rp data market summary (we august 25 2013)

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  • 7/27/2019 RP Data Market Summary (WE August 25 2013)

    1/2

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    70%

    80%

    90%

    Aug 09 Feb 10 Aug 10 Feb 11 Aug 11 Feb 12 Aug 12 Feb 13 Aug 13

    CityClearance

    rate

    Total

    auctions

    RP Data

    auction

    results

    Cleared

    auctions

    Uncleared

    auctions

    Sydney 79.0% 545 438 346 92

    Melbourne 77.5% 711 612 474 138

    Brisbane 38.4% 163 112 43 69

    Adelaide 70.7% 60 41 29 12

    Perth 41.7% 30 12 5 7

    Tasmania 0.0% 5 4 0 4

    Canberra 55.6% 39 36 20 16

    Weighted Average 72.1% 1,553 1,255 917 338

    $625,000

    $455,750

    $429,500

    $410,000

    $510,000

    $275,000

    $597,500

    $532,500

    $510,000

    $410,000

    $350,000

    $315,000

    $425,000

    $350,000

    $460,000

    $429,000

    $0

    $100,000

    $200,000

    $300,000

    $400,000

    $500,000

    $600,000

    $700,000

    Sydney Mel bourne Brisbane Adelaide Perth Hobart Darwi n Canberra

    Houses UnitsCapital city Number

    of SalesMedian

    priceNumberof Sales

    Medianprice

    Sydney 1,433 $625,000 1,145 $510,000

    Melbourne 832 $455,750 433 $410,000

    Brisbane 518 $429,500 119 $350,000

    Adelaide 281 $410,000 86 $315,000

    Perth 540 $510,000 125 $425,000

    Hobart 39 $275,000 15 $350,000

    Darwin 18 $597,500 34 $460,000

    Canberra 81 $532,500 27 $429,000

    Combined Capitals 3,742 $521,783 1,984 $461,602

    480

    500

    520

    540

    560

    580

    600

    620

    Aug 10 Feb 11 Aug 11 Feb 12 Aug 12 Feb 13 Aug 13

    Capital city

    Weekly

    change

    Monthly

    change

    Yr to date

    change

    Annual

    change

    Sydney -0.2% 0.2% 6.9% 6.2%

    Melbourne -0.4% 0.2% 4.5% 4.0%

    Brisbane 0.4% 1.1% 1.9% 2.6%

    Adelaide 0.7% 0.1% -0.4% -0.2%

    Perth 0.0% 1.2% 6.8% 10.0%

    Combined 5 capitals -0.1% 0.4% 4.9% 5.0%

    1

    RP Data Weekend Market SummaryAll data to week ending 25 August 2013

    Capital city home value changes

    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.

    Daily change in dwelling values across five combined capitals

    Capital city auction statistics (preliminary)

    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.

    Weekly clearance rate, combined capital cities

    *Brisbane results are for the combined Brisbane and Gold

    Coast region.

    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

    Private treaty sales represent around 85% of all dwelling sales across the country. The statistics are calculated across houses and units sold over themost 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.

    Median house and unit prices

    http://www.rpdata.com/research/daily_indices.htmlhttp://www.rpdata.com/research/daily_indices.htmlhttp://www.rpdata.com/research/daily_indices.htmlhttp://www.rpdata.com/research/daily_indices.htmlhttp://www.rpdata.com/research/daily_indices.htmlhttp://www.rpdata.com/research/daily_indices.htmlhttp://www.rpdata.com/research/daily_indices.htmlhttp://www.rpdata.com/research/daily_indices.htmlhttp://www.rpdata.com/research/daily_indices.htmlhttp://www.rpdata.com/research/daily_indices.html
  • 7/27/2019 RP Data Market Summary (WE August 25 2013)

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    Region Index value

    Month on month

    change

    Month on month

    change (seas adj)

    National 322.1 2.5% 1.7%NSW 403.8 7.0% 2.7%

    QLD 251.4 -2.0% 0.2%

    SA 295.5 0.4% 2.8%

    TAS 129.4 -1.5% 1.8%

    VIC 297.6 3.2% 3.7%

    WA 418.5 2.0% -0.2%

    0

    50

    100

    150

    200

    250

    300

    350

    Aug 09 Feb 10 Aug 10 Feb 11 Aug 11 Feb 12 Aug 12 Feb 13 Aug 13

    Region Index value

    Month on month

    change

    Month on month

    change (trend)

    National 105.6 5.9% -1.7%

    NSW 127.7 8.6% -0.8%

    QLD 106.1 9.0% -1.8%

    SA 78.4 1.1% -0.3%

    TAS 74.2 7.7% -1.6%

    VIC 106.3 1.3% -2.3%

    WA 96.6 4.4% -2.5%0

    20

    40

    60

    80

    100

    120

    140

    160

    180

    Aug 09 Feb 10 Aug 10 Feb 11 Aug 11 Feb 12 Aug 12 Feb 13 Aug 13

    RP Data Mortgage Index RP Data Mortgage Index (trend)

    -4.7

    %

    -6.5

    %

    -6.6

    %

    -6.5

    %

    -4.5

    %

    -7.5

    %

    -3.1

    %

    -3.7

    %

    -3.7

    %

    -5.0

    %

    -6.9

    %

    -6.9

    %

    -3.2

    %

    -11.3

    %

    -3.4

    %

    -4.0

    %

    -12%

    -11%

    -10%

    -9%

    -8%

    -7%

    -6%

    -5%

    -4%

    -3%

    -2%

    -1%

    0%

    Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra

    Houses Units

    30days

    40days

    65days

    72days

    54days

    86days

    74days

    50days

    28days

    46days

    68days

    66days

    60days

    96days

    57days

    59days

    days

    20 days

    40 days

    60 days

    80 days

    100 days

    120 days

    Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra

    Houses Units

    Capital cityAvg

    TOM

    Avg Vendor

    Disc.

    Avg

    TOM

    Avg Vendor

    Disc.

    Sydney 30 days -4.7% 28 days -3.7%

    Melbourne 40 days -6.5% 46 days -5.0%

    Brisbane 65 days -6.6% 68 days -6.9%

    Adelaide 72 days -6.5% 66 days -6.9%

    Perth 54 days -4.5% 60 days -3.2%

    Hobart 86 days -7.5% 96 days -11.3%

    Darwin 74 days -3.1% 57 days -3.4%

    Canberra 50 days -3.7% 59 days -4.0%

    2

    Time on market Vendor discountingCapital city average time on market and

    vendor discounting results

    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 resultsreceived 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.

    RP Data Weekend Market SummaryAll data to week ending 25 August 2013

    Mortgage market activity RP Data Mortgage Index - RMI

    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 beingmonitored, the Mortgage Index provides the most timely and holistic measure of mortgage market activity available.

    New listings activity RP Data Listings Index - RLI

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