Nundah 2nd Half 2017 final.pdf 1 27/07/2017 2:20 PM

OVERVIEW OVERVIEW Kogarah is located 14km south of the Sydney CBD. This welcoming area is well known for its sporting history, OVERVIEWpicturesque parks and foreshore, family- *IMAGE* OVERVIEWoriented lifestyle and diverse demographics and cultures. Kogarah is located 14km south of the 6.5cm HIGH Sydney CBD. This welcoming area is Half Change from Last Year well known for its sporting history, Year 10.6cm WIDE picturesque parks and foreshore, family- *IMAGE* orientedHouse lifestyle sales and diverse demographics and cultures. House median 6.5cm HIGH Half Change from Last Year Year 10.6cm WIDE House rents House sales Unit sales MARKET CONDITIONS House median Unit median The Kogarah* property market witnessed a record-setting median house price House rents of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional Unit rents annual growth figures of 20.4% and 9.6% respectively. In comparison, houses Unit sales MARKETin the Georges River CONDITIONS Council area grew by 15.2% to $1,425,000 and units by C 14.1% to $738,000. Kogarah* presents a unique opportunity, whereby their FUTURE DEVELOPMENTS** Unit median Thehouse Kogarah* price point property closely market mirrors witnessed that of a recordthe greater-setting LGA median area house however price with M Kogarah* is set to see approx. ofthe $1,415,000 potential andof stronger $663,000 capital for units growth. in Q1 Combined2017, resulting with in record exceptional-setting median $139.9M** of new projects commencing Y Unit rents annualprices growthand positive figures growth of 20.4% trend, and 9.6%Kogarah* respectively. is a sought In comparison, after market houses by buyers . in the area. Mixed use development CM in the Georges River Council area grew by 15.2% to $1,425,000 and units by accounted for the majority of estimated 14.1% to $738,000. Kogarah* presents a unique opportunity, whereby their FUTURE DEVELOPMENTS** MY Average days to sell in Kogarah* have improved over the past 12 months, value at $102.5M** (73.3%), followed by housedecreasing price point to 49 closely for houses mirrors and that 42 of forthe units greater in Q1LGA 2017. area howeverA strong with trend has Kogarah* is set to see approx. CY residential projects, which accounted for the potential of stronger capital growth. Combined with record-setting median emerged for house vendor discounting, pivoting to 7.2% above the listing $139.9M**approx. of new $20.0M** projects (14.3%), commencing commercial CMY prices and positive growth trend, Kogarah* is a sought after market by buyers. price and indicating a sellers’ market. Units are following a similar trend, in the area.projects Mixed which use developmentcontributed $13.5M** K however slightly lower, sitting at 0.8%. This signifies that the Kogarah* accounted(9.6%), for the and majority lastly infrastructureof estimated Average days to sell in Kogarah* have improved over the past 12 months, property market has been skewed significantly towards a sellers market. value atcontributing $102.5M** (73.3%),$3.9M** followed(2.8%). by decreasingBuyers are to increasingly 49 for houses willing and 42 to forpay units more in Q1to secure2017. A the strong ideal trend properties, has residential projects, which accounted for emerged for house vendor discounting, pivoting to 7.2% above the listing showing the high level of demand and competition present within the market.approx.Currently $20.0M** the(14.3%), largest commercial development price and indicating a sellers’ market. Units are following a similar trend, projects which contributed $13.5M** however slightly lower, sitting at 0.8%. This signifies that the Kogarah* underway is the Kogarah RSL Club Median rents have remained relatively stable, whereby houses have (9.6%), and lastly infrastructure property market has been skewed significantly towards a sellers market. mixed development ($83.0M**). The witnessed a slight increase in median rent to $635 and units softening slightlycontributing $3.9M** (2.8%). Buyers are increasingly willing to pay more to secure the ideal properties, construction of two 11 storey buildings to $480 over the past 12 months. Astute investors however are still benefiting will add a total of 220 apartments to the showing the high level of demand and competition present within the market. Currently the largest development from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses Kogarah* unit market as well as and 3.8% for units. underway is the Kogarah RSL Club Median rents have remained relatively stable, whereby houses have mixed developmentconstruction ($83.0M**).of additional The retail facilities witnessed a slight increase in median rent to $635 and units softening slightly constructionsuch asof two an RSL11 storey club buildingsdevelopment. toGEORGES $480 over the past 12 RIVER months. Astute COUNCIL investors however GROWTHare still benefiting will add a total of 220 apartments to the st from low400 vacancy rates of 1.2% and healthy rental yields of 2.5% for$1,500,000 houses Kogarah*The unit main market residential as well asprojects for 1 half and 3.8% for units. construction2017 ofinclude additional the Forestretail facilities Road residential development ($6.8M**), which will add 6 300 such as an RSL club development. GEORGES RIVER COUNCIL GROWTH$1,000,000 townhouses and 1 dwelling; as well as the Bembridge Street apartmentsst 400200 $1,500,000 The main residential projects for 1 half 2017 include($5.8M**) the Forest which Roadwill add residential 23 apartments $500,000 to the market. The focus on mixed use developmentMedian Price ($6.8M**), which will add 6 300100 Heading townhousesand residential and 1 dwelling; projects as well reflects as the high

Number of Sales $1,000,000 the Bembridgeinterest Streetand demand apartments within the area. 2000 $0 ($5.8M**)*Kogarah which Development will addfigures 23encapsulate apartments aggregate development market Q4 Q1 Q2 Q3 Q4 Q1$500,000 to the market.conditions for Thethe following focus suburbs: on Kogarah,mixed Rockdale, use Carlton, Beverley Park, New100 2015 Norfolk2016 2016 2016 2016 2017 Median Price HeadingBexley, Monterey, Kogarah Bay. and residential**Total project valueprojects represents reflects the aggregate the estimate high value of all residential, Number of Sales commercial, industrial, and infrastructure projects scheduled to commence in the interestfirst and half of demand 2017. within the area. 0 House Unit Median House Price $0Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. Property Factsheet *Kogarah Development figures encapsulate aggregate development market Q4 Q1 Q2 Q3 Q4 Q1 conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park, Bexley, Monterey, Kogarah Bay. 2015 2016 2016 2016 2016 2017 **Total project value represents the aggregate estimate value of all residential, 2nd Half 2017 commercial, industrial, and infrastructure projects scheduled to commence in the first half of 2017. House Unit Median House Price Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW OVERVIEW Kogarah is located 14km south of the Sydney CBD. This welcoming area is well known for its sporting history, OVERVIEWOVERVIEWOVERVIEWpicturesque parks and foreshore, family- *IMAGE* NewOVERVIEW Norfolkoriented is a townlifestyle located and 32kmdiverse north - west of .demographics and iscultures. a central Kogarah is located 14km south of the location for tourism in the upper Derwent 6.5cm HIGH Sydney CBD. This welcoming area is Half Valley. TheChange town benefitsfrom Last from its Year proximitywell known to touristfor its attractionssporting history, of Mount Year 10.6cm*IMAGE* WIDE Field,picturesque , parks and Strathgordon foreshore,, Gordonfamily- House sales *IMAGE* Damoriented hydroelectric lifestyle and site, diverse and the South 6.5cm HIGH Westdemographics Wilderness. and cultures. House median 6.5cm HIGH HalfHalf ChangeChange from from Last Last YearYear 10.6cm WIDE YearYear 10.6cm WIDE House rents HouseHouse Sales sales Unit sales House Median Price MARKET CONDITIONS House median Unit median The Kogarah* property market witnessed a record-setting median house priceHouse Rental Price House rents of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional Unit rents MARKETannual growth figures CONDITIONS of 20.4% and 9.6% respectively. In comparison, housesLand Sales Unit sales Newin the Norfolk Georges recorded River a Councilmedian housearea grew price byof $215,000;15.2% to representing$1,425,000 andan units by Using Q1 annualMARKET14.1% price to $738,000. change ofCONDITIONS Kogarah*-4.9%. Although presents there a uniquewas an opportunity,absence of sales whereby for their Land MedianFUTURE Price DEVELOPMENTS**data and vacant land between 1st April and 30th June 2017, vacant land median Unit median disclaimer Thehouse Kogarah* price point property closely market mirrors witnessed that of a recordthe greater-setting LGA median area house however price with Kogarah* is set to see approx. prices has trended positively over the past four quarters to Q1 2017. Over Unit Rental Price that no ofthe $1,415,000 potential andof stronger $663,000 capital for units growth. in Q1 Combined2017, resulting with in record exceptional-setting median $139.9M** of new projects commencing the same period of time house prices in the Derwent Valley Council LGA Unit rents sales annualprices growthand positive figures growth of 20.4% trend, and 9.6%Kogarah* respectively. is a sought In comparison, after market houses by buyers . in the area. Mixed use development recorded a -7.2% change to $213,500. New Norfolk property prices is 0.7% transactio in the Georges River Council area grew by 15.2% to $1,425,000 and units by FUTUREaccounted DEVELOPMENTS* for the majority of estimated above Derwent Valley LGA, but accompanied with higher capital growth. FUTURE DEVELOPMENTS** n in Q2. 14.1%Average to $738,000. days to sell Kogarah* in Kogarah* presents have a unique improved opportunity, over the whereby past 12 their months, New Norfolkvalue is at set $102.5M** to see approximately (73.3%), followed by house price point closely mirrors that of the greater LGA area however with Averagedecreasing days to to 49 sell for in housesNew Norfolk and has42 for remained units in relatively Q1 2017. stable A strong over thetrend has $10.4MKogarah* residentialof newis set development to seeprojects, approx. projectswhich accounted for the potential of stronger capital growth. Combined with record-setting median pastemerged 18 months, for house currently vendor averaging discounting, 65 days pivoting for houses to 7.2% in Q2 above2017. Within the listing commencing$139.9M**approx. of during new $20.0M** projects 2017. The (14.3%), commencing Derwent commercial prices and positive growth trend, Kogarah* is a sought after market by buyers. theprice same and timeframe, indicating rental a sellers’ average market. days onUnits market are followinghas improved, a similar sitting trend, at Valleyin the Linearea.projects Redevelopment, Mixed which use developmentcontributed scheduled $13.5M** to commence construction in 2017, has 26however days (houses) slightly and lower, 31 dayssitting (units). at 0.8%. Average This vendor signifies discounting that the Kogarah* for accounted(9.6%), for the and majority lastly infrastructureof estimated Average days to sell in Kogarah* have improved over the past 12 months, been postponed to 2019**. Infrastructure housesproperty has market tightened has to been -0.8%, skewed the tightest significantly over six towardsquarters. aThis sellers suggests market. value atcontributing $102.5M** (73.3%),$3.9M** followed(2.8%). by thatdecreasingBuyers the market are to increasingly 49 is forpivoting houses to willing anda seller’s 42 to forpay market units more in and Q1to becoming secure2017. A the strong more ideal intrend properties, has accountedresidential for projects, the majority, which ataccounted 67.4%. This for demand,emerged withfor house buyers vendor willing discounting, to offer extremely pivoting close to 7.2% to first above list asking the listing price. is followed by residential projects showing the high level of demand and competition present within the market.approx.Currently $20.0M** the(14.3%), largest commercial development price and indicating a sellers’ market. Units are following a similar trend, (28.7%),projects andwhich commercial contributed projects $13.5M** (3.8%). however slightly lower, sitting at 0.8%. This signifies that the Kogarah* underway is the Kogarah RSL Club MedianMedian rents rents in haveNew Norfolkremained peaked relatively over the stable, past wherebytwelve months houses to Q2 have (9.6%), and lastly infrastructure 2017,property and market currently has sits been at $290perskewed significantlyweek for houses. towards However, a sellers the market. rental A major mixedinfrastructure development project estimated($83.0M**). at The witnessed a slight increase in median rent to $635 and units softening slightlycontributing $3.9M** (2.8%). marketBuyers forare units increasingly has softened willing to to $180per pay more week, to secure which thefluctuated ideal properties, with the low $5.0M includesconstruction road works, of two improving 11 storey the buildings to $480 over the past 12 months. Astute investors however are still benefitingfootpath will connection add a total from of the 220 gateway apartments to to the stock.showing Low the vacancy high level rates of demandof 0.7% continueand competition to reflect present the strong within rental the market. Currently the largest development demandfrom low for vacancy properties rates available of 1.2% in the and area. healthy Astute rental investors yields are of benefiting2.5% for housesthe townKogarah* centre, improving unit market open as space, well as and 3.8% for units. underway is the Kogarah RSL Club fromMedian exceptional rents have rental remained yields relativelyin New Norfolk, stable, currentlywhereby recordedhouses have at 5.9% upgradingconstruction the bus stop of node, additional as well retail as facilities hardmixed and development soft landscaping ($83.0M**). improvement The (house)witnessed and a 7.8%slight (units).increase in median rent to $635 and units softening slightly such as an RSL club development. GROWTH aroundconstruction the Gateway of two 11Roundabout. storey buildings toGEORGES $480 over the past 12 RIVER months. Astute COUNCIL investorsGROWTH however are still benefiting will add a total of 220 apartments to the DERWENTfrom low vacancy ratesVALLEY of 1.2% andCOUNCIL healthy rental yields of 2.5% for houses The main residential projects for 1st half 400 $1,500,000 TheKogarah* Montagu unit Street market Dwellings as well asproject, 80 $300,000 2017 include the Forest Road residential and 3.8% for units. estimatedconstruction at $3.0M of additional, is a key retail residential facilities development ($6.8M**), which will add 6 300 $250,000 projectsuch as in anthe RSL town club and development. will deliver 11 60 townhouses and 1 dwelling; as well as GEORGES RIVER COUNCIL GROWTH$200,000$1,000,000 townhomes to the New Norfolk market, as the Bembridge Street apartmentsst 400200 $1,500,000 wellThe as main associated residential car projects parking forand 1 half 40 $150,000 landscaping.2017 include($5.8M**) This the Forestproject which Roadiswill scheduled add residential 23 apartments for

$500,000Median Price to the market. The focus on mixed use completiondevelopmentMedian Price in 2019. ($6.8M**), which will add 6 300100 $100,000 Heading Number of Sales 20 townhousesand residential and 1 dwelling; projects as well reflects as the high Number of Sales $50,000$1,000,000 Heading *Estimatedthe Bembridge valuesinterest are based Streetand on construction demand apartments value within provided the by the area. 2000 $0 relevant data authority and does not reflect commercial and/or re-sale 0 $0 value.($5.8M**) Quoted*Kogarah construction which Development and will completion addfigures 23encapsulate dates apartments are aggregate estimate development only, as market Q1 2016Q4Q2 2016Q1Q3 2016Q2Q4 2016Q3Q1 2017Q4Q2 2017 Q1$500,000 per relevantto the data market.conditions authority. for Thethe following focus suburbs: on Kogarah,mixed Rockdale, use Carlton, Beverley Park, Median Price **Derwent ValleyBexley, Line Monterey, Redevelopment Kogarah Baycommentary. is based on 100 2015 2016 2016 2016 2016 2017 Heading th House Unit Vacant Land updatedand information residential**Total projectfrom the valueprojects relevant represents data reflects the authority, aggregate the on estimate 19 highJuly value 2017 of. all residential, Number of Sales Source: APM commercial,Pricefinder ,industrial, realestate.com.au, and infrastructure Real projectsEstate Institute scheduled of to commence in the Median House Price Median Unit Price Median Land Price ,interest Landfirst andInformation half of demand 2017. System within Tasmania. the area. 0 House Unit Median House Price $0Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. *Kogarah Development figures encapsulate aggregate development market Q4 Q1 Q2 Q3 Q4 Q1 conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park, Bexley, Monterey, Kogarah Bay. 2015 2016 2016 2016 2016 2017 **Total project value represents the aggregate estimate value of all residential, commercial, industrial, and infrastructure projects scheduled to commence in the first half of 2017. House Unit Median House Price Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW OVERVIEW Kogarah is located 14km south of the Sydney CBD. This welcoming area is well known for its sporting history, AVERAGE VENDOR DISCOUNT* AVERAGEOVERVIEWAVERAGEpicturesque VENDOR VENDOR parks DISCOUNT and DISCOUNT foreshore, family- OVERVIEWoriented lifestyle and diverse *IMAGE*House AverageAverage vendorvendor discountdiscount reflectsreflects the the demographics and cultures. 0.0% averageKogarahaverage percentage ispercentage located difference 14kmdifference south of betweenthe between first list price and final sold 6.5cm HIGH Sydneyfirst listed CBD.price This andwelcomingfinal sold areaprice is . A Half price. A lowerChange percentage from Last differenceYear -1.0% welllower knownpercentage for its sportingdifference history,suggests Year 10.6cm WIDE (closerpicturesquebuyers to zero)are parks suggestswilling andto foreshore,buyerspurchase are family close-to 0.8% -

3.0% willing to purchase close to the first

3.2% the first asking price of a property. - House sales

- oriented lifestyle and diverse -2.0% *IMAGE*

4.0% asking price of a property.

- demographics and cultures. 4.6% 6.5cm HIGH - MARKETHouse COMPARISONmedian GRAPH 4.9% Half -3.0% - Change from Last Year The KEYmarket FACTS comparison UNIT graph providesYear House rents 10.6cm WIDE comparative trend for median price of -4.0% houseHouse and sales units over the past 10 years. LGAs profiledUnit salesare chosen based on MARKET-5.0% CONDITIONS proximityHouse median to the main LGA analysed in the factsheet,Unit medianwhich is Derwent Valley

TheChange from Listing to Sale Price Kogarah* property market witnessed a record-setting median house price Council.House Therents main LGA is highlighted of $1,415,000-6.0% and $663,000 for units in Q1 2017, resulting in exceptional through aUnit dotted rents black line graph. annual growthQ1 figures 2016 ofQ2 20.4% 2016 andQ3 2016 9.6%Q4 respectively. 2016 Q1 2017 In comparison,Q2 2017 houses Unit sales in the Georges River Council area grew by 15.2% to $1,425,000 and units by MARKET14.1% to $738,000. CONDITIONS Kogarah* presents a unique opportunity, whereby their FUTURE DEVELOPMENTS** HOUSE MARKET COMPARISON Unit median Thehouse Kogarah* price point property closely market mirrors witnessed that of a recordthe greater-setting LGA median area house however price with Kogarah* is set to see approx. ofthe $1,415,000 potential$300,000 andof stronger $663,000 capital for units growth. in Q1 Combined2017, resulting with in record exceptional-setting median Unit rents$139.9M** of new projects commencing annualprices growthand positive figures growth of 20.4% trend, and 9.6%Kogarah* respectively. is a sought In comparison, after market houses by buyers . in the area. Mixed use development in the Georges$250,000 River Council area grew by 15.2% to $1,425,000 and units by FUTUREaccounted DEVELOPMENTS** for the majority of estimated 14.1%Average to $738,000. days to sell Kogarah* in Kogarah* presents have a unique improved opportunity, over the whereby past 12 their months, value at $102.5M** (73.3%), followed by house price point closely mirrors that of the greater LGA area however with decreasing$200,000 to 49 for houses and 42 for units in Q1 2017. A strong trend has Kogarah*residential is set to seeprojects, approx. which accounted for the potential of stronger capital growth. Combined with record-setting median emerged for house vendor discounting, pivoting to 7.2% above the listing $139.9M**approx. of new $20.0M** projects (14.3%), commencing commercial prices and positive growth trend, Kogarah* is a sought after market by buyers. price and$150,000 indicating a sellers’ market. Units are following a similar trend, in the area.projects Mixed which use developmentcontributed $13.5M** however slightly lower, sitting at 0.8%. This signifies that the Kogarah* accounted(9.6%), for the and majority lastly infrastructureof estimated Average days to sell in Kogarah* have improved over the past 12 months, property$100,000 market has been skewed significantly towards a sellers market. value atcontributing $102.5M** (73.3%),$3.9M** followed(2.8%). by decreasingBuyersHouse Median Price are to increasingly 49 for houses willing and 42 to forpay units more in Q1to secure2017. A the strong ideal trend properties, has residential projects, which accounted for emergedshowing for the house high vendorlevel of discounting, demand and pivoting competition to 7.2% present above the within listing the market.approx. $20.0M** (14.3%), commercial price and $50,000indicating a sellers’ market. Units are following a similar trend, Currently the largest development 2008 2009 2010 2011 2012 2013 projects2014 which2015 contributed2016 $13.5M**2017 however slightly lower, sitting at 0.8%. This signifies that the Kogarah* underway is the Kogarah RSL Club Median rents have remained relatively stable, whereby houses have (9.6%), and lastly infrastructure property market has been skewed significantly towards a sellers market. mixed development ($83.0M**). The witnessed a slight increaseDerwent in median Valley rent Council to $635 and unitsCentral softening Highlands slightly Councilcontributing $3.9M**Southern (2.8%). Midlands Council Buyers are increasingly willing to pay more to secure the ideal properties, construction of two 11 storey buildings toAREA $480 overXXXXXX the past 12 months. Astute investors however are still benefiting will add a total of 220 apartments to the showing the high level of demand and competition present within the market. Currently the largest development fromVACANT low vacancy rates LAND of 1.2% andMARKET healthy rental yieldsCOMPARISON of 2.5% for houses Kogarah* unit market as well as and 3.8% for units. underway is the Kogarah RSL Club Median rents have remained relatively stable, whereby houses have construction of additional retail facilities $150,000 mixed development ($83.0M**). The witnessed a slight increase in median rent to $635 and units softening slightly constructionsuch asof two an RSL11 storey club buildingsdevelopment. toGEORGES $480 over$125,000 the past 12 RIVER months. Astute COUNCIL investors however GROWTHare still benefiting will add a total of 220 apartments to the st from low400 vacancy rates of 1.2% and healthy rental yields of 2.5% for$1,500,000 houses Kogarah*The unit main market residential as well asprojects for 1 half and 3.8%$100,000 for units. construction2017 ofinclude additional the Forestretail facilities Road residential development ($6.8M**), which will add 6 300 such as an RSL club development. GEORGES$75,000 RIVER COUNCIL GROWTH$1,000,000 townhouses and 1 dwelling; as well as the Bembridge Street apartmentsst 400200$50,000 $1,500,000 The main residential projects for 1 half 2017 include($5.8M**) the Forest which Roadwill add residential 23 apartments $500,000 to the market. The focus on mixed use $25,000 developmentMedian Price ($6.8M**), which will add 6 300100 Heading townhousesand residential and 1 dwelling; projects as well reflects as the high

Number of Sales $1,000,000 Vacant Land Median Price $0 the Bembridgeinterest Streetand demand apartments within the area. 2000 2008 2009 2010 2011 2012$0 2013 2014 2015 2016 2017^ ($5.8M**)*Kogarah which Development will addfigures 23encapsulate apartments aggregate development market Q4 Q1 Q2 Q3 Q4 Q1$500,000 to the market.conditions for Thethe following focus suburbs: on Kogarah,mixed Rockdale, use Carlton, Beverley Park, 100 2015 2016 Derwent2016 Valley2016 Council2016 2017Central HighlandsMedian Price Council HeadingBexley, Monterey,Southern Kogarah MidlandsBay. Council and residential**Total project valueprojects represents reflects the aggregate the estimate high value of all residential, Number of Sales commercial, industrial, and infrastructure projects scheduled to commence in the Source: APM Pricefinder, realestate.com.au, Real Estate Institute of Australia, Land Information System Tasmania. interestfirst and half of demand 2017. within the area. 0 House Unit Median House Price $0Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. *Kogarah Development figures encapsulate aggregate development market Q4 Q1 Q2 Q3 Q4 Q1 conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park, Bexley, Monterey, Kogarah Bay. 2015 2016 2016 2016 2016 2017 **Total project value represents the aggregate estimate value of all residential, commercial, industrial, and infrastructure projects scheduled to commence in the first half of 2017. House Unit Median House Price Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW OVERVIEW Kogarah is located 14km south of the Sydney CBD. This welcoming area is well known for its sporting history, DAYS ON MARKET OVERVIEWOVERVIEWpicturesque parks and foreshore, family- AVERAGE *IMAGE* OVERVIEWoriented lifestyle and diverse demographics and cultures. 70 KogarahHOUSE is KEYlocated FACTS 14km south Q2 of2017 the 6.5cm HIGH Sydney CBD. This welcoming area is Half Change from Last Year 60 wellMedian known Sale for Price: its sporting $215,000 history, Year 10.6cm WIDE picturesqueAnnual Growth parks: -4.9%* and foreshore, family- 50 *IMAGE* orientedAverageHouse lifestyle Days sales on and Market: diverse 65 demographics% Change between and cultures. First Listed Price andHouse Soldmedian Price: -0.8% 40 6.5cm HIGH Half Change from Last Year Year 64 66 65 63 65 House rents 30 10.6cm WIDE KEY FACTS UNIT* House sales 42 Median SaleUnit salesPrice : $785,000

Average Days Average Days on Market 20 AnnualHouse Areamedian Growth: 11% MARKET CONDITIONS Average Days on Market: 36 Unit median The Kogarah*10 property market witnessed a record-setting median house price% Change between First Listed Price House rents of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional and Sold Price: -0.1% Unit rents annual 0growth figures of 20.4% and 9.6% respectively. In comparison, houses Unit sales in the GeorgesQ1 2016 RiverQ2 Council 2016 areaQ3 2016 grew byQ4 15.2%2016 toQ1 $1,425,000 2017 Q2 2017 and units by MARKET14.1% to $738,000. CONDITIONS Kogarah* presentsHouse a unique opportunity, whereby their FUTURE DEVELOPMENTS** Unit median Thehouse Kogarah* price point property closely market mirrors witnessed that of a recordthe greater-setting LGA median area house however price with Kogarah* is set to see approx. ofthe $1,415,000 potential andof stronger $663,000 capital for units growth. in Q1 Combined2017, resulting with in record exceptional-setting median Unit rents$139.9M** of new projects commencing annualpricesSALES growthand positive figuresAND growth of 20.4%MEDIAN trend, and 9.6%Kogarah* respectively. PRICEis a sought In comparison, after market houses by buyers . in the area. Mixed use development in the Georges River Council area grew by 15.2% to $1,425,000 and units by FUTUREaccounted DEVELOPMENTS** for the majority of estimated 14.1%Average 45to $738,000. days to sell Kogarah* in Kogarah* presents have a unique improved opportunity, over the whereby past 12 their months, value at $102.5M**$250,000 (73.3%), followed by house price point closely mirrors that of the greater LGA area however with decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has Kogarah*residential is set to seeprojects, approx. which accounted for the potential of stronger capital growth. Combined with record-setting median emerged40 for house vendor discounting, pivoting to 7.2% above the listing $139.9M**approx. of new $20.0M** projects (14.3%), commencing commercial prices and positive growth trend, Kogarah* is a sought after market by buyers. price and indicating a sellers’ market. Units are following a similar trend, in the area.projects Mixed which use developmentcontributed $13.5M** however slightly lower, sitting at 0.8%. This signifies that the Kogarah* accounted(9.6%), for the and majority lastly infrastructure$200,000of estimated Average35 days to sell in Kogarah* have improved over the past 12 months, property market has been skewed significantly towards a sellers market. value atcontributing $102.5M** (73.3%),$3.9M** followed(2.8%). by decreasingBuyers are to increasingly 49 for houses willing and 42 to forpay units more in Q1to secure2017. A the strong ideal trend properties, has residential projects, which accounted for emerged for house vendor discounting, pivoting to 7.2% above the listing showing30 the high level of demand and competition present within the market.approx.Currently $20.0M** the(14.3%), largest commercial development price and indicating a sellers’ market. Units are following a similar trend, projects which contributed $13.5M** however slightly lower, sitting at 0.8%. This signifies that the Kogarah* underway is the Kogarah$150,000 RSL Club Median rents have remained relatively stable, whereby houses have (9.6%), and lastly infrastructure property25 market has been skewed significantly towards a sellers market. mixed development ($83.0M**). The witnessed a slight increase in median rent to $635 and units softening slightlycontributing $3.9M** (2.8%). Buyers are increasingly willing to pay more to secure the ideal properties, construction of two 11 storey buildings to $480 over the past 12 months. Astute investors however are still benefiting showing the high level of demand and competition present within the market. 41 will add a total of 220 apartments to the from low20 vacancy rates of 1.2% and healthy rental yields of 2.5% for houses Currently the largest development Kogarah* unit market$100,000 as well as and 3.8% for units. underway is the Kogarah RSL Club Median Price Median rents have remained relatively stable, whereby houses have mixed developmentconstruction ($83.0M**).of additional The retail facilities

Number of Sales 15 witnessed a slight increase in median rent to $635 and units softening slightly constructionsuch asof two an RSL11 storey club buildingsdevelopment. 26 toGEORGES $480 over the past 12 RIVER months. Astute COUNCIL investors however GROWTHare still benefiting will add a total of 220 apartments to the from low10 vacancy rates of 1.2% and healthy rental21 yields of 2.5% for houses The main residential projects for 1st half 400 21 24 $1,500,000 Kogarah* unit20 market as well$50,000 as and 3.8% for units. construction2017 ofinclude additional the Forestretail facilities Road residential 13 development ($6.8M**), which will add 6 3005 such as an RSL club development. GEORGES RIVER COUNCIL 8GROWTH$1,000,000 townhouses and 1 dwelling; as well as 3 5 4 the Bembridge0 Street apartmentsst 400200 $1,500,000 The main residential projects for 1 half 0 2017 include($5.8M**) the Forest which Roadwill$0 add residential 23 apartments Q1 2016 Q2 2016 Q3 2016 Q4 2016$500,000 Q1 2017 to theQ2 market. 2017 The focus on mixed use developmentMedian Price ($6.8M**), which will add 6 300100 Heading townhousesand residential and 1 dwelling; projects as well reflects as the high Number of Sales House Sales Vacant Land Sales Median$1,000,000 House Price Median Vacant Land Price the Bembridgeinterest Streetand demand apartments within the area. 2000 $0 *Annual growth represents price growth for property transactions between Q1 2016 to Q2 2017 (inclusive). ($5.8M**)*Kogarah which Development will addfigures 23encapsulate apartments aggregate development market **Data quotedQ4 for vacant landQ1 are based onQ2 Q1 2017 salesQ3 and are toQ4 be taken as Q1an approximate$500,000 only, due to absenceto of thesale transactionsmarket.conditions for in Thethe Q2 following 2017. focus suburbs: on Kogarah,mixed Rockdale, use Carlton, Beverley Park, 100***Dashed line2015 in median line2016 price graph2016 is due to no2016 sales records2016 for that period2017 of time and median price displayedMedian Price is approximateHeadingBexley, onl Monterey,y based Kogarahon previous Bay. known median price and trend. and residential**Total project valueprojects represents reflects the aggregate the estimate high value of all residential, Number of Sales Source: APM Pricefinder, realestate.com.au, SQM Research, Real Estate Institute of Tasmania, Derwent Valley City Council, Landcommercial, Information industrial, System and Tasmania infrastructure. projects scheduled to commence in the interestfirst and half of demand 2017. within the area. 0 House Unit Median House Price $0Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. *Kogarah Development figures encapsulate aggregate development market Q4 Q1 Q2 Q3 Q4 Q1 conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park, Bexley, Monterey, Kogarah Bay. 2015 2016 2016 2016 2016 2017 **Total project value represents the aggregate estimate value of all residential, commercial, industrial, and infrastructure projects scheduled to commence in the first half of 2017. House Unit Median House Price Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW OVERVIEW Kogarah is located 14km south of the Sydney CBD. This welcoming area is well known for its sporting history, OVERVIEWpicturesque parks and foreshore, family- RENTAL MARKET*IMAGE* ANALYSIS OVERVIEWoriented lifestyle and diverse demographics and cultures. HOUSE UNIT KogarahHOUSE is located KEY FACTS14km south Q2 of 2017the 6.5cm HIGH Sydney CBD. This welcoming area is Half Change from Last Year wellMedian known Rent for its Price: sporting $290 history, per week Year 10.6cm WIDE picturesqueSuburb Rental parks Yield: and foreshore, 5.9% family- 2*IMAGE* Bedroom 1 Bedroom orientedAverageHouse lifestyle Days sales andon Market: diverse 26 Bedroom Breakdown: 3 Bedroom 2 Bedroom demographics and cultures. 2 Bed:House 35.3%,median 3 Bed: 64.7%, 4+ Bed: 6.5cm HIGH Half 4+ Bedroom 3+ Bedroom Change0% from Last Year Year 10.6cm WIDE House rents HouseUNITS sales KEY FACTS Q2 2017 KEY COMMENTS Unit sales The New Norfolk market recorded 215 online views per property. The House median MARKEThouse rental market sawCONDITIONS rents peak in Q2 2017 to $290pw and days on Median Rent Price: $180 per week Unit median Themarket Kogarah* improved property to 26. Thesemarket results, witnessed combined a record with- asetting tight vacancy median house price Suburb Rental Yield: 7.8% HouseAverage rents Days on Market: 31 ofrate $1,415,000 of 0.7%, further and $663,000 boost investor for units security. in Q1 Both 2017, the resulting house and in unitexceptional Overview BedroomUnit rentsBreakdown: annualmarkets growth present figures sustainable of 20.4% attractive and 9.6% investment respectively. opportunities, In comparison, with houses astute investors benefiting from exceptional rental yields of 5.9% and Unit1 Bed:sales 0%, 2 Bed: 66.7%, 3+ Bed: in the Georges River Council area grew by 15.2% to $1,425,000 and units by 33.3% MARKET14.1%7.8% respectively.to $738,000. CONDITIONS Kogarah* presents a unique opportunity, whereby their FUTURE DEVELOPMENTS** Unit median Thehouse Kogarah* price point property closely market mirrors witnessed that of a recordthe greater-setting LGA median area house however price with Kogarah* is set to see approx. ofthe $1,415,000 potential andof stronger $663,000 capital for units growth. in Q1 Combined2017, resulting with in record exceptional-setting median Unit rents$139.9M** of new projects commencing annualMEDIANprices growthand positive figuresRENT growth of 20.4% trend, andAND 9.6%Kogarah* respectively.AVERAGE is a sought In comparison, after marketDAYS houses by buyers ON. MARKETin the area. Mixed use development in the Georges River Council area grew by 15.2% to $1,425,000 and units by accounted for the majority of estimated 30 FUTURE DEVELOPMENTS**350 14.1%Average to $738,000. days to sell Kogarah* in Kogarah* presents have a unique improved opportunity, over the whereby past 12 their months, value at $102.5M** (73.3%), followed by house price point closely mirrors that of the greater LGA area however with decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has Kogarah*residential is set to seeprojects, approx. which accounted for the potential of stronger capital growth. Combined with record-setting median emerged for house vendor discounting, pivoting to 7.2% above the listing $139.9M**approx. of new $20.0M** projects (14.3%), commencing commercial prices and positive growth trend, Kogarah* is a sought after market by buyers. in the area. Mixed use development300 price25 and indicating a sellers’ market. Units are following a similar trend, projects which contributed $13.5M** however slightly lower, sitting at 0.8%. This signifies that the Kogarah* accounted(9.6%), for the and majority lastly infrastructureof estimated Average days to sell in Kogarah* have improved over the past 12 months, property market has been skewed significantly towards a sellers market. value atcontributing $102.5M** (73.3%),$3.9M** followed(2.8%). by decreasingBuyers are to increasingly 49 for houses willing and 42 to forpay units more in Q1to secure2017. A the strong ideal trend properties, has residential projects, which accounted250 for emerged for house vendor discounting, pivoting to 7.2% above the listing showing20 the high level of demand and competition present within the market.approx. $20.0M** (14.3%), commercial price and indicating a sellers’ market. Units are following a similar trend, Currently the largest development projectsunderway which contributed is the Kogarah $13.5M** RSL Club however slightly lower, sitting at 0.8%. This signifies that the Kogarah* (9.6%), and lastly infrastructure Median rents have remained relatively stable, whereby houses have mixed development ($83.0M**).200 The property market has been skewed significantly towards a sellers market. contributing $3.9M** (2.8%). witnessed a slight increase in median rent to $635 and units softening slightly construction of two 11 storey buildings Buyers15 are increasingly willing to pay more to secure the ideal properties, to $480 over the past 12 months. Astute investors however are still benefiting will add a total of 220 apartments to the showing the high28 level of demand and competition present within the market. Currently the largest development from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses Kogarah* unit market as150 well as and 3.8% for units. underway is the Kogarah RSL Club Median rents have remained relatively stable, whereby houses have mixed developmentconstruction ($83.0M**).of additional The retail facilities 21 witnessed10 a slight increase in median20 rent to $635 and units softening slightly constructionsuch asof two an RSL11 storey club buildingsdevelopment. toGEORGES $480 over the past 12 RIVER months. Astute COUNCIL investors however GROWTHare still benefiting will add a total of 17220 apartments100 to the Number of Rentals 16 st from low400 vacancy rates of 1.2% and healthy rental yields of 2.5% for$1,500,000 houses Kogarah*The unit main market residential as well asprojects for 1 half and 3.8% for units. 122017 include the Forest Road residential

construction of additional retail facilities Days Market /onRent Average ($)Median 5 such asdevelopment an RSL club development.($6.8M**), which will add 6 300 8 50 GEORGES RIVER COUNCIL7 GROWTH$1,000,0006 townhouses and 1 dwelling; as well as the Bembridge Street apartmentsst 400200 3 $1,500,000 The main residential projects3 for 1 half 3 ($5.8M**) which will add 23 apartments 0 2017 include the Forest Road residential0 $500,000 to the market. The focus on mixed use developmentMedian Price ($6.8M**), which will add 6 300100 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 HeadingQ2 2017 townhousesHeadingand residential and 1 dwelling; projects as well reflects as the high

Number of Sales $1,000,000 House Unit the BembridgeHouseinterest Average Streetand demand Daysapartments within the area. 2000 $0 Unit Average Days Median House Rent ($5.8M**)Median*Kogarah which Development Unit will Rent addfigures 23encapsulate apartments aggregate development market Q4 Q1 Q2 Q3 Q4 Q1$500,000 to the market.conditions for Thethe following focus suburbs: on Kogarah,mixed Rockdale, use Carlton, Beverley Park, 100 2015 2016 2016 2016 2016 2017 Median Price HeadingBexley, Monterey, Kogarah Bay. and residential**Total project valueprojects represents reflects the aggregate the estimate high value of all residential, Number of Sales Source: APM Pricefinder, realestate.com.au, SQM Research. commercial, industrial, and infrastructure projects scheduled to commence in the interestfirst and half of demand 2017. within the area. 0 House Unit Median House Price $0Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. *Kogarah Development figures encapsulate aggregate development market Q4 Q1 Q2 Q3 Q4 Q1 conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park, Bexley, Monterey, Kogarah Bay. 2015 2016 2016 2016 2016 2017 **Total project value represents the aggregate estimate value of all residential, commercial, industrial, and infrastructure projects scheduled to commence in the first half of 2017. House Unit Median House Price Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW OVERVIEW Kogarah is located 14km south of the Sydney CBD. This welcoming area is well known for its sporting history, PROJECT DEVELOPMENT MAP 2017* OVERVIEWpicturesque parks and foreshore, family- *IMAGE* OVERVIEWoriented lifestyle and diverse demographics and cultures. Kogarah is located 14km south of the3.8% 6.5cm HIGH Sydney CBD. This welcoming area is Half Change from Last Year well known for its sporting history, Year 28.7% 10.6cm WIDE picturesque parks and foreshore, family- *IMAGE* orientedHouse lifestyle sales and diverse demographics and cultures. House median 6.5cm HIGH 67.4% Half Change from Last Year Year 10.6cm WIDE House rents House sales Commercial Infrastructure Residential Unit sales MARKET CONDITIONS House median Unit median The Kogarah* property market witnessed a record-setting median house price House rents of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional Unit rents annual growth figures of 20.4% and 9.6% respectively. In comparison, houses Unit sales in the Georges River Council area grew by NEW15.2% to $1,425,000NORFOLK and units by MARKET14.1% to $738,000. CONDITIONS Kogarah* presents a unique opportunity, whereby their FUTURE DEVELOPMENTS** Unit median Thehouse Kogarah* price point property closely market mirrors witnessed that of a recordthe greater-setting LGA median area house however price with Kogarah* is set to see approx. ofthe $1,415,000 potential andof stronger $663,000 capital for units growth. in Q1 Combined2017, resulting with in record exceptional-setting median Unit rents$139.9M** of new projects commencing annualprices growthand positive figures growth of 20.4% trend, and 9.6%Kogarah* respectively. is a sought In comparison, after market houses by buyers . in the area. Mixed use development in the Georges River4.3% Council area grew by 15.2% to $1,425,000 and units by FUTUREaccounted DEVELOPMENTS** for the majority of estimated 14.1%Average to $738,000. days to sell Kogarah* in Kogarah* presents have a unique improved opportunity, over the whereby past 12 their months, value at $102.5M** (73.3%), followed by house price point closely mirrors that of the greater LGA area however with decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has Kogarah*residential is set to seeprojects, approx. which accounted for the potential of stronger capital growth. Combined with record-setting median emerged for house vendor discounting, pivoting to 7.2% above the listing $139.9M**approx. of new $20.0M** projects (14.3%), commencing commercial prices and positive growth trend, Kogarah* is a sought after market by buyers. price and indicating a sellers’ market. Units are following a similar trend, in the area.projects Mixed which use developmentcontributed $13.5M** however slightly lower, sitting at 0.8%. This signifies that the Kogarah* accounted(9.6%), for the and majority lastly infrastructureof estimated Average days to sell in Kogarah* have improved over the past 12 months, property market has been skewed significantly towards a sellers market. value atcontributing $102.5M** (73.3%),$3.9M** followed(2.8%). by decreasingBuyers are to increasingly 49 for houses willing and 42 to forpay units more in Q1to secure2017. A the strong ideal trend properties, has residential projects, which accounted for emerged for house vendor95.7% discounting, pivoting to 7.2% above the listing showing the high level of demand and competition present within the market.approx.Currently $20.0M** the(14.3%), largest commercial development price and indicating a sellers’ market. Units are following a similar trend, projects which contributed $13.5M** however slightly lower, sitting at 0.8%. This signifies that the Kogarah* underway is the Kogarah RSL Club Median rents have remained relatively stable, whereby houses have (9.6%), and lastly infrastructure property market has been skewed significantly towards a sellers market. mixed development ($83.0M**). The witnessed a slight increase in median rent to $635 and units softening slightlycontributing $3.9M** (2.8%). Buyers areInfrastructure increasingly willingResidential to pay more to secure the ideal properties, construction of two 11 storey buildings to $480 over the past 12 months. Astute investors however are still benefiting will add a total of 220 apartments to the showing the high level of demand and competition present within the market. Currently the largest development from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses Kogarah* unit market as well as and 3.8% for units. underway is the Kogarah RSL Club Median rents have remained relatively stable, whereby houses have mixed developmentconstruction ($83.0M**).of additional The retail facilities such as an RSL clubCommence development. witnessedLocation a slight increase in medianProject rentTitle to $635 and units softeningType slightly constructionEstimated of Value** two 11 storey buildings Date*** toGEORGES $480 over the past 12 RIVER months. Astute COUNCIL investors however GROWTHare still benefiting will add a total of 220 apartments to the st from low4001 vacancy rates ofBennetts 1.2% andService healthy Station rental yields of 2.5% forCommercial$1,500,000 houses Kogarah*The$400,000 unit main market residential as well10/12/2017 asprojects for 1 half and 3.8% for units. construction2017 ofinclude additional the Forestretail facilities Road residential 2 New Norfolk Structure Plan Infrastructure $5,000,000development ($6.8M**),12/15/2017 which will add 6 300 such as an RSL club development. GEORGES3 Derwent RIVER Valley Council COUNCIL Road Reseal Program GROWTHInfrastructure$1,000,000 townhouses$800,000 and 1 dwelling;4/24/2017 as well as The mainthe residential Bembridge projectsStreet for apartments 1st half 4002004 Derwent Valley Council Road Renewal Program $1,500,000Infrastructure $750,000 4/24/2017 2017 include($5.8M**) the Forest which Roadwill add residential 23 apartments $500,000 to the market. The focus on mixed use developmentMedian Price ($6.8M**), which will add 6 3001005 New Norfolk High School Infrastructure $345,000Heading 03/07/2017 townhousesand residential and 1 dwelling; projects as well reflects as the high Number of Sales 6 Stephen Street & George Street Road Upgrade $1,000,000Infrastructure $150,000 3/25/2017 the Bembridgeinterest Streetand demand apartments within the area. 2000 $0 7 Montagu Street Dwellings (11 units) Residential ($5.8M**)*Kogarah$3,000,000 which Development will addfigures 23encapsulate apartments12/01/2017 aggregate development market Q4 Q1 Q2 Q3 Q4 Q1 conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park, *Disclaimer: Project map includes development projects to commence construction from 01/01/2017$500,000 – 31/12/2017. The Derwentto the Valley market. Line Redevelopment, The focus scheduled on mixed to commence use Median Price Bexley, Monterey, Kogarah Bay. 100 2015 2016 2016 2016 2016 2017 th Heading construction in 2017, has been postponed to 2019. This is based on updated information from the relevant data authority, onand 19 residentialJuly**Total 2017. project valueprojects represents reflects the aggregate the estimate high value of all residential, **Number of EstimatedSales value is the construction costs provided by relevant data authority, it does not reflect the project’s sale/commercial value.commercial, industrial, and infrastructure projects scheduled to commence in the ***Commencement dates quoted for each project is approximate only, as provided by the relevant data authority. interestfirst and half of demand 2017. within the area. Source:0 CordellHouse Database, PRDnationwide,Unit ESRI ArcGIS.Median House Price $0Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. *Kogarah Development figures encapsulate aggregate development market Q4 Q1 Q2 Q3 Q4 Q1 conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park, Bexley, Monterey, Kogarah Bay. 2015 2016 2016 2016 2016 2017 **Total project value represents the aggregate estimate value of all residential, commercial, industrial, and infrastructure projects scheduled to commence in the first half of 2017. House Unit Median House Price Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. OVERVIEW OVERVIEW Kogarah is located 14km south of the Sydney CBD. This welcoming area is ABOUT PRDnationwide RESEARCH well known for its sporting history, OVERVIEWpicturesque parks and foreshore, family- PRDnationwide’s research division*IMAGE*provides reliable, unbiased, and OVERVIEWoriented lifestyle and diverse authoritative property research and consultancy to clients in metro demographics and cultures. and regional locations across Australia Kogarah is located 14km south of the 6.5cm HIGH Sydney CBD. This welcoming area is Half Change from Last Year Our extensive research capability and specialised approach ensures our well known for its sporting history, Year clients can make the most informed10.6cm and financially WIDE sounds decisions picturesque parks and foreshore, family- about residential and commercial*IMAGE* properties. orientedHouse lifestyle sales and diverse demographics and cultures. House median OUR KNOWLEDGE6.5cm HIGH Half Change from Last Year Access to accurate and objective research is the foundation of all Year good property decisions10.6cm WIDE House rents House sales As the first and only truly knowledge based property services company, Unit sales PRDnationwideMARKET shares CONDITIONS experience and knowledge to deliver innovative House median and effective solutions to our clients. Unit median The Kogarah* property market witnessed a record-setting median house price House rents Weof $1,415,000have a unique and approach $663,000 that for integrates units in Q1 people, 2017, experience, resulting in systems exceptional Unit rents andannual technology growth tofigures create of meaningful 20.4% and business 9.6% respectively. connections InWe comparison, focus on houses Unit sales understandingin the Georges new River issues Council impacting area thegrew property by 15.2% industry; to $1,425,000 such as the and units by environmentMARKET14.1% to $738,000. and sustainability, CONDITIONS Kogarah* the presents economy, a unique demographic opportunity, and whereby their FUTURE DEVELOPMENTS** OURUnit medianSERVICES INCLUDE: psychographicThehouse Kogarah* price point property shifts, closely commercial market mirrors witnessed and that residential of a recordthe greater -design;setting LGA medianand area forecast house however price with Kogarah* is set to see approx. futureofthe $1,415,000 potential implications andof stronger $663,000around suchcapital for unitsissues growth. in basedQ1 Combined2017, on historicalresulting with in datarecord exceptional and-setting fact. median• Advisory and consultancy Unit rents$139.9M** of new projects commencing annualprices growthand positive figures growth of 20.4% trend, and 9.6%Kogarah* respectively. is a sought In comparison, after market houses by buyers . in the area. Mixed use development in the Georges River Council area grew by 15.2% to $1,425,000 and units by • Market Analysis including profiling OUR PEOPLE FUTUREand trendsaccounted DEVELOPMENTS** for the majority of estimated 14.1%Average to $738,000. days to sell Kogarah* in Kogarah* presents have a unique improved opportunity, over the whereby past 12 their months, value at $102.5M** (73.3%), followed by Ourhouse research price point team closely is made mirrors up thatof highly of the greaterqualified LGA researchers area however who with decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has• Kogarah*Primaryresidential isqualitative set to seeprojects, and approx. which accounted for focusthe potential solely of on stronger property capital analysis growth. 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Skilledprice and in deriving indicating macro a sellers’ and micro market. quantitative Units are information following from a similar multiple trend, in the area.projects Mixed which use developmentcontributed $13.5M** • Demographic and target market crediblehowever sources, slightly we lower, partner sitting with at clients 0.8%. to This provide signifies strategic that advicethe Kogarah* and accounted(9.6%), for the and majority lastly infrastructureof estimated Average days to sell in Kogarah* have improved over the past 12 months, Analysis directionproperty regarding market has property been andskewed market significantly performance. towards We have a sellers the market. value atcontributing $102.5M** (73.3%),$3.9M** followed(2.8%). by decreasing to 49 for houses and 42 for units in Q1 2017. A strong trend has residential projects, which accounted for addedBuyers advantage are increasingly of sourcing willing valuable to pay and more factual to secure qualitative the idealmarket properties, • Geographic information mapping researchemergedshowing infor the order house high to vendorlevel ensure of discounting, demandour solutions and pivoting arecompetition the to most 7.2% presentwell above considered the within listing the market.approx. $20.0M** (14.3%), commercial price and indicating a sellers’ market. Units are following a similar trend, Currently the largest development and financially viable. • projectsProjectunderway which Analysis contributed isincluding the Kogarah $13.5M** product RSL Club however slightly lower, sitting at 0.8%. This signifies that the Kogarah* (9.6%),Tracey and McDonald lastly infrastructure Median rents have remained relatively stable, whereby houses have andSales pricingmixed Manager recommendationsdevelopment & Licensed ($83.0M**). Real The Ourproperty experts market are hashighly been sought skewed after significantly consultants towards for both a corporatesellers market. and contributing $3.9M** (2.8%). witnessed a slight increase in median rent to $635 and units softening slightly Estateconstruction Agent, PRDnationwide of two 11 storey Dapto buildings governmentBuyers are increasingly bodies and willingtheir advice to pay has more helped to secure steer the the ideal direction properties, of a • Rental and investment return AREAto $480 overXXXXXX the past 12 months. AstuteAREA investorsXXXXXX however are still benefiting will add a total of 220 apartments to the numbershowing ofthe property high level developments of demand and and competition secured successful present within outcomes the market. for Currentlyanalysis the largest development from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses Kogarah* unit market as well as our clients. underway is the Kogarah RSL Club and 3.8% for units. AndrewT +61 Hills 2 4261 0333 Median rents have remained relatively stable, whereby houses have mixed developmentconstruction ($83.0M**).of additional The retail facilities SeniorF +61Sales 2 4262Consultant 1558 witnessed a slight increase in median rent to $635 and units softening slightly constructionsuch asof two an RSL11 storey club buildingsdevelopment. M +61 404 033 533 OURtoGEORGES $480 overSERVICES the past 12 RIVER months. Astute COUNCIL investors however GROWTHare still benefiting PRDnationwidewill add a total of New 220 Norfolk apartments to the 12 HighE [email protected] StreetThe main residential projects for 1st half Ourfrom researchlow400 vacancy services rates of span 1.2% over and everyhealthy suburb, rental yields LGA, of and 2.5% state for$1,500,000 houseswithin Kogarah* unit market as well as New Norfolk TAS 7140 Australia;and 3.8% for captured units. in a variety of standard and customized products construction2017 ofinclude additional the Forestretail facilities Road residential Australia1/66development Princes Highway ($6.8M**), which will add 6 300 suchDapto as an NSW RSL 2530club development. T +61 3 townhouses6261 2555 and 1 dwelling; as well as WeGEORGES have the ability and RIVER systems to COUNCIL monitor market movements, GROWTH $1,000,000 Australia demographic changes and property trends. We use our knowledge of F +61 3 the6261 Bembridge 4455 Street apartmentsst 400200 $1,500,000 The main residential projects for 1 half M +61 407($5.8M**) 686 488 which will add 23 apartments market sizes, price structure and buyer profiles to identify opportunities 2017www.prdnationwide.com.au/dapto include the Forest Road residential $500,000 E [email protected] the market. The focus on mixed use for clients and provide market knowledge that is unbiased, thorough and developmentMedian Price ($6.8M**), which will add 6 300100 Heading reliable. www.prd.com.au/HobarttownhousesHeadingand residential and 1 dwelling; projects as well reflects as the high Number of Sales $1,000,000 the Bembridgeinterest Streetand demand apartments within the area. 2000 $0 ($5.8M**)*Kogarah which Development will addfigures 23encapsulate apartments aggregate development market Q4 Q1 Q2 Q3 Q4 Q1$500,000 to the market.conditions for Thethe following focus suburbs: on Kogarah,mixed Rockdale, use Carlton, Beverley Park, PRDnationwide100 does2015 not give any2016 warranty2016 in relation to2016 the accuracy2016 of the information2017 contained in thisMedian Price report. If you intendHeadingBexley, to relyMonterey, upon Kogarah the information Bay. contained herein, you must take note that the Information, figures and projections have been provided by various sources andand have residential not**Total been projectverified valueprojects byrepresents us. Wereflects the have aggregate no the belief estimate high one value of all residential, way Number of Sales or the other in relation to the accuracy of such information, figures and projections. PRDnationwide will not be liable forcommercial, any loss industrial, or damage and infrastructureresulting from projects any scheduled to commence in the statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRDnationwide Research © All medians and volumes are calculated by PRDnationwide Research. Use with written permission only. All other responsibilities disclaimed.interestfirst ©and half 2017 of demand 2017. within the area. 0 House Unit Median House Price $0Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. *Kogarah Development figures encapsulate aggregate development market Q4 Q1 Q2 Q3 Q4 Q1 conditions for the following suburbs: Kogarah, Rockdale, Carlton, Beverley Park, Bexley, Monterey, Kogarah Bay. 2015 2016 2016 2016 2016 2017 **Total project value represents the aggregate estimate value of all residential, commercial, industrial, and infrastructure projects scheduled to commence in the first half of 2017. House Unit Median House Price Median Unit Price Source: Cordell Database., RealEstate.com.au, APM Pricefinder. Nundah 2nd Half 2017 final.pdf 2 27/07/2017 2:20 PM

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