Final week of winter returns high auction volumes and a strong clearance rate For the last week of winter, the preliminary auction clearance rate was 75.4 per cent, with 2,583 auctions held across Australia s capital cities. So far, 2,109 results have been reported to CoreLogic RP Data. This week s preliminary clearance rate is higher than last week s result of 72.9 per cent and is likely to revise as additional results are reported. One year ago, the final auction clearance rate was also recorded at 72.9 per cent and there were 2,034 residential auctions held across the capital cities. It is expected that auction activity will continue to ramp up as we enter the spring selling season. auction statistics (preliminary) City Clearance rate Total auctions CoreLogic RP Data auction results Cleared Uncleared auctions auctions Clearance Total rate auctions (last year) (last year) Sydney 78.1% 1,080 864 675 189 79.9% 810 Melbourne 77. 1,158 1,024 788 236 73.5% 901 Brisbane 58.2% 158 110 64 46 46.8% 156 Adelaide 64.8% 100 71 46 25 64.9% 88 Perth 66.7% 34 15 10 5 48. 29 Tasmania 75. 7 4 3 1 10. 13 Canberra 61.9% 46 21 13 8 74.3% 37 Weighted Average 75.4% 2,583 2,109 1,599 510 72.9% 2,034 10 9 8 7 6 5 4 3 2 1 10 9 8 7 6 5 4 3 2 1 10 9 8 7 6 5 4 3 2 1 10 9 8 7 6 5 4 3 2 1 9 8 7 6 5 4 3 2 1 The above results are preliminary, with final auction clearance rates published each Thursday. CoreLogic RP Data, on average, collects between 85% and 9 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 Weekly clearance rate, Sydney Weekly clearance rate, Brisbane Weekly clearance rate, Adelaide Weekly clearance rate, combined capital cities Sydney sub-regions Clearance rate Total auctions CoreLogic RP Data auction results Central Coast 75. 27 20 Baulkham Hills and Hawkesbury 65. 22 20 Blacktown 84.6% 29 26 City and Inner South 82.8% 107 93 Eastern Suburbs 87.6% 118 89 Inner South West 73.8% 152 126 Inner West 85.1% 93 74 North Sydney and Hornsby 86.4% 166 132 Northern Beaches 81.6% 54 38 Outer South West n.a. 13 8 Outer West and Blue Mountains n.a. 5 2 Parramatta 77.1% 74 61 Ryde 66. 61 53 South West 55.2% 92 67 Sutherland 77.8% 66 54 Melbourne sub-regions Inner 68. 253 219 Inner East 75.3% 168 158 Inner South 87.2% 168 141 North East 78.5% 128 121 North West 79.5% 88 78 Outer East 72.5% 103 91 South East 83.3% 108 96 West 81.1% 102 90 Mornington Peninsula 76. 35 25 Regional auction results Hunter 73.3% 40 30 Wollongong 75. 36 24 Gold Coast 61.4% 61 44 Sunshine Coast 43.8% 33 16 Geelong 54.6% 19 11 1
$470,000 $401,000 $341,000 $460,000 $391,000 $575,000 $535,000 $435,000 $469,600 $380,000 $585,000 $553,000 $665,000 $900,000 CoreLogic RP Data Property Market Indicator Summary home value s Weekly Monthly Yr to date Annual Sydney -0.1% 1. 13.9% 17.5% Melbourne -0.6% -0.2% 10.7% 10.5% Brisbane 0.1% 0.4% 2.2% 4.2% Adelaide 0. 0.8% 0.6% 2. Perth -1.3% -1.7% -4.1% -2. Combined 5 capitals -0.3% 0.3% 8.5% 10.4% *Brisbane results are for the combined Brisbane and Gold Coast region. The monthly is the over the past 28 days. Daily home value index, 5 capital city aggregate 740 720 Daily Index Value 700 680 660 640 620 600 580 560 540 520 500 480 Aug 12 Feb 13 Aug 13 Feb 14 Aug 14 Feb 15 Aug 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. properties listed for sale No of new listings 12 mth (%) No of total listings 12 mth (%) Sydney 8,122 16.4% 19,044-0.5% Melbourne 8,310 9.7% 28,074-4.7% Brisbane 3,916 4. 17,740-2.8% Adelaide 1,835-1.6% 7,199-2.4% Perth 3,322-14.6% 19,191 17.9% Hobart 327-13.3% 2,507-11.2% Darwin 195-31.3% 1,569 15.3% Canberra 571 17.7% 1,984-8. Combined capitals 26,598 5.5% 97,309 0.5% Number of homes for sale, combined capital cities 160,000 140,000 Total listings New listings 120,000 100,000 80,000 60,000 40,000 20,000 0 Aug 08 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. private treaty median prices house and unit prices Number of Sales HOUSES price Number of Sales UNITS price Sydney 3,243 $900,000 1,985 $665,000 Melbourne 3,299 $575,000 1,425 $460,000 Brisbane 1,521 $470,000 326 $391,000 Adelaide 677 $401,000 146 Perth 801 $535,000 182 $435,000 Hobart 150 $341,000 27 Darwin 39 $585,000 24 $469,600 Canberra 246 $553,000 97 $380,000 Combined Capitals 9,976 $645,600 4,212 $541,831 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $200,000 $100,000 $0 Houses Units 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. 2
26 days 25 days 31 days 33 days 32 days -7.4% -7.3% -7.6% -7. 62 days 59 days 51 days -6.4% 73 days 69 days 61 days 74 days -5.8% -5.3% -5.6% 84 days 86 days 85 days -4.6% -4.7% -4.9% -5.2% -4.9% -3.8% -3.7% 121 days -2.9% CoreLogic RP Data Property Market Indicator Summary median time on market and average vendor discounting results TOM HOUSES Avg Vendor Disc. TOM UNITS Avg Vendor Disc. Sydney 26 days -3.8% 25 days -3.7% Melbourne 31 days -4.6% 33 days -4.7% Brisbane 62 days -5.3% 73 days -4.9% Adelaide 59 days -5.8% 69 days -5.6% Perth 84 days -6.4% 86 days -7.4% Hobart 74 days -7.3% 51 days -5.2% Darwin 85 days -7. 121 days -7.6% Canberra 32 days -2.9% 61 days -4.9% time on market 140 days 120 days 100 days 80 days 60 days 40 days 20 days days Houses Units Average vendor discounting -1% -2% -3% -4% -5% -6% -7% -8% -9% Houses Units 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. Mortgage market activity Region Index value (trend) National 135.4-1.6% -4.1% NSW 202.6-1.2% -3.5% QLD 120.4 0.3% -4.5% SA 84.9 1.1% -4.6% TAS 80.2-4.6% -2.3% VIC 143.5-2.2% -4.2% WA 95.3-4. -4.3% CoreLogic RP Data Mortgage Index 180 160 140 120 100 80 60 40 20 0 Mortgage Index Mortgage Index (rolling three month trend) ABS Owner Occupier housing finance commitments (monthly) Aug 11 Feb 12 Aug 12 Feb 13 Aug 13 Feb 14 Aug 14 Feb 15 Aug 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. Listing market activity Region Index value (seas adj) National 321.3-3.9% -0.6% NSW 397.6-2.6% -0.1% QLD 255.2-1.9% -1.6% SA 288.6-8.8% -0.7% TAS 125.4-5.3% 1.3% VIC 362.2-7.1% 0.4% WA 299.3-2.8% -1.5% CoreLogic RP Data Listing Index 400 350 300 250 200 150 100 Listing Index 50 Aug 12 Feb 13 Aug 13 Feb 14 Aug 14 Feb 15 Aug 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 7 of all listings in the Australian property market. The index, which tracks the flow of metadata across CoreLogic RP Data s real estate data platform, shows a 75% correlation with the number of new listings about to enter the market. 3
Top ten sales over the past week 330 Beach Road, Black Rock, Vic 5 bed, 5 bath, 5 car house $5,500,000 Century 21 On Centre 8 Rosetta Avenue, Killara, NSW 5 bed, 4 bath, 2 car house $5,216,000 Curran Property Chatswood 139/5 Wulumay Close, Rozelle, NSW 4 bed, 3 bath, 5 car unit $4,500,000 Balmain Realty 5 Livingstone Street, Burwood, NSW 7 bed, 4 bath, 5 car house $4,211,000 Raine & Horne Burwood 1907/2 Dind Street, Milsons Point, NSW 3 bed, 2 bath, 2 car unit $4,200,000 Simeon Manners Property Mosman 22 Young Street, Albert Park, Vic 4 bed, 2 bath, 2 car house $3,700,000 Cayzer Real Estate Albert Park 120 Tennyson Road, Tennyson Point, NSW 4 bed, 3 bath, 2 car house $3,682,000 McGrath Estate Agents 56 Bundarra Road, Bellevue Hill, NSW 3 bed, 1 bath, 1 car house $3,425,000 Raine & Horne Double Bay 9 Stanley Street, Putney, NSW 6 bed, 3 bath, 2 car house $3,400,000 McGrath Estate Agents 41 Kingston Avenue, Concord, NSW 5 bed, 4 bath, 3 car house $3,350,000 Devine Real Estate Concord 4
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 Australia s most comprehensive property databases, the company s 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 5