SunshineCoastRegionalReport2ndQtr2004

                                                                                                         There was positive price growth in median
DWELLING INVESTMENT                                                                                      weekly rents for all types of rental properties
                                                                                                         on the Sunshine Coast in the twelve months to
MEDIAN WEEKLY RENTS                                                                                      the June Quarter 2004.


MEDIAN WEEKLY RENTS OVERVIEW


  $                        Median Weekly Rents
                                Two Bedroom Flats
 260
                 Nambour                  Caloundra                Maroochy               Median weekly rents across the Sunshine Coast were higher for all flat
 240             Noosa                    Sunshine Coast
                                                                                          types in the June Quarter 2004 when compared to the June Quarter 2003.
 220
                                                                                          One-bedroom flats (up by 15.4% from the previous year) recorded the
 200
                                                                                          most significant growth in price.
 180

 160                                                                                      Median rental prices for flats were higher in Caloundra, Maroochy, Noosa
 140                                                                                      and Nambour with each flat type recording positive growth. The most
 120                                                                                      significant price increase was recorded in Caloundra City, where the
 100                                                                                      rental price for one bedroom flats increased by 28.0%.
  80
   Jun-00   Dec-00    Jun-01    Dec-01    Jun-02      Dec-02   Jun-03   Dec-03   Jun-04




                           Median Weekly Rents
  $
                               Three Bedroom Houses
                                                                                          Median rents across the Sunshine Coast were also higher for all house
 300
                 Nambour                  Caloundra                Maroochy               types in the June Quarter 2004 when compared to the same period a year
 280             Noosa                    Sunshine Coast
                                                                                          earlier. Two bedroom houses (up by 15.8% from the previous year)
 260                                                                                      recorded the most significant growth in the region and, combined with the
 240
                                                                                          strong growth in one-bedroom flats, indicates strong demand in smaller
                                                                                          tenancy properties. Overall, there has been significant price growth in the
 220
                                                                                          residential rental market over the past two years after remaining relatively
 200
                                                                                          stagnant throughout 1999, 2000 and 2001.
 180

 160                                                                                      Median weekly rents for houses were higher in Caloundra, Maroochy,
 140
                                                                                          Noosa and Nambour in the June Quarter 2004 when compared with a year
   Jun-00   Dec-00    Jun-01    Dec-01    Jun-02      Dec-02   Jun-03   Dec-03   Jun-04   earlier. The most significant growth was recorded in Maroochy Shire,
Source: Residential Tenancies Authority                                                   where rental prices for two-bedroom houses grew by 22.2% over the year,
                                                                                          followed by Nambour which recorded a 16.7% increase in three-bedroom
                                                                                          houses.




©0, Sunshine Coast Regional Economy, Second Quarter 2004                                                                                                      - 28 -