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

Larry SchlesingerNovember 20, 2011

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%

brand new home

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%

brand new home

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%

brand new home

$        145,750

N/A

N/A

brand new home ~

$        230,000

-10.2%

-8.0%

RACEVIEW ~

$        280,000

-8.3%

-7.5%

brand new home ~

$        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%

brand new home

$        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%

brand new home

$        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%

brand new home

$        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%

brand new home

$        400,025

-7.2%

-2.9%

brand new home

$        429,000

-2.5%

0.0%

SLACKS CREEK

$        279,000

-5.4%

-6.5%

SPRINGWOOD ~

$        385,500

-10.3%

-4.1%

brand new home ~

$        354,000

-9.2%

-1.3%

UNDERWOOD

$        456,000

4.2%

-0.6%

WATERFORD

$        410,500

5.3%

-3.7%

brand new home

$        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%

brand new home

$        458,500

-3.9%

-8.2%

brand new home

$        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

brand new home

$        310,000

1.6%

-5.0%

EATONS HILL

$        519,500

4.8%

1.9%

ELIMBAH ^ ~

$        429,025

N/A

-10.0%

brand new home

$        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%

brand new home ~

$        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%

brand new home

$        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%

brand new home

$        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%

brand new home

$        361,000

N/A

-7.5%

SCARBOROUGH ~ f

$        347,500

-23.0%

-14.3%

STRATHPINE ~

$        291,250

-10.4%

-4.6%

brand new home ^ ~

N/A

N/A

-14.2%

WARNER

$        462,500

1.6%

-3.5%

brand new home

$        317,500

N/A

-5.0%

REDLAND CITY (LGA)

$        427,000

-1.9%

-5.0%

REDLAND CITY (LGA) ^ ~

$        715,000

-16.1%

-6.6%

brand new home

$        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%

brand new home

$        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%

brand new home ~

$        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

 

 

 

 

 

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer