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EARLY MARKET INDICATORSState Level Reporting
Week Ending 28 June 2020
About this Report
The performance of the property market directly and indirectly impacts the livelihood and success ofhundreds of thousands of Australian individuals and businesses. Property remains the largest assetclass in Australia by market value.
With access to comprehensive, daily, wide-ranging data across all aspects of the property lifecycle,CoreLogic is uniquely placed to provide the clarity needed in times of uncertainty.
Our Early Market Indicators Report provides a series of real-time data points that indicate how themarket is traversing currently. We anticipate the Early Market Indicators Report may assist with a widerange of property market insights, which include personal and business operations, revenue flows,credit and financial risk, wealth being held or generated, and performance benchmarked against rest ofmarket.
The data in this new Early Market Indicator Report does not replace the regular reporting alreadyprovided by CoreLogic, but is designed to provide early, indicative and directional trends at times whenspeed of data delivery is critical.
Below is an outline of the data available in the Early Market Indicator report.
If you have any further questions or feedback, or for further information please contact your accountdirector or customer care at [email protected]
Pre-Listing Activity: the change in the number of CMA’s being generated on CoreLogic Platforms –rolling 7 days.
A Comparative Market Analysis (CMA) is a report generated by real estate agents to enhance theirconversations with potential customers who are looking at selling their property. CoreLogic is a marketleading source of CMA reports, used by real estate agencies across Australia. The volume of CMAreports generated is highly correlated with the number of new listings added to the market, with CMAreporting leading a new listing event by about two weeks.
Newly Advertised Properties – For Rent and For Sale: The change in the number of newresidential listings being advertised for sale or rent in the past 7 days. ‘New’ listings means the count is oflisting events that have not so far been seen in the current calendar year
This measure provides insight regarding the volume of new properties coming on to the market. Anincrease in new listings suggests an increasing supply of stock available, and higher seller or lessoractivity. A fall in new listings suggests less stock available, and less seller or lessor activity.Understanding this measure alongside other CoreLogic data such as number of sales, time on marketand vendor discounting rates provides further insight on the balance between property market supplyand demand.
Mortgage Activity Indicator: the change in the number of valuations being ordered on CoreLogicPlatforms – rolling 7 days
CoreLogic systems account for the large majority of mortgage related valuation activity across thefinancial sector, where industry participants use CoreLogic platforms to order and manage the propertyvaluations they need to support lending and other financial activity. The financial sector uses propertyvaluations for many purposes, including loan origination, for re-financing, new purchases, constructionand re-possession. Aggregating this data, CoreLogic is able to provide virtually a ‘real time’ view onmortgage related lending activity.
About this Report (cont.)
Valuation Type
From the same system producing the Mortgage Activity Indicator, this data is then calssified by valuationtype; what methodology has been used for the valuation. See additional definitions in the Glossary ofTerms at the end of this report regarding specific valuation types.
Loan Purpose
From the same system producing the Mortgage Activity Indicator, this data is then classified by loanpurpose; what is the intent of the loan (for example purchase, or refinance). Note that the informationrepresented here is lagged by 7 days from the date of the report to minimise fluctuations in the data.
Note: These early and high frequency indicators can show some volatility and comparisons over time can beimpacted by seasonal factors such as the change in timing of public holidays. We would urge some caution ininterpreting these indicators or extrapolating the weekly outcomes over a longer time frame. At times theunderlying historical data used for this report may be updated, which may results in movements to the statedvariances ("% Change") as compared to a previous Early Market Indicator Report.
Summary - as of 28/06/2020
Pre-Listing Activity (Rolling 7 Day)
Newly Advertised Properties - For Sale and For Rent (Rolling 7 Day)
Mortgage Activity (Rolling 7 Day)
© Copyright 2020. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) of theCoreLogic Data contained in this publication. All rights reserved.
0.59 %% CHANGE WoW
6.17 %% CHANGE SWLY
1.70 %% CHANGE WoW SALE
-3.66 %% CHANGE WoW RENT
0.77 %% CHANGE WoW
0.05 %% CHANGE SWLY
PeriodSelectionWeek
Pre-Listing Activity - National - as of 28/06/2020
Pre-Listing Activity (Rolling 7 Day) - 2020 vs 2019
Jan Feb Mar Apr May Jun Jul
% Change
WoW
0.59 %
SWLY
6.17 %
YTD YoY
-13.88 %
Pre-Listings Activity - State Summary
State Market Share % (Current Week) % Change WoW % Change SWLY % Change YTD YoY
NSW
VIC
QLD
WA
SA
TAS
ACT
NT
31.45 %
22.28 %
22.11 %
14.28 %
6.96 %
1.29 %
1.13 %
0.49 % -7.56 %
158.76 %
-3.37 %
-8.75 %
6.06 %
-1.87 %
-1.49 %
1.92 %
-12.00 %
617.14 %
-13.03 %
1.70 %
14.82 %
-9.65 %
7.83 %
14.44 %
-9.63 %
37.31 %
-17.84 %
-16.42 %
-19.14 %
-18.02 %
-10.32 %
-9.89 %
Pre-Listings Activity - State Market Share
Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020 Jul 2020
31.45 %
22.11 %
1.13 %
6.96 %
14.28 %
NT
ACT
TAS
SA
WA
QLD
VIC
NSW
© Copyright 2020. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) of theCoreLogic Data contained in this publication. All rights reserved.
PeriodSelectionWeek
Pre-Listing Activity by State - as of 28/06/2020
2020 vs 2019
Jan Feb Mar Apr May Jun Jul
ACT
Jan Feb Mar Apr May Jun Jul
NSW
Jan Feb Mar Apr May Jun Jul
NT
Jan Feb Mar Apr May Jun Jul
QLD
Jan Feb Mar Apr May Jun Jul
SA
Jan Feb Mar Apr May Jun Jul
TAS
Jan Feb Mar Apr May Jun Jul
VIC
Jan Feb Mar Apr May Jun Jul
WA
© Copyright 2020. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) of theCoreLogic Data contained in this publication. All rights reserved.
PeriodSelectionWeek
Listing - National - as of 28/06/2020
Newly Advertised Properties - SALE and RENT
Jan Feb Mar Apr May Jun Jul
% Change
SALE WoW
1.70 %
RENT WoW
-3.66 %
Newly Advertised Properties - Sale by State
State Market Share % (Current Week) Marketshare % Last Week Volume % Change WoW
QLD
VIC
NSW
WA
SA
TAS
ACT
NT
26.74 %
23.72 %
23.53 %
16.56 %
6.41 %
1.84 %
0.70 %
0.50 % 0.52 %
0.89 %
2.18 %
5.50 %
16.35 %
25.23 %
22.50 %
26.83 %
-1.70 %
-18.00 %
-13.12 %
16.95 %
2.84 %
-4.60 %
6.68 %
1.34 %
Newly Advertised Properties - Rent by State
State Market Share % (Current Week) Marketshare % Last Week Volume % Change WoW
NSW
VIC
QLD
WA
SA
NT
ACT
TAS
39.34 %
23.24 %
21.35 %
9.46 %
3.40 %
1.12 %
1.10 %
1.00 % 1.01 %
1.27 %
0.72 %
3.76 %
8.29 %
20.28 %
24.86 %
39.81 %
-4.81 %
-15.53 %
45.34 %
-11.97 %
8.64 %
0.97 %
-9.33 %
-4.69 %
© Copyright 2020. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) of theCoreLogic Data contained in this publication. All rights reserved.
PeriodSelectionWeek
Listings by State - as of 28/06/2020
Australian Capital Territory - SALE and RENT
Jan Feb Mar Apr May Jun Jul
% Change
SALE WoW
-18.00 %
RENT WoW
-15.53 %
New South Wales - SALE and RENT
Jan Feb Mar Apr May Jun Jul
% Change
SALE WoW
-4.60 %
RENT WoW
-4.69 %
Northern Territory - SALE and RENT
Jan Feb Mar Apr May Jun Jul
% Change
SALE WoW
-1.70 %
RENT WoW
45.34 %
© Copyright 2020. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) of theCoreLogic Data contained in this publication. All rights reserved.
PeriodSelectionWeek
Listings by State - as of 28/06/2020
Queensland - SALE and RENT
Jan Feb Mar Apr May Jun Jul
% Change
SALE WoW
1.34 %
RENT WoW
0.97 %
South Australia - SALE and RENT
Jan Feb Mar Apr May Jun Jul
% Change
SALE WoW
16.95 %
RENT WoW
-11.97 %
Tasmania - SALE and RENT
Jan Feb Mar Apr May Jun Jul
% Change
SALE WoW
-13.12 %
RENT WoW
-4.81 %
© Copyright 2020. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) of theCoreLogic Data contained in this publication. All rights reserved.
PeriodSelectionWeek
Listings by State - as of 28/06/2020
Victoria - SALE and RENT
Jan Feb Mar Apr May Jun Jul
% Change
SALE WoW
6.68 %
RENT WoW
-9.33 %
Western Australia - SALE and RENT
Jan Feb Mar Apr May Jun Jul
% Change
SALE WoW
2.84 %
RENT WoW
8.64 %
© Copyright 2020. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) of theCoreLogic Data contained in this publication. All rights reserved.
PeriodSelectionWeek
Mortgage Activity - National - as of 28/06/2020
Mortgage Activity
Jan Feb Mar Apr May Jun Jul
% Change
WoW
0.77 %
SWLY
0.05 %
YTD YoY
10.33 %
Valuation Type
% of Total % Change WoW % Change SWLY % Change YTD YoY
Resi Short Form
AVM
Kerbside
Desktop
Progress
Long Form
Contract of Sale
MIP
51.40 %
17.48 %
12.62 %
10.99 %
5.84 %
1.26 %
0.35 %
0.06 %
Non-Resi Commercial
Rural
Progress
Other
58.44%
39.00%
1.74%
0.82%
2.30 %
0.17 %
-3.52 %
-0.65 %
3.80 %
-1.83 %
15.24 %
72.00 %
-9.94 %
2.14 %
6.25 %
0.00 %
-13.19 %
-31.40 %
27.53 %
-3.03 %
-8.40 %
0.21 %
6.14 %
-31.75 %
-21.57 %
-12.61 %
-51.43 %
14.29 %
-31.72 %
-33.01 %
629.54 %
141.86 %
-66.36 %
10.69 %
13.25 %
-129.06 %
-151.73 %
-52.62 %
-166.18 %
11.99 %
Loan Purpose
% of Total % Change WoW % Change SWLY % Change YTD YoY
Refinance
Purchase
Construction
MIP
68.33%
23.19%
8.42%
0.06% -34.78 %
20.61 %
21.15 %
15.29 %
-67.39 %
20.47 %
14.83 %
14.72 %
-25.38 %
12.17 %
12.41 %
33.96 %
State/Region Summary by Mortgage Activity
Market Share % (Current Week) % Change WoW % Change SWLY % Change YTD YoY
VICNSWQLDWASAACTTASNT
29.29%28.79%21.01%9.91%6.62%2.06%1.88%0.44% -17.20 %
7.48 %-0.55 %2.82 %0.52 %-0.28 %1.41 %0.58 %
-17.20 %6.10 %18.60 %0.43 %3.10 %0.76 %-1.22 %-1.54 %
4.75 %-4.33 %18.22 %6.68 %5.84 %9.50 %11.19 %12.93 %
© Copyright 2020. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) of theCoreLogic Data contained in this publication. All rights reserved.
PeriodSelectionWeek
Mortgage Activity - ACT - as of 28/06/2020
Mortgage Activity
Jan Feb Mar Apr May Jun Jul
% Change
WoW
-0.55 %
SWLY
18.60 %
YTD YoY
18.22 %
Valuation Type
% of Total % Change WoW % Change SWLY % Change YTD YoY
Resi Short Form
AVM
Desktop
Kerbside
Progress
Long Form
Contract of Sale
48.54 %
23.30 %
13.18 %
9.99 %
3.74 %
0.97 %
0.28 %
Non-Resi Commercial 100.0%
1.30 %
-3.45 %
14.29 %
-10.00 %
-17.78 %
75.00 %
-33.33 %
-40.00 %
9.86 %
-26.64 %
31.76 %
75.61 %
-19.57 %
75.00 %
-60.00 %
50.00 %
4.86 %
2.33 %
6.26 %
133.50 %
-2.42 %
13.04 %
-27.59 %
-10.38 %
Loan Purpose
% of Total % Change WoW % Change SWLY % Change YTD YoY
Refinance
Purchase
Construction
MIP
74.27%
20.08%
5.65%
0.00%
52.63 %
21.18 %
20.95 %
61.11 %
1.98 %
37.05 %
-14.29 %
12.23 %
27.53 %
36.75 %
© Copyright 2020. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) of theCoreLogic Data contained in this publication. All rights reserved.
PeriodSelectionWeek
StateFilterACT
Mortgage Activity - NSW - as of 28/06/2020
Mortgage Activity
Jan Feb Mar Apr May Jun Jul
% Change
WoW
1.41 %
SWLY
-1.22 %
YTD YoY
11.19 %
Valuation Type
% of Total % Change WoW % Change SWLY % Change YTD YoY
Resi Short Form
AVM
Kerbside
Desktop
Progress
Long Form
Contract of Sale
MIP
50.93 %
18.68 %
12.14 %
11.08 %
4.71 %
1.95 %
0.49 %
0.02 %
Non-Resi Commercial
Rural
Progress
Other
55.06%
42.41%
1.58%
0.95%
1.05 %
3.49 %
-7.72 %
-0.40 %
14.81 %
-1.36 %
26.32 %
150.00 %
-6.45 %
12.61 %
66.67 %50.00 %
-14.38 %
-27.07 %
28.77 %
-5.83 %
-17.11 %
21.91 %
0.00 %
150.00 %
-18.69 %
-17.28 %
25.00 %-25.00 %
-2.21 %
-1.25 %
81.22 %
14.53 %
-15.16 %
10.75 %
5.14 %
-25.00 %
-15.07 %
-10.71 %
-19.54 %-24.19 %
Loan Purpose
% of Total % Change WoW % Change SWLY % Change YTD YoY
Refinance
Purchase
Construction
MIP
69.92%
24.11%
5.96%
0.01%
14.87 %
22.65 %
20.73 %
-87.50 %
25.84 %
7.78 %
18.58 %
-27.11 %
5.20 %
8.63 %
35.78 %
© Copyright 2020. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) of theCoreLogic Data contained in this publication. All rights reserved.
PeriodSelectionWeek
StateFilterNSW
Mortgage Activity - NT - as of 28/06/2020
Mortgage Activity
Jan Feb Mar Apr May Jun Jul
% Change
WoW
-17.20 %
SWLY
-17.20 %
YTD YoY
4.75 %
Valuation Type
% of Total % Change WoW % Change SWLY % Change YTD YoY
Resi Short Form
Kerbside
AVM
Desktop
Progress
64.19 %
14.86 %
12.84 %
6.08 %
2.03 %
Non-Resi Commercial
Rural
66.67%
33.33%
-0.91 %
-40.54 %
-13.64 %
-35.71 %
-30.00 %
0.00 %
-12.10 %
-15.38 %
-68.85 %
-43.75 %
-36.36 %
300.00 %
0.00 %
-5.78 %
51.79 %
-35.66 %
18.60 %
-10.29 %
-30.41 %
-48.57 %
Loan Purpose
% of Total % Change WoW % Change SWLY % Change YTD YoY
Refinance
Purchase
Construction
MIP
67.55%
28.48%
3.31%
0.66% -50.00 %
-44.44 %
115.00 %
24.39 %
0.00 %
0.00 %
126.32 %
47.83 %
25.58 %
35.71 %
23.44 %
25.74 %
© Copyright 2020. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) of theCoreLogic Data contained in this publication. All rights reserved.
PeriodSelectionWeek
StateFilterNT
Mortgage Activity - QLD - as of 28/06/2020
Mortgage Activity
Jan Feb Mar Apr May Jun Jul
% Change
WoW
-0.28 %
SWLY
0.76 %
YTD YoY
9.50 %
Valuation Type
% of Total % Change WoW % Change SWLY % Change YTD YoY
Resi Short Form
AVM
Kerbside
Desktop
Progress
Long Form
Contract of Sale
MIP
54.86 %
16.95 %
11.15 %
10.24 %
5.45 %
0.83 %
0.42 %
0.11 %
Non-Resi Commercial
Rural
Other
Progress
56.23%
41.13%
1.89%
0.75%
3.06 %
-7.84 %
-0.13 %
-6.14 %
1.15 %
14.55 %
57.89 %
44.44 %
9.56 %
10.10 %
-16.67 %100.00 %
-10.67 %
-38.89 %
23.99 %
-3.46 %
-8.20 %
6.78 %
7.14 %
-48.00 %
-20.32 %
14.74 %
150.00 %-33.33 %
-2.73 %
-9.29 %
59.49 %
17.57 %
-12.00 %
2.00 %
18.64 %
-27.27 %
-15.21 %
-0.33 %
165.96 %-29.85 %
Loan Purpose
% of Total % Change WoW % Change SWLY % Change YTD YoY
Refinance
Purchase
Construction
MIP
65.79%
23.72%
10.40%
0.09% -54.55 %
21.37 %
5.19 %
4.69 %
-77.27 %
12.92 %
14.69 %
9.64 %
-26.45 %
7.05 %
9.00 %
30.32 %
© Copyright 2020. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) of theCoreLogic Data contained in this publication. All rights reserved.
PeriodSelectionWeek
StateFilterQLD
Mortgage Activity - SA - as of 28/06/2020
Mortgage Activity
Jan Feb Mar Apr May Jun Jul
% Change
WoW
2.82 %
SWLY
0.43 %
YTD YoY
6.68 %
Valuation Type
% of Total % Change WoW % Change SWLY % Change YTD YoY
Resi Short Form
AVM
Desktop
Kerbside
Progress
Long Form
Contract of Sale
MIP
50.59 %
19.96 %
11.76 %
11.28 %
5.35 %
0.88 %
0.13 %
0.04 %
Non-Resi Rural
Commercial
Progress
53.70%
44.44%
1.85%
0.08 %
9.11 %
5.70 %
7.08 %
-6.67 %
17.65 %
-25.00 %
141.67 %
-22.58 %
-15.15 %
-20.45 %
-5.92 %
35.26 %
-11.58 %
-25.93 %
-25.00 %
-25.64 %
-25.00 %
-83.33 %
-7.90 %
-0.03 %
5.58 %
72.53 %
-0.90 %
-17.03 %
-10.00 %
-4.90 %
-28.78 %
-25.60 %
-49.23 %
Loan Purpose
% of Total % Change WoW % Change SWLY % Change YTD YoY
Refinance
Purchase
Construction
MIP
71.14%
21.53%
7.22%
0.12% 100.00 %
-1.64 %
23.88 %
15.30 %
0.00 %
15.38 %
31.62 %
9.54 %
-4.08 %
-2.94 %
9.21 %
28.08 %
© Copyright 2020. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) of theCoreLogic Data contained in this publication. All rights reserved.
PeriodSelectionWeek
StateFilterSA
Mortgage Activity - TAS - as of 28/06/2020
Mortgage Activity
Jan Feb Mar Apr May Jun Jul
% Change
WoW
7.48 %
SWLY
6.10 %
YTD YoY
-4.33 %
Valuation Type
% of Total % Change WoW % Change SWLY % Change YTD YoY
Resi Short Form
AVM
Kerbside
Desktop
Progress
Long Form
54.30 %
20.50 %
11.89 %
7.51 %
4.23 %
1.56 %
Non-Resi Rural
Commercial
59.09%
40.91%
5.28 %
25.96 %
7.04 %
-6.25 %
2.63 %
30.00 %
30.00 %
80.00 %
-10.54 %
-31.41 %
80.95 %
-1.64 %
-36.07 %
-7.14 %
116.67 %
-40.00 %
-14.39 %
-22.88 %
64.27 %
21.15 %
-6.89 %
6.35 %
18.06 %
-21.58 %
Loan Purpose
% of Total % Change WoW % Change SWLY % Change YTD YoY
Refinance
Purchase
Construction
MIP
66.17%
30.19%
3.64%
0.00%
-10.53 %
60.23 %
26.12 %
-15.00 %
60.23 %
22.13 %
-12.50 %
-6.11 %
11.16 %
26.91 %
© Copyright 2020. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) of theCoreLogic Data contained in this publication. All rights reserved.
PeriodSelectionWeek
StateFilterTAS
Mortgage Activity - VIC - as of 28/06/2020
Mortgage Activity
Jan Feb Mar Apr May Jun Jul
% Change
WoW
0.58 %
SWLY
-1.54 %
YTD YoY
12.93 %
Valuation Type
% of Total % Change WoW % Change SWLY % Change YTD YoY
Resi Short Form
AVM
Kerbside
Desktop
Progress
Long Form
Contract of Sale
MIP
47.81 %
17.34 %
13.70 %
11.57 %
8.08 %
1.13 %
0.35 %
0.02 %
Non-Resi Commercial
Rural
Progress
65.71%
31.02%
3.27%
2.23 %
1.69 %
-4.36 %
4.43 %
2.23 %
-11.56 %
-12.50 %
100.00 %
-15.26 %
-22.45 %
-27.27 %
-18.71 %
-25.17 %
19.05 %
-1.44 %
3.77 %
-22.16 %
34.62 %
-50.00 %
-28.76 %
-20.83 %
-61.90 %
-2.80 %
1.61 %
62.48 %
19.16 %
-0.73 %
-5.48 %
-1.62 %
-19.80 %
-23.87 %
-2.00 %
-35.63 %
Loan Purpose
% of Total % Change WoW % Change SWLY % Change YTD YoY
Refinance
Purchase
Construction
MIP
65.76%
23.38%
10.85%
0.01%
28.71 %
26.29 %
20.71 %
0.00 %
24.15 %
9.03 %
10.41 %
-18.56 %
23.41 %
17.71 %
38.61 %
© Copyright 2020. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) of theCoreLogic Data contained in this publication. All rights reserved.
PeriodSelectionWeek
StateFilterVIC
Mortgage Activity - WA - as of 28/06/2020
Mortgage Activity
Jan Feb Mar Apr May Jun Jul
% Change
WoW
0.52 %
SWLY
3.10 %
YTD YoY
5.84 %
Valuation Type
% of Total % Change WoW % Change SWLY % Change YTD YoY
Resi Short Form
Kerbside
AVM
Desktop
Progress
Long Form
MIP
Contract of Sale
56.06 %
15.31 %
12.36 %
10.50 %
4.55 %
0.90 %
0.23 %
0.09 %
Non-Resi Commercial
Rural
Progress
69.84%
28.57%
1.59%
5.15 %
2.94 %
-7.22 %
-8.47 %
5.67 %
-11.11 %
150.00 %
-40.00 %
-38.89 %
-48.57 %
-2.25 %
44.23 %
-49.94 %
-2.74 %
-21.46 %
0.00 %
-23.08 %
-57.14 %
-10.20 %
-50.00 %
-7.02 %
76.15 %
-15.11 %
14.44 %
-17.62 %
-5.55 %
-32.44 %
-31.73 %
-17.15 %
-12.83 %
-33.33 %
Loan Purpose
% of Total % Change WoW % Change SWLY % Change YTD YoY
Refinance
Purchase
Construction
MIP
73.68%
19.13%
7.00%
0.18% -44.44 %
20.50 %
30.54 %
7.59 %
-58.33 %
20.50 %
48.04 %
22.95 %
-32.29 %
15.26 %
15.96 %
29.28 %
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PeriodSelectionWeek
StateFilterWA
Glossary of Terms
LOAN PURPOSE
Refinance: Valuations related to refinancing. This is derived using data from CoreLogic's valuationplatforms (excl. AVMs, Progress, Non Resi valuations)
Purchases: valuations related to new purchases. This is derived using data from CoreLogic's valuationplatforms (excl. AVMs, Progress, Non Resi valuations)
Construction: A construction valuation requires an inspection of the subject property by a qualifiedvaluer, along with a review of relevant building documentation and construction plans, to determine themarket value of the property 'as if complete' at the date of valuation. (excl. AVMs, Progress, Non Resivaluations)
MIP: A Mortgagee In Possession valuation requires an internal and external inspection of the propertyby a qualified valuer to determine the current market value of the property for the mortgagee inpossession. This is completed on a long form report template, which has more detail than a short formreport. (excl. AVMs, Progress, Non Resi valuations)
% CHANGE
WoW: % change in volumes transacted for the current 7 day period vs. prior 7 day period
SWLY: % change in volumes transacted for the current 7 day period vs. same 7 day period in the prioryear
MoM: % change in volumes transacted for the current 28 day period vs. prior 28 day period
SMLY: % change in volumes transacted for the current 28 day period vs. same 28 days period in theprior year
YTD YoY: % change in volumes transacted for the current calendar year through to current week vs. thesame period in the prior calendar year
VALUATION TYPE CATEGORY
Resi: Residential Valuations
Non-Resi: Commercial/Rural Valuations
VALUATION TYPE
Short Form: A short form valuation, also known as a PropertyPRO report, requires an internal andexternal inspection of the property by a qualified valuer to determine the current market value of theproperty.
AVM: An Automated Valuation Model (AVM) is a computer-generated modelled estimate of the marketvalue of a given residential property at a point in time. The estimate is generated using a combination ofmodelling approaches, which use information regarding the particular property and surroundingproperty market at the time of estimation. It does not involve an internal inspection of the property anddoes not require input from a valuer.
Kerbside: A Kerbside assessment requires an external sighting of the property from the street by aqualified valuer to provide an assessed value range. It does not involve an internal inspection of theproperty.
Glossary of Terms (cont.)
Desktop: A desktop assessment is undertaken remotely by a qualified valuer, based on available data toprovide an assessed value for the property. It does not involve an external or internal inspection of theproperty.
Progress: A progress inspection is an inspection of a property under construction to release fundsbased on the progress stage of construction and the original construction valuation.
Long Form: Long Form valuations are usually completed when the valuation of the subject property isbeyond the scope of a Short Form valuation (e.g. complexity or above a set value cap).
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