Housing Market and Economic Update - My Home Real Estate
Housing Market and Economic Update February 2016
© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Housing overview
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© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Residential real estate underpins Australia's wealth and has reached $6.4 trillion
Residential Real Estate
$6.4 Trillion Australian Superannuation
$2.3 Trillion Australian Listed Stocks
$1.6 Trillion Commercial Real Estate
$0.7 Trillion As at the end of January 2016
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% Sep-90
19.8% 21.0%
7.1% 52.1%
Sep-95 Residential land & dwellings
Source: CoreLogic RP Data, ABS
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Sep-00 Equities
Sep-05 Superannuation
Sep-10
Sep-15 Other
The annual rate of capital gain has been trending lower since July 2015 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% Jan 98
Jan 00
Median Prices
$600,000 $502,000
Jan 02
Jan 04
Jan 08
Jan 10
Jan 12
Jan 14
Jan 16
Capital Gain Houses
Units
Dwellings
Past 12 months
7.5%
6.8%
7.4%
Annual over five years
4.3%
3.9%
4.3%
Annual over ten years
5.6%
5.1%
5.6%
Source: CoreLogic RP Data
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Jan 06
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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
Turnover: transaction numbers have trended higher across most states over the past year Monthly house and unit sales, national 45,000 40,000 House sales (with 6 month moving avg) 35,000 30,000 25,000 20,000 Unit sales (with 6 month moving avg) 15,000 10,000 5,000 0 Nov 93 Nov 95 Nov 97 Nov 99 Nov 01 Nov 03 Nov 05 Nov 07 Nov 09 Nov 11 Nov 13 Nov 15 YoY % change in sales, states and territories
Annual Sales Year to Nov 2015
Year to Nov 2014
% change
10.0%
3.5%
0.8%
5.4%
4.0%
0.0%
Houses
357,192
349,993
2.1%
Units
137,373
148,245
-7.3%
Dwellings
494,564
498,238
-0.7%
-10.0%
-0.6%
-1.8%
-20.0%
-14.7% -23.2%
-30.0% NSW
Vic
Qld
SA
WA
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. ‘Off the plan’ sales are not included in transaction counts until settled. Source: CoreLogic RP Data
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Tas
NT
ACT
Rental growth has reached a record low and is unchanged over the past year Annual rental change
8.0%
7.0%
6.0%
6.0%
4.0%
5.0%
2.0%
4.0%
0.0%
3.0%
-2.0% Jan-98
Annual change in rents Jan-00
Jan-02
Annual change in house rents Combined capitals Melbourne Canberra Sydney Hobart Adelaide Brisbane Perth Darwin
-0.3%
-13.7%
-0.2% -0.4% -0.7% -8.5%
-15% -10% -5%
2.1% 1.8% 1.1%
0%
Gross rental yield Jan-04
Jan-06
Jan-08
Jan-10
Jan-12
Annual change in unit rents Combined capitals Hobart Sydney Canberra Melbourne Adelaide Brisbane Perth Darwin
5%
-0.3% -1.2% -9.0% -12.1%
-15% -10% -5%
Source: CoreLogic RP Data
© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
2.0% Jan-16
Gross rental yields
1.5% 3.6% 2.9% 2.2% 2.0%
0%
Jan-14
Combined capitals Darwin Hobart Brisbane Adelaide Canberra Perth Sydney Melbourne
5%
CoreLogic’s suite of rental statistics are available across broad housing types and across geographical areas including statistical divisions, statistical subdivisions and postcodes nationally.
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8.0%
Gross rental yield
Annual change in rents vs gross rental yield, combined capital cities
10.0%
3.5%
5.3% 5.1% 4.4% 4.2% 4.1% 3.8% 3.4% 3.0% 0%
2%
4%
6%
Vendor metrics: auction clearance rates shifted lower late last year 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% Dec-10
Jun-11
Dec-11
Jun-12
Dec-12
Jun-13
Dec-13
Avg vendor discount, combined capitals 0.0%
Dec-14
Jun-15
0 Dec-15
Avg time on market, combined capitals 80
-2.0%
60
-4.0%
40
-6.0%
20
-8.0% Dec 05
Jun-14
Number of auctions
Clearance rate
Combined capital city auction clearance rates and volumes 90.0%
Dec 07
Dec 09
Dec 11
Dec 13
Dec 15
0 Dec 05
Dec 07
Dec 09
Dec 11
Dec 13
Dec 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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© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Listings: every capital city except Hobart is seeing stock levels higher than a year ago 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 Jan-08
Jan-09
Jan-10
Jan-11
Jan-12
State and territory property listings State
No of new listings
12 mth change (%)
No of total listings
12 mth change (%)
Jan-14
Jan-15
Jan-16
Capital city property listings Capital city
No of new listings
12 mth change (%)
No of total listings
12 mth change (%)
NSW
9,810
6.0%
52,385
0.0%
Sydney
5,017
-5.1%
18,442
15.3%
Vic
10,996
27.0%
55,005
3.5%
Melbourne
7,088
23.8%
27,285
4.1%
Qld
12,101
33.2%
66,984
5.6%
Brisbane
4,916
26.9%
19,183
6.7%
SA
4,024
53.5%
18,817
12.5%
Adelaide
2,518
33.4%
8,497
10.7%
WA
6,203
13.1%
35,220
8.3%
Perth
4,388
10.4%
20,379
12.9%
Tas
1,335
30.4%
10,519
0.0%
Hobart
450
19.7%
2,732
-4.0%
NT
314
12.5%
2,219
22.3%
Darwin
232
2.7%
1,613
17.4%
ACT National
550
4.2%
2,069
1.3%
Canberra
45,333
22.8%
243,218
4.6%
Combined capitals
Source: CoreLogic RP Data
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Jan-13
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546
3.6%
2,019
0.6%
25,158
15.0%
100,158
8.7%
After recent sharp falls, investor housing finance commitments rose slightly in November Value of housing finance commitments – monthly, national 16.0
Owner occupier new loans Owner occupier refinances Investment
Total value ($b)
14.0 12.0 10.0
Investor loans $11.5b
8.0
6.0 4.0
Owner occupier loans (excl. refi) $14.6b
2.0 0.0 Nov-95
Nov-99
Nov-03
Nov-07
Nov-11
Nov-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% Jan-98 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12
Source: CoreLogic RP Data, ABS
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© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Jan-14
Jan-16
The annual pace of investment credit growth continues to fall and is well below 10% 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% 0.0% Dec-95
Owner occupier housing
Investment housing
Dec-00
Dec-05
Dec-10
Dec-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% Dec-93
Dec-95
Dec-97
Dec-99
Source: CoreLogic RP Data, RBA
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© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Dec-01
Dec-03
Dec-05
Dec-07
Dec-09
Dec-11
Dec-13
Dec-15
CoreLogic’s Mortgage Index indicates easing mortgage demand over coming months 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 Dec-09
Jun-10
Dec-10
Jun-11
Dec-11
Jun-12
Dec-12
Jun-13
Dec-13
ABS Owner Occupier Housing Finance Jun-14
Dec-14
Jun-15
Dec-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 Dec-09
Jun-10
Dec-10
Jun-11
Dec-11
Jun-12
Dec-12
Jun-13
Dec-13
Jun-14
ABS Owner Occupier Housing Finance Dec-14
Jun-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
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© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Dec-15
Capital city housing market indicators
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© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Sydney: home values are now increasing at their slowest annual pace since September ‘13 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% Jan 98
Combined capital cities Jan 00
Median Prices
$885,000 $655,000
Jan 02
Sydney Jan 04
Jan 06
Jan 08
Jan 10
Jan 12
Jan 14
Jan 16
Capital Gain Houses
Units
Dwellings
Past 12 months
10.7%
9.6%
10.5%
Annual over five years
7.4%
6.3%
7.2%
Annual over ten years
6.0%
5.5%
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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© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Melbourne: annual home value growth is now higher than Sydney’s 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% Jan 98
Combined capital cities Jan 00
Median Prices
$652,200 $429,000
Jan 02
Melbourne Jan 04
Jan 06
Jan 08
Jan 10
Jan 12
Jan 14
Jan 16
Capital Gain Houses
Units
Dwellings
Past 12 months
11.6%
5.4%
11.0%
Annual over five years
4.6%
2.1%
4.3%
Annual over ten years
7.4%
5.5%
7.2%
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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© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Brisbane: annual capital gains have been moderate 40.0%
Rolling annual change in Brisbane dwelling values v. combined capital cities
30.0% 20.0% 10.0% 0.0% -10.0% Jan 98
Combined capital cities Jan 00
Median Prices
$510,000 $392,200
Jan 02
Brisbane Jan 04
Jan 06
Jan 08
Jan 10
Jan 12
Jan 14
Jan 16
Capital Gain Houses
Units
Dwellings
Past 12 months
2.6%
4.5%
2.8%
Annual over five years
1.1%
0.7%
1.1%
Annual over ten years
3.8%
3.4%
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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© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Adelaide: home values continue to show little sign of consistent growth 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% Jan 98
Combined capital cities Jan 00
Median Prices
$444,500 $355,000
Jan 02
Adelaide Jan 04
Jan 06
Jan 08
Jan 10
Jan 12
Jan 14
Jan 16
Capital Gain Houses
Units
Dwellings
Past 12 months
1.5%
-3.9%
1.1%
Annual over five years
0.5%
-1.2%
0.4%
Annual over ten years
3.6%
3.0%
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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© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Perth: Home values across the city continue to fall, down -4.1% over the past year 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% Jan 98
Combined capital cities Jan 00
Median Prices
$530,000 $424,000
Jan 02
Perth Jan 04
Jan 06
Jan 08
Jan 10
Jan 12
Jan 14
Jan 16
Capital Gain Houses
Units
Dwellings
Past 12 months
-4.4%
-0.4%
-4.1%
Annual over five years
0.8%
0.8%
0.8%
Annual over ten years
3.7%
4.1%
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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© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Hobart: home values have recorded a moderate 2.3% rise over the past year 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% Jan 00
Combined capital cities Jan 02
Median Prices
$350,500 $280,000
Jan 04
Hobart Jan 06
Jan 08
Jan 10
Jan 12
Jan 14
Jan 16
Capital Gain Houses
Units
Dwellings
Past 12 months
1.4%
13.2%
2.3%
Annual over five years
-1.0%
1.3%
-0.8%
Annual over ten years
1.5%
2.7%
1.6%
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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© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Darwin: home values continue to trend lower after peaking in May 2014 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% -15.0% Jan 01
Rolling annual change in Darwin dwelling values v. combined capital cities
Combined capital cities
Median Prices
$520,000 $507,000
Darwin
Jan 04
Jan 07
Jan 10
Jan 13
Jan 16
Capital Gain Houses
Units
Dwellings
Past 12 months
-3.2%
0.7%
-2.5%
Annual over five years
-0.4%
0.3%
-0.4%
Annual over ten years
5.9%
5.3%
5.8%
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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© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Canberra: dwelling values are rising due to higher house values while unit values continue to fall 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% Jan 98
Combined capital cities Jan 00
Median Prices
$640,000 $420,000
Jan 02
Canberra Jan 04
Jan 06
Jan 08
Jan 10
Jan 12
Jan 14
Jan 16
Capital Gain Houses
Units
Dwellings
Past 12 months
6.7%
-3.3%
6.0%
Annual over five years
1.9%
-0.3%
1.7%
Annual over ten years
4.1%
2.7%
4.0%
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 has continued to slow due to fewer overseas migrants Quarterly change in national population
140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 Jun-85
Jun-90
Jun-95
Net overseas migration 100,000
Natural increase
40,000
AUST ACT NT TAS WA SA QLD VIC NSW
35,000
20,000
30,000
0
Jun-95
Jun-05
Jun-15
25,000 Jun-85
Source: CoreLogic RP Data, ABS
© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Jun-95
Jun-05
Jun-10
Jun-15
Annual change in population
40,000
60,000
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Jun-05
45,000
80,000
-20,000 Jun-85
Jun-00
Jun-15
0.0%
1.4% 1.4% 0.4% 0.4% 1.3% 0.8% 1.2% 1.7% 1.4% 0.5%
1.0%
1.5%
2.0%
Housing supply: dwelling approvals are now trending lower 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 Nov-85
Nov-90
Nov-95
Nov-00
National dwelling approvals, houses v units 15,000
Houses
Nov-10
Nov-15
Major capital city annual approvals 80,000
Units
Nov-05
Sydney
Melbourne
Brisbane
Adelaide
Perth
60,000
10,000
40,000
5,000 0 Nov-85
20,000
Nov-90
Nov-95
Nov-00
Nov-05
Source: CoreLogic RP Data, ABS
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Nov-10
Nov-15
0 Nov-87 Nov-91 Nov-95 Nov-99 Nov-03 Nov-07 Nov-11 Nov-15
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 Nov-85
Nov-90
Nov-95
Source: CoreLogic RP Data, ABS
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Nov-00
Nov-05
Nov-10
Nov-15
Consumer sentiment fell to slightly pessimistic levels in January 2016 Consumer sentiment index 140
Consumer Sentiment Index
Six month rolling average
120
100 80
60 Jan-91
40.0%
Jan-96
Jan-01
Annual change in consumer sentiment v dwelling values
140
30.0%
Jan-16
Consumer sentiment v dwelling sales
20,000
80
0.0%
15,000
60
-10.0%
10,000
40
-20.0%
20
-30.0% Consumer sentiment
Jan-01
Jan-04
Capital city home values
Jan-07
Jan-10
Jan-13
Source: CoreLogic RP Data, Westpac-Melbourne Institute
© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Jan-16
0 Jan-96
30,000 25,000
100
10.0%
26
Jan-11
120
20.0%
-40.0% Jan-98
Jan-06
5,000
Consumer Sentiment (LHS) Sales vols (Syd, Mel and Bris) (RHS)
Jan-00
Jan-04
Jan-08
Jan-12
0 Jan-16
Labour force: job creation continue to accelerate while the unemployment rate trends lower 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% Dec-97 8.0
Dec-99
Dec-01
Part-time employment
Dec-03
Dec-05
Dec-07
National unemployment rate
7.0
%
%
6.0 5.0 4.0 3.0 Dec-00
Dec-03
Dec-06
Dec-09
Dec-12
Source: CoreLogic RP Data, ABS
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Dec-15
67.0 66.0 65.0 64.0 63.0 62.0 61.0 60.0 Dec-00
Dec-09
Dec-11
Dec-13
Dec-15
National participation rate
Dec-03
Dec-06
Dec-09
Dec-12
Dec-15
Mortgage rates: the RBA kept official interest rates on hold at 2.0% in February 2016 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% Feb-92
Feb-96
Feb-00
Feb-04
% of owner occupier loan commitments on fixed rate 30.0%
20.0% 10.0% 0.0% Nov-95
Nov-99
Nov-03
Nov-07
Source: CoreLogic RP Data, ABS, RBA
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Nov-11
Nov-15
Feb-08
Feb-12
Feb-16
ASX cash rate futures implied yield curve
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) 2016. 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
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© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Housing overview
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© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Residential real estate underpins Australia's wealth and has reached $6.4 trillion
Residential Real Estate
$6.4 Trillion Australian Superannuation
$2.3 Trillion Australian Listed Stocks
$1.6 Trillion Commercial Real Estate
$0.7 Trillion As at the end of January 2016
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% Sep-90
19.8% 21.0%
7.1% 52.1%
Sep-95 Residential land & dwellings
Source: CoreLogic RP Data, ABS
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© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Sep-00 Equities
Sep-05 Superannuation
Sep-10
Sep-15 Other
The annual rate of capital gain has been trending lower since July 2015 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% Jan 98
Jan 00
Median Prices
$600,000 $502,000
Jan 02
Jan 04
Jan 08
Jan 10
Jan 12
Jan 14
Jan 16
Capital Gain Houses
Units
Dwellings
Past 12 months
7.5%
6.8%
7.4%
Annual over five years
4.3%
3.9%
4.3%
Annual over ten years
5.6%
5.1%
5.6%
Source: CoreLogic RP Data
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Jan 06
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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
Turnover: transaction numbers have trended higher across most states over the past year Monthly house and unit sales, national 45,000 40,000 House sales (with 6 month moving avg) 35,000 30,000 25,000 20,000 Unit sales (with 6 month moving avg) 15,000 10,000 5,000 0 Nov 93 Nov 95 Nov 97 Nov 99 Nov 01 Nov 03 Nov 05 Nov 07 Nov 09 Nov 11 Nov 13 Nov 15 YoY % change in sales, states and territories
Annual Sales Year to Nov 2015
Year to Nov 2014
% change
10.0%
3.5%
0.8%
5.4%
4.0%
0.0%
Houses
357,192
349,993
2.1%
Units
137,373
148,245
-7.3%
Dwellings
494,564
498,238
-0.7%
-10.0%
-0.6%
-1.8%
-20.0%
-14.7% -23.2%
-30.0% NSW
Vic
Qld
SA
WA
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. ‘Off the plan’ sales are not included in transaction counts until settled. Source: CoreLogic RP Data
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© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Tas
NT
ACT
Rental growth has reached a record low and is unchanged over the past year Annual rental change
8.0%
7.0%
6.0%
6.0%
4.0%
5.0%
2.0%
4.0%
0.0%
3.0%
-2.0% Jan-98
Annual change in rents Jan-00
Jan-02
Annual change in house rents Combined capitals Melbourne Canberra Sydney Hobart Adelaide Brisbane Perth Darwin
-0.3%
-13.7%
-0.2% -0.4% -0.7% -8.5%
-15% -10% -5%
2.1% 1.8% 1.1%
0%
Gross rental yield Jan-04
Jan-06
Jan-08
Jan-10
Jan-12
Annual change in unit rents Combined capitals Hobart Sydney Canberra Melbourne Adelaide Brisbane Perth Darwin
5%
-0.3% -1.2% -9.0% -12.1%
-15% -10% -5%
Source: CoreLogic RP Data
© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
2.0% Jan-16
Gross rental yields
1.5% 3.6% 2.9% 2.2% 2.0%
0%
Jan-14
Combined capitals Darwin Hobart Brisbane Adelaide Canberra Perth Sydney Melbourne
5%
CoreLogic’s suite of rental statistics are available across broad housing types and across geographical areas including statistical divisions, statistical subdivisions and postcodes nationally.
7
8.0%
Gross rental yield
Annual change in rents vs gross rental yield, combined capital cities
10.0%
3.5%
5.3% 5.1% 4.4% 4.2% 4.1% 3.8% 3.4% 3.0% 0%
2%
4%
6%
Vendor metrics: auction clearance rates shifted lower late last year 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% Dec-10
Jun-11
Dec-11
Jun-12
Dec-12
Jun-13
Dec-13
Avg vendor discount, combined capitals 0.0%
Dec-14
Jun-15
0 Dec-15
Avg time on market, combined capitals 80
-2.0%
60
-4.0%
40
-6.0%
20
-8.0% Dec 05
Jun-14
Number of auctions
Clearance rate
Combined capital city auction clearance rates and volumes 90.0%
Dec 07
Dec 09
Dec 11
Dec 13
Dec 15
0 Dec 05
Dec 07
Dec 09
Dec 11
Dec 13
Dec 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: every capital city except Hobart is seeing stock levels higher than a year ago 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 Jan-08
Jan-09
Jan-10
Jan-11
Jan-12
State and territory property listings State
No of new listings
12 mth change (%)
No of total listings
12 mth change (%)
Jan-14
Jan-15
Jan-16
Capital city property listings Capital city
No of new listings
12 mth change (%)
No of total listings
12 mth change (%)
NSW
9,810
6.0%
52,385
0.0%
Sydney
5,017
-5.1%
18,442
15.3%
Vic
10,996
27.0%
55,005
3.5%
Melbourne
7,088
23.8%
27,285
4.1%
Qld
12,101
33.2%
66,984
5.6%
Brisbane
4,916
26.9%
19,183
6.7%
SA
4,024
53.5%
18,817
12.5%
Adelaide
2,518
33.4%
8,497
10.7%
WA
6,203
13.1%
35,220
8.3%
Perth
4,388
10.4%
20,379
12.9%
Tas
1,335
30.4%
10,519
0.0%
Hobart
450
19.7%
2,732
-4.0%
NT
314
12.5%
2,219
22.3%
Darwin
232
2.7%
1,613
17.4%
ACT National
550
4.2%
2,069
1.3%
Canberra
45,333
22.8%
243,218
4.6%
Combined capitals
Source: CoreLogic RP Data
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Jan-13
© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
546
3.6%
2,019
0.6%
25,158
15.0%
100,158
8.7%
After recent sharp falls, investor housing finance commitments rose slightly in November Value of housing finance commitments – monthly, national 16.0
Owner occupier new loans Owner occupier refinances Investment
Total value ($b)
14.0 12.0 10.0
Investor loans $11.5b
8.0
6.0 4.0
Owner occupier loans (excl. refi) $14.6b
2.0 0.0 Nov-95
Nov-99
Nov-03
Nov-07
Nov-11
Nov-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% Jan-98 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12
Source: CoreLogic RP Data, ABS
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Jan-14
Jan-16
The annual pace of investment credit growth continues to fall and is well below 10% 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% 0.0% Dec-95
Owner occupier housing
Investment housing
Dec-00
Dec-05
Dec-10
Dec-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% Dec-93
Dec-95
Dec-97
Dec-99
Source: CoreLogic RP Data, RBA
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© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Dec-01
Dec-03
Dec-05
Dec-07
Dec-09
Dec-11
Dec-13
Dec-15
CoreLogic’s Mortgage Index indicates easing mortgage demand over coming months 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 Dec-09
Jun-10
Dec-10
Jun-11
Dec-11
Jun-12
Dec-12
Jun-13
Dec-13
ABS Owner Occupier Housing Finance Jun-14
Dec-14
Jun-15
Dec-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 Dec-09
Jun-10
Dec-10
Jun-11
Dec-11
Jun-12
Dec-12
Jun-13
Dec-13
Jun-14
ABS Owner Occupier Housing Finance Dec-14
Jun-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
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Dec-15
Capital city housing market indicators
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Sydney: home values are now increasing at their slowest annual pace since September ‘13 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% Jan 98
Combined capital cities Jan 00
Median Prices
$885,000 $655,000
Jan 02
Sydney Jan 04
Jan 06
Jan 08
Jan 10
Jan 12
Jan 14
Jan 16
Capital Gain Houses
Units
Dwellings
Past 12 months
10.7%
9.6%
10.5%
Annual over five years
7.4%
6.3%
7.2%
Annual over ten years
6.0%
5.5%
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: annual home value growth is now higher than Sydney’s 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% Jan 98
Combined capital cities Jan 00
Median Prices
$652,200 $429,000
Jan 02
Melbourne Jan 04
Jan 06
Jan 08
Jan 10
Jan 12
Jan 14
Jan 16
Capital Gain Houses
Units
Dwellings
Past 12 months
11.6%
5.4%
11.0%
Annual over five years
4.6%
2.1%
4.3%
Annual over ten years
7.4%
5.5%
7.2%
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 gains have been moderate 40.0%
Rolling annual change in Brisbane dwelling values v. combined capital cities
30.0% 20.0% 10.0% 0.0% -10.0% Jan 98
Combined capital cities Jan 00
Median Prices
$510,000 $392,200
Jan 02
Brisbane Jan 04
Jan 06
Jan 08
Jan 10
Jan 12
Jan 14
Jan 16
Capital Gain Houses
Units
Dwellings
Past 12 months
2.6%
4.5%
2.8%
Annual over five years
1.1%
0.7%
1.1%
Annual over ten years
3.8%
3.4%
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 continue to show little sign of consistent growth 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% Jan 98
Combined capital cities Jan 00
Median Prices
$444,500 $355,000
Jan 02
Adelaide Jan 04
Jan 06
Jan 08
Jan 10
Jan 12
Jan 14
Jan 16
Capital Gain Houses
Units
Dwellings
Past 12 months
1.5%
-3.9%
1.1%
Annual over five years
0.5%
-1.2%
0.4%
Annual over ten years
3.6%
3.0%
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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© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Perth: Home values across the city continue to fall, down -4.1% over the past year 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% Jan 98
Combined capital cities Jan 00
Median Prices
$530,000 $424,000
Jan 02
Perth Jan 04
Jan 06
Jan 08
Jan 10
Jan 12
Jan 14
Jan 16
Capital Gain Houses
Units
Dwellings
Past 12 months
-4.4%
-0.4%
-4.1%
Annual over five years
0.8%
0.8%
0.8%
Annual over ten years
3.7%
4.1%
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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Hobart: home values have recorded a moderate 2.3% rise over the past year 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% Jan 00
Combined capital cities Jan 02
Median Prices
$350,500 $280,000
Jan 04
Hobart Jan 06
Jan 08
Jan 10
Jan 12
Jan 14
Jan 16
Capital Gain Houses
Units
Dwellings
Past 12 months
1.4%
13.2%
2.3%
Annual over five years
-1.0%
1.3%
-0.8%
Annual over ten years
1.5%
2.7%
1.6%
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 trend lower after peaking in May 2014 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% -15.0% Jan 01
Rolling annual change in Darwin dwelling values v. combined capital cities
Combined capital cities
Median Prices
$520,000 $507,000
Darwin
Jan 04
Jan 07
Jan 10
Jan 13
Jan 16
Capital Gain Houses
Units
Dwellings
Past 12 months
-3.2%
0.7%
-2.5%
Annual over five years
-0.4%
0.3%
-0.4%
Annual over ten years
5.9%
5.3%
5.8%
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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© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Canberra: dwelling values are rising due to higher house values while unit values continue to fall 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% Jan 98
Combined capital cities Jan 00
Median Prices
$640,000 $420,000
Jan 02
Canberra Jan 04
Jan 06
Jan 08
Jan 10
Jan 12
Jan 14
Jan 16
Capital Gain Houses
Units
Dwellings
Past 12 months
6.7%
-3.3%
6.0%
Annual over five years
1.9%
-0.3%
1.7%
Annual over ten years
4.1%
2.7%
4.0%
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
22
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Housing demand: population growth has continued to slow due to fewer overseas migrants Quarterly change in national population
140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 Jun-85
Jun-90
Jun-95
Net overseas migration 100,000
Natural increase
40,000
AUST ACT NT TAS WA SA QLD VIC NSW
35,000
20,000
30,000
0
Jun-95
Jun-05
Jun-15
25,000 Jun-85
Source: CoreLogic RP Data, ABS
© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Jun-95
Jun-05
Jun-10
Jun-15
Annual change in population
40,000
60,000
23
Jun-05
45,000
80,000
-20,000 Jun-85
Jun-00
Jun-15
0.0%
1.4% 1.4% 0.4% 0.4% 1.3% 0.8% 1.2% 1.7% 1.4% 0.5%
1.0%
1.5%
2.0%
Housing supply: dwelling approvals are now trending lower 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 Nov-85
Nov-90
Nov-95
Nov-00
National dwelling approvals, houses v units 15,000
Houses
Nov-10
Nov-15
Major capital city annual approvals 80,000
Units
Nov-05
Sydney
Melbourne
Brisbane
Adelaide
Perth
60,000
10,000
40,000
5,000 0 Nov-85
20,000
Nov-90
Nov-95
Nov-00
Nov-05
Source: CoreLogic RP Data, ABS
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© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Nov-10
Nov-15
0 Nov-87 Nov-91 Nov-95 Nov-99 Nov-03 Nov-07 Nov-11 Nov-15
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 Nov-85
Nov-90
Nov-95
Source: CoreLogic RP Data, ABS
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Nov-00
Nov-05
Nov-10
Nov-15
Consumer sentiment fell to slightly pessimistic levels in January 2016 Consumer sentiment index 140
Consumer Sentiment Index
Six month rolling average
120
100 80
60 Jan-91
40.0%
Jan-96
Jan-01
Annual change in consumer sentiment v dwelling values
140
30.0%
Jan-16
Consumer sentiment v dwelling sales
20,000
80
0.0%
15,000
60
-10.0%
10,000
40
-20.0%
20
-30.0% Consumer sentiment
Jan-01
Jan-04
Capital city home values
Jan-07
Jan-10
Jan-13
Source: CoreLogic RP Data, Westpac-Melbourne Institute
© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Jan-16
0 Jan-96
30,000 25,000
100
10.0%
26
Jan-11
120
20.0%
-40.0% Jan-98
Jan-06
5,000
Consumer Sentiment (LHS) Sales vols (Syd, Mel and Bris) (RHS)
Jan-00
Jan-04
Jan-08
Jan-12
0 Jan-16
Labour force: job creation continue to accelerate while the unemployment rate trends lower 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% Dec-97 8.0
Dec-99
Dec-01
Part-time employment
Dec-03
Dec-05
Dec-07
National unemployment rate
7.0
%
%
6.0 5.0 4.0 3.0 Dec-00
Dec-03
Dec-06
Dec-09
Dec-12
Source: CoreLogic RP Data, ABS
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Dec-15
67.0 66.0 65.0 64.0 63.0 62.0 61.0 60.0 Dec-00
Dec-09
Dec-11
Dec-13
Dec-15
National participation rate
Dec-03
Dec-06
Dec-09
Dec-12
Dec-15
Mortgage rates: the RBA kept official interest rates on hold at 2.0% in February 2016 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% Feb-92
Feb-96
Feb-00
Feb-04
% of owner occupier loan commitments on fixed rate 30.0%
20.0% 10.0% 0.0% Nov-95
Nov-99
Nov-03
Nov-07
Source: CoreLogic RP Data, ABS, RBA
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© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
Nov-11
Nov-15
Feb-08
Feb-12
Feb-16
ASX cash rate futures implied yield curve
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) 2016. 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
© 2016 CoreLogic, Inc. ■ Proprietary & Confidential
