Weekly Market Update Week Ending 2015 July 26
Weekly Market Update Week Ending 2015 July 26
Weekly Market Update Week Ending 2015 July 26
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
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.
Sydney sub-regions
Central Coast
Jul 10
Jul 11
Jul 12
Jul 13
Jul 14
Jul 15
Jul 11
Jul 12
Jul 13
Jul 14
Jul 15
58.8%
33
17
Blacktown
62.1%
44
29
91.2%
77
57
Eastern Suburbs
94.4%
56
36
84.4%
158
96
Inner West
93.3%
64
45
89.1%
97
64
Northern Beaches
83.9%
45
31
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
Jul 10
CoreLogic
Clearance
Total
RP Data auction
rate
auctions
results
85.7%
17
14
Jul 10
Jul 11
Jul 12
Jul 13
Jul 14
Jul 15
Geelong
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
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.
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
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
$669,250
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.
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
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
-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.
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.
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.
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
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.
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.