RP Data Weekend Market Summary

All data to week ending 25 August 2013

Capital city home value changes

Capital city Sydney Melbourne Brisbane Adelaide Perth Combined 5 capitals Weekly change -0.2% -0.4% 0.4% 0.7% 0.0% -0.1% Monthly Yr to date change change 0.2% 6.9% 0.2% 4.5% 1.1% 1.9% 0.1% -0.4% 1.2% 6.8% 0.4% 4.9% Annual change 6.2% 4.0% 2.6% -0.2% 10.0% 5.0%

Daily change in dwelling values across five combined capitals

620

600
580 560 540 520

500
480 Aug 10

*Brisbane results are for the combined Brisbane and Gold Coast region.

Feb 11

Aug 11

Feb 12

Aug 12

Feb 13

Aug 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 79.0% 77.5% 38.4% 70.7% 41.7% 0.0% 55.6% 72.1% 545 711 163 60 30 5 39 1,553 RP Data auction results 438 612 112 41 12 4 36 1,255
90%

Cleared Uncleared auctions auctions 346 474 43 29 5 0 20 917 92 138 69 12 7 4 16 338

80% 70% 60% 50% 40%

30%
20% 10%

0% Aug 09

Feb 10

Aug 10

Feb 11

Aug 11

Feb 12

Aug 12

Feb 13

Aug 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.

Across the combined capital cities, the preliminary auction clearance rate was recorded at 72.1 per cent this week, increasing compared to the previous week, when the auction clearance rate was recorded at 70.4 per cent. A total of 1,553 auctions were held across the capital cities this week, compared to 1,470 last week. Across Melbourne, Australias largest auction market, there were 711 auctions this week with a preliminary clearance rate of 77.5 per cent. Last week, Melbournes auction clearance rate was recorded at 71.0 per cent across 668 auctions. In Sydney this week there were 545 auctions and the preliminary clearance rate has been recorded at 79.0 per cent, in comparison, auction volumes over the previous week were slightly lower with 568 auctions and Sydneys final auction clearance rate was recorded at 77.1 per cent. At the same time last year, the combined capital city auction clearance rate was 54.8 per cent across 1,296 auctions.

Capital city private treaty median prices

Capital city Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Combined Capitals Number of Sales 1,433 832 518 281 540 39 18 81 3,742 Median price $625,000 $455,750 $429,500 $410,000 $510,000 $275,000 $597,500 $532,500 $521,783 Number of Sales 1,145 433 119 86 125 15 34 27 1,984 Median price $510,000 $410,000 $350,000 $315,000 $425,000 $350,000 $460,000 $429,000 $461,602

Median house and unit prices

$700,000 Houses Units

$625,000

$510,000

$510,000

$429,500

$410,000

$410,000

$425,000

$315,000

$300,000
$200,000 $100,000 $0

Sydney

Melbourne

Brisbane

Adelaide

Perth

$275,000

Hobart

$350,000

$350,000

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.

$429,000

$400,000

$455,750

$460,000

$532,500

$500,000

$597,500

$600,000

RP Data Weekend Market Summary

All data to week ending 25 August 2013

Capital city average time on market and vendor discounting results

Capital city Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Avg TOM 30 days 40 days 65 days 72 days 54 days 86 days 74 days 50 days Avg Vendor Disc. -4.7% -6.5% -6.6% -6.5% -4.5% -7.5% -3.1% -3.7% Avg TOM 28 days 46 days 68 days 66 days 60 days 96 days 57 days 59 days Avg Vendor Disc. -3.7% -5.0% -6.9% -6.9% -3.2% -11.3% -3.4% -4.0%

Time on market
120 days Houses 100 days
96 days

Vendor discounting
0% -1%
-3.2% -3.4%

Units

-2%
-3.7% -4.7% -4.5%

-3.1%

-3.7%

-3% -4%
74 days

86 days

80 days
72 days 68 days

-6.5%

66 days

-6.6%

-6.9%

-6.5%

-5%
-6%
57 days 59 days 50 days

-5.0%

60 days

40 days

40 days
30 days 28 days

46 days

54 days

-7% -8% -9% -10% -11% -12% Houses

Sydney

-7.5%

60 days

65 days

-6.9%

20 days

Units
Adelaide Perth Hobart Darwin Canberra

days
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 105.6 NSW 127.7 QLD 106.1 SA 78.4 TAS 74.2 VIC 106.3 WA 96.6 Month on month change 5.9% 8.6% 9.0% 1.1% 7.7% 1.3% 4.4% Month on month change (trend) -1.7% -0.8% -1.8% -0.3% -1.6% -2.3% -2.5%

RP Data Mortgage Index - RMI

180
160 140 120 100 80 60

40
20 0 Aug 09 RP Data Mortgage Index RP Data Mortgage Index (trend)

Feb 10

Aug 10

Feb 11

Aug 11

Feb 12

Aug 12

Feb 13

-11.3%

Aug 13

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 322.1 NSW 403.8 QLD 251.4 SA 295.5 TAS 129.4 VIC 297.6 WA 418.5 Month on month change 2.5% 7.0% -2.0% 0.4% -1.5% 3.2% 2.0% Month on month change (seas adj) 1.7% 2.7% 0.2% 2.8% 1.8% 3.7% -0.2%

RP Data Listings Index - RLI

350 300

250
200

150
100 50 0 Aug 09

Feb 10

Aug 10

Feb 11

Aug 11

Feb 12

Aug 12

Feb 13

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

-4.0%