SunshineCoastRegionalReport2ndQtr2004

PROPERTY MARKET
CALOUNDRA CITY


PROPERTY MARKET OVERVIEW

Caloundra City recorded a 1.3% increase in median house prices in the March Quarter 2004, with Beerwah
recording the greatest increase in the quarter. However, median prices for townhouses / units fell 0.8% over
                                               the same period.
                                                              House and Townhouse/Unit Sales, Caloundra City – March Quarter 2004
                                                                                     House Sales                     Townhouse/Unit Sales
                                                                               No.      Value ($)   % change        No.    Value ($)   % change
                                                                                                    on Dec-03                          on Dec 03

                                     Caloundra LGA                                          326            364,500        1.3     167     289,000       -0.8
                                     Aroona                                                  15            339,500        5.4      n.a         n.a       n.a
                                     Battery Hill                                            18            339,500        0.4        7    405,500      113.4
                                     Beerwah                                                 17            245,000        8.9      n.a         n.a       n.a
                                     Buddina                                                 19            485,000       -3.5        7    268,000      -18.8
                                     Caloundra                                                 9           350,000        1.2      23     310,000        6.4
                                     Caloundra West                                            8           357,000        2.7      n.a         n.a       n.a
                                     Currimundi                                              37            355,000       -0.8        8    317,000       -4.5
                                     Dicky Beach                                               7           390,000      -14.7      11     266,000        2.3
                                     Glass House Mountains ^                                   9           280,000      -17.6      n.a         n.a       n.a
                                     Glass House Mountains                                     8           286,500        4.2      n.a         n.a       n.a
                                     Golden Beach                                            19            375,000        5.6      21     285,000      -15.2
                                     Kings Beach                                             n.a                n.a       n.a      21     352,000        5.4
                                     Landsborough                                            14            251,925        0.0      n.a         n.a       n.a
                                     Little Mountain                                         24            354,000        5.7        7    242,500        7.8
                                     Minyama                                                 13            445,000      -42.2      14     256,000        7.8
                                     Moffat Beach                                              7           357,500      -20.9      n.a         n.a       n.a
                                     Mooloolah Valley                                          9           280,000       -3.0      n.a         n.a       n.a
                                     Parrearra                                               16            466,250        6.0      19     320,000       -1.1
                                     Pelican Waters                                          21            505,000        6.4      n.a         n.a       n.a
                                     Warana                                                  18            394,000       -3.9      12     188,000       -9.3
                                     Wurtulla                                                24            240,500        0.2      n.a         n.a       n.a

                                     Note: n.a. – not available; ^ denotes large housesites (acreage).
                                     Source: REIQ



                           Median House Prices - Caloundra
                                  % Growth 1998/99 - 2003/04                                             The value of house prices in Caloundra City LGA was 1.3% higher in the
                    Aroona
           Pelican Waters                                                                                March Quarter 2004 at $364,500 when compared with the median of the
  Glass House Mountains ^
         Mooloolah Valley
           Little Mountain
                                                                                                         December Quarter 2003. There were a total of 326 house sales in
   Glass House Mountains
          Caloundra West
                                                                                                         Caloundra City in the March Quarter 2004, significantly more than the
                  Beerwah
                Currimundi                                                                               238 recorded in the December Quarter 2003. The most significant growth
            Landsborough
                   Wurtulla                                                                              in a single suburb in Caloundra City over the period was recorded in
                Battery Hill
           Golden Beach
                 Caloundra
                                                                                                         Beerwah, which experienced an 8.9% increase the median sale price.
                   Buddina
                   Warana
                  Bokarina
                  Minyama
             Moffat Beach
             Dicky Beach
                  Parrearra
                                                                                                         Median house prices have increased sharply across Caloundra City
                             0%          50%        100%          150%        200%         250%
                                                                                                         between the year ended March 1999 and the year ended March 2004.
                                                                                                         Median house prices in Parrearra, Dicky Beach, Moffat Beach and
               Median Unit & Townhouse Prices - Caloundra                                                Minyama have increased more than 200% over the five-year period.
                                   % Growth 1998/99 - 2003/04
       Battery Hill

        Beerwah

         Buddina                                                                                         The median value of unit and townhouse sales in the Caloundra City LGA
   Golden Beach                                                                                          was 0.8% lower at $289,000 in the March Quarter 2004 when compared
          Warana
                                                                                                         with the December Quarter 2003. The number of unit / townhouse sales in
     Dicky Beach

      Currim undi
                                                                                                         the March Quarter 2004 rose significantly to 167 when compared to the
   Little Mountain                                                                                       previous quarter (113 sales). The highest median sale price for units/
       Caloundra                                                                                         townhouses in the City was recorded in Battery Hill ($405,500), up
        Minyam a
                                                                                                         113.4% when compared to the previous quarter.
  Caloundra West

                      0%    20%    40%    60%     80%      100%   120%    140%    160%     180%


Source: REIQ




©0, Sunshine Coast Regional Economy, Second Quarter 2004                                                                                                                - 31 -