Auction clearance rates

90 80 70 60 50 40
*seasonally adjusted by Westpac
Sources: APM, RP Data Rismark, Westpac Economics

% Sydney Melbourne
period average

90 80 70 60 50

last 3 weeks

40 30

30 Jul-88 Jul-91 Jul-94 Jul-97 Jul-00 Jul-03 Jul-06 Jul-09 Jul-12

Auction clearance rates recover

st. devns 3 2
Sydney (14%) Melbourne (20%)

st. devns
Brisbane (2.5%)

3 2

1
0 -1

1
0 -1
*seas. adjusted by Westpac, smoothed, std. devns from long run average; figures show avg proportion of properties sold via auction (i.e. vs private treaty)

-2

-2
Sources: RP Data-Rismark, Westpac Economics

-3 Apr-93

Apr-98

Apr-03

Apr-08

-3 Apr-13

Australian dwelling prices: various measures

30
20 10 0 -10

%
ABS^*

3mth growth rates, annualised

RP Data-Rismark APM^ Residex^
all dwellings, annualised, seasonally adjusted

30
20 10 0 -10 -20

^Westpac estimate of all dwellings composite *detached houses only from Dec-11
Sources: ABS, RP Data-Rismark, APM, Residex, Westpac Economics

-20 Mar-07

Mar-08

Mar-09

Mar-10

Mar-11

Mar-12

Mar-13

Australian dwelling prices: composite measure

25 20 15 10
monthly annd, adv. 3mths

ann%
* all dwellings, composite of all measures, 6mth annualised pace, seasonally adjusted

ann%

25 20 15 10

5
0

5
0

-5
Sources: ABS, RP Data-Rismark, APM, Residex, Westpac Economics

-5

-10 -10 Oct-06 Oct-07 Oct-08 Oct-09 Oct-10 Oct-11 Oct-12 Oct-13

Capital city dwelling prices

30
20 10 0 -10
Sydney Melbourne Brisbane Perth

6mth growth rates, annualised

* all dwellings, composite of all measures, annualised, seasonally adjusted

30
20 10 0 -10

-20 Apr-07

Sources: ABS, RP Data-Rismark, APM, Residex, Westpac Economics

-20 Apr-12 Apr-13

Apr-08

Apr-09

Apr-10

Apr-11