Qmm issue13 linda-jane_debello

your state-wide property research guide - suburb by suburb

REIQ

ISSUE 13
REAL ESTATE INSTITUTE
QUEENSLAND

“Across DECEMBER QTR 2011 QUARTERLY PRICE MOVEMENTS
Queensland, STATE-WIDE SUMMARY LGA HOUSES UNITS LAND
investor and SOUTHEAST QLD
HOUSE AND UNIT MARKETS
first home buyer BRISBANE (SD) -0.6% 1.9% 0.0%
One year on from the floods and Cyclone Yasi,
BRISBANE CITY -0.2% 2.0% 5.9% * ~
activity continues the Queensland residential property market
has stabilised. IPSWICH CITY 0.0% 18.3% * t 6.2% *
to strengthen
LOGAN CITY 1.7% -0.9% 2.4%
In the December quarter, median house prices
with buyers MORETON BAY -0.3% 12.8% t 1.8%
in South East Queensland recording mostly
recognising steady results, while the strong resources REDLAND CITY 1 -0.7% 8.1% f 11.1% ~
sector is driving demand and price growth in
that prices have GOLD COAST CITY -4.0% 5.3% * -8.7% * f
Central Queensland and the Darling Downs. SUNSHINE COAST -0.6% -4.4% ~ 1.1%
plateaued in
Over the quarter, the median house price in
MAJOR REGIONS
many areas.” Brisbane recorded a negligible fall of 0.2 per TOOWOOMBA 4.0% 2.1% 10.0% *
cent to $499,000 – the lowest fall in our capital
FRASER COAST -2.2% -15.6% * f -3.7% *
city’s house price since September 2010.
BUNDABERG 0.0% -0.7% -2.8% ~
Across Queensland, investor and first home
GLADSTONE 8.6% 0.0% -0.9%
buyer activity continues to strengthen with
buyers recognising that prices have plateaued ROCKHAMPTON 1.0% -0.7% -3.3% *
in many areas. MACKAY 2.4% 17.4% ~ f 2.9%

Queensland’s mining regions were the stand- TOWNSVILLE CITY 0.6% -4.5% * -0.7%
out performers this quarter with Gladstone, CAIRNS -4.4% -1.8% -11.8% ~
Mackay, Rockhampton and Toowoomba all See page 41 for REIQ explanatory notes
posting median house price growth.
Linda-Jane Debello of
Gladstone’s median house price increased Queensland’s tourism regions may have
8.6 per cent to $478,000 over the quarter and experienced reductions in their median house
was up 15.6 per cent over the year ending prices over the December quarter, but local
December. agents are reporting more enquiries and
an increase in buyers taking advantage of
subdued prices.
Proud to be REIQ accredited

2

state-wide summary
table of contents QUEENSLAND - PRICEPOINTS
QUEENSLAND - PRICEPOINTS
Queensland market update:
QUEENSLAND HOUSE SALES
QUEENSLAND - PRICEPOINTS
State-wide summary (cont’d) 2 <$350,000
QUEENSLAND HOUSE$500,000+
$350,000+
SALES $1m+

2760 3071 $500,000+ 185
QUEENSLAND HOUSE SALES1748 $1m+
DEC 11 <$350,000 $350,000+
Regional market updates:
SEP 11
DEC 11 3093
2760
<$350,000 $350,000+ 3453 1748 2042
3071 $500,000+ 185
$1m+ 188

Brisbane City 5 JUN 11
DEC 11
SEP 2435
3093
2760 3047 3453
3071 1748 187
1828 2042
185 188
MAR 11
JUN 11
SEP 2153
2435
3093 3047 3453
3047 1923
1828 146
187
2042 188
Greater Brisbane 10
JUN 10
DEC
MAR 11 2524
2153
2435 30473491
3047 1923 2143 187 229
1828 146
Gold Coast 16
Source: REIQ, data provided by PriceFinder 3491
MAR 10
DEC 11 2524
2153 3047 1923 2143
146 229
Toowoomba 19
Source: REIQ, data2524
DEC 10 provided by PriceFinder 3491 2143 229
QUEENSLAND UNIT SALES
Sunshine Coast 21
Source: REIQ, data provided by PriceFinder
<$250,000
QUEENSLAND UNIT SALES$500,000+
$250,000+ $350,000+ $1m+
Fraser Coast 24
588
<$250,000
DEC 11 $250,000+ 955
922 $350,000+ 79
417
QUEENSLAND UNIT SALES$500,000+ $1m+
Bundaberg 26 579
SEP 11
<$250,000
DEC 11 588 $250,000+ 955 1118 417 474 76
1182
922 $350,000+ 79$500,000+ $1m+

Gladstone 28 JUN 11
DEC 11
SEP 553
579
588 999
1182
922 9551118 417 47492 76
1030 51879

Rockhampton 30 MAR 11
JUN 11
SEP 491
553
579 959
999
1182 985 1118 434 47492 76
1030 518 78

Mackay 32 JUN 10
DEC
MAR 11 606
491
553 1053
959
999 1030 434 598 92 128
1072
985 518 78

MAR 10 REIQ, data provided by PriceFinder 1072
DEC 11
Source: 606
491 1053
959 985 434 598
78 128
Townsville 34
Source: REIQ,606 provided by PriceFinder
DEC 10
data 1053 1072 598 128
Cairns 36 QUEENSLAND LAND SALES
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
Other Regional Areas 39 QUEENSLAND LAND SALES 26
DEC 11
<$250,000 1210
$250,000+ $350,000+ 227 70
$500,000+ 6 $1m+
QUEENSLAND LAND SALES
Rental Market Indicators 40 SEP 11 1173
30
237 70 11
26
<$250,000
DEC 11 $250,000+
1210 $350,000+ $500,000+ 6
227 $1m+
26 61
3026
JUN 11 9771210
1173 142 4
237 70 11
227 6
Residential rental yields 40 DEC 11
SEP
32 62 61
26 30
MAR 11
JUN 11
SEP 663 977 1173 140 8 142 4
237 11
Residential vacancy rates 40 46
32 62 25
26 61
JUN 10
DEC
MAR 11 663 9771029 140 135
8 142 54 4 5
4632 62 25
REIQ explanatory notes 41 663 1029 140
MAR 10 REIQ, data provided by PriceFinder
Source:
DEC 11 8 135 54 5
46 25
DEC 10 1029
Source: REIQ, data provided by PriceFinder 135 54 5


Please see page 41 for legend and further notes December Quarter 2011

3

state-wide summary

The Sunshine Coast appears to be turning a corner with it MEDIAN PRICES - DEC QTR 2011
recording a very small median house price fall of 0.6 per
LGA HOUSES UNITS LAND
cent this quarter, compared to a drop of 4.4 per cent over
the September quarter. SOUTHEAST QLD
BRISBANE (SD) $425,000 $376,000 $210,000
In Cairns, REIQ accredited agencies say that investors are
recognising the historically low prices that are currently BRISBANE CITY $499,000 $400,000 $279,500
available as well as a rental market that is starting to have IPSWICH CITY $300,000 $233,000 $189,000
more demand than supply. LOGAN CITY $341,000 $262,250 $210,000

The Queensland unit and townhouse market is also MORETON BAY $369,000 $327,000 $203,000
showing healthy signs of recovery with many areas across REDLAND CITY $424,000 $359,000 $80,0001
the State posting median price increases over the quarter. GOLD COAST CITY $451,000 $350,000 $276,500
Similar to the housing market, it appears that the last SUNSHINE COAST $427,500 $325,000 $237,000
quarter of 2011 possibly marked the turning point in
MAJOR REGIONS
Queensland’s unit and townhouse market.
TOOWOOMBA $286,000 $245,000 $149,500
Many regions posted their most robust price results FRASER COAST $269,000 $270,000 $130,000
this quarter since prior to the natural disasters at the
BUNDABERG $270,000 $268,000 $140,000
beginning of last year.
GLADSTONE $478,000 $341,000 $223,000
As we move into 2012, REIQ accredited agencies are
ROCKHAMPTON $315,000 $287,500 $145,000
reporting healthier levels of enquiry with first home
buyers and investors especially taking a keen interest in MACKAY $420,000 $355,000 $180,000
the more affordable unit and townhouse market. TOWNSVILLE CITY $360,000 $305,500 $158,950

According to reiq.com, there are more than 5,000 listings CAIRNS $335,000 $215,000 $150,000
for Queensland units and townhouses currently for sale
under $350,000.
The numbers of first home buyers continues to improve in SALES ACTIVITY - DEC QTR 2011
Queensland with the latest ABS figures showing they now
represent about 20 per cent of the market – the highest LGA HOUSES UNITS LAND
proportion for more than two years. SOUTHEAST QLD
BRISBANE (SD) down down up
The softening of property prices over the past two years,
as well as the relatively low interest rate environment, is BRISBANE CITY down down down
partially behind this increase in demand from first-timers. IPSWICH CITY down up up

The median unit and townhouse price in Brisbane LOGAN CITY down down steady
increased 2 per cent to an even $400,000 over the MORETON BAY down steady up
December quarter. On the Gold Coast, it increased 5.3 per REDLAND CITY down down steady
cent to $350,000 and was up 2.1 per cent to $245,000 in
GOLD COAST CITY down down down
Toowoomba.
SUNSHINE COAST down down down

MAJOR REGIONS
VACANT LAND MARKET
TOOWOOMBA up strong steady
Sales of vacant land across Queensland edged up 2 per FRASER COAST down strong steady
cent over the December quarter. Increased demand
BUNDABERG down up up
for urban land was recorded in Ipswich, Moreton Bay,
Mackay and the Whitsundays in particular. GLADSTONE down down down
ROCKHAMPTON down up up
The Queensland Building Boost is no doubt encouraging
more sales of land with about 6,000 applications currently MACKAY up down up
received by the State Government for the $10,000 grant. TOWNSVILLE CITY steady up steady
The boost has been extended to 30 April this year and CAIRNS down up steady
has the capacity to accept about the same number of
applications again given its $130 million budget before
the deadline.


4

state-wide summary

Even though there is extreme demand for property in MEDIAN WEEKLY RENTS - DEC QTR 2011
the Gladstone region, sales of land reduced over the LGA 3 BED HOUSE 2 BED FLAT 3 BED T’HSE
December quarter due to the lack of supply available. SOUTHEAST QLD
Compared to the December quarter 2010, sales of vacant BRISBANE CITY $395 - $380 - $395 -
land across Queensland are up 23 per cent. IPSWICH CITY $285 - $240 - $300 -
LOGAN CITY $320 - $260 u $330 u
RENTAL MARKET MORETON BAY $320 - $265 - $320 -

A convergence of attractive property prices, strong REDLAND CITY $360 - $285 d* $375 -
demand from tenants, and improving confidence in the GOLD COAST CITY $410 u $340 - $370 u
real estate sector is encouraging more investors into the SUNSHINE COAST $360 - $295 - $360 -
property market.

MAJOR REGIONS
There continues to be strong demand from tenants TOOWOOMBA $275 - $210 - $275 -
across Queensland with the latest REIQ residential rental
FRASER COAST $260 - $210 - $300 -
survey finding vacancy rates tightening in many areas as
at the end of December. BUNDABERG $265 - $220 u $285 -
GLADSTONE $460 u* $350 u* $480 d*
Residential Tenancy Authority (RTA) December median
rents were steady for most regions although as expected ROCKHAMPTON $325 u $250 u $380 u*
resource centres continue to record strong rental growth. MACKAY $450 u* $330 u $405 d*
TOWNSVILLE CITY $340 - $275 - $360 -
REIQ vacancy rates show Mackay overtaking Gladstone
as the region with the lowest vacancy rate across the CAIRNS $305 - $260 d $290 d
state with the resources boom continuing to attract
(-) steady (u) up (d) down * change greater than $20
families to the area.

VACANCY RATES - December 2011 GROSS RENTAL YIELDS - DEC QTR 2011
LGA 30-Dec-11 TREND LGA HOUSES UNITS
SOUTHEAST QLD SOUTHEAST QLD
BRISBANE CITY 2.3% - BRISBANE CITY 4.1% - 4.9% -
IPSWICH CITY 3.0% - IPSWICH CITY 4.9% - 5.4% -
LOGAN CITY 2.5% u* LOGAN CITY 4.9% - 5.2% u
MORETON BAY 2.7% d MORETON BAY 4.5% - 4.2% -
REDLAND CITY 2.6% u REDLAND CITY 4.4% - 4.1% -
GOLD COAST CITY 4.2% d GOLD COAST CITY 4.7% - 5.1% -
SUNSHINE COAST 3.2% d* SUNSHINE COAST 4.4% - 4.7% u

MAJOR REGIONS
MAJOR REGIONS
TOOWOOMBA 2.1% u TOOWOOMBA 5.0% u 4.5% -
FRASER COAST 3.8% d* FRASER COAST 5.0% - 4.0% -
BUNDABERG 3.7% u* BUNDABERG 5.1% u 4.3% u
GLADSTONE 1.5% u* GLADSTONE 5.0% u 5.3% u*
ROCKHAMPTON 0.9% d ROCKHAMPTON 5.4% - 4.5% d
MACKAY 0.7% d MACKAY 5.6% u* 4.8% -
TOWNSVILLE CITY 2.3% - TOWNSVILLE CITY 4.9% u 4.7% -
CAIRNS 2.8% d CAIRNS 4.7% - 6.3% u

(-) steady (u) up (d) down * change greater than 0.5pts (-) steady (u) up (d) down * change greater than 0.5pts


5

BRISBANE CITY
HOUSE AND UNIT MARKETS
Over the December quarter, the Brisbane property market BRISBANE CITY HOUSE SALES
experienced its smallest decline in median house price in <$350,000 $350,000+ $500,000+ $1m+
18 months. DEC 11 185 788 858 111 DEC 11

Brisbane recorded a negligible fall of 0.2 per cent to SEP 11 196 882 1013 96 SEP 11

$499,000, pushing our capital city’s median price below JUN 11 165 738 949 91 JUN 11
the psychological barrier of $500,000 and reinforcing our
MAR 11 118 697 910 83 MAR 11
affordability compared to Sydney and Melbourne.
DEC 10 121 799 1064 147 DEC 10
The Brisbane property market began to shows signs of
recovery over the quarter with local agents reporting
increasing confidence amongst buyers and more people
through open homes. This can partly be attributable to BRISBANE SURROUNDS' HOUSE SALES
the interest rate reductions of November and December <$350,000 $350,000+ $500,000+ $1m+
last year which is expected to underpin the market in the DEC 11 754
BRISBANE CITY UNIT SALES
709 185 7 DEC 11
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
first three months of this year. SEP 11 891 788 246 12 SEP 11
DEC 11 35 239 477 201 21 DEC 11
Annerley – located about 5km from the CBD – posted a JUN 11 686 761 237 7 JUN 11
median house price increase of 9.4 per cent to $552,500 SEP 11 49 331 614 230 24 SEP 11
MAR 11 586 779 244 6 MAR 11
over the quarter. Annerley's close proximity to the city JUN 11 48 268 512 201 33 JUN 11
DEC 10 718 885 291 20
and its elevated position has attracted many investors MAR 11 37 220 478 174 13
DEC 10
MAR 11
and owner-occupiers in recent times. INCLUDES REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
DEC 10 34 260 511 239 46 DEC 10
Buyers keen to renovate are attracted to the suburb by GOLD COAST HOUSE SALES
its mix of dwelling types including post-war cottages
<$350,000 $350,000+ $500,000+ $1m+
and Queenslanders as well as 1970s blocks of flats and
modern units. DEC 11 BRISBANE SURROUNDS' UNIT SALES
77 329 226 51 DEC 11
<$250,000 $250,000+ $350,000+ $500,000+ $1m+
Bald Hills - located about 19km north of the Brisbane SEP 11 76 399 264 53 SEP 11
DEC 11 78 BRISBANE CITY 75
130 LAND16 0 SALES DEC 11
CBD – recorded median house price growth of 9.2 per JUN 11 68
<$250,000 346
$250,000+ 243
$350,000+ 56 $500,000+ JUN 11
cent to $355,000 over the period. As an older suburb, SEP 11 101 159 54 19 2 SEP 11
DEC 1111 31
MAR 25 371
66 350 20 36 9 DEC
MAR 11
housing in Bald Hills centres on its railway station and JUN 11 81 155 61 23 2 JUN 11
is made up mostly of single-detached houses. Affordable SEP 1110 52
DEC
MAR 11
20
71
376
143
51 318
58 14
37
22 12 SEP
DEC 10
MAR 11
housing and access to amenities have made Bald Hills a
DEC 10 28 98 32 172 25 8
JUN 11 JUN
79 31 4 DEC 10
consistent performer in terms of price growth.
INCLUDES 21 28 8 6
MAR 11 REDLAND, LOGAN, IPSWICH & MORETON BAY REGIONAL
MAR
Another solid performer was Morningside which posted SUNSHINE COAST7HOUSE SALES
DEC 10 14 27 26 DEC
median house price growth of 8.6 per cent to $570,000. GOLD$350,000+ UNIT SALES $1m+
<$350,000 COAST $500,000+
Located about 8km drive east of the city, Morningside <$250,000 $250,000+ $350,000+ $500,000+ $1m+
DEC 11 81 258 132 25 DEC 11
residents enjoy this close proximity to the CBD while
DEC 11 105 242 188 119 45
taking advantage of the community atmosphere the BRISBANE
SURROUNDS' LAND168
SALES 22 DEC 11
RENTAL MARKET 32598
SEP 11 SEP 11

suburb affords. SEP<$250,000
JUN 11
11
61
140 349$250,000+
259
$350,000+
231
167 24
$500,000+
146 34 SEP 11
JUN 11
The REIQ 345
DECJUN 11 residential vacancy rates remained steady for
11 56174 3 38
14
In a sign of an improving market, the median unit and 131 312 270 DEC
JUN 11
the MAR 11 55 City local government area as at the end of
Brisbane 269 154 20 MAR 11
townhouse price in Brisbane increased 2 per cent to MAR 11 278
SEP 11 49 14 134
6
December. Although 307
DEC 10 49
82 307 there was a mix178 slightly tighter
267 of 15
33 SEP
MAR 11
DEC 10
$400,000 over the quarter.
conditions for 291
JUN 11
DEC 10
313 the outer suburbs while the18 4
116 269
40 inner suburbs
178 61 JUN
DEC 10
A solid performer was South Brisbane, which posted eased11 216 the end of September. 5
MAR since 47 9 MAR
median price growth of 5.5 per cent to $472,500.
Agents from REIQ accredited agencies 8 4
DEC 10 271 57 report vacancy DEC
SUNSHINE COAST UNIT SALES
periods averaging about BAY REGIONAL two weeks, with up to five
Includes REDLAND, LOGAN, IPSWICH & MORETON
one to
VACANT LAND MARKET applicants per listing. $250,000+ $350,000+ vacancy rate$1m+
<$250,000 The Brisbane LGA $500,000+ was
2.3 per cent, while inner Brisbane recorded 1.9 per cent.
The median price of vacant urban land in Brisbane DEC 11 47 GOLD COAST LAND SALES
119 78 42 10 DEC 1
A vacancy rate of 3 per cent is generally considered to be
increased 5.9 per cent to $279,500 however only 126 <$250,000 131 $250,000+ 102 $350,000+ 11 $500,000+
the equilibrium point of demand and supply.
SEP 11 55 52 SEP 1
preliminary sales were recorded over the period. The
DEC JUN 11 39 41
11 44 96 63 1214 15 DEC
numbers of land sales was steady over the quarter but The median rent for a two-bedroom unit increased $15 to
114 JUN 1

were up over the year. $380 MAR 11week between December 2010 and December
SEPper 42 62
11 118 62 97 64 22 15 10 SEP
MAR 1
last year. The median rent for a three-bedroom house
The most popular Brisbane suburb for land sales was JUNDEC 10 43 58
11 125 18 10211 7 84 15 JUN
DEC 1
increased also increased $15 to $395 over the same
Fitzgibbon which recorded a median sale price of
period. 17
MAR 11 20 3 15 MAR
$219,750 however this was impacted by government sales
DEC 10 19 71 9 DEC
over the period.

SUNSHINE COAST LAND SALES

6

BRISBANE CITY
MEDIAN SALES DATA MEDIAN SALES DATA
Suburb/ Number of Dec change 12 mths to change change Suburb/ Number of Dec change 12 mths to change change
Locality Sales Dec Qtr over the end of over over Locality Sales Dec Qtr over the end of over over
Qtr 2011 2011 qtr Dec 2011 1yr 5yrs Qtr 2011 2011 qtr Dec 2011 1yr 5yrs

HOUSES HOUSES continued
BRISBANE CITY (LGA) 1,942 $499,000 -0.2% $512,000 -5.2% 33.0% FOREST LAKE 66 $363,500 -5.3% $385,000 -3.8% 25.7%

BRISBANE CITY (LGA) ^ ~ 46 $937,500 -6.7% $958,812 -12.8% 18.4% GEEBUNG ~ 15 $400,000 1.3% $399,000 -12.3% 25.1%

ACACIA RIDGE 15 $310,000 N/A $313,000 -6.1% 24.1% GORDON PARK 4 N/A N/A $607,000 3.8% 30.5%

ALDERLEY ~ 12 $510,000 -16.4% $622,500 0.8% 33.9% GRACEVILLE 8 N/A N/A $655,000 -8.9% 43.2%

ALGESTER 22 $400,000 2.4% $400,500 -5.3% 26.7% GRANGE 14 $705,000 N/A $670,000 3.1% 37.4%

ANNERLEY 28 $552,500 9.4% $550,000 -8.3% 32.5% GREENSLOPES ~ 14 $638,500 14.4% $567,500 -4.0% 29.0%

ASCOT ~ 12 $900,000 -33.8% $940,000 -26.6% 10.6% HAMILTON ~ 6 N/A N/A $1,017,000 -14.5% 7.1%

ASHGROVE ~ 23 $612,500 -15.5% $663,750 -4.5% 34.0% HAWTHORNE 19 $892,000 N/A $802,500 -4.1% 28.1%

ASPLEY 27 $495,000 4.2% $473,500 1.8% 32.3% HEMMANT 4 N/A N/A $400,000 -7.0% 25.0%

AUCHENFLOWER ~ 12 $835,000 N/A $820,000 8.6% 47.6% HENDRA ~ 19 $810,000 15.7% $797,000 -0.4% 46.2%

BALD HILLS 13 $355,000 9.2% $365,000 -6.4% 31.3% HIGHGATE HILL 3 N/A N/A $800,000 -1.7% 42.9%

BALMORAL ~ 12 $751,250 11.7% $703,000 -12.1% 21.7% HOLLAND PARK ~ 21 $457,500 -10.3% $500,563 -8.6% 29.9%

BANYO ~ 10 $388,500 -12.7% $407,000 -5.3% 29.2% HOLLAND PARK WEST 7 N/A N/A $540,000 -1.8% 47.1%

BARDON 23 $745,000 -0.1% $735,000 -5.0% 36.1% INALA 19 $280,000 -0.5% $285,000 -3.4% 39.0%

BELLBOWRIE 7 N/A N/A $470,000 -0.5% 30.6% INDOOROOPILLY 24 $670,000 -8.8% $699,500 -2.2% 21.7%

BELMONT 9 N/A N/A $558,500 -8.4% 41.0% JAMBOREE HEIGHTS 4 N/A N/A $399,000 -7.6% 24.2%

BOONDALL 14 $393,500 -0.6% $400,000 -5.9% 25.0% JINDALEE 14 $479,500 N/A $485,000 -3.0% 34.3%

BRACKEN RIDGE 37 $375,000 -6.3% $399,294 -4.5% 26.8% KARANA DOWNS ^ ~ 3 N/A N/A $449,000 -11.1% 18.9%

BRIDGEMAN DOWNS ~ 11 $585,000 -12.4% $672,500 1.1% 25.7% KEDRON ~ 11 $479,500 -13.8% $545,000 -0.6% 48.3%

BRIGHTON 19 $378,500 -2.9% $395,000 -3.7% 30.8% KELVIN GROVE 2 N/A N/A $615,000 -2.9% 36.7%

BULIMBA 8 N/A N/A $910,000 4.0% 23.8% KENMORE 25 $455,000 -6.4% $506,500 -9.6% 25.8%

CALAMVALE 35 $485,000 6.2% $486,000 -6.5% 28.1% KEPERRA 19 $390,000 -8.9% $430,000 -1.6% 40.1%

CAMP HILL ~ 28 $612,500 4.3% $601,750 -10.2% 38.1% KURABY ~ 15 $495,000 -11.6% $530,500 -1.0% 22.8%

CANNON HILL 9 N/A N/A $561,000 -1.6% 47.2% LOTA 7 N/A N/A $490,000 3.8% 30.7%

CARINA 19 $450,000 -8.5% $480,000 -7.7% 34.8% MACGREGOR 12 $508,000 -7.6% $540,000 0.0% 38.6%

CARINA HEIGHTS 12 $425,000 N/A $467,500 -9.8% 18.5% MANLY ~ 3 N/A N/A $559,000 -20.1% 13.0%

CARINDALE ~ 16 $569,000 -12.5% $676,000 -3.1% 27.9% MANLY WEST 18 $460,000 0.0% $470,000 -6.0% 28.8%

CARSELDINE ~ 10 $503,500 3.8% $507,750 -6.1% 33.2% MANSFIELD 16 $455,000 1.1% $473,000 -7.3% 26.1%

CHAPEL HILL ~ 26 $620,000 15.9% $622,500 -8.5% 23.4% MCDOWALL ~ 11 $490,000 -16.1% $555,000 -3.7% 31.2%

CHELMER ~ 8 N/A N/A $650,750 -21.6% -2.9% MIDDLE PARK 10 $428,750 N/A $516,500 -4.4% 34.9%

CHERMSIDE 7 N/A N/A $456,000 -1.9% 28.5% MITCHELTON 22 $493,500 0.7% $502,500 -7.3% 37.3%

CHERMSIDE WEST 15 $432,000 -4.0% $450,000 -3.2% 28.6% MOGGILL 8 N/A N/A $464,500 -3.9% 23.9%

CLAYFIELD ~ 14 $950,000 N/A $905,500 -3.2% 32.2% MOOROOKA 23 $461,000 1.3% $463,000 -7.4% 32.6%

COOPERS PLAINS 5 N/A N/A $425,000 -3.5% 37.1% MORNINGSIDE 22 $570,000 8.6% $570,000 -7.9% 34.1%

COORPAROO ~ 25 $720,000 24.1% $640,000 -4.5% 39.1% MOUNT GRAVATT 8 N/A N/A $480,000 -2.4% 33.8%

CORINDA ~ 16 $617,000 N/A $606,500 2.8% 49.0% MOUNT GRAVATT EAST 14 $455,250 -0.4% $464,000 -4.3% 32.6%

DARRA 9 N/A N/A $352,750 -0.6% 48.5% MURARRIE 5 N/A N/A $477,500 -3.5% 30.8%

DEAGON ~ 16 $325,000 -9.7% $350,000 -18.6% 30.6% NEW FARM ~ 13 $1,170,000 N/A $1,240,000 21.0% 41.3%

DOOLANDELLA * ~ 15 $373,000 10.5% $380,000 -11.8% 44.5% NEWMARKET ~ 5 N/A N/A $615,000 -14.0% 33.4%

DREWVALE 9 N/A N/A $464,000 -4.8% 27.1% NORMAN PARK 14 $650,000 4.2% $656,500 -5.9% 42.7%

DURACK ~ 7 N/A N/A $333,000 -11.1% 33.2% NORTHGATE ~ 10 $431,500 -22.9% $470,000 1.6% 38.1%

EAST BRISBANE ~ 11 $680,000 17.2% $621,000 -10.0% 35.0% NUDGEE ~ 6 N/A N/A $510,000 7.4% 67.2%

EIGHT MILE PLAINS ~ 24 $585,944 11.6% $563,500 -7.6% 34.2% NUNDAH 12 $433,750 -8.8% $533,000 -8.9% 29.4%

ENOGGERA ~ 17 $480,000 -16.6% $535,000 -8.7% 25.9% OXLEY 20 $421,750 -0.8% $430,000 -4.9% 29.2%

EVERTON PARK 15 $455,000 -5.1% $480,000 -4.4% 40.8% PADDINGTON 15 $685,000 -7.7% $813,750 0.5% 50.7%

FAIRFIELD 6 N/A N/A $554,000 -5.3% 20.7% PARKINSON 24 $493,750 5.6% $495,000 -6.1% 30.8%

FERNY GROVE 12 $490,000 1.6% $475,000 -5.0% 27.3% PULLENVALE ^ ~ 6 $1,180,000 N/A $1,050,000 -5.6% 23.5%

FIG TREE POCKET 6 N/A N/A $742,500 -5.4% 36.9% RED HILL 15 $610,000 -0.8% $677,500 -0.9% 38.5%

FITZGIBBON 10 $394,000 -2.7% $397,000 -7.0% 15.7% RIVERHILLS 11 $406,000 N/A $406,500 -7.5% 27.0%


7

BRISBANE CITY
MEDIAN SALES DATA MEDIAN SALES DATA
Suburb/ Number of Dec change 12 mths to change change Suburb/ Number of Dec change 12 mths to change change
Locality Sales Dec Qtr over the end of over over Locality Sales Dec Qtr over the end of over over
Qtr 2011 2011 qtr Dec 2011 1yr 5yrs Qtr 2011 2011 qtr Dec 2011 1yr 5yrs

HOUSES continued UNITS & TOWNHOUSES continued
ROBERTSON 4 N/A N/A $645,000 -5.8% 15.4% BULIMBA 9 N/A N/A $510,000 0.1% 15.9%

ROCKLEA ~ 12 $279,086 18.3% $279,543 -22.3% 6.1% CALAMVALE * t 15 $366,000 -2.1% $372,000 4.8% 24.4%

RUNCORN 16 $411,500 -5.4% $427,500 -1.7% 35.4% CARINA * 13 $415,000 6.4% $405,000 -5.8% 13.1%

SALISBURY 8 N/A N/A $422,500 -7.1% 28.8% CARINA HEIGHTS * t 9 N/A N/A $420,000 -9.2% 15.9%

SANDGATE 13 $499,000 -5.0% $528,250 1.2% 41.8% CARINDALE * 6 N/A N/A $460,000 -9.2% 47.2%

SEVEN HILLS 6 N/A N/A $592,000 -3.0% 36.1% CARSELDINE * t 7 N/A N/A $387,500 N/A 47.3%

SEVENTEEN MILE ROCKS ~ 4 N/A N/A $611,250 11.0% 23.2% CHERMSIDE * 16 $395,000 -6.4% $431,000 1.1% 34.3%

SHERWOOD 6 N/A N/A $730,000 -0.5% 34.7% CLAYFIELD 22 $366,250 0.1% $359,000 -0.3% 34.3%

SINNAMON PARK ~ 11 $534,000 -17.9% $585,000 -5.8% 31.6% COORPAROO 25 $376,000 4.4% $365,000 -3.9% 37.3%

ST LUCIA ~ 8 N/A N/A $1,023,000 -4.2% 53.8% DOOLANDELLA * t 2 N/A N/A $346,000 2.8% N/A

STAFFORD 9 N/A N/A $454,300 -7.1% 35.2% EAST BRISBANE * 10 $393,000 -18.1% $415,500 -5.6% 43.3%

STAFFORD HEIGHTS ~ 13 $430,000 -12.2% $445,000 -4.6% 26.4% EIGHT MILE PLAINS * 13 $335,000 -9.5% $370,000 -1.9% 45.1%

STRETTON 10 $662,500 N/A $675,000 7.6% 44.7% EVERTON PARK ~ * 11 $369,000 21.3% $349,813 -11.4% 36.9%

SUNNYBANK 14 $469,000 0.9% $499,000 -5.8% 29.3% FORTITUDE VALLEY 31 $420,000 6.3% $385,000 -3.8% 16.7%

SUNNYBANK HILLS 37 $485,000 4.6% $480,000 -4.0% 34.1% GORDON PARK * 12 $370,000 N/A $385,000 8.8% 34.7%

TAIGUM 2 N/A N/A $421,500 -7.0% 22.4% GREENSLOPES 9 N/A N/A $345,000 -6.8% 35.3%

TARINGA ~ 8 N/A N/A $665,000 -11.3% 9.9% HAMILTON * f 11 $415,000 -1.2% $427,500 -14.5% 14.0%

TARRAGINDI 32 $520,084 -4.5% $557,500 -5.3% 40.6% HAWTHORNE * 7 N/A N/A $435,000 2.3% 25.7%

THE GAP 40 $530,500 0.1% $539,000 -3.8% 31.5% HIGHGATE HILL 8 N/A N/A $441,000 -3.3% 19.2%

TINGALPA 18 $422,500 4.3% $422,500 -2.2% 30.0% HOLLAND PARK WEST 4 N/A N/A $385,000 7.2% 35.1%

TOOWONG 14 $662,500 2.6% $665,000 -6.7% 36.0% INDOOROOPILLY ~ 14 $487,000 6.2% $445,000 -4.3% 27.5%

UPPER KEDRON 3 N/A N/A $545,000 0.9% 26.7% KANGAROO POINT ~ f 30 $535,000 34.1% $450,000 -10.9% 13.2%

UPPER MOUNT GRAVATT ~ 14 $471,250 -14.3% $488,750 4.7% 48.1% KEDRON 10 $382,500 N/A $358,750 5.3% 38.0%

VIRGINIA 7 N/A N/A $449,500 -0.7% 40.5% KELVIN GROVE * 21 $487,000 8.2% $437,750 5.5% 28.0%

WAKERLEY 23 $575,000 -8.7% $630,000 0.0% 44.7% MOOROOKA * t 6 N/A N/A $390,000 -7.1% 62.4%

WAVELL HEIGHTS ~ 33 $477,500 -11.1% $537,500 -0.5% 45.3% MORNINGSIDE 15 $430,000 2.4% $425,000 -5.6% 22.4%

WEST END ~ 6 N/A N/A $710,000 -12.3% 31.5% MOUNT GRAVATT EAST 9 N/A N/A $395,000 2.8% 38.1%

WESTLAKE ~ 12 $621,000 -16.6% $570,000 -9.6% 25.3% NEW FARM f 29 $450,000 -16.7% $500,000 -4.8% 31.6%

WILSTON ~ 11 $715,000 N/A $718,250 -16.7% 26.7% NEWMARKET ~ 7 N/A N/A $370,000 -13.3% 18.6%

WINDSOR ~ 12 $538,750 N/A $606,000 -11.7% 28.9% NEWSTEAD ~ * f 14 $528,500 N/A $650,000 28.7% 35.4%

WISHART ~ 12 $573,000 10.4% $546,500 -2.2% 44.6% NORMAN PARK 9 N/A N/A $370,000 2.8% 37.3%

WOOLLOONGABBA 6 N/A N/A $620,000 -7.3% 40.3% NUNDAH ~ * 27 $365,000 9.6% $365,000 -1.1% 30.4%

WOOLOOWIN ~ 8 N/A N/A $675,000 -6.9% 31.7% PADDINGTON ~ 12 $425,000 -6.5% $440,000 4.8% 25.7%

WYNNUM ~ 33 $420,000 -9.2% $477,500 -10.1% 22.4% RED HILL 7 N/A N/A $427,500 N/A 37.3%

WYNNUM WEST ~ 23 $365,000 -11.0% $415,000 -5.7% 23.9% RICHLANDS * t 11 $351,000 4.2% $348,500 1.9% 31.5%

YERONGA 6 N/A N/A $602,500 -9.4% 18.1% RUNCORN 13 $301,888 -1.0% $320,000 -4.2% 42.2%

ZILLMERE 12 $367,500 3.5% $367,500 -9.0% 28.9% SALISBURY * t 3 N/A N/A $389,000 N/A 5.4%

SHERWOOD * 3 N/A N/A $372,500 -10.5% 10.2%
UNITS & TOWNHOUSES SOUTH BRISBANE 10 $472,500 5.5% $444,000 -0.2% 15.3%

BRISBANE CITY (LGA) 973 $400,000 2.0% $395,000 -2.9% 23.4% SPRING HILL ~ 24 $350,000 -13.2% $393,000 0.8% 39.0%

ALDERLEY 9 N/A N/A $394,500 10.5% 23.7% ST LUCIA ~ * 25 $399,500 -12.2% $425,000 -3.4% 19.7%

ANNERLEY * t 22 $427,500 -4.5% $397,500 8.0% 59.0% STAFFORD * t 10 $357,500 N/A $360,000 -7.1% 53.2%

ASCOT 6 N/A N/A $406,500 0.9% 36.9% SUNNYBANK * t 20 $382,500 N/A $382,500 N/A 43.3%

ASHGROVE * t 13 $405,000 -7.1% $410,000 3.8% 13.9% SUNNYBANK HILLS t 5 N/A N/A $373,000 0.7% 59.4%

ASPLEY ~ 4 N/A N/A $335,000 -10.7% 21.2% TAIGUM 7 N/A N/A $325,000 -7.3% 28.2%

AUCHENFLOWER 7 N/A N/A $430,000 0.0% 31.1% TARINGA ~ 25 $390,000 -11.9% $390,000 -8.6% 24.6%

BALMORAL ~ 5 N/A N/A $431,500 -13.7% 21.5% TENERIFFE ~ f 20 $505,000 -1.9% $512,500 -6.8% 25.0%

BOWEN HILLS * 11 $412,000 N/A $405,000 -3.6% 12.5% THE GAP * t 5 N/A N/A $460,000 N/A 58.9%

BRISBANE CITY * 76 $445,000 -4.3% $445,500 -3.2% 4.1% TOOWONG 21 $432,000 0.7% $413,000 -5.2% 29.3%


8

BRISBANE CITY
MEDIAN SALES DATA MEDIAN WEEKLY RENTS
Suburb/ Number of Dec change 12 mths to change change Example Dec Qtr 2011 Dec Qtr 2010

Postcode
Locality Sales Dec Qtr over the end of over over Suburb Rent New Rent New
Qtr 2011 2011 qtr Dec 2011 1yr 5yrs ($) Bonds ($) Bonds

UNITS & TOWNHOUSES continued 3 BEDROOM HOUSES continued
WAKERLEY 1 N/A N/A $401,000 -5.6% 19.7% 4012 NUNDAH 395 66 380 77

WEST END ~ * 20 $550,000 14.3% $483,550 -8.8% 10.1% 4030 LUTWYCHE 450 52 450 42

WINDSOR 5 N/A N/A $370,000 1.1% 45.1% 4031 GORDON PARK 400 45 380 53

WISHART 3 N/A N/A $350,000 -3.0% 25.0% 4051 ALDERLEY 430 77 395 72

WOOLLOONGABBA 7 N/A N/A $450,500 8.2% 39.0% NORTH - OUTER 375 353 360 350

WYNNUM 4 N/A N/A $370,000 -5.1% 23.0% 4013 NORTHGATE 395 17 340 21

YEERONGPILLY g 3 N/A N/A $416,100 N/A 33.8% 4014 VIRGINIA 390 35 360 35

YERONGA 9 N/A N/A $392,000 -6.7% 14.5% 4017 BRACKEN RIDGE 375 113 360 99

ZILLMERE 8 N/A N/A $374,250 1.1% 46.8% 4018 FITZGIBBON 375 16 370 19

4032 CHERMSIDE 380 43 360 49

VACANT URBAN LAND 4034 ASPLEY 375 116 350 105

BRISBANE CITY (LGA) * ~ 126 $279,500 5.9% $275,000 -11.9% 17.0% 4036 HILLS
BALD 325 13 350 22

BRISBANE CITY (LGA) ^ ~ 7 N/A N/A $640,000 -3.2% -24.7% NORTH WEST - INNER 500 92 460 85

BRIDGEMAN DOWNS * 6 $321,750 N/A N/A N/A N/A 4059 GROVE
KELVIN 510 37 460 39

CALAMVALE * 3 N/A N/A $302,500 -12.3% 40.7% 4060 ASHGROVE 480 35 430 23

CARSELDINE * 8 $337,500 N/A N/A N/A N/A 4065 BARDON 500 20 460 23

DOOLANDELLA ~ * 8 $200,000 -11.1% $233,750 0.5% 41.7% NORTH WEST - OUTER 385 223 360 229

DREWVALE * 9 $252,000 0.0% $259,500 N/A 28.5% 4053 STAFFORD 380 151 360 148

DURACK * 5 $230,000 -1.9% $234,500 11.7% N/A 4054 ARANA HILLS 380 45 360 52

FITZGIBBON ~ * G
13 $219,720 30.8% $184,950 -17.8% 8.2% 4061 GAP
THE 430 27 400 29

HEATHWOOD * 1 N/A N/A $265,000 10.9% N/A SOUTH - INNER 400 377 380 335

MOGGILL * 3 N/A N/A $255,000 N/A 36.7% 4103 ANNERLEY 425 40 400 40

RIVERHILLS * 10 $262,000 N/A N/A N/A N/A 4104 YERONGA 390 20 420 16

ROCHEDALE * 7 $320,000 N/A N/A N/A N/A 4105 MOOROOKA 385 53 360 37

WAKERLEY * 5 $300,000 N/A $330,000 -4.7% 34.7% 4120 GREENSLOPES 440 32 400 24

4121 HOLLAND PARK 400 94 380 73

4122 MANSFIELD 390 137 370 145
MEDIAN WEEKLY RENTS SOUTH - OUTER 360 278 350 307
Example Dec Qtr 2011 Dec Qtr 2010
Postcode

4106 ROCKLEA 350 15 350 13
Suburb Rent New Rent New
($) Bonds ($) Bonds 4107 SALISBURY 370 27 360 23

3 BEDROOM HOUSES 4108 COOPERS PLAINS 360 16 330 19

BRISBANE CITY 395 2837 380 2787 4109 MACGREGOR 360 83 360 93

BAYSIDE 380 145 370 151 4110 ACACIA RIDGE 320 40 320 42

4178 WYNNUM 380 90 370 90 4112 KURABY 365 12 320 20

4179 MANLY 400 55 375 61 4113 EIGHT MILE PLAINS 385 43 350 68

CITY INNER 495 248 470 234 4115 ALGESTER 370 26 360 13

4000 BRISBANE CITY 580 17 495 24 4116 CALAMVALE 390 16 370 16

4005 FARM
NEW 750 21 540 17 SOUTH EAST - INNER 440 296 420 293

4006 HILLS
BOWEN 480 9 470 9 4151 COORPAROO 430 33 425 46

4064 PADDINGTON 500 54 450 45 4152 CAMP HILL 420 113 400 108

4066 TOOWONG 465 46 460 39 4170 CANNON HILL 440 96 420 94

4067 LUCIA
ST 430 13 465 10 4171 BALMORAL 500 47 470 34

4101 END
WEST 550 29 500 35 4172 MURARRIE 390 7 400 11

4102 WOOLOONGABBA 470 23 420 24 SOUTH EAST - OUTER 380 36 395 49

4169 BRISBANE
EAST 460 36 440 31 4153 BELMONT 415 5 395 9

NORTH - INNER 430 308 400 323 4173 TINGALPA 370 15 365 17

4007 ASCOT 520 19 510 25 4174 HEMANT 380 10 355 10

4010 ALBION 400 10 420 15 SOUTH WEST - INNER 420 138 400 106

4011 CLAYFIELD 450 37 450 37 4068 CHELMER 460 53 430 37


9

BRISBANE CITY
MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS
Example Dec Qtr 2011 Dec Qtr 2010 Example Dec Qtr 2011 Dec Qtr 2010
Postcode

Postcode
Suburb Rent New Rent New Suburb Rent New Rent New
($) Bonds ($) Bonds ($) Bonds ($) Bonds

3 BEDROOM HOUSES continued 2 BEDROOM UNITS continued
4075 CORINDA 400 85 390 69 4121 HOLLAND PARK 340 32 330 32

SOUTH WEST - OUTER 350 343 345 325 4122 MANSFIELD 380 64 340 81

4069 BROOKFIELD 430 47 410 50 SOUTH - OUTER 300 49 300 40

4070 ANSTEAD 400 14 310 6 4107 SALISBURY 292 11 n.a. 1

4073 SEVENTEEN MILE ROCKS 380 17 390 15 4109 MACGREGOR 380 23 375 23

4074 JINDALEE 370 61 360 67 4115 ALGESTER 285 5 n.a. 4

4076 DARRA 320 27 325 19 SOUTH EAST - INNER 350 348 340 326

4077 DOOLANDELLA 300 72 300 65 4151 COORPAROO 340 132 330 142

4078 FOREST LAKE 345 105 335 103 4152 HILL
CAMP 350 31 340 35

4170 CANNON HILL 350 95 350 78

2 BEDROOM UNITS 4171 BALMORAL 400 88 395 71

BRISBANE CITY 380 3718 365 3824 SOUTH EAST - OUTER 290 7 300 11

BAYSIDE 300 46 300 52 4173 TINGALPA 290 7 290 9

4178 WYNNUM 300 32 305 39 SOUTH WEST - INNER 375 231 360 197

4179 MANLY 300 14 300 13 4068 CHELMER 380 190 365 159

CITY INNER 470 1531 450 1603 4075 CORINDA 320 41 320 38

4000 BRISBANE CITY 560 288 575 322 SOUTH WEST - OUTER 320 25 250 29

4005 FARM
NEW 480 236 440 254 4076 DARRA 230 7 153 14

4006 BOWEN HILLS 470 216 455 250 4078 FOREST LAKE 340 11 330 8

4064 PADDINGTON 380 47 380 49

4066 TOOWONG 390 181 360 182 3 BEDROOM TOWNHOUSES
4067 LUCIA
ST 400 97 380 77 BRISBANE CITY 395 1424 385 1376

4101 WEST END 500 258 470 254 BAYSIDE 380 82 370 66

4102 WOOLOONGABBA 400 39 380 29 4178 WYNNUM 380 40 370 39

4169 BRISBANE
EAST 455 168 435 186 4179 MANLY 395 42 370 27

NORTH - INNER 345 714 325 772 CITY INNER 560 46 550 50

4007 ASCOT 385 118 350 106 4005 FARM
NEW 980 7 620 8

4010 ALBION 360 25 350 31 4006 HILLS
BOWEN 490 8 420 5

4011 CLAYFIELD 340 133 325 161 4064 PADDINGTON 560 6 n.a. 4

4012 NUNDAH 350 142 335 140 4066 TOOWONG 610 6 500 7

4030 LUTWYCHE 320 102 310 118 4067 ST LUCIA 550 5 500 7

4031 GORDON PARK 330 72 315 80 4101 WEST END 620 7 585 10

4051 ALDERLEY 340 122 320 136 NORTH - INNER 450 116 450 110

NORTH - OUTER 340 217 325 234 4007 ASCOT 630 14 575 15

4013 NORTHGATE 330 19 300 25 4011 CLAYFIELD 495 12 510 13

4017 BRACKEN RIDGE 285 17 315 27 4012 NUNDAH 420 27 430 22

4032 CHERMSIDE 390 113 350 106 4030 LUTWYCHE 510 17 430 18

4034 ASPLEY 330 61 330 54 4031 GORDON PARK 420 14 385 16

NORTH WEST - INNER 380 139 350 99 4051 ALDERLEY 430 32 450 23

4059 GROVE
KELVIN 385 96 350 58

4060 ASHGROVE 340 35 350 38

4065 BARDON 300 8 n.a. 3 NB Median rents are collated by POSTCODE and are
NORTH WEST - OUTER 330 54 310 61
based upon new bonds lodged for the quarter. The suburb
4053 STAFFORD 330 52 310 60
listed is an example of one of the suburbs found within
SOUTH - INNER 340 357 320 400
that postcode.
4103 ANNERLEY 330 90 310 95

4104 YERONGA 350 33 310 36

4105 MOOROOKA 310 51 320 57

4120 GREENSLOPES 330 84 320 94


10

BRISBANE CITY
MEDIAN WEEKLY RENTS MEDIAN WEEKLY RENTS
Example Dec Qtr 2011 Dec Qtr 2010 Example Dec Qtr 2011 Dec Qtr 2010
Postcode

Postcode
Suburb Rent New Rent New Suburb Rent New Rent New
($) Bonds ($) Bonds ($) Bonds ($) Bonds

3 BEDROOM TOWNHOUSES 3 BEDROOM TOWNHOUSES continued
NORTH - OUTER 380 144 360 178 SOUTH - OUTER 380 332 370 326

4013 NORTHGATE 430 5 420 9 4107 SALISBURY 475 6 470 8

4017 BRACKEN RIDGE 360 39 350 72 4109 MACGREGOR 400 46 390 53

4018 FITZGIBBON 345 23 360 23 4110 RIDGE
ACACIA 340 7 320 8

4032 CHERMSIDE 440 20 400 27 4112 KURABY 360 17 350 15

4034 ASPLEY 390 57 360 47 4113 EIGHT MILE PLAINS 385 134 380 139

NORTH WEST - INNER 545 14 490 11 4115 ALGESTER 350 44 350 45

4059 KELVIN GROVE 490 6 n.a. 4 4116 CALAMVALE 380 78 365 58

4065 BARDON 565 6 n.a. 4 SOUTH EAST - INNER 440 218 420 193

NORTH WEST - OUTER 395 51 395 59 4151 COORPAROO 425 13 460 11

4053 STAFFORD 400 36 400 48 4152 CAMP HILL 426 116 400 105

4054 HILLS
ARANA 365 8 355 8 4170 CANNON HILL 470 59 425 51

4061 THE GAP 385 7 n.a. 3 4171 BALMORAL 540 23 520 14

SOUTH - INNER 420 154 400 135 4172 MURARRIE 480 7 490 12

4103 ANNERLEY 490 28 445 25 SOUTH EAST - OUTER 395 70 385 58

4104 YERONGA 450 13 440 14 4153 BELMONT 420 11 410 6

4105 MOOROOKA 430 23 395 23 4154 GUMDALE 400 33 390 35

4120 GREENSLOPES 450 20 485 15 4173 TINGALPA 370 23 365 16

4121 HOLLAND PARK 430 7 380 8 SOUTH WEST - INNER 440 56 390 65

4122 MANSFIELD 400 62 390 50 4068 CHELMER 500 21 490 23

4075 CORINDA 425 35 380 42

SOUTH WEST - OUTER 350 141 350 125

4073 SEVENTEEN MILE ROCKS 400 20 390 20

4074 JINDALEE 395 17 450 23

4077 DOOLANDELLA 345 84 345 38

4078 FOREST LAKE 345 13 325 35

GREATER BRISBANE
HOUSE AND UNIT MARKET
Mirroring the results for Brisbane, the surrounding In Logan, Logan Central increased 10 per cent to
regions of our capital city recorded steady results over the $268,500. The suburb is the administrative and
December quarter. commercial centre for the area and has entry level prices
for first home buyers. It also attracts investors due to
The median house price for Ipswich was flat at $300,000
its central location, supply of tenants, and stock of ex-
over the period. Logan City’s median house price
Housing Commission properties ripe for renovation.
increased 1.7 per cent to $341,000; Moreton Bay’s
reduced 0.3 per cent to $369,000; and Redland City’s Clontarf in the Moreton Bay region recorded median
dipped by just 0.7 per cent to $424,000 over the quarter. house price growth of 6.3 per cent to $345,000, while
Capalaba in Redland City was up 6.5 per cent to $410,000.
A solid performer in Ipswich was North Ipswich which
recorded an increase in its median house price of 10 The median price of units and townhouses performed
per cent to $253,000. Located on the northern side of well in Ipswich, Moreton Bay Regional and Redland City
the Bremer River, the long established suburb of North council areas due to an increase in the number of new
Ipswich offers residents a mix of old and new. There are townhouses sold as well as the number of units and
homes with a distinctly colonial feel in the suburb - one of townhouses sold with water views.
the first areas settled in the Ipswich area - as well as old The growth of townhouse developments in the Moreton
Queenslanders and cottages. Bay region is starting to change the type of housing stock
available in this area, as well as having a positive impact
on median prices in suburbs such as Morayfield and
Scarborough.

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