Housing Market and Economic Update - Assured Lending
Housing Market and Economic Update October 2015
© 2015 CoreLogic, Inc. ■ Proprietary & Confidential
Housing overview
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Residential real estate underpins Australia's wealth and has reached $6.2 trillion
Residential Real Estate
$6.2 Trillion Australian Superannuation
$2.3 Trillion Australian Listed Stocks
$1.7 Trillion Commercial Real Estate
$0.7 Trillion As at the end of September 2015
Source: CoreLogic RP Data
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Residential real estate accounts for more than half of all household wealth Distribution of household wealth, Australia 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Jun-91
19.4% 21.7%
7.2% 51.6%
Jun-95
Jun-99 Residential land & dwellings
Jun-03 Equities
Jun-07 Superannuation
Jun-11
Jun-15
Other
Source: CoreLogic RP Data, ABS
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Annual capital gains across the combined capital cities remain high Rolling annual change in dwelling values, combined capital cities 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% Sep 97
Sep 99
Median Prices
$613,000 $515,000
Sep 01
Sep 03
Sep 05
Sep 07
Sep 09
Sep 11
Sep 13
Sep 15
Capital Gain Houses
Units
Dwellings
Past 12 months
11.6%
7.3%
11.0%
Annual over five years
4.2%
3.6%
4.1%
Annual over ten years
5.8%
4.9%
5.7%
CoreLogic’s suite of hedonic indices are available across broad housing types and across geographical areas including statistical divisions, statistical subdivisions and postcodes nationally. For further information an our hedonic method, please visit www.corelogic.com.au/indices
Source: CoreLogic RP Data
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Turnover: house sales are trending higher while unit transactions are trending lower Monthly house and unit sales, national 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Jul 93
House sales (with 6 month moving avg)
Unit sales (with 6 month moving avg)
Jul 95
Jul 97
Jul 99
Jul 01
Jul 03
Jul 05
Jul 07
Jul 09
Jul 11
Jul 13
Jul 15
YoY % change in sales, states and territories
Annual Sales Year to Jul 2015
Year to Jul 2014
% change
Houses
358,945
350,505
2.4%
Units
138,040
151,426
-8.8%
Dwellings
496,985
501,931
-1.0%
10.0%
4.7%
1.2%
3.5%
0.6%
0.0% -10.0%
-9.4%
-12.8%
-20.0% NSW
Note the most recent 8 months worth of sales is modelled based on historical sales levels due to the lag associated with collecting sales records.
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-1.6%
-3.7%
Vic
Qld
SA
WA
Tas
NT
ACT
Source: CoreLogic RP Data
Rents are increasing at their slowest pace on record which is pushing yields lower Annual rental change
8.0% 7.0%
8.0%
6.0%
6.0%
5.0% 4.0%
4.0%
2.0% Annual change in rents 0.0% Sep-97
Sep-99
Sep-01
Annual change in house rents Combined capitals Melbourne Sydney Hobart Canberra Brisbane Adelaide Perth Darwin
-11.6%
-2.8%
-15% -10% -5%
0.3% 2.1% 1.7% 1.2% 1.0% 0.6% 0.1%
0%
3.0%
Gross rental yield Sep-03
Sep-05
Sep-07
Sep-09
Annual change in unit rents Combined capitals Hobart Sydney Melbourne Canberra Adelaide Brisbane Perth Darwin
5%
Gross rental yield
Annual change in rents vs gross rental yield, combined capital cities
10.0%
-0.2% -0.3% -7.4% -10.5%
1.5% 5.1% 2.9% 1.5% 1.3%
-15% -10% -5% 0% 5% 10%
Sep-11
Sep-13
2.0% Sep-15
Gross rental yields Combined capitals Darwin Hobart Brisbane Adelaide Canberra Perth Sydney Melbourne
3.5%
5.5% 5.3% 4.4% 4.2% 4.1% 3.9% 3.3% 3.0% 0%
2%
4%
6%
CoreLogic’s suite of rental statistics are available across broad housing types and across geographical areas including statistical divisions, statistical subdivisions and postcodes nationally. Source: CoreLogic RP Data
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Vendor metrics: auction clearance rates have been easing since April on higher volumes 90.0%
4,500
80.0%
4,000
70.0%
3,500
60.0%
3,000
50.0%
2,500
40.0%
2,000
30.0%
1,500
20.0%
1,000
10.0%
500
0.0% Oct-10
Apr-11
Oct-11
Apr-12
Oct-12
Apr-13
Oct-13
Avg vendor discount, combined capitals
0.0%
Oct-14
Apr-15
0 Oct-15
Avg time on market, combined capitals 80
-2.0%
60
-4.0%
40
-6.0%
20
-8.0% Aug 05
Apr-14
Number of auctions
Clearance rate
Combined capital city auction clearance rates and volumes
Aug 07
Aug 09
Aug 11
Aug 13
Aug 15
0 Aug 05
Aug 07
Aug 09
Aug 11
Aug 13
Aug 15
CoreLogic’s suite of vendor metrics are available across broad housing types and across geographical areas including statistical divisions, statistical subdivisions and postcodes nationally. Note that we typically see a seasonal peak in average time on market each year in January and February. Source: CoreLogic RP Data
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Listings: new and total listings are increasing as Spring progresses National number of new and total listings, rolling 4 weeks 300,000 250,000
Total listings
New listings
200,000 150,000 100,000 50,000 0 Sep-07
Sep-08
Sep-09
Sep-10
Sep-11
State and territory property listings State
No of new listings
12 mth change (%)
No of total listings
12 mth change (%)
NSW
13,667
11.3%
53,527
-4.2%
Vic
11,930
4.6%
53,832
-3.9%
Qld
10,480
4.9%
63,407
SA
2,883
-1.3%
16,480
WA
5,047
-9.1%
33,266
Tas
1,035
0.5%
NT
247
-30.0%
ACT
568 45,857
National
Sep-12
Sep-13
Sep-14
Sep-15
Capital city property listings No of new listings
12 mth change (%)
No of total listings
Sydney
8,617
16.0%
20,375
4.7%
Melbourne
8,545
5.7%
28,654
-5.4%
-0.6%
Brisbane
4,423
1.6%
17,848
-3.3%
2.2%
Adelaide
2,037
0.5%
7,325
-4.1%
12.9%
Perth
3,585
-11.2%
19,027
20.7%
9,448
-6.3%
Hobart
368
-10.2%
2,366
-15.9%
2,070
12.9%
Darwin
189
-27.3%
1,556
12.3%
9.4%
2,064
-6.2%
Canberra
566
9.3%
2,016
-6.4%
4.1%
234,094
-0.6%
Combined capitals
28,330
4.5%
99,168
1.2%
Capital city
12 mth change (%)
Source: CoreLogic RP Data
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Investor mortgage demand appears to be easing off while owner occupier demand is rising Value of housing finance commitments – monthly, national 16.0
Owner occupier new loans
Total value ($b)
14.0
Owner occupier refinances
Investment
12.0 10.0
Investor loans $13.6b
8.0
6.0 4.0
Owner occupier loans (excl. refi) $13.0b
2.0 0.0 Jul-95
Jul-99
Jul-03
Jul-07
Jul-11
Jul-15
Annual change in home values vs annual change in home lending (ex refinances) 80.0% Annual growth in housing finance (ex refi) Annual growth in property values 60.0% 40.0% 20.0% 0.0% -20.0% -40.0% Sep-97 Sep-99 Sep-01 Sep-03 Sep-05 Sep-07 Sep-09 Sep-11
Sep-13
Sep-15
Source: CoreLogic RP Data, ABS
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The annual rate of investment credit growth is slowing while owner occupier demand rises Annual change in total housing credit, owner occupiers vs investors 35.0%
30.0% 25.0% 20.0% 15.0% 10% pa growth
10.0% 5.0%
Owner occupier housing
0.0% Aug-95
Investment housing
Aug-00
Aug-05
Aug-10
Aug-15
Proportion of total outstanding credit to ADIs 70.0%
Housing
Business
Other personal
60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% Aug-93
Aug-95
Aug-97
Aug-99
Aug-01
Aug-03
Aug-05
Aug-07
Aug-09
Aug-11
Aug-13
Aug-15 Source: CoreLogic RP Data, RBA
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CoreLogic Mortgage Index indicates an easing in mortgage related activity in August Number of platform events v Number of owner occ housing finance commitments 90,000 80,000 70,000 60,000 50,000 40,000
RMI
30,000 Aug-09
Feb-10
Aug-10
Feb-11
Aug-11
Feb-12
Aug-12
Feb-13
Aug-13
ABS Owner Occupier Housing Finance Feb-14
Aug-14
Feb-15
Aug-15
Monthly % change in platform events v Number of owner occ housing finance commitments 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% -10.0% -20.0% -30.0% -40.0% -50.0%
RMI Aug-09
Feb-10
Aug-10
Feb-11
Aug-11
Feb-12
Aug-12
Feb-13
Aug-13
Feb-14
ABS Owner Occupier Housing Finance Aug-14
Feb-15
Aug-15
CoreLogic’s Mortgage Index measures valuation activity across RP Data platforms, which more than 90% of ADI valuation requests nationally use, providing an almost real time indicator for how much mortgage activity is taking place. For more information, contact RP Data via email: [email protected] Source: CoreLogic RP Data, ABS
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Capital city housing market indicators
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Sydney: home values have been consistently trending higher for more than 3 years Rolling annual change in Sydney dwelling values v. combined capital cities
30.0%
25.0% 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% Sep 97
Combined capital cities Sep 99
Median Prices
$920,000 $660,000
Sep 01
Sydney Sep 03
Sep 05
Sep 07
Sep 09
Sep 11
Sep 13
Sep 15
Capital Gain Houses
Units
Dwellings
Past 12 months
17.6%
12.6%
16.7%
Annual over five years
7.5%
6.3%
7.3%
Annual over ten years
6.0%
5.3%
5.9%
RP Data’s suite of hedonic indices are available across broad housing types and across geographical areas including statistical divisions, statistical subdivisions and postcodes nationally. For further information an our hedonic method, please visit www.corelogic.com.aui/indices Source: CoreLogic RP Data
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Melbourne: the annual rate of growth is accelerating again 30.0%
Rolling annual change in Melbourne dwelling values v. combined capital cities
25.0% 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% Sep 97
Combined capital cities Sep 99
Median Prices
$635,000 $480,000
Sep 01
Melbourne Sep 03
Sep 05
Sep 07
Sep 09
Sep 11
Sep 13
Sep 15
Capital Gain Houses
Units
Dwellings
Past 12 months
15.5%
3.7%
14.2%
Annual over five years
4.3%
1.6%
4.0%
Annual over ten years
7.4%
5.3%
7.1%
RP Data’s suite of hedonic indices are available across broad housing types and across geographical areas including statistical divisions, statistical subdivisions and postcodes nationally. For further information an our hedonic method, please visit www.corelogic.com.aui/indices Source: CoreLogic RP Data
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Brisbane: annual capital growth remains moderate but is trending higher 40.0%
Rolling annual change in Brisbane dwelling values v. combined capital cities
30.0% 20.0% 10.0% 0.0% -10.0% Sep 97
Combined capital cities Sep 99
Median Prices
$494,000 $390,000
Sep 01
Brisbane Sep 03
Sep 05
Sep 07
Sep 09
Sep 11
Sep 13
Sep 15
Capital Gain Houses
Units
Dwellings
Past 12 months
4.9%
2.1%
4.6%
Annual over five years
0.6%
-0.4%
0.5%
Annual over ten years
3.8%
3.2%
3.7%
RP Data’s suite of hedonic indices are available across broad housing types and across geographical areas including statistical divisions, statistical subdivisions and postcodes nationally. For further information an our hedonic method, please visit www.corelogic.com.aui/indices Source: CoreLogic RP Data
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Adelaide: home values have now fallen over the past year 30.0%
Rolling annual change in Adelaide dwelling values v. combined capital cities
25.0% 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% Sep 97
Combined capital cities Sep 99
Median Prices
$431,500 $340,000
Sep 01
Adelaide Sep 03
Sep 05
Sep 07
Sep 09
Sep 11
Sep 13
Sep 15
Capital Gain Houses
Units
Dwellings
Past 12 months
0.3%
-6.9%
-0.3%
Annual over five years
0.5%
-2.3%
0.2%
Annual over ten years
3.6%
2.8%
3.5%
RP Data’s suite of hedonic indices are available across broad housing types and across geographical areas including statistical divisions, statistical subdivisions and postcodes nationally. For further information an our hedonic method, please visit www.corelogic.com.aui/indices Source: CoreLogic RP Data
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Perth: home values have continued to decline across the city Rolling annual change in Perth dwelling values v. combined capital cities
50.0%
40.0% 30.0% 20.0% 10.0% 0.0% -10.0% Sep 97
Combined capital cities Sep 99
Median Prices
$510,000 $414,000
Sep 01
Perth Sep 03
Sep 05
Sep 07
Sep 09
Sep 11
Sep 13
Sep 15
Capital Gain Houses
Units
Dwellings
Past 12 months
-0.7%
-4.0%
-0.9%
Annual over five years
0.8%
0.4%
0.8%
Annual over ten years
4.9%
4.6%
4.9%
RP Data’s suite of hedonic indices are available across broad housing types and across geographical areas including statistical divisions, statistical subdivisions and postcodes nationally. For further information an our hedonic method, please visit www.corelogic.com.aui/indices Source: CoreLogic RP Data
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Hobart: home values are falling and are lower than they were five years ago Rolling annual change in Hobart dwelling values v. combined capital cities
70.0%
60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% -10.0% Sep 99
Combined capital cities Sep 01
Median Prices
$330,200 $280,000
Sep 03
Hobart Sep 05
Sep 07
Sep 09
Sep 11
Sep 13
Sep 15
Capital Gain Houses
Units
Dwellings
Past 12 months
-0.6%
3.7%
-0.2%
Annual over five years
-1.5%
1.7%
-1.2%
Annual over ten years
1.2%
3.0%
1.4%
RP Data’s suite of hedonic indices are available across broad housing types and across geographical areas including statistical divisions, statistical subdivisions and postcodes nationally. For further information an our hedonic method, please visit www.corelogic.com.aui/indices Source: CoreLogic RP Data
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Darwin: home values continue to show a sharp decline 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% -15.0% Sep 01
Rolling annual change in Darwin dwelling values v. combined capital cities
Combined capital cities Sep 03
Median Prices
$595,000 $475,000
Darwin
Sep 05
Sep 07
Sep 09
Sep 11
Sep 13
Sep 15
Capital Gain Houses
Units
Dwellings
Past 12 months
-3.1%
-7.4%
-3.9%
Annual over five years
-1.3%
-3.1%
-1.6%
Annual over ten years
6.7%
5.3%
6.4%
RP Data’s suite of hedonic indices are available across broad housing types and across geographical areas including statistical divisions, statistical subdivisions and postcodes nationally. For further information an our hedonic method, please visit www.corelogic.com.aui/indices Source: CoreLogic RP Data
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Canberra: the city is recording only moderate levels of annual value growth Rolling annual change in Canberra dwelling values v. combined capital cities
35.0% 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% Sep 97
Combined capital cities Sep 99
Median Prices
$608,500 $402,500
Sep 01
Canberra Sep 03
Sep 05
Sep 07
Sep 09
Sep 11
Sep 13
Sep 15
Capital Gain Houses
Units
Dwellings
Past 12 months
1.1%
-6.2%
0.6%
Annual over five years
1.0%
-1.2%
0.9%
Annual over ten years
3.9%
2.4%
3.8%
RP Data’s suite of hedonic indices are available across broad housing types and across geographical areas including statistical divisions, statistical subdivisions and postcodes nationally. For further information an our hedonic method, please visit www.corelogic.com.aui/indices Source: CoreLogic RP Data
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Macroeconomic and demographic indicators
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Housing demand: population growth slows to its slowest rate in 9 years Quarterly change in national population
140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 Mar-85
Mar-90
Mar-95
Net overseas migration
Mar-05
Natural increase
80,000
AUST ACT NT TAS WA SA QLD VIC NSW
40,000
60,000
35,000
40,000 20,000
30,000
0
Mar-95
Mar-05
Mar-15
25,000 Mar-85
0.0%
Mar-95
Mar-05
Mar-10
Mar-15
Annual change in population
45,000
100,000
-20,000 Mar-85
Mar-00
1.4% 1.3% 0.2% 0.3% 1.4% 0.8% 1.3% 1.7% 1.4% 0.5%
1.0%
1.5%
2.0%
Mar-15
Source: CoreLogic RP Data, ABS
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Housing supply: dwelling approvals have eased but remain close to record high levels Monthly number of dwelling approvals, national
22,000
Total dwelling approvals
20,000
Total dwelling approvals (6 month rolling avg)
18,000 16,000
14,000 12,000 10,000
8,000 Aug-85
Aug-90
Aug-95
Aug-00
National dwelling approvals, houses v units
Aug-10
Aug-15
Major capital city annual approvals 80,000
15,000
Aug-05
Sydney
Melbourne
Brisbane
Adelaide
Perth
60,000
10,000
40,000
5,000 0 Aug-85
20,000 Houses
Units
Aug-90
Aug-95
Aug-00
Aug-05
Aug-10
Aug-15
0 Aug-87 Aug-91 Aug-95 Aug-99 Aug-03 Aug-07 Aug-11 Aug-15
Source: CoreLogic RP Data, ABS
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Housing supply: the gap between housing demand and supply is narrowing Quarterly dwellings approved for construction v quarterly change in population, national 120,000 Total quarterly dwelling approvals
Quarterly change in population growth
100,000 80,000 60,000 40,000 20,000 0 Aug-85
Aug-90
Aug-95
Aug-00
Aug-05
Aug-10
Aug-15
Source: CoreLogic RP Data, ABS
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Consumer sentiment fell in September, where to now following a change of Prime Minister? Consumer sentiment index 140
Consumer Sentiment Index
Six month rolling average
120
100 80
60 Sep-90
40.0%
Sep-95
Sep-00
Annual change in consumer sentiment v dwelling values
Sep-05
140
30.0%
Sep-15
Consumer sentiment v dwelling sales
120
20.0%
20,000
80
0.0% -10.0%
60
-20.0%
40
-30.0%
20 Consumer sentiment
Sep-00
Sep-03
Capital city home values
Sep-06
Sep-09
Sep-12
Sep-15
0 Sep-95
30,000 25,000
100
10.0%
-40.0% Sep-97
Sep-10
15,000 10,000
5,000
Consumer Sentiment (LHS)
Sales vols (Syd, Mel and Bris) (RHS)
Sep-99
Sep-03
Sep-07
Sep-11
0 Sep-15
Source: CoreLogic RP Data, Westpac-Melbourne Institute
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Labour force: unemployment rate sits at 6.2% and has been fairly steady for more than a year Annual change in employment, full time v part time 9.0% 7.0% 5.0%
3.0% 1.0% -1.0%
-3.0%
Full-time employment
-5.0% Aug-97 8.0
Aug-99
Aug-01
Part-time employment
Aug-03
Aug-05
Aug-07
National unemployment rate
7.0
%
%
6.0 5.0 4.0 3.0 Aug-00
Aug-03
Aug-06
Aug-09
Aug-12
Aug-15
67.0 66.0 65.0 64.0 63.0 62.0 61.0 60.0 Aug-00
Aug-09
Aug-11
Aug-13
Aug-15
National participation rate
Aug-03
Aug-06
Aug-09
Aug-12
Aug-15
Source: CoreLogic RP Data, ABS
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Mortgage rates: In September, the RBA kept interest rates on hold at 2% Mortgage rates and cash rate over time
15.0%
Standard variable mortgage rates
3 yr fixed mortgage rates
Cash rate
10.0% 5.0% 0.0% Sep-91
Sep-95
Sep-99
Sep-03
% of owner occupier loan commitments on fixed rate
Sep-07
Sep-11
Sep-15
ASX cash rate futures implied yield curve
30.0%
20.0% 10.0% 0.0% Jul-95
Jul-99
Jul-03
Jul-07
Jul-11
Jul-15
Source: CoreLogic RP Data, ABS, RBA
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About Us CoreLogic RP Data is a wholly owned subsidiary of CoreLogic (NYSE: CLGX),which is the largest data and analytics company in the world with revenues of $1.3Bn USD from 50,000 business and government customers and over 1 million end users. CoreLogic RP Data provides property information, analytics and services across Australia and New Zealand and is currently developing and growing partnerships throughout Asia. With Australia’s most comprehensive property databases, the company’s 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 11,000 customers and 120,000 end users, CoreLogic RP Data is the leading provider of property data, analytics and related services to consumers, investors, real estate, mortgage, finance, banking, insurance, developers, wealth management and government. CoreLogic RP Data delivers value to clients through unique data, analytics, workflow technology, advisory and geo spatial services. Clients rely on CoreLogic RP Data to help identify and manage growth opportunities, improve performance and mitigate risk. CoreLogic RP Data employs over 480 people at nine locations across Australia and in New Zealand. For more information call 1300 734 318 or visit www.corelogic.com.au
CoreLogic RP Data produces an advanced suite of housing market analytics that provides key insights for understanding housing market conditions at a granular geographic level. Granular data is often used for portfolio analysis and benchmarking, risk assessments and understanding development feasibility and market sizing. It gives industry professionals valuable modules which provide essential analytics and insights for decision making and strategy formation within the residential property asset class. We can tailor reports to suit your business requirements. Call us on 1300 734 318 or email us at [email protected] or visit us at www.corelogic.com.au
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Granular Data and Analytics Market Scorecard: Monitor and measure market share and performance of real estate agents at an individual office or a Franchise brand level across Australia. Identify the competing brands and independents at a suburb, postcode, user defined territory and State level. Easily locate growth opportunities and market hotspots, and view the performance of the established offices in these new areas of interest. Market Trends: Detailed housing market indicators down to the suburb level, with data in time series or snapshot and segmented across houses, units and land. The Market Trends data includes key housing market metrics such as median prices, median values, transaction volumes, rental statistics, vendor metrics such as average selling time and vendor discounting rates. CoreLogic RP Data Indices: The suite of CoreLogic RP Data Indices range from simple market measurements such as median prices through to repeat sales indices and our flagship hedonic home value indices. The CoreLogic RP Data Hedonic index has been specifically designed to track the value of a portfolio of properties over time and is relied upon by Australian regulators and industry as the most up to date and accurate measurement of housing market performance. Economist Pack: A suite of indices and indicators designed specifically for Australian economic commentators who require the most up to date and detailed view of housing market conditions. The economist pack includes the CoreLogic RP Data Hedonic indices for capital cities and ‘rest of state’ indices, the stratified hedonic index, hedonic total return index, auction clearance rates and median prices. Investor Concentration Report: Understanding ownership concentrations is an important part of assessing risk. Areas with high investor concentrations are typically allocated higher risk ratings due to the over-representation of a particular segment of the market. Through a series of rules and logic, CoreLogic RP Data has flagged the likely ownership type of every residential property nationally as either owner occupied, investor owned or government owned. Mortgage Market Trend Report: CoreLogic RP Data is in a unique position to monitor mortgage related housing market activity. Transaction volumes, dwelling values and mortgage related valuation events all comprise our Mortgage market trend report which provides an invaluable tool for mortgage industry benchmarking and strategy.
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Disclaimer 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) 2015. 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 (2015) 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
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Better data + Better analytics
= Better decisions 32 | © 2014 CoreLogic, Inc. ■ Proprietary & Confidential
© 2015 CoreLogic, Inc. ■ Proprietary & Confidential
Housing overview
2 | © 2015 CoreLogic, Inc. ■ Proprietary & Confidential
Residential real estate underpins Australia's wealth and has reached $6.2 trillion
Residential Real Estate
$6.2 Trillion Australian Superannuation
$2.3 Trillion Australian Listed Stocks
$1.7 Trillion Commercial Real Estate
$0.7 Trillion As at the end of September 2015
Source: CoreLogic RP Data
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Residential real estate accounts for more than half of all household wealth Distribution of household wealth, Australia 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Jun-91
19.4% 21.7%
7.2% 51.6%
Jun-95
Jun-99 Residential land & dwellings
Jun-03 Equities
Jun-07 Superannuation
Jun-11
Jun-15
Other
Source: CoreLogic RP Data, ABS
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Annual capital gains across the combined capital cities remain high Rolling annual change in dwelling values, combined capital cities 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% Sep 97
Sep 99
Median Prices
$613,000 $515,000
Sep 01
Sep 03
Sep 05
Sep 07
Sep 09
Sep 11
Sep 13
Sep 15
Capital Gain Houses
Units
Dwellings
Past 12 months
11.6%
7.3%
11.0%
Annual over five years
4.2%
3.6%
4.1%
Annual over ten years
5.8%
4.9%
5.7%
CoreLogic’s suite of hedonic indices are available across broad housing types and across geographical areas including statistical divisions, statistical subdivisions and postcodes nationally. For further information an our hedonic method, please visit www.corelogic.com.au/indices
Source: CoreLogic RP Data
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Turnover: house sales are trending higher while unit transactions are trending lower Monthly house and unit sales, national 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Jul 93
House sales (with 6 month moving avg)
Unit sales (with 6 month moving avg)
Jul 95
Jul 97
Jul 99
Jul 01
Jul 03
Jul 05
Jul 07
Jul 09
Jul 11
Jul 13
Jul 15
YoY % change in sales, states and territories
Annual Sales Year to Jul 2015
Year to Jul 2014
% change
Houses
358,945
350,505
2.4%
Units
138,040
151,426
-8.8%
Dwellings
496,985
501,931
-1.0%
10.0%
4.7%
1.2%
3.5%
0.6%
0.0% -10.0%
-9.4%
-12.8%
-20.0% NSW
Note the most recent 8 months worth of sales is modelled based on historical sales levels due to the lag associated with collecting sales records.
6 | © 2015 CoreLogic, Inc. ■ Proprietary & Confidential
-1.6%
-3.7%
Vic
Qld
SA
WA
Tas
NT
ACT
Source: CoreLogic RP Data
Rents are increasing at their slowest pace on record which is pushing yields lower Annual rental change
8.0% 7.0%
8.0%
6.0%
6.0%
5.0% 4.0%
4.0%
2.0% Annual change in rents 0.0% Sep-97
Sep-99
Sep-01
Annual change in house rents Combined capitals Melbourne Sydney Hobart Canberra Brisbane Adelaide Perth Darwin
-11.6%
-2.8%
-15% -10% -5%
0.3% 2.1% 1.7% 1.2% 1.0% 0.6% 0.1%
0%
3.0%
Gross rental yield Sep-03
Sep-05
Sep-07
Sep-09
Annual change in unit rents Combined capitals Hobart Sydney Melbourne Canberra Adelaide Brisbane Perth Darwin
5%
Gross rental yield
Annual change in rents vs gross rental yield, combined capital cities
10.0%
-0.2% -0.3% -7.4% -10.5%
1.5% 5.1% 2.9% 1.5% 1.3%
-15% -10% -5% 0% 5% 10%
Sep-11
Sep-13
2.0% Sep-15
Gross rental yields Combined capitals Darwin Hobart Brisbane Adelaide Canberra Perth Sydney Melbourne
3.5%
5.5% 5.3% 4.4% 4.2% 4.1% 3.9% 3.3% 3.0% 0%
2%
4%
6%
CoreLogic’s suite of rental statistics are available across broad housing types and across geographical areas including statistical divisions, statistical subdivisions and postcodes nationally. Source: CoreLogic RP Data
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Vendor metrics: auction clearance rates have been easing since April on higher volumes 90.0%
4,500
80.0%
4,000
70.0%
3,500
60.0%
3,000
50.0%
2,500
40.0%
2,000
30.0%
1,500
20.0%
1,000
10.0%
500
0.0% Oct-10
Apr-11
Oct-11
Apr-12
Oct-12
Apr-13
Oct-13
Avg vendor discount, combined capitals
0.0%
Oct-14
Apr-15
0 Oct-15
Avg time on market, combined capitals 80
-2.0%
60
-4.0%
40
-6.0%
20
-8.0% Aug 05
Apr-14
Number of auctions
Clearance rate
Combined capital city auction clearance rates and volumes
Aug 07
Aug 09
Aug 11
Aug 13
Aug 15
0 Aug 05
Aug 07
Aug 09
Aug 11
Aug 13
Aug 15
CoreLogic’s suite of vendor metrics are available across broad housing types and across geographical areas including statistical divisions, statistical subdivisions and postcodes nationally. Note that we typically see a seasonal peak in average time on market each year in January and February. Source: CoreLogic RP Data
8 | © 2015 CoreLogic, Inc. ■ Proprietary & Confidential
Listings: new and total listings are increasing as Spring progresses National number of new and total listings, rolling 4 weeks 300,000 250,000
Total listings
New listings
200,000 150,000 100,000 50,000 0 Sep-07
Sep-08
Sep-09
Sep-10
Sep-11
State and territory property listings State
No of new listings
12 mth change (%)
No of total listings
12 mth change (%)
NSW
13,667
11.3%
53,527
-4.2%
Vic
11,930
4.6%
53,832
-3.9%
Qld
10,480
4.9%
63,407
SA
2,883
-1.3%
16,480
WA
5,047
-9.1%
33,266
Tas
1,035
0.5%
NT
247
-30.0%
ACT
568 45,857
National
Sep-12
Sep-13
Sep-14
Sep-15
Capital city property listings No of new listings
12 mth change (%)
No of total listings
Sydney
8,617
16.0%
20,375
4.7%
Melbourne
8,545
5.7%
28,654
-5.4%
-0.6%
Brisbane
4,423
1.6%
17,848
-3.3%
2.2%
Adelaide
2,037
0.5%
7,325
-4.1%
12.9%
Perth
3,585
-11.2%
19,027
20.7%
9,448
-6.3%
Hobart
368
-10.2%
2,366
-15.9%
2,070
12.9%
Darwin
189
-27.3%
1,556
12.3%
9.4%
2,064
-6.2%
Canberra
566
9.3%
2,016
-6.4%
4.1%
234,094
-0.6%
Combined capitals
28,330
4.5%
99,168
1.2%
Capital city
12 mth change (%)
Source: CoreLogic RP Data
9 | © 2015 CoreLogic, Inc. ■ Proprietary & Confidential
Investor mortgage demand appears to be easing off while owner occupier demand is rising Value of housing finance commitments – monthly, national 16.0
Owner occupier new loans
Total value ($b)
14.0
Owner occupier refinances
Investment
12.0 10.0
Investor loans $13.6b
8.0
6.0 4.0
Owner occupier loans (excl. refi) $13.0b
2.0 0.0 Jul-95
Jul-99
Jul-03
Jul-07
Jul-11
Jul-15
Annual change in home values vs annual change in home lending (ex refinances) 80.0% Annual growth in housing finance (ex refi) Annual growth in property values 60.0% 40.0% 20.0% 0.0% -20.0% -40.0% Sep-97 Sep-99 Sep-01 Sep-03 Sep-05 Sep-07 Sep-09 Sep-11
Sep-13
Sep-15
Source: CoreLogic RP Data, ABS
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The annual rate of investment credit growth is slowing while owner occupier demand rises Annual change in total housing credit, owner occupiers vs investors 35.0%
30.0% 25.0% 20.0% 15.0% 10% pa growth
10.0% 5.0%
Owner occupier housing
0.0% Aug-95
Investment housing
Aug-00
Aug-05
Aug-10
Aug-15
Proportion of total outstanding credit to ADIs 70.0%
Housing
Business
Other personal
60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% Aug-93
Aug-95
Aug-97
Aug-99
Aug-01
Aug-03
Aug-05
Aug-07
Aug-09
Aug-11
Aug-13
Aug-15 Source: CoreLogic RP Data, RBA
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CoreLogic Mortgage Index indicates an easing in mortgage related activity in August Number of platform events v Number of owner occ housing finance commitments 90,000 80,000 70,000 60,000 50,000 40,000
RMI
30,000 Aug-09
Feb-10
Aug-10
Feb-11
Aug-11
Feb-12
Aug-12
Feb-13
Aug-13
ABS Owner Occupier Housing Finance Feb-14
Aug-14
Feb-15
Aug-15
Monthly % change in platform events v Number of owner occ housing finance commitments 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% -10.0% -20.0% -30.0% -40.0% -50.0%
RMI Aug-09
Feb-10
Aug-10
Feb-11
Aug-11
Feb-12
Aug-12
Feb-13
Aug-13
Feb-14
ABS Owner Occupier Housing Finance Aug-14
Feb-15
Aug-15
CoreLogic’s Mortgage Index measures valuation activity across RP Data platforms, which more than 90% of ADI valuation requests nationally use, providing an almost real time indicator for how much mortgage activity is taking place. For more information, contact RP Data via email: [email protected] Source: CoreLogic RP Data, ABS
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Capital city housing market indicators
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Sydney: home values have been consistently trending higher for more than 3 years Rolling annual change in Sydney dwelling values v. combined capital cities
30.0%
25.0% 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% Sep 97
Combined capital cities Sep 99
Median Prices
$920,000 $660,000
Sep 01
Sydney Sep 03
Sep 05
Sep 07
Sep 09
Sep 11
Sep 13
Sep 15
Capital Gain Houses
Units
Dwellings
Past 12 months
17.6%
12.6%
16.7%
Annual over five years
7.5%
6.3%
7.3%
Annual over ten years
6.0%
5.3%
5.9%
RP Data’s suite of hedonic indices are available across broad housing types and across geographical areas including statistical divisions, statistical subdivisions and postcodes nationally. For further information an our hedonic method, please visit www.corelogic.com.aui/indices Source: CoreLogic RP Data
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Melbourne: the annual rate of growth is accelerating again 30.0%
Rolling annual change in Melbourne dwelling values v. combined capital cities
25.0% 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% Sep 97
Combined capital cities Sep 99
Median Prices
$635,000 $480,000
Sep 01
Melbourne Sep 03
Sep 05
Sep 07
Sep 09
Sep 11
Sep 13
Sep 15
Capital Gain Houses
Units
Dwellings
Past 12 months
15.5%
3.7%
14.2%
Annual over five years
4.3%
1.6%
4.0%
Annual over ten years
7.4%
5.3%
7.1%
RP Data’s suite of hedonic indices are available across broad housing types and across geographical areas including statistical divisions, statistical subdivisions and postcodes nationally. For further information an our hedonic method, please visit www.corelogic.com.aui/indices Source: CoreLogic RP Data
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Brisbane: annual capital growth remains moderate but is trending higher 40.0%
Rolling annual change in Brisbane dwelling values v. combined capital cities
30.0% 20.0% 10.0% 0.0% -10.0% Sep 97
Combined capital cities Sep 99
Median Prices
$494,000 $390,000
Sep 01
Brisbane Sep 03
Sep 05
Sep 07
Sep 09
Sep 11
Sep 13
Sep 15
Capital Gain Houses
Units
Dwellings
Past 12 months
4.9%
2.1%
4.6%
Annual over five years
0.6%
-0.4%
0.5%
Annual over ten years
3.8%
3.2%
3.7%
RP Data’s suite of hedonic indices are available across broad housing types and across geographical areas including statistical divisions, statistical subdivisions and postcodes nationally. For further information an our hedonic method, please visit www.corelogic.com.aui/indices Source: CoreLogic RP Data
16 | © 2015 CoreLogic, Inc. ■ Proprietary & Confidential
Adelaide: home values have now fallen over the past year 30.0%
Rolling annual change in Adelaide dwelling values v. combined capital cities
25.0% 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% Sep 97
Combined capital cities Sep 99
Median Prices
$431,500 $340,000
Sep 01
Adelaide Sep 03
Sep 05
Sep 07
Sep 09
Sep 11
Sep 13
Sep 15
Capital Gain Houses
Units
Dwellings
Past 12 months
0.3%
-6.9%
-0.3%
Annual over five years
0.5%
-2.3%
0.2%
Annual over ten years
3.6%
2.8%
3.5%
RP Data’s suite of hedonic indices are available across broad housing types and across geographical areas including statistical divisions, statistical subdivisions and postcodes nationally. For further information an our hedonic method, please visit www.corelogic.com.aui/indices Source: CoreLogic RP Data
17 | © 2015 CoreLogic, Inc. ■ Proprietary & Confidential
Perth: home values have continued to decline across the city Rolling annual change in Perth dwelling values v. combined capital cities
50.0%
40.0% 30.0% 20.0% 10.0% 0.0% -10.0% Sep 97
Combined capital cities Sep 99
Median Prices
$510,000 $414,000
Sep 01
Perth Sep 03
Sep 05
Sep 07
Sep 09
Sep 11
Sep 13
Sep 15
Capital Gain Houses
Units
Dwellings
Past 12 months
-0.7%
-4.0%
-0.9%
Annual over five years
0.8%
0.4%
0.8%
Annual over ten years
4.9%
4.6%
4.9%
RP Data’s suite of hedonic indices are available across broad housing types and across geographical areas including statistical divisions, statistical subdivisions and postcodes nationally. For further information an our hedonic method, please visit www.corelogic.com.aui/indices Source: CoreLogic RP Data
18 | © 2015 CoreLogic, Inc. ■ Proprietary & Confidential
Hobart: home values are falling and are lower than they were five years ago Rolling annual change in Hobart dwelling values v. combined capital cities
70.0%
60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% -10.0% Sep 99
Combined capital cities Sep 01
Median Prices
$330,200 $280,000
Sep 03
Hobart Sep 05
Sep 07
Sep 09
Sep 11
Sep 13
Sep 15
Capital Gain Houses
Units
Dwellings
Past 12 months
-0.6%
3.7%
-0.2%
Annual over five years
-1.5%
1.7%
-1.2%
Annual over ten years
1.2%
3.0%
1.4%
RP Data’s suite of hedonic indices are available across broad housing types and across geographical areas including statistical divisions, statistical subdivisions and postcodes nationally. For further information an our hedonic method, please visit www.corelogic.com.aui/indices Source: CoreLogic RP Data
19 | © 2015 CoreLogic, Inc. ■ Proprietary & Confidential
Darwin: home values continue to show a sharp decline 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% -15.0% Sep 01
Rolling annual change in Darwin dwelling values v. combined capital cities
Combined capital cities Sep 03
Median Prices
$595,000 $475,000
Darwin
Sep 05
Sep 07
Sep 09
Sep 11
Sep 13
Sep 15
Capital Gain Houses
Units
Dwellings
Past 12 months
-3.1%
-7.4%
-3.9%
Annual over five years
-1.3%
-3.1%
-1.6%
Annual over ten years
6.7%
5.3%
6.4%
RP Data’s suite of hedonic indices are available across broad housing types and across geographical areas including statistical divisions, statistical subdivisions and postcodes nationally. For further information an our hedonic method, please visit www.corelogic.com.aui/indices Source: CoreLogic RP Data
20 | © 2015 CoreLogic, Inc. ■ Proprietary & Confidential
Canberra: the city is recording only moderate levels of annual value growth Rolling annual change in Canberra dwelling values v. combined capital cities
35.0% 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% Sep 97
Combined capital cities Sep 99
Median Prices
$608,500 $402,500
Sep 01
Canberra Sep 03
Sep 05
Sep 07
Sep 09
Sep 11
Sep 13
Sep 15
Capital Gain Houses
Units
Dwellings
Past 12 months
1.1%
-6.2%
0.6%
Annual over five years
1.0%
-1.2%
0.9%
Annual over ten years
3.9%
2.4%
3.8%
RP Data’s suite of hedonic indices are available across broad housing types and across geographical areas including statistical divisions, statistical subdivisions and postcodes nationally. For further information an our hedonic method, please visit www.corelogic.com.aui/indices Source: CoreLogic RP Data
21 | © 2015 CoreLogic, Inc. ■ Proprietary & Confidential
Macroeconomic and demographic indicators
22 | © 2015 CoreLogic, Inc. ■ Proprietary & Confidential
Housing demand: population growth slows to its slowest rate in 9 years Quarterly change in national population
140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 Mar-85
Mar-90
Mar-95
Net overseas migration
Mar-05
Natural increase
80,000
AUST ACT NT TAS WA SA QLD VIC NSW
40,000
60,000
35,000
40,000 20,000
30,000
0
Mar-95
Mar-05
Mar-15
25,000 Mar-85
0.0%
Mar-95
Mar-05
Mar-10
Mar-15
Annual change in population
45,000
100,000
-20,000 Mar-85
Mar-00
1.4% 1.3% 0.2% 0.3% 1.4% 0.8% 1.3% 1.7% 1.4% 0.5%
1.0%
1.5%
2.0%
Mar-15
Source: CoreLogic RP Data, ABS
23 | © 2015 CoreLogic, Inc. ■ Proprietary & Confidential
Housing supply: dwelling approvals have eased but remain close to record high levels Monthly number of dwelling approvals, national
22,000
Total dwelling approvals
20,000
Total dwelling approvals (6 month rolling avg)
18,000 16,000
14,000 12,000 10,000
8,000 Aug-85
Aug-90
Aug-95
Aug-00
National dwelling approvals, houses v units
Aug-10
Aug-15
Major capital city annual approvals 80,000
15,000
Aug-05
Sydney
Melbourne
Brisbane
Adelaide
Perth
60,000
10,000
40,000
5,000 0 Aug-85
20,000 Houses
Units
Aug-90
Aug-95
Aug-00
Aug-05
Aug-10
Aug-15
0 Aug-87 Aug-91 Aug-95 Aug-99 Aug-03 Aug-07 Aug-11 Aug-15
Source: CoreLogic RP Data, ABS
24 | © 2015 CoreLogic, Inc. ■ Proprietary & Confidential
Housing supply: the gap between housing demand and supply is narrowing Quarterly dwellings approved for construction v quarterly change in population, national 120,000 Total quarterly dwelling approvals
Quarterly change in population growth
100,000 80,000 60,000 40,000 20,000 0 Aug-85
Aug-90
Aug-95
Aug-00
Aug-05
Aug-10
Aug-15
Source: CoreLogic RP Data, ABS
25 | © 2015 CoreLogic, Inc. ■ Proprietary & Confidential
Consumer sentiment fell in September, where to now following a change of Prime Minister? Consumer sentiment index 140
Consumer Sentiment Index
Six month rolling average
120
100 80
60 Sep-90
40.0%
Sep-95
Sep-00
Annual change in consumer sentiment v dwelling values
Sep-05
140
30.0%
Sep-15
Consumer sentiment v dwelling sales
120
20.0%
20,000
80
0.0% -10.0%
60
-20.0%
40
-30.0%
20 Consumer sentiment
Sep-00
Sep-03
Capital city home values
Sep-06
Sep-09
Sep-12
Sep-15
0 Sep-95
30,000 25,000
100
10.0%
-40.0% Sep-97
Sep-10
15,000 10,000
5,000
Consumer Sentiment (LHS)
Sales vols (Syd, Mel and Bris) (RHS)
Sep-99
Sep-03
Sep-07
Sep-11
0 Sep-15
Source: CoreLogic RP Data, Westpac-Melbourne Institute
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Labour force: unemployment rate sits at 6.2% and has been fairly steady for more than a year Annual change in employment, full time v part time 9.0% 7.0% 5.0%
3.0% 1.0% -1.0%
-3.0%
Full-time employment
-5.0% Aug-97 8.0
Aug-99
Aug-01
Part-time employment
Aug-03
Aug-05
Aug-07
National unemployment rate
7.0
%
%
6.0 5.0 4.0 3.0 Aug-00
Aug-03
Aug-06
Aug-09
Aug-12
Aug-15
67.0 66.0 65.0 64.0 63.0 62.0 61.0 60.0 Aug-00
Aug-09
Aug-11
Aug-13
Aug-15
National participation rate
Aug-03
Aug-06
Aug-09
Aug-12
Aug-15
Source: CoreLogic RP Data, ABS
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Mortgage rates: In September, the RBA kept interest rates on hold at 2% Mortgage rates and cash rate over time
15.0%
Standard variable mortgage rates
3 yr fixed mortgage rates
Cash rate
10.0% 5.0% 0.0% Sep-91
Sep-95
Sep-99
Sep-03
% of owner occupier loan commitments on fixed rate
Sep-07
Sep-11
Sep-15
ASX cash rate futures implied yield curve
30.0%
20.0% 10.0% 0.0% Jul-95
Jul-99
Jul-03
Jul-07
Jul-11
Jul-15
Source: CoreLogic RP Data, ABS, RBA
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About Us CoreLogic RP Data is a wholly owned subsidiary of CoreLogic (NYSE: CLGX),which is the largest data and analytics company in the world with revenues of $1.3Bn USD from 50,000 business and government customers and over 1 million end users. CoreLogic RP Data provides property information, analytics and services across Australia and New Zealand and is currently developing and growing partnerships throughout Asia. With Australia’s most comprehensive property databases, the company’s 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 11,000 customers and 120,000 end users, CoreLogic RP Data is the leading provider of property data, analytics and related services to consumers, investors, real estate, mortgage, finance, banking, insurance, developers, wealth management and government. CoreLogic RP Data delivers value to clients through unique data, analytics, workflow technology, advisory and geo spatial services. Clients rely on CoreLogic RP Data to help identify and manage growth opportunities, improve performance and mitigate risk. CoreLogic RP Data employs over 480 people at nine locations across Australia and in New Zealand. For more information call 1300 734 318 or visit www.corelogic.com.au
CoreLogic RP Data produces an advanced suite of housing market analytics that provides key insights for understanding housing market conditions at a granular geographic level. Granular data is often used for portfolio analysis and benchmarking, risk assessments and understanding development feasibility and market sizing. It gives industry professionals valuable modules which provide essential analytics and insights for decision making and strategy formation within the residential property asset class. We can tailor reports to suit your business requirements. Call us on 1300 734 318 or email us at [email protected] or visit us at www.corelogic.com.au
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Granular Data and Analytics Market Scorecard: Monitor and measure market share and performance of real estate agents at an individual office or a Franchise brand level across Australia. Identify the competing brands and independents at a suburb, postcode, user defined territory and State level. Easily locate growth opportunities and market hotspots, and view the performance of the established offices in these new areas of interest. Market Trends: Detailed housing market indicators down to the suburb level, with data in time series or snapshot and segmented across houses, units and land. The Market Trends data includes key housing market metrics such as median prices, median values, transaction volumes, rental statistics, vendor metrics such as average selling time and vendor discounting rates. CoreLogic RP Data Indices: The suite of CoreLogic RP Data Indices range from simple market measurements such as median prices through to repeat sales indices and our flagship hedonic home value indices. The CoreLogic RP Data Hedonic index has been specifically designed to track the value of a portfolio of properties over time and is relied upon by Australian regulators and industry as the most up to date and accurate measurement of housing market performance. Economist Pack: A suite of indices and indicators designed specifically for Australian economic commentators who require the most up to date and detailed view of housing market conditions. The economist pack includes the CoreLogic RP Data Hedonic indices for capital cities and ‘rest of state’ indices, the stratified hedonic index, hedonic total return index, auction clearance rates and median prices. Investor Concentration Report: Understanding ownership concentrations is an important part of assessing risk. Areas with high investor concentrations are typically allocated higher risk ratings due to the over-representation of a particular segment of the market. Through a series of rules and logic, CoreLogic RP Data has flagged the likely ownership type of every residential property nationally as either owner occupied, investor owned or government owned. Mortgage Market Trend Report: CoreLogic RP Data is in a unique position to monitor mortgage related housing market activity. Transaction volumes, dwelling values and mortgage related valuation events all comprise our Mortgage market trend report which provides an invaluable tool for mortgage industry benchmarking and strategy.
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Disclaimer 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) 2015. 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 (2015) 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
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Better data + Better analytics
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