Published on DNRME Disclosure Log RTI Act 2009

Market Survey Report 2016 for Brisbane City Council

2009 DNRMEAct on RTI

Log

Thursday, 25 October 2018 Published

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2009 DNRMEAct on RTI Log

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This publication has been compiledDisclosure by State Valuation Services , Department of Natural Resources, Mines and Energy.

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Table of contents No table of contents entries found.

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Brief Overview Local Authority Statistics Amount No. of Valuations 334,990 Existing Total Amount($) 189,283,243,153 New Total Amount($) 200,817,023,527 Overall Factor Change 1.061 No of Sales(all sectors) 17,018 Summary of Impacts Land Use No. of Current Total Factor Overall Proposed Total Valuations Value Range Factor Value Single Unit 298,986 $129,237,991,724 1.000- 1.078 $139,307,710,206 Residential 1.300 Rural 8,798 $5,672,356,800 1.000- 1.083 $6,144,264,235 Residential 1.200 Multi-unit 13,905 $23,209,427,015 1.000- 1.045 $24,243,744,752 Residential 1.250 Commercial 6,651 $20,156,531,488 1.000- 0.998 $20,106,385,488 1.100 Industrial 6,529 $10,909,293,626 1.000- 1.000 $10,912,824,846 1.200 2009 Primary 121 $97,642,500 1.000- 1.046 $102,094,000 Production 1.200 Overall Factor Movement Percentage DNRMEAct on RTI Log

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Proposed Valuation Amount Changes Land Use LT 0.8- 0.9- 1.0 1.0-1.1 1.1-1.2 1.2-1.3 GT 1.3 0.8 0.9 1.0 Single Unit 0 1,595,749,417 4,387,997,224 4,538,392,715 617,785,950 Residential Rural 0 44,115,075 34,975,250 365,354,180 Residential Multi-unit 0 84,988,250 561,027,673 274,825,400 Residential Commercial 0 219,000 55,000 Industrial 0 609,750 4,100 Primary 0 277,500 2,467,500 552,000 Production Affected Properties by Proposed Valuation Amount Changes Land Use LT 0.8 0.8-0.9 0.9-1.0 1.0 1.0-1.1 1.1-1.2 1.2-1.3 GT 1.3 Single Unit 100822 60459 89338 44290 4077 Residential Rural 2464 3738 574 2022 Residential Multi-unit 6678 1094 47662009 1367 Residential Commercial 6646 4 1 Industrial 6523 DNRME4 Act1 1 Primary 83 1 34 3 Production on RTI Log

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Area Allocation, Certifications & Approval Area Allocation based on factor input

Valuer Area of Responsibility Daniel Clancy 01:101,01:102,01:103,01:104,01:105,01:106,01:107,01:108,01:109,01:110,01:11 1,01:112,01:113,01:130,01:140,01:201,01:202,01:203,01:204,01:205,01:206,01:2 40,01:601,03:101,03:102,03:103,03:104,03:130,03:201,03:202,03:203,03:204,03: 240,07:101,07:102,07:103,07:104,07:105,07:106,07:107,07:108,07: Ross Cranstoun 09:101,09:102,09:103,09:104,09:106,09:107,09:108,09:201,09:202,09:203,09:20 4,09:205,09:605,16:101,16:102,16:103,16:104,16:105,16:106,16:107,16:108,16:1 09,16:110,16:111,16:112,16:113,16:114,16:115,16:130,16:131,16:132,16:133,16: 201,16:202,16:203,16:204,16:501,16:605 Peter Danaher 10:407,10:408,10:410,18:157,18:202,18:309,18:501 Benjamin Hart 15:101,15:102,15:103,15:104,15:105,15:107,15:108,15:109,15:201,15:202,15:20 3,15:205,15:207,15:208,15:209,15:307,15:309,15:311,15:312,15:313,15:314,15:4 04,15:600,15:601 Adam Hewson 17:101,17:102,17:103,17:104,17:105,17:106,17:107,17:130,17:131,17:132,17:20 1,18:130,18:140,18:150,18:151,18:152,18:153,18:154,18:155,18:156,18:158,18:1 59,18:160,18:161,18:162,18:163,18:164,18:165,18:201,18:203,18:204,18:240 Angela Ives 02:101,02:102,02:103,02:104,02:105,02:106,02:107,02:108,02:109,02:110,02:112009 1,02:130,02:201,02:202,02:203,02:204,02:205,02:206,02:240,02:501,02:601,02:6 05,06:101,06:102,06:103,06:104,06:105,06:130,06:201,06:202,06:203,06:204,06: 240,06:501,06:605,10:110,10:111,10:112,10:114,10DNRMEAct :115,10:116 Scott Lanchester 01:310,01:311,01:312,01:351,01:353,01:420,01:421,01:423,01:424,02:302,02:31 0,02:312,02:351,02:353,02:423,02:425,02:427,03:301,03:310,03:353,03:424,05:3on 01,05:302,05:307,05:308,05:353,05:424,05:430,06:302,06:305,06:310,06:351,06RTI : 353,06:362,06:425,06:426,06:440,07:312,07:351,07:352,07:353,07: Jennifer Manners 08:101,08:102,08:103,08:104,08:105,08:106,08:107,08:108,08:110,08:201,08:20 2,08:203,08:204,08:205,08:601,08:602,09:105,10:113,10:117,10:118,10:119,10:1Log 20,10:130,10:131,10:140,10:201,10:202,10:203,10:204,10:205,10:206,10:240,10: 501,10:502,10:603,10:605,11:101,11:102,11:103,11:104,11:105,11: Elizabeth McNabb 04:101,04:103,04:104,04:105,04:106,04:107,04:201,04:202,04:203,04:204,04:20 5,04:206,04:207,04:211,04:212,04:213,04:214,04:215,04:216,04:217,04:301,04:3Published 02,04:303,04:304,04:305,04:306,04:402,04:405,04:406,04:600,04:603 Sonja Shah 20:173 Yi Wang 05:101,05:102,05:103,05:104,05:105,05:106,05:130,05:140,05:201,05:202,05:20 3,05:204,05:205,05:206,05:207,05:208,05:209,05:240,05:602,05:605,10:101,10:1 02,10:103,10:104,10:105,10:106,10:107,10:108,10:109,12:101,12:102,12:103,12:Disclosure 104,12:105,12:106,12:107,12:108,12:201,12:202,12:203,12:204,14: Kelly Wickham 20:130,20:140,20:150,20:151,20:152,20:153,20:154,20:155,20:156,20:157,20:15 8,20:159,20:160,20:161,20:162,20:163,20:164,20:165,20:166,20:168,20:170,20:1 71,20:172,20:173,20:174,20:175,20:176,20:177,20:178,20:179,20:201,20:202,20: 203,20:204,20:205,20:206,20:207,20:209,20:210,20:211,20:212,20: Certification by Valuers

I, Daniel Clancy, being a registered valuer, do hereby certify that in my allocated area I have completed the market survey in accordance with the requirements of Section 74 of the Land Valuation Act 2010' and that all mandatory steps of the project plan have been completed......

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Daniel Clancy Friday, 21 September 2018 I, Ross Cranstoun, being a registered valuer, do hereby certify that in my allocated area I have completed the market survey in accordance with the requirements of Section 74 of the Land Valuation Act 2010' and that all mandatory steps of the project plan have been completed...... Ross Cranstoun Friday, 21 September 2018 I, Peter Danaher, being a registered valuer, do hereby certify that in my allocated area I have completed the market survey in accordance with the requirements of Section 74 of the Land Valuation Act 2010' and that all mandatory steps of the project plan have been completed...... Peter Danaher Friday, 21 September 2018 I, Benjamin Hart, being a registered valuer, do hereby certify that in my allocated area I have completed the market survey in accordance with the requirements of Section 74 of the Land Valuation Act 2010' and that all mandatory steps of the project plan have been completed...... Benjamin Hart Friday, 21 September 2018 I, Adam Hewson, being a registered valuer, do hereby certify that in my allocated area I have completed the market survey in accordance with the requirements of Section 74 of the Land Valuation Act 2010' and that all mandatory steps of the project plan have been complet2009ed...... Adam Hewson Friday, 21 September 2018 DNRMEAct I, Angela Ives, being a registered valuer, do hereby certify that in my allocated area I have completed the market survey in accordance with the requirementson of Section 74 of the Land Valuation Act 2010' and that all mandatory steps of the project plan have been RTIcompleted...... Angela Ives Friday, 21 September 2018 I, Scott Lanchester, being a registered valuer, do herebyLog certify that in my allocated area I have completed the market survey in accordance with the requirements of Section 74 of the Land Valuation Act 2010' and that all mandatory steps of the project plan have been completed...... Published Scott Lanchester Friday, 21 September 2018 I, Jennifer Manners, being a registered valuer, do hereby certify that in my allocated area I have completed the market survey in accordance with the requirements of Section 74 of the Land Valuation Act 2010' and that all mandatoryDisclosure steps of the project plan have been completed...... Jennifer Manners Friday, 21 September 2018 I, Elizabeth McNabb, being a registered valuer, do hereby certify that in my allocated area I have completed the market survey in accordance with the requirements of Section 74 of the Land Valuation Act 2010' and that all mandatory steps of the project plan have been completed...... Elizabeth McNabb Friday, 21 September 2018 I, Sonja Shah, being a registered valuer, do hereby certify that in my allocated area I have completed the market survey in accordance with the requirements of Section 74 of the Land Valuation Act 2010' and that all mandatory steps of the project plan have been completed......

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Sonja Shah Friday, 21 September 2018 I, Yi Wang, being a registered valuer, do hereby certify that in my allocated area I have completed the market survey in accordance with the requirements of Section 74 of the Land Valuation Act 2010' and that all mandatory steps of the project plan have been completed...... Yi Wang Friday, 21 September 2018 I, Kelly Wickham, being a registered valuer, do hereby certify that in my allocated area I have completed the market survey in accordance with the requirements of Section 74 of the Land Valuation Act 2010' and that all mandatory steps of the project plan have been completed...... Kelly Wickham Friday, 21 September 2018 Principal Valuer Endorsement I, ***VALUER NAME****, being the Principal Valuer responsible for all the valuations in BRISBANE CITY, do hereby certify that in my allocated area I have completed the market survey in accordance with the requirements of Section 74 of the Land Valuation Act 2010' and that all mandatory steps of the project plan have been completed...... ***VALUER NAME**** Friday, 21 September 2018 2009 Area Manager Approval I, ***VALUER NAME****, being the Area Manager responsibleDNRME for BActRISBANE CITY, do hereby certify the market survey has been completed by the above valuers in accordance with the requirements of Section 74 of the Land Valuation Act 2010' and thaton all mandatory steps of the program plan have been completed. The market survey has been formulated based RTIon the best available information at the time of its preparation. It does not purport to be, and should not be interpreted as comprehensively or definitively representing any revaluation undertaken by the Valuer-General under the Act...... ***VALUER NAME**** Log Friday, 21 September 2018 Published

Disclosure

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Single Unit Residential Sales and Impacts on Value

2009 DNRMEAct

on Sales and Analysed Sales Statistics RTI SALES ANALYSED SALES (application rate %) No or All Vac,Dem Median $ Log Factor(V,D) Vacant Sales Basic(90-100%) 1 1 1.05 Vacant Median Support(under 90%) 1 0 Non Vacant Sales Against(over 100%) 1 1 1.05 Non Vacant Median Published Available 3 Valuation Impact Statistics Number of Valuations 298,986 Disclosure Total Current $129,237,991,724 Total Predicted $139,307,710,206 Valuation Valuation Current Median Value $390,000 Predicted Median $425,000 Value Min Factor 1.00 Max Factor 1.30 Overall Factor 1.078 Brisbane Residential Market Report

The Brisbane residential market is struggling to remain firm. According to property industry analysts such as Tim Lawless of RP Data, the Brisbane city dwelling values have increased by 8.3% over the financial year which is lower than what was recorded over the previous two financial years when capital city dwelling values were 9.8% higher over 2014/15 and 10.1% higher in 2013/14.

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JLL Residential Market Survey July 2016 records that the Brisbane Median House price is $525,000. Numbers of houses listed for sale in July 2016 area up 1.5% from July 2015. Brisbane clearance rates have decreased to 42.2% (51.8% this time last year), with the number sold at auction down 21.7% compared to this time last year.

BIS Shrapnel predict the median house price in Brisbane will rise 7 per cent by June 2019.

As inner city suburbs become less affordable Brisbane’s middle to outer ring suburbs such as Banyo and Darra are remain reasonably priced with entry level prices typically $550,000 to $650,000.

Typically, suburbs within 10 kilometres from the Brisbane CBD are showing growth and there is an overall feel that buyer interest is good.

Factor range: Typically the proposed changes range from nil increase up to 10% increase. Some larger increase, up to 30%, are proposed for specific localities to improve relativity.

Balmoral 1000/01 The Balmoral Division comprises inner eastern suburbs within 3 to 10 radial kilometres of the Brisbane CBD. This includes the suburbs of Norman Park, Hawthorne, Bulimba, Balmoral,2009 Morningside, Cannon Hill, Murarrie and Tingalpa. DNRMEAct A total of 14 vacant, demolition, or lightly improved single unit residential (SUR) sales have been analysed thusfar within the Division for the 2016 revaluation.on Sales include:- RTI 6 vacant sales, 1 demolition sale and 7 improved sale.

Up-zoning around the DC1 - District Centre precinctLog of the River gateway neighbourhood plan with adjoining LMR3 - Low medium density residential close to the Cannon Hill retail key activity hub has also resulted in extensive mixed use development approvals for 6-storeys with 192% GFA rates. Early factor increases for this precinct indicate up to 1.60 subject to ongoing QSAS analysis. Published All sales shall undergo further analysis in the lead-up to the 2016 revaluation implementation program.

Overall factor ranges across Balmoral SUR and MUR properties show 1.00 to 1.10 relative to the 2016 revaluation period. Manual changesDisclosure shall also be applied where necessary.

Belmont 1000/02 The Belmont Division is within 8 to 12 radial kilometres from the Brisbane Central Business District (CBD) and within the Residential South Sector. It comprises fourteen residential SMA's ranging from rural homesite to standard allotment sizes. Comprising of the following suburbs or partial suburbs:- Seven Hills, Norman Park, Camp Hill, Carina Heights, Mount Gravatt East, Mainsfield, Holland Park, Tingalpa, Carina, Carindale, Wakerley, Gumdale, Belmont, Ransome and Chandler.

There are 52 vacant analysed sales to date, within the division. The bulk of the sales within the Division are from developer sales.

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Sales indicate a rewrite to a 20 per cent increase across the Division with some manual adjustments.

Recommendations

AVLU 150 Factor 1.00 to 1.20 across the residential SMA's.

Coorparoo 1000/03 The Coorparoo Division is one of the inner most Divisions within the Residential South Sector. It comprises four residential SMA`s ranging from large sites with superior city views, to low-lying sites on small 145m2 size allotments. Divisional suburbs include Coorparoo, Norman Park, Greenslopes, and parts of Camp Hill and Holland Park.

A total of 7 vacant sales have been analysed thus far within the Division for the 2016 revaluation. Sales include:-

All sales shall undergo further analysis in the lead-up to the 2016 revaluation implementation program.

Overall factor ranges across Coorparoo SUR and MUR properties show 1.052009 to 1.10 relative to the 2016 revaluation period. Manual changes shall also be applied where necessary. DNRMEAct South Brisbane 1000/04 on The South Brisbane Division comprises of six residential SubRTI Market Area`s which correspond with the suburbs of West End, Highgate Hill & South Brisbane, Dutton Park, Woolloongabba, Kangaroo Point and East Brisbane. All suburbs are all within a 3km radius the Brisbane GPO and are well connected by roads and public transport. Log

These SMA`s contain sites with a variety of features including large sites with excellent city views, to the low-lying sites on a standard sizedPublished allotments.

This market has continued to remain active over the last three years. The high levels residential amenities and access to the city drives and sustain strong demand for inner city property. Parts of the division entails river views with immediateDisclosure proximity to lifestyle precincts containing shops and restaurants.

There are 16 sales so far of vacant, demolition or lightly improved sales, for the 2016 revaluation; 1 of these are vacant sales, 1 is demolition and the remaining are lightly improved sales. All sites range in size and shape. The vacant and lightly improved sales throughout all suburbs have established a basis on which to review values with sales supporting a steady market from the previous 2015 site values.

This division still holds strong demand, due to its close proximity to the city.

Value Changes could range from 0 - 5% across the inner city market.

Recommendation: SMA 101 - West End - Factor 1

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SMA 103 - Highgate Hill & South Brisbane - Factor 1 SMA 104 - Dutton Park - Factor 1 SMA 105 - Woolloongabba - Factor 1 SMA 106 - East Brisbane - Factor 1 SMA 107 - Kangaroo Point - Factor 1

Stephens 1000/05 The Stephens Division is within 6kms from the Brisbane CBD and one of the inner most Divisions within the Residential South Sector. It comprises of six residential SMA`s ranging from large river front properties, to low-lying flood affected properties on standard lot sizes. Comprising of the following suburbs or partial suburbs: - Mount Gravatt, Yeronga, Tennyson, Holland Park West, Moorooka, Annerley, Tarragindi, Greenslopes and Yeerongpilly.

There are 10 vacant analysed sales to date, within the division which is up in number from previous valuation year and in price. The bulk of sales within the Division are from small lot developments approximately 350m² - 405m² in size.

This is an established division and properties are tightly held due to proximity to the city. Sales indicate a rewrite to 10% increase across the division with some isolated manual adjustments of a 20% increase to maintain relatively. 2009

Recommendations DNRMEAct AVLU 150 Factor 1.00 to 1.15 across the six residential SMA`s

on RTI Tingalpa 1000/06 The Tingalpa Division is within 8 to 14 radial kilometres from the Brisbane Central Business District and within the Residential South Sector. It comprises sevenLog residential SMA's raning from rural homesites to standard allotment sizes. Comprising teh following suburbs or partial suburbs: - Mount Gravatt East, Upper Mount Gravatt, Mansfield, Wishart, Eight Mile Plains, Mackenzie, Rochedale, Burbank and Tingalpa . Published

There are 65 vacant analysed sales to date, within the division. The bulk of the sales within the Division are from developer sales. Disclosure Sales indicate a rewrite to a 30 per cent increase across the Division with some manual adjustments.

Recommendations

AVLU 150 Factor 1.00 to 1.30 across the residential SMA's.

Wynnum 1000/07 The Wynnum Division is situated in the Brisbane Bayside area and comprises 11 residential SMA’s spread across the suburbs of Manly, Manly West, Wynnum, Wynnum West, Lota, Hemmant as well parts of Tingalpa.

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A total of 15 vacant, demolition, or lightly improved single unit residential (SUR) sales have been analysed thus far within the Division for the 2016 revaluation.

All sales shall undergo further analysis in the lead-up to the 2016 revaluation implementation program.

Overall factor ranges across Wynnum SUR and MUR properties show 1.0 to 1.05 relative to the 2016 revaluation period. Manual changes shall also be applied where necessary.

Hamilton 1000/08 In the suburbs of Hamilton, Ascot, Clayfield, Hendra and Albion which comprise the division of Hamilton, 157 single residential properties sold since 1 October 2015. Of these sales only 4 are vacant land or sites for demolition, they range in price from $675,000 to $1,900,0000. Since the last revaluation date 99 properties sold for over $1,000,000. Analysed sales to date support little or no change to the existing values with a small number of exceptions. It is proposed to rewrite current site values for the 2016 revaluation.

Recommendation: AVLU 150 - For most of the Division values will be rewritten. 2009

DNRMEAct Ithaca 1000/09 There have been seven vacant sales of residential landon since 1/10/2015 ranging in size from 329m2 – 603m2 demonstrating sales prices from $419,000 to $750,000RTI in the Ithaca Division. Sales (including improved sales) throughout the Division will continue to be monitored to assess market trends.

Analysis of the above sales indicate a factor of 1.00Log overall for most of the Ithaca Division while there will be site valuation increases of 5% around Bardon and 10% for parts of Red Hill. A review of improved sales throughout the Division during the same period supports the valuation levels of the vacant land sales. Published

Recommendation: Residential land – Proposed factors show no change to existing values in most of Ithaca Division but with moderate manual changes withinDisclosure some parts. The vacant land sales evidence suggests the market to be generally stable in this area. Recommend factor overall of 1.00 with manual changes. SMA 102 will have a factor of 1.05 and SMA 106 will hace a factor of 1.10.

Kedron 1000/10 From October 2015 to July 2016 there were over 260 analysed residential sales in the Kedron division, more than 95% were vacant land sales. Similarly to the previous period, the newer suburbs of Fitzgibbon, Bridgeman Downs and within the new Estate situated within Taigum recorded the majority of the sales.

Overall sales within the other suburbs of the Kedron Division have remained relatively steady. Overall the volume of vacant sales has increased compared to 2015.

There were 82 vacant land sales in Fitzgibbon, all of which have occurred within the UDLA Fitzgibbon

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Chase with no sales occurring in the older parts of Fitzgibbon. Majority of sales within Fitzgibbon were allotments less than 300m² with sales achieving prices from $105,000 to $292,000, reflecting factors range from 1.0 to 1.3 depending on the size of the allotment. It is recommended to manually value this SMA.

Majority of the 99 vacant land sales within Bridgeman Downs came from developer sales through either infill development sites or new residential estates reflecting a factor 1.0.

The 26 sales in Taigum have all occurred within a new subdivision. Majority of the sales show a factor 1.05, however sales of larger allotments around 700m² show a factor 1.15.

Recommendation: For most of the division it is anticipated that values will remain static with an overall factor of 1.0 with the exception of Bald Hill 10% increase, Carseldine 10-20% increase, Fitzgibbon 10-30% increase, Taigum 5-15% increase, Zillmere 10% increase, Geebung 10-20% increase, Aspley 5% increase, Everton Park 20% increase and Chermside 20% increase.

2009

DNRMEAct

on RTI Sandgate 1000/11 Log 25 vacant/lightly improved properties have been analysed for the 2016 market survey. Sales range in size from 385m2 –1100 with sale prices from $225,000 to $600,000.

After analysis, the above salesPublished support an increase in the single residential values in the order of 10%, with the exception of Moreton Island; values show no increase on the island at this stage.

Recommendation: 10% increase.Disclosure

Taringa 1000/12 Taringa Division is within 6kms west of the Brisbane CBD and comprises of 8 residential SMA’s ranging from river front properties, elevated city view properties to low-lying flood affected properties on varying topography and lot sizes. Consisting of the following suburbs or partial suburbs: - Taringa, St Lucia, Indooroopilly and Chapel Hill.

Overall the residential market has been static. There are very limited activities in both land market & improved property market, number of sales has seen a decreasing across inner city suburbs but not in selling price. There have been 6 vacant analysed sales to date which is slightly lower in number from the

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previous valuation year which had 8 vacant sales. The sales indicate a rewrite to 10% increase across the division. Some manual adjustments of 20% increase will be required to maintain relativity.

Recommendations AVLU 150 Factor 1.00 to 1.10 across the eight residential SMA`s.

Toombul 1000/13 26 sales of vacant/lightly improved properties have been analysed for the 2016 single unit residential market survey. They typically range in size from 405m2 to 809m2. Sale prices tend to fall between $290,000 and $590,000.

After analysis, the above sales indicate a change of 0% to 20% increase across the Division. Largest increases are in Banyo and Northgate East.

Recommendation: Approximately half the Division will be rewritten, the balance will increase between 5% and 20%

Toowong 1000/14 2009 The Toowong Division is 4kms from west of the Brisbane CBD comprising of 6 residential SMA’s ranging from river front properties, elevated city view properties, traditionalDNRME preAct-1946 dwellings and flood affected properties. Encompassing the following suburbs; Milton, Auchenflower, Toowong, Paddington and Bardon. on RTI There has been 3 vacant analysed sale to date within is slightly higher than previous years which had only 1 vacant sales. Lightly improved sales have been analysed supporting the vacant sales. Log This is an established division and properties are tightly held due to proximity to the city and amenities. Vacant land within the Toowong division is rare with large portions of the division being subject to the Brisbane City Council TraditionalPublished Building Overlay. Sales indicate a rewrite to 10% increase across the division with some isolated manual adjustments of a 20% increase to improve relatively.

Recommendation: AVLU 150 Factor 1.00 to 1.1Disclosure across the six residential SMA`s Brisbane 1000/15 The Brisbane Division comprises of eight residential Sub Market Area`s which correspond with the suburbs of Petrie Terrace, Spring Hill, Fortitude Valley, New Farm, Newstead/Teneriffe and Bowen Hills, Herston and parts of Kangaroo Point. All suburbs are all within a 3km radius the Brisbane GPO and are well connected by roads and public transport.

These SMA`s contains sites with a variety of features including sites with land areas less 300m2, sites with extensive city and river views and sites located on the riverfront and in low-lying area affected by flooding.

This market has continued to remain active over the last three years. The high levels residential amenity,

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the city and river views and vistas, the proximity to lifestyle precincts containing shops and restaurants all equate to a sustained and strong demand for inner city property.

There has been a total of 32 residential sales of vacant land, demolition and lightly improved sites. Petrie Terrace and New farm recorded the highest number of sales (12) followed by Kangaroo Point( 6) and Spring Hill (5). Out of the eight submarket areas Bowen Hills and Herston are lagging behind others in the number of transactions.

The strong High Density development activity happening around Newstead, Fortitude Valley and Spring Hill is helping the surrounding low density living by providing more amenities and bringing improved connectivity within the precincts.

Though the residential market is remaining active the increases in values appears to have slowed. There is only minor movement with sales showing a maximum of 5-10% increases from existing values. However small parcels less than 300m2 within Spring Hill , Petrie Terrace and Kangaroo Point showing a rise up to 20% owing to better affordability levels.

New farm area has been identified with relativity issues which will show some increases as well as decreases up to 30%. 2009 This division still holds strong demand including low-lying flood affected sites, due to its close proximity to the city. DNRMEAct A small number of properties will need to be manually adjusted, to maintain a relativity of values across the inner city market. on RTI Overall the value changes could range from 5%to 10%.

Recommendation: Log SMA 101 New Farm - Factor 1 SMA 102 Newstead/Teneriffe - Factor 1 SMA 103 Bowen Hills - FactorPublished 1 SMA 104 Spring Hill - Factor 1 SMA 105 Fortitude Valley - Factor 1 SMA 107 Kangaroo Point - Factor 1 SMA 108 Herston - Factor 1 Disclosure SMA 109 Petrie Terrace - Factor 1

Enoggera 1000/16 There have been a number of sales of vacant residential land in the Enoggera Division since 1/10/2015 ranging in size from 340 m2 to 1467 m2 demonstrating sales prices from $289,000 to $562,000. Sales (including improved sales) throughout the Division will continue to be reviewed and assessed as part of the market monitoring process.

After analysis, the sales evidence indicates a factor of 1.00 for most of the Division, with some areas of the suburb of Keperra showing a slight increase of 5%. The other location to show an increase is part of the suburb of Upper Kedron where an increase of 10% is more appropriate. Ferny Grove had a few vacant land sales in one small estate which showed a n increase of 10% but that is not indicative of the

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surrounding SMA101. A review of the improved sales indicates the existing level of value is more appropriate.

Recommendation: Residential land – Most properties within the Dicision will have their values unchanged but with some manual adjustment as required. Recommendation: Most properties will remain at 2015 levels with a factor of 1.0, whilst manual adjustments will be made in certain localities. There will be increases of 5% in SMA 103 and 10% in SMA113.

Moggill 1000/17 The Moggill Division is between 8 and 26kms from the Brisbane CBD and one of the outer Divisions within the Residential North Sector. It comprises of 7 residential SMA`s ranging from large river front properties, to low-lying flood affected properties on standard lot sizes. Comprising of the following suburbs or partial suburbs: - Kholo; Upper Brookfield; Mount Crosby; Lake Manchester; Anstead; Pullenvale; Brookfield; Pinjarra Hills; Kenmore; Kenmore Hills; Chapel Hill; Fig Tree Pocket; Karana Downs; Moggill; Bellbowrie; Indooroopilly; Chuwar.

There are 28 vacant analysed sales to date, within the division which is similar to the previous year. The bulk of sales within the Division are from lots over 500 square metres. 2009

This is an expanding division with active subdivisions. SalesDNRME indicate Acta rewrite of 5% to 10% increase across the division. on Recommendations RTI AVLU 150 Factor 1.00 to 1.10 across the seven residential SMA`s

Log Sherwood 1000/18 The Sherwood Division is between 7 and 18kms from the Brisbane CBD and one of the outer Divisions within the Residential South Sector.Published It comprises of 15 residential SMA`s ranging from large river front properties, to low-lying flood affected properties on standard lot sizes. Comprising of the following suburbs or partial suburbs: - Chelmer; Corinda; Graceville; Sherwood; Oxley; Seventeen Mile Rocks; Jindalee; Westlake; Riverhills; Middle Park; Wacol; Darra; Jamboree Heights; Sinnamon Park; Sumner; Mount Ommaney. Disclosure

There are 39 vacant analysed sales to date, within the division which is up in number from previous valuation year due to two new development sites coming online. The bulk of sales within the Division are from small lot developments approximately 405m² - 620m² in size.

This is an established division and properties are tightly held due to proximity to the city. Sales indicate an increase of up to 10% to certain parts of the division with Oxley being a standout suburb with sales indicating an increase of around 15%.

Recommendations AVLU 150 Factor 1.00 to 1.15 across the fifteen residential SMA`s

Market Survey Report 15 18-228 File A Page 17 of 109

Windsor 1000/19 25 sales of vacant/lightly improved properties have been analysed for the purpose of the 2016 single residential market survey.

The sales typically range in size from 405m2 to 785m2. Sale prices range $430,000 to $770,000.

After analysis, the majority of sales indicate an increase in value to most suburbs in the order of 10% to 30%.

Larger increases will be adopted parts of Newmarket, Windsor and Wilston, up to 50% in some cases.

Greater increases will also apply to site values less than $300,000.

Recommendation: For most of the division it is anticipated that values will change by at least 10%.

Yeerongpilly 1000/20 The Yerongpilly Division is approximately 9 to 28 kilometres south west of Brisbane2009 Central Business District. This division spans over 31 suburbs from Moorooka being the closest to CBD and as far south as Larapinta, and west to Wacol. DNRMEAct Since 1/10/2015 there has been a total of 281 vacant, demolition, or lightly improved single unit residential (SUR) sales that have been analysed to ondate within the Division for the 2015 revaluation. There are 236 land sales of 300m² - 599m² lots, 36 land salesRTI of 600m² - 999m² lots and 10 lots greater than 1000m²

The majority of vacant land sales occurred in the newLog development areas such as Doolandella, Heathwood, Richlands, Kuraby, Drewvale and Stretton and some scattered vacant land sales located in the more established areas. Sales prices range from $200,000 to $970,000. Areas of Doolandella, Drewvale and Heathwood withPublished some areas of Kuraby, Sunnybank, Sunnybank Hills, Salisbury and Coopers Plains were at the lower end of the sales range ranging $200,000 - $398,000. Areas of Stretton, Sunnybank and parts of Sunnybank and Sunnybank Hills were at the upper end of the sales range ranging $400,000 - $960,000. Disclosure There is still activity in the Yerongpilly division where lots of approximately 800m² - 1000m² lots are being subdivided into smaller lots. These smallers lots range from 400m² to 500m² with sale prices ranging from $320,000 to $520,000. Similar to the previous year. Much of this activity has been occurring in areas but not limited to Coopers Plains, Sunnybank, Macgregor, Eight Mile Plains, Rocklea, Mount Gravatt, Moorooka and Salisbury.

Sales indicate a rewrite to 10% increase across the division with some isolated manual adjustments to improve relatively. Runcorn may increase to 25%.

Thus far, recommendation to apply a factor 1.00 to 1.10 to the majority of the SMA's with the exception of Runcorn with a factor of 1.25.

All sales shall undergo further analysis in the lead-up to the 2016 revaluation implementation program.

Market Survey Report 16 18-228 File A Page 18 of 109

2009 DNRMEAct on RTI Log

Published

Disclosure

Market Survey Report 17 18-228 File A Page 19 of 109

Rural Residential Sales and Impacts on Value

2009 DNRMEAct

Overall the range and factors throughout Brisbane rural residential has remained similar to last revaluation, with very few sales occurring. Most divisions will remain at 1.0, however Moggill, Sherwood, and Yeerongpilly divisions show increases up to 1.05 , and Belmont and Tingalpa divisions will have increases up to 1.10.

Market Survey Report 18 18-228 File A Page 20 of 109

AVLU 151 – Overall Factor 1.0 to 1.10

Brisbane North Rural Homesite AVLU 151,183,184,185

Overall the range and factors for north side rural residential has remained similar to last revaluation, with very few sales occurring. Most divisions will remain at 1.0 with Moggill division showing up to 1.05 increase.

AVLU 151 – Overall Factor 1.0 to 1.05

Kedron 1000/10 Rural Home Site property market is realitively small in Kedron Division with a total of 570 properties which are all allocated in SMA130 and 131.

The typical range of site value is from $250,000 to $5,300,000 for land size between 0.1686Ha and 61.0Ha which covers the majority of AVLU151 properties in Kedron. 2009 The larger blocks are mainly located within the suburbs of Bridgeman Downs, Carseldine and McDowall. The site values range from $305,000 to $5,300,000. DNRMEAct

Recommendation: on Sales indicate a rewrite across the division. Factor 1.0. RTI

Log Sandgate 1000/11 There have been no sales of rural homeistes since 1/10/2015. Published Historically, rural home site values in Sandgate Division have been aligned with Kedron and Toombul Divisions.

Recommendation: Disclosure Proposed values will show no change from 1/10/2015. Factor 1.0 is recommended.

Toombul 1000/13 There have been no sales of AVLU 151 since 1/10/2015

Historically, rural homesite values in Toombul Division have been aligned with Kedron and Sandgate Divisions. No sales have occurred in Kedron or Sandgate Division.

Recommendation: Factor 1.00 recommended

Market Survey Report 19 18-228 File A Page 21 of 109

Enoggera 1000/16 There have been no sales of vacant rural home sites since 1/10/2014 in Enoggera Division. However there have been two sales of lightly improved large home sites in Upper Kedron and The Gap which indicate no change in value which is in keeping with what is happening with smaller residential values nearby. There will need to be some manual adjustments to rural home site values in some locations to improve relativity.

Rural home site values in Enoggera Division will continue be reviewed to assess their relativity with nearby smaller residential site values. Sales of improved rural home sites indicate that current site values are generally appropriate with some manual changes.

Recommendation: A review of the rural home site values and smaller residential values in relevant surrounding locations indicate a factor of 1.0 is appropriate.

Moggill 1000/17 The Moggill Division has three rural home site SMA ranging from smaller 4,000sqm sites to 20 hectare sites. 2009 There are 7 vacant analysed sales to date, within the division which is down in number from previous valuation year. The bulk of sales within the Division are from small lot developments approximately 1 – 4 hectares in size. DNRMEAct

Growth in this market was not as strong as expectedon last year. The sales in the area indicate that a reduction within in the SMA of 130 of up to 5% may be requiredRTI to align the values with the current market.

Recommendations Log

AVLU 151 Factor 1.00 to 0.95 across the three SMA`s Published Brisbane South Rural Home Site AVLU 151,183,184,185

Rural Residential land has, toDisclosure date, shown little market activity with very few sales. However there will be some small changes of up to 1.15 to Rural Residential Land across the south.

Balmoral Division: AVLU 151 Factor 1.0

Belmont Division AVLU 151 Factor 1.0

Coorparoo Division: AVLU 151 Factor 1.05

Stephens Division:

Market Survey Report 20 18-228 File A Page 22 of 109

AVLU 151 Factor 1.05

Sherwood Division: AVLU 151 Factor 1.05

Tingalpa Division AVLU 151 Factor 1.05

Yeerongpilly Division AVLU 151, a factor of 1.05

Wynnum Division AVLU 151 Factor 1.0

Overall the Brisbane South Rural Residential Sector shows a factor of 1.0 to 1.10

Balmoral 1000/01 There have been no vacant rural home site sales in Balmoral Division relevant to the period of 2016 market survey 2009

Recommendation DNRMEAct

A factor of 1.05. on RTI Belmont 1000/02 The Belmont Division has no vacant rural homesite anlaysed sales to date. Log Recommendations AVLU 151 Factor 1.00. Published

Disclosure Tingalpa 1000/06 The Tingalpa Division has no vacant rural homesite anlaysed sales to date.

Recommendations AVLU 151 Factor 1.00.

Wynnum 1000/07 There has only been no vacant rural homesite sales within the Wynnum Division.

Market Survey Report 21 18-228 File A Page 23 of 109

Recommendation A factor of 1.05 is recommended with some minor adjustments to maintain relativity.

Sherwood 1000/18 The relativity is reasonable for the AVLU 151 lands. There are a total of approximately 60 large Residential sites in the Sherwood Division. The only grouping of large residential sites is in Oxley directly north of Ipswich Road (Portal St/Douglas St). The remaining sites are scattered throughout the division.

The typical range of site values at Oxley is from $390,000 - $600,000 for land size between 3,500m2 - $7,500m2 which covers the majority of AVLU151 properties in Sherwood.

All relativity appears to be consistent and correct.

Recommendation: A factor of 1.00 is recommended with some minor adjustments to maintain relativity.

Yeerongpilly 1000/20 Rural Home Site property market is realitively small in Yeerongpilly Division with a total of 1192 properties which are all allocated in SMA130. The relativity is viewed as generally reasonable2009 for the AVLU 151 lands in this division.

The typical range of site value is from $700,000 to $1,200,000DNRME for landAct size between 1.0 Ha and 3.0Ha which covers the majority of AVLU151 properties in Yeerongpilly, and the site values are generally over $1.0 million for the larger blocks. on RTI The smaller blocks ( <5000m2) are mainly located in north-east of the division, such as Eight Mile Plains, Stretton etc., which are better areas compared with surrounding suburbs. The typical range of site value is from $600,000 to $1,000,000. Log

There hasn't been much market movements since last reval, there has been a total of 2 sales analysed since 1/10/2016, Sales prices Publishedrange from $280,000 to $910,000 in areas of Willawong and Kuraby.

Sales indicate a rewrite across the division with some isolated manual adjustments to improve relatively.

All sales shall undergo furtherDisclosure analysis in the lead- up to the 2016 revaluation implementation program.

Market Survey Report 22 18-228 File A Page 24 of 109

Multi-unit Residential Sales and Impacts on Value

2009 DNRMEAct

on Sales and Analysed Sales Statistics RTI SALES ANALYSED SALES (application rate %) No or All Vac,Dem Median $ Log Factor(V,D) Vacant Sales Basic(90-100%) Vacant Median Support(under 90%) Non Vacant Sales Against(over 100%) Non Vacant Median Published Available Valuation Impact Statistics Number of Valuations 13,905 Disclosure Total Current $23,209,427,015 Total Predicted $24,243,744,752 Valuation Valuation Current Median Value $960,000 Predicted Median $1,023,000 Value Min Factor 1.00 Max Factor 1.25 Overall Factor 1.045 Multi Unit/Englobo Brisbane The property research group CoreLogic RP Data estimates 44,500 units will be completed in Brisbane over the next two years, sparking fears of oversupply. It is likely some of the proposed developments will not eventuate because it had become harder for developers to secure finance. Tighter lending standards are likely to curb the number of developments that proceed beyond approval stages.

Market Survey Report 23 18-228 File A Page 25 of 109

Brisbane’s growing unit vacancy rate hit 3.8 per cent at the end of last year according to Domain Group data, showing excess rental stock is emerging.

JLL Brisbane Apartment Market Report for February 2016 report that approximately 21,045 apartments are either under construction or being marketed and are expected to complete during 2016-2020 within Inner Brisbane. The Inner North and Inner South Precincts continue to be the focal point of residential development in Brisbane, making up 43% and 31% respectively of supply currently under construction or being marketed.

In the JLL report the development site market is described as follows: "Demand for development sites has begun to ease as the cycle progresses and the number of available premium development sites reduces. However, interest from Melbourne and Sydney based developers has increased as their own local markets become increasingly competitive. They target sites with development approval for around 100-150 apartments with the intention to proceed with the project as soon as possible.

Local developers have begun shifting their attention to smaller development sites with potential to build owner occupier targeted product. For example Spyre Group Australia recently purchased 55 Oxlade Drive in New Farm for $7.2m. 2009 Foreign capital has continued to circle the Brisbane Inner City market, however foreign interest has not been as strong as that experienced in Sydney and Melbourne. Foreign groups have not been willing to compromise on site quality in order to gain exposure to theDNRME Brisbane ActMarket. As a result, they are willing to wait longer to find the ideal site which suites their requirements. Examples include R&F settling on the 16,823m² site at 25 Donkin Street, West End for $82.5mon during 4Q15, the largest ever site sale in Inner Brisbane. And Lei Shing Hong agreeing to purchase the MercedesRTI- Benz dealership site at 365 Wickham Street in Fortitude Valley for $43m."

On the back on the large increases to developmentLog site values in 2015, increases are modest. Recommendations of 10 to 25% are typical. Little change is expected in those inner suburban medium to high density areas where the where developer interest may have peaked. Published General overall factor for multi unit across Brisbane is 1.0 to 1.25.

Balmoral 1000/01 During the period relevant toDisclosure this current market survey, multi unit development activity in this Division has been robust.

There are 4 sales analysed as suitable for the review of existing levels of value.

Sales range in price from $1,296/m2 to $1,528/m2 for LMR site's within the division.

To date there have been no riverfront sites sold for multi unit development.

There is strong evidence to increase multi unit values by 5% in Bulimba & Hawthorne. Other parts of the division support a 0-5% increase, these suburbs are Norman Park, Morningside and Cannon Hill. Multi unit sales in Tingalpa and Murarrie maintain existing levels of value.

Market Survey Report 24 18-228 File A Page 26 of 109

Large multi unit site will follow the market increase of 5%. Large sites will be reviewed in the context of the increases applied to the smaller surrounding multi unit properties.

Recommendation: Overall 5-10% increases within some manuals to correct relativity.

Belmont 1000/02 The Belmount Division multi-unit development sites has continued to remain strong since the release of Brisbane City Council City Plan 2014 and the up zoning of properties. The Division has six SMA's. Overall, the multi-unit market continues to show strong demand for ripe development sites. Sales indicate a rewrite to twenty per cent increase across the multi-unit with some manual adjustments of a ffifty per cent increase to improve relativity.

Recommendations AVLU 250 Factor 1.00 to 1.20

Coorparoo 1000/03 2009 The market for Multi-unit sites, within the Coorparoo Division has increased slightly within the last 12 months. There has been 5 multi-unit sales to date to form a basis for the 2016 revaluation. DNRMEAct There are five Multi-Unit SMA`s within the Coorparoo Division. on The Coorparoo division is showing sales of AVLU 250, with aRTI rate of $977/m2 – $1,149/m2 (Site area).

Overall, there is minor demand for multi-units sites within this division. Log The sales show a factor range of 1.10 - 1.25. Some manual adjustments up to a factor of 1.25 is recommended to keep relativity in-line. Published Recommendation: SMA 201 - Camp Hill - Factor 1.10 SMA 202 - Coorparoo - Factor 1.10 SMA 203 - Greenslopes - FactorDisclosure 1.10 SMA 204 - Holland Park - Factor 1.10

Large Multi-Unit/Englobo:- No large Multi-Unit or Englobo sales within the division to utilise for the 2016 revaluation.

Recommendation: Overall a factor of 1.1 for all SMA's.

South Brisbane 1000/04 The South Brisbane Division has seven multi-unit residential SMA's and comprises the suburbs of West End, Highgate Hill, South Brisbane and Woolloongabba. All suburbs are all within a 3km radius the Brisbane GPO and are well connected by roads and public transport.

Market Survey Report 25 18-228 File A Page 27 of 109

The multi-residential across South Brisbane in 2015-16 has thus far has remained steady, with a number of transactions reflecting increases in values in Woolloongabba. Given the complexities of the area, factors would not be appropriate, with some areas seeing minimal increases, with other up to approximately 50% increases.

Stephens 1000/05 The market activity for multi-unit development sites within the Stephens Division has been static since 1/10/2015 to date. There have been 7 multi-unit sales to date ranging from $700/m² to $1,100/m² for Low to Medium Density zoned property, which are at similar level comparing with previous year’s rates for below 4000m². Whilst there is no sales of over 4000m² for Low to Medium Density zoned properties.

Overall, the multi-unit market continues to show some demand for ripe development sites. Sales indicate a rewrite to 10% increase across the multi-unit with some manual adjustments to improve relativity.

Tingalpa 1000/06 2009 The Tingalpa Division multi-unit development sites has continued to remain strong since the release of Brisbane City Council City Plan 2014 and the up zoning ofDNRME properties.Act The Division has four SMA's. Overall, the multi-unit market continues to show strong demand for ripe development sites. Sales indicate a rewrite to twenty per cent increase across the multion-unit with some manual adjustments of a ffifty per cent increase to improve relativity. RTI

Recommendations AVLU 250 Factor 1.00 to 1.20 Log

Published Wynnum 1000/07 There has been no sales of multi unit redevelopment sites within the Wynnum division for the 2016 revaluation. A 5% increase is recommended which is in-line with the residential sales. Disclosure Recommendation A factor of 1.05 with some manual adjustments to be made where required.

Hamilton 1000/08 Seven sales of multi unit development sites have been analysed to date.

Most of which support little or no change to existing values.

Current values range from $1200/M2 in Clayfield to $1800/m2 in Albion.

It is not proposed to increase these values. A few sales have highlighted some areas in need of 10% increase to b

Market Survey Report 26 18-228 File A Page 28 of 109

Ithaca 1000/09 There has only been one sale of multi-unit land since 1/10/2014 in Ithaca Division and that shows an increase of 10%. Sales and approvals will be continued to be monitored for evidence of multi-unit site value in Ithaca Division.

It is proposed to increase the current MUL site values by 10% throughout the Division mainly to improve relativity with the SUR site values. Some manual adjustment may be required to attain proper relativity with the SUR values.

Recommendation: A general factor increase in Ithaca Division of 1.1 with manual changes as required.

Kedron 1000/10 The latest sales of multi-unit development land support the existing site values with an overall increase of 10%. Sales range in price from $600/m2 to $1,500/m2 over the Kedron Division.

Sales Development sites for Multi Unit have taken place in Aspley, Boondall, Bracken Ridge, Bridgeman Downs, Carseldine, Chermisde, Everton Park, Kedron, McDowall, Stafford, Taigum and Zillmere. The sales show no change to a slight increase in the Kedron Division demonstrating2009 an overall slight increase over the Kedron Division of 10%.

It has been identifed that the sales within the 'Chermside CentreDNRME NeighorhoodAct Plan - Residential South Precinct' have demonstrated an increase of 25% due to the change of density permitted through this Precinct. on RTI Recommendation : Overall Factor 1.10 to 1.25 for the multi-unit within theLog Kedron division. Sandgate 1000/11

There are no sales to indicate Publisheda change to mulit unit properties across the Sandgate Division.

Existing values will remain unchanged.

Recommendation: Disclosure Factor 1.0 recommended

Taringa 1000/12 Multi-unit activity continues to remain strong on the back of changes to the Brisbane City Plan 2014 up zoning areas. There have been 4 multi-unit sales to date ranging from $1,100/m² to $1600/m² for Low to Medium Density zoned properties, which are quite static comparing with the same period last year. Sales of higher density zoned properties are limited within the Taringa Division to date.

Overall, the multi-unit market continues to show strong demand for ripe development sites. Sales indicate a rewrite across the multi-unit with some manual adjustments to maintain relativity.

Market Survey Report 27 18-228 File A Page 29 of 109

Toombul 1000/13 There have been 25 sales of land suitable for multi-unit development relevant to the 2015 market survey for Toombul Division. Sizesranges from 607-1300sqm. Properties are located in Low Medium, Medium Density, High Density, MP3 and MP2 zoned areas.

Sale prices typically range between $850/m2 for a LMR2 site to $1600/m2 for good quality LMR2 site in Clayfield.

The multiunit values in the Division remain solid, recommended increases are typically 10% to 20% This is due to the new City Plan zoning changes and the recent local neighbourhood plan earmarking the area as a high density transit oriented development. The changes allow higher buildings and higher density developments.

Increases to values will adopt $800 tp $1500/m2 in most parts of the division.

Toowong 1000/14 The multi-unit market is buoyant in particular localities of the Division, particularly Toowong and Milton. This is dues to the Brisbane City Plan 2014 zoning changes and the recent local neighbourhood plan earmarking the area as a high density transit oriented development. The changes2009 to the town plan allow for higher buildings and great density developments. Multi-unit development within this division is to date the strongest within the Toowong-Auchenflower Neighbourhood Plan. DNRMEAct There have been 5 multi-unit sales since 1/10/2015 on various zones and lot sizes. Rates of $1,150/m² for Low to Medium Density zoned properties. Similaron rates to previous years for Low to Medium Density zoned properties. Sales for higher density zoned properties areRTI where most of the market activity is occurring. Rates of $2,500/m² to $3,950/m² are up from previous year’s rates for Medium to High Density Residential and Major Centre zoned properties. Log Overall, the multi-unit market continues to show strong demand for ripe development sites. A larger number of mixed use developments are occurring. Sales indicate a rewrite to 10% increase across the multi-unit with some manual adjustmentsPublished for improved relativity and changes in zoning.

Brisbane 1000/15 The Brisbane Division containsDisclosure nine multi-unit residential Sub Market Area`s comprises of the suburbs of Petrie Terrace, Spring Hill, Fortitude Valley, New Farm, Newstead/Teneriffe and Bowen Hills, Herston, Kangaroo Point and East Brisbane. All suburbs are all within a 3km radius the Brisbane GPO and are well connected by roads and public transport.

Multi -Unit development activity within Brisbane division has eased in most of the inner city submarket areas. However Kangaroo Point continues to attract new projects. There are 6 multi-unit sales so far within the Brisbane division and the value changes in Spring Hill ,Bowen Hills are showing between 0% to 10% .Kangaroo Pont sales showing larger increases from 30% to 50%.

Market Survey Report 28 18-228 File A Page 30 of 109

Enoggera 1000/16 There have been four sales for multi unit development since 1/10/2014 in Enoggera Division. Three of the sales in the suburbs of Alderley and Mitchelton show an increase of 10%. The other sale in Gaythorne shows an increase of 25% but this is due to local relativity needing adjustment and is not indicative of site value increase in that SMA.

It is proposed to increase values of multi unit developed land by 10% throughout Enoggera Division partly because of the sales evidence but also to improve relativity with values of single unit sites. Manual adjustments will need to be made in some locations as evidenced by the Gaythorne sale mentioned above.

Recommendation:- Multi unit site values – Factor 1.1 recommended with some manual changes.

Moggill 1000/17 There were no sales of multi-unit development site within the Moggill Division within the last 12 months.

Recommendations AVLU 250 Factor 1.00. 2009

Sherwood 1000/18 DNRMEAct The market activity for multi-unit development sites onwithin the Sherwood Division has continued to remain strong within the last 12 months. There have been 4 multi-unitRTI sales to date ranging from $800/m² to $1,400/m² for Low for Medium Density zoned property.

Overall, the multi-unit market continues to show strongLog demand for development sites especially in the Sherwood SMA of 204. Sales indicate a rewrite in the Sherwood SMA of 20% to improve relativity on properties which have recently changed from single unit dwelling to multi unit sites. Recommendations AVLU 250 Factor 1.00 - 1.20 Published

Windsor 1000/19 Disclosure 10 sales analysed in Windsor Division for the 2016 multi-unit market survey.

Size ranges from 700m -3200 sqm, properties are classified in a Low Medium, Medium, High Density Residential and other classifications under specific City Plan Neighbourhood Plans.

Sale prices range in price from $1100/m2 LMR2 site on Albion Rd, Windsor to $2000/m2 for High Density Res at Lutwyche. The recommended increases range between 10% and 20%, with some site values remaining at 2015 levels.

The multi unit market in Windsor Division has slowed. Primarily due to the large number of developments under construction in close proximity to the CBD,

Recommend a 10% increase to most multi unit site values in the Windsor Division.

Market Survey Report 29 18-228 File A Page 31 of 109

Yeeronpilly 1000/20 Sales of land for englobo and multi unit development during the relevant period are limited but greater in numbers than the 2014 revaluation period. There has been a total of 11 sales of land since 1 October 2015 analysed for englobo and multi unit uses. This has been a 37.6% increase in the volume of sales compared to the previous year.

Out of the 11 sales, 7 have been analysed as englobo sites and 4 have been analysed as multi unit sites. Sale price ranges between $997,000 - $3,182,000.These sales have occurred in Coopers Plains, Calamvale, Sunnybank and Macgregor.

From the sales available, sales ranges on a rate per square metre for englobo sites vary between around $295 per square metre and multi unit sites range between $700 to $900 per square metre.

The up-zoning from LMR to MDR in areas such as Coopers Plains, Macgregor, Mount Gravatt, Sunnybank has reflected in the volume of sales in these areas in 2015 and remains relatively active 2016.

Many areas such as but not limited to Calamvale, Eight Mile Plains, Inala, Richlands, Doolandella have a zoning of Emerging Community being developed into multi unit sites.

Sales indicate a rewrite to 10% increase across the division with some isolated2009 manual adjustments to improve relatively in areas. DNRMEAct Recomendations: Englobo sites - an overall factor of 1.0 on RTI Multi unit sites - a factor between 1.00 and 1.10 to the majority of the SMA's with manual adjustments to some pockets within the division. Log Large Multi Unit sites - an overall factor of 1.00 with manual adjustments to some areas.

All sales shall undergo further Publishedanalysis in the lead- up to the 2016 revaluation implementation program.

Disclosure

Market Survey Report 30 18-228 File A Page 32 of 109

Commercial Sales and Impacts on Value

2009 DNRMEAct

on Sales and Analysed Sales Statistics RTI SALES ANALYSED SALES (application rate %) No or All Vac,Dem Median $ Log Factor(V,D) Vacant Sales Basic(90-100%) Vacant Median Support(under 90%) Non Vacant Sales Against(over 100%) Non Vacant Median Published Available Valuation Impact Statistics Number of Valuations 6,651 Disclosure Total Current $20,156,531,488 Total Predicted $20,106,385,488 Valuation Valuation Current Median Value $1,000,000 Predicted Median $1,000,000 Value Min Factor 1.00 Max Factor 1.10 Overall Factor 0.998 Brisbane CBD The Brisbane Central Business District (CBD) is located on a point, known as Gardens Point, on the northern bank of the Brisbane River. It is bounded by the Brisbane River to the east, south and west. To the north, the CBD is bounded by the inner city suburbs of Petrie Terrace (north-west), Spring Hill (north) and Fortitude Valley (north-east). The Brisbane CBD is an area density populated with various grades of commercial office buildings, a broad range of high density short and long term residential apartment

Market Survey Report 31 18-228 File A Page 33 of 109

buildings and a mix of low rise retail buildings and shopping centres centralised in a major retailing precinct encompassing the pedestrian-only Queen Street Mall.

Notable activity between July 2015 and July 2016 include; • The property at 45 Charlotte Street, known as the festival car park, sold in March 2016 for $45m. The selling agent have reported that “this strong sale result reflects both the confidence in the Brisbane market from offshore groups and highly strategic location and uniqueness of the asset.” The property was purchased by the Australian-Chinese consortium behind Brisbane’s $2b Queens Wharf Casino project. The site is currently improved with the only standalone 9-storey car park with 412 parking bays in the CBD.

• Two adjoining sites owned by Ross Neilson at 205 North Quay (2,052m2) and 30 Herschel Street (911m2) are currently being marketed For Sale by both CBRE & JLL, known as “The Quay.” The total land area is 2963m2 with EOI for a 50% to 100% interest closing by 4pm 21 July Thursday 2016. Describes as a once-a-in-generation waterfront development opportunity, flexible zoning allowing a combination of uses, never-to-be-built-out views, in close proximity to Queen’s Wharf Project.

• The sale of 62 Ann Street, known as the Primary Industries Building, sold for $63m, which was purchased by QIC for $37m in 2013. The site includes a heritage listed building and shed. The site was purchased by Singaporean-listed property developer Wee Hur Holdings for redevelopment2009 (short to medium term) into a single tower, commercial at podium levels and residential use above. The property is leased to the State of Queensland until April 2017. DNRMEAct • Sales of Commercial Office/Retail Buildings include 1. 215 Adelaide Street sold for $224m in Juneon 2015 2. 1 Eagle Street sold for $592m to Dexus Propety GroupRTI in June 2015 3. 45 Eagle Street sold for redevelopment for $43m in June 2015. 4. 201 Charlotte Street 81.5m in December 2015 5. 313 Adelaide Street sod for 125.4m in OctoberLog 2015 6. 420 George Street of $20m in July 2015 7. 41 George Street sold for $159,800,000 in December 2015 8. 357 Turbot Street $108,088,234Published in July 2015

It is recommended that for AVLU 350 (SMA 311) Factor 1 is applied and some manual adjustments for relativity. Disclosure Brisbane CBD Fringe The Brisbane CBD Fringe market is characterised by a mix of uses including various grade of commercial office accommodation, medium density short and long term residential accommodation as well as the retail and entertaining precincts including predominately Brunswick Street Mall in Fortitude Valley and Grey Street & Little Stanley Street in South Brisbane.

For the urban renewal precinct areas of Fortitude Valley, South Brisbane, Newstead and Bowen Hills, development approvals and the construction of a number of commercial and multi-unit residential projects have commenced including a number of buildings in and around the Gasworks and precent to the south between Longland Street and Commercial Road, around the Emporium in Fortitude Valley and in the Urban Renewal precinct of Bowen Hills. Spring Hill has also seen a number of site purchaser for redevelopment, with the upcoming Draft Spring Hill Plan, set to increase densities considerably.

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Developers are still active, purchasing lightly improved properties for future redevelopment, predominantly in the Fortitude Valley, Bowen Hills, Newstead, Spring Hill and South Brisbane area. This is evidence of the continuing demand for these areas because of their proximity to the CBD, parklands, retail and town planning relaxations.The majority of development sites are being utilised for multi-unit residential development.

South Brisbane has a demolition sale that obtained a commercial DA for 4 storey commercial building. Multi-unit development sites continue to drive the South Brisbane commercial market.

Areas include Spring Hill, Fortitude Valley, South Brisbane, West End, Newstead and Bowen Hills

Overall the outlook remains positive for the CBD Fringe market.

It is recommended that for AVLU 350 Factor 1 is applied with some manual adjustments.

Commercial The Brisbane commercial market has been divided up into eight main geographical areas along the main transport routes out from the CBD. They consist of Sandgate Road, Gympie Road, Enoggera Road, Given Terrace, Moggill Road, Ipswich Road, Logan Road and Wynnum Road.2009 It is noted the new Brisbane City Plan 2014 came into effect 30 June 2014. To date there have been approximately 101 commercial salesDNRME acrossAct Brisbane. Forty of these have transacted in the CBD or city fringe suburbs. As stated above it should be noted that the significanton volume of multi-unit residential sales that have transacted within close proximity to commercial centres fromRTI 2015 has slowed, but prices paid indicate a stable market. The relevance of these multi-unit sales to the commercial market under the new City Plan seems appropriate given the several sales on commercial zoning which have indicated higher prices over and above the adjoining multi-unit zonings that haveLog no potential for commercial. The Sandgate Road Precinct runs through the suburbs of Albion, Clayfield, Hamilton, Toombul, Nundah, Virginia, Deagon and Sandgate. Multiple sales of either full Mixed Use Residential (MUR) or mixed use redevelopment sites have transacted in and around the NundahPublished Village retail precinct including 1289 Sandgate Road Nundah, 6 Masefield Street Nundah and 31 Dover Street Albion. Gympie Road Precinct runs through the suburbs of Windsor, Lutwyche, Kedron, Chermside, Aspley, Taigum, and Bald Hills. Only a couple of developmentDisclosure sales of either full Mixed Use Residential (MUR) or mixed use sites have transacted in and around the Lutwyche in contrast to many sales recorded in 2015. A multi-unit sale at 11-15 High Street, Lutwyche sold shows a very slight decrease in the existing Site Value. As across Brisbane the predominance of MUR sales, located close to commercial precincts, had slowed dramatically. Enoggera Road Precinct runs through the suburbs of Kelvin Grove, Newmarket, Gaythorne, Enoggera, Everton Park, Mitchelton, Keperra and Ferny Grove. No development sales have been recorded in 2016 to-date. Given Terrace Precinct includes the suburbs running along Waterworks Road and Given Terrace. These suburbs comprise Red Hill, Ashgrove, The Gap, Paddington and Bardon. No lightly improved or vacant commercial land sales have occurred during 2016 within this precinct. Moggill Road Precinct includes the suburbs of Milton, Toowong, Taringa, Indooroopilly and Kenmore. A Major Centre zoned sale at 45 High Street, Toowong sold with existing improvements and have lodged

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an application to redevelop the site. The initial analysis supports the current applied site values within the location. Ipswich Road Precinct includes the suburbs of Annerley, Yeerongpilly, Moorooka, Oxley, Mount Ommaney, Graceville and Sherwood. This precinct includes a large number of properties which were impacted by the January 2011 Flood Event. Sales in the last three years have seen the detrimental impact of the 2011 Flood event on sales activity and prices heavily diminish when compared to non-flood impacted property. Sales activity of commercial land is still subdued in this area. Only two improved sales have occurred within this precinct. Sales indicate that values in this precinct will remain unchanged. Logan Road Precinct includes the suburbs of Greenslopes, Holland Park, Mount Gravatt, Upper Mount Gravatt and Eight Mile Plains. No vacant or lightly improved sales have occurred in this precinct during the first half of 2016. Wynnum Road Precinct includes the suburbs of Coorparoo, Camp Hill, Carina, Carindale, Bulimba, Morningside, Cannon Hill, Tingalpa, Manly and Wynnum. Although there has been a lack of vacant or lightly improved commercial sales evidence since 1st October 2014, there has been some improvement in turnover of multi-unit development sales indicating the current site values are supported. Since the sale of 689 New Cleveland Road, Gumdale to be re-built as a petrol station several other petrol station sales have occurred such as 170 Bennetts Rd, Norman Park, which indicate that petrol stations are well supported at current levels or slightly undervalued in some locales. A2009 review of petrol stations is required Brisbane-wide. DNRMEAct on RTI Log

Published

Disclosure

Market Survey Report 34 18-228 File A Page 36 of 109

Industrial Sales and Impacts on Value

2009 DNRMEAct

on Sales and Analysed Sales Statistics RTI SALES ANALYSED SALES (application rate %) No or All Vac,Dem Median $ Log Factor(V,D) Vacant Sales Basic(90-100%) Vacant Median Support(under 90%) Non Vacant Sales Against(over 100%) Non Vacant Median Published Available Valuation Impact Statistics Number of Valuations 6,529 Disclosure Total Current $10,909,293,626 Total Predicted $10,912,824,846 Valuation Valuation Current Median Value $850,000 Predicted Median $850,000 Value Min Factor 1.00 Max Factor 1.20 Overall Factor 1.000 Albion SMA 411 There are 222 properties in the SMA of Albion. The majority of these are smaller industrial properties, which are older in nature. The Northern portion of the SMA lies predominately on the Eastern side of the Southern end of Sandgate Road, following the curve of Breakfast Creek. The Eastern side of the SMA abuts Allan Border Field and Albion Park Raceway. There are a few properties at the Northern end of

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this SMA clustered off Dover and Burdett Streets.

The Southern end of the SMA has the bulk of properties forming a cluster surrounding Hudson Rd in the suburb of Albion. This cluster is bounded by Sandgate Rd to the East and McDonald Rd to the West and extends up to Albion Rd to the North.

There have been no sales within this SMA. Sales evidence from other Brisbane locations indicate a rewrite to the existing values.

Darra SMA 433

The south and western regions of this SMA are still located in the division of Sherwood and borders the division of Yeerongpilly (literally across the road). This area takes in the western part of Wacol, Oxley and Darra and parts of Carole Park bordering Ipswich 2009 Proposed factor 1.0 with manual adjustments in some areas. DNRMEAct Eaglefarm East SMA 403 on There are 372 properties in the SMA of Eagle Farm East spreadRTI over the suburbs of Eagle Farm and Hamilton. Geographically the Eagle Farm portion of the SMA contains the properties to the East of Southern Cross Way, bounded by Links Ave. Links Ave becomes Schneider Rd after the crossing of Eagle Farm Rd. The SMA’s Northern boundary is theLog Rail Line.

The Hamilton portion of the SMA includes properties West of Southern Cross Way. The Southern section of the SMA comprises establishedPublished industrial properties, while the Northern comprises the recently developed Australia Trade Coast Precinct.

Eagle farm is considered to be one of the premium industrial precincts in Brisbane due to its proximity to the M1 and the port. Due to Disclosurethe developed and tightly held nature of this precinct and the sales from other areas of Brisbane, at this stage it is proposed to rewrite the industrial land in this precinct. Additionally, the view of the SVS that the older steel framed and metal clad improvements adding little value to the market may be starting to show with a number of older building being substantially refurbished or removed to make way for new buildings.

Eaglefarm North SMA 405 The SMA of Eagle Farm North consists of 152 properties. It is bounded by Southern Cross Way to the East and the Airport Rail Line to the North. Surrounding residential development lies to the West and South. The SMA is geographically located within the suburb of Hendra. There are 3 main streets of industrial development within this SMA being Nudgee Rd, Navigator Place and Hedley Ave.

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Due to the developed and tightly held nature of this precinct and the sales from other areas of Brisbane, at this stage it is proposed to rewrite the industrial land in this precinct. There is however some anecdotal evidence such as increasing rent levels, and increased vacant possession improved sales. Additionally, the view of the SVS that the older steel framed and metal clad improvements adding little value to the market may be starting to show with a number of older building being substantially refurbished or removed to make way for new buildings.

Eaglefarm West SMA 404 The SMA of Eagle Farm West contains 135 properties. It predominantly lies to the South West of Southern Cross Way extending down to the Brisbane River. The area near the river is covered by what was formally the UDLA development area and properties within this area are bound to certain restrictions of use in relation to this.

Eagle farm is considered to be one of the premium industrial precincts in Brisbane due to its proximity to the M1 and the port. Due to the developed and tightly held nature of this precinct and sales in other locations of Brisbane a rewrite of existing values is proposed ta this stage. East Brisbane 2009 SMA 424 East Brisbane industrial is contiguous with South Brisbane 1000/04`s Woolloongabba, Deshon St industrial area and spans the local government areas borderDNRME of 1000/06Act (Tingalpa) and 1000/03 (Coorparoo) and 1000/01 (Balmoral).. on Although the Woolloongabba, Deshon St industrial area is showingRTI possible increases largely due to sales of industrial along Logan Rd changing to Multi-unit use. The East Brisbane area separated by Norman Creek, is lower lying and generally considered slightly inferior. There has been one sale over Norman Creek in South Brisbane at 1027 Stanley StLog East indicating a rewrite of industrial values and improved, vacant possession sales would indicate no measureable increase or decrease in the market from the level of values already applied. Published Eight Mile Plains SMA 426 Eight Mile Plains industrial is located in the Brisbane Technology Park estate and in two office park developments along Logan Road.Disclosure "Brisbane Technology Park was primarily developed for high-end industrial uses such as the bio-med and aviation industries.

There have been no recent vacant or development sales in this industrial area over the last 12 months. It is proposed to apply a factor of 1.0

Extractive SMA 440 There are 13 properties within this SMA. These properties are sited sporadically across the whole of the Brisbane Region. There are 3 quarries located at the Western end of the Division of Enoggera in the suburb of Keperra.

There are 2 quarries located within the Division of Moggill at the Western end of the division, within the

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suburb of Kholo. The extractive industries located in Sherwoodm area are comprises land used by Boral. This area is currently under redevelopment from extractive to fully serviced and developed vacant Industrial land.

The Southside extractive properties are generally located in the Rochedale and Mackenzie areas and consist mainly of land owned by Boral abutting the Gateway Motorway within the Division of Tingalpa. A further smaller area of extractive land located to the North West of the intersection of Wynnum Rd and the Gateway Motorway within the suburb of Tingalpa exists.

The proposed factorfor all extractive properties is 1.0

Geebung Virginia SMA 407 There are 510 properties located within the SMA of Geebung Virginia. The majority of these are triangulated between Sandgate Rd at the East, the North Coast Railway to the West and Zillmere Road which forms the Northern boundary. There are two additional pockets of industrial properties within this SMA, one extending South from Radley St and the other surrounding the Southern termination of Bilsen Rd. 2009 There have been limited sales in this area which have analysed to a mixed bag of results. Given the variance within the sales evidence attention to this area isDNRME required. SomeAct manual adjustments across the area may be required. on Heathwood Larapinta Parkinson RTI SMA 431

This SMA incorporates the industrial estates at Heathwood,Log Larapinta, Parkinson and the more recent Berrinba development.

A new industrial estate within HeathwoodPublished has recently been completed. A sale within this estate supports the current levels of value within this precinct. A rewrite of the existing levels of value is proposed.

Mansfield Disclosure SMA 425 Mansfield industrial is located west of the intersection of Creek Rd, Newman Rd and Cavendish Roads at Mansfield and crosses the border of the local government areas of 1000/06 (Tingalpa) and 1000/02 (Belmont). Mansfield consists of mixed sized, generally older industrial buildings, some with commercial components and has been tightly held traditionally. This area was reviewed 1/10/2014 and still it is intended to apply a factor 1.

Milton Toowong SMA 413 There are 155 properties within the SMA of Milton Toowong. The portion of the SMA which is located

Market Survey Report 38 18-228 File A Page 40 of 109

within the division of Taringa has the bulk of properties clustered between Moggill Rd and the rail line West of Swann Rd.

These is a cluster of properties between St Francis Theological College and Suncorp Stadium, with some outlying properties gathered into this SMA that lie within the division of Ithaca.

The properties located within the division of Toowong are dispersed throughout the division. Some of these properties are in small clusters, however many are stand alone. A number of these properties have been rezoned allowing medium density multi-unit development.

There have been no sales within this SMA. Sales evidence from other Brisbane locations indicate a rewrite to the existing values.

Myrtletown SMA 401 The SMA of Myrtletown consists of 251 properties. It is bounded by Luggage Point Waste Water Treatment Plant to the North terminating at the junction with Priors Rd to the South. The SMA geographically encompasses 3 main roads being Bancroft, Main Beach and Sandmere roads. Properties within this SMA are generally filled due to the low lying nature of the land. 2009 In 2015 a number of vacant sales occurred increasing the site values by 20 to 50%. Since this period the market has remained quiet with no development or vacantDNRME sales occurring.Act However, the location continues to progress with development of last years vacant sales. Proposed factor 1.0 to apply. on Newmarket RTI SMA 412 There are 180 properties within the Newmarket SMA. Within the division of Ithaca these are predominately clustered around Bishop St, Kelvin Grove,Log with some outlying properties.

Within the division of Enoggera the major concentration of properties are clustered around Pickering St East of South Pine Rd in the suburbPublished of Alderley.

The properties are in 4 major clusters within the division of Windsor. These clusters are adjacent to Lutwyche Rd and Newmarket Rd within the suburbs of Albion, Windsor, and Newmarket. Disclosure Due to the developed and tightly held nature of this precinct and the sales from other areas of Brisbane, at this stage it is proposed to rewrite the industrial land in this precinct.

Northgate Banyo SMA 406 There are 506 properties within this SMA. The majority of these lie between the Gateway Motorway and the Shorncliffe Rail line, with smaller clusters along Nudgee Rd and the Western side of the train line. This is a well established industrial area, with some of the properties and improvements considered second tier. While this area still has good access to the Gateway Motorway and thus the M1, it is considered to be slightly less premium than Eagle Farm.

There is a paucity of vacant sales in this SMA. Due to the developed and tightly held nature of this

Market Survey Report 39 18-228 File A Page 41 of 109

precinct and the sales from other areas of Brisbane, at this stage it is proposed to rewrite the industrial land in this precinct.

Pinkenba SMA 402 The SMA of Pinkenba consists of 289 properties. It incorporates Bulwer Island and the North Eastern portion Pinkenba surrounding the village of Pinkenba. It terminates at the Eastern end of Eagle Farm. Sites within this SMA are generally larger industrial in nature.

In 2015 a number of vacant sales occurred increasing the site values by 20 to 50%. Since this period the market has remained quiet with no development or vacant sales occurring. However, the location continues to progress with development of last years vacant sales. Proposed factor 1.0 to apply.

Rocklea Beaudesert Road SMA 430

There are 1639 properties in the Rocklea-Beaudesert area. Geographically the SMA incorporates the established industrial suburbs of Acacia Ridge, Archerfield, Coopers Plains, Salisbury, Oxley, Moorooka and Rocklea. These industrial areas are characterised by older style sheds in2009 established areas. This SMA caters for the full gamut of industrial uses from traditional smaller and larger sheds with hardstand storage and parking areas, through to service/retail industrial uses such as showroom and hardware outlets to full retail/display showrooms and sales yards. DNRMEAct

This SMA includes a large number of flood prone industrialon properties within the suburbs of Rocklea and Coopers Plains. The department continues to monitor this marketRTI very closely. To date, flood allowances have proven satisfactory and should be continued.

Development and Vacant sales number have dramaticallyLog reduced over the last year within this precinct. However the sales to-date show a stable market. Proposed factor 1.0 to be applied. Sandgate Industrial Published SMA 409 There are 98 industrial properties within the division of Sandgate. All these properties are contained within the one SMA. There are two main clusters of these properties. The first being either side of Connaught St and the secondDisclosure located on the Southern side of Rainbow St between Knox and Curlew Street. A secondary cluster of industrial properties is located at the termination of Station Road.

No vacant or lightly improved have occurred in 2016 at this time. A rewrite of the current levels is proposed.

Stafford Kedron SMA 410 There are 174 industrial properties within this SMA. These properties are dispersed throughout the remainder of the division of Kedron not covered by SMA’s 407 and 408. Some of these properties are in small clusters, however many are stand alone.

Market Survey Report 40 18-228 File A Page 42 of 109

There have been no vacant sales within this SMA. Sales evidence from other Brisbane locations indicate a rewrite to the existing values.

Tingalpa SMA 423 Tingalpa industrial fronts Manly Rd and runs up New Cleveland Rd in the suburbs of Tingalpa and Wakerley spanning the local government areas of Belmont (1000/02) and Balmoral (1000/01). Until recently it consisted mainly of older improved properties over a hectare in size and an older industrial estate off Wynnum Rd inbound, but in recent years has seen several small lot developments.

Recent trend in the industrial in this area is the further subdivision of the larger, older industrial parcels in Wakerley in particular.

Improved sales indicate there will be no change in value for the larger sites.

Trade Coast South East SMA 421 There are 425 plus properties located within the SMA of Trade Coast South East. This SMA consists of the suburbs of Hemmant, Lytton and the Port of Brisbane and is located on the2009 southern bank at the mouth of the Brisbane River. Trade Coast South East stretches from Murarrie in the West and hugs the river to Lytton in the east. It overlaps the local government areas of Wynnum (1000/07) and Balmoral (1000/01). DNRMEAct Trade Coast South East is thought of as the most highly desirable industrial land in Brisbane and its sales and values reflect this. Although vacant land is becomingon more scarce further land is being released in the near future by the Port of Brisbane Corporation releasingRTI surplus lands at Colmslie and Port Gate at Lytton.

Trade Coast South East (Lytton) has benefitted fromLog the opening of Port Link road with its main impacts leading to increased sales of the few remaining vacant land blocks along Export St, Lytton. The first 3km of Port Link was opened late 2012. Published Within the Port of Brisbane further reclamation works will continue to come online into the next ten years creating room for further stevedoring companies and ancillary industrial. Some growth is being tempered by rail transport being at capacity. Disclosure The sales that have occurred were fully applied 1/10/2015 and indicate indicate no market movement in the last twelve months.

Trade Coast South West SMA 420 Trade Coast South West encompasses industrial land West of Murarrie (Trade Coast South East); Morningside, west through to the suburbs of Balmoral and Bulimba.

Market Survey Report 41 18-228 File A Page 43 of 109

impacted on land prices being paid. It`s Lack of stock and direct competition from the encroaching, alternative use of multi-unit residential developments has seen sales reflecting a premium for location.

The only useful sales that have occurred in this SMA to date have been improved sales. No development or vacant sales have occurred during 2016. Proposed factor 1.0 to apply.

Wacol Richlands SMA 432 This area covers Wacol, Richlands, Darra and Oxley Industrial south of Boundary Road and west of Kimberley Street. The area is contiguous to large tracks of Future Industrial lands in parts of Carole Park in the City of Ipswich.

This location continues to perform as one of Brisbane's most active industrial markets. However, the number of transactions within this precinct is down on previous years. This area generally reflects no real change in value overall factor 1.0

Wynnum 2009 SMA 422 Industrial lands in Wynnum consist mainly of small, light industrial use blocks such as auto repairers/mechanics and other small scale industrial. MostDNRME is located Acton side roads directly off Tingal Rd just north of the Wynnum Business Centre. on Historically Sales in this area were for the demolition of low bay,RTI cinder block sheds for redevelopment into high-bay, tilt-wall sheds with some second storey office space.

A very low number of sales have occurred in this precinct.Log These sales have all indicated a market that has not moved in the last twelve months.

Published Zillmere SMA 408 There are 24 properties in this SMA which is clustered on the Northern side of Zillmere Rd extending West of the Northern Rail LineDisclosure to Aspley High School.

There have been no vacant sales within this SMA. Sales evidence from other Brisbane locations indicates a rewrite to the existing values.

Brisbane Inner City The Inner City Industrial market comprises of small light industrial pockets located along the highly visible transport routes including Abbotsford Road at Bowen Hills, Breakfast Creek Road at Newstead, Montague Road at West End and Logan Road at Woolloongabba.

These industrial areas are also located in close proximity to tidal flooding Creeks and Rivers and a majority of properties were subject to inundation in the January 2011 floods.

Market Survey Report 42 18-228 File A Page 44 of 109

All these areas have experienced the growing pressure for urban renewal and industrial buyers are competing with developers for key redevelopment opportunities as densities and building heights continue to increase.

Because of this, these areas are remaining tightly held and there are limited sales throughout 2015-16.

Although there is a lack of vacant or lightly improved sales in the area purely for industrial use, there is no sign of the market declining and we would suggest that the Industrial values should remain unchanged.

Relativity in general is within acceptable level.

It is recommended that for AVLU 450 Factor 1 is applied with some manual adjustments.

Chandler Capalaba West SMA 427

Chandler Capalaba West is a pocket of industrial abutting Redland City Council and isolated pockets along New and Old Cleveland Roads such as landscape suppliers.

This industrial generally follows Capalaba industrial or Wakerley/Tingalpa industrial2009 depending on where it is located and its size. Sales in Tingalpa and Wakerley would indicate that the market has not moved and therefore a factor 1 will be applied to this industrial. DNRMEAct on RTI Log

Published

Disclosure

Market Survey Report 43 18-228 File A Page 45 of 109

Primary Production Sales and Impacts on Value

2009 DNRMEAct

Market Survey Report 44 18-228 File A Page 46 of 109

Sub Market Area Vacant Analysed Sales Summary Land Use Basis LGA SMA Method NoVAC MinFactor MaxFactor Median Category Single Unit basic 1000/10 120 SITE 1 1.05 1.05 1.05 Residential

2009 DNRMEAct on RTI Log

Published

Disclosure

18-228 File A Page 47 of 109

Market Survey 2015 BRISBANE CITY

2009 DNRMEAct on RTI Log

Published

Disclosure

18-228 File A Page 48 of 109 Market Survey 2015 BRISBANE CITY

Table of Contents

Local Government Area Map ...... 2 Brief Overview ...... 4 Projected Impacts of Annual Valuation ...... 4 Single Unit Residential ...... 5 Rural Residential ...... 14 Multi-unit Residential ...... 18 Commercial ...... 26 Industrial ...... 31 Primary Production ...... 39 Analysed Sales (QSAS) ...... 40 2009 Local GovernmentDNRME Area MapAct

on RTI Log

Published

Disclosure

Page 2 of 62 18-228 File A Page 49 of 109 Market Survey 2015 BRISBANE CITY

2009 DNRMEAct on RTI Log

Published

Disclosure

Page 3 of 62 18-228 File A Page 50 of 109 Market Survey 2015 BRISBANE CITY LGA Statistics Amount

Brief Overview Total Valuations in LGA 332978 Existing $ Amount $171,293,113,608 New $ Amount $182,047,568,895 Overall Factor Change 1.06 No of sales (all sectors) 10,053 since last Market Survey

Projected Impacts of Annual Valuation

Valuations No of Valns Current Value Factor Range MS Factor Predicted Value Single Unit 297317 $119,152,298,178 0.95 to 1.4 1.048 $124,866,914,520 Residential Rural Residential 8886 $5,519,315,600 1 to 1.1 1.009 $5,571,565,510 Multi-unit 13477 $19,769,492,005 1 to 1.5 1.088 $21,504,132,822 Residential Commercial 6592 $16,107,569,251 1 to 1.3 1.194 $19,233,358,139 Industrial 6575 $10,641,458,574 1 to 1.3 1.012 $10,768,617,904 Primary 131 $102,980,000 1 to 1 1.000 $102,980,000 Production 2009

DNRMEAct on RTI Log

Published

Disclosure

Page 4 of 62 18-228 File A Page 51 of 109 Market Survey 2015 BRISBANE CITY Single Unit Residential Sales and Impacts on Value

Valuations

Number of Valuations 297317 Total Current $ Amount $119,152,298,178 Current Median Value $355,000 Min Factor 0.95 Max Factor 1.4 Overall Factor 1.048 Total New $ Amount $124,866,914,520 New Median Value $375,000

Sales

Sales Amount Vacant 522 Median Price Vacant $307,500 Sales Amount Non Vacant 9008 Median Price non Vacant $575,250

Brisbane Residential Market Report 2009

Confidence in the Brisbane residential market continues in 2015.DNRME AccordingAct to property industry analysts such as Tim Lawless of RP Data, the Brisbane residential market has increasedon by 12.4 percent this financial year, the fourth highest rate of growth in the country. RTI

As inner city suburbs become less affordable Brisbane’s middle-ring suburbs, 6 to 8 kilometres from the city, remain reasonably priced with entry level prices typically $500,000Log to $600,000. These suburbs are enjoying a “wave of price appreciation” .

Typically, suburbs within 10 kilometresPublished from the Brisbane CBD are showing growth and there is an overall feel that buyer interest is good.

Factor range: Overall the proposed changes range from 5% decrease up to 40% increase. The larger increases are mostly in areas where the existing levelsDisclosure of value require adjustment to improve relativity.

Balmoral 1000/01

The Balmoral Division comprises inner eastern suburbs within 3 to 10 radial kilometres of the Brisbane CBD. This includes the suburbs of Norman Park, Hawthorne, Bulimba, Balmoral, Morningside, Cannon Hill, Murarrie and Tingalpa.

A total of 40 vacant, demolition, or lightly improved single unit residential (SUR) sales have been analysed thus far within the Division for the 2015 revaluation. Sales include:-

18 x 400-695m2 (no-subdivision) SUR blocks

22 x 465m2-1,0124m2 SUR properties ear-marked for either AVLU: 150 or 250 sub-division comprising:- - Split lots post-sale ranging from 439-599m2 including predominantly full as opposed to partial demolition and/or relocation of existing dwelling. - 10 x sales flagged for multi-unit residential (MUR) development. See below*.

Page 5 of 62 18-228 File A Page 52 of 109 Market Survey 2015 BRISBANE CITY A total of 32 vacant, demolition, or lightly improved MUR related sales have been analysed within Balmoral Division including 10*sales supported by the up-zoning changes to the 2014 gazetted Brisbane City Council Town Plan. This has enabled developers to achieve higher densities resulting in approvals for mainly 2-3 storey (4-9 unit) developments throughout parts of traditional SUR designated SMAs within this Division.

Up-zoning around the DC1 - District Centre precinct of the River gateway neighbourhood plan with adjoining LMR3 - Low medium density residential close to the Cannon Hill retail key activity hub has also resulted in extensive mixed use development approvals for 6-storeys with 192% GFA rates. Early factor increases for this precinct indicate up to 1.50 subject to ongoing QSAS analysis.

All sales shall undergo further analysis in the lead-up to the 2015 revaluation implementation program.

Overall factor ranges across Balmoral SUR and MUR properties show 1.05 to 1.15 relative to the 2015 revaluation period. Manual changes shall also be applied where necessary.

Belmont 1000/02

The Belmont Division is within 8 to 12 radial kilometres from the Brisbane Central Business District (CBD) and within the Residential South Sector. It comprises fourteen residential SMA's ranging from rural homesite to standard allotment sizes. Comprising of the following suburbs or partial suburbs:- Seven Hills, Norman Park, Camp Hill, Carina Heights, Mount Gravatt East, Mansfield, Holland Park, Tingalpa, Carina, Carindale, Wakerley, Gumdale, Belmont, Ransome and Chandler. 2009

There are 33 vacant analysed sales to date, within the division. DNRMEThe bulk ofAct the sales within the Division are from developer sales. on Sales indicate a rewrite to a 15 per cent increase across the DivisionRTI with some manual adjustments.

Recommendations Log AVLU 150 Factor 1.00 to 1.15 across the residential SMA's.

Published Coorparoo 1000/03

The Coorparoo Division is one of the inner most Divisions within the Residential South Sector. It comprises four residential SMA`s ranging from largeDisclosure sites with superior city views, to low-lying sites on small 145m2 size allotments. Divisional suburbs include Coorparoo, Norman Park, Greenslopes, and parts of Camp Hill and Holland Park.

A total of 38 vacant, demolition, or lightly improved single unit residential (SUR) sales have been analysed within the Division for the 2015 revaluation. Sales include:-

7 x 310m2-455m2 (no-subdivision) SUR blocks

31 x 663m2-1,874m2 SUR properties ear-marked for either AVLU: 150 or 250 sub-division comprising:- - Split lots post-sale ranging from 145m2-450m2 including partial demolition and/or relocation of existing dwelling to allow residential land to be configured as hatchet or near corner inside vacant lots. - 8 x sales flagged for multi-unit residential (MUR) development. See below*.

A total of 22 vacant, demolition, or lightly improved property sales MUR development have been analysed within Coorparoo Division including 8*sales supported by the up-zoning changes to the 2014 gazetted Brisbane City Council Town Plan. This has enabled developers to achieve higher densities resulting in approvals for mainly 2-3 storey (4-9 unit) developments throughout parts of traditional SUR designated SMAs within this Division.

Page 6 of 62 18-228 File A Page 53 of 109 Market Survey 2015 BRISBANE CITY

All sales shall undergo further analysis in the lead-up to the 2015 revaluation implementation program.

Overall factor ranges across Coorparoo SUR and MUR properties show 1.05 to 1.15 relative to the 2015 revaluation period. Manual changes shall also be applied where necessary.

South Brisbane 1000/04

The South Brisbane Division comprises of six residential Sub Market Area`s which correspond with the suburbs of West End, Highgate Hill & South Brisbane, Dutton Park, Woolloongabba, Kangaroo Point and East Brisbane. All suburbs are all within a 3km radius the Brisbane GPO and are well connected by roads and public transport.

These SMA`s contain sites with a variety of features including large sites with excellent city views, to the low-lying sites on a standard sized allotments.

This market has continued to remain active over the last three years. The high levels residential amenities and access to the city drives and sustain strong demand for inner city property. Parts of the division entails river views with immediate proximity to lifestyle precincts containing shops and restaurants.

There are 18 sales so far within the division, for the 2015 revaluation; 5 of these are vacant sales and the remaining are lightly improved sales. These comprise of a number steep sloping blocks, a number of riverfront sites, and a number of sites with extensive city views. All site range in size and shape. The vacant and lightly improved sales throughout all suburbs have established a solid basis on which to review and alter values with some2009 sales supporting mild increases from the previous 2014 site values. DNRMEAct This division still holds strong demand, due to its close proximity to the city. on Value Changes could range from 0 - 5% across the inner city market.RTI

Recommendation: SMA 101 - West End - Factor 1 Log SMA 103 - Highgate Hill & South Brisbane - Factor 1 SMA 104 - Dutton Park - Factor 1.05 SMA 105 - Woolloongabba - Factor 1.05Published SMA 106 - East Brisbane - Factor 1.05 SMA 107 - Kangaroo Point - Factor 1.05

Stephens 1000/05 Disclosure

The Stephens Division is within 6kms from the Brisbane CBD and one of the inner most Divisions within the Residential South Sector. It comprises of six residential SMA`s ranging from large river front properties, to low-lying flood affected properties on standard lot sizes. Comprising of the following suburbs or partial suburbs: - Mount Gravatt, Yeronga, Tennyson, Holland Park West, Moorooka, Annerley, Tarragindi, Greenslopes and Yeerongpilly.

There are 7 vacant analysed sales to date, within the division which is down in number from previous valuation year but not in price. The bulk of sales within the Division are from small lot developments approximately 350m² - 405m² in size.

This is an established division and properties are tightly held due to proximity to the city. Sales indicate a rewrite to 15% increase across the division with some isolated manual adjustments of a 50% increase to maintain relatively.

Recommendations AVLU 150 Factor 1.00 to 1.15 across the six residential SMA`s

Page 7 of 62 18-228 File A Page 54 of 109 Market Survey 2015 BRISBANE CITY Tingalpa 1000/06

The Tingalpa Division is within 8 to 14 radial kilometres from the Brisbane Central Business District and within the Residential South Sector. It comprises seven residential SMA's ranging from rural homesites to standard allotment sizes. Comprising the following suburbs or partial suburbs: - Mount Gravatt East, Upper Mount Gravatt, Mansfield, Wishart, Eight Mile Plains, Mackenzie, Rochedale, Burbank and Tingalpa .

There are 44 vacant analysed sales to date, within the division. The bulk of the sales within the Division are from developer sales.

Sales indicate a rewrite to a 15 per cent increase across the Division with some manual adjustments.

Recommendations

AVLU 150 Factor 1.00 to 1.15 across the residential SMA's.

Wynnum 1000/07

The Wynnum Division is situated in the Brisbane Bayside area and comprises 11 residential SMA’s spread across the suburbs of Manly, Manly West, Wynnum, Wynnum West, Lota, Hemmant as well parts of Tingalpa.

A total of 42 vacant, demolition, or lightly improved single unit residential (SUR) sales2009 have been analysed within the Division for the 2015 revaluation. Sales include:- DNRMEAct 16 x 405-607m2 (no-subdivision) SUR blocks on 20 x 607m2-4,047m2 SUR properties ear-marked for either AVLU: RTI150 or 250 sub-division comprising:- - Split lots post-sale ranging from 294m2-1,1609m2 including predominantly full as opposed to partial demolition and/or relocation of existing dwelling. - 8 x sales flagged for multi-unit residential (MUR) development.Log See below*.

A total of 10 vacant, demolition, or lightly improved MUR related sales have been analysed within Wynnum Division including 8*sales supported by the upPublished-zoning changes to the 2014 gazetted Brisbane City Council Town Plan. This has enabled developers to achieve higher densities resulting in approvals for mainly 2-3 storey (4-9 unit) developments throughout parts of traditional SUR designated SMAs within this Division.

All sales shall undergo further analysisDisclosure in the lead-up to the 2015 revaluation implementation program.

Overall factor ranges across Wynnum SUR and MUR properties show 1.05 to 1.15 relative to the 2015 revaluation period. Manual changes shall also be applied where necessary.

Hamilton 1000/08

In the suburbs of Hamilton, Ascot, Clayfield, Hendra and Albion which comprise the division of Hamilton, 157 single residential properties sold since 1 October 2014. Of these sales only 4 are vacant land or sites for demolition, they range in price for $675,000 in Riverton St Clayfield to $1,900,0000 in Comus St Hamilton.

Since the last revaluation date 99 properties sold for over $1,000,000. The highest price for a house in this Division was for a larger riverfront house near Portside, it sold for $11,800,000 in April 2015.

Analysed sales to date support little or no change to the existing values with a small number of exceptions. It is proposed to rewrite current site values for the 2015 revaluation.

Page 8 of 62 18-228 File A Page 55 of 109 Market Survey 2015 BRISBANE CITY

Recommendation: AVLU 150 - For most of the Division values will be rewritten.

Ithaca 1000/09

There have been seven vacant sales of residential land since 1/10/2014 ranging in size from 329m2 – 603m2 demonstrating sales prices from $419,000 to $750,000 in the Ithaca Division. Sales (including improved sales) throughout the Division will continue to be monitored to assess market trends.

Analysis of the above sales indicate a factor of 1.00 overall for most of the Ithaca Division while there will be site valuation increases of 5% around Bardon and 10% for parts of Red Hill. A review of improved sales throughout the Division during the same period supports the valuation levels of the vacant land sales.

Recommendation: Residential land – Proposed factors show no change to existing values in most of Ithaca Division but with moderate manual changes within some parts. The vacant land sales evidence suggests the market to be generally stable in this area at this time. Recommend factor overall of 1.00 with manual changes. SMA 102 will have a factor of 1.05 and SMA 106 will have a factor of 1.10.

Kedron 1000/10

From October 2014 to July 2015 there were 141 vacant sales in the Kedron division.2009 The suburb of Boondall has recorded one sale. Similarly to 2013-2014 the newer suburbs of Fitzgibbon, Bridgeman Downs and within the new Estate situated within Taigum recorded the majority of the recentDNRME sales. Act

Allotments within Fitzgibbon range from 53m2 to 607m2 onwith Sales achieving prices from $104,000 to $318,000. The majority of sales within Bridgeman Downs came from developer salesRTI through either infill development sites or new residential estates. Those vacant land sales within Taigum predominantly were achieved within the new residential estate on Cartwright Street where land sizes range from 300m2 to 841m2 with a combination of regular shape allotments and battle-axe lots ranging in price from $255,000Log to $466,000.

Wavell Heights, Carseldine, Geebung and Aspley are the only older suburbs that have multiple sales, including some with city views and road noise. OverallPublished the volume of vacant sales has decreased compared to 2014.

Of the 141 vacant sales 69 are from Fitzgibbon alone. All 69 vacant sales have occurred within the UDLA Fitzgibbon Chase with no sales occurring in the older parts of Fitzgibbon. The 23 sales in Taigum have all occurred within a new subdivision along with the majority Disclosureof sales within Bridgeman Downs have been due to infill residential estates. Overall sales within the other suburbs of the Kedron Division have remained relatively steady.

Following is the spread of total residential sales activity in Kedron Division clearly showing the quantity of sales in different suburbs.

Total Number of Vacant Residential Sales = 141

Fitzgibbon ULDA 69 sales, Bridgeman Downs 27 sales, Carseldine 9 sales, Wavell Heights 5 sales, Boondall 1 sale, Aspley 3 sales, Geebung 2, Stafford 1 and Taigum 22.

Recommendation: For most of the division it is anticipated that values will remain static with an overall factor of 1.0 with the exception of Fitzgibbon 10% increase, Taigum 25% increase, Geebung 15% increase, Boondall 10% increase, Aspley 5% increase, Everton Park 20% increase and Chermside 20% increase.

Page 9 of 62 18-228 File A Page 56 of 109 Market Survey 2015 BRISBANE CITY Sandgate 1000/11

25 vacant/lightly improved properties have been analysed for the 2015 market survey. Sales range in size from 385m2 –1100 with sale prices from $225,000 to $600,000.

After analysis, the above sales support an increase in the single residential values in the order of 10%, with the exception of Moreton Island; values show no increase on the island at this stage.

Recommendation: 10% increase.

Taringa 1000/12

Taringa Division is within 6kms west of the Brisbane CBD and comprises of 8 residential SMA’s ranging from river front properties, elevated city view properties to low-lying flood affected properties on varying topography and lot sizes. Consisting of the following suburbs or partial suburbs: - Taringa, St Lucia, Indooroopilly and Chapel Hill.

There have been 8 vacant analysed sales to date which is significantly higher in number from the previous valuation year which had 4 vacant sales. The higher volume of sales does not reflect a significant increase in price with sales indicating a rewrite to 10% increase across the division.

Overall the market has seen a strong demand for properties, but that is not reflected in higher sale prices from previous years. Some manual adjustments of 20% increase will be required to maintain relativity. 2009 Recommendations AVLU 150 Factor 1.00 to 1.10 across the eight residential SMA`s.DNRME Act

on Toombul 1000/13 RTI

26 sales of vacant/lightly improved properties have been analysed for the 2015 single unit residential market survey. They typically range in size from 405m2 to 809m2. Sale pricesLog tend to fall between $290,000 and $590,000.

After analysis, the above sales indicate a change of 0% to 20% increase across the Division. Largest increases are in Banyo and Northgate East. Published

Recommendation: Approximately half the Division will be rewritten, the balance will increase between 5% and 20% Disclosure

Toowong 1000/14

The Toowong Division is 4kms from west of the Brisbane CBD comprising of 6 residential SMA’s ranging from river front properties, elevated city view properties, traditional pre-1946 dwellings and flood affected properties. Encompassing the following suburbs; Milton, Auchenflower, Toowong, Paddington and Bardon.

There has been 1 vacant analysed sale to date within is lower than previous years which had 2 vacant sales. There have been approximately 126 residential dwelling sales in the same period, again a slightly smaller number to last year. Lightly improved sales have been analysed supporting the vacant sales.

This is an established division and properties are tightly held due to proximity to the city and amenities. Vacant land within the Toowong division is rare with large portions of the division being subject to the Brisbane City Council Traditional Building Overlay. Sales indicate a rewrite to 20% increase across the division with some isolated manual adjustments of a 40% increase to improve relatively.

Page 10 of 62 18-228 File A Page 57 of 109 Market Survey 2015 BRISBANE CITY Recommendation: AVLU 150 Factor 1.00 to 1.2 across the six residential SMA`s

Brisbane 1000/15

The Brisbane Division comprises of eight residential Sub Market Area`s which correspond with the suburbs of Petrie Terrace, Spring Hill, Fortitude Valley, New Farm, Newstead/Teneriffe and Bowen Hills, Herston and parts of Kangaroo Point. All suburbs are all within a 3km radius the Brisbane GPO and are well connected by roads and public transport.

This market has continued to remain active over the last three years. The high levels residential amenity, the city and river views and vistas, the proximity to lifestyle precincts containing shops and restaurants all equate to a sustained and strong demand for inner city property.

There are no vacant land sales so far within the division, for the 2015 revaluation; however 8 lightly improved sales have form the basis for the below factors. The lightly improved sales throughout the division have established a solid basis on which to review and alter values with some sales supporting up to 10% increases above the previous 2014 site values.

This division still holds strong demand including low-lying flood affected sites, due to its close proximity to the city.

A small number of properties will need to be manually adjusted, to maintain a relativity2009 of values across the inner city market. DNRMEAct Value Changes could range from 0 - 10% across the inner city market. on Recommendation: RTI SMA 101 New Farm - Factor 1.05 SMA 102 Newstead/Teneriffe - Factor 1.05 SMA 103 Bowen Hills - Factor 1 Log SMA 104 Spring Hill - Factor 1.05 SMA 105 Fortitude Valley - Factor 1.05 SMA 107 Kangaroo Point - Factor 1 Published SMA 108 Herston - Factor 1.05 SMA 109 Petrie Terrace - Factor 1.05

Enoggera 1000/16 Disclosure

There have been a number of sales of vacant residential land in the Enoggera Division since 1/10/2014 ranging in size from 340 m2 to 1467 m2 demonstrating sales prices from $289,000 to $562,000. Sales (including improved sales) throughout the Division will continue to be reviewed and assessed as part of the market monitoring process.

Recommendation: Residential land – Most properties within the Division will have their values unchanged but with some manual adjustment as required. Recommendation: Most properties will remain at 2014 levels with a factor of 1.0, whilst manual adjustments will be made in certain localities. There will be increases of 5% in SMA 103 and 10% in SMA113.

Page 11 of 62 18-228 File A Page 58 of 109 Market Survey 2015 BRISBANE CITY

Moggill 1000/17

The Moggill Division is between 8 and 26kms from the Brisbane CBD and one of the outer Divisions within the Residential North Sector. It comprises of 7 residential SMA`s ranging from large river front properties, to low-lying flood affected properties on standard lot sizes. Comprising of the following suburbs or partial suburbs: - Kholo; Upper Brookfield; Mount Crosby; Lake Manchester; Anstead; Pullenvale; Brookfield; Pinjarra Hills; Kenmore; Kenmore Hills; Chapel Hill; Fig Tree Pocket; Karana Downs; Moggill; Bellbowrie; Indooroopilly; Chuwar.

There are 26 vacant analysed sales to date, within the division which is down in number from previous valuation year but not in price. The bulk of sales within the Division are from small lot developments approximately 405m² - 620m² in size.

This is an expanding division with active subdivisions. Sales indicate a rewrite to 5% increase across the division with some isolated manual adjustments of a 50% increase to maintain relatively.

Recommendations AVLU 150 Factor 1.00 to 1.05 across the seven residential SMA`s

Sherwood 1000/18

The Sherwood Division is between 7 and 18kms from the Brisbane CBD and one of the outer Divisions within the Residential South Sector. It comprises of 15 residential SMA`s ranging from large river2009 front properties, to low-lying flood affected properties on standard lot sizes. Comprising of the following suburbs or partial suburbs: - Chelmer; Corinda; Graceville; Sherwood; Oxley; Seventeen Mile Rocks; Jindalee;DNRME Westlake;Act Riverhills; Middle Park; Wacol; Darra; Jamboree Heights; Sinnamon Park; Sumner; Mount Ommaney. on There are 20 vacant analysed sales to date, within the division whichRTI is down in number from previous valuation year but not in price. The bulk of sales within the Division are from small lot developments approximately 405m² - 620m² in size. Log This is an established division and properties are tightly held due to proximity to the city. Sales indicate a rewrite to 5% increase across the division with some isolated manual adjustments of a 50% increase to maintain relatively. Published Recommendations AVLU 150 Factor 1.00 to 1.05 across the fifteen residential SMA`s

Disclosure Windsor 1000/19

25 sales of vacant/lightly improved properties have been analysed for the purpose of the 2015 single residential market survey.

The sales typically range in size from 405m2 to 785m2. Sale prices range $430,000 to $770,000.

After analysis, the majority of sales indicate an increase in value to most suburbs in the order of 10% to 30%.

Larger increases will be adopted parts of Newmarket, Windsor and Wilston, up to 50% in some cases.

Greater increases will also apply to site values less than $300,000.

Recommendation: For most of the division it is anticipated that values will change by at least 10%.

Page 12 of 62 18-228 File A Page 59 of 109 Market Survey 2015 BRISBANE CITY

Yeerongpilly 1000/20

The Yeerongpilly Division is approximately 9 to 28 kilometres south west of Brisbane Central Business District. This division spans over 31 suburbs from Moorooka being the closest to CBD and as far south as Larapinta, and west to Wacol.

Since 1/10/2014 there has been a total of 139 vacant, demolition, or lightly improved single unit residential (SUR) sales that have been analysed to date within the Division for the 2015 revaluation. There are 109 land sales of 300m² - 599m² lots and 30 land sales of 600m² - 954m² lots.

The majority of vacant land sales occurred in the new development areas such as Heathwood, Inala and Richlands, and some scattered vacant land sales located in the more established areas. Sales prices range from $230,000 to $740,000. Areas of Algester, Calamvale, Coopers Plains, Drewvale, Durack, Ellen Grove, Forest Lake, Heathwood, Inala, Kuraby, Richlands, Runcorn, Salisbury and some areas of Sunnybank were at the lower end of the sales range ranging $230,000 - $380,000. Areas of Sunnybank Hills, Eight Mile Plains, Stretton and the majority of Sunnybank were at the upper end of the sales range ranging $410,000 - $740,000.

There is still activity in the Yeerongpilly division where lots of approximately 800m² - 1000m² lots are being subdivided into smaller lots. These smaller lots range from 400m² to 500m² with sale prices ranging from $230,000 to $480,000. Similar to the previous year. Much of this activity has been occurring in areas but not limited to Coopers Plains, Sunnybank, Macgregor, Eight Mile Plains, Rocklea, Mount Gravatt, Moorooka and Salisbury. 2009 Sales indicate a rewrite to 10% increase across the division with some isolated manual adjustments to improve relatively. Stretton and Kuraby is likely to increase by 25% and 15%DNRME in someAct parts . In Heathwood, analysed sales indicate that the current Site values should reduce slightly. However, further monitoring of this market will continue between now and revaluation issue. on RTI Thus far, recommendation to apply a factor 1.00 to 1.10 to the majority of the SMA's with the exception of Heathwood, Stretton and Kuraby with factors at 0.95, 1.25 and 1.15 respectively. Log All sales shall undergo further analysis in the lead-up to the 2015 revaluation implementation program.

Published

Disclosure

Page 13 of 62 18-228 File A Page 60 of 109 Market Survey 2015 BRISBANE CITY Rural Residential Sales and Impacts on Value

Valuations

Number of Valuations 8886 Total Current $ Amount $5,519,315,600 Current Median Value $590,000 Min Factor 1 Max Factor 1.1 Overall Factor 1.009 Total New $ Amount $5,571,565,510 New Median Value $600,000

Sales

Sales Amount Vacant 16 Median Price Vacant $416,500 Sales Amount Non Vacant 183 Median Price non Vacant $975,000

Brisbane Rural Home Sites 2009

Overall the range and factors throughout Brisbane rural residentialDNRME has remainedAct similar to last revaluation, with very few sales occurring. Most divisions will remain at 1.0, howeveron Moggill, Sherwood, and Yeerongpilly divisions will show increases up to 1.05 , and Belmont and Tingalpa divisions will haveRTI increases up to 1.10.

AVLU 151 – Overall Factor 1.0 to 1.10 Log Brisbane North Rural Homesite AVLU 151,183,184,185

Published Overall the range and factors for north side rural residential has remained similar to last revaluation, with very few sales occurring. Most divisions will remain at 1.0 with Moggill division showing up to 1.05 increase.

Disclosure AVLU 151 – Overall Factor 1.0 to 1.05

Kedron 1000/10

Rural Home Site property market is relatively small in Kedron Division with a total of 570 properties which are all allocated in SMA130 and 131.

The typical range of site value is from $250,000 to $5,300,000 for land size between 0.1686Ha and 61.0Ha which covers the majority of AVLU151 properties in Kedron.

The larger blocks are mainly located within the suburbs of Bridgeman Downs, Carseldine and McDowall. The typical range of site value is from $305,000 to $5,300,000.

Compared to the previous year there has been an increase in Rural sales however limited. 4 rural sales were purchased by developers for subdivision or multi-unit developments. 12 Rural lot sales have occurred within the Kedron Division, 2 out of 12 for multi-unit developments, 2 for englobo and 1 Rural residential.

Page 14 of 62 18-228 File A Page 61 of 109 Market Survey 2015 BRISBANE CITY All sales shall undergo further analysis in the lead-up to the 2015 revaluation implementation program.

Recommendation: Sales indicate a rewrite across the division. Factor 1.0.

Sandgate 1000/11

There have been no sales of rural homesites since 1/10/2014.

Historically, rural home site values in Sandgate Division have been aligned with Kedron and Toombul Divisions.

Recommendation: Proposed values will show no change from 1/10/2014. Factor 1.0 is recommended.

Toombul 1000/13

There have been no sales of AVLU 151 since 1/10/2014

Historically, rural homesite values in Toombul Division have been aligned with Kedron and Sandgate Divisions. No sales have occurred in Kedron or Sandgate Division, showing a factor of 1.00 going through this category, in line with residential vacant sales. 2009 Recommendation: Factor 1.00 recommended DNRMEAct

Enoggera 1000/16 on RTI There have been no sales of vacant rural home sites since 1/10/2014 in Enoggera Division. However there have been two sales of lightly improved large home sites in Upper Kedron and The Gap which indicate no change in value which is in keeping with what is happening with smaller residentialLog values nearby. There will need to be some manual adjustments to rural home site values in some locations to improve relativity.

Rural home site values in Enoggera DivisionPublished will continue be reviewed to assess their relativity with nearby smaller residential site values. Sales of improved rural home sites indicate that current site values are generally appropriate with some manual changes.

Recommendation: Disclosure A review of the rural home site values and smaller residential values in relevant surrounding locations indicate a factor of 1.0 is appropriate.

Moggill 1000/17

The Moggill Division has three rural home site SMA ranging from smaller 4,000sqm sites to 20 hectare sites.

There are 16 vacant analysed sales to date, within the division which is down in number from previous valuation year but not in price. The bulk of sales within the Division are from small lot developments approximately 1 – 4 hectares in size. Recommendations

AVLU 151 Factor 1.00 to 1.05 across the three SMA`s

Brisbane South Rural Home Site AVLU 151,183,184,185

Page 15 of 62 18-228 File A Page 62 of 109 Market Survey 2015 BRISBANE CITY

Rural Residential land has, to date, shown little market activity with very few sales. However there will be some small changes of up to 1.15 to Rural Residential Land across the south.

Balmoral Division: AVLU 151 Factor 1.0

Belmont Division AVLU 151 Factor 1.0

Coorparoo Division: AVLU 151 Factor 1.05

Stephens Division: AVLU 151 Factor 1.05

Sherwood Division: AVLU 151 Factor 1.05

Tingalpa Division AVLU 151 Factor 1.05

Yeerongpilly Division 2009 AVLU 151, a factor of 1.05 DNRMEAct Wynnum Division AVLU 151 Factor 1.0 on RTI

Overall the Brisbane South Rural Residential Sector shows a factor of 1.0 to 1.10 Log Balmoral 1000/01

There have been no vacant rural homePublished site sales in Balmoral Division relevant to the period of 2014 market survey

Recommendation

A factor of 1.0 Disclosure

Belmont 1000/02

The Belmont Division has no vacant rural homesite analysed sales to date.

Recommendations AVLU 151 Factor 1.00.

Tingalpa 1000/06

The Tingalpa Division has no vacant rural homesite analysed sales to date.

Recommendations AVLU 151 Factor 1.00.

Page 16 of 62 18-228 File A Page 63 of 109 Market Survey 2015 BRISBANE CITY

Wynnum 1000/07

There has only been no vacant rural homesite sales within the Wynnum Division since 01/10/2013, with no improved sales occurring.

Recommendation A factor of 1.0 is recommended with some minor adjustments to maintain relativity.

Sherwood 1000/18

The relativity is reasonable for the AVLU 151 lands. There are a total of approximately 60 large Residential sites in the Sherwood Division. The only grouping of large residential sites is in Oxley directly north of Ipswich Road (Portal St/Douglas St). The remaining sites are scattered throughout the division.

The typical range of site values at Oxley is from $390,000 - $600,000 for land size between 3,500m2 - $7,500m2 which covers the majority of AVLU151 properties in Sherwood.

All relativity appears to be consistent and correct.

Recommendation: A factor of 1.00 is recommended with some minor adjustments to maintain relativity.

Yeerongpilly 1000/20 2009

Rural Home Site property market is relatively small in YeerongpillyDNRME DivisionAct with a total of 1192 properties which are all allocated in SMA130. The relativity is viewed as generally reasonable for the AVLU 151 lands in this division. on The typical range of site value is from $700,000 to $1,200,000 for landRTI size between 1.0 Ha and 3.0Ha which covers the majority of AVLU151 properties in Yeerongpilly, and the site values are generally over $1.0 million for the larger blocks. The smaller blocks ( <5000m2) are mainly located in north-east of the division, such as Eight Mile Plains, Stretton etc., which are better areas compared with surrounding suburbs.Log The typical range of site value is from $600,000 to $1,000,000.

There has been little market activity sincePublished last revaluation. There has been a total of 39 sales since 1/10/2014, 13 of which were purchased by developers for subdivision or multi-unit developments. 7 sales were analysed for Rural Residential market including the only vacant land sale. Sales prices range from $420,000 to nearly $2million. Areas of Doolandella, Wacol and Willawong were at the lower end of the sales range ranging $420,000 - $950,000. Areas of Eight Mile Plains, Parkinson and StrettonDisclosure were at the upper end of the sales range ranging $1.5million to $2million.

Sales indicate a rewrite across the division with some isolated manual adjustments to improve relatively.

All sales shall undergo further analysis in the lead-up to the 2015 revaluation implementation program.

Page 17 of 62 18-228 File A Page 64 of 109 Market Survey 2015 BRISBANE CITY Multi-unit Residential Sales and Impacts on Value

Valuations

Number of Valuations 13477 Total Current $ Amount $19,769,492,005 Current Median Value $850,000 Min Factor 1 Max Factor 1.5 Overall Factor 1.088 Total New $ Amount $21,504,132,822 New Median Value $920,000

Sales

Sales Amount Vacant Median Price Vacant Sales Amount Non Vacant 64 Median Price non Vacant $1,180,000

Multi-Unit/Englobo Brisbane 2009

The numbers of multi-unit development approvals have continuedDNRME to increaseAct across the whole of Brisbane since the previous revaluation in 2014. The demand for units close to the Brisbane CBD is overwhelming. on The suggested changes to the existing values are broad. Whilst recommendationsRTI of 10 to 20% are typical, increases in the order of 50% to 80% are not unexpected where low/medium densities under the city plan have intensified to medium/high density residential use Log

General overall factor for multi-unit across Brisbane is 1.0 to 1.50, and more in some locations. Published Balmoral 1000/01

During the period relevant to this current market survey, multi-unit development activity in this Division has been robust. Disclosure

There are 28 sales analysed as suitable for the review of existing levels of value.

Sales range in price from $745/m2 for 739m2 LMR site in Murarrie to $1530/m2 for a 2188m2 newly designated MR site in Bulimba.

To date there have been no riverfront sites sold for multi-unit development.

There is strong evidence to increase multi-unit values by 20% in Bulimba, Balmoral, Hawthorne. Other parts of the division support a 10% increase, these suburbs are Norman Park, Morningside and Cannon Hill. Multi-unit sales in Tingalpa and Murarrie maintain existing levels of value.

One large multi-unit site sale in Murarrie supports a 20% increase. This may not necessarily apply to all large sites. Large sites will be reviewed in the context of the increases applied to the smaller surrounding multi-unit properties.

Page 18 of 62 18-228 File A Page 65 of 109 Market Survey 2015 BRISBANE CITY Recommendation: 20% increase to SMAS 201 to 203. 10% increase to SMAS 205 and 205, No change to SMA 206 and 240.

Belmont 1000/02

The Belmont Division multi-unit development sites has continued to remain strong since the release of Brisbane City Council City Plan 2014 and the up zoning of properties. The Division has six SMA's. Overall, the multi-unit market continues to show strong demand for ripe development sites. Sales indicate a rewrite to twenty per cent increase across the multi-unit with some manual adjustments of up to fifty per cent increase resulting from relativity adjustment.

Recommendations AVLU 250 Factor 1.00 to 1.20

Coorparoo 1000/03

The market for Multi-unit sites, within the Coorparoo Division has increased slightly within the last 12 months. There has been 4 multi-unit sales to date to form a basis for the 2014 revaluation. Multi-unit sales have also been utilised from the adjoining Stephens division.

There are four Multi-Unit SMA`s within the Coorparoo Division.

The Coorparoo division is showing sales of AVLU 250, with a rate of $704 – $1,077/m2 (Site area). 2009 Overall, there is minor demand for multi-units sites within this division. DNRMEAct The sales show a factor range of 1.00 - 1.25. Some manual adjustments up to a factor of 1.25 is recommended to keep relativity in-line. on RTI Recommendation: SMA 201 - Camp Hill - Factor 1.00 SMA 202 - Coorparoo - Factor 1.05 Log SMA 203 - Greenslopes - Factor 1.10 SMA 204 - Holland Park - Factor 1.10 Published Large Multi-Unit/Englobo:- No large Multi-Unit or Englobo sales within the division to utilise for the 2014 revaluation.

Recommendation: Disclosure AVLU 272 - 284,285,286 - Factor 1.05 AVLU 152 -186,187,188 - Factor 1.05

South Brisbane 1000/04

The South Brisbane Division has seven multi-unit residential SMA's and comprises the suburbs of West End, Highgate Hill, South Brisbane and Woolloongabba. All suburbs are all within a 3km radius the Brisbane GPO and are well connected by roads and public transport.

The multi-residential across South Brisbane in 2014-15 has thus far has shown considerable strength, with a number of transactions reflecting large increase in values. Given the complexities of the area, factors would not be appropriate, with some areas seeing minimal increases, with other up to approximately 60% increases.

Stephens 1000/05

Page 19 of 62 18-228 File A Page 66 of 109 Market Survey 2015 BRISBANE CITY

The market activity for multi-unit development sites within the Stephens Division has continued to remain strong within the last 12 months. There have been 12 multi-unit sales to date ranging from $800/m² to $1,200/m² for Low to Medium Density zoned property. Whilst over 4000m² sites are ranging from $350m² to $550/m² for Low to Medium Density zoned properties. Up from previous year’s rates $530/m² to $1,100/m² for below 4000m².

Overall, the multi-unit market continues to show strong demand for ripe development sites. Sales indicate a rewrite to 25% increase across the multi-unit with some manual adjustments of a 50% increase to improve relativity.

Tingalpa 1000/06

The Tingalpa Division multi-unit development sites has continued to remain strong since the release of Brisbane City Council City Plan 2014 and the up zoning of properties. The Division has four SMA's. Overall, the multi-unit market continues to show strong demand for ripe development sites. Sales indicate a rewrite to twenty per cent increase across the multi-unit with some manual adjustments of up to fifty per cent increase resulting from relativity adjustment.

Recommendations AVLU 250 Factor 1.00 to 1.20

Wynnum 1000/07

There has been 1 sale of multi-unit redevelopment sites within the Wynnum division2009 since 1/10/2013. The sale is in the Manly Esplanade/Town Centre locality showing a 10% increase for those with bay views. Adjoining divisions have been utilised to formulate a basis. DNRMEAct

Recommendation on Recommend multi-unit remain static with some manual adjustmentsRTI to be made where required.

Hamilton 1000/08 Log Sales of land for multi-unit development during the relevant period are limited.

Current values range from $1000/M2Published in Clayfield to $1600/m2 in Albion.

It is proposed to increase these values by 10% on the strength of multi-unit development activity outside of this Division. Disclosure

Ithaca 1000/09

There has only been one sale of multi-unit land since 1/10/2014 in Ithaca Division and that shows an increase of 10%. Sales and approvals will be continued to be monitored for evidence of multi-unit site value in Ithaca Division.

Recommendation: A general factor increase in Ithaca Division of 1.1 with manual changes as required.

Kedron 1000/10

The latest sales of multi-unit development land support the existing site values with an overall increase of 10%. Sales range in price from $150/m2 to $1,500/m2 over the Kedron Division.

Page 20 of 62 18-228 File A Page 67 of 109 Market Survey 2015 BRISBANE CITY

Sales Development sites for Multi-Unit have taken place in Aspley, Boondall, Bracken Ridge, Bridgeman Downs, Carseldine, Chermside, Everton Park, Kedron, McDowall, Stafford, Taigum and Zillmere. The sales show no change to a slight increase in the Kedron Division demonstrating an overall slight increase over the Kedron Division of 10%.

It has been identified that the sales within the 'Chermside Centre Neighbourhood Plan - Residential South Precinct' have demonstrated an increase of 30% due to the change of density permitted through this Precinct.

Sales Development sites for Englobo land have taken place in Bald Hills, Bracken Ridge and Bridgeman Downs. Of the three englobo sales, one is noted as related parties and the remaining two range in size from 9978m2 to 9.174HA, $264.70/m2 to $71.67/m2 respectively. The sales show no change from the previous year of Englobo sales within the Kedron Division.

Recommendation : Overall Factor 1.10 for the multi-unit within the Kedron division except for those multi-unit allotments situated within the 'Chermside Centre Neighbourhood Plan - Residential South Precinct' which will be 1.30.

Sandgate 1000/11

There are no sales to indicate a change to multi-unit properties across the Sandgate2009 Division.

Existing values will remain unchanged. DNRMEAct

Recommendation: on Factor 1.0 recommended RTI

Taringa 1000/12 Log Multi-unit activity continues to remain strong on the back of changes to the Brisbane City Plan 2014 up zoning areas. There have been 6 multi-unit sales to date ranging from $1,000/m² to $1650/m² for Low to Medium Density zoned properties. Up from previous year’s ratesPublished $1,100/m². Sales of higher density zoned properties are limited within the Taringa Division to date.

Overall, the multi-unit market continues to show strong demand for ripe development sites. Sales indicate a rewrite to 25% increase across the multi-unit withDisclosure some manual adjustments to maintain relativity.

Toombul 1000/13

There have been 11 sales of land suitable for multi-unit development relevant to the 2015 market survey for Toombul Division. Sizes range from 607-1245sqm. Properties are located in Low Medium, Medium Density, High Density, MP3 and MP2 zoned areas.

Sale prices range between $630/m2 for a LMR2 site impacted by overland flow to $1600/m2 for good quality LMR2 site in Clayfield.

The multiunit values in the Division remain solid, recommended increases are typically 10% to 20% but greater increases are likely in Nundah. This is due to the new City Plan zoning changes and the recent local neighbourhood plan earmarking the area as a high density transit oriented development. The changes allow higher buildings and higher density developments.

Page 21 of 62 18-228 File A Page 68 of 109 Market Survey 2015 BRISBANE CITY Increases to values will adopt $800 to $1000/m2 in most parts of the division.

Toowong 1000/14

The multi-unit market is buoyant in particular localities of the Division, particularly Toowong and Milton. This is dues to the Brisbane City Plan 2014 zoning changes and the recent local neighbourhood plan earmarking the area as a high density transit oriented development. The changes to the town plan allow for higher buildings and great density developments. Multi-unit development within this division is to date the strongest within the Toowong-Auchenflower Neighbourhood Plan.

There have been 4 multi-unit sales since 1/10/2014 on various zones and lot sizes. Rates of $1,050/m² for Low to Medium Density zoned properties. Similar rates to previous years for Low to Medium Density zoned properties. Sales for higher density zoned properties are where most of the market activity is occurring. Rates of $2,350/m² to $3,950/m² are up from previous year’s rates for High Density Residential and Major Centre zoned properties.

Overall, the multi-unit market continues to show strong demand for ripe development sites. A larger number of mixed use developments are occurring. Sales indicate a rewrite to 10% increase across the multi-unit with some manual adjustments up to 70% increase for improved relativity and changes in zoning.

Brisbane 1000/15

The Brisbane Division contains nine multi-unit residential Sub Market Area`s comprises of the suburbs of Petrie Terrace, Spring Hill, Fortitude Valley, New Farm, Newstead/Teneriffe and Bowen Hills, Herston,2009 Kangaroo Point and East Brisbane. All suburbs are all within a 3km radius the Brisbane GPO and are well connected by roads and public transport. DNRMEAct

The multi-unit residential market in the Fringe area in 2014on-15 thus far has shown considerable strength, with a number of transactions, showing a significant increase in values and a numberRTI of site being developed.

For the urban renewal precinct areas of Fortitude Valley, South Brisbane, Newstead and Bowen Hills, development approvals and the construction of a number of commercialLog and multi -unit residential projects have commenced including a number of buildings in and around the Gasworks and precent to the south between Longland Street and Commercial Road, around the Emporium in Fortitude Valley and in the Urban Renewal precinct of Bowen Hills. Spring Hill has also seen a number of site purchaserPublished for redevelopment, with the upcoming Draft Spring Hill Plan, set to increase densities considerably.

Developers are active, purchasing lightly improved properties for future redevelopment, predominantly in the Fortitude Valley, Bowen Hills, Newstead, SpringDisclosure Hill and South Brisbane area. This is further evidence of the continuing demand for these areas because of their proximity to the CBD, parklands, retail and town planning relaxations.

The Notable activity between October 2014 and July 2015 include; • BlueSky Developments have been completed/near completed developments in Bowen Hills, being `The Pavilion` (36 residential units) and `The Governor` (40 residential units). • David Devine`s Metro have begun construction on `Newstead Central` 6 towers, with 925 residential units for an approximate $40m, two tower along Longland Street, and have purchased another site along Montpelier Street. • A number of key sites have traded along Brunswick Street, on the bordered on New Farm and Fortitude Valley. The sales ranged in the late $2000/sq.m up to $4000/sq.m. Council has relaxed building densities with 6-8 stories becoming more common in this area. • A number of buildings are under construction in the Gasworks Precinct, including Tom Dooley Developments. • The adjoining area between Longland Street and Commercial Road, has seen a significant number of sales of development sites, with a number already being developed with residential unit complexes varying in height between 4 and 12 stories.

Page 22 of 62 18-228 File A Page 69 of 109 Market Survey 2015 BRISBANE CITY A number of re-sales have been reported at significantly higher than a year ago. Including the main roads building at 183 Wharf Street, selling for $14.6m, having been purchased in December 2013 for $6.1m. Also, Tim Gurner, who purchased the Glad Tiding Church site to construct the Flatiron building has been reported to say that he's been offered up to three time what he purchased the site for some 18 months ago. Also 358 Wickham Street has resold for $16.75m in June 2014, after being purchased for $10.6325m in July 2011. The initial purchaser gained approval for a commercial tower, however, the new owner has disregarded this and pursued a multi-unit residential tower DA.

Overall the outlook remains positive for the CBD Fringe market. There has certainly been a swing from Commercial development to multi-unit residential, with a number of previous commercial DA's being neglected in favour of residential.

Areas include Spring Hill, Fortitude Valley, South Brisbane, West End, Newstead and Bowen Hills

Relativity adjustments need to be made.

Given the complexities of the area, factors would not be appropriate, with some areas seeing minimal increases, with other up to approximately 80% increases.

Enoggera 1000/16

There have been four sales for multi-unit development since 1/10/2014 in Enoggera Division. Three of the sales in the suburbs of Alderley and Mitchelton show an increase of 10%. The other sale in Gaythorne shows an increase of 25% but this is due to local relativity needing adjustment and is not indicative of site value increase in that SMA. 2009 It is proposed to increase values of multi-unit developed land by 10% throughout Enoggera Division partly because of the sales evidence but also to improve relativity with values of singleDNRME unit sites.Act Manual adjustments will need to be made in some locations as evidenced by the Gaythorne sale mentioned above. on Recommendation:- RTI Multi-unit site values – Factor 1.1 recommended with some manual changes.

Moggill 1000/17 Log

The market activity for multi-unit development sites within the Moggill Division has continued to remain strong within the last 12 months. There have been Published2 multi-unit sales to date these sales show $70/m² for a large (3.4ha) site zoned Emerging Communities and $236/m² for a 5000m² site zoned Low Density Residential.

Overall, the multi-unit market continues to show strong demand for ripe development sites. Sales indicate a rewrite across the multi-unit with some manualDisclosure adjustments of a 50% increase to improve relativity on properties up zoned in the City Plan 2014. Recommendations AVLU 250 Factor 1.00.

Sherwood 1000/18

The market activity for multi-unit development sites within the Sherwood Division has continued to remain strong within the last 12 months. There have been 5 multi-unit sales to date ranging from $715/m² to $900/m² for Low Density zoned property and $900/m² to $1,200/m² for Medium Density.

Overall, the multi-unit market continues to show strong demand for ripe development sites. Sales indicate a rewrite across the multi-unit with some manual adjustments of a 50% increase to improve relativity on properties up zoned in the City Plan 2014. Recommendations AVLU 250 Factor 1.00.

Page 23 of 62 18-228 File A Page 70 of 109 Market Survey 2015 BRISBANE CITY

Windsor 1000/19

11 sales analysed in Windsor Division for the 2015 multi-unit market survey. All of the sales are in The Lutwyche Road Corridor Neighbourhood Plan.

Size ranges from 765 -2300sqm, properties are classified in a Low Medium, Medium, High Density Residential and other classifications under specific City Plan Neighbourhood Plans.

Sale prices range in price from $1100/m2 LMR2 site on Albion Rd, Windsor to $2050/m2 for High Density Res at Lutwyche. The recommended increases range between 20% and 60%.

The multi-unit market in Windsor Division continues to gain strength. Primarily due to the areas close proximity to the CBD, the recent TOD neighbourhood plans and the new city plan. The new City Plan allows for taller buildings and denser developments.

Recommend a minimum of 20% increase to most multi-unit site values in the Windsor Division.

Yeerongpilly 1000/20

Sales of land for englobo and multi-unit development during the relevant period are limited but greater in numbers than the 2014 revaluation period. There has been a total of 32 sales of land since 1 October 2014 analysed for englobo and multi-unit uses. This has been a 37.6% increase in the volume of sales compared to2009 the previous year.

Out of the 32 sales, 11 have been analysed as englobo sites andDNRME 21 have beenAct analysed as multi-unit sites. Sale price ranges between $400,000 - $7,680,000.The majority of these sales have occurred in Coopers Plains, Doolandella, Eight Mile Plains, Macgregor and Sunnybank. on RTI Sales ranges on a rate per square metre for englobo sites vary between $41.50 to $518 per square metre and multi-unit sites range between $127.83 to $1853 per square metre. Log The up-zoning from LMR to MDR in areas such as Coopers Plains, Macgregor, Mount Gravatt, Sunnybank has reflected in the volume of sales in these areas. Published Many areas such as but not limited to Eight Mile Plains, Inala, Richlands, Doolandella have a zoning of Emerging Community being developed into multi-unit sites.

Sales indicate a rewrite to 10% increaseDisclosure across the division with some isolated manual adjustments to improve relatively in areas.

Recommendations: Englobo sites - an overall factor of 1.0

Multi-unit sites - a factor between 1.00 and 1.10 to the majority of the SMA's with manual adjustments to some pockets within the division.

Large Multi-Unit sites - an overall factor of 1.00 with manual adjustments to some areas.

All sales shall undergo further analysis in the lead-up to the 2015 revaluation implementation program.

Page 24 of 62 18-228 File A Page 71 of 109 Market Survey 2015 BRISBANE CITY

2009 DNRMEAct on RTI Log

Published

Disclosure

Page 25 of 62 18-228 File A Page 72 of 109 Market Survey 2015 BRISBANE CITY Commercial Sales and Impacts on Value

Valuations

Number of Valuations 6592 Total Current $ Amount $16,107,569,251 Current Median Value $910,000 Min Factor 1 Max Factor 1.3 Overall Factor 1.194 Total New $ Amount $19,233,358,139 New Median Value $1,000,000

Sales

Sales Amount Vacant Median Price Vacant Sales Amount Non Vacant 124 Median Price non Vacant $1,761,000

Brisbane CBD 2009

The Brisbane Central Business District (CBD) is located on a point,DNRME known asAct Gardens Point, on the northern bank of the Brisbane River. It is bounded by the Brisbane River to the east, south and west. To the north, the CBD is bounded by the inner city suburbs of Petrie Terrace (north-west), Spring Hillon (north) and Fortitude Valley (north-east). The Brisbane CBD is an area density populated with various grades of commercial officeRTI buildings, a broad range of high density short and long term residential apartment buildings and a mix of low rise retail buildings and shopping centres centralised in a major retailing precinct encompassing the pedestrian-only Queen Street Mall. Log Notable activity between July 2014 and July 2015 include; • The re-sale of the 30 Albert Street in July 2014. The 2,007m2 site is located on the corner of Albert and Margaret Streets and was purchasedPublished by Aspial Corporation with plans to develop an 820 residential apartment building. The earlier sale of $18.75m ($9,342/m2) formed the basis of the 2014 revaluation. The new sale of $35m ($17,439/m2) will form the basis of the 2015 revaluation and will lead to significant increases to site values of similar lands in the CBD. • The sale of 240 Margaret Street in July 2014. The 1,715m2 square shaped allotment with a 45 metre frontage to Margaret Street. It adjoins the formerDisclosure Vision site. The site was marketed and sold via expressions of interest campaign by Jones Lang LaSalle. It was purchased by Aspial Corporation for $30m ($17,492/m2) who plan to develop 700 residential units. Both purchases equate to approximately $43,000 per unit. This sale will form the basis of the 2015 revaluation and will lead to significant increases to site values of similar lands in the CBD. • The owners of the site at 38 Wharf Street (911m2) have signed an unconditional contract in April 2015, due to settle in September. The sale price is reported to be $15m ($16,465/m2) which is well above the 2014 site value of $9.3m ($10,208/m2). This sale will form the basis of the 2015 revaluation and will lead to significant increases to site values of similar lands in the CBD. • QIC have listed the rear portion of 62 Ann Street, known as the Primary Industries Building, which they purchased from the Queensland State Government for $37m in 2013. The 2,732m2 site is listed for $40m ($14,641/m2) by Savills and includes a heritage listed building and shed. This is a clear indication of the demand for development sites in the CBD. • The sale of 111 Mary Street for $49m is a volumetric lot that forms part of the Vision site. It has a building height of RL131m AHD, a total GFA 41,143m2 and 511 units. The sale includes an already constructed basement car park and its initial analysis supports significant increases in site values in the CBD. • Several more recent development site sales in the CBD fringe suburbs are supporting significant increases to the site values of properties outside the major retail and commercial precinct of the CBD.

Page 26 of 62 18-228 File A Page 73 of 109 Market Survey 2015 BRISBANE CITY • There have been a number of heritage and non-heritage improved sales with site areas less than 500m2. They are an attractive sub $10m investment and demand for these sites have remained strong. Although the analyses of these sales require subjective assumptions about the added value of improvements and leases, early indications support minor changes to the site values of these markets. • Knight Frank reported in April 2015 the following highlights about the Brisbane CBD office market; o Tenant demand is improving with greater leasing activity expected in 2015. With growth and expansion still fragile the 188,000m2 of new supply will push the vacancy to new heights in 2016. o Effective rents have stabilised with only marginal falls over the past year. Face rents across both prime and secondary have grown with this more than balance by further increases to average incentives. o Investment demand has continued to grow from Sydney and Melbourne markets. Yield compression in the prime market is now spreading to secondary stock. • Knight Frank reported in December 2014 the following highlights about the Brisbane Residential Development market; o Residential development site values currently range from $30,000 to $90,000 per potential apartment o Foreign developer account for almost one-tenth of all residential development site sales are being purchased o Brisbane apartments have become a viable and more affordable option for first home buyers and local and foreign investors.

Relativity needs to be reviewed as demand for residential sites have been focused in the non-traditional areas outside the golden triangle and Queen Street Mall retail precinct. It is recommended that for AVLU 350 every valuation be reviewed and valued manually.

Brisbane CBD Fringe 2009

The Brisbane CBD Fringe market is characterised by a mix of usesDNRME includingAct various grade of commercial office accommodation, medium density short and long term residential accommodation as well as the retail and entertaining precincts including predominately Brunswick Street Mall inon Fortitude Valley and Grey Street & Little Stanley Street in South Brisbane. RTI

The commercial market is currently performing poorly and as such the majority of development sites are being utilised for multi-unit residential development. Log

The multi-unit residential market in the Fringe area in 2014-15 thus far has shown considerable strength, with a number of transactions, showing a significantPublished increase in values and a number of site being developed.

For the urban renewal precinct areas of Fortitude Valley, South Brisbane, Newstead and Bowen Hills, development approvals and the construction of a number of commercial and multi-unit residential projects have commenced including a number of buildings in andDisclosure around the Gasworks and precent to the south between Longland Street and Commercial Road, around the Emporium in Fortitude Valley and in the Urban Renewal precinct of Bowen Hills. Spring Hill has also seen a number of site purchaser for redevelopment, with the upcoming Draft Spring Hill Plan, set to increase densities considerably.

Developers are active, purchasing lightly improved properties for future redevelopment, predominantly in the Fortitude Valley, Bowen Hills, Newstead, Spring Hill and South Brisbane area. This is further evidence of the continuing demand for these areas because of their proximity to the CBD, parklands, retail and town planning relaxations.

Page 27 of 62 18-228 File A Page 74 of 109 Market Survey 2015 BRISBANE CITY • A number of buildings are under construction in the Gasworks Precinct, including Tom Dooley Developments. • The adjoining area between Longland Street and Commercial Road, has seen a significant number of sales of development sites, with a number already being developed with residential unit complexes varying in height between 4 and 12 stories.

A number of re-sales have been reported at significantly higher than a year ago. Including the main roads building at 183 Wharf Street, selling for $14.6m, having been purchased in December 2013 for $6.1m. Also, Tim Gurner, who purchased the Glad Tiding Church site to construct the Flatiron building has been reported to say that he has been offered up to three time what he purchased the site for some 18 months ago. Also 358 Wickham Street has resold for $16.75m in June 2014, after being purchased for $10.6325m in July 2011. The initial purchaser gained approval for a commercial tower, however, the new owner has disregarded this and pursued a multi-unit residential tower DA.

Areas include Spring Hill, Fortitude Valley, South Brisbane, West End, Newstead and Bowen Hills

Relativity adjustments need to be made.

Given the complexities of the area, factors would not be appropriate, with some areas seeing minimal increases, with other up to approximately 80% increases.

Commercial 2009

The Brisbane commercial market has been divided up into eightDNRME main geographicalAct areas along the main transport routes out from the CBD. They consist of Sandgate Road, Gympie Road, Enoggera Road, Given Terrace, Moggill Road, Ipswich Road, Logan Road and Wynnum Road. It is noted onthe new Brisbane City Plan 2014 came into effect 30 June 2014. RTI To date there have been approximately 244 commercial sales across Brisbane. 90 of these have transacted in the CBD or city fringe suburbs. At this time only sixteen lightly improved and vacant land sales have occurred since the October 2014 revaluation period. This limited number of sales alongLog with a large number of multi-unit development sales adjoining the commercial areas has indicated that commercial may receive increases if the current market trajectory persists. As stated above it should be noted thatPublished the significant volume of multi-unit residential sales that have transacted within close proximity to commercial centres from mid-2014 has slowed, but prices paid indicate that there is some upward lift occurring. These sales represent slight to moderate increases to the established commercial levels. The relevance of these multi-unit sales to the commercial market under the new City Plan seems appropriate given the several sales on commercial zoning which have indicatedDisclosure higher prices over and above the adjoining multi-unit zonings that have no potential for commercial. The Sandgate Road Precinct runs through the suburbs of Albion, Clayfield, Hamilton, Toombul, Nundah, Virginia, Deagon and Sandgate. Multiple sales of either full Mixed Use Residential (MUR) or mixed use redevelopment sites have transacted in and around the Nundah Village retail precinct including 47 Nundah Street, 16 Bridge Street, 57 Robinson Road,26 Station Street, 20 Bridge Street, 34 Jenner Street, and 32 London Street. A former General Industry zoned vacant site at 2007 Sandgate Road, Virginia on 2,843m² sold as a future petrol station. A Development Application for a petrol station was submitted by the purchaser pre-sale and is awaiting an approval. MUR redevelopment sales at Hamilton close to Mixed Use 3 - Corridor zoned properties include 145 Beatrice Street, 94 Stevenson Street and 66 Allen Street. Gympie Road Precinct runs through the suburbs of Windsor, Lutwyche, Kedron, Chermside, Aspley, Taigum, and Bald Hills. Surplus Brisbane City Council land at 161 Lutwyche Road zoned District Centre – Corridor was purchased by the adjoining owner with a volumetric easement for tunnel three metres below ground level adding an impost to development barely reflected in the price. A mixed use sale at 12-18 Felix Street sold with Development Application submitted post-sale and approved for 2 mixed use towers. A volumetric easement affects the sale with tunnel depths at 7m-20m below ground level. The sales are strongly supported by MUR sales at 56-58 Thistle Street, Lutwyche; 10-12

Page 28 of 62 18-228 File A Page 75 of 109 Market Survey 2015 BRISBANE CITY Wesley Street, 15 Chapel Street, Lutwyche; 27 High Street, Lutwyche; 24-28 McGregor Avenue, Lutwyche; 105-109 Chalk Street, Lutwyche and 26 Legeyt Street, Windsor. There was a predominance of MUR sales in the suburbs of Kedron, Zillmere , Lutwyche, Windsor and Chermside, located close to commercial precincts. Enoggera Road Precinct runs through the suburbs of Kelvin Grove, Newmarket, Gaythorne, Enoggera, Everton Park, Mitchelton, Keperra and Ferny Grove. One 2014 sale, a demolition/mixed use redevelopment sold at 14 Gordon Parade, Everton Park;. Given Terrace Precinct includes the suburbs running along Waterworks Road and Given Terrace. These suburbs comprise Red Hill, Ashgrove, The Gap, Paddington and Bardon. No lightly improved or vacant commercial land sales have occurred post-1/10/14 to the current period within this precinct. Moggill Road Precinct includes the suburbs of Milton, Toowong, Taringa, Indooroopilly and Kenmore. Indooroopilly Shopping Town’s expansion plans are now completed. A Major Centre zoned sale at 34 Sherwood Road, Toowong sold with existing single unit dwelling with Development Application submitted post sale for a new two storey commercial building comprising retail on ground level and offices on level one. The analysed rate is supported by analysed multi-unit sales. Multi-unit sales include 68 High Street, 527 Coronation Drive, 20-26 Benson Street, 35-37 Archer Street and 20 Walsh Street, Milton. Two late 2014 sales at 13 Railway Terrace, Milton zoned Inner City Mixed Use, and 2-6 Land Street, Toowong close to High Density Residential – up to 15 Storeys (flood-prone and backing onto a railway corridor) are both earmarked for mixed use multi-storey residential development with commercial at ground level. Their analysed rates underpin existing site values and their general style of development is consistent with other similar projects throughout the Milton/Toowong area. A 2,945m2 site at the corner of Clarence and Lambert Roads, Indooroopilly opposite newly up-zoned Centre Frame Mixed Use retail sold in March-2014 reflecting a ten percent increase relative to its notional value. Ipswich Road Precinct includes the suburbs of Annerley, Yeerongpilly, Moorooka, Oxley, Mount Ommaney, Graceville and Sherwood. 2009 This precinct includes a large number of properties which were impacted by the January 2011 Flood Event. Sales in the last two years have seen the detrimental impact of the 2011 FloodDNRME event onAct sales activity and prices heavily diminish when compared to non-flood impacted property. Although sales activity of commercial land is still rare due to the established nature of the area, this area has seen an explosionon of multi-unit land or demolition sales since the up zoning of much of the residential land after the Brisbane City Plan 2014 wasRTI introduced mid-2014. Sales at this stage would indicate that increases seen and applied in the market last year have slowed. Sales indicate that values in this precinct will require changes from no change up to 20 percent increases reflecting the different areas of the precinct. Logan Road Precinct includes the suburbs of Greenslopes,Log Holland Park, Mount Gravatt, Upper Mount Gravatt and Eight Mile Plains. Since the introduction of the Brisbane City Plan 2014 the volume of sales in this precinct has significantly increased with the volume of both multi-unit residentialPublished development sales and commercial sales indicating significant increases in some locales. Standout of these is Stones Corner in Greenslopes, where several mixed use sales such as at 357 Logan Road and 283 Logan Road, along with several other sales reported to be in the pipeline are indicating increases of up to 200 percent (two hundred percent). The Mount Gravatt and Holland ParkDisclosure areas have seen sales indicating smaller, but still significant increases to Greenslopes of up to 20 percent. This area also saw larger redevelopment site sales purchased for ALDI and Masters Hardware at 489 Creek Road, Mount Gravatt East and 48 Creek Road Mount Gravatt East respectively. Wynnum Road Precinct includes the suburbs of Coorparoo, Camp Hill, Carina, Carindale, Bulimba, Morningside, Cannon Hill, Tingalpa, Manly and Wynnum. Since the sale of 689 New Cleveland Road, Gumdale to be re-built as a petrol station several other petrol station sales have occurred such as 170 Bennetts Rd, Norman Park, which indicate that petrol stations are well supported at current levels or slightly undervalued in some locales. A review of petrol stations is required Brisbane-wide. Although there has been a lack of vacant or lightly improved commercial sales evidence since 1st October 2014, there has been some improvement in turnover of multi-unit development sales indicating a movement of ten to twenty percent.

Page 29 of 62 18-228 File A Page 76 of 109 Market Survey 2015 BRISBANE CITY

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Disclosure

Page 30 of 62 18-228 File A Page 77 of 109 Market Survey 2015 BRISBANE CITY Industrial Sales and Impacts on Value

Valuations

Number of Valuations 6575 Total Current $ Amount $10,641,458,574 Current Median Value $840,000 Min Factor 1 Max Factor 1.3 Overall Factor 1.012 Total New $ Amount $10,768,617,904 New Median Value $850,000

Sales

Sales Amount Vacant 3 Median Price Vacant $918,500 Sales Amount Non Vacant 133 Median Price non Vacant $1,480,000

Albion 2009

SMA 411 There are 222 properties in the SMA of Albion. The majority of DNRMEthese are smallerAct industrial properties, which are older in nature. The Northern portion of the SMA lies predominatelyon on the Eastern side of the Southern end of Sandgate Road, following the curve of Breakfast Creek. The Eastern side of RTIthe SMA abuts Allan Border Field and Albion Park Raceway. There are a few properties at the Northern end of this SMA clustered off Dover and Burdett Streets.

The Southern end of the SMA has the bulk of properties formingLog a cluster surrounding Hudson Rd in the suburb of Albion. This cluster is bounded by Sandgate Rd to the East and McDonald Rd to the West and extends up to Albion Rd to the North. Published There have been no sales within this SMA. Sales evidence from other Brisbane locations indicate a rewrite to the existing values.

Darra Disclosure

SMA 433

The SMA is comprised of over 450 properties being predominantly older-style sheds and new Industrial estates (Metro West Business and Technology Park at Seventeen Mile Rocks.) located to the north of the Ipswich Motorway (Sumner) The south and western regions of this SMA are still located in the division of Sherwood and borders the division of Yeerongpilly (literally across the road). This area takes in the western part of Wacol, Oxley and Darra and parts of Carole Park bordering Ipswich The newest estate at Bluestone Circuit, Seventeen Mile Rocks has sufficient sales evidence to suggest a base factor of 1.0 with manual adjustments applied were necessary for the 1/10/2014 revaluation. The established General industrial lands in this area are supported by sales and have a general application of $185 - $235perm2 for 1-2 -5 ha properties. The demand for Future Industrial lands in this area remains. The sales in SMA 432 have been used in arriving at recommendation for Darra Industrial Proposed factor 1.0 with manual adjustments in some areas.

Eagle Farm East

Page 31 of 62 18-228 File A Page 78 of 109 Market Survey 2015 BRISBANE CITY SMA 403 There are 372 properties in the SMA of Eagle Farm East spread over the suburbs of Eagle Farm and Hamilton. Geographically the Eagle Farm portion of the SMA contains the properties to the East of Southern Cross Way, bounded by Links Ave. Links Ave becomes Schneider Rd after the crossing of Eagle Farm Rd. The SMA’s Northern boundary is the Rail Line.

The Hamilton portion of the SMA includes properties West of Southern Cross Way. The Southern section of the SMA comprises established industrial properties, while the Northern comprises the recently developed Australia Trade Coast Precinct.

Eagle farm is considered to be one of the premium industrial precincts in Brisbane due to its proximity to the M1 and the port. Due to the developed and tightly held nature of this precinct and the sales from other areas of Brisbane, at this stage it is proposed to rewrite the industrial land in this precinct. The two sales that have been recorded and are suitable for analysis indicator that there may be an increase in the market, however this will have to be monitored over the next 3 months.

Eagle Farm North

SMA 405 The SMA of Eagle Farm North consists of 152 properties. It is bounded by Southern Cross Way to the East and the Airport Rail Line to the North. Surrounding residential development lies to the West and South. The SMA is geographically located within the suburb of Hendra. There are 3 main streets of industrial development within this SMA being Nudgee Rd, Navigator Place and Hedley Ave. 2009 Due to the developed and tightly held nature of this precinct and the sales from other areas of Brisbane, at this stage it is proposed to rewrite the industrial land in this precinct. ThereDNRME is howeverAct some anecdotal evidence such as increasing rent levels, and increased vacant possession improved sales, that this area may increase. This may become clearer over the next 3 months. on RTI Eagle Farm West

SMA 404 Log The SMA of Eagle Farm West contains 135 properties. It predominantly lies to the South West of Southern Cross Way extending down to the Brisbane River. The area near the river is covered by what was formally the UDLA development area and properties within this area arePublished bound to certain restrictions of use in relation to this.

East Brisbane

SMA 424 East Brisbane industrial is contiguous with South Brisbane 1000/04`s Woolloongabba, Deshon St industrial area and spans the local government areas border of 1000/06 (Tingalpa) and 1000/03 (Coorparoo) and 1000/01 (Balmoral)..

Although the Woolloongabba, Deshon St industrial area is showing possible increases largely due to sales of industrial along Logan Rd changing to Multi-unit use. The East Brisbane area separated by Norman Creek, is lower lying and generally considered slightly inferior. There has been one sale over Norman Creek in South Brisbane at 1027 Stanley St East indicating a rewrite of industrial values and improved, vacant possession sales would indicate no measureable increase or decrease in the market from the level of values already applied.

Eight Mile Plains

Page 32 of 62 18-228 File A Page 79 of 109 Market Survey 2015 BRISBANE CITY SMA 426 Eight Mile Plains industrial is located in the Brisbane Technology Park estate and in two office park developments along Logan Road. "Brisbane Technology Park was primarily developed for high-end industrial uses such as the bio-med and aviation industries.

There have been no recent sales in this industrial area over the last 12 months.

It is proposed to apply a factor of 1.0

Extractive

SMA 440 There are 13 properties within this SMA. These properties are sited sporadically across the whole of the Brisbane Region. There are 3 quarries located at the Western end of the Division of Enoggera in the suburb of Keperra.

There are 2 quarries located within the Division of Moggill at the Western end of the division, within the suburb of Kholo. The extractive industries located in Sherwood area are comprises land used by Boral. This area is currently under redevelopment from extractive to fully serviced and developed vacant Industrial land.

Geebung Virginia on RTI SMA 407 There are 510 properties located within the SMA of Geebung Virginia. The majority of these are triangulated between Sandgate Rd at the East, the North Coast Railway to the WestLog and Zillmere Road which forms the Northern boundary. There are two additional pockets of industrial properties within this SMA, one extending South from Radley St and the other surrounding the Southern termination of Bilsen Rd. Published There have been limited sales in this area which have analysed to a mixed bag of results. Given the variance within the sales evidence attention to this area is required. Some manual adjustments across the area may be required. This division will be monitored over the next 3 months with the possibility of a 10% increase in some locations. Disclosure Heathwood Larapinta Parkinson

SMA 431

This SMA incorporates the industrial estates at Heathwood, Larapinta, Parkinson and the more recent Berrinba development. There have been few estates in these developments for the current revaluation period and the 1/10/2014 sales are still relevant. Two sales recorded in the Radius Business Park, Larapinta support a factor of 1 being applied to these estates. 125 Axis Place Larapinta $4,400,000 17/04/2014 15820m2 $278/m2 and 25 Radius Drive, Larapinta $2,780,000 9215 m2 on 6/05/2014. These sales were not in the system at the time of the last revaluation. The sites are part of an overall GTP development and not individually assessed. It is assumed that the sales incorporate approved permissible development approvals and a GST component. The sales support a factor of 1.0for this SMA.

Mansfield

Page 33 of 62 18-228 File A Page 80 of 109 Market Survey 2015 BRISBANE CITY

SMA 425 Mansfield industrial is located west of the intersection of Creek Rd, Newman Rd and Cavendish Roads at Mansfield and crosses the border of the local government areas of 1000/06 (Tingalpa) and 1000/02 (Belmont). Mansfield consists of mixed sized, generally older industrial buildings, some with commercial components and has been tightly held traditionally. This area was reviewed 1/10/2014 and still it is intended to apply a factor 1.

Milton Toowong

SMA 413 There are 155 properties within the SMA of Milton Toowong. The portion of the SMA which is located within the division of Taringa has the bulk of properties clustered between Moggill Rd and the rail line West of Swann Rd.

These is a cluster of properties between St Francis Theological College and Suncorp Stadium, with some outlying properties gathered into this SMA that lie within the division of Ithaca.

The properties located within the division of Toowong are dispersed throughout the division. Some of these properties are in small clusters, however many are stand alone.

There have been no sales within this SMA. Sales evidence from other Brisbane locations indicate a rewrite to the existing values.

Myrtletown 2009

SMA 401 DNRMEAct The SMA of Myrtletown consists of 251 properties. It is bounded by Luggage Point Waste Water Treatment Plant to the North terminating at the junction with Priors Rd to the South.on The SMA geographically encompasses 3 main roads being Bancroft, Main Beach and Sandmere roads. Properties within this RTISMA are generally filled due to the low lying nature of the land.

Two sales have been recorded in Myrtletown which indicateLog an increase in value between 20 to 30%. As most land in this area is low lying, fill is progressively added to the allotments. It is recommended that a general revaluation be undertaken in this area to quantify the fill added to the sites in the last 12 months for consistency in site values. Published Newmarket

SMA 412 There are 180 properties within theDisclosure Newmarket SMA. Within the division of Ithaca these are predominately clustered around Bishop St, Kelvin Grove, with some outlying properties.

Within the division of Enoggera the major concentration of properties are clustered around Pickering St East of South Pine Rd in the suburb of Alderley.

The properties are in 4 major clusters within the division of Windsor. These clusters are adjacent to Lutwyche Rd and Newmarket Rd within the suburbs of Albion, Windsor, and Newmarket.

Due to the developed and tightly held nature of this precinct and the sales from other areas of Brisbane, at this stage it is proposed to rewrite the industrial land in this precinct.

Northgate Banyo

SMA 406 There are 506 properties within this SMA. The majority of these lie between the Gateway Motorway and the Shorncliffe Rail line, with smaller clusters along Nudgee Rd and the Western side of the train line. This is a well-established

Page 34 of 62 18-228 File A Page 81 of 109 Market Survey 2015 BRISBANE CITY industrial area, with some of the properties and improvements considered second tier. While this area still has good access to the Gateway Motorway and thus the M1, it is considered to be slightly less premium than Eagle Farm.

There is a paucity of vacant sales in this SMA. Due to the developed and tightly held nature of this precinct and the sales from other areas of Brisbane, at this stage it is proposed to rewrite the industrial land in this precinct. There is however some anecdotal evidence such as increasing rent levels, that this area may increase. This may become clearer over the next 3 months.

Pinkenba

SMA 402 The SMA of Pinkenba consists of 289 properties. It incorporates Bulwer Island and the North Eastern portion Pinkenba surrounding the village of Pinkenba. It terminates at the Eastern end of Eagle Farm. Sites within this SMA are generally larger industrial in nature.

Rocklea Beaudesert Road

SMA 430 2009 There are 1639 properties in the Rocklea-Beaudesert area. Geographically the SMA incorporates the established industrial suburbs of Acacia Ridge, Archerfield, Coopers Plains, Salisbury,DNRME Oxley,Act Moorooka and Rocklea. These industrial areas are characterised by older style sheds in established areas. This SMA caters for the full gamut of industrial uses from traditional smaller and larger sheds with hardstand storageon and parking areas, through to service/retail industrial uses such as showroom and hardware outlets to full retail/displayRTI showrooms and sales yards. This SMA includes a large number of flood prone industrial properties within the suburbs of Rocklea and Coopers Plains. The department continues to monitor this market very closely. To date, flood allowances have proven satisfactory and should be continued. Log The post flood vacant land sales used in last year’s revaluation are still relevant and will be used again for the 1/10/2014 revaluation with some resales supporting the values applied and the reissue of a factor of 1.0 i.e. There are very few larger sales in thePublished area of Rocklea and Acacia ridge. 56 Murdoch Circuit, Acacia Ridge which sold for $2,000,000 22/08/2012 6268m2 $319/m2 Applied 1/10/2014 $1,750,000 $279/m2. The resale at $2,400,000 on 26/06/2014 supports a factor of 1.0 The values to be applied for much larger blocks have been derived by reference to 2013 sales recorded at Heathwood/Larapinta Richlands andDisclosure Wacol which are still relevant

Sandgate Industrial

SMA 409 There are 98 industrial properties within the division of Sandgate. All these properties are contained within the one SMA. There are two main clusters of these properties. The first being either side of Connaught St and the second located on the Southern side of Rainbow St between Knox and Curlew Street. A secondary cluster of industrial properties is located at the termination of Station Road.

There has been no sales occurring within this SMA.

Stafford Kedron

SMA 410

Page 35 of 62 18-228 File A Page 82 of 109 Market Survey 2015 BRISBANE CITY There are 174 industrial properties within this SMA. These properties are dispersed throughout the remainder of the division of Kedron not covered by SMA’s 407 and 408. Some of these properties are in small clusters, however many are stand alone.

There have been no vacant sales within this SMA. Sales evidence from other Brisbane locations indicate a rewrite to the existing values.

Tingalpa

SMA 423 Tingalpa industrial fronts Manly Rd and runs up New Cleveland Rd in the suburbs of Tingalpa and Wakerley spanning the local government areas of Belmont (1000/02) and Balmoral (1000/01). Until recently it consisted mainly of older improved properties over a hectare in size and an older industrial estate off Wynnum Rd inbound, but in recent years has seen several small lot developments and a Masters Hardware store.

Sales indicate there will be no change in value for the larger sites.

Trade Coast South East

SMA 421 There are 425 plus properties located within the SMA of Trade Coast South East. This SMA consists of the suburbs of Hemmant, Lytton and the Port of Brisbane and is located on the southern bank at the mouth of the Brisbane River. Trade Coast South East stretches from Murarrie in the West and hugs the river to Lytton in the east. It overlaps the local government areas of Wynnum (1000/07) and Balmoral (1000/01). 2009 Trade Coast South East is thought of as the most highly desirable industrial land in Brisbane and its sales and values reflect this. Although vacant land is becoming more scarce furtherDNRME land is beingAct released in the near future by the Port of Brisbane Corporation releasing surplus lands at Colmslie and Port Gate at Lytton. on Trade Coast South East (Lytton) has benefitted from the opening ofRTI Port Link road with its main impacts leading to increased sales of the few remaining vacant land blocks along Export St, Lytton. The first 3km of Port Link was opened late 2012. Log Within the Port of Brisbane further reclamation works will continue to come online into the next fifteen years creating room for further stevedoring companies and ancillary industrial. Some growth is being tempered by rail transport being at capacity. Published

The sales that have occurred were fully applied 1/10/2014 and indicate no market movement in the last twelve months.

Disclosure Trade Coast South West

SMA 420 Trade Coast South West encompasses industrial land West of Murarrie (Trade Coast South East); Morningside, west through to the suburbs of Balmoral and Bulimba.

Industrial land in Bulimba is generally of smaller except along the river off Colmslie Rd, Morningside where large englobo or underdeveloped industrial blocks dominate. This area is generally tightly held. Bulimba industrial was impacted by the January 2011 floods which has not seemed to have had an impacted on land prices being paid. It`s Lack of stock and direct competition from the encroaching, alternative use of multi-unit residential developments has seen sales reflecting a premium for location.

The only useful sales that have occurred in this SMA to date have been improved, vacant possession sales. No substantial vacant sales have occurred, however 2014 sales from SMA 421, Trade Coast South East will be used to an extent in supporting a factor of 1.0for this SMA.

Page 36 of 62 18-228 File A Page 83 of 109 Market Survey 2015 BRISBANE CITY Wacol Richlands

SMA 432 This area covers Wacol, Richlands, Darra and Oxley Industrial south of Boundary Road and west of Kimberley Street. The area is contiguous to large tracks of Future Industrial lands in parts of Carole Park in the City of Ipswich. The market for good quality, vacant industrial land in this division for the 1/10/2014 revaluation has remained stable. The only remaining areas not developed and of a significant size for the development warehousing and distribution purposes are located to the west of the division in the Richlands and Wacol area. These two areas are still highly sought after by major corporations looking for opportunities to buy and land bank property which is now in short supply for future needs. The” Future Industrial” lands in this area are generally south of Boundary Road and adjoining Ipswich i.e. the transitional areas such as Coulson Street, McRoyle, Tile Street, Waterford Road and undeveloped areas of Progress Road. The industrial properties located on Waterford road will require a manual review (road widening, water issues) The base levels be $120 -$130 per m2 will be maintained for well-located future industrial lands factor of 1.0. Waterworks road to be reviewed to base levels $65-$70/m2 factor 0.9-0.95 The established General industrial lands in this area is supported by 2014 sales which are still relevant base levels of $185 - $235perm2 for 1-2 to 5 ha properties. This area generally reflects no real change in value overall factor 1.0

Wynnum

SMA 422 Industrial lands in Wynnum consist mainly of small, light industrial use blocks such2009 as auto repairers/mechanics and other small scale industrial. Most is located on side roads directly off Tingal Rd just north of the Wynnum Business Centre. DNRMEAct

Historically Sales in this area were for the demolition of lowon bay, cinder block sheds for redevelopment into high-bay, tilt-wall sheds with some second storey office space. RTI

These sales have all indicated a market that has not moved in the last twelve months. Log

Zillmere Published SMA 408 There are 24 properties in this SMA which is clustered on the Northern side of Zillmere Rd extending West of the Northern Rail Line to Aspley High School. Disclosure There have been no vacant sales within this SMA. Sales evidence from other Brisbane locations indicates a rewrite to the existing values.

Brisbane Inner City

The Inner City Industrial market comprises of small light industrial pockets located along the highly visible transport routes including Abbotsford Road at Bowen Hills, Breakfast Creek Road at Newstead, Montague Road at West End and Logan Road at Woolloongabba.

These industrial areas are also located in close proximity to tidal flooding Creeks and Rivers and a majority of properties were subject to inundation in the January 2011 floods.

Because of this, these areas are remaining tightly held and there are limited sales throughout 2014/15.

Page 37 of 62 18-228 File A Page 84 of 109 Market Survey 2015 BRISBANE CITY

Relativity in general is within acceptable level.

It is recommended that for AVLU 450 Factor 1 is applied with some manual adjustments.

Chandler Capalaba West

SMA 427

Chandler Capalaba West is a pocket of industrial abutting Redland City Council and isolated pockets along New and Old Cleveland Roads such as landscape suppliers.

This industrial generally follows Capalaba industrial or Wakerley/Tingalpa industrial depending on where it is located and its size. Sales in Tingalpa and Wakerley would indicate that the market has not moved and therefore a factor 1 will be applied to this industrial.

2009 DNRMEAct on RTI Log

Published

Disclosure

Page 38 of 62 18-228 File A Page 85 of 109 Market Survey 2015 BRISBANE CITY Primary Production Sales and Impacts on Value

Valuations

Number of Valuations 131 Total Current $ Amount $102,980,000 Current Median Value $550,000 Min Factor 1 Max Factor 1 Overall Factor 1.000 Total New $ Amount $102,980,000 New Median Value $550,000

Sales

Sales Amount Vacant Median Price Vacant Sales Amount Non Vacant Median Price non Vacant

2009 DNRMEAct on RTI Log

Published

Disclosure

Page 39 of 62 18-228 File A Page 86 of 109 Market Survey 2015 BRISBANE CITY

Analysed Sales (QSAS)

Address Dealing Sale Date Sale Price Sale Valn Exist Value Exist Value Prop Value Prop E/Valn A/Valn P/Valn App Cat Imp AVLU SMA Area Method Date Fact Rate Rate Rate Rate Level s.73 irrelevant information 716468837 2015-03-25 $410,000 860 SITE $415,000 2014-10-01 $415,000 1 $483 $477 $483 101.2 IND VAC 0 0 716556986 2015-03-17 $310,000 0 SITE $0 2014-10-01 $310,000 1.2 $0 $0 $0 100 RES VAC 0 0 716572898 2014-12-19 $550,000 0 SITE $0 2014-10-01 $500,000 1.2 $0 $0 $0 90.9 RES VAC 0 0 716507343 2015-02-06 $330,000 0 SITE $0 2014-10-01 $305,000 1.1 $0 $0 $0 92.4 RES VAC 0 102 716535750 2015-03-18 $336,000 400 SITE $0 2014-10-01 $300,000 1 $750 $840 $750 89.3 RES VAC 0 103 716526228 2015-04-29 $842,500 0 SITE $0 2014-10-01 $710,000 1.25 $0 $0 $0 87 RES DEM 0 103 715622481 2014-02-25 $11,000 3035 SITE $0 2014-10-01 $10,000 1 $3 $3 $3 100 RES VAC 0 105 716414431 2015-02-13 $1,037,305 351 SITE $0 2014-10-01 $960,000 1.25 $2,194 $2,951 $2,735 92.7 RES VAC 0 106 716528402 2015-03-17 $320,000 0 SITE $0 2014-10-01 $285,000 1.1 $0 $0 $0 89.1 RES VAC 0 106 716464719 2015-03-18 $545,000 900 SITE $0 2014-10-01 $500,000 1 $556 $606 $556 91.7 RES VAC 0 130 716339648 2014-12-12 $351,000 466 SITE $0 2014-10-01 $350,000 1 $753 $753 $751 99.7 RES VAC 0 140 716414420 2015-02-13 $275,000 2580 SITE $0 2014-10-01 $255,000 20091 $99 $106 $99 93.4 RES VAC 0 154 716386745 2015-03-02 $33,620,000 1049 SITE $0 2014-10-01 $32,000,000 1.6 $19,066 $32,050 $30,505 95.2 MXU DEM 0 214 715914515 2014-03-26 $4,565,000 0 SITE $0 2014-10-01 $4,000,000 1 $0 $0 $0 96.4 IND VAC 0 420 716144875 2014-05-06 $2,728,000 0 SITE $0 2014-10-01 $2,300,000 1 $0 $0 $0 92.7 IND VAC 0 431 712440384 2009-02-26 $1,405,000 1214 SITE $630,000 DNRME2014-10-01 Act$1,150,000 1 $947 $1,034 $947 91.6 RES DEM 150 10 713869737 2011-03-24 $1,658,000 1821 SITE $1,080,000 2014-10-01 $1,500,000 1.15 $714 $862 $824 95.6 RES DEM 150 29 714444686 2012-03-31 $458,000 809 SITE $375,000on 2014-10-01 $415,000 1.1 $464 $578 $513 88.7 RES DEM 150 64 715588532 2013-11-22 $350,000 400 SITE $0 2014RTI-10-01 $315,000 1.1 $713 $875 $788 90 RES VAC 150 101 715657870 2014-01-11 $442,500 405 SITE $330,000 2014-10-01 $415,000 1.05 $975 $1,082 $1,025 94.7 RES DEM 150 101 715669604 2014-01-11 $441,000 405 SITE $330,000 2014-10-01 $415,000 1.05 $975 $1,080 $1,025 94.9 RES DEM 150 101 716136340 2014-10-02 $379,000 464 SITE $260,000 2014-10-01 $375,000 1.1 $733 $813 $808 99.5 RES VAC 150 101 716231731 2014-11-18 $565,000 603 SITE $530,000Log 2014 -10-01 $560,000 1 $929 $934 $929 99.5 RES VAC 150 101 716073108 2014-08-28 $430,000 784 SITE $290,000 2014-10-01 $375,000 1.3 $370 $548 $478 87.2 RES DEM 150 101 716261351 2014-11-28 $590,000 473 SITE $530,000 2014-10-01 $580,000 1.1 $1,121 $1,237 $1,226 99.1 RES VAC 150 101 716280814 2014-12-06 $661,750 448 SITE $660,000 2014-10-01 $660,000 1 $1,473 $1,477 $1,473 99.7 RES VAC 150 101 716283726 2014-12-04 $650,000 466 SITE $420,000 2014-10-01 $590,000 1.4 $901 $1,395 $1,266 90.8 RES VAC 150 101 716287754 2014-07-17 $2,800,000 Published842 SITE $1,950,000 2014-10-01 $2,500,000 1.2 $2,435 $3,319 $2,969 89.4 MUL VAC 150 101 716037546 2014-06-26 $990,000 989 SITE $850,000 2014-10-01 $890,000 1.05 $859 $975 $900 92.3 RES DEM 150 101 716049963 2014-08-30 $875,000 789 SITE $730,000 2014-10-01 $770,000 1.05 $925 $1,076 $976 90.7 RES DEM 150 101 716262988 2014-10-04 $300,000 400 SITE $265,000 2014-10-01 $280,000 1.05 $663 $750 $700 93.3 RES VAC 150 101 716357654 2015-01-12 $360,000 528 SITE $305,000 2014-10-01 $335,000 1.1 $578 $678 $634 93.6 RES VAC 150 101 716285756 2014-07-23 $315,000 Disclosure405 SITE $260,000 2014-10-01 $300,000 1.15 $642 $778 $741 95.2 RES VAC 150 101 716295582 2014-11-29 $295,000 405 SITE $245,000 2014-10-01 $270,000 1.1 $605 $728 $667 91.5 RES VAC 150 101 716349395 2014-12-16 $380,000 426 SITE $275,000 2014-10-01 $330,000 1.2 $646 $892 $775 86.8 RES VAC 150 101 716288413 2014-11-29 $380,000 374 SITE $305,000 2014-10-01 $335,000 1.1 $816 $1,016 $896 88.2 RES VAC 150 101 715670947 2014-02-13 $406,000 486 SITE $305,000 2014-10-01 $365,000 1.2 $628 $835 $751 89.9 RES VAC 150 101 716396360 2015-02-16 $450,000 450 SITE $400,000 2014-10-01 $440,000 1.1 $889 $1,000 $978 97.8 RES VAC 150 101 716117910 2014-09-10 $377,000 400 SITE $305,000 2014-10-01 $350,000 1.15 $763 $943 $875 92.8 RES VAC 150 101 715780485 2014-03-19 $1,525,000 1613 SITE $875,000 2014-10-01 $1,400,000 1.25 $682 $909 $868 95.5 MUL DEM 150 101 716411402 2015-02-07 $485,000 622 SITE $370,000 2014-10-01 $445,000 1.2 $595 $772 $715 92.7 RES VAC 150 101 716410877 2015-03-03 $390,000 373 SITE $305,000 2014-10-01 $350,000 1.15 $818 $1,046 $938 89.7 RES VAC 150 101 716416878 2015-03-06 $610,000 516 SITE $415,000 2014-10-01 $580,000 1.4 $804 $1,182 $1,124 95.1 RES VAC 150 101

Page 40 of 62 18-228 File A Page 87 of 109 Market Survey 2015 BRISBANE CITY s.73 irrelevant information 716019988 2014-06-06 $460,000 400 SITE $440,000 2014-10-01 $440,000 1 $1,100 $1,150 $1,100 95.7 RES VAC 150 101 716427609 2015-01-16 $800,000 357 SITE $740,000 2014-10-01 $740,000 1 $2,073 $2,073 $2,073 100 RES LIM 150 101 716401869 2015-02-25 $419,100 329 SITE $0 2014-10-01 $375,000 1 $1,140 $1,259 $1,140 90.6 RES VAC 150 101 716413148 2014-10-02 $300,000 400 SITE $265,000 2014-10-01 $280,000 1.05 $663 $750 $700 93.3 RES VAC 150 101 716408356 2015-01-17 $720,500 455 SITE $540,000 2014-10-01 $670,000 1.15 $1,275 $1,584 $1,473 93 RES VAC 150 101 715565506 2013-12-04 $399,000 759 SITE $370,000 2014-10-01 $395,000 1.07 $487 $526 $520 99 RES DEM 150 101 716320496 2014-12-22 $1,253,600 1322 SITE $590,000 2014-10-01 $1,150,000 1.95 $446 $948 $870 91.7 RES DEM 150 101 715990285 2014-04-28 $660,000 1012 SITE $520,000 2014-10-01 $600,000 1 $593 $652 $593 90.9 RES DEM 150 101 716511319 2015-02-11 $341,250 304 SITE $265,000 2014-10-01 $320,000 1.2 $872 $1,123 $1,053 93.8 RES VAC 150 101 716515117 2015-03-20 $380,000 426 SITE $275,000 2014-10-01 $330,000 1.2 $646 $892 $775 86.8 RES VAC 150 101

716512465 2015-04-18 $525,000 708 SITE $0 2014-10-01 $320,000 1 $452 $740 $452 61.1 RES VAC 150 101 716290241 2014-10-15 $430,000 608 SITE $388,000 2014-10-01 $390,000 1 $638 $697 $641 92 RES VAC 150 101 716501697 2015-04-02 $315,000 405 SITE $260,000 2014-10-01 $285,000 1.1 $642 $778 $704 90.5 RES VAC 150 101 716493116 2015-03-13 $310,000 671 SITE $232,500 2014-10-01 $280,000 1.2 $347 $462 $417 90.3 RES VAC 150 101 716468282 2015-03-10 $287,000 385 SITE $240,000 2014-10-01 $265,000 1.1 $623 $745 $688 92.3 RES VAC 150 101 716381267 2014-11-30 $1,590,000 810 SITE $1,200,000 2014-10-01 $1,200,000 1 $1,481 $1,713 $1,481 86.5 RES IMP 150 101 716268218 2014-12-13 $500,000 810 SITE $325,000 2014-10-01 $445,000 1.05 $525 $585 $549 93.9 RES DEM 150 101 716148485 2014-01-30 $500,000 663 SITE $490,000 2014-10-01 $490,000 1 $739 $704 $739 105 RES DEM 150 101 716078318 2014-08-12 $1,645,000 1214 SITE $1,040,000 2014-10-01 $1,350,0002009 1.3 $857 $1,202 $1,112 92.5 MUL DEM 150 101 716078324 2014-09-03 $1,645,000 1214 SITE $1,040,000 2014-10-01 $1,350,000 1.3 $857 $1,202 $1,112 92.5 MUL DEM 150 101 716432985 2014-03-06 $1,772,000 1230 SITE $1,215,000 2014-10-01 $1,600,000 1.3 $988 $1,359 $1,301 95.7 RES DEM 150 101 716432988 2014-03-06 $1,772,000 1230 SITE $1,215,000 2014-10-01 $1,600,000 1.3 $988 $1,359 $1,301 95.7 RES DEM 150 101 716432982 2014-03-13 $1,772,000 1230 SITE $1,215,000 DNRME2014-10-01 Act$1,600,000 1.3 $988 $1,359 $1,301 95.7 RES DEM 150 101 716328379 2013-12-20 $1,630,000 1215 SITE $1,165,000 2014-10-01 $1,400,000 1.2 $959 $1,259 $1,152 91.5 MUL DEM 150 101 716328382 2014-02-10 $1,630,000 1215 SITE $1,165,000on 2014-10-01 $1,400,000 1.2 $959 $1,259 $1,152 91.5 MUL DEM 150 101 716473935 2015-03-20 $1,500,000 1368 SITE $940,000 2014RTI-10-01 $0 0 $687 $1,056 $0 0 MUL DEM 150 101 716562338 2015-05-08 $365,000 464 SITE $300,000 2014-10-01 $330,000 1.1 $647 $787 $711 90.4 RES VAC 150 101 716557144 2015-05-05 $360,000 464 SITE $300,000 2014-10-01 $330,000 1.1 $647 $776 $711 91.7 RES VAC 150 101 716507043 2015-04-13 $360,000 464 SITE $300,000 2014-10-01 $330,000 1.1 $647 $776 $711 91.7 RES VAC 150 101 716467924 2015-02-15 $450,000 852 SITE $290,000Log 2014 -10-01 $425,000 1 $498 $489 $499 102 RES LIM 150 101 716519270 2015-02-18 $800,000 1002 SITE $470,000 2014-10-01 $750,000 0.95 $788 $773 $749 96.8 RES DEM 150 101 716289058 2014-12-08 $580,000 607 SITE $435,000 2014-10-01 $500,000 1 $824 $900 $824 91.5 RES LIM 150 101 716218007 2014-11-20 $700,000 782 SITE $510,000 2014-10-01 $610,000 1.05 $742 $790 $780 98.7 RES IMP 150 101 716591343 2015-04-16 $935,000 810 SITE $570,000 2014-10-01 $650,000 1 $802 $879 $802 91.3 MUL LIM 150 101 715764406 2014-04-07 $570,000 Published688 SITE $440,000 2014-10-01 $510,000 1.15 $640 $792 $741 93.6 RES DEM 150 101 716288417 2015-01-06 $2,000,000 797 SITE $1,600,000 2014-10-01 $1,900,000 1 $2,359 $2,509 $2,384 95 RES VAC 150 102 716293522 2014-12-19 $2,066,000 1874 SITE $1,470,000 2014-10-01 $1,800,000 1.4 $694 $1,046 $961 91.8 ENG DEM 150 102 716293545 2014-12-19 $2,066,000 1874 SITE $1,470,000 2014-10-01 $1,800,000 1.4 $694 $1,046 $961 91.8 ENG DEM 150 102 716414155 2014-12-19 $2,066,000 1874 SITE $1,470,000 2014-10-01 $1,800,000 1.4 $694 $1,046 $961 91.8 ENG DEM 150 102 716383133 2014-04-15 $3,545,000 Disclosure2576 SITE $2,000,000 2014-10-01 $3,000,000 1.5 $776 $1,330 $1,165 87.6 MUL DEM 150 102 716168719 2014-10-13 $440,500 455 SITE $385,000 2014-10-01 $405,000 1.05 $846 $966 $890 92.2 RES VAC 150 102 716299167 2014-11-07 $4,125,000 1084 SITE $810,000 2014-10-01 $3,500,000 1.15 $2,768 $3,431 $3,229 94.1 COM DEM 150 102 716263677 2014-11-07 $395,000 669 SITE $315,000 2014-10-01 $380,000 1.2 $471 $590 $568 96.2 RES VAC 150 102 716259732 2014-12-12 $470,000 405 SITE $440,000 2014-10-01 $440,000 1 $1,086 $1,160 $1,086 93.6 RES VAC 150 102 716215983 2014-10-31 $500,000 417 SITE $455,000 2014-10-01 $480,000 1.05 $1,091 $1,194 $1,151 96.4 RES VAC 150 102 716383976 2015-02-06 $545,000 495 SITE $480,000 2014-10-01 $500,000 1.05 $970 $1,091 $1,010 92.6 RES VAC 150 102 716328388 2015-01-24 $352,000 778 SITE $315,000 2014-10-01 $330,000 1.05 $405 $452 $424 93.8 RES VAC 150 102 715844505 2014-04-24 $452,000 525 SITE $285,000 2014-10-01 $400,000 1.4 $543 $861 $762 88.5 RES VAC 150 102 716360986 2014-10-02 $510,000 405 SITE $400,000 2014-10-01 $460,000 1.15 $988 $1,259 $1,136 90.2 RES VAC 150 102 716355503 2014-11-17 $595,000 405 SITE $415,000 2014-10-01 $540,000 1.3 $1,025 $1,383 $1,333 96.4 RES VAC 150 102 Page 41 of 62 18-228 File A Page 88 of 109 Market Survey 2015 BRISBANE CITY s.73 irrelevant information 716005787 2014-06-03 $950,000 810 SITE $650,000 2014-10-01 $830,000 1.1 $926 $1,141 $1,025 89.8 RES DEM 150 102 716282380 2014-11-26 $1,810,000 1215 SITE $870,000 2014-10-01 $1,500,000 1.1 $1,111 $1,407 $1,235 87.7 RES DEM 150 102 716264685 2014-10-22 $2,800,000 917 SITE $3,200,000 2014-10-01 $2,600,000 1 $2,835 $3,053 $2,835 92.9 RES VAC 150 102 716439517 2015-03-18 $330,000 433 SITE $275,000 2014-10-01 $305,000 1.1 $635 $762 $704 92.4 RES VAC 150 102 715498996 2013-11-12 $740,000 711 SITE $540,000 2014-10-01 $650,000 1.05 $872 $1,004 $914 91 RES DEM 150 102 715519251 2013-11-05 $700,000 607 SITE $495,000 2014-10-01 $650,000 1.05 $1,021 $1,135 $1,071 94.3 RES DEM 150 102 716505497 2014-11-25 $360,000 542 SITE $295,000 2014-10-01 $295,000 1 $544 $662 $544 82.2 RES VAC 150 102 716499523 2015-05-08 $540,000 812 SITE $380,000 2014-10-01 $450,000 1 $554 $608 $554 91.1 RES VAC 150 102 716447527 2015-02-25 $415,000 550 SITE $255,000 2014-10-01 $255,000 1 $464 $753 $464 61.6 RES VAC 150 102 716493902 2015-03-04 $405,000 550 SITE $250,000 2014-10-01 $250,000 1 $455 $735 $455 61.9 RES VAC 150 102 715946640 2014-07-15 $1,155,000 1264 SITE $0 2014-10-01 $1,000,000 1.05 $767 $884 $791 89.5 MUL DEM 150 102 715801944 2014-05-07 $610,000 587 SITE $435,000 2014-10-01 $520,000 1.2 $741 $982 $886 90.2 MUL DEM 150 102 716141598 2014-08-29 $405,000 405 SITE $350,000 2014-10-01 $385,000 1.1 $864 $1,000 $951 95.1 RES VAC 150 102 716089822 2014-07-10 $650,000 655 SITE $450,000 2014-10-01 $670,000 1 $1,023 $950 $1,023 107.7 RES DEM 150 102 716299974 2015-01-21 $672,000 607 SITE $580,000 2014-10-01 $610,000 1.05 $956 $1,025 $1,005 98.1 RES LIM 150 102 716389527 2014-12-19 $680,000 1012 SITE $460,000 2014-10-01 $700,000 1 $692 $672 $692 102.9 MUL DEM 150 102 716540099 2015-02-07 $350,000 943 SITE $315,000 2014-10-01 $315,000 1 $334 $371 $334 90.1 RES VAC 150 102 715861513 2014-04-26 $870,000 809 SITE $690,000 2014-10-01 $760,000 1.1 $853 $1,034 $939 90.9 RES DEM 150 102 716533995 2015-03-31 $305,000 0 SITE $275,000 2014-10-01 $275,000 1 $0 $0 $0 90.2 RES VAC 150 102 716374247 2015-02-11 $230,000 405 SITE $212,500 2014-10-01 $212,500 20091 $525 $568 $525 92.4 RES VAC 150 102 716385916 2015-02-05 $505,000 478 SITE $405,000 2014-10-01 $465,000 1.15 $847 $1,056 $973 92.1 RES VAC 150 102 716516046 2015-02-18 $385,000 893 SITE $325,000 2014-10-01 $360,000 1.1 $364 $437 $403 92.3 RES VAC 150 102 715743746 2014-03-28 $1,140,000 1201 SITE $650,000 2014-10-01 $900,000 1.3 $579 $838 $749 89.4 RES LIM 150 102 715858002 2014-03-21 $555,000 564 SITE $330,000 DNRME2014-10-01 Act$480,000 1.2 $709 $938 $851 90.7 RES DEM 150 102 716550814 2015-05-18 $725,000 692 SITE $650,000 2014-10-01 $720,000 1.1 $939 $1,048 $1,040 99.3 RES VAC 150 102 715927167 2014-04-26 $850,000 1184 SITE $700,000on 2014-10-01 $770,000 1.1 $591 $718 $650 90.6 RES DEM 150 102 716421585 2014-12-16 $1,070,000 852 SITE $720,000 2014RTI-10-01 $950,000 1.25 $892 $1,225 $1,115 91 RES DEM 150 102 716543969 2015-03-12 $410,000 310 SITE $370,000 2014-10-01 $370,000 1 $1,194 $1,190 $1,194 100.3 RES VAC 150 102 715691696 2014-02-17 $555,000 602 SITE $495,000 2014-10-01 $495,000 1 $822 $879 $822 93.6 RES DEM 150 102 716243678 2014-08-23 $1,400,000 1215 SITE $910,000 2014-10-01 $1,200,000 1.1 $905 $1,106 $988 89.3 MUL DEM 150 102 715731926 2014-03-13 $735,000 810 SITE $550,000Log 2014 -10-01 $610,000 1.1 $679 $832 $753 90.5 RES LIM 150 102 716299356 2014-11-24 $875,000 885 SITE $510,000 2014-10-01 $740,000 1.1 $757 $959 $836 87.2 MUL DEM 150 102 714959521 2013-01-17 $430,000 883 SITE $375,000 2014-10-01 $375,000 1 $425 $424 $425 100.3 RES LIM 150 102 716531033 2015-03-23 $1,430,000 810 SITE $900,000 2014-10-01 $1,200,000 1.35 $1,111 $1,696 $1,481 87.3 MUL DEM 150 102 716558498 2015-02-21 $339,000 400 SITE $320,000 2014-10-01 $320,000 1 $800 $845 $800 94.7 RES VAC 150 102 716581125 2015-02-19 $332,000 Published400 SITE $321,000 2014-10-01 $320,000 1 $803 $828 $800 96.7 RES VAC 150 102 716527512 2015-02-16 $339,000 400 SITE $320,000 2014-10-01 $320,000 1 $800 $845 $800 94.7 RES VAC 150 102 716574632 2015-04-22 $398,888 620 SITE $325,000 2014-10-01 $325,000 1 $524 $642 $524 81.7 RES VAC 150 102 716473317 2015-02-27 $865,000 754 SITE $490,000 2014-10-01 $670,000 1.25 $710 $1,013 $889 87.7 RES LIM 150 102 716368084 2015-02-07 $540,000 438 SITE $470,000 2014-10-01 $470,000 1 $1,073 $1,174 $1,073 91.4 RES DEM 150 102 716481952 2014-12-22 $610,000 Disclosure642 SITE $540,000 2014-10-01 $540,000 1 $841 $910 $841 92.5 RES DEM 150 102 716369468 2014-12-13 $880,000 784 SITE $620,000 2014-10-01 $780,000 1.25 $791 $1,089 $995 91.3 MUL DEM 150 102 716590352 2015-05-13 $430,000 601 SITE $325,000 2014-10-01 $375,000 1.15 $541 $714 $624 87.4 RES VAC 150 102 716447267 2015-03-17 $420,000 809 SITE $335,000 2014-10-01 $365,000 1.05 $430 $487 $451 92.6 RES DEM 150 102 715831265 2014-04-10 $770,000 852 SITE $520,000 2014-10-01 $680,000 1.3 $610 $904 $798 88.3 RES DEM 150 102 716226448 2014-11-18 $465,000 809 SITE $350,000 2014-10-01 $370,000 1.05 $433 $464 $457 98.7 RES LIM 150 103 716257947 2014-12-19 $395,000 650 SITE $375,000 2014-10-01 $375,000 1 $577 $606 $577 95.3 RES VAC 150 103 716250893 2014-11-20 $840,000 810 SITE $495,000 2014-10-01 $790,000 1.2 $815 $994 $975 98.1 MUL DEM 150 103 716268329 2014-11-29 $750,000 405 SITE $0 2014-10-01 $710,000 0.95 $1,852 $1,849 $1,753 94.8 RES VAC 150 103 716292623 2014-12-21 $500,000 405 SITE $0 2014-10-01 $460,000 1.15 $988 $1,235 $1,136 92 RES VAC 150 103 716264802 2014-10-14 $675,000 845 SITE $700,000 2014-10-01 $670,000 0.95 $828 $796 $793 99.6 MUL VAC 150 103 Page 42 of 62 18-228 File A Page 89 of 109 Market Survey 2015 BRISBANE CITY s.73 irrelevant information 716221868 2014-11-27 $6,950,000 1863 SITE $3,570,000 2014-10-01 $6,600,000 1.2 $2,952 $3,623 $3,543 97.8 COM DEM 150 103 716221874 2014-11-27 $6,950,000 1863 SITE $3,570,000 2014-10-01 $6,600,000 1.2 $2,952 $3,623 $3,543 97.8 COM DEM 150 103 716221843 2014-11-27 $6,950,000 1863 SITE $3,570,000 2014-10-01 $6,600,000 1.2 $2,952 $3,623 $3,543 97.8 COM DEM 150 103 716221819 2014-11-27 $6,950,000 1863 SITE $3,570,000 2014-10-01 $6,600,000 1.2 $2,952 $3,623 $3,543 97.8 COM DEM 150 103 716265197 2014-11-18 $310,000 477 SITE $0 2014-10-01 $340,000 1 $713 $650 $713 109.7 RES VAC 150 103 716290418 2014-11-18 $320,000 400 SITE $0 2014-10-01 $300,000 1 $750 $800 $750 93.8 RES VAC 150 103 716266322 2014-11-25 $320,000 400 SITE $0 2014-10-01 $300,000 1 $750 $800 $750 93.8 RES VAC 150 103 716291299 2014-11-25 $295,000 431 SITE $0 2014-10-01 $320,000 1 $742 $684 $742 108.5 RES VAC 150 103 716269289 2014-11-25 $307,500 400 SITE $0 2014-10-01 $300,000 1 $750 $769 $750 97.6 RES VAC 150 103 716279462 2014-11-25 $307,500 401 SITE $0 2014-10-01 $305,000 1.014 $748 $767 $761 99.2 RES VAC 150 103 716284985 2014-11-18 $307,500 401 SITE $0 2014-10-01 $300,000 1 $748 $767 $748 97.6 RES VAC 150 103 716244327 2014-11-17 $355,000 666 SITE $335,000 2014-10-01 $335,000 1 $503 $533 $503 94.4 RES VAC 150 103 716244926 2014-11-25 $845,000 2371 SITE $690,000 2014-10-01 $690,000 1 $291 $356 $291 81.7 RES VAC 150 103 716322853 2014-11-28 $285,000 0 SITE $0 2014-10-01 $270,000 0.8 $0 $0 $0 94.7 RES VAC 150 103 716310492 2014-11-18 $307,500 400 SITE $0 2014-10-01 $300,000 1 $750 $769 $750 97.6 RES VAC 150 103 716312422 2015-01-07 $350,000 926 SITE $400,000 2014-10-01 $340,000 0.85 $432 $378 $367 97.1 RES VAC 150 103 716235120 2014-11-25 $320,000 405 SITE $310,000 2014-10-01 $310,000 1 $765 $790 $765 96.9 RES VAC 150 103 716268493 2014-11-20 $296,000 409 SITE $290,000 2014-10-01 $290,000 1 $709 $724 $709 98 RES VAC 150 103 716249016 2014-11-11 $405,000 506 SITE $375,000 2014-10-01 $375,000 1 $741 $800 $741 92.6 RES VAC 150 103 716085246 2014-09-12 $535,000 829 SITE $370,000 2014-10-01 $480,000 20091.3 $446 $645 $579 89.7 RES DEM 150 103 716332287 2015-01-21 $340,000 481 SITE $0 2014-10-01 $310,000 1.15 $561 $707 $644 91.2 RES VAC 150 103 716328806 2015-01-24 $400,000 647 SITE $375,000 2014-10-01 $375,000 1 $580 $618 $580 93.8 RES VAC 150 103 716324398 2014-12-11 $320,000 400 SITE $0 2014-10-01 $320,000 1 $800 $800 $800 100 RES VAC 150 103 716337324 2014-12-18 $350,000 450 SITE $320,000 DNRME2014-10-01 Act$320,000 1 $711 $778 $711 91.4 RES VAC 150 103 716336972 2015-01-06 $339,000 410 SITE $360,000 2014-10-01 $360,000 1 $878 $827 $878 106.2 RES VAC 150 103 716331176 2015-01-21 $480,000 750 SITE $385,000on 2014-10-01 $385,000 1 $513 $640 $513 80.2 RES VAC 150 103 716334818 2014-12-18 $361,000 403 SITE $275,000 2014RTI-10-01 $275,000 1 $682 $896 $682 76.2 RES VAC 150 103 716336293 2015-02-04 $340,000 465 SITE $275,000 2014-10-01 $305,000 1.1 $591 $731 $656 89.7 RES VAC 150 103 716266668 2014-11-19 $320,000 409 SITE $290,000 2014-10-01 $290,000 1 $709 $782 $709 90.6 RES VAC 150 103 716322851 2014-11-25 $320,000 633 SITE $380,000 2014-10-01 $305,000 0.8 $600 $506 $482 95.3 RES VAC 150 103 716314515 2014-12-21 $500,000 405 SITE $405,000Log 2014 -10-01 $445,000 1.1 $1,000 $1,235 $1,099 89 RES VAC 150 103 716383391 2015-02-09 $330,000 600 SITE $290,000 2014-10-01 $305,000 1.05 $483 $542 $508 93.8 RES VAC 150 103 715866954 2014-01-17 $315,100 410 SITE $315,000 2014-10-01 $315,000 1 $768 $769 $768 100 RES VAC 150 103 716251414 2014-10-23 $325,000 406 SITE $306,000 2014-10-01 $305,000 1 $754 $800 $751 93.8 RES VAC 150 103 716270466 2014-10-01 $345,000 435 SITE $325,000 2014-10-01 $325,000 1 $747 $793 $747 94.2 RES VAC 150 103 716274560 2014-09-19 $345,000 Published442 SITE $306,000 2014-10-01 $305,000 1 $692 $781 $690 88.4 RES VAC 150 103 716263082 2014-09-19 $350,000 505 SITE $331,000 2014-10-01 $330,000 1 $655 $693 $653 94.3 RES VAC 150 103 716281372 2014-09-10 $345,000 444 SITE $325,000 2014-10-01 $325,000 1 $732 $777 $732 94.2 RES VAC 150 103 716253026 2014-09-10 $325,000 405 SITE $304,000 2014-10-01 $305,000 1 $751 $802 $753 93.8 RES VAC 150 103 716253339 2014-08-12 $320,000 407 SITE $302,000 2014-10-01 $300,000 1 $742 $786 $737 93.8 RES VAC 150 103 716274121 2014-07-30 $319,900 Disclosure407 SITE $300,000 2014-10-01 $300,000 1 $737 $786 $737 93.8 RES VAC 150 103 716240778 2014-07-29 $350,000 666 SITE $330,000 2014-10-01 $330,000 1 $496 $526 $496 94.3 RES VAC 150 103 716253361 2014-07-28 $355,000 766 SITE $330,000 2014-10-01 $330,000 1 $431 $463 $431 93 RES VAC 150 103 716250726 2014-07-23 $350,000 728 SITE $331,000 2014-10-01 $330,000 1 $455 $481 $453 94.3 RES VAC 150 103 716259062 2014-07-23 $365,000 751 SITE $342,000 2014-10-01 $340,000 1 $455 $486 $453 93.2 RES VAC 150 103 716235361 2014-07-23 $340,000 442 SITE $321,000 2014-10-01 $320,000 1 $726 $769 $724 94.1 RES VAC 150 103 716240139 2014-07-04 $360,000 415 SITE $336,000 2014-10-01 $335,000 1 $810 $867 $807 93.1 RES VAC 150 103 716071662 2014-08-18 $602,750 407 SITE $440,000 2014-10-01 $550,000 1.25 $1,081 $1,472 $1,351 91.8 RES VAC 150 103 716408062 2015-02-20 $365,000 720 SITE $325,000 2014-10-01 $325,000 1 $451 $507 $451 89 RES VAC 150 103 716407724 2014-11-18 $310,000 450 SITE $320,000 2014-10-01 $320,000 1 $711 $689 $711 103.2 RES VAC 150 103 716435536 2015-03-15 $435,000 638 SITE $400,000 2014-10-01 $400,000 1 $627 $682 $627 92 RES VAC 150 103 Page 43 of 62 18-228 File A Page 90 of 109 Market Survey 2015 BRISBANE CITY s.73 irrelevant information 716366712 2015-02-06 $800,000 607 SITE $670,000 2014-10-01 $670,000 1 $1,104 $1,186 $1,104 93.1 RES LIM 150 103 716441177 2015-02-19 $410,000 641 SITE $375,000 2014-10-01 $375,000 1 $585 $640 $585 91.5 RES VAC 150 103 716379874 2014-12-16 $349,000 420 SITE $360,000 2014-10-01 $325,000 0.9 $857 $831 $774 93.1 RES VAC 150 103 716401168 2015-02-14 $1,600,000 832 SITE $1,000,000 2014-10-01 $1,450,000 1.45 $1,202 $1,856 $1,743 93.9 RES DEM 150 103 716430880 2015-03-02 $1,500,000 507 SITE $1,300,000 2014-10-01 $1,350,000 1.05 $2,564 $2,954 $2,663 90.1 RES VAC 150 103 715847540 2014-06-23 $650,000 604 SITE $480,000 2014-10-01 $530,000 1.1 $795 $930 $877 94.3 MUL VAC 150 103 716326524 2014-12-30 $565,000 673 SITE $455,000 2014-10-01 $455,000 1 $676 $706 $676 95.8 RES LIM 150 103 716110597 2014-08-13 $557,000 1111 SITE $405,000 2014-10-01 $465,000 1.15 $365 $470 $419 89.1 RES DEM 150 103 716142077 2014-08-14 $515,000 1075 SITE $415,000 2014-10-01 $415,000 1 $386 $413 $386 93.5 RES DEM 150 103 716133550 2014-04-30 $820,000 893 SITE $530,000 2014-10-01 $810,000 1 $907 $845 $907 107.3 MUL LIM 150 103 716409133 2014-04-16 $2,238,000 1166 SITE $770,000 2014-10-01 $1,900,000 1.6 $1,029 $1,868 $1,630 87.2 MUL VAC 150 103 716493371 2015-04-01 $2,238,000 1166 SITE $770,000 2014-10-01 $1,900,000 1.6 $1,029 $1,868 $1,630 87.2 MUL VAC 150 103 716475400 2015-04-01 $355,000 490 SITE $315,000 2014-10-01 $315,000 1 $643 $724 $643 88.7 RES VAC 150 103 716533483 2015-04-19 $715,000 695 SITE $540,000 2014-10-01 $620,000 1.15 $777 $948 $892 94.1 RES VAC 150 103 716518048 2015-03-24 $1,225,000 607 SITE $790,000 2014-10-01 $1,100,000 1.4 $1,301 $1,960 $1,812 92.4 RES VAC 150 103 716424063 2015-02-09 $895,000 809 SITE $870,000 2014-10-01 $780,000 0.9 $1,075 $1,003 $964 96.1 RES LIM 150 103 716388430 2015-02-14 $675,000 405 SITE $500,000 2014-10-01 $500,000 1 $1,235 $1,365 $1,235 90.5 RES LIM 150 103 716421189 2015-02-15 $515,000 607 SITE $445,000 2014-10-01 $445,000 1 $733 $806 $733 91 RES DEM 150 103 716540863 2015-05-08 $493,000 632 SITE $395,000 2014-10-01 $455,000 1.15 $625 $780 $720 92.3 RES VAC 150 103 716397506 2015-02-24 $805,000 810 SITE $510,000 2014-10-01 $660,000 20091.3 $630 $888 $815 91.8 RES LIM 150 103 716340724 2014-12-22 $662,000 604 SITE $445,000 2014-10-01 $530,000 1.2 $737 $930 $877 94.3 MUL DEM 150 103 716558607 2015-04-29 $685,000 810 SITE $425,000 2014-10-01 $650,000 1 $796 $814 $802 98.6 MUL DEM 150 103 716515386 2015-04-17 $412,000 607 SITE $295,000 2014-10-01 $310,000 1.05 $486 $545 $511 93.7 RES DEM 150 103 716508812 2015-03-19 $595,000 830 SITE $415,000 DNRME2014-10-01 Act$500,000 1.2 $500 $686 $602 87.9 RES DEM 150 103 716471238 2015-03-18 $500,000 810 SITE $430,000 2014-10-01 $450,000 1.05 $531 $585 $556 94.9 RES DEM 150 103 716408386 2015-02-21 $1,188,000 809 SITE $425,000on 2014-10-01 $910,000 1.75 $643 $1,289 $1,125 87.2 MUL VAC 150 103 716346588 2015-02-18 $522,000 807 SITE $385,000 2014RTI-10-01 $425,000 1.1 $477 $546 $527 96.4 RES LIM 150 103 716436801 2015-02-15 $546,000 835 SITE $350,000 2014-10-01 $455,000 1.3 $419 $614 $545 88.8 RES DEM 150 103 716487444 2015-02-11 $290,000 309 SITE $210,000 2014-10-01 $265,000 1.25 $680 $939 $858 91.4 RES VAC 150 103 716117873 2014-08-04 $599,000 923 SITE $305,000 2014-10-01 $500,000 1 $542 $620 $542 87.4 RES DEM 150 103 716464713 2015-03-27 $471,000 603 SITE $255,000Log 2014 -10-01 $410,000 1.6 $423 $740 $680 91.9 RES DEM 150 103 716147923 2014-10-10 $361,000 480 SITE $0 2014-10-01 $330,000 1.1 $625 $752 $688 91.4 RES VAC 150 104 715864917 2014-05-29 $365,000 405 SITE $315,000 2014-10-01 $345,000 1.05 $815 $901 $852 94.5 RES VAC 150 104 716150058 2014-03-17 $328,000 408 SITE $0 2014-10-01 $300,000 1 $735 $804 $735 91.5 RES VAC 150 104 715692680 2014-03-03 $480,000 613 SITE $400,000 2014-10-01 $460,000 1.1 $685 $783 $750 95.8 RES VAC 150 104 716249699 2014-12-03 $338,000 Published472 SITE $300,000 2014-10-01 $300,000 1 $636 $716 $636 88.8 RES VAC 150 104 716107906 2014-09-27 $760,000 607 SITE $550,000 2014-10-01 $660,000 1.2 $906 $1,252 $1,087 86.8 RES VAC 150 104 716068591 2014-08-31 $725,000 673 SITE $530,000 2014-10-01 $640,000 1.2 $788 $1,039 $951 91.6 RES DEM 150 104 716219359 2014-10-21 $330,000 460 SITE $305,000 2014-10-01 $305,000 1 $663 $717 $663 92.4 RES VAC 150 104 716314684 2015-01-08 $400,000 405 SITE $365,000 2014-10-01 $365,000 1 $901 $988 $901 91.3 RES VAC 150 104 716370338 2015-02-06 $390,000 Disclosure405 SITE $365,000 2014-10-01 $365,000 1 $901 $963 $901 93.6 RES VAC 150 104 716221831 2014-11-17 $349,000 503 SITE $313,000 2014-10-01 $315,000 1 $622 $694 $626 90.3 RES VAC 150 104 716140065 2014-03-18 $331,000 401 SITE $295,000 2014-10-01 $295,000 1 $736 $825 $736 89.1 RES VAC 150 104 716378204 2014-06-04 $375,000 408 SITE $320,000 2014-10-01 $335,000 1.05 $784 $919 $821 89.3 RES VAC 150 104 716289366 2014-12-17 $662,000 405 SITE $550,000 2014-10-01 $660,000 1.2 $1,358 $1,635 $1,630 99.7 RES VAC 150 104 716069095 2014-09-08 $660,000 696 SITE $520,000 2014-10-01 $570,000 1.1 $747 $907 $819 90.3 RES DEM 150 104 715568437 2013-11-07 $892,100 792 SITE $750,000 2014-10-01 $790,000 1.05 $947 $1,095 $997 91.1 RES DEM 150 104 716439749 2015-03-03 $295,000 407 SITE $270,000 2014-10-01 $270,000 1 $663 $725 $663 91.5 RES VAC 150 104 716169159 2014-10-07 $720,000 556 SITE $620,000 2014-10-01 $620,000 1 $1,115 $1,169 $1,115 95.4 RES LIM 150 104 716289370 2014-12-31 $680,000 395 SITE $590,000 2014-10-01 $590,000 1 $1,494 $1,519 $1,494 98.3 RES LIM 150 104 716342713 2014-12-27 $689,000 688 SITE $560,000 2014-10-01 $560,000 1 $814 $871 $814 93.5 RES LIM 150 104 Page 44 of 62 18-228 File A Page 91 of 109 Market Survey 2015 BRISBANE CITY s.73 irrelevant information 715850150 2014-05-08 $632,000 1297 SITE $395,000 2014-10-01 $590,000 1.5 $305 $487 $455 93.4 RES DEM 150 104 716219876 2014-12-09 $700,000 873 SITE $485,000 2014-10-01 $640,000 1.1 $664 $802 $733 91.4 RES DEM 150 104 716366372 2014-12-31 $430,000 615 SITE $330,000 2014-10-01 $380,000 1.15 $537 $659 $618 93.8 RES DEM 150 104 716421587 2015-01-21 $372,500 460 SITE $265,000 2014-10-01 $370,000 1.4 $576 $810 $804 99.3 RES VAC 150 104 715756604 2014-04-04 $440,000 599 SITE $325,000 2014-10-01 $390,000 1.2 $543 $694 $651 93.8 RES DEM 150 104 716383861 2015-01-16 $300,000 412 SITE $310,000 2014-10-01 $295,000 0.95 $752 $728 $716 98.3 RES VAC 150 104 716450513 2015-03-05 $337,500 467 SITE $350,000 2014-10-01 $335,000 0.95 $749 $723 $717 99.3 RES VAC 150 104 716430292 2015-03-14 $526,000 637 SITE $300,000 2014-10-01 $480,000 1.6 $471 $787 $754 95.8 RES DEM 150 104 716554057 2015-06-09 $516,500 511 SITE $475,000 2014-10-01 $475,000 1 $930 $1,011 $930 92 RES VAC 150 104 716458591 2015-02-18 $316,000 400 SITE $295,000 2014-10-01 $295,000 1 $738 $790 $738 93.4 RES VAC 150 104 716458583 2015-02-18 $348,000 430 SITE $325,000 2014-10-01 $325,000 1 $756 $809 $756 93.4 RES VAC 150 104 716458601 2015-02-18 $358,000 430 SITE $332,000 2014-10-01 $330,000 1 $772 $833 $767 92.2 RES VAC 150 104 716370851 2014-12-02 $650,000 422 SITE $500,000 2014-10-01 $475,000 0.95 $1,185 $1,179 $1,126 95.5 RES IMP 150 104 716558503 2015-05-14 $570,000 607 SITE $400,000 2014-10-01 $530,000 1.2 $733 $939 $873 93 MUL DEM 150 104 715738627 2014-03-13 $906,000 1219 SITE $670,000 2014-10-01 $870,000 1 $714 $722 $714 98.9 RES DEM 150 104 716414348 2015-03-30 $650,000 400 SITE $550,000 2014-10-01 $580,000 1.05 $1,375 $1,538 $1,450 94.3 RES VAC 150 104 716546234 2015-03-23 $516,500 511 SITE $475,000 2014-10-01 $500,000 1.05 $930 $1,011 $978 96.8 RES VAC 150 104 716576736 2015-05-11 $347,000 415 SITE $310,000 2014-10-01 $340,000 1.1 $747 $836 $819 98 RES VAC 150 104 716260320 2014-10-22 $550,000 589 SITE $335,000 2014-10-01 $500,000 20091.5 $569 $891 $849 95.2 RES DEM 150 104 716430398 2015-02-20 $835,000 602 SITE $490,000 2014-10-01 $640,000 1.3 $814 $1,153 $1,063 92.2 MUL VAC 150 104 716339849 2015-01-30 $1,156,000 809 SITE $770,000 2014-10-01 $1,000,000 1.3 $952 $1,386 $1,236 89.2 RES DEM 150 104 716246425 2014-11-15 $535,000 647 SITE $355,000 2014-10-01 $480,000 1.35 $549 $788 $742 94.1 RES DEM 150 104 716231742 2014-11-25 $563,000 604 SITE $325,000 DNRME2014-10-01 Act$500,000 1.1 $753 $891 $828 92.9 MUL DEM 150 104 716572677 2015-03-19 $630,000 701 SITE $280,000 2014-10-01 $570,000 1.1 $735 $863 $813 94.2 MUL DEM 150 104 716082409 2014-08-19 $520,000 842 SITE $315,000on 2014-10-01 $490,000 1.55 $374 $618 $582 94.2 RES VAC 150 104 715831657 2014-03-17 $448,000 614 SITE $320,000 2014RTI-10-01 $415,000 1.3 $521 $730 $676 92.6 RES VAC 150 104 716037706 2014-08-10 $640,000 637 SITE $355,000 2014-10-01 $570,000 1.6 $557 $943 $895 94.9 MUL DEM 150 104 715713587 2014-02-25 $565,000 637 SITE $370,000Log 2014 -10-01 $500,000 1.2 $659 $848 $785 92.6 MUL DEM 150 104 715954164 2014-04-22 $1,060,000 1274 SITE $680,000 2014-10-01 $960,000 1.1 $683 $793 $754 95 MUL DEM 150 104 715877609 2014-04-23 $1,060,000 1274 SITE $680,000 2014-10-01 $960,000 1.1 $683 $793 $754 95 MUL DEM 150 104 716488101 2015-05-01 $1,100,000 4047 SITE $465,000 2014-10-01 $1,000,000 1 $247 $263 $247 93.9 MUL DEM 150 104 716400069 2014-10-13 $1,100,000 1481 SITE $765,000 2014-10-01 $1,100,000 1.1 $675 $756 $743 98.2 MUL DEM 150 104 716373151 2014-10-13 $1,100,000 Published1481 SITE $765,000 2014-10-01 $1,100,000 1.1 $675 $756 $743 98.2 MUL DEM 150 104 716015077 2014-08-06 $447,500 487 SITE $357,500 2014-10-01 $375,000 1 $770 $919 $770 83.8 RES VAC 150 105 715948679 2014-05-29 $530,000 678 SITE $502,000 2014-10-01 $530,000 1 $782 $780 $782 100.3 RES VAC 150 105 716193434 2014-10-30 $630,000 405 SITE $430,000 2014-10-01 $495,000 1 $1,222 $1,333 $1,222 91.7 RES LIM 150 105 716207441 2014-11-11 $287,300 325 SITE $190,000 2014-10-01 $275,000 1.2 $700 $884 $846 95.7 RES VAC 150 105 716183864 2014-10-16 $570,000 402 SITE $380,000 2014-10-01 $420,000 1 $1,045 $1,157 $1,045 90.3 RES LIM 150 105 716238446 2014-10-28 $450,000 Disclosure525 SITE $0 2014-10-01 $405,000 1 $768 $857 $771 90 RES VAC 150 105 716227361 2014-12-18 $142,600 112 SITE $135,000 2014-10-01 $149,000 1.1 $1,205 $1,273 $1,330 104.5 RES VAC 150 105 716281656 2014-12-18 $174,000 146 SITE $162,500 2014-10-01 $180,000 1.1 $1,113 $1,192 $1,233 103.4 RES VAC 150 105 716279870 2014-10-18 $553,000 403 SITE $500,000 2014-10-01 $500,000 1 $1,241 $1,360 $1,241 91.2 RES VAC 150 105 716265385 2014-11-27 $154,800 123 SITE $135,000 2014-10-01 $149,000 1.1 $1,098 $1,259 $1,211 96.3 RES VAC 150 105 716230163 2014-11-06 $257,400 259 SITE $215,000 2014-10-01 $237,500 1.1 $830 $994 $917 92.3 RES VAC 150 105 716263032 2014-11-27 $277,300 325 SITE $227,500 2014-10-01 $275,000 1.2 $700 $853 $846 99.2 RES VAC 150 105 716247781 2014-11-19 $303,800 364 SITE $250,000 2014-10-01 $275,000 1.1 $687 $835 $755 90.5 RES VAC 150 105 716289826 2014-12-17 $303,800 364 SITE $250,000 2014-10-01 $275,000 1.1 $687 $835 $755 90.5 RES VAC 150 105 716270102 2014-11-27 $282,300 325 SITE $227,500 2014-10-01 $275,000 1.2 $700 $869 $846 97.4 RES VAC 150 105

Page 45 of 62 18-228 File A Page 92 of 109 Market Survey 2015 BRISBANE CITY s.73 irrelevant information 716247266 2014-11-06 $274,800 328 SITE $200,000 2014-10-01 $220,000 1.1 $610 $838 $671 80.1 RES VAC 150 105 716296419 2014-12-15 $269,300 321 SITE $200,000 2014-10-01 $220,000 1.1 $623 $839 $685 81.7 RES VAC 150 105 716244572 2014-11-18 $227,900 326 SITE $200,000 2014-10-01 $220,000 1.1 $614 $699 $675 96.5 RES VAC 150 105 716240684 2014-11-11 $255,700 408 SITE $220,000 2014-10-01 $242,500 1.1 $539 $627 $594 94.8 RES VAC 150 105 716290867 2014-12-15 $226,900 326 SITE $200,000 2014-10-01 $220,000 1.1 $614 $696 $675 97 RES VAC 150 105 716288593 2014-11-17 $253,700 408 SITE $220,000 2014-10-01 $242,500 1.1 $539 $622 $594 95.6 RES VAC 150 105 716244263 2014-11-24 $174,000 146 SITE $162,500 2014-10-01 $180,000 1.1 $1,113 $1,192 $1,233 103.4 RES VAC 150 105 716261318 2014-11-06 $169,000 146 SITE $162,500 2014-10-01 $180,000 1.1 $1,113 $1,158 $1,233 106.5 RES VAC 150 105 716249192 2014-11-28 $147,600 110 SITE $135,000 2014-10-01 $149,000 1.1 $1,227 $1,342 $1,355 100.9 RES VAC 150 105 716292522 2014-11-24 $149,800 108 SITE $130,000 2014-10-01 $143,000 1.1 $1,204 $1,387 $1,324 95.5 RES VAC 150 105 716242620 2014-11-11 $154,800 123 SITE $135,000 2014-10-01 $149,000 1.1 $1,098 $1,259 $1,211 96.3 RES VAC 150 105 716249196 2014-11-28 $154,800 123 SITE $135,000 2014-10-01 $149,000 1.1 $1,098 $1,259 $1,211 96.3 RES VAC 150 105 716282322 2014-11-20 $213,500 239 SITE $197,500 2014-10-01 $217,500 1.1 $826 $893 $910 101.9 RES VAC 150 105 716249194 2014-11-28 $147,600 110 SITE $135,000 2014-10-01 $135,000 1 $1,227 $1,342 $1,227 91.5 RES VAC 150 105 716302954 2014-12-02 $480,000 601 SITE $0 2014-10-01 $435,000 1.15 $632 $799 $724 90.6 RES VAC 150 105 716315501 2014-12-18 $318,300 607 SITE $250,000 2014-10-01 $275,000 1.1 $412 $524 $453 86.4 RES VAC 150 105 716321147 2014-12-17 $226,900 326 SITE $200,000 2014-10-01 $220,000 1.1 $614 $696 $675 97 RES VAC 150 105 716314737 2014-11-27 $190,900 245 SITE $180,000 2014-10-01 $197,500 1.1 $735 $779 $806 103.5 RES VAC 150 105 716319454 2014-11-27 $191,900 245 SITE $180,000 2014-10-01 $197,500 1.1 $735 $783 $806 102.9 RES VAC 150 105 716295395 2014-12-18 $174,000 146 SITE $162,500 2014-10-01 $180,000 20091.1 $1,113 $1,192 $1,233 103.4 RES VAC 150 105 716325193 2015-01-19 $480,000 404 SITE $330,000 2014-10-01 $445,000 1 $1,101 $1,182 $1,101 93.2 RES VAC 150 105 716242867 2014-10-27 $213,500 238 SITE $197,500 2014-10-01 $217,500 1.1 $830 $897 $914 101.9 RES VAC 150 105 716334362 2014-12-17 $269,800 320 SITE $200,000 2014-10-01 $220,000 1.1 $625 $843 $688 81.5 RES VAC 150 105 716352025 2014-12-15 $295,300 364 SITE $250,000 DNRME2014-10-01 Act$290,000 1.15 $687 $811 $797 98.2 RES VAC 150 105 716359320 2014-12-17 $191,900 245 SITE $180,000 2014-10-01 $197,500 1.1 $735 $783 $806 102.9 RES VAC 150 105 716372672 2015-01-16 $149,800 123 SITE $135,000on 2014-10-01 $149,000 1.1 $1,098 $1,218 $1,211 99.5 RES VAC 150 105 716360121 2015-01-19 $398,300 520 SITE $290,000 2014RTI-10-01 $350,000 1.2 $558 $766 $673 87.9 RES VAC 150 105 716350851 2015-01-28 $174,000 146 SITE $162,500 2014-10-01 $180,000 1.1 $1,113 $1,192 $1,233 103.4 RES VAC 150 105 716341736 2015-01-16 $309,800 438 SITE $220,000 2014-10-01 $242,500 1.1 $502 $707 $554 78.3 RES VAC 150 105 716344695 2015-01-16 $269,500 320 SITE $200,000 2014-10-01 $220,000 1.1 $625 $842 $688 81.6 RES VAC 150 105 716289319 2015-01-28 $412,000 495 SITE $405,000Log 2014 -10-01 $405,000 1 $818 $832 $818 98.3 RES VAC 150 105 716358847 2015-01-27 $438,000 468 SITE $390,000 2014-10-01 $390,000 1 $833 $936 $833 89 RES VAC 150 105 716355622 2015-01-19 $446,000 520 SITE $400,000 2014-10-01 $400,000 1 $769 $858 $769 89.7 RES VAC 150 105 716339743 2015-01-15 $461,000 520 SITE $410,000 2014-10-01 $410,000 1 $788 $887 $788 88.9 RES VAC 150 105 716338534 2014-12-13 $655,000 858 SITE $455,000 2014-10-01 $550,000 1.2 $530 $763 $641 84 RES VAC 150 105 716257257 2014-12-09 $388,000 Published482 SITE $375,000 2014-10-01 $0 0 $778 $805 $0 0 RES VAC 150 105 716252339 2014-11-28 $430,000 443 SITE $385,000 2014-10-01 $385,000 1 $869 $971 $869 89.5 RES VAC 150 105 716277956 2014-11-25 $486,000 568 SITE $463,000 2014-10-01 $465,000 1 $815 $856 $819 95.7 RES VAC 150 105 716265663 2014-11-25 $425,000 465 SITE $381,000 2014-10-01 $380,000 1 $819 $914 $817 89.4 RES VAC 150 105 716258542 2014-11-25 $438,000 452 SITE $415,000 2014-10-01 $415,000 1 $918 $969 $918 94.7 RES VAC 150 105 716240134 2014-11-25 $445,000 Disclosure600 SITE $398,000 2014-10-01 $400,000 1 $663 $742 $667 89.9 RES VAC 150 105 716285238 2014-11-25 $438,000 452 SITE $392,000 2014-10-01 $390,000 1 $867 $969 $863 89 RES VAC 150 105 716217025 2014-11-18 $465,000 607 SITE $417,000 2014-10-01 $415,000 1 $687 $766 $684 89.2 RES VAC 150 105 716215813 2014-11-11 $430,000 443 SITE $385,000 2014-10-01 $385,000 1 $869 $971 $869 89.5 RES VAC 150 105 716386345 2015-02-20 $147,600 110 SITE $135,000 2014-10-01 $149,000 1.1 $1,227 $1,342 $1,355 100.9 RES VAC 150 105 716383911 2014-12-19 $147,600 112 SITE $135,000 2014-10-01 $149,000 1.1 $1,205 $1,318 $1,330 100.9 RES VAC 150 105 716222817 2014-10-20 $465,000 607 SITE $417,000 2014-10-01 $415,000 1 $687 $766 $684 89.2 RES VAC 150 105 716205041 2014-10-09 $438,000 452 SITE $392,000 2014-10-01 $390,000 1 $867 $969 $863 89 RES VAC 150 105 716220083 2014-09-23 $450,000 533 SITE $403,000 2014-10-01 $405,000 1 $756 $844 $760 90 RES VAC 150 105 716220094 2014-09-23 $450,000 580 SITE $403,000 2014-10-01 $405,000 1 $695 $776 $698 90 RES VAC 150 105 716265683 2014-09-12 $438,000 437 SITE $390,000 2014-10-01 $390,000 1 $892 $1,002 $892 89 RES VAC 150 105 Page 46 of 62 18-228 File A Page 93 of 109 Market Survey 2015 BRISBANE CITY s.73 irrelevant information 716273031 2014-09-11 $420,000 582 SITE $376,000 2014-10-01 $375,000 1 $646 $722 $644 89.3 RES VAC 150 105 716234262 2014-09-04 $481,000 520 SITE $431,000 2014-10-01 $430,000 1 $829 $925 $827 89.4 RES VAC 150 105 716211803 2014-08-25 $415,000 391 SITE $372,000 2014-10-01 $370,000 1 $951 $1,061 $946 89.2 RES VAC 150 105 716274449 2014-08-22 $445,000 513 SITE $398,000 2014-10-01 $400,000 1 $776 $867 $780 89.9 RES VAC 150 105 716252325 2014-08-21 $455,000 600 SITE $408,000 2014-10-01 $410,000 1 $680 $758 $683 90.1 RES VAC 150 105 716352074 2014-08-20 $416,000 556 SITE $370,000 2014-10-01 $370,000 1 $665 $748 $665 88.9 RES VAC 150 105 716259054 2014-08-19 $465,000 607 SITE $417,000 2014-10-01 $415,000 1 $687 $766 $684 89.2 RES VAC 150 105 716243265 2014-08-12 $465,000 611 SITE $417,000 2014-10-01 $415,000 1 $682 $761 $679 89.2 RES VAC 150 105 716056816 2014-08-12 $550,000 600 SITE $540,000 2014-10-01 $540,000 1 $900 $917 $900 98.2 RES VAC 150 105 716213335 2014-08-11 $438,000 452 SITE $392,000 2014-10-01 $390,000 1 $867 $969 $863 89 RES VAC 150 105 716280197 2014-08-07 $465,000 611 SITE $417,000 2014-10-01 $415,000 1 $682 $761 $679 89.2 RES VAC 150 105 715941084 2014-06-13 $412,000 450 SITE $400,000 2014-10-01 $400,000 1 $889 $916 $889 97.1 RES VAC 150 105 715875102 2014-05-27 $430,000 500 SITE $370,000 2014-10-01 $370,000 1 $740 $860 $740 86 RES VAC 150 105 715935428 2014-05-07 $412,000 450 SITE $400,000 2014-10-01 $400,000 1 $889 $916 $889 97.1 RES VAC 150 105 715945707 2014-05-01 $412,000 450 SITE $400,000 2014-10-01 $400,000 1 $889 $916 $889 97.1 RES VAC 150 105 715925568 2014-05-01 $380,000 372 SITE $305,000 2014-10-01 $335,000 1.1 $820 $1,022 $901 88.2 RES VAC 150 105 715804735 2014-05-01 $409,000 475 SITE $340,000 2014-10-01 $375,000 1.1 $716 $861 $789 91.7 RES VAC 150 105 715930753 2014-04-28 $470,000 618 SITE $465,000 2014-10-01 $465,000 1 $752 $761 $752 98.9 RES VAC 150 105 715929715 2014-04-16 $435,000 619 SITE $435,000 2014-10-01 $435,000 1 $703 $703 $703 100 RES VAC 150 105 715910578 2014-04-16 $412,000 450 SITE $400,000 2014-10-01 $400,000 20091 $889 $916 $889 97.1 RES VAC 150 105 715957549 2014-04-08 $440,000 620 SITE $440,000 2014-10-01 $440,000 1 $710 $710 $710 100 RES VAC 150 105 715939360 2014-04-08 $440,000 610 SITE $435,000 2014-10-01 $435,000 1 $713 $721 $713 98.9 RES VAC 150 105 715942131 2014-04-08 $412,000 450 SITE $400,000 2014-10-01 $400,000 1 $889 $916 $889 97.1 RES VAC 150 105 715939390 2014-03-31 $440,000 622 SITE $440,000 DNRME2014-10-01 Act$440,000 1 $707 $707 $707 100 RES VAC 150 105 715891960 2014-03-28 $440,000 618 SITE $420,000 2014-10-01 $420,000 1 $680 $712 $680 95.5 RES VAC 150 105 715923623 2014-03-21 $412,000 450 SITE $400,000on 2014-10-01 $400,000 1 $889 $916 $889 97.1 RES VAC 150 105 715782096 2014-02-26 $440,000 685 SITE $430,000 2014RTI-10-01 $430,000 1 $628 $642 $628 97.7 RES VAC 150 105 715725862 2014-02-14 $375,000 388 SITE $305,000 2014-10-01 $335,000 1.1 $786 $966 $863 89.3 RES VAC 150 105 715892401 2014-02-13 $389,000 510 SITE $370,000 2014-10-01 $370,000 1 $725 $763 $725 95.1 RES VAC 150 105 715717370 2014-02-04 $435,000 465 SITE $380,000 2014-10-01 $380,000 1 $817 $935 $817 87.4 RES VAC 150 105 715933574 2014-01-24 $399,000 557 SITE $375,000Log 2014 -10-01 $375,000 1 $673 $716 $673 94 RES VAC 150 105 715620209 2014-01-24 $399,000 550 SITE $375,000 2014-10-01 $375,000 1 $682 $725 $682 94 RES VAC 150 105 715677847 2014-01-23 $630,000 900 SITE $485,000 2014-10-01 $530,000 1.1 $539 $700 $589 84.1 RES VAC 150 105 715625060 2014-01-17 $434,000 657 SITE $410,000 2014-10-01 $410,000 1 $624 $661 $624 94.5 RES VAC 150 105 715690466 2014-01-09 $440,000 654 SITE $430,000 2014-10-01 $430,000 1 $657 $673 $657 97.7 RES VAC 150 105 716367087 2015-01-16 $190,900 Published245 SITE $180,000 2014-10-01 $197,500 1.1 $735 $779 $806 103.5 RES VAC 150 105 716397230 2014-12-18 $201,500 237 SITE $192,500 2014-10-01 $212,500 1.1 $812 $850 $897 105.5 RES VAC 150 105 716402681 2015-01-16 $305,500 364 SITE $250,000 2014-10-01 $300,000 1.2 $687 $839 $824 98.2 RES VAC 150 105 716400959 2015-01-30 $281,100 336 SITE $200,000 2014-10-01 $220,000 1.1 $595 $837 $655 78.3 RES VAC 150 105 716401840 2015-02-03 $438,000 462 SITE $390,000 2014-10-01 $390,000 1 $844 $948 $844 89 RES VAC 150 105 716413184 2015-01-29 $435,000 Disclosure443 SITE $385,000 2014-10-01 $385,000 1 $869 $982 $869 88.5 RES VAC 150 105 716413335 2015-01-30 $169,000 146 SITE $162,500 2014-10-01 $180,000 1.1 $1,113 $1,158 $1,233 106.5 RES VAC 150 105 716397932 2014-11-27 $535,000 600 SITE $476,000 2014-10-01 $475,000 1 $793 $892 $792 88.8 RES VAC 150 105 716395170 2014-11-25 $555,000 672 SITE $498,000 2014-10-01 $0 0 $741 $826 $0 0 RES VAC 150 105 716392186 2014-11-13 $435,000 443 SITE $385,000 2014-10-01 $385,000 1 $869 $982 $869 88.5 RES VAC 150 105 716395780 2014-10-28 $565,000 730 SITE $507,000 2014-10-01 $510,000 1 $695 $774 $699 90.3 RES VAC 150 105 716271530 2014-11-28 $1,438,000 1618 SITE $1,283,000 2014-10-01 $1,300,000 1 $793 $889 $803 90.4 RES VAC 150 105 716430249 2015-03-05 $435,000 450 SITE $390,000 2014-10-01 $390,000 1 $867 $967 $867 89.7 RES VAC 150 105 716430733 2015-02-25 $435,000 450 SITE $390,000 2014-10-01 $390,000 1 $867 $967 $867 89.7 RES VAC 150 105 715720463 2014-02-27 $730,000 810 SITE $680,000 2014-10-01 $710,000 1.05 $840 $901 $877 97.3 RES DEM 150 105 716446230 2015-03-12 $435,000 480 SITE $390,000 2014-10-01 $390,000 1 $813 $906 $813 89.7 RES VAC 150 105 Page 47 of 62 18-228 File A Page 94 of 109 Market Survey 2015 BRISBANE CITY s.73 irrelevant information 716441334 2015-01-30 $169,000 146 SITE $162,500 2014-10-01 $180,000 1.1 $1,113 $1,158 $1,233 106.5 RES VAC 150 105 716450246 2015-03-16 $275,000 320 SITE $230,000 2014-10-01 $255,000 1.1 $719 $859 $797 92.7 RES VAC 150 105 716461243 2015-03-17 $435,000 455 SITE $390,000 2014-10-01 $390,000 1 $857 $956 $857 89.7 RES VAC 150 105 716483305 2015-04-01 $435,000 443 SITE $383,000 2014-10-01 $400,000 1.05 $865 $982 $903 92 RES VAC 150 105 716366810 2015-02-20 $276,000 668 SITE $255,000 2014-10-01 $255,000 1 $382 $413 $382 92.4 RES VAC 150 105 716438886 2015-03-12 $435,000 443 SITE $383,000 2014-10-01 $400,000 1.05 $865 $982 $903 92 RES VAC 150 105 716490968 2015-03-12 $438,000 468 SITE $390,000 2014-10-01 $390,000 1 $833 $936 $833 89 RES VAC 150 105 716432760 2014-11-27 $540,000 644 SITE $484,000 2014-10-01 $0 0 $752 $839 $0 0 RES VAC 150 105 716432761 2014-11-27 $555,000 666 SITE $498,000 2014-10-01 $500,000 1 $748 $833 $751 90.1 RES VAC 150 105 716417059 2015-03-04 $275,000 1960 SITE $295,000 2014-10-01 $260,000 1 $133 $140 $133 94.9 RES VAC 150 105 716529491 2015-03-19 $435,000 443 SITE $385,000 2014-10-01 $385,000 1 $869 $982 $869 88.5 RES VAC 150 105 716532844 2015-03-16 $428,000 412 SITE $383,000 2014-10-01 $385,000 1 $930 $1,039 $934 90 RES VAC 150 105 716532849 2015-03-16 $428,000 412 SITE $383,000 2014-10-01 $385,000 1 $930 $1,039 $934 90 RES VAC 150 105 716486434 2015-03-11 $1,000,000 796 SITE $1,300,000 2014-10-01 $980,000 0.75 $1,633 $1,256 $1,231 98 RES VAC 150 105 716324602 2015-01-04 $265,000 400 SITE $247,500 2014-10-01 $247,500 1 $619 $663 $619 93.4 RES VAC 150 105 716419750 2014-12-13 $385,000 347 SITE $285,000 2014-10-01 $355,000 1.25 $821 $1,110 $1,023 92.2 RES VAC 150 105 716050827 2014-08-21 $2,440,000 4500 SITE $1,840,000 2014-10-01 $2,200,000 1.2 $409 $542 $489 90.2 RES DEM 150 105 716130536 2014-09-08 $2,440,000 4500 SITE $1,840,000 2014-10-01 $2,200,000 1.2 $409 $542 $489 90.2 RES DEM 150 105 716504853 2015-04-15 $394,700 604 SITE $265,000 2014-10-01 $320,000 1.2 $439 $653 $530 81.1 RES VAC 150 105 716508909 2015-04-01 $267,500 320 SITE $200,000 2014-10-01 $220,000 20091.1 $625 $836 $688 82.2 RES VAC 150 105 716501694 2015-02-11 $294,400 353 SITE $200,000 2014-10-01 $220,000 1.1 $567 $834 $623 74.7 RES VAC 150 105 716199717 2014-10-15 $675,000 402 SITE $640,000 2014-10-01 $640,000 1 $1,592 $1,679 $1,592 94.8 RES VAC 150 105 716389627 2015-02-11 $700,000 405 SITE $420,000 2014-10-01 $440,000 1.05 $1,037 $1,229 $1,086 88.4 RES IMP 150 105 716261041 2014-11-30 $745,000 607 SITE $520,000 DNRME2014-10-01 Act$550,000 1.05 $857 $976 $906 92.8 RES LIM 150 105 716526801 2015-03-06 $820,000 647 SITE $590,000 2014-10-01 $760,000 1 $1,181 $1,181 $1,175 99.5 MUL DEM 150 105 716154484 2014-10-09 $652,500 665 SITE $560,000on 2014-10-01 $560,000 1 $842 $897 $842 93.9 RES DEM 150 105 716104514 2014-09-01 $580,000 703 SITE $340,000 2014RTI-10-01 $475,000 1.4 $484 $745 $676 90.6 RES DEM 150 105 716560401 2015-02-27 $176,000 142 SITE $145,000 2014-10-01 $160,000 1.1 $1,021 $1,239 $1,127 90.9 RES VAC 150 105 716561420 2015-02-04 $242,000 350 SITE $250,000 2014-10-01 $275,000 1.1 $714 $691 $786 113.6 RES VAC 150 105 716536245 2015-02-04 $218,000 249 SITE $197,500 2014-10-01 $217,500 1.1 $793 $876 $873 99.8 RES VAC 150 105 716557214 2015-03-06 $325,300 395 SITE $265,000Log 2014 -10-01 $290,000 1.1 $671 $824 $734 89.1 RES VAC 150 105 716562069 2015-03-06 $176,000 142 SITE $145,000 2014-10-01 $160,000 1.1 $1,021 $1,239 $1,127 90.9 RES VAC 150 105 716574150 2015-03-06 $171,000 142 SITE $145,000 2014-10-01 $160,000 1.1 $1,021 $1,204 $1,127 93.6 RES VAC 150 105 716574579 2015-03-06 $248,500 350 SITE $250,000 2014-10-01 $275,000 1.1 $714 $710 $786 110.7 RES VAC 150 105 716573901 2015-03-10 $279,000 438 SITE $280,000 2014-10-01 $310,000 1.1 $639 $637 $708 111.1 RES VAC 150 105 716532894 2015-03-27 $410,500 Published523 SITE $290,000 2014-10-01 $350,000 1.2 $554 $785 $669 85.3 RES VAC 150 105 716566020 2015-04-01 $249,000 350 SITE $250,000 2014-10-01 $275,000 1.1 $714 $711 $786 110.4 RES VAC 150 105 716577039 2015-04-01 $241,000 280 SITE $230,000 2014-10-01 $255,000 1.1 $821 $861 $911 105.8 RES VAC 150 105 716562819 2015-04-09 $140,000 95 SITE $105,000 2014-10-01 $116,000 1.1 $1,105 $1,474 $1,221 82.9 RES VAC 150 105 716570142 2015-04-09 $149,000 102 SITE $110,000 2014-10-01 $121,000 1.1 $1,078 $1,461 $1,186 81.2 RES VAC 150 105 716574368 2015-04-10 $104,000 Disclosure53 SITE $84,000 2014-10-01 $92,000 1.1 $1,585 $1,962 $1,736 88.5 RES VAC 150 105 716574584 2015-04-10 $141,000 111 SITE $135,000 2014-10-01 $149,000 1.1 $1,216 $1,270 $1,342 105.7 RES VAC 150 105 716564243 2015-04-28 $160,000 115 SITE $135,000 2014-10-01 $149,000 1.1 $1,174 $1,391 $1,296 93.1 RES VAC 150 105 716566702 2015-05-08 $350,600 437 SITE $265,000 2014-10-01 $320,000 1.2 $606 $802 $732 91.3 RES VAC 150 105 716503393 2015-03-27 $1,200,000 810 SITE $690,000 2014-10-01 $1,050,000 1.45 $877 $1,449 $1,296 89.4 MUL DEM 150 105 716444773 2015-03-13 $945,000 810 SITE $610,000 2014-10-01 $0 0 $1,130 $1,135 $0 0 MUL DEM 150 105 716601090 2015-05-29 $246,000 280 SITE $230,000 2014-10-01 $255,000 1.1 $821 $879 $911 103.7 RES VAC 150 105 716231709 2014-11-25 $320,000 405 SITE $240,000 2014-10-01 $320,000 1.2 $654 $790 $790 100 RES VAC 150 106 716229396 2014-10-21 $340,000 771 SITE $265,000 2014-10-01 $305,000 1.15 $344 $441 $396 89.7 RES VAC 150 106 716258982 2014-11-05 $285,000 400 SITE $205,000 2014-10-01 $255,000 1.25 $513 $713 $638 89.5 RES VAC 150 106 716268036 2014-11-24 $285,000 400 SITE $205,000 2014-10-01 $255,000 1.25 $513 $713 $638 89.5 RES VAC 150 106 Page 48 of 62 18-228 File A Page 95 of 109 Market Survey 2015 BRISBANE CITY s.73 irrelevant information 716294732 2014-11-28 $299,000 477 SITE $215,000 2014-10-01 $270,000 1.25 $451 $627 $566 90.3 RES VAC 150 106 716303330 2014-11-28 $285,000 400 SITE $205,000 2014-10-01 $255,000 1.25 $513 $713 $638 89.5 RES VAC 150 106 716312722 2014-11-18 $255,000 349 SITE $200,000 2014-10-01 $250,000 1.25 $573 $731 $716 98 RES VAC 150 106 716330722 2015-01-12 $287,000 424 SITE $210,000 2014-10-01 $265,000 1.25 $495 $677 $625 92.3 RES VAC 150 106 716283629 2014-10-07 $299,000 480 SITE $220,000 2014-10-01 $275,000 1.25 $458 $623 $573 92 RES VAC 150 106 716227136 2014-10-22 $285,000 400 SITE $205,000 2014-10-01 $255,000 1.25 $513 $713 $638 89.5 RES VAC 150 106 716342638 2015-01-28 $330,000 718 SITE $260,000 2014-10-01 $325,000 1.25 $362 $460 $453 98.5 RES VAC 150 106 716349304 2014-11-29 $285,000 400 SITE $205,000 2014-10-01 $255,000 1.25 $513 $713 $638 89.5 RES VAC 150 106 716366479 2014-11-25 $285,000 401 SITE $200,000 2014-10-01 $250,000 1.25 $499 $711 $623 87.7 RES VAC 150 106 716253951 2014-11-11 $285,000 400 SITE $205,000 2014-10-01 $255,000 1.25 $513 $713 $638 89.5 RES VAC 150 106 716385951 2015-01-12 $285,000 400 SITE $205,000 2014-10-01 $255,000 1.25 $513 $713 $638 89.5 RES VAC 150 106 716397868 2015-01-27 $750,000 470 SITE $630,000 2014-10-01 $690,000 1.1 $1,340 $1,589 $1,468 92.4 RES VAC 150 106 716406322 2015-02-12 $280,000 401 SITE $200,000 2014-10-01 $250,000 1.25 $499 $698 $623 89.3 RES VAC 150 106 716418759 2015-01-28 $305,000 480 SITE $210,000 2014-10-01 $265,000 1.25 $438 $635 $552 86.9 RES VAC 150 106 716421838 2015-01-25 $318,000 405 SITE $260,000 2014-10-01 $310,000 1.2 $642 $785 $765 97.5 RES VAC 150 106 716400661 2015-01-29 $322,000 405 SITE $260,000 2014-10-01 $310,000 1.2 $642 $795 $765 96.3 RES VAC 150 106 716492657 2015-04-02 $297,500 407 SITE $235,000 2014-10-01 $0 0 $577 $731 $0 0 RES VAC 150 106 716506947 2015-04-12 $610,000 405 SITE $465,000 2014-10-01 $465,000 1 $1,148 $1,205 $1,148 95.3 RES LIM 150 106 716491166 2015-04-18 $980,000 809 SITE $630,000 2014-10-01 $690,000 1.1 $779 $961 $853 88.7 RES LIM 150 106 716525571 2015-04-13 $695,000 531 SITE $465,000 2014-10-01 $490,000 20091.05 $876 $975 $923 94.7 RES LIM 150 106 716459390 2015-02-24 $299,000 477 SITE $215,000 2014-10-01 $270,000 1.25 $451 $627 $566 90.3 RES VAC 150 106 716484420 2015-03-23 $330,000 761 SITE $270,000 2014-10-01 $310,000 1.15 $355 $434 $407 93.9 RES VAC 150 106 716459435 2015-02-27 $299,000 477 SITE $215,000 2014-10-01 $270,000 1.25 $451 $627 $566 90.3 RES VAC 150 106 716459345 2015-02-19 $299,000 478 SITE $215,000 DNRME2014-10-01 Act$270,000 1.25 $450 $626 $565 90.3 RES VAC 150 106 716329839 2015-01-10 $660,000 440 SITE $410,000 2014-10-01 $450,000 1.1 $932 $1,097 $1,023 93.2 RES IMP 150 106 716378688 2015-02-11 $760,500 473 SITE $520,000on 2014-10-01 $570,000 1.1 $1,099 $1,286 $1,205 93.7 RES IMP 150 106 716244443 2014-10-13 $260,000 369 SITE $200,000 2014RTI-10-01 $0 0 $542 $705 $0 0 RES VAC 150 106 716310002 2014-12-26 $655,000 607 SITE $510,000 2014-10-01 $510,000 1 $840 $911 $840 92.3 RES LIM 150 106 716185114 2014-09-19 $760,000 810 SITE $425,000 2014-10-01 $660,000 1.55 $525 $869 $815 93.8 RES DEM 150 106 716564955 2014-10-27 $1,150,000 1351 SITE $880,000 2014-10-01 $1,100,000 1.1 $740 $851 $814 95.7 MUL DEM 150 106 715630567 2013-11-28 $554,000 640 SITE $395,000Log 2014 -10-01 $455,000 1.15 $617 $864 $711 82.3 RES VAC 150 106 716473510 2015-01-08 $800,000 3918 SITE $455,000 2014-10-01 $750,000 1.05 $181 $200 $191 95.9 MUL DEM 150 106 716209270 2014-11-05 $660,000 607 SITE $580,000 2014-10-01 $580,000 1 $956 $972 $956 98.3 RES LIM 150 107 716191742 2014-10-22 $670,000 506 SITE $590,000 2014-10-01 $590,000 1 $1,166 $1,186 $1,166 98.3 RES LIM 150 107 716441040 2015-03-20 $810,000 536 SITE $720,000 2014-10-01 $720,000 1 $1,343 $1,362 $1,343 98.6 RES LIM 150 107 716425853 2015-01-17 $2,200,000 Published1070 SITE $1,250,000 2014-10-01 $2,000,000 1 $1,869 $2,032 $1,869 92 MUL DEM 150 107 716452961 2015-03-06 $575,000 907 SITE $0 2014-10-01 $570,000 1.1 $573 $634 $628 99.1 RES VAC 150 107 716465577 2014-07-04 $2,325,000 2049 SITE $1,705,000 2014-10-01 $2,000,000 1.2 $832 $1,094 $976 89.2 RES DEM 150 107 716424082 2014-12-13 $250,000 1606 SITE $270,000 2014-10-01 $235,000 1 $146 $155 $146 94.4 RES VAC 150 107 716346242 2015-02-12 $600,000 405 SITE $455,000 2014-10-01 $480,000 1.05 $1,123 $1,279 $1,185 92.7 RES LIM 150 107 715740267 2014-03-24 $690,000 Disclosure627 SITE $690,000 2014-10-01 $690,000 1 $1,100 $1,116 $1,100 98.6 RES DEM 150 107 716355510 2014-11-03 $280,000 405 SITE $260,000 2014-10-01 $275,000 1.05 $642 $691 $679 98.2 RES VAC 150 107 716403455 2015-02-12 $600,000 929 SITE $500,000 2014-10-01 $550,000 1.1 $538 $646 $592 91.7 RES VAC 150 107 716330849 2014-12-22 $690,000 567 SITE $680,000 2014-10-01 $670,000 0.95 $1,235 $1,195 $1,182 98.9 MUL LIM 150 107 716467349 2015-02-18 $827,500 951 SITE $530,000 2014-10-01 $690,000 1.3 $557 $788 $726 92.1 MUL LIM 150 107 716590644 2015-04-15 $290,000 405 SITE $260,000 2014-10-01 $285,000 1.1 $642 $716 $704 98.3 RES VAC 150 107 716573238 2015-06-16 $890,000 607 SITE $450,000 2014-10-01 $730,000 1.1 $1,087 $1,301 $1,203 92.4 MUL VAC 150 107 716554602 2015-05-08 $668,000 658 SITE $275,000 2014-10-01 $590,000 1.6 $562 $981 $897 91.4 MUL DEM 150 107 716503605 2015-03-22 $505,000 607 SITE $220,000 2014-10-01 $440,000 1.2 $601 $795 $725 91.2 MUL DEM 150 107 716517797 2015-02-16 $550,000 819 SITE $235,000 2014-10-01 $480,000 1.1 $531 $644 $586 91 MUL DEM 150 107 716114378 2014-10-01 $562,500 405 SITE $0 2014-10-01 $560,000 1 $1,383 $1,389 $1,383 99.6 RES VAC 150 108 Page 49 of 62 18-228 File A Page 96 of 109 Market Survey 2015 BRISBANE CITY s.73 irrelevant information 716270744 2014-11-28 $575,000 405 SITE $0 2014-10-01 $570,000 0.999 $1,407 $1,420 $1,407 99.1 RES VAC 150 108 716266423 2014-11-28 $585,000 405 SITE $0 2014-10-01 $570,000 1 $1,407 $1,444 $1,407 97.4 RES VAC 150 108 716226456 2014-11-14 $390,000 456 SITE $325,000 2014-10-01 $360,000 1.1 $713 $855 $789 92.3 RES VAC 150 108 716337608 2015-01-28 $655,000 1035 SITE $500,000 2014-10-01 $600,000 1.2 $483 $633 $580 91.6 RES VAC 150 108 716377264 2015-01-14 $590,000 600 SITE $560,000 2014-10-01 $560,000 1 $933 $983 $933 94.9 RES VAC 150 108 716314576 2015-01-13 $555,000 710 SITE $450,000 2014-10-01 $495,000 1.1 $634 $782 $697 89.2 RES VAC 150 108 716310098 2015-01-07 $570,000 728 SITE $540,000 2014-10-01 $540,000 1 $742 $783 $742 94.7 RES VAC 150 108 716280134 2014-12-24 $610,000 1000 SITE $570,000 2014-10-01 $570,000 1 $570 $610 $570 93.4 RES VAC 150 108 716232169 2014-11-19 $480,000 700 SITE $435,000 2014-10-01 $455,000 1.05 $621 $686 $650 94.8 RES VAC 150 108 716252817 2014-11-11 $472,000 706 SITE $440,000 2014-10-01 $440,000 1 $623 $669 $623 93.2 RES VAC 150 108 716237734 2014-11-11 $450,000 710 SITE $450,000 2014-10-01 $450,000 1 $634 $634 $634 100 RES VAC 150 108 716125394 2014-10-20 $480,000 800 SITE $485,000 2014-10-01 $460,000 0.95 $606 $600 $575 95.8 RES VAC 150 108 716125392 2014-10-20 $530,000 1100 SITE $530,000 2014-10-01 $530,000 1 $482 $482 $482 100 RES VAC 150 108 716183887 2014-10-14 $490,500 538 SITE $430,000 2014-10-01 $430,000 1 $799 $912 $799 87.7 RES VAC 150 108 716149255 2014-10-02 $480,000 503 SITE $445,000 2014-10-01 $445,000 1 $885 $954 $885 92.7 RES VAC 150 108 716229107 2014-09-25 $540,500 494 SITE $500,000 2014-10-01 $500,000 1 $1,012 $1,094 $1,012 92.5 RES VAC 150 108 716096438 2014-09-12 $650,000 1256 SITE $610,000 2014-10-01 $610,000 1 $486 $518 $486 93.8 RES VAC 150 108 716076888 2014-09-12 $495,500 450 SITE $460,000 2014-10-01 $460,000 1 $1,022 $1,101 $1,022 92.8 RES VAC 150 108 716104335 2014-08-27 $510,000 600 SITE $500,000 2014-10-01 $500,000 1 $833 $850 $833 98 RES VAC 150 108 716081899 2014-07-24 $445,000 600 SITE $445,000 2014-10-01 $445,000 20091 $742 $742 $742 100 RES VAC 150 108 716123311 2014-07-10 $455,500 604 SITE $430,000 2014-10-01 $430,000 1 $712 $754 $712 94.4 RES VAC 150 108 716069117 2014-07-07 $455,500 474 SITE $450,000 2014-10-01 $450,000 1 $949 $961 $949 98.8 RES VAC 150 108 716135737 2014-03-17 $470,000 700 SITE $470,000 2014-10-01 $470,000 1 $671 $671 $671 100 RES VAC 150 108 716096570 2014-03-17 $480,000 746 SITE $480,000 DNRME2014-10-01 Act$480,000 1 $643 $643 $643 100 RES VAC 150 108 716103939 2014-03-14 $440,000 700 SITE $435,000 2014-10-01 $435,000 1 $621 $629 $621 98.9 RES VAC 150 108 716339897 2014-11-27 $415,000 405 SITE $380,000on 2014-10-01 $380,000 1 $938 $1,020 $938 92 RES VAC 150 108 716122977 2014-10-02 $1,300,000 800 SITE $1,150,000 2014RTI-10-01 $1,150,000 1 $1,438 $1,500 $1,438 95.8 RES LIM 150 108 716416924 2014-06-17 $430,500 496 SITE $425,000 2014-10-01 $425,000 1 $857 $868 $857 98.7 RES VAC 150 108 716392661 2014-09-22 $356,500 405 SITE $230,000 2014-10-01 $265,000 1.15 $568 $880 $654 74.3 RES DEM 150 108 716441898 2015-03-20 $590,000 600 SITE $570,000 2014-10-01 $570,000 1 $950 $983 $950 96.6 RES VAC 150 108 716398476 2014-10-18 $430,500 574 SITE $430,000Log 2014 -10-01 $430,000 1 $749 $750 $749 99.9 RES VAC 150 108 716513333 2015-04-18 $650,000 435 SITE $390,000 2014-10-01 $430,000 1.1 $897 $1,145 $989 86.3 RES LIM 150 108 716505280 2015-03-13 $515,000 670 SITE $440,000 2014-10-01 $460,000 1.05 $657 $769 $687 89.3 RES VAC 150 108 716525138 2015-04-01 $515,000 625 SITE $420,000 2014-10-01 $460,000 1.1 $672 $824 $736 89.3 RES VAC 150 108 716525141 2015-03-28 $525,000 625 SITE $420,000 2014-10-01 $460,000 1.1 $672 $840 $736 87.6 RES VAC 150 108 716508809 2015-03-24 $418,500 Published405 SITE $380,000 2014-10-01 $380,000 1 $938 $1,033 $938 90.8 RES VAC 150 108 716467274 2015-03-10 $493,000 646 SITE $390,000 2014-10-01 $450,000 1.15 $604 $763 $697 91.3 RES VAC 150 108 716406905 2015-02-26 $500,000 403 SITE $320,000 2014-10-01 $450,000 1.4 $794 $1,241 $1,117 90 RES DEM 150 108 716372836 2015-02-09 $850,000 1568 SITE $510,000 2014-10-01 $0 0 $325 $542 $0 0 ENG VAC 150 108 716418013 2015-02-17 $335,000 405 SITE $265,000 2014-10-01 $305,000 1.15 $654 $827 $753 91 RES VAC 150 108 716267282 2014-10-08 $972,000 Disclosure838 SITE $675,000 2014-10-01 $880,000 1.3 $805 $1,093 $1,050 96.1 RES DEM 150 108 716262115 2014-11-03 $972,000 838 SITE $675,000 2014-10-01 $880,000 1.3 $805 $1,093 $1,050 96.1 RES DEM 150 108 716498486 2015-03-14 $680,000 463 SITE $475,000 2014-10-01 $520,000 1.1 $1,026 $1,204 $1,123 93.3 RES LIM 150 108 716360436 2014-12-12 $600,000 531 SITE $410,000 2014-10-01 $450,000 1.1 $772 $899 $847 94.3 RES LIM 150 108 716297626 2014-11-29 $850,000 713 SITE $620,000 2014-10-01 $620,000 1 $870 $908 $870 95.8 RES IMP 150 108 716246815 2014-11-06 $590,000 443 SITE $425,000 2014-10-01 $425,000 1 $959 $1,056 $959 90.9 RES LIM 150 108 716376062 2015-02-16 $620,000 405 SITE $460,000 2014-10-01 $550,000 1.2 $1,136 $1,531 $1,358 88.7 RES VAC 150 109 716265969 2014-09-29 $595,000 409 SITE $425,000 2014-10-01 $550,000 1.3 $1,039 $1,455 $1,345 92.4 RES VAC 150 109 716412216 2014-12-04 $295,000 600 SITE $260,000 2014-10-01 $285,000 1.1 $433 $492 $475 96.6 RES VAC 150 109 715998412 2014-07-21 $985,000 809 SITE $620,000 2014-10-01 $900,000 1.45 $766 $1,189 $1,112 93.6 RES DEM 150 109 716554009 2015-01-05 $312,000 270 SITE $330,000 2014-10-01 $295,000 0.9 $1,222 $1,156 $1,093 94.6 RES VAC 150 109 Page 50 of 62 18-228 File A Page 97 of 109 Market Survey 2015 BRISBANE CITY s.73 irrelevant information 716440212 2015-02-27 $678,000 278 SITE $420,000 2014-10-01 $460,000 1.1 $1,511 $1,803 $1,655 91.8 RES LIM 150 109 716437656 2015-03-14 $665,000 405 SITE $405,000 2014-10-01 $445,000 1.1 $1,000 $1,203 $1,099 91.3 RES IMP 150 109 715576083 2013-11-23 $570,000 809 SITE $480,000 2014-10-01 $480,000 1 $593 $635 $593 93.4 RES DEM 150 109 716471320 2015-04-04 $750,000 1391 SITE $690,000 2014-10-01 $680,000 0.9 $546 $521 $489 93.8 RES DEM 150 109 716180879 2014-10-07 $770,000 852 SITE $440,000 2014-10-01 $720,000 1.5 $563 $874 $845 96.6 RES DEM 150 109 716127713 2014-09-30 $600,000 607 SITE $510,000 2014-10-01 $560,000 1.1 $840 $947 $923 97.4 RES DEM 150 109 716062530 2014-08-28 $567,500 405 SITE $504,000 2014-10-01 $530,000 1 $1,309 $1,392 $1,309 94 RES VAC 150 110 716189209 2014-10-28 $647,000 405 SITE $340,000 2014-10-01 $445,000 1.15 $951 $1,135 $1,099 96.8 RES VAC 150 110 716212184 2014-11-13 $635,000 740 SITE $365,000 2014-10-01 $550,000 1.5 $493 $823 $743 90.3 RES DEM 150 110 715790287 2014-04-13 $575,000 759 SITE $530,000 2014-10-01 $530,000 1 $698 $723 $698 96.5 RES DEM 150 110 716169440 2014-09-11 $750,000 809 SITE $465,000 2014-10-01 $680,000 1.2 $705 $890 $841 94.4 RES DEM 150 110 716226126 2014-09-25 $227,000 412 SITE $210,000 2014-10-01 $210,000 1 $510 $551 $510 92.5 RES VAC 150 110 716142266 2014-10-11 $557,000 405 SITE $415,000 2014-10-01 $415,000 1 $1,025 $1,128 $1,025 90.8 RES LIM 150 110 716171750 2014-09-09 $460,000 405 SITE $365,000 2014-10-01 $420,000 1.15 $901 $1,136 $1,037 91.3 RES VAC 150 110 715920348 2014-06-05 $460,000 405 SITE $385,000 2014-10-01 $445,000 1.15 $951 $1,136 $1,099 96.7 RES VAC 150 110 716427561 2015-03-07 $595,000 405 SITE $500,000 2014-10-01 $500,000 1 $1,235 $1,321 $1,235 93.5 RES LIM 150 110 716466197 2015-03-29 $453,000 405 SITE $367,500 2014-10-01 $425,000 1.15 $907 $1,119 $1,049 93.8 RES VAC 150 110 715591003 2013-11-10 $671,000 809 SITE $550,000 2014-10-01 $850,000 1 $1,051 $829 $1,051 126.7 MUL DEM 150 110 715876774 2014-04-16 $1,658,000 1821 SITE $1,080,000 2014-10-01 $1,500,000 1.15 $714 $862 $824 95.6 RES DEM 150 110 715898028 2014-04-29 $1,658,000 1821 SITE $1,080,000 2014-10-01 $1,500,0002009 1.15 $714 $862 $824 95.6 RES DEM 150 110 716155300 2014-10-18 $775,000 809 SITE $500,000 2014-10-01 $750,000 1.5 $618 $930 $927 99.7 RES DEM 150 110 716263762 2014-12-06 $615,000 625 SITE $475,000 2014-10-01 $520,000 1.1 $760 $946 $832 88 RES DEM 150 110 715525645 2013-10-31 $700,000 842 SITE $445,000 2014-10-01 $560,000 1.25 $529 $711 $665 93.5 MUL LIM 150 110 715401539 2013-09-24 $565,800 604 SITE $395,000 DNRME2014-10-01 Act$0 0 $654 $937 $0 0 MUL DEM 150 110 716582734 2015-05-15 $1,500,000 1948 SITE $1,135,000 2014-10-01 $1,300,000 1 $667 $694 $667 96.2 MUL 150 110 716366607 2015-01-27 $1,300,000 1214 SITE $720,000on 2014-10-01 $1,150,000 1.4 $675 $1,000 $947 94.7 MUL DEM 150 110 716370984 2015-01-27 $1,300,000 1214 SITE $720,000 2014RTI-10-01 $1,150,000 1.4 $675 $1,000 $947 94.7 MUL DEM 150 110 716513493 2015-03-21 $300,000 410 SITE $230,000 2014-10-01 $255,000 1.1 $561 $659 $622 94.4 RES VAC 150 110 715767569 2014-03-18 $580,000 607 SITE $360,000 2014-10-01 $530,000 1.1 $791 $914 $873 95.5 MUL DEM 150 110 716091362 2014-09-06 $552,500 843 SITE $435,000 2014-10-01 $500,000 1.15 $516 $632 $593 93.9 RES DEM 150 110 715883247 2014-05-18 $585,000 1337 SITE $405,000Log 2014 -10-01 $530,000 1.1 $363 $429 $396 92.5 RES VAC 150 111 716334210 2015-01-20 $370,000 455 SITE $330,000 2014-10-01 $345,000 1.05 $725 $813 $758 93.2 RES VAC 150 111 716263012 2014-12-02 $487,500 607 SITE $385,000 2014-10-01 $385,000 1 $634 $671 $634 94.5 RES LIM 150 111 716339936 2014-12-22 $392,500 678 SITE $360,000 2014-10-01 $380,000 1.05 $531 $579 $560 96.8 RES VAC 150 111 716113399 2014-09-16 $675,000 5156 SITE $410,000 2014-10-01 $620,000 1.5 $80 $131 $120 91.9 RES VAC 150 111 716375590 2015-01-08 $425,000 Published405 SITE $0 2014-10-01 $370,000 1.2 $765 $963 $914 94.9 RES VAC 150 111 716235713 2014-10-26 $625,000 810 SITE $415,000 2014-10-01 $540,000 1.3 $512 $740 $667 90.2 RES DEM 150 111 716410544 2015-02-21 $335,000 401 SITE $275,000 2014-10-01 $305,000 1.1 $686 $835 $761 91 RES VAC 150 111 715842042 2014-05-01 $525,000 1012 SITE $385,000 2014-10-01 $485,000 1.15 $415 $519 $479 92.4 RES LIM 150 111 716498590 2015-03-13 $375,000 810 SITE $347,500 2014-10-01 $350,000 1 $429 $463 $432 93.3 RES VAC 150 111 716513577 2014-12-09 $350,000 Disclosure831 SITE $340,000 2014-10-01 $340,000 1 $409 $421 $409 97.1 RES VAC 150 111 716523162 2015-03-12 $385,000 1340 SITE $475,000 2014-10-01 $360,000 1 $267 $287 $269 93.5 RES VAC 150 111 716509642 2015-04-15 $1,435,000 1338 SITE $790,000 2014-10-01 $1,100,000 1.4 $590 $902 $822 91.1 MUL DEM 150 111 716509646 2015-04-15 $1,435,000 1338 SITE $790,000 2014-10-01 $1,100,000 1.4 $590 $902 $822 91.1 MUL DEM 150 111 716522390 2015-03-06 $950,000 810 SITE $365,000 2014-10-01 $820,000 2.25 $451 $1,023 $1,012 98.9 MUL DEM 150 111 716504058 2014-07-10 $1,650,000 3958 SITE $950,000 2014-10-01 $1,550,000 1.1 $354 $410 $392 95.5 MUL DEM 150 111 716574359 2015-05-02 $350,000 403 SITE $300,000 2014-10-01 $315,000 1.05 $744 $868 $782 90 RES VAC 150 111 716599845 2015-06-03 $350,000 860 SITE $395,000 2014-10-01 $330,000 1 $384 $407 $384 94.3 RES VAC 150 111 716493853 2015-02-26 $633,000 913 SITE $485,000 2014-10-01 $530,000 1.1 $531 $584 $581 99.4 RES LIM 150 112 716499036 2015-02-27 $500,000 632 SITE $360,000 2014-10-01 $450,000 1.25 $570 $783 $712 90.9 RES VAC 150 112 716564473 2015-05-07 $220,000 460 SITE $260,000 2014-10-01 $0 0 $565 $422 $0 0 RES DEM 150 112 Page 51 of 62 18-228 File A Page 98 of 109 Market Survey 2015 BRISBANE CITY s.73 irrelevant information 716594335 2015-04-21 $585,000 607 SITE $430,000 2014-10-01 $475,000 1.1 $708 $823 $783 95.1 RES LIM 150 112 716527541 2015-04-23 $780,000 1538 SITE $540,000 2014-10-01 $720,000 1 $468 $490 $468 95.6 RES DEM 150 112 715880236 2014-03-28 $650,000 900 SITE $445,000 2014-10-01 $590,000 1.2 $544 $643 $656 101.9 RES LIM 150 113 716225258 2014-10-16 $470,000 405 SITE $395,000 2014-10-01 $435,000 1.1 $975 $1,074 $1,074 100 RES VAC 150 113 716255347 2014-07-26 $442,000 356 SITE $0 2014-10-01 $415,000 1.05 $1,110 $1,242 $1,166 93.9 RES VAC 150 113 716341268 2015-01-09 $353,000 545 SITE $310,000 2014-10-01 $340,000 1.1 $569 $648 $624 96.3 RES VAC 150 113 716040797 2014-07-23 $837,000 810 SITE $560,000 2014-10-01 $730,000 1.3 $691 $1,001 $901 90 RES DEM 150 113 715968379 2014-08-18 $825,100 810 SITE $560,000 2014-10-01 $700,000 1.25 $691 $1,019 $864 84.8 RES DEM 150 113 715984010 2014-07-31 $815,000 951 SITE $600,000 2014-10-01 $750,000 1.25 $631 $857 $789 92 RES DEM 150 113 716410129 2015-01-13 $517,500 495 SITE $485,000 2014-10-01 $485,000 1 $980 $1,045 $980 93.7 RES VAC 150 113 716425557 2014-12-02 $540,000 486 SITE $485,000 2014-10-01 $510,000 1.05 $998 $1,111 $1,049 94.4 RES VAC 150 113 715679660 2014-01-29 $760,000 986 SITE $610,000 2014-10-01 $700,000 1.15 $619 $744 $710 95.4 RES DEM 150 113 716132034 2014-08-21 $535,000 1614 SITE $390,000 2014-10-01 $410,000 1.05 $242 $276 $254 91.9 RES LIM 150 113 716444560 2015-02-27 $505,000 402 SITE $415,000 2014-10-01 $455,000 1.1 $1,032 $1,256 $1,132 90.1 RES VAC 150 113 716379349 2015-02-04 $735,000 810 SITE $580,000 2014-10-01 $640,000 1.1 $716 $864 $790 91.4 RES VAC 150 113 716236823 2014-11-01 $765,000 1062 SITE $630,000 2014-10-01 $720,000 1.15 $593 $702 $678 96.6 RES LIM 150 113 716411358 2015-01-20 $460,000 405 SITE $415,000 2014-10-01 $435,000 1.05 $1,025 $998 $1,074 107.7 RES VAC 150 113 716353250 2015-01-08 $787,250 809 SITE $570,000 2014-10-01 $710,000 1.25 $705 $904 $878 97.1 RES DEM 150 113 716539752 2015-04-11 $699,000 916 SITE $480,000 2014-10-01 $600,000 1 $655 $702 $655 93.3 RES DEM 150 113 716451828 2015-02-26 $600,000 701 SITE $560,000 2014-10-01 $640,000 20091 $913 $776 $913 117.6 RES DEM 150 113 716461428 2015-02-24 $2,520,000 1852 SITE $1,110,000 2014-10-01 $2,200,000 2 $599 $1,317 $1,188 90.2 MUL DEM 150 113 716461424 2015-02-24 $2,520,000 1852 SITE $1,110,000 2014-10-01 $2,200,000 2 $599 $1,317 $1,188 90.2 MUL DEM 150 113 716461426 2015-02-24 $2,520,000 1852 SITE $1,110,000 2014-10-01 $2,200,000 2 $599 $1,317 $1,188 90.2 MUL DEM 150 113 716439140 2015-03-03 $830,000 607 SITE $385,000 DNRME2014-10-01 Act$720,000 1.7 $700 $1,310 $1,186 90.6 MUL DEM 150 113 716259565 2014-11-12 $387,000 642 SITE $295,000 2014-10-01 $355,000 1.2 $460 $603 $553 91.7 RES VAC 150 114 716382694 2014-12-19 $433,000 404 SITE $310,000on 2014-10-01 $370,000 1.2 $767 $1,072 $916 85.5 RES VAC 150 114 716160247 2014-09-26 $551,000 809 SITE $445,000 2014RTI-10-01 $530,000 1.2 $550 $685 $655 95.6 RES DEM 150 114 716463402 2015-02-16 $560,000 412 SITE $0 2014-10-01 $530,000 1 $1,286 $1,359 $1,286 94.6 RES VAC 150 114 716386870 2014-11-07 $540,000 443 SITE $465,000 2014-10-01 $490,000 1.05 $1,050 $1,219 $1,106 90.7 RES VAC 150 114 716462850 2015-02-05 $585,000 607 SITE $370,000 2014-10-01 $560,000 1 $923 $926 $923 99.6 MUL DEM 150 114 716261378 2014-10-27 $460,000 604 SITE $430,000Log 2014 -10-01 $430,000 1 $712 $768 $712 92.7 RES DEM 150 115 716503655 2015-03-24 $327,500 600 SITE $340,000 2014-10-01 $325,000 0.95 $567 $546 $542 99.2 RES VAC 150 115 716152056 2014-10-20 $447,000 2097 SITE $395,000 2014-10-01 $395,000 1 $188 $194 $188 97.1 RHS LIM 150 115 716543620 2015-05-05 $372,000 9429 SITE $350,000 2014-10-01 $350,000 1 $37 $39 $37 94.1 RES VAC 150 115 716585566 2015-05-11 $289,500 340 SITE $260,000 2014-10-01 $275,000 1.05 $765 $851 $809 95 RES VAC 150 115 716531189 2015-03-30 $354,500 Published1467 SITE $330,000 2014-10-01 $330,000 1 $225 $242 $225 93.1 RES VAC 150 115 716539676 2015-02-27 $330,000 1038 SITE $315,000 2014-10-01 $315,000 1 $303 $318 $303 95.5 RES VAC 150 115 716548487 2015-02-27 $338,000 699 SITE $315,000 2014-10-01 $315,000 1 $451 $484 $451 93.2 RES VAC 150 115 716290975 2014-06-25 $1,659,776 1773 SITE $470,000 2014-10-01 $1,450,000 1.2 $677 $936 $818 87.4 MUL VAC 150 116 716110709 2014-09-15 $615,000 630 SITE $425,000 2014-10-01 $510,000 1.2 $675 $960 $810 84.3 RES DEM 150 116 716467712 2015-03-18 $677,500 Disclosure804 SITE $465,000 2014-10-01 $660,000 1 $821 $843 $821 97.4 MUL DEM 150 116 716515460 2015-03-18 $825,000 900 SITE $670,000 2014-10-01 $770,000 1.05 $811 $917 $856 93.3 MUL DEM 150 116 716333279 2015-02-11 $450,000 660 SITE $340,000 2014-10-01 $410,000 1.2 $515 $690 $621 90 RES DEM 150 117 716511554 2015-03-09 $1,280,000 817 SITE $420,000 2014-10-01 $1,050,000 1.3 $991 $1,512 $1,285 85 MUL DEM 150 117 716568350 2015-05-26 $660,000 589 SITE $335,000 2014-10-01 $580,000 1.15 $849 $1,082 $985 91 MUL DEM 150 117 716494776 2015-01-07 $435,500 405 SITE $285,000 2014-10-01 $400,000 1 $988 $1,019 $988 96.9 MUL DEM 150 117 716385797 2015-03-07 $310,000 300 SITE $310,000 2014-10-01 $340,000 1.1 $1,033 $1,033 $1,133 109.7 RES VAC 150 118 716400334 2015-01-23 $751,000 810 SITE $650,000 2014-10-01 $670,000 1.1 $753 $938 $827 88.2 RES DEM 150 118 716496134 2015-02-04 $450,000 405 SITE $350,000 2014-10-01 $385,000 1.1 $864 $1,111 $951 85.6 RES VAC 150 118 716505535 2014-09-25 $430,000 412 SITE $285,000 2014-10-01 $390,000 1.2 $789 $1,044 $947 90.7 RES VAC 150 118 716557654 2015-05-15 $466,000 400 SITE $310,000 2014-10-01 $405,000 1.3 $775 $1,165 $1,013 86.9 RES VAC 150 118 Page 52 of 62 18-228 File A Page 99 of 109 Market Survey 2015 BRISBANE CITY s.73 irrelevant information 716353436 2014-12-04 $420,000 525 SITE $320,000 2014-10-01 $385,000 1.2 $610 $800 $733 91.7 RES VAC 150 130 716523856 2015-02-25 $285,150 1863 SITE $280,000 2014-10-01 $280,000 1 $150 $153 $150 98.5 RES VAC 150 130 716516598 2015-04-09 $297,500 800 SITE $270,000 2014-10-01 $270,000 1 $338 $371 $338 91.1 RES VAC 150 130 716497895 2015-03-27 $630,000 993 SITE $670,000 2014-10-01 $600,000 1 $604 $633 $604 95.4 RES VAC 150 130 716468320 2015-03-17 $650,000 992 SITE $690,000 2014-10-01 $600,000 1 $605 $654 $605 92.4 RES VAC 150 130 716524273 2015-04-10 $268,000 454 SITE $214,500 2014-10-01 $235,000 1.1 $472 $590 $518 87.7 RES VAC 150 130 716506926 2015-03-27 $289,000 502 SITE $242,000 2014-10-01 $265,000 1.1 $482 $576 $528 91.7 RES VAC 150 130 716373830 2015-02-24 $299,000 477 SITE $225,000 2014-10-01 $270,000 1.2 $472 $627 $566 90.3 RES VAC 150 131 716408021 2015-02-23 $425,000 762 SITE $350,000 2014-10-01 $385,000 1.1 $459 $558 $505 90.6 RES VAC 150 131 716128739 2014-09-24 $595,000 601 SITE $570,000 2014-10-01 $570,000 1 $948 $990 $948 95.8 RES VAC 150 140 716538679 2015-03-24 $336,000 388 SITE $300,000 2014-10-01 $315,000 1.05 $773 $866 $812 93.8 RES VAC 150 140 716333782 2014-12-01 $800,000 407 SITE $0 2014-10-01 $700,000 1 $1,720 $1,963 $1,720 87.6 RES VAC 150 150 716476687 2015-02-25 $400,000 647 SITE $215,000 2014-10-01 $280,000 1 $433 $504 $433 85.9 MUL DEM 150 150 716275874 2014-12-13 $330,000 500 SITE $310,000 2014-10-01 $310,000 1 $620 $664 $620 93.4 RES VAC 150 151 716239619 2014-12-15 $410,000 920 SITE $415,000 2014-10-01 $415,000 1 $450 $463 $451 97.5 RES DEM 150 151 716441236 2014-05-05 $1,400,000 1485 SITE $680,000 2014-10-01 $950,000 1 $640 $909 $640 70.4 MUL DEM 150 151 715945807 2014-05-28 $1,400,000 1485 SITE $680,000 2014-10-01 $950,000 1 $640 $909 $640 70.4 MUL DEM 150 151 716529307 2015-04-09 $765,000 810 SITE $450,000 2014-10-01 $630,000 1 $772 $914 $778 85.1 RES DEM 150 151 716280868 2014-11-18 $165,000 449 SITE $172,500 2014-10-01 $160,000 1 $356 $366 $356 97.3 RES VAC 150 152 716336877 2014-11-24 $283,000 601 SITE $225,000 2014-10-01 $225,000 20091 $374 $468 $374 79.9 RES VAC 150 152 716526202 2015-03-20 $270,000 600 SITE $200,000 2014-10-01 $200,000 1 $333 $448 $333 74.5 RES VAC 150 152 716598153 2015-05-07 $390,000 801 SITE $360,000 2014-10-01 $360,000 1 $449 $483 $449 93 RES VAC 150 153 715988522 2014-07-29 $550,000 405 SITE $480,000 2014-10-01 $480,000 1 $1,185 $1,383 $1,185 85.7 RES DEM 150 153 716131902 2014-09-01 $240,000 700 SITE $149,000 DNRME2014-10-01 Act$149,000 1 $213 $258 $213 82.4 RES LIM 150 154 716159328 2014-10-30 $370,000 405 SITE $290,000 2014-10-01 $320,000 1.1 $716 $912 $790 86.6 RES VAC 150 155 716391739 2015-02-17 $335,000 405 SITE $0 on 2014-10-01 $320,000 1.1 $716 $825 $790 95.8 RES VAC 150 155 716413395 2014-12-19 $317,000 405 SITE $0 2014RTI-10-01 $290,000 1.1 $654 $780 $716 91.8 RES VAC 150 155 716427817 2015-03-11 $335,000 405 SITE $290,000 2014-10-01 $320,000 1.1 $716 $827 $790 95.5 RES VAC 150 155 716433199 2015-03-14 $323,000 405 SITE $265,000 2014-10-01 $290,000 1.1 $654 $793 $716 90.3 RES VAC 150 155 716456589 2015-03-05 $317,500 405 SITE $0 2014-10-01 $290,000 1.1 $654 $784 $716 91.3 RES VAC 150 155 716520114 2014-12-29 $320,000 405 SITE $0 Log2014 -10-01 $320,000 1.1 $716 $788 $790 100.3 RES VAC 150 155 716560080 2015-04-21 $369,000 405 SITE $290,000 2014-10-01 $320,000 1.1 $716 $910 $790 86.8 RES VAC 150 155 716508205 2015-02-09 $322,500 405 SITE $265,000 2014-10-01 $290,000 1.1 $654 $788 $716 90.8 RES VAC 150 155 716514009 2015-04-15 $525,000 809 SITE $415,000 2014-10-01 $485,000 1.1 $544 $619 $600 96.9 RES DEM 150 155 716212144 2014-11-17 $335,000 600 SITE $295,000 2014-10-01 $310,000 1 $517 $558 $517 92.7 RES VAC 150 157 716090013 2014-07-31 $750,000 Published1317 SITE $500,000 2014-10-01 $530,000 1 $402 $569 $402 70.7 RES VAC 150 157 716138634 2014-10-02 $260,000 400 SITE $180,000 2014-10-01 $197,500 1 $494 $645 $494 76.6 RES VAC 150 158 716217917 2014-10-31 $272,000 647 SITE $187,500 2014-10-01 $237,500 1.1 $332 $423 $367 86.7 RES VAC 150 158 716217631 2014-09-19 $265,000 606 SITE $215,000 2014-10-01 $237,500 1.1 $355 $436 $392 89.8 RES VAC 150 158 716282776 2014-11-24 $335,000 602 SITE $295,000 2014-10-01 $295,000 1 $490 $556 $490 88.1 RES VAC 150 158 716307733 2014-12-15 $277,000 Disclosure605 SITE $215,000 2014-10-01 $237,500 1.1 $355 $458 $393 85.7 RES VAC 150 158 716309877 2014-12-12 $255,000 400 SITE $212,500 2014-10-01 $235,000 1.1 $531 $636 $588 92.3 RES VAC 150 158 716293421 2014-12-12 $255,000 400 SITE $212,500 2014-10-01 $235,000 1.1 $531 $636 $588 92.3 RES VAC 150 158 716397027 2015-02-02 $263,000 600 SITE $215,000 2014-10-01 $237,500 1.1 $358 $438 $396 90.5 RES VAC 150 158 716443638 2014-12-22 $295,000 640 SITE $265,000 2014-10-01 $265,000 1 $414 $459 $414 90.1 RES VAC 150 158 716479067 2015-03-18 $259,000 400 SITE $197,500 2014-10-01 $197,500 1 $494 $646 $494 76.4 RES VAC 150 158 716572349 2015-05-06 $335,000 602 SITE $295,000 2014-10-01 $295,000 1 $490 $555 $490 88.3 RES VAC 150 158 716512177 2014-08-18 $930,000 1214 SITE $420,000 2014-10-01 $820,000 1.6 $424 $745 $675 90.6 MUL DEM 150 158 716264805 2014-10-11 $725,000 810 SITE $395,000 2014-10-01 $670,000 1.3 $636 $864 $827 95.7 MUL DEM 150 158 716383890 2015-02-14 $805,000 862 SITE $395,000 2014-10-01 $720,000 1.4 $597 $905 $835 92.3 MUL DEM 150 158 716424336 2015-02-28 $580,000 536 SITE $480,000 2014-10-01 $530,000 1.1 $896 $1,082 $989 91.4 RES VAC 150 159 Page 53 of 62 18-228 File A Page 100 of 109 Market Survey 2015 BRISBANE CITY s.73 irrelevant information 716366690 2015-02-04 $439,000 644 SITE $380,000 2014-10-01 $420,000 1.1 $590 $674 $652 96.8 RES VAC 150 159 716460836 2015-03-30 $385,000 892 SITE $320,000 2014-10-01 $320,000 1 $359 $430 $359 83.3 RES VAC 150 160 716171218 2014-11-11 $298,000 533 SITE $240,000 2014-10-01 $265,000 1 $497 $559 $497 88.9 RES VAC 150 161 716192318 2014-10-13 $279,000 500 SITE $240,000 2014-10-01 $265,000 1 $530 $558 $530 95 RES VAC 150 161 716231162 2014-11-12 $298,000 500 SITE $240,000 2014-10-01 $265,000 1 $530 $597 $530 88.8 RES VAC 150 161 716242114 2014-11-19 $287,000 500 SITE $240,000 2014-10-01 $265,000 1 $530 $574 $530 92.3 RES VAC 150 161 716263532 2014-11-21 $262,000 400 SITE $265,000 2014-10-01 $250,000 0.95 $663 $655 $625 95.4 RES VAC 150 161 716220014 2014-11-21 $289,000 500 SITE $265,000 2014-10-01 $265,000 1 $530 $578 $530 91.7 RES VAC 150 161 716242798 2014-11-03 $268,000 400 SITE $265,000 2014-10-01 $250,000 0.95 $663 $670 $625 93.3 RES VAC 150 161 716266755 2014-11-17 $264,000 400 SITE $265,000 2014-10-01 $250,000 0.95 $663 $660 $625 94.7 RES VAC 150 161 716266245 2014-12-03 $270,000 400 SITE $265,000 2014-10-01 $250,000 0.95 $663 $675 $625 92.6 RES VAC 150 161 716266249 2014-12-03 $264,000 400 SITE $265,000 2014-10-01 $250,000 0.95 $663 $660 $625 94.7 RES VAC 150 161 716281659 2014-11-24 $268,000 400 SITE $265,000 2014-10-01 $250,000 0.95 $663 $670 $625 93.3 RES VAC 150 161 716279814 2014-12-09 $268,000 400 SITE $265,000 2014-10-01 $250,000 0.95 $663 $670 $625 93.3 RES VAC 150 161 716262868 2014-10-10 $267,000 400 SITE $265,000 2014-10-01 $250,000 0.95 $663 $668 $625 93.6 RES VAC 150 161 716285149 2014-11-28 $260,000 400 SITE $265,000 2014-10-01 $250,000 0.95 $663 $650 $625 96.2 RES VAC 150 161 716293023 2014-11-30 $265,000 400 SITE $265,000 2014-10-01 $250,000 0.95 $663 $663 $625 94.3 RES VAC 150 161 716301136 2014-10-28 $259,000 400 SITE $265,000 2014-10-01 $250,000 0.95 $663 $648 $625 96.5 RES VAC 150 161 716308785 2014-12-19 $279,000 447 SITE $0 2014-10-01 $250,000 0.95 $593 $624 $559 89.6 RES VAC 150 161 716320643 2014-12-10 $268,000 400 SITE $265,000 2014-10-01 $250,000 20090.95 $663 $670 $625 93.3 RES VAC 150 161 716338680 2014-12-19 $263,000 400 SITE $265,000 2014-10-01 $250,000 0.95 $663 $658 $625 95.1 RES VAC 150 161 716326670 2015-01-09 $267,000 403 SITE $265,000 2014-10-01 $250,000 0.95 $658 $663 $620 93.6 RES VAC 150 161 716330716 2015-01-09 $268,000 400 SITE $265,000 2014-10-01 $250,000 0.95 $663 $670 $625 93.3 RES VAC 150 161 716324632 2015-01-12 $292,000 500 SITE $265,000 DNRME2014-10-01 Act$265,000 1 $530 $584 $530 90.8 RES VAC 150 161 716354073 2015-01-07 $268,000 400 SITE $265,000 2014-10-01 $250,000 0.95 $663 $670 $625 93.3 RES VAC 150 161 716349226 2015-01-16 $266,000 400 SITE $265,000on 2014-10-01 $250,000 0.95 $663 $665 $625 94 RES VAC 150 161 716365283 2015-01-19 $269,000 400 SITE $265,000 2014RTI-10-01 $250,000 0.95 $663 $673 $625 92.9 RES VAC 150 161 716354895 2015-01-21 $268,000 400 SITE $265,000 2014-10-01 $250,000 0.95 $663 $670 $625 93.3 RES VAC 150 161 716364176 2015-01-28 $263,000 403 SITE $265,000 2014-10-01 $250,000 0.95 $658 $653 $620 95.1 RES VAC 150 161 716389982 2015-02-02 $232,000 301 SITE $250,000 2014-10-01 $225,000 0.9 $831 $771 $748 97 RES VAC 150 161 716386992 2015-02-04 $269,000 400 SITE $265,000Log 2014 -10-01 $250,000 0.95 $663 $673 $625 92.9 RES VAC 150 161 716373891 2015-02-09 $289,000 500 SITE $265,000 2014-10-01 $250,000 0.95 $530 $578 $500 86.5 RES VAC 150 161 716418258 2015-02-16 $268,000 403 SITE $265,000 2014-10-01 $250,000 0.95 $658 $665 $620 93.3 RES VAC 150 161 716425644 2015-03-10 $552,500 450 SITE $0 2014-10-01 $540,000 1 $1,200 $1,226 $1,200 97.9 RES VAC 150 161 716484884 2015-01-07 $264,000 400 SITE $265,000 2014-10-01 $250,000 0.95 $663 $660 $625 94.7 RES VAC 150 161 716427441 2015-02-02 $235,000 Published303 SITE $250,000 2014-10-01 $225,000 0.9 $825 $776 $743 95.7 RES VAC 150 161 716437968 2015-02-11 $265,000 403 SITE $265,000 2014-10-01 $250,000 0.95 $658 $658 $620 94.3 RES VAC 150 161 716437713 2015-02-16 $285,000 500 SITE $265,000 2014-10-01 $250,000 0.95 $530 $570 $500 87.7 RES VAC 150 161 716480309 2015-02-25 $298,000 506 SITE $265,000 2014-10-01 $250,000 0.95 $524 $589 $494 83.9 RES VAC 150 161 716428215 2015-03-09 $273,000 400 SITE $265,000 2014-10-01 $250,000 0.95 $663 $683 $625 91.6 RES VAC 150 161 716453933 2015-03-20 $275,000 Disclosure400 SITE $265,000 2014-10-01 $250,000 0.95 $663 $688 $625 90.9 RES VAC 150 161 716474168 2015-03-20 $230,000 305 SITE $250,000 2014-10-01 $225,000 0.9 $820 $754 $738 97.8 RES VAC 150 161 716494433 2015-03-30 $268,000 403 SITE $265,000 2014-10-01 $250,000 0.95 $658 $665 $620 93.3 RES VAC 150 161 716490973 2015-04-07 $293,000 500 SITE $265,000 2014-10-01 $250,000 0.95 $530 $586 $500 85.3 RES VAC 150 161 716503849 2015-04-07 $269,000 403 SITE $265,000 2014-10-01 $250,000 0.95 $658 $667 $620 92.9 RES VAC 150 161 716479259 2015-04-13 $269,000 403 SITE $265,000 2014-10-01 $250,000 0.95 $658 $667 $620 92.9 RES VAC 150 161 716497885 2015-04-15 $268,000 400 SITE $265,000 2014-10-01 $250,000 0.95 $663 $670 $625 93.3 RES VAC 150 161 716531040 2015-04-17 $273,000 400 SITE $265,000 2014-10-01 $250,000 0.95 $663 $683 $625 91.6 RES VAC 150 161 716552156 2015-04-24 $269,000 400 SITE $265,000 2014-10-01 $250,000 0.95 $663 $673 $625 92.9 RES VAC 150 161 716560939 2015-04-17 $263,000 400 SITE $265,000 2014-10-01 $250,000 0.95 $663 $658 $625 95.1 RES VAC 150 161 716589927 2015-05-04 $263,000 403 SITE $265,000 2014-10-01 $250,000 0.95 $658 $653 $620 95.1 RES VAC 150 161 Page 54 of 62 18-228 File A Page 101 of 109 Market Survey 2015 BRISBANE CITY s.73 irrelevant information 716590763 2015-04-30 $259,000 403 SITE $265,000 2014-10-01 $250,000 0.95 $658 $643 $620 96.5 RES VAC 150 161 716343372 2014-11-28 $260,000 400 SITE $265,000 2014-10-01 $250,000 0.95 $663 $650 $625 96.2 RES VAC 150 161 716517082 2014-10-27 $267,000 400 SITE $265,000 2014-10-01 $250,000 0.95 $663 $668 $625 93.6 RES VAC 150 161 716400257 2015-01-20 $1,150,000 842 SITE $840,000 2014-10-01 $980,000 1 $1,158 $1,334 $1,164 87.3 RES DEM 150 161 716242421 2014-10-14 $240,000 452 SITE $215,000 2014-10-01 $237,500 1.1 $476 $531 $525 99 RES VAC 150 162 716532551 2015-03-13 $275,000 607 SITE $195,000 2014-10-01 $235,000 1.2 $321 $451 $387 85.8 RES VAC 150 162 716534782 2015-03-13 $275,000 607 SITE $195,000 2014-10-01 $235,000 1.2 $321 $451 $387 85.8 RES VAC 150 162 716572249 2015-05-01 $240,000 400 SITE $215,000 2014-10-01 $237,500 1.1 $538 $600 $594 99 RES VAC 150 162 716576198 2015-05-15 $252,000 450 SITE $215,000 2014-10-01 $237,500 1.1 $478 $558 $528 94.6 RES VAC 150 162 716178712 2014-11-04 $350,000 480 SITE $310,000 2014-10-01 $375,000 1.15 $677 $729 $781 107.1 RES VAC 150 163 716321840 2015-01-23 $395,000 570 SITE $315,000 2014-10-01 $360,000 1.15 $553 $688 $632 91.7 RES VAC 150 163 716412688 2015-02-27 $355,000 475 SITE $285,000 2014-10-01 $330,000 1.15 $600 $747 $695 93 RES VAC 150 163 716499850 2015-03-22 $455,000 660 SITE $355,000 2014-10-01 $410,000 1.15 $538 $685 $621 90.7 RES VAC 150 163 716441435 2015-03-25 $430,000 630 SITE $345,000 2014-10-01 $395,000 1.15 $548 $675 $627 92.9 RES VAC 150 163 716574811 2015-03-24 $4,600,000 4116 SITE $1,825,000 2014-10-01 $3,800,000 1.65 $559 $1,078 $923 85.6 MUL DEM 150 164 716574811 2015-03-24 $4,600,000 4116 SITE $1,825,000 2014-10-01 $3,800,000 1.65 $559 $1,078 $923 85.6 MUL DEM 150 164 716574811 2015-03-24 $4,600,000 4116 SITE $1,825,000 2014-10-01 $3,800,000 1.65 $559 $1,078 $923 85.6 MUL DEM 150 164 716211102 2014-11-10 $275,000 723 SITE $237,500 2014-10-01 $237,500 1 $328 $379 $328 86.7 RES VAC 150 168 716233108 2014-11-24 $242,000 402 SITE $230,000 2014-10-01 $230,000 1 $572 $601 $572 95.2 RES VAC 150 171 716273448 2014-12-16 $242,500 0 SITE $0 2014-10-01 $225,000 20091 $0 $0 $0 92.8 RES VAC 150 171 716265877 2014-11-24 $241,900 555 SITE $0 2014-10-01 $230,000 1 $414 $436 $414 95.1 RES VAC 150 171 716242538 2014-11-11 $245,900 464 SITE $0 2014-10-01 $230,000 1 $496 $530 $496 93.5 RES VAC 150 171 716258807 2014-11-24 $250,000 489 SITE $0 2014-10-01 $235,000 1 $481 $511 $481 94 RES VAC 150 171 716255844 2014-11-21 $248,000 483 SITE $0 DNRME2014-10-01 Act$235,000 1 $487 $513 $487 94.8 RES VAC 150 171 716260370 2014-11-21 $250,000 483 SITE $0 2014-10-01 $235,000 1 $487 $518 $487 94 RES VAC 150 171 716271240 2014-11-19 $239,900 451 SITE $0 on 2014-10-01 $230,000 1 $510 $532 $510 95.9 RES VAC 150 171 716250323 2014-11-11 $251,900 483 SITE $0 2014RTI-10-01 $225,000 1 $466 $522 $466 89.3 RES VAC 150 171 716251735 2014-10-31 $239,900 0 SITE $0 2014-10-01 $230,000 1 $0 $0 $0 95.9 RES VAC 150 171 716251694 2014-09-03 $255,000 556 SITE $0 2014-10-01 $235,000 1 $423 $459 $423 92.2 RES VAC 150 171 716275066 2014-06-16 $251,900 483 SITE $0 2014-10-01 $225,000 1 $466 $522 $466 89.3 RES VAC 150 171 716257221 2014-09-02 $256,900 483 SITE $0 Log2014 -10-01 $235,000 1 $487 $532 $487 91.5 RES VAC 150 171 716292451 2014-12-22 $239,900 450 SITE $0 2014-10-01 $230,000 1 $511 $533 $511 95.9 RES VAC 150 171 716256272 2014-10-23 $245,000 0 SITE $0 2014-10-01 $225,000 1 $0 $0 $0 91.8 RES VAC 150 171 716296637 2014-12-24 $250,000 522 SITE $0 2014-10-01 $240,000 1 $460 $479 $460 96 RES VAC 150 171 716318998 2015-01-16 $239,000 450 SITE $0 2014-10-01 $230,000 1 $511 $531 $511 96.2 RES VAC 150 171 716355925 2015-01-07 $243,000 Published476 SITE $230,000 2014-10-01 $230,000 1 $483 $511 $483 94.7 RES VAC 150 171 716408103 2015-02-12 $239,900 402 SITE $230,000 2014-10-01 $230,000 1 $572 $597 $572 95.9 RES VAC 150 171 716415828 2015-02-12 $239,900 402 SITE $230,000 2014-10-01 $230,000 1 $572 $597 $572 95.9 RES VAC 150 171 716497160 2015-04-01 $241,900 452 SITE $230,000 2014-10-01 $230,000 1 $509 $535 $509 95.1 RES VAC 150 171 716349751 2014-08-25 $239,000 451 SITE $235,000 2014-10-01 $235,000 1 $521 $530 $521 98.3 RES VAC 150 171 716310216 2014-11-28 $350,000 Disclosure416 SITE $310,000 2014-10-01 $340,000 1.1 $745 $841 $817 97.1 RES VAC 150 174 716265160 2014-12-03 $445,000 835 SITE $350,000 2014-10-01 $385,000 1.1 $419 $547 $461 84.2 RES DEM 150 174 716524214 2015-04-17 $330,000 0 SITE $0 2014-10-01 $295,000 1.4 $0 $0 $0 89.8 RES VAC 150 174 716533966 2015-04-17 $326,000 0 SITE $0 2014-10-01 $295,000 1.4 $0 $0 $0 90.9 RES VAC 150 174 716253031 2014-11-15 $330,000 405 SITE $285,000 2014-10-01 $285,000 1 $704 $812 $704 86.6 RES VAC 150 175 716277936 2014-11-04 $348,000 382 SITE $0 2014-10-01 $275,000 1 $720 $906 $720 79.5 RES VAC 150 175 716422352 2015-02-23 $310,000 405 SITE $285,000 2014-10-01 $285,000 1 $704 $763 $704 92.2 RES VAC 150 175 716479833 2015-02-03 $360,000 478 SITE $285,000 2014-10-01 $285,000 1 $596 $751 $596 79.4 RES VAC 150 175 716469063 2015-02-03 $360,000 478 SITE $285,000 2014-10-01 $285,000 1 $596 $753 $596 79.2 RES VAC 150 175 716499126 2015-03-12 $315,000 405 SITE $0 2014-10-01 $285,000 1 $704 $775 $704 90.8 RES VAC 150 175 716520956 2015-03-28 $360,000 405 SITE $285,000 2014-10-01 $285,000 1 $704 $884 $704 79.6 RES VAC 150 175 Page 55 of 62 18-228 File A Page 102 of 109 Market Survey 2015 BRISBANE CITY s.73 irrelevant information 716190627 2014-08-08 $325,000 400 SITE $250,000 2014-10-01 $0 0 $625 $813 $0 0 RES VAC 150 175 716210169 2014-11-15 $671,000 900 SITE $375,000 2014-10-01 $580,000 1.4 $461 $746 $644 86.4 RES VAC 150 176 716529655 2015-04-28 $660,000 954 SITE $485,000 2014-10-01 $610,000 1.25 $508 $689 $639 92.9 RES VAC 150 176 716530598 2015-04-28 $670,000 1014 SITE $485,000 2014-10-01 $610,000 1.25 $478 $655 $602 91.9 RES VAC 150 176 716530739 2015-04-29 $610,000 758 SITE $470,000 2014-10-01 $590,000 1.25 $620 $802 $778 97 RES VAC 150 176 716543268 2015-05-20 $590,000 825 SITE $475,000 2014-10-01 $590,000 1.25 $576 $713 $715 100.2 RES VAC 150 176 716540695 2015-04-29 $645,000 737 SITE $470,000 2014-10-01 $590,000 1.25 $638 $874 $801 91.6 RES VAC 150 176 716555445 2015-04-28 $555,000 751 SITE $470,000 2014-10-01 $590,000 1.25 $626 $735 $786 106.9 RES VAC 150 176 716565995 2015-04-30 $682,000 720 SITE $470,000 2014-10-01 $590,000 1.25 $653 $947 $819 86.5 RES VAC 150 176 716143820 2014-10-09 $380,000 412 SITE $242,500 2014-10-01 $365,000 1.3 $680 $917 $886 96.6 RES VAC 150 177 716274751 2015-01-09 $253,000 423 SITE $260,000 2014-10-01 $310,000 1.2 $615 $598 $733 122.5 RES VAC 150 177 716314029 2014-11-15 $380,000 412 SITE $280,000 2014-10-01 $335,000 1.2 $680 $922 $813 88.2 RES VAC 150 177 716381297 2015-02-20 $740,000 720 SITE $510,000 2014-10-01 $660,000 1.3 $708 $1,021 $917 89.8 RES VAC 150 177 716385757 2015-02-16 $410,000 412 SITE $280,000 2014-10-01 $365,000 1.3 $680 $995 $886 89 RES VAC 150 177 716483216 2015-03-03 $355,000 601 SITE $290,000 2014-10-01 $350,000 1.2 $483 $591 $582 98.6 RES VAC 150 177 716485939 2015-03-19 $410,000 412 SITE $280,000 2014-10-01 $365,000 1.3 $680 $991 $886 89.4 RES VAC 150 177 716435762 2015-02-27 $355,000 600 SITE $290,000 2014-10-01 $350,000 1.2 $483 $588 $583 99.2 RES VAC 150 177 716158911 2014-11-18 $483,800 661 SITE $300,000 2014-10-01 $440,000 1.05 $635 $732 $666 90.9 RES VAC 150 178 716157086 2014-10-07 $474,000 599 SITE $255,000 2014-10-01 $440,000 1.45 $509 $791 $735 92.8 RES VAC 150 178 716251677 2014-11-10 $700,000 1079 SITE $335,000 2014-10-01 $415,000 20091 $385 $426 $385 90.2 RES IMP 150 178 716321849 2015-01-15 $513,800 700 SITE $460,000 2014-10-01 $485,000 1.05 $657 $732 $693 94.6 RES VAC 150 178 716317001 2015-01-13 $477,000 500 SITE $420,000 2014-10-01 $440,000 1.05 $840 $954 $880 92.2 RES VAC 150 178 715449680 2013-10-16 $551,000 602 SITE $370,000 2014-10-01 $480,000 1.2 $664 $832 $797 95.8 MUL DEM 150 201 716184551 2014-10-14 $655,000 607 SITE $285,000 DNRME2014-10-01 Act$560,000 1.1 $840 $1,005 $923 91.8 MUL DEM 150 201 715849756 2014-02-28 $1,640,000 1206 SITE $1,240,000 2014-10-01 $1,350,000 1.1 $1,028 $1,258 $1,119 89 MUL IMP 150 201 716089720 2014-09-08 $1,440,000 1214 SITE $780,000on 2014-10-01 $1,250,000 1.4 $733 $1,133 $1,030 90.9 MUL DEM 150 201 716094316 2014-09-08 $1,440,000 1214 SITE $780,000 2014RTI-10-01 $1,250,000 1.4 $733 $1,133 $1,030 90.9 MUL DEM 150 201 716378527 2014-12-14 $752,000 673 SITE $495,000 2014-10-01 $690,000 1.4 $736 $1,132 $1,025 90.6 MUL DEM 150 201 716308701 2014-09-02 $2,600,000 2198 SITE $1,165,000 2014-10-01 $2,200,000 1.3 $771 $1,142 $1,001 87.7 MUL DEM 150 201 716308701 2014-09-02 $2,600,000 2198 SITE $1,165,000 2014-10-01 $2,200,000 1.3 $771 $1,142 $1,001 87.7 MUL DEM 150 201 716308701 2014-09-02 $2,600,000 2198 SITE $1,165,000Log 2014 -10-01 $2,200,000 1.3 $771 $1,142 $1,001 87.7 MUL DEM 150 201 716435185 2015-03-05 $3,220,000 1234 SITE $650,000 2014-10-01 $2,600,000 1.1 $1,945 $2,344 $2,107 89.9 MUL DEM 150 201 716186280 2014-11-01 $1,350,000 810 SITE $850,000 2014-10-01 $1,200,000 1.4 $1,074 $1,638 $1,481 90.4 MUL DEM 150 201 716316283 2014-11-26 $675,000 1012 SITE $340,000 2014-10-01 $600,000 1 $593 $632 $593 93.8 MUL DEM 150 202 716294881 2013-12-12 $3,545,000 2576 SITE $2,000,000 2014-10-01 $3,000,000 1.5 $776 $1,330 $1,165 87.6 MUL DEM 150 202 716305460 2014-04-02 $3,545,000 Published2576 SITE $2,000,000 2014-10-01 $3,000,000 1.5 $776 $1,330 $1,165 87.6 MUL DEM 150 202 716215266 2014-12-13 $3,545,000 2576 SITE $2,000,000 2014-10-01 $3,000,000 1.5 $776 $1,330 $1,165 87.6 MUL DEM 150 202 716275413 2014-12-10 $1,800,000 810 SITE $560,000 2014-10-01 $1,400,000 2 $864 $1,965 $1,728 88 MUL DEM 150 202 716227271 2014-07-23 $850,000 708 SITE $640,000 2014-10-01 $750,000 1.15 $918 $1,165 $1,059 90.9 MUL DEM 150 202 715755905 2014-02-25 $705,000 830 SITE $455,000 2014-10-01 $650,000 1.1 $711 $814 $783 96.3 MUL DEM 150 202 715578414 2013-11-19 $482,000 Disclosure594 SITE $395,000 2014-10-01 $435,000 1.1 $665 $811 $732 90.2 MUL DEM 150 202 715665893 2014-01-07 $1,200,000 1350 SITE $720,000 2014-10-01 $1,050,000 1.05 $733 $837 $778 92.9 MUL DEM 150 202 715665890 2014-01-07 $1,200,000 1350 SITE $720,000 2014-10-01 $1,050,000 1.05 $733 $837 $778 92.9 MUL DEM 150 202 716296001 2015-01-15 $1,253,000 1206 SITE $720,000 2014-10-01 $1,150,000 1.35 $697 $998 $954 95.6 MUL DEM 150 202 716295988 2015-01-27 $1,253,000 1206 SITE $720,000 2014-10-01 $1,150,000 1.35 $697 $998 $954 95.6 MUL DEM 150 202 716345022 2015-01-22 $995,000 923 SITE $650,000 2014-10-01 $910,000 1.1 $899 $1,078 $986 91.5 MUL DEM 150 202 715770004 2014-04-12 $485,000 498 SITE $330,000 2014-10-01 $445,000 1.35 $663 $974 $894 91.8 MUL DEM 150 202 715679433 2013-09-18 $1,040,000 1220 SITE $720,000 2014-10-01 $900,000 1 $738 $804 $738 91.8 MUL DEM 150 202 715679440 2013-11-04 $1,040,000 1220 SITE $720,000 2014-10-01 $900,000 1 $738 $804 $738 91.8 MUL DEM 150 202 716125010 2014-09-30 $640,000 627 SITE $360,000 2014-10-01 $550,000 1.1 $797 $973 $877 90.1 MUL DEM 150 202 716472777 2015-01-14 $1,100,000 809 SITE $380,000 2014-10-01 $920,000 1.6 $711 $1,329 $1,137 85.5 MUL DEM 150 202 Page 56 of 62 18-228 File A Page 103 of 109 Market Survey 2015 BRISBANE CITY s.73 irrelevant information 716419446 2014-12-22 $2,000,000 2476 SITE $1,170,000 2014-10-01 $1,700,000 1.8 $384 $774 $687 88.7 MUL DEM 150 202 716419139 2014-12-22 $2,000,000 2476 SITE $1,170,000 2014-10-01 $1,700,000 1.8 $384 $774 $687 88.7 MUL DEM 150 202 716476814 2015-01-20 $2,000,000 2476 SITE $1,170,000 2014-10-01 $1,700,000 1.8 $384 $774 $687 88.7 MUL DEM 150 202 716356754 2015-03-04 $974,257 2140 SITE $1,035,000 2014-10-01 $850,000 1 $397 $391 $397 101.7 MUL DEM 150 202 716356754 2015-03-04 $974,257 2140 SITE $1,035,000 2014-10-01 $850,000 1 $397 $391 $397 101.7 MUL DEM 150 202 716356754 2015-03-04 $974,257 2140 SITE $1,035,000 2014-10-01 $850,000 1 $397 $391 $397 101.7 MUL DEM 150 202 715581700 2014-01-06 $2,585,000 1944 SITE $1,100,000 2014-10-01 $2,300,000 1.3 $926 $1,260 $1,183 93.9 MUL VAC 150 203 715581700 2014-01-06 $2,585,000 1944 SITE $1,100,000 2014-10-01 $2,300,000 1.3 $926 $1,260 $1,183 93.9 MUL VAC 150 203 715581700 2014-01-06 $2,585,000 1944 SITE $1,100,000 2014-10-01 $2,300,000 1.3 $926 $1,260 $1,183 93.9 MUL VAC 150 203 715581700 2014-01-06 $2,585,000 1944 SITE $1,100,000 2014-10-01 $2,300,000 1.3 $926 $1,260 $1,183 93.9 MUL VAC 150 203 715648816 2013-06-12 $4,150,000 1978 SITE $0 2014-10-01 $3,900,000 1.3 $1,517 $1,979 $1,972 99.6 MUL DEM 150 203 716036311 2014-03-24 $4,150,000 1978 SITE $0 2014-10-01 $3,900,000 1.3 $1,517 $1,979 $1,972 99.6 MUL DEM 150 203 715890823 2014-07-14 $4,150,000 1978 SITE $0 2014-10-01 $3,900,000 1.3 $1,517 $1,979 $1,972 99.6 MUL DEM 150 203 716329573 2015-01-19 $1,330,000 810 SITE $750,000 2014-10-01 $1,100,000 1.75 $772 $1,515 $1,358 89.6 MUL DEM 150 203 716329572 2015-01-19 $1,330,000 810 SITE $750,000 2014-10-01 $1,100,000 1.75 $772 $1,515 $1,358 89.6 MUL DEM 150 203 715972435 2014-01-18 $925,000 911 SITE $370,000 2014-10-01 $870,000 1.3 $735 $988 $955 96.7 MUL DEM 150 203 715650116 2014-01-20 $1,525,000 1613 SITE $875,000 2014-10-01 $1,400,000 1.25 $682 $909 $868 95.5 MUL DEM 150 203 715677244 2013-12-02 $1,250,000 1184 SITE $655,000 2014-10-01 $1,200,000 1.35 $760 $1,014 $1,014 100 MUL DEM 150 203 715672003 2013-12-02 $1,250,000 1184 SITE $655,000 2014-10-01 $1,200,000 1.35 $760 $1,014 $1,014 100 MUL DEM 150 203 716014633 2014-08-01 $1,500,000 1184 SITE $670,000 2014-10-01 $1,350,0002009 1.5 $760 $1,225 $1,140 93.1 MUL DEM 150 203

716014628 2014-08-01 $1,500,000 1184 SITE $670,000 2014-10-01 $1,350,000 1.5 $760 $1,225 $1,140 93.1 MUL DEM 150 203

716131865 2014-05-13 $2,090,000 1942 SITE $0 DNRME2014-10-01 Act$1,900,000 1.5 $644 $1,013 $978 96.6 MUL DEM 150 203 716131814 2014-07-10 $810,000 911 SITE $485,000 2014-10-01 $740,000 1.1 $735 $862 $812 94.3 MUL DEM 150 203 716478542 2015-02-25 $700,000 400 SITE $580,000on 2014-10-01 $640,000 1.1 $1,450 $1,746 $1,600 91.6 RES VAC 150 203 715992519 2014-07-15 $1,694,000 1922 SITE $995,000 2014RTI-10-01 $1,500,000 1.45 $546 $839 $780 93 MUL DEM 150 203 716064947 2014-08-01 $1,694,000 1922 SITE $995,000 2014-10-01 $1,500,000 1.45 $546 $839 $780 93 MUL DEM 150 203 716088093 2014-08-04 $1,694,000 1922 SITE $995,000 2014-10-01 $1,500,000 1.45 $546 $839 $780 93 MUL DEM 150 203 716032394 2014-05-01 $1,310,000 1341 SITE $1,130,000 2014-10-01 $1,200,000 1.1 $820 $932 $895 96 MUL DEM 150 203 716032394 2014-05-01 $1,310,000 1341 SITE $1,130,000Log 2014 -10-01 $1,200,000 1.1 $820 $932 $895 96 MUL DEM 150 203 716135828 2014-05-15 $1,020,100 1520 SITE $620,000 2014-10-01 $890,000 1.5 $388 $638 $586 91.7 MUL DEM 150 203 715869674 2014-05-16 $1,020,100 1520 SITE $620,000 2014-10-01 $890,000 1.5 $388 $638 $586 91.7 MUL DEM 150 203 716171454 2014-09-30 $640,000 845 SITE $295,000 2014-10-01 $550,000 1 $651 $728 $651 89.4 MUL DEM 150 203 716047837 2013-11-29 $1,320,000 1214 SITE $665,000 2014-10-01 $1,200,000 1.1 $906 $1,071 $988 92.3 MUL DEM 150 204 716047839 2013-11-29 $1,320,000 Published1214 SITE $665,000 2014-10-01 $1,200,000 1.1 $906 $1,071 $988 92.3 MUL DEM 150 204 715736562 2014-03-27 $1,200,000 1245 SITE $0 2014-10-01 $1,050,000 1.1 $779 $875 $843 96.4 MUL DEM 150 204 716272422 2014-10-23 $1,200,000 1245 SITE $0 2014-10-01 $1,050,000 1.1 $779 $875 $843 96.4 MUL DEM 150 204 716327731 2014-11-13 $1,250,000 1229 SITE $850,000 2014-10-01 $1,050,000 1.25 $692 $968 $854 88.2 MUL DEM 150 204 716327734 2014-11-13 $1,250,000 1229 SITE $850,000 2014-10-01 $1,050,000 1.25 $692 $968 $854 88.2 MUL DEM 150 204 715862339 2014-05-28 $825,000 Disclosure782 SITE $335,000 2014-10-01 $770,000 2.3 $428 $1,055 $985 93.3 MUL DEM 150 204 716343614 2014-11-21 $1,009,000 911 SITE $610,000 2014-10-01 $920,000 1 $1,010 $1,108 $1,010 91.2 MUL DEM 150 204 716043587 2014-08-25 $600,000 615 SITE $345,000 2014-10-01 $540,000 1.25 $699 $927 $878 94.7 MUL DEM 150 204 716483795 2015-04-02 $510,000 683 SITE $325,000 2014-10-01 $450,000 0.9 $732 $713 $659 92.3 MUL DEM 150 204 716533993 2015-05-25 $767,500 607 SITE $415,000 2014-10-01 $660,000 1.55 $700 $1,215 $1,087 89.5 MUL DEM 150 204 716541103 2015-01-08 $600,000 607 SITE $395,000 2014-10-01 $530,000 1.1 $799 $931 $873 93.8 MUL DEM 150 204 715180184 2013-05-08 $516,700 822 SITE $222,500 2014-10-01 $500,000 1.2 $505 $629 $608 96.8 MUL DEM 150 206 715265959 2013-07-22 $988,000 1214 SITE $0 2014-10-01 $950,000 1.2 $651 $814 $783 96.2 MUL DEM 150 206 715265962 2013-07-22 $988,000 1214 SITE $0 2014-10-01 $950,000 1.2 $651 $814 $783 96.2 MUL DEM 150 206 715632777 2014-02-05 $690,000 620 SITE $320,000 2014-10-01 $570,000 1.25 $740 $1,004 $919 91.6 MUL DEM 150 206 715706159 2013-10-01 $565,000 637 SITE $320,000 2014-10-01 $520,000 1.1 $746 $817 $816 99.9 MUL DEM 150 206

Page 57 of 62 18-228 File A Page 104 of 109 Market Survey 2015 BRISBANE CITY s.73 irrelevant information 716265923 2014-12-05 $550,000 810 SITE $245,000 2014-10-01 $490,000 1.1 $549 $679 $605 89.1 MUL 150 206 716250496 2014-12-12 $626,000 673 SITE $430,000 2014-10-01 $490,000 1 $728 $896 $728 81.3 MUL DEM 150 206 716318136 2015-01-12 $490,000 769 SITE $270,000 2014-10-01 $450,000 1 $585 $610 $585 95.9 MUL DEM 150 206 716327233 2014-12-15 $500,000 607 SITE $255,000 2014-10-01 $400,000 1.1 $601 $766 $659 86 MUL DEM 150 206 715975743 2014-06-05 $565,000 637 SITE $335,000 2014-10-01 $510,000 1.1 $730 $848 $801 94.4 MUL DEM 150 206 716210977 2014-10-26 $2,474,850 2694 SITE $1,340,000 2014-10-01 $2,200,000 1.4 $594 $882 $817 92.6 MUL DEM 150 206 716205726 2014-10-26 $2,474,850 2694 SITE $1,340,000 2014-10-01 $2,200,000 1.4 $594 $882 $817 92.6 MUL DEM 150 206

716242253 2014-10-26 $2,474,850 2694 SITE $1,340,000 2014-10-01 $2,200,000 1.4 $594 $882 $817 92.6 MUL DEM 150 206

716237559 2014-10-26 $2,474,850 2694 SITE $1,340,000 2014-10-01 $2,200,000 1.4 $594 $882 $817 92.6 MUL DEM 150 206

716292023 2014-11-27 $890,000 810 SITE $410,000 2014-10-01 $860,000 2.1 $506 $1,099 $1,062 96.6 MUL DEM 150 206 716283706 2015-01-22 $2,250,000 1214 SITE $575,000 2014-10-01 $1,900,000 1.5 $1,030 $1,811 $1,565 86.4 MUL DEM 150 207 716283703 2015-01-22 $2,250,000 1214 SITE $575,000 2014-10-01 $1,900,000 1.5 $1,030 $1,811 $1,565 86.4 MUL DEM 150 207 716275604 2014-11-27 $712,000 683 SITE $430,000 2014-10-01 $670,000 1.55 $630 $1,057 $981 92.8 MUL DEM 150 209 716344711 2014-10-17 $1,100,000 2202 SITE $440,000 2014-10-01 $940,000 1.2 $354 $488 $427 87.4 MUL DEM 150 211 716381723 2014-12-06 $2,210,000 2904 SITE $1,270,000 2014-10-01 $2,000,000 1.65 $413 $745 $689 92.5 MUL DEM 150 211 716381723 2014-12-06 $2,210,000 2904 SITE $1,270,000 2014-10-01 $2,000,000 1.65 $413 $745 $689 92.5 MUL DEM 150 211 716363317 2015-03-05 $4,180,000 2370 SITE $1,465,000 2014-10-01 $3,500,0002009 1 $1,477 $1,707 $1,477 86.5 MUL DEM 150 212 716394830 2015-03-10 $4,180,000 2370 SITE $1,465,000 2014-10-01 $3,500,000 1 $1,477 $1,707 $1,477 86.5 MUL DEM 150 212 716363126 2015-02-27 $1,050,000 4264 SITE $415,000 2014-10-01 $950,000 1 $223 $235 $223 95 MUL DEM 150 240 716196280 2014-10-14 $510,000 4582 SITE $550,000 2014-10-01 $510,000 1 $111 $111 $111 100 RHS VAC 151 104 716366492 2015-01-17 $242,250 4000 SITE $207,500 DNRME2014-10-01 Act$227,500 1.1 $52 $61 $57 93.9 RHS VAC 151 106 716353671 2015-02-13 $281,250 4000 SITE $232,500 2014-10-01 $255,000 1.1 $58 $70 $64 90.7 RHS VAC 151 106 715984610 2014-08-15 $1,000,000 20198 SITE $880,000 2014-10-01 $880,000 1 $44 $45 $44 97.1 RES IMP 151 130 715878423 2014-05-21 $1,980,000 9467 SITE $540,000on 2014-10-01 $1,950,000 1.3 $158 $209 $206 98.5 COM VAC 151 130 716274351 2014-11-15 $1,600,000 10030 SITE $1,450,000 2014RTI-10-01 $1,450,000 1 $145 $160 $145 90.6 RHS VAC 151 130 716265916 2014-12-11 $1,550,000 4047 SITE $960,000 2014-10-01 $1,050,000 1.1 $237 $288 $259 90.1 RHS IMP 151 130 716277596 2014-12-18 $1,720,000 4047 SITE $840,000 2014-10-01 $1,500,000 1.1 $334 $419 $371 88.5 ENG DEM 151 130 716293176 2014-12-19 $420,000 5864 SITE $320,000Log 2014 -10-01 $320,000 1 $55 $71 $55 76.6 RHS VAC 151 130 716167145 2014-08-22 $1,000,000 4047 SITE $500,000 2014-10-01 $880,000 1.1 $198 $247 $217 88 RES DEM 151 130 716318023 2014-12-03 $567,500 40010 SITE $395,000 2014-10-01 $510,000 1.3 $10 $13 $13 95.4 RHS VAC 151 130 716381118 2015-02-22 $500,000 Published46070 SITE $380,000 2014-10-01 $475,000 1.25 $8 $11 $10 95 RHS VAC 151 130 716429978 2015-03-11 $2,500,000 14440 SITE $860,000 2014-10-01 $2,100,000 1.1 $132 $150 $145 97 COM DEM 151 130 716437482 2015-03-10 $290,000 10000 SITE $400,000 2014-10-01 $280,000 0.7 $40 $29 $28 96.6 RHS VAC 151 130 716404308 2014-11-19 $480,000 10000 SITE $403,000 2014-10-01 $405,000 1 $40 $46 $41 87.7 RHS VAC 151 130 716476515 2015-03-01 $2,250,000 3663 SITE $640,000 2014-10-01 $1,900,000 1.65 $314 $609 $519 85.2 MUL DEM 151 130 716547413 2015-04-11 $390,000 12480 SITE $420,000 2014-10-01 $420,000 1 $34 $31 $34 108.2 RHS VAC 151 130 716438557 2014-10-23 $1,600,000 Disclosure4150 SITE $490,000 2014-10-01 $1,250,000 1.25 $241 $336 $301 89.8 ENG IMP 151 130 716519134 2015-02-09 $2,100,000 4047 SITE $620,000 2014-10-01 $1,800,000 1.45 $309 $513 $445 86.7 ENG IMP 151 130 716378814 2014-04-17 $4,500,000 21790 SITE $1,690,000 2014-10-01 $3,200,000 1.2 $122 $205 $147 71.6 MUL DEM 151 130 716378958 2014-04-17 $4,500,000 21790 SITE $1,690,000 2014-10-01 $3,200,000 1.2 $122 $205 $147 71.6 MUL DEM 151 130 716528650 2015-04-14 $6,575,000 91740 SITE $435,000 2014-10-01 $6,400,000 1 $70 $72 $70 97.3 ENG VAC 151 130 716587909 2015-03-27 $2,641,100 9978 SITE $560,000 2014-10-01 $2,300,000 1 $231 $265 $231 87.1 ENG VAC 151 130 716377855 2015-02-03 $244,000 4000 SITE $197,500 2014-10-01 $217,500 1.1 $49 $58 $54 94.4 RHS VAC 151 131 716229169 2014-11-17 $630,000 14050 SITE $550,000 2014-10-01 $550,000 1 $39 $40 $39 98.2 RHS LIM 151 133 716346187 2014-12-15 $2,200,000 4047 SITE $0 2014-10-01 $2,000,000 1.65 $300 $536 $494 92.2 MUL DEM 151 240 716362715 2015-02-04 $2,512,000 16680 SITE $660,000 2014-10-01 $2,400,000 1 $144 $151 $144 95.5 MUL DEM 151 240 716370554 2015-02-25 $2,240,000 10120 SITE $590,000 2014-10-01 $2,000,000 1 $198 $221 $198 89.3 MUL DEM 151 240 Page 58 of 62 18-228 File A Page 105 of 109 Market Survey 2015 BRISBANE CITY s.73 irrelevant information 716264857 2015-01-14 $4,510,000 27470 SITE $4,600,000 2014-10-01 $4,000,000 1 $146 $164 $146 88.8 ENG VAC 152 140 716303800 2015-01-31 $1,457,000 10120 SITE $455,000 2014-10-01 $1,300,000 1 $129 $129 $128 99.5 RES VAC 152 140 716465592 2014-07-04 $2,325,000 2049 SITE $1,705,000 2014-10-01 $2,000,000 1.2 $832 $1,094 $976 89.2 RES DEM 180 107 716243639 2014-06-19 $5,500,000 1622 SITE $2,560,000 2014-10-01 $4,800,000 1.2 $2,466 $3,048 $2,959 97.1 MUL DEM 180 203 716238559 2014-11-04 $485,000 405 SITE $320,000 2014-10-01 $450,000 1.4 $790 $1,220 $1,111 91.1 RES VAC 181 107 716361042 2014-09-24 $1,405,000 1214 SITE $630,000 2014-10-01 $1,150,000 1 $947 $1,034 $947 91.6 RES DEM 181 107 716541981 2015-05-01 $856,000 1100 SITE $960,000 2014-10-01 $860,000 0.9 $873 $778 $782 100.5 RES VAC 181 107 716541668 2015-02-06 $825,000 810 SITE $760,000 2014-10-01 $760,000 1 $938 $1,017 $938 92.2 RES VAC 181 150 716407248 2014-12-05 $455,000 405 SITE $0 2014-10-01 $435,000 1 $1,074 $1,121 $1,074 95.8 RES VAC 181 153 716228246 2014-11-12 $500,000 579 SITE $295,000 2014-10-01 $385,000 1 $665 $863 $665 77.1 RES VAC 181 162 716108925 2014-08-30 $991,000 873 SITE $870,000 2014-10-01 $870,000 1 $997 $1,019 $997 97.8 MUL DEM 181 203 715777173 2014-04-01 $302,000 582 SITE $225,000 2014-10-01 $225,000 1 $387 $519 $387 74.5 IND LIM 182 155 716516581 2015-03-20 $550,000 40010 SITE $485,000 2014-10-01 $485,000 1 $12 $13 $12 93.6 RHS VAC 183 130 716353130 2014-11-24 $423,000 10000 SITE $450,000 2014-10-01 $400,000 1 $40 $42 $40 95 RHS VAC 185 130 716189746 2014-10-07 $476,000 3533 SITE $780,000 2014-10-01 $450,000 1 $127 $135 $127 94.5 RES VAC 250 140 715849756 2014-02-28 $1,640,000 1206 SITE $1,240,000 2014-10-01 $1,350,000 1.1 $1,028 $1,258 $1,119 89 MUL IMP 250 201 715982910 2014-07-15 $1,155,000 1264 SITE $0 2014-10-01 $1,000,000 1.05 $767 $884 $791 89.5 MUL DEM 250 201 715511093 2013-07-12 $900,000 810 SITE $455,000 2014-10-01 $800,000 1.75 $562 $1,111 $988 88.9 MUL VAC 250 201 716211485 2014-10-07 $2,800,000 2046 SITE $2,600,000 2014-10-01 $2,900,000 1.1 $1,271 $1,417 $1,417 100 MUL DEM 250 202 716161364 2014-10-23 $1,280,000 797 SITE $690,000 2014-10-01 $1,050,0002009 1.5 $866 $1,481 $1,317 89 MUL DEM 250 202 716453484 2015-01-26 $795,000 810 SITE $840,000 2014-10-01 $700,000 1 $864 $920 $864 94 MUL VAC 250 202 716130536 2014-09-08 $2,440,000 4500 SITE $1,840,000 2014-10-01 $2,200,000 1.2 $409 $542 $489 90.2 RES DEM 250 203 716373963 2014-11-20 $6,985,000 6055 SITE $4,890,000 2014-10-01 $6,100,000 1.25 $808 $1,049 $1,007 96.1 COM DEM 250 204 716373963 2014-11-20 $6,985,000 6055 SITE $4,890,000 DNRME2014-10-01 Act$6,100,000 1.25 $808 $1,049 $1,007 96.1 COM DEM 250 204 715831271 2013-10-06 $3,330,000 748 SITE $2,900,000 2014-10-01 $2,900,000 1 $3,877 $4,452 $3,877 87.1 MUL IMP 250 207 716394792 2015-03-10 $4,180,000 2370 SITE $1,465,000on 2014-10-01 $3,500,000 1 $1,477 $1,707 $1,477 86.5 MUL DEM 250 212 716265044 2014-08-12 $3,500,000 888 SITE $3,000,000 2014RTI-10-01 $3,500,000 1.15 $3,378 $3,941 $3,941 100 MXU VAC 272 212 716434007 2015-03-12 $8,100,000 1366 SITE $4,000,000 2014-10-01 $8,000,000 1.6 $3,660 $5,930 $5,857 98.8 MXU DEM 272 212 716434007 2015-03-12 $8,100,000 1366 SITE $4,000,000 2014-10-01 $8,000,000 1.6 $3,660 $5,930 $5,857 98.8 MXU DEM 272 212 716481201 2015-04-07 $7,369,999 2781 SITE $3,960,000 2014-10-01 $6,300,000 1.6 $1,424 $2,409 $2,265 94 MXU DEM 272 216 716481244 2015-04-16 $7,369,999 2781 SITE $3,960,000Log 2014 -10-01 $6,300,000 1.6 $1,424 $2,409 $2,265 94 MXU DEM 272 216 716481244 2015-04-16 $7,369,999 2781 SITE $3,960,000 2014-10-01 $6,300,000 1.6 $1,424 $2,409 $2,265 94 MXU DEM 272 216 716481244 2015-04-16 $7,369,999 2781 SITE $3,960,000 2014-10-01 $6,300,000 1.6 $1,424 $2,409 $2,265 94 MXU DEM 272 216 716264845 2014-12-11 $9,000,000 2021 SITE $3,090,000 2014-10-01 $8,800,000 0.8 $5,443 $4,453 $4,354 97.8 MXU DEM 276 214 716243635 2014-06-19 $5,500,000 1622 SITE $2,560,000 2014-10-01 $4,800,000 1.2 $2,466 $3,048 $2,959 97.1 MUL DEM 281 203 716465581 2014-07-04 $2,325,000 Published2049 SITE $1,705,000 2014-10-01 $2,000,000 1.2 $832 $1,094 $976 89.2 RES DEM 281 205 716182503 2014-09-24 $7,845,750 6092 SITE $2,900,000 2014-10-01 $6,700,000 2.3 $476 $1,143 $1,100 96.2 AGE VAC 284 240 716408418 2015-01-19 $460,000 476 SITE $370,000 2014-10-01 $445,000 1.2 $777 $966 $935 96.7 COM VAC 350 113 716438932 2015-02-23 $750,000 405 SITE $290,000 2014-10-01 $670,000 2.3 $716 $1,852 $1,654 89.3 COM DEM 350 202 716107510 2014-05-13 $2,090,000 1942 SITE $0 2014-10-01 $1,900,000 1.5 $644 $1,013 $978 96.6 MUL DEM 350 203 716434874 2015-03-24 $4,600,000 Disclosure4116 SITE $1,825,000 2014-10-01 $3,800,000 1.65 $559 $1,078 $923 85.6 MUL DEM 350 240 716373963 2014-11-20 $6,985,000 6055 SITE $4,890,000 2014-10-01 $6,100,000 1.25 $808 $1,049 $1,007 96.1 COM DEM 350 301 716599209 2015-05-11 $5,900,000 2060 SITE $2,400,000 2014-10-01 $5,800,000 2.4 $1,165 $2,864 $2,816 98.3 COM DEM 350 301 716431530 2014-06-14 $555,000 612 SITE $340,000 2014-10-01 $510,000 1.5 $556 $907 $833 91.9 MUL DEM 350 302 716204845 2014-10-23 $18,150,000 3888 SITE $10,000,000 2014-10-01 $16,000,000 1.6 $2,572 $4,116 $4,115 100 MXU VAC 350 302 716221770 2014-11-27 $6,950,000 1863 SITE $3,570,000 2014-10-01 $6,600,000 1.2 $2,952 $3,623 $3,543 97.8 COM DEM 350 303 716420328 2015-03-23 $1,075,000 2071 SITE $870,000 2014-10-01 $960,000 1.1 $420 $495 $464 93.7 IND LIM 350 306 716582732 2015-05-15 $1,500,000 1948 SITE $1,135,000 2014-10-01 $1,300,000 1 $667 $694 $667 96.2 MUL 350 310 716264460 2013-11-28 $425,000 425 SITE $450,000 2014-10-01 $430,000 0.95 $1,059 $1,000 $1,012 101.2 RES VAC 350 311 716367996 2014-08-12 $2,467,500 1210 SITE $1,050,000 2014-10-01 $2,400,000 1.6 $1,240 $1,983 $1,983 100 COM IMP 350 312 716367996 2014-08-12 $2,467,500 1210 SITE $1,050,000 2014-10-01 $2,400,000 1.6 $1,240 $1,983 $1,983 100 COM IMP 350 312 Page 59 of 62 18-228 File A Page 106 of 109 Market Survey 2015 BRISBANE CITY s.73 irrelevant information 716528633 2015-05-01 $19,500,000 6878 SITE $8,292,500 2014-10-01 $18,000,000 2.2 $1,206 $2,742 $2,617 95.4 MXU VAC 350 313 715184072 2013-05-15 $1,275,000 1214 SITE $690,000 2014-10-01 $1,200,000 1.65 $597 $1,050 $988 94.1 COM DEM 350 332 715163858 2013-06-18 $1,275,000 1214 SITE $690,000 2014-10-01 $1,200,000 1.65 $597 $1,050 $988 94.1 COM DEM 350 332 715909406 2014-07-09 $1,200,000 1077 SITE $1,000,000 2014-10-01 $1,100,000 1.05 $975 $1,114 $1,021 91.7 COM VAC 350 362 716028855 2014-07-25 $1,300,000 948 SITE $1,050,000 2014-10-01 $1,150,000 1.05 $1,160 $1,241 $1,213 97.8 MUL DEM 350 362 716192554 2013-12-03 $2,750,000 1215 SITE $1,170,000 2014-10-01 $2,300,000 1.8 $1,029 $2,066 $1,893 91.6 MXU DEM 350 362 716192554 2013-12-03 $2,750,000 1215 SITE $1,170,000 2014-10-01 $2,300,000 1.8 $1,029 $2,066 $1,893 91.6 MXU DEM 350 362 716192554 2013-12-03 $2,750,000 1215 SITE $1,170,000 2014-10-01 $2,300,000 1.8 $1,029 $2,066 $1,893 91.6 MXU DEM 350 362 716460176 2015-03-27 $2,090,000 1378 SITE $2,000,000 2014-10-01 $1,800,000 0.9 $1,451 $1,379 $1,306 94.7 COM LIM 350 362 716528713 2014-09-23 $2,329,695 1215 SITE $1,110,000 2014-10-01 $2,100,000 1.7 $1,029 $1,866 $1,728 92.6 COM DEM 350 362 716528713 2014-09-23 $2,329,695 1215 SITE $1,110,000 2014-10-01 $2,100,000 1.7 $1,029 $1,866 $1,728 92.6 COM DEM 350 362 716298700 2014-10-17 $744,000 1164 SITE $500,000 2014-10-01 $0 0 $430 $495 $0 0 COM DEM 350 602 716230593 2014-09-12 $53,900,000 4802 SITE $11,500,000 2014-10-01 $21,000,000 1.8 $2,395 $5,609 $4,373 78 COM LIM 356 311 716509161 2014-10-20 $3,750,000 911 SITE $3,100,000 2014-10-01 $3,600,000 1.15 $3,403 $4,116 $3,952 96 MXU DEM 362 212 716264830 2014-12-11 $9,000,000 2021 SITE $3,090,000 2014-10-01 $8,800,000 0.8 $5,443 $4,453 $4,354 97.8 MXU DEM 366 214 716264815 2014-12-11 $9,000,000 2021 SITE $3,090,000 2014-10-01 $8,800,000 0.8 $5,443 $4,453 $4,354 97.8 MXU DEM 366 214 716336791 2014-10-21 $20,625,000 1844 SITE $6,900,000 2014-10-01 $18,000,000 1.5 $6,508 $10,162 $9,761 96.1 MUL DEM 366 214 716336791 2014-10-21 $20,625,000 1844 SITE $6,900,000 2014-10-01 $18,000,000 1.5 $6,508 $10,162 $9,761 96.1 MUL DEM 366 214 716191477 2014-06-23 $16,000,000 1821 SITE $7,300,000 2014-10-01 $15,500,000 1.3 $6,507 $8,786 $8,512 96.9 MXU DEM 366 214 716191477 2014-06-23 $16,000,000 1821 SITE $7,300,000 2014-10-01 $15,500,0002009 1.3 $6,507 $8,786 $8,512 96.9 MXU DEM 366 214 716191477 2014-06-23 $16,000,000 1821 SITE $7,300,000 2014-10-01 $15,500,000 1.3 $6,507 $8,786 $8,512 96.9 MXU DEM 366 214 716484983 2015-04-22 $22,150,000 2733 SITE $10,500,000 2014-10-01 $22,000,000 1.3 $6,220 $8,105 $8,050 99.3 MXU DEM 366 214 716484983 2015-04-22 $22,150,000 2733 SITE $10,500,000 2014-10-01 $22,000,000 1.3 $6,220 $8,105 $8,050 99.3 MXU DEM 366 214 716484983 2015-04-22 $22,150,000 2733 SITE $10,500,000 DNRME2014-10-01 Act$22,000,000 1.3 $6,220 $8,105 $8,050 99.3 MXU DEM 366 214 716386718 2015-03-02 $33,620,000 1049 SITE $0 2014-10-01 $32,000,000 1.6 $19,066 $32,050 $30,505 95.2 MXU DEM 369 214 716528633 2015-05-01 $19,500,000 6878 SITE $8,292,500on 2014-10-01 $18,000,000 2.2 $1,206 $2,742 $2,617 95.4 MXU VAC 380 313 716528633 2015-05-01 $19,500,000 6878 SITE $8,292,500 2014RTI-10-01 $18,000,000 2.2 $1,206 $2,742 $2,617 95.4 MXU VAC 381 313 716318172 2014-06-30 $1,202,700 8018 SITE $1,200,000 2014-10-01 $1,200,000 1 $150 $150 $150 99.8 IND VAC 450 28 716318160 2015-02-06 $3,006,700 30060 SITE $2,000,000 2014-10-01 $2,600,000 1.3 $67 $100 $86 86.5 IND VAC 450 401 716401915 2014-08-28 $530,000 4047 SITE $265,000 2014-10-01 $500,000 1.9 $65 $131 $124 94.3 IND VAC 450 401 716318437 2014-02-03 $13,750,000 84770 SITE $5,500,000Log 2014 -10-01 $0 0 $65 $147 $0 0 IND VAC 450 402 716392529 2015-01-29 $2,970,000 8022 SITE $2,000,000 2014-10-01 $2,000,000 1 $249 $337 $249 74.1 IND VAC 450 403 716482735 2014-12-18 $605,000 1700 SITE $850,000 2014-10-01 $570,000 0.67 $500 $335 $335 100 IND DEM 450 403 716558549 2015-04-24 $3,100,000 1525 SITE $1,850,000 2014-10-01 $3,000,000 1.6 $1,213 $2,025 $1,967 97.1 MXU DEM 450 404 716495256 2015-04-10 $1,672,000 2843 SITE $1,000,000 2014-10-01 $1,400,000 1.4 $352 $535 $492 92.1 COM VAC 450 407 716264204 2014-12-22 $25,539,140 Published133300 SITE $20,900,000 2014-10-01 $22,000,000 1.05 $157 $174 $165 94.8 IND VAC 450 421 716275409 2014-08-01 $4,730,000 13570 SITE $4,000,000 2014-10-01 $4,000,000 1 $295 $317 $295 93 IND VAC 450 421 716427212 2015-03-10 $18,379,900 75950 SITE $12,500,000 2014-10-01 $16,500,000 1.3 $165 $220 $217 98.7 IND VAC 450 421 716468834 2015-03-25 $410,000 860 SITE $415,000 2014-10-01 $415,000 1 $483 $477 $483 101.2 IND VAC 450 421 716531935 2014-09-02 $4,510,000 12890 SITE $3,800,000 2014-10-01 $4,000,000 1.05 $295 $318 $310 97.6 IND VAC 450 421 716262277 2014-09-16 $852,500 Disclosure1946 SITE $660,000 2014-10-01 $730,000 1.1 $339 $398 $375 94.2 IND VAC 450 425 716488659 2015-04-13 $918,500 2104 SITE $700,000 2014-10-01 $760,000 1 $361 $397 $361 91 IND VAC 450 425 713823636 2010-11-26 $1,580,000 5588 SITE $1,450,000 2014-10-01 $1,450,000 1 $259 $283 $259 91.8 IND VAC 450 430 714747950 2012-08-22 $2,000,000 6268 SITE $1,750,000 2014-10-01 $1,750,000 1 $279 $319 $279 87.5 IND VAC 450 430 716031194 2014-06-27 $2,400,000 6268 SITE $1,750,000 2014-10-01 $1,750,000 1 $279 $348 $279 80.2 IND LIM 450 430 716503819 2015-04-17 $890,000 2061 SITE $750,000 2014-10-01 $750,000 1 $364 $383 $364 94.9 IND LIM 450 430 716572972 2015-03-23 $1,574,999 5043 SITE $1,200,000 2014-10-01 $1,400,000 1.15 $238 $285 $278 97.6 IND LIM 450 430 716249036 2014-11-20 $1,839,200 7115 SITE $1,850,000 2014-10-01 $1,650,000 0.9 $260 $235 $232 98.7 IND VAC 450 431 714877178 2012-12-04 $5,995,000 29750 SITE $4,950,000 2014-10-01 $5,000,000 1 $166 $183 $168 91.7 IND LIM 450 433 716391002 2014-07-14 $363,000 1110 SITE $250,000 2014-10-01 $315,000 1.25 $225 $297 $284 95.5 IND VAC 450 433 716325122 2014-07-03 $1,600,000 460 SITE $1,000,000 2014-10-01 $1,600,000 1.6 $2,174 $3,493 $3,478 99.6 MUL DEM 480 402 Page 60 of 62 18-228 File A Page 107 of 109 Market Survey 2015 BRISBANE CITY s.73 irrelevant information 716564079 2014-12-15 $24,310,000 274900 SITE $24,700,000 2014-10-01 $21,000,000 1 $76 $80 $76 95 IND VAC 480 420 716269894 2015-01-06 $4,400 13 SITE $1,300 2014-10-01 $3,900 3 $100 $308 $300 97.5 SPP LIM 650 605 716272637 2015-01-07 $5,500 13 SITE $1,200 2014-10-01 $4,800 4 $92 $385 $369 96 SPP LIM 650 605 716538262 2015-05-21 $400,000 13060 SITE $440,000 2014-10-01 $350,000 0.8 $34 $28 $27 97.2 PRK VAC 654 601

2009 DNRMEAct on RTI Log

Published

Disclosure

Page 61 of 62 18-228 File A Page 108 of 109 Market Survey 2015 BRISBANE CITY

Disclaimer

The market survey has been prepared for the Valuer-General, State Valuation Service, Department of Natural Resources and Mines as per the requirements of Section 74 of the Land Valuation Act 2010 (the Act).The document has been formulated based upon the best available information at the time of preparation however the report does not purport to be, and should not be interpreted as, comprehensively or definitively representing any revaluation undertaken by the Valuer – General under the Act.

s.73 irrelevant information s.73 irrelevant information

2009

DNRMEAct on RTI Principal Valuers Area Manager

Log

Published

Disclosure

Page 62 of 62 18-228 File A Page 109 of 109