Residex Market Report Aug 10

RESIDEX MARKET WRAP

Table 1 Market Performance to 31st August 2010

Houses
Area Median Value Growth Rent Sales Predictions
10 Years % p.a. Year Ending Dec 2010 Last Qtr Last Month Rate Month Ending Aug 2010 Amount Month Ending Aug 2010 Year Change Year Ending Aug 2010 Year Ending Aug 2009 Year Change 5 Year %pa
ACT $533,500 11.10% 10.51% 3.29% 0.17% 4.50% $460 9.52% 4986 4717 5.70% 1.28%
Adelaide $408,000 10.44% 6.57% 0.94% -0.15% 4.09% $320 3.23% 21476 19834 8.28% 2.03%
SA Country $261,500 9.93% 6.73% 0.12% -0.36% 4.79% $240 4.35% 7855 7130 10.17% 2.15%
Brisbane $463,500 11.51% 1.71% -0.93% -0.26% 4.28% $380 5.56% 40680 38079 6.83% 2.00%
QLD Country $381,000 10.25% -0.50% -0.78% -1.04% 4.93% $360 2.86% 38557 36069 6.90% 2.15%
Darwin $522,500 11.55% 8.18% 2.25% 1.64% 5.40% $540 12.50% 1576 2072 -23.94% -3.97%
Northern Territory $481,500 11.20% 8.51% 0.48% -0.06% 5.64% $520 13.04% 2215 2793 -20.69% -4.54%
Hobart $382,500 12.34% 8.21% 2.47% 0.17% 4.64% $340 9.68% 2183 2272 -3.92% 8.22%
TAS Country $274,500 11.57% 2.87% 2.82% 2.42% 4.75% $250 8.70% 4089 4444 -7.99% 8.39%
Melbourne $593,500 10.73% 16.50% 1.98% 0.33% 3.30% $375 4.17% 47153 39658 18.90% 2.93%
VIC Country $317,500 10.04% 12.20% 2.62% 1.37% 4.76% $290 11.54% 43938 38057 15.45% 2.13%
Perth $494,000 11.72% 4.24% 1.00% 0.77% 3.91% $370 2.78% 26258 25580 2.65% -1.42%
WA Country $350,000 10.70% -6.17% -2.16% 2.06% 4.77% $320 10.34% 6131 5982 2.49% -1.23%
Sydney $658,500 6.80% 9.90% 0.15% -1.45% 3.96% $500 2.04% 43768 41542 5.36% 6.89%
NSW Country $342,500 8.07% 6.26% 1.58% 1.88% 4.88% $320 6.67% 44148 43724 0.97% 4.69%
Australia $444,500 10.13% 8.78% 1.76% 0.13% 4.23% $360 2.86% 333437 309881 7.60% 3.37%
Units
Area Median Value Growth Rent Sales Predictions
10 Years % p.a. Year Ending Dec 2010 Last Qtr Last Month Rate Month Ending Aug 2010 Amount Month Ending Aug 2010 Year Change Year Ending Aug 2010 Year Ending Aug 2009 Year Change 5 Year %pa
ACT $420,500 11.08% 9.29% 1.24% -0.55% 5.09% $410 5.13% 3120 2815 10.83% -0.52%
Adelaide $310,000 11.45% 1.77% -1.68% -0.34% 4.55% $270 3.85% 5291 5223 1.30% 1.30%
SA Country $226,500 8.36% 5.48% 0.14% 0.13% 4.37% $190 -13.64% 623 572 8.92% 1.25%
Brisbane $368,000 10.31% 3.07% -0.26% 0.87% 4.96% $350 2.94% 14840 12744 16.45% -1.37%
QLD Country $342,000 9.92% 1.50% -1.22% -1.29% 4.73% $310 0.00% 16524 15183 8.83% -0.29%
Darwin $422,500 11.68% 13.40% 2.05% -0.74% 5.44% $440 4.76% 1050 1402 -25.11% -6.03%
Northern Territory $405,500 11.47% 13.52% 2.62% -1.11% 5.27% $410 2.50% 1322 1743 -24.15% -6.59%
Hobart $284,000 13.02% 7.41% 0.69% 0.69% 4.78% $260 0.00% 708 817 -13.34% 8.00%
TAS Country $225,000 12.18% 10.13% 3.66% 2.83% 4.64% $200 8.11% 528 653 -19.14% 7.03%
Melbourne $451,500 10.11% 15.44% 1.40% -1.03% 4.05% $350 0.00% 31474 27676 13.72% 3.54%
VIC Country $250,500 9.83% 11.67% 1.96% -0.69% 4.79% $230 9.52% 7735 6449 19.94% 1.45%
Perth $410,000 11.20% 6.47% 1.77% -0.77% 4.46% $350 0.00% 6575 6098 7.82% -1.87%
WA Country $323,500 8.59% 1.54% 2.45% 1.38% 4.51% $280 0.00% 638 524 21.76% -0.79%
Sydney $468,000 6.24% 10.44% 1.89% -1.16% 4.90% $440 4.76% 45747 44347 3.16% 4.40%
NSW Country $304,000 8.15% 7.88% 0.60% 0.34% 4.64% $270 5.88% 12768 11783 8.36% 1.21%
Australia $399,500 8.33% 9.65% 1.97% -0.54% 4.64% $355 1.43% 147893 136627 8.25% 2.40%

The results provided above are not subject to any future revision. Residex has developed technology which allows it to release statistics on the performance of the markets with proven high levels of accuracy with lower levels of data than is required for hedonic and stratified median results. This means Residex is able to release accurate results earlier than any other party in the market. The Residex method is unique and while it is based on a repeat sales technology it is not the usual method and therefore avoids the inherent problems in generally accepted hedonic, repeat sales and stratified median methods.

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