RP Data Weekend Market Summary

All data to week ending 16 February 2014

Capital city home value changes

Capital city Sydney Melbourne Brisbane Adelaide Perth Combined 5 capitals Weekly change 0.6% -0.4% 0.2% -0.2% -0.5% 0.1% Monthly Yr to date change change 1.6% 1.9% 0.4% 2.5% 1.4% 0.8% -0.5% -0.4% -1.8% -1.8% 0.7% 1.3% Annual change 14.2% 11.0% 4.9% 2.2% 6.7% 10.1%

Daily change in dwelling values across five combined capitals

640 620 600 580 560

540
520 500 480 460 Feb 11 Aug 11 Feb 12 Aug 12 Feb 13 Aug 13 Feb 14

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

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

Capital city auction statistics (preliminary) Weekly clearance rate, combined capital cities
City Sydney Melbourne Brisbane Adelaide Perth Tasmania Canberra Weighted Average Clearance Total rate auctions 80.4% 70.9% 47.3% 72.9% 50.0% 60.0% 59.3% 71.8% 596 785 133 58 25 12 41 1,650 RP Data auction results 465 650 91 48 14 10 27 1,305
90%

Cleared Uncleared auctions auctions 374 461 43 35 7 6 16 942 91 189 48 13 7 4 11 363

80%

70%
60% 50% 40% 30%

20%
10% 0% Feb 10 Aug 10 Feb 11 Aug 11 Feb 12 Aug 12 Feb 13 Aug 13 Feb 14

The above results are preliminary, with final auction clearance rates published each Thursday. 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 auction market back above 80% clearance rate There were 1,650 auctions held across the capital city markets this week, which is about 520 more auctions compared with the same week last year. The preliminary auction clearance rate was recorded at 71.8 per cent, compared to the previous week, when the final auction clearance rate was recorded at a lower 68.2 per cent across 972 capital city auctions. We haven't seen an auction clearance rate this high since the last week of October 2013. In Melbourne, Australias largest auction market, the preliminary auction clearance rate was recorded at 70.9 per cent, increasing from last weeks final auction clearance rate of 67.5 per cent. Like clearance rates, the number of properties taken to auction in Melbourne increased from 335 last week, to 785 this week. Across Sydney, the auction clearance rate was recorded at 80.4 per cent this week across 596 auctions, while over the previous week there were 362 auctions with a clearance rate of 79.5 per cent. At the same time last year, both auction volumes (1,129) and the auction clearance rate (58.8 per cent) were lower.

Capital city private treaty median prices

Capital city Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Combined Capitals HOUSES Number Median of Sales price 1,411 1,321 913 433 630 97 16 87 4,908 $610,000 $457,500 $465,000 $410,000 $538,000 $370,000 $587,500 $510,200 $508,509 UNITS Number Median of Sales price 752 516 166 93 139 20 28 26 1,740 $490,000 $418,000 $390,750 $308,000 $416,000 $244,250 $470,000 $403,500 $439,101

Median house and unit prices

$800,000 $700,000 Houses Units

$610,000

$600,000 $500,000 $400,000

$538,000

$587,500

$490,000

$457,500

$418,000

$465,000

$410,000

$416,000

$470,000

$510,200

$390,750

$308,000

$300,000 $200,000 $100,000 $0

$370,000

Sydney

Melbourne

Brisbane

Adelaide

Perth

Hobart

$244,250

Darwin

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 and median prices are withheld for cities where fewer than ten sales have been recorded.

$403,500

RP Data Weekend Market Summary

All data to week ending 16 February 2014

Capital city average time on market and vendor discounting results

Capital city Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Avg TOM HOUSES Avg Vendor Disc. -4.4% -5.2% -5.7% -6.6% -4.5% -8.9% -3.9% -4.4% Avg TOM UNITS Avg Vendor Disc. -3.4% -5.3% -5.6% -5.6% -4.1% -7.5% -5.2% -6.4%

Time on market
120 days Houses 100 days Units 0%

Vendor discounting
-1%
99 days
-2%

91 days

92 days

-3.4%

86 days

-4.4%

50 days 67 days 72 days 70 days 69 days 84 days 92 days 64 days

44 days 77 days 86 days 79 days 80 days 91 days 99 days 79 days

79 days

80 days

77 days

79 days

72 days

-5.2%

70 days

69 days

-5.3%

-5.6%

67 days

60 days

64 days

-5% -6% -7%

-5.7%

-5.6%

-5.2%

-4%

-4.5%

-4.4%
Canberra

80 days

84 days

-4.1%

-3%

-3.9%

50 days

-6.6%

40 days

44 days

20 days

-9% Houses days

Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra

Units
Adelaide Perth Hobart Darwin

-10%
Sydney Melbourne Brisbane

Time on market (TOM) is simply the average 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 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 National 111.5 NSW 140.3 QLD 114.5 SA 81.7 TAS 84.9 VIC 109.8 WA 99.7 Month on month change 48.4% 59.1% 51.8% 41.6% 49.1% 40.9% 40.5% Month on month change (trend) -9.2% -10.0% -8.5% -7.8% -8.2% -9.4% -7.4%

RP Data Mortgage Index - RMI

180 160 140 120

100 80
60 40 20 0 Feb 10 RP Data Mortgage Index Aug 10 Feb 11 RP Data Mortgage Index (trend) Aug 11 Feb 12 Aug 12 Feb 13 Aug 13 Feb 14

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.

New listings activity

Region Index value National 384.8 NSW 452.0 QLD 317.7 SA 348.7 TAS 139.3 VIC 384.0 WA 489.3 Month on month change 72.8% 85.3% 66.2% 73.7% 32.2% 73.9% 61.0% Month on month change (seas adj) 1.9% 0.2% 4.8% 1.2% 0.1% 1.4% 1.1%

RP Data Listings Index - RLI

400 350 300 250 200 150 100 50 0 Feb 10 Aug 10 Feb 11 Aug 11 Feb 12 Aug 12 Feb 13 Aug 13 Feb 14

The 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. RP Data customers account for over 70% of all listings in the Australian property market. The index, which tracks the flow of metadata across RP Datas real estate data platform, shows a 75% correlation with the number of new listings about to enter the market.

-8.9%

-8%

-7.5%

-6.4%

RP Data Weekend Market Summary

All data to week ending 16 February 2014
About RP Data
Since 1991, RP Data has been providing comprehensive information solutions to the Australian and New Zealand property industry. With our services, clients can obtain the latest and most thorough property information delivered in real time so they can increase productivity, cut costs and extend their capabilities in a highly competitive market. RP Data pioneered on-line information services and we are proud of our record of innovation. Through the strong backing of financial investors, we continue to reinvest in new information technologies to provide forward-thinking solutions. We focus on offering more efficient, user-friendly and cost-effective tools to help our clients streamline procedures and be more responsive to their customers. Our information solutions can therefore improve every facet of business and deliver a real and rapid return on investment. The people in RP Datas National Customer Service Teams have a long history within the real estate and property information i ndustries. So when we say we deliver Real Property knowledge you can trust, its no idle boast. Our claim is based on hard earned experience and an intimate understanding of the industry that can only be developed over time. This is further enhanced by extensive knowledge of local markets gathered by offices in each state. Our wealth of experience is combined with an ability to listen to clients and translate their needs into solutions that excel in execution. We continue to evolve our services so they always reflect market opportunities and make a difference to your business performance. Quite simply, we deliver - which is why RP Data is the industrys foremost information solution partner. Our key value to clients lies in the delivery of wide-ranging and accurate property information. Whether you need to increase listings to sell more, reposition yourself in a more professional manner or simply streamline the way you do business, RP Data has a solution that can make it happen. Our can-do attitude and expertise has resulted in trusted, long-term partnerships with clients that have delivered tangible results. We would be more than happy to do the same for your business.

Disclaimers
2014 Copyright RP Data Ltd, Local, State, and Commonwealth Governments. All rights reserved. No reproduction, distribution or transmission of the copyrighted materials in this publication is permitted whether in whole or in part. The copyrighted materials in this publication are provided for personal or internal business purposes only. The information provided in this publication is current as at the publication date only. This publication is supplied on the basis that while RP Data believes all the information in it is deemed reliable at the publication date, it 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 yourself, 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 RP Data for the supply of such information. This publication provides general information only it is not intended as advice and should not be relied upon as such. The material has not been prepared by taking into account your investment objectives, financial situation or personal needs. You should make your own inquiries and if necessary take independent financial advice tailored to your specific circumstances before making any investment decisions. Queensland Data Based on or contains data provided by the State of Queensland (Department of Natural Resources and Mines) 2014. 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). RP Data is authorised as a Property Sales Information provider by the LPI. Victorian Data To the extent that this report has been developed using information owned by the State of Victoria, 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 (2014) 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