Panania Property Factsheet 1st Half 2017 R E S E OVERVIEW OVERVIEW Kogarah is located 14km south of the CBD. This welcoming area is OVERVIEWwell known for its sporting history, OVERVIEWOVERVIEWpicturesque parks and foreshore, family- *IMAGE* PananiaOVERVIEWoriented is located lifestyle 23km south and -diversewest of the Sydney demographicsCBD. Its old-fashion and charmcultures. and newKogarah amenities is located make 14kmit an attractive south of theplace 6.5cm HIGH forSydney singles, CBD. families This andwelcoming retirees. area With is the Half Change from Last Year recentwell known revitalisation for its sportingof Sydney’s history, Western Year 10.6cm*IMAGE* WIDE suburb,picturesque ’s parksattractive and foreshore, property family - *IMAGE* pricesoriented andHouse lifestyle connectivity sales and diverse make it a must- 6.5cm HIGH seedemographics for potential and home cultures. buyers. House median Half 6.5cm HIGH Change from Last Year Half 10.6cm WIDE Change from Last Year Year Year House rents 10.6cm WIDE House Sales House sales House MedianUnit sales Price MARKET CONDITIONS House median Unit median The Kogarah* property market witnessed a record-setting median house priceHouse Rental Price House rents MARKETof $1,415,000 and CONDITIONS$663,000 for units in Q1 2017, resulting in exceptional Unit SalesUnit rents Theannual Panania* growth property figures market of 20.4% recorded and 9.6% a median respectively. house price In ofcomparison, houses Unit sales $1,070,000in the Georges and $787,526River Council for units area in Q1grew 2017, by 15.2%representing to $1,425,000 an annual and units by Unit Median Price MARKETprice14.1% growth to $738,000. of 15.7% CONDITIONS Kogarah*and 17.1% presents respectively. a unique Over the opportunity, same period whereby of their FUTURE DEVELOPMENTS** time the Canterbury- local government area (LGA) witnessed a 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. lower annual price growth for houses and units of 11.7% to $1,000,000 and Unit Rental Price 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 11.5% to $580,000 respectively. While buyers are paying a premium for the 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 FUTURE. in the DEVELOPMENTS** area. Mixed use development inPanania* the Georges area comparedRiver Council to their area LGA, grew owner by 15.2% occupiers to $1,425,000 and investors and units are by Panania*accounted is set to see for approx. the majority $33.5M** of estimated of 14.1%rewarded to $738,000. with stronger Kogarah* capital presents growth. Demand a unique in opportunity, Panania* is whereby increasing, their FUTURE DEVELOPMENTS** particularlyAverage days evident to sell in the in Kogarah*unit market, have hinting improved the need over for more the past supply. 12 months, new projectsvalue commencing at $102.5M** in the(73.3%), 1st half offollowed 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 has2017. Kogarah* Infrastructureresidential is set to seeprojects,projects approx. accounted which accounted for for the potential of stronger capital growth. Combined with record-setting median Vendoremerged discounts for house have vendor pivoted discounting, to positive levels, pivoting whereby to 7.2% buyers above are the listing the$139.9M** majorityapprox. (47.4%),of new $20.0M** projects totaling (14.3%), commencing an estimated commercial prices and positive growth trend, Kogarah* is a sought after market by buyers. increasinglyprice and indicating willing to offera sellers’ above market. the initial Units listing are price following to secure a similar their trend, $15.9M**in the area.projects of projects. Mixed which use This developmentcontributed is followed $13.5M** by property.however Theslightly markets lower, reversal sitting over at 0.8%. the past This 12 signifiesmonths has that resulted the Kogarah* in a mixedaccounted use(9.6%), at for approx. the and majority lastly$8.9M** infrastructureof (26.5%),estimated Average days to sell in Kogarah* have improved over the past 12 months, recordproperty premium market for has houses, been withskewed sellers significantly achieving 2.9% towards above a sellersasking price.market. industrialvalue atcontributing $102.5M**projects at approx. (73.3%),$3.9M** $5.2M** followed(2.8%). by decreasingBuyers can are to expect increasingly 49 for to houses have willing to and offer 42 to 0.5% forpay units higher.more in Q1to Average secure2017. Adays the strong idealon markettrend properties, has (15.6%),residential residential projects, projects which accounted at approx. for emerged for house vendor discounting, pivoting to 7.2% above the listing $2.0M** (6.1%), and commercial projects areshowing pivoting the back high to level a stable of demand level, where and houses competition are sitting present at an within average the market.approx.Currently $20.0M** the(14.3%), largest commercial development priceof 33 and days indicating and units a at sellers’ 42 days market. on market. Units are following a similar trend, atprojects approx. which $1.5M** contributed (4.5%). $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 propertyMedian rentsmarket have has improved been skewed over thesignificantly past 12 months towards growing a sellers slightly market. by Residentialmixed development development drives ($83.0M**). a smaller The witnessed a slight increase in median rent to $635 and units softening slightlycontributing $3.9M** (2.8%). Buyers0.5% to are $533 increasingly for houses willing and 9.6% to pay to more$570 tofor secure units. P theositive ideal growth properties, trend proportionconstruction of development of two value. 11 storey A total buildingsof to $480 over the past 12 months. Astute investors however are still benefiting will add a total of 220 apartments to the showingfor median the rents, high levelsolid ofrental demand yields and of 2.9%competition and 4.0% present respectively, within the and market. a 42Currently dwellings the across largest mixed development use and from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses Kogarah* unit market as well as low trending vacancy rate of 1.1% indicates that the Panania market shows residentialunderway projects is the Kogarah accounts RSL for Cluban and 3.8% for units. estimated value of $10.9M**. The largest Medianfavorable rents market have conditions remained for relatively investors stable, in the whereby long term. houses have mixed developmentconstruction ($83.0M**).of additional The retail facilities project is the Anderson Av mixed witnessed a slight increase in median rent to $635 and units softening slightly constructionsuch asof two an RSL11 storey club buildingsdevelopment. CANTERBURY-BANKSTOWN AREA GROWTH Development ($7.0M**), which will see the toGEORGES $480 over the past 12 RIVER months. Astute COUNCIL investors however GROWTHare still benefiting will add a total of 220 apartments to the 1000 $1,200,000 addition of 28 units into the market and two 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 ground floor2017 retail include tenancies. the Forest Road residential and 3.8%800 for units. $1,000,000 construction of additional retail facilities development ($6.8M**), which will add 6 300 $800,000 Thesuch largest as an project RSL club set development.for 1st Half 2017 is 600 COUNCIL GROWTH$1,000,000 the Pananiatownhouses railway station and 1 upgrade. dwelling; T hisas well as $600,000 the Bembridge Street apartmentsst 200400 willThe see main the residential station and projects surrounding for 1 areahalf 400 $400,000$1,500,000 ($5.8M**) which will add 23 apartments

Median Price undergo2017 include modernisation the Forestworth Road $11.09M**, residential 200 $500,000 to the market. The focus on mixed use andMedian Price should assist in increasing liveability in Number of Sales development ($6.8M**), which will add 6 300100 $200,000 HeadingHeading Pananiatownhousesand* for residentialcurrent and 1 dwelling;and projectsfuture as residents. well reflects as the high Number of Sales 0 $0$1,000,000 Pananiathe market Bembridge datainterest and key indicators Streetand encapsulatesdemand apartments aggregate within property the market area. 2000 Q4 Q1 Q2 Q3 Q4 Q1 $0 conditions in the following suburbs: East Hills, Padstow, , Panania, Picnic Point, Revesby and . 2015 2016 2016 2016 2016 2017 ($5.8M**)*Kogarah which Development will addfigures 23encapsulate apartments aggregate development market Q4 Q1 Q2 Q3 Q4 Q1 **Estimated values are based on construction value provided by the relevant data $500,000 authorityto the and does market.conditions not reflect for commercial Thethe following focus and/or suburbs: reon-sale Kogarah,mixed value. Quoted Rockdale, use Carlton, Beverley Park, 100 2015 2016 2016 2016 2016 2017 Median Price construction andHeadingBexley, completion Monterey, dates are Kogarah estimate Bay only,. as per relevant data House Unit Median House Price Median Unit Price authority.and residential**Total project valueprojects represents reflects the aggregate the estimate high value of all residential, Number of Sales Source: APM Pricefindercommercial,, realestate.com.au, industrial, and Realinfrastructure Estate Institute projects of NSW 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, AVERAGEOVERVIEWAVERAGEpicturesque VENDOR VENDOR parks DISCOUNT and DISCOUNT foreshore, family- AVERAGE VENDOR DISCOUNT* OVERVIEWoriented lifestyle and diverse *IMAGE* Average vendor discount reflects the House Unit Averagedemographicsvendor discount and cultures.reflects the 3.5% averageKogarahaverage percentage ispercentage located difference 14kmdifference south of betweenthe 3.0% 6.5cm HIGH betweenSydneyfirst listed first CBD. listprice Thisprice andwelcoming andfinal final soldsold area price is . A Half price. A lowerChange percentage from Last differenceYear 2.5% welllower knownpercentage for its sportingdifference history,suggests Year 10.6cm WIDE (closerpicturesquebuyers to zero)are parks suggestswilling andto foreshore,buyerspurchase are family close-to 2.0% *IMAGE* willingorientedthe tofirst purchaseHouse lifestyleasking sales andcloseprice diverse to theof firsta property. 1.5% askingdemographics price of a andproperty. cultures. 2.9% 1.0% 6.5cm HIGH House median 0.6% 2.1% MARKET COMPARISON GRAPHHalf 0.6% 0.5% Change from Last Year 0.5% KEY FACTS UNIT Year 0.1% The marketHouse comparison rents graph provides 10.6cm WIDE0.8% comparative trend for median price of 0.0% House sales house and units over the past 10 years. -0.5% Unit sales 1.0% 1.1% Suburbs profiled are chosen based on - - 1.3%

- House median -1.0% 0.4%

MARKET- CONDITIONS proximity to the main suburb analysed in 0.6%

- Unit median The Kogarah*Change from Listing to Sale Price -1.5% property market witnessed a record-setting median house pricethe factsheet, which is Panania. The mainHouse suburb rents is highlighted through a of $1,415,000-2.0% 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, housesdotted black line graph. Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 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 andof stronger $663,000 capital for units growth. in Q1 Combined2017, resulting with in record exceptional-setting median $1,600,000 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 accounted for the majority of estimated $1,200,000 FUTURE DEVELOPMENTS** 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$800,000 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$400,000 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 emerged for house vendor discounting, pivoting to 7.2% above the listing approx. $20.0M** (14.3%), commercial showing the high$0 level of demand and competition present within the market. Currently the largest development price and indicating a sellers’ market. Units are following a similar trend, projects which contributed $13.5M** however slightly lower, sitting2008 at 0.8%.2009 This signifies2010 that2011 the Kogarah*2012 2013 2014underway2015 is the2016 Kogarah2017^ 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 medianPanania rent to $635 andEast units Hills softening slightlyPicniccontributing Point $3.9M**Revesby (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 showingAREA the highXXXXXX level of demand and competition present within the market. Currently the largest development fromUNIT low vacancyMARKET rates of 1.2% COMPARISON 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 $1,000,000 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 $800,000 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 $600,000 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 $400,000 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 Unit Median Price $200,000 $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 $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 2016 Panania2016 2016 2017East Hills Median Price Picnic PointHeadingBexley, Monterey, KogarahRevesby 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 *2017 quoted data reflects sales transactions up to and inclusive of 31st March 2017 or end of Q1 2017 interestfirst and half of demand 2017. within the area. Source0 House: APM Pricefinder, realestate.com.auUnit , RealMedian Estate InstituteHouse of AustraliaPrice $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- AVERAGE DAYS*IMAGE* ON MARKET** OVERVIEWOVERVIEWoriented lifestyle and diverse demographics and cultures. 60 KogarahHOUSE is KEYlocated FACTS 14km south Q1 of2017 the 6.5cm HIGH Sydney CBD. This welcoming area is Half Change from Last Year well known for its sporting history, Year Median Sale Price: $1,070,000 50 picturesque parks and foreshore, family- 10.6cm WIDE Annual Growth: 15.7%* orientedHouse lifestyle sales and diverse *IMAGE* Average Days on Market: 33 40 demographics% Change between and cultures. First Listed House median 6.5cm HIGH Price and Sold Price: 2.9% Half Change from Last Year 30 41 Year House rents 10.6cm51 WIDE 49 KEYHouse FACTS sales UNIT* 42 UNITS KEY FACTS Q1 2017 20 39 Unit sales 35 33 Median Sale Price : $785,000 Average Days Average Days on Market 33 32 27 29 AnnualHouse Areamedian Growth: 11% MARKET24 CONDITIONS Median Sale Price: $787,526 10 Average UnitDays median on Market: 36 The Kogarah* property market witnessed a record-setting median house priceAnnual Growth: 17.1%* %House Change rents between First Listed Price of $1,415,000 and $663,000 for units in Q1 2017, resulting in exceptional Average Days on Market: 42 and SoldUnit Price: rents -0.1% annual growth0 figures of 20.4% and 9.6% respectively. In comparison, houses% Change between First Listed Unit sales in the GeorgesQ4 River2015 CouncilQ1 2016 areaQ2 grew2016 byQ3 15.2% 2016 toQ4 $1,425,000 2016 Q1 2017and units by Price and Sold Price: 0.5% MARKET14.1% to $738,000. CONDITIONSHouse Kogarah* presentsUnit a uniqueOverall opportunity, Market wherebyTrend 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 SALESthe Georges RiverAND CouncilMEDIAN area grew by 15.2%PRICE** 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 decreasing300 to 49 for houses and 42 for units in Q1 2017. A strong trend has Kogarah*residential is set to seeprojects, approx.$1,200,000 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 Average250 days to sell in Kogarah* have improved over the past 12 months, $1,000,000 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 and200 indicating a sellers’ market. Units are following a similar trend, projects which contributed$800,000 $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 showing150 the high level of demand and competition present within the market. Currently the largest development$600,000 from low vacancy rates of 1.2% and healthy rental yields of 2.5% for houses Kogarah* unit market as well as underway is the Kogarah RSL Club and 3.8% for units. Median Price Median rents have remained relatively stable, whereby houses have 242 construction of additional retail facilities

Number of Sales 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. 100 211 $400,000 toGEORGES $480 over the189 past 12 RIVER months. Astute COUNCIL investors however GROWTHare189 still benefiting will add a total of 220 apartments to the st from low400 vacancy rates of 1.2%164 and healthy rental yields of 2.5% for$1,500,000 houses Kogarah*The 158unit 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 30050 such as an RSL club development.$200,000 GEORGES RIVER COUNCIL GROWTH$1,000,000 townhouses and 1 dwelling; as well as The mainthe residential Bembridge58 projectsStreet for apartments 1st half 400200 46 40 40 $1,500,000 36 28 2017 include($5.8M**) the Forest which Roadwill add residential 23 apartments 0 $500,000 to the market. The$0 focus on mixed use developmentMedian Price ($6.8M**), which will add 6 300100 Heading Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016townhousesandQ1 residential and 2017 1 dwelling; projects as well reflects as the high

Number of Sales $1,000,000 the Bembridgeinterest Streetand demand apartments within the area. 2000 House Sales Unit Sales Median$0 House Price Median Unit Price ($5.8M**)*Kogarah which Development will addfigures 23encapsulate apartments aggregate development market *Annual growthQ4 represents priceQ1 growth forQ2 property transactionsQ3 betweenQ4 Q1 2016Q1 to Q1$500,000 2017 (inclusive). to the market.conditions for Thethe following focus suburbs: on Kogarah,mixed Rockdale, use Carlton, Beverley Park, 100**Panania market2015 data and2016 key indicators2016 encapsulates2016 aggregate 2016property market2017 conditions in the followingMedian Price suburbs: East Hills,HeadingBexley, Padstow Monterey,, Padstow KogarahHeights, Bay. Panania, Picnic Point, Revesby and Revesby Heights. Source: APM Pricefinder, realestate.com.au, SQM Research, Real Estate Instituteand of NSW, residential**Total Central project Coast valueprojects Council. 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. *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, OVERVIEW RENTAL MARKET ANALYSIS OVERVIEWpicturesque parks and foreshore, family- OVERVIEWoriented lifestyle and diverse *IMAGE* HOUSE KEY FACTS Q1 2017 demographics and cultures. HOUSE UNIT Kogarah is located 14km south of the 6.5cm HIGH Sydney CBD. This welcoming area is Half MedianChange Rent Price: from $533 Last per weekYear well known for its sporting history, Year 2 Bedroom 1 Bedroom Suburb Rental Yield: 2.9% 10.6cm WIDE picturesqueAverage Days parks on and Market: foreshore, 24 family- 3 Bedroom*IMAGE* 2 Bedroom orientedBedroomHouse lifestyle Breakdown: sales and diverse demographics1-2 Bed: 19.5%, and 3 cultures. Bed: 50.9%, 4+ 4+ Bedroom 3+ Bedroom Bed: 29.6%House median 6.5cm HIGH Half Change from Last Year Year 10.6cm WIDE UNITSHouse KEY rents FACTS Q1 2017 KEY COMMENTS House sales Interest in the Panania* area is recorded at 1417 online visits per Unit sales Median Rent Price: $570 per week property, almost double the average of 774. Median House median MARKET CONDITIONS Suburb Rental Yield: 4.0% rental prices experienced annual growth of 0.5% to $533 per week AverageUnit Days median on Market: 24 The(house) Kogarah* and 9.6% property to $570 market per week witnessed (units). aAverage record -dayssetting on marketmedian has house price Overview HouseBedroom rents Breakdown: of remained$1,415,000 at a and stable $663,000 low of 24 for days units over in theQ1 past 2017, 12 resultingmonths. Combined in exceptional 1 Bed:Unit 7.8%, rents 2 Bed: 25.8%, 3+ Bed: annualwith low growth trending figures vacancy of 20.4% rates of and 1.1% 9.6% and respectively. solid rental yields In comparison, this houses Unit66.4% sales in indicatesthe Georges conducive River investment Council area conditions grew by in Panania15.2% to* $1,425,000 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 unitsAND growth. in Q1 CombinedAVERAGE2017, resulting with in record exceptionalDAYS-setting medianON MARKET* MEDIAN RENT 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 accounted for the majority of estimated 180 FUTURE DEVELOPMENTS**600 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 emerged160 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 developmentcontributed500 $13.5M** however slightly lower, sitting at 0.8%. This signifies that the Kogarah* accounted(9.6%), for the and majority lastly infrastructureof estimated Average140 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 emerged120 for house vendor discounting, pivoting to 7.2% above the listing 400 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 property100 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 11300 storey buildings to $480 over the past 12 months. Astute investors however are still benefiting showing80 the high level of demand and competition163 present within the market. will add a total of 220 apartments to the 157 Currently the largest154 development from low vacancy rates of 1.2% and healthy rental yields of 1512.5% for houses147 Kogarah* unit market as well as and 3.8% for units. underway is the Kogarah RSL Club Median rents have128 remained relatively stable, whereby houses have construction of additional retail facilities Number of Rentals 60 mixed development ($83.0M**).122 200 The witnessed a slight increase in median rent to $635 and 109units softening slightly constructionsuch asof two an RSL11 storey club buildingsdevelopment. toGEORGES $480 over the past 12 RIVER months. Astute COUNCIL98 investors however GROWTHare still benefiting94 will add a total of 220 apartments to the 87 st from low40040 vacancy rates76 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 100facilities Road Days Market /onRent Average ($) Median residential development ($6.8M**), which will add 6 30020 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 0 2017 include($5.8M**) the Forest which Roadwill add residential0 23 apartments Q4 2015 Q1 2016 Q2 2016 Q3$500,000 2016 Q4 2016Headingto the market.Q1 2017 The focus on mixed use developmentMedian Price ($6.8M**), which will add 6 300100 Heading House Unit townhousesHouseand residentialAverage and 1 dwelling; Days projects as well reflects as the high

Number of Sales $1,000,000 Unit Average Days Median House Rent the BembridgeMedianinterest Unit Streetand Rent demand apartments within the area. 2000 $0 ($5.8M**)*Kogarah which Development will addfigures 23encapsulate apartments aggregate development market *Disclaimer: PananiaQ4 market Q1data and key Q2indicators encapsulatesQ3 aggregateQ4 propertyQ1 market$500,000 conditions in the followingto suburbs: the market.conditionsEast Hills for, Padstow Thethe following focus, Padstow suburbs: onHeights, Kogarah,mixed Rockdale, use Carlton, Beverley Park, Panania,100 Picnic2015 Point, Revesby2016 and Revesby2016 Heights. 2016 2016 2017 Median Price HeadingBexley, Monterey, Kogarah Bay. Source: APM Pricefinder, realestate.com.au, SQM Research. 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. *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 PROJECT DEVELOPMENT MAP 1st HALF 2017*well known for its sporting history, OVERVIEWpicturesque parks and foreshore, family- OVERVIEWoriented lifestyle and diverse 4.5%*IMAGE* 6.1% demographics and cultures. Kogarah is located 14km south of the 6.5cm HIGH Sydney CBD. This welcoming area is Half 15.6% Change from Last Year well known for its sporting history, Year 26.5% 10.6cm WIDE picturesque parks and foreshore, family- *IMAGE* orientedHouse lifestyle sales and diverse 47.4% demographics and cultures. House median 6.5cm HIGH Half Change from Last Year Commercial Industrial Year House rents Infrastructure 10.6cmMixed Use WIDE Residential 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 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** 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 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 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. priceLocation and indicating a sellers’Project market. Name** Units are following a similarType trend, Estimatedin the area. projectsValue*** Mixed which Commenceuse developmentcontributed Date**** $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, property1 market has7-Eleven been skewedService Stationsignificantly Revesby towards a sellersCommercial market. value$1,500,000 atcontributing $102.5M** (73.3%),$3.9M**13/03/2017 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 emerged2 for house vendorGow discounting,St Industrial pivoting Units to 7.2% above theIndustrial listing $5,216,000 26/01/2017 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** however3 slightly lower, sittingPanania at 0.8%. Railway This Station signifies that the Kogarah*Infrastructure $11,000,000underway is the05/06/2017 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%). Buyers4 are increasinglyLAHC (Social willingHousing) to pay- moreRevesby to secure (18 Dwellings) the ideal properties,Infrastructure $4,100,000construction of30/06/2017 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 5low vacancy ratesPicnic of Point1.2% Bank and Stabilisationhealthy rental yields ofInfrastructure 2.5% for houses $347,000Kogarah* unit market16/01/2017 as well as underway is the Kogarah RSL Club and 3.8% for units. construction of additional retail facilities Median6 rents haveMarco remained Av & Selems relatively Pde stable,Pedestrian whereby Crossing houses haveInfrastructure mixed$268,000 development ($83.0M**).16/01/2017 The witnessed a slight increase in median rent to $635 and units softening slightly constructionsuch asof two an RSL11 storey club buildingsdevelopment. toGEORGES $4807 over the past 12 RIVEREnglish months. Street Astute COUNCILRoadworks investors however GROWTHare Infrastructurestill benefiting will$160,000 add a total of 220 apartments09/01/2017 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%8 for units.Anderson Av Mixed Development (28 Units) Mixed Use construction$7,030,0002017 ofinclude additional the27/02/2017 Forestretail facilities Road residential such asdevelopment an RSL club development.($6.8M**), which will add 6 3009 Alma Rd Mixed Development (6 Units) Mixed Use $1,846,000 12/06/2017 GEORGES RIVER COUNCIL GROWTH$1,000,000 townhouses and 1 dwelling; as well as Doyle Rd Townhouses & Villas (2 Townhouses & 3 the Bembridge Street apartmentsst 40020010 $1,500,000Residential The$1,250,000 main residential projects17/02/2017 for 1 half Villlas) 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 30010011 Faraday Rd Dual Occupancies (3 Dwellings) Residential $800,000 Heading22/05/2017 townhousesand residential and 1 dwelling; projects as well reflects as the high

Number of Sales $1,000,000 *Disclaimer: Project development map showcases a sample of upcoming projects only, due to accuracy of addresses providedthe Bembridge by theinterest data provider Streetand for geocodingdemand apartments purposes. within the area. **Projects2000 refers to the top developments within the suburbs of East Hills, Padstow, Padstow Heights,$0 Panania, Picnic Point, Revesby and Revesby Heights. ($5.8M**)*Kogarah which Development will addfigures 23encapsulate apartments aggregate development market ***Estimated valueQ4 is the valueQ1 of constructionQ2 costs providedQ3 by relevantQ4 data authority,Q1 $500,000it does not reflect the project’s sale/commercialto the market.conditions value. for Thethe following focus suburbs: on Kogarah,mixed Rockdale, use Carlton, Beverley Park, ****Commencement100 2015 date quoted2016 for each 2016project is an approximate2016 only,2016 as provided2017 by the relevant data authorityMedian Price . HeadingBexley, Monterey, Kogarah Bay. Source: Cordell Database, BatchGeo and Department of Planning and Environment NSW. 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. *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, ABOUT PRDnationwide RESEARCH OVERVIEWOVERVIEWpicturesque parks and foreshore, family- *IMAGE* OVERVIEWoriented lifestyle and diverse PRDnationwide’s research division provides reliable, unbiased, and demographics and cultures. authoritative property research and consultancy to clients in metro Kogarah is located 14km south of the and regional locations across6.5cmAustralia HIGH Sydney CBD. This welcoming area is Half Change from Last Year well known for its sporting history, Year Our extensive research capability10.6cm and specialised WIDEapproach ensures our picturesque parks and foreshore, family- clients can make the most informed*IMAGE* and financially sounds decisions orientedHouse lifestyle sales and diverse about residential and commercial properties. demographics and cultures. House median 6.5cm HIGH Half Change from Last Year OUR KNOWLEDGE Year Access to accurate and 10.6cmobjective research WIDE is the foundation of all House rents good property decisions House sales Unit sales As the first and only truly knowledge based property services company, House median PRDnationwideMARKET shares CONDITIONS experience and knowledge to deliver innovative Unit median andThe effective Kogarah* solutions property to ourmarket clients. 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 Weannual have growtha unique figures approach of 20.4% that integrates and 9.6% people, respectively. experience, In comparison, systems houses Unit sales andin the technology Georges to River create Council meaningful area businessgrew by connections15.2% to $1,425,000 We focus andon units by understandingMARKET14.1% to $738,000. new issuesCONDITIONS Kogarah* impacting presents the property a unique industry; opportunity, such as whereby the their FUTURE DEVELOPMENTS** Unit median environmentThehouse Kogarah* price and point property sustainability, closely market mirrors witnessed the economy,that of a recordthe demographic greater-setting LGA median and area house however price with OUR SERVICES INCLUDE: psychographic shifts, commercial and residential design; and forecast 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 future implications around such issues based on historical data and fact. • UnitAdvisory rents and consultancy 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 accounted for the majority of estimated 14.1% to $738,000. Kogarah* presents a unique opportunity, whereby their • FUTUREMarket Analysis DEVELOPMENTS** including profiling OURAverage PEOPLE days to sell in Kogarah* have improved over the past 12 months, and trendsvalue 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 Ourthe potentialresearch of team stronger is made capital up growth. of highly Combined qualified with researchers record-setting who median emerged for house vendor discounting, pivoting to 7.2% above the listing • $139.9M**Primaryapprox. qualitative of new $20.0M** projects and (14.3%), commencing commercial focusprices solelyand positive on property growth trend,analysis Kogarah* is a sought after market by buyers. price and indicating a sellers’ market. Units are following a similar trend, inquantitative the area.projects Mixed research which use developmentcontributed $13.5M** Skilledhowever in deriving slightly macrolower, andsitting micro at 0.8%.quantitative This signifies information that from the multipleKogarah* accounted for the majority of estimated • Demographic(9.6%), and targetlastly infrastructuremarket credibleAverageproperty sources, days market to sell we has inpartner beenKogarah* skewedwith haveclients significantly improved to provide over towards strategic the past a advice sellers12 months, and market. value at $102.5M** (73.3%), followed by Analysiscontributing $3.9M** (2.8%). directiondecreasingBuyers regardingare to increasingly 49 for property houses willing and 42market to forpay units performance.more in Q1to secure2017. We A the havestrong ideal the trend properties, has residential projects, which accounted for emerged for house vendor discounting, pivoting to 7.2% above the listing addedshowing advantage the high of level sourcing of demand valuable and and competition factual qualitative present market within the market.• approx.GeographicCurrently $20.0M** information the(14.3%), largest mapping commercial development researchprice and in indicating order to aensure sellers’ our market. solutions Units are are the following most well a similar considered trend, projects which contributed $13.5M** however slightly lower, sitting at 0.8%. This signifies that the Kogarah* underway is the Kogarah RSL Club andMedian financially rents viable.have remained relatively stable, whereby houses have • (9.6%),Project and Analysis lastly infrastructureincluding product property market has been skewed significantly towards a sellers market. Traceymixed McDonald development ($83.0M**). The witnessed a slight increase in median rent to $635 and units softening slightlycontributing andSales pricing Manager $3.9M** recommendations & (2.8%).Licensed Real OurBuyers experts are increasingly are highly sought willing afterto pay consultants more to secure for both the corporateideal properties, and construction of two 11 storey buildings to $480 over the past 12 months. Astute investors however are still benefiting Estate Agent, PRDnationwide Dapto governmentshowing the bodieshigh level and of their demand advice and has competition helped steer present the directionwithin the of market. a • Rentalwill and add investment a total of return 220 apartments to the AREAfrom low XXXXXXvacancy rates of 1.2% and healthyAREA rentalXXXXXX yields of 2.5% for houses Currently the largest development number of property developments and secured successful outcomes for analysisKogarah* unit market as well as and 3.8% for units. underway is the Kogarah RSL Club ourMedian clients. rents have remained relatively stable, whereby houses have construction of additional retail facilities mixedT +61 development 2 4261 0333 ($83.0M**). The witnessed a slight increase in median rent to $635 and units softening slightly such as an RSL club development. JasonconstructionF Behringer+61 2 4262 of two, Principal1558 11 storey buildings toGEORGES $480 over the past 12 RIVER months. Astute COUNCIL investors however GROWTHare still benefiting PRDnationwidewillM add+61 a total404 033ofP anania220 533 apartments to the OURfrom low SERVICES vacancy rates of 1.2% and healthy rental yields of 2.5% for houses The main residential projects for 1st half 400 $1,500,000 CnrKogarah*TowerE [email protected] & unit Lambeth market Street as well as Ourand research3.8% for units. services span over every suburb, LGA, and state within construction2017 ofinclude additional the Forestretail facilities Road residential Panania NSWdevelopment2213 ($6.8M**), which will add 6 ;300 captured in a variety of standard and customized products Australiasuch1/66 as Princesan RSL Highwayclub development. GEORGES RIVER COUNCIL GROWTH$1,000,000 Daptotownhouses NSW 2530 and 1 dwelling; as well as We have the ability and systems to monitor market movements, T +61 2 the6559 Bembridge 9400 Street apartmentsst 400200 $1,500,000 TheAustralia main residential projects for 1 half demographic changes and property trends. We use our knowledge of F 2017+61 2include ($5.8M**)6559 7086 the Forest which Roadwill add residential 23 apartments market sizes, price structure and buyer profiles to identify opportunities$500,000 M +61 423to 941the market.136 The focus on mixed use developmentMedian Price www.prdnationwide.com.au/dapto ($6.8M**), which will add 6 300100 [email protected] for clients and provide market knowledge that is unbiased, thorough and E townhousesand residential and 1 dwelling; projects as well reflects as the high

Number of Sales $1,000,000 reliable. www.prd.com.au/pananiathe BembridgeHeadinginterest 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, 100 2015 2016 2016 2016 2016 2017 Median Price HeadingBexley, Monterey, Kogarah Bay. PRDnationwide does not give any warranty in relation to the accuracy of the information contained in this report. Ifand you intendresidential**Total to projectrely upo valueprojectsn the represents information reflects the aggregate contained the estimate high value of all residential, herein,Number of Sales you must take note that the Information, figures and projections have been provided by various sources and have notcommercial, been verified industrial, by and us. infrastructure We have no projects belief scheduled one to commence in the way or the other in relation to the accuracy of such information, figures and projections. PRDnationwide will not beinterest liable forfirst anyand half loss of demand 2017. or damage within resulting the from area. any statement,0 figure,House calculation orUnit any other information Median that you House rely upon Price that is contained$0Median in the material. Unit PreparedPrice by PRDnationwideSource: CordellResearch Database., ©RealEstate.com.au, All medians and APM Pricefinder. volumes are calculated by PRDnationwide Research. Use with written permission only. All other responsibilities disclaimed.*Kogarah Development © 2017 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.