Cordell Building Indices - April 2017

APRIL 2017

Cordell Building Indices Cordell Housing Index Price (CHIPS)

www.corelogic.com.au/cordell

Contents Introduction to the Cordell Building Indices

3

Key Components

3

Cordell Housing Index Price

4

Calculating Cost Movements with CHIP

5

NSW CHIP vs NSW CPI

6

VIC CHIP vs VIC CPI

9

QLD CHIP vs QLD CPI

12

SA CHIP vs SA CPI

15

WA CHIP vs WA CPI

18

National CHIP vs National CPI

21

2 | Cordell Housing Index Prices April 2017

Introduction to Cordell Building Indices The Cordell Building Indices (CBI) are a series of construction industry index figures that are used to monitor the movement in costs associated with building work within particular segments of the industry.

The CBI indicate the rate of change in prices within particular segments of the Australian construction industry.

The changes in prices are measured daily through the use of detailed cost surveys, and are reported on a quarterly basis. This ensures the most current and comprehensive industry information available.

Each index is based on a combination of labour, material, plant hire and subcontract services required to construct buildings within the particular segment being measured.

The CBI measure the change in the cost of constructing buildings, and as such do not provide the actual costs.

Key Components The indices are based on a comprehensive collection of labour, material, plant hire and subcontract costs covering all major trade categories within the segment being measured.

Each of the trade categories contains labour, material and plant hire costs combined in typical proportions required to construct the various types of buildings commonly found within each segment.

Cordell Housing Index Prices April 2017 | 3

Cordell Housing Price Index The Cordell Housing Index Price (CHIP) measures the rate of change of construction costs within the residential market and covers freestanding and semi-detached single and two storey dwelling homes.

The key categories within the CHIP index include: Preliminaries

Excavation and Concrete Work

Brickwork

Carpentry and Joinery

Roofing Insulation and Roof Plumbing

Windows and Glazing

Doors and Hardware

Plastering

Painting and Tiling

Plumbing and Drainage

Electrical Services

Sundry Appliances

CHIP Trade Breakup

%

12 %

10

Preliminaries

7%

Brickwork

3%

%

9

Roofing Insulation and Roof Plumbing Doors and Hardware Painting and Tiling

%

10 %

Electrical Services and Sundry Appliances

3%

22

Excavation and Concrete Work

8

%

3

%

13 %

4 | Cordell Housing Index Prices April 2017

Carpentry and Joinery Windows and Glazing Plastering Plumbing and Drainage

Calculating Cost Movements with CHIP The CBI are important indicators of cost trends within the construction industry. Movements in the index represent changes from the base index of 100, assigned to the March 1990 quarter. Hence an index point of 114 represents a 14% increase since the base date. Calculating a movement between 2 dates involves following the calculation formula below.

1.

Deduct the index of the first date from the index of the second date:

March 2005

=

September 2004

=

169.4

- 162.7 / 6.7

2. Multiply the difference by 100, then divide by the index of the first date:

=

6.7 x 100 / 162.7

= 4.1% 3. This therefore represents a 4.1% increase in costs over the specified period.

Cordell Connect • Data and insights about construction and developments in your area. • Contact details of Key Players. • Use to connect with developers and be the first to win the listing.

Call: 1800 941 141 marketing@cordell.com.au www.cordell.com.au

Cordell Housing Index Prices April 2017 | 5

-2.0

6 | Cordell Housing Index Prices April 2017

Quarters

Mar-17

Mar-16

Mar-15

Mar-14

Mar-13

Mar-12

Mar-11

Mar-10

Mar-09

Mar-08

Mar-07

Mar-06

Mar-05

Mar-04

Mar-03

Mar-02

Mar-01

Mar-00

Mar-99

Mar-98

Mar-97

Mar-96

Mar-17

Mar-16

Mar-15

Mar-14

Mar-13

Mar-12

Mar-11

Mar-10

Mar-09

Mar-08

Mar-07

Mar-06

Mar-05

Mar-04

Mar-03

Mar-02

Mar-01

Mar-00

Mar-99

Mar-98

Mar-97

Mar-96

Mar-95

Mar-94

Mar-93

Mar-92

Mar-91

Index CHIP NSW

Mar-95

CHIP NSW

Mar-94

Mar-93

Mar-92

Mar-90

90.0

Mar-91

Mar-90

% Change

New South Wales

CHIP/CPI

CPI NSW

270.0

250.0

230.0

210.0

190.0

170.0

150.0

130.0

110.0

Quarters

% COST CHANGE - NSW

CPI NSW

12.0

10.0

8.0

6.0

4.0

2.0

0.0

NSW CHIP & Consumer Price Index (CPI) figures

Year

Months

1990

Mar

1991

1992

1993

1994

1995

1996

1997

NSW CHIP

NSW CPI

Year

Months

NSW CHIP

NSW CPI

% Chg.

Index

% Chg.

0

100.0

1998

Mar

% Chg.

Index

% Chg.

Index

-0.1

117.1

0.5

120.7

Jun

2.2

102.2

1.6

Sep

2.0

104.2

0.6

102.5 103.1

Jun

1.7

119.1

0.6

121.4

Sep

2.0

121.4

0.4

121.9

Dec

0.8

105.0

2.3

105.5

Mar

1.0

106.0

0.2

105.7

Dec

0.0

121.4

0.4

122.4

Mar

0.8

122.4

0.2

122.6

Jun

0.9

107.0

-0.3

105.4

Jun

0.1

122.6

0.3

123.0

Sep

0.5

107.5

Dec

0.2

107.7

0.6

106.0

Sep

2.6

125.8

0.9

124.1

1.0

107.1

Dec

0.0

125.8

0.5

124.7

Mar

0.0

Jun

0.0

107.7

-0.1

107.0

Mar

1.7

127.9

0.9

125.8

107.7

-0.5

106.5

Jun

0.1

128.1

1.0

127.0

Sep Dec

0.3

108.0

0.4

106.9

Sep

10.4

141.5

3.6

131.6

0.0

108.0

0.5

107.4

Dec

-0.1

141.3

0.5

132.2

Mar

0.0

108.0

0.7

108.2

Mar

-0.8

140.1

1.4

134.0

Jun

0.0

108.0

0.2

108.4

Jun

0.5

140.8

0.7

135.0

Sep

1.1

109.2

0.3

108.7

Sep

0.6

141.6

0.3

135.4

Dec

0.0

109.2

0.1

108.8

Dec

0.2

142.0

0.9

136.6

Mar

0.2

109.4

0.3

109.1

Mar

0.1

142.1

1.0

137.9

Jun

0.0

109.4

0.8

110.0

Jun

1.6

144.5

0.7

138.8

Sep

0.6

110.0

0.9

111.0

Sep

0.7

145.5

0.6

139.6

Dec

-0.2

109.9

0.7

111.8

Dec

1.6

147.8

0.6

140.4

Mar

2.4

112.5

1.7

113.7

Mar

1.1

149.5

1.2

142.1

Jun

-0.4

112.0

1.5

115.4

Jun

1.3

151.5

0.1

142.2

Sep

0.4

112.5

1.6

117.3

Sep

1.1

153.2

0.1

142.4

Dec

1.0

113.7

0.9

118.3

Dec

1.2

155.0

0.8

143.6

Mar

-0.7

112.9

0.7

119.1

Mar

1.0

156.5

1.0

145.0

Jun

0.1

113.0

0.7

119.9

Jun

2.5

160.4

0.3

145.5

Sep

0.1

113.2

0.3

120.2

Sep

1.5

162.7

0.5

146.2

Dec

0.4

113.7

0.2

120.4

Dec

2.6

166.9

0.8

147.3

Mar

1.6

115.6

0.2

120.6

Mar

1.5

169.4

0.6

148.2

Jun

0.3

115.9

-0.3

120.2

Jun

1.5

171.9

0.5

149.0

Sep

0.6

116.6

-0.3

119.8

Sep

0.2

172.2

1.0

150.5

Dec

0.6

117.2

0.3

120.1

Dec

0.9

173.7

0.3

151.0

Index 100.9

1999

2000

2001

2002

2003

2004

2005

Cordell Housing Index Prices April 2017 | 7

NSW CHIP & Consumer Price Index (CPI) figures continued

Year

Months

2006

Mar

2007

2008

2009

2010

2011

NSW CHIP

NSW CPI

% Chg.

Index

% Chg.

Index

0.5

174.6

0.8

152.2

Year

Months

2012

Mar

NSW CHIP

NSW CPI

% Chg.

Index

% Chg.

Index

1.6

217.7

0.1

178.8

Jun

0.5

175.4

1.6

154.7

Jun

1.6

221.2

0.6

179.9

Sep

1.1

177.4

0.9

156.1

Sep

1.7

225.0

1.7

183.0

Dec

1.0

179.1

-0.2

155.8

Dec

1.1

227.4

0.1

183.1

Mar

-0.6

178.0

-0.1

155.6

Mar

0.7

229.0

0.4

183.9

Jun

1.5

180.7

1.2

157.4

Jun

0.4

230.0

0.4

184.6

Sep

0.5

181.7

0.4

158.1

Sep

1.7

233.9

1.2

186.8

Dec

1.5

184.4

0.9

159.5

Dec

1.0

236.3

0.7

188.1

Mar

1.3

186.8

1.4

161.7

Mar

0.4

237.2

0.6

189.2

Jun

1.0

188.6

1.5

164.1

Jun

1.1

239.7

0.4

189.9

Sep

0.8

190.1

1.1

165.9

Sep

1.2

242.6

0.6

191.0

Dec

1.6

193.0

-0.2

165.5

Dec

0.6

244.1

0.2

191.4

Mar

0.9

194.8

0.1

165.6

Mar

0.7

245.8

0.5

192.3

Jun

2.4

199.5

0.4

166.3

Jun

0.5

247.0

0.9

194.0

Sep

0.5

200.5

1.1

168.1

Sep

0.7

248.7

0.3

194.6

Dec

0.8

202.0

0.6

169.1

Dec

1.0

251.2

0.3

195.2

Mar

0.5

203.1

0.8

170.5

Mar

0.4

252.2

-0.2

194.8

Jun

1.0

205.1

0.4

171.1

Jun

0.9

254.5

0.6

195.9

Sep

0.8

206.7

0.8

172.5

Sep

1.4

258.1

1.0

197.8

Dec

0.7

208.2

0.3

173.1

Dec

1.1

260.9

0.50

198.7

Mar

0.6

209.4

1.6

175.9

March

0.9

263.3

0.40

199.5

Jun

1.4

212.3

1.0

177.6

Sep

0.4

213.1

0.7

178.8

Dec

0.5

214.3

-0.1

178.7

8 | Cordell Housing Index Prices April 2017

2013

2014

2015

2016

2017

-2.0

Mar-17

Mar-16

Mar-15

Mar-14

Mar-13

Mar-12

Mar-11

Mar-10

Mar-09

Mar-08

Mar-07

Mar-06

Mar-05

Mar-04

Mar-03

Mar-02

Mar-01

Mar-00

Mar-99

Mar-98

Mar-97

Mar-96

CHIP VIC

Mar-95

Mar-17

Mar-16

Mar-15

Mar-14

Mar-13

Mar-12

Mar-11

Mar-10

Mar-09

Mar-08

Mar-07

Mar-06

Mar-05

Mar-04

Mar-03

Mar-02

Mar-01

Mar-00

Mar-99

Mar-98

Mar-97

Mar-96

Mar-95

Mar-94

Mar-93

Mar-92

Mar-91

Index CHIP VIC

Mar-94

Mar-93

Mar-92

Mar-90

90.0

Mar-91

Mar-90

% Change

Victoria

CHIP/CPI

CPI VIC

270.0

250.0

230.0

210.0

190.0

170.0

150.0

130.0

110.0

Quarters

% COST CHANGE - VIC

CPI VIC

12.0

10.0

8.0

6.0

4.0

2.0

0.0

Quarters

Cordell Housing Index Prices April 2017 | 9

VIC CHIP & Consumer Price Index (CPI) figures

Year

Months

% Chg.

Index

% Chg.

Index

1990

Mar

0.0

100.0

0.0

100.7

Jun

0.8

100.8

2.0

Sep

0.8

101.6

0.8

Dec

0.8

102.5

3.0

106.6

Mar

0.8

103.3

-0.5

106.1

Jun

0.5

103.8

0.7

Sep

1.1

104.9

Dec

0.0

104.9

Mar

0.0

Jun

2.5

Sep Dec

1991

1992

1993

1994

1995

1996

1997

VIC CHIP

VIC CPI

Year

Months

% Chg.

Index

% Chg.

Index

1998

Mar

0.3

109.2

-0.2

119.6

102.7

Jun

1.4

110.7

0.6

120.3

103.5

Sep

-0.6

110.0

0.1

120.4

Dec

-0.1

109.9

0.3

120.8

Mar

1.0

111.0

0.2

121.0

106.8

Jun

-0.4

110.5

0.4

121.5

0.7

107.6

Sep

0.3

110.9

1.0

122.7

0.7

108.4

Dec

0.7

111.7

0.7

123.5

104.9

-0.1

108.3

Mar

1.6

113.5

1.0

124.7

107.6

-0.1

108.2

Jun

10.1

125.0

0.7

125.6

0.0

107.6

-0.3

107.9

Sep

0.7

125.8

3.8

130.4

0.0

107.6

0.3

108.2

Dec

-0.1

125.7

0.3

130.8

Mar

0.6

108.2

1.2

109.5

Mar

0.0

125.7

1.1

132.2

Jun

0.9

109.2

0.5

110.1

Jun

-0.4

125.2

0.6

133.0

Sep

-0.8

108.4

0.4

110.5

Sep

1.2

126.6

0.5

133.6

Dec

-0.6

107.7

0.3

110.8

Dec

0.6

127.5

0.9

134.8

Mar

0.2

107.9

0.4

111.2

Mar

1.7

129.6

0.9

136.0

Jun

1.2

109.2

0.7

112.0

Jun

1.5

131.6

0.7

136.9

Sep

0.5

109.7

0.2

112.2

Sep

1.4

133.4

0.7

137.8

Dec

-1.9

107.6

0.8

113.1

Dec

1.2

135.0

0.9

139.0

Mar

0.5

108.1

1.7

115.0

Mar

0.5

135.7

1.4

140.9

Jun

0.6

108.7

1.0

116.2

Jun

1.8

138.2

0.0

140.9

Sep

-2.3

106.3

1.2

117.6

Sep

0.5

138.8

0.6

141.8

Dec

-0.3

105.9

0.8

118.5

Dec

1.3

140.6

0.2

142.1

Mar

-0.6

105.3

-0.2

118.3

Mar

0.9

141.9

1.0

143.5

Jun

0.2

105.4

0.8

119.2

Jun

1.9

144.6

0.3

143.9

Sep

-0.5

104.9

0.3

119.6

Sep

1.8

147.2

0.2

144.2

Dec

1.1

106.1

0.3

119.9

Dec

1.7

149.7

0.8

145.3

Mar

1.4

107.6

0.2

120.1

Mar

2.3

153.1

0.8

146.4

Jun

0.8

108.4

-0.2

119.9

Jun

1.1

154.8

0.3

146.9

Sep

0.3

108.7

-0.3

119.5

Sep

0.5

155.6

1.2

148.6

Dec

0.2

108.9

0.3

119.8

Dec

0.3

156.1

0.4

149.2

10 | Cordell Housing Index Prices April 2017

1999

2000

2001

2002

2003

2004

2005

VIC CHIP

VIC CPI

VIC CHIP & Consumer Price Index (CPI) figures continued

Year

Months

% Chg.

Index

% Chg.

Index

2006

Mar

0.6

157.1

0.9

150.5

Jun

0.8

158.4

1.4

Sep

0.8

159.7

0.7

Dec

0.7

160.8

-0.1

153.5

Mar

-0.1

160.6

0.2

153.8

Jun

0.9

162.0

1.2

Sep

2.3

165.7

Dec

0.7

166.9

Mar

1.0

Jun

2.3

Sep Dec

2007

2008

2009

2010

2011

VIC CHIP

VIC CPI

Year

Months

% Chg.

Index

% Chg.

Index

2012

Mar

1.6

204.4

0.0

176.8

152.6

Jun

2.5

209.6

0.5

177.7

153.7

Sep

1.9

213.5

1.8

180.9

Dec

1.7

217.2

0.7

182.2

Mar

1.3

220.0

0.4

182.9

155.6

Jun

1.4

223.2

0.2

183.2

0.8

156.9

Sep

1.7

227.0

1.4

185.8

1.0

158.5

Dec

0.2

227.5

0.8

187.2

168.6

1.3

160.6

Mar

0.3

228.1

0.5

188.2

172.4

1.2

162.5

Jun

1.0

230.4

0.6

189.2

0.9

174.0

1.2

164.4

Sep

1.6

234.1

0.2

189.6

2.3

178.0

-0.5

163.5

Dec

1.0

236.4

0.2

190.0

Mar

1.7

181.0

0.2

163.9

Mar

0.9

238.5

0.1

190.1

Jul

1.2

183.1

0.3

164.4

Jun

0.4

239.5

0.7

191.4

Sep

1.1

185.2

0.6

165.4

Sep

1.1

242.1

0.5

192.3

Dec

1.0

187.1

0.6

166.4

Dec

1.0

244.5

0.7

193.6

Mar

0.2

187.5

1.3

168.5

Mar

0.6

246.0

-0.1

193.4

Jun

1.0

189.4

0.6

169.5

Jun

0.6

247.5

0.4

194.2

Sep

0.9

191.2

0.6

170.5

Sep

0.8

249.5

0.5

195.1

Dec

1.1

193.2

0.6

171.5

Dec

0.6

250.9

0.7

196.5

Mar

0.9

195.0

1.7

174.4

Mar

1.1

253.7

0.9

198.3

Jun

1.7

198.3

0.7

175.6

Sep

0.7

199.6

0.6

176.7

Dec

0.8

201.3

0.1

176.8

2013

2014

2015

2016

2017

VIC CHIP

VIC CPI

Cordell Housing Index Prices April 2017 | 11

-2.0

12 | Cordell Housing Index Prices April 2017

Quarters

Mar-17

Mar-16

Mar-15

Mar-14

Mar-13

Mar-12

Mar-11

Mar-10

Mar-09

Mar-08

Mar-07

Mar-06

Mar-05

Mar-04

Mar-03

Mar-02

Mar-01

Mar-00

Mar-99

Mar-98

Mar-97

Mar-96

CHIP QLD

Mar-95

Mar-17

Mar-16

Mar-15

Mar-14

Mar-13

Mar-12

Mar-11

Mar-10

Mar-09

Mar-08

Mar-07

Mar-06

Mar-05

Mar-04

Mar-03

Mar-02

Mar-01

Mar-00

Mar-99

Mar-98

Mar-97

Mar-96

Mar-95

Mar-94

Mar-93

Mar-92

Mar-91

Index CHIP QLD

Mar-94

Mar-93

Mar-92

Mar-90

90.0

Mar-91

Mar-90

% Change

Queensland

CHIP/CPI

CPI QLD

290.0

270.0

250.0

230.0

210.0

190.0

170.0

150.0

130.0

110.0

Quadrant

% COST CHANGE - QLD

CPI QLD

12.0

10.0

8.0

6.0

4.0

2.0

0.0

QLD CHIP & Consumer Price Index (CPI) figures

Year

Months

% Chg.

Index

% Chg.

Index

1990

Mar

0.0

100.0

0.0

100.8

Jun

0.6

100.6

1.4

Sep

1.7

102.3

0.6

Dec

0.0

102.3

2.5

105.4

Mar

1.5

103.9

0.3

105.7

Jun

0.0

103.9

0.0

Sep

0.0

103.9

Dec

0.4

104.3

Mar

0.7

Jun

1.3

Sep Dec

1991

1992

1993

1994

1995

1996

1997

QLD CHIP

QLD CPI

Year

Months

% Chg.

Index

% Chg.

Index

1998

Mar

0.0

114.9

0.4

121.9

102.2

Jun

0.2

115.1

0.3

122.3

102.8

Sep

0.8

116.0

0.2

122.5

Dec

0.0

116.0

0.4

123.0

Mar

0.8

117.0

-0.2

122.8

105.7

Jun

-0.8

116.1

0.2

123.1

0.4

106.1

Sep

1.1

117.3

0.7

124.0

1.1

107.3

Dec

0.2

117.5

0.1

124.1

105.1

0.2

107.5

Mar

2.9

120.9

1.1

125.5

106.4

-0.5

107.0

Jun

2.5

124.0

0.7

126.4

1.2

107.7

-0.1

106.9

Sep

9.3

135.5

3.9

131.3

1.4

109.3

1.1

108.1

Dec

-0.4

134.9

0.2

131.6

Mar

1.2

110.6

0.9

109.1

Mar

-0.1

134.7

0.8

132.7

Jun

1.0

111.7

0.5

109.7

Jun

0.7

135.6

1.0

134.0

Sep

-0.5

111.1

0.2

109.9

Sep

1.9

138.2

0.1

134.2

Dec

0.7

111.9

0.3

110.2

Dec

0.5

138.9

1.2

135.8

Mar

-0.8

111.0

0.5

110.8

Mar

0.8

140.0

1.0

137.1

Jun

0.8

111.9

0.6

111.5

Jun

1.4

141.9

0.7

138.1

Sep

1.7

113.9

0.9

112.5

Sep

1.6

144.3

0.8

139.2

Dec

-1.7

112.0

1.1

113.7

Dec

1.1

145.9

0.5

139.9

Mar

0.5

112.5

1.8

115.8

Mar

1.4

147.9

1.4

141.8

Jun

1.5

114.2

0.9

116.9

Jun

2.1

150.9

0.0

141.8

Sep

-1.6

112.4

0.9

117.9

Sep

0.5

151.6

1.1

143.3

Dec

-0.2

112.2

0.6

118.6

Dec

2.1

154.9

0.6

144.2

Mar

-1.0

111.1

0.8

119.6

Mar

1.6

157.4

0.8

145.4

Jun

0.3

111.4

0.7

120.4

Jun

1.3

159.4

0.6

146.3

Sep

-0.5

110.9

0.2

120.6

Sep

1.1

161.2

0.3

146.8

Dec

0.3

111.2

0.2

120.8

Dec

1.0

162.8

0.8

148.0

Mar

0.2

111.5

0.6

121.5

Mar

1.2

164.7

0.8

149.2

Jun

1.0

112.6

-0.3

121.1

Jun

1.5

167.3

0.5

150.0

Sep

0.5

113.1

-0.3

120.7

Sep

0.3

167.8

0.6

150.9

Dec

1.5

114.9

0.6

121.4

Dec

0.6

168.9

0.8

152.1

1999

2000

2001

2002

2003

2004

2005

QLD CHIP

QLD CPI

Cordell Housing Index Prices April 2017 | 13

QLD CHIP & Consumer Price Index (CPI) figures continued

Year

Months

% Chg.

Index

% Chg.

Index

2006

Mar

1.8

171.9

0.9

153.5

Jun

0.9

173.6

1.8

Sep

0.7

174.8

0.8

Dec

0.7

175.9

-0.1

157.3

Mar

0.4

176.6

0.4

158.0

Jun

1.7

179.7

1.4

Sep

1.2

181.8

Dec

0.9

183.5

Mar

1.1

Jun

1.3

Sep Dec

2007

2008

2009

2010

2011

QLD CHIP

QLD CPI

Year

Months

% Chg.

Index

% Chg.

Index

2012

Mar

2.0

222.3

0.2

184.7

156.2

Jun

1.6

225.9

0.6

185.8

157.5

Sep

2.1

230.7

1.7

189.0

Dec

1.2

233.5

0.7

190.3

Mar

1.2

236.3

0.1

190.5

160.2

Jun

1.3

239.4

0.5

191.4

0.9

161.7

Sep

1.7

243.4

1.3

193.9

1.1

163.4

Dec

0.6

244.9

0.8

195.4

185.4

1.3

165.6

Mar

0.8

246.9

0.6

196.5

187.9

1.7

168.4

Jun

1.0

249.3

0.6

197.6

1.0

189.7

1.4

170.8

Sep

1.7

253.6

0.7

198.9

2.3

194.1

-0.2

170.4

Dec

1.2

256.6

0.2

199.3

Mar

1.7

197.5

0.2

170.8

Mar

1.2

259.7

0.0

199.3

Jun

1.0

199.4

0.6

171.8

Jun

0.7

261.5

0.7

200.6

Sep

0.8

201.1

1.3

174.1

Sep

1.2

264.6

0.7

201.9

Dec

0.7

202.4

0.3

174.7

Dec

1.5

268.6

0.4

202.7

Mar

0.4

203.1

0.7

176.0

Mar

1.0

271.3

0.0

202.7

Jun

0.4

203.9

0.7

177.3

Jun

0.7

273.2

0.46

203.6

Sep

0.9

205.8

1.0

179.1

Sep

1.3

276.8

0.64

204.9

Dec

1.0

207.8

0.5

180.0

Dec

0.7

278.7

0.5

205.9

Mar

0.9

209.8

1.3

182.3

Mar

0.7

280.7

0.3

206.5

Jun

2.1

214.2

1.0

184.1

Sep

0.9

216.2

0.3

184.7

Dec

0.8

217.9

-0.2

184.4

14 | Cordell Housing Index Prices April 2017

2013

2014

2015

2016

2017

QLD CHIP

QLD CPI

-2.0

Mar-17

Mar-16

Mar-15

Mar-14

Mar-13

Mar-12

Mar-11

Mar-10

Mar-09

Mar-08

Mar-07

Mar-06

Mar-05

Mar-04

Mar-03

Mar-02

Mar-01

Mar-00

Mar-99

Mar-98

Mar-97

Mar-96

CHIP SA

Mar-95

Mar-17

Mar-16

Mar-15

Mar-14

Mar-13

Mar-12

Mar-11

Mar-10

Mar-09

Mar-08

Mar-07

Mar-06

Mar-05

Mar-04

Mar-03

Mar-02

Mar-01

Mar-00

Mar-99

Mar-98

Mar-97

Mar-96

Mar-95

Mar-94

Mar-93

Mar-92

Mar-91

Index CHIP SA

Mar-94

Mar-93

Mar-92

Mar-90

90.00

Mar-91

Mar-90

% Change

South Australia

CHIP/CPI

CPI SA

270.00

250.00

230.00

210.00

190.00

170.00

150.00

130.00

110.00

Quarters

% COST CHANGE - SA

CPI SA

12.0

10.0

8.0

6.0

4.0

2.0

0.0

Quarters

Cordell Housing Index Prices April 2017 | 15

SA CHIP & Consumer Price Index (CPI) figures

Year

Months

% Chg.

Index

% Chg.

Index

1990

Mar

0.0

100.0

0.0

100.6

Jun

0.9

100.9

1.9

Sep

0.7

101.6

1.3

Dec

0.9

102.5

3.0

106.9

Mar

0.7

103.3

-0.2

106.7

Jun

0.9

104.2

0.6

Sep

2.4

106.7

Dec

0.5

107.2

Mar

1.5

Jun

0.0

Sep Dec

1991

1992

1993

1994

1995

1996

1997

SA CHIP

SA CPI

Year

Months

% Chg.

Index

% Chg.

Index

1998

Mar

0.2

109.8

0.4

121.7

102.5

Jun

0.3

110.1

0.6

122.4

103.8

Sep

1.3

111.6

0.5

123.0

Dec

-0.7

110.8

0.5

123.6

Mar

-0.4

110.3

-0.7

122.7

107.3

Jun

0.1

110.5

0.7

123.6

0.7

108.0

Sep

0.9

111.5

1.2

125.1

0.7

108.8

Dec

0.0

111.5

0.5

125.7

108.8

0.6

109.5

Mar

0.4

112.0

0.9

126.8

108.8

-0.1

109.4

Jun

0.3

112.3

0.6

127.6

-0.2

108.6

0.6

110.1

Sep

10.0

123.5

3.7

132.3

0.0

108.6

0.5

110.7

Dec

-0.4

123.0

0.2

132.5

Mar

0.0

108.6

0.8

111.6

Mar

0.7

123.8

1.2

134.1

Jun

0.5

109.2

0.6

112.3

Jun

-0.4

123.3

0.7

135.1

Sep

0.8

110.0

0.4

112.7

Sep

1.5

125.1

0.1

135.3

Dec

-0.7

109.3

0.1

112.8

Dec

0.4

125.6

1.0

136.6

Mar

-0.7

108.5

0.7

113.6

Mar

1.2

127.1

0.8

137.7

Jun

0.2

108.7

0.7

114.4

Jun

1.8

129.4

1.0

139.1

Sep

1.2

110.0

0.4

114.9

Sep

0.5

130.1

0.9

140.3

Dec

0.3

110.4

1.0

116.0

Dec

1.4

131.9

0.9

141.5

Mar

-1.8

108.4

1.6

117.8

Mar

0.4

132.4

2.2

144.6

Jun

0.5

109.0

0.8

118.8

Jun

1.4

134.2

-0.2

144.3

Sep

0.5

109.5

1.1

120.1

Sep

2.2

137.2

0.8

145.4

Dec

-2.3

107.0

0.8

121.1

Dec

1.4

139.2

0.6

146.2

Mar

-0.2

106.7

0.4

121.6

Mar

1.3

141.0

1.0

147.7

Jun

-0.7

106.0

0.3

122.0

Jun

1.9

143.6

0.6

148.6

Sep

0.2

106.2

0.2

122.2

Sep

1.7

146.1

0.3

149.0

Dec

-0.5

105.7

0.3

122.6

Dec

1.0

147.6

0.7

150.0

Mar

1.0

106.7

0.0

122.6

Mar

0.6

148.4

0.6

150.9

Jun

1.6

108.5

-0.6

121.9

Jun

1.6

150.7

0.6

151.8

Sep

0.7

109.2

-0.6

121.2

Sep

2.1

153.8

1.1

153.4

Dec

0.3

109.6

0.0

121.2

Dec

1.2

155.7

0.5

154.1

16 | Cordell Housing Index Prices April 2017

1999

2000

2001

2002

2003

2004

2005

SA CHIP

SA CPI

SA CHIP & Consumer Price Index (CPI) figures continued

Year

Months

2006

Mar

2007

2008

2009

2010

2011

SA CHIP

SA CPI

% Chg.

Index

1.9

158.6

% Chg. 1.0

Year

Months

% Chg.

Index

% Chg.

Index

2012

Mar

1.2

202.9

-0.1

183.3

Index 155.6

SA CHIP

SA CPI

Jun

1.2

160.6

1.3

157.6

Jun

2.5

208.0

0.3

183.9

Sep

1.7

163.4

1.1

159.3

Sep

3.1

214.4

2.0

187.6

Dec

1.4

165.6

-0.3

158.8

Dec

0.9

216.5

0.6

188.7

Mar

-0.05

165.5

-0.3

158.4

Mar

0.2

216.9

0.0

188.7

Jun

1.1

167.4

1.2

160.3

Jun

1.2

219.6

0.2

189.1

Sep

1.4

169.7

0.7

161.5

Sep

0.4

220.4

1.4

191.7

Dec

1.2

171.7

1.0

163.1

Dec

0.3

221.1

0.7

193.0

2013

2014

Mar

1.0

173.4

1.5

165.6

Mar

0.3

221.8

0.7

194.3

Jun

1.6

176.3

1.2

167.6

Jun

0.7

223.3

0.4

195.1

Sep

1.0

178.0

1.3

169.8

Sep

1.7

227.1

0.4

195.8

Dec

2.0

181.6

-0.3

169.3

Dec

0.6

228.5

0.3

196.4

Mar

0.8

183.1

0.0

169.3

Mar

1.1

231.0

0.1

196.5

Jun

0.9

184.7

0.6

170.3

Jun

0.6

232.4

0.5

197.5

Sep

1.7

187.9

1.1

172.1

Sep

1.1

234.9

0.3

198.0

Dec

0.6

189.0

0.3

172.7

Dec

1.2

237.7

0.2

198.4

Mar

0.4

189.8

0.6

173.7

Mar

1.0

240.1

-0.3

197.8

Jun

0.8

191.4

0.7

175.0

Jun

0.8

242.1

0.47

198.8

Sep

0.7

192.7

0.9

176.6

Sep

0.7

243.8

0.84

200.4

Dec

0.7

194.0

0.3

177.1

Dec

0.8

245.7

0.3

201.0

Mar

0.7

195.3

1.6

180.0

Mar

0.3

246.4

0.4

201.8

Jun

1.6

198.5

1.0

181.8

Sep

0.7

199.8

1.0

183.6

Dec

0.3

200.4

-0.1

183.5

2015

2016

2017

Cordell Housing Index Prices April 2017 | 17

-2.0

18 | Cordell Housing Index Prices April 2017

Quarters

Mar-17

Mar-16

Mar-15

Mar-14

Mar-13

Mar-12

Mar-11

Mar-10

Mar-09

Mar-08

Mar-07

Mar-06

Mar-05

Mar-04

Mar-03

Mar-02

Mar-01

Mar-00

Mar-99

Mar-98

Mar-97

Mar-96

CHIP WA

Mar-95

Mar-17

Mar-16

Mar-15

Mar-14

Mar-13

Mar-12

Mar-11

Mar-10

Mar-09

Mar-08

Mar-07

Mar-06

Mar-05

Mar-04

Mar-03

Mar-02

Mar-01

Mar-00

Mar-99

Mar-98

Mar-97

Mar-96

Mar-95

Mar-94

Mar-93

Mar-92

Mar-91

Index CHIP WA

Mar-94

Mar-93

Mar-92

Mar-90

90.0

Mar-91

Mar-90

% Change

Western Australia

CHIP/CPI

CPI WA

290.0

270.0

250.0

230.0

210.0

190.0

170.0

150.0

130.0

110.0

Quarters

% COST CHANGE - WA

CPI WA

12.0

10.0

8.0

6.0

4.0

2.0

0.0

WA CHIP & Consumer Price Index (CPI) figures

Year

Months

% Chg.

Index

% Chg.

Index

1990

Mar

0.0

100.0

0.0

101.2

Jun

1.4

101.4

1.7

Sep

1.7

103.2

0.8

Dec

0.8

104.0

2.4

106.2

Mar

1.1

105.2

-0.9

105.2

Jun

0.6

105.8

-0.1

Sep

0.0

105.8

Dec

0.2

106.0

Mar

0.0

Jun

0.2

Sep Dec

1991

1992

1993

1994

1995

1996

1997

WA CHIP

WA CPI

Year

Months

% Chg.

Index

% Chg.

Index

1998

Mar

0.0

108.7

0.3

118.0

102.9

Jun

1.4

110.2

0.8

118.9

103.7

Sep

0.0

110.2

0.6

119.6

Dec

1.2

111.6

0.5

120.2

Mar

0.2

111.8

-0.3

119.8

105.1

Jun

0.8

112.7

0.8

120.8

0.6

105.7

Sep

-1.7

110.7

0.9

121.9

0.4

106.1

Dec

-0.3

110.4

0.7

122.7

106.0

0.0

106.1

Mar

9.7

121.1

0.3

123.1

106.2

-0.5

105.6

Jun

0.6

121.9

0.7

124.0

0.0

106.2

-0.1

105.5

Sep

9.4

133.3

3.7

128.6

0.0

106.2

0.6

106.1

Dec

1.0

134.7

0.2

128.8

Mar

0.0

106.2

0.3

106.4

Mar

-1.8

132.3

0.6

129.6

Jun

0.7

107.0

0.4

106.8

Jun

-0.3

131.8

1.4

131.4

Sep

-2.4

104.4

1.0

107.9

Sep

-0.7

130.9

0.1

131.5

Dec

0.7

105.1

0.6

108.5

Dec

0.5

131.5

0.8

132.6

Mar

0.0

105.1

0.1

108.6

Mar

0.5

132.1

0.8

133.7

Jun

2.0

107.2

0.5

109.1

Jun

-0.1

132.0

0.7

134.6

Sep

-0.7

106.5

0.9

110.1

Sep

1.0

133.3

0.9

135.8

Dec

-0.9

105.5

0.8

111.0

Dec

1.4

135.1

0.4

136.4

Mar

1.5

107.2

1.8

113.0

Mar

1.3

137.0

0.7

137.4

Jun

-0.2

106.9

1.7

114.9

Jun

1.2

138.6

0.0

137.4

Sep

-0.2

106.7

0.6

115.6

Sep

1.0

140.0

0.9

138.6

Dec

-0.7

106.0

0.6

116.3

Dec

2.0

142.8

0.4

139.2

Mar

-0.6

105.4

0.7

117.1

Mar

0.9

144.2

0.3

139.6

Jun

0.6

106.0

0.7

117.9

Jun

1.8

146.7

1.0

141.0

Sep

0.4

106.4

0.3

118.3

Sep

2.0

149.6

0.7

142.0

Dec

-0.5

105.9

0.1

118.4

Dec

3.0

154.1

0.9

143.3

Mar

1.1

107.1

-0.2

118.2

Mar

1.5

156.4

0.8

144.4

Jun

0.4

107.5

-0.1

118.1

Jun

2.2

159.9

1.3

146.3

Sep

0.7

108.3

-0.5

117.5

Sep

1.4

162.1

1.0

147.8

Dec

0.4

108.7

0.1

117.6

Dec

2.4

166.0

0.8

149.0

1999

2000

2001

2002

2003

2004

2005

WA CHIP

WA CPI

Cordell Housing Index Prices April 2017 | 19

WA CHIP & Consumer Price Index (CPI) figures continued

Year

Months

% Chg.

Index

% Chg.

Index

2006

Mar

0.9

167.5

1.0

150.5

Jun

0.5

168.4

1.8

Sep

1.3

170.5

1.1

Dec

2.2

174.2

0.4

155.5

Mar

1.1

176.1

0.2

155.8

Jun

0.7

177.3

1.4

Sep

1.7

180.2

Dec

0.5

181.1

Mar

1.6

Jun

2.2

Sep Dec

2007

2008

2009

2010

2011

WA CHIP

WA CPI

Year

Months

% Chg.

Index

% Chg.

Index

2012

Mar

1.2

213.8

0.2

179.5

153.2

Jun

2.0

218.1

0.5

180.4

154.9

Sep

2.2

222.9

1.7

183.5

Dec

1.0

225.2

0.7

184.7

Mar

0.1

225.5

0.5

185.7

158.0

Jun

1.6

229.2

0.6

186.8

0.6

158.9

Sep

0.7

230.9

1.2

189.0

0.8

160.2

Dec

0.7

232.5

0.7

190.3

184.0

1.4

162.5

Mar

0.9

234.6

0.7

191.6

188.0

1.6

165.1

Jun

1.5

238.1

0.8

193.0

0.5

189.0

1.0

166.7

Sep

1.6

241.9

0.5

193.9

1.3

191.5

-0.3

166.2

Dec

1.2

244.8

0.1

194.1

Mar

0.4

192.3

-0.1

166.0

Mar

1.4

248.2

0.1

194.3

Jun

0.8

193.8

0.8

167.4

Jun

0.7

249.9

0.6

195.4

Sep

0.6

194.9

0.8

168.7

Sep

1.0

252.4

0.4

196.1

Dec

1.3

197.4

0.6

169.7

Dec

1.5

256.2

0.5

197.1

Mar

0.3

198.0

1.1

171.6

Mar

1.1

259.0

-0.6

195.8

Jun

0.5

198.9

1.2

173.6

Jun

1.1

261.9

0.3

196.4

Sep

1.2

201.3

0.2

174.0

Sep

0.6

263.5

0.4

197.1

Dec

1.8

204.9

0.1

174.1

Dec

0.5

264.8

0.4

197.8

Mar

0.7

206.4

1.1

176.1

Mar

0.4

265.8

0.0

197.8

Jun

0.8

208.1

1.3

178.4

Sep

0.7

209.5

0.2

178.8

Dec

0.8

211.2

0.2

179.1

20 | Cordell Housing Index Prices April 2017

2013

2014

2015

2016

2017

WA CHIP

WA CPI

-2.0

Mar-17

Mar-16

Mar-15

Mar-14

Mar-13

Mar-12

Mar-11

Mar-10

Mar-09

Mar-08

Mar-07

Mar-06

Mar-05

Mar-04

Mar-03

Mar-02

Mar-01

Mar-00

Mar-99

Mar-98

Mar-97

Mar-96

Mar-17

Mar-16

Mar-15

Mar-14

Mar-13

Mar-12

Mar-11

Mar-10

Mar-09

Mar-08

Mar-07

Mar-06

Mar-05

Mar-04

Mar-03

Mar-02

Mar-01

Mar-00

Mar-99

Mar-98

Mar-97

Mar-96

Mar-95

Mar-94

Mar-93

Mar-92

Mar-91

Index CHIP NATIONAL

Mar-95

CHIP NATIONAL

Mar-94

Mar-93

Mar-92

Mar-90

90.00

Mar-91

Mar-90

% Change

National

CHIP/CPI

CPI NATIONAL

270.00

250.00

230.00

210.00

190.00

170.00

150.00

130.00

110.00

Quadrant

% COST CHANGE - NATIONAL

CPI NATIONAL

12.0

10.0

8.0

6.0

4.0

2.0

0.0

Quarters

Cordell Housing Index Prices April 2017 | 21

National CHIP & Consumer Price Index (CPI) figures

Year

Months

1990

Mar

1991

1992

1993

1994

1995

1996

1997

National CHIP

National CPI

National CHIP

National CPI

% Chg.

Index

% Chg.

Index

0.0

100.0

0.0

100.9

% Chg.

Index

% Chg.

Index

0.1

112.8

0.2

120.3

Jun

1.3

101.3

1.6

Sep

1.5

102.8

0.8

Jun

1.2

114.2

0.6

121.0

Sep

0.8

115.1

0.2

121.3

Dec

0.7

103.5

2.6

106.0

Mar

1.0

104.5

-0.2

105.8

Dec

0.0

115.1

0.5

121.9

Mar

0.7

115.9

-0.1

121.8

Jun

0.6

105.2

0.2

106.0

Jun

-0.1

115.8

0.4

122.3

Sep

0.7

105.9

Dec

0.2

106.1

0.6

106.6

Sep

1.1

117.1

0.9

123.4

0.9

107.6

Dec

0.2

117.3

0.6

124.1

Mar

0.3

Jun

1.0

106.4

0.0

107.6

Mar

2.6

120.4

0.9

125.2

107.4

-0.3

107.3

Jun

3.3

124.4

0.8

126.2

Sep Dec

0.3

107.7

0.1

107.4

Sep

7.2

133.4

3.7

130.9

0.2

108.0

0.5

107.9

Dec

-0.1

133.3

0.3

131.3

Mar

0.4

108.4

0.9

108.9

Mar

-0.5

132.7

1.1

132.7

Jun

0.6

109.0

0.4

109.3

Jun

0.1

132.8

0.8

133.8

Sep

-0.1

108.8

0.5

109.8

Sep

0.9

134.0

0.3

134.2

Dec

0.0

108.8

0.2

110.0

Dec

0.4

134.6

0.9

135.4

Mar

-0.1

108.7

0.4

110.4

Mar

0.8

135.7

0.9

136.6

Jun

0.7

109.5

0.7

111.2

Jun

1.4

137.6

0.7

137.6

Sep

0.7

110.2

0.6

111.9

Sep

1.1

139.1

0.7

138.5

Dec

-1.0

109.1

0.8

112.8

Dec

1.4

141.0

0.7

139.5

Mar

1.1

110.3

1.7

114.7

Mar

0.9

142.3

1.3

141.3

Jun

0.3

110.6

1.3

116.2

Jun

1.6

144.6

0.0

141.3

Sep

-0.7

109.8

1.2

117.6

Sep

0.9

145.9

0.6

142.1

Dec

0.0

109.8

0.8

118.5

Dec

1.5

148.0

0.5

142.8

Mar

-0.7

109.0

0.4

119.0

Mar

1.1

149.7

0.9

144.1

Jun

0.1

109.2

0.7

119.8

Jun

2.0

152.6

0.5

144.8

Sep

-0.1

109.1

0.3

120.1

Sep

1.6

155.0

0.4

145.4

Dec

0.4

109.5

0.2

120.3

Dec

2.0

158.1

0.8

146.5

Mar

1.2

110.8

0.2

120.5

Mar

1.6

160.6

0.7

147.5

Jun

0.7

111.6

-0.2

120.2

Jun

1.5

162.9

0.6

148.4

Sep

0.5

112.2

-0.4

119.7

Sep

0.6

163.9

0.9

149.8

Dec

0.6

112.8

0.3

120.0

Dec

0.9

165.3

0.5

150.6

22 | Cordell Housing Index Prices April 2017

Year

Months

1998

Mar

102.5 103.3

1999

2000

2001

2002

2003

2004

2005

National CHIP & Consumer Price Index (CPI) figures continued

Year

Months

2006

Mar Jun

2007

2008

2009

2010

2011

National CHIP

National CPI

% Chg.

Index

% Chg.

Index

0.9

166.8

0.9

151.9

Year

2012

Months

National CHIP

National CPI

% Chg.

Index

% Chg.

Index

Mar

1.6

212.8

0.1

179.5

0.7

168.0

1.6

154.3

Jun

2.0

217.1

0.5

180.4

Sep

1.1

169.8

0.9

155.7

Sep

2.0

221.4

1.7

183.5

Dec

1.0

171.5

-0.1

155.5

Dec

1.3

224.2

0.6

184.6

Mar

-0.1

171.3

0.1

155.6

Mar

1.1

226.6

0.4

185.3

Jun

1.3

173.5

1.2

157.5

Jun

1.1

229.0

0.4

186.0

Sep

1.3

175.8

0.7

158.6

Sep

1.5

232.4

1.2

188.2

Dec

1.1

177.6

0.9

160.1

Dec

0.6

233.8

0.8

189.7

Mar

1.2

179.7

1.3

162.2

Mar

0.5

234.9

0.6

190.8

Jun

1.6

182.6

1.5

164.6

Jun

1.1

237.4

0.5

191.8

Sep

0.8

184.1

1.2

166.5

Sep

1.3

240.5

0.5

192.8

Dec

1.9

187.6

-0.3

166.0

Dec

0.9

242.7

0.2

193.2

Mar

1.2

189.9

0.1

166.2

Mar

0.9

244.8

0.2

193.5

Jun

1.5

192.8

0.5

167.0

Jun

0.5

246.2

0.7

194.8

Sep

0.8

194.4

1.0

168.6

Sep

1.0

248.6

0.5

195.8

Dec

0.9

196.0

0.5

169.5

Dec

1.1

251.4

0.4

196.6

Mar

0.4

196.8

0.9

171.0

Mar

0.7

253.2

-0.2

196.1

Jun

0.8

198.4

0.6

172.1

Jun

0.7

254.9

0.4

196.9

Sep

0.9

200.2

0.7

173.3

Sep

1.1

257.8

0.7

198.4

Dec

1.0

202.1

0.4

174.0

Dec

0.9

260.3

0.60

199.5

Mar

0.8

203.7

1.6

176.7

Mar

0.80

262.3

0.50

200.4

Jun

1.5

206.8

0.9

178.3

Sep

0.6

208.1

0.6

179.4

Dec

0.7

209.5

0.0

179.4

2013

2014

2015

2016

2017

Cordell Housing Index Prices April 2017 | 23

Toll Free: 1300 952 560 Email: info@cordell.com.au www.corelogic.com.au/cordell