CoreLogic Weekly Market Update Week Ending 2017 December 10

CoreLogic Property Market Indicator Summary
All data to week ending 10 December 2017

Auction volumes remain high across the combined capital cities with 3,353 held this week
This week across the combined capital cities, auction volumes remained high with 3,353 homes taken to auction returning a preliminary
clearance rate of 63.1 per cent, increasing from last week when the final clearance rate across the capitals recorded the lowest not only
this year, but the lowest reading since late 2015/ early 2016 (60.3 per cent). The lower weighted clearance rates of late can be attributed
to the continual softening conditions across the two largest markets of Melbourne and Sydney, with clearance rates tracking below 70 per
cent across Melbourne for 5 consecutive weeks now (67.4 per cent), however volumes across the city have been consistently higher; with
volumes this week reaching their second highest level this year (1,837), while Sydneys clearance rates have tracked around the mid-high
50 per cent range over 7 consecutive weeks (58.7 per cent). Across the smaller markets, Canberra recorded the highest preliminary
clearance rate this week, with 66.7 per cent of homes selling, while Brisbane returned the lowest with only 46.6 per cent of auctions
successful.
Capital city auction statistics (preliminary) Weekly clearance rate, combined capital cities
Clearance Total
CoreLogic
Cleared Uncleared
Clearance Total 90%
City auction rate auctions
rate auctions
results
auctions auctions
(last year) (last year)
80%
Sydney 58.7% 990 732 430 302 73.7% 1,168 70%
Melbourne 67.4% 1,837 1,517 1,023 494 78.4% 1,685 60%
Brisbane 46.6% 183 131 61 70 43.5% 206
Adelaide 65.0% 163 120 78 42 58.3% 156 50%
Perth 46.7% 62 30 14 16 20.0% 76 40%
Tasmania 50.0% 12 10 5 5 28.6% 23
Canberra 66.7% 106 84 56 28 60.8% 118
30%
Weighted
63.1% 3,353 2,624 1,667 957 71.6% 3,432 20%
Average
10%
0%
Dec 11 Dec 12 Dec 13 Dec 14 Dec 15 Dec 16 Dec 17
Weekly clearance rate, Melbourne
100% CoreLogic
90% Clearance Total
Sydney sub-regions auction
80% rate auctions
70% results
60%
50% Central Coast 60.0% 35 20
40% Baulkham Hills and Hawkesbury 40.7% 36 27
30%
20% Blacktown 47.4% 24 19
10%
0% City and Inner South 64.3% 91 70
Eastern Suburbs 65.5% 75 58
Weekly clearance rate, Sydney Inner South West 62.4% 118 85
100%
Inner West 65.5% 73 55
90% North Sydney and Hornsby 61.5% 145 109
80%
70% Northern Beaches 63.0% 106 81
60%
50% Outer South West 50.0% 11 10
40%
30% Outer West and Blue Mountains n.a. 7 3
20%
10% Parramatta 51.7% 78 60
0% Ryde 61.5% 58 39
South West 44.4% 60 45
Weekly clearance rate, Brisbane Sutherland 54.2% 65 48
100% Melbourne sub-regions
90%
80%
70% Inner 67.3% 304 257
60%
50% Inner East 64.0% 210 178
40% Inner South 65.2% 269 201
30%
20% North East 71.1% 220 194
10%
0% North West 74.4% 182 168
Outer East 65.6% 112 93
Weekly clearance rate, Adelaide South East 60.8% 167 130

West 68.5% 289 232
100%
90% Mornington Peninsula 64.3% 75 56
80%
70%
60% Regional auction results
50%
40% Hunter 59.0% 63 39
30%
20% Wollongong 43.6% 61 39
10%
0% Gold Coast 37.4% 121 83
Dec 11 Dec 12 Dec 13 Dec 14 Dec 15 Dec 16 Dec 17 Sunshine Coast 45.5% 41 22
Geelong 83.9% 83 62
1
The above results are preliminary, with final auction clearance rates published each Thursday. CoreLogic, 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.
Capital city home value changes Daily home value index, 5 capital city aggregate
Weekly Monthly Yr to date 12 mth 150

Capital city
change change change change 145
140
Sydney -0.2% -0.7% 3.8% 4.2%
135
Melbourne -0.1% 0.4% 9.1% 9.6%
130
Brisbane 0.1% 0.0% 2.4% 2.5%
125
Adelaide 0.1% 0.2% 2.8% 3.1%
120
Perth 0.1% 0.5% -2.0% -2.4% 115
Combined 5 capitals -0.1% -0.1% 4.7% 5.0% 110
*The monthly change is the change over the past 28 days. Dec 14 Jun 15 Dec 15 Jun 16 Dec 16 Jun 17 Dec 17
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.
Capital city properties listed for sale Number of homes for sale, combined capital cities
160,000
Capital city
No of new 12 mth No of total 12 mth Total listings New listings
listings change (%) listings change (%) 140,000
Sydney 5,290 -9.5% 24,826 21.9% 120,000
Melbourne 7,464 1.9% 30,932 3.6% 100,000
Brisbane 3,735 -9.3% 20,459 -1.3% 80,000
Adelaide 2,115 -0.8% 8,924 6.1% 60,000
Perth 3,567 -13.8% 20,824 -15.8%
40,000
Hobart 439 -12.2% 1,182 -35.3%
20,000
Darwin 142 8.4% 1,538 -3.5%
0
Canberra 577 -5.3% 2,198 5.9%
Dec 10 Dec 11 Dec 12 Dec 13 Dec 14 Dec 15 Dec 16 Dec 17
Combined capitals 23,329 -5.9% 110,883 1.2%
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.
Capital city private treaty median prices Median house and unit prices
HOUSES UNITS $1,000,000
Houses Units
$900,000
$940,000
Number Median Number Median

Capital city
of Sales price of Sales price $800,000
$758,500
Sydney 2,864 $940,000 1,750 $701,000 $700,000

$701,000
$690,000
Melbourne 3,870 $758,500 1,736 $551,275 $600,000

$500,000
$551,275
$535,000
$520,000
Brisbane 1,784 $535,000 394 $389,700

$516,000
$400,000
$450,000
$430,000
Adelaide 927 $450,000 174 $331,750

$400,000
$393,750
$389,700
$300,000
$328,500
$345,000
$331,750
Perth 1,264 $516,000 296 $393,750

Hobart 228 $400,000 52 $328,500
$200,000
$100,000
Darwin 33 $520,000 21 $345,000
$0
Canberra 281 $690,000 119 $430,000
Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra
Combined Capitals 11,251 $706,926 4,542 $569,590
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 To access detailed analysis of some of these key indicators on a suburb level, please log into your CoreLogic Professional
system or contact us on info@corelogic.com.au. Alternatively, ring 1300 734 318 to subscribe to Market Trends
Capital city median time on market and Median time on market Average vendor
average vendor discounting results discounting
HOUSES UNITS
Median Avg Vendor Median Avg Vendor 100 days 0%
Capital city Houses Units
-1.9%
TOM Disc. TOM Disc. 90 days -1%
-2%
80 days
Sydney 30 days -5.0% 30 days -5.0%
82 days
-3.7%
-3.8%
-4.0%
-3%
-4.3%
77 days
76 days
74 days
70 days
-5.0%
-5.0%
-4%
-5.1%
Melbourne 29 days -3.7% 29 days -4.0%
-5.3%
-5.5%
67 days
-5.9%
60 days
-6.0%
-5%
60 days
Brisbane 58 days -5.1% 82 days -6.0%
58 days
50 days -6%
-7.2%
49 days
Adelaide 49 days -5.5% 60 days -5.9% 40 days -7%
43 days
-8.7%
-8%
-9.2%
Perth 67 days -7.2% 74 days -8.7% 30 days
30 days
30 days
29 days
29 days
-9%
-10.8%
24 days
20 days
23 days
Hobart 24 days -5.3% 22 days -4.3%
22 days
-10%
10 days -11%
Darwin 76 days -10.8% 77 days -9.2% Houses Units
days -12%
Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra
Canberra 23 days -1.9% 43 days -3.8%
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 CoreLogic Mortgage Index

180
Region Index value
Month on month Month on month 160
change change (trend)
140
National 129.4 3.8% 1.5% 120
NSW 168.7 2.1% 1.8%
100
QLD 122.9 4.2% 3.4%
80
SA 86.5 4.6% 2.2%
60
TAS 106.7 20.9% 3.5%
40 Mortgage Index
VIC 142.7 3.7% 0.4%
20 Mortgage Index (rolling three month trend)
WA 94.7 3.0% 0.6% ABS Owner Occupier housing finance commitments (monthly)
0
Dec 13 Jun 14 Dec 14 Jun 15 Dec 15 Jun 16 Dec 16 Jun 17 Dec 17
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.
Listing market activity CoreLogic Listing Index

450
Region Index value
Month on month Month on month 400
change change (seas adj)
350
National 312.5 -6.7% -0.9%
300
NSW 326.3 -8.8% -3.0%
250
QLD 214.1 -6.6% -1.3%
SA 275.4 -11.4% -0.6%
200
TAS 141.5 3.6% 5.1% 150
VIC 474.5 -5.7% -1.1% 100
Listing Index
WA 429.8 0.5% 6.3% 50
Dec 13 Jun 14 Dec 14 Jun 15 Dec 15 Jun 16 Dec 16 Jun 17 Dec 17
The CoreLogic Listings Index provides a lead indicator for the number of residential dwellings that are being prepared for sale across the Australian housing
market. CoreLogic customers account for over 70% of all listings in the Australian property market. The index, which tracks the flow of metadata across
CoreLogics real estate data platform, shows a 75% correlation with the number of new listings about to enter the market.
Top two sales over the past week, states and territories
Australian Capital Territory

3 Gregory Street, 5 Butler Place,
Griffith, ACT Campbell, ACT
5 bed, 3 bath, 3 car house 5 bed, 3 bath, 2 car house
$2,500,000 $1,600,000
Philip Kouvelis Real Estate Peter Blackshaw
Garran Manuka
New South Wales

31 Wharf Road, 6a Etham Avenue,
Birchgrove, NSW Darling Point, NSW
4 bed, 3 bath, 1 car house 4 bed, 2 bath, 2 car unit
$7,225,000 $5,650,000
Belle Property Raine & Horne Double Bay +
Balmain Ballard Property Group
Northern Territory
27 Cubillo Street, 10 Catt Crescent,
Wanguri, NT Farrar, NT
$610,000 $600,000
Zero Commission Elders
Australia Palmerston
Queensland
142 Yabba Street, 7 Reading Street,
Ascot, Qld Paddington, Qld
$3,355,000 $3,125,000
Ray White The Public Trustee
Ascot Brisbane
Top two sales over the past week, states and territories
South Australia
14 Moore Avenue, 24 Seafield Avenue,
Hazelwood Park, SA Kingswood, SA
$1,475,000 $1,420,000
McGrath Real Estate Group Klemich Real Estate
Glenelg
Tasmania
1 Oakleigh Avenue, 2/43 Suncoast Drive,
Taroona, Tas Blackmans Bay, Tas
4 bed, 2 bath, 2 car house 3 bed, 2 bath, 2 car unit
$941,000 $850,000
Harcourts Raine & Horne
Hobart Kingston
Victoria
6 Moorakyne Avenue, 45 Heyington Place,
Malvern, Vic Toorak, Vic
$6,600,000 $4,111,000
Jellis Craig RT Edgar
Armadale Toorak
Western Australia
19 Lawlor Road, 6 Edenderry Terrace,
Attadale, WA Subiaco, WA
$1,610,000 $1,600,000
Caporn Young Estate Agents Centro Estates
Applecross Subiaco
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
Australias most comprehensive property databases, the companys 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) 2017. 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 (2017) 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

CoreLogic Weekly Market Update Week Ending 2017 December 10

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CoreLogic Property Market Indicator Summary

All data to week ending 10 December 2017

Weekly clearance rate, Adelaide South East 60.8% 167 130

Weekly Monthly Yr to date 12 mth 150

Number Median Number Median

Sydney 2,864 $940,000 1,750 $701,000 $700,000

Melbourne 3,870 $758,500 1,736 $551,275 $600,000

Brisbane 1,784 $535,000 394 $389,700

Adelaide 927 $450,000 174 $331,750

Perth 1,264 $516,000 296 $393,750

Mortgage market activity CoreLogic Mortgage Index

Listing market activity CoreLogic Listing Index

Australian Capital Territory

New South Wales

South Australian Data

New South Wales Data

Western Australian Data

Australian Capital Territory Data

Base data from the LIST State of Tasmania http://www.thelist.tas.gov.au

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