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Queensland housingmarket reportJune quarter 2011
Department o Communities
air, cohesive and vibrant communities
Housing and Homelessness Services
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INTRODUCTION
The Department of Communities (Housing and Homelessness Services) produces the Queensland HousingMarket Report to provide a snapshot of key housing market indicators in Queensland for the relevant quarter.
The Queensland Housing Market Report provides a quarterly update on private rental and home ownershipmarkets for the states 15 most populated Local Government Areas (LGAs). Also included in the Report are aseries of Housing and Economic Statistics Tables that offer a range of easily referenced tables relating togeneral economic and Queensland housing market indicators.
The Report relies on data provided by government agencies such as the Residential Tenancies Authority,Queensland Treasury, Department of Environment and Resource Management and the Australian Bureau ofStatistics.
Disclaimer for release of this information to external partiesThe materials presented in this Queensland Housing Market Report are distributed by the Department ofCommunities as an information source only. The information is provided solely on the basis that readers willbe responsible for making their own assessment of the matters discussed herein and are advised to verify allrelevant representations, statements and information.
While information contained in this document is regarded as unclassied by the Department of Communities,external parties using this information nevertheless agree hereby to abide by the following terms and conditionsfor its use:
This document and its contents are copyright to Queensland Department of Communities. No part of this
publication is to be reproduced or transmitted in any form or by any means, electronic or manual, includingphotocopying, without the written permission of the Department of Communities.
Where material from this document is cited elsewhere, the reference should be sourced appropriately; citing theDepartment of Communities as author, and including the cited date of publication.
Information and data contained in this document are not to be cited out of the context in which they arepresented, or using terminology other than that used within this document.
While all care has been taken in the preparation of information and material in this publication, including theaccuracy of data, the Department of Communities gives no warranty that the information is free from errors, is
complete, has any particular quality, or is suitable for any particular purpose.
The Department of Communities accepts no responsibility for commercial decisions or changes in the personalcircumstances of individuals acting on the information contained in this document.
External parties who use information contained in this document thereby agree to indemnify the QueenslandGovernment (and its servants and agents) in respect of all liability for loss (including all legal costs) or liabilityfrom any claim, suit, action, demand or proceeding brought by any third party in connection with the use of thisinformation.
Contacts
All inquires should be addressed to Private Housing Programs, Department of Communities (Housing andHomelessness Services) on 07 3406 7588.
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Contents
June Quarter Highlights 1
Private Rental Market 2
Rental price update 23 Bedroom detached houses 22 Bedroom ats/units 3Rent across dwelling types and sizes 4
Residential vacancy rates 5Rental market size 5
Home Ownership 6
Home purchase prices 6
Detached house prices 7Flat/unit prices 7Vacant land prices 8
Housing fnance and planned residential construction 9New loans by dwelling type 9New loans by buyer type 9Dwelling approvals 10
Economic Update 10
Economic growth 10
Population growth 11Interest rates 11
Wages & Prices 12
Unemployment 13
Housing and Economic Statistics Tables 14
Private rental tables 14
Table 6 - 3 Bedroom detached houses 14Table 7 - 2 Bedroom ats/units 15Table 8 - Rent Assistance Rates 15
Home ownership tables 16Table 9 - Detached house prices 16Table 10 - Flat/unit prices 16Table 11 - Vacant land prices 17Table 12 - Average home loan sizes in Australia 17Table 13 - Average home loan sizes in Queensland 17Table 14 - Queensland residential dwelling approvals 18
Economic tables 18Table 15 - Interest rates 18Table 16 - Australian Consumer Price Index components 18Table 17 - Consumer Price Index for Australian capital cities 19
Table 18 - Rates of unemployment 19
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Explanatory NotesRent and Sales Statistics
The geographic areas for reporting rent and sales data
are based on the Australian Standard Geographical
Classication (ASGC) of the Australian Bureau of
Statistics (ABS).
Rent statistics in this Report are sourced from
information provided on the bond lodgement form
lodged with the Residential Tenancies Authority (RTA).
Sales statistics in this Report are sourced from
information provided on the Property information
(transfer) form that is lodged with Queensland Valuation
and Sales (QVAS) maintained by the Department of
Environment and Resource Management (DERM).
Unless otherwise specied, the rent and sales statistics
in this Report are derived from total records available for
the relevant quarter. No exclusions or limits have been
applied.
Median rent and sales values are used in this Report.
The median is the value that divides a set of ordered
data equally into a bottom half and a top half (i.e. the
middle value or 50th percentile). The median value is
not signicantly affected by unusually high or low values
(outliers) and therefore provides a better measure of
central tendency.
Local Government Areas (LGAs) with less than 10 rental
bonds or sales records are deemed to have too small a
sample size for the reporting of median rent and sales
statistics.
Total bonds held refers to those live bonds held at the
last date of the quarter by the RTA. The total number
of bonds held by the RTA does not equal the total
number of rental properties due to a proportion of rental
properties remaining vacant at any given time and the
occurrence of cases where bonds are not required by
the landlord (i.e. informal lettings).
The sales data for the most recent quarter is preliminary
and is reported two months after the end of quarterby which time the number of sales processed through
QVAS represent approximately 70% of the total sales
for that quarter. This arises because of the lapse in time
between the contract date and when the sale is notied.
The proportion of total sales available at the time of
reporting is considered sufcient for the analysis of
sales data in this Report.
Preliminary sales data reported for previous quarters is
not revised and as such comparison of data between
quarters provides a guide only.
Sales data reported for each quarter is based on the
contract date recorded rather than the settlement date,
which can occur up to three months later. Analysis
based on the contract date provides a more accurate
reection of market activity in the specied quarter.
It should be noted in interpreting quarterly changes in
sales values that the sample of properties transacted in
one quarter may be quite different compositionally to the
sample of properties transacted in previous quarters.
Housing Finance Data
The method for estimating the number of new loans
taken out in Queensland by investors was sourced
from BIS Shrapnel. This involves taking the total
value of loans in Queensland for the purchase of
residential property for rent or resale, and dividing
this by the average purchase price of non-rst home
buyers (investors are known to spend more than the
average rst home buyer). Both values are sourced
from the ABS. This estimate only covers loans taken
out in Queensland for property investment and may
include loans taken out in Queensland for propertyoutside of the state (properties interstate or overseas).
This estimate does not include investor purchases in
Queensland where loans are sourced outside of the
state (i.e. interstate or overseas buyers).
Data Series Type
Original series data from the ABS is used within the
Report except where Seasonally Adjusted series data
is deemed more appropriate. Seasonal adjustment is
the process of estimating and then removing from a
time series inuences that are systematic and calendar
related. Seasonal effects can conceal both the true
underlying movement in the series, as well as certain
non-seasonal characteristics.
Economic performance is depicted using trend series
data for Chain Volume Measure. Trend data is dened
as the long term movement in a time series without
calendar related and irregular effects, and is a reection
of the underlying level. It is the result of inuences
such as population growth, price ination and general
economic changes.
All data provided in the Report is the most recent
available at the time of extraction for this reporting
period, including revised estimates of previous data
released by the ABS.
Data is reported in terms of both absolute change and
percentage change. Absolute change represents the
numerical change in the value reported (i.e. an increase
of $140) while percentage change represents the
absolute change in the value reported as a percentage
of the base value (i.e. an increase of 40%).
Housing and Homelessness Services
www.housing.qld.gov.au Queensland housing market report - June Quarter 2011
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Housing and Homelessness Services
www.housing.qld.gov.au Queensland housing market report June Quarter 2011
June 2011 Quarter Highlights
Private rental market
Rents for Queensland overall have had little to no change to the June Quarter 2011.
0% change in the median weekly rent for 3 bedroom detached houses ($340).
3.1% decrease in the median weekly rent for 2 bedroom ats/units (from $320 to $310).
Of Queenslands 15 most populated LGAs, Gladstone once again recorded the largest absolute increase in median rent for 3
bedroom houses ($20) and Rockhampton and Redland also saw an increase of $10 over this quarter. Toowoomba and
Sunshine Coast recorded a decline in median rent of $5. Nine LGAs saw no change to rents for detached houses over the
quarter, including the LGA of Brisbane. Gladstone and Redland recorded the largest absolute increase in median rent for 2
bedroom ats/units (both $25). Townsville recorded the largest absolute decline in median rent for this dwelling type ($20).
The overall Queensland rental vacancy rate rose to 3.8% in the June Quarter 2011 compared to 3.6% for the previous quarter.
The rental vacancy rate for Inner Brisbane decreased further to 2.2% for the June 2011 quarter, down from 2.6% in the March
quarter. A notable shift in vacancy rates occurred once again in the Brisbane Surrounds market with the vacancy rate of 4.3%,
an increase from 3.3% in the March Quarter 2011.
Total rental bonds in Queensland for detached houses, ats/units and townhouses increased by 1.4% over the June Quarter
2011. The number ofnew bonds lodged in the June Quarter 2011 decreased by 11.7% from the previous quarter.
Home ownership
Queenslands property purchase prices decreased over the June Quarter 2011.
- Median house prices dropped by 3.0% ($407,500 compared to $420,000 for the previous quarter).
- Median at/unit prices had no change from the previous quarter remaining at $350,000.
Of Queenslands 15 most populated LGAs, ten recorded a decrease in median house price to the June Quarter 2011. Theargest decline in median house price was on the Gold Coast at $28,250, with Rockhampton and Fraser Coast both recording a
$20,000 shift. Gladstone and Toowoomba recorded the largest absolute increase in median house price ($23,500 and $6,750).
The stand out increase in at/unit prices in June Quarter 2011 was a $100,000 increase in the median price for Gladstone
$442,500 up from $342,500 in March Quarter 2011). Rockhampton, Toowoomba and Cairns had the strongest declines for
median at/unit prices at $32,000, $28,000 and $22,000 respectively.
The number ofnew loans for dwelling purchase in Queensland recovered slightly after the fall in the March quarter,
ncreasing by 10.8% over the June Quarter 2011. The investor sector of the market also showed signs of recovery with an
ncrease in activity with the number of new loans increasing by 17.6% in the June Quarter 2011.
Queensland seasonally adjusted residential dwelling approvals for new houses in the June Quarter 2011 numbered 4111, up
rom 3,981 in the March Quarter 2011. There were 2,660 residential dwelling approvals for ats/units/townhouses in the June
Quarter 2011 which was an increase on the March Quarter 2011 approvals of 2,097.
Economic update
Queenslands economic growth gures declined by 1.4% over the March Quarter 2011.
The Reserve Bank of Australia (RBA) cash interest rate and bank home loan rates remained unchanged during the June
Quarter 2011 at 4.75% and 7.80% respectively. Non-bank lenders decreased their home loan rates to 7.20% from 7.30%.
The Queensland seasonally adjusted unemployment rate trended downwards slightly from the previous quarter to 5.3% in
June 2011.
June 2011 Quarter Highlights
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Housing and Homelessness Serviceswww.housing.qld.gov.au Queensland housing market report June Quarter 2011
Rental Price Update3 Bedroom detached houses
Chart 1 shows that the median rent in Queensland for a 3
bedroom detached house was $340 per week as at June
quarter 2011. Also shown in Chart 1 are median weekly rentsfor Queenslands 15 most populated Local Government
Areas (LGAs), listed in descending order of population.
The most expensive of these LGAs to rent a 3 bedroom
house were Gold Coast ($400 per week), Brisbane and
Mackay ($390), Gladstone ($380), Redland ($370) and
Sunshine Coast ($365). These medians were above that
recorded for Queensland over the quarter.
The median recorded for Townsville for this dwelling type
was once again on par with that of Queensland.
The most affordable of the LGAs shown for renting a 3
bedroom house, with little or no change from the June
quarter, were Fraser Coast ($255 per week), Bundaberg
($260), Toowoomba ($265) and Ipswich ($285).
Table 1 outlines the percentage change in median weekly
rents for 3 bedroom detached houses, for Queensland and
its 15 most populated LGAs, over the quarter and over the
year to June quarter 2011.
After remaining constant at $330 per week from the
December Quarter 2009 to December Quarter 2010, the
median rent for 3 bedroom houses in Queensland increased
by $10 to $340 over the March Quarter 2011 and has
remained at that rate over the June 2011 quarter. Of the
LGAs shown, Gladstone recorded the largest absolute
increase in median rent over the quarter ($20), with Redland
and Rockhampton both increasing by $10. The Sunshine
Coast and Toowoomba were the only two LGAs in this group
to record a decline in median rent over the quarter ($5).
The median weekly rent for nine of the 15 LGAs remained
unchanged over the quarter, including Brisbane ($390).
Of the LGAs shown, Gladstone recorded the highest
absolute growth in median rent for a 3 bedroom house over
the year ($80). The Sunshine Coast was the only LGA to
show a decline in the median rent for this dwelling type over
the year ($5). The median rent for 3 bedroom houses in
four of the top 15 LGAs, Gold Coast, Moreton Bay, Logan
and Bundaberg, remained unchanged over the year to June
Quarter 2011.
Private Rental Market
Private Rental Market
Median weekly rents for 3 bedroom detached houses(as at June quarter 2011)
$260
$255
$310
$265
$285
$310
$320
$400
$340
$370
$365
$380
$390
$320
$390
$340
$0 $50 $100 $150 $200 $250 $300 $350 $400 $450
Gladstone (R)
Bundaberg (R)
Fraser Coast (R)
Rockhampton (R)
Mackay (R)
Redland (C)
Toowoomba (R)
Ipswich (C)
Cairns (R)
Townsville (C)
Logan (C)
Sunshine Coast (R)
Moreton Bay (R)
Gold Coast (C)
Brisbane (C)
Queensland
LGAs
Median rent rate ($) weekly
Chart 1
Source: Residential Tenancies Authority
Jun Qtr2010
Mar Qtr2011
Median$rent
Median$rent
Median$rent
%Change
over year
%Changeover qtr
Newbonds
Brisbane (C) $375 $390 $390 4.0% 0.0% 2,687
Gold Coast (C) $400 $400 $400 0.0% 0.0% 1,005
Moreton Bay (R) $320 $320 $320 0.0% 0.0% 1,138Sunshine Coast (R) $370 $370 $365 -1.4% -1.4% 1,010
Logan (C) $320 $320 $320 0.0% 0.0% 910
Townsville (C) $330 $340 $340 3.0% 0.0% 648
Cairns (R) $300 $310 $310 3.3% 0.0% 489
Ipswich (C) $275 $285 $285 3.6% 0.0% 680
Toowoomba (R) $260 $270 $265 1.9% -1.9% 629
Redland (C) $360 $360 $370 2.8% 2.8% 326
Mackay (R) $380 $385 $390 2.6% 1.3% 321
Rockhampton (R) $290 $300 $310 6.9% 3.3% 393
Fraser Coast (R) $250 $255 $255 2.0% 0.0% 342
Bundaberg (R) $260 $260 $260 0.0% 0.0% 288
Gladstone (R) $300 $360 $380 26.7% 5.6% 227
Queensland $330 $340 $340 3.0% 0.0% 13,192
Source: Residential Tenancies Authority
June Quarter 2011
Table 1 - 3 BEDROOM DETACHED HOUSES
15 LARGEST LGAs
in descending order
of population
Percentage change in median weekly rents
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Housing and Homelessness Serviceswww.housing.qld.gov.au Queensland housing market report June Quarter 2011
2 Bedroom Flats/Units
Chart 2 shows that the median rent in Queensland for a 2
bedroom at/unit was $310 per week as at June quarter 2011,
$30 less than median rent recorded for a 3 bedroom detached
house in Queensland over the same quarter.
Also shown in Chart 2 are median weekly rents for
Queenslands 15 most populated LGAs, listed in descending
order of population. Brisbane and Gold Coast remain themost expensive locations to rent a 2 bedroom at/unit, with
medians signicantly above that recorded for Queensland
over the quarter ($380 and $350 per week respectively).
The most affordable of the LGAs shown for renting a 2
bedroom at/unit were Bundaberg ($205 per week), Fraser
Coast and Toowoomba ($210).
In comparing the rental market for 2 bedroom at/units
with that of 3 bedroom houses, there was a narrow price
differential between the median weekly rent for these
dwelling types in Brisbane. Comparatively, 2 bedroom at/
units were positioned as a considerably more affordable
rental alternative in the LGAs of Mackay, Gladstone, Logan,
Sunshine Coast and Townsville.
Table 2 includes the percentage change in median rents
for 2 bedroom ats/units, for Queensland and its 15 most
populated LGAs, over the quarter and over the year to June
quarter 2011.
The median rent for a 2 bedroom at/unit in Queensland
decreased by $10 to $310 per week over the June Quarter
2011. Of the LGAs shown, Redland and Gladstone recorded
the largest absolute increase in median rent over the quarter
(both $25). Townsville, Moreton Bay and Sunshine Coastrecorded declines in median rent over the quarter (down $20,
$3 and $5 respectively).
Compared to a year ago, the median rent for a 2 bedroom
at/unit has increased by $10 at the state level in the June
Quarter 2011. Gladstone ($70), Rockhampton, Mackay and
Brisbane (all $20) recorded the largest absolute increases in
median rent over the year for this dwelling type, consistent
with the strong growth noted in these areas for 3 bedroom
houses over the same period.
The Sunshine Coast and Townsville were the only LGAs
shown to experience a decline in the median rent for this
dwelling type over the year (both -$5), while Ipswich, Cairns
and Bundaberg recorded unchanged median rents over the
year to June Quarter 2011.
For the years to March and June quarters 2011, Bundaberg
was the only LGA shown to record no growth across both
dwelling types of 3 bedroom houses and 2 bedroom ats/
units over the year. The Sunshine Coast was the only LGA to
record a decline in overall median rents over the year to Junequarter 2011 (-1.4% for 3 bedroom houses and -1.7% for 2
bedroom ats/units).
Private Rental Market
Median weekly rents for 2 bedroom flats/units(as at June quarter 2011)
$205
$210
$250
$210
$240
$250
$270
$265
$380
$310
$323
$295
$300
$300
$250
$350
$0 $50 $100 $150 $200 $250 $300 $350 $400
Gladstone (R)
Bundaberg (R)
Fraser Coast (R)
Rockhampton (R)
Mackay (R)
Redland (C)
Toowoomba (R)
Ipswich (C)
Cairns (R)
Townsville (C)
Logan (C)
Sunshine Coast (R)
Moreton Bay (R)
Gold Coast (C)
Brisbane (C)
Queensland
LGAs
Median rent rate ($) weekly
Chart 2
Source: Residential Tenancies Authority
Jun Qtr2010
Mar Qtr2011
Median$rent
Median$rent
Median$rent
%Change
over year
%Changeover qtr
Newbonds
Brisbane (C) $360 $375 $380 5.6% 1.3% 3,780
Gold Coast (C) $340 $350 $350 2.9% 0.0% 2,487
Moreton Bay (R) $260 $268 $265 1.9% -0.9% 411
Sunshine Coast (R) $300 $300 $295 -1.7% -1.7% 886
Logan (C) $240 $250 $250 4.2% 0.0% 215
Townsville (C) $275 $290 $270 -1.8% -6.9% 710
Cairns (R) $250 $250 $250 0.0% 0.0% 950
Ipswich (C) $240 $240 $240 0.0% 0.0% 141
Toowoomba (R) $200 $210 $210 5.0% 0.0% 332
Redland (C) $310 $298 $323 4.0% 8.4% 56
Mackay (R) $280 $300 $300 7.1% 0.0% 243
Rockhampton (R) $230 $235 $250 8.7% 6.4% 215
Fraser Coast (R) $200 $200 $210 5.0% 5.0% 207
Bundaberg (R) $205 $200 $205 0.0% 2.5% 105
Gladstone (R) $230 $275 $300 30.4% 9.1% 159
Queensland $300 $320 $310 3.3% -3.1% 11,843
Source: Residential Tenancies Authority
Table 2 - 2 BEDROOM FLATS/UNITS
15 LARGEST LGAsin descending order
of population
June quarter 2011
Percentage change in median weekly rents
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Housing and Homelessness Serviceswww.housing.qld.gov.au Queensland housing market report June Quarter 2011
Rent across dwelling types and sizes
Chart 3 illustrates Queensland median weekly rents by
dwelling type and number of bedrooms for the June quarter
2011. Table 3 shows this breakdown for Queenslands
15 most populated LGAs, listed in descending order of
population.
n most instances, median rents for all detached houses
shown are lower than for ats/units and townhouses withcorresponding number of bedrooms. The reason for this is
that ats/units and townhouses are predominantly located
n markets with higher property values, such as inner city
ocations and coastal regions.
The highest median rents for the June Quarter 2011 in
Queensland were for four bedroom townhouses ($440
per week), which is $40 and $55 higher than for both four
bedroom ats/units and four bedroom houses respectively in
Queensland.
The most notable difference in median weekly rents for
dwellings categorised by the number of bedrooms was the
ncrease from one bedroom houses to two bedroom houses,
and the increase from one bedroom townhouses to two
bedroom townhouses ($80 and $113 respectively). Rental
prices increase steadily with the number of bedrooms for the
at/unit dwelling type category.
The most notable disparity in median rents across dwelling
types occurs for one bedroom dwellings, where the median
rent for a one bedroom at/unit was higher than that for onebedroom houses and townhouses by a difference of $60 and
$63 respectively.
Private Rental Market
1 bed 2 bed 3 bed 4 bed 1 bed 2 bed 3 bed 4 bed 1 bed 2 bed 3 bed 4 bed
Brisbane (C) $280 $380 $430 $438 $200 $350 $390 $460 $215 $360 $400 $480
Gold Coast (C) $290 $350 $390 $450 $245 $348 $400 $450 $175 $320 $365 $495
Moreton Bay (R) $200 $265 $300 $315 $195 $265 $320 $365 $170 $280 $320 $355
Sunshine Coast (R) $240 $295 $350 $525 $250 $300 $365 $440 $258 $310 $360 $410Logan (C) $215 $250 $295 $370 $268 $270 $320 $380 $247 $268 $320 $380
Townsville (C) $230 $270 $390 $410 $245 $290 $340 $395 . $285 $350 $380
Cairns (R) $193 $250 $330 $250 $250 $266 $310 $365 $185 $230 $350 $750
Ipswich (C) $185 $240 $280 $319 $140 $255 $285 $340 . $265 $300 $350
Toowoomba (R) $165 $210 $280 $368 $155 $220 $265 $350 $125 $245 $290 $393
Redland (C) $207 $323 $370 $298 $235 $228 $370 $460 $215 $330 $365 $445
Mackay (R) $210 $300 $420 $415 $210 $325 $390 $480 $380 $360 $420 .
Rockhampton (R) $163 $250 $283 $360 $200 $250 $310 $370 . $290 $300 .
Fraser Coast (R) $134 $210 $265 $270 $190 $225 $255 $305 . $253 $300 $290
Bundaberg (R) $180 $205 $273 $320 $190 $225 $260 $310 . $235 $275 .
Gladstone (R) $220 $300 $370 . $225 $300 $380 $470 . $300 $450 $390
Queensland $260 $310 $360 $385 $200 $280 $340 $400 $197 $310 $365 $440Note that median prices have not been provided for LGAs with less than 10 rental bonds, for the given dwelling type and number of bedrooms.
Source: Residential Tenancies Authority
Table 3 - MEDIAN WEEKLY RENTS ACROSS DWELLING TYPE AND NUMBER OF BEDROOMS
June quarter 2011
15 LARGEST LGAsin descending
order of population
Flat/unit House Townhouse
Queensland weekly median rents
by number of bedrooms and dwelling type(June quarter 2011)
$260
$310
$360
$280
$340
$400
$310
$365
$440
$385
$200
$197
$0
$100
$200
$300
$400
$500
1 bedroom 2 bedroom 3 bedroom 4 bedroom
Flat/unit House Townhouse
Chart 3
Source: Residential Tenancies Authority
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Housing and Homelessness Serviceswww.housing.qld.gov.au Queensland housing market report June Quarter 2011
Residential vacancy rates
A healthy residential rental market vacancy rate is considered
to be around 3.0%, with slight variations at the regional level.
Chart 4 illustrates the residential vacancy rates for Inner
Brisbane (suburbs wholly or mainly within 5km of Brisbane
GPO), Brisbane Remainder, Brisbane Surrounds (the
Moreton Bay, Logan, Redland and Ipswich LGAs), Gold
Coast and Rest of Queensland (i.e. areas outside of south-east Queensland), over the quarter and over the year to June
Quarter 2011.
The Queensland vacancy rate has been above the healthy
level since the March Quarter 2009 and was recorded at
3.8% for the June quarter 2011, up slightly from the previous
quarter (3.6%).
The impact of ooding in Brisbane and regional centres
throughout the state in December and January contributed to
an overall tightening of vacancy rates over the March Quarter2011 as a result of increased demand from displaced persons
seeking short term accommodation and a reduction in rental
stock in affected areas.
The Inner Brisbane region vacancy rate has dropped further
below the March 2011 Quarter down to 2.2%, for the June
Quarter 2011. The Remainder of Brisbane Region also saw a
reduction in vacancies reducing to 2.6% from 3.1% in March.
Brisbane Surrounds and Gold Coast regions both recovered
to record vacancy rates similar to June Quarter 2010, while
the Rest of Queensland remained unchanged from theMarch Quarter. All regions outside of Brisbane have recorded
vacancy rates above the healthy level for June Quarter 2011.
The Gold Coast recorded the highest vacancy rate for the
June Quarter 2011 (5.5%).
Rental market size
Chart 5 shows total quarterly rental bonds held in
Queensland for detached houses, townhouses and ats/units
over the year to June Quarter 2011.
Total rental bonds for Queensland numbered 433,937 for
the June Quarter 2011. This represents an increase of 1.4%
or 6,079 bonds over the quarter. Over the year to the June
Quarter 2011 total rental bonds increased by 6.4% or 26,553
bonds.
Queenslands rental bonds increased between 0.7% and
0.9% per quarter over the four quarters to June 2010.
Queenslands population growth increased by between 0.4%
and 1.0% over the same period.
The number of new bonds lodged within each quarter is also
shown in Chart 5 as an indicator of market churn. This is
inuenced by a number of factors, including new dwellings
constructed in an area, shifts between owner occupied versus
renter dwellings and length of tenancy. On average, over the
last year new bonds have accounted for 13% of total bondswithin each quarter.
New bonds for the June Quarter 2011 numbered 53,681,
accounting for 12.1% of total bonds for the quarter. This
number of new bonds is down 7,097 on March Quarter 2011
and up 2,113 on the June Quarter 2010.
Private Rental Market
Rental vacancy rates(June quarter 2010, March and June quarters 2011)
2.2%
2.6%
4.2%
2.8%
2.6%
4.9%
3.1%
4.3%
3.3%
4.2%
5.5% 5.5%
4.0% 4.0%
5.1%
3.8%3.6%
4.7%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
Jun. qtr 2010 Mar. qtr 2011 Jun. qtr 2011
Inner Brisbane Remainder of Brisbane
Brisbane Surrounds Gold Coast
Rest of Queensland Queensland
Healthy vacancy rate
(around 3.0%)
Chart 4
Source: Office of Economic and Statistical Research, Queensland Treasury
Queensland rental bonds:
houses, flats/units and townhouses(June quarter 2010 - June quarter 2011)
365,816 367,193376,442 377,080
390,256
51,568 57,36353,259 60,778
53,681
240,000
280,000
320,000
360,000
400,000
440,000
480,000
Jun. qt r 2010 Sep. q tr 2010 Dec. qt r 2010 Mar. q tr 2011 Jun. q tr 2011
Numberofrentalbonds
Existing bonds New bonds for the quarter
Chart 5
Source: Residential Tenancies Authority
417,360
443,937437,778429,679
424,514
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Home purchase prices
Detached house prices
Chart 6 shows the median detached house price in
Queensland was $407,500 as at June Quarter 2011. Alsoshown in Chart 6 are median house prices for Queenslands
15 most populated LGAs, listed in descending order of
population.
Brisbane and the Gold Coast recorded the highest median
house prices, at $514,000 and $488,000 respectively.
Sunshine Coast, Redland, Gladstone and Mackay were
also above the Queensland median, at $460,000, $445,000,
$444,500 and $418,000 respectively. Note that these four
LGAs also recorded median rents above the Queensland
median for 3 bedroom detached houses.
Those in the second tier of LGAs by median detached house
price were all below the Queensland median, including
Moreton Bay ($390,000), Townsville ($379,400), and Logan
($370,000).
Over the quarter, Fraser Coast was the least expensive of
the states 15 most populated LGAs to purchase a house
($290,000), followed closely by Bundaberg ($293,000).
Other more affordable LGAs as at the March Quarter 2011
were Ipswich ($314,500), Toowoomba ($311,700) andRockhampton ($320,000).
Table 4 includes the percentage change in median detached
house prices for Queensland and its 15 most populated LGAs,
over the quarter and over the year to June Quarter 2011.
Queenslands median house price declined 3.0% ($12,500)
over the quarter to $407,500 and declined 5.2% ($22,500)
over the year to June 2011.
Over the quarter, ten of the states 15 most populated
LGAs recorded a decline in median detached house prices,with the most signicant declines occurring in Gold Coast,
Rockhampton and Fraser Coast ($28,250, $20,000 and
$20,000 or 5.6%, 5.9% and 6.5% respectively). Of those
LGAs recording an increase in the median detached house
prices over the quarter, the most notable increase was in
Gladstone (up $23,500 or 5.6%), followed by Toowoomba (up
$6,700 or 2.2%).
Over the year, 11 of the 15 LGAs shown recorded a decline
in median house prices with the following recording the most
signicant declines; Redland (down $45,000 or 9.2%), GoldCoast (down $39,200 or 7.5%), Brisbane (down $36,000
or 6.5%) and Sunshine Coast (down $33,500 or 6.8%).
The three LGAs recording the highest increases in median
house prices over the year to June 2011 were Gladstone
(up $64,000 or 17.0%) and Bundaberg and Mackay (both up
$8,000).
Home Ownership
HOME OWNERSHIP
Median detached house price(as at June quarter 2011)
$293,000
$320,000
$418,000
$311,750
$314,500
$355,000
$379,375
$370,000
$390,000
$514,000
$407,499
$480,750
$444,500
$290,000
$460,000
$445,000
$0 $200,000 $400,000 $600,000
Gladstone (R)
Bundaberg (R)
Fraser Coast (R)
Rockhampton (R)
Mackay (R)
Redland (C)
Toowoomba (R)
Ipswich (C)
Cairns (R)
Townsville (C)
Logan (C)
Sunshine Coast (R)
Moreton Bay (R)
Gold Coast (C)
Brisbane (C)
Queensland
LGAs
Median house price ($)
Source: Department of Environment and Resource Management
Chart 6
Jun Qtr2010
Mar Qtr2011
Median$sales
Median$sales
Median$sales
% Changeover year
% Changeover qtr
No.sales
Brisbane (C) $550,000 $525,000 $514,000 -6.5% -2.1% 2,387
Gold Coast (C) $520,000 $509,000 $480,750 -7.5% -5.6% 898
Moreton Bay (R) $420,000 $400,000 $390,000 -7.1% -2.5% 1,072
Sunshine Coast (R) $493,500 $470,000 $460,000 -6.8% -2.1% 735
Logan (C) $390,000 $375,000 $370,000 -5.1% -1.3% 637
Townsville (C) $385,000 $375,000 $379,375 -1.5% 1.2% 532
Cairns (R) $370,000 $370,000 $355,000 -4.1% -4.1% 346
Ipswich (C) $335,000 $324,000 $314,500 -6.1% -2.9% 390
Toowoomba (R) $305,000 $305,000 $311,750 2.2% 2.2% 454
Redland (C) $490,000 $451,000 $445,000 -9.2% -1.3% 428
Mackay (R) $410,000 $412,000 $418,000 2.0% 1.5% 381
Rockhampton (R) $335,000 $340,000 $320,000 -4.5% -5.9% 325
Fraser Coast (R) $315,000 $310,000 $290,000 -7.9% -6.5% 274
Bundaberg (R) $285,000 $290,000 $293,000 2.8% 1.0% 263
Gladstone (R) $380,000 $421,000 $444,500 17.0% 5.6% 252
Queensland $430,000 $420,000 $407,499 -5.2% -3.0% 10,649
Source: Department of Environment and Resource Management
Table 4 - DETACHED HOUSES
June Quarter 201115 LARGEST LGAsin order of population
Note that the number of sales for the June quarter 2011 represent approximately 70% of total
sales, as not all sales records have been processed.
Percentage change in median sales prices
Records with insufficient geographic detail have been excluded.
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Flat/unit prices
Chart 7 shows the median at/unit price in Queensland had
not changed from the previous quarter and was recorded as
$350,000 as at June Quarter 2011. Also shown in Chart 7 are
median at/unit prices for Queenslands 15 most populated
LGAs, listed in descending order of population.
Gladstone recorded the highest median at/unit price at
$442,500. Brisbane, Gold Coast, Redland and Sunshine
Coast also recorded median at/unit prices above or equal
to the median price for Queensland ($395,000, $365,000,
$352,500 and $350,000 respectively). There was a signicant
difference to the next highest LGA with Moreton Bay recording
a median at/unit price of $315,000, $35,000 below the
Queensland median.
Cairns and Toowoomba recorded the most affordable median
at/unit prices for the June Quarter 2011 at $205,000 and
$227,000 respectively.
Table 5 includes the percentage change in median at/unit
prices for Queensland and its 15 most populated LGAs, over
the quarter and over the year to June Quarter 2011. Given
the relatively small sales volumes for some of these LGAs,
percentage change over time may reect variances in the type
of ats/units sold in each quarter.
Queenslands median at/unit price was $350,000 over the
June Quarter representing no change from the March Quarter
2011. Over the year to June 2011, the Queensland median
price for this dwelling type recorded a decline of $15,000 or-4.1%.
Over the quarter, there was a signicant increase in median
at/unit prices for Gladstone, with an increase of 29% or
$100,000, rising from $342,500 in the March Quarter 2011 to
$442,500 in the June Quarter 2011.
Other changes of note over the June quarter include: another
increase in median at/unit price recorded for the Fraser
Coast, up 5.8% or $15,000 after a 16.7% increase to the
March Quarter 2011, though still $10,000 below the median
price for this LGA in June 2010; decreases in median prices
for Toowoomba and Rockhampton, both down 11% ($28,000
and $32,000 respectively); no change for the Gold Coast; and
a $22,000 decrease for Cairns.
Similar to the year to March quarter 2011, twelve out of the
states 15 most populated LGAs recorded a decrease in
median at/unit prices over the year to June Quarter 2011. In
contrast to the year to March Quarter 2011 where Gladstone
recorded the most signicant decrease in median price
(down $50,000 or 13.5%), for the year to June Quarter 2011
Gladstone recorded the largest increase rising 24.5% or
$84,000 to a median price of $442,500. The only other two
increases recorded for the year to June Quarter 2011 were
for Ipswich (up 9.6% or $25,000) and Bundaberg (up 5.4%
or $13,000). The most signicant of the decreases were
recorded for Cairns (down $80,000 or 28.1%) and Sunshine
Coast (down 9.1% or $35,000).
Home Ownership
Median flat/unit price(as at June quarter 2011)
$255,000
$260,000
$305,000
$227,000
$285,000
$205,000
$300,000
$261,500
$315,000
$350,000
$352,500
$350,000
$272,500
$442,500
$365,000
$395,000
$0 $200,000 $400,000 $600,000
Gladstone (R)
Bundaberg (R)
Fraser Coast (R)
Rockhampton (R)
Mackay (R)
Redland (C)
Toowoomba (R)
Ipswich (C)
Cairns (R)
Townsville (C)
Logan (C)
Sunshine Coast (R)
Moreton Bay (R)
Gold Coast (C)
Brisbane (C)
Queensland
LGAs
Median flat/unit price ($)
Source: Department of Environment and Resource Management
Chart 7
Jun Qtr2010
Mar Qtr2011
Median$sales
Median$sales
Median$sales
% Changeover year
% Changeover qtr
No.sales
Brisbane (C) $411,000 $392,750 $395,000 -3.9% 0.6% 1,179
Gold Coast (C) $374,000 $365,000 $365,000 -2.4% 0.0% 1,035
Moreton Bay (R) $339,925 $320,000 $315,000 -7.3% -1.6% 193
Sunshine Coast (R) $385,000 $355,000 $350,000 -9.1% -1.4% 397
Logan (C) $262,500 $268,250 $261,500 -0.4% -2.5% 102
Townsville (C) $326,000 $317,500 $300,000 -8.0% -5.5% 101
Cairns (R) $285,000 $227,000 $205,000 -28.1% -9.7% 173
Ipswich (C) $260,000 $292,500 $285,000 9.6% -2.6% 40
Toowoomba (R) $241,165 $255,000 $227,000 -5.9% -11.0% 61
Redland (C) $363,750 $345,000 $352,500 -3.1% 2.2% 54
Mackay (R) $317,500 $303,750 $305,000 -3.9% 0.4% 53
Rockhampton (R) $270,000 $292,000 $260,000 -3.7% -11.0% 35
Fraser Coast (R) $282,500 $257,500 $272,500 -3.5% 5.8% 31
Bundaberg (R) $242,000 $248,500 $255,000 5.4% 2.6% 27
Gladstone (R) $355,500 $342,500 $442,500 24.5% 29.2% 61
Queensland $365,000 $350,000 $350,000 -4.1% 0.0% 3,642
Source: Department of Environment and Resource Management
Note that the number of sales for the June quarter 2011 represent approximately 70% of total
sales, as not all sales records have been processed.
Records with insufficient geographic detail have been exc luded.
Table 5 - FLATS/UNITS
Percentage change in median sales prices
15 LARGEST LGAsin order of population
June Quarter 2011
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Vacant land prices
Chart 8 shows the median vacant land price in Queensland
was $185,000 as at June Quarter 2011. Also shown in Chart
8 are median vacant land prices for Queenslands 15 most
populated LGAs, listed in descending order of population.
Brisbane and the Sunshine Coast recorded the highest
median vacant land prices at $285,000 and $260,000
respectively, signicantly higher than the Queensland median.Gold Coast, Gladstone, Logan and Moreton Bay form the
next tier of LGAs with median prices above the state average,
followed by Ipswich, Mackay Cairns and Townsville.
With the exception of Redland, whose median vacant land
price was driven down by a signicantly higher number of
island sales, the following LGAs had the most affordable
median vacant land price of the LGAs shown: Fraser
Coast ($132,500), Toowoomba ($141,000) and Bundaberg
($141,250).
Rockhampton ($157,500), Townsville ($168,950) and Cairns
($169,500) median vacant land prices were also under the
Queensland median for the quarter.
Table 6 includes the percentage change in median vacant
land prices for Queensland and its 15 most populated LGAs,
over the quarter and over the year to June Quarter 2011.
In line with the trend recorded for detached houses for
the same period, Queenslands median vacant land price
decreased by 2.6% (or $5,000) over the quarter to $185,000.
Over the year to June Quarter 2011 Queenslands median
vacant land price declined 2.5% (or $4,750) which was in line
with recorded declines for detached houses and ats/units
over the year.
Over the quarter, Gladstone recorded the largest increase in
median vacant land price (up $25,000 or 12.8%), followed
by Rockhampton (up $8,000 or 5.4%) and Townsville (up
2.5% or $4,200). Twelve of the fteen LGAs shown recorded
declines in median vacant land price over the June Quarter
2011 with the Gold Coast recording the largest decline (down
$25,000 or 9.8%). Redland ($24,500 or 28.0%), Cairns
($20,500 or 10.8%), Toowoomba ($19,000 or 11.9%), Logan
($15,250 or 6.8%) and the Sunshine Coast ($15,000 or 5.5%)
also recorded declines in median vacant land price over the
quarter.
Over the year to June 2011 the strongest increase in median
vacant land prices occurred in Gladstone (up $35,700 or
19.4%), Bundaberg, Rockhampton and Cairns also showed
strong growth over the year. Excluding Redland, the sharpest
decline in median vacant land prices over the year to June
Quarter 2011 occurred in the Gold Coast (down $25,000 or
9.8%). Declines over the year in median vacant land prices
also occurred in Brisbane, Logan, Moreton Bay, Sunshine
Coast, Fraser Coast, Toowoomba, Townsville and Mackay.
Home Ownership
Median vacant land price(as at June quarter 2011)
$141,250
$157,500
$141,000
$179,000
$168,950
$185,000
$285,000
$228,999
$220,000
$132,500
$260,000
$63,000
$178,500
$205,000
$209,750
$169,500
$0 $200,000 $400,000
Gladstone (R)
Bundaberg (R)
Fraser Coast (R)
Rockhampton (R)
Mackay (R)
Redland (C) *
Toowoomba (R)
Ipswich (C)
Cairns (R)
Townsville (C)
Logan (C)
Sunshine Coast (R)
Moreton Bay (R)
Gold Coast (C)
Brisbane (C)
Queensland
LGAs
Median land price ($)
Source: QVAS, Department of Environment and Natural Resources
Chart 8
*The significantly lower March quarter 2011 median sales price for Redland (C) is a result of a higherproportion of land sales attributed to the islands located within this Local Government Area.
Source: Department of Environment and Resource Management
Jun Qtr2010
Mar Qtr2011
Median$sales
Median$sales
Median$sales
% Changeover year
% Changeover qtr
No.sales
Brisbane (C) $300,000 $296,000 $285,000 -5.0% -3.7% 135
Gold Coast (C) $254,000 $254,000 $228,999 -9.8% -9.8% 94
Moreton Bay (R) $210,000 $211,000 $205,000 -2.4% -2.8% 212
Sunshine Coast (R) $263,000 $275,000 $260,000 -1.1% -5.5% 120
Logan (C) $224,950 $225,000 $209,750 -6.8% -6.8% 98
Townsville (C) $170,995 $164,750 $168,950 -1.2% 2.5% 96
Cairns (R) $165,000 $190,000 $169,500 2.7% -10.8% 84
Ipswich (C) $178,050 $183,000 $179,000 0.5% -2.2% 141
Toowoomba (R) $145,000 $160,000 $141,000 -2.8% -11.9% 99
Redland (C) * $193,750 $87,500 $63,000 -67.5% -28.0% 71
Mackay (R) $183,000 $187,500 $178,500 -2.5% -4.8% 92
Rockhampton (R) $152,000 $149,500 $157,500 3.6% 5.4% 102
Fraser Coast (R) $144,500 $145,000 $132,500 -8.3% -8.6% 82
Bundaberg (R) $135,000 $142,500 $141,250 4.6% -0.9% 58
Gladstone (R) $184,300 $195,000 $220,000 19.4% 12.8% 111
Queensland $189,750 $190,000 $185,000 -2.5% -2.6% 2,038
Source: Department of Environment and Resource Management
*The significantly lower June quarter 2011 median sales price for Redland (C) is a result of a
higher proportion of land sales attributed to the islands located within this Local Government
Area.
15 LARGEST LGAsin order of population
June Quarter 2011
Table 6 - VACANT LAND
Percentage change in median sales prices
Records with insufficient geographic detail have been excluded.
Note that the number of sales for the June quarter 2011 represent approximately 70% of total
sales, as not all sales records have been processed.
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Housing and Homelessness Serviceswww.housing.qld.gov.au Queensland housing market report June Quarter 2011
Housing fnance and planned
residential construction
New loans by dwelling type
New loans (excluding renancing) taken out in Queensland
by owner occupiers for home purchase are shown in Chart
9 for the year to June Quarter 2011. This is broken down
further into type of purchase, including the purchase of new
dwellings, established dwellings and the construction of new
dwellings.
The 17,309 loans taken out by owner occupiers for the June
Quarter 2011 represents an increase of 1,031 loans (6.3%)
on the March Quarter 2011 gure. New loans taken out in the
June Quarter 2011 are down 1,762 loans or 9.24% over the
year.
This decline in new loans over the year has occurred across
all dwelling types: loans for purchases of new dwellings have
declined by 9.6% (or 89 loans); loans for construction of new
dwellings have declined by 19.2% (or 603 loans); and loans
for purchase of established dwellings have declined by 7.1%
(or 1,070 loans).
New loans by buyer type
New loans for dwelling purchase in Queensland over the year
to June Quarter 2011 are shown in Chart 10. New loans for
dwelling purchase are broken down by rst home buyers,
investors and non-rst home buyers.
A total of 3,902 Queensland homebuyers bought their rst
property in June quarter 2011, reecting a slight increase in
new loans across the June Quarter 2011. This gure is up
7.3% over the quarter.
On average, over the year to June 2011 there were 3,929 rst
homebuyers per quarter, signicantly less than the average
of 6,706 per quarter for the previous year (to June 2010) who
took advantage of the First Home Owners Grant Boost (ap-
plicable to contracts made between 14 October 2008 and 31
December 2009 inclusive).
The number of estimated new loans taken out by investors
increased by 1,541 loans (17.6%) over June Quarter 2011,
though this gure is down 2,149 loans (-17.3%) on the JuneQuarter 2010 gure.
Home Ownership
Queensland new loans for dwelling purchase
by buyer type(Quarterly, June 2010 - June 2011)
23,496 23,513 24,940
19,827 21,505
12,425 10,62311,285
8,735
10,276
3,7163,873
4,335
3,6363,902
0
10,000
20,000
30,000
40,000
50,000
Jun. qtr 2010 Sep. qtr 2010 Dec. qtr 2010 Mar. qtr 2011 Jun. qtr 2011
Numberofloans
First home buyers
Investors*
Non-first home buyers
38,00939,637 35,68332,19840,560
* The number of investors is an estimate based on the total value of
investor loans in Queensland, divided by non-first home buyeraverage loan size (BIS Shrapnel method). Note investor estimates
have been revised from those shown in previous reports.
Chart 9
Source: Australian Bureau of Statistics, Department of Communities
Breakdown of new loans in Queensland for home purchase by
owner occupiers*
(Quarterly, June 2010 - June 2011)
15,002 15,02616,349
13,351 13,932
3,146 3,164
2,937
2,2322,543
923851
893
695834
0
5,000
10,000
15,000
20,000
25,000
Jun. qtr 2010 Sep. qtr 2010 Dec. qtr 2010 Mar. qtr 2011 Jun. qtr 2011
Numberofloans
Purchase of established dwellings Construction of dwellings Purchase of new dwellings
20,17919,04119,071
17,30916,278
Chart10
Source: Australian Bureau of Statistics * Excluding refinancing loans
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Housing and Homelessness Serviceswww.housing.qld.gov.au Queensland housing market report June Quarter 2011
Economic Update
Dwelling approvals
Seasonally adjusted residential dwelling approvals for the
private sector in Queensland are shown in Chart 11. Monthly
gures from June 2009 through to June 2011 are outlined for
new houses and other new residential dwellings (ats/units/
townhouses).
There has been a notable decline in dwelling approvals for
the construction of new houses since January 2010, reaching
a low point in early 2011 and showing signs of improvement
over the June Quarter 2011. Over the year to June Quarter
2011 there were 6619 fewer approvals for the construction
of new houses than there was for the year to June 2010. On
average, there were 1,349 new house approvals per month
over the six months to June 2011, notably lower than the
monthly average of 1,565 approvals over the preceding six
months.
Dwelling approvals for all other residential dwellings for the
quarter to June 2011 increased by 573 and totalled 2660,
representing an improvement of 21.17% on the March Quarter
2011. There was an 8.7% increase in approvals between the
year to June 2010 and the year to June 2011.
The Queensland Government announced a $10,000 Building
Boost Grant (applicable to contracts made between 1 August
2011 and 31st of January 2012).
Queensland Treasury notes that dwelling investment is
likely to remain subdued for the second half of 2011. This
outlook reects a number of factors including a moderationin population growth, higher interest rates and tight credit
conditions 1.
1 Queensland Economic Review August 2011, pg 1.
This update provides an overview of how the Queensland
economy is performing in terms of economic growth,
unemployment and interest rates.
Economic growthQueenslands economic performance, measured by
percentage growth in Gross State Product (GSP), is shown in
Chart 12, over the March Quarter and over the year to March
Quarter, for 2010 and 2011. Note the March Quarter 2011
data represents the most recent quarterly statistics available
from OESR.
The Queensland economy had negative growth of -1.4% over
the March Quarter 2011, compared to growth of 1.1% for the
March Quarter 2010. Queenslands economic performance
dropped to -2.1% over the year to March Quarter 2011.
ECONOMIC UPDATE
Queensland residential dwelling approvals(Seasonally adjusted, private sector, monthly, June 2009 to June 2011)
1,486
1,9461,461
1,320
771
352
565
709
0
500
1,000
1,500
2,000
2,500
Jun2009
Sep2009
Dec2009
Mar2010
Jun2010
Sep2010
Dec2010
Mar2011
Jun2011
Numberofdwellings
New houses
Other new residential dwellings
Chart 11
Source: Australian Bureau of Statistics
Queensland's economic performance
(Gross State Product)(% change, CVM*, trend**, December 2009 and 2010)
1.1%
1.6%
-2.1%
-1.4%
-3.0%
-2.0%
-1.0%
0.0%
1.0%
2.0%
3.0%
% change over qtr % change over
year
% change over qtr % change over
year
Mar quarter 2010 Mar quarter 2011
Chart 12
* CVM refers to Chain Volume Measure, which removes the impacts of price changes over time. The CMV
reference year is 2008-09. ** Trend figures are also used, as opposed to original or seasonally adjusted.
Source: Office of Economic and Statistical Research, Queensland Treasury
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Housing and Homelessness Serviceswww.housing.qld.gov.au Queensland housing market report June Quarter 2011
Economic Update
Population growth or 3 bedroomChart 13 illustrates the total quarterly population change
in Queensland over the year to December Quarter 2010,
the most recent quarterly statistics available from the ABS.
The components driving population change in Queensland,
including natural increase, net overseas migration (NOM)
and net interstate migration, are also shown.
Queenslands estimated population at 31 December 2010
was 4,548,661 persons, accounting for 20.2% of the
Australian population. Queenslands population increased
by an estimated 76,040 persons over the 12 months to 31
December 2010. This represented a growth rate of 1.7%,
the third highest rate of population growth of all states and
territories, and higher than for Australia (1.5%).
The absolute increase in Queenslands population for the
December Quarter 2010 was an estimated 16,392 persons
and represents a slight decrease on the gures recorded
for the previous quarter (18,419). However, the previous
quarters gures showed the smallest quarterly growth in
population recorded since June Quarter 2001.
Natural increase contributed to a gain of 8,296 persons
in the December Quarter 2010 down 10.25% or 947
persons on the September Quarter 2010. Natural increase
represented 51% of the population change for the quarter.
Net overseas migration has contributed signicantly to
Queenslands population growth in recent years, however
the 6,288 persons gained through NOM in the DecemberQuarter 2010 was the lowest recorded since the June
Quarter 2006. Queensland Treasury notes that Changes to
migration rules and improvements in economic conditions
in some key source countries has slowed net overseas
migration ows since March 2009.2 Additionally, BIS
Shrapnel has noted that the poor economic environment in
Queensland has weakened its pulling power as an attractive
migration destination 3.
Persons migrating to Queensland from interstate numbered
1,808 persons in the December Quarter 2010, down 1,156
persons or 39% over the year. On average, 2,394 persons
migrated to Queensland per quarter in 2010, signicantly
lower than the average of 4,597 per quarter in 2009.Whilst net interstate migration to Queensland has been
gradually declining since 2002/03, Queensland Treasury
notes the easing recorded in 2009/10 can be attributed to
weaker economic growth nationally, impacting on interstate
migratory ows.
Interest ratesThe Reserve Bank of Australias (RBA) cash rate along with
variable and 3 year xed home loan interest rates for banks
and non-banking nancial institutions is shown in Chart
14, for June 2009 to June 2011. The last cash rate rise
was in November 2010 from 4.50% to 4.75%. The banks
and non-bank lenders followed suit, raising their home loan
rates beyond the ofcial cash rate increase to 7.80% and
7.35% respectively. The non-bank lenders rate has since
decreased to 7.30% in February and 7.20% in April 2011.
On August 2, 2011 at the RBA Boards Monetary Policy
Meeting it was stated that the Board judged that it was
prudent to maintain the current setting of monetary policy,
particularly in view of the acute sense of uncertainty in
global nancial markets over recent weeks. 4
2 Queensland Economic Review January 2011 pg 2.3 Building Industry Prospects January 2011, pg 2.4 Statement on Monetary Policy Decision, August 2011.
Components of Queensland population change
(Quarterly, December 2009 - December 2010)
11,055 11,462
8,2019,243
8,296
8,520
10,876
6,943
7,488
6,288
2,964
1,430
2,317
1,688
1,808
0
5,000
10,000
15,000
20,000
25,000
Dec. qtr 2009 Mar . q tr 2 01 0 J un . q tr 2 01 0 Sep . q tr 2 01 0 Dec . q tr 2 01 0
Numberofpersons
Natural increase Net overseas migration Net interstate migration
22,539
18,41917,461
Chart 13
Source: Australian Bureau of Statistics
23,768
*
* Approximately 1,800 births registered in December quarter 2009 occurred in
2008 and earlier as a result of the Queensland registry finalising birth
registrations which were previously incomplete (i.e. r etrospective birth
registrations).
16,392
Recent changes in home loan rates and the
RBA target cash rate(Monthly, June 2009 - June 2011)
4.75%
3.00%
4.00%
7.80%
5.80%
6.90%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
Jun-2009
Sep-2009
Dec-2009
Mar-2010
Jun-2010
Sep-2010
Dec-2010
Mar-2011
3 year fixed home loan rate
Variable non-bank home loan rate
RBA target cash rate
Variable bank home loan rate
Chart 14
Source: Reserve Bank of Australia
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Housing and Homelessness Serviceswww.housing.qld.gov.au Queensland housing market report June Quarter 2011
Wages & Prices
By examining trends in wages growth and consumer prices
over time, a perspective can be formed on how changes in
these indicators impact the ability of Queensland households
to afford costs associated with housing.
Chart 15 shows the quarterly seasonally adjusted
percentage changes in Average Weekly Earnings (AWE) forQueensland over the year to May Quarter 2011. Note that
AWE data is reported on a different quarterly basis to other
ABS data provided in this Report. There was a recovery in
AWE growth for the May Quarter 2011 with an increase of
1.4% since February Quarter 2011.
Chart 7 shows median prices forats/units as at December 2004 andDecember 2009. Observable trendsinclude:
Chart 16 shows the quarterly percentage changes for Bris-
bane in the overall Consumer Price Index (CPI) as well as
the Housing component of the CPI which measures the price
changes of items such as rents, utilities, housing purchases,
rates, repairs and maintenance. Note that CPI data is avail-
able at the national level and capital city level only.
Percentage growth in the overall CPI for Brisbane rose to
1.0% over the June Quarter 2011, compared to 1.3% in the
previous quarter. Queensland Treasury notes the rise in CPIis largely reecting the ow-on effect of the natural disasters
on food prices .
The RBA has notes that year-ended CPI ination has been
high, affected by the extreme weather events earlier in the
year. As these effects reverse over the next couple of quar-
ters, CPI ination should decline.5
5 Statement on Monetary Policy Decision, August 2011.
Economic Update
Queensland average weekly earnings
(Full-time adult ordinary time earnings)(% quarterly change, seasonally adjusted, May 2010 to May 2011)
2.1%
1.4%
0.1%
0.8%
-0.1%
-0.5%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
May qtr. 2010 Aug. qtr 2010 Nov. qtr 2010 Feb. qtr 2011 May. qtr 2011
Chart 15
Source: Australian Bureau of Statisitics
Brisbane's price level changes(% quarterly change, June 2010 to June 2011)
0.5%
1.0%
2.8%
0.4%0.5%
0.7%
1.0%
1.3%
0.5%0.5%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
Jun. qtr 2010 Sep. qtr 2010 Dec. q tr 2010 Mar. q tr 2011 Jun. qtr 2011
Brisbane CPI
Brisbane CPI housing
component
Chart 16
Source: Australian Bureau of Statisitics
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Housing and Homelessness Serviceswww.housing.qld.gov.au Queensland housing market report June Quarter 2011
Unemployment
Chart 17 shows the monthly seasonally adjusted
unemployment rate for Queensland and Australia for the
year to June 2011. The unemployment rate is measured as
the percentage of the labour force which is unemployed and
looking for part or full time work.
The Queensland unemployment rate had been trendingupwards since September 2010 reaching 6.0% in December
2010. From January 2011 onwards unemployment has
declined dropping to 5.5% for the March Quarter 2011 5.3%
in the June Quarter 2011. Queenslands unemployment
rate continues to track above the rate for Australian
unemployment (4.9%).
In looking forward, Queensland Treasury notes that While
recent heightened nancial market volatility may weight on
business condence and short term hiring intentions, leading
indicators such as ABS job vacancies, suggested jobs growthwill strengthen later in 2011. This should be supported by
a recovery in agricultural employment following the oods
and continued momentum in resources-related business
investment.6
6 Queensland Economic Review August 2011, pg 2.
Economic Update
Queensland's rate of unemployment(Monthly, seasonally adjusted, June 2010 to June
2011)
5.4%5.3%
6.0%
6.0%
5.5%
4.9%4.9%4.9%
5.1%5.1%
4.0%
4.5%
5.0%
5.5%
6.0%
6.5%
7.0%
Jun-2010
Jul-2010
Aug-2010
Sep-2010
Oct-2010
Nov-2010
Dec-2010
Jan-2011
Feb-2011
Mar-2011
Apr-2011
May-2011
Jun-2011
Unemploymentra
te
Queensland unemployment rate
Australian unemployment rate
Chart 17
Source: Australian Bureau of Statistics
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Housing and Homelessness Serviceswww.housing.qld.gov.au Queensland housing market report June Quarter 2011
Private rental tables
HOUSING AND ECONOMIC STATISTICS TABLES
Housing and Economic Statistics Tables
Housing and Economic Statistics Tables provide a further private rental and home ownership data and other indicators such
as the consumer price index by capital city, average loan by states sizes and rates of unemployment by states.
Jun Qtr2010
Mar Qtr2011
Median$rent
Median$rent
Median$rent
% Changeover year
% Changeover qtr
New bonds
Gympie (R) $245 $250 $250 2.0% 0.0% 174
Tablelands (R) $263 $270 $270 2.9% 0.0% 150
Scenic Rim (R) $305 $295 $300 -1.6% 1.7% 107Lockyer Valley (R) $263 $260 $275 4.8% 5.8% 117
Southern Downs (R) $235 $230 $240 2.1% 4.3% 152
Whitsunday (R) $350 $330 $320 -8.6% -3.0% 190
South Burnett (R) $220 $230 $235 6.8% 2.2% 163
Western Downs (R) $270 $260 $270 0.0% 3.8% 136
Cassowary Coast (R) $260 $278 $283 8.7% 1.8% 92
Central Highlands (R) $400 $400 $490 22.5% 22.5% 94
Isaac (R) $550 $600 $440 -20.0% -26.7% 119
Mount Isa (C) $450 $465 $500 11.1% 7.5% 68
Somerset (R) $275 $270 $260 -5.5% -3.7% 62
Burdekin (S) $250 $260 $243 -3.0% -6.7% 68
Banana (S) $300 $260 $300 0.0% 15.4% 78
Maranoa (R) $300 $330 $345 15.0% 4.5% 55
Charters Towers (R) $240 $260 $245 2.1% -5.8% 52
Hinchinbrook (S) $235 $230 $260 10.6% 13.0% 40
Goondiwindi (R) $230 $240 $260 13.0% 8.3% 41
North Burnett (R) $180 $200 $190 5.6% -5.0% 37
Murweh (S) $198 $210 $193 -2.5% -8.3% 12
Longreach (R) $255 $253 $270 5.9% 6.9% 15Cloncurry (S) $320 $350 $300 -6.3% -14.3% 8
Queensland $330 $340 $340 3.0% 0.0% 13,192
Source: Residential Tenancies Authority
Table 7 - 3 BEDROOM DETACHED HOUSES
Regional rental prices (quarterly)
OTHER LARGE LGAs(in order of population)
June quarter 2011
LGAs with populations between 20,000 to less than 50,000
LGAs with populations between 10,000 to less than 20,000
LGAs with populations between 3,000 to less than 5,000
Note that LGAs with less than 10 rental bonds have not been shown.
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Housing and Economic Statistics Tables
Jun Qtr2010
Mar Qtr2011
Median$rent
Median$rent
Median$rent
% Changeover year
% Changeover qtr
New bonds
Gympie (R) $185 $186 $175 -5.4% -5.8% 46
Tablelands (R) $190 $190 $200 5.3% 5.3% 54
Scenic Rim (R) $210 $200 $200 -4.8% 0.0% 25
Lockyer Valley (R) $215 $228 $230 7.0% 1.1% 23
Southern Downs (R) $160 $190 $185 15.6% -2.6% 61
Whitsunday (R) $260 $250 $250 -3.8% 0.0% 194
South Burnett (R) $178 $180 $180 1.4% 0.0% 50
Western Downs (R) $210 $230 $210 0.0% -8.7% 39
Cassowary Coast (R) $180 $210 $208 15.3% -1.2% 94
Central Highlands (R) $285 $250 $320 12.3% 28.0% 41
Isaac (R) $225 $250 $225 0.0% -10.0% 13
Mount Isa (C) $310 $320 $350 12.9% 9.4% 95
Burdekin (S) $180 $180 $180 0.0% 0.0% 53
Banana (S) $210 $205 $200 -4.8% -2.4% 15
Maranoa (R) $183 $220 $245 34.2% 11.4% 10
Charters Towers (R) $183 $185 $163 -11.0% -12.2% 10
Hinchinbrook (S) $163 $178 $185 13.8% 3.7% 27
Goondiwindi (R) $170 $170 $165 -2.9% -2.9% 37
Queensland $100 $100 $130 30.0% 30.0% 7
Source: Residential Tenancies Authority
LGAs with populations between 20,000 to less than 50,000
LGAs with populations between 10,000 to less than 20,000
Note that LGAs with less than 10 rental bonds have not been shown.
Table 8 - 2 BEDROOM FLATS/UNITS
Regional rental prices (quarterly)
OTHER LARGE LGAs(in order of population)
June Quarter 2011
Centrelink, Australian Government July 2011
FAMILY SITUATIONMaximum payment
per fortnight
No payment if your
fortnightly rent is
less than
Maximum payment
if your fortnightly
rent is more than
Single, no dependent children $116.40 $103.60 $258.80
Single, sharer, no dependent children $77.60 $103.60 $207.07Couple, no dependent children $109.80 $168.60 $315.00
One of a couple who are separated due to illness, nochildren*
$116.40 $103.60 $258.80
One of a couple who are temporaily separated, no
children$109.80 $103.60 $250.00
Single, 1 or 2 children $136.78 $136.36 $318.73
Single, 3 or more children $154.56 $136.36 $342.44
Couple, 1 or 2 children $136.78 $201.74 $384.11
Couple, 3 or more children $154.56 $201.74 $407.82
Source: http://www.centrelink.gov.au/internet/internet.nsf/payments/rent_assistance.htm
Special rules apply if you are single sharer, pay board and lodging or live in a retirement village.
* Includes respite care and partner in prison.
Table 9 - RENT ASSISTANCE RATES
No dependents
With dependents
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Home ownership tables
Housing and Economic Statistics Tables
Jun Qtr 2010 Mar Qtr 2011
Median $sales Median $sales Median $sales% Changeover year
% Changeover qtr
No.sales
Gympie (R) $320,000 $296,250 $309,000 -3.4% 4.3% 112Tablelands (R) $322,000 $320,000 $315,000 -2.2% -1.6% 92
Scenic Rim (R) $400,000 $413,750 $387,000 -3.3% -6.5% 72
Lockyer Valley (R) $320,000 $315,000 $292,500 -8.6% -7.1% 74
Southern Downs (R) $257,500 $275,000 $275,000 6.8% 0.0% 81
Whitsunday (R) $385,000 $380,000 $342,500 -11.0% -9.9% 68
South Burnett (R) $259,000 $256,750 $240,000 -7.3% -6.5% 79
Western Downs (R) $274,500 $275,000 $269,000 -2.0% -2.2% 79
Cassowary Coast (R) $300,000 $281,000 $228,000 -24.0% -18.9% 33
Central Highlands (R) $345,000 $367,500 $378,000 9.6% 2.9% 123
Isaac (R) $420,000 $430,000 $470,000 11.9% 9.3% 88
Mount Isa (C) $370,000 $345,000 $352,500 -4.7% 2.2% 68Somerset (R) $325,000 $310,000 $310,000 -4.6% 0.0% 37
Burdekin (S) $250,000 $265,000 $225,000 -10.0% -15.1% 30
Banana (S) $252,500 $305,000 $249,500 -1.2% -18.2% 34
Maranoa (R) $285,000 $343,000 $275,000 -3.5% -19.8% 46
Charters Towers (R) $250,000 $260,000 $216,500 -13.4% -16.7% 24
Hinchinbrook (S) $245,000 $260,000 $216,250 -11.7% -16.8% 18
Goondiwindi (R) $245,000 $160,000 $226,250 -7.7% 41.4% 18
North Burnett (R) $163,500 $175,000 $159,000 -2.8% -9.1% 20
Murweh (S) $162,500 $110,000 $155,000 -4.6% 40.9% 11Longreach (R) $235,000 $240,000 $205,000 -12.8% -14.6% 13
Queensland $430,000 $420,000 $407,499 -5.2% -3.0% 10,649
Source: Department of Environment and Resource Management
Table 10 - DETACHED HOUSES
Regional property prices (quarterly)
OTHER LARGE LGAs(in order of population)
June Quarter 2011
LGAs with populations between 20,000 to less than 50,000
LGAs with populations between 10,000 to less than 20,000
LGAs with populations between 3,000 to less than 5,000
Note that the number of sales for the March quarter 2011 represent approximately 70% of total sales, as not all sales records have been
processed. LGAs with less than 10 sales records have not been shown.
Records with insufficient geographic detail have been excluded.
Jun Qtr 2010 Mar Qtr 2011
Median $sales Median $sales Median $sales% Changeover year
% Changeover qtr
No.sales
Scenic Rim (R) $200,000 $265,000 $299,000 49.5% 12.8% 8
Whitsunday (R) $345,000 $287,500 $230,000 -33.3% -20.0% 23
Central Highlands (R) $280,000 $280,000 $316,000 12.9% 12.9% 10
Queensland $365,000 $350,000 $350,000 -4.1% 0.0% 3,642
Source: Department of Environment and Resource Management
LGAs with populations between 20,000 to less than 50,000
Note that the number of sales for the March quarter 2011 represent approximately 70% of total sales, as not all sales records have been
processed. LGAs with less than 10 sales records have not been shown.
Records with insufficient geographic detail have been excluded.
Table 11 - FLATS/UNITS
Regional property prices (quarterly)
OTHER LARGE LGAs(in order of population)
June Quarter 2011
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Housing and Economic Statistics Tables
Jun Qtr 2010 Mar Qtr 2011
Median $sales Median $sales Median $sales% Changeover year
% Changeover qtr
No.sales
Gympie (R) $132,000 $131,000 $124,000 -6.1% -5.3% 53
Tablelands (R) $118,000 $123,500 $147,000 24.6% 19.0% 26
Scenic Rim (R) $190,000 $206,500 $205,000 7.9% -0.7% 19
Lockyer Valley (R) $129,000 $135,000 $130,000 0.8% -3.7% 37
Whitsunday (R) $170,000 $148,000 $130,000 -23.5% -12.2% 48
South Burnett (R) $105,000 $105,000 $90,500 -13.8% -13.8% 34
Western Downs (R) $110,000 $117,500 $134,000 21.8% 14.0% 31
Cassowary Coast (R) $140,000 $185,000 $128,000 -8.6% -30.8% 14
Central Highlands (R) $137,500 $142,000 $105,000 -23.6% -26.1% 21
Somerset (R) $138,500 $143,000 $147,000 6.1% 2.8% 23Queensland $189,750 $190,000 $185,000 -2.5% -2.6% 2,038
Table 12 - VACANT LAND
Regional land prices (quarterly)
OTHER LARGE LGAs(in order of population)
June Quarter 2011
Source: Department of Environment and Resource Management
LGAs with populations between 20,000 to less than 50,000
Note that the number of sales for the March quarter 2011 represent approximately 70% of total sales, as not all sales records have been
processed. LGAs with less than 10 sales records have not been shown.
Records with insufficient geographic detail have been excluded.
NSW VIC QLD SA WA TAS NT ACT
June 2010 $314,200 $290,500 $279,400 $221,900 $286,700 $189,500 $264,600 $257,400
September 2010 $313,000 $286,500 $280,900 $224,000 $283,200 $188,200 $296,500 $275,400
December 2010 $320,000 $288,800 $272,500 $229,400 $277,500 $180,200 $279,900 $272,400
March 2011 $315,000 $285,600 $276,100 $224,500 $278,100 $186,400 $299,900 $274,200
June 2011 $325,300 $289,500 $275,400 $226,200 $264,700 $195,900 $273,300 $272,400
Annual % Change 3.5% -0.3% -1.4% 1.9% -7.7% 3.4% 3.3% 5.8%
Source: Australian Bureau of Statistics, Cat. No. 5609.0, Table 10c.
Table 13 - AVERAGE HOME LOAN SIZES IN AUSTRALIA
For all dwellings, by state (monthly)
Table 14- AVERAGE HOME LOAN SIZES IN QUEENSLAND
By dwelling and buyer type (monthly)
Constructionof dwellings
Purchase ofnew dwellings
Purchase ofestablisheddwellings
Refinancingof dwellings
All dwellingsFirst home
buyersNon-first
home buyers
June 2010 $299,800 $305,000 $275,600 $235,700 $279,400 $279,800 $279,300
September 2010 $287,200 $311,000 $279,100 $240,400 $280,900 $282,200 $280,700
December 2010 $275,000 $316,600 $270,600 $227,500 $272,500 $283,400 $270,600
March 2011 $288,000 $336,100 $272,800 $241,500 $276,100 $275,500 $276,200
June 2011 $275,000 $334,000 $273,100 $249,400 $275,400 $272,700 $275,900
Annual % Change -8.3% 9.5% -0.9% 5.8% -1.4% -2.5% -1.2%
*Note that 'Purchase of established dwellings' includes refinancing across lending institutions.
Source: Australian Bureau of Statistics, Catalogue 5609.0, Tables 9b and 10c
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Economic tablesHousing and Economic Statistics Tables
Private and public sector (monthly)
Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011% Changeover year
% Changeover qtr
Private Sector, new houses 1,671 1,791 1,299 1,539 1,446 -13.5% -6.0%
Public Sector, new houses 36 11 6 47 15 -58.3% -68.1%
Total Dwelling Approvals for New Houses 1,707 1,802 1,305 1,586 1,461 -14.4% -7.9%
Private Sector, other residential 914 801 974 374 779 -14.8% 108.3%
Public Sector, other residential 357 80 38 10 39 -89.1% 290.0%
Total Dwelling Approvals for Other
Residential Buildings1,271 881 1,012 384 818 -35.6% 113.0%
Private Sector, total dwelling approvals 2,585 2,592 2,273 1,913 2,225 -13.9% 16.3%
Public Sector, total dwelling approvals 393 91 44 57 54 -86.3% -5.3%
Total Dwelling Approvals* 2,978 2,683 2,317 1,970 2,279 -23.5% 15.7%
* Note that Total Dwelling Approvals excludes approvals for alterations and additions, and conversions, which represent a very small number.
Source: Australian Bureau of Statistics, Catalogue 8731.0, Table 14
Table 15 - QUEENSLAND RESIDENTIAL DWELLING APPROVALS
Cash rate and mortgage lender rates (monthly)
RBA cash rateChange in RBA
cash rate
Standard non-bank* variable
home loan rate
Change invariable non-
bank* rate
Standard bankvariable home
loan rate
Change invariable bank
rate
June 2010 4.50% 0.50% 6.95% 0.45% 7.40% 0.50%
September 2010 4.50% 0.00% 6.95% 0.00% 7.40% 0.00%
December 2010 4.75% 0.25% 7.35% 0.40% 7.80% 0.40%
March 2011 4.75% 0.00% 7.30% -0.05% 7.80% 0.00%June 2011 4.75% 0.00% 7.20% -0.10% 7.80% 0.00%
Table 16 - INTEREST RATES
* Non-Bank lenders refer to non-banking financial institutions that sell home loans, e.g. Aussie Home Loans.
Source: Reserve Bank of Australia, Statistical Tables: A02 and F05.
Jun. qtr
2010
Sep. qtr
2010
Dec. qtr
2010
Mar. qtr
2011
Jun. qtr
2011
% Change
over year
% Change
over qtr
Food 190.7 189.8 194.0 199.6 202.4 6.1% 1.4%
Alcohol and tobacco 290.6 299.5 301.8 305.0 307.0 5.6% 0.7%Clothing and footwear 107.5 109.0 106.9 106.1 108.7 1.1% 2.5%
Housing 159.7 163.3 164.3 166.4 167.1 4.6% 0.4%
Household contents and services 128.0 129.0 128.2 126.2 128.1 0.1% 1.5%
Health 266.8 264.8 261.7 271.9 277.4 4.0% 2.0%
Transportation 166.5 165.5 165.9 170.3 172.4 3.5% 1.2%
Communication 112.3 112.0 112.1 112.2 112.7 0.4% 0.4%
Recreation 135.6 136.5 136.8 136.0 135.2 -0.3% -0.6%
Education 313.8 314.2 314.2 332.2 332.2 5.9% 0.0%
Finance and Insurance services 110.7 111.2 110.7 113.6 115.4 4.2% 1.6%
Overall CPI* 172.1 173.3 174.0 176.7 178.3 3.6% 0.9%
* Note that the overall CPI is a weighted average of all groups of all the capital cities in Australia
Source: Australian Bureau of Statistics, Catalogue 6401.0, Tables 3 and 4
Table 17 - AUSTRALIAN CONSUMER PRICE INDEX COMPONENTS
Breakdown of all groups (quarterly)
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Housing and Economic Statistics Tables
Table 18 - CONSUMER PRICE INDEX
Jun. qtr
2010
Sep. qtr
2010
Dec. qtr
2010
Mar. qtr
2011
Jun. qtr
2011
% Change
over year
% Change
over qtr
Housing (all cities) 159.7 163.3 164.3 166.4 167.1 4.6% 0.4%
Sydney 165.0 168.8 170.1 171.9 173.4 5.1% 0.9%Melbourne 142.1 144.8 145.8 149.2 149.4 5.1% 0.1%
Brisbane 177.5 182.5 183.4 184.2 185.2 4.3% 0.5%
Adelaide 151.8 155.4 156.2 160.4 159.1 4.8% -0.8%
Perth 166.7 170.0 170.5 170.8 171.6 2.9% 0.5%
Hobart 159.7 164.1 164.4 167.4 167.9 5.1% 0.3%
Darwin 194.1 197.9 199.4 200.3 200.5 3.3% 0.1%
Canberra 168.1 170.6 171.3 172.7 173.1 3.0% 0.2%
Overall CPI (all cities) 172.1 173.3 174.0 176.7 178.3 3.6% 0.9%
Sydney 171.1 172.5 173.1 175.9 177.6 3.8% 1.0%
Melbourne 169.5 170.5 171.5 174.4 175.6 3.6% 0.7%
Brisbane 177.3 179.1 180.0 182.3 184.1 3.8% 1.0%Adelaide 175.0 176.6 177.1 180.0 181.8 3.9% 1.0%
Perth 173.2 174.0 174.1 176.1 178.4 3.0% 1.3%
Hobart 170.7 172.4 172.6 174.9 176.5 3.4% 0.9%
Darwin 170.1 171.9 171.8 173.7 175.4 3.1% 1.0%
Canberra 172.3 173.4 174.2 176.8 178.7 3.7% 1.1%
Source: Australian Bureau of Statistics, Catalogue 6401.0, Table 5
Australian capital cities (quarterly)
Table 19 - RATES OF UNEMPLOYMENT (not seasonally adjusted)
Jun. qtr2010
Sep. qtr2010
Dec. qtr2010
Mar. qtr2011
Jun. qtr2011
% Changeover year
% Changeover qtr
New South Wales 5.2% 5.1% 4.5% 5.4% 5.2% 0.0% -0.2%
Sydney 5.0% 4.9% 4.1% 5.1% 5.0% 0.0% -0.1%
Balance of New South Wales 5.5% 5.4% 5.3% 5.9% 5.5% 0.0% -0.4%
Victoria 5.3% 5.3% 4.7% 4.7% 4.5% -0.8% -0.3%
Melbourne 4.9% 4.7% 4.5% 4.5% 4.4% -0.5% 0.0%
Balance of Victoria 6.3% 6.8% 5.4% 5.5% 4.6% -1.7% -0.8%
Queensland 5.2% 5.3% 5.7% 6.2% 5.1% -0.1% -1.0%
Brisbane 4.5% 4.9% 5.7% 5.6% 3.7% -0.8% -1.8%Balance of Queensland 5.8% 5.6% 5.6% 6.7% 6.3% 0.5% -0.4%
South Australia 5.0% 5.5% 5.5% 5.7% 4.7% -0.3% -1.0%
Adelaide 4.9% 5.7% 5.9% 5.8% 4.6% -0.3% -1.2%
Balance of South Australia 5.3% 4.9% 4.3% 5.5% 5.0% -0.3% -0.5%
Western Australia 4.1% 4.7% 3.9% 4.7% 4.2% 0.2% -0.5%
Perth 4.3% 4.7% 3.9% 4.4% 4.1% -0.2% -0.3%
Balance of Western Australia 3.4% 4.7% 3.7% 5.6% 4.7% 1.3% -0.9%
Tasmania 6.0% 5.2% 5.3% 5.6% 5.0% -1.0% -0.5%
Hobart 4.0% 4.8% 4.7% 4.5% 4.2% 0.2% -0.3%
Balance of Tasmania 7.5% 5.5% 5.7% 6.3% 5.7% -1.8% -0.7%
Northern Territory 2.9% 2.8% 2.0% 3.0% 3.4% 0.5% 0.4%
Australian Capital Territory 3.2% 2.6% 3.2% 3.2% 4.0% 0.9% 0.8%Australia 5.0% 5.1% 4.8% 5.3% 4.8% -0.2% -0.5%
Source: Australian Bureau of Statistics, Catalogue 6291.0 Table 2
Across Australian capital cities and rural balances (monthly)