CoreLogic Property Market Indicator Summary

All data to week ending 18 September 2016

A limited increase in auction activity, coupled with a rising auction clearance rate
Based on preliminary results, the combined capital city clearance rate rose this week, from 75.4 per cent last week to 77.9 per cent. This week,
the clearance rate across the capitals is higher than one year ago, when 69.9 per cent of reported capital city auctions cleared. There were 2,093
capital city auctions held over the week, similar to the 2,062 last week, but lower than one year ago, when, despite lower clearance rates, the
spring market was in full force, with over 2,500 auctions held across the combined capitals. This week last year represented the 7th consecutive
week of capital city auction volumes being over the 2,000 mark, while over the past seven weeks, only three weeks have seen more than 2,000
auctions across the capitals.

Capital city auction statistics (preliminary)

Clearance
Total
rate
auctions

City

CoreLogic
Cleared Uncleared
auction
auctions auctions
results

Clearance
Total
rate
auctions
(last year) (last year)

Sydney

85.1%

773

630

536

94

70.7%

1,041

Melbourne

78.0%

956

853

665

188

73.7%

1,127

Brisbane

55.1%

139

98

54

44

50.0%

143

Adelaide

76.5%

96

68

52

16

71.4%

99

Perth

40.0%

39

20

12

38.5%

31

Tasmania

50.0%

50.0%

Canberra

70.8%

83

72

51

21

58.8%

118

Weighted
Average

77.9%

2,093

1,745

1,368

377

69.9%

2,565

Weekly clearance rate, Melbourne

100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Sep 10

Sep 11

Sep 12

Sep 13

Sep 14

Sep 15

Sep 16

Sep 11

Sep 12

Sep 13

Sep 14

Sep 15

Sep 16

Sep 13

Sep 14

Sep 15

Sep 11

Sep 12

Sep 13

Sep 14

Sep 15

Sep 16

Central Coast

60.0%

17

Baulkham Hills and Hawkesbury

76.5%

23

17

n.a.

14

City and Inner South

92.8%

77

69

Eastern Suburbs

94.2%

103

86

Inner South West

83.1%

82

65

Inner West

87.9%

70

66

North Sydney and Hornsby

92.0%

132

100

Northern Beaches

80.0%

58

45

Outer South West

n.a.

Outer West and Blue Mountains

n.a.

Parramatta

65.8%

47

38

Ryde

93.3%

32

30

South West

77.5%

50

40

Sutherland

82.5%

50

40

Inner

76.2%

181

168

Inner East

72.4%

140

134

Inner South

79.8%

151

124

North East

86.8%

93

91

North West

83.8%

85

74

Outer East

73.5%

80

68

South East

77.4%

96

84

West

80.0%

97

85

Mornington Peninsula

69.6%

31

23

Hunter

60.9%

39

23

Wollongong

92.3%

39

26

Gold Coast

35.3%

56

17

Sunshine Coast

62.5%

37

24

Geelong

74.2%

38

31

Regional auction results

Sep 11

Sep 12

Sep 13

Sep 14

Sep 15

Sep 16

Sep 16

CoreLogic
auction
results
10

Clearance
Total
rate
auctions

Melbourne sub-regions

Weekly clearance rate, Adelaide

100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Sep 10

Sep 12

Blacktown

Weekly clearance rate, Brisbane

100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Sep 10

Sep 11

Sydney sub-regions

Weekly clearance rate, Sydney

100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Sep 10

Weekly clearance rate, combined capital cities

90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Sep 10

1
The above results are preliminary, with final auction clearance rates published each Thursday. CoreLogic, 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.

CoreLogic Property Market Indicator Summary

All data to week ending 18 September 2016
Capital city home value changes

Daily home value index, 5 capital city aggregate

Weekly
change

Monthly
change

Yr to date
change

12 mth
change

Sydney

0.2%

1.6%

13.1%

11.1%

Melbourne

0.9%

3.2%

11.0%

10.2%

Brisbane

-0.1%

-0.1%

2.1%

4.0%

Adelaide

1.7%

1.7%

5.4%

5.8%

Perth

-0.8%

-0.7%

-6.4%

-5.1%

Combined 5 capitals

0.3%

1.7%

8.6%

8.0%

Capital city

*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 CoreLogic 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.

Number of homes for sale, combined capital cities

Capital city properties listed for sale

No of new
listings

12 mth
change (%)

No of total
listings

12 mth
change (%)

Sydney

6,875

-19.4%

19,642

-2.4%

Melbourne

8,067

-0.1%

28,734

1.4%

Brisbane

4,492

2.0%

19,133

5.8%

Adelaide

2,019

-1.8%

7,640

3.7%

Perth

4,118

16.3%

22,819

18.0%

Hobart

369

-7.5%

1,728

-26.6%

Darwin

184

-2.1%

1,644

4.6%

Canberra

627

14.4%

1,879

-5.1%

26,751

-3.6%

103,219

4.1%

Capital city

Combined capitals

160,000
140,000
120,000
100,000
80,000
60,000
40,000
20,000
0

Total listings

Sep 09

Sep 10

New listings

Sep 11

Sep 12

Sep 13

Sep 14

Sep 15

Sep 16

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

140

$315,000

Perth

839

$512,000

171

$410,000

Hobart

175

$377,500

35

$285,000

Darwin

45

$520,000

24

$430,000

Canberra

212

$589,000

99

$410,000

9,497

$647,781

3,842

$568,217

Combined Capitals

Sydney Melbourne Brisbane Adelaide

Perth

Hobart

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.

To access detailed analysis of some of these key indicators on a suburb level, please log into your CoreLogic Professional
system or contact us on [email protected]. Alternatively, ring 1300 734 318 to subscribe to Market Trends

$410,000

785

Units

$589,000

$375,000

Adelaide

$520,000

333

$430,000

$500,000

$285,000

1,566

$377,500

$502,900

Brisbane

$512,000

$690,000

1,368

$410,000

1,672

$620,000

$315,000

$895,000

3,123

$415,000

2,752

Melbourne

Houses

$375,000

Sydney

Capital city

$1,000,000
$900,000
$800,000
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
$0

$500,000

Median
price

$502,900

Number
of Sales

$620,000

UNITS

Median
price

$690,000

HOUSES
Number
of Sales

Median house and unit prices

$895,000

Capital city private treaty median prices

CoreLogic Property Market Indicator Summary

All data to week ending 18 September 2016
Capital city median time on market and
average vendor discounting results
UNITS

67 days

-5.2%

77 days

-5.4%

Adelaide

64 days

-5.5%

72 days

-6.7%

Perth

87 days

-7.5%

88 days

-7.3%

Hobart

39 days

-5.3%

42 days

-4.4%

Darwin

79 days

-7.3%

78 days

-7.1%

Canberra

27 days

-5.3%

57 days

-4.3%

-2%
88 days

78 days

-4%
57 days

79 days

-5%

-6%
27 days

39 days

31 days

10 days

30 days

20 days

28 days

30 days

29 days

40 days

-3%

42 days

50 days

72 days

60 days

77 days

67 days

70 days

64 days

80 days

87 days

90 days

-7%

Houses

-4.3%

Brisbane

100 days

-5.3%

-4.8%

-7.1%

31 days

-4.4%

-3.9%

-7.3%

29 days

-5.3%

Melbourne

110 days

-7.3%

-4.7%

-7.5%

30 days

-1%

-5.5%

-4.2%

Units

-6.7%

28 days

Houses

120 days

-5.2%

Sydney

0%

130 days

-5.4%

Avg Vendor
Disc.

-3.9%

Median
TOM

-4.8%

Avg Vendor
Disc.

-4.2%

Median
TOM

Capital city

Average vendor
discounting

-4.7%

HOUSES

Median time on market

Units

-8%

days
Sydney Melbourne Brisbane

Adelaide

Perth

Hobart

Darwin

Canberra

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 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.

CoreLogic Mortgage Index

Mortgage market activity

Region

Index value

Month on month
change

Month on month
change (trend)

National

131.5

-1.8%

-2.5%

NSW

177.9

-0.7%

-2.5%

QLD

122.9

-4.2%

-0.7%

SA

85.3

-1.7%

-2.4%

TAS

88.8

14.3%

-3.1%

VIC

140.8

-0.5%

-3.9%

WA

102.7

-4.7%

-2.6%

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
Sep 12 Mar 13 Sep 13 Mar 14 Sep 14 Mar 15 Sep 15 Mar 16 Sep 16

CoreLogic 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.

CoreLogic Listing Index

Listing market activity

400
Region

Index value

Month on month
change

Month on month
change (seas adj)

350

National

344.3

3.3%

1.0%

300

NSW

387.8

0.8%

1.2%

250

QLD

265.9

5.6%

-0.7%

SA

294.4

4.7%

1.8%

200

TAS

137.0

-1.4%

3.3%

150

VIC

479.9

4.9%

3.2%

WA

329.3

-0.1%

0.5%

100

Listing Index
50
Sep 12 Mar 13 Sep 13 Mar 14 Sep 14 Mar 15 Sep 15 Mar 16 Sep 16

The CoreLogic Listings Index provides a lead indicator for the number of residential dwellings that are being prepared for sale across the Australian housing
market. CoreLogic customers account for over 70% of all listings in the Australian property market. The index, which tracks the flow of metadata across
CoreLogics 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 Professional
system or contact us on [email protected]. Alternatively, ring 1300 734 318 to subscribe to Market Trends

CoreLogic Property Market Indicator Summary

All data to week ending 18 September 2016

Top ten sales over the past week

367 Dandenong Road,

Armadale, Vic
6 bed, 3 bath, 2 car house
$5,525,000
Marshall White
Armadale

1 Northcote Road,
Lindfield, NSW
5 bed, 3 bath, 2 car house
$4,300,000
McGrath Estate Agents

142 Homebush Road,

Strathfield, NSW
5 bed, 2 bath, 5 car house
$4,200,000
Devine Real Estate
Strathfield

4 Abernethy Street,
Seaforth, NSW
4 bed, 2 bath, 4 car house
$4,100,000
LJ Hooker
Seaforth

10 Stanley Street,
Chatswood, NSW
6 bed, 4 bath, 3 car house
$3,715,000
LJ Hooker
Willoughby

9 Salvado Street,
Cottesloe, WA
4 bed, 2 bath, 4 car house
$3,600,000
Mack Hall Real Estate
Claremont

30 Seaforth Crescent,
Seaforth, NSW
5 bed, 4 bath, 2 car house
$3,500,000
Cunninghams Property
Balgowlah

33 Beach Road,
Collaroy, NSW
4 bed, 1 bath, 1 car house
$3,450,000
Belle Property
Dee Why

1/29 Prince Street,

Cronulla, NSW
3 bed, 3 bath, 2 car unit
$3,400,000
Abode Property Agents

150 Bannockburn Road,

Turramurra, NSW
5 bed, 4 bath, 2 car house
$3,380,000
Di Jones
North Shore Wahroonga

To access detailed analysis of some of these key indicators on a suburb level, please log into your CoreLogic Professional
system or contact us on [email protected]. Alternatively, ring 1300 734 318 to subscribe to Market Trends

CoreLogic Property Market Indicator Summary

All data to week ending 18 September 2016
About CoreLogic
CoreLogic Australia is a wholly owned subsidiary of CoreLogic (NYSE: CLGX), which is the largest property data and analytics
company in the world. CoreLogic provides property information, analytics and services across Australia, New Zealand and Asia, and
recently expanded its service offering through the purchase of project activity and building cost information provider Cordell. With
Australias most comprehensive property databases, the companys 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 20,000 customers and 150,000 end users, CoreLogic is the leading provider of property data, analytics and related
services to consumers, investors, real estate, mortgage, finance, banking, building services, insurance, developers, wealth
management and government. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and
geo spatial services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate
risk. CoreLogic employs over 650 people 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) 2016. 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 (2016) 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

To access detailed analysis of some of these key indicators on a suburb level, please log into your CoreLogic Professional
system or contact us on [email protected]. Alternatively, ring 1300 734 318 to subscribe to Market Trends