CoreLogic RP Data Weekend Market Summary

All data to week ending 7 June 2015

Despite low volumes, capital city clearance rates remain strong at 79.2 per cent
The preliminary auction clearance rate was recorded at 79.2 per cent this week across 872 auction results. Given the public holiday on
Monday, the number of homes taken to auction this week (1,155) has fallen in comparison to the previous week, when 2,792 homes were
taken to auction. Last week, the final auction clearance rate was recorded at 78.5 per cent, bringing the combined capital city clearance rate
for May to 78.4 per cent, only slightly lower than Aprils result (78.8 per cent).

Capital city auction statistics (preliminary)

Clearance
Total
rate
auctions

City

CoreLogic
RP Data
Cleared Uncleared
auction
auctions auctions
results

Clearance
Total
rate
auctions
(last year) (last year)

Sydney

90.1%

573

464

418

46

67.3%

577

Melbourne

78.4%

302

255

200

55

62.4%

335

Brisbane

52.2%

129

67

35

32

37.3%

95

Adelaide

69.0%

61

42

29

13

59.4%

78

Perth

38.1%

47

21

13

38.5%

38

Tasmania

50.0%

18.2%

24

Canberra
Weighted
Average

84.2%

38

19

16

52.6%

44

79.2%

1,155

872

708

164

60.6%

1,191

Weekly clearance rate, combined capital cities

90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Jun 09

Jun 10

Jun 11

Jun 12

Jun 13

Jun 14

Jun 15

The above results are preliminary, with final auction clearance rates published each Thursday. CoreLogic RP Data, on average, collects between 85% and
90% of auction results each week. Clearance rates are calculated across properties that have been taken to auction over the past week.

Weekly clearance rate, Melbourne

100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Jun 09

Jun 10

Jun 11

Jun 12

Jun 13

Jun 14

Jun 15

Weekly clearance rate, Sydney

100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Jun 09

Jun 10

Jun 11

Jun 12

Jun 13

Jun 14

Jun 15

Weekly clearance rate, Brisbane

100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Jun 09

This week, Sydneys preliminary auction clearance rate was recorded at 90.1
per cent, up from the final result over the previous week at 85.0 per cent. There
were 573 Sydney auctions held this week, with 464 results reported to
CoreLogic RP Data so far. The first five months of 2015 have proved to be the
strongest on record for Sydney with an estimated 85 per cent of all homes
taken to auction recording a successful result. This week, Sydneys strongest
performing sub-regions were the City and Inner South (97.9 per cent), North
Sydney and Hornsby (96.3 per cent), Ryde (96.3 per cent) and Sutherland
(96.1 per cent) regions.
The preliminary clearance rate for Brisbane was recorded at 52.2 per cent this
week, compared to 48.0 per cent last week and 37.3 per cent at the same time
last year. There were 129 homes taken to auction in Brisbane this week, lower
than the 213 held last week. Across the Gold Coast, 52.9 per cent of the
reported auctions have sold.
Adelaide saw 61 homes taken to auction this week, with a preliminary
clearance rate of 69.0 per cent. Last week, there were 95 Adelaide auctions
and the final auction result was recorded at 67.4 per cent.

Jun 10

Jun 11

Jun 12

Jun 13

Jun 14

Jun 15

Unlike each of the other capital cities, the number of auctions held in Perth this
week increased, up from 21 last week to 47 this week. The preliminary
clearance rate for Perth was recorded at 38.1 per cent across 21 auction
results.

Weekly clearance rate, Adelaide

100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Jun 09

Across Melbourne this week, auction volumes were significantly lower than the
previous week, falling from 1,248 to 302. The preliminary auction clearance
rate for Melbourne was recorded at 78.4 per cent across 255 results, which is a
decrease from the final auction clearance rate last week (80.2 per cent). At the
same time last year, 335 Melbourne homes were taken to auction and the
clearance rate was 62.4 per cent. The Melbourne sub-region with the highest
number of auctions this week was the South East, where 49 auctions were
held. In terms of clearance rate, the strongest performing region was the Outer
East region, with a preliminary clearance rate of 95.5 per cent across 22
results.

Canberras preliminary clearance rate this week was 84.2 per cent across 19
auction results. There were 38 homes taken to auction in the city this week.
In Tasmania, 5 auctions were held and so far 4 results have been reported. Of
the reported results, 2 properties have sold.
Jun 10

Jun 11

Jun 12

Jun 13

Jun 14

Jun 15

CoreLogic RP Data Weekend Market Summary

All data to week ending 7 June 2015
Capital city home value changes

Daily home value index, 5 capital city aggregate

Weekly
change

Monthly
change

Yr to date
change

Annual
change

Sydney

-0.5%

-1.2%

5.6%

14.5%

Melbourne

-1.1%

-2.7%

1.4%

8.8%

Brisbane

0.3%

-0.7%

-0.1%

2.3%

Adelaide

0.4%

1.4%

0.9%

3.3%

Capital city

Perth

0.5%

0.6%

-2.1%

0.8%

Combined 5 capitals

-0.4%

-1.2%

2.4%

8.8%

*Brisbane results are for the combined Brisbane and Gold Coast
region. The monthly change is the change over the past 28 days.

720
700
680
660
640
620
600
580
560
540
520
500
480

Daily Index Value

Jun 12

Dec 12

Jun 13

Dec 13

Jun 14

Dec 14

Jun 15

Results are based on the CoreLogic RP Data Daily Home Value Index. Further information and daily updates on the index results are available from
http://www.corelogic.com.au/research/daily-indices.html.

Capital city private treaty median prices

UNITS

$420,000

154

$312,000

Perth

774

$540,000

181

$430,000

Hobart

158

$340,000

41

$255,000

Darwin

47

$585,000

26

$421,250

Canberra

247

$581,000

124

$425,000

10,110

$640,276

4,444

$547,105

Combined Capitals

Sydney Melbourne Brisbane

Adelaide

Perth

Hobart

$581,000

656

Units

Darwin

$425,000

$404,000

Adelaide

$421,250

422

$585,000

$470,000

$255,000

1,421

$340,000

$480,000

Brisbane

$430,000

$676,500

1,548

$540,000

1,948

$560,000

$420,000

$896,000

3,607

$312,000

3,200

Melbourne

Houses

$404,000

Sydney

$900,000
$800,000
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$0

$470,000

Median
price

Capital city

$480,000

Number
of Sales

$560,000

Median
price

$676,500

Number
of Sales

$896,000

HOUSES

Median house and unit prices

Canberra

Private treaty sales represent around 85% of all dwelling sales across the country. The statistics are calculated across houses and units sold over the most
recent four week period. Records without a valid sale price have been excluded from the analysis.

Capital city median time on market and

average vendor discounting results

72 days

-7.6%

Darwin

79 days

-5.9%

99 days

-7.4%

Canberra

30 days

-3.5%

63 days

-5.1%

20 days

-3.5%

-6.5%

-6%

-5.1%

61 days

-5%

-7%
Houses

-5.9%

Hobart

40 days

Units

-7.4%

-5.9%

-6.5%

77 days

-7.6%

-5.7%

-5.7%

76 days

-5.9%

Perth

-4%

-5.6%

-6.4%

-6.4%

71 days

-5.3%

-5.6%

-5.4%

62 days

-3%

-4.7%

Adelaide

60 days

-3.9%

-5.3%

-4.7%

63 days

-4.4%

-5.4%

-2%

63 days

64 days

99 days

Brisbane

80 days

30 days

-4.7%

79 days

35 days

72 days

-4.7%

61 days

31 days

77 days

Melbourne

100 days

76 days

-3.9%

71 days

25 days

-1%

62 days

-4.4%

Units

64 days

26 days

Houses

63 days

Sydney

0%

120 days

35 days

Avg Vendor
Disc.

31 days

Median
TOM

26 days

Avg Vendor
Disc.

Capital city

Average vendor
discounting

UNITS

Median
TOM

25 days

HOUSES

Median time on market

-8%

days
Sydney Melbourne Brisbane

Adelaide

Perth

Hobart

Darwin

Canberra

Sydney

Melbourne

Brisbane

Adelaide

Perth

Hobart

Darwin

Canberra

Time on market (TOM) is simply the middle number of days between when a property is first listed for sale and the contract date. The rate of vendor
discounting is the average percentage difference between the original listing price and the final selling price. The statistics are calculated across results
received by CoreLogic RP Data over the past week and include properties transacted over the past four weeks. The data is based on private treaty sales
only and records without a valid sale price have been excluded from the vendor discount analysis. The analysis also excludes results where there are less
than 10 observations.

CoreLogic RP Data Weekend Market Summary

All data to week ending 7 June 2015
CoreLogic RP Data Mortgage Index

Mortgage market activity

Region

Index value

Month on month
change

Month on month
change (trend)

National

155.3

3.3%

NSW

228.7

4.9%

1.5%
2.9%

QLD

138.8

4.4%

-0.3%

SA

96.3

-1.6%

-0.8%

TAS

85.8

-5.3%

-2.6%

VIC

163.0

0.4%

2.5%

WA

111.3

5.2%

-0.3%

180
160
140
120
100
80
60
40
20
0
Jun 11

Mortgage Index
Mortgage Index (rolling three month trend)
ABS Owner Occupier housing finance commitments (monthly)
Dec 11 Jun 12 Dec 12 Jun 13 Dec 13 Jun 14 Dec 14 Jun 15

CoreLogic RP Data systems monitor more than 100,000 mortgage activity events every month across our 4 main finance industry platforms. Monitoring the
activity events across this platform provides a unique and timely lead indicator to housing finance commitments. The index shows an 81% correlation with
the ABS housing finance data series (88% using the seasonally adjusted series). Based on the strong correlation and significant number of events being
monitored, the Mortgage Index provides the most timely and holistic measure of mortgage market activity available.

CoreLogic RP Data Listing Index

Listing market activity

400
Region

Index value

Month on month
change

Month on month
change (seas adj)

350

National

336.0

0.7%

-2.0%

300

NSW

409.5

2.5%

-1.7%

QLD

273.7

1.0%

-2.5%

SA

312.9

-1.1%

-2.5%

200

TAS

120.6

-7.1%

-4.3%

150

VIC

369.7

0.6%

0.0%

WA

308.3

-5.1%

-4.9%

250

100
Listing Index
50
Jun 12
Dec 12

Jun 13

Dec 13

Jun 14

Dec 14

Jun 15

The CoreLogic RP Data Listings Index provides a lead indicator for the number of residential dwellings that are being prepared for sale across the Australian
housing market. CoreLogic RP Data customers account for over 70% of all listings in the Australian property market. The index, which tracks the flow of
metadata across CoreLogic RP Datas real estate data platform, shows a 75% correlation with the number of new listings about to enter the market.

CoreLogic RP Data Weekend Market Summary

All data to week ending 7 June 2015
About CoreLogic RP Data
CoreLogic RP Data is a wholly owned subsidiary of CoreLogic (NYSE: CLGX),which is the largest data and analytics company in the
world. CoreLogic RP Data provides property information, analytics and services across Australia and New Zealand and is currently
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With Australias most comprehensive property databases, the companys combined data offering is derived from public, contributory
and proprietary sources and includes over 500 million decision points spanning over three decades of collection, providing detailed
coverage of property and other encumbrances such as tenancy, location, hazard risk and related performance information. With over
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CoreLogic RP Data delivers value to clients through unique data, analytics, workflow technology, advisory and geo spatial services.
Clients rely on CoreLogic RP Data to help identify and manage growth opportunities, improve performance and mitigate
risk. CoreLogic RP Data employs over 480 people at nine locations across Australia and in New Zealand. For more information call
1300 734 318 or visit www.corelogic.com.au

Disclaimers
In compiling this publication, RP Data Pty Ltd trading as CoreLogic has relied upon information supplied by a number of external
sources. CoreLogic does not warrant its accuracy or completeness and to the full extent allowed by law excludes liability in contract,
tort or otherwise, for any loss or damage sustained by subscribers, or by any other person or body corporate arising from or in
connection with the supply or use of the whole or any part of the information in this publication through any cause whatsoever and
limits any liability it may have to the amount paid to CoreLogic for the supply of such information.
Queensland Data
Based on or contains data provided by the State of Queensland (Department of Natural Resources and Mines) 2015. In consideration
of the State permitting use of this data you acknowledge and agree that the State gives no warranty in relation to the data (including
accuracy, reliability, completeness, currency or suitability) and accepts no liability (including without limitation, liability in negligence)
for any loss, damage or costs (including consequential damage) relating to any use of the data. Data must not be used for direct
marketing or be used in breach of the privacy laws.
South Australian Data
This information is based on data supplied by the South Australian Government and is published by permission. The South
Australian Government does not accept any responsibility for the accuracy or completeness of the published information or suitability
for any purpose of the published information or the underlying data.
New South Wales Data
Contains property sales information provided under licence from the Land and Property Information (LPI). CoreLogic is authorised
as a Property Sales Information provider by the LPI.
Victorian Data
The State of Victoria owns the copyright in the Property Sales Data which constitutes the basis of this report and reproduction of that
data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of
Victoria does not warrant the accuracy or completeness of the information contained in this report and any person using or relying
upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors,
faults, defects or omissions in the information supplied.
Western Australian Data
Based on information provided by and with the permission of the Western Australian Land Information Authority (2015) trading as
Landgate.
Australian Capital Territory Data
The Territory Data is the property of the Australian Capital Territory. No part of it may in any form or by any means (electronic,
mechanical, microcopying, photocopying, recording or otherwise) be reproduced, stored in a retrieval system or transmitted without
prior written permission. Enquiries should be directed to: Director, Customer Services ACT Planning and Land Authority GPO Box
1908 Canberra ACT 2601.
Tasmanian Data
This product incorporates data that is copyright owned by the Crown in Right of Tasmania. The data has been used in the product
with the permission of the Crown in Right of Tasmania. The Crown in Right of Tasmania and its employees and agents:
a) give no warranty regarding the data's accuracy, completeness, currency or suitability for any particular purpose; and
b) do not accept liability howsoever arising, including but not limited to negligence for any loss resulting from the use of or reliance
upon the data.
Base data from the LIST State of Tasmania http://www.thelist.tas.gov.au