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Housing Market and Economic Update September 2016 © 2016 CoreLogic, Inc. Proprietary & Confidential
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Transcript of Housing Market and Economic Update - CoreLogic · -10.0%-5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% Jul...

  • Housing Market and

    Economic Update

    September 2016

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential

  • Housing overview

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential2

  • Residential real estate underpins Australia's

    wealth and has reached $6.7 trillion

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential3

    As at the end of August 2016

    Residential Real Estate

    $6.7 Trillion

    Australian Superannuation

    $2.1 Trillion

    Australian Listed Stocks

    $1.6 Trillion

    Commercial Real Estate

    $0.85 Trillion

    Source: CoreLogic, ABS, RBA

    Number of dwellings

    9.7 million

    Outstanding

    mortgage debt

    $1.6 trillion

    Household wealth

    held in housing

    51.6%

    Total sales p.a.

    454,651

    Gross value of

    sales p.a.

    $261.6 billion

  • -10.0%

    -5.0%

    0.0%

    5.0%

    10.0%

    15.0%

    20.0%

    25.0%

    Jul 98 Jul 00 Jul 02 Jul 04 Jul 06 Jul 08 Jul 10 Jul 12 Jul 14 Jul 16

    The annual rate of capital gain has slowed from

    its peak but remains quite strong

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential4

    Rolling annual change in dwelling values, combined capital cities

    Median Prices Capital Gain

    $600,000Houses Units Dwellings

    Past 12 months 7.2 5.5% 7.0%

    $495,000Annual over five years 6.3% 4.6% 6.1%

    Annual over ten years 5.6% 5.1% 5.5%

    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

    http://www.corelogic.com.au/indices

  • -6.0%

    -4.0%

    -2.0%

    0.0%

    2.0%

    4.0%

    6.0%

    8.0%

    10.0%Sydney

    Melbourne

    Brisbane

    Adelaide

    Perth

    Hobart

    Darwin

    Canberra

    Past 12 months 10 year average annual

    9.4%

    9.1%

    4.4%

    3.1%

    -4.2%

    6.5%

    -4.2%

    7.6%

    7.0%

    -5% 0% 5% 10% 15%

    Sydney

    Melbourne

    Brisbane

    Adelaide

    Perth

    Hobart

    Darwin

    Canberra

    Combined capitals

    Values continue to fall in Perth and Darwin on

    an annual basis whilst rising across the

    remaining capital cities

    | © 2016 CoreLogic, Inc. ■ Proprietary & Confidential5

    Capital gain: Average over 10 years v past 12 months Change in capital city dwelling values,

    12 months to Jul 2016

    Source: CoreLogic

  • 0

    500

    1,000

    1,500

    Aug-96 Aug-01 Aug-06 Aug-11 Aug-16

    0

    100

    200

    300

    400

    500

    600

    Aug-01 Aug-06 Aug-11 Aug-16

    0

    200

    400

    600

    800

    Aug-96 Aug-01 Aug-06 Aug-11 Aug-160

    1,000

    2,000

    3,000

    4,000

    5,000

    6,000

    7,000

    Aug-96 Aug-01 Aug-06 Aug-11 Aug-16

    0

    500

    1,000

    1,500

    2,000

    2,500

    3,000

    3,500

    Aug-96 Aug-01 Aug-06 Aug-11 Aug-16

    0

    2,000

    4,000

    6,000

    8,000

    Aug-96 Aug-01 Aug-06 Aug-11 Aug-16

    0

    2,000

    4,000

    6,000

    8,000

    10,000

    12,000

    Aug-96 Aug-01 Aug-06 Aug-11 Aug-16

    0

    5,000

    10,000

    15,000

    Aug-96 Aug-01 Aug-06 Aug-11 Aug-16

    0

    5,000

    10,000

    15,000

    20,000

    25,000

    30,000

    35,000

    40,000

    Aug-96 Aug-01 Aug-06 Aug-11 Aug-16

    Turnover: capital city

    transaction numbers

    have continued to trend

    lower

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential6

    Note up-to-date sales volumes are forecasts due to delayed collection of recent sales. Off-the-plan sales are input at contract date but only following settlement, given this unit sales volumes in particular are probably understated

    over recent years.

    Source: CoreLogic

    Combined capitals

    Sydney

    Brisbane

    Perth

    Darwin

    Melbourne

    Adelaide

    Hobart

    Canberra

    12 month avg

  • 2.9%3.0%

    3.8%4.0%4.0%4.2%

    5.0%5.2%

    3.3%

    0% 2% 4% 6%

    MelbourneSydney

    PerthCanberraAdelaideBrisbane

    DarwinHobart

    Combined capitals

    -27.9%-8.4%-2.5%-1.0%

    1.3%1.8%2.2%14.3%0.7%

    -30% -20% -10% 0% 10% 20%

    DarwinPerth

    BrisbaneAdelaide

    MelbourneSydney

    CanberraHobart

    Combined capitals

    -10.8%-3.8%-0.9%-0.5%-0.3%

    2.5%2.7%6.0%

    -0.8%

    -15% -10% -5% 0% 5% 10%

    DarwinPerth

    BrisbaneSydney

    AdelaideMelbourne

    CanberraHobart

    Combined capitals

    2.0%

    3.0%

    4.0%

    5.0%

    6.0%

    7.0%

    8.0%

    -2.0%

    0.0%

    2.0%

    4.0%

    6.0%

    8.0%

    10.0%

    Aug-98 Aug-00 Aug-02 Aug-04 Aug-06 Aug-08 Aug-10 Aug-12 Aug-14 Aug-16

    Gro

    ss r

    en

    tal y

    ield

    An

    nu

    al r

    en

    tal c

    han

    ge

    Annual change in rents Gross rental yield

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential7

    The decline in capital city rents continues with

    asking rents down 0.5% over the past 12 months

    Annual change in rents vs gross rental yield, combined capital cities

    Annual change in house rents

    CoreLogic’s suite of rental statistics are available across broad housing types and across geographical areas including statistical divisions, statistical subdivisions

    and postcodes nationally.

    Annual change in unit rents Gross rental yields

    Source: CoreLogic

  • 0

    500

    1,000

    1,500

    2,000

    2,500

    3,000

    3,500

    4,000

    4,500

    0.0%

    10.0%

    20.0%

    30.0%

    40.0%

    50.0%

    60.0%

    70.0%

    80.0%

    90.0%

    Aug-09 Aug-10 Aug-11 Aug-12 Aug-13 Aug-14 Aug-15 Aug-16

    Nu

    mb

    er

    of

    au

    cti

    on

    s

    Cle

    ara

    nc

    e r

    ate

    -8.0%

    -6.0%

    -4.0%

    -2.0%

    0.0%

    Jul 06 Jul 08 Jul 10 Jul 12 Jul 14 Jul 16

    0

    20

    40

    60

    80

    Jul 06 Jul 08 Jul 10 Jul 12 Jul 14 Jul 16

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential8

    Vendor metrics: auction clearance rates are

    strong but private treaty measures are softening Combined capital city auction clearance rates and volumes

    Avg vendor discount, combined capitals Avg time on market, combined capitals

    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

  • StateNo of new

    listings

    12 mth

    change (%)

    No of total

    listings

    12 mth

    change (%)

    NSW 10,749 -14.3% 44,133 -15.6%

    Vic 10,498 -5.5% 51,555 -2.8%

    Qld 9,453 0.8% 64,884 2.8%

    SA 2,606 0.2% 17,580 8.0%

    WA 4,862 6.3% 37,504 12.4%

    Tas 935 12.4% 7,472 -24.2%

    NT 196 -22.8% 2,168 5.4%

    ACT 609 5.4% 1,833 -10.1%

    National 39,908 -4.7% 227,129 -2.1%

    Capital cityNo of new

    listings

    12 mth

    change (%)

    No of total

    listings

    12 mth

    change (%)

    Sydney 6,422 -20.9% 19,066 0.1%

    Melbourne 7,662 -7.8% 27,484 -2.1%

    Brisbane 4,154 6.1% 19,057 7.4%

    Adelaide 1,842 0.4% 7,707 7.1%

    Perth 3,618 8.9% 22,404 16.7%

    Hobart 347 6.1% 1,729 -31.0%

    Darwin 152 -22.1% 1,613 2.8%

    Canberra 594 4.0% 1,768 -10.9%

    Combined capitals 24,791 -6.8% 100,828 3.6%

    0

    50,000

    100,000

    150,000

    200,000

    250,000

    300,000

    Aug-08 Aug-09 Aug-10 Aug-11 Aug-12 Aug-13 Aug-14 Aug-15 Aug-16

    Total listings New listings

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential9

    Listings: new and total stock levels are lower than

    they were a year ago

    National number of new and total listings, rolling 4 weeks to 28/08/2016

    State and territory property listings Capital city property listings

    Source: CoreLogic

  • 33.4% 41.5% 46.5% 44.0%47.0% 52.3% 43.6% 46.0%

    20.2%21.0% 20.2% 24.6%

    24.0% 24.0% 19.5% 19.6%

    46.4% 37.4% 33.4%31.4% 29.0% 26.3% 36.9% 34.4%

    0%

    20%

    40%

    60%

    80%

    100%

    NSW Vic Qld SA WA Tas NT ACT

    Owner occupier new loans Owner occupier refinances Investors

    0.0

    2.0

    4.0

    6.0

    8.0

    10.0

    12.0

    14.0

    16.0

    Jun-96 Jun-00 Jun-04 Jun-08 Jun-12 Jun-16

    Tota

    l val

    ue

    ($b

    )

    Owner occupier new loans

    Owner occupier refinances

    Investment

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential10

    Lending to owner occupiers and investors has

    started to pick-up again

    Value of housing finance commitments – monthly, national

    Owner

    occupier loans

    (excl. refi)

    $13.9b

    Investor loans

    $11.8b

    Housing finance commitments by type and state, June 2016

    Source: CoreLogic, ABS

  • 0.0%

    10.0%

    20.0%

    30.0%

    40.0%

    50.0%

    60.0%

    70.0%

    Jul-91 Jul-96 Jul-01 Jul-06 Jul-11 Jul-16

    Housing Business Other personal

    0.0%

    5.0%

    10.0%

    15.0%

    20.0%

    25.0%

    30.0%

    35.0%

    Jul-96 Jul-01 Jul-06 Jul-11 Jul-16

    Owner occupier housing Investment housing

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential11

    The annual pace of investment credit growth is

    the slowest its been since November 2009Annual change in total housing credit, owner occupiers vs investors

    Proportion of total outstanding credit to ADIs

    10% pa growth

    Source: CoreLogic, RBA

  • 30,000

    40,000

    50,000

    60,000

    70,000

    80,000

    90,000

    Aug-09 Feb-10 Aug-10 Feb-11 Aug-11 Feb-12 Aug-12 Feb-13 Aug-13 Feb-14 Aug-14 Feb-15 Aug-15 Feb-16 Aug-16

    Number of platform events v Number of owner occ housing finance commitments

    RMI ABS Owner Occupier Housing Finance

    -50.0%

    -40.0%

    -30.0%

    -20.0%

    -10.0%

    0.0%

    10.0%

    20.0%

    30.0%

    40.0%

    50.0%

    Aug-09 Feb-10 Aug-10 Feb-11 Aug-11 Feb-12 Aug-12 Feb-13 Aug-13 Feb-14 Aug-14 Feb-15 Aug-15 Feb-16 Aug-16

    Monthly % change in platform events v Number of owner occ housing finance commitments

    RMI ABS Owner Occupier Housing Finance

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential12

    CoreLogic’s Mortgage Index indicates a pick-

    up in mortgage demand in August 2016

    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

    mailto:[email protected]

  • Capital city housing market indicators

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential13

  • -20%

    -10%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    Aug-01 Aug-04 Aug-07 Aug-10 Aug-13 Aug-16

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential14

    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.aui/indices

    Source: CoreLogic

    Annual change in dwelling values Sydney home values

    have increased by

    +3.9% over the past

    three months and

    are +9.4% higher

    over the past year.

    The annual rate of

    value growth has

    slowed from a peak

    of +18.4% in July

    2015

    Sydney

    Combined

    capitals

    http://www.corelogic.com.aui/indices

  • -20%

    -10%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    Aug-01 Aug-04 Aug-07 Aug-10 Aug-13 Aug-16

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential15

    Annual change in dwelling values Melbourne home

    values have

    increased by +3.4%

    over the past three

    months and are

    +9.1% higher over

    the past year. The

    annual rate of value

    growth has slowed

    from a peak of

    +14.2% in

    September 2015

    Melbourne

    Combined

    capitals

    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.aui/indices

    Source: CoreLogic

    http://www.corelogic.com.aui/indices

  • -20%

    -10%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    Aug-01 Aug-04 Aug-07 Aug-10 Aug-13 Aug-16

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential16

    Annual change in dwelling values Brisbane home

    values have fallen

    by -05% over the

    past three months

    and are +4.4%

    higher over the past

    year. Over the past

    five years, Brisbane

    home values have

    increased by a total

    of +12.2%

    Brisbane

    Combined

    capitals

    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.aui/indices

    Source: CoreLogic

    http://www.corelogic.com.aui/indices

  • -20%

    -10%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    Aug-01 Aug-04 Aug-07 Aug-10 Aug-13 Aug-16

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential17

    Annual change in dwelling values Adelaide home

    values have fallen

    by -0.8% over the

    past three months

    and are +3.1%

    higher over the past

    year. Values have

    increased by just

    +7.0% over the past

    five years.

    Adelaide

    Combined

    capitals

    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.aui/indices

    Source: CoreLogic

    http://www.corelogic.com.aui/indices

  • -20%

    -10%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    Aug-01 Aug-04 Aug-07 Aug-10 Aug-13 Aug-16

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential18

    Annual change in dwelling values Perth home values

    have fallen by -1.5%

    over the past three

    months and are

    -4.2% lower over the

    past year. Values

    have fallen by -8.1%

    from their peak in

    December 2014.

    Perth

    Combined

    capitals

    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.aui/indices

    Source: CoreLogic

    http://www.corelogic.com.aui/indices

  • -20%

    -10%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    Aug-01 Aug-04 Aug-07 Aug-10 Aug-13 Aug-16

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential19

    Annual change in dwelling values Hobart home values

    have increased by

    +2.0% over the past

    three months and

    are +6.5% higher

    over the past year.

    Values have

    increased by just

    +14.1% over the past

    10 years.

    Hobart

    Combined

    capitals

    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.aui/indices

    Source: CoreLogic

    http://www.corelogic.com.aui/indices

  • -20%

    -10%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    Aug-01 Aug-04 Aug-07 Aug-10 Aug-13 Aug-16

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential20

    Annual change in dwelling values Darwin home values

    have fallen by -3.9%

    over the past three

    months and are

    -4.2% lower over the

    past year. Values

    are currently -9.1%

    lower than their

    recent peak in May

    2014.

    Darwin

    Combined

    capitals

    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.aui/indices

    Source: CoreLogic

    http://www.corelogic.com.aui/indices

  • -20%

    -10%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    Aug-01 Aug-04 Aug-07 Aug-10 Aug-13 Aug-16

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential21

    Annual change in dwelling values Canberra home

    values have

    increased by +1.0%

    over the past three

    months and are

    +7.6% higher over

    the past year.

    Values have

    increased by just

    +12.6% over the past

    five years.

    Canberra

    Combined

    capitals

    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.aui/indices

    Source: CoreLogic

    http://www.corelogic.com.aui/indices

  • Macroeconomic and demographic indicators

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential22

  • 0

    20,000

    40,000

    60,000

    80,000

    100,000

    Dec-85 Dec-95 Dec-05 Dec-15

    20,000

    25,000

    30,000

    35,000

    40,000

    45,000

    50,000

    Dec-85 Dec-95 Dec-05 Dec-15

    020,00040,00060,00080,000

    100,000120,000140,000

    Dec-85 Dec-90 Dec-95 Dec-00 Dec-05 Dec-10 Dec-15

    1.4%

    1.8%

    1.2%

    0.8%

    1.3%

    0.4%

    0.4%

    1.4%

    1.4%

    0.0% 0.5% 1.0% 1.5% 2.0%

    NSW

    VIC

    QLD

    SA

    WA

    TAS

    NT

    ACT

    AUST

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential23

    Housing demand: population growth has

    continued to slow due to fewer overseas migrantsQuarterly change in national population

    Net overseas migration Natural increase Annual change in population

    Source: CoreLogic, ABS

  • 0.0%

    20.0%

    40.0%

    60.0%

    80.0%

    100.0%

    Jul-96 Jul-00 Jul-04 Jul-08 Jul-12 Jul-16

    Houses Townhouses Low-rise units High-rise units

    0

    5,000

    10,000

    15,000

    Jul-86 Jul-91 Jul-96 Jul-01 Jul-06 Jul-11 Jul-16

    Houses Units

    8,000

    10,000

    12,000

    14,000

    16,000

    18,000

    20,000

    22,000

    Jul-86 Jul-91 Jul-96 Jul-01 Jul-06 Jul-11 Jul-16

    Total dwelling approvals Total dwelling approvals (6 month rolling avg)

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential24

    Housing supply: approvals rebounded

    substantially in July

    Monthly number of dwelling approvals, national

    National dwelling approvals, houses v units Monthly % of total dwelling approvals

    Source: CoreLogic, ABS

  • 0

    20,000

    40,000

    60,000

    80,000

    100,000

    120,000

    Jul-86 Jul-91 Jul-96 Jul-01 Jul-06 Jul-11 Jul-16

    Total quarterly dwelling approvals Quarterly change in population growth

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential25

    Housing supply: the gap between housing

    demand and supply continues to narrow

    Quarterly dwellings approved for construction v quarterly change in population, national

    Source: CoreLogic, ABS

  • -40.0%

    -30.0%

    -20.0%

    -10.0%

    0.0%

    10.0%

    20.0%

    30.0%

    40.0%

    Aug-98 Aug-01 Aug-04 Aug-07 Aug-10 Aug-13 Aug-16

    Consumer sentiment Capital city home values0

    5,000

    10,000

    15,000

    20,000

    25,000

    30,000

    0

    20

    40

    60

    80

    100

    120

    140

    Aug-96 Aug-00 Aug-04 Aug-08 Aug-12 Aug-16

    Consumer Sentiment (LHS)

    Sales vols (Syd, Mel and Bris) (RHS)

    60

    80

    100

    120

    140

    Aug-91 Aug-96 Aug-01 Aug-06 Aug-11 Aug-16

    Consumer Sentiment Index Six month rolling average

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential26

    Consumer sentiment remained close to a neutral

    setting in August

    Consumer sentiment index

    Annual change in consumer

    sentiment v dwelling values

    Consumer sentiment

    v dwelling sales

    Source: CoreLogic, Westpac-Melbourne Institute

  • 60.0

    61.0

    62.0

    63.0

    64.0

    65.0

    66.0

    67.0

    Jul-01 Jul-04 Jul-07 Jul-10 Jul-13 Jul-16

    %

    3.0

    4.0

    5.0

    6.0

    7.0

    8.0

    Jul-01 Jul-04 Jul-07 Jul-10 Jul-13 Jul-16

    %

    -4.0%

    -2.0%

    0.0%

    2.0%

    4.0%

    6.0%

    8.0%

    10.0%

    Jul-96 Jul-98 Jul-00 Jul-02 Jul-04 Jul-06 Jul-08 Jul-10 Jul-12 Jul-14 Jul-16

    Full-time employment Part-time employment

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential27

    Labour force: unemployment rate fell back to

    5.7% in July

    Annual change in employment, full time v part time

    National unemployment rate National participation rate

    Source: CoreLogic, ABS

  • 0.0%

    10.0%

    20.0%

    30.0%

    Jun-96 Jun-00 Jun-04 Jun-08 Jun-12 Jun-16

    0.0%

    5.0%

    10.0%

    15.0%

    Aug-92 Aug-96 Aug-00 Aug-04 Aug-08 Aug-12 Aug-16

    Standard variable mortgage rates Cash rate 3 year fixed rate

    © 2016 CoreLogic, Inc. ■ Proprietary & Confidential28

    Mortgage rates: Official interest rates were cut in

    August to a record low 1.5%

    Mortgage rates and cash rate over time

    % of owner occupier loan commitments

    on fixed rate

    ASX cash rate futures implied yield

    curve

    Source: CoreLogic, ABS, RBA

  • © 2016 CoreLogic, Inc. ■ Proprietary & Confidential29

    About Us

    CoreLogic Australia is a wholly owned subsidiary of CoreLogic (NYSE: CLGX), which is the largest property data and analytics

    company in the world. CoreLogic provides property information, analytics and services across Australia, New Zealand and Asia,

    and recently expanded its service offering through the purchase of project activity and building cost information provider Cordell.

    With 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 20,000 customers and 150,000 end users, CoreLogic is the leading provider of property data, analytics and related

    services to consumers, investors, real estate, mortgage, finance, banking, building services, insurance, developers, wealth

    management and government. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory

    and geo spatial services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and

    mitigate risk. CoreLogic employs over 650 people across Australia and in New Zealand. For more information call 1300 734 318 or

    visit www.corelogic.com.au

    CoreLogic 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

  • © 2016 CoreLogic, Inc. ■ Proprietary & Confidential30

    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.

  • © 2016 CoreLogic, Inc. ■ Proprietary & Confidential31

    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

  • © 2016 CoreLogic, Inc. ■ Proprietary & Confidential32

    Better data

    + Better analytics

    = Better decisions