CoreLogic RP Data Property Market Indicator Summary All data to week ending 8 May 2016

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1 Sydney and Melbourne the only auction markets to record a preliminary clearance rate above 70 per cent Of the 2,182 capital city auctions held this week, 1,680 results have been reported so far with a preliminary clearance rate of 65.7 per cent. This week s preliminary clearance rate is lower than last week s final results which showed 69.4 per cent of the 2,675 capital city auctions cleared. In terms of auction volumes, in each capital city, excluding Brisbane and Perth, auction volumes are lower this week than they were last week, while all cities excluding Sydney and Brisbane saw a week-on-week fall in clearance rates. Over the corresponding week last year auction activity was stronger with 2,426 auctions held and a 78.2 per cent success rate. City auction statistics (preliminary) Clearance rate Total auctions CoreLogic RP Data auction results Cleared Uncleared auctions auctions Clearance Total rate auctions (last year) (last year) Sydney 72.6% % 955 Melbourne 71.2% 1, ,072 Brisbane 43.9% % 176 Adelaide 59.7% % 92 Perth % 42 Tasmania n.a % 11 Canberra 54.5% % 78 Weighted Average 67.5% 2,182 1,680 1, % 2,426 Weekly clearance rate, Melbourne Weekly clearance rate, Sydney Weekly clearance rate, Brisbane Weekly clearance rate, Adelaide Weekly clearance rate, combined capital cities Sydney sub-regions Clearance rate Total auctions CoreLogic RP Data auction results Central Coast Baulkham Hills and Hawkesbury 58.8% Blacktown City and Inner South 79.2% Eastern Suburbs 89.1% Inner South West 72.7% Inner West 74.5% North Sydney and Hornsby 81.5% Northern Beaches Outer South West n.a. 7 4 Outer West and Blue Mountains n.a. 7 4 Parramatta Ryde 85.7% South West 46.2% Sutherland Melbourne sub-regions Inner 68.9% Inner East Inner South North East 74.8% North West 77.1% Outer East 72.7% South East 66.3% West 76.3% Mornington Peninsula 86.4% Regional auction results Hunter 62.5% Wollongong 57.1% Gold Coast 38.2% Sunshine Coast Geelong 81.8% The above results are preliminary, with final auction clearance rates published each Thursday. CoreLogic RP Data, on average, collects between 85% and 9 of auction results each week. Clearance rates are calculated across properties that have been taken to auction over the past week.

2 $502,500 $435,000 $360,000 $485,000 $385,500 $311,750 $419,000 $295,000 $612,500 $525,000 $482,500 $425,500 $637,000 $560,000 $680,000 $833,750 CoreLogic RP Data Property Market Indicator Summary home value s Weekly Monthly Yr to date Sydney 2.1% 3.5% 6.6% 10.9% Melbourne 1.2% 2.8% 4.3% 11.1% Brisbane 0.2% 2.2% 2.5% 6.4% Adelaide -0.5% 1.4% 4.6% 5. Perth -1.4% -0.6% % Combined 5 capitals 1.1% 2.6% 4.4% 8.5% *Brisbane results are for the combined Brisbane and Gold Coast region. The monthly is the over the past 28 days. Daily home value index, 5 capital city aggregate Daily Index Value May 13 Nov 13 May 14 Nov 14 May 15 Nov 15 May 16 Results are based on the CoreLogic RP Data Daily Home Value Index. Further information and daily updates on the index results are available from properties listed for sale No of new listings (%) No of total listings (%) Sydney 6, % 20, % Melbourne 8, % 29, % Brisbane 4, , % Adelaide 2, % 8, % Perth 3, , % Hobart % 2, % Darwin % 1, Canberra % 1, % Combined capitals 26, % 106, % Number of homes for sale, combined capital cities 160, ,000 Total listings New listings 120, ,000 80,000 60,000 40,000 20,000 0 May 09 These results are calculated across properties that have been advertised for sale over the past 28 days. A new listing is one which has not been advertised for sale over the past 6 months, total listings include new listings and properties which have been previously advertised. private treaty median prices house and unit prices Number of Sales HOUSES price Number of Sales UNITS price Sydney 2,746 $833,750 1,559 $680,000 Melbourne 3,375 $612,500 1,298 $485,000 Brisbane 1,459 $502, $385,500 Adelaide 837 $435, $311,750 Perth 924 $525, $419,000 Hobart 175 $360, $295,000 Darwin 30 $637, $482,500 Canberra 262 $560, $425,500 Combined Capitals 9,808 $628,858 3,684 $543,819 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 Houses Units Private treaty sales represent around 85% of all dwelling sales across the country. The statistics are calculated across houses and units sold over the most recent four week period. Records without a valid sale price have been excluded from the analysis. 2

3 34 days 32 days 32 days 37 days 35 days -8.3% -7.2% % 63 days 57 days 50 days 67 days 60 days 54 days 65 days % -5.8% -6.1% 76 days -5.2% -4.9% -4.4% -4.2% -4.6% -4.9% 86 days 96 days -4.1% -3.8% 117 days CoreLogic RP Data Property Market Indicator Summary median time on market and average vendor discounting results TOM HOUSES Avg Vendor Disc. TOM UNITS Avg Vendor Disc. Sydney 34 days days -4.4% Melbourne 32 days -4.2% 37 days -4.6% Brisbane 63 days -5.5% 67 days -5.2% Adelaide 57 days -5.8% 60 days -6.1% Perth 76 days -7.2% 86 days -7. Hobart 50 days -7.1% 54 days -4.9% Darwin 96 days -4.9% 117 days -8.3% Canberra 35 days -4.1% 65 days -3.8% time on market 130 days 120 days 110 days 100 days 90 days 80 days 70 days 60 days 50 days 40 days 30 days 20 days 10 days days Houses Units Average vendor discounting -1% -2% -3% -4% -5% -6% -7% -8% -9% Houses Units Time on market (TOM) is simply the middle number of days between when a property is first listed for sale and the contract date. The rate of vendor discounting is the average percentage difference between the original listing price and the final selling price. The statistics are calculated across results received by CoreLogic RP Data over the past week and include properties transacted over the past four weeks. The data is based on private treaty sales only and records without a valid sale price have been excluded from the vendor discount analysis. The analysis also excludes results where there are less than 10 observations. Mortgage market activity Region Index value (trend) National % 10.5% NSW % 12.5% QLD % 7.8% SA % 9.2% TAS % VIC % 11.2% WA % CoreLogic RP Data Mortgage Index Mortgage Index Mortgage Index (rolling three month trend) ABS Owner Occupier housing finance commitments (monthly) May 12 Nov 12 May 13 Nov 13 May 14 Nov 14 May 15 Nov 15 May 16 CoreLogic RP Data systems monitor more than 100,000 mortgage activity events every month across our 4 main finance industry platforms. Monitoring the activity events across this platform provides a unique and timely lead indicator to housing finance commitments. The index shows an 81% correlation with the ABS housing finance data series (88% using the seasonally adjusted series). Based on the strong correlation and significant number of events being monitored, the Mortgage Index provides the most timely and holistic measure of mortgage market activity available. Listing market activity Region Index value (seas adj) National % 1.9% NSW % 3.5% QLD % 0.1% SA % -0.8% TAS % -1.2% VIC % 4.5% WA % -1. CoreLogic RP Data Listing Index Listing Index 50 May 12 Nov 12 May 13 Nov 13 May 14 Nov 14 May 15 Nov 15 May 16 The CoreLogic RP Data Listings Index provides a lead indicator for the number of residential dwellings that are being prepared for sale across the Australian housing market. CoreLogic RP Data customers account for over 7 of all listings in the Australian property market. The index, which tracks the flow of metadata across CoreLogic RP Data s real estate data platform, shows a 75% correlation with the number of new listings about to enter the market. 3

4 Top ten sales over the past week 9 Lower Fort Street, 8 bed, 5 bath house $6,100,000 6 Sherwin Street, Henley, NSW 4 bed, 2 bath, 1 car house $4,550,000 Ray White Hunters Hill 24 Wentworth Street, Dover Heights, NSW 5 bed, 3 bath, 2 car house $4,400,000 Raine & Horne Double Bay 155 Prince Edward Street, Malabar, NSW 5 bed, 2 bath, 3 car house $4,385,000 LJ Hooker Maroubra 69 Radnor Street, Camberwell, Vic 5 bed, 4 bath, 2 car house $4,250,000 Melbourne Deluxe Property Canterbury 3 Myee Avenue, Strathfield, NSW 6 bed, 5 bath, 2 car house $4,100,000 Strathfield Partners Strathfield 13 Lower Fort Street, 5 bed, 2 bath house $4,000, Carrington Avenue, Strathfield, NSW 4 bed, 3 bath, 2 car house $3,910,000 Strathfield Partners Strathfield 35 Lower Fort Street, 6 bed, 2 bath house $3,600, Vincent Street, Glen Iris, Vic 4 bed, 2 bath, 2 car house $3,500,000 Kay & Burton South Yarra 4

5 About CoreLogic RP Data 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 or visit Disclaimers In compiling this publication, RP Data Pty Ltd trading as CoreLogic has relied upon information supplied by a number of external sources. CoreLogic does not warrant its accuracy or completeness and to the full extent allowed by law excludes liability in contract, tort or otherwise, for any loss or damage sustained by subscribers, or by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the information in this publication through any cause whatsoever and limits any liability it may have to the amount paid to CoreLogic for the supply of such information. Queensland Data Based on or contains data provided by the State of Queensland (Department of Natural Resources and Mines) 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 (2016) 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 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 5