CoreLogic Weekly Market Update Week Ending 2017 August 27

CoreLogic Property Market Indicator Summary
All data to week ending 27 August 2017

Volumes rise across the combined capital cities and return a clearance rate of 71.1 per cent
Auction activity increased across the combined capital cities this week, with 2,239 homes taken to auction; the largest number of
auctions held since the first week of June. The larger volume of auctions returned a preliminary auction clearance rate of 71.1 per
cent, up from last weeks final results when 2,064 auctions were held and 69.8 per cent cleared. Over the corresponding week last
year, the clearance rate was 74.5 per cent and 2,153 auctions were held. It is expected as more results are collected that the final
auction clearance rate will revise lower to remain within the high 60 per cent range, where clearance rates have been tracking since
early June. Melbourne saw a higher volume of auctions this week (1,116), however the clearance rate for the city fell to 73.8 per
cent, while Sydneys preliminary clearance rate increased to 71.6 per cent across a higher volume of auctions week-on-week (814).
Capital city auction statistics (preliminary) Weekly clearance rate, combined capital cities
CoreLogic Clearance Total 90%
Clearance Total Cleared Uncleared
City auction rate auctions
rate auctions
results
auctions auctions
(last year) (last year)
80%
Sydney 71.6% 814 644 461 183 78.5% 788 70%
Melbourne 73.8% 1,116 962 710 252 77.4% 1,060 60%
Brisbane 45.4% 138 97 44 53 44.3% 129
Adelaide 75.5% 68 49 37 12 63.3% 83
50%
Perth 62.5% 33 16 10 6 34.8% 29 40%
Tasmania 83.3% 8 6 5 1 66.7% 3
Canberra 71.2% 62 52 37 15 71.4% 61
30%
Weighted
71.1% 2,239 1,826 1,304 522 74.5% 2,153
20%
Average
10%
0%
Aug 11 Aug 12 Aug 13 Aug 14 Aug 15 Aug 16 Aug 17
CoreLogic
Weekly clearance rate, Melbourne Sydney sub-regions
Clearance Total
auction
100% rate auctions
90% results
80% Central Coast 60.0% 12 10
70%
60% Baulkham Hills and Hawkesbury 79.0% 27 19
50%
40% Blacktown 72.2% 19 18
30%
20% City and Inner South 80.6% 81 67
10% Eastern Suburbs 77.4% 111 93
0%
Aug 11 Aug 12 Aug 13 Aug 14 Aug 15 Aug 16 Aug 17 Inner South West 60.5% 101 76
Inner West 74.5% 60 47
Weekly clearance rate, Sydney North Sydney and Hornsby 77.4% 126 93
100% Northern Beaches
90% 77.2% 74 57
80% Outer South West n.a. 7 7
70%
60% Outer West and Blue Mountains n.a. 4 3
50%
40% Parramatta 71.2% 59 52
30% Ryde 75.0% 33 28
20%
10% South West 57.6% 44 33
0%
Aug 11 Aug 12 Aug 13 Aug 14 Aug 15 Aug 16 Aug 17 Sutherland 57.5% 55 40
Melbourne sub-regions
Weekly clearance rate, Brisbane
100% Inner 74.3% 187 167
90% Inner East 69.2% 133 120
80%
70% Inner South 71.0% 169 138
60%
50% North East 74.4% 143 133
40%
30% North West 83.1% 81 71
20% Outer East 83.3% 85 72
10%
0% South East 69.4% 100 85
West 70.4% 164 135
Mornington Peninsula 85.7% 46 35
Weekly clearance rate, Adelaide
100% Regional auction results
90%
80% Hunter 68.4% 34 19
70%
60% Wollongong n.a. 14 8
50%
40% Gold Coast 57.9% 39 19
30% Sunshine Coast 47.1% 37 17
20%
10% Geelong 87.5% 47 32
0%
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 properties that have been taken to auction over the past week.
Capital city home value changes Daily home value index, 5 capital city aggregate
860
Weekly Monthly Yr to date 12 mth 840 Daily Index Value
Capital city 820
change change change change
800
Sydney -0.4% 0.5% 7.8% 11.6% 780
760
Melbourne -0.2% 0.9% 10.0% 15.4% 740
Brisbane 0.5% 0.7% 1.4% 3.6%
720
700
Adelaide -0.6% 0.8% 3.5% 4.1% 680
660
Perth -0.6% -0.7% -3.0% -3.2% 640
Combined 5 capitals -0.2% 0.6% 6.5% 10.0%
620
600
580
*Brisbane results are for the combined Brisbane and Gold Coast Aug 14 Feb 15 Aug 15 Feb 16 Aug 16 Feb 17 Aug 17
region. The monthly change is the change over the past 28 days.
Results are based on the CoreLogic Daily Home Value Index. Further information and daily updates on the index results are available from
http://www.corelogic.com.au/research/daily-indices.html.
Capital city properties listed for sale Number of homes for sale, combined capital cities
Capital city
No of new 12 mth No of total 12 mth 160,000
listings change (%) listings change (%) Total listings New listings
140,000
Sydney 7,014 9.2% 22,134 16.1%
Melbourne 7,941 3.6% 28,087 2.2%
120,000
Brisbane 3,978 -4.2% 19,459 2.1% 100,000
Adelaide 1,810 -1.7% 7,998 3.8% 80,000
Perth 3,272 -9.6% 19,977 -10.8% 60,000
Hobart 316 -8.9% 1,181 -31.7%
40,000
Darwin 176 15.8% 1,621 0.5%
Canberra 565 -4.9% 1,886 6.7% 20,000
Combined capitals 25,072 1.1% 102,343 1.5% 0
Aug 10 Aug 11 Aug 12 Aug 13 Aug 14 Aug 15 Aug 16 Aug 17
These results are calculated across properties that have been advertised for sale over the past 28 days. A new listing is one which has not been advertised
for sale over the past 6 months, total listings include new listings and properties which have been previously advertised.
Capital city private treaty median prices Median house and unit prices
HOUSES UNITS $1,000,000
$900,000 Houses Units
Number Median Number Median
Capital city
$875,000
of Sales price of Sales price $800,000

Sydney 2,559 $875,000 1,836 $695,000 $700,000
$695,000
$685,000
Melbourne 3,179 $685,000 1,656 $530,000 $600,000

$605,000
Brisbane 1,579 $525,000 350 $386,500 $500,000

$530,000
$525,000
$500,000
$490,000
$400,000
$433,000
Adelaide 775 $433,000 155 $310,000

$415,000
$390,000
$386,500
$385,000
$367,000
Perth 1,218 $490,000 293 $390,000 $300,000

$310,000
$273,500
Hobart 180 $385,000 52 $273,500 $200,000

Darwin 35 $500,000 19 $367,000 $100,000
Canberra 196 $605,000 129 $415,000
$0
Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra
Combined Capitals 9,721 $656,670 4,490 $562,589
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.
2 To access detailed analysis of some of these key indicators on a suburb level, please log into your CoreLogic Professional
system or contact us on info@corelogic.com.au. Alternatively, ring 1300 734 318 to subscribe to Market Trends
Capital city median time on market and Median time on market Average vendor
average vendor discounting results discounting
HOUSES UNITS
Median Avg Vendor Median Avg Vendor 140 days 0%
Capital city Houses Units
TOM Disc. TOM Disc. 130 days -1%
125 days
120 days
-2.9%
-2%
Sydney 31 days -4.8% 31 days -4.4%
-3.3%
110 days
-3%
-4.0%
100 days
-4.4%
-4.4%
Melbourne 28 days -4.0% 30 days -4.4%
-4.6%
-4.8%
90 days -4%
-5.1%
92 days
-5.7%
-5.8%
80 days
84 days
Brisbane 61 days -5.1% 78 days -5.8% -5%
78 days
78 days
-6.4%
70 days
-6%
69 days
Adelaide 61 days -5.7% 69 days -7.4% 60 days
-7.4%
61 days
61 days
-7.8%
50 days -7%
Perth 84 days -7.8% 92 days -9.1%
48 days
40 days
-8.9%
-8%
-9.1%
-9.6%
Hobart 34 days -4.6% 28 days -6.4% 30 days
34 days
31 days
31 days
-9%
30 days
28 days
28 days
26 days
20 days
Darwin 78 days -8.9% 125 days -9.6% -10%
10 days Houses Units
days -11%
Canberra 26 days -2.9% 48 days -3.3% Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra
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 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 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 results where there are less than 10
observations.
Mortgage market activity CoreLogic Mortgage Index

180
Month on month Month on month
Region Index value
change change (trend) 160
National 120.5 -0.9% -0.5%
140
NSW 156.4 -4.1% -0.8%
120
QLD 108.7 0.8% 0.4%
100
SA 79.5 -3.1% 0.5% 80
TAS 88.0 0.8% -0.8% 60
VIC 137.6 0.9% -0.6% 40 Mortgage Index
20 Mortgage Index (rolling three month trend)
WA 90.3 0.5% -0.6%
ABS Owner Occupier housing finance commitments (monthly)
*Data carried over from previous week 0
Aug 13 Feb 14 Aug 14 Feb 15 Aug 15 Feb 16 Aug 16 Feb 17 Aug 17
CoreLogic 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.
Listing market activity CoreLogic Listing Index

450
Month on month Month on month 400
Region Index value
change change (seas adj)
350
National 327.1 -4.1% -0.4%
300
NSW 366.6 -2.7% -1.6%
250
QLD 230.5 -6.1% 0.1%
SA 285.7 -5.8% -1.2%
200
TAS 126.0 -7.6% 0.2% 150
VIC 502.7 -5.2% 0.5% 100
WA 328.0 2.4% 0.9% Listing Index
50
*Data carried over from previous week Aug 13 Feb 14 Aug 14 Feb 15 Aug 15 Feb 16 Aug 16 Feb 17 Aug 17
The CoreLogic Listings Index provides a lead indicator for the number of residential dwellings that are being prepared for sale across the Australian housing
market. CoreLogic customers account for over 70% of all listings in the Australian property market. The index, which tracks the flow of metadata across
CoreLogics real estate data platform, shows a 75% correlation with the number of new listings about to enter the market.
Top two sales over the past week, states and territories
Australian Capital Territory

7 Weld Street, 24 Barrallier Street,
Yarralumla, ACT Griffith, ACT
3 bed, 1 bath, 1 car house 3 bed, 1 bath, 1 car house
$1,390,000 $1,370,000
McGrath Estate Agents Peter Blackshaw
Manuka
New South Wales

1503/61 Macquarie Street, 32 Shadforth Street,
Sydney, NSW Mosman, NSW
3 bed, 2 bath, 2 car unit 5 bed, 4 bath, 2 car house
$7,110,000 $5,675,000
Morton Simeon Manners Property
Sydney Mosman
Northern Territory
58 Cox Drive, 115 Lind Road,
Wagait Beach, NT Johnston, NT
$990,000 $665,000
For sale by owner LJ Hooker
Australia Darwin
Queensland
43 Duke Street, 66 The Sovereign Mile,
Bulimba, Qld Paradise Point, Qld
$2,965,000 $2,200,000
Place Professionals Vertullo
Bulimba
Top two sales over the past week, states and territories
South Australia
11 Woodhurst Avenue, 4 Osborn Avenue,
Hyde Park, SA Beulah Park, SA
$1,085,000 $921,000
Bernard H Booth Real Estate Partners SA
Real Estate
Tasmania
9 Lyne Court, 69 Dillons Hill Road,
Coles Bay, Tas Glaziers Bay, Tas
$850,000 $850,000
LJ Hooker Harcourts
Bicheno Huon Valley/Huonville
Victoria
1 Anthony Street, 20 John Street,
Glen Iris, Vic Kew, Vic
$5,770,000 $5,200,000
Marshall White Kay & Burton
Stonnington Hawthorn
Western Australia
22 Grand Ocean Entrance, 14/87 Waratah Avenue,
Burns Beach, WA Dalkeith, WA
4 bed, 3 bath, 3 car house 2 bed, 2 bath, 2 car unit
$1,397,000 $1,300,000
Thought Leaders Real Estate Central Estate Agents
Gwelup Subiaco
About CoreLogic
CoreLogic Australia is a wholly owned subsidiary of CoreLogic (NYSE: CLGX), which is the largest property data and analytics
company in the world. CoreLogic provides property information, analytics and services across Australia, New Zealand and Asia, and
recently expanded its service offering through the purchase of project activity and building cost information provider Cordell. With
Australias most comprehensive property databases, the companys 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. 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 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 information 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 consideration
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 Australian 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 (LPI). CoreLogic is authorised
as a Property Sales Information provider by the LPI.
Victorian Data
The State of Victoria owns the copyright in the Property Sales Data which constitutes the basis of this report and reproduction of that
data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (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

Based on information provided by and with the permission of the Western Australian Land Information Authority (2017) trading as
Landgate.
Australian Capital Territory Data

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, Customer Services ACT Planning and Land Authority 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 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 resulting from the use of or reliance
upon the data.
Base data from the LIST State of Tasmania http://www.thelist.tas.gov.au

CoreLogic Weekly Market Update Week Ending 2017 August 27

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CoreLogic Property Market Indicator Summary

All data to week ending 27 August 2017

of Sales price of Sales price $800,000

Melbourne 3,179 $685,000 1,656 $530,000 $600,000

Brisbane 1,579 $525,000 350 $386,500 $500,000

Adelaide 775 $433,000 155 $310,000

Perth 1,218 $490,000 293 $390,000 $300,000

Hobart 180 $385,000 52 $273,500 $200,000

Mortgage market activity CoreLogic Mortgage Index

Listing market activity CoreLogic Listing Index

Australian Capital Territory

New South Wales

South Australian Data

New South Wales Data

Western Australian Data

Australian Capital Territory Data

Base data from the LIST State of Tasmania http://www.thelist.tas.gov.au

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