Property market and economy, statistical snapshot and update

Page 1

Monthly Property Market and Economic Chart pack update May 2014


Residential Real Estate Absolutely Underpins Australia’s Wealth Position

Residential Real Estate

$5.4 Trillion Australian AustralianSuperannuation Superannuation

$1.8 $1.5 Trillion Trillion (SMSF $543.4 Billion) Commercial RealStocks Estate Australian Listed

$0.7 Trillion $1.5 Trillion Commercial Commercial Real Real Estate Estate

$0.7 Trillion $0.7 Trillion

2


Each capital city has recorded value growth over the year however, Sydney and Melbourne have been the primary drivers â–ś Combined capital city home values increased by 11.5% over the 12 months to April 2014. â–ś Sydney (16.7%) and Melbourne (11.6%) have been the primary drivers for capital gains over the year, while value growth has accelerated in Brisbane.

Annual change in dwelling value

18.0%

16.7%

Annual change in capital city dwelling values, to April 2014

16.0% 14.0%

11.6%

12.0%

11.5%

10.0%

7.7%

8.0%

6.7%

6.0%

4.7%

4.3%

4.0%

3.8% 1.2%

2.0%

0.0% Sydney

Melbourne Australian Capitals

Perth

Brisbane

3 Source: RP Data - Rismark

Darwin

Hobart

Adelaide

Canberra


The past three months has seen dwelling values shift higher across every capital city â–ś Combined capital city home values have increased by 2.6% over the three months to April 2014. â–ś Darwin (5.1%) and Sydney (4.1%) have each recorded value growth of more than 4.0% over the three months to April 2014.

Change in capital city dwelling values, 3 months to April 2014 Quarterly change in dwelling value

6.0% 5.1%

5.0% 4.1% 4.0%

3.3% 2.8%

3.0%

2.6% 1.9%

2.0%

1.6% 0.7%

1.0%

0.2%

0.0% Darwin

Sydney

Adelaide

Hobart

Australian Brisbane Melbourne Capitals 4

Source: RP Data - Rismark

Perth

Canberra


Dwelling values across all but three of Australia’s capital cities were higher than their previous cycle peaks in April ▶ Combined capital city home values are now 7.5% higher than they were at their previous peak (October 2010), largely driven by significant capital gains across the Sydney market. ▶ Values in Sydney (16.4%), Melbourne (4.2%) Perth (3.2%), Adelaide (0.9%) and Canberra (0.1%) are above their previous peaks.

Change in home values from their previous peak – to April 2014

20.0%

16.4% 15.0% 10.0%

7.5%

5.0%

3.2%

0.0% -5.0%

-10.0%

-4.2%

-4.1%

Brisbane

Darwin

0.1%

0.9%

Canberra

Adelaide

-7.7% Hobart

5 Source: RP Data - Rismark

4.2%

Perth

Melbourne

Sydney

Australian capitals


Units provide a much more affordable entry point to the housing market ▶ Across the combined capital cities, the median selling price of units is currently $100,000 lower than the median selling price of houses. ▶ In Sydney ($226,000), Canberra ($147,500), Melbourne ($142,500), Darwin ($130,000), Perth ($103,000) and Hobart ($102,500) the gap in pricing is in excess of $100,000.

Difference between median house and unit selling prices – 3 months to Apr-14 Capital city median prices

Adelaide

Capital city Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Australian Capitals

Brisbane Australian Capitals Hobart Perth Darwin

Houses $802,000 $615,000 $478,000 $410,000 $547,000 $360,000 $585,000 $560,000 $580,000

Units $576,000 $472,500 $382,750 $327,250 $444,000 $257,500 $455,000 $412,500 $480,000

Melbourne Canberra Sydney $0

$50,000

$100,000 6

Source: RP Data - Rismark

$150,000

$200,000

$250,000


Annual growth in dwelling values remains lower than what was recorded at the peak of previous growth cycles ▶ Housing market conditions across the combined capital cities have been improving since June 2012 after a 7.7% peak to trough decline which lasted nineteen months. ▶ Capital city home values haven’t fallen for 11 months and values across the eight capital city aggregate are 11.5% higher than a year ago and 16.1% higher than their recent trough. ▶ Home values rose 3.8% over the 2012/13 financial year compared to 10.7% so far this financial year.

Annual and quarterly change in capital city home values

25.0% 20.0% 15.0%

Annual change

10.0% 5.0%

0.0%

Quarterly change

-5.0% -10.0% Apr-98

Apr-00

Apr-02

Apr-04

Apr-06 7

Source: RP Data - Rismark

Apr-08

Apr-10

Apr-12

Apr-14


Perth and Darwin have been the standout cities for capital gains over the past decade ▶ Capital city home values have increased at an average annual rate of 4.5% over the ten years to April 2014. ▶ Hobart, Sydney, Canberra and Brisbane have each recorded average annual growth of less than 4.0% over the past decade.

Avg annual value growth last decade

Average annual change in property values – past ten years to April 2014 10.0% 9.0% 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0%

8.8% 7.6% 6.0%

2.6%

Hobart

3.2%

3.4%

3.7%

Sydney

Canberra

Brisbane

Adelaide

8 Source: RP Data - Rismark

4.5%

4.2%

Melbourne

Perth

Darwin

Australian capitals


Sydney has recorded a far superior rate of value growth over the past five years compared to the decade

Avg annual value growth last 5 years

▶ Capital city home values have increased at an average annual rate of 4.4% over the five years to April 2014. ▶ The 4.6% annual increase in home values over the past five years is largely being driven by Sydney and Melbourne with most cities recording annual growth of less than 3.0%.

8.0%

Average annual change in property values – past five years to April 2014 5.9%

6.0%

6.2%

4.4% 3.7%

4.0% 1.9%

2.0%

2.9%

2.4%

0.3%

0.0% -0.7%

-2.0% Hobart

Brisbane

Adelaide

Perth

Canberra 9

Source: RP Data - Rismark

Darwin

Melbourne

Sydney

Australian capitals


The premium sector of the housing market has recorded the greatest value rises over the past year â–ś Across the 12 months to April 2014, the most expensive sector of the housing market has been the best performer and the most affordable markets have been the weakest. â–ś Over the year, the most affordable suburbs have recorded value increases of 9.2% compared to 11.6% across the middle market and an 11.8% increase across the most expensive suburbs.

25.0%

Annual change in values across market segments to April 2014 Bottom 25%

Middle 50%

Top 25%

20.0% 15.0% 10.0% 5.0%

0.0% -5.0% -10.0% Apr-02

Apr-05

Apr-08 10

Source: RP Data - Rismark

Apr-11

Apr-14


National home sales over the three months to February 2014 were 11.6% higher compared with the same period in 2013 Monthly number of house sales - national 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Feb 94

Monthly

Rolling five year average

▶ RP Data estimates that over the 3 months to February 2014, there were 78,590 house sales and 29,206 unit sales nationally. Feb 96

Feb 98

Feb 00

Feb 02

Feb 04

Feb 06

Feb 08

Feb 10

Feb 12

Feb 14

Monthly number of unit sales - national 20,000

Monthly

Rolling five year average

15,000

▶ Estimated unit sales were 10.0% higher over the past three months than they were over the same period in 2013.

10,000 5,000 0 Feb 94

▶ Estimated houses sales over the three months to February 2014 were 12.2% higher than they were over the same period in 2013.

Feb 96

Feb 98

Feb 00

Feb 02

Feb 04

Feb 06

Feb 08

Feb 10

Feb 12

Feb 14

11 Source: RP Data

Note: the last eight months of sales volumes are modelled based on historic levels of revision


Gross rental yields are continuing to erode as value growth outpaces rental growth â–ś Across the combined capital cities, rents sit at $486/week for houses and $453/week for units. â–ś Capital city rents have increased by 2.3% for houses and by 2.9% for units over the past 12 months. â–ś Gross rental yields are currently recorded at 3.8% for houses and 4.6% for units.

Capital city rental rates and gross yields

9.0% Median weekly rent

$500

Gross rental yield

8.0%

$450

7.0%

$400

6.0% $350 5.0%

$300

4.0%

$250

3.0% 2.0% Apr-96

Apr-98

Apr-00

Apr-02

Apr-04

Apr-06 12

Source: RP Data - Rismark

Apr-08

Apr-10

Apr-12

$200 Apr-14


Rental growth remains subdued apart from Sydney Median rent $592 $518

Qtr change 1.0% 1.1%

Houses Melbourne Units

$444 $395

1.2% 1.0%

2.4% 1.3%

3.3% 4.2%

Brisbane

Houses Units

$429 $408

0.2% -0.2%

1.8% -0.4%

4.5% 5.4%

Adelaide

Houses Units

$370 $315

1.0% 0.9%

2.0% 1.5%

4.2% 4.8%

Perth

Houses Units

$505 $456

-0.1% 0.9%

-0.7% 2.2%

4.2% 4.8%

Hobart

Houses Units

$337 $284

0.1% 0.2%

1.4% 2.3%

5.2% 4.9%

Darwin

Houses Units

$631 $497

0.3% 0.4%

2.8% 2.4%

5.8% 6.1%

Canberra

Houses Units

$520 $423

-0.4% 0.0%

-3.6% -5.7%

4.4% 5.1%

Sydney

Houses Units

▶ Across the combined capital cities, rents sit at $486/week for houses and $453/week for units.

12 mth change Rental yield 3.6% 3.7% 4.1% 4.6%

▶ Capital city rents have increased by 2.3% for houses and by 2.9% for units over the past 12 months. ▶ Gross rental yields are currently recorded at 3.8% for houses and 4.6% for units.

▶ Rental growth has been strongest over the past year in Sydney and Darwin. ▶ Rental pressures have been much lower in all other cities. ▶ Darwin has the strongest rental yields while Melbourne has the softest.

13 Source: RP Data - Rismark


Private treaty indicators suggest buyers continue to lose leverage as homes sell faster and vendors offer less discount Average days on market, combined capitals 90 80 70 60 50 40 30 20 10 0 Mar-05

2014: 36 days 2013: 49 days

Mar-06

Mar-07

Mar-08

Mar-09

Mar-10

Mar-11

Mar-12

Mar-13

Mar-14

Average vendor discount, combined capitals

0.0% -1.0% -2.0% -3.0% -4.0% -5.0% -6.0% -7.0% -8.0% -9.0% Mar-05

2014: -5.6% 2013: -5.9%

Mar-06

Mar-07

Mar-08

Mar-09

Mar-10

Mar-11 14

Source: RP Data - Rismark

Mar-12

Mar-13

Mar-14


Both new and total listings are tracking lower as the rate of sale rises â–ś There are currently 236,232 residential properties being advertised for sale nationally; 98,037 of these listings are located within the capital cities. â–ś New listings are 1.4% higher than at the same time last year and -0.4% lower across the capitals. â–ś Total listings are -10.5% lower than at the same time last year and -5.3% lower than last year across the capital cities.

National number of properties advertised for sale

350,000 Total listings

New listings

300,000 250,000

200,000 150,000

100,000 50,000

0 Apr-08

Apr-09

Apr-10

Apr-11 15

Source: RP Data

Apr-12

Apr-13

Apr-14


Auction clearance rates remain at high levels but have eased noticeably over the past month ▶ Auction clearance rates have started 2014 strongly with a week-to-week average of 68.8%. ▶ Capital city auction clearance rates were recorded at a week-to-week average of 66.3% over the same period in 2013. ▶ Over the year to-date, the week-to-week average auction clearance rate has been recorded at 67.8% in Melbourne and 76.8% in Sydney.

90.0%

Rolling 4 week average combined capital city auction clearance rates

80.0% 70.0% 60.0%

50.0% 40.0% 30.0%

20.0% 10.0% 0.0% Apr-09

Apr-10

Apr-11

Apr-12 16

Source: RP Data

Apr-13

Apr-14


RP Data’s Mortgage Index rebounded strongly after the seasonal slump ▶ The RP Data Mortgage Index (RMI) tracks metadata flowing across RP Data’s mortgage platforms, which account for more than 90% of all finance sector residential valuation instructions. ▶ The Index continues to rebound from seasonal lows indicating ongoing strong levels of mortgage demand however, a pause in activity due to recent long weekends have seen volumes fall.

RP Data Mortgage Index, National

180

160 140 120 100 80

60 40 20 0 Apr 10

RP Data Mortgage Index Oct 10

Apr 11

RP Data Mortgage Index (rolling three month trend) Oct 11

Apr 12 17

Source: RP Data

Oct 12

Apr 13

Oct 13

Apr 14


Real estate agent activity across RP Data platforms has fallen from record highs however agent activity remains elevated ▶ The RP Data Listings Index (RLI) provides a lead indicator for the number of new listings about to enter the market. The index is based on the metadata that flows across RP Data’s online real estate data platforms which account for about 70-80% of all real estate agent traffic nationally. ▶ The correlation with new listings being added to the market is high, which indicates that new listing activity will continue to fall over the coming weeks.

RP Data Listings Index, National

450 400 350 300 250 200 150 100

50 0 Apr 10

Oct 10

Apr 11

Oct 11

Apr 12 18

Source: RP Data

Oct 12

Apr 13

Oct 13

Apr 14


Key housing market indicators, New South Wales


Annual change in home values across regional New South Wales areas

SD Sydney Hunter Illawarra Richmond-Tweed Mid-North Coast Northern North Western Central West South Eastern Murrumbidgee Murray Far West

10% plus 5% to 10% 0% to 5% -5% to 0% -5% or less Source: RP Data - Rismark

Qtr 4.4% 5.0% 2.1% 4.3% 6.1% 1.4% 4.2% 2.6% 5.2% 2.7% 4.9% 4.4%

HOUSES 12 mth 5 yr 17.7% 6.4% 11.4% 5.7% 4.3% 3.6% 2.5% 1.8% 14.4% 4.4% 6.8% 7.2% 6.0% 5.3% 6.1% 5.1% 17.9% 5.7% 4.4% 2.7% 10.7% 5.9% 10.6% 6.1%

From peak 0.0% 0.0% -0.1% -0.7% 0.0% 0.0% 0.0% -1.0% 0.0% -0.2% -0.2% 0.0%

Qtr 2.8% 0.9% 2.6% 1.9% 3.4% na na na 1.7% na na na

UNITS 12 mth 5 yr 12.4% 5.3% 6.7% 3.7% 6.3% 5.5% 3.3% -1.3% 0.7% 1.6% na na na na na na 2.6% 3.2% na na na na na na

From peak 0.0% 0.0% 0.0% -8.8% -0.4% na na na 0.0% na na na

Note: capital city values are up to April 2014 whereas all other markets are to March 2014. 5 yr figure is the 5 yr average annual change and from peak indicates the change from the market peak, if 0.0% it means values are currently at their record high.

20


Sydney dwellings continue to outperform the broader capital city average for value growth ▶ Over the past year, Sydney home values have increased by 16.7%. ▶ Sydney home values have risen by 4.1% over the three months to April 2014 and by 0.5% over the month of April. ▶ House values have increased by 17.7% over the year compared to a 12.4% increase in unit values.

Annual and quarterly change in Sydney home values

30.0% 25.0%

Annual change, Sydney

20.0% Annual change, Combined capitals

15.0% 10.0% 5.0% 0.0%

Quarterly change, Sydney

-5.0% -10.0% Apr-98

Apr-00

Apr-02

Apr-04

Apr-06 21

Source: RP Data - Rismark

Apr-08

Apr-10

Apr-12

Apr-14


House sales in Sydney have trended much higher over the past year as value growth has escalated Monthly number of house sales - Sydney 10,000

Monthly

Rolling five year average

8,000

▶ RP Data estimates that over the three months to February 2014, there were 12,091 house sales and 7,945 unit sales across Sydney.

6,000

4,000 2,000 0 Feb 94

Feb 96

Feb 98

Feb 00

Feb 02

Feb 04

Feb 06

Feb 08

Feb 10

Feb 12

Feb 14

Monthly number of unit sales - Sydney 7,000

Monthly

Rolling five year average

6,000

5,000

▶ Estimated houses sales are 15.7% higher over the three months to February 2014 than they were over the same period in 2013. ▶ Estimated unit sales are 5.8% higher than they were over the same three month period a year ago.

4,000 3,000 2,000

1,000 0 Feb 94

Feb 96

Feb 98

Feb 00

Feb 02

Feb 04

Feb 06

Feb 08

Feb 10

Feb 12

Feb 14

22 Source: RP Data

Note: the last eight months of sales volumes are modelled based on historic levels of revision


Key housing market indicators, Victoria


Annual change in home values across regional Victorian areas

SD Melbourne Barwon Western District Central Highlands Wimmera Mallee Loddon Goulburn Ovens-Murray East Gippsland Gippsland

Qtr 1.7% 1.8% 4.0% 1.8% 2.6% 2.3% 3.3% 2.3% 0.2% 0.3% 1.1%

HOUSES 12 mth 5 yr 12.2% 6.0% 2.6% 5.1% 6.0% 7.6% 6.6% 5.0% 4.9% 5.9% 4.3% 4.3% 6.0% 7.5% 3.4% 4.0% 1.8% 1.9% 1.5% 3.3% 2.6% 3.6%

From peak 0.0% -0.5% 0.0% -0.4% 0.0% 0.0% 0.0% -0.4% -0.7% -0.2% 0.0%

Qtr 0.7% 2.4% na na na na na na na na na

UNITS 12 mth 5 yr 6.8% 4.7% 2.0% 2.9% na na na na na na na na na na na na na na na na na na

From peak 0.0% -4.2% na na na na na na na na na

Note: capital city values are up to April 2014 whereas all other markets are to March 2014. 5 yr figure is the 5 yr average annual change and from peak indicates the change from the market peak, if 0.0% it means values are currently at their record high.

10% plus 5% to 10% 0% to 5% -5% to 0% -5% or less Source: RP Data - Rismark

24


Home values in Melbourne have recorded the second largest Heading increases of all capital cities over the past year ▶ Over the last 12 months, Melbourne dwelling values have increased by 11.6%. ▶ Home values fell by -0.5% in April but have risen by 1.6% over the three months to April 2014. ▶ House values have increased by 12.2% over the past year compared to an 6.8% increase in unit values.

Annual and quarterly change in Melbourne home values

30.0% 25.0%

Annual change, Melbourne

20.0%

Annual change, Combined capitals

15.0% 10.0% 5.0% 0.0%

Quarterly change, Melbourne

-5.0% -10.0% Apr-98

Apr-00

Apr-02

Apr-04

Apr-06 25

Source: RP Data - Rismark

Apr-08

Apr-10

Apr-12

Apr-14


Melbourne house sales were at similar levels throughout 2013 to those reached in 2009 Monthly number of house sales - Melbourne 8,000 7,000

Monthly

Rolling five year average

6,000

▶ Based on RP Data’s estimates, there were 11,603 Melbourne house sales over the three months to February 2014 and 5,387 unit sales.

5,000 4,000 3,000 2,000 1,000 0 Feb 94

Feb 96

Feb 98

Feb 00

Feb 02

Feb 04

Feb 06

Feb 08

Feb 10

Feb 12

Feb 14

Monthly number of unit sales - Melbourne 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 Feb 94

Monthly

Rolling five year average

▶ Based on these estimates, Melbourne house sales were 2.1% higher over the most recent three months than over the three months to February 2013. ▶ Unit sales estimates are 11.4% higher than over the corresponding three month period in 2013.

Feb 96

Feb 98

Feb 00

Feb 02

Feb 04

Feb 06

Feb 08

Feb 10

Feb 12

Feb 14

26 Source: RP Data

Note: the last eight months of sales volumes are modelled based on historic levels of revision


Key housing market indicators, Queensland


Annual change in home values across regional Queensland areas 10% plus 5% to 10% 0% to 5% -5% to 0% -5% or less

SD Brisbane Gold Coast Sunshine Coast West Moreton Wide Bay-Burnett Darling Downs South West Fitzroy Central West Mackay Northern Far North North West

Qtr 1.9% 2.8% 1.4% -0.5% 0.1% 1.2% 2.5% 0.9% 2.5% 0.7% 0.6% 2.7% 2.5%

HOUSES 12 mth 5 yr 7.1% 0.3% 4.8% -0.7% 2.1% -0.4% -2.4% -1.5% 0.1% -2.2% 2.8% 1.7% 3.9% 1.0% -3.6% 1.7% 3.9% 1.0% -0.5% 2.8% -3.4% -1.3% 5.0% 0.8% 3.9% 1.0%

From peak -4.1% -4.5% -3.9% -10.0% -11.8% 0.0% 0.0% -5.8% 0.0% -4.9% -8.3% 0.0% 0.0%

Qtr 1.4% 0.5% -0.5% na -0.1% 1.2% na na na na -0.8% -1.2% na

UNITS 12 mth 5 yr 2.8% 0.9% -0.7% -2.3% 0.6% -1.7% na na 0.0% -2.1% 4.4% -2.7% na na na na na na na na -7.8% -4.4% -0.8% -2.7% na na

From peak -5.3% -12.2% -10.0% na -12.0% -16.5% na na na na -24.3% -14.4% na

Note: capital city values are up to April 2014 whereas all other markets are to March 2014. 5 yr figure is the 5 yr average annual change and from peak indicates the change from the market peak, if 0.0% it means values are currently at their record high.

28 Source: RP Data - Rismark


Brisbane home values continue to rise but at a much slower pace than those in Sydney and Melbourne ▶ Brisbane home values increased by 6.7% over the twelve months to April 2014. ▶ Home values increased by 1.1% in April 2014 and they are 1.9% higher over the past three months. ▶ Over the past twelve months, house values have increased by 7.1% compared to a 2.8% increase in unit values.

Annual and quarterly change in Brisbane home values

40.0% 35.0%

Annual change, Brisbane

30.0% 25.0% 20.0%

Annual change, Combined capitals

15.0%

10.0% 5.0% 0.0%

Quarterly change, Brisbane

-5.0%

-10.0% Apr-98

Apr-00

Apr-02

Apr-04

Apr-06 29

Source: RP Data - Rismark

Apr-08

Apr-10

Apr-12

Apr-14


The number of home sales across Brisbane is trending higher Heading but they remain low on an historic basis Monthly number of house sales - Brisbane 7,000

Monthly

Rolling five year average

6,000 5,000

▶ Based on RP Data’s estimates, there were 8,202 Brisbane house sales over the three months to February 2014 and 3,447 unit sales.

4,000 3,000

2,000 1,000 0 Feb 94

Feb 96

Feb 98

Feb 00

Feb 02

Feb 04

Feb 06

Feb 08

Feb 10

Feb 12

Feb 14

Monthly number of unit sales - Brisbane 2,500

Monthly

Rolling five year average

▶ Based on these estimates, Brisbane house sales were 28.6% higher over the past three months than over the same period in 2013.

2,000

▶ Unit sales estimates are 23.9% higher than over the same three month period 12 months ago.

1,500 1,000 500 0 Feb 94

Feb 96

Feb 98

Feb 00

Feb 02

Feb 04

Feb 06

Feb 08

Feb 10

Feb 12

Feb 14

30 Source: RP Data

Note: the last eight months of sales volumes are modelled based on historic levels of revision


Key housing market indicators, South Australia


Annual change in home values across regional South Australian areas

SD Adelaide Outer Adelaide Yorke and Lower North Murray Lands South East Eyre Northern

Qtr 3.5% 1.0% 0.9% 0.8% 0.9% 0.2% 1.6%

HOUSES 12 mth 5 yr 4.3% 2.1% 2.9% 2.3% -0.6% 0.3% 2.1% 0.6% 0.1% 0.5% 1.3% 1.2% 2.1% 0.5%

From peak 0.0% -0.4% -14.0% -2.9% -5.7% -3.0% -2.7%

Qtr 0.8% na na na na na na

UNITS 12 mth 5 yr -1.4% -0.3% na na na na na na na na na na na na

From peak -8.2% na na na na na na

Note: capital city values are up to April 2014 whereas all other markets are to March 2014. 5 yr figure is the 5 yr average annual change and from peak indicates the change from the market peak, if 0.0% it means values are currently at their record high.

10% plus 5% to 10% 0% to 5% -5% to 0% -5% or less

32 Source: RP Data - Rismark


Adelaide home values are trending higher albeit at a fairly moderate pace to-date ▶ Home values in Adelaide have increased by 3.8% over the twelve months to April 2014. ▶ Adelaide home values rose by 2.1% in April and were 3.3% higher over the three months to April 2014. ▶ House values have increased by 4.3% over the past year compared to a -1.4%% fall in unit values.

Annual and quarterly change in Adelaide home values

30.0% 25.0% 20.0%

Annual change, Combined capitals

Annual change, Adelaide

15.0% 10.0% 5.0% 0.0%

Quarterly change, Adelaide

-5.0% -10.0% Apr-98

Apr-00

Apr-02

Apr-04

Apr-06 33

Source: RP Data - Rismark

Apr-08

Apr-10

Apr-12

Apr-14


Adelaide Heading house sales are sitting slightly above five year average levels and units slightly below Monthly number of house sales - Adelaide 3,000

Monthly

Rolling five year average

2,500

▶ RP Data estimates that there were 4,921 Adelaide house sales over the three months to February 2014 and 1,512 unit sales.

2,000 1,500 1,000

500 0 Feb 94

Feb 96

Feb 98

Feb 00

Feb 02

Feb 04

Feb 06

Feb 08

Feb 10

Feb 12

Feb 14

Monthly number of unit sales - Adelaide 1,000

Monthly

Rolling five year average

▶ Adelaide house sales over the past three months are estimated to be 16.8% higher than they were over the three months to February 2013.

800

▶ Sales estimates for units indicate that sales activity over the most recent three months is 11.3% higher than the same period a year ago.

600 400 200 0 Feb 94

Feb 96

Feb 98

Feb 00

Feb 02

Feb 04

Feb 06

Feb 08

Feb 10

Feb 12

Feb 14

34 Source: RP Data

Note: the last eight months of sales volumes are modelled based on historic levels of revision


Key housing market indicators, Western Australia


Annual change in home values across regional Western Australian areas

SD Perth South West Lower Great Southern Upper Great Southern Midlands South Eastern Central Pilbara Kimberley

Qtr 0.6% 3.4% 0.3% 4.1% -1.4% 1.2% 7.6% 4.1% 4.1%

HOUSES 12 mth 5 yr 7.8% 2.4% 7.1% 4.8% 2.8% 1.1% 9.2% 5.6% -9.1% -0.3% 1.2% 0.9% 10.6% 8.8% 9.2% 5.6% 9.2% 5.6%

From peak 0.0% -0.3% -4.7% 0.0% -24.5% -1.3% -0.2% 0.0% 0.0%

Qtr 1.2% 1.6% na na na na na na na

UNITS 12 mth 5 yr 6.4% 1.9% 9.2% 8.1% na na na na na na na na na na na na na na

From peak 0.0% -1.4% na na na na na na na

Note: capital city values are up to April 2014 whereas all other markets are to March 2014. 5 yr figure is the 5 yr average annual change and from peak indicates the change from the market peak, if 0.0% it means values are currently at their record high.

10% plus 5% to 10% 0% to 5% -5% to 0% -5% or less

36 Source: RP Data - Rismark


The Perth housing market has moved through the peak of the growth cycle ▶ Perth home values have increased by 7.7% over the past year. ▶ Perth’s home values increased by 0.2% in April and rose by 0.7% over the three months to April 2014. ▶ House values have increased by 4.3% over the past year compared to a -1.4% fall in unit values.

Annual and quarterly change in Perth home values

50.0% 40.0%

Annual change, Perth

30.0% 20.0%

Annual change, Combined capitals

10.0% 0.0%

-10.0% Apr-98

Quarterly change, Perth

Apr-00

Apr-02

Apr-04

Apr-06 37

Source: RP Data - Rismark

Apr-08

Apr-10

Apr-12

Apr-14


Transaction activity in Perth may have peaked with sales trailing off over the second half of 2013 Monthly number of house sales - Perth 5,000 Monthly

Rolling five year average

4,000

▶ RP Data estimates that there were 8,021 Perth house sales over the three months to February 2014 and 1,617 unit sales.

3,000

2,000 1,000 0 Feb 94

Feb 96

Feb 98

Feb 00

Feb 02

Feb 04

Feb 06

Feb 08

Feb 10

Feb 12

Feb 14

Monthly number of unit sales - Perth

▶ Perth house sales are currently estimated to be -0.9% lower than over the same three month period in 2013.

1,200

Monthly

Rolling five year average

▶ Sales estimates for units indicate that sales activity over the most recent three months is -15.2% lower than a year ago.

1,000

800 600 400

200 0 Feb 94

Feb 96

Feb 98

Feb 00

Feb 02

Feb 04

Feb 06

Feb 08

Feb 10

Feb 12

Feb 14

38 Source: RP Data

Note: the last eight months of sales volumes are modelled based on historic levels of revision


Key housing market indicators, Tasmania


Annual change in home values across regional Tasmanian areas

SD Greater Hobart Southern Northern Mersey-Lyell

Qtr 2.2% 5.7% 0.9% 0.0%

HOUSES 12 mth 5 yr 4.6% -0.8% 9.3% 9.5% 0.3% 0.2% -1.1% 0.5%

From peak -8.5% 0.0% -4.6% -3.3%

Qtr 8.9% na na na

UNITS 12 mth 5 yr 1.0% 0.3% na na na na na na

From peak -5.4% na na na

Note: capital city values are up to April 2014 whereas all other markets are to March 2014. 5 yr figure is the 5 yr average annual change and from peak indicates the change from the market peak, if 0.0% it means values are currently at their record high.

10% plus 5% to 10% 0% to 5% -5% to 0% -5% or less 40 Source: RP Data - Rismark


Hobart has recorded stronger value growth over recent months perhaps indicating an improvement in market conditions ▶ Hobart home values have increased by 4.3% over the last 12 months. ▶ Home values increased by 0.2% in April and have increased by 2.8% over the past three months. ▶ Values of houses have increased by 4.6% over the last 12 months while the unit market saw values increase by 1.0%.

Annual and quarterly change in Hobart home values

70.0% 60.0%

Annual change, Hobart

50.0%

40.0% 30.0% 20.0%

Annual change, Combined capitals

10.0%

0.0% -10.0% Apr-98

Quarterly change, Hobart

Apr-00

Apr-02

Apr-04

Apr-06 41

Source: RP Data - Rismark

Apr-08

Apr-10

Apr-12

Apr-14


Hobart sales activity has fallen to below average levels over recent months Monthly number of house sales - Hobart 600 Monthly

Rolling five year average

500

â–ś Based on current estimates by RP Data, Hobart recorded 648 house sales and 217 unit sales over the three months to February 2014.

400 300 200 100 0 Feb 94

Feb 96

Feb 98

Feb 00

Feb 02

Feb 04

Feb 06

Feb 08

Feb 10

Feb 12

Feb 14

Monthly number of unit sales - Hobart 180 160 140 120 100 80 60 40 20 0 Feb 94

Monthly

Rolling five year average

â–ś House sales over the three months to February 2014 are estimated to be -11.2% lower than at the same time last year. â–ś Across the unit market, it is estimated sales activity over the three months is 6.9% higher than in 2013.

Feb 96

Feb 98

Feb 00

Feb 02

Feb 04

Feb 06

Feb 08

Feb 10

Feb 12

Feb 14

42 Source: RP Data

Note: the last eight months of sales volumes are modelled based on historic levels of revision


Key housing market indicators, Darwin


Darwin’s housing market conditions have softened after significant capital gains over the past decade ▶ Home values across the city have increased by 4.7% over the past year. ▶ Home values increased by 1.1% over April 2014 and they have increased by 5.1% over the past three months. ▶ House values have increased by 5.1% over the past year compared to a 3.0% increase in unit values. 30.0%

Annual and quarterly change in Darwin home values

25.0% Annual change, Darwin

20.0% 15.0% 10.0%

Annual change, Combined capitals

5.0%

0.0%

Quarterly change, Darwin

-5.0% -10.0% -15.0%

-20.0% Apr-02

Apr-04

Apr-06

Apr-08 44

Source: RP Data - Rismark

Apr-10

Apr-12

Apr-14


Home sales across Darwin remain around the five year average Monthly number of house sales - Darwin 350 300

Monthly

Rolling five year average

250

▶ Based on current estimates by RP Data, Darwin recorded 528 house sales and 277 unit sales over the three months to February 2014.

200

150 100 50 0 Feb 00

Feb 02

Feb 04

Feb 06

Feb 08

Feb 10

Feb 12

Feb 14

Monthly number of unit sales - Darwin 200

Monthly

Rolling five year average

150

▶ Across the unit market, it is estimated sales activity is 14.5% higher over the past three months than over the same period in 2013.

100 50 0 Feb 00

▶ Over the three months to February 2014 house sales across Darwin are estimated to be -1.1% lower than at the same time the previous year.

Feb 02

Feb 04

Feb 06

Feb 08

Feb 10

Feb 12

Feb 14

45 Source: RP Data

Note: the last eight months of sales volumes are modelled based on historic levels of revision


Key housing market indicators, Canberra


Canberra growth conditions have slowed substantially over the past six months ▶ Home values have increased by 1.2% over the past 12 months. ▶ Home values fell by -1.1% in April 2014 however, they are 0.2% higher over the past three months. ▶ Values of houses rose by 0.9% over the last 12 months compared to a 5.4% increase in unit values.

Annual and quarterly change in Canberra home values

35.0% 30.0%

Annual change, Canberra

25.0% 20.0% 15.0%

Annual change, Combined capitals

10.0% 5.0% 0.0%

Quarterly change, Canberra

-5.0%

-10.0% Apr-98

Apr-00

Apr-02

Apr-04

Apr-06 47

Source: RP Data - Rismark

Apr-08

Apr-10

Apr-12

Apr-14


Canberra house sales have trended higher while unit sales are Heading trending much lower Monthly number of house sales - Canberra 1,000 Monthly

Rolling five year average

800

▶ RP Data’s current estimate of sales activity across Canberra shows that over the three months to February 2014 there were 1,080 house sales and 678 unit sales

600

400 200 0 Feb 94

Feb 96

Feb 98

Feb 00

Feb 02

Feb 04

Feb 06

Feb 08

Feb 10

Feb 12

Feb 14

▶ In comparison to activity over the three months to February 2013, current house sales across Canberra are 21.1% higher.

Monthly number of unit sales - Canberra 1,000

Monthly

Rolling five year average

800

▶ Unit market sales transactions over the three months to February 2014 were -3.3% lower than over the same period in 2013.

600 400 200 0 Feb 94

Feb 96

Feb 98

Feb 00

Feb 02

Feb 04

Feb 06

Feb 08

Feb 10

Feb 12

Feb 14

48 Source: RP Data

Note: the last eight months of sales volumes are modelled based on historic levels of revision


Commercial data


Yields across Australia’s non-residential markets are typically much higher than the housing market Perth

8.2

Melbourne

Office

8.4

Adelaide

8.8

Brisbane

8.9

Sydney

8.4

0

1

2

3

4

5

6

7

8

Perth 9.4

Adelaide

9.3

Brisbane

9.1

Sydney

9.6

0

2

4

6

8

10

Perth

12

7.1

Adelaide

8.8

Brisbane

9.2

Sydney

8.1

0

1

2

3

4

5

50 Source: RP Data, Cityscope *6 months ending February 2014

14

8.2

Melbourne

Retail

10

11.9

Melbourne

Industrial

9

6

7

8

9

10


Commercial sales each quarter

51 Source: CB Richard Ellis


Commercial property prime rents over time

52 Source: CB Richard Ellis


CBD office rents and capital values

53 Source: CB Richard Ellis


Economic overview


Headline Heading inflation is at the top-end of the RBA’s target range but underlying inflation is comfortably in the middle of the range ▶ All groups inflation increased by 0.6% over the March 2014 quarter and is currently recorded at an annual rate of 2.9%. ▶ The RBA’s preferred inflation measure, the average of the weighted median and trimmed mean was recorded at 2.6% over the year after rising 0.5% over the quarter.

Annual change in Consumer Price Index

7.0% 6.0% 5.0%

4.0% 3.0%

RBA Target Range

2.0% 1.0% 0.0% All groups

-1.0% Mar-94

Mar-98

Mar-02

Mar-06 55

Source: ABS, RP Data

Avg of trimmed mean and weighted median

Mar-10

Mar-14


The Australian economy grew by 0.8% over the December 2013 quarter, up from 0.6% growth in the September quarter â–ś GDP rose by 0.8% over the final quarter of 2013, taking the annual growth in the Australian economy to 2.7%. â–ś The total value of economic growth over the past year has been $1.55 trillion.

Quarterly and annual change in GDP

10.0

Quarterly change

Annual change

Percentage change

8.0

6.0 4.0 2.0

0.0 -2.0 -4.0 Dec-83

Dec-86

Dec-89

Dec-92

Dec-95

Dec-98 56

Source: ABS, RP Data

Dec-01

Dec-04

Dec-07

Dec-10

Dec-13


Household savings remain elevated but fell quite sharply over the December 2013 quarter â–ś The household savings ratio was recorded at 9.7% over the December 2013 quarter, down from 10.5% over the previous quarter and was at its lowest level since the June 2010 quarter. â–ś The household savings ratio has been recorded at an average of 10.8% over the past five years compared to an average of 3.4% over the previous five years.

Rolling four quarter average household savings ratio

25.0% 20.0% 15.0% 10.0%

5.0% 0.0% -5.0% Dec-73

Dec-77

Dec-81

Dec-85

Dec-89

Dec-93 57

Source: ABS, RP Data

Dec-97

Dec-01

Dec-05

Dec-09

Dec-13


There has now been no change in official interest rates for eight months with the RBA holding firm at 2.5% in April ▶ At their April board meeting, the RBA decided to keep official rates on hold at 2.5%. ▶ The average standard variable mortgage rate is recorded at 5.95%, the discounted variable rate is 5.10% and the average three year fixed rate also sits at 5.2%. ▶ With recent positive data flows, the likelihood of further cash rate cuts is looking remote.

Mortgage rates vs. cash rate

14.0%

Standard variable mortgage rates

3 yr fixed mortgage rates

Cash rate

12.0%

10.0% 8.0% 6.0% 4.0% 2.0% 0.0% Apr-92

Apr-94

Apr-96

Apr-98

Apr-00

Apr-02 58

Source: RBA, RP Data

Apr-04

Apr-06

Apr-08

Apr-10

Apr-12

Apr-14


The national unemployment rate fell to 5.8% in March 2014 ▶ The national unemployment rate was recorded at 5.8% in March 2014, down from 6.1% over the month but up from 5.6% a year ago. ▶ The full-time unemployment rate was a much higher 6.1% over the month. ▶ The workforce participation rate was recorded at 64.7% in March, down from 64.9% in February. ▶ Tasmania has the country’s highest unemployment rate at 7.4% and the ACT the lowest at 3.4%.

National unemployment rate

12%

Unemployment Rate Moving annual average

8% 6%

TAS SA

VIC QLD NSW

4%

WA NT

ACT 0.0%

1.0%

Mar-84

2.0%

Mar-87

3.0%

4.0% 5.0% Unemployment rate (%)

Mar-90

6.0%

7.0%

Mar-93

8.0%

9.0%

Mar-96

Mar-99 59

Source: ABS, RP Data

Mar-02

Mar-05

Mar-08

Mar-11

2% Mar-14

Unemployment Rate

10%


Full time jobs growth rebounded in March potentially signalling an improvement in employer confidence â–ś Over the 12 months to March 2014, full-time employment increased by 23,400 persons compared with an annual increase of 25,300 the previous year. â–ś Part-time employment increased by 98,600 persons over the last year compared to an increase of 71,500 persons over the same period in 2013.

Annual growth in full-time and part-time employment

Annual change in no of employed persons (,000)

400.0

Full-time employment

Part-time employment

300.0 200.0 100.0

0.0 -100.0 -200.0 Mar-98

Mar-00

Mar-02

Mar-04

Mar-06 60

Source: ABS, RP Data

Mar-08

Mar-10

Mar-12

Mar-14


Consumer sentiment rose slightly in April but remains at a fairly neutral setting â–ś The Index of Consumer Sentiment was recorded at 99.7 points in April, up slightly from 99.5 points in March and -4.9% lower year-on-year. â–ś The Consumer Sentiment Index now sits at a neutral setting with pessimists slightly outweighing optimists.

Consumer Sentiment Index

130 120 110 100 90

80 Consumer Sentiment Index

70 Apr-94

Apr-96

Apr-98

Apr-00

Six month rolling average

Apr-02

Apr-04 61

Source: Westpac-Melbourne Institute, RP Data

Apr-06

Apr-08

Apr-10

Apr-12

Apr-14


Consumer sentiment has a significant influence on sales transactions and movement in home values Consumer sentiment vs. sales volumes 140

30,000

120

25,000

100

20,000

80 15,000 60 10,000

40

5,000

20 Consumer Sentiment (LHS) 0 Apr-94

Apr-96

Apr-98

Apr-00

Sales vols (Syd, Mel and Bris) (RHS) Apr-02

Apr-04

Apr-06

Apr-08

Apr-10

Apr-12

0 Apr-14

▶ There is a strong correlation between the six month average consumer sentiment and the number of house and unit sales. ▶ This link is logical, if confidence is higher, people are more likely to spend on high commitment purchases such as residential property. ▶ There is also a strong correlation between the annual change in six month average consumer sentiment and the annual change in capital city home values.

Consumer sentiment vs. home values (annual change) 40.0% 30.0% 20.0%

▶ If sales are increasing and there is an improvement in confidence you would anticipate the increased activity is likely to push home values higher.

10.0% 0.0% -10.0% -20.0% -30.0% -40.0% Apr-98

Consumer sentiment Apr-00

Apr-02

Capital city home values Apr-04

Apr-06

Apr-08

Apr-10

Apr-12

Apr-14

62 Source: Westpac-Melbourne Institute, RP Data


The proportion and number of first home buyers remains at near record lows in February 2014 â–ś The number of first home buyer finance commitments fell by -12.8% over the month of January and they are -0.4% lower year-on-year. â–ś As a proportion of all owner occupier housing finance commitments, first home buyers rose slightly over the month to 13.2% from 12.7% in January 2014. 20,000 18,000

First home buyer housing finance commitments Monthly commitments

Rolling 12 mth average

16,000

14,000 12,000 10,000 8,000 6,000

4,000 2,000 0 Feb-94

Feb-98

Feb-02

Feb-06 63

Source: ABS, RP Data

Feb-10

Feb-14


New housing finance commitments are trending higher but remain well below the recent highs from 2009 ▶ Year-on-year, total owner occupier refinance commitments have increased by 15.8% while owner occupier commitments excluding refinances have increased by 12.9%. ▶ Overall, the figures highlight that there has been a fairly substantial pick-up in demand for housing finance over the year which is attributable to the ongoing low mortgage rates and highlighted by rising sales.

Owner occupier housing finance commitments – new vs. refinance 50,000

Finance commitments

Refinances

Total excluding refinances

40,000

12 mth trend

30,000 20,000

12 mth trend

10,000 0 Feb-94

Feb-96

Feb-98

Feb-00

Feb-02

Feb-04 64

Source: ABS, RP Data

Feb-06

Feb-08

Feb-10

Feb-12

Feb-14


The value of investment housing finance commitments continues to trend higher â–ś The total value of investment finance commitments increased by 4.4% in February 2014 and the value of investor loans is up 32.3% year-on-year. â–ś Investment finance commitments currently account for 38.8% of the total value of all housing finance commitments compared to 36.6% a year ago.

12.0

Total value of investment finance commitments

10.0

$billion

8.0 6.0 4.0 2.0

0.0 Feb-94

Feb-98

Feb-02

Feb-06 65

Source: ABS, RP Data

Feb-10

Feb-14


The annual growth in outstanding private sector housing credit continues to inch higher â–ś The total value of outstanding private sector housing credit has increased by 5.9% over the 12 months to March 2014, the highest rate of annual growth since July 2011. â–ś Growth in owner occupier housing credit (4.9%) was outpaced by growth in credit for investment housing (7.9%) which was at its highest growth rate since January 2011.

35.0%

Private sector housing credit (Owner occupiers and Investors)

30.0% 25.0% 20.0% 15.0%

10.0% 5.0% Owner occupier housing

0.0% Mar-94

Mar-98

Investment housing

Mar-02

Mar-06 66

Source: RBA, RP Data

Mar-10

Mar-14


Dwelling approvals are trending towards record levels, largely driven by units rather than houses ▶ Total dwelling approvals were 23.2% higher in February 2014 than they were in February 2013 – an encouraging sign that housing construction is continuing to pick up. ▶ Over the month of February 2014, approvals fell by -5.0%. ▶ The annual number of approvals over the 12 months to February 2014 is 18.4% higher than the same period last year and approvals are at their highest level since February 1995.

Total dwelling approvals

20,000 Total dwelling approvals

Total dwelling approvals (6 month rolling avg)

18,000 16,000 14,000 12,000

10,000 8,000 Feb-84

Feb-89

Feb-94

Feb-99 67

Source: ABS, RP Data

Feb-04

Feb-09

Feb-14


Both private sector house and unit approvals are showing a clear recovery trend ▶ Total dwelling approvals were 23.2% higher in February 2014 than they were in February 2013. ▶ Private sector house approvals are up 21.8% year-on-year. ▶ Private sector unit approvals are up 32.8% year-on-year.

Private sector house approvals vs. unit approvals

14,000 12,000 10,000

8,000 6,000 4,000

2,000 0 Feb-84

Private house approvals (rolling 6 mth avg) Feb-89

Feb-94

Private unit approvals (rolling 6 mth avg) Feb-99 68

Source: ABS, RP Data

Feb-04

Feb-09

Feb-14


Overseas migration has begun to ease however, population growth remains historically strong ▶ The rate of population growth has shown a marked turnaround, with overseas migration driving the residential population higher and creating further demand for housing. ▶ Over the twelve months to September 2013, Australia’s population increased by 1.8% or 405,446 new residents. ▶ The rate of ‘natural increase’ (births minus deaths) is currently at a record level.

Quarterly change in population

90,000 80,000

Components of national population growth Natural Increase

Net Overseas Migration

70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 Sep-83

Sep-88

Sep-93

Sep-98 69

Source: ABS, RP Data

Sep-03

Sep-08

Sep-13


New housing supply is finally beginning to respond to the nation’s high level of population growth ▜ As population growth surged from 2005, there was not a sufficient increase in the number of new building approvals. ▜ With population growth surging higher we are starting to see a supply side response however, approvals will need to trend higher and remain higher for a substantial period of time.

Dwelling approvals vs. population growth

120,000

Total quarterly dwelling approvals

Quarterly change in population growth

100,000 80,000 60,000 40,000 20,000 0 Feb-84

Feb-89

Feb-94

Feb-99 70

Source: ABS, RP Data

Feb-04

Feb-09

Feb-14


Australian home values have not fallen or risen to the same extent as some other international markets ▶ US – values are currently -17.5% below their peak to Feb-14 ▶ UK – values are currently at their peak to Mar-14 ▶ NZ – values are currently at their peak as at Feb-14 ▶ Aus – values are currently at their peak to Apr-14 ▶ Can – values are currently at their peak as at Mar-14

International housing market comparison

190

Can

170

NZ

Aus

150 UK

130

US

110 90 70 50

Base=100 @ December 2003

30 Apr-02

US (Core Logic HPI) Apr-04

UK (Acadata) Apr-06

Australia (RP Data Rismark) Apr-08 71

Source: CoreLogic, Acadata, Property IQ, RP Data-Rismark, Terranet

NZ (Property IQ) Apr-10

Canada (Terranet) Apr-12

Apr-14


About Us RP Data is 100% owned by CoreLogic which is a leading provider of consumer, financial and property information, analytics and services to business and government. The company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services that bring dynamic insight and transparency to the markets it serves. Today, CoreLogic has more than 6,000 employees globally with 2012 revenues of $1.6 billion and is listed on the NYSE. At RP Data, we continually collect, manage and process property-based data and imagery from over 300 sources across Australia including government agencies, media partners and industry professionals. RP Data is the biggest provider of property information, analytics and risk management services in Australia and New Zealand with a database of 210 million property records. RP Data serves customers ranging from real estate agents and consumers to banks, mortgage brokers, financial planners and governments.

We understand that data is most useful when it’s presented as relevant and actionable analytics. Our data provides customers with insights that realise more market opportunities, while simultaneously growing businesses and managing risk. Our results speak for themselves; we’re helping over 100,000 end users including approximately 45,000 real estate agents win more business by providing Australia’s most trusted pre-listings comparative market appraisal (CMA) report, as well as industry standard tools that promote transparency and confidence when buying and selling property. In addition, 1 million consumers use RP Data to make important decisions about property they are about to hold, sell or purchase. Our Mortgage Platforms cover more than 90% of the mortgage lending activity in Australia. We estimate the value of every residential property in Australia each week via our automated valuation models which support our industry leading RP Data Rismark Daily Home Value Index. On average, we issue over 30 million automated valuation assessments every month. We’re Australia’s leading source for mobile property information too – with over 500,000 mobile devices accessing our services each month. Using public and proprietary data, we bring insight and transparency to the Australian property market. We employ 330 people at ten locations in Australia and New Zealand and our revenue for 2012 was over $70 million. For more information call 1300 734 318

72


Interested in detailed housing & mortgage market statistics? RP Data produces an advanced suite of housing market analytics that provides key insights for understanding housing market conditions at a granular geographic level. Granular data is often used for portfolio analysis and benchmarking, risk assessments and understanding development feasibility and market sizing. It gives industry professionals valuable modules which provide essential analytics and insights for decision making and strategy formation within the residential property asset class. We can tailor reports to suit your business requirements. Please call us on 1300 734 318 for more information or email us at ask@rpdata.com for more information. Report Market Scorecard

Market Trends

RP Data –Rismark Indices

Economist Pack

Investor Concentration Report

Mortgage Market Trend Report

Description Monitor and measure performance of an individual office or a Franchise brand month on month through a detailed view of the Real Estate Listing and Sales market share across Australia. With the ability to gather market share statistics within your active market this product is designed to identify the competing brands and independents at a suburb, postcode, user defined territory and State level. Easily locate growth opportunities and market hotspots allowing you to view the performance of the established offices in these new areas of interest. Detailed housing market indicators down to the suburb level, with data in time series or snapshot delivered monthly. RP Data’s Market Trends data is segmented across houses and units. The Market Trends data includes key housing market metrics such as median prices, median values, transaction volumes, rental statistics, vendor metrics such as average selling time and vendor discounting rates. The suite of RP Data-Rismark indices range from simple market measurements such as median prices through to repeat sales indices and our flagship hedonic home value indices. The RP Data-Rismark Hedonic index has been specifically designed to track the value of a portfolio of properties over time and is relied upon by Australian regulators and industry as the most up to date and accurate measurement of housing market performance. A suite of indices and indicators designed specifically for Australian economic commentators who require the most up to date and detailed view of housing market conditions. The economist pack includes the RP Data-Rismark Hedonic indices for capital cities and ‘rest of state’ indices, the stratified hedonic index, hedonic total return index, auction clearance rates and median prices. The economists pack is available at discounted rates on application. Understanding ownership concentrations is an important part of assessing risk. Areas with high investor concentrations are typically allocated higher risk ratings due to the over-representation of a particular segment of the market. Through a series of rules and logic, RP Data has flagged the likely ownership type of every residential property nationally as either owner occupied, investor owned or government owned. RP Data is in a unique position to monitor mortgage related housing market activity. Transaction volumes, dwelling values and mortgage related valuation events all comprise our Mortgage market trend report which provides an invaluable tool for mortgage industry benchmarking and strategy. 73


In compiling this publication, RP Data has relied upon information supplied by a number of external sources. The publication is supplied on the basis that while the RP Data believes all the information in it is deemed reliable at the time of publication, it 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 RP Data for the supply of such information. This data cannot be reproduced without the permission of RP Data. Queensland Data © The State of Queensland (Department of Environment and Resource Management) 2012. Based on data provided with the permission of the Department of Natural Resources and Mines: [QVAS 2012)]. The Department of Environment and Resource Management makes no representations or warranties about accuracy, reliability, completeness or suitability of the data for any particular purpose and disclaims all responsibility and all liability (including without limitation, liability in negligence) for all expenses, losses and damages (including indirect or consequential damage) and costs which might be incurred as a result of the data being inaccurate or incomplete in any way and for any reason. 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”). RP Data is authorised as a Property Sales Information provider by the LPI. Victorian Data To the extent that this report has been developed using information owned by the State of Victoria, 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 (2012) 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

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