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RP Data Weekly Market Update (WE May 5 2013)
RP Data Weekly Market Update (WE May 5 2013)
520
500 480 5/05/2010
*Brisbane results are for the combined Brisbane and Gold Coast region.
5/11/2010
5/05/2011
5/11/2011
5/05/2012
5/11/2012
5/05/2013
Results are based on the daily 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 72.4% 70.4% 43.6% 55.8% 69.2% 16.7% 65.9% 67.3% 522 784 148 88 25 9 58 1,634 RP Data auction results 427 635 78 43 13 6 41 1,243
90.0%
Cleared Uncleared auctions auctions 309 447 34 24 9 1 27 851 118 188 44 19 4 5 14 392
50.0%
40.0% 30.0% 20.0%
10.0%
0.0% May-09 Nov-09 May-10 Nov-10 May-11 Nov-11 May-12 Nov-12 May-13
The above results are preliminary, with final auction clearance rates published each Thursday. RP Data, on average, collec ts between 80% and 85% of auction results each week. Clearance rates are calculated across properties that have been taken to auction over the past week.
120,000
100,000 80,000
60,000
40,000 20,000 0 May-07
May-08
May-09
May-10
May-11
May-12
May-13
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. *Please note that rpdata is currently updating the ACT listings database, as a result the ACT figures have been withheld.
$608,000
$600,000
$500,000 $400,000
$579,500
$480,000
$445,000
$420,000
$428,000
$470,000
$486,000
$487,500
$395,500
$411,000
$200,000 $100,000
$320,000
$330,750
$300,000
$390,000
$0
Sydney Melbourne Brisbane Adelaide Perth
Hobart
$0
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.
$419,950
Time on market
120 days Houses 100 days Units 0.0%
Vendor discounting
0.0% -2.3%
-1.0%
101 days
-2.0%
-3.0%
83 days
80 days
77 days
-5.3%
72 days
-5.3%
-4.0%
-4.0%
-3.9%
70 days
63 days
60 days
60 days
54 days
56 days
57 days
-6.9%
-6.5%
60 days
68 days
-6.1%
-5.0%
-7.5%
-8.0%
41 days
36 days
32 days
20 days
days
Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra
-11.0%
Sydney 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 rpdata 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.
120
100 80
60
40 20
0 May 09
Nov 09
May 10
Nov 10
May 11
Nov 11
-8.7%
May 12
-8.4%
40 days
46 days
-8.1%
Nov 12
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.
200
150 100 50 0 May 09
Nov 09
May 10
Nov 10
May 11
Nov 11
May 12
Nov 12
May 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.
-8.0%
May 13
-5.7%
20 Wonga Road, Cremorne, NSW 2 bed, 1 bath house $4,925,000 McGrath Estate Agents Mosman
117 Avoca Drive, Avoca Beach, NSW 5 bed, 5 bath house $3,800,000 Raine & Horne Terrigal/Avoca Beach
17 Seymour Grove, Brighton, Vic 4 bed, 2 bath, 2 car house $3,400,000 Hodges Brighton
55A Gardyne Street, Bronte, NSW 4 bed, 3 bath house $3,320,000 GoodyerDonnelley Real Estate
1/21 Gaerloch Avenue, Tamarama, NSW 5 bed, 2 bath, 1 car house $3,100,000 McGrath Estate Agents
53 Hooper Street, Randwick, NSW 4 bed, 1 bath, 2 car house $2,800,000 Raine & Horne Double Bay
16 Henham Street, Hawthorn East, Vic 4 bed, 2 bath, 2 car house $2,670,000 RT Edgar Booroondara
16 Mermaid Avenue, Maroubra, NSW 5 bed, 2 bath, 1 car house $2,315,000 Ellison Zulian Property
26 Hillside Road, Newport, NSW 5 bed, 4 bath, 3 car house $2,200,000 L J Hooker Mona Vale
19 Augusta Street, Strathfield, NSW 5 bed, 5 bath, 2 car house $2,100,000 Strathfield Partners
Value guide: recent sales around the states and territories $600,000 to $800,000
Australian Capital Territory New South Wales Northern Territory Queensland
114 Lachlan Street, Macquarie, ACT 4 bed, 2 bath, 3 car house $658,000 Elders Belconnen
23 days on the market Sold at auction Held for 11.1 years Average annual growth of 7.9%
33 Blackwattle Place, Cherrybrook, NSW 4 bed, 2 bath, 1 car house $790,000 Louis Carr Real Estate
11 Ostermann Street, Coconut Grove, NT 3 bed, 2 bath, 2 car house $685,000 Advantage Real Estate
10 Raymond Close, Cornubia, Qld 4 bed, 2 bath, 4 car house $715,000 RE/MAX Territory Shailer Park
95 days on the market Offers over $699,000 Held for 10.0 years Average annual growth of 4.7%
162 days on the market Offers over $749,000 Held for 21.7 years Average annual growth of 10.1%
67 days on the market -4.2% vendor discounting Held for 2.4 years Average annual growth of 1.9%
South Australia
Tasmania
Victoria
Western Australia
19 Russell Street, Adelaide, SA 2 bed, 1 bath, 1 car house $610,000 Phillis Real Estate
88 Blowhole Road, Eaglehawk Neck, Tas 2 bed, 1 bath, 5 car house $620,000 George Self Property Hobart
42 days on the market Offers over $599,000 Held for 8.2 years Last sold for $655,000
6 Hope Street, West Footscray, Vic 2 bed, 2 bath, 4 car house $630,000 Jas H Stephens Yarraville
50 days on the market -2.3% vendor discounting Held for 7.3 years Average annual growth of 10.3%
17 Normandy Parade, Currambine, WA 3 bed, 2 bath, 2 car house $635,000 Property West Real Estate Joondalup
72 days on the market -0.6% vendor discounting Held for 12.9 years Average annual growth of 18.4%
80 days on the market On the market for $620,000 to $650,000 Held for 4.4 years Average annual growth of 2.2%
Properties included in the above analysis have been reported to rpdata in the past 7 days and sold within the last fortnight. The focus price range will rotate on a weekly basis. Thank you to our vast network of real estate professionals who assist us with aggregating these results. If you would like to ensure your recent sales are included within our database, please email your sales to our Recent Sales team: recentsales@rpdata.com