MEDIA RELEASE

RP Data Monthly Mortgage & Listings Market Index Update March Results
(Refer page 1 - Mortgage market update with Craig Mackenzie & on page 2 – Listings Market Update with Cameron Kusher) Released: Friday 12 April, 2013

Mortgage activity surges over recent weeks
RP Data’s Mortgage Index hit 91.1 points over March 2013
According to RP Data’s head of corporate affairs, Craig Mackenzie, at a national level, mortgage activity across RP Data's four main finance industry platforms continued at robust levels in March, building on the growth that was achieved in February. RP Data platforms facilitate more than 100,000 mortgage activity events every month. “The National Index reading of 91.1 remains historically high, with the National Index value 6.8 per cent higher than February in raw terms and 6.2 per cent higher in seasonally adjusted terms. This strong national result may be partly indicative of a seasonal lift in mortgage related activity, but also appears to be driven by increased activity from borrowers looking to take advantage of refinancing opportunities with low interest rates and investors also being increasingly active in the market. However the strong result comes at a time when we are also seeing a sustained lift in many other housing market measures including a recovery in dwelling values, higher auction clearance rates and less discounting from vendors. It will be important to monitor activity across our finance platforms over the coming weeks to see if the level of activity is maintained.” “With a lift in the index over both February and March, we are expecting to see a stronger result when the ABS housing finance data when the data is released on April 15th.” “At a state level for the month of March, we witnessed very strong levels of activity in Western Australia and more surprisingly in Victoria. Mortgage activity events were flat in Queensland and relatively soft in each of New South Wales and South Australia,” Mr Mackenzie said. About the index The RP Data Mortgage Index (RMI) tracks metadata flowing across RP Data’s four main finance industry platforms, which accounts for more than 90% of the residential mortgage sector. The RMI was launched in February 2013 and seeks to provide a lead indicator to the Australian Bureau of Statistics (ABS) statistics which are released on a monthly basis. The seasonally adjusted RMI is 88% correlated to the ABS statistics, but is available to the market approximately six weeks sooner.
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About RP Data: RP Data is the number one provider of property information, analytics and risk management services in Australia and New Zealand, 100 per cent owned by CoreLogic CLX – the world’s largest data and analytics provider. www.rpdata.com
DISCLAIMER In compiling this publication, rpdata.com has relied upon information supplied by a number of external sources and RP Data does not warrant its accuracy or completeness. To the full extent allowed by law RP Data excludes all liability for any loss or damage suffered by any person or body corporate arising from or in connection with the supply or use of any part of the information in this publication. RP Data recommends that individuals undertake their own research and seek independent financial advice before making any decisions. © 2012 RP Data Ltd.

RP Data Listings Index update with Cameron Kusher
Real estate agent activity starts to ease after the post Christmas surge
RP Data’s Listings Index, which tracks real estate agent activity across RP Data’s online platforms surged over the past 28 days suggesting a large number of properties are being prepared for listing. March RLI Results According to Cameron Kusher, RP Data’s senior analyst, the RP Data Listings Index started to ease from it’s seasonal peak over recent weeks. The Index peaked at 308.4 points over the week ending 24 March which was its highest level since March 2011. Since that time there has been a clear easing of the Index. “The recent strong ramp up in the index foreshadowed an uplift in the number of new properties being brought to market. Over the two most recent weeks, the first of which included Easter, there has been a sharp decline in pre-listing activity and subsequently a decline in listings. “The big test of market conditions will be whether the additional supply which has recently been added to the market will be absorbed in a timely manner. RP Data is currently tracking 286,630 properties available for sale across the country which is 1.2 per cent higher than at the same time last year however, it is -1.0 per cent lower than the amount of stock for sale four weeks ago,” Mr Kusher said. About the index The RP Data Property 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 Data’s real estate data platform, shows a 75% correlation with the number of new listings about to enter the market. The RPI was launched in February 2013 and seeks to provide a lead indicator as to the number of new listings being prepared for sale around the country.

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About RP Data: RP Data is the number one provider of property information, analytics and risk management services in Australia and New Zealand, 100 per cent owned by CoreLogic CLX – the world’s largest data and analytics provider. www.rpdata.com
DISCLAIMER In compiling this publication, rpdata.com has relied upon information supplied by a number of external sources and RP Data does not warrant its accuracy or completeness. To the full extent allowed by law RP Data excludes all liability for any loss or damage suffered by any person or body corporate arising from or in connection with the supply or use of any part of the information in this publication. RP Data recommends that individuals undertake their own research and seek independent financial advice before making any decisions. © 2012 RP Data Ltd.