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 Q4 Q1 Q2 Q3 Q4 Q1 *Kogarah Development figures encapsulate aggregate development market Coolum Beach $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. OVERVIEW Located only 10 minutes from Sunshine Coast airport, Coolum Beach is a popular holiday destination. In the 2016 Australian census, the population of Coolum was *IMAGE* 8,497. Over the last five year Coolum Beach has seen heavy development, with 6.5cm HIGH new buildings for retail business and holiday apartments. 10.6cm WIDE Half Change from Last Year Year

House Sales

House Median Price MARKET CONDITIONS House Median Rent Median prices in Coolum Beach for Q3 2017 were recorded at $620,000 Unit Sales for houses and $385,000 for units, representing annual growth of 7.4% and 7.8% respectively. Over the same period of time, the Sunshine Coast Unit Median Price Overviewregion recorded median house price of $570,000, with annual growth of 3.6%. Compared to the Sunshine Coast region, the Coolum Beach house Unit Median Rent market is a premium and sought-after market. Units in the Sunshine Coast has softened to a median price of $391,250. Thus Coolum Beach FUTURE DEVELOPMENTS** offers a more affordable alternative, with higher capital growth. Coolum Beach will see approx. $26.3M of nd Over the past twelve months to Q3 2017, average vendor discount has project developments in the 2 half of remained relatively stable at -4.3% for houses and widened to -6.1% for 2017. The majority (54.4%) is allocated to units. This indicates that there is room for unit buyers to negotiate on first industrial projects, followed by mixed use list asking price in order to secure their dream property. Average days to (38.0%), and commercial projects (7.6%). sell for units has increased to 109 days, further confirming a buyer’s A key industrial project is the Venture market. Average days on market for houses has reduced 62 days, which Close Warehouse Units project ($2.5M) combined with stable vendor discounting confirms increasing demand. which includes the construction of nine In Q3 2017, average days to rent properties in the Coolum Beach market warehouse units over two-storey. The is very low for both house and units, at 18 and 17 days respectively. This project is expected to commence in indicates strong rental demand in the area. Further, the rental market in November 2017. Coolum Beach is buoyed by low vacancy rates, currently sitting at 1.7%, A major mixed used project is the Lysaght which is lower than that of Brisbane’s 3.2%. At the same time, astute Street Mixed Use Development project investors are benefiting from rental yields of 4.0% for house and 5.2% for ($5.0M) which includes proposed rezoning unit. Combined, these factors position Coolum Beach as a strong rental to allow for future industrial, commercial market, which is attractive for existing and new investors. and community developments. The main commercial project is the Direct SUNSHINE COAST REGIONAL GROWTH Freight Depot ($2.0M) which involves the construction of a new warehouse, office, 2500 $700,000 reception area, a lunch room and $600,000 amenities. The project is expected to 2000 commence in December 2017. $500,000 1500 $400,000 Combined these projects will further enhance economic activity in Coolum 1000 $300,000

MedianPrice Beach,Heading with positive spill-over effects on $200,000 Number of of Sales Number the property market. 500 $100,000

0 $0 *Q3 2017 and 2017 data represents sales up to and inclusive of 30/09/2017. **Estimated values are based on construction value provided by the relevant data Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017* authority and does not reflect commercial and/or re-sale value. Quoted construction and/or completion dates are estimate only, as per relevant data authority. House Unit Vacant Land Source: AMP PriceFinder, Cordell Database, Australian Bureau of Statistics, Median House Price Median Unit Price Median Land Price Sunshine Coast Regional Council, Real Estate Institute of Queensland. AVERAGE VENDOR DISCOUNT AVERAGEAVERAGE VENDOR VENDOR DISCOUNT DISCOUNT House Unit AverageAverage vendorvendor discountdiscount reflects reflectsthe the 0.0% averageaverage percentagepercentage differencedifference betweenbetween first firstlistedlisted price priceand finaland soldfinal price.sold Aprice . A -1.0% lowerlower percentagepercentage differencedifference (closer tosuggests zero)buyers suggestsare buyerswilling areto purchasewilling to close to - 2.8%

-2.0% - 3.2% purchase close to the first asking price - 3.6% the first asking price of a property. - 4.2% - 4.3% - 4.3% of a property. - 4.5% - 4.5% - 5.0% - 5.3%

-3.0% - 5.4%

- 6.1% MARKET COMPARISON GRAPH -4.0% The marketKEY FACTS comparison UNIT graph provides comparative trend for median price of -5.0% house and units over the past 10 years. Suburbs profiled are chosen based on -6.0% proximity to the main suburb analysed in

Change from Listing to Listing to Change from Sale Price the factsheet, which is Coolum Beach. -7.0% The main suburb is highlighted through a Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017* dotted black line in the graph.

HOUSE MARKET COMPARISON $800,000

$700,000

$600,000

$500,000

$400,000 House House Price Median

$300,000 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017*

Coolum Beach Yaroomba Mount Coolum Peregian Beach UNITAREA XXXXXXMARKET COMPARISON $1,000,000

$800,000

$600,000

$400,000

$200,000 Unit Unit MedianPrice

$0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017*

Coolum Beach Yaroomba** Mount Coolum Peregian Beach

*Q3 2017 and 2017 data represents sales up to and inclusive of 30/09/2017. **The sudden changes in median price trend between 2011 and 2013 are due to limited number of sales transaction in the area. Source: APM PriceFinder, realestate.com.au, Real Estate Institute of Queensland. AVERAGE DAYS ON MARKET OVERVIEW 120 HOUSE KEY FACTS Q3 2017

100 Median Sale Price: $620,000 Suburb Growth: 7.4%** Average Days on Market: 62 80 % Change between First Listed Price and Sold Price: -4.3% 60 109 94 95 KEY FACTS UNIT* 40 83 UNITS KEY FACTS Q3 2017 69 Median Sale Price : $785,000 Average Days Market on Days Average 65 62 56 57 Annual Area Growth: 11% 50 Median Sale Price: $385,000 20 46 42 Average Days on Market: 36 Suburb Growth: 7.8%* % Change between First Listed Price Average Days on Market: 109 and Sold Price: -0.1% 0 % Change between First Listed Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017* Price and Sold Price: -6.1% House Unit Overall Market Trend

SALES AND MEDIAN PRICE

60 $700,000

$600,000 50

$500,000 40

$400,000

30 MedianPrice Number of of Sales Number $300,000

20 37 44 47 48 36 34 49 40 36 39 34 34 $200,000

10 $100,000

0 $0 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017*

House Sales Unit Sales Median House Price Median Unit Price

*Suburb growth represents price growth for property transactions between Q3 2016 to Q3 2017 (inclusive). Source: APM PriceFinder. RENTAL MARKET ANALYSIS OVERVIEW HOUSE UNIT HOUSE KEY FACTS Q3 2017 Median Rent Price: $458 per week 2 Bedroom 1 Bedroom Suburb Rental Yield: 4.0% Average Days on Market: 18 3 Bedroom 2 Bedroom Bedroom Breakdown: 2 Bed: 21%, 3 Bed: 47%, 4+ Bed: 4+ Bedroom 3+ Bedroom 32%

UNITS KEY FACTS Q3 2017 KEY COMMENTS Coolum Beach records 489 visits per property, which is higher than the Queensland average of 316 online visit. Vacancy rate currently sits at Median Rent Price: $380 per week 1.7% in October 2017 and astute investors are benefiting from rental Suburb Rental Yield: 5.2% yields of 4.0% for house and 5.2% for unit. Average days for rentals in Average Days on Market: 17 Coolum Beach is low, at 18 days for house and 17 days for units, and is Bedroom Breakdown: expected to continue to lower as available stock lag behind current 1 Bed: 7%, 2 Bed: 63%, 3+ Bed: 30% demand. Combined, these factors position Coolum Beach as a strong rental market, which is attractive for existing and new investors.

MEDIAN RENT AND AVERAGE DAYS ON MARKET 60 600

50 500

40 400

30 300 55 56 48 50 Number of of Rentals Number 46 20 41 200 35 34 36 27 27 29

10 100 Market on Days / Rent ($) Average Median

0 0 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017* Heading House Unit House Average Days Unit Average Days Median House Rent Median Unit Rent

* Q3 2017 data represents transactions up to and inclusive of 30/09/2017 Source: APM PriceFinder, realestate.com.au, SQM Research PROJECT DEVELOPMENT MAP 2nd HALF 2017*

7.6%

38.0%

54.4%

Commercial Industrial Mixed Use

Estimated Commence Location Project Title* Type Value** Date*** 1 Direct Freight Depot Commercial $2,000,000 10/12/2017 2 Venture Close Warehouse Units Industrial $2,500,000 28/11/2017

3 Access Crescent Industrial Building Industrial $2,000,000 07/08/2017

4 Lysaght Street Warehouse Units Industrial $2,000,000 03/07/2017 5 Lysaght Street Industrial Building Industrial $2,000,000 02/10/2017 6 Focal Avenue Industrial Building Industrial $1,800,000 20/11/2017 7 Focal Avenue Industrial Building Industrial $1,100,000 31/07/2017 8 Access Crescent Industrial Building Industrial $1,000,000 12/12/2017 9 AMAC Cranes Workshop Industrial $1,000,000 15/09/2017 10 Access Crescent Storage Yard Industrial $900,000 01/09/2017 11 Lysaght Street Mixed Use Development Mixed Use $5,000,000 03/07/2017 12 Lysaght Street Mixed Use Development Mixed Use $5,000,000 03/07/2017

*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 land and construction costs provided by relevant data authority, it does not reflect the project’s sale/commercial value. **Commencement dates quoted for each project is approximate only, as provided by the relevant data authority. PRDnationwide does not hold any liability to the exact date in which each project commences and/or is completed. Source: Source: Cordell Database, ESRI ArcGIS, Department of Planning and Environment of Queensland, Sunshine Coast Regional Council. ABOUT PRDnationwide RESEARCH PRDnationwide’s research division provides reliable, unbiased, and authoritative property research and consultancy to clients in metro and regional locations across Australia Our extensive research capability and specialised approach ensures our clients can make the most informed and financially sounds decisions about residential and commercial properties. OUR KNOWLEDGE Access to accurate and objective research is the foundation of all good property decisions 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 OUR SERVICES INCLUDE: and technology to create meaningful business connections We focus on understanding new issues impacting the property industry; such as the • Advisory and consultancy environment and sustainability, the economy, demographic and • Market Analysis including profiling psychographic shifts, commercial and residential design; and forecast and trends future implications around such issues based on historical data and fact. • Primary qualitative and OUR PEOPLE quantitative research Our research team is made up of highly qualified researchers who • Demographic and target market focus solely on property analysis Analysis Skilled in deriving macro and micro quantitative information from multiple • Geographic information mapping credible sources, we partner with clients to provide strategic advice and direction regarding property and market performance. We have the • Project Analysis including product and pricing recommendations added advantage of sourcing valuable and factual qualitative market research in order to ensure our solutions are the most well considered • Rental and investment return and financially viable. analysis

Our experts are highly sought after consultants for both corporate and AREAgovernmentXXXXXX bodies and their advice hasAREA helped steerXXXXXX the direction of a Gail Lefebvre, Principal number of property developments and secured successful outcomes for PRDnationwide Coolum Beach our clients. 1788 David Low Way Coolum Beach QLD 4573 OUR SERVICES Australia Our research services span over every suburb, LGA, and state within Australia; captured in a variety of standard and customized products T +61 7 5446 5446 F +61 7 5446 5222 We have the ability and systems to monitor market movements, M +61 407 514 241 demographic changes and property trends. We use our knowledge of E [email protected] market sizes, price structure and buyer profiles to identify opportunities for clients and provide market knowledge that is unbiased, thorough and PRD.com.au/CoolumBeach reliable. Heading

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 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 volumes are calculated by PRDnationwide Research. Use with written permission only. All other responsibilities disclaimed. © 2017 Nundah 2nd Half 2017 final.pdf 2 27/07/2017 2:20 PM

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