Larry Schlesinger | 21 November 2011

Logan takes the biggest hit among Brisbane regional cities: September quarter REIQ

Logan City’s housing market was Brisbane’s worst-performing surrounding metropolitan region, according September quarter figures from the Real Estate Institute of Queensland.

Houses in Logan City declined by 4.2% over the three months to September 2011 to a median value of $300,000.

In comparison Brisbane suburbs recorded a 1.7% decline over the same period to $427,500.

All the other regional centres recorded median house price declines greater than Brisbane with Ipswich City house prices falling 3.2%, Moreton Bay houses down 2.6% and Redland City house prices down 1.9%.

Locality

Median Sale Sep11

Qtrly
change

1yr
change

IPSWICH CITY (LGA)

$        300,000

-3.2%

-3.1%

IPSWICH CITY (LGA) ^ ~

$        450,000

-14.9%

1.0%

AUGUSTINE HEIGHTS * ~

$        540,000

21.3%

-21.8%

BELLBIRD PARK

N/A

N/A

-4.4%

BOOVAL

N/A

N/A

-2.8%

BRASSALL

$        320,250

0.4%

-3.0%

BUNDAMBA

$        307,250

N/A

0.7%

CAMIRA

$        310,000

N/A

-4.9%

COLLINGWOOD PARK

$        318,750

-6.0%

-0.6%

EAST IPSWICH

N/A

N/A

-5.6%

EASTERN HEIGHTS ~

$        259,000

-13.8%

-1.1%

FLINDERS VIEW ~

$        317,500

-2.8%

-15.0%

GOODNA ~

$        205,000

-21.9%

-3.4%

IPSWICH ~

N/A

N/A

-9.6%

KARALEE ^

N/A

N/A

-0.5%

LEICHHARDT

N/A

N/A

-6.0%

NORTH BOOVAL

$        145,750

N/A

N/A

NORTH IPSWICH ~

$        230,000

-10.2%

-8.0%

RACEVIEW ~

$        280,000

-8.3%

-7.5%

REDBANK PLAINS ~

$        280,000

-1.8%

-8.1%

RIVERVIEW ~

N/A

N/A

-8.4%

ROSEWOOD

N/A

N/A

2.4%

SILKSTONE ~

N/A

N/A

-8.0%

SPRINGFIELD ~

$        370,000

11.4%

-2.5%

SPRINGFIELD LAKES

$        385,000

4.3%

-4.9%

YAMANTO ~

$        312,500

-12.7%

-3.4%

LOGAN CITY (LGA)

$        335,250

-4.2%

-3.3%

LOGAN CITY (LGA) ^

$        475,000

-2.1%

-4.7%

BEENLEIGH

$        317,500

N/A

-2.8%

BERRINBA

$        390,000

-1.3%

-2.1%

BETHANIA

$        305,000

2.7%

-6.3%

BORONIA HEIGHTS

$        280,000

-4.4%

-8.2%

BROWNS PLAINS ~

$        281,000

-3.1%

-10.2%

CEDAR GROVE ^ ~

N/A

N/A

-12.4%

CEDAR VALE ^ ~

$        377,000

-14.1%

-6.8%

CORNUBIA ~

$        381,000

-18.9%

-0.5%

CRESTMEAD

$        270,000

-6.1%

-7.0%

DAISY HILL ~

$        403,500

-13.8%

5.4%

EAGLEBY

$        249,250

-5.9%

-7.2%

EDENS LANDING ~

$        330,000

-8.8%

-5.4%

FORESTDALE ^ ~

N/A

N/A

-10.9%

GREENBANK ^ ~

$        520,000

20.2%

2.6%

HERITAGE PARK

$        379,000

0.0%

-6.5%

HILLCREST ~

$        302,500

-17.1%

0.0%

JIMBOOMBA

$        409,750

N/A

2.8%

JIMBOOMBA ^

$        440,000

-2.4%

-7.0%

KINGSTON

$        254,000

-4.2%

-9.7%

LOGAN CENTRAL

$        255,000

N/A

-7.2%

LOGAN VILLAGE ^ ~

$        460,000

7.0%

-17.5%

LOGANHOLME

$        350,000

-4.9%

-2.8%

LOGANLEA

N/A

N/A

-6.3%

MARSDEN ~

$        287,500

-10.7%

0.6%

MEADOWBROOK

N/A

N/A

-7.6%

MOUNT WARREN PARK

$        372,500

-2.0%

-7.7%

MUNDOOLUN ^

N/A

N/A

3.9%

MUNRUBEN ^

$        495,000

N/A

0.3%

NEW BEITH ^ ~

$        492,500

-15.8%

-1.2%

REGENTS PARK

$        329,000

-7.5%

0.8%

ROCHEDALE SOUTH

$        400,025

-7.2%

-2.9%

SHAILER PARK

$        429,000

-2.5%

0.0%

SLACKS CREEK

$        279,000

-5.4%

-6.5%

SPRINGWOOD ~

$        385,500

-10.3%

-4.1%

TANAH MERAH ~

$        354,000

-9.2%

-1.3%

UNDERWOOD

$        456,000

4.2%

-0.6%

WATERFORD

$        410,500

5.3%

-3.7%

WATERFORD WEST

$        290,000

-0.9%

-3.1%

WINDAROO + ~

N/A

N/A

-7.8%

WOODRIDGE

$        225,500

-6.8%

-7.2%

MORETON BAY (LGA)

$        370,000

-2.6%

-5.0%

MORETON BAY (LGA) ^

$        530,000

0.0%

-5.8%

ALBANY CREEK

$        458,500

-3.9%

-8.2%

ARANA HILLS

$        448,000

6.7%

-9.1%

BANKSIA BEACH ~ f

$        670,000

39.9%

3.2%

BELLARA

$        295,000

N/A

-3.3%

BELLMERE

$        300,000

N/A

-6.8%

BONGAREE ~ f

$        390,000

12.0%

-7.2%

BRAY PARK

$        360,000

-1.9%

-2.7%

BURPENGARY

$        334,000

0.8%

-9.1%

BURPENGARY ^

$        550,000

5.8%

-1.4%

BURPENGARY EAST ^ ~

$        558,000

33.3%

-5.6%

CABOOLTURE

$        305,000

-4.7%

-7.8%

CABOOLTURE ^

N/A

N/A

0.1%

CABOOLTURE SOUTH

$        262,500

3.0%

-6.3%

CASHMERE

$        568,500

N/A

6.7%

CLONTARF

$        324,500

2.4%

-5.2%

DAKABIN

$        379,500

N/A

N/A

DECEPTION BAY

$        310,000

1.6%

-5.0%

EATONS HILL

$        519,500

4.8%

1.9%

ELIMBAH ^ ~

$        429,025

N/A

-10.0%

EVERTON HILLS

$        480,000

1.1%

2.4%

FERNY HILLS

$        425,000

4.3%

-5.9%

GRIFFIN

N/A

N/A

0.0%

KALLANGUR

$        324,500

-1.7%

-5.1%

KIPPA-RING

$        360,000

-1.2%

-5.9%

LAWNTON

$        322,500

1.9%

-6.9%

MANGO HILL ~

$        385,000

-15.8%

-7.3%

MARGATE ~

$        315,000

-3.5%

-14.7%

MORAYFIELD

$        312,000

1.4%

-6.5%

MORAYFIELD ^

$        449,000

-5.0%

-7.3%

MURRUMBA DOWNS

$        393,000

1.6%

-5.9%

NARANGBA

$        380,000

-0.3%

-5.7%

NEWPORT ~ f

$        756,000

N/A

-10.6%

NINGI ^ ~

N/A

N/A

-16.3%

NORTH LAKES

$        432,250

-0.1%

-3.5%

PETRIE ~

$        356,000

-6.3%

-4.3%

REDCLIFFE

$        331,000

0.6%

-7.7%

ROTHWELL

$        362,500

3.0%

-0.8%

SAMFORD VALLEY ^

N/A

N/A

-6.2%

SANDSTONE POINT

$        361,000

N/A

-7.5%

SCARBOROUGH ~ f

$        347,500

-23.0%

-14.3%

STRATHPINE ~

$        291,250

-10.4%

-4.6%

UPPER CABOOLTURE ^ ~

N/A

N/A

-14.2%

WARNER

$        462,500

1.6%

-3.5%

WOODY POINT

$        317,500

N/A

-5.0%

REDLAND CITY (LGA)

$        427,000

-1.9%

-5.0%

REDLAND CITY (LGA) ^ ~

$        715,000

-16.1%

-6.6%

ALEXANDRA HILLS

$        380,000

-3.3%

-5.5%

BIRKDALE

$        452,000

2.5%

-5.8%

CAPALABA

$        385,150

-1.1%

-4.5%

CAPALABA ^ ~

$        715,000

N/A

-7.5%

CLEVELAND

$        503,750

7.2%

-7.6%

MACLEAY ISLAND ~

$        211,500

-18.7%

-1.6%

MOUNT COTTON

$        467,900

-1.5%

1.1%

ORMISTON ~ f

$        395,000

-22.9%

-15.6%

REDLAND BAY

$        450,750

1.3%

-6.0%

RUSSELL ISLAND ~ f

$        190,000

-3.6%

-9.8%

THORNESIDE

$        361,000

N/A

-7.4%

THORNLANDS

$        537,500

7.0%

-3.6%

THORNLANDS ^ ~

$        661,000

N/A

-8.8%

VICTORIA POINT ~

$        442,000

-13.3%

-5.1%

WELLINGTON POINT ~

$        485,000

-9.2%

-5.5%

^ Denotes acreage sales - on land size greater than 2,400m2. All other house and land sale statistics are based on land size under 2,400m2

Brisbane (SD)– Brisbane Statistical Division which includes the LGA's of Brisbane City, Ipswich City, Logan City, Moreton Bay Regional and Redland City.

~ Medians affected by varying quality of stock sold

* Medians affected by varying quantities of new properties sold

f Medians affected by varying numbers of waterfront properties sold

M Sales volumes and medians affected by mining company sales

+ Due to the nature of properties in this suburb, some group titled property sales have been included

 

 

 

 

 

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