Betfair to offer Markets on Residential Property Price Indexes

We’re continuing to expand our market offering based on customer demands and we’re pleased to announce that going forward, we will offer markets on the Residential Property Price Indexes (RPPI) on the Exchange.

Check out FAQ’s below and if you have any more questions, feel free to contact our Customer Service team on 1300 238 324.

You can access all of these markets on the Betfair Exchange where you can Back, Lay and Trade.

What will the Market Base Rate (MBR) be?

The MBR will be 5%.

When will Betfair be offering RPPI markets?

We will start offering Residential Property Price Indexes from this weekend (April 4th).

What will the betting options be on each market?

Customers will have five betting options for each market, reflecting the change in the quarter:

  • Worse than -2.01%
  • 0.00% to -2.0%
  • No change
  • 0.01% to +2.0%
  • Greater than +2.01%

Which Capital Cities will you be offering?

We will have 9 markets in total.

All capital cities will be offered, which include Sydney, Melbourne, Brisbane, Adelaide, Perth, Hobart, Darwin and Canberra.

We also offer a weighted average market of the eight capital cities.

When will markets be settled?

We will be checking with the Australian Bureau of Statistics for the results.

Markets will not be closed in advance of the result.

It is the customer’s responsibility to manage their own position, and Betfair will not be responsible for suspending this market at our discretion.

We will settle the markets based on the results released by the Australian Bureau of Statistics.

How come i can bet on a quarter that has already completed?

The ABS releases its results more than 2 months after the close of the quarter. We will leave the markets open and allow customers to manage their positions until the results are known.