Bundaberg & Bargara

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 witnessedthat ofa record the greater-setting LGA median area house however price with M Kogarah* is set to see approx. ofthe $1,415,000 potential andof stronger $663,000capital for units growth. in Q1 Combined2017, resulting with inrecord 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 housesby 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 andthat 42 of for the units greater in Q1 LGA 2017. area however A strong withtrend 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 infrastructure of 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 secure 2017. 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 howeverGROWTH are 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 BembridgeinterestStreet and demand apartments within the area. 200 0 $0 ($5.8M**) which will add 23 apartments Bundaberg & Bargara *Kogarah Development figures encapsulate aggregate development market Q4 Q1 Q2 Q3 Q4 Q1$500,000 to the market.conditions for The the 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 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. BUNDABERG BUNDABERG

OVERVIEW VENDOR DISCOUNT* AVERAGE VENDOR DISCOUNT The Bundaberg region is situated AVERAGE approximately four hours drive and only a House Unit Average vendor discount reflects the average percentage difference 45 minute flight north of Queensland's 0.0% capital, Brisbane. In the 2016 ABS between first listed price and final sold *IMAGE* Census, the population in Bundaberg is price. A lower percentage difference -2.0% approximately 43,702 and the median age - 3.3% (closer to zero) suggests buyers are

6.5cm HIGH of people in Bundaberg was 42 years old. - 5.1% willing to purchase close to the first - 5.7% - 5.7% - 6.1% - 6.1% - 6.2% - 6.4% - 6.5% -4.0% - 6.6% asking price of a property.

Half - 7.8% 10.6cm WIDE Change from Last Year

Year - 9.7% -6.0% MARKET COMPARISON GRAPH

which involves the widening of 15.6km House Price Median demand in the unit market due to the recent price softening. narrow pavement to PBS 4 standard. This $0 will improve liveability for current and future Over the past 12 months to Q3 2017, weekly median rent has softened to 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017** Bundaberg* residents. $290 per week for houses and to $240 per week for units. The average days Bundaberg Regional Gladstone Regional North Burnett Regional Fraser Coast Regional on rental market in Q3 2017 has improved for both property types to 29 Indigenous Wellbeing Centre Stage 2 is the days for houses and 32 for units, demonstrating a strong rental demand. main commercial project ($10.0M**). It UNITAREA XXXXXXMARKET COMPARISONAREA XXXXXX Combined with high rental yields of 5.5% for houses and 4.6% for units, as includes construction of new two-storey well as low vacancy rates of 1.3% within the 4670 postcode, Bundaberg* is building which consists of allied health, $500,000 a strong rental market for astute investors in the long run. community, cultural and welling being services, rehabilitation service, gymnasium, $400,000 BUNDABERG REGIONAL GROWTH and four health related retail tenancies as 600 $400,000 well as car parking for 68 vehicles. $300,000 Commercial activity in the region balances $300,000 out increasing residential demand, which is $200,000 400 conducive for future economic growth $200,000 $100,000 Unit Unit MedianPrice 200 Kepnock Road 144 Lot Subdivision Stages

$100,000 MedianPrice 1-14 is the main residential project $0 Number of of Sales Number ($5.8M**) which involves reconfiguration 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017** 0 $0 into 144Heading lots and construction of 330m new Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 road. The project is due to commence Bundaberg Regional Gladstone Regional North Burnett Regional Fraser Coast Regional House Unit Vacant Land construction in December 2017. *Average vendor discount reflects aggregate property sales data from the following suburbs: Avenell Heights, Avoca, Alloway, Ashfield, Branyan, Bucca, Bullyard, Bundaberg East, Median House Price Median Unit Price Median Land Price Bundaberg North, Bundaberg West, Bundaberg South, Coonarr, Gooburrum, Kalkie, Kepnock, Millbank, Norville, Qunaba, Rubyanna, Sharon, South Kolan, Svensson Heights, Thabeban, Walkervale, Windermere and Woongarra. *Bundaberg property data encapsulates aggregate property sales from the following suburbs: Avenell Heights, Avoca, Alloway, Ashfield, Branyan, Bucca, Bullyard, Bundaberg East, Bundaberg North, Bundaberg West, Bundaberg **2017 represents sales transactions from 01/01/2017 to 30/09/2017 (end of Q3 2017). South, Coonarr, Gooburrum, Kalkie, Kepnock, Millbank, Norville, Qunaba, Rubyanna, Sharon, South Kolan, Svensson Heights, Thabeban, Walkervale, Windermere and Woongarra. Source: APM PriceFinder. **Estimated values are based on construction value provided by the relevant data authority and does not reflect commercial and/or re-sale value. Quoted construction dates are estimate only, as per relevant data authority. Source: APM PriceFinder, Cordell Database, realesteate.com.au, Bundaberg Regional Council. BUNDABERG BUNDABERG

6.5cm HIGH of people in Bundaberg was 42 years old. - 5.1% willing to purchase close to the first - 5.7% - 5.7% - 6.1% - 6.1% - 6.2% - 6.4% - 6.5% -4.0% - 6.6% asking price of a property.

Half - 7.8% 10.6cm WIDE Change from Last Year

Year - 9.7% -6.0% MARKET COMPARISON GRAPH

House Sales Price TheKEY market FACTS comparison UNIT graph provides comparative trend for median price of House Median Price -8.0% house and units over the past 10 years. Regions profiled are chosen based on House Median Rent -10.0% proximity to the main LGA analysed in Change from Listing to Listing to Change from Sale MARKET CONDITIONS Unit Sales the factsheet, which is Bundaberg. The Bundaberg regional area recorded a median house price of $293,000 -12.0% main LGA is highlighted through a dotted Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 (+1.0% annual growth) and median unit price of $254,950 (-1.8% annual Unit Median Price Overview black line graph. growth) in Q3 2017. Bundaberg* recorded a lower median house price of 2017*** $259,750 (+2.7% growth) and $240,000 for units (-7.3% growth). That said, Unit Median Rent median house price in Bundaberg* is reflective of sales in the higher end of the price scale. The housing market in Bundaberg* offers a unique FUTURE DEVELOPMENTS HOUSE MARKET COMPARISON combination of being more affordable yet with higher capital growth, an SALES AND MEDIAN PRICE attractive option for both owner occupiers and investors. The unit market in Project developments in the 2nd Half of $500,000 both Bundaberg regional area and Bundaberg* is currently softening, 2017 in Bundaberg* are valued at approx. suggesting now is the time for first home buyers to enter the market. $63.0M**. A majority of this (41.7%) will be $400,000 invested in infrastructure, followed by Average vendor discount over the past 12 months to Q3 2017 has widened commercial (31.9%), residential (22.9%), $300,000 to -6.5% for houses while units vendor discount has tightened to -3.3%. This and industrial (3.4%) developments. suggests that buyers are willing to offer closer to unit’s first selling price. $200,000 Average days on market for sales has increased to 82 days for houses and Carnavon Highway – North of Injune has significantly improved to 76 days for units, which further confirms higher ($12.0M**) is a key infrastructure project, $100,000 which involves the widening of 15.6km House Price Median demand in the unit market due to the recent price softening. narrow pavement to PBS 4 standard. This $0 will improve liveability for current and future Over the past 12 months to Q3 2017, weekly median rent has softened to 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017** Bundaberg* residents. $290 per week for houses and to $240 per week for units. The average days Bundaberg Regional Gladstone Regional North Burnett Regional Fraser Coast Regional on rental market in Q3 2017 has improved for both property types to 29 Indigenous Wellbeing Centre Stage 2 is the days for houses and 32 for units, demonstrating a strong rental demand. main commercial project ($10.0M**). It UNITAREA XXXXXXMARKET COMPARISONAREA XXXXXX Combined with high rental yields of 5.5% for houses and 4.6% for units, as includes construction of new two-storey well as low vacancy rates of 1.3% within the 4670 postcode, Bundaberg* is building which consists of allied health, $500,000 a strong rental market for astute investors in the long run. community, cultural and welling being services, rehabilitation service, gymnasium, $400,000 BUNDABERG REGIONAL GROWTH and four health related retail tenancies as 600 $400,000 well as car parking for 68 vehicles. $300,000 Commercial activity in the region balances $300,000 out increasing residential demand, which is $200,000 400 conducive for future economic growth $200,000 $100,000 Unit Unit MedianPrice 200 Kepnock Road 144 Lot Subdivision Stages

BUNDABERG DAYS ON MARKET* RENTAL MARKET ANALYSIS* HOUSE KEY FACTS Q3 2017 HOUSE KEY FACTS Q3 2017 200 HOUSE UNIT 180 Median Sale Price: $259,750 Median Rent Price: $290 per week Annual Growth: +2.7%** 160 1 Bedroom Suburb Rental Yield: 5.5% Average Days on Market: 82 2 Bedroom Average Days on Market: 29 140 % Change between First Listed Price 3 Bedroom 2 Bedroom Bedroom Breakdown: 120 and Sold Price: -6.5% 2 Bed: 12%, 3 Bed: 55%, 4+ Bed: 33% 4+ Bedroom 3+ Bedroom 100 128 182 80 UNIT KEY FACTS Q3 2017 UNIT KEY FACTS Q3 2017 60 119 KEY COMMENTS 96 Median Sale Price : $240,000 40 87 94 Median Rent Price: $240 per week Average Days Market on Days Average 75 76 82 76 Average interest in Bundaberg* Property market is recorded at 235 71 Annual Growth: -7.3%** Suburb Rental Yield: 4.6% 59 online visits per property, with Woongarra and Windermere being the 20 Average Days on Market: 76 Average Days on Market: 32 two highest at 655 and 563 respectively. The vacancy rate for the % Change between First Listed Price Bedroom Breakdown: 0 Bundaberg area (postcode 4670) is 1.3% in October 2017, the lowest it Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017*** and Sold Price: -3.3% 1 Bed: 8%, 2 Bed: 65%, 3+ Bed: 27% Overviewhas been since November 2013. This, combined with high rental yields House Unit Overall Market Trend of 5.5% and 4.6% for houses and units within the 4670 postcode, suggests a very attractive location for astute investors.

BUNDABERG SALES AND MEDIAN PRICE* MEDIAN RENT AND AVERAGE DAYS ON MARKET*

250 $300,000 350 350

$250,000 300 300 200

250 250 $200,000 150 200 200 $150,000 230

214 MedianPrice Number of of Number Sales 150 303 150 100 202 203 199 286

Number of of Rentals Number 261 167 $100,000 253 249 256 100 100 50 $50,000

109 114 Market on Days / Rent ($) Average Median 50 100 95 97 100 50 32 35 23 23 24 20 0 $0 0 0 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017*** Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017

House Sales Unit Sales Median House Price HeadingMedian Unit Price House Unit HouseHeading Average Days Unit Average Days Median House Rent Median Unit Rent *Average Days on Market and Sales and Median Price are reflective of aggregate sales data from the following suburbs: Avenell Heights, Avoca, Alloway, Ashfield, Branyan, Bucca, Bullyard, Bundaberg East, Bundaberg North, Bundaberg West, Bundaberg South, Coonarr, Gooburrum, Kalkie, Kepnock, Millbank, Norville, Qunaba, Rubyanna, Sharon, South Kolan, Svensson Heights, Thabeban, Walkervale, Windermere and Woongarra. *Rental Market Analysis and Median Rent graph are reflective of aggregate rental data from the following suburbs: Avenell Heights, Avoca, Alloway, Ashfield, Branyan, Bucca, **Annual growth represents price growth for property transactions between Q3 2016 to Q3 2017 (inclusive). Bullyard, Bundaberg East, Bundaberg North, Bundaberg West, Bundaberg South, Coonarr, Gooburrum, Kalkie, Kepnock, Millbank, Norville, Qunaba, Rubyanna, Sharon, South Kolan, ***Q3 2017 quoted data represents both settled transactions (i.e. government data) and agents advice. Svensson Heights, Thabeban, Walkervale, Windermere and Woongarra. Source: APM PriceFinder. Source: SQM Research, APM PriceFinder, RealEstate.com.au. BUNDABERG BUNDABERG

BUNDABERG SALES AND MEDIAN PRICE* MEDIAN RENT AND AVERAGE DAYS ON MARKET*

250 $300,000 350 350

$250,000 300 300 200

250 250 $200,000 150 200 200 $150,000 230

214 MedianPrice Number of of Number Sales 150 303 150 100 202 203 199 286

Number of of Rentals Number 261 167 $100,000 253 249 256 100 100 50 $50,000

109 114 Market on Days / Rent ($) Average Median 50 100 95 97 100 50 32 35 23 23 24 20 0 $0 0 0 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017*** Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017

OVERVIEW AVERAGE VENDOR DISCOUNT Bargara is a coastal town and suburb in VENDOR DISCOUNT* AVERAGE Average vendor discount reflects the the Bundaberg Region. The town lies 384 House Unit average percentage difference kilometres north of the state capital 0.0% Brisbane and just 13 kilometres east of between first listed price and final sold Bundaberg. At the 2016 Census, Bargara -1.0% price. A lower percentage difference *IMAGE* had a population of 7,485. (closer to zero) suggests buyers are Half -2.0% willing to purchase close to the first - 3.6% 6.5cm HIGH Change from Last Year Year - 3.8% asking price of a property. - 4.8%

-3.0% - 5.2% - 5.5% - 6.0% - 6.0% - 6.0%

three allied health service tenancies. Unit MedianPrice softened by -9.4% to $290 per week. The average days on market rentals in Q3 2017 has improved to 28 days for both property types, demonstrating a A balanced future development portfolio stronger rental demand. Continuously low vacancy rates of 1.3% within the $100,000 leads to sustainable economic growth in 4670 postcode further confirms strong rental demand. Strong rental yields of Heading 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017** the area, having positive spill-over effect 5.5% for houses and 4.6% for units further confirms Bargara* as having a Bargara Coral Cove conductive environment for positive long term investment. into the property market. *Average Vendor Discount encapsulates aggregate data in the following suburbs: Bargara, Innes Park, Coral Cove, Burnett Heads and Elliott Heads. *Bargara market data and key indicators encapsulates aggregate property market conditions in the following suburbs: Bargara, Innes Park, Coral Cove, Burnett Heads and Elliott Heads. **Estimated values are based on construction value provided by the relevant data authority and does not reflect commercial and/or re-sale value. Quoted construction and/or completion **2017 quoted data represents sales transactions from 01/01/2017 to 30/09/2017 (end of Q3 2017). dates are estimate only, as per relevant data authority. ***Due to very limited data available, Innes Park and Burnett Heads are not displayed in the graph. Source: APM PriceFinder, Cordell Database, realesteate.com.au, Bundaberg Regional Council. Source: APM PriceFinder. BARGARA BARGARA

-3.0% - 5.2% - 5.5% - 6.0% - 6.0% - 6.0%

10.6cm WIDE House Sales - 6.3% MARKET COMPARISON GRAPH - 6.7% - 6.7% Price -4.0% - 6.9% House Median Price TheKEY market FACTS comparison UNIT graph provides -5.0% comparative trend for median price of House Median Rent house and units over the past 10 years. -6.0% Suburbs profiled are chosen based on Unit Sales Listing to Change from Sale proximity to the PRDnationwide office -7.0% location, which is Bargara. This suburb MARKET CONDITIONS Unit Median Price -8.0% location is highlighted through a dotted Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 black line graph. In the past 12 months to Q3 2017, median property prices in the Bundaberg Unit Median Rent Region has grown by 1.0% to $293,000 for house while the median prices for unit has softened by -1.8% to $254,950. Bargara* and the surrounding FUTURE DEVELOPMENTS coastal area offer a more premium market at a median price of $350,000 for HOUSE MARKET COMPARISON Bargara* and its surrounding coastal houses and $329,000 for units. In comparison to Q3 2016, there has been a $500,000 areas is set to see approx, $14.2M** of -5.3% softening in median house prices in Bargara*, while median units nd prices has achieved a strong +8.2% annual growth. This indicates stronger projects commencing in the 2 half of demand for units in the area, where although buyers have to offer premium 2017. This includes infrastructure prices to secure their ideal property, they are also benefiting from higher (55.1%), residential (25.1%), and $400,000 capital growth. Bargara* houses currently offers more affordability, commercial developments (19.8%). particularly attractive for first home buyers wanting to enter the market. The main Infrastructure project is the $300,000 The amount of stock available for sale has increased by 11.1% to 80 for Burnett Heads Town Centre Redevelopment project ($5.8M), which houses over the past 12 months to Q3 2017, which may have contributed to House Price Median the softening median house price. Unit stock has decreased by -15.8% over involves upgrade of the western section $200,000 the same time period, which may have contributed to annual price growth. of Zunker Street, Burnett Heads and 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017** These indicators suggest the need for the Bundaberg local government to sewer instalment. The project is release more land, to correspond to the low unit stock availability. scheduled to commence construction in Bargara Innes Park Coral Cove Burnett Heads November 2017. Over the past twelve months to Q3 2017, the average vendor discount for houses has remained stable, currently at -6.0%. Meanwhile it has slightly The main commercial project is the UNIT MARKET COMPARISON*** widened to -6.3% for units, indicating a happy medium where buyers are Grace Family Practice and Skin Care $500,000 able to negotiate the first list price yet sellers are still benefiting from positive Clinic Stage 1 and 2. This involves capital growth. Average days on market for sales has increased to 87 days relocation on site of existing 265sqm $400,000 for houses and 138 for units. The lower average days for sale for houses dwelling and construction of two suggest that there may be a higher demand for houses due to the recent buildings. Stage 1 - construction of softening in the market with buyers looking to capitalize on affordability. 398sqm medical and skin clinic. Stage 2 $300,000 - construction of 324sq m building with Over the past 12 months to Q3 2017, weekly median rent for house has one pharmaceutical dispensary and increased by 6.1% to $350 per week while weekly median rent for unit has $200,000 three allied health service tenancies. Unit MedianPrice softened by -9.4% to $290 per week. The average days on market rentals in Q3 2017 has improved to 28 days for both property types, demonstrating a A balanced future development portfolio stronger rental demand. Continuously low vacancy rates of 1.3% within the $100,000 leads to sustainable economic growth in 4670 postcode further confirms strong rental demand. Strong rental yields of Heading 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017** the area, having positive spill-over effect 5.5% for houses and 4.6% for units further confirms Bargara* as having a Bargara Coral Cove conductive environment for positive long term investment. into the property market. *Average Vendor Discount encapsulates aggregate data in the following suburbs: Bargara, Innes Park, Coral Cove, Burnett Heads and Elliott Heads. *Bargara market data and key indicators encapsulates aggregate property market conditions in the following suburbs: Bargara, Innes Park, Coral Cove, Burnett Heads and Elliott Heads. **Estimated values are based on construction value provided by the relevant data authority and does not reflect commercial and/or re-sale value. Quoted construction and/or completion **2017 quoted data represents sales transactions from 01/01/2017 to 30/09/2017 (end of Q3 2017). dates are estimate only, as per relevant data authority. ***Due to very limited data available, Innes Park and Burnett Heads are not displayed in the graph. Source: APM PriceFinder, Cordell Database, realesteate.com.au, Bundaberg Regional Council. Source: APM PriceFinder. BARGARA BARGARA

AVERAGE DAYS ON MARKET* RENTAL MARKET ANALYSIS* HOUSE KEY FACTS Q3 2017 160 Median Sale Price: $350,000 HOUSE UNIT 140 HOUSE KEY FACTS Q3 2017 Annual Growth: -5.3%** 120 Average Days on Market: 87 Median Rent Price: $350 p/w % Change between First Listed Price 2 Bedroom 1 Bedroom Suburb Rental Yield: 5.5% 100 and Sold Price: -6.0% Average Days on Market: 28 3 Bedroom 2 Bedroom 80 Bedroom Breakdown: 2 Bed: 5%, 3 Bed: 39%, 4+ Bed: 56% 138 4+ Bedroom 3+ Bedroom 60 UNIT KEY FACTS Q3 2017 115 110 97 104 105 87 92 87 40 78 81 78 Median Sale Price : $329,000 UNIT KEY FACTS Q3 2017 Average Days Market on Days Average Annual Growth: +8.2%** KEY COMMENTS 20 Average Days on Market: 138 Interest in the Bargara* property market is recorded at an average of Median Rent Price: $290 p/w % Change between First Listed Price 0 155 online visits per property. For the past 12 months to Q3 2017, the Suburb Rental Yield: 4.6% and Sold Price: -6.3% Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 median rents for house has increased by 6.1% to $350 per week while Average Days on Market: 28 House Unit Overall Market Trend the median rent for unit has softened by -9.4% to $290 per week. The Bedroom Breakdown: combination of a low vacancy rate (1.3% for postcode 4670) and 1 Bed: 28%, 2 Bed: 41%, 3+ Bed: 31% relatively low average days on market provides investors with an attractive market with opportunities for growing returns. SALES AND MEDIAN PRICE*

100 $450,000 MEDIAN RENT AND AVERAGE DAYS ON MARKET*

120 400 90 $400,000

80 $350,000 350 100 70 $300,000 300

60 80 $250,000 250 50 93 $200,000 MedianPrice Number of of Number Sales 60 200 40 81 81 80 72 108 68 $150,000 101 97 30 of Rentals Number 93 150 40 72 $100,000 67 20 100

26 $50,000 Market on Days / Rent ($) Average Median 10 19 20 20 16 14 16 50 30 26 29 20 24 0 $0 16 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 0 0 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 House Sales Unit Sales Median House Price Median Unit Price House Unit House Average Days Unit Average Days Median House Rent Median Unit Rent *Bargara Days on Market and Sales and Median Price encapsulate aggregate data in the following suburbs: Bargara, Innes Park, Coral Cove, Burnett Heads and Elliott Heads. **Annual growth represents price growth for property transactions between Q3 2016 to Q3 2017 (inclusive). *Bargara Rental Analysis, Rent and Average Days On Market encapsulates aggregate data in the following suburbs: Bargara, Innes Park, Coral Cove, Burnett Heads and Elliott Heads. ***Q3 2017 quoted data represents both settled transactions (i.e. government data) and agents advice. Source: APM PriceFinder, realestate.com.au. Source: APM PriceFinder. BARGARA BARGARA

100 $450,000 MEDIAN RENT AND AVERAGE DAYS ON MARKET*

120 400 90 $400,000

80 $350,000 350 100 70 $300,000 300

60 80 $250,000 250 50 93 $200,000 MedianPrice Number of of Number Sales 60 200 40 81 81 80 72 108 68 $150,000 101 97 30 of Rentals Number 93 150 40 72 $100,000 67 20 100

2.8% ABOUT PRDnationwide RESEARCH PRDnationwide’s research division provides reliable, unbiased, and authoritative property research and consultancy to clients in metro 29.7% and regional locations across Australia 44.1% Our extensive research capability and specialised approach ensures our clients can make the most informed and financially sounds decisions about residential and commercial properties. 23.3% OUR KNOWLEDGE Access to accurate and objective research is the foundation of all Commercial Residential good property decisions Infrastructure Industrial As the first and only truly knowledge based property services company, PRDnationwide shares experience and knowledge to deliver innovative and effective solutions to our clients.

OverviewWe have a unique approach that integrates people, experience, systems and technology to create meaningful business connections We focus on understanding new issues impacting the property industry; such as the environment and sustainability, the economy, demographic and psychographic shifts, commercial and residential design; and forecast future implications around such issues based on historical data and fact. Ainsley Driver, Principal E [email protected] OUR PEOPLE M +61 422 288 907 Our research team is made up of highly qualified researchers who focus solely on property analysis Estimated Commence PRDnationwide Bundaberg Label Project Title Project City Type Value* Date** Skilled in deriving macro and micro quantitative information from multiple 156 Bourbong Street Indigenous Wellbeing Centre Stage 2 Walkervale $10,000,000 16/10/2017 1 Commercial credible sources, we partner with clients to provide strategic advice and Bundaberg QLD 4670 2 Bargara Road Commercial Building Stage 1 Bundaberg East Commercial $4,000,000 15/11/2017 direction regarding property and market performance. We have the Australia 3 New Image Commercial Laundry Svensson Heights Commercial $3,000,000 25/09/2017 added advantage of sourcing valuable and factual qualitative market T +61 7 4155 5000 4 Grace Family Practice & Skin Care Clinic Bargara Commercial $2,500,000 03/11/2017 research in order to ensure our solutions are the most well considered F +61 7 4155 5010 5 Stockland Bundaberg Shopping Centre Avoca Commercial $2,000,000 03/07/2017 and financially viable. 6 Halt For Holts Packing Shed Extension Bundaberg Commercial $600,000 18/09/2017 PRD.com.au/bundaberg 7 Hanbury Street Cold Room Bundaberg North Commercial $2,000,000 03/12/2017 Our experts are highly sought after consultants for both corporate and government bodies and their advice has helped steer the direction of a Not AREA XXXXXX AREA XXXXXX Carnavon Highway - North Of Injune Bundaberg Industrial $12,040,000 01/09/2017 Mapped number of property developments and secured successful outcomes for our clients. PRDnationwide Bargara Not Burnett Heads Town Centre Redevelopment Burnett Heads Infrastructure $5,816,000 20/11/2017 Mapped Shop 18 Bargara Central Shopping 10 Bruce Highway And Goodwood Road Bundaberg Infrastructure $3,900,000 10/07/2017 OUR SERVICES Village, 699 Bargara Road 11 Eggmolesse Street & Johanna Boulevarde Bundaberg Infrastructure $2,946,000 14/08/2017 Bargara QLD 4670 Not Our research services span over every suburb, LGA, and state within Australia Bundaberg Regional Council Roads Bundaberg Infrastructure $2,237,000 27/11/2017 Australia; captured in a variety of standard and customized products Mapped T +61 7 4130 1800 13 Innes Park South Quarry Elliott Heads Infrastructure $2,000,000 01/11/2017 We have the ability and systems to monitor market movements, F +61 7 4154 7022 Not demographic changes and property trends. We use our knowledge of .com.au/bargara Bundaberg Area Roadworks Bundaberg Infrastructure $2,000,000 27/11/2017 PRD Mapped market sizes, price structure and buyer profiles to identify opportunities Not for clients and provide market knowledge that is unbiased, thorough and Bundaberg Regional Council Reseal Bundaberg Infrastructure $1,256,000 13/11/2017 Mapped reliable. Heading 16 Kepnock Road 144 Lot Subdivision Stages Bundaberg Residential $5,760,000 03/12/2017

17 Kepnock Road Townhouses Stages 1-9 Ashfield Residential $5,500,000 05/07/2017 PRDnationwide does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one 18 Bargara Road Residential Subdivision Bargara Residential $2,560,000 01/08/2017 way or the other in relation to the accuracy of such information, figures and projections. PRDnationwide will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRDnationwide Research © All medians and 19 Penny Lane Residential Subdivision Branyan Residential $1,400,000 21/08/2017 volumes are calculated by PRDnationwide Research. Use with written permission only. All other responsibilities disclaimed. © 2017 20 See Street Units Bargara Residential $1,000,000 15/07/2017 *Disclaimer: Project development map showcases a sample of upcoming projects only, due to accuracy of addresses provided by the data provider for geocoding purposes. **Estimated value is the value of construction costs, it does not reflect the project’s sale/commercial value. Commencement and completion date quoted is an approximate only, as provided by the relevant data authority Source: Cordell Database, PRDnationwide, ESRI, HERE, Queensland Department of Natural Resources and Mines, Bundaberg Regional Council. PROJECT DEVELOPMENT MAP 2nd HALF 2017

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