RP Data Weekend Market Summary

All data to week ending 2 March 2014

Capital city home value changes

Capital city Sydney Melbourne Brisbane Adelaide Perth Combined 5 capitals Weekly change 0.4% 0.8% -0.3% 0.3% 0.7% 0.5% Monthly Yr to date change change 1.0% 1.8% -0.1% 3.2% -1.1% -0.7% 0.1% 0.2% -0.1% -1.2% 0.2% 1.4% Annual change 14.4% 9.9% 3.1% 3.4% 7.6% 9.8%

Daily change in dwelling values across five combined capitals

640 620 600 580

560
540

520
500

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

480
460 Mar 11 Sep 11 Mar 12 Sep 12 Mar 13 Sep 13 Mar 14

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 77.9% 73.9% 42.4% 75.0% 33.3% 33.3% 55.9% 72.8% 1,019 1,319 148 97 22 7 68 2,680 RP Data auction results 655 654 85 48 15 3 34 1,494
90%

Cleared Uncleared auctions auctions 510 483 36 36 5 1 19 1,090 145 171 49 12 10 2 15 404

80%

70% 60%
50% 40% 30% 20%

10%
0% Mar 10 Sep 10 Mar 11 Sep 11 Mar 12 Sep 12 Mar 13 Sep 13 Mar 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.

Auction clearance rates soften over the week, but are still more than 10 basis points higher than at the same time last year A preliminary auction clearance rate of 72.8 per cent has been recorded this week across 2,680 capital city auctions. Over the previous week, the final auction clearance rate was recorded at 76.2 per cent across 2,905 auctions. Melbournes auction clearance rate was recorded at 73.9 per cent this week, up slightly from 73.5 per cent the previous week. The number of auctions held in the city decreased this week, down from 1,401 the previous week to 1,319. Over the previous two weeks, Sydneys clearance rate has been recorded over the 80 per cent mark, however auction clearance rates softened slightly this week when Sydneys auction clearance rate was recorded at 77.9 per cen t across 1,019 auctions. In comparison, over the previous week, the final auction clearance rate was recorded at 84.2 per cent with 1,101 properties taken to auction. Auction activity continues to track at a much higher level than it was at the same time last year, when 1,983 capital city properties were taken to auction with a clearance rate of 61.0 per cent.

Capital city private treaty median prices

Capital city Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Combined Capitals HOUSES Number Median of Sales price 1,877 1,485 934 411 744 98 21 162 5,732 $690,000 $463,000 $465,000 $410,000 $530,000 $370,000 $590,000 $532,000 $543,381 UNITS Number Median of Sales price 1,164 623 209 90 140 18 30 52 2,326 $553,250 $420,000 $390,000 $297,500 $407,000 $261,000 $473,500 $408,500 $477,667

Median house and unit prices

$800,000 $700,000 $600,000 $500,000 $400,000 Houses Units

$690,000

$553,250

$590,000

$530,000

$463,000

$420,000

$465,000

$410,000

$473,500

$532,000

$390,000

$407,000

$297,500

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

Sydney

$370,000

Melbourne

Brisbane

Adelaide

Perth

Hobart

$261,000

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.

$408,500

RP Data Weekend Market Summary

All data to week ending 2 March 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. -4.8% -5.7% -5.5% -5.3% -4.6% -9.2% -6.1% -3.6% Avg TOM UNITS Avg Vendor Disc. -3.1% -4.9% -5.5% -6.4% -3.4% -6.8% -6.0% -5.6%

Time on market
140 days Houses 120 days 100 days Units -1% 0%

Vendor discounting
120 days

-3.1%

-2%
-3% -4%

-3.4%

29 days 56 days 74 days 70 days 69 days 86 days 94 days 51 days

24 days 68 days 77 days 66 days 66 days 64 days 120 days 82 days

94 days

-4.8%

82 days

-5.5%

-5.5%

-5.3%

77 days

74 days

70 days

68 days

69 days

66 days

64 days

56 days

-6%

51 days

40 days

-7%

29 days

24 days

20 days
days

-9% Houses -10%

Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra

Units
Adelaide Perth Hobart Darwin Canberra

Sydney

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 126.0 NSW 162.5 QLD 130.3 SA 93.5 TAS 96.1 VIC 122.9 WA 110.7 Month on month change 26.5% 33.0% 27.1% 29.6% 34.5% 22.3% 24.5% Month on month change (trend) -4.7% -5.7% -3.7% -3.7% -3.8% -4.9% -3.0%

RP Data Mortgage Index - RMI

180

160
140 120 100 80

60 40
20 0 Mar 10 RP Data Mortgage Index Sep 10 Mar 11 RP Data Mortgage Index (trend) Sep 11 Mar 12 Sep 12 Mar 13 Sep 13 Mar 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 376.8 NSW 441.8 QLD 310.9 SA 340.9 TAS 138.1 VIC 377.1 WA 478.6 Month on month change 24.1% 29.1% 19.8% 22.2% 3.3% 27.2% 21.4% Month on month change (seas adj) 4.5% 3.3% 7.0% 3.2% 1.3% 4.5% 3.2%

RP Data Listings Index - RLI

400
350

300
250

200
150

100
50

*The above figures have been carried on from last week, an update will be provided during the coming week.

0 Feb 10

Aug 10

Feb 11

Aug 11

Feb 12

Aug 12

Feb 13

Aug 13

-9.2%

-8%

-6.8%

60 days

66 days

-6.4%

-6.1%

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.

-6.0%

-5%

-5.7%

Feb 14

-5.6%

80 days

86 days

-4.9%

-4.6%

-3.6%

RP Data Weekend Market Summary

All data to week ending 2 March 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.

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