Queensland

Benchmark April18

Price Trends Gross value of sales rolling 12 months Residential houses (Less than 4 Ha) 12000 9000 6000 3000 NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 Agriculture/Rural Less than 40 Ha 3000 2250 1500 750 Agriculture/Rural 40 Ha to 100 Ha 1500 1125 750 375 Agriculture/Rural 100 Ha to 1,000 Ha 600 450 300 150 Agriculture/Rural 1,000 Ha+ 1600 1200 800 400 12 | www.landmarkharcourts.com.au 2017 2016 20,251 20,587 316,000 318,000 q–0.6% q–3.6% 2017 2016 5,015 5,296 150,000 150,000 0.0% q–5.7% 2017 2016 2,237 2,266 350,000 330,000  6.1% q–2.9% 2017 2016 580 643 595,000 560,000  6.3%  12.0% 2017 2016 281 286 2,050,000 2,031,700  0.9%  22.8% Transactional activity eased off over the year across regional Queensland, with the number of property sales slipping by 2.5% year on year to reach 28,364. The lower number of sales was attributable to a 1.6% drop in residential housing sales, while the rural sector saw the number of sales fall by a larger 4.5% over the year. The gross value of sales also fell over the year to November 2017. The value of all regional property sales fell 4.1% over the year to reach $10.02 billion. Residential sales totalled $6.8 billion, which was 1.9% down on the prior year, while the rural sector saw $3.2 billion in sales which was 8.0% lower relative to the same period a year ago. Although results in regional Queensland were mixed, residential sales activity has increased across most areas, led by a strong 6.0% recovery in sales across the Fitzroy region and 4.1% rise in sales across the Mackay area. Both regions have been adversely affected by the downturn in mining, however conditions are clearly improving after a long run of lower prices and demand. Rural property sales have also shown a bounce in activity across some markets. Transactions were 12.7% higher over the year across the Darling Downs – Maranoa region and the Toowoomba region also showed a rise in rural sales activity, up 4.5%, demonstrating improved market conditions. NOV 13 NOV 14 NOV 15 Left axis: Total value of sales $ (millions) Right axis: Number of sales NOV 16 50000 37500 25000 12500 NOV 17 0 0 NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 NOV 13 NOV 14 NOV 15 NOV 16 20000 15000 10000 5000 NOV 17 0 0 NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 NOV 13 NOV 14 NOV 15 NOV 16 3500 2625 1750 875 NOV 17 0 0 NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 NOV 13 NOV 14 NOV 15 NOV 16 700 525 350 175 NOV 17 0 0 NOV 07 NOV 08 NOV 09 NOV 10 NOV 11 NOV 12 NOV 13 NOV 14 NOV 15 NOV 16 400 300 200 100 NOV 17 0 0 Queensland


Benchmark April18
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