CoreLogic Property Market Indicator Summary All data to week week ending 16 July 2017 Au ct io n v ol um es c on ti nu e to tr end lo wer th ro ug h w in ter , wi th ju st ov er 1,600 p ro per ti es t aken to auc ti on , retu rn in g a p rel im i nar y Auct clearance rate of 72.4 per cent The number of homes taken to auction across the capital cities has fallen for the 4th week in a row, with just 1,612 auctions held this week, down from 1,766 last week, although higher than this time last year when 1,391 properties properties went under the hammer. The The combined capital city preliminary clearance rate increased to 72.4 per cent this week, up from the final clearance rate of 68.4 per cent last week, week, although this will revise as more results are collected. The The final clearance rate has nudged slightly higher over the last two weeks after reaching a year to date low of 66.5 per cent; it will be interesting to see if this is still the case on Thursday when the final figures are released. Adelaide and Brisbane were the only cities to see a slight increase in auction volumes this week, while Melbourne had the highest number of auctions scheduled (753). In terms of preliminary clearance rates, Melbourne was the best performing city with 77.4 per cent of the 667 results recording a successful result, and although this result will revise lower as the final results are collecte d, it is likely to be stronger than what we have seen in Melbourne over the last month.
Capital Ca pital city auctio n statist ics (preliminary) City
Clearance rate
Total auctions
CoreLogic auction results
Cleared auctions
Uncleared auctions
72 7 2.9% 77.4% 44.8% 75.0% 44.4% 60.0% 72.7%
600 753 116 65 33 6 39
487 667 87 36 18 5 22
355 516 39 27 8 3 16
132 151 48 9 10 2 6
74. 9%
470
76. 1%
667
47. 0%
120
54. 7%
61
29. 0%
34
72.4%
1,612
1,322
964
358
Sydney Melbourne Brisbane Adelaide Perth Tasmania Canberra Weighted Averag e
Clearance Total rate auctions (last year) (last year)
25. 0%
9
63. 3%
30
70.5%
1,391
Weekly Wee kly c learance rate, Melbour ne 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Jul 11
Jul 12
Jul 13
Jul 14
Jul 15
Jul 16
Jul 12
Jul 13
Jul 14
Jul 15
Jul 16
Jul 17
Jul 17
Weekly Wee kly c learance rate, Bri sbane 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Jul 11
Jul 12
Jul 13
Jul 14
Jul 15
Clearance Total rate auctions
Jul 16 Jul 17 CoreLogic auction results 23
Central Coas Coastt
60. 9%
27
Baulkham Hill s and Hawkesbury
94. 1%
21
17
Blacktown
81. 8%
17
11
City and Inner South
69. 2%
62
52
Eastern Suburbs
84. 2%
42
38
Inner South Wes Westt
68. 5%
84
73
Inner Wes Westt
66. 7%
55
39
North Sydney and Hornsby
76. 9%
84
65
Northern Beaches
72. 7%
58
44
Outer South West
n. a.
11
9
Outer West West and Blue Mountai ns
n. a.
2
2
Parramatta
81. 8%
41
33
Ryde
82. 6%
28
23
South West
54. 8%
36
31
Sutherland
77. 8%
31
27
Inner
67. 9%
128
106
Inne r East East
80. 4%
49
46
Inner South
64. 2%
57
53
North Eas Eastt
82. 4%
95
91
North West
83. 6%
73
61
Outer East
90. 9%
64
55
South East
86. 2%
109
94
West
68. 8%
138
125
Mornington Peninsula
83. 3%
34
30
Hunter
60. 0%
18
10
Wollongong
81. 3%
21
16
Gold Coas Coastt
64. 3%
36
14
Sunshine Coast
66. 7%
35
18
Geelong
72. 7%
42
22
Melbourne sub-regions
Jul 12
Jul 13
Jul 14
Jul 15
Jul 16
Jul 17
Weekly Wee kly clearance rate, Adelaide 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Jul 11
90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Jul 11
Sydney sub-regio sub-regio ns
Weekly Wee kly clearance rate, Sydney 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Jul 11
Weekly We ekly c lea learance rance rate, combined capital cit ies
Regional auction results
Jul 12
Jul 13
Jul 14
Jul 15
Jul 16
Jul 17
1 The above results are preliminary, with ‘final’ auction clearance rates published each Thursday. CoreLogic, on average, collects between 85% and 90% of auction results each week. Clearance rates are calculated across properti es that have been taken to auction over the past week.
CoreLogic Property Market Indicator Summary All data to week week ending 16 July 2017 Capital Ca pital ci ty h ome value changes
Daily Da ily home value index, 5 capital cit y aggregate
Weekly change
Monthly change
Yr to dat e change
12 mth change
Sydne y
0.7%
3.1%
7.6%
13 .6 %
Mel bou rne
1.4%
5.0%
9.1%
16 .8 %
Capital Cap ital c ity
Bri s ba ne
0.2%
0.6%
2.0%
4.0%
Adelaide
0.2%
-0.9%
1.8%
1.9%
Pe rth
0.0%
-0.8%
-1.9%
-2.3%
Co m bi ne d 5 c api t als
0 .7%
2 .9%
6 .2%
1 1.2%
*Brisbane results are for the combined Brisbane and Gold Coast region. The monthly change is the change over the past 28 days.
860 840 820 800 780 760 740 720 700 680 660 640 620 600 580
Daily Index Value
Jul 14
Jan 15
Jul 15
Jan 16
Jul 16
Jan 17
Jul 17
Results are based on the CoreLogic Daily Home Value Index. Further information and daily updates updates on the index results are available from http://www.corelogic.com.au/research/daily-indices.html.
Cap it it al al c it it y p ro ro pe per ti ti es es l is is te ted f or or sa sal e
Nu mb mb er er of of ho ho me mes fo fo r s al al e, e, c om om bi bi ne ned c ap ap it it al al c it it ie ies
No of new listings
12 mth change (%)
No of total listings
12 mth change (%)
Sydn ey
6,2 25
16.8%
21,330
13.3%
Melbo urne
7,0 91
10.8%
27,191
0.1 %
Bris b ane
3,9 06
-2.9%
19,547
-1.3%
Capital city
Adelaide
1,792
1.9%
8,116
0.6%
Perth
3,0 28
-12.9%
20,476
-10.7%
Hobart
3 24
10.2%
1,271
-29.2%
Darwin
1 92
13.6%
1,640
0.2 %
5 80
33.6%
1,872
14.8%
23,1 38
5.7%
101,443
-0.4%
Canbe rra Com bined ca c a pit als
160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0
Tota To tall lis listin tings gs
Jul 1 0
Jul 1 1
New Ne w lis listin tings gs
Jul 1 2
Jul 1 3
Jul 1 4
Jul 1 5
Jul 1 6
Jul 1 7
These Thes e re resu sult lts s ar are e ca calc lcul ulat ated ed ac acro ross ss pr prop oper erti ties es th that at hav have e be been en ad adve vert rtis ised ed fo forr sa sale le ov over er th the e pa past st 28 da days ys.. A ne new w li list stin ing g is on one e wh whic ich h ha has s no nott be been en ad adve vert rtis ised ed forr sa fo sale le ov over er th the e pa past st 6 mo mont nths hs,, to tota tall li list stin ings gs in incl clud ude e ne new w li list stin ings gs an and d pr prop oper erti ties es wh whic ich h ha have ve be been en pr prev evio ious usly ly ad adve vert rtis ised ed..
Capi pita tall city city pri priva vate te tre trea aty me medi dia an pric price es HOUSES
UNIT S
Number of Sales
Median price
Number of Sales
Median price
Sy dney
2,543
$950,000
1,724
$720, 000
Melbourne
2,937
$710,000
1,397
$529, 000
Bris bane
1,664
$527,800
393
$380, 000
Adelaide
764
$425,000 $425,00 0
180
$307,000 $307,00 0
Perth
1,017
$499,000
231
$405, 000
Hobart
139
$375,000
49
$287, 000
Capital city
Darwin
33
$530,000
21
$470, 000
Canberra
176
$590,000
104
$412, 000
9,273
$688,560
4,099
$572, 147
Co m b i n e d Ca p i ta l s
Medi dia an hou house se and un unit it pri price ces s $1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0
0 0 0 , 0 5 9 $
Houses Hou ses Uni Units ts
0 0 0 , 0 2 7 $
0 0 0 , 0 1 7 $
0 0 0 , 9 2 5 $
0 0 8 , 7 2 5 $
0 0 0 , 0 8 3 $
0 0 0 , 5 2 4 $
0 0 0 , 7 0 3 $
Sydn Sy dney ey Mel Melbo bour urne ne Br Brisb isban ane e Adelai Adelaide de
0 0 0 , 9 9 4 $
0 0 0 , 5 0 4 $
Pert Pe rth h
0 0 0 , 5 7 3 $
0 0 0 , 7 8 2 $
Hoba Ho bart rt
0 0 0 , 0 3 5 $
0 0 0 , 0 7 4 $
Darwi Da rwin n
0 0 0 , 0 9 5 $
Canb Ca nber erra ra
Private treaty sales represent represent around 85% of all dwelling sales across the country. country. The statistics are 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.
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0 0 0 , 2 1 4 $
CoreLogic Property Market Indicator Summary All data to week week ending 16 July 2017 Capital cit y median time on m arket and Capital and average ave rage vendor disco unti ng results HOUSES
Med i an t i m e o n m ar k et
UNIT S
Capital city
Median TOM
Avg V end or Disc.
Median TOM
Avg Vend or Disc.
Sy dney
31 day s
-4.5%
31 day s
-4.7%
Melbourne
29 day s
-3.8%
31 day s
-4.2%
Brisbane
61 day s
-5.0%
80 day s
-5.9%
Adelaide
57 days
-6.1%
78 days
-6.6%
50 days
Perth
89 day s
-7.9%
103 days
-9.6%
40 days
Hobart Darwin Canberra
35 day s 73 day s 31 day s
Av er ag e v en d o r discounting
-4.6%
43 day s
-10.4%
94 days
-4.3%
54 day s
120 days
Units ts
100 days 90 days 80 days
s y a d 0 8
70 days 60 days
30 days
-4.5%
20 days
-14.7%
10 days
-6.0%
House Hou ses s
110 days
days
s y a d 1 6
s y a d 1 3
s y a d 1 3
s y a d 9 2
s y a d 8 7
s y a d 3 0 s y 1 a d 9 8
s y a d 7 5
s y a d 3 7 s y a d 4 5
s y a s d y 3 a d 4 5 3
s y a d 1 3
Sydney Syd ney Melbou Melbourne Brisbane Adelaide
s y a d 4 9
Perth
Hobart
s y a d 1 3
Darwin
Canberra
0% -1% -2% -3% -4% -5% -6% -7% -8% -9% -10% -11% -12% -13% -14% -15% -16%
% % 5 . 7 . 4 - 4 -
% 8 . % 2 3 . - 4 -
% 0 . 5 - % 9 . 5 -
% 1 . % 6 6 . 6 -
% 3 . 4 -
% % 5 6 . . 4 4 - -
% 9 . 7 -
% 6 . 9 -
% 0 . 6 -
% 4 . 0 1 -
% 7 . 4 1 -
Hous Ho uses es
Unit Un its s
Sydney Melbou b ourne Bris risban bane
Adel Ad elaid a ide
Perth Pe rth
Hobart
Darwin w in
Canberra ra
‘Time on market’ (TOM) is simply the middle number of days between when a property is first listed for sale and the contract date. The rate rate of vendor vendor discounting is the average percentage difference between between the original listing price and the final selling price. The statistics are calculated across results results received by CoreLogic CoreLogic 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 excludes results where there are less than 10 observations.
Mo r t g ag e m ar k et ac t i v i t y Region
Index value
Co r eL o g i c Mo M o r t g ag e In d ex
Month on month change
Month on month change (trend)
National
120.9
-17.8%
-1.5%
NSW
160.2
-15.9%
-3.6%
QLD
109.8
-17.1%
-0.9%
SA
80.9
-16.9%
0.9%
TAS
87.5
-17.3%
-2.1%
VIC
135.2
-19.0%
-0.8%
WA
90.7
-16.2%
-0.4%
180 160 140 120 100 80 60 Mortgage Index 40 Mortgage Index (rolling three month trend) 20 ABS Owner Owner Occupier housin housing g finance commitmen commitments ts (monthly) (monthly) 0 Jul 13 Jan 14 Jul 14 Jan 15 Jul 15 Jan 16 Jul 16 Jan 17
Jul 17
CoreLogic systems monitor more than 100,000 mortgage activity events events every month across our 4 main finance industry industry platforms. Monitoring the activity events across this platform provides a unique and timely lead indicator to housing f inance commitments. The index shows an 81% correlation with the ABS housing finance data series (88% using the seasonally adjusted adjusted series). Based on the strong correlation and significant number of events being monitored, the Mortgage Index provides the most tim ely and holistic measure of mortgage market activity available. available.
L i s t i n g m ar k et ac t i v i t y
Co r eL o g i c Li L i s t i n g In d ex
Index value
Month on month change
National
334.9
-0.3%
-1.7%
NSW
374.7
0.2%
-3.1%
QLD
238.9
-6.0%
-0.9%
SA
296.9
1.1%
-2.1%
TAS
142.3
9.1%
-1.5%
Region
Month on month change (seas adj)
VIC
516.2
5.5%
-0.8%
WA
313.3
-1.5%
-0.8%
450 400 350 300 250 200 150 100 Listing Index 50 Jul 13 Jan 14 Jul 14
Jan 15
Jul 15
Jan 16
Jul 16
Jan 17
Jul 17
The Co The Core reLo Logi gic c Li List stin ings gs In Inde dex x pr provi ovide des s a le lead ad in indi dica cato torr fo forr th the e nu numb mber er of re resi side dent ntia iall dw dwel elli ling ngs s th that at ar are e be bein ing g pr prep epar ared ed fo forr sa sale le ac acro ross ss th the e Au Aust stra rali lian an ho hous usin ing g marrke ma ket. t. Co Core reLo Logi gic c cu cust sto ome mers rs ac acco coun untt fo forr ov over er 70 70% % of al alll li list stin ings gs in th the e Au Aust stra rali lian an pr prop oper erty ty ma mark rket et.. Th The e in inde dex x, whi hich ch tr trac acks ks th the e fl flow ow of me meta tada data ta ac acro ross ss CoreLogic’s re real al es esta tate te da data ta pl plat atfo form rm,, sh show ows s a 75 75% % co corr rrel elat atio ion n wi with th th the e nu numb mber er of ne new w li list stin ings gs ab abou outt to en ente terr th the e ma mark rket et..
3
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CoreLogic Property Market Indicator Summary All data to week week ending 16 July 2017 Top t wo s ales over over t he past week, states and territ ori es
Australian Capital Territory Territory 31 Captain Captain Cook Cresc ent, Griffith, ACT
34 Elimatta Stree Street, t, Reid, ACT
4 bed, 2 bath, bath, 1 car house house $1,515,000 Belle Property Kingston
3 be bed, d, 1 ba bath, th, 2 car ho hous use e $1,360,000 Wright Dunn Real Estate Ainslie
20 Wentworth Street, Dover Heights , NSW NSW
36 Glenmore Road, Paddington, NSW
2 bed, 2 bath, bath, 2 car house house $4,410,000 BradfieldCleary Double Bay
4 bed, 2 bath, bath, 1 car house house $4,000,000 Ray White Paddington
8/5 Ann ear Court, Stuart Park, NT
4/4 Ann ear Court, Stuart Park, NT
3 bed, 2 bath, bath, 2 car unit $480,000 Chin & Associates Cullen Bay
3 bed, 2 bath, bath, 2 car uni unitt $450,000 Absolute Real Estate NT
62 Harris Harris Street, Hawthorne, Qld
45 Orsova Road, Yeronga, Qld
6 bed, 3 bath, bath, 2 car house house $2,040,000 Place Bulimba
5 bed, 4 bath, bath, 2 car house house $2,025,000 Ray White Bulimba
New South Wales
Northern Territory
Queensland
4
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CoreLogic Property Market Indicator Summary All data to week week ending 16 July 2017 Top t wo s ales over over t he past week, states and territ ori es
South Australia 29 Benson Street, Semaphore, SA
85 McLaren Street, Ad elai de, SA
4 bed, 2 bath, bath, 3 car house house $785,000 Raine Rain e & Horne Horne Semaphore
3 bed, 2 bath, bath, 1 car hous house e $776,000 Belle Property Unley
Tasmania 19 Ta Tahune hune Cresce Crescent, nt, Blackmans Bay, Tas
151 Algona Avenue, Round Hill , Tas Tas
5 bed, 2 bath, bath, 2 car house house $935,000 Chartotte Charto tte Peter Peterswald swald Battery Point
4 bed, 2 bat bath, h, 6 car car hous house e $650,000 One Agency Burnie
92 Winmalee Road, Balwyn, Vic
46 Sesame Street, Mount Waverley, Vic
3 bed, 2 bat bath, h, 4 car car house house $2,330,000 Jellis Jell is Cra Craig ig
5 bed, 5 bat bath, h, 2 car car house house $2,248,000 Jellis Jell is Cra Craig ig Mount Waverley
465 Canning Highway, Melvi Me lvi lle, WA
131 Westv Westv iew Street, Scarborough, WA
4 bed, 2 bath, bath, 6 car house house $1,680,000 Acton Fremantle
3 bed, 2 bat bath, h, 2 car car house house $1,055,000 Burswood Peninsula Real Estate Burswood
Victoria
Western Australia
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CoreLogic Property Market Indicator Summary All data to week week ending 16 July 2017 Ab ou t Co reL og ic
CoreLogic Australia is a wholly wholly owned subsidiary of CoreLogic (NYSE: CLGX), CLGX), which is the largest property data and analytics company in the world. world. CoreLogic provides property information, analytics and services across Australia, New Zealand Zealand and Asia, and recently expanded its service offering through the purchase of project activity and building cost information provider Cordell. With Australia’s most comprehensive property databases, the company’s combined data offering is derived from public, contributory and proprietary sources and includes over 500 million decision points spanning over three decades of collection, providing detailed coverage of property and other encumbrances such as tenancy, location, hazard risk and related performance information. With over 20,000 customers and 150,000 end users, CoreLogic is the leading provider of property data, analytics and related services to consumers, investors, real estate, mortgage, finance, banking, building services , insurance, developers, wealth management and government. government. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and geo spatial services. Clients rely on CoreLogic to help identify and manage growth growth opportunities, improve performance and mitigate risk. CoreLogic employs over 650 people across Australia and in New Zealand. For more information call 1300 734 318 or visit www.corelogic.com.au Disclaimers
In compiling this publication, RP Data Pty Ltd trading as CoreLogic has relied upon information supplied by a number of external sources. CoreLogic does not warrant its accuracy or completeness and to the full extent allowed by law excludes liability in contract, tort or otherwise, for any loss or damage sustained by subscribers, or by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the informati on in this publication through any cause whatsoever and limits any liability it may have to the amount paid to CoreLogic for the supply of such information. Queensland Data Based on or contains data provided by the State of Queensland (Department of Natural Resources and Mines) 2017. In consi deration of the State permitting use of this data you acknowledge and agree that the State gives no warranty in relation to the data ( including accuracy, reliability, completeness, currency or suitability) and accepts no liability (including without limitation, liability in negligence) for any loss, damage or costs (including consequential damage) relating to any use of the data. Data must not be used for direct marketing or be used in breach of the privacy laws. South Austr alian Data Data This information is based on data supplied by the South Australian Government and is published by permission. The South Australian Government does not accept any responsibility for the accuracy or completeness of the published information or suitability for any purpose of the published information or the underlying data. New South Wales Data Contains property sales information provided under licence from the Land and Property Information Information (“LPI”). CoreLogic is auth orised as a Property Sales Information provider by the LPI. Victorian Da Data ta The State of Victoria owns the copyright in the Property Sales Data which constitutes the basis of this report and reproducti on of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). (Cth). The State of Victoria does not warrant the accuracy or completeness of the information contained in this report and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied. Western Australian Data Western Based on information provided by and with the permission of the Western Australian Land Information Authority (2017) trading as Landgate. Au st ral ian Capi tal Terr it or y Dat a The Territory Data is the property of the Australian Capital Territory. No part of it may in any form or by any means (electronic, mechanical, microcopying, photocopying, recording or otherwise) be reproduced, stored in a retrieval system or transmitted without prior written permission. Enquiries should be directed to: Director, Director, Customer Services ACT Planning Planning and Land Authority GPO GPO Box 1908 Canberra ACT 2601. Tasmanian Data This product incorporates data that is copyright owned by the Crown in Right of Tasmania. The data has been used in the product with the permission of the Crown Crown in Right of Tasmania. The Crown in Right of Tasmania and its employees and agents:
a) give no warranty regarding the data's accuracy, completeness, currency or suitability for any particular purpose; and b) do not accept liability howsoever arising, including but not limited to negligence for any loss resul ting from the use of or reliance upon the data. Base data from the LIST © State of Tasmania http://www.thelist.tas.gov.au
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