Auction activity reaches its highest level not only over the year-to-date, but the highest volume of auctions ever recorded across the combined capital cities and Melbourne individually The pre-easter week sees the number of homes taken to auction reach their highest level ever recorded, with a total of 3,967 auctions held across the combined capital cities exceeding the previous highest week on record over the week ending 30 th November 2014 when 3,908 auctions were held. The uplift in activity is what has historically been seen in the lead up to the Easter period slowdown, although compared to the pre-easter week last year auction volumes were significantly lower than this week (3,517). The weighted average preliminary clearance rate did shift slightly lower this week amid the higher activity, returning a 65.5 per cent success rate. City auction statistics (preliminary) Clearance rate CoreLogic Total auction auctions results Cleared Uncleared auctions auctions Clearance rate (last year) Total auctions (last year) Sydney 66.2% 1,359 1,037 686 351 75.8% 1,098 Melbourne 67. 2,078 1,700 1,139 561 78.9% 1,607 Brisbane 49.2% 194 122 60 62 42. 196 Adelaide 67.3% 143 104 70 34 66.4% 127 Perth 24. 57 25 6 19 35.3% 33 Tasmania 66.7% 7 3 2 1 71.4% 7 Canberra 73.8% 129 107 79 28 77.4% 103 Weighted Average 65.5% 3,967 3,098 2,042 1,056 74.5% 3,171 Weekly clearance rate, Melbourne 10 9 8 7 6 5 4 3 2 1 Weekly clearance rate, Sydney 10 9 8 7 6 5 4 3 2 1 Weekly clearance rate, Brisbane 10 9 8 7 6 5 4 3 2 1 Weekly clearance rate, Adelaide 10 9 8 7 6 5 4 3 2 1 Weekly clearance rate, combined capital cities 9 8 7 6 5 4 3 2 1 Weekly auction clearance rate 4 week average Sydney sub-regions Clearance rate Total auctions CoreLogic auction results Central Coast 57.1% 37 28 Baulkham Hills and Hawkesbury 66.7% 33 18 Blacktown 80. 19 10 City and Inner South 76.8% 153 125 Eastern Suburbs 71.5% 197 158 Inner South West 63.3% 148 117 Inner West 65.8% 143 117 North Sydney and Hornsby 69.1% 200 152 Northern Beaches 65.5% 130 87 Outer South West 57.1% 15 14 Outer West and Blue Mountains n.a. 6 5 Parramatta 53.6% 78 56 Ryde 57.1% 77 49 South West 58.8% 54 51 Sutherland 60. 69 50 Melbourne sub-regions Inner 68.6% 390 322 Inner East 56.4% 291 252 Inner South 68.8% 298 224 North East 71. 248 217 North West 68. 171 153 Outer East 71.3% 162 122 South East 61.3% 176 142 West 71. 270 210 Mornington Peninsula 67.4% 62 49 Regional auction results Hunter 61.5% 58 39 Wollongong 76. 46 25 Gold Coast 45.5% 85 44 Sunshine Coast 50. 36 18 Geelong 82.5% 72 40 1 The above results are preliminary, with final auction clearance rates published each Thursday. CoreLogic, on average, collects 9 of auction results each week. Clearance rates are calculated across properties that have been taken to auction over the past week.
$370,000 $325,000 $520,000 $460,000 $385,000 $495,000 $467,000 $347,500 $350,000 $480,000 $428,500 $550,000 $735,000 $650,000 $761,000 $935,000 CoreLogic Property Market Indicator Summary home value s Daily home value index, 5 capital city aggregate Weekly Monthly Yr to date 12 mth 150 145 Sydney 0. -0.4% -1.8% -2.1% 140 135 Melbourne -0.2% -0.2% -0.5% 5.4% 130 Brisbane -0.1% 0.1% 0. 1.5% 125 Adelaide 0.1% -0.1% -0.3% 1.8% 120 Perth 0.2% 0.2% -0.3% -2.5% 115 Combined 5 capitals -0.1% -0.2% -1. 0.7% 110 *The monthly is the over the past 28 days. Mar 15 Sep 15 Mar 16 Sep 16 Mar 17 Sep 17 Mar 18 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. properties listed for sale No of new listings 12 mth (%) No of total listings 12 mth (%) Sydney 7,824 0.8% 27,054 26.2% Melbourne 8,133-5.4% 30,320 3.5% Brisbane 4,199-3.5% 19,591-1.5% Adelaide 2,081-6.8% 8,236-2.2% Perth 4,138 2.6% 21,348-6.4% Hobart 476 0.2% 1,116-32.9% Darwin 141-30.5% 1,433-8.5% Canberra 733 12.6% 2,156 0.8% Combined capitals 27,725-2. 111,254 3.8% Number of homes for sale, combined capital cities 160,000 140,000 Total listings New listings 120,000 100,000 80,000 60,000 40,000 20,000 0 Mar 10 Mar 11 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. private treaty median prices house and unit prices Number of Sales HOUSES price Number of Sales UNITS price Sydney 2,709 $935,000 1,811 $735,000 Melbourne 3,369 $761,000 1,581 $550,000 Brisbane 1,552 $520,000 359 $370,000 Adelaide 737 $460,000 165 $325,000 Perth 1,218 $495,000 280 $385,000 Hobart 195 $467,000 58 $347,500 Darwin 39 $480,000 17 $350,000 Canberra 249 $650,000 144 $428,500 Combined Capitals 10,068 $706,926 4,415 $584,983 $1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 Houses Units Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Private treaty sales represent around 85% of all dwelling sales across the country. The statistics are calculated across houses and units sold over the most recent four week period. Records without a valid sale price have been excluded from the analysis. 2
31 days 30 days 29 days 29 days 24 days 23 days 26 days -8.3% -8.6% -8.2% 50 days 51 days 45 days 40 days -7.4% 64 days 65 days -5.8% -6.2% -5.2% -5.6% -5.4% 82 days 85 days -4.8% -4.3% -4.4% 95 days -4.1% -3.7% -3.7% -3.3% CoreLogic Property Market Indicator Summary median time on market and average vendor discounting results TOM HOUSES Avg Vendor Disc. TOM UNITS Avg Vendor Disc. Sydney 31 days -5.8% 30 days -4.8% Melbourne 29 days -4.3% 29 days -4.4% Brisbane 64 days -5.2% 82 days -5.6% Adelaide 50 days -5.4% 65 days -6.2% Perth 85 days -7.4% 95 days -8.3% Hobart 24 days -4.1% 23 days -3.7% Darwin 51 days -8.6% 45 days -8.2% Canberra 26 days -3.7% 40 days -3.3% time on market 120 days 110 days 100 days 90 days 80 days 70 days 60 days 50 days 40 days 30 days 20 days 10 days days Houses Units -1% -2% -3% -4% -5% -6% -7% -8% -9% -1 Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Average vendor discounting Houses Units 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 Region Index value Month on month Month on month (trend) National 124.6 2. 0. NSW 160.0 5. -0.7% QLD 119.6 0.7% 0.4% SA 84.9 0. 1.5% TAS 88.4-4.6% -2.9% VIC 134.4 0.1% -0.5% WA 97.7 1.7% 2.1% CoreLogic Mortgage Index 180 160 140 120 100 80 60 40 20 0 Mortgage Index Mortgage Index (rolling three month trend) ABS Owner Occupier housing finance commitments (monthly) Mar 14 Sep 14 Mar 15 Sep 15 Mar 16 Sep 16 Mar 17 Sep 17 Mar 18 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. 3
Top two sales over the past week, states and territories Australian Capital Territory 16 Hampton Circuit, Yarralumla, ACT 4 bed, 3 bath, 2 car house $2,550,000 Peter Blackshaw Manuka 5 Hotham Crescent, Deakin, ACT 3 bed, 2 bath, 2 car house $2,285,000 Peter Blackshaw Manuka New South Wales 67 Bower Street, Manly, NSW 5 bed, 3 bath, 2 car house $9,710,000 Clarke & Humel Property Manly 15 Village High Road, Vaucluse, NSW 6 bed, 4 bath, 4 car house $8,450,000 McGrath Estate Agents Northern Territory 7 Princeton Place, Durack, NT 4 bed, 2 bath, 2 car house $525,000 All Real Estate NT Marlow Lagoon 21 Larapinta Drive, Gillen, NT 3 bed, 1 bath, 2 car house $472,000 First National Framptons Alice Springs Queensland 6/212 Vulture Street, South Brisbane, Qld 3 bed, 3 bath, 4 car unit $3,160,000 Place Estate Agents New Farm 510 The Panorama, Tallai, Qld 4 bed, 3 bath, 2 car house $2,295,000 Tangelo Property and @Realty 4
Top two sales over the past week, states and territories South Australia 81 Watson Avenue, Toorak Gardens, SA 4 bed, 2 bath, 3 car house $1,700,000 MichaelKris Real Estate Henley Beach 105 George Street, Norwood, SA 3 bed, 1 bath, 1 car house $1,620,000 Toop & Toop Real Estate Tasmania 135 Brightwater Road, Blackmans Bay, Tas 5 bed, 3 bath, 2 car house $990,000 Petrusma Property 16 Davies Court, Lymington, Tas 4 bed, 3 bath, 2 car house $765,000 Homelands Property Cygnet Victoria 67 Williams Road, Mount Eliza, Vic 8 bed, 4 bath, 4 car house $6,000,000 Aqua Real Estate 75 Harcourt Street, Hawthorn East, Vic 5 bed, 2 bath, 2 car house $3,836,000 Marshall White Boroondara Western Australia 5 Alison Road, Attadale, WA 3 bed, 1 bath, 2 car house $1,047,000 Mint Real Estate East Fremantle 1301/30 Charles Street, South Perth, WA 2 bed, 2 bath, 2 car unit $984,500 Executive Apartments South Perth 5
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 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. 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) 2018. 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 (2018) 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 6