quarterly market report january - march 2014

Quarterly Market

Report

January – March 2014

4655

A Message from Damian

Welcome to the third of my Quarterly Reports for the 4655 postcode.

So the first quarter of 2014 is already behind us...where does time go?

Easter and Anzac Day were combined by many to ensure a nice break and Hervey Bay certainly saw

the benefits of this. The town has been very busy with tourists and most of the accommodation

and caravan parks have been full to capacity.

Mother Nature certainly played her part too and we had days and days of perfect conditions to

enjoy boating, fishing, walking and playing on the beach.

The real estate market has started well in 2014 and as you will see in this report, the signs are

certainly positive but there is no sign that we are feeling any of the boom being seen in our Capital

cities.

REMEMBER:

The idea of this report, is to ensure you have a handle on the market place and have all of the

information you may require should you decide to get involved in real estate here in Hervey Bay.

This report is for you – so if you have any comment please let me know; if there is information you

feel is missing or stuff you love to see I welcome your feedback.

Each report will cover residential sales only; this includes houses, land, units and townhouses. You may note that in each suburb there are sales excluded – we are advised by RP Data that these are sales that are classified as not “normal sales’ i.e. to a family member, sales where the prices have yet to be declared by the sales person or ratified by the Department of Natural Mines and Resources. DISCLAIMER The statistics in this report are collated from RP Data and realestate.com.au and are provided in good faith by Harcourts Hervey Bay. We cannot purport to their accuracy and will not be held in any way responsible for their accuracy or otherwise.

4655 – An Overview

302 Residential Sales

1852 Properties on the Market Today

Median Sale Prices House $330,000

Land $155,000

Units $290,000

Lowest Sale $53,000

Highest Sale $790,000

4655 – An Overview

MEDIAN

SALE

PRICES

29292803

1852

0

500

1000

1500

2000

2500

3000

ON THE MARKET

July - Sept 13 Oct - Dec 13 Jan - Mar 14

302308

302

250

260

270

280

290

300

310

320

330

340

350

RESIDENTIAL SALES


$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

HOUSES LAND UNITS


4655 - HIGHLIGHT SUBURB: Torquay

Examples of Sold Properties

Quantity Lowest Sale Highest Sale Median Value Average Value Total Value

*EXCLUDED 1

HOUSE 35 $191,911 $410,000 $283,000 $294,797 $10,317,911

LAND 5 $150,000 $272,500 $180,000 $193,100 $965,500

UNIT 11 $50,000 $355,000 $232,000 $221,772 $2,439,500

TOTAL 52

$13,722,911

46 Ann Street Torquay QLD 4655

Sale Price: $405,000

Sale Date: 8 Mar 2014

Area: 600m2

Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

23/386 Esplanade Torquay QLD 4655

Sale Price: $205,000

Sale Date: 11 Mar 2014

Attributes: 2 Beds, 2 Baths, 1 Car Spaces

Scarness


HOUSE 12 $235,000 $482,500 $292,500 $326,836 $3,922,032

UNIT 3 $170,000 $270,000 $188,000 $209,333 $628,000

TOTAL 15

$4,550,032

Pialba


*EXCLUDED 2

HOUSE 15 $190,000 $701,500 $306,000 $320,700 $4,810,500

LAND 3 $204,000 $600,000 $240,000 $348,000 $1,044,000

OTHER 1 $220,000 $220,000 $220,000 $220,000 $220,000

UNIT 11 $300,000 $600,000 $450,000 $435,309 $4,788,400

TOTAL 32

$10,862,900

Point Vernon


*EXCLUDED 2

HOUSE 27 $200,000 $660,000 $350,000 $351,759 $9,497,500

LAND 2 $163,000 $205,000 $184,000 $184,000 $368,000

TOTAL 31

$9,865,500

Eli Waters

Quantity

Lowest

Sale

Highest

Sale

Median

Value

Average

Value

Total

Value

*EXCLUDED 1

HOUSE 11 $277,500 $500,000 $357,000 $365,136 $4,016,500

UNIT 1 $320,000 $320,000 $320,000 $320,000 $320,000

TOTAL 13

$4,336,500

Urraween

Quantity

Lowest

Sale

Highest

Sale

Median

Value

Average

Value Total Value

HOUSE 193 $153,000 $700,000 $330,000 $335,818 $64,812,996

LAND 36 $100,000 $4,124,868 $166,500 $362,011 $13,032,405

OTHER 1 $346,000 $346,000 $346,000 $346,000 $346,000

UNIT 8 $220,000 $352,000 $338,000 $306,062 $2,448,500

TOTAL 239

$80,639,901

Kawungan

Quantity

Lowest Sale

Highest Sale

Median Value

Average Value

Total Value

*EXCLUDED 2

HOUSE 11 $250,000 $350,000 $300,000 $299,227 $3,291,500

LAND 3 $160,000 $187,000 $160,000 $169,000 $507,000

UNIT 1 $165,000 $165,000 $165,000 $165,000 $165,000

TOTAL 17

$3,963,500

Wondunna


HOUSE 7 $280,000 $585,000 $435,000 $411,428 $2,880,000

LAND 4 $90,000 $205,000 $177,375 $162,437 $649,750

TOTAL 11 $3,529,750

River Heads


*EXCLUDED 1

HOUSE 8 $137,000 $650,000 $307,500 $336,187 $2,689,500

LAND 9 $53,000 $290,000 $113,500 $129,333 $1,164,000

TOTAL 18

$3,853,500

Craignish


HOUSE 5 $250,000 $635,000 $518,000 $478,600 $2,393,000

LAND 3 $133,000 $175,000 $162,500 $156,833 $470,500

TOTAL 8

$2,863,500

Booral


HOUSE 5 $273,000 $590,000 $340,000 $370,000 $1,850,000

LAND 3 $136,000 $172,500 $155,000 $154,500 $463,500

TOTAL 8

$2,313,500

Dundowran Beach

Quantity Lowest Sale Highest Sale Median Value

Average

Value Total Value

HOUSE 8 $325,000 $790,000 $519,500 $544,250 $4,354,000

LAND 4 $105,000 $410,000 $196,500 $227,000 $908,000

TOTAL 12

$5,262,000

Toogoom


*EXCLUDED 9

HOUSE 7 $277,000 $485,000 $320,000 $347,000 $2,429,000

LAND 8 $75,000 $250,000 $93,000 $116,375 $931,000

TOTAL 24

$3,360,000

Urangan


*EXCLUDED 1

HOUSE 12 $240,000 $580,000 $307,500 $337,083 $4,045,000

LAND 3 $146,000 $183,500 $150,000 $159,833 $479,500

UNIT 10 $180,000 $385,000 $244,000 $253,000 $2,530,000

TOTAL 26

$7,054,500

Damian Raxach

0403 880 327

quarterly market report january - march 2014

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