Contents

Benchmark April18

Contents The following guide will help you understand the data provided in this report. What is a median price? A median sale price is the middle sale price of all transactions recorded during the 12 month period. Note that sale prices lower than $10,000 and higher than $80,000,000 are excluded from the analysis. How is the growth percentage calculated? The data in this report calculates growth through the Change in Median Price (12 months). This data point identifies the difference between the median sale prices in the current period (last 12 months) compared to the same period 12 months ago. The result is expressed as a percentage. What is the Total Number of Sales? The total number of all property transactions recorded over the past year within the geography. What is the Total Value of Sales? The total value of all property transactions recorded over the past year within the geography. The median selling price seems to be quite volatile, why might this be the case? A small sample size – often an issue in rural sales - can lead to volatile price movements. CoreLogic calculates the median price over a 12 month period where there have been at least 10 sales to help minimise this issue however, small sample sizes will often lead to volatile price movements. The median selling price in this report is different to what I have seen elsewhere. Why? Differences in data occur due to different reporting periods, geographic definitions, filtering rules and depth of data. In many cases, this can occur when calculating the median price over different time periods. Does the analysis include ‘off the plan’ sales or sales that have not yet settled? Only settled sales are included in this report and if a property cannot be matched to the CoreLogic property database it will not be included in this data. The data I am interested in has NA or is blank. Why? Where the number of transactions is very low (less than 10 transactions for the period), the data is regarded as too volatile and therefore may not be included. What differentiates a residential property from an agricultural property? For the purposes of this report residential properties are under 4 Ha in size. Properties over 4 Ha are classed as agricultural properties. Price Trends Key: Total Sales Median Price Yearly Change on median price Agricultural Overview 2 New South Wales 5 Victoria 8 Queensland 12 South Australia 16 Western Australia 20 Tasmania 23 Northern Territory 26 Appendix 28 Disclaimers 44 Ours is a name you can trust Landmark Harcourts is the only company dedicated exclusively to servicing the real estate needs of regional and rural Australia. We are a joint venture between two of Australasia’s leading brands. Landmark has been part of rural Australia for 170 years. A leading agribusiness company, we offer merchandise, fertiliser, farm services, wool, livestock, finance, insurance and real estate. Today, we’re Australia’s largest distributor of merchandise and fertiliser, with 2000 employees servicing 100,000 clients in our national network of around 400 locations. Harcourts has been at the forefront of real estate since 1888. Now operating through over 10,000 team members across 10 countries including Australia, New Zealand, South Africa, USA, China, Hong Kong, Indonesia, Canada, Fiji and UAE. Harcourts continue to provide an exceptional property experience to customers and outstanding career opportunities to real estate professionals. CoreLogic is a wholly owned subsidiary of CoreLogic (NYSE: CLGX),which is the largest data and analytics company in the world. We provide property information, analytics and services across Australia and New Zealand and growing partnerships throughout Asia. With Australia’s most comprehensive property databases, CoreLogic’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 making us the leading provider of property data, analytics with over 11,000 customers and 120,000 end users.


Benchmark April18
To see the actual publication please follow the link above