reasons include a combination of having a good level of stock on the shelves and new families transferring into the area. Although anecdotally sales were strong, pricing was key to moving stock and with buyers enjoying significant levels of choice during this quarter, sellers needed to be pragmatic and meet the market in their negotiations. The most active demographic in the market was the upgraders who had steady employment prospects, moving onto their second or third home. Days on market were 96 days in the December quarter, which is one of the highest in the state and vendor discounting is similarly high at around 8.9 per cent. UNIT MARKET

The supply of apartments is still being absorbed from the construction boom some years ago, and so prices accordingly haven’t grown much. Local agents expect that the significant level of supply will take another 12 to 18 months to be absorbed.

<$350k <$350k

$350K+ $350K+

66 66

$500K+ $500K+

TOWNSVILLE UNIT UNIT SALES SALES (p) (p) TOWNSVILLE SEP 15 DEC 15 SEP 15

DEC 15

48 48 41 41

24 24

22 22 14 14

9 9

14 14 2 2

<$250k <$250k

$250K+ $250K+

$350K+ $350K+

$500K+ $500K+

0 0

$1M+ $1M+

TOWNSVILLE LAND SALES (p)

TOWNSVILLE LAND SALES (p) RENTAL MARKET SEP 15 DEC 15 72 72

SEP 15

DEC 15

At 6.4 per cent, Townsville’s vacancy rate is weak but 58 rentals are holding steady. Rental prices have not slid 58 noticeably and the fluid workforce is keeping a supply of renters to the market. Landlords of older stock are offering rental incentives to keep good tenants locked in, but largely the market 7 continues to move at a steady pace. 5 7 5 1 1

1 1

The average house $350K+ is $310 <$250k rent for a three-bedroom $250K+ <$250k $250K+ $350K+ which is pretty competitive with the rest of the state and is up slightly on the previous quarter. Two-bed units also rose slightly over the December quarter, to $260 a week, while three-bed townhouses dropped to $300 a week. The rental market is likely to struggle in the March quarter as the nickel refinery layoffs come to fruition, however, the State Government’s fast-tracked infrastructure projects may offset the main impact of that. Time will tell.

The unit market is best described as subdued. The back half of 2015, from August/September to Christmas, the market got noticeably harder to operate in. The sales were there, but you were dealing with twice the stock levels to achieve the same sales volumes. You were dealing with a lot more clients and things were taking longer to sell. Townsville is not attracting much investor interest at the moment, but with good buys on offer that may change.

32 QUEENSLAND MARKET MONITOR

Local agents reported that December and moving into January, there was a good level of sales.

REGIONAL MARKET UPDATES

SALES MARKET - HOUSES

SALES MARKET - VACANT LAND

NUMBER OF SALES

SUBURB

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

NUMBER OF SALES

SUBURB

MEDIAN SALE

ANNUAL MEDIAN SALE

QTRLY CHANGE

1YR 5YR CHANGE CHANGE

TOWNSVILLE (LGA)

480

$350,000

2.1%

$349,000

-3.1%

-6.9%

TOWNSVILLE (LGA)

$157,000

-1.9%

$160,000

-1.8%

TOWNSVILLE (LGA) ^

$431,000

0.0%

$435,000

-0.7%

-0.6%

TOWNSVILLE (LGA) ^

N/A

$194,000

-3.0%

-2.4% -9.3%

AITKENVALE

$320,000

N/A

$320,000

4.9%

-11.6%

BOHLE PLAINS

N/A

$167,500

4.7%

-4.3%

ALICE RIVER ^

N/A

$508,500

5.9%

-1.1%

BURDELL

N/A

$157,500

-1.3%

-6.5%

ANNANDALE

$452,000

9.1%

$415,000

-2.6%

-9.4%

BUSHLAND BEACH

N/A

$154,500

3.0%

1.6%

BOHLE PLAINS

N/A

$415,000

-2.9%

-3.4%

KELSO

N/A

$140,000

5.7%

-6.6%

BURDELL

$427,500

8.2%

$411,250

-7.6%

8.8%

MOUNT LOUISA

N/A

$176,500

-4.6%

5.1%

BUSHLAND BEACH

$382,500

-3.2%

$391,000

-6.4%

0.6%

MOUNT LOW

$158,000

N/A

$157,000

-2.5%

0.0%

CONDON

$300,000

-6.3%

$288,500

-0.5%

-12.1%

OONOONBA

N/A

$157,000

-1.9%

-23.7%

SHAW

N/A

$159,500

3.1%

N/A

COSGROVE

N/A

$390,000

N/A

CRANBROOK

N/A

$285,000

-1.7%

-12.4%

CURRAJONG

N/A

$292,000

-2.3%

-2.6%

DEERAGUN

N/A

$302,500

-2.8%

-11.3%

RENTAL MARKET - 3 BED HOUSES

DOUGLAS

$399,000

0.1%

$390,000

-1.8%

-7.7%

POST

GULLIVER

N/A

$271,000

-10.3%

2.4%

CODE

HEATLEY

$255,000

N/A

$255,000

-7.6%

-10.7%

HERMIT PARK

$325,000

-12.2%

$346,000

-3.9%

-7.7%

HYDE PARK

N/A

$377,500

18.3%

IDALIA

$520,000

1.7%

$522,500

KELSO ~

$255,000

-3.7%

KIRWAN

$337,500

MOUNT LOUISA

MUNDINGBURRA

DEC-15 LOCALITYL

$/WEEK

DEC-14

NEW BONDS $/WEEK

NEW BONDS

TOWNSVILLE CITY

$310

689

$320

707

4810

BELGIAN GARDENS

$340

$350

-13.3%

4811

IDALIA

$320

2.0%

7.1%

4812

CURRAJONG

$330

$270,000

-10.0%

-8.4%

4814

AITKENVALE

$320

168

$330

208

0.8%

$340,000

-2.2%

-7.3%

4815

CONDON

$290

119

$300

$365,000

-10.4%

$375,000

0.0%

-7.4%

4816

ALLIGATOR CREEK

$260

$300

$370,000

N/A

$349,000

-8.2%

2.8%

4817

KIRWAN

$320

$330

120

NORTH WARD ~

N/A

$690,000

25.5%

-12.0%

4818

DEERAGUN

$295

116

$320

104

OONOONBA

N/A

$287,500

-6.5%

-2.4%

4819

MAGNETIC IS

$350

$280

RAILWAY ESTATE

$372,500

30.2%

$352,500

6.8%

-5.7%

BURDEKIN SHIRE

$260

$270

RANGEWOOD ^

N/A

$465,000

-4.1%

-3.0%

4806

ARKENDEITH

$250

$260

RASMUSSEN

$395,000

-2.5%

$374,500

36.2%

-6.8%

4807

AIRVILLE

$260

$275

1.5%

-11.0%

CHARTERS TOWERS REGIONAL

$250

RICHMOND HILL

$250

HINCHINBROOK SHIRE

$250

$240

ABERGOWRIE

$250

$240

TOWNSVILLE HOUSE SALES (p) 6 N/A N/A $350,000

SOUTH TOWNSVILLE THURINGOWA CENTRAL

SEP 15N/A

DEC 15 N/A

$302,500

-1.6%

-17.8%

VINCENT

N/A

$247,500

-7.6%

-6.1%

WEST END

N/A

$360,000

2.9%

-5.8%

WULGURU

$295,500

N/A

$292,000

-1.4%

-9.8%

222

149

171

4820 4850

RENTAL MARKET - 2 BED UNITS

SURROUNDS BURDEKIN (LGA) ~

N/A

$181,000

-11.7%

-24.6%

AYR ~

$177,500

-15.5%

$202,500

66 -16.9%

-3.7%

CHARTERS TOWERS (LGA) ~

N/A

$172,500

-7.3%

-13.8%

CHARTERS TOWERS CITY ~

N/A

$152,500

-13.4%

-10.9%

<$350k

HINCHINBROOK (LGA)

$350K+

INGHAM ~

N/A

$500K+

N/A

$220,000

-3.3%

-12.9%

4 N/AUNIT SALES N/A $210,000 TOWNSVILLE (p)

-12.5%

1.1%

SEP 15

DEC 15

SALES MARKET - UNITS & TOWNHOUSES

TOWNSVILLE CITY

$260

729

$280

735

4810

BELGIAN GARDENS

$285

329

$290

341

4811

IDALIA

$355

$310

4812

CURRAJONG

$230

153

$250

133

4814

AITKENVALE

$260

$280

101

4815

CONDON

$230

$282

4817

KIRWAN

$240

$260

4818

DEERAGUN

$240

$239

4819

MAGNETIC IS

$300

$220

BURDEKIN SHIRE

$200

$210

AIRVILLE

$210

$220

CHARTERS TOWERS REGIONAL

$170

$220

RICHMOND HILL

$170

$220

HINCHINBROOK SHIRE

$200

$180

ABERGOWRIE

$200

$180

TOWNSVILLE41(LGA) ~

103

$290,000

5.1%

$280,000

-1.8%

-15.0%

BELGIAN GARDENS

N/A

$330,000

10.7%

-8.3%

DOUGLAS

N/A

$312,500

5.2%

0.2%

22 $290,000

-17.1%

$306,000

0.3%

-14.4%

N/A

$240,000

5.5%

-9.4%

NORTH WARD ~

PIMLICO

SOUTH TOWNSVILLE *

N/A

N/A 9

$468,500

-9.7%

-7.0%

TOWNSVILLE CITY ~

$422,500

-15.1%

$438,000

25.1%

-1.6%

WEST END ~

N/A

$200,000

-17.5%

<$250k

$250K+

$350K+

$500K+

$1M+

TOWNSVILLE LAND SALES (p) SEP 15

-31.9%

4820 4850

RENTAL MARKET - 3 BED TOWNHOUSES TOWNSVILLE CITY

$300

$340

4810

BELGIAN GARDENS

$300

N.A.

4812

CURRAJONG

$300

$350

DEC 15

RENTAL MARKET - 2 BED TOWNHOUSES

<$250k

4807

5 $250K+

TOWNSVILLE CITY

$275

$270

4810

BELGIAN GARDENS

$290

$260

4812

CURRAJONG

$250

$270

4814

AITKENVALE

$285

$270

1 $350K+

DECEMBER QUARTER 2015

REGIONAL MARKET UPDATES

CAIRNS The Cairns economy has performed well in the second half of 2015 and the housing market sentiment among locals and industry insiders is extremely positive. The crane index has been dormant in Cairns for many years, but with the $50 million Cairns Aquarium now under construction the Cairns skyline will finally welcome back a crane.

CAIRNS & DOUGLAS HOUSE SALES (p) CAIRNS HOUSE SALES SEP 15 DEC 15 CAIRNS & & DOUGLAS DOUGLAS HOUSE SALES (p) (p) SEP 15 DEC 15 247 247 247

160 160 160

Construction on several big-ticket items is about to commence and this is likely to have a multiplier effect on sentiment. Cranes breed cranes, as one local agent said! The lower Aussie dollar is also benefiting Cairns’ tourism industry with both international and local visitors coming in good numbers. Additionally, new, regular flights have opened up between Cairns and Toowoomba from Toowoomba’s Wellcamp Airport and this will bring additional visitors.

Average days on market are 70, which is just two days longer than this time last year, and vendor discounting has eased slightly, to 8.9 per cent, from 7.7 per cent.

DEC 15

119 119 119

114 114 114

<$350k <$350k <$350k

$350K+ $350K+ $350K+

101 101 101

4 4 4

$500K+ $500K+ $500K+

$1M+ $1M+ $1M+

6 6 6

CAIRNS & DOUGLAS UNIT SALES (p) CAIRNS UNIT SALES SEP 15 DEC 15 CAIRNS & & DOUGLAS DOUGLAS UNIT SALES (p) (p) SEP 15 SEP 15

219 219 219

DEC 15 DEC 15

186 186 186

63 63 63

HOUSE MARKET

While the local economy is clearly moving into positive growth phase, house sales volumes have dipped a little, causing a similar small dip in the median house price.

SEP 15

229 229 229

<$250k <$250k <$250k

64 64 64

43 43 43

$250K+ $250K+ $250K+

34 34 34

$350K+ $350K+ $350K+

19 19 19

$500K+ $500K+ $500K+

6 6 6 6 6 6 $1M+ $1M+ $1M+

CAIRNS & DOUGLAS LAND SALES (p) CAIRNS & & DOUGLAS DOUGLAS LAND SALES (p) (p) SEP 15 DEC 15 CAIRNS LAND SALES 56 56 56

SEP 15 SEP 15

59 59 59

DEC 15 DEC 15

Largely, the indicators reveal a consistent picture for the Cairns house market, with these small variances not really indicative of the bigger picture but more reflective of a traditionally quiet December quarter. 11 11 11

UNIT MARKET

This market is being affected by high body corporate fees, which is among the highest fees in the state, according to locals. Agents are reporting high level of enquiry from investors who are attracted to an affordable investment unit in Cairns, lured in by good yields and return on investment. However, body corporate fees, which can average around $4000 a year and be as high as $20,000, are serving to redirect the interest towards detached housing. Cairns’ apartment market is very well stocked and existing supplies are still being absorbed from the busy unit construction period prior to 2012. Local agents don’t expect any upward pressure on pricing to take effect until mid-to-late 2016.

<$250k <$250k <$250k

12 12 12

$250K+ $250K+ $250K+

5 5 5

2 2 2 $350K+ $350K+ $350K+

0 0 0 $500K+ $500K+ $500K+

RENTAL MARKET

The Cairns vacancy rate for December was 2.5 per cent. This is tight and reflects a very busy rental market. Accordingly, investors are getting great returns, and gross rental yields for units are the highest in the state, at 6.7 per cent, and a solid 4.7 per cent for houses. Rents for three-bed houses and two-bed units responded to the upward pressure and edged up slightly, while three-bed townhouses, which command an average of $350 a week, went down by more than $20.

The Cairns vacancy rate... is tight and reflects a very busy rental market. 34 QUEENSLAND MARKET MONITOR

REGIONAL MARKET UPDATES

SALES MARKET - HOUSES SUBURB

NUMBER OF SALES

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

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

NUMBER OF SALES

SUBURB

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

CAIRNS (LGA)

449

$400,000

-1.2%

$400,000

3.9%

8.8%

CAIRNS (LGA) ^ ~

$643,500

-1.0%

$620,000

6.9%

-7.5%

DOUGLAS (LGA) ~

$205,365

-1.7%

$217,500

-9.4%

-7.4%

BAYVIEW HEIGHTS

$370,000

2.8%

$380,000

-2.6%

9.4%

PORT DOUGLAS ~

$212,500

1.7%

$215,000

-10.4%

-8.1%

ATHERTON

N/A

$205,000

3.8%

-29.9%

BENTLEY PARK

$367,000

0.1%

$347,500

-1.4%

6.0%

BRINSMEAD

$452,500

-3.5%

$445,000

4.7%

5.3%

SURROUNDS

BUNGALOW

N/A

$344,500

-1.6%

8.5%

CARAVONICA

N/A

$375,000

6.2%

2.5%

CLIFTON BEACH

$510,000

N/A

$535,000

2.9%

4.0%

CAIRNS (LGA) ~

$208,000

4.8%

$205,000

4.9%

20.6%

EARLVILLE

$385,000

1.3%

$361,250

2.3%

15.7%

EDMONTON

$154,350

N/A

$153,800

13.3%

15.6%

SALES MARKET - VACANT LAND

EDGE HILL

$480,000

-2.0%

$485,000

0.5%

1.6%

GORDONVALE

N/A

$140,000

7.7%

15.1%

EDMONTON

$345,000

3.1%

$335,000

-2.2%

4.7%

KANIMBLA

N/A

$245,000

1.0%

14.0%

FRESHWATER ~

N/A

$502,500

5.8%

-3.1%

KEWARRA BEACH

N/A

$248,000

N/A

GOLDSBOROUGH ^

N/A

$470,000

3.9%

N/A

REDLYNCH ~ *

N/A

$244,100

19.7%

39.5%

GORDONVALE

$315,000

1.3%

$311,000

3.7%

5.3%

SMITHFIELD ~

N/A

$208,250

8.8%

15.7%

GORDONVALE ^

N/A

$650,000

22.9%

-8.8%

TRINITY PARK *

N/A

$225,000

2.5%

26.2%

HOLLOWAYS BEACH

N/A

$376,250

-6.2%

15.6%

KANIMBLA

N/A

$503,000

8.2%

2.9%

SURROUNDS

KEWARRA BEACH ~

$402,000

-5.4%

$428,000

0.7%

7.6%

CASSOWARY COAST (LGA)

N/A

$88,000

-1.1%

-34.8%

MANOORA

N/A

$310,000

14.8%

-9.2%

MISSION BEACH

N/A

$114,000

17.5%

N/A

DOUGLAS (LGA)

N/A

$147,110

0.8%

5.1%

MANUNDA

$313,500

N/A

$340,000

7.9%

3.3%

MOOROOBOOL

$400,000

13.5%

$385,000

4.1%

8.8%

MOUNT SHERIDAN ~

$385,000

1.3%

$370,000

1.7%

5.4%

PALM COVE ~

N/A

$700,500

24.5%

19.7%

MAREEBA (LGA)

N/A

$95,000

7.3%

-3.1%

PARRAMATTA PARK

N/A

$422,000

11.1%

-2.6%

MAREEBA

N/A

$95,000

6.2%

-3.1%

REDLYNCH

$475,000

3.5%

$460,000

2.2%

10.8%

SMITHFIELD

$405,000

-4.1%

$415,000

2.5%

12.2%

TRINITY BEACH ~

$464,000

-7.2%

$480,000

2.1%

20.5%

RENTAL MARKET - 3 BED HOUSES

TRINITY PARK

$416,500

-4.3%

$425,000

-1.2%

13.2%

POST

WESTCOURT

N/A

$350,000

0.7%

11.7%

CODE

WHITE ROCK

$358,000

13.7%

$330,000

11.5%

5.8%

WHITFIELD

$467,500

0.0%

$498,000

-3.8%

15.0%

WOREE

N/A

$360,000

8.6%

0.5%

SURROUNDS CASSOWARY COAST (LGA)

$250,000

10.5%

$242,500

1.0%

-9.3%

CASSOWARY COAST (LGA) ^

$330,000

N/A

$360,000

14.3%

5.1%

DOUGLAS (LGA) ~

N/A

$430,000

7.8%

11.3%

PORT DOUGLAS

N/A

$530,000

2.4%

3.5%

MAREEBA (LGA)

$265,000

4.5%

$266,250

-3.9%

-6.6%

MAREEBA (LGA) ^ ~

$420,500

-11.5%

$450,000

6.5%

9.8%

KURANDA ^

N/A

$460,000

7.0%

1.8%

MAREEBA

$260,000

2.6%

$267,500

-4.5%

-1.8%

TABLELANDS (LGA) ~

$281,000

-9.9%

$305,000

5.2%

3.4%

TABLELANDS (LGA) ^ ~

$370,000

N/A

$405,000

1.3%

2.5%

ATHERTON ~

$325,000

2.2%

$310,000

0.0%

-0.6%

TOLG A ^

N/A

$410,000

-4.7%

-3.4%

SALES MARKET - UNITS & TOWNHOUSES CAIRNS (LGA)

267

$225,000

-2.2%

$225,000

3.9%

-14.3%

BUNGALOW ~

N/A

$158,000

7.9%

-6.0%

CAIRNS CITY ~ f

$388,000

4.9%

$375,000

27.3%

-11.2%

CAIRNS NORTH ~

$245,000

4.3%

$240,000

8.1%

-16.7%

EARLVILLE ~

N/A

$215,000

18.3%

-18.6%

EDGE HILL ~

N/A

$200,000

22.0%

-9.1%

EDMONTON ~ t

N/A

$183,097

26.5%

4.9%

FRESHWATER

N/A

$317,500

27.0%

15.5%

MANOORA ~

$195,000

13.0%

$167,500

11.7%

-9.5%

MANUNDA ~

$133,000

-5.0%

$141,000

-14.6%

-22.3%

MOOROOBOOL ~

$207,500

N/A

$216,500

7.2%

0.7%

PALM COVE ~

$272,500

-19.9%

$270,000

-2.0%

-20.6%

PARRAMATTA PARK ~

N/A

$247,000

-3.1%

-4.1%

TRINITY BEACH ~

$240,000

-21.3%

$259,500

0.8%

-7.5%

WESTCOURT ~

$222,000

N/A

$225,000

1.1%

-10.0%

WOREE ~

$118,750

-22.0%

$125,000

-2.3%

-20.9%

YORKEYS KNOB

$211,000

N/A

$215,000

-1.8%

-14.7%

DEC-15 LOCALITYL

$/WEEK

DEC-14

NEW BONDS $/WEEK

NEW BONDS

CAIRNS REGIONAL

$365

390

$360

441

4865

GOLDSBOROUGH

$330

$325

4868

BAYVIEW HEIGHTS

$350

4869

BENTLEY PARK

$340

$335

4870

AEROGLEN

$375

137

$370

159

4878

BARRON

$390

$360

4879

BUCHAN POINT

$395

$390

DOUGLAS SHIRE

$350

BAILEY CREEK

$340

$300

CASSOWARY COAST REGIONAL

$285

$280

109

4849

CARDWELL

$290

$280

4852

BINGIL BAY

$320

$360

4854

BILYANA

$290

$280

4858

COMOON LOOP

$300

N.A.

4860

BAMBOO CREEK

$280

$260

TABLELANDS REGIONAL

$280

$290

4872

BARRINE

$310

$260

4882

TOLG A

$305

$350

4883

ATHERTON

$290

4884

LAKE BARRINE

$300

4885

BUTCHERS CREEK

$280

$265

4887

HERBERTON

$280

N.A.

4888

EVELYN

$250

$260

MAREEBA SHIRE

$300

$320

ARRIGA

$300

$310

4873

4880

DECEMBER QUARTER 2015

REGIONAL MARKET UPDATES

RENTAL MARKET - 2 BED UNITS POST CODE

RENTAL MARKET - 3 BED TOWNHOUSES DEC-15

$/WEEK

LOCALITYL

NEW BONDS $/WEEK

NEW BONDS

CAIRNS REGIONAL

$290

840

$280

771

4868

BAYVIEW HEIGHTS

$265

$250

4869

BENTLEY PARK

$250

$260

4870

AEROGLEN

$290

522

$270

482

4878

BARRON

$290

$270

4879

BUCHAN POINT

$310

112

$300

119

DOUGLAS SHIRE

$290

$280

4873

BAILEY CREEK

$215

$220

4877

CRAIGLIE

$290

$280

CASSOWARY COAST REGIONAL

$200

4849

CARDWELL

$210

4852

BINGIL BAY

$215

$230

4854

BILYANA

$140

$120

4860

BAMBOO CREEK

$190

TABLELANDS REGIONAL

$220

$230

ATHERTON

$230

$240

MAREEBA SHIRE

$250

$230

ARRIGA

$250

4883 4880

CAIRNS REGIONAL

$350

4870

AEROGLEN

$340

$350

4879

BUCHAN POINT

$345

N.A.

DOUGLAS SHIRE

$400

$375

CRAIGLIE

$400

$375

DEC-14

4877

RENTAL MARKET - 2 BED TOWNHOUSES CAIRNS REGIONAL

$260

4868

BAYVIEW HEIGHTS

$240

$270

4869

BENTLEY PARK

$220

N.A.

4870

AEROGLEN

$265

4878

BARRON

$270

$260

4879

BUCHAN POINT

$275

$290

DOUGLAS SHIRE

$330

$300

CRAIGLIE

$330

$300

4877

OTHER REGIONAL RENTAL MARKET - 2 BED UNITS

SALES MARKET - HOUSES

POST NUMBER OF SALES

SUBURB

MEDIAN SALE

QTRLY CHANGE

ANNUAL MEDIAN SALE

1YR 5YR CHANGE CHANGE

SOUTH-WEST MARANOA (LGA)

N/A

$260,000

-8.8%

-6.8%

ROMA

$260,000

7.7%

$275,000

-11.0%

7.3%

CHARLEVILLE ~

N/A

$119,000

0.9%

-20.0%

MOUNT ISA (LGA) ~

N/A

$332,000

-7.3%

-5.1%

COOKTOWN

N/A

$225,000

-7.7%

-17.8%

TABLELANDS (LGA)

N/A

$103,000

2.0%

-12.0%

ATHERTON ~ *

N/A

$100,000

0.0%

-19.7%

RENTAL MARKET - 3 BED HOUSES SOUTH WEST

4470

BALONNE SHIRE

$220

$240

ST GEORGE

$220

$240

MARANOA REGIONAL

$250

$400

ROMA

$250

$400

MURWEH

$210

$230

CHARLEVILLE

$230

LONGREACH

$215

$270

BRIXTON

$215

$275

BLACKALL-TAMBO

$150

N.A.

BLACKALL

$150

N.A.

CLONCURRY SHIRE

$300

$380

CLONCURRY

$300

$380

MOUNT ISA CITY

$400

$450

ALEXANDRIA

$400

$450

CENTRAL WEST 4730 4472

NORTH WEST 4824 4825

$/WEEK

DEC-14

NEW BONDS $/WEEK

NEW BONDS

SOUTH WEST 4487 4455

BALONNE SHIRE

$180

N.A.

ST GEORGE

$180

N.A.

MARANOA REGIONAL

$185

$280

ROMA

$200

$280

CLONCURRY SHIRE

$280

N.A.

CLONCURRY

$280

N.A.

MOUNT ISA CITY

$250

$300

ALEXANDRIA

$250

$300

CENTRAL WEST

FAR NORTH COOK SHIRE

$270

$300

4871

ALMADEN

$250

$260

4895

BLOOMFIELD

$270

$330

36 QUEENSLAND MARKET MONITOR

4824 4825

SALES MARKET - VACANT LAND

4455

DEC-15 LOCALITYL

NORTH WEST

NORTH-WEST

4487

CODE

FAR NORTH COOK SHIRE

$200

$265

4871

ALMADEN

$180

N/A

4895

BLOOMFIELD

$280

$265

ON THE MARKET INDICATORS

ON THE MARKET INDICATORS HOUSES LGA

TOTAL LISTINGS

12MTHS ENDING AUG

2015*

% STOCK ON MARKET

2014*

2015*

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

DAYS ON MARKET* VENDOR DISCOUNT*

2014*

2015*

2014*

2015*

2014*

PTS

BRISBANE SD

44,979

44,337

7.1%

-5.5%

-5.7%

0.0%

0.1%

BRISBANE

19,807

20,105

6.5%

6.6%

-5.5%

-1%

-0.1%

-0.0%

IPSWICH

4,623

4,404

7.5%

7.2%

-6.3%

-6.5%

0.2%

LOGAN

6,751

6,409

7.6%

7.4%

-5.3%

-5.8%

0.2%

-2

0.5%

MORETON BAY

9,832

9,550

7.5%

7.4%

-5.2%

-5.4%

0.2%

REDLAND

3,966

3,869

7.9%

8.4%

-5.6%

-5.7%

-0.5%

0.1%

GOLD COAST

10,335

9,962

8.2%

7.9%

-5.4%

-6.1%

0.3%

-1

0.6%

SUNSHINE COAST SD

9,273

9,276

9.1%

9.5%

-5.8%

-5.9%

-0%

-0.4%

-1

0.1%

SUNSHINE COAST

7,262

7,273

8.8%

9.2%

-5.5%

-5.6%

-0%

-0.4%

-1

0.1%

NOOSA

2,011

2,003

10.4%

10.5%

104

107

-6.7%

-0.0%

-3

0.0%

FRASER COAST

3,752

3,550

10.0%

9.6%

112

109

-7.8%

-7.9%

0.5%

0.1%

CAIRNS

3,467

3,058

7.6%

6.8%

-6.5%

-5.7%

13%

0.7%

-0.8% -0.2%

BUNDABERG

2,881

2,814

8.4%

106

-8.0%

-7.9%

0.1%

GLADSTONE

1,561

1,692

7.0%

7.7%

111

-9.6%

-9.9%

-8%

-0.7%

-13

0.3%

MACKAY

2,620

2,686

6.8%

7.0%

110

-12.0%

-9.7%

-2%

-0.2%

-2.2%

ROCKHAMPTON

2,181

2,237

7.7%

7.9%

104

-9.4%

-8.7%

-3%

-0.2%

-0.7%

TOOWOOMBA

4,168

4,202

8.3%

8.5%

-5.6%

-4.5%

-1%

-0.1%

-1.1%

TOWNSVILLE

4,225

4,255

6.9%

7.1%

-8.9%

-7.7%

-1%

-0.2%

-1.2%

QMM DATA

OTM_Year on Year

Average Days O

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

160 2014*

2015*

140

100

2014*

2015*

Logan

120

Brisbane

*12mths to t Source: REIQ, data su

120 80

100

80 60

40 20

0.0%

-2.0%

-4.0%

Gold Coast

Sunshine Coast SD

Redland

Moreton Bay

-6.0%

-8.0%

-10.0%

-12.0%

-12.0% -14.0%

Ipswich

BRISBANE SD

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

2014*

2015*

-14.0% -16.0%

Average Vendor Discounting - HOUSES

2014*

2015*

Average Vendor

DECEMBER QUARTER 2015

ON THE MARKET INDICATORS

UNITS & TOWNHOUSES LGA

% STOCK ON MARKET

TOTAL LISTINGS

DAYS ON MARKET*

2014*

2015*

2014*

VENDOR DISCOUNT* 2015*

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

12MTHS ENDING AUG

2015*

2014*

BRISBANE SD

14,094

13,280

7.4%

-5.1%

0.0%

-0.0%

BRISBANE

9,470

8,739

6.7%

6.5%

-4.7%

0.2%

-0.0%

IPSWICH

2015*

CHANGE OVER YEAR

2014*

PTS

466

459

9.1%

10.4%

110

-7.1%

-7.4%

-1.3%

0.2%

LOGAN

1,489

1,454

10.4%

10.5%

-5.9%

-6.1%

-0.1%

-6

0.2%

MORETON BAY

2,004

2,002

8.9%

9.3%

102

-5.7%

-5.8%

-0.4%

0.0%

665

626

9.1%

-5.4%

-5.1%

0.0%

-0.3%

GOLD COAST

11,629

10,900

9.5%

9.1%

-5.9%

-6.6%

0.4%

-1

0.6%

SUNSHINE COAST SD

4,823

4,763

9.8%

9.7%

103

106

-6.2%

-6.5%

0.1%

-2

0.4%

REDLAND

SUNSHINE COAST

3,755

3,673

9.7%

9.6%

103

-6.0%

-6.5%

0.1%

-4

0.5%

NOOSA

1,068

1,090

10.0%

119

114

-6.9%

-6.6%

-2%

-0.0%

-0.3%

FRASER COAST

611

538

12.9%

11.6%

123

104

-6.9%

-6.3%

14%

1.3%

-0.6%

1,993

1,838

9.1%

8.3%

-7.3%

0.8%

-0.1%

BUNDABERG

395

397

10.7%

11.0%

122

146

-7.5%

-8.8%

-1%

-0.3%

-24

1.3%

GLADSTONE

237

249

6.2%

6.6%

126

129

-10.5%

-13.1%

-5%

-0.5%

-3

2.6%

MACKAY

476

455

7.4%

7.2%

134

138

-12.1%

-14.0%

0.2%

-5

1.9%

ROCKHAMPTON

189

159

7.9%

7.2%

118

107

-6.2%

-7.6%

19%

0.7%

1.4%

TOOWOOMBA

563

564

7.5%

8.3%

-4.5%

-4.4%

-0%

-0.9%

-0.2%

TOWNSVILLE

1,212

1,210

9.7%

10.0%

111

125

-8.9%

-9.9%

-0.2%

-14

0.9%

CAIRNS

OTM_Year on Year

Average Days On Market - UNITS

arket - HOUSES

of November y CoreLogic RP Data

2014*

2015*

Logan

140

Brisbane

*12mths to the end of November Source: REIQ, data supplied by CoreLogic RP Data 160

120 100 80 60 40

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

unting - HOUSES

38 QUEENSLAND MARKET MONITOR

2014*

2015*

Average Vendor Discounting - UNITS

Townsville

Toowoomba

Mackay

0.0%

Rockhampton

Gladstone

Bundaberg

Cairns

Noosa

Fraser Coast

Sunshine Coast

Gold Coast

Sunshine Coast SD

Redland

Moreton Bay

Ipswich

BRISBANE SD

Townsville

Toowoomba

Mackay

Rockhampton

Gladstone

Bundaberg

Cairns

20 Fraser Coast

PTS

RENTAL MARKET INDICATORS

RENTAL MARKET INDICATORS GROSS YIELDS QUARTER:

HOUSES DEC-15

UNITS

SEP-15

DEC-15

SEP-15

GREATER BRISBANE

RESIDENTIAL VACANCY RATES AS AT END OF:

DEC-15

SEP-15

GREATER BRISBANE

BRISBANE

3.5%

3.6%

4.8%

BRISBANE SD

2.8%

2.3%

4.8%

4.9%

4.6%

5.1%

BRISBANE

3.1%

2.8%

LOGAN

4.9%

5.1%

5.7%

5.9%

BRISBANE INNER (0-5KM)

3.8%

3.3%

MORETON BAY

4.3%

4.5%

4.4%

BRISBANE BAL (5-20KM)

2.1%

2.4%

REDLAND

4.1%

4.2%

5.0%

4.4%

BRISBANE SURROUNDS

2.3%

1.7%

IPSWICH

2.5%

1.3%

GOLD COAST

4.2%

4.3%

5.3%

5.7%

LOGAN

2.9%

1.9%

SUNSHINE COAST

4.4%

4.9%

MORETON BAY

1.9%

1.6%

NOOSA

4.3%

4.5%

4.3%

CABOOLTURE

1.4%

1.6%

FRASER COAST

5.2%

5.0%

5.7%

5.9%

PINE RIVERS

2.9%

1.3%

CAIRNS

4.7%

6.7%

6.6%

REDCLIFFE

1.5%

1.6%

2.5%

REGIONAL/RESOURCE AREAS

REDLAND

BUNDABERG

5.4%

5.5%

4.6%

4.2%

MAINLAND

1.6%

2.6%

GLADSTONE

3.8%

4.4%

N/A

BAY ISLANDS

2.2%

2.3%

MACKAY

4.3%

4.4%

3.7%

5.0%

TOURISM CENTRES

ROCKHAMPTON

5.4%

5.5%

N/A

3.3%

GOLD COAST

TOOWOOMBA

4.4%

4.2%

TOWNSVILLE

4.6%

4.7%

5.3%

OTHER REGIONAL AREAS 7.7%

N/A

1.1%

1.7%

SUNSHINE COAST SD

1.3%

1.3% 1.4%

SUNSHINE COAST

1.4%

CALOUNDRA COAST

1.7%

0.9%

MAROOCHY COAST

1.3%

1.6%

BURDEKIN

N/A

CASSOWARY COAST

5.9%

6.6%

N/A

HINTERLAND

1.6%

1.5%

CENTRAL HIGHLANDS

N/A

6.3%

N/A

NOOSA

0.7%

0.9%

CHARTERS TOWERS

N/A

7.2%

N/A

FRASER COAST

3.5%

3.3%

DOUGLAS

N/A

4.1%

7.3%

8.0%

HERVEY BAY

3.3%

GOONDIWINDI

N/A

7.5%

N/A

MARYBOROUGH

3.4%

GYMPIE

5.4%

5.0%

N/A

CAIRNS

2.5%

2.6%

REGIONAL QLD 4.6%

HINCHINBROOK

N/A

5.7%

N/A

ISAAC

N/A

6.0%

N/A

BUNDABERG

3.9%

LIVINGSTONE

4.2%

4.3%

4.0%

N/A

GLADSTONE

10%

7.1%

LOCKYER VALLEY

6.3%

5.8%

N/A

MACKAY

9.3%

9.1%

MAREEBA

N/A

7.0%

N/A

ROCKHAMPTON

6.1%

4.5%

MOUNT ISA

N/A

6.2%

N/A

TOOWOOMBA

3.2%

2.7%

6.4%

5.6%

NORTH BURNETT

N/A

TOWNSVILLE

SCENIC RIM

5.3%

4.3%

N/A

OTHER REGIONAL AREAS

SOMERSET

N/A

6.0%

N/A

BURDEKIN

SOUTH BURNETT

7.0%

6.9%

N/A

CASSOWARY COAST

10.5%

N/A

8.2%

SOUTHERN DOWNS

5.6%

5.3%

N/A

GYMPIE

N/A

1.2%

TABLELANDS

5.2%

4.7%

N/A

ISAAC

N/A

12.5%

WESTERN DOWNS

5.9%

4.8%

N/A

LIVINGSTONE

N/A

7.4%

WHITSUNDAY

4.1%

4.4%

3.9%

4.7%

LOCKYER VALLEY

N/A

2.8%

MARANOA

13.5%

14.5%

MOUNT ISA

9.4%

6.3%

MURWEH

N/A

14.5%

* change greater than 0.5 pts

Vacancy Trend: Steady = +/- 0 to 0.2%pts Up = +0.3% pts or more Down = -0.3% pts or more * change greater than 0.5 pts

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

TREND

STATUS

% PTS

IPSWICH

TOURISM CENTRES

CHANGE

SOMERSET

N/A

3.7%

SOUTH BURNETT

5.9%

3.4%

SOUTHERN DOWNS

5.5%

3.5%

TABLELANDS

5.6%

4.7%

WHITSUNDAY

9.5%

10.7%

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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DECEMBER QUARTER 2015