RP Data Weekend Market Summary

All data to week ending 13 April 2014

Capital city home value changes

Capital city Sydney Melbourne Brisbane Adelaide Perth Combined 5 capitals Weekly change 0.3% 0.0% 0.2% 0.4% -0.6% 0.1% Monthly Yr to date change change 2.4% 5.4% -1.0% 4.8% 0.8% 2.3% 0.0% 1.5% -0.2% -1.3% 0.7% 3.8% Annual change 17.0% 11.2% 5.5% 3.6% 3.7% 11.0%

Daily change in dwelling values across five combined capitals

660 640 620

600 580
560 540 520

500
480 460 Apr 11 Oct 11 Apr 12 Oct 12 Apr 13 Oct 13 Apr 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 78.5% 64.2% 45.7% 73.8% 33.3% 50.0% 65.5% 68.9% 1,471 1,519 236 144 55 16 50 3,491 RP Data auction results 1,016 1,143 129 84 27 4 29 2,432
90%

Cleared Uncleared auctions auctions 798 734 59 62 9 2 19 1,683 218 409 70 22 18 2 10 749

80%

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

10%
0% Apr 10 Oct 10 Apr 11 Oct 11 Apr 12 Oct 12 Apr 13 Oct 13 Apr 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.

Combined capital city auction volumes are the highest they have been all year, while Sydney has the highest volume on record
The preliminary auction clearance rate across the combined capital cities was recorded at 68.9 per cent this week, up from 66.2 per cent the previous week. Due to the upcoming Easter long weekend, the number of capital city properties taken to auction this week was the highest it has been all year (3,491). In comparison, 2,692 auctions were held across the capital cities over the previous week. At the same time last year, auction volumes were much lower with 1,410 properties taken to auction, while the clearance rate over the week was 61.8 per cent. Across Melbourne, there were 1,519 auctions held, which is the highest number of auctions for the city so far this year, with a preliminary auction clearance rate of 64.2 per cent. In comparison, a final auction clearance rate of 63.6 per cent across 1,210 auctions was recorded over the previous week. In Sydney, 1,471 auctions were held this week, the highest auction volumes on record for Sydney, and a preliminary auction clearance rate of 78.5 per cent was recorded. In comparison, over the previous week, a final auction clearance rate of 73.2 per cent across 1,137 Sydney auctions was recorded.

Capital city private treaty median prices

Capital city Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Combined Capitals HOUSES Number Median of Sales price 2,174 1,654 877 389 503 128 40 165 5,930 $740,000 $499,500 $475,100 $412,500 $530,000 $366,500 $595,000 $540,000 $579,842 UNITS Number Median of Sales price 1,168 670 195 91 131 31 39 46 2,371 $570,500 $420,750 $389,000 $315,600 $420,000 $255,000 $505,000 $397,500 $486,599

Median house and unit prices

$800,000

$530,000

$499,500

$420,750

$412,500

$420,000

$389,000

$315,600

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

Sydney

$366,500

Melbourne

Brisbane

Adelaide

Perth

Hobart

$255,000

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.

$397,500

$400,000

$475,100

$505,000

$540,000

$500,000

$570,500

$595,000

$600,000

$740,000

$700,000

Houses

Units

RP Data Weekend Market Summary

All data to week ending 13 April 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. -4.1% -5.6% -5.9% -5.5% -4.7% -7.4% -4.2% -4.4% Avg TOM UNITS Avg Vendor Disc. -3.4% -5.4% -4.4% -5.1% -3.5% -4.9% -4.2% -3.7%

Time on market
90 days 0%

Vendor discounting
85 days 80 days
-1% -2%

Houses 80 days 70 days

Units

-3.4%

27 days 34 days 54 days 49 days 55 days 62 days 85 days 34 days

23 days 37 days 57 days 64 days 57 days 56 days 80 days 54 days

62 days

-3.5%

57 days

57 days

56 days

55 days

-4.1%

-3%

54 days

54 days

49 days

-4.7%

-5.4%

37 days

34 days

30 days

27 days

34 days

20 days 10 days days

23 days

-6% -7% Houses -8% Units

Adelaide Perth Hobart Darwin Canberra

-5.9%

-5%

-5.6%

-5.5%

40 days

-5.1%

Sydney

Melbourne Brisbane

Adelaide

Perth

Hobart

Darwin

Canberra

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 130.4 NSW 168.0 QLD 128.6 SA 88.9 TAS 99.8 VIC 132.2 WA 110.0 Month on month change 2.7% 1.3% -3.9% 0.7% 9.2% 6.8% 3.6% Month on month change (trend) 7.4% 9.9% 10.0% 2.5% 8.8% 5.2% 4.9%

RP Data Mortgage Index - RMI

180

160
140 120 100 80

60 40
20 0 Apr 10 RP Data Mortgage Index Oct 10 Apr 11 RP Data Mortgage Index (rolling three month trend) Oct 11 Apr 12 Oct 12 Apr 13 Oct 13 Apr 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 393.3 NSW 459.3 QLD 311.6 SA 372.3 TAS 154.5 VIC 433.6 WA 468.2 Month on month change -3.4% -5.4% -7.2% 5.7% 0.1% 3.5% -2.7% Month on month change (seas adj) 20.4% 22.4% 19.2% 20.4% 15.1% 21.5% 16.2%

RP Data Listings Index - RLI

450
400 350 300 250 200 150 100

50 0 Apr 10
Oct 10 Apr 11 Oct 11 Apr 12 Oct 12 Apr 13 Oct 13 Apr 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.

-7.4%

-4.9%

-4%

-4.4%

-4.4%

50 days

-4.2%

-4.2%

-3.7%

60 days

64 days

RP Data Weekend Market Summary

All data to week ending 13 April 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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