RP Data Weekend Market Summary

All data to week ending 7 July 2013

Capital city home value changes
Capital city Sydney Melbourne Brisbane* Adelaide Perth Combined 5 capitals Weekly change 0.5% 1.0% 0.2% -0.3% 0.4% 0.6% Monthly Yr to date change change 3.5% 5.2% 4.3% 3.1% 0.7% 0.9% 0.1% 0.5% 0.1% 4.8% 2.7% 3.6% Annual change 5.9% 3.4% 1.9% 0.9% 6.9% 4.3%

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 74.5% 65.9% 35.4% 57.8% 66.7% 37.5% 52.0% 65.3% 353 445 81 60 18 12 30 999 RP Data auction results 255 364 65 45 6 8 25 768
90%

Cleared Uncleared auctions auctions 190 240 23 26 4 3 13 499 65 124 42 19 2 5 12 269

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.

There were just under 1,000 auctions held across the capital cities over the week and the preliminary clearance rate was recorded at 65.3 per cent. In comparison, last week, there were 1,548 auctions and the final clearance rate was recorded at 68.7 per cent. Melbourne’s clearance rate decreased this week to 65.9 per cent from 71.2 per cent last week, while auction volumes also fell from 705 last week to 445 this week. Across Sydney, 353 auctions were held this week and the auction clearance rate was recorded at 74.5 per cent, stronger than the previous week when the auction clearance rate was recorded at 72.8 per cent across 588 auctions. Over the first week of July last year, there were 921 capital city auctions and the clearance rate was recorded at 50.1 per cent.

Capital city private treaty median prices
Capital city Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Combined Capitals HOUSES Number Median of Sales price 1,672 996 501 420 637 53 11 65 4,355 $610,000 $438,750 $417,000 $397,000 $507,500 $347,100 $665,000 $500,450 $508,402 UNITS Number Median of Sales price 1,175 385 117 88 153 15 15 22 1,970 $515,000 $409,000 $375,000 $331,000 $400,000 $318,500 $470,000 $472,750 $466,508

Median house and unit prices
$700,000

$515,000

$507,500

$500,450

$500,000 $400,000

$610,000

$600,000

$665,000

Houses

Units

$438,750

$409,000

$417,000

$375,000

$397,000

$400,000

$331,000

$200,000 $100,000

$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.

1

$318,500

$300,000

$347,100

$470,000

$472,750

RP Data Weekend Market Summary
All data to week ending 7 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. -6.8% -7.7% -9.6% -6.8% -6.6% -13.2% N/A -4.5% Avg TOM UNITS Avg Vendor Disc. -4.3% -6.1% -5.8% -9.4% -2.9% -9.6% -1.6% -2.6%

Time on market
140 days Houses 120 days Units

Vendor discounting
-2%
116 days

-4.3%

34 days 43 days 65 days 70 days 54 days 88 days 76 days 41 days

31 days 51 days 84 days 65 days 55 days 88 days 116 days 41 days

88 days

84 days

76 days

70 days

-7% -8% -9%
41 days 41 days

-9.4%

43 days

40 days

51 days

54 days

55 days

-10%
-11% -12% -13% -14%

34 days

31 days

-9.6%

20 days
days

Houses
Sydney

Units
Adelaide Perth Hobart Darwin Canberra

Sydney

Melbourne Brisbane

Adelaide

Perth

Hobart

Darwin

Canberra

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 103.5 NSW 123.3 QLD 97.5 SA 75.5 TAS 72.1 VIC 110.2 WA 99.8 Month on month change -8.3% -7.6% -11.1% -4.7% -10.0% -8.9% -3.9% Month on month change (trend) 2.1% 1.8% 0.9% -0.7% -0.3% 4.1% 1.7%

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

-13.2%

Jan 13

-9.6%

60 days

65 days

65 days

-7.7%

80 days

88 days

-6%

-6.8%

-6.8%

-6.6%

-5%

-6.1%

-5.8%

100 days

-4%

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 294.1 NSW 344.7 QLD 232.8 SA 286.4 TAS 126.7 VIC 255.1 WA 459.2 Month on month change -4.7% -7.2% -7.3% 3.3% -10.0% -4.9% 5.7% Month on month change (seas adj) 0.8% -0.2% -0.8% 0.8% 2.7% 1.8% 6.8%

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 Data’s real estate data platform, shows a 75% correlation with the number of new listings about to enter the market.

2

-4.5%

-3%

-2.9%

Jul 13

-2.6%

-1%

-1.6%

0%

0.0%

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