Weekly Market Update Week Ending 2015 July 26

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CoreLogic RP Data Property Market Indicator Summary

All data to week ending 26 July 2015


Sydney and Melbourne clearance rates remain strong but continue to trend lower as Brisbanes auction market shows the highest
preliminary clearance rate since 2009.
Prior to this week, the year to date clearance rate across the combined capital cities was 76.9 per cent, indicating that this weeks
preliminary clearance rate of 77.7 per cent is performing above this level. This week, there were 1,998 auctions held across Australias
capital cities, with 1,307 results reported so far. Over the previous week, 1,827 residential auctions were held with a clearance rate of 75.4
per cent. In comparison, at the same time last year 67.9 per cent of the 1,705 auctions were sold, indicating the current auction conditions
remain stronger than they were one year ago.

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

82.7%

841

550

455

95

75.4%

660

Melbourne

76.5%

845

638

488

150

68.5%

736

Brisbane

66.0%

159

47

31

16

44.7%

162

Adelaide

60.6%

80

33

20

13

60.3%

72

Perth

80.0%

21

10

50.0%

22

Tasmania

25.0%

66.7%

13

Canberra
Weighted
Average

80.0%

48

25

20

51.4%

40

77.7%

1,998

1,307

1,023

284

67.9%

1,705

Weekly clearance rate, combined capital cities


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

Jul 10

Jul 11

Jul 12

Jul 13

Jul 14

Jul 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%
Jul 09

Sydney sub-regions
Central Coast

Jul 10

Jul 11

Jul 12

Jul 13

Jul 14

Jul 15

Weekly clearance rate, Sydney


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

Jul 11

Jul 12

Jul 13

Jul 14

Jul 15

Weekly clearance rate, Brisbane


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

58.8%

33

17

Blacktown

62.1%

44

29

City and Inner South

91.2%

77

57

Eastern Suburbs

94.4%

56

36

Inner South West

84.4%

158

96

Inner West

93.3%

64

45

North Sydney and Hornsby

89.1%

97

64

Northern Beaches

83.9%

45

31

Outer South West

n.a.

Jul 10

Jul 11

Jul 12

Jul 13

Jul 14

n.a.

13

Parramatta

72.2%

88

54

Ryde

100.0%

36

19

South West

63.8%

64

47

Sutherland

87.1%

43

31

Inner

73.5%

141

113

Inner East

69.1%

76

68

Inner South

73.2%

100

71

North East

82.3%

97

79

North West

82.5%

97

63

Outer East

89.0%

96

73

South East

73.3%

113

90

West

72.1%

86

61

Mornington Peninsula

73.7%

36

19

Hunter

66.7%

46

18

Woollongong

80.8%

45

26

Gold Coast

64.7%

48

17

Sunshine Coast

46.7%

31

15

n.a.

26

Melbourne sub-regions

Jul 15

Weekly clearance rate, Adelaide


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

Baulkham Hills and Hawkesbury

Outer West and Blue Mountains

Jul 10

CoreLogic
Clearance
Total
RP Data auction
rate
auctions
results
85.7%
17
14

Regional auction results

Jul 10

Jul 11

Jul 12

Jul 13

Jul 14

Jul 15

Geelong

CoreLogic RP Data Property Market Indicator Summary


All data to week ending 26 July 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

0.2%

3.0%

11.9%

17.4%

Melbourne

0.2%

5.3%

10.2%

10.6%

Brisbane

-0.4%

0.4%

1.8%

4.1%

Adelaide

-0.5%

-1.8%

-0.7%

2.5%

Perth

0.1%

-0.8%

-3.6%

-1.0%

Combined 5 capitals

0.1%

2.7%

7.5%

10.5%

Capital city

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

740
720
700
680
660
640
620
600
580
560
540
520
500
480

Daily Index Value

Jul 12

Jan 13

Jul 13

Jan 14

Jul 14

Jan 15

Jul 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.

Number of homes for sale, combined capital cities

Capital city properties listed for sale


No of new
listings

12 mth
change (%)

No of total
listings

12 mth
change (%)

Sydney

7,904

27.1%

17,822

-10.0%

Melbourne

7,965

19.6%

26,914

-10.6%

Brisbane

4,149

10.8%

18,639

0.2%

Adelaide

1,924

13.0%

7,412

-1.4%

Perth

22.1%

Capital city

3,647

-6.6%

20,468

Hobart

317

-9.2%

2,704

-8.1%

Darwin

210

-26.1%

1,573

22.6%

461

19.7%

1,924

-8.8%

26,577

14.3%

97,456

-1.7%

Canberra
Combined capitals

160,000
140,000
120,000
100,000
80,000
60,000
40,000
20,000
0

Total listings

Jul 08

Jul 09

New listings

Jul 10

Jul 11

Jul 12

Jul 13

Jul 14

Jul 15

These results are calculated across properties that have been advertised for sale over the past 28 days. A new listing is one which has not been advertised
for sale over the past 6 months, total listings include new listings and properties which have been previously advertised.

$415,000

164

$305,000

Perth

883

$525,000

185

$445,000

Hobart

140

$339,750

38

$265,000

Darwin

44

$587,500

28

$503,500

Canberra

200

$564,500

94

$412,500

9,598

$606,667

4,071

$541,843

Combined Capitals

Sydney Melbourne Brisbane

Adelaide

Perth

Hobart

Darwin

$412,500

716

Units

$564,500

$372,500

Adelaide

$503,500

337

$587,500

$469,000

$265,000

1,585

$339,750

$475,000

Brisbane

$525,000

$669,250

1,407

$445,000

1,818

$540,000

$305,000

$838,025

3,090

$415,000

2,940

Melbourne

Houses

$372,500

Sydney

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

$469,000

Median
price

Capital city

$475,000

Number
of Sales

$540,000

UNITS

Median
price

$838,025

HOUSES
Number
of Sales

Median house and unit prices

$669,250

Capital city private treaty median 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.

To access detailed analysis of some of these key indicators on a suburb level, please log into your CoreLogic RP Data
Professional system or contact us on info@corelogic.com.au. Alternatively, ring 1300 734 318 to subscribe to our market
trend service Suburb Scorecard.

CoreLogic RP Data Property Market Indicator Summary


All data to week ending 26 July 2015
Capital city median time on market and
average vendor discounting results
HOUSES

Average vendor
discounting

UNITS

Median
TOM

Avg Vendor
Disc.

Median
TOM

Avg Vendor
Disc.

Sydney

25 days

-4.1%

23 days

-3.9%

Melbourne

32 days

-5.1%

36 days

-4.6%

Brisbane

63 days

-5.4%

69 days

-5.4%

Adelaide

62 days

-5.7%

80 days

-6.9%

Capital city

Median time on market

120 days

0%
Houses

Units

-1%

97 days

-8.2%

79 days

-7.3%

32 days

-3.0%

70 days

Adelaide

Perth

Hobart

Darwin

Canberra

-3.0%
-5.4%

-4.2%
-6.1%

-5.4%

-5.7%

-4.6%

-5.4%

-3.9%
-5.1%

70 days

-4.1%

97 days
79 days

70 days

83 days

80 days

69 days

62 days

63 days

Sydney Melbourne Brisbane

-5.4%

-8%
Houses

days

Canberra

-7%

-7.3%

Darwin

20 days

-8.2%

-4.2%

-6.6%

35 days

-5%

-7.3%

-6.1%

-4%

-6.9%

70 days

32 days

Hobart

-3%

-6%
35 days

-7.3%

36 days

82 days

32 days

-6.6%

-2%

40 days
25 days

83 days

60 days

23 days

Perth

80 days

82 days

100 days

Units

-9%
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 Mortgage Index

Mortgage market activity

Region

Index value

Month on month
change

Month on month
change (trend)

National

140.5

-4.2%

0.7%

NSW

205.5

-3.7%

-0.2%

QLD

122.4

-8.0%

0.8%

SA

82.7

-9.2%

-1.2%

TAS

85.9

-0.4%

2.4%

VIC

151.0

-2.4%

1.5%

WA

104.5

0.1%

0.8%

180
160
140
120
100
80
60
Mortgage Index
40
Mortgage Index (rolling three month trend)
20
ABS Owner Occupier housing finance commitments (monthly)
0
Jul 11 Jan 12 Jul 12 Jan 13 Jul 13 Jan 14 Jul 14 Jan 15

Jul 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

332.3

1.2%

2.3%

300

NSW

406.5

0.1%

3.4%

250

QLD

258.5

-1.4%

0.4%

SA

315.4

8.0%

1.6%

TAS

130.7

9.6%

3.7%

150

VIC

384.6

5.7%

4.9%

100

WA

309.0

-2.0%

0.6%

200

50
Jul 12

Listing Index
Jan 13

Jul 13

Jan 14

Jul 14

Jan 15

Jul 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.

To access detailed analysis of some of these key indicators on a suburb level, please log into your CoreLogic RP Data
Professional system or contact us on info@corelogic.com.au. Alternatively, ring 1300 734 318 to subscribe to our market
trend service Suburb Scorecard.

CoreLogic RP Data Property Market Indicator Summary


All data to week ending 26 July 2015

Top ten sales over the past week

1 Fern Road,
Hunters Hill, NSW
5 bed, 5 bath, 3 car house
$6,000,000
Ray White
Lane Cove

28 Livingstone Street,
Burwood, NSW
3 bed, 2 bath, 3 car house
$4,005,000
Rich & Oliva
Croydon Park/Burwood

90 Albyn Road,
Strathfield, NSW
8 bed, 4 bath, 4 car house
$3,850,000
Strathfield Partners
Strathfield

12 South Street,
Strathfield, NSW
5 bed, 3 bath, 5 car house
$3,750,000
Georges Ellis & Co
Strathfield

3 Harrington Avenue,
Warrawee, NSW
5 bed, 4 bath, 2 car house
$3,750,000
LJ Hooker
Wahroonga

5 Wolsten Avenue,
Turramurra, NSW
5 bed, 3 bath, 2 car house
$3,300,000
LJ Hooker
Wahroonga

10 Clifton Avenue,
Burwood, NSW
6 bed, 2 bath, 3 car house
$3,182,000
Rich & Oliva
Croydon Park/Burwood

5 Augusta Street,
Concord, NSW
5 bed, 3 bath, 2 car house
$3,100,000
LJ Hooker
Drummoyne/Concord

16 Jenner Street,
Seaforth, NSW
5 bed, 4 bath, 3 car house
$3,100,000
LJ Hooker
Seaforth

110 Mountain View Road,


Balwyn North, Vic
4 bed, 5 bath, 2 car house
$2,930,000
Christopher Russell &
Associates Boroondara

To access detailed analysis of some of these key indicators on a suburb level, please log into your CoreLogic RP Data
Professional system or contact us on info@corelogic.com.au. Alternatively, ring 1300 734 318 to subscribe to our market
trend service Suburb Scorecard.

CoreLogic RP Data Property Market Indicator Summary


All data to week ending 26 July 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
developing and growing partnerships throughout Asia.
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
11,000 customers and 120,000 end users, CoreLogic RP Data is the leading provider of property data, analytics and related services
to consumers, investors, real estate, mortgage, finance, banking, insurance, developers, wealth management and government.
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

To access detailed analysis of some of these key indicators on a suburb level, please log into your CoreLogic RP Data
Professional system or contact us on info@corelogic.com.au. Alternatively, ring 1300 734 318 to subscribe to our market
trend service Suburb Scorecard.

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