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Core Logic housingmarket report updates - June 2020

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Niraj Singh

This monthly chart pack from CoreLogic provides an overview of the Australian residential real estate market as of June 2020. Some key points: - Residential real estate makes up the largest component of Australia's wealth at $7.2 trillion, significantly more than superannuation or listed stocks. - National dwelling values saw a small 0.6% increase in the past quarter but declined month-over-month for the first time since June 2019. Sydney and Melbourne values fell the most. - Annual growth rates remain positive but are understating the recent slowdown. Momentum was improving before the onset of COVID-19. - Settled sales rebounded in May after a large decline in

Economy & Finance
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Insights on Real Estate • Market Research Reports
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Monthly Chart Pack Our Insights. Your Story. June 2020
218 July 2019© CoreLogic, Inc. All Rights Reserved. Residential Real Estate Underpins Australia’s Wealth Data as at June 2020 RESIDENTIAL REAL ESTATE $7.2 Trillion AUSTRALIAN SUPERANNUATION $2.7 Trillion AUSTRALIAN LISTED STOCKS $2.0 Trillion COMMERCIAL REAL ESTATE $1.0 Trillion Source: CoreLogic, APRA, RBA, ABS, ASX 10.4 million Number of dwellings $1.83 trillion Outstanding mortgage debt 52.4% Household wealth held in housing 423,007 Total sales p.a. $279.6 billion Gross value of sales p.a. © 2020 CoreLogic, Inc. All Rights Reserved.
318 July 2019© CoreLogic, Inc. All Rights Reserved. Quarterly growth in national dwelling values slipped to just 0.6% in the 3 months to May, as dwelling prices saw the first month-on- month decline since June 2019 Quarterly change in dwelling values Quarterly change – May-20 Source: CoreLogic© 2020 CoreLogic, Inc. All Rights Reserved. -4% -2% 0% 2% 4% 6% 8% May 10 May 12 May 14 May 16 May 18 May 20 Combined Capitals Combined Rest of State 1.1% -0.8% 0.8% 1.1% 0.1% 0.5% 2.1% 1.2% 0.8% 1.7% 1.1% 1.8% 0.2% 3.0% -2.1% 0.5% 1.1% 0.6% Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Regional NSW Regional Vic Regional Qld Regional SA Regional WA Regional Tas Regional NT Combined capitals Combined regionals Australia
418 July 2019© CoreLogic, Inc. All Rights Reserved. Annual growth rates understate the recent slowdown in momentum, but point to an improving market before the onset of COVID-19 Annual change in dwelling values Annual change – May-20 Source: CoreLogic© 2020 CoreLogic, Inc. All Rights Reserved. -10% 0% 10% 20% 30% May 10 May 12 May 14 May 16 May 18 May 20 Combined Capitals Combined Rest of State 14.3% 11.7% 4.3% 1.8% -2.1% 6.2% -2.6% 5.1% 3.3% 4.3% 4.6% 2.8% -6.5% 9.5% 2.2% 9.7% 3.5% 8.3% Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Regional NSW Regional Vic Regional Qld Regional SA Regional WA Regional Tas Regional NT Combined capitals Combined regionals Australia
518 July 2019© CoreLogic, Inc. All Rights Reserved. Month-on-month results over May show that declines in Sydney and Melbourne market were led by the upper quartile of values Source: CoreLogic© 2020 CoreLogic, Inc. All Rights Reserved. Monthly dwelling value growth by quartile, Greater Capital City Regions – May 2020 0.1% -0.4% -0.6% -0.3% -0.6% -1.3% -0.3% 0.0% -0.1% 0.5% 0.3% 0.5% -0.6% -0.7% -0.4% 0.5% 0.9% 0.8% -2.2% -1.6% -1.3% 0.4% 0.6% 0.5% 25th 50th 75th 25th 50th 75th 25th 50th 75th 25th 50th 75th 25th 50th 75th 25th 50th 75th 25th 50th 75th 25th 50th 75th SYD MELB BRIS ADL PER HOB DAR ACT
618 July 2019© CoreLogic, Inc. All Rights Reserved. The annual uplift in dwelling market values at May 2020 was high across Sydney, Melbourne, Hobart and the ACT Source: CoreLogic Annual change in dwelling values © 2020 CoreLogic, Inc. All Rights Reserved. 14.3% 11.7% 4.3% 1.8% -15% -10% -5% 0% 5% 10% 15% 20% 25% May 10 May 12 May 14 May 16 May 18 May 20 Sydney Melbourne Brisbane Adelaide -2.1% 6.2% -2.7% 5.1% -15% -10% -5% 0% 5% 10% 15% 20% 25% May 10 May 12 May 14 May 16 May 18 May 20 Perth Hobart Darwin Australian Capital Territory
718 July 2019© CoreLogic, Inc. All Rights Reserved. The CoreLogic daily home value index showed a change of pace halfway through March. Data to June 4th shows the combined capital cities declined by half a percent in the past 28 days Rolling 28-day change in daily home value index, combined capitals Source: CoreLogic© 2020 CoreLogic, Inc. All Rights Reserved. -0.5% -0.8% -0.6% -0.4% -0.2% 0.0% 0.2% 0.4% 0.6% 0.8% 1.0% 1.2% 1.4% 13-Feb 12-Mar 09-Apr 07-May 04-Jun
818 July 2019© CoreLogic, Inc. All Rights Reserved.© 2020 CoreLogic, Inc. All Rights Reserved. Quarterly and annual change in dwelling values - Sydney © 2020 CoreLogic, Inc. All Rights Reserved. Source: CoreLogic  Sydney dwelling values fell by -0.4% in May  Dwelling values increased 1.1% in the quarter  Sydney dwelling values are up by 14.3% in the past year  Sydney dwelling values are -2.7% below the record high, which was in July 2017 -15% -10% -5% 0% 5% 10% 15% 20% 25% May 15 May 16 May 17 May 18 May 19 May 20 Quarterly Change Annual Change
918 July 2019© CoreLogic, Inc. All Rights Reserved.© 2020 CoreLogic, Inc. All Rights Reserved. Quarterly and annual change in dwelling values - Melbourne © 2020 CoreLogic, Inc. All Rights Reserved. Source: CoreLogic  Melbourne dwelling values fell by -0.9% in May  Dwelling values fell -0.8% in the quarter  Melbourne dwelling values are up by 11.7% in the past year  Melbourne dwelling values are -1.2% from the record high, which was in March 2020 -20% -15% -10% -5% 0% 5% 10% 15% 20% May 15 May 16 May 17 May 18 May 19 May 20 Quarterly Change Annual Change
1018 July 2019© CoreLogic, Inc. All Rights Reserved.© 2020 CoreLogic, Inc. All Rights Reserved. Quarterly and annual change in dwelling values - Brisbane © 2020 CoreLogic, Inc. All Rights Reserved. Source: CoreLogic  Brisbane dwelling values fell by -0.1% in May  Dwelling values increased 0.8% in the quarter  Brisbane dwelling values are up by 4.3% in the past year  Brisbane dwelling values are -0.1% below the record high, which was in April 2020 -10% -8% -6% -4% -2% 0% 2% 4% 6% 8% 10% May 15 May 16 May 17 May 18 May 19 May 20 Quarterly Change Annual Change
1118 July 2019© CoreLogic, Inc. All Rights Reserved.© 2020 CoreLogic, Inc. All Rights Reserved. Quarterly and annual change in dwelling values - Adelaide © 2020 CoreLogic, Inc. All Rights Reserved. Source: CoreLogic  Adelaide dwelling values increased 0.4% in May  Dwelling values increased 1.1% in the quarter  Adelaide dwelling values were up by 1.8% in the past year  Adelaide dwelling values are currently at a record high -8% -6% -4% -2% 0% 2% 4% 6% 8% May 15 May 16 May 17 May 18 May 19 May 20 Quarterly Change Annual Change
1218 July 2019© CoreLogic, Inc. All Rights Reserved.© 2020 CoreLogic, Inc. All Rights Reserved. Quarterly and annual change in dwelling values - Perth © 2020 CoreLogic, Inc. All Rights Reserved. Source: CoreLogic  Perth dwelling values were down -0.6% in May  Dwelling values increased 0.1% in the quarter  Perth dwelling values are down by -2.1% in the past year  Perth dwelling values are now -20.9% below the record high, which was in June 2014 -10% -8% -6% -4% -2% 0% 2% 4% 6% 8% 10% May 15 May 16 May 17 May 18 May 19 May 20 Quarterly Change Annual Change
1318 July 2019© CoreLogic, Inc. All Rights Reserved.© 2020 CoreLogic, Inc. All Rights Reserved. Quarterly and annual change in dwelling values - Hobart © 2020 CoreLogic, Inc. All Rights Reserved. Source: CoreLogic  Hobart dwelling values increased 0.8% in May  Dwelling values increased 0.5% in the quarter  Hobart dwelling values are up by 6.2% in the past year  Hobart dwelling values are currently at a record high -10% -5% 0% 5% 10% 15% 20% May 15 May 16 May 17 May 18 May 19 May 20 Quarterly Change Annual Change
1418 July 2019© CoreLogic, Inc. All Rights Reserved.© 2020 CoreLogic, Inc. All Rights Reserved. Quarterly and annual change in dwelling values - Darwin © 2020 CoreLogic, Inc. All Rights Reserved. Source: CoreLogic  Darwin dwelling values fell by -1.6% in May  Dwelling values increased 2.1% in the quarter  Darwin dwelling values are down by -2.6% in the past year  Darwin dwelling values are -31.3% below the record high, which was in May 2014 -20% -15% -10% -5% 0% 5% 10% 15% 20% Apr 15 Apr 16 Apr 17 Apr 18 Apr 19 Apr 20 Quarterly Change Annual Change
1518 July 2019© CoreLogic, Inc. All Rights Reserved.© 2020 CoreLogic, Inc. All Rights Reserved. Quarterly and annual change in dwelling values - ACT © 2020 CoreLogic, Inc. All Rights Reserved. Source: CoreLogic  ACT dwelling values increased 0.5% in May  Dwelling values were up 1.2% in the quarter  ACT dwelling values were up by 5.1% in the past year  The ACT dwelling market is currently at a record high -10% -5% 0% 5% 10% 15% Apr 15 Apr 16 Apr 17 Apr 18 Apr 19 Apr 20 Quarterly Change Annual Change
1618 July 2019© CoreLogic, Inc. All Rights Reserved. CoreLogic estimates that settled sales bounced back remarkably over May, increasing 18.5% over the month after a revised -32.6% fall in April. Source: CoreLogic Decade average © 2020 CoreLogic, Inc. All Rights Reserved. Monthly sales with six month moving average, National Annual change in settled sales Note: recent monthsare modelledestimates,and are thereforesubjectto revision 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 May-10 May-11 May-12 May-13 May-14 May-15 May-16 May-17 May-18 May-19 May-20 24.6% 12.5% 6.3% -2.6% 6.6% -5.3% 1.8% 17.3% 4.2% 1.6% 8.6% 5.9% 6.8% 0.8% -14.2% 12.4% 5.1% 9.6% Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Regional NSW Regional VIC Regional QLD Regional SA Regional WA Regional TAS Regional NT Combined capitals Combined regionals National
1718 July 2019© CoreLogic, Inc. All Rights Reserved. Source: CoreLogic, Westpac/Melbourne Institute© 2020 CoreLogic, Inc. All Rights Reserved. Note: recent monthsof sales volumes are modelledestimates,and are subject to revision Housing market activity is closely aligned with consumer sentiment. Although consumer confidence readings remain well below average, spirits showed a strong lift in May. 0 10,000 20,000 30,000 40,000 50,000 60,000 0 20 40 60 80 100 120 140 May 90 May 95 May 00 May 05 May 10 May 15 May 20 Volumeofdwellingsales Consumersentimentindex Consumer sentiment v Volume of dwellings sales Volume of sales (RHS)Consumersentiment index (LHS)
1818 July 2019© CoreLogic, Inc. All Rights Reserved. Annual growth in rents recovered slightly in the year to May. However, rent values are still -0.2% lower than the recent peak in March 2020. Annual change in rental rates - National Annual change in rental rates Source: CoreLogic© 2020 CoreLogic, Inc. All Rights Reserved. 0.9% -2% 0% 2% 4% 6% 8% May 08 May 10 May 12 May 14 May 16 May 18 May 20 -0.5% 0.7% 0.9% 2.2% 1.8% 1.2% -1.3% 0.4% 2.2% 2.3% 1.6% 1.7% 4.5% 3.1% -2.9% 0.5% 2.2% 0.9% Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Regional NSW Regional VIC Regional QLD Regional SA Regional WA Regional TAS Regional NT Combined capitals Combined regionals National
1918 July 2019© CoreLogic, Inc. All Rights Reserved. Between a mild recovery in rents and dwelling value falls, national rent yields increased 3 basis points over May. This also breaks a continued trend of record low yields across Sydney Gross rental yields - National Gross rental yields as at May-20 Source: CoreLogic© 2020 CoreLogic, Inc. All Rights Reserved. 3.75% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% May 10 May 12 May 14 May 16 May 18 May 20 3.0% 3.2% 4.4% 4.4% 4.3% 4.9% 5.8% 4.7% 4.6% 4.5% 5.2% 5.6% 6.1% 5.1% 6.9% 3.5% 4.9% 3.8% Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Regional NSW Regional VIC Regional QLD Regional SA Regional WA Regional TAS Regional NT Combined capitals Combined regionals National
2018 July 2019© CoreLogic, Inc. All Rights Reserved. Days on market has increased in the 3 months to May across the capital cities, which may be a function of weaker market conditions amid COVID-19 Median days on market Median days on market May 2019 v May 2020 Source: CoreLogic© 2020 CoreLogic, Inc. All Rights Reserved. These charts show the median days on market over 3 month rolling periods. 32 51 0 10 20 30 40 50 60 70 80 90 100 May 15 May 16 May 17 May 18 May 19 May 20 Combined capitals Combined regionals 51 43 47 48 58 17 65 49 70 49 58 96 79 44 72 48 62 52 28 28 37 42 40 22 53 36 52 40 53 86 75 42 91 32 51 37 Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin ACT Regional NSW Regional VIC Regional QLD Regional SA Regional WA Regional TAS Regional NT Combined capitals Combined regionals National May-20 May-19
2118 July 2019© CoreLogic, Inc. All Rights Reserved. Vendor discounting across the capitals also deepened in the 3 months to May, reflecting value falls over the month Median vendor discount Median vendor discount May 2019 v May 2020 Source: CoreLogic© 2020 CoreLogic, Inc. All Rights Reserved. These charts show median vendor discounting over 3 month rolling periods. -3.9% -4.5% -7.0% -6.0% -5.0% -4.0% -3.0% -2.0% -1.0% 0.0% May 15 May 16 May 17 May 18 May 19 May 20 Combined capitals Combined regionals -6.8% -6.7% -5.0% -5.2% -6.9% -4.1% -6.8% -3.1% -5.5% -5.0% -5.8% -6.1% -8.2% -4.5% -4.8% -6.1% -5.6% -5.9% -3.4% -3.6% -4.2% -4.3% -5.2% -2.7% -6.4% -1.8% -4.3% -4.1% -4.8% -5.8% -7.5% -3.7% -3.7% -3.9% -4.5% -4.3% Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin ACT Regional NSW Regional VIC Regional QLD Regional SA Regional WA Regional TAS Regional NT Combined capitals Combined regionals National May-20 May-19
2218 July 2019© CoreLogic, Inc. All Rights Reserved. At the 28 days ending 31st of May, new listings had trended up from the beginning of the month New Listings, rolling 28-day count, national Source: CoreLogic© 2020 CoreLogic, Inc. All Rights Reserved.
2318 July 2019© CoreLogic, Inc. All Rights Reserved. However, there has been strong absorption of new listings by buyers, meaning total listings have continued to trend down Total listings, rolling 28-day count, national Source: CoreLogic© 2020 CoreLogic, Inc. All Rights Reserved. 156,491 0 50,000 100,000 150,000 200,000 250,000 300,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 2017 2018 2019 2020 As at 31st May, 2020
2418 July 2019© CoreLogic, Inc. All Rights Reserved. The combined capital city markets have seen a year- on-year decline in total listings of 26.2%, while the combined regional areas are down 22.0% on the same time last year Source: CoreLogic. Data is a year-over-year comparison for the 28 days ending 31st of May -28.0% -23.0% -35.7% -5.2% -21.3% -30.2% -36.9% -34.0% -40.3% -38.9% -29.2% -37.6% -35.5% -33.4% -42.0% -28.9% -47.6% -48.5% National Combined Capital Cities Combined Regional Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Rest of NSW Rest of Vic Rest of Qld. Rest of SA Rest of WA Rest of Tas Rest of NT New listings, change from equivalent period last year -24.2% -26.2% -22.0% -22.7% -20.5% -27.4% -27.6% -35.4% -28.6% -26.8% -29.0% -25.3% -22.3% -21.6% -13.4% -17.8% -30.3% -15.9% National Combined Capital Cities Combined Regional Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Rest of NSW Rest of Vic Rest of Qld. Rest of SA Rest of WA Rest of Tas Rest of NT Total listings, change from equivalent period last year
2518 July 2019© CoreLogic, Inc. All Rights Reserved. Weekly clearance rates, combined capital cities Clearance rates have partially recovered as restrictions on on-site auctions have been lifted Source: CoreLogic© 2020 CoreLogic, Inc. All Rights Reserved. 61.3% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% May-15 May-16 May-17 May-18 May-19 May-20 ClearanceRate Auction clearance rate Auction clearance rate, 4 week average
2618 July 2019© CoreLogic, Inc. All Rights Reserved. Over May, fewer auctions were withdrawn and more vendors tested the market under normal auction conditions (rather than selling prior to the auction event) Source: CoreLogic© 2020 CoreLogic, Inc. All Rights Reserved. * As a % of all auction results * As a % of all ‘sold’ auction results Auction outcomes, combined capital cities 82.7% 37.2% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 31/05/2015 31/05/2016 31/05/2017 31/05/2018 31/05/2019 31/05/2020 % Sold Prior to Auction 11.8% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 31/05/2015 31/05/2016 31/05/2017 31/05/2018 31/05/2019 31/05/2020 % Withdrawn from auction
2718 July 2019© CoreLogic, Inc. All Rights Reserved. Monthly number of dwellings approved for construction, National (Seasonally adjusted data) Dwelling approvals, which are generally led by price signals, declined 1.8% in April in seasonally adjusted terms Source: CoreLogic, ABS© 2020 CoreLogic, Inc. All Rights Reserved. 5,435 5,069 2,336 1,201 853 306 3,809 5,356 2,443 1,350 1,032 306 New South Wales Victoria Queensland Western Australia South Australia Tasmania Monthly dwelling approvals by state, seasonally adjusted Mar-2020 Apr-2020 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 Apr 15 Apr 16 Apr 17 Apr 18 Apr 19 Apr 20 Houses Units
2818 July 2019© CoreLogic, Inc. All Rights Reserved. New home lending among investors fell -2.5% over March, as the portion of finance for investors continued to trend to a record low. Owner occupier lending rose 1.2% in March, which included a 2.5% lift in lending values to first home buyers. Source: CoreLogic, ABS© 2020 CoreLogic, Inc. All Rights Reserved. Monthly value of new finance commitments, total ($ billions) Portion of new lending for investment housing (excluding refinance) $14.3 $5.1 $3 $5 $7 $9 $11 $13 $15 $17 Mar04 Mar06 Mar08 Mar10 Mar12 Mar14 Mar16 Mar18 Mar20 Thousands Owner occupiers Investors 26.2% 36.6% 25% 30% 35% 40% 45% 50% Mar04 Mar06 Mar08 Mar10 Mar12 Mar14 Mar16 Mar18 Mar20
2918 July 2019© CoreLogic, Inc. All Rights Reserved. Over March, first home buyer participation as a portion of owner-occupiers was at its highest since January 2012 Source: CoreLogic, ABS© 2020 CoreLogic, Inc. All Rights Reserved. First home buyers as a portion of owner-occupier finance commitments (values) 29.3% 27.1% 32.6% 28.3% 23.0% 38.4% 26.7% 57.2% 30.4% Aust NSW Vic Qld SA WA Tas NT ACT March 2020 0% 10% 20% 30% 40% 50% 60% Mar 15 Mar 16 Mar 17 Mar 18 Mar 19 Mar 20 NSW Vic Qld SA WA Tas
3018 July 2019© CoreLogic, Inc. All Rights Reserved. Over March, investor participation declined in every state except South Australia, and the ACT Source: CoreLogic, ABS© 2020 CoreLogic, Inc. All Rights Reserved. Investors as a portion of total value of lending (excluding refinancing) 29.7% 15% 20% 25% 30% 35% 40% 45% 50% 55% 60% Mar10 Mar12 Mar14 Mar16 Mar18 Mar20 NSW 26.7% 15% 20% 25% 30% 35% 40% 45% 50% Mar10 Mar12 Mar14 Mar16 Mar18 Mar20 Vic 24.4% 15% 20% 25% 30% 35% 40% 45% 50% 55% 60% Mar10 Mar12 Mar14 Mar16 Mar18 Mar20 Qld 23.2% 15% 20% 25% 30% 35% 40% 45% 50% 55% 60% Mar10 Mar12 Mar14 Mar16 Mar18 Mar20 SA 16.6%15% 20% 25% 30% 35% 40% 45% 50% 55% 60% Mar10 Mar12 Mar14 Mar16 Mar18 Mar20 WA 26.2% 29.7% 26.7% 24.4% 23.2% 16.6% 23.7% 14.9% 24.0% Aust NSW Vic Qld SA WA Tas NT ACT March 2020
3118 July 2019© CoreLogic, Inc. All Rights Reserved. The cash rate target was held at the effective lower bound through June, with increases in the cash rate unlikely for years to come Source: CoreLogic, RBA© 2020 CoreLogic, Inc. All Rights Reserved. 7.25% 3.00% 4.75% 2.50% 1.50% 0.25% 0% 1% 2% 3% 4% 5% 6% 7% 8% Jun 00 Jun 05 Jun 10 Jun 15 Jun 20 RBA Cash Rate
3218 July 2019© CoreLogic, Inc. All Rights Reserved. Average fixed loan investor rates for new lending fell a remarkable 36 basis points from March to April Source: CoreLogic, RBA© 2020 CoreLogic, Inc. All Rights Reserved. Note: Data reported in the rate by product and borrower tables are based on the new RBA ‘Housing Lending Rates’ publication, based on Economic and Financial Statistics (EFS) collection. Data is based on typical rates of new lending. 2.99% 2.75% 3.47% 2.92% 3.36% 3.12% 3.49% 3.22% 2.95% 2.34% 3.41% 2.76% 3.32% 2.76% 3.37% 3.09% Variable Fixed (3 years or less) Interest-only Principal-and-interest Variable Fixed (3 years or less) Interest-only Principal-and-interest OwnerOccupierInvestor Average mortgage rate by product type Apr-20 Mar-20 2.81% 3.21% 2.5% 2.8% 3.1% 3.4% 3.7% 4.0% Sep 19 Oct 19 Nov 19 Dec 19 Jan 20 Feb 20 Mar 20 Apr 20 Investor premium based on monthly average of new loans Owner Occupiers Investors 40 basis points
3318 July 2019© CoreLogic, Inc. All Rights Reserved. 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 completenessand 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) 2020. 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 (2020) 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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Core Logic housingmarket report updates - June 2020

  • 1. Monthly Chart Pack Our Insights. Your Story. June 2020
  • 2. 218 July 2019© CoreLogic, Inc. All Rights Reserved. Residential Real Estate Underpins Australia’s Wealth Data as at June 2020 RESIDENTIAL REAL ESTATE $7.2 Trillion AUSTRALIAN SUPERANNUATION $2.7 Trillion AUSTRALIAN LISTED STOCKS $2.0 Trillion COMMERCIAL REAL ESTATE $1.0 Trillion Source: CoreLogic, APRA, RBA, ABS, ASX 10.4 million Number of dwellings $1.83 trillion Outstanding mortgage debt 52.4% Household wealth held in housing 423,007 Total sales p.a. $279.6 billion Gross value of sales p.a. © 2020 CoreLogic, Inc. All Rights Reserved.
  • 3. 318 July 2019© CoreLogic, Inc. All Rights Reserved. Quarterly growth in national dwelling values slipped to just 0.6% in the 3 months to May, as dwelling prices saw the first month-on- month decline since June 2019 Quarterly change in dwelling values Quarterly change – May-20 Source: CoreLogic© 2020 CoreLogic, Inc. All Rights Reserved. -4% -2% 0% 2% 4% 6% 8% May 10 May 12 May 14 May 16 May 18 May 20 Combined Capitals Combined Rest of State 1.1% -0.8% 0.8% 1.1% 0.1% 0.5% 2.1% 1.2% 0.8% 1.7% 1.1% 1.8% 0.2% 3.0% -2.1% 0.5% 1.1% 0.6% Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Regional NSW Regional Vic Regional Qld Regional SA Regional WA Regional Tas Regional NT Combined capitals Combined regionals Australia
  • 4. 418 July 2019© CoreLogic, Inc. All Rights Reserved. Annual growth rates understate the recent slowdown in momentum, but point to an improving market before the onset of COVID-19 Annual change in dwelling values Annual change – May-20 Source: CoreLogic© 2020 CoreLogic, Inc. All Rights Reserved. -10% 0% 10% 20% 30% May 10 May 12 May 14 May 16 May 18 May 20 Combined Capitals Combined Rest of State 14.3% 11.7% 4.3% 1.8% -2.1% 6.2% -2.6% 5.1% 3.3% 4.3% 4.6% 2.8% -6.5% 9.5% 2.2% 9.7% 3.5% 8.3% Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Regional NSW Regional Vic Regional Qld Regional SA Regional WA Regional Tas Regional NT Combined capitals Combined regionals Australia
  • 5. 518 July 2019© CoreLogic, Inc. All Rights Reserved. Month-on-month results over May show that declines in Sydney and Melbourne market were led by the upper quartile of values Source: CoreLogic© 2020 CoreLogic, Inc. All Rights Reserved. Monthly dwelling value growth by quartile, Greater Capital City Regions – May 2020 0.1% -0.4% -0.6% -0.3% -0.6% -1.3% -0.3% 0.0% -0.1% 0.5% 0.3% 0.5% -0.6% -0.7% -0.4% 0.5% 0.9% 0.8% -2.2% -1.6% -1.3% 0.4% 0.6% 0.5% 25th 50th 75th 25th 50th 75th 25th 50th 75th 25th 50th 75th 25th 50th 75th 25th 50th 75th 25th 50th 75th 25th 50th 75th SYD MELB BRIS ADL PER HOB DAR ACT
  • 6. 618 July 2019© CoreLogic, Inc. All Rights Reserved. The annual uplift in dwelling market values at May 2020 was high across Sydney, Melbourne, Hobart and the ACT Source: CoreLogic Annual change in dwelling values © 2020 CoreLogic, Inc. All Rights Reserved. 14.3% 11.7% 4.3% 1.8% -15% -10% -5% 0% 5% 10% 15% 20% 25% May 10 May 12 May 14 May 16 May 18 May 20 Sydney Melbourne Brisbane Adelaide -2.1% 6.2% -2.7% 5.1% -15% -10% -5% 0% 5% 10% 15% 20% 25% May 10 May 12 May 14 May 16 May 18 May 20 Perth Hobart Darwin Australian Capital Territory
  • 7. 718 July 2019© CoreLogic, Inc. All Rights Reserved. The CoreLogic daily home value index showed a change of pace halfway through March. Data to June 4th shows the combined capital cities declined by half a percent in the past 28 days Rolling 28-day change in daily home value index, combined capitals Source: CoreLogic© 2020 CoreLogic, Inc. All Rights Reserved. -0.5% -0.8% -0.6% -0.4% -0.2% 0.0% 0.2% 0.4% 0.6% 0.8% 1.0% 1.2% 1.4% 13-Feb 12-Mar 09-Apr 07-May 04-Jun
  • 8. 818 July 2019© CoreLogic, Inc. All Rights Reserved.© 2020 CoreLogic, Inc. All Rights Reserved. Quarterly and annual change in dwelling values - Sydney © 2020 CoreLogic, Inc. All Rights Reserved. Source: CoreLogic  Sydney dwelling values fell by -0.4% in May  Dwelling values increased 1.1% in the quarter  Sydney dwelling values are up by 14.3% in the past year  Sydney dwelling values are -2.7% below the record high, which was in July 2017 -15% -10% -5% 0% 5% 10% 15% 20% 25% May 15 May 16 May 17 May 18 May 19 May 20 Quarterly Change Annual Change
  • 9. 918 July 2019© CoreLogic, Inc. All Rights Reserved.© 2020 CoreLogic, Inc. All Rights Reserved. Quarterly and annual change in dwelling values - Melbourne © 2020 CoreLogic, Inc. All Rights Reserved. Source: CoreLogic  Melbourne dwelling values fell by -0.9% in May  Dwelling values fell -0.8% in the quarter  Melbourne dwelling values are up by 11.7% in the past year  Melbourne dwelling values are -1.2% from the record high, which was in March 2020 -20% -15% -10% -5% 0% 5% 10% 15% 20% May 15 May 16 May 17 May 18 May 19 May 20 Quarterly Change Annual Change
  • 10. 1018 July 2019© CoreLogic, Inc. All Rights Reserved.© 2020 CoreLogic, Inc. All Rights Reserved. Quarterly and annual change in dwelling values - Brisbane © 2020 CoreLogic, Inc. All Rights Reserved. Source: CoreLogic  Brisbane dwelling values fell by -0.1% in May  Dwelling values increased 0.8% in the quarter  Brisbane dwelling values are up by 4.3% in the past year  Brisbane dwelling values are -0.1% below the record high, which was in April 2020 -10% -8% -6% -4% -2% 0% 2% 4% 6% 8% 10% May 15 May 16 May 17 May 18 May 19 May 20 Quarterly Change Annual Change
  • 11. 1118 July 2019© CoreLogic, Inc. All Rights Reserved.© 2020 CoreLogic, Inc. All Rights Reserved. Quarterly and annual change in dwelling values - Adelaide © 2020 CoreLogic, Inc. All Rights Reserved. Source: CoreLogic  Adelaide dwelling values increased 0.4% in May  Dwelling values increased 1.1% in the quarter  Adelaide dwelling values were up by 1.8% in the past year  Adelaide dwelling values are currently at a record high -8% -6% -4% -2% 0% 2% 4% 6% 8% May 15 May 16 May 17 May 18 May 19 May 20 Quarterly Change Annual Change
  • 12. 1218 July 2019© CoreLogic, Inc. All Rights Reserved.© 2020 CoreLogic, Inc. All Rights Reserved. Quarterly and annual change in dwelling values - Perth © 2020 CoreLogic, Inc. All Rights Reserved. Source: CoreLogic  Perth dwelling values were down -0.6% in May  Dwelling values increased 0.1% in the quarter  Perth dwelling values are down by -2.1% in the past year  Perth dwelling values are now -20.9% below the record high, which was in June 2014 -10% -8% -6% -4% -2% 0% 2% 4% 6% 8% 10% May 15 May 16 May 17 May 18 May 19 May 20 Quarterly Change Annual Change
  • 13. 1318 July 2019© CoreLogic, Inc. All Rights Reserved.© 2020 CoreLogic, Inc. All Rights Reserved. Quarterly and annual change in dwelling values - Hobart © 2020 CoreLogic, Inc. All Rights Reserved. Source: CoreLogic  Hobart dwelling values increased 0.8% in May  Dwelling values increased 0.5% in the quarter  Hobart dwelling values are up by 6.2% in the past year  Hobart dwelling values are currently at a record high -10% -5% 0% 5% 10% 15% 20% May 15 May 16 May 17 May 18 May 19 May 20 Quarterly Change Annual Change
  • 14. 1418 July 2019© CoreLogic, Inc. All Rights Reserved.© 2020 CoreLogic, Inc. All Rights Reserved. Quarterly and annual change in dwelling values - Darwin © 2020 CoreLogic, Inc. All Rights Reserved. Source: CoreLogic  Darwin dwelling values fell by -1.6% in May  Dwelling values increased 2.1% in the quarter  Darwin dwelling values are down by -2.6% in the past year  Darwin dwelling values are -31.3% below the record high, which was in May 2014 -20% -15% -10% -5% 0% 5% 10% 15% 20% Apr 15 Apr 16 Apr 17 Apr 18 Apr 19 Apr 20 Quarterly Change Annual Change
  • 15. 1518 July 2019© CoreLogic, Inc. All Rights Reserved.© 2020 CoreLogic, Inc. All Rights Reserved. Quarterly and annual change in dwelling values - ACT © 2020 CoreLogic, Inc. All Rights Reserved. Source: CoreLogic  ACT dwelling values increased 0.5% in May  Dwelling values were up 1.2% in the quarter  ACT dwelling values were up by 5.1% in the past year  The ACT dwelling market is currently at a record high -10% -5% 0% 5% 10% 15% Apr 15 Apr 16 Apr 17 Apr 18 Apr 19 Apr 20 Quarterly Change Annual Change
  • 16. 1618 July 2019© CoreLogic, Inc. All Rights Reserved. CoreLogic estimates that settled sales bounced back remarkably over May, increasing 18.5% over the month after a revised -32.6% fall in April. Source: CoreLogic Decade average © 2020 CoreLogic, Inc. All Rights Reserved. Monthly sales with six month moving average, National Annual change in settled sales Note: recent monthsare modelledestimates,and are thereforesubjectto revision 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 May-10 May-11 May-12 May-13 May-14 May-15 May-16 May-17 May-18 May-19 May-20 24.6% 12.5% 6.3% -2.6% 6.6% -5.3% 1.8% 17.3% 4.2% 1.6% 8.6% 5.9% 6.8% 0.8% -14.2% 12.4% 5.1% 9.6% Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Regional NSW Regional VIC Regional QLD Regional SA Regional WA Regional TAS Regional NT Combined capitals Combined regionals National
  • 17. 1718 July 2019© CoreLogic, Inc. All Rights Reserved. Source: CoreLogic, Westpac/Melbourne Institute© 2020 CoreLogic, Inc. All Rights Reserved. Note: recent monthsof sales volumes are modelledestimates,and are subject to revision Housing market activity is closely aligned with consumer sentiment. Although consumer confidence readings remain well below average, spirits showed a strong lift in May. 0 10,000 20,000 30,000 40,000 50,000 60,000 0 20 40 60 80 100 120 140 May 90 May 95 May 00 May 05 May 10 May 15 May 20 Volumeofdwellingsales Consumersentimentindex Consumer sentiment v Volume of dwellings sales Volume of sales (RHS)Consumersentiment index (LHS)
  • 18. 1818 July 2019© CoreLogic, Inc. All Rights Reserved. Annual growth in rents recovered slightly in the year to May. However, rent values are still -0.2% lower than the recent peak in March 2020. Annual change in rental rates - National Annual change in rental rates Source: CoreLogic© 2020 CoreLogic, Inc. All Rights Reserved. 0.9% -2% 0% 2% 4% 6% 8% May 08 May 10 May 12 May 14 May 16 May 18 May 20 -0.5% 0.7% 0.9% 2.2% 1.8% 1.2% -1.3% 0.4% 2.2% 2.3% 1.6% 1.7% 4.5% 3.1% -2.9% 0.5% 2.2% 0.9% Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Regional NSW Regional VIC Regional QLD Regional SA Regional WA Regional TAS Regional NT Combined capitals Combined regionals National
  • 19. 1918 July 2019© CoreLogic, Inc. All Rights Reserved. Between a mild recovery in rents and dwelling value falls, national rent yields increased 3 basis points over May. This also breaks a continued trend of record low yields across Sydney Gross rental yields - National Gross rental yields as at May-20 Source: CoreLogic© 2020 CoreLogic, Inc. All Rights Reserved. 3.75% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% May 10 May 12 May 14 May 16 May 18 May 20 3.0% 3.2% 4.4% 4.4% 4.3% 4.9% 5.8% 4.7% 4.6% 4.5% 5.2% 5.6% 6.1% 5.1% 6.9% 3.5% 4.9% 3.8% Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Regional NSW Regional VIC Regional QLD Regional SA Regional WA Regional TAS Regional NT Combined capitals Combined regionals National
  • 20. 2018 July 2019© CoreLogic, Inc. All Rights Reserved. Days on market has increased in the 3 months to May across the capital cities, which may be a function of weaker market conditions amid COVID-19 Median days on market Median days on market May 2019 v May 2020 Source: CoreLogic© 2020 CoreLogic, Inc. All Rights Reserved. These charts show the median days on market over 3 month rolling periods. 32 51 0 10 20 30 40 50 60 70 80 90 100 May 15 May 16 May 17 May 18 May 19 May 20 Combined capitals Combined regionals 51 43 47 48 58 17 65 49 70 49 58 96 79 44 72 48 62 52 28 28 37 42 40 22 53 36 52 40 53 86 75 42 91 32 51 37 Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin ACT Regional NSW Regional VIC Regional QLD Regional SA Regional WA Regional TAS Regional NT Combined capitals Combined regionals National May-20 May-19
  • 21. 2118 July 2019© CoreLogic, Inc. All Rights Reserved. Vendor discounting across the capitals also deepened in the 3 months to May, reflecting value falls over the month Median vendor discount Median vendor discount May 2019 v May 2020 Source: CoreLogic© 2020 CoreLogic, Inc. All Rights Reserved. These charts show median vendor discounting over 3 month rolling periods. -3.9% -4.5% -7.0% -6.0% -5.0% -4.0% -3.0% -2.0% -1.0% 0.0% May 15 May 16 May 17 May 18 May 19 May 20 Combined capitals Combined regionals -6.8% -6.7% -5.0% -5.2% -6.9% -4.1% -6.8% -3.1% -5.5% -5.0% -5.8% -6.1% -8.2% -4.5% -4.8% -6.1% -5.6% -5.9% -3.4% -3.6% -4.2% -4.3% -5.2% -2.7% -6.4% -1.8% -4.3% -4.1% -4.8% -5.8% -7.5% -3.7% -3.7% -3.9% -4.5% -4.3% Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin ACT Regional NSW Regional VIC Regional QLD Regional SA Regional WA Regional TAS Regional NT Combined capitals Combined regionals National May-20 May-19
  • 22. 2218 July 2019© CoreLogic, Inc. All Rights Reserved. At the 28 days ending 31st of May, new listings had trended up from the beginning of the month New Listings, rolling 28-day count, national Source: CoreLogic© 2020 CoreLogic, Inc. All Rights Reserved.
  • 23. 2318 July 2019© CoreLogic, Inc. All Rights Reserved. However, there has been strong absorption of new listings by buyers, meaning total listings have continued to trend down Total listings, rolling 28-day count, national Source: CoreLogic© 2020 CoreLogic, Inc. All Rights Reserved. 156,491 0 50,000 100,000 150,000 200,000 250,000 300,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 2017 2018 2019 2020 As at 31st May, 2020
  • 24. 2418 July 2019© CoreLogic, Inc. All Rights Reserved. The combined capital city markets have seen a year- on-year decline in total listings of 26.2%, while the combined regional areas are down 22.0% on the same time last year Source: CoreLogic. Data is a year-over-year comparison for the 28 days ending 31st of May -28.0% -23.0% -35.7% -5.2% -21.3% -30.2% -36.9% -34.0% -40.3% -38.9% -29.2% -37.6% -35.5% -33.4% -42.0% -28.9% -47.6% -48.5% National Combined Capital Cities Combined Regional Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Rest of NSW Rest of Vic Rest of Qld. Rest of SA Rest of WA Rest of Tas Rest of NT New listings, change from equivalent period last year -24.2% -26.2% -22.0% -22.7% -20.5% -27.4% -27.6% -35.4% -28.6% -26.8% -29.0% -25.3% -22.3% -21.6% -13.4% -17.8% -30.3% -15.9% National Combined Capital Cities Combined Regional Sydney Melbourne Brisbane Adelaide Perth Hobart Darwin Canberra Rest of NSW Rest of Vic Rest of Qld. Rest of SA Rest of WA Rest of Tas Rest of NT Total listings, change from equivalent period last year
  • 25. 2518 July 2019© CoreLogic, Inc. All Rights Reserved. Weekly clearance rates, combined capital cities Clearance rates have partially recovered as restrictions on on-site auctions have been lifted Source: CoreLogic© 2020 CoreLogic, Inc. All Rights Reserved. 61.3% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% May-15 May-16 May-17 May-18 May-19 May-20 ClearanceRate Auction clearance rate Auction clearance rate, 4 week average
  • 26. 2618 July 2019© CoreLogic, Inc. All Rights Reserved. Over May, fewer auctions were withdrawn and more vendors tested the market under normal auction conditions (rather than selling prior to the auction event) Source: CoreLogic© 2020 CoreLogic, Inc. All Rights Reserved. * As a % of all auction results * As a % of all ‘sold’ auction results Auction outcomes, combined capital cities 82.7% 37.2% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 31/05/2015 31/05/2016 31/05/2017 31/05/2018 31/05/2019 31/05/2020 % Sold Prior to Auction 11.8% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 31/05/2015 31/05/2016 31/05/2017 31/05/2018 31/05/2019 31/05/2020 % Withdrawn from auction
  • 27. 2718 July 2019© CoreLogic, Inc. All Rights Reserved. Monthly number of dwellings approved for construction, National (Seasonally adjusted data) Dwelling approvals, which are generally led by price signals, declined 1.8% in April in seasonally adjusted terms Source: CoreLogic, ABS© 2020 CoreLogic, Inc. All Rights Reserved. 5,435 5,069 2,336 1,201 853 306 3,809 5,356 2,443 1,350 1,032 306 New South Wales Victoria Queensland Western Australia South Australia Tasmania Monthly dwelling approvals by state, seasonally adjusted Mar-2020 Apr-2020 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 Apr 15 Apr 16 Apr 17 Apr 18 Apr 19 Apr 20 Houses Units
  • 28. 2818 July 2019© CoreLogic, Inc. All Rights Reserved. New home lending among investors fell -2.5% over March, as the portion of finance for investors continued to trend to a record low. Owner occupier lending rose 1.2% in March, which included a 2.5% lift in lending values to first home buyers. Source: CoreLogic, ABS© 2020 CoreLogic, Inc. All Rights Reserved. Monthly value of new finance commitments, total ($ billions) Portion of new lending for investment housing (excluding refinance) $14.3 $5.1 $3 $5 $7 $9 $11 $13 $15 $17 Mar04 Mar06 Mar08 Mar10 Mar12 Mar14 Mar16 Mar18 Mar20 Thousands Owner occupiers Investors 26.2% 36.6% 25% 30% 35% 40% 45% 50% Mar04 Mar06 Mar08 Mar10 Mar12 Mar14 Mar16 Mar18 Mar20
  • 29. 2918 July 2019© CoreLogic, Inc. All Rights Reserved. Over March, first home buyer participation as a portion of owner-occupiers was at its highest since January 2012 Source: CoreLogic, ABS© 2020 CoreLogic, Inc. All Rights Reserved. First home buyers as a portion of owner-occupier finance commitments (values) 29.3% 27.1% 32.6% 28.3% 23.0% 38.4% 26.7% 57.2% 30.4% Aust NSW Vic Qld SA WA Tas NT ACT March 2020 0% 10% 20% 30% 40% 50% 60% Mar 15 Mar 16 Mar 17 Mar 18 Mar 19 Mar 20 NSW Vic Qld SA WA Tas
  • 30. 3018 July 2019© CoreLogic, Inc. All Rights Reserved. Over March, investor participation declined in every state except South Australia, and the ACT Source: CoreLogic, ABS© 2020 CoreLogic, Inc. All Rights Reserved. Investors as a portion of total value of lending (excluding refinancing) 29.7% 15% 20% 25% 30% 35% 40% 45% 50% 55% 60% Mar10 Mar12 Mar14 Mar16 Mar18 Mar20 NSW 26.7% 15% 20% 25% 30% 35% 40% 45% 50% Mar10 Mar12 Mar14 Mar16 Mar18 Mar20 Vic 24.4% 15% 20% 25% 30% 35% 40% 45% 50% 55% 60% Mar10 Mar12 Mar14 Mar16 Mar18 Mar20 Qld 23.2% 15% 20% 25% 30% 35% 40% 45% 50% 55% 60% Mar10 Mar12 Mar14 Mar16 Mar18 Mar20 SA 16.6%15% 20% 25% 30% 35% 40% 45% 50% 55% 60% Mar10 Mar12 Mar14 Mar16 Mar18 Mar20 WA 26.2% 29.7% 26.7% 24.4% 23.2% 16.6% 23.7% 14.9% 24.0% Aust NSW Vic Qld SA WA Tas NT ACT March 2020
  • 31. 3118 July 2019© CoreLogic, Inc. All Rights Reserved. The cash rate target was held at the effective lower bound through June, with increases in the cash rate unlikely for years to come Source: CoreLogic, RBA© 2020 CoreLogic, Inc. All Rights Reserved. 7.25% 3.00% 4.75% 2.50% 1.50% 0.25% 0% 1% 2% 3% 4% 5% 6% 7% 8% Jun 00 Jun 05 Jun 10 Jun 15 Jun 20 RBA Cash Rate
  • 32. 3218 July 2019© CoreLogic, Inc. All Rights Reserved. Average fixed loan investor rates for new lending fell a remarkable 36 basis points from March to April Source: CoreLogic, RBA© 2020 CoreLogic, Inc. All Rights Reserved. Note: Data reported in the rate by product and borrower tables are based on the new RBA ‘Housing Lending Rates’ publication, based on Economic and Financial Statistics (EFS) collection. Data is based on typical rates of new lending. 2.99% 2.75% 3.47% 2.92% 3.36% 3.12% 3.49% 3.22% 2.95% 2.34% 3.41% 2.76% 3.32% 2.76% 3.37% 3.09% Variable Fixed (3 years or less) Interest-only Principal-and-interest Variable Fixed (3 years or less) Interest-only Principal-and-interest OwnerOccupierInvestor Average mortgage rate by product type Apr-20 Mar-20 2.81% 3.21% 2.5% 2.8% 3.1% 3.4% 3.7% 4.0% Sep 19 Oct 19 Nov 19 Dec 19 Jan 20 Feb 20 Mar 20 Apr 20 Investor premium based on monthly average of new loans Owner Occupiers Investors 40 basis points
  • 33. 3318 July 2019© CoreLogic, Inc. All Rights Reserved. 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 completenessand 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) 2020. 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 (2020) 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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