RP Data Weekend Market Summary

All data to week ending 1 September 2013

Capital city home value changes

Capital city Sydney Melbourne Brisbane Adelaide Perth Combined 5 capitals Weekly change 0.5% 0.2% -0.1% 0.3% -0.8% 0.2% Monthly Yr to date change change 0.4% 7.5% 0.1% 4.6% 1.0% 1.8% 1.1% -0.1% -0.6% 5.9% 0.3% 5.1% Annual change 7.0% 4.5% 2.6% 0.5% 9.4% 5.4%

Daily change in dwelling values across five combined capitals

620

600
580 560 540 520

500
480 Sep 10

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

Mar 11

Sep 11

Mar 12

Sep 12

Mar 13

Sep 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 81.2% 73.0% 40.2% 67.4% 20.0% 57.1% 71.4% 72.9% 847 833 166 70 21 7 41 1,985 RP Data auction results 597 707 97 43 15 7 28 1,494
90%

Cleared Uncleared auctions auctions 485 516 39 29 3 4 20 1,096 112 191 58 14 12 3 8 398

80% 70% 60% 50% 40%

30%
20% 10%

0% Sep 09

Mar 10

Sep 10

Mar 11

Sep 11

Mar 12

Sep 12

Mar 13

Sep 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.

There were 1,985 auctions scheduled across the combined capital cities this week and the preliminary auction clearance rate was recorded at 72.9 per cent. Over the previous week, the national weighted auction clearance rate was recorded at 70.0 per cent and there were 1,572 capital city auctions. In Melbourne last week, the auction clearance rate decreased from 76.2 per cent the previous week to 73.0 per cent with more auctions held across the city this week (833) than there were last week (712). Across Sydney, the preliminary auction clearance rate was recorded at 81.2 per cent, up from 75.3 per cent last week. There were 847 auctions held across the city this week compared to 557 last week. At the same time last year there were 1,294 auctions held across the capital cities and the auction clearance rate was recorded much lower than the current levels at 54.0 per cent.

Capital city private treaty median prices

Capital city Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Combined Capitals Number of Sales 1,459 980 489 340 662 44 20 85 4,079 Median price $670,000 $450,550 $445,000 $381,500 $500,000 $277,500 $608,750 $520,000 $531,005 Number of Sales 1,219 480 117 89 149 18 28 31 2,131 Median price $523,000 $430,000 $358,500 $310,000 $425,000 $365,500 $457,500 $425,000 $473,656

Median house and unit prices

$700,000 $600,000 $500,000 $400,000

$670,000

Houses

Units

$523,000

$608,750

$500,000

$450,550

$430,000

$445,000

$425,000

$457,500

$520,000

$381,500

$310,000

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

$358,500

Sydney

Melbourne

Brisbane

Adelaide

Perth

$277,500

Hobart

$365,500

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.

$425,000

RP Data Weekend Market Summary

All data to week ending 1 September 2013

Capital city average time on market and vendor discounting results

Capital city Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Avg TOM 29 days 40 days 64 days 71 days 54 days 74 days 89 days 43 days Avg Vendor Disc. -4.7% -6.4% -6.4% -6.5% -4.3% -7.7% -4.5% -3.4% Avg TOM 28 days 46 days 65 days 71 days 59 days 96 days 76 days 53 days Avg Vendor Disc. -3.3% -5.3% -7.3% -7.1% -3.8% -10.7% -3.6% -3.9%

Time on market
120 days Houses 100 days
96 days 89 days

Vendor discounting
0% -1%
-3.3% -3.8% -3.6% -3.4%

Units

-2% -3% -4%

76 days -4.7%

-4.3%

74 days

71 days

71 days

-6.4%

-6.4%

64 days

59 days

-7.3%

-7.1%

60 days

65 days

-6%
53 days

-6.5%

-5%

-5.3%

80 days

40 days

43 days

40 days
29 days 28 days

46 days

54 days

-7% -8%

20 days

-10% -11% -12%

Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra

Houses
Sydney

Units
Adelaide Perth Hobart Darwin Canberra

days
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 109.8 NSW 129.1 QLD 106.1 SA 81.9 TAS 78.8 VIC 115.7 WA 102.7 Month on month change 9.7% 13.6% 13.3% 1.7% 8.6% 5.1% 4.1% Month on month change (trend) -2.2% -0.9% -2.3% -1.0% -1.9% -3.4% -2.9%

RP Data Mortgage Index - RMI

180
160 140 120 100 80 60

40
20 0 Sep 09 RP Data Mortgage Index RP Data Mortgage Index (trend)

Mar 10

Sep 10

Mar 11

Sep 11

Mar 12

Sep 12

Mar 13

-10.7%

-9%

-7.7%

-4.5%

Sep 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 323.8 NSW 377.6 QLD 249.5 SA 292.0 TAS 131.3 VIC 281.0 WA 433.3 Month on month change 1.6% 3.0% -1.8% -1.8% -0.9% 5.7% 4.1% Month on month change (seas adj) 1.9% 2.9% 0.3% 2.5% 0.6% 4.2% -0.1%

RP Data Listings Index - RLI

350 300

250
200

150
100 50 0 Sep 09

Mar 10

Sep 10

Mar 11

Sep 11

Mar 12

Sep 12

Mar 13

Sep 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.

-3.9%