your state-wide property research guide suburb by suburb REIQ QMM STATE-WIDE COMMENTARY ISSUE 21 QUEENSLAND MARKET MONITOR ISSUE 21 DECEMBER QTR 2013 >p2 Giving real estate professionals the competitive edge Visit rpdata.com or phone 1300 734 318 to find out how. Proudly supported by QUEENSLAND HOUSE SALES PEAK SALES MARKET The numbers of house sales across Queensland peaked at the end of last year as well as recorded healthy price growth according to the REIQ’s Queensland Market Monitor (QMM) for the December quarter. December quarter data shows that the volume of house sales hit its annual peak of activity in the last three months of 2013. The numbers of sales was also one of the healthiest quarterly periods for a number of years. Not only can the December quarter claim to be the third strongest in as many years, it was also firming without the aid of extraneous stimulus measures. Queensland’s most recent peak was in September 2012 when the return of stamp duty concessions underpinned the increased sales activity.
The Queensland Market Monitor includes: • Median sale prices for houses, units/townhouses and land; • Median weekly rents for houses, units and townhouses; • Gross rental yields and vacancy rates; • On-the-market Indicators; • LGA snapshot charts; • Price point graphs; and • State-wide and regional market commentary.
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your state-wide property research guide suburb by suburb
REIQ
QMM STATE-WIDE COMMENTARY
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DECEMBER QTR 2013
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Giving real estate professionalsthe competitive edgeVisit rpdata.com or phone 1300 734 318 to find out how.
Proudly supported by
QUEENSLAND HOUSE SALES PEAK SALES MARKET
The numbers of house sales across Queensland peaked at the end of last year as well as recorded healthy price growth according to the REIQ’s Queensland Market Monitor (QMM) for the December quarter.
December quarter data shows that the volume of house sales hit its annual peak of activity in the last three months of 2013. The numbers of sales was also one of the healthiest quarterly periods for a number of years.
Not only can the December quarter claim to be the third strongest in as many years, it was also firming without the aid of extraneous stimulus measures.
Queensland’s most recent peak was in September 2012 when the return of stamp duty concessions underpinned the increased sales activity.
However, the strength of this latest quarter is a direct reflection of the improving market and growing confidence levels.
The September quarter, or spring selling season, historically records the high numbers of sales. Last year, however, the December quarter trumped it with the preliminary numbers of house sales peaking at just shy of 10,000 for that three-month period.
This was the case across most major regions of the State which is a further signal that the Queensland market is well into its next growth phase. And when we compare 2013 to the very good times of 2007, we are sitting at about 75 per cent of the sales volumes that occurred during that year.
Not only are more properties selling, they are taking less time to do so and with less discounting. The most recent data shows that in Brisbane, for example, the average time it takes to sell a home has reduced to 74 days with average discounting from list prices sitting at about 6 per cent.
And REIQ accredited agencies are reporting that many properties are now selling for their asking prices or above with instances of multiple offers also increasing.
Just as the volume of sales is growing so too are median house prices in most regions. Over the December quarter, the Brisbane median house price increased 6 per cent to $562,000 – the third best performer over the quarter. There was a significant jump in sales between $500,000 and $1 million over the period which can partly explain this quarterly price increase.
Queensland market update 1
State-Wide Summary (cont’d) 2
REIQ Explanatory notes 5
Brisbane market updates
Brisbane City 6
Greater Brisbane 11
Regional market updates
Gold Coast 16
Toowoomba 19
Sunshine Coast 21
Fraser Coast 23
Bundaberg 25
Gladstone 27
Rockhampton 28
Mackay 30
Townsville 32
Cairns 34
Other Regional 36
On The Market Indicators 37
Average Vendor Discount
Average Days on Market
Total Listings
Rental Market Indicators 38
Gross rental yields
Residential vacancy rates
TABLE OF CONTENTS
REIQSTATE-WIDE SUMMARY CONTINUED
"The strength of this latest quarter is a direct reflection of the improving market and growing confidence levels"
MEDIAN SALE PRICE QUARTERLY MOVEMENTS
LGA HOUSES UNITS LANDSOUTH EAST QUEENSLANDBRISBANE (SD) 5.2% 3.5% 9.7%BRISBANE CITY 6.0% 2.0% 5.4%IPSWICH CITY 4.4% -7.8% ~ 3.0%LOGAN CITY 3.0% 5.7% ~ * -20.6% ~
TOWNSVILLE CITY 3.2% 7.7% ~ -0.9%CAIRNS 1.0% -14.7% ~ f -2.6%
996
993
759
960
732
185
183
117
136
153
60
84
67
76
66
33
23
21
32
28
9
6
7
5
2
DEC 12
MAR 13
JUN 13
SEP 13
Dec-‐13
QUEENSLAND LAND SALES (p) <$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary sales uploaded as at 5 weeks a6er the end of each quarterly period
583
758
711
873
770
1089
1028
1058
1221
1163
984
953
1034
1184
1148
451
510
532
588
669
62
91
88
110
116
DEC 12
MAR 13
JUN 13
SEP 13
Dec-‐13
QUEENSLAND UNIT SALES (p) <$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary sales uploaded as at 5 weeks a6er the end of each quarterly period
2923
2701
2852
3203
3024
3185
2917
3016
3359
3632
2070
1914
2081
2360
2856
193
181
225
249
292
DEC 12
MAR 13
JUN 13
SEP 13
Dec-‐13
QUEENSLAND HOUSE SALES (p)
<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary sales uploaded as at 5 weeks a6er the end of each quarterly period Source: REIQ, data provided by RP data
996
993
759
960
732
185
183
117
136
153
60
84
67
76
66
33
23
21
32
28
9
6
7
5
2
DEC 12
MAR 13
JUN 13
SEP 13
Dec-‐13
QUEENSLAND LAND SALES (p) <$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary sales uploaded as at 5 weeks a6er the end of each quarterly period
583
758
711
873
770
1089
1028
1058
1221
1163
984
953
1034
1184
1148
451
510
532
588
669
62
91
88
110
116
DEC 12
MAR 13
JUN 13
SEP 13
Dec-‐13
QUEENSLAND UNIT SALES (p) <$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary sales uploaded as at 5 weeks a6er the end of each quarterly period
2923
2701
2852
3203
3024
3185
2917
3016
3359
3632
2070
1914
2081
2360
2856
193
181
225
249
292
DEC 12
MAR 13
JUN 13
SEP 13
Dec-‐13
QUEENSLAND HOUSE SALES (p)
<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary sales uploaded as at 5 weeks a6er the end of each quarterly period Source: REIQ, data provided by RP data
996
993
759
960
732
185
183
117
136
153
60
84
67
76
66
33
23
21
32
28
9
6
7
5
2
DEC 12
MAR 13
JUN 13
SEP 13
Dec-‐13
QUEENSLAND LAND SALES (p) <$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary sales uploaded as at 5 weeks a6er the end of each quarterly period
583
758
711
873
770
1089
1028
1058
1221
1163
984
953
1034
1184
1148
451
510
532
588
669
62
91
88
110
116
DEC 12
MAR 13
JUN 13
SEP 13
Dec-‐13
QUEENSLAND UNIT SALES (p) <$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary sales uploaded as at 5 weeks a6er the end of each quarterly period
2923
2701
2852
3203
3024
3185
2917
3016
3359
3632
2070
1914
2081
2360
2856
193
181
225
249
292
DEC 12
MAR 13
JUN 13
SEP 13
Dec-‐13
QUEENSLAND HOUSE SALES (p)
<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary sales uploaded as at 5 weeks a6er the end of each quarterly period Source: REIQ, data provided by RP data
The top major region over the period was Moreton Bay which posted median house price growth of 7.7 per cent to $387,750. The Greater Brisbane region is attractive for first home buyers and investors given its relative affordability and also it has the lion’s share of new housing developments across the Brisbane area.
The next best performer was Toowoomba which again posted median price growth over the quarter. Its median house price increased 6.5 per cent to $329,000. Over the year ending December, its median grew by an impressive 8.5 per cent. Toowoomba’s proximity to the Surat Basin Energy Province continues to underpin its strong property market and potential for future growth.
The median price of units and townhouses across South East Queensland grew over the December quarter as well. The preliminary numbers of unit sales also increased six per cent over the year.
The unit market is continuing to improve in-line with the house sales market – albeit centred around the southeast corner.
A key difference between the Queensland house and unit markets is that predominantly the lion’s share of these types of properties is located in the southeast as that is where demand for housing is the greatest.
In fact, demand for units in Brisbane has resulted in record numbers of off-the-plan sales lately. According to recently-released research, more than 1,000 new apartment sales were transacted in the December quarter – the highest level since 2002.
3
STATE-WIDE SUMMARY
DECEMBER QUARTER 2013
MEDIAN SALE PRICES
LGA HOUSES UNITS LANDSOUTH EAST QUEENSLANDBRISBANE (SD) $465,000 $385,000 $215,000BRISBANE CITY $562,000 $408,000 $334,500IPSWICH CITY $308,000 $219,000 $172,450LOGAN CITY $345,000 $240,000 $158,900MORETON BAY $387,750 $299,000 $229,000REDLAND CITY $455,500 $351,000 $30,000GOLD COAST CITY (LGA) $480,000 $340,000 $230,000SUNSHINE COAST (LGA) $456,000 $340,000 $244,000MAJOR REGIONSTOOWOOMBA $329,000 $263,000 $155,000FRASER COAST $291,500 $220,000 $158,500BUNDABERG $280,000 $243,500 $122,000GLADSTONE $420,000 N/A $208,000ROCKHAMPTON $320,000 $279,500 $179,900MACKAY $410,000 $276,750 $225,000TOWNSVILLE CITY $357,000 $280,000 $160,750CAIRNS $355,000 $183,500 $170,000
PRELIMINARY SALES ACTIVITY
LGA HOUSES UNITS LANDSOUTH EAST QUEENSLANDBRISBANE (SD) UP DOWN DOWNBRISBANE CITY UP DOWN DOWNIPSWICH CITY UP STEADY DOWNLOGAN CITY STEADY DOWN STEADYMORETON BAY STEADY DOWN DOWNREDLAND CITY UP STEADY DOWNGOLD COAST CITY UP STEADY UPSUNSHINE COAST UP UP DOWNMAJOR REGIONSTOOWOOMBA UP STEADY DOWNFRASER COAST DOWN DOWN STEADYBUNDABERG STEADY STEADY DOWNGLADSTONE UP DOWN DOWNROCKHAMPTON STEADY STEADY STEADYMACKAY UP DOWN DOWNTOWNSVILLE CITY UP UP DOWNCAIRNS STEADY DOWN UP
The Real Estate Institute of Queensland Ltd. Copyright 2014
21 Turbo Drive, Coorparoo, PO Box 1555, Coorparoo DC Q 4151
Queensland Market Monitor is published byThe Real Estate Institute of Queensland (REIQ).
ABN 49 009 661 287
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.
Data report date: 6 February 2014Published date: 3 March 2014
RENTAL MARKET
The REIQ’s latest residential rental survey, carried out in December across all REIQ accredited agencies, has found that the majority of the State recorded higher vacancy rates compared to the three months before.
Over a third of REIQ member agencies reported an increase in investor activity, subsequently adding to the rental pool. In addition to this, the end of the year is historically a period of lower tenant demand with many vacating over the Christmas and New Year periods, usually in a move to another area for either work or educational reasons.
While local agents report seeing the beginning of easing asking rents, figures from the Residential Tenancies Authorities figures for the December quarter, are yet to show a decline in median weekly rents for South East Queensland and the Central Coast. While in the mining regions, where vacancy rates have been trending upwards for a number of consecutive quarters now, falling median weekly rents are becoming the norm.
(-) steady (u) up (d) down * change greater than 0.5 pts
(-) steady (u) up (d) down * change greater than 0.5 pts
(-) steady (u) up (d) down * change greater than $20
STATE-WIDE SUMMARY CONTINUED
4 QUEENSLAND MARKET MONITOR
STATE-WIDE SUMMARY
MEDIAN WEEKLY RENTS
LGA 3 BED H 2 BED F 3 BED TSOUTH EAST QUEENSLANDBRISBANE CITY $410 U $395 - $405 -IPSWICH CITY $300 U $250 U $310 -LOGAN CITY $340 U $260 - $330 -MORETON BAY $330 - $275 - $335 UREDLAND CITY $380 - $330 U $385 UGOLD COAST CITY $420 U* $355 U $380 USUNSHINE COAST $385 - $320 U $370 -MAJOR REGIONSTOOWOOMBA $290 U $240 U $330 U*FRASER COAST $275 - $220 U $310 UBUNDABERG $280 - $220 U $300 U*GLADSTONE $395 D* $330 D $480 D*ROCKHAMPTON $330 D $255 - $420 U*MACKAY $390 D* $300 D $380 D*TOWNSVILLE CITY 1 $340 D $280 - $280 DCAIRNS 1 $340 U $280 U $250 U
VACANCY RATES
LGA 30-DEC-13 TRENDSOUTH EAST QUEENSLANDBRISBANE CITY 3.2% UPIPSWICH CITY 2.1% UPLOGAN CITY 2.0% UPMORETON BAY 2.0% STEADYREDLAND CITY 2.4% UPGOLD COAST CITY 1.9% DOWNSUNSHINE COAST 1.1% DOWNMAJOR REGIONSTOOWOOMBA 1.3% STEADYFRASER COAST 3.4% UPBUNDABERG 4.3% UPGLADSTONE 7.7% UPROCKHAMPTON 7.0% UPMACKAY 7.7% UPTOWNSVILLE CITY 4.8% UPCAIRNS 2.0% UP
GROSS RENTAL YIELDS
LGA HOUSES UNITSSOUTH EAST QUEENSLANDBRISBANE CITY (LGA) 3.8% - 5.0% -IPSWICH CITY (LGA) 5.1% - 5.9% ULOGAN CITY (LGA) 5.1% - 5.6% DMORETON BAY (LGA) 4.4% D 4.8% -REDLAND CITY (LGA) 4.3% - 4.9% -GOLD COAST CITY (LGA) 4.6% - 5.4% -SUNSHINE COAST (LGA) 4.4% - 4.9% -MAJOR REGIONSTOOWOOMBA 4.6% D 4.7% -FRASER COAST 4.9% - 5.2% UBUNDABERG 5.2% D 4.7% U*GLADSTONE 4.9% D* N/A N/AROCKHAMPTON 5.4% - 4.7% D*MACKAY 4.9% - 5.6% D*TOWNSVILLE CITY 5.0% - 5.2% DCAIRNS 5.0% - 7.9% U*
REIQ RESEARCH EXPLANATORY NOTESSALES DATA
All figures for the most recent quarterly and yearly periods are to be considered preliminary and subject to further revision as additional sales records become available (see Research Methodology).
All sales data includes "Recent Sales" as advised by real estate agents as well as official records as advised by DNRM.
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 (representing 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 are published.
N/ADue to insufficient sales numbers (as at the time of data
extraction) no median sale price has been calculated
(LGA) Local Government Area
Brisbane (SD)
Brisbane Statistical Division which comprises the LGA’s
of Brisbane City, Ipswich City, Logan City, Moreton Bay
Regional and Redland City
^Indicates acreage sales only (with land size greater than
2400m2). All other data is based upon sales with a land
size of less than 2400 m2
~Median price changes influenced by varying quality of
stock sold
*Median price changes influenced by varying quantities
of new properties sold
fMedian price changes influenced by varying quantities
of waterfront properties sold
tMedians affected by varying quantities of townhouses
sold
GSales volumes and median affected by QLD government
sales in the area eg ULDA, NRAS sales.
y Median affected by high yielding property sales
1
Median price changes influenced by the varying
volumes of sales between the Mainland and Bay Islands
areas
PRICE POINT GRAPHS
All data contained within these graphs represent preliminary sales numbers available as at five weeks after the end of each quarterly period 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 (see Research Methodology).Source: REIQ, data obtained from RPData (www.rpdata.com.au). Enquiries about the reproduction of part or all of the information should be directed to the Corporate Affairs Division, REIQ.
Based on or contains data provided by the State of Queensland (Department of Natural Resources and Mines) 2013. In consideration of the State permitting use of this data you acknowledge and agree that the State gives no warranty in relation to the data (including accuracy, reliability, completeness, currency or suitability) and accepts no liability (including without limitation, liability in negligence) for any loss, damage or costs (including consequential damage) relating to any use of the data. Data must not be used for direct marketing or be used in breach of the privacy laws.
RENTAL DATA
All median weekly rents are published on a postcode basis, as calculated by the Residential Tenancies Authority, where sufficient data is available.
Caution should be exercised when interpreting any median rental price data based upon a relatively small number of new bond lodgements.
LListed localities (or suburbs) represent one of potentially several that fall within that postcode.
N.A.Due to insufficient new bond lodgements, no median rental price has been calculated
Source: Residential Tenancies Authority, Rental Bond lodgements (www.rta.qld.gov.au)
GROSS RENTAL YIELDS
House yields are based upon REIQ median house prices and RTA weighted median weekly rent for houses.
Unit yields are based upon REIQ median unit & townhouse prices and RTA weighted median weekly rent for 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.
A vacancy rate of 3 per cent is generally considered to indicate equilibrium of supply and demand within a rental market.
N/ADue to insufficient information received no vacancy rate
has been calculated
Source: REIQ Residential Rental Survey
5 DECEMBER QUARTER 2013
ON THE MARKET INDICATORS
At the time of publication, latest information available was for the 12 months to the end of November 2013.
"Average 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 and listings without an advertised asking price are excluded from the calculation.
"Average 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.
"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.
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
133
216
179
236
204
303
329
334
375
380
185
231
252
306
292
116
169
187
191
192
20
45
42
44
57
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
56
100
78
92
74
150
136
135
152
187
88
112
100
95
132
59
68
49
62
79
11
12
8
10
12
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
13
20
18
7
17
6
11
6
10
9
4
4
2
3
2
8
1
2
1
6
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BUNDABERG UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
115
115
134
146
142
30
30
25
41
31
17
12
12
29
13
11
13
12
14
20
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
CAIRNS UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
19
17
10
25
18
14
12
20
17
10
6
2
4
3
1
1
0
0
1
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
FRASER COAST UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
1
3
1
6
2
14
13
5
9
3
6
9
7
5
3
3
2
0
1
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GLADSTONE UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
26
37
30
33
33
33
35
28
23
27
24
11
11
11
25
7
10
6
8
8
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOWNSVILLE UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
6
9
10
18
8
24
12
11
14
9
13
10
20
5
6
4
4
3
4
1
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
MACKAY UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
15
7
14
12
12
1
8
5
9
12
5
9
7
6
11
3
5
1
1
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
ROCKHAMPTON UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
28
36
27
38
37
21
21
23
27
34
7
8
5
10
7
1
0
3
0
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOOWOOMBA UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
287
256
237
329
220
50
42
31
45
49
8
16
12
11
14
5
5
6
4
7
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE SURROUNDS LAND SALES (p)
<$250,000 $250,000+ $350,000+ $500,000+ Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
45
31
35
37
16
45
49
26
27
32
29
40
34
37
28
12
8
6
7
10
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY LAND SALES (p) <$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
38
55
34
39
25
2
1
1
3
2
0
2
1
3
2
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOOWOOMBA LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
62
62
33
37
40
0
1
2
2
3
0
1
1
1
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
ROCKHAMPTON LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
58
65
47
41
14
10
17
3
5
7
2
2
2
1
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
MACKAY LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
42
26
25
40
41
1
1
1
0
3
0
0
1
0
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
FRASER COAST LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
38
47
33
41
25
1
0
1
2
0
0
0
0
0
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BUNDABERG LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
51
52
41
40
45
16
6
11
15
24
7
8
5
5
3
13
5
7
8
6
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST LAND SALES (p) <$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
71
49
47
53
40
38
38
18
20
21
9
12
10
12
12
7
8
7
10
4
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST LAND SALES (p) <$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
14
20
23
33
25
10
12
9
3
2
3
2
1
2
2
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GLADSTONE LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
70
67
34
42
57
4
8
5
5
4
3
1
0
5
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
CAIRNS LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
77
72
56
47
40
3
1
5
4
2
2
2
0
3
4
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOWNSVILLE LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
BRISBANE CITYSALES MARKETS
Over the December quarter, the Brisbane median house price increased 6 per cent to $562,000 – the third best performer over the quarter.
Contributing to this healthy increase in its median was a shift in the composition of sales over the quarter.
Compared to the September quarter, house sales numbers in the $500,000 to $1 million price point were up about 20 per cent, while sales activity in the $1 million-plus price point was up about 15 per cent.
Recovery in prestige property sales numbers is typically an indicator that confidence is returning to the property market.
The top three suburbs to record the most property sales in excess of $1 million over the December quarter included Paddington, New Farm and Indooroopilly, all city fringe suburbs.
Further evidence of increased activity at the top end was the higher number of Brisbane suburbs to record an increase in excess of 15 per cent in its median house price over the quarter.
Of the 15 suburbs to record an increase, the majority had a median over $650,000.
Other market indicators signalling continued improving confidence is the time properties are spending on the market and the amount which vendors are negotiating.
The most recent figures show that in Brisbane, the average time it takes to sell a house has reduced to 74 days, down from 87 a year ago with average discounting from list prices sitting at about 6 per cent compared to 7 per cent over the same period.
In the unit and townhouse market, average days on market has also improved to 85, down from 96, while average vendor discounting is just 5 per cent.
The Brisbane unit and townhouse price increased 2 per cent over the quarter to $408,000 and posted 1.5 per cent growth over the year. There was a jump in sales in the prestige unit market with sales between $500,000 and $1 million increasing by 13 per cent over the period.
Demand for these top-end properties are reflected in the spike in median price in suburbs such as Hamilton and Kangaroo Point which have been impacted by the sale of higher priced units, many with river-views.
The Brisbane CBD also recorded one of the highest increases in sales activity, nudging back up over 100 preliminary sales numbers for the quarter, as well as posting a steady 2.2 per cent increase in its median.
RENTAL MARKET
In the Brisbane City local government area, the vacancy rate as at the end of December was 3.2 per cent, up from 2.3 per cent at the end of September. Local agents report higher than usual vacancies for this time of year as tenants are either relocating for work or purchasing their own property.
Across Brisbane the results are varied. Inner Brisbane, suburbs within 5km of the CBD, recorded the highest increase, up 1.7 percentage points to 4.1 per cent.
For Brisbane suburbs beyond 5km, the vacancy rate eased just 0.6 percentage points to 2.8 per cent.
Over the December quarter, median weekly rents remained relatively steady for two bedroom units and three bedroom townhouses, while three bedroom houses recorded an increase of $10 to $410 per week compared to the previous quarter.
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RENTAL MARKET - 3 BED HOUSES (CONT’D)DEC-13 DEC-12
POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
RENTAL MARKET - 3 BED HOUSESDEC-13 DEC-12
POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
SALES MARKET - VACANT URBAN LAND
SUBURBNUMBER OF SALES
DEC13
MEDIAN SALE DEC13
QTRLY CHANGE
MEDIAN SALE
12MTHS DEC13
1YR CHANGE
5YR CHANGE
RENTAL MARKET - 2 BED UNITS
"Recovery in prestige property sales numbers is typically an indicator that confidence is returning to the property market."
10 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
BRISBANE CITY $405 1531 $400 1490
BAYSIDE $390 91 $390 88
4178 WYNNUM $390 49 $390 41
4179 MANLY $385 42 $410 47
CITY INNER $600 56 $625 60
4005 NEW FARM $720 8 $730 7
4006 BOWEN HILLS $510 9 $620 9
4064 PADDINGTON $600 8 $650 10
4066 TOOWONG $580 11 $520 9
4067 ST LUCIA $595 7 $630 5
4101 WEST END $600 6 $650 7
NORTH - INNER $495 127 $475 90
4007 ASCOT $520 16 $600 11
4011 CLAYFIELD $580 22 $520 14
4012 NUNDAH $465 18 $430 17
4030 LUTWYCHE $500 5 $440 7
4031 GORDON PARK $445 14 $470 9
4051 ALDERLEY $490 48 $470 31
NORTH - OUTER $380 176 $375 180
4013 NORTHGATE $430 12 $400 10
4017 BRACKEN RIDGE $365 56 $365 41
4018 FITZGIBBON $360 24 $365 26
4032 CHERMSIDE $430 19 $450 32
4034 ASPLEY $390 53 $380 40
4036 BALD HILLS $350 12 $340 31
NORTH WEST - INNER $490 14 $550 7
4059 KELVIN GROVE $480 6 N.A. 2
4060 ASHGROVE $490 7 N.A. 4
NORTH WEST - OUTER $420 62 $415 62
4053 STAFFORD $420 52 $415 41
4054 ARANA HILLS $365 6 $385 18
SOUTH - INNER $430 161 $425 146
4103 ANNERLEY $480 31 $480 35
4104 YERONGA $440 12 $450 9
4105 MOOROOKA $445 17 $420 19
4120 GREENSLOPES $440 17 $520 20
4121 HOLLAND PARK $440 16 $430 12
4122 MANSFIELD $420 68 $410 51
SOUTH - OUTER $390 334 $380 362
4107 SALISBURY $480 5 $480 8
4109 MACGREGOR $400 59 $400 57
4110 ACACIA RIDGE $350 5 $340 8
4112 KURABY $370 13 $370 20
4113 EIGHT MILE PLAINS $400 139 $395 126
4115 ALGESTER $375 38 $360 31
SOUTH - OUTER $308 53 $320 50
4106 ROCKLEA $280 5 N.A. 2
4107 SALISBURY $308 9 $304 5
4108 COOPERS PLAINS $320 5 $390 7
4109 MACGREGOR $325 19 $360 22
4110 ACACIA RIDGE $280 5 N.A. 3
4113 EIGHT MILE PLAINS $430 5 N.A. 4
4115 ALGESTER $285 5 $280 7
SOUTH EAST - INNER $375 368 $365 353
4151 COORPAROO $350 155 $350 149
4152 CAMP HILL $360 40 $350 39
4170 CANNON HILL $390 86 $370 75
4171 BALMORAL $425 85 $400 89
SOUTH EAST - OUTER $300 6 $355 6
4173 TINGALPA $300 5 $360 5
SOUTH WEST - INNER $375 202 $380 216
4068 CHELMER $380 159 $390 174
4075 CORINDA $330 43 $360 42
SOUTH WEST - OUTER $330 21 $300 19
4069 BROOKFIELD $395 5 N.A. 2
4078 FOREST LAKE $325 12 $340 8
RENTAL MARKET - 2 BED UNITS (CONT’D)DEC-13 DEC-12
POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
RENTAL MARKET - 3 BED TOWNHOUSES (CONT’D)DEC-13 DEC-12
POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
4116 CALAMVALE $380 73 $370 111
SOUTH EAST - INNER $485 189 $465 191
4151 COORPAROO $490 14 $470 12
4152 CAMP HILL $450 90 $445 96
4170 CANNON HILL $490 52 $465 44
4171 BALMORAL $575 23 $560 27
4172 MURARRIE $520 10 $500 12
SOUTH EAST - OUTER $405 63 $405 61
4153 BELMONT $430 6 N.A. 4
4154 GUMDALE $410 41 $405 38
4173 TINGALPA $380 16 $380 19
SOUTH WEST - INNER $410 71 $430 70
4068 CHELMER $510 14 $550 21
4075 CORINDA $400 57 $400 49
SOUTH WEST - OUTER $355 187 $360 173
4073 SEVENTEEN MILE ROCKS $410 17 $410 27
4074 JINDALEE $400 20 $380 28
4076 DARRA $350 5 N.A. 4
4077 DOOLANDELLA $340 118 $345 93
4078 FOREST LAKE $355 24 $350 14
RENTAL MARKET - 3 BED TOWNHOUSES
GREATER BRISBANE
11 DECEMBER QUARTER 2013
BRISBANE MARKET UPDATES
SALES MARKET
All four of Brisbane’s surrounding council areas posted median house price over the December quarter while also recording greater numbers of sales compared to the previous quarter.
The top major region across Queensland over the period was Moreton Bay which posted median house price growth of 7.7 per cent to $387,750. The region is attractive for first home buyers and investors given its relative affordability and also has the lion’s share of new housing developments across the Brisbane area. Its numbers of preliminary house sales also increased by 8 per cent over the year.
The Ipswich City council area recorded median house price growth of 4.4 per cent to $308,000 over the quarter. Its preliminary numbers of house sales was also up by 4 per cent compared to the historically more voluminous September quarter.
Redland City posted a median house price increase of 3.5 per cent to $455,500 and 8 per cent more preliminary house sales over the quarter. Logan City recorded house growth of 3 per cent to $345,000 with preliminary house sales up more than 10 per cent over the year.
Of all four major regions, Redland City now has the lowest days on market at 84 – down from 99 a year before. In Logan and Moreton Bay, the average discounting is now 6 per cent while in Redland City and Ipswich it is 7 per cent.
When it comes to the unit and townhouse market, it was a mixed bag for the Greater Brisbane region but this is probably due to the size of the unit markets in each area.
Logan’s median unit and townhouse price increased 5.7 per cent to $240,000 over the quarter but this was positively impacted by two new developments – one in Beenleigh and one in Browns Plains – which were sold over the period.
Moreton Bay has the largest unit market in Greater Brisbane and recorded 184 preliminary sales over the December quarter. Its median and unit price posted a minimal reduction of 0.3 per cent to $299,000 over the period.
Redland City’s median unit price grew by 3.4 per cent to $351,000 over the quarter but this was based on less than 70 preliminary sales.
The smallest unit market is in Ipswich, which posted just 50 preliminary sales and recorded a median unit price fall of 7.8 per cent to $219,000 over the period due to the varying quality of stock sold.
RENTAL MARKET
For the surrounding Brisbane local government areas, rental markets still remain tight despite a slight easing in vacancy rates. All areas recorded vacancy rates under 2.5 per cent, with Redland City the only area to record an increase of more than one percentage points in its vacancy rate.
Across the Greater Brisbane area, around 40 per cent of REIQ agents surveyed reported an increase in investor activity; however tenant demand remains strong in most areas, keeping vacancy rates at low levels. The increased investor activity was most notable in the Moreton Bay area.
Median weekly rents across the Greater Brisbane area saw small increases for two bedroom units and three bedroom houses, with all regions posting increases of either $5 or $10 since September. Ipswich City continues to post the most affordable median weekly rents across all rental property types.
12 QUEENSLAND MARKET MONITOR
BRISBANE MARKET UPDATES
SLACKS CREEK 19 $272,500 0.0% $280,000 7.7% -7.3%
SPRINGWOOD ~ 23 $472,500 15.2% $410,000 3.1% 3.2%
TANAH MERAH 16 $406,250 N/A $367,750 -0.3% -1.9%
UNDERWOOD 12 $428,000 -5.7% $457,000 1.4% 16.4%
WATERFORD ~ 12 $350,000 N/A $337,000 -7.7% -9.4%
WATERFORD WEST 13 $280,000 3.7% $277,500 -1.4% -10.5%
WINDAROO * 5 N/A N/A $380,000 -9.2% -2.6%
WOODRIDGE 29 $230,000 -3.2% $235,000 2.2% -11.3%
MORETON BAY (LGA) ~ 1009 $387,750 7.7% $376,500 2.0% 1.8%
MORETON BAY (LGA) ^ 146 $567,500 4.6% $550,000 1.9% -1.8%
ALBANY CREEK ~ 50 $540,500 12.6% $495,000 4.7% 3.9%
MACLEAY ISLAND ~ f 12 $23,750 -20.8% $25,000 -32.8% -66.0%
RUSSELL ISLAND ~ f 43 $21,000 0.0% $20,350 -18.6% -65.5%
REDLAND CITY - MAINLAND
MOUNT COTTON ~ * 5 N/A N/A $250,000 -3.5% -16.7%
REDLAND BAY 3 N/A N/A $263,250 1.3% -6.0%
THORNLANDS ~ * f 10 $283,500 N/A $273,500 0.4% -26.1%
VICTORIA POINT 2 N/A N/A $266,000 N/A -7.3%
WELLINGTON POINT 7 N/A N/A $330,000 N/A -8.3%
SURROUNDS
LOCKYER VALLEY (LGA) ~ 15 $99,000 N/A $99,000 -26.7% -13.2%
LOCKYER VALLEY (LGA) ^ 16 $99,500 -9.5% $115,000 -9.1% -11.5%
HATTON VALE ^ 1 N/A N/A $137,950 -2.0% N/A
LAIDLEY NORTH 14 $99,000 N/A $100,000 N/A N/A
SOMERSET (LGA) 7 N/A N/A $135,000 3.1% 4.7%
FERNVALE 3 N/A N/A $135,000 -9.4% 3.9%
GOLD COAST CITY
SALES MARKET - VACANT LAND (CONT’D)
SUBURBNUMBER OF SALES
DEC13
MEDIAN SALE DEC13
QTRLY CHANGE
MEDIAN SALE
12MTHS DEC13
1YR CHANGE
5YR CHANGE
RENTAL MARKET - 3 BED HOUSESDEC-13 DEC-12
POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
RENTAL MARKET - 3 BED HOUSES (CONT’D)DEC-13 DEC-12
POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
Of all four major regions, Redland City now has the lowest days on market at 84 – down from 99 a year before. In Logan and Moreton Bay, the average discounting is now 6 per cent while in Redland City and Ipswich it is 7 per cent
15 DECEMBER QUARTER 2013
BRISBANE MARKET UPDATES
IPSWICH CITY $310 121 $305 105
4300 AUGUSTINE HEIGHTS $320 54 $350 24
4301 COLLINGWOOD PARK $300 19 $280 26
4304 BLACKSTONE $305 15 $305 18
4305 BASIN POCKET $305 31 $300 35
LOGAN CITY $330 425 $325 347
4114 KINGSTON $320 56 $310 30
4118 BROWNS PLAINS $350 58 $345 60
4119 UNDERWOOD $335 32 $320 41
4123 PRIESTS GULLY $335 10 $310 8
4127 CHATSWOOD HILLS $330 36 $325 36
4128 KIMBERLEY PARK $345 13 $340 10
4131 LOGANLEA $350 22 $350 18
4132 CRESTMEAD $340 53 $340 24
4133 CHAMBERS FLAT $310 19 $310 13
4207 ALBERTON $320 117 $320 99
MORETON BAY REGIONAL $335 530 $325 511
4019 CLONTARF $350 11 $320 16
4020 NEWPORT $380 11 $340 19
4021 KIPPA-RING $335 42 $330 53
4035 ALBANY CREEK $380 17 $375 6
4500 BRAY PARK $335 54 $330 59
4501 LAWNTON $340 11 $340 15
4502 FRENCHS FOREST $320 16 $320 13
4503 DAKABIN $340 132 $335 126
4504 NARANGBA $340 11 $330 5
4505 BURPENGARY $310 32 $305 23
4506 MOORINA $300 29 $295 35
4507 BANKSIA BEACH $315 11 $315 9
4508 DECEPTION BAY $310 40 $310 35
4509 MANGO HILL $350 77 $340 44
4510 BALINGOOL $295 27 $280 42
REDLAND CITY $385 83 $375 85
4157 CAPALABA $350 6 $360 9
4158 THORNESIDE $380 10 $360 12
4160 EROBIN $395 13 $375 12
4163 CLEVELAND $385 34 $410 28
4165 MOUNT COTTON $390 14 $380 20
IPSWICH CITY $250 129 $240 113
4300 AUGUSTINE HEIGHTS $260 31 $235 15
4301 COLLINGWOOD PARK $250 23 $255 23
4304 BLACKSTONE $245 21 $240 27
4305 BASIN POCKET $250 53 $230 47
LOGAN CITY $260 191 $255 204
4114 KINGSTON $265 73 $250 65
4127 CHATSWOOD HILLS $295 16 $320 20
4128 KIMBERLEY PARK $285 6 $280 6
4133 CHAMBERS FLAT $239 12 $250 12
4207 ALBERTON $250 67 $240 74
4280 JIMBOOMBA $245 5 N.A. 2
MORETON BAY REGIONAL $275 442 $270 473
4019 CLONTARF $275 77 $270 73
4020 NEWPORT $295 78 $295 113
4021 KIPPA-RING $265 8 $265 9
4500 BRAY PARK $290 34 $280 28
4501 LAWNTON $270 19 $250 10
4503 DAKABIN $280 37 $280 27
4506 MOORINA $265 12 $245 10
4507 BANKSIA BEACH $270 50 $250 73
4508 DECEPTION BAY $270 15 $281 21
4509 MANGO HILL $310 21 $315 12
4510 BALINGOOL $250 79 $240 77
REDLAND CITY $330 88 $320 76
4157 CAPALABA $330 17 $310 18
4160 EROBIN $345 7 N.A. 4
4161 ALEXANDRA HILLS $160 5 N.A. 4
4163 CLEVELAND $400 36 $365 32
4165 MOUNT COTTON $143 6 $280 7
4183 AMITY $275 8 N.A. 3
LOCKYER VALLEY REGIONAL $220 24 $210 17
4343 ADARE $220 20 $220 13
RENTAL MARKET - 2 BED UNITSDEC-13 DEC-12
POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
RENTAL MARKET - 3 BED TOWNHOUSESDEC-13 DEC-12
POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
16 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
A solid performer in terms of price growth and sales activity was Robina which recorded a median house price increase of 10.1 per cent to $545,000 over the quarter. It also posted an increase in sales over the quarter and the year.
Another strong performer was Palm Beach which recorded median price growth of 12.5 per cent to $540,000 over the quarter as well 10 per cent over the year.
The median unit and townhouse price on the Gold Coast increased 1.5 per cent to $340,000 over the quarter and was steady over the year. While the Gold Coast’s preliminary number of unit sales reduced over the quarter, over the year volumes increased by 21 per cent.
Local agents say the unit market has not bounced back to the same degree as the house market as yet but it is expected to follow its lead in the months ahead.
A solid performer over the quarter was Currumbin Waters which posted median unit price growth of 10.1 per cent to $315,000. Over the year ending December, its median price increased by 7.3 per cent.
RENTAL MARKET
In our tourism centres, residential vacancy rates remain at healthy levels. The Gold Coasts recorded a tighter vacancy rate, down 0.4 percentage points to 1.9 per cent since September.
Median weekly rents on the Gold Coast have been steadily increasing since the start of 2013, with three bedroom houses up $20 to $420 per week between December 2012 and December last year – the highest increase in over four years where median rents have hovered around the $400 mark.
The median rent of a two-bedroom unit on the Gold Coast increased $15 per week to $355 over the same period.
SALES MARKET
The median house price on the Gold Coast increased 1.7 per cent to $480,000. The preliminary numbers of house sales increased 10 per cent compared to the September quarter.
According to local REIQ accredited agencies, sales activity is strengthening however stock is becoming an issue.
Well-priced properties are selling close to list price – especially in the under $500,000 price bracket.
There is currently a lot of pent-up demand which is being released due to the improving conditions, low interest rates, and media commentary on the strengthening Gold Coast market.
According to local agents, there are instances of more demand than supply which is helping price growth, while good stock is becoming increasingly difficult to source.
First home buyers are more active in the market after a prolonged period on the sidelines.
First-time buyers have worked out that it can be more affordable to buy than rent in some areas and they are making their move into the market.
Local agents say the outlook for this year is extremely positive with the potential for continued moderate price growth as well as improvements in the region’s tourism and construction sectors.
Sellers’ expectations are beginning to trend up with many now expecting to sell their properties at or above list price.
Investors are more active in the market given the strength of the region’s rental market which is providing some good returns.
"Local agents say the outlook for this year is extremely positive with the potential for continued moderate price growth as well as improvements in the region’s tourism and construction sectors"
18 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
4285 ALLENVIEW $290 42 $300 53
4307 COLEYVILLE $260 10 $250 5
4309 ARATULA $260 9 $240 7
4310 ALLANDALE $265 25 $260 9
GOLD COAST CITY $420 1031 $400 1032
4208 BURNSIDE $375 24 $380 24
4209 COOMERA $379 119 $360 77
4210 OXENFORD $390 21 $370 16
4211 ADVANCETOWN $395 122 $385 141
4212 HELENSVALE $470 72 $420 73
4213 BONOGIN $420 54 $405 54
4214 ARUNDEL $420 83 $400 96
4215 LABRADOR $390 110 $380 98
4216 PARADISE POINT $400 78 $390 75
4217 BENOWA $560 36 $550 32
4218 BROADBEACH $510 62 $500 69
4220 BURLEIGH HEADS $450 56 $450 60
4221 ELANORA $460 50 $420 49
4223 CURRUMBIN $420 31 $460 29
4224 TUGUN $390 8 $425 12
4225 BILINGA $425 5 $410 6
4226 CLEAR ISLAND WATERS $450 63 $430 79
4227 REEDY CREEK $465 29 $420 33
4228 INGLESIDE $425 8 $425 8
SCENIC RIM REGIONAL $295 127 $310 116
4271 EAGLE HEIGHTS $390 11 $355 12
4272 MOUNT TAMBORINE $375 16 $380 14
4275 BENOBBLE $360 12 $360 10
HO
USE PR
ICEPO
INTS - PR
ELIMIN
AR
Y SALES N
UM
BER
S BY PR
ICE R
AN
GE
186
174
201
179
146
786
686
740
880
787
1025
910
1081
1280
1529
106
97
124
150
171
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
902
832
844
1005
908
739
697
694
810
939
281
254
268
279
362
8
12
13
9
14
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE SURROUNDS HOUSE SALES (p)
<$350,000 $350,000+ $500,000+ $1m+INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
74
99
98
113
115
364
353
406
443
517
324
293
302
341
418
48
48
54
60
65
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
131
103
114
113
101
298
269
271
353
394
176
186
189
219
278
24
19
27
26
33
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
130
121
159
158
146
39
36
26
25
42
7
9
4
8
10
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BUNDABERG HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
179
148
178
199
186
131
134
139
150
155
45
42
36
57
49
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
CAIRNS HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
158
162
176
179
172
36
32
47
49
36
8
6
10
3
8
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
FRASER COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
13
13
12
33
21
86
68
73
53
73
27
32
28
22
27
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GLADSTONE HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
193
172
168
189
192
188
171
162
144
187
46
39
50
41
48
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOWNSVILLE HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
39
39
30
42
53
159
132
113
116
118
57
55
42
44
42
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
MACKAY HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
174
151
168
185
178
79
92
96
79
80
24
27
26
26
30
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
ROCKHAMPTON HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
257
245
248
281
297
113
91
123
132
155
25
23
24
26
43
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOOWOOMBA HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
UN
IT & TO
WN
HOU
SE PRICE POIN
TS - PRELIMIN
ARY SALES NU
MBERS BY PRICE RAN
GE
38
60
43
50
47
320
275
301
343
294
531
489
545
612
560
222
209
234
279
314
20
28
32
46
39
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
133
216
179
236
204
303
329
334
375
380
185
231
252
306
292
116
169
187
191
192
20
45
42
44
57
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
56
100
78
92
74
150
136
135
152
187
88
112
100
95
132
59
68
49
62
79
11
12
8
10
12
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
13
20
18
7
17
6
11
6
10
9
4
4
2
3
2
8
1
2
1
6
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BUNDABERG UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
115
115
134
146
142
30
30
25
41
31
17
12
12
29
13
11
13
12
14
20
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
CAIRNS UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
19
17
10
25
18
14
12
20
17
10
6
2
4
3
1
1
0
0
1
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
FRASER COAST UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
1
3
1
6
2
14
13
5
9
3
6
9
7
5
3
3
2
0
1
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GLADSTONE UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
26
37
30
33
33
33
35
28
23
27
24
11
11
11
25
7
10
6
8
8
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOWNSVILLE UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
6
9
10
18
8
24
12
11
14
9
13
10
20
5
6
4
4
3
4
1
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
MACKAY UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
15
7
14
12
12
1
8
5
9
12
5
9
7
6
11
3
5
1
1
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
ROCKHAMPTON UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
28
36
27
38
37
21
21
23
27
34
7
8
5
10
7
1
0
3
0
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOOWOOMBA UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
287
256
237
329
220
50
42
31
45
49
8
16
12
11
14
5
5
6
4
7
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE SURROUNDS LAND SALES (p)
<$250,000 $250,000+ $350,000+ $500,000+ Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
45
31
35
37
16
45
49
26
27
32
29
40
34
37
28
12
8
6
7
10
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY LAND SALES (p) <$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
38
55
34
39
25
2
1
1
3
2
0
2
1
3
2
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOOWOOMBA LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
62
62
33
37
40
0
1
2
2
3
0
1
1
1
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
ROCKHAMPTON LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
58
65
47
41
14
10
17
3
5
7
2
2
2
1
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
MACKAY LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
42
26
25
40
41
1
1
1
0
3
0
0
1
0
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
FRASER COAST LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
38
47
33
41
25
1
0
1
2
0
0
0
0
0
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BUNDABERG LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
51
52
41
40
45
16
6
11
15
24
7
8
5
5
3
13
5
7
8
6
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST LAND SALES (p) <$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
71
49
47
53
40
38
38
18
20
21
9
12
10
12
12
7
8
7
10
4
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST LAND SALES (p) <$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
14
20
23
33
25
10
12
9
3
2
3
2
1
2
2
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GLADSTONE LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
70
67
34
42
57
4
8
5
5
4
3
1
0
5
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
CAIRNS LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
77
72
56
47
40
3
1
5
4
2
2
2
0
3
4
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOWNSVILLE LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
RENTAL MARKET - 3 BED HOUSESDEC-13 DEC-12
POSTCODE LOCALITIES MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
RENTAL MARKET - 3 BED HOUSES (CONT’D)DEC-13 DEC-12
POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
GOLD COAST CITY $355 2540 $340 2533
4209 COOMERA $300 9 $295 9
4210 OXENFORD $300 21 $295 20
4211 ADVANCETOWN $330 36 $290 41
4212 HELENSVALE $390 47 $380 59
4214 ARUNDEL $290 20 $188 26
4215 LABRADOR $340 585 $330 532
4216 PARADISE POINT $350 192 $330 183
4217 BENOWA $385 612 $390 598
4218 BROADBEACH $350 341 $340 336
4220 BURLEIGH HEADS $370 183 $360 188
4221 ELANORA $320 166 $300 147
4223 CURRUMBIN $350 25 $335 32
4224 TUGUN $310 31 $280 34
4225 BILINGA $330 134 $310 160
4226 CLEAR ISLAND WATERS $400 54 $390 44
4227 REEDY CREEK $410 79 $345 117
SCENIC RIM REGIONAL $220 37 $210 31
4285 ALLENVIEW $210 32 $200 22
GOLD COAST CITY $380 1259 $370 1274
4208 BURNSIDE $370 21 $360 14
4209 COOMERA $350 154 $340 176
4210 OXENFORD $350 13 $320 23
4211 ADVANCETOWN $360 221 $350 260
4212 HELENSVALE $420 43 $400 49
4213 BONOGIN $360 44 $360 43
4214 ARUNDEL $360 50 $360 54
4215 LABRADOR $385 148 $380 125
4216 PARADISE POINT $360 89 $350 84
4217 BENOWA $470 73 $455 66
4218 BROADBEACH $400 25 $400 22
4220 BURLEIGH HEADS $450 25 $400 47
4221 ELANORA $400 22 $380 14
4223 CURRUMBIN $360 24 $380 18
4224 TUGUN $430 34 $420 31
4226 CLEAR ISLAND WATERS $430 178 $420 158
4227 REEDY CREEK $410 88 $390 78
SCENIC RIM REGIONAL $280 9 $300 5
4285 ALLENVIEW $280 9 $300 5
RENTAL MARKET - 2 BED UNITS
RENTAL MARKET - 3 BED TOWNHOUSES
19
REGIONAL MARKET UPDATES
DECEMBER QUARTER 2013
The approval of the 2nd range crossing is also said to be a boost for not only the local economy but also for local amenity as large trucks will no longer be driving through the city centre.
RENTAL MARKET
Investor activity is reportedly up, predominantly within close proximity to the Toowoomba metropolitan area, as is tenant demand with one agency reporting very high numbers of applicants recently.
With increased demand being matched with increased investment activity, Toowoomba’s vacancy rate remained unchanged since September, at 1.3 per cent.
Median weekly rents from the RTA correspondingly continue to record steady growth. Compared to the December quarter 2012, three bedroom townhouses recorded the highest increase, up $48 to $330 per week. Given the number of new bond lodgements are low, the higher median rent was no doubt influenced by the increasing number of higher quality townhouses available for rent.
Meanwhile, three bedroom houses were up $10 to $290 per week and two bedroom flats were up $15 to $240 per week over the same period. Three bedroom flats still remain the most popular investment property with over 600 new bonds lodged over the December quarter 2013
SALES MARKET
The Toowoomba property market continues to go from strength to strength, with the December quarter seeing preliminary sales volumes increase by around 10 per cent. The Toowoomba Regional median house price was up a strong 6.5 per cent to $329,000.
According to local agents, the Toowoomba property market has continued to show robust confidence levels. Sales in the sub-$500,000 bracket are reportedly strong, with some properties taking less than a week to sell.
Local agents say both owner-occupiers and investors are very active in the market, with increasing numbers at open for inspections. First home buyers however are unfortunately still low in numbers due to minimal affordably-priced properties available on the market.
Investor demand is said to be particularly strong for properties that are priced well relative to their rental return, with such properties spending little time on the market.
Another indicator that the Toowoomba property market is strengthening is increased sales activity in the premium end of the market, with up-graders and owner-occupiers making the step up into a higher price range.
In the unit and townhouse market, the Toowoomba median sale price increased 6.5 per cent to $263,000 with an increase in preliminary sales numbers also recorded over the quarter.
The Toowoomba unit market is seeing small townhouse developments pop up across the metropolitan area, such as Newtown and Kearneys Spring. While higher-end sales in East Toowoomba and Rangeville have also contributed to the increase in the region’s median price over the quarter.
Over the coming year, local agents expect to see continued quiet confidence, with confident capital growth expected.
Local agents say the region is set to vastly benefit from the opening of the Brisbane West Wellcamp in October, which is a privately owned and funded airport.
The airport is to have the fourth largest landing strip in Australia which will open up Toowoomba to domestic flights and have the potential to see the region become a residential hub for fly-in-fly-out workers.
TOOWOOMBA
HO
USE PR
ICEPO
INTS - PR
ELIMIN
AR
Y SALES N
UM
BER
S BY PR
ICE R
AN
GE
186
174
201
179
146
786
686
740
880
787
1025
910
1081
1280
1529
106
97
124
150
171
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
902
832
844
1005
908
739
697
694
810
939
281
254
268
279
362
8
12
13
9
14
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE SURROUNDS HOUSE SALES (p)
<$350,000 $350,000+ $500,000+ $1m+INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
74
99
98
113
115
364
353
406
443
517
324
293
302
341
418
48
48
54
60
65
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
131
103
114
113
101
298
269
271
353
394
176
186
189
219
278
24
19
27
26
33
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
130
121
159
158
146
39
36
26
25
42
7
9
4
8
10
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BUNDABERG HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
179
148
178
199
186
131
134
139
150
155
45
42
36
57
49
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
CAIRNS HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
158
162
176
179
172
36
32
47
49
36
8
6
10
3
8
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
FRASER COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
13
13
12
33
21
86
68
73
53
73
27
32
28
22
27
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GLADSTONE HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
193
172
168
189
192
188
171
162
144
187
46
39
50
41
48
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOWNSVILLE HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
39
39
30
42
53
159
132
113
116
118
57
55
42
44
42
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
MACKAY HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
174
151
168
185
178
79
92
96
79
80
24
27
26
26
30
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
ROCKHAMPTON HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
257
245
248
281
297
113
91
123
132
155
25
23
24
26
43
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOOWOOMBA HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
UN
IT & TO
WN
HOU
SE PRICE POIN
TS - PRELIMIN
ARY SALES NU
MBERS BY PRICE RAN
GE
38
60
43
50
47
320
275
301
343
294
531
489
545
612
560
222
209
234
279
314
20
28
32
46
39
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
RENTAL MARKET - 2 BED UNITS
21
REGIONAL MARKET UPDATES
DECEMBER QUARTER 2013
RENTAL MARKET
In Queensland’s tourism centres, residential vacancy rates remain at healthy levels. The Sunshine Coast recorded a tighter vacancy rate, down 0.3 percentage points to 1.1 per cent since September.
Across the coast, vacancy rates are well within the more demand than supply territory with rates ranging from just 0.6 per cent on the Maroochy Coast to 1.9 per cent in the hinterland.
According Sunshine Coast agents, rental vacancies are taking between one to two weeks to lease with at least two to five applicants per vacancy.
The median rent of a three-bedroom house on the Sunshine Coast increased $5 per week to $385 between December 2012 and December last year.
The median rent for a two-bedroom unit increased $15 per week to $320 over the same period.
SALES MARKET
The median house price on the Sunshine Coast increased 3.6 per cent to $456,000 over the quarter. The preliminary numbers of house sales were also up 15 per cent compared to the September quarter.
According to local REIQ accredited agencies, the Sunshine Coast market had already moved up a gear following the successful December period.
The market was continuing its upward trajectory with even more sales happening and a general optimism amongst buyers and sellers.
Demand was strongest in the under $600,000 price bracket, but a few months ago it would have been the under $500,000 bracket which, according to local agents, was an indication of the strength of the market.
The region’s tight rental market is attracting investors into the market and auctions are also are becoming an increasingly popular sales method.
The general consensus is there are a lot of people downsizing. More first home buyers are coming into the market now, more in some areas than in others. Investor buyers are increasing, including self-managed super fund purchases. Some want a sea change; some are retiring, relocating and looking for work or have a job transfer.
One local agent said they had heard of one auctioneer, who sold $10 million-worth of property under the hammer in one day recently, with many sale prices being above reserve given the competition amongst bidders.
Stock was also becoming an issue which was underpinning the current price growth. The region’s market was well and truly out of the woods after three tough years, according to local agents who anticipate this year will see sales activity comparable to 2007.
At top performer for price growth and sales activity over the quarter was Buderim which recorded price growth of 7.3 per cent to $523,000 over the period. Its median house price was up 6.8 per cent over the year as well.
Another strong performer over the quarter and the year was Marcoola which posted median house price growth of 10.6 per cent to $479,000 and increased 9.4 per cent over the year.
The median price of units and townhouses increased 6.3 per cent to $340,000 over the quarter. The preliminary numbers of unit sales were also up by 14 per cent over the same period.
SUNSHINE COAST
UN
IT & TO
WN
HOU
SE PRICE POIN
TS - PRELIMIN
ARY SALES NU
MBERS BY PRICE RAN
GE
38
60
43
50
47
320
275
301
343
294
531
489
545
612
560
222
209
234
279
314
20
28
32
46
39
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
<$250,000 $250,000+ $350,000+ $500,000+ Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
45
31
35
37
16
45
49
26
27
32
29
40
34
37
28
12
8
6
7
10
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY LAND SALES (p) <$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
38
55
34
39
25
2
1
1
3
2
0
2
1
3
2
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOOWOOMBA LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
62
62
33
37
40
0
1
2
2
3
0
1
1
1
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
ROCKHAMPTON LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
58
65
47
41
14
10
17
3
5
7
2
2
2
1
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
MACKAY LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
42
26
25
40
41
1
1
1
0
3
0
0
1
0
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
FRASER COAST LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
38
47
33
41
25
1
0
1
2
0
0
0
0
0
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BUNDABERG LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
51
52
41
40
45
16
6
11
15
24
7
8
5
5
3
13
5
7
8
6
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST LAND SALES (p) <$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
71
49
47
53
40
38
38
18
20
21
9
12
10
12
12
7
8
7
10
4
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST LAND SALES (p) <$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
14
20
23
33
25
10
12
9
3
2
3
2
1
2
2
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GLADSTONE LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
70
67
34
42
57
4
8
5
5
4
3
1
0
5
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
CAIRNS LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
77
72
56
47
40
3
1
5
4
2
2
2
0
3
4
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOWNSVILLE LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
23
REGIONAL MARKET UPDATES
DECEMBER QUARTER 2013
SUNSHINE COAST REGIONAL $385 882 $380 947
4518 GLASS HOUSE MOUNTAINS $350 12 $360 12
4519 BEERWAH $340 21 $330 14
4550 LANDSBOROUGH $330 10 $330 15
4551 AROONA $380 127 $380 151
4552 BALD KNOB $360 30 $350 24
4553 PALMVIEW $370 12 $350 10
4555 CHEVALLUM $365 12 $350 10
4556 BUDERIM $400 86 $390 102
4557 MOOLOOLABA $420 47 $430 39
4558 MAROOCHYDORE $380 47 $370 40
4559 DIDDILLIBAH $370 8 $360 10
4560 BLI BLI $350 96 $340 93
4561 BRIDGES $375 12 $370 16
4562 BELLI PARK $425 13 $400 15
4563 BLACK MOUNTAIN $395 11 $350 17
4564 MARCOOLA $400 23 $360 33
4565 BOREEN $390 38 $360 54
4566 NOOSAVILLE $420 17 $410 17
4567 CASTAWAYS BEACH $450 45 $450 48
4568 FEDERAL $350 15 $350 8
4569 COORAN $320 12 $300 9
4572 ALEXANDRA HEADLAND $400 5 N.A. 3
4573 COOLUM BEACH $420 83 $410 91
4575 BIRTINYA $410 92 $390 105
SUNSHINE COAST REGIONAL $320 981 $305 1030
4551 AROONA $310 159 $295 176
4552 BALD KNOB $320 5 N.A. 0
4556 BUDERIM $320 40 $295 38
4557 MOOLOOLABA $300 102 $290 102
4558 MAROOCHYDORE $320 188 $320 167
4559 DIDDILLIBAH $260 12 $280 9
4560 BLI BLI $240 44 $216 73
4563 BLACK MOUNTAIN $270 7 N.A. 2
4564 MARCOOLA $300 52 $300 53
4565 BOREEN $300 11 $290 8
4566 NOOSAVILLE $330 35 $310 44
4567 CASTAWAYS BEACH $360 68 $330 81
4572 ALEXANDRA HEADLAND $330 51 $330 69
4573 COOLUM BEACH $330 82 $300 80
4575 BIRTINYA $360 116 $380 114
SUNSHINE COAST REGIONAL $370 223 $370 200
4519 BEERWAH $310 5 $300 5
4551 AROONA $370 29 $350 29
4556 BUDERIM $365 40 $370 26
4557 MOOLOOLABA $410 21 $400 23
4558 MAROOCHYDORE $360 44 $330 21
4560 BLI BLI $350 15 $350 18
4564 MARCOOLA $370 16 $390 17
4566 NOOSAVILLE $400 9 $450 10
4567 CASTAWAYS BEACH $430 10 $460 11
4573 COOLUM BEACH $375 12 $395 21
4575 BIRTINYA $385 10 $360 7
RENTAL MARKET - 3 BED TOWNHOUSES
RENTAL MARKET - 3 BED HOUSESDEC-13 DEC-12
POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
RENTAL MARKET - 2 BED UNITSDEC-13 DEC-12
POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
FRASER COASTSALES MARKET
The Fraser Coast property market saw a slight easing of sales activity over the December quarter however buyer enquiry was reportedly strong over the period.
The regions’ median house price however continued to remain steady, up just 0.5 per cent to $291,500 since the September quarter.
According to local agents, confidence levels were generally up with buyer enquiries continuing to increase and investor activity also improving.
First home buyers are reportedly still low in numbers however the low interest environment and good buying opportunities should see them begin to re-emerge.
One such suburb, which was one of the region’s best performers in terms of sales activity, was Toogoom. With a median of just $287,000 the suburb is said to have very good entry level prices.
Local agents also say well-priced properties were selling much quicker, although the premium market was still struggling somewhat.
Overall preliminary house sales numbers were down about 10 per cent over the quarter, however this is typical for the region at this time of year.
The trend towards lifestyle properties is evident however, with strong sales in the acreage home market saw the Fraser Coast’s median acreage house price increase 12 per cent over the quarter, with sales numbers nudging up more since September.
The outlook for the Fraser Coast is very positive with a number of developments currently underway, including the shopping centre expansion due for completion mid this year and the new private hospital.
Both of these major developments are set to provide increased job opportunities for the region, which will give the local economy a good boost for the coming years.
HO
USE PR
ICEPO
INTS - PR
ELIMIN
AR
Y SALES N
UM
BER
S BY PR
ICE R
AN
GE
186
174
201
179
146
786
686
740
880
787
1025
910
1081
1280
1529
106
97
124
150
171
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
902
832
844
1005
908
739
697
694
810
939
281
254
268
279
362
8
12
13
9
14
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE SURROUNDS HOUSE SALES (p)
<$350,000 $350,000+ $500,000+ $1m+INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
74
99
98
113
115
364
353
406
443
517
324
293
302
341
418
48
48
54
60
65
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
131
103
114
113
101
298
269
271
353
394
176
186
189
219
278
24
19
27
26
33
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
130
121
159
158
146
39
36
26
25
42
7
9
4
8
10
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BUNDABERG HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
179
148
178
199
186
131
134
139
150
155
45
42
36
57
49
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
CAIRNS HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
158
162
176
179
172
36
32
47
49
36
8
6
10
3
8
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
FRASER COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
13
13
12
33
21
86
68
73
53
73
27
32
28
22
27
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GLADSTONE HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
193
172
168
189
192
188
171
162
144
187
46
39
50
41
48
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOWNSVILLE HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
39
39
30
42
53
159
132
113
116
118
57
55
42
44
42
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
MACKAY HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
174
151
168
185
178
79
92
96
79
80
24
27
26
26
30
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
ROCKHAMPTON HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
257
245
248
281
297
113
91
123
132
155
25
23
24
26
43
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOOWOOMBA HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
"The outlook for the Fraser Coast is very positive with a number of developments currently underway."
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
133
216
179
236
204
303
329
334
375
380
185
231
252
306
292
116
169
187
191
192
20
45
42
44
57
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
56
100
78
92
74
150
136
135
152
187
88
112
100
95
132
59
68
49
62
79
11
12
8
10
12
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
13
20
18
7
17
6
11
6
10
9
4
4
2
3
2
8
1
2
1
6
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BUNDABERG UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
115
115
134
146
142
30
30
25
41
31
17
12
12
29
13
11
13
12
14
20
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
CAIRNS UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
19
17
10
25
18
14
12
20
17
10
6
2
4
3
1
1
0
0
1
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
FRASER COAST UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
1
3
1
6
2
14
13
5
9
3
6
9
7
5
3
3
2
0
1
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GLADSTONE UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
26
37
30
33
33
33
35
28
23
27
24
11
11
11
25
7
10
6
8
8
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOWNSVILLE UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
6
9
10
18
8
24
12
11
14
9
13
10
20
5
6
4
4
3
4
1
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
MACKAY UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
15
7
14
12
12
1
8
5
9
12
5
9
7
6
11
3
5
1
1
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
ROCKHAMPTON UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
28
36
27
38
37
21
21
23
27
34
7
8
5
10
7
1
0
3
0
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOOWOOMBA UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
287
256
237
329
220
50
42
31
45
49
8
16
12
11
14
5
5
6
4
7
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE SURROUNDS LAND SALES (p)
<$250,000 $250,000+ $350,000+ $500,000+ Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
45
31
35
37
16
45
49
26
27
32
29
40
34
37
28
12
8
6
7
10
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY LAND SALES (p) <$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
38
55
34
39
25
2
1
1
3
2
0
2
1
3
2
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOOWOOMBA LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
62
62
33
37
40
0
1
2
2
3
0
1
1
1
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
ROCKHAMPTON LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
58
65
47
41
14
10
17
3
5
7
2
2
2
1
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
MACKAY LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
42
26
25
40
41
1
1
1
0
3
0
0
1
0
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
FRASER COAST LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
38
47
33
41
25
1
0
1
2
0
0
0
0
0
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BUNDABERG LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
51
52
41
40
45
16
6
11
15
24
7
8
5
5
3
13
5
7
8
6
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST LAND SALES (p) <$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
71
49
47
53
40
38
38
18
20
21
9
12
10
12
12
7
8
7
10
4
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST LAND SALES (p) <$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
14
20
23
33
25
10
12
9
3
2
3
2
1
2
2
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GLADSTONE LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
70
67
34
42
57
4
8
5
5
4
3
1
0
5
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
CAIRNS LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
77
72
56
47
40
3
1
5
4
2
2
2
0
3
4
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOWNSVILLE LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
SALES MARKET - VACANT LAND
SALES MARKET - UNITS & TOWNHOUSES
SALES MARKET (CONT'D)
Council has also recently released an incentive policy for developers that will see a reduction in infrastructure charges in a bid to encourage more residential development in the area.
The tourism industry continues to show signs of recovery with tourism operators reporting a good season over the Christmas and New Years’ period, thanks to some very nice weather.
The Fraser Coast unit and townhouse market is reportedly still recovering from an oversupply of new properties. With minimal new developments coming onto the market, local agents say the majority of sales activity is occurring in the established unit market, which is resulting in a drop in the median compared to five years ago.
Over the December quarter the median unit and townhouse price fell 9.9 per cent to $220,000. While sales activity was down across all price points, the sub-$250,000 price point remained the most active which contributed to the drop in median for the quarter.
RENTAL MARKET
On the Fraser Coast vacancy rates eased somewhat, up 0.4 percentage points to 3.4 per cent since September. With a vacancy rate still around 3 per cent, the Fraser Coast is still experiencing healthy rental market conditions, markedly improved from the over-supply experienced a few years ago.
Median weekly rents are up slightly compared to a year ago with three bedroom houses up $5 to $275 per week, two bedroom flats up $10 to $220 per week and three bedroom townhouses also up $10 to $310 per week
25
REGIONAL MARKET UPDATES
DECEMBER QUARTER 2013
FRASER COAST REGIONAL $275 348 $270 312
4650 ALDERSHOT $254 128 $250 131
4655 BOORAL $285 201 $280 164
4659 BEELBI CREEK $260 12 $230 14
4662 TORBANLEA $230 7 N.A. 3
GYMPIE REGIONAL $260 188 $250 174
4570 AMAMOOR $255 141 $250 133
4580 COOLOOLA $265 30 $260 24
4581 EURONG $280 10 $250 8
4601 BARAMBAH $180 7 $180 6
SOUTH BURNETT REGIONAL $230 148 $225 119
4605 BARLIL $200 27 $200 23
4606 CHARLESTOWN $215 13 $210 11
4608 CHARLESTOWN $230 5 N.A. 2
4610 ALICE CREEK $250 71 $250 47
4615 BARKER CREEK FLAT $220 29 $220 34
FRASER COAST REGIONAL $220 156 $210 175
4650 ALDERSHOT $185 51 $175 44
4655 BOORAL $240 101 $230 125
GYMPIE REGIONAL $200 63 $200 52
4570 AMAMOOR $200 41 $212 37
4580 COOLOOLA $200 6 $190 6
4581 EURONG $200 15 $200 6
SOUTH BURNETT REGIONAL $195 47 $190 39
4606 CHARLESTOWN $180 5 N.A. 1
4610 ALICE CREEK $200 36 $195 33
FRASER COAST REGIONAL $310 63 $300 63
4655 BOORAL $310 61 $300 63
GYMPIE REGIONAL $300 13 N.A. 4
4570 AMAMOOR $330 8 N.A. 3
4580 COOLOOLA $285 5 N.A. 0
RENTAL MARKET - 3 BED HOUSESDEC-13 DEC-12
POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
RENTAL MARKET - 3 BED TOWNHOUSES
RENTAL MARKET - 2 BED UNITSDEC-13 DEC-12
POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
BUNDABERGSALES MARKET
Over the December quarter 2013 the Bundaberg median house price increased 5.7 per cent to $280,000 with preliminary sales numbers increasing by 3 per cent over the quarter.
With interest rates currently on hold and a general awareness the market is improving, buyers are reportedly more active and confident buying in the Bundaberg area.
Local agents also report a steady influx of people moving to the area with owner-occupiers being the most active, particularly in the $350,000-plus bracket. Over the quarter, this price point was behind the majority of the increased activity.
Higher quality, four bedroom homes are most favoured according to local agents, while investors who typically look more at the $250,000 to $350,000 properties with good rental returns haven’t been quite as active this quarter.
The suburb of Bargara proved most popular with 20 preliminary sales recorded for the quarter, up on the September quarter. Sales numbers were also up in the inner suburbs of Norville, Walkervale and the southern beachside town of Woodgate.
Kepnock also recorded steady results for the quarter, with a 5.5 per cent increase in its house median. Over the year, the suburb also recorded the highest increase in sales activity with some new residential development contributing to this increase out along Kepnock Rd.
Located on the eastern outskirts of the Bundaberg metropolitan area, Kepnock is said to be in an ideal position with close proximity to the CBD and drive out to the beaches at Bargara.
Confidence has also been buoyed by a number of good news stories around new developments in the area for retail, tourism and infrastructure.
Developments coming up include the new Masters store, the redevelopment of the turtle rockery, upgrades to the Bundaberg Rum Distillery tourist facilities, council announcing the development of the airport and also the redevelopment of the marina at Burnett Heads.
These four developments are said to vastly improve the amenity of the area for local residents as well as provide increased job opportunities.
With so much activity going on, local agents feel the outlook for the area is all very positive moving forward.
In the unit and townhouse market, sales activity was also up while the median recorded a drop of 18 per cent due to a drop in the number of higher quality units with water views compared to the September quarter.
The majority of unit sales continue to occur in the beachside suburb of Bargara although over the 2013 Calender year the number of water front unit sales was down markedly compared to 2012, resulting in a significant drop in the annual median.
Over the quarter the increased sales activity was recorded in the sub-$250,000 price point which also contributed to the fall in the overall median sale price.
RENTAL MARKET
Despite a quiet Christmas period seeing vacancy rates ease to 4.3 per cent, local agents report an increase in investor activity with strong returns continuing.
Local agents from the Burnett Heads area report healthy market conditions, with investor activity strong in new development releases.
Would-be vendors are also reportedly keeping their properties within the rental pool, in anticipation of stronger conditions in the sales market in the year ahead.
Median rents from the RTA show steady tenant demand, with median weekly rents also holding strong over the past few quarters.
"Confidence has also been buoyed by a number of good news stories around new developments in the area for retail, tourism and infrastructure"
26 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
BUNDABERG REGIONAL $280 365 $275 378
4660 ABINGTON $270 25 $260 29
4670 ABBOTSFORD $290 323 $280 326
4671 BOOLBOONDA $255 16 $250 22
NORTH BURNETT REGIONAL $220 62 $200 40
4625 ARANBANGA $235 21 $220 20
4626 BEERON $220 8 $220 7
4630 BANCROFT $220 28 $165 7
BUNDABERG REGIONAL $300 14 $285 20
4670 ABBOTSFORD $300 14 $290 19
BUNDABERG (LGA) ~ f 35 $243,500 -18.0% $237,500 -7.3% -7.6%
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
133
216
179
236
204
303
329
334
375
380
185
231
252
306
292
116
169
187
191
192
20
45
42
44
57
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
56
100
78
92
74
150
136
135
152
187
88
112
100
95
132
59
68
49
62
79
11
12
8
10
12
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
13
20
18
7
17
6
11
6
10
9
4
4
2
3
2
8
1
2
1
6
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BUNDABERG UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
115
115
134
146
142
30
30
25
41
31
17
12
12
29
13
11
13
12
14
20
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
CAIRNS UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
19
17
10
25
18
14
12
20
17
10
6
2
4
3
1
1
0
0
1
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
FRASER COAST UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
1
3
1
6
2
14
13
5
9
3
6
9
7
5
3
3
2
0
1
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GLADSTONE UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
26
37
30
33
33
33
35
28
23
27
24
11
11
11
25
7
10
6
8
8
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOWNSVILLE UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
6
9
10
18
8
24
12
11
14
9
13
10
20
5
6
4
4
3
4
1
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
MACKAY UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
15
7
14
12
12
1
8
5
9
12
5
9
7
6
11
3
5
1
1
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
ROCKHAMPTON UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
28
36
27
38
37
21
21
23
27
34
7
8
5
10
7
1
0
3
0
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOOWOOMBA UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
287
256
237
329
220
50
42
31
45
49
8
16
12
11
14
5
5
6
4
7
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE SURROUNDS LAND SALES (p)
<$250,000 $250,000+ $350,000+ $500,000+ Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
45
31
35
37
16
45
49
26
27
32
29
40
34
37
28
12
8
6
7
10
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY LAND SALES (p) <$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
38
55
34
39
25
2
1
1
3
2
0
2
1
3
2
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOOWOOMBA LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
62
62
33
37
40
0
1
2
2
3
0
1
1
1
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
ROCKHAMPTON LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
58
65
47
41
14
10
17
3
5
7
2
2
2
1
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
MACKAY LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
42
26
25
40
41
1
1
1
0
3
0
0
1
0
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
FRASER COAST LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
38
47
33
41
25
1
0
1
2
0
0
0
0
0
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BUNDABERG LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
51
52
41
40
45
16
6
11
15
24
7
8
5
5
3
13
5
7
8
6
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST LAND SALES (p) <$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
71
49
47
53
40
38
38
18
20
21
9
12
10
12
12
7
8
7
10
4
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST LAND SALES (p) <$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
14
20
23
33
25
10
12
9
3
2
3
2
1
2
2
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GLADSTONE LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
70
67
34
42
57
4
8
5
5
4
3
1
0
5
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
CAIRNS LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
77
72
56
47
40
3
1
5
4
2
2
2
0
3
4
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOWNSVILLE LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
RENTAL MARKET - 3 BED TOWNHOUSES
SALES MARKET - VACANT LAND
SALES MARKET - UNITS & TOWNHOUSES
BUNDABERG REGIONAL $220 170 $210 148
4660 ABINGTON $230 5 $200 6
4670 ABBOTSFORD $224 161 $210 141
NORTH BURNETT REGIONAL $220 10 $165 11
4626 BEERON $250 5 N.A. 2
RENTAL MARKET - 2 BED UNITS
HO
USE PR
ICEPO
INTS - PR
ELIMIN
AR
Y SALES N
UM
BER
S BY PR
ICE R
AN
GE
186
174
201
179
146
786
686
740
880
787
1025
910
1081
1280
1529
106
97
124
150
171
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
902
832
844
1005
908
739
697
694
810
939
281
254
268
279
362
8
12
13
9
14
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE SURROUNDS HOUSE SALES (p)
<$350,000 $350,000+ $500,000+ $1m+INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
74
99
98
113
115
364
353
406
443
517
324
293
302
341
418
48
48
54
60
65
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
131
103
114
113
101
298
269
271
353
394
176
186
189
219
278
24
19
27
26
33
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
130
121
159
158
146
39
36
26
25
42
7
9
4
8
10
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BUNDABERG HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
179
148
178
199
186
131
134
139
150
155
45
42
36
57
49
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
CAIRNS HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
158
162
176
179
172
36
32
47
49
36
8
6
10
3
8
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
FRASER COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
13
13
12
33
21
86
68
73
53
73
27
32
28
22
27
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GLADSTONE HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
193
172
168
189
192
188
171
162
144
187
46
39
50
41
48
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOWNSVILLE HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
39
39
30
42
53
159
132
113
116
118
57
55
42
44
42
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
MACKAY HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
174
151
168
185
178
79
92
96
79
80
24
27
26
26
30
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
ROCKHAMPTON HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
257
245
248
281
297
113
91
123
132
155
25
23
24
26
43
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOOWOOMBA HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
27
REGIONAL MARKET UPDATES
DECEMBER QUARTER 2013
SALES MARKET
After very subdued activity over the first three quarters of 2013, the Gladstone property market is finally starting to see a recovery in sales, most notably the detached house market.
Over the December quarter the median house price increased 5 per cent to $420,000 while preliminary sales numbers increased by 17 per cent.
Local REIQ accredited agencies say normality is returning to the market.
According to local agents, the market was now beginning to improve with a sense of normality returning, despite volumes being well below what they were a year ago.
With house sales volumes picking up once again, the region is starting to see the median house price likewise creep up.
First home buyers are reportedly becoming more active as are other home buyers. With investor activity down, owner-occupiers are finally taking advantage of some breathing space.
Local agents say that given the significant changes in the Gladstone market, many buyers are seeing this as a great opportunity to enter the market or upgrade their existing home.
The longer days on market compared to 12 months ago are also said to be merely a reflection of the uncertainty around the mining industry over the past year.
Other indicators that the market is steadying are on-the-market listings, as well as the number of properties under construction reducing and local agents are confident this will continue to steady the Gladstone property market over the next quarter.
Albeit a small proportion of the Gladstone property market, the unit and townhouse market continues to languish, with sales activity continuing to decline for the last quarter of the year, despite a small spike in activity over the September quarter.
Investor activity in the unit market has all but come to a stop, with those still active more interested in the detached house market.
GLADSTONE
With a significant drop off in new unit sales, suburbs such as Gladstone City and Glen Eden recorded large declines in their annual median unit price compared to a year ago. The flurry of investor activity is also said to have propped up property prices at that time.
RENTAL MARKET
At the of December 2013, the Gladstone rental market continued to show easing market conditions with the vacancy rate increasing yet again to 7.7 per cent.
Up from 5.8 per cent in September and up from 2.1 per cent 12 months ago, local agents in Gladstone report a continued glut of rental stock. The market is still adjusting to going from a severe lack of supply to an oversupply as multiple new developments have come onto the market.
Downturn in the mining industry is seeing work contracts coming to an end resulting in many leaving the area in search of work.
Since the end of December however, there are signs that activity is once again picking up which should in turn see the overall vacancy rate improve.
With continued easing tenant demand and over supply issues, corrections in asking rents also continue. Compared to the December quarter 2012, median rents for three bedroom houses are down $105 to $395 per week, two bedroom flats down $70 to $330 per week and three bedroom townhouses down $80 to $480 per week.
HO
USE PR
ICEPO
INTS - PR
ELIMIN
AR
Y SALES N
UM
BER
S BY PR
ICE R
AN
GE
186
174
201
179
146
786
686
740
880
787
1025
910
1081
1280
1529
106
97
124
150
171
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
902
832
844
1005
908
739
697
694
810
939
281
254
268
279
362
8
12
13
9
14
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE SURROUNDS HOUSE SALES (p)
<$350,000 $350,000+ $500,000+ $1m+INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
74
99
98
113
115
364
353
406
443
517
324
293
302
341
418
48
48
54
60
65
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
131
103
114
113
101
298
269
271
353
394
176
186
189
219
278
24
19
27
26
33
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
130
121
159
158
146
39
36
26
25
42
7
9
4
8
10
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BUNDABERG HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
179
148
178
199
186
131
134
139
150
155
45
42
36
57
49
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
CAIRNS HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
158
162
176
179
172
36
32
47
49
36
8
6
10
3
8
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
FRASER COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
13
13
12
33
21
86
68
73
53
73
27
32
28
22
27
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GLADSTONE HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
193
172
168
189
192
188
171
162
144
187
46
39
50
41
48
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOWNSVILLE HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
39
39
30
42
53
159
132
113
116
118
57
55
42
44
42
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
MACKAY HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
174
151
168
185
178
79
92
96
79
80
24
27
26
26
30
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
ROCKHAMPTON HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
257
245
248
281
297
113
91
123
132
155
25
23
24
26
43
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOOWOOMBA HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
UN
IT & TO
WN
HOU
SE PRICE POIN
TS - PRELIMIN
ARY SALES NU
MBERS BY PRICE RAN
GE
38
60
43
50
47
320
275
301
343
294
531
489
545
612
560
222
209
234
279
314
20
28
32
46
39
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
133
216
179
236
204
303
329
334
375
380
185
231
252
306
292
116
169
187
191
192
20
45
42
44
57
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
56
100
78
92
74
150
136
135
152
187
88
112
100
95
132
59
68
49
62
79
11
12
8
10
12
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
13
20
18
7
17
6
11
6
10
9
4
4
2
3
2
8
1
2
1
6
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BUNDABERG UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
115
115
134
146
142
30
30
25
41
31
17
12
12
29
13
11
13
12
14
20
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
CAIRNS UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
19
17
10
25
18
14
12
20
17
10
6
2
4
3
1
1
0
0
1
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
FRASER COAST UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
1
3
1
6
2
14
13
5
9
3
6
9
7
5
3
3
2
0
1
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GLADSTONE UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
26
37
30
33
33
33
35
28
23
27
24
11
11
11
25
7
10
6
8
8
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOWNSVILLE UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
6
9
10
18
8
24
12
11
14
9
13
10
20
5
6
4
4
3
4
1
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
MACKAY UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
15
7
14
12
12
1
8
5
9
12
5
9
7
6
11
3
5
1
1
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
ROCKHAMPTON UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
28
36
27
38
37
21
21
23
27
34
7
8
5
10
7
1
0
3
0
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOOWOOMBA UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
287
256
237
329
220
50
42
31
45
49
8
16
12
11
14
5
5
6
4
7
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE SURROUNDS LAND SALES (p)
<$250,000 $250,000+ $350,000+ $500,000+ Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
45
31
35
37
16
45
49
26
27
32
29
40
34
37
28
12
8
6
7
10
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY LAND SALES (p) <$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
38
55
34
39
25
2
1
1
3
2
0
2
1
3
2
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOOWOOMBA LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
62
62
33
37
40
0
1
2
2
3
0
1
1
1
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
ROCKHAMPTON LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
58
65
47
41
14
10
17
3
5
7
2
2
2
1
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
MACKAY LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
42
26
25
40
41
1
1
1
0
3
0
0
1
0
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
FRASER COAST LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
38
47
33
41
25
1
0
1
2
0
0
0
0
0
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BUNDABERG LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
51
52
41
40
45
16
6
11
15
24
7
8
5
5
3
13
5
7
8
6
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST LAND SALES (p) <$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
71
49
47
53
40
38
38
18
20
21
9
12
10
12
12
7
8
7
10
4
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST LAND SALES (p) <$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
14
20
23
33
25
10
12
9
3
2
3
2
1
2
2
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GLADSTONE LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
70
67
34
42
57
4
8
5
5
4
3
1
0
5
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
CAIRNS LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
77
72
56
47
40
3
1
5
4
2
2
2
0
3
4
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOWNSVILLE LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
"After a very subdued activity over the first three quarters of 2013, the Gladstone property market is finally starting to see a recovery in sales activity, most notably the house market."
28 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
The suburbs of Yeppoon and Norman Gardens were the top performers for the quarter, with both suburbs posting an increase in sales activity.
Yeppoon continues to be a popular choice for home buyers and investors given its coastal location and driving distance from a major regional centre.
Within the Rockhampton metropolitan area, Norman Gardens has continued in popularity with new housing developments and the outlook a number of homes have located in the elevated areas of the suburb.
SALES MARKET
As seen in the previous quarter, the Rockhampton house market remained steady over the December quarter, with the median house price increasing just 0.5 per cent to $320,000.
Local agents say Rockhampton’s property market continues to remain very stable, despite easing conditions in the mining regions. Confidence levels reportedly remain steady with the outlook for the region quite positive.
Rockhampton is fortunate in that it does not rely solely on the mining industry, or any one industry for that matter, and is therefore relatively well insulated from any downturn.
Rockhampton’s property market has historically lagged behind the Brisbane market, giving local agents confidence that the region has something to look forward to given the positive sales activity in SEQ.
Sales activity remained steady over the quarter with little change in preliminary sales numbers compared to three months before. Whilst the sub-$350,000 price point records the majority of sales numbers, the $500,000 plus price point did see numbers nudge up higher since September.
POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
RENTAL MARKET - 3 BED TOWNHOUSES
SALES MARKET - VACANT LAND
SALES MARKET - UNITS & TOWNHOUSES
GLADSTONE REGIONAL $330 186 $400 141
4677 AGNES WATER $295 8 N.A. 2
4680 GLADSTONE $330 178 $410 138
BANANA SHIRE $260 25 $240 18
4715 BILOELA $250 23 $245 15
RENTAL MARKET - 2 BED UNITS
HO
USE PR
ICEPO
INTS - PR
ELIMIN
AR
Y SALES N
UM
BER
S BY PR
ICE R
AN
GE
186
174
201
179
146
786
686
740
880
787
1025
910
1081
1280
1529
106
97
124
150
171
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
902
832
844
1005
908
739
697
694
810
939
281
254
268
279
362
8
12
13
9
14
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE SURROUNDS HOUSE SALES (p)
<$350,000 $350,000+ $500,000+ $1m+INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
74
99
98
113
115
364
353
406
443
517
324
293
302
341
418
48
48
54
60
65
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
131
103
114
113
101
298
269
271
353
394
176
186
189
219
278
24
19
27
26
33
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
130
121
159
158
146
39
36
26
25
42
7
9
4
8
10
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BUNDABERG HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
179
148
178
199
186
131
134
139
150
155
45
42
36
57
49
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
CAIRNS HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
158
162
176
179
172
36
32
47
49
36
8
6
10
3
8
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
FRASER COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
13
13
12
33
21
86
68
73
53
73
27
32
28
22
27
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GLADSTONE HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
193
172
168
189
192
188
171
162
144
187
46
39
50
41
48
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOWNSVILLE HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
39
39
30
42
53
159
132
113
116
118
57
55
42
44
42
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
MACKAY HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
174
151
168
185
178
79
92
96
79
80
24
27
26
26
30
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
ROCKHAMPTON HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
257
245
248
281
297
113
91
123
132
155
25
23
24
26
43
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOOWOOMBA HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
29
REGIONAL MARKET UPDATES
DECEMBER QUARTER 2013
SALES MARKET (CONT'D)
Buyer activity is said to be evenly split between investors and owner-occupiers, with investors continuing to be attracted to the affordably priced properties in the area.
In the unit and townhouse market there is continued development along the riverfront with two major high rise developments currently under construction. Both have proven popular with buyers and have reportedly all been sold off-the-plan.
Other sales activity in the unit market has been spread across the various suburbs in Rockhampton, with the median unit and townhouse price increasing 9.8 per cent over the quarter.
Other market indicators show the Rockhampton unit market as the most improved across all the major LGAs in Queensland, with average days on market at 105 days, down from 139 days 12 months ago.
With sales in new inner city developments yet to settle, the majority of unit sales continue to be recorded in Yeppoon.
RENTAL MARKET
While the sales market remains steady, the Rockhampton rental market continues to show easing market conditions. At the end of December, local REIQ agents reported a vacancy rate of 7 per cent, up from 4.7 per cent at the end of September.
This high level of vacancy however is largely a result of the oversupply of investor stock in the suburb of Gracemere, with tenants also relocating from the area in search of work.
Median weekly rents for three bedroom houses in the postcode 4702, which includes the suburb of Gracemere, were down $40 to $310 per week compared to a year ago.
Three bedroom townhouses however recorded a median of $440 per week, which in turn saw the Rockhampton LGA’s median rent increase to $420 for the December quarter, up from $340 a year ago.
Despite the easing market conditions, local agents are reportedly seeing signs of recovery since the start of 2014.
UN
IT & TO
WN
HOU
SE PRICE POIN
TS - PRELIMIN
ARY SALES NU
MBERS BY PRICE RAN
GE
38
60
43
50
47
320
275
301
343
294
531
489
545
612
560
222
209
234
279
314
20
28
32
46
39
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
CENTRAL HIGHLANDS (LGA) 10 N/A N/A $155,000 1.3% 58.2%
EMERALD 10 $150,000 8.1% $155,000 1.3% 17.6%
SALES MARKET - HOUSES
SUBURBNUMBER OF SALES
DEC13
MEDIAN SALE DEC13
QTRLY CHANGE
MEDIAN SALE
12MTHS DEC13
1YR CHANGE
5YR CHANGE
SALES MARKET - VACANT LAND
SALES MARKET - UNITS & TOWNHOUSES
30 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
The town of Sarina, with a median of $270,000, recorded one of the highest increases in sales for the quarter, which local agents say may be due to the expansion of the Hay Point Coal Port seeing new residents locating to the area.
The top performer was the suburb of Rural View, with preliminary sales numbers more than double that recorded during the September quarter. Located in the northern development corridor, the result is a good sign that supply levels are slowly being absorbed.
In the unit and townhouse market, sales activity was down on the previous quarter, while the median sale price recorded a steady increase of 2.5 per cent.
With investor activity down, this segment of the property market continues to be slow with owner-occupiers more interested in the detached house market.
After a languid 2013, the resources industry is said to have turned the corner and the outlook for the region is positive.
SALES MARKET
Over the December quarter the Mackay median house price decreased 2.4 per cent to $410,000 with preliminary sales numbers increasing by 11 per cent over the quarter.
Although there was increase in activity, local agents say the market was still relatively slow. Overall volumes of sales are down on historical levels, and given the oversupply of houses currently on the market, it is said to still be very much a buyers’ market.
The building industry has slowed and the market is still seeing the tail-end of the influx of investment developments that started three to four years ago.
Confidence levels are said to still be affected by uncertainty around the resources industry and in particular a lack of confidence in the local economy surrounding long-term employment.
The increased sales activity recorded over the quarter was predominantly seen at the affordable end of the market with suburbs such as Andergrove and Bucasia recording a drop in house median sale price for the quarter.
MACKAYH
OU
SE PRIC
EPOIN
TS - PRELIM
INA
RY SA
LES NU
MB
ERS B
Y PRIC
E RA
NG
E
186
174
201
179
146
786
686
740
880
787
1025
910
1081
1280
1529
106
97
124
150
171
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
902
832
844
1005
908
739
697
694
810
939
281
254
268
279
362
8
12
13
9
14
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE SURROUNDS HOUSE SALES (p)
<$350,000 $350,000+ $500,000+ $1m+INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
74
99
98
113
115
364
353
406
443
517
324
293
302
341
418
48
48
54
60
65
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
131
103
114
113
101
298
269
271
353
394
176
186
189
219
278
24
19
27
26
33
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
130
121
159
158
146
39
36
26
25
42
7
9
4
8
10
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BUNDABERG HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
179
148
178
199
186
131
134
139
150
155
45
42
36
57
49
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
CAIRNS HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
158
162
176
179
172
36
32
47
49
36
8
6
10
3
8
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
FRASER COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
13
13
12
33
21
86
68
73
53
73
27
32
28
22
27
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GLADSTONE HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
193
172
168
189
192
188
171
162
144
187
46
39
50
41
48
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOWNSVILLE HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
39
39
30
42
53
159
132
113
116
118
57
55
42
44
42
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
MACKAY HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
174
151
168
185
178
79
92
96
79
80
24
27
26
26
30
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
ROCKHAMPTON HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
257
245
248
281
297
113
91
123
132
155
25
23
24
26
43
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOOWOOMBA HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
UN
IT & TO
WN
HOU
SE PRICE POIN
TS - PRELIMIN
ARY SALES NU
MBERS BY PRICE RAN
GE
38
60
43
50
47
320
275
301
343
294
531
489
545
612
560
222
209
234
279
314
20
28
32
46
39
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
RENTAL MARKET - 3 BED TOWNHOUSES
ROCKHAMPTON REGIONAL $255 224 $260 238
4700 ALLENSTOWN $240 53 $250 55
4701 BERSERKER $250 110 $250 100
4703 ADELAIDE PARK $300 59 $300 74
CENTRAL HIGHLANDS REGIONAL $250 87 $400 48
4717 BLACKWATER $200 18 $285 11
4720 EMERALD $265 64 $400 37
RENTAL MARKET - 2 BED UNITSDEC-13 DEC-12
POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
"After a languid 2013, the resources industry is said to have turned the corner and the outlook for the region is positive."
31
REGIONAL MARKET UPDATES
DECEMBER QUARTER 2013
SALES MARKET (CONT'D)
The sales and rental markets appear to have bottomed with the recovery said to be slow with supply expected to remain stronger then demand for at least the first half of this year. Local agents however predict that this imbalance is to be corrected by the end of the year
RENTAL MARKET
The rental market in Mackay is similar to that seen in Gladstone, with job losses and over supply of rental stock within new residential developments affecting the vacancy rate.
At the end of December 2013 Mackay recorded a vacancy rate of 7.7 per cent up from 5 per cent three months ago. Local agents report vacancies taking in excess of 4 weeks to fill and low applicant numbers per listing.
Despite some incidences of local agents reporting expensive asking rents, the easing vacancy levels are converting to lower median weekly rents. Compared to the December quarter 2012, median rents are down $70 to $390 for three bedroom houses, down $60 to $300 per week for two bedroom flats and down $120 to $380 per week for three bedroom townhouses.
The numbers of new bonds lodged for the December quarter 2013 however were all up for each of these rental types over the same period.
<$250,000 $250,000+ $350,000+ $500,000+ Includes IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
45
31
35
37
16
45
49
26
27
32
29
40
34
37
28
12
8
6
7
10
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY LAND SALES (p) <$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
38
55
34
39
25
2
1
1
3
2
0
2
1
3
2
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOOWOOMBA LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
62
62
33
37
40
0
1
2
2
3
0
1
1
1
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
ROCKHAMPTON LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
58
65
47
41
14
10
17
3
5
7
2
2
2
1
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
MACKAY LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
42
26
25
40
41
1
1
1
0
3
0
0
1
0
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
FRASER COAST LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
38
47
33
41
25
1
0
1
2
0
0
0
0
0
0
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BUNDABERG LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
51
52
41
40
45
16
6
11
15
24
7
8
5
5
3
13
5
7
8
6
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST LAND SALES (p) <$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
71
49
47
53
40
38
38
18
20
21
9
12
10
12
12
7
8
7
10
4
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST LAND SALES (p) <$250,000 $250,000+ $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
14
20
23
33
25
10
12
9
3
2
3
2
1
2
2
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GLADSTONE LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
70
67
34
42
57
4
8
5
5
4
3
1
0
5
3
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
CAIRNS LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
77
72
56
47
40
3
1
5
4
2
2
2
0
3
4
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOWNSVILLE LAND SALES (p) <$250,000 $250,000+ $350,000+
(p) Preliminary. See explanatory notes for further informaKon. Source: REIQ, data provided by RP Data.
32 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
New unit sales in the suburb of Idalia were also up for the quarter, contributing to the overall increase in the region’s median sale price.
RENTAL MARKET
With a recovery occurring in the sales market, the rental market in Townsville has eased. As at the end of December local agents report a vacancy rate of 4.8 per cent, up from 3.5 per cent at the end of September.
Local agents say the release of new developments and in particular NRAS developments are adding to supply and creating a two-tiered rental market in terms of asking rent.
The slowdown in mining is having some impact on investor confidence; however local agents feel that the Townsville property market is beginning to show signs of improvement.
According to the latest figures from the RTA, median weekly rents eased across most rental property types compared to the December quarter 2012. Three bedroom houses and two bedroom townhouses were both down $10 to $340 and $280 per week respectively, while two bedroom flats remained steady at $280 per week.
SALES MARKET
The Townsville median house price increased 3.2 per cent to $357,000 with preliminary sales numbers increasing by 17 per cent over the quarter.
Similar to South East Queensland, this increase in activity over the December quarter bucks the typical trend of the Christmas and New Year's period being one of the quieter times for the property market.
According to local agents, the Townsville house market is returning to solid conditions following a very subdued September quarter that was affected by the Federal Election. With low interest rates enticing buyers back into the market, local agents say it’s business as usual.
While first home buyers are still nowhere to be seen, investors have come back to a degree - typically targeting the city fringe or central business district locations.
Of the owner-occupiers most active, up-graders looking to buy in the $500,000 to $700,000 price range are reportedly the stand out buyers. With sales activity in this price bracket, confidence is reportedly improving.
With buyer activity up, a number of suburbs across Townsville recorded healthy results. Top performers included Annandale, Burdell, Kirwan and Douglas. Apart from Kirwan, all of these suburbs have medians in excess of $400,000 – suburbs typically targeted by up-graders.
The suburb of Idalia recorded a number of new house sales which contributed to the suburbs median increasing 11.3 per cent over the quarter to $464,000.
The unit and townhouse market in Townsville is also the rebound with preliminary sales numbers up 25 per cent compared to the September quarter, and the median sales price was up 7.7 per cent to $280,000.
Increased sales activity was recorded in the suburbs of Nelly Bay, North Ward and Townsville City. Nelly Bay, located on Magnetic Island, saw a number of sales in a premium resort-style complex, where investors have been achieving good value for money prices.
TOWNSVILLE
HO
USE PR
ICEPO
INTS - PR
ELIMIN
AR
Y SALES N
UM
BER
S BY PR
ICE R
AN
GE
186
174
201
179
146
786
686
740
880
787
1025
910
1081
1280
1529
106
97
124
150
171
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
902
832
844
1005
908
739
697
694
810
939
281
254
268
279
362
8
12
13
9
14
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE SURROUNDS HOUSE SALES (p)
<$350,000 $350,000+ $500,000+ $1m+INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
74
99
98
113
115
364
353
406
443
517
324
293
302
341
418
48
48
54
60
65
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
131
103
114
113
101
298
269
271
353
394
176
186
189
219
278
24
19
27
26
33
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
130
121
159
158
146
39
36
26
25
42
7
9
4
8
10
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BUNDABERG HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
179
148
178
199
186
131
134
139
150
155
45
42
36
57
49
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
CAIRNS HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
158
162
176
179
172
36
32
47
49
36
8
6
10
3
8
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
FRASER COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
13
13
12
33
21
86
68
73
53
73
27
32
28
22
27
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GLADSTONE HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
193
172
168
189
192
188
171
162
144
187
46
39
50
41
48
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOWNSVILLE HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
39
39
30
42
53
159
132
113
116
118
57
55
42
44
42
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
MACKAY HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
174
151
168
185
178
79
92
96
79
80
24
27
26
26
30
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
ROCKHAMPTON HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
257
245
248
281
297
113
91
123
132
155
25
23
24
26
43
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOOWOOMBA HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
MACKAY REGIONAL $390 447 $460 301
4737 ARMSTRONG BEACH $350 34 $450 31
4740 ALEXANDRA $395 355 $480 213
4741 BALL BAY $330 8 $400 11
4750 BUCASIA $400 22 $500 15
4751 GREENMOUNT $360 11 $450 12
4753 DEVEREUX CREEK $350 7 $380 6
ISAAC REGIONAL $340 161 $500 129
4721 CLERMONT $350 14 $500 13
4744 MORANBAH $350 92 $550 73
4745 DYSART $230 45 $400 31
4746 GERMAN CREEK $400 8 $900 6
WHITSUNDEY REGIONAL $350 139 $350 162
4800 ANDROMACHE $320 33 $330 34
4802 AIRLIE BEACH $420 49 $420 56
4804 COLLINSVILLE $200 7 $290 14
4805 BINBEE $295 50 $345 58
MACKAY REGIONAL $380 47 $500 31
4740 ALEXANDRA $390 42 $500 29
ISAAC REGIONAL $450 21 $545 23
4721 CLERMONT $350 6 $545 8
4744 MORANBAH $500 12 $600 15
WHITSUNDEY REGIONAL $360 35 $380 31
4802 AIRLIE BEACH $375 26 $380 29
RENTAL MARKET - 3 BED HOUSESDEC-13 DEC-12
POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
RENTAL MARKET - 3 BED TOWNHOUSES
MACKAY REGIONAL $300 271 $360 244
4737 ARMSTRONG BEACH $270 11 $280 12
4740 ALEXANDRA $300 243 $370 212
4750 BUCASIA $280 8 $380 6
ISAAC REGIONAL $250 17 $300 12
4744 MORANBAH $300 7 $300 8
WHITSUNDEY REGIONAL $300 167 $300 150
4800 ANDROMACHE $230 15 $240 14
4802 AIRLIE BEACH $320 109 $320 107
4803 HAMILTON ISLAND $500 5 $480 6
4805 BINBEE $260 38 $250 22
RENTAL MARKET - 2 BED UNITSDEC-13 DEC-12
POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
33
REGIONAL MARKET UPDATES
DECEMBER QUARTER 2013
UN
IT & TO
WN
HOU
SE PRICE POIN
TS - PRELIMIN
ARY SALES NU
MBERS BY PRICE RAN
GE
38
60
43
50
47
320
275
301
343
294
531
489
545
612
560
222
209
234
279
314
20
28
32
46
39
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
"With low interest rates enticing buyers back into the market, local agents say it’s business as usual"
34 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
SALES MARKET
The median house price in Cairns increased 1 per cent to $355,000 over the December quarter. Its median also increased 2.9 per cent over the year. The preliminary numbers of house increased 14 per cent over the year.
According to local agents, the Cairns market is performing well with volumes and prices increasing. Auction clearance rates are reportedly rising as are prices for auctioned properties.
The Cairns property market has a cyclical nature and as such the December quarter is usually more buoyant than the March period. This appears to currently be the case with local agents reporting a slight reduction in sales activity since the final three months of 2013. That said stock is quickly becoming difficult to source which is underpinning price growth.
Investors are particularly interested in the Cairns market with enquiries being fielded from interstate investors as well as those overseas. This was partly due to positive press coverage of the region by economic commentators.
The instances of multiple offers are becoming more prevalent and local agents say the prices are nearly back to their peak in 2006 with the only way up from there.
The Cairns market is expected to continue to improve throughout this year with demand likely to exceed supply as affordable and good stock dries up.
Two solid performers for median house price movements over the December quarter were Port Douglas and Redlynch. The median house price in Port Douglas increased 13 per cent to $463,500 while Redlynch’s posted growth of 15 per cent to $477,500.
The Cairns unit market, while improving, is not yet in the same league as the house market. According to local agents, however, the low price points available in the unit market are attracting buyers but stock levels at the bottom end of the market are quickly disappearing.
The median unit and townhouse price in Cairns reduced 14.7 per cent to $183,500 but was steady over the year ending December. A drop in median price of this proportion is usually the result of the composition of sales which sold over the three-month quarterly period.
A more reliable indicator of price movement is the yearly price change. In this regard, a solid performer over the year ending December was Cairns City which posted a median unit price increase of 6.3 per cent to $340,000. Likewise, Earlville’s median unit price increased 6 per cent to $195,000 over the same period.
RENTAL MARKET
In Cairns, vacancy rates did ease somewhat at the end of December, up 0.4 percentage points since September. Local agents report an undersupply of house rentals with most vacancies coming from unit rentals. At the end of December the vacancy rate in Cairns was 2 per cent.
The median weekly rent for three bedroom houses in Cairns continued to remain relatively stable in December.
For two bedroom flats, median rents were predominantly stable, however Cairns is beginning to record an increase in its median weekly rent, which is no doubt good news for investors who have struggled with rising costs associated with unit developments.
CAIRNS
HO
USE PR
ICEPO
INTS - PR
ELIMIN
AR
Y SALES N
UM
BER
S BY PR
ICE R
AN
GE
186
174
201
179
146
786
686
740
880
787
1025
910
1081
1280
1529
106
97
124
150
171
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
902
832
844
1005
908
739
697
694
810
939
281
254
268
279
362
8
12
13
9
14
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE SURROUNDS HOUSE SALES (p)
<$350,000 $350,000+ $500,000+ $1m+INCLUDES IPSWICH, LOGAN, MORETON BAY & REDLAND
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
74
99
98
113
115
364
353
406
443
517
324
293
302
341
418
48
48
54
60
65
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GOLD COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
131
103
114
113
101
298
269
271
353
394
176
186
189
219
278
24
19
27
26
33
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
SUNSHINE COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
130
121
159
158
146
39
36
26
25
42
7
9
4
8
10
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BUNDABERG HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
179
148
178
199
186
131
134
139
150
155
45
42
36
57
49
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
CAIRNS HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
158
162
176
179
172
36
32
47
49
36
8
6
10
3
8
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
FRASER COAST HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
13
13
12
33
21
86
68
73
53
73
27
32
28
22
27
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
GLADSTONE HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
193
172
168
189
192
188
171
162
144
187
46
39
50
41
48
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOWNSVILLE HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
39
39
30
42
53
159
132
113
116
118
57
55
42
44
42
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
MACKAY HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
174
151
168
185
178
79
92
96
79
80
24
27
26
26
30
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
ROCKHAMPTON HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
257
245
248
281
297
113
91
123
132
155
25
23
24
26
43
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
TOOWOOMBA HOUSE SALES (p)<$350,000 $350,000+ $500,000+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
TOWNSVILLE CITY $280 47 $290 41
4810 BELGIAN GARDENS $310 19 $310 16
4812 CURRAJONG $280 19 $280 15
4814 AITKENVALE $240 6 N.A. 3
TOWNSVILLE CITY $280 648 $280 686
4810 BELGIAN GARDENS $300 311 $300 311
4811 CLUDEN $320 26 $350 37
4812 CURRAJONG $260 174 $260 171
4814 AITKENVALE $270 70 $325 99
4815 CONDON $260 13 $250 24
4817 ALICE RIVER $265 34 $260 30
4819 ARCADIA $320 16 $300 10
BURDEKIN SHIRE $210 55 $200 60
4806 ARKENDEITH $200 8 $180 7
4807 AIRVILLE $210 46 $210 50
CHARTERS TOWERS REGIONAL $165 15 $200 18
4820 ALABAMA HILL $165 15 $200 18
HINCHINBROOK SHIRE $190 15 $200 11
4850 ABERGOWRIE $190 15 $200 11
RENTAL MARKET - 2 BED UNITSDEC-13 DEC-12
POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
RENTAL MARKET - 2 BED TOWNHOUSESDEC-13 DEC-12
POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
35
REGIONAL MARKET UPDATES
DECEMBER QUARTER 2013
UN
IT & TO
WN
HOU
SE PRICE POIN
TS - PRELIMIN
ARY SALES NU
MBERS BY PRICE RAN
GE
38
60
43
50
47
320
275
301
343
294
531
489
545
612
560
222
209
234
279
314
20
28
32
46
39
DEC 12
MAR 13
JUN 13
SEP 13
DEC 13
BRISBANE CITY UNIT SALES (p)<$250,000 $250,000+ $350,000+ $500,000+ $1m+
(p) Preliminary. See explanatory notes for further information.Source: REIQ, data provided by RP Data.
POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
"Over the five years to 2013, the western regional areas of Queensland continue to record healthy median price growth."
36 QUEENSLAND MARKET MONITOR
REGIONAL MARKET UPDATES
OTHER REGIONAL
CAIRNS REGIONAL $280 942 $265 886
4865 GOLDSBOROUGH $230 5 N.A. 0
4868 BAYVIEW HEIGHTS $250 73 $240 78
4869 BENTLEY PARK $215 14 $210 8
4870 AEROGLEN $270 538 $260 499
4873 BAILEY CREEK $187 17 $195 12
4877 CRAIGLIE $270 50 $280 83
4878 BARRON $270 91 $260 81
4879 BUCHAN POINT $300 154 $290 125
CASSOWARY COAST REGIONAL $220 89 $200 95
4849 CARDWELL $240 13 $260 6
4852 BINGIL BAY $250 28 $250 24
4854 BILYANA $250 6 $135 24
4860 BAMBOO CREEK $195 41 $195 37
TABLELANDS REGIONAL $230 69 $220 65
4880 ARRIGA $225 25 $210 19
4883 ATHERTON $230 32 $220 32
CAIRNS REGIONAL $250 114 $240 116
4868 BAYVIEW HEIGHTS $250 15 $250 16
4869 BENTLEY PARK $230 7 $220 13
4870 AEROGLEN $260 46 $250 46
4877 CRAIGLIE $290 11 $250 6
4878 BARRON $250 20 $230 20
4879 BUCHAN POINT $285 14 $265 13
CASSOWARY COAST REGIONAL $225 7 $260 8
RENTAL MARKET - 2 BED UNITSDEC-13 DEC-12
POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
RENTAL MARKET - 2 BED TOWNHOUSESDEC-13 DEC-12
POSTCODE LOCALITIESL MEDIAN/WK NEW BONDS MEDIAN/WK NEW BONDS
SALES MARKET
The property market for the smaller regional areas located from Mount Isa to St George recorded steady conditions over the December quarter.
Sales activity was strong for the Murweh local government area with the town of Charleville seeing an increase in buyer activity. Located on the western outskirts of the Surat Basin and with a 45 minute direct flight to Roma, Charleville is likely to receive further attention as mining activity ramps up in the Surat Basin.
In Mount Isa, high yields continue to attract investors to the region, albeit in small numbers. The suburb of Healy recorded an increase in activity over the quarter, with some higher priced properties contributing to the increase of 7.9 per cent in the Mount Isa median house price.
Over the five years to 2013, the western regional areas of Queensland continue to record healthy median price growth, something not seen in many parts of the more populated areas of the state.
With the Surat Basin mining industry continuing to strengthen, this growth is likely to continue.
In September last year, a landmark $1.8 billion contract was signed between Thiess and QGC for the works associated with the QCLNG project in the Surat Basin.
With construction work to be completed by November this year, the contract was reportedly said to provide around 2,500 jobs from sites near Dalby and Miles as well as Chinchilla and Wandoan
RENTAL MARKET
Median weekly rents for house rentals in the mining centres of Maranoa and Mount Isa are down markedly since the December quarter 2012. Three bedroom houses recorded a fall of $50 in Maranoa and $70 in Mount Isa to $400 and $500 per week respectively.
Three bedroom townhouses in Mount Isa likewise recorded a fall of $50 to $350 per week, while Maranoa townhouses were up $30 to $310 per week.
QUEENSLAND MARKET MONITOR is a quarterly, electronic publication entirely focused on residential sales and rental research data for regions throughout the State, on a suburb-by-suburb basis. It meets the high standards for accurate data and reliable analysis that you have come to expect from the REIQ.
This detailed level of information will enable you to conduct valuable comparisons between various regions and market segments, and to ensure you are completely informed of all the latest market trends and fluctuations.
Each edition includes:
• Median sale prices for houses, units/townhouses and land;
• Median weekly rents for houses and units/townhouses;
• Gross rental yields;
• Rental vacancy rates;
• Useful charts and graphs; and
• Analytical market commentary.
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