Planning Report IDAS Forms Cover letter, Owner's consent, Appendices 2- PLM minutes & 3 - Economic Needs - Email 1 of 4 MCU16/0153 & REC16/0041

5.0 RESIDENTIAL MARKET

5.1     PEREGIAN BEACH

Reported data on the Peregian Beach residential market has in recent times been augmented by
the Peregian Breeze estate, which whilst being defined within the Peregian Beach locality, is more
closely linked to, and part of the Peregian Springs locality thereby influencing reported sales rates
and mix.

FIGURE 5.1 illustrates the median house and unit sale prices and volumes within Peregian Beach
since 2001 which is largely commensurate with the locality.

        FIGURE 5.1: Median House and Unit Sales – Peregian Beach
  $800,000                                                                                                                                                                                                                                                                                                                160

  $700,000                                                                                                                                                                                                                                                                                                                140

  $600,000                                                                                                                                                                                                                                                                                                                120

  $500,000                                                                                                                                                                                                                                                                                                                100

  $400,000                                                                                                                                                                                                                                                                                                                80

  $300,000                                                                                                                                                                                                                                                                                                                60

  $200,000                                                                                                                                                                                                                                                                                                                40

  $100,000                                                                                                                                                                                                                                                                                                                20

       $0                                                                                                                                                                                                                                                                                                                 0
                                  Oct '02 - Sep '03

                                                      Oct '03 - Sep '04

                                                                          Oct '04 - Sep '05

                                                                                              Oct '05 - Sep '06

                                                                                                                  Oct '06 - Sep '07

                                                                                                                                      Oct '07 - Sep '08

                                                                                                                                                          Oct '08 - Sep '09

                                                                                                                                                                              Oct '09 - Sep '10

                                                                                                                                                                                                  Oct '10 - Sep '11

                                                                                                                                                                                                                      Oct '11 - Sep '12

                                                                                                                                                                                                                                          Oct '12 - Sep '13

                                                                                                                                                                                                                                                              Oct '13 - Sep '14

                                                                                                                                                                                                                                                                                  Oct '14 - Sep '15
              Oct '01 - Sep '02




                                                                                                                                                                                                                                                                                                      Oct '15 - Sep '16




                                                       House (RHS)                                                      Unit (RHS)                                            House (LHS)                                                 Unit (LHS)

        Source: PriceFinder

Despite the relieving pressure of stock within the Peregian Breeze, the median house price within
Peregian Beach was approximately $695,000 in the year to September 2016 whilst units were
$422,000. By comparison, the REIQ’s Market Monitor outlines median house prices to be 25%
higher at Peregian Beach compared to Peregian Springs and unit prices to be some 30% higher
as at the June Quarter 2016.




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