RP Data Weekly Housing Market Update (Week Ending 17 March 2013)

7/29/2019 RP Data Weekly Housing Market Update (Week Ending 17 March 2013)

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CityClearance

rate

Total

auctions

RP Data

auction

results

Cleared

auctions

Uncleared

auctions

Sydney 65.6% 647 381 250 131

Melbourne 66.0% 928 798 527 271

Brisbane 37.3% 108 75 28 47

Adelaide 50.0% 82 54 27 27

Perth 30.0% 26 10 3 7

Tasmania 37.5% 15 8 3 5

Northern Territory 66.7% 5 3 2 1

Canberra 42.9% 45 28 12 16

Weighted Average 62.2% 1,856 1,357 852 505 0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

Mar-09 Sep-09 Mar-10 Sep-10 Mar-11 Sep-11 Mar-12 Sep-12 Mar-13

480

500

520

540

560

580

600

620

1 7/0 3/2 01 0 1 7/ 09 /2 01 0 17 /03 /20 11 17 /0 9/ 20 11 1 7/0 3/20 12 1 7/0 9/2 01 2 17 /03 /2 013

Capital cityWeekly

change

Monthly

change

Yr to date

change

Annual

changeSydney 0.5% 1.1% 3.2% 3.9%

Melbourne 0.3% 2.7% 2.9% 0.2%

Brisbane* 0.3% 2.1% 2.6% 1.8%

Adelaide -0.4% -1.3% -1.1% -0.2%

Perth 0.2% 1.6% 2.7% 5.8%

Combined 5 capitals 0.3% 1.6% 2.7% 2.4%

- 6 . 6 %

- 7 . 7 %

- 9 . 0 %

- 7 . 9 %

- 5 . 7 %

- 8 . 2 %

- 4 . 3 %

- 4 . 8 %

- 4 . 6 %

- 6 . 4 %

- 7 . 8 %

- 7 . 5 %

- 5 . 0 %

- 7 . 6 %

- 5 . 2 %

- 4 . 0 %

-10.0%

-9.0%

-8.0%

-7.0%

-6.0%

-5.0%

-4.0%

-3.0%

-2.0%

-1.0%

0.0%

Sydney M elbourne B r isba ne A dela ide P erth H obart D arwin Canberra

Houses Units

4 3 d a y s

6 4 d a y s

8 1 d a y s

8 6 d a y s

6 3 d a y s

8 7 d a y s

5 6 d a y s

4 2 d a y s

3 4 d a y s

5 7 d a y s

8 8 d a y s

8 0 d a y s

6 3 d a y s

5 1 d a y s

9 2 d a y s

7 9 d a y s

days

10 days

20 days

30 days

40 days

50 days

60 days

70 days

80 days

90 days

100 days

Sydney M elbourne B r isba ne A dela ide P erth H obart D arwin Canberra

Houses Units

Capital cityAvg

TOM

Avg Vendor

Disc.

Avg

TOM

Avg Vendor

Disc.

Sydney 43 days -6.6% 34 days -4.6%

Melbourne 64 days -7.7% 57 days -6.4%

Brisbane 81 days -9.0% 88 days -7.8%

Adelaide 86 days -7.9% 80 days -7.5%

Perth 63 days -5.7% 63 days -5.0%

Hobart 87 days -8.2% 51 days -7.6%

Darwin 56 days -4.3% 92 days -5.2%

Canberra 42 days -4.8% 79 days -4.0%

HOUSES UNITS

$ 6 0 0 , 0 0 0

$ 4 3 7 , 2 5 0

$ 4 4 8 , 5 0 0

$ 3 8 5 , 0 0 0

$ 4 8 0 , 0 0 0

$ 3 6 0 , 0 0 0

$ 5 8 5 , 0 0 0

$ 5 0 0 , 0 0 0

$ 4 9 5 , 0 0 0

$ 4 0 0 , 0 0 0

$ 3 6 2 , 0 0 0

$ 2 9 4 , 0 0 0

$ 4 1 0 , 0 0 0

$ 2 9 0 , 0 0 0

$ 4 5 2 , 5 0 0

$ 4 1 7 , 0 0 0

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra

Houses Units

Capital cityNumber

of Sales

Median

price

Number

of Sales

Median

price

Sydney 1,197 $600,000 825 $495,000

Melbourne 778 $437,250 274 $400,000

Brisbane 402 $448,500 103 $362,000

Adelaide 535 $385,000 122 $294,000

Perth 605 $480,000 166 $410,000

Hobart 33 $360,000 11 $290,000

Darwin 40 $585,000 19 $452,500

Canberra 80 $500,000 36 $417,000

Combined Capitals 3,670 $493,279 1,556 $440,867

HOUSES UNITS

Time on market Vendor discounting

Capital city home value changes

DISCLAIMER In compiling this publication, rpdata.com has relied upon information supplied by a number of external sources and RP Data do es not warrant its accuracy or com pleteness. To the full extent allowed by law RP Data excludesall liability for any loss or damage suffered by any person or body corporate arising from or in connection with the supply or use of any part of the information in this publication. RP Data recommends that individuals undertaketheir own research and seek independent financial advice before making any decisions. © 2012 RP Data Ltd.

Capital city private treaty median prices

Capital city average time on market andvendor discounting results

RP Data Property Market Indicator SummaryAll data to week ending 17 March 2013

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 recentfour 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 havebeen recorded.

‘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 isthe average percentage difference between the original listing price and the final selling price. The statistics are calculated across results received by RP Data overthe 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 havebeen excluded from the vendor discount analysis. The analysis also excludes results where there are less than 10 observations.

Results are based on the daily RP Data-Rismark Daily Home Value Index. Further information and daily updates on the index results are available fromhttp://www.rpdata.com/research/daily_indices.html.

Daily change in dwelling values across five combined capitals

*Brisbane results are for the combined Brisbane and GoldCoast region.

Median house and unit prices

Capital city auction statistics (preliminary)

The above results are preliminary, with ‘final’ auction clearance rates published each Thursday. RP Data, on average, collects between 80% and 85% of auctionresults each week. Clearance rates are calculated across properties that have been taken to auction over the past week.

Weekly clearance rate, combined capital cities

http://www.rpdata.com/research/daily_indices.html












0

20

40

60

80

100

120

140

Mar 09 Sep 09 Mar 10 Sep 10 Mar 11 Sep 11 Mar 12 Sep 12 Mar 13

RP Data Mortgage Index RP Data Mortgage Index (seas adj)

Region Index value

Month on month

change

Month on month

change (seas adj)

National 101.2 23.1% 2.5%

NSW 104.4 28.0% -0.2%

QLD 105.5 15.3% 0.4%

SA 79.0 11.0% 1.4%

TAS 70.2 47.2% 3.4%

VIC 100.5 21.8% 0.8%

WA 108.3 17.7% 1.3%

Capital cityNo of new

listings

12 mth

change (%)

No of total

listings

12 mth

change (%)Sydney 7,874 -11.1% 30,168 -7.8%

Melbourne 8,812 3.9% 40,576 9.7%

Brisbane 3,941 -30.7% 24,288 -13.3%

Adelaide 2,390 0.7% 11,196 -0.2%

Perth 4,597 4.1% 16,864 -5.5%

Hobart 544 -7.3% 4,133 -9.3%

Darwin 291 -1.7% 1,104 -5.0%

Combined caps 29,263 -6.6% 131,877 -2.1% 0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13

New listings Total listings

0

50

100

150

200

250

300

350

Mar 09 Sep 09 Mar 10 Sep 10 Mar 11 Sep 11 Mar 12 Sep 12 Mar 13

Region Index value

Month on month

change

Month on month

change (seas adj)

National 304.9 2.0% 7.1%

NSW 371.2 4.2% 7.7%

QLD 258.2 3.4% 7.3%

SA 292.4 -1.0% 3.1%

TAS 127.3 15.1% 2.6%

VIC 254.3 -2.4% 7.0%

WA 374.8 -2.2% 8.3%

DISCLAIMER In compiling this publication, rpdata.com has relied upon information supplied by a number of external sources and RP Data do es not warrant its accuracy or com pleteness. To the full extent allowed by law RP Data excludesall liability for any loss or damage suffered by any person or body corporate arising from or in connection with the supply or use of any part of the information in this publication. RP Data recommends that individuals undertaketheir own research and seek independent financial advice before making any decisions. © 2012 RP Data Ltd.

Capital city properties listed for sale*

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 forsale over the past 6 months, total listings include new listings and properties which have been previously advertised.

*Please note that RP Data is currently updating the ACT listings database, as a result the ACT figures have been withheld. The new data for the ACT is scheduled for release early in 2013.


Number of homes for sale, combined capital cities

RP Data Mortgage IndexMortgage market activity

RP Data facilitates more than 100,000 residential property valuations every month for the financial services sector via the RP Data valuations platform.Monitoring the activity events across this platform provides a unique and timely insight about how many housing finance applications are being prepared byAustralia’s lending institutions. 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 share of market (RP Data is managing the valuations for more than 90% of all banking sector residential valuationinstructions), the Mortgage Index provides the most timely and holistic measure of mortgage market activity available.

RP Data Property IndexNew listings activity

The RP Data Property Index provides a lead indicator for the number of residential dwellings that are being prepared for sale across the Australian housingmarket. The index, which tracks the flow of metadata across RP Data’s real estate data platform, shows a 75% correlation with the number of new listings aboutto enter the market.



7 Charlesworth Court,

Mile End, SA

3 bed, 2 bath, 1 car house $427,000 First National Lewis Prior

29 days on the market Sold at Auction Held for 11.1 years Average annual growth of 6.7%

37 Cordell Place,

Turners Beach, Tas

3 bed, 2 bath, 2 car house $407,000 Ray White Burnie

381 days on the market -5.1% vendor discounting Held for 9.5 years Average annual growth of 22.3%

75 Factory Road,

Callignee, Vic

4 bed, 2 bath, 3 car house $535,000 Latrobe First National Traralgon


18 Ashmore Avenue,

Canning Vale, WA

3 bed, 2 bath, 2 car house $580,000 Professionals Property Plus Canning Vale

150 days on the market Listing price: From $579,000 Held for 10.0 years Average annual growth of 17.1%

DISCLAIMER In compiling this publication, rpdata.com has relied upon information supplied by a number of external sources and RP Data do es not warrant its accuracy or com pleteness. To the full extent allowed by law RP Data excludesall liability for any loss or damage suffered by any person or body corporate arising from or in connection with the supply or use of any part of the information in this publication. RP Data recommends that individuals undertaketheir own research and seek independent financial advice before makingany decisions © 2012 RP Data Ltd

Value guide: recent sales around the states and territories$400,000 to $600,000

69 Starke Street,

Higgins, ACT

4 bed, 2 bath, 2 car house $430,000 Elders Belconnen



69 The Park Chase,

Valentine, NSW

4 bed, 2 bath, 2 car house $599,000 Creer Property Charlestown

16 days on the market Listing Price: $599,000 Held for 5.4 years Average annual growth of 1.9%

2 Terry Drive,

Gunn, NT

3 bed, 2 bath, 2 car house $595,000 Advantage Real Estate Parap


10 Phaeton Street,

Upper Coomera, Qld

4 bed, 2 bath, 2 car house $475,000 Ray White Upper Coomera


Properties included in the above analysis have been reported to RP Data in the past 7 days and sold within the last fortnight. The focus price rangewill rotate on a weekly basis. Thank you to our vast network of real estate professionals who assist us with aggregating these results. If you wouldlike to ensure your recent sales are included within our database, please email your sales to our Recent Sales team: [email protected]

Australian Capital Territory New South Wales Northern Territory Queensland

South Australia Tasmania Victoria Western Australia

Top ten sales over the past week

2/9 Waiwera Street,

Lavender Bay, NSW

4 bed, 3 bath, 2 car unit $5,600,000 McGrath Estate Agents

24 Bay Street,

Brighton, Vic

5 bed, 3 bath, 6 car house $4,850,000 Buxton Real Estate Brighton

13 John Dykes Avenue,

Vaucluse, NSW

4 bed, 3 bath, 3 car house $3,350,000 Laing + Simmons Double Bay

14 Gladstone Avenue,

Mosman, NSW

4 bed, 3 bath, 3 car house $2,950,000 L J Hooker Mosman

3 Boorroo Street,

Kangaroo Point, NSW

2 bed, 2 bath, 2 car house $2,630,000 McGrath Estate Agents

11 Wellesley Road,

Hawthorn, Vic

4 bed, 3 bath, 2 car house $2,450,000 Marshall White Real Estate Armadale

50A Champion Road,

Tennyson Point, NSW

4 bed, 4 bath, 2 car house $2,395,000 McGrath Estate Agents

48 Sackville Street,

Maroubra, NSW

4 bed, 3 bath, 2 car house $2,360,000 Century 21Coastline Properties

57 Tennyson Street,

Elwood, Vic

4 bed, 2 bath, 2 car house $2,281,000 Hocking Stuart St Kilda

27 Kireep Road,

Balwyn, Vic

5 bed, 4 bath, 3 car house $2,200,000 Jellis Craig Hawthorn

Documents

RP Data Weekly Housing Market Update (Week Ending 17 March 2013)