RP Data Weekend Market Summary

All data to week ending 21 July 2013

Capital city home value changes

Capital city Sydney Melbourne Brisbane* Adelaide Perth Combined 5 capitals Weekly change 0.5% 0.1% 0.1% -0.3% 0.3% 0.2% Monthly Yr to date change change 2.3% 5.9% 3.6% 4.0% 0.3% 0.9% -0.8% -0.1% 0.0% 5.2% 1.9% 4.1% Annual change 5.8% 3.4% 1.4% 1.6% 6.0% 4.2%

Daily change in dwelling values across five combined capitals

620 600 580 560 540

520
500 480 Jul 10

*Brisbane results are for the combined Brisbane and Gold Coast region.

Jan 11

Jul 11

Jan 12

Jul 12

Jan 13

Jul 13

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 79.1% 62.8% 48.7% 51.1% 40.0% 25.0% 45.0% 65.4% 410 486 105 57 30 9 34 1,131 RP Data auction results 292 473 78 45 15 4 20 927
90%

Cleared Uncleared auctions auctions 231 297 38 23 6 1 9 605 61 176 40 22 9 3 11 322

80%

70%
60% 50% 40% 30%

20%
10% 0% Jul 09 Jan 10 Jul 10 Jan 11 Jul 11 Jan 12 Jul 12 Jan 13 Jul 13

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.

The preliminary weighted average clearance rate across the combined capital cities was recorded at 65.4 per cent this week, down from 67.7 per cent last week. On the other hand, auction volumes increased compared to last week, up from 984 to 1,131. Both auction clearance rates and volumes remain elevated compared to last year, when the capital city auction clearance rate was recorded at 52.1 per cent across 880 auctions. In Melbourne, the auction clearance rate was recorded at 62.8 per cent this week, with 486 auctions held across the city. Over the previous week there were 426 Melbourne auctions and the clearance rate was recorded at 67.9 per cent. Auction clearance rates across the Sydney market are continuing to perform at levels that have not been recorded since mid 2009. This week, the preliminary clearance rate for the city was recorded at 79.1 per cent, up from 77.4 per cent last week. The number of auctions across the city increased over the week to 410, from 378 last week.

Capital city private treaty median prices

Capital city Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Combined Capitals HOUSES Number Median of Sales price 2,375 1,456 722 516 878 92 13 74 6,126 $600,000 $447,750 $425,000 $395,000 $520,250 $327,853 $665,000 $512,500 $509,485 UNITS Number Median of Sales price 1,588 633 164 108 227 23 20 19 2,782 $502,300 $403,000 $363,500 $318,500 $430,000 $260,000 $475,000 $437,500 $455,847

Median house and unit prices

$700,000

$520,250

$502,300

$447,750

$475,000

$512,500

$500,000 $400,000

$600,000

$600,000

$665,000

Houses

Units

$403,000

$425,000

$318,500

$327,853

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

$363,500

$395,000

$430,000

$0
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 and median prices are withheld for cities where fewer than ten sales have been recorded.

$260,000

$437,500

RP Data Weekend Market Summary

All data to week ending 21 July 2013

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. -5.8% -6.6% -9.5% -6.5% -6.5% -9.3% N/A -3.3% Avg TOM UNITS Avg Vendor Disc. -3.6% -6.8% -7.8% -8.2% -2.9% -9.6% -3.6% -5.8%

Time on market
100 days Houses Units 0%

Vendor discounting
90 days 93 days
-1%

90 days
81 days
80 days

81 days

-3.6%

78 days

34 days 44 days 66 days 68 days 52 days 81 days 81 days 39 days

31 days 51 days 73 days 78 days 56 days 90 days 93 days 41 days

73 days

70 days 60 days

-3% -4%

66 days

68 days

-5.8%

-3.6%

-3.3%
Canberra

-2%

-2.9%

0.0%

56 days

-5% -6%

-6.5%

51 days

52 days

-6.6%

41 days

39 days

31 days

30 days 20 days 10 days days

34 days

-9.5%

-9.3%

-8% -9% -10% Houses -11% Units

-8.2%

-7%

-7.8%

40 days

44 days

-6.8%

50 days

-6.5%

Sydney

Melbourne Brisbane

Adelaide

Perth

Hobart

Darwin

Canberra

Sydney

Melbourne Brisbane

Adelaide

Perth

Hobart

-9.6%

Darwin

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 102.2 NSW 119.9 QLD 99.2 SA 79.6 TAS 69.1 VIC 107.1 WA 97.2 Month on month change -5.3% -7.0% -2.3% 6.1% -9.7% -8.0% -4.1% Month on month change (trend) 2.7% 2.2% 2.2% 2.2% -0.3% 4.1% 1.8%

RP Data Mortgage Index - RMI

180 160

140
120 100

80
60 40 20 RP Data Mortgage Index RP Data Mortgage Index (trend)

0 Jul 09

Jan 10

Jul 10

Jan 11

Jul 11

Jan 12

Jul 12

Jan 13

Jul 13

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 305.4 NSW 362.5 QLD 249.2 SA 292.5 TAS 119.8 VIC 277.4 WA 414.1 Month on month change 1.9% 2.0% 4.0% 8.6% -15.1% 6.4% -9.5% Month on month change (seas adj) 2.2% 1.5% 0.6% 4.2% 1.8% 4.1% 4.9%

RP Data Listings Index - RLI

350 300 250

200
150 100 50 0 Jul 09

Jan 10

Jul 10

Jan 11

Jul 11

Jan 12

Jul 12

Jan 13

Jul 13

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.

-5.8%