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%

Hickory Group

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%

Hickory Group

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%

Hickory Group

$        145,750

N/A

N/A

Hickory Group ~

$        230,000

-10.2%

-8.0%

RACEVIEW ~

$        280,000

-8.3%

-7.5%

Hickory Group ~

$        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%

Hickory Group

$        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%

Hickory Group

$        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%

Hickory Group

$        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%

Hickory Group

$        400,025

-7.2%

-2.9%

Hickory Group

$        429,000

-2.5%

0.0%

SLACKS CREEK

$        279,000

-5.4%

-6.5%

SPRINGWOOD ~

$        385,500

-10.3%

-4.1%

Hickory Group ~

$        354,000

-9.2%

-1.3%

UNDERWOOD

$        456,000

4.2%

-0.6%

WATERFORD

$        410,500

5.3%

-3.7%

Hickory Group

$        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%

Hickory Group

$        458,500

-3.9%

-8.2%

Hickory Group

$        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

Hickory Group

$        310,000

1.6%

-5.0%

EATONS HILL

$        519,500

4.8%

1.9%

ELIMBAH ^ ~

$        429,025

N/A

-10.0%

Hickory Group

$        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%

Hickory Group ~

$        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%

Hickory Group

$        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%

Hickory Group

$        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%

Hickory Group

$        361,000

N/A

-7.5%

SCARBOROUGH ~ f

$        347,500

-23.0%

-14.3%

Strathpine ~

$        291,250

-10.4%

-4.6%

Hickory Group ^ ~

N/A

N/A

-14.2%

WARNER

$        462,500

1.6%

-3.5%

Hickory Group

$        317,500

N/A

-5.0%

REDLAND CITY (LGA)

$        427,000

-1.9%

-5.0%

REDLAND CITY (LGA) ^ ~

$        715,000

-16.1%

-6.6%

Hickory Group

$        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%

Hickory Group

$        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%

Hickory Group ~

$        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

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