EARLY MARKET INDICATORS Mark… · Our Early Market ndicators Report provides a series of real-time data points that indicate how the market is traversing currently. We anticipate

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EARLY MARKET INDICATORSState Level Reporting

Week Ending 28 June 2020

About this Report

The performance of the property market directly and indirectly impacts the livelihood and success ofhundreds of thousands of Australian individuals and businesses. Property remains the largest assetclass in Australia by market value.

With access to comprehensive, daily, wide-ranging data across all aspects of the property lifecycle,CoreLogic is uniquely placed to provide the clarity needed in times of uncertainty.

Our Early Market Indicators Report provides a series of real-time data points that indicate how themarket is traversing currently. We anticipate the Early Market Indicators Report may assist with a widerange of property market insights, which include personal and business operations, revenue flows,credit and financial risk, wealth being held or generated, and performance benchmarked against rest ofmarket.

The data in this new Early Market Indicator Report does not replace the regular reporting alreadyprovided by CoreLogic, but is designed to provide early, indicative and directional trends at times whenspeed of data delivery is critical.

Below is an outline of the data available in the Early Market Indicator report.

If you have any further questions or feedback, or for further information please contact your accountdirector or customer care at [email protected]

Pre-Listing Activity: the change in the number of CMA’s being generated on CoreLogic Platforms –rolling 7 days.

A Comparative Market Analysis (CMA) is a report generated by real estate agents to enhance theirconversations with potential customers who are looking at selling their property. CoreLogic is a marketleading source of CMA reports, used by real estate agencies across Australia. The volume of CMAreports generated is highly correlated with the number of new listings added to the market, with CMAreporting leading a new listing event by about two weeks.

Newly Advertised Properties – For Rent and For Sale: The change in the number of newresidential listings being advertised for sale or rent in the past 7 days. ‘New’ listings means the count is oflisting events that have not so far been seen in the current calendar year

This measure provides insight regarding the volume of new properties coming on to the market. Anincrease in new listings suggests an increasing supply of stock available, and higher seller or lessoractivity. A fall in new listings suggests less stock available, and less seller or lessor activity.Understanding this measure alongside other CoreLogic data such as number of sales, time on marketand vendor discounting rates provides further insight on the balance between property market supplyand demand.

Mortgage Activity Indicator: the change in the number of valuations being ordered on CoreLogicPlatforms – rolling 7 days

CoreLogic systems account for the large majority of mortgage related valuation activity across thefinancial sector, where industry participants use CoreLogic platforms to order and manage the propertyvaluations they need to support lending and other financial activity. The financial sector uses propertyvaluations for many purposes, including loan origination, for re-financing, new purchases, constructionand re-possession. Aggregating this data, CoreLogic is able to provide virtually a ‘real time’ view onmortgage related lending activity.

About this Report (cont.)

Valuation Type

From the same system producing the Mortgage Activity Indicator, this data is then calssified by valuationtype; what methodology has been used for the valuation. See additional definitions in the Glossary ofTerms at the end of this report regarding specific valuation types.

Loan Purpose

From the same system producing the Mortgage Activity Indicator, this data is then classified by loanpurpose; what is the intent of the loan (for example purchase, or refinance). Note that the informationrepresented here is lagged by 7 days from the date of the report to minimise fluctuations in the data.

Note: These early and high frequency indicators can show some volatility and comparisons over time can beimpacted by seasonal factors such as the change in timing of public holidays. We would urge some caution ininterpreting these indicators or extrapolating the weekly outcomes over a longer time frame. At times theunderlying historical data used for this report may be updated, which may results in movements to the statedvariances ("% Change") as compared to a previous Early Market Indicator Report.

Summary - as of 28/06/2020

Pre-Listing Activity (Rolling 7 Day)

Newly Advertised Properties - For Sale and For Rent (Rolling 7 Day)

Mortgage Activity (Rolling 7 Day)

© Copyright 2020. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) of theCoreLogic Data contained in this publication. All rights reserved.

0.59 %% CHANGE WoW

6.17 %% CHANGE SWLY

1.70 %% CHANGE WoW SALE

-3.66 %% CHANGE WoW RENT

0.77 %% CHANGE WoW

0.05 %% CHANGE SWLY

PeriodSelectionWeek

Pre-Listing Activity - National - as of 28/06/2020

Pre-Listing Activity (Rolling 7 Day) - 2020 vs 2019

Jan Feb Mar Apr May Jun Jul

% Change

WoW

0.59 %

SWLY

6.17 %

YTD YoY

-13.88 %

Pre-Listings Activity - State Summary

State Market Share % (Current Week) % Change WoW % Change SWLY % Change YTD YoY

NSW

VIC

QLD

WA

SA

TAS

ACT

NT

31.45 %

22.28 %

22.11 %

14.28 %

6.96 %

1.29 %

1.13 %

0.49 % -7.56 %

158.76 %

-3.37 %

-8.75 %

6.06 %

-1.87 %

-1.49 %

1.92 %

-12.00 %

617.14 %

-13.03 %

1.70 %

14.82 %

-9.65 %

7.83 %

14.44 %

-9.63 %

37.31 %

-17.84 %

-16.42 %

-19.14 %

-18.02 %

-10.32 %

-9.89 %

Pre-Listings Activity - State Market Share

Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020 Jul 2020

31.45 %

22.11 %

1.13 %

6.96 %

14.28 %

NT

ACT

TAS

SA

WA

QLD

VIC

NSW


PeriodSelectionWeek

Pre-Listing Activity by State - as of 28/06/2020

2020 vs 2019


ACT


NSW


NT


QLD


SA


TAS


VIC


WA


PeriodSelectionWeek

Listing - National - as of 28/06/2020

Newly Advertised Properties - SALE and RENT


% Change

SALE WoW

1.70 %

RENT WoW

-3.66 %

Newly Advertised Properties - Sale by State

State Market Share % (Current Week) Marketshare % Last Week Volume % Change WoW

QLD

VIC

NSW

WA

SA

TAS

ACT

NT

26.74 %

23.72 %

23.53 %

16.56 %

6.41 %

1.84 %

0.70 %

0.50 % 0.52 %

0.89 %

2.18 %

5.50 %

16.35 %

25.23 %

22.50 %

26.83 %

-1.70 %

-18.00 %

-13.12 %

16.95 %

2.84 %

-4.60 %

6.68 %

1.34 %

Newly Advertised Properties - Rent by State

State Market Share % (Current Week) Marketshare % Last Week Volume % Change WoW

NSW

VIC

QLD

WA

SA

NT

ACT

TAS

39.34 %

23.24 %

21.35 %

9.46 %

3.40 %

1.12 %

1.10 %

1.00 % 1.01 %

1.27 %

0.72 %

3.76 %

8.29 %

20.28 %

24.86 %

39.81 %

-4.81 %

-15.53 %

45.34 %

-11.97 %

8.64 %

0.97 %

-9.33 %

-4.69 %


PeriodSelectionWeek

Listings by State - as of 28/06/2020

Australian Capital Territory - SALE and RENT


% Change

SALE WoW

-18.00 %

RENT WoW

-15.53 %

New South Wales - SALE and RENT


% Change

SALE WoW

-4.60 %

RENT WoW

-4.69 %

Northern Territory - SALE and RENT


% Change

SALE WoW

-1.70 %

RENT WoW

45.34 %


PeriodSelectionWeek


Queensland - SALE and RENT


% Change

SALE WoW

1.34 %

RENT WoW

0.97 %

South Australia - SALE and RENT


% Change

SALE WoW

16.95 %

RENT WoW

-11.97 %

Tasmania - SALE and RENT


% Change

SALE WoW

-13.12 %

RENT WoW

-4.81 %


PeriodSelectionWeek


Victoria - SALE and RENT


% Change

SALE WoW

6.68 %

RENT WoW

-9.33 %

Western Australia - SALE and RENT


% Change

SALE WoW

2.84 %

RENT WoW

8.64 %


PeriodSelectionWeek

Mortgage Activity - National - as of 28/06/2020

Mortgage Activity


% Change

WoW

0.77 %

SWLY

0.05 %

YTD YoY

10.33 %

Valuation Type

% of Total % Change WoW % Change SWLY % Change YTD YoY

Resi Short Form

AVM

Kerbside

Desktop

Progress

Long Form

Contract of Sale

MIP

51.40 %

17.48 %

12.62 %

10.99 %

5.84 %

1.26 %

0.35 %

0.06 %

Non-Resi Commercial

Rural

Progress

Other

58.44%

39.00%

1.74%

0.82%

2.30 %

0.17 %

-3.52 %

-0.65 %

3.80 %

-1.83 %

15.24 %

72.00 %

-9.94 %

2.14 %

6.25 %

0.00 %

-13.19 %

-31.40 %

27.53 %

-3.03 %

-8.40 %

0.21 %

6.14 %

-31.75 %

-21.57 %

-12.61 %

-51.43 %

14.29 %

-31.72 %

-33.01 %

629.54 %

141.86 %

-66.36 %

10.69 %

13.25 %

-129.06 %

-151.73 %

-52.62 %

-166.18 %

11.99 %

Loan Purpose


Refinance

Purchase

Construction

MIP

68.33%

23.19%

8.42%

0.06% -34.78 %

20.61 %

21.15 %

15.29 %

-67.39 %

20.47 %

14.83 %

14.72 %

-25.38 %

12.17 %

12.41 %

33.96 %

State/Region Summary by Mortgage Activity

Market Share % (Current Week) % Change WoW % Change SWLY % Change YTD YoY

VICNSWQLDWASAACTTASNT

29.29%28.79%21.01%9.91%6.62%2.06%1.88%0.44% -17.20 %

7.48 %-0.55 %2.82 %0.52 %-0.28 %1.41 %0.58 %

-17.20 %6.10 %18.60 %0.43 %3.10 %0.76 %-1.22 %-1.54 %

4.75 %-4.33 %18.22 %6.68 %5.84 %9.50 %11.19 %12.93 %


PeriodSelectionWeek

Mortgage Activity - ACT - as of 28/06/2020

Mortgage Activity


% Change

WoW

-0.55 %

SWLY

18.60 %

YTD YoY

18.22 %

Valuation Type


Resi Short Form

AVM

Desktop

Kerbside

Progress

Long Form

Contract of Sale

48.54 %

23.30 %

13.18 %

9.99 %

3.74 %

0.97 %

0.28 %

Non-Resi Commercial 100.0%

1.30 %

-3.45 %

14.29 %

-10.00 %

-17.78 %

75.00 %

-33.33 %

-40.00 %

9.86 %

-26.64 %

31.76 %

75.61 %

-19.57 %

75.00 %

-60.00 %

50.00 %

4.86 %

2.33 %

6.26 %

133.50 %

-2.42 %

13.04 %

-27.59 %

-10.38 %

Loan Purpose


Refinance

Purchase

Construction

MIP

74.27%

20.08%

5.65%

0.00%

52.63 %

21.18 %

20.95 %

61.11 %

1.98 %

37.05 %

-14.29 %

12.23 %

27.53 %

36.75 %


PeriodSelectionWeek

StateFilterACT

Mortgage Activity - NSW - as of 28/06/2020

Mortgage Activity


% Change

WoW

1.41 %

SWLY

-1.22 %

YTD YoY

11.19 %

Valuation Type


Resi Short Form

AVM

Kerbside

Desktop

Progress

Long Form

Contract of Sale

MIP

50.93 %

18.68 %

12.14 %

11.08 %

4.71 %

1.95 %

0.49 %

0.02 %

Non-Resi Commercial

Rural

Progress

Other

55.06%

42.41%

1.58%

0.95%

1.05 %

3.49 %

-7.72 %

-0.40 %

14.81 %

-1.36 %

26.32 %

150.00 %

-6.45 %

12.61 %

66.67 %50.00 %

-14.38 %

-27.07 %

28.77 %

-5.83 %

-17.11 %

21.91 %

0.00 %

150.00 %

-18.69 %

-17.28 %

25.00 %-25.00 %

-2.21 %

-1.25 %

81.22 %

14.53 %

-15.16 %

10.75 %

5.14 %

-25.00 %

-15.07 %

-10.71 %

-19.54 %-24.19 %

Loan Purpose


Refinance

Purchase

Construction

MIP

69.92%

24.11%

5.96%

0.01%

14.87 %

22.65 %

20.73 %

-87.50 %

25.84 %

7.78 %

18.58 %

-27.11 %

5.20 %

8.63 %

35.78 %


PeriodSelectionWeek

StateFilterNSW

Mortgage Activity - NT - as of 28/06/2020

Mortgage Activity


% Change

WoW

-17.20 %

SWLY

-17.20 %

YTD YoY

4.75 %

Valuation Type


Resi Short Form

Kerbside

AVM

Desktop

Progress

64.19 %

14.86 %

12.84 %

6.08 %

2.03 %

Non-Resi Commercial

Rural

66.67%

33.33%

-0.91 %

-40.54 %

-13.64 %

-35.71 %

-30.00 %

0.00 %

-12.10 %

-15.38 %

-68.85 %

-43.75 %

-36.36 %

300.00 %

0.00 %

-5.78 %

51.79 %

-35.66 %

18.60 %

-10.29 %

-30.41 %

-48.57 %

Loan Purpose


Refinance

Purchase

Construction

MIP

67.55%

28.48%

3.31%

0.66% -50.00 %

-44.44 %

115.00 %

24.39 %

0.00 %

0.00 %

126.32 %

47.83 %

25.58 %

35.71 %

23.44 %

25.74 %


PeriodSelectionWeek

StateFilterNT

Mortgage Activity - QLD - as of 28/06/2020

Mortgage Activity


% Change

WoW

-0.28 %

SWLY

0.76 %

YTD YoY

9.50 %

Valuation Type


Resi Short Form

AVM

Kerbside

Desktop

Progress

Long Form

Contract of Sale

MIP

54.86 %

16.95 %

11.15 %

10.24 %

5.45 %

0.83 %

0.42 %

0.11 %

Non-Resi Commercial

Rural

Other

Progress

56.23%

41.13%

1.89%

0.75%

3.06 %

-7.84 %

-0.13 %

-6.14 %

1.15 %

14.55 %

57.89 %

44.44 %

9.56 %

10.10 %

-16.67 %100.00 %

-10.67 %

-38.89 %

23.99 %

-3.46 %

-8.20 %

6.78 %

7.14 %

-48.00 %

-20.32 %

14.74 %

150.00 %-33.33 %

-2.73 %

-9.29 %

59.49 %

17.57 %

-12.00 %

2.00 %

18.64 %

-27.27 %

-15.21 %

-0.33 %

165.96 %-29.85 %

Loan Purpose


Refinance

Purchase

Construction

MIP

65.79%

23.72%

10.40%

0.09% -54.55 %

21.37 %

5.19 %

4.69 %

-77.27 %

12.92 %

14.69 %

9.64 %

-26.45 %

7.05 %

9.00 %

30.32 %


PeriodSelectionWeek

StateFilterQLD

Mortgage Activity - SA - as of 28/06/2020

Mortgage Activity


% Change

WoW

2.82 %

SWLY

0.43 %

YTD YoY

6.68 %

Valuation Type


Resi Short Form

AVM

Desktop

Kerbside

Progress

Long Form

Contract of Sale

MIP

50.59 %

19.96 %

11.76 %

11.28 %

5.35 %

0.88 %

0.13 %

0.04 %

Non-Resi Rural

Commercial

Progress

53.70%

44.44%

1.85%

0.08 %

9.11 %

5.70 %

7.08 %

-6.67 %

17.65 %

-25.00 %

141.67 %

-22.58 %

-15.15 %

-20.45 %

-5.92 %

35.26 %

-11.58 %

-25.93 %

-25.00 %

-25.64 %

-25.00 %

-83.33 %

-7.90 %

-0.03 %

5.58 %

72.53 %

-0.90 %

-17.03 %

-10.00 %

-4.90 %

-28.78 %

-25.60 %

-49.23 %

Loan Purpose


Refinance

Purchase

Construction

MIP

71.14%

21.53%

7.22%

0.12% 100.00 %

-1.64 %

23.88 %

15.30 %

0.00 %

15.38 %

31.62 %

9.54 %

-4.08 %

-2.94 %

9.21 %

28.08 %


PeriodSelectionWeek

StateFilterSA

Mortgage Activity - TAS - as of 28/06/2020

Mortgage Activity


% Change

WoW

7.48 %

SWLY

6.10 %

YTD YoY

-4.33 %

Valuation Type


Resi Short Form

AVM

Kerbside

Desktop

Progress

Long Form

54.30 %

20.50 %

11.89 %

7.51 %

4.23 %

1.56 %

Non-Resi Rural

Commercial

59.09%

40.91%

5.28 %

25.96 %

7.04 %

-6.25 %

2.63 %

30.00 %

30.00 %

80.00 %

-10.54 %

-31.41 %

80.95 %

-1.64 %

-36.07 %

-7.14 %

116.67 %

-40.00 %

-14.39 %

-22.88 %

64.27 %

21.15 %

-6.89 %

6.35 %

18.06 %

-21.58 %

Loan Purpose


Refinance

Purchase

Construction

MIP

66.17%

30.19%

3.64%

0.00%

-10.53 %

60.23 %

26.12 %

-15.00 %

60.23 %

22.13 %

-12.50 %

-6.11 %

11.16 %

26.91 %


PeriodSelectionWeek

StateFilterTAS

Mortgage Activity - VIC - as of 28/06/2020

Mortgage Activity


% Change

WoW

0.58 %

SWLY

-1.54 %

YTD YoY

12.93 %

Valuation Type


Resi Short Form

AVM

Kerbside

Desktop

Progress

Long Form

Contract of Sale

MIP

47.81 %

17.34 %

13.70 %

11.57 %

8.08 %

1.13 %

0.35 %

0.02 %

Non-Resi Commercial

Rural

Progress

65.71%

31.02%

3.27%

2.23 %

1.69 %

-4.36 %

4.43 %

2.23 %

-11.56 %

-12.50 %

100.00 %

-15.26 %

-22.45 %

-27.27 %

-18.71 %

-25.17 %

19.05 %

-1.44 %

3.77 %

-22.16 %

34.62 %

-50.00 %

-28.76 %

-20.83 %

-61.90 %

-2.80 %

1.61 %

62.48 %

19.16 %

-0.73 %

-5.48 %

-1.62 %

-19.80 %

-23.87 %

-2.00 %

-35.63 %

Loan Purpose


Refinance

Purchase

Construction

MIP

65.76%

23.38%

10.85%

0.01%

28.71 %

26.29 %

20.71 %

0.00 %

24.15 %

9.03 %

10.41 %

-18.56 %

23.41 %

17.71 %

38.61 %


PeriodSelectionWeek

StateFilterVIC

Mortgage Activity - WA - as of 28/06/2020

Mortgage Activity


% Change

WoW

0.52 %

SWLY

3.10 %

YTD YoY

5.84 %

Valuation Type


Resi Short Form

Kerbside

AVM

Desktop

Progress

Long Form

MIP

Contract of Sale

56.06 %

15.31 %

12.36 %

10.50 %

4.55 %

0.90 %

0.23 %

0.09 %

Non-Resi Commercial

Rural

Progress

69.84%

28.57%

1.59%

5.15 %

2.94 %

-7.22 %

-8.47 %

5.67 %

-11.11 %

150.00 %

-40.00 %

-38.89 %

-48.57 %

-2.25 %

44.23 %

-49.94 %

-2.74 %

-21.46 %

0.00 %

-23.08 %

-57.14 %

-10.20 %

-50.00 %

-7.02 %

76.15 %

-15.11 %

14.44 %

-17.62 %

-5.55 %

-32.44 %

-31.73 %

-17.15 %

-12.83 %

-33.33 %

Loan Purpose


Refinance

Purchase

Construction

MIP

73.68%

19.13%

7.00%

0.18% -44.44 %

20.50 %

30.54 %

7.59 %

-58.33 %

20.50 %

48.04 %

22.95 %

-32.29 %

15.26 %

15.96 %

29.28 %


PeriodSelectionWeek

StateFilterWA

Glossary of Terms

LOAN PURPOSE

Refinance: Valuations related to refinancing. This is derived using data from CoreLogic's valuationplatforms (excl. AVMs, Progress, Non Resi valuations)

Purchases: valuations related to new purchases. This is derived using data from CoreLogic's valuationplatforms (excl. AVMs, Progress, Non Resi valuations)

Construction: A construction valuation requires an inspection of the subject property by a qualifiedvaluer, along with a review of relevant building documentation and construction plans, to determine themarket value of the property 'as if complete' at the date of valuation. (excl. AVMs, Progress, Non Resivaluations)

MIP: A Mortgagee In Possession valuation requires an internal and external inspection of the propertyby a qualified valuer to determine the current market value of the property for the mortgagee inpossession. This is completed on a long form report template, which has more detail than a short formreport. (excl. AVMs, Progress, Non Resi valuations)

% CHANGE

WoW: % change in volumes transacted for the current 7 day period vs. prior 7 day period

SWLY: % change in volumes transacted for the current 7 day period vs. same 7 day period in the prioryear

MoM: % change in volumes transacted for the current 28 day period vs. prior 28 day period

SMLY: % change in volumes transacted for the current 28 day period vs. same 28 days period in theprior year

YTD YoY: % change in volumes transacted for the current calendar year through to current week vs. thesame period in the prior calendar year

VALUATION TYPE CATEGORY

Resi: Residential Valuations

Non-Resi: Commercial/Rural Valuations

VALUATION TYPE

Short Form: A short form valuation, also known as a PropertyPRO report, requires an internal andexternal inspection of the property by a qualified valuer to determine the current market value of theproperty.

AVM: An Automated Valuation Model (AVM) is a computer-generated modelled estimate of the marketvalue of a given residential property at a point in time. The estimate is generated using a combination ofmodelling approaches, which use information regarding the particular property and surroundingproperty market at the time of estimation. It does not involve an internal inspection of the property anddoes not require input from a valuer.

Kerbside: A Kerbside assessment requires an external sighting of the property from the street by aqualified valuer to provide an assessed value range. It does not involve an internal inspection of theproperty.

Glossary of Terms (cont.)

Desktop: A desktop assessment is undertaken remotely by a qualified valuer, based on available data toprovide an assessed value for the property. It does not involve an external or internal inspection of theproperty.

Progress: A progress inspection is an inspection of a property under construction to release fundsbased on the progress stage of construction and the original construction valuation.

Long Form: Long Form valuations are usually completed when the valuation of the subject property isbeyond the scope of a Short Form valuation (e.g. complexity or above a set value cap).

Disclaimer:

The Product Data provided in this publication is of a general nature and should not beconstrued as specific advice or relied upon in lieu of appropriate professional advice.While CoreLogic uses commercially reasonable efforts to ensure the Product Data iscurrent, CoreLogic does not warrant the accuracy, currency or completeness of theProduct Data and to the full extent permitted by law excludes all loss or damagehowsoever arising (including through negligence) in connection with the Product Data.

If you have any questions about the information in this report, please contact ourcustomer care team at [email protected]

© Copyright 2020. RP Data Pty Ltd t/as CoreLogic Asia Pacific (CoreLogic) and itslicensors are the sole and exclusive owners of all rights, title and interest (includingintellectual property rights) to the data, facts, information, statistics, analytics,indices, results, commentary (Product Data) contained in this publication. All rightsreserved.

CORELOGIC and the CoreLogic logo are New Zealand and Australia trademarks ofCoreLogic, Inc. and/or its subsidiaries.

Documents

EARLY MARKET INDICATORS Mark… · Our Early Market ndicators Report provides a series of real-time data points that indicate how the market is traversing currently. We anticipate